The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
In
'#'
"
iUb. ADM*
1
•'".''
1
Reg. U.
New
Number 4303
160
Volume
S.
RAILROAD
:--'r
INSURANCE
-
MISCELLANEOUS
■
Alabama Great Southern
See
't
1941
1942
1943
Industries, Inc.—Earnings—
Allen
RR.—Earnings-
1944
June—
7.
"•
V
'
v.
-
•'
,
<
6 Months Ended June 30—
♦Net profit
Gross
Acme Steel Co.—Earnings—
;
Quarter Ending—
Gross profit
Net
\
,
June 30,'44 June 30,'43
$2,184,221 $2,339,770
•
„.
profits
Federal
excess
Federal
normal
taxes,,_
1,448,779
220,462
160.975
1,374.223
220,462
152,692
_
_
and surtax—
contingencies
for
Reserve
from
from
Net
ry.
$1,933,094
$2,005,273
$1,727,215
$884,767
826,890
1,002,372
899,833
330,384
Capital
127,335
railway
172,566
89,023
180,792
Earnings per
railway
income
oper.
Gross
Net
from
from
Net ry.
11,400,077
8,557,743
4,675,782
5,624,623
4,007,226
1,714,428
1,012,386
1,266,074
994,086
1,000,102
income
profit
profit
—V.
$436,844
outstanding——
share
per
159.
Net
Report—
Gross
ln
Issue
This
Net
1,
:
At the
---<
-
--
special meeting
-
New York
Consolidated
company
1944
$546,270
93,245
Interest
income
—
General
expenses
Int.
collateral
on
bonds
83,877
-
.
taxes—__
21,128
for
Exchange
Stock Exchange
Cleveland
Stock Exchange,—
Detroit Stock Exchange,.
Los
Angeles Stock Exchange__-_________t-.
income
198,905
*15,072
31
Dec.
4,398,204
Total
f
Divs.
surplus,
—
ICC
The
bal. of prop. &
equip.
Consolidated
:
♦No
7 Main
has
provision
-7. 7,..
.....
■
77
Assets—
and dividends—
Accrued interest
receivable
10-year VWfc
for securities
26,611
sold—not del.,
in
owned
note—
Securities
Adamex
subsidiary
Corp.,
a
Net
securities
———
Total
sales
(Cd, flhcl.
before
>
Reserve Banks
Federal
Collateral
trust
4%
bonds
10-year 4Va r,:r. debentures
Dividend payable July 14,
(1947)—'——,——$1,241,500
(1948)7—
1,375,500
__—
Accrued
and
taxes
•
expenses
Common
stock
Capital
Earned
L_
(par $1)
surplus
surplus
Total
p.
32,366
71,763
1,325,399
18,485,306
4,535,483
L—
—_——
.
—i,,
2625.
v;
—
U
:,
—-
—V. 159,
.
—
...
111,333
1,463,400
19,944,037
4,395,445
$34,328,105 $35,688,287
.
International
2409.
''
'
Telephone
&
Telegraph
below.-
Corp.
1,850,000
$685,038
128,625
307,637
$647,885
$214,516
$248,777
17,677,401
16,533,990
$250,078
15,383,699
dividends
(cash),,
128,625
(cash)
307,637
-V.
159,
128,625
269,182
to surplus,,
transferred
per
share,.
common
$0.68
$0.72
$15,633,777
$0.68
42,798
.
——
—
59,636
43.510
1942 tax law.
on
the
months
six
ended
June
30,
1944,
net profit was $1,239,298,
equal to $1.28 a share on common, compared with $1,266,030 or
common share for the first half of 1943.
J
Stock and Bond Averages
'
Consolidated
•
Balance
Sheet
Assets—v'.
:
deposit and on hand—
Treasury tax notes,,
and accounts receivable (less reserve),—
Cash
U.
on
S.
Notes
of
Indebtedness
subsidiaries
Other
Post
not
June 30,'44
$5,299,745
7,132,364
7,249,935
109,780
10,204,003
82,032
consolidated—.
assets
war
excess
;
•
—__
bldgs. and equip, (less deprec. & amort.)
(less amortization)—.—
Patents
Interstate
The
the
on July
26 opened a series
vital effect on the future of
7. .7 ; '
7 7.;/'
Commerce
Commission
Goodwill
which
have
Deferred
public hearings
corporation.,
may
7,7.;7; ' 77
...
a
hearings involve an investigation by the ICC to determine
whether Alleghany and its principal sponsors, Robert R. Young, now
Chairman,. and
Allan P. Kirby, may have acquired control of the
C. & O. and affiliates in violation of Section 5 of the Interstate Com¬
merce
Act..
This section among other stipulations makes it unlawful
•
The
for
a
ICC
to
non-carrier
acquire control of one 01* more carriers
sanction.
7.'
•
'
which
the
divestment;
Commerce
and
(3)
Act,
with
dismissal of
fines
corresponding
S.
'*■
for
——
excess
profits
taxes—
—
contingencies
tax
other
cumulative
contingencies
preferred stock ($100 par)—
shares no par)
Common stock (769,092
Capital
surplus
Earned
*
40,636
1,206,699
249.622
452,855
$51,210,123 $51,239,038
^
i
and
income
Reserve
5'U%
juris¬
diction for the regulation of securities issues, financial transactions
and accounting; (2) conviction of Alleghany and its heads for alleged
will
of
U.
''
payable
acounts
Reserves for
{
Among possible results of the ICC inquiry are: (1) An order
for the first time bring Alleghany Corp. under Commission
—-
Liabilities—VAccrued
2,468,065
14,808,102
31,595
1,206,699
^—
—
Accounts
,
.
■•
•'
without
w
•;
charges
Total
;
1,707,065
14,407,560
—.-
Other companies
Land,
■
954,657
1,707,065
2,468,065
..
consolidated
not
Dec. 31,'43
$5,900,378
5,197,291
8,316,218
3,093
10,105,805
78,174
1,061.657
profits tax refund—'
Investments;
-.
of
$3,015,211
$3,064,461
1,741,793
4,738,761
564,159
913,483
9,800,000
12,544,800
1,282,590
5,668,442
564,159
827,898
7,387,182
surplus
—
10,504,736
9,800,000
12,544.800
7,387,182
10,099,507
and orders
the inquiry giving Alleghany and
Total
—
—
—_
—
$51,210,123 $51,239,038
'
Messrs.
Young and Kirby a clean bill of health,—V. 160, p.
321.
r
—v: 160, p.
1.
'.
V:,;
-7-7
—LHIilill
SPECIALIST IIS
FI11M
'
Bids
FLORIDA & NEW JERSEY
Municipal Ronds
*
Banks, Corporations and Individuals have
us an effective market place for large or
Offerings
Unlisted Securities
v
For
Brokers, Dealers, Institutions, Corporations
which
.
Kobbe, Gearhart & Company
Established
Telephone:
HAnover 2-2600
.
Members New York
1922
45
NEW YORK 4, N. Y.
Bell Teletype:
small
are not
readily marketable.
INQUIRIES INVITED
INCORPORATED
C4LLEN & CO.
30 BROAD STREET
found,
BLOCKS of SECURITIES
.
DEPARTMENT
MUNICIPAL
*
NY 1-573
NASSAU
HILL, THOMPSON & CO.,
Security Dealers Association
STREET,
NEW YORK 5
Telephone
Philadelphia Telephone
REctor 2-3600
Enterprise 6015
Bell
New
Teletype
York
$1.31
a
447
Transactions New York Stock Exchange
of
See
598,222
tl,300,000
—
dividends
stock
of subs
469.
447
447
violations
All America Corp.—To Redeem Debentures—
p.
667,922
640,000
$650,778
amortization
$3,049,417
.
551,532
—
stock
tBased
Transactions New York Curb Exchange
$1,241,500
1,375,500
51,290
161,125
61,156
contingencies,,,7-1—
for
23,334
income
For
28,778,696
17,813
160,683
payable for securities purch.—not rec...
Accrued int. including unclaimed matured int.-
Amount
23,370
♦Equity in earnings, after dividends,
469
—
—
30
$2,583,260
Surplus June 30—,——— $17,891,918 $16,782,766
100.000
6,883,500
June
23,545
Inventories
6,883,500
1944—198,791
Ended
$1,958,700
taxes
Earnings
*
7
Federal Reserve System
$2,935,420
3,775,424
59,738
21,610
17,400
—__——;
.„
—
Quarters
1944
1943
1942
subs.), $17,800,000 $17,800,000 $16,600,000
& .In7
•
•
.
■
1,9315,155
2,559.890
3,026,082
Surplus April 1
Statement of Members Banks of
Condition
Alleghany Corp.—ICC Probe Starts—
bonds,
the
19.4 miles, in
U. S. income & excess
for est.
Net
768,286
-
—r
income
profits
9.430,296
2,474,199
subsidiaries,'—^,
Depreciation and
Prov.
consol.
deprec.
—
from
for
Account
Income
taxes
Total
—„$34,328,105 $35,688,287
;
trust 4%
2,402,532
j
7:-:7'.
4,059,651
1,660,672
the company's application to abandon a
extending from a point at. or near South.
railroad
of
earns,
♦Dividends
468
Exchange Rates—
Combined Condition Statement of
Liabilities—
Collateral
2,252,893
7
•
1941
•
18 denied
July
on
Subsidiaries
Reserves
•
$1,823,C03
77 557.485
266,334
13,401,447
7,511,661
to East Hardin, approximately
and Jersey Counties, 111.—V. 160, p. 1.
come
'
100,000
28,567,545
_
•
6,152,073
:;'7/.V" "
•Net'
wholly-
—
214,808
18,455,342 718.295,541
income
7
1,900,000
r-;
—
—
268,047
7
Consolidated
459
Foreign
$4,325,975
receivable—other
Accounts
Other
5,705
'
-/ ,7 7/:
$1,573,654
„2,066,038
—i—
94,258
I——„
7
Invest,
,
$4,365,894
$4,535,483
Government obligations——
Amount
,
Comparative Consolidated Balance Sheet
■•••*'■Jun. 30, '44 Dec, 31,'43
Cash
S,
'•
—
.
-
1942
$2,676,019
996,719
356,341
American Brake Shoe Co.—Earnings
Investment News. 425
State and City Bond Offerings and Sales— 474
Redemption Calls & Sinking Fund Notices. 465
Dividends Declared and Payable
465
The Course of Bank Clearings..^
464
$4,545,466 -$4,439,577
219,491
219,491
,
1943
1,233,088
in Carrollton,
St.,
Greene
General Corporation arid
$4,214,380
been made for possible Federal income taxes for
7 ;'..7;i7 • ■ 7 ■
.-77,7.7 7-7..;.
'
U.
—-
earned "r
surplus, June 30-,
1941.
7,
,.\x;7v7. .v;:7
Miscellaneous Features
4,141,886
' 7..
.
7
$3,113,397
income
line
Balance,
219,491
198,791
stock
undeprec. 7;;-
of
"v 7
•
1944
railways
Preferred
$297,691
4,244,258
$4,585,385
$4,734,275
—_
common
on
Write' off
$301,208
$282,888
'7
,
4,302.497
$336,070
—u
earned
-Consol.
./■'
,
1,167,821
railway
oper.
branch
__,460
St. Louis Stock Exchange—.
460
Montreal)Stock Exchange—.—______ 462
Montreal Curb Exchange—______
462
Toronto Stock Exchange
460
Toronto Stock Exchange—Curb Section— 460
Over-the-Counter Markets
463
85,691
from
Common
Net
■■
:;■
Abandonment Denied—
Pittsburgh Stock Exchange.
$597,360
from
Net ry.
Exchangei__-_,__-_7>CV460
Philadelphia Stock
1941%^
198,657
®16,921
Exchange,—
Cincinnati
■
,
(Bonds),-
Exchange
Exchange
Stock
Chicago
<■■'*••
$604,106
87,321
-
198.615
28,891
198,615
•
Stock
Boston
$581,071
16,283
.
trust
debentures
and
Provision
_
$594,271
83,702
"
securities—
on
Total
secur._7.77.
on
1943 0;V; 1942 ;
$511,399
$571,257
,
82,871
' 32,850
$639,515
V7:-;v77r,7'
Inc.—divs.
Account Six Months Ended June 80
Income
Net
£37
£48
452
£57
457
458
458
458
459
(Stocks)
Exchange
Stock
Baltimore
amended to
were
Stock
New York Curb
respective dates.
the
Quotations
Stock Exchange
New York
reflect the following
changes:'the shares of common stock were changed to $1 par, value
per share/having
been previously without par value; all provisions
relating to preferred stock were eliminated from the articles; and the
period during which the company shall continue was extended from
July 1, 1948 to July 1, 1998.
the
of
association
of
•
•
$3,301,502
railway
railway
oper.
ry.
Gross
Page
V::-v7"jv V; '7
of stockholders held June 6, 1944. the articles
market values at
on
'7
From Jan. 1—
Stock and Bond
——
-
from
from
Net
,
Jun- 30- '44 Dec'43
$1,573,654 $2,935,420
*U. S. Government obligations,—
i
2,066,955
3,778,910
•Total net assets before deducting funded debt,
34,483,269
32,774,555
Funded debt C-.
7
9,500,500
9,500,560
•Asset coverage for each $1,000 of funded debt,
3,629
3,449
•Net assets applicable to common stock,,,—
24,982,769 23,274,055
Number of shares outstanding—
1,325,399
1,403,400
♦Net assets per share of common stock,
—
$18.84
$15.90
hand—
♦Based
" '
...
1943
♦$834,828
1944
$177,551
.
.7
:
June—
1944
This
_
>
1753.
p.
Alton RR.—Earnings—
and
on
7
charges
,\"v7v-,"'i77>:.,.•.•;•■■■ :-'7
\-V7^-7V^■:7:-
-Cash
loss after
♦Profit.—V. 159,
$1.57
$1.33
government obligations at market value at June 30,
totaled $3,640,609, as compared with $6,714,329 at Dec. 31, 1943.
and other pertinent comparative data are indicated below:
Cash
12 Months Ended June 30—
1.
p.
charges and Federal income taxes.—V. 158, p. 2245.
.
Adams Express Co.—Semi-Annual
7
160,
328,108
—
—
___
1649.
p.
$509,554
328,108
>.
shares
Common
Net
—V.
;
1942
$166,173
262,800
$0.63
1943
$167,333
262,800
$0.64
Alpha Portland Cement Co.—Earnings—
•
Net
share
common
\
- -
4,934,123
11,263,593
railway
railway
oper.
shares outstanding—
♦After all
From Jan. 1—
'
1944
$206,680
262,800
$0.79
3
si
Copy
a
J
"
Approved—
ACF-Brill Motors Co.—Merger Plan
Brill Corp., below.—V. 160, p. 321.
'
60 Cents
Price
and Investment News
INDUSTRIAL
-
11944
Pat. Office
York, N. Y., Monday, July 31, 1944
PUBLIC UTILITY
-
';V.
•
it
,' :'•
General Corporation
7
WJG
MONDAY
LIBRARY
r-t
1-576
120 Broadway,
New York 5, N. Y«
INC.
Amalgamated Leather Cos.,
Ended—
G Months
*
July 1, li
,
\
Income
Gross
Federal taxes met)—„
for invent, and conting
Provision for
Reserve
l-~
sharLpoutsLndin7::::::::::---.--321.
p.
'
'
*
-
/comparative Consolidated Balance Sheet. April'30
"'
1944
Assets
Intangibles
Marketable securities
W. King,
L.
tile company
All of the new
many years,
William H.
.
,
,
.
.
.
.
profits taxes (est.)
accounts receivable from affiliated
credits on excess
Post-war
and
Notes
(less reserve)—
stock —,
fTreasury
of
Total
4,729,736
533,400
4,502,172
533,399
—
215,221,783 264,765,366
———
30 ,000,000
30,000,000
($100 par)
—
30,000,000
30 ,000,000
(600,000 no par shares)—
11,005,710 is 8 933,850
payable and pay rolls..
—
1187.825.420*135 344.109
Provision for Federal, btate and local taxes.—
84,313
5,621,017
Advance payments received on sales contracts.
9,432,740
22 016,000
Advances on Government contracts
5,900,187
5 317,266
^Reserve for insurance and contingencies
735,745
1 934,545
Reserve for dividends on common capital stock
Preferred stock
Common stock
Accounts
Radio Corp.—To Recleem Warrants
International Telephone & Telegraph Corp. below.
—See
—V.
159,
2410.
p.
Co.—Annual Report—
American Car & Foundry
'
fiscal year
the
for
iaries
report
annual
45th
The
of company and its
ended April 30, 1944,
Charles
by
215,221,783 264,765,366
"Less reserve for amortization and depreciation of $43,264,589 in 1944
and $38,740,013 in 1943;
fRepresented by 10,550 shares of preferred
capital stock and "600 shares of common" capital stock,
tlncluding
(est.)
amount due on renegotiation of U. S. contracts through April
30, 1943. gReserve for post-war reconversion insurance and contingen¬
cies includihg possible tax and other adjustments,
^Including (est.)
amounts of refunds through renegotiation through April 30,
1944.
J.
$5.95
April 30, 1943,-and is equivalent, after preferred dividends, to
per share of common stock outstanding, as against $5.05 per common
share in the 1943 fiscal year.
Mr. Hardy in his letter to the stockholders says that, in line with
,
>
the
of writing off the cost of facilities adapted only to the
of combat and other material needed for war purposes,
amortized as of April 30, 1944, a total of $11,340,989 of
policy
production
there
was
expended for such extension
war-work contracts for the
entire $13,345,832
the
of
Renegotiation
the year just closed. Proceedings
for the fiscal year ended April
not as yet been initiated, although the company's
effect to what the management estimates will be the
have
1944,
30,
give
statements
renegotiation.
just closed the activities
materiel of war and of railroad
"During tne
of
both
year
See Brill
unabated—with, however, the curtailment • of the
the light military combat tanks. In the pro¬
tanks your company was the pioneer and up tc
April last it produced more than fifteen thousand of them which
have been of incalculable service to our armed forces and have been
decisive factors in the winning of victories in fields widely separated
in
both
contracts are by
the Government'
—so there is no assurance
that a governmental contract undertaken
for the production of materials
needed for the prosecution of the
war
will be carried through to its conclusion.
In the undertaking
of contracts
of such character which your company has on hand,
your management has given consideration to this possibility, and has
been alert to protect the interests of your company
to the utmost
their
that practically all war-work
terminable 'at the convenience of
however,
made
terms
7
"At the close of the year your company and its wholly-owned sub¬
sidiaries had on their books work having a money value of approxi¬
mately $190,000,000.- At this writing, and notwithstanding some ter¬
minations and the deliveries made since the close of the year, the
money
value of unfilled orders on their books is approximately
>7
$218,000,000.
'
.
dividend of $1.75 per share on 'the $7
preferred stock and a dividend of $1.50 per share on the $6 preferred
stock, both payable Sept. 11 to holders of record Aug. 18. • These
dividends arg, on account of arrearages for the quarter ended .March
31. 1934.
Like amounts were disbursed on March 10 and June 10,
this year.
[For record of payments made in 1943, see V. 159, p. 1754.1
—V.
declared
a
made
was
$11.87 per share of
and
Comparable
and $10.28
share
Dec. 31, 1943, were $135.04 per
common share.
Comparable figures for
per
preferred share and $8.96 per common
1943, were $125.58 per
Statement
stock.
common
for
figures
of
Six Months
Income,
prospective, the strong, healthy and
continues unimpaired—and
there is
regard.
that
.
.
,
April 30—
tNet income
for the, preceding year
consideration was being
and
allowances
Repairs,
new
flasks,
etc.
Earns,
from
Income
•
2,954,976
6,021,000
Miscellaneous
income..
charges.;
32,517,810
53,064,401
19,715 7
20,997
1,531,015
1,025,254
7,977
77,899
242,313-:107,206
6,853,103
18,691
778,449
172,350
99,900
24,248,229
388,954
...
34,318,829
87,971
54,295.757
165,702
7,922,493
73,508
420,449
1—
income
3,959,080
-7
22,654,349
91,122
1,491,790
4,053
6,912
royalties.
to
1941
5,133,542
5,436,832
income
from
Charged
20,012
Capital stock and sundry taxes——
Interest on bank indebtedness
18,137
780,815
302,433
Miscellaneous
charges.
67,285
100,329
92,023
351,937
919,093
452,661
245,729
Net
taxes,
Estimated
mal
Estimated
cess
on
exc.
Net
credits
profits
per
♦Including
of cost of
common
the
he
to
mission
$7,302,000,
for
the
after
in
date
of
reinstatement,
reinstate
These orders, permit tne company
100
to
the
for
of
debenture
bonds
(and
quently,
tne
lor
beginning
an
reuueed.
retirement
for
amount
of
all
of
to
the
be
be
may
should
tne
to
debenture
is
that
as
between
accrue
which
price
the
price which,
during
week
tne
price
maximum
of
quarter
will
montn
a
such purcnase
approving
hoiuers
mat
conclude
surrender
company
market
price
debenture
company purcnases
to
bonds
their
p,ay
at
iut)
tnrougn
correspondingly
for
more
of
time
tne
at
bonus
be
would
company
the
will
tnis
eacn
to
limited
iy44, then tne maximum purcnase price
1,
by
event
and
hereaiter
required
than Dec.
current
10^1/4,
the
bonus
Commission
tne
intends
is
maximum
The
approximately
of
order
Conse¬
result
would
declines,
ueoenmre
at
the
on
The
to
100
bonus
company
pay
which
be able
ly44.
1,
program
to
1944.
decline.
lor
win
1%
have
interest
also
pay
their
Dec.
the
which
1,
will
company
purcnase
1,
Dec.
will
tne
surrender
100
this
Dec.
paid
no
the
to
to
of
the
be
In
than
bonds
of
under
pay
bonus
wouul
to
for
later than
not
excess
1944,
iv,
date
earner
wnich
bonds
company
debenture
at
plan
would
eiiec^*
of
tne
to
one-eighth
whne
its
it
intends
July
oonds
Court,
which
the
and
require holders
payment at
100.
be able
will also be paid by the company.
purchase
oi
intends
company
uecune
in
bonds
purchase and
oi
if
interest)
interest
date
passes
date
1,1
debenture
amount
from
company
tne
of
unpaid
oi
that,
District
S.
u.
oeoenture
amount
their
of purchase
is limited
excess
the date of purchase
approved by order oi the Commission and enforced
tne
holders
accrued
it may
to pay an amount
such
but
accrue from
estimates
estimates
now
bonds is
bonds,
may
surrender
to
to date
order oi
require
debenture
which
company
Interest accrued
Company
the
interest
the
date
an
of
spent for tne purpose."-' Company has spent approximately
of
excess
by
by orders
leaving approximately $2,698,000 available under the orders
the amount of
to
authorized,
is
company
purpose.
uebenture
When
the
purcnase.
it will
broker,
a
aiso
tne broker tne customary commission.
pay
advantages
pursuant
the
to
tnis
to
holder
ofler
of
of
debenture
a
tne
company
bond
who
that
are
sells
his
he
wili
(a)
receive at the time of saie approximately the same amount of money
that he would
receive
if
he
his
retained
the
to
plan,
aadmonai
lb)
he
mcmue
July or
oi
will
penou
to
214%
be
tax
The
than
tax
if
to
tne
made
and
interest
accrued
is
saie
and
money
1944,
1,
Dec.
and
par
considered
received
capital
Federal
the
as
gain,
amount
same
for
for
computation
on
the
011
in
to
third
the
of
in
income
the
gain
usual
and
is
receive:
(c >
the
the.'
date
week
of
purposes
and
not
case,
was
will, in the
tax
bond
oeoenture
capital
will
a
thus*
ordinary
-
substantially
»
as
ordinary income. '
these two issues who wishes to
the company, 2 Rector
debenture bonds of
holder of
Any
be
he
price
the
into
lowei
tne
addition
counsel,
the
of
pare
entei
during
in
it
1944, pursuant
1,
ratably reduced amount if the sale is made later,
a
opinion
immediately reinvest his
can
and
bond
debenture
paid tnreafter at par and accrued interest about Dec.
debenture bonds may make an offer to
York 6, New York, specifying the principal amount and the
price, or he may make such offer through his own bank or broker.
The acceptance of offers made to the company shall be solely in its<
discretion.—V. 160, p. 322. :v
New
St.,
Bond Indebtedness
has notified the Boston Stock Exchange that it has
reduced by a iurther $248,300 the outstanding amount of its 3%. bond
issue of 1956, leaving outstanding $186,479,700.—V.
160, p. 322.
The
company
-
'
,V
11.:
,
:
ij
4
•.
•.
-
.
/
?
v
-
Electric Co., Inc.—Output-^
of the electric properties of this company for the
July 22, 1944. totaled 82,451,000 kwh., an increase of
output of 80,103,000 kwh. for the corresponding week.
Of 1943.—V. 160, p. 322.
output
ending
2.93%
the
over
stock
—-—
over
J
Balance
Dividends
—
on
preferred
1944
ry.
85,584
41,777
57,666
29,330
Gross
1,853
—■
"$2,395,937 $22,567,462
$20,171,526
ry.
—V.
"Deficit.
567.542
211,439
299,920
Inc.—Awarded Third "E"—
Argus,
$19,791,024
564,763
442,954
J60, p. 2.
205,465
stock.1
carried to balance sheet
851,317
327,998
income—
oper.
2,925,324
660.444
railway
from
Net
The
corporation on July 25
announced that the men and women
Optical Division have received for the third
Production Award.
The first "E" was won July
their
Sheet,
June
30,
1944
Assets—Cash, $1,152,309; account receivable for securities sold—not
$4,364; accounts and dividends receivable and interest ac¬
$25,694; general market securities, at market quotations, $12,957,307; investments in securities of subsidiary companies, $10,508,318;
Dec.
on
2,239,563f
2,516,325
2,898,678
railway
from
Net
$175,036
——
Special dividend of 15c per share on common
Balance
71.420
From Jan. 1—-
stock-
Balance, June 30, 1944,
93,259
$410,195
125.264:
$410,546
116,186
income—
oper.
1941
1942
$467,032
railway—;
from
Net
1943
$460,593
railway
from
Net
151,295
re¬
RR.—Earnings-
Ann Arbor
June—
Gross
total, $24,647,991.
..'O-.V'.•
29,313,865
67,000
...
16,845,300
1
25,706,010
11,
1943—V.
159,
p.
2074.
of
time the Army-Navy
14, 1943, the second
> '
'
taxes Crl,684,530 02,500,000
2,000,000
,
5,591,832
2,026,150
paid
1,198,800
S5.95
$5.05
administrative,
selling
and
__
reserve
for
Federal
payable,
income
accrued expenses and taxes, $47,929;
$16,375; capital stock, $302,933;
taxes,
surplus, $19,791,024; unrealized appreciation (net)
securities, $4,489,730; total, $24,647,991.—V. 159, p.
5,161,130
506,537
__
**$12.09
general expense,
$5.23
but
before
of earnings fcr the year ended April 30,
of earnings for the year ended April'30, 1943.
UDividends on preferred stock paid during the year: $3.50 per share
out of earnings for the year ended April 30, 1942; $5.25 per share out
of the earnings for the year ended April 30,
1941, this completing
Newark, Nr J.—Extra Div.—
share and the usual semi¬
annual dividend
of 25 cents
have been declared on the
capital stock, both payable Oct. 2 to holders of record Sept. 1.
Like
amounts were paid on April 1, last, and on April 1 and Oct. 1. 1943.—
American Insurance Co.,
An
V.
extra
159,
p.
dividend
of
five
cents per
per share
dividend lor that year; and additionally
State
Net
Other
and
&
Light
Co.—Company
Explains
in a letter dated July 13, to
bonds, states:
The
ture
company
^
is under an order of dissolution of the SEC dated Aug.
which was affirmed by the U. S. Circuit Court of Appeals
for the First Circuit on March 17, 1944.
Company has applied to the
Company
22,
1942,
—
—
taxes
local
taxes
—
income
deductions
21,151
27,500
45,879
8,202
28,189
$310,243
83,293
22,842
27,500
36,256
7,649
26,927
income
fund
,t
requirement
■
$117,380
930
operating revenues
income, net
•Sinking
the holders of the deben¬
——
taxes
.
—
$105,775
717.
$118,310
25,484
$106,492
27,364
$92,826
$79,128
92,826
79,128
♦Sinking fund requirements are appropriated from net income to
the extent available and are a prior charge to the declaration and
payment of any dividends.
It is estimated that the sinking fund
requirements for the year 1944 will be $122,231.—V. 160, p. 2.
Net
Plan for/Purchase of Debentures—
$347,646
99,346
—
depreciation, renewals & replace.
income
Other Federal
Income
Power
—;
for
Provision
Gross
729.
American
out
Maintenance
•
1943
1944. i
Months Ended June 30—•
Operating revenues
Operating expense
Federal
1942; $3.50 per share out
the payment of the full 7%
of general market
2185.
5,500,000
9,275,377
112,616.628
599,400 *
Arizona Power Corp.—Earnings—
6
Liabilities—Accounts
(est.)
share
and
Unless the dissolution order is held invalid
the SEC dated
Feb. 22,
1^43, Aug. r0,
1943, Dec. 9, 1943, and April 18, 1944, to
purchase debenture bonds of both issues to and including Aug.
10,
1944.
Company is authorized to employ in such purchaoe the un¬
expended portion of $10,000,000 heretofore authorized by the Com¬
week
Total
——:—
169,879
and held in treasury
Oc per share par val. thereof
7,356,057
paid—
per
Meanwhile
Power
Capital
Surplus
purchased
2,127,927
depreciation arid amortization,
tlncluding possible tax and other
adjustments. JAs reported.
^Dividends on preferred stock paid during
the year: $7 per share out of earnings for the year ended April 30,
1936; $1.29 per share out of earnings for the year ended April 30,
1938; .$3.50
from
accrue
American Water Works &
"$2,717,110 $22,569,315 $19,852,205
statement of inc. & exps
from
Excess
9,193,697
share
divs.
Earnings
to
tne u. ss. bupreme Court, tne oner of tne company to
such debenture oonds will, or course, not become efiective.j
1941
(after charg¬
1943
53,282,939
5,055,718
§4,425,690
599,400
divs.
Months Ended June 30,
to capital surplus dividends
aggregating $1,490,658.36)
Net profit on sales of securities for
the six months end. June 30, 1944
Excess of income over expenses for
the 6 months end. June 30, 1944,
2,168,892
earnings
Common
31,
bonds
provided in the plan.
by
ing
32,430,621
ex-
t'Prov. for contingencies
Preferred
Dec.
to orders of the Commission and the Court, by
delivering debenture bonds of the same series upon pay¬
company
of the principal amount thereof, interest on
the
debenture
all as
and thereafter the dissolution order
by the U. 8. Supreme Court, the company will, at the
holders, reinstate debenture bonds paid at par under
the
and
to
such
in
ordered paid,
are
pursuant
plan
^
2,267,000
profits tax
Post-war
invaiid
of
is contesting the validity of the dissolution
the plan tnat if, pursuant to the plan, the
company
provided
bonds
American Tel. & Tel. Co.—Reduces
$265,101
Undistributed
*Bal„
the
to
33,823
crued,
nor¬
tax
Federal
the
ment
*
23,019,602
etc.
Federal
income
giving effect
connection with
The company believes
debenture bonds and
debenture bonds' should
the
delivered,
before
earnings,
$342,358
37,146
20,926
9,539
$240,824
to results of security transactions.
tNet in¬
a former agreement with Pantepec Oil- Co. of
Statement of Surplus Six
92,074
retir.—
prop.
is held
election
Venezuela, C. A.
155,124
royalties...
Loss
on
in
■
$151,295
•Excess of income over expenses"Without
■
46,773
46,773
22,852
22,852
4,554
10,404
45,662
come
is
it
sell his
$349,684
$235,105
—
Corporate expenses
Income
S
67,192,012
53,424,854
dividends
Interest
Interest
income
Total
the
fSince
debenture
22,726
101,428
Commission,
provided
305,512
11,293
———
—
Account
1944
1943
$1942
$
$
$ .
218,834,836 289,275,689 216,336,568
oper.—
Income
Total
Consolidated
———
Other income,
219,139
4,480
Profits and
amortiz.—
patterns,
and
Deprec.
-
goods sold
of
"Cost
206,543
the
of
Court.
income.
$14,120
decisions
payment
by
accrued
accordingly
wnich
$17,824
Management expenses
liquid condition of your company
no reason to fear any change
190,743.658 250,736,879 158,138,624
less discts.
sales,
retired
interest
baie,
$24,083
Utility Equities Corp.—
Cash divs. on stocks of other corp's
Interest earned on bonds—
gold debentures, American
Light Co. 6% debs.'Series A
no
call premium, as
&
Power
Commission's
of the 'principal amount thereof and' unpaid
date
of
payment,
and the company
has
in the plan for the payment of that amount.
Before tne plan can be operative, hearings must be held and it must
be found fair and equitable by the Commission and the U. S. District
be
01
associated
of
stock
on
company,
"
Comparative
Years Ended
Gross
cliv.
decisions
the
under
June 30,
1942
the
such, is payable upon such retirement of bonds.
under
the circumstances relating to these
received
1943
in
step
necessary
one
Light Co.
&
Southwestern
Under
amount
Ended June 30
Power
American
and
preferred
share.
since
and
order
.that
bona
Corp.—Semi-Annual Report— y
The report Ifor the six months ended June 30, 1944, shows net assets
as of that date equivalent to $148.09 per share of convertible preferred
stock (preference in liquidation $50 per share and accrued dividends)
Cash
the problems that will confront us with the coming of
peace.
The stockholders may be assured that there has been, and
will be, no relaxation of effort in that regard, a separate department
j.n your company—that of research and development—having been set
up for the sole purpose of studying such problems and finding their
solution, and so maintaining the outstanding position your company
has always occupied in its particular field of endeavor.
"With no fixed debt, with no bank or other loans outstanding, and
with resources ample to meet all its obligations whether present or
viz.;
series
The
American General
dissolution
an
(assumed).
113.
160, P,
1944
to
given
Inc.—Accrued .Divs.
,
accompanying the report
to the fact that due
letter
the
"In
reference
in
Foreign Power Co.,
possible.
extent
6%
thereafter
directors have
The
in the
mind,
in
booked).
1944—6 Mos.-—1943
$7,837,691 $6,217,317
2074.
American &
of the war have come, naturally,
implements needed for its waging. Implements suited
for operations, purely or largely defensive, differ from those needed
when the offensive is undertaken,
and our country and its Allies
are
now
everywhere on the offensive.
While therefore, there-have
been
some
'cut-backs' in your company's scheduled deliveries of
certain materiel, this in considerable part has been compensated for
by increases in and additions to other schedules. It must be borne
the
"With
changes
(Orders
Sales
—V. 159, p.
and time.
changing character
space
issues,
times
1944—3 Mos.—1943
$3,959,594 $2,731,323
Period End. June 30-r
of
validity
effect.
the
of
raising
Appeals,
and"
order of dissolution of a company is discharge of its
debt, the company has felt obligated to file, and has filed, with the
Commission a plan for retirement of the debenture bonds of the two
tne
such
of
duction
view
Iri
carrying out
bonds
Subs.)—Sales Again Rise
Court
remains in
^ago,
pay
1.
Corp., .below.—V. 160, p.
American Colortype Co. (&
of company, as a maker
equipment and supplies,
need for
Government's
possible.
is also
Foundry Motors Co.—Merger—
American Car &
continued
have
constitutionality
the
such contracts
such
of
result
Department with this com¬
for 100 hospital cars to be placed in service as soon as
They are to be built at the St. Charles, Mo., plant which
reconverting 118 of the old hospital cars.—V. 160, p. 321.
pany
of plant facilities.
fiscal year ended
the same questions regarding
the dissolution order as were
raised in
the lower. Court.
The application cannot be granted nor
the appeal argued until fall.
In the meantime, and unless hereafter
reversed, the dissolution order, which was entered almost two years
of
Circuit
the
-debenture
From War Department—
recently placed by the War
order was
An
-
——
Order Received
concluded in
April 30, 1943, was
for renegotiations of
.
—
Total
Hardy, Chairman, shows net earnings of $5,591,832,
alter all charges
including interest, depreciation, amortization, pro¬
vision for estimated income and excess profits taxes.
This compares
with net earnings of $5,055,719
reported for the fiscal year ended
•
3l 135,283
34,700,964
surplus
Earned
wholly-owned subsid¬
made public July 22
review the decision of
Supr«me Court for a writ of certiorari to
S.
the
issuing
Liabilities—
American Cable &
U.
order,
companies
Operations Manager, has been elected Assistant
operations and Willis G. Lipscomb, General Traffic
Manager, has been elected Assistant Vice-President of traffic.
These
two men have been associated with American Airlines since its organi¬
zation as American Airways in
1930 and prior to that they were
associated with its predecessor companies.—V. 160, p. 217.
Miller,
Vice-President
securities
of
Securities
.
.
insurance, etc
(less reserve)
affiliated companies (less res.)—
taxes,
Miscellaneous
American
positions for
responsible executive traffic
served in
have
and
Ainines
Prepaid
'• y?.,f ^
,■.
...
deposits (U. S. Gov. contracts)
Spec, restricted
,-wy.-y
Regional Vice-Presidents are pioneers with
f•'*i-'
'*
for materials
vendors
to
-payments
contracted for
Advance
Central Region, Chicago, and W. N. Bump,
New England
Region, Boston.
These new offices combine American
Airlines Traffic Department with the work of route development for
Wor^h;
Fort
18,553,785
2,447,204
36,834,969 43,078,272,
V\197,381 - 281,656 2,013,760
1,643,504
6,054,730 21,679,088
343,613
430,945
180,043
173,772
60i,519
274,563
4,184,530
2,500,000
20,615,864
1,523,763
(less reserve)
receivable
Notes
73,619,110
57,172,231
Inventories
Regional Vice-Presidents has been announced
by A. N. Kemp, President.
The new officials are A. R. Bone, Jr.,
Western Region, Los Angeles; M. D. Miller, Southern Region, Dahasfour
of
election
The
J
*
(less reserve).—.
Accounts receivable
Inc.—Officials Promoted—
American Airlines,
*
24,612,257
19,719,039
andr
at cost—\—
treasury tax notes
'
19,041,126
19,031,403
————
-
hand.,..
——
bonds, treasury bills
on
Government
S.
U.
$
7,689,051 —7,674,901
34,024,309 38,492,047
improvements—i.—
equipment
"Buildings, machinery and
Cash in banks and
1943
$
-
■
and
Land
$211,426
$0.49
$9.//
dividends.—V. 160,
is an
there
which
V
-•'i
44J™
share
—
—
'
accumulation of unpaid
•Earnings per common
•On
$243,485
per
30,
laannn
184,000
48,000
741,222
64,500
,
'«•
—
nrofit
Net
share "carry-over" from earnings of fiscal years ended
1937, and April 30, 1938.
**Because of renegotiation of
Government contracts, this amount has been adjusted to $7.28 a share.
$0.29
April
Inc.—Earnings—
Monday, July 31, 1944
COMMERCIAL & FINANCIAL CHRONICLE
THE
426
Volume
trustee
Associated Gas & Electric Co.—Weekly Output—
The
Associated Gas & Electric
trustees of
ended
July
Electric
21,
units, or
4,583,111
ago.—V.
160,
electric output. of the Associated Gas &
units tkwh.).
This is an increase of
3.9%, above production of 118,967,013 units a year
123,550,124
322.
p.
Atchison, Topeka & Santa Fe Railway—Earnings—
& Santa Fe. Ry.
(Includes Gulf Colorado
and Panhandle &
Santa Fe Ry.)
1944—Month—1943
Period End. June 30—
Railway
oper.
? Railway
tax
debits
Other
6%
"Railway
.
4,561-,678
24,793,122
8,218,853
-
30,847,"749
1944, include $12,666,000
for month of June,
accruals
tax
and
income
profits
excess
In 1943.—V. 160, p. 114.
This
capital
compares
share
Dec.
on
Of $4 per
Distribution—
share on Dec. 31, 1931;—V. 160, p. 322.
•
of 61-
Mr. Delano was also President of the
the
the
the
board
the Clinchfield
of
RR.,
Tampa Southern RR., Chairman
and an officer of numerous sub¬
Atlantic Macaroni Co.,
of $1
dividend
extra
An
dividend
share and the usual.quarterly
per
this
amount
of
year
each
$1
Atlantic Refining Co.
profit after interest,
common
to
159,
<■
Passenger
28,082,735
Ry.
?
oper.
oper.
revenue
1,073,755.
5,532,860
6,612,418"
equipment
498,083
;
•
V
:
from
facil.. rents,
net—-a.
Net ry. oper.
53,989,965
8,791,888
51,475,825
59,265,218
3,432,649
589,760
24,203,054
3,412,465
21,154,660
3,025,580
137,813
138,194
950,531
883,271
8,777,322
266,603
1,546,775
4,020,665
Amt.
^
>.
22,909,775
3,440,912
34,201,707
3,686.336
26,350,687
97,216
5,681,449
130,627
2,471,209
498,136
13,784,558
37,888,043
795,866
15,278,797
3,079,613
12,067,993
21,813,380
2,495,021
Bangor & Aroostook Railroad—Earnings—
Period End. June 30—
$712,060
$465,080
$764,481
stock
294,799
294,799
294,799
393,060
363,060
393,060
$1.61
$1.81
$1.18
Earns, per
shr.
shs.
1944—Month—1943
$399,936
374,896
1944—6 Mos.—1943
$5,082,886
$4,419,795
3,057,862
2,600,047
1,290,482
857,473
oper.
revenues
$567,312
Railway
oper.
expenses
463,849
Railway tax accruals—
111,968
38,916
*$8,505
*$13,876
$734,542
$962,275
-
39,718
48,301
98,960
income
$31,213
$34,425
$833,502
2,298
3,006
16,732
Net
oper.
ry.
income
on
(net)
taxes
from
Fixed
charges
47,397
51,930
Net
income
*$13,886
*$14,499
$561,370
$33,511
charges
$1,275,619
1944
p.
$3.57
Net sales
Cost
693,979
633,801
211,701
8,107,467
490,992
160,
p.
$37,431
$1,080,034
314,602
$765,432
193,635
1,695,840
8,850,217
4,301,569
3,440,093
9,530,534
3,156,218
1,579,684
for
redemption
debentures,
Net Billings Show Decline
and
for the second quarter
to $1.71 a share
period net income
six
the
Net
for
months
with
billings
the
3.
-
net
on
1944, amounted to $6,733,843,
stock outstanding.
In the like
or $1.67 a common share.
of
common
was
ended
Period End. JOne 30—
.
$721,937
212,071
207,221
for
Prov.
Fed.
&
$1,497,749
423,595
43,819
36,701
82,069
72,978
109,666
218,806
219,311
83,168
depreciation-
78,979
163,184
157,958
1
taxes
inc.
$1,575,415
436,330
109,303
Maintenance
General
1944—6 Mos.—1943
1944—3 MOS.—1943
$759,711
revenues
six
$923,129,548
June
30
net
totaled
income
for the respective
1943 periods.—V.
160, p. 323.
taxes
118,486
—
92,312
278,881
Other
$192,865
$197,069
$396,146
434
2,177
L>rl,311
$199,246
$394,835
143,799
$408,769
net
income
.
69,686
Interest charges
$123,613
stock
79,941
159,33?
76,448 "
div.___
$119,305
$251,036
76,448
$249,434
152,897
152,897
*
47,164
•f
160,
p.
42,856
98,139
$0.19
$0.45
$0.44
six
(H. C.)
by the
tinder
to
•
the
$1,902,079
13,497.
6,781
12,589
$4,582,875'
2,234,281'
$2,551,582
$1,914,668
1,689,860
1,418,590
$2,348,594
$861,722
$496,078
19,374
17,240
4,828
$878,962
$500,906
2,458,504
.•'•/V
/
in¬
&
in
1942,
89,627
$545,454
30,000
$350,924
> 30,000
$231,764
22,500
for
to
74,231
depreciation (including amortization of defense
$100,426 in 1944, $92,649 in 1943 and $84,169
and is included in the above earnings statement.
months
*$96,593
199,161
$0.39
hand and
on
on
U. S. Treas¬
doubtful
$42,194), $1,373,520;
inventories, $5,731,669; accrued
storage, claims, deposits, etc., $119,982; accounts receivable, officers
and employees, $7,740;
livestock, at cost, $33,540; notes receivable,
trade (with collateral), $5,169; cash surrender value of life insurance,of
post-war
$152,418;
and
Federal
of
profits
excess
$227,200;
tax,
other
total.
>
refund
buildings and equipment (net), $1,649 185; prepaid insurance,
deferred charges, $184,341; brands and trade-marks, $1;
land,
$13,015,238.
payable,
note
Liabilities—Mortgage
due
within
$10,000;
year,
a
payable, trade and miscellaneous, $340,858; eccrued
sation, commissions, taxes, interest, etc., $351,986; provisions
eral
,
and
taxes
State
on
income,
customers'
$3,625,467;
compen¬
for Fed¬
deposits
stock
stock
1950. inclusive, $165,000; $5 prior preferred cumulative
17,384% shares), $1,738,440; $6 preferred cumulative
outstanding 513 shares), $51,300; common stock ($1
$294,487; capital surplus, $412,264; earned surplus, $2,843,182;
$13,015,238—V. 159, p. 3.
V
*
1946 to
(no
par,
(no
par,
par)/
total,
"•
v
Buda Co., Harvey,
The
on'
$182,255; notes payable, banks,
mortgage notes payable, maturing $33,000 each on July 15,-
purchased for their account,
materials
$3,000,000;
directors
on
July
111.—Extra Distribution—
11
declared
an
dividend
extra
cents
of 20
share and a regular dividend of 20 cents per share on the common
stock, par $12.50, both payable July 27 to holders of record July 18.
A distribution of 20 cents per share was made on May 31, last, and
one of
40 cents on March 6, 1944.
In 1943, the following payments
were
made:
March 5 and June 4, 20 cents each; and July 26, 40
per
cents.—V.
1
157, p. 779.
-
'
.
V'.':
V
Buffalo, Niagara & Eastern Power
Walter J. Thompson,
Relations
Public
of
$0.77
159,
June 3, 1944, net profit was $310,712,
share.
Federal taxes for this period aggre¬
1755.
p.
$1.25 per share has been
7%
cumulative
first
declared on account of accu¬
preferred stock, par $100,'
$1 each
quarter
during 1943.
Arrearages as of Aug. 1, 1944, after giving effect to the
dividend just declared, will amount to $62 per share.—V. 159, p. 1142.
payable Aug. 15 to holders of record July 31.
Distribu'ions of
were
made on Feb. :i5 and May 15, this year, and in each
160,
Bulova Watch
ended
common
the
1944
demand deposits, $3,450,472;
certificates, $80,000; receivables, trade (less allowance for
receivables
*$208,381
$0.31 "•
Bohack Co., Inc.—Accumulated Dividend—
A dividend of
Sheet, April 30,
Consolidated Balance
ury
179,515
211,038
317,000
stock„__
Assets—Cash
.
*
266,015
1,556,500
$1,073,809
;
amounted
:
251,572
2,938,411
etc.—
pfd.
on
$2,367,969'
$4,263,792
profit
facilities)
62,396
Bohn Aluminum & Brass
-
.
V. '♦;*: I *
''.V■'/
•
'■
Corp.—New V.-P.—
Manager of the advertising bureau and Director
this corporation, has been elected a Vice-
for
p.
115.
Co.—New Director, etc.—
meeting of stockholders
three months ended June 30,
continued at a high level.
Earn¬
ings were estimated at around the net profit of $536,654,-or $1.65 a
share on 324.881 shares of no par capital stock, reported for the like
Arde Bulova,
Chairman, following the annual
July 25, stated that operations in the
on
quarter of the fiscal year,
first
quarter last
The
year.stockholders
effective
as
of April
adopted
1,
a
pension
*
plan for employees to become
1
1943.
Henshel has been elected a director.
Harry D. Henshel,;
of the corporation and a director, is at present on leave
with the U. S. armed forces.—-V. 160. p. 323..
Emily
B.
Secretary
Corp.—Secondary Offering-
Co. and~A; C. Allyn & Co. on July 24
made.a secondary offering of 10,000 shares of common
stock (par $5).
The offering was priced at $5014 per
share with a concession to dealers of 90 cents a share.
Central Republic
3.
(Ludwig) Baumann & Co.—Subs. Seeks Tenders—
Pursuant
Net
the
mulations
8,657,297
$2,544,802
.
sh.
shares)
(217,216
^-V.
com.
per
96,53?
$0.21
Balance
Balance
1
-
income
Net
preferred
"$111,457
tax
—.
gated $212,385.—V.
-
Gross income
'42
$469,938
5,005
$193,299
income-
oper.
77,749
56,421
Federal income
equal to $1.15 a
Net
Subs.)—Earn¬
$232,712
61,032
75,088
$245,627
profit
the
1941
$4,569,378*
~ $4,237,187
26,605.
1
allowed
paid,
President.—V.
For
,
30
1942
1943
1944
V
Earnings per common sh$re>—_
220,143
$403,764
(&
*
Net
Years Ended April
Account,
July 1, '44 July 3, '43 June 27,
Operating profit
profits
exc.
Blumenthal & Co.," Inc.
Depreciation reserve
for
'
14,962,162
Income, etc., taxes, est.
$13,166,381,
profit of $12,842,903 in the first half of 1943.
for the June quarter amounted to $471,368,482
months totaled
$920,621,055, against $490,414,390
Quarter Ended—
Provision
Corp.—Earnings—
$8,095,550
6,193,471
exps.
profit
income
Discount
$6,614,210,
(sales)
(Sidney)
ings-
'
always
$6,695,691
accounts
Grace,
call
compared
not
204,980
on
credits
Gross
Divs.
President, announced that the board intends on
all of the company's $23,871,000 of
due Oct. 1, 1952, and to call for re¬
demption on Sept. 1 the company's two outstanding issues of serial
debentures
aggregating $36,000,000 principal amount which mature
at the rate of $6,000,000 annually 1945 to 1960, inclusive.
and
Bangor Hydro-Electric Co.—Earnings—
Operating
Operation
Income
terest
convertible
profit
is
16,115,253
profit
Operating
"
Net
it
$6,490,711
sales
profit
Sell., adm. & gen-,
,
equal
reasons
$22,605,964 $19,531,540 $11,202,098
——_
Gross
1942
Q
'1941
'
$2,412,905* $2,224,770
1,395,918'
1,415,991
446,398
1,079,662
$2,048,329
8,987,706
1,470,989
income
4.
G.
Income
Sales
Other operating income
"
"Loss.—V.
of
Gross
Corp.—$60,000,000 Debentures Placed
Privately As Refunding Step.—The directors of the cor¬
poration at their quarterly meeting July 27, authorized
the issuance and sale of $60,000,000 of one to eight year
debentures for refunding purposes. The new issue will
mature in equal annual installments of $7,500,000 and
will bear interest at varying rates which average 2%
over the* life of. the issue.
The debentures have been
sold through Kuhn, Loeb & Co., Smith, Barney & Co.
and Mellon Securities Corp. as agents for Bethlehem on
a private placement basis. The issue will be made under
a trust indenture, with the Chase National Bank as trus¬
to
&
possible.
as
Consolidated
Bethlehem Steel
Eugene
Car
(Previously named The Brown-Forman Distillery Co.)
$1,561,491
$2.92
1943
$2,261,676
936,894
railway
160,
mechanical
for the period
railway
oper.
American
the
of
to arrange
companies in exact alphabetical
However, they are always as near alphabetical
position
From Jan. 1—
For
$850,234
288,864
fixed
See
*
Income
oper.
and
company
-
"
from
this
of
Co. on July 26 approved a merger of the two com¬
consolidated corporation to be known as ACF-Brill Motors
details in V. 160, p. 4.
NOTE-—For
Lake Erie RR. —Earnings—
&
I
$1,067,889
12,145
.
.
Brown-Forman Distillers
'
$3.03
$2.90-
'
from
2
developments take place, Briggs 1944
or exceed, its record 1943 year."—
to,
Motors
1941
1942
t$l,325,0*28
*
for
available
Income
1943
437,-
-
June—
3 V2 (/c
times the total for
turrets were at a rata
seven
fire-power
stock
com.
Bessemer
Oct.
were
year,
Corp.—Merger Plan Approved—
stockholders
possible
include Federal normal and sur¬
and excess profits taxes
$2,690,000 in 1944 and $2,005,000 in 1943, a total of $3,230,000 in
1944 and $2,605,000 in 1943, based on the Revenue Act, which com¬
pares with similar taxes for the same period of 1942 of $2,356,000.—V. 159, p. 1755.
ry.
this
aircraft
year.
"
order.
of
1943
<
Co.
taxes of $540,000 in 1944 and $600,000 in 1943
Net
of
of.
last
estim.
105,614
,
*
Other
1944
$1,267,403
profit after
Fed! taxes J
Net
,
sh. of
per
stock
Mos. End June 30—
Gross
. -
greater
panies, the
6,990
tee.
Railway
Railway oper. income
Rent income
(net)
Brill
The
reported, in 1941.
The revised net profit for "this period is
$693,545, equivalent to $1.75 per common share.
JAs reported in 1942.
The revised net profit is $547,974, equal to $1.39 a share on common
stock.—V. 159, p. 1755.
v
months
219.
$1.93
earned
Gross
was-26,401 people.
393,060
common
"*6
since
twice that of
p.
greater than
This is 48 %
women.
294,799
stk. ouistdg._
year
1944, shipments of airframe sections, by
very extraordinary
business should be equal
war
329,998.
$634,594
the same
monthly rates than during any
the war began.
Production of tank hulls was
1943 rate.
Deliveries of auxiliary gas tanks, for
shipments
and
tAs
,
17,575
considerably
Note—Provision
322.
p.
467,168
com.
on
at
five
Foundry
—V.
______
160,
840,290
______
ry.
2,276,450
./
739,970
In
$1,109,690
15,211
Net
2,730,155
663,601
4,868,687
inc.
30,076
32,593,076
495,450
1,050,164
from
$962,324
20,042
income
com.
almost
months of
equal to the
almost
53,947
$1,572,393
dollar volume of busi*
In 1943 it delivered
1942.
and Navy more than 22,500,000
compared with 7,000,000 the year
twice
as
many
bomber fire-power
1942 when Briggs payroll
months
first
the
$1,055,743
6,034
38,616,149
2,869,133
5,495,421
4,631.285
income
—V.
31,682
31,
were
almost
1,577
$1,380,597
Net
1,019,426
income
•
32,453
■
;
in
Army
as
"Unless
Total profit
19,469,950-
3,849,261
charges
Net
'
173,615,804
__
deduct,
j.'V/L
35,286
;'.y •''
divs.
28,295,733 189,743,529
27,229,999
3,805,448
income-
income
Total
.
$930,642
railway
from railway
ry.
Ry. tax accruals
Fixed
$1,539,940
other
Int..on notes pay. (net)
Provision -for
taxes on
5.681,883
5,758,550
915,477
5,205,414
725,748
expenses
operations
Misc.
2,878
$:• :V'
a
year.
delivered
the
in
21,737 were men and
V/T60,
1,518,566
9,918,236
operations
revenue
Other
3,116
U. ..S.
included
large
as
peacetime
hulls
sections,
the first five
Briggs,
-
1,815,365
63,176,882
1,994,652
4,380,889
10,585,388
337,273
Equip, rents, net
Jt.
146,831,088
24,291,082
17,703,933
1,819,937
1,880,334
758,619
Transportation
Net
83.769
91,750
86,286
twice
average
tank
the
to
airplane
This
Dec.
"In
and
of
as
which
on
income
tThe estimated
%
1944—6 Mos.—1943
243,699
34,242,877
revenues
Traffic
:
rental,
(par-$20)
324,635
Maint.
General
1,343,006
$1,345,311
misc
524
3,302,739
301,124
Maint. of way & struct.
of
$0.70
23,509,183 156,058,595
325,089
1,
revenue
Miscell.
and
$1,576,635
$0.90
Earnings—
4,460,174
revenue
revenue
other
$2,691,810
$7,526,000
$2.71
p. 1966.
1944—Month—1943
Freight revenue
All
1,375,212
an
•
cigar
licenses
Net
(The) Baltimore & Ohio RR.
Express
1,194,916
rights
Discount,
'
Period End. June 30—
Mail
$2,484,095
3,155
of
cost
in
previous year.
Total shipments to date of airplane
by Briggs exceed 45,000,000 pounds.
•
"Earnings by Briggs hourly paid employees in 1943 averaged $3,159.
On Dec. 31,
1943 there were 39,312 peoole on the Briggs payroll, of
Beech Nut Packing Co.—Earnings—
1942.
1943
deprecia¬
share
renegotiation.—V.
per
"Subject
payments
extra
Dec. 23—bringing the
252.
1944
tion, taxes, etc
-
$2,400,482
73,863
of
machine
(& Subs.)—Earnings—
6 Months Ended June 30—
Earnings
three
to $4 per share.
In 1943,
made—on Aug. 2, Nov. 1 and
were
total last year to $7 per share.—V. 158, p.
*Net
$2,824,257
mobiles
did
number of
sections
for
deprec.
of
bldgs., equip. & auto¬
Amort,
....
.
.
.the company did
the
before.
admin.
expenses
.
Shs.
dividends
per
Aug.
.
it
as
double
turrets
$2,427,585
_
&
gen.
A
body
1943
ness
Prov.
Divs.
Inc.—$1 Extra Dividend—
share have' been declared on the common stock, both pay¬
1 to holders of record July 22.
With the two quarterly
of $1 each paid on Feb. 15 and May 1, payments so far'
$1
"In
k
U941
$1942
1943
on
15.
In 1943, the
company said in part;
this company is the nation's largest independent
manufacturer.
In the war Briggs is devoting its
peacetime skill to making bodies and parts for medium tanks and
aircraft; also, bomber turrets, droppable gas tanks and. non-ferrous
castings.
•
c
"Briggs war orders total approximately $1,000,000,000."- - ■ ;.
automobile
Briggs-delivered
1,005,256
profit
paid on March 1 and June 1, this year.
was
"During peacetime,
1944,
1944
Net profit
Divs. on 7% 1st pfd. stk.
V. 160, p. 3; V. 159, p. 2298.
able
1,
declared
Aug.
1 and Sept.
1943,
sidiary railroads. . He was a director of the Fruit Growers Express Co./
Holston Land Co., Inc., Pan' American Airways Corp., the Peninsular &
Occidental Steamship Co., and of the Railway Express Agency, Inc.—
of
Feb.
at
as
share has been
holders of record
;s"'V..v
per
to
1
Sept.
In an advertisement on July 22, the
i
f
*■
of
$114 per
2,
cents
40
Briggs Mfg. Co.—One Billion Dollars in War Orders—
;
declared on account of accumu¬
1943.
Arrearages
share.—V. 157, p. 518.
Profit
Lyman Delano. Chairman of the board of this company and of
& Nashville RR., died in New York, N. Y., on July 23. at
.
Aug.
of
payable
disbursed .interim dividends of 30 cents each on March 1,
1, and a final of 60 cents on Dec. 20.—V. 160, p. 323.
company
June
Bayuk Cigars, Inc. (& Subs.)—Earnings—
: patent
Louisville
age
and
1
6 Mos. End. June 30—
Atlantic Coast Line RR.—Obituary—
-
like amount
Continental
the
stock,
common
pounds
•
on
July 18 declared a dividend of $2.50 per share'
stock, payable Aug. 1 to holders of record July 25.
with $3 per share paid on Dec. 22, last, and $5 per
19,
1942.
The previous payment was a semi-annual
directors
the
the
dividend
interim
An
1942
preferred stock, par $100, payable Aug. 1 to holders
20.
A similar distribution was made on Feb. 1, last,
July
amounted to
Gross
Atlanta & West Point RR.—$2.50
The
15,
Tool Co.—Accumulated Dividend—
of $3 per share has been
Feb.
on
Selling,
on
Aug.
the 6%
on
record
and
with $11,272,000 in
they include $62,579,170
compared with $64,526,000
taxes
due
bonds,
.
For the six months ended June 30, 1944,
1943.
Federal
gold
reorganization
of
plan
Baush Machine &
A dividend
lations
income and excess profits taxes compared
Federal
said
Borden Co.—Interim Dividend of 40 Cents—
amounting to $25,002,
Brooklyn Building
Baumann
Ludwig
fund
Bank &
Trust Co. of New York, as successor trustee, 30 Broad St., N. Y. City,
will until Aug. 9, 1944, at 3 o'clock, receive written proposals stating
the bond numbers, for the sale and delivery to it as such trustee on
Aug. 15, 1944, of bonds of said issue in an amount'sufficient to exhaust
as nearly as
may be the funds available for the retirement of bonds
as required by said plan at not over par and accrued interest.
Interest
at the rate of 5 %
per annum will be paid on said bonds
through
Aug. 14,. 1944.—V. 159, p. 1442.
V
:
/i
..
r
of
Net' railway ,opef. inc.
'
to
Pursuant
of
sinking
funds
certain
plan
retirement
fee
19,778,352 144,039,180 113,175,868
75,260,816
76,514,084
Z>r608,686 Dr1,322,281 £>r2,321,345.
said
the
13,692,741
I)r405,783
credits
or
in
for
used
first
39,298,632 245,415,399 222,859,046
revenues
44,999,810
exps
25,226,873
accruals, 414,805,476
oper.
Railway
1944—6 Mos.—1943
designated
mortgage
(modified).
be
to
the week
Corp. report for
net
1944,
Group was
427
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4303
160:
provisions
of the
plan
of reorganization
Elbeco Realty Corp., a subsidiary, and
of Aug. 15, 1936, said corporation
date
proposed
declared operative by it
has deposited with the
-V. 160, p.
4.
"
Burroughs Adding Machine Co.—Dividend
Reduced—
dividend of 15 cents per share
on
the no par capital stock, payable Sept,"5 to holders of record
July 31/' Distributions of 20 cents each were made on March 4 and
June 5, last, while from March 5;'1942, to and including Dec. 4, 1943,
15 cents per share was paid each quarter.—V. 159, p. 1756.
The
directors
on
July 21 declared
a
Patent Office) William B. Dana Company, Publishers, 25 Spruce St., New York 7, N. Y., BEekman 3-3341. Herbert D. Seibert, Editor and Publisher:
Business; Manager.
Published twice a week Tevery Thursday (general news and advertising issue) with a statistical issue on Monday].
Other
offices: 135 S. La Salle St., Chicago 3, 111. (Telephone: State 0613); 1 Drapers' Gardens, London, E. C., England, c/o Edwards & Smith, Copyright 1944 by William B. Dana Company.
Reentered as secondclass matter February 25, 1942, at the post office at New York. N. Y., under the Act of March 3, 1879.
Subscriptions in United States and Possessions, $26.00 per year; in Dominion of Canada, $27.50 per
year; South and Central America, Spain, Mexico and Cuba, $29.50 per year; Great Britain, Continental Europe (except Spain), Asia, Australia and Africa, $31.00 per year.
NOTE: On
of
ations in the rates of exchange, remittances for foreign subscriptions and advertisements must be made in'New York funds.
Commercial and Financial Chronicle (Reg. U. S.
William
Dana
Seibert, President; William D.
Riggs,
The
account
the fluctu*
Operating
1943
'
30-
12 Mos. Ended June
apportionment will be to the nearest l/20th of a
share of prior preference stock deposited.
No fractional shares of
prior preference stock will be issued by the company, but it will issue
In
lieu
thereof, scrip certificates representing rights in respect of
252,376
fractional shares.
JSw
be made only by the deposit of certificates for
preference stock with the depositary, Bankers Trust
Co., 16 Wall St., New York, N. Y.
The offer of exchange will expire at 3 p.m. (EWT) on Aug. 21, 1944,
and no deposits will be accepted by the depositary after 3 p.m. (EWT)
Net
Cr37,744
Maintenance
taxes
—044*770
—
depreciation
for
Acceptances
of
shares
operation—
earnings from
Net
Other
income
$1,375,809
11,106
—
corporate income
Gross
$1,280,306
13,264
-
630,442
Net
income
Dividends on
$529,750
208,502
208,502
preferred stock-
—V.
761,662
$558,630
—
——-
-
—
761662
115.
160, p.
Co^~Divs.—
cents per share and a dividend of 50 cents
declared on the common stock, par $5, both pay¬
able Sept, 11 to holders of record Aug. 25.
Similar payments were
made on March 15. this year.
In 1943 the company paid $1.50 on
Feb. 1 and $1 on Oct. 15.—V. 159. P- 635.
special dividend of 50
been
share have
July 20 paid a dividend of 17»/2 cents per share on
stock to holders of record July 10.
A similar
distribution was also made on Feb. 19. April 20, May 20 and June 20,
this year
as against 17 cents per share on Jan. 20, 1944, and in each
month during 1943.—V. 157, p. 1144 and 438/
The company
the
no
on
common
par
deposit of
of
shares
ratably
stock
not
1944-
the
and
theretofore
de¬
amount
in
—V.
expenses
respect
159, P. 2630.
-
Frank
Dr.
and Niagara—Obituary
of the Board, died on July 26 at
the age of 75.—V. 155, p. 1672.
Chairman
Tone,
J.
Niagara Falls, N. Y., at
be
Co.—$1.30 Distribution—
have declared
directors
The
dividend of
a
preferred stock represented by certificates of
able Sept, 15 to holders of record Aug.
15.
of $5.07 was paid early this year to holders of
of
dend
Sept. 15, a
profit from oper.__
Interest on funded debt
inc.
each
to
share of
725
837
243
270
19,373
39,479
68,850
41,019
6,235
■
tax
quarter
52,300
Cr8,560
.
all
of
$116,680
$92,748
•$79,048
$9,347
period from
from
from
ry.
rail
the
of
employe
department
accounting
Central
the
ry.
—V.
purchase
outright
Savannah
RR.
the
and
the Southwestern
of
Chattahoochee
&
Gulf
the Augusta &
RR.,
the
RR,
lines,
leased
the reorganized company issuing stock, cash
and securities to the present bondholders of the three companies.
Mr. Bidez estimated that the plan was designed to effect a decrease
of
63%
in
said
He
Jan.
Central
the
present
1944,
1,
of
Georgia's total debt, including unpaid interest.
debt, including unpaid interest accrued up to
$87,575,138.—V.
was
160,
p.
York
New
Power
be
with
filed
the bonds are
Public- Service
Commission.
Issue
and
sale
proposed
be
dated
Oct.
redeemable
either
in
issue will
be
prior to maturity, whether or not
will
be
will mature Oct. 1,
part on any date
1944,
interest payment
and
105,
on
before
or
Oct.
1,
1948,
at
1C4,
and
Interest
date.
the
3V2%
rejection,
the
3%%
series
and
on
Aug.
l
the
enure
$1,000,000
of
The effect of the proposed new financing, therefore, will be
redeem the balance of those issues then outstanding.—V. 160, p. 116.
Net
1944
from
from
ry.
railway™.,.
railway
295,219
221,831
Net
from
first
254,548
186,541
4,532,587
1,202,659
3,904,192
3,757,375
1,062,538
1,154,179
691,648
632,136
720,782
I
from
Net
160, P.
928,061
income
oper.
ry.
—V.
railway
373,043
5.
Products
Corp.—-To Issue Scrip Certifi¬
Exchange Plan—
cates Under
In connection with the offer of
the
to
The
holders
its 6%
but
of 6%
company
not
cumulative
in
cumulative
offers to
excess
exchange recently announced,
prior preference
the holders of 67,373
prior preference stock the
of,
18,733-shares of prior
stock
more
than
18,733
shares of
prior
a
It
stock
are
is
1968
are
at
1968
at
redeemable
now
the
and
105
105%.
that any new bonds to
expected
would be offered publicly through
Such
writers.
a
program
Weekly Output—
Edison group of companies,
for the week ended July
Electricity output of the Commonwealth
sales
showed
22
and
other
to
3.7%
a
Following
are
percentage
utilities,
electric
increase
corresponding
the
over
22
1943
% Inc.
185,662,000
187,279,000
167,479,000
186,326,000
8
July
;
—
-
1
—V.
160,
1943.
of
four weeks
1944
15
July
period
of the past
the kilowatthour output totals
comparisons with last year:
178,991,000
180,526,000
164,963,000
172,077,000
3.7
3.7
1.5
8.3
Week Ended—
July
324.
p.
equivalent to $4.98
totaled $1,830,004,
129,375
223,281
62,013
143,747
3,069,474
3,000,791
2,323,407
Income,
dividends
1,263,177
1,145,501
902,774
Interest
income
479,737
398,000
568,786
Co.
with
asset
values
June
net
share
30.
on
of
$4.53
share
a
of
Six Months
Account,
the
such
bondholders,
reorganization
4%,
4%
as
have
5%,
6%
bonds,
bonds,
bonds,
1966;
1956.
acceptance
its
and
first
608
Dearborn
should
made
be
still
its
on
debt
Jones
the
to
announced
owing $23,855,000 to
Government
July
the RFC.—V.
Secretary
leaves
agency,
This
25.
payment
160,
220.
p.
the
holders
the
to
It
company,
committee
definite
No
until
out,
Section
July
headed
of
by
the
respect
from
interested
to
Walter
John
letter
a
McKeekan,
parties.—V.
be
can
cash
is pointed
Finn,
embodying his recommendations
inviting proposals for such plans
p.
has
filed
his
under
report
Texas Pac. Ry.—Earns,
1942
1941
$2,972,864
1,353,800
$2,445,184
Net
from
Conde Nast Publications, Inc.—Earnings—
(And Domestic Subsidiaries)
362,335
Net
ry.
—V.
18,142,935
13,715,307
8,777,508
5,640,794
2,917,480
2,351,978
3,028,250
profit':
asked
of
deposited
of
dividend
Terminal
Interstate
proceeds,
3 Va%
The
to
together
with
first mortgage
bonds
new
bid
—V.
Co.
Plans
Commerce
authority to sell $24,000,000 2%%
the
of
have
159,
15
will
been
be
sold
to
Commission
1st mtge. bonds series
current
funds,
bonds series D at
sent
'■;'
at
to
106
redeem
banks
25
for
G and to use
a
like
and
dividend
par
of $1
per
share has been declared
1 to holders of
on
Feb.
this issue since Aug.
1943
1942
1941
$1,444,821
$2,393,577
$2,261,771
92,108
84,395
85,210
$1,536,929
322,170
$2,477,972
$2,346,981
288,233
275,658
§1,040,000
$555,000
*1,420,000
11900,000
$849,962
$659,759
$769,738
$1,171,324
621,500
621,500
621,500
621,500
$228,462
invitations
houses.
$38,259
$148,238
$549,824
1,390,000
1,243,000
1,243,000
1,243,000
$0.62
$0.94
1944
Period End. June 30—
charges
1,
on
the
common
record July
tShs.
stock,
"Before
*
1944—3 Mos.—1943
sive
$2,458,684
$0.67
$0.97
for
depletion
of
surtax and
discovered
excess
30,
$3,277,934
$5,172,956
$1.30
$2.05
>
cn
directors
share
and
on
receivable
increment.
for
the
six
-
24
an
extra
dividend
of
suspense,
months
20
stock
quarterly dividend of 30 cents per share
the capital stock, both payable Sept. 30 to holders of record Sept. 15;
Like amounts
were
in each quarter
paid
a
disbursed
on
March 31
....
and June 30,
this year, and
14' last,
during 1943.
It> addition the company on Dec.
year-end dividend of $1.20 per share.—V. 159, p. 2192.
Balance Sheet,
June 30,
1944
U. S. Government tax notes, $1,400,000;
municipal securities, $6,518,829; accounts,
for cash discounts and doubtful debts of
$2,255,961;
(less
reserve
.
$162,571;
other security investments, $705,589; treasury
shares common stock), $1,368,486; post-war refund of
profits tax, $168,000; fixed assets (net), $10,212,777;
trade-marks, patents, processes, etc., $1; deferred debits,
(147,000
$90,142;
cents
regular
for
tExclufor Federal
profits tax,
1942 Act.
tNo provision is required
$121,912), $1,901,828; accrued interest receivable, $28,174; other ac¬
counts
receivable, $195,595; inventories, $7,610,202; accident loss in
goodwill,
declared
under proposed
and $325,000
^Includes $111,000 for Federal excess
anticipated increase in Federal taxes.
^Includes
excess profits tax
(after deducting 558,000 for
refund).
Federal
July
for
taxes
treasury.
profits tax
Federal
for
Assets—Cash,
1943.
the
tax.
Federal
in
excess
U, S. Government, State and
Extra Distribution—
The
per
profits
$260,000
post-war
1944—6 Mos.—1943
profits taxes totaled $736,in the six months
$5,187,712
June
held
shares
of
for Federal
Consolidated
$1,685,492
income,
increase in
estimated
$0.53
$0.68
com.
$595,000
•
share.
provision
sh. on
$522,000
656 in three months ended June, 1944, and $1,461,033
ended June,
1944, as compared with
ended
^
out. (no par)
per
"Includes
1,
taxes—
com.
paid
com.
Earns,
This com¬
25.
last, uhich was the first dis¬
1940, when $1 per share was paid.
all
after
and
per
(est.)
Surplus
and
Earns,
in¬
State
Net income
Climax Molybdenum Co.—Earnings—
profit
and
come
'
$2,213,539
„
taxes
Federal
543.
p.
This
1943,
323,577
income
Dividends
with $2 per share paid
159,
the common
■/•/./■■''* /////• /////:'/■■'>;-///
value, payable Aug.
on
declared on
122,455
Depreciation
amount
investment
and
been
$2,091,084
income
Total
plus accrued interest.
competitive bidding,
leading
July
City Baking Co., Baltimore, Md.—$1 Dividend—
A
no
*$28,588
Nil
cents per share has
Operating profits
$24,000,000
2300.
p.
$308,557
$0.95
par
Other
the
52.000
$491,485
$1.46
-
Congoleum-Nairn, Inc. (& Subs.)—Earnings—
J
Company
87,813
448,075
u
taxes
$1, payable Aug. 8 to holders of record Julv 25.
with 25 cents paid on Feb. 7, last; 15 cents on Aug. 9,
and 25 cents on Feb. 1. 1943.—V. 159, p. 444.
4,512,009
2,518,243
Union
103,560
75,539
1,318,000
-
for Federal income and pxcess
6 Mos. End. June 30—
Cincinnati
$126,972
compares
10,688,074
7,861,787
Issue—
1942
1943
$844,445
Conduits National Co., Ltd.—15-Cent Distribution—
A
6.
p.
$1,885,024
Earnings per common share
"Loss.—V. 159, p. 1757.
545.767
19,105,211
income...
oper.
160,
1944
and equipment
ery
Prov.
819,585
515,094
Ended June 30—
profit before taxes and deprec.
Prov. for deprec. of bldgs., machin¬
Net
stock,
railway
treasury
$1,875,038
1,053,980
381,229
$3,101,722
railway.™
taxes, $313;
weekly
Net
1943
oper.
from
accrued
$2,754;
kilowatt hour output of electric energy of subsidiaries
corporation adjusted to show general business conditions of
served for the week ended July 20,
1944, amounted to
246,942,968 as compared with 238,040,004 for the corresponding week
in 1943, an increase of 8,902,964, or 3.74%.—V, 160, p. 324.
From Jan. 1—
Gross
payable,
$50;
dividends payable, $18,349; common capital
$367,026; paid-in surplus, $1,320,850; earned surplus,
this
profits
1,172,620
railway
railway
income™
from
ry.
(par $1),
Commonwealth & Southern Corp.—Weekly Output—
220.
1944
from
Balance Sheet, June 30, 1914
by
Act
and
160,
June—?
Gross
purchased,
The
of
Chairman.
it
45,250
interest receivable, $6,923; capital stock sold,
$5,027; investments in marketable securities, at cost,
total, $1,743,004.
'///£>
6 Months
formulated,
$41,384
28,587
$80,546;
Liabilities—Accounts
the
bondholders
to
$59,453
36,277
delivered,
stock
interest
with
reorganization of
mailed
5.548
$38,593
cash+____^
territory
X.
F.
Bankruptcy
reorganization
plan of
any
in
in
payment
upon
19
reorganization
trustee,
of
with
insist
payment in
stated
plan
the
167
will
of
date
was
$35,836
32,644
$33,662; total, $1,743,004.—V. 158, p. 1129.
Childs Co.—Committee Asks Cash PaymentDebenture
thereon
not
$1,650,508;
has paid the Reconstruction Finance Corp. $23,038,720,
Jesse
$26,809
14,174
_™i
declared,
.••••••
to
111.—
5,
income
Assets—Cash,
general
Chicago
St.,
$24,419
or
and Indianapolis & Louisville
Responses
South
$42,877
7,041
securities
Dividends
issues involved:
1947;
7,901
realized
gain
of marketable securs.
sale
and
approval
$34,710
8,474
realized irom sale of mar¬
ketable
Net
$38,265
4.612
;
from
kv
1942
$32,467
2,242
$32,893
-
1943
3,186
before
income
Net gain
their
for
may
The following are the
Treasurer,
interest,
road
Ended June 30
$29,707
Total
shares
Commerce
a
Dec.
on
1943.
Income
Seeks
—
by them to enable the Interstate Commerce
and B 6%
mortgage
including
market
share.
This compares
31, 1943, and $4.64 a
The net assets of the company on the basis of June 30, 1944,
values,
Chicago & North Western Ry.—Reduces RFC Loan—
letter
shares
right to exchange up to,
preference stock, on the
preference
of
of
Public Service
112,354
58,664
to
mortgage
The company
stated:
outstanding
basis of 20 shares of common stock for each share of prior preference
stock.
If
3J/2S
495,073
of
plan
Note—Federal
Certain-teed
to
operations for some time
financing
major
of
dispose
Edison's
The
1,416,102
submit
to
Mardorf,
"Net
4,380,459
wquld
come.
excess
270,815
200,311
58,077
railway
but
$473,103
District Court.
R.
—V.
From Jan. 1—
Gross
Co.—Refunding Plans Under
opinion of the management, not only add to the strength of the Com¬
monwealth Edison group of companies in meeting post-war conditions,
$690,096
$723,837
,
Edison
to a number of alternative plans for
the $98,000,000 of 3V2 % bonds of the
bonds of Public Service Co. of
Northern Illinois now in the hands of the public, Chairman Charles Y.
Freeman announced July 25.
Because of
the many features involved, the studies have not yet
reached a point
where a definite program can be determined, but
consummation this year of some
refunding program would, in the
1941
1942
$907,683
141,204
income
oper.
1943
$734,346
159,
below.—V.
Corp.
and the $80,000,000 of 3%
Expenses
such
tribution
Vermont Ry., Inc.—Earnings—
June—
Net
the date of
to
160, p. 220.
pares
Gross
Telegraph
refunding of all or part of
$463,404
income
Refunding
2%%
the
series.
Central
&
1944
mtge., ser. A 5%
series
or before July
1, 1947, at 104 V2, all with accrued interest.
Outstanding at present are $48,364,000 of 3%% bonds, $5,000,000
3Vz7o bonds and $1,000,000 2%%
general mortgage bonds due 1965.
The corporation called for redemption on Sept. 1, next, $3,364,000 of
on
to
Deben-
is being given
consideration
the
company
3,529,704
of bonds held
that of the
in
or
payable semi-annually.
Of the bonds which it is proposed to
the 3%% series are redeemable on or before Oct. 1, next,
refund,
at
an
1,
whole
Of
Corp.—Redemption
Telephone
Commonwealth
to
trustees are seeking names of the holders, their addresses and
amount
subject also to approval of the Securities and Exchange
and will
1974,
64,367
Consideration-
of
Commission.
The
627,012
125,003
1,268
2413.
$406,998
on
the
be credited
5.
p.
Net
July 21 petitioned the New York Public Service
Commission for authority to issue and sell $50,000,000 of its general
mortgage bonds for the purpose of redeeming $45,000,000 bonds, 3%%
series, due 19G2, and $5,000,000 of the 3series, due 1965.
The
rate of
interest of the proposed
issue, not to exceed 3%, and the
selling and redemption prices will be stated in a subsequent petition
to
International
See
p.
283,939
97,958
railway™.
oper.
Net
Debt—
corporation
53,414
38,063
Mackay
$639,207
railway._
160,
The
Of
Issuance
$50,000,000 General Mortgage Bonds To Refund Present
The
608,001
121,238
W000Jy'
Commercial
323.
Corp.—Plans
728,531
52,881
6.
p.
1941
Cincinnati New Orleans &
Central
769,543
132,558
income™.
1942
Chicago, Indianapolis & Louisville Ry.
Names and Addresses of Bondholders—
with
contemplated,
was
13,579
$114,716
?
tures—
Net
of
testified
the
1,048
railway
1943
_
from
Submits Plan—
that the mortgages and any available cash would
be distributed among present bondholders, who also would receive pre¬
ferred and common stock in exchange for their present holdings.
He
said
in
account
•'
property.
Bidez,
160,
July
.railway.^
income™
H.
reorganization plan, including the purchase of three railroads now
under lease, was presented July 25 by Merrel P. Callaway,
trustee in bankruptcy, to R. T.
Boyden, examiner of the Interstate
Commerce Commission, at a hearing in the Hotel St. George in Brook¬
lyn.
Briefly, the plan called for issuing two mortgages—a first mort¬
gage at 4%
and an income mortgage—which would supersede present
F.
stock
capital
1
oper.
Net
A
on
the
to
prior preference stock exchanged will
railway
from
Gross
operated
Earl
5,648
railway..—.
1944
V.
Central of Georgia Ry.—Trustee
from
from
—V.
Chicago & Illinois Midland Ry.—Earnings
Ry.
in 1943.—V. 159, p. 1756.
compared with a net loss of $107,134
Georgia,
be
prior preference stock
Commission
Hens
credited
be
June—
the
Jan. 4, 1943, to June 30, 1943, inclusive,
as ordered
by the War Labor Board.
For the six months ended June 30, 1944, net profit was $34,660, as
tFor
will
shares on the New
the effectiveness of
(amounting, as of June 30, 1944, to $43.50 per share)
exchange.
See also V. 160, p. 323.
-
til,737
profit
"Loss.
24,879
4,164
income
oper.
Net ry. oper.
3,730
Wage adjustment
Net
stock
common
accepting the offer, to the extent
such shares so exchanged, will relinquish their rights in respect of
unpaid dividends accumulated
on
their prior preference stock
Net
10,166
636
19,575
first
for
$226,464
8,562
(estimat.)
Adjust, of Fed. inc.
ry.
From Jan. 1—
145
tax
will
capital surplus.
1941
546
Depreciation
Fed.
there
and
Net
7,873
interest
Other
of
respect of the common stock issued pursuant to said offer of exchange
the turn of $20, being the aggregate par value of the 20 shares of
common
stock issued in exchange.
The difference of $80 in respect
Net
11,898
and expense—
count
to
5,733
excluding
shares
tne authorizatnon for listing, of such
Exchange on notice of issuance and
to
Stock
dis¬
debt
of
Amortiz.
respect
$98,075
1,313
From Jan. 1—
gram
additional
said
of
issuance
Gross
$203,679
*$38,498
$43,722
Net
in
-
registration under the Securities Exchange Act of 1934.
All shares
of prior preference stock exchanged by
the company,
pursuant to the offer of exchange, will be retired, and the capital of
the company will be reduced by the sum of $100 for each share so
of $15; and on
1942
1943
1944
-
End. June 30—
3 Mos.
declared
$100,200
11,336
Commonwealth Investment Co.—Report—
Subs.)—Earnings—
Central Foundry Co. (&
Net
record Jan. 15.
share; June
per
theretofore
distributions
1941
$132,494
railway.
railway
their
of
$1.30 per share on the
beneficial interest, pay¬
A liquidating dividend
15, a liquidating dividend
dividend of $1.40.—V. 158, p. 885.
$5
except
other
from
be offered through such pro¬
a nation-wide group of under¬
would be conditioned also upon securing
any necessary authorizations.
The
present studies do not
contemplate retiring the
remaining
$26,142,000 of 3 V2 % convertible debentures, Chairman Freeman added.
1943, the following distributions were made on
the preferred
March 15, a dividend of $1.80 per share and a liquidating divi¬
In
stock:
void,
and
Holders
Central Coal & Coke
distributions
that holders thereof shall be entitled to
receive their pro rata share of the proceeds resulting from the sale
of
the full
shares of prior preference stock
for which such scrip
certificates are exchangeable,
together with their pro rata share of
thereafter
subject
44,935,000
40,983,000
9,368,000
Carborundum Co. of Pittsburgh
other
and
of
/
'
1942
1943
retired,
-6 Mos.—1943
39,260,000 213,579,000 210,484 000
29,892,000 172,596,000 165,549,000
8,435,0C0
revenues
dividends
of
such full shares, and new scrip certificates
of like
tenor
for
the remaining fractions of a share,
if any.
Ail
scrip certificates not surrendered on or before Sept. 1, 1945, shall
York
Net
of
l/20th parts of shares
for certificates for full shares of prior preference stock,
amounts,
The
1944—Month—1943
37,389.000
28,954,000
revenues
offer of exchange
the
rights in respect of fractional
such full shares,
Ry.—Earnings-
Period End. June 30—
Operating
Operating
under
exchanged
for
for the number
stockholder shall
prior preference
and (3) scrip cer¬
depositing
prior preference stock not exchanged.
Said scrip certificates shall be
exchangeable on or before the close of business on Sept. 1, 1945,
when surrendered with other scrip certificates in sufficient aggregate
dividends
Canadian National
the
certificates for full shares of
(2)
Net
certificates
(1)
common
entitled,
be
tificates
any
company will deliver
stock to which
the
deposited,
clared
Mills—17^-Cent Dividend—
Callaway
shares pursuant to the offer of exchange may
be revoked by the holder of said deposit receipt at any time up to
3 p.m. on Aug. 21, 1944, by notice in writing to the depositary.
In
the event in
excess
of
18,733 shares of prior preference stock are
The
of
California-Western States Life Insurance
A
ner
may
prior
said date.
on
$1
—
Deductions
that such
however,
Greenville Ry.—Earnings—
&
1944
from
Gross
330,441
1,257,251
crao.w*
chargeable to construction
Provision
Columbus
June—
Gross
121,461
,
Operation
General
accordance
$3,204,092
„
revenues
Expenses
for exchange, the 374,660 shares of available common stock will be
apportioned ratably among the depositors of prior preference stock in
with the number of shares deposited by each; provided,
Co.—Earnings—
California Water Service
;
Monday, July 31, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
428
excess
total,
$32,618,155.
i'cLiabilities—Accounts
payable and accrued charges, $1,320,638; Fed¬
miscellaneous reserves,
for
contingencies,
$614,250;
common
stock:
(1,390,000 shares, no par), $11,650,620; earned surplus, $15,146,629;
total, $32,618,155.—V. 159, P, 2517.
eral. State
$1,389,636;
and local taxes accrued, $2,496,382;
reserves
Volume
To
Connecticut Light & Power Co.
$464,274;
10-year
3%
Delaware Lackawanna & Western
debentures,
fund
sinking
sinking fund debentures due May 15, 1949 (less
due within one year shown under current
liabilities of $200,000), $800,000; reserves, $1,059,297;
common stock
(200,648 no par shares), $5,279,300; capital surplus, $1,621,674; earned
surplus, $4,808,303; cost of 87 shares of common stock held in treasury,
Dr$3,057; total. $15,375,527.—V: 159, p. 1970.
y
'
'
" 1
sinking
July 20 announced
on
$100,080),
10-year 3%
$200,000;
that on Sept. 1, next, it would
redeem all of the outstanding $7,000,000 first and refunding mortgage
3V2 % bonds, series P, due Sept. 1, 1966 at 106 and interest.
Payment
will be made at the Bankers Trust Co., trustee, 16 Wall St., New York,
n. y.
v,
;
company
of
notes
Redeem 2Y2%
Series F Bonds—
The
fund
June—
retirement
C.
L.
Net
7% Bonds—
first and refunding mortgage
1951 said:
any time> prior to Aug. 22, 1944, the company offers to purchase
from the holders thereof, for cancellation, all or any part of its out¬
1,
May
"At
A bonds, not heretofore called for the sinking fund,
at their principal amount plus a premium of $250 per $1,000 of prin¬
cipal amount and accrued interest to and including Aug. 21, 1944.
The
total amount of
the payment will be $1,271.58 per $1,000 principal
series
standing
amount.
this offer should forward their series
New Icork, agent of the company to
"Bondholders desiring to accept
bonds
a
Trust
.bankers
to
Co.,
Net
Railway
Moratorium
These
Gross
Income State-
ment—
1944-—6 Mos.—1943
Operating
exps.
for
& mainten.
depreciation,
contingencies
for
Prov.
&
income
Fed.
,
local
and
Net'
Other
545,814
853,761
57,023
185,081
51,658
183,364
119,436
117,586
363,819
339,886
$398,654
160,295
$585,633
^ 207,804
$403,466
372,860
$653,558
419,970
$558,949
69,348
$793,442
148,296
$776,327
213,912
taxes—
Gross income
deductions
Income
415,330
525,574
net_,
income,
916,400
3,478,428
—-—
revenue
oper.
500,000
$5,931,551
2,992,003
412,118
500,000
$6,134,240
'
excess
profits taxes
Other Federal taxes.—
State
$3,147,833
1,571,244
210,114
$3,090,003
1,712,380
211,292
revenue
Oper.
Prov.
1944—12 Mos.—1943
\
,
$1,073,529
301,561
assumed
were
119,
by
Sugar
Francia
La
Co.
on
Dec. 27,
698.
p.
(L. A.) Darling Co., Bronson, Mich.—Stock
of 28,000
issue
193402
shares
this
and
233,333
-of
part
previously
shares
does not represent any new financing
purchased from a principal stockholder.
offering
but
pany
are
were
1937
Darling
income
of
Reservation
inc.
net
_
$771,968
363,712
$562,415
154,125
$645,146
184,095
$489,600
-
The company's progress
the modern display
outstanding.
leaving the present shares
has closely followed the growth of chain stores and
methods of merchandising.
-
widely diversi¬
fied line of
the type used
for floor, counter, window, wall aind shelf display of merchandise by
all kinds of retail store outlets.
They also manufacture a full line
of card display and counter price card holder fixtures.
Company has
also expanded into the three dimensional display field producing heads,
The
—V.
Balance
$408,255
$408,290
$46,1,051
$489,600
surplus
to
designs, manufactures and distributes a
metal and composition display fixtures of
busts,
torsos,
1757.
Consolidated Edison Co., of New York, Inc.—Output—
The company on July 26 announced that system output of electricity
(electricity generated and purchased) for the week ended July 23, 1944,
amounting to 159,300,000 kwh., compared with 207,100,000 kwh. for
the corresponding week of 1943, a decrease of 23.1%..
Local distribu¬
tion of electricity amounted to 153,700,000 kwh., compared with 187,700.000 kwh. for the corresponding week of last year, a decrease of
.
Consolidated
Income
-':■■■'
-V; S
<:•
•
'
Vv:
Operating
expenses
JJ
~':v•
•
„_
Maintenance
7,114,233
Taxes
16.939,697
_
___
'' 0 •'
The
470
employs,
company
income
Non-oper.
11,481,848
14,624,863
Br8,245
___
143,714
51,350,107
Dr45,140
income
Gross
Divs.
$5
on
Divs.
""
4,439,360
income
Net
7,090,818
10,177,258
stock—
—
pfd.
cum.
common
on
11,625,562
4,534,744
14,616,618
_
deductions
stock
Balance
—
—
51,304,967
18,320,734
32,984,233
10,909,700
18,353,643
49,973,841
196,753
50,170,594
18,259,152
31,911,442
10,917,700
18,353,643
2,640,099
3,720,890
Earnings of Company Only
1944—12 Mos.—1943
1944—3 Mos—3943
\:
Period End. June 30—
•(
iy
Operating
revenues
—.
expenses
___
18,040,668
3,549,690
Maintenance
Depreciation
Taxes
■■■';
—4,017,000
8,482,926
__
—
Operating income
Gross
.10,589,816
—
29,479,256
10,944,450
33.304.007
10,944,450
—
18,534,806
To
___
8,166,982
—
.
'
Balance
.
—V.
>
_
40,069,072
3 Mos. End. June 30—
sales
and
Costs
Subs.)—Earnings—
Production
War
^
:
and purchases
equipment have been confined to the type readily adapted to their
of
no
amounting
t$207,185
50,791
42,828
0.19
139,225
0.49
.30
228,690
186,586
0.80
.40
228,891
162,342
0.70
$145,833
$0.63
Normal
§124,168
§0.53
Income
Gross
Net
62,907
0.27
from
Net
ry.
Net
from
ry.
Depreciation
Total
on
130,141,562
$278,295
$321,203
18,365
Operating profit
52,229
Other income
Loss
1942
1941
$5,835,605 $6,756,083
5,242,0^9 ; 5,973,508
118,028
5,369,664
105,936
$373,432
$296,660
income
$463,614 ;, $641,013
10,0J3<:
24.668
319,231
te
10.600
of
6,953
properties
etc.
—
tlement
Interest,
Net
"146,600
**326,000
$234,410
$324,435
17,288
_
31,054
32.687
50,140
50,140
50,140
_
dividends —50,140,
Common
15,245
12,358
y
*226.880
$216,179
$167,574
profit
Preferred dividends
——-
———
—
10,653
8,633
113,500
Surplus
-
$148,751
$0.99
$117,434
$0.83
y:
Earns, per com. share
$153,216
$1.02
,
$241,608
$1.45
'Includes excess
profits tax.
Period End. June 30—
sales
Net
Cost of sales
;
Ended June 30
1944—6 Mos —1943
1944—12 Mos —1943
$11,132,263 $11,042,426 $22,353,916 $21,826,854
9,730,721
9,624,652 19,583,853 18,952,132
Consolidated Earnings for
;
&
selling
Admin..
gen.
operations
Other income
V
debt
funded
tlement
for
C
Net
451,269
$576,736
64,042
$1,090,196
112,810
$1,181,617
88,854
-V.
156,
profit
$1,203,007
$1,270,472
21,191
43,167
36,889
7,216
649
6,567
3,322
234,600
357,900
354,540
$334,338
$1.49
$751,651
$3.75
$869,443
$4.00
&
$323,380
$1.61
_____—
Earns, per com.
$640,778
228,500
of property--
Fed. inc.
profits tax
"
share
Balance
Consolidated
18,563
13,604
233,333
114,900
637,615
233.333
$1,452,100
-7—
114,900
574,708
1468.
p.
Assets—Cash
in
banks and on hand,
$7,417,755;
intangible assets (patents),, $1;
charges, $45,398; total, $15,375,527.
Liabilities—Accounts payable, trade, $615,347;
accrued
$8,858;252),
$530,389;
V
'
■
reserve
for Federal income taxes
y
.
:''
I V
-■
v'.
deferred
r
liabilities,
(less U. S. Treasury!tax
' :;y:;y^.vf^. V
of
retirement
18.450
shares of common
stock held in the treasury,
—V.
'■■■'■■h
■
7V.->
-
:"
^
r'Y.
Jan.
1941
$158,100
$141,801
37,270
13,432
1,896,900
649,211
1,320,800
396,695
1,092,500 •'
318,35$ ;
285,298
158,544
1943
40,588
32,429
2,332
1—
railway.—
railway
Income—
809,547
183,972
17,813
108,722
,
160, p. 8.
Eagle-Picher Lead Co. (& Subs.)—Earnings—
6 Months Ended May
1942
1943
1944
31—
$24,625,159 $21,278,942 $20,515,722
*_
sales
1,039,287
;——
1,170,215
889,076,
profit
894,076
outstanding
shares
159, p. 1655.
profits taxes, etc.—V.
923,170
,
.894,076
$1.15
$1.23
$1.01
tAfter Federal income and
"Earnings per common share———
"After preferred dividend requirement.
excess
stockholders
The
vote
will
1
Aug.
on
'
v
:
Co.—May Change Name—
Eastern Rolling Mill
to change the name of this
Corp.—V. 160, p. 8.
to Eastern Stainless Steel
Ebasco Services
ing
National
during
1944, the system
Services,
Ebasco
of
companies
American
Inc.—Weekly Input—
week ended July 20,
For the
Inc.,
inputs of client operat¬
which
are
subsidiaries, of
Electric Power & Light Corp.,fliand
Power & Light Co.. as compared .with the corresponding week
&
Power
1943
were
Light
Co.,
as
follows:
* >
.
?
v
-Thousands of Kilowatt-Hours—rrr
reacquired since that time.
far as the company's operations
are concerned, sales continue
low. with profits affected accordingly.
H. M. Stein, President, pointed
out in the annual report that in the current year it will be increas¬
ingly difficult to obtain merchandise to permit a volume of sales that
can result in profitable operations.—V. 159* p. 2633.
Deere &
the
on
In
since.
stock
common
the
1942,
on
Sept.
1
and
Oct.
18,
last
paid the following dividends on
35 cents; and on Oct. 19, $1.—V.
company
On Sept.
1,
Delaware & Hudson Co.
the
159,
ry.
13,863,618
32,654,021
Fed.
77,300
1,037,000
162,889
1,601,440
145,564
tax.
income
taxes
990,59.9
1,008,101
1,981,939
1,998,628
1,083,701
1,322,175
2,203,336
2,636,243
$2,614,732
$2,656,361
$6,482,797
$5,312,768
673,001
566,184
1,342,617
1,021,160
117,47a
145,625
234,345
—V.
664,578
charges
Balance
—
railroad
of
Amort,
679,385
1,350,591
1,392,541
—
projects
Depre.
de¬
—
railroad fix.
on
Other
deprec.
deple.
&
charges
Net
income
*No
provision
for
excess
Delaware & Hudson
from
Net
ry.
$4,119,475
railway-
1,023,421
railway
oper.
531,364
income—
$3,888,856
1,196,998
751,753
$2,930,563
1,492,228
1,084,064
781,780
>
825,829
made
'me
Net
from
Net
rv.
—V.
railway-
160,
p.
25,692,603
6,992.536
railway
oper.
"
income—
4,543,542
23,305,194
7,095,161
4,246,795
7,580,838
15,303,922
4,841,183
4,435,729
I >.
J
.»
-i
e
655,301
6.078.442
3,348,208
Accumulated Dividend—
1
on
were
amount
to holders of record Aug. 15.
March 1 and June 1, last.
June 1, $1.50; and
paid:
per
v
cents per share
preferred stock,
A similar distribution
In 1943, the following
Sept. 1 and Dec. 1, 75 cents
Sept. 1, 1944, after deducting
$4.50.—V. 159, p. 2195.
share in arrears as at
just declared,
amounts to
RR.—Equipment Issue Awarded—
mature
will
certificates
in
ten
equal
annuol instalments of
payable Aug. 1 beginning in 1945. They are to finance ap¬
proximately 80% of the cost of six 5,400 horse power Diesel freight
locomotives and 600 50-ton steel hopper cars, to be delivered later
$362,000,
this
year
at a cost
The
of approximately $4,549,656.—V.
160, p. 325.
Chicago—Recapitalization Approved—
stockholders
at
a
special meeting held on July 26
approved a
the issuance of 22,200 shares of
loan of $1,400,000, the repurchase
preferred stock and exchange of the 22,200
$31.50 a share for the remaining shares of
recapitalization plan," providing for
new 6%
preferred stock, a mortgage
of
12,600
7%
at
shares of
stock
of*6%>
preferred
t
7%
plus
stock.
attorney for two
the) meeting that he had filed a
Louis
i
I
625,025
2%.
The
:i<
t"{
4,268,467
1,524,683
—
Goldman,
seeking to enjoin the
(
r-
13,968,416
16,267,947
Guaranty Trust Co. of New York on July 20 submitted a suc¬
cessful bid, subject to Interstate Commerce Commission approval, for
$3,620,000 equipment trust certificates.
Guaranty offered 100.1285 for 1%% obligations, representing a net
interest cost to the road of 1.850%.
A second bid of 100.5299 for 2%
obligations was submitted by Halsey, Stuart & Co., Inc., a net cost of 1.897%.
Other bids at the com¬
petitive sale were received from Harris, Hall & Co. (Inc.), 100.459 for
2%
obligations, and Salomon Bros. & Hutzler, New York, 100.415
7.
.V.)
16,276,377
5,969,582
1,393,768
58,796
310,807
17,119,5734,314,734
—
The
3,546,022
22,006,863
876,510
.1,136,094
July 20 declared a dividend of 75
of. accumulations on the $3 convertible
dividend
the
shares
from
1941
$2,457,311
962,725
236,571
directors on
(The) Fair,
$4,050,055
From Jan. 1
Gross
income.
payable Sept.
1941
1942
1943
1942
$2,724,705
518,324
8.
p.
account
on
RR.—Earnings1944
from
Net
$1,265,167 $3,555,244 $2,608,025
profits taxes.—V. 159, p. 2078.
$1,159,683
—
1943
$2,462,047
>.
railway-
oper.
160.
The
for
property
system inputs of any companies
160, p. 325.
Ry.—Earnings-
Equity Corp.—75-Cent
291,042
income
on
Fixed
—
railway-
from
ry.
Erie
Taxes, other than taxes
5.0
4.4
2.3
$2,955,145
.__
income.
oper.
from
Gross
,!
737,000
——
.
From Jan. 1—
28,089,885
898,440
66,199
16,167,814
Expenses
Canadian
(& Subs.)—Earnings—
1944—6 Mos.—1943
$44,521,982 $39,784,528
9,187
4,584
2,229
figures do not include the
railway
from
Net
1944—3 Mos.—1943
$21,671,148 $19,814,894
—
income
98,579
Co.
1944
div'iends
on
100,808
from, railway_.
Net
was
"Provision for
Light
&
Elgin Joliet & Eastern
none
year;
1759.
Gross
103,122
June—
Gross
Net
July 25 declared a dividend of $1 per share on
par value, and
the usual quarterly dividend of
on
shares:
common
184,573
107,706
appearing in both periods—V.
Net
Co.—$1 Common Dividend—
the
common
stock, no
35
cents
per share
on the 7%
preferred stock, par $20, both payable
Sept. 1 to holders of record Aug. 15.
Distributions of $1 each were
made
1943
193,760
Power
The above
not
So
The directors
Power
National
Amount Pet.
1944
Co.
& Light Corp.
Operating Subs, of
Power & Light
been
-
■
1942
$265,400
107,730
68,818 f
86,474
—_
income—
oper.
from
from
leaving 202,000 shares of common stock outstanding.
As of March 31,
1944. 17,350 shares were held in the treasury, additional shares having
'
'V:
4,697,623
2,596,352
1,607,203
Ry.—Earnings—
$268,600
railway
American
Davega Stores Corp.—To Retire Treasury Com. Stk.—
the annual meeting, held on' July 24, the stockholders authorized
Gross
$1,215,627; U. S. Government
securities. $897,480; accounts receivable (less reserve for doubtful ac¬
counts and discounts of $190,915). $1,010,343; inventories, $4,747,714;
other assets
$41,209; fixed assets (less reserve for depreciation of
L'
_
railway
ry. oper.
$1,357,078
par)— J.
June—
Sheet, June 30, 194 4
from
Electric
fense
18,052
amort. Of deb. exp.__
Loss on sales or disman¬
excess
461,962
&
,
Prov.
1,217,905
$577,147
Total income
on
600,333
240,703
$541,831
35,316
for depreciation
•Vi,Profit from
Int.
1,241,835
633,389
226,323
expenses
Prov.
Six and Twelve Months
,
7.
Net
55,897
267~134
146.783
—_
—•
Period End. June 30—
~
128,061
4,252,972
1,833,479
981,856
—Increase—
p.
,
,171j205
$742,614
394,619
252,268
$97,502
70,727
139,365
Total—
sale or disman¬
Federal taxes
$602,728
232,703
1944
ry.
$1,357,073
$90,814
—•
1941
$668,017
260,566
4,734,074 :* 4,924,516
2,026,090
2,414,121
1,123,439
1,323,333
income.—
p.
from
22,845
prior year
year—
—
1,332
surplus
$665,681
$473,628
160,
Common
1,072
others__.._____
Surplus
se¬
120,518
railway
2,664
11,007
payable
Earned
the
1747.
p.
$645,862
199,293
railway
oper.
company
Capital
<
company.
1942
income
oper.
475,995
38,205
stock '-'(SI
this
1943
;
railway
from
292,387
.
$1,452,100
Conrmoh
152,
railway
tNet
322,325
and equipment
current
successor.—V.
of
President
as
appointed a committee to consider
From Jan. 1—
Gross
Net
amortization—
taxes,
Co.—Resignation—
resigned
26
have
1944
From
Liabilities—
Reserves
$8,651,785
$8,320,474
July
on
directors
a
from
2,664
Total
Income
of
536,433,
,
and
—
Martin
Net
210,973
—_
taxes,
77,724
151,364
—
Detroit, Toledo & Ironton RR.—Earnings
$39,051
218,514,
1
(net)
charges
Accrued
2,765,000
10,325,000
$13,137,280 $13,394,500
4,816,806
4,742,715
June—
247,972
Subsidiary investment.
Income
1943
$12,985,916 $13,316,776
operations—
income—
—
board of
$73,905
._
Inventories
Accounts
dividends
3,564,000
income
____
unpaid
12,331,000
—
:
Detroit Gray Iron Foundry
May 31, '44 Nov. 30, '43
Treasury tax; notes——
less
its
'
liability yet to be determined. "Six months ended May 31.
buildings
...
160, p. 324.
The
Comparative Balance Sheet
Patents
and
company
1944
—
utility
corporate
Net
——
Land,
•'
.
$93,439,423 $82,650,816
64,558,507
56,244,040
surtax.—
income
Gross
changed to end Nov. 30.
tBefore renegotiation
$8,469.
SAfter renegotiation reserve of $42,000
refund
this
of
operations
charges.
tax_
from
Interest
—V.
and
miscellaneous
Net
year
Assets—•
Post-war
'
'
(& Subs.)—Earnings—
utility
maintenance
profits
Other
.25
209,690
Receivables
per
from
and
tax
Excess
Gross
.25
388,168
Cash
'
share, plus accrued and
share.—V. 159, p. 2194.
per
$19.50
earnings
Net
.15
329,133
company
■'
autnorized the redemption on Nov. 15, next, of
18,849 shares of $4 cumulative preferred stock,
$60
June—
'
of
at
to
Operating
.15
113,768
cost
•
$4 Preferred Stock—
has
Duluth Winnipeg & Pacific
$260,382
which
President
elected
been
Detroit Edison Co.
Gross
t$0.89
months,
5i286,U2
.
••
Divs.
Net per Share
Net After Taxes
Before Taxes
11
value,
par
—V.
Earnings and Dividend History, Years Ended Nov. 30
tFor
•.
• •
•
outstanding
Net
products.
peace time
has
company
Gross
time machinery has been utilized for war products
peace
the
1943
$5,640,123
5,2C0,891
^ 1944
'$5,753,895
expenses
8,651,880
5,228,146
•
Zoller
the
of
At
Net
28,820,855
11,033,354
by
During 1942, the company switched approximately 95% to production
war materials
with only the plastic division producing some display
from non-critical materials.
Practically all of the company's
160, p. 324.
Continental Steel Corp. (&
34,533,393
14,105,862
6,443,160
•
Redeem
The
all
fixtures
22,359,557
9.502,723
Income deductions
Dividends
10,786,702
2,619,720
' 12,015,322
—_
28,604,435
15,356,980
25,398,854
14,670,218
39,946,249
10,667,471
4,435,753
income
7.
p.
E.
lection
distributed
are
Deferred
43,961,415
10,657,408
2,512.594
income
Net income
6,308,825
4,477,877
8,119,468
3,895,854
'Non-oper. income
^
37,940,885 164,610,213 152,191,480
17.754,089
77,886,667 68,600,476
2,724,579
12,762,493
10,105,919
3,590,000
16,207,000 15,425,3.74
7,563,392
32,355,199 29,455,276
42,209,752
Operating
about
time operations,
peace
national Jobbers set up.
of
160,
H.
direct sales contact to practically all
the large chain stores in the United States
and Canada and some
foreign countries. Sales-are made to independent retail outlets through
amount
Income
average
employees.
*1944..
Operating income
l',184*,895
39,291,393
railway.
railway——
oper.
Hugh
during
1933
§J
'*
1,013,523
subsidiary, the Derby Oil Co., succeeding Carl Fisher.
E. C. Claiborne,
Treasurer, succeeds a. L. Derby as Chairman of the board.-
approximately 110,000 square feet of floor space
1937
64,984,198 286,980,239 264,603,050
26,861,995 117,499,930 105,613,832
4,358,767
22,818,591
16.750,370
6,o95,972
29,351,594 28,867,261
15,685,616
65,960,017 63,397,746
6,530,708
Depreciation
$
$
•
71,956,393
26,746,892
revenues
Operating
•
Subs.)
1944—12 Mcs.—1943
1944—3 Mos.—1943
Period End. June 30—
V
(IncJ.
Statement
871,152
income—
Derby Oil & Refining Corp.—New President, etc.—
appropriate display.
and legs for
arms
The main plant with
a
18.1%
1 921 557
*.r
company
Products
—V. 159, p.
$5,363,495
2,115,767
12 Months Ended June 30—
originally
was
from
ry.
outstanding
by the com¬
incorporated in Michigan in 1909 and
was
reincorporated as a Delaware Corporation in 1929.
It has been
in the same general line of business since its inception.
Recapitaliza¬
tion by exchange of stock resulting in the elimination of the class A
stock and the dividends accumulated thereon
was
effected in early
A.
from
Net
is located in Bronson, Mich.
Net
1941
$6,256,747
2,029,688
railway,
oper.
Net
Offered—
shares of common stock ($1 par) is
being offered at $3.55 (net) per share by Collin, Norton &
Co., Toledo, and Allman, Moreland & Co., Detroit.
An
L.
Period End. June 30—
Cuba.
of
Law
bonds
1928.—V.
These
Lighting Co
&
ry.
1942
$6,749,521
2,259,517
940,799
From Jan. 1—
Cuban Sugar Mills Corp.—Payment To Bondholders—
Holders of 1st
mtge. 6% bonds of 1932 have been requested to
present same to The Philadelphia National Bank, Philadelphia, Pa.,
agent for the Trust Co. of Cuba, trustee, to have stamped thereon
interest and amortization of principal due June 30, 1944 under the
purchase the bonds."—V. 160, p. 7.
Connecticut
from
RR.—Earnings—
1943
•
$6,653,857
railway—
,
President, in a notice to the holders of $3,426,000 of
7% sinking fund gold bonds, series A, due
Campbell,
1944
,
from
Gross
.
Makes Offer To Purchase
429
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4303
160
minority stockholders, announced
bill in Superior Court on July 22
holding of the meeting. Although the injunction
THE COMMERCIAL & FINANCIAL CHRONICLE
430
•
$110,000."
to
amounts
;
whether
approved
the
160,
This
1944—12 Mos.—1943
104,150
169,923
revenues.-
$15,271
$10,900
$206,951
income—net
1,040
4,213
10,542
—
$16,311
accruals—
6,333
$15,113
6,333
$217,493
76,000
$221,713
76,000
res.
.
»
»
■■
■'
229,652
2,541
-9 —
—
160, p. 8.
the
V.
annual
The
y
April
of
report
corporation
the
for
Employees'
Reserve
fiscal
the
159,
15,
in
$149,778
$0.94
$0.55
and
preceding
equal
year,
to
78
cents
share
per
Net
1944.
1943
billed
sales
Costs,
Distributions
March
on
9,
50 cents each
of
May
25,
made on
were
and
16
Aug.
,
1943
$
1942
S
•
811,023,000 941,529,300 865,372,069
693,070,838 626,871,716 412,383,825
other charges. 581,952,885 473,896,252 302,305,526
and
sales—
from
Income from other
Total
(net)
sources
7,152,747
adjustments &
•
,
-
*
•
Profit
Cr8,700,00CCrl2,50O,O00
its
"While
"war,
the
products effectively
use
advertise
of the company's products
The benefits
the
during
of "the products
the nature
same.
during
8,700,000
12,500,000
,'.y
20,770,700
of
the
expected
war are
the
of
21,061,629
20,681,433
has
in
and
reflected
in
remained
general
the
Comparative Income Account,
-
Years
of products
its
of
Other
income
Profit
V.
than
40
Federal
$2,518,637
Net
income—
taxes
1943.
of
§1,362,000
profit
for
1943
and
selling,
Assets—Cash,
(less
possible
^Includes
$9,144,738
$2,930,680
19,186
37,156
12,118
$2,774,191
$
was
of
excess
general
estimated
profits
tax
May 31.
$882,000
April 30,
of
other assets, $394,312;
(net),-
$100,000),
$6,046,061;
investments
and
new
$5,619,671;
Taxes
accounts- payable,
$2,441,-783; accrued local and state taxes, $93,890; accrued Federal
-capital stock tax, $50,000;
accrued vacation flay.- 382,408;
accrued
interest, etc., $3,909; Federal taxes on income and provision for pos¬
sible price adjustment refunds (less U. S.
Treasury tax savings notes
to
;
$728,897; common stock (par $1); $1,408,997;
be
182;
applied in payment
earned
surplus,
thereof
$1,485,805;
of
$2,230,000),
total,
$3,397,607;
$18,080,149.—V.
159,
production
Sales
age
1(339.)
and
The first award
N. J.
received
was
Aug. 10, 1942.—Vi
159,
p.
of
'
\
products,
made
It
to
the
on
excellent
Production
although
year,
whole,
6 Mos. End. June 30—
•Net
Shares
common
Earnings
per
1943
$152,133
$135,074
233,056
233,056
233,056
233.056
$0.65
$0.58
$1.39
share.
"After depreciation,
—V. 159, p. 1972.
r '■'.*•
"
1942
1941'
interest, Federal and foreign income taxes, etc.
'
'
bears
of
of
promise
essential
activities
of
into
plan
to increase
shares.—V.
159,
•
future
benefit
June—
Gross
1944
from
Net
from
Net
ry.
City Ry.—Earnings—
railway,—
railway——
oper.
income—
$1,335,413
508,917
233,718
1943
$1,277,485
618,287
305,493
1942
1941
$860,400
$560 497
384,959
157*512
312,906
80,679
*
From Jan. 1—
'
Gross
from
from
ry.
railway—7,482,461
railway
oper.
160 p.
9.
income
including the making of
uses,
in
as
Railway
•;
with
the
ICC
acquired - approximately
outstanding bonds at about
|
•
*
"unknown
that
asserted
reorganization committee of
ago" the
had
Alabama's
&
90%
75
of
cents
T <*
"
•
1927, Seaboard had acquired
stock.
1,
F. & A.'s 10,000 shares of
amounting
been
would
said
to
threatening
result
in
$1,750,000,
that
common
in
for
the
foreclose
to
of
all
are
trustees
the
reorganized Seaboard
Air
the
default.
mortgage,"
"petitioner's
Line
Ry.
gold bonds,
>•
first-mortgage
assets
without
bondholders
step
a
being
which
taken
petitioner's
it
over'
stock¬
receiving anything."
said it has
company
submit,—V,
Operating
—V.
flour
a
reorganization plan which it is prepared
159, p.. 638.
-
Week End. July 14
1944
1943
$38,775
revenue.
—Jan. 1 to
1944
$35,650
$1,204,136
July 14—
1943
$1,055,64
159, p. 326.
Georgia Southern & Florida Ry.—Earnings
than
greater
June—
deliv¬
in
Gross
the
business
be
they
called
"Goods, in
and
to
many
the
meeting
to
the
report
sold
for
with
increasing
-
future
■
Bell
sales
growth
a
of
group
asserted
that,
will
depend
largely
are
returns
almost
larger
than
ours,"
exception in the field
'preference' competition.- "• /
or
competition,
part enjoy
much
are
"While
further
the
future
the
development of
special attributes or
2 878 770
2,817,558
7181833
I
1,374,743
1,642,890'
1,050,318
290 007
the
'pure'
price
think,
operating
under
the
pressure
its
field
efforts
of
to
to
resources
growth
goods
the
he
pure
in
in
34.145
3,730,038
2,162,307
1.932,41,9
1,291,810
1,876,113
761,693
663.677
334,772
557,343
309.380
330,206
income..^
p.
326.
(net)
Co;—Earnings—
Cost
of
sales,
admin,
1943
1942
1941
$9,117,903
$9,263,312
$9,021,146
1944
$10,023,206
'
8,134,438)
496,961 (
8,807,420
$494,754
$631,913
$213,728
22.122
23,030
30.851
$501,766
$516,876
$654,943
$244,577
50.623
sell.,
46,091
111,873
61,410
129,042|
"137,000
*210,000f
gen.
:
'
,
9,089,616
465,856
$479,091
.
8,157,293
454,499
exp.
Depreciation
'
Operating income
Miscellaneous
of price,
which
it
(he
has
which
into other fields."
can
will
lie
Total
income
22,676
lift
them
position
this
of
charges
charges—
.
for Fed.
Prov.
inc.
137,457
tax_
110,000 f!
very
from
the
in
maintain
•
Net
of
is,
stability
;
of
and
field
company
the
backbone
support
income
Interest
Bpecial
largely in
competition—goods having
company
'imperfect'
that
competition,
extend
51,431
de¬
what
building of the future.
this
of
characteristics
fortunate
119,783
a
competition—nevertheless
most
Sales
devel¬
of
74,098
3,393,824
railway
railway—
oper.
160,
&
without
.
$269,195
155,521
6 Mos. End. June 30—
ex¬
business
on
1941
$381,853
317,714
40,997
Granite City Steel
companies doing equal or-much smaller total vol¬
whose
ry.
~V.
and
the
the
1942
$619,106
161,709
com¬
business
while
emphasizes that
from
from
Net
v
•
■
before
Mr.
tp
1943
$514,485
income
oper.
Net
variety
New developments
a
stability of earnings regardless of boom or
depression, and this -has been clearly evidenced in the. case of General
Mills.
Through its entire existence of 16 years, General Mills has
.never failed to earn and pay its dividends at regular established rates
add
Gross
the
but
market,
being
ry.
railway
railway.
From Jan. 1—
products
company
stable
are
containers.
are
outlook
York,
'imperfect'
pure
most
to
more
paper
oil
relation
competitive,
"but
the
Mills'
New
profit-in
are
only
a
products
agricultural
from
Net
increasingly diffi¬
were
of
uses
1944
from
Net
.^r
in other'lines.-
of
clared,
in
of
starch
vegetable
General
writers
low
highly
.may
of
uses
Discussing
tremely
is
creation
wheat
acceptance.
financial
4,207,821
1,454,087
through
industrial
mercial
6,815,676
3,265,775,
•
Domestic
was
ingredients
not
too,
for
Fort Worth & Denver
Line
filed
few months
Georgia & Florida RR.—Earnings—
satisfactory.' Pack¬
ingredient shortages
where
feeds
non-food
Modified
"There
a special meeting on Aug.' 18 will vote on a
the authorized preferred stock from 20,000 to 70 000
p.
2416.
considered
except
production.
animal
farmer,
umes
The stockholders at
a
me¬
*
opments
Food Machinery Corp.—To Increase Stock—
Air
company
The
obtain.
Extension
$323,839
$0.86
stock—
1944
$200,008
profit
was
progress,
curtailed
of
(& Subs.)—Earnings—
profit
Government
bankruptcy petition with the U. S. Court
Georgia, and a hearing on the action
a
of
petition
Florida
A,
holders
and
Army-Navy "E" for outstanding
subsequently was awarded a star,
and
for debt
/;.!
in
at Macon.
petition said that prior to Aug.
by the
the
received
states.
Ferro Enamel Corp.
filed
district
the
the G.,
The
in¬
an
has
for Aug. 15
Period—
ordnance
limitations
increased.
cult
934.
stock,
common
the U. S.
added the company's first mortgage and refunding 6%
series
last year.
naval
capacity
previous
Federal Shipbuilding & Dry Dock Co.—Award—
of
goods
eries
Lynn H. Korndorff, President, on July 26 announced t'he receipt of
fifth Army-Navy "E" award
by the company's shipyard at Kearny,
over
reduction
possible
signifying renewal of the award.
$2,767,-
p.
$3.03
other naval ordnance.
•
reserves,
capital surplus,
It
"have
essentially a milling business, the company, through its
chanical division, produces torpedo directors, cruiser
gunsights
the
a
all of
com¬
employees' retire¬
benefits, new tools and
workers'
for
the bonds had been retired."
ended
While
•
•
year,
made
$1,690,900
1944
that Georgia, Florida & Alabama was under lease to
was "acting
fiduciary capacity," Georgia, Florida & Alabama asked the court
to find that the petitioner is entitled to have the bonds "at a price
at which they were acquired by the Seaboard."
"If this were done," the petition said,
"there is a probability that
some
earnings would remain for the preferred stockholders after all
Established
year
been
in
$170,803
for post-war credit.
1943
Declaring
the
to
equivalent to $20.37 per share of
were
of
$1,046,082
deducting
in
,v
Seaboard and that therefore Seaboard, now in receivership,
disbursed.
were
$515,000
set aside for expansion,
stocks of goods.
crease
banks,
of
system,
-
.
.stock
common
contribution
a
$1,706,240
tAfter
$581,300
dollar.
the
on
Net profit, of which $3,767,581 was paid in dividends, totaled
the rate of 1.97 cents per sales dollar.
Dividends of $5
including
300,000
.
renegotiation of contracts with
of
Seaboard
Georgia,
$1.06
to
ment
property, plant and equipment (net), $1,203,268;
deferred
charges,
$26,223;
total,
to
$0.99
said
$1,108,8771;
$18,080,149.
Liabilities—Notes .payable
$0.45
of
middle
copy
789,331
1644
300,000
and
petitioner until
The
on
6,707,000
has
company
the
iThe annual report, signed by James F. Bell, Chairman, and
Harry A.
Bullis, President, listed $233,787,678 as expended for goods and services,
to provide wornout tool replacements and for
reserves; $28,393,900 paid
to employees and
fpr employee benefits; $13,548,022 for taxes, and $1,-
marketable securities, $2,768,770; accounts
$25,000), $2,89.1,664; inventories (less reserve
of
$0.37
preferred stock and $4
on
$3,640,980;
reserve
58,870,500 144,235,180 119,937,071
2,467,789
5,526,317
5,879,031
2,067.517
$5,556,912—at
$98,000.-II After final renegotiation
of
T5.231.700
amortization.
credit
reason
A
$
.
Establishing a new sales record for the fifth consecutive
pany reports dollar volume of $281,286,512 for the fiscal
$844,004.
as
$
Is Forecast-
post-war
of
tl.537,226
$555,961
has been set
Year—Company's Output of Naval
Ordnance Increases-—Expansion of Non-Food Activities
ex¬
783,500
tax
profits
provision
The
General Mills, Inc.—New Sales Record Is
in
"468.399
733,000
"
for Fifth Consecutive
$0.46
$2,942,799
395,811
560,300
Georgia Florida & Alabama RR.—Hearing Aug. 16 on
Bankruptcy Petition—
in
.
$6,989,913
and
■
Not?—These figures jare after provision of $337,500 for dividends on
150,000 shares of preferred stock.—V. 159, p. 2634.
$642,237
and
by
1944—6 Mos.- -1943
$
65,923,058
—„
$9,181,894
313,474
423,027
provided for in Public Law No. 528, Section 403.
flAfter deducting
provision for renegotiation of Government contracts.—V;r159, p. 2080.
for
1944—3 Mos.—1943
sales
earnings
:
•
$0.65
1944
JNo
Corp.—Earnings-
Earns, per com. share__
$8,111,715
tax_
inc.
profit
retirement
170,867
HS920.005
$0.72
JIncludes
Federal
refund
obsolescence
'intangibles
—V.
$8,092,528
257,977
State
"Includes
General Electric
to
Net
$813,105
'
ssn.npo
administrative
amortization.
Balance Sheet
receivable
'
-
refund of $5,913,377 in
post-war
-
125,OOP./
1—$1,012,113
engineering,
$318,000.
estimated
:
-for
$2,648,269
15,227,000
share
common
depreciation
refund
Net
600,167
for contingencies.
Net
87,358
" " 116,264
reserve-*.-
1
—
per
tlncluding
penses,
the
$6,546,147
(est.)
contingency
'profit
129,632
182,034
"After renegotiation
after
206,092
__
excess
Prov.
<
:
'
$725,747
other
income
Earnings
Net
$3,530,847
.826,975
46,475
—
Fed.
type
General Foods
$6,340,055
—
after
Post-war &
-
1941
$9,971,713
$2,727,716
_
&
years'
practically all American bombing planes,
on
Period End. June 30-
9,707,372
"
/,
1942
$9,126,781
1,034,253
income
Fed.
experience in the manufacture
and since World War I of the turbo-supercharger,
more
160, p. 222.
Ended April 86
17,074,750
deductions
Other
;
1943
1,032,199
Bond interest
second
turbines,
Net
.
Corp.—Earnings—
$0.72
post¬
company's
sold——27,653,365
Operating profit
$0.73
by the War Department to head-up the production of this
fighting weapon.
Even though an entire plant of more
than 600,Q00 square feet of floor space is being converted
for this
work,' it? output 'will not be sufficient to meet Government's require¬
ments, so General Electric has turned over the jet propulsion drawings
and
specifications, prepared by its engineers, to another large cor¬
poration
formerly
engaged in
manufacture
of
airplane engines.—
procedures developed
be
to
>
$0.72
.__
company's
used
new
has been different during the
methods
Other
chosen
was
-i;:
themselves
new
issued
steam
now
war.
dividends
for
—
tCost
-
York, has been appointed
series A, no par value. 'See
New
stock,
$3,759,915
amortiz
share on 28,845,927.36
per
Because
Gross inc. from sales, royalties and
1944
1943
19421
license fees
*$33,893,421*$19,593,388 $10,433,119
a
Co.,
H1944
17,000,000
conting\_..
largest wartime plant, built two years ago
for the manufacture of war equipment which is no
longer required
by the allied forces, is being converted for the production of jet
propulsion aircraft turbines, it is announced.
.
activities." ;
war
V
Trust
preferred
operations,
Deprec,. and
Jet Propulsion Plant—
This
be attributed in part to the fact that the company has continued to
:
1 .
325.
Steel Castings
from
Profit
••
;
available
shares
.
(
'
&
$4.50
160, p.
Profit
Profit
Earnings
strength in the
cbmpany's
position
competitive
has been evidenced by the large number of applications received from
responsible distributors and dealers throughout the country. This may
,
Bank
the
6 Mos. End. June 30—
77,000,000
97,500,000 136,000,000
Post-war
increasing
."An
;
for
General
profits
excess
taxes
.
Commission.
i
Chemical
registrar
4,603,134
4,086,165
''
General Printing Ink Corp;-^Registrar—
118,270,700 157,061,629 114,681,433
—
and
notes
$3,421,613;
acceptances,
provisions
below
income
drafts and
on
The
111.117,953 152,975,464 110,078,299
before
income,
shown
Federal
recently acquired Station WGL in Fort Wayne, which
supplemented later with both television and frequency modu¬
stations, subject to approval by the Federal Communications
be
lation
;
1,107,365
2,660,216
$6.40
2,660,216
$6.68
accounts
offering in V.
"Farnsworth
4..
5,365,945
>
_____
war
will
<
5,556,912
1,107,365
!____
.
dividends
dividends
Liabilities—Accounts payable, $5,535,550; advances from U. S. Navy,
$797,411; savings accounts of officers and employees, $193,694; accrued
interest
and
payroll, $688,677;
accrued
taxes, $13,704,470;
dividend
on
preferred stock payable July 1, 1944, $276,841; debenture sinking
fund instalment due Jan. 1, 1945, $100,000; funded debt, $9,900,000;
reserve
for general contingencies, $2,287,637; reserve for war contin¬
gencies, $797,259; reserve for self-insurance, $1,122,015; reserve for
other purposes, $474,162; preferred
stock, $22,147,300; common stock
(665,054 shares no par), $16,691,960; capital surplus, $8,023,166; earned
surplus, $12,341,028; total, $95,081,170.—V. 159, p. 2519.
Co.—Earnings—
Estimated post-war tax refund—__
lifted.
are
9,517,785
>j
15.—
Nov.
yu
of $125,000 as a reserve for post-war rehabilitation
production contingencies, profits carried to surplus were
compared with $844,004 in the preceding fiscal year.
Working capital on April 30, 1944, after capital expenditures for
plant facilities, amounted
to $3,658,207
compared with $2,931,337
the year before, an increase of $726,870.
In a letter accompanying the report, E, A. Nicholas, president, states
that, "in accordance with government policy, the company is making
every effort, consistent with the war program,
to be fully prepared
for the resumption of civilian activities as soon as war restrictions
•
35,614
10,953,440
income
on
memberships, sundry advances (including amounts due
employees $19,278), miscellaneous properties, and other assets,
post-war refund of excess profits taxes (estimated), $463,695; land, $1,823,815; buildings and equipment (less depreciation $22,138,237), $22,307,810; goodwill, trade-marks, trade names, and water
power rights, $1; total, $95,081,170,
•
$1,012,112,
.*
taxes
from
(shipments)—
expenses
Income
deduction
After
25,483,086
97,641
$1,404,823;
1972.
p.
Orders received
shares then outstanding.
and
210,000
29,112,208
_.
quirements),
Pay 75-Cent Dividend—
$
1,400,997
on
deductions
1,465,849
651,514
590,000
__;
receivable
(less
reserve,
$1,105,250), $11,456,673;
ad¬
grain purchases, etc., $1,942,849; inventories (net), $34,160,621;
prepaid expenses and deferred charges (including automotive
equipment, net $428,250), $2,117,000; investments (including securities
carried at $191,040 deposited for State and Clearing Association re¬
-
the
system
contingencies
income
vances
109,
1944
$39,806,797,
with $26,383,301 for the preceding 12 months. Net sales, after
voluntary refunds to the government totaling $5,913,377, amounted to
$33,893,420." This compared with net sales after renegotiation of
$19,593,387 for the year before.
I,
Profit before provision for Federal income and excess profits taxes
and possible renegotiation refunds was $6,364,112.
Net earnings after
provision for taxes, but including an estimated post-war tax refund
of $318,000, reached a new high of $1,137,112, equal-to 81 cents per
share on 1,408,997 shares outstanding on April 30, 1944,
This com) pared with a profit after taxes and final renegotiation of $1,094,005
for
1,507,720
784,907
plant__
war
Earnings per share on common
July 21 declared a dividend of 75 cents per share
stock, no par value, payable Aug, 15 to holders of
This compares with $1 paid on May 15, last, and 50
5.
Feb.
Net
Common
Comparative Income Account for Six Months Ended June 30
pared
s
of
retirement
for
Assets—Cash, $15,982,270;
$190,798
ended
year
reserves
Selling, general, and admin, expense
on
General Electric
shows gross income from sales, royalties and license
the largest in the company's history. This com¬
1944
30,
of
fees
Aug.
on
issue
Farnsworth Television & Radio Corp.—Annual Report
.•
Depreciation
1943
share
common
common
record
•
.
,
per
directors
cents
$141,121
105,890
$138,953
105,890
$8,642
declared
Dividends
—V.
$9,910
_
231,556,214 173,950,130
834,433
695,449
293,037
161,042
charges
inventory valuation
Consolidated Balance Sheet As of May 31, 1944
Game well Co,—To
The
this
income
world
plant
1944
'
•After all charges.—V. 159, p.
'
Net
goods sold & operating
Increase in
Inc.—-Earnings—
—
$145,713
4,592
$141,493
137
;
of
Cost
markets for
offer new
to
Months Ended May 31—
"Net income
on
68
——,
expected
are
5
1
$8,780
$9,977
income
Gross
Interest charges
Europe
Fruit of the Loom,
671,560
'
50,yi2
281,286,512 217,536,414
Interest—
Preferred
$190,159
31,554
Balance...
,
$
/'
88,545
_
.
Prov. for Federal & Dominion
'
Retire,
received and other miscel. income
Miscellaneous
$1,168,136
7,805
18,616
oper.
and
America
Earnings
Net
19.43
.
$
281,197,967 217,485,502'
Total
the Froedtert company is considering the possibilities
of expansion when critical materials are released for building and if
postwar conditions warrant it, additions may be made to the com¬
pany's Detroit and Winona plants as well as to the Milwaukee units,
Mr. Froedtert said.—V. 160, p. 222.
15,292
Non-oper.
1944
■
Consequently,
9,416
Taxes
81
May
1
,
country are already being felt.
of the
$1,211,407
730,384
Operation
Interest
Winona, Minn., is producing at top capacity, Mr. Froedtert said.
South
$89,750
52,430
Maintenance
include
Net sales
adjacent to its present Milwaukee plants, according to Kurtis
Froedtert, Chairman of the board, and President.
.
„
'
Right now, the Government's industrial alcohol program, calling for
approximately 632,000,000 gallons of malt this year, is heavily taxing
the production facilities of the malting industry, and the Froedtert
company, which is the largest commercial malting firm in the
and operates two plants in Milwaukee, a plant in Detroit and a
$94,500
54,521
revenues.......
Ended
Years
:;v'y
company
at
put into
will be
plan
1944—-Month—1943
Period End. June 30—
Operating
is considering a postwar expansion program which
building a large malt house on land owned by the
R.
Fall River Gas Works Co.—Earnings—
i
Account,
Vr'.:
corporation
would
,
325.
p.
Income
1
Expansion—
export, and increasing demands from malt syrup manufacturers in this
immediately or be delayed pending final disposition
action.—V.
Consolidated
-
war
■
decide
will
Directors
operation
Court
is necessary to preserve the
as
Malting Co., Inc.—Considers Post¬
Froedtert Grain &
had authorized him to take
stockholders' rights.
The
minority stockholders in a letter mailed to other preferred
holders, allege that the recapitalization plan is unlawful and is con¬
trary to the interest of the 7% preferred holders.
"If The Fair's proposals are carried through," the letter said in
part, "the unpaid dividends on preferred shares will be cleared away,
and
it
will be possible for The Fair to pay
dividends to common
stockholders.
The
principal common shareholder is S. S.
Kresge
who owns or controls 303,866 out of a total of 372,100 common shares.
He
will reap the benefit
of the transaction because, as a common
shareholder he will get the biggest part of the saving of 1% a year
future dividends which amounts to $22,000 per year.
In addition he
will
reap the eventual
saving on redemption of $5 a share which
not granted, he stated that the Court
was
such further action
Monday, July 31, 1944
•
it
in
profit
$203,685
+$221,913
provision for excess profits tax.
shares
$0.66
applicable
stock
to
"No
a
of
70.062
"56,432
common
common
stock
in
1944,
$0.58
+$254,490
JEqual to $0.53
a
common
share in 1942.—V. 159. p. 2520.
$118,023
the 382,488
share in 1943, and
on
Volume
160
1944
from
Gross
1943
1942
1941
$2,984,000
railway-
$3,080,000
903,918
536,423
$2,567,000
756,787
548,022
$2,686,570
963,977
695,976
17,523,000
5,488,649
3,539,630
13,948,000
2,961,842
1,648,057
15,269,264
5.043,176
3,496,395
—
676,527
income—
413,164
From Jan. 1—
from
railway—
17,857,000
Net
from
Net
:
ry.
railway
oper.
Gross
Net
ry.
railway—
from
Net
—V.
4,224,261
income—
2,651,217
oper.
ICO,
Gulf Mobile
from
Net
ry.
1942
1941
$3,276,486
railway
$2,870,879
892,682
$2,717,836
$1,957,343
668,639
334,245
1,127,165
railway
from
Net
1943
1,101,521
,s;:
450,231
333,284
484,763
18,704,339
19,282,435
7,534,416
2,525,244
14,480,979
oper; income
From Jan. 1—
•
1
Net
income—
oper.
ry.
6,200,364
2,369,240
railway——
from
Net
railway
from
Gross
5,108,726
2,217,877
1,735,526
of 25 cents per share and the
dividend of 25 cents per, share have been declared
stock, par $25, both payable Oct. 2 to holders of
.Like amounts were paid on July 1, last.
In 1943, the company paid an extra dividend of 50
T
•
i Cost
sales
of
Net
$3,317,274
2,054,896
$732,209
$862,889
27,184
27,724
18,492
Cost
and
discount
Prov.
income
and
$3,205,702
1942
$3,364,987
2,628,645
2,556,644
1943
$808,343
$797,720
$675,367
6,120,248
5,426,359
4,465,828
$7,805,113
$6,928,592
$6,224,080
$5,141,195
4,237,150
543,894
3,501,609
3,040,695
2,677,451
505,405
457,487
412,220
673,215
666,221
63,2,314
537,644
$2,350,853
$2,255,356
$2,093,582
$1,513,879
14,419
revenues-
oper.
20,640
27,179
15,496
expenses
Depreciation
26.969
26,738
24,348
24,614
$577,056
rev.
Taxes, other than inc.-
and
*•581,600
-750,000
t*641,000
*279,000
$153,180
$157,387
$213,643
$162,218
33,435
33,435
33,435
Operating Income
Net income
„„
33.435
Dividends paid
(
.
$614,000 in 1943. $523,000
$178,350 in 1941 provision for Federal excess profits tax.
*
Includes
t Adjusted
,.
to
the year instead
1944,
Balance
*
Assets—Cash
U.
in 1942 and
indebtedness,
of
$1,657,144),
depreciation of
£'$49,243; total, $5,396,720.
for
reserve
1,227,805
944,115
454,527
$925,359
$1,022,590
$995,176
Debt
and
Capitalization
$1,290,976
20,071
10,843
35,738
21,337
$389,676
$582,801
$752,727
$1,312,313
78,676
income
Total
113,932
155,653
Depreciation
for U.
Prov.
S.
Series
B,
4%, due
Series
D.
3l/2%, due 1964
stock
1970
:
(par $20
per
—
share)
stock (par $20), series B
Preferred
$1,524,334; deferred charges,
(shares)
5% (cumu-
Authorized Outstand'g$2,000,000 $2,000,000
3,000,000
3,000,000
5,000,000
5,000.000
350,000
350,000
100,000
150,000
(shares)
lative)
-
Underwriting—The names of the principal underwriters-"and the
principal amount thereof which each' has severally agreedj'to purchase
follo^:
are 'as
Dillon;
—V.
1st pfd. stock (par $100), $83,800; class A preferential participating
stock (par $10), $610,040; common stock ($10 par), $721,751; capital
"'surplus, $656,675; earned surplus, $752,317; total, $5,396,720.—V. 159,
£
,p. 638.
/
of
of Mex¬
ico
72,148
$0.74
&
Co.—
&
Co.——ZL
159.
2,500,000.
taxes—
.Net income
Earns, per com. share
Co.—Registers With SEC—
(& Subs.)-—Income Account-
(& Subs.)—Earnings—
$942,949
$2,636,814
$2,422,610
290,174
363,993
593,979
712,005
303,356
317,712
611,128
635,460
428,328
431,442
877,296
895,443
t$27,051 > +$170,198
$554,411
$179,702
—
Fixed
charges
Deprec. & depletion
'y
income
„t
Federal
'Net
taxes
$221,806
$225,081
income
1941
$0.93
.
i:
-
CM. A.) ITanna Co.—Earnings—
i
Int.
Federal taxes
•;
$4,016,769
24,425
33,321
781,483
545,403
1,195,953
1,219,114
495,209
385,436
907,148
Deprec,
633,706
$1,025,348
177,053
$1,031,272
$1,868,762
160,664
337,717
Special Offering—A special
share with a commission of $1.35.
$1,885,328
321,328
depletion
&
—
The issue was
Dominick & Dominick.'The sale was com¬
pleted in the elapsed time of 38 minutes.
There were
28 purchases by 18 firms; 2,000 was the largest t^ade, 5
72.536
__
Co.
Hercules Powder
$3,810,684
44,907
favorable.—
offering of 5,500 shares of common stock, (no par) was
made on the New York Stock Exchange July 25 at $86xk
per
$1,995,432
$2,326,466
_t—_—
long-term debt-
on
and officials
V. 160. p. 326.
_)
' V
stated
Heller
E.
taxes.
for the first half of the year, President
that a considerably increased demand for the
the results
on
company's banking services has occurred in recent months
consider the outlook for further expansion in their field as
1944—6 Mos.—1943
1944—3 Mos.—1943
Period End. June 30—
Net income
Commenting
Walter
Pfd.
net
offered by
paid
lege of exchanging their stock for the 4% preferred on
share for share basis, plus $8 in cash and accrued divi¬
dends
Aug. 1 on the shares exchanged, with the al¬
of having their stock redeemed at $110 per
to
ternative
'
,
—V,
250,494
506,818
outstdg.
1,016,961
1,016,961
1,016,961
share-
$0.83
$0.86
$1.50
$1.54
com.
per
160,
•
America—To Amend Certificate—
on Aug.
1 will consider changes in the preferred
stock. indenture.
The sinking fund would
be eliminated after the
Stock has been reduced to $2,000,000; the liquidation or redemption
premium would be reduced from $10 to $5; a payment of $5 a share
would be
made
on
the
preferred, and the preferred stock would
entitled
dividends
in
are
to
elect
one-quarter
160,
arrears.—V.
p.
of
10.
in
directors
the
»
'
-
income
Total
for
Miscellaneous
stockholders
become
from
Provision
Hat Corp. of
The
Haverhill Gas Light Co.—Earnings1944—Month—1943
...
Period End. June 30—
Operating
preferred stock ($100 par) is entitled to cumulative divi-"
1, 1944.
Dividends payable quarterly: February, etc.
Redeemable in whole or in part at any time on 30 days' notice at.
4'/o
The
the
if
plus
prices
following
share
redeemed
on
on
tPederal
Foreign
the event,
'
V
Net
,
excess
Operation
'•
Maintenance
)
*
Taxes
*
Net oper.
28,676
99,157
$6,350
$106,913
$89,960
5,281
5,339
$9,731
$7,083
$112,193
$95,300
2,917
2,917
.35,000
35,000
"
\
Balance'
Retire,
/
———
reserves
i
accru—
'
income
Gross
Interest
Net
$77,193
$4,167
$6,814
——
534
534
$4,121
$76,659
$59,765
54,054
$6,793
income
49,140
*, Dividends declared
P—V.
if
159,
p.
'
■
2635.
r);;■<. ■
•;
Hawaiian
Electric
l 000 1st mortgage
^
and interest.
~
•
Co.,
~Y"Y:'T" ''Y;Y"i'V
"Y-,
■
.
:■- ."'yy/Y;
Ltd.—Bonds Offered—Dillon,
Co. on July 27 offered $5,000,-
bonds, Series D 3%%, due 1964 at
Bonds
Feb. 1, 1964. The
are
105
dated Feb. 1, 1944 and are due
issue has been
oversubscribed.
,
of the Kingdom;
limited by its
50 years from
Aug. 9. 1937.
't;:./
Purposes—During
1942
and
1943 the
company has
expended
$5,700,698 for additions, improvements and betterments to its plants
:
Company—Company was incorporated under the laws
Hawaii
on
Oct. 13, 1891.
Corporate existence is
<-
of
I
articles
j
-
...<
Read & Co., and Blyth &
\
$60,300
46
21,
charges
of
association,
as
amended,
to
a
term
of
$2,141,182 in
$1.46
,
tAfter deducting post-war credit of
1943.
' "
Proceeds—The proceeds of the €0,587 shares of 4%
preferred stock are to be applied to the redemption of the outstanding
like number of shares of preferred stock (7% ) ahd $6 preferred stock
of the company.
v';'■
'
S '
Company—Company was incorporated in Maine May 6, 1915.
Cor¬
porate existence is unlimited as to time.
It has no subsidiaries or af¬
filiates.
It is qualified as a foreign corporation to. do business in the
States of Idaho, Oregon and Nevada.
^
Company is an operating electric public utility engaged principally
in the hydro-electric generation, transmission, distribution and sale of.
electric power and energy.
Ft operates primarily in the irrigated sec¬
tions of the southern and central parts of the State of Idaho, and to
a small extent in the eastern part of Oregon and northern Nevada.
It
sells electric
service- at retail to residential,
farm, commercial and
industrial customers
and at wholesale t<F municipal and other cus¬
sells
of
capital
$16,945,850;
surplus.
treasury stock. Dr$ 1,577,475;
Hiram
$4,112,456: earned surplus,
total, $90,720,917.—V. 160, p.'
Walker-Gooderham
$1.86
in 1944
including public utilities Incidental to its business, it also
cooperates with dealers'' in the sale of electric appliances,
substantially curtailed due to war con¬
1
*
,
' - v
11
v Y'-\, ■. •
. k
''
activity, however, is now
.
material change in the nature of the company's
years.
/•-•-
There has been no
the past five
during
Capitalization Giving Effect to Present
Funded Debt and
mtge. bonds, 314%. ser.
stock:
Capital
income
Depreciation,
Income
interest,
and excess
etc.
profit taxes
& Worts, Ltd.
$18,802,040;
327.' ;
(& Subs.)
1943
1942
$15,759,942 $17,045,777 $12,138,114
1,318,220
1,339,748
1,474,778
8,473,896
9,002,883
5,604,373
1944
$5,967,826
profit
Common
shares
Earnings
per
—V.
159,
p.
•
$6,703,146
outstanding
721,537
721,537
share
$7.69
$8.71
common
1657.
Financing
Outstanding
Authorized
.
V
$18,000,000
.
.
.
cumul.
shares
ber of
t
450,000 shs.
($100 par value)—
($20 par value).-
pfd.
redemption and to authorize the same aggregate num¬
of the 4% preferred stock in lieu thereof.
stock upon their
(100,000)
Summary
12 Mos.
of
Earnings
•'
•
12 Months Ended Dec. 31
Ended
revenues
retire,
Prop,
—_
res.—
1,914,027
$6,736,049
1,690,026
1,807,363
..
750,000
700,000
600,000
1,011,875
1,083,816
'
■'
'
43,800
45,000
85,444
$2,900,144
4,396
$2,934,015
4,311
$2,038,985
$2,904,541"
taxes
542,426
236,500
488,300
181,000
profits—
excess
554.113
308,000
262,000
profits
States
-
than excess
Fed.—other
•Fed.
301,886
288,513
290,765
1,090,340
750,000;
—
1941
$6,857,258
1,874,255
.
than inc.— / 1,091,362
other
Taxes
/
338,365
expenses
Maintenance
__1
1942
1943
$7,292,376
$7,480,699
—
Operating
$2,938,327
$2,044,532
—
92,292
\
••.'/ r;-,
Net
oper.
Other
revenues-^(net)—
income
income
Gross
fixed
charges
fixed
Total
Net
than
other
Deductions
.
5,198
$2,076,962
'
1,054,978
12,407
9,984
,
657,496
697,913
766,152
$1,225,851
$1,334,211
414,342
$1,300,825
414,342
$1,293,166
•Company's
5,547
620,340
charges—
stock
$2,071,763
991,024-
——
income
Preferred
406,554,"
401,882
divs._—
the
the
Federal excess profits tax liability is computed on
such basis being the average earnings of
1936 to 1939, inclusive, as defined by the internal revenue code.
The company's Federal income and excess profits tax returns have not
been included in any coinsolidated return.
. :
;
:
The annual dividend requirement of the 4% preferred stock will be
years
*
$242,348.
'*
-
On
June
the electric
*
"■
"
*
the
hy
'
1944, the company entered into a contract
properties of the West Coast Power Co. located
which
Idaho,
•
serve
company.
5
Co. Properties in Idaho
12,
,
to purchase
in southern
small areas adjacent to the territory now served
These properties consist of four separate systems.,
systems are interconnected (at Bourne in western Idaho,
and at Ice Caves and Richfield in south central Idaho) with the. sys-;
Two of these
tern
the
which supplies at wholesale to the West Coast
large proportion of the electric power and energy which
to its customers in these areas.
Company intends
interconnect its lines with the two remaining systems (at New
to
the
of
Co.
Power
company,
a
resells
latter
Meadows, and
at
or
near
Cascade)',
after which
the entire property
as
a part of the company's interconnected
price of all the properties is $685,000, which
paid from cash available therefor in the company's treasury.
be
The
purchase
operated
Underwriters—The
of
centage
Blyth
&
Lazard
—V.
names
the remaining
follows;'
as
$5,058,963
724,004
$6.40
'
r
Purchase of West Coast Power
are
Net
,
due 1973
+60,587 shs.
Common
450,000 shs.
•The amount of first mortgage bonds issuable is,limited within the'
maximum of $100,000,000 (or such other maximum amount as may be
fixed by supplemental indenture) and by property, earnings, and other
provisions of the mortgage and second supplemental indenture thereto.;
tOn June 23, 1944, the certificate of organization and by-laws of the
company were amended, effective as of Aug. 1, 1944, to elimipate tho
provisions relating to the preferred stock (7% ) and the $6 preferred
4%
will
Months Ended May 31—
Total
•
•
First
"average earnings basis,"
'
—Earnings—
9
.
and
which
$482,893
Consolidated Balance Sheet, June 30, 1944
'
Assets—Cash on hand- and on deposit, $5,876,866; U. S. Government
securities,- $26,219,762; accounts receivable (less reserve of $800,384),
$9,141,421;
inventories, $13,463,109;
cash and reimbursable items,$8,546,250; other assets,- $4,047,672; plants and property (less reserve
for depreciation of $33,317,640), $18,194,883; goodwill, $5,000,000; de¬
ferred charges, $230,954; total, $90,720,917.
Liabilities—Accounts payable, $3,652,134; accrued accounts, $1,393,523; deposits for returnable containers. $1,291,634; contract advances,
$1,260,000;
preferred .dividend, $131,232;- Federal taxes (estimated),!
$17,780,215;
advances and
accounts payable, $8,546,250;
deferred
credits. $22,843; reserves (net), $8,740,815; 6% cumulative preferred
stock (par $100), $9,619,400; common stock (1,355,668 shares, no par),
.
262,464'
1,316,710
;
385,554
;fY 734
net
$2,716,789
1,316,710
share—.
31,432
405,290
799
•
inc.,
28,497
depreciation and amortization of $1,975,788
106,131
2,769'
$8,931
revenues
Non-operating
common
1943.
in 1944 and $964,730 in
.
\
per
1,102,987
* 8,682,572.
$2,182,174
262,464
*_
•After deducting
and
—
1,103,508
4,346,034
36,546
J
j;—
7,949
9,524
——
Earnings
185,313
-—159,375
dividends
dividends
L
Idaho.
Registrar, Idaho First National Bank, Boise,
,
—
profits tax
and excess profits taxes
earnings
Preferred
$603,348
$649,766
deductions
income
Dec. 31, 1954; $104 per share if
Agent, Boise Trust Co., Boise, 'Idaho;
before
or
Transfer
thereafter.
case accrued dividends:
$106 per
Dec. 31, 1949; $105 per share if re¬
each
in
before
or
and
thereafter
redeemed
•
1944—12 Mos.—1943
$46,480
29,413
$51,626
30,692
£,479.
revenues
$8,040,513 $13,527,546200,000
800,000
12,876 <
11.388
—
contingencies
U. S. capital stock taxes
Normal and surtax
Common
rf.il'
$52,096,331 $61,137,960
7,895,170 13,421,179
—.—I
145,343
■
106.367
revenues
operations
Other incoipe
*
•Profit
326.
p.
and operating
Net sales
500,300
1,016,961
"
1
(
dends from Aug.
Operating
1943
1944
253,937
period
during
Common shares
taken pursuant to the ex-'
shares were
share; 39,587
change.
.
Mar. 31/44
Earnings for Six Months Ended June 30
dividends paid
Common
Earns,
inc.
corp:
dividends
1762.
p.
Offered—Blyth &
a
the smallest.
Consol.
159,
Co., Inc., Lazard Freres & Co. and Wegener & Daly, Inc.,
on July 27 announced that they have sold 21,000 shares
of 4% preferred stock of the company, representing the
unexchanged portion of a total of 60,587 shares recently
offered to holders of the company's 7% and 6% pre¬
ferred stock.
These holders had been offered the privi¬
$288,997
$0.85
Earns, per shr, on com.
■ $10.67
$0.66
■'After all charges and provision for Federal income
:
tDeficit.—V.
income.
on
Power Co.—Preferred Stock
Idaho
business
1942
$270,391
1943
1944
6 Mos. End. June 30—
•Net
$994,807
revenues
•taxes
1944—6 Mos.—1943
1944—3 Mos.—1943
-
Net
.
a
yy
$1.67
••
—V. 159. p. 2521.
ditions.
2303.
p.
(Walter E.) Heller & Co.
registration statement with the SEC for
£' $450,000 first mortgage convertible 5J/2% bonds, series A, maturing
serially from 1945 to 1964, and 45,000 shares of common stock ($1
t
par).
The shares are reserved for issue upon conversion of the
$450,000 first mortgage convertible, bonds.. >
e'
The offering price to the public will be supplied by amendment.
The underwriter is P. W. Brooks & Co., Inc., New York.
The proceeds
will be applied to the redemption of a bank loan.
has filed
company
310,558
$770,028
$0.94
$340,991
$0.52
164,709
$432,365
127,879
$238,852
income
.
The
231,727
Canada
and Republic
Dominion
tomers,
72,500,000
Read
Witter
Dean
„
Hanchett Manufacturing
v
Federal,
.
(Giving Effect to Present Financing)
'
$1)7,591; first mortgage sinking fund payment, $64,000;
(net), $1,021,703; bonded indebtedness, $820,000; 7% cumul.
reserves
1,238,998
$1,006,532
taxes
Common
$603,870),
i
79,672
mortgage bonds-Series A 4%, due 1958
Liabilities—Accounts payable, $316,853; accrued salaries, wages, taxes,)
interest, .and expenses, $215,274; dividends payable, $16,718; Federal
income and
excess
profits taxes (less U.' S. Treasury tax notes of
1
$7)6,989
Application
Net income
Funded
cash surrender value of life insurance on executive employees, $65,509;
other assets, $108,879; land, buildings, machinery and equipment (less
.,
$1,529,376
154,055
First
inventories, $1,285,497;
reserve), $1,034,416;
(net of $30,500
$2,120,761
122,830
income & exc.
profits
.
$2,275,996
119,741
deductions
Prov. for
.
$2,365,272
income
Gross
Income
deposits in banks, $378,842;
$950,000; notes and accounts
demand
and
hand
on
certificates
Govt,
S.
receivable
(
$571,958
deemed
^
Sheet, June 17, 1944
'"
*
Other income
reflect proportionate share of actual tax accruals for
of mid-year estimates made before applicable law was
^Includes $25,000 for contingencies.
enacted,
,,
in
$446,400
1940
$2,219,836
1,544,469-
1941
$3,512,856
2,715,135
7,228,056
non-util.
$468,187
$881,381
$931,735
Total
taxes—
approximated $7,159,000
energy
Summary for Calendar Years
rentals
revenues
Operating
expense
Federal
for
State
electric
of
sales—
of
Total
bond
of
amort,
2,835,206
$369,605
Operating profit
Miscellaneous income
•No
Earnings
indebt.
bonded
on
and
$4,126,182
2,525,154
i
costs
is also engaged
sales
Net
13,301
$759,393
income
Total
$3,242,144
1,246,083
*
Utility
-
sales
gross
$454,885
income
$1,818,042
1,186,431
metals
of
sold
from the company's treasury.
Oahu.
of
363,451
$904,011
'
Int.
or
in merchandising of electrical equipment,
of con¬
tract wiring and repairing of electric apparatus,
'
//Yy /' y
Company also owns and operates a cold storage plant for the storage
of general merchandise in Honolulu.
Company also owns and operates a plant for the manufacture of ice
and distributes ice in Honolulu and to various districts on the Island
$2,637,448
1,819,112
399,488
444,152
297,440
profit from oper
'$1,556,036
value
Operating
a
Non-utility revenues—
ministration exps.
J Other
is
1943.
Company
ad¬
and
general
Sell.,
in
cents per share
June 20/42 June 14/41
$4,184,359
2,836,196
$3,336,846
2,307,198
ances)
The
258,256.
allow-'
and
returns
2,594,979
sundry
Navy establishments,
(less disct.,
Gross sales
1,575,382
fixtures, appliances and accessories, as well as in the business
June 17/44 June 19/43
Ended—
6 Mos.
873,830
depreciation and other reserve accruals, con-<
realizations, and undistributed income
from
contributions,
ing the City of Honolulu", sugar and pineapple plantations, Army and
and numerous towns and villages.
According to
the
1940
census
the population of the entire territory
served was
usual quarterly
on the common
record Sept. 8.
Two Rivers, Wis.—Earnings—
Hamilton Mfg. Co.,
'
-•
$6,721,161
746,160
'
10.—V. 160, p. 326.
Dec.
on
has been or
public utility engaged principally in the
production (including purchase), transmission, distribution, and sale
of
electric energy for domestic,
commercial,' industrial, agricultural,street railway,
and governmental purposes on the Island of Oahu,
Territory of Hawaii, U. S. A.
All electric energy produced by the
company is manufactured in steam power, plants which use fuel oil/;
imported from sources outside the Territory as fuel.
Company has no water power plants.
Except in very isolated instances the company
furnishes electric service in all sections of the Island of Oahu, includ- /
Distribution of 25 Cents—
; An extra .dividend
years 1942 to
the approximate amount of $4,137,455,
in
Business—Company
,
10.
Gulf Oil Corp.—Extra
of plant expenditures for the
$9,230,428
arising during this four-year period,
18 issued a certificate permitting abandonment by
branch line of railroad extending Trom Muldon to
approximately
8.77
miles, in Monroe County, Miss.—
Aberdeen,
of
obtained
be
sumers'
VY
The ICC on July
> the company of a
V. 160, p.
total
inclusive,
should
?.Abandonment—
:
$4,817,526
'■■■■>
company's plants and properties to be made prior to the close
1945.
The remainder of the funds required to complete the esti¬
1945,
11,083,238
3,611,609
$2,691,872
Net
by
mated
;
$2,302,196
Marketing, -smelt., con¬
verting, refining, etc.
the
of
1944—6 Mos.—1943
1944—3 Mos.—1943
Gross value of metal sold
equal principal amount of the company's first mortgage
bonds, series C, 4%, due Feb. 1, 1963, in the principal amount of
$3,500,000, and (2) to provide additional funds for the purpose of"
paying part of the cost of the additions, improvements and betterments
to
1944
/yyS
exclusive of accrued interest, will be used: (1) to pay tho
collateral promissory notes due June 1, 1948, which are
company,
secured
Co.—Earnings-
Period End. June 30—
company's 3 %
Ohio RR.—Earnings-
&
y: /
Howe Sound
in progress at Dec. 31, 1943, and
and betterments to its properties
and 1945, the company estimates the further expenditure ,
of $3,529,730.
Of this total expenditure of $9,230,428 the company
has obtained to date from outside.sources $3,500,000 from the pro¬
ceeds of its 3% collateral promissory notes due June J., 1948.
The net ;
proceeds from the sale of the series D bonds to be received by the
during 1944
10.
p.
June—
Gross
and properties.
To complete the work
to provide for additions, improvements
RR.—Earnings—
Grand Trunk Western
'June—
431"
THE COMMERCIAL & FINANCIAL CHRONICLE'
Number 4303
,
Co.,
Freres
,
of the principal underwriters and
shares
*
&
Co
;
.
the per¬
by them severally
,
Inc.—_——45%
160, p. 118.
to be purchased
system/
will be
45 %
.-
Wegener & Daly, Inc.
10%.
1944—G Mos—1943
1944—Month—1943
ft
oper.
revenues
oper.
expenses
accruals—
123,456,602
2,892,258
27,309,007
2,351,464
391,816
79,833,644
and joint facil.
Net
Dr)
(net
rents
ry.
_________
3,261,637
16,167,691
21.279,576
90.571
641,680
457.764
4,264
4,594
30,721
30.884
-
deductions
Miscell.
■
available
Income
1,068,403
providing
•After
160.
The
and
Federal income
for
14.404,587
10,264,597
♦_
profits taxes.
excess
RR.—Equipment Trusts Awarded—
St. Louis, submitted the top bid received
for the salle of 5690,000 equipment trust cer¬
National Bank,
First
by the company July 26
tificates.
The bank offered
for
100.3677
2%
a
The cer¬
coupon
secured by equipment costing approximately $869,000,
arc to mature in
20 semi-annual instalments.
Kidder, Peabody
Co.
was second
with a bid of 93.30 for a 1%% coupon. Other bids were
received from Mercantile Commerce Eank & Trust Qo. of St.
Louis,
be
to
tificates,
International Railway
Revenues—-—.
Expenses and
Depreciation
Retirements'
Sales
expenses
___—
$2,854,476
$3,819,258
$2,444,797
2,270,564
49,449
1,908,707
3,0(35,045
46,173
115,392
132,023
128,740
profit from oper,
charges (net)—
Net
$221,113
32,468
$402,440
$579,299
22,445
*16,556
track
taxes
prof,
exc.
and
in
87,000
220,000
75.000
8,000
1
.
Crl 1,371
reserve—
income
Earns,
"Reduction
The
directors
post¬
on
payable
Feb.
25
and
cents,
p.
cents per share
21 to holders of record Aug. 4.
20, last, which compares with 40 cents
Aug,
May
Aug.
15,
15, 40 cents each.—V,
and Nov.
16
Feb. 26,
paid:
159,
1763.
Incorporated Investors—Quarterly Report—
the
Sept.
1944, the total net
three months ended June 30,
the
During
assets
outstanding shares,
represented by 2.370,305 shares outstanding.
The net
share increased from $20.84 to $22.76, or 9.2 7*.
increased from $49,600,987, represented by 2,380,528
to
$53,936,461,
asset value
per
Earnings
30
1943
1942
1941
$365,970
$458,906
$458,996
1
1944
$528,791
dividends-
from
Income
Ended June
Quarters
for
+ 6.961
\ 11,946
173,607
$535,752
Interest
$377,916
$632,513
-
:.
Management
59,80.9
1,
4,614
agent's fees <fe
11,612
-
1,903
expenses,
1,605
1,148
dividend
$310,382
669,966
-
696
$394,893
453,818
$583,153
473,182
397,414
paid—
Balance
2,694
.969
$456,764
income
Net
1,963
1,124
expenses
Miscellaneous
Sheet, June 30,
1944
Assets—Cash, $2,923,259; U. S. Treasury bonds, $451,406; other bonds,
total, $54,694,170.
$218,244;
Liabilities—Management fee
payable
able
purchase
for
for
able
of
payable July 1, 1944, $67,421; accounts
investment securities, $11,654; accounts pay¬
repurchase of shares for the
July
provision
$87,982;
treasury, $68,082; dividend pay¬
provision for Federal
income taxes,
for estimated Federal capital stock tax and Massa¬
1944,
31.
$473,182;
chusetts
excise
936,461;
total, $54,694,170.—V.
tax,
$37,207;
accrued
159,
'
\•
r
expenses,
$12,183;
for bond interest—
243,860
in
1943.
until
the
contract,-
in the oil
under present tax rates will
developed our earnings as a
substantially increased."—V. 159, p. 2198.
be
.
Telephone
&
order
to
Radio
&
took
Corp.
action
and
debentures
income
All America Corp. and
July 24 to redeem all
warrants respectively on
on
price
for
All America
of
amount
Commercial
the
Mackay
income
Corp.
series A and
Corp.
such
each
represents the right to purchase.
be made and subscriptions for
the
attached
the warrant.
to
Corp. and of All
25 year
collateral trust 5% gold bonds and 57*
debenture stock (which latter
are
entitled to receive upon presentation of their certificates to the
Bankers Trust Co., 16 Wall St., New York, N. Y., in respect to each
$1,000 principal amount of 5%
gold bond or £206 principal amount
of 5'k
debenture stock, certain securities of the above three corpora¬
Holders
of
scrip certificates of Commercial Mackay
and holders of Postai Telegraph & Cable Corp.
America Corp.
tions)
therefore; have an interest in the call for redemption of Com¬
Mackay
and All
Corp.
Cable
Radio
&
International
The
Corp.
American
Corp.
warrants.
Telegraph
income
debentures and
which owns war¬
rants
entitling it to purchase a total of 378,764 shares of common
stock of the American Cable & Radio Corp. and Commercial Mackay
Corp., v/hich owns warrants entitling it to purchase a total of 283,808 72
shares of common stock of the same corporation, do not propose to
exercise
their
rights to purchase and they will present such war¬
rants
for redemption.
Therefore,
the maximum number of shares
that may be purchased on the exercise of warrants will not exceed
512,01472
Telephone
&
Corp.,
Radio
and Commercial
Mackay Corp. acquired certain cable and radio properties previously
owned by Postal Telegraph & Cable Corp. and International Telephone
& Telegraph Corp., in
1940 in connection with the reorganization of
Postal Telegraph and Cable Corporation.
At the time of the acquisi¬
tion of these properties Commercial Mackay Corp. issued approximately
$8,100,000 4 % income debentures, All America Corp. issued approxi-.
mately $4,300,000 4%
had
Corp.
All America
Corp.,
income debentures
and
Corp.
American
outstanding
approximately 3,040,000
Telephone & Telegraph Corp. owned
160, p. 11.
ternational
of
of
Cable & Radio
of which In¬
approximately 2,027,-
shares
.
.
of
$34,900
with
the
requ:red
funds
to
accrued
pay
with
of
Feb.
plan of
a
Co., filed by the old
company
11 <bt of the Public Utility Holding
Section
and,
and
with
connection
in
Gas
amended,
as
the
Southern
the
for
Court
by
effective
declared
was
District
S.
U.
*
Florida.
the
1,
is
of
As
provisions
1943, all
the
first
company
of
the
of
the
plan,
of
the
the
company
all
done
business
of
by
assumed
and
assets
continuation
a
March
manufactured
the
old
company.
with
such
1944, the company served 17,342 customers
and 558 customers with liquefied gas.
Of
31,
gas
customers, 16,676 and 534, respectively, were domestic customers, the
rest in each" case being commercial customers,
with the exception of
industrial
22
mercial
served
customers
served
customers
major restaurants
in
stock
all
the
of
The com¬
hospitals and
gas.
hotels,
Giving Effect to Present Financing
Authorized
Outstanding
Capitalization
Common
manufactured
with
include
Jacksonville.,
First mtge, bonds, 4%
series due
1969
$1,745,000
$2,000,000
36,466 shs.
40,000 shs.
$5)__—_______
(par
Summary of Earnings
Years Ended December 31—
3 Mos. End,
Mar. 31, '44
Operating
1942
$896,811
$767,567
164,886
558.419
490,125
1941
$692,643
454,449
$129,809
$338,392
24,607
73,577
$277,442
66,734
$238,194
59,507
$105,202
$264^814
893
4,339
expenses
Net operating income
Prop, retire, provision—
Net
1943
$294,698
Operating revenues
operating income.
Other income
_________
$178,686
3,177
$210,707
3,176
-
i
*
*IV
♦Gross income
———•
Fed.
income
bonds,
4%
principal
are
$181,864
$213,884
46,200
-
♦24,300
etc-
estimated
annuaal
...
■
before
bond Interest,
"After
The
V
$269,153
20,400
;
profits tax_
excess
Gross
——•
$106,095
— _
Federal normal & surtax
series
due
1969,
the
$213,884
$198,653
credit of
requirements
$181,864.
$2,700.
the
on
first
$1,745,000
mortgage
will be $69,800.
the
of
names
of
amount
$85,695
.
post-war refund
interest
bonds
each
has
agreed
purchase
to
Amount
Name—
Central
C.
A.
the
and
underwriters
several
which
follows:
as
Republic
(Inc.)—
Co.
$695,000
250,000
—
Allyn and Co., Inc
Alex.
Brown
Stein
Bros.
Patterson,
Clement
Sons—
&
&
A.
250,000
250.000
200.000;
100,000
Boyce
Copeland
Evans
&
Kendall,
&
Inc.
Inc
Co.,
Bonds Called—
All
the
of
been
called
outstanding
for
first
redemption
mortgage
of
as
5%
24,
Aug.
the Florida National Bank of Jacksonville,
at
—6 Mos.-June 30—12 Mos. End.
An issue of
acquired as of
the liabilities
(except
mortgage bonds,
income
debentures, and income
notes)
of
the
old
company.
In consideration
of the assets so,
acquired, the company has issued or reserved for issuance all of
the company's securities, consisting of $1,745,000 first mortgage bonds,
5%
series
due
1967, and 36,466 shares of common stock
(par $5).
All
of
the
physical property owned bv the
company
is property
acquired from the old company (except for additions and retirements
made
subsequent to Feb. 1, 1943), and the business done by the
shares.—V.
Investors Mutual, Inc.—Earnings—
—
together
applied,
incorporated
1935,
SEC
Underwriters—The
&
be
provide
was
comply
the
shares.
Cable
will
Jacksonville
of
Act
of
District
Telegraph Corp.—Three
Debentures And Warrants
will
Company
orders
$152,557
All payments of redemption
stock received at the offices
tespective corporation, 67 Broad St., New York, N. Y,
At
any time up to the close
of business on the redemption date
holders of American
Cable &
Radio Corp, warrants may purchase
shares of the capital stock of that corporation as specified in their
warrants either by payment in cash or by surrendering an income de¬
benture of Commercial Mackay Corp. or an income debenture, series A,
of All America Corp. of the required principal amount
(without allow¬
ance or adjustment for any interest thereon),
provided such debenture
capital, $53,-
the company
field should
gas
proceeds
reorganization
1,
series B debentures in
income debenture plus interest
thereon from Jan. 1,
1944 to the date fixed for redemption at the
rate of 4% per annum.
In the case of American Cable & Radio Corp.
warrants the
redemption price of each warrant is 25 cents for each
share of common stock of American Cable & Radio Corp. which such
2417.
p.
1
stated, but the outlook is "certainly encouraging,"
or
Company
$91,303
,
of Commercial Mackay Corp,,
and
principal
000
oil
250,000
about
1
months
to the redemption date from its general funds.
History and Business—Corporation was incorporated in Florida
$102,152
229,181
,
1944.
American
$5,732,108; common and preferred stocks, $45,116,153; accounts receiv¬
able from sales of investment securities, $173,993; accounts receivable
from sales of capital shares,
$79,007; dividends and interest receiv¬
able,
terest.
628,834
Under
redemption
mercial
$458,996
45.085
15.628
35,173
8,539
Taxes
Transfer
Cash
*'..
67,421
fees
^
/r-
bonds
Cable
American
Total
i
several
next
interest
$720,138
392,367
^
outstanding
The
is
to
revenue
was
thereof might be
$494,519
prices will
In 1943 the following dividends were
1944.
15.
net
good
a
Purpose—Net
140,000
removal, etc.—
before prov.
directors
The
of
with
second
the
test.
the
cash
in
the sinking fund, to the
redemption, at 100. of all oi the
company's outstanding first mortgage bonds. 5% series due 1967, such
redemption requiring the sum of $1,745,000, exclusive of accrued in¬
529,098
$127,030
American
warrant
July 20 declared a dividend of 25
on
stock,
capital
the
like amount was paid on May
on
equal to expenses
contingencies
for
reserve
Pay 25-Cent Dividend—
To
A
$3,09
products included under income charges.
war
on
in
$308,723
$3.24
$336,854
$3.54
$297,265
$1.90
share—
per com.
income
debentures
$192,016
:
22,822
5,059,184
159, p. 1863.
the
Net
1,100
■
income,.
International
of
contingencies •Reduction
1943
•
Units To Redeem Outstanding
and
and
over
$1,745,000 first mortgage bonds, 4% series, due 1969, was
offered at 104 and interest July 20 by Central Republic
Co., (Inc.), A. C. Allyn & Co., Inc., Alex. Brown & Sons,
Stein Bros. & Boyce, Patterson, Copeland & Kendall,
Inc., and Clement A. Evans & Co., Inc.
Bonds are dated
June 1, 1944, and are due June 1, 1969.
Feb.
$412,279
30,175
inc.
Fed.
for
Prov.
~~V.
82,251
Income
.
,
Deficit
(incl.
res.)_
flow,
24-hour
,a
continued
Jacksonville Gas Corp.—Bonds Offered
$6,331,242
41,560
gen.
conting.
open
on
be
great, it
"If
result
1941
cornp.
and
Admin,
will
Company
1942
'2,959,319
61,117
goods sold___—
of
Cost
Selling
and
1944
„
deductions
y,
Interest on
1943
1944
$3,356,941
be
not
$5,896,253
4,745,998
514,636
,
taxes—.
operating
Net
wholly-owned subsidiaries)
(And
feet
flow
open
property is thoroughly tested.
Under the terms of the lease
Island Creek Is retaining
approximately a two-thirds interest
and gas produced.
(Buffalo)—Earnings—
—
___
Provision for
Income
—
,
.End. June 30—
cubic
feet
Drilling
Vice-President—
6 Months Ended June 30—
^
9 Mos.
its properties in Logan
on
gas
Chairman, announce
with Columbian
contract
Mingo Counties, W. Va.
Drilling has been under way for the past
days and two gas wells have been brought in, one with about
cubic
July 25.
In his capacity as Vice-President Mr.
Siefkin will have supervision
over the company's personnel and
labor relations departments and the
group handling salary administration.
For many years general attor¬
ney
of the company, he will continue to handle the duties of that
position.—V. 159. p. 2198.
Illinois Zinc Co.—Earnings—
Davis,
B.
lease
relations. Fowler McCormick, President, s.nnounced on
Net
Harris, Hall & Co. (Inc.)—V. 160, p. 11.
Central Republic Co,, and
T.
and
company has entered into a
Co. for exploration of oil and
5,0C0,000
per
118,
P.
Illinois Terminal
•
1,193,316
2,154,298
7,301,869
6,514,053
_______
60
Eiefkin has been elected Vice-President in charge of. indus¬
Forest D.
1,424,034
charges
and
Co.—Has Two Gas Wells—
Coal
Francis, President,
the
Carbon
21,706,456
16,778,650
trial
•Net income
that
D.
Increased
3,347,614
2,492,437
_
Island Creek
James
since.—V. 158, p. 772.
none
year;
cents
International Harvester Co.—New
Interest, rent tor leased
railroads
and
other
fixed
Distributions
Vk
of
Monday, July 31, 1944
denier
share has been declared on
stock, par $1, payable Aug. 1 to holders of record July 22.
of like amount were made on Aug. 14 and Dec. 13, last
dividend
interim
the common
for
fixed charges
high
of
Ltd.—l^-Cent Div.—
International Coal & Coke Co.,
An
2,403,490
93,211
income
oper.
Other income
_____
production
the
scrapping of certain property items, will be charged against opera¬
tions of the additional facilities, when completed, but prior to Dec.
31, 1944."—V. 159, p. 2417.
3,219,775
4,450,834
Equipt.
for
plants
19,123,607
609,231
13,770,749
tax
Painesville
and
products the company incurred alteration expenses of $441,540.
"This
amount, together with $127,077 representing losses from abandonment
and
•
20,353,367 127,409,341
81,521,179
13,590,241
21.016,889
Railway
S
$
$
Railway
Railway
Cleveland
of System—
Illinois Central RR.—Earnings
Period End. June 30—
V.
FINANCIAL CHRONICLE
THE COMMERCIAL &
432
bonds,
1944,
at
due
100
1967, have
interest
and
Jacksonville, Fla.—V. 160,
119.
p.
_
Brownhoist
Industrial
Profit
from
Prov. for
of
$1,317,334
$1,298,737
111,607
interest
130,165
109,247
18,382
119,000
455,500
Expenses
862,000
865,000
$135,734
■
Price
of
the
corporation
Adjustment
profits
on
war
1943
$456,973
$236,786
also ;subject
are
to
for the determination
contracts.—V.; 159, p. 1973.
76,613
221,828
$610,571
$380,360
9,375
24
$891,444
24
$619,946
$380,384
$891,468
619,806
from investments—__
505,731
757,643
$886,115
$1,649,112
Other income
agencies
RR.
income
on
invests—
income
net
$1,239,753
$182,390
review
by
of' possible
Comparative Balance Sheet
Assets—
Cash
securities
in bank
from
Net
ry,
Co.—Earnings
1944
from
Net
Due
railway
railway
deposit——
1,326,362
Net
from
$730,313
$583,014
345,821
:h
325,557
230,749
84,698
from
Net ry.
—V.
119,281
t
195,474
142,635
5,625,516
4.GG8.402
4,027,395
3.221,462
railway.—
2,500,883
2,024,951
1,G25,330
1,190,157
income
667,932
691,474
964,669
701,906
oper,
11.
160. p.
Iowa
See
Jersey
Broadcasting
Corp.
Total
6
Months Ended
Sales
Corp.
Provision
Net
i
income
Interest,
for
,
to
"Special
Paid
in
dividends
tiation
The
:
___:
for
secur.
liabilities
capital
$636,847
but not
ree'd
•__
stock
$15,440
31,998
3,184237
;
over
cost
of
£534,238
27,113,396
and
Johns-Manville Corp.
Raw
(&
Subs.)—Earnings
&
Co.
and
and
—
1944—6 Mos—1943
$27,274,765 $49,759,262 $51,027,660
$25,308,721
other
materials,
costs
Wages
10,786,351
10,457,007
20,634,204
18,822,199
salaries—9,816,684
10,910,456
19,735,045
21,022,015
669,870
964,703
expenses—
for
Prov.
250,000
975,000
460,060
1,314,943
1,500,000
2,791,114
and
Deprec.
3,202,630
5,271,551
6,221,582
$1,242,194
$1,059,802
$2,693,759
$2,146,921
43,750
43,750
87,500
425,000
425,000
850,000
850.000
$1.46
$1.19
$3.12
S2.42
depletion—
422,378
contingencies-
earnings
Common
Earns,
2,401,944
27,481.
422,228
—
$36,098,470
___
in
Roebuck
merchandising ex¬
field; first with
of
order
1944—3 Mos.—1943
sales
Net
—V.
marketable
securities
shares
Sears,
years
mail
dividends
___
dividends
per
share_
com.
20,862,015
4,715,689
surplus
of market value
of 22
store
Macy & Co. V
Preferred
______
26,073
purch.
Earned surplus
3,869 338
1943.—V.
(no
160,
p.
par)
shares in
$25,873,416
1944 and 2,534,238
(no
11.
103,799
76,132
68,309
$3,076,331
$2,981,429
$3,937 647
excess
taxes
64 000
310J66
116!390
1.891,000
1,818,414
2,985,758
t$874,120
$797,849
$771 499
"SI.09
.__
$1.05
$1.02
share—
Period End. June 30—
Gross
55,000
profits
Iowa Southern Utilities Co.
requirements on .100,009 shares of $4.50 preferred
deducting amounts received from underwriters for accrued
from
March
settlement
but
31.
1944,
to
management
date cf
states
it
sale.
is
of
tSubject to
the
opinion
renego¬
that
159, p. 1974.
Joy Manufacturing Co.—-Earnings—
(And Its
Wholly-Owned Subsidiary, Joy Service Co.)
allowances
Sales, less returns,
discounts
Cost
of
sales_
1943
1944
1942
and
$12,200,105 $10,895,533
___
$7,497,048
9,318,500
8,631.544
756,373
671,258
712,882
$2,125,232
___.
$1,592,731
$1,677,583
Selling, admin. & gen. expenses
Oper.
states
that
in
constructing
&
Other
facilities
at
Fed.
maint._
inc.
taxes
Prov.
for
Net
retirements
oper.
Other
1944—Month—1Q43
$416,373
202,100
$392,659
18-0.849
Operating
1944—6 Mos.
5,106,583
-1943
earnings-
income
the
income
Other income
C9.617
63,120
116,050-
$2,194,850
$1,793,633
57,807
$1,655,851
40,219
4,108
1,537,300
1,055,625
(383,142
) 671.400
$595,635
$560,006
$701,339
$1.55
$1.46
$1.83
$2,406,287
$2,545,529
Total
1,103,682
1,242,942
34,875
29.525
200 Q00
189,825
48,010
taxes
45,714
282,517
275,014
40,000
40,000
240,000
240,000
$91,387
$91,572
$579,170
3,217
21,176
paid, etc.—
;
Interest,
net
4,012
Loss
on
disposition of assets
Federal
and
Federal
earnings-
$95,399
$94,789
$600,346
deducts.-
61,042
62,677
369,163
etc.,
—V.
income
159, p. 2636.
37,752
$587,766
19,546
Interest
profits and income
excess
Net
State' income taxes
}
!
.
$607,312
V'Consolidated Balance Sheet, June 30, 1944
378,670
Assets—Cach
$34,356
$32,111
$231,183
$228,642
U.
on
hand
end
demand
deposits
in
banks,
$1,519,366;
Si; % % Treasury certificates, $500,000; notes and accounts receiv¬
trade (less reserve for doubtful notes and accounts of $171,570),
able,
;.
;
j
profits tax
income
Earnings per share
Total
Net
additional
and
exp.
State
(Del.)—Earnings—
no
profits have been realized.
report
earnings
oper.
dividend
after
ex-^sive
1
with
connected
background
Mr. Macey will take over his responsibilities in the Barrington, 111.,
headquarters office of the company on Aug. 14, 1944.—V. 160, p. 119.
Net
brokers
Accrued
par)
1942
211,212
&
profit
"After
2,905,297
contingencies
etc.
inc.
Earnings per common
stock
a
department
$36,098,470 $25,873,416
———
"Represented by 3,184,237
1943
2,967,532
income
Federal
H.
been
has
has
the
9 Months Ended June 30—
1944
Oper. profit after depreciation
Total
in
perience
and
$10,871,721 $10,381,413 $10,347,161
___
Other
13,122
below.
(& Subs.)—Earnings—
June 30—
300,384
Liabilities
Total
Industrial Rayon
fixtures
and
Dividend payable
Excess
Broadcasting Co., Des Moines, la.—Acquisition—
New
but not del.
117,770
1
securities sold
1935,
Taxes
Due
railway
on
1,351,943
174,669
1941
1942
$797,606
407,864
income
oper.
1943
$946,454'
Prom Jan. 1—
Gross
from brokers
'44 Dec. 31, *43
$34,297,054 $24,-390,580
__:
demand
on
Macey has been appointed to the position of Assistant to
President. W He
Period End. June 30—
Jun. 30,
Marketable
Furniture
June—
Gross
William C.
since
R.
Total
Net income from sales
•Dividends and accrued interest receivable—
Illinois Terminal
Jewel Tea Co., Inc.—-New Official Appointed—
$1,113,272
130,000
income
Total
profit
Note—Operations
Federal
70,000
and
profits taxes—
excess
Dec. 31,'43
1944
$740,572
investments
23,100
46:555
contingencies-—
for Fed. and Canadian in.
from
the
bonds
on
Period Ended—'
Net
facilities
for
Provisions
excess
1942
$748,841
operations
Provisions for
Net
.
Income
1943
1944
depr. of plants and amort.
defense
Prov.
Subs.)—Earnings-
(&
Corp.
6 Months Ended June 30—
a
.jj
-j
Volume 160
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4303
other receivables, $3,238; advance payments to suppliers,;
inventories, at- average cost, $4,369,510;
company's capital
weeks
$1,840,611;
•$9,837;
-
purchased for distribution to employees under incentive com¬
pensation plan (3,693 shares' at cost), $42,660; post-war refund of
excess profits tax, $156,577;
property, plant and equipment, including
emergency facilities (less reserves for depreciation and amortization of
$599,492), $708,023; patents and patent applications (less reserve for
amortization of patents of $7,128), $73,374; prepaid expenses and de¬
ferred charges, $77,644; *total,: $9,301,340. .
ended
July
1944,
15,
2,939, compared with 3,063 stores in
a decrease of 4%.—V. 160, p. 119. -
was
433
of
the
$5
per
the corresponding period last year,
stock
*
payable
Liabilities—Notes
$517,554;"
'accrued
banks,
to
accounts
$1,970,000;
advance payments on uncompleted
liabilities, $365,542; provision for
payable,
sales contracts, $144,550;
Federal and State taxeS
(less U. S. Treasury notes, series C, of $1,180,000),
$924,354;
term
loan, $620,000; common stock (par $1), $384,100;
paid-in surplus, $1,832,466; earned surplus, $2,542,773; total, $9,301,340.
—V..160, p, 11.
based
incqjne
on
Brunswick, N* J.—Registrar
Johnson & Johnson, New
.
The
registrar
appointed
Bank
National
Chase
of the
preferred
the
of
See
of
York has been
par value, and
New
stock, $12.50
"A," 4%, $100 par value.
common
-stock,
offering in V, 160, p. 327.
second
cumulative
City
series
:; La Francia Sugar Co.—Payment To Bondholders—
>v See Cuban Sugar Mills' Corp." above.—V. 134, p. 517. ,
,
Net
La Salle-Wacker Corp., Chicago—Pays Back Interest—
has filed a registration statement with the SEC for
35,000 shares of 5% cumulative preferred stock (par $50).
The companys intends to offer to present holders of 7%
cumulative
preferred stock (par $100), the opportunity of exchanging such holdr
ings for the new 5% cumulative preferred (par $50) on the basis of
one
share of $100 par for two and one-fifth share of $50 par stock',
with adjustment in cash for accrued dividend.
It is the. intention of
the company to call for redemption
at the earliest call date all 7%
cumulative preferred
not exchanged at the call price of $110 per
share
and accrued
dividends. /. Any unexchanged stock acquired by
the underwriters will be offered to the public at $50 per share.
•:
Westheimer & Co., Cincinnati, is named principal underwriter.
.
company
the
on
first
^closed)
tbie
in
24
of 2V2 ty
amount
proceeds will be used for general corporate pur¬
a
stockholders
common
of
issue
new
$1,750,000
It
June—
Net
1944
-
from
Gross
from
market.—V.
the Cincinnati
on
i
158, p.
276,384
143,699
Operating
2,853,460
revenues
—
1,057,504
665,090
—V.
951,664
622,235
1,053,834
652,182
from
;
local
State
income
160.
650,181
•
debt-retirement
Net
profits
excess
160; p. 12.
credit)
.
12 Months
Profit
before
Net
Common
dividends
350,400
profit
3,690,661
2,846,573
Eartiings
per
$808,472
$1,589,578
$1.88
$2,170,269
$2.68
_
share.
common
i
$0.80*
,
*
After preferred dividend requirements and based on 726,284 common
shares.—V. 159, p. 1659.
NOTE—For
order.
mechanical
reasons
it
is
and
-
accrued taxes
income
?
income
Total
net
Interest
(net)
Net income
;
—V.
159,
j
Kansas City Southern
for
and
Ry."
Ry.
revenues—$3,702,293
expenses.—
1,995,208
oper.
oper.
Federal
Other
income
810,000
taxes
168,000
taxes
$1,191,585
20,075
$382,790
$1,413,976
$1,211,660
."f *5
'
**l"*4
•#»
taxes,
of
Ry.
;
$537,941
"
rents (net Dr)_
rents (net Dr)
Net
^v.
income-
oper.
ry.
$3,631,152 $22,286,270 $21,341,506
,
2,085,069
13,095,332 11,911,945
650,000
3,895,000
3,700,000'
185,000
1,008,000
1,002,000
159.
.
$711,084
264,146
10,861
$4,287,938
1,385,052
66,695
$4,727,561
1,463,789
58,438
$479,047
,
$436,076
$2,836,191
$3,205,335
2637.
P.
$1,592,638
$2^268,134
idle
—
The
&
inc.
.
,
debt
&
28,431
76,050
58,013
38,217
i
un-
company
Fed;
'
profits
exc.
Taxes
first mortgage
$49,121,000.
bonds
to
issue of
railroads of the company asked ICC permission
equal responsibility for the issue and said that the $2,121,000
remainder would be provided by them in cash.
<
The
proposal is to redeem the old bonds (due Jan. 1, 1960) on
Jan.
1,
1945, at 105, plus interest.
The interest rate of the new
bonds will be determined by the successful bid.
Overall interest sav¬
ings of $23,800,000 are anticipated.
The company said that if the plan is approved the new issue will
be the company's only bonded debt.—V. 160, p. 224.
,
retire
first
1910
a
Eleven
to
mortgage
depreciation.'
&
Other
proprietary
'
Prov.
for
Operating
revenues
Operating
expenses
Maintenance
Pa.
Minority
Net
6,150)'
225,355
11,653
Fed.
for
est.
inc.
3,918
883
$516,259
1,205,437
$0.29
share
per
$133,893
1,205,437
Nil
.
'
Income
other
from
Total
income
,
$3,238,772
1,885,280
247,261
188,058
—'V.
159,
of
Other income
139,546
281,599
278,860
$131,242
$216,114
$250,431
1944
$8,180,912
254,367
3,911,525
214,962
$2,466,159
$1,872,934
170,752
$668,303
11,983
4,946
1,778
$2,478,141
$1,877,880
Net
from
58,433
33,810
Net
ry.
$2,390,495
867,943
prior years'
a/c
taxes,
of
.ooal
*2,248,338
*1,673,578
idle
provisions
on
funded
and. unfunded
Shaft
a/c
Hazleton
a/c
abandonment
Breaker
of Scott
inventories, $1,329,297; other assets,
property, plant and equipment (less reserve for depreciation
978), $637,407; patents (less reserve for amortization of
$202,518; deferred charges, $28,874; total, $9,642,642.
$22,046), $1,605,267;
payable,
ance,
stated
and
taxes
demolition
-
to
for
—V.
income
$167,883;
of $843,$279,508),
directors
The average
'
;
35,255,558
'
'
$
*'•'"
•'
' ''
'tS>
32,669,330 235,809,842 227,530,028
number of Kroger stores in
*.
2,651,512
1,277,606
I
on
July
20
declared
dividend
a
' v
.
Dividend—
of $3
per
share on
payable-Aug. 30 to holders of record July 27;
This
$2 paid on March 3, last.
In 1943, the following
made: March 3, $2; Aug. 30,-$3; and Dec. 24, $2.—
with
payments were
160, p. 13.
Dept. of Public Utilities for
notes not exceeding $1,000,000 at not
the outstanding 4Vzc/o bond issue of
$950,000 of March 1, 1936 and for the approval of not over 30,481
preferred shares and the purchase and retirement of not over 30,000
shares of common stock and not exceeding 481 of its Series A shares.
Hearing on the petition will be held July 25.—V. 159, p. 640.
1,052,108
443,715
229.765
20,762
.
12,376
9,210
4,563
$1,597,748
$1,018,266
$0.76
$0.28
interest*
has petitioned the Mass.
company
approval of an issue of bonds or
over 3V2%
per annum to retire
profits
Macfaclden Publications,
O. J.
Larger Divi¬
the
common
on
$1,
par
distribution of 25 cents per share was made on Feb. 15
and May 12, last, and in each quarter during 1943.
It was further recommended that the stockholders meet in the near
1.
Aug.
future
date
was
consider
set for
a
the
split-up of the stock
meeting.—V.
Loft Candy Corp.
159, p.
on
a
two-for-one basis.
1556.
(&^Subs,)—Earnings—
1944
I
Net
sales
Net
No
—1-„
profit after taxes..:
$6,591,043
448,700 "
$0.32
,
Earnings per common share
:
'
1943
$5,730,248
•
378,218
$0.27
159, p. 2199.
and more than two-thirds of each class
consolidation has been filed in the office of
*
The Empire
until 3
Trust Co., trustee, 120 Broadway* New York, N. Y.,-will
Aug. 4, 1944 receive bids for the sale to it of 1st mtge.
coupon bonds due May1" 1, 1946, to an
the sum of $8,123 at prices not to
40-year sinking fund gold
amount
sufficient
to
exhaust
exceed
105
and
int.—V.
158,
p.
488.
operation during the four
preference stock
par
deemed to be the value thereof.
accordance with the provisions of the certificate
dividend of $1.50 per share upon the
shares of participating preference stock out of the net income of the
•company for the year 1943, and a further dividend of 75 cents per
share upon said shares out of net income for the first half of the
.year 1944, both of which dividends are payable upon the surrender
of the certificates of outstanding shares of $6 cumulative preferred
stock and the issuance in exchange therefor of certificates for $1.50
debentures
p.m. on
5%
thereof, the certificate
for each share of
value held, and one share
be issued in exchange for each
.'share of common stock without par value held.
No fractional shares'? or debentures in face value of less than $50,
shall be issued, and anv person who might otherwise be entitled to
receive either a fractional share or a debenture in the face value of
less than $50 shall be paid the value thereof in cash,
and for this
purpose the
shares of $1.50 participating preference stock shall be
deemed to have a value of $12 per share, and the face- value of the
cumulative preferred stock without
of common stock of $1 par value will
$6
of
Long Beach Gas Co., Inc.—Tenders.Sought—
.
„
the Secretary of State
"
*
and the plan is now fully effective.
Under the plan one share of $1.50 participating
■and $50 of 6 7o debentures will be issued in exchange
of New York,
A
to
of
.
of consolidation of this company and its wholly-owned
Constructive Sales Corp., has been duly approved by the
more
than two-thirds of the outstanding shares of the
company
of
stockholders, said, in part,
•
plan
holders
a dividend of 50 cents per share
payable Aug. 11 to holders of record
July 20 declared
stock,
Inc.—Plan Fully Effective—
President, in a letter to the
follows:
The
.
Elder,
subsidiary,
shall be
directors,
in
consolidation, has declared a
participating preference stock.
....
.
.
In accordance with the terms of the 6% debentures and the inden¬
ture under which the same are authorized to be issued, interest at
'the rate of 6% for the period of July 1, 1943, to July 1 1944. is also
w
Long-Bell Lumber Corp.—Earnings3 Mos.'End. June 30—
interest_i
1944
*$2,569
1941
1942
1943
t$97,601
931
before
795
v-
*$2,006
*$2,074
payable
upon
658
513
.thereof,
upon
a
•
4,853,329
1,974,814
1,064,973
9,727,260
4,088,634
1,157,102
Lowell Gas Light Co.—Refunding—
22,299
Pennsylvania income tax
directors
The
on
accrued taxes and insur¬
income, $1,421,208; reserve for war
Kroger Grocery & Raking Co.—Sales Up—
Period End. July 15—
' 1944—4 Wks—1943
1944—28 Wks.—1943
•'*
6,555,472
308,137
167,507
V.
23,831
992,704
corporate income.—
Earnings per common :share-i_^i.—..i—.w.-v
—V, 158, P. 1734.
Profit
"•
$802,044
160, p. 12.
The
;
Interest
Sales
1941
$1,599,127 $1,341,685
639,878 ;
584,024
157,567
244,328
3,970,358
income
Profit for 3 months—
*Loss.
on
$96,670
tIncludes dividend of
*$3,364
.."*$2,665
$100,780 at rate of
10
*$2,587
cents per
share
1,007,801 shares of The Long-Bell Lumber Co. capital stock.
The
ment
corporation
was
of the period covered by this stated
of 1,007,801 shares of a tot^xl of 1,991,130 shares
at the
the owner
said
debentures,
to wit, $3 for each $50
issuance.
upon the surrender of the
.....
,
face value
,
j-
certificates for outstanding
$6 cumulative preferred stock,
each holder thereof will
m
addition to the securities to which he is entitled, the sum of $5.25 m
cash, representing such dividends and interest, for each share of sa d
Accordingly
-
.
,
1942
1943
1944
$1,724,018
736,106
205,694
railway
compares
par
Net
production contingencies, $150,000; common stock (par $1), $1,050,000;
capital surplus, $737,801; earned surplus, $619,320; total, $9,642,642.—
1764.
-
Ry.—Earnings—
the capital stock,
81,815
excess
& Arkansas
25,000
value-.-.
depreciation
of
Part
approved a plan for the retirement of 3,419
shares of outstanding preferred stock.—V. 160,
Louisville & Nashville RR.—To Pay $3
excluding Federal income and ex-»
and
Retire
I.—To
R.
1,045,728
110,000
•
Dock..
J—
,
V.
159, p.
$1,236,916
$282,500
9,964,219
564,106
218,571
;
529,447
—.
profits taxes
Provision
$5,503,809;
Federal taxes on
$160,504;
$973,225
$242,039
-
oper.
ry.
The
deposits and on hand, $4,140,975; IT. S. Government
bonds, $1,522,000; interest accrued on Govt, bonds, $8,422; accounts
receivable (less reserve for discounts, claims and doubtful , accounts
Liabilities—Accounts
1,093,374
have
railway
oper.
The
property
a/c disposal of portion of Calumet
Loss on
revaluation of treasury stock
Assets—Demand
of
l,li3,X38
»
-
Net
165,403
Sheet, June 30, 1944
Balance
45^,750
'
Gross from railway
Net from railway
reserve
debt
Loss
—V.
profits tax.
Consolidated
$2,330,290
From Jan. 1—
$3,398,990
117,825
and
properties
^
Loss
502,563
$204,302
$167,518
share
$0.19
$0.14
for possible renegotiation and Federal excess
$229,803
$0.21
——
—
Earnings per common
*Includes
J,
133,900
$3,840,526
!,
carrying
lands
6. Months.Ended June 30—
profit
$2,086,363
Providence,
4,950
'
$2,474,089
operations
income
Gross
Cost
$670,081
—
.
-
...
$736,250
"
,
from
Gross
dend—May Split-Up Stock—
1942
$3,397,733
2,558,677
1943
$5,999,420
5,460,387
profit plus other income
Prov. for Fed. income taxes (est.)—
1,506,402
$893,926
$3,836,692
of
Co.,
the
June—
$2,356,685
Liberty Aircraft Products Corp.—To Pay
(& Subs.)—Earnings—
Oper.
1,416,984
27,520
$529,291
$497,713
141,150
sold
goods
732,918
'
•
1943
income
$518,181
11,110
'
708,553
651,887
Louisiana
1,059,321
Other
$490,534
7,179
_1
$3,503,347
2,212,701
$3,836,790'
DrlQ4
$0.16
.
6,652
$265,989
4,799
Operating profit
Net
.......
'
Depletion
Sell, admin, and general expenses.
•
..
17,166
311,865
494,810
30—
sales
$1,469,168
-I—-—__
transferred
of
224.
p.
as
6 Months Ended June
Cost
1,205,437
Dr21,914
477,974
Kingston Products Corp.
Net
shares
2199.
p.
3,259,397
$3,475,827
;
stockholders
The
1,205,437
$0.55
operations.
from
adjusts,
on
289,294
inc.
—
t
etc.
&
Profit
152,443
$120,793
gross
income
Net
1,524,438
$1,466,703
"
2,465
Preferred Issue—
$538,016
bonds purchased for sinking funds
on
Refunds
152,395
$270,788
6,639
$1,006,299
sale or other disposit'n of fixed assets
Discount
76,194
$261,943
.1,917,259
3,100
$2,415,656
$258,539
3,404
income
from
800,633
2,068,473
18,021
reservations
1944
Minority
Gross
1,037,619
$1,602,479
deductions
Lonsdale
13,533
-
-j'.
.*•;•;
Provision for Federal income and
Deduct,
418,654
(net)
to earned surplus—
—V. 159. p. 1975. •
£nded June 30
Consolidated Earnings for 12 Months Ended June 30
cess
income
$7,495,574 $16,424,287 $14,746,987
3,052,199
6,582,971
5,979,598
1,033,580
net income
169,60O
•
29,695
533
'
Loss
1944—12 Mos.—1943
$3,339,312
1,971,148
prov.*
income
(net)
Operating
Ndn-oper.
:
$1,584,458
—
income
"Miscell.
503,787
415,615
.0*4,900
-
18,355
;v
76,199
tax)
"
1944—12 Mos.—1943
1,839,816
income
Net income
12,300
482,473
--
-
233,060
tax__
interest
Federal taxes,
,
(incl.
Taxes
inc.
corporate income
shares outstand'g
270,014
Depreciation
no
$639,045;
1,034,894
incoine
•Income
'
Interest
Subs.)—Earnings—
1944—6 Mos.—1943
$1,734,805
$1,677,872
1,013,281
962,961
116,772
83,434
Period End. June 30—.
;
3,370,631
tax)
Gross
r
.
226,760
-
for Fed., inc. &
excess profits taxes.^
assume
Kings County Lighting Co. (&
shares,
(249,580
earned surplus,
' '
for
prov.
Balance
•
of
$47,000,000
issue
to
"
*
•;
$16,072;
581,459
(incl.
income
276,853
«V
>■
;
., >
5,858
taxes)
Deplet.
y
1
257,746
<'
asked permission of the Interstate Com¬
July 22
on
Commission
merce
;/
payable,
,
137,811
123.474 •
_*
...
taxes, (excl.
Terminal Ry.—Plans $47,000,000 Bond Is¬
...
stock
common
$8,411,258
Depreciation
*
Fed.
Com.
sue—
$535,744;
1944—6 Mos.—1943
—_
*
-•
funded
on
funded
Earnings
Kansas City
$100),
revenues
376,470
coal
'&
lands
Int.
1944—6 Mos.—1943
$729,084
238,379
11,658
income
oper.
facil.
(par
expenses
,Prov.
Jt.
•.
notes
'
'
Equip,
'
trade
$87,000;
dividends
$19,138;
capital surplus, $134,458;
$2,916,233.—V. .158, p. 1172.
Operating
561,067 *
149,704
$1,146,114"
_*
reserve
bonds,
of
$1,247,900;
Operating
Dr27,653
312,539
___—
carrying
•
'
dispos. of fixed assets
Gross, income
payable,
Period End. June 30—
4,507
.303,449
5,441
166,230
-
-
1944
Treasury tax notes of $121,000), $107,250; first
refunding bonds, $140,000; reserve for retirement of
$54,558; 5% cumulative refunding participating pre¬
Operating
L—
17,296
;
J •!
etc.
;
.$1.10
S.
Maintenance
'
other
or
Other income
Cost
v
:>•.
•'
4,683
f
depletion.
Long Island Lighting Co.—Earnings— ."
<
-■
-V
fund
sale
on
■
$662,663
oper.
1
6,644
$1,381,207
32,769
$376,152
and
defense
S.
32,144
187,185
'
-1943
1944—6Mos..
ir"
.
purch.
adjust a/c
yrs.'
prior
,
bonds
sinking
Profit
$2,929,227
Railway—Earnings—
1944—Month—1943
oper.—
from
inc.
prop.
Period End. June 30—
other
on
Refunds
1,625,194
-
"
$652,222
10,440
stock
total,
1944—3 Mos—1943'
■
Total
$4,554,42i
; ;
|
_____
from
Disct.
$4,587,655
Dr33,233
$3,044,611
-
1974.
p.
Inc.
2,908,185
1,640,026
deductions..—
other
•
ing* coal
86,705
$4,684,638
earnings
and
Period—<
Inc from mining & sell-
U.
stock,
par)
Income Account
"Consolidated
$0.43
(except Federal taxes on income), $22,066;,Federal taxes
(less
3V2%
Lehigh Valley Coal Corp.—Earnings—
;
$290,872
32,144
124,790
Sheet, June 30,
U.
accounts receivable'(less reserve
■on
-
• >
$457,570*
Liabilities—Accounts
; ;.
to arrange cofhpanies in exact alphabetical
However, they are always as hear alphabetical
T- position as possible,
". '$122,305
$0.35
depreciation
for
$880,225
f 589,352
$10,079), $115,168; inventories,
$225,976; investments and other assets, $135,070; land, plant buildings,
and equipment (less reserves for
depletion and depreciation of $1,832,934), $1,875,063; deferred charges, $20,380; total, $2,916,233. '
;
always
not
charges
>
1942;
v-
95,631
t
62,395
share..-
common
Assets—Cash,
>
.'
r
1943
$217,936
.
32,144
————
Balance
*
r
73,462
dividends
After
"
$102,480
1942
$5,016,842
'
Net
(est.).
profit
1943
$5,280,239
Preferred
;
$175,942
income
on
T
1944
taxes—
1944
.
taxes.—I—
Federal
^Earnings per
2,190,684
1,868,173
$4,701,229
Drl6,591
earnings from operations
Other
J
$433,487
taxes,
tlncludes $184,590 as addition to
JFor Federal and State income and profits
\;
..
: i. V
profits
quarter.'
$1,158,872
Ended. June. 30—
befdre
Federalihcome taxes
958,920
3,702,663
—.
$433,487
'
12.
p.
Federal taxes
Lehigh Portland Cement Co.—Earnings—
.
(less
taxes
$314,978
6 Months Ended June 30—
fProfit
ferred
2,193,401
2,126,608
.
and
$452,003
$595,790
excess
mortgage
85,528
taxes.-
taxes
income
Federal
♦
——
miscellaneous Federal
and
State,
336,310
Longhorn Portland Cement Co.—Earnings—
,
1348.
1,025,743
Depreciation
$651,288
123,716
2,366,588
1,012,837
2,994,179
Net ry. oper. income..
1943
$22,152,337 $20,208,867
8,317,162
7,608,543
Maintenance
$575,719
profit for the six months ended June 30, 1944, amounted to
$1,038,436, after charges and Federal income and excess profits taxes,
190,879
—v.
3,161,138
1944
Operation
t631.544
;
1'. /Net
236,069
70,493
r
income..
from railwayrailway.—.
Net
Light Co.—Earnings—
Months Ended June 30—
12
2i606
*885,497f *1,519,672
14,022
..
—
taxes.
'
special meeting on July 15 approved
cumulative preferred stock of $50 par
Kansas City Power &
314 288
115
$595,790
period.
accruals for first
$541,525
$568,396
100,109
114,323
railway..—
$396,398
v
the
for
preferred
issue
new
352,844
'
327,334
,347 378
*958,163
taxes
^Includes
v
1941 7
1942 !:■
1943
•
$526,696
,188,132
railway-
Net ry. oper.
Stock
expected that application will be made to list the
is
343,333.
State
Net gain for period—
jAdjust. of accruals
Lehigh & New England RR.- -Earnings—
';
possible
Exchange.
——304,291
38,883
Gain
shares are listed on the Cincinnati
and preferred
$1 729,303
330,125
,
value.
The common
r
$2,867,253
$2,132,697
income
'
1941
424,213
*
at a
5 'h
J
1942
$2,321,345
Accrued,Fed, and
of
poses.The
of
*
1943
gain
Depreciation
(income) bonds represented
mortgage
the principal amount
,of the bonds, and the balance .of,interest,..i. e., .V/2%, accumulated on
coupon No.
11, will be payable Aug. 1, 1944, in Chicago and New
York,-at the office'of the paying agent, Halsey, Stuart & Co.; Inc.—
V. 159, p. 449.
'
* - <
No.
coupon
•
Any balance of net
1944
-
Interest
Interest
by
assets.
,
Cincinnati-—Registers With SEC
(E.) Kahn's Sons Co.,
30—
3 Mes. End. June
j
Depletion
Grpss
The
"
,
:
value
par
Earnings of The Long-Bell Lumber Co. and Wholly-Owned Subs.
From Jan. 1—
.
capital stock of the Long-Bell Lumber Co., with a
share.
The corporation owns practically no other
close
Holdm-s
of
$6
cumulative preferred
stock and common stock aia
f#
requested
St., New York 15, N. Y.
•
The Chemical Bank & Trust
-
.
.
,
appointed registrar and
National City Bank of
sole transfer agent for
$1.50 participating preference stock, $1 par value, and the com¬
The
$1
stock,
mon
value.—V.
par
160,
The
directors
cents
July
on
of
distribution
year.—V.
like
preferred stock for the fiscal year erj«e<J
holders of record Aug. 1. An initial
was made on this issue on Aug. 10, last
160,
amount
and
of
In
net
i.—$1,605,898
'Gross income
Expenses
$1,535,186
$1,553,533
119,398
;
127,461
126,817
,
$1,426,072
realized and unrealized gains or losses
net
including
•"Not
income
:
June 30
Net Assets.
of
Statement
■
$$£
■'
"ffl1'
bills
U. S. Treasury
for
securities sold
for
shares sold
Receivable
Receivable
Dividends
Accrued
-
(demand deposits)
banks
Cash In
v"
quotations
market
at
Securities
—
due
—
~
receivable
interest
Tucker,
C.
&
Co.__
1,500
Farwcll,
Chapman & Co.
1,500
Scherck, Richter Co
Allyn and Co., Inc.
Consolidated
1943
Total
$
$
142,346,210 132,740,067
6,151.347
4,385,630
6,870,867
5,461,887
5,204
78,247
48,894
57,000
1.051
10,919
15,604
Cost
of
sales
1,657,834
18,955
for
for purchase
—
236,487
53,151
of securities.
Payable for repurchase of shares
♦Based
—
securities
carrying
on
Net
in
by
connection
syndicate
a
The
and
&
Co.
;
Cumulative
Wisconsin
share
per
plus
Wisconsin
Registrar:
.
dividends.
unpaid
and
Trust
Valley
Co.,
tax
1,831,500
2,996,782
275,235
2,026,039
215,904
118,019
1,843
2,709
2,931
Wise,
policy
which
estimated
cost
from
$10,000,000
the
all of
1944
of
is
$9,200,000.
debentures
application
after
maining
I,
of
of
of
1944,
The
and
the
$5,000,000
balance
5%
of
of
proceeds
the
stock,
preferred
re¬
required to redeem on July
cumulative preferred stock and on
$3,989,391
its
remainder of $310,609
the
—
Debt
and
Capital
Stock
Upon
Completion
of
the
Authorized
3%%
sinking
fund
June 1, 1959
Long-term
notes
due
etc.
payable
pfd.
Common stock
stk.,
Trust
719,574
452,033
260,000
:
—-
235,000
23,000
34,000
2,502,000
2,762,000
168,000
155,000
debt
—
-
56,106
53,154
1,198,701
1,198,701
5,000,000
5,000,000
($25 par)———————
586,455
——-
V '
in
Dr6,224
(433 Va. shares)
treasury
570,797
5,416,209
6,146,699
$18,331,743 $17,531,482
160,
dated
of
June
1,
stock
Consolidated
.■/;
of
Ltd.—Earnings—
Mines,
:
•
■
46,806
61,365
1942
85,337
income from metals
$129,522
113,056
$183,144
144,138
$262,732
199,634
1943
1944
milled
ore
to First Wis¬
1944
Co., trustee.
cumulative
any
produced—
$16,466
$39,006
$63,098
808
operating profit
Non-operating revenue
726
$5,000,000.. Debentures
Placed
Privately — Pursuant
1944,
$5,000,000
3%%
sinking fund debentures were issued and sold July
II, 1944, to The Equitable Life Assurance Society of the
United States, at par and interest, and proceeds applied
contract
dated
July
6,
share
one
the
of
mium
The
on
remaining
to
the
of
requirements
Life
Canadian
such
for
bank
short term
$5,000,000
Assurance
bank
are
loans
will
amount
thereof.
History
July
in
6,
and
1944
Wisconsin,
in
..
to
./
Marathon
and
be
Under the terms of the
addition
the
.
and
issued
sold
Paper
indenture
$10,000,000
no
aggregate
deben¬
principal
,.7
Business—Corporation,
to
to
prior to Oct. If 1944. In anticipation
funds, the corporation has negotiated
aggregating $5,000,000 and purchased 5,500,000
the proceeds thereof.
It is contemplated that
be paid from
the proceeds of the remaining
with
issuable
is
Mills
successor
Co.,
was
by
change
in
name
incorp.
commenced
Feb. 6, 1909
and paperboard
producing pulp, 'paper
in 1910.
Since that date, through a program of development of new
products, new construction and acquisition, the corporation has be¬
come an integrated enterprise.
It owns pulpwood resources in Wiscon¬
sin
and
Michigan, and through its Canadian subsidiary holds im¬
portant cutting rights in the Province of Ontario, Canada. It owns
plants located in Rothschild, Menasha, Wausau and Ashland, Wise.,
and leases a plant at Menominee, Mich., for the production of pulp,
paper
and paperboard and for converting and printing
paper
products.
Corporation also owns and operates a sawmill at Ironwood, Michigan.
Rothschild the corporation also has chemical plants for the recov¬
profit
$17,274
taxes
•
———
Profit
before
Buildings and
Capital
tax
♦No
write-off
p
write-offs
provision
$63,598
2,482
1,635
94
of lignin from waste sulphite pulp liquors resulting from the
corporation's pulp manufacture.
The principal
business now conducted by the corporation and its
subsidiaries is the production and sale of a diversified line of pro¬
series
and
a
cash
pay¬
•
making
.
stocks:
(a)
(b)
1
,
»'
<
cumulative preferred stock, series A,
5,554 shares of 7%
$610,940
share, requiring, exclusive of accrued divs.
per
10,007 shares of 6%
cumulative preferred stock, series
requuiring, excl. of accrued divs.
1,060,742
funds will be used to pay accrued dividends,
together with the estimated maximum amount of $173,682 by which
the above retirement requirements may exceed the above net proceeds.
treasury
Capitalization and Funded Debt, Giving Effect to Present Financing
'
Authorized
Outstdg.
Funded Debt—
First
series due 1963——
bonds, 3!/2%
mtge.
(1)
$1,995,000
Capital Stock—
1,500,000
stock
preferred
stock
Common
($100
$2,500,000
par)—
1,230,000
1943
has been
will
made,
render
since
it
is
expected that special
negligible.—V. 159,
liability
tax
640.
Stores Co.—May Cut Preferred
Dividend—
vote
on
a plan of recapitalization
which would reduce the dividend on the
6% preferred stock to 5% after Nov. 1, 1944, and reduce the redemp¬
tion price to $105 a share from $110 a share on and after Nov. 1, 1947.
special meeting of stockholders will be held
and
Federal
excess
also
declared,
in
1 to holders of record Oct.
advance, the
a
share
10.—V.
on
regular quarterly divi¬
preferred Stock, payable
160, p. 225.
Period-
June
sales- less
Selling
and
dlscts._
adm.
income
Gross
&
income
exp.
State
debt
June 10,'44 June 12,'43
'490,105
993,816
960,155
$1,079,512
$2,459,378
$2,303,490
43,939
99,681
66,133
-
tax
for
period
dividends
per
159, p.
com.
share_
1692.
25
148
$275,177
$285,736
120,630
95,457
104,541
$161,072
income
Net
$179,720
$181,195
History
Business—Company is
and
a
Wisconsin
through
energy
of
western
by
a
single interconnected
Wisconsin
and
eastern Minnesota
and
is
company
in contiguous portions
and
to
a
lesser extent
in
The transportation service fur¬
rendered by it only in the State of Wis¬
service.
transportation
the
system
is
,
^
,
Electric
operations are conducted in an area of approximately 700
miles with a populatoin of approximately 42,000 persons.
Com¬
square
furnishes electric service at retail to 28 communities in this
and at wholesale to the village of Trempealeau, Wis., and
Power Co.
Company also furnishes electric service to
and farm customers throughout the territory.
pany
territory
to
Interstate
rural
$2,369,623
corporation
engaged as a public utility in the generation ad distribution of electric
Electric
operating
gross
derived
were
tomers;
revenues
approximately
customers;
27.2%
$1,123,451
$2,559,060
408,835
777,539
817,485
tomers;
60,296
61,553
121,544
124,317
as
from
company for the year 1943
33.4% from residential and
commercial and industrial cus¬
of the
follows:
small
from other sales to
.
165,478
154.135
334,489
324,242
utilities
382,495
265,000
827,167
615,000
5,325
4,027
'8,802
$249,076
$228,603
$494,294
$479,777
104,911
108,573
209,900
215.460
27.3%!
3.2%
sources.
2,169
taxes
inc.
profits
Net earnings for com.
shares
—V.
40,200
$285,588
1,436
$1,249,563
fd.
interest
earns,
Preferred
Earns,
112,000
$275,142
$281,702
390,049
on
excess
Minority
Net
107,800
$280,266
income
deduction
Income
24 Weeks Ended
J,170,129 $18,177,815 $16,599,996
13,336,351
499,447
56,281
Depreciation
Fed.
117,350
1X050
195,000
taxes
income
Gross
rural
Fed.
taxes—
income
profits
consin
10,'44 June 12,'43
$9,212,815
$1,193,282
exps.
Operating profit
&
59,061
128,424
,
12 Weeks Ended-—
Int.
65,907
134,188
118,300
Other income
furnishing
(The) Mead Corp.—Earnings—
Other
State
operating
nished
Net
income)
than
Federal
of new
,
directors
dend at the current rate of $1.50
Nov.
83,923
122,000
119,000
-—-——
(other
Taxes
in September to
plan does not involve any underwriting or public offering
securities.
The
$1,150,720
407,048
•
McLellan
The
1941
$1',241,401
428,065
137,172
Maintenance
Net
A
1942
$1,428,329
490,967
Operating revenues
Depreciation
14,413
-
arrangements
$39,732
$17,274
equipment
expenditures
and
large
commercial
and
industrial
cus¬
sales to municipalities for street lighting; 2.8%
public authorities; 4.3% from sales to other electric
municipal distribution system; and 1.8% from other
■
'
a
■
$144,164
$120,025
$284,394
$264,317
$0.21
$0.17
$0.41
$0.38
,
.
Underwriting—The names of the principal underwriters of the 15,000
shares of 5%
cumulative preferrsd stock and the number of shares
thereof
severally to be purchased by each
Co.___
Wisconsin
!'
from
from
Milwaukee
At
ery
com¬
Earnings for Year Ended Dec. 31
total
Provision for
Society
$5,000,000 of debentures.
tures
debentures
Canadian
loans
dollars
of
stock
new
1
$63,598
r
follows:
$2,790,690 to payment of principal and pre¬
redemption, July 11, 1944, of $2,762,000 first
mortgage and collateral trust bonds, 3%% Series, due
June 1, 1954; $1,198,701 to reimburse the corporation's
treasury for funds applied to payment of par value on
redemption, July 1, 1944, of 11,987 shares of 6% cumu¬
lative preferred stock ($100 par); and balance of $1,010,609 for general corporate purposes.
as
the
B, the
old stock for
basis of one
stock,
preferred
all of their shares of
preferred stock on the
Operation
to
of
500
$39,732
or
to (holders
B, at $106 per share,
Matachewan
Tons
for
payment
400,000 shs.
400,000 shs.
as
old
cash
Company's
Quarters Ended June 30—
holders
exchange offer,
the exchange equaled the
difference between the price to the public
($104 per share) of the
new stock
(including accrued dividends to the date of settlment) and
the respective redemption prices of the old stocks (including accrued
dividends to the date of settlement), plus an adjustment of dividends
representing the difference between the dividend rate on the new
stock
and
the respective dividend rates on
the old stocks for the
period from the date of settlement to the respective redemption dates
fixed
for
the
unexchanged old stock.
The date of settlement was
May 26, 1944, and the redemption dates of the unexchanged old stock
in the case of the 7% cumulative preferred stock, series A, is Sept. 1,
1944, and July 1, 1944, in the case of the 6% cumulative preferred
stock, series B.
v
This exchange offer expired May 20.
The net proceeds to be received by the company from the issue and
sale of the 5% cumulative preferred stock will be applied toward the
redemption
and retirement of
the following outstanding preferred
328.
p.
Estimated
50,000 shs.
50,000 shs.
—
indenture
612,936
547,416
6%
cumulative
5%
by the company.
The
5 7c
par)
($12.50 par)
under
$941,234
$1,230,427
Total
-V.
Estimated
♦Issuable
consin
669,247
the
of
and
A,
exchanging
of
of
at $110
168,000
($100
6,528,357
(net)
payable
series
share
$18,331,743 $17,531,482
the
of
terms
6%
the
to
privilege
shares
ment
—,—
stock
sub¬
cumulative
stock,
165,230
Minority interest in Menasha Printing Ink Co.
6%
cumulative preferred stock
Common
must be
Minneapolis 2, Minn.—Y. 160, p. 329.
the remaining amount of approximately 1,850 shares of
preferred stock.
'
>
holders of its outstanding 7%
cumulative preferred
company
409,265
:
the
and
5%
1,273,221
.
taxes
payments
maturities of long-term
Paid-insurplus
Earned surplus
Bids
contract.
9 to J. W. Nevins, Vice-President and General Manager,
to
7%
Offered
860,477
-
Long-term notes
conditional sale
under
notes
the
631,003
income
stock
time.—V. 159, p. 450.
has issued an invitation for the purchase of $1,438,895
company
the
i—
fund
Common
.
cumulative preferred stocks, exercising the privir
lege given them, agreed to accept approximately 13,150 shares of the
15,000 shares of 5%
cumulative preferred stock (par $100).
The
several underwriters (named below) are obligated to purchase from
1,218,442
6,685,801
——
liabilities
Current
,
Mississippi Valley Public Service Co.—Exchange Offer
147,757
Liabilities-
for
.
assess
proper
Pursuant
147,971
122,001
1943
_
cumul.
to
Northwestern Bank Building,
:
(net)
Development and operating costs—
*$10,000,000
$10,000,000
735
4,247,666
101,169
172,056
receivables
-———
Accounts
Net
due
;
payable,
1953
to
5%
debentures
—
pulpwood purchasespolicies
-
Total'
■
Financing
Outstanding
Apr. 30, '44 Oct. 31, '43
$2,177,691
$1,947,056
75,075
75,075
1,689,998
2,019,946
on
w*-
Funded
Sheet
Balance
Timber, timberlands and rights
Plant and equipment (net)
will augment the corporation's working
capital.
The
pany's
value thereof.
surrender
cash
(net)
Investments and other
outstanding 6%
July 11, 1944 all of its outstanding first mortgage and collateral trust
bonds, will be used to provide additional conversion facilities at the
corporation's United States plants at an estimated cost of $1,500,000,
and
proposed
299,351
over
Funded debt
1,
399,134
Prepaid expenses, etc
Provision
debentures
(being the second $5,000,000 of an authorized issue of $10,000,000
of debentures), will be used principally to finance, through advances
to the corporation's wholly owned Canadian subsidiary, the erection
of a bleached sulphate pulp mill at Peninsula, in Ontario, Can., the
Oct.
71,922
399,134
$1,303,245
4,498,713
the
to
71,922
99,783
insurance
Intangibles,
corporation's certificates of participa¬
Co., first mortgage marine equip¬
this
Notes—
$1,343,926
71,922
—
& expenses
Sinking
prior
$1,261,580
Inventories
life
'
Transportation
Sensibar
equipment
$866,234
35,961
receivable
Value of
to holders of record
Feb. 3, last, and on
-
Minneapolis & St. Louis Ry.- -Asks Bids for Equipment
Crl09,974
Government obligations-
Advances
1943.—V. 159, p. 449.
sinking fund bonds on July 21
sent at the
4,742
insurance
Accounts
per
-
230,000
165,987
__
Consolidated
S.
per
share and the regular semi¬
share have been declared on the
cents
27,292
dividends
Purpose—Proceeds to be received from the sale of the 5% preferred
stock, together with the proceeds to be received from the sale by
corporation,
6%
550,113
dividends
Accrued
Wausau,
32,091
612,474
Assets—
payable quarterly at
accrued
32,771
447,192
Cash
follow:
Co.
6,883
991
of
U.
25
cents
$5, both payable Aug.
1
distributions were made on
said: •• 7.7
advised you that the Bureau of Internal Revenue
income and excess profits taxes against this
company for the years 1939-1942 inclusive in the aggregate amount i f
$92,247 plus interest, and that the company was contesting the claim.
Adding the interest, the amount of this proposed assessment was ap¬
proximately $100,000.
This claim has now been settled for $54,450
including interest.
In view of this settlement, it is estimated that the final liquidating
payment on the stock of Midwest Vessel Corp. will probably be between
$30 and $33 per share.
There are still several matters to be taken
care
of before final payment can be
made and the exact amount
cannot be determined at this time, but the final payment should be
approximately as indicated.
;
Your officers and directors are hopeful that all matters can be dis¬
posed of and the final payment made before the close of this year,
and will use their best efforts to that end.
Further notice will be
post-war refund of $31,300 in 1942 and $203,500 in 1944, and
net of debt retirement credit of $335,000 in 1943.
tExcess of proceeds
par)
rate of 5% per annum,
after deduction of any Wisconsin privilege dividend tax, not exceeding
3% of the dividend, which the corporation -toiay be required or per¬
mitted
to
pay
or
withhold under Wisconsin law. Redeemable
in
whole or in part on 30 days' notice, at $107 per share to and incl.
July 1, 1947, thereafter $106 per share to and incl. July 1, 1949,
thereafter $105 per share to and Incl. July 1, 1951, thereafter $104
per share to and incl. July 1,
1953, and thereafter $103 per share,
in
each
case
plus accrued and unpaid dividends.
Entitled to the
benefit of a sinking fund as
follows: $77,250 for each of the five
years commencing Oct. 1, 1946 and ending Sept. 30, 1951; thereafter
$103,000 for each of the five years ending Sept. 30, 1956; and $154,500
for each year thereafter.
The sinking fund redemption price is $103
dividends
6,511
profit
life
of
75
the holders of
to
and
♦Less
of
shares
50,000
of
171,337
6,137
credit
Common
at $103.75 per share and
Lee Higginson Corp.; Smith, Barney
($100
by
headed
offering
the
with
preferred stock
cumulative
275,665
161,887
tax
Preferred
of
Aug. 3,
mitted by Aug.
Corp.—Offering of Preferred Stock—
data
Further
div.
338,987
142,072
211,363
profits
(Special
for 6,909,970 shares of $1 par value each outstanding
June 30,
1944.
tBased on carrying securities at market quotations
equivalent to $20.82 per share for 6,760,460 shares of $1 par value
each.—V. 159, p. 2638.
5%
249,877
&
tax
tax
*
$2,727,981
—
♦Excess
$22.22 per share
Marathon
$4,700,073
54,272
interest
Canadian
V
Y.)—Extra Div.-
We have previously
161,963
$5,414,360
114,366
disc.
bond
income
equivalent to
quotations,
market
at
letter
ment
$2,566,018
109,029
2,859
of
Wisconsin
Net assets
$4,591,043
159,210
expense
1,887,119
~------
$5,255,150
bonds
on
Federal
1,962,949
— *153,547,3741140,775,486
Total
$3,035,921
—
' '
,
par
Similar
and
tion,
1,976,219
charges
Other
1,674
Employees' Federal taxes, withheld-.,
2,362,493
$3,139,444
oper.
income
Amort,
1,486,458
186,854
64,210
144,447
taxes
2,404,351
income
Other
..
103,522
from
Profit
Other
Years Ended Oct. 31
1,315,515
Interest
Distribution
X
dividend
stock,
24.
2
A
1941
$18,080,990
13,538,751
Expenses
155,434,493 142.738,436
,
Payable
•
750.
750
500
500
Apr. 30,'44
1943
'
1942
$14,060,156 $25,381,260 $21,852,832
9,708,719
17,721,759
14,899,295
Net sales
Liabilities—
Reserve
...
Statement
Income
6 Mos. End.
'
$0.80
'
Midwest Vessel Corp.—Tax Claim Settled—
Anthony & Co.„
Inc.
■
July
Feb.
Winslow,
1,750
Total
:
&
2,000
2,000
Co
-
1944
..
West
Perrin,
& Co
—
$0.32
' 281.000
$0.48
413,(^00
:
dividend
common
had
'
v
Weeks & Stubbs
Kebborr, McCormick & Co.
Witter
Dean
A.
Whiting,
;
—
&
S.
S
securities.
on
$1,415,758
$1,479,081
-
2,000
Co.-
extra
annual
1,000
1,000
750
750
750
Piper, Jaffray & Hopwood
Hall
Moseley
Clair
•Net Income for
Loewi
&
An
1,000
2,000
Jackson 7
172,000
$0.35
120.
p.
;
$7,397,000 $12,447,000 $13,795,000
184,000
160,
1944—6 Mos.—1943
1944—3 Mos.—1943
$5,841,000
___
Merchants Fire Assurance Corp. (N.
1,000
—-
Co._
&
Whipple & Co
2,500
Co
—
S.
F.
Wertheim
Bacon,
Beane
Paine,
Webber,
& Curtis
i,50o
Reynolds & Co
5,000
3,000
$0.93
contingencies of $200,000
1,500
Harris, Hall & Co., inc.—
Pierce,
—V.
Shares
,
$559,629
595,000
'i
225.
p.
Earns, per com. share—
"
Republic Co., Inc.
Central
10,000
5,000
Dillon & Co
Eastman,
1942
sales
Co
Milwaukee
The
June 30
for the 8 Months Ended
y: ;
1943 '
Statement of Income and Expense
&
Fenner
$140,775,486, or $20.82 a
1943.—V.
profit
'
Inc
Lynch,
160.
and
1944
1941
$0.72
^
for post-war
reserve
Period End. June 30—
Co.,
&
$1.01
$1.14
-
Mengel Corp.—Earnings—
Net
Shares
Wisconsin
595,000
r
r" $428,273
587,900
charges. Including provision for Federal income and excess
in
Net
Corp
Barney & Co
Blyth
$592,742
587,900'
a
compact
parafilm
1942
$662,342
share
per
♦After all
"
1943
stk.
com.
profits taxes, and after
the several underwriters,
and the
preferred stock agreed to be purchased by
'
Merrill
capital stock. This compares with net assets or
share on 6,760,460 shares on June 30, 1943.
6,909,970 shares of
on
The
amounted
owned,
Earnings
7.7
.
of
(& Subs.)—Earns.—
1944
—
shs.
5%
Higginson
Smith,
at close of the
assets
;■
.
profit
names' of
of
shares
'
the quarter ended June 30, 1944, the Trust states
period, based on market quotations for
to $153,547,374, equal to $22.22 a share
for
report
a
that
securities
•
respectively, are as follows:
them,
'
Lee
-
♦Net
Outst.
dishes.
paper
Underwriters—The
number
Trust—-Earnings—
Massachusetts Investors
- -•
•
linerless ice cream cartons, Kabnet Wax, bags,
end seals, Sav-a-Rap, Tux napkins, miscellaneous
products
328.
p.
;
30—"
6 Mos. End. June
for by
accounted
been
standard lines of waxed, coated and treated or
include household' rolls, bakery packages, cheese
papers
napkins,
1944, payable Aug. 10 to
May 31,
sales has
corporation's
wrappers,
dividend of
the regular annual
declared
25
the
share on
per
The
processed
Corp.—Dividend No. 2—
Majestic Radio & Television
In recent years approximately
of
volume
handling of foods.
or
120.
p.
packaging
and
containers
wrappers,
industry.
dollar
Co. has been
New York as
the
20
food
Bank of New York, exchange
City
McGraw-Hill Publishing Co., Inc.
used primarily by the
87% of the corporation's
converted products
used by producers and distributors of food
to keep their products
fresh, salable and clean, and to add by means of attractive appear¬
ance
or
construction to the economy of packaging, merchandising
tective
for exchange immediately,
agent, 22 William
certificates
their
surrender
to
National
the
at
Monday, July 31, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
434
Co
Morris F,
Loewi
—V.
&
5,750 shs.
_L.«
4,750 shs.
Fox & Co.—
1,500 shs.
Co
160, p. 329.
1,500 shs.
are
as
follows:
Bingham, Sheldon &
Co.
A. C. Tarras & Co..
1,000 shs.
500 shs.
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE-
Number 4303
160
Missouri-Kansas
Co.—Panhandle
Line
Pipe
Pipe Line Co. Stock Offered—
annual
the
At
the
with
stockholders
&
ner
E.
H.
Panhandle
of
the
of
directors
plan,
have
each 10 shares of common stock or
of Mokan, subject to combination and
for
Eastern
class
of
shares
200
stock
B
of both the common and class B
stock, such purchase offer to expire on Aug. 21, 1944. :
Merrill Lynch,
Pierce,^ Fenner & Beane have advised Mokan that
on
the
request of stockholders they will act as agents for stock¬
holders in arranging for the purchase or sale of warrants, or fractions
thereof.-''
•
'
"" /'/'"■
-V---.'/'
V To receive payment from holders of warrants electing to purchase
shares of Panhandle Eastern common stock, Mokan has appointed as
with
division
holders
to
respect
.
its
agent The
City 2, N. J.
Corporation
Co.,
Trust
Exchange
15
Place,
Jersey
right
exchange
to
of
shares
two'
of
shares
Mokan
common
PanhandW Eastern
common
of
shares
his
for shares of
both,
or
Eastern common stock for
shares of class B stock
Panhandle
of
stock
common
or class B stock
stock, at the rite
each
nine
Mokan,
of
180
or
combination of common and class B stock of Mokan equivalent
thereto, taking each share of class B stock as equal to one-twentieth
of
a
share of common stock.
The exchange offer will continue in
or
any
for
force
Mokan
will
and
1945,
Review—
Securities
Corp.
750
Stifel, Nicolaus & Co., Inc.
Whiting, Weeks & Stubbs_w
tentions
Labor
the
750
The
suit
ployers
group
available to
be
who may become a
during that period.
person
any
at
any
time
stock¬
together with a statement of their approximate values.
the purchase offer and the exchange offer are optional,
Co
Operatmg
its
remaining assets.
are
outstanding
Panhandle,
B
Mokan
'■
#of
are
indebted
is
the
of
earliest
possible
the
to
number
the
After
companies
in
the
sum
Eastern.
corporation
its secured
repay
debt
and this may best be accomplished by
the corporation the right to purchase
Panhandle Eastern which, at the price
stockholders of
of
its
sale
of
shares
to repay the secured debt.
Panhandle Eastern shares
will be sufficient
offered,
of
the
required
for
the
corporation's secured debt, corporation will own
shares of Panhandle Eastern common stock,
to offer substantially all of these Panhandle
shares in exchange for shares in the corporation on the basis
of
approximately
the
repayment
367,928
it is deemed
and
date,
insurance
of
in
of
common
Feb. 1. 1944, and as collateral
corporation has deposited 372,147
Panhandle
the
that
desirable
offering
of
stock
common
deemed
such
and
repayment
the
at
banks
to
interest from
thereof
with
the
for
is
It
stock
shares of common
stock of Mokan.
$5,050,000,
security
shares
there
and
capital
stock
of shares held
and 847,006 shares
810,000 shares of the
outstanding, exclusive
1,594,755
treasury,
Eastern
and
in
one
The
Falls
company
Chairman
of
M.
will redeem on
The Guaranty Trust Co. of New York is trustee.
redemption the company will have no funded
1941.
said
After
standing—V, 159, pi 2085.
'
Utilities
V
Co.—Preferred
Stock
Of¬
fered—Offering was made July 26 of 20,894shares of
5% cumulative preferred stock (par $100), at $99 per
underwriting syndicate headed by Blyth &
share by an
Profit
100,000 shares that have
and constitutes the remainder of
1935
until
the
an
a
public
principally
was
company
became
gas
public utility holding company.
In 1935
to Montana-Dakota Utilises Co. and
utility company, and in 1935 and 1936
a
changed its
operating
name
public
acquired, through merger or purchase, the properties and businesses
of
its
principal subsidiary companies.
Company is not now a public utility holding company and is not
controlled by or affiliated with any public utility holding company or any
other
public utility company.
Company has three small subsidiary
companies, two of which hold various interests in certain gas lands
and wells and one of which is the operator under a unit plan for the
cooperative
are
development
considered
not
certain
of
These
acreage.
gas
subsidiaries
by the company to be significant.
together with general funds of the company, to redeem the
company's outstanding $390,000 of 2'/a% serial notes due March 15,
1945.
Company will pay from its general funds the
redemption
premiums on the serial notes to be redeemed, and the underwriting
discounts or commissions and other expenses in connection
with the
issuance and sale of the preferred stock, all of which will be charged
to
earned surplus.
It is estimated that approximately $395,000 of
the
general funds of the company will be disbursed for all of the
and,
:
'
of Earnings for
1943V
*
Total
oper.
♦Operating
expenses
Net
income
on
1st
Int.
on
serial
int.
$1,621,965
11,043
6,041
$1,612,242
$1,633,008
339,065
363,211
425,700
bonds
98,150
89,578
the
38,940
31,978
$1,009,974
$133,615;
1940,
1943, $493,000; 1942, $405,957;
Comnany was not subject to Federal
$175,000.
profits* taxes for the years 1941,
annual
1942 and 1943.
dividend requirement of
the
stock to be outstanding will be $500,000.
Funded
Debt
and
Capitalization
100,000 shares of preferred
5#
share
mortgage
598,828
$296,421
$0.36
$0.90
;
series
Common
preferred
itock
♦Additional
($10
bonds
stock
par)
may
($100
1
upon
compliance with the provi¬
par)
_________
be
issued
>
earned surplus,
.
Association—Output Off 2.29%—
the
week
for
of
number
reports
kilowatt hours
ended
for
available
its
62,412,349, compared
1943, a decrease of
July, 22, 1944, as
week ended July 24,
the
<
„
>
*
.
•
,
New
Jersey Broadcasting Corp., Jersey City, N. J.—
Sale—
The
of
transfer
for
Moines,
this
$403,528
munications
corporation
to
approved
was
the Iowa Broadcasting
July
on
by
25
Co..
the Federal
Commission.
Des
Com--
>
.
New Jersey Power & Light
.
and the provision for Federal taxes
Operating revenues..
renegotiation refund
has been computed
period
the
to
of
1944
profit
are
deducting
has been
accordingly.—V. 159,
computed
V
i
-
.
2200.-'
p.
1
•
corporation
July
on
of
shareholders
15
paid
June
record
30,
dividend of
a
like
A
Associated
Other
J
was
also
paid
Net
•'
income
__/•
;
dividends
Earnings
per
shai'e___,.
Value
of
the
66,741,000
677,549
output.—
profit ^
Govt,
52,426,000 210,609,000 124,803.000
809,088
2,228,875
2,054.224
nine
the corresponding
and
(incl.
preferred
stock
$49,590;
interest
of
uncollectible
debits,
from
Net
ry.
1943
1944
from
$3,669,995
$2,527,621
843,496
1,515,147
235,991
909,063
railway
173,666
income—
oper.
492,698
The
from
ry.
—V.
21,355,743
20,075,529
12,329,090
5,917,483
2,306,597
7,934,916
2,935,295
3,343,547
income—
railway
oper.
160, p.
1,860,383
9,253,685
2,666,827
1,561,591
credits,
$105,960;
$97,864;
annexed,
as
$8,285,688;
reserves,
(non-refundable),
in
officer,
any
It
Operating
prov.
1,751,690
145,385
107.559
88,328
88,177
176,503
176,012
for
150,331
152.878
272,774
286.035
$170,065
$154,955
$334,635
$282,735
tax)
Operating income
Other
$2,604,031
1,770,139
48,062
—___
(incl.
income
$2,699,436
924,783
74,977
—
Depreciation
Taxes
$1,368,855
973,055
___
income
—
(net)—
1,109
Drl,205
4,575
—*—
$153,750
$339,210
$280,676
122,940
126,191
246,163
251.999
Stockholders—
the sub¬
approved
the matter
of the stockholders
of which Royal Little is
of which Mr. Little is President, is not
a
company
involved in the purchase, it was stated.
intention to continue the company's business
the
under
its
Its
of
the
Inc.,
is
present
plant, and
same
management,
business to a
later
name
the
in
f
Plans
are
in
Lowell,
being made for
to be formed
company is to be
new. company
The new
year.
purchase the inventory and plant assets of the Newmarket
offer to
an
basis
on
share
stockholders.
to
a
should
which
company
'
produce
stockholders,
The
substantially over $91 a
Mr. Verney. should
states
depositing their stock under the outstanding offer made by the
Second National Bank of Boston, as agent, until the Verney-Brunswick
offer has been received
("Boston News Bureau.")—V, 158, p. 676.
delay
Dr2,059
$171,174
in
$310,-
$28,502,484.—
organized, managed and controlled by the present executives.
According to a report on July 24. Gilbert Verney, President of
Verney-Brunswick Mills, Inc., states that his company plans to make
1944—12 Mos,—1943
$1,456,756
revenues
expenses
total,
1944.
15,
in
but Textron,
way
is
under
Co.—Earnings—
1944—6 Mos.—1943
Aug.
principal
Mass.,
Period End. June 30—
contributions
capital surplus,
$124,449;
contingent on acceptance by 95%
was
before
or
an
14.
Nassau & Suffolk Lighting
>
long-term
payable, $145,340; dividend payable Jan. 1,
deposits, $145,184; taxes accrued, $155,808;
$156,774; other current and accrued liabilities, $23,-
surplus,
offer
The
transfer
;
cumu¬
by the Second National Bank of Boston, as agent, of an offer
stockholders of Newmarket to purchase their shares at $91 per
The
railway——
from
Net
$3,306,000;
par),
no
pre?
$28,502,484,
par), $6,535,000;
share.
From Jan. 1—
Net
no
directors, it was announced on July 21, have
all
to
$1,596,112
475,436
282,099
on
Gross
accounts
$213,935;
mission
1941
1942
$3*409,959
railway
total,
$517,670;
shares
$700,000;
and supplies,
(87,500 shares
(98,959
note),
Recounts of $29,438), $335,-
materials
Newmarket Mfg. Co.—Offer to
June-
in
V. 159, p. 2234.
Nashville Chattanooga & St. Louis Ry.—Earnings—
Gross
investment
accounts
construction
earned
162;
$25,015,188;
customers'
accrued,
deferred
665;
aid
equipment,
$100,000. Treasury
for
$29,583;: deferred
$9,061,000;
$8.58
at cost, $64,205; special fund, $25,772;
$1,585,319;. special deposits, $13,216; U. S.
hand,
reserve
1944,
been
198,360
400,000
7
companies,
on
receivable, $2,261;
debt,
appointed Export Sales Manager of Nash
Motors
as
part of a program broadening wartime dealer service to
maintain essential
transportation in Allied countries and to provide
for postwar car sales requirements, it was announced by H. A. Lewis,
Vice-President
in
charge of overseas operations.
Mr. Carlson was
formerly Planning Superintendent on production of medium tanks at
the Chrysler Tank Arsenal.—V. 159, p. 2418.
has
Carlson
(less
$8.88
Sheet, Dec. 31, 1943
Liabilities—Common stock
lative
I.
and
obligations
interest
payments,
period in the preceding fiscal year to $4,295,000.
Export Sales Manager Appointed—
8.
banks
receivable
335;
changes, including provision for income taxes which for
months ended June 30, 1944, amounted to $4,911,000, and in
all
plant
of associated
in
$949,107
400,000
—
x
700,130
?
$975,750
—*
Assets—Property,
stocks
.
.
>198,360
,
dividends
cash
,
779,666
Common
1944—9 Mos.—1943
1944—3 Mos.—1943
'51,781
$1,649,237
,
;—
deductions
Preferred
Nash-Kelvinator Corp.—Earnings-
51,071
—
Y'V--'r.y.'rj
>
income
Income
490,371
$1,597,456
$1,755,417
(net)—
Vv- V.
v.--.:.-,'
Gross
318.081
-7—-I..—7 $1,704,345
income
income
Other
472,685
518,280 !
vv
Balance
Period End. June 30—
equip.;—
319,177
475,846
259,762
plant and
prop.,
taxes
on
on
of
357,322
-
355,030 iv-
^
deprec.
'Dr369,197
300,956
income ctaxes
Operating
cents per share
10
amount
for
Federal
'J^*'
*' $4*
.7
Cr244.978
u
Maintenance
Prov.
1,985,887
interchange
company.!
Other
Jan. 15, April 15, July 15, Oct. 15 and
Dec. 27.
■
0/,v;
: : "'K
The Juiy 15. 1944, payment was derived from the following sources:
Approximately 80%
from net income for the three months ended
June 30, 1944, and approximately 20%
from paid-in surplus.
Divi¬
dends paid out of paid-in surplus may be considered as a return
of
part of the original investment.—V. 159. p. 1693.
and
last,
1943.
15,
1942
$5,171,782
(net):
power
amount
Dividend—*
Mutual investment Fund, Inc.--10-.Ceht
to
the
provision for Federal taxes for
of gross sales as is represented
before
percentage
same
after
percentage of net profit before provision for Federal taxes
sales for the first half of 1943, and the provision-for Federal
the
gross
taxes
half
net
reduce
to
necessary
first
the
for
31
1943
$5,400,529
2,031,288
:
Operating expenses_^
Power and gas purchased and
accordingly.'
Sales
Co.—Earnings-
Income, Years Ended Dec.
.
the actual
allowable to such sales of
of
statement
after deducting
are
Newmont Mining Corp.—Earnings—
income
Gross
Income
deductions
6 Mos. End. June
30—
159,
p.
$28,677
$93,047
$27,559
$48,234
income
Net
!
1976.
'
"
V
Dividend—
declared a stock dividend, in the nature
of and as a substitute for a stock split-up, amounting to one share
of
common
stock for each share of common stock held.
A cash
dividend of 25 cents per share was also declared.
Both distributions
will be made on Sept. 12 to holders of record Aug. 15.
The
directors
V.
159,
15
p.
on
July
quarterly
and
June
cash
10,
for
Royalties
and
net
gain
dividends
of 25
last,
in
and
cents
each
2234.
White Rock Mineral Springs
2419.
1,564
$1,040,484
$1,232,340
216,792
219,967
60,000
259,171
74,000
$760,517
$879,169
19
each
quarter
were paid on
during 1943.—
•
Total
♦Expenses
-
Federal income tax
Net
Co. below.—V. 159,
income
♦Including taxes on foreign
other taxes.
.
Assets—Cash
on
in banks and
accrued
domestic
94,000
income, capital stock, franchise and all
.
Balance
ceivable and
listed
,
(estimated)
'
p.
1,259
Dr22,047
foreign
capital assets-
National Distillers Products Corp.—Proposed Purchase
—See
on
exchange
Net profit on sale of
6,616
80,000
9,020
3,358
,___.
61,500
$644,743
services
$1,144,160
63,316
61,950
-
$936,457
78,618
$980,535
Interest
Fees
1942
1943
1944
$827,589
divs. rec'v'd__
Domestic and foreign
Outstanding
*
$10,085,000
100,000 shs.
100,000 shs.
800,000 shs. 676,649 5/6 shs.
bonds—
330.
895,249
1,494,131
$591,548
1943,
year
March
Authorized
First
2,085,679
preferred dividend requirements and based on 546,050 common
Regular
(Giving Effect to Present Financing)
1
$8,467,138
National Container Corp. (Del.)—Stock
income ta~es:
for extensions, $1,461;
Comparable figure for the week ended July 15, 1944, was 61,721,420,
decrease of 2.41% under the corresponding week last year.—V. 160,
a
p.
1943
1944
Federal
common
for
63,873,378
2.29%,
2639.
p.
Association
territory
of
57,712
$1,132,411
.
(par $25),
New England Power
The
Manufacturing Corp.—Earnings—
portion
for
—V.
$1,136,087
7/
.
miscellaneous
$4,168,512; total, $24,414,439.—V. 158, p. 89.
Note—Renegotiation proceedings for year ended Dec. 31, 1943 have
completed, but renegotiation proceedings for any period
166,142
26,123
excess
The
105,408
$1,126,032
income
♦Includes provision for
1941,
Manager
notes and
deductions
stock
contributions
$6,733,824;
serves,
recently been
$1,653,528
345,180
seizure
with
subsequent thereto have not been commenced.
Sales for the six months ended June 30,
1943,
$1,647,487
6,191
!! (net;
Net
$5,022,495
3,375,008
$1,586,913
mtge.
&
$5,257,544
3,635,579
$1,606,051
debentures
on
Other
$5,614,218
4,008,167
27,216
_
income
Net
Int.
1940
$1,559,697
earnings
Other
1941
company's
to the position of
has been promoted
Maintenance
1942
$5,755,192
4,195,495
revenues
Calendar Years
$20,359,169;
.
of the Sioux Falls plant during
Assistant Manager
Operating
.
Summary
the
Government
Balance Sheet, Dec. 31, 1913
capital,.
$5,342,400; premium on capital
stock, $3,081,268; long-term debt, $4,000,000; matured interest on serial
notes and dividends, $7,715;
accounts payable, $238,705; dividend de¬
clared, $213,696; customers' service deposits, $142,250; accrued Federal
income taxes, $371,963; accrued other taxes, $29,294; accrued interest
on
long-term
debt
(unmatured),
$14,038;
accrued
other
interest,
$31,776; accrued miscellaneous, $1,999; deferred credits, $35,538; re¬
225.
160, p.
$916,183
shares.
Net
Purpose—The entire proceeds will be used to redeem the company's
outstanding $1,950,000 of 3 xk % serial notes, due serially at the rate
of $390,000 on March 15 in each of the years 1946 to 1950 inclusive,
purposes.
concerning
temporary
in
$985,191
-
Liabilities-r-Capital
October,
159,
per
♦After
public utility operating company carrying
utility business in Montana, . North Dakota,
South
Dakota and Wyoming and an electric public utility business
in
Montana
and
North
Dakota.
Company
was
incorporated
on
March 14,
1924, in Delaware as Minnesota Northern Power Co. and
natural
a
directive
the
resulted
profit
♦After
♦Net
Company—Company is
higher
York.
involve
79,327
336,169
physical property,
$90,765; investments, $250,228; deposits for matured interest on serial
notes, $7,715; special deposits, $134,805; cash in banks and on hand,
$1,034,345; U. S. Treasury certificates of indebtedness, $1,100,000; U/-S.
Treasury savings notes,. $380,000; accounts receivable (net), $450,396;
accrued Interest receivable, $6,231; materials supplies (Including con¬
struction materials), $461,941;
deferred debits, $138,845; total, $24,414.439.
o
i *
•
'
.
.
$19,733,938
•Earnings
being offered is identical with 79,105 V2 shares
of 5% cumulative preferred stock presently outstanding
been authorized.
the
to
117,280
386,219
___^
■
Foster,
five years,
before
Net
■
The stock
on
appealed
then
,
V
taxes.
income
profits tax payable.
excess
Assets—Fixed
asked
suit
income..
from
7,891
$1,331,680
'
.
Provision for Federal taxes, etc
Merrill Lynch, Pierce, Fe'nner & Beane.
Co., Inc., and
WLB
sales
April
.
♦No
5,448
with
plant.—V.
Net
4,480,775
$1,323,789
$1,488,691
Federal
for
Net income
/
the decision of the em¬
against the WLB the Court
directives were not subject to
Government
which
Foster,
Mullins
The
"v
-*"\V
Montana-Dakota
the
New
not
since
1942
$5,804,564
$1,483,242
20.
the past
that
March
debt out¬
of
Montgomery
Vice-President and
Manager of the Sioux
1939, will become Vice-President in charge
headquarters in Ottumwa, succeeding his brother,
Foster, who was elected President on June 20, it was announced
July
on
the Board, on July 26 announced
Sept. 15, 1944, all the presently out¬
standing $255,000 debentures issued under indenture dated as of
15,
the
,
Morrell
plant
W
the
that
Ward's
operations
such
Mock, Judson, Voehringer Co., Inc.—To Redeem Debs.
decision
a
dismiss
to
(John) Morrell & Co.—Officials Promoted—
John
1943
4,672,162
—_4—-.——
(net)____________4__.
deductions
♦Provision
carriers
.»
does
Co.—Earnings—
income
in
WLB .because
freight
and
employees
to
that
court
lower
plant early this summer.—V.
by
Judson,
reversing
review,
court
asked the
the
Jamaica,
suit
Chicago
of the
desirable
already set forth.—V. 160, p. 225.
Nathaniel
Other
Goldsborough of the District Court refused the Gov¬
motion,
common
,
income
income
Total
\v..
had
held
Alan
the
on
$6,155,405
expenses
Other
has upheld the Government con¬
case that directives of the War
6 Months Ended June 30—
There
class
Ward
subject to
review.
Robert T.
and
may
be accepted without acceptance of the other.
Attention
is directed to the fact that any holder accepting the exchange offer
will, to the extent that he exchanges his shares, cease to be a stock¬
holder of Mokan and will thereafter have no rights whatsoever as to
Both
of Appeals
■
motor
had
declared
revenues
Ruling Not Subject To
' ■■
1
■
i
1
the Court to annul and enjoin a
directive order of the WLB covering labor relations between the com¬
pany and its employees in four retail stores in Detroit, one in Denver,
treasury,
either
of
Montgomery
G.
Mokan
of
WLB
.;!•;/;;!!/;v."':'.
court.
of
record
not
against
Appeals
judicial
Court
Montgomery
Government
been
Year&Ended Dec. 31—
-
750
Operating
&
,
are
Ward's
of
Decides
Court.
have
$1,
par
o;".
—
the
in
Board
share and the usual semi-annual
per
share
New Bedford Gas & Edison Light
1,500
.
States
District
cents
25
per
,
750
Woodard-Elwood
of
cents
25
750
2,000
of
both payable Aug. 15 to holders of record July 31.
An
extra distribution of like amount was made on Aug.
16
last year.—
V. 159, p. 2086.
V;
750
2,000
7
uo.—nxtra Dividend—
«k xype
raper
dividend
extra
stock,
of Chicago
.
The United
;
and
letter
i*
An
dividend
Montgomery Ward & Co., Inc.—Appeals Court Upholds
exchange offer becomes effective stockholders will receive a further
from
Mokan
listing
the assets
still remaining in Mokan's
the
,
rsauonai
,
of
M. Marks & Co.__
2,000
Inc.
Sons
Government
When
of
holder
I
the shares
as follows:
Operating
commencing with the date to be fixed by the
ending at the close of business on April 15,
period
a
of
directors
i
of
Shares
The Illinois Co.
Co
&
—V. 160, p. 225.
ernment's
Exchange Offer
payment by Mokan of its secured debt the directors will fix
effective date when each of its stockholders will be offered the
an
;
&
Rollins
Jtistice T.
After
!
$20,000,000
time.
one
■
Laurence
3,500.
The Milwaukee Co._____—
-
4p
I
of
excess
any
business
stock
1
at
Equitable
5,394 >/2
The Wisconsin Co._
resolutions offering to
on
July 12,
1944,
•
Pierce, Fen-
Beane__%___.
W. E. Hutton
the holders of record at the close
of its common and class B stock,
the right to purchase, pro rata, 163,710 shares of Panhandle Eastern
common stock, at $30 per share, on the basis Of one share of common
t
not in
that
outstanding
Shares
/ *
Merrill Lynch,
Rights
provisions
the
with
accordance
adopted
be
Blyth & Co., Inc._i.__!
became effective on July 10, 1944.
Purchase
of
provided
may
'
a
The registration statement
In
the
1944,
27,
plan, directors caused Panhandle Eastern to
registration statement with respect to all of the
Panhandle Eastern common stock owned by Mokan.
SEC
shares of
531,638
series
Underwriting—The names of the/underwriters and
preferred snares severally to be purchased by each are
the
out
carrying
file
indenture,
all
•
March
on
of
/
plan relating to shares of common stock of
Pipe Line Co. owned by Mokan.
For the purpose
Eastern
Panhandle
of
held
meeting
the
of
sions
bonds
—
Mokan
the
approved
Eastern
435
Sheet, June 3ft, 1944
on
hand. $2,505,949;
loans, accounts re¬
stocks
miscellaneous
interest. $183,273; Govt, bonds, $6,549,238;
and
foreign
exchanges, $29,936,208;
payable, $5,109; taxes payable and accrued,
$74,000; common stock (par
capital suiplus, $4,321,757; earned surplus, $30,094,923; unrealized net appreciation in investments, $3,540,684; total, $48,Liabilities—Accounts
Operating
•$19,966; provision for Federal income tax,
1
Net
©per
Other
t,
Net
1941
$1,273,332
$1,024,521
$446,842
502,706
718,576
604,106
income—
95,888
152,777
243,574
124,355
119,521
.160,391
Cr45,059
2,735,785
548,406
Net ry. oper.
160.
income—.
5,029,121
2,822,456
7,079,358
3,995,869
818,123
6,414,268
L
railway
to
Income
Net
constr.
mately
964,018
$1,757,170
2,074,378
605,191
alphabetical
to arrange companies in exact
However, they are always as near
possible
the
for
shares
77,798
of
stock will
preferred
new
Stuart
of
nation-wide syndicate
Offered—A
110 underwriters
W.
The
issue
July
through
25
102.5699 for 3J/8S was
L.
Burr
4%% preferred stock
has been over¬
'
July 25 on a bid of 103.559. W. C.
Co.; Glore, Forgan & Co. and associates submitted a bid of
1,
will
Instance
be
in
Interest
bonds.
due
1944;
July. 1,
The
1974.
Jan.
bonds
in
Abbe & Co
Corp.—
500,000
400,000
400,000
Ira
first
Blair
R.
8,497,313
7,606,999
34,200,396
46,120,931
Preferred
income
least
Bank
National
York,
of
Commerce
Orleans
New
and
which
extended
to
subsidiaries under and
reorganization
1922.
of
is
company
Orleans
New
has
Company
The
Louisiana, and is
Railway
Bankers
Trust
St
Co.
a
supplies
and
in
For
the
months
$29,011,369,
electric business,
tion business.
of
which
•
200,000
Mather
Co.
:
from
used
n'er
E.
12,
at
bonds
and
(e)
100 $4,625,380 6%
and
series
interest.
r
B,
will
..
,
^
To
pay
•
.
mtge.
,
11,967,995
x
y
•
18,213,120
Debt
and
4%%
pfd. stock ($100 par)
Common
stock
"Additional
mental
which
bodies
the
(no
par)
amounts
and
1974
be
Issued,
Fixed
,,
public
made
25
for the road.
1944)
19,
,
a
final plan of reorganization
A summary of the report of the
,
approved the
capitalization .will be approximately
is about $38,885,000, and that
new
is follows;
are
bonds
Additions
and
Terminal
bonds
«..
Contingent interest bonds—
100,000
100,000
stock.
$427,123
3,000,000
3,500,000
and common stock ard
equities of the holders of the preferred
The
found
have
to
the
in
$427,123
stated at $100 a share
Total capitalization and charges
tion
„
$14,452,844
5%
Common stock (no par),
;
20.000
112.500
—$7,952,844
Preferred
100,000
.
2,500,000
Total
100,000
■
$9,623
200,000
85.000
fund
betterments
Sinking fund.
ments:
$452,844
5,000,000
obligations
interest
and
value,
no
provision is made for their participa¬
no
plan.
Holders of unsecured claims not entitled to priority will receive about
of the principal amount of their claims in new common stock.
.
10%
Holders
to
Terminal
of
in
claim
substantially
on
the
will receive interest accruing
and the principal amount of
4% bonds having a first lien
bonds
the plan in cash
mortgage
Terminal
new
property
same
the
does
as
Terminal
■>'
existing
'
mortgage.
t
mortgage
date of
the effective
their
100,000
stock and
100,000
of
S.
Yantis & Co., Inc.
100,000
several
the
underwritten
amounts
the respective
are
as
about
fol-
Shares
39.3%
Brothers'
The Ohio Co
Paine,
Sons—
1,690
Coffin & Burr,
1,130
Brown
E.
Ccurts &
&
Inc.
225
Co
•_
-
Putnam & Co._
340
Corrigan Jr
Rauscher,
Eastman, Dillon & Co
Inc.
1,920
Equitable Securities Corp..
1,470
i
E.
2,700
First of Michigan Corp.'
Glas
Riter
900
——
Crane____;
Goldman, Sachs & Co.—
Scott
f 225
Granbery, Marache & Lord
H.
Rollins & Sons.
Scharff & Jones,
225
.
&
450
Clias.
2,700
&
Inc.
W.
above
Term. 1st
•
Harriman
r '
Ripley
&
2,700
450
Hemphill, Noyes & Co._
B.
&
1,470
Midland
Blodget,
Illinois Co. of Chicago
Kidder. Peabody &j Co.-.i__
Kirkpatrick-Pettis Co.
Kuhn, Loeb & Co
450
v
2,700
225
■"
2,700
2,700
j.1—
Laurence M. Marks & Co._
1.130
Mellon
2,700
Securities
Corp._i._
:
Merrill Lynch, Pierce, Fen-
Inc,
-
Refund,
Gen.
bonds
mtge.
mtge.
•Paterson
328.09
___i_
;
ner
—V.
&
160.
Beane
p.
330.
2,700
,
Trust
July 14 authorized the company to assume obligation
and liability in respect of not exceeding $2,100,000 1%%. serial equip¬
The
ICC
ment-trust
to
be
issued
by
the
Harris
Trust
.
,
.
424.26
1,076.00
100.03
tin addition to a proportional share , in
tFor each $1,000 of claim.
v V
in cases where a
with a railroad.
be effected with the consent of
51 %r -of those holders of certificates of each class of stock entitled to
give the voting trustees instructions as to voting.—V. 160, p. 16.
voting trustees on matters of voting the stock, except
is held by a railroad or by one affiliated
A
•
consolidation,
sale,
New York
Carl
or
merger
can
Telephone Co.—New President—
Whitmore,
Vice-President in charge of operation,
the late James W. Hubbell. *
has
been
elected President to succeed
Wakeman
July 20 at
Subwav
tective
Dime
on
certificates
1,390.86
1,316.25
,
certificate
'
New York, Chicago & St. Louis RR.- -Equipment
Certificates—
.
424.26
———11,076.00
■——
1100.03
new
James
.
$366.97
preferred and common stock will be placed under voting
trusts for periods of five years and voting trust certificates will be
issued.
Holders of such certificates will be entitled to instruct the
The
—450
1,470
Tucker,..Anthony & Co
1,690
Unioja Securities Corp
;
2,700
G. H. Walker & Co._„.? 1,130
Weeden & Co
450
White, Weld & Co.-——-—'
1.690
Whiting, Weeks & Stubbs
900
The Wisconsin Co
I
1,130
Dean Witter & Co.______900
)
t
______
at $100 per share,
"Taken
Spencer Trask & Co
1,470
'
1
v
Total
$1,000.00
1.337.50
no par
1,316.25
"
' ' i——-
—
claims
stock
—
v
non-carrier propertyi
• ^
:
—
*
;
"Common
bds.
Ext._
.
-Unsecur.
-
•
•
Pfd.
stock 5%
$540.50, $289.22
164.04
531.76
$507.78
bonds
2d
2,700
450
.
>
——-
bonds.
Stroud & Coj>, Inc.
<
"
4%%
income
bonds
4% bds.
bonds
1.920
^
Stein Bros. & Boyce——__
Stone & Webster and
340
Co.—l—
The
Lehman Brothers
•
1,920.
Hilliard & Son
Hutton
Co
&
Smith,-Barney & Co._
Co.,
Inc..
Hayden, Miller & Co.—:
E.
Shields
the remainder
outlined
Gen. mtge.
cons.
mtge.
bonds.— $1,000
Term,
340
340
& Co._
Scranton
the
1st &
570
Inc
Stringfellow——_
with
mtge. 4%
;
570
1.130
1,690
Co.—
&
of non-carrier property and
*
340 '
*
.
Holders
interest
will
in common stock.
accordance
In
*
:J_i
Reynolds & Co
approximately $55,634
340
,Co„.
St
their claims in common stock.
receive the entire beneficial
of
bonds
distribution of new securi¬
ties. the holders of outstanding bonds will receive for each $1,000 prin¬
cipal amount of bonds approximately the following new securities:
»
900
1,690
—
Pierce
extension
of their claims
1,470
_!
R.
.
31.55%
about
Paterson
.:
&
Arthur Perry & Co., Inc.—
W. Pressprich .& Co.—_
,
receive
in
in
450
———
Jackson
Curtis
900
Central Republic Co. (Inc.)
Webber,
claims
of
1,920
450
Maynard H. Murch & Co._
225
—_
1,690
G.
preferred stock, and the remainder in common stock.
mortgage bonds will receive 100%
cf the amount
common stock.
Holders of general mortgage bonds
in
second
of
their
will
45d
Moseley & Co
S.
bonds, about 40.4%
and the remainder in 5% preferred stock.
Hold-»
ers
of first and refunding bonds will receive about 24.2%
of their
claims in first and consolidated bonds, about 12.1%
in income bonds,
income bonds,
Holders
l
about 38% of their claims in
in general mortgage
bonds will receive
first and consolidated 4%
4V2%
of the
underwriters
of Midland
Holders
new
-—
2,700
753,366.7$
approval of govern¬
RR.—Reorganiza-
The present capitalization
Equipment
100,000
Becker & Co., Inc.—
77,798
by the requirements of the mortgage under
are
to be issued.
bonds
July
on
and charges
& Co._
Shober
names
Allyn & Co., Inc.—
Almstedt
*
1,025,000
subject to
ICC
Woodarcl-Elwoood & Co.
Woolfolk. Huggins &
Blyth & Co., Inc.——_
A.
;
100,000
(shares)
may
limited
seires
(shares)—i
prices subject to adjustment; contracts subject
terms and conditions.—V. 15S, p. 2087.
s
Annual
100,000
F.
..
367,900
99,148.555
Require*
100,000
1,690
C.
W.
(Giving Effect to -Present Financing)
"
Authorized Outstand'g
series, due 1974
*$250,000,000 $34;5OO,0OO
'•
mtge. bonds. 3V8%
$432,850,040
Amount
100,000
A.
.
;
'*
at
1944
certain
on
Under the plan
100,00Q
____
Merrill. Tttrben <fc Co'.JLL—
4,625,380
.
1944J 159,271,730
amount plus accrued interest and unsecured claims is about $44,870,000.
The effective date of the plan will be Jan. 1, 1944.
The approved capi¬
100,000
100,000
100,000
100,000
Wood
U
1941
$592,121,770
1944
contracts,
on
ending June 30,
follows:
talization
2,733
J. J.
'
June 30,
:
months
contract
$14,450,000.
100,000
Shares
Capital Stock
.
First
The
100,000
Dillon. Read & Co
439,040
—
1944
of
v
'
1914,
){t
100,000
E.
but excluding
;;
June 30,
to
1,
work
uncompleted
'
.
principal of and interest to maturity on
the company's St. Charles St. RR. 1st
mtge. 4% 50year gold bonds, due 1952, 'which, together with in-
Funded
Co.—
Underwriters—The
preferred
gold inc. bonds,
the
18.817,495
12,259,505
Operations, Jan.
of
six
(dated July
ICC
100,000
100,000
F.
•
v
1949, which, exclusive of
require,—
terest to maturity of $84,900, will require——
,
100,000
100,000
Moran & Co
Harold
The First Boston Corp..
$8,557,780
8,644,010
tion—
100,000
150,000
&
Estabrook & Co
due
wrest to maturity of, $47,040, will require
/{1
200,000
150,000
Dain
M.
Stock
the
pay the principal of and Interest
to maturity on
company's Canal & Claiborme RR. 6% 50-year gold
mortgage bonds, due 1946. which, together with in-
(f)
Corp.—
150,000
To
,
200,000
der, -Inc.
operating revenues
was
derived from
business, and 34.4% frcm transporta^
v
' '
•
——_
A
Co.—
Bankers Securities Corp.
1944, total
approximately 46.0%
at 102 $17,856,000 5% 1st & ref. mtge. gold
bond's, series B, due 1S55, which, exclusive of accrued
interest, will require,—
accrued
200,000
&
2,375,851
New York Susquehanna & Western
100,000
Sills. Minton & Co., Inc.
Stix & Co.__:
Watkins, Morrow & Co.
Weil & Co., Inc
200,000
Co
17,129,822
14,745,710
'
30,
To redeem
series
&
Thomas
30,
"Estimated
lows:
bonds, series A. due 1952, which, exclusive of accrued
interest, will require
To redeem
1—
_„
W.
12,631,884
3.466,307
Shipbuilding Corp.—Operating Statistics—•
on
to cancellation
Seasongood & Mayer—.
200,000
3,062,219
1,718,269
value
June
Reinholdt & Gardner—
Russ & Co.—
200,000
Co
2,252,821
account of undeliv. contracts, to June 30,
on
Billings for
———————
Inc.
& Scrib-
Wachob-Bender
To
>
200,000
light,
redeem at $110 per share plus divs. all of company's $7 preferred stock (no par), which, exclusive
of accumulated divs., will require———.:————
(b) To redeem at 101 $11,849,500 5% 1st & ref. mtge. gold
<d)
&
Deane
Thomas
r
(c)
200,000
J.
.
(a)
200,000
Co.
—
___
Schwabacher
Singer,
preferred stock, together
such additional cash (estimated to be approximately $855,356)
the general funds of the
company as may be required will be
for the following purposes:
with
Securities
$16,170,434 $15,160,280 $92,032,445 $87,452,546
fixed
Gross
100,000.
100,000
100,000
-
'
1944—6 Mos.—1943
fixed
for
income
Billings
100,000
RR.—Earnings—
1944—Month—1943
"Gross value of undelivered contracts.
Patterson, Copeland &
Kendall, Inc.
100,000
Peters. Writer &
Christensen. Inc.
100,000
F. L. Putnam & Co.,,,
200,000
excess
charges on the present capital structure
under rejected leases.—V. 160, p. 330.
rents
100,000
Park-Shaughnessy & Co.
The Robinson-Humphrey
Charles
series,
Co._^
Ross & Co.— '
Mullaney,
Nashville
the
1974
&
Moore, Leonard & Lynch
Alex.
the
Inc._
McCormick ' &
200,000
Morris
Application of Proceeds—The net proceeds (estimated to be approxi¬
mately $43,315,858, after deducting estimated expenses and excluding
interest and dividends) to be received by the company from
of
Co.,
*
accrued
sale
200,000 "
Arnold and S. Bleichroe-
and
April
19.6% from gas
"
—
-
and
2,723,508
"After
100.000
100,000
Milhous. Martin &
McKnight. Inc.
Minsch. Monell & Co.
Murphey, Favre & Co._
Newhard. Cook & Co.—
Pacific Co. of Calif
-
200,000
Kebbon,
company
power
ended
co.——
Kalman &
municipal customers.
12
200,000
200,000
Co
&
32,023,243
income—_
avail,
"Net
100.000
Mason-Hagan, Inc.
200,000
1
Torrey—
18,619,372
charges
100,000
Mason,
5,347,470
income
revenue
oper.
Statistics
bouisse
Co.,
Hirsch, Lilienthal & Co.
Company itself sells, at retail and also cooperates with local dealers
the sale .of gas and electric appliances to its customers
were
&
mil. st
natural gas (or mixed
natural and
manufactured gas in
emergencies)
and transportation
service in the City of New Orleans.
Electric and gas service are sup¬
plied to residential, commercial, industrial, public utilities and Gov¬
ernment
&
Loughrldge & Co
Cruttenden
r
electric
ry.
Income
New York
Co.. Inc.
Lamar. Kingston & La-
250,000
706.991
23,104,413
fixed
aft.
Federal
oper.
Net
Johnson. Lane, Space &
200.000
Cohu
Co.,
dated June
Total
&
j
Inc.
plan and agreement for
Light
•
1,704,254
24,124,947
3,712,514
income
118,173
3,903,134
New York, New Haven & Hartford
Son
250,000
Co.,'
Bosworth, Chaunte,
operating in the State of
subsidiary of Electric Power & Light Corp.w and of
public utility
396.031
125,000
100,000
—
Harrison
H.
:
•
5,735,140
^
Period End. June 30—
100,000
Co.
from
charges
125,000
—
Carter
Co.
250,000
Co
&
Emerich
,Ames,
subsidiaries.
no
a
JElectric Bond & Share Co.
Company
the
&
Weil & Arnold
27,
in accordance with
&
-
1922, on which date the original
New Orleans Public Service, Inc., was formed to acquire the properties
of New Orleans Railway & Light Co. (then in receivership) and its
Sept.
250,000
Co._
9,713.721
55,834,652
100,000
Foster & Marshall
Wm, P. Harper &
250,000
Nicolaus
_;ii
L
Inc.
agents.
back
&
Brothers
Stifel,
Stock ($100 par value)
in
Tully
10,248,177
44,448,573
profits taxes for June, 1944, of
and $9,026,500 for 1943 and for the 6 months ended June,
1944, $31,183,105 and $45,125,820 for 1943.—V. 169, p. 15.
;
150,000
150,000
Ferris & Hardgroye——
.
250,000
1,761,778
9,368,777
charges
150,000
Inc.
Co.,
Inc.
Stern
ranging from
30
transfer
&
1,985,456
deductions
fixed
"Includes
Clement A. Evans & Co.,
250,000
Co.,
Whitney National Bank of N(?w Orleans
and New York Trust Co., New York, registrars.
Company—Company is a consolidated corporation formed in Louisi¬
ana
as
a
result
of
the consolidation agreement
of Dec. 28, 1925,
whereby New
Orleans Public
Service, Inc.
(predecessor company),'
was
consolidated
with Consumers Electric
Light & Power Co, and
Citizens Light & Power Co., Inc.
New Orleans Public Service, Inc.
(predecessor company), was itself a consolidated corporation, resulting
from previous consolidations (with constituent subsidiary companies)
New
Dickson
Mitchum,
payable
at
upon
Total
150,000
150,000
150,000
150,000
150.000
150,000
Ducournau
Inc.
68,536,204
9,843,685
income
income
as
Francis I. duPont & Co.,
The Ranson-Davidson
Q-J,
Redeemable as a whole or in part at any
days' notice at $111.50 per share if redeemed
prior to July 1, 1954, and at the price cf $105 per share if redeemed
on and after July 1,
1954, in each case together with all accumulated
and
unpaid dividends thereon.
Entitled on voluntary liquidation to
$105 per share and on involuntary liquidation to $100 per share, plus
in
each
case
all
accumulated
and unpaid
dividends thereon.
The
Dividends
.
time
the
Cummins,
300,000
San-
income,
oper.
ry.
59,312,400 358,505,202 341,300.624
$3,802,510
—
P.
■,
7,858,229
,
replacement fund or the current sinking fund require¬
with such proceeds of the release of property as must be
4%%
&
—
S.
&
300,000
'
•_
>
Hattier
Green, Ellis & Anderson
the
upplied to retire bonds at the special redemption prices
104 Vi in 1945 to par after June 30, 1973, and thereafter.
Jac.
Inc.
any
or
300,000
300,000
Smith
time on at least 30 days' published notice at prices
ranging from 1.06% in 1945 to 100 after June 30, 1973, and thereafter.
Bonds will also be redeemable with cash deposited with the corporate
ments
350.000
300,000
ford
for
350,000
&
Day & Co
White,
trustee
Co,_
Co.——
&
& Co.
Inc.—
Nusloch, Baudean &
and' in fully registered form in the denominations of
and, at the option of the company, any other multiple
cf $1,000.
Coupon and fully registered bonds are to be interchangeable.
Bonds will be redeemable at the option of the company in whole or in
at
.-
Gregory & Sons,
$10,000
part,
Co.
Dempsey-Detmer
principal only,
$1,000,
&
Whipple
Haupt
L.
R.
500,000
American
Bacon.
in the
company
be
500,000
Baker, Weeks & Harden
in New York and in New Orleans.
Definitive bonds w(ll
coupon
form in denominations of
$1,000 registerable as to
the
500,000
500,000
Swiss
form, later exchangeable for definitive
1 and July 1 at office or agency, of
temporary
payable
500,000
Co.—
Newton,
Langley &
103.26 for
series, due 1 !)74
Mortgage Bonds, V/s%
First
750,000
500,000
Graham, Parsons & Co.
Hayden, Stone & Co.—
dividend rate of 4%$.
July
Weeks—
Co.,
Milwaukee
1944—6 Mos.—1943
10,198.495
Total
Cor-
The White-Phillips Co.,
Ino.
i.
Wurts, Dulles & Co
Wm, J, Mericka & Co.,
Inc.
Ward, Sterne, Agee &
Leach
Atkinson. Jones & Co._
The Bankers Bond Co.,
Inc.
Barrow, Leary & Co.—
Bioren & Co
Braun. Monroe & Co.—
City Securities Corp
John Dane
—
Davis. Skaags & Co
..
The issue was awarded
Dated
Wheelock
1 ,000,000
Inc.
&
Lines)
1944—Month—1943
54,752,070
Other
150,000
Inc
William
subscribed.
ft
&
»
1 ,000,000
1.,000.000
The
(par $100) at $106.50 per share. The issue
*
1 ,175,000
Inc.—
Inc
Merle-S.mith—
&
Dick
&
Burns
Metropolitan Si. Louis
Co.
———
Newburger & Hano—
Alfred O'Gara & Co.—_
William R. Staats Co.__
Walter Stokes & Co
Webster & Gibson——
Co. 1 ,175,000
&
Co
Hornblower
Dillon, Read & Co. on
July 27 offered 77,798 shares of
&
Co.,
Pomeroy,
Preferred' Stock Offered—A group of
77,798 Shares of
&
Hallgarten & Co.—
Schoellkopf, Hutton &
,
60 investment houses headed by
Martin,
1 ,175,000
Rothschild
F.
Blair
competitive bidding at
submitted by a syndicate
headed by Dillon. Read & Co»
RR.—Earnings—
1,678,905
Net
bett. Inc.
Co.—
Wertheim
awarded
was
1 ,175,000
Co._|__
& Co
Phelps, Fenn & Co.— 1 ,175,000
has been
bonds, 3V$% series due 1974. The issue
the
13,083,840
Net
150,000
150,000
Corp.
1 .175,000
&
from
the applicant will be approxi¬
to
1,612,488
'
are
Loewi & Co
Langley & Co.— 1 ,175,000
C.
Otis
oversubscribed.
102.809.. Another bid of
underwritten
amounts
1 ,175,000
Co.
Halsey, Stuart & Co., Inc. on July 27 offered
at 103.875 and interest an issue of $34,500,000 1st mort¬
gage
&
Ladenburg, Thalmann &
headed by
-
Forgan
99.882
basis
11,469,483
The First Cleveland
$3 ,100,000
Glore,
Service Inc.—$34,500,000 Bonds
Public
Orleans
New
underwriters of
several
the
of
respective
& Co.,
Inc.
Stearns
of
be
•
names
the
and
bonds
Bear,
bid
received
this
On
330.'
p.
rents
follows:
Halsey,
was
36,942,656 259,354,241 218,146,176
alphabetical
possible.
as
best
l7/s%
accepted.
63,372,603
42,432,403
Miscel.
order.
in
"Railway tax accruals—
Equipt. and joint facil,
$2,659,474
'
series
1974
such bids
designate
Operating revenues
Railway oper. expenses,
195,000
refund
Underwriters—The
Bond
position
160,
Period End. June 30—
•
Cr90G
charge for the first year on the $34,500,000 principal
amount of 1974 series bonds will be $1,078,125 and the annual dividend
not always
it is
reasons
The
of
rate
been
(Including All Leased
interest
The
received.
a
has
the proceeds
New York Central
2,800
257,667
$369,540.
mechanical
cost of
on
and
to
The.
firms.
87
and
the dividends to be borne by the cer¬
invitations and advertisements seven'
were
based
Co.
to
certificates,
the
dividends,
184,617
$2,375,488
363,889
$1,617,823
credit.
retire,
requirements
NOTE—-For
Trust
1.90%.—V.
these
parties
40
dividends
annual
1%
of
sent
were
for
accrued
$
—_
—
Post-war
2,415,506
1,163,880
-
accrued
Cleveland
average
"After deduction of—
15.
p.
representing
and
bids
submit
and
to
response
120,508
235,872
Cr33,880
deducts..
&
charged
In
certificates
the
to
99
$5,038,079
119,447
-
railway—.
from
—V.
bids
238,315
oper*
from
$4,649,475
2,039,134
119,447
219,724
Cr4G,302
1,825,150
for
than
disct. &
—
int.
$3,929,893
1,879,853
$3,764,412
bonds
debt
of
Debt
Net
tificates.
$5,034,476
;•
3.602
$4,640,558
8,916
bid
requested
less
v
$1,129,319
railway- _'
From Jan. 1—
Gross
22,985
(net)
mtge.
on
Int.
railway——
from
ry.
1,511,201
$3,899,584
30,309
$3,741,427
income
Gross
Other
1943
frcm
Net
3,227,915
*2,402,000
to
were
not
multiples of one-eighth
/
;
Int.
RR.—Earnings—
1944
June—
Gross
2.698.759
3,131,411
3,380,359
*4,492,159
"5,063,159
taxes
revenues—^
income
Amort,
1942
3,500,294
t
be
the
expense
New Orleans. & Northeastern
prof,
Invitations
to
Jh
160, p. 330.
ago.—V.
year
a
1,575,406
3,534,000
2,290,651
3,534,000
3,414,659
exc,
The
bidders
1,497,069
2,034,907
:
provision.
other than inc.
retire,
&
-
1943
'
Inc.
the Association reports electric output
of 12,447,122 kwh. This is a decrease of 49,538 kwh., or 0.40'/*
below
production of 12,496,660 kwh. for the corresponding week a year ago.
Gas output is reported at 99,546.000 cu. ft., an increase of 5.671,000
eu. ft. or 6.04 %
above production of 93,875,000 cu. ft. in the corres¬
ponding week
—
Taxes,
Association—Output—
Gas & Electric
ended July 21,
week
the
For
:
Maintenance
Prop,
689,359.-—V. 159. P. 2087.
New England
revenues
Operation
$10), $10,632,920;
:
nectlon
1942
1941
V
$29,011,368 $27,909,704 $24,357,847 $22,224,790
10.967,470
10,568,693
9,011,672
8,351.872
Apr. 30, '44
ar trustee, and sold, at D9.882 and accrued dividends in con*
with the procurement of certain equipment.
report of the Commission states:
Bank,
^
—12 Months Ended Dec. 31—
12 Mos. End.
$13,114; total, $48,689,359,
£77; other assets.
of Earnings
Summary
$9,501,-
corporations, and other undertakings,
stocks of, and loans to,
Monday, July 31, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
436
Hubbell,
President,
died
in
New
Co.
Savings Bank of NeW York.—V.
160, p. 227.
(Continued on page 469)
& Savings
i
York, N. Y.,
on
the age of 63.
He was also President of the Empire City
a
subsidiary; a director of the Holmes Electric Pro¬
and the
Irving Trust Co.; and a trustee of the Union
Co.,
'iV-I'lOw'ft'frrti'iiiiii<i<«njrir»irfi-<iiKfiin "ft
Volume 160
li-
'iniii iiini'iji-i
1
Stock and Bond Sales
DAILY
«»
the current week.
July 22
8. Bond Frieef
July 25
July 26
Daily Record of
July 28
July 27
2
sales in $1,000 units
2Vis
Total sales In $1,000 units
j
2Vis, 1967-72
*
•
/
:
—
■
100.5
100.6
V
100.5
V
—
100.6
100.4
6
v
1
' r-rv
4-
100.3
100.3
3
100.5
100.7v
100.6
100.6
100.6
.
13
106.31
107.3
106.30
107.3
106.31
107.3
75
100
Low
Close
t' Total sales in $1,000 units
—
[High
.
(Hlgb
"[Low
Low
a%8, 1954-56—
Close
[Close
Total sales in $1,000 units
units
"High
2%S
Total
*11
100.13
100.13
1956-59.
112.10
[Close
Total sales in $1,000 units—*—
100.13
low
Close
112.10
112.9
j Low
sales in
5 ,v-:;
$1,000 units
High
[High
Low
1947
2s,
[Close
\ Low
2%s, 1945-47
—
100.6
Low
2%S, 1952-55
—
[High
[Close
Total
sales In $1,000 units
High
Total sales in $1,000 units
2s, March 1948-50
High
low
Close
Low
2%s, 1948-51
Total sales In $1,000
Close
units
High
Total sales in $1,000 units..
28, Dec. 1948-50
(High
1 Low
.
Low
•
1
[Close
Total sales in $1,000 units....—.
(Close
High
Total sales in $1,000 units
Low
2s, June, 1949-51
Close
[High
\ Low
2%s, 1956-59
Total sales in $1,000 units
k
[Close
Total sales in $1,000 units.
(Hign
Total sales in $1,000 units
—
Low
[Close
:
111.31
Total sales in $1,000 units
111.31
[High
111.31
[Close
Total sales in $1,000 units
f Hign
.
1949-1951
2a, Dec.,
[Hign
"I Low
2Vis, 1960-65
rx*k
V"
[Close
Total sales in $1,000 units
(High
\ Low
[Close
1949-1951
Sept.,
8s,
\ Low
2Vis, 1958-63
\
Low
(Close
1950-1952
2s, March,
5
—
Total sales In $1,000 units
[High
j Low
1945
[High
[Close
Sept.,
2s,
Low
1950-1952
Close
Total sales in $1,000 units
Total
[High
1
1948
sales In $1,000 units
[High
Low
Low
2s, 1951-1953
[Close
Close
Total sales in $1,000 units
Total sales in $1,000 units—
*
(High
High
] Low
2Vis, 1949-53
1951-55
2s,
[Close
.——
Total
sales In $1,000 units
[Close
Total sales in
in $1,000 units
$1,000 units
100.10
100.9
100.10
100.9
2
2
6
—
(High
[High
\ Low
(Close
Total
f High
•{ Low
(Close
1953-55
2s
Total sales in $1,000 units
1%S
sales
in
$1,000 units
[High
j Low
1948
-{ Low
1956-58
100.11
100.10
100.11
100.11
Low
1952-1954
2s,
(Close
2Vis, 1952-51—
100.11
[High
(High
\ Low
2Vis, 1950-52
Low
Close
Total sales in $1,000 units
2Vis,
v;
3
(High
j
.
[Higft
j Low
2%s, 1955-60
Total sales
—•.«*
100.2
[Close
units
3s, 1951-65—
2yas,
100.2
Low
|
2%s, 1951-53
[Close
2%8,
—
Total sales in $1,000 units
units
1
•
.
100.2
[High
High
[Close
:
100.2
100.2
,h
Total sales In $1,000 units
1
3s, 1946-48
100.2
—
'!
■
*2% •/..?
—
'•
[Close
104.21
j Low
2%s, 1951-54
u':.
.
(High
104.21
[Close
units
—
.
—
—
—
•'*
1,
1
100.7
$1,000 units
104.21
[High
] Low
—
100.7
[Close
sales in
Total
I
100.4
[ Low
1965-70——
[Close
3%s, 1949-52
3
100.4
...
July 28
July 27
'
100.2
[High
j High
3VaS, 1946-49
100.2
100.4
Total sales in $1,000 units—
Total sales In $1,000 units
...
100.2
[Close
Close
July 26
•*
100.2
100.2
[High
{ Low
2%s, Dec., 1964-1969
LOW
IHign
:.
100.2
1
[High
■{ Low
[Closs
Vis, June, 1964-1969
Total
Total sales In $1,000 units
Total sales in $1,000
the range for the year.
July 25
July 24
July 22
U. 8. Bond Prices
Treasury
[Close
Total sales in $1,000
.v,'..;
Figures after decimal point represent one or more 32d of a point.
July 24
{Low
1947-52
Total sales in $1,000
„,i,
the New York Stock Exchange
on
[High
t
Total sales in $1,000
...."v.'.u
daily record of the transactions in Treasury, Home Owners' Loan and Federal Farm Mortgage Corporation coupon bonas on the New York
Stock Exchange during
*%f, 1946-56
tj
,
YEARLY
-
unless they are the only transactions of the day. No account Is taken of such sales In computing
United States Government Securities
Below we furnish a
4 Vis,
!"•
New York Stock Exchange
WEEKLY
-
NOTICE—Cash and deferred delivery sales are disregarded In the days range,
Treasury
,'ifV'M
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4303
Daily Record of U.
1' 1 •»,
(Close
[Close
Total
sales In
$1,000 units
Total sales in $1,000 units
(High
Home
-( Low
ayas, 1962-67
Owners
Loan
'High
[Close
Total sales in $1,000 units
2Vis,
Close
1963-1968
Total sales
[Close
•Odd
Total sales in $1,000 units
NEW YORK STOCK
LOW
V
$ per share
share
$ per share
*S1
62
62
*110
61%
62
112
112
*%0
•
57
57
63 %
63 y2
63 T*
63
12
12%
12
12%
i
•
60%
*57
60
I per share
61%
61 %
/ 112
Wednesday
63
63
12
12%
„
611%
July 27
S per share
61%
61% <
Friday
July 28
t per share
61%
*110
112
60
*55
63%
*62
12%
12%
*62
63%
300
12
12%
4,400
500
$2.50 prior conv preferred-No par
26%
271/8
30%
•29%
30%
*22%
23
*221/2
23
40%
41
40'/4
95
*90
148
*142
G%
6%-
2%
30%
150
31%
*55y8
57
27 r8
27%
27V4
31%
32%
31%
55
55%
55%
55%
27%
27
27 Va
27%
*80
13%
13
148
83
*78
83
13
13 %
:/
149
148
131%
149
*78
13
83
150 %
■
15%
14%
14%
*14%
15%
*14%
29%
29%
29%
29%
29%
29%
29%
footnotes
see
page
447.
13
-
150
*14%
For
31%
55%
31%
150%
150
32%
2%
13%
"145
6%
2%
2%
148%
6%
2%
2%
27
27
83
"145
2%
55
56 Vb
*81
W *143% 150
145
7
6%
31
31%
26%
6%
2%
2%
2%
*54 %
145
6%
6%
*78
13
148%
83
*90
6%
*145
2%
*78
/r
300
-
41 Vs
600
9,500
95
6%
7,900
10
150
3,900
83
1,700
13
12%
13
149
147V2
148
*14%
16
300
29%
30
2,100
15
15
15
29%
29%
30'/a
23
Acme Steel Co
13,100
*29%
23
41
6%
No par
55
30%
*22 %
41
95
No par
100
Abraham & Straus
31%
*29%
22 Vo
40%
*88
Abbott Laboratories
4% preferred
55
31
21%
41
95
P^r
31
*29%
21%
40%
*90
EXCHANGE
21,700
30%
21%
40 %
95
Range for Previous
•
1,700
Express
Adams-Millis Corp
Adams
Algliny Lud Stl Corp
Alleg & West Ry 6% gtd
Allen Industries Inc
Allied Chemical & Dye
Allied Kid Co
Allied Mills Co Inc
Year 1048
Range since January 1
2%
*29%
21 y2
*90
bond.
Lowest
1
No Par
Address-Mutigr Corp
10
Air Reduction Inc
No par
Alabama & Vlcksburg Ry
100
Alaska Juneau Gold Min
10
Albany & Susquehanna RR
100
Allegheny Corp
1
5%% pf A with $30 war
100
>30%
95
10
12%
29%
41%
-
63%
40
*89%
1,100
60
2iy2
//
Sales for
62
112
*55
12%
^Transaction of registered
Shares
"110
*62
$1,000 units
NEW YORK STOCK
the Week
61
*57%
in
sales.
STOCKS
Thursday
112
-110
lot
RECORD
SALE PRICES
July 26
July 25
*110
*57
HIGH
July 24
July 22
$ per
AND
Tuesday
Monday
Saturday
Low
iy2s, 1945-1947.
(High,
} Low
No par
100
1
No par
3
No par'
Lowest
Highest '
$ per share
$ per share
$ per share
21
64% Jun
17
114 i Jun
12
47
Jan
24
53
Jan
3
64% July 17
10% Jan
27
26% Jan
31
13% July 12
31% Jun 16
19% Jan
6
51 %
23
109% Jan
52% Feb
37% May 18
75
Jan 13
5% Apr
124
Jan
18
4
24% Apr
'
9% Jan
141
19
Jan 21
3
Apr 26
13% Mar 18
29 % Jun
6
?
115%
Sep
July
Jan
52
41%
Jan
57%
Sep
Apr
7%
Jan
13
25%
Feb
32% July
14%
Jan
21% Mar
38%
Jan
48 7/b
67
Jan
76 %
Sep
7% July 13
3%
Jan
7Va
Apr
Jan
128%
Dec
3
3
Jan
Nov
35%
27
161
Jan
/ 108
7,
>
Jun
43
3
23y2 jan
37
July
63% Mar
July 15
92% July 3
24
Mar 29
2
70
60
Highest
$ per share
Jun
3
85
Jan
July 14
5va
Jan
34% July 14
58% July 14
13
Jan
29% July
5
18%
Jan
85 % Jun
13
64
Jan
Jun
3% July
32V4
45%
Sep
Sep
V 31% July
75
11%
May
Jun
7
Jan
152% July 14
16% Feb
5
140%
Jan
10%
Jan
14% May
35 % Mar 27
16%
Jan
37=%
14% July
5
165
July
Nov
,,'i
,im,„
Monday, July 31, 1944
THE COMMERCIAL & FINANCIAL CHRONICLE'
438
RECORD
NEW YORK STOCK
July 24
S per
I per share
37%
*114
115%
*114
*21
377b
37%
373/4
114%
115%
20%
20%
100%
*114%
116
*115%
116
38%
116
*115%
116
21%
1,200
21%
21%
21%
21%
21 %
21%
3%
3%
3%
3%
3%
3%
41%
40%
41%
*40%
3%
41 %
•39
,
74
74 3 a
74%
74%
75%
74%
75
20%
20%
21
21
21
20%
21
*66%
68
*66%
68%
70
16 %
17
16%
16%
6,400
43
42%
42%
500
28%
73
73%
73%
74
74
19%
20
19%
20%
20%
•42
131%
12%
12
90%
01%
39%
39 %
80
80
79%
25%
26
118%
117%
12%
M
12%
*12%
V
*103
12%
•/:.92::
92
12%
.
i
...
393/4
40%
39%
40
80
79%
80
79%
79%
*79%
26
25%;
26%
-
13
•16%
*103
*16%
115%
*103
v
13
16%
1
American
Crystal Sugar
6%
1st preferred
Amer Distilling Co stamped
-
267»
4,400
•3%
33/4
3%
3%
*3%
3%
3%
3%
A, 100
American
9%
9%
9%
10
9%
9%
9%
*9%
97a
1,000
Amer European
*25%
26
26%
26%
26%
4%
25%
26 %
26
25%
4'
26%
3%
'3%
4 ••■//:
4%
.
27%
26%
27 %
•27
4,7
4
/
27
27
27
4
■
27%
26%.
*25%
26%
26%
4
4
4%
J
4%
700
Tiling
Encaustic
Amer & Foreign Power.
6,800
92%
92
92
91 %
91%
90
89
89 %
2,800
$7
21%
20%
21 %
20%
21%-
20%
92
21%
87%
21
20%
21%
20%
207a
9,700
$7 2d
83
84
84
81
81
82
-
83
80%
80%
81%
81%
1,300
36
36
36
36
1
•81%
*35%
4%
4%
4%
42%
42%
42%
42%
73%
73%
73%
73%
36
6%
♦67%
8%
8%
8%
8%
8%
18
SO
90
16
Amer
8%
8%
8%
8%
*8%
8%
<
600
American
I
70
*49%
50
50
18
18%
11,400
91%
91%
ftl,500 '
16%
16%
.2,500
11
11%
11,200
16%
16%
16%
16%
11
11
10%
11%
U
23
18
*90%
91
22%
23
124
*123
37 ;
37%
23
23
124
124 :
2%
2%
2%
2%
27b
50
49%
50%
49%
5974
457b
45%
4,800
11
11%
33,600
45%
46%
46
45%
46
11%
11%
11%
11
107 b
11%
176
*174
•16
72%
72%
*16%
17%
16%
16%
72%
17
17
17
*16%
17% J,
*29%
30
30
40%'
39%
39%
40%
158 %
•43%
45
•147%
150
159
158%
*43%
159'/a
•158%
45
44 %
44
*J 47 %
24
17%
ft
-V
126
158 %
18%
147 %
150
*147%
24%
*
43%
25
24%
24%,
18%
18%
18%; £
22%.4
.,18%
.
22%
*42%
42%
*42%
42 %
42%
127%
127%
30
*29%
.30
162%
162%
162%
162%
,
•73%
73%
72 3/4
73%
72%
72%
73
7334
73%
74%
73%
73%
73
73%
149%
146%
148%
148%
148%
148%
149%
42%
r
!
163 7b
72 3i
100
.6,900
Amer
2,200
American
727b
73%
73%
148%
1497b
149 %
11%
12%
11%
11%
12
12%
12%
12%
12%
127b
12
12%
44%
44%
44%
44%
45
45%
45%
46
45%
45%
45%
4,000
457b
120
•118%
*119
8%
7%
83%
84%
30%
::>V; 5 i;V
54%
5
54%
ft
98%
84%
84%
5%
•
87b
86%
57b
5%
5%
54-
543/4
54%
54 %
257b
267b
32
32
2774
27%
30%
29%
31%
31%
31%
31%
27%
26%
27%
27%
28
277b
277b
*114
116
*10%
3%
*3%
53%
53%
53%
53%
6%
93%
6
*52
6%
6%
53
116
*114
116
.
*10%
113/4
*10%
33%
3%
37b
53
_
6%
6%
91
107
106 v
43
43 V
92
.ft
*114
117b
*3%
;
106
106%
106%
11
3%
91
99
90%
*114
116
«
'53
6%
6
106
ft
*105
,
9274
$5 div
Andes
52%
1077b
*
*105 7b
1,000
I
106
preferred
$6
7%
70
Midl'd
11%
42
42%
11%
•11%
•115'
16
*10%
12%
12
117
*115
16%
101
12
117
;i
*115
103%
104
99%
*36
*106%
108
103%
1033/4
1037b
*99%
100%
*997b
100%
38
*36
-
*106 s/8
107
66%
68%
67%
68%
67%
95
94%
95%
95
39
38%
39
383/b
39%
27
27%
*26%
28
*26%
27
63
*60 V2
63
*60%
31
%
,
1037b
I
*36
107
*1067b
69%
X67%
68
677b
95%
95%
947b
947b
95
40
387b
*27
39%
27
*60%
:
27%
63
30%
31%
30 %
111%
111%
*60%
31%
*110%
111%
31%
30%
1067b
30
387b
*27%
28
63
ft
;
30%
*60%
54%
547b
597/2
60
59%
60
59%
60
*117%
60%
119
*117%
119
18
*16%
60
*117%
*16%
18
*16%
18
17
17
'
*16%
11-
11%
11%
11%
11
10%
10%
*1177b
75
76
*73%
76
*73
.
4%
4%
4%
20%
217 a
20%
21%
87b
8%
8%
4%
4%
8%
21
8%
119
*75%
75
21%
97 b
75
458
213'8
.
9%
11%
77
4%
4%
21%
11%
9%
15%
16%
15%
167b
167b
16%
16%
12%
12
12%
12
12%
12%
21
■ft:"/ 8%
17
12
.
47b
12%
17
-
76
77
21%
9
65
65
65%
657b
65%
65
65
23%
24
24
24%
23%
24
16
*16%
16%
16%
♦497b
50
*49 7b
16%
:ft
17
17
17
*49 7b
50
497b
49%
1.000
16%
16%
16%
17%
16%
17
16%
16%
16 Va
107b
16%
16%
16%
16 Va
16%
16%
16%
16
167b
7.300
33%
34%
167b
106%
35
34
12
;
107
.
footnotes
ft
12 Y
38%
39
12
page
107
9 3/4
1077b
34
*34
9%
116
/ 12
12%
39%
447.
*107
35
•111
12%
39%
12%
*34
*113%
12%
12%
.
§9%
30
35
107%
107
9%
35
116
t
Farnsdall
Bath
Oil
9%
*34
1.400
107
35
1133/b
12%
12%
?9%
38%
38%
2.300
12
39
60
•
Cigars
Beatrice
$4.25
140
9%
12%
11%
ft
ft
Corp
Inc
preferred—a
Aircraft
Beech
Creek
Corp—
RR
1.900
Beech-Nut Packing Co
Belding-Hemingway—
1.900
Bell
7.200
Bendix
300
Aircraft
Corp
Aviation
157b Apr
18
May
8%
Jan
Dec
36
8
Jan
123/4
25
July 17
Dec
-
3
45
Apr
141%
Oct
151% Aug
19%
Jan
29% May
19% July 20
12
17% Jan
75
25"
Aug
323/4 Aug
158% July
Jan
42%
Jan
43%
Jan
65% July
1293/4
6
19
28
11
5
14
16
Jan
146 % July
6 3/4
32
63% July
12% July
Jan
493/8
Jan
1153/4
3%
Jan
9
88%
59%
24%
107%
11%
537b
3
Jan
33/4
Jan
8% July
Jan
79% July
42%
Jan
543/4 Mar
24%
NOV
31%
112
3%
7%
Nov
ft
?
30
65
327b
113
15%
56
May 26
Apr 19
3% Jan 3
100
50
100
10
93/s Jan
1
15% Jan 3
25% Feb 15
-
—No par
—1
50
20
--No par
1
S
May 22
105% Jun 24
31
.
7% Jun
31
8
* Jan 11
111% Jun 12
10% Jan 3
10% Apr 25
33% Jan
13
ft
.
18%
31%
35%
108%
11%
Sep
6 3/s
Sep
Jan
75
Jan
84
Sep
Dec
Jan
403/4
Jun
Jan
103/8
Jun
-4%
Jan
10%
Jun
92
Feb
110
Oct
6%
Jan
15%
72%
Jan
977b July
-59
Jun
947b July
Jan
29
Jan
39%
Oct
100
Jan
108 %
Nov
44%
67"% July
Jan
66
Jan
90 % July
24% NOV
38
19
Jan
36% Oct
44
Jan
68
18%
113%
52
57
Jan
Jan
113
Oct
Sep
133/4 May
6% Jan
50%
May
28% May
Jan
Mar
106
Jan
Sep
683/4 July
123
Jun
16
Dec
7%
Jan
23/4
Jan
9% Aug
28%
Jan
85 % Aug
3 3/a
Nov
6%
10%
Jan
207b
Dec
3%
Jan
10
Apr
6
Jan
14%
Apr
57b
Jan
127b
Apr
347b
Jan
63%
Dec
12
Feb
28 % July
Jan
15 3/s
Sep
30
Jan
47
Sep
12%
Jan
1974 July
13%
Jan
20% Mar
23%
Jan
5%
*
Mar 15
July 10
24%
Jan
105 Va
July 20
Feb 28
Jan 3
Dec
x29
■ft
93
353/b July 11
'
Jan
14%
Jan
9
>"
;-
9751
33
Dec
V. Nov
Nov
ft
Apr
May
333/4 July
xllO
7% Nov
25%
117
13
42% July 13
Feb
Jan
63/4
Mar 23
Feb 15
July 6
15% Jan 11
Apr
3%
473/8
30
18% Mar 17
3
14%
Jan
49
May 31
15% May 15
3
Apr
Mar
46
July lo
60
Jan
4
21% Apr 25
12
Jan
4
43
Jan 24
■
116
3
18% July 5
137a July 20
66
Jun
3
263/fl Jan 24
18
July 5
50
May 23
9% Jan
Apr
237b July
1% Jan
23% July 15
10% July 5
Apr 24
5% Jan.',. 3
293/4
Apr
34
Maris
May 17
July 6
Jun 29
Feb 24
62
Jun 12
118
July 14
173/8 July 12
137b May 8
847b May 9
5% July 5
14% Mar 31
7
Jan 25
par
44
*
527b Apr 19
Nov
533/4
55%
July 11
71% July 20
98
Jun 27
Jun 7
Jan 14
Feb 18
Jan 3
Jan
7
May
897b Mar 16
6% July 5
.
*
Sep
121% Aug
Jan
54% July 26
28
July 6
:
7
Feb 15
Jun
115
Jan
21% Jan
July 11
July
Jun
Jun
July
July
96
July
9% Mar
Dec
17% July
33
127%
July 14
75
1523/4
13%
49
1207b
9%
Jan
91
7
31'-% Jun 16
164
July 3
3
25
-
16
113/a Mar
38
53% Jan
82
Jan
25% Jan
Apr
Aug
Jan
108
No par
h
32% Mar
47%
353/4
5
Creamery
Beech
69% July
50
Co
Iron Works
Bayuk
100
35%
4
Oct
16 3/a July
Jan
103% Jan 19
No par
Brothers—,
5%%. preferred
4.300
30 %
113%
12%
12
'
*29%
3434
12%
12%
39
*29%
34%
9%
114
12
;
-
1077b
9%
'
34
.
12%
see
9%
•112
.
114
12
39%
For
34V4
34
114
39
30%
34%
9%
12%
11%
30%
107%
116
12%
30%
34%
9%
9%
*33 7b
'114
*29%
*34
*106%
107
9%
Barker
3
'
30%
34
*29
30%
34
;
7.0
'
*29%
r
'
16%
16%
90'
2,700
173
Feb
Oct
Jan
May 19
33"
18
-
Bangor
1.900
19
100
*
4%
'
23%
*163/4
50
16%
16
•23%
Ohio
Apr
85% Jan
13
preferred^,
a—
& Aroostook
Conv 5%
preferred.
Barber Asphalt Corp
&
154
45% Jun 16
" 66
Loco Works v t C
Baltimore
Jan
6
Jan 10
Jan
2
Jan
3
4
No par
3
(The)
14.100
12 Va
65%
No
Baldwin
Jun
July 12
7
102
Jan
127b Jan
90* Jan
100
No par
preferred
of Del
Oct
11%
161
3
747b Jan
9
85
Jan
3
35% Apr 18
-9% Feb 17
8% Jan 3
No par
14.900
16%
12%
pref series A-
Corp
.
100
25
100
5
50
prior A
Aviation
par
-A
22,700
9
16%
$5
140
45%
Jan
10%
100
RR
Nichols
28,200
21%
12%
23 Va
50
8%
16%
657b
16%
20%
12%
22%
*49%
77
4% *ft 47b
Jan
0%
Dec
preferred
Austin
16%
4% May
54
100
100
100
Atlas Tack Corp
100
1,700
v
48 3/8
8%
Refining
conv
Jan
117% May 26
12
July 5
r 4% Jun 24
57
Jun 16
6% July 5
y
947b July 14
119
Jan
7
46% Jun 28
*
12% July 10
13% Jun 28
115
May 29
173/8 July 13
* 104% July 28
101
July 10
Corp
5%
Jan
Jan
114
9%
2%
42
4%
Oct
*e
18 3/4
111%
No par
Atlas Powder..
300
18
*64%
50
*1177b
597b
11
16%
16%
*49%
.%
55
Nov
36
Jan
preferred
non-cum
conv
125%
Jan
Jaft
W I SS Lines
&
Atlantic
119
11"
47 b
G
5%
200
*167b
23%
23
Atl
7.200
11%
65%
*64%
63
16
*•
800
2,000
14
55
119
4
28
Line
Coast
Jan
16%
preferred
Atlantic
6.000
6%
14
55
59%
5%
900
95
39%
Apr
116%
x26
24
preferred
Atch Topeka & Santa Fe
10,200
68%
27%
28% July 20
5%
4%
14
55
54%
11|
Atlas
14
55
*117%
'
90
14
55
54%
7%
3.500
14
55
60 %
107
:
;
Assoc Investment Co.—,
14 7b
14
119
-
1117b
111
13%
60%
38
*13%
"110%
14
ft-
Corp
Corp
preferred.:
Dry Goods
1st preferred
2d preferred
6%
320
j
100%
*110%
112
*54%
104 74
30%
13%
111%
7%
167b
30%
♦110%
111%
Co
Associated
117
39%
95
38%
*
4.200
*100
•>8
107
Artloom
69 %
69%
95
38
2.300
16 %
•
Cork
Constable
300
127b
*115
1037b
99%
Arnold
107b
127b
Jan
33% July 17
!-5
preferred
Armstrong
2.300
427b
*107b
117
103%
*106%
60%
*115
i;
16%
38
60%
117
16%
99%
30%
12%
16%
*36
108
42%
117b
12%
16%
*98%
*106%
*10%
12%
16
103
38
11%
15%
100
'
427b
15%
-
•36
42%
12%
./
*115
43 %
*10%
11%
V 12
117
15%
101
•98%
*10%
11%
11%
423/4
ft
42%
Jun
20%
Jan
No par
100
No par
—5
No par
100
1
100
100
'
42%
Jun
Jan 24
of Illinois
Co
15%
10'/a
20
No
prior preferred
conv
Jan
Feb
25
20
5
Sep
7%
July 27
129% July
•
44
Feb 16
24% Jan 26
No par
Oct
17% May
82%
12%
12,50
-
Feb
Feb
10
3
3
47
Jan
Nov
23% July 13
7
Jan
7%
73/4 Nov
68
Sep
9% May
Jan
No par
Mining
Daniels
4
1
Paper Co Inc
Armour &
17.600
92 7b
847b Jan
6% Jan
677b Jan
25
50
Wire & Cable
Copper
P W
Archer
700
67b
6
A
39%
July 15
Jun
July 13
151
Apr 24
27% Mar 16
1163/8 Apr 26
67b Jan
3
100
preferred
Anaconda Copper Mining..!
Anchor Hock Glass Corp
! "500
13
Jun
66%
43/4 Jan
5%
45
8% Jan 3
39% Apr 19
par
Apr
144%
3
par
Apr
47b
37% Jan
July 10
43% July 10
3
No par
No
Woolen
$5 prior conv
:
37b
*917b
preferred
Anaconda
850
2,900
117b
37 a
52%
6
92%
92
15,600
'
53
*52
116
*10%
ft,
.
No
Elec
&
Preferred
"
400
v
'
Wks
Amer Zinc Lead & Smelt
6,300
i
1st
American
3,100
57b
54%
preferred
Water
$6
5,600
86%
5%
54%
5
5%
Am
100
i
87 b
54%
26%
32 %•
11%
108
12,300
*95
25%
3%
;
100
8Vb
8%
86%
26%
*114
:
1197b
119%
,
96
8
8%
20%
*11%
•106
84%-
83%
96
96
26
3%
6
-
293/4
' 116
93
8
25%
25%
3%
11%
8
*26%
27%
•10
*95
96-
8%
8
120%
8%
26%
31%
•114
83%
82%
4%
*54
26%
•26%
*7%
*1193/8
8%
8 %
8%
Foundries Inc
36%
Jan
Mar 25
9% July 7
31
6
563/4 Jan
Jun
Feb
May
160
7
57% Jan
139
Jan
100
10
14
100
7
2%
5
18% July
Feb 11
Jan
Jun
July
173/8 July 10
26% May 17
156
•
78%
Jan
176
3.
25
class B
Viscose Corp
American
3,200
30;
3
July
52"% July
9
Jan
873/4
'26
Jan
% July 13
Jan 20 4*
29
May
2
•
3
25
Tobacco
preferred
Amer Type
11,200
■
119%
*119
119%
ft
*95
7%
82
-
56
253/4
96
7%
5%
4%
•54
8
7%
7%
7%
8
*95
96
•94%
♦119.
119%
6Vc
-
3
Ill
.
100
Telep & Teleg Co
Common
800
t
100
__100
No par
Tobacco
Jan
7H Jan
39
937b July 12
16% July 1
l23/4 July 5
13
16% Jan
Sugar Refining
Sumatra
Am
46%
Apr
9
May
18
15
par<\.
Jan
70
21
No par.
Preferred
500
f
29%
163
American
1%
75% July 13
No
*
Co
Jun
29% May
40%
20
147
Mar 8
2'2%JunlO
No par
Foundries
Stove
American
1,500
128
*28%
800
100
preferred
non-cum
Steel
47b
10
Nov
Jan
7
39% May
Dec
Jan
13% Feb
25
Feb
Jun
54%
Dec
35
3
Jan
11% May
53%
13% Jan
36% Jan
18 3/a
104%
63/b Jan
21
50
3
26% Jan
Dec
8% July 14
22
147
Jan
22%
10
62% Jan
18.50
No par
No par
No par
1123/4 May
1% Jan
,
72
-
4
Jan
116% July
Feb
22
7% Mar 31
4
12% Jan
100
American Stores
1,000
«
163
25
Apr
No*
42%
1
5
49% Mar 22
12% Jun 27
Rolling Mill
Jun
July
63/b
17
Jun
6
Feb 21
Feb 14
Jan
3
par
457b
133/4
5
2
44%
40
9
par
100
913/b July
185% July
97% Jan
5
par
Smelting & Refg
Amer
10,100
2174
43
73 %
148%
149%
z
♦127
72%
73
*81'2
25% Apr
90% Jun
37% July
6
July
43
Jan
757b Jun
No
No
No
No
Ship Building Co
6%
187b
26
96
Light
San'y
Jan
5
107
115% Feb 18
par
97b May
Jan
15
24
Apr
Aug
Nov
71%
168
125
July 28
377b July 24
American Snuff
148
3%
■*'. 134
80
21
Preferred
200
r
24%
217b
1637b
727b
73%
733/4
Lti
29%
1627b
Amer
24 3 a
42%n»,r
29%
70
.7,500
§ 360
447b
*147 7b
i
128
*126
128
*126
i
407b
Jan
433/4 July
24 3%
Jan
Safety Razor
American Seating Co..
Amer
127%
Sep
9%
Jan
Jan
July 13
32
American
297b
*43%
■
148
*22
*29%
i,
43%
600
159
1587b
158%
44
21%
A
162%
162%
163
162%
397a
30
*29%
29%
29%
407 a
126
126
126%
*
29%
*43%
%
18 %
:
21% ; 22
43 ft'.
42%
42%
•42%
•29%
158%
a) 21%
17%
17%
18%
22 a,
-
21%
29%
40
*157
158 %
25
,24%
24 %
3/4
297 a
40%
-f
Nov
4%
27%
25Vb Juiy 18
4Vz% conv preferred——.—-100
100
61
15
Feb
20
100
Preferred
810
I
157b
157b
40%
150
ft,. 24%
150
*147%
'
24
16%
|
17
Jan
par
Rad & Stand
American
47
No
News
preferred
preferred
$5
Am
Dec
Co
preferred
$6
10
3
727b
*16%
*29%
30
40%
40
;
/
•
% July 22
No par
183/s
Jan
12
8% Jan
—
—
Amer Power &
17,200
157b
71
■
16%
180
15%:'
•
72%
17
*16%
,
*174
157b
72
72%
17
:
'
176
15%
16
73%
*17
30
•29%
15=}.
15%
l73/a
723/4
16%
15%
176
*174
176
*174
15%
15
6%
,5,000
2%
No par
767b July
Jan
Jan
10
*
Jan
8%
29
80% Jan
4
14% Feb 29
No par
Metals Co Ltd
American
3,800
50%
11%
17%
310
2Va
45%
73%
160
S
49%
11
72%
/
37
36%
27%
45%
•16%
125
124
37%
37%
37
■
Fdy Co.*
Metals—
&
14% Feb
52
Nov
Jan 10
46
—100
Rights
Amer
,1,800
23
227b
Mach
Amer
-
50
No par
Locomotive
34
18%
Mar 27
67b Jan
Jan
59%
Apr 19
Jan
23
10% July 7
Mar 22
5% Mar 16
102
Jun 5
-
61
Jan 19
7% Apr 25
1
preferred
Amer Mach &
i
Co of 111
preferred..
conv
7%
100
No par
Corp
Invest
American
15,700
%
23%
123
123
'
18%
'
Internal
5%
49%
ii
91
49%
50
*49%
18%
91%
16%
18
preferred
6% non-cum
800
45%
15%
4,100
No
Ice
American
|
18%"
90%
preferred
conv
8%
50%
176
6%
*8%
45
15
,
American Home Products
3,000
69
*67%
49
•174
4
900
8%
49
11
par
200
i
2%
49%
2%
2%
2%
65
i
6%
6%
*67
-1
44
33
Jun
14
24%
3% Jan
3
39% Mar 31
71
70%
6%
69
*67
*42
73
.1
50
37%
37
37
37
6%
69
44%
16 %
123
*121
'ft 6%
63/4
*41%
*71
iu%
■/
23%
23%
23%
123
123
723/a
-,—10
American Hide & Leather
867b
.
20
8
American Hawaiian SS Co
Oct
Jan
July 10
10
800
8%
iV
%
44%
72%
*
3,900
U 5
8%
00
16%
10%
•
*42%
v
5
8%
18%
90%
89%
10%
% %
%
10%
•23
18%
10%
16%
16
49
17%
.
'
*49%
49
50
17%,
44%
5%
8%
8%
•49
5
preferred A
—-$6 preferred
*8%
8%
•8%
36
5%
36
73
73
68
68
70
*42%
6%
6%
6 3/a
6%
•68
5
-
5%
♦35%
36%
4%
36
preferred
31%
x67
18
25
26
5
10
Apr
Jan
Jun
Jan
Jan
Jan
2% July
Jan
July 10
105
Mar 3
53% Jan 11
4
July 5
Mar 10
101% Feb 7
25
Apr 19
-27b Mar 6
8
23
3
68
15%
59
23% Sep
■
82% July
27% July
115% July
120
May
.
14
1
No par
-1
NO par
No par
No par
No par
Sees
Export Lines Inc
American
91%
-
10
10
100
20
Colortype Co
American
—
'
108% Jan 20
1087b Feb 18
10% Jan 5
No par
American Chicle
500
Jan
13%
Jan
4
July 12
<
4
Jan 26
23
17%
42% July 14
683/4 Jan
100
preferred
Dec
43% July
143/8 July
33% Apr 18
No par
Inc
& Cable
conv
par
Sep
97
Jan
Jan
183
.
5
100
590
I 130
103%
;103
5%
No
preferred
800
116'
16%
10%
io3%;
20
& Fdy—
Car
May 12
Mar 1
8
82
170% Jan
16%
Jan
ft
14
13
17
44%
132
14
95%
1267b Apr 12
100
non-cum
Chain
Am
2,600
/,
13
13
13
7%
25
60
Jan 14
73/4 Jan 3
' 37% Jan 14
par
Jan
26%
68% July 18
l93/a Jun 27
Jun 30
Apr 25
25
Can
American
Apr
16
100
1
-1
Preferred
1,200
26%
No
Radio Corp
&
58
6%
733/4
75% July 27
237b July 6
May 17
10
—,—1
ft!
preferred
American
7,600
118
*115
—
Corp—
Co
Shoe
Amer Cable
180
80 34
25%
26%
118
117%
117
16%
103%
.13
103%
**
*115
117%
13
117%
118%
*26%
118
*115
•
5%%
900
I
92
*90-%
.
50
Bosch
Brake
Am
26
Highest
$ per share
%
July
41% July
1103/b July
317b Jan
4
Mar 29
10
Inc
Note
preferred
6%
American
52,400
1?%
*
180
Bank
70
40%
*178%
Airlines
American
22 ft: July 10
103
July 7
40% July 5
118 v July 5
23% Jun 28
3
82
Agricultural Chemical-No par
American
5,200
1,700
132
132
131
12%
93
179
It
17
103%
,*103
103%
■/'
17
,
131
100
preferred
conv
Amer
700
27%
273b
29
178% 178%
39%
40%
118
*115
117%
17
103%
39%
*79%
106%
U
*42%
12'%
92%
178 %
181"
181
115%
12%
12%
•16%
12%
12%
82%
115%
118
118
•117
131%
12
80
25%
26%
'
*130%
131%
92%
91%
181
39%
♦180
38%
26%
42%
12%
11%
90%
•115
17%
42%
*130
130
130
182
ft. 16%
43
'
•180
68
17
43
42%
42
42 3/4
•130
68
68
16%
16%
15%
,
*67%
69
•67%
68
1,100
105
*106
106%
*28
16
*105
106
14% Jan 27
33 % Apr 24
105
Apr 19
17% Apr 19
2
Jan
4
28% Jan 32
Lowest
$ per share
t per share
967b Jan
No par
Mfg
Alpha Portland Cem
No par
Amalgam Leather Co Inc
1
6%conv preferred
50
Amerada Petroleum Corp—No par
300
41
*28
106
28%
15a/a
41
41%
4%
600
28%
106%
*27%
67 %
3%
107%
106%
28 %
•27%
*41
21
preferred
Allls-Chalmers
5,500
28%
107%
103
41%
*41
5%
1.600
3%
21%
%
No par
100
Allied Stores Corp
300
100%
3734
•
S per share
Par
7,000
21
100%
38
3%
21
3%
20%'
100%
37%
Year 1943
Range since January 1
Lowest
Highest
.
|
Shares
20 3 4
102
38%
38
3%
21
•
20%
38%
38
t per share
$ per share
*100%
102
102
July 28
July 27
J per snare
20%
19%
20%
102%
*102
102 V2
July 26
$ per share
share
19%
19 3/4
19%
•102
July 25
ftft.ft EXCHANGE
the Week
Range for Previous
STOCK
NEW YORK
Sales for
Friday
Thursday
Wednesday
Tuesday
'•4V'
STOCKS
LOW AND HIGH SALE PEICES
Monday
Saturday
July 22
Sep
Sep
33% July
114
Aug
11% July
20% Mar
39%
Apr
Volume 160
' THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4303
:
.
Saturday
Monday .*'•
July 24
-
July 22
t per share
19%
19%
*56
39 %
18%
19%
59%
*38 %
18%
60%
18%
60 %
47%
*124
*18%
20
*16
20
10
17
*104%
' 47%
47%
20 %
*20%
21'/a
9%
9%
20
62'A
50 J/4
*92 U
94
51
501/4.
■■■'/■
-
14
,
*49%
Y:-y, 501/4
94%
*931/2
50%
50%
116 J/2
*113%
32%
33y4
38%
5%
39%
4p3%
403A
15%
16%
*51%
53 %
39 J/2
1-5%
32%
-
16
<;
52
■
11%
11%
11 J/4
34
v. 34y»"
*47%:< 48
■
19%
16
21
20%,
*18%
17%
:
106
*100
50%
20
106
11 J/8
11%
'36
35
48
v
20
"
33
*47
48-
*45'/a
33
^v:: 39%
*40
-
:
;
42
;Y
51%
11%
:
403/4
2.300
327%
■
Bond
4%^k
*40
•
Borden Co
:Borg-Warner Corp.^—
;
^5
Boston^ & Maine RR (assented) .100
16%-. 171/8
15.500
'
11'/a
.52%
11 J/4
35%
47
47 *'
:*46%
-
49
46%
46
•
46
•*50%-11%
•
,
*
521/2
11'A
...15
Bearing Co
5
j.
.Rranifi Airways Inc—_I
Bridgeport Brass Co..—
Briggs Manufacturing..
3.800
7,600
*44V4
20%
20%
21
-201/2
*44 »/i
45
'
20%
Jun
4
69%
Apr
:54
66% July 11
3
3
22% July
uy8 July
5
73/4 Jan
4
20% July
:
16
5
106
Jan 26
11%
191/4. July
Jan,
19
Jan:
,100
76:
52% Jun'27:
41%
Jaw
95'
Feb:
4
€5
Nov
52 '
July
7
38% Jan/
26
42% July
8
8
116% July 19
109%. May
28% Jan
.
34
3
Jun
V 17 5
17
3 % Jan
; 37% Jan
.
v
12 3/4 Jan
2%
i
27
Jan
28
38
Jun 16
39
Jan
14
50
July
40 J/4 Jan
4
20%
20%
-
:
20%
*44%;
50
21
21
21
21%
20%
-
10
10
*118%
9%
<
120
10
10%
178%
10'A
180
66%
*179
67'%
9%
180
6 7 J/2
10%
10%
183
,7
50% Jun: 21
143/b Jan 13
22% July
393/4 Jan
16
44% Jun. 12
,17% Jan
4
38%
:
9%
9%
10%
10'/a
10%
10
10'A
18%
19%
20
20
20
20 J/8
18%
18
39%
40
40'A
30'/4
31
30%
109%
14
14%
141/a
14%
I41/4
5%
5%
6 J/8
61/8
5%
70
70
5%
^
*67
*109
72
109%
*67
*109
70
*67
*47%
47%;
46%
47
11%
12%.
11%
12
11%
; 121/8
29%
29 J/2
29%
29%
29%
29 J/2
*3%
-
3%.
13%
3%
14%
80%
80%:
*22
3%
141/a
*3%
82
22%
22%
28%
28%
28%
29%
54
54 *
28%
>;
54
1 Vb V
1
1
1
6%
61/2''
6%
63/4
1
*50
1
50%:
-x
493/4
*8%
*110%
*29%
303/4
30%
5
5
36
36%:
145
146%
*50
34%
303/4
5
5
36%
*145
36%
*22
28%
28%
3%
3%
*14%
14%
81
-
22%
28%
41%
,
i
Ifcv
Nov
12%: Apr
Jan.
30%
Jan
44
Jan:
44% May
18% Jun
9'/a Jan
;
X281/2
*54
28%
,
v
48
-
5,400
*40
11% *
11% "11%
'49 '
*47%
19,800
T
*47%
49
*8%
9
49
*8%
*50
50%
303/4
501/8
*llli/4
50
50%
111%
111%
111%
30%
*30
31
5
111%
31
-
5
•36%.
36%
*145%
146%
493/4
493/4
49%
37
36 3/4
36%
146 %
49%
*34%
34%
343/8
35
343/4
353/8
343/4
35
98%
98%
98%
98%
98%
98%
99
99%
99
99%"
119%
117%
118 '/2
117%
117%
,9 14%
14%
118% 118%
120
*118%
99%
13%
14%
18%
18
18%
18%
183%
183/4 *18%
18%
18%
21%
213/4
21%
21%
21%
22
22
223/o
22
22%
33/4
3%
3%
3%
*3%
4
4
45^
*111
*111
112%
10%
10%
24
24
*93/4
112%
10
111
112%
•
14%
4%
111
14
14%
14%
Celanese Corp of Amer
$4.75 1st preferred
*111
3,300
4%
111%
23,200
30
*111
112%
10%
103/4
10%
103/4
10%
10%
10%
10%
1,110
*23%
24%
*23%
24%
24
24%
24%
24%
500
10%
*10
10%
10
*9%
10
100
10
*115%
*9%
94%
19
19
i
27
■;
■'
*
10 •;
40
46%
■
92%
97%
19
19%
19%
27
*112%
•
20
*19%
27
*26'/2
27
50
116%
35%
63/4
3,600
6"%
35
7
j:
22,500
*112%
41
41
41
41%
13
13%
13
13
46%
46%
46%
46%
46%
'
7
16
16
7
7
•
16
16
20
13%
13%
600
46%
46%
46%
13,900
46%
z
41
*40%
7
•
7
6%
15%
15%
15%
6%
6%
6'%
6%
22%
23
22%
23%
26
25%
25%
25%
263/4
26%
27%
26%
273/s
26%
27%
61
62%
61'/«
63
62%
63%
16
16%
19
19%
2,700
6%
231/4
'
52
52%
623/4
633/4
63%
63%
16%
16%
16%-
16%
16 34
16%
*16%
19%
19%
19%
19%
19%
19%
19%
20
*
46
45%
45%
*45%
46
*45%
46
r:
51
51
*51
51%
*51
513/4
70
16
*15%
16
'
200
16%
*15%
i6
23/4
*23/4
3
52
-•
46
*45%
52
50%
51%
16
;
*153/8
15% *
15%
15%
*153/4
16%
16
16
16
*16
16%
*16
15%
15%
23/4
2%
2%
*2%
.
3
*2%
*27%
29%
*27%
29%
*27%
29%
91%
90%
91%
913/4
92%
23/4
*27%
89%
92'A
29%
20%
21%
20%
20%
20%
20%
20%
105%
*105%
106%
*1057/b
106%
105%
105%
62%
62%
62%
62%
62%
62%
62%
62%
9%
9%
9%
9%
9%
91/4
93/8
93/8
44
44
44
185
*155
185
*155
185
*155
185
*82
95
*80
95
*82
92
*82
92
*113%
114
43%
*106%
113%
433/4
109
43%
.
44
44%
113%
114
44%
*106%
95%'
*95%
97
53%
53%
*53%
34%
34%
333/4
37%
*150
38%
155
135%
136
60%
373/4
*1491/8
135
60%
*60%
28%
283/a
x27%
1073/s
107%
1073/4
32%
33
114%
46%
114
473/4
'
38 %
155
27%
50
92%
11,700
*20%
105%
1051?
1051%
62%
60%
61%
130
9%
9%
9%
1,400
*60
*9%
*155
<
*82
92
*113%
114
60%'
28%
108
*155
/
433/4
*106%
109
*106%
109
*95%
97
-*95%
97
56%
*53%
57
*53%
34%
34%
34%
34%
*60%
28
108
38%
155
135%
61
28%
108
38%
*149%
1331/4
60%
433/4
'
343/4
38%
57
OO
134%
60%
28%
*33%
32%
32%
33%
*33%
34%
*113%
115%
*113%
115%
*112%
115%
113%
113%
113
18
18
18
18%
18%
18%
18
33
18
2,200
t
1,800
28%;
*33
34
115
1,300
110
18%
18%
183/e
4,300
320
107%
*113
34
290
60%
283/a
107%
113%
*
381/s
60%
28% *
70
2,200
131
131
107%
"l6
155
*149%
60%
*1073/8
50O
34%,:
373/4
38%
*283/8
107%
57
34%
133
60%
28%
*107%
*53%
155
133
40
97
:
2,100
pfd.
No par
Clev Graph Bronze Co (The)—1
5% preferred
L.100
Clev & Pitts RR Co 7%- gtd
50
Special gtd 4% stock
.—50
Climax Molybdenum;
No par
Cluett Peabody & Co
No par
Preferred
—100
Coca-Cola Co (The).
NO par
Class A
-No par
Collins & Aikman
5%
conv
preferred—
Colo Fuel & Iron Corpi.:
Colorado & Southern
*.
19
1834
19
183/4
19
19
19%
20%
*20 %
21%
*20%
J
1934
19%
*20
21
460
4%
non-cum
*18%
19%
19%
19%
19%
19%
*18 3,4
*183/4
19%
170
4%
non-cum
*31
*30
31%
31%
30%
31
31
31%
31%
31%
31
31%
31%
*30%
31
30%
30%
30%
30%
30%'
30%
For
footnotes
see
page
447.
,
19
18%
;
.
31%.
303/4
1,030
1,600'
400
—
—
Colgate-Palmolive-Feet
$4.25 preferred—
20
19%
31 %
23
20
31
27
Feb
15
Apr
19
May
1
Jan
Class B
-
8%
Sep
14% Apr
21
July
Jan
23%
111
973/4 Jan (v
4
Jan
4
Feb
41
4
V16% Nov
3
3
Feb
7
Mar 28
Jan 12
Feb 17
Jan
7
Jan
3
Apr 21
Jun 16
145
Feb 18
111
Feb 26
59% July 17
14% Apr 19
ll3/4 Jan 3
<Jan
24
109
Dec
34
July
50
July
18
8%
Jan
33% Jan
July
2%
>
7% Mar 22
253/8 Mar 22
Jan
91/8 May
17% May
7'/4 May
10%
18% Mar 25
3
Oct
193/4 Apr
89% Jan
;;
9% Mar 25
Jan
Jun
72%
32% Jan
Jan
Sep
Apr
7%
13% July 28
48
Mar
6
Apr 19
Dec
115
20% July 20
30
July 5
18
Jun
8% Nov
Mar 28.
114% July 13
463/4 July 10
Aug
18%
25
Mar 20
July 18
110
Jun
3% Mar
1%' Jan
Jan
21%
Jan
16% Dec
Apr
41% May
54
May
153/4 Apr
2%
Jan
7% Jan
i
Jun
293/4 July 12
65 % July 13
18% Jun 27
6
2
47
Jun<
53
Apr 27
;
3% May
1
5
251/s July
66
Feb
July
-
18
3
32%
96% Jan
8
27
153/4 Aug
Sep
10% Jan
5
106
63'/4
2% Jan
123
Mar
5
67
Feb
90
' Jun
32 y8 Nov
109%
115% Jan/ 3
45% Jun
109
Jan
12
Jun
39% July
,
145
74%
Deo
Jun
116% Aug
42% Deo
Jan
28% Jan
101V4 Jan
19
Dec
8%
Feb /
10V4 July 12
47% July 26
185
Jun 22
Jun
33>4May
Apr
85% July
Dec
24% Jan
67% Jan
98% Jun 19
107
Dec
*
11% Jan
13% Jan
8
July
30
36% Nov
48
19% .July 10
17% Jun 23
;
22
15% Jan
213/a July 12
108%
Dec
95% July 22
84
Jan
92% Sep
53% July 22
50
Feb
54
381/2 Mar 15
33% Nov
39% July 12
,
Sep
48% Mar
July
33 Va Jan
40
May
153
88
Jan
123
61
Dec
29% Jun
1
1
16%
Jan
108% Jun
7
*103%
Deo
152*
142'
July 11
146% July 11
67% Jun
353/a July
114
Jan
5
108
11
25
114%
Jan
13% Nov
2% Jan
.
3% Jan
3
Jan
4
4
A-.-.2.50
4
331/4 Jun 28
15% Jan
2.50
25% Jan
4
32% July 10
-15% Jan
-
<
Deo
109% July
283A July
*•
20% July 10
231% May 27
24"% May 27
23
May 20
Sep
July
68% Oct
17% Jan
12y2 Jan
13
Jan
26% Jan
1st preferred_t_100
2nd preferred—100
Columbia Br'd Sys Inc cl
■P
120%
9 it: Jun*. 27
3
Jan
23'/a Jan 6
103% Mar 2
25% Apr 25
109% Feb 29
..
40% Jun
96% Feb
16% Jan ;
37% Jan
Dec
54% July
26% Jan
1121/4 July 19
116
May
5 3/a Apr
39% Dec
147
Nov
July 11
5
19
52 /2 Mar 22
30 A May 3
34% Apr 20
-100
*127% Jan
4% July
Feb
92
No par
Nq par
—100
■.>
3 %> Jan
.32% Dec
11'/4 Jun, 22
37% Apr 20
Mar 27
.
31%
16% Nov
15
106
No par
—No par
46% July
Deo
97%
July 11
J an
111
-
11% May
47% July
9% Apr
7
15
143/4 Jan 5
Jan 12
•
'
27% Jun 23
11%
Clev El Ilium $4.50
21
19
13:
15% Jun
x20'
Apr
193/4 Apr
27% Dec
38
Mar
Jan
40
Mar
11/2 Mar
9%
25% Jan ;
122% Mar 16
Apr 19
;
104
56%
6%
35 3/4
148
7o
19
21
8'
Apr 22
8%
2r0%
VA
No par
—100
City Investing Co—
—100
City Stores
*
—
——5
Clark Equipment
No par
C. O. C. & St* Louis Ry. Co
100
5% preferred——
1
T_100
20
19
3
11
44
5%
City Ice & Fuel
GVi% preferred
X85
-
40% Jan 24
3
Jan
24
77 A
Corp
66
13% Jan
£ 29% Jan
'Jun. 19
993% July
2
Jan
23
25
Copper Co
30% July
Jan
■I
112% July 20
9
Jan
Jan '
9
Chile
Chrysler
18%
19%
*18%
V
Apr 24
Jun
%
1 61/a Dec
'Xl3% Nov'
July 10
108
277/a
*
r
109
*95%
35
*149%
155
1,100
43%.
*106%
250
>
114%
*43%
43%
*43%
92
*113%
114%
44
185
*82
185
4,900
47%
*46%
47%
47%
97
38%
21
20%
105%
109
133
300
•/
92
*95%
*149%
135
300
27%
*53%
56
34%
v-
2,100
92%
*43%
•
.
2,600
•
29
*27%
*106%
109
95%
45
20,300
163%
20%
21
*155
-
23/4
91%
93
105%
,
-
t
.
4
May 29
62
16%
22% Jan.
52% Jun
12 %
4
1,000
2,500
20,800
-
42
Apr
25% May
Jan
6%' Feb '■
July 12 ; *
51 % July 14
36% Jan
10:
4% Jan,
July 6
40
Jan
50% July 27,
Chlcagd Great West RR Co
50 ^4% Jan 4
5% preferred
•—SO
18
Chicago & Northwest'n w i—No par
21% Apr 25
5% preferred, w i
i
100
51% Apr 18
Feb 24
Chicago'Mail; Order Co..
—5 ;
153/8
Jan
3
Chicago Pneumat Tool
No par
16%
$3 conv preferred
No par <•
38% Jan 7
Jan
6
Pr pi? ($2.50) cum div
No par
- 47
Jan
4
Chicago Yellow Cab
No par
13
May >4
Chickasha Cottott Oil
'—10 14%
JChilds Co
No par
l3/a Jan 3
2,800
19%
"
23/4
V
62%
*45%
•
16
15%
1
■
:
19
46
*15%
'
16%
'
46
6%
16 :
3
17% Apr 13
Chesapeake Corp of Va
Chesapfeake & Ohio Ry—
25
Chic & East 111 RR Co——No par
Class A
l,
i
:
'■—40 <
83%
"
;
21% July 10
30% July 7
Jan
4,000
23'/a
24%
1,800
<
5% Apr
18% July
Jan
H
May 13
57
No par
100
A—-5
5 >
26%
112%
13%
15%
16
preferred—
2% Jan;
9Va
Oct
10% July
Nov
29%
65y8 Nov *
6
4A
Champion Pap & Fib Co
6% preferred
Checker Cab Mfg..l—
26%
112%
23
•
6% prior
49
Jan
3'
8
7
71/4 July
30%
>—-1
100
v
8
54
110
....
Products
600
:
27%
113
23
6%
Preferred
Cerro de Pasco
Certain-teed
No par
6%
6%
;
Mills—-—No par •
—100
Copper
No par ?
20%
5
151
Jan
Jun
6% May
75
May
Jan,
1% Jun 28
44% Jan 12
107
/
.
Chain Belt Co
23%
>
Century Ribbon
1—--
700
6%
23
preferred-100 :
-100 <
19%
22%
223/4
4%%
19%
41
7
Lt
tOent RR of New Jersey
Central Violeta Sugar Co
2,910
*13
7%
Central 111
July
503/4 Mat
31% July
2%
Oct
15%
5%' Jan;
5% July 10
39
Mar; 16
17
19% Apr
-
109%
:
21% Jan.
6
11
95%
'
7
7—No par
5% preferred
,'.—20
Central Agulrre Assoc—i—No par
Central' Foundry Co.——
1
95
*40%
v
2d preferred
30%
;
Jan
2% Jan.
,
Apr
187/8:July
May,
'
9%
41-
4
31%
96%
113
Celotex Corp—
105
,
143% July 12
.
No par
—No par
.100
24% Jan;
26% Jan
*
4
9
33 ; Art 19
..
29%. Apr
35% July
31% Jun
Nov.
s
Jan
4
10%
16
.
6
-3% July 8
I6s/a July 10
86% July 10'
24% July 12
:
9% May
116% May
54% Aug
<
6% Nov.14% Jan,
i
:
t
27% Jun
——5 /
1
-~25
Jan
97
:
12% July 12
29% Mas 13
•
6% Feb 19"
43% Jah 4
20
113
114
1%
.
42% Apr
•
A—1
10
953A
'
114
13%
15%
v
95
98
•
*1153/4
35
6%
19%
27
116%
35
95%
40%
6 3/4
6%
*26
114
45%
v.
15%
6
95%
*13
6%
15%
7%
393%
13%.
6%
34%
67()
*112%
40%
46
343/4
7
*115%
116%
35
6%
35
6%
27
114
*123/4
*115%
34%
19
;
92
26
115% 115%:
6%
34%
-
63/4
*112%
116%
92
35%
6%
l;900
10%
*9%
116%
35
4,400
18%
4%
'
*1153/4
320
■;;
151/4 Jan
33% Jah
g% Jan
>
par
May
23'/4Feb
100
5,400
14%
c
No par
1,600
21%
'
Co.—
Preferred
99%
18%
:
(J I)
6
Ry——100 -V
Caterpillar Tractor
21%
4%
Case
30
24%
*23%
10%
*111
14%
:
2,700
120
*118%
,
14%i
18%
*
■
No
Carpenter Steel Co.——
Carriers* & General Corp—'
3,500
50
v
:
13%
' aA Jan
5
—100
25
class
Clinch & Ohio
35
50
*118%
preferred A.
Carolina
900
36%
$3
>
1,100
146%
146%
49%
60
5%
*5
37
*146
24% Jan 3
53 % Feb 24
r-—11
Zinc-Lead—
Capitaf Administration
30%
30%
5Ye
130
111%
'
501/s
111%
Apr 3.8
20
Jan,'
5
527/e Mac
.
118% JUly
Nov:
Jun. 27
72
/
No par
50
Packing-i.
preferred
x—
Southern Ry Co
Canadiak Pacific Ry_—
Cannon MHIsl
L
100
6
No par
Canada
20
9*
50 ^
*8%
••
•
41
Jan
6% July
27/e Apr 25
12% Apr 18
671/2 Jan
3
-•
-100
Campbell W & C Fdy_—.1—No pa>
Canada Dry Ginger Ale J
?—-5."
41
3
•8% Jan
4r
f 28
Feb ,8
l__30
;.-_5
No par
3.
IS3/# Jun 30
431/4 Apr 25
2,800
'
Jan
Jan
76% Jan.
110'/a Mar/
3
54
.
3,400
19%
,
4
Calumet & Hecla Cons Copper
29
-
12% Jan
Callahan
19
25
20% July
10% May
Jan;
%
43
.
413/4 July 17
33"
July 12
9
May 12
Apr 17
42% July
Jan
6%
> 104
20% Feb. 24
27 5/8 Jan
6%
6%
20% July 13
107
3,900
28%
11%
5%
20
4
_
Jan
% 31
I——10
California
2,000
:
1%
19% <>'
9%
<-47%
1
55
*1
:
283/4 !
*40
11#.
11%
;.g.:
55
19%
-
400
19
17
C
>.—..1
com
3.
16% May 19
par s
No par
,
Jun
July
A
,
29% Jan
,13.
121/2 July 8
190
July 10
71% July 8
113/s Jun 29
98% Jan
1,
ju.lOO i
preferred
Butte Copper i & Zinc..
Byers Co (A M)
y Participating preferred:
Byron Jackson Co
—1
5%
2,400
130
-
28%
■
41%
<>40
-11%
814
22
Butler Bros—
1,100
v
•J
X21%
28% ■'
V. 054
55
146%
*145
50%
34
22%
49%
146%
49%
35
*110%
31%
35%
50%
*50
111
5
<
3%
141/a
81
'
*22'A
*8% ■S 9%
50%
IIO3/4
3%
14%
81
291/4
48
83/4
*50
110 3/4
3%
14%
81%
81
20'--
*40
*48
500
28%
■11%
•
29%
19%
11%
8%.
29%
•I93/4
28 s/8
41
49%:
29%
63/a
10%
*8%
6,200
*29J/2
65/8
41
*473/4
121/4
29%
63/4
273/4
;■
;
6%
39%
i
190
11%
5% Jan
..100 <
Bush Term Bldg 1% preferred.,.100 t
30
48
6%
19%
11%'
67
11%
6%
27%
"42
67
1%:
19%
5,600
*47
1
27
8,800
«
12
1%
193/4
,14%
6%
48
1
27%
,
141/4
July
1^ July 12
120 5 Jan, 27
47 y2 Jan
7»A Apr
-i—^l
:
Burlington Mills Corp,—'
5% preferred
i
Burroufehs Adding Mach
Bush
Terminal
v
6% preferred ^
4.600
67
67
*54
:
7,000
,
NO
Forge Co...;—
23
81% Jan
116
Jan
—100 /
No par t
_.i
i—No par
Bulova Watch—_—_—!
No par
1093/4
*6 v"
1
19%
10%
143/8
6'A
x
55
-26%
*41
14%
39%
39
•
313/8
*109
11%
.14%
283/4
*54
.1%
v
*461/2
:y: 3% Y
22 J/2
22%
Bullard Co
:
29%
3 J/2
Buffalo
.
No par
Mfg—
preferred—-
1.400
J
183/4
39%
31%
6%
70
12
83
39%
(E G)
$5 preferred
Budd Wheel—
1,400
10%
'
100
pfeferred.
7,400
,
20
183/4
1%
•
■->
660.
.
47%
47%
14%
*81
54
'
v
14'/a
141/4
*81
22%
47%
10
109%
*109
14%
.
250
66%
'
31%
109%
.
Budd
38.200
,
188
*19%
18%
18 »/2
39%
401/s / 40 %
30% •31%
30%
*109
7%
'
18% .18%,
v
Bruns-Balke-Collender.^
Deo
14%: Nov
Nov
45
*
-
Bucyrus-Erie Co—
30
103/4
105/8
66%
18%
J/4
•103/8
120
*186
67%
19%
14%.
5%
*661/2
38%
30%
109%
14'A
10%
186
184 J/2
67%
1.800
'
10%
120
No par
NO par
■—
7.100
!
'20%
*20%
10 J/4
120
IOJ/2
185
66%
20%
10%
120
11 ,'Y;:
184
67%
67%
w;
10%
120
9%
v
39% ;
30
10%
180
10'/e
*119
18%
18%
38%
10%
120
18%
20
*109
9%
*119
10%
V
67
9%'
19%
*18 J/2
10
119%: 119 J/8
Brown Shoe Co
100
July
Apr
Jan
"
45
*44%
Oct
6%
>
Jan..
.
20%
45
*43
Deo
8%
20%
38'
37%
July 12
l23/4 July 5
•
39,
July
20
52 y8
par t.
51'
35
30
28%. Jan:
11% Nov:
,;
% July 10
40% Feb
8"%-Jan
96% July
Jan»
26% Jan
41% July 17
7% July 3
43 y July
1
34% Jan
56% May
.
22'/a Jan
i
'
:■;
c
Jun
.July
21% Mar
11% Nov
33% Jan
.
Jun
Jan-
9%
88 y2 Apr 18
46 J/2 Jati
4
t-
Dec
193A Mar
Jan;
13%
15% Feb 29
5
40
Jan
6%
i
July 15
July 5
18
121% July
.'27% Jan
5-
Jah
Nov
110% Jan:
126 Vz July 10 '
i
48% Jun 19
NO par >
1~_.5
No par »
Bristnl-Myera! Co.
Brooklyn Union Gas.....
3.300
17
45
No par x
Brlggs & Stratton....
400
*441/4 ;'45
8% Jan
12% Jun
.15
No
600
V
20% July 15
14% Mar 14
93'% Mar
4
'
45%
July
20
•
y
2.60
Brewing Corp. of America..
300
.35.%
35%
,.
■
(The)
Bower Roller
100
401/2
;
^.-100
preferred1——.*.
7.500
2,600
y
Nov
38
-
...—No par. *
Jl
i._—1-.
Inc____
17% Sep
57
22% Jan
16
6.000
33
'
17%
Stores
13% Mar
543/4 Feb
403/4 Jun, 20
16%-Jan
.
par
No par x.,
Class* B
•
39";'" 39%'
5%-.:v 5%
.
-Ine^u.
Bon Ami Co class A..
90
35%
11%
20%
,
lltf
50%
'
*50%
48'v
'45
46
2.400.
*
95
>'•
No par
No
^
197/$ July 14
56V2 Jan 24
56% Jan
Bloomingdale Brotherai
—No par
-Blumenthal dfc Co< preferred.—
.100
Boeing Airplane Co—
——-0
Bohn Aluminum At Brass
JS.i
•115%.. 116%
i-
41 -V
16%
35%
47%
;•
K
4,600
50% i 50 J/4
39% v
6 v.-,V.
:
•
14%-
503/4
33
W.
260
40 3/4
116%
*40
;35%^
<
YY
51%
14
Co-^
-BU&s & Laughlin
'
17'A
94 '
39
-
-
•
v
32%
16% ,.16%
-20
42
*115%
5%'
Blaw-Knox.
V
50%
•
40
.*%"
;
20%: 20%
20'/4
:
Black
7.300
1 per share
4
Jan
115% Feb
2
37!% Feb 24
».-10O
^Decker Mfg Qo—i
1.000
10
94
*40 J-
;
/I
50%
50%
;40%
40 J/2
*115% II6I/2
No par.
201/2
;
*100 r 106
93%
.
1.200
'
Highest
$ per share
15% Jan
No par
Bigelow-Sani: Carp Ine
400
$ per share
share
53% Apr 21
'17
t
-
No par
i:,—.1
Fdods
Year 1948
Lowest
Highest
333/4 Jan 28
par
1
Bethlehem Steel (Del)!_„_
7% preferred
;
13,100
48
-No
pfti $2.50 dlv series '38^No par
Best
4.500.
62
*16J%-
•
14%
51
Pr
Best & Co
800
$ per
Par
■
■
Beneficial Indus Loan_
1.300
1251/2
?V,:'
•
*18%
Y'v'
*50%
94%
/
Lowest
EXCHANGE
9%
17'/4
•
:
'
'
13%
50%
V? 94 J/2
53'/b
35
i4>/8
50%
16%
*51%
46% Y 46'/a
44
33,-
39%
6%,,
5%
*39% i 42'Y:
>'v
11%
34'/2
*47
vi
19%
471/2
10
17%
v
39%
5%
'
42
15'%
44
47%
10
r
*
61%
125%
*201/4
10 J/8
13%
116%
52
■V
20%
/
*
:
19 3/a
19
62%
47%
-
391/2
125%
20 v
50%-
*115
46.
48
*100
401/a
*45%
61%
*124
,17%
:
95 -■-■■■;:■¥.
50
II6J/2
33%. '33%*
.
10
141/4
40'/4
;
63%
125%
20'A
"
•100 v106r-
.
14
40%
*40
19%
*18%
40
-
191/8
*47 J/2
17%
:i
5%.
19%
*124
20
16%
50'/4
*93%
...
39
59
*38J/a
19%
*56
'
*49%
'
19'/a
;
39% V-:
19%
58
621/2
125
*18%
...
106
13% :
"50%
*115
'
*56
39%
io%
*100
41
:
47%
*16 v;s 17
14%
-40
61%
*18%
106
14
19
59
40
19
1241%
»
Shares
Range since January 1
NEW YORK "STOCK
for
the Week
$ per share
$ per share
19'/4
Sales
•
July 28
39%
*56
V
39%
19
.
19 J/4
Friday
19
59
39
61%
9%
•
19%
*56
.
125 J/2
■
47%"
20% ' 20%
9%
19%
58
38%
18%
125%
*47%
*56
Thursday
July 27
ihaYe
$ per
<
STOCKS
Wednesday
July 26
July 25
$ per share
19%
x38%
-
61%
*124%
Tuesday
v
\
$ per share
™
NEW YORK STOCK RECORD
LOW AND HIGH SALE PRICES
*
439
Oct
19% July
Sep
19% Sep
19
173/4 Sep
26% Dec
-
26%
Deo
?/-t30^tJ^V»?X»Jtt9JVf4r.
)0rjtvnftwifirw
'*»
-rrr-nr*,
THE COMMERCIAL
440
Monday, July 31, 1944
& FINANCIAL CHRONICLE
NEW YORK STOCK RECORD
STOCKS
LOW AND HIGH
$ per
4%
79%
*88%
91
*44
,46%
40%
40%
41
91
46%
47%
20%
*20
46%
45%
41%
*41%
16
41%
3,500
91
20%
20%
*105
106 %
47
47%
16%
47
47%
46 3A
47%
47%
47%
5,200
16%
16%
16%
16%
16%
16%
,6,700
75,300
16%
1
1%
1
1%
82
82%
83
833A
1%
1
1
1%
85
84
84%
83%
84
26%
■Rl/f:
1%
26%
26%
267/a
27
1%
'
84
,
,
26%
26%
26%
26%
26%
17
17
16%
16%
*16%
16%
*16%
16%
16%
16%
26
26%
26
26%
26%
26%
26%
257%
26
*26%
27%
*26%
27%
*26%
Commonwealth
97%
97%
97%
97%
97%
27%
*96%
*26%
97
■a/r 4
/
96%
'
97
96
v'/ " 4
4
37%
4
j
23
27
*26%
27 %
96%
*26%
26
37/8
4
4
37/8
4
16%
1,600
24%
247/a
12%
12%
6,100
2,500
31
31%
7,000
Consolidated
14%
6,300
22%
23%
24%
25
25
24'/«
13
13
12%
13%
13
13
*127/8
13
31
30%
30%
30%
31
307/e
31%
30%
31%
137/8
14%
13%
14%
14
14%
137/8
23%
237/8
237/8
13%
137/e
23
23
13%
22%
22%
13%
14%
14%
15%
15%
48
48
49%
*47%
25%
26
25%
25%
•
26%
23%
22%
14%
*14%
14%
137/8
14%
1,600
Consol RR of
16%
10%
*15%
15%
16%
16%
2,600
49%
*47%
49%
*47%
48%
*47%
48%
100
106%
106%
106%
570
25%
25%
4,900
Container
8%
3,100
8%
8%
8%
8%
8%
109%
108%
108%
*108%
40%
39%
:■
25%
26
8%
87%
8%
8%
8%
108%
108%
a 108%
108%
*108%
40%
39%
29'/a
39%
8%
110
40
40%
40
106%
26%
26
400
109
3,100
39%
2,500
11%
12
11%
12
11%
12
ll7/a
117/8
rll%
11%
11%
46%
45%
45%
45%
45%
*45%
46%
45%
600
46%
45%
46%
7%
7%
77/8
7%
77/8
7%
7%
7%
7%
28,600
30
30%
29%
30%
30%
30%
5,100
29%
29%
*29%
29%
*29%
29%
500
17
17 R;;:
16%
17%
16%
36%
1,900
7
7%
7
30%
30%
30 %
30%
29 %
29%
29%
*29%
16
16%
16^
16%
16%
45
45
30%
30%
29%
■
45
45
30
■
16%
51
45
12%
12%
12
12%
52
51
51
22%
22%
22%
22
48%
48%
49
58%
58%
58'/a
*12%
12 Ye
12%
12%
*50%
51%
51%
51%
21%
21%
21%
48%
48 7%
48 7/8
58%
58%
58%
22
21%
48%
58 7/8
58%
3%
3%
3%
24%
24
24%
24%
109%
109%
109
109%
108%
109
2,900
517/a
100
22%
22%
22%
4,800
49
49
49
587/a
58%
587/8
58%
/
3%
3%
3%
1,300
1,900
25
25%
24%
24%
6,300
109
109
109%
109%
109%
600
4
*3%
6%
6%
6%
Jan
11
Jun
Jan
25
Jun
24%
Nov
10% Jan
3% Dec
6% Apr
243/a July
105
July
27
% Jan
3% May
25% Jun 22
7% Jan
19% May
24% Nov
6% Jun
2%' Feb
8
12
13% July 19
31% May 19
3
15% July 11
9%
Nov
21% Mar
ig% Jan
3
23% July 18
17%
Nov
27% Mar
100
25
12% Jan
14% Jun
4
15
16% Mar 10
17% Feb 21
4%
Jan
16
Aug
7
Jan
18%
Dec
33% Jan
47%
pfd
7% Jan
24
50
$4.50
pfd
48% Feb 21
5
107% July 12
89
Jan
July 7
Mar 10
Jun
6
16
Jan
23 3A
Jun
x4%
Jan
11%
Jun
96
Jan
Feb 15
20
7% uan 27
105 '/a May 5
32% Feb
10
May 24
10
41% Jun
16
5% Jan
3
29% July 27
24 % Apr
12%
38%
10%
47
19
Apr 24
Feb 29
Jan
4
Mar 20
15% Jan
3
44% Jan
10
25
Crane
52% Apr 28
1731/2 Apr 29
1
1
Coty Inc
Coty Internat Corp
Oct
4
100
Refining
Sep
29%
102 % Jan
20
Corp of America
3
Jan
45
No par
Preferred
350
25%
6%
25
2%
17%
Jan
preferred
Products
Corn
5
16% Jan 13
No par
8% preferred
100
Continental Can Inc
20
Continental Diamond Fibre
5
Continental Insurance
$2.50
Continental Motors
1
Continental Oil of Del
5
Continental Steel Corp
No par
Cooper Bessemer Corp
No par
$3 prior preferred
—No par
Copperweld Steel Co
5
Conv pref 5%
series
50
Comell-Dubilier Electric Corp
1
Corn Exch Bank Trust Co
20
170
180
180
181%
*180
545
1,800
25
;
25
3%
12
12
*50%
48%
6>A
*8
4
*3%
23%
*44
180
180
6%
6
6%
,
181
181
183
6%
6
:
6
*180
182%
182%
48%
.
*51
45
45
45
45
45
*44
12%
51
> 12
200
6%
Cuba
Pow
23
2% Jan
Continental Baking Co
106 %
106%
106%
26
39%
11%
8 % Feb
28
July
1% May
11% Jan
Consolidation Coal Co
Consumers
3
3
Jun
16
No par
22%
$2.50
l
Jan
24% Jan
15
pfd
conv
•14%
26
40
% Feb
79
'
1
Corp
Natural Gas
14%
*108%
*46
$1.25
2,300
No par
1
No par
5
Laundries
Consol
16%
106%
106%
Dec
July
preferred
23
*47%
105%
105
105
V
82
27
Film Industries
14%
157/8
Jan
$5 preferred
16
22%
14%
15%
36%
21% Jan
Consolidated Vultee Aircraft
23%
13
13%
Jan
Jan
3,100
13
237/8
Jan
A
44%
Jan
5%
23
107% 'Sep
9%
15%
5%
$2 partlc
19% July
18% Jun 16
1% July 13
87% Mar 11
91%
5%
/
Jan
July 10
5%
30%
5%
Jan
107% July 26
22,500
2,300
5%
5%
Jun
104%
21% Feb 23
102% Jan 15
237/8
107 '/a
5%
•5%
5%
N Y
23%
5%
'/
Consol Edison of
July
44
98% Jun 13
4% July 5
107%
Consol
41
Jan
95% Jun 23
3% Feb 17
23%
V-
Jan
25%
No par
5
—-No par
107%
.
30%
Jan
50 % July 15
Consol Coppermlnes Corp„
23%
5%
107
47
July 6
43% Jun 19
106% Jan 10
9
21% Jan 27
20% Jan 10
106%
106%
98% July
18
No par
237/a
1067/8
23
Jan
No par
No par
107%
106%
23%
79%
July 5
19 % July 15
.28
Jun 16
29% Apr 12
23%
23%
106%
.
Oct
93% Jun 15
22% Jun 23
15
25
106%
23%
23%
106%
Sep
73
14% Apr
Edison Co
preferred
$4.75
100
Jun
77%
Jan
40% Feb
No par
Congoleum-Nalrn Inc
5,400
5Y«
Jan
No par
Consolidated Cigar
4
Jan
29%
Conde Nast Pub Inc
800
26%
16%
*26
l7/a
37
No par
$6 preferred series
27%
*96%
26
preferred
Highest
t per share
40%
84
Feb 14
16% Apr 24
Commonwealth St Southern—No par
.2,800
I per share
$ per share
5% Mar 6
85% Mar 14
80
Mar 9
Comm'l Invest Trust
Commercial Solvents
8,500
26%
Credit—
conv
Lowest
Apr 25
Jan
3
Feb
7
4
76
70
No par
Pictures
Year 1943
;
Highest
No par R 39% Jan 25
10
37% Jan
3
100
105
Feb 11
Co
preferred
$2.75
106%
*105
106%
*105
Columbia
Commercial
4%%
106%
Carbon
Columbian
100
105
82%
•:
92
20%
45%
1,400
*45
41%
41%
200
t per share
No par
100
100
No par
preferred series A
preferred
6%
5%
.41%
45%
41%
41%
•
Lowest
Par
Columbia Gas & Elec
900
74%
4%
•88%
91
*44
4C%
25,000
80 %
•72
.
47
16%
46%
16%
,82%
75
28
*44
4%
*79%
4%
80
91%
*91
20
20
*72
75
:
Range since January 1
u
J
>
Shares
$ per share
share
106'/a
16%
l
91
41
*105
106
j
r
75
*72
/
79 %
79%
79%
80% '
*72
91
19%
46%
19%
19
183/4
*105
"*72
76
*79%
4%
4%
4%
4%
4%
4%
80%
75%
4%
80%
*44
$ per
snare
-
4%
*83%
t per
S per share
J per share
530%
*73
July 26
Range for Previous
4
"
STOCK
EXCHANGE
the Week
July 28
YORK
NEW
Sales for
Friday
Thursday
July 27
Wednesday
July 25
July 24
share
SALE PRICES
Tuesday
Monday
Saturday
July 23
5
*
3
Jan
27
10
110 v
43'A
13 %
46%
8%
33'/a
Dec
107
Oct
110%
Sep
Jan
36%
Jun
Jan
15%
Jun
40%
Jan
49%
4%
Jan
25%
Jan
Jun 27
Mar 16
26%
July 19
Jun 29
Jan 22
July 19
19% July 5
46
Jun 22
13% July 5
51% July 25
18%
Jan
373/8 July
273/4 July
7
30
x9%
Jan
15
45
Jar)
53
137/8
Dec
37
25% July 12
50
Jun 30
Jan
<
53%
60% Jun
9
184% July 10
7% July
Sep
7% May
173
Apr
Aug
173/8 Aug
47
Apr
61 % May
Jan
Dec
1863/4
Sep
6
2%
Jan
6
11
Jan
2% May
1% Jan
6
4% Jun 29
_25
18% Feb
7
100
2
104% Jan
20
Jan
3
27% Jun 28
110% July 21
25% July 11
No par
16% Jan
27% Feb
3
45
Jan
3
15% Feb
9
May
V;-.
24%
109
25%
25%
25%
25%
25%
*25
25%
25%
25%
25%
21%
20%
21
21%
21%
21
21%
*21%
21%
21
21
20%
34%
34%
33'/a
34%
36%
*48%
49%
*48 %
48%
*25
18%
18%
102 %
*101%
33 %
33%
34
79%
79
79%
79%
*78%
23 %
14%
24%
25%
25%
25%
*107
50%
•
125
5%
16%
16%
26
V
24%
14%
*9%
14%
14%
423/a
-
35 Vn
35%
42%
8%
8
8'A
20% i'u-V
59
59
37
■
36
*39
38%
38%
15%
15%
*32%
32%
32%
*97%
98 3/4
*973/4
RR 15%
42
42
24%
243A
16%
16%
1,700
117
16
25%
10
10
10
23
22%
22%
*21
■'
*9%
15
10
10
;
10
14%
1,600
14%
14%
112
112%
1123A
112%
112%
*112%
1123A
250
30
29%
29%
29%
29%
29%
29%
2,100
14%
43
423A
42%
42%
42%
43%
43%
353/8
35%
353A
35%
20%
20%
20%
*20%
21%
*20 %
21
33%
347/8
33%
337/a
33%
34
10,400
8%
8%
8%
.8%
20%
20%
20%
V:
20%
Devoe St Raynolds A
29'A Jan
38
31%
31"%
32%
*31%
*38%
393A
39%
39%
39%
40
1,700
15%
15%
15%
15%
15%
15%
2,200
Diamond T Motor Car Co
33%
34
333A
33%
333A
33%
5.400
Distil
98%
98%
*973/4
200
5%
,'32
32
31%
:.M ,139
39
153/8
32%
333A
*97%
98%
;
99
20
650
99
*98
18
18
18
18
*173/4
18
173/4
173/4
700
463/a
463/B
463/s
46%
*46%
46%
46%
46%
6%
Dixie
420
41%
41%
41%
*41%
42%
243/4
25
24%
25 V*
24%
243A
52%
53
1263/4
128
111%
111
111%
35%
35%
36
93/4
93/4
10
16
15%
,
1563/4
53
523/6
.
127
111%
*109%
353/4
353/4
35%
97A
15%
128
*109%
-
157
52%
128
v
,10
10
16 V
*15
:
"
15 •:
159
157%
158
'
126%
127'
*126%
127
118%
119%
♦119
119%
/ 12%
127/g
12%
12%
12%
12%
38%
39%
38%
38%
33%
39
11%
11%
11%
11%
117/8
11%
24%
52 3A
53
No
11
14
7
5%
Dec
9% Apr
14%
Nov
24% Mar
17
7% May
116
Jan
Dec
45%
Sep
96
Nov
26 3A
Jun
Jan
19
12
16% July 10
113% Apr 12
119%
Jan
3%
17
22% July 26
Feb
15%
Jan
19
Jan
116
1083/4
Jan
7%
Oct
Mar
,.
Jun
Jun
Jun
29
10
Jan
24 3A
45% Jun
35% Jun
27
26
Jan
43
19
29
Jan
5
12
Jan
36% July
20% May
30
22% July
83A
July 10
,37
9% Mar 22
21
July
Feb
41
36% May
Jan
100
17%
Jan
103A May
16%
5
Jan
22% July
40
Mar
48 %
Jan
35% July
Jan
33% Mar
37
8
Jan
42%
8% Jan
5
9
213/8
83%
Jan
10
38%
Feb
223/a
Feb
27% July 12
57% Feb 25
15%
Jan
44
35%
100
Jan
19
Nov
17/ May
Jan
25
Nov
18% July 12
May
Apr
173/4
26
29
45% July 10
47
Dec
3%
61% July 28
39% Jun
Jan
Sep
July
16% July
•
\
45
.
/
Sep
73% May
153
May
A
Douglas Aircraft
No par
1.600
Dow Chemical
No par
114% Apr 26
131
Jan
5
122%
No par
No par
106% Jan
112
July
7
X106%
Dec
/ 1073/4
Dec
16
Jan
35%
Jun
5% Jan
10%
Dec
103/s
*14%
156%
103/B
Dresser
Co
Mfg Co
200
Duplan Corp
Du
3.200
de
P
(E I) & Co
127%
*126%
127%
*liy
119%
119%
119%
12%
12%
12%
12'/a
*12%
12%
39%
39%
39
39%
39%
11%
12
12%
12%
12%
126 %
126'A
119
119
'
200
110
$4.50 preferred
I
Light
Duquesne
5%
20
100
1st pfd
7
Jan 21
Apr 19
Feb 11
Feb 7
123"% Jun 6
117% Jun 7
28'A
8%
11%
137
No par
-
May 13
47
No par
;
Nemours
~
*126%
21% May 12
1
International
Dunhill
2.300
15%
157
No par
Nonpar
$4 preferred series A
400
1.700
159%
39% Jun 26
12% Feb
2
128% Mar 24
120% Jan
20
Nov
9
•
Jan
134
17% Jun 28
162% Jun 19
/
Jan
124
Dec
115%
Dec
9%
Nov
25%
/
13% Apr
1j159 % July
?
130
Aug
1213A
Sep
E
*165
*165
166
166
166
*180
r
166
182
*180
182
*180
182
48
48
47%
48%
*47%
47%
20%
19%
19%
19%
19%
42
43
41%
42%
42%
11%
12
11%
11%
12
*19%
4%
V
42%
42%
427%
42%
43%
43%
43%
3.100
Electric
Auto-Lite
12
11%
12
;
11%
12
11%
12
4,400
Electric
Boat—
5
4%
47/8
%
*4%
4'/s
1.900
Elec
4%
4%
4%
%
4%
4%
4.600
Electric Power & Light
82
82
*63 '/a
105%
105%
12%
12
:
89%
105%
11%
11%
5
4%
89%
90%
90%
90
90
*82%
66%
*104%
r:
84%
84
84
84
84
43
43%
43%
43%
43%
*33
33%
33
33
32%
32%
*64
66
43%
66
*105
*63%
,
65
r
105%
11%
105%
105%
12%
12%
64%
12%
*105
,
*93%
98%
98 7/8
*101%
101%
101%
*100
103
U
►100
U
98%
98%
102
99
12
98%
64%
*100
%
84%
1,190
*63%
*105
2.200
33
500
65
100
105%
20
12%
18.400
99%
98%
98%
620
99
101%
100
100
100
100%
102%
102%
100
100
%
%
%
780
120
$6 preferred
*11
n
U
12
11%* ~«%
11%
12
12
12
11%
117/8
11%
11%
3,700
11%
11%
11%
11%
11%
12
11%
117/g
11%
11%
18.100
58%
58%
58 %
58%
1.200
VVir
fno+^O^P1?
58
CPP
58%
Dave
*58%
447.
58%
58%
58%
Corp
2,200
tEquitable
Feb
Jan
19
11%
4
45% July 8
13% Jun 19
30%
4
5% Jun
16
8% Nov
1% Jan
Sep
39% July
14
Mar
5% May
.
—
.
3
1%
Jan
3
31%
Jan
92
:
Nov
78
94% Mar
4
28%
Jan
88%
Nov
39% Apr 28
47% July 11
333/i
Jan
42%
Sep
27% Feb
57% Jan
7
25
34 %
July 20
68% July
5
23%
Jan
49%
Jan
101% Jan
19
101%
Dec
23/4
Jan
>
108% Jun
3
3
13% Jun
27
87
Jan
3
99% Jun
20
89
Jan
3
102
July 24
: 92% Jan 10
104
July
8% Jan-
No par
No par
No par
% Apr
25
% Jan
9%
Dec-
Sep«
92%
Sep
1
,.62%
Jan
96
Dec
12
%
Jan
No
par
9% Jan
4
13% Mar 22
No
par
9% Jan
3
13% Mar 22
100
103%
Jan
No
pref series A
Sep
58% July
57%
benef
lnt
x32
92
common
-
63/4 May
Jan
Ctfs
Office
Bldg
Apr 24
Erie RR
5%
45 3A July
20% July
par
of
Jan
5% July
1
$5
102%
Jun
35
99% Mar
,„3
Service
Public
100%
11%
59%
Johnson
99%
184
_50
Battery
preferred
102%
11%
58%
4%
Engineers
Sep
9
No par
No par
No par
Natural Gas_
preferred
$5% preferred
%
11%
Storage
El
Endicott
May
X173
50
3% Jun
8% May
170
1
18
44% July
Jan
146%
3
Jan
11%, Dec
.100
Electric
Paso
Jitn 30
3
31% Jan
3% Jan
81% Apr 25
No par
$6 preferred
44
43
*32%,
184
Apr
3% Jan
shares
6
23 ;
Jun 29
May 23
171
37% Jan
$7 preferred
500
12%
99
%
90
84%
12%
105%
103
100%
103
■%
90
V;
7
24
10
July
40% July 14
13% Jun
Jan
16% May
.
(The)
Am
14 Vs
Feb
41
Eaton Manufacturing Co
Edison Bros Stores Inc
& Mus Ind
3
175
300
r
28
Apr 25
6% Jan
157
No
Co
preferred
700
4%
*65
cum
48%
47/s
32%
6%
20%
4%
32%
900
48%
4%
33%
Eastman Kodak
182
v
*19%
4%
*32%
166
33
Mills
19%
4%
43
*164
*180
182
10% Feb
Co
inc
Rolling
477/a
88%
43
Eastern
19%
4%
43%
Eastern Airlines
2.700
477/a
88%
*43
1.700
12%
19%
4%
,82
39%
47%
88%
82
*180
Eagle-Picher Lead
19%
4%
4%
165% 166 %
182
2.700
47%
88%
4%
167
166%
*180
R
July
Dec
34
3.900
35%
,15
,u
Oct
Dec
53%
110%
=
5
4
Oct
Jan
x27% Feb 29
95
Apr 14
3
Jun
107
Jan
par
15% Jan
43% Jan
33 % Jan
26%
Jan
1%
17% July
par
Oct
Jan
30%
13'A Jan 11
par
Dec
253/4
13
July 13
10
Jun
115%
18
6
17
14%
Feb
Jan
Dome Mines Ltd
119%
*119
No
Co
Jan
10O
29% Mar 15
28% Jun 8
38% Mar 31
100
A
7%
10%
32% Jan 31
par
22 3A Aug
Doehler Die Casting Co
127
127
5
Jan
105
6'A Jan
July
82% luly
9%
July 11
140
38 '
Dec
Nov
X66
5.200
35%
10%
99% Aug
27%
81% July 5
28% Mar 10
17 % July 5
2.500
*109%
36
Jan
81%
Oct
24%
128
128
110%
No
preferred
Cup
R Oct
2
Corp-Seagr's Ltd
Class
Oct
17
25
No
preferred
partlc
47
Jan
42%
•41
128
No par
Match
Diamond
600
313A
18
155%
20
Edison
61%
3l3A
15%
50
Lack & Western
Delaware
Detroit
20%
41
155
Detroit Hillsdale & S W RR Co—100
17% Jan 17
17 % Jan
3
5% Jan
3
18% Jan 12
52
Feb
3
61%
20%
5
36% Apr 18
32 % Apr 18
par
10
38
20%
*58%
37%
21% Jan
100
& Hudson—
20%
37%
.
4
12
May 24
111
20
Deisel-Wemmer-Gllbert
Delaware
13.700
3.700
No
Co
61%
37%
983/4
8%
&
6 % Jan
100
Preferred
38
61%
a/37%
33
8'/a
8 3/8
13% Jun
1
37%
*58%
'i;i.
15%
8%
62
*58%
;UiU
•
.
Deere
400
34%
35%
19% Mar 17
Records Inc
Jan
11%
117
Jan 3
27% July 17
8
25
(The)
37%
17"% July 12
A
1
Corp
7
July 13
July 24
July 10
July
9
21% Apr 28
Dayton Pow & Lt 4%% pfdL
Decca
2,400
1,200
35%
♦35
Chemical
Davison
31
14% Jun
114% May 20
23% Mar
9
23% July
6
100
108% Aug
Jan
Jan
26% July
No par
Davega Stores Corp
5% preferred—
100
14%
Inc 7% pfd
22 3/8 July
Jan
Jan
4% Jun
_1
Cutler-Hammer Inc
600
25
*21
*14%
9%
.
2,8O5
25%
41
Jan
16%
18 a/a
107% July
10% July
140
July
55% July
Apr 25
Apr 24
97
14%
95
July 12
July 5
4
5% Apr 25
No par
No par
1
A—
Class
Cushman's Sons
25%
25
26
117
*112
.
25%
25%
24Ya
*14%
..
157%
117'
*112
117
*112
■
25%
preferred
$7
Prior preferred
Curtiss-Wright
23%
38%
49
19%
102 VA
36%
4
101
No par
Curtis Pub Co (The)
70
1,200
16%
53
9%
9%
52
16%
128
35
<
25
22% Jan
Jan
100
preferred
4
22% Jan 18
5
Press Inc
Cuneo
Jan
112
30
Cudahy Packing Co
34,400
16%
1113/8
1113/4
8%
Sugar
Jan
28
69
Jan
4
20% Jan
3
11% Feb 10
100
100
10
100
preferred
4%%
16%
353A
111
500
126
126
41%
52%
,
257/a
16%
128
53%
127%
*51
24%
v
-
8%
130
*126
53
1%
110
*107
,8%
41
••
127
156%
46
v
129
53
257/a
Cuban-American
1
97% Jan 20
No par
preferred
Cuba RR 6% preferred
5%
2,000
46
*173/4
17% :
463/8
*125
*
25%
25
No par
5
No par
Zelierbach Corp
Crucible Steel of Amer
10
150
*140
tk H
no
8%
9%
1
39 %
313A
32
*1
A.
36
;'«■
64
9
15
,
w
19,000
35%
20%
20%
/.
*25%
*107
110
*107
9
25
25%
*25%
25%
150,
*140
25%
24%
25
15%
15
150
333A
73/4
*14
6,700
23
23
15%
15
5%
*20
193/4
34
343/4
15%
24%
*23%
5%
42%
35%
193/4
33
•'
790
*50%
*29%
21%
53%
23%
5%
14%
30
34%
17%
23%
20
No par
$5 conv preferred
430
527/8
112
112
*29%
33%
*46
79%
5%
10
*20%
*313/4
*78%
5%
*22%
14%
*1113A
112
42% -
36
79%
5%
25%
23
42%
20%
79%
5%
*112
10
*22 %
29%
*58%
80
3,700
700
•
52%
16%
16%
23
29%
35 %
34J/4
102
5%
24%
10
111%
337/8
52%
5%
117
*112
117
*25
10
337/8
♦140
126
126
51
*112
*22%
8%
5
4,200
18%
33%
101%
(The)
preferred
$2.25
101%
102
of Wheat Corp
Crown
187/a
110
*107
125
51
5%
5%
16%
25%
#1
8%
52% !
126%
126
8%
8%
25%
18%
187/e
34
preferred
conv
3,200
48%
18%
15%
24%
109
*48%
80
150 <
*140
24%
48%
34%
■'
23%
15
15%
140
24%
24%
8%
.
140
109
*107
1
15 r
15 %
23
23 %
23
«
23%
150
*140
35%
*48%
102 %
797/g
18%
35%
48%
18%
102%
33
35%
*101%
18%
102
18%
102
33
34%
*48%
34%
48%
33%
18%
102
'
34
*48%
5%
Cream
Crosley Corp (The)
Crown Cork & 8eal
2,400
35%
Co
54
;
8%
8
39%
Jan
Sep
1% Mar
163A May
Jan
16% May
Jan
52 3A May
'
R
"R
R
■
i[
Volume
i:; i
vA
1- a a
LOW
■
*
85
9%
10
>>:
13 Vb
> 357a
4
'
{
'
..t
13%
36
4
4
4
-
39
>.'•>
3874
387a
25
>
24%
24%
'>.■> 12 7a
12
v>
12 7a
12% "
>
*15%
%
16
16
r.v
*
104
*1027a
:
S per share
10%
85
*83 7a
10 3A
13%
4
13%
36%
13%
367a V
*4
;
-•*4
>
257a
127/s
137a
15%
*15 7a
104
*102 7a
2274
2274'
*227*
22 7atv
*2274
19%
19%
*19 74
20
*19 74
20
874
8%
25%
25%
>>> 99%
99 7a
s
99 7a
>1: ' 20 >
20%
>
8%
2072
*49
49
*4
427a
23 7a
per
share
Highest
per share
share
per
15
78% Feb
15
68%
Jan
6% Apr
9"% Apr
19
3%
Jan
9%
Jun
18
11% July 14
15% Jun 29
5% Jan
14%
Jun
3
8
Co
Corp
L7~2~50
Exchange Buffet Corp
'
12%
•>
22%
15 7a
*103%
2% Jan
37% Jun
20
19
78
Nov
Nov
2974 Mar
3% July
4% July 14
25
*22
2274
20
»
974
100
$6
*1974
277a
100
22%
87/B
'
>
%
Jan
21
30%
Nov
42
21
Nov
28
Nov
117s
370
22%
1.700
Ferro
49%
497a
49%
49%
49%
1.000
49%
49
49%
48%
49 Va
6,500
Firestone Tire & Rubber
10874
*42 7s
42%
41%
42%
42 »
23%
237a
23%
237a
23%
*107 7a
1107a
*107 7a
1107a
*107 7a
500
42
23%
1107a
3774
*30
37
*30
307a
7%
77s
108
3774
30%
*37
6%
6%
110
*107 7a
307a
>*30
-
7%
108
36%
77a
•-
10874
36
S07a
*30
7 74
774
45%
46
45%
47 7a
48%
13%
14
1474
1474
14
1474
1474
1474
*13%
147a
*13%
14%
58
58
59
60
61
62
*60 7a
62
*60
62
21
2174
21%
21%
21%
21%
*21%
22
*22%
22%
2274
V>
587a
20%
2174
23
22%
*15
157a
*100
34%
39%
>38%
1117a
Food
21%
21%
Foster-Wheeler
1,400
22%
510
*
Corp
34 7t
•
40%
41
11174
'
11174
16
*15
33%
102
33%
39
3474
4DA
407a
337a
397a
1117a 112
1117a
100
16
102
103%
*101
*111
prior preferred
Francisco Sugar Co
F'k'n Simon & Co Inc 7%
6%
10
>
33%
240
Fruehauf
Trailer
Feb
8
6% Apr
2574 July
78%
127/a
Jan
987a
Jan
197a
42
Jan
50%
25%
Jan
43
31%
Jan
Dec
Nov
Jun
Jun
July
39%
Jun
15%
Jan
Jan
109
July
5
253A
Jan
36
Jun
July 11
8% July
5
3
19%
Jan
28
Jun
3%
Jan
30%
Jan
19
May 13'
31
58% Mar
7
66% Jun
227s
39%
22
Feb
Jun
97a July
53
9% Jan
14% Mar 28
Dec
137a July
54
Dec
5
10%
Jan
1972 May
Apr
12
16%
Jan
21
17% Jun
14
5%
23% July
Jan
18
Jan
4
Jan
Jan
15
30%
Jan
3
29% Jan
23
13
70
4
May
Jan
157»
Feb
36% July 11
29% Dec
75
Sep
3874 July
42% July 12
Jun 20
17
31%
Jun
4%
Jun
105
Jun
50
16
Jan
Dec
114
Apr 18
103
18 7a
Jan
3
38% July
13f
16
1
Feb
97%
26% Jun
109
20
13%
100
Dec
15
July 14
43
4
4
5% May 16
9
44% Jun
11% May 1
5
53% Jan
10
Co
Jun
Nov
19% July
1057a July
29% Apr
Jan
3%
28% July 10
109
May
Jan
13
5
50% July 20
51
Jun 27
Apr 25
Jan
July
101% July 12
23% Jun 26
5
24% Jan
No par
pfd—100
preferred
4%%
>
27
34%
par
Freeport Sulphur Co
1,200
3,200
39%
112
3
Jan
35% Jan
18% May
10
Corp—
Machinery
Jan
104% Jan-13
100
1
10
10
25
Food Fair Stores Inc
*22 7a
22%
*1574
16
102
347a'
397a
11174
39
11174
111
105,
*33 7a
34
33%
39%
33%
16
*97
15%
*15 7a
*101
105
,111 %
23
■> 2274
15%
*15
103%
700
700
>
>
Jan
103%
par
Corp„
preferred
conv
'
22%.
*22 7a
.*100
48%
5%
400
3
38%
No par
class A
Steel
Follansbee
2,000
47
.
Shoe
Florsheim
10
Mar
>.
Jan
18%
20% July 15
4
45
No par
No
23
Apr 24
17
No par
Stove Co
Florence
900
No
Stores
(The)
preferred
$4.50
,
7.
46
National
Flintkote Co
Jun
67/a
86
6
Jan
93
100
preferred
4%%
First
307a
7
49
48%
V
.800
3,700
367a
36%
*30
49
*107%
49
587a
Corp
49
*107 7a
7
Enamel
Phen Fire Ins N Y
49%
23%
37
4% %
48%
42
.
No par
100
1
$2.50
25
Dept Stores
conv
preferred
Fidel
108
24
8 7/8
24
22% Jan
—No par
Federated
3.400
99%
237a
17% Feb
102% July
TT
5
22%
42
18
21
19% Apr 26
6.200
107
Jan
5
2772
23%
26% July 17
14% Jan 17
Jan
2
Corp
Federal Motor Truck
99 7a
>
15
No par
Traction
&
3
Federal-Mogul
27%
22%
Light
41% Jun
3
18
Jan
9%
14%
100
Federal Min & Smelt Co
400
> 100
9
20
preferred
49 74
48%
111
Federal
Jan
21 % Apr
33 Va
par
Farnsworth Televis'n & Rad Corp_l
300
15%
No
Fajardo Sug Co of Pr Rico
3.200
14.500
105
20
97a
99%
22%
V
22 74
277»
99%
:
15%
2274
27
12%
12%
105
42
37
307a
*30
>
108
*107 7a
:
37%
■>■>i.fy 6%
2574
& Co__:
Fairbanks Morse
1,100
397a
257t
237s
*
1
*107%^ 111
>>
Ex-Cell-O
700
397a
42
*1077a
108
427a-
>>•
$ per share
78% Feb
21% Jan
Products
Evans
2.400
5
47a
V
;
25
*19 7.
26%
22%
'
49
49%
22%
37%
>
497a
49 %
.
107 7a
j
!
S
-5
Cleaner.
Vacuum
2.500
>
36
397a
9%
9 7s
-
100
2174
21
.
26%
100
-99%
49%
49%
49
25%
,
(
9
8%
25%
8 74
257a
•
*35 7a
25
*15 7a
*103%
-
227a
19%
;
>-
4%
12%
10472
22%
•
::'
397a
;
15%
*103%
*15% >15%
t
*19 7a
£
36
'
12%
12%
137a
36
•
Lowest
Highest
50
Pitts RR Co
Erie &
Eureka
4,200
>
10
10
'
39%
» 257,
39
25%
12% ::13%>
104
1027a
39%
39
24%
■
>2274
,
10%
137a
47a
85
*8372
Lowest
Par
> »:
Year m?
Range since January 1
STOCK
EXCHANGE
•
Shares
$ per share
85
10 74
•
>•>>>
24%
!
> *83%
:
the Week
>
-
NEW YORK
"Sales for
Friday
July 27
-
>'>> 38%
>1
:
>36%>'
>>':>4
July 26
t per share
10%
Range for Previous
STOCKS
Thursday
Wednesday
>
>85
1074
36
12%
35%
.X
V
■
■
12%
35%
*83 7a
10%>
9%
12%
'
85
*83%
*83 74
./•>
'
-
" - new york stoc
PRICES
SALE
t per share
S per share
per share
HIGH
July 25
> July 24
July 22
AND
Tuesday
Monday
Saturday
441
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4303
160
"T
5%
5%
4%
>
7 16%
*16
417a
5%
4%
-
16%
41%
427a
417a
42%
167a
167a
167a
16%
x6%
63A
'200
'7,800
17
700
*15%
>17%
*16
*16 7a
17
*53
54%
*53
54
*53 7s
54%
1374
*13 7a
13%
>>
8%
>
i'
•
547a
*53 7a
13%
13%
*106
10
■
6
,f.
27%
8%
9
38%
W
I
:*£•». 60%
1307a
X
f
k
,98
98
*27%
28
,*150
1
:
437»
42%
113%
37s
374
*128
i
22%
227a
227a
18%
23%
79%
*76 7a
18%
80
24 7a
24
24
28%
*28 7a
*112 7a
113
*112%
23%
101%
101%
*10174
10274
101%
127s
127s
1274
127s
5,400
Gen
8574
85%
86
*8474
86
*8474
16
15%
16
15%
16
167a
977a
97%
96
96
*94 7a
22%
23
22%
23 7a
*5072
52
*51%
51%
*5174
51%
1%
1%
1%
1%
5
79
■
18 7b
400
79
23
807a-
2374
3,200
500
1,200
Gen Steel
24%
1,100
General
2974
■;,V. ^
24
24
24
*102 7a
104
1,600
90
104
General
Telephone Corp
Corp
12
>85%
>>>15%
*'
>
1%
>>>> 1%
t
>» 49%
> 103
£.-•
■
f?
■
49%
110
14V4
14
112%
108
7 •-
*108
i:
r
>» 274
•>.. 17%
t
\
h
*
247a
>,
•>'1678
167i
>•
37%
*153 7a
r
f-
-
104%
51
507a
517a
6,500
104
103%
103%
200
47
467a
*110 7a
14%
46
111%
14%
14%
*108
108
*108
112%
111
*108
2%
27a
2%
4 7a
47a
*17
177a
1374
13 74
*35
37
*23 7a
24%
*11174
111%
400
14%
14%
14%
4,400
2%
3
47a
47a
4%
1,600
17%
200
13%
4,100
13%
13 7a
13%
137a
35%
*35%
367a
247a
*23%
247a
*23 7a
2472
16 74
16%
16%
16%
1674
37%
377/8
38
38%
38 Va
4%
Jan
7% July 10
2%
Jan
18% July 10
7%
Jan
101% July 11
71%
Jan
29% July 12
20 %
Jan
26%
27'A
26%
27
2774
277a
*154 7a
»•
59
*56
*48
22%
*56
49
21%
*154 7a
59
497a
574
22%
15 74
5
157
>
57s
11%
>15%
15%
5
*154
155
22 7»
227/a
11%
11%
15 7a
153
>
>
*56
497a
*48 7a
:
4,500
*56
59
40% Jun 10
par
par
112
Apr 17
2% Feb 10
-115
Jan 11
par
par
102
Jan
100
128
Mar 18;
100
1
18%
6%
1%
19 %
112
19% Apr 25
14% Jan 4
76
Jun 9
22% Jan 20
20
No par
100
Apr 26
Jan 3
Apr 25
Apr 5
19
Jan
6
110 Jan 14
19% Feb 8
99
Feb 17
110
156
57s
155
*11%
\
5
1557a
5>/a
1567a
>
Preferred
Prop—No par
pfd-No par
No par
.——100
-
Green
2274
2274
8,100
No par
10
1
No par
117a
117a
15%
15%
5,400
57a
5,200
Guantanamo Sugar
15574
155 74
1567a
600
140
157
'
8%
13
13 74
9,800
r>53
53 7a
>1,600
*5
5,100
Gulf
12%
13%
12%
1374
13%
13
13%
5274
52
52
52 %
53
537s
53 74
537a
53 7a
48%
47%
47%
47%
47%
46%
47%
46%
4774
46%
47
100 *
preferred
Gulf Mobile
1374
47%
100
1
Bay & West RR
(H L) Co Inc
1,100
5
104% Jan
& Ohio RR
No par
No
Deferred
Oil
4
3
7
3
8
3
8% Jan 3
100 A Jan 25
17* Jan 3
32% Jan 3
23 A Jun 28
49%
5>/a
Jan
36% Feb
14% Jan
v"r
25
Corp
3
25% Jan
.3
24% Jan
6%
11%
13
>13%
Ore
15%
5 >•■
>
98
Western Sugar
1574
157a
2% Jan
85 % Jan
40
Feb
3 A Jan 20
15% May 18
9% Feb 8
Co
Iron
7
10
20
Steel
*11%
11%
15%
22%
1
preferred
Nor
Jan
18% Jan 4
45
Apr 26
1
Jan 3
No par
No par
Grand Union Co_
Greyhound Corp (The)
5%% preferred
Grumman Aircraft Corp
21%
22%
x83
100
No par
No par
No par
$5 convertible preferred—No par
Gotham Hosiery
No par
Preferred
—100
Graham-Paige Motors
1
Granby Consol M S & P
5
Green
59
7% Jan 3
69
Jan 6
11% Jan 19
3
143% Feb 15
57 May 23
43% Feb 17
19% Feb 17
11
Apr 29
11
Apr 18
3% Apr 3
123
Jan 26
6% Jan 3
33
Jan 3
43% Apr 25
1%
19
,93
aur
July
327a May
Nov
1197a
Sep
3
Dec
1207a
117
July 13
11
83%
Jan
1077a
128 %
Nov
137
July
July 12
447a
Jan
56
July
131% Apr
Feb
125% Nov
11
July 18
17%
Jan
13% July 26
2%
Jan
17
13%
Jan
52
3
3
Apr 11
l%Jan 3
51 % Jan 12
1
Great Northern Ry
98 7t May
148
July 27
130
1
5
3% Jun
4
51% Feb
36% Jan
4% Jan
preferred
L
Goodyear Tire & Rubb
Great
Jun
8 7» May
18% May
132
125% Jan 28
'
No par
Rubber Co
4
113% Jan
117
66
$5
Great
97i
43% July 12
Jan
3
par
497a
50
52%
»
25,100
27%
*154 7a
155
1547a
■
59
1,700
39%
,,
27
"
*11%
■>■
48 7a
16%
39
>
.
Jun
Aug
447a July
Brewing Co
Telegraph Co
Goodrich Co (B F)
(WT)
Jun
974
151
39% July
Gold & Stock
Grant
Jan
Mar
Jan
tGoebel
Granite City
5%
134
34
(Adolf)
Gobel
Dec
51
Jan
Gillette Safety Razor——No par
$5 conv preferred
No par
Glmbel Brothers
No par
$6 preferred
No par
Glidden Co (The)—
No par
4%% conv preferred
50
5%
24%
16%
3974
26%
500
36
36
*23 7a
.
16 74
1674
377a
*47 7a
>
*13%
13%
35 7a
*53
117a
*17
17%
*17
26%
■>•
73,200
2%
36%
■
10'
110
*108
110
/ 27a
47a
18
*17
18
•7,900
47
111%
1474
1127a
1047a
105
16 >
15% >
>15%
»> 5-.'•••' ■S
f-
111%
147a
2274
117a
•
*110
14%
*154 7a
59
21%
(•
46
110
2,400
1,500
13A,
50 %
1047a
47
46 74
3%
*103%
50%
104
46%
300
51%
220
106
507a
*103%
46
497a
49
*104
4%
*23%
26%
*53
%'
*3%
37
*154 7a
f-
>
50%
104
4,500
23%
Jan
Aug
Jan
preferred
4%%
37
Apr
107
30%
'
1%
3%
4%
13 7a
Whs!'- 26%'
105
200
51%
1%
3%
2%
*35 7a
V> 36%
■
1'
51%
1%
3%
4 7a
13 74
>\, *23%
517a
1%
*3%
•
98
2374
27a
17%
17%
*35%
>
k
36%
13
;
t ;
24
274
47a
..
50
•1037a
237a
1%
3%,
6,300
*94 7a
98
51%
*51 7a
300
i 16
16
247a
24
23%
*94 7a
98
86
*8474
1674
9,000
127a
12 >
...
86
16
1674
4%
2%
V>>> 4%
105
103 %
457a
47 7a
14; r
3%
106
V
*103
110%
>*110
i;
1
49
50%
103
45%
;
•
.*104
106
*104 S
it
3%
3%
3%
*3%
23
1274
*8474
86
*94 7a
977a
12
Jan
3
23% Jun
978 July
6
4%
Jan
2% July
3
3*2
Jan
28% July 10
12%
Jan
118% Jun
•
2% July
8
*104
Mar
%
5
Jan
Dec
Sep
13174 May
39
Nov
6 7s
July
2472 May
874 Jun
27s May
2572 May
115
Aug
1%
Jun
317a Jan
59
25% July 10
15%
Jan
23% Mar
19% July 12
88% Jan 22
9%
Jan
1578
83
Apr
26% Jun
31
12
15
July 15
22
113% Apr
25% Jun
19
Sep
60
«
Jan
91
16%
Jan
2478
15%
Jan
108
Jan
14%
Jan
4%
Jan
Dec
July
Jun
23% May
113
Dec
25%
Jun
103% July 11
'
■'»>•■ •"> v"'■
117a
130%
100
&
Jan
102
6
28
Apr
5372
39% July 11
Cast $6 preferred—No par
Tire
Jun
Jun
Jun
6%
5
9% July
155
6%
14%
51
150% July 24
preferred
6%
113
49% July
11% July
Jan
3
4% Jan
3
V%Jan 4
81% Jan 4
25% Apr 19
No par
Gen Time Instru
*28%
14'A July 20
107 % Jan 14
Jan
9% Jan
1
19
Feb 24
General Shoe Corp—
17%
3
7% July 10
Jun 21 i
Apr 28
Jan 24
Feb 8
Oct
307a July
28
Feb 16
No par
dlv series
$6 pref opt
79%
24%
.25
105
41%
7%
143
6%
14%
35
10o
General Refractories
17%
.
,
51
478 May
>
140
Realty & Utilities
7.9 7a
•;
*112 7a
*10274
No par
5
5
No par
preferred
6%
1%
1%
,
29
1274
127a
3
11
10
No par
Railway Signal
237a
24
10274
11%
102 %
Gen
113
24
23%
*101%
it;
2,300
25
25
79
24%
Jan
10 y8 Feb
Public Service
*28 7a
113
23%
23
23 7t
Gen
*112 7a
28%
*112 7a
237a
23%
•
3,000
10
,
24%
*27%
29 74
1,800
13A
80
18%
24%
247a
8%
1%
*119
23
817a
80
113
22%
8%
1%
79
247a
*18%
18%
78%
22 74
26
1%
79
23 74
24
18%
*27%
29%
113
v
2,500
.
1%
*119
1%
1%
787a
78
24%
>112
*77
23 74
*18 7a
79 7a
*28 7a
•
78
78
1%
1%
1%
9,000
18% May 20
54 % May
No par
Common
No par
Gen Precision Equip Corp—No par
General Printing Ink
1
9
•
25
*118
*118
'*
•'
1%
127a
12%
3
1
18% Jun
16 V2 July 19
Outdoor Adv A
Gen
Jan
4% Jan
A
preferred
$5
300
100
.■>:>
19%
13 % Feb
Foods Corp—
General Motors Corp
43,300
51%
22%
1%
267a
26
26
61%
130
127a
9
1%
*1%
1%
257a
9
9
9
1%
210
47% July 18
5
50
No
No
—No
$6 conv preferred series A-No
General Mills—.
No
5% preferred—
> a-
51%
53
21%
23%
>>>24%
;/
V
22 V4
^
130%
60%
*129 7a
130
*51%
22%
*18
•
*129
52
130%
62 7a
61%
62%
129 7a
113
Jan
10
preferred
$4.50
Gen Gas & Electric
20
132
-
Electric Co
General
20,100
Jan
No par
Cigar Inc
preferred..
7%
Jan
9%
17
100
No par
100
preferred
cum
General
10
374
*108
;
130%
12 7a
!787a
>>
i
62 7a
*51%
53
42%
*130
113
13%
25
Class A
7%
23,600
5,000
>
113%
3%
132
*130
t
37%
42%
*113
>374
132'
12%
23%
23 >
130 7a
128%
62
123%
437a
1147a
*109'
132" '
12%
1%:
i
2%
.1%
5
25% Feb
5
No par
No par
General Cable Corp
> General
140
377a
38
3 7a
11%
*118
'v
787»
I.
6i y8
129%
*51%
2474
1^4
> 78%
l
130
130%
*130 74
97a
24%
1%
*113
*109
1%
500
preferred
$8
General Bronze Corp
••
850
*149
—„
x42%
43%
113%
113
61%
2,800
99
98
-
37%
387s
11%
*
*118
V
*149
•").
22
-
1%
*23 7a
1
>'":
114%
132
9
1%
v
■"
37%
■
374
53
5,200
*27% ; 28
•
General Baking-.
>
2,400
f
16%
*15%
98
28
38
42%
130
1674
*15%
1674
15%
11%
>
22%
8%
£•..
6%
*107
*51%
117a
>>
1174
A :.' 22%
10%
6 74
97%
150
*113
1307a
*129
52%
*51%
,,
i,
I;
10%
6%
*128
60%
62%
'•"128%
i
10%
6%
1137a
130
130%
*130%
10%
130
*128
•*107
113 7a
40
preferred
Amer Transportation
5
July 10
July 5
4
No par
■
3
135
*128
5,900
67a
*27 7a
■
I >*110
9
10%
987a
•37%
1147a
3 74
•
16
150
42%
4274
*113
114%
*151
•
Gen
July
5 %
3
2% Jan
A0 par
No par
1
preferred
conv
Gen Amer Investors
1,300
8%
154
2874
98
38%
37%
•>
>o9»
Co
Industries Inc
Wood
$6
47
154
46%
10%
6%
*27%
15074
*151
153
47%
(The)—
Co
7
2% Jan
12% Jan
No par
1
20
Gaylord Container Corp
900
67*
10%
15 7a
157a
150
42 7a
•'41%
*113
>>
:
149%
149%
•
,
28
277»
>> 38
99%
;
: '
99%
*.99 7*
1074
,
67a
6
1574
.97%
27%
157a
15
.
•
>>
'•
6 7a
107a
10
10
,
>»• 5%
153
*150 7a
153
Gar
.
107
*106
107
*47
8%
153
153
Gamewell
5%%
13%
48
preferred
Gardner-Denver
54%
13%
477a
>>9» >
*150 7a
1674
13%
107
•106
>>
*53 7a
*
■
7
17
.
547a
13%
48
8%
6%
*1674
7
17
*5374"
107
46%
8%
6%
*16%
6%
6%
*106
47
*46 7a
8%
87a
:
107
*106
>47%
47%
i
6%
(Robert)
Inc
Co
6%
1,600
*15 7a
17
107
Galr
200
(The) cl A
Gabriel Co
8,300
447a
17
*106
3,200
4%
*16
16%
17
1374
674
.4%
16%
674
4% >
16%
43
17
13%
6%
4%
*16
16%
42
17%
137a
4%
44%
•1674
427a
*17%
,
67a
6%
'
16
4174
17
*15%
A 6%. > .6%'
-
}■
674
4%
4%
6
•4%'
16
427a
■
-
\
5%
47a
5%
>■> 4%
13% July 10
Jun 17
90
17% Jun
x99% July
60% Jan
Jan
1474
7
59
Jan
857a
July 11
51% July 27
Jun
Sep
Oct
14% Jan
22% July
41
48
Jan
A Jan
2% Mar 27
478 May
May
5
25
108
9% May
74
19
Jun
1% May
4
1%
Jan
3% May
28
73%
Sep
9774 Aug
45%
54% Jun
19
24%
Jan
104
Feb
17
83
Jan
50
Jun
19
25%
Jan
41% July
112% Jun
26
90%
Jan
1087a July
4% Jan
9% Apr
101% <Dec
15% July 15
80
Jan
102
Sep
Oct
109% Jun
29
Jun
22
H
5
3%
Dec
8
Jan
17
5
7%
Jan
13% May
37% July 11
25% Mar 15
29%
Feb
37
24
Dec
26
July 12
39% July 23
13%
Dec
18
3
5% July
18% Jun
16
July
19
17
29
Mar
8
21%
Jan
Jan
2374 Nov
2% May
6%
Apr
July
f
Sep
July
.
Apr
32% May
27%
Jan
Jan
154
Dec
57%
Sep
65
Jan
5
31%
Jan
50
8ep
24% July 15
12% Jan 24
147s
Jan
2174
Dec
11
Jan
137a July
107s
Nov
155
67
July 27
Feb
3
50% Jan
16% July 19
138
1774 May
27i
Jan
5
Jun
817a
Jan
160%
Jun
16% May 17
3%
Jan
107a May
23
25%
Jan
417a May
497/s May 19
44 V*
Dec
507a July
July 17
May
5
22%
Feb
287a
Sep
35
Jun
38
Apr
127*
Jan
187a July
9%
Jan
5"% July 15
167
59
July 13
Jun
H
*31%
32%
*31 '/a
'>
18
-
32%
*31%
32
18
*14%
*31%
112
*104%
104%
17%
149
*31%
327a
327a
-y
32
32
32
317a
31%
32
18
1874
18%
*18%
19
19
19
14%
14%
14%
14%
15
14%
14%
in
-""*104%
18
*148
317a
111
110
110%
*110
104%
104%
105
*104 74
18%
18 74
146
149
18%
149
18%
*146
112
110
105
105
19%
149
7%
8%
7%
7%
7%
7%
*7%
8%
*107%
109%
107%
107%
'1077a
108%
•107 7a
1087a
For
*31%
14%
18%
*140
32
18
v
15%
*111
32
footnotes
see
page
1874
*146
*7%
108
*31%
31
*18 7a
14%
110
*109
105
87s
108
187»
*146
7%
108
Water
100
31
130
19
1.100
Hall
14%
1,400
Hamilton Watch Co.
110
*104%
187a
149
Hackensack
32%
50
70
18 74
3,700
149
8
700
108
40
7%
preferred class A
25
10
No par
*-100
preferred
Hanna (M A) Co $4.25 pfd__No par
Harbison-Walk Refrac
No par
6% preferred-;
100
Hat Corp of Amer class A
_1
6%% preferred
100
Printing
Co
4
33
28% Jun 26
38
27
23
y
Apr
15% Mar 13
11% Apr
26
19% Juiy 14
16% July 3
11
111
July 24
Jun
14
105
15% Apr
24
21
6
150
104% Mar
July 25
106
102
138
Apr
Jan
5% Jan
14
104% Jan
5
July 10
8
Jun
8% Jun
110
27
Julv 12
447.
..'if
13%
135
Jan
Feb
474 Jan
86
Jan
153A
Jun
1107a July
18% July
144% May
77a May
109% Oct
RECORD
NEW YORK STOCK
LOW
t per share
I per share
share
8%
8%
8%
8%
83a
6%
774
6%
7%
105%
105%
105
20%
74%
*74
i
■■
—
87%
86 %
131%
72
x71
*120
*23%
86
*22%
85
100
Helme
71
*70
74
123
*120
22%
*83%
24%
*22%
$4
23%
22%
23
800
Hires Co
22%
23
23
43%
43%.
43%
43%
44%
44%
45
44%
44%
16%
16 %
16%
16%
16%
16%
*16%
16%
16%
16%
800
15%
16
15%
15%
16*b
16%
*16
16%
*16%
16%
2.800
.
The
(C E)
Holland Furnace
1.200
128
Jan
63
18
-
6
9% Jun 29
| per share
Dec
10% May
1% Jan
7% July 20
May 24
108
93%
22% July 10
75% Feb 25
165
Highest
I per there
3% May
110% July
Jan
T
56%~Ja~n
152
July 13
71
""Apr
172
Jan
Aug
22% July 10
12%
Jan
29 74
Dec
89
19
73
Jan
87
Jun
Mar 10
128
Dec
Jun
134
13674 Aug
Jan
3
68
Apr
19% Feb
27
122
2
2474 July 27
14%
Jan
21% May
20% Jan
21
23% July 11
16%
Jan
25% July
45% July 14
28%
Jan
40% July
par
Hlnde & Dauch Paper Co
24%
6
11
t per- share
1
24%
200
22%
Mar
'
10
No
r 400
25
*23%
28
21% July 18
75
Apr 24
No par
;
preferred—
conv
123
,
63% Jan
160
No par
100
Jan
Mar 13
20% July 24
No par
*23%
*120
43
44
Motors
preferred
Hershey Chocolate
100
73%
*70
•
100
preferred-
6%
30
133
2 %
25
W)
6% Apr 28
99
——15
Hercules Powder
655
■
25
Co
:
non-cum
Hercules
2.400
84%
Glass
(G
7%
*131
123
24
,
22%
85
*23%
"691
7*3%
Hayes Mlg Corp
*164
132
"120%
73%
pecht Co/
22%
132
131%
131%
21%
800
23%
*22%
23%
*42%
86
Hazel-Atlas
*72
73%
166
120%
120
;
24
24
24
23%
86%
*69%
122
23%
131%
*130
71
122
*70
*120%
22%
400
*20%
21
21
1
,?
Hayes Industries Inc
1.600
41.300
105
105
105
*72
*164
23
86%
86 %
♦129%
74
104%
*164
22%
22%
131%
87
*129%
21
21
"12
74
*72
-
*164
22%
22%
21%
74
*164
—
6%
105
Year 1943
Lowest
Highest
$ per share
Par
8%
8%
67a 'V: 7
8%
7 •■¥
8%
7%
7
105
20%
20%
21
74
21 %
*21
"164
8%
8%
7%
105
Lowest
EXCHANGE
Shares
$ 1v*r share
$ per share
Range for Previous
Range since January 1
STOCK
YORK
NEW
the Week
July 28
July 27
;# per share
.
8%
7
105%
105%
STOCKS
July 26
Sales for
Friday
Thursday
Wednesday
July 25
July 24
July TZ
t per
Tuesday
Monday
Saturday
PRICES
AND HIGH SALE
Monday, July 31, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
442
(Del)
114
10
36% Mar
4
5
49
Jan
71
July
July 20
100
Jan
118
Aug
July
'
16%
*16
16%
15%
*115
♦115
♦115
*115
44%
45
44
*42%
44%
44%
44%
44%
43%
44
43%
43 %
15%
*68%
69
68%
68%
68%
110%
111
110%
110%
*110%
*67%
69
*67%
68%
113
67%
66 %
11%
11
11%
11%
35%
35%
35%
35%
35%
*
3
*9
2%
2%
*2
2%
10%
10
26
26 %
25%
26 V4
26%
26 %
13%
13%
14
2%
10%
.
10%
*26
10%
25 7
8
26%
14%
14 %
16 Va
15%
16%
15%
16%
64.300
Hudson Motor Car—4
3
3%
3%
3%
3%
3%
3%
3%
14.800
Hupp Motor Car Corp
% x28
28%
*28
28%
28%
2874
*2374
28%
2874
,
.v,
17
17%
17%
17%
1774
18
17%
1774
17%
28%
17%
19,700
38%
39%
39%
40
39 74
41
3874
3974
*3974
40 V8
•3,000
61
61
61
61
*61
61
16 %
.
61
61
61
1574.
6174
*15%
15%
15%
15%
18
18
17%
I73/4
18
40
40
3974
104
104
10334
99
99
99%
99%
*161
*161
lb3/,
11
17474
■4
75%
747'4
75%
75
17474
2%
16%
*78
274
1674
1674
77
78
5%
534
5%
29%
2974
29%
131 %
131%
17%
18%
83
83%
9%
:
83
10%
80
79%
*4474
*
*115%
145
17%
17%
17
.
17%
18
37
37
*140%
J_
*140%
16%
274
574
5%
5%
5 3/4
2974
297a
2974
133
133
133
1874
1774
8274
83
10%
10%
82
81 %
*4474
3974
39.74,;,
t
75:
75
75
75
•MP-
v
75
*.
145
18%
187a
1874
1774
37
37%
'
*11574
19
.
19%
1878
1874
1874
1874
1874
*17%
39
17
18
42
*140%
—
10%
145
♦115
18%
*140%
:
17%
>> —
17%
*17%
42%
(
4474
3974
■
;»■
7674
5%
1875
1874
183b
1874
1,360
128
■.*.
19%
1974
—
4,500
:
1874
1874
1774
1734
45
4374
4474
94
*109 74
94
*99
"...
34
i
94
34%
112
34
33%
112
*10974
94%
24%
*99'
67
67%
78 %
81%
:H 12%
12%
24%
24
68
: vt—
.24%
69
*34
34%
*109%
V
94%
112
17% •1774.
95
171/4
17%
,
95
3334
34
112
.
95%
*99
*99
'
25
.34
*109%
24%
25%
24%
24%
24%
13,000
*99
2474
69 %
6974
*68%
70
*69
69%
6934
69%
8174
81%
82%
821%
*81
83
8274
8274
: 12%
13
123/4
13
*12%
13%
12%
12%
19
-
*18%
19%
19 74
19%
19
19
T3
800
1,500
Jun
2874 July
6
22 %
Jan
29% Mar
4
67% Jun
14
Jun
Jan
13
42% July 12
104% July 26
32%
Nov
443/4
8
3
104% July 12
86%
Nov
100%
6
164
158%
Apr
168
6% Jan
154% Feb
27
29
67% Apr25
28
4
15% Jan
3
Jan
13
4% Jan
3
25% Apr
19
18
Jun
5
62
July 20
12% July 5
86 %
May
May
19% July
Jan
3
1% Jan
48
11%
6% Jan
65
31% May
Jan
July 20
3
71% Feb
9% May 11
165% Jan
16% May
Jan
16% July 11
44
Jan
4
5
88% Jan
•
8
18%
37
26
4
Mar
7
Jun
25
158.
29% July
"19% July 10
Jun
Apr
July
Jan
783/4 July
15%
9%
Nov
7
6%
Jan
874 July
40% July 17
114% Mar 13
21%
Jan
38% July
8% Mar
Apr
106
Jan
115
Mar
3
6
Nov
9
Mar
10% July 10
6
Jan
934
8% July
Jun
16
144%
Jan
79% Jun
20
56%
Jan
175% July
11"
175
3% July
18% Jun
162
6% Jun
32% July
Jan
177
Apr
Sep
Jun
July
74
Jan
11%
Jan
19
Mar
Jan
67
July
3%
28
Jan
5
25
July 11
135
743%
55%
5
30
July 20-'
78
177
129
4% May
6% May
Nov
36%
Dec
138
Apr
July
12 y8 Jun
21
Jan
4
92
Jun
20
39% Jan
35% Jan
13
45% July 11
39% July 28
39
July
28
Jan
383/4
56% Jan
3
78
36
Jan
60
Dec
127
102%
Jan
115
July
6%
Jan
par
130
•66
68%
13
19% Jun
85
8%
Jun
143/4
45%
July 18.
July
Jan
Jan
693/4
Dec
3% Jan
1134
Jun
28
,
37%
6
22'
Jan
Dec
71% July
44
Apr
,July
Feb
3
12
19% Jun
27
Foreign share ctfs
Dept Stores
No par
No par
11% Jan
12
20
Jun
27
15
rt Apr
19
20 74 July 10
9%
Jan
183/4
Sep
No par
15
Jan
4
19 % July 17
10%
Jan
18
Jun
_1
29
Jan
6
45
27%
Jan
323/4
Apr
138% Jan
17
141
Jan
145%
Jun
100
-1
Co
No par
100
preferred
No par
117
<
July 27/
Mar 15
135
18% Jun 10
9%
1674 May
16% May
Jan
Jan
13% Jan
3
27 C Apr
22
37
110
Feb
10
99 % Mar
15
100
Jun
19
70
Jan
8
95
May 25
78
Aug
3
2774 July 10
19 %
Jan
54
64%
-8%
84% Feb
90
58
Chicago
6%
107% Jan 21
RR stamped—100
Steel
No par
&
Jones & Laughlin
1,100
r
10%
11% Jan
Joliet
123/8
.
12%
25
Jan
5% pref series A
100
5 % pref series B conv
100
Joy Mfg Co—-———Jl
'
Jan
—50
Johns Manville Corp—
2,300
Jun
474
No par
4%%
95%
*95%-
2%
5
2% Jun 28
No par
Jewel Tea Co Inc
900
r
% Jan
10% Jun
3
preferred
Jarvls (W B)
112
Apr
Nov
11
Silver
Intertype Corp
1,200
34
*109 74
41%
Jan
Feb
$6 preferred——————__l
80%
'
80
;v-:
99%
.94%.
*99
—
23%
3474
112 '
37% July 10
9% July
7% Feb
"
33 %
*109%
July
30%
8
68 74
3
Island Creek Coal
*141
*141
57% July
114
7
No
Salt
Interstate
8.000
Mar
59% Aug
3% Jan
& Teleg
,1%
i
Jan
105
Jan
15
—100
No par
100
preferred—
Intern'l Telep
300
44
July 18
13% Feb
100
—
Co
preferred
International
2,500
:
-No par
International Shoe
-4'
1874
.
Paper
International
91,800
18
conv
5%
300
*11574
128
100
1
Inter Rys of Cent Am
1,700
:
5
Chem
—
Preferred
International
400
3974
74
45%
3974
84
4474
8074
45%
&
Int Nickel of Canada—
1,400
80
—25
Sys class A
Min
preferred—
International Mining Corp
3,200
1074
80%
■
4%
180
8374
par
International
12,800
1874
No
Harvester
Int Hydro-Elec
14,700
'
133
1774
par
Preferred: ———100
3,800
.
No
Machines
Business
International
500
■:>
No par
Int
1,700
.
2978
Interlake Iron
,1,100
1674
77
83
19
17%
*16%
16%
-
*10
1874
—
1674
*75
10 %
19
-
*274
1
8374
*17
37
•
274
16%
77
-
18%
37
■
16%
*75
393/4
18%
18%
*18
330
10%
18%
17%
*18
i
175
174%
175
83
803/4
r* 115
13%
17%
4,200
,*4474
145
1874
76
10
*71
1774
76
3974
75
18
700
45 Va
*72
.
175
39%
■
*115
76%
;
•
*173
83
:
80
39%
1874
10,000
175
*4474
1
4574
3974
■39%
18
10
45
45
133
133
J8%
83
10%
80
80
132%
18
83
v
/ V
5%
30
'974
9
2%
274
5%
6% preferred-i.
100
Intercom'! Rubber———No par
9
175
1674
2974
450
4,700
9
Feb
7% Jan 28
7%
July
23% May
29% Apr 27
109% Jan 27
11174
77a
July
17
11% July
1
:
45
Jan
Jan
No par
Ctfs Inc
;
Jan
9%
Jan
35% Apr
20
Inspiration Cons Copper
Corp.
■
36%
it
100
par
Interchemical
alll74
7674
100
17
30
4%
15% Apr
par
No
Co
Sep
Jun
Jun
4% Jun 22
8
Insuransharr^s
774
■
Steel
42%
16% July 27
Jan
800
1113/4
■
No
Jan
4
46
200
3974
76
76
574
132%
18%
•
1774
974
♦39
*72
*131% 134
2%
16%
Inland
3,600
8%
*39%
174 74
175
29%
2974:
..
76 V4
76
11
*8
39%
7%
174
1674
5%
574
28%
11
8%
Rayon
31
17% July
"4
10% Jan
3
25% Jan * 3
No par
No par
No pa*
preferred A
$4.50
Ingersoll-Rand
6% preferred
1,400
8474
alll3/4
974
77
16%
*76
*8
774
175
274
274
2%
16%
80
2%
84 %
39%
112
75%
175
175
175
175
800
11V8
174
76
7574
Industrial
400
99
*161
-
1174
8%
3974
9% /
173%
173%
1,600
104%
99
'
11 Va
7%
9%
9
3974
'
11%
111%
39%
Indianapolis Power & Lt
Aug
47% July 13
12%
1% Jan
24
1000
series A
380
2,100
8574
*39%
ctfs
4
100
*10374
" V
100
RR See
11
100
4%
1574
/
8474
*8
8%
lines
1774
39%
39
8574
3974
20
1574
V'/
104 74
8574
112
112
774
7%
;
175
♦17274
173
173
*161
*161
11%
8%
8%
9
8%
*9874
10%
7%
7%
7:i/4
99 74
*8
393/4
113%
*112
113%
734
98%
8574
8%
3774
39%
39%
*112
9974
*84%
1074
*
*10374
*161
•
1774
39
3974
104%
99
•
1074
*8
874
874
17%
39%
10474
40
*103%
85%
85
85
.
18
Leased
150
Apr
117
Jan
8% Feb
.
*—1UU
Co
preferred series A
1774
1574
*15
15%
18
104%
3974
10374
*15
..
•
61
61
6%
RR
Central
Illinois
21
12
22% Mar
1
Idaho Power Co—
1.000
17%
85
No par
14
40
28
17%
No par
17
Jun
13% July
1% Jan
Jan
Sep
115
70% July 11
6
100
17% July 10
Apr
3
117
113
7% Feb
Manhattan——100
&
non-cum
3%
16 3/4
39%
Feb
preferred
Hud Bay Min & Sm Ltd
3.600
39
*2774
Jan
30% Feb
7
69% July lo
Jan
5
5
18
May
13% Jan
63
-17/.;, July
•45
42
54
5"lo
1.900
>
.
4
'
108
Hudson
500
10%
26%
10
Jan
39
100
preferred-—.
Howe Sound Co
1.400
2%
♦2
2%
21.200
36 %
23
No par
5%
600
12
11%
*35%
13
Feb
Houston Light & Power Co.—No par
Houston Oil of Texas v t c
25
60
,
10
13% Jan
116
No par
Household Finance
600
;
:
68%
No par
100
12.50
j.No par
B
3
3%
.0
12%
36
10
26%
13%
11%
35%
2
2
9%
26
11%
Class
4.300
16%
113
*67
68%
35%
9%
2%
*67%
35%
12
35%
9%
68%
68
*110%
113
300
.
69
69
69
69
*110%
16%
16%
16%
68%
113
11%
10%
«2
17
16%
15%
68%
15%
68%
*111%
5.900
44%
43%
17
16%
16%
44%
44
•42%
44
13% Jan
5
(A)
Holly Sugar Corp
1% preferred—
Homestake Mining
Houdaille-Hershey cl A
*115
*115
*42%
44%
44%
45%
44%
*42%
Hollander & Sons
May
20% Jan
July
26
5
5
70% July 10
66% Jan
4
87
10% Jan
14
Jan
July 10
5
13% July
16% July
Feb
34
July
109% Aug
92%
Sep
79
Aug
26%
Apr
Nov
65
Apr
Dec
82
Apr
Jan
12 3%
Jun
,
'
K
18%
19
19
*121
*121
9%
32
_9%
*121
"9%
9%
*31
32%
33
'
'
*16
16%
*16
21%
*20%
*23
23%
22%
22%
18
17%
18%
18
114y8
*113
17%
*112%
114%
31%
32%
22%
40
*38 y4
21%.
31%
*22%
2M4
*38%
*112%
5%
5%
5%:
*22%
18
*113
32%
•
3174
20
23
22%
22%
18
lb
114
323/4
*114
3174
6
6
6%
65"%
v
67
67%
25
25 %
36%
36%
35%
36 %
35%
6%
68
25%
9%
2574
9%
9%
34
33 %
35 7 a
36%
534
6874
*974
10
*974
33%
34
*34
3474
36 %
36
36
36
36%
25 3/8
33 74
29%
297/a
29%
*22%
237a
*22%
23 »/2
*22
42%
43
42%
10
10%
10%
84%
84%
*83 Va
42%
42%
9%
97 a
9%
28%
*28%
121
122
*121%
297a
10%
85
2974
3
1
*9%
*83%
29%
',1,900
500
1
1,300
-1,500
10
470
84%
240
297a
•
1,600
231/4
*22
23
29%
10
28%
29
*121 /,
124
122
97a
43%
*42
43%
400
10
10%
% 6,100
28%
*121
10
28%
122
28%
121
-No
-No
Keystone Steel & Wire Co—No
Kimberly-Clark Corp
No
■Kinney (G R) Co
$5 prior preferred—
No
Kresge (S S) Co
Kresge Dept Stores
Kress (S H) & Co
No
Kroger Grocery & Bak
No
par
Kennecott Copper
par
Laclede Gas Lt
5%
28%
•2,000
60
21
21
21
40
40%
40 74
40%
40
40%
50%
50%
50%
50%
50%
51
8%
8'%
#44
46
44
*80
82
*80
*81
82%
17774
177%
81
44
*44
45
81%
*80
82
82
82
81
*175%
177%
32
3174
31%
38
38
38%
38%
40
40%
39%
397s
*3174
For
footnotes
see
page
176%
*43
3,300
Lehigh Valley RR—
Corp (The)
Lehn & Fink Prod Corp
Lerner
Stores
Corp.;
;
Libby McNeill & Libby
45
*43
45
*437a
45%
100
Life Savers Corp
80%
80%
*801/2
80%
*801/2
80%
300
Liggett & Myers Tobacco—
82 %
821/4
83%
83%
82
900
v
10 3,4
4
Jan
32%
Sep
4
36% July 22
24%
Feb
32%
Nov
3
73
Oct
July 12
29%
Jun
24% July 12
11%
Jan
193/4
Jun
24
3
44% Jun
26%
10% July
5
26
31
5
Apr
17
30
19
21
Apr
Jan
42
Series B
39
7
447.
11% Jan
20 3/4
July 11
24
Jan
32
14%
Jan
2274
Jun
2374
Jan
38 3%
Dec
31
Jan
43%
5
Jan
874
27
30
Jan
x43.
.
July
21
3
Dec
Nov
174% Jan
8
13
No par
39
39%
38%
39%
38%
39
2,300
Lima Locomotive Wks
No par
36
Apr
25
39%
39%
39%
39%
39%
*39%
40
1,100
Link
No par
37
Jan
6
Belt Co
July 19
36
62%
38%
Lily Tulip Cup Corp
28 74
62
39%
300
July
8 74 May
274
26
38%
31%
120
Jan
Jan
27
26% Feb
311/2
Jan
30
86% Jun
*29
*29
Dec
July
83 % Jun
31
Oct
9
29
3
31
3974
Dec
13
31%
*31
Preferred
125% July
Jan
Jan
67% Jan
178
310
8%
20
6874 Jan
178
178
26
25
100
178
1771/2
July
25
176%
178 i/a
1674 May
Jan
Jan
113
Jan
Jan
17%
17%
Apr
9%
35
26
Jan
17
May 31
*
82
Jan
13
104
9
20%
29,100
Jan
48% Jun
Lehman
21%
2,900
8%
2%
23%
14
8
Sep
Apr
July 13
10
Jan
38
24%
35% July 11
9% Jun
10
25
July
Jan
8
Lehigh Valley Coal
6% conv preferred
337a
51%
31% Jan
6 34
58% July
18%
Jan
6,200
•■3374
8%
par
Jan
Apr
July
34% Jan
8% July 20
25%
341%
51%
par
25% July 12
.
24
25%
337a
51%
8%
25
27% Jan
2
6% Apr
257'u
33%
8%
6% Jan
l7/8
7
7
257a
33%
51%
11
July
Libbey Owens Ford Glass—No par
26%
33%
8%
Feb
22
7 74
70% Jun
53% July 15
261/4
33%
511/4
28
3
26%
33%
8%
17
14
26%
33%
8%
25
July 26
Jan
26%
34
8
34
40 74
3674 Feb
25%
3,100
8%
Jan
4
-No par
26%
1%
8
20% July
31% Mar
Feb
Apr
35%
par
3
113
Jan
Jan
23% July 11
54% Jan
Jan
28%
21% Jun
1%
600
102
,
July 12
34
5
1%
1,400
16% May
18% Jan
1%
40i/2
Jan
4
17/8
21%
8%
4
1%
40%
19% Jun 2g
115
May 8
15% Feb
29% Jan
2
*21
24% May
No par
50
1
5
1%
40%
9
Jan
2%
1%
211/4
May 18
29% Jun
Sep
14%
107%
1%
'5,100
40%
111
Sep
29
24% Jim
6
574
21
20
17
774 Mar 21
5%
Apr
17
Jan
274 Jun
6 %
40%
26
293/4
Dec
Apr
Jan
7
10
1
Sep
Aug
10%
7%
19 % Jan
-1
127
Jan
11%
-
-3
57'a
21%
13% Jan
19
6
July 14
par
par
19%
Dec
'
17 74 July
29
6%
40%
25
39% Mar 11
23
1% Jan
6
51
Jan
5%
4% Jan
5%
'
4
100
conv
5%
*21
19
Jan
•
5
Portland Cement
preferred
121
-50
4%
5%
*21
4
13% Feb
17
No par
Bryant
5%
.
19% Jan
62
Lee Rubber & Tire
xl2% Jan
5
25
'
No par
(The)
Feb
14% Mar 28
100
Lehigh Coal & Navigation Co
Lehigh
21% July
124
15%
—100
Co
preferred
Lambert Co
Lane
121
B
Kendall Co $6 pt pfd A
'
*41%
9%
28%
5%
1%
29%
23%
9%
9%
123%
1%
9%
300
1,400
"1,500
10
29%
84
1
6
34
83%
-
600
2574
*22%
5%
17,800
67%
24%
*9%
9%
574
67%
2574
29%
83
6
6874
25
*82 74
123%
.
32%
41
5%
15
& Furn
City P & L of ser B
Class
/1,400
11474
*39
9%
*41%
3174
42
*33%
>
*114
*39%
9%
9%
18
40 74
33%
42%
18
40%
32%
28%
300
40
9%
9%
23
38%
33%
28%
*22
40
9%
24
600
23
33%
*22%
500
2074
*22 34
67
29%
32
27
6 % Jan
Stove
Kansas
17
34
2274
25 %
85
11474
32
32
*16
2074
*2274
25
.29%
17
2074
18 74
*227/4
1147a
32%
*16
22%
65%
42%
17
23
32%
35
21
V
-3,500
22%
68%
9%
'21
10
22%
25%
974
*16
~16% Apr
120 % Jun
•Kalamazoo
Kan
974
22%
67%
85
*3274
17
10%
10
No par
City Southern
—No par
100
4% non-cum preferred
Kaufmann Dept Stores
1
Kayser (Julius) & Co
5
Kelsey Hayes Wh'l conv cl A
i-l
900
•.
*121
974
23
25%
*9
1074
34
18%
31%
*121
10
20%
V.
20%
32
.
10%
*32 Va
17
*16
*20%
■
*121.
,
9%
1874
181% Jun
27
31% July 10
*43%
Mar 16
42% Jun
27
Jun
Jun
July
Dec
Jun
41
July
71
July
73%
Jun
Dec
182% Aug
2274
Jan
283/4 May
24
Jan
44
May
3474
Jan
43
July
171
Volume 160
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4303
443
NEW YORK STOCK RECORD
LOW
July 22
S per share
Wednesday
July 25
July 26
f per share
$ per shore
Thursday
$ per share
Sales for
Friday
July 27
July 28
$ per share
/
20
20
20 %
20%
20 %
20%
203/4
20%
20%
20%-
20% <"
26%
26
26'%
25 34
26
26
26
253/4
26%
25%
26
16%
16%
16%
17
17%
17%
17%
17%
17%
18
17%
173/8 X
63%
64%
62%
63%
63%
6434
64 %
65%
65
65%
501/4
503/4
503/4
51%
51
51%
51%
513/4
51%
51%
*20'/8
S
-
Lion Oil
800
1,900
18% Feb
No par
No par
1
21%
lx%
Nov
25% Mar
58 '
1
68 3A July 10
42%
Jan
40% Feb 24
52% July 10
37%
Jan
12
Mar 21
6%
Nov
11'A May
32
July 27
18 %
Jan
10
17 3/a Apr
29
10%
10%
103/a
10%
10%
v
2,000
Long Bell Lumber A
No par
31%
31%
32
31
31%
-
3,000
Loose-Wiles
19%
193/8
19%
19%
19%
193/4
19%
:
2,600
Loriilard
160%
160%
>
160
*23%
238/a
90
*89
23%
89%
90%
*29%
23 3A
23%
90
23%
24
*86
193/8
29%
19%
161
23%
*19%
193/8
161%
161%
24
23%
90
*85
19%
161%
161
;
23%
90
<90
t
Biscuit
Co
preferred
8'/a Jan
90
Louisville Gas & El A
No par
1,000
•
Louisville & Nashville
100
162 % May
20% Jan
69% Jan
31
148%
4
Jan
12
24'/2 July 14
15 3A
90% Mar 17
593/4
Jun
163'A July
22'A July
Jan
3
Oct
21%
16% Oct
203/8 July 13
Jan/ 5
151
100
2,500
23%
*88%
.7%
Jun
3
10%
30%
161
May
3
103/s
30 34
161
21'A July
Jan
24
July 11
1 Jan
10%
30%
161
jan
15%
18% Feb
13
28
11
30%
160
12%
7
19 3/4 Jan
No par
10%
29%
160
29
t per share
25
Lone Star Cement Corp
10'A
29'A
(P)
22% May 17
4
--
Highest
$ per share
64'A July
513A Jan
10%
513/4
$ per share
14% Jun,
.'—No par
29%
51%
Year 1948
Lowest
Highest
t per share
v;
Par
•
Refining Co
Lockheed Aircraft Corp
Loew's inc
11,700
65% /
-V;'
Liquid Carbonic Corp
2,900
./
Lowest
/
\-s
1,900
■
Range since January 1
r
EXCHANGE
,
•
'65
STOCK
NEW YORK
1
the Week
Shares
$ per share
26
>
Range for Previous
STOCKS
PRICES
Tuesday
Monday
July 24
Saturday
HIGH SALE
AND
Jan
79
July
29
May
M
29% 129%
29%
29%
"
40%
*136
*136
*136
40%
35%
'
353/4
35'A
*136
42%
353/8
36
*106%
107
,
43%
35%
•
293/8
■
42
41%
35%
42%
293/s
107
293/,
2m Ji '1 "
*136
44
36%
*106%
107
29%
—
29%
43%
43%
413/4
43
36%
367/e
36%
36%
107
*106%
16
16%
16%
16%
16%
16'A
16%
16
16%
16%
15%
16'%
*16%
16%
16
161/8
16%
16%
13
13
22
3
8%
8%
8%
12%
*12%
13
*21%
3'/a
31/8
3%
3%
8%
7%
7%
7%
173/4
17%
16%
16%
17
18%
18%
18%
18%
183/4
16%
16%
18%
8%
18%
18%
43%
43%
4334
44%
28%
28%
*27%
273/4
21
21'A
8%
8%
9
•8%
213/a
583/4
9%
9%
:
40%
'
27
•<
27%
27
27%
20%
*111
116
293/4
29%
2934
30
30
17%
17%
17%
*17%
52 %
52%
52
52%
513/s
20 %
17'/8
17%
27%
20%
20 %
*29%
17%
30%
*16%
243/4
24%
103%
24%
24%
103 %
103%
24%
*103
*52
24%
103
103
24%
103
52%.
53
24%
24%
53
53
243/,
24%
24%
5.500
*103%
700
12%
12"%
12%
12%
12%
12%
12%
12%
12%
12%
12%
103%
12%
*111%
112%
*111%
112%
*111%
1123/4
*111%
1123/4
111%
1113/4
*110%
112%
183/4
*18
*18%
18%
18%
183/4
103/4
10%
10%
103/4
10%
*89
953/8
*89
95%
*92
*86
87
*86%
87
*86%
*47%
87
32
36
36 %
13%
13%
13%
12%
13%
123/4
13%
4734
473/4
48
47%
48
48
48
48
48
32%
33
33
33
33
33
33%
33
33%
333/4
333/8
33%
7Va
7%
33%
33
7
7
33%
7
26%
26%
263/4
26%
26%
26%
35%
34%
343/8
35%
35%
35%
353/8
7%
26
26%
35
129
*128
128
129
129
129
53%
52
52%
52
40%
39 'A
39'%
39
40%
*
112
*107%
108 3/8
110 %
*1073/4
,;*%
*109%
*110%
*108
108%
*108
7%
8%
8
108%
*105
*106
20%
21%
3%
3%
20%
20%
3%
3%
1083/8
8%
31/2
3%
3%
3%
13%
143/4
14 %
14%
14 '/2
14
36
36
35%
35 %
36
36
213/4
21%
823/4
82%
22%
83
84
84
3/4
*115%
117
*115%
117
*115%
117
*115%
113%
*111%
113'A
*111%
46%
46%
39%
*38%
*115%
117
*115%
*111%
46
463/4
39%
39%
46
*38%
83 °/4
*82 V2
V8
22%
14 V2
14 "/8
100
21%
*22%
22%
10O
Monarch
Mach
83%
6uO
Monsanto
*115%
117
*115%
117
*111%
113%
*111 %
113%
47%
47 3 s
47%
47%
40%
*38%
40%
*38 %
\
117
*111%
113%
48
47%
473A
100
273/4
283/4
28%
293/8
28%
28 3/«
203/a
20%
21%
203/4
213/4
20%
203/4
203/4
20%
203/4
20%
20a/4
20%
20%
1,600
323/4
32
323/4
32
32
1,000
20
21
20%
20%
20%
20%
31%
31%
31'%
32%
32%
8 5/s
8%
88%
*87
8%
8%
8%
88
87
87
*23
24
23%
*74
76
75
23%
23%
75
113%
113%
*74
*113
113
113
12%
11%
49%
*87
23%
23%
76%
*74%
113%
12
50 /
8fa
8%
88
*113
12%
12%
*49
12%
49
11%
*48%
*32
50%
*49
8%
28
2,920
203/B
4,400
8%
8%
5,100
88
88
88
*88:,:"
89 %
90
23%
23%
23%
*23
*74%
76%
*74%
76%
100
113%
113%
113%
113%
50
9%
77
113%
12%
50%
12%
83%
233A
12%
12%
12%
50%
*49
50
500,
50
7,600
19'A
Jan
29
104
Feb 29
55% July
,6
38%
Jan
25'A July 10
14%
Jan
25%
6%
Jan
U%
Sep
Jun
193% July 24
13% July 10
Feb.1 9
Jun
114
101
Sep
115% Aug
Feb
6
9
Jan
193A July 20
113/s July 10
87
37% July
10 3A
Apr
89
Feb
78%
Sep
67%
Jan
27
8
Jan
60
July 18
July 26
96
>
Feb
Jan
34% July
12% July
42
4%
151/s July 11
48'/a May 18
,
2% Jan
8% Jan
Chemical Co
115
>
15% Jan
16% Jan
42% Jan
106%
Jan
128
July
107
Feb
110
Apr
107 yj
Nov
113%
Feb
3
Jan
8%
Jun
8
15
23
30
Jun
111
23% July 10
4 'A July
5
3
Sep
Jun
16% July
39% Jun
;
64%
Jan
98
July
13%
Jan
25
July
3% Mar
% Jan
r
'
3
3
3%
Jan
11%
Apr
17%
Jan
30%
Nov
75%
8
26
Dec
23
July 12
87% July 13
92'A
Jan
24
113
Dec
14
116%
Dec
121
117
112
Mar
Apr
H41/2 Aug
106% Nov
July 10
19
33%
Jan
July 14
31%
Jan
39%
Oct
July 15
13
v
Jan
2?%
Jun
9%
Jan
17
Jun
11%
Jan
213/s
Jan
31
Mar
23/4 Jan
7
Jun
77
Jun
48% Jun
40:
>
30
247/8 jun 27
3;
7
Jun
119
117% Jan
11
20% Apr 29
70
May 24
112'A Apr 11
8% Jan 3
313/8
5
.23
July 10
33% Jun
26'A Apr 19
4% Jan 4
72
Jan 4
.
Jan
9 % Jun
5
41% Apr 26
35% Jan 11
21A Jan
20%
112' >Mar 17
107% Jan
Essex
30%
1083A Jun
Jan 27
No par
9 3/8
Jan
583/4 May 29
42'A July 5
May 20
743/4 Apr 25
No par
No par
(John) & Co
&
.
Jan
110'A Jun
lll3/4May22
No par
5%
18%
1303A July
20
..
Jan
5
July 10
July 5
38
Mar 13
29
8
8'A July
93% Jan 13
17% Feb 5
100
July
July
28 'A
6% Jan 19;
No par
10
Nabco
28%
20%
Oct
16
36'A Apr 26
—1
7fi>
27%
21
Sep
113'A
13
108'A May 3
1073/4 May22
34
28%
20%
17%
Jan
28
Jun
16% May
50% Apr
105
300
27%
Jan
Jun
II2V2 Apr
Jan
100
100
—No par
50
Motor Products Corp—-—;—Na par
Motor Wheel Corp
5
Mueller Brass Co
1
Mullins Mfg Co class B_.
—1
$7 preferred
No par
Munsingwear Inc
—No par
Murphy Co (G C)
No par
4% % preferred
100
Murray Corp of America
10
Myers (F E) & Bro
No par
Morrell
Morris
Sep
22'A Aug
81/2
No par
10
Tool
preferred series C
Montgomery Ward & Co
9,300
40'/«
28
Oct
110
Jan
11%
July 12
21
36
.
Jan
123A
6
20
$4
*38 %
40%
;
Mills
$4.50 preferred ser A
Preferred series B
*115%
Feb
100
3
28 3/a
Aug
Sep
7% May
Jan
213%
July 10
Jan
60
2%
19% July
3
100
No par
preferred series A
*22%
113%
31
.—1
22%
117
—
Corp—
Carpet
117
44
110
176
Jan
Apr
Mohawk
8274
15
Jan
37
11% July 10
6
Apr 25
24% Feb
4»
27 % Jan 13
116% Jan 4
46
Apr
4
No par
Products
6Hf>
*115%
593/4 Jun
27% Mar
165
175'A July 24
Jun
July
Apr
5
15,200
117
Nov
27
32
32
8
82
10
10
Petroleum
14%
*115%
19"%
22% Jun
73/o
43% July
32% Mar
?«%
bJ'/4
833/4
Jan
34%
i/0
117
Jan
May
22
20
Jan
Mo-Kan-Texas RR
1%
3'A
; 31%
Jun
29
Sep
preferred
$6.50
9% July 20
51% May 17
Jan
Steel
Mission
3,600 /
3%
14
-
800
May
18'A
26
?^%
*115%
117
108
3%
3%
*22%
*104
108
21%
14%
22%
5,500
•21%
36
*22
60
'7%
20%
13%
*22
108%
7%
207/a
36
3%
108%
:
8 ?
Apr
July
24
233/8
Minn-Honeywell Regulator
4% conv pfd series B
4%% preferred series C_
4%
preferred series D
Minn Moiine Power ImpU
112
*110%
V
18'/4July24
8% cum 1st preferred.
«
-100
Minneapolis & St Louis Ry—No par
*109%
(*
108 3/s
7%
*105
108
in
*17
Dec
25
220
700
Jan
14 3A
34
128
2,600
Jan
9%
34'% July 20
Midland
41%
Jan
9
l
600
52%
3y8
May 17
173/a July 10
20% Mar 27
3
5,600
40%
27
21
Sep
Apr
43/a July
6 3A July
Mar
Copper
*51%
Jan
Jan
Mid-Continent
52%
1%
25
Miami
41%
30
27
Co
36
128
12
193/4
5
5,700'
51%
7'%
*20%
>
Jun
Jan
Jan
Mln Trans Co„—No par
conv
Merch &
Machine
40'A
*109%
112
Corp
8%
6%
14%
8% Jun
...
<
Jan
3
Jan
4
Jan
3
—1
31'A Apr 28
1 '•••»•.;• 8% Jan
4
50
>
37
Jan
4
(The)
1st preferred
Mesta
40%
*1073/4
105
105
20%
i
26%
*35%
129
5%
250
Co
2,300
7%
26%
Mengel
900
333/8
7%
36
900
52%
108%
73/4
7 7/8
110
*110'/4
112
333/4
7%
Melville Shoe
9,400
5
333/8
*
*110%'1*2
*109%
*109%
*109%
*35%
36
39%
52
*39%
*110%
*35%
26%
129
129
36
'
*51%
*52 %
...
"70
Jan
Mar
33/4 Jun
J,ll3/4 July 27
10
No par
No par
No par
Co.,
Corp
preferred series A
$5.50 pfd ser B w w
$6
87
36%
Mfg.
McQuay-Norris
3%
Dec
243A Mar
320
Apr 27
10.
--1
-100
preferred
15%
Nov
Nov
47
Mar. 20
21% May 1
97
Apr 18
>
—18
Co
Stores
conv
Mead
1,400
■■■■:■
13
7
6%
-Jan
15'
315
7
223A juiy
2
14
.
—No par
preferred
McLellan
■
500
11
*86%
$4
953/8
87
:
50
18%
lO'/a
*92
36%
26%
7%
"
87
87
*18
953/8
13
32
20%
'
37
7%
*107
10 3A
*92
*35%
32%
128
18%
103/4
11
47%
473/4
7
87
18%
18%
95'/8
1234
13%
32%
103/a
*92
*31 5/8
12%
32
957/,}
*36%
38
*36%
18%
10 3/4
.
2,100
?>
—5
27'-
133/4 July 17
'
5
27
No par
Mclntyre Porcupine MinesMcKesson & Robbins Inc_„
1.200
103%
103
103
52%
1
McGraw-Hill Pub Co
200
17%
'
52
5 y
:Jun 21v
9% Jun
>
14
170 . * Mar 2
52% Feb 4
4% Mar 6
32% Mar. 10 /
106'A Mar 7
19% Jan
5
16
Jan 13
109% Feb 23
,
10
18% July
19% May
No par
7%
Co
303/4 July
391
25% May
,
McGraw Elec
2.200
*29%
1
600
2.000
20%
114
Jan
July 28
16% July 5)
47/8 Jan:' 3
37'A Apr
4
par
y
200
27
*111
30
*16%
17%
27
116
^
par
100
8.900
41%
111
20
20%
*111
No
—No
Alkali Wks
Jun
19%
9
6'/a Jan
3
12% Jan
5
13'A Apr 27
16'AJan
3
1
Co
Co
Nov
37%
2'A Jan 19
preferred
i
100
May Department Stores—
10
Maytag Co
—No par
$3 preferred—-.
No par
$6 1st cum preferred
No par
McCall Corp
—*
McCrory Stores Corp
1
5% conv preferred w w
100
900
10
*393/4
Elec
Mathieson
.
10
•
*110
L)
Masonite 'Corp^
Master
3.000
58%
9%
v
41%
111
io% Feb
138%
Jan
107
67/8Apr -24
,
par
July
28
38% May 27
Jan 21
1
5
100
prior pfd,.
Corp—^
Martin-Parry
'
300
-
21%
14% Jun
315
Jan
133
44% July 10
139
183/4 Feb 24
Corp
Ry 6%
(Glenn
Martin
2.900
176
58%
10%
*110
112%
10.900
28'A
21
*175
58%
*39%
41
*27%
213/s
176
10
111
9%
44'A
-
St
i
;—25
Midland
Market
5.400
9
28%
18%
-
20%
29% July 21
Apr 26
6
Feb 21 34% Jan 27
27%'Jan
3
104
Jun-; 6
yi, 14' Jan 12 *
Marshall Field & Co——:—No par
&!■' 7.100 5
17
;
44
58%
19%
*16%
9%
43%
211/4
10%
,
*303/4
*110
27%
vi
9
58
112%
116
29%
29%
29%
111
Marine
10.900
18%
Bros
Maracaibo Oil Exploration
«1.310
43%
.
*
20%
*111%
116
10%
41%
*110
27%
20
20%
20
10%
7%
173/s
16 3/8
18%
*175 '
58
200
2,300
3%
7%
-17
No
Mandel
Manhattan Shirt
25% Apr;
-135
No par
Trucks inc—,—
300
173/a
.
28%
213/8
*401/4
>
40%
27%
27
27
*i n*/4
21%
44
*175
S%
111
*110
2134
58
7%
3.200
22
*3%
17%
18%
28%
57%
9%
40%
40'A
*110
4334
*27%
*175
58
*57%
73/s
93/8
43%
27%
21%
175%
8%
13
*21%
17%
16%
27%
213/8
175%
*175
9
'
*12%
3%-
!
400
'
43
'
*350
22
33/e
17%
16%
7%
'
2.200
•■/;.
100
Co Inc
—No per
i
4%% pfd series A w i
-100
Madison Square Garden..
No par
Magma Copper—,——
—10 '
Mahoning Coal RR Co___
50 ,
Manati Sugar Co
,
—1
1.700
.
16%
8%
7%
17%
16%
16%
16%
13
22
17
100
107
*16
•
3%
7%
107
400
*12%
16%
16 %
107
i_10
Macy (R H)
j
'
22
73/8
.
58%
*106%
*350
17%
7%
17%
9
-
400
22%
3%
/"
*350
22%
*21 %
3
400
12'/a
13
^12%
22
>
*21%
8%
8%
8%
8%
*350
400
*350
400
7.100
,
*
16%
*365
Mack
-4.100
Forbes
&
preferred——
6%
*136
,
16
*106'A
MacAndrews
:
700
29%
28
9% July 20
July 30
3
53
Jan
62
Apr
111
July
24% July
i 78
;
Jan
15
July 12
90
50
'
July
18%
Apr
23%
Jun
79%
Sep
117
Aug
1163/4 Feb
24
133/4 Jun
29
5%
Jan
113/4 July
50'A July 18
34%
Jan
44
5
Feb
N
%
V4
15
15%
*
3/4
%
%
*%
15%
15%
15%
15%
153%
15%
15%
15%
153/4
35,300
*35%
36%
36%
36%
*35%
36%
*35%
36%
40
%
15
78
Liquidating Co
v
36
Chatt &
Nashville
36%
*35
18
181/4
18
18%
18
18%
18%
18%
18%
18%
18%
18%
2,900
National
11%
113A
11%
11%
11%
12%
11%
12%
11%
117%
11%
117%
5,000
12'A
12'A
St.
Louis
Nat Automotive
36
*12
12%
127%
12
123/8
123%
1,200.
12%
12'A
*11
11%
11%
11%
113/8
11%
11%
11%
11'%
11%
11%
11'%
1,200
22
22%
22
22%
22%
22%
227/8
23'%
22%
23
22%
22%
11,600
174%
1741/4
*1723/4
176
*18%
19%
*191/4
12%
19 3A
19%
12%
*174
176
*174
19
*174
176
19
*18%
176
19%
*172 3/4
193/4
176
13V8
13%
13%
13%
13%
14%
14
143/s
14%
14%
13%
133/4
9,000
31%
31
31
31%
31%
31%
31%
30%
31
30 7%
313%/
3,400 i
20%
21%
21
22%
22%
227%
22%
23
21'A
22%
21
12%
12'A
12%
12%,
123/g
12%
12%
12%
12 3%
12%
12%
12%
1,800
23'A
233/4
22
23%
22%
23
22%
23'A
2 2 34
23
227%
23
9,600
16
16'A
16
16%
16%
17
17
173%
17'A
*12
12%
12
12
*113%
12
34
34%
34%
30
31
12 3A
12%
*29
12%
98
98
98
23%
233/8
*148
12
34%
34%
34%
34-8
'su%
31
30%
30%
30%
30%
13
13'%
13%
133/8
13%
-
98'A
*971/2
23%
23%
23%
175
175
175
*11'%
175
*175
150
148'A
98%
233/4
177
148%
98%
23%
175
*147%
98%
233%
175
150
"*117%
34%
*30
13%
98
23'A
*11%
12
98
23%
*147%
150
19
1,800
20%'-
1,100
148%
20%
19%
20%
19%
193/4
187%
19%
*183/4
19
19
20%
20%
20'%
*70%
20%
20%
20'A
20'A
20%,
3134
313A
*31%
32 3%
*32
20%
32%
32%
32%
32'A
*32%
6%
6'A
6%
6%
6%
6%
6%
6%
6 3%
6%
63%
68%
683/4
67%
68'A
67%
67%
67%
673A
14%
15%
15'%
15%
15%
15%
28
28
28
28%
•28%
88
88
.
93
*91
■
9%
9%
88
87%
93
*91
8 73/4
*91%
93
*91%
}:&■ 9%
9%
93%
10%
10%
10%
10%
*10'A
17
16%
17%
17%
29
29%
101 %
*28%
29%
*28%
*99
*100
101%
*60
65
*61
*107%
*59
62
108
108
108
*107%
30
93
-
200
32%
6%'
'A
6 6 3/4
15%
153/4
*27%
28%
28'A'
28
87'A
87
2.300
87
*91%
93
15%,
15%
.X
%
1.100/
460
93
*91%
3.200;
Natomas Co
3.900
Nchi Corp
293/4
200
101%
10
10'A
-10%
11
10%
10%
10%
10'%
10%
173%
16 3%
17%
163/4
16 3/4
167%
293/4
*28%
65
108
*60
*107%
101%
6434
108
mo
*60
293/4
100
65
*28%
*100
-
*59
107%
107'A
*107%
64
108
'
20
30%
30%
*30%
30%
30%
30'A
30%
30%
2.000
19%
19%
19%
19%
19'%
193%
18%
19'%
5.300
14%
14%
14%
15%
15%
15%
15%
15%
7.200.
1041/8
104i'8
*103%
1043%
1043/4
39%
40%
18%
143A'
*103%
1043/4
40%
40%
footnotes
see
r
page
40
447.
40
*40
105
*105
41
40
1053/4
40
*105
40%
Share Corp
16 3%
10%
*28%
&
10%
10%
105%
40%
17'A July
5
6 3/a
3734 July 20
23%
19% July 20
13'A July 10
13% July 12
13
No par
*
300
$5 conv
New York
5% Jan
/
9
No par
Inc
j.
1
serial preferred—100
preferred
Air
Brake
No par
No par
12 3/a Jun
9% Jan 4
20% May 18
165
Mar 1
18
Feb 17
8% Jan 3
/ 26
Apr 18
97
4
6
3
4
Jan
3
Jan
4
Jan 12
Jan
4
Mar 17
Apr
4
Apr 24
Jun
8
Jan
5
25
Jan
Jan
'
12
July
176
Sep
Nov
21%
18
5%
Jan
10%
Sep
18 '/a
Jan
29 3/a
Dec
103A Nov
9%
Jan
14%
Jan
21% July
July 26
67/8
Jan
Mar 15
9% Mar
X25 'A
26
17%
15%
Jan
14% July
14
25 % Jun
27
Dec
Dec
29%
'
Jan
6
5
Jun
Sep
12
36
Jan
100
Jun
13% Aug
143/4 May
33V2 Jun
>
133/a July
23
•'
Jan
373/e May 24
•
12% July
•;
16 3A
24% July 10
70% Jan
Sep
11%
.
Jun
90%
Nov
20%
Dec
14
Jan
176"
July 28
160
Jan
178% July
150
:
Jun
14
137
Jan
150
Jun
22
May
36
Jan
22'A July 17
Jun 27
,
34
7'
Jun >28
;27
:
;
7'A
Jan
Jan
52
70
v
Nov
2 3/a
Mar 13
July 20
17% July 10
-
14% Jan
23 J
5
4
8
8
20% July 20
13% July 10
11
7
25
18
26
19
5
7
8%
153A
162
Apr
11% July
Feb
July 13
33
23
8%
Feb
Apr
19
17V2 Apr
3
25
5
July
20% Jun
17
11
3
17
5
Mar
35% Apr
176
5% Jan
19
23% July 12
,
Jun
19%
Dec
5
3
9^ Jan 8
10% Jan 31
—No par
1%
15%
Jan
403/4
Jan
Jan
13% Jan
28
13%
Neisner Bros
22
43/4% conv
96%
Newberry Co (J J)
No par
56
5% preferred series A—
100
105'
Newmont Mining Corp
10 >'•
27%
Newport Industries
1
16%
Newport News Ship & Dry Dock—1
13J
1.000
,
100
% Nov
10
11% Apr 24
1
1
10
5
—10
% Jan
& Mar 30
No par
5
100
No par
National Can Corp
10
Nat Cash Register—
No par
National Container
1
12 % Jan
National Cylinder Gas Co
1
xll'A Feb
Nat Dairy Products
No par
19% Jan
National Dept Stores
;—No par ;
12% Jan
6% preferred
10
ll'A Jan
Nat Distillers Products
—No par *.
30% Feb
Nat Enam & Stamoing
No par 1
26
Jan
National Gypsum Co„
*—1 v
9
Feb
$4.50 conv preferred—»—No par
87% Jan
National Lead. Co
10 / '19
Jan
1% preferred A
100
164
Feb
6% preferred B
-ul00
141
Jan
National Linen Service Corp
—1 ?
187% July
Nat Mall & Si'l Cast Co.
No par *. 17% Apr
National Oil Products Co
—4
28'A Apr
National Power & -LtNo par £1. -5% Feb
National Steel-Corp
1
—25 ;
577% Feb
National Supply (The) Pa
—10 {
11% Feb
$2 conv preferred
1
—40 1
25% Feb
5V2% prior conv preferred
10
79% Feb
6%
prior preferred
—100 v
83% Jan
Bond
National'Tea Co
.10%
*100
preferred
5.900'
10'%
29%
11.600
87
t
10%
101%
9.100.
19%
293/8
19%
143/s
For
87%
66
67
>
14%
303/s
18%
14%
30
153%
28
88
87%
16%
*99
15%
28
190:
20
20
28
7,800;
*147%. 150
203/8
67
l
240
233%
176
v
148%
*32
10,400
98%
*
176
300
133%;;
:-
23
98
5,600
30%/
13'%-
176
400
35
*30
13%
4,200:
12
34%
343%
30'A
11,800
17%
17%
17%
*175%
21%
National Biscuit Co
Nat
400
Co
Acme
Fibres Inc
6% conv preferred
National Aviation Corp—J
7%
100
19%
*19%
1
31
-
Corp
Nash-Kelvinator
5%
Jan
;
Jun
64% July
15% May
30 % Mar 16
14'A Jan
28'A
Jun
' July 18
93% July 7
57
Jan
80%
Jun
Jan
88
Jun
89
10'A July 20
•11% July 12
18% July 11
31"
July 5
'
62
7% May
2 3A
Jan
6
Jan
10'A
9'/8
Apr
Jan
19 3A July
16
Jan
25%
Oct
98%
Nov
101% Jun
13
74 3/a
Jan
66
Jun
23
37
Jan
110
Jan
22
106 3/4 Mar
32
July
5
26%
22
July 10
10%
16
Jul V 12
12
Dec
105
July 26
94 3/a
Nov
43
July 10
27%
Jan
Jan
Jan
\
57'• 4
37%
IS
Sep
Aug
114
2
Apr
Oct
21% Mar
103
May
44'A May
AND HIGH
LOW
July 25
July 26
$
f per share
per
I per share
share
j
20%
19%
20%
20
20%
20%
21
29 %
27%
28%
23%
29%
28
29%
25%
*25%
16%
"15%
37
*35
197
93
91 Vt
92
90%
26
*25%
26
*25%
26
"25'%
26
200
6% preferred series A
N Y City Omnibus Corp
15%
*15%
16
15%
15%
*15'A
15 J/2
200
New York Dock
42
*36%
*36
*40
40%
*116%
17%
*54%
54%
54%
54%
*53
53%
53%
53%
8%
103%
104
*103%
197 '/a
♦116J/2
117
*54%
55
54%
54
*53%
54
♦53%
17%
17%
54%
53%
8%
8%
17%
17%
v8%
8%
100
8%
*103'%
__
17%
16%
17%
16%
17%
16%
*113%
114%
*113%
114%
114%
25%
25%
25%
25%,
*42%
43%
43%
44
24%
6
44
48
3,300
170
6%
1,800
200
50
18%
17%
18%
17%
18'%
17%
18%
16,000
54
54
54
54
54
53'%
53'%
700
52%
*53
,
4
28 V» Mar 14
267% July
Jan
74% July
14%
Jan
26
May
3
6%
Jan
13
Dec
1
16%
Jan
32%
Dec
198% Jun 15
63'%
Jan
132
Jan
54
3
27
18'% July
42'% Jun
30% Jan
22
Jan
19
52
Jan
3
77
July 25
28'%
14'/4 Jan
3
19% Mar 11
12%
Nov
26% May
23
Jan
38
•
July 17
33% Jan
183'% Jan
4
41
3
201
Jun
26
116'% Jun
29
122
Feb
2
15% Jan
10
-19
July
8
Jan
26
55'A Jun
51% Jan
27
53% May 26
7% Jun
9
9% July 10
Jan
4
xl3 'A Jan
3
Jan
31
17'% Jan
37 J/4 Feb
15
4 J/4 Jan
3
40'A Jan
12
150
8
16
52
100
112
12 »/4 May
2.50
Norwich Pbarmacal Co
900
52%
53
25%
44
13 %
18
52%
50
13'%
18'%
18%
6%
48%
22,600
17
114%
13%
17%
18
6%
48%
30
13%
13%
■''■■13 A:-:
6%
48%
7,100
13%
13%
13%
6%
48 %
8%
—
13%
13
13
44
6%
48%
*47%
*24%
*47%
6
6
6
48
48
-
25%
44
24%
12,700
700
114%
44
17%
55
16%
24%
50
53%
*113%
44
100
1,140
117
*54%
8%
8%
*103%
♦103%
A
40
198%
*53'?4
16%
6%
6%
198%
*116%
114%
24%
48
*391/2
40%
198%
117
17%
*103%
44
24
*39%
198%
16%
113% 114
"43
40%-
40%
198
*116%
May
Jan
129
No par
—50
100
N Y SUpbidg Corp part stkl
1
Noblitt-Sparks Industries.
5
Norfolk & Western Ry
100
Adjust 4% non-cum pfd
100
North American COi.
10
6% preferred series
50
5%% preferred series
50
North American Aviation
1
Northern Central Ry Co
50
Northern Pacific Ry
100
Northern States Pow $5 pfd.No par
Northwest Airlines
No par
Northwestern Telegraph
50
Norwalk Tire & Rubber
No par
Preferred
50
4,100
20
Jan
11
;97% July 19
11% Jan
Highest
t per share
10%
32'% July 20
3
share
31V2
21% July 20
3
4
Jan
24>/a Jan
N Y & Harlem RR Co
N Y Lack & West Ry Co
1,420
16 %
114%
17%
16%
?
77
16'A
54%
54%
8%
77
16%
17%
*53
103%
77
16%
117
17%
17%
17%
8%
8%
;-i
76
17%
199%
197%
*116%
116%
17%
77
16%
t per
t per share
share
19% Jan
62
$5 non-cum preferred
100
—
76
40%
198
198
116%
41%
185
16%
16%
117
198
*177'/2
183%
*177%
185
*177%
*37
41%
*36%
41%
7,000
92!Vb
77
75
16%
91
185
*175
74%
*39%
41
*39%
92 %
Year 1943
Lowest
Highest
15% Jan
No par
100
100
No par
No par
N Y Cliic & St. Louis Co
15%
185
16%
16%
16%
4,400
23
37
74%
74%
*73%
Central
New York
109,300
28'%
90%
16%
*175
185
20J/8
28J/2
90%
89
25%
*175
19%
29
A 29
26
89
87 %
4115 Vb
37
%
t per
Par
20%
19%
19 %
27
Lowest
Shares
$ per share
5 per share
per snare
NEW YORK
the Week
July 28
July 27
Range since January 1
STOCK
EXCHANGE
Sales for
Friday
Thursday
Wednesday
July 24
July 22
Range for Previous
STOCKS
PRICES
SALE
Tuesday
Monday
Saturday
Monday, July 31, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
7
July 21
18% July 6
104
115% Apr
27
44
1
.
..
7
24
Dec
Dec
July
162'%
Jan
192'% July
113
Jan
122
Nov
9%
•'
Jan
18% July
49'%
Jan
56'%
Jun
Jan
56
Jun
Nov
14'%
Apr
48%
8
Dec
101
91'%
Jan
7%
Jan
18% May
Jan
116 Vg July
107
23% July
July 15
15'%
Jan
Jun
36
Jan
x3'%
Jan
\ 6
July
Jan
45
Apr
Jan
14%
Oct
July
23
5
July 28
Jan
.31
27
8%
41% Aug
O
10'%
•
11
100
/
11'%
59'%
10%
101
10%
10'%
101
42
•100
101'%
59%
60%
H'%
%'•••••'
— -
*113%
11'%
22 3%
11%
223/4
42
223/4
42
22%
-
1,400
6,000
10 5%
Otis Elevator
10,600
360
42
42
*41'%
72
*69
72
*69
60%
x59%
60
60
133/4
*13%
*69
60%
60
12
22%
V;.;
-Xyti'v'
8
20'% Mar 22
11'%
Jan
21 Ve July
Feb
8
57'% Jun
27
29'%
Jan
50% July
11% July 19
3%
Jan
18
100
147
Apr
105'% Jan
14'% July
18
42'% July 20
37'% Apr
26
Jan
8
71
55'A Feb
29
64
64
12.50
1
153
5
Co
10
24% July 13
Mar 30
19
May 10
No par
Glass
Owens-Illinois
3,400
8% Jan
No par
Outlet Co
60%
8% Apr 18
99% July 25
6
Outboard Marine & Mfg
72
45
100
10
preferred
6%
200
42
No par
Farm
Equipment
Omnibus Corp (The)
8% conv preferred A
Oppenhelm Collins
101
*152'%
*152'%
*13%
73
*69
72
60
113%
22%
*152'%
.'."-V-
*41 7.
45
*69
:
_
11%
22%
*152'%
*40
42%
60
♦100
113/4
22
*152'%
72
*69
103%
10%
101
22%
11'%
21%
22
*152'%
"40%
10 3%
10'%
99 %
Oliver
'
11%
21%
10'%
100'%
10'%
103%
101
101
17% Feb
No par
Ohio Oil Co
*
July 18
Jun 19
Jan
69
3'%
15%
10»%
Dec
Dec
105
107%
Jan
Jun
21%
Jan
Jun
Jan
142
154
Sep
Apr
28'%
Jan
38
46
Jan
67%
54'%
Jan
64
Oct
July
P
*13
•11%
12
323%
44'%
38%
21%
157'%
*11
113/4
11%
11%
*10%
•40
41%
403%
40%
*40
41%
21
*20%
21%
21
16'%
*15
16%
*15
21
*15
323%
44'%
45
45
44%
45
37%
37
120'%
158'%
*157'%
7%
73/4
7%
16%
*15'%
16'%
*15'%
12U
■
11%
11
*40
32%
32%
44%-
•
*13 V4
14
32%
44%
*44
Packard
16
*15%
*15%
163/b
5%
32%
'
56
4'%
4%
4'%
43%
4'%
553/4
56
26'%
26'%
2
33%
1%
333/4
2
26%
33'%
26 5%
333%
'
4%
1%
4%
*55
55%
55%
*106
*106
v
^
^
153/4
.
153/4
1133/4
113
43%
29%
29%
7729%
29%
22%
22%
22%
22%
i
6,500
4'A
26%
27%
*34 Va
'.V
4%
1%
1%
2
29%
29%
29'%
29%
293/4
30
22%
22%
22%
22%
22%
Parafiine
<
July 12
15% July 14
16
par
25% Jan
10
41J%Jun
3
117% Apr
27
121'% Jan
12
149
11
4% Jan
159'% July 13
7% July ?5
Jan
12% Feb
3
3% Jan
27
17% July 10
6 J/4 Jun 19
25
35% July 10
8% Feb
18
19'% July 17
109'A Jan
8
114'% July 13
Airways Corp
1
& Ref
Prod.
1,800
Park & Tilford
Park
30
6,600
Parke Davis &
23
700
Inc
Inc./
ex-privilege
Consolidated
Utah
3
4% July 13
par
45
Jan
6
61
103
Jan
10
106
1
preferred
Pictures
2% Jan
29
100
No
Inc
Cos
conv
3,300
:
46
3
28% Apr
Paramount
17,100
;
Jun
39% Jan
No par
Panhandle
■
35 VA
l'/e
*34%
2
Pan-Amer
600
*•
23% Feb 25
34
5
Petrol & Transp
5
East P L 5.60% pfd_100
Panhandle
8,300
4%
353/4
36
2
Oil Corp
Car
Motor
Pan American
290
55%
27%
27%
35
23% Jan
27
29% Jun
»
30'% Jun
28
37'% July
Mines___l
1% Mar 27
July
Jan
2% Jun
5
25
21
5
27
*22 '/2
17%
17%
17%
17%
18'/a
17%
18 J/8
17%
17%
2,100
*57 J/fc
58%
*57%
58%
51%
57%
58%
58%
200
103%
103%
103%
103%
103%
103
102
104
7%
V
103
7%
15%
16
15%
15%
15%
16
15%
15%
'*14 J/2
15%
3%
3%
54%
18
*17
*110
114
29%
30%
24%
'
15%
■i
*53%
56
18
*17
114
♦lid
114
♦110
114
*110
114
*110
114
29%
24%
24%
29%
<"
29%
29 J/2
*24%
24 %
*24%
24 J/2
29%
29%
94%
*24%
24'% '
61J/2
61%'
61
61
61
61
60%
61%
11%
11%
11%
11%
11%
12%
12%
*11%
12%
54 %
"55%
54%
56
56'A
57
56%
57%
56%
57%
15%
16
16'/a
15%
15%
.
15
15%
14%
15%
81
81
82
82%
*82
83%
52%
53%
53
53%
*27%
54
52%
28
*27%
8
8
8%
8%
9%
9%
9
9%
47%
47%
47
47
47%
47%
22
22%
22%
22%
22%
22%
16
*82 J/4
53%
100 %
53
*27%
28
*8%
9
53
9
53%
53'%
9
9%
47%
22 '/b
23%
*27'A
8 J/8
47
"
54
28
8%
/■-
82
56'A
*27'A
8%
61
84
55
28
53%
29%
29J/a
*24%
30
61
56
57'A
31,100
15%
15'%
2.500
54'A
83'%
700
55%
55'%
2.300
271/4
'
28
27'A
8%
8
9%
9%
9 J/4
46%
46%
♦461/b
22%
22%
22 '/a
100
8
*9
53%
1,000
!:
1,000
*81
82
8%
.
200
53%
700
1,800
47
1,100
22'A
12.300
52%
53'A
101%
101%
101%
102
102%
102%
290
19%
20%
A: (19%
20
19%
20
19%
19%
19%
19'/a
5.700
25%
25%
25%
25%
25%
25%
25%
26
1.500
*114%
119%
19%
20
25%
25%
*25%
*114%
26
102
53
102
.
102
103
1.050
119%
*114%
*114%
119%
114%
119%
*114%
33%
33%
33%
34
33%
34
34%
34%
33%
34%
33%
34%
9.300
RQ
90%
89
89
89
89
89
89
89%
89%
89
89'%
1,600
109%
*109
109%
109
109
113%
113%
113'%
*108%
*112%
115%
*14
*112%
*14
*110
15%
44%
44%
12%
12%
*27
V
28
109
109'A
*
115%
112
'A
113
17
*15
16
112
112
45
45
12
12%
28 A
6%
*6 J/4
*27
6%
6
67%
67%
9%
8%
13%
12%
27%
78
13%
6%
79%
*13%
14%
110
44%
12%
12%
*27%
13
27%
119%
,
170
20
16'A
100
110
80
45'%
9,500
*12%
13'A
600
*27 J/8
27%
200
6%
1.700
6%
6%
6%
68%
9
79'%
*14
16 J/2
110
45%
45
27%
*68
9
*14%
*105
45%
6%
69
113 J/2
15%
108
*12%
9
13%
15%
44%
27%
*109
113%
108
45%
68 J/2
77%
IO91/4
*113
12%
9
78%
109'A
27%
69
9%
13%
109'A
122
67%
*77%
"
44%
122
*110
119%
68%
69%
.69
69
1.400
9%
9J/e
9
9
1.700
*78
81
140
*13%
14'A
9
*79 J/2
14%
80
80
14%
6%
80
*13%
14%
*170
*170
*170
*170
*170
*186%
*186'A
*186 J/2
*186'A
$5 conv preferred
6
4.800
Pittsburgh Forglngs Co
Pitts Ft Wayne & Chic Ry
7% preferred.Pitts Screw & Bolt
8'%
2.400
Pittsburgh Steel Co
*1861/2
6
5%
5%
2%
8%
95
8%
95
*92
51%
50%
*61
61%
50%
11%
5%
8%
8%
97
97.
6
9
97
5%
8%
*92
8%
*92
5%
6
81/2
81/2
97
*92
50%
50%
60 %
*61%
62 %
62%
63
62
62
20%
20%
21 J/4
20%
21%
20%
21 'A
20
51%
51%
11%
11%
•11%
12 J/4
11%
*69%
72%
*69 J/2
*69%
18%
18%
72%
18%
18
18
8%
f.
60%
11%
23
*22%
6
97
72%
*70
6
20%
.
21 %
20%
5%
*22
18
23
*22
23
52
12
•
*50%
11
51%
?
/
97
49%
■
61%'
20%
7%
50
50%
61%
—
*
class
B
5.900
5% preferred class A
-5'%% 1st ser conv pr pfd
Pittsburgh & West Va
1,800
Pittston Co.
810
7
'
preferred
60
,
11%
11%
11%
71
70
70
50
17%
18%
17%
18
2,500
Plymouth Oil Co
24%
Pond Creek
72%
*69'A
18
18%
22%
23
23%
24%
25
3,300
10%
10
10%
10'/4
10%
10%
10%
*10%
10%
10%
10'%
2,700
Poor & Co
12%
12%
12%
13
12%
13%
12%
12%
12%
12%
6,800
Pressed Steel Car Co Inc
*12%
13%
*12%
13%
13%
13%
*12%
13%
*12%
13%
*12%
13'%
500
40%
40 V8
*39
41
*40'A
57
57
x56 %
57
55%
119%
118%
119
16
16%
16%
16%
98
98%
96%
97
102%
101%
102%
101%
102%
1021/2
102%
102
102%
102 J/2
102'%
107
107
107%
106%
107%
107'/a
IO71/2
107'/a
107%
107
107 J
117%
118
*118%
119.
55%
119
.
119
107
41
41
41
41
400
56%
56
56
55%
56
2,800
119
119%
119%
*119
119%
160
18,200
16%
16'/a
16%
16%
16%
16%
16%
16 %
96%
97%
97%
98'A
97%
97%
97%
98
°
*102%
41
117
117%
117
117%
117 J/2
118
117%
118
118
118
*117%
118%
118%
118%
*118 J/2
119
*118'A
119
118
II81/2
47%
48V2
47%
47%
47%
48
47%
48%
47 J/2
48%
47%
16
16%
15%
16 J/4
16%
16 'A
16%
16%
16
16%
16
*112%
113'A
*112%
*104%
105
*112%
113%
*112%
113%
104%
104%
*104%
105
23%
23%
23%
v**
footnotes
see
23%
page
447.
.
23%
23%
105
23%
113
*112%
113
*118
*112%
119
1,030
conv
5%
conv
2d
6%
7%
750
220
16'/4
preferred
8%
Pullman Inc
113
6%
105'%
105J/2
105%
106 J/2
106'%
600
23%
23%
23%
231/2
23'%
1,300
5%
Purity
Jan
Jan
7'%
Jan
105'%
Jan
2
Jan
35%
100
11'%
4
106
Jan
30
17% Jan
~lVe
July
45%
Jan
Jan
15'%
Oct
113% July
Dec
July
'
July
72%
Dec
2%
Jan
Apr
1%
Jan
16%
Nov
29
Dec
93% Feb
60'% Mar
7
104'% July 14
80
Jan
13
Nov
8% July 12
27'%
Jan
32
16
Jan
19% May
May
6'% May
May
100 Va
Sep
20% July
9% Oct
1
—10
13!% Apr
18
17'% July 14
9'% Jan
3
Jan
10
17% July 14
4% July 5
3%
2'A Jan
1%
Jan
9
Mar 17
62'% July 17
18'% Jan 26
33'%
Jan
45
13%
Jan
17% Mar
10
108'%
Jun
25% Mar 17
31% July 17
23'%
Jan
32'%
21% Jan
15
Apr
25
May 31
17 %
Feb
24 7%
Jan
Sep
4
.63
Mar
9
46%
Jan
5'A Jan
6
16 'A
July
5
1%
Feb
61% July
7% Sep
58% July 12
37% Feb
16
100
100
No par
No par
1
100
100
No par
No par
100
100
100
100
110 J/4 Mar 17
55
46
112
Apr 24
Jan
3% Mar
113
Juh
Dec
28'%
Jan
59% July
10 Va Jan
3
17% July 20
5'%
Jan
54'% Jan
•
4
88% July 19
34%
Feb
5
5a% July 19
28 Vs July
5
19
Jan
16'% May
58'% May
41% May
33% Jan
23% Mar
6
7% Feb
29
7% Jan
3
40'% Apr
20'% Feb
9'% Jan
July 14
5%
Jan
26
51
Jun
14
24'% July
Apr
106
108
Feb
118
26
3
37
110
37
Jan
68'%
Jan
91%
Sep
3
18% Aug
22
Dec
July 28
24% Oct
25%
Sep
Jan
20
July 12
17
14
16'% July 14
x98
Jan
19
113'% July 13
43
Apr
19
9
Apr
23'% Feb
23
5
61
48% July
8
14'% July 15
4
28
Jan 27
July 11
7% Jun 29
13%
71
Jun
14
July
July
7% Feb
79%
Jan
100
42 %
Nov
50
3% Jan
18'%
5
5
68% Feb
25
80
May
5
59
4
15% July 10
171
Mar
3
186
May 12
4% Jan
3
6% Apr 25
82'%' Jan
3
46% Apr
27
/.
6% July
9% July
3
68%
Dec
9
Mar
Jan
77'%
Jun
Feb
15% May
168'%
Nov
168'%
Nov
170
Jan
182
Aug
4
Jan
6%
Jun
4%
Jan
10 %
May
Jan
90
July
61% Jan
10
24
Jan
5
56
Dec
52 % May
75
Mar
66'% July
6
8 % Jan
25
22'% July 20
14i% Mar 22
17'% May IS
19'A Jan 15
7 9'%
7% May
Jan
Jan
59 7%
3:
May 16
.
Dec
5
57% May
69
34%
Apr
May
10
ll'/4Jan
;
26
July
Jan
99
/
4
10%
Jan
3% Feb
Feb
July
25
Jun
117%
10
Apr
Jun
Jan
75
11'% Jan
90'%
109'%
18
164'% Jan
26%
Feb
113
13
21
Jan
Nov
Jan
183
Sep
104'%
7'% Apr
;
*51%
28
July 10
114 Yt Jan
11
Jun
29% Mar
7
July
91 J/4 Jun
Mar 28
11J/4 Feb
Nov
26
25
Apr
20
21% Jan
23% May 13
24% Jan
5
103
May 16
8'%
20
54% July 10
3
5
82
20'% May
10'% July
Jan
10
88'% Jan
117
Feb
6'%
49 J/4 Jun
19
23
12
7%
Jan
1%
Jan
16% Mar
10%
Dec
20
Jan
74%
Dec
19'% July 11
14'%
Jan
25
213% July
23'% Apr
79
Feb
15
-
18
Jan
8% Apr
25
11% July
8
4
Jan
Hi/4 Apr
25
14'% July
8
6%
Jan
133% May
13% July 19
6%
Jan
13
Jun
Jun
100
May 29
13
Jun
11% May 17#
35'% Jan 10
44
July 10
24%
Jan
40%
52% May 19
59
July 19
48'%
Jan
58
12
114%
Apr
123
18% July 10
11%
Jan
17%
Apr
75% -Jan
96%
Oct
116
Mar 25
13 J/4 Jan
3
87'% Jan
3
120
100
Jan
July 12
Sep
Feb
(The)
preferred
preferred
conv
Com
-
Jan
3
105
Apr
4
857%
Jan
100
100
Pub Ser El & Gas pfd $5
Pure Oil
5
Apr
43% July
2'%
23'%
51'%
No par
No par
100
preferred
preferred
preferred
13,300
17% July
15
No par
(ser of Feb 1 *29)
17,500
Jan
20
5
50
Pub Serv Corp of N J
$5 preferred
980
9
1
Procter & Gamble
1,450
Oct
6'% May
No par
1st preferred
pfd
Sep
160
Jan
20% Feb
No par
Pocahontas
class B
5%
5%
119%
3'%
58% Jun
5
12%
41
Jan
Dec
91'%
147
3
100
10
56%
28% May
10
1
(The)
Preferred
12%
42
Jan
26
Corp
Pittsburgh Coal of Pa
6% preferred
Pitts Coke & Iron Corp
700
*170
*186 %
19
Jan
4% Jan
$7 conv pref ser A
18,200
12'%
*11%
Cement
Penn Glass Sand
July
No par
Corp
Penn Coal & Coke Corp
18
*3%
Dec
45 V8
15% Apr
51'% Apr
No par
No par
5% preferred——.——^100
Pennsylvania RR
50
Peoples Drug Stores Inc..:
5
Peoples G L & Coke (Chic)
100
Peoria & Eastern Ry Co
100
Pepsi-Cola Co
1
Pere Marquette Ry Co—2
100
5% prior preferred
100
5% preferred
100
Pet Milk Co
No par
Petroleum Corp of America
5
Pfeiffer Brewing Co
No par
Pfizer (Chas) & Co Inc
1
Phelps-Dodge
Corp
-25
Philadelphia Co 6% preferred
50
$6 preferred
No par
Phila Electric Co. com
No par
$1 preference com
No par
4.4% preferred
!..?00
Philco Corp
:
3
Philip Morris & Co Ltd
10
Preferred 41A% series
100
Preferred 4'%% series
100
Phillips Jones Corp
No par
7% preferred-—
—100
Phillips Petroleum
No par
Pnoenix Hosiery
5
Pillsbury Flour Mills
25
55%
*17
3%
31%
Jan
No par
10
No par
No par
1,000
3%
*54
18
16'%
Jan
10
3
Penn-Dixie
57%
3%
56
Mar
23%
33
17
700
*17
3%
Co
Airlines
Apr
July
23'% Jun
2,200
18
61
53%
Penn-Central
4,800
25% May
'31/;Jan
3%
57%
3%
(J C)
Jan
14%
7
15V4
*55
10%
100%
Penney
55
28
16%
*17
61
i
Patino Mines & Enterprises
Penick & Ford
.
13'%
Jan
18 'A Feb
15%
18
29%
v
1,700
13% July
Jan
26% Apr
16%
16%
*14i/s
104
*3%
3%
*110
*24'/a
15%
15%
*14%
104
55
3%
54
*17
16'A
16
7%
7'/a
7%
7%
7%
15%
*15%
53%
Parmelee Transportation
3,800
17%
58%
6%
7
58%
104
71/2
17%
*57%
7%
6%
17%
*57%
.
Jan
6Ve
2.50
Parker Rust Proof Co
'
7
7%
23'%
No par
Co
■•■I; Mfi' >^-y Vj;
7:7:
22
16'/4
113%
*106
27%
29%
-
IS
8,200
*53%
4%
341/4
27
59,500
153/4
54
27'%
2
53/b
32%
113
*106
33'%
2
7V
7
16%
26%
•
7:7.
V
113
4%
54
56'%
....
7 *106
■
•
17'A Jan
1
10
& Teleg
preferred
Pacific Western
16 3/8
5%
41%
53%
31%
6%
4
100
100
Pacific Tin Consol'd Corp
5'%
55'%
No
Mills
72,500
32'%
*106
Pacific
Pacific Telep
Apr 28
15 J/8 May
Jan 10
No par
7%
53/s
133%
Pacific Lighting Corp
7'%
32 V8
113
1,800
7%
53%
13%
44%
73%
73/4
32%
113
&
Gas
40
5%
13
Pacific
190
313/4
113
4,100
13
48'% Jan
30
25
Electric
323/4
1,700
53%
13
•—-
Co
37%
32%
1133/4
■
■
.
Coast
preferred non-cum
158%
5'%
13
16%
14% July 10
8% Jan
1st
390
21
10% Jan
40% 3un
Pacific
121'/4
31%
*113
30
-10
No par
2nd preferred non-cum—No par
Pacific Finance Corp (Cal)
10
190
37 Va
5%
13%
11%
41%
5
Pacific Amer Fisheries Inc
**
1203/4
37%
121
31%
113
-
*157%
1203/4
158
5'%
12%
-
158%
37%
lZOvg
31%
113
13%
*157%
37%
37%
120'%'
7%
*15'%
16%
*15%
323/4
*157'%
121
7
7%
7
32%
158%
120
♦157'%
/
32%
45
7
37%
37%
38%
158
21
*15
16'%
32%
323%
45
21
20'%
*15ft
16%
32'%
121
*120
14
41
21
16'%
21%
*15
*13%
11%
11%
•39
41
*39
14
*13'%
13%
104 J/4 Jan
4
110
Apr
13
96%
Jan
1071% July
114 % July
113'% Jan
3
119% Apr
No par
No par
No.par
100
103
No var
115 J/4 Apr
28
119% Feb
37'% Jan
3
96
10
108 V8
Nov
129% July
15
113%
Nov
122
52'% July 10
26%
Jan
40 Va
18
11
Jan
19% July
15% Feb
3
109% Jan
12
113'% Feb
103
Jan
15
107
19% Jan
14
Mar 22
Aug
July
18
104%
Feb
114'% July
9
92'%
Jan
107'% July
24% July 17
13%
Jan
Feb
22%
Nov
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4303
160
LOW
*14V4
S per share
share
*14%
143/e
HIGH SALE PRICES
*14%
Thursday
July 2 7
July 26
$ per share
14%
STOCKS
Wednesday
July 25
July 24
July 22
S per
AND
Tuesday
Monday
Saturday
:
$ per
$ per share
•
*14%
14%
14%
14%
Range for Previoav
STOCK
Range since January 1
Lowest
123/4 Jan
No par
>8% Apr
$
share
per
t
j 69 ¥2 Jan
5
7% Apr 24
85 Va Jan 27
share
per
14¥2 July 10
13
No par
1
.
21
.19
Quaker State Oil Ref Corp.
300
14%
Year 1943
Lowest
Highest
I per share
Par
-Shares
$ per share
;■»
YORK
EXCHANGE
the Week
July 28
share
NEW
for
Sales
Friday
Hl|hest
ni|nest
t per share
10¥4 Jan
15
July
R
•
10%
10%
10%
•'
'75 V.
■>74%
10%
10%
10 %
10%
74%
74%
74%
9%
~
74%
8%
10%
10%
'
*
74%
74%
103/4
74%
10%
743/4
74 ¥2
-
<
8 3/4
9
8%
9
9 •
91/4
9
9%
89%
88%
89%'
88%
89%
89%
90
89%
32
30%
30%
31 %
31%
*303/4
32
*31%
90%
31%
*15% a;16
15%
15%
153/4
15%
15%
15%
153/4
15%
33%
33%
32%
32%
32%
32%
32%
17%
173/4
18
18
18 /
18
17S/a
17%
37%
*37
9
87 3/4
V *31
33
-
"
33
325/6
1
17%
.V
*37 :
37%
30
*130
30
11
*130
60
*59
rt
*16%
17
*18%
6%
•1.580
•
$2
1,500
\
-
No par
1
Inc
preferred
'
*37
37%
*37 k':'
37%
*37
*29%
31 Va
*30
31%
*30
31%
11
11
11
11
132
130%
130%
60
60
60%
63%
59%
63
133
150
63
63%
Real
1.200
63
Rels
510
>
& Co 1st pfd
16
*15%
16%
*153/4
163/4
19%
*19%
20%
*19
20%
*19 ¥2
20%
100
Reliance Mfg Co
19%
19%
19
19%
19
19 ¥»
7.700
Remington-Rand
__1
98%
98%
98 5/a
99
99%
99
99%
99
995/8
2.100
93
92 %
92%
92%
925/8
92%
92%
92 ¥4
92%
210
16
16%
103/4
11
19%
11 ¥a
19 ¥4
11%
18%
*1013/4
19%
98%
10%
11
*96%'"
98
97
98
97%
83%
*80
14%
14
98%
983/4
98 *'
\
llVa
19 ¥»
11 ¥2
193/4
.
•
98%
983/4
99
11%
11%
11
11%
973/4
*96 ¥2
98
*80
*11%
19 ¥a
99
11%
*101 ¥2
Reliable Stores Corp
600
27,000
99
■
10.900
96%
97
973/4
96%
82
81
81
80
14 ¥4
14 ¥a
14%
14
14%
98
98
983/4
97
97
96 ¥2
973/4
95 ¥4
96
13%
13%
13%
13%
•>r ■ 13 %
13%
133/a
x323/4
33%
323/4
33 VB
32%
33 ¥t
32%
33
38%
*36%'
38 ¥2
*37 ¥2
38 ¥2
*37V2
38%
38 ¥2
16%
16%
16%
163/4
163/4
163/4
163/4
163/4
38%
16%
10
10
9%
•15
16
*14%
9%
10
10
10
*15%
16
*15
16
13%
,
10
*73/4
8
8
8
510
1%
,
5 ¥4%
(R J)
1,000
2.600
10
100
14%
Rheem
Co
Richfield Oil Corp
Ritter
Roan
*7 ¥2
8%
*73/4
8%
*7%
8%
500
22 ¥4
22%
22 ¥4
223%
22%
22 ¥4
22%
*213%
22 ¥4
1,400
Royal
31%
31%
32%
33
32
32%
313/4
31%
31%
31%
1.100
Ruberoid
18 V8
18 ¥4
18%
18%
18 ¥1
18 ¥2
18%
183/4
18 ¥4
183/a
18%
18%
3.200
Rustless Iron & Steel Corp
*50 ¥4
51
50
50%
493%
50
50
50
*33
33%
34
33 ¥2
34%
33 ¥2
34
33%
3.400
St
¥2
¥2
%
%
¥2
¥2
¥2
¥2
%
%
¥2
t9s
3,100
ffit
1%
1%
1%
1%
1%
1 Vb
1%
*1%
1%
1 ¥4
1V4
1.500
51%
52 ¥4
52 ¥4
527/a
51 ¥2
113%
1133/4
113%
*113 ¥2
114%
*113 ¥2
8
52%
52%
114
*113
'
8%
8
31 ¥2
7%
8
31%
31%
32
107 ¥4
108
*106%
52
31%
/
*106 ¥2
107%
34%
•
52%
52%
1133/4
113%
113%
8¥a
8%
32%
32%
52%
42
42%
*42
42%
*112
113%
*112
113%
*112
113%
*112
*109
110
*109
109 ¥2
*109
109 ¥2
109
23
23 Va
23
4%
94%
*22%
23
4%
5%
94 ¥2
94%
4%
95
.
5¥a
94 ¥2
8%
7%
*109
23%
5 ¥4
*223/4
5 ¥4
95 ¥4
5¥a
95
112
109
23%
.
*42%
113%
953/4
7%
7%
32%
*107
.
23%
33
323/8
33
*106% 108
42%
42%
108
42 ¥2
*42
34%
5
95 ¥4
32
♦107 ¥2
108
*42 ¥4
42%
112
112
*109
109%
15%
16
15%
16
16
1&&
16 Va
16%
75 Va
75%
75
75%
75
75
74 ¥2
74%
12 ¥4
12%
12 Va
12%
12 ¥4
12%
12%
12%
13
*74%
76%
75
75
*74 ¥2
76%
74%
13%
133/a
53 ¥2
53 ¥2
24%
25 VB
25"
33/4
293/4
*253/4
13 ¥2
13%
54
3%
33/4
30%
30
*26
26%
*52
24%
25
*3 ¥2
3%
£30%:
31
*26
27
13 ¥2
133/4
24%
25%
3%
3%
31
*26
14
143/a
14
14%
14 ¥4
38 ¥2
38
38
38%
*22%
*j5¥a
15%
23%
36 %
*27%
13 ¥2
*22%
*
*150
23 ¥2
*22%
23
37
36%
27
13%
13%
13%
4%'
43/4
4%
313/a
31%
31%
36 Va
36%
151
*150
36%
36%
151
151
23 5/a
23%
23%
15%
15 ¥4
23%
15%
23%
15%
15%
293/4
65
14 Va
14%
383/a
38 3/8
1.700
10
5,300
500
'
2.500
100
27
38.400
1.200
383/4
100
16
conv
Shattuck
13%
Silver King
4%
37%
363/4
151
150
363/4
37
151
150
600
37
2.600
151
40
23%
23%
23%
23%
23%
23%
23%
3.600
16
15%
15%
157/a
15%
15%
15%
10.000
Oil
&
Porto Rico Sugar
preferred
California
26%
26%
55
55%
56
55%
56
55 ¥4
56
557/e
56%
65%
64
64
65
65
65
*64 ¥2
7
6%
6%
30%
28
30 Va
30%
28 Va
28%
8
8¥a
8
70
8%
70
70
*70
.
8
*70
300
8
40
72%
*29 ¥a
30%
30%
30 ¥2
303/4
28%
28%
28 %
29
29%
28%
29
44
44
45
45
45
46
*45
46
500
60r
60
60
60
60
190
*42%
*59%
60
*59 V4
60 -'
*59%
*29%
*597/a
60
10
10%
10%
10 ¥2
103%
69
69%
68%
69%
70
72 Va
35 Va
35%
36%
36%
35 ¥2
113%
*112 ¥2
1133/4
*112 ¥2
1133/4
63 ¥2
63%
*63
64
*63
64
113
*113 ¥2
? 116
*113
116
110 ¥2
111
111
111
30%
31
110
12
73
71%
72
*112%
63
*113%
111
110%
31%
30%
*112%
114 ¥2
1123%
31
31 ¥4
1123/4
3 ¥2
11 %
116
30%
3%
12%
*36
35 ¥2
112%
11%:
72
•'
11%
3%
8%
72%
44
44
114%
*7%
*70
30%
*42 ¥2
112%
8 Va
72%
*113%
3%
543/4
54
54%
54¥4
62
61
62
61%
62 ¥2
116
36
*112 ¥2
60
36
113%
63
31
600
•
11.700
287/B
non-cum
$3
Conv
900
10
500
116
*113 V2
116
1103/4
1103/4
*110
111
31%
31%
31%
114%
*1133%
114%
303/4
*114
31%
230
•
5.000
100
114%
■
r;
Jun
51 ¥2 Apr
11
43
Jan
50% Aug
367/a Mar
45
Jan
13
433/8 Jan
27
110 ¥4 Jan
8
35 Va July 12
27¥4 May 12
7
Jan
31 ¥2
3¥j
105 ¥2
Jan
1
63/a
36 ¥4 Jun
July 22
8
105
21% Jan
10
2% Jan
84
par
5
13
Dec
lOVa
Jan
183%
Sep
Jan
173/a July
18 ¥2
July
5
Hr
78 ¥2
July 19
3
63% Jan
Jan
6
Jan
27
6
9 Va Jan
3
Jun
903/a
5
72
5
4 ¥4
Jan
2
/
2
May
Jan
Jan
59%
243/8 July
12
24
July 13
5
6
98% July
14
16 ¥4 Feb
4
18
May 16
Apr
64
16 ¥4 May
Jan
73 ¥2 May
53/4
Jan
31¥2
Jan
57
Oct
/. 173/a Jan
29
Jun
14% July 10
55
July 11
28 ¥2 Apr
12
43/4 July
6
2%
24
42% Jan
18 ¥» Jan
23 ¥2 Jun
41 ¥4 July
5
20
5 ¥4
2 ¥4
132
Jan
25
24% July 17
21
¥a Jan
22% Apr
24
7.50
13 ¥a Jan
17
23 ¥2 Jan
Jan
5% conv preferred
Squibb (E R) & Sons
$5 pref series A
Inc
preferred
No par
No par
1
No par
No per
2
No par
1
100
No par
No par
No par
No par
No par
pref..No par
..No par
No par
...
55
Jan
14%
3
Jan
30 ¥2 May
3
28% July 10
153/4
Jan
30%
35 ¥4
Jan
493% May
42 ¥a
Jan
66
27
3
Jan
50 ¥2 Feb
11
33 ¥4 Jun
9
110
Jan
28
59 ¥2 May
12
16
July 10
9
Jun
;0
46% July 10
61
Jun
2
-
9
Jan
27
28
4 ¥4
July
3
10
37%
36%
37%
36%
37%
37 ¥4
38
17.200
Standard Oil of Calif
39 ¥a July
33%
32%
33%
323/4
33
11.300
Standard Oil of Indiana
32 ¥4 Mar
3
34% Jan
25
51 ¥4 Apr
19
Standard Oil of Ohio
25
40¥4 Jan
4
17.500
43
43
43
43
423/4
43%
43%
433/4
43%
433/4
43%
433/4
2.000
112
113
? 9%
♦112
113
1123%
1123/4
~
9%
9%
*112
9%
9%
113
*112
10
10
113
10 Va
9%
32%
32%
32%
32%
*32%
32 ¥2
*32%
323/4
63%
63%
*63%
63%
63%
633/4
63%
64%
153/a
15%
14%
15%
15%
15%
15%
16 Vb
153/4
11%
12
11%
12
11%
12
11%
.12%
*11%
*16 3/4
17
16%
163/4
*16%
17
*16%
9%
9%
9%
10
9%
17%
18%
18%
93/4
9%
17%
18
*55
58
*55
126
*126
127
*55
58
126
*126%
-v
183/8
56%
127
17
9%
18%
18 ¥2
563/4
563/4
*126%
127
7
32 ¥2
*64
10
32%
*111
97/a
*32
113%
100
97/a
14.900
1.200
15%
9.100
*ll3/4
11%
4.700
Stokely Bros & Co Inc
12
16%
16 3/4
163/4
400
93/4
9%
93/4
9%
5.500
18
18%
57
57
127
18%
*55
18%
13.000
6%
63/4
9%
9%
10 3,4
9%
10%
9%
10%
21%
21%
22
*22%
22 3%
22%
22%
*22 ¥4
22%
*22%
22%
78
78
78
22%
*32
77 ¥4
cum)
78
78
*76 ¥s
78
223/a
22
22
*21 ¥2
22%
*22
22%
33
33
33
*32
33%
*32
33
600
Mining Co
Superheater Co (The)
Superior Oil of Calif
Superior Steel Corp
500
Sutherland Paper Co
1.500
400
77%
78
,
15%
15%
16
16
17
16
16%
16 ¥4
16%
2.300
29%
29%
29%
29%
29%
29%
29%
29 ¥2
293/4
293/4
29%
5.700
Swift & Co
29%
30 ¥e
30%
30%
30%
4.300
29 Va
29 ¥2
29
29%
3.400
pvlvqnia
6%
6%
6%
7.000
Symington Gould Corp
31%
32
31%
31%
31 ¥8
31 ¥4
30%
28%
28%
28%
29%
28%
29 ¥4
29%
29 ¥2
63/«
6%
6%
6 3/4
6 ¥2
footnotes
see
For
page
447.
7
63/4
7
6 3/8
El""
Prod's Inc
115
Jun
26
13
11 ¥4 July
283/4 Jan
18
29
3
9 ¥4 Feb
173/4 July
10
133/a July 12
17 ¥2 Mar 14
15% Feb
1
7% Apr
July
1
19
19
11
13% Apr
20 ¥»
July
60 ¥2 Jan
54
Jun
15
100
1
10c
121
No par
25
100
10
3
5
21
Jan
27
126 ¥a July 28
5% Feb
15
7% July
5 ¥2 Jan
3
10% July
_.
17 ¥2 Jan
27
5
24 ¥2 July
84 ¥4 Feb
Jan
3
19% Apr
25
253/4 July
293/4 Jan
28
33
72
12¥a
8 ¥2 Jan
27¥4 Jan
Jun
July 26
4
17
3
31% Mar 20
273/4 Jan
No par
1
10
263/4 Apr
18
27
33 ¥4 Jan
5
9
73/4 Mar 13
5% May
33 ¥2 Jun
116 ¥2
July
Jan
70
July
117
Aug
107
Nov
110
Dec
Sep
31%
Dec
Jan
115 ¥2 July
Jan
6% Mar
Jan
38 ¥2
44%
Dec
Dec
Jan
40
Jan
383/4 July
Jan
60
Sep
Jan
45
¥a May
"5 ¥4
Nov
9 ¥2 May
25
13
5
Jan
Nov
37%
673/4 May 18
ll3/4 Jan
July
28%
5
623/4 Feb
42
46%
28
33 ¥2 July
Jan
28 ¥a
44 ¥2 July 12
Jan
Sep
9
July 10
par
Swift International Ltd
(The)
58 ¥a
6 ¥2 Jan
25
15%
15%
Swpets Co of Amer
*14%
31%
111
No par
Sunshine
6%
95/8
22
(The)
(4¥2%
Oil Corp
Sunray
No par
10
5
1
20
No
Class A pfd
60
18,000
65%
33
Studebaker Corp
6%
6%
33
preferred
Webster
Sun Oil Co
126%
9%
21%
prior
&
6 5/a
6%
22
200
5%
Stone
126 ¥a
9%
32%
16.600
57 :."
9%
32%
1
Sterling Drug Inc
Stewart-Warner
Corp
6%
22
100
(The) L S
65
155/8
9%
78
Btarrett Co
64 ¥2
6%
21%
preferred
Spring
15%
16 3/4
>126¥a
¥4%
64 ¥2
67/8
*77%
800
32%
4
Standard Steel
3 5 ¥» Feb
Sep
64
l0¥4 Jan
15
Standard Oil of New Jersey
¥4
iya
12
32%
No par
23
7
333/a
July
Sep
8
100%
653/a July 12
33 Va
60
.
25
*
56% July 12
8
44 ¥a
Jan
49
5
23/4 Jan
40 ¥8 Feb
35 ¥4 Mar
Jan
Jan
109
333/4 July 32
115
Mar
6
35% Feb
Nov
May
112 ¥a
July 20
Jan
23 ¥2
56
33
2
112
Dec
35 ¥2
25
115
Nov
35
3
383/4 Mar 13
64 ¥4 Feb
61
Jan
32 ¥4
v;
July 26
¥» July 17
113 ¥2 May
Sep
Jan
21%
12 ¥4
74
Jun
33
28
29 ¥2 July 18
6%
Jan
Sep
Apr
Apr
6%
2% Jan
23/a
28
July 14
32 ¥1 Jun
19
28 ¥2 Feb
110
7 ¥2
70
/
5
May 17
111¥4 Apr
108
Apr
103/4
153/4
May
5
22% May 13
3 6 ¥» Jan 26
6
25
July 25
28
563/4 Jan
Dec
Sep
149% July
Jan
333/8 July 12
37 ¥4
563/8
Apr
May 17
37%
55%
5
May 31
33%
56%
Jun
15 ¥4 July
Jan
152
37%
553/4
25 ¥4
6
33 Va
57 ¥4
39 ¥2 July
Jan
6
37%
55%
Jan
15 ¥4
28% Jan
Square D Co
prior preferred
19
i, 10 ¥8 Jan
141/ Jan
preferred
$7
Nov
303/4
14
$6 prior preferred
Sep
24 ¥2 July
23%
29 ¥e
26
Standard G & E Co $4
45 ¥4
22% Aug
20 ¥a
Feb
3,700
Nov
xl3 ¥0 July
Jan
16% Jan
5% Jan
2.200
V
July 12
3
2.500
May
153/4 Nov
5
4 ¥4 Jan
3%
27 ¥4
Mar 14
No par
1
62
Apr
28
28%
27
583/a July 10
54%
Jun
5
Jan
Jan
10 ¥a May
22
28
v
16%
7
25
Jan
10%
21
27
13 ¥2 Apr
Jan
73 ¥2 July
Jan
643/4
10% Feb
29 ¥2 Feb
Jan
8%
1
36 ¥2 Apr
22
9
14% Mar 13
753/4 Jun
20
8
Feb
16 ¥4
7
Feb
1073/4
19
25 ¥2 May
653/4 Jun
61 ¥2
57
Jun
Jan
7
54
56 ¥2
•263/8
110
4
61%
56%
Jan
3
Jan
54% '
56%
Mar
Jan
33%
.56%
112
108
33
56 ¥4
Feb
Dec
6
16
35
Inc
$4.50
43
115
Jan
54
$4.25 preferred
Standard Brands,
Dec
112
41
preferred A
$4.50
Jan
36 ¥4
16
42% Feb
July
96
Feb
6
Sep
12 ¥, Mar
1093/4 Nov
Xl08¥2 Mar 23
109
Jan
July
114
21
105
37 ¥2 Mar 16
l3/4 Mar
47 ¥4
Nov
9% July
Dec
3¥8 Mar
Jan
13
114% Jun
3
3 7 ¥4
?
35
533/4 July 17
407/a Jan
61 ¥4
3%
183/a
.100
543/4
3%
Jan
Jan
tr ctfs
62
3%
11%
No par
55
3 ¥2
19
3
preferred
conv
1.230
62
Feb
10
Sperry Corp (The)
Spicer Mfg Co
713/4
35%
23
3¥4 Jan
Spencer Kellogg & Sons
71
1103%
*113 ¥2
$5.5 J
Spiegel
11V*
Oct
5
9% May
21%
28% Jan
Spear & Co
38,500
35%
28
•
-.1
Sparks Withington
11%
*59
Jan
Jun
20
Mobile & Ohio stk
11%
112%
Dec
20 ¥2
9
No par
preferred..—...100
61%
3 ¥2
55
60 ¥2
63
28 3/8
Jan
193/4
8
14% Jan
Railway
54%
3 ¥2-
3%
54%
37
1133%
*29%
5%
5
34% July
24 ¥4
Lines
5
No par
100
'
70
72%
30
July
3
18
26
48 ¥2 Jan
Southern Pacific Co.
Southern
July
Jan
5¥a Apr
173/4 Jan
25
par
Jan
Edison
17.300
5%
12
17 ¥4 May
Nov
Southern Natural Gas Co
26.300
Oct-
Jan
Jan
32
South Am Gold & Platinum
Southeastern Greyhound
Jun
7 ¥2
¥2
Iron
Jun
9
8
17
14% July 17
30 ¥2
*7%
8%
*7%
*70
17 ¥4 Jun
3
27
26 ¥4
19.500
113/8 July
29
Jan
Jan
29%
6%
8% Feb
13
12
27
6%
14¥4
15
30%
7 ¥4
Sep
27 ¥4
Socony Vacuum Oil Co Inc
293/4
67/8
12 ¥4
293/4 Jun
31
7
18 ¥2 July
12
27 ¥4
6%
Jan
Apr
26%
63/4
13
•23
30%
170
39 ¥4 July
No par10 -
30%
5.500
32 ¥4
Feb
Typewriter.No par
Corona
27%
<
Jan
343/8
7
3
July
15
30%
i
11% July
25 ¥»
39
No par
Steel
26 Va
65
Jan
35% July 10
May
No par
Corp
30%
*64
5 ¥2
Jan
-No par
preferred
Southern
Feb
15% July
8 ¥4 Jan
July 19
8%
70
933/4
28
15
South
Feb
Jan
3
Skelly Oil Co
Sloss-Sheffield
&
8.100
98
36
July 12
$1.20
Dec
Jan
80
27
Sinclair
20 ¥3 July
July 15
15 ¥4 July 10
No par
(A O) Corp
4%
Nov
7 ¥4
15% July 10
99 ¥2
333/8 Jun
Smith
31
59 ¥a
833/4 July 20
19
Smith
4%
4
Jan
24
60
30 ¥2
Jan
10
85 ¥2 Apr
24% Apr
600
4%
Dec
23
1,800
32%
76
5
No par
27
*31
July
100
No par
23
43/4
32
Apr
15
Coalition Mines
37
42.300
Oct
9 ¥3
Simonds Saw & Steel
27
13%
88 ¥3
Jan
Simmons Co
36%
133/a
15
63
15
*22%
13%
Jan
No par
No par
(W A) Pen Co
27
13 ¥4
Jan
5%
Jun
Shell Union Oil
23
263/4
84
No par
pref ser A
3 6 3/4
*223/4
363/4
73 ¥2
1
.No
(Frank G)
Sheaffer
July 17
11
12 ¥1 July
2% Apr
preferred
conv
*15%
27 ¥4
*150
13 ¥2
54
$5
$3.50
1013/4
99
No par
Sharpe & Dohme
16
22%
37
373/8
151
200
143/a
Apr
Jan
20
new
Steel Corp
*15 w.
36%
43/4
383/4
10%
Jan
3
1
26 ¥4
*64
6%
6%
14 Va
14%
39 ¥4
32
5.000
31%
Jan
14
95 ¥2
3*2 Mar 17
Sexvel Inc
Sharon
5
3
5
543/4
55%
65
*26 ¥2
4¥4
5
213/s July
102 ¥2 Mar 24
% Jan
Corp
25%
26%
54%
.
133/a
24%
Oct
Dec
No par
29%
30%
25 ¥1
31%
263/4
13%
43/4
313/8
43/4
30%
16
380
75
75 Va
*3% ^■-4
*3%
263/4
36%
13%
24%
243/4
30%
22%
27
13%
3%.
*52
26?/4
*26%
37 ¥4
27%
n
*15
153/4
36
27%
32
36%
*15%
27%
37
4 ¥2
32
153/8
24%
2.700
13%
13%
93
74 3/4
100
Seaboard Oil Co of Del
163/a
74 ¥2
Jan
Jan
100
,10
12,000
13 ¥4
54
14
38%
153/8
25%
112
21%
*74
Jun
69%
No par
No par
109 ¥2
*16
•
75%
38%
14 ¥2
38%
13%
*52
20
21
31%
31
26
133/4
54
*52
54
900
42 ¥2
Corp.
94%
153/4
Sep
May
42%
1
13 ¥a July
Jan
10
100
Sears Roebuck & Co
15%
13
100
108
Distillers
5 ¥2% preferred
Scott Paper Co
$4.50 preferred
$4 preferred
Seagrave
21%
*52
Schenley
6.200
21 Vt
*74
8.700
2.400
21%
12%?-
9.200
180
5%
213/s
74%
8',
•32%:
2.200
114%
95 ¥2
21 ¥4
Jun
No par
100
..5
23%
20%
75
non-cum
5 ¥4
20%
100
63/4 Jan
No par
Francisco^
preferred
Louis-San
c23 ¥2
95%
19%
87
1
Joseph Lead
6%
5¥a
20 3/8
.
No
Safeway Stores
5% preferred
Savage Arms Corp
52
20
Jan
9
1
(The)
23%
21%
*74 ¥2
Co
1.600
20%
-
Typewriter
$2.50 conv preferred
280
50
1¥4
33%
13%
Jan
12
24
No par
73/4
*49 ¥2
Jan
14 ¥8
7
July
99% July 27
18
No par
Mines
Company
Antelope Copper
31%
50
6
Dec
Nov
July
1
Mfg
223/4
*49 ¥2
86 ¥4
Apr
1
7-%
■
Jan
Jun
•
10
Tob class B
Common
31 ¥4
■
20
3
Mar
17% July 11
8 ¥4 Apr
16
100
*22 ¥2
*22%
80
993/4 Jun
No par
Spring
Reynolds
30
9%
Jan
Nov
6%
10
Reynolds
6.500
14 ¥4
66 Yt
100
preferred
2.900
'
30
Jan
20 ¥1
19
7
No par
100
100
Reynolds Metals Co
5V2% conv preferred
13%
15
'
*14
2.600
16%
Jan
3¥a
100
Copper & Brass
preferred
33
16%
22 3%
20
21% July 11
Feb
9
..No par
6% conv prior pfd ser A
Revere
39
10
9%
15%
"
120
81
13%
25
70
70 ¥2 Jan
1
Inc
*37 ¥2
13%
33%
35
130% July 20
x837/s Mar
100
preferred
conv
32%
13
25
Saratoga RR
Motors,
6%
210
14%
&
Republic Steel Corp...
900
/:
11%
14%
,
Reo
50
14
*80
33 ¥a
16%
2.100
11%
19%
*98
11
Preferred with warrants
Rensselaer
32
Aug
22% May
Jan
12 ¥4 July
11% Feb
147/a Apr
Jan
30 3/4 July
7
Jan
18
Jan
26%
■■
• '
-
*101 ¥2
'
—.
14%
82
'
,
1013/4
98 3/4
98 ¥2
10%
13%
11%
20
19%
101 %
82
973/4
11
82
11%
*1013/4
•
98%
*37
•"«
No par
10
19
¥2
143/a
8
38 3/8 Jun
50 ¥2 Jan
100
16
*92
'
•90
July 10
33 ¥2 July 24
'20% Mar 21
2
5% Jan
100
18%
10%
*973%
26
Feb
27 ¥4 Jan '
19%
19%
—
Jun
5
16%
11 ¥.
—
15 ¥a
50
183/4
j
183/4
Jan
2nd preferred
98s/a
923/4
11
11 ¥4
3
20%
163/4
99%
1013/4
18
13
'
923/4
Jun
3
323% Jan
18%
'
19%
*98%
Dec
29%
15 ¥2 Jan
(Robt)
Jun
101 ¥3
Jan
50
Preferred
10 ¥a
Jan
21
'28
25
Hosiery
12% May
71 ¥4 Oct
Jan
54 ¥4
50
Silk
Jan
Jan
3 ¥2
33 ¥2 July 10
1st preferred..
A%
400
11
*130 ¥2
130% - '
130%
: '
103/4
11
4%
59
3
3
non-cum
4%
V
July 12
10% July 10
107% Jan 17
28 ¥4 Jan
•
non-cum
Reading Company
3.000
37 ¥2
*130
132
'
17%
*18%
20%
V
19
12
76% July
12 ¥4 Feb
.100
preferred
conv
Rayonier
1,800
15 ¥2
mm
Raybestos Manhattan
300
•
323/4
v
17%
303/4
30%
11%
132
60
*32
//v
37%
10%
11%
-
.
30
30
10%
90%
15 ¥2
Radio-Ketth-Orp"
15.800
31 ¥4
Corp of Amer
conv 1st preferred
$3.50
800
'
17%
*37
;
9¥a
90
Radio
54.100
74 ¥2
.
31 ¥4
;
'
10s/8
Jan
31% Mar
66
May
7¥a Jan
14%
4 ¥4
Jan
14
Jun
July
14 ¥2
Dec
*17
Sep
68 ¥2
/
May
July
6% Jan
5%
Jan
48%
Jan
122
Apr
4% Nov
33/4
Jan
12%
Jan
58 3/4
Feb
Jan
14%
26 y4
43/4
Jan
Feb
22 ¥2
Jan
27 ¥2
Nov
22%
Feb
4% Jan
10% May
15 ¥a
Dec
63 ¥2 Mar
130
Sep
6
Oct
73%
Apr
22
May
82
May
32 ¥4
12 ¥2
July
July
Jun
27 ¥2
Nov
33
35 ¥2 Apr
35 ¥2 July
8¥a May
,
t per
t per mare
t per
share
> Year 1943
Bangre since January 1
STOCK
YORK
NEW
for
Lowest
Lowest
Highest
t per share
t per share-
EXCHANGE
the Week
Par
Shares
I per share
t per share
$ per share
share
Sales
-
July 28
July 21
July 26
July 25
Friday
Thursday
Tuesday
July 21
July 22
Range for Previous
STOCKS
AND HIGH SALE PRICES
Wednesday
LOW
Monday
Saturday
Monday, July 31, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
J per
share
Highest
4 PeT sharp
T
8%
8%
*46%
47%
9
*8%
*46%
11%
*46%
47%
*46%
47%
6%
*5%
6 Ye
*5%
6%
47%
11%
47%
11 %
48%.
11%
•
34%
34%
5%
34%
11 %
47%
48%
5%
5® 8
16%
17
10
10
9%
24 %
21%
24%
21%
21%
57%
57%
■58
-
1
8%
5%
41%
41%
3%
3%
3%
15% / 16%
105%—;
105%
L
21%
*56
2.200
9%
9%
51
*49
2.300
9%
'
>.
51
5%
5%
5%
5%
5%
5%
13
.12%
12%
12%
42%
*12%
12%
43
43
*42
42%
900
L4, 43
3%
24%
*24%
15%
15%
16%
105%
105 %
105%
/
3%
25
42%
3%
25%
3%
<
25
43
,
3%
15%
16%
105%
■
4.300
3%
v
600
25
25
25
-15%
16%
11,300
106%
106%
106%
320
16
15%
105%
105%
I
3%
3%
*24%
.-
29%
28%
29%
29%
29%
29
29%
29
29%
28%
50%
49%
50%
50%
51
51%
51%
51
51
51%
51%
9%
9%
9%
9%
20%
20%
20%
21
20%
2D/4
16%
16%
16%
16%
16%
16%
16%
4%
4%
4%
4%
4%
4%
4%
9%
9%
21%
21%
3.400
16%
16%
16%
16%
4%
4%
4%
4%
9%
9%
97
97
97
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
17%
18%
17%
17%
17%
18%
18%
18%
17%
18%
24%
25
24%
25%
25
25%
25
25%
25
-
25%
32
105%
'
31%
32%
105%
110
*105%
110
*105%
32
97
*
31%
105%
105%
18
1.700
24%
32 %
105%
10%
18
25
14.400
32
2.000
31%
•
106:/
*105
.
12% Jan
13
50% Feb
4
5% Jan
'6
100
21% Feb
13%
13
13%
'3.900
Twin Coach Co
64%
63%
63%
63%
*63
63%
62%
63%
.1,000
Under Elliott Fisher Co
11%
11%
12
11%
63%
12 V
11%
11%
113/4
4.700
64%
11%
12
11%
80%
81
3
1
17
28% Jan
100
3
4
,Jan
preferred—
5% Jan
5
68% Jan
*4
1
13
64%
8% Jan
100
13%
641/s
'4
Jan
"15% Mar
No par
preferred
prior pfd
No Par
Twin City Rapid Transit——No par
13
12%
4
3% Feb
"85
—No par
Fox Film Corp
14
Jan
35
July
Oct
53%
Jan
2%
52
.
3
8
B
4% July
28% Jun
17
July
Jan
Dec
July
*
9%
33% Jan
July 13
6% July
95
Jan
4
May
9
■9% Jun 29
54
8
Jan
49
Oct
Sep
May
6% May
Jan
8% Jan
15
July
26
26%
Feb
34%
Dec
5
1%
Jan
3
Mar
Jan
26%
Jun
16
30
9% Jan
T
94%
107% May 29
15% July
103% May
Jan
30% July 10
23%
Dec
34% Mai
52
6
40%
Jan
50
22
6%
Jan
10% May
25% July
July
10% Jun
23% July
18% July
15% Jan
6
11%
16%
Jan
1%
5
July
Jan
Apr
"
$4.50
7%
3
24
13
*
17% Apr 25
12% Jan
5
:_5
$1.50
230
Jan
43% Apr
8% Jan
25
par
—No par
No par
_1
Corp.—
12%
12%
13
LI
preferred—
Truax-Traer Corp
6
•13% Mar
No par
$6
Rayon
2
-2
,
7%
13
4%Jan^l9
113
3
97%
12%
11
*3
20th Cen
1.200
31
Feb
7 V#
i
19
Jan
100% Jan
97%
•
Apr
$4.50 conv preferred..——No par
Tlmken Detroit Axle
10
7%
*7
Jan
7
43
44% Jun
Roller Bearing—.—No
6%
5
July 12
9% July 7 7
4
97%
1///
92
1
10
-
24% July
58
53% July
"
10
7
96%
13% July
28% July
Jan
97
97%
Jan
32% Jan
7%
97
7%
16% Nov
13% Mar
96%
97%
18
11% July 10
Transit Corp-No par
96%
7
97%
Jan
13
Tubize
300
8%
'27% July 15
Tri-Continental Corp
2.000
10%
...
19% Mar 16
32% Apr
14% Feb •>4/
'11% Jun
:
60
97
♦96V#
97
.,
41% July
9
,'Transue & Williams St'l
700
Dec
A
Transcont'l & West Air Inc
7.400
33%
8% Feb
preferred
96%
12%
7
6%
6%
7%
7
32%
32%
31%
32%
110
*96%
97
*96%
97
*96
r
.
.
Transamerica Cotp__
10.000
21 %
4%
.
9%
21
16%
i
6% July
37% July 14
19
Thompson. < j R) 1
25
Thompson Products -rNo par
Thompson-Starrett Co
No par
$3.50 cum preferred
N< par
Tide Water Associated Oil-—
10
Tlmken
2.500
%
21%
21%
9%
:/
2,900
29%
50%
9%
.
Jan
17% Jan
_
Third Aven,ue
400
■
—
—
$3 dlv conv
700
*12%
5%
5%
13
Jan
3%
Na par
No par
preferred
Thermoid
80
8%
41%
5
LI
Mfg Co
conv
Preferred
50
8.200
8%
5
10
6% July
100
,
The Fair
300
,
109
*49
51
$3.60
60
13% May
50% Jan
No par
Thatcher
400
-
Jan
12% July
7
10
Texas ti Pacific Ry Co
24
Apr
5% Mar
28
Texas Pacific Land Trust
8%
8%
8%
5.200
*106
108
108
8%
4.200
9%
*8%
9%
*8%
108
16%
9%
10
Jan
4% Feb
No par
Sulphur
16%
16%
Jan
3
10% Mar 29
Pacific Coal & Oil
Texas
29%
9%
Texas Gulf
57
35
*
3%
105%
*20%
57%
8%
51
15%
C
23%
21%
57%
*49
24%
25%
*24%
24%
*20%
*104
8%
42
41%
*24
21%
58
13%
*12%
13
9%
*56%
9%
*49
6
*5%
5%
.
*12%
16%
10
25
34%
35
34%
*21
106
8%
.
51
*49
49
49
8%
8%
8%
106
108
*105
liO
3.400
Jun
45
35
45% Feb
Corp
(The)
8%
5% Jan
19
Mar 17
67/« July 12
No par
Texas Gulf Producing
17
21%
*8%
8%
8%
9%
*8%
105
Texas Co
24%
24%
*56%
Tennessee
35
58
21%
-
3.600
8.100
5%
8% Jun
49
3
12
42
25
11%
5%
5%
5%
5
Jan
Jan
4% Jan
50
5
5
partic preferred
Telautograph Corp
400
48%
11%
43%
■
1
*
5%%
6
9
Talcott Inc (James)
300
:
47%
1
6 ;
9%
10
24%
24%
21%
23%
*46%
t
16%
16%
16%
10%
9%
5%
8%
35
35
34%
35
17
16%
*50
11%
47%
5%
47%
11%
47%
11%
47%
5%
*8%
9
47%
6
11%
47'/?
5%
•
*5%
*11 %
5%
*8%
*46%
47%
6
6
*5%
8%
8%
8%
*8%
'
8% Jan
6
51 % Jan
10
5% July 10
98% Jun
69
21
4% May
90
Jan
6%
12%
Jan
33% Jun
13
25
Jan
July 21
99
Nov
11
Mar 25
106
8% May
102
May
May
9% May
Jan
26% July 10
20% Jun
'
26
4%
5
Oct
9%
Jun
Jan
77%
Jun
Jan
6%
14% July .1.0
July
34% July
101
Jan
67
5
24%
11%
Jun
u
81
108%
108%
80 %
80%
80
79%
116%
*115%
116%
116
116
*114%
116
113%
113%
113%
113%
113%
113%
Xll2%
112%
19%
19%
19%
193/4
19%
19%
19%
193/4
108 %
109%
108
*
108 3/4
1083/4
99%
108%
993/4
99%
99 %
*99%
99%
99%
99%
28%
28%
28
28
28%
28%
28%
28%
28%
*105
105%
105%
105%
105%
29
29%
29%
30%
293/4
28%
28%
106
105%
29%
28%
67%
273/4
28%
28%
28%
105%
105%
105%
105%
25
113
Feb
19
116% Apr
No par
109% Feb
5
25
18% Feb
3
20% July
Preferred $4.50
30%
30 3/4
4%
11.400
22%
113%
30
*113
113%
22%
*21%
5%
69%
68%
Biscuit
United
600
5%
United-Carr Fast Corp
23%
700
1%
1%
1%
1%
1%
1%
l3/e
1%
1%
1%
48.100
35%
34%
35%
353/8
353/4
353/8
35 %
35%
35%
9.700
$3
15%
15%
15%
15%
15%
16%
16
16
153/4
15%
15%
15%
3.700
United
104%
104%
104%
*103%
7%
55 /
85
11%
105%
84
11%
79%
6%
12
47%
*46
*9%
35%
1%
1%
50%
57
57
*74%
*75
58%
*130%
131%
26%
26%
47%
77
*46%
3%
16%
41
7
7
233/4
7
7
23%
l
23%
111%
8%
7%
*111
8
*35
36
*46
46%
46%
41
40%
.
*40%
41
13/4
1%
51
51%
51
137
137%
137'
59
*57
77
59
131%
*75%
58%
59%
1%
51
1373/4
52
9.200
57
58
*57 M
763/4
76%
*75% r'77
58%
59%
58%
131%
130 %
26 3/4
263/4
47%
33/4
334
3%
3%
99%
*16%
17
16%
3%
3%
100
16%
33/4
3%
,
58
800
48.600
131
263/4
2.000
46 %
Preferred
Preferred
3%
1.700
United
3%
33/4
3%
33/4
5.400
25
1
United Stores class A
99%
*98%
99%
400
♦163/e
163/4
16 %
600
Stookyards Corp
5%
5
5%
37%
*36%
38
*36%
38
*36%
38
140
i
75%
75%
75%
*74
75
*74
75
120
Universal
*168%
169%
*168%
169 %
168 %
168%
*168%
169%
20%
20%
20%
20%
20%
20 %
20%
20%
*168%
5%
800
Laboratories
Universal
1
Inc
169%
*168%
169%
20%
19%
20%
7.600
Vanadium Corp of Am
12
11%
11%
1.200
8%
3% Jan
31
Jan
4
par
68
Apr
27
100
preferred
162
Mar 20
v
11%
11%
11%
11%
46%
46 %
*46%
*117%
13%
119
48
11%
*46%
rj,
48
.:
12
*46%
48
118%
118%
118%
*118%
119%
*13%
13%
13%
13%
13%
13%
49%
*48
83%
*78
83%
*76
83%
85%
85%
*84
85%
*84
85
24
24
*23%
24
*24
24%
49%
*78
:■
*117%
13%
*48
*11%
11%.
48%
48%
47%
<
48
20
*11%
*46%
*,118%
13%
*46%
48
119%
133/a
47
46%
46%
200
!118%
119%
10
*13%
13%
46%
78%
80
80%
*80 %
85
84
84
*83
84%
24
24
77%
24%
24%
*4%
4%
25
y4
'
I
9% Jan
5
preferred
100
Vertientes-Camaguey Sugar Co_6%
1st
5 v
!
Vick Chemical Co
140
Vicks Shreve & Pac Ry
20
5%
100
100
5
preferred
non-cum
1.000
Va-Carolina
.'
Victor Chemical Works
2.100
25%
17% Jan
2.50
600
46%
83%
*84
2,200
"
4%
58%
*116%
4%
4%
58%
116%
43
57%
-
116%
43
*42
116%
4%
4%
4%
58%
4%
58
58%
58%
59
4%
117
*42 %
44
*42
44
*42
*38%
35%
38%
351/8
*38%
38 %
*35
35%,'; '•
38%
*38 Va
38%
*35
35%
35%
35%
353#
35%
35%
35%
*118
57
510
44
38%
*54
60
116%
43%
38%
*118
*150
4%
116%
38%
165
60
-
116%
38%
*150
593/4
4%
*42 %
43
*38%
*118
*59
*118
165
*150
165
*150
*116%
117
116%
*118
165
v
290
20
500
•
■
900
*118
*150
117
*150
Sep
Sep
105% July
6
94%
Dec
96
Dec
2%
Jan
9
Jan
38%
Jan
66
July
9% Jun
27
62% Jun
26
11% July
6%
Va
Chemical
——No par
div partic preferred
El
&
Pow
5
29%
>106
53%
*18%
8%
For
*54%
57
56
56
11%
11%
11%
11 %
11%
29%
29 %
29%
29
29%
29%
29 %
107%
*106
107%
107%
107%
107%
*106
53%
53%
53%
53%
18%
*18%
18%
*18%
18%
8%
8%
8%
8%
8%
54
footnotes
see
page
447.
*56%
12
54
58
*56%
58
12
*11%
11%
29
*106%
29
*29
108
*107
54%
*54
54%
*18%
18%
*18%
18%
8%
9%
8%
56%
*11%
$5
pref
5%
Va Iron Coal & Coke
.'
pfd
100
100
100
25
25
100
Virginian Ry Co
6%
preferred—
Vulcan Detinning Co
:
100
preferred
Walgreen Co
4%% preferred
100
No par
No par
100
Walker
No par
Preferred
9
*54
18%
8%
12
29%
108
9
Wabash
RR
Waldorf
System
800
.
,
54%
18%
4%%
200
1.400
56%
100
1.500
«
1
;
100
16.500
(Hiram)
Div redeem
Walworth Co
5% Jan
33% July 14
23%
89
60 % Mar
July 13
2% Jan
Nov
2%
Jun
16%
Jan
99
3
Dec
9%
35
Jun
Apr
76%
Sep
2%
Dec
29%
Dec
15% July 20
39% May
105
3
July 28
6% July
3% Jan
5
100
Dec
5%
Apr
5
4%
Jan
13% May
105% July 11
84%
Jan
99%
17
9%
Jan
19
27
59
Jan
75%
Mar 13
168
Dec
181%
Apr
Jan
10%
Oct
44%
Nov
12% July
21% Feb
88
180
Jun
5
5%
May 20
39%
43% July 11
28
Jun
4
8% Jun
25% July
9
10
42
Oct
x42% July
Jan
7% Apr
19% Apr
Jan
Jan
108
114
Oct
July 12
4%
Nov
8% July
July
8%
Nov
9%
6
Jun
27
29%
Jan
37% May
July 20
2*%
Jan
42
July 10
32
Jan.
44%
37% Jun
47
•
13%
3
112% May 31
Dec
Julj
Jan
30
2% Jan
li
20
Jan
25% Jan
54% July 14
July
Jun
3% May
46%
Sep
142% May 18
101
Jan
130
Dec
61% July 13
46
Jan
62
May
77
,
64%
Jan
47%
July 20
63% July 10
Jan
74
Nov
59% July
Jan
112
8
125
July
Apr
20%
Nov
29
23
42%
Jan
50% Aug
4% Jun
29
1%
Jan
3% July
4% Jun
20
%
Jin
48% Feb
3
July 25
18% July
5
July
5
39% July
3
78
169
July
Feb
7
25
37
4
4
3
Jan
116% Jan 28
12% May 15
41% Jan
25
63 % Jan
70
Feb
21% Jan
4
Feb
52
Feb
113% Jun
38% Feb
37
Jun
33
Apr
102
Jan
149
Feb
15
11
7
4
.
9
14
23% July
.
Oct
3
Oct
56
Jun
88
13%
Dec
20% July
2% NiV
6% July
30% Nov
59 %
Jaa
Jan
150
>
41% July
75% July
165%
Nov
G & W
12%
Feb
37%
Oct
Mar
120,;
Oct
39% July 24
40%
Dec
44%
Oct
119% Jun
14% July
12
preferred—
No par
No par
115
5
80% July 27
51
Jan
65
85% July 21
57
Feb
67% May
25% July 13
20
V2 Nov
5% Mar 24
62% July
117
5
Mar
7
15
35% July 21
120
Jun
155
July
Aug
Feb
Jan
6% July
39
Jan
68% July
20%
Jan
27
Jan
2%
29% Jan
Oct
Oct
Sep
27
Jan
110
Aug
6
113
Jan
150
Nov
107% July 26
40%
Dec
24 y2
Jan
7%
Jan
11% May
20%
Jan
28% July
103
Feb
109
Jun
Oct
Jan
54%
15%
Jan
18% May
4%
Jan
9% Jun
July 14
38 V2
18% May 26
27
10 % Jun
45
40
35%
80
59% Mar 13
12% July 10
30
May 25
55
26%
July 26
52
Feb
4
17 % Jan 12
7% Jan
3
48
25% July
Jau
Jan
39% Jan
Jan
3
10% Jan 19
26% Apr
1
105% Mar 27
Jan
8"%
21
19
4
40
15%
25%
17
14
5
13% July 11
47% July 21
/'■//;/ W
11%'
■a
=
No par
Van Raalte Co Inc_
7%
.
par
Van Norman Co
10
5
15%
27% July
No
Leaf Tob
2% May
35%
May 18
No
Preferred
;
Jan
4
5%
Jan
Jun
Jun,
Jan
6
74%
ii
x26
7%
100
*36%
1
July 10
May
Jun
69%
17%
5
5%
Jan
114
5
18
4
74%
18%
1% July
2% Apr
:
Jan
21
22 %
Jan
55%
Jan
Jun
33% July
17% July
37
76 * Jan
14% Jan
37%
5%
x
26
5
I
preferred
conv
5%
5%
22
109%
11
135% July
44% Apr 26
2% Jan 28
114%
Jan
No par
Universal-Cyclops Steel Corp
I
$6
37%
5
16
13
Jun
70 % July
Oct
May
6
22% July 28
114
Oct
28% Mar
Jan
27
xll9%Jan
No par
preferred
non-cum
*73%
5%
100
-
U S Tobacco Co
75%
38
50% Apr 19
U 8 Smelting Ref & Mln
74%
*5
"38
-50
10
100
50
97
40
Jan
17%
July
13% July
30%
40%
35%
1 >
T„No par
1st preferred
99%
16
93%
32% July 13
117
48
^
114%
X24% Nov
106% July 21
7
Apr 19
Jan
3
Apr 18
Feb
2
40
Feb
7
130
Jan 13
52% Feb
7
69
May 25
Co
non-cum
1%
par
20
r10
1
.
U S Steel Corp
180
3%
July 20
4
8% Jan
42
Jan
No par
Foundry
Co
U 8 Rubber
8%
Mar 28
Jan 10
34 % Apr 24
5\ Jan 19
16% Jan
3
110
Feb 10
5% Apr 24
8% Jan 25
10
U 8 Pipe &
2.800
263/4
46%
70
170
1
Preferred
100
58 34
7% Feb 10
97% Jan
4
14% Jan 3
.Nonpar
100
preferred
U S Lines Co
;2.500
77
X130
Partic & conv cl A—
Prior
tU S Realty & Impt—
' 137
58%
—No
:
100
1%:
59%
preferred
conv
900
;
51
47%
100
*1%
3
9
100
5
50
U 8 Playing Card
U 8 Plywood Corp
100
40%
-
19
98% Jan
4
Feb
-20
—
,
preferred.:
U 8 Leather Co
500
1.700
46%
137
48
'
10
36
513/4
27
3%
■
1373/4
47%
3%
*9%
1%-
*26%
27
17
52
137%
*40%
132
47%
■
13/4
17.300
1%
5%%
20
8%
*35%
9%
131%
47%
100
41
9%
132
26%
3%
*46
8
600
3
28% Jan
U 8 Industrial Chemicals——No par
2.000
112
5
12
1% Jun
No par
U 8 Hoffman Mach Corp
;•
1.700
23%
*23
111%
111
•
1.600
12
47
58%
3%
*16
16%
47%
*40
36
*75
100
*98%
*46
40%
35%
50
27
3%
3%
12
47%
40%
35%
47%
3%
3%
100
12%
*46
10
■
3%
*98%
*12%
9%
132%
132
12%
47%
41%
75% Jan
.—No par
V 8 Gypsum Co
10
:
Faperboard
$8 1st preferred
900
79%.
180
10
58%
26%
*46%
58%
57%
*179
180
8
1%
..
137%'
*57
77
57%
-
6 "
1
U 8 Freight Co-
2.200
17
79%
793/4
i
26% May
U S & Foreign Secur——-No par
50
19
Jan
100
10
preferred
4.000.
11%
16%
17%
5%
2.400
105%
7%
*40%
51
137
11%
*105
3
3
19
18
4
5
14 ^ Jun '8.
United
5%
5%
35%
1%
50
137%
49%
*137
23%
111
380
Jan
Apr
Apr
Jan
Feb
8
No par
United Merch & Mfrs Inc
:. 1.800
11%
*79
180
36
105
105%
17
United Gas Improvement
Jan
45% Apr
.
—No par
L
5
May
1%
31%
12%
95%
6
•/H-W
500
36
■
11%
79%
13.700
8
...
*46
41
1%
23%
:
*105
17
1%
,1
4
Mar 93
22
.-5
Engineering & Fdy
Fruit Co^
10
50
*39%
41
*39%
63/4
112%
73/4
35%
*46
50
40%
7%
23%
10
35%
35%
40%
*111
7%
*9%
10
*46
23%
112%'
7%
7%
7%
7%
*63/4
>23%
*46
47%
40%
*111
12%
12%
,
40%
*6%
112%
79%
11%
United
United
105
61
1
500
15
110
par
!5-
Cos..
3.100
;
20% May
par
100.
Coal
Electric
313/4
36%
8
United
84%
14%
30% July 11
No par
preferred
Dyewood Corp.
Preferred
3.900
104%
36
105%
United
■r/'-'31%
1%
15
104%
6
*179
39%
23%
23%
*111
12%
*46
7
17
79%
79%
'12
39%
*105,
17
*179
47%
39%
11%
11%
16%
36%
.
1%
1%
*14%
104%
5%
105%
163/4
12%
12%
36%
6
*1043/4
11%
1%
15
104%
104%
6
*179
*46
14%
36
35%
*104%
105
1%
1%
15
10%
Jan
25% Jun
6
100% Feb 24
22% Apr 18
102 % Jan 19
5
833/4
31%
83%
6
79%
79%
79%
31%
84%
35%
16%
*179
10%
31%
104%
105
16%
16%
.1'
31%
1%
11%
11%
*104%
10 Ygn
10%
Jan
28% July 20
No par
No par
No par
_
Co—I'
Drug
$4.75
40
60
84%
*14%
6
6
5%
10%
5-3*55%
Corporation
preferred—
200
7'%
57
United
900
-
104%
73/4? «M*7%-
7%
*56
84
1%
*104%
104%
10%
10%
*1033/4
104%
*103%
7%
58
31%
14%
35
35%
35
104%
104%
31%
1%
15
7%
*55%
83%
14%
1%
1%
*14%
r
56
31%
83%
85%
*
*103%
8
/7%
56
10%
24
84
*31%
32
*31%
„
10%
10
•T 10%
10
,55
24
21 V2
105
105
7%
7 Via
7%
•V
*55% :i 58
2t%
24 V2
24%
No
United
34%
24%
1%
79%
24%
100
—100
Carbon Co
300
67%
36
24%
1%
7
102% July
1
100
No
Co
preferred——
conv
35
*24%
22% July
Jan
'
22%
67%
23%
68%
Jan
3
10
preferred
4%%
200
115
22%
Jan
15%
6
100
Apr
80%
Jun
5
Xl 18
Jan
105%
92% Feb
26
Feb
86% May
6
113% May 26
93 % Jan
Inc
Air Lines
113
July
11%
,
14
100
—No par
59
Jan
8
Jan
x76% Dec
5
20
111% July
preferred
conv
United
76% Feb
42
26
100
-
preferred—
non-cum
United Aircraft Corp
9.000
*114
*114
series
Union Pacific RR Co.
■
30%
pfd
Union Tank Car
300
-
Jun
13% July
No par
1.000
293/4
106
115%
*67%
70
99¥4
273/4
66
No par
1,800
99%
/
7„
82% Jun
Union Oil of California
% 1.800
99%
28
28%
*114
*663/4
70
*66%
67%
70
108
107%
1083/4
9#%
*273/4
28%
22%
22
*114
*114
108%
28
*113 %
114%
2P/4
22
*21%
22
*112%
114%
*112%
114
114
*21%
*114
*27%
28
*27%
9% Feb
,
Union El Co of Mo $5
6.100
79%
—No par
Union Carbide & Carb_
5.200
79%
No par
Union Bag & Paper
330
19%
19%
19%
80%
116%
113%
*113
113%
19%
80%
116
80%
116
116
116
*113
11%
♦rtf rrwjrt
_
.Volume 160
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4303
'
NEW YORK STOCK RECORD
LOW AND HIGH SALE PRICES
July 22
$
$ per share
9%
10
"1%
2
* per share
*9%
10%
*9%
1%
1%
*1%
*9%
1%
54
10
1%
*53%
54
54
54
S pejr
13
13%
13%
13%
13%
13%
13%
13%
55%
13%; 13%
31%
31'/a
31%
32%
*31%
32%
*31%
32%
32%
25
24%
24%
24%
24%
24%
24%
18
17%
17%
*17%
17%
*17%
18%
28%
28%
28%
28%
28%
29%
*29
29 Va
8%
*24%
24%
18
*17%
18
29
28%
29
9Va
13%
32%
24%
18
13%
32%
V
9
81
81
*91%
*103
v
.
*96%
27
91%
\
103
y
97
103%
V
♦
96%
97%
26%
25%
*97
106 Va
32%
32%
*32%
4%
4%
12%
*13%
4%
,
97%
*25%;
97
5
4%
5
'
12%
13%
13%
48%
48
48%
48 Va
V
25%
28%
28%
28%
28 Va iV 28 V2
25%
25%
26
100%
101%
100%
101
26%
*131
35
*31
*34%
31%
-
..
113
*106
106%
73
73
*102%
*70
78
78%
132%
*110%
»
*71
73
71
Y
29%
77%
78%
77%
78%
77%
21%
X21 %
27%
26%
21
21
*20%
21%
21%
26%
26%
26%
27%
26%
8%
8%
8%
*8%
9%
8%
8%
8%
8%
82
82
*7%
8%
7%
8%
9 :77
*110%
106
*71
20
78
78
*20%
21%
'-J
-27
9%
26%
9%
9
*29
8%
8%
8
16%
36%
16%
16%
17%
-
■
:.
9%
8%
8%
4,500
83
100
8%
r
17%
8%
60.600
21
20%
20%
20%
20%
20%
21%
20%
21%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
91
91
91
91
91%
91%
91 %
91
91
92
92%
1.500
13%
13%
13%
13
13%
12%
12%
12%
12%
12%
12%
1.100
22
21%
21%
*21%
22%
*21%
22%
40%
41
40%
41
41%
41%
41%
41%
13%
31
32
71 '
30%
30%
29%
71
31%
22
72%
*72
77
77
77
*74
79
*75
79
*68%
70
35%
70
69%
69
34%
34%
35
35%
35%
35%
-13%
'35
• 14%
13%
14%
14%
15%
14%
18%
18%
18%
18%
18%
19
18%
Mar
27
22
share
13
May
2% Mar
Jan
56
July
15% July
7% Jan
Dec
32%
Apr
Sep
15% Jan
23
12%
Jan
20%
17%
Jan
26
2%
Jan
17% Jan
8% July
26% July
69
Dec
July
Jan
79% Nov
8%
Jan
20%
Dec
50 Va
Jan
85
Aug
67%
Jan
99
57
Jan
109
Jan
.
Oct
87% Oct
119
11% Jan
Jun
16% Oct
103
Jan
19
Jan
31%
Dec
Jan
6%
Apr
2%
5
5%
3
53% July 10
Jan
110
;
Sep
«li% Apr
49% Oct
37%
Oct
31% July 10
28% July 10
22
Nov
15%
Jan
108% Jun 19
138
Jun. ?7
Apr 24
Feb
7
81
100
July
8
120
136
Jun
32
Jan
4
36
25% Jan
13
32
Jun
Feb
19
77
Jan
3
7
Jan
28
Feb
Feb
22% Nov
106% Jan
103
Feb
31
24
July 21
110% July 11
106% July 13
105% Jan 12
101% May 26
24%
Dec
24% May
40
July
29% May
112%
Jun
July 17
52
Mar
60
Apr
May 18
32% July 10
84% July x4
85
Jan
99
Oct
18
Jan
58% Jan
24% July
71% July
>
7
22
15
20
7
29% July 7
11
Mar 23
2,300
$6
24
"
"
Woodward Iron Co.
'
10
3
500
Woolworth (F W) Co
'
36% Jan
31
6.700
Worthlneton P & M (Del)—No par
•
Prior pfd 4%% series
100 ' *
Prior pfd 4%% Conv series—100
"
20% Jan
47% Jan
4
49
5
Wright Aeronautical
Wrigley (Wm) Jr (Del)
69% Jun
8
58
Apr 26
>
•
3
31%
30%
70%
*69%
72
71
79
*75
79
70
*68%
70%
35
•33%
34%
70%
500
71;v
700
20
700
.10
No par
No par
"
5
Jan
Jan
13% Jan
3%
Jan
2%
Jan
40
Jun
22% Aug
10% July
7%
Oct
Jan
86
Apr
*20% Jan
27
Oct
9% Apr
6
Jan
3
80% Jan
4
10% Jan
5
19% Apr 27
8
July 38
9% July 5
86
July 12
' 29% July 12
14
Feb
: 11% Jan
v
„
27
6
No par
No par
Co.—
26 '
Jan
Jan
4% Jan
r
v
1
.10
preferred.—i
Wilson-Jones
5
•
x64% Jan 24
,—5
Wilsoil & Co Inc.—
7% Jan 24
6.600
70%
*75
20
>
41%
35
73
*68%
3
Feb 10
Jan 20
22%
31%
70
*71%
70%
Jan
6% July
16% July
per
Jan
26
7
35% Jun 13
7
41%
41%
68%
7 70
72
*68%
*22
"22
72 '>.
72
73
71 "
*
-
41%
:
32%
72
73
;
Jan
"/•
Highest
i
Jail
3
18
10
107% July
•
1
WlllysrOverland Motors
6 % preferred (called)
15.700
*90
1
Apr 25
4%
July 10
28
4
Feb
31
24% July 12
19% July 6
30% July 11
10% July 5
25% Jun 19
83
Apr
5
25% May 3 J
93
July 19
106% July 5
97% July 25
117% Jan 10
*
-
.No par No par -
preferred
Wilcox Oil & Gas Co
1.300
16%
20%
10%
10%
12.50
White Rock Min Springs-—No par
White Sewing Mach Corp
1
%
$4 conv* preferred
No par Prior preferred—
20
50
30
16%
r20 %
*20
;
Instrument
White Motor Co
5,800
*29
8%
-
16%
300
6.200
27
*81%
30
8
16
600
21%
9%
*81% -.84
30
6.200
22
:
16% Jan
Wheeling ft Lake Erie Ry—
100
* 59%
5%% conv preferred..
J00 - 4 97%
Wheeling Steel Corp
No par
20%
$5 conv prior pref
No. par
66%
White Dental Mfg (The S S)
—20
<.18
104
78
84
7/
$4.25
580
74
♦102
Elec
$4.50 preferred
113
*105
Weston
Westvaco Chlorine Prod—No Par
£ 1.500
30%
8%
8
30
400
36
31%
29%
*29
8%
132%
"
31%
^
*81%
8%
*8
*35
30
30
.
16%
16
'
84 v'.':
8%
*80
*29
30
*29
29%
29%
8%
.81%
*80
,
:7
4.300
3
1
per share
■
30 %
21%
4.600
,5.300
>
71
29%
26%
1.000
16,400
27%
26
104
29%
8%
.13%
48%
No par - -
100 -103
—10
26%
100
3%
4% ;non-cum 2nd preferred
100 ~ 'V 7y8
Western Union Teleg class A-No
par - - 41
Class B—
1
No par
- 22%
Westinghouse Air Brake
No par 21
Wastinghouse El & Mlg
—50 '
X91
1st partic preferred
—^.50 - * 127%
2,300
6
9
83
Jan ' 3
96% Feb 16
Western Auto Supply Co
Western Maryland Ry
101
106%
*102
5
132%
Pajp Co
preferred—I
6%
10
1.400
,
J00
" 85% Jan
100 v-113% Apr
pfd
West Va Pulp ft
1.182
25%
.7;
113
106
104
*101%
•
31%
*110%
106%
West Penn Power 4% %
33
.
77 ,Jan
18% Feb
100 ^
preferred—
6% preferred..™
6
3
22 Va Jan 26
.—No par
'1%
2.30'
210
'100%
36
31%
113
106 %
25%
*21
*35
29%
28%
.78%
78%
132%
31%
104
*101%
104
28%
133
^ 35%
25%
27%
,26
31 Va
-
NO par
Jan
6% Jan
,
,
.420
!
107%
*12%
47%
;
101
35%
73
*70
73
.
*101%
.
29
25%
100%
i
|
23
No par
Indies Sugar Corp.—
.
.1
West Penn Electric class A._No par
*4%
28%
26%
50
15% Apr 25
West
-
%
13
'•}
200
27
Lowest
share
per
11% Mar
2
Apr
62
May
15
July
33% Jun
.
22% Apr 25
1
Elsenlohr^
14. conv {preferred
5.500
32%
48%
'
101%
*131
106%
106%
28
26%
31%
113
*110%
106%
.
v
104
28
.
113
106
p
13%
47%
48%
34%
31%'
32
13%
:
100%
:
133
.
*34
34%
31%
*110%
*110%
*131
133
*131
133%
*33%
25%
'
27
117%
*107
33
47%
101
;Y::
'
No par
5
...
Wesson Oil & Snowdrift
f
I
■
97 % '97%
26
5
4%
105
117
107%
32%
13
25%
117
33
47%
100%
r
9.7%
116%
33
33
28
;
•104%
*25%
-
13
*91%
*106%
*27%
47
91%
Webster
Jan
$
11%.Apr 24
22% Feb 14
par
Wayne Pump Co.
700
■■
23%
s 104%
26%
900
80 %
22%
91%
:
107%
*106%
80%
23
No
Waukesha Motor Co
9.100
,
45
Jan 27
1% Feb 9
..5
& Pipe.
Washington Gas Lt Co
1,100
23%
.
;
400
80%
104
116%
*23
<
Warren Fdy
300
■
preferred
8
Warner Bros Pictures.
19,700
9%
•V
$7
'
28%
9%
23%
.
*90%
103%
*115%
26%
106%
23%
,
91%,.
103%
115% 115%
107%
>.
*90%
103%,
4%
32%
9%
*80
23 Va
91%
26
4%
81%
93
*106%
107%
32%
24
*80
23%
92
f
103
26
*25%
*23%
81%
115% 115%
114%
"106%
23%
22%
91
97% i
114%
9%
*80
23
96%
.
9%
*23%
23%
92% fp
103%
9%
;<•
81%
*80
23%
9%
23%
23%
23%
23%
23
9
9
7.
No par
Year 1943
Highest
$ per share
No par
50
—
800
54
Lowest
Par
Ward Baking Co cl A
Class B
4Q0
54
.
Range since January 1
:
'
v
700
1%
32%
*24
18
9%
Range for Previous
STOCK
EXCHANGE
Shares
share
1%
1%
NEW YORK
the Week
9%
10
*54
••*24'/a
Sales for
Friday
July 28
$ per share
1%
53
53
Thursday
July 27
$ per share
9%
1%
STOCKS
Wednesday
July 26
July 25
share
per
9%
53
Tuesday
Monday
July 24
Saturday
5
2%
Jan
6% July
20% July
24% July
5
2%
Jan
9% Jun
5
11% July 10
96
July 10
14% July 14
24
July 6
42% July 17
33% July
73
July
73% July
/ 87% Mar
70
Jan
>
4%
9
9% Sep
Oct
Jan
57% Jan
86%
Jan
11%
17%
Jan
30 Va
Jan
24% July
42% July
25% Oct
17
16%
14
44% Jan
Jan
54
Apr
Jun
34
46
14
78% Dec
12
58% Jan
70% Sep
21% Jan
31% Sep
Jan
57%
108
Jun
Apr
Mi'
•'37%
'
38%
102%
102%
38
38%
103
103
' 39%
14%
15
14%
15
19
3P.%
18%
38%
18%
39%.
18%
38%
19%
39%
102.%
39
102%
38%
102
15%
101%
102
*16%
17
v
102
j
16%
16%
16%
16%
16%
17
17
17
39%
40%
40%
40%
40%
41
41 ■'■Y:
41%
5%
5%
5%
5%
5%
*
*Bid and
5%
5%
41%
5%
5%
;
fin receivership,
asked prices; no sales on this day.
a
102
c
*16%
:
7,000
*1,"
2.600
'
5%
Deferred delivery.
900
Young Spring & Wire
No
Youngstown Sheet & Tube—No
5%% preferred series A
Youngstown Steel Door
No
2.800
Zenith Radio Corp
5.300
r
Zonite Products Corp
nNew Stock.
rCasb sale,
s
Week Ended July
Shares
28, J944
837,270
Saturday
Monday
Bonds
Bonds
$4,470,000
$194,000
.
6
par
13
Jan
3
33% Jan
3
1
3% Jan
wdWhen distributed.
Special sales.
Jun 28
44% July 12
19
6% July
x-Ex-dlvidends.
y
5
264,000
$2,000
11,000
7,062,600
374,000
11,000
693,730
6,116,700
113,000
5,344,000
498,000
100,600
5,942,600
4,759,138
$36,745,200
$2,178,000
$237,600
Government
193,285
$380,000
$27,000
279,435
609,000
25,000
300,330
517,000
321,765
297,095
578,000
Friday
6,675,700
562,690
Domertlo
Thursday
7,617,200
7,447,600
446.000
Shares)
278,222
424,000
Saturday
Monday
6,813,700
402,000
$39,160,800
■•V
Tuesday
Wednesday
July 28 Y
1943
1,670,132
Total
$2,991,000.
7,725,540
4,759,138
158,752,490
S.
Government
Foreign.
Railroad
—
ft
Industrial
Total
98
17%
9% Jan
19% Jan
2
Jan
July
Nov
16% Jun
37% July
4% May
»
Foreign
Corporate
$2,000
•('
-
••
•
■
$409,000
639,000
519,000
7,000
592,000
1,000
484,000
18,000
9,000
451,000
$77,000
$26,000
$3,094,000
1943
1,670,132
1,536,600
Jan. 1 to July 28
1944
40,498,592
1943
50,601,697
Bonds
$237,600
$49,500
$4,044,700
$1,998,600
2,178,000
3,150,500
66,457,600
68,323,500
1,715,223,900
77,132,100
2,195,261,800
36,745,200
$39,160,800
i
on
•
TotaL
the daily closing; averages of representative stocks and bonds
the New York Stock Exchange as compiled by Dow, Jones & Co.:
are
Stocks
-Bonds—
10
39
20
18
Total
10
1
10
First
Second
10
Indus¬
Grade
Grade
Utili¬
trials
Ralls
Rails
ties
107.24
108.90
80.42
110.65
Total
'
Utili¬
Indus¬
July 22
*
Rail¬
trials
Date—
roads
ties
Stocks
40.93
23.32
51.95
145.58
65
110.64
40
Bonds
101.80.
101.74
41.03
23.40
July 25-——
41.68
23.63
52.53
107.31
109.00
80.62
110.70
101.91
July 26
41.41
23.70
52.44
107.38
109.03
80.65
110.70
101.94
107.34
109.19
80.46
110.35
101.84
107.39
109,25;
80.53
110.29
101.87
July 24
___
_
52.05
:
146.74
July 27—
July 28
145.77
_
_
$4,610,000 $116,547,000 $147,207,000
77,000
—
Stock and Bond Averages
listed
$4,343,000 $109,299,000 $137,065,000
162,000
6,601,000
9,252,000
105,000
.< 647,000
890,000
83,094,000
:
Foreign corporate
$69,657,600 $1,787,592,100 $2,274,392,500
Below
26,000
$2,991,000
Domestic-
Foreign government
41.51
23,81
52.51
146.14
41.27
23.75
52.28
107.26
108.82
80.25
'•
Total
206,985,300
Bonds
U.
41% July
Jan
7,000
1944
Stocks—No. of shares
Stocks—No. of shares
Jan
82
5,000
483,000
Jan. 1 to July 28
1944
1943
.
30
2,000
Week Ended July 28
Week Ended
Jan
Ex-rights.
Foreign
of
Week Ended July 28, 1944
$4,664,000
6,547,700
7,204,200
1944
"7%
Bonds (Par Value)
(Number
Sales
828,995
Total-
Jan
July 14
July 5
July 7
Stocks
831,423
—
96
Bond
1,005,030
Wednesday
Thursday
100
Total
Government
foreign
Bonds
.
par
20%
42%
104%
17%
Daily, Weekly and Yearly
United States
Railroad
and Miscel.
15% July 20
No par
Daily, Weekly and Yearly
Number 0/
36 % July 17
9 V4 Apr 25
14% Jan
3
33% Apr 24
27% Mar
Transactions at the New York Curb Exchange
Transactions at the New York Stock Exchange
Stocks,
6
1
par
29
York Corp
f 36.500
V 3.800
41%
5%
5%
Yale & Towne Mfg. Co
2.500
17
41%
41%
■
102%
f
THE COMMERCIAL &
Bond Record
New York Stock Exchange
«»
i fr,day
pri-Aa
uatipp
•'•T.d
dtp
The italic letters ln
RANGE
Last
Interest
Exchange
Stock
U.
S.
4s
3%s
Treasury
—
3'As
Treasury
Treasury
3 Vs8
Treasury
3s
Treasury
3s
___
Treasury
2%s
2%s
2%s
2%s
23/48
2%s
2%s
2%s
2 Vis
2 Vis
2Vis
2Vis
2 Vis
2Vis
2 Vis
Treasury
2Vis
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
2 Vis
2 Vis
Treasury 2Vis
Treasury
Treasury
Treasury
2'As
2'As
Tre:«ury
2'As
Treasury
2'As
2s
Treasury
Treasury
Treasury
2s
Treasury
2s
Treasury
2s
Treasury 2s
2s
Treasury
Treasury 2s
2s
Treasury
Treasury
2s
Treasury
2s
Treasury
l3As
Home Owners' Loan
IVis
165
Ho.
101.15
104.21
104.15
*111.5
-
110.29
•'
110.16
111.7
104.21
ell2.10 ell2.10ell2.10
;
111.11
112.9
112.16
102.20
*106.17
106.19
109.16
109.3
109.12
*100.11
100.13
111.9
111.25
111.10
5?
*102.21
'
111.31
102.23
102.28
106.18
106.16
106.16
107.5
.[[.„
107.18
V•
*103.27
103.29
*100.11
100.13
*103.15
103.17
toto
103.17
„
toto
100.2
100.2
100
100.4
'vyv4.:
100
26
100
100.9
106.9
100.2
y:Ai hri.
M-S
J-D
M-S
J-D
J-J
M-S
J-D
M-S
M-S
M-S
J-D
100.13
102
*101.22
104.8
101.24
*101.18
—
104.8
101.26
me-:
101.26
*101.16
y,_^
101.18
loT.fT
101.12
101.6
*101
100.17
100.9
100.11
MM
^ '
*105.17
MM
;
100.9
100.12
—
lOl.if?
101.12
series M
1945-1947
J-D
*100.25
100.26
J-D
1980
Corporate Stock
3%
112'A
108%
108
113%
IV
113%
V-ft*
..l'
Govt.
&
AGtd
sink fund
sink
6s
fund 6s
Akershus
Member« New
120
A-O
*60
M-S
J-J
1945
1945
J-J
1957
A-O
s
f 7s 2d series
1957
A-O
AExternal
s
f 7s 3rd series„1957
A-O
S
f external 4'As
8
f
loan
4Vis
M-N
23'A
10
23
23'A
12
85
23
24
23
86
100
100
,117
7
100'A
24
42
M-N
95%
95%
97'A
eonv
loan 4s Feb
1972
F-A
86
86
90
f extl
conv
loan 4s Apr
1972
A-O
86
86
89
Australia
(Commonw'lth) 5s of '25-1555
External
of
5s
1927
External
External
s
s
f 7s
1949
,
23%
50
;f
j-r.16%
23%
;:'56%
1: "
98'/2
99%
82%
100%
42
92
97%
23
88
92
93
101
100%
98
J-J
*102
? "'
1953
J-D
J-D
r-t o CO
100%
*102
■;
100'4
101
——
*102'A
'
101
102%
50
AExternal
s
f 6Vis of 1926
A-O
60
58%
60
76
47%
AExternal
s
f 6Vis of 1927
1957
A-O
60
58%
60
33
47%
1952
J-D
62
61
62%
40
49% ; 64'A
A 7s
(Central
External
$
Ry)
bonds
of
...
61
/.
Series
No.
1
3%s
Series
No.
2
3%s
Series
No.
3
3%s
Series
No.
4
3%s
Series
No.
3%s
Series
No.
3%s
Series
No.
3%s
Series
No.
8
3%s
Series
No.
9.
3%s
Series
No.
10
3%s
Series
No.
3%s
Series
No.
12IIIIIIZIIIIIIII
3%s
Sereis
No.
13
3%s
Series
No.
3%s
Series
No,
3%s
Series
No.
3%s
Series
No.
No.
57
63
62%
57
3%s
Series
Series
No.
Series
No.
57
1
57
52
56%
5
56%
56%
56%
1
56%
3
56%
56%
'•
*56
*56
16% "19:
17%
M-N
J-D
18%
18%
18'A
18%
J-D
J-D
J-D
A-O
16%
16%
*16%
18%
21
18"%
A-O
1962
M-N
*16%
M-N
17 %
18 '/a
2
17
18%
23
16
18%
17
18%
17'A
18
11
15%
18%
17'A
18%
17'A
15
15 3A
18
—
16%
M-S
M-S
16'A
16%
6
14%
17%
J-D
27%
27%
1
16
27'A
Oct
1961
A-O
68%
68%
69
Jan
1901
J-J
68%
68%
68%
2
57%
69%
1970
A-O
49%
50%
23
39%
51%
f $ bonds
s
Mtge Bank
ASinking fund 7s of
ASinking fund 7s of
Copenhagen (City) 5s
25-year gold 4%s
A Costa Rica
(Rep of)
6%s
1947
A-O
1926
1940
M-N
1947
F-A
1952
J-D
1953
M-N
1927
7s
loan
78%
*72
,
"
__
'106%
1977
J-D
A-1951
A-O
(Rep of! 8s
ser
1952
gold
1955
100%
108'A
104 %
112%
2
139%
152
3
59%
72%
75
87%
*85
A-O
81
81 %
89%
67%
14
82%
89%
71%
88%
92
97
ZI
85
98
*97% 101
84
98
„
A-O
M-S
*97
A-O
V
n-v/
J-J
1949
1949
J-D
__
*35%
40
/
-
'
30
—
104%
100
--
—
100
Greek Government—
A 7s
part
A 6s
part
Haiti
1964
1968
paid
paid
(Republic)
A:
18%
16
17%
1952
M-N
A-O
16%
1954
J-D
1954
J-D
1943
7
27%
7
•
AMedellln
Mendoza
Mexican
Irrigation—
stamped assented
A4%s
A Assented
A Mexico
A
6%s
(Colombia)
(Prov) 4s readjusted
Nov.
to
1942,
5,
Assenting 5s of 1899
AAssented
to
Nov.
5,
1942,
5,
Nov.
1942,
agree
1954
AAssented
to
Nov.
§ATreasury 6s of
A Sec
to
1913 asspnt—1933
Nov.
5,
(State)—
s f 6%s
1942,
W;
A 6s
New
series
s
s
10%
11%
9'A
10%
3
9%
5
MM
M-S
1957
1958
A-O
40
40%
J-D
M-N
40%
40'/2
17
•10
32
41%
19
32
;•
*103
—
*100
,_M
—
—
(State)—
5s—
F-A
98%
98%
98%
99
18%
16'A
MM
>
14%
18%
39'A
40%
16 %
13
15
19
—
M-S
14%
*17
/V.
■
1952
7s
f 5s
f
agree
1959
(City)
A
South Wales
External
J-J
1959
ASec external s f 6%8
A Montevideo
16%
11%
*12%
1958
external
14%
*14
agree
99
3
14
100
93%
98%
93
99
—
For Financial Institutions
*55%
*55%
—
——
FOREIGN
*55%
*55%
;
:
; •
20
-
*55%
13
—
—
FIRM TRADING MARKETS
*55%
19
SECURITIES
'
*55%
1
*55%
3%s
Series
No.
Series
No
22
3%s
Series
No.
23
No.
*55%
-
21
3%s
24
3%s
Series
3%s
Series
No.
Series
No.
26
3%s
Series
No.
27
3%s
Series
No.
55%
3%s
Series
No.
No.
page
55%
55%
55%
55%
55%
,55%
:
——
r.ARL MARKS & r.0.lNa <
-
FOREIGN SECURITIES SPECIALISTS
50 Broad St., New York 4,
55%
55%
,
—
*55%
3
Telephone HAnover 2-0050
*55%
,
452.
,
55%
*55%
.
30
see
55%
55%
*55%
.
29
Series
w
*55%
:
28
3%s
55%
*55%
—
25
3%s
55%
-v—
MM
'
1
41%
103
89
*55%
*55%
—
,
'
92
•
w
":>r
17%
1
16
9%
—- —
J-J
10%
17
11%
I'D
11%
—
*17
*
AAssented
Minas Geraes
1942,
5,
98%
*18V8
16
-
28'A
10%
10
:::
'.\ y ^mm;
Q-J
1945
1910
AAssenting 4s of
y
Q-J
94%
11%
agree
AAssenting 4s of 1904
to
*86
agree
1943
1945
extl 5s of 1899 £
(US)
27%
27%
19
16%
89%
17%
99%
12'A
92
19%
96
95 y8
M-N
92
92
21%
16
75'A
47
*99%
l'i57
f 5s
AJugoslavla (State Mtge Bk) 7s
16%
8
19
16
'•••
A-O
;.S80
f 6s series A
s
Irish Free State extl s
18%
mmmm
*55%
•
38
101%
*105
*56'A
——
84
92
86%
*95'A
*95%
1967
unstamped
v
69
20
88%
M-S
1969
stamped
75
59% i 71';::
*72
A-O
1961
7s
108
106'A
66
75
F-A
1969
French Republic 7s
103%
104%
—
1940
series
33
21
31%
1940
series
(Republic of)
78
1942
5%s
41%
36
59% '.79%
76
57%
*110
J-J
1962
18
41%
106%
106
106
A-O
1942
5%s
series sink fund
1st
<
79%
41%
34
1
149% 149%
J-D
J-J
1945
5%s
41%
*108
1953
wks
*
*27
69%
34
*40%
79%
F-A
1949
debt
external
,
M-S
_1949
4%s
*40%
41%
...
—
M-N
^1951
.
(Republic of) 5s of 1914
-W'
57%
21
*55%
*55%
.16%
i960
i960
1981
'
-
18%
16
25
—
17'A
17
19
17%
„
17%
17
*16%
19%
19%
16%
10
M-N
57%
;'V"
19
16%
17%
A-O
1962
A Colombia
External
57%
•
—.
:
17-
3%s
footnotes
58
56%
1
14
3%s
For
62
1944—
3%s
*
62
19
1961
1928
64%
1941
1951
20
2
19
1961
1927
102
'
17%
20
20
(Republic of)—
Of
93
46
97%
97%
101 %
92
100
1 100%
87
82%
100'A 101
M-S
1955
(U S of) external 8s
lABrazll
M-N
23%
16%
19'A
18%
1961
(Hukuang Ry) 5s
AAssented
6Vis
f 6s
M-S
1956
External g 4Vis of 1928
Belgium external
101
J-J
1957
146
-
25%
16%
*>,,■
16 %
20
1957
Cons Munlc 7s
of
25
23
''
85
1971
25%
17
23
•
v.
3-D
1948
17
24
24
'
•
-r
24
44
M-S
1961
6%s
assented
external
7s
19
A-O
.
8 f exti
8
ccnv
25%
24
;•;?
•'.
AExternal sec
AAntwerp (City) external 5s
1958
Argentine (National Government)—
59'/2
17
24
24
J-J
series
50%
24
J-J
1945
Ts series D
55
*65'A
1943
53
16%
y-s
1957
Bank 6%s
assented
§A2d
16'A
1
1961
1963
lADominican Rep Cust Ad 5%s
§ A 1st series 5%s of 1926
1-1693
*60
1948
7s series B
sec
NY
40
1961
1962
19%
19
20
18%
18%
1963
20
18%
20
18%
1962
Sep
Sep
19%
17%
J-J
19
19%
16%
26
F-A
J-J
1961
18%
18
18
18%
23
_
F-A
sinking fund 6s
A Czechoslovakia
(Colombia)—
1968
A-O
1961
Jan
fund 0s
«
19%
T
16%
30
18"%
18
18
A-O
1961
assented
A Estonia
F-A
M-N
1901
sinking fund 6s
5%s 2d
1947
18
Feb
AGuaranteed sink fund 6s_.
Chinese
23
Feb
A6%s assented
A Chilean
*17
Jan
AGuaranteed sink fund 6s
5%s
7s series C
1st
6s
assented
A 6s
M-N
37
18
1900
assented
A 6s
48'A
1942
f 7s
s
Customs Admin 5%s 2d series
f
7s
105%
*36
A Public
Municipal
f
f
101%
% s assented
4%s
Teletype
New York
Broadway,
s
f
4
External gold 4%s
York Stock Exchange
s
s
103'A 103'A
J-J
J"J
V'
Sinking fund 5%s
Wertheim & Co.
AExternal
s
1958
assented
External
A External
AExternal
104%
15
IA Denmark 20-year extl 6s
(King of Norway) 4s
AAntloquia (Dept) coll 7s A
AExternal
103 %
ASinking fund 8s series B
Agricultural Mtge Bank
AGtd
6
assented
External
REctor 2-2300
Foreign
103% 103%
t es
s
ASinking fund
Cuba
Foreign Securities
Telephone
102% 102'%
J-J
i960
AChlle Mortgage
A 6
J-J
assented
A 6s
3s
113%
103'A
1948
sinking fund 6s
A 6s
MM
103%
10^ %
1953
1954
External
A 6s
—
fork City
New
103%
101%
15
8s
sinking fund
Colombia
Transit Unification Issue—
106%
101%
2
15
assented
A 6s
A 7s
Corp—
104 VA
4
..
102
1
assented
AExternal
A
110%
_1942
(City)
(Rep)
A 6s
100.19
10
101.12
108%
Jan
Anxierna)
100.17
100.16
'
10
109% 109%
109%
62
50
•
Jan
101.1
100.5
'
88%
:
Jan
AExtl sinking
105.19
*101.10
J-D
J-D
100.21
100.18
*100.15
J-D
101.2
*100.16
86%
73%
11
102
Atfr
101.9
73%
10
102'% 102%
riua
10L19
*101.10
■
87%
35
104% 105
M-N
AExtl
101.20
;
86%
72%
1
1968
ARy external
10T31 10T31
—r
104.29
*104.27
yy„_
5
95
72
62
62
3s
-
■
J-J
J-J
A6s
104.8
*101.30
MM.
m-tm
81%
,80%
80%
J-J
AExternal
.'"'"it.**
■
100.13
*104.6
yyV:^;
175
102.5
107.9
M-N
A-O
100.13
'■
mm
•
84%
A-O
1967
A 7s
107.11
■■
107.3
*102.3
*107.7
;■
y
—.
80
100%
95
—
1960
1961
A Chile
107.3
107.9
106.3
107.3
100.16
30-yr 4s
3s
100.18
*100.14
46
1984
f t bonds
8
(Dom of)
A Carlsbad
100.7
5
100.2
135
83%
*89
3s
100.6
100.7
84'/4
79%
1973
3s
100.5
100.2
100.3
79%
79%
3'As
100.6
100.6
J-D
J-D
M-S
M-S
J-D
J-J
79%
F-A
98
95%
4100% 101
J-D
99%
92
98%
30-year
2% s
100.17
100
•
M-S
' :'*96
•*-
30-year
103.22
100.11
—
100.5
*100.3
:
■,
10~3"31 104" "
•
M-S
1970
1970
'
F-A
25-year
106.18
*107.3
external
Canada
106.24
*107.16
ASiZv
J-D
Hiah
Low
92
2
M-S
1977
f 4Va-4%s
s
External readj 4%-4%s
External s f 4%-4%s
3%
103.9
*106.16
[
;
112.6
111.31
99%
1957
1958
1950
Refunding s f 4%-4%s
111.10
111.7
—-
i 5s
s
stamped
A6s
External
„
111.11
*111.23
.7«...'
January 1
Sold
No.
(Province of)—
Buenos Aires
106.24
*109.14
!
V
103.11
106.24
*112.14
99%
Range Since
Bonds
High
1961
(City)
Sinking fund gold 5s
Sinking fund gold 6s
104.20
111.20
11
y
Brisbane
105.18
111.4
y..^'
,
Low
110.19
104.20
-a
Last
Sale Price Bid & Asked
'
102.29
106.9
Week's Range
or Friday's
Friday
Interest
Exchange
Period
111.23
110.16
1
.....
,
New York Stock
High
Low
105.9
104.21
28
January 1
105.5
*104.13
J-D
1956-1959
1947
Mar 1948-1950
Dec 1948-1950
Jun 1949-1951
Sep 1949-1951
Dec 1949-1951
March 1950-1952
Sept 1950-1952
1951-1953
1951-1955
1952-1954
1953-1953
June 15 1948
2s
Treasury
High
*110.14
M-S
M-S
M-S
J-D
J-D
1954-1950
Treasury 2s
*105.3
•
J-D
M-S
J-D
J-D
J-D
M-S
JULY
ENDING
BONDS
Asked
* 110.24 110.26
*101.13 101.15
a-
A-O
3-D
M-S
J-D
3-D
J-D
M-S
M-S
M-S
M-S
1947-1933 ?
1944-1954
1946-1958
1940-1949
1949-1952
__1946-1948
1951-1953
1955-1960
1945-1947
1948-1951
1951-1954
1950-1959
1958-1963
1960-1963
1943
1948
1949-1953
1950-1952
1952-1954
1956-1958
1962-1967
1963-1968
__June 1964-1969
Dec. 1964-1969
1965-1970
1967-1972
1951-1953
1952-1955
WEEK
Range Since
Bonds
Sold
Friday's
Low
Government
Treasury 4'As
Treasury
or
Sale Price Bid &
Period
FOR
Week's Range
Friday
BONDS
New York
yearly
■
transactions of
In the week In which they occur. No account is taken of such sales In computing the range for the year.
the month when the bonds mature.
regular weekly range are shown in a footnote
the column headed "Interest Period" Indicate In each case
«md when outside of the
the week
weekly
■
Cash and deferred delivery sales are disregarded In the week's range, unless they aw the only
and defaulted bonds.
Interest"—except for income
Monday, July 31, 1944
FINANCIAL CHRONICLE
N. Y.
Teletype N. Y. 1-971
Volume
YORK BOND RECORD
NEW
FOR
EANGE
Friday
BONDS
Interest
Exchange
Stock
York
New
Period
external
1944
6s
or
Bonds
Friday's
sink
fund
4'As
1956
sink
fund
4%s
1965
7
21
January 1
Low
A-O
99
99
99
97%
97%
"3
'
V
: ""
High
99%
*''■
Af-S
External
JULY
ENDING
Range Since
Sold
Vo.
High
F-A
External
WEEK
Week's Range
Last
ie Price Bid & Asked
Low
Norway
4
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4303
160
100%
98 •'
New York, Lackawanna &
99 Va
96
3
Income 5s,
■
sink
4s
extl
fund
1963
loan
Municipal Bank extl s f 5s
Oslo
extl s I 0s ser
(Rep)
APanama
!
Stamped assented 5s
A
3'As
mod
Stamp
Ext sec ref 3'/as
APeniambuco
ext to
7s
of)
96%
J-B
A-O
vAf-N
Af-N
J-D
1967
:—1947
series B
(State
F-A
1970
1955
A.1963
1963
1994
sink fund 4V2S
.Cityi
'
94
"2
96%
'•
-
*81 -.
v
90
93
Af-S
93
"1
93
93
1
40
40
88%
97
;•>
31%
41%
25-
16%
25
16%
24%
17
Members New York Stock Exchange
\
105%
12
40
PFLUGFELDER, BAMPTON & RUST
94%
87
104%
24%
*104%
Af-S
due 1993
88
90
'*•:
*93
',
96%
-
88
83
*87
—
Western
98
61
New York 6
Broadway
r
'
....
1959
1960
external 7s
iRep of)
APeru
ANat loan extl s f 6s 1st ser
ANat Loan extl s f 6s 2d ser
loan s f 7s
23%
12%
26
30%
14
30%
23%
23%
2
12
26'/a
1st
M
'42%
42%
3
36
44%
1st
gold 4%s series JJ
41%
-•
——
.
i'.V
41%
3
34
43%
1st
mtge
50%
50%
,
k%i
50
v
.
44
100 '/a
19
102% 102%
——
A-O
F-A
"~4V
—
*
Af-N
F-A
39
46%
46%
37%
A 7s
(City of Brazil) 8s
A6'As extl secured s f
1
1967
1964
1952
1957
municipal loan
Santa Fe external sink fund 4s
38
17
40
Paulo
41
44%
40
extl water
A 6s
extl dollar loan
5s
1967
II
series
/V;39
47%
1st
29
38%
Debenture
A Silesia
of)
(Prov
A4Va8 assented
lien & ref
External
A Warsaw
*109%
43% /'
8
35'/a
44%
39%
38%
49%
39
48%
40
42
17 Z.
33
42'/a
38%
38%
1
65
65%
12
16'/a
167/a
20
11%
18%
16
16
3
12
23
23
1
11
modified
(interest
1, 1947) due
Stamped
at
;
/ 30
W
■
015 %
J-D
Alabama
1st
Power
mtge
72%
73%
Af-N
74
74
J-D
73
73%
8
F-A
J-J
F-a
F-A
76
76%
24
♦90
with
6s
warrants
California
90
Elec
65%
3
103% 104%
9
101%
108% 108%
3
107%
107% 108%
22
95%
108%
116% 116%
1
116%
118'/a
A-O
1966
A-O
74
60
79
<yv>'V
59
gtd 5s A—1962
cons
gold
Oct
62
1969
J-J
J-D
gold
4%s
1956
Guaranteed
gold
4%s
1951
10
20%
Can Pac Ry
A-O
»
Amer I
G
Cliem
trust
4'As
109
68'A
16
83%
114'/a
111%
48
84%
M-S
104%
12
100'A
1955
deb
Co
Tobacco
3s—
Wks & Elec 6s series A
Am Wat
Ann
J-D
106'/a
€
107'/a
109%
1
89%
99
89%
100
%109% 109%
98
__
102% 102%
Ti
105 7/a
105% 106%
133
101
1978
debenture
income
7s
General
1995
gold
,__1995
1995
1955
4s
Stamped 4s
Conv
gold 4s of
Conv
4s of
1909
1905,
79%
13
80
103% 103%
;
1st gold 5s
Atl Knox & Nor
1st
1st 4s
Air
Charlotte
&
Line
General
L
&
93
86%
156
2
91%
103
109%
109% 109%
gold 4s
109% 109%
33
Second
106
5s
95
4s
;;
110
108
110%
121% 122%
340
115%
124
104
104%
35
103%
104%
112
112%
107
6
105%
105% 106
10
105%
105% 105%
*104
114
114%
104
105
U
92
102'A
92
107
105% .106%
5
112%
51
1958
1946
Ry—
123% 124 %
115%
112% 113
*110%
106%
111%
16
,111% 1U%
113
109%
108 %
110%
-v..'
-
111 %
106%
*2
110%
109%
"I
111
113
;;K
—
107
106% 107
15
104%
107%
M-S
J-D
M-N
J-J
J-J
103
102% 103%
306
90%
103%
88%
150
69
103% 104%
180
89%
1943
1948
1953
4s
deb 3s
87%
86'A
41%
42%
16
36
36%
6
37
48%
33%
39%
104%
*105% 105%
M-S
89%
104%
105%
B
& Ohio
Baltimore
RR—
July 1948
A-O
87%
Stamped modified bonds—
1st mtge gold
(int at 4% to
Oct 1 1946) due
July 1948
A-O
89%
1st
mtge gold 4s
Ref & gen ser
Dec
&
Ref
to
1946)
1
ser
gen
Dec
Sep 1 1946)
Ref & gen
ser
Sep 1 1946)
A Conv
1995
1995
due
2000
due
54%
52%
J-D
61%
59%
Af-S
84
70%
109
7:73 y8
55%
434
61%
171
41%
40%
672
31%
44%
84%
54%
39
M-N
84 Va
83%
84%
132
1950
1959
J-J
J-J
69%
69%
70%
137
57
82%
82
83
1951
1951
J-J
debentures
debs
Consol mtge 3 Vis series F
Consol mtge 3s series G
Consol mtge 3 Vis series H
Beth Steel 3'As conv
1956
1952
1959
1960
1965
88
88"
J-J
*128%
101
*101
88'A
88
59'/a
96
26
1
56%
76
85
74
90
73%
89
4s
69
106
10
'
103%
101'A
103%
53
102
128
129%
100%
101
101
100
101%
28
103%
106%
101%
1
105%
107
103
103%
82
101%
104
106
106%
23
104%
106%
107
107
70
*63
68%
64
79%
91%
50%
85%
86%
45'A
46%
47'/8
85
37%
12%
5
11%
12%
■;
12
51
*30
39
12%
51
12
32
4
91
91
J-J
30%
31%
28
30
1987
J-J
gold
93%
30
39%
110
28
37%
27
105
41
35%
26
/10
100
30%
26%
1962
A-O
105
105
105
F-A
105%
105
105%
1954 "•■■■
5s
112
83%
gtd gold 4s_1949
1st ref
34%
36
27%
26
27%
16%
56
111%
111
4-0
30
16%
11%
50
23
-;■■■■■
1987
Power 3%s
Y
F-A
?
'
87%
86%
♦83 =
97
V-72%
.^c. *.'
101% 102
105%
108'/a
74
'>
88
109%
96%
1
127
87%
Af-N1"
Af-S
,—.194?
■
107U 10714
A-O
1960
2d
1st
Div
1992
1996
1996
85%
100
"3
102
M-S
M-N
F-A
consol gold 4s
3 %$•
ref
109%
106'A
109
103%
103%
J-J
J-J
*124% 125
121%
125%
*121%
120
121'%
A-O
--
—
26%
27%
„
21%
270
27%
105
IS
105{3 106
106
32
106 A 106
27
1958
1977
—1971
A
106%
Chicago & Eastern 111 RR—
/AGen mtge inc (conv)
1997
1982
Chicago Gt West 1st 4s series A—1988
AGen inc mtge 4%s
—2038
tChicago Ind & Louisville Ry—
ARefunding 6s ser A——
1947
ARefunding gold 5s series B—1947
ARefunding 4s series C
-1947
A 1st & gen 5s series A
1966
A 1st & gen 6s series B
May 1966
Chicago Ind & Sou 50-year 4?
1956
tChicago Milwaukee & St Paul—
Chicago & Erie 1st gold 5s
103
103
J.949
series
30%
106II
—
J-J
12
102
100%
J-J
1949
.
5s
138%
106%
42
J-J
1949
4s
registered.,
ft
132%
50
1989
1949
registered
General 4s
1st
4
108'A
108 % 108%
108
*103%
1989
Illinois division 3'As
Illinois- Division
138% 138%
108%
1946
gold 4s
cons
.
Af-3
106
108% 109
109
F-A
F-A
J-J
Af-N
J-J
J-J
J-J
J-J
J-J
Af-N
J-J
J-J
108%
v
10632
105%
54
98
109
'
105% 106
' 107% 108%
47
84%
106%
119
92%
108%
53%
37
48%
63%
52'%
53%
127
1
125%
128%
82%
82%
84
19
76%
88%
57%
57%
60
18
47
65%
78%
71%
78%
3
50
83%
73%
71%
73%
15
47%
78%
45
74
127
127
68%
68%
1
11%
11%
35
10%
36
10%
22
87
12%
12%
100
v
100
100
14%
14%
100
May 1 1989
J-J
83'A
82%
83%
128
74%
86
J-J
79
78%
79
6
69%
82%
gold 3'As series B—May 1 1989
AGen 4'As series C
May 1 1989
J-J
J-J
J-J
86%
84%
87
255
76%
89%
76%
89%
AGen
4s
series
A
AGen
4'As
4%s
AGen
series
series
May 1 1989
May 1 1989
E
F
tChic Milw St Paul & Pac RR—
A Mtge gold 5s series A
adjustment
1st & gen
mtge
25%
of
1927
Pacific Ry—
1988
deposit
1934
1952
1960
Chicago St L & New Orleans 5s
1S51
Gold
3'As
1951
Memphis Div 1st gold 4s
1951
Chic T H & Southeastern 1st 5s—1960
Income guaranteed 5s
Dec 1 1960
gold 4s
8 A Secured 4'As series A
AConv gold 4'As
A Certificates
77%
90%
58%
60%
1.214
45%
64%
14%
15%
697
11%
17%
106%
334
101%
1067/a
70%
1.216
63%
77%
14%
Pacific Div 4s
1969
Railways 1st 5s stpd
ACertificales
91
A-O
City &
part paid
88
F-A
mtge 4s ser A
__1989
conv income 4'As
1999
Valley Div 4s__—_1969
tChicago Rock Island &
AGeneral 4s
87
87%
1975
Plaines
tSAChicago
85
88
59%
tChicago & North Western Ry—
Des
86%
62
Jan 1 2000
5s
fARefunding
—
103% 103%
103%
103 '/a 103%
■
J-J
1987
Potts Creek Br 1st 4s
Sioux
98%
101
103'A
J-D
1987
Chesapeake ti Ohio Ry—
General gold 4'As
Ref & impt mtge 3'As D
Ref & impt M 3'As series E
2nd
1951
--
107%
52
23
i960
Certain-teed Prod 5%s A
AConv
64
A-O
A-O
3-D
A-O
A-O
J-J
F-A
F-A
59
55%
40»/a
1st 3'/2S
1951
Bell Telephone of Pa 5s series C—1960
Beneficial Indus Loan 2'As
1950
64%
41
RR—
110%
104%
1
104% 105
1961
§ACentral RR & Banking 5s stmp_1942
AGen
211
F-A
Beech Creek Extension
59%
55%
Af-S
stamped
46%
94%
52%
1996
A
218
41%
92
54%
Feb 1 1960
due
due
Bangor & Aroostook
Con ref 4s
2%s
J-D
53
,
4s
90%
F (int at 1% to
Toledo Cin Div ref 4s
•
89%
D (int at 1% to
Pgh L E & W Va System—
Ref gold 4s extended to
S'west Div 1st M (int at 3%%
to Jan 1 1947) due
;
89
C (int at i
1946)
1
Ref & gen ser
87%
A (int at 1 % to
due
3%s
gtd 4s
gold 5s
1st & ref 4'As series B
104'/2
109%
9
66'A
104%
J-J
1940
Through Short L 1st gtd 4s
4s
M-N
mortgage
1st
A-O
fACUcago & Alton RR ref 3sL
1949
Chicago Burlington & Quincy RR—
111
106'A
~
110% 110%
*108
J-J
J-D
118% 124%
126
*109% 113%
J-D
■
111
70
76%
70
90%
N
Guaranteed
114%
63
*68%
•
Nov
M-N
J-D
97
105%
54
110
66'A
A-O
4s__1951
registered
Central Pacific
122 Vi
124%
r
105% 106%
—
M-N
1959
registered
AGeneral
105
104'/4
J-D
Atlantic & Danville Ry 1st 4s
Atlantic Refining
New Eng
t A Central of N J gen
107%
52
109%
114%
98
112%
110
__
105
'
95%
104% 105
*105
F-A
—1959
series C
JACent
1963
4'As A
unified
coll
N
& gen 5s
AChatt Div pur money gold
AA/rnhil^ rilv 1st eolrt 5s
Central Illinois Light
81
July 1952
1964
Oct 1952
mortgage 3%s
1st cons 4s
Atlantic Coast
A Ref
101
103%
/ 5
104% 105
92%
A-O
1960
1910
Trans-Con Short L
Atlanta
1955
>
gold 4s of
Conv
A Ref & gen 5'As series B
R & A
4s
Adjustment
1
Nov
1945
1945
mtge 5s
8 A Consol gold 5s
106%
67
gold 4s
A 1st
-
102%
1st
103%
Topeka & Santa Fe—
Atchison
104%
P
100%
J-.T
A-O
94%
94%
J-J
1948
Branch U
103%
*98%
Jan
Q-J
Af-S
F-A
debentures
conv
83%
117'/a
111%
J-J
Corp 3%s debs—
Celotex Corp 3%s debs.
Central
AAnglo-Chilean Nitrate deb
1967
Arbor 1st gold 4s
1995
Ark & Memphis Ry Bdge & Term 5s 1964
Armour & Co (Del) 4s B
1955
1st sink fund 4s series C (Del)-1957
3s
Amer
115%
109'/a
1962
Celanese
106
102%
A-O
J-D
M-S
A-O
M-N
debentures
11&
ACent
Af-N
debentures
2
tCentral of Georgia Ry—
A-O
1961
1966
1956
1962
1975
3'As
119
7
F-A
103
American Telephone & Telegraph Co.—
3'As
116%
37
M-N
104%
—
4-n
—1949
118
117% 117%
M-S
100%
lf'i%
A-O
F-A
Af-S
118%
116
112% 112%
1981
Adir 1st gtd gold 4s
&
103
103 Vi
t!' 98
A-O
116
5
12
115% 115%
J-J
4s
♦106% 108
A-O
32
109'/a 109'/a
1950
Ohio
109%
109'/a
1965
&
Corp 5s w w
104%
112%
1949
Clinch
& Gen
*
109 '/a
93
J-D
F-A
I960
*103Vi--
J-D
1998
1951
2030
5'/2s
conv
•»«<»«
1954
82%
/
F-A
Ry deb 6%s___1946
deb stk perpetual
4%
Collateral
Carriers
83'/a
29
116% 117%
A-O
•
Canadian Northern
8
2
98
*
19%
119
28%
116% 117
116%
J-J
1955
Guaranteed
22%
119
107%
J-J
1970
5s
103%
A-O
1957
gold 4'As
Guaranteed gold 5s
Guaranteed gold 4%s
76
66%
10
1948
registered,.
34s
85%
86
88%
1968
76%
60
36
1
•104
Allegheny Corp 3'As sec conv
Alleghany & West 1st gtd 4s
Allied Stores Corp 4'/2s debs
Am & Foreign Pow deb 5s
69
83%
90
3%s
Canada Southern
19
19
Power
Canadian National
22%
M-N
J-J
3'/2S—1946
Albany & Susquehanna RR
21
30
83%
A-O
California-Oregon Power 4s
91
89
22%
F-A
1948
84%
90%
J-J
27%
21'/2
100'/a
__
*65%
1967
1972
assented
98
97
.1960
♦88
J-D
J-D
Af-S
3%s
28
89%
97%
60
26
*21%
10
Af-N
Albany Perfor Wrap Pap 6s
21
15
63%
A-O
58%
58%
25
91
♦91
1953
1953
1948
1947
1946
10-year deb 4'As stamped
Great Southern 3'As
21%
A-O
.1952
68
91
21 %
'100% 101
Af-N
Af-N
Alabama
44%
40
Af-N
40
56%
Cart
1907
148
1957
.1934
to May
Carolina
Coll trust 4s of
112%
109%
.1955
;
3%
Companies
tAbitibi Power & Paper—
§A5s series A plain
AStamped
Adams Express coll tr gold 4s
107
109
—
tBurlington Cedar Rap & Nor—
tfACarolina Central 1st gtd 4s
Railroad and Industrial
102%
110
111%
17%
■
F-A
F-A
1958
1958
external 7s
(City)
A4V28 assented
103 Va
J-D
30
104%
112%
11
1967
2
102%
__
103% 104
Buffalo
5
58%
94%
93%
16
63%
110
108
40
'
49
81%
47%
108%
101% 102%
104
46%
5
113
*110
102
91 Va
1978
1984
34s extl readjustment
J-D
*111
38%
94
41%
~
102% 103
Af-N
F-A
1978
conv
readjustment
Af-N
Af-N
Guaranteed
extl
3%-4V8-4-ft
4-4%-4%s extl
*100%
1981
1979
conversion
F-A
1957
38%
99%
52%
"
Buffalo Gen Elec 4%s B
Niag Elec 3'As series C
Buffalo Rochester & Pgh Ry—
99
:
'■
109% 109%
42%
1st lien & ref 5s series B
105
16
v-'.
51%
101%
83%
9
46
•
42%
1937)—
readjustment
External
/
:
Af-N
v:?:
101
25
51'~
34
1979
($ bonds of
3%s-4-4%s
,58%
~~
92 Va
59%
91
59%
34
1960
1964
fund 6s—
AExternal sink
F-A
1950
-
*:
High
jiuto
"I
.
92
91%
M-N
January 1
_
99%
99
J-J
1947
6s series A
gold 5s
105
A-O
7
1955
1948
AExternal sink fund 6s
105
.12
46%
'
Af-N
Af-N
J-D
(Republic) extl 8s
AUruguay
105
41%
k.
42
A-O
Sydney (City) s f 5'As
M-N
Range Since
Sold
AO.
105
1961
1960
Ainc mtge 4%s ser A
July 1970
tABoston & N Y Air L 1st 4s
1955
Bklyn Edison cons M 3 Vis
1966
Bklyn Union El 1st gold 5s
1950
Bklyn Union Gas 1st cons gold 5s_1945
2
;i':46%
«...
J-J
M-S
J-J
1940
series B sec
*101
4s series RR
30
47%
38%
J-J
secured external
A 7s
M-S
1955
1st 5s A C
Boston & Maine
Bonds
V
High
43
43%
Af-N
(Kingdom)—
1962
extl
1962
extl 7s
1958
1958
7s
Low
<
Berbs Croats & Slovenes
A 8s
Week's Range
or Friday's
Sale Price Bid & Asked
91
'
'
Last
Interest
Exchange
v
104
•
Stock
40%
%
41%
1950
1956
1968
loan
A7s
41
J-D
Af-S
Af-N
1938
8s
IA San Paulo (State)
A8s external
38
New York
Period
103
35
33
44
43%
38%
.
39
A-O
J-D
M-N
Friday
32
J-J
1946
1968
1966
gold
1926
A7s external loan of
f
28
(State of)—
loan of 1921
s
26%
60
*22%
J-D
A-O
Bell Teletype—NY 1-310
/
BONDS
— —
11%
*31%
I'iw
J-J
J -J
1961
18%
Telephone—DIgby 4-4933
30%
A-O
1966
A 6s external sink fund
8 A Secured
39
1968
1850
1963
7%s
Rio Grande do Sul
A Sao
19%
*10
Prague
A 8s extl
18%
*27%
(City of Greater) 7%S—1952
Queensland (State) extl 6s
1947
ARio de Janeiro (City of) 8s
1946
A Extl sec 6'As
1953
A
157
A-O
(City of) 8s
AExternal loan
19%
A-O
A4V2s assented
APorto Alegre
21%
'
A-O
fund gold 8s
sink
,
19
1961
A4V2S assented
A External
20
19'/a
1940
A4%s assented
A Stabilization
21%
J-D
—1958
_1947
gold 6s
<Rep of)
f APoland
M-S
of deposit
J-J
J-J
106
106%
68%
68%
*103
J-J
*103
J-J
J-J
70%
10
70%
72%
104
72
72
70%
F-A
71%
—
A-O
M-S
Af-N
J-D
J-D
J-D
J-D
M-8
—
10
64
81
61%
75%
68
75
36 %
46%
42%
42
43%
487
47'%
47%
48'%
135
39 %
9%
94
8%
87/a
*95
84%
;
84%
~1
84
51'A
11%
100
85
9
64%
85
91%
92%
26
72%
92%
757/a
76'%
13
59%
78%
59
77
83%
92
90%
97%
*_-
84
777/a
Monday, July 31, 1944
THE COMMERCIAL & FINANCIAL CHRONICLE
450
NEW YORK BOND RECORD
Week's Range
or Friday's
Friday
BONDS
Last
Interest
Stock Exchange
New York
Low
ENDING JULY 28
Hiah
V / :
D
108
109'A
107'A 108
17
108%
110%
22
102%
108
108%
108% 109
21
104
109
M-S
107'A
107'A 107%
22
104%
103
A-O
1943
.——1957
1 a Choctaw Ok Si Gulf cons 5s
1952
Cincinnati Gas & Elec 3'As
—1966
1st pitgc 3 Vis
1967
Cin Union Term 1st gtd 3Vis D—1971
1st mtge gtd 3%s series E
—1969
Cleve Cin Chic Si St Louis Ry—
t§AChilds Co deb 5s—
5 ADebenture
109
J-J
J-J
—1952
1962
75
M-N
*109%
r-A
1993
General 5s series B————1993
J-D
E———1977
Div 1st 4s
1991
J-J
Ref & lmpt 4 Vis series
Cin Wab & M
coll tr gold 4s
8t L Div 1st
3s
Cleveland Elec Ilium
Series
Series
D
1990
—1970
112'A
112%
j-J'v
t§AKousatonic Ry cons gold 5s
Hudson
Co
81'A
Hudson
Si Manhattan
70
7
53%
77
92%
6
82
Illinois Bell Telep
*107
*106%
95
107
Extended
92'A
105
84
101'A
23
104'A 104%
99% 100
147
93
116
92%
J-D
♦101%
94'A
M-N
75'A
Purchased
102
83
Commonwealth Edison Co—
1st mtge 3Vis series I
96
Collateral
64%
106'A
Cairo
Litchfield Div
103%
1
—
106'A
108%
109
108'A
110
113%
*113%
140
I'D
107%
J-J
J-J
113%
'
' >
4
103% 103%
13
107%
;
Consolidated Oil conv deb 3Vis
1041% 105
58
103%
fAConsol Ry non-conv deb 4s
1954
J-J
50%
45%
1955
1956
J-J
52'A
45%
59
50%
46%
58
Power Co—
mtge 3Vis—
mtge 3 Vis
1st
M-N
'■
'
•
V-
107%
Iowa
1st
108'/a
--H*
101%
95%
46
3*'- 57
46 Va
'".
A-O
'y
46%
•
./■i''
O'lv
M
r
J-J
12
*103%
M-N
97%
54
J-J
56%
96'A
40
F-A
————
See Chic & N'western
4%
A-O
—1978
'
101%
100
49'A
Gen Si ref mtge
-Gen
A-O
109%
M-S
3 Vis series G —1966
97%
4%
46%
105'A
106'A
342
45
46
6
38
4%
61
189
4%
4
.
40%
8
54 ;
30
6
28
34
106% 107
12
M-S
102% 102%
12
A-O
—1965
East Ry Minn Nor Div 1st: 4s
East Tenn Va & Ga Div 1st 5s._
Ed El 111
Ohio
106% 106%
.1950
M-N
114
111
106
2
110
3
101%
106
.1965
A-O
.
Co—
M 4s series B
RR extl
1st
mtge
—
J
*93%
23
82%
80
97
102% 102%
J-J
M-N
.1971
M-S
106
82%
10
99%
.1961
Flintkote Co 3s debs
.1958
t A Florida Cent & Peninsular 5s_
tFlorida East Coast 1st 4'As
Alst 81 ref
M-N
M-N
95%
96%
M-S
4%
4%
1
__1959
J-D
80%
96
58%
83%
..1961
J-J
102% 103'%
33
95%
103%
&
Laughlin. Steel 3'As
&
1st gtd gold 4s._1990
Fort Scott &
of
.1943
105% 105%
2
106
J-D
M-S
.1956
J-D
A
Certificates of deposit™.
Machinery Corp 3s debs
Francisco Sugar coll trust 6s
Food
*__
J-j •
.1959
.1974
5s series A..:
impt
'
.1950
,V';
1950
Apr 1950
1960
5s
1st 4s
18
102
5
102
ref
6'As
117
99%
1
98'A
44%
45'A
72
42'A
131
ffPi0rl!a & Ala Ry 5s
t»AGa Caro
& Nor
Goodrich
(B
F)
Oct 1 1945
1st ext 6s
J-J
1934
1st 4y4s
104'A
29
j-j
1956
Grays Point Term 1st gtd 5s
J-D
-,.1947
Great
j.j
5
42
103
103'A
28'A
*64
107
J-D
106%'
29
12
1997
1954
1961
1950
1959
._
107
56
*102'A
107%
108%
1
109
110'/8
10
106%
108
104
1
102%
105%
5%
3%
97%
101'A
100%
105
5%
47
98%
99%
:■/ 7
98%
100%
101% 102 7%
10
93%
102%
14
89%
99%
102%
J-D
97%
J-J
>
98
55
54
103%
103%
103% 103'%
1
100%
99%
3
95
99%
86
86
84%
94%
1974
1954
1950
80
80
80
F-A
63 %
61%
63%
J-J
68%
68%
71
27
36%
35%
37
162
35%
36%
11
34
85
37
stamped
Valley N Y
4%s/ext
2003
2003
2003
2003
2003
—
.
1944
1951
1
debenture
gen
—
:
80%
56
69%
64 '/a
80%
33
44%
43%
48 %
40
41
37%
37%
37%
1
35%
M-N
46
47%
34
42%
A-O
70
71
13
64%
2
123%
127 Vi
A-O
*127%
A-O
*101 .l6 106
F-A
*__
78
120
f 122 %
104
106
106
106%
106
103%
106%
105 %
17
104
106 %
11
104
106%
106%
118%
120%
102
103%
M-S
106
F-A
118% 118%
1
103%
20
101% 102%
56
A-O
J-J
57
127%
*108
M-S
M-S
46%
1013V 104 A
120% 120%
120%
.
103
102%
93%
102%
102%
A-O
*106% 107
106%
108
2003
A-O
106%
...2003
A-O
106%
&
ref 4%s series C___™.
&
ref 4s series
110
Nashville RR—
5s
series B—
D
111%
1st & ref 3%s series E____™..—2003
111%
118
Unif mtge
1—1976
105'A
124
Unif
J-J
118
117'A 118
36
100
118
1977
j.^
A-O
105%
3V2S series A ext—....1950
J-J
103
1960
J-J
1946
F-A
...1980
gold 3s__
1945
gold 4'/2 s—
M-S
mtge 4s series B ext
Paducah & Mem Div 4s
110'A
110
110'A
34
98%
110 %
St Louis Div 2d
1946
J-J
105%
104% 106%
274
series H
102'A
106'A
Mob
1949
j-j
102
102
33As series 1
102'A
75
1967
J-J
105
104'A 105'A
200
Montg 1st
Ry joint monon 4s
Knox
65
17
2003
1st
4t.l
80
T
101%
1st
South
83%
70
105
107%
105'A
80%
3
83
*77
*101
101%
103'A
71
65%
*105% 107%
104%
91
1
M-S
1st
101%
2
M-S
32
&
94%
80%
40/4
—1950
1949
1949
68%
ref
M-N
™
80%
83
M-N
104
94%
A-O
stamped..
&
*92%
M-N
debentures
Louisville &
99%
99%
94%
4s series A—;—1962
1949
1951
—..1963
Louisiana & Ark 1st 5s series A—1969
Louisville Gas & Elec 3'Asi
,™1966
Lou Si Jeff Bridge Co gtd 4s
1945
'4s
>
67
104
97
5
103
F-A
M-S
98
97%
19
103% i03%
103%
V
100%
'"'-X
*50
J-J
100%.
99
1
100
99% 100
1974
22%
105%
100
99%
F-A
5
4
.
:
107
1954
1964
—1964
stamped
5s
18
452.
98
94%
175%
F-A
21
page
98
90%
172%
:
*4%
100
1954
ref sink fund 5s
124
see
104
>■ ■:
69
91%
69
A-O
124
footnotes
M-S
M-S
■;; 109%
51%
1965
1945
117% 118
mtge
106
86
114% 119
108% 108%
/ 107
V
105% 105 7/a
For
M-S
V
,<
117%
Gen
20
/ 109% 109'%
Dec
registered
124
mtge 4s series G
106'%
*168
V
J-D
r_j
mtge 4s
72%
*68
.
A-O
1997
1997
j-j
Gen
J-J
A-O
1973
General
58
*118%
F-A
1952
General 4'As series E
60
88%
106
:'X
F-A
General 5s series C
General 4'As series D
86
'
1945
1
extd 5s!
1961
J-J
J-J
1954
—
Northern 4'As series A
General 5'As series B
"
•
'
*94%
48
10
%
87%
/ *98%
101'A
63
86%
89%
85
87%
86
69%
JtJ
Long Dock Co 3%s ext to..
Long Island unified 4s
"Guaranteed ref gold 4s
56%
1
104% 104 'A
71%
A-O
1953
"5s
J-D
-
6
J-J
1960
"3s
Gas & Elec of Berg Co cons
5s__—1949
Steel Castings 5ViS_™_.
1949
83%
J-J
Lorillard (P) Co deb 5s..
Gen
83%
*99%
ref-5'As series D_
&
Little Miami
59%
45
3
22
J-J
Liggett & Myers Tobacco 7s
100
103
100% 100%
83
85%
i——.1961
.
i__
72%
84%
1961
&
98% 100%
100% 100%
84%
J-J
Lehigh Valley Terminal Ry ext 5s_1951
Lex & Eastern 1st 50-yr 5s gtd—.a.1965
103'A
130
/
1961
ii.
.
104%
45
M-N
>
5%
3
'
A-O
1987
1961
unguaranteed
Lehigh
105%
103
^
103
83%
i_1936
Kings County El L & P 6s™
Kings Co Lighting 1st 5s_.
1st
A-O
Mem. Ry—
Lehigh Vallfey RR—
4s stamped modified
1 4s
registered.™—
4'As stamped modified
4'As registered
106'/a
102
99%
45
80
80%
102%
deposit!
City.Terra
5s
84%
103
100%
1st & ref sink fund 5s
106%
641/2
103
97% 102
1951
97%
101%
103% 103%
108%
74%
5s stamped modified.
Firestone Tire Si Rub 3s deb
105%
77%
103
243
*106
—
66%
103
105
•,1st & ref sink fund 5s
5s
stamped
100%
110
82%
56
1
15
106
150%
83%
105% 106
68
249
Leh Val Harbor Term gtd 5s
J-J
.2015
.1947
1st 4s
3 Vis
148%
..
.1995
.
—
102 34
64
107% 108
107%
901/4
-
J-J
57%
93 y«
.
A-O
43%
91%
1st &
106%
-1962
15
•88%
103%
2
-
98
54
89%
;
Lehigh Si New Eng RR 4s A
Lehigh & N Y 1st gtd gold 4s
Lehigh Valley Coal Co—
/
114
106% 106 '/a
97
57%
104% 104%
{ A 1st
mtge income reg™
1975
Lehigh Coal & Nav s f 4'As A
1954
Cons sink fund 4'As series C™_1954
107%
101% 101%
*148
63
43%
91%
Lautaro Nitrate Co Ltd—
.
5
•;
114
107b-
M-S
mtge inc 4 Vis series A—
Div
A-O
48
J-D
*
N Y & Erie
108'A
.1948
.1965
M-S
11
F-A
;3'As
46%
J-J
_—
J-J
24%
53%
J-J
Coll
108%
>24%
.1970
stamped
cons
108
106%
.1950
—
A-O
1947
Lake Sh & Mich Sou gold 3'As
.1995
Empire Gas & Fuel 3 Vis
Railroad
1944
16%
62%
531/4
251
1955
Laclede Gas Light
103
8
38%
61%
23%
52%
22%
1952
107'A
1st cons gold 5s__
iiSW 1st 5s
A Gen
108
98'/a
102
2'As debs
(NY)
Elgin Joliet & East Ry 3'As
Paso
38%
A-O
1955
jColl Si ref 5'As series C
6
108
107
J-J
1st M 3Vis
22
M-N
Vis —1962
106%
47%
53
J-J
1972
111
104%
22
J-J
1956
110%
6
56% !58/;,i
■•57
106%
30
Elec Auto-Lite
—1956
10
106
111
106% 106%
J-J
74
72%
111'A
104%
J-D
105% 106'A
111
44
99%
111%
41
Duquesne Light
1st
109'A
109'A
►109% 110'A
105%
J-J
Erie
11
3
ffADul Sou Shore & Atl gold 5s —1937
5s
109% 110'A
49
Dul Miss Si Iron Range Ry 3
*65
„
Koppers Co 1st mtge 3% s—
Kresge Foundation 3% notes
jAKreuger & Toll 5s ctfs
50
49
—1950
J-J
78%
103%
1
4'As
-
J-D
deb 2'As—-
52%
98%
6
Stamped
6%
J-D
Dow Chemical
56
11
July 1952
Kentucky Central gold 4s_i
Kentucky & Ind Term 4'As
56%
.—1995
gold 4s—
Term & Tunnel 4Vis— .—1961
Detroit
67 '/a
103% 103V4
101% 101%
55%
102
49'A
95%
57%
101% 101%
Kansas
4s 1995
gold
A Second
'
108
103%
79%
.—1970
ref 3s series H—
&
Detroit & Mackinac 1st lien
El
5%
78%
J-D
A
§ARefunding gtd-4s_™
17
54%
56'A
1
195
71%
K
Ry.-
Edison 4s series F—— —1965
Detroit
.
5%
F-A
51%
54%
99
F-A
tKansas City
Plaines Valley Ry—
Des
series
Plain
'
99
1956
1st gtd 4s
6s
Kanawha & Mich
105%
105% 106
2
95
65%
82 %
82%
69%
78%
67%
11
99
95
76%
65
M-N
RR—V
impt 5s series B.
82
99
82
91
59%
3
Jones
52
103%
—
97%
75
J-J
53
189
106% 106%
J-D
74
J-J
Kansas City Southern Ry 1st 3s
J-J
A Ref &
J-J
••
0 V'K
46%
72
89
75
68'/a
"f 39
3
;:
__
100% 101%
—-
1936
Assented
89
*72
J-J
92%
1947
58%
62%
'
46*%
79%
*92%
F-A
71%
100%
97
James Frankl Si Clear 1st 4s
73'/a
41
1
54%
53%
*61%
'
r':'
48%
206
*100%
62
38%
12
47%
*61%
J-D
4%s
—.1936
tDenver & Rio Grande Western RR—
i AGeneral s f 5s—;
.——1955
A
66%
65%
103%
*73
J-D
gold
5 AConsol
641/4
J-D
103%
4
59%
47%
■"
57
A-O
f
F-A
79
1963
,
10
102
*53
■■
1973
fDenver & Rio Grande
§ Alst consol 4s_.
90
Int Telep & Teleg deb gold 4%s
Debentures 5s
111
47%
.
1970
3s__
671/4
1950
gold 4s+
Int Rys Cent Amer 1st 5s B
1st.lien & ref 6%s
109%
30
101% 101%
J-J
Dayton Union Ry 3%s series B___I965
Delaware & Hudson 4s extended—1963
& Light
83
35
A-O
'Ref
Power
60%
85
67
&
5s series B.
Alst gold 5s series C
D
Delaware
58
27
83%
tAIowa Cent Ry 1st Si ref 4s
108%
102
—-
JiA-i—
—1953
3s^
24
M-N
70%
.'^Certificates
Dayton P & L 1st mtge
150
76%
77%
F-A
series A
.Alst
109%
*109% 110%
'
J-D
receipts
gold
i—
1952
\
A Deposit
receipts
A7VaS series A extended to
1946
>
ADeposit receipts
A 6s series B extended to
—1948
A Deposit
receipts—
Curtis Publishing Co 3s deb
78%
77
J-D
5s
^Adjustment
111
108
84%
75
1st mtge 3s series F__1961
JAInter-Great Nor 1st 6s series A.1952
112
A-O
ACuba RR 1st 5s
106
9
109%
J-D
s
Crucible Steel 3'As s f debs
ADeposit
107%
109% 110%
60%
77
1963
ref
Internal Hydro El deb 6s—
Internat Paper 5s series A Si B
109%
109%
M-N
t. debs—.—-—1950
1955
fAGuba Northern Ry 1st 5Vis.——1942
Co 2'As
Crane
106
*105%
M-N
,-1966
1969
3Vis—
1st mtge
M-N
M-N
1965
-1967
—1970
3Vis—
84%:
76%
J-J
Ref sink fund 6s. series A
mtge 3Vis
1st
52
J-J
70
62%
77%
M-S
59'A
50
50
97
37
77
Inland Steel
105%
105
97%
j-j ;
1951
1st
tAInd & Louisville
109'A
J-D
102
M-N
J-J
1st & ref 4%s series C
105%
107% 108
1st mtge
77%
M-N
Indianapolis Union Ry 3'As ser B.1986
; ;
J-J
1st
82
A-O
1951
Ind 111
103
Consumers
81
77%
M-S
1951
114%
105%
4s
*70%
64
Springfield Div 1st gold 3%s
Joint
111
101% 103%
102%
4s—
96%
.St. Louis Div & Term gold 3s™_1951
Gold 3'As
1951
107%
30
ADebenture
97%
*97
1951
113%
•/,_ '
/'■ 5
ADebenture
*97%
A-O
101% 103%
100
102
111 Cent and Chic St L & N O—
105% 105%
debentures
J-J
3%s_1953
111
114%
103% 103%
debentures
gold 3s
107%
A-O
3Vis
34%
1950
V
1948
1956
1958
1951
3Vis
1st
109'A
••
29%
1966
_
Bridge gold 4s
162
*..107%
:
72%
27
1953
19
*114% 117
A-O
117 VS
55%
138
1952
3'As
105
112% 113
J-J
debentures
3'/is
116
91
65
102
1951
29
107% 109
Consolidated Edison of New York—
3
116%
102% 102%
Western Lines 1st gold 4s
146
29%
29%
__1952
Louisville Div & Term gold
Omaha Div 1st gold 3s._
:
b
146%
May
103%
63%
J-J
1951
gold 4s
40-year 4%s_
52
33
F-A
3'As 8-f.debs.1953
Cigar
Consolidated
70%
1955
103
108% 108%
*109% 110
F-A
56
J-J
1955
lines
trust
11
104% 105
104%
A-O
—1958
—19iu
1961
L 1st & ref 4%s
Conn River Power s f 3%s A
Conn Ry &
gold 3'As
20
105
M-S
1968
3 Vis
debs
Conv
J-J
Apr 11969
w
;
1st
Refunding 4s
98'A
102
__
95
60%
59
104
104
116
63%
66
..1951
1st
Refunding 5s
M-N
65%
94
105%
68
104% 104%
1981
1st gold 3s sterling
Collateral trust gold 4s
10
107
106
92%
85%
103
1951
gold 4s
1st gold 3'As
A-O
137%
92%
Illinois Central RR—
106
100
130 %
23-
i'B
I
Mackay Corp—
w
A-O
2%s series A
107'A
A-O
May 1952
Debenture 5s
—1961
Columbus & H V 1st extl gold 4s—1948
Columbus & Sou Ohio El 3'As
1970
Columbus & Tol 1st extl 4s
1955
Income deb
F-A.
92%
65%
108%
107
106
104%
19
,92%
M-N
1957
111%
137% 137%
J-D
1949
110
«
106'A
107'A
A-O
98
"2
95%
21
1962
1st 5s A
*108
A-O
98
__
XX
•
M-N
gold 5s
J-J
Columbia *G & E deb 5s
ACommercial
1st
AAdJ income 5s
107
A-O
24
110% 110%
—
M-N
Feb 1957
105'%
Gas
1937
f 5s series A
s
F-A
1980
modified)
1st
57'A
238
Colorado & Southern Ry.—
(stamped
Coal
Hudson
100
99'A
110
75'A
65
68'A
12%
17
89'A 100%
66
88%
39
*97%
1954
debs
88%
42
108'A 108%
108%
F-A
1977
1981
Cleve Short Line 1st gtd 4Vis—_—1961
Cleve Union Term gtd 5ViS
1972
1st s f 5s series B gtd
1973
1st s f 4Vis series C
1977
Coal River Ry 1st gtd 4s—
1945
Colo Fuel & Iron 5s inc mtge
1970
4%s
Oil 4'As
Houston
M-N
ref 4Vis series B
Si
10
68 »A
J-J
General 4Vis series A
Gen
1999
J-J
M
111
92%
92%
M-N
99% 100'A
84
High
Low
9
13%
83
83
•
111%
106%
74
J-J
M-N
——1948
—1950
gtd
3Vis gtd
3Vis
C
110
1
•105
74%
1952
1969
100
109%
108'A
_.
98'A 100
100
J*J
J-J' '••
Sold
No.
High
72
Pittsburgh RR—
&
Cleveland
59'A
112'A 112'A
112'A
J-D
General gold 4s
82 %
110%
F-A
1975
2015
Gulf States Util 3%» series D
82
13%
__
AGen mtge Inc 5s series A
Range Since
January 1
Bonds
Friday's
*68
-
Feb
Hocking Valley Ry 1st 4%s
55
53
106% 106%
J-D
M-N
Feb
—;
Gulf & Ship Island RR—
1st & ref Term M 5s stpd...
3
77%;
59%
B
Gulf Mobile & Ohio 4s series B
:
28
77'A
74%
75
A-O
5s
ctfs
A Debentures
J-J
—1963
1963
Chic & West Indiana com 4s
1st & ref 4Vis series
,i
;
or
Sale Price Bid & Asked
Low
AGreen Bay & West deb ctfs A
Union Station—
1st mtge 3%s series E
1st mtge 3%s series F
Chicago
Week's Range
Last
;
Period
High
Low
No.
Friday
■.
Interest
New York Stock Exchange
Range Since
January 1
Sold
^ V-'-;
BONDS
-
Bonds
Sale Price Bid & Asked
Period
WEEK
FOR
RANGE
Si
Cine
Div
As
J-J
1955
M-N
64
103
16
103%
8
98%
v
104% 105%
;
106%
94%
105%
102%
104%
106 %
107%
103
104%
8
98%
103 Vs 103 y8
*113
__
107%
99%
8
106% 106%
104%
104
29
IG6V4 106%
105
105%
*103'/8
M-S
1952*
105% 106%
.
94%
98 %
1
103%
104
51
101%
105'/8
;
112
113
:
•
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4303
yolume 160
NEW YORK
RANGE
Friday
BONDS
Interest
Stock Exchange
New York
Period
BOND RECORD
WEEK
FOR
ENDING
JULY
28
or
Friday
BOND8
Week's Range
Last
451
Bonds
Friday's
Sale Price Bid & Asked
New York
Range Since
Sold
/,'/!
January 1
'•'/■',/
■
.
Week's Range
or Friday's
Interest
Last
Period
Stock Exchange
Sale Price
:<■
Bid & Asked
Bonds
Range Since
Sold
January 1
y
High
Low
:
Lota
High
Low
0.
HAN Y Susq & W 1st ref 5s
§A2d gold 4 Vis
§ A General gold 5s
M
Maine Central RR 4s series A
Gen mtge
1945
J-D
1960
4Vis series A
J-D
13
77
10
M-S
*58%
RR (Southern Lines)
1959
Af-N
*40%
1947
A-O
*102%
A-O
*102%
Shovel
Steam
Marion
1
s
4s
6s
Stamped
;
i
71%
N
68%
21
66%
76
99
52
98
65
M-N
A Manila
90%
97
657/a
Sugar 4s sink fund__Feb 11957
AManila Elec RR & Lt s f 5s
1953
Manatl
83
HAN Y West & Bost
/
Q-A
101
—
—
Metrop Wat Sew & Drain 5Vis
1950
t§AMet West Side El (Chic) 4s__1938
A-O
McCrory Stores deb 3 V«
Metrop Ed 1st 4Vis series D
A-O
100Vi
1st
:
106
Norfolk
111%
North
92
3
99% 100
*8%
;7
Jack Lans
M-S
*97
1st
i
M-N
M-S
*5
107 y8107%
102
102
29
55
10
97
34
75%
M-S
11
11%
27
70%
ref
&
A Ref
&
gold 4s
ext
50-yr 5s series A
11
*4%
Q-F
7%
109%
108'A
110%
Ry 1st gold 4s_1996
39%
3s
131%
O-A
88 Vi
87
82%
89%
53
37%
47%
40
48
129
131 %
131
/
Jan 2047
impt 5s series C__
States Power
5%
61%
84
96%
335
80%
98%
82 Vi
83%
27
67%
88
82%
83 %
62
67% / 88
108 % 108%
22
A) J-J
J-J
j.2047,
2047
Co—
(Minn) 1st & ref mtge 3 %s
1st mtge 2%s
12
66
102
95%
J-J
impt 5s series D
51
96%
2047
&
70%
112
78
&
&
98
53
20
67
77
J-J
Ref
88%
98
77%
2047
-Northern
103
69
Q-A
Ref
<
121%
92%
97%
*63
2047
6s series B
129
'
214
65%
66 %
Q-F
153
125
116
'
__
101% 103
103
registered
& impt 4Vis series A
impt
31
39%
*33
Ref
■■
90%
3%
6.
F-A
Q-J
Q-J
JMinneapolis & St Louis RR—
A 1st
A-O
*120
102
87
65%
108%
39
J-J
1961
A
Ref
71
102
86%
A-O
2
*129
.
111
18%
87
1998
5s
gen & ref 5s
4%s series A
ref
95
109%
109% 109%
M-S
&
14
(C
25
*108% 110
A-O
M-S
i
107%
106 Vi
33
Western
II
M-S
'
1974
94
;
73
9%
*109% 110%
24
2014
RR
■/• Gen. lien ry & Id gold 3s
105%
102%
42
90%
89%
J-D
1949
1962
100%
107%
J-D
1939
5 Con sol ext 4 Vis
A
so%
J-J
97
95
104 Vi 104 Vi
& Sag 3Vis
1951
gold 3 Vis
1952
Ref & impt 4Vis series C
1979
Michigan Cons Gas 1st mtge 3Vis_1969
HA Midland of N J 1st ext 5s
1940
HAMilw & Northern 1st ext 4%s„1939
&
II
Northern Pacific Ry prior lien 4s__1997
4s registered
1997
19%
23
9%
Co—
Central
Gen
Michigan Central—
i.
21
1974
100
16
Ry
4%s series A
HANorfolk Southern
109%
~3'/
109% 110%
r-a
Southern
mtge
AGen mtge 5s conv inc
105
*105 % 106
M-S
15
J-J
Norfolk
96% 100%
12
507/a
30
87
J-J
1946
1955
102%
34
20
M-N
1967
1966
102%
101%
—
100
1943
1st 4Vis
Niag Lock & Ont Pow 1st 5s A
■
__
77
9 Va
Y Telephone
3Vis series B
High
50
20
ATerminal 1st gold 5s
.
1945
1955
1960
1940
Low
44
48%
J-J
" ' F-A
'.F-A
1937
Niagara Falls Power 3%s„_
—
Market Street Railway—
(Stamped mod) ext 5s
1937
No
High
1967
1974
1964
(Wise) 1st mtge 3%s
/./ F-A
110% 114
110%
108%
6
100'A
100%
13
100% 100%
F-A
A M-S
110%
112'A
mine St Paul & Sault Ste Marie
62
47%
29%
1938
1838
J-J
46%
46
47%
J-J
48 'A
47 Vi
48%
40
30%
48%
§ Alst stamped 5s gtd as to int__1938
J-J
46 Vi
46%
46%
24
29'A
46%
1946
J-J
6%
6%
5
§ Alst cons 4s stamped
§ Alst
consol 5s
& ref 6s series A
Alst
1978
80
j.j
_
///
;
80
103
103
J -J
1959
Alst & ref 5Vis series B
fAMissouri-Illinois RR 1st 5s
Mo Kansas & Texas 1st 4s
y
5
1
fOgdensburg & Lake Champlain Ry—
§ A 1st guaranteed 4s
1948
»
81
73%
.
1
.
O
7%
Ohio Edison
105
100
1st
71%
56%
./A/;/
A Cum
adjust
/>.AV
87
64 Vi
75
Ontario
1962
J-J
58'A
58
59i/a
44
53%
64%
J-J
62%l
62%
63%
80
57
69%
Ore
A-O
49%
49
50%
79
36
57%
series A—Jan 1967
5s
Elec
&
Transmission
3%s
1st
5s
1st cons gold 5s
Guaranteed stpd cons 5s
Oregon-Wash RR & Nav. 4s
1965
1975
1977
1978
F-A
66%
160
68
65%
56%
,
111Vi
6
108'/8
111%
108 Vi 108%
18
104%
110 Vi
J-D
M-N
*103% 104
103%
104
1946
1946
1946
Oregon RR & Nav con gold 4s
1978
^Missouri Pacific RR Co—
Alst & ref 5s series A
A
108
J-D
J-J
*104
105
104'A
105%
106'A
108%
1961
731/4
Short Line
106'A
106'/a
1966
70%
72
Gas
104 %
26
20%
18
1972
69
72 %
117
20%
18
106'/a 106%
20
1945
70
J-J
Oklahoma
40-year 4s series B
Prior lien 4 Vis series D
V:
mtge 3%s
J-D
..
15%
104% 104%
106%
M-S
J-J
J-J
1967.
1990
5s series A
270
104%
J-J
M-N
.,
.
1965
mtge 4s.--i.__
1962
Missouri-Kansas-Texas RR—
Prior lien
1st mtge 4s
1st
111
106% 106%
r.
106%
106 % 108
5
106%
108 Vi
25
106% 106%
J-J
•1
106'A
110%
72%
22%
30
M-S
66
65%
68
510
56%
73
M-N
67
65%
68
367
56%
72%
1949
gold 5s series H
1980
5s series I——..—1981
M-N
12
11%
12%
169
9%
13%
Pacific
gold 5s
1940
J-D
A-O
67
65%
67%
259
56%
72%
Pacific Gas & El 4s series G
1964
J-D
108
107% 108%
10
107%
110%
J-D
110%
110
21
109%
111%
111
110% 111
110
111%
4s—1991
Monongahela Ry 3'As series B
1966
M-S
105%
105Vi 105 Vi
AGeneral
:.AAS:
ref
&
Alst
4s
ref 5s series F
&
Alst
series G__
5s
gold 5Vis
AConv
Alst
&
ref
A 1st
&
ref
Moh'k & Malone 1st gtd gold
M-S
:
28%
29%
27%
:V:
1,070
67%
437
70%
6
67
F-A
mtge 4Vis
1960
1965
1966
1951
1958
2000
1955
1955
1968
1947
ext
5s
Tramways
& Co 3s debs
1st gtd 3Vis
Essex
&
Morris
1st & ref 3%s
Power
Montreal
A
Constr M 5s series
M 4Vis series B
Constr
Vis
Mutuai Fuel Gas 1st gtd 5s
Mountain States T & T 3
J-J
1961
110%
2
1966
1st & ref mtge 3s series J
1970
J-D
1st & ref M 3s series K
1971
J-D
1966
A-O
1966
J-D
*109% 110%
108%
110%
1955
J-J
*103
110
106
106
1960
M-N
*104
105
103
105'A
.
114'A
94%
2
Paramount
57
56%
57%
81
48%
64
64
66 %
60
47 %
69%
59 %
M-N
M-N
•
110%
•
,.
f
Broadway Corp—
gold 3s loan ctfs—;
1955
.
•.
3%s trust ctfs D
Guaranteed
——
104%
106
108
110
85%
96%
113%
116%
*100% 103 %
101
101%
*
109 % 109%
108
10512
1051|
105 IB
105
105
105•
F-A
96% /'■
/
96%
96 Va
*113%
J-D
M-N
F-A
1944
110%
Gtd 4s series E trust ctfs
1952
111%
.1.1'";
■
104%
21
6
108% 109
M-S
/•*
112
Secured
1963
4s
Pennsylvania Glass Sand 3Vis
1st
*''•)!
'
N
'
■
J-D
1960
1st
1978
F-A
Prod 3Vis debs
'Nat Distillers Prod 3Vis_
3Vis sinking fund debentures
1960
1949
1949
J-D
M-S
1965
A-O
1954
cons 5s
1948
gtd 5s
1945
J-J
1945
1952
4Vis series B__
1961
VN J Junction RR gtd 1st 4s
-1986
New Orleans Great Nor 5s A
1983
N O & N E 1st ref & imp 4Vis
1952
New Orl Pud Ser 1st 5s series A__1952
V 1st & ref 5s series B
1955
;New Orleans Term 1st gtd 4s
1953
tNew Orleans Texas & Mexico Ry—
§ANon-cum inc 5s series A
1935
J-J
91
mtge
1st
3s
Newark Consol Gas
fANew England RR
AConsol gtd 4s
Tel & Tel 5s A
New England
1st gtd
of
ACertiiicates
of
ACertificates
Alst
5Vis
Alst
Ref &
&
1954
A
of
deposit
__
Ref
Ref
1st
/
Y
M-N
3Vis
F-A
registered
registered
5Vis
101%
J-J
101%
J-D
102%
102 Vi
101%
102%
105
80%
4Vis
62
extended to
1st
Dock
70%
71%
84%
72
82%
81%
6
72
80%
71%
75%
5
69
78
83
-
--
83
83
74
.
v
*100
J-J
75%
213
59
70
430
56%
74%
A-O
75
74%
76%
379
63
81%
163
87
100
M-N
99% 100
I
■'
F-A
77%
*—
F-A
8
78%
69%
70
A-O
1973
.1973
4 Vis series B
M-S
98%
98%
—
—
■
101%
96%
65
109
109%
109% 109%
110%
F-A
J-J
*105%
r
J-J
M-N/
M-N
/■
•'
104
.
87
J-J
A-O
88
1957
M-N
25%
J-D
51
4s
4s
Alst & ref 4Vis series of
1927—1967
/
44..
/ 58 :
-2
■
_
M-S
71V
///; 77
1st
21
46/
60%
50%
: i
J—'
48 *■:;
J-J
48%
M-N
49%
49
50
48
49%
/v
60
45%
59%
46%
61
92
50 :■%
45%"
4
85
49%
49
1954
4s
AGeneral
,NY4 Putnam 1st cons gtd 4s
N Y Queens El Lt & Pow 3Vis
N
Y Rys prior lien
N Y Steam
For
6s stamp
Corp 1st 3Vis
footnotes
1992
M-S
1955
4s
46%-
61
45%
59%
2
-
51%
50%
64
88%
82
25%
104
16%
31%
52%
281
48%
63%
203,
58
see
page
452.
A-O
1965
1958
1963
M-N
17%
16%
65%
65%
363
5%
'
106%
112%
76%
7
55%
44%
33
75%
75%
42%
•42%
106%
100
101'A
63
94%
94%
12
94
95%
57
105'/a 105%
5
100%
94%
94%
—
<
"
*125%
107%
111%
16
102%
104
65
667/a
219
26%
3s
104%
28%
194
17%
11
104%
105%
104%
106%
64
7%
14%
5
6'/a
17%
100 7/a 101'A
110
100%
101'A
103%
104
104
101
17%
13%
104%
A-
*104
■
19%
*112
112%
112
113%
*113%
M-N
F-A
F-A
112%
*112%
J-D
113%
*122
J-D
A-O
J"J_/<
121
121%
7
123
121%
123%
20
106% 107
103 Vi 103%
M-o
123%
123 %
116%
122 Vi
116
1
123'A
106%
107 Va
102
105
102%
11
*104% 105
J-D
J-D
J-L>
A-O
A-O
J-D
115
122'%
123
125
*123%
M-n
105%
105
~l
101%
79%
80%
11
59%
83%
79%
79%
2
58%
83
79%
79%
3
58
83
105
-
.
105
107% 107%
121% 121%
*107%
*121
F-A
J-D
J-D
91
92%
J-J
92%
103% 103%
*108% 109'A
J-J
J-J
*
F-A
£
102
*23%
M-N
M-S
r J-J
M-N
J-J
86
94%
78
99%
105%
2
101%
105%
108%
109%
113%
100'%
103
*113%
102
J-J
60
113%
104% 105
105
>
102%
15
17
25
98 Vi
*101%
30%
100 %
110
*110% no7/.
110%
106%
107%
*148%
147%
147%
*222'/a
,.
J-D
A-O
18%
5%
72%
31
13%
..
1968
:—1972
1091/a
38%
*104% 105%
167/8
F-A
ref mtge 5s—
132
125%
104% 104%
M-N
„,
131
10
„
26
66
F-A
1958
97
55
■
2037
1st fi ref mtge 8s
——2037
Public Service of Nor 111 3 Vis——.1968
&
82
1087/a
28
M-S
»
96
87'/a
103% 107
102% 102%
J-J
1964
101%
105 7/a
108
M-N
3%S—
1st & ref mtge
1st
95%
107% 107%
J-J
M-S
1937
53
107
121
132
132
J-J
J-J
M-fl
J-D
81
23%
105 7/a
*106
F-A
Public Service El & Gas
224
224%
108
111%
107% 107%
108% 108%
R
55
4
5
52
69%
110
110
7
110
111%
106
110
110%
112
106%
9%
104%
5
'
4s———1957 ;
4s
1956
66
106
1
105Vi
108
Gen St ref 4Vis series A
106% 107
21
106%
109
Gen & ref 4Vis series B
5
J-J
J-J
17%
99%
'-
1962
1st 4 Vis series A
t A Providence Securities
v
102%
'106% 106 Vi
113%
213
*
t A Providence Terminal
94
24 Vi
51
v
53%
87%
;
J-D
1993
89%
;
tAHarlem River & Port Chester—
*AN Y Ont & West ref gold 4s
i
83'A
49%
A-O-
M-N
://
101%", 105%;:.
..48%
52%
1940
4s
deb
87
.'
>'
113%
105%
,
4Vis series B
1959.
1st mtge 4%s series C
1960
Pitts Young & Ash 1st 4s ser A—1940
lit gen 5s series B
1962
i
1st gen 5s series C
1974
1st 4Vis series D
JJ}7?
Pittston Co 5 Vi inc deb
1964
Finland Gen Elec 1st 4%s___--I960
1st 5s extended to
1950
Potomac El Pwr 1st M 3%s———I960
1st mortgage 3'As
1977
Pressed Steel Car deb 5s
—1951
103
*48%
49%
1948
deb
ANon-conv
102
.
105%
104%
106
J-J
1st mtge
111.
104
■
80'A
115%
'109%
V
-I—
/
/105%
/.
"7
V
„
87
.
AConv deb 6s
5 A Collateral trust 6s
ANon-conv
.
79%
'
ADebenture
3Vis
110%
114
*103%
-
J-J
3Vis__
deb
109
108%
.117%
.
A110% 110%
M-N
1956
deb
ANon-conv
106%
97
50
152
J-J
D 4s
Pitts & W Va
*114
J-D
ADebenture certificates 3 Vis
ANon-conv
96%
28
108% 109
A-O
M-S
4s
78%
6
A-O
1947
1947
1954
1955
1956
deb
ANon-conv
'
108%
95%
152
M-S
•
1945
1949
1953
1957
1960
Series I cons 4 Vis
1963
;Series J cons guaranteed 4Vis—1964
Gen mtge 5s series A
1970
Gen mtge 5s series B
1975
Gen 4%s series C
1977
Pitts Coke ft Iron conv 4Vis A
1952
Pitts Steel 1st mtge 4Vis
1950
1st mtge 4 Vis series B
1950
102%
105
102% 103%
*
Beries E 3 Vis gtd
99
1
9
96
F-A
87
180
98%
101% 101%
108% 108%
—
A-O
106%
121
112
guaranteed
gold
Series F 4s guaranteed gold
Series G 4s guaranteed
Series H cons guaranteed 4s
Series
73%
95%
89
115%
112
Pittsburgh Cine Chi & St Louis—
|
79%
63
1
19
112% 113%
1963
;
1st s f 4s
of deposit
/Phillips Petroleum 2%s debs
78'%
62%
49
73%
105% 106%
106%
,
84
65
120% 121
103% 104%
—1949
debentures
ACertificates
91%
18
.77%
70
__
3s
96%
72%
73
F-A
:4 83%
80
90%
77%
F-A
90
115%
103%
1967
45 A Philippine Ry
100
96%
91%
95
96
J-J
109
102%
1977
1961
Philip Morris Ltd deb 3s
78%
68%
125
114% 115%
115%/
121
64
113%
ref mtge
6s
106%
4
113%
1974
B
98%
147
.
__
73%
108
104% 106 %
J-J
1947
109%
109%
123% 123%
A-O
2%si—_—_—1971
^Philadelphia & Reading Coal—
^
A ref 5s stamped
;—
1973
85%
i
109%
108
*108%
106
112% 113%
:
gold 4%s series C
Philadelphia Co coll tr 4Vis
Phila Electric 1st & ref 3Vis
&
106%
108% 108%
M-8
J-D
1st
110'A
11
107'% 108 %
1952
conv
series
108%
108%
1984
E
3 Vis deb
Phila Bait & Wash 1st gold 4s—
5s
105%
A-O
1980
1952
Phelps Dodge
109%
1
14
A-O
1970
1981
General
87
73%
17
83
*—
A-O
gold 4%s_—
gold 4Vis series C_
General
80
68%
i
81
75%
F-A
1968
B
mtge 4 Vis'series
deb 3 Vis
106
109%
,
110%.
107%
J-D
J-D
1965
series A_
series
107%
•f 108 % 108%-.
...110
A-O
'
Apr
: • F-A
1st
82%
5
69%
2043
2043
M-N
A-O
F-A
1970
1960
1960
AIncome 4s—
:
Apr 1990
Peoria & Pekin Union Ry 5Vis
1974
Pere Marquette 1st series A 5s
1956
1st 4s series B
1950
75
61
60
80
81
F-A 1
1947
1965
V951
1965
series C
mtge 3Vis
Connecting RR 3Vis A
May 1 1948
Peoples Gas L & C ref 5s
Peoria & Eastern 4s ext.
104
80 Vi
80%
96
71%:
v
Conv
104%
3:
:•
72
*68%
A-O
Gen
102%
74%
;.tN Y New Haven & Hartford RR—
/
93%
101% 101%
A-O
A-O
M-N
General 4%s series D
103
8
102% 103%
94%
1
102 A 102%
J-J
11
101% 102
101% 101%
5s
Debenture
84%
847/a
J-J
1974
1978
series A
Mtge 4s series B
s
126
4Vis
General
117%
122%
*85
J-J
1948
—
109%
,
,
.
mtge 3%s series C
sinking fund 4%S
General
93%
114%
F-A
1997
1998
1998
—1998
1998
3Vis
Mtge 4s series A
*
; 84%
2013
1952
1997
N Y Lack & West 4s series A
J
21
124
124
A-O
gold 4s
N Y Edison 3 Vis series D
1st lien & ref 3 Vis series E
1966
N Y & Erie—See Erie RR
N Y Gas El Lt H & Pow gold 5s—1948
Purchase money gold 4s
1949
N Y & Harlem gold 3 Vis
2000
N
84
91%
90%
12
*115% 117%
J-D
Cons
95%
93
92%
Gen
116/
113%
1998
Hud River 3Vis
F-A
F-A
3%s
debentures
AConv deb
1945
1969
1974
*109%
J-J
J-J
D:
ser
& Light
Pennsylvania RR—
Ccnsol gold 4s
4s sterl stpd dollar
104
York Chicago & St Louis—
New
;N Y
105%
99%
2013
Mich Cent coll gold 3Vis
3Vis
103%
103%
2
3%s
ref
Power
4%s
Bridge Co—
Lake Shore coll gold
3 Vis
102%
9
*113% 114
—
registered
3 Vis
24
104
102
*70
impt 5s series C_.
Cent
Y
107%
93
80%
-1956
4Vis series A
Conv secured
N
105%
deposit
Central RR 4s series A
Y
Ref & impt
103%
deposit
Newport & Cincinnati
General gtd 4Vis
N
150
*—
1956
of
series
ACertificates
M-S
-1954
series D
ACertificates
104%
82
&
Penna
107 7/a
•" 104
104%
deposit
of
ACertificates
Alst 4Vis
105%
•*—
C
series
5s
9?%
deposit
5s series B————
Alst
6
104% 105 %
92%
Steel
National
VfANaugatuck RR 1st gold 4s
t: 36
107% 107%
J-D
Dairy
:
92%
92%
M-N
Nat
-t)
103% 103%
L 4s series A
Nash Chatt & St
1968
1981
ref 4Vis series B_
&
'
;
106'A
2
105% 106
.
109
5
110
s
3s B
.Pennsylvania Co—
65
43%
107
60%
59%
110
«
J-D
M
f gold 4%s
s
Paterson & Passaic G & E cons 58-1949
63%
M-N
'
1st
1st
East P L
Panhandle
101%
J-D
3%s series C
mtge
Paducah & 111
96%
100 %
96%
*94%
101% 1011/2
M-N
111
Ref
111%
105% 109-
17
J-D
Pennsylvania Ohio & Detroit RR—
'
99%
98
*100
'
105%
108%
5
•
107% 108%
••
;
,
112%
112
:^£v'v-"V\
•
107%
J-D
4
109% 109%
109%
A-O
Montana
ref mtge 3%s series H
Pacific Tel & Tel 3Vis series B
debentures
Morrell (John)
73%
104%
*105% 106 Vi
—
A-O
1st
72%
1st
Co
Coast
&
1st & ref mtge 3Vis series I
Monongahela W Penn Pub Serv—
6s
56%
60
65%
70
F-A
Is*
Reading Co Jersey Cent
coll 4s
1951
1997
1997
.
*100
A-O
J-J
J-J
103%
103'/a
97
10374
102% 104
103
103%
73
94
20
94%
105
104%
104%
i
THE COMMERCIAL &
452
YORK BOND RECORD
NEW
Last
Interest
Stock Exchange
Remington Rand deb 3'/as
Revere Copper & Brass 3fts
M-N
__
92 ft
A-O
66%
107ft
'l
ioi y2102 ft
90 ft
92 ft
60ft
66ft
103
95
81
134
44ft
66ft
111ft
111ft
5
107%
—
US
46 ft
46 ft
47
12
39 ft
14%
16 ft
46
11
Gas & Elec
15 ft
17ft
109
12
19
«•
stpd
Francisco Ry
Louis San
ISt
1950
-----
.1950
1950
lien 5s series B
APrior
of deposit
1978
ACons M 4fts series A
—1978
ACertificates of deposit stpd
ACertificates
Louis-SouthwesterQ Ry—
1st 4s bond certificates
a 2d 4s inc bond ctfs
tSt
1989
Nov 1989
1952
J A 1st term & unifying 5s—
a Gen & ref goid 5s series A
1990
St Paul & Duluth 1st cons gold 4s_1968
t§ASt P & K C Sh L gtd 4fts
1941
St Paul Union Depot 3%s B
1971
Schenley Distillers 4s s i deb
1952
Scioto V & N E 1st gtd 4s
1989
JSeaboard Air Line Ry—
§ Alst gold 4s unstamped
§ a4s gold stamped
8 A Refunding 4s
—-ACertificates of deposit
Alst cons 6s series A
ACertificates of deposit
1950
1950
iyay
1948
1933
1935
-1935
1954
Union Oil 2fts debs
23/< s sinking fund debentures
1961
1941
7s
195*
Simmons
1953
M-S
deb A—
Elec Ry
Northwestern Ry
Skelly Oil 3s debentures
Socony-Vacuum Oil 3s debs
South & Nor Ala RR gtd 5s
South Bell Tel & Tel 3y48
ly'y
Aug 1949
1949
1977
1968
(Cent Pac coll)
registered
4s
A
1962
Pacific Co—
Southern
'
4s
(Oregon Lines) A
1st 4y2s
Gold 4 fts
1969
1981
1950
1955
Gold
Gold 4y2s
Fran
San
Term 1st 4s
ref gtd 4s
Pac RR 1st
South
1950
1964
1963
debentures
3s
Stamped
----
J-J
*—
..
J-J
42%
gen
46
ft
2.05s
32%
45 ft
17
2.10s
F-A
14
84%
85
24
70%
81
68
57 ft
82
58 ft
60 ft
86
i
102
2
103%
43
69 ft
21ft
32%
67
109
A-0
30
29 ft
30 ft
27 ft
28 ft
3
M-S
40
39 ft
41ft
420
39 ft
38 ft
39%
M-S
57%
57%
57%
26%
'
69
20
May 1 1954
M-N
*102
102 ft
Nov
1 1954
M-N
*102
101%
May 11955
M-N
*103
102
103
A-O
*103 ft 103%
101%
104%
26
97%
99 ft
112
112
1
109 ft
111%
7;: /
27%
42 ft
Va
60 ft
26%
24
30
100
48
100ft
M-N
M-S
gold 5S..1949
Southwest 1st gtd 5s
2003
M-8
Iron
1st
6
52 ft
65 ft
60
1st mtge
77
76
84
77ft
235
300
105%
105% 105%
12
100% 102%
367
A-O
,iC
105
A-O
86%
104
65%
J-J
110
110
9 lft
110
J-D
*107
105
96
108 ft
3
/:
100 ft
106
4
:•
110ft
112 ft
106%
107ft
'
110
100%
3
■
87 ft
110ft
//v
53ft
J-J
102% 103'A
12
102 ft
105%
27
104 ft
J-J
102 ft
29
104
103% 103%
:/:■
10
M-N
103
refund
Gen
Ref
& lmpt mtge
1944
F-4
J-J
112
J-J
100%
J-J
105%
1940
MS
97%
Af-N
107ft
J-D
105
105%
45
102
MS
105%
105'A 105%
38
100%
107
U-N
101%
101% 101%
23
101
101%
Pacific
1st
5s
A
ser
Telegraph
Union
S
B
1st
of
ACertificates
Gen
&
ref
5s
series
96%
88 ft
101
27
98%
106%
52
77%
97%
107ft 108
105
99%
107%
39
55%
J-J
64%
64%
66
10
53
M-S
*110ft
MS
4-0
♦103% 104%
J-J
:
68
Af-N
65%
14%
1968
14%
J-J
1960
*110%
A-O
1971
M-N
■
-v
'
*
—
v
■
,
30
.
,
105'/a 106
116%
74%
70
15 ft
22%
18
14'/a
;
109%
_
2
104 ft
116 Va
60%
"
44
110
27
110
99%
57'A
■
16%
14'A
15 ft
•''
—
114
68
67
16
deposit
;.
.
»
69 ft
91%
119
.
111%
1017/s
99 ft :
99
99
72%
110 ft
—
*._
Public Service 3fts
:
70
J-J
1930
108
101ft
68
1949
1st 4s
:ilV.
.
68%
deposit...
Wisconsin Elec Power 3fts
Wisconsin
9
214
96% 100 ft
J-J
1960
Central 1st 4s
of
109% 110ft
105% 106
Co—
4s
5ASu & Du div & term
r
110ft
107%
110
101ft
106
X
1118
111 §113'
103
112
30
1051/4
a
102%
102
103
4-0
106 ft
106
106ft
10
105
M-N
106
106 ft
62
1051/4
.
J- D
122% 123
3
115ft
123
delivery
the year's
In
103ft
Included In the years range,
d Ex-Interest.
e Odd-lot sale not
Under-the-rule sale not included In the year's range,
r dash sale
not
sale
the year's range,
not Included
106%
2000
91ft
44
Deferred
Included In
106 ft
F-4
1959
gold 5s
112ft
109%
A-O
1977
105 ft
1965
Pacific 1st
109%
1952
107%
1950
deb
Company 3s
debentures
^
101
119
108ft
m
*106
Texas
Texas &
*107 ft
1953
Ttxarkana & Ft Smith 5y2s A
3s
JmJ
3%s series B—1974
f gold 4s
s
1951
101
117'%
118%
1966
1st
Youngstown Sheet & Tube—
1st mtge s f 3fts series D
Tenn Coal Iron & RR gen 5s
Terminal Assn 8t L 1st cons 5s
101ft
103%
102%
n
103
102%
series I
Maryland
ref
'
105%
103%
105 ft
102 ft
*106%
.
V
—
53
98
101
1
.-''
4s
Power 3fts
Penn
ACertificates
106%
104
49
101% 101%
5fts series A
104
105
J-D
49
38%
*108 ft 109
JAWisconsin
60
105
84
2
102
95%
3-D
111%
52
87%
56
9
1967
mtge 3 ft8
Winston-Salem
107%
103 ft
M-N
104%
68
81ft
*118
Funding & real estate 4fts
25-year gold 5s
i
118 ft
92 ft
110ft 110ft
1961
1953
105
33
105% 106
J-D
/
100 ft
137
101
100
*100%
Western
102%
117
J-J
J-J
6
97,
1950
1951
30-year 5s
1960
Westinghouse El & Mfg 2fts
1951
West Shore 1st 4s guaranteed
2361
Registered
2361
Wheeling & Lake Erie RR 4s
1949
Wheeling Steel 1st 3fts series B—1966
Wilson & Co 1st mortgage 3s
1958
ft
84
246
107% 108 ft
108%
111
*100
5s stpd gtd
Lig
tAWestern
106%
73 ft
105
77%
77%
100
J-D
1st &
101%
!
93
87 ft
Apr
f-A
Western
—.
114% 118 ft
1st ref
4s
1950
85
65%
77 ft
1st mtge
1945
1945
West
89%
66%
75%
87 ft
106%
86
F-A
Gen
101ft
96
78
76
118ft
80
102ft 103ft
Q-Af
101 ft
69
:
J-J
J-J
gtd gold 3fts__2000
1948
F-4
102 ft
Apr
Washington Term 1st gtd 3fts
1st 40-year guaranteed 4s
r.y.94
390
102%
J-J
100
33
106% 108 ft
Washington Central Ry 1st 4s
108 ft
95%
..
83%
82
.
4-0
mtge inc 4ft s ser B
Warren RR
108%
105 ft
11
♦100 ft
76%
1955
106%
Westchester
107
100% 100 32
76%
1971
1981
1991
J-J
4s series A
4s inc series A
Walworth Co
106%
124 1
123
4^
83 ft
A-O
US
98'ft
106ft
1
23
97
w
103%
105 ft
14
108% 108%
M-N
1960
96 ft
97
90
Wabash RR Co—
105%
103
107 ft 107 ft
MS
2
98%
106ft 106ft
A-O
AGen mtge
105% 106 ft
M-N
98%
J-J
1958
5s
cons
__
_.
110ft 110ft
54
103
105ft
*126 :/.
-
1st
Virginian Ry 3%s series A....
■
10033
Coal & Coke
B
102%
60
-s, »,.
*108%
*112
1957
1968
Pwr 3fts series
102
*103% 103%
*\;
r-A
98 ft
98
98 ft
102ft
62
27
"105
MS
M-S
1955
A
series B
Cons 8 f 4s
42%
5
101 ft 101 ft
J-D
1959
3%s debs
Pictures
Va Elec &
Va &
101% 102
;V
1951
w w
v
43%
34 ft
J-J
4fts
Vandalla RR cons g 4s series
31
28%
F-4
A-O
102 ft
103 ft
Universal
68 ft
67
■
102
*102
128 ft
43 ft
65
.y
103
*101%
M-N
105'A
65 ft
A-O
101%
101%
*101%
M-N
1 1953
1 1952
104 ft
65 ft
F-A
101%
101 ft
M-N
1 1953
NOV
United Stockyards
4
104
4-0
4-0
101 ft
Nov
May
2.65s
38 ft
30 ft
61
35%
35 ft
26
A-O
.1359
1956
1961
101%
__
104
ASpokane Internat 1st gold 4y2s—2013
Stand Oil of Calif 2%s debs
1960
debs
Oil 3y2s debs
Swift & Co 2%s debs
102
101'ft
2.55s
100
92
*52
debenture
101ft
•101ft
2.60s
ft
64
38%
*111
Sunray Oil Corp 3 ft
*101 ft
M-N
2.50s
86
78 ft
105% 105%
Apr
F-A
Superior
101%
*100%
M-N
2.40s
106
97
60
-
2.45s
37%
28 ft
126 ft
F-4
104 ft
M-N
35
J-J
101%
1 1950
34
26%
54
May 1 1952
Nov
2.35s
102
104
104ft
104
104
May 11950
2.15s
103% 103%
J-J
F-4
102%
2.20s
U-N
F-4
107'ft
100%
102ft
50
4-0
111%
106
2
100%
37%
MS
109
2
101%
48%
35 ft
31
111
;
101%
28 ft
104
111%
107% 107 %
102% 102%
J-D
*100%
36 Va
'
A-O
106%
106ft
*101
36 ft
*100%
107
102ft
M-N
715
_'
102%
37
21
M-N
409
J-D
3
106ft 106ft
11949
623
59%
J-J
108%
106% 107
May 1 1949
Nov
-
36
—-^ '•••■
'
107 ft
107
Serial debentures
46 %
105%
•
J-J
103ft
Corp—
47ft
M-N
Standard Oil N J deb 3s
Steel
States
34%
1964
1968
1972
2%
United
94
79
M-N
19%
A-O
A-O
35%
J-J
104
107 ft 107 ft
1952
1958
45
"I'.•'
106
102ft
"103
Cigar-Whelan Stores 5s
United Drug 3fts debs
45.
'
103 ft
107 ft
A-O
33
836
43
—
110%
14
J-J
1955
United
100%
24
w
46 ft
...
us
J-J
1907
45%
J-J
112
111% 112
105 ft 105 ft
19
U-N
89 ft
44 ft
42%
107%
112
F-4
United Biscuit 3fts debs
99%
97 ft
92%
42 ft
42 ft
'm—m
1956
1956
1958
1990
1951
4s series A
Devel & gen 6s
Devel & gen 6y2s
Mem Div 1st gold- 5s
St Louis Div 1st gold 4s
Southwestern Bell Tel 3 fts B
1st & ref 3s series C
Southwestern Pub Serv 4s
Devel &
7
'
1994
Ry 1st cons gold 5s
Southern
100'/a 100%
3f-S
106%
A-O
1970
1971
1980
A Gen
&
Chic
See
99 ft
99 ft
II
105 ft
1945
1959
(Chic) 5s
grant
34-year 3y2s deb
35-year 3'/2S deb
Ref mtge 3»/2s series A
76%
95
104
103%
*107 ft
Af-N
1st & land
95ft 100%
109
101'ft
27
101% 102 ft
Pacific RR—
Union
75 ft
63
"2
2
•
106
62 ft
99 ft 100
40 ft
103
101%
A-J
1971
debentures
3s
Div—
& Pacific
City
ft
■
-----
Shell
*§ASilesian-Am Corp coll tr
Co debentures 4s
99
----
tgAAtl & Birm 1st gtd 4s.
tASeaboard All Fla 6s A ctfs
a 6s series B certificates.,
Sioux
76%
106
'
.1950
lien 4s ser A
«ACertificates of deposit
APrior
76%
—
M-N
1959
.1958
1958
Rocky Mt & P 5s
L
S*
78%
A-O
.1959
5s
Pub Serv 1st mtge
Bt L
*74ft
96%
U
108 ft
106
*..
105
9
107% 108 ft
>107%
J-J
30%
7
J-D
Union Electric Co of Mo 3%s
A Union
4-0
340
103
*103% 104
A-O
1949
1st gold 5s
16%
16 ft
J-J
83 ft
81%
38%
80
37%
103
50
15ft
J-J
1966
38 ft
J-D
ly50
1st 4s
1st gold 4s._ 1940
Ham & Buff
Trenton
Tri-Cont Corp 5s conv
108ft 108ft
High
112
71
40
109 ft
Toronto
J-J
1968
1947
Ltd 1st M 4fts
Grand Island 1st 4s
1947
.1996
8t Lawr & Adir 1st gold 5s
1998
1990
2d gold 6s
—
—1998
■n—
JSt Louis Iron Mountain & Southern
River & Gulf Division
1933
A 1st 4s stamped
A Certificates of deposit——---Jos &
St
80
A-O
Jan 1960
Union Oil of Calif 3s deb
Saguenay Pwr
J-J
Toledo St Louis & West
M-S
MS
Low
M-S
1960
Ohio Cent ref & lmpt 3%s__ 1960
Tol &
January 1
Sold
No.
High
108
1964
5fts A
Third Ave Ry 1st ref 4s
AAdj Income 5s
Tex Pac Mo Pac Ter
Range Since
Bonds
Friday's
Low
—
*111'/*
•
101ft
64
*125%
US
M-S
104ft
or
Sale Price Bid & Asked
High
107ft
*107
J-J
ly"0
1st gold 4s__1939
A 1st cons & coll trust 4s A
1949
Rochester Gas & Elec Corp—
Gen mtge 4fts series D
1977
Gen mtge 3%s series H
19b7
Gen mtge 3fts series I
1967
Gen mtge 3fts series J—
1969
J8AR I Ark & Louis 1st 4fts
1934
jARut-Canadian 4s stpd
1949
i5 A Rutland RR 4yas stamped
1941
ISARio Grande West
Low
Week's Range
Last
Period
January 1
No.
High
Low
J-J
Sold
Asked
Sale Price Bid &
Period
Friday
Interest
Stock Exchange
New York
Range Since
Bonds
Friday's
or
28
BONDS
Week's Range
Friday
BOND8
ENDING JULY
WEEK
FOR
RANGE
riew York
Monday, July 31, 1944
FINANCIAL CHRONICLE
n
range.
§Negotiability impaired by maturity.
tThe price represented Is the dollar
Accrued interest payable at the exchange rate of $4.8484.
1061/2
quotation per 200-
pound unit of bonds.
^Companies reported as being In bankruptcy, receivership, or
B
1977
4-0
93
92 ft
93 ft
37
81ft
96%
Gen
&
ref
5s
series
C
1979
4-0
92%
92 ft
93 ft
83
79%
95 ft
Gen
&
ref
5s
series
D
1980
J-D
•Friday's bid and asked prices; no sales being transacted
92%
92 ft
93 ft
36
'80 'A
96
ABonds
the Bankruptcy
reorganized under Section 77 of
Act, or securities assumed by such companies.
1
during current week.
selling flat.
ESfl
NEW YORK CURB EXCHANGE
WEEKLY
ft!
week*
SVey'
In the following extensive list we furnish
July
22,
ending
and
the
present
Friday
include every security, whether stock
"
'
-■
'
■
/
York
Curb
Friday
Exchange
Last
Sale Price
Par
Acme
Aero
Wire
Co
common
(July
28,
1944).
bond, in which
or
Supply Mfg class A
...
Week's
Range
of Prices
loie
...10
Class
B
Ainsworth
<
common
(NJ)
Aircraft Accessories
Air
Investors
Convertible
Air-Way
Alabama
Alabama
SB
5
.
]
1^
II"
Corp
-50c
.10
Appliance..
Southern
Power Co
footnotes
;
$7 preferred-
23
3%
—
9%
—
-
4%
9
page
FOR
24
9%
ENDING
-3
500
2,600
8%
10
600
4ft
5
8,400
.50
457.
3ft
3%
Jan
'26
Mar
Apr
21
Jan
3'A
Jun
6%
-
Feb
x8%
2
Feb
Jan
4'ft July
10
July
10% July
5% July
Curb
117
117
106% 106%
50
50
Friday
Last
Exchange
Sale Price
Allegheny Ludlum Steel 1%
Alles
Allied
Allied
&
Fisher
Intl
common—
Investing $3 conv pfd
Products
Class
A
conv
Aluminum Co
(Mich)
*
preferred
100
Feb
Aluminum
Goods
Jan
Aluminum
Industries
Jan
102
114
Feb
l18ft
104'% Mar
July
Mar
Jun
107ft July
Aluminium
6%
Ltd
Mfg
common
common.
preferred
Book
114'/a July
114'ft July
July
8'ft July
27ft
28
Co
33%
35
4,200
__
102
113% 114%
19
19
600
12%
114%
•
•
12%
50
80
81'ft
750
100
22
Feb
31
Apr
31
Jun
35
July
109'ft
\
v
Feb
18ft Feb
Jun
114% July
19ft Mar
102ft
100
36ft
36ft
140
13'ft
Jun
Jan
84
Jan
95%
Jun
103
lft
102
1
100
Jan
27% Mar
300
23ft
35
Jun
8ft
22 ft
•
27ft
High
Low
10
6
•
100
American Beverage common
American
Range Since January 1
Shares
High
114% 114%
—
Sales
for Week
25
2%
4
Range
1
•
10
common
35%
Apr
100
common—
new
Jan
2ft
pfd
Week's
of Prices
Low
Par
Jan
89
__
—
York
2
800
year.
High
22
Saturday,
is intended to
28
35
_■
3%
JULY
STOCKS—
20
4
WEEK
New
20
r*nf, *"
Exchange for the week beginning on
entirely from the daily reports of the Curb Exchange itself, and
dealings have occurred during the current
any
Low
..
106%
see
compiled
the New York Curb
Range since January 1
High
-2
preferred-
Great
is
6%
common
Electric
preferred
For
.—1
RECORD
Sales
Shares
1
1
„
Mfg
Associates Inc
It
on
for Week
—
Air
YEARLY
complete record of the transactions
RANGE
"TOCKS
New
a
'
■
AND
"oc "I%SJ3^ """ """" """"
Jan
9
: 73%
28%
May
Jan
Feb
2ft Mar
37ft
Jun
THE COMMERCIAL &
Number 4303
160
Volume
NEW YORK CURB
Friday
Curb Exchange
Range
Power & .night—
class A
Convertible
'J
37
V
Cyanamid class A
10
Class B non-voting
10
American & Foreign Power warrantsAmerican
Fork to Hoe common
•
American Gas to Electric
10
4% %
preferred
;
100
American General Corp common—10c
$2 convertible preferred
1
$2.50 convertible preferred
1
American Hard Rubber Co
25
American Laundry Mach
20
American Light & Trac common
25
6%
preferred
25
American
Mfg
American
Preferred
Co
Maracaibo
American
Co
American Meter Co
Potash
American
Chemical
&
Republics
American
Seal-Kap
American
common
common
Fence
Post
Anchor
Paper
Writing
American
41%
Feb
Capital
Jan
Carman
36Vb May
6,600
38
4.400
%
15%
Jan
27%
28'%
26%
5,100
100
2,100
5%
381/4
38%
125
34%
Jan
45
45
45
Apr
191/2
Jun
Feb
34
Jun
16%*
26%
26%
411/4
200
43
43%
275
.
16'/s July
1,100
>-»
■'-T 1 2=
~i%
"l,
Voting Machine
(B F> & Sons common
preferred
Ayrshire Patoka Collieries
May
30
Jun
Apr
48
July
Jan
151/s
Apr
Jan
5%
Jun
13%
4,500
i9a
14,900
/
10 »/2
3%
108
108
*
*
3
•
2
108'/a
/:
'
6%
6
4
2%
2%
17%
17%
— —
111
i
7%
111%
6%
Jan
8%;
Jan
4% Mar
1,700
Jan
7»/4 July
2% May
4
July
100
2% Mar
3 /
19
Jan
13
100
Jan
1061/2
Jun
1131/4 July
2%
Apr
81/4 July
May
41/2 July
May
Jan
3%
3.900
3%
3%
4.700
3
10%
10%
2.900
9%
1041/4
Jan
97%
20
41/2 Mar
101/2
Jun
July
11%
12
800
7V4 Mar
13
10%
400
7%
Apr
11
6%
1,200
5%
Jan
20%
10
Jun
107
10
■1
Jun
420
33.500
3%
104
Jan
4%
10 %
3%
18%
3%
3
-
Jan
111
3,000
3%
3%
14
500
4
6%
105" May
1.600
% July
Jun
v<r
325
16%
16%
1% Mar
Jan
1
Jan
~~%
Jun
6%
6%
Jun<
7
July
20%
Jun
8% July
Jan
38
Jan
1% July
2% Mar
1%
31/2 July
10.000
Jan
11%
5.600
43%
43%
275
'2%
2.600
31
Feb
121/2
Feb
Jan
8%
80
Jan
75
10%
11
47% May
2 %
July
8%
9
900
51/2
Jan
IO1/4
Jun
12%
13
2.800
9%
13% July
100
3%
Apr
Feb
Jan
6% July
2
9
12%
5%
5%
1% May
4%
6
July
5%
300
9%
9%
100
May
101/4 July
23%
23%
75
211/e
Feb
251/2 July
13%
13%
300
9%
Jan
15
5%
5%
8
May
•
24%
900
8%
24
24
16,100
26
30
preferred
7 3*
Steel
Barium
~8%
1
—1
Rubber Co common
Baldwin
Corp
7%
~8%
3
3%
300
4 d
8%
59,400
■
(L)
Baumann
common
1st preferred
1%
Brummel Ties
Beau
convertible preferred
$1.50
Aircraft common
Bellanca
&
Convertible
preferred
19
19
100
200
28
8%'!
50
8%
ord
rets
B
Brown Fence & Wire
Class
Brown
Feb
136
Apr
Apr
35
30
"lV* "Viz
1%
1%
Brown Rubber Co
(E Li
Co
*
1
5
common
common
Hill
Burma
2.50
Sullivan
&
•
$3
—
32^*0
Biscuit Corp
Burry
Butler
H)
(P
4,200
11%
Apr
1,100
1%
Jan
21/2
15
21/2
Jun
9%
Feb
141/4
Jun
10
July
15% July
3"
49
Mar
July
47%
43%
Jan
700
10%
Jan
7%
Feb
Jan
105
Mar
26%
26% "
100
24
Jan
28
July
11%
11%
100
10y2
Jan
12% July
1/4
Jan
% Mar
14%
14%
1,400
16 %
80
—
49
151/2
49
15
200
61/2
Jan
177/8 Mar
2
300
1
Jan
3 »/8 Mar
1%.
s
17% July
ll3/e Mar
21%
Jun
13%
Jun
3%
Jan
19%
19%
20
2,300
18%
Jan
12%
11%
12%
1,600
9%
Jan
2
5,200
1% May
211/4
Jan
91/4
Apr
13%
5,200
6%
Feb
12%
1%
1%
2,000
1
Jun
1%
"9
.
149%
132
152
2,250
817/-
12V2
Jan
Jan
311/8 July
Feb
18
.
23
Voting
143
Jan
July
14% July
37% July
20%
Jun
Feb
20
18%
18%
1,000
Feb
20
15%
Jan
18% July
,3% Jan
i7
May
1% May
"
"4%
4% July
17%
2%
4%
Apr
Jun
July
*4%
100
31/4
Feb
14%
Feb
19% July
19%
20
800
17%
Jan
26
90
90
10
77%
Jan
90
3,100
1%
Jan
3%
Jun
21
19 %
—
—
Jan
26V2
jun
9
Jan
10% July
2%
3%
3%
May
July
10%
10%
10%
1,000
17
16%
171/4
5,400
14%
Apr
17% July
200
97%
Feb
106% July
106
106
10%
10%
11%
2,600
"l%
"l%
"l%
8,700
9% May
31 i/e
3%
3%
3%
1,500
1
Feb
Apr
3
Apr
4% July
American
California
Canada
Electric
Fire
Car &
Participating
For
1
6%
5
100
pfd
Foundry Ltd—
25
preference
footnotes
see
page
457.
..
12
1
Co com
(A
Catalin
M)
•
&
Co
Central
Hudson
Central
Maine
Jfork
i\ew
ceiiuai
Ohio
Central
Power
Central
&
&
1
10
5
25
5
4
§Childs Co preferred
Cities Service
Controller
Coal
Clinchfield
Club
Co
Columbia
5%
__
4
Jan
35% July
1% July
4
Jan
5%
Jan
13'%
Jan
16
July
97
Jan
116
Jun
400
82
Jan
108
Jun
49,700
1/4
Jan
700
17%
Jan
16,000
13%
Feb
17% Mar
2,750
92'%
Jan
118% July
700
8%
Jan
121/4 May
Jan
111% July
8%
200
6%
Feb
Jan
18
Jan
125
300
21
7%
Jan
18%
Jun
11
Jan
27% July
64
10
50
6%
Feb
6%
Apr
91%
Jan
4,300
2'/4
Apr
4% July
May
47% Mar
35
1,750
65%
2,500
200
IS
1%
ll7/s
ll7/e
56%
560
32
24%
Mining
to Smelt Ltd
preferred
Consolidated Royalty
Steel
Textile
Jan
Oil
113 %
Feb
20
104
71/4
71%
46%
7%
■
1,700
*:
133/4
100
Co
ii%
105%
12%
12
preferred
prior
Cornucopia Gold Mines
Jan
6
July
Jan
14
July
$6
preferred A
Petroleum
Cosden
preferred
convertible
5%
common
290
12
6%
6%
%
%
1%
3 v
20
31/4
85%
3
400
85%
2
11/4
1.200
2
23
Jan
22%
23%
9.700
1%
li/4
2.700
9%
91/2
9%'
400
5%
5%
5%
100
7%
1
•
Co
Brewing
Crown
5
*
preferred
convertible
Crystal Oil Refining
$6 preferred
Atlantic
Cuban
common
Tobacco
common
Lighting
Inc
Cuban
Curtis
Curtis
Jun
31/2 July
36% July
Apr
9% July
28% Mar
1%
Jan
3%
2
6% July
15
July
25% Mar
Jun
%
July
3
Jan
Jan
'
24
Feb
Jun
11
Jan
10%
4.300
II Jan
Apr
10
22%
10'%
101/2
10%
11%
Jan
Apr
26
Jun
3%
100.
Feb
191/a
6.500
22%
22%
Jan
121/4 July
Apr
8% May
,8
Feb
3
2%
2.50
common
Mfg Co (Mo)
-
22% July
% Jan
300
3
2%
3
5
*
Sugar
15
15
25o
25
•
10
Drug Co common
87%
Feb
125
Apr
2% July
Jan
Mar
34
23%
tt Feb
14
Jan
84
33
receipts (ord reg)—£1
Creole Petroleum
8
7% July
Jan
12
American dep
Crowley Milner to Co
Crown Cent Petrol
(Md)
Crown Cork International A
17% July
Feb
1/4
Courtaulds Ltd—
Croft
106% July
Apr
-
5%
2.500
2
-
Mar
100
200
\
'%
1
♦
1
50
Reynolds
&
Cor.' yon
Apr
Jun
13% July
3'%
1.900
•
Coro Inc d
Jun
9
6%
•
50
Co
Range
Copper
16
16
Jan
2%
45,500
/
105% 106%
•
91/4
-115
15,700
'
14
Continental Gas to Electric Cc—
Cook Paint & Varnish Co
81/4
Jan
-1.900
12%
6/
4%
5%
Jan
>-1%
Feb
6
50% July
Jan
.114%
Jun
117% May
1101/2 Mar
Jan
6%
i,
Jan
Mar
69
Jan
32
800
.
Jun
4%
2.800
5i%
45i%
46
•
lOo
1
Fdy & Machine Co
1% Mar
5%
40
116%
51/4
July
331/2
Feb
100
10
Corp
1 %
12% July
Jan
63%
110% 110 i/e
5%
July
Jan
4
800
68
116
1
0
1
8 %
Consolidated
Apr
9%
1,500
5%
5 %
67
100
Stores
Consolidated Retail
1/2
100
V2 Mar
*
100
Utilities
Consolidated
5,200
t?3 July
25
Feb
33 %
1
Co
Mar
71
Jan
3*2 Jan
20%
*
series B .preferred
preferred series C—
Gas
1
1
•
4'%%
1%
Jun
July
Jun
32
1946
Consolidated
Consol
Jan
3"%
1,000
'.
36%
35
4
12
2% May
100
4
64
37%
2,400
8
35
Jun
Jun
Feb
5,100
4%
" 3%
Jan
1% July
6%
11%
3%
,
Jun
Mar
9
30%
241/4
Consol G E L P Bait common
Continental
9%
22%
Jan
4
600"
12
7%
Jun
ji July
53% May
2,000
25
1
Conn Gas & Coke Secur common
4%
9%
Jan
%
1,900
1%
35 %
17
27%
100
extended to
V t c
9% July
100
150
'
9% July
D
8
*
1
Petroleum common
Davenport Hosiery Mills—a
Dayton Rubber Mfg—
Darby
_1
5
50
Stores
Mfg class A common
preferred
$6 prior
•
•
1
20
1
1
10
10
Derby Oil & Refining Corp com
A
convertible
6%
preferred
Gasket & Mfg
Detroit
preferred
Detroit
Gray
Iron Foundry
Detroit
Mich
Stove Co common
Detroit
Steel
Products
De Vilbiss Co
common
preferred
7%
Diamond
Distillers Co
£1
1
Co
common
Domestic Industries class A com
Dominion Bridge Co
Dominion
Ltd
Steel & Coal
Dominion Tar &
B
Chemical Ltd
1
1
——•
25
*
*
Corp
Draper
Duro
1%
Duval
4
5%
Apr
7%
"7%
300
5%
Jan
Hosiery class
B
common
7% Mar
8
8%
5,500
4%
Jan
201/2
Jun
9% July
20% Jun
100% July
100% July
Jun
Texas
/ 200
4%
5%
2,000
'
9%
_9%
10%
77%
78
Sulphur
•
1
-•
Jan
26
Mar
15%
Jan
21
July
Jan
36
Mar
11% July
61/4 Mar
3%
5% July
Jan
4,100
65
Jan
82
July
113
10
82
82
Jan
135
May
5'/4
10% July
Jan
I'-
79%
Feb
Jun
Feb
16
Jun
19
860
1
72
12%
78
Jan
21
July
1% July
1%
1%
"l%
10,100
%
Jan
5%
5%
6'/a
900
3%
Jan
25%
25%
100
20%
Jan
27
24
25
22
Jan
25% Mar
10%
Feb
lO'/a
•
40
6% July
16
July
600
13
Mar
17
July
16%
16%
17
9%
9'/«
9%
1,000
5%
Jan
11%
11%
100
10%
Jan
6%
1,000
"7%
10O
6
Feb
13% Mar
16
6%
Jun
550
15
_
9% July
Feb
13%
6% July
5% May
25%
22% May
Jun
6%
Feb
81/8 July
6 V2
~7%
Jan
71/4
76
30
76
30
150
Feb
50
Feb
77% July
26%
Feb
33% July
74
76
10
*
Harris Co
Test Corp common
1% July
%
1,100
11%
Ltd—
Corporation
Dobeckmun
4%
♦
dep rets ord reg
Am
Divco
19%
10
i
Shoe common
Jun
Jan
24
33Vs
18%
11%
19
100
debenture
8%
39%
17
1
'''
:
35
A convertible
Class
Dejay
tt J"an
Feb
67
*
7%
7
3%
10%
81
Jun
"7%
500
31/2
Jan
7% July
3%
700
2%
Jan
4% July
300
9%
Jan
11% July
11
July
Jun
—
24
9% July
wanants—
Southern
to
Public Service
Community Water Service
Compo Shoe Machinery—
700
Jan
5% July
Apr
& Electric—
Gas
Community
800
21
Jun
7%
—
25
preference
Commonwealth
1%
—
x4 %
Jan
3'%
Arms
July
% Mar
6%
' 3%
17
1
Fire
13
119
7% Mar
34
16%
21
/ 3%
12
27%
Fuel to Iron warrants
Patent
Jun
Jan
Apr
Jan
11%
20'%
1%
__
ordinary
Airlines
Jan
Jun
July
600
t
•
Colorado
105
1%
—
8%
•
Co
9%
119%
8,900
5
—
1%
*
Colonial
Colt's
8%
800
9%
11"
—
*
common
Jun
1,400
%
113'% 114%
__
100
Utensil
Plow
8% July
7% May
96% May
4
Mfg
Development
Colon
"7
8%
340
__
1
Corp
Aluminum
Cockshutt
Jun
300
1
Illuminating
Electric
Cleveland
Jun
21%
7
%
38
14%
113
•
•
*
10
Inc
& Lambert
Clayton
16%
May
3% May
85%
__
♦
Co
Lights
Neon
Jan
20
15
15%
112'% 113
100% 104%
8%
9
%
37% 40
14'% 15%
104%
10
common
preferred
60c preferred B
$6 preferred BB
City Auto Stamping
City to Suburban Homes
Claude
10
100
—
—
100
-
$6
Clark
300
%
4%
8%
—
1
Consolidated Mining—
Chief
14i%
7%
9%
Corp common
8% Mar
112
Metal Weather Strip Co—5
Cherry-Burrell common
Chesebrough Mfg
Chicago Flexible Shaft Co
Chicago Rivet to Mach
19% July
81/4 July
104
105
11% 11%
11%
50c
com—
Jun
Jan
6,800
%
4%
new
Jun
114
119%
104%
Jan
118
Jan
100
7%
100
1
July
5,200
100
Utilities
South West
Cimmueriin
Charis
pld
pfd
Jun
10
48%
12%
100
0%
71o
251/2
114% Mar
7
•
com
pfd
Products
Light
Aircraft Co
Cessna
Elec
7%
Power
Steel
Central
to
Gas
Power
Jun
108'%
7%
7%
May
Jan
2% July
16
20
14
20
—
_.
1
America
of
Corp
30
144
18%
8%
17
8%
10
Products
Castle
1%
—
Feb
Jan
41
200
——
1
Casco
1%
Jan
Jan
x23
t'
42'%
117% 118
42
17%
common
W)
(J
Carter
3% May
—
10
Power
Corn
Insurance
Cement
Canadian
1
—
*
Corp
Carrier
Durham
£1
Estate.,.
T»m?sten
Camden
pfd
dep rets 5%
Sugar
•
preferred
preferred
$6
1%
50o
50c
—
Duke Power Co
Wireless—
Calamba
^allifp
certificates
trust
&
•
Jan
Jan
12%
7%
Driver
Cables
•
Carolina Power to Light $7
Apr
5% July
Jun
C
Cable Electric Products common.,
class A
common
Co
Apr
1%
| 1%
9
25c
common
125
Feb
9%
9%
9%
1,500
9
2
•
preferred
Corp Am dep rets
Inc
*
25
preferred
1st preferred
Burco
1%
Feb
6%
2%
1
$1.60
Bunker
61/2
200
♦
Buckeye Pipe Line
Buffalo Niagara to East Power—
$5
1,300
9'/2
14%
1
common
preferred
Forman Distillers
A
prior preferred
Bruce
8%
9%
Jan
15% July
Jan
8
July
July
37
% May
10,600
12
•
$5
41/2 July
35
10s
*
*
15%
Co
Carnation
Dennison
Columbia Power class A
Class
28'% July
127%
£1
£1
reg
dep rets ord reg
Amer
19% July
Apr
Ltd—
Celanese
British
British
9% July
Jan
14»/4 Mar
21
Tobacco—
American
dep
Am
Jun
10
-
Jan
41/4 May
75
Apr
Jan
common
dep rects ord bearer
Am
Jan
61/4
Apr
5%
Jun
2%
J_
1
com—*
•
Bliss (E W) common
1
Blue Ridge Corp common
1
$3 optional convertible preferred
•
Blumenthal (S) to Co
•
Bohack (H C) Co common
•
7 % 1st preferred
100
Borne Scrymser Co
25
Bourjois Inc
•
Bowman-Biltmore common
•
7% 1st preferred
100
$5 2d preferred
*
Brazilian Traction Lgt & Pwr
•
Breeze Corp common
1
Brewster Aeronautical
1
Bridgeport Gas Light Co
•
Bridgeport Oil Co
*
Brill Corp class A
•
v Class
B_
•
7%
preferred
100
Brillo Mfg Co common
*
Class
A
~*
British American Oil Co
•
British
4
134% 1341/a
Birdsboro Steel Fdy & Mach Co
July
16i/8
Feb
700
Bickfords Inc common
Blauner's
4
3%
3%
1
Berkey & Gay Furniture
900
28
8%
91/2 July
<Jan
65
•
•
Hedges common
2
July
41% July
Jan
27/e
5%
100
Tel of Canada
Benson
61%
13
VV£>.
—
10,
20
1
Mills Inc common
Beaumt
Bell
5
1
*
100
1
Jun
Jan
m..
■
Mfg—
$1,20 convertible A common
Basic Refractories Inc
Seelig
to
Barlow
6%
391/2
7%
warrants for common
July
9
201/e Feb
Baldwin Locomotive—t
Purchase
15
1%
1,900
15
$3 preferred
Consolidated Biscuit
B
Babcock to Wilcox Co
2%
*
Cleveland Tractor common
6%
V
~1%
5
25
.1
6%
July
97
40
12%
1
•
Avery
45
Feb
221/2
""%
-
2
Jan
Jan
100
44%
V
Automatic
26V2
Apr
35%
500
28%
43
12%
1
Products
Automatic
18% Mar
25%
2.600
28%
44%
5
Drop
July
881/2
50
warrants—
Forge common
Plywood Corp
Atlas
July
39
Jan
16%
Atlas Corp
Atlas
7% Jun
14%
43
America
Line Co
Coast
Jun
25%
16%
£1
•
•
Birm & Coast RR Co pfd—100
Coast Fisheries
1
Atlantic
291/2 July
II2V2
50
25
17
33%
—
Products
City
to
144
1
Marconi
July
400
17
32%
-'!'K
19
Jan
Associated Tel to Tel class A
Atlantic
Jan
71/4
7
•
Electric IndustriesAmerican dep rects reg
Atlanta
Jan
107
Associated
Associated Laundries of
1%
Jun
450
17
1
*
Breweries of Canada
Assoc
Canadian
%
'w—
5
Co
Oil to Refining
Ashland
Feb
18 '/a
7%
preferred
Metal Works common
July
5%
;
.
100
preferred
1%
3
45
High
Feb
4% Mar
v
Industries Ltd—
Canadian
Feb
Feb
111 »/4 IIIV4
10
Arkansas Power & Light $7 preferred.*
Aro Equipment Corp
2.50
Art
41% Mar
1%
38%
%
'
28
Angostura-Wupperman
1
Apex-Elec Mfg Co common
•
Appalachian Elec Pwr 4%% pfd—100
Argus Inc
1
Arkansas Natural Gas common
•
Common class A non-voting—
*
6%
Jan
voting
non
Low
4%
•
•
voting
Class B
130
18%
%
10c
Corp com
1st
$6 preferred
$6 series preferred
American Thread 5% preferred
Superpower
-:
44% Mar
A
1.600
2%
44
37
Jun
351/2
400
39
44
1
37%
—»
100
100
1
•
•
10
2
common
—
'
•
—
.
2%
.
—
12% July
38
150
41%
41
23
Jan
Range since January 1
High
Low
Par
Class
Cities
American
Amer
5%
1,000
Shares
Alcohol—
Industrial
Canadian
for Week
of Prices
Sale Price
Hiun
r,on.
Sales
Range
Last
Exchange
Range since January 1
Shares
11
10%
10%
1
Mfg
Central
American
Curb
York
Week's
Friday
STOCKS
New
HiaJ*
Low
JULY 28
for Week
of Prices
Sale Price
Par
EXCHANGE
ENDING
Sales
Week's
Last
STOCKS*—
York
New
WEEK
FOR
RANGE
453
FINANCIAL CHRONICLE
Juri
East
Gas to Fuel Assoc common
prior preferred
6%
preferred
Eastern Malleable Iron
4'/a%
•
2%
2%
2%
1,200
1%
Feb
100
66%
65%
66%
275
56%
Jan
.100
391/2
38%
40
550
—25
—
—
32 3a
Jan
241/2
Jan
2% July
70
Mar
43% July
28% July
THE COMMERCIAL & FINANCIAL CHRONICLE
454
Monday, July 31, 1944
NEW YORK CURB EXCHANGE
FOR
RANGE
STOCKS
Erasco
33%
Jan
40%
35%
375
8%
3,400
5
48%
Jan
14% May
7% Jan
8%
1%
917/s
500
83%
Jan
2,300
88%
Jan
95 %
56
56
100
46%
Apr
65% Mar
% May
8% Feb
1 % Mar
45,600
%
100
10 %
10J/«
100
13%
14%
3,500
11%
11%
100
1%
1%
4,200
10% Mar
11
38
Jan
119
July
44
Feb
1%
10c
39%
41
41
Jan
1% Mar
*
t c
v
International
Preferred
6%
6%
6%
28%
28%
34
34
36
1
July
Jun
International
Apr
18%
1,200
36
Feb
Petroleum
Registered
3,700
1%
Jun
2% July
600
12%
Feb
16% July
6%
6%
29
7%
14%
9,600
6%
300
Jan
29% July
Feb
7%
5% May
Jun
25% Mar
25% Mar
56%
10
64
Apr
July
5%
22%
22%
23
1,000
19%
Feb
23%
23
23
25
19%
Jan
23% July
5%
900
4% Apr
100
-
2
28%
i*2®
1
1
4%
100
30
4
4%
Mar
28% July
3
1,800
Jun
30
15%
48
70
Tvk
16%
47%
16'A
71%
18
Razor B
Corp
com
Jan
37
Feb
— —
Jan
74
7%
100
Feb
Aircraft
convertible
$6
stock
$3
70%
Feb
1%
Jan
3%
600
12
Jan
-1\
100 "
'
7
81
12%
78
20
1%
•
83
Jun
—
100
100
•
2
Class
$7
Coal
B
».
12%
600
350
Goldfield
Consolidated
Inc
Gorham
class
13
.
Gray
Mfg
100%
'
50
10
lOO"
/v.v
13
Northern
Gulf
Stores
42%
50
11%
!—•
12%
%
ft :
41%
32%
;
%
18% July
7%
Jan
Jan
11% July
20% July
7% Jan
10% Jun
10%
2,200
800
July
Jan
30%
500
4%
7
Lane
Jan
134
134
34%
34
134
83
132
25
34%
300
8%
29%
Wells
Co
Convertible
Leonard
Oil
Jun
Lionel
Feb
Jan
>
136
1%
1%
1,000
1
Jan
Jan
2% July
25
100
7
%
1,500
20%
20
20
Feb
25
9
1,125
17%
%
July
Feb
49% July
1% July
30
Jan
30
9
v
ft '
20
July
49% July
30
:'
12%
% Mar
July
Jan
% July
Jan
20% July
8%
8%
200
7%
Jan
10% July
1%
'
1%
2,700
%
Jan
1% May
3%
1%
Apr
10 y8
11%
4,000
11,900
2%
10%
5
Jan
12%
4%
3%
•''•b. ?•'
5,600
2%
Jan
125
87%
Feb
5% July
97
July
3%
3%
97,
96%
„
3% July
Jun
90
Feb
101% July
100
Jan
107
18
Jan
120
105% 106%
'■H
92
50
100%
100
100
—
July
20%
Apr
July
124
Feb
12
12
1,000
9%
Mar
12
July
16
16
250
9%
Jan
17 %
Jan
5%
Jun
5%
Jun
111%
12
«...
Feb
ftft
ft • '.«-*;;Vft
Jan
67% July
Jan
55
Feb
3,500
2%
Feb
4
July
4%
Jan
5% Mar
3%
"3%
4%
4%
5
500
41
1
500
1
3%
% May
15%
•
:::io
10%
8%
200
105%
90
10%
16
16% July
12% Mar
Feb
21
May
106
Mar
84%
Feb
95
Feb
13%
Jun
200
11%
Jun
9
200
7%
Jan
860
4,900
700
11%
11%
8%
10% July
Jan
100% Jan
•
104
1% July
Feb
Mar
12
1
-
Jun
56
J
'
113
45%
1
r
9% Mar
/»',»•
7%
200
6%
Feb
4'/8
100
3% Mar
108
Jun
110
Mar
6
Jun
55%
53
56
1
16%
3%
15%
3%
16%
1
3%
Jan
12
2%
2%
Locke
Steel
I
13%
13
13%
25
75
4
24%
200
21
Lynch
26% Mar
6%
Feb
July
Apr
~i%
%
12%
12%
Mar
5 % Mar
Feb
35% Mar
1% July
ft Jan
200,200
26% May
Apr
13
July
10%
Feb
14
July
Feb
200
13%
12%
29%
10
1,600
13
Jun
25%
Jun
1%
Jan
3%
Jun
•
A
Class
Chain
Corp
Feb
14 %
•
18%
Jan
20%
Apr
200
15
Feb
17%
Jun
4,500
8
Jan
22%
16%
5
10
%
1
9%
63%
li
1%
Feb
Jan
31
2,700
450
51
Jan
75
July
65
300
49
Jan
68
July
6%
7%
7%
31%
8
May
Jan
113
May
26%
Mar
32
July
2,100
30%
.5
Feb
109%
"7%
300
•
common
9% July
-
72%
U70
70
100
Exploration
17
9
x9%
*
100
Louisiana Power & Light $6 pfd
:'y®July
n%
10
&
Jun
Jan
3
25
common
Land
July
25
4
1
5
...
Long Island Lighting common
7% preferred class A
6% preferred class B
Louisiana
~4
4%
110
Jan
9%
300
*
25
Inc
Lone Star Gas Corp new common
111% Jan
Xll5v May
A
Feb
1
'/ May
4
Jan
105%
preferred
Groceterias
18% July
Jan
5
common
(R G)
59
Jan
37
'
100
(Thos J) Inc 8% preferred
Loblaw
4% July
Jan
100
(N J)
Corp
Lipton
Mar
4%
10
50
"lV*
100
Line Material Co
93% Mar
•
110% 110%
19
700
—100
Development
Le Tourneau
35% July
8!A July
*
1%
2,600
20
47%
5%
Jun
11%
7%
7%
8 % Mar
19%
•ft
Mines Ltd
Lit Brothers
250
19% July
47%
/■'ft'-i—
Lefcourt Realty common
Jun
i°6 July
Jan
200
90%
2'A '
2
19%
Apr
7% May
300
Apr
■
Langendorf United Bakeries class A—*
7% May
Feb
9%
89
1%
8
.
300
Lakey Foundry & Machine
Lamson Corp of Delaware
Lane Bryant 7% preferred
82'A May
33% Jun
Jun
7%
ft
16 "A
6,700
•
—
Inc
RR
Lake Shore
Jun
43% July
12% July
110
Jan
6%
common.. 250
pfd
Jan
L
16% July
Apr
5%
x40%
Stores
Lackawanna
11% Mar
Jan
9%
•
$6 preferred
Gypsum Lime & Alabastme
87% July
14%
-2%
*.
Mar
,16
Feb
•r
100
51%
Apr
9
140
Jun
106% May
12% Jun
Feb
37%
97,200
41
32%
90
8
105"
preferred
—100/
Kresge Dept Stores—
7'/;—
4% convertible 1st preferred..— —100
11%
Kress (S H) special preferred
10 .2
Kreuger Brewing Co
Jun
.12%
!
Jan
500
m
41
,_25
Products
46 %
Feb
8%
Koppers Co 6%
2% Mar
87
Jan
104
'
100
Utilities $5.50
States
a
May
,13%
21,700
42
stock
Greenfield Tap & Die
Grocery
16%
Kleinert
Tea—
Paper
Jan
77 y#
200
49% July
—1
Non-voting common
7%
1st preferred
Great
14%
IlO
Pacific
27
600
18
19%
113% July
.—8
&
725
86%
18%
*
Emil) Co common
(I B) Rubber Co
(D
Kobacker
2% July
Jan
9%
•
Co
Atlantic
Great
16
*
Grand Rapids Varnish
46%
16%
.,.,.-5
Inc
Knott Corp common
July
Mar
10%
—«
e
preferred
Gorham Mfg common-
f:
Jab %
51% Mar
Hi
Mines
A
$3
//
8% -Jan^r
111
'
12
Feb.
41%
125
Klein
July
July
84
Jun
75%
•
preferred
Jan
1%
33fc
,
'
•
Sugars class A
100
%
400
85
49
12
132
Jan
V 1,100
113% 113%
•
•
Godchaux
2% July
preferred- —100
Lake G M Co Ltd
Kirkland
21% July
Jan
Jan
74
•
Glen
July
8 %
79%
50
1%
49
'«.£*•
115
60
110
12
•mm
■
•
Gladding McBean & Co
Alden
Jun
'8%
1
Key Co common
Kimberly-Clark 6% pfd
Kings Co Lighting 7% pfd B
5% preferred D
Kingston
Products
Kirby Petroleum
4% July
May
Feb
Jan
14%
500
100
•
Co
16
Jan
3%
8
•ft'«...
82 "
1%
•
Preferred
100
200
''V "
128'A 132
100
•
common
4%
a/";:
19%
'
'
•
*
Gilbert
15%
4%
1
common
preferred
Gilchrist
1V»
K
1% July
...
1
•
Corp com
Georgia Power $6 preferred
$5 preferred
(A C)
100
19%
1
—*
preferred
preferred
7%
Jun
50
1,100
1%
'
•m-m
•
preferred
Water Gas Si Electric
Gen
2%
15%
•
15
Engine Co
(F L) Co
Glass Co
6%
Jan
8
2%
15 %
dep rets ord reg
£1
1
preferred series A
10
General Fireprooflng common
•
Gen
ias & Elec $6 preferred B
•
General Outdoor Adv 6% pfd
100
General Public Service $6 preferred—*
5%
General Shareholdings
2% July
July
2%
"
Amer
A
Apr
9%
52% July
58
1%
•'
•
Co
1
17% July
50
76
76
1
General Finance Corp common
Rayon
Feb
July
300
9%
50
Interstate
Home Equipment
1
Interstate Hosiery Mills
-*
Interstate Power $7 preferred
•
Investors
Royalty
-1
Iron Fireman Mfg voting trust ctfs—*
Irving Air Chute
1
Italian Superpower A
*
Julian & Kokenge Co
Jan
150
7%
7%
100
Mfg Co common
Alloys Co
General
Feb
70
84%
Jersey Central Pwr & Lt 5%% pfd—100
July
10%
1,300
Utilities
Jacobs
Electric Co Ltd—
Gen
66%
Jan
J8
10
Products
Kansas Gas & Elec 7%
•
common
preferred
5 %
General
Jan
46%
38%
shs_.•
coupon
Ken-Rad Tube Si Lamp A
Gellman
42%
20
*
Safety
Jacobs
4% July
Feb
16% Mar
preferred——100
Co
20
2%
86%
$3.50 preferred
Kennedy's
Power
114
Mar
40
'
Jeannette
4% July
95
May
Jan
45
---«
Co
Gatineau
106
■»
6% July
5%
—
convertible
1,900
2%
26%
—-»
Distilling
Froedtert Grain & Malt common
Fuller (Geo A) Co
*
J
$3 conv stock
—-Franklin
11% July
11%
Warehouse Co—25
Association (Phila)
Ford Motor Co Ltd—
Am dep rets ord reg
Ford Motor of Canada—
Class A non-voting
Class B voting
Ford Motor of France—
Amer dep rets
bearer
Fox (Peter) Brewing Co
common
25% July
;
•
Bhares
International
July
167/8
27%
——
Fire
New
11% July
Feb
2%
"2%
Warrants
7%
34%
2%
10%
*
——
•;
50%
53
8%
Jan
Jan
16%
10%
1
1
Federal Compress &
Jan
22%
1%
50
series
International
Inst Co
Mfg Co
Fedders
13% July
International Minerals and Chemicals—
4%
200
—
Metallurgical—
ft 114
50%
53
•
Metal Industries A
31%
800
28%
Engine & Airplane
Brewing
Fansteel
13% July
Apr
9
100
1,056
'
10
Machine
International
Fairchild Camera &
n%
25%
114
Hydro Electric-
$3.50
Jun
10% Apr
800
U%
25%
100
Cigar
12%
25%
5
1
of North America
Co
International
■
Fairchild
High
6%
"
1
50
Eureka
Falstaff
////■
Jan
&
common
preferred
27% July
600
Low
11
1
International
1% July
41
7%
Insurance
12% July
8%
12%
•
Common
16% July
42% Mar
5
Range since January 1
High
•
£1
Industrial Finance
July
Jan
Shares
5%
Indianapolis P & L 5%% preferred_i00
preferred
100
7 %
preferred
100
July
Jan
8%
30
Low
Indiana Service 6%
July
103%
~J
1
Ireland
93% Mar
9514
for Week
£1
(Can) coupon
Registered
Imperial Tobacco of Canada
Imperial Tobacco of Great Britain
Feb
90%
rets regis
dep
Imperial Oil
Jun
16
94 »/a
~9%
—-
convertible preferred—
Inc
Pipe Line common—
Am
9% July
Jan
Sales
Range
of Prices
Imperial Chemical Industries-
51% July
%
stock
Inc common
350
91%
m
Esquire
Eversharp
48
Week's
Last
Par
51% July
7%
Friday
Exchange
Sale Price
Jan
:
Jan
95
o
Equity Corp common
$3
1
33%
8%
National Watch Co
Emerson Electric Mfg—
Empire District Electric 8% pfd--—100
Power participating
Derrick & Equipment
% Mar
175
40
—1
Elgin
Empire
300
48
47%
preferred series A
preferred series B
Eastern Sugar Associates—
$5 preferred v t c
Easy Washing Machine B—
Economy Grocery Stores
Electric Bond & Share common
$5 preferred
$6 preferred
Electric Power Si Light 2d pfd A
Option
warrants.
Electrographic Corp-$7
Curb
High
Low
%
York
Range since January 1
47%
$6
28
New
Shares
High
%
%
States Corp
Eastern
for Week
LOW
Par
JULY
ENDING
STOCKS
Range
of Prices
Sale Price
WEEK
Sales
Last
Exchange
Curb
York
New
Week's
Friday
H
Hall
Lamp
Hamilton
Co
8
Bridge
Hammermill
Hartford
Co
Electric
Hartford
Ltd
voting trust
Brewing Co
ctfs
25%
50%
50%
1%
1%
Dept Stores
1
3%
8%
preferred
Hecia Mining Co
6'A
8
\
•
common
—■■■
2
Preferred
Common
—
Hoe
(R)
&
Hollinger
Hormel
10
Consolidated G
Holophane
Horder's
Co class A
Co
M
8
•
common
Inc
Si Co
common
600
2%
51/4
6%
500
3%
Jan
10
41%
Jan
4.600
6%
Jan
7%
V
46
8%
151%
13%
137/S
(A
C)
Co
Horn
5%
&
Baking Co
Hardart
3%
.
•
Hubbell
(Harvey) Inc
—
';•' 7
—
Oil
•
&
Hummel-Ross
Hussmann
Refining
Fibre
Corp
.5
Ligonier. Co
•
Huyler's common
1st
100
100
14V2
900
18
24
28%
200
10
10%
1.300
14%
__
14%
—
200
—
28%
111
28%
111
112%
v'
>:■
•
15%
13
Jun
111
6%
Jan
119
30
Jun
113%
Apr
—-
19%
700
17%
Apr
5.800
38%
Jan
6%
1.900
4
Jan
10%
400
6%
Jan
2%
Jan
4% July
20%
Jan
3% July
29% July
3% July
9%
13%
10
3%
4%
2.900
25%
27%
1
200
'
—
12%
—
12
12%
2.900
Jan
20% Mar
45%
&
common
•
For
footnotes
see
page
50
"•
457.
1
Jun
7% July
xll% July
Jun
.
1
1
—25c
'Midland
$2
Midvale
15
13
Jan
161
4%
900
<'
1%
Mid-West
3%V 3%
7
100
4% Apr
2.50
•■
»
1%
600
7%"
300
10%
9%
12%
2%
:io%
10%
3.300
./Jan
5%
.8
-1%
42'A May
116
~
8%
<
Jun
.1% July
-
v
Jan
;./. 9% Jan
Mar
/ft. 4% July
7% July
9% July
13% May
Jan
Jan
May.
ft
3% May
11% Mar
Mar
9
Jan
10
20
Jan
24
Jun
23%
Apr
30
July
ft
•
22%
22%
26%
550
23
26%
27%
975
2%
2%
200
8%
8%
Refineries
1
2%
2%
10% July
Mining Corp of Canada.
•
50'A July
Minnesota
Mining
•
60
13%
13%
1.700
9%
Jan
15%
Minnesota
Pwr
100
104
Mfg
pfd
Mississippi River Power 6% pfd
100
,
•
1% May
2%
9
Jun
100
July
1%
114
3
1'%
60%
105
114
1.100
i
100
8%
Jan
15%
*
•
Jan
Light 7%
'ft
1.800
Jan
&
L6
4.700
Apr
Mar ft
,
,
2.400
8%
11%
2%
9'A
4%
July
7;
1
43%
13
-•
7%
.
700
Jun
Jan
' Jan
2%
6.600
9%
36
110
40
500
9%
600
4
40%
49"%
10%
Jan
39%
•
8%
9%
.."2%
/■ 3%
39 %'
49%
Apr
100
1%
3%
•
July
4,600
2% May
10
Supply
&
1% July
108
Jan
1%
•
Co
&
8% July
Jan
99% Mar
-ft 3%
-1
July
1%
50
common—
Abrasive
Piping
80
Jan
%
700
ft 225"
Jun
4% July
Jan
Jan
6
3.800
8%
July
•
dividend shares
Oil
3%
41
350
80
1%
•
138
60
Jun
8% July
2%
8% Mar
•
5
common
Products—
Steel
Co
Jan
1.200
1.600
Corp $2 conv preferred-'.*
non-cum
Mid-West
8%
1%
1
c
Corp
Feb
105% 108
12%
Oil
Jan
ft 7%
100
•
West
\h
6%
80
8
Micromatic Hone Corp
1
Middle States Petroleum class A v t c_l
Midland
100
1.100
4%
'
Middle
Jun
1
8
7%
common.!
Corp,—i.
t
Jan
9
Jun *
7 •';
7%
v
Jun
26
Jan
11%
10%
151% 154
7% v
10
B
5
Feb
19
200
20%
7%
common-
Preferred
Class
Jun
33% Mar
1% Mar
ft 1
7%
A preferred—™
Midwest
5% conv preferred
Dividend arrear ctfs__
Illinois Zinc Co
t c
Mfg B
Co
Stores
Midwest
Illinois Power Co
v
—
41%
Jun
Jan"
4%
Participating preferred™
Metropolitan Edison $6 preferred
Michigan Bumper Corp new
Michigan Steel Tube—
Michigan Sugar Co
Apr
Jan
7
20
Dredging
Textile
Jun
10%
83
5
£
...
40%
6%
Metal
Mar
July
Jan
Ltd
Messabi Iron Co__
Jun
19%
40%
Co
1%
6%%
2%
Feb
31% May
5Merrltt Chapman & Scott—
May
6% July
Jan
Co
Radiator &
Mercantile
Jan
5%
100
Marine
Memphis Natural Gas
40
251/2
100
:
11%
Jan
116
100
4%
*
32
Jun
3%
--
27%
8
Feb
1%
700
ft 81
common
Mead Johnson
22% July
May
33
—
28%
16% Mar
12
1
Hydro Electric Securities
•dygrade Food Products
McCord
McWilliams
May
2
9
Steam Shovel—
Massey Harris
May
Apr
4% July
Jan
8"% May
13% Mar
—
—
28'A
Mfg
Mass Utilities Association
May
12
3% July
3%
15%
22
1
preferred
Marlon
July
23
Jan
Mar
Internat
Communication
91% July
Jan
12
——1
Margay Oil Corp
13% July
9%
—
100
—
5
Humble
48
1%
9
—
preferred
Consolidated
Marconi
7% July
19
26
23
28%
—
•
100
Mapes
1
1
convertible
$5
Jun
Jan
15%
—
•
preferred
Mengel Stores
Jan
Jan
21
—
■
1
common
7%
30
11%
—
Horn & Hardart
Manatl Sugar optional warrants
Apr
10
50
100
•
Horn
41/4
Apr
6 %
,
Apr
26%
7
Jan
July
51% July
2'A July
Jan
3%
—
•
(Geo A)
Feb
200
23
8
2.50
common
1%
—
•
—
Heyden Chemical
5
'
1
Hewitt Rubber common
2.500
M
9% Jun
27
Jan
300
25
Henry Holt h Co participating A
47
30
2
15%
•
Co
Jan
Jan
xl9% Mar
28'A
46
25c
Class A
Heller
3%
7
50
Helena Rubinstein
50
28%
5
common
—.ft:
ft
51%
1
5%
5
1.000
'.>.V
25%
23
Light
ft
Hat Corp of America B non-vot com__1
Hazeltine Corp
•
Hearn
9
—
10
Rayon
Harvard
8%
•
Paper
Jan
21% July
2%
Feb
3% July
1% Mar
111 Jan
Mar
65
May
20
97%
Jan
105
July
50
109%
Jan
114%
Jun
150
52
Volume
455
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4303
160
NEW YORK CURB EXCHANGE
0
STOCKS
York
New
;
Curb Exchange
>'V y
Sale Price
•,
2.50
Missouri Public Service common
Voehringer common
Mock Jud
Dakota Utilities
Montana
Montreal Light Heat & Power
Mountain
Producers
Mountain
States
common
Mountain States Tel & Tel
Muskegon Piston Ring
Pioneer
July
Pitney-Bowes
4% Mar
Pitts Bess
100
1%
Feb
2% Mar
Pittsburgh & Lake Erie
•
100
7
176% 178%
May
7%
July
165
Feb
Metallurgical
Pittsburgh
common
18 %
400
15%
Apr
19
Jun
35'A
25
28%
Feb
35%
Jun
Plough
__
__
Jan
10%
9
Pneumatic Scale
Jun
Polaris
Jan
6% July
Feb
21% July
Apr
136% July
2,300
1%
6%
800
__
—
common
Jun
2
5%
127
1%
6Vs
1% Jan
18
l7/8
Inc
Pratt & Lambert
14
—
Jan
18
11%
Jan
14 % July
Prentice-Hall
Jan
10% Mar
Pressed
Jan
80
13%
300
17%
14%
250
64
^
July
Mar
Inc
National Breweries
common
National
Mfg & Stores common
National Refining common
National
Rubber Machinery
National
Steel
National
Union
Oil
preferred...
New
Haven
New Idea
Clock
Co
Apr
9%
8%
Jan
9% July
13%
400
11%
Jan
13% Mar
1%
1%
600
2
5%
6%
28
-1 %
,
200
10
111% 111%
88
110
8%
Apr
Jan
8
200
59%
60%
19%
20
9
Feb
Jan
7% Apr
Jan
61
18
1,700
Feb
20% Mar
13%
104
1,000
20%
20%
63%
2,000
2%
20% July
3%
Feb
Mar
35
Mar
35
y
64% July
Jan
2%
500
3
Jun
13% July
Jan
18% Mar
54
Apr
100
61%
63%
July
109%
Apr
6%
4% July
"3%
"3%
3%
Jan
7%
Jan
10% Mar
29
29
50
21%
Jan
30
10
13%
13%
13%
70
11%
Jan
14%
preferred__100
•
115%
115% 116%
70
112%
Jan
117
105 % 105%
40
102
Jan
106% July
N
Y
200
City Omnibus warrants
Y &
common
Honduras Rosario
-
Merchandise
Y Power & Light 7 %
preferred
105%
'- Jun
Apr
Jun
Shipbuilding Corp—
1
shares
Founders
Y
Water Service 6%
pfd
5%
.
preferred
Class A optional warrants
Class B optional warrants
Niagara Share class B common
Class A preferred
2d
5%
64%
10
100
100
i-
Hudson Power common
1st preferred
3
79%
80
375
67
67^y
1/64
Mines
1/64
North Amer Light & Power
$6
6%
6%
13%
14%
2%
2%
2%
7%
7%
1
1%
83'A Jan
Feb
77
May
Jan
s'a
Jan
Feb
%
Apr
Vk Mar
Jan
106%
Jan
105
1
common
Jan
Jan
2,700
%
Jan
•
2%
Northeast Airlines
Feb
•;
v.'l'/a
Jun
115
300
36
700
27% May
37% July
34
35
500
28
37
103
North Penn RR Co
5%
5%
100
9%
11%
9,100
87
Jan
Jan
108
Mar
113
July
116
Mar
120
•
30
,
14%
14%
1,900
v
7%
600
25%
5%
104
106%
25
1% July
Jan
113% 113%
•
Corp
54% Mar
Jan
113%
13%
July
4%
25
Northern States Power class A
Apr
7
87
1071"/;
Jan
120
\
107;
pfd.100
preferred
Jan
%
100
Nor Indiana Public Service 6%
Jan
52% Mar
11%
23
Jan
Jun
Jan
Apr
11% July
15% July
27% Mar
0
..
Brass
Co class B
Ohio
Edison
preferred
4'A% preferred
Ohio
Power
common
18 J/2
107 J/2
Oklahoma Natural Gas common
Feb
...15
Feb
115%
110
80
115
Jan
117
July
30
108
Jan
113
Jun
243A
5'A
Mar
fH CO £
v
1.500
25'A
Jan
6% July
26
Jun
6%
*.«*
..._1
Apr
7% Mar
8
'
Feb
9
6%
100
8%
8%
Co
5%%
•
common
1st pfd
preferred
1st
Pacific Lighting $5 preferred
Pacific .Power &
Public
Pacific
$1.30
1st
Light 7 % pfd
Service
——
34J%
preferred
Stix Dry
Richmond
Rio Grande
Radiator
Valley Gas Co v t c
Rochester Gas & Elec
& Pendleton
Roeser
Cable Corp
Rome
'6% pfd D
Inc
common
Roosevelt Field Inc
Root
Co
Petroleum
$1.20 convertible
preferred
Royalite Oil Co Ltd
Russeks Fifth Ave
Jan
Mar
St Lawrence
Paramount
Motors
Parker
Co
Pen
Parkersburg
Corp
§
pref
common
Salt Dome Oil Co
Samson United Corp common
Sanford Mills
St
Regis Paper
f
t
Co
Steel
Co
common
Securities Corp General
Jan
Jun
Hardware
Lock &
Shoe Co
Selected Industries Inc common
Convertible stock
25
106'A July
6
Feb
prior stock
certificates
$5.50
6%
Shattuck
com
preferred
preferred
•
2%
•
104%
Denn
Mining
8herwin-Williams
5%
cum
Co
common
Penn
Water & Power Co
Mfg
Co
Mfg
50
South
Coast Corp
South
Penn
Southwest
Jan
38
July
63%
144
65
800
144
50
;
ft
'
Apr
68
Mar
Jan
145
Jan
7
Jan
8%
500
1.400
29 J/2
250
73/a
73/a
100
5%
Apr
32 J/s
34%
4.200
22%
Jan
Phoenix
Securities
For
footnotes
1
common
see
293A
•
page
457.
33%
5%
15%
%
3%
1%
Jan
II
July
42% July
Jan
22% July
Mar
51'A May
15%
48
10
4.800
12%
13A
44J/2
Apr
*
11%
425
13 J/4
Jan
3%
July
5% July
Jan
11
200
Jan
26 J/2 July
21% July
22.600
Jun
23A
Jan
10.500
2,700
Jan
July
16
16
Jan
July
900
H May
1J/8 Mar
900
2 % May
4 J/2 July
%
105%
Jan
1% July
Jan
160
108
Apr
13%
100
13 %
Apr
153/4
14
400
10%
Jan
14
Feb
3
5
Apr
2,000
Feb
July
J/8 July
7%
Jun
Mar
17% Jan
3%
400
6
19
17
300
18
18
Jan
18
Jan
Jan
10
May
3%
4%
Jan
4"% May
6 "A
July
1%
800
4 J/4
4'A July
3 % Jan
,.
.
12,000 '"•)
J&n
*
3
3
14
14%
5%
6%
8%
9
5'A
5%
43
43
3
1
1
1
,
*
6
8%
5%
43
100
common
Oil
Pipe Line
Pa
11% May
4 % May
83A
2,100
25
10 J/a July
Jan
32
6 J/2
Feb
July
46 J/4 July
Jan
v
1%
700
6% July
Feb
2%
1,500
July
15
.
~
2 % July
2%
200
2%
68
2%
7,000
68
68%
275
503/4
Jan
75
Jun
32%
33%
600
27%
Jan
34
July
..
85
84
87%
200
64
Feb
933/4 July
10%
11
400
2%
2%
19
--
2%
/
*
3%
J
19
3%
14
Jan
13A Jan
9%
Jan
1
'
1
5
2%
2
2%
10
10%
4,200
1
1%
Jun
3%
Jun
2 J/2
July
Jan
11 J/2 July
Feb
22
3A
Apr
1>A Mar
Feb
103/a July
6%
*
9%
9%
93/4
1,550
6%
July
Mar
74%
75
350
67
Jan
77
75
75
100
69
Jan
753A July
%
Jan
3%
Jan
6%
Apr
2 3/8
Feb
400
If.
3%
3 /a
3%
1,000
1J/8 July
4
J/4
Feb
10% July
3%
Apr
133/4
Jan
12
—
—
•
7
Feb
1023A May
Apr
1153/4
12
Feb
.153/4 July
Jun
16
Jan
Jan
32
Jun
July
Feb
—
—
1
-100
—
—
Apr
91%
13%
--
300
100
110%
26
—
•
--
96% 97
111
111
--
—
25
100
253
•
12 J/2 Mar
16%
J
£1
100
May
48 J/8
Jan
2,500
1
25
5
3 J/4
Apr
1
18,400
10%
July
19
Jan
2%
100
40
—
—
--
4
253
4
255
300
40
Jan
4
Apr
275
Jan
23/4 Feb
—
4
July
Jan
111
2%
229
108
16%
16%
16
J/2
25
12 3/4 Mar
2%
Jan
Jan
16 J/2
Jun
4'A July
__1
3%
...1
53/4
53A
6
600
33A
gan
6 3/4 Mar
2%
23A
3
4,000
2%
Feb
3'A
—1
6%
6%
7
1,600
4% Jan
Pipe
Line
Royalty Co
(AG)
3%
4
1,200
3%
600
Jan
2%
...1
3%
431/2
44
400
40
Apr
.10
29%
29%
150
28
Mar
40
37
\
•
30%
41
31% 31 A
30% 30%
..
—
41
■
Spalding
33/4 July
2% Mar
75
20,400
& Bros
—
Mar
1
3 J/2 Mar
45J/2 July
July
31
43%
Jan
Jan
100
29%
Apr
32 J/s
300
29 %
Jan
31 Vb
Feb
July
Jan
2
67
Jan
77
July
121
July
130
Jan
1%
_.
6%
5%
Jun
6% July
Jan
J/4 Mar
13
July
—
11%
6%
900
11%
11%
400
9% Mar
8%
8'A
200
5%
1
10
5
Apr
7% July
1%
200
U
6%
8%
—
Apr
9
93/e Jun
July
61%
10'A
I25
3%
Jun
125
29 3A
pfd
i7«
40
1.400
1,700
50
Southland
77/a
Co
May
lO'A May
Jan
la
3%
Southern
10'/a
Packing
123A
4
6
Jun
•
Phillips
15%
450
3%
Jun
1
common
157
Jan
8
169
Philadelphia Co
Electric Power 5%
Apr
1% Apr
7.400
~6% "6%
Mar
2% Mar
2%
July
31
63
1%
5%
18
20
161
■
853A July
Jan
149
2%
1001/2 Mar
% Jan
^
.'' *
May
13%
1043/4 July
45
—
17
13%
Jan
Mar
f
30
15%
la
3%
100
*
5
5
-1
Jan
43
25
800
71%
180
107% 107%
94 J/2
150
250
:
84
20
21%
50 % 50 %
36
39
2%
2%
25% 26%
12 % 12%
3%
Jj}
California Edison—
5% original preferred..
25
6% preferred B
25
5%% preferred series C
25
Southern Colorado Power class A—25
7% preferred
100
Southern New England Telephone__100
Southern Phosphate Co
10
Pharis Tire & Rubber
Phila
1
1
Southern
74% July
I
133/4 July
25
Jun
Jan
f
100
•
Manufacturing common
Mar
64%
—«'
•
Co
Corp
May
Jun
2'/a
14% July
Jan
8%
500
1
Aircraft Co
Manufacturing Co
50
Jan
2.50
Circle Co
& Elec 7% pfd
Paper Mills
34
29
'
Pepperell
(Howard)
Sonotone
Soss
rets ord regis
City Gas
Smith
22
■
Perfect
dep
Amer
Sioux
Jan
5%
'
Salt
Traffic Co
Manufacturing Co
Manufacturing Co Ltd—
343A
•
Penn
Penn
Simplicity Pattern common
Jan
33 J/2
2Va
Jan
■
154%
1%
—
*
common
pfd series AAA
of Canada
Jan
Apr
103'/a 1041/2
80%
152
—
90
•
1033/4 July
Jan
12%
5%
*
Shawinig'jn Water & Power
16 3A
Jan
44
Light $7
July
4%
74'/a
&
9
24
.-'ff
44
Power
Mar
12.600
74
$6
Apr
Jan
5%
$2.80 series preferred
Penn Gas & Elec class A
Jan
11%
11
11%
"
Solar
Mar
9
51/2
5%
Pennsylvania Edison Co $5 series pfd_*
Penn
1
Seton Leather common
Solar
82
50
__
93%
50
—1
20 3A May
Feb
371/2
■
250
103
800
26
Safety Control
class B
Sentry
Serrick Corp
Jan
371/2
1
Jun
14% July
13%
Allotment
Jan
6%
•
Pennroad Corp common
118
Jan
16%
38
2%
Bros Inc
Seeman
80
400
•
1081/2 Mar
Jan
13%
207/8
preferred
$6
,.
Scullin
IO91/2 May
96%
100
20
Patehogue
$1.40
Plymouth Mills
Telephone common
preferred A
33'A
19 J/2
Jan
Apr
10%
15%
.
common
32
331/4
9% July
8
8.500
13%
/
common
(D A)
Schulte
106'A Mar
-
1
Apr
101
152
*
1
Convertible preferred
25
Bedvill Manufacturing
25
Scranton Spring Brook Water Service—
Schiff
Singer
f
10
Peninsular
13%
5
Oil Co
Savoy
35% July
8.400
7%
7 J/4
7%
.
1
& Reel
Rig
13%
103
16%
2%
Corp Ltd
A $2 conv
Class
19
.;T-
6 3/4
114%
Aeronautical Co
—
1
Consolidated Petroleum
•
Ryerson & Haynes common.———1
9% July
"
•
500
12%
Ryan
Jan
"
—
7%
7% Mar
Ryan
5
-
Jan
108
Investment A
Aviation
Goods
Richfield Oil Corp. warrants
Rice
Singer
■
'ft
372
7%
i7ff
7%
common
Republic
July
■
•
% Mar
400
10,600
—
15 '/a
——
•
Jun
IOJ/b July
9%
%
15
32%
20
July
Jan
8%
%
—
38
50
106
106
v"_ —
1 i9o
48 J/2
6%
15%
Jan
100
108% 108 %
•
Page-Hersey Tubes common
Pantepec Oil of Venezuela Am shs
34%
July
Rath Packing Co. common
Jan
2,000
38
34
Jan
43
20
Jun
Jan
ii
52,200
is
46
10
1
10
Raymond Concrete Pile common
•
$3 convertible preferred
•
Raytheon Manufacturing common__50o
Red Bank Oil Co
1
Reed Roller Bit Co
-—*
Reliance Electric & Engineering
5
Voting
Railway & Utility
13
,
37%
X37J/2
Jan
1
1%
1%
35
•
25
25
•
100
26%
100
32%
32%
45
Radlo-Keith-Orpheum option warrantsRailway & Light Securities
Silex
Can
July
J/2
R
Simmons-Boardman Publications—
$3 convertible preferred
Pacific Gas & Elec 6%
7
10 Va
Sherwin-Williams
Pacific
Jan
Apr
112
24%
9% July
5%
—»
.100
preferred
Quebec Power Co
6%
Feb
117
~"l
Securities.
4%
111%
•
4
Jan
82
Quaker Oats common
243/4 July
112%
116 J/2
♦
United Filters B
Jan
July
114 J/4 115
116%
.
.■/
Omar Inc
Overseas
25
120
24%
109
112
Ltd common
Oilstocks
Oliver
100
3% May
1.300
43/8
24 J/4
107 »/2
..100
preferred
1st
6%
4»A
4%
-
*
Jan
5%
45
9
Selby
_100
1st pfd
Ohio Public Service 1%
4
*
$6
2
1.100
5
10
Manufacturing
Segal
Ohio
6.100
9
•
Seiberling Rubber common
Ogden Corp common
3%
32%
1%
Puget Sound Pulp
Pyrene
Mar
8%
10
preferred
& Timber
Pyle-National Co common
$5 prior
May
15
3%
Light—
Common
17
9
100
100
1st preferred
7% July
35
.•
.5
1
50
7%
Puget Sound Power &
Jun
Jan
Feb
3%
of Colorado—
1st preferred
53/8
Jan
14%
•
*
Gas
Jun
133A
5
*
•
1
•
1
1
common
3%
100
4
13 % July
11% July
4%
50
prior preferred
American Utility Securities
Northern Central Texas Oil
4
Jun
63
121J/2
14% July
Jan
1%
500
Jan
9%
1,000
.
Jan
Apr
10%
,
95
6% July
112
-.6%
Novadel-Agene
3% Jan
Apr
•
North
7%
Jan
5%
7,000
.7%
? 75
:■
Jan
1/128
100
1,000
13%
111
•
preferred
B
65
100
common—1
•
North American Rayon class A
Class
74%
10
%
%
'
.1
—
2'A
7,800
79%
1
5
Electric
May
520
2%
•
Nineteen Hundred Corp B
Noma
May
60
17% Mar
Jan
109
2%
5
.-100
Niles-Bement-Pond
Nipissing
13
50
111
64%
70%
111
100
Niagara
100
15
15
$5.10 pfd.100
N Y State Electric & Gas
N
July
47%
230
11%
Jun
9
Jan
5"%
75
104% 107
9%
6% May
:-y3v.y
60%
July
88
300
8
1.100
Jan
May
'.
8'A
113%
111
112
7% July
114
85%
10
88
Jan
29% Mar
_•
Auction
Y
N
N Y
Jan
26
4%
111%
11
2% July
Jun
Jan
3%
6,500
28
200
July
'
25% July
75
6%
12 %
12%
15% July
Feb
10
Y
N
$6
12
Apr
Apr
•
N
N
Jan
10
12%
13
Jan
12%
7% July
13% July
600
24
42 % July
55 3A
1.000
9%
8%
„
12% July
Jan
9%
1
New Process Co common
Feb
9%
•
& Arizona Land
Jan
58
18%
23%
23'A
25
Zinc
New Mexico
14% May
1,300
•
Inc common
New Jersey
Feb
Jan
12
•
100
•
100
Co..
44% Mar
11%
100
11%
•
•
New
$2
13%
10%
—.5
—
England Power Associates
preferred
preferred
England Tel & Tel
6%
13%
*
1st pfd
(Herman) Corp
Neptune Meter class A
Nestle Le Mur Co class A
New
10,700
13%
100
Nehi Corp
32 % July
35
Jan
50
100
12%
•
Nebraska Power 7%
Nelson
54%
Feb
Jan
4%
1
Radio
Co
2% July
12
3,300
11%
30c
National Tunnel & Mines common
Navarro
14%
54%
12
12.50
National Transit
National
13%
13%
•
10
Sugar Refining
5%% preferred.^
National Tea
Jan
28
•
Ltd
Car
Feb
17
Jan
1%
8,100
35
50
•
•
•
•
National Fuel Gas
2%
35
25
•
50c
preferred
Candy Co
National City Lines common
$3 convertible preferred
7%
National
2%
2%
Apr
1.020
of America
Producers Corp of Nevada
Prosperity Co class B
Public Service
14%
•
1
•
Corp
Bellas Hess common
National
37%
61%
Co
6%
Nachman
50
60
Metals
Providence
N
Jan
42 y4
60%
Gold Mining
Premier
7
42
50
10
25
1
7.50
10
25c
Alexander
Corp of Canada
Power
Jan
18% July
Jan
13A
3%
&
6%
17%
common
Mining Co
Powdrell
12%
45,200
42%
•
Postage Meter
18%
-
178% July
High
800
3%
33A July
93/4 Jun
& L E RR
35%
;
preferred
6%
July
12
Feb
2
7
Low
17%
50
24
2%
14
Range since January 1
3
Ltd—
Mines
Gold
Jan
8% Mar
1,800
400
Shares
Hinh
15%
•
1
common
1,200
130
6%
•
2%
•
Murray Ohio Mfg Co
Co
Governor
Pierce
__
—
5o
10
•
100
City Copper common
Mountain
Muskogee
11% July
Jan
Pittsburgh Plate Glass
Pleasant Valley Wine Co
176'A
Mtge Bank of Col Am shs
Power
2
7
—
•
Investors partic pfd
Moody
10%
3%>
3Va
—
8%
—
Ward A
Montgomery
lO'/a
10%
23%
10%
__
1
10
•
•
150
103A
22V2
for Week
of Prices
Low
P«r
High
Low
Sales
Range
Last
Sale Price
Range since January 1
High
Week's
Friday
Curb Exchange
York
New
Shares
of Prices
__
1
1
Molybuenum Corp
Monogram Pictures common
Monroe Loan Society A
for Week
Low
Par
JULY 28
ENDING
Sales
Range
Last
WEEK
STOCKS
Week's
.Friday
V
r:
'
-
FOR
RANGE
8% May
29
Jun
34% July
8% July
10i/2 July
33J/2
8
Jan
July
34% July
—
Spanish & General Corp—
Amer dep rets crd bearer
Amer
Stahl-Meyer
Corp
Inc
Standard Brewing Co
•
5
4 3A
43A
2.78
__
1%
Jan
1% July
11/4 July
4,500
y4 Feb
1,100
3% May
1%
4,100
23/8
•
45
% Mar
5
3/4
dep rets ord regis
Spencer Shoe
Jan
40
Jan
A Feb
5 J/s Juiv
4'/a Jul J
1%
Apr
THE COMMERCIAL & FINANCIAL CHRONICLE
456
Monday, July 31, 1944
NEW YORK CURB EXCHANGE
RANGE
of Prices
Sale Price
Low
Fat
10
-1
20
preferred
Convertible
Standard Dredging Corp common
preferred
$1.60 convertible
1,100
25
900
18VA
112%
112%
112
%
B
class
(The) Corp voting trust
Steel Co of Canada
Starrett
11
': -y
19
July
175
108%
Jan
- 114
%
Jan
ft
Apr
ft July
Jan
82% July
Wool worth
7% Jan
13% July
American
deposit receipts
Wright Hargreaves Ltd
5,100
500
150
54
700
ft
8,800
Vs May
1% Apr
2%
1,500
4$ Feb
0^000
v..:
\
.
mm
i
57
15%
200
5
Jan
Wolverine
&
Light 7%
Portland
pfd—100
110
43%
Jan
12
Jan
15
9
Jan
12
July
5%
5%
200
3% Jan
6
Jun
2%
2«/a
400
1% Jan
15%
200
8%
Feb
500
%
Feb
5%
,
1%
16
1%
,1%
12%
m0:
12%
12%
1,400
18%
,
II
17%
18%
800
5
5
V100
.1
11
11
400
7
Jan
14% May
11%
11%
200
7%
Jan
11% July
3%
312
16,800
—Ba
«
3%
14%
14%
100
BONDS
New
York
Curb
Period
20% May
May
Tampa Electric Co common
2%s
f
s
3%s
debs
s
I
s
f
1950
debs
Oil & Land Co
Tobacco
Product
Amer
dep
rets ord
Amer dep
Todd
7%
6%
Trans Lux
11
23%
regis
J-J
1961
J-J
2024
A-0
1956
J-J
—1953
J-J
25
Feb
12%
Jan
6
Mar
119
Mar
10%
2,100
7%
Apr
100
19%
Feb
2,100
7 *
6%
Jan
10
3%
9 %
60
Jun
400
4%
57%
Feb
•
12%
700
1%
2,300
1%
•
70
__
100
72
9%
l'A
180
106
100
1
Corp
l'/4
1
Transwestern Oil Co
1
4
10
1%
4
4%
1948
1950
1,100
500
3
-
Tung-Sol Lamp Works
~7%
1
8%
7%
4
1,700
Canada
Jun
51
89 y2
90%
107%
109 Va
124 y2
128
31
103%
106
214
5
79%
%».'V
103 Va 104
104
101 y2
99
10
;
109 lA
109
$124% 125
90%
A-0
r
25
I"
23
23
29%
41
.
29
104
25
24%
24%
25
24%
23
29 Va
22%
107
29
24 Va
24%
20
22%
29
94
95 y2
52
85%
05%
108
95
25
24%
24%
F-A
M-S
$24%
108%
6
109
107
M-S
J-D
J-D
M-N
+
1998
Q-F
$150% 175
150
$107
110
101% 102
105%
106%
8
101%
104 7/8
102% 103
9
101%
103 v«
99%
103%
?'
$100
—
Inc
6%s
1962
2%s
El
M-S
1970
Power
Gas
&
A-0
1968
5s
113%
101%
J-D
120%
119
14
101% 102 %.
102
XX5%
119
113% 113%
120%
1953
M-N
1964
J-D
1948
3%s
J-J
49
48%
49%
M-S
50%
49%
51
114
37
100
10
150
98
—1954
105%
107%
$107
51
36%
-"If
107
preferred
*
52
53
12%
12%
100
Central States Pr & Lt 5%s stpd—.1953
13% July
10% Jan
J.J
JAChicago Rys 5s ctfs
Ry 5%s A
convertible
80c
1927
M-S
62 Vs
79
1952
J-D
$102y4 102%
101%
104
1955
A- O
$104% 106
104 Va
105
1966
M- 3
Cincinnati St
U
series
6s
Ulen
Unexcelled
Union
Manufacturing
of
Gas
4
9fi%
104 y4
2%
Jan
5% July
Conv
deb
5s
1950
F-A
103
103
103%
96.
98%
106
2%
Jan
3 % July
Debenture
5s
1958
A-0
103
103
103%
13
97%
104
900
Union Stk Yds of Omaha
United
Aircraft
United
Chemicals
$3
$5
5
common
4%
Jan
7%
Feb
104%
104% 104%
5
98 V*
104%
Feb
7 %
Jun
dep
Co
11714
$5
U
U
S
8
class B
common
A-0
122
1958
F-A
103
Cuban Tobacco 5s
1944
J-D
1956
M-S
100
102
134
•
warrants
ngs/g 11714
3o, ^
ft
500
2
•
•
6%
6V«
100
~~s/a
4%s
1954
Eastern Gas & Fuel 4s
Jan
Electric
Power
Jun
V
Apr
,
Feb
Elmira
Empire
District
Federal
Water
Water
ser
A
Light
&
% Mar
A ^n
A Jan
33%
II_1
common
1
Jun
Gatlneau
Apr
General
II
Power & Light $7 preferred
Utah Ro dio Products
common
•
1
10c
priority stock
1
6% July
Jun
%
Lt
5s
2030
F-A
RR
5s
1956
M-S
1954
Power
Pub
5%s
3%s
A
1969
5s
Serv
265
Feb
Glen
Alden
§AGobel
7%
6% Mar
Jan
Jun
Grand
Coal
Trunk
West
7fii/,
850
69
Jan
77% July
Great Nor Power
44
150
42
Jun
44% May
Green
4% Mar
9% July
93/8l
1,100
734
3,100
5%
Jan
8
Feb
11
"\y&
"114
1.300
%
Apr
1%
87V2
88%
375
78%
Jan
91%
Jun
oy
03/
400
2%
Jan
2y4
21/
1,100
1%
Jan
,0
100
"4
»
3%
4
10.600
13
100
12
13
1.400
7
Jan
4,500
1%
'
5514
~2V
8
5=14
82 y2
82 y2
55
734
7
2
82i/a
2
o
4
1st
2%
Jan
3% July
51%
1%
61
Jan
Mar
1103%
102
103 %
103% 103%
102%
$99
J-D
71
J-J
$68%
1966
J-D
107% 107%
Vogt
1
3
8
preferred..
Petroleum..
45
2%
44
.1
9%
Manufacturing
14
3%
1,900
45
70
9%
2,100
14%
500
1%
27
A-0
1949
A-0
$102
A-0
105
1957
M-S
1958
M-N
1950
A
series
5s
5s
ref
J-J
1963
M-N
1953
Feb
A7s
A 7s
2% July
83 %
...
Jun
C
series
A7s
coup)
Feb
3% July
Jan
coupon)
1941
coupon)
107%
5
103%
105%
102%
103%
103%
8%
Feb
8
Feb
$31%
Wayne Knitting
Ve.ntworth
West
Texas
West
Va
97
80
94 y2 May
97
20
20
350
14'%
Jan
20%
100
l'/s
Feb
2%
Utility $8
&
1.25
preferred..
Coke
Western Air Lines Inc
Western Maryland
Ry
Western Tablet &
Ills
-IIIIIZIZII
1
7%~Tst~pfd" -100
Stationery
Westmoreland Coal
Westmoreland Inc
Weyenberg Shoe Mfg
~
—
5%
—
9
8%
120
—
5%
6,900
'
20
lOVs
12,600
9
700
120
20
—10
1
—10
27%
see
page
457.
15
3%
108
5y8
7»/4
84
Feb
11% July
July
jlj
35
J-J
95
35
68 Va
33
25
35
32
4
23
33>/4
35
96
38
9
28%
36
107% 1Q7%
11
107 %
109
106%'
107
2022
M-S
$119% 123
1969
J-J
60
$105% 108%
$110% 112%
Electric 6s
& Light 3%s
35
68 y2
J-D
77%
120
122
111
112%
107% 107%
1970
107
109 Va
108
108
106
103
103
Jan
,
108
110%
102%
103%
A-O
Valley RR— *
Extended
at
4%
to
107%
J-J
102 7/s
Apr
9% July
138
July
Jan
Jan
Jan
20
-
Jun
1st
Nassau <5c Suffolk
Nebraska
6s
New
New
4y2s
A
Amsterdam
Gas
5s
5s
New
New
M-S
deb
5s
England Power 3l/4s
England Power Assn 5s
Debenture 5%s
1948
M-S
M-N
1961
A-0
J-D
69%
108%
106
107 Vs 107 Va
10
105%
108
102 7'8 102%
5
102%
104%
2
100%
101%
'
82%
82%
84
82'/a
109
101%
102 Va
108
'
•
-
111
116
120
111
2
$110% 112
84%
M-N
1948
1954
62%
103%
117% 117%
J-D
1950
7
106%
$109% 110
J-J
1947
68 »/4
10
,68
$107% 109
104
J-D
1948
Eng Gas & El Assn 5s
mi
F-A
1981
Ltg 5s
J1943
.—2022
Power
series
Conv
Jun
Jan
5s
Mississippi P & L 5s
10% July
10
ref
&
&
104%
101 % 101 %
68
J-D
10% July
Feb
110
107%
101%
1957
Jan
Jan
105%
$107
$100
M-N
1955
111% July
8
106% 106%
M-N
J-J
1971
J-D
5% July
108%
104%
1943
M-S
Apr
8'/2
E
1967
18% Mar
Jan
99%
1963
4s
Petrol eyas
1978
28% May
16
Midland
103
1965
Edison
G
Middle States
r
F-A
Mfg—
stamped
series
1966
1948
Radiator
J-J
A-0
Light 4%s
21
150
33
88%
32%
1966
3%s
L 4V2s
18% Mar
300
>22%
66 y4
M-S
Gas
23
10%
25
1
30
32
P
100
20
5
53
35
95%
1965
Power
33%
21%
3
94%
■
Minnesota
250
—
25
30
31
31%
J-J
2% July
20%
10%
101%
109
30
Milwaukee
28
20
101
30%
Jun
26
1
For footnotes
7%
20%
—20
Wichita River Oil
Corp
2%
110% 111%
"9%
com
~"H
4%
900
106%
30%
J-J
Kentucky Utilities 4s
4% July
96
~M~lIs~~ "8
Manufacturing
Coal
May
11
0
93
3
31%
30%
F-A
1952
4s
3
10%
♦
I
93%
4
107
15% July
/nn
Waitt & Bond claw
A
Class B
18
99%
99% 100
1957
5s
6s
Metropolitan
__
105ft
105 Vb
1963
6s
—
11
105
15
107
1952
1952
1941
Power
Kansas Power
•
trurt «"» ««-*
102
102
ft 105%
99%
99 %
107
1957
F
(July
Kansas Gas &
48% July
11% Apr
W
Aircraft Co..
111
104 Va 104 y4
J-D
1955
—1957
E
(Aug
Interstate
1941
1
(Dec
series
3'As
L
&
P
series
A6%s
A7s
McCord
Waco
75
106%
104
$103
F-A
1970
5s
Lake Superior Dist Pow 3%s
W?l'ne«B?IcingJvotiDg
7%
preferred
110
64%
103 '/a 103 y2
103%
Jan 1949
1953
.:
Kansas Electric
common
convertlole
103%
106%
103%
Superpowei 6s
Jersey Cent Pow & Lt 3%s
$4
103%
98%
100
102%
J-J
1958
5%s series B
Debenture
Venezut'an
101%
112%
102 y4
1953
6s
Altallan
Valspar Corp
10
13
101% 102
$111
104
ref
Ab%s
8% July
Feb
Jan
103%
M-S
100
104
SInternational Power Sec—
23% May
Jan
J-D
M-S
97%
101
62
108%
1st &
&
8
3
103% 103%.
$..:, :>
103%
6s
1st iien
99% 100
99%
J-J
101
ref
28% July
4
106%
103
26
Jan
74%
103
$105% 107
Indianapolis
Jan
100
124 %
106%
$106% 107
4% July
22% July
Jan
GOO
104 Va
123
102%
F-A
&
Service
18
3.600
2
8
J-D
A
Hydro-Eleo
18%
550
3
•
July
Feb
1.200
Zl /2
10
Light Corp—
Indiana
13
450
211/
101%
124
102% 103 y2
Jan
ser
&
14% May
,
20%
99
21
100
1950
B
Power
Indiana
500
oIi/o
91
series
I' ^uly
20
9114
'"2%
4
Jan
47/3
4
6s
Illinois
.2% July
%aJun
Feb
^34
434
93 %
101% 102%
J-D
1950
v
Jan
13
13
99
176
104%
.1963
West
&
Hygrade Food 6s
4% July
A Apr
2%
90%
3%
Houston Lt & Pwr 3%s
Jun
88
I
99
14
stpd
4s
Pow
Grocery Store Prod 6s
July
July
™
•
119
88
98%
$104% 107
1965
5s
Mountain
Guantanamo
9
I
125
1
103%
124 V8 124'/a
1978
4%s series A
431/
7
104
122
99% 100
102%
1941
4s
(Adolf)
A-0
1953
1948
Georgia Power & Light 5s
July
%
74
83/4
108
102%
103
98%
M-N
5s
Service
74
71/3
105%
122
;
98%
M-S
1952
&
El
4374
__
.
63% Mar
39%
93
Feb
263
•
9
4
100
_
10
Utah
$5.50
Jun
50%
121%
Feb
25
Gen mtge
Mar
May
ft Mar
5,000
10
Voting trust ctfs
Universal Products Co
Utah-Idaho Sugar
Utility Equities
3
%
650
39
•
Insurance
Pictures
xll4
Apr
2,600
56
1
Universal Consolidated Oil
Universal Cooler class A
Class
B
Universal
1%
.
July
2,000
,76
39
s/a
•
with
Reclaiming
United Stores common
United Wall Paper..
Universal
5.100
8
Radiator common
Rubber
Jun
Continental Gas & El 5s
_
23
Securities
103% 103 %
Feb
18
9
107% 107%
J-J
Jun
6'/«
common
J-D
1976
mtge 2%s ser Q
Gas (Bait City)—
32
Feb
110'/a
Consolidated
AGeneral Rayon Co 6s ser A
10
International
1969
P
ser
119
109
109% lOt) %
18%
90
23
1st preferred
95
N
mtge 3s
3-D
116y2
(Bait)—
A May
54
regis
Sharing
Graphite
Jan
ref
1st ref
2% Mar
Ltd—
preferred
and
80%
1st
64% July
:
1971
Pr
$125
17% July
80
39
1
S
:>
Jairfc s
series
&
M-N
300
55%
•
U
S
Jan
Feb
ft
1
U
3%s
1%
•
United Specialties common
U
11% July
25% July
Lt
A-0
1951
A
6,500
•
Preferred
Foil Co
59
Jun
Gas
7s
Pr
i/8
..'II
100
S
El
Consol
1969
&
91
134
*
Machinery
Lt
103 % 104
175^
i/8
25c
Shoe
:
16
•
United
10%
22.300
5s
Connecticut
68 % July
Jan
91
•
United NJ RR & Canal
United
14%
100
2%
Debenture
5s
171/3
U
1
preferred
rets ord
Prout
25
Service
May
7%
t
~
Products
Molasses
-
2
•
participating
Amer
3.200
25
warrants
Milk
9%
2
20
non-voting
United
8V2
66
90
•
10c
warrants
Corp
68 Va
9
•
United Light & Power common A
Common class B
rr$6
United
68%
•
:
Stores
United Gas Corp common
1st $7 preferred
Option
v68%
1
-Prior preferred
oorp
%'.>•; sy2
.
100
preferred
United Elastic
-
51/3
Products
Cigar-Whelan
United
$3
3
& participating pfd
cum
United
47/3
2%
•
52
70%
5%
45/3
2%
10
Co.
Canada
43/3
10c
Corp
68%
70%
100'/a
400
1
Realization
B
100
1.000
Cities
Udylite Corp
'
90%
1957
B
6s
A5%s
9% July
Jan
104%
1964
§ACentral States Electric 5s
10% July
108%
109 y2
101%
1960
Steel
111
"
106%
of Canada—
series
Northern
Central
106
1
1947
C
Edison
Boston
1
F.)—
(B.
warrants—..,
Birmingham Electric 4%s
1 % Mar
9% Mar
5s
Blckford's
4% July
24%
M
series
Bethlehem
1% July
Jan
1968
1977
1955
City Eiec 3%s
Telephone
1st
Jan
H Mar
5s
5%s
without
5s
Feb
May
18%
5s
& Sons
5s
High
105
83
100% 101%
109%
F-A
Avery
July
102
J-J
deb
102%
109
109
.
Jf-8
1949
Debenture
Low
2
Co—
4%s
Jun
115
Elec
&
4%s
Atlantic
July
109%
U Jan
4,700
1%
1
Apr
4,500
22%
21%
__
warrants—
July
113
mmmm
4%s
Gas
deb
A
1% July
80
Elec
5s
deb
AConv
12% July
Feb
Jan
Feb
58
Lt
Assoc T & T deb 5%s A
Jan
4%
&
AConv deb
11% July
Jan
1
300
6s
AConv
x23% Mar
59
deb
AConv
May
6% July
10% July
10%
12%
„
Pr
'SAssociated
24% July
Jan
114%
Lt
January 1
NO.
101% 102
J-D
1970
&
MUth
106% 106%
M-S
Bell
preferred
4V8 July
Range Since
Sold
103% 103%
J-J
deDS
Pow
Amer
Jun
300
7,
59
6%
Jan
6%
22
10%
May
Co Ltd—
Mining of Nevada
Tri-Continental
9,900
4%
preferred
Tonopah
107/e
1
def reg
recs
Edison
9%
22
•
Shipyards Corp
Toledo
10
Exports
Tobacco Security Trust
200
23%
6%
1
Allied Stocks
24%
■
8
Realty & Construction
5
1,300
•.«.
1
&
21%
2
Roofing Inc
Tishman
22 Ve
100
Textron Inc
Tilo
6
24%
•
1960
2016
3%s
Amer
Bonds
Friday's
or
/-J
1970
Jun
Apr
Associated
5%
*
common
Tobacco
15%
15%
Apr
9% Apr
1
common
Jun
Co.—
Writing Paper 6s
Appalachian Elec Pow 3%*
12% Jan
15
—
Last
Low
American Gas & Electric
14% July
17
IS
Taggart Corp common
Co
6
2% Jan
Sale Price Bid & Asked
16% July
1% July
Arkansas
Shovel
:v
Week's Range
Friday
Interest
Exchange
Appalachian Pow deb 6s
Tnew
3% Jan
Apr
12% July
«
Texon
Jan
Apr
—
2% July
mrn
pfd
July
-
6%
111
Jun
700
& Co new common,
Light 7%
Apr
.10
Cement
Ltd
(F W)
12
Jun
11%
~
n
11%
'
Texas Power &
5% July
Jan
Feb
5% Jun
Jun
9
52
Zo
Technicolor Inc
3
•
Jun
53% Mar
13% Jan
..'--
8
Jl
Swan Finch Oil Corp
'
10
•
14% July
Jan
2% Jun
—
1
Machinery—
1,700
5
8%
2% July
,
■
(S)
4%
'
1
Woodiey Petroleum
A July
400
on
Stroock
Wisconsin Power
Jan
2%
7%
.50
bullivan
%
Inc
High
Low
:> 100
Mar
11%
.
•
13%
Range since January X
High
13%
•
Heating
Feb
.
TOT
Corp
Products
Shares
Low
Co
Winnipeg Elec common B
Apr
2
.1
Hugo t
&
Sales
for Week
Range
of Prices
•
Oll-O-Matlc
Wlllson
C)
17%
•JSO
I
Williams
3% July
%
—
Sterling Brewers Inc
Sterling Inc
Stetson (J B) Co common
(R
19%
81
—f
ctfs_.l
preferred
1st
Jan
1%
Sterchi Bros Stores
6%
18%
Par
Williams
Jan
V
& Co common
(A)
Stem
High
15% May
25% May
Jan
Week's
Last
Sale Price
Jan
%
•
ft
li%
1
1
Products Co
Tube
Friday
Exchange
2
ft
Va
■
A
—
Standard Silver Lead
Curb
2,300
li
80%
Standard
6
800
3%
York
16
Oil (Ky).<..
..———-10
Standard Oil (Ohio)—8% pfd
100
Standard Power ti Light
1
Standard
STOCKS
Low
13
i 3
Standard
Common class B
28
Range since January 1
Hia>
23
24%
JULY
ENDING
New
Shares
12%
-1
Standard Cap it Seal common.-
WEEK
for Week
Range
Exchange r
Curb
York
New
FOR
Sales
Week'*
rrtdsy
STOCKS
113
41
72%
88%
84%
19
72%
88%
85
58
72%
88%
85%
103
7
107
110
101)4 102
66
95%
102%
102% 103
25
97%
103
EXCHANGE
NEW YORK CURB
RANGE
Last
Interest
Curb Exchange
Period
Alncome 6s
Y
N
J-D
Nov 1949
A
series
ii'
1945
m-n
1968
a-0
108% 109
108
A-O
106 3/4 106%
12
105%
106%
1962
1948
3s
mtge
Service
4s
Oklahoma Power & Water 5s
Light
&
Power
Pacific
F-a
1053/4 1063%
22
1053/4
Penn Central Lt & Pwr
5s
1st
104 %
p-a
4Vis
Power
4Vis
Shawinigan Water & Pwr
D
series
Wyoming Coal 6s
Power 5s
Carolina
106
107 %
108 %
1063/4
31
108
m-s
1073/8 107 3%
1
106
j-j
103
m-n
106%
Af-8
J-D
108%
1063/,
113% 114
6
; 113%
115% 116
..
—
15
111%
115%
j-d
2030
a-o
1960
40%
j-d
1964
40%
m-s
1951
j-d
Electric
5s
Traction
5s
Newspaper Union
1153/4
116
f
s
107
to
24%
1
/. 109% 110
6.
107
110%
105%
118
100
■:
109%
114%
1
101%
:
$993/4100%
1959
109
108%
i-
$116% 117%
.
453%
105
7
v.
'<•1
extended
1944
conv
58
41%
105 3/4 1053/4
.109%
—
1959
1937
56
94%
95 %
12
85
j-d
99%
99%
99%
.4
96 3/4
100
1947
debentures--..
5s stpd
|A York Rys Co
107%
100 3/4
2
j-d
99%
99%
99%
12
96%
100%
■
—
•
97%
103
106
112
108%
111%
98%
923/4
106% 106%
98%
~
99%
103%
105%
15
137%
152
98%
103
19
109%
113
127
128
$102% 102%
j-j
J-J
109% 110
$126
Af-S
J-D
105
105%
6
103%
105% 105%
1
103 %
105%
2
104%
105
105
106
104
106
107
109
I
' 9 V
'
:
f-a
1083/4
$105
v"
863/4
1083/4
101%
104%
83%
15
11'
90
87 %
—■
1043/4
106 %
*V
101% 102%,
101%
Af-S
m-n
Extended
91%
ALima
82
F-A
79%
J-J
_
79%
/ $16
May
96%
973/4
129
86%
973/4
"
May
1948
a-0
97%
96%
97%
133
87
98
.1951
f-a
97 %
96%
97%
69*
86%
973/4
1966
J-D
97%
97
97%
47
863/4
97%
j-d
.1951
stamped
——
96%
97%
28
86%
97%
97%
f-a
.1957
gold debentures
Power & Light 6s
AStarrett Corp inc 5s
Stinnes (Hugo) Corp—
A7-4s 3d stamped
A Certificates
of deposit
6s
.1957
f-a
7
96 %
963/4
12
86%
97
.1950
a-o
40%
40%
41%
32
293/4
29%
40
—-
-
40
19
20
24%
40
36
37
1
16
17%
3
58
76
33
41%
34
43%
a-0
1931
3-D
.1972
3-D
m-a
.1959
j-j
.1919
j-d
7
7
7%
35
3%
8%
j-j
7%
7%
7%
20
3%
8 5/8
;'
16
76
—
16
76
$39%
iyif;
">/
41%
$38%
——
.
,
20
20%
$39
33%
1958
30
23
23
Stinnes
a-0
,.1946
1921
A5%S
$Prlday's bid and asked prices;
ABonds being traded flat.
106
,
106%
15
106
106
j-j
1960
1956
6s series A
2022
Tide Water Power 5s
1979
Toledo Edison 3Vis
—1968
Twin City Rapid Transit 5%s
1952
5s
106 %
24
m-n
110
j-d
100%\
12
105%
{Reported In receivership.
above—"cod," certificates of deposit; "cons," consolidated; "cum," cumula¬
Abbreviations used
111
96%
tive; "conv," convertible;
1013/4
107
72
99% 100%
108%
n Under-the-rule sale,
sales being transacted during current week.
*.■'•** »-
119
101%
5
111
110
j-j
105
117%
1033/4 104%
f-a
106%
104%
120
$119
j-j
no
e Odd-lot sale,
d Ex-Interest,
value,
a Deferred delivery sale,
x Ex-divldend.
sale,
Cash
r
•
St Light 5s
6%s
Government
ARussian
•No par
(Hugo) Industries—
7-4s 2nd stamped
28%
\ 18
30
$25
J-J
_1946
■
;V •'
; 2
'
22
46
.1947
6 Vis
Janeiro
de
A Rio
44%
21
17
J:.-'
m-n
1947
7s
(State)
79%
193/4
.
34%
$27%
Mortgage Bank of
AParana
82
60
;5'
$39%
Bank of Chile 6s.l—
Denmark 5s
A Mortgage
26
62
19
$17%
m-s
m-n
(issue of Oct. 1927)
A7s
16%
5 ' ;
•
20
1958
Mortgage Bank of Bogota—
A7s (issue of May 1927)
>
'
97%
■
6
23%
79
•
a-0
Dec 1
Service
23%
23%
m-n
.1952
7s_
7s
57
55
$57
j-d
,
High
51%
■—.
6Vis stampod_1958
(Peru)
City
AMaranho
AMedellin
1948
Standard
Electric
j-j
Low
No.
54
$57
.1953
5s i—^
Danzig Port St Waterways—
A External 6%s stamped
72%
2
84%
84%
a-o
Range Since
January 1
Sold
High
'
1033/4
$1043/4 105%
Low
.1955
5%s
Danish
Bonds
Friday's
or
'
,
6s
19
107% 108%
—
f-a
.1989
107%
105% 106
105%
j-j
.1970
105
105
$106
Last
Sale Price Bid & Asked
•:/■/
Agricultural Mortgage Bank (Col)—
A 20-year
7s
April 1946
A 20-year 7s
Jan 1947
Bogota (see Mortgage Bank of)
ACauca Valley 7s
1948
1053/4
a-0
MM.
,
81
a-0
.2022
Spalding (A G) deb 5s
Standard Gas & Electric—
6s
(stamped)
Conv 6s stamped
Debenture;,6s
v
93%
Week's Range
Friday
Interest
Exchange
Curb
Period
73%/
92%
York
New
86%
9
81
81
$91
a-0
.1951
L 8s
&
8
145
BONDS
.1971
Rys 4s
Southwestern Gas & Elec 3 Vis
P
105
143
J-D
m-s
Southwestern
Foreign Governments & Municipalities
109
108 %
145
A-0
mtge 3s
Indiana
106%
104
A-0
.1965
Edison 3s
.1970
Gas 3 Vis
Southern Counties Gas (Calif)—
Southern
6
108
108
m-n
California
Texas
m-n
1954
AStamped
•7
103
6s
6s
$108% 108%
J-D
California
Texas Powei
F-A
2022
debs
Penn
Western
117
103
■'
1952
& Elec 4s
Penn
West
108%
109 J/4
A-0
63
103% 105
103%
(Maine)—
A
series
6s
income
Ry
West
108
109
Southern
Debenture
A-O
Wash Water Power 3%s
109%
107
Southern
1st
A 5s
Wash
107%
105%
$106% 107
$107
.1957
Scullin Steel inc mtge 3s
v
102
103
$106 % 108
A-O
5%s_1952
553/4
104%
F- a
.1947
Joaquin Lt & Pwr 6s 5
ASchulte Real Estate 6s
San
South
1959
(Delaware)
Waldorf-Astoria Hotel—
105%
40
5
10
55
54%
J-D
1952
1979
1952
1951
1951
1967
1970
Harbor Water 4 Vis
Sheridan
High
111 V 8
Jersey— ;>
A
series
4Vis
/
105 Va 105%
54%
J-J
perpetual certificates
Queens Borough Gas St Electric—
1st
103%
12
104 >/4 105
104%
m-n
6%
Safe
6
1964
1949
mtge 3Vis
Sinking fund deb 4s
Service of New
Public
5Vis
Low
110%
1
110% 110%
—
January 1
No.
Co of Colorado—
Public Service
1st
High
Co—
A
series
Debenture
1043%
102%
1959
4Vis B
3-D
1949
4s
Range Since
Sold
Utah Power & Light Co--
$103% 104%
m-n
6s
95%
1956
1961
P
(Can)
Corp
1053/4
A
82
23
1950
E
5s
Edison
series
J
United Light & Railways
'•
1972
1962
extended—
stamped
5s
Potomac
n
87 3/4
85 »/2
.
3
$102% 103
J-J
Pennsylvania Water & Power 3V4S_1964
3%s
1970
Philadelphia Elec Power 5Vis
Philadelphia Rapid Transit 6s
Portland Gas & Coke Co—
Lt & Rys
109%
102%
'• 0
f
.
F- a
1955
1964
1977
1979
5s
1st mtge 3s
4 Vis
Park Lexington
N
Bonds
110
1971
Ogden Gas 1st 5s
Ohio Power 1st mtge 3%s
Public
107%
J-J
•>•'.,-J'-y:
redeemed)
5%s series A (8%
1st
United
111
1948
J-J
North Continental Utility Corp—
Ohio
108%
104%
102 ;
108% 108%
$103% 106
Electric
Light
& Power
1st lien & cons 5%s
105
m-n
Friday's
Low
United
100%
$100
v
or
High
1964
2004
Westchester Lte 4s
St
Last
Sale Price Bid & Asked
Period
United
Elec & Gas 3%s
N Y State
Low
Week's Range
Friday
Interest
Exchange
Curb
January 1
No.
High
York
New
Range Since
Sold
Service—
Public
Orleans
28
BONDS
Bonds
Friday's
or
Sale Price Bid & Asked
Low
New
JULY
ENDING
Week's Range
Friday
BONDS
York
New
WEEK
FOR
457
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4303--
.Volume 160
"w 1,"
"M," mortgage; "n-v," non-voting stock; "v t c," voting trust
certificates}
warrants.
when Issued; "w w," with warrants; "x w," without
OTHER STOCK EXCHANGES
FOR
RANGE
WEEK
JULY 21
ENDING
Week's
Friday
Last
Sale Price
8 T O C K 8
16%
1,070
1.55
1.60
369
•
-100
116%
preferred B
of Amer
7
10%
2,420
67%
100
30
115
Jan
Mar
116% July
Jan
150
25
136
July
45%
13
43
Jan
46%
301
10
Jan
11
130
27
Feb
136
10%
10%
25
100
28%
29
Jun
Mar
preferred
Mass Street
6%
preferred
Mt
pfd vtc
Vernon-Woodbury Mills pfd
Commercial
Seaboard
90
90
:
20
90
10
12%
37%
38
1975
—1975
___1975
63%
71
12%
50
common;
U 8 Fidelity & Guar-.—
250
81
90
Jab
5s
series
A
5s
series
B
.
70
>-
—
3,000
500
102
66%
4%-1951
Maryland & Pennsylvania RR
$43,500
70
102
.
July
41
Jan
66% *
2,000
Jan
Jan
70
July
100% Mar
102
Jan
36% July
4%
Jun
6% Mar
100% 100%
5
92
Jan
70%
76%
355
54
8%
66 %
66% July
July
Last
Sale Price
"
Par
American Sugar Refining
Tel
100
Low
100
American
St Tel
42%
163%
•
Woolen
American
162
7%
50
Anaconda Copper
Shares
283/4
Jun
32%
8%
Jan
13% Mar
Filene's
"
•
*
*
(Wm) Sons Co
Stores
National
First
General Electric
Co
43% July
39% July
38%
1.738
11%
12%
435
7%
Jan
100
5%
Apr
140
1
B
Class
Mach Co
Hole
Button
Int'l
Royale Copper
—:
Copper
High
45
Feb
163%
2,199
155%
Jan
8%
75
7%
Linotype
Mergenthaler
6Va
6%
50c
Jun
75c
11%
50
10
Jan
12
13/4
530
1
Jan
31%
15
*
65c
1%
"1%
32%
520
25
5
34
Jan
6
370
23%
Jan
36% Mar
64
5
30%
54
Jan
47%
Jan
58
10%
100
14%
15%
371
7c
500
5c
!%
1%
100
1
365
1033/4
&
Jun
164% July
Apr
9% Mar
502
24%
Feb
28
1634
163%
110% 11134
240
113/4
Jan
16% July
501
96%
Jan
100
25
100
*
Albany RR
St
Boston
Boston
Edison
Boston
Elevated Ry
35%
36%
998
32%
Jan
36% July
68
69
630
66%
Jun
100
5%
class
8%
class B
1st
A
pfd stamped
1st pfd—..
100
100
-
Boston
stamped——100
class D 1st pfd stamped
100
Personal Prop Trust
*
Boston
&
7%. class
19%
C
1st pfd
490
Sl9
Jan
446
26
Jan
42% July
23
24
42
40 %
42%
7%
7%
440
6%
6%
7
Providence
100
RR
7%
7%
8V4
"*
July
4
Jan
8 % Mar
3%
Jan
Jan
8%
37
8%
5
5
Jan
Cities
Conn
&
5
Hecla
143/4
80
30
30%
108
Copper
Passumpsic
Range
For
6%
14%
1C
Service
&
River
12
RR
Rutland
Co
footnotes
„
see
page
6%--.V
15%
j
•
73
213
463.
*
6%
Mar
Jan
25%
Jan
40% Jun
25% Jan
31% July
37%
90
29 Vi
30%
1.067
1%
317
1%
1%
200
—
Jun
46c
Jan
1%
--100
pfd*
Jan
July
86c
Feb
% Mar
105
2%
Jun
Jun
1% July
Stone &
Torrington
Feb
6%
6%'
—
33%
Co
Union
Drug
Drill
Twist
Inc
United Fruit Co
United
6%
Shoe Machinery common
preferred
Jan
15
Apr
11% July
5
5
•
25
25
13%
13%
1.605
12%
9%
10%
163
7%
33%
33%
510
32
27%
13%
Assn.
Webster Inc
28
125
23%
Apr
12%
-
May
May
13% Feb
S
10
Rubber
14-3/4 July
Jan
6-
U
Waldorf System
Warren
Feb
(S D)
7%
Mar
283/s July
153/8
84%
153/b
10
Feb
173/a July
83%
85%
123
75%
Jan
88% July
525
69%
Jan
78
July
40% July
45
July
40 3/8
Feb
533/a
35
10%
Jan
12% July
750
20%
Jan
155
91%
Feb
107%
$3,000
103%
Jan
104% May
74%
76%
44
74%
.
—
45
50 3/8
513/4
113/4
90
*
28
100% 101%
50
...
11%
27
•
Inc.
Co
Westinghouse Electric & Mfg
36
July
320
-
-
28
Jun
July
Jun
Feb
17% Mar
BONDS—
5
104% 104%
100
7%
2
98
36%
25
Co
Mining
Quincy
15c
109%
30c
29%
50
RR
42 %
Apr
28%
RR—
Preferred
•
9% July
"
Calumet
-
Apr
15
1.080
37c
101
37%
Pennsylvania
73/a Mar
120
7%
14
30
34c
101
Feb
July
24
24
6%
104% 107
74% Mar
26%
Maine RR—
St
prior preferred
7%
69%
—
Mills
Pacific
United
Boston Herald Traveler Corp
Boston
111%
35%
100
(NH)
f
f
10% July
17% July
May
1153/4 May
25%
•
Inc
Son
37C
2.50
MInine
RR
105
-100
England Tel & Tel
Butte
7%
—*
Feb
Jun
Feb
11%
7c
Cos
Jun
Jan
7
10%
8
1
& Mines
Feb
Jun
Jun
3%
1
Service
2y4
10
54
—
200
y
30
30%
100
*
preferred
5%
Shawmut
Bird
Jun
6% July
65c
100
Maine Central RR common
Northern
29
13%
11%
Range since January 1
Low
8
42%
Jun
Jun
Jan
33% May
143/4
42%
37%
12%
15
13
35%
15
143/4
41%
•
———*
10
Hathaway Bakeries class A
New
High
Jan
20
North
for Week
Range
Apr
195
National Tunnel
Sales
of Prices
Mar
12%
12 3/s
National
Boston Stock Exchange
STOCKS—
Feb
77
!
30%
Nasb-Kelvinator
Week's
Jan
11%
44/;
V
Narragansett Racing Assn Inc
Friday
105
Jan
10
103/4
Jan
59%
32%
500
30%
64% July
51
25
5%
1
•
common
Association
Group
Kennecott
64
39%
•
Inc
Lines
SS
Employers
Isle
4s
69
Engineers Public Service
Eastern
12 V* July
Jun
Bonds—
Baltimore Transit Co
Jan
30 % May
9% Mar
35
56%
103/4
Gillette Safety Razor
Houston Oil of Texas 6%
•
5
;
76%
100
B.
i-—'/•
—
:
Mar
100
663/4
39%
39%
100
100
Ry com
1st pfd series A
6%
Jun
July
69
57% July
6%
Eastern
Jan
2.15
11
Apr
9%
5
A common
18
Apr
1.00 May
67%
45%
10
14%
High
116% 116%
136
20
& Deposit Co_.—
Fidelity & Guarantee Fire Corp
Fidelity
Co
Low
15%
Preferred v t c
Range since January 1
High
Low
High
66
-100
100
prior preferred
4%%
Low
Range sinee January 1
Shares
Fuel Associates—
Eastern Gas &
High
1.55
10%
67%
•
100
Consol Gas E L & Power com
Finance
bares
of Prices
—.—15%
Arundel Corporation
Bait Transit Co common v t c
4%%
Par
for Week
Range
for Week
of Prices
Sale Price
Sales
Week's
Low
Par
Last
Sales
Range
Friday
STOCKS—
Baltimore Stock Exchange
-.
1.055
98
5%
Jan
Jan
Jun
Eastern
6 % May
4 % s'
109
Mass Street
series
A
Ry—
1
i
1946
—
104
104
THE COMMERCIAL & FINANCIAL CHRONICLE
458
Monday, July 31, 1944
OTHER STOCK EXCHANGES
FOR
RANGE
WEEK
ENDING
JULY
28
Friday
Chicago Stock Exchange
Friday
Week's
Ranee
for Week
Sale Price
STOCKS—
Low
par
(J D) Mfg common
Advanced Aluminum Castings
5
Bearing common
Allis Chalmers Mfg Co__—
Tel
Amer
Armour
Co
Asbestos
Washer
200
38
ft
250
33ft
Apr
156ft
Jan
6ft
1,550
yy
common
1%
950
4%
Jan
2%
550
1ft
Feb
3
4ft
4%
15 ft
16 ft
200
•
10%
11%
Corp
500
5
38%
39 ft
600
1
1
10 ft
10 ft
1,050
common
Binks Mfg Co
capital
Laughlin Inc common
Bliss &
■
3
Berghoff Brewing Corp
—
5,; ;v
—
iy: 7
50
7
(E J)
Sons
&
Peabody
cap
j
.
5ft July
July
12% July
8ft Jan
33% Jan
41ft
5
Jan
19
100
16ft
Jan
20%
39%
600
34%
Jan
'22ft
23
150
18%
Jan
24
Sears
Jun
Fence & Wire
class A pfd
*
Bruce
Co
(E
Bros
Bunte
L)
5
common
Ring
common
convertible preferred
30
Brothers
Butler
5r/o
10
capita]
Co
&
Spiegel Inc
12% July
29% July
lift
lift
12 ft
1,950
9
Jan
29 ft
29 ft
100
28
Jan
Jun
Bend
South
•
Lathe
Colorado
Works
capital
111
Secur
Prior
preferred
Chain
lien
20% July
Standard
88%
99
Sterling Brewers Inc
13
U
117
*
Power
.116'A
62
~8ft
Light pfd—*
common
Co
&
*
Cherry Burrell Corp
15 ft
1
6ft
1
—
5
common
Consolidated Biscuit ccmmon
fe
Container Corp of Amer
Co
Common
30
Dodge Mfg Corp common
•
1
class A
Eddy Paper Corp (The)
Electric Household
Watch
Four-Wheel
&
Dk
|
Motors
Corp
common
common
Gillette Safety Razor
common
Goodyear Tire & Rubber
Gossard Co
Dr
&
Dk
Hall
Printing Co common
Harnischfeger Corp common
Inc
(Geo)
Houdaille-Hershey
Hupp Motors
25
650
22% May
24
50
Illinois Brick Co
~~
B
Power
B)
$7
&
45%
13%
100
10ft -.Jan*
14 ft
Jan
82ft Jan
31
July
57%
59%
2,650
63 ft July
»
58%
1
7%
•
29
common..50
101
1,150
10
25
Jan
30
8
Jan
100
29%
Jan
TOO
18ft
Jan
36
17
10 ft
Apr
10%
Jan
39
Feb
30
2,150
46%
100
*
July
July
27% July
30
49 ft
Jan
Mach
Corp
Feb
300
lift
Apr
450
2%
Jan
8ft
Jan
13 ft
13 ft
5
11%
500
7ft
10 ft
10 ft
1-;15Q
7
7
69 ft
8
*
common
62%
1,300
51%
Feb
12 ft
500
4%
Jan
12 ft
600
8
40
41
1,300
•
Copper Mining
11
,
38 ft
Jan
Feb
13
49%
Jan
19ft
Jan
15
69 ft
100
8%
300
15% Apr
19ft July
8ft
Apr
11
9ft
Jan
12%
Martin
Iron Corp common(Glenn L) Co common..
New York
12 ft
600
24%
Jan
28
69 ft
250
56 ft
Jan
62%
500
56%
Jan
5 ft
5%
Pullman
15
common
rnmU
Brands
Studebaker Corp
Co
9ft
50
7--
50
16 ft
8
Jan
July
10
Jun
'
-
'
15%
1,500
21
4,550
15%
Jan
17 ft July
21% July
700
23 ft
Feb
29
100 V.
37%
Jan
51ft July
16 ft
600
15 ft
Feb
18
Mar
12
July
10
10%
3,000
8% Apr
18%
19%
1,600
30%
31ft
150
16
Apr
28% Mar
55%
56%
18ft
—
ttocC
50
51
May
5
Participating preferred
Champion Paper & Fibre
Churngold
•
—
Cincinnati
Crank
Ball
Low
33
7
:__*
*
7
Jan
17ft
Jun
1 ft
Jan
4 ft
Jun
May
O &
P
T
—
17%
600
10ft
Jan
7ft July
19% July
21ft
50
19ft
Jan
23ft
18
6
110
4
Feb
6
26%
75
22%
86
10
75
2ft
Feb
3% Mar
70
100%
Jan
107% July
105 ft 105 ft
Jan
108 ft May
Jan
122
13%
1,200
6 ft
Prod
Middle
10 ft
10 ft
Jan
18ft
Jun
Jun
8ft Mar
20%
21%
Crosley Corp
12%
3
Procter & Gamble.
Jun
Randall
1%
Jan
4
100
3ft
Feb
8%
6ft
100
4ft
Jun
8
U.
50
15ft
Jan
class
5%
100
20 ft
100
300
37%
40
340
16 ft
7ft
10%
17
650
7%
11
200
2,000
Apr
>22
S
American
Columbia
5V2 Mar
17% July
7ft July
9%
Standard
lift July
Timken
Feb
July
35
Jan
37
ft Mar
40
30
May
35
29
Jan
40
Jun
42
170
39
Mar
45
July
12%
150
10%
Feb
13 ft July
36%
424
31%
Jan
36 ft July
60
*
2ft Apr
preferred
A—II
Tfa
A
800
22
21%
22 ft
1,050
13 ft
13
13 ft
1,100
ft
23 ft
25
20
3%
10
*
46%
46%
12
40
40 ft
46%
May
July
Feb
25
Jun
4
Mar
10
8ft
34
Jan
Jan
40%
22
12
45
July
59
3%
135
330
20
3
25
Apr
22
322
Jan
52%
70
57 Va
__
100
100
6%
preferred
A
13
750
5ft Mar
100
7%
preferred
A_
100
13 ft
%
Miller & Hart Inc—
Common
%
100
ft
%
%
1,500
A
ft
City Ice
General
..25
15
4%
Jan
I
2%
-10
11
Minneapolis Brewing Co common
.—1
•
Montgomery Ward & Co. commoncommon
...
463.
47%
1
—5
page
10 ft
—
*
2%
11
9ft
2%
1,850
Jan
22 V8
15
;—
10
Motors
13 ft July
41
July
—
.
*
Bearing—
r
.
12
220
•
15
July
Jan
17 ft
Jan
3%
452
Jun
24% July
,J5ft Mar
60%
(
30 Va
51ft
4%.
62 ft
51%
Jan
66
30%
31
23
28%
Jan
51ft
80
43%
Apr
33% July
51% July
492
Cleveland Stock Exchange
Jun
% July
% May
Jan
3ft
500
9 ft. Jan
10 ft
11 ft
Jun
400
7%
10 ft
July
48%
Jun
Jan
46%
47%
550
41%
Apr
12%
250
11%
Feb
40 ft
40 ft
100
33%
July
July
July
11
12%
46% July
Jan
50%
61%
•
Brands
Roller
Jun
15
Jan
•iV May
1%
Apr
Apr
35
113
21 Va
4ft
Fuel
Gas
133
15 ft
20%
Rolling Mill
&
Friday
Last
Sale Price
STOCKS—
preferred
22 ft
39BB
18% May
5% Mar
13 ft
•
Midland Utll 6% prior lien
7 %
prior lien
I"
Jan
21
12
3
3
*
'
Apr
Unlisted—
July
Jan
14
■'*
50
Card
Printing
July
13%
25% July
Apr
180
3%
Playing
S.
40
•
Jan
Apr
25
A_.
Preferred
26
22%
36
20
21% July
Apr
Jan
U
17 Va
10%
55%
B
21ft May
5% July
4ft May
18%
Jun
Class
.
31
23
56
Rapid
5,200
6% July
8ft July
11
35%
26
—*
Lunkenheimer
250
Jan
120
37 Va
41
A—
Kahn
6ft
July
8V4
12
class
Kroger
3%
Mar
80
120
12%
35
July
9
Jan
72
48
30 ft
30 ft
Gibson Art
July
6%
7% Jan
386
8ft
37 ft
Formica Insulation
16ft July
26
10%
20%
10
Eagle-Picner
Early & Daniel-
51
21
118%
320
Jan
20 ft
..
—0
*
Jan
26
--
1
common
Union
10ft
5%
—
16%
capital
Cincinnati
47ft
40
Midland United Co—
i
Common
July
8ft July
10 ft Feb
78
50
—
Mickelberry's Food
18
99
2
120
120
120
8ft
20
6ft
McCord Rad Sc Mfg class A
Marshall Field common
May
5% May
7ft Jan
Jun
July
13% Mar
May
35
2%
77 Va
Yards
Apr
29 ft
Apr
Jun
Mar
107 ft
2%
106
107
20.
50
Stocks
34 ft
Feb
Telephone
16
8
July
July
High
Feb
10
4ft
4%
50
51 ;
20 ft
*
16
50
*
*
common
Mar
4
Low
4
11
26%
It
100
Preferred
3%
8ft
58 ft
Range since January 1
25 ft
80
Cincinnati Street
6ft
1
53 ft
fevV
High
33%
4ft
4%
.—5
13%
N
16
—
20 Va July
Feb
Sales
Shares
;
—26
*
——
51
3%
11*
Apr
for Week
of Prices
Par
American Laundry Machine
American Products prior pfd
Leonard
i
Feb
14
v;-■
Exchange
Range
Sale Price
8TOCKS-
400
'
}
52%
550
.
21% July
32% July
40 ft
450
-
Week's
Last
350
7%
Jun
47%
15%
Friday
C
17
Apr
y 47%
55%
Cincinnati Gas & Electric preferred.100
-.6%
lift
17 ft
25
14% July
17
20 V2 May
27ft
Cincinnati Stock
Hobart
6%
39% July
10 ft July
Jan
'r
.10
40
17%
jJfe
Jan
fe
-
...1
common
common
Feb
17
*
■
19%
common
Standard Oil of N J—
U S Rubber
x
Apr
19 ft
10%
Republic Steel Corp common
Feb
30
66% July
6ft Jan
4% Jun
35
30%
Radio Corp of America common
34%
500
July
71% July
26 ft
-fe
(The)
i-
18%
15
ft
19%
Inc
Pure Oil Co
250
800
9ft
1
12 ft
1,100
9
18%
I—
50
8
July
Feb
26
373/?' 38 ft T
—5
Corp
Central RR capital
Paramount Pictures Inc
100
7ft
July
lift
——
37
8
44
Feb
.
July
-8% July
60%
61%
-..1
14
7ft
7ft July
69 ft
Feb
-5ft
34
lift July
Jan
Apr
11
.jr
Co
Interlake
Jun
21ft
--
4ft
62
67%
67%
..I
Electric
Mar
21ft July
50
1,150
Jun
July
5ft July
1
General
July
July
13% July
300
7%
14
25%
50
66
12 ft
:;:7ft
7ft
,
1,100
13
10 ft
.
8% July
29% July
105%
Unlisted Stocks-
4% July
3ft
91ft
5
capital
43% July
17
100
July
Jan
Jun
50
Apr
July
44ft
3ft
3
»
see
Jan
13 ft
40ft
9ft
Jan
26 ft
*
'
37
•
1
Lion Oil Refg Co
capital
Carbonic common
For footnotes
12ft
102
300
15%
1
preferred
Cylinder Gas
Radio
Standard
100
9ft
Liquid
prior
July
4%
250
Apr
3%
300
101
4%
2
common
(Wm Jr) Co capital
14
■
»■**
;_*
common
Lindsay Light & Chemical
Convertible
29 ft
May
11%
3
#
Com
July
43%
18%
13 ft
50%
1,150
-8
29 ft
Jun
Bankshares—
Cu.rtiss-Wrlght
Mar
July
36 ft July
100
7ft
•
common
Atch Topeka & Santa Fe Ry com—100
Bethlehem Steel Corp common
July
13 ft
27
*
common
Industries
Anaconda
6% Mar
1,200
Lamp—
cum
Jan
10 ft
11%
common..*
common
preferred..
common
West
Inc
Oil-O-Matic
Nash-Kelvinator
18 ft
y
•
preferred
National
36 ft July
Apr
23%
American Radiator & St San com
July
6ft
150
100
Llbby McNeill & Libby common.
Lincoln Printing Co common
$1
Jun
77
400
.
Jun
750
10
LaSalle Ext Univ common
Co
20
Ap*v>
1,000
—
$3 ft
33%
250
30%
Cincinnati
A
Kentucky Util Jr
Jan
Jan
46ft
1
Co capital
Tube
Common
&
460
80 ft
Zenith
Jun
15ft
14 ft
*
*
common
Kellogg Switchboard
Leath
36 ft
Wrigley
Mar
20ft
5%
Jan
29%
*
capital
Common
27% July
24% July
36%
20%
*
capital
Indiana Steel Products
(W
A
(new)
Indep Pneumatic Tool v t c
Indianapolis Power & Light
Interstate
27%
102
50
13%
■
Jun
79%
Woodall
Jun
100
42 ft
20
-.IT*
class
Illinois Central RR
19
46ft
Feb
•
26% July
Feb
Jan
14
i
common
common
Feb
19
93%
20
10
common
Co
20
31
common
common
Wieboldt Stores
5ft July
12
46 y2
2,550
30 ft
Utah Radio Products common
Jun
61
10
Heileman Brew Co G cap
Hein Werner Motor Parts
&
400
26
»
com
ft Feb
31%
35%
Wisconsin
Jan
•
(H W) common
Lakes
Mar
18
Jan
30%'
Jun
lift
*
common
12
Jun
35%
98
4%
—*
Jan
13%
27 Va
*
78% Jan
18ft
50
61 ft
10%
200
29%
lift
5
Williams
570
200
*
100
14ft
29 ft
14
Jan
Jun
43%
10
Adv
lift
14
29%
5
12
62
Jan
lift
»
Jan
400
17% Mar
12
l
common
17% July
14%
Apr
250
46%
Jan
14%
Jan
270
27%
12 ft
14%
51ft
4ft
R)
(The)
55
28
102
28
10
—
capital
(J
Co
July
64% July
Jan
100
5
800
Walgreen Co common
Westinghouse Elec & Mfg
29 ft
Feb
12
lft
5% July
16 ft
2
Jun
13 ft
102
*—
5
3ft July
34%
United Air L Transp
U S Steel common
22ft July
105
Mar
24%
lift
5
common
common
Outdoor
Ken-Rad
25
99%
27
--
10
...
General
30%
36
common
Amer
General
Jarvis
Feb
Jan
24%
350.
34%
•
Brewing
General Foods
Hormel
14 ft
&
Drive Auto
common
Horders
5ft
36
Jan
208 So. La Salle Street Corp
Union Carbide & Carbon capital
Jan
250
13 ft
*
Connell
Transp
General Finance Corp
Great
50ft
Jun
82
Trane
July
15ft July
6ft July
4ft May
44ft
Corp
Thompson
Jan
5,750
34
3%
32% Mar
14%
250
15 ft
29
common
(Peter)
General
92 ft
36
100
13% Mar
30
27
34
950
5%
Jan
20
15
7,400
33 ft
5ft
11%
700
...1
Co
common
3ft
32%
V
5%
100
60
12
33
12 ft
63 ft
29
Jan
12 ft
100
13 ft
19% May
Jan
25
26%
29
43
Jan
2
49%
275
*
Corp
Metallurgical
Simons
Dredge Co
New
22 ft
105
5
*
Util
Apr
16
33ft
Jan'
13%
'yfe
_
27 ft
150
Feb
24
—
Industries Inc
Inc
capital
30
18
2%
14%
capital—.25
1
common
35
18
common
Corp
34 ft
"3 :.i
Jan
12ft
6%
.«•«*< r
Domestic
National
Indiana
Jun
45%
150
ft
35
Feb
1%
28
400
42
12ft July
300
8,900
19
24
Feb
400
6%
*
r
July
1ft Mar
6
48 ft
15 ft
..1
Deere & Co common
20
250
31ft
49%
Dayton Rubber Mfg common
20%
48
23%
--■fe
July
15 ft July
1,500
30 ft
20
2 Va
17
Jan
150
14 ft
15
Jun
Cunningham Drug Stores
Feb
10%
16%
14 ft
25
99
— -
Apr
13
16 ft
Texas
24%
99
38
Swift International capital
17%
25 ft
25
pfd—100
cum
Jan
July
200
30%
common,....20
common
Cudahy Packing Co 7%
Eversharp
of
Yates-American
50
34 ft
July
Co—
Vtc pfd part shares—
Jun
110
36
5% July
65
19%
5ft
Jun
97%
Jan
117
10ft
15
15
Feb
Jun
Jan
91ft
Co
Jan
3%
Jan
111
7ft
26
&
11
85
58ft
20
60
27
Edison
Swift
450
450
350
230
26%
10
Fox
% July
30
22 ft
*
cap
25
Fit's
13ft July
8ft
103
26%
....
com
Oil
Feb
5%
5
Storkline Fur Corp common
Sundstrand Machine Tool common
Jun
Jan
ft Mar
6ft
*05
Commonwealth
Fansteel
n,il
65
15 y2
22 y2
*
5
Chrysler Corp common
Cities Service Co common
Elgin
Jan
9ft
48 ft
Preferred
Chicago Towel Co
Crane
ft
750
1,750
61 ft
common
Consumers
950
.
8ft
_•
Chicago Electric Mfg class A pfd
Chicago Flexible Shaft common
Chicago & North Western Ry—
13'
19 y4
5
common
Chicago Corp common..
Convertible preferred
.
%
*
States
for
13
*
preferred
Belt
Vtc
16% Mar
50c
Preferred
Central
100
July
10ft July
25 ft July
14%
-
1
230
Apr
95% •
5%
30
19
1
Common
Convertible
Jan
150
1,700
Stewart-Warner
Central 8 W Utii common
21 ft
1%
98
Corp—
250
12ft
19
July
25
82
155
Jan
1%
96 ft
4% July
71 Va Mar
6%
10 Va
19
4% May
Jan
2
96'/2
Apr
Jan
Power class A com...*
common
31ft July
63 ft Mar
14
St Louis National Stockyards capital..*
Standard Dredge preferred
20'
Jan
94 ft July
2ft
100
160
20 ft
South
26% July
7ft Jun
4ft
Corp
i
Jan
'
650
V
■
Jan
56 ft
>
250
4%
July
Jan
3ft
79
26
36
27
20
34 ft July
190
82
9V8
30
Jan
22
CO
lift July
Jan
127
94 ft
Jan
150
550
May
10 ft
10%
5ft
Sinclair Oil
7
9
24
10
*
19% July
5
July
27
July
Jan
152 ft 152 ft
.1
Feb
26 ft
Mar
14 ft
1,150
61%
4%
24%
Feb
>
61
1.
common
common
30
81
*
Common
Central
61%
4~
3ft
7
34
Feb
£0
94 ft
29%
29%
—-100>:
Cummins
4
93
14%
..
Campbell Wyant & Cannon Fdy cap—.*
Central Illinois Pub Serv $6 pfd:
.•
4
.100
;
800
'
'
5
common
250
26 ft
26 ft
1
July
Jan
100
4ft
27
10
common..
Piston
ft Mar
•
125
200
19 ft
'
Burd
B
Co
Corp class B
Common
20
125
13 ft
20
10%
4%
!'yvfe;
126
July
Jan
22
100
33 ft
19%
19%
1
Common
125
-
27
Jan
20
14ft
125
-
16%
95
10%
Signode Steel Strap Co pfd
Feb
■
Brown
Coal
Roebuck
Serrick
32
14ft
Feb
19
"
preferred
Schwitzer
41% July
22 ft
39 Va"
31
High
20 ft Mar
17 ft Mar
70
33 ft
Hosiery Mills common
Sangamo Electric Co common
May
7ft July
300
125
6
Rollins
Jun
19%
18%
—10
common
Preferred
11
Jan
8
6ft
50
14 ft
.100
common
(The)
400
31
.
Pennsylvania RR capital
50
Peoples Gas Lt & Coke capital
100
Potter Co (The) common
1
Quaker Oats Co common
—__A—•.
17
May
19
•
Brach
14
2ft
pfd
Low
19%
24 ft
122'
100
Parker Pen Co.
July
39 Va
5
5
•
Corp common
Borg-Warner
3% Jan
1,150
10
Corp
19ft
Range Since January 1
High
18
100
common
Shoe
Shares
24 ft
•
common
lien pfd
pr
preferred
Omnibus
7ft July
2ft
Corp
Aviation
Bendix
Jan
1%
6%
1,200
6%
Util
19%
*
common
Oklahoma Gas & Elec 7%
6% July
2
Jun
2%
Co common
Radio
Belmont
1
7%
Inc
Bancorp
West
Nunn-Bush
July*
163
4ft Apr
6%
■
Mfg
-
Jun
3
:
Aviation Corp (Delaware)
Belden
100
163
6
Nor
15% July
40 ft July
12% Jan
163
~6
6%
Jan
15 ft'
Airlines
Northwest
Jan
1
—4
Mfg Co common
Athey Truss Wheel capital
Automatic
4%
400
1
14%
Feb
37%
6
common
6 Va
6
13 ft
100
Northwest
High
Low
14
15
"
100
capital
Tel Co
&
&
6ft
1
Ball
Aetna
Range since January 1
High
14
«
Adams
Shares
of Prices
LOW
20
common
for Week
of Prices
Par
North American Car
Sales
Range
Sale Price
Sales
Last
Week's
Last
STOCKS—
.
JanX
13% July
41
July
Akron
Brass
American
Mfg
Coach
50
&
Body
Apex Elec Mfg preferred
Brewing Corp of
City Ice & Fuel.
America
•
3
•
Range
Sales
for Week
Shares
Low
12
_
__
.
■/
12
50
1°
1-50
102
a50% a50%
a20ft a21
10
356
High
5ft Feb
256
102
102
Range since Jann&ry 1
High
6ft~~ b*a
5
100
Week'®
nf Prices
low
Par
Jun
.
"
Jau
—
40% Feb
14% Jan
6% July
12ft July
■
—
—
„
—
52
May
25Va July
Volume
459
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4303
160
OTHER STOCK EXCHANGES
WEEK
FOR
RANGE
JULY
ENDING
28
;
Week's
Sales
Range
Friday
for Week
Last
of Prices
Sale Price
STOCKS—
Par
Clark Controller
Cliffs
Corp
——-—1
..
111 $4.50 pfd
Cleveland Electric
Bookbinding
Manufacturing
Eaton
Tire
F)-
Goodyear .Tire
Greif
Rubber
&
Goodrich ' (B
Medusa
Jun
50
—
50
Apr
57
Feb
25%
Feb
54%
10
36%
Feb
50
Cement
43% May
50
July
59
43%
Jan
34%
75
31
Feb
34% July
187
20%
Jun
23
7
20%
Jan
Mar'
50
12%; 12%
-
V2I
5
18
20%
150
| 18%.
'? 20% '
20
;
1.106
5%
3%t
193
Corp
———i—i*
——*
±
Patterson-Sargent
•
_
50
46
Richman .Bros
17'
13%
Jun
Jun
6%
18%
21%
15% Mar
Baldwin Locomotive Works v t c
Jun
Asphalt
Barber
Mar
Wheel
220
12%
Jan
18% July
13 %
Jan
17%
Curtis
12%
12
95
784
.
13
11% May
32 Va
38
Jan
Jun
July
Pub
Prior
-—25
———
a43 % a43
—
5
Va
46 %
I
Inc
Products
*
43
32%
Jan
44%
Jun
Jan
19%
Jan
Jacobs
100
5%
Jan
White
2
2%
2%
*
50
13-J
Refining
Weinberger
Stores
Drug
200
2
Jan
100
8%
Jan
13
,—i
Tube
Motor
Sheet
Youngstown
&
13
Cleveland
29% July
Pennroad
a37% a37%
15
34r
Apr
42% July
&
com.—1
a435/a: a44%
75
37%
Apr
a45% a45%
15
38%
Feb
51
•
a37% a38%
142
35
Feb
39 %
—*
a22% a24%
50
18%
Jan
25
42% July
Bronze
General Electric common
Glidden
Co
common
Industrial Rayon common
Iron
Interlake
New
York
Steel
Republic
U
S
Steel
a9't
—*
common
*
common
preference
pfd
Apr
6%
Jan
10% July
15%
Jan
20% Mar
Scott
_
Wire
1
175
Philadelphia
Phiico
Apr
21% July
Sun
Apr
63% July
Tonopah
50%
United
Mining
Corp
15% July
Apr
47% July
51%
Feb
66
16%
issued
15%
15%
50
12
Jan
3%
3%
550
3
Feb
10%
9%
10%
341
8%
Jan
5%
6
110
4%
Jan
6%
6%
6%
450
5%
Apr
55/3
5%
5%
4,002
4%
29%
291/4
30%
2,525
165 Va
18
19%
20 V*
3.030
25%
25%
1,022
23 %
Jan
117% 117%
26
116%
Jan
165
•
•
—100
25
*
3
50
50
*
*
1
193/4
25%
•
II-
50
28%
Jun
34 y8
16%
50
15%
Apr
17 Va
34%
70
25 y8
Jan
36% July
17%
18%
148
16
Jan
20
30%
45
27%
42 y4
42%
52
38 Va
Jan
43
Feb
Jun
60 Vb
Jan
May
3
1V4
1.950
\l
1V4
1%
994
1%
•
1%
158
56%
56%
__
'
1
1%
1
34%
36%
1%
1%
12,423
14%
14%
186
14%
Jun
26
27
100
22%
1
Weex's
(AM)
Byers
^
i/VyV/ /1;
/•''
Electric
Allen
Ills
2:»x
•»
Walker Refractories
2
197
'3%
Jun
51/4 Mar
16%
16%
105
14%
Feb
16% July
WfS*
4
18%
15
1
...
1%
*
Burroughs Adding Machine.—-,.
Burry Biscuit common.
Chrysler Corp common
Consolidated
Paper
Continental
Motors
Cleveland
Detroit
&
Detroit
Edison
Detroit
Gray
.
common.—
Nav
...
Detroit-Michigan Stove common
Brewing
196
82%
Jan
200
14%
Feb
16%
798
4%
Jan
8 3/8
1,898
20%
2,403
18%
Jan
1%
3,000
75c
Jan
"3%
Gar
Industries common
Wood
Finance
Motors
General
Goebel
Grand
Valley
Lamp
Brewing
_
_
130
5%
3%
350
1,025
1
common.
Jan
Feb
1.701
2 3/4
Jan
Lock
Hurd
Mfg
_
Drug common
_
_
i^:
1
Michigan
Sugar
_*
common
Products
Park Chemical
Packard
Davis
Parke,
Parker-Wol
Peninsular
Rickel
Mtl
River Raisin
Standard
Tube
"B"
common
__
—
■.
■
Class
Walker
Class
Warner
B
&
Cooler
common
class
A
A
«
B
Aircraft
common
1
_
For
Ind
common
footnotes
78c
May
_
see
page
463.
33
Feb
2c
Jan
5%
5%
3%
Jan
2%
1,170
6%
Feb
121
Jun
6% July
10c
.
July
5% Mar
10%
Jun
10%
191
2%
850
80c
100
30% May
331/4
276
21%
28% July
33
33
25%
26%
<
21/4 July
Feb
Apr
Feb
36c
Jan
1 %
65c
1
May
9
Bank
Jan
Jan
24%
Jun
9
Jan
13%
Jun
859
238
3.875
650
200
4
6%
Apr
303/4
13%
3
Jan
3%
Jan
93/4
Apr
Griesedieck-Western
4% July
1% May
2% July
33/8
1.800
2%
Jan
33/4 July
4
3/4
600
23/4
Jan
6
.
3% Jan
2% Mar
12
53/4
Jan
Laclede
Jun
5%
693
Rice-Stix
July
St. Louis
Jan
300
4%
Jun
8%
100
53/4
Jan
8% July
13%
1.475
6%
Jan
13% July
4%
43/4
7.000
l3/4
Jan
Range since January 1
Shares
8%
269
3%
25
614
Jan
2% Mar
Jan
44
July
30
23 %
Feb
30
May
65
23
Feb
26
Jun
11%
Jan
13%
Jan
21% July
Jan
17
/
Feb
.33
9V4
Jan
29
29
29
25
25
25%
13%
150
21%
21%
100
17
17
80
12
33
33
135
28
12
12
125
33
1
39%
39%
8%
1
39%
8%
July
40
18
*
8 y2
3% July
12
44
13%
High.
Low
High
80
150
575
12
1
Jun
July
July
July
%
Jun
45c
Apr
35%
Jan
39% July
Apr
9% July
5
20
16
15%
16
140
Apr
17
July
18
18
18
25
16% May
19
10
common—*
July
21%
21%
30
16
Apr
21% July
common
16%
39%
16%
365
12% May
16% July
39%
85
32
Jan
44
Mar
55
11
Jan
16 y2
July
common—25
*
common
Pub Serv A common
39%
*
15
15%
1
10
10
8
13
i
9% May
10% July
4% July
32%
Dry Goods
for Week
1
Brewing com
common
Midwest Piping & Supply
Missouri Portland Cement
Candy
Sales
Range
of Prices
*
Steel common
National
Exchange
Week's
44
&
McQuay-Norris
3% July
12%
common
D common
5
Hydraulic Pressed Brick common—100
International Shoe common
*
Laclede-Christy Clay Prod com
5
Huttig S
Jun
200
150
504
Bottling
Pepper common—x
Falstaff Brewing common
2% July
3%
*
1
1
5
Dr
Jun
Feb
,
CEntral 7600
8%
3%
3
common
common
Columbia Brewing common
Jun
Jan
l3/8
Shoe
Coca-Cola
Jun
9
263/4
Missouri
Bell Teletype 8L
Low
1
Burkart Mfg common.:
July
Feb
3%
Equipt
Bldg
Brown
Juh
5
11,705
972
2%
3%
Par
Inv common
American
July
16
2% Mar
Sale Price
stocks—
Feb
240
12 Va
Last
3% July
Jan
1871
Phone
Friday
l3/4 July
Jan
1%
24c
1.661
-8
1%
4%
100
St. Louis Stock
9
July,
1%
5 ' *
8
-
-
120
.
700
1%
3.112
-Jan
33
Mar
6
Feb
8
July
98c
Jan
1%
30
Jun
4
4%
43/4
300
3%
Jan
5% July
2
Wayne Screw Products common.
Woodall
13%
-
.
4%
class
57c
8%
,
351
7c
4th St., St. Louis 2,
July
5%
3%
2%
5/
1
.
Co
4
2% Mar
4%
5
—
_
.i—.
J.
6
Chicago Board of Trade
Chicago Stock Exch.
1% July
32%
Specialties
Universal
16% July
Jan
50c
3%
.1
5%
Jun
1%
Jan
Jun
8% Feb
1%
3%
\
95
Associate Member Chicago Mercantile Exchange
New York Curb Exchange Associate
July
May
4
11%
3%
—
152
St. Louis Stock Exchange
Jun
166
30
12'/2
5%
3%
113
15% July
Momhftru
May
300
'
21
5%
IT*
a
Investment
9
1.500
100
4
3%
/
11%
-
200
12,150
1%
26c
1
2%
.1
1.200
77c
3%
3%
1
—.—
United
,
2%
1
common
*
Union
125
3'/2
1
1
Tivoli Brewery common
Udylite
3%
29%
12%
30
•
10
common
common
Pattern
173/4
1,700
1
Paper common
Mfg
Jan
1%
2
common
common
Scotten-Dillon
Simplicity
Pr
Jan
14%
sy4
*
—
19
150
19%
3%
3%
•
common
9
195
12%
-
*
common
common
(H W)
Sheller
Car
Jan
2A9q
8%-
;——1
Co common..
Motor
Apr
6
16
21/v
12 %
110
9%
«...
8% July
Jun
New York Stock Exchange
1% July
96c
16
1
10
Corp..
Murray
4
3%
1% Feb
21
3%
3%
'
*
common..
130
26c
26c
1
Micromatic Hone common
Motor
1,150
8%
1%
„
Die Casting common.—1—1
Michigan
1%
75(r*
77c
1
McClanahan Oil common
14,999
•
1V4
—.1
Masco Scfew Products cbmmon
2%
m
1
common
3%
16/
15%
_l
Products common.
Kingston
Kinsel
&
%
19%
*.
14
Established
300 North
653/4 July
14%
B
5%
100
Edward D. Jones & Co.
3% May
Jan
3%
m
V
a
class
Motor Car common
Jan
4%
52%
2%
10
Bearing common.
Houdaille-Hershey
Hudson
2%
200
m
;
5%
15
7c
111
—
9% July
1.211
7
3%
5
common.
Jan
m
62 3/s
'
•
15
St. Louis Listed and Unlisted Securities
7% July
4% July
6%.
"2%-
1
1%
Jan
6% July
8%
61
1
_
__
1
common
Steel
Alloys
12% July
3%
180
1,405
{f;.4
4Var
6% '
1
common
common
Ball &
Hoover
.
_
10
Brewing common
Graham-Paige
Hall
common.
Jan
11% July
6%
12%
3%
/
■
6%
1% July
7%~
8.%'
3
Jan
1
Springs.—
Glass
1
Westinghouse Air Brake
7% July
21
Jun
'
General
Jan
4%
6%'
1
..
50c
Jun
Jan
1%
200
1
#
Vanadium
402
1,911
July
9% July!
Jun
7%
9%
8%
Jan
105
Jan
Jun
7%
„
4%
20% July
Apr
101
July
903/4 July
16%
12
12%
m
common-
90%
Steel
States
United
8
Jan
15%
50
8%
*
4
33/8 Mar
1%
5
Frankenmuth
250
6%
1
Detroit Steel Corp common.
Federal Motor Truck common
Jan
295
3%
20%
20%
5
—
12%
14%
7%
7
20
Iron
2% July
15% Jun
16%
"7%
10
common
common
9% July
90%
10
1
-
Jan
1% Jun
3%
5
common
6%
140
14%
12 %c
.
200
667
•
Mining
Toy
Standard
1%
8%
2
1%
*
....
Shamrock Oil & Gas common
8%
-
8%
San
3%
100
9%
'",iv
Corp
2% Jun
1% Jan
105
13
v
i81/a
25
Pittsburgh Plate Glass
2
common
McLaren common
♦
10
Screw & Bolt
16
4%
9%
Radiator
Pitts
Jan
14%
105
—
—10
Supply
Fireproofing Corp
National
Range since January 1
Low
High
Jan
14%
18%
100
Fuel
High
7%
29Va July
liy4 July
9%
4
Brewing
Pitt
'
Apr
4%
'{X'
\:
•
Brewing
Low
9%
9%
common.
National
Sales
High
Jun
24%
325
27 %
"
common—
Gas & Electric
Mountain
for Week
Low
•'
Baldwin Rubber common
Brown,
Exchange
Shares
Jun
27%
Range since January 1
'
Range
Jan
15
,
% 1;
Shares
High
26%
•
Co..j
Koppers Co preferred
Lone Star Gas
of Prices
July
2%
Jun
for Week
of Prices
Low
*
Fort
Last
'
Sales
Range
Sale Price
Steel
Ludlum
Harbison
Sale Price
37
Feb
20
Jan
1% July
Apr
143/4
Jun
2
Jan
353/3
1%
Jun
Mar
1% July
> '
1% Mar
31%
Feb
30%
Jan
53%
*
—*
Duquesne
STOCKS—
Mar
29
Last
Allegheny
^
Week's
Jan
25% July
■30'/a
*
Friday
22
119
16%
29
13V2
Columbia
Detroit Stock
Jun
173/4
STOCKS—
DETROIT
Telephone: Randolph S530
168
.
.
.
Pittsburgh Stock Exchange
Blaw-Knox
.
161% May
18% May
Jun
31% July
.
33%'
v
Par
■
Jan
598
Coal
Chicago Stock Exchange
Ford Building
7% July
5%
Jan
26
Jan
10% May
IVa Mar
,
18%
Friday
/•
'
July
3% July
34%
25
*
_—
I
/
1,639
Apr
3s/a
New York Curb Associate
Detroit Stock Exchange
r
13 % May
39 Va
preferred
Corp
Watling, Lerchen & Co.
Members
52% July
380
common
Westmoreland
New York Stock Exchange
Mar,,
2,242
United
When
5
40%
15 y2
preferred
Gas Improvement
$3
■*%
common
Invest
Transit
:
-
:
Pow 8%
35%
16
78%
,
62%
52%
50
common
25
243
52%
15
1
•
50
preferred
Paper
Oil
July
.1.725
44 Va
Salt. Manufacturing
Insulated
Corporation
Reading Co common
2nd preferred"
35
a9
al9% al9%
al8% al9%
a47% a59 %
*
common
Jun
10
279
9%
50
50
a39% a39 V2
*
—*
common—
Central
98
91%
8%
60%
Corp
Phila Elec
Jun
July
July
Jan
90%
Jan
Jun
60%
Pennsylvania RR
Rubber common—10
Graphite &
Tire
Firestone
11
1
Feb
$1
91%
& Light
Power
20
4.4%
Apr
9%
26V*
15
Valley RR
50
Jun
7%
11
9%
22% July
Apr
•
Lehigh
45%
12% July
25
10 Ve
*
2%
■
Jan
Apr
42%
Co
Engine
Philadelphia Electric Co common
Unlisted—
10 %
Brothers
Aircraft
Penna
1,470
5%
18
21%
10
a26%;.a26%
*
25
,
433/4
Motors
National
268
24%
Jan
151/3
Lehigh Coal & Navigation
Jan
21%
24%
/V;
164 y8 July
156
*
8% July
July
600
0
13%
»
Storage Battery
Gimbel
15%
.
•
common.,
preferred
General
7%
7%.
•
Vlchek Tool
Warren
16-3
16 y2
July
510
a41%,a41%
*
Works
Iron
Dorn
44 %
16%
•
Thompson
Van
Jan
Co
Delaware Power & Light (wd)
July
""
5
Chrysler Corp
100
■
19% July
163%
162
*
*
Co
High
Jan
121
20%
153
10
(E G) Mfg Co common
Budd
Low
14%
18%
18%
13
—
Budd
Electric
Standard Oil of Ohio.
Corp
July
116 Va May
Feb
10%
110
13
18%
100
Tel & Tel
Range since January 1
Shares
-
High
Low
,
♦
American Stores
4% Mar
Jan
3%
of Prices
Par
Jun
for Week
Range
>
Sale Price
Feb
Jan
5%
17
LftSt
STOCKS—
Sales
Week's
Friday
July
17
r
37%,! 39
.
27 %
J 18%
18
•
17
5
Electric
Reliance
-
13
112:?112
,
—
100
3%
13
Refining, new
L
preferred 6%-——--.—^
Prior
Packer
0
.—*
11
Jan
American
'
National
publish it in next week's issue.
Philadelphia Stock Exchange
50% July
20%; 21%
34
'
•
;
We
Jun
85
*
Portland
was
publication.
Jun
48% ' 50
®
Metropolitan Paving Brick
for
time
Jun
40
to
Jan
19%
80
-
*
intend
Jun
a24% a24%
_
in
13 % July
50
65
'
a49y8 a49%"
50
—*
:
Sessions
&
41
*
;
Kelly Island Lime & Tr
Lamson
24
received
not
July
Angeles Stock Exchange
compilation for the current week
Jan
50%: 50%
A
Steamship
Jaeger Machine •
Jones & Laughlin
Leland Electric
50
a45% h45%
:
*
•
6
————100
Halle Bros preferred
Interlake
_i—t—* ;V
J.
19
;•} 17%
a22% a23%
The
85% July
13%! 13%
•
Jan
115%
a47%?a47%t
52 y2
\ 52%
Rubber
&
Cooperage class
Bros
Jan
11
1,171
17
17
__—25
Co
18%
22%
441
all3%'all3%
*
Controller
Electrical
General
•
50
20%
1 80%'
79
y
5
*
*
common
Commercial
20 V*
80
*
Los
Range Since January 1
Low
High
Lotoit High
Iron preferred—-—•
Cliffs
Cleveland
Shares
6%
6%
100
63/4 July
63/4 July
Sterling
Aluminum
common
Wagner Electric common
•
1
15
11%
11%
11%
5
Jan
12
July
34%
34
34%
66
31
Jan
35
Mar
$1,000
92
Jan
98
July
97%
Feb
99% July
60% May
66 % Apr
9%
BONDSSt Louis
St L Pub
Car 6s extended
Serv 1st mtge 5s
25-year conv inc
Steel 3s
Scullin
i
1945
—.1959
98
99%
99%
61%
1964
1951
98
99%
—
62
91%
91%
400
11.000
1,000
87
Apr
92
Jan
CANADIAN
Monday, July 31, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
460
LISTED MARKETS
Quotations for Friday July 28
Last
STOCKS—
Sales
Week's
Friday
Exchange
Toronto Stock
for Week
Range
Sale Price
of Prices
Range Since
Shares
January 1
■
Canadian Funds
Friday
Week's
Last
Range
Low
42%
39
9c
8¥2C
9C
4%
100
preferred
Oil Co
1
Ajax Oil 8c Gas
Copper
Gold
Arjon
Mines
_—
48c
v
5.75 May
17c
May
18¥2c Apr
83c
44,950
4.10
800
34c
July
8¥2C
Jan
58c
May
31¥2c July
July
Apr
3.20 Jan
51c
July
1.04 May
4.40
July
15c
16c
1,500
10c
July
23c
16c
16,660
12c
Apr
24c
May
10
146 ¥2 147 ¥2
1
Gold
Frobisher
*
A—
Gatlneau
5%
»
Power
common
July
May
236
16 ¥2 c
7,000
19c
10c
Jan
36c
Jan
2.28
179,494
2.20
24,644
30
30
35
23%
24
100
24
155
154
156
230
9.75
8.50
11.00
29,700
1.00
1.05
4,600
12
12
35
28C
36c
109,900
7 ¥4
7 ¥4
5
47%
47 ¥2
25
11c 12 ¥2 c
19,500
30c
1
7'/4
:
lie
1
—1
1.70 Mar
2.45
•
Jan
31
15
Feb
24
Apr
151
8.50
July
60c
May
9 ¥2 May
July
157
July
1.20 July
July
July
43 Vs
Jan
6¥2c Mar
213/4
Apr
23
2,045
23 ¥4
455
21
Mar
100
22
Jan
7
193/4 May
2 ¥2
2 ¥2
125
1.85 May
1.27
1.21
1.27
44,500
69c
Jan
80c
80c
82c
7,800
70c
Mar
6c
6c
500
__
*
6.00
5.90
6.20
4,525
•
7c
7c
7¥4c
16,000
305
Building Products Ltd—
•
18 ¥2
18%
ilv.l9vV
Bunker Hill Extension Mines
*
3%c
3%c
4c
2,000
Burlington Steel
*
11
300
——
Canada Bread
21c
Gold Belt
Golden
Canada Packers
Canada
Canada Wire & Cable class
Class B
-+
3,500
of
Canadian Breweries
Preferred
15 ¥2
Jan
3c
Jan
8¥2
Jun
1.70 Jun
18c
500
125
4 ¥2
May
25
57 ¥2
Jun
9
355
20
49
10
May
6Vi
103
43 ¥4
Jan
May
Jan
¥ 26c
33c
17,600
29¥2c29¥2c
500
__
4c
5c
6,600
2%c Jan
i2c
12c
14c
22,600
7¥2c Mar
32,500
l¥2c Jan
T—
1
1
.
__1
——
Conv
Canners
New
preferred
Celanese
Canadian
Canadian
Dredge & Dock
Halliwell
Gold
Rock
Class "B"
Mar
Harricana
July
Hedley
Wirebound
Mines.
243/4
Gold
Jun
Patricia
Gold
Mines
7 ¥2
5
48
48
20
7c
18 ¥20
5c
96
July
Jan
3
52% Mar
3%c Apr
6%c Feb
7¥2c July
70
3 ¥2 May
Jan
93/4
21
11
Jun
July
2.24 Mar
25c
Jan
July ?■
¥4 July
50
Jun
60
Jun
67
Jan
22
July
Apr
136
7%
530
43
130
Imperial
Varnish
Preferred
6%c
1,200
5¥4C Mar
9%c Mar
Jun
3c
13,000
2%c Jan
6¥2c Jun
15%
990
14 % May
16
5
—w
4c
15
■
5 ¥4
265
4%
9,700
10,000
4¥2c Feb
31c
34c
27,300
31c
65c
65c
700
38c
12¥2c
15c
5,200
9c
,?:v..y
83c
17
17
17 ¥4
175
15 ¥2
11%
10%
11%
890
10
3.15
3.15
3.20
3,525
3c
4V2c
12,800
40c
35c
40c
4,700
30
30%
520
20
74
163
14 ¥4
3.05
Jan
5% July
Jun
97c
1.29
9c
47c
Jun
Jan
68c
Apr
July
15c
Jun
July
17 ¥4
July
13
July
Jan
May
3.70 Mar
Jun
5c
May
42c
26% Mar
32
July
July
5
11
Mar
21
Jun
77
100
72
Jan
79 ¥2
Apr
164
17
160
July
14 ¥s
14 ¥2
2,610
12 3^
Apr
15 ¥4
12 ¥2
13 ¥4
465
10 ¥2
Jan
13 ¥2
7 ¥4
7 ¥4
300
Jun
7 ¥2
Feb
12 ¥2
12 ¥2
15
9%
Jan
12 ¥2
July
8 ¥»
83/4
25
6 ¥2
Jan
54 ¥2 c
3¥4C Apr
.
26c
90c
3,000
35c
35c
1,000
24
85c
24
24 ¥4
515
*
32%
32 ¥4
33
—•
22%
21%
22 ¥4
20c
20c
200
11c 11 %C
1,500
1
& Coke
common
_1
A
»
100
common—
Petroleum
International
12 ¥2
Utilities
7
105
1
B
105
i;
30c
>
Apr
169 ¥2 Mar
9
35c
75
99
May
1,975
28
Apr
4,135
193/4
Apr
20
July
Jun
May
25% July
J an
r
July
July
Jun
1.00
Feb
Mar
15
a
-
Jack
Waite
Mining
Jacola Mines
Jason
Co
1
11 ¥20
1
—.
Mines
105
July
35 ¥4 July
23
Jan
Jan
,
30
I Jun
24c
Ma$
4c
1
Mines—
5c
4¥»c
2,500
3c
Apr
6¥4C Jan
33c
35c
39c
16,610
23c
Jan
41c
Jun
1
6c
10,600
4¥2c Jun
7¥2c Jan
4c
5c
14,971
13/4c Jan
6 ¥2 c
10%
10
10 ¥2
3,690
1.01
1.06
9,250
3.30
2.85
3.40
36.600
2,14
Mines
5¥2c
1.85
2.19
31.400
18%
Gold
1
1.02
M Consolidated
Kerr-Addison Gold
5
40¥2
Jan
Jan
8% Mar
45
Mar
18
183/4
730
6.50
6.75
1,100
943/i,
943/4
10
10c
16
Mines
Lake
Labrador
1
Mining & Exploration.
Lake Dufault Mines Ltd..
Lake
Shore
Jan
14%
Jan
18
Apr
10 Vi
July
July
Lamaque
8
26 ¥2
445
Jan
28
Mar
Lapa
Jan
45
Jun
141% May
155
Mines,
Ltd
8.75 May
90c
1.51
July
11% July
Jan
1.20
July
May
3.50
Jun
80c
Jan
2.75 July
14%
Jan
20% July
5.70
Jun
July
42
495
152
5
19
170
19
5%
6 ¥4
8%
243A
35¥2
15
915
6¥b
:
5¥8
25
5 ¥4
Jan
20
Jan
6 ¥2
Jun
6 V8
.
60c
Mar
85c
Jun
Jun
July
July
Jun
77c
77c
77c
600
13
12%
13 ¥4
7,688
10 Vi
Jan
14
July
21
21
5
18 ¥2
Feb
21
Gold
*
Mines
—
—
Landed Banking &
Loan
Cadillac Gold Mines
Lebel
Little
Oro
3
Mines_^__s..———,
16
16
.
6.75 July
60
Jan
95
9,000
6V2C
Jan
15c
335
13 y2
Jan
16
1
3%c
3%c
4%c
8,000
1
1.35
1.33
1.38
10,250
•
Ltd
Long Lac Gold Mines Ltd.
Loblaw
9 ¥jc
9¥4c
Laura Secord Candy
Leitch Gold Mines.
y
■
1.17
1.17
1.23
2,900
2c
1.03
90c
1
Jan
Jun
-■■■:
6%c
Apr
July
Jan
Apr
1.45
Jan
1.35 July
July
26
263/4
374
21%
Feb
26%
26
243/4
26
35
22%
Jan
26
4.10
4.25
1,910
'3.40
Jan
_1
2.51
2.50
2.60
8.733
2.12
May
2.74
July
July
1
A
26%
2.03
2.00
2.05
11,358
1.60
Jan
2.20
Jun
1
class
*
*
Groceterias
3.65
3.65
3.75
11,180
3.35
Jan
4.25
Jun
2c
1 %c
2c
8,000
3c
Jan
¥4
7
7 ¥4
805
Jun
July
1.85
1,100
1.08
7,900
1.50 May
90c
Mar
1.90
Jan
1.15 Feb
Class "B"
Macassa
2.30
—
2.25
2.35
3,400
13 ¥2 c
16c
3,500
33/4
*
1
30
33/4
1.62
Jan
8¥2c Jan
3 ¥4 May
2.50
21c
434
Jun
May
Jun
4.10
Mines. Ltd
MacLeod-Cocicshutt Gold Mines—
Lake
Red
Gold
Malartic
Gold
_
Mines—
_
Fields
*
Manitoba & Eastern Mines
Maple Leaf Milling Co
Maralgo Mines
Mar
27c
1,500
Jan
48c
1.22
1.20
1.25
9,800
1.18
Jun
1.72
Cochenour
l
2.13
2.05
2.15
64,850
1.57
Jun
13 y4
13 ¥4
14
1,270
11 ¥2
Jan
14
July
1
28c
27C
32c
17,595
15¥2c
Jan
38c
July
9c
6,000
83/4
8%
9
853
20%
20
21
897
7%
8v2
4.50
1V2c Mar
5%
Apr
47/8c Apr
73/4 Feb
July
.
7 ¥2 July
lie
July
2,24 July
*
8%c
9c
Preferred
25c
Chesterville Larder Lake Gold Mines—1
7
*
Massey-Harris
Feb
»
common.
Cockshutt
Wlllans
Plow
Gold
Mines
Co
17c
McColl
common
20
Frontenac
m
common
8
210
;v
9%
Jun
193/4
Jan
6%
Apr
9 ¥4
Jun
Jan
106 3/4
July
22
May
'
Coin
Lake
——
*
4
4
5
4
July
4
July
—*
21c
21c
1,200
20c
Jun
22c
Apr
3,200
29c
Collingwood Terminal preferred
Commoil Ltd
——
—
Commonwealth Petroleum.————,
Coniagas Mines
Coniaurum
30c
*
•
—
1.15
Jun
1.60 July
1.33
Jun
McWatters
15%
2.20 July
16
July
55 ¥4
July
Mid-Continental
145
53
2,171
134
269
Con west Exploration
1
1.65
1.62
2.10
151,750
Cosmos Imperial
*
22%
22 ¥4
Crow's Nest Coal—
14 Vi
Jun
38 ¥2 Jan
128
Jan
1.13 July
2.84 July
233/4
110
21
May
24
38
34
May
38
Mar
18c
38
10
•
———:
135
16c
16c
16c
200
12c
*
38 ¥2
37 ¥2
383/4
460
33 ¥2 Mar
100
Jun
Model
July
Modern
Petroleum..
;
Distillers Corp—Seagrams common
42
Jan
Mar
Dome
Mines
Ltd
Dominion
Coal
*
Bank
Dominion
25
....
Dominion Dairies
common—
Dominion Fabrics
common
—
Chemical
&
Preferred
5
13
35
*
8 ¥2
8 ¥2
235
200
9 ¥4
25
May
155'
Feb
13
Jun
7
July
_
common
___
Duquesne
July
Moore
Corp
9 ¥4
July
July
National
Grocers
Preferred
^
12
100
9%
Jan
12
253/4
430
21 ¥2
Apr
26 ¥4 July
8¥s
83/a
425
7
Apr
9 ¥2
July
Negus
12
12 ¥4
765
9 ¥2
Feb
12 ¥4
July
July
108 ¥2 108 ¥2
100
15
7%
104
Jan
Apr
.*
5
4%
5¥a
...
—
20
4
4
4
2,040
Co
1
24c
22c
25c
27,400
Mining
common
477
3 ¥2
2%
9c
Jan
Jun
Jan
Crest Oil—
Eastern Malartic Mines
•
8c
7¥2c
8yec
5,600
1
2.34
2.28
2.40
6,945
*
20
20
20
10
7 ¥4
63
7c
1.66
May
Jan
Equitable Life
——
25
—
For footnotes
see
page
463.
7 ¥4
19 ¥2 May
6
Feb
7c
Jan
10,600
15C
Mar
11%
10%
•
«
55 ¥2 Mar
1.34 May
15c
July
Mar
63 ¥4
July
1.68 July
55c
Apr
46c
July
40¥2c July
12
•1.625
6
Jan
12 "
July
39c
33c
39c
91,500
19 %c
Jan
59c
May
1.95
1.90
2.00
2,770
18c
—
—
'
■
20c
500
19%
20
55
5
5 ¥»
10
82
10
74 %c
70c
76C
11,880
21
20 ¥4
21
969
55
54 ¥2
55 ¥2
270
214
216
5
—
14
108% July
5% Feb
4 ¥4
32c
July
May
_
Co
Ltd
•
common.
_
1.75 May
18c
2.15
Jun
24c
15
Apr
20
3
Jan
5 ¥4
Jan
74%
Jan
Mar
Jun
July
833/4
Feb
36C
Mar
99c
Jun
18%
Apr
22
45%
200
Apr
Apr
¥4 Feb
55 ¥2
216
July
July
Noranda
—
-
Mines
Mining
Normetal
Canada
Star
1,200
9%
Jan
12
Mar
28 ¥4
15
27%
Feb
29
July
16%
17 ¥2
160
13 ¥4
May
18
68,250
Oil
1.68
1.65
1.80
59 ¥2 c
Jan
5
2.50
2.50
2.50
900
1.89
Jan
57
58
800
48 Vi
Jan
7¥4c
7¥4c
7¥4c
500
7,000
4%C Jan
4%c Jan
70c
70C
70c
3,296
62%c Jun
74c
63c
75c
11,100
2%
2%
2%
1,050
3.85
3.45
4.00
79,050
a
Nordon Oil
Norgold
U ¥2
28 ¥4
1
..
Mines
Northern
11 ¥2
——
a
Mines
1
9c 10¥2c
1
Corp
Ltd
Mines
common
c
a
«
v
45c
1.20
Apr
Jan
July
2.17 July
2.80
Feb
60 ¥2 July
iiv2c Feb
17c
Apr
87c
Jan
82c
July
3.00 May
12¥ac Jan
2.70 July
O'Brien
Gold
Okalta Oils
English Electric A
46,650
31c
82
National Steel Car
North
East
39c
28c
_100
Power
Nipissing Mines
245
31c
30c
_
12
12
_
common
Class A
253/a
12
32C
60
7c
13 ¥2 July
<
*
67,900
1
Light Heat &
•
-
Dominion Woollens
Rights
31 Vi Julv
163
common
Porcupine
*
Stores
Tar
161
4,705
22c
„
25
Dominion Steel class B
Dominion
28 ¥2
13
13
1.50
19c
1
*
Dominion Foundries & Steel com
Dominion
27 ¥2
161
28 ¥4
100
——
preferred
61 ¥2
1.42
*
common
Preferred
Montreal
61%
♦
Gas
Oils
Moneta
Jun
20c
♦
Knitting
5c
1.42
*
Containers
102
61%
•
Mining Corp
Monarch
Davies
Mines
&
1,500
1
Gold
Mines
Oil
5
7c
1
Mercury Mills
July
15%
52
Gold
5¥2c
'
1
Mines
Lake
Graham
200
133
Mills.
McVittie
Red
2,425
134
—
(Toronto)
McMarmac
1.75
52%
•
Mining & Smelting
Consumers Gas
Mar
Lake
1.60
5
Bakeries
Consolidated
33c
Red
y
5
Mines.
Porcupine
McKenzie
1.50
1.65
100
Consolidated
May
Mclntyre
*
Segurs
1.67
—5
—,
Mines
31c
106 y2:106%
Preferred
McDougall
22
7 Vi
Gold
Mines
1
a
Omega
Mines
July
Ontario Steel Products
common
46c
46c
50c
1,700
1
common
May
36y2c
36c
37c
10,080
15
15
*
—
\
90
1.37
40c
25 %c
.
Feb
July
>.
Jan
162
6
—:
—.
International
12
1.05
Chateau Gai Wines—
6%c
6%
7¥2c
__*
common......
International Nickel Co
160
1.85
.1
Julys
July /
9
2,030
£ 1
—
International Metals
365
645
¥
39%
6¥a
40c
Jan
4,600
9
:
(John) Co
Inspiration Min & Devel
10
14
16 ¥4
13%
6%
13
Jan
35
32c
Mar
42
19
Mar
11
17c
12%
¥2 Mar
18 Vi
128
.
Apr
July ■/
Feb
115 ¥4 July
15
152
39%
7%
48
36
30c
•
Inglis
Feb
6¥2
50
7 ¥2
9 ¥2
Jan
'
Bay Mining & Smelting.
Jellicoe
■
Mar
8%
.1
Preferred
Jan
J
;
6 ¥2
3% May
5% Jan
6¥2c
Imperial Bank of Canada
100
Imperial Oil
*
Imperial Tobacco of Canada ordinary_5
July
65
10c
25% May
5% Jan
May
12%
—-
00
12% Mar
22
20
Jan
July
5c
9
v
30c
4¥ic
Mines
1.40 May
93c
61
11,000
8%
Apr
39
1.07
1
Corp..
>
July
2,500
■'
19
Jan
Hudson
24 ¥2
Gold
Jan
1.85
Chemical
Research
.
Mar
56 ¥4
7%c
•
Howey
Jan
22
■:
31c
Oil
Home
Madsen
Central
50
29 ¥2 c July
Feb
9Vc
Homestead Oil & Gas
9%
1
Central Porcupine Mines
5
84%
93c
1
Jun
31 ¥4
1
Mines
125
7%
Mines-.
27
225
*
Quartz Mining
Castle ^Trethewey
Apr
Jun
38c
Jan
1
Mines
23% July
'
Cariboo Gold
8c
37¥4c July
Jan
21c
1
-5
434
26%
*
25
Boxes
23
5
1
Mines
"
Canadian
23
.'
14c
11%
16
—♦
Ry
10c
4%
-1
Mines
Mascot—
38 ¥2
*
_——
Pacific
9%c
4%
•
Alabastine.
Gold
Gold
17c
'
Canadian
10c
*
Swayze
8% July
9 ¥2
•
Canadian Malartic Gold Mines
6%c
.
Halcrow
104 ¥2 July
42 ¥2
__
•
Co
5C
15c
25
s
Lime &
Apr
—100
Canadian Industrial Alcohol A
5c
30
55
6c
_.
Gypsum
Jan
132 132 ¥2
*
•
—25
common
Preferred
5c
95 ¥2
55
-
8
65
•
common
3c
95
.
__
__
1
38
7%
Foundry common
4¥2c
*
11 ¥4
common
preferred
9¥2c il%c ■:
50
90
—
•
Canadian Car &
,
*
vtc
Common
45
'
Canadian
12¥2cMar
__
50
Preferred
200
100
—
10% July
Jan
15%i July
Feb
26c
Grandoro Mines
8 ¥2
*
Commerce
1.99 Mar
11 ¥4
16 ¥4 c May
1
Kirkland
Canadian Bank
15,005
114,100
27,850
_
Mining—
Mining
50
6.20 July
61
8
*
50
"A"
360
8.55
1
Gate
Harker
Jan
21c
49
'
.'^y^y
———*
—
15 ¥4
31c
•
Feb,
3.55
5¥2c Mar
5%
115 115 ¥4
•
*
—
...
Steamship Lines common
14
:
29c
Graham Bousquet Gold Mines—
104 104 ¥2
——*
Preferred
1.86
83/4-
•
Northern Power
May
July
50c
Mining
Goodfish
Jan
8¥2c Feb
60
60
*
—
95
30c
Goodyear Tire & Rubber common
16
Apr
21c
—100
Malting
91
May
8 ¥4
•
Eagle Mines
67c
4¥2c
5%
—50
Preferred
Canada
1.80
1.80
*
Canada Cement common
July
Jan
93
3%c Feb
Goldale Mine
International Coal
*
common
Class B—
Canada
10%
—
——_1
Calgary & Edmonton Corp Ltd
Calmont Oils, Ltd
10
84
65
4,000
-
Mines
Gold
Apr
135
160 :;V-
'
/
5c
*
263/4
Gold Mines
Ankerite
Buffalo
July
95
4¥<c
Apr
20
*
Buffalo Canadian
Jun
July
8.2C1
88
4%c
July
1
Porcupine Mines, Ltd
,
69C
9%
1
God's Lake Mines Ltd
Hard
13 ¥2
*
.
y> 26%
July
lie
#
28 ¥2c
2 ¥2
Oil
6.00
7.50
15%
July
Jan
20
-
Oil Corp
Brown
7
23
Packers common—.*
British Columbia Power class A
—•
Brouian
28c
26
Columbia
British Dominion
Apr
Jan
33c
¥
5.025
93
*
12
Feb
22 ¥4
——
23 ¥4
480
54,350
Feb
4
Jan
11.00
11 ¥2
23
—
■/?
69c ¥
7.00
July
8c
May
7.65
Apr
20c
22 ¥2
Class B_
26%
3
July
July
Jan
88
■
4%c Jan
355
1
Jan
21 ¥2
6,900
•
British
8,200
"l
Giant Yellowknife Gold Mines
July~
7,395
123/4
On
May
8%
«
2.89
13 ¥2
13%
American
75
3.10
86%
95
General Steel Wares
24 ¥2 c July
22c 24 ¥2c
23c
Ltd
*
Brazilian Traction Light & Pwr com—*
British
20
6.00
—
preferred
Gillies Lake-Porcupine Gold
Glenora Gold Mines
Mar
229
230
1.99
Mines,
'Bralorne
35
3 ¥2 *
64c
,
9
preferred
5 ¥2%
26
69c
6.10
«
2
1.92
._*
——50
——
26
...
Mines
—
Preferred
3
Exploration
Jan
7c
6c
3
5.10
27
81
79
6%c
Jan
18
2.08
*
100
Belleterre Quebec Mines——1
Berens River —.—/—
1
Bertram & Sons
—5
Jan
230
2.02
B
157
232¥. 232 ¥2
230
Bell Telephone of Canada
July
146
245
1
Bobjo Mines Ltd
Bonetal Gold Mines
;
High
Apr
505
3,525
35 y
Feb
14 Vic
1
Bidgood Kirkland Gold
Blue Ribbon Corp common—;
4.70
34%
100
Preferred
15c
—*
class A
class
Francoeur
Gold
14 ViC
19c
Exploration & Radium
4.45
35
0
of Canada
Co
4.50
1
-
Low
High
34¥2c July
10 ¥20 May
28c
76c
Jun
July
1.10 May
40c
4.00
8.05
Jan
154,610
79c
76c
55c
51C
4.05
232%
Beattie Gold Mines Ltd
Class
3,600
70,500
*
—
Metals Mining
Bear
35c
24c
—100
-100
100
Bank of Toronto—
Beatty Bros,
3,700
12c
34c
21C
58¥2c Feb
!
Bank of Montreal—
Base
10,600
40c
July
July
1
Bagamac Mines
Bankfield Cons Mines—
Bank of Nova Scotia
1,000
27c
21c
1
———1
Gold Mines
Gold
86c
24c
lie
33c
Ford
Low
*
Fleet Aircraft
Jan
86c
lie
Apr
Par
■
Falconbridge Nickel Mines.
Fanny Farmer Candy Bhops
Federal Grain preferred—
Federal Kirkland Mining
July
35c
-
15c
102
55
.—l
Ltd —————
Mines
Aubelle
Aumaque
Aunor
-
Quebec Mines
May
1.79 Mar
Jan
2,300
4,350
1
Mines
Armistice Gold
July
14c
Jan
96
101
,
44
Jan
1.10
13
66c
27C
Apr
7Vic
29
99
7.20
—J
July
Jan
63c
1
Mines Ltd
High
4 ¥2
8% Mar
6.95
101
*
Apr
68
63c
—-
2%
155
100
93
6.95
pfd._100
Mines
Gold
Aquarius
Astoria
11 ¥2
'
of Canada 5%
Aluminum Co.
19,583
28c
11 ¥2
92
Anglo Canadian Oil
Anglo Huronian Ltd
Area
25c
11 ¥2
Ltd common
Aluminium
1,800
5,100
1.50
1.50
1.50
26 Vic
Steel Corp common
Algoma
18,200
—
Aidermac
Range since January 1
Lotr
18.755
4 ¥2
44
Abttlbl Power it Power common¬
Acme Gas and
Shares
High
3%
Par
er
for Week
«f Prices
Sale Price
stocks—
-y" ;.:y y ;y /y.y.y y-yy y
■;
Sales
Jan
May
Mar
133/4 July
4.50 July
70c
Jan
53c
Jan
16%
Jun
;■
'
,
v
.•
•
RANGE
Friday
■
Pamour
Cadillac
Gold
Ltd
Pickle-Crow
Powell
Voting
Power
6c
11,200
3%c Jan
37c
40c
43,800
28c
53
53
10
4'/8
4Va
50
1.35
34,425
7Vic
May
Jun
53% July
4% Jan
Mar
1.35 July
Jan
2.75
2.75
2.88
,3,750
1.84
3.55
4.30
23,470
2.08 May
1.15
1.06
1.25
1.15
8,300
1.15 Jun
1.73
1.05 Jun
1.64
20
20
10
11%
12
1,975
—
_
Langley's preferred
Minnesota
&
100
_
Ontario
Paper
Oreille
Mines
1.40
1.55
1
10
10
10Vi
2.75
2.70
2.85
6,300
94c
94c
100
50c
500
85c
26c
3,035
*
__
*
50c
—
May
89c
775
1
6
16,250
Queenston Gold Mines
84c
21 Vic
1
Quemont Mining Co
•
Gold
Robertson
Roche
Mines——
Silk
Riverside
1
—_
Mar
Supertest Petroleum ordinary
Temiskaming Mining
_
_
Long Lac Gold Mines
Rouyn Merger Gold Mines
Royal Bank of Canada
Royalite Oil Co
-
6%
Jan
2.32
Jan
8.25 May
30c
May
75c
Jan
11
39C
St
Lawrence
Corp A
10
200
35
36
70
8c
8%c
3,050
Canadian
:v,:' ■'
•
:-/V■ •- ,C:'.•
Jun
50c
.V, / V
Friday
Last
■
V ';;VV;t..
.
Sale Price
STOCKS—
July
33
15,500
Jan
142%
Feb
250
19
Jun
21%
Feb
275
19%
Jan
29% July
28%
7,400
7c
Apr
35c
15
May
134 J%
Feb
199
5
280
Jun
4c
4.10
9,605
6 00
5c
Mar
8%c July
34c
Mar
50c
Jan
16
Jun
3.50
Jan
41c
40c
43c
14,500
14%
14%
150
6c
98c
73c
7c
1.02
5,500
2>/2c
7,700
90c
Jun
77c
11,083
65c
Mar
10%
9
10%
9
400
8.75
Feb
269
8%
Apr
B
Simpsons
Preferred
Siscoe
:
Mines.:
Malartic
Sladen
Slater
<N>
South
End
—
—
99c
Paving
Preferred
Steel
...
—
J.
Jan
42c
Apr
9%
Jan
25% July
114
Apr
77c
22
150
20%
Jan
23
3%c
20c
4,000
3c
Jun
5c
Mar
1,000
20c
July
28c
65c
Jan
19
Feb
25
2%
Jan
5
July
IOJ/2
Jan
15
July
—
63c
1.37
1.60
17,340
24
24 Vi
312
4%
14%
7%
__
74Vi
3.85
3,70
3.90
4
4
4
70
15
7%
69
74%
;
69
__
__
.
15
5c
5c
5c
625
1.75
1.70
1.78
63,100
..
250
260
2,250
Jun
July
8% May
Jan
69% July
Jan
77
16Vi
3.60
56c
1
Thompson-Lund Mark Gold Mines
0
Tip Top Tailors: preferred
,__L100
Elevators common
0
Exploration Co
1
•
Transcontinental Resources
Union Gas
;
Co
United Corp B
United Fuel class
•
16Vi
3.50
52c
16%
3.90
65c
—
Tamblyn Ltd common
Teck-Hughes Gold Mines
Towagmac
112
112
30
26'Ac
—
--
30c
76c
7%
78c
7%
Jan
4.10 July
3% Mar
4% May
2.04
■.
4'/2c Jan
7%c Mar
Jan
196
Apr
290
July
15
Apr
17
July
Vermilata
-
Oils
——
Mines, Ltd
Walker-Gooderham
Worts
&
com
Preferred
Lake Gold
Wasa
30
Jan
30c
4,500
15c
Mar
33c
July
83c
13,800
40c
Mar
95c
Jun
27%
1,140
5 %
38
July
64
64
100
•
_*
*
—
100
—
3%c
—
100
4.00
3Vic
8
100
4.25
3%c
8
9
545
Jan
Foundries
Dominion
Glass
Steel——
&
com
Preferred
Dominion Steel &
Coal B
Stores Ltd
Dominion
4c
Jan
348
57/s
Jun
25
60%
Jan
5
6,685
Jun
97
2.95
Jan
;
Electrolux
*
Corp
Heating
Prod
30 %c July
6Vi Mar
94 Vi Mar
120
July
preferred
Preferred
May
7% Mar
—
common.—
Gypsum, Lime &
69%
IOO
Apr
July
4.50 July
3 Vic May
6%
Jan
5c
July
Paper
common
Bay Mining
Imperial Oil Ltd
Imperial Tobacco
9%
Preferred
of Can
Toronto Stock
Canadian
Canada common
Last
Range
of Prices
Son
class
Preferred
Bruck
Silk
Canada
*
1
100
1
._
Consolidated
Dalhousie
Dominion
200
220
2,525
9%
9%
25
9%
32
2%
2%
2%
800
"
8 VB
7%
8%
9,157
11%
11%
10
*
A_
—*
Co
cpp
•
7
4rt.
22
5%
July
Jan
12
Jun
Apr
2.45 July
39% July
7% May
9% July
35c
35c
28 Vb
1.900
30
340
8%
Apr
1.80 May
5%
Jan
7
Jan
30c
24%
May
Jan
10
July
11% July
41c
Mar
30
July
Apr
12%
31 J/2
Jan
38J/2 July
51/b
8%
Jan
41
Jan
45
3? 1/2
Jan
Jun
Mar
38
:•
Apr
Jan
28
Feb
40
41%
175
36
Jan
45
Jun
150
150
130
130
5%
6 J/4
580
5%
5%
150
5
J an
175
40
5%
13%
v
V:
Mar
July
130
45% Feb
6
123
50
July
J/2 July
6 J/4 July
27
Jan
70
July
4,095
10»/b
Jan
14
July
'
11 »/2
Jan
li
July
64
13%
154
141% May
10
h
370
'
—:,
52
53
745
39
Jan
551/2 July
31
52
31%
485
27%
Jan
311/2 July
36
July
36
95
29%
Feb
36
38%
155
33J/2
Feb
41% Mar
23%
Jan
31
13
Jan
38%
32%
28
29
13
13
30
8'A
22
26
8%
9
685
22
22
15
25 J/2
26
100
140
140
25
116
Feb
140
July
Jan
163
Mar
*
100
100
-2ft
*
145
•
41/a Mar
17 J/2
22
Apr
Apr
160
8%
160
20
150
8'A
81/2
1,445
7
Apr
200
9
Jan
11%
12
12
108%
12
150
'V 50
306'
108% 108%
70
70
8'A
8'A
100
11'A
8%
5
July
14
Jan
10
July
24
Jun
26V4 July
9% July
12'A
Jun
121%
Jun
8
Jan
104
Apr
68
Apr
74
Feb
6% May
9
July
8
108% July
U »A
11%
260
5
5
625
4%
Jan
6
Jun
4
4
2
3%
Jan
4
Mar
55
14%
Apr
19
Jun
130
8%
Jan
10
July
Apr
May
,
July
^
—
18%
9
18%
9%/«C£
86
95
15 Vb
88
345
85
Jan
90
95
95 »J'6l
212
93
Jan
95
Apr
151/2
Jun
15
111
15%
+M,445
95
111
11% Mar
1081/2
Jan
llli/e July
Jan
7%
7%
60
7'A Mar
8
8'/a
8%
125
61/2
Apr
9 VA
Jun
5%
6
855
5
May
6V2
Jun
19% July
«■—
18%
470
13 V2
Jan
111
111
155
1061/2
Mar
111
July
30
30 J/2
305
26J/2 Mar
32
July
14 J/8
18 %
14%
340
12%
15'A July
18 J/2
10'A
Apr
Jan
131/e July
12%
275
21
26
July
99
50
96
Mar
100
Jun
15
100
12
Jan
15
Jun
25 'A
--
256
25J/2
15
30%
20%
13
25
99
—
25%
61
22
Jan
26
Jun
32%
745
28
Apr
35J/b
Jun
30%
20
860
20'A
90%
90%
10
22'A
22%
2,090
109
109
.
35
Mar
14'A
Apr
22
Jun
76
Jan
92
July
19%
Apr
22%
106
Mar
113
Jan
Mar
Feb
Montreal Lt Ht
Loan
&
National
Breweries
100
_*
—25
Mortgage—
!
common
Preferred
Car
•
—25
,
:
*
—-*
26
Jan
140
Apr
13
Jan
16
Feb
16
16
20
13%
Jan
16
July
13
13
1
10%
Feb
13
July
8%
8%
820
8
8
8%
275
6% Apr
26
345
132
5
25 J/2
26
16
126 'A
Feb
Jan
Jan
9J/2
Jun
91/4
Jun
27%
132
Jun
May
201/2
21
4,301
18%
Apr
2 2 VA
21
21
32
18
Jan
21
37
21
21
37'A
167
33
Jan
371/? Julv
40'A May
431/2 July
Jun
July
43
—
17
Corp
Niagara Wire Weaving
Noranda Mines Ltd
—
Jan
135
235
132
—
preferred
& Power Cons
Cottons
23
5
15%
25%
16
3
25
310
139% 139%
15%
a
(Robert)
b2
12%
13%
62
12%
—*
•—
.
Feb
8
8%
Steel
9%
230
25
*
National
511
38
435
26
A
Jan
2% Julv
9
Jan
Jan
12
38
280
*
Montreal
9
7%
11%
9%
Massey-Harris
Mitchell
Jun
26%
% May
Apr
1.40
28%
14%
26
High
23
Jun
U71/2 July
9%
*
—100
Ltd preferred
Montreal
9%
165
1
Oil
fnnfrrt+c.c
150
38%
37%
*
Press
8%
:
Paper
Bridge
210
10
Corp
Marconi
Consolidated
8%
8
*
Mills
Vinegars
Canadian
"ir
"A"
Low
Legare
91/a
Jan
Jun
12
July
IO1/2 July
McColl-Frontenac Oil
22%
22%
common—
R^nge since January 1
High
Par
Corp
Shares
J/2
103 J/2 May
45
22 %
109
preferred-
Lang, & Sons Ltd John
Laura Secord Candy
for Week
6
915
;//
121
*
100
Petroleum Co Ltd
Preferred
Fr'da*
Sale Price
STOCKS—
July
20% May
2,100
»
25
*
15
1°0
Lake of the Woods common
Rules
20 J/2
Jan
38
common--*
—100
common
Bronze
International Power
Funds
Jan
15 J/4
43
Jun
Exchange-Curb Section
.151/2
7%
*
common—_5
_
International
165
3,100
38
*
•
100
—*
Preferred
Hudson
July
7%
*
Alabastlne
Bridge
Smith
Jan
9 J/2
42 J/2
*
100
*
common
—
(Charles)
Howard
Jan
31/4
Jan
43
17% July
20c
Jun
24
8
38
100
100
preferred
General Steel Wares
Gurd
Jun
24%
Jan
1.85 May
7%
---*
Gatineau Power common
International
Co
910
•
Preferred
Brown
8'A
Jan
Int Nickel of
Beath &
7%
*
International Paper common
National
25
English Electric class B
Preferred
Andian
245
__
156 J/2
19V2 May
9
1
——*
—
—
&
21%
12
—100
Industrial Acceptance Corp
2,200
10
4,281
115
Chemical common—_•
Preferred
Hamilton
21,000
23
12
5.45 July
15
22%
16% Mar
L
1511/2 Mar
115
5% July
2.70 Jun
19c
Jan
200
8%
•
Jan
79%
1,175
155
8%
115
12
7%
•
Jun
Jan
Jan
15%
19
Dryden Paper
8c
Apr
13%
15.
18%
Dominion Textile common
4.50
4% July
July
24% July
19
Jan
13% July
75
24
Jan
18%
Feb
7c
Jan
23c
July
18% May
21J/2
25
-
18%
—.-35 *
Preferred
Dominion
5 % %>
100
Mills common—
Dairies common
5%
150
52
125
200
52
75
*
dominion
July
145
Jan
20
23%
9%
25
-*
preferred
Coal
Mar
11,175
47
1011/2 July
23
9%
Foundation Co of Canada
71,734
Jan
"I
*
Distillers Seagrams
July
11c
6%
Co
Seal
&
Dominion
92c
9c
6
Smelting
:
Dominion Bridge
63
73%c
Glass
Cork
Crown
22
10c
6%
York Knitting
Jan
Jun
96%
150
*
ft
*
*
Plow
Consolidated Mining &
Enamel
8,035
111
200
7 Vo
Cockshutt
Feb
•
Gold Mines
Canadian
68c
.1
Ymir Yankee
Class B
Cauauian'
20% May
Wiltsey-Coghlan Mines
preferred
Mines
32 V2
6.00
Jan
101
2%
——100
preferred
100
Ind Alcohol common—
•
—
*
ijOcomutiVu
*
Pacific Railway
25
Canadian
57%
82c
Celanese common
erred
330
17
Alexander
rrei
540
*
Wrlght-Hargreaves
Jan
Jan
Jun
92%
98%
21%
Canadian Cottons
5.20
> 21'A
common
Wood
12
3% Mar
13
Jan
•
common..
preferred
New
Dominion Tar &
1.96
Jan
88
25
Bronze
Canadian Car & Foundry common
61%
22
84c
22
—
—
Preferred
Canadian
5.05
5.10
_•
Electric common—.
230
8% Feb
18
4J/4C Jun
9
100
•
*
*
*
Preferred
60%
•
•
_100
Winnipeg
515
Jan
651
50
preferred
3,064
4%
81%
115
17 Vi
Ltd
common
Canadian Breweries common
11,000
30c
Western Grocers Ltd common..—
Canada Steamship
8%c
4%
79
114
17
Preferred
Canada Northern Power
8c
30c
common
Foundries preferred
Iron
8%c
30c
Westons
250
6%
11%
•
100
100
*
•
Preferred
High
Low
High
5
Canada Cement common
.1
4%
79
j,
Flour
Mar
lie
May
Range since January 1
Shares
21
A——*
-Building Products class
Bulolo Gold Dredging
12
0
Canada
Western
Feb
July
for Week
Range
2%
Silk" MMs———————I——*
Bruck
5%
22%
21
*
p
CP
11%
1
Wendigo Gold Mines
pin
11%
1
Mines
8c
154
•
.—•
Pwr
Brit Columbia Power Corp A
•
•
Waite-Amulet
Jun
Apr
30
9,400
2.25
79c
112
Jun
2.40
4%
2.37
July
4.00 July
Jun
2,440
"
50c
Apr
24
37%
4%c
4%
1
3.20
110
37
4%c
United Steel
—
15%
100
of Canada
•1.94 July
1.60
75
17%
*
...
•
rlftRS A
potior
Onwr
Consumers
10
50
A
Ltd
Ventures, Ltd.
42,050
17%
Upper Canada Mines Ltd——.
Oils
13,630
17%
37
4%c
4%
United
125
•
.
36
May
20
23
—
Jun
*
Toronto
Dn+Vtui"-*
Bell Telephone Co
Canadian
1.70
68%
30,205
.■
Jan
Mar
61
60
*
Supersilk Hosiery class A
S'A Jan
15
125
1
Mines
.
100
4%
1
Sudbury Contact Mines—
53c
16,050
—
100
—
Jan
1.72
Sales
Week's
of Prices
52
50
•
Corp
Breweries
Jan
*
•
Coal——
Telep preferred
Canadian
Asbestos
July
1.25 July
3c
20c
25
Cons
Apr
105%
11% Mar
22
•
common
Steep Rock Iron Mines
Sullivan
Feb
July
58c
—
•
14%
—7%
—____—
Preferred
Sterling
1.08
92c
July
22
*
common
Canada
9c
Jun
60c
*
Co
—:
of
Co
12
762
185
12,300
1.52
Chemical
Standard Radio
87c
Jan
4.45
1
...
Springer Sturgeon
Standard
113
1.00
Anglo
Associated
Can
25
112
13 VA May
July
20
L*
Mines
Co
Petroleum
South West Petroleum
Standard
24%
—
112
100
——1
*
Gold
6c
1.00
75c
I
—*
1*'
;
17
8%c
14%
preferred
49c
Apr
20
Jun
4.00
Apr
*
—
295
8%c
__
13
1
Dairies
13 %c July
52c
Jun
160
4.10
—1
July
16%
16
Shawinigan Water & Power
Shawkey Gold Mining
Sigma Mines
Jan
1.31
101
100
of Can pfd
Brazilian Traction Lt &
Senator Rouyn. Ltd
Silverwoods
Jan
12% July
92%
'
otQ
Aluminum Co
26% July
280
50c
——1
Mar
Apr
Feb
139
19
1
6c
23
28
__
Sheep Creek Gold Mines
S herritt-Gordon Gold' Mines.
21
Jun
Funds
11%
•
Algoma Steel com
Aluminium
/
50
27Vi
_1
Jan
50
19
—
64c
2,900
__
50
Mines Ltd
San Antonio Gold
Sand River Gold Mining—
28c
Low
Feb
5c
27Vi
9c
41 Vic
Vv
lV/ec Jan
8,200
1.25
26 Vi
32 Vi
9'Ac
46c
139
19%
:
_.
May
Montreal Stock Exchange
2.92 July
5c
100
Preferred
July
15c
15,350
8C
_
July
32
9c
41 Vic
—
____10
Russell Industries common
19
18
36
__
1.65 July
26 Vi
—
*
1
1
100
*
common
83c
21 Vic
5c
•
Mills
(P E)
Feb
Jun
10 Va
1.40
Metals
&
Par
Reno
High
1.45
1.05 May
13
1.36
36C
1
Osisko Lake Mines
Jan
1.40
1
20
'
Feb
7%
100
7W
Co———1
Prospectors Airways
17
325
.
Feb
4,200
7Va
Mines
400
19
■
•
4.30 July
1.19
1.10
7Vi
Mines
1.20
V'
3.05 July
4
83c
Low
1.15
11%
'
\
*
Gas
Jan
44Vic July
3.85
•
Metals
Proprietary
1.50 July
14 Vic July
1
Premier Gold Mining
Hayes Steel
&
Range since January 1
High
Mar
Jan
50
Oil
Foothills
Pend
1.08
1.32
Jan
1.07
99
1
C
?
Dome
Jun
4Vic Mar
1
Mines
Corp
East
7c
5Vic
trust
Preston
July
1.15 Mar
5Vic
1
Gold
Pressed
July
90
39 Vic
__*
____
Mines of B
Rouyn
8,000
*
Securities
Gold
Pioneer Gold
5,300
10c
60c
1
Mines
Gold
94
1.45
Jan
1
Mines
common..
Gredit
Peoples
Perron
90
1.36
1.40
Paymaster Cons Mines Ltd
Penmans
11,800
235
94
•
.—1
Gold
Malartic
Partanen
79c
60c
3c
2,000
Shares
of Prices
Low
Par
High
Low
9%c
*
Ltd
Mines
Porcupine
3 Vic>
60c
Mines
Page Hersey Tubes
Pandora
3c
Range Since January 1
for Week
Range
Sale Price
STOCKS—
Sales
Week's
Last
High
3 Vic
•
& Refining™
Pacific Oil
Lou?
*
Pacalta Oils
>8
Friday
Shares
of Prices
Par
■
MARKETS
JULY
ENDING
for Week
Range
Sale Price
STOCKS—
V V'
■
WEEK
Sales
Week's
Last
FOR
«...
'
..
LISTED
CANADIAN
:/■
461
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4303
Volume 160
43
10
16%
17
920
13 J/2
Jan
18
July
24 J/2
24%
55
15 J/2
Jan
26
July
57
57%
545
48%
Jan
60
July
Low
5%
125
26 Vz
20
7
Jan
9
Mar
10
49
Apr
53
July
134
25
Feb
134
May
130%
Jun
7%
750
Jun
8
28
883
19
Jan
99'A
71
93
Jan
8%
100
8
Jun
9
Jun
13%
13%
185
12
May
14
Feb
9%
9%
70
103
13%
104
103
5
5%
Investment
Southmount
United Securities Ltd
23c
,
-■..2k:-
•
________
Walker-Gooderham & Worts com
*
Woods
*
Manufacturing
*
—100
10% July
Jan
103
103
Mar
100
*
3%
1,150
16
655
13
Apr
200
32
Apr
35
48% Apr
58
—50
common.*--1*
150
57
—100
preferred
14%
147/a
470
19
19
.35
14%
14 Va
50
—*
9%
9%
25
T—*
67
68%
30
74%
75
158
14%
*
*—♦
Ltd
Mines Ltd
of Canada common,
—
__
——25
———
-
—100
preferred.
Tobacco
2% Mar
3% July
July
July
Mines Ltd—-—?"•'
Bralorne
Mines
Gold
705
29c
6,800
12,000
2c
Jan
5c
July
July
24c
5,000
17c
Jun
31c
July
34c
3,000
9c
300
4c
Jan
12%c 13 %c
500
11%
Jan
.
1.75 Jan
285
573/4
63
Mar
30c
Feb v
27%c Jun
July
15c
31C
Jan
•
9c
13%c
,
30c
64c
Jan
15 %c
July ~
July
13% May
15 1
£*
Preferred
—
Feb
19% July
28c
4,500
l%c Jan
6c
13c 14 %c
16,100
Jan
15c
July
10c
500
4%c Jan
18c
May
July
Feb
July
10
69
Jan
76
Jun
Joliet-Quebec Mines Ltd
——.1
158
8
154
Jan
158
July
Kirkland Gold Rand Ltd
1
|*_
10c
*
3.30
3.00
3.40
3,700
19
19
25
|__
19c
19C
1,700
*
L_
1.70
1.75
1,200
1.40
Jun
1
3)75
3.70
3.90
7,555
1.38
Jan
26c
26c
500
26c
9%c
10c
11,500
7c
Mines Ltd
Gold
50
Jan
58
July
Labrador
85
Feb
125
July
Lake
18%
19
485
17
Mar
19
July
6
6%
787
6
May
V- -' v,V';";. ";!■
McMarmac Red Lake
63
63
80
62
Jan
69%
70c
1
J5c
i3c
Mines
Shore
*
Ltd
Mines
22%
22%
175
18%
Feb
'•'
v
•
--
100
27%
Jan
29
70 c July
.3c
3.50 July
1.51 May
15%
July
20
July
19c
Feb
July
,2.05
July
•'7?:.
Gold—*
-
19c
July
,:
22% July
29
;
■
1
Apr
28%
July
'
Gold Mines Ltd
Consolidated
20
7% Mar
*
"
f
J-M
U7
Jun
Jan
136
Mines
Gold
O'Brien
Lake
Ltd
Mines —
—
May
Jan
147% May
155
Jan
25
229
July
240
156
135
Jan
142
Dredging
1
130
147%
150
344
234
234
137% 137%
Perron Gold
Preston
Red
limes
Ltd
Dome
East
C
Mines
1
Sherritt-Gordon
Siscoe
Sullivan
$27,000
49
Jun
50%
Mines
Mines
Cons
Ltd
L_
6%c
1
4.50
4.50
400
3.40
Jan
30c
Feb
15c
July
1.31
9,700
90c
May
4.50
July
1.31 July
3.85
4.20
800
2.10
Apr
4,20 July
2.84
2.84
400
2.80
July
2.84 July
7c
7c
4,500
6%c
6 Vz c
1,500
Jan
9c
Jan
3%c Jan
8c
May
4c
90c
850
66c
Jun
r.00
88c
1.00
6,150
42c
Mar
1.70
1.75
1,650
1.60
Jun
1.95
July
4.00
4.00
300
2.95
Feb
4.40
July
1.26
1.26
1.16
Jun
1.30 July
35c
35C
35(J
V.-
3.25
3.25
>?5c
+
1
—
1.13
1:.70
1
1
Ltd
Ltd
Mines
Gold
f._
•
Shawkey Gold Mining Company
Bonds—
,w_
1
r
Ltd
Mines Ltd—
Crest Gold
1.01
1
—
Gold Mines of B
Pioneer
49%
p.
July
Jan
Mar
133
30
49%
|—
1
4:35 July
Jan
5
133
———100
Gold
Cons
*
May
135
135
133
Power Notes
2,800
5%c
Jun
30 3/4
69
58
—
70C
5c
July
26% May
Feb
—100
——
65c
9c
13 %e
63
125
150
100
>
Jun
57
100
28%
13 %e July
/
Jan
8c
11
135
.
2%c Jan
500
14%
Pato
_——...
2%c Jan
6,500
8c
Jan
8%
100
.—...—.—*
15,400
6%C
Jun
11
Pandora Cadallic Gold Mines—
—
8%c
6c
Dome Mines ;Ltd
Osisko
Canadiepne
7c
8C
1
Jan
16
125
—*~.**
25
Zellers Ltd comrtion
13% July
|.
1
Cadillac Gold Mines Ltd
Central
Negus Mines Ltd
Montreal
100
29 c
28%
Cartier-Malartic
100
Royal
61%
30c1
f*
•
;
Preferred
■
V 3%
24c
|-
;
1
Ltd
Mines
*
Ltd
—.;
Scotia
3% Mar
3%
4%C; 4%C
4 %c
*
———.*.*£
Gold
Bouscadillac
*
*-*
Winnipeg Electric common——
Nova
Mar
5% Feb
Jun
24 3/4 c
30c
—*
Cotton
Commerce
May
r'
1
"
Canada Power
Montreal
2
28c
I.
•
—
Astoria Quebec Mines
Francoeur
Southern
Ltd
17c
16% July
35
common
Steel Co.
Wilsils
25
r,
Aldermac Copper Corp
July
Feb
99
3%
Simon H & Sons common
Grocers
4,395
4
30c
4.
\
Mines—
Bidgood Kirk Gold Mines—.
Shawlnigan Water 8c Power
Sherwin-Williams of Canada com
Western
106% May
103% July
9
61%
-
28c
Century Mining Corp Ltd—________ 1
Tuckett
104
23c
23c
*—;.———100
Walkerviile Brewery Ltd
Arno
7% Mar
20
Flour Mills
Wabasso
High
High
4
*
July
99% July
102% 102%
St. Lawrence Paper
Preferred
Range Since January 1
Shares
29
99 Vz
•
100
7%
102%
preferred
A
v. 45
53
preferred ———-100
Corp
Lawrence
8%
27 Vz
I
Saguenay Power
Lawrence
4%
24
Low
100
pfd
for Week
of Prices
26% July
Feb
134
Transport
Regent Knitting common.
Holland Paper preferred __
Class
Feb
27
July
5% Mar
Feb
23%
Southern Canada Power 6%
Sales
Week's
Range
price
Par
Range since January 1
8%
100
Quebec Power
St
116
8%
of Canada
price Bros & Co Ltd common—
5% preferred
St
Shares
5
100
—*
Preferred
Provincial
Last
26%
Penmans Ltd common—*,-,
Power Corp
Friday
Sale
;-h
STOCKS—.
53
& Power common..—*
L H
JULY 28
ENDING
for Week
27
27
Ogilvle Flour Mills common
•
Ottawa Car Aircraft
Ottawa Electric Rwys—————*
Ottawa
.,■■■
■of Prices
Sale Frice
Par
WEEK
High
Range
Last
FOR
Sales
Week'i
Friday
STOCKS—
Monday, July 31, 1944
LISTED MARKETS
CANADIAN
RANGE
•"
CHRONICLE
THE COMMERCIAL & FINANCIAL
75c
75c
July
1.25 July
Feb
Wright Hargreaves Mines Ltd
Oils—
:
.
*
""
!.
'
.
|/. ...
British
\
'/•*
.
•
* ■■
Dalhousie
Montreal Curb Market
Canadian
;y-J:-:'
of Prices
6%
Shares
Low
High
4
/
3%
4%
40,356
100
preferred
' ;
•
Range since January 1
Low
•
common
Ltd
for Week
Range
Sale Price
Par
Power & Paper
Abltlbl
Go
Co
' f/f-.
Sales
Week's
Last'
STOCKS—
Oil
Oil
Home
1-26
—
'
Fonda
Friday
'V-
Oils
Dominion
..
43
'
39
44
4,591
2%
27
Apr
Apr
High'
4% July
44
July
'
Bat,burst
&
Pr
Paper Co Ltd B
Belding-Corticelli
Brewers
British
Dis
&
Ltd
of
American
—
100
common
Vancouver
28
'
;
Ltd—.5
Oil Co Ltd.*.
23
23%
567
20
26
26
25
23
2.10
2.20
10,935
37%
38%
595
105
105
50
21%
22
870
49
49
15
96
96%
321
9
45
19%
19%
25
23
1
Calgary
100
.—
Power Co
2.10
Ltd 6%
pfd
37%
100
Canada
•
Canada
& Dominion Sugar Co
Malting Co Ltd
Canada Northern Power 1% pfd
Canada Vinegars Ltd
*
Canadian
100
Canadian
Industries Ltd
Marconi
96
__■»
Dredge & Dock Co Ltd
Canadian
21%
*
__
7%
David
&
Frere
Ltd
&
Fair child
Fleet
Ford
St
40
Jan
5
5
100
2
Feb
5
10
July
12
Jan
10c
Mar
25c
Jun
_l
__
Co
&
A
25
25c
7,600
3
3%
100
145% May
1.85
45c
Jan
Jun
4% May
2%
Jan
;
40c
Jun
Jan
11c
Jun
15
Jan
18%
185
28%
Jan
34% July
110
3%
Feb
5
<
2%
5%
130
3%
Jan
8%
760
7%
Apr
2%
375
2%
3
2% May
3
Power
23%
Apr
26%
26%
26%
500
277
27%
756
20
Jan
28% July
16%
—
15
Jan
16% July
Jan
24% July
16%
Jan
18% July
18
Jan
23% July
...
18
18
14
22%
22%
23
100
.*
7%
7%
75
100
20%
21
340
106% 106%
20
8%
'
8%
8
5% May
19%
Jan
103% Jan
185
7%
Jan
10%
Jun
100
109
109
15
60
60
15
99
40
25
20
4%
Jan
For
Tel and Power Corp A
footnotes see
page
463.
99
50
36%.
*
5
CO CO
5
Ju:i
17%
*
jX3/4
Jan
50
•
106%
4
10
16%
24%
May
4,395
Quebec
3% July
3%
24%
2nd preferred
July
263/4
3/«
N C Part
5"%
10
Feb
Apr
Feb
3
10
pfd.
4
26%
Paper*.
6%
8"% July
18
8%
5
•
cum
16
Jan
34
"A";.——*•*
.......
5%
3%
17
*
'«•
Jan
10c
34
*
5
15c
6
3%
<
*
.♦
39
10,932
Manufacturing Co common
Corp of Can 6% cum 1st pfd. 100
Paton
3% July
17c
Paper Co*
P
Jun
: May.
8%
12
&
67%
11c
11%
L
July
July
8
V/s
•
pfd._lG0
Melchers Distilleries Ltd pfd-a
..10
Minnesota & Ontario Paper**
Scotia
2% Mar
75c
lie
8 Va
*
—
McColi-Frontenac Oil 6%
6r/c
11
25c
11
.
•
*
Maple Leaf Milling Co Ltd com
Massey-Harris Co Ltd 5% pfd
Nova
19 Vz July
156
Jan
350
_
&
Jan
51
Linoleum
Ltd
Power
Jan
15
50
of Canada Ltd A
John Pr
MacLaren
Jan
10
17c
Int Metal Industries Ltd
Lake
99
July
325
common
Insurance
Jan
9
7%
?raser Companies Limited.
Halifax
90
7%
Aircraft Ltd
r
Jun
31
Paper Co Ltd
Aircraft
4*Jk
50
110
common
Corp
Dominion Woollens
Donnacona
Feb
22% July
1,550
_
Limitee
Square
107
Jan
2%
—2%
Oilcloth
May
39% July
155
—
Dominion
2.40 Julv
75c
Consolidated Paper Corp Ltd
Dominion
Jun
Apr
155
Consolidated Div Sec A
.
Jun
27%
60c
Catelli Food Products Ltd common—..*'
Neon General Advert
*
Preferred
23%
Jan
2%
preferred—_100
common
Alcohols
Apr
Mar
104% May
20
Jan
46 Vz
Jan
8%
*
Claude
Commercial
31
92
B—_*
...
Cassidy's Ltd
1.55
Feb
4% Mar
_1
class
Co
Candn Power & Paper Inv Ltd com
5%
preferred
Canadian Vickers
Jan
Jan
7%
25
9
Brown
Preferred
90
8
•
common
2%
8
*
British Columbia Packers Ltd
Co
37
■
107% July
7% July
22 y8
May
106% July
8% Mar
12% July
109
July
Mar
60
July
91%
Jan
100
May
35%
Feb
39
Apr
57
5%
Apr
N ■f. OW
30c
May
37c
Feb
Volume
THE COMMERCIAL &
Number 4303
160
FINANCIAL CHRONICLE
463
OVER-THE-COUNTER MARKETS
Quotations for Friday July 28
For
Investing Companies
Bid
Far
1
Aeronautical Securities.
6.91
—IV*
Affiliated Fund Inc
7.51
Series
B-l
Series
B-2
Series
B-3
~
14.41
15.63
Scries
B-4
.'—III
Series
K-l
Series
K-2
26%
6%
6%
14.94
16.05
J
preferred
A6%
Basic
Bond
4%
9
*
4%
10
Industry Shares
Tr of America
Inv
5
5
1
Fund Inc
Boston
Co Inc
Broad Street Invest
Fund Ltd
Bullock
28.07
-
3.87
101.59
17.93
29.38
15.69
S-3
Series
S-4
17.20
Common
3.85
Ltd——I.
•3.15
30.34
Centuty Shares Trust
—*
28.22
10.52
Chemical Fund
1
9.72
Christiana Securities com—1002,520
2, 620
100
Preferred
Commonwealth Invest
Consol Investment Trust
1
1
4.94
42
Corporate Trust Shares
1
—J
Members New York Curb Exchange
14.42
10.19
6.84
95.16
97.10
40.38
Exchange Place, New York 5, N. Y.
5.14
6.24
40
11.23
4.63
41.20
9.02
Tel:
4.53
1
21.90
23.55
Mass
Investors
2d
1
10.89
11.71
10
11.34
12.39
Insurance
4.94
Trust
Mutual
.
Invest
Nation-Wide
(Colo)
5.37
2.28
(Md)
44
Fund
Fund
Inc
Securities—
series B
shares
•
3.87
Par
Aetna Casual & Surety
Aetna
1.32
1.45
l
7.59
8.21;
135%
10
50 %
.
Companies
Homestead
143 %
.
52%
,
American
34%
35%
73%
77
22 %
24 %
11%
12%
Casualty
Massachusetts Bonding
Casualty
Low priced stock common
Bond series
3.43
3,88
American
Equitable
5
16%
7.05
7.75
American
Income
4.70
5.20
Fidelity & Casualty_5
10%
American of
Cumulative Trust Shares
•
4.85
Low priced bond series
6.80
7.48
American
Re-Insurance
American
Reserve
10
Fund
1
18.28
American
Surety
25
10
36%
x6%
7%
Series ACC
mod
mod—
series
„
Preferred stock series
Delaware
New
19.76
Diversified Trustee Shares—
1
3.75
:
2.50
5.70
6.50
25c
D
Dividend"
1.26
1.39
Shares
Howard—
Balanced Fund
Stocks
7.26
8.03
12.82
13.81
10.55
Automobile
'
Fire
10
49 %
52 %
National
Casualty
15%
16%
58%
National Liberty
39%
National Union
.
-
6.69
Baltimore American
—2%
7.36
Bankers & Shippers
Boston
100
9.01
9.91
Bank
9.64
10.60
stock
Camden
570
595
N
Y
5%
7
4%
(Detroit)
61%
7%
x6%
2
179
169
277/«
25"%
2
5%
28%
58%
io
20
Casualty
-
25 % '
10
Fire
Amsterdam
49 %
46 %
4
;
New Brunswick
10
27 %
30
10
44'A
46%
5
13%
14%
2.50
22%
24%
5
5%
21%
19%
8
Fire
Ins
New Hampshire Fire
85 %
80 %
25
Fire
New
Mfrs
&
9%
69%
66
5
National Fire
56%
11.59
Aviation
:
Monarch
9%
8%
1
12% 1
Merchant Fire Assur
11%
16%
Automobile
Inc—
Agriculture
-
&
Eaton
1.
—il
England Fund
New York
18%
14"%
Merch
8%
5
2%
Newark
38 %
Maryland
2.28
2.76
2.76
AA
Series
84 %
Knickerbocker
10
Alliance
15%
86%
41 %
13%
10
—20
Jersey Insurance of N Y
10
American
1
1
1
Accumulative series
10
Fire
Insur Co of North America
25
Agricultural
A*
Bid
Par
Ask
Bici
io
Life
Aetna
250
voting shares
National Investors Corp
National Security Series—
Bell Teletype NY 1-953
DIgby 4-4950
9.92
10c
Investors
2.47
AA_——
~
Mass
144
139
Members New York Stock Exchange
19.98
27.65
lOc
Maryland Fund Inc
Shaskan&Co.
23.48
13.10
Loomis Sayles
Loomis Sayles Sec Fund
10
Manhattan Bond Fund Inc—
19.28
Canadian Inv Fund
Series
18.25
III"
I—HI
HI"
Fund
HI
Mut Fund-I
H*
Knickerbocker
31.76
11.38
21.32
I—II
S-2
Series
5%
105.82
-
Real Estate Bonds
19.88
10.38
25.18
Series
5%
32.13
18.18
~
29.42
29.30
HH
Series S-l
Bankers Nat Investing—
A Common
on
Keystone Custodian Funds—
4.21
4.09
25%
Quotations
Ask
Bid
Par
3.74
3.85
10
American Business Shares
1
American Foreign Investing-lOc
Assoc Stand Oil Shares
2
Axe-Houghton Fund Inc
1
Holding Corp
AAmerex
Ask
New
York Fire
1
21.82
23.44
Building supply
7.50
8.25
City of New York
10
17
19
North
*
13.26
14.24
Chemical
8.27
9.10
Connecticut General Life
10
48%
50 %
Northeastern
Equitable Invest Corp (Mass)-fl
Equity Corp $3 conv pfd
1
31.33
33.69
Electrical
8.27
9.10
Continental Casualty
5
39 %
41%
Northern
40
41
Insurance
9.85
10.83
30%
33
Pacific
Fire
25
97%
102 %
8.50
61%
Pacific
Indemnity Co
10
47%
49%
19.22
10.70
Machinery
Fidelity Fund Inc.—
—*
Financial Industrial Fund, IncFirst Mutual Trust Fund
B
Fixed Trust Shares A
10
Foundation Trust Shares A—1
Fundamental Invest Ino
2
Fundamental Trust Shares A__2
Metals
6.31
10
81%
85%
1.87
2.06
Oils
9.95
10.94
5
14%
15%
5.45
6.08
Railroad
5.66
10
2
33%
36%
Fund
Stock
10.15
3.75
25.28
4.87
5.63
North
134
6.24
Fire Assn of Phila
10
8.09
Fireman's Fd of San Fran
6.87
Firemen's
39%
Glens Falls
5.51
5.94
Series 1956
1
2.72
Globe
Globe
&
Putnam
2.38
14.14
15.20
2nd
57c
1
Fund
(Geo)
52c
86%
90%
11%
12%
25%
27%
8
47%
Fire
St Paul Fire & Marine new_12%
69%
19
Seaboard Surety
10
44%
46%
45%
Security New Haven
10
35%
.37%
Springfield Fire & Marine
25
116%
19%
21%
Standard Accident—:
77
81
Travelers
28%
30%
U S
10
27%
29%
U S Fire
10
95%
99%
U S Guarantee
42%
45%
Westchester Fire
27%
6.72
Quarterly Inc Shares
10c
6.68
7.28
Hartford
8.33
Republic Invest Fund
1
3.41
3.74
Hartford Steamboiler Inspect.,10
;5.70
6.27
Scudder, Stevens & Clark
Home
Hanover
*
93.08
2%
9.96
1
Sovereign Investors
1
6.13
Spencer Trask Fund
•
14.82
15.80
42.43
45.60
5.66
Selected Amer Shares—
7.85
Selected
8.20
9.01
Industrial Machinery shares—'
6.99
7.69
Investing
8
Income Shares
State Street Investment Corp
6.63
'•7.29
Low Price Shares
6.03
6.64
Super Corp of Amer AA
Merchandise
6.64
7.30
5.15
5.67
ASeries
6.05
6.66
A Series
shares.^.
Mining shares
:_£**
Petroleum shares—.^—.—
shares
Railroad
3.69
,4.96
1
2.39
Atlanta
1
2.27
Blackstone
5.90
Central
Pow
6.67
Florida
Power
Corp
Fund
Foundation
Income
D
Fund
1
22c
Series
Incorporated Investors
5
Independence Trust Shares
•
Institutional Securities Ltd—
22.43
24;12
2.31
of
Co
3%S
Mengel
National Container 5s
16.63
J
8.00
16.94
102%
100%
1959
99%
1959
100%
50
72
77
32%
2.50
34%
Bid
105%
Okla
Banking
2%s
103%
1961
104%
101
2%s
Gas
109%
109 7/s
Puget Sound Pow & Lt—
4%s
1972
109%
110
Quaker Oats 2%s—
_1964
Diego Gas & El 3%s__1970
South Carolina Elec & Gas—
100%
100%
111%
112%
San
108%
1972
3%s
Power 3%S__1968
Southern Colo
1953
105
104%
1959
k—
1968
108 %
108%
105 %
105%
106 %
106%
1958
105%
106 V8
Sunray Oil 3%s
Utah Power & Lt
3%s
West Penn Power 3s
Line—
debs
107
106%
1973
Public Service (New Hampshire)
3%s series A
1973
3%s series E_*_
Virginia Elec & Power 3s_„1974
.1974
1973
Natural
Ask
(Indiana)—
Public Service
'>;■
101%
105%
Panhandle Eastern Pipe
Investment
'
102%
Pow & Lt 3s
1974
Northern Indiana Public Service
Co
3%s
18.61
108%
New Jersey
1.79
1
106%
108%
106%
1974
3s
7.56
—
—
105%'
103%
A,
1979
Lt
&
8.75
-
100%
101%
York
Corp. 4%s
-
Corporations
shares——
America—10
1.02
1.13
25.57
27.79
ABlair
&
13.19
13.48
AFirst
Boston
Investors Fund C
Pow
20.34
u—
B
B
99c
108
3%s_1974
v
Louisiana
6.92
1
Insurance Group
4%s
25.61
22.74
11.07
90c
85c
20.80
*
103
1974
18.61
2.60
10.10
shares
76c
24.83
.
Wellington Fund
Bank Group shares
47%
Ask i
103 %
105%'
,_1973
3%s
Florida Power & Light
■.
102%
1973
3%s
& Lt
U S El Lt & Pwr Shares A
1.59
Investment
C-..——
Union Stock Fund
1.46
25o
A
:
,.1963
Valley Gas & El—
Light 3s
Union Preferred Stock Fund
34c
10c
Aviation Group
series
B
Gas
3s
Ipdustry Shares
Bond
Union
Inc
Common
Bid
C
Series
AHuron Holding
39%
4
10
2.40
Trusteed
4.96
4.50
shares—
Utility
4.86
4.50
Tobacco shares,
489
37%
Recent Bond Issues
1
ASeries A—-*.-..1
ASeries B
1
4.66
4.41
Steel shares—
61
474
10.86
Trustee. Stand Oil Shares—
4.07
4.23
Equipment shares
RR
58
100
94.16
Trustee Stand Invest Shs—
.——.
—10
Fidelity & Guaranty Co__2
"6.71
10.44
7.14
bond shares
122
4.18
9.50
.5.14
Administered shares—.
Fire
72%
29%
com.
6.83
Fund, Inc
9%
8
Rutgers Fire Ins.
American
7.58
.
8%
5
6.11
Equipment
23 %
50%
6.21
shares
29%
21 %
43
7.54
shares
6%
27%
10
17
6.86
shares
4%
10
Republic
(Texas)
Revere (Paul)
Fire
preferred
Great
Providence-Washington
Reinsurance Corp (NY)
10
& Republic
1
64 %
6%
94%
90
8
2.82
10c
60%
Phoenix
Preferred Accident
140
5
1
shares
49%
10
Newark
Fire
Series 1955
Trust
x57%
—12.50
5
of
Franklin
General Reinsurance Corp
Gibraltar Fire & Marine
shares
Food shares
.
20
2.15
Amer
Series
Plymouth Fund Inc
Electrical
'
Fidelity & Deposit of Md
*
—1
Trust
Chemical
General
46
1953
Building shares
Fully
10
7.35
Series 1958
Aviation
Federal
36.88
Group Securities—
Automobile
10
6.95
34.30
General Capital Corp
Agricultural
9.35
Employees Group
Employers Reinsurance
6.24
North Amer Bond Trust ctfs
4.49
B
General Investors
»
stock
Railroad equipment
Steel
~4.35
23.07
equipment
River
Co
1
3'A
10
Corp
2%
31%
32%
Quotations For U. S. Treasury Notes
Figures after decimal point represent one or more
New York
Par;
Bank of the Manhattan Co.
Bank of New York
10
100
Bankers Trust
10
Brooklyn Trust
100
Central Hanover Bank & Trust 20
Chase
City Banks & Trust Cos.
'
Bid
23%
425
413
51%
99
104
103 'A
106%
15
38%
40%
10
50%
53%
47%
49%
Bank
Commercial National Bank &
Trust
Co
National
Grace
100
100
Irving Trust
Kings County Trust
Lawyers Trust
10
—
Manufactures Trust Co
com—20
51%
20
100
51
252
36%
Conv
preferred
Morgan (J P) & Co Inc
National City Bank
York Trust
12%
Ask
41%
53%
53
262-
Int. Rate
Certificates
of
Sept.
100.3
t%s
1945
%%
100.8
100.10
t%s Oct.
1945
IV* %
100.9
100.10
t7/8s Dec.
1944
__
1945
tMar 15.
1946——.
1
100.5
100.6
tDec
1946
1%%
100.28
100.29
t'/es Apr.
1%%
100.10
100.11
t7/eS May 1, 1945
1%%
100.26
100.27
t%s June
1%%
100.15
100.16
t7%s Aug.
15.
99.29
tMar 15 1947
_
tSept.
15,
15,
1948
—
1947
tSept.
_
_
_
%
99.30
0.06%
b0.16
b0.39
b0.63
b0.74
b0.75
b0.76
b0.76
b0.77
1944
tDec. 15,
15,
Ask
Bid
Indebtedness—
1,
100.2
1, 1944
1, 1944
t%s Feb. 1, 1945——
t0.90s Mar. 1, 1945———
Mar 15,
tMar
341
16%
32ds of a point
Maturity—
Ask
100.2
%%
tSept. 15,
Bid
200
333
15%
100 1,610
25
38%
Guaranty Trust
53%
—————20.
National
Chemical Bank & Trust
Par
:,As*.
24%
Bid
Int. Rate
Maturity—
-Sep 15, 1944
'
1, 1945
1 1945——1
0.35%
0.61%
0.72%
0.73%
0.74%
0.74%
0.75%
0.78%
bO.SO
1, 1945
38%
21%
22%
New
25
97 %
101%
Exchange Bank & Trust-20
48%
Empire Trust
j
;
50.
79
First National Bank—
ulOO. 1,635
50%
Public Nat'l Bank & Trust—17%
41 %
43%
83-
Title Guarantee &
10%
Continental
Bank
&
Trust—10
Corn
Fulton
Trust
100
172
1,675
Trust
United States Trust
12
100 1,410
Obligations Of Governmental Agencies
11%
1,455
Bid
185
tl%%
Feb
Bid
Ask
Ask
Federal Land Bank Bonds—
Commodity Credit Corp—
100.4
15,1945
3s
100.6
102%
1955-1945
102,7,
38
Federal Home
0.85s June
Loan
15,
b0.9O
0.75%
Jan.
1,
1956-1946
103 §1
103 33
Ss
Bank—
1944
May 1,
1956-1946
104%
104 33
103% '
103 7/8
106
106%
133
134%
Issues
Other
Federal Land Bank Bonds—
Reorganization Rails
(When,
Bonds—
Akron
4s
Bid
.
Canton
series
&
as
Ask
1988
92%
94
1988
95%
97
1st 4s
1983
2nd 4%s
82
83%
2003
_
56
Stocks
Inc
Bid
—
4%s
Canton
&
2014
...
108%
109%
Youngstown—
42
84
United States Treasury
43
5% preferred
85
——
Rates
1994
17
104%
Preferred
18
44 %
Common
103%
17%
18%
44%
45%
Aug. 31, 1944-
46%
15%
16%
74
75
Aug.
Gen
income
4%s B
59%
60%
Aug.
1st 4s
1994
Conv
Denver
income
&
Income
Rio
1st
Gen
Paul
income
mtge
103%
69%
70%
&
2018
Saulte
4%s
4s
61%
62%
199?
Ste
5%
100
preferred
September 7, 1944
Denver
Rio
&
Grande
com
Preferred
Grande-
4%s
1st 3-4s income
Minn St
102%
2019
4%s
Chicago Rock Island & Pacific—
*
85%
86%
1971
1991
Minn
St
Free
v
Paul &
t
Sault Ste
c
108%
79
109%
80
Western
Pacific
Preferred
M-
•No par
1%
Optional v t c
M—
common
0.34 %
b0.37
0.34%
b0.375
0.35%
b0.375
0.35%
b0.375
0.35%
47%
4%s A—2019
Common
0.33%
b0.37
September 21,
September 28,
0.28%
0.30%
0.32%
0.32%
20%
Aug.
income
Chicago Rock Island & Pacific—
b0.37
b0.37
b0.37
b0.37
b0.37
b0.37
1944
1944
1944
1944
3,
10
17
Aug. 24,
Ask
0.33%
b0.37
Ask
Treasury bills—
45%
Gen
2019
•
Bid
b0.37
19%
-
Bills
quoted are for discount at purchase
Bid
Chicago Milw St Paul & Pacific
1st 4s
Canal 3s
Pacific—
mtge
Akron
1948
1947
1961
U S Conversion 3s
Ask
58
Chicago Milw St Paul & Pacific
102-fr
Panama
Common /— —————
Chic Indianapolis & Louisville—
102%
1955-1945
and if issued)
Western
Youngstown—
A
4%s series B
3%s
U 8 Conversion 3s
2
33
34
69%
70%
k Removed
x
value,
Ex-dividend,
tions not
a
Odd lot sales,
to Stock Exchange,
y
Ex-rights,
r
0.32%
0.33%
b Yield price,
d Deferred delivery,
Canadian market,
tin default.
furnished by sponsor or Jfcsuer.
s
e
Ex-interest,
f Flat price,
Cash sale—not included in range for year,
iThese bonds are subject to all
Federal taxes.
AQuota-
THE COMMERCIAL &
464
Monday, July 31, 1944
FINANCIAL CHRONICLE
Week
THE COURSE OF
BANK CLEARINGS
West
Virginia—Huntington—;
Virginia—Noriolk
from the chief cities
clearings for all
clearings will
be 15 3% above those for the corresponding week last year.
Our preliminary total
stands at $10,001,204,750, against $8,676,489,751 for the same week in 1943.
At this
center there is an increase for the week ended Friday of 22.3%.
Our comparative
for the week
Chicago
„
— ——
City
Kansas
\
I
22.3
4
10.9
Total all Cities for
+ 16.3
168,852,399
—
115,032,179
+
$5,808,004,989
+16.8
1,329,956,780
$7,137,961,769
+
16.8
1,666,867,458
1,538,527,982
+
SUMMARY OF BANK
1944
Districts
Week Ending July 22
York
New
3d
Philadelphia
—
—_
5th Richmond
———
6th Atlanta
7th Cuicago
Louis...
8th St.
9th
Minneapolis
_____—
City
10th Kansas
11th Dallas
——
Francisco..
12th San
$
:
111 cities
Total
?
add
our
9.3
Total
$8,676,489,751
+15.3
New
(12
cities)
Terre
63,560,901
60,509,376
+18.4
269,174,840
234,915,102
334,865,154
2,569,873
111,161
586,028
510,393
369,472
4,225,305
+
46.6
3,622,089
3,650,863
2,234,653
+ 60.6
2,625,396
2,042,437
2,739,666
27,510,000
3,568,625
8.6
—
10.7
+
2,468,655
2,102.334
6.9
24,495,000
24,488,000
6.5
2,826,811
+
—
2,645,601
7,770,367
+
17.4
7,254,305
6,587,584
31,636,304
+
11.2
26,157,954
21,560,782
1,844,080
+
8.6
1,643,274
1,312,273
14,525,527
+
5.0
13,042,419
10,242,325
6,260,756
—
2.1
5,147,848
4,417,659
+
7.1
437,446
484,957
363,468,762
380,765,326
1,503,597
1,159,416
6,351,931
4,802,230
+
32.3
4,442,749
4,285.063
2,535,723
1,793,838
+
41.4
2,275,771
1,845,953
Springfield--—
2;662,320
1,906,717
+33.6
1,445,713
1,615,403
644,225,192
576,517,381
+11.7
463,368,382
469,575,443
21.5
129,000,000
115,400,000
Total
..
(17 cities).
Eighth Federal Reserve District—St. Louis—
Missouri—St. Louis
198,300,000
163,200,000
+
77,279,802
:
+
26.8
50,861,335
52,301,153,
+
32.2
26,801,968
25,355,417
+
8.1
832,000
557,000
43,757,552
60,948,501
33,101,197
>1,100,000
1,018,000
320,437,354
Kentucky—Louisville
258,267,698
_
Tennessee—Memphis
Illinois—Quincy.
Total (4 Cities)
Federal
Ninth
Reserve
4,507,841
North
4,285,866
142,454,362
128,883,654
50,516,762
3,378,746
1,761,434
1,340,510
4,616,774
45,944,002
Dakota—Fargo
South
Dakota—Aberdeen
252,894,059
188,567,666
396,513.491
334,865,154
+ 18.4
269,174,840
234,915,102
463,368,382
193,613,570
207,495,303
+24.1
5.2
4,014,326
3,586,143
+10.5
96,333,418
86,721,483
+
9.9
36,688,236
29.514,941
+
+
469,575,448
576,517,381
+ 11.7
258,267,698
188,450,902
+
24.1
207,495,303
+
10.7
146,343,527
313,281,126
303,385,477
+
3.3
218,173,166
128,322,993
187,411,664
644,225,192
'320,437,354
8
135,082.743
131,996,558
+
2.3
86,573,293
469,334,428
+
10.1
413,237,663
332,464,266
10,706,589,712
8,080,210.013
3,701,382,262
———
Montana—Billings
Helena
Total
•
+V:-
__—
v' +
*
-
^
1,407,137
+44.4
934,677
949,348
3,859,220
+ 19.6
4,184,468
3,577,600
188,450,902
+10.7
146,343,527
128,322,993
"
•
'1,098,737
:+■ + +■;
+ 32.5
6,821,256,238
6,416,183,419
+ 23.4
3,386,338,294
3,086,570,507
figures for each city for the
1944'./.
167,702
197,842
Hastings————————-—309,792
237,622
Nebraska—Fremont—
1
Lincoln
$
1941
1942
Inc. or
355,245,371
329,773,757
1,011,117
4,363,924
334,661
5.5
605,937
8.9
4,476,890
1
6,167,557
1,170,694
799,025
Joseph
+
4.4
295,474,165
+
6.7
773,598
918,249
+ 50.3
297,093
+
2.7
4,511,439
—
3.3
•v.
334,809
752,134
762,282
4,087,424
2,897,893
+
71,968,081
d
&
4.5
.
+
54.2
209,792,173
5,831,355
4.2
154,815,294
2,589.181
+
5.8
4,408,308
947,188
+ 23.6
1,242,335
>907,150
—11.9
1,164,100
3.3
i
5,290,067
+
,
3,303,224
9.8
2,149,393
2,419,247
3.4
11,341,772
12,055,945
17.4
5,289,219
5,120,754
14,394,600
14,716,200
—
—
5,345,775
+
15,055,700
+
9.6
509,565
+ 31.1
390,081
517,632
377,234,327
8.0
340,187,105
218,173,166
+
4,653.901,
136,442.112
V
3,404,211
yr
313,281,126
(10 cities)
303,385,477
V;
>/
+
187,411,664
Dallas
*2,200,000
——.
109,571,000
13,687,314
3,034,000
1,268,566
-
-
-
Fort Worth_i
*-
■
:
2,085,292
+
+
2
Louisiana—Shreveport
8,777,502
-
2,857,000
+
+
1.9
131,996,558
+
93,611,138
+
7.3
1,928,258
71,802,140
+
23.2
+
7.6
22,718.815
+
27.9
20.1
+ 34.3
2,262,000
2,091,000
6.2
1,245,007
3,962,044
5,321,863
—
2,142.968
69,865,054
8.9
2,375,534
—
Falls
1,719,350
10,005,276
0.3
+
67,706,176
5.5
109,274,642
12,572,613
100,465,306
Galveston
Wichita
'
Federal Reserve District—Dallas—
Eleventh
Texas—Austin.—
Total
135,082,743
(6 cities)
Federal Reserve District—San
855,405
1,205,550
4,196,086
3,862.037
86,573,293
88,115,120
90,551,482
,
6,401,975
+ 55.0
10,005,592
5,500,052
1,906,552
23.6
1,165,788
1,227,673
64,300,000
+ 31.4
48,100,000
46,400,000
939,373
+ 17.5
993,750
705.359
851,501
+ 11.8
732,653
939,537
4,218,870,026
10,026,136
+ 42.4
3,305,372,496
3,207,397,670
+ 19.4
7,797,516
6,241,400
2.1
4,753,304
7,004,410
+
9.1
6,278,909
5,846,470
376,653
+
2.3
378,135
5.8
20,076,795
20,338,904
29,263,006
Yakima
77,269,856
58,212,119
Oregon—Portland
29,064,235
1,404.388
1,056.098
68,199,169
50,018,970
20,267,760
5
17,034,965
355,413
9.1
2.3
Francisco—
Washington—Seattle
27,205,344
25,675,669
27,248,417
37,817,314
34,661,308
6,200,164,761
-
; +
Utah—Salt Lake City__
—
4,378,827,751
3,434,917,944
+ 41.6
+
257,170,407
+
1,690,435
+
15.8
992,261
4,589,779
+ 15.8
3,419,862
516,686,297
469,334,428
+10.1
' 413,237,663
332,464,266
10,706,589,712
4,566,424,951
8,080,210,013
+
32.5
6,821,256,238
6,416,183,419
3,701,382,262
+ 23.4
3,386,338,294
3,086,570,507
4,651,633
Pasadena
San Francisco
8,706,678
1
San
4,989,812
Santa Barbara
1,986,406
Stockton
5,315,698
Jose
Total
,
(10 cities)
3,329,612,912
4,670,555
6,010,431
8,190,843
3,482,561
279,534,864
6,185,187
9,837,578
i—
California—Long Beach
—
(111 cities)
Outside New York
4,150,052
+ 33.6
2,313,554
3,095,155
8.7
216,549,000
190,170,000
+ 49.0
3,529,756
3,712.301
1,350,665
>
♦Estimated.
District—Philadelphia—
730.212
746,607
623,982
+ 51.7
422,566
6.4
632,966
6.4
517,149
466,855
+ 16.4
1,489,771
1,379,931
—
+
619,305
1,774,316
'
Scranton—
Wilkes-Barre
___
—.
_____
1,524,086
604,000,000
+
4.1
513,000,000
488.000.000
1,773,381
1,769,713
+
0.2
1,545,372
1,789,871
2,704,579
i
Readily?-—
New
734,881
629,000,000
Lancaster
York—
481,340
687,491
794.269
Bethlehem-x
Chester
2,133.302
+ 26.8
1,996,746
2,381,119
1.471,466
1,528,307
3.7
1,390.925
1,184,381
1.800,941
1,946,718
7.5
1,736,230
1,416,427
3,966,400
—
—
4,661,500
Jersey—Trenton
4,590,900
+
1.5
3,237,400
645,398,155
619,455,854
+
4.2
525,969,125,;
Note—Canadian Bank
of Dec.
31,1943.
!1
(10 Cities)__
501,828,271
_____
Cincinnati
Column's
—
„
4,454,186
3,345,435
+ 33.1
3.224,801
3.035,208
120,675.946
—_
102,375,227
+
17.9
87,422.850
78,931,721
228.077.767
—_
Cleveland
210,993,543
+
8.1
176,277,859
160,770,045
•—31.3
11,958,600
11,739.200
16.712,500
24,335,900
Mansfield
2.251,192
1,983,190
+
13.5
2,558,464
Youngstowii
4.361,829
3,557.990
+ 22 6
3.485,744
3.771.511
257,921,069
242,389,139
*+
6.4
217,651,909
175,812,028
634.454.489
588,980,424
+
7.7
502,580,227
436,667,161
Pennsylvania—Pittsburgh—
Total
(7 cities).
•
2,617,448
1944, page
General Meeting of the Canadian
direction was given that clearings
Association
returns be
discontinued
on
Dec. 31, 1943, in view of the
that it had been obvious for some
Fourth Federal Reserve District—Cleveland-
Ohio—Canton
Clearing were discontinued as
As noted in our issue of Jan. 17,
250, at the last Annual
Bankers
Total
578,371
810,235
i:r
318,089,246
385,440
Pennsylvania—Altoona
146.264
■36,293,056
2,673,658
6,312,353
,
;
2,404.791
45,070,585
3.2
—
89,542
147,473
217,384
3,143,963 ?
8.2
—
3,375,638
-"
,
30.4
2,309,277
7.640,944
_______
City
3,816,075
—15.2
—
275,010,646
1,050,592
15,489,691
—_.
—
Pueblo—
775,780
+
—
6,109,400
Jersey
—.—.——
Wichita
Total
11.969,323
Philadelphia
:+
$
Dec. %
690,322
3,503,262
69,681,592
3,225,132
9,735,720
218,520.650
.
Kansas—Topeka
Colorado—Colorado Springs
July 22
Ended
1943
3,461,708
—
Reserve
+ :; >++
Tenth Federal Reserve District—Kansas City—
Missouri—Kansas
6i, 006,907,332
Federal
2,874,741
2,781,265
+ 21.8
928,624
208,576,429
(7 cities)-—————-———.
+.:'■+
s>[
8.9
1,445,930
3,103,606
88,115,120
516,686,297
—
Paul
St.
193,613,570
208,576,429
Minneapolis
Grand Total
Third
s
District—Minneapolis—
Minnesota—Duluth__.
436,667,161
951,921
Cities)
14.8
+ 38.2
508,828,271
Jersey—Montclair
(12
+
+ 11.5
213,229,663
Connecticut—Stamford...
Total
77,177,658
30,111,630
"
486,748
502,580,227
28,794,912
__
139,315
141,909
Rockford
$
1,103,579
__
4,568,372
52.1
Peoria
1941
71,352,000
Newark
36,840,457
13.4
+
1,231,360
525.969,125
—
Northern New
38.8
+
463,395,177
7.7
Rochester
New
+
4,502,085
521,452
Decatur———————
4.2
1,456,927
__
38,046,247
1,701,424
Chicago——.
12.4
_
Syracuse
25,902,000
516.694,622
Illinois—Bloomington
+
407,423,545
York
30,370,252
6,130,216
+
Jamestown
New
40.5
15,245,146
Sioux City
+
Buffalo
Elmira
1,248,479
+
2,002,212
Rapids
588,980,424
York—Albany—
Binehamton
1.594,851
44,633.373
9.125,804
,
Moines
Des
Twelfth
New
3.9
35,164,734
Haute
Iowa—Cedar
318,089,246
Reserve District—New York—
Second Federal
40.5
3,033,501
Wisconsin—Milwaukee
619.455,854
2,613,145
'14,954,807
6,275,318
..>16(500,800
./>;;v.'tyr667,803
—
1,429.407
1,708,253
+
+
3,337,376
634,454,489
284,346,994
—
Hampshire—Manchester
Total
+ 19.3
1,865,234
29,399,000
;_
645,398,155
!
.—
95,900,000
81,700.000
3,588,316
Indianapolis
South Bend
3,329,612,912
1,079,355
502,957
1,338,094
Haven
26,030,957
1,862,671
390,513,491
Indiana—Fort Wayne—
3,434,917,944
River
Island—Providence
5,302,219
28,866,725
52,823,070
5,106,953
—i—;
8.0
'728,384
Worcester
5,625,120
12.9
+
535,704
41.6
3,153,587
Connecticut—Hartford
124,200,000
—11.1
88,596,754
Lansing—
$
Dec.
$
District—Boston—
—
9,375,479
33,063,092
6,195,711
+
Lowell
New
188,567,666
1,938,593
Rapids
+
Portland
Rhode
*
Federal Reserve District—Chicago—
377,234,327
Maine—Bangor
Bedford
213,229,663
211,861
4,378,827,751
$
Springfield
12.4
—„
407,423,545
Clearings at—
New
+
——
(10 cities)—.—
Grand
1942
Inc. or
1943
Week
Fall
252,894,059
—
Seventh
CLEARINGS
detailed statement showing the
Massachusetts—Boston
284,346,994
50,755,241
6,200,164,761
•
Federal Reserve
29,301,477
Louisiana—New Orleans
St.
First
103,023,247
28,426,564
Mississippi—Vicksburg
1.8
for four years:
week ended July 22,
1,471.757
117,620,637
14.5
8,334,899
—
Omaha.
now
::
1,789,870
•
11.7
37,329,644
340,187,105
4,566,424,951
Outside New York City
We
+ 12.5
+
Michigan—Ann Arbor
'
12 cities
12
"
10
"
7
"
6
"
10
"
17
"
4
"
7
"
10
"
6
"
10
"
4th Cleveland
3,617.000
50,471.450
8.3
$10,001,204,750
week
Reserve
2d
682,735
r
+
.
Mobile
and the Saturday figures are
1st Boston
-
6,947,000
57,633,989
Federal Reserve District—Atlanta—
Alabama—Birmingham
21.7
not available at time of going to press.
Accordingly, in the above the last day of the week in all cases has to be estimated.
In the elaborate detailed statement, however, which we present further below,
we are able to give the final and complete results for the week previous—the week
ended July 22.
For that week there was an increase of >32.5%, the aggregate of clear¬
ings for the whole country having amounted to $10,706,589,712, against $8,080,210,013
in the same week in 1943.
Outside of this city there was a gain of 23.4%, the bank
clearings at this center having recorded an increase of 42.4%.
We group the cities
according to the Federal Reserve Districts in which they are located and from this
it appears that in the New York District (including this city) the totals show an
expansion of 41.6%, in the Boston Reserve District of 8.0% and in the Philadelphia
Reserve District of 4.2%.
The Cleveland Reserve District enjoys a gain of 7.7%,
the Richmond Reserve District of 12.4% and the Atlanta Reserve District of 18.4%.
In the Chicago Reserve District the totals are larger by 11.7%, in the St. Louis Re¬
serve District by 24.1%, and in the Minneapolis Reserve District by 10.7%.
In the
Kansas City Reserve District the increase is 3.3%, in the Dallas Reserve District
2.3% and in the San Francisco Reserve District 10.1%.
In the following we furnish a summary by Federal Reserve Districts:
Federal
811,603
>
12.7
+
+16.7
+
Complete and exact details for the week covered by the foregoing will appear
in our issue of next week. We cannot furnish them today, in as much as the week
ends Saturday
1,754,259!
;
+12.6
36,410,329
Florida—Jacksonville..
+15.4
$8,334,337,292
-
131,300,000
213,866,000
185,010,311
1,551,178,645
five days
day
one
,
41,690,797
'
Macon
0.2
$6,783,158,647
five days
days
Total all cities,
Ail cities,
%
138,783,690
Georgia—Atlanta
,
148,800,000
■.v.Augusta-*—2,016,476
2.2
+
125,770,450
cities,
68,534,032
6,249,000
1,973,838
(6 cities)
Nashville
0.6
+
—
165,879,699
Other cities, five
i ji
501,000,000
270,708,983
175,861,257
+
151,500,000
Baltimore
Ten
354,194,833
225,121,390
Pittsburgh
!.
$3,692,179,027
248,800,000
Louis
Francisco
Cleveland
IJ:
.
...
154,973,658
Tennessee—Knoxville
504,000.000
Boston
San
1941
"■
$
%
1943
1944
$4,517,225,228
392,626,641
276,755,725
175,479,514
Philadelphia
St.
Total
+ 24.3
1,162,749
77,229,129
+
Carolina—Charleston
Maryland—Baltimore
.
District of Columbia—Washington..
Sixth
Telegraph
29
York
New
i
1942
i
or
Dec. °!o
1,445,572
7,034,000
•
Richmond
South
July 22
Inc.
follows:
Clearings—Returns by
Week Ending July
Ended
1943
1944
Federal Reserve District—Richmond—
Fifth
liminary figures compiled by us, based upon telegraphic advices
of the country, indicate that for the week ended Saturday, July 29,
cities of the United States from which it is possible to obtain weekly
summary
.■.'.V-'Cv.
$
increase compare^ with a year ago. Pre¬
this week will show an
Bank clearings
v
■'
not
correctly reflect business activity, for the reason
intra-bank items do not pass
fact
time that the figures did
that
through the-clearing houses.
3,143,438
Volume 160
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4303
/Date
157
•
& Electric Bldg.,
Gas
Webster
preferred stock
Eisenlohr, Inc., 7 7o
issue,
this
tin
Aug
Volume
1
$2348
Foster
67c
called under sinking fund provisions.
DIVIDENDS
The date indicates the redemption or last date for mak¬
Dividends
ing tenders, and the page number gives the location in
which the details were given in the "Chronicle."
first
NOTICES OF TENDER
/
"
Company and Issue—
Baumann
(Ludwig)
Co.-Ludwlg
&
which
Brooklyn
Baumann
3V*7c, due 1971
-Aug
3V*%, due 1968—
Aug
:
1st ref. mtge. bonds, ser. P, 3%, due 1969—i
Aug
1st ref. mtge. bonds, ser. Q, 2%%, due 1976
—Aug
Hudson River Day Line, 2nd mtge. 67c
20-yr. income
bonds, due 1956
—
Aug
Long Beach Gas Co., Inc., 1st mtge. 5s, due 1946.——Aug
Paramount Motors Corp., capital stock—
—Aug
*
-
3
4
1
Fruit
Power
v
Corp.,
ref.
&
1st
July 31
Aug
—
1
Celotex Corp.,
——
Can
American
& Foreign Power,
219
bonds
1
5
1
1
1
1
1
{2300
Electric
Auto-Lite
Proedert Grain
3 Vs%
Great
57c
&
Lakes
Aug
due
Power
3
Co., Ltd.—
Houston Oil Co. of Texas,
1957
5
1
Aug
ser.
118
{2520
{2304
A,
lien
July 31
———^
-
1
1
1
1
Aug
Aug
Sep
Aug
.
118
{2304
{2417
328
.13
,
Aug
1
13
Philadelphia Elec. Pwr. Co., 1st mtge. 5Vas, due 1972—Aug
'Philadelphia Rapid Transit Co., 5% collateral trust
1
50
1908
;
Louis Public Service
Co.,
pfd, stock, ser. D—Sep
5% bonds
—Sep
1st mtge.
1
mortgage
4'/2S,
due
1947
Co.
Tobacco
class
B
1
4
47o
preferred (quar.)
Anaconda Copper Mining
Co
Andes
Copper Mining
Atlanta
West
&
Tack
Point
Corp.
//
Cadwell
&
Bethlehem
77c
Blauner's
Eourjois,
77c
Brooklyn
123
0
123
Buell
Falls
Die
67c
30-yr.
due
sinking
1958
First
lien
lien
First
Central
—
Machine
&
57c
Page
1
20-yr. 5%
York
{2513
{2513
1
1
9- 1
9- 1
9- 5
8-15
8-15
7-31
9-1
9-1
8-3
com.
75c
8- 1
7-24
—
87V2c
8- 1
7-24
pfd. B (quar.)
37'/2c
$20c
8-15
9- 1
9- 8
7-31
(interim)—
Dry Ginger Ale——
Brothers,
Dominion
&
gold bonds, series B, due 1948—Aug 14
Corp.—
bonds, due 1965
Aug
1st mtge. 4%
1
-
1
1
1
Light & Power Co.—
1st and ref. mtge.'3Va% bonds, series F, due 1966—Sep
1
Derby Oil & Refining Corp., $4 preferred stock———Nov 15
{2299
{2516
Chemical
Co.,
Ltd.—
Hudson
River
3Vi%,
series
A
—
debentures, series A
Aug
Aug
...
,
preferred stock.
Day Line,
1st mtge. 6s,
due
Oct
1946———Feb
1
1
mtge. bonds, series A, due 1953
Oct
1
1st mtge. 5 7c bonds, due 1967—Aug 24
...
National Container Corp. 15-year
5Vz7o debs., due 1952_Oct
1
Pennsylvania Co., 4% secured bonds due 1963—
Aug
1
Peoples Gas Light & Coke Co.—
Ref. mortgage 5% bonds, due 1947
Sep
1
Providence Gas Co., 1st ratge. 4s, series B, due 1963—Aug 15
Rochester Button Co., preferred stock
Sep
1
Scranton-Spring Brook Water Service Co.—
1st mortgage & ref. 5 7c bonds, series A, due 1967—Dec 31
1st mortgage & ref. 5 7c bonds, series B, due 1961—Dec 31
Simpsons; Ltd.—
1st mtge. & collat, trust serial 3Vi7o bonds, ser. A,
mtge. & collat. trust 4%
Signal Co.,
7-15
9-20
9-20
10-16
8-15
9- 1
8- 2
25c
9- 1
8-15
7-20
7-20
65c
8-
1
5c
8-1
$1.30
$1.50
9-15
8-15
{2637
*
{2234
{1766
{2308
$2675
228
$2678
Y.) (quar.)
(quar.)—
(quar.).———
(N.
Molybdenum
Extra
51
51
{2528
bonds, ser. A, due 1951_Aug 15
$2528
1
Oct
1
$2124
1st mtge. 6s ser. A, due 1945_Aug
1
$2679
1
1
$2679
124
1
53
53
*
i
-
Temple University, 1st lien & ref. 6s_
Temple University-Greatheart Society, Inc., 67c
—
Pacific
Terminal
RR.
—Aug
bonds—Oct
of
$2237
New
Orleans, 1st mortgage 5V2S, series A, .due 1964———Sep
Texas Telephone Co., 1st 4s, ser. A, due I960—
Aug 23
Tide Water Associated Oil Co., serial notes due 1945-46_Aug 15
$1
50c
20c
' 50c
$1.75
$1
Quarterly
Ltd.—
Corp.,
——-
—
Telephone, $5 pfd. (quar.)_
Connecticut Power (quar.)
—
Consolidated Amusement Co
Consolidated EdisOn Co. of New York Inc.—
Consolidated Gas
Electric Light & Power
(quar.)—
4Vi7c preferred B (quar.)
47c preferred C (quar.)_—■.
Consumers
Glass.
9-30
9-15
8-25
8- 4
4c
8-15
7-15
$1.25
56Vic
{30c
9- 1
9- 1
8- 1
9-15
8-"U,;
8-15
7-20
8-11
Ltd.
-
"
,
Gulf
Oil
Corp.
40c
/. i: ,-;:
10- 2
10- 2
10- 2
90c
—
$1.12Ms
—
$1
{15c
{50c
10- 2
8-31
37>/2c
{30c '
25c
$1.25
50c
$1.50
7-28
8-15
9-20
9-15
8-10
10- 2
—
common
(quar.)—*—
Insurance
9-15
9-15
9-15
9-15
7-28
(Wilmington, Del.) (quar.)—
—
Cosmos Imperial Mills (quar.)
——Crane Co., common (quar.)
——_
preferred (quar.)——-——
—
Crompton & Knowles Loom Works, common67<> preferred (quar.)——
57c
,
Deere & Co., common
——
preferred——
35c
$19.50
$1.75
Diamond Match Co., common——37V2c
67c
participating preferred (s-a)—
75c
Dodge Manufacturing Co. (quar.)
—
25c
Dominion Bridge* Co., Ltd. (ouar.)
{30c
preferred
Investments—
57c preferred (accum.)
Prar'kett Companv (initial)
Electric Hose & Rubber——
Eversharp, Inc., common (quar.)_
dividend
^——:
(quar.)
Extra
—
Fall River Gas Works
(quar.)
8-15
9- 1
8-15
11-15
--
8- 1
9-1
3-1-45
.
8-15
7-^6
8-11
2-9-45
8-25
8- 7
7-31
*50c
9- 1
8-1
——--
—
12Vic
$3
30c
5%
25c
65c
8-15
8-25
10-15
10- 4
10-15
10- 4
25c
40c
10- 1
9-30
9-1
9-1
8- 1
8- 4
8-15
9-19
9-11
8-11
8-11
7-25
8-14
8-14
6 7c
Mines,
C.)
non-cum.
17c
non-cum.
Motor
(Tom)
partic.
Steel
8-11
I5C"
9-
1
8-4
10c
9-15
8-25
9-
1
8-11
$1.12 Va
10- 2
9-15
8-25
8-15
45c
9-
1
8-15
834c
9-
1
8-15
9-
1
8-17
15c
Products,
9-
1
25c
(quar.)
8-15
8-5
8-21
8-4*
8-
,
(quar.)—
Steel
Standard
&
preferred
preferred
B
Material
Star
1
8-21
1
8-21
9-
1
8-
$1
9-
1
8-15
V
25c
Lord &
:/
common
(Me.)
(quar.)
8-
9-1
8-10 '
8-25
8-10
8-21
1
8-
3
.9-
1
8-
3
10- 2
8-31
8-15
8-lS|
9-
1
8-
9
9-
1
8-
9
{2c
8-15
7-31
10c
8-21
8-
6
8-15
8-
5
20c
8-21
8-
1
$2
(quar.):
10- 2
10c
$1.50
common
preferred
(initial).
.
9-15
8-
8-179-
1
n
7-18,
i
75c
7-24
7-24
8-25
8-15
8-15
8-10
8-
8
8-
3
8-10
8-
1
9-
9
8-23
9-30
9-18
25c
....
$1.25
20c
«*)C
.....
1.265625
...33
(quar.
(quar.)...—.-
;
$1.75
8-
1
7-25
$1.50
9-30
9-15
$1.50
9-30:
$1
8-
$1.50
11-
15c
9-
8
1
1.
9-15
7-20
10-10 f
8-22
$1.50
9-
1
3—
$1.37Va
9-
1
8-15
333
50c
9-15
8-31
3
$1.75
8-15
7-31
B
Co.,
1
25c
(initial)—
(quar.)
9-
9-16
$1.50
•
.....
Insurance
8-10
9-
$1.50
Stores, common....——..
preferred (quar.)—...—
8-15
(s-a).
75c
8-
.......3
(s-a)_...___3_33333
Extra
25c
8-
1
7-24
$3.50
8-
1
7-24 v
com.
......
preferred
Merritt
7-20
r
25c
Mercantile
Fire
1
5r
25c
___
17c
5
$1.12 »/a
....
Merchants
9-
30c
& Co., 6%
preferred (quar.)
preferred (quar.).
Mayfair Investment Corp. (Los Angeles)
<
McLellan Stores, 67c preferred
(quar.)..__.
Mead
Corporation, common...^.
17c
5
1
{7c
—
2nd
A
9-
10-
{$1.75
'annual)
^referred
9-
10-1
{30c
„3__3
1.3333
(quar.)
common
preferred
10-6
10c
Marshall Field
$5*50
'
>
$1.50
,
Mallory (P. R.) & Co., common.
4Vz7o preferred
Mallory Hat 7 % preferred (quar.)
$6
7-24
$1.50
....
$5
67c
7-25
7-27
.
00c
non-cumulative preferred (quar.).—
Majestic Radio & Television Corp..—
Preferred
8-15
8
$1.25
Publications,
Co.,
8-17
—
Mackintosh-Hemphill
Macmillan
7-22,
1
$•1.25
Manufacturing
81.50 part*^pating
1
9-
$1.25
common
Louisiana Land & Exploration
Luther
9-
8-
75c
(quar.)
(quar.)—.—,
67c 1st preferred (quar.)...
MacFadden
9-25
tlVic
40c
(irregular)__
Corp......
Taylor,
.
7
Insurance
Co.
Gas
.
9
—
Lone
1
9
Kinney (G. R.), $5 prior preferred (accum.)
LaSalle Wines & Champagne
(irregular)
Lal^e of the Woods Milling, com. (quar.)
17c
preferred (quar.)..
Lamaque Gold Mines Ltd. (interim)
—-.3
Lansing Company (quar.)
LeTourneau; Inc., common (quar.)..
:„3_
/
$4.50 preferred (quar.)...
Leitch Gold Mines (quar.)
Lindsay Light & Chemical—
3
Line
8-21
30c
(s-a).
preferred A
$6
8-21 /
1
8
$1.50
...
City Stock Yards
preferred (quar.)
Kendall Co.,
1
9-
12 Vic
Copper
(interim)....:
(quar.)—.,
Kansas
57c
9-
25c
Life
A
57c
9-
—
Coke
Laughlin Steel,
57c
1727c
—
(Greensboro, S. C.)
v
{12 V2c
——
;
....
&
7
{37 Vac
common..—...
(quar.)
Consolidated
8-
.
.
(quar.)_
common....
International Silver Co.
Jacksonville Gas Corp
Jones
]
8-11
10c
preferred
preferred
International Coal
/
\
]
1
(quar.)
Ingersoll-Rand Co.,
Jefferson
9- 8
$1.50
Packing Co. of Del.—
Peanut Co.
conv.
Inspiration
10-2
3 A
1
Car—
preferred
Inland
9-1
9-8
9-
common.—...
—
■
8-
10-2
9-
partic. pfd. (quar.)—..
preferred (quar.)..
Brothers
conv.
8-15
9-11
Co.—
67c
67c
8-15
8-15
25c
Co.,
Horn
Indiana
8-10
9-15
50C
Pineapple
$1.50
9
9-15
25c
Watch
Hawaiian
Hunts
9-
$1.50
——
(quar.)..
Hammermill Paper, 41/a% preferred
Hudson
8-17
25c
preferred
(A.
3
25c
—
(quar.)
Ltd. (quar.).....
1
7-24
Chapman & Scott-ipreferred A (accum.)
v
$9.12 Va
$7
preferred
$6
prior
preferred
prior
preferred
(quar.)_._
(quar.)_——__
.
Metropolitan
Storage Warehouse.....:
Company
.u...—
Midvale
i
1
9-
i <
1
9-
1
.10-
1
9-
1
10-
1
9-
1
$1.75
10-
1
9-
1
75c
(quar.)——.
$7
8-15 C
1
10-
$1.50
—
10-
$1.75
'quar.)..
9-
$1.25
$1.50
...
Metropolitan Edison, $5 preferred
$6 preferred (quar.)—
8-
1
1-90
50c
10-
2
9-15
Rubber Reclaiming. $4 pfd. (quar.)
$1
Minneapolis-Moline Power Implement Co.—
$6.50 conv. preferred (quar.)——
$1.62^
9-
1
8-21'
Mobile
$1.50
9-
1
8-18
5"c
9-
9
8-24
—
Midwest
Gas Service,
Mohawk
Monsanto
Chemical,
$4.50
preferred
$4.50
preferred
preferred
Morris
Plan
Co.
(quar,)_.
common
Rhode
6%
Island
7-20
7-21
$1.75
10-
2
9-25
$1.50
9-
1
8-15
7-15
6-30
17c
...
Coated
....
Paper (quar.)
(Colo.)—
—
8-11
7-29
$1
8-15
8-
6c
8-
8
1
7-15
8-24
8-10
10-15
9-30
20c
9-
8
12 Vac
—....
...
Casualty
50c
25c
...
of Western
10c
50c
—
preferred class A (quar.)
67c preferred class B (quar.)—..
National Protective Cos.
(quar.)
National Rubber Machinery
National Supply, $2 preferred (accum.)....
5'/2% prior preferred (quar.)—..:
67c
prior preferred (quar.)
National Terminals Corp., common (initial)
67d non-cum. preferred (annual)........
Neisner Brothers. Inc. (quar.)—
Products
11-1.0;
1
Register (quar.)..—
Amsterdam
1
7-25
8-
17c
Neon
12-
$1
National ^Cylinder Gas_._.—
National Lead Co.. common (quar.).
New
11-10
11-10
$2
....
&
Co
Acme
1
1
50%
...
____■
Cash
8-10
12-
12-
(auar.)_.
Nation-Wide Securities Co.
National
1
5
preferred (quar.).
preferred (quar.)..
Nashawena Mills
Series B
9-
8-
$2.25
—
of
Gummed
8-15
Canada, Ltd
(s-a)
New Bedford Storage Warehouse (quar.)
New Brunswick Fire Insurance (s-a)—...
9-30
$1.75
9-15
$1,50
11-
1
8-3
9-15
9-1
10-20
15c
7-28
7-25
25c
8-31
8-17':
$1
9-30
Q-18
$1,371/2
$1.50
9-30
9-18
9-30
9-18
25c
8-15
8-
8-
7-28
$6
7
7
25c
9-15
8-31,
{30c
8-17
8- 3
50c
9-1
8-
$1
8-1
7-24
7-20
75c
8-
1
$1.50
8-
1
4
New England
Water Light & Power Assn.—
preferred (quar.)..
6V27c preferred (accum.)
New Jersey Zinc Co
67c
New Haven Clock.
7-21
4
$1.62V2
8-15
8-
50c
9- 9
8-18
Newport News Shipbuilding & Dry DockCommon
$5
preferred
New York Fire
/.
$2.25
—
Investment Fund Inc
Nashua
50c
(quar.)—.
(s-a)
(s-a)-s...
(s-a)____.
Cafeterias,
Muskogee Co.,
preferred
Inc.—.
Insurance Co,—
dividend)
Morrison
Mutual
A
B
C
Monumental Life
(stock
57c
Mills.
Carpet
,
preferred
(quar.)
——-—
Ex-Cell-0 Corporation
—
Fairbanks Morse & Co. (quar.)w-*^—25c
57*
9-22
9"
—-
preferred (quar.)
Derby Oil & Refining, $4
Diamond Ice & Coal, 17c
17c
7-20
7-31
9- 1
9- 1
8- 2
9-15
9-1
$1.75
(quar.)
Copper
........
National
Continental American Life
Stock
preferred
(quar.)
preferred
$4
——
common
Consolidated Press, class A
7-25
7-31
8- 5
8-11
7-25
7-25
7-15
8-15:
9-15
20c
—
International
7-15
{Vj-c
—
—
———
8-15
8-29
8- 1
8-1
7-20
"9- 1
9-30
15c
25c
30c
—
Commonwealth
•
gold bonds—Central Pacific stock coll. due 1949—Dec
Central
Pacific
Ry.
Through Short Line
1st 4s
1954
—
——
Dominion-Scottish
Southwest Telephone Co.,
(irreg.)——
preferred (quar.)
(irregular)
9- 1
8- 1
8-1
8-10
$1
common
8-15
8-15
8-
50c
Knight Co., 7%
6V2%
——
—
City Title Insurance
*
Co.—
Pacific-Missouri
8-15
8-23
{25c
50c
-
—
class'A (quar.)—
Copper
Common
{1447
—_—Aug 15
—
—
4 7c
Texas
Chile
(Bait.),
Lexington Ry., 1st mtge. 5s, due 1949.
Aug 1
Mock, Judson, Voehringer Co., Inc., debentures
—Sep 15
National City Lines, Inc., $3 conv. preference stock
Aug
1
due
8-3
7-31
{$1.75
(s-a)—__————
Co.
Chesapeake Corp. of Virginia.
Co.—
Jacksonville Gas Corp.,
1st
Preferred,
Commonwealth
{1863
327
Southern Pacific
Co.
—
_
Climax
Corp.,
1944
——
Commoil, Ltd.
Harvill
due
Insurance
8-1
10-25
$3
{15c
—
—
*
*
"
•
25c
Clearing Machine Corp.
{2634
{2634
{2195
9
ref.
—
(quar.)——
Co., class A
—
*
1
1
Duplan Corp., 87o preferred stock
Aug 15
General Steel Wares, Ltd., 7 7o partic. preferred stock—Aug
1
1st &
;
City Baking, 17c
Connecticut
Power
—
——
(quar.)
4%
*
219
Illinois
&
Class B
(quar.)
Co.'s Ltd.
Centrfl Railway
f2631
67c
preferred
Chambersburg Engineering
—
.
preferred (s-a)—
Power Ltd., com. (quar.)—
pfd, ctfs. of benef. interest (irregular)
Central Ohio Light & Power, $6 pfd. (quar.)
1
15-year 4V2%
Co.
8-15
Central Coal & Coke Corp.—
Power
Serial debentures,
6%
Sugar
322
322
—
Ry. Through Short Line,
&
Co.,
322
1954
Tar
_—
—Aug 14
—
1
Dominion
—
Foundries—
non-cum.
Extra
.
.
(quar.)—,,
preferred (quar.)—:.
Canadian Oil
A,
Oct
due
Machine
common
preferred (quar.)—
conv.
Carman
.Century Ribbon Mills, Inc., 77c preferred stock—.
Sep
Chicago, Burlington & Quincy RR.—
Illinois Division mtge. 3Va% & 4% bonds due 1949—Jan
City Ice & Fuel Co., preferred stock—
Sep
Commercial Mackay Corp., income debentures
Sep
bonds
17c
3
9
./9-11 ,/ 8"25
8-31
8-11
8-15
8- 1
9- 1
8-22
8-25
8-15
40c
$1.25
15c
15c
37V2c
25c
—
Canada Northern
9
50c
$1.75
12V2c
$1.25
2c
7-20
Canada Iron
67c
50c
7-27
gold bonds, series A, due 1947—Aug 14
mortgage 27/b7c
Central Pacific
——
8-31
8-15
8-15
8-1
9- 1
8-15
9- 9
8-15
7-24
7-19
9- 1
8- 7
10- 2 / 9- 8
8-15
8- 1
8-15
8-1
9- 1 / 8-15
8-15
8- 1
8- 1
7-24
68%c
.
____
California Water Service,
*
—
(quar.)—
Byron Jackson Co. (quar.) 1—
California Pacific Title Insurance
17c
——"
7-18
25c
Inc.
Burlington Mills Corp., common
57c preferred (quar.)——
Canada
series
prior pfd.
(quar.)
Mfg.. $5
G.)
Burdine's
Carolina
debentures,
gold
-
20-yr. 5%
New
General
fund
Co.
1
1
Associated Public Utilities Corp.—
v
(quar.).
(quar.)—.
(quar.)—
Co.
Edison
Hill
(E.
{2569
{2679
156
53
{2349 '
:
Brewing Corp. of America
Aug
Sep
(quar.)
.
Butler
.
preferred
$2.75
Inc.,
Budd
CALLED
stock
—
—
Bourne Mills
Burroughs Adding
Date
preferred
(quar.)—
(Interim)—
_
Corp.,
—
common
(Phlla.), common
preferred (quar.)
$3
.
(quar.)—,
Inc.
Borden Co.
(s-a)_
Mfg.—
Steel Corp.,
preferred
51
America Corp., series A and series B debentures—Sep
Alleghany Corp.—
20-year collateral trust convertible 5% bonds due 1949_Aug
>?■ 20-yr. collateral trust convertible 57c bonds due 1950. Aug
American Cable & Radio Corp., warrants,—
Sep
Cananea
-
9- 1
9- 1
9-1
9-15
9-25
9-22
8- 1
40c
10c
$1.05
15c
50c
$1.50
$1.75
12V2c
75c
40c
.
—
(quar.)
53
All
Co
(quar.)
1
Company and Issue—
RR.
Automatic Products Corp, (quar.)
Baldwin Locomotive Works, 7% pfd.
Beaton
■
75c
75c
25c
$1
50c
25c
$2.50
—
(quar.)
A
conv.
Canada
Artloom
Y.)_
(N.
/
1
United States Leather Co., prior prefeience stock
Sep 30
Willys-Overland Motors, Inc., 6% pfd. stock (par $10)_Aug 1
...
Co.,
1
-United Amusement Corp., Ltd., 1st 5s, ser. A, due 1956
Aug
'United Printers & Publishers (Inc.), 67c debs., due 1950_Aug
ISSUES
Greene
8-25
8-25
8- 5
8-10
8-10
8-7
9- 1
9- 5
9- 5
8-19
9-14*
$1.25
Imperial Tobacco of Great Britain & Ireland^Ordinary (interim)
_U
Imperial Varnish & Colour, common (quar.)
9- 1
8-15
1
8-15
5c
9-7
7-31
9-14
8-18
8-18
8'15
8- 1
8-18
8-18
7-12
7-12
9-30
9-
9-30
50c
Illinois Zinc Co
■
(quar.)
Aug
of Calif., 37c debentures, due 1959
Union Terminal Co., 1st mtge. 3%s due 1967—
&
8- 7
9- 8
8-15
9-29
9-15
8-18
$1.75
50c
8-19
79c
(quar.)——
Huston
r
'
7
9-15
1
25c
9-7
■>
8-
1
9-
$1.75
9- 1
9-11
9-11
9_ 1
9- 1
9- 1
9- 1
8- 1
8- 1
8-15
i
75c
9-15
''
Sanitary—
_______
Re-Insurance
Class
Aug
;
________
•Union Oil Co.
ENTIRE
& Standard
(quar.)
American
122
1
:
Safe Harbor Water Power Corp., 1st mtge. 4V2s due 1979Aug
St. Joseph Ry., Light, Heat & Power Co.—
••
1st
Graton
Ret
10c
preferred
Buck
Aug
^.Rochester Gas & Electric Corp., 67c
St.
77c
&
5s,
1st mtge.
Rys.
of* Central
America,
1st
V
refunding 6V2% bonds due 1947
, Kansas
City Gas Co., 1st mtge. .5s, due 1946
.Katz Drug Co., $4.50 preferred stock
—
Lukens Steel Co., 4%% debentures, due 1952
(Mercantile Properties, Inc.—
Secured 4V2% bonds, due 1963
dated
Radiator
Common
Barnsdall Oil Co.
International
bonds
Goods, common (quar.)..—
preferred (quar.)—
Atlas
debentures, due 1954—Aug
Indiana Hydro-Electric Power Co.
v
,
due 1958
-
■
■///
.
4V\7o
>
1
Aug
due
117
1
1958
general mortgage bonds,
{2300
1
Malting Co., Inc.—
debentures
——
American
Aug
debentures due 1950
214 7o
Co.,
$6 pfd. (accum.)
Armstrong Cork Co., common (interim)—
bonds, series E, due 1969
3%%
17c
6
Cincinnati Union Terminal Co.—
1st mortgage
American Paper
American
Chicago Daily News, Inc., 3% 7o debentures due 1950
Aug
Chicago & Western Indiana RR.—
'■*/' 1st & ref. mortgage 4V* 7o bonds, series D, due 1962—Sep
Cincinnati Gas & Electric Co., 1st mtge. 3V4S, due 1966_Aug
v
'
preferred (accum.
________
Corp., $3 conv. pfd. (quar.)
Co.
American Metal Co., Ltd.,
common———
67c
preferred
(quar.)—:
5
220
_
(quar.)-.
$7
American Indemnity
{1968
i._
preferred
....
Sep
1962
——
pfd. (initial)—
conv.
17c
Co.,
American General
219
Century Ribbon Mills, Inc., 7% preferred stock—-Sep
Chesapeake & Ohio Ry„ ref. & imp. mtge. 3Vis, series
E, due 1996
Aug
due
preferred (quar.)—j——
67c
8-15
30c
10- 2
10- 2
8-31
10- 2
25c
20c
75c
60c
$1.75
$1.50
$1.75
75c
$1.75
25c
$1.50
60c
$1.75
'
8-15
1
9-
10-
$1.12 %
Goodyear Tire & Rubber, common——
$5 preferred (quar.)
67c
,,
Bantam Car,
Aug 11
3%%
Goebel Brewing Co.
—
common
American
1
—
debentures due 1955
Central New York Power Corp. gen. mtge. 33A%
Quarterly
American
323
—
——
—
Automobile Insurance (St. Louis)
Bank Note,
8-15
9-30
9- 1
10-20
10-2,
9- 1
30c
35c
—$1.75
25c
$1.25
50c
—
common
(quar.)
Arch (irregular)
2
3
—
Carolina, Clinchfield & Ohio Ry., 1st mtge. 4s, series A,
due 1965
Z
Sep
Corp.,
preferred
{2627
of Del. 1st mtge. 4s, ser. B,
—
5 7c
American
Creamery Co.,
-
preferred
Inc., $2 conv.
(Stores
Allied
American
{2298
4V2 7o
&
due 1955
Aug
1
$4.25 preferred stock
Aug 1
Canadian Oil Companies, Ltd., 47o debentures, series A,
due 1955
Aug 15
Beatrice
Investors
American
,
57o
mtge.
bonds, due 1950
Armour & Co.
Page
{2409
322
1
1
Aug
Aug
due 1950
notes,
bonds dated 1934
Collateral trust 6%
Air
preferred (quar.)
Co., 6% preferred (quar.).
preferred (quar.)—.
General Printing Ink, $6 preferred...
Holder
o1
8-15
9- 1
40c
7%
Hallnor
Payable
»hare •
'
1
^
.
•
67c
When
•
9-
Holdert
37V2C
——-
Hajoca Corp., common......
"Per
(
24»/2c
—
(quar.)—
convertible
Gair (Robert)
Hamilton
228
(resumed)
common
common
Gamewell Company (Irregular)—
General Cigar Co., common (quar.).—_
Industrial and Miscellaneous Companies
Name of Company
Date
debentures due 1951
Growers, Inc., 57c
American Utilities Service Corp.—
Arizona'
327
The dividends announced this week are:
/
Co.,
50C
Special
Allegheny Ludlum Steel, common
17c
preferred (quar.).L
_...
Company and Issue—
.
Allied Stores Corp., 4J/2%
show the dividends
we
$1.75
(quar.).„i_»
87VaC
preferred
A
Trailer,
declared.
116
116
116
116
REDEMPTION
PARTIAL
American
*
1
1
1
1
1st ref. mtge. bonds, ser. N,
1st ref. mtge. bonds, ser. O,
second table in
a
which have not yet been paid.
ord of past dividend payments
I
1st mtge. fee 6% bonds due 1942 (modified)—Aug 9
Connecticut Light & Power Co.—
1st and ref. mtge. 7% bonds, series A, due 1951
Aug 22
Consolidated Gas Electric Light & Power Co. of Bait.—
Bldg.,
Then we follow with
previously announced, but
Further details and rec¬
in many cases are given
under the company name in our "General Corporation
^ and Investment News
Department" in the week when
Pa&e
Dat®
Kleiser
&
class
4Vz7c
are
week.
8-16
(quar.)
Fi'uehauf
grouped in two separate tables. In the
bring together all the dividends announced the
we
current
"■;,/:
preferred A
Freeport Sulphur
stocks called for redemption,
common
including those
Of Rec.-
8-30
15c
17c preferred (quar.)
159.
Below will be found a list of corporate bonds, notes,
preferred and
When
Payrble
Falstaff Brewing Corp. (quar,)^__—
Field (Marshall).
See Marshall Field.
Florida Power, 17c
in
•^Announcement
Per
.
Name of Company
*>
Tide Water Associated Oil Co.,
Utica
thare
Page
serial notes due 1947-50_Aug 21
1st mtge. 5s__——
..Aug
1
and Issue—
Company
Redemption Galls and Sinking Fund
S;
6. Noyces
465!
....
(s-a)—...—
50c
9-
1
8-15
$1.25
.....
(quar.)—,
Insurance Co.
11-
1
10-16
40c
8-
1
7-25
'
Co.,
9-14
$1.25
(quar.),,,,
(Md.)—
67c
preferred A (quar.)
Nineteen Hundred Corp., class B (quar.),—
$5
preferred
non-cum.
SlfO
12/^c
Mills
Insurance Co.
50c
Corp.
(incr., s-a)—
Co.,
Elevator
Insurance—
Fire
Pacific
Industrial Bank (B'klyn) (s-a)
Mines (quar.),,*——
Peoples
57c. preferred (s-a),—
Philadelphia Electric Co., common (quar.),
Philadelphia Co,,
Proprietary Mines, Ltd. (interim)—
Quaker City Fire & Marine Insurance
Co—
Oil Refining
Quincy Market Gold Storage & Warehouse—
State
Quaker
5Vo
preferred
common
—
Co.
57c
$2.50
& Steel Corp.
common
Products
Manufacturing
•
Steel
Sagamore
Mills
San
(irreg.)
—
$6 pfd. (accum.),
(reduced)—
Gorgonio Elec. Corp.
Savage Arms Corp.
Insurance Co. (New Haven,
Security
Quarterly
Brothers,
Co.,
Sherwin-Williams
8-
Oil, 4%
preferred
Thompson
(J.
2nd
8-25
40c
$2
$5c!:
50c
(reduced)—
—
9-1
of
Products
Coal
Biscuit
Co.
of
preferred
1
(quar.)
8-10
•
.
8-
8-15
1
8-
9
8-10
8-
1
$1
$1.75
9-
8-11
Paper,
Products
common
prior
preferred
1
8-18
2
8-21
1
9-
9-
1
8-19
9-
1
8-15
8-
1
$1
$1
$1
"(quar.)
1
7-18
8-31
50c
(quar.)
(quar.),,
Corp.
8-15
'
«
9-11
8-31
8-" 8
8-
-
8
8-28
35c
;
9-
1
8-10
$1
$1.75
:
10-
1
9-16
10-
9-16
1
$1.75 \
10-
1
9-15
75c
10-
1
9-22
$1.25
pfd. (quar.)
(quar.)
10-
1
9-22
we
announced
preceding table.
this
week, these being given in the
Bon
B
(quar.)
5%%
Fisheries,
Edison
Boston
$6
Co.
67o
Butler
Byers
Castings, common
preferred
Bullock's, Inc.,
(quar.)
57o preferred (quar.)
preferred (quar.)^
Co., 7% pfd. (quar.)
Water, 7%
(A. M.)
1st
2nd
Mills, common (interim)
preferred (quar.),,,
partic. preferred
Calgary Power Co.,
California
Electric
California
Pacific
pfd. (quar.)
Power, $3 pfd. (quar.),,
Ltd., 67o
California-Western
Miscellaneous
Per
Aero Supply
*
Mfg., class B
(quar.)
„
Allegheny & Western Ry., Co., gtd.(s-a)—
Power,
$5
preferred
Allentown-Bethlehem Gas Co.—
77o
Aloe
Alpha
preferred
(A.
S.)
Co,
Portland
Payable
25c
Agnew Surpass Shoe Stores, Ltd., common,,
77o preferred (quar.)—_
—
Alabama
When
share
Name of Company
Adams-Millis Corp.
(quar.),.
(quar.)
Cement
10c
$50c
' $$1.75
$1,25
$3
8-
Holders
of Reo.
1
7-21
8-10
7-28
'
9-
7-31
1
*10-
2
8-31
"
-7-14
1-2-45
12-20
—
87 %c
50c
25c
57c
Bakeries,
Bank of
preferred
conv.
Ltd.,
7-31
Canadian Industries,
Class B (quar.)
7-20
Canadian
1
9-25
9-
1
9-
1
8-15
57c
class A
International
preferred
(accum.)
(quar.),;
7-201
8-181
8- 1
9- 1(4
10-14
8-11
9-14 '
8- 1 i
9- 1
12- 1
Semi-annual
8-31
9-
1
8-U
9-
1
8-11
8-15
11-15 1
8- 1
8-
1
7-15
9-
1
7-28
8-
1
8-11
1
1
7-22
8-
1
7-22
8-
1
7-24
8-
1
City of New
7- 6
8-
i
6-30
9-1
8-
7- 5
8-1
7-2,2 '
8- 1*
"57o
'
1
50c
8- 1
$1.25
9- 1
8-11 ;
> : 1
Common
57o
$5
$1.25
7-31
7-31
-37%c
8-25
7-21:
7-21
8-HM
*
(quar.)
Cine.
Chicago & St. Louis Ry.-—
(s-a)
.
preferred
(quar.)
.
Cllnchfield Coal Corp.,
77c pfd. (quar.)
Coast
.
(quar.)
8- 1
$3c
$25c
8-1
7-14
,
12- 1
11- 2
*
I2V2C
8-15
7-25
8-15
7-25
*
(s-a)
Colgate-Palmolive-Peet Co.,
7- 3
8- 4
1
7-15
ll7-31
-7-15
-
25c
75c
10c
'5c
15c
$$1.50
$$2.50
25c
$25c
$3
37V2C
$$1.75
$$1
20c,
50c
12%c
$1.75
$15c
8-
preferred
$4.25.
^
(quar.),,,
com.
6~7o
7-31
8-15
•
-
67o
preferred 57c
7-10
$2.75
7-31
Columbian
1
8-15,
Columbus & Southern
8-
1
7-25
6%%
Carbon
7-28
Commonwealth
8-31
Concord
2
8-31
Conduits
10-
2
8-31
9-15
8-
8-15
1
1
7-20
8-
1
7-20
8-15
7-31
6 7o
9-
8-1
8-1
1
8-15
9-
1
8-15
9-
1
8-15
$62!/2C
8-
1
7-17
75c
$1.25
9-
1
8-15
8-15
7-31
(quar.)
7-15,
7- 7
8- 1
'
9-14
8-15
8- 8
$$1.50
$$1.50
i__,
12-31
9-25
12-25
9-1
9-1
8-5
8-5
7-25
9-30
preferred
60c•
55c
$3
7- 1
8- 1
1
Power Co.—
$1.50
•
1
preferred
3f1/aC *
8- 1
7-14
;
$1.25
(quar.),,,
Lobster
Vultee
-
k
8-1
6-30
25c
9- 1
8-15
8-1
7-15
common
5c
50c
7-31
8-15
7- 6
8- 4
(irreg.),
31 %c
30c
9-15
8-3?l
25c
8-21
8-
$7.50 preferred (quar,),,,—,—
Consolidated
.
$1.87%
(increased)
Laundries
Consolidated
.s
8-15 '<■
9- 1
*-
participating pfd. Class A (quar.)
$1.50
1
S
1
(s-a)
River
Consolidated Edison Co. of New York Inc.—
$5
■
7-31'
(quar.)
Aircraft
Corp.,
"
$1.25
preferred
convertible
7-31
7-15
Consumers
Gas
7-31
7-15
Container
Corp.
Co.
(Reading,
1
7-24
Continental
1
7-10
Bank & Trust (s-a)
Continental-Illinois
7-22
16c
75c
8-21
7-18
77c
vi
6% 7c
7-17
1
Cook
Paint
8-18 £
9-1*
$2
^
5
1
7-20
10- 2
1-2-45
10- 2
1-2-45
9- 1
9-15
8-
>
Co.—
(quar.)——
preferred
preferred
6%%
8-
Telephone
participating preferred (quar.)
participating preferred (quar.)
77c
7-31
1
8-
Pa.)
America
cf
8-1
8-
8-
(quar.)
& Varnish
:
$1.75
$1.75
$1.62%
$1.62%
Co., common (quar.),
20c
12-15
9-15
12-15 *"
8-18 "
v
1
7-17
8-
1
7-21
8-
1
7-21
8-
1
7-12
Corrugated Paper Box Co. Ltd.—
8-15
8-
'9-15
$4
Corn
77c
8-
1
7-22
(quar.)
(regis.)
Crowell-Collier Publishing, 77c
8-
1
7-12
Crown
Cork
1
Crown
Drug Co., 77c
8-
1
9-
7-10
8-
7-10
75c
8-
$5
7-10
8-
7-15*
8-15
7-31
9-11
8-15
8-
1
8-15
8- 1-
r
conv.
$3.50
$8
(quar.)
Clinton
RR.
—
$1.25
(semi-annual)
preferred
(quar.)
8-14
8-25
8"-15"
-
8- 1
6-22*
9-15
9- 1
9- 1
9- 1
8-15,1
' $2
(quar.),
Light, $6 preferred
(quar.)
:
& Terminal Co.—
preferred
<
preferred
(quar.)
(quar.)
25c
dividend)
6-24
Delaware Power &
Dennison Mfg., $6
(initial),
27o
20c
Light,
conv.
common
preferred
(quar.)
Dentist's Supply Co. of New York—
9-
1
7-31
8-
1
6-30
$85c
$37V2C
10-
2
8-15
8-
1
7-10
Denver Tramway
8-
1
7-10
Denver Union
7-31
6-20
7-31
6-30
7-31
6-30
7-17
7-17^
r. ' i
7-20 I
8- 1
-
.
-
.
7-11 I
8- 1
8- 1
10- 2- J
7-19,:-
7-31
1
7- 1-"
7-20-
8-1
>7-2Qir
8-
$2
:
8-15
8- 1
10-10 T,
* 75c
(quar.)
-
8- 1
-
$1.75
$1.25
(resumed)
(stock
8-
11-15
•
Cohn
&
Packing
debenture
$1.50
$1.75
*,'•••
-
(quar.)
(Alfred)
Deerfield
8
.'
37%c
$1.12%
$1.75
(quar.)
Davenport Water Co., 5To
8-15
-
-
11-25
(accum.)
&
Dallas Railway
77o
77c
Sons,
preferred
Decker
"-
7-17-'
8- 5
9- 1
10c
preferred (quar.)_
preferred
77c
8-15
8-15
'
-
Corp.—
common
Dallas Power
/
8- 1
$50c '
43%c
(quar.),,,
pfd. (quar.)
7-20
6-27
10c
Cushmdn's
7-26
$50c
$50c
9- 1
8-31
*
.
21k7c
(interim)
pfd. (s-a)
Co., Ltd.
preferred
& Port
4%%
8-25
9
(ord.)
& Seal
Cuneo Press,
9-15
8-
7-21>
Y.)—
Bxtra
8-25
9-11
conv.
Culver
7-31
8-15
Ltd.
Crown-Zellerbach
7-10
8-
(N.
preferred
Courtaulds
7-15
8-
8-18
8-1
$$1.75-'V
Co.
7-22
9-15
$1
^
;
1
,
9-1
60c
preferred (quar.)
Exchange Bank Trust
Quarterly
8-
$25c
$38c
$20c
$$1.50
t$1.50
$$3.50
8-1V4
' ;t
8-1;
Light & Power—
Consolidated
25c
$1.25
$1
$10c
25c
$1.50
$1.25
$1.75
$1.75
'
Consolidated Chemical Industries—
7-17
9-
8-
75c
$15c
pfd. (accum.)
67c preferred (quar.)
7-17
8-15
9- 9
10- 2
preferred (quar.)
$2.20 preferred
(quar.)——
Connecticut & Passumpsic Rivers RR.—
1
9-15
77o
Ltd.
1
\
$1.62
35c
$2.40
7-25
<'
7-20
7-20
7-20
5c
—
Connecticut
7-31
8-15
(quar.),,,,:
Quarterly
Quarterly
7-21
8-
-
(irregular)—
Confederation Life Assurance (Toronto)—
1
8-
National,
.
•
Investments
(N. H.)
Gas
.8-3$'
'
8-15
8-15
-8-15
$1.25
68%c
$1
(quar.),,
Commonwealth Edison
7-20
10-
^
Ohio Electric—
1
8-
;
,
.
(quar.)—
9-1
8-15
$$1.50
$$1.50
Co.
preferred
8-28
r,
$1.25
$1.50
(quar.)
Corp.—
'
preferred (quar.)
:
conv.
9-
9-1
.
(quar.)
preferred series A
cum.
"
$5c
$1.75
(quar.)
series
9-'"5.»
9-30
25c
l"\"
Columbia Pictures
7-31
8-1
preference
cum.
Cum.
1
•8-15
$1.06%
(quar.)
Colorado Fuel & Iron (quar.)
Columbia Gas & Electric Corp.—
'
7-20
$1.75
25c
Ltd.
Breweries,
Cockshutt Plow Co.
$$1.25
$75c
$$1.25
(quar.)
-
v;?r.
.
Common
1 $$1.25
Investment
8- 1
11- 1
9- 1
';;
Cleveland Tractor .Co.—L;
7-20
1
^
7-20 '
10-20 ^
8-11'
7-15
$1
$1
$1.50
York Insurance
preferred
Cleveland
7-24
8-1
8-10
9-1
City Water COi of Chattanooga—
'
7-24
1
8-
75c
25c
$1.62%
Quarterly
i,..—
Quarterly
City of New Castle Water, 67c pfd. (quar.)
8-11
9- 1
;—
Citizens Utilities (irregular)
City Ice & Fuel, 6 % 7c preferred—",,,,,
City National Bank & Trust Co. (Chicago)—
9-1
9-30
$1%
$1%
Citizens Natl. Trust & Savs. Bank (Los Ang.)—
'
(quar.)
75c
9- 1
Common
(quar.)
75c
12- 1
11-15-
$1.75
$1.75?
9-30
12-23
12-23
$1.25
12-15
12-15
77o
(quar.)
57c
8-10
(quar.)
7-20
—
(quar.)
common
preferred
(quar.)
Canadian Converters Co. Ltd.
Oil
8-11
*
50c
25c
25c
20c
7- 6
Breweries, Ltd.—
$3.40
Canadian Bronze,
*
preferred (quar.)
5% preferred (quar.)
$$1.25
(quar.)
(Toronto)
Quarterly
Canadian
9-29
9- 1
■
-
Cotton
9-20
12-20
7-7*
7-20 a
7-20
'
*"
9-14
7-31
7-31
57o
87o
Ltd.—
preferred
Commerce
•
7-15 1
8- 1
9-30
62%c
$15
(accumulated)
$$1.50
participating
Canadian
8-10
7-21
7-15
'
1
50c
10c
Corp.
8-
.
,
Canadian
preferred
1
Ry.—
8-
50c
Ltd. bearerXquar.)
(quar.)
Canada Southern Railway (s-a)
Canada Starch Co., Ltd., 7% preferred (s-a)
Companies
7-25
8-25
70c
„
8-1
pfd. A (quar.)
Special
Callite-Tungsten
"
-
7-31
8- 1
8-10
Cincinnati New Orleans & Texas PacificRy.—
States Life Insurance—
67o
7-31
9—1
/
12-30
8-1
Chicago Wilmington & Franklin Coal
Chicago Yellow Cab Co. (quar.)_l_JL
7-31
(quar.),
Registered
and
57o
7-20
common
(quar.)
preferred
Br^l
vil
.
8-15
20c
$1.25
(s-a),,,^
Y.)
Chilton company
8-15
California Water Service,
j
9-*l
common
7-10
9-
Corp.,
,
7^5
9-15
(quar.)_„
8-21
37V2C
62'/2c
37V2C
Utilities
Packing
(N.
Corp.,
preferred
8-10
35c
Caldwell Linen
$1.50
v
1
50c
(quar.),
Boston Fund, Inc.
(quar.)
Boulevard Bank (Forest Hills, N. Y.)
(s-a),
British Columbia Telephone—
67c first preferred (quar.)
67c 2nd preferred (quar.)
Broadway Department Stores Inc., common,
57c preferred (quar.)
Bronxville Trust Co. (N. Y.)
(quar.)
Bruck Silk Mills (interim)
Buckeye Steel
l
8
1
1
$1
62Vic
68%c
$1.50
preferred (quar.)
preferred (quar.)
Bonwit Teller,
Booth
preferred
class A (quar.)—,
Ami Company,
Class
7-24
7-10
^
10c'
43c
75c /•
- * 40c
'25c
x
7-12
8-17
9- 1 /
6-30
7-15
$1.75'
U.
9-
75c
62%c
-
(s-a)
—
(s-a)
Ltd.,
15c
:
7-12
8- 1
8-15
$1.50"
8-
9-
50c
;
Corp.,
.
;
1
'
(quar.)
and 1943.
8-
25c
(quar.)
common
common
Canada Malting Co.,
»
Industrial
7-22
$1.50
(quar.),
Blue Ridge Corp., $3 convertible preferred
Cash or l/32nd share of common stock,,
Bohack (H. C.) Co., 77c 1st pfd. (accum.)__
California
give the dividends announced In previou*
weeks and not yet paid. The list does not include divi¬
dends
Co.,
Co.,
preferred
5 7c
Below
W.)
Ribbon
80c
???
(quar.)
Wieboldt Stores, Inc., 6%
$5
9-
9-
,
1
$3.50
preferred (quar.)
Whitman (Wm.) Co., Inc.,—
preferred
8-15
1
9-20
;
77o
7%
9-
9-
common,
,
Instrument
Chlorine
7-28
8-19
9-15
9-
■
'
of Alabama
Whitaker
9
„50c
' '
'
4
$1
•
57c
8-4
9-
(E.
& Wire
Cox,,,,
Connecticut
(quar.)
preferred
Blue
8-18
8-24
7-14
8- 1
40c
(quar.)
Electric
67c preferred (s-a)
8*18
1
9-10
15c
50c
preferred (quar.)
Westvaco
1
9-
8-15
25c
(quar.)
$7
1
9-
preferred
Bliss
5
8-
50c
$1.75
$3.50
$6
62 %c
$1
(quar.),,
Oil '& Snowdrift Co.—
Electrical
9-
25c
.;
67c
Birtman
8-30
'
(s-a)
(quar.)—
Company
$1.25
$1.50
$1.75
(quar.).,,
Chicago & Northwestern Ry., pfd. (special),
Representing dividends due for 1941, 1942
Birmingham Water Works—
5
8-
(quar.),
(quar.),,
& Sons
(J.)
(quar.),—
common
—
&
Best
7-24
•
9-11
Inc.,
Extra
3*
8-15
Stores
preferred
Bertram
1
9-15
Co
Westinghouse Electric & Mfg
Via particpatlng preferred
77c
8-10
7-28
(quar.)
Shoe
Berland
8-10
9-
(quar.)—
pfd.
(quar.)
Hedges, $2 conv. pfd.
&
Benson
7-24
8-
25c
■
Machine
(N. Y.)
Corp.
$1.25
40c
12c
30c
pfd. (quar.)
pfd.
(quar.),,,.
Chicago Great Western
7-20
1
9-
(s-a)—
Belding Heminway Co.
1
1
Virginia Coal & Iron Co
Ry.
i
8-15
Vogt Manufacturing Corp.
Wagner Electric Corp. (quar.)
conv.
9-
Co.
(initial)
(quar.)
Belding-Corticelli, Ltd., 7%
8-31
9-15
1
8-
8-
—
Bayuk Cigars Inc.
7-20
10- 2
8-
$5c
7c
(quar.),
& Paper Co., class A (quar.)
Tool, 67c pfd. (accum.)—.,
Commercial
:v
Cleveland,,,,,,,
of
Light, 67c
National Bank
5%
7-18
$$1.37%
...
Insurance
com.,
Extra
preferred,,,^
6 7o
Electric Corp.,
&
York Power 57o
Cherry-Burrell
7-20
20c
31c
$1.25
quar.)
(quar.)
Toronto
Common
8-
1
1
1
$25c
ju
American
Bathurst Power
8-15
1
8-15
8-
$1-^71'/2
$7 preferred (accum.)_i,
Co.
9-
—
(quar.)—
•:
of
Baush
8-21
(quar.)
Laboratories, $2.50 pfd.
Vanadium-Alloys Steel
a
D.)
8-15
8-
—
Universal
(S.
8-25
1
9-
Wlcox
&
Bankers
7-20
9-
25c
,1$1.25
Cos
Bank
7-22
9-15
8-
$1.12%
60c
10c
$1.75
pfd. (quar.)
Canada
of
25c
.
_
(quar.)
Bangor Hydro-Electric Co.
Bank of Montreal (quar.)
5
1
4
8-
+15c
$68%c
'Extra'
7-24
7-31
8-
Chase
8-31
$1.50
(quar.),
Plywood Corp., com. (increased
Baltimore
8-15
8-
1
8- 1
common,,—lii.—:
(quar.)
Insurance
9-15
8-15
8-10
——
(quar.)
Gas Corp.,
Weston
8-15
8-
7-18
10-14
10-16
12%c
Investment'Corp.—
$6.50.preferred (quar.),,,
$1.62%
Chain Store Products; $1.50. pfd. (s-a)—37Vac
$1.50 preferred
(s-a)
37 Vic
7-18
$1.25
(quar.)
common
Breweries
Gas
r.
,
8-10
8- 1
8-1
9- 1
9-16
8- 1
8- 1
8- 1
8- 1
Chain, Store
9-15
30c
50c
7
_—x—
Badger Paper Mills,
8-15
1
8-31
Engineering & Foundry Co., common
preferred
Western
9-15
9-
_—i_
common—
America,
Corp.,
preferred
Babcock
5
25c
$1
20c
25c
20c
Louis
(irreg.)
(irregular)
Co.,
Electric Coal
Universal
$4
8-
5c
(irreg.)
_
preferred
Wesson
8-15
"
fr-'-
St.
Stocks
preferred
Warren
8-31
15c
United Paperboard, 6% preferred (irreg.)___
United States Steel Corp., common
7%
8-31
8-15
1
50c
(quar.),
Atlas Powder, 5% preferred (quar.)
Ault & Wiborg Proprietary, Ltd.—
5%%
preferred (quar.)
Aunor Gold Mints, Ltd. (quar.)
Avondale Mills, common (monthly)
8-31
.10- 2
-
!: \
Chain-Belt:
9-
2
$1.75
$1.25 preferred
8-15
10- 2
25c
62%c
Oil—,
Storage
United
5
7-31
37%c
—
■_
Manufacturing
Truax-Traer
7%
8-
10-
6-30
7-28
'
Century Shares Trust—
Cerro de Pasco Copper Corp;:
Cessna. Aircraft Co.
(irreg.):
1
8-
■
7-22
•8-15
8-1
25c
10c
I
Corp.
Allied
&
Treesweet
United
7-24
8-31
37 %c
50c
40c
pfd. (quar.)
Co
R.)
Insurance
Tobacco
57c
7-25
9-15
—
United
1
7-29
.
8- 1
(s-a),
(quar.)
Common, (resumed)
7- 7
$1
Pwr., 4Vs\7o
Elec.
preferred
& Co.
preferred-
9-
10- 2
8-1
9-20
,
Century Ribbon Mills; 7^» preferred______-
7-14*
8- 1
7-31
Dry Goods Corp., common
25c
preferred (quar.)
$1.50
7 7o preferred (quar.)
$1.75
Assoc. Telephone Co., Ltd., $1.25 pfd. (quar.)
31V4C
Atchison Topeka & Sante Fe Ry
$1.50
57c preferred (s-a)
$2.50
Atlanta Gas Light Co.,
pfd. (quar.), $1.12%
Atlantic City Electric, 47o pfd. (quar.)
$1
Atlantic Macaroni (quar.)
$1
Extra
-J—'----——iJ—■
SiAtlantic Rayon, $2.50 prior preferred (quar.)
62'/2C
Atlantic Refining Co., 4% pfd. (quar.)
$1
7-25
8-
""
8-31
6%
8-15
8-1
8-15
Associated
7-21
10c
Extra
United
8-15
8- 1
50c
Co.—
Associated
Water
5%%
8-15
1
7-25
40c
Textron, Inc., $2.50 prior pfd. (quar.),,
Union
1
9-
$1.25
—-
(quar.)
Electric
Troxel
8-14
1
—;
Taylor & Fenn (quar.),,,
Teck-Hughes Gold Mines Ltd.
Texas
Gulf
Sulphur (quar.)
Title
77c
8-14
75c
(quar.)
Co.
Swan-Finch
Tide
Artloom
35c
75cj;
preferred (quar.),
Stott Briquett, $2 conv. pfd. (quar.).
Stouffer Corp., class B (irreg.)
—
67o
7-25
9- 2
1
(quar.),——
Silica
Tampa
1
9-12
9-
1
8-15
10- 2
27o
25c
;
Central Vermont-Public Service*—
Chickasha
Appleton Company
Atlas
Sterling Inc.. $1.50 conv.
*
Appalachian
8- 5
9-
California
Oil Co. of
Standard
Oil
8-31
1
9-
$25c
$$2
(quar.)
common
Foundry Co., 57c preferred (quar.),
Storage Co. (quar.)
LJ
Central Steel
.
7-20
50c
Inc.
Anheuser-Bush.
7-15
7-15 J
7-5 ,
Railway—
preferred
$6
$1.25
prior pfd.
67o
Fence,
8-15
9-
common,,——r~
preferred
Post
7-24
9-
77c
8-15
$1.50
Corp., common (quar.)—
1
9- 1
11-25
1
30c
37V2C
—
9-15
1
————
Anglo-Canadian. Telephone Co.—
Class A (quar.).
5Va7o preferred (quar.)
7-20
8-
1
9-
25c
5c
preferred (quar.)
;
Zinc, Lead & Smelting—
Anchor
7-24
8-
9-
12-1
8-1
20c
$5 prior preferred (accum.)
Cap & Seal—
conv.
Standard
Sun
1
1
Central
American
8-31
9-25
(s-a)
$20c
40c participating preference (accum,)
,t20c
8outh Bend Lathe Works——50c
Stamford
Water (quar.)
X.
40c
Standard Brands. Inc. (quar.)
25c
$1.60
7-20
8-
Silverwood
Standard
57o
8
8-
9-15
Conn.)
preferred "AAA" (quar.)
Dairies, Ltd., common
57o
7-20
9-25
(quar.)
Inc.
Seeman
1
(A. M.)
Central Hudson
7-10
62Vic
—
8- 1
8-1
Central -Cold
>■
8-25
50c
■
American Viscose
8-1
50c
<
Refining, common,^,,
77o first preferred (quar.)
American Steel Foundries (quar,)
American Stove Co. (quar.)—
1
7-31
75e
$1.75
$1.75
American Smelting &
8-22
$1
12Vic
pfd. (quar.)—
7%
Screw & Bolt,
Louis
9-
•
$10c
Celotex Corp., common (quar.)
57c
preferred (quar.),
9-21*
7"
(monthly),
N. J.)—
Corp.
Pacific
non-cum.
Castle
(Newark,
Co.
Quarterly
8-15
1
9-21*
2
(quar.)
Oil, Ltd.,
Central New
Light & Traction, common (quar.)
preferred (quar.),American Nat'l Bank & Trust Co. (Chicago)—
8-18
1
Products
'Extra-
1
8-
3
$5c
Central Power &
67c
8-21
1
25c
25c
$1.75
$1.50
Class B
St.
Sanford
1
1
7-20*
8-15
1010-
8- 1
y Central National Bank
American
8-11
1
9- 8
$150
—
class A,,
Service,
Public
Louis
1
8-
15c
62V2C
10c
(quar.) '
(quar.)—.
preferred
conv.
Safeway
St.
$1.25
$1-50
preferred E (quar.)
preferred D (quar.)
Rustless Iron
2
8-
Associated
Rochester Gas & Electric*-"
57"
9-
Semi-annual
2
9-
50c
-
9-
9-15
preferred A (quar.)
Ltd., 6%% pfd. (accum.$$1.62%
Republic Petroleum, 5%% pfd. A (quar.)—
68%c
Revere (Paul) Fire Insurance (s-a)—;.
60c
75c
$2.50
$1.75
Co., com. (irreg.),
(quar.).,
preferred
$2.50
8-10
9-
Reliance Grain,
8-15
Insurance
8-21 J ;
67c
Richardson
Home
American
9-
$1.25
15c
(quar.)
Railway & Light Securities,
•
.>/
American
9-
5c
50c
25c
1
"
8-31
9-
$1
(quar.),
Water
Princeton
9-
$5c
of Rec.
in¬
preferred (quar.)
47o
7-21
—
8%
Canadian
7-22
5c
v
A opt. div. series of 1928
of class B stock or cash
7-18
1,
7-15
1
8-21':
(quar.),
shares
Investors
Canadian
7-17
8-
10- 2
(quar.)
shares
Canadian
share
8-31
8-15
15c
32
(quar.)
Co.
Food
of a
i
9-30
—
Alexander,,,——
&
Powdrell
Pratt
8- 4
9-30
: S
—
8- 4r
9-
-30c
*5c
25c
• 25c
Piper Aircraft, 60c preferred (quar.).——
15c
Pitney-Bowes Postage Meter Co. (quar.)—10c
Pittsburgh Steel; 5727o prior pfd. (accum.)
$1.37%
Poor & Co.. class A (quar.)
—
37%c
$1 preference common
Philadelphia Insulated Wire
Pillsbury Flour Mills Co
*
Special
9-15
1
7-31
(quar.)
8-1
> 25c
~
2
8-
—
9-30 x
-■■■>■
Gold
Perron
10-
75c
Shares
9-30
(quar.)——jv
Ltd.
Mines
Gold
Penn
7*>c
12 %c
$62V2C
Food Products. Ltd.
Investment Fund—
ordinary
9-15»
10-2
——
faccum.) '
American Envelope, 7% preferred (quar.)—
7%
preferred (quar,)
American Equitable Assurance Co. of N. Y.—
Semi-annually r
*
—1———<—
American General Corp., $2 pfd. (quar.),,,
8-23
8-U
5
7-22
Co
class
conv.
3'2
8-2
8-25
50c
3125
Outboard
7-
:■£
8-15
preferred
$3
8-23
9-20
—®1*®0
preferred (quar.),,..
Marine & Mfg.,,,—
6%
7-21
9-20
1
American Cities Power & Light Corp—
9-15
12-15
8-15
common
8-
1
Can
:
(quar.),—
(irreg.)
preferred class A
$3
Canadian
1
American
1
4
15c
American Car & Foundry
9-30
8-
8-
8-
8-19
12-30
Canadian
1
8-
Business
7%
8-11
10c
25c
American
9-15
5
9-
5':"
When
Payable
Name of Company
9-
Holders
Per
share
.
of Ree-
1
—:
—
Co.
r
Holder»
9-
Lines Co
Extra
8-15
1
9-29
Oklahoma Natural Gas Co.—
Otis
7
8-19
1
9-
87/2c
I jC
7 /zC
40c
-—
—:
Casualty Insurance Co.
American Barge
9-1
$1.75
Quarterly
Ohio
8-
8- 7
-
(quar.),
67c conv. preferred (accum.)
Amalgamated Sugar, 5% preferred
Amerada Petroleum Corp. (quar.)
American Book
common
(quar.)
(quar.)__.
preferred
7%
Nu-Enamel
4
9-
preferred (quar.)
preferred (quar.)———-—*
& Rubber,
4
8-
8-18
—
8-
When
Payable
$1
(accum.)
8-18
.-.--7--:—~~
——
Tire
common—i—i
Amalgamated Leather, 67c conv. pfd.
7-25
8-15
Northwestern Public Service—
6%
Mfg.,
$$1.25
20c
(quar.),
1
8-15
of New York (s-a),
Extra
77c
—
pfd.
8-11
(quar.)
Nonquitt
Northern
Norwalk
preferred (quar)
Co. of Canada, 57o
Aluminum
Goods
$$2
t$1.50
(quar.)
common
9-
9-15
(quar.)
A
8-11
Ltd.,
Aluminum
Share Corp.
Class
67c
8-25
1
9-
Per
share
Name of Company
Aluminium
common
Niagara
?? *
/■■■■
.
of Reo.
■*; Payable
Light & Power
York & Queens Electric
New
Share
of Company
h ume
Holuers
When
rer
Monday, July 31, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
466
preferred (quar.)
7%. preferred (quar.)
5%^
Stock
preferred
$75c
9-1
8-1
1st preferred
Yard
1
Co.—
,.$1.37%
(quar.)
Deposited Insurance Shares, series A
Derby Gas & Electric Corp
Detroit-Michigan
Trust—
Corp..
Stove
Diamond Match Co.,
5c
—
5 7o preferred (quar.)
6% partic. pfd.
(s-a)—
8-15*"
9-30'-
■
9-1
8- 1
.
>•
f8-19 J
7-1
35c
8-
1
7-21
50c
75c
8-15
9- 1
8- 5
8-11
'
Volume
160
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4303
*
Per
Name
Diamond
Shoe
!
Bonus
Distillers
Dixie
A
$2
5%
preferred
$1.25
25c
I2V2C
50c
__
____*__;
Dominguez Oil Fields
Horder's,
Hormel
\
•
common.*:..
_
(monthly)
6%
Dominion
6%
2nd
Ltd.'(quar.)
pref.
Fabrics,
preference
cum.
(quaT.)
Dominion Tar & Chemical, 5Vz% pfd. (quar.)
Common
Hudson
Paper Co., Ltd.—
(resumed)..,.—:
t25c
Class B '(resumed) ——-1.-:—
$25c
Dun & Bfadstreet, Inc.
(quar.)
37 Vac
Dqplan Corporation (irregular).
40c
8%
preferred (increased)"™—_—$3
Duquesne Brewing Co. of Pittsburgh (quar.)
15c
7%
Picher
■6%
Lead,
preferred
East
Interurban
Louis &
St.
6%preferred (guar.)
77c
Electric Bond
&
preferred
National
$6
Share,
(quar.)
Watch
Elgin
$5 pfd.
$5.50
preferred
$6 preferred
Eppens, Smith Co.
(s-a)
Erie
&
RR.
Kalamazoo
Erie Railroad'Co.—^-.
*>
85
preferred A (quar.)
$5
preferred A
Eureka
< -
Line Co. (irregular)—
Buffet Corp.
Faber Coe & Gregg, Inc., 7%
Fair
(The)
7%
Co.,
Fairbanks Co..
Falrchild
preferred
Falstaff Brewing
preferred
(quar.)
Federal
Grain,
Ltd., 6Vi% pfd.
Federal Insurance Co. (quar.)
Federal-Mogul Corp.
4(4.%
Stores,
Department
.
Fibreboard Products.
Fidelity & Deposit
Extra
6%
Co.
___
.
1—
itz
Boston
Simons
Connell
Gear
60c
cony;
&
Machine
"preferred
Ford Motor Co. of
'Class B:
Fire
Insurance
AA
(quar.)
'
eneral
Baking
Co.,
9-15
7-20
20c
7-15 7^20
i 60c
,
.7-20
87 tic
7-15
75c
'' $2
7-20
7-15
10c
(quar.)
7-31
15c
common
eneral
Outdoor
Class A'
Advertising,
■'
*.
-—
————————————————
6%
preferred
(quar.)-—
eneral
Shoe
eneral Steel
Corp. ,(N.
Y.)
Corp. (quar.)
Castings Corp.—
(quar.)_
Common
preferred
Co.
(s-a):
**_:
4Vi%
*
—_
lobe
&
Class
B
otham
preferred
—;
reat Lakes
Increased
(H.
reen
reenfield Gas
Co.
amilton
Stores
Cotton
ammermill
Co.
Paper,
(s-a)_
non-cum.
pfd. (quar.)
echt
Company
$4
conv.
preferred
6%
Corp.
preferred
eywood-Wakefield
5%
(quar.)__
(initial)
Chocolate
8-25
30c
8-20
7-28
9- 8
7-15
75c
7-15
$1.75
9-25
12-23
8-15
8-10
9-
5
75c
8-
1
1
(quar.)*_
$75c
(quar.)_
non-cum.
preferred
$6
non-cum.
preferred
Klein
(D. Emil)
Knickerbocker
9-29
6834c
7-15
68%c
7-15
8-
1
7-20
9-
1
8-10
12-
1
11-10
8-
1
7-10
(I 7-10
50c
75c
7-21
7-15
8-
4
6%
7%
(quar.)
7-15
$1.25
9-1
7-27
1
10-
1
4.
7%
25c
8-
1
1
8-
1
7-25
1
9-
9-15
9-1'
12-15
10-
9-12
50c
9-
1
10-
2
9-15
8-
1
11-1
10-13
8-13
7-31
8-
7-13
$1.75
1
12-20
8-
1
7-14
2
9-15
10-
2
8-
1
25c
8-
1
7-14
10- 2
9-14
9-25
8-20
9-15
7-15*
8-
1
$1.12%
8-
1
7-20
$1.75
9-
1
8-11
9-11
8-25
50c
8-11
8-
87 Vic
8-1
7-20
9-
1
9-
1
8-11
9-
1
8-
8-11
1
Co.,
50c
8-
1
7-20
50c
8-
1
7-20,
Lincoln National Life Insurance (Ft. Wayne)—
30c
8-
I
7-26
Quarterly
Link-Belt Co.,
306
11-
1
10-26
50c
9-
1
8-
10-
1
9-15
original
Participating
*8%-preferred (quar.)
Participating
Loose-Wiles
7-25
Lord
&
7-25
Louisiana
8-28
Louisville Henderson
31c
8-18
5%
Power
&
Light,
&
non-cumulative
$1.25
7-15
Louisville
30c
8-15
Lukens Steel
&
Nashville
Co
St.
$6 pfd.
Louis
preferred
RR.
(irregular)
7-15
12V2C
10- 1
$1.75
8-15
8-
34%c
9- 1
8-28
$1.50
8- 1
7-11
W
9-15
9-15
| 8-15
Molybdenum Corp.
preferred
of Amer
Loan
Society 5V2 %
pfd.
(quar.J—
Power, $6 preferred (quar.)
Cottons, Ltd., common (quar.)
participating
*
J$1.75
7-20
7-24
Development Co.—
:
9- 1
1
7-20
f
*
8-15
^
preferred (quar.)
preferred (quar.)
$1.50
$1.50
——
Automotive
convertible
preferred
convertible
preferred
Bank of
National
Bearings Metals,
7%
pfd.
Fibres,
9-21
9-28
12-28
.
12-21
Detroit
54'4c
25c
(quar.)—
15e
15c
50c
25c
$1.75
11-10
7-15
30c
8-31
8-15
10c
8- 1
7-15
35c
8- 1
11- 1
8- 1
10-18
Biscuit Co., common
Co.
(quar.)
-
8-18
9- 1
8- 1
8- 1
10-14
(quar.)_
50c
Battery
National
preferred
8-10
-•$1.75
common
National
7%
7-25
!
9- 1
12- 1
8- 1
(quar.)
(quar.)
(s-a; *_*_:?*_*_*-*
(quar.)—
preferred
7-15
8- 1
8- 1
Inc.—
*
(quaf.)
35c
50c
50c
75c
25c
Quarterly *
City Bank of New York (s-a)
National City Lines, class A (quar.)
*
$3 preferred (quar.)
************«*,—
National Container Corp. (Del.) (quar.)***_
Stock dividend (One share of common for
National
7-17
7-21
9-
8
7-18
7-
8
8- 1
8- 1
9-12
7-15
100%
National Distillers Products (quar.)—50c
National Electric Welding Machine (extra)*
l'/2c
National Electric Welding Machine (quar.)_
:
2c
9-12
8- 1
8- 1
8-15
8-1
7-22
2c
10-30
10-20
8- 1
8-15
7-21
,
Quarterly
National Lead Co.,
National
6%
pfd. class B
Insurance
Liberty
$1.50
10c
(quar.)_
(s-a)
t
Extra
,
Extra
®2-5o
$3.50
$1-25
W 25c
preferred
$7 preferred
(s-a)
(s-a)**-*
—*
National Oats Co., 5% preferred (s-a)
$5
Paper & Type
National
__
13%o
$1.1834
(quar.)-_-*_
preferred (quar.)—
434%
9-
9
8-25
12-
9
11-25
9-
1
8-
1
New
York
Air
9-
1
8-
1
New
York
Merchandise Co.
8-
1
7-22
8-
1
7-22
(J. J.) Co., 5%
England Fund—
Certificates of benef.
New
15c
'
Process"Co"r"common
7-31
8- 1
50c
(quar.)*—*
Brake Co
*
1
8-21
9-
1
8-21
North
12-
1
11-20
(quar.)
1st preferred B (quar.)
——.
1
11-20
8-
1
7-17
North American Life Insurance, common
8-
1
7-47
North
American
$1.50
8-
1
7-17
North
Carolina
River
$2.50
8-15
7%
Corp.,
gtd. (s-a)
(quar.)
common
(quar.)
Northern Liberties Gas (s-a)
conv.
preferred
9-10
9-15
9- 9
8-10
9-11
10- 2
$1.50
16c
i"" ^
»- (
15c
8- 5
$3^50
Oil Consolidated (quar.)—*
RR.,
r
9- 1
8-1
$1
12-
Insurance
8- 1
50c
15c
$2.50
.
30c
1st preferred A
Illinois
.
*
T50c
Ml
American Car Corp., common
Northern
o*
„
——
*
9-
$1.50
8" 1
$10
interest (quar.)
(quar.)__
Noranda Mines, Ltd. (interim quar.)
Norfolk 81 Western Railway Co. (quar.)
Adjustment preferred (quar.)
$6
-V
&1-25
Niagara Lower Arch Bridge
$6
8-15
8- 1
8- 1
9- 1,
$5
preferred
_
7-15*
7-22:
7-31
9-15
8-15
8- 1
25c
3"«c
50c
8- 1
*
3-u
25c
*
—
9- v
,
8-18
8-18
7-31
7-31
7-31
7-14
7-15
8-
1
7-15
7-15
8-16
7-15
.
England Trust Co. (Boston) (s-a)
7%
8-15
8- 1
8-1
•
Extra
New
.
$2
$1.5<>
$1.62%
$1.25
preferred (quar.)—
(quar.)
Meter Co., 8%
Newberry (J. J.) Realty, 6% ser. B pfd.
6V2% preferred, series A (quar.)
Newberry
8-15
25c
-
Brothers,
Neisner
9-1
8-15
,
(s-a)
Tea"~5%£'"preferred
National
10- l
9- 1
9- 1
;
25c
—
—
8-15
7-31
5c
25c
(quar.)—
Linen Service, common
National
7-15
- •
each share held)
f25c
7-27
8-15
9-
V
Mutual Chemical
1
8-11
9- 3
9-15
8- 1
50c
$2 class A (quar.)
Co. of America—
7-15
,
lc
$2
25c
-—•*—
8%
9
25c
8-15 -'
.8-1
9
7-27
•
1
t$1.25
(quar.)
9-
8-30
■
8-15
12-
$3
7-15
8- 1
7-31
11-
1
,
75c
New
8-
2
50c
•_
7-15
11-25
9-
Class A fquar.$1.50
8-15
10-14
$1.25
25c
(quar.)
preferred
Works.
Water
8-
'
(quar.)—
1
V 8-25
■
9-15
North
*
7-20
$1.25
$2
(quar.)
1
7-15
8-15
(quar.)
1
Ry.—
(s-a)
8-23
9- 1
preferred
25C
(quar.)
2nd pfd. (quar.)*_*
1
7-15
25c
Biscuit Co.
Taylor, 8%
9-
7-15
*
8-15
$1.25
preferred (quar.)__
1.
9- 1
.
8-
5
Longhorn Portland Cement—
5%
8-
7-15
7-15
$1.25
*
1
8-1
8- 1
10c
(quar.)
1
8-
8- 1
25c
Loew's Boston Theatres
1
8-
$1
15c
(quar.)
8-
$1.50
$1.10
Ltd., cl. A (quar.)__
1
$1.75
Light, $6 pfd. (quaf.)
Mississippi Valley Public Service, common*5% preferred (initial quar.)
Missouri Utilities,
common™..
50C
stock
7-21
>
$1.50
$1.12%
A'--'! 50c
stock
original
7-20
8-31
$1.50
$25c
$3.30
Loblaw Groceterias Co.
7-20
7-20
1
$1.50
9-
-
1
8-
$25
25C
(quar.)
8-
8- 1
v
$1.10
(quar.)
4V2% preferred A (quar.)
Little Miami RR., special stock
Special stock (quar.)**
7-21
25c
$1.12%
(quar.)
A
7-21
$1.75
preferred (quar.)
Newport News Shipbuilding & Dry Dock—
$5 preferred
(quar.)
$1.62V'2
I-
1
1
7-25
Neptune
Quarterly
6V2% preferred (quar.)
Liquid Carbonic Corp., common
1
7-15
1
75c
■■
8-
1
Extra
(quar.)
8-15
8- 5
City Bank (Cleveland)
10-
75c
"
'
9-12
National
5
50c
(quar.)_
1
8-31 'i
8-
*
4
$1
Rochester, N. Y., common (quar.)_
conv.
preferred (quar.)
B
,
9- 5
12-
12-30
25c
1
9-
3c
Chemical & Mfg
50C
Co
9-
5
9-15
8-
'*_
8- 5
8-15
9\
50c
.
National
Va.)—
15c
7-31
;
$1.25
'
:
National
11-
12-15
i
50c
!___*
6%
7-18
9-15
9"1 5
30c
(quar.)
6%
8-11
9-
8-15
8-15
25c
:
4>
7-10
1>
37y2c
(accumulated)-,-*™—*™*
(accumulated)—
7-11
11-15
7-10
6-30
8- I
«•:
(quar.)__**_*
(quar.)
1
25c
4%
Class
lien
8-
25c
8-
1
20c
National
$3
15c
$1.50
1
1:
1
(New York)—
Narragansett Electric, 4P/2%
Nashua Manufacturing
$1.75
7-30
*
7-20
1
1
9-
30c
•
v
7-15
8-
15c
common
7-31
$1
(quar.;__
\
7-20
"
7-31
$1.75
Tailors
preferred
Corp.,
1
$1.75
8- 1
8- 1
(quar.)__
8-
$1.75
Liberty Aircraft Products Corp, (increased)
Liberty Loan Corp., $3'/2 preferred (quar.)__
Liggett & Myers Tobacco, common (quar.)
Class B
(quar.)
4y2%
Co».
8-20
N
$1.25
25c
*
-
8-20
$1.50
*
Corp., 4'/2% preferred (quar.)
Lexington Water, 7% preferred (quar.)
common
7-14
11-30
(quar.)****_*,*_*_
4c
25c
Trust
7-17
1
8-31
20c
6%
9-20
62V2C
&
1
8-
25c
$1
6%
12- 1
2
50c
Alliance Bank
8-
43%C
preferred (quar.)
Munising Paper Co., 5% 1st pfd. (quar.)—
Muskegon Motor Specialties—
9-15
(quar.)_
Leland Electric Co._
Lincoln
7-17
(quar.^455V2c
Quarterly
$1.50
common
(quar.)
Corp.
1
Co.____j.*_*_____*_**___
Dry Corp
Mississippi Power &
Muncle
$2.50
$1.50
Lee Rubber & Tire (quar.)*
Lehigh Portland Cement, common
4% preferred (quar.)
Savers
8-
8-
$3
1
8-
lOe
Life
75c
*
Mount Diablo Oil Mining &
8-
(quar.)_
(quar.)
Glass
8-15
35c
Mortgage Corp. of Nova Scotia
8-19
$20
1
7-
1
$1.50
6
8-29
75C
Libby-Owens-Ford
7-
87'/2c
pfd.
participating preferred (s-a)
Valley Gas Co., 6% pfd. (quar.)__
Custom
7-28
9-
43 Wc
Moore Drop Forging Co.,
Morrell (John) & Co
12-5
'
8-15
25c
2nd preferred (quar.):
preferred
8-15
8- 1
$3
75c
preferred (quar.):
Moody's Investors Service, Inc.—
7-20
7-31
(s-a)____
1st preferred (quar.)_
2nd preferred (quar.)
$2.50
87l/2c
^
preferred (quar.)
8C
Y.)
6%
8-15
7%
9- 5
25c
(N.
7-15
8-15
9-1
50c
Montreal
9-15
8-1
9*
7-20
Rubber
Montana
8-15
$1.25
(quar.)
S.)* Co.
Shoe
Monroe
7-18.
8-15
$2.95
,
(S.
Frank
prior lien
$7
8-25
8-10
$1.50
1
7-31
9-10
(accum.)
Monmouth Consolidated Water Co.—
$1.50
(quar.)__
(quar.)
Lafayette National Bank (Brooklyn)
Lane Bryant, 7% preferred (quar.)
Landis Machine, common (quar.)
Common
(quar.)
:
7%
preferred (quar.)
7% preferred
(quar.)
Lawyers Title Insurance (Richmond.
$1
-
7-14 >
1
I5C
Insurance
50c
common
(quar.)
igbee Company. 5% preferred
ires (Charles E.) Co. (quar.)
$1.50
7-27
1
8-
20c
(quar.)
Fund
Stores
prior
5%
8-
8-
8-
20c
Mquar.)
Semi-annually
7-14
(quar.)
Extra
$1.62V2
N9*;
10-16
$1.06 y4
Extra
Knickerbocker
75c
(quar.)
8-15
30c
(quar.)
7-20
Reclaiming (quar.)*.
Miller & Hart, $1 prior pfd. (irregular)
Mine Hill & Schuylkill Haven RR. (s-a)
■
37V2C
•
1
Mission
1
Island—
10c
Co.
Mid-West Abrasive
7-21
8-1
9-
•31
8-
25c
(quaf. >
$6"preferred
6% preferred
7- 3
25c
3
■18
$1.12Va
5% preferred
(quar.)
Merchants & Mfrs. Insurance
$6
7- 3
1
&
7%
7-10
8-
4
9
8-10
30c
"
preferred
Mid-West
Kings County Trust Co. (Brooklyn, N. Y.)—
Quarterly
Kinney Manufacturing Co., com. (irregular)
$6
1
•
30c
Michigan Bakeries Inc., $1 prior pfd. (quar.)
$7 preferred (quar.)
*
___*
Michigan Central RR. (quar.)
Michigan Gas & Electric Co.—
7-10
8-
87V2C
Kerr-Addison Gold Mines
$3.30
8-15
$1.75
30c
preferred
(quar.)
Co.,
7-13
$1.62%
pfd.
Utilities. 6% pfd. (accum.)
Department Stores, 6% pfd. (quar.)
ershey
7-24
3c
&
ercules Powder Co.,
7-24
$1.75
—
preferred
Corp. of America, 6Vi%
6 % % preferred
(quar.)
earn
7-20
$1.06(4
(quar.)
at
Elec.
9-12
25c
(initial quar.)
avana
9-12
$22 Vic
common
arrisburg Gas, 7% preferred (quar.)
artford Electric Light (quar.)
artford Times Inc., 5%% pfd. (quar.)_;
6%
0-1
:'
t834c
Lerner Stores
1
25c
(quar.)
Ltd
I
anna
Corp.,
$$1.50
150;
Leonard
7-
$1.75
preferred (quar.)
arvill
0-1
15c
8-1
25c
preferred (quar.)—
Instrument, 6%
(M. A.), $4.25 pfd.
(A.), 7% preferred
7-14
0-16
■
8-15
50c
*
::
8- 5
Vegetable Parchment Co. (quar.)
50c
25c
Y.)
(N.
ammond
arris
7-17
$3
(quar.)
Light, $6
Brothers
15c
t$2
(s-a)
riggs Cooper & Co., 7%
7% preferred (quar.)
ale
7-17
i40c
Engineering Works—
(quar.)
L.)
1
$1.75
(quar.)
Dredge & Dock (quar.)
reat Lakes
8-
25c
*
Eastern Fire Insurance
reat
,
,
10-
;
(quar.):
preferred
Electric
Melville
-
7-15
1
}$1.50
Kellogg Switchboard & Supply—
5% preferred (quar.)
Kearney & Trecker Corp. (irregular)
Kentucky Utilities, 7% junior pfd. (quar.)__
6%
56Vic
(s.-a)
preferred
Bank
8-22
1
9-
Lebanon
8-1
$1.25
(quar.)
:
j.
Hosiery, 1%
National
race
—
(quar.)
Belyea^ Ltd., Class A
&
50c
30c
Republic: Insurance
ordon
9
8-
Stove
25c
$5 preferred
common!
conv.
$1.50
50c
___
Company
'llette Safety Razor,
Co.,
2
$25c
Extra
lidden
10-
$1
$1.50
t$1.75
ibraltar Fire & Marine Insurance
ilchrist
,/v
9-
25c
Leath & Company, common
(interim)
eorgia Home Insurance
\
7-10
25c
-
$6
preferred (acculn.)
neral Steel Wares, 7%
7-10*
$1.50
■___*.
$1.50
Brothers, 6%
7-31
7-10
—$1
6%
neral Reinsurance
1
1
50c
(quar.)
Telephone Co. (quar.)
Acceptance Corp, of California-*
(quar.)
preferred (quar.)
5%
Meier
7-20
$1.75
V,
(quar,)__
7-20
•
10c
7-28
25c
1
*50c
Furnace
11-
9-
$1.75
(quar.)
(quar.)___
preferred
6%
7-31
1
8-
20c
40c
$1.12 Vi
common
;A'—-1———i——L--'-;
preferred
pfd.
(quar.)
&
11-15
Mercantile
;
6-30
10c
Kresge
$1.25
8-
common
Kroger Grocery & Baking,
(quar.)_
1
8-31
40 c
(quar.)
(quar.)
Kokomo Water Works Co.,
$1
8-
$1.50
preierred
8-
(quar.)
Inc. (s-a)
McLellan Stores, common
6%
preferred
(quar.)
9-12
10- 2
37V2C
(quar.)
(quar.)L
4Vz%>
preferred
McKales,
8-21
30c
Co.,
Co., 7%
Mclnt.vre Porcupine Mines Ltd.
8-19
9
8-16
8-15
25c
Meadville
1
9-
6-
8-31
preferred (quar.)_
Corp. (quar.)_
McGraw
7-15
1
9-11
334c
(quar.)
40c
Class
<'J
$3
Mercantile
(s-a) 1:
Rhode
7-25
Corp. (s-a)
Inc; (quar.)*
Corp., ;$5 preferred
00
$1.25
tS1.75
7-25
Metals
eneral Motors
.
1
25c
$1.50
(quar.)
McCrory Stores, 5%* preferred (quar.)*_*_**
6-29
$1.25
(quar.)
10 %
7Vi%
——
Mills,
9-16
7-14
;
'Ordinary registered
eneral
'7-15
$2
$1.75
preferred (quar.)
Cable Corp., 7%
pfd. (accum.)
neral Electric Co., Ltd. (Great Britain)—
eneral
eneral
Tea
Quarterly
15c
Extra
L
ii;
_■
eneral Foods Corp., common (quar.)*_*;.:._
$4.50
preferred
(quar.)__
4*
7-31
Kalamazoo
7-20
7-31
'8%
■Z;
2
6-30
Kalamazoo
8-2$
C
lton Industrial Securities, $3.50 pfd. (quar.)
ardner-Denver Co., $3 conv. pfd.
arfield Building, v. t. c*
*
ar Wood Industries.
88-
'
1
20c
preferred (quar.)
Kalamazoo Allegan & Grand Rapids RR. (s-a)
"8-26
37Vic
(quar.)
__I;1——
1
8-21
V, $1
Jefferson Lake Sulphur
50c
;*
9-
Corp.—
Knitting Mills, common (quar.)
preferred (quar.)_________*____**__„
Jewel
8-18
15c
*25c
.
(s-a)
—
of
(B.)
(stock)
Co.,
McCall
7%
8-
7-15
$1.50
•
25C
5
1
A
(quar.)
McClatchy Newspaper, 7%
1
t$2
(quar.)
preferred
Mfg.
preferred
5%
8-21
25c
•
.
*•*
roedtert Grain & Malting (quar.)
Filler Brush,' class A fquar.)
Class
7-21
25c
;***.__
Fort Pitt Bridge Worlcs™L____
Foster-Wheeler Corp., 6%
prior pfd.
ranklin
8%
$25c
—...
Fireman
Kable
common
(quar.)
^ $1
-
Quarterly
8-15
Canada,'Class A___™i.aM
3.
*
8-
7-25
8-
8-
8-
Series
1st
$6
8-1
8-15
held)
(quar.)
preferred
Maytag
of Canada—
preferred
Ironrite Ironer,
25c
Corp.,
convertible
Iron
7-22
*_:—__
Bros.
6%
Participating
com.
Massachusetts Bonding & Insurance (quar.)
Massawippi Valley RR. (s-a)
May Department Stores
6-3(1
8-21
$1.50
(accum.)
preference A (quar.
preference (quar.)
Investors Trust Co.
$1.12%
(quar.)
5
20 c
Nickel Co.
4'4%
of
Corp., common
41/2%
9-20
'
Dredge & Dock Co.—
Quarterly
Foote
pfd.
conv.
of
10 shs.
Fully participating stock (quar.)
Field & Co. (quar.)
12-20
(quar.)
Corp.
7-14
Marshall
7-20
9-
sh.
(1
Corp.
Masohite
1
$1.75
Corporation
(quar.)
Investment Foundation; Ltd.—-
$1.20
4%%
8-11
25C
Jantzen
60c
(irregular)
Corp.
&
8-11
9-21
40c
Intertype
$2
.
Firestone Tire & Rubber,
1
'9-14
1
*
International Utilities Corp.—
$3.50 prior preferred (quar.)
$1.5C
$1
$1
Semi-annual
1
9-
9-30
"j
7% preferred (quar.)_
7% preferred ($5 par)
12c
Fidelity-Philadelphia Trust (Phila.)
(quar.)
idelity Union Trust Co. (Newark, N. J.)—
First
conv.
6%
250
'__*__*
—
9-
9-30
8-
8-
50c
$1.50
Bancorporation—
Initial
12-30
(quar.)
Bond
6%
37 Vic
$1.06'4
(quar.)_
(quar.)
Md.
Marine
International Metal Industries, Ltd.—
30c
1
prior pfd.
of
8-17
5
9-20
12-20
Corp.—
Garden
Co., 6% preferred
preferred
Marathon
7-20
1
8-
1-2-45
Square
Manischewitz
$1.75
;
International
t$2
35c
common
8-10
9-
6834c
preferred
International
(quar.)_
Federated Petroleums Ltd. (interim)
Ferro, Enamel Corp—:
6%
'
Co.
Harvester, 7%
Holdings, Ltd
-
preferred
conv.
1
dividend
(I.)
8-15
10- 2
$1.62Va
Co.—
Manhattan Shirt Co.
_
8-16
25c
preferred
Detrola
t$1.50
—
1
7-15
_
50c
$1.62Vi
(quar.)
pfd. for each
$1.75
International
(accum.)—
• *
Federated
Power
9-
Stock
10-16
$1.75
_
(quar.)*
International Business Machines
3c
$1.25
$1.25
(s-a)
(quar.)
(s-a)
1
9-10
$1.50
(quar.)
;
Group shares
Interchemical Corp., common
6%
preferred
(quar.)
$2.50
(Canada)
8-
common--*
International
Quarterly
Federal Fire Insurance
Magnin
$1.50
(quar.)
Stock &
50c
—
—_ *
8-
Securities, Ltd.—
Insurance Group shares (s-a)™__
Farmers & Traders Life Insurance (Syracuse)
-
5
15c
$1.50
$5 pfd.
8-
(quar.)
$1.75
$1.75
(accum.)
6%- preferred
Corp.,
Fansteel Metallurgical Corp.,
$5
—
Instrument---™
&
$2
H.)
Madison
$1
*
Quarterly
50c
10c
—
pfd. (quaj\)__
preferred (quar.)
6%
Camera
7-24
Institutional
_
Pipe
Exchange
8-12
I
$2.50
;
Indianapolis Water, class A
57o preferred A (quar.)
$1.25.
$1.25
_—^
(quar.)
7-12
1
8-
_*
$5 preferred; (qtiar.)
Indianapolis Public Welfare Loan Assn.—
•
.
1
9-
.**
preferred
Indiana Associated Telephone
$2
-
preferred,
5%%
(R.
8-
(quar.)_*
pfd.
Macy
40c
Incorporated Investors
$1.50
*_
6%
(quar.)
Imperial Bank cf Canada
75c
(accum.)
Co.-(s-a)
7-29
21'4 c.
Illinois Power, 5% preferred
Illinois Zinc Co.__
$1.25
$1.37J/2
$1.50
-
Equity Corp., $3 conv. preferred
8-15
Holdert
Patof Rto,
$1.31'4
County Gas k Electric
preferred
$1.25
(quar.)!
77c
25c
(quar.)
7-29
5%
preferred
$6
25c
(quar.)
8-15
common.....
Lynch Corp.
Lyon Metal Products, 6% partie. pfd. (quar.)
$1.50
*
(initial)
preferred
Idaho
$1.50
:—
-
Employers Group Associates'(quar.)___
Engineers Public Service, $5 pfd. (quar.)—
50c
Co.
preferred
5%
Wtieni
thare
preferred (quar.)
preferred (quar.)™™**.™**,*^
Luzerne
7-17
Hydro-Electric Securities Corp.—
5% preferred class B (s-a)
$1.25
(quar.)
1
(quar.)__
preferred (s-a)
7%
$1.75
12 Vic
:
5%
7%
—$1.50
.
(quar.,)—
Corporation-
Corp.
Huttig SaSh ic Door,
Water—
preferred
Eastern
Bay
Common
$1.50
4
1
90c
Hussman-Ligonier,
15c
common.:
(quar.)
89-
8-
(quar.J*
com.
1
Inc.
Huntington Water,
—
——_
Eagle
Y.),
preferred
Hummel-Ross Fibre Corp., 6%
A
8-31
9-30
(quar.)
Howard Stores
Donnacona
Class
(N.
(quar.)
Howe Scale Co.,
6V2'fa
25c
(quar.)__
common
Co., 6%
Barbizon.
6V27o
7-15
$1.50
Co.,
Co.
7-14
1
8-
Lunkenheimer Co.,
40c
*
(quar.)_
*
Houston Light & Power, $4 pfd. (quar.)
J20c
t75c
X37Vze.
$$1.37%
(quar.)
Hardart
7-14
$1.06 Vt
(quar.)
common
(quar.)
Per
Name of Comvana
of Rec.
8-1
60c
i._
Hoiaert
i
8-
$1.75
(s-a)_
(quar.)
(Joseph)
wrien
Payable
25c
*__**
(quar.)
preferred
Hotel
t$2
_
1st redeemable
cum.
&
5%
(quar.)_____—_
Inc.
(George A.)
Home
t$1.25
Dominion Bank of Canada
preferred
preferred
Horn
25c
_
(quar.)
preferred
(quar.)
Electrochemical,;
$4.25
Dominion & Anglo Investment Corp.—
5%
preferred
tnare
(quar.)
common
Home Insurance Co. of New York
Hooker
62V2c
(quar.)
pid.
.
Inc.,
7%
2 Vi %
—r—
Industries,
Holly Sugar Corp.,
10%
—-—
(quar.)
Domestic
(final)__
I
Corp.-Seagrams,
Co.r common
Cup
Class
Name 0; company
\
20c
——
Distillers Co., Ltd., ordinary regis.
,
Pers.
thare
of Company
Corp.*
467
7-31
7-
1
7-1
7-20
7-20
8-15
7-20
8-31
8-15
8-22
7-22
9-
1
9-20
9-20
8-
1
7-25
7-21
8-24
7-15
7-15
8-
7
•
preferred (quar.)...
Noyes (Charles F.), 6%
$1.50
B
7-27
8-15
7-29
Regent Knitting Mills, $1.60 preferred (quar.)
$1.60 preferred (quar.)
8-15
7-29
Reliance Electric &
10-
2
8-26
9-
1
7-26
37/2c
(quar.)
+/tc
J25c
+$1.75
--
Ogilvie Flour Mills, common (quar.)
7% preferred
(quar.)
Oilstocks Ltd.
(liquidating)
Oliver United Filters, Class A (quar.)—
preferred
(quar.)
Company
Owens Illinois Glass
(quar.)
Pacific Finance Corp.
V
5%
preferred
(quar.)—;
& Light,
Pacific Power
preferred
7%
,
(quar.)
—■'
.
Pictures
Paramount
Co
Parke Davis &
—
7-21
8-15
7-30
Common
(quar.)
$1.40 class A
class
$1.40
(quar.)
common
(quar.)
(Philadelphia. Pa.)—
preferred (accum.)
Pennsylvania Coal & Coke Corp. (resumed).
Pennsylvania Elec. Co., 4.40% pfd. B (quar.)
Pennsylvania Power Co., $5 pfd. (quar,)-—
preferred
6%
7-31
8-
■i
1
8-
■
1
12-15
8-
8-15
6%
11-15
2-15-45
7-14
Petrolite Corp.
$1.25
Phelps-Dodge Corp.
Philadelphia Electric Co.—
4.4% preferred (quar.)
Philadelphia Electric Power, 8% pfd. (quar.)
Philadelphia Transportation Co.—
$1 participating preferred (s-a)
V.t.c. for partic. preferred (s-a)
Philip Morris & Co., 4%% pfd. (quar.)—
4(4% preferred (quar.)
Phillips-Jones, 7% preferred (accum.)
Phillips Petroleum Co. (quar.)—
——
Photo Engravers & Electrotypers, Lta.—
Irregular
—-
(accum.)
Pig'n Wistle Corp., $1.20 preferred
Pittsburgh Bessemer & Lake Erie—
Common
Pleasant
Valley
Wine——
Polaris Mining Co
———
-
Portland Gas &
preferred
pfd. (accum.)—
Coke, G%
(accum.)
7%
Railroad
Portland
Potomac
7%
6%
Edison,
preferred
Power Corp.
Procter &
5%
Co;
5% gtd, (s-a)
preferred (quar.)——
(Me.),
(quar.)
_l__.
—„—
of Canada, Ltd., com. (irreg.)_
Co., common (quar.)
Gamble
(quar.)
preferred
—
Prosperity Co., Inc., 5% preferred (quar.)—
Provincial Transport Co., Ltd. (s-a)
—
Public Service Co. of Colorado (quar.)
7%
preferred
6%
preferred
5%
8%
6%
6%
6%
$5
preferred (monthly)
preferred (monthly)
preferred (quar.)
-
.
-
Public Service Electric & Gas, $5
pfd. (quar.)
(quar.)
Puget Sound Power & Light
preferred
Pullman. Inc.
Purity Bakeries
.
-
-
Corp
_
Purolator Products, $4,50 pfd.
6%
Quaker Oats Co.,
Quarterly
Income
Quebec Power
(quar.)
preferred
(quar.)
Shares
Co.
8-11
7-11
7-20
1
7-20
8-14
7-24
8-
9-
8-17
1
7-10
10-
$1.10
50c
8
8-
1
9-8
preferred
—.
(quar.)_
—_
Corp.—
(quar.)
Randall Co.,
class A (quar.)
Raymond Concrete Pile, common
Extra
$3
Reed
(C.
—
(quar.)_
1
7-14
8-
1
7-14
Seton Leather Co.
$1.75
50c
8-
1
7-20
Sharp & Dohine,
9-
1
8-
50c
40c
9-
1
8-15
Sherwin-Williams
7-21
Sierra Pacific Power, common
1
8-1
4
6%
10-
$2.50
$1.50
A.),
Co.
$2.50
preferred
7-10
Silex
7-20
Simpsons. Ltd., 6(4%
7-22
Sinclair
7-11
Sioux City
8-
7-10
7-15
7-20
7-15
8-19
7-21*
8-
1
1
7-11
7-31
6-30
Skelly
8-15
7-25*
Slater (N.), Ltd.
9-15
8-25
10-
10-15
4
(irregular)
preferred (quar.)
6%
8-15
8-
41 (4c
8-
1
7-15
8-
1
7-15
8-
1
7-15
South
Southeastern
1
9-30
8-31
8-15
9-15
8-15
8-15
7-14
8-
25c
$2
$1.75
50c
50c
50c
$1.25 J
'
9-15
9-30
$1.50
11c
8-31
c.ommon
5
5
4
7-20*
7-20*
9-30
1
'8-15
8-
1
7-21
8-
Life
8-25
7-21
8888-
7-20
Standard
88-
.
7-20
Standard
7-20
7-20
7-21
$1.60
Chemical
Co..
Ltd.
Dredging Corp.,
preferred
preferred
I
Pursuant to the
8-
7-29
8-10
7-31
8- 1
8- 1
8-15
6-30
7-15
8-1Q
7-31
6-30
7-31
"8-10
7-31
7-
8- 1
7-15
3
7-21
8-1
8- 1
FOREIGN
9-15
8-15
9-
1
8-15
8-15
9- 1
9- 1
8-15
7-20
8-15
8-15
7-20
RATES
7-15
8- 1
BY
JULY
FEDERAL
9-15
8-15
9-15
9- 5
10-13
10-11
1
8-15
8- 1
8-21
7-20
25c
$1.62(4
10c
21
TO
JULY
1944,
California
Value
July 21
July 22
$
Argentina, peso—
Official
$
.297733*
Class
$1
Brazil, cruzeiro—
3.228000
B
Class
9-
7-31
10-
10-16
6
i__
Co., 4%%
United
Free
Fire Insurance
S.
Hoffman
99-
8-19
1
now
cer¬
ACT
OF
1930
$1.18%
conv.
preferred
U.
S.
58y3c
U. S. Rubber
8%
$
.297733*
.251247*
3.228000
July 27
$
.251247*
3.228000
.051275*
.901875
.572766*
.90°090
.901718
.572766*
4.035000
4.035000
4.035000
4.035000
4.035000
4.035000
India (British), rupee
.301215
.301215
.301215
.301215
.301215
.301215
Mexico, peso
.205740
.205740
.205780
.205780
.205800
.205600
Match
Official
—
.909090
"".909090
'
.898750
.909090
v
.909090
.898750
.899583
;
.909090
.909090
.899375
.899166
New Zealand, pound
V
3.244203
3.244203
3.244203
3.244203
3.244203
3.244203
Union of South Africa, pound_.
3.980000
3.980900
3.980000
3.980000
3.980000
3.980000
Uruguay, peso—
Controlled
.658300*
.658300*
.658300*
.658300*
Noncontrolled
.529600*
.529600*
.545750*
.546000*
...
,658300*
.545966*
.658300*
.546180*
7-15
9-
1
8-15
53c
10-
2
9-15
50c
8-
1
50c
9*
I
8-15
50c
10-
2
9-15
10-10
9-20
8-
$2.50
7-15
8-
1
1
7-14
68 %C
8-
1
7-20
25c
8-
1
7-15
8-
1
7-15
$1.75
10-
1
9-10
40c
12-20
11-29*
8
8-25
9-
8
8-25
$1
(quar.)—_
common
9-
$2
8-
I
7-18
8-31
50c
10-16
9-15
10-
2
10-
2
9-21
1-2-45
12-23
62y2c
62 y2c
8-25
9-
9
$1.75
9-
9
9-
I
$1.75
12-
9
12-
1
20c
8-
1
7-15
37y2c
8-
1
7-15
50c
—
—
(quar.)—
Virginian Railway, 6% preferred
Vulcan Detinning, common—
7-19
10-31
$2
8% preferred (accum.)
prior pfd. (quar.)
(quar.)
Co
7-31
50c
Vapor Car Heating, 7% preferred (quar.)
7% preferred (quar.)
Vertientes-Camaguey Sugar Co. of Cuba
9-16
50c
—^
Works
Iron
8-31*
40c
prior preferred
Dorn
9-20
50c
—
Knitting, 5%
9-
9
$1.50
9-20
$1.75
10-20
10-10
J20c
9-11
8-10
t$l
9-15
t25c
preferred
9-15
(H.) Gooderham & Worts, Ltd.—
Common
(quar.)
$1 preferred
Warren
—...—
(quar.)
Co., class A
Brothers
Class
B
67 y2 C
(s-a)
(S-a)
Welch Grape Juice Co.,
Wellington
7%
pfd.
8-31
■
8-11
7-20
1
7-20
1
1
7-15
$1.12 y2
8-10
7-25
$1.25
8-10
8-
8-
$2.33 y2
$1
,
7-25
1
7-31 ?
7-22
$1.75
8-31
8-15
t$1.75
8-15
8-11
8-
7-18
(s-a).
(quar.)
(s-a)
$2
Mills (irregular)
Manufacturing—
.
1
"
25c
(quar.)
8-15
8-
1
Steel Foundry 7% pfd. (quar.)
17y2C
8-
1
7-15
(quar.)
6% preferred (quar.)—
(quar.)—
Manufacturing Co. (quar.)
43 %c
.9-1
8-15
$1.50
8-15
7-17
$1.75
8-15
7-17
conv.
414%
8-
37y2C
pfd.
Electric.
preferred
Point
8-
$1.25
Wellington Fire Insurance
75C
8-
1
7-15
Pulp & Paper Co.—
$1.12%
(quar.)
preferred
8-15
8-
Insurance
1
30c
(quar.)
Western
Canada
614 %
Flour
preferred
8-
1
7-15
10c
Westchester Fire
8-
1
7-15
Mills—
$2 ;• ;
(accum.)
7-31
e
7-12
Western
6%
Department Stores—
convertible preferred
(quar.)
6%
special
Weston
(George),
$1
Westvaco
$4.50
Chlorine
preferred
5%
White
pfd.
75c
7-20
7-20
9-1
10-
2
9-15
8-
1
7-8
Products—
$1.12%
(quar.)
8-
1
7-10
$1
8-
1
7-25
$1.37%
preferred (quar.)
preferred (quar.)
(S. S.)
Dental Manufacturing
8-
1
7-25
30c
8-14
7-30
50c
8-
1
7-20
■Vv-
V
Sewing Machine Corp.—
(quar.K—
$4 conv. preference (accum.)—
Williamsport Water. $6 preferred (quar.)___
Willys-Overland Motors—
Final dividend to redemption date
Wilson & Co., $6 preferred (quar.)
Wilson Line, 5%
1st preferred (s-a)
Winnipeg Electric, 5% preferred
$2
1
9-15
t$1.25
(quar.)
(quar.)
Wheeling & Lake Erie, 5%
514%
8•?
1
25c
(quar.)
Ltd.,
8-
37y2c
Coal
Inc.
37V2c
(accumlated)——
preferred
Westmoreland
prior
Winters
•Nominal rate.
1
53c
53c
(quar.)„
'
.898750
;—'.
Free
9-15
Corp
Upressit Metal Cap,
White
Newfoundland, dollar—
8-15
.297733*
.060601*
.909090
1
2
Universal Pictures, common.
7%
7-15
9-
10-
Co., common
Leaf Tobacco,
Universal
Van
1
58y3c
cumulative 1st preferred
Utica
8-
58y3c
7% prior pfd. (quar.)
U. S. Pipe & Foundry, common (quar.)„_—
Common (quar.)
West Virginia
July 26
.572766*
7-31
Leather,,
West
Money
.902187
7-15
9-1
(quar.)
Industrial Chemical
7%
.051275*
.572766*
8-1
t$l
25c
514%
West Michigan
.060601*
.901250
7-18
Extra
1
10c
.051275*
.572766*
7-18
1
—.
8-19
.060602*
.901250
1
8-
(quar.)__—
Machinery—
S.
U.
Walker
1
.051275*
.572766*
6
7-31
8-
8-17
7-31
.051275*
.901250
7-
22c
15C
+
—
8-
Westmoreland.
Colombia, peso
7-15
50c
7-15
Canada, dollar—
England, pound sterling
7-10
7-10
30c
9-
in New York
.909090
1
1
8-15
(irregular)
Specialties Co.
8-31
.060602*
.909090
88-
$38c
(Del.)—
7% prior preferred (monthly)..
7% prior preferred (monthly)
7% prior preferred (monlhly)
6.36% prior pfd. (monthly)
6.36% prior pfd. (monthly)
6.36%
prior pfd. (monthly)
6% prior pfd. (monthly)
•6% prior pfd. (monthly
-:6% prior pfd. (monthly)!
United New Jersey RR. & Canal Co. (quar.)
9-15
.060601*
.909090
7-31
32c
.
preferred (quar.)__
non-cum. pfd. A
8- 1
8-1 1
.060601*
.909090
7-31
8-10
7-10
5%
7-15
.051275*
Official
8-15
(quar.)
Waite Amulet Mines, Ltd. (interim)
1
'
Official
8-15
(quar.)
8-19
TARIFF
.251247*
8-10
7-21
10c
9-
-
3.228000
8-15
;—
9-9
$
.
7-18
25c
Tool, class A (quar.)
9-15
.297733*
.251247*
3.228000
1-20
1
8-
$1.25
$1.12(4
July 25
.297733*
.251247*
3.228000
States
2-2-45
$1.12 y2
a
B
$1.75
United
8-10
11-10
8-1
$1.50
(quar.)
Webster & Atlas Nat'l Bank (Boston)
$
"v
.297733*
.251247*
Free
Australia, pound
in
7-15
8-15
20c
Washington Gas Light, common (quar.)
4yz % preferred (quar.)
$5 preferred
(quar.)
Webster iiiisenlohr, 7% preferred—
July 24
8-23
11-15
(quar.)
Ltd., class A
United Drill &
5%
INCLUSIVE
Country and Monetary Unit
1
1
7-31
25c
(quar.)—
45c
40c
Buying Rate for Cable Transfers
1
8-
8-15
Cigar-Whelan Stores Corp.—
West Penn
Noon
8-
8-15
9-
$1.25
$1 convertible preferred
27.
7-20
7-21
$5
$4.50 pfd.
$50c
UNDER
1
1
(s-a)
$1.12(4
$1.25
$1.06(4
(interim)
TREASURY
8-
8-
—
of
Corps.,
(Dallas)—
(quar.),.:
TO
7-20
$5
preferred
(accum.)
preferred (initial)
Wentworth
RESERVE BANK
7-20
1
25c
prior
Common
oreign Exchange Rates
CERTIFIED
2
1
12y2c
—
(quar.)——
Co.
Universal
record for the week just passed:
EXCHANGE
8-
8-
(quar)
■.
$5 preferred
6-30
requirements of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank is
We give below a
7-21
8-15
8-
>/
Union Electric Co. of Mo.,
7-21
7-30
10- 2
9- 1
tifying daily to the Secretary of the Treasury the buying rate for cable transfers in the different countries of the
world.
7-10
8-22
58y3C
—
C
8-21
7-31
(Phila.)—
Tung-Sol Lamp Works, 80c pfd. (quar.)
Tyer Rubber Co., 6% preferred (quar.)
United
$1
common
8-31
25C
Semi-annual
7-21
7-31,
50c
(s-a)
Troy & Bennington RR.
8-12
7-18
11-27
41%c
.Quarterly:
$5
7-18
25c
■
OH
8-11
1
12-
$2.50
(quar.)
Corp.
Universal Insurance
Trinity
;
8-15
90c
$1.50
7-29
...
7-20
8-25
1
15c
(quar.)
7-20
—
7-15
6-17
25c
Trust
&
8-
Quarterly
1
8-
1st
$5
$1.25
(quar.)
1
9-15
7y2c
Transamerica
7-22
37(4c
preferred (quar.)
Sovereign Investors, Inc.—
Spalding (A. G.) & Bros., 1st preferred
Spencer Kellogg & Sons
Spiegel, Inc., $4.50 conv, pfd. (quar.)
Squibb (E. R.) & Sons, $5 pfd. A (quar.)—
$4.25 preferred B (quar.)
Standard Brands. Inc., $1.50 pfd. (quar.)—
8-
1
Light & Railway Co.
(quar.)
Co.
11-15
35c
;
United
Phosphate & Acid Wks.
Insurance
1
$1.50
Bank
Company, common
8-24
35c
Wholesale
12-
$1.25
(quar.)
(monthly)
(monthly)__.
Natl.
7-20
$1.20
Southwestern Public Service Co. com.
1
preferred
U. S.
6(4%
t25c
$1.50
50c
25c
Railway Co.—
preferred
8-15
tic
88-
(quar.)
non-cum.
Southwestern
8-25
9-
5%
Southern
9-
1
50C
Extra
1
Electric—
Southern
f
1
9-
(St. Louis)
Drug
(quar.)—
Power,
Gas &
10-
50c
(irregular).
Grain Growers,
37(4c
J20c
Canada
7-22
40c
Mines
United
31 (4c
Indiana
preferred
Gold
preferred
Trane
7-26
8-
Corp.
Brewing Co.
ft
7-20
8-
1
(irregular;
pfd.
United
Ltd. (quar.)
pfd. (quar.)
Southern
4.8%
Insurance
$6
8-
8-
1
Quarterly
7-22
8-15
8- 1
8- 1
10-14
9-
7-14
7-14
50c
1.,
6-30
8-15
1
1
8-
7%
8-11
8-
88-
$1.75
Tradesmen's
t$1.50
$1.50
37(4c
(quar.)
7-10
20c
8-
U.
Southern
7-20
9-15
preferred
1
8-
$1.12 '/a
(quar.).
9-
1
12(4c
Water, 5%
7-17
$1.50
7-31
35c
$1.50
pfd. (quar.)
8-15
1
37y2C
7-20
$1.75
75c
*30c
Greyhound Lines (quar.)
California
8-30
8-15
Power Co.. $6 1st
1
8-
preferred
6%
Ltd.—
California Edison Co.,
6%
8-30
9-30
Carolina
9-
Tokheim Oil Tank & Pump Co
Toledo Edison Co., 5% pfd. (monthly)
7-20
6-30
5
8-15
$1
;
Class B
7-10
Extra
8-15
$1.25
$1.75
30c.
50c
■.
35c
$1.13
Mills,
8-
1
*20C
(quar.)
8-
—
(quar.)
Southern
9-15
9-15
Paper
preferred
8-10
;; *25c
preferred
8-1
....
Southern
8-15
10-14
(Howard)
6%
7-15
9-15
41%c
Smith
1
8-15
$1.75
7-18
(Interim)—
Common
5
9-
9-
(accum.)
7% pfd. (quar.)_
&.Light, $6 preferred (quar.)_
7%
preferred (quar.)
Thatcher Mfg., $3.60 preferred (quar.).
Thermatomic Carbon Co., $5 pfd. (s-a)
Toburn
7-15
40c
—
7-24
$1.50
Power
Tivoli
5
8-15
Smith Agricultural Chemical Co.—
$1.25
$1.25/
t20c
1st
Title
7-15
20c
50c
1
Texas
7-20
common
$1.75
t20c
7-28
8-
>
Terre Haute Water Works.
7-15
88-25
(increased)
& Electric,
Gas
preferred (quar.)
Oil Co,,—-i
7%
/
Oil Corp.
7
8-15
31>/4C
...
Tacony-Palmyra Bridge, 5%
Telephone Bond & Share—
7-10
t$2
$1,62(4
6(4% preferred (quar.)
7-20
1
9-15
10- 1
8- 1
8- 1
15c
preferred (accum.)
7
7-
37!/2C
(quar.)
Swift & Co. (quar.)
+
Syracuse Transit Corp., common
Common (irregular)
7-25
8-
—
1
8-
—
7-
1
*:
35c
$1.50
25c
62(4c
__
Co.
8-1
,
common
preferred
tl5c
i
(quar.)
8-15
1
8-
7-25
United
87'4c
1
8-
25c
6% preferred (quar.)
Superior Portland Cement,
9-10
(quar.)
(quar.).
8-10
8-
12-21
Union
(interim),
Canada
of
Steel Strapping,
8-25
10c /
10c
$1.50
$1.75
9-20
9-10
Corp,
pieferred
Signode
9-15
1
7-10
1010899-
(irregular)
$3.50 conv. pfd. A
Shawinlgan Water & Power Co
Sheraton
75c
50c
(quar.)
$2 preferred
:—-
12-15
8-
.
preferred (accum.)
Sun Oil Co., 4(4% preferred A
Sun Ray Drug, common
+23c
—
12-30
"
J75c
2nd
$4
25c
Shoe Co
Servel, Inc. (quar.)—
9-15
t75c
Oil, Ltd.—
A partic.
Participating
50c
12V2c
25c
Security-First Natl. Bank (Los Ang.) (quar.)
Selby
8-
9-30
$1.25
(quar.)
(quar.)."
Corp., $1.25 preferred (quar.)
Class
7-10
8-15
8-15
5
8-15
$1.25
preferred A
A.)
(D.
50c
9-30
8-18
31V4C
•
8- 1
9- 1
8- 1
8- 1
8- 1
7-31
8-10
8-15
(quar.)
of Reo.
■
common
(quar.)
$1.50
Holder$
1
Suburban Electric Securities—
7-15
7-17
9-30
8-
Stuart
10-16
8-
10-21
50c
$1.12%
$1.06'4
■-
10-16
8-15
10-21
50c
25c
-
preferred
preferred
Inc.,
prior
Struthers Wells
7-15
■
(quar.)
Co.
9-
Strawbridge & Clothier-+6%
7-19
$1.05
,
:
Radio-Keith-Orpheum
6%
& Whitehall
50c
preferred (monthly)
——
of N. J., common (quar.)
preferred (quar.)—
_—
preferred (quar.)
__:
preferred (monthly)
7%
1
8-10
$2.25
20c
25c
40c
-
&
(A.)
Sterling,
9-12
7-31
8-1
11-1
11- 1
8- 1
8- 1
8- 1
9-30
12-30
preferred
Stein
7-21
t$1.50
10c and 25c Stores
+$1.75
St. Louis Car. 7% preferred (quar.)
$1.75
St. Paul Union Stockyards (quar.)
37 (4c
Schenley Distillers Corp., new common
50c
Schumacher Wall Board Corp., com., (quar.)
25c
$2 preferred (quar.),,,, 50c
Scotten Dillon Co, (irregular)
10c
Scott Paper Co., $4 preferred
(quar.)
$1
$4.50 preferred (quar.)—
—
$1.12(4
Seaboard Surety Co
.
50c
Secord (Laura)
Candy Shops (quar.)
t20c
Securities Acceptance Corp., com. (quar.),,
10c
6%
preferred
(quar.)
37(4c
7%
7-15
<
'
9-12
.-
(quar.)—
common
Inc., $6.50 preferred (quar.)
58(40
(monthly)
(monthly)
Public Service Corp.
•
1
8-
75c
(s-a)
1
9-1
$1.75
$1
Co
8-
1
8-
fl.10
——
——
_
Brewing
7-26
9-
7-21
Canada,
of
Co.
7%
7-20
1
1
1
1
1
—
Ltd.,
Saguenay Power Co., Ltd., 5(4% pfd. (quar.) }$1.37(4
St. Joseph Water, 6% preferred (quar.),—
$1.50
St. Lawrence Flour Mills Co., com. (quar.),
+35c
7-19
8-15
50c
Pennsylvania State Water, $7 pfd. (quar.)—
Peoples National Bank (Brooklyn) (s-a •
Peoria & Bureau Valley RR. (irregular)
Pfeiffer
7-31
80c
conv.
non-cum.
-
'
Co
5% preferred (quar.)
Stecher-Traung Lithograph Corp.—
5%
preferred (quar.)
5%
preferred (quar.)
Steel
(quar.)
—
.
(quar.)
Inc., 5c,
Rutland
Penn Investment Co.
$4
2
RR. Co.—
$5
Royal Bank of Canada
6-30
1'
11-
(quar.)
Co..
Co.,
preferred
Rose's,
2-5-45
8-15
8810108-
When
Payable
50c
Works.
Stanley
7%
Light & Power—
Paper
Roos Bros.
5
11- 4
8-
Cement
Rockland
Rolland
9-15
1-1-45
1
8- 1
8- 1
8- 1
8- 1
9- 1
8- 1
8- 1
8-15
9- 1
8- 1
8- 1
9- 1
$1
—-
Rochester Transit Corp
7-26
1
+
9-21
8-
Stoker
Standard
8-24
50c
75c
$1.25
37(4c
50c
13c
J 15c
+$1.50
$1.62>4
25c
(quar.)
preferred (quar.),
Rochester Button, $1.50 conv. pfd. (quar.)—
8-31
8-15
A
Riverside
8
9-11
(quar.)
pfd.
preferred (quar.),,
Rich's, Inc. (quar.),
7-15
10-
(quar.)—
(quar.)
$2
7-20
7-31
preferred
Class
7-15
9-
7-13
8-10
9-14
10-12
9- 1
12- 1
Rhode Island Public Service Co.—
7-20
9-30
35c
35c
$1.75
31 (4c
37(4c
(quar.
Manufacturing Co., 5%
6%
Name of Company
of Rec.
(R. J.)
B
Rheem
7-20
8-15
8-1
35c
+75c
t$1.50
(quar.)
A
7%
7-31
8-15
(irregular)
Tobaccointerim)
(quar. interim)
1st and 2nd preferred
Class
7-31
8-15
50c
35c
35c
(quar.)
Penman's Ltd.,
8-15
37%c
34/ac
31/ic
75c
10c
50c
(quar.)—
$1.40 class A
7% pfd. (quar.),,,,
preferred (quar.)—
Reynolds
7-15
8- 1
$1.12(4
13%c
5c
15c
15c
15c
15c
$1.75
$1.31(4
12 (4c
12(4c
(quar.)
Reymer & Brothers, common
Common (irregular;
Common
$1.50
Peabody Coal Co., 6% preferred (accum.)—
Grinding Wheel Co
(Peninsular Telephone, common (quar.)
Peninsular
4
1
.
<quar.)_
preferred B
preferred B
5(4%
4
8-
8-
32 %c
50c
30c
$1.30 pfd. (quar.)
(increased quarterly)—
Pacific Public Service Co.,
8v
$1.25
30c
30c
Revere Copper & Brass,
9-15
2
$1-50
51.75
pfd. (quar.)
$6
6%
2
40c
40c
Per
thare
Holdert
When
Payable
Engineering—
conv.
6%
7-20
10-
„i,7
—
pfd. (quar.)——
preferred (quar.)
5% preferred (quar.)
Pacific Lighting Corp. (quar.)..
5%%
7-20
10-
50C
Electric. 6%
Pacific Gas &
7-15
7-31
7-31
of Calif.—
.
1
7-15
10-15
(quar.)
Republic Drill & Tool, 55c pfd. (quar.).—,
Republic Investors Fund, common
6% preferred A (quar.),,
—
6% preferred A (quar.)
...
8-15
U5c
?$1.25
51
Outlet
8-
8-15
5c
+20c
(quar.)—
Ottawa Light Heat & Power, com.
7-14
8-15
preferred
50c
50c
(quar.)
preferred (quar.)
Reliance Mfg. Co.
(111.), common
Remington Rand Inc., common
$4(4 preferred (quar.)
$5
7-14
1
•
,'n
(quar.)
——
Ottawa Car & Aircraft, Ltd., common
1
8-
non-cum.
2nd
7-24
1
8-
10c
Extra
7-15
8-
?25c
(quar.—
4%
'
25c
t$l
pfd. (accum.).
Ontario Steel Products, common (quar.)—
7% preferred (quar.)
Ltd.. 7%
Oswego Falls Corp.
-
*8
50c
*;■'
(quar.)_
B
Ontario Silknit Co.
5%
7-13
22%C
(quar.)
AA
class
Class
Class
7-31
8- 1
,
Moffatt & Co,—
O'Connor,
25c
(quar.)
1st preferred
Co., common
Reading
8- 1
$1.50
50c
New
Share
Name of Company
Payable of Rec.
(quar.)__
Hampshire
Engineering Co
of
RR.
Northern
Northwest
Per
Holder«
When
per
thare
Name of Comvany
Monday, July 31, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
468
&
preference
Crampton
50c
8-
1
7-20
$1.50
9-
1
8-11
;
5c
8-
1
8-
1
7-17
,
$1.50
$2.50
8-15
t$2.50
12-30
11-15
18 %c
8-15
7-31
7-
1
Corp.—
convertible preferred
(quar.).i
Volume
THE COMMERCIAL & FINANCIAL
Number 4303
160
Per
Payable
8-
1
7-15
8-
1
7-15
City, $72,000,000 in the San Francisco District,
$464,000,000. at all reporting member banks.
U. S.
Government deposits declined in all districts except the
Richmond District.
$1
8-
1
1
11-
1
10-16
Electric
Wisconsin
Co.—
Power
7-31
7-15
2
2
1
5%
preferred
7%
&
.8-1
Woolworth
W.)
IF.
40c
-
—
20c
&
8-
Assets—
York
knitting Mills, Ltd.,
1st preferred
25c
8- 9
2nd preferred
7-31
($3.50
8-15
5j/2%
—
preferred A (quar.)_.
9-15
8-19
(quar.)
8-
5c
.
(37'/2C
-
-
Co-operative Mercantile Institution—
Quarterly
—
»
brokers
and
dealers
t
closed
not
8-31
7-15
1
7-15
8-
7%.
a
9- 5
9-15
12-15
*-+-
450
+
12-
income
—176)
1,072
—
—
hand and
1,331
2
425,735
+
1,820
290,304
+
3,648
19,115,164
Discounts and advances
10,749
1,745
Accrued
70
5%
+ 284
855
:
Bills
■'
Certificates
Debits
;
demand
to
I Bonds.
C£"
*•':',
1,359,936
i':■>t-
—'
Total loans and securities
+
243,901
F. R. notes of other banks
75
33
33
Uncollected items
y
Bank premises
6,874,009
—138
.'■*+
+
+
58,117
+
.39
—
64,601
—
4,015
+
1,163
Total assets
35,775,363
.
to
—283
+9,133
8,862
—406
+
and
12,792,593
38,544
+
402,698
+
42,958
—
14,403
U. S. Treasurer—gen. acct—
'
Foreign—
i;
Other
T Total
1,414,721
+ 4,767,054
358,354
deposits
483,418
J56.497
the
:
Deferred
availability items
Other liabs., incl. accrd. diys
|
+
-v+
225,788
76Q
+
1,965
7,546
*
Total liabilities
«F '56,913
—124,913
1,347,675
+
'
Capital paid in_„-
■'
159,182
•
Surplus (Section 7)—;
'
72
+
188,097
*'*
Surplus (Section 13b)
Other capital accounts
■
——
•
■
82,245
?
1,091
+
res.
order
113
Other
Management
Provision
to
cause
on
or
signed
35,775,363
make
56.3%
indus-
trial loans-—
July
dissolution
why
26
.2%
—
jr.1 V...'—.——.
—:—:
——
Asked—
The condition
of
Cities
the
shows
Week ended
increases
ment
of
statement of weekly
Federal
the
Reserve
following
—.
reporting member
in 101 leading
System
principal
changes
■ -
for
obligations
and
with
filed
the
petition
p.
of
the
corporation should
not
$8,213,636,
it
was
the
in
clined
'
^
purchasing
'
p.
Other loans for the
same
carried
Nu-Enamel Corp.—Declares Two Dividends—
The
directors
have
declared
two
quarterly
dividends
of
29,
cents
de¬
this year,
and in each quarter during 1943.—V.
160, p. 331.
of $1
share was paid on account of accumulations on
stock, par $100, on July 29 to holders of record
also disbursed on Jan. 29 and April 29,
per
amounts were
for
forces
performing
the
stockholders
The
of
City, $41,000,000 in the
'Chicago District, and $5,000,000 at all reporting- member
'banks, and increased in most of the other districts.
Holdings of Treasury notes increased $42,000,000 in the
San Francisco District, $24,000,000 in the Atlanta Dis¬
trict, $20,000,000 in the Chicago District, and $84,000,000
at all reporting member banks.
Holdings of U. S. Gov¬
bonds
increased
$41,000,000 in
the
San Fran¬
District, and $146,000,000 at all reporting member
banks.
Demand
deposits
adjusted
increased
$181,000,000
in
directors
59%
cents
on
per
July
share
25
on
declared
the
4%%
a
quarterly dividend (No. 2)
stock, series A, par
preferred
share, payable Aug. 15 to holders of record Aug. 2.
An
initial quarterly distribution of like amount was made on this issue
on May 15,
1944. - (For offering, see V. 159, p. 1388.)—V. 160, p. 331.
$50
.
per
Overseas Securities Co., Inc.—Earnings—
The net
market
before deducting the outstanding debentures, amounted to
assets of
the company
quotations,
$2,954,009, equivalent
as
of June 30, 1944, based on
of debentures, as com¬
pared with $3,001.24 on Dec. 31, 1943. and with $2,994.39 on June 30,
1942.
After deducting the outstanding debentures
at par, the net
assets per share of outstanding capital stock were equivalent to $14.89,
as compared with $12.08 on Dec. 31.
1943. and with $12.04 on June 30,
1943.
In the calculation of these asset figures no provision has been
made for possible Federal and State taxation on unrealized profits on
the company's holdings of securities as of June 30, 1944.
,
■
to $3,467.15
per
$1,000
meeting
annual
indicated.
Trippe
an
explanation of
the
$3,800,000 item of
in last year's
hotel and res¬
operations other than transportation"
Mr. Trippe said $900,000 came from
from
account.
income
for
asked
stockholder
A
"revenues
operation,
$700,000 from navigation- school activities and
from the sale of radio equipment to the armed forces on
contract basis.
Prescott Sheldon Bush, of Brown Brothers, Harriman
& Co., has
been elected a director to succeed the late Norman H. Davis. Vernon
taurant
$450,000
emergency
an
F.
President of Peerless Oil & Gas Co. of San Antonio, Tex.,
B. Dean, Vice President of Pan American Airways in
Taylor,
and
Howard
Latin American
160, p. 49,
of
charge
—V.
activities, were also added to
the board.
Pennroad Corp.—Earnings—
6 Months
Ended June 30—
income
'
State
&
General
1944 >
$936,115
V
——
najd
taxes
^estimated)
legal expenses
Fed. income taxes, normal & surtax
$777,336
Net income
Sheet, June
receivable
Accounts
102,619
155.952
45
110,103
••
—-
$751,889
$850,672
&
—
$1,446,646
44,450,620
1943
$959,817
46,057,933
11,130
....
155,086
149,608
1
249,200
Account
Furniture
Total
and on hand
—
income
Suspense
6,298
74,511
1944
deposits in banks,
Investments at book values
Accrued
1,013
30
Assets—*
Cash—demand
-r
$1,011,483
1,074
6,923
69,318
6,637
73,734
expenses
Extraordinary
1942
1943
$1,042,704'
2fl67
'
•
Balance
Holdings; of Treasury bills increasing $284,000,000.
of Treasury certificates of indebtedness de¬
fee
nominal
the
at
District, $25,000,000 in the Chicago District, and
Oklahoma Natural Gas Co.—Dividend No. 2—
29,
159,
American Airways Corp.—New Directors, Etc.—
corporation is
The
Federal
7V2
share on the $1 par common stock, payable Sept. 30 and Dec. 30 to
holders of record Sept. 15 and Dec. 15, respectively.
Quarterly dis¬
tributions of 7'/2 cents each were also made on March 31 and June 30,
\
Co.—$1 Dividend—
■
•
'
„
.
1943.—V. 159,
substatnial contract services for the
of $1, Juan T. Trippe, President,
held on July 20. Mr. Trippe
said the decrease in 1943 earnings, to about $1,900,000 from $3,700,000
in 1942, resulted largely from these wartime
services. He said that
while
passenger
revenues
would
increase in 1944 over 1943, the
corporation was going to
continue its policy of helping the war
effort at nominal cost as long as the war continued.
He held out
only a moderate hope of an important increase in earnings for this
•year.
;r- : ;'v
'■■
Mr.
Trippe said that all North Atlantic operations at the start
of 1943 were transferred to Navy jurisdiction, and no fare receipts
or
mail pay was recorded from this division, one of the reasons for
the earnings decrease.
Another was a reduction in the rate of mail
pay for the Latin American division.
Mr. Trippe said that the Latin
American
mail pay
question had been under review by the Civil
Aeronautics Board and that a decision was
handed down July 19,
but that Pan American had not yet had time to calculate the effect
on
future mail revenues.
Mail revenues in 1943, he stated, declined
about $5,250,000, to
about $6,800,000. The Latin American division
mail service was on
a self-sustaining
basis at the 1943 rate, Mr.
94,168,241' pound
per
clined $60,000,000 in New York
•
were
9,146,118
2,661,204
In
1943
the following dividends were paid: ' Jan.
July 29 and Oct. 29, $1 each, and Dec. 10, $2.50.—V.
>
;
V
year.
TfltPfPSt'.
Holdings
cisco
227.
loads
V
or carry¬
purpose
Traffic—
of $3,707,578 in 1944 and $3,651,997 in
preferred
585.
Total
$46,000,000 in New York City, $29,000,000 in the
ernment
(Del.)—Weekly Ouput—
for
8,941,173*
2,661,204
outstanding
'
Pan
miles, an increase
of more than 22,500,000 pound miles over the May mark.
The report showed both mail and express figures for June exceeeed
those for the same month a year ago.
Mail loads for June. 1943,
totaled
391,033 pounds and express loads 102,081
pounds.—V. 160,
$176,000,000 at all reporting member banks.
-
Co.
company
35,911
61,180
this
corporation
These
May.
ing U. S. Government obligations declined $200,000,000
in New York City and $223,000,000 at all reporting
Atlanta
Power
this
1,661,200
12,712,500
20,846
Like
April
recently reported substantial increases in both its
air mail and air express loads for the month of June.
Planes of the
NWA
fleet flying between Chicago, the Twin Cities and the Pacific
Northwest
carried
436,929 pounds
of
air mail
during the month.
Croil Hunter, President and General Manager, disclosed that the figure
represents an increase of more than 81,000 pounds over the May total.
Northwest carried its June mail loads 390,597,134 pound miles, exceed*
ing the figure for May by 101,500,775 pound miles.
Mr. Hunter also announced pounds of air express flown by Northwest
in June totaled
157,330, approximately 35,000 pounds more than in
demand deposits
.
member banks.
of
Northwest Airlines, Inc.—Mail and Express
The
adjusted, and decreases of $283,000,000 in U. S. Govern¬
deposits and $406,000,000 in deposits credited to
Loans to brokers and dealers for
States
'1,400,000
16,437,570
1942
year
shares
1,409,363
646,327
per
6%%
armed
the week ended July 22, 1944,
totaled 39,909,000 kwh., as compared
with $38,293,000 kwh. for the
corresponding week last year, an increase of 4.2% .-—V, 160, p. 331.
ment
domestic banks.
the
;
Agent
—
period
for
common
28,680,798
July 21.
listed the names of 1,675 stock¬
face value of $26,843,700.
The
to
tax
for
28,034,472
4,343,020
Pacific Portland Cement
p.
331.
output
of
—
surtax—.
income taxes
2088.
a
amounted
profits
leased equipment
be
Boston
Northern
profit
A dividend
Mitchell, President, announces that company has retained The
Corp. to form and manage a group of security dealers
for the purpose of obtaining exchanges of its outstanding preferred
stock for 5%
cumulative preferred stock, subject to effectiveness of
registration statement, amendments to which are expected to be filed
with
the Securities
and Exchange Commission within the next
few
days.
Details of the exchange offer will be announced later.—V. 160,
holdings of U. S. Govern¬
$464,000,000
77.564
share
$3.36
$3.44
^Including depreciation of manufacturing plants and amortization of
order
an
and
tax
foreign
Earnings
p.
•
H.
First
July 19: A decrease of $332,000,000 in loans;
$507,000,000 in
excess
Number
stockholders of
filed a petition
according
Northern Indiana Public Service Co.—Exchange
D.
136
Condition Statement of Member Banks
banks
52,511
524,401
27,488,083
income
told
8,227
'—
,
11,331
-
retired
26,650,245
837,837
Renegotiation refund
15.3%
—
453
1,475,312
7,431
226,594
accounts—
income
State and
.
'
—
doubtful
debentures
011
Federal
:
have
+5,553,591
"
3,648
-
12,790
579,000
1,641,285
—
Payments to service retirement trust
before Oct. 9.
with
Electric
51,674
—
sales—
on
income
Total
required persons interested in the corporation to
before a special term of the Brooklyn (N. Y.) Supreme
debentures
8,122
—
20,355
Sundry expenses and losses
•
payments on this
principal
shown.—V. 156, p. 83.
a
•
+..
\
.I
588,500
—«•—
bonus
for
Premium
129.479
5,729
—
interest
Cash discounts
also
holders who held
to deposit &
F. R. note liabilities combined
Commitments
'
debentures
on
114
27,686
"+
;
Ratio of total
-10,271
+
••'+
26,965
:
Total liabilities & cap. accts._
528,813
' + 5,523,620
52,837
35,318,874
Capital Accounts—;
.
Interest
+
a
principal debt to its
interest of $439,000, has
Froessel
W.
corporation on
The
Court
12,587
—
oper.
sales,
+
214,479
+
22,598
+
•
14,968,366
1——
47,187
—
of
8
'
;
135,369,015 1'19,686,653
10,631,069
12,757,802
"■Cost
84
Corporation and
unpaid
an
Charles
Schedules
+
+
(
.
$
royalties paid, patent, develop¬
ment and other operating expenses—:
Selling, general and administrative expenses..
sales, royalties and other
+
13,940
1943
.177,278,287 161,203,251
requiring all creditors
claimants to present their accounts in writing to the directors of
and
1,499
18,995,287
*
Member bank—reserve acct
65
1944
revenues-.
Net
+
.•
Associated Press dispatch.
an
Justice
Liabilities—
Deposits:.
$2,704,624
2,613,992
(Including ma¬
for matured debenture interest.
(Deficit.—V, 159, p. 1768.
Years Ended June 30—
441
1,105
+
permitted;
Federal Reserve notes
^Including deposit
886
—.
listing
corporation,
$19,069,764
+5,553,591
51,674
;
—
141,151
(1,055,922
$3,101,740
—
tured debenture interest.
Net
show
•
'
141,151
3,344,525
tl,383,667
;
—
deficit
loss
$
35
—
(Continued from page 436)
28,290
—r-243,596
34,665
surplus
and
>20
—
Investment News
2
••
1,621,251
-
Other assets-
474,000
Total
>
54
25
—
115,412
+
4~571
—
474,000
1,077
82
—
464
.
409,671
+
89,398
1948
2
—
deposit accounts except
U.
S,
Gov't
accounts,
and
2,290,290
+6,851,206
136
378,000
Profit
for final dissolution with the Queens (N. Y.) Supreme Court,
14,850,148
Due from foreign banks
245,842
378,000
Paid-in
N, Y. World's Fair (1940), Inc.—Dissolution
+
9,075
1947
2,642
Federal
;
14,802,214
3.940
9,075
1,
debentures
due Nov.
4,108
—148
General
This
(incl. guar, sec.)
'•
5%
on
Gross profit
l Total U. S. Govt, securities
+■
interest
3,399
5
14,518
during week—
4,266,657
—
120,000
47,131
[
expenses
84
+
1,377
+
21,460
—
and
gold debentures
Other
+
4^800
—
$20,388
81,000
^July 12 figures revised (New York District).
+
1,133,071
$10,526
*
+ 146
—
+
;.
—.———
24,180
+
3,381,990
■
-
Notes—.
1,805
$2,704,624
received
bought but not
payable
gold debentures..due April 1,
Capital stock ($1 par)—..
64,446
—
272,102
+
8,927,217
—
5%
6,838
U. S. Govt, securities:
v
1,826
$3,101,740
——
wens-Illinois Glass Co. (& Subs.)- -Earnings— ;
Foreign banks.^.—
Borrowings
—1,404.311
196
—
—
loans
taxes
79
372,225
+
—t:
48,532
—
37,185
Industrial loans
—
other
87
32,945
U. S. Government deposits
$
Other cash
Total reserves
5~ 19G
2,675,719
(Sundry accounts payable, accrued Federal and
7
2,287
•—1,712.090
54,000
Redemption fund—F. R. notes__
.
4,838
3,052,113
receivable
dividends
—;
securities
for
Liabilities—'
interbank
—
1943
$21,905
28,061
—
—
53
620
2,881
Time deposits
July 28, '43
•',$
•
and
owned
expenses
+
19,299
; Domestic banks..
July 19, '44
.18,399,125
interest
'+
Balances with domestic banks
(+) or Decrease
(—) Since
■++;;.
July 26, '44
'
1944
$14,902
;
Total
tax.
,
:
.
*$9,437
..
Sheet, June 30
sold but not delivered
securities
for
327
Cash in vault
Increase
I
*21,844
$7,657
Assets—
Collateral
y
+
8,686
561
.
(In thousands of dollars)
;
*10,272
■"Cash
Due
1,352
—i- ;
U. S. bonds..
5
Reserve Banks Combined
due from U. S. Treasury
5,986
$23,306
"
707
+
17j
326
Reserve with Federal Reserve Banks
British
Less
28
Interbank deposits:
Gold certificates on
$12,406
*—223)
■Treasury bills————.
3,907;
Treasury certificates of indebtedness.—: 11,093
Treasury notes.——.
——————:
7,505
Statement of Condition of the 12 Federal
\
$17,929
176,313
,T;
Accrued
1,399
Demand deposits-adjusted
*
"
$150,428
Balance
Due
Other loans—i——...
^
Assets—
21,300
Dr35,000
tax
profit for period-
Prepaid
—
Loans to banks—
;
dividend,
this
2,550
+
I,0l9
Other securities
for
resident tax.
15%:
tax.
$17,320
10.508
11,339
,21,300, :
profit from sales of
Securities
carrying:
obligations
•Other securities
(Payable in U. S. funds, less 15% Canadian non-residents' tax.
(Payable in Canadian funds, tax deductible at the source.
Non¬
'•
resident
21,300
+ Liabilities—
Jamaica income tax
books
^Transfer
t
+
pur*
636
U. S. Government
9
8
75C
—
30%
inc.
10,692
—332
6,068
—
for
Obligations guaranteed by U. S. Government
xLess
+
Other loans for purchasing or
Real estate loans
75C
'
Quarterly
.
.
to
Other securities
Zion's
■
Fed.
16,251
$9,114
profit from oper.
"■Loss.
93
agricultural
chasing or carrying: ;
U. Si Government obligations^
7-12
2
9-
(20c
...
9-
8--1
25c
Ziegler Coal & Coke Co.—
Zeller's,' Ltd., common (quar.)
preferred
17,604 •debentures.
$44,214
1
10- 1
$1.37%
.
Gold Fields-
Yuba Consolidated
30:
$50,568
$54,871
21,300
_
on
for
Net
$
$
7-31
50c
(s-a)
Loans
7-31
8-15
•
7-24
8-15
loans
.
8
(20C
(s-a)__
7%
'6%
9-
($3.50
common (s-a)
Youngstown Sheet & Tube, common
-
9-20
10- 2
and
industrial,
7-21-43
•••;
11,999
Commercial,
10- 2
Co.___
T/c
?
7,186
—
securities
+
57,304
—
Loans—total
7-20
15c
Yates
$
Loans and Investments—total
1
8-
1
7-12-44
7-19-44
50c
Towne
Mfg. Co
American Machine
;
Net
Increase (+) or
8-io;;
8-15
——.——....I*...—*
Common
Net
Prov.
(In millions of dollars)
-
Wrigley (Wm.) Jr. Co. common.
Yale
$36,999
5,456
$48,019
Interest
member banks follows:
8-31
1
9-
+
50c
Transportation Associates
Worcester
$45,112
4,421
Total
Expenses
7-15
8-
(50c
Ltd. (init. quar.)
1
9-30
($1.75
(quar.)——
Co.
$50,4o0
Decrease (—) Since
(accum.)
Woods Manufacturing Co.,
1941
$46,093
oper.—Divs.^
Interest
all
declined in
banks
James Ltd.—
preferred
1st
30
1942
Miscellaneous
7-15
$1.25
(quar.)___
Alexander
June
1943
1,926
from
Inc.
.
of the assets and liabilities of reporting
summary
7-15
Wisconsin Public Service Coip., common.—
Wood
credited to domestic
.
7-21
8-
A
7-21
8-
15c
Extra
.
8-
20c
30c
(s-a)
Co.
Wisconsin National Life Insurance
Ended
'
.
,
.
districts,
$1.50
(quar.)
preferred
Deposits
'
u
~
Months
1944
10-16
$1
Six
for
and
7-15
11-
Extra
6%
of Rec.
$1.50
Extra
Quarterly
Earnings
New York
$1.50
^
Quarterly
-
Holdere
$1.50
quarterly
Hosiery,
Winstead
When
•hare
Name of Company
469"
CHRONICLE
fixtures
(less allow, for deprec.)_
15,321
12,910
$46,320,114 $47,188,157
'L
Liabilities—
Taxes
accrued
Taxes
withheld
Common
Capital
Earned
stock
par)
surplus
——
—
—-
•——-
surplus since Jan.
Common treasury
Total
—V.
dividends, etc—
on
($1
159. p. 2088.
1. 1939
stock (at cost, 1,439,300 shs.)
^
* r■'
$222,470
1,368
$238,562
8,300,000
8,300,000
39,657,234
39,649,604
124
3,392.350
4,274,064
n
.
,a7
Br6,135,022 Z)r4,392,483
$46,320,114 $47,188,157
THE COMMERCIAL &
470
:
declared on account of
accumulations on the 6% cumul. preferred stock, par $100, payable.
-Sept. 11 to holders of record Aug. 31. A similar distribution was made
on March
10- and June 10, last.
In 1943, the company paid $1.50
each on March 10, June 10 and Sept. 10, and $3 on Dec, 10.
Arrearages as of June 30, 1944 amounted to $35 per share.
V. 159, p. 2525.
$1.50
of
dividend
A
been
has
share
per
Marquette Ry.—June Earnings—
Pere
•
Accumulated Dividend—
Peabody Coal Co.--$1.50
:
income......
Federal
562,425
of
cents
70
Jan.
30.
sales
tax
fDeprec. and depletion-
$10,503,454
7'5£9'310
504,670
$2,429,474
$297,328
123,899
$2,419,990
190,718
$2,465,899
213,574
$173,429
$2,229,272
$2,252,325
'
36,425
••
electric
The
i- 41.652
•
Profit
*)
tax
taL::::}
ing
*
follow¬
1943,
1944, $408,343;
to special reserve:
1941, $460,835.
charged
Sheet, June 30, 1944
Balance
Consolidated
Net
'
kwh.,
331.
subsidiaries for the
kwh., an increase of
the corresponding week of last year,—
3.9%, over
or
taxes, interest, etc., $291,549; provision for Federal income and
profits taxes, $161,082; funded debt, $3,250,000; reserve for selfInsurance, $238,903; reserve for contingencies, $400,000; $7 cumulative
wages,
$3,030,000: com¬
surplus, $951,936;
$2,462,341; total, $11,353,358.—V, 159, p. 879, 1768,
convertible.preferred stock (121,200 shares, no par),
mon stock (400,000 no par shares).
$400,000; capital
Milwaukee, Wis.—Common Stk. Offered
stock (par $4) was offered by
the company for subscription at $7,50 per share to the holders of Its
common stock
at the rate of one of such 21,803 shares of common
stock for each five shares of common stock held of record June 28,
The offering of common stock to common stockholders for subscription
was conditioned upon the underwriters purchasing such of the 21,803
shares as are not subscribed for by common stockholders and upon
the company procuring loans aggregating $550,000. The offer expires
total
July
of
of
total
A
for
of
9,910
the
and
underwriters,
several
329,799
Net
net
or
five
revenue
the
after
years
annual volume should increase
war
to six
of
"Undoubtedly the post-war units will be lighter in weight, and there¬
even
more
easily installed.
They will incorporate the new ma¬
that have been developed by war research.
Along
with all these things, Philco is planning to make and sell the units
terials and processes
prices, which should greatly increase the scope of the market
them available to many more people than ever before."—
lower
and- make
income
and
months of
and
evidenced
be
160,
331.
P.
income
taxes
Debt
Funded
and
oper.
Authorized
*3V2%
stock
notes
4Vz'/o
($4
banks
to
sinking fund debs.,
1959__.
due
Net
•On
Jan.
15,
under
outstanding under a
to
used
was
previous
V Loan
$13,615,315
6,063,895
6,270,000
3,225,000
2,178,035
$9,004,038
$7,345,315
$6,731,420
$8,236,680
$1.83
$1.62
$1.51
include
inter-company business or
*7\
Operating
expenses
1,463,493
corporation
oil
In
Maintenance
171.679
1,379,975
155,702
Depreciation
Taxes
(incl.
216,782
217,329
2,887,108
367,396
434,110
421,604
974,219
$501,397
$399,782
$1,101,504
40,349
38,016
79,521
$945,718
74,367
$542,246
$437,798
386,787
389,305
$1,181,025
780,336
$1,020,085
779,005
$155,459
$48,493
$400,689
$241,079
for
prov.
482.785
Operating Income
Other
income
Income
—V.
.
(net)
deductions
income
159,
used
diesel
locomotives
by gasoline
diesel
or
have
radiators
vehicles
and
and
which
been
other
engines.
As
adapted
for
a
to
its
continue
the war the company's
military trucks, tractors,
of
chased
the
them severally,
by
the
of
names
unsubscribed
are
as
of
underwriters
common
of
new
a
be
one
soy
of
Jan.
He formerly
25.
was
Soy Bean Processing Co. at
is nearing completion of the con¬
company
bean
the
created
it was
the Standard
of
Pillsbury
solvent
most
extraction
modern
soy
plant at Clinton. Iowa,
bean
plants in the United
Thompson H. Mitchell has been appointed General Manager
to succeed the late William A. Winterbottom, who had served as Vicehis
death
July
on
stock
and
to
be
49.548%
The
Riley & Co
22.933%
Loewi & Co
Milwaukee
Co.____
$2,578,596
$17,551,708
$17,445,038
2,075,777
14,023,457
12,278,407
376,347
597,893
3,879,639
4,931,984
revenues
oper.
rents
deducts,
Total
fixed
$2,880,668
18,625
138,658
120,456
$455,196
135,535
$788,440
fr.
inc._
127.920
charges
.
$3,330,333
$436,571
$3,019,326
807,626
3,450,789
18,580
3,299
3,284
1,215,636
20,296
21,560
$2,191,404
$2,213,593
'
r
income
$657,221
$316,377
18.346%
xnv/iuuw
,.
,
and 2527.
p. 229; V. 159. p. 2678
Reading Co.—New Vice-President—
William
Office
G,
director
has
former
Curren.
Transportation,
Defense
of
charge of operations and maintenance.
the
of
ager
&
Baltimore
New
Ohio
of the Eastern; region of the
been elected Vice-President in
He was formerly General Man¬
York Terminal Lines.—V. 160,
P. 123.
<
VT Loan—
Reeves Brothers, Inc.—$17,000,000
The
of
operator
company,
granted
textile mills, on July 25 was
This revolving credit was arranged
cotton
VT loan of $17,000,000.
a
through the Federal Reserve Bank of New York.
Participating in the
financing are Commercial Factors Corp.,- the Bank of the Manhattan
State-Planters Bank and Trust Co. of
Carolina National Bank of Charleston.
New York Trust Co.,
Va., and the South
the
Co.,
Corp. will act as clearing agent.
of
Higher—
Rheem Mfg. Co.—Output
Production
of this company
well
rate
in
of
excess
1943
is reported to be running this year at
in spite of shifts in war production
by changing needs of the armed forces.
products, largely in the container and household utility fields,
New
developed for introduction
company's 14 plants in
being
are
The
stated.
was
at the end of the war, i(j
this country and its three
producing dozens of war items, from airplane
motor mountings to anti-tank mines.
At the same time it is making
more
of its normal commercial products than ever before, including
steel shipping containers for gasoline, oil and food,
automatic water
heaters, boilers and water tanks, which are needed for wartime building
and essential civilian, requirements.—V. 160, p. 123.
}
are
Richmond Fredericksburg & Potomac RR.-^Earnings-Zf
Gross
Atuciai
from
from
Net
railway
1944
$3,142,440
1,611,962
(
railway—.—
Net ry. oper.
■:
1943
$3,020,012
1,740,525
liiUUiUC
$525,812 and $4.05,883
for
ttliu
CACCbb
1943
and
piuiltb
IclACd
IUI
for the six months
1943.—V.
160,
p.
UUI1C,
lDlt,
ended June,
331.
,
1941
$1,113,569
458,579
1942
$2,338,824
1,372,613
271,160
291,444
78,654
234.404
19,329,776
12,241,717
10,560,423
18,400,416
10,971,731
1,723,303
2,034,084
1,681,821
6,802,843
2.666,502
1,351,313
income
' '•
From Jan. 1—
from
Gross
Net
railway
railway
from
ry.
oper. income—
160, p. 51.
—V.
6,629,518
Stock Offered—
Hemphill, Noyes & Co., E. H. Rol¬
lins & Sons, Inc., and Stein Bros. & Boyce on July 19
offered at $13.25 per share 150,000 shares of common
stock ($10 par).
> t
Rotary
Electric Steel Co.—Common
W. E. Hutton & Co.,
and Notes—Company has
of Bonds
Life
Mutual
Co. $500,000
Insurance
also sold to
first mortgage
4%
bonds, due 1956, and to the New York Trust Co. $800,000 3% 5-year notes.
The notes mature $160,000 annu-
Cr531,645 03,232,056 03,095,686
$769,860
income
Misc.
the
pur¬
income..
oper.
income
1944, $3,042,123 and $3,768,906 for
,
Mitchell as Vice-President
month.—V. 160,
Confirmation of Col.
8.
anticipated when the board of directors meets next
is
aily.
Cr529,165
__
ry.
Other
9.173%
Comparative Income Statement
since formation of the company until
General Manager
and
President
Sale
1944—6 Mos.—1943
1944—Month—1943
follows:
The Wisconsin Co.___—
*-
Vice-President of the Pillsbury
as
2,402,283
Net
■Vy-.f7'-
Schultz
$3,019,325
Total
principal
shares
[
,
797,094
Communications, Inc.—New General Manager
R.C.A.
Net
...
v:
Underwriters—The
common
expenses.
•
and restrictions, the company
business In both the radiator and
peacetime
field.
percentage
declared the usual quarterly dividend of
stock, par $25, payable Sept. 1 to
25
"Railway tax accruals.
Equipt. and joint facil,
Except as limited by war production
intends
Co.—Dividend—Promotion—
On May 29, an extra of 25 cents per share
Manager
The
will
Railway
Net
controls
and
Operating
tractors, air compressors,
equipment powered
on
.
.
Lt.-Col.
Pittsburgh & Lake Erie RR.—Earnings-
result of
use
'
equipment.
war
-
2013.
p.
June—
^
'0*5 /j j
:•
11.
period End. June 30—
industrial
other
various
•,
the
on
Aug.
Soy Mills Division since
struction
to
principally on excavating
pumping equipment, road machinery trucks,
433,957
>>
Income tax)
160, p. 50i
States, Mr. Schultz stated.—V. 159, p, 2013.
radiator
Prior
record
C'enterville.
manufactured and sold industrial
line was expanded to#include
the war these products were
machinery, oil- well drilling and oil
its
1939
intercoolers.
and
July
on
share
per
of
President
assets
1934 the company has
radiators.
coolers
the
purchased
4
'
,
Appointment of Harry R.
dissolved.
was
Since June.
engine
it
.
Soy Mills Division, with temporary headquarters at the mill at Centervilie, Iowa, was also announced.
Mr. Schultz has been manager of
the
1934
$5,359,662
2,846,248
336.645
$5,764,337
gasoline taxes collected
paid in addition to the 25 cent quarterly payment,
was
in Wisconsin May 5,
and business of an
■unrelated corporation bearing the name
"Perfex Corp." which was
engaged principally in the manufacture and sale of industrial engine
radiators in Milwaukee, Wise.
Following the transaction the selling
1,
directors
cents
25
holders
History and Products—Corporation was incorp.
June
•
1944—12 Mos.—1943
1944—6 Most—1943
$1.85
sh.
com.
per
not
paid to Federal and State Governments.—V.
The
retire notes
Agreement.
,
1934. On
$9,956,420 $10,414,715
$15,068,433
inc. taxes
Pillsbury Flour Mills
in like
The notes
outstanding were subsequently reduced to $1,235,000 as of April 30,
1944.
On June 19, 1944, the company borrowed an additional $95,000
thereby bringing the total amount outstanding up to the sum of
$1,330,000 as of that date.
amount
9,569,000
11,354,802
11,955,714
14,442,109
profit
"Does
and
the company entered into a Bank Credit Agree¬
$1,900,000 which
borrowed
c-empany
and
the five months $1,390,275
for
$2,574,392
now
income...
on
Net profit
130,818 shs.
$1,330,000
$550,000
Regulation V providing for a credit in the maximum
$1,900,000.
Upon the execution of said agreement the
of
amount
1944,
first
necessitated
Fed.
bef.
income
taxes
Prov. for Fed.
^
ment
and
$1,656,497.
plants in Australia
Outstanding
150,000 shs.
$1,900,000
$550,000
par)
payable
and for the
of $770,361,
1943, payroll taxes were $287,975
For May,
$2,836,636
42,448,011
48,092,115
48,585,511
64,794,585
interests
it
to Present Financing
Giving Effect
taxes
profits
payroll taxes of $2,025,838 and U, S. Government
revenues
a
for
Net
Common
*
depl„ deprec.,
develop, costs & retire.
net
Capitalization
$624,895
1944, payroll taxes of $408,999 and U. S. Govern¬
excess
1944
Richmond,
products sold,
&
gen
exps.,
taxes
Res.
1, 1944, and due June 1, 1959,
entire
of
Cost
proceeds from the issue and sale of the
21,803 shares of common stock, together with the net proceeds of
the loans, will be available for general corporate purposes and will be
added to the company's working capital,
,
Purpose—The
$2,436,730
Period End; June 30—
6
sinking fund deben¬
by 15-year 4%%
10,911,371
$2,586,349
$539,942
,
completed negotiations for loans of $300,000 from State
Annuity and Investment Board, Madison, Wis., and $250,000 from Aid Association for Lutherans, Appleton, Wis.,
tures dated June
"7,975,519
Operating
Phillips Petroleum Co. (& Subs.)—Earnings—.
Mos.'End./hide 30—
1944
1943
1942
-1941
•Gross income
$94,305,126 $74,156,540 $69,403,336 $62,431,726
$550,000 Debentures Placed Privately—Company has
$591,073
10,561,868
$8,555,827, respectively.—V. 159, p. 2677.
or
1941.
In that event the business might amount
year.
I Each unit sells for from $175 to $400.]
that
times
$60,000,000 a
at
$113,670
2,788,440
....
income taxes of $4,811,642.
fore
V
'
four
V.
$505,386
13,348,101
$115,275
1,944,518
accrued
Net
and fast-growing post-war industries is going
post-war year three times as many units will be made and sold
before, and it is not too radical a prophesy to say that three
eight
shares of common stock was sub¬
remaining shares were purchased by the
$1,708,276
1,202,890
single-room
ever
to
$9,970,795 $12,842,715
$2,132,515
1,541,442
*1,408,576 7 2,163,544
revenue
Total
Commercial Factors
to
253,936
Gross income
as
21,803
the
11,893
be
first
shares of common
21,803
18.
scribed
$367,606
Queens Borough Gas & Electric Co.—Earnings—
achievement
fractional horsepower air conditioners or room cool¬
ers. even
though only five or six years ago practically nobody knew
what they
were,
according to Harry Boyd Brown, Manager of air
conditioning for this corporation.
"The fact that very few people understood wh'at a room cooler was,
what it did. or how it functioned was probably the chief reason the
entire industry sold only 30,000 to 40,000 of these units a year before
the war," Mr. Brown believes.
"But the performance, service and utility of single-room air con¬
ditioners have been so outstanding and so apparent to the user that
word of mouth advertising
withitn the past few years has done a
remarkable educational job insofar as the general public is concerned.
The news about air conditioners has spread so
rapidly that in the
excess
A
$2,674,769
$445,075
revenues
Taxes
Philadelphia—New Award—
outstanding
One of the important
to
accrued liabilities,
payable (trade), $167,547;
Liabilities—Accounts
Perfex Corp.,
$1,829,243
revenue
33,851.332
44,678,760
6,858,148
Total expenses
Post-War Years—
total, $11,353,358.
operations. $176,857;
'
earned surplus,
9,056,975
Auxiliary Oper.—
ment
Rapid Expansion Of Air Conditioning Expected In
and accounts receivable (less reserves), $466,555;
inventories, $1,452,993; U, S. Government securities, on deposit with^
fitate Workmen's Compensation Commission, $35,000;
cash on deposit
with
trustee.
$58,061; sundry investments and deferred receivables,
$9,454;
fixed assets
(net), $6,061,088; deferred charges
to future
notes
..
.
$9,532,918 $54,649,555 $46,694,046
$10,886,217
________
expenses
Total
teries.
certificates of indebtedness,
Assets—Cash. $2,093,350; U. S. Treasury
$1,000,000;
revenues
Operating income
in producing materials essential to
the war effort, the corporation's Philadelphia plants have been honored
with their fourth Army-Navy "E"
award, according to word received
from Robert P, Patterson,
Under Secretary of War.
To date this corporation has received a total of 13 "E" awards for
its war production record, and the company's output of war materials
is at the highest level in its history.
War goods being manufactured
for the Army and Navy include radar equipment, electronic and radio
communications equipment for planes, ships, tanks and the ground
forces, bazooka rocket projectiles, shells ana fuses, and storage bat¬
$445,842, and
1942,
Offering—A special of¬
for this company and its
1944 amounted to 123,541,000
22,
Philco Corp.,
$1,057,178
amounts charged to operations, the
p.
For
-
$1,112,575
$931,772
V. 160,
{86,250
$99,750
1944—5 Mos.—1943
1944—Month—1943
Sleeping Car Oper.—
Total
2676.
output
week ended July
(387,000
"
400,000
$120,029
—
were
r
—
to the above
amounts
4439,285;
'
1,297,500
53,400
profits
contingencies
for
Net profit
'
'
7.
;
(Revenue and Expenses of Cars and Auxiliary Operations)
,
•Includes for May,
$1,530,428
-\
—
Interest on funded debt'
tin addition
2,311,029
■
per
4,666,900
Prov.
324.
p.
Period End. May 31—
Philadelphia Electric Co.—Weekly Output—
$1,806,671
276,243
;
exS
2,311,029
1,233,212
;
Total
smallest.—V. 159, p.
$1,765,019
$2,374,428
45,662
$202,776
94,552
inform?
1,233,212
295,317
share with a commission of 50 cents by Smith.
Barney & Co. The offering was completed in the elapsed
time of 1 hour and 3 minutes.
There were 539 pur¬
chases by 79 firms; 1,500 was the largest trade, 4 the
$22%
463.835
511,035
Operating profit —
Other income ———r
T'VdpFal
295,317
loss—
Phelps Dodge Corp.—Special
$8,577,778
7,927,475
5,587,407
497,225
Cost, exps, & ordin.
income
1,230,842
3,509,560
fering of 60,000 shares of Common stock (par $25) was
made on the New York Stock Exchange, July 20, at
Subs.)—Earns.
J-942
1944
1943
$6,287,408 $10,812,938
30—
12 Mos. End. June
Total
160,
Pullman Co.—Earnings—
cents
80
Pennsylvania-Dixie Cement Corp. (&
Net
Co.—V.
3,694,413
1,364,350
2,292,471
Income
convertible
non-cumulative
3,033,728
—V. 160, p. 50.
July 31 to holders of
carried
income
Bal. to profit and
per share was recently declared on the $4
preferred stock, no par value, payable
record July 19. This is cn account of arrearages
over
from
the old preferred
stock.
This compares with
paid on Jan. 31. last, and on July 30. 1943, and 60 cents on
1943—V. 159, p. 585.
dividend
A
operating
203,297
500,536
180,229
_
taxes.!—
Net
707,877
227,938
374,324
180,229
taxes
Other railway
Div.—
Co. (Philadelphia)—Accrued
Refunding
—
Plans under Consideration—See Commonwealth Edison
profits
excess
Net
Penn Investment
of Northern Illinois
Service Co.
v
Canadian
and
Inc. and
Public
•
1944—Month—1943
1944—6 Mos.—1943
$4,794,525
$4,649,449 $28,207,199 $27,005,195
Period End. June 30—;
Gross
Monday, July 31, 1944
FINANCIAL CHRONICLE
'
the
Under
of
terms
.
securing
indenture,
the
the
first
;
mortgage
is required to set aside as a fixed sinking fund
the
sum
of $72,000 a year beginning in 1950 and. in addition,
is
required in each year to set aside as a contingent sinking fund an
amount equal to 25% of the amount, if any, by which the net income
of the company for the preceding fiscal year exceeds $160,000 in the
case
of payments to be made in fiscal years ending prior to June 1.
1950. and $72,000 in the case of payments to be made in fiscal years
ending after July 1, 1950.
Registrar—Central Hanover Bank & Trust Co., New York.
Transfer
Agent—The New York Trust Co., New York.
-yP-'y:
Company—Company was incorporated in Delaware June 23, .1944, to
acquire the business, physical assets and inventories of the Rotary
bonds,
the company
Steel
Electric
(Calif.).
Co.
The
latter
company,
originally
known
as
'
4 Mos. End.
Apr. 30,'44
Net sales
Cost
of
Sellin.
for
11943
1942
$3,002,122 $13,324,217
sales_-„_..^
admin.
expenses
Prov,
Years Ended Dec. 31
.
&
genl.
2,772,839
•
.
•
11,181,002
'
■
.
^
1941
$6,149,301
$3,475,572
5,253,628
2,682,111
^
167,326
539,300
1,428
3,588
2,096 '
$60,527
$1,600,326
$481,049/
13,195
_—•
42,336
doubt. accts._
June—
Gross
412,527
409,231
Net
ry.
profit
__
income
$384,229
Net
ry.
—V.
Total
income
$73,723
$1,642,663
$488,995
18,634
81,597
30,005
13,000
38,000
36,600
18,000
1,193,933
315.500.
Total income deductions
Fed.
Fed.
State
normal
exc.
for
surtax,
profits tax...
income
Post-war
Prov.
&
tax..
refund
contingencies
■
4,000
102,397
27,900
Crl,800
Crll3,500
95,000
$97,260
44,760
6,616
4,415
3 5,79 3
39,881
32,139
-
'
income—
677,883
592,280
467,520
convert
182,951
197,496
223,743
132,426
steels.
129,133
185,331
114,946
81,972
18 225
"
75*000
125*500
23*500
.
Powdrell
The
on
&
directors
Alexander, Inc.—15-Cent Distributions—
on
July 21
declared
the $5 par value common
Sept. 1.
year,
A similar payment
and in each quarter
___
a
dividend
of
15
cents per share
stock, payable Sept. 15 to holders of record
was made on March 15 and June 15. this
during 1943—V. 159, p.
profit
—V.
160,
$21,889
paid
p.
50.
$245,235
54,508
$110,489
27,254'
$144,490
1390,
has
been
M.
Macauley,
elected
a
formerly
acquired the
busi¬
New York district
Vice-President.—V. 131, p. 954.
sales
manager,
one electric furnace and
rolling mill
and installed.
Company manufactured
until 1936, at which time it began to
the manufacture of carbon steel to alloy
exclusively
operations from
1941
with alloy steel production
year and carbon steel production decreasing and,
production of carbon steel was terminated.
!
The
company's
production
now
consists entirely
of-electrically
melted alloy steels sold principally in the form of billets and bars,
Forging billets represent a sub¬
although a few ingots are sold.
stantial part of the total output and sales but the majority of sales
that
year,
constitute
part
in
are
each
the
hot
66%
the
company's
office
on
in
by sales
to
drawn,
turned
or
ground
bars
which
in
various furnace treatments.
In the year 1943
of gross sales were represented by forging billets
of bars.
own
Detroit,
commission
cold
relied,
subject
approximately 30%
Pro-phy-lac-tic Brush Co.—New Vice-President—
Charles
1943, had
outset
purchased
bars
and
Net
Dividend
October,
in
This conversion continued until
increasing
in
160, p. 50.
its
the
at
and
were
steel
780,419
railway
railway
oper.
steels
carbon
equipment
carbon
•
$386 716
Cr31,500
____
$112,472
11,537
from
from
Net
2,486
7,946
1942
$104,016
14,437
railway......
oper. income
From Jan, 1—
Gross
Gross
Other
1941
1943
$135,380
railway
from
in turn
Company,
physical assets and inventories relating to the steel operations
of Rotary Electric Steel Co, (Mich.), a corporation founded in 1933.
v
The
business
was
started
in
1933
to manufacture high quality
ness,
1944
from
Net
:
American
Pittsburg & Shawmut RR.—Earnings-
sales
with
basis
in
These products
department
additional
some
are
operating
distribution
States.
sold
directly through
from
through
Although
sales
fhe
company's
representatives
in
the
Detroit
[Volume 160
in
area
Number 4303
amounted
1943
approximately 24%
to
THE COMMERCIAL & FINANCIAL CHRONICLE
-
■
of gross
sales, In
the
Safeway Stores, Inc.—Sale$ Again Rise—
immediately preceding the war such sales amounted to from
quarter to one half of the total.
At the present time production is based on specific orders.
Before
the war a small supply of standard finished and semi-finished products
were kept in stock.
The company, at present, is the only producer of commercial electric
furnace alloy steels located in the Detroit area, although other pro¬
ducers, ship
and are free to ship into the Detroit area and the
Jbusiness is highly competitive.
Company is a relatively small unit in
the industry.
Before the war the automotive industry consumed the
bulk of the production
of the domestic alloy steel industry and,
years
4 Weeks Ended
one
19423
Period—
been
influenced
the
by
materials
of
At July 15, 1944, there jvere in operation
2,487 stores at July 17, 1943.—V. 160, p. 51.
Taxes
(other
taxes)
Total
Int.
1940—
$5,818,308
—
!
1944
(4 months) £
Before
Federal
-
13,857,494
1,533,330
603,772
1,795,778
13,064,531
—_
1,307,000
£488,778
and
Income
440,000
£163,928
721,393
603,928;
4,676,901 s
Federal
$307,759
$69,278
profits
excess
583,161
tProvision
taxes.
for
on
Prov.
for
excess
for
Net
for the
income
1944,
taxes,
dividends
1943 and the four months ended April 30,
amounts computed on such combined and ad¬
W.
Hutton
E.
writers,
from
Co.,
of
behalf
on
June
on
themselves
and
23,
the
1944,
other
A
under¬
4%r 1st mtge. bonds, due July 1, 1956—
.3%
notes, due 1945-1949
-
it
the
and
V Under
aside
the
as
1950, and,
the
of
authorized
termination
rather
require
holders
terms
fixed
a
$500,000
q
800,000
150,000 shs.
the
of
of
4%
both
of
consent
the
first
the
holders
the
of
■■■'
the
are
organization
and
W. E.
by
the
of
Hutton & Co.
shares
company
for
June 26,
on
the
from
new
is
Hutton
&
Co._
Stein
Bros.
Listing—The
Hutton
&
&
30,000
—:
Co.,
has
agreed
would
it
the
on
10,000
:
Colvin,
and
Haldeman
160,
make
York
New
Jr.
(President
Director);
Finnie
p.
call
As of
Stock
Exchange
N.
and
D.
(Treasurer
Director);
Devlin
or.
and
L.
E.
group
the
New
are as
and
The
District
S.
purchase against
fixed an
Court has
v.■■
full
court
the
by
face
value
a
accrued
plus
has
filed
plan
on
already set hearings for that date
reorganization committee asking
of deposits for the Seaboard re¬
by
Alabama and South
Georgia &
1944
1943
1942
$1,032,818
$1,363,413
180,478
$1,427,762
183.544
154,000
85,601
profits taxes
34,240
129,600
$50,878
share
$0.37
$0.36
a.
''
$29,544
$0.17
3,500
3,000
Operating revenues.
Operating expenses
Operating taxes
$205,580
$172,136
$839,866
119,808
98,205
$1,009,542
* 563,229
55,326
49,417
299,418
206,345
$30,446
16,557
$24,514
$146,895
10,047
80,779
$140,433
70,805
becomes
effective.
The
1698.
Manson.—V.
to
be
will
—V.
159,
30, last, there
Spiegel, Inc.—Buys West Coast Chain—.V'
M.
the
St. Paul Fire &
Profit
$8,528,831 $11,305,680 $17,809,885 $22,302,995
Prov.
8,364,053
15,184,687
16,615,869
$1,251,530
—
for
$2,941,627
180,000
$2,625,198
321,000
$5,687,126
360,000
depreciation.
amort,
for
160,500
of
chain of
Divi¬
Split-Up On A 5-For-l Basis—
exps._—
293,394
240,000
249,000
567,924
120,000
231,647
—
28,675
facilities
special
admin.
&
bef.
Prof.
other
Int.
company on July 17 paid an initial quarterly dividend of
per share on the new capital stock, par $12.50, to holders of
record June 12.
This is equivalent to the same rate which was paid
$62.50 par
value. Distributions of $2 each werp
made on Jan. 17 and April 17, last, on the old stock.
^
On May 9. last, the stockholders approved a proposal to split up
the stock on the basis of five new shares, par $12.50 each, in exchange
for each $62.50 par share held.—V. 156, p. 1613.
7.
the
on
West
Coast.
been
in business 25
operating credit
and home furnish¬
years,
selling men's and women's wearing apparel
ings.—V. 160, p. 230.
,
-
s .
.
.
..
Spokane International Ry.—Earnings1944
1943
$168,444
$146,441
June—
;
from
Gross
Net
from
Net ry.
railway.
■>
railway-
52,083
income—
oper.
19,237
:
1941
-
$129,609
63,876
47,033
49,177
14,998
1942
.>
'
a
$97,226
41,827
31,517
,
From Jan. 1—
from
Gross
Net ry.
—V.
1,048,553 -7 1,051,286
229,247
540,785
118,215
171,127
railway
railway—
from
Net
income—
oper.
160,
581,013
228,459
152,323
436,994
121,611
67,295
52.
p.
Standard Cap & Seal Corp.—New Official—
Dr. John A.
nation
Keenan, former nutrition research director for the Car¬
Co., has been named Executive Vice-President.—V. 159, p. 245,7;.
Standard Gas & Electric Co.—Weekly Output—
Electric
output
the
of
utility
public
operating companies in the
for the week ended July 22,
compared with 185,158,000 kwh.
Standard Gas
& Electric Company system
1944,
186,903,000
for
P-
totaled
the
kwh.,
week last
corresponding
as
year,
of 0.4%.—V.
increase
an
160,
366.
Standard
Gypsum
(Calif.)—Kaiser Acquires
Co.
Henry J. Kaiser Co. has entered into
for
gypsum
Kaiser
Mr.
Int.
partnership agreement with
Gypsum Co. to lease, develop and expand the plknts and
products.
Financing of the agreement between
the Standard
market
a
and
Samuel
A. Perkins, President of the privately-owned
involves properties estimated by Mr. Perkins
It was stated that the transaction
has been
arranged "wholly without Government aid."
The new company will keep the name of Standard Gypsum Co.. but
will be incorporated
in Delaware, succeeding the present California
corporation.
Mr. Perkins, who will be represented on the board of
the new company, said Standard Gypsum Co. of California has no out¬
standing indebtedness and that the new corporation contemplated no
at
Gypsum
Co.,
"approximately
$20,000,000."
public financing.
Standard Gypsum
San Marcos Island
■
\
operates
plants
in
Beach,
Long
the Gulf of California.
in
Mr.
\
Calif.,
and
ort
Perkins stated that
500,000,000 tons of gypsum deposits, with extensive properties
in Nevada and Alaska,
A plant formerly in Seattle has been taken
it
owns
new
Government
the
by
that
in
facilities
/Messrs.
as
a
and post-war plans call for
'
partnership was a "50-50
shipyard,
city.
Kaiser
•
-
and
Perkins
said
the
v
Oil
Standard
$673,135
exc.
$2,381,305
28,175
16,548
—
income
notes
for
477.678
59,102
$701,310
—
pay.,
Fed.
inc.
$2,397,853
10,077
3,981
etc.
and
prof, taxes & Pa.
--
$1,487,273
58,956
$4,550,346
40,075
$4,590,421
7,984
$1,546,230
18,485
■^
inc. taxes (aft. deducts.
475,000
1,754,000
1,070,000
3,347,000
75,000
post-war credit)
150,000
150,000
300,000
for post-war con¬
tingencies
Net profit for
—V.
com.
per
159. P.
periodshare.
$141,233
$0.17
$935,436
$2.00
$307,745
$0,40
$489,872
$1.05
;
1901.
Sierra Pacific Power
Period End. June 30—
Operating
"Gross
—
Year End.
June 30, '44 Dec. 31,
'43
Net
post-war contingencies——„—
84,500,000 127,327,773
13,500,000
6,000,000
-
71,000,000 121,327,773
earnings
and
earnings
Earnings
§$4.45
£$2.60
share..
per
figures as announced by company.
tAfter providing for
all Government taxes.
tOn 27,333,742 shares.
§On 27,283,587 shares.
"Estimated
—V.
160,
366.
p.
^
Leonard
Walworth
recently been
158,
p.
.
..
Y.—Official Promoted—
has
been
elected
a
Vice
President.
appointed merchandise manager of home
He
had
furnishings.—
586.
$213,464
$205,592
.
—
3.
.
reserve
accruals.—V.
Stokely,
Jr.,
President
announces
that
the
directors
have
approved a plan whereby the company, in exchange for its stock, will
acquire all of the properties of Crampton Canneries, Inc., Celina,
Ohio, including that company's stock interest in W. R. Roach Co.,
Grand Rapids, Mich.
A stockholders' meeting will be called shortly
to approve the ex¬
common
of
47,580
stock
of
shares
of
Stokely
stock
preferred
Brothers
for
the
and
41,080 shares of
acquisition of
complete
Crampton Canneries.
The two companies proposed for acquisition
neighborhood
of
$5,000,000
in sales
have been doing in ,the
annually during the past two
Crampton
,
Canneries, Inc. have plants ip Celina,
City, West Jefferson and Milford
Roach Co. plants are located in Hart,
•'
Mendon, Norwalk,
Center, Ohio, while the W. R. *
Scottsville, Owosso, and Crosr
1944—12 Mos.—1943
$2,526,770
685,509
695,391
580,333
592,088
44,855
income
♦After retirement
W.
—
Plain
$2,612,598
53,217
45,671
—J
Brothers & Co., Inc.—Announces Expansion
Stokely
Program
y®ars«
Co.—Earnings-
1944—Month—1943
54,167
revenues
Net income
(New Jersey)—Earnings
♦6 Mos. End.
change
Prov.
Earns,
Co.
Period—
oth. inc. &
charges
income
on
Prov.
124,500
The
40 cents
the old shares of
20 stores
The Federal concern has
houses
Stern Bros., N.
Taxes, other than inc.-
Sell.
Total
$10,047,000 of the bonds outstanding
160, p. 229.
Co.—Initial
-
Spiegel, Jr., President and General Manager, announces thai
company has purchased for cash the Federal Outfitting Co., a
War-time
1944—6 Mos.—1943
1944—3 Mos.—1943
7,277,301
sold
(Vice-
were
Marine Insurance
':'' -:
v
J.
197.
Sales, less discts., etc.,
Mfg. cost of products
follows:
selected
p.
—
dend—Shares
493,088
2528.
p.
and General Manager of the G. & O. Manu¬
Sharon Steel Corp.—Earnings—
Director);
be
158,
Period End. June 30—
Other
called
income
oper.
•(•Consolidated
Secretary),
bonds
$842,866
proposition.
Security Insurance Co., New Haven—New Director—
York
July 25 authorized the retirement of $2,500,000
5% bonds at 109 and interest to Sept. 1, when
in the hands of the public.—V.
on
$1,013,042
600
July 20 in Baltimore by Judge
160, p. 229.
charges——
common
1944—5 Mos.—1943
$172,736
700
revenues—
oper.
Standard
exc.
1944—Month—1943
$206,280
interest in
foreclosure sale.
Seaboard
solicitation
for
Charles Oppe, Treasurer
-
on
6,241,902 183,568,069 174,987,766
of holders of Seaboard Air
$51,361
per
'
revenue-
Uncoil,
Net income
All Florida
profit
—V. 159. p.
underwriter
Creighton
(Vice-President
123.
mortgage
June
Operating
first
their
Seaboard
and
'
1943
1944
1944,
by lot.
;
Price
Upset
plan.
income
Prov,
directors
first
;
of Bonds Urged by
Florida
a request for tenders on $22,underlying bond issues has been
the U.
of
——
Earnings
'
*
Total
follows:
-
after
Jan. 1 to July 14
1943
6,479,418
.
Period End. May 31—
He held that the bonds may be used In purchas-j
bondholders.—V.
inc.
Net
St. Louis Public Service Co.—To Call Bonds—
the
a
scheduled to be heard
filed
the
on
Fed.
Detroit, Mich.; Ralph
F. Colin (Director); J. A. W. Iglehart (Director); A. M. Massie (Direc¬
tor), New York, N. Y.; R. D. McGrath (Director), Warrenton, Va.
The
a
Net
Exchange.
President
v
authorizing
Net sales
that upon written request of
application for the listing of its
Management—The names of the officers and directors
of
24.
as
Seagrave Corp. (& Subs.)—Earnings—
Outstdg. Stock
53.3%
<,
20.0%
20.0%
6.7%
30,000
Boyce
company
stock
common
—V.
June
share, paid
the ICC on
by
July 14
157, p. 558.
6 Mos. Ended June 30—
% of
80,000
—
Hemphill, Noyes & Co.—__—
E. H. Rollins & Sons, Inc
H.
record
facturing Co., has been elected a director to succeed the late John T.
Shares
W.
of
the petition for approval of the form of the
securities is pending.
Another move awaited in the Seaboard case
decision by the United States Circuit Court of Appeals on the ap¬
peals
earnings
—
the
for
authorization
Bound
comprise
$1,137.50,
by each
company
No. of
r
$1.—V.
Air Line Ry.
on
Chesnut.
petition
Action
outstanding shares of common stock of the com¬
purchased
'
E.
a
organization
follows:
W.
set
bonds
was
Calvin
fund
purchased
issued
The
E.
Gross
over
pany.
Curb
Proposal
court
indenture, the company is required to set
the sum of $72,000 a year beginning in
is required in each year to set aside as a con¬
in addition,
complete
all of the
[
holders
to $2.50 per
Group—All
order
reorganization.
on
the
sinking
shares
100
W.
30,
-
W.
3%
bonds.
mortgage
underwriters, acting severally and not jointly,
purchased from the company on July 1, 1944, an aggregate of 149,900
shares of common stock at $11,375 a share.
These shares, together
♦
to
amounted
Line Ry.—Tenders
an
1934, $755,000.
production contracts by the
its present needs. ' Any such
Underwriters—The
as
value
par
and Nov.
was
Week End.
•
.
1944
the
stock.
common
♦
no
1943
on
The court
held, however, that another $1,318,000 in bonds held by the receivers
are
not entitled to share equally in the security of the mortgage as
they were subordinated to other outstanding bonds at the time of issue.
The underlying bonds on which the Atlanta-Birmingham group seeks
a call for tenders and the principal amount of each issue are: Georgia
& Alabama Ry. first consol. 5s of 1945, $6,085,000; Seaboard Air Line,
Atlanta-Birmingham division iirst 4s of 1933, $5,910,000; Georgia,
Carolina & Northern Ry. first 6s of 1934, $5,360,000; Seaboard & Roa¬
noke RR. first 5s of 1941, $2,500,000; South Bound RR.
(Southern
Division) first 5s of 1941, $2,033,000; Florida West Shore first 5s of
war
for
Period—
Southwestern Associated Telephone Co.—Earnings—
29 paid a dividend of $1.50 per share
ing properties of the All Florida Lines at
an amount equal to 25%
of the amount, if any,
by which the net income (as defined in Article I of the First Mort¬
gage) of the company for the preceding fiscal year exceeds $160,000 in
the case of payments
to be made in fiscal years ending prior to
July 1, 1950, and $72,000 in the case of payments to be made in fiscal
years ending after July 1, 1950.
The note agreement and the inden¬
ture each provide that the failure of the company to maintai« net
working capital equal to $1,500,000 will constitute an event of default.
They also contain other covenants on the part of the company and
restrictive provisions not relating to the payment of dividends on the
to
137,504
Judge Akerman ruled that all of the $24,543,000 of All Florida bonds
held by the Seaboard receivers are entitled to share equally with other
the
of
than
and the Chattanooga Traction Co.,
all subsidiaries of Southern Ry.
System ccmpanies, were transferred from Washington, D. C., to Char¬
lotte, N. C., on July 15..-.., •>
y
/.
■>
420,000
000 net.
tingent sinking fund
with
June
Florida Lines'
outstanding
200,000 shs.
have
supplies,
will
agreement
potes
137,504
420,000
property recently by Frederic
E. Lyford in an appraisal made on behalf of the trustee.
DaVid Fri¬
day, appearing at a hearing for an intervening independent bondhold¬
ers' group headed by Philip Godfrey, placed the replacement value of
the property at $18,000,000, less depreciation of $3,000,000, or $15,000,-
granting to 19 officers and
key employees of options, expiring on June 30, 1949, to purchase an
aggregate of 31,900 shares of common stock at $15 a share.
i
;
VT Loan—Company's predecessor had a "VT" credit agreement un¬
der which it could borrow up to $2,000,000 against a pledge of its war
production contracts.
It is contemplated that the present company
will seek to arrange for a "VT" credit agreement, principally to aid
event
68,752
210,000
mortgage 6% bonds of 1935.
With a
prior lien of $2,350,000 held by the Seaboard receivers against the
property for additions and betterments and $309,000 of receivers' cer¬
tificates having priority, the figure becomes $6,641,000.
A valuation of
$10,366,000
2678.
p.
headquarters of the Blue Ridge Ry. Co.", the Carolina
Northwestern Ry. Co., the Danville & Western Ry. Co., the High
Point, Randleman, Asheboro & Southern RR. Co., the Yadkin RR. Co.
Net
Seaboard-All
Outstanding
$500,000
800,000
($10 par)
Note—Stockholders
the
504,814
68,752
Judge Alexander Akerman
any
Authorized
159,
—V. 159, p. 365.
of
for
Complete More Wells
on
$558,866
upset price of $9,300,000 on the Seaboard-All Florida Lines in the fore¬
closure action brought by the Bankers Trust Co. as trustee for the
Capitalization of Company As Of July 1, 1944
in
406,644
$500,830
:
$299,613
ceivers appropriate $15,000,000 and set it aside for the
tender of the six underlying issues.
>
customers
267,154
-
Ry. Atlanta-Birmingham first mortgage 4% 30-year bonds.
The group, which holds $2,434,000, or about 40%, of the AtlantaBirmingham issue, urges the call for tenders "in the interest oi ex¬
pediting" the Seaboard reorganization and asks that the road's re¬
pany sold
to the underwriters 150,000 shares of common stock at
a share, sold to
the New York Trust Co., $800,000 3% 5-year
potes, and. sold to Mutual ife Insurance Co. of New York, $500,000 4%
first mortgage bonds due 1956.
The proceeds from the sale of these
securities were used to purchase the physical assets and inventory and
to provide the company with a cash working capital considered ade¬
quate for present.requirements.
C.'».
■■■■■■■■';■:■ I-ri■
I
The common stock being offered, which constitutes all of outstand¬
ing stock, was that purchased by the underwriters from the company
on
or immediately
prior to July 1, 1944.
The net proceeds from the
sale of the stock at that time were received by the company,
"
-
V.
Line
$11,375
It
207,842
the U. S. District Court by
filed in
Electric Steel Co. (Mich.) as of Sept. 30, 1943.
Such
business
and properties
were
acquired by the company on July 1,
1944, at a price of $650,000 exclusive of inventory, the cost of acqui¬
sition (including commissions)
to the California corporation of such
properties nine months previously.
Company also agreed to purchase
the existing inventories at cost or market whichever was lower.
Pend¬
ing a physical check, the value of inventories was taken at $1,800,000.
Contemporaneously with this transaction or just prior thereto, com¬
stock
28,443
'
►
643,000 of six Seaboard
Steel
Common
16,075
184,546
88,288
369,260
210,000
paid in
petition
159, p. 1391.
July 24 announced that its "producing subsidi¬
report ihe completion of 90 producing wells during the first six
months of 1944.
This compares with 74 producers brought in in the
like period of 1943.
Estimated daily potential of 36,267 barrels for
the 1944 period compares with 16,263 barrels for
1943, an increase of
20,004 barrels.
Daily allowable for these wells is 9,717 barrel against
4,161 for the 1943 period, or a gain of 5,556 barrels over 1943."—
Fixed-—
Rotary
l
88,288
368,580
44,144
*
183,922
...
Seaboard Air
by
the part of such claimants.—V.
&
.
44,144
Atlanta-Birmingham
acquire the steel business and properties which Rotary
Co. (Calif.), subsidiary of Atlas Corp., had purchased
to
Electric
&
organized
was
per
on
The corporation
Mills—Pays $1.50 Dividend—
$1.50;
14,
liquidating
a
The operating
-
$262,853
stock
common
pay
Southern Ry.—Subsidiaries' Offices Moved—
2014.
p.
to
aries
Cr30,596
Cr6,253
■.:/>
dividends
159,
Dividend
by order dated July
212
49,616
full year
Issue—Company
of
212
and
dividends
Sanford
as though the properties and business had been owned by
Rotary Electric Steel Co. (Mich.) during the entire period.
•'
The initial interest requirements on the notes
;and first mortgage
bonds will aggregate $44,000 a year.
Purpose
694,522
212
.
retired
income
The company on
justed profits
£
684,036
212
bonds
Common
—V.
(deducted from net sales) and for Federal taxes
hypothetical
are
$2,244,405
profits taxes—
Aug. 5,
contracts
war
$2,095,261
339,716
$1,142,739
347,070
23,987
$1,032,436
income
tiation of
profits
excess
165,042
$2,194,789
depreciation.
Prem.
Preferred
and
146,942
$2,048,689
46,572
funded debt_
tin order to reflect on a
consistent basis over the entire period the operating results of the
steel business only (which was acquired by Rotary Electric Steel Co.
<Del.) on July 1, 1944), the net profit of the "Steel Division" of Ro¬
tary Electric Steel Co. (Calif.) for the three months ended Dec. 31,
1943, has been combined with the net profit of Rotary Electric Steel
Co. (Mich.) for the 9 months ended Sept. 30, 1943.
Such profits for the
year 1943
are stated after adjustment to eliminate certain charges
which were extraneous to the steel operations. The provision for renego¬
income
86,654
interest
Prov.
Delaware,
trustees in dissolution
Sinclair Oil Corp.—Subsidiaries
■
$1,114,019
28,720
__
—
of further action
„
$1,008,449
of
expense
of
issues of bonds, notes
and preferred shares.
Net Prof.
$377,037
1,304,554
2,137,102
10,572,840
—
-
tTaxes
"Net Prof.
cents
of
State
necessity
'■■■h
Amort,
Earnings
of
Net Sales
10
the
for prior years and upon the payment of the
.expenses and allowances
in the proceeding a final distribution will be made to the
persons who
have properly filed their claims in the proceeding without the
73,772
Exchange
Summary
the
of
share upon the filing by each owner thereof
of a proof of his ownership of such shares.
It is anticipated that upon settlement of Federal income tax
liability
—
"."'v'
Qs
dividend of
against
as
Chancellor
has authorized
1944,
1944—6 Mos.—1943
$2,742,252
$2,8141085.
546,621
454,254
s
$1,451,125
250,452
263,689
__
income
on
Other
$1,345,910
inc.
revenue
Other income
time'products almost exclusively.
on
than
i
Gross
The
v
1944—3 Mcs.--1943
Operating revenue
Oper. maint., adm., etc.
applications for the company's steel are for the manufacture of
airplane engines and equipment, ordnance equipment, roller and ball
bearings and for military vehicles.
The company's list of customers
has not greatly changed.
It is now serving a majority of its peace¬
time customers,
although such customers are manufacturing war¬
Calendar Years—
stores,
(Excluding Saguenay Electric Co.)
Period End. June 30—
of its customers into the manu¬
Under present conditions the principal
war.
2,462
Saguenay Power Co., Ltd. (& Subs.)—Earnings
conversion
for
Simms Petroleum Co.—10-Cent Liquidating
-28 Weeks Ended——
July 15, '44 July 17, '43
July 15. '44 July 17, '43
$52,276,370 $46,717,064 $346,965,252 $312,405,155
Sales
similarly,
applications for the company's steel were mainly auto¬
motive, being for gears, bearings, springs and other similar products.
As in the case of other steel companies the company's business has
facture
471
160, p.
123.
™At tliehpresent
time Stokely Foods, Inc., a subsidiary of Stokely
Brothers & Co., Inc.,' operates 40 canning and freezing plants m 15
states.
The -headquarters
plant is located in Indianapolis, Ind.—V. 159. p. 2124: V. 158, p. 2622.
Monday, July 31, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
472
'
The
of
worth of
$27,000,000
of
tion
the
Earnings
the
for
company
Not*—The above earnings are
contracts.—V. 158, p. 495.
Int.
Corp.—Secondary Offering—Eastman, Dil¬
lon & Co. on July 21 made an offering of 24,748 shares
of 4% cumulative convertible preferred stock (par $40)
at $42 per share.
The issue does not represent new fi¬
nancing,—V. 160, p. 231.
operations
from
Carl
Collins, who has been.
I.
V.
160,
succeed the late Frank R. Frost.—
directors
July
on
declared
20
quarterly dividend of 40 cents
a
1,
In
of
(James) Talcott, Inc.—Earnings—
normal
Federal
.
1942
$461,690
207,800
120,000
120,800
108,000
169,400
Federal excess profits tax
——
$253,890
$0.66
1700.
jv'/v ■:i-i--
profit
V. • "• •
$208,343
$0.52
$190,638
$0.46
—
shares of common stock outstanding.—V. 159, p.
•On 322,056
•
after
Income
tirement
'
re-
<
.
$6,278,471
30, 1944
;
$673,672;
78,917
1,235,722
1,191,398
77,846
1,201,081
1,176,614
Income
stock,
Mines, Ltd.—Smaller Distribution
10 cents
tions of
Feb.
1,
each were
and Oct.
1
June
per
payable Oct.
$1,
par
cents
5
1,
share has been declared on the common
2 to holders of record Aug. 21. Distribu¬
made on Feb. 1, and June 1, last, and on
1943.—V. 159, p. 1486.
debt
funded
on
8,390,814
23,039,374
25,246,913
$9,009,071
Net
income-
§Earnings
•After
1942
1943
1944
-
per
charges
deducting
for
$100,000
amortization,
$163,337 for depreciation, $314,336 for
contingencies, and $1,288,800 for Federal
of
and excess profits taxes,
tAfter charges for de¬
amortization, contingencies, Federal income taxes, and
foreign income and excess profits taxes.
tAfter charges, reserve of
$100,000 for contingencies, and $1,788,000 for Federal and foreign
income and
excess
profits 'taxes.
flAfter provision of $147,237 for
depreciation,
$332,108 for amortization, $100,000 for contingencies,
and
$1,895,000 for Federal and foreign
income and excess profits
taxes,
§On 3,840,000 shares of capital stock, no par.
Current assets as of June 30, 1944, including $22,474,405 cash and
U. S. Treasury notes and certificates amounted to $26,086,768, and
current
liabilities, including $8,210,318 provision for current taxes,
totaled $6,644,248.
Reserve for contingencies amounted to $2,438,302.
This compares with cash and U. S. Treasury securities of $18,723,581,
current assets of $22,287,572, and current liabilities of $8,637,633.—
and
foreign income
preciation,
V.
159,
—V.
160,
p,
Balance
of
Texas Pacific Coal & Oil Co.
util.
subs.
U.
oper.
$0.97
Oper.,
gen.
admin,
taxes
&
Fed.
$2,764,089
Other
632,750
501,832
1,217,740
980,438
H
Other
fr.
operations-
$836,934
$487,195
$1,546,350
apDlic.
credits-
8,147
5,970
16,549
$845,081
for Fed.
inc.
tax
$919,153
26,621
156,922
151,379
397,529
40,000
75,000
dovs.
Net
to
surplus
share
$938,990
by
the
$0.30
Texas & Pacific
profits tax.~-V. 159,
Interstate
Commission.
Commerce
1944—6 Mos.—1943
1944—Month—1943
Period End. June 30—
$
•
•
expenses
__
$
$
$
40,309,783 235,165,176 220,977,165
23,978,110 159,085,160 135,148,967
16,331,673
13,392,760
76,080,016
54,047,909
85.828,198
964,108
revenues
39,237,759
25,667,869
9,933,393
Ry. oper.
1,021,810
5,048,005
5#5«,393
56,126,211
charge)
(net
Operating revenues
Operating expenses
Ry. tax accruals
Ry.
operating
Equip,
rentals
Jt. fac.
Net
$6,251,623
___
3,687,541
operations
from
1,917,103
2,672,389
702,952
2,302,971
2,112,648
7,514,009
7,900,133
__
4,975,360
24,498,111
31,951,727
charges.
1,173,009
4,029,751
1,273,218
7,043,635
7,200,938
income
other
&
(net
22,631,473
19,303,342
12,374,078
9,318,838
$879,795
$4,460,705
$4,943,305
$669,155
income
Net
all
from
17,454,476
2,756,533
24,750,789
six
Fixed
1943
June
30
45,500,000
42,500,000
purchased 35
eoal-burning locomotives, 25 for use
new
heavy freight duty and 10 for passenger service, William
announced.
The purchase price was said to
be $10,000,000.
Delivery of the locomotives is expected to be completed in November.
—V. 160, p. 156.
M.
for
Jeffers,
114,334
84,623
1,001,745
' Cr3,250
76,990
Crl7,303
$528,441
$798,422
$3,381,970
74,605
53,844
389,828
$4,553,227
298,322
able Sept.
$603,046
$852,266
$3,771,798
$4,851,549
V.
'11,628
103,668
303,672
1,763,792
1,866,406
$282,392
$536,966
$1,904,338
$2,933,323
'
22,746
__
*
_
3,825,805
___
$1,745,828 $13,076,107
57,298,928
all periods exclude the results
Light
effective June
disposed of in June, 1943, and August, 1943,
respectively'.
MacKenzie has been appointed director of
company
to succeed George M. Tisdale, recently
W.
of
this
MacKenzie
Mr.
made
was
position
which
the executive committee of the
member of
Vice-President and
'
assistant
held
he
to
his
until
director
the
present
of
*
purchases
elected
a
company1.
purchases
promotion.—V.
in
160,
368.
United States Steel Corp.—Quarterly Earnings Report
.Reporting the earnings of corporation for the second quarter of 1944,
S. Olds, Chairman, announced that the directors had July 26
declared the quarterly dividend of $1.75 per share on the preferred
stock, payable Aug. 19, 1944, to holders of record July 28, and a
dividend of $1 per share on the common stock, payable Sept. 9 to
^holders of record Aug. 11.
Income for the second quarter of 1944,
after all costs, including
allowance for estimated excess profits taxes, and after allowance of
$5,400,000 for estimated additional taxes applicable to the first quarter,
but before declaration of dividends, amounted to $15,354,917.
Income
for
the
six
first
the
than
pro
directors
The
Cos.—25-Cent Distribution—
declared
dividend
a
of
10 to stockholders of record Aug.
made
159.
have
Coal
on
June
10,
last,
the first
cents
25
dividend
per
and
Sept.
since
3,
sold
services
in
the
first
six
months
of
1944
were
purchased products and services and other increased costs.
steel products in the second quarter of 1944
Shipments of finished
For the first six months of 1944 ship¬
net tons—an increase of 592,838 net tons over
amounted to 5,271,500 net tons.
months'
six
This tonnage was the largest shipped in any
in U. S. Steel's history.
The previous record
period of 1943.
same
first
10,632,854
were
period
net tons shipped in the first half of 1942.
Production of steel ingots and castings in the second quarter of 1944
10,503,507
of rated ingot capacity.
and its subsidiaries at June 30,
current assets of the corporation
Net
deducting the current dividend declarations, were $574,980.056. compared with $550,674,974 at June 30, 1943. .
»
The total capital expenditures during the second quarter of 1944,
for additions to and betterments of fixed assets, were approximately
after
1944,
On June 30, 1944, unexpended balances for property
replacements amounted to approximately $60,300,000.
capital obligations of $4,213,630 during the quarter,
of long-term debt outstanding
at June 30, 1944, was
$11,100,000.
and
additions
After retirement of
the
amount
$130,336,397.
The
number of employees in the second quarter of 1944 wasf
compared with 344,021 in the same quarter of 1943—a de-'
This reduction in the working force was occasioned
average
of 22,570.
shortage of available man-power.
The total payroll amounted to
approximately $224,600,000 in the second quarter of 1944, which was
approximately $11,100,000 higher than the total payroll for a larger
number of employees during the second quarter of 1943.
by
share,
pay¬
1939.—
2236.
p.
$32,382,533.
This is $1,296,480
the first six months of 1943, but
was
for
$96,000,000 more than during the first half of 1943, but this gain in
revenue was largely offset by higher employment costs, increased costs
crease
A similar distribution
24.
1944
income
•
Products
321,451,
United Electric
of
months
reported
less than the income for that period adjusted to allow for
rata share of the annual provision for income taxes made
$1,403,520
51,820
297,908
President,
407,381
26,380
deducs._
$1,745,828 $16,901,912
1,912,865
comparative purposes.
averaged 95.6^
$8,000,000 $11,500,000
ended
This road has
Dr)
income
charges
June
in high-speed
was
Total
of
months
.___
Miscellaneous
profits taxes as follows:
1944
month
income.
oper.
$9,211,793
United States Rubber Co.—New Appointment—
Stanley
the
)
3,802,351'
sources
•Includes Federal income and excess
(net Dr)
income
3,598,624
1,529,138
160. p. 231.
ments
Orders 35 Coal Locomotives—
3,385,945
$595,353
$595,353
in which were
—V.
of
Fixed
1944—6 Mos.—1943
$5,889,854 $39,466,256 $33,565,485
$3,274,966 $20,500,536
2,000,263
and supplemental plan effective Feb. 29, 1944, ceased to be
majority owned subsidiaries.
Also excluded are the results of opera¬
tion of Concord Gas Co. and Erie County Electric Co., the investment
24,051,594
16,984,102
and
invests,
For
1,894,927-1,624,114
income
rentals
ry.
Other
1944—Month—1943
—
201,092
18,829,378
1943,
in. 1943.
Net inc. from transp.
Railway—Earnings—
Period End. June 30—
165,283
1,865,921
operation of Philadelphia Electric Co. and Delaware Power &
of
more
Equip. & jt. iacil. rents
$0.55
2015,
p.
99,542
10,387,335
Irving
Earnings for Jane and Year to Date
$489,952
$1.06
$269,622
$0.58
excess
99,565
656,744
income
1941,
65,000
$510,736
per
liability for
cum.
subs,
Note—The combined earnings above for
p.
For
•No
on
of
Balance
was
Earnings
$1,470,066
applicable to
capital stocks
Divs. on pfd. stock
1944, due $812,000 annually Aug. 1, 1945 to 1954, in¬
$1,000.
To be issued under the Philadelphia plan.
To
be guaranteed
unconditionally us to principal and dividends by
endorsement by
Union Pacific RR.
The issuance and sale of these certificates are subject to approval
59,317
304,884
25,000
charges
Deprec., depl., etc
$1,562,898
100,220
209,126
Income
$493,165
$1,243,762
Denom.
Total
•Prov.
yield from
Dated Aug. X,
clusive.
8,920
income
$725,179
to
Balance
0.80% to 1.825% according to maturity.
$910,232
income
Gross
1,380,809
$1,298,305 $11,212,056
offered
was
The certificates were offered at prices to
Co.
Inc.
Profit
1,395,835
deducts.
its
_
691,589
Expenses, taxes and oth.
of $8,120,000
exp.
tax)
705,213
;
of
applic. to U. G. I. Co.
(deducted above)
Trusts Offered—An is¬
1%% equipment trust certificates Se¬
July 27 by Halsey, Stuart & Co.,
Inc., Otis & Co., Inc., L. F. Rothschild & Co., Hallgarten
& Co., Schwabacher & Co., The First Cleveland Corp.,
Wm. J. Mericka & Co., Inc., Mullaney, Ross & Co., Stix
& Co,; F, • S. Yantis & Co., Inc., and Alfred O'Gara &
$1,890,670
than
(other
income
1944—6 Mos.—1943
$989,026
$2,850,875
$541,996
earnings
stocks
pfd.
$1.05
8,263,234
13,569,890
$1,469,684
income
662,695
$2,639,597
G. I. Co.:
Deferred
11,
(& Sub.)—Earnings—
1944—3 Mos.—1943
Period End. June 30—
658.892
328,681
Co., which, by reason of the U. G. I. Co.'s divestment plan
•Taxes
Gross
275.148
-
$3,509,767
$1,416,768
U. G. I. Co_
;
367.
Ry. oper.
2238.
p.
333,738
$3,302,292
$9,696,633
$0.98
income
Net
ries
1941
H$2,472,418 J$2,092,120 •$2,368,653 t$2,598,640
share—
$0.64
$0.54
$0.62
$0.68
3 Mos. End. June 30—
134,246
$1,745,449
Sink, fund, etc., approp.
Union Pacific RR.—Equipment
Co.—Earnings—
158,800
337,541
8,687,102
23,066,208
$9,122,837
& other charges—
profits taxes
amort.,
Earnings per common share
sue
Texas Gulf Sulphur
13,763,699
$3,234,619
$1,584,750
net
income
•Restated
of
dividend
14,824,572
$2,968,554
$1,247,209
Quarter 1st Quarter 2nd Quarter
1944
1944
1943
$40,704,739 $42,674,774 $41,613,181
151,715
155,555
163,237
-
-
—
Interest
Income & excess
Teck-IIughes Gold
A
7,142,082
$1,611,203
I
.
2nd
Period—
Deprec.,
—V. 160, p. 124.
1944—12 Mos.—♦1943
$8,753,285 $17,793,126 $16,998,318
$1,425,950
•
(less
on Government contract,
$2,500,000;
approved workmen's compensation claims
payable, $133,612; accrued Federal and State income and profits taxes,
$3,025,688; other accrued taxes, $478,578; collections from employees
against their subscription to U. S. war bonds, series E, $28,525; reserve
for
workmen's
compensation insurance, $439,314;
miscellaneous de¬
ferred credits, $79,316; accrued salaries and wages, $921,233; capital
stock ($2
par), $989,444; capital surplus, $382,227; earned surplus,
$2,157,810; total, $11,809,420.—V. 158, p. 2197,
payable,
$1,334,471 $12,591,487
V. G. I. and Subsidiaries
7,620,319
etc.
$5,928,168; U. S. war bonds, series E,
payment
Liabilities—Advance
taxes,
revenues
income,
Gross
■
provision for
$12,338;
inventories. $2,032,861; deferred charges, $176,639; investments and
miscellaneous assets, $787,607;
plant, property and equipment (less
reserves for depreciation and amortization of $775,902), $850,418; pat¬
ents, formulae and processes, $14,502; total, $11,809,420.
receivable
accounts
$2,006,887;
Assets—Cash,
uncollectible accounts).
,
306,649
103,569
accruals
res.
income
oper.
Other
$0.29
stock
1944—12 Mos.—1943
$7,084,869
$546,986
$589,645
exps.,
Net
Union Carbide & Carbon Corp. (& Subs.) —Earnings—
1944—Month—1943
Period End. June 30—
Operating revenues
Gross
Oper.
49,472
Balance Sheet, April
V
3.825,805
$6,978,413
$9,046,269
___
96,000
i.
_
.
1944—6 Mos.—'*1943
Utility Subsidiaries:
Operating revenues
$141,788
Earnings per share on capital
Tampa Electric Co.—Earnings-
Net
profits taxes—
___
accounts
•Earnings per common share
■'
1943
$449,143
in¬
and surtax
for
Net
1944
profit
est.
for
$468,038
Ended June 30-—
6 Months
Operating net
'
Combined Earnings.
$1,076,288
1,030,500
profits tax post-war refund (Cr)
Excess
of
share.-^V. 159, p. 2238.
40 cents per
Prov.
and
income
for
profit
Dividends paid
the capital stock, par $25, payable Oct, 1 to holders
record Sept. 1,
A like amount was disbursed on April 1 and July
this year, as against 30
cents per share in previous quarters.
addition the company on March 1, 1944, paid a special dividend
come
Provision
$1,334,471 $16,357,292
,
.
1,912,865
$404,572
113,403
>r——
income
Net
per share on
Prov.
Total
$8,891,278
pfd. stock.
on
Period End. June 30—
40-Cent Dividend—
Swift & Co.—To Pay
income balance
Net
Divs.
124.
p.
The
President—
Executive Vice-President since June 1,
last, has been elected President to
$404,572
*
$962,886
.
and expenses (net)
$2,863,609 $19,955,916
• ■:/.
•
;
1,529,138
3,598,624
•
Balance
Profit
2,000,263
434,728
Selling and administrative expenses
Other income
Superior Steel Corp.—New
$1,107,524 $10,891,541
—_
etc.
$25,905,216
24,507,602
-—*—
sales
of
income
Exps. & other deducts.,
Md.—Earnings-
Ended April 30, 1944
for Nine Months
sales
Net
Cost
1944—12 Mos.—*1943
-
$2,549,474 $19,352,630
314,135
603,286
income-
702,952
Total
Earnings
Only
$10,572,935
153,849
318,606
$953,675
v
Triumph Explosives, Inc., Elkton,
Sunray Oil
other
and
of Company
1944—6 Mos.—*1943
Dividend income
2312.
p.
*
Income
Period End. June 30—'v
$0.95
$1.43
subject to renegotiation of Government
$0.95
share
common
per
$281,244
chgs. and taxes
Net income after all
United Gas Improvement Co.—Earnings—
1942
$393,718
1943
$279,573
1944
6 Months End. June 30—
General Manager,
and
Vice-President
H. Manson,
announced on July 13.
Produc¬
year 1943 was $41,000,000.—V. 159,
the first half of 1944, Dr. Ray
forces during
the armed
to
total
radio, radar and communications equipment
N. Y„ delivered a record
plants at Rochester,
company's
Co.—Earnings—
Tokheim Oil Tank & Pump
At Peak—
Stromberff-Carlson Co.—Output
Statement
Consolidated
United Engineering & Foundry Co.—New V.-Ps.—
of Income
1944—3 Mos.—1943
Period End. June 30—
1944—6 Mos.—1943
s
Net
-V.
income
160,
_
who
Period End. June 30—
1944—Month—1943
$1,772,568
*
p.
2679.
—V.
of
159, p.
New
York
The
the
Thompson Co.—Dividend—Earnings—
directors
common
have
stock,
no
declared
par
a
dividend of 25 cents per share on
value, payable Aug. 15 to holders of record
Aug.
Results for First Six Months
Ended June 30
profit
Earns,
per
last
•After
V.
159,
p.
on
1942
1941
$5,971,038
$5,286,450
com.
443,744
99,569
a
vacancy.
per share has been declared
on
the 6%
non-cumul.
year,
and $3
share
per
on
March
16,
1942.—V.
159,
p.
115.
■
p.
$0.93
$1.50
$0.34
&
serv.
bought-
Deplet., deprec. amort,
of
emerg.
facil. &
loss on sale of fixed
this period
to
.
aris-
other costs
.
66,793,441
59,985,261
12,000,000
12,000,000
_1
y *
'
Adams,
that
6,000,000
1,145,642
*
*
2,717,759
on
2,264,803
3.930,784
33,800,000
11,563,883
24,700,000
18,738,532
49,000,000
18,416.037
52,800,000
15,354,917
15,679,456
32,382,533
6,304,919
6,304,919
12,609,838
8,703,252
8,703,252
17,406,504
31,086,053
12,609,838
17,406,504
12,338,643
taxes
Est. Fed. taxes on inc.
Common
sales
Chairman,
and
at
earnings
the
annual
in the first
meeting
quarter of
held
on
__
dividends
July 20,
the current fiscal
346,746
671,285
2,366,191
1,069,71
5,271,500
4,890.034
10,632,854
10,040,01
$1.08
$2.27
Surplus
finished
products
after taxes.
He said the company expected that the project for the erection of a
new
plant by Petroleum Chemicals, Inc., owned jointly by U. S. In¬
dustrial
Chemicals, Inc., Air Reduction Co., Inc., and Continental
Shipments of
serial
Oil
and
inclusive, at principal amount and accrued interest pluS the following
premium: serial notes maturing Aug. l, 1947, Vz%; Aug. 1, 1948 3%:
around
Aug. 1, 1949, 1%, and Aug. 1, 1950, VA%.—V, 160, p. 367.
gases.—V. 160, p. 53..
year,
Tide Water Associated Oil Co.—To
Pay Notes—
It is announced that the company will redeem on
Aug. 21 such of its
notes due 1941-1950 as mature Aug.
1, 1947 to Aug. 1, 1950,
15
starting April 1,
would
Co.,
to
18
were
slightly higher than
be approved,
months.
$14,000,000
It
to
'*
.
6,000,000
ing out of war
&
'
32,176,558
'
E.
C.
said
■
costs applic.
add.
466,641,362 430.515,115
365,142,867 308,264,630
.
35,818,221
assets
Preferred dividends
Nil
•
234,647,702 223,694,013
192,455,973 160,708.502
Income
U. S. Industrial Chemicals, Inc.—Sales Up—
tLoss.—
2239.
pen-
sions
Est.
>'•'
1,012,963,938 916,997,880
Smith, Jr., have been elected directors.—V. 159,
51.
'
depreciation, Federal and State income taxes, etc.
taxes &
secur.
long-term debt
State, local & miscel.
1
resignations of Eugene B. Powers, Bartlett Pinkham and Arthur
Schellenberg as directors have been accepted by the board, and E.
L. Lalumeier and H. H.
sold 531,561,098 477,240,171
salaries, social
Wages,
Int.
'
t38 743
296,stock
fill
to
United Specialties Co.—New Directors—
B.
1943
$7,416,507
273,861
sb.
300 shs. of
director
preferred stock, par $100, payable Aug. 10 to holders of record Aug. 1.
This dividend will be paid out of earnings for the fiscal year ended
May 31, 1944.
This compares with $4.25 per share paid on Oct.* 3,
.
1944
•Net
a
The
$7,522,016
-
elected
United Paperboard Co.—To Pay $6 Preferred Dividend
1; A like amount was paid on Feb. 10 and May 15, last. In
1943, the following dividends were paid: Feb. 10 and May 10 20 cents
each; Aug. 10, 40 cents; and Nov. 10, 50 cents.
Sales
been
services
&
Prod.
A dividend of $6
(John R.)
has
1902.
1944—6 Mos —1943
$1,895,434 $11,004,394 $10,328,186
Prod.
manage
Muchnic
Thermoid Co. (& Subs.)—June Sales Off 6.5%—
SaieST«TrT
-—V# 159,
will
William Hagel,
machinery sales; Horace Hager, Manager of roll and
steel casting sales, and Maurice P. Sieger, chief engineer.
Charles M.
53.-
p.
The following new Vice-Presidents have been elected:
will
be
and that
built
$15,000,000
the plant
at Lake
to
a
make
year
ago
would be finished
Charles,
in
at a cost of
from refinery
La.,
chemicals
steel
Per
common
Note—All
also
bility
of
to
share—
results
stated
$2.1
subject to final" 1944 audit adjustment
such as those involved in
the possi
of profits on certain contracts, the estimate
provision for depreciation and amortization, and estimate
contingencies.
renegotiation
tax liability,
of various
$1.04
are
various uncertainties
yolume 160
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4303
Number of Stockholders—
It was announced on July
stock
June 30,
outstanding
Verney-Brunswick
24 that United States Steel Corp.
amounted to 8,703,252 shares,
1944,
See
common
totaled 3,602,811 shares. '
the
common
stock
outstanding June 30,
1944,
2,070,340,
or
23.788%, were in brokers' names, representing a decrease of 27,282
shares from
the 2,037,622 shares, or 24.102'7, held by brokers
on
March
31,
1944.
Investors' common stockholdings June 30, 1944,
were 6,632,912 shares, or 76.212%, compared with 6,605,630 shares, or
75.898%, March 31, 1944. ' :,;v, ■
Of the
preferred stock outstanding, 494,359 shares, or 13.721%,
brokers'
in
June
names
1944,
30,
increase
an
of
Wabash
Gross
corporation
of
mine
new
a
will
Coal
Frick
C.
be
have
the
largest
daily
a
at Robena,
output
of
20,000
tons
operation
for
Piers
mine
The
be
situated
is
in
19,823,304
12,201,781
4,571,404
5,885,763
4,324,085
General
coal
The
General
of
its
the
have
Clewiston
Traction
fixed
31,
July
stockholders
of
pecial meeting.—V. 160, p.
United
1944,
entitled
as
the
vote
to
will
4,/2%
the
et
consolidated
railway
from
e.t
from
et
ry.
other
and
6,044
income
utility
debt
148,418
129,497
63,726
railway
55,408
said
and
second
stock
common
Operating
Maint.
Maint.
revenues
of
at
of
Traffic
30,
1944,
were
•espective
1,
to
Earnings
operations
559,122
3,502,627
42,588
644,552
* 8,825
265,055
259,891
4,987,723 2*4,415,141
112,595 /f?
54,148
428,242
382,930
792,374
19,493
76,089
1
■
%
—
Joint fac.
$889,023
$7,237,106
$6,833,357
554,000
375,000
3,771,000
2,810,000
%
rents, net (Dr)
19,070
22,605
$122,248
$133,283
27,283
24.990
'undry taxes
2,936
1,682
$518,559
$3,624,044
$4,064,101
31,214
159,702
168,103
$523,352
$549,773
$3,783,746
$4,232,204
268,548
278,827
1,619,321
1,657,330
$270,946
$2,164,425
of
600
4,100
——:
$85,657
-
91,518
x
-•
Balance
in
ash
1944
banks
the
result
a
reduction
the
of
income
for
ceserve
Federal
dividend
5.50
income
'
priority
stock
stock
1943
"During the past month
25,890
terminations
increased
nrealized
$3,571
$3,000
7,232
10,376
booked
* 56,755
7,831,758
7,468,786
702,225
531,045
—
159, p. 2239.
521,
the number of open, unsettled
though the booking value in¬
$8,672,605
Off
Slightly—Sales Increase
at
high
a
level,
months of 1944 continued to be
they v/ere off slightly from the same period
To June 30, 1944, orders were $446,031,899 compared
$473,631,033 for the first six months of 1943.
'
Sales billed for the same period were higher than last year.
1944
for
V.
to
Though orders during the first six
73.014
56,755
Total———
446
last year.
-
of general market securities %
apprec.
(June, 1944)
from
approximately $108,000,000 to $94,000,000.
In
the
same
month, 286 new terminations involving almost $9,000,000
in booking value were received."
7,630,135
71.064
"urplus
in income, in 1943, of $953,732 over
company's annual report.
The actual
$8,142,977
$1)
(par
with
The
Earnings
for
Six and
24 Weeks Ended June 17—
all
charges
: 159, p. 1082,
240.000
income
before
eprec.
.st.
depreciation
income
"stimated
of
&
Net
V.
profit
159,
p.
—
6,003
1,151
187,498
Crl6,406
>
1,037
182,357
Crl5,956
253,390
Cr22,172
—
—
2017.
—_
$61,545
second
of
stock
receive
will
preferred stock will
dividends
of
the
at
Distillers
stock
cash
for
the
accumu-
,
1
the
cash for
receive
rate
of
5%
receive
for
stock
common
all dividends
after
will
per
each
2/7ths
annum
of
from
of
share
share
a
White
of
Rock
held.
shares of National
carry
stock
common
the
date
Distillers
declared
stock
common
made
or
which
the
to
so
to
be
holders of
transaction
distributed
stock
such
of
is
clqsed.
Scrip
certificates, which will not carry voting or dividend rights but which
will
be
exchangeable for full shares, will be issued in respect of
fractions of
upon
shares.
The National Distillers Products
Corp. is principally engaged, directly
through subsidiaries, in Ihe production, distribution, storage, bot¬
tling, and sale of various types of American whiskies and alcoholio
beverages.
It owns 12 distilleries, directly or through subsidiaries,
and operates two distilleries under lease.
Effective Oct. 8, 1942, at
the direction of the War Production Board the
production of spii'its
for beverage purposes in the United States was discontinued and since
or
that
time
the
entire
distilling capacity of National Distillers has been
non-beverage purposes of ethyl alcohol
which are sold to agencies of the U. S. Gov¬
ernment
for
war
purposes.
Recently
the War Production
Board
announced
that
the
industry will be allowed to produce beverage
spirits during the month of August, 1944.
engaged
in
high
or
The
the
production for
wines,
all
National
of
Distillers
through subsidiaries, in
wines, rum, and other
Products
the
is
Corp.
importation
engaged, directly or
of Scotch whisky,
also
and
sale
alcoholic
beverages.
It also produces and
sells
domestic wines,
brandies, and vermouths, through two wholly,
owned subsidiaries, Italian Swiss Colony and Shewan-Jones, Inc., both
of which operate plants in California.
Henry H, Shufeldt & Co., Inc.,
a
wholly owned subsidiary, is engaged in the processing and sale of
maraschino
cherries, olives,
Years Ended Dec. 31
Gross
sales,
and
Cost
less
and glace fruits.
♦
discounts,
of
__f
i
income
from
Xry 397,374
364,373
305,634
$578,207
$508,042
17,083
16,331
$523,041
15,874
21,599
5,200
338,035
operations
'
Depreciation
for taxes
(estimated)...
19,896
jt
5,200
5,200
324,338
204
323,135
4,914
$212,904
—
$141,379
Selling,
gen. and admin, exps.:.
Provision for doubtful accounts...
operations
Total other income.—
Other
Prov.
50,389
—i
Net
$175,747
1,959
charges
•_
taxes
income
3,373
$138,960
47,772
34,368
$263,293
—
income
for
1941
1942
$872,415 % $828,675
$975,581
15,665
goods sold
"Provision
1943
*
returns
allowances
_
$186,732
45,550
62,255
41,478
$111,533
$99,704
1,821,591
1,806,544
1,721
1,807,271
$1,986,192
on
income
69,772
$1,919,798
72,254
$1,906,975
73,853
993
1,203
1,828
74,250
24,750
24,750
$1,841,177% $1,821,591
$1,805,544
(est.)—
—
Jan.
at
98,693
%
$164,601
_
1———
%;
—
$85,519
i.j
,i«e
Total
1st preferred
profits
tax—
41,885,855
29,054,696
80,012,913
84,917,108
9,982,384
55,338,350
bef.. post¬
adjustments—
9,819,368
9,172,448
22,091,687
tax
56,600,096
43,425,471
112,237,819
4,894,873
———
__—_
5,198,329
10,133,219
income
war
Post-war
exc.
Deduct;
—
"Other than Federal
.
and
State
taxes on
Balance Sheet,
Assets—Cash
securities
^
income.
.
at
on
cost
hand
and
demand
market
(quoted
Dec. 31, 1943
deposits,
$324,673;
value $800,767),
marketable
$753,175;
accounts
receivable, $80,850; inventories, at cost computed on basis of "first infirst out," $59,264; other current assets, $3,462; mortgage receivable,
maturing in 1947, $37,000; investments, $3,504; property, goodwill,
trademarks, etc., $6,760,720; deferred charges, $10,803; total, $8,033,451..
Liabilities—Accounts
trade, $12,151; accrued taxes, Federal
tax, State and city taxes, Federal and
withholding taxes, payable in 1944 (est.),
$121,167; accrued commissions, $488; accounts receivable, credit bal¬
ances, $4,904; unclaimed dividends, $4,286; reserve, $28,275; 7%
first
preferred stock (par $100), $1,230,800; second preferred stock (par
$100), $50,000; common stock, no par value (incl. 2,500 shares held
taxes
on
State
payable,
capital stock
income,
social
security
and
for conversion of 194 shares of second preferred stock presently out¬
standing, and 306 shares held in treasury), $1,000,000; capital surplus,
arising from corporate action reducing capital represented by out¬
standing common shares, $3,950,000; capital surplus, arising from
purchase and retirement of first preferred shares,
$1,575; earned
surplus, $1,841,177; less 2,534 shares of first preferred stock and 300
shares of second preferred stock held in treasury (at cost), $211,373;
total, $8,033,451.—V. 159, p. 2570.
^
Wisconsin Central Ry.—Interest Sought—
profs.
tax—
4,188,585
2,905,469
8,001,291
5,533,835
3,537,252
3,038,027
7,260,597
6,428,527
for
conting...
neapolis.
The
160, p.
1577""
petition
was
10,470,701
9,039,888
22,832,381
18,701,182'
filed
by the
United
Trust
States
Co.,
last
payment was a 4% disbursement last Dec.
Previously
were made in Januaray and July.—V. 160, p. 232.
as
2%.
Youngstoivn Sheet & Tube Co. (& Subs.)—Earnings-*
1944
1943
1941
1942
"Operating profit
$10,257,081 $11,902,312 $14,099,277 $12,039,140
Deprec., deplel. & amrt.
• 3,396,338
3,220.290
2,531,963
2,072,111
Int. on funded debt—
861,720
572,597
599,195
659,232
.....
Fed.
inc.
taxes
Net
Com.
&
exc.
profit
shares
—
4.201,000
—
$1,798,017"
—
outstand'g
share—
,
1,675,008
$0.95
After deducting charges for
cellaneous
p.
profits
.........
Earnings per
i
-
The
trustee.
*
$63,261
petition seeking payment of two coupons on the general mortgage
1949 has been filed in the U. 8. District Court in Min¬
bonds of
4%'
refund
Provision
post-war
-V.
_
at close of fiscal year.—
Balance
'
of
——
dividends...
dividends
Common
19,595,874
adjustments
Add:
dividends
preferred
3 MoS. End. June 30—
post-war
Net
1942
$241,526
profits taxes.
refund—.—_
—
The
880,316,653
592,482,627
Excess
1943
$325,315
7,428
1,151
patents..
of
holders
National
Federal
and
taxes
Income
1944
excess
post-war
■
$236,192
7,209
,
thereof
The
payments
767,125,246 880,316,653 767,125,248
395,564,740 320,105,295 784,802,162
bef.
Income
448,031,899 473,631,033 931,367,923 1,052,084,969
less
——
biiled
Sales
$1.33
Co.—Earnings—
;——
preferred
1, 1944, to the date of dissolution.)
(c)
A
1944—12 Mos.- -1943
terminated
&
orders
profits taxes.—
;
of buildings and equip..—.
imortization
$1.34
excess
'
•
Months Ended June 30—
rofit
and
—
unfilled,
held
$319,513
240.000
$0.54
Federal
and
booked
Orders
1242
$320,511
240,000
... —
Victor Equipment
*3
1943
$130,593
outstanding
.arnings per share.—
? After
Orders
1944
profit
The holders
holders
Ended June 30
Twelve Months
1944—6 Mos.—1943
S
Net
.first
($100 per share), plus dividends
their shares at the date of dissolution.
par value of their shares ($100 per share), plus dividends declared
but unpaid on their shares at the date of dissolution.
(If the pro¬
posal is approved, such dividend will be paid on the second preferred
stock upon
such distribution as will result in the payment to the
to June 30, were $395,564,740, compared with $320,105,235
corresponding period of 1943.
$8,142,977
Co.—Earnings—
Thares
the stockholders and consum¬
dissolved and the cash and
will thereupon be distributed
sales,
the
|
Van Norman
by
promptly
Distillers
shares
on
profits
from
decreased
volved
7,823,468
;—
$0.10).
rpar
excess
"Although production exceeded any other six months in the history
company," he said, "one of the most important items to receive
has been the termination of war contracts, which is coming
more and more to the forefront in all business engaged in war produc¬
$486,952
:
ommon
and
of the
$8,672,605
and taxes....
taxes-——-
income
company,
Orders
payable, accrued-exps.
the
in
Federal
after renegotiation, is $21,401,568.
Mr.
Robertson also reported on the company's plans for handling
contract terminations, which are becoming a major problem.
net
Liabilities—
ccounts
after
attention
22,099
...
—
is
estimated
income
that
stated
Robertson
the
tax,
1
$827,038
....
of
their
and unpaid
(b)
for a re¬
voluntary
tion.
ividends receivable and interest accrued......
Total
lated
of
be
National
follows;
as
holders
The
value
approved
will
from
liquidation
(a)
par
is
company
stock of
latter of
reductions made during the year on individual orders.
Mr.
Sheet, June 30
eneral market quotations,
in
2nd
it was announced July 26 by A. W. Robertson, Chair¬
completed its renegotiation for 1943 with the Navy Price
has
price
75,099
74,014
Completed—Results for First Six Months
1944—
man,
.^Without giving effect to results of security transactions.
/;
Assets—
in
transaction
the
received
Earned surplus
Adjustment Board, and has signed an agreement providing
fund to the government of $5,055,965, in addition to major
$138,351
$129,105
$102,766
$5.50 div. prior-
on
Ity stock
$254,804
The company,
over
88,830
expense
iv.
inc.
Co.
.
—
—
tiation for 1943
1943
^Excess
the
mated,
stock
$2,574,874
•
160, p. 54.
Dec.
20.239
3,032
5,304
700
4,244; '
3,100
—
for Fed. inc. taxes
rov.
19,982% '
3,524
-
93,085
29,561
Net -income
—V.
$160,95&r'%*$167,627
3.244
3.272
$4,023,357
137,684
96,940
$3,466,106
251,023
$493,791
income.
oper,
ry.
t
$149,375
18,252
$138,351
10,951
orporate expenses
$514,023
23,039
18,503
$465,193
47,668
Fixed charges
1941
1942
$122,332
vlanagement expenses..
62,521
the directors, of National Distillers Products Corp.
the assets, property, business and good will of the
by
acquire
Rock
Net income from
30
6,686
Total
-<
$1,019,193
——
—
Operating income
rents
of
bonds..
on
it
Inventory reserve, no longer required
1943
to
Westinghouse Electric & Manufacturing Co.—Renego¬
$115,562
earn,
at
share
of
approved
3,420,755
612,828
^
Equipment
on
Stocks
nter.
priority
for 6 Months Ended June
1944
div.
cash
ncome,
1944—6 Mos.—1943
$2,577,682 $18,764,863 $17,485,436
371,051
2,231,615
2,119,214
44.076
equipment...
operating revenue
Taxes
the
amounted to $111.82 per
$111.34 at June 30, 1943.
reports
and
1943,
Alabama—$3.50 Dividend—
July 18 declared a dividend of $3.50 per share on
payable Aug. 1 to holders of record July 25.
A
$4
per
share was made on Dec. 22. last year.—
54.
that
Rents
approximately
to
1,118,226
2,260,232
stock,
been
Gross
equivalent
3,869,535
A
Gross
Net
Net
June
of
stock
preference
1944—Month—1943
expenses
General expenses
corporation's $5.50 dividend priority stock,
he priority
stock is entitled to $110 per share and accumulated
ividends upon voluntary liquidation.
The net assets as shown in the
share
amortization,
amortiza¬
(12,000
$3,001,785
437,732
—_
& struct.
way
Gross income
assets
of
process
Western Maryland Railway—Earnings—
Other income
per
in
expense
preferred
cumulative
$6
$365,000;
Utility Equities Corp.—Earnings—
net
supplies,
and
$12,479,528.
Period End. June 30—
364,173
52,796
17,294
66,030
4,964,420
White Rock Mineral Springs Co.—Proposed Sale
National Distillers Products Corp.—To Dissolve—
record
(11,386 shares, no par),
stock (5,000 no par
shares, no par), $552,000;
long-term debt, $6,720,000; accounts payable, $25,438; dividends pay¬
able July 1,
1944 (less deposit of $17,079), $97,500; customers' de¬
posits and accrued interest thereon, $136,124; accrued general taxes,
$85,181; accrued Federal income taxes, $106,456; accrued interest on
long-term
debt,
$62,200:
miscellaneous. $9,620;
deferred liabilities,
$64,592;
reserves,
$2,800,625; contributions in
aid of construction,,
$35,768; earned surplus, $280,423; total, $12,479,528.—V. 158, p. 1903,
•
.624,996
146,668
160, p.
will
"1,981
27,519
;
687,756
income...
"Deficit.—V. 160, p. 53.
The
321,626
materials
$58,079;
revenues,
cumulative
Liabilities—$6
shares),
$52,126
2,3564
$117,181
37,695
15,467.827
5,384,095
9,575,857
9,392,219
directors on
capital
distribution
V.
$204,699
Sheet, June 30, 1944
discount
total,
$98,456;
$1,138,600;
1941
737,193
railway..—
oper.
121.88
291,354
plant
accrued
$8,263;
Miscell.
$60,850
-"•'28,133
,:,20,835
Western Ry* of
the
$526,326
$292,763
deductions
Transportation exps.—_
1942
From Jan. 1—
jtoss
$499,878
26,447
:
$584,117
—
income
tion.
gold
mortgage
1943
$105,307
11,240
railway.
oper.
$538,510
45,607
...
$140,270; commission1 on preferred capital stock in process of
156, p. 168.
1944
from
ry.
—
priced substantially at average cost, $122,560; prepaid taxes, insurance,
Utah Ry.—Earnings—
June—
et
73,758
...
.
income
$144,336;
156.
ity, pursuant to said agreement.—V.
irom
______
tax
(including intangibles),
$11,248,800; invest¬
ments, $178,320; cash, $232,926; U. S. Government securities, $247,518;
accounts receivable (less reserve for uncollectible accounts of $14,719),
bonds
ue June 1, 2004,
having terminated its duties, notice has been given
that it has filed its account of its expenses and disbursements with
entral Hanover Bank & Trust Co., depositary, 70 Broadway, N. Y.
rpss
180,325
Co., Albany, N. Y.—Committee Ter-
for
1929,
9,
116,249
185,630
51,108
47,000
earnings
Assets—Utility
,
Dec.
80,433
__
taxes
profits
Balance
record
at
21,292,676
2,231,915
232.
p.
common
inates—
>♦*
The*committee acting under the bondholders' protective agreement
ated
■;
income
Net
Corp.—Proposed Acquisition—
determination
160,
Jan.
assets.
of
directors
for
87.401
_
_____
taxes
Gross
in
subsidiaries, the transfer of such subsidiaries to United States Sugar
orp. in exchange for its stock, dissolution of the Clewiston Corp. and
The
18,333
117,274
—
....
income
Other
vesting of the assets of Clewiston Realty & Development Corp.
ate
1943
$1,514,873
551,418
16,344
depreciation—
excess
Net
meeting
istribution
for
Federal
of stockholders of Clewiston Realty & Develop¬
ed Corp. will be held in Clewiston, Fla., on Aug. 21,
1944, for the
purposes of acting upon an offer of United States Sugar Corp. calling
"or
—V.
If
1944
$i,557,572
578,634
—
Federal
etc.,
States Sugar
24,766,621
oper.
exchange for cash, shares of the common
National Distillers Products Corp., and the assumption
by the
all the liabilities and obligations of Wnite Rock.
Co.—Earnings—
"
—
——
charged to construction (Cr)_
expenses
Provision
on
barges and shipped sixty-one miles by river to the
by-product coke ovens of Carnegie Illinois Steel Corp., another
nited States Steel subsidiary. ("New York Times").—V. 159, p. 2569.
special
revenues
Maintenance
loaded
United
255,149
White
Operation
reserve.
850,601
9,553,300
railway—..
railway.—.
income...
from
ry.
.
special meeting of the stockholders has been called to be held oa
Aug. 23, 1944, to consider and take action upon a proposal, which haa
West Virginia Water Service
lairton
A
$26 per share with a commission of 65 cents. The
was offered by Merrill Lynch, Pierce, Fenner &
12 Months Ended June 30—
Pa.,
coal
69,000-acre
720,031
from
Net
4,337,187
Operating
bu.ldings
a
431,054
8,221,939
from
already
of
group
18,808,609
$1,767,284
1,063,566
the smallest.-—V. 159, p. 2570.
have been constructed near the
including the tipple, washer
and mixer are not expected to be completed for at least a year and
a
half, by which time two additional service shafts will have been
sunk and put in operation.
the
27,192,948
Interest
docks
coal
new
but
mine,
ew
34,309,156
1941
$2,715,413
From Jan. 1—
Gross
Net
832,355
1942
$4,218,062
2,136,810
1,171,360
1,266,210
Kidder, Peabody & Co. The sale was com¬
pleted in the elapsed time of 35 minutes.
There were
52 purchases by 21 firms; 500 was the largest trade, 50
month.
next
1,537,291
1943
■
$3,939,439
.
Beane and
veloped.
Preparation of the underground network of shafts has resulted in
a recent daily production of 4,000 tons of coal, which is being deliv¬
ered to a tipple three miles up the Monongahela River through twin
tunnels passing under the river.
The main service shaft will be ready
for
2,448,128
735,028
962,315
46,426,180
stock
which, it was said,
producer in the world.
It will
of washed coal when fully de¬
coal
bituminous
3,286,940
'
47,552,890
? 25 at
Completed—
in Greene County,
from
railway....
Net from railway—..
Net ry. oper. income—.
$4,827,285
West Virginia Pulp & Paper Co.—Special Offering—A
special offering of 8,233 shares of common stock (no
par) was made on the New York Stock Exchange July
July 20 announced that its subsidiary,
the
is now pushing to completion the development
on
Co.,
736,717
1941
1944
from
The
,
-Greatest Coal Mine Soon
income—
oper.
1942
$6,493,777
$7,912,612
3,021,652
railway—__
Net ry, oper. income—
—V. 160, p. 54.
1,772,414
The
$7,853,304
railway-—
Net
,
H.
ry.
1943
railway.,—_
railway—
From Jan. 1—
the 485,204 shares, or 13.467%
held March 31, 1944.
Investors'
holdings of preferred amounted to 3,108,452 shares, or 86.279% of the
outstanding issue, on June 30, 1944, compared with 3,117,607 shares,
or 86.533%, held by them March 31,
1944.
New York State brokers' holdings of common stock June 30, 1944,
shares,
or
20.365%,
against
1,815,981
shares,
or
20.865%, March 31, 1944,
Brokers' holdings of preferred stock were
386,024 shares, or 10.714%, June 30,
1944,'compared with 381,824
shares, or 10.598%, March 31, 1944.
New York State investors' holdings of common stock June 30, 1944,
were },191,087 shares, or 13,686%, compared with 1,191,191 shares, or
13.687%, March 31,
1944.
Investors' holdings of preferred stock
Juno 30,
1944, were 1,035,187 shares, or 28.733%
against 1,048,362
shares, or 23.098%, March 31, 1S44.
Foreign
holdings of steel common June 30,
1'944, amounted to
478,676 shares, or 5.500% of the issue, compared with 481,557 shares,
or
5.533%, held March 31, 1944.
Of the preferred stock, 56,375
shares, or Ii565%, were owned abroad June 30, 1944, against 56,614
shares, or 1.571%, so held March 31, 1944.
1944
from
from
Net
over
were
Gross
Net
RR.—Earnings—
"June-
RR.—Earnings—
June—
"
shares
9,155
Western Pacific
Acquisition
159, p. 1488.
Gross
Gf
Were
Inc.—Proposed
while
stock
preferred
Mills,
Newmarket Mfg. Co. above.—Y.
473
2570.
taxes,
and
sundry
5,852,000
8,677,000
4,541,800
$2,257,425
1,675,008
$1.22
$2,291,119
1,675,008
$1.24
$4,765,997
1.675.C03
^
$2.72
maintenance and repairs of plants, mis¬
other operating expenses, etc.—V. 159,
.
.
.
Oil Output
For August
Set At All-Time High
State and
Ralph K. Davies, Deputy Petro¬
leum Administrator, announced on
July 23 that an all-time
rate
duction
BOND PROPOSALS AND NEGOTIATIONS
barrels
daily of all petroleum liquids has
been certified to the various oil-
producing States for August,
bid produces the lowest
new revenue source, whose
city levied the gross interest cost after deducting the
income tax, termed a "transac¬ premium offered, if any.
Interest
tions" tax, early this year for a on the premium, if any, will not
Seeking
ALABAMA
Huntsville, Ala,
1944.
Notice
Redemption
N.
—
M.
a
Florida
the
represents a net increase
"This
City Department
high pro¬
4,945,400
of
Monday, July 31, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
474
1, 1949; 2% to and including Apr.
1, 1954, and 3% thereafter to ma¬
turity. The bonds will be subject
to prior redemption.
The refunding bonds to be is¬
60-day experimental period.
The be considered as deductible in de¬
will redeem tax was levied at a rate of Vz of termining the net interest cost. sued in exchange for the bonded
In determining the net
shall
be
of
two,
on July
interest indebtedness
1, 1945, all of its $1,091,- 1% on the gross receipts of every
000 electric system revenue anti¬ person, firm and business operat¬ cost, interest will be computed to series,
to-wit:
series
"A"
and
the maturity date from Oct.
series "B."
The series "A" re¬
1,
cipation bonds, consisting of bonds ing in the city.
1944.
Said bonds will be issued funding
Nos. 660 to 1,750, dated July 1,
Municipal finance officers
bonds shall be in an
Davies said.
and sold by the State Board of amount. equal to 50%
of the
In
the
Southwestern
States 1940, maturing in annual instal¬ throughout the country watched
ments on July 1, in 1951 to 1960. the
Administration, a body corporate bonded indebtedness, whether
experiment
with
interest,
Texas received a net increase of
barrels daily over the
production
and is approximately a 500,000barrel per day increase over ac¬
tual production a year ago," Mr.
of
37,700
rate certified for July
33,000 barrels per day over July
certifications to compensate for
in completion
of natural gasoline production fa¬
cilities in Louisiana and decreases
unforeseen
delays
productive capacity
in Mississippi and New Mexico.
Louisiana's certification was re¬
in
oil
crude
10,000 barrels from the
duced by
July certification, Mississippi's by
1,000 barrels and New Mexico's by
2,500 barrels.
Commenting
Mr.
Texas,
for
certified
rate
increased
the
on
Davies said: "The urgency
of mili¬
requirements has made it
necessary to certify, as a matter
of war necessity, a rate of produc¬
tion
for
Texas
during
August
tary
which, in the technical opinion of
PAW, may well result in exceed¬
ing the maximum efficient rates
of
production for
some
fields in
that State."
the rate certified
is 12,900 barrels daily more than
that for July.
The major portion
For California,
of this increase is attributable to
new
tual
well
completions and to ac¬
in
performance
production
Payne, City Clerk and Treasurer,
reports that the city
representative of the composed of the Governor, Comp¬
communities in troller ana Treasurer of Ihe State,
by and existing under
its presentation and surrender at exploring new sources of revenue created
the Chemical Bank & Trust Co., to meet increased costs of local section 16 of article IX of the
New
York
City, the principal government.
The tax was aban- Constitution of the State, and pur¬
thereof
and
accrued
interest bonded partly because of the op¬ suant to the applicable statutes
thereon to July 1, 1945, together position
which
developed and of the State and a resolution duly
with a redemption premium of partly because of the city's in¬ adopted by said board and will
be validated by judicial decree.
4%. Each bond surrendered must ability to compel compliance.
constitutional
At the end of the first month Reference to, said
be accompanied by all coupons
for interest accruing after July 1, only 79 firms had filed returns provision, statutes and resolution
1945. Coupons for interest on that and paid a total tax of $1,990, may be had for a more detailed
will become due and pay¬
There
able
on
each of said bonds, upon
many
attached to the bonds which will be refunded. The tax
payment, or, if detached by was expected to produce around
the holders, may be presented for $150,000 a year.
The city council increased mu¬
payment in the usual course. In¬
terest ceases on date called.
nicipal occupational taxes, rather
than the ad valorem tax which
ARKANSAS
now is $4.50 per $100 true value,
because of the expansion of busi¬
Helena, Ark.
ness and
the tourist trade.
The
To
Purchase Water System—
The City Council has voted to gross income tax principle was re¬
tained for retail and wholesale
purchase the water system, now
merchants who, in addition to the
owned and operated by the Ar¬
minimum license fee, must pay
kansas Utilities Company, and the
$2 and 60 cents respectively per
City plans to issue $360,000 in
bonds to finance the transaction. $1,000 of gross sales.
The fees for the more than 100
Little Rock, Ark.
occupational classifications vary
for
Bond
Call—H. C. Graham, City
Clerk, reports that $32,000
•
barrels daily over,
the quantity certified for July.
This increase will permit 'suffi¬
cient current production to meet
increased requirements for black
crude
oil, which can now be
moved with additional transporta¬
of
efforts
date may be
llk%
unrestricted fields.
airport improvement bonds Nos.
In the Rocky Mountain States, 346 to 377, are called for payment
the rate for August calls for an on Sept. 1, 1944, at par and ac¬
increase of 5,000
since it was
crued
tional
the
at
interest
Chase Na¬
Bank, New York City, and
attached to them .all
have
must
maturing after
redemption
dates.
Due $16,000
March 1, 1969 and 1970.
Interest
interest
coupons
description of said bonds.
The
approving opinion of Giles J. Pat¬
terson, of Jacksonville, to the ef¬
that
fect
such
bonds
legally binding obligations of
the
State
certified
a
check
bonds bid for,
Board
fied
Unclassi¬
$25 plus $5
than 1,000 persons.
more
fied business will pay
2%
for
of
Certi¬
Administration.
of
checks
the
payable to the State
require documentary
stamp tax at rate of 10 cents per
bankable
Separate
chair for bootblacks $100.
tances
should
for a theater seating
$1,500
Administra¬
of
Board
tion, acting for and on behalf of
said district and, if requested, a
copy of the transcript of the pro¬
ceedings involved will be deliv¬
ered
to
the purchasers
of said
bonds, without charge.
Enclose
from $5 per
to
valid
are
and
accompany
remit¬
each
facilities
that have
been
Ocoee, Fla.
The
date called.
the
ceases on
year,
employ clerical lando Division. A hearing on the
cently made available.
and other help necessary to en¬
Rates of production certified to
petition will be held at the Fed¬
Ferndale, Calif.
force the act, and a system of pen¬ eral
the
Eastern
and
Midwestern
Building in Orlando at 2:00
Town
To Construct Memorial
alties for noncompliance is set up. p.m., on Oct. 2.
States
remain
At that time the
practically
un¬
Building — The Town will con¬
court will also consider any an¬
changed. The wells in these areas struct a veterans' memorial build¬ Hardee County Special Road and
swers
and
objections that may
appear to have reached the maxi¬
Bridge District No. 16 (P. O.
ing. Purchase of property neces¬
mum 'production capacity as indi¬
have been filed by any creditors
Wauchula), Fla.
sary for construction of the build¬
cated by actual production trends.
to the plan within the time al¬
Bond
voters in
ing
approved by
election.
was
Ill.-Wis. Home Owners
Los
School
A
47%
increase in the
(P.
District
Lakewood
O. Los
amount
bids
no
received for the $225,000
not to "exceed 5%
consin
bonds offered for sale on July
borrowed in
owners
the first quarter of 1944 as com¬
pared with the
is
year
same
Loan
whose
survey
Federal
FLORIDA
Chicago,
Eustis, Fla.
the
Bank
of
the
covers
mortgages
There
home
recorded by
of lenders.
home
loans
States' of this
amount of
160, p. 369.
period of last
reported by
Home
—v.
interest school
25
were
made
all types
23,673 new
in
the
district for
a
two
total
$88,642,000, A. R. Gard¬
Bond
fered for sale
July 25—v. 180,
on
369—were awarded to a syn¬
dicate composed of Leedy, Wheel¬
p.
increased
their
the 32
ceding
proportion
and 33%
over
years.
&
counties
counted
of Cook and Milwaukee
continued to mount, Mr.
Gardner
pointed
for
out.
61.8%
of
They
the
ac¬
home
borrowing, whereas this time last
year
they
Fort
City
rowing recorded in the metropol¬
areas
1978.
of the two pre¬
Proportion of the mortgage bor¬
itan
er
were
the
scene
55.5% of the volume.
of only
1951.
Principal and in¬
terest payable at the Exchange
National Bank, Tampa.
Bonds to
bear interest expressed in mul¬
1,
Myers, Fla.
Substitutes
pational
License
perimental
perimental
failure,
doned it
riod and
Higher Occu¬
Taxes
Income
income
gross
Fort
Myers,
after
a
levied
for
Tax—Its
has
ex¬
tax
a
aban¬
60-day trial
a
Ex¬
pe¬
to
meet
bidder
at 3% when sold to the
highest price
therefor, the Board reserving the
exclusive and unqualified right
who
will
the
pay
to determine who is the best
bid¬
reject any or all bids.
The payment of said bonds and
der and to
interest
the
be
will
thereon
se¬
an
anticipated
$75,000 budget deficit for the 1945
fiscal year ending next March.
Creditors
within 10 days
file
to
claim
of
setting
and
interest
claims
their
forth
'
7
required
are
proofs
sworn
has accrued
prior to the hear¬
the refunding
by the creditor, the total amount
interest
such
of
and
additional
pledge of said district's distribu¬
district,
share
tive
and
of
a
an
tax
of two cents
coupons
due to
the date of such
bonds.
All judgment
including
refunding
holding bond debt shall
creditors
the
use
same
form
proof
of
of
remain¬
claim and shall show the
ing balance due on such judgment
as
of the
date
of such refunding
bonds; all creditors owning open
by a pledge of the full accounts
faith, credit and taxing power of
said
unpaid interest which
on or prior to the date
bonds to be is¬
sued under the plan, Apr. 1, 1944,
and where only coupqns are owned
of
cured
or
judgments upon open
accounts shall use the
and shall file the same
same
period of time.
same
form
within the
All creditors
sales of gasoline or who have heretofore filed accept¬
other like products of petroleum
ances to the plan of composition
accruing under section 16 of ar¬
ticle IX of the Constitution of the need not file further proofs of
gallon
per
on
State, by the terms of which the
of
Legislature
quired
to
continue
said tax for
from
Jan.
a
1,
is
State
the
the
re¬
levy
1943,
and
is
pro¬
ceeds
of
during
will
be
constitutional
said
period.
awarded
to
The plan
of
the
all
bonded
debtedness.
will
The
bonds
bidder
be
mature
| terest
for the refunding
outstanding
principal
indebtedness- and all
operation
the
callk
crued interest
on
ac¬
the bonded in¬
The refunding bonds
dated
remaining
50%
of the
indebtedness, as of Apr*.
1, 1944.
'
7
Clear-
Pinellas County (P. O.
■>
water), Fla.
Bend Offering—J. M. Lee,
State
retary
Sec-;
Adminis¬
of
Board
tration, reports that the board will
receive
sealed
bids
his
at
office
in
Tallahassee, until 10 a.m. on
Aug. 29 for the purchase of $100,000 coupon SBA refunding, series
1944 bonds.
Dated Oct. 1, 1944.
Denomination $1,000.
Due Oct. 1,
Principal and interest pay¬
1952.
able at the Florida National
Jacksonville.
Bonds
Bank,
bear
to
in¬
terest
expressed in multiples of
V4, one-tenth or one-twentieth of
1%,
lowest
at
when
sold
obtainable
at
3%
rate
at
par
or
sold to the bidder who will
when
unqualified
price therefor,
the exclusive
right to deter¬
is the
best bidder and
highest
the
pay
the board reserving
and
mine
who
to
Apr.
1,
.
by
will
thereon
be
secured
pledge of the full faith,
and taxing power of said
a
credit
county, and an additional pledge
of said
of
county's distributive share
of two cents per gallon
tax
a
sales of
on
gasoline or other like
of petroleum accruing
products
section
under
16
of
article
IX of
Constitution of the State,
the
by
Legislature of
the State is required to continue
terms of which the
the levy of said tax for a period
of 50 years from Jan. 1, 1943, and
is
prohibited from withdrawing
proceeds thereof from the
operation of said constitutional
provision during said period. The
the
bonds will be awarded to the bid¬
the lowest
deducting the
der whose bid produces
interest
after
cost
premium offered, if any.
Interest
on the premium, if any,
will not
be considered
deductible in de¬
as
termining the net interest cost.
In determining
the net interest
cost, interest will be computed to
the maturity date from Oct.
1,
The
1944.
and
sold
will
bonds
by
Administration,
be
issued
Board
State
the
o
body corporate
a
composed of the Governor, Comp¬
troller and Treasurer,
and
created
existing under section
article
the
of
IX
the State,
byj
16 of
Constitution
of
and pursuant to the ap¬
plicable statutes of the State arid
a
resolution
duly adopted by sai
board, and will be validated by
Reference to sai
judicial decree.
constitutional
and
a
provision,
resolution
detailed
more
said bonds.
sonville,
to
are
be
statutes
had
description
for
ol
The approving opin
ion of Giles J.
bonds
may
Patterson, of Jack
the
effect that sue!:
valid and
legally bind¬
ing obligations of the State Boarc
quent,order of the court.
provision
thereof from the
said
directed^ by subse¬
unless
claim
of
period of 50 years
comprehensive hibited from withdrawing the pro¬
occupational license tax to obtain
revenues
or
%*
of
tiples
Co., of Orlando; B. J. Van
Ingen & Co., of New York; John
Nuveen & Co., of Chicago, .and
volume in any of the five years
the
Clyde C. Pierce Corp., of
for which the tabulation has been
Jacksonville, as 3y2S, at a price of
kept,
said
the
Bank's
advices
par.
Dated Aug. 1, 1943. Denom.
July 8, which added that the
$1,000.
Due Aug. 1, as„ follows:
largest single block of the lend¬
$3,000 in 1971, $5,000 in 1972,
ing, or 39.1%, was done by the;
$7,000 in 1973, $8,000 in 1974,
savings, building and loan associa¬
$26,000 in 1975, $30,000 in 1976,
tions
which thus
conspicuously $31,000 in 1977 and $150,000 in
ner, President of the Bank, said.
It was the largest first quarter
Due
Denomination $1*000.
1944.
Oct.
one-tenth or oneSale—The
$260,000 re¬ twentieth of 1%, at the lowest
issue of 1943 bonds of¬ rate obtainable when sold at par,
funding
lowed by law.
of
ing, such proofs of claim must de¬
$10,000 coupon SBA refunding,
scribe each bond and show the
series 1944, bonds.
Dated Oct. 1,
amount of
for the purchase
29
Aug.
on
No Bids Received—There were
of money which Illinois and Wis¬
home
State Board of Adminis¬
tration, reports that the Board
will receive sealed bids
at his
office in Tallahassee until 10 a.m.
retary
Angeles), Calif.
Borrowings Increased
v.
County,
Angeles
Offering—J. M. Lee, Sec¬
a
recent municipal
may
mayor
the
to
bonded
interest
employe;
Refunding Hearing Scheduled—
occupational license tax Creditors of the City are advised
will be due on July 1 rather than that a
petitiop has been filed for
Oct. 1 of each-year.
This will the approval and confirmation of
stagger the distribution of reve¬ a plan of composition under the
nue
collection
throughout
the provisions of the Municipal Bank¬
for each
since the ad valorem tax is ruptcy Act,j:ih the United States
payable Nov. 1.
District
Court
in
and
for
the
Under the new tax ordinance Southern District of Florida, Or¬
re¬
Viatured, or merged in judgment;
and series
"B" refunding bondsshall be issued in an amount equal
reject any or all bids.
The
payment of said bonds and the
such check.
CALIFORNIA
tion
such indebtedness be matured, un-
1944, will
Apr. 1, 1974 and bear in-
at 1% to and including Apr.
Board
of
for and
and,
Administration,
acting
of said
courity
on
behalf
if requested,
a
copy
of th
transcript of the proceedings in¬
volved
will
be
delivered
to
the
purchasers of said bopds, withou'
charge.
Enclose
for
of the
2%
a
certified check
par
value
of
th
Volume
-bonds
:
160
bid
State
Number 4303
for,
Board
payable
of
THE COMMERCIAL & FINANCIAL CHRONICLE
the
to
Administration.
Certified checks require doument-
the city raised the permissible in¬
terest rate to 3% from the level
Of 2y2%
Bonds
will
be
extent funds
purchased to the
available begin¬
are
originally proposed.
475
Holders of the above described
Due July 1, as follows:
$3,000
1951, $2,000 in 1952
1955, $1,000 in 1956 and
1957, $12,000 in 1958, $10,000
warrants were
required to present
them to the Board of Education,
City of Chicago, Room 356, 228
North La Salle Street, on or be¬
fore July 27, 1944, in order that
in 1945 to
ning with those tendered at the
iary stamp tax at the rate of 10
lowest price. Notice of acceptance
Sarasota County (P. O. Sarasota),
cents per $100.
Separate bank¬
of tenders will be given promptly.
Fla.
able
for
such
tax
remittances
Accepted bonds with the coupon
should
Bond Offering—J. M. Lee, Sec¬ due Jan.
accompany
each such
1, 1945 and subsequent same could be verified and in¬
check.
retary State Board of Administra¬ coupons attached are to be deliv¬ terest computed so that cash war¬
tion, reports that the Board will ered to said Union Trust Co., of rants drawn on the City Treasurer
Polli
County Special Road and
receive sealed bids at his office in St.
can be issued in payment thereof.
Petersburg, for payment.
Bridge District No. 11 (P. O.
Tallahassee, until 10 a.m. on Aug.
•/' Bartow), Fla.
Humboldt Township (P. O. Hum¬
29 for the purchase of $101,000
GEORGIA
Bond Offering—J. M. Lee, Sec¬
boldt), III.
coupon
SB A
refunding,
Series
Blakely, Ga,
Election Held—An election was
retary State Board of Administra¬ 1944 bonds.
Dated Oct. 1, 1944.
Bonds Approved—At an elec¬ held recently to vote an issue of
tion, reports that the Board will Denomination
$1,000. Due Oct. 1,
tion held recently an issue of pav¬ $60,000 road bonds.
receive sealed bids at his office
1959.
Principal and interest pay¬
in Tallahassee, until 10 a.m. on
able at the Palmer National Bank ing bonds was approved.
Madison County School District No.
"Aug. 29 for the purchase of $30,- & Trust
Co., Sarasota.
Bonds to
136 (P. O. Maryville), III.
HAWAII
000 coupon SB A refunding, Series
bear interest expressed in mul¬
Bond Sale—The Municipal Bond
"1944, bonds. Dated Oct. 1, 1944. tiples of 1/4, one-tenth or oneHonolulu (City and County),
Corp., of Alton, has purchased
'Denomination $1,000. Due Oct. 1,
Hawaii
twentieth of 1%, at lowest rate
$3,000 3V2% working cash fund
1955.
Principal and interest pay- obtainable when sold at
Bond Sale—The $200,000 semi¬
par, or at
bonds, at a price of 103.167, a
able at the Florida National Bank,
water
works
refunding basis of about 3.05%. Dated June
3% when sold to the bidder who annual
Jacksonville.
Bonds to bear in- will
(1944 issue) bonds offered for sale 1, 1944. Denomination
pay the highest price there¬
$100. Due
terest expressed in multiples of
for, the Board reserving the ex¬ on July 20—v. 160, p. 274—were Jan. 1, as follows: $200 in 1946 to
4
to
50,000
Lake County,
general refunding
or
one-twentieth
.
who
is the best bidder and to
ject
any
of
ment
all bids.
or
said
bonds
The
and
re¬
pay¬
the
in¬
terest thereon will be secured by
pledge of the full faith, credit
and taxing power of said District,
-and an additional pledge of said
a
distributive
District's
tax " of
sales
two
cents
of
a
gallon in
gasoline or other like
of petroleum accruing
of
products
under
Section
of
Constitution
the
share
per
Article
of
16
IX
the
of
State,
by the terms of which the Legis¬
lature of the State is required to
•continue the
levy of said tax for
period of 50 years from Jan. 1,
1943, and is prohibited from with¬
drawing the proceeds thereof from
the operation
of said Constitu¬
tional provision during said pe¬
a
•
riod.
i
The bonds will be awarded
on July 21,
jointly, to the
Mercantile-Commerce
Bank
&
and to
Trust
and
unqualified
right to
reject any or all bids. The
payment of said bonds and the in¬
terest thereon will be secure! by
a
pledge of the full faith, credit
and taxing power of said County,
and an additional pledge of said
County's distributive share of a
tax of two cents per gallon on
sales
of gasoline or other like
products of petroleum accruing
interest
est
cost
after
-
City,
of
Co.
the
and
of
about
Other Bids—In connection with
the report in v. 160, p. 370, show¬
received in Honolulu.
adopted by said Board, and will
be validated by judicial decree.
of Article
Reference to said Constitutional
the
Stubbs,
3tranahan,
Blair &
Co.;
and
and
F.
Harris
109.169
&
Co.,
Donald & Co
107.34
—
& Co., and
Hopwood
fray &
O.
J.
Devine
&
Piper,
and
,
Jaf-
was held at the civic
Thursday night to discuss the
possibility of acquiring the power
any
a mu¬
nicipal plant. Final action awaits
the consent of voters.
William
106.14
Bank,
Portland,
Co.—
&
106.041
the
ing
under Section
IX
of
the
16
Constitution
the
of
'
State, and pursuant to the appli¬
statutes
cable
of the State
and
a
;resolution duly adopted by said
and
-Board
will
be
validated
by
judicial decree. Reference to said
'Constitutional provision^ statutes
and resolution may be had for a
more detailed description of said
bonds.
The approving opinion of
Giles J. Patterson, of Jacksonville,
to the effect that such bonds are
valid
and
legally binding obliga¬
tions of the State Board of Ad¬
ministration, acting for and on be¬
of said District and, if re¬
half
quested, a copy of the transcript
of the proceedings involved will
be delivered to the purchasers of
said
close
En¬
bonds, without charge.
a
certified check for 2%
of
the bonds bid for, payable to the
State
Board
of
Administration.
checks
Certified
require
docu¬
provision, statutes and resolution
may be had for a more detailed
description of said bonds. The ap¬
proving opinion of Giles J. Pat¬
terson, of Jacksonville, to the ef¬
fect that such bonds are valid and
legally binding obligations of the
Board of Administration,
State
10 cents per $100.
Separate bank¬
remittances
should
pany
each such check.
St.
accom¬
Petersburg, Fla.
have
r
Bid Rejected—R. E.
Henry, Di¬
reports that the
only bid received for the purchase
Board
State
the
Certified
tion.
Stamp
Documentary
rate of
rate
such
10
require
the
Sepa¬
Tax
at
cents per $100.
bankable
tax
Administra¬
of
checks
for
remittances
should accompany
each
such check.
'•O-.-.. V •"
/
v;;-•'.'/>:
I
/ V'.: v-;
v'-
Tarpon Springs, Fla.
Bond
Tenders
Invited
—
W.
D.
Fletcher, City Clerk, reports that
the Union Trust Co., of St. Peters¬
burg, Fla., as Trustee for the City
sealed
receive
tenders
1, 1939, due Jan. 1, 1974, to the
$18,000,000 refunding Issue of
City for cancellation through its
bonds, offered for sale on
Sinking Fund, which now has ap¬
July 27—-v. 160, p. 370—submitted
proximately $15,000 for such pur¬
by B. J. Van Ingen & Co., Shields
pose.
Tenders must describe the
& Co., both of New York, Stranabonds tendered by numbers and
ban, Harris & Co., Inc., of Toledo,
John Nuveen & Co., of Chicago, denomination and must state the
of
1944
.
Florida National Group and Asso¬
price at which they are
ciates, offering 98.02, for 3s, was
No
rejected.
This was the second un-'
-successful attempt to market the
issue,
although
on
this
occasion
of
cost
tem
and
tenders in
be accepted.
be paid to
1944,
on
excess
offered.
of par
will
Accrued interest will
and including Sept. 1,
all
boiids
made
the
distribution
and
revenues
sys¬
report
a
5 ¥2%
from the revenue
municipal plant. 1
plans are not to
build a generating plant, but to
purchase the power on a whole¬
lows:
Township (P. O.
Cooks Mills), III.
Election
to
votes
an
issue
of $45,000
election held
the
in February
road mainten¬
and refunding bonds failed
issue of $20,000
ance
tion warrants:
dates
$6,000 in 1949, $20,000
in 1954 and $27,000 in 1959.
„
:_
A-0
dates
1.
Due
9,000 Palm Beach County, Fla.,
Special Road and Bridge Dis¬
trict No. 11, 6% bonds. Inter¬
est dates J-J 2.
Due July 2,
as - follows:
$1,000 in 1949,
$3,000 in 1951 and 1953 and
$2,000 in 1955.
1
Township Clerk, reports that
son,
at
Interest
Due Oct. 1, as
1, as follows: $5,000 in
1944 and $4,000 in 1945.
Bonds Defeated—Mary Richard¬
an
~
Oct.
III.
Cahey calls for payment on July
21, the following Board of Educa¬
bonds.
Interest
Sumpter Township (P. O. Toledo),
Chicago, III.
1.
"
road bonds.
School Warrants Called—Presi¬
J-J
9,000 Palm Beach County, Fla.,
5% road and bridge; bonds.
elec¬
held recently to submit
was
the
Held—An
dates
follows:
$6,000 in 1950, $3,000 in 1951,
$1,000 in 1953 and 1954.
53,000 Osceola County, Fla., Spe¬
cial Tax School District No. 4,
i
SVz % bonds.
Interest dates
M-N 1.
Due May 1, as fol¬
solely
Bond
Interest
V A-0 1.
earned by the
At present,
to
dent Board of Education J. B. Mc-
1962.
25,000 Lee County, Fla., 4% road
and bridge refunding bonds.
Interest dates J-J 1. Due July
1, 1951.
11,000 Orange County, Fla., Spe¬
cial Tax School District No. 7,
the earning possibilities under
municipal ownership.
It is planned that the cost will
tion
15,000 Palm Peach County, Fla.,
Special Road and Bridge Dis¬
trict No. 11, 6% bonds. Inter¬
•
Educational
to
Fund,
E-1342,
1943, * Nos.
dated May 3,
Building Fund, 1943, Nos. B2136 to B-2293, dated Feb. 2, 1943.
Playground Fund, 1943, Nos. P-
to carry.
INDIANA
Ben
Life
Hur
est dates J-J
(P.
Association
Crawfordsville), Ind.
Bond
27, 1943.
der, President, will receive bids
Fund, 1943, Nos. not later than Aug. 10 for the
T-339, dated Jan. 27, purchase of $1,483,762.50 various
municipal bonds, described as fol¬
to
1943.
Holders of the above described
warrants
them to
were
the
required to present
Board
of
Education,
City of Chicago, Room 356, 228
North La Salle Street, on or be¬
fore July 20, 1944, in order that
same
est
could be verified and inter¬
computed
rants drawn
can
on
that cash war¬
the City Treasurer
so
be issued in
payment thereof.
Chicago Board of Education, III.
Bonds Called
J. B. McCahey,
President
Board
of
Education,
—
called
for
payment
on
July
28,
1944 the following warrants:
fund,
1943, Nos.
E-1533, dated May 3 and
Educational
E-1343 to
June
1, 1943. v
Building fund, 1943, Nos. B-2299
to B-2645, dated Feb. 2, 1943.
Playground
fund,
1943,
Nos.
P-183 to
P-208, dated Jan. 27,
1943.
T-340
purchased. 1943.
to
$68,000 Brevard County, Fla., Spe¬
cial School District No. 4, 4%
school refunding bonds.
In¬
terest dates J-J 1.
Due July
fund, 1943, Nos.
T-388, dated Jan. 27,
$20,000 in 1953, $5,000 in 1954.
50,000 Polk County, Fla., Special
Tax School District No. 1, 4%
1, as follows: $5,000 in 1949,
$2,000 in 1950, $8,000 in 1951,
$3,000 in 1953 (optional 1952),
$10,000
in
1954, $6>000 • in
1956, $12,000 in 1957, $17,000
in 1958, $5,000 in 1959.
school
4%
bonds.
Due
Interest
dates
May 1, as fol¬
M-N
1.
lows:
$50,000 in 1957 to 1960.
18,000 Flagler County, Fla., Spe¬
cial Tax School District No. 2,
dates
follows:
$1,000 in 1945 to 1962; the
bond due in 1948 is optional
4% %
bonds.
J-J 1.
Due Jan. 1, as
Interest
133,000 Ft. Lauderdale, Fla., 4%
g e nera 1 refunding
"1942"
bonds.
Interest dates J-J 1.
bonds.
refunding
terest dates J-D 1.
In¬
Due June
as follows: $40,000 in 1956
(optional in 1954) and $10,000 /
1,
200,000 Dade County, Fla., Spe¬
cial Tax School District No. 2,
in 1947.
.
Free text book
1, 1951.
65,000 Palm Beach' County, Fla.,
Special Tax School District
No. 1, 5 ¥4% bonds.
Interest
dates J-J 1. Due July 1, as
follows: $5,000 in 1949, $10,000 in 1951, $25,000 in 1952,
■/■r-/.,■
lows:
July:!,
5,000 Palm Beach County, Fla.,
Special Road and Bridge Dis¬
trict No. 11, 5 ¥2% bonds. In¬
terest dates M-S 1. Due Sept.
Offering—William E. Ri¬
Free Text Book
T-317
Due
1.
1952.
O.
170 to P-182. dated Jan.
until
10 a.m. on Aug. 29 for the sale of
refunding 1-5% bonds, dated Jan.
been
by the
council, through Mr. Scheck, to
make a survey acquiring data on
fire equip¬
1944.
to
bonds.
ment bonds has been approved as
legality by Charles & Trauer-
1957
Due July 1, as follows: $6,000
in 1961 and $8,000 in 1962.
An
nicht, of St. Louis. Dated July 1,
1,
The franchise with that company
1943.
of
said bonds,
without charge/
Enclose a certi¬
fied check for 2% of the par value
of the bonds bid for, payable to
will
rector of Finance,
$8,400 2%%
—
J-J
expired in 1942.
Bethalto, III.
issue of
E-1193
purchasers
Com¬
North Okaw
Bond Legality Approved
•
ings involved will be delivered to
the
Securities
attended.
There
has been no negotiation as yet
with the Illinois Power Company.
t
acting for and on behalf of said
County and, if requested, a copy
of the transcript of the proceed¬
mentary Stamp Tax at the rate of
able
Scheck, representative
Channer
Chicago,
pany,
•
•
dates
•
for
sale basis.
ILLINOIS
duly
Interest
23,000 Lake County, Fla. (Mt.
Dora), Special Tax School
District No. 16, 4% refunding
(series 1939) bonds. Interest
dates J-J 1.
Due July 1, as
follows: $1,000 in 1955, $4,000
in 1956 to 1959, $5,000 in 1960
and $1,000 in 1961.
14,000 Lake County, Fla. (Leesburg),
Special
Tax School
District No. 21, 4% refunding
flant and the Illinois it into comof converting Power
dated
106.859
—
Co
National
Kaiser
in
Mathis,
hall
be paid for from issuance of rev¬
enue bonds that must be liqui¬
Blyth & Co., Dean Witter & Co.;
First
J.
Due
60,000 Lake County, Fla. (Eustis),
Special Tax School District
No. 10, 4% refunding (series
1939) bonds.
Interest dates
J-J 1. Due July 1, as follows:
$6,000 in 1954 to 1956, $7,000
Purchase
The Blooming-
on
Inc.;
Harris, Hall & Co.; R. W. Press.prich & Co.; 'Coffin & Burr;"
Weeden
System
—
1.
Due July 1, 1959.
ton "Pantagraph" of July 15 re¬
ported in part as follows:
A special meeting of the village
board called by the President, O.
the
Brit-
& Co
Co., Inc.; A. C. Allyn &
& Co., and Mc¬
the
of
statutes
resolution
a
Pierce,
Whiting,
Eldredge
State, and pursuant to
applicable
State
&
Lynch,
Beane;
tain Kennedy
and sold by the State Board of
Administration, a body corporate
composed of the Governor, Comp¬
troller and Treasurer, created by
an existing statute under Section
16 of Article IX of the Constitu¬
tion of the
&
Weeks
cost, interest will be computed to
the maturity date
from Oct. 1,
1944.
The bonds will be issued
will not be considered as de^
ductible in determining the net
•interest cost.
In determining the
met interest cost, interest will be
;
computed to the maturity date
'from Oct. 1,1944. Said bonds will
: be
issued and sold by the State
1 Board of Administration, a body
corporate composed of the Governor, Comptroller and Treasurer
'of the State, created by and exist-
Merrill
Fenner
determining the net interest cost.
determining the net interest
after de-
Price
First Boston Corp.; Lee Higginson
Corp.;
Power
Plans
Bidder—
premium offered, if any. In¬
terest on the premium, if any, will
not be considered as deductible in
Local
Bonds Proposed
J-J
follows:
as
bonds.
Morton, III.
Dated
dates
Due July
$4,000 in 1957
and $6,000 in 1959.
5,000 Lake County, Fla., Road
and Bridge District No. 10),
4%
refunding (series 1939)
1,
Kansas
0.931%.
dates
Interest dates J-J 1.
1951, and $300 in 1952 to 1957.
Legality approved by Charles &
Trauernicht, of St. Louis.
price of 107.891,
a
1945 to 1954.
In
•
Louis,
Trust
2¥2S, at
as
basis
a
St.
April
15,
1944.
Denomination
$1,000. Due $20,000 from April 15,
the
produces
any,
of
Commerce
deducting
to the bidder whose bid
ducting the premium offered, it
any.
Interest on the premium, if
Co.
ing the bids received in New York
under Section 16 of Article IX of for the above bonds, it is now
the Constitution of the State, by reported that the following bids
terms of which the Legislature of
were received in Honolulu:
the State is required to continue
Bidder—
Price
107.049
the levy of said tax for a period Dean, Witter &
105.85
of 50 years from Jan. 1, 1943, and Liberty Bank, Honolulu—,
List of Bids—The following is
is prohibited from
withdrawing
the
proceeds thereof from the a list of bids received in New
21/2%
operation of said Constitutional York for the $1,500,000
provision during said period. The Board of Water Supply revenue
bonds will be awarded to the bid¬ bonds offered for sale on July 25
No bids were
der whose bid produces the low¬ —v. 160, p. 370.
the lowest interest cost
•
awarded
determine who is the best bidder
clusive
Interest
July 1, as follows:
$2,000 in
1961 and $6,000 in 1962.
10,000 Lake County, Fla., Road
and Bridge District No. 9, 4%
refunding (series 1939) bonds.
;
one-tenth
Due July 1, as follows:
Interest
•
or
bonds.
$12,000 in 1953, $13,000 ?n
1954,
$13,000 in 1955
and
$12,000 in 1956.
8,000 Lake County, Fla., Road
and Bridge District No. 3, 4%
refunding (series 1939) bonds.
'
1%, at the lowest rate obtain¬
able when sold at par, or at 3%
when sold to the bidder who will
pay
highest price therefor the
Board reserving the exclusive and
unqualified
right to
determine
4%
(series
1939)
:
of
Fla.,
J-J 1.
'
;
t
in 1959 to 1967.
in 1958.
38,000 Putnam County, Fla., Spe¬
cial Road and Bridge District
'
No.
6, 5 ¥2%
bonds.
Due
dates J-J
1.
July 1, 1953.
St.
50,000
permanent road
Interest
Lucie
County,
Fla.,
Special
Tax
School
District No. 2, 6%
bonds.
Interest dates J-D : 1.
Due Dec. 1, as follows: $7,000
in 1945, $6,000 in 1951, $16,000
Fort
in
Pierce
1954, $13,000
$8,000 in 1961.
in 1957 and
476
17,000 Santa Rosa County, Fla..
Special Tax School District
No.
1, 5% refunding (series
A) bonds. Interest dates J-J 1
Due July 1, 1957; optional.
12,000
Seminole County, Fla.
Special Tax School District
No. 1, 51/2% bonds.
Interest
dates J-J 1. Due July 1, 1952.
25,000 Tampa, Fla., 5 permanent
improvement bonds. Interest
dates M-S 1.
Due Sept. 1,
21,000 New York City, 3*4% cor¬
porate stock, uses and purposes of the Department of
Docks and Ferries, 1902-03-04
bonds. Interest dates M-N 1.
1967.:,
in
>
City, at par, as 1Y2S. Dated June 1,
1944. Denomination $1,000. Due on
5,000 Philadelphia, Pa., 5% loan
of Oct. 1, 1920. Interest dates
J-J 1.
Due Jan. 1, 1951.
County,
45 (Villa
refunding bonds.
Interest dates J-D 1. Due Dec.
1, 1956 (optional in 1946).
School
¥4% re¬
Hidalgo
KANSAS
funding (1941) bonds. Inter¬
est dates A-O 1.
Due April
200
4%
20,000
Proviso Township, 111.,
High School District No. 209,
5% refunding bonds. Interest
■'¥'
dates
J-D
1.
Due Dec.
1,
Offering
2.
Parish, La.,
38,000 Point Coupee
-
2,5% bonds.
A-O 1.
Due
Road District No.
dates
Interest
Oct.
1'
I
•
I
1945,
1949,
1953,
1957,
1, as follows: $3,000 in
3,000 in 1947, $3,500 in
$4,000 in 1951, $4,500 in
$5,000 in 1955, $5,500 in
$6,000 in 1959 and $4,000
in 1961.
-
District No.
School
La.,
39, 4%%
1.
Interest dates J-D
bonds.
V >
Parish,
Tangipahoa
40,000
follows: $4,000
Due June 1, as
$3,000 in' 1950, $3,000
1951, $4,000 in 1952, $4,000
1953, $4,000 in 1954, $4,000
1955, $4,000 in 1956, $5,000
1957 and $5,000 in 1958.
in 1949,
in
.5
in
'
in
in
50,000 Camden, N. J., 5% munic¬
ipal building bonds. Interest
dates J-D 1.
Due June 1, as
$20,000 in
follows:
1952 and
$30,000 in 1966.
11,000s Newark, NV J., 4$% Port
Newark
Improvement5 bonds.
Interest
dates
Dec.
Due
15.
J-D
15, 1959.
14,000 Newark, N. J., 4*4% public
improvement bonds. Interest
dates J-D 15.
Due Dec. 15,
1959.
,
...
,
5,000 Newark, N. J., 5 ¥4% street
opening (A) bonds. Interest
dates F-A 1.
Due Aug.
1,
1954.
,
„
<
,
-
20,000 Newark, N. J., 5 ¥4% street
Woodbridge
Township,
J., 4V4% general refunding
(B)
bonds.
Interest
dates
J-D 1. Due Dec. 1, 1959.
25,000
N.
^ork City, 3V2%
3,000 New
cor¬
new
aqueduct
bonds.
Interest
stock,
porate
1903
Due Oct. 1, 1952.
dates A-O 1.
15,000 New York City, 3 ¥2% cor¬
porate stock, construction of
the Rapid Transit Railroad of
1902-1903 bonds. Interest dates
M-N
lows:
Nov.
Due
1.
$10,000
in
1, as fol¬
1951
and
$5,000 in 1952.
8,000 New York City, 3 ¥2% cor¬
porate stock, new East River
1903
Bridge
dates
M-N
1952.
bonds.
"
Due
1.
Interest
1,
Nov.
'"¥¥"
■
¥
2,000 New York City, 3*4% cor¬
porate stock, N. Y. Public
Library, Astor-Lenox & Til-
the election
year
additional $500,000 in
an
With the
Council
of June 20, 1944, ef¬
July 11, 1944.
200,000 sewerage bonds. Due Aug.
1 as follows: $7,000 in 1946 to
1964, and) $6,000 in 1965 to
1974. Order of City Council
generating plant and dis¬
The bonds
to be advertisied for sale
as
are
of
soon
bids for the plant are had.
Baltimore, Md.
Register,
City
sealed bids
exception of public
until
Ghing-
Chapter
will
receive
(EWT) on
noon
The
Phelps,
$2^750,000
on
will be
jobs in
equipment
construction
all
by
made-work
to
4. The time of
mined first by
care
the need of taking
the
particular construction
without reference to
necessary
unemployment.
5. The order in which the
ects
are
proj¬
be de¬
will
commenced
termined first by the need of the
and
project,
second
upon
the
readiness of the
and
fourth
sewer
serial
Aug. 15 as follows:
$400,000 in 1954 to 1956, and
$300,000 in 1957 to 1960.
IV4S, at a price of 100.net interest cost of 1.248%.
Among the other bidders were:
First Boston Corp., Estabrook &
0061,
The bonds may be
registered as to principal only.
(Average maturity of entire loan
11 ¥2-years,) Bidders are required
to
$1,000.
cost of 1.286%.
Chemical
New
be
must
rate
bonds.
multiple of
a
project.
one-eighth of 1%. Bids will be re¬
6. As to financing, preference
tion $500. Rate of interest to be in
ceived for either issue as a whole,
shall be given first, to the project
multiples of ¥4 of 1% and not
or for the entire group, and shall
that is financed by cash; second,
more
than
one
rate
shall
be
name but one rate of interest for
to the project financed by -bond is¬
named by each other. No bids for
each issue. No bid for less than
sue; third, to the project requiring
less than par and accrued inter¬
par and accrued interest to date
bond issue and election.
est.
The bonds are the direct ob¬
of settlement will be considered.
7. In the case of the project in¬
ligations of the School and Civil
Bids must name a price for each
volving a benefit district, prefer¬
Townships payable out of unlim¬
$100 with accrued interest to date
ence will be given to those proj¬
ited ad valorem taxes to be levied
of settlement.
Principal and in¬
ects covering a district in which
and collected on all of the taxable
terest payable in Baltimore.
The
90% of the taxes are paid up.
property within the Townships.
approving opinion of Wood, Hoff¬
Topeka's preliminary tabulation
The approving opinion of Ross,
& Dawson, of New
of transition and post-war public man, King
McCord, Ice & Miller, of Indian¬
works projects contains a variety York, will be furnished. Enclose a
apolis, will be furnished to the
certified check for 2% of the par
of water
supply, street, sewer,
purchaser.
No conditional bids
value of the bonds' bid • for, pay¬
drainage, recreation . and public
will be considered.
able to the Mayor and City Coun-.
building projects.
Special effort
liberty Township School Township has been directed toward those
Six-Months
Revenue
Collec¬
(P. O. Selma), Ind.:'phases of project preparation—
Bond Sale—The $60,000 build¬ total
cost, finances, plans, field tions Exceed Estimate—Revenue
ing bonds offered for sale on July work, legal preparation, right-of- collections of the City of Balti¬
25—v. 160, p. 372—were awarded
way,
total time for preparation, more rose to' $41,976,546 in the
to
the
Securities Corp., of In¬
employment, order of construc¬ first six months of the year from
dianapolis. Dated June 20, 1944. tion, and legal authority—which $33,503,311 in the corresponding
Denomination $1,000.
Due $2,000 must be handled completely and period of 1943, a rpport received
June and Dec. 30, 1945 to 1957,
expeditiously if an integrated pro¬ from Herbert Falling'budget di¬
and $2,000 June and $3,000 Dec,
rector, showed recently,1
gram is to be developed.
Collections for tlie ?six-month
30, 1958, and $3,000 June 30, 1959.
KENTUCKY
The next highest bidder was John
period represents 69!86% of the
Nuveen & Co.
Cerro Gordo County
school
building bonds offered for sale on
July 21 were awarded to the Se¬
(P. O. Mason
City), Iowa
Sale—The $65,000 voting
Bond
machine bonds offered for sale
July 24
—
v.
160,
372
p.
—
a
curity & Bond Co. of Lexington,
paying
were
Bond
to Halsey, Stuart & Co.,
%s, paying a price of 100.386,
1949.
sealed
1945
highest bidder
Bank, Mason
The next
First
National
City, for 34s, at
price of 100.19.
a
Ottumwa, Iowa
with
the
sale
of
connec¬
the
$25,250
fire equipment bonds to the
Union
Bank & Trust Co., of Ottumwa, as
Is, report of which appeared in
v. 160, p. 372, Frank Gibbons, City
Clerk, reports that the bonds were
sold
at
City
bids
par.
Shenandoah, Iowa
8
on
tice.
Investments
of
mates from
tire
months
of
collections
Bonds maturing in
~
year.
148
nues
last
to
The
city
Connecticut;]
Bonds
,
;|
■:!¥¥¥
Ser. A, 4s, 1989
Pacific Division
Sioux City and
1
First
i
Mortgage Bonds, 4s, 1969
Des Plaines Valley Division '
First Mortgage
Railroad
Bonds, 4s, 1969
Equipment Trusts
As of July 20,
1944
Chicago & North Western Ry.
Tr. of 1937, Ser.
:
(Serially) 1947
Co.j]
Z, 2*/2s|
j
•
®
Equip. Trust of 1941, l7/ss
f
(Serially) 1951
Second Equip. Trust of 1941, 2s
(Serially) 1951
i
Equip.
esti¬
$19,030,-
Trust of 1939,
(Serially) 1949
2*/2s
Equip. Trust of 1942, 2%s'
(Serially) 1952
Second Equip. Trust of 1942 2*/2S:|
(Serially) 1952
First
re¬
full
.
"
Obligations
July 19, 1944
Chicago & North Western Ry. Co.|
First & Gen. Mortgage Bonds ,;
As of
July 19, 1944
Pennsylvania Railroad Company]
Equip. Trust, Ser. O, 2*/4s
(Serially) 1959
9
f
while water reve¬
$3,321,627 from $2,-
991.362.
As of
,
1944:.|
System)
year,
rose
legal.j
1944
(Chicago and North Western
of revenue,
tax
collections de¬
creased to $803,258 from $1,579,-
approving opinion of Peck, Shaf¬
Williams, of Cincinnati, will
be furnished the purchaser with¬
out cost. A certified check for $500
considered
As of July 20,
delinquent
fer &
24 the
July
on
Railroad
Among other forms
and interest, on 30 days' no¬
Interest payable F-A.
The
Legal
Commissioner
Town of West Haven,
In the first six1943, real estate tax
amounted to
of)
of
banks in the State:
Municipal
¥
this source in the en¬
567, or 72.59% of estimated
ceipts of $26,216,049 for the
List
Added to the List of July 1,
collections ag¬
city
The
investments
of
of 1943 rep¬
$56,820,981
the
—
the
issued
Banks
for savings
1944.
year
to
following bulletin (No. 1), show-|
ing the latest additions to the list;
Equip.
tax
that
$28,688,340
and thereafter being subject
redemption on Aug. 1, 1949, or
any interest date thereafter, at
par
Additions
figured, in budget esti¬
that it would obtain for
estate
1.3017%.
of
cost
Massachusetts (State
gregated $21,821,204 in the sixmonth period, or 76.06% of the
1950
to
terest
city
Real
&
Becker
G.
resented 67.76% of the
L.
on
p.m.
Bank, New York,
Co., Harris, Hall
& Co., and Paul H. Davis & Co.,
for $1,000,000, l*/2s, and $350,000,
iy4s, at a price of 100.52, a net in¬
National City
A.
obtain in 1944
Collections for
the six-month period
Co.,
cost of 1.2884%.
that entire year.
F.
will
Clerk,
until
1973 and 1974.
Bond" Sale Details —In
tion
from tax sources.
the
price of 103.46.
Prestonburg, Ky,
Offering — Mrs.
receive
July
31
(today) for the purchase of
$25,000 3 ¥2% sewer revenue bonds.
Dated Aug. 1, 1944. Due Aug. 1, as
follows: $500 in 1946 to 1955, $1,000 in 1956 to 1972, and $1,500 in
Heinze,
basis of about 0.63%. Dated July
was
a
would
it
mated
mates,
1, 1944. Due $13,000 Nov. 1,
to
$30,000
on
awarded
as
Sale—The
Bond
IOWA
Trust
York,
000,000, 1 ¥>s, and $350,000, iy4s,
at a price of 100.648, a net interest
esti¬
city
the
which
$60,085,158
Nicholasville, Ky.
&
Bank
Kean, Taylor & Co.
Hemphill,
Noyes
&
Co.,
and
Equitable Securities Corp., for $1,-
be paid on the
interest to
The
at
in their bids the rate of
name
a
Co., and R. L. Day & Co., for $1,150,000, iy4s, and $200,000, l*/2s,
a price of 100.20, a net interest
Dated Aug. 15, 1944. Denomina¬
tion
Kingsbury & Alvis, for $1,-
350,000,
bonds. Due
deter¬
be
Co.,
&
Loeb
Newburger,
Chace, Whiteside & Warren, Inc.,
2,400,000.
of unemployment, and second
when
is
will
Co.,
in 1959.
starting any con¬
work
struction
Co., Stranahan, Harris &
Co., Inc., Robert Hawkins & Co.,
Hornblower & Weeks, Putnam &
fifth water serial bonds.
Due Aug. 15 as follows: $200,000 in 1949 to 1953, $250,000
in 1954 to 1958, and $500,000
hand-labor.
Aug. 1, 1944. Denomina¬
~¥
highest bidder was
Fenn & Co., Goldman,
Sachs &
preference
1964.
Dated
Acts of Massa-
395.
next
Aug. 2 for the purchase of $5,150,-
used
1, 1946 to 1962, and $1,000 Jan.
and
$500 July 1, 1963 and
effective
1943,
chusets, 1938.
oao coupon bonds as follows:
federal funds will not
accepted except for an extreme
emergency.
3.
Modern
school
$1,000
14,
Acts of 1933
(Huntington
Ave.
Subway
Ext.) bonds. Due Aug. 1, 1974.
Bond Offering—John J.
her,
July
Aug. 4, 1943.
150,000 subway,
MARYLAND
•
net
a
follows:
as
fective
complete
a
1.23%,
$1,000,000 public ways construc¬
tion bonds. Due $100,000 Aug.
1, 1945 to 1954. Order of City
held
be
July 1, 1946 to
1961, and $1,000 Jan. and July
1, 1962 to 1964.
20,000 Civil Township school aid
bonds. Due $500 Jan. and July
bonds. Interest
dates F-A 1. Due Aug. 1,1954.
issue
by
(B)
opening
at
100.208,
price of
a
interest cost of
con¬
roads funds,
and $500
Jan.
voted
electric
Co., and J. R. Williston &
both of New York as l*As,
paying
Scheduled—In
in
than $750,000
after the war
the second year.
Aug. 2 for the pur¬
chase of $50,000 not to exceed 4%
Due Dec. 1, 1957.
1.
first
the
in
County,
J-D
Sale
indebtedness for
by more
r
Otis &
Winnfield, La.
v
Bond
as
and
Earl Sheffer,
Proviso Township (Cook
111.),
High School interest bonds as follows:
District No. 209, 4*4% refund¬
$30,000 School Township
ing
bonds.
Interest
dates
building bonds. Due
regular price of $7.50
tribution system.
increased
'
Bond Sale—The
Co.,
construction projects shall not be
until 2 p.m. on
11,000
Boston, Mass.
will
per copy.
advertising for bids for
seven
1. The bonded
(P. O. Boston),
—
of Jan. 1,
as
statement
$1,350,000 bonds
be
furnished
free of charge to offered for sale on
July 26—v. 160,
anyone desiring a copy; however, p. 372—were awarded to Halsey,
the Supplement referred to above Stuart &
Co., Blair & Co., Inc.,
ciation, are as follows:
Ind.
Bond
debt
principles, as out¬
lined by Topeka's city engineer to
the American Public Works Asso¬
1944 Trustee, will receive sealed bids
1961; optional $8,000 in
$12,000 in 1945.
and
subdivisions,
This
1944.
bonds
The
$5,000 in 1958.
Township
its
and
nection with the $260,000 revenue
to peace.
1947.
15,000 Clifton, N. J., 4*4% school
bonds.
Interest dates A-O 1.
Due Oct. 1, as follows: $10,000
1952 and
Compilation of "Louisiana State months of 1943, the city expended
Municipal Bonds." They have 47.44% of its total appropriations
also published at this time a debt for operating purposes. ¥.
,¥;¥.
statement showing the total bond¬
MASSACHUSETTS
ed debt of the State of Louisiana
November, 1943, R. D. Cantity of municipal public works well, Town Clerk, reports that the
projects for construction during Town Engineer is making plans
the period of transition from war and specifications preparatory to
1, as follows: $5,000 in 1945,
$1,000 in 1946, $10,000 in 1947
and $9,000 in 1953.
in
49.16% of operating ap¬
propriations.
In
the
first :six
poses, or
their
to
and
Seven
—
principles will govern de¬
of
Topeka,
Kan., city
fathers in determining the prior¬
25,000 Palm Beach County, Fla.,
Special Road and Bridge Dis¬
trict No. 11, 5*4% bonds. Interest dates M-S 1. Due Sept.
Boston
Supplement
cisions
Interest dates A-O 10.
Due April 10,
1944
basic
bonds. Interest M-N 10.
Nov. 10, 1944; optional. '
Due
Construction
Post-War
us
their
sells at the
Topeka, Kan.
Seven Basic Principles To Guide
1, 1971.
Mercedes, Texas, Independent
School District 2% refunding
(B)
District No.
Park),
-
1, as follows: $5,000 in 1944,
and $10,000 in 1945 and 1946.
No
other bid was received.
Dec.
Texas,
Road District No. 2, 4
30,000
111.,
County,
Page
Du
10,000
Security National Bank of Sioux
follows: $3,000
1952 and $18,000 in 1953.
bonds.
(Smyra),
4% refunding bonds. Interest
dates J-J 1.
Due July 1, as
follows: $8,000 in 1957, $9,000
in 1958 and $3,000 in 1959.
School District No. 8
1
purchased by the
2274—were
p.
Due Nov. 1, as
Fla.,
County,
Volusia
20,000
1
offered for sale on
and 1954,
2,062.50 Trinity County, Texas,
$50,000 in
3% road refunding "4-1937"
$30,000
in 1953
$2,000 in 1966 and
The $25,000
—
bridge
certificates
July 20—v. 160,
semi-annual
;
1955.
112,000
Volusia - County, Fla.,
Special Tax School District
No. 6, 4% refunding (series
1939) bonds.
Interest dates
J-J 1. Due July 1, as follows:
Sale
that they have just issued
forms
Sioux City, Iowa-
*
-
Certificate
¥
MICHIGAN
in the six-month pe¬
School Districtj
riod spent $31,348,083 for all pur¬
$54,000 airport
No. 5 (P. O. 2270 Judd Road,
on July 26
poses, or 52.17% of total 1944 ap¬
LOUISIANA
Flint 7), Mich.
Nov. 1, 1952.
—v. 160, p. 274—were awarded to
propriations. Of the expenditures,
Bend Tenders Invited—Nels E.J
8,000 New York City, 3 ¥2% cor¬ Halsey, Stuart & Co., as 1¥4S,
Louisiana (State of)
$9,033,575 was for debt service
Aagesen, District Treasurer, Willi
porate
stock,
repaving
of paying a price of 100.808.
Supplement Issued to Bond and pension fund.
The
! :
receive sealed tenders until noon!
\
streets, 1904, bonds. Interest next highest bidder was: Paine, Compilation—The A. M. Smith In¬
Deducting this amount, the bal¬
!
dates M-N 1.
Due Nov. 1, Webber,:,
Co.,
409
Carondelet ance of $22,314,508 represents the (EWT) on July 29 of School Dis-J
Jackspn & Curtis for vestment
1
1953.
total expended''for operating pur- trict No. 5 bonds.
lViS, at a price of 100.01.
Building, New Orleans 12, La., inden
Foundation
Interest
dates
i
bonds.
1903
M-N
1.
Due
Bond
Sale—The
accompany
Burton
bid.
Township
bonds offered for sale
1v
.
must
¥¥'•.
''
f!
V
*'
U fi
.v<
.
V
'
.
'i
,
i
'
t
i
1
t
;t i
I
t
'
,
j
,
r.'f.'ci;
c
ojvu
¥¥j ..>¥;.'<¥.v
[
-
¥0
;
,...
/
•
>
.
-
h
•':'
>
;
¥V :;¥
-
¥.
1
•
477
,(i
Michigan (State of)
.
Amount of taxes involved from
Pontiac, Mich.
'
Bond
Two Cities To Own and Operate
Call—Oscar Eckman, Di¬
rector of
the start of the action in
:
140,000
1933 to
Finance, reports that re¬
$156,000, according to
Airport—Benton Harbor and
Joseph, Mich., which recently funding bonds, Series B, are being Ramsey County Attorney James F.
called for payment on Sept. 1, at Lynch and
Andrew R. Bratter,
acted to provide one sewage dis¬
par
and accrued
interest,
said Assistant County Attorney, who
posal plant to serve both cities,
bonds being selected for redemp¬ argued the case in the high court.
now
have voted to cooperate in
tion by lot, by the National Bank
Pure Oil Co., with headquarters
the joint ownership and operation
of Detroit. Dated March 1, 1934. in Chicago, was the only one of
of an airport.
\'777 ; 7 \7;77 ;\y
Denom. $1,000. Due March 1, 1964, the nine firms which used the
City commissions of the two cit¬
callable on any interest payment facilities of the pipe line company
ies adopted ordinances
for the
date. Bonds should be delivered to which voluntarily paid its taxes.
joint ownership and operation of
the above bank, for payment on The
eight defendant companies
Ross Field and have approved the
Sept. 1, 1944, Interest ceases on were: Continental Oil Co., Midappointment of a Twin City air¬
date called.
Continent Petroleum Corp., Phil¬
port
board composed
of four
lips Petroleum Co., Skelly Oil Co.,
members from each city, accord¬
MINNESOTA
Texas Co., Cities Service, Sinclair
ing to the American Municipal
Elk River, Minn.
Refining Co. and Bareco Oil Co.
Association,
"
Bonds
Unsold—In
connection
The
majority
opinion,
from
•i.Officials of the two cities be¬ with the $70,000 light plant bonds which two
justices dissented, was
lieve the new joint project will voted
at
the
election
held
in
written by Justice Harry H. Peter¬
result in major developments in April, H. A. Briggs, Village Clerk,
son, who emphasized: "Experience
the post-war period which will reports that no bonds have been
has shown that about 75% of the
serve
both
communities. Fore¬ issued as yet.
gasoline is delivered to points in
most among future plans is the
Ely, Minn.
Minnesota, and 25% to points in
development of the lake front.
Certificate
Offering — A.
O. North Dakota, South Dakota and
One
1944 is
4%
registered general
improvement* bonds.
Dated
Apr, 1, 1931 and due Apr. 1,
as
follows: $26,000 in
1957,
$27,000 in 1958, $28,000 in
1959, $29,000 in 1960, and $30,000 in 1961.
Registered No.
7
now
St.
,
Much of the money spent on the Knutson, City Clerk, will receive
airport has come from manufac¬ sealed bids until 7:30 p.m. on
turers and other business inter¬ Aug. 1 for the purchase of $111,in
ests
made
the
Benton Harbor
area,
investment
initial
an
of
certificates
775
Dated
indebtedness.
of
of the time of
as
issuance
7:7
maturing
on
or
before Dec.
will make
31, 1944. Denom. $25 or any mul¬
$16,000, the amount being tiple thereof, and to be issued
proportioned
according
to
the from t^tie to time within the
assessed valuation of the two cit¬ aggregate amount, as the needs
ies.
Payable at the City
Grading work
is now in require.
ment of
for the
progress
construction of
The state aeronautical commis¬
sion recently advanced $15,000 for
needed improvements at the field,
certifi¬
The
funds, according to city officials.
accrued
and
par
Bid¬
interest.
ders to name the rate of interest.
Minnesota (State of)
Debts
Reduced — The
Local
cities
expect to ob¬
tain additional state and federal
two
office.
cates cannot be sold for less than
longer runways.
and the
Treasurer's
State's various governmental units
have reduced their total indebted¬
by plane to
of the country, the asso¬
ciation said.
•
i
•*
u
,,
•
-H
't
i
t
'
From
the
of
Secretary Board of Education, will
receive sealed bids until 7:30 p.m.
Aug. 2 for the purchase of
$46,000 not to exceed 3^% inter¬
on
est coupon
Dated
building, bonds.
July 1, 1944. Denominations $1,000 and $500.
Due July 1, as fol¬
lows:
in
$8,500
1945
and
1946,
$9,500 in 1947 and 1948, and $10,000 in 1949.
Rate of interest to
in
multiples of % of 1%.
Principal and interest payable at
the Bank of Stephenson, Stephen¬
son.
The bonds will be awarded
be
a
Offering
—
receive
City
sealed
bids for the sale of all
none
or
Prentiss
and
to the bidder whose bid
produces
the lowest interest cost to the dis¬
trict after deducting the premium
bonds
•
Total
units
debts
for
31, 1938, and 1943,
Dec.
on
various
the
respectively, were:
State—$128,208,072
it
is
that
understood
Aug.
2, 1944, to the respective maturity
No
dates.
proposal for less than
consid¬
all of
the bonds will be
ered.
The School District is au¬
thorized
and
required by law to
the taxable prop^
erty therein such ad valorem taxes
as
may be necessary to pay the
bonds and interest thereon, within
the limitation prescribed by sec¬
levy
upon
tion 21,
all
article X, of the Michigan
and
the
Michigan
Constitution
Property Tax Limitation Act. The
electors authorized an increase in
the tax rate limitation to 3.5%
assessed
the
years
at
an
1944.
valuation
for
of
the
1944 to 1948, both inclusive,
election held on May 31,
Bids shall be conditioned
the unqualified opinion of
George Barstow, of Menominee,
approving the
legality of
the
bonds.
The cost of such opinion
upon
paid by the School Dis¬
trict.
The purchaser shall pay the
cost of printing the bonds.
En¬
close a certified check for 2% of
shall be
the par
value of the
bonds,
pay¬
able to the District Treasurer.
Ontonagon, Mich.
Bond
Sale
Postponed—Dorothy
Village Clerk, reports
that the sale of $20,000 not to ex¬
ceed
4%
hospital
construction
bonds—v. 160, p. 372—was post¬
G. Aubrey.
poned to
a
later date.
"Property oi
city, but purchaser must pay cost
of delivery.
The $481,000 bonds
are described as follows:
Of more than
only 190 have
debt.
Thirty-three
townships.
1,900 townships,
any
bonded
cities and villages
with
a
Cook, Crow Wing, Dodge,
Goodhue,
Lake,
Lake
of
the
Woods, McLeod, Mahnomen, Mor¬
rison, Mower, Olmsted, Otter Tail,
Rice, Rock, Roseau, Sibley, Stev¬
ens, Traverse, Wadena, Washing¬
as
State
1943
decrease
and
was
its
of
debt
of
and
State Su¬
Court ruled July 14 that
eight of nine companies which
store
gasoline in tanks of the
Great Lakes Pipe Co., near New
Brighton, must pay personal prop¬
erty taxes for the years 1933 to
vious
decision
ruling
by
District Court.
reversed
Ramsey
coupon
Nov.
Nov.
1,
1,
1949.
11098,
11097,
1919
Nos.
11117,
11126.
pre¬
County
amount
of
Tuesday, Aug.
on
$43,527,000.
the
issuance
bonds
of
be
to
1, to authorize
these
sold
to
necessary
investors
Nolte, who has been City Comp¬
reports
.•
semi-annual
v
Bond
lumbus,
2%
1, 1945.
Sept.
.
Nos. 33138 to
33144.
4V2%
works
registered water
bonds.
and
due
Dated Nov.
Nov.
1,
1,
1949.
Registered No. 900.
25,000
registered airport
4%
bonds.
Dated Jan. 1, 1928 and
1, as follows: $6,000
1945, $6,000 in 1946, $6,000
in
1947, and $7,000 in 1948.
Registered No. 87, 88, 89, 90.
in
61,000 4% registered water works
bonds..Dated Apr. 1, 1928 and
due Apr. 1, as follows: $3,000
in
1945 and
1946, $4,000 in
1947 to
1952, $5,000 in 1953 to
1957, and $6,000 in 1958. Reg■
istered No. 108 to 121.
71,000 4% registered water works
bonds. Dated Apr. 1,1931 and
due Apr.
1, as follows: $3,000
in 1952
in 1945 to 1951, $5,000
to
Dated June
1,
1944. Due $500 June 1, 1946 to
1965.
Legality
approved
by
Charles
&
Trauernicht,' of St.
1961.
to 171.
Registered Nos. 155
announces
present term, his c
seventh, and the city faces the
acute problem of finding a suc¬
with
cessor
the
County School Districts
Sale—The
Mor¬
of
Bank
issue of
proved
Approved
—
An
$26,000 3% refunding and
bonds has
been ap¬
to legality by Charles
as
recently an issue
Trauernicht, of St. Louis. Dated
V2% Morton Separate July 1, 1944.
&
purchased
of $10,000 2
resemblance to
Senath, Mo.
Legality
water works
(P. O. Forrest), Miss.
Bond
ton
some
original Nolte.
Bond
Scott
that he will retire at
the
of
end
the
Louis.
School District bonds. Dated June
1, 1944. Denomination $1,000. Due
$1,000 from June 1, 1945 to 1954.
Interest payable J-D.
MONTANA
Blaine
County School District No.
12 (P. O. Harlem), Mont.
Bonds Voted—At a special elec¬
Bond Sale Details—In connec¬
tion with the sale of the $9,000 4% tion on July 15 the voters ap¬
Clifton Consolidated School Dis¬ proved an issue of $15,000 school
trict bonds to the above bank, re¬ building improvement bonds.
port of which appeared in v. 158,
:
NEBRASKA
reported that the
Aug. 1, Clay County School District No. 2
1944
to
(P. O. Sutton), Neb.
1961, callable after 10
Bonds Voted
At the election
years. Interest payable F-A.
p.
2201, it is
bonds
now
mature
$500 from
—
held recently the $8,000 vocational
MISSOURI
agricultural building bonds were
Maryland Heights School Dist., Mo.
Bond Sale—R. B.
Lewis, Super¬
that
voted.
Consumers
the $16,000
have
been
3V4% refunding bonds
sold. Dated Jan. 15,
Public
Power
District
(P. O. Columbus), Neb.
Bond Offering—V, M. Johnson,
intendent of Schools, reports
General
Manager, will sell at pub¬
at 10 a.m. (CWT) on
auction
1943.
lic
Louis.
Aug. 1, $1,400,000 North Platte Di¬
vision refunding revenue bonds.
(The sale was originally sched¬
Legality approved by
Charles
&
Trauernicht,
of St.
St.
Joseph, Mo.
$127,000
uled to be held
Sale—The
Bond
re¬
funding bonds offered for sale on
July
27—v.
160, p.
372—were
awarded
to
the
First National
of
Bank
Chicago
IV4S, paying
as
basis of
1944.
Denom. $1,000.
Due Sept. 1, as
follows: $8,000 in 1949 to 1963,
and $7,000 in 1964.
Other bidders
price
a
Dated
as
were
100.836,
of
1.19%.
—
Bros.
Harris
Bank,
100.449
VA
Kansas City
Co.,
100.556
VA%
&
Paine. Webber, Jackson &
Stern
Price
Int. Rate
Bank
National
Trust
1,
follows:
Stuart & Co
Halsey,
City
a
Sept.
•
L
.
v
VA
&
Trust
&
100.442
VA
100.209
VA
Co._
100.098
Savings
Chicago
St.
33151.
1919
purchased $10,000
have
school bonds.
Curtis
7,000 41/4% coupon airport bonds.
Dated Sept. 1, 1926 and due
Sept. 1, 1945.
Nos. 33145 to
57,000
he
Sale—Cady & Co., of Co¬
Bidder:
7,000 4V4% coupon airport bonds,
Dated Sept. 1, 1926 and due
preme
The
on
Dated
due
11086,
1
report
Minn.
1940.
six-
paid
bond
A
Nov.
bonds.
the
Ramsey County (P. O. Saint Paul),
Tax Case—The
full
interest will be
due Jan.
shows.
Wins
1947.
1*, 1947.
13,000 4V2% coupon water works
subdivisions during
$30,474,885, the
due
indicated
dated
ton, Wilkin and Winona.
Total
8756-8855.
months'
popula¬
sago,
and
Nos.
than
1,000 reported
no debt.
Of 7,700 school districts,
only 916 now have bonded debt.
The 25 counties reporting no
debt were: Beltrami. Carver, Chi¬
tion of more
Oct. -31,
1917
school
any
coupon
water
bonds.
Dated Nov. 1,
works
districts—$54,834,188
and $40,398,800.
Twenty-five counties had no in¬
debtedness on Dec. 31, 1943.
Six¬
teen counties reported no debt in
and
County (P. O. Booneville),
Clerk,
cery
2%
4]/2 %
$100,000
In determining 781
the net
cost, interest on
$20,821.340;Ej.cities and villages—
premium will not be considered
$112,069,586 and $93,998,lo4; town¬
as
deductible
and
interest
on
ships—$3,087,183 and $2,601,711,
any.
interest
bonds will be computed from
197-201:
Nos.
the City of St.
and
$81,239; counties—$39,101,002 and
offered, if
the
Voters of St. Louis will be asked,
H Miss. 7.77777''V\777Ey troller for seven consecutive fourNote Sale—E. W. Massey, Chan¬ years, to refrain from seeking re¬
the bonds.
Paul, transferable
the biggest percentage of gains, only on endorsement of the Sink¬
Commissioner Spaeth said.
Debt ing Fund Committee." Legal opin¬
of; Minnesota counties, including ions of Wood, Hoffman, King &
outstanding
warrants,
dropped Dawson of New York City will
be furnished along with the bonds.
$18,289,662, or 47%, from Dec. 31,
Proposals must be accompanied
1938, to Dec. 31, 1943.
In the same period, debt of mu¬ by a certified check for 2% of the
bonds bid for, payable to order of
nicipalities-dropped $18,071,443,
the city. The full faith and credit
or 16%; the decrease in townships
of the city are irrevocably pledged
was $485,472, or 12%; school dis¬
tricts,
$4,434,384,
or
9%, and to pay principal and, interest.
State debt declined $46,426,838, or Bonds will be furnished by the
36%.
Oliver N.
marketing the remain¬ throughout the country.
ing $145,000 airport bonds of the
Comptroller Nolte To Resign—
$175,000 issue voted in Septem¬ The St. Louis "Post
Dispatch" of
ber, 1942, of which $30,000 has July 17, noted
editorially in part
been sold.
7'/■
:)7 as follows the decision of Louis
of
1938, the report
1943.
by the issuance of city bonds
toward
en
J.
Comptroller, will
tjids until 10 a.m.
(CWT) on Aug. 8 for the purchase
of $481,000 city bonds.
The Sink¬
ing Fund Committee will at said
time meet to open and consider
Mitchell,
form
County governments have made
—
Miss.
Joseph
total of $337,310,051
of
Unsold
St. Paul, Minn.
Bond
j
Offering—George Schenck,
Bond
end
existing city funds and
anticipated revenues.
.
at registered bonds cannot be ex¬
dis¬ changed for coupon instruments.
1
-i
"
<>'
/. •*.
'*i:closes, indebtedness of State and Stamps, which read as follows,
units
had
been
whittled appear on the back of all of the
Nadeau Township School District local
bonds and registered
down to $239,001,243 by the end coupon
(P. O. Nadeau),Mich.
all parts
one-
able from
in
Stewart, Deputy City Clerk, re¬
ports that no action has been tak¬
Sealed bids will be received
Commissioner.
citizens,
' •; \:V
that $15,000 election;.;- 7'7
"One of the solid rocks in the
bridge repair
notes
have
been purchased by granite foundation of the city's
Cady & Co., of Columbus, at a credit for the last 27 years has
Wisconsin."
Comptroller
Louis 1 Nolte.
price of 100.366, a basis of about been
"There is no room for a finding
1.82%. Dated May 15, 1944. Due Those years included eras of boom
that the property was in actual on
May 15, as follows: $4,000 in and bust, slow recovery and war¬
transit," Justice Peterson stated.
1945, $5,000 in 1946, and $6,000 in time prosperity, "but Mr.1 Nolte
County and State legal repre¬ 1947.
Legality
approved
by never permitted the surrounding
sentatives
had
contended
the Charles
&
Trauernicht, of St. atmosphere; whether of despair or
property is taxable because it is Louis.
enthusiasm, to move him from his
no longer in interstate commerce.
policy of maintaining the financial
Quincy Consolidated School Dist.,
integrity of St. Louis. Now, at 73,
by
ness by more than $97,000,000, or
cooperation between the
Joseph J. Mitchell, City Comp¬
two cities resulted from action by 29%, from the peak reached in
1938.
According to a 10-year troller, until 10 a.m. ,(CWT) on
business leaders and city officials
Aug. 8.
The offering includes
who. believe the day is near when survey made public July 19 by
G.
Howard Spaeth, State Tax bonds in coupon and registered
fruit and vegetables grown in the
will be shipped
Still
civic-minded
$63,370,000. Almost
The remainder must be provid¬
Natchez, Miss.
Bonds
400
^
third of this amount will be avail¬
ed
MISSISSIPPI
Closer
area
than
will cost
197 to 201.
■
$27,000 in the airport. St. Joseph
an
immediate invest¬
and
planning under the supervision of
a nonpartisan committee of more
Louis, Mo.
Bond Issue Vote Scheduled At
August Primary
—
The St. Louis
"Observer" of July 12 reported
p.
on
July 26—v. 160,
373)
;
The bonds will be dated
1944.
Denomination
Aug. 1,
$1,000.
Due
$46,000 Feb. and $47,000 Aug. 1,
1945, $48,000 Feb. and Aug. 1,1946,
$48,000 Feb. and $49,000 Aug. 1,
1947, $49,000 Feb. and Aug. 1,1948,
$50,000 Feb.
and $51,000 Aug: 1,
1949, $51,000 Feb. and Aug. 1,
1950, $52,000 Feb. and Aug. 1,
1951, $53,000 Feb. and Aug. 1,1952,
$54,000 Feb. and Aug. 1, 1953,
$55,000 Feb. and Aug. 1, 1954,
$56,000 Feb. and Aug. .1, 1955,
$57,000 Feb. and $58,000 Aug. 1,
1956, $58,000 Feb. and $59,000 Aug.
1, 1957, and $41,000 Feb. 1, 1958.
All
of
said
bonds
deemable prior to
will
be
re¬
maturity at the
option of the District in whole at
any time and in part on any in¬
terest payment date at the re¬
demption prices with respect to
in
the
large
If re¬
amount of bond proposals to be each such bond as follows:
put before the electorate at the deemed on or before Feb. 1, 1953,
at 103.50. If redeemed thereafter
primary election on Aug. 1:
Two fundamental principles un¬ and on or before Feb. 1, 1954, at
derlying the development of St. 102.50. It redeemed thereafter and
Louis' program for post-war con¬ on or before Feb. 1,1955, at 101.50.
struction of public improvements If redeemed thereafter and on or
before Feb. 1, 1956, at 100.50.
are the preparation of a backlog
If
of urgently needed civic projects redeemed thereafter and on or be¬
which can be put under contract fore maturity, at par, except that
immediately after the war and at such bonds maturing Aug. 1, 1956
the same time relieve a probable to Feb. 1, 1958, inclusive, as shall
unemployment situation by pro¬ not have been redeemed pursuant
viding jobs for thousands of de¬ to the foregoing provisions prior a
mobilized service men and dis¬ to the respective dates set forth
below may be redeemed on and
charged industrial war workers.
It is estimated that this pro¬ after said dates, at the option of
the District, upon payment of the
gram, which has already reached
part
an
as
follows
advanced
on
stage
of
detailed
par
value
thereof
and
accrued
•
THE COMMERCIAL & FINANCIAL CHRONICLE
interest to the date fixed for re¬
at
result that the City has from time
to time had to advance moneys to
Julius A.
demption after which respective
Rippel, Inc., of Newark,
price of 142.01, as follows:
Monday, July 31, 1944
will
Tenders
NEW YORK
received
be
and
opened at 7:30 on Aug. 16.
All
Huntington Union Fret School Dist. tenders must be considered
firm
$200,000 Essex Co., Park (Fully provide for the operation of the
No. 4 (P. O. Northport), N. Y.
school system for the full school
for five days following date of
registered),
bonds. In¬
Bond Sale—The $40,000 build¬
This was corrected by the
opening unless specified in thd
terest
J-J.
Dated July 15, year.
certification by the City Board of ing bonds offered for sale on July tender.
1930.
Denomination
$1,000.
Education and the authorization 25—v. 160, p. 374—were awarded
Due $20,000 July 15, 1956 to
Charlotte, N. C.
to Francis I. duPont & Co., of New
1965.
Bond Issuance Contemplated—^
Opinion of Thomson, by the City authorities of an
York, as Is, paying a price of
Wood
&
Hoffman, of New emergency appropriation as at the
City Manager R. W. Flack an¬
close of the present school year, 100.197, a basis of about 0.95%. nounced
York.
on
July 19 that soon
Dated July 1, 1945.
Denomina¬
namely June 30, 1944.
The City
bonds in the amount of $25,000
272,000 Essex Co., Park (Cou¬
tion $1,000.
Due $5,000 July 1,
has decided to fund this emer¬
will be issued to finance the pur?
pon), 41/4% bonds.
Interest
1945 to 1952.
Other bidders were
J-J. Dated July 15,1930. De¬ gency by the issuance of refund¬
chase of a new municipal ceme-<
as follows:
nomination $1,000. Due July ing bonds of 1944, said bonds to be
tery site.
'
j
Bidder—
; :
', " Int. Rate
Price
sold at public sale, maturities to
15, as follows: $20,000 in 1966
Halsey, Stuart & Co
-V/o
100;105
Lenoir, N. C.
h
^ '
be 1947 to 1952 inclusive. The es¬ Central National
to 1978, and $12,000 in 1979.
Bank,
Bonds Approved by Bond At¬
Mineola
1
100.00
Opinion of Thomson, Wood & timated coupon on the refunding
dates the. premiums hereinabove
provided to be paid upon the re¬
demption of such bonds shall no
longer be due upon redemption
thereof, whether said bonds are
called in whole or in part, to wit:
Bonds maturing Feb. 1, 1958, may
be redeemed at par on and after
Aug. 1,1945; bonds maturing Aug.
1, 1957, may be redeemed at par
on and after Aug. 1, 1946; bonds
maturing Feb. I, 1957, may be re¬
deemed at par on and after Aug.
a
,
_
maturing Aug.
be redeemed at par
Aug. 1, 1948. In the
1, 1947, and bonds
1, 1956, may
and after
on
the
of
redemption at any
of part only of the bonds
event
time
same
shall be called in the inverse
order
maturities
of
in
and
the
event that less than an entire ma¬
turity is called at any time the
bonds of such maturity to be
called for redemption shall be se¬
lected by lot. Bonds Nos. 1 to 700
will bear interest at 1%%, and
bonds Nos. 701 to 1400, will bear
interest at 2%.
The maximum
of interest specified
bid shall not exceed 2%
and shall be in multiples of Vsth
of 1%. The bonds will be awarded
average rate
in
any
the highest responsible
bidder
offering such rate or rates of interest as will produce the lowest
to
...
.
cost
interest
to the District over
bonds is not to exceed 2% and the
Hoffman, of New York.
64,000 Essex Co., Park (Fully
registered), 4Vz% bonds. In¬
terest F-A. Dated Feb. 1,1920.
maturities
$1,000.
Due
as follows: $4,000 in
to
fit
retire¬
of debt
orderly manner.
discussion the following
an
After
Denomination
schedule
the
into
ment in
scheduled
are
resolution
L.
H.
Allen
Newburger,
&
Co.___.____
Geo. B. Gibbons &
R.
D.
White
&
1.10
& Co
Loeb
1.10
Co., Inc.
Co
Marine
Trust
Bacon,
Stevenson
ing the premium offered or add¬
ing the discount, if any, and im¬
mediately upon the acceptance of
such
duced
bid, the same shall be re¬
in writing in substantial
accordance with forms to be pro¬
100.11
100.289
1.20
Co.,
Buffalo
&
100.131
1.20
Co
100.095
1.40
100.147
-
torneys
—
In connection with the
$75,000 airport bonds yoted at the
election held in January, C. E.
Rabb, City Clerk, reports that the
bonds
have
been
approved by
bond
attorneys
and the Local
New York, N. Y.
prepared by Com¬
Government Commission at Ra?
Hoffman, seconded by
Revenue Bills Sold—City Comp¬
leigh. The issue has not been of4
Commissioner
Ehmling and on troller Joseph D. McGoldrick sold
fered for sale as yet.
h"
roll call adopted by the following on
July 27 an issue of $25,000,000
of New York.
vote:
North Carolina (State of)
revenue bills, dated July
27, 1944,
Revenue Largest in History—r
Aye—Darby
140,000 Essex Co., Park (Fully
due Oct. 5, 1944, at an interest
Schenk
Carolina revenue
collec¬
rate of 0.50%, payable at matur¬ North
registered), 4y*% bonds. In¬
Hoffman
terest J-D.
Dated
Dec.
1,
ity.
The bills were alloted as tions for the fiscal year ending
1925.
Denomination
June 30, 1944, amounted to $111,—
Ehmling
$1,000.
follows:
Noe—None
Due $7,000 Dec. 1,
1956 to
Purchaser—
251,858.04, the greatest in the his¬
Amount
1975.
The National City Bank of New
Opinion of Thomson,
tory of the State, reports Com¬
RESOLVED that having regard
York
Wood & Hoffman, of New
$3,875,000 missioner of Revenue Edwin Gill*
to the probable capacity of the Guaranty Trust Company of
York.
The
general fund collections
New York
3,200,000
municipality to pay at their ma¬
Bankers Trust Company—
4,000 Essex Co., Park (Fully reg¬
1,725,000 exceeded the 1943 General Assem-'
turity the bonds mentioned there¬ Manufacturers Trust
Company
1,625,000 bly's estimation on«1943-44 col¬
istered), 4%%' bonds. Interest in and all other indebtedness now
Central Hanover Bank & Trust
'
J-D. Dated June 1, 1917. De¬
lections by $24,000,000 and as a
Co.
1.550,000
outstanding, and taking into con¬
nomination $1,000. Due $2,000
result it is estimated that North
Chemical Bank & Trust Co
1,225,000
sideration
the assesed value of
First
National
Bank
of
June 1, 1958 and 1959. Opin¬
The
Carolina State general fund sur¬
the taxable property in the muni¬
City of New York.
1,050,000
ion
of
Thomson, Wood &
plus will approach $60,000,000. In
1,050,000
cipality and having regard to the Irving Trust Company
June of 1943, the State general;
Hoffman, of New York.
Bank of The Manhattan Co
1,000,000
equitable distribution of the bur¬
J. P. Morgan & Co., Incorporated
27,000 Newark, Dock (Coupon),
750,000 fund surplus was $39,370,633 and a
den of interest and debt redemp¬ The New York Trust
Company.
725,000
4V2%
bonds.
Interest J-D.
total of $25,000,000 will be added
tion charges in connection with Corn Exchange Bank & Trust
Dated Dec. 15, 1914. Denomi¬
when the general fund surplus for
Company
625,000
such bonds and other indebted¬
nation $1,000.
Bank of New York
1943-44 is announced.
Due Dec. 15,
350,000
ness
of the municipality hereto¬
The Public
National Bank &
1959.
Opinion of Hawkins,
Commissioner Gill reports that
fore
or
which may necessarily
Trust Co.
350,000
Delafield
&
Longfellow, of hereafter be
1943-44 collections for the general
incurred, the pro¬ The Marine Midland Trust
New York.
Company of New York__
250,000 revenue
fund
totaled
$78,182,?
posed plan of the City of Pater¬ Commercial National Bank &
23,000
Newark,
Dock
(Fully
563.16, while collections for the
son, filed in the records of the
Trust Co.
225,000
registered), 4y2% bonds. In¬
fund totaled $33,069,Commission
marked
200,000 highway
"City
of Brooklyn Trust Company
terest J-D.
' Dated June 1,
United States Trust Company
294.88.
These
collections
ex¬
Paterson,
Submitted
Document
of New York_!
by
1915.
Denomination
150,000 ceeded the 1942-43 collections
$1,000.
by>
No. 381" and considered at this Continental Bank & Trust Co.
125,000
Due June 1, 1960. Opinion of
Ten years
100,000 $7,808,069.70, or 7.55%;
meeting, be and the same hereby Empire Trust Company
Hawkins, Delafield & LongFifth Avenue Bank of New York
100,000 ago the 1933-34 general fund col¬
is approved and consented to by
' fellow, of New York.
Fulton Trust Company of New
lections
totaled
$24,056,004 and
the Funding Commission and the
York
50,000
24,000 Bloomfield, School (Fully
the highway fund collections to¬
secretary be and he hereby is au¬ Title Guarantee & Trust Co.__
50,000
registered), 4% bonds. Inter¬
The Chase National Bank of
taled $31,499,621.
During 1939-40
thorized and directed to evidence
est F-A.
Dated Aug. 1, 1910.
t
The City of New York
4,575,000 general
fund
collections
were
such consent in the manner there¬
Denomination
Kings County Trust Company,
$1,000.
Due
$40,698,042 and highway fund col¬
unto provided.
Brooklyn, N. Y—
75,000
$8,000 Aug. 1, 1956 to 1958.
lections were $37,213,369. •"
^
AND
BE IT FURTHER RE¬
Opinion of Joseph L. Munn,
Tonawanda, N. Y.
Rules on Local Utility Sales-—
former County Counsel.
SOLVED, that the Secretary to
Feb.
1,
1956
to
was
missioner
1968,
and $6,000 in
1969 and 1970.
Opinion of
Thomson, Wood & Hoffman,
:
______
the life of the bonds, after deduct¬
100.11
>
1.20
___
_______
vided by the District.
No pro¬
posal for less than the par value of
bonds
the
and
interest
accrued
thereon, or for less than the ag¬
gregate principal amount of the
sold will be consid¬
bonds to be
ered
interim
An
receipt
ex¬
definitive bonds,
or definitive bonds at the option
of the District, will be delivered
at Lincoln, on Aug. 8. Payment for
changeable
for
the bonds is to be made
ery
deliv¬
on
in available funds in Colum¬
bus. Definitive bonds will be
ex¬
changed for interim receipts with¬
out cost to the successful bidder.
District
The
will
furnish
at
or
prior to the delivery of the in¬
terim
receipts, the opinion of
Wood, Hoffman, King & Dawson,
of
Nevj York, approving the legal¬
ity of the bonds and the interim
receipt, A certified check for 2%
of the face amount of the bonds
for which bid is
made, payable to
the District Treasurer is required.
.
_
,
~
Other bidders
Nebraska
ment
willing
to
accept
East Omaha Drainage District (P.
O. Omaha), Neb.
.
Bond
Sale
Details—In
connec¬
tion with the report in v. 159, p.
1085,
of
that
syndicate composed
Kirkpatrick-Pettis
Co.,
the
a
Wachob-Bender
Corp., National
Omaha, Robert E. Schweser
Co., and John M. Douglas, all of
Omaha, had contracted to pur¬
chase $370,000 2% drainage bonds,
Co. of
it is
of
now
reported that the amount
bonds
issued
was
$254,500,
dated June 1, 1944, and^ maturing
June 1, as follows: $23,500 in
1946,
$24,000 in 1947 and 1948, $25,000
in 1949 and 1950,
$26,000 in 1951
and 1952, and
$27,000 in 1953 to
1955.
Sarpy County School District No. 1
(P. O. Bellevue), Neb.
Bond Sale—The Wachob-Bender
Corp., of Omaha, has purchased
issue of $15,000 construction
bonds authorized at the election
held in January.
an
NEW
Bond
/
Sale—The
$754,000
long
term New Jersey municipal bonds
offered
160,
for
sale
on
July 26.—v.
373—were awarded to Estabropk & Co., of New York,
Equitable Securities Corp., Cof¬
fin
p.
&
Jersey's
of
State
new
Economic
announced
was
of New York,
and
sent
and
documents
do
not
enlarge upon the con¬
approval hereinabove
given.
De¬
Develop¬
BE
IT
FURTHER
RE¬
SOLVED,
that the Secretary be
empowered to evidence the con¬
July
14 that
planned to aid
of
sent
in preparing for
projects.
Mr. Erdman
explained his department's divi¬
sion of planning and
engineering
already has $500,000 available for
grants to counties, municipalities
and school districts to
defray up
to one-half the cost of
preparing
this
Commission
to
any
such
filing subject to the above
limitation
and • subject
to
the
post-war
qualifications
that
Commis¬
this
sion does not pass upon the
legal¬
ity of the proceedings taken or to
taken by the municipality in
connection with the proposed plan,
such consent and approval being
based solely on the probable ca¬
pacity to pay and the equitable
be
plans and specifications for post¬
war
public works and improve¬
ments.
distribution
Paterson, N. J.
of
service
debt
charges.
Funding Commission Approves
Refunding Plan With Reserva¬
Bond Offering—Albert F. Hub-
1954. Rate of interest to
to
multiples of one-tenth
the
must
be
the
or
for
same
bonds. Principal
be in
all
of
and interest
the
at
construction
City
and
laying
storm
City.
water drains in streets of the
a
000
was
Refunding Bonds of
total amount of $790,considered by the Com¬
1. The
sales
as
when
mission,
This proposal involves
the issuance of bonds in a total
amount
of
$785,000 to provide
required
by
means.
uation
cover
an
collection
2.
emergency ap¬
of
taxes
Maintaining
not
an
lower
by
all
legal
assessed val¬
than
that
on
propriation for school purposes in
a like
amount, with issuing ex¬
which the approved plan is based.
3.
Maintaining a budget for
penses not to exceed $5,000. The
facts appear to be that the
City
certified an
amount
for
school
not at any
purposes
was
some
years
insufficient
to
ago
operating
the
reason
therefor.
;
than par
est.
These
and accrued
bonds
?
inter-
author-j
were
provide a sum of money sufficient
Ashtabula County (P.
to pay at least five per centum of
son), Ohio
the entire estimated cost of said
Brevard, N. C.
Bond Tenders Invited—Alex H.
Clerk, reports that
pursuant to the provisions of the
refunding plan and the respective
Kizer, Town
bond
orders
and
ordinances
au¬
thorizing their issuance, tenders
fir the purchase by the sinking
hmd
of the
town
are
invited of
the following bonds:
>
r
1936,
part of the
:;
approved plan without first ad¬
vising the Director of Local GovRegistered interest funding,
ernment of any such increase and dH :^d July 1,1936, payable July 1,
required for a full year's
operation of the schools with the the
j
period of probable usefulness ized at the election held on June
object or purpose for which 27. Enclose a certified check for
j
indebtedness is to be con¬
2% of bid, payable to C. L. Schu-j
tracted is 20 years. Provision has
macher, City Treasurer.
y;.|
been made as required by Section
6 of the General Municipal Law to
.
amount
I
of the
Refunding, dated July 1,
n^ ^able July 1, 1976.
in the estimates made
which
meet
which shall
time exceed that used
expenses
less
suc¬
statute and the enforcement of the
\
the
holding of complete tax
and
City Auditor, will receive sealed
bids until 2 p.m. on Aug. 7 for
v
In view of the fact that the
Grafton, N. D.
Offering — W. F. Schutt,
The
cessful
of
in
Bond
;
Treasurer's the
purchase of $15,000 4% air- \
office or at the Marine Midland
port bonds. Dated Aug. 1, 1944* |
Trust Co., New York City.
Pur¬ Denomination
$1,000. Due $1,000 j
pose of issue is to pay the cost of
Aug. 1, 1945 to 1959. No bids for
payable
Treasurerj.
suance
McMullan
local
lk of 1%
improvement. Said bonds are gen¬
carrying out of the plan eral
obligations payable from un¬
tions—The following information referred to above is
contingent limited
taxes/ The
approving
is taken from the minutes of the
upon the
municipality perform¬
opinion of Wood, Hoffman, King
Local Government
Board, special ing, certain functions, the Com¬ &
Dawson, of New York, will be
meeting at Trenton on July 17, mission directs that the Secretary
furnished the purchaser.
Enclose
with regard to the
refunding plan attach to his certificate the views a certified check for $500, payable
of the above named
of this Commission, namely, that
city:
to the City
the success of the refinancing plan
The proposal of the
City of
Paterson looking toward the is¬ depends on the following:
NORTH CAROLINA
1944
State
Attorney-General Harry
ruled July 13 that a
community could not dispose
of his municipally-owned public
000 not to exceed 5% interest cou¬
utility without first having the
pon
storm drain bonds.
Dated sale approved by a majority oi
July 1, 1944. Denomination $1,- qualified electors.
000. Due July 1, as follows: $2,000
NORTH DAKOTA
in 1945 to 1950, and $3,000 in 1951
City Treasurer, will receive
sealed bids until 3 p.m. (EWT)
on Aug. 3 for the purchase of
$24,-
man,
and
AND
municipalities
:
any mat¬
municipal¬
given, provided such
or
in any way
.
Burr,
authorizing
acts of the said
hereinabove
funds to
JERSEY
Essex County (P. O. Newark), N. J.
*
New
quick action
terms.
or
or
ity in connection with the consent
Jersey (State of)
partment
same
ters
reso¬
other documents deter¬
or
mining
Commissioner Charles R. Erdman
but the trustee must be located in
the
lutions
To Aid Local Post-War Plans—
of
authorized to
accept and file subsequent
resolutions
New
and also may name trustee other
than First Trust Co., of Lincoln,
on
the Commission be
follows:
Inc., Union Securities Corp., New
York, R. W. Pressprich & Co.,
and B. J. Van
Ingen & Co., at a
price of 140.553.
place of payment in New York,
and
as
Boland, Saffin & Co., at a price
of 141.19; Harriman Ripley &
Co.,
The successful bidder may name
•
were
:'!
O.
Jefter*\
Sinking Fund Surplus Will Re-
tire
Outstanding
stated
Bonds
—
that this county will
It
is
|
I
|
soon}
join that exclusive little clique ,
of political subdivisions without
j
bonded
indebtedness, providing]
there are no new bonded obliga?
tions of the county issued.; ]
Beginning next year the coun- j
ty will make no direct levy for]
bonds, and interest, but will meet i
the payments out of the surplus j
in the sinking fund.
It is all just |
a
bookkeeping transaction, for]
sinking fund surpluses are trans/j
ferred to the general fund whert i
the bonds are paid off anyway. 'i:\
"Next year the final payment I £ \
due on the Harbor Lift Bridge ]
Bonds of $10,000 and
the remain- j
ing debts are some small- issues
special assessment bonds for,
of
J
{
and road improvements.,
j
The situation is a decided con¬
sewer
10 years ago'
bonded debt was
trast to the picture
when the county
<
Volume
and the annual
$322,960, while
vere increasing the debt by
ssues
of
$147,850.
The
1,119,410
nent
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4303
160
pay-
was
Mifflin
Township (P. O. Gahanna),
they
new
new
,
Ohio
■
.
election
ber
onds
lot. Due in not
Five years ago
eal estate taxes.
he
county's bonded debt was
385,205 and it took $69,878 to
neet the maturing bonds and inerest in a 12 months period.
Beliefontaine, Ohio
Bond Election—The City Counil has voted to submit to the
oters
election
November
the
at
issue of
n
$40,000 municipal air-
iort bonds.
Cleveland, Ohio Redeem Bonds
Joseph T.
To
—
ports
Director of Finance, re¬
that pursuant to the provi-
ions
of
For IV2S
$20,000 fire station
placed on the bal¬
bonds will
be
North
Bond
Sale
annual
Canton, Ohio
The $6,000 semi-
—
bp.ilding
improvement
on July 21
—v. 160, p. 375—were awarded to
Fox, Reusch & Co., of Cincinnati,
as l^s, paying a price of 100.462,
a basis of about 1.18%. Dated Aug.
1, 1944. Denom. $500.
Due $500
from Aug. 1, 1945 to 1956.
The
only other bidder was: Provident
Savings Bank & Trust Co., Cin¬
for :T%s,
at
a
price
of
100.27.
weeny,
Indenture
the
of
Mort¬
the City and the
Co., Cleveland, as
mstee, dated as of March 1, 1942.
nd
Resolution No.
843-44, the
between
age
leveland Trust
:ity of Cleveland Transportation
ystem revenue bonds aggregat-
$2440,000,
ig
comprising
and
11861
Nos.
onds
to
12910,
due
larch
1, 1958, and bonds Nos.
2911 to 14000, due March 1, 1959,
nil
be
paid on or-after Sept. 1,
944, at the Cleveland Trust Co.,
!leveland, or at the Guaranty
'rust Co., New York City, at par,
lus a premium of 5% of par, plus
ccrued interest to date called, on
resentation and surrender of said
all coupons
maturing
date,
bupon bonds registered as to
rincipal should be accompanied
y proper instruments of assignonds
with
and
n
after
redemption
Ohio (State of)
Municipal Market Index—J. A.
White & Co.,-
Cincinnati, reported
follows:
Continued
demand
for
high
grade names, coupled with ne¬
glect of second grade bonds, fea¬
tured the Ohio Municipal Market
during the • past week. While our
index of the yield on 20 Ohio
bonds
remained
unchanged
at
1.31%, the index for the 10 high
grade bonds moved higher from a
yield of 1.15% to 1.14%. r The
yield on 10 lower grade bonds is
unchanged from last
week
at
July 26
on
1.48%.
The
spreacj between the yields
10 high grade bonds and
the 10 lower grade bonds is again
slightly greater, at .34%.
This
spread has been widening grad¬
ually for-the past several weeks.
on
the
Plain Township (P. O. New
ent and transfer in cases where
ayment to anyone other than the
gistered owner is desired.
Inrest shall cease on date called.
Transit Debt
With
the
Cut to $10,735,000
redemption,
the
of
regoing bonds, the amount of
ansit obligations outstanding will
e
cut
to
$10,735,000 from the
riginal total of $17,500,000, it was
ated by Joseph T. Sweeny, Dictor of Finance.
Mr. Sweeny
bserved that
$3,500,000 bonds had
previously through
xercise of the call provision of
e
issue and two payments of
retired
een
bout $625,000 each made in acordance with maturity schedules,
he current payment, he said, will
esult
in
saving in interest
$3,207,937.
The City
a
of
harges
ouncil has referred to its transp¬
Albany), Ohio
Bond Election—James T.
Miller,
Township Clerk, reports that $20,000 fire station, site purchase and
equipment bonds will be placed
on
the ballot* at the general elec¬
tion
on
authorizing
the
pur-
hase of additional equipment
e
transit
system, including
for
100
otor coaches.
Cleveland
Note
Heights, Ohio
Ordinance
Considered
—
he City Council recently considred ordinances calling for the isance
of
$225,000 not to exceed
% interest current expense notes,
he notes are to be dated as of
ate
an
re
of
issuance, but not later
Sept. 1, 1944, and shall ma¬
On or before Feb. 1, 1945.
Nov. 7.
Youngstown, Ohio
Other Bidders
with the
sale
—
In connection
of the
$217,000 re¬
lV4s, at 100.32, a
basis of about 1.21%,.and the $7,000 park improvement bonds as Is
at 100.10, a basis of about 9.96%,
to McDonald & Co., and Fahey
Clark & Co., both of Cleveland,
jointly, report of which appeared
in v. 160, p. 375, Forrest J. Cava¬
lier, Director of Finance, submits
the following list of other bid¬
funding bonds
as
ders:
For $217,000 Bonds
ortation and finance committees
gislation
as
Ryan, Sutherland & Co., and
First of Michigan Corp.,
For iy4sr *
100.26
1,
100.14
—
Paine, Webber, Jackson &
Curtis,, and Associates,
For iy2s
than 20 years.
more
bonds offered for sale
cinnati,
Halsey, Stuart & Co.,
:•
Election—At the Novem¬
Bond
onds, of
course, were poor relief
and
not
charged against
! '>■
in
quote in
Scheduled
Coming Year
part
—
We
recent article
County,
tion
issue
an
of
a
recent elec¬
$50,000 gymna¬
sium-auditorium bonds
on
was
voted.
in the
"Vindicator,"
a
County
outlook for the
obligations:
.
Youngstown
the refinancing
city's bonded debt
»v? f • $?!><;"
in
their
PENNSYLVANIA
Allegheny County (P. O. Pitts¬
burgh), Pa.
upon
bidder
interest
and
close
would
ers
howl they were
being
160, p. 277—were awarded
syndicate composed of Lazard
Freres
rate
For lV4s
or
—
refunding bonds
they mature.
000
•;
-—
refunder
is to
pay
as
J.
on
to
as
all real
prop¬
erty legally taxable therein. En¬
certified check for
a
2%
of
principal amount of bonds bid
&
Van
Ingen
bond
ma¬
Blair &
Co., Inc., Union Securities
Corp., New York, Hornblower &
—which has not yet been built.
Weeks, Eldredge & Co., Glover &
Another $1,000 is to pay for re¬ MacGregor, Paul H. Davis &
Co.,;
pairs to the old city incinerator, First of Michigan Corp., Harvey
which may be torn down this year. Fisk & Sons, Stroud &
Co., NewOf the city's $8,430,680 bonded burger,
Loeb
&
Co.,
Phillips,
debt, $2,910,600 is refunding Schmertz & Co., Dolphin & Co.,
bonds.
Last
year,
for example, and Crouse, Bennett,'Smith & Co.
turities
on
South Ave. fire station
about one-fourth of the maturing
bonds
refunded, $196,000 of
$847,000 redeemed.
for
%s, at
a
Interest
rates
on
Northumberland
County
Sunbury), Pa.
refund¬
some
(P.
sion decade when the State's gen¬
eral fund had
reached
O.
Bonds Not Decided
a
an
peak
overdraft, which
of $853,252 on
30,
1935.
Actually,
Mr.
Youngquist pointed out, the over¬
draft was $1,850,184 at that time
because $996,932 of State
funds
lost in closed banks were carried
on
the books as an asset.
They
June
were
price of 100.1299.
were
written
off
by
the
1943
Legislature.
"Everything in the fund is cold
turkey
cash
now,"
the
State
On—Robert
Treasurer commented.
at 6%
Gibson, County Controller, reports
improve¬
that no decision has been handed
TENNESSEE
ment is paid for twice over city
down as yet by the County Court
financial records show.
Chattanooga, Tenn.
regarding the authority to issue
Issues being refunded this year
No
Tenders
Received—T.
R.
the $160,000 I%%.■ funding bonds.
and dates of the original bonds:
Preston, Chairman, Sinking Fund
Parks and playgrounds, $10,000,
Pittsburgh, Pa.
Commission,
reports
that
no
Bond
1934; parks and playgrounds, $12,Offering — Edward R. tenders of refunding bonds of
000, 1935; fire apparatus, $5,000, Frey, City Controller, will receive Series "A," "B" or "C" and fund¬
1939; Lakeview Ave. street im¬ sealed bids until 10 a.m. (EWT) ing
bonds were received on
provement, $1,000, 1939; airport on Aug. 16, for the purchase of
July 27.
land, $29,000, 1939; Fosterville fire $1,300,000 not to exceed 4% inter¬
TEXAS
station, $1,000, 1939; South Ave. est coupon public improvement
fire
station
(proposed), $1,000, bonds as follows:
Chambers County (P. O. Anahuac),
1939;
final
judgments,
$7,000, $1,000,000 Series A bonds.
Due
Texas
1940; airport equipment, $9,000,
$50,000 from Sept. 1, 1945 to
Bonds Defeated—Guy C. Jack¬
1941; street widening, $5,000, 1941;
1964.
son,
County Judge, reports that
incinerator repair, $1,000, 1941.
300,000 Series B bonds. Due $30,- the $3,861,000 road construction
Police equipment, $9,000, 1941;
000 from Sept. 1, 1945 to 1954. bonds failed to carry at the elec¬
final judgments, $10,400, 1942; Di¬
% Dated Sept. 1, 1944. Denomina¬ tion held recently.
vision St.
bridge repair, $2,000,
tion $1,000. The bonds shall bear
Chambers cpid Liberty Counties
1942; park improvement, $4,000, interest at a rate not
exceeding
(P. O. Anahuac), Texas
1942; street widening, $6,000, 1942; the rate
specified above and must
Bonds Voted — At the election
Lincoln
Park
Pavilion,
$1,000,
be uniform for each entire issue,
held on July 8, the $100,000 bonds
1943; fire apparatus, $4,000, 1943;
payable semi-annually on March
to finance the organization of a
Bridr
Hill
playground,
$1,000, and
Sept. 1, in each year during
navigation district were voted.
1943; and refunding bonds from the term
thereof, without deduc¬
1933 to 1939 $98,600.
tion for any taxes which may be
Houston, Texas
ing bonds
so
that
are
high,
sometimes
many
an
Canfield,
City, were the suc¬
cessful bidders for the $35,000 wa¬
ter
works
system
bonds.
Due
of
Oklahoma
^
Bond Sale to be Recommended
bonds, or on the
debt secured thereby by the Com- —The sale of an additional $400,monwelath, pursuant to any pre¬ 000 sewer improvement bonds will
sent or future law (except suc¬ be. recommended
to
the
City
cession,
inheritance
and
gift Council by W. B. Collier, Director
of the City Treasury, and John
taxes), the payment of which
Turney,
Director of Public
taxes will be assumed by the City. G.
levied
Calumet, Okla.
on
said
$2,000 in 1949 to 1965, and $1,000
The bonds will be coupon
bonds,
Works.
in 1966.
exchangeable at the City Control¬
ler's office at the option of the
Mission
Independent School Dist.,
Bond
Sale—Rauscher, Pierce &
101.60
Haskell School District,
Otis &
Co., and
Singer, Deane & Scribner,
For iv2s,
Stranahan, Harris & Co.,
Inc.,
valorem
-
Bond Sale—Calvert &
100.19
IV2S.
ad
Co., Lehman Bros., B. for, payable to the city.
& Co., Hemphill,
SOUTH DAKOTA
Noyes & Co., all of New York,
This year $217,000 in bonds will
Moore, Leonard & Lynch, of Pitts¬
South Dakota (State of)
be refunded, which is more than
burgh, C. F. Childs & Co., Coffin
General Fund At Record High
last year and the year before. But &
Burr,
Otis
&
Co.,
Minsch,
—State Treasurer E. V. Youngnext year it will be even worse, Monell &
Co.? all of New York,
with about $556,000 in debt obli¬ and R. S. Dickson &
Co., of Char¬ quist said on July 13 that at the
gations scheduled for "refinanc¬ lotte, as %s, paying a price of close of the 1943-1944 fiscal year
on June
30 last, the State's gen¬
ing."
■
' •
100.1499, a basis of about 0.85%.
Of the $217,000 in refunders to Dated
Aug. 1, 1944. Denomination eral fund balance was $6,492,074,
the largest on record.
be issued this year, $98,600 will
The cur¬
$1,000.
Due $300,000 from Aug.;
be for refunding other refunding 1, 1945 to 1954.
The next highest rent situation is in sharp contrast
to the early years of the depres¬
issues dating back to 1933. A $1,- bidder was:
Halsey, Stuart & Co.,
robbed
OKLAHOMA
Halsey, Stuart & Co.
For
be
limitation
amount
or
-
Fox, Reusch & Co.,
Crouse, Bennett, Smith &
Co.,
^
Baum, Bernheimer Co.,
Channer Securities Co.,
Chicago,.'
Kalman & Co., and
William C. Seufferle & Co.,
The
fur¬
from
wihtout
taxes,
the
a
request.
will
with the opinion of Reed,
Smith, Shaw & McClay, of Pitts¬
burgh, that the bonds are direct
and
general obligations of the
city, payable both as to principal
to
ser¬
where taxpay¬
be
must
nished
25—v.
slashing
bonds,
/ Bids
successful
faulting
on
effect, according
blank forms which
obtained from the City
upon
Controller
Bond Sale—The $3,000,000 fund¬
ing bonds offered for sale on July
vices to the point
and
terms,
be
may
The city's financial officers are
faced with the alternatives of de¬
v
force
made
Bonds Voted—At
to
follows from
as
the
Union
High
School District (P. O.
Redmond), Ore.
100.00
Issues
at
office.
be
to
Payable
1939.
Treasurer's
Deschutes
...
Refunding
Increase
•
479
Bond
Election—An
Okla.
election
is
holder at any
bond
or
time for registered
bonds of the same matur¬
Texas
Co., of Dallas, purchased recently
denomination or a mul¬
$128,500 2V2%
semi-annual re¬
tiple thereof, not exceeding the
on with the report that the City
funding bonds.
Dated July 15,
struction bonds.
aggregate principal amount of the 1944. Legality approved by John
as
been enjoined from issuing
coupon bond or bonds surrender¬ D.
Jones School District, Okla.
For IV2S
100.83
McCall, of Dallas.
24,000 municipal light p 1 a nt
Bonds Approved—Randell Cobb, ed in exchange therefor.- Regis¬
Provident Savings Bank &
onds, Agnes Brown Cain, City
tered bonds shall be registered Pasadena Independent School Dist.,
Trust Co., Cincinnati,
Attorney General, recently ap¬
lerk, reports that the matter is
Texas
proved
$4,800
repairing
and with the City Treasurer and shall
ill in the courts and that it is Weil, Roth & Irving Co.,
Bonds Defeated—At the elec¬
be re-registered only on the books
Van Lahr, Doll & Isphording,
equipment bonds.
ot likely the bonds will be isheld recently an issue of
of the City Treasurer. Unless all tion
and
ed.
Nichols Hills, Okla.
bids are rejected, all said bonds $265,000 construction bonds failed
Assel, Kreimer & Co.,„
Bonds Approved—Randell Cobb,
Another election may
will be sold to the highest respon¬ to carry.
Hamilton County (P. O. Cincin¬
For IV2S
^.100.80
Attorney General, approved on sible bidder complying with the be called to resubmit the question
nati), Ohio
Paine, Webber, Jackson &
July 14 an issue of $34,000 re¬ terms of sale. No bid at less than to the voters.
City And County Bond Issues
Curtis,
funding bonds.
rojected for November — The First Cleveland
par and accrued interest will be
Corp.,.
Spring Hill Rural High School
hio News Bureau, in its "Bond
accepted. Bids must be for the en¬
Yukon, Okla.
Dist. (P. O. Boston), Texas
Cleveland, and
Bond Election—An election has tire amount of both issues in the
ulletin," issue of July 22, re- Merrill, Turben & Co.,' ~
Bond Sale Details—In connec¬
total aggregate sum of $1,300,000.
orted as follows:
For V/2s
tion with the sale of the $15,000
100.47 been called for Aug. 8 to submit
Neither the city nor the county
to the voters the following not to The bonds will be delivered to school house bonds, as 3s, report
For $7,000 Bonds
the purchaser by the City Control¬ of
ill present a bond issue for a
exceed 3% interest bonds aggre¬
which
appeared in v. 160,
ler at his office.
The city re¬
ew
airport to voters this Fall, Provident Savings Bank &
gating $56,000:
p. 168, L. H. Griffin, County Su¬
serves the right to deliver to the
Trust Co., Cincinnati, and
ome
other method of financing
perintendent, states that the bonds
$31,000
water
softening
plant
successful
bidder
a
temporary were sold at par to the First Na¬
e
Associates,
project is being sought.
The
bonds.
For Is
100.00
uestion of building an airport is
typewritten or printed bond or tional Bank of New Boston, Texas.
9,000 water system bonds.
bonds for the aggregate principal
nder
active
consideration
by Ryan, Sutherland & Co., and
16,000 sewer system bonds.
Texas (State of)
amount of said bonds which shall
oth county and city and some
Associate,
Bond Call—Jesse Jones, State
be substantially in the same form
For lV4s
100.37
ay
of raising money for the
OREGON
as
definitive bonds to be there¬ Treasurer, calls for payment at
roject will be developed. In the Fox, Reusch & Co., and
Coos County (P. O. Coquille), Ore. after
issued
with
appropriate face value general revenue war¬
eantime the city's portion of a
Associates,
For iy4s
Bond Call —Charles Stariff, omissions,
100.19
insertions and varia¬ rants to and including No. 701,439
Columbus, Ohio
Suit Still In Court—In
connec-
called
to
101.44
be
to
vote
an
in
the
issue
near
future
of $25,000
ity and
con¬
...
,
40,000,000
bond
improvement
to be placed before the
in Nov. has been raised
rogram
oters
om
$14,000,000 to $16,000,000.
Stranahan, Harris & Co.,
Inc., For H/2s
-a.
.100.83
County Treasurer, calls for pay¬
ment on Aug. 1, 1944 refunding
bonds Nos. 66 to 370. Dated Aug.
Until their ex¬ (1943-44 series), which includes
for
definitive
coupon all warrants issued prior to and
This
bonds, the temporary bonds shall including June 26, 1944.
tions
as
change
required.
cause
years'
these
United States
1, 1941, are now void be¬
of the State's statute of two
make
should
ar¬
including the National City Bank
Bankers Trust Co.,
York, the Bank of America
National Trust & Savings Asso¬
ciation
of
San
Francisco,
and
of New York,
the General
Claims Committee for special ap¬
presented
to
New
propriation at the next session of
the
State
Legislature.
Out-ofState holders of such warrants are
$29,406,000 local housing note is¬
sues
offered July 25, details of
general revenue warrants issued
between Sept. 1, 1941, and Aug.
for
which
these
present
should
1942,
appeared in
160, p. 62.
v.
Among the loans purchased by the
Chemical Bank group were the
imme¬
payment
other institutions in various
many
parts of the country, was awarded
$24,072,000 of the grand total of
to
notify the State
Treasurer's
office.
Holders of
requested
warrants
diately as these warrants will be
by the statute of limi¬
following: $4,463,000 Hartford
Housing Authority, Conn.; $5,Other 025,000 Pittsburgh Housing Au¬
warrants, all thority,
Pa.;
$1,470,000
Dallas
outlawed
tation
Aug.
on
1944.
31,
than general revenue
State warrants are cashable
when
presented
immediately for payment. Prompt
issued
should
and
Housing Authority, Tex., notes,
.48%; $400,000 Albany Housing
Authority, Ga.; $1,327,000 Mont¬
gomery Housing Authority, Ala.;
$614,000
New Albany Housing
Authority, Ind.; $2,600,000 New
Orleans Housing Authority, La.;
$1,562,000 Portland Housing Au¬
thority, Ore.; $1,000,000 St. Clair
County Housing Authority, 111.;
be
at
presentation for payment of these
warrants will be greatly appre¬
ciated by the State Treasurer's
office.
'
;
Wortham, Texas
Bond Sale—R. A. Underwood &
Co., of Dallas, purchased recently
$187,000 2V2% semi-annual re¬
$749,000 Tucson Housing Author¬
approved
by
John
Ariz.;
ity,:
funding bonds. Dated Feb. 1; 1944.
Legality
$752,000
Portsmouth
Housing Authority, Va., notes, at
D.
Oakland
$4,110,000
and
.52%,
ItTcCall, of Dallas.
Cal.,
Authority,
Housing
notes,
thorized
Va.
Bond Issue Scheduled for Water
System Purchase
We quote in
—
part as follows from an article
appearing the Roanoke "Times" of
July 18 regarding the contem¬
plated issuance of $225,000 water
purchase bonds by Wil¬
liamson
Road
Sanitary District
system
No. 1, a unit of the
Roanoke county
above county:
board of su¬
pervisors, in regular session yes¬
afternoon at Salem, ac¬
terday
the
cepted
Water
of
offer
Phelps
the
Company, a private water
service
Williamson
the
in
Road
section of the county, on
behalf of
the Williamson Road Sanitary dis¬
trict No.
1
at
purchase price of
raised by a bond
a
be
election.
Chair¬
Williams,
Sturling
of
citizens committee of the
a
Road
Williamson
trict
No.
Dis¬
Sanitary
before the
appeared
1,
board and stated that a five-man
committee
the
of
Williamson
Road Lions Club had studied the
Phelps
water
that
and
system
a
large number of qualified voters
of this district desired that the
offer of J. N. Phelps be
STATEMENT OF EARNINGS
CONSOLIDATED
FOR THE SIX MONTHS ENDED
JUNE 30, 1944
Net income before other deductions,
depre¬
ciation and Federal taxes
,
income
on
*
accepted.
committee, con¬
sisting of Mr. Williams, County
Sheriff
E.
E.
Waldron,
E.
R.
Jewell, Harry S. Shafer, and J. W.
Wharton, pointed
out that the
project will be self-liquidating,
the bonds being paid for through
Members of the
derived
revenue
$1,036,677.55
.
sold.
It
Last
$138,084.61
deductions
amortization
proveinenls
of*leaselio]d
.
.
<*-
iru«
200,924.95
Om,a4U.Jt!
....
Net income before Federal
taxes on
$835,752.60
income
Provision
for
Federal
estimated
taxes
on
storage
entire
year's
excess
profits credit
415,000.00
.......
No. 81
Glover,
1944, equivalent to $2.01
receive
per
share
on
209,700
outstanding (after deduction from
issued shares of 16,875
$420,752.60
stock)
A PPLICATION to the Internal Revenue Bureau for
a
reconsideration of
•fl the invested capital base of A. HOLLANDER & SON, INC. resulted
decision rendered after JUNE 30, 1943, subject to final approval, which
granted the
excess
company
the benefit of
profits taxes. This
substantial increase of invested capital
a
invested capital base, together with the
new
resultant carry overs from prior yefars, has created an increase of net earn¬
share. Last year's adjusted invested capital base for
was
reflected
in the annual report to
excess
profits
stockholders for the fiscal
year
ending December 31, 1943, but not in the published figures for the first six
months period of that year. In the figures herewith submitted for the first
six months period ended June 30,
1944 the
new
invested capital base has
been used, but no carry overs have been reflected for that period since they
exhausted in the prior year.
excess
1943, earnings for that period
$1.54
as
A.
.'"■■■;
/
Had the adjusted invested capital base which existed
1943 been used to determine
on
December 31,
profits taxes for the period ended June 30;
per
share would have been $2.75 instead of
published for June 30, 1943.
HOLLANDER &
SON, INC. AND WHOLLY-OWNED SUBSIDI¬
ARIES—CONSOLIDATED NET INCOME for the six months ended June
30,
1944
before provision for Federal taxes
equivalent to $3.98
on
per
share
on
net income of $835,752.60,
209,700 shares. Provision for Federal taxes
on
income is $415,000.00 computed at presently prevailing rates, after apply¬
ing entire year's
excess
share, resulting in
$2.01
per
a
profits tax credit. This tax is equivalent to $1.97
per
net income after provision for taxes of $420,752.60 or
share. This
with the corresponding period of 1943
compares
Consolidated net income before provision
$1,018,256.58, equivalent to $4.85
Inventories at June 30,
per
for Federal taxes
on
—
income of
were
estimated
on
the basis of.
the prime cost of sales percentage for the respective preceding calendar year,
as
the company takes physical inventories only at the end of
Above is
a
copy
the
year.
of the semi-annual report submitted to the New York
Stock Exchange pursuant to its rules and regulations.
»
Michael Hollander, President
A.
Treasurer,
bids
sealed
until
2
will
p.m.
Aug. 11 for the purchase of
$3,400,000 not to exceed 2V2% in¬
terest
coupon
building bonds.
Dated Sept. 1, 1944.
Denomina¬
tion $1,000.
Due $125,000 in 1946,
$127,000 in 1947, $130,000 in 1948,
$132,000 in 1949, $135,00 in 1950,
$138,000 in 1951, $140,000 in 1952,
$143,000 in 1953, $146,000 in 1954,
$149,000 in 1955, $152,000 in 1956,
$155,000 in 1957, $158,000 in 1958,
$161,000 in 1959, $165,000 in 1960,
$168,000 in 1961, $171,000 in 1962,
$175,000 in 1963, $178,00 in 1964,
$182,000 in 1965 and $185,000 in
HOLLANDER &
SON, INC.
World's Largest Fur Dyers and Blenders
cently
by
Directol
State Budget
Cleveland M. Bailey.
a
held
on
certified
of the amount bid.
mated
with
revenues
the
other
at
$35,000,001]
$4,000,000 to
surplus if neces
the
from
taken
,
Other bidders
were
as
Bidder—■
Hall
&
Fenn
&
Co.,
Corp.,
&
Paul
Co.,
Paine,
son
&
Curtis.
Co.,
&
Wisconsin
&
Tax
&
Harris,
First
100.31
National
Seattle,
&
&
Hemphill, Noyes &
& Weeks,
Co.,
Co.,
Anthony
McDonald
Co.,
Son
&
Co.,
&
Co.,
P.
W.
J.
Co.,
Fordyce
&
M.
&
States
Kaiser
Dain
Co.
&
WEST
in tl
amount^
These totals incluc
investments
in
Unit(
government bonds.
Receipts for the general fund
12 months ended June 30 ij
&
the
and
Co.^._„.100.20
Tripp &
and
sales
Co.,
Harper
12 months ended June 30
$198,355,618.
Hornblower
Tucker,
&
Estabrook
Burr,
receii
$277,956,449, against $180,91';
in the preceding 12 montl
John M. Smith, state treasure
announced
recently.
Disburs]
ments totaled $268,209,713, agair
Bank
Commerce,
12-Mon^
tax
of Wisconsin
919
Bank,
Coffin
State
to
Boston
W. Pressprich &
National
Receipts—Total
the
of
& No rris_13A%
Co.,
(State of)
Large Gain Shown in
Mliwaukee
and
First
of
Davis
Bosworth
Inc.
Shields
Cruttenden
H.
Braun,
plans
on
Webber/ Jack¬
Co.,
Lameroux
V ~
Phelps,
City Hall. Preliminary woi
for construction of tl
building are under way.
new
Price
Equitable Se¬
Co.,
curities
Co.,
follows:
Int. Rate
creased to
$190,478,182 from $14£|
the like period
Disbursements from the gei
603,479
VIRGINIA
1943.
for
to
$186,797,276 fro]
Motor fuel tax rl
Bond Redemption Notice—W. A. ceipts declined to $18,373,192 fro|
Leap, President of the County $20,083,941, and refunds totak
Court, reports that outstanding $2,340,955, compared with $2,237
toll bridge revenue bonds aggre¬ 592.
Liquor tax receipts fell to $Z
gating $1,447,000, are being called
for payment on Aug. 1, 1945, ac¬ 991,311 from $4,591,292. Malt be|
cording to Article 4 of the Inden¬ erage tax receipts amounted
ture securing the bonds, wherein $2,531,116, against $2,270,514, ar
1966 and 1967.
First
Bidders are re¬ the
Huntington
National cigarette tax receipts were $'
quested to submit bids for (1) all Bank, Huntington, is trustee, by 216,503, as compared with $3,971
of said bonds payable absolutely the
payment
of
the principal 698 for the preceding period.
as
set forth above, and ((2) also thereof
and
interest
accrued
for all of said bonds subject to thereon plus the applicable addi¬
the right of prior redemption of tional interest as specified in each
bonds maturing in 1955 to 1967, on of said bonds. Dated Aug. 1, 1940.
BRITISH COLUMBIA
any interest payment date on or Denomination $1,000.
Holders of
Prince George, B. C.
after Sept. 1, 1954, and (3) also said bonds called for redemption
Bond Sale—McMahon & Burl
for all of said bonds subject to shall present same at one of the
of Toronto, purchased during Jui
the right of prior redemption of places
of
payment
designated an issue of $96,000 4% semi-a(
bonds maturing in 1965 to 1967, therein as of Aug. 1, 1945, for pay¬
nual improvement bonds.
Due
on
share.
1944 and 1943
County
on
shares of treasury
School
However, revenue durii
Washington Toll Bridge Authority sary.
the year totaled $40,981,731 to ir
(P. O. Olympia), Wash.
crease, rather than decrease, tl
Bond Sale—The $4,815,000 Lake
surplus.
Washington Toll Bridge revenue
The unexpected balance at tl
refunding bonds offered for sale
end of the fiscal year actually t(
on
July 25—v. 160, p. 278—were
taled $1,972,054, butrMr. Bail*
awarded to a syndicate composed
estimated that $772,054.36 will
of A. C. Allyn & Co., of Chicago,
paid out by Aug. 28, in the 6(
Dean
Witter
&
Co., Blyth
&
day period allowed to clean
Co., Bank of America National
fiscal matters.
Trust & Savings Association, all
Mr. Bailey said the $1,200,0(
of San Francisco; Stranahan, Har¬
remaining is being retired to tl
ris & Co., Inc., of Toledo, Blair &
general fund and while some
Co., Inc., Stifel, Nicolaus & Co.,
it may be revived by the Boai
of St. Louis; B. J. Van Ingen &
of Public Works to be spent in tl
Co., of New York; John Nuveen
present year, the bulk of it cai
& Co., of Chicago; Pacific National
not be touched, and thus becom<j
Bank of Seattle; Murphey, Favre &
part of the "starting fund" for tl
Co., Spokane; Eldredge & Co., of
1945 Legislature when it meets
New York; R. H. Moulton & Co.,
budget for the next bienniurj
of Los Angeles; H. C. Speer &
Among the money now "dead"
Sons Co., of Chicago; E. M. Adams
far as expenditures in this bl
& Co., of Portland; Walter, Woody
ennium is concerned, is $200,0(|
&
Heimerdinger, of Cincinnati;
of the fund appropriated to pc
Richards
&
Blue, of Spokane;
teachers a $25 monthly bonus.'
Grande & Co., of Seattle; Merrill
WISCONSIN
Lynch, Pierce, Fenner & Beane,
of New York; Ferris & Hardgrove,
Marshfield, Wis.
Foster & Marshall, both of Seat¬
Plans Building Project.—A si]
tle; Mason-Hagan, Inc., of Rich¬
has been acquired for a new Cilj
mond; Martin, Burns & Corbett,
Hall.
Preliminary work on plat
Channer 4 Securities Co., both of
for construction of the buildii
Chicago, and Bramhall & Stein,
are
under way.
of Seattle, as lV2s, paying a price
of
100.0107,
a
basis
of
about
Sheboygan Falls, Wis.
1.499%.
Dated Sept. 1, 1944. DePlans for Building Constructs
nom.
—A site has been acquired for
$1,000.
Due Sept. 1, 1960.
Portland,
County School District
(P. O. Spokane), Wash.
Offering — Frank
J.
Enclose
check for 5%
Co.,
WASHINGTON
Spokane
election
an
14.
Corp., R.
Bond
were
$10,000.
There
facilities for 760,000
water and the fcdaily
one
million gallons, he
is
Net income for six months ended June 30,
per
operating
the
while
of
gallons
income
computed at presently prevailing rates after applying
ings
income of
cost was less than
flow
taxes
gross
a
Water
Phelps
the
said.
Deduct:
a
water
increase
at
March
Harris,
year
$37,646.81,
are
for
the
no
rate, Mr. Williams em¬
Company had
Depreciation of fixed assets anJ
in
for
phasized.
Other
shares
from
call
will
in the tax
Deduct:
the
■
C.
ivholfy-oivned subsidiaries
of
.
man
and
right
It was pointed out that the sui
Hanover Bank &
Co., of New York, was the payable at the office of the County plus, further increased by the fac
that revenues exceeded both th|
successful
bidder
for
$960,000 Treasurer, or at the fiscal agency
Sixteenth Series, Dallas Housing of the State in the city of New estimate and the legislative aj
Authority, Tex., notes, at .48%, York, New York, or in the event propriation, compares with a frt
plus a premium of $10.50; $1,000,- of the sale of said bonds to the balance of $10,329,610 on June 3(
000
Tenth
Series,
Portsmouth State of Washington at the office 1943—a gain of $3,847,620 in tl
Housing Authority, Va.; $1,159,000 of the State Treasurer, and as past year.
Twelfth Series, St. Clair County subsequently determined by said
The State Budget Director saij
Housing Authority, 111., notes, at School District upon the sale of the State's financial standing
The School District the close of the fiscal year ei
.50%, plus a premium of $11.00 said bonds.
and $12.50, respectively, and $2,- will furnish the executed bonds ceeded all expectations,
pointinj
215,000 Beaver County Housing and will pay for all attorneys' out that the Legislature had fi|
fees.
All bids must be uncondi¬ ured
Authority, Pa., notes, at .54%,
upon dipping into the $10j
tional.
The approving opinion of
plus a premium of $27.50.
000,000 surplus to sustain the ai
Burcham
&
Blair, of Spokane, propriations.
TV.':v
VIRGINIA
will be furnished the successful
The
Legislature
appropriate!
These bonds were au¬
Roanoke County (P. O. Roanoke), bidder.
$39,251,000 for the year and esti
issue
oon, inc.
the
to
Trust
$225,000 to
&
ject
District to reject any and all bids.
Said bonds and interest will be
Ttie- Central
Authorities
Notes—A
syndicate
of
banks headed
by the Chemical
Bank & Trust Co., New York, and
rangements with the State Repre¬
sentative of their district to have
them
Housing
Local
Award
of
Possessors
limitation.
warrants
/
at .53c.,
warrants
revenue
Sept.
UNITED STATES
$1,749,866.
General
dated prior to
for
is
call
31,
Monday, July 31, 194
THE COMMERCIAL & FINANCIAL CHRONICLE
480
any
or
after
in
each
rate
of
interest payment date on
Sept. 1, 1954, specifying
such
bid
interest
interest at which the
the
bidder
will
The
bonds
bidder
case
will
of each such bid.
be
sold
to
the
making the best bid, sub¬
Interest
Huntington),
ceases
called.
Fiscal
eral fund
date
on
"
r
1945
Leaside, Ont.
Large
priations to build up a record un¬
encumbered balance of $14,177,230
June
end
30,
it
of
its
was -
fiscal
year
announced
1964.
ONTARIO
Virginia (State of)
Year Ended With
budget, West Virginia saved $1,200,000 out of legislative appro¬
the
to
.
Bond
Balance—Besides living within its
at
rose
$164,699,945.
.
West
premium,
purchase the bonds thus bid for at
in the
ment.
lowest
if
at which such bid¬
(a)
and
any, above par,
der will purchase the bonds thus
bid for, or (b) the lowest rate of
oar,
Cabell County (P. O.
W. Va.
on
re¬
Sale
—
>
Dyment Anders^
&
Co., of Toronto, purchased r
cently $77,000 bonds, divided
follows: $60,000 3% semi-anm5
improvement bonds,
2V2%
semi-annual
bonds.
and
$17,0.
improveme]
@FedFRASER