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JUL
6 1943
MONDAY
ommetCLaL an
Reg. U.
Volume
New York, N. Y,,.
Number 4191
158
S.
Price 60 C
Monday, July 5, 1943
DEPARTMENT
CITY
AND
STATE
Office
Pat.
BOND PROPOSALS AND NEGOTIATIONS
in the district
National Bank of St, Louis, Mo.)
for' redemption.
In This Issue
?
'
Mountain
(P., O.
Baxter; County
Home), Ark.
Bond
Corporation News
State and
Sale—The
semi-ann.
3*4%
$10,000
bonds
house
court
of¬
fered for SaleohJime 26-—v. 157,
City News
awarded
2197—were
p.
Lanford & Co. of Little
to Hill,
Rock, ac¬
cording; to the County Judge.
QUOTATIONS
1
New
York Stock
York
Curb
Exchange
California
'
Toll' Bridge
Authority,
Bond''Redemption Report
It
—
is announced by Charles H. Pur-
Out-of-Town Listed Markets
Director' of' Public
Works, ihat an additional $1,000,-
cell, ' State
Unlisted Securities
Gas
Electric
&
in
000
Francisco Bay Bridge
San
maturity, which is September 1.
Since the bridge opened in 1936,
more
than
$12,000,000 in bonds
have been retired although it was
originally planned that only $2,580,000 of the $74,000,000 debt
would be retired by this time.
Miscellaneous
(See Index Below)
Enclose a certified check
for 2% of the amount of the bonds
bonds.
-V
-
Birmingham, Ala.
will
July 13, est.
be received until noon on
by C. E. Armstrong, City Comp¬
troller, for the purchase-of $425,000 capital improvement refund¬
The bonds will be delivered
successful bidder or bid¬
the
to
ders
Aug. 2, unless a later date
on
should be
Dated
Aug. 1, 1943. Due on Aug. 1, as
follows: $25,000 in 1955, and $50,000
in
1956
The bidder
1963.
to
specify the rate of interest
shall
which the bonds are to bear, not
exceeding the legal rate of inter¬
est in the State. The bidder shall
he will
at which
inter¬
of
rate
lowest
the
use
est
pay
par
or
expressed in
multiples of % of 1%. No split
rates will be considered.
In de¬
for
more
mutually agreed upon.
Denom. $1,000.
ing bonds.
the bonds,
termining
the highest bidder for
the bonds,
O.
Rawson
of
payable
Chemical
Co., New York. The
and
Prin.
therefor.
in
payment
and
bonds
the
int.
lawful money at the
Bank & Trust
bonds and the interest thereon are
exempt
State,
from
county
and
municipal taxation, and after ma¬
turity
receivable in payment
are
Clerk
O.
re¬
providing, water to the latter.
Nevada Irrigation District
was organized in 1921 and is ap¬
proximately 60 miles northeast of
The
the
his
of
his election, be
obligations under
to
purchase
the
such case the de¬
contract
bonds
posit
and
in
accompanying
be returned.
furnish
opinion
to
of
his bid will
The Commission will
the
purchaser
Thomson,
Hoffman of New York,
the
legality
Wood
Old
Road
Payment
about
—
Bonds
During
Sought
for
weeks
recent
State highway
bonds isued under authority of a
1934
is
$8,000
owners
fact
of
act have been redeemed.
that
stated
not
were
that
of the
some
the
It
bond-
cognizant of the
old
securities
were
refunded and had ceased to draw
interest.
showing
will
authority
be ;
to
&
have
of the
of all
furnished
issue the
—
It
is
,
;
„
reported,
value of this Company, payable September
1943, to stockholders of record at the close
August 20, 1943.
par
15,
of
business
which
Pacific
Gas
The bonds
1963.
the
in
mature
years
1955
&
to
1959, inclusive, will be subject
Ap¬
to
proximately 65% of the 1942
rev¬
of
redemption in the inverse order
their
maturities
on
May 1,
enue
the
$95,000 in
Electric Co.'s power stations.
to
purposes
of the district
came
from the
utility company.
Adams
Colo.
The follow¬
—
ing school warrants of the county
said to
payment
urer's
to
r
cease
Dist.
All
on
Treas¬
Brighton, interest
July 8:
24—General
warrants
Fund—
registered
before
10, 1943, and Warrant No.
registered Feb. 13, 1943.
No.
Fund-
25—General
registered ' before
warrants
June
11, 1943.
Dist.
All
County
the
in
No.
Dist.
All
have been called for
at
ofice
No.
26—General
warrants
on
or
interest payment
any
thereafter
prior to their re¬
spective maturities, at the option
of the County, at par and accrued
County (P.O. Brighton)
Warrants Called
are
1954,
date
COLORADO
3051
and 1945,
FAST, Secretary.
R.
J.
and
Feb.
$738,000 refunding warrants:
purchased recently by Blyth
& Co. and Kaiser & Co., both of
San Francisco, jointly, as iy2s, 2s,
2V4S and 2V2S. Due on Jan. 1, as
Broadway
:^v:-;New'York, June 26, 1943
in Nevada and Placer
Its primary business is
furnishing of water for power
were
1947.
Fund—
before
registerd
June 11, 1943.
Dist. No. 33—General
Nevada
interest, together with a premium
of 3V2% if redeemed in the year
1954, 3% if redeemed in the year
1955, 2V2% if redeemed in the
1956, 2% if redeemed in the
year 1957, and 1%.% if redeemed
in the year 1958. The bonds which
mature in the years 1960 to 1963,
year
inclusive, will be Subject to re¬
demption in the inverse order of
their maturities on May 1, 1958, or-
payment date
to
their
re¬
spective maturities, at the option
of the County, at par and accrued
interest together with a premium
of 3%% if redeemed in the year
on
interest
prior
any
thereafter
Fund-
O.
Grass Valley), Nevada County,
(P.
Irrigation District
never
turned up for refund¬
bonds
Act
issued
have
the
under
not
been
Futrell
presented
to
bonds, due serially from
1966, offered at prices to
of
The
99.00.
non-callable,
1967-71,
are
Jan.
1971-72
are
trict's
Bear
tract
Flat
posited
office
trict
Mr.
in
at
the
Board
dis¬
exchange for road
refunding
Storey
bonds
bonds,
said
improvement
"A"
Refunding
de¬
$78,900
district
have
Series
not
of
A.
road
is
designated
River
Canal
and
purchase price of the Gold
system of irrigation works.
construction
been
at par
1, 1945, also in
as
of
New for payment.
Another $59,800 of old road improvement dis¬
not
redeemable
the unpaid balance
enlarging the dis¬
pay
cost
will
Canal and
be
of
applied
the
to
refunding
sented to the paying agent
pre¬
Combe-Ohir
a
of
(First
The
of
the post-war
bonds
period
constitute
general
obligations of the district and
payable from
the
bonds
the
bonds
The
sewers.
new
will bear interest at 1%
taxes
on
rate
Most of the bond
to be used for
water
sewer
and will
of
$10,000
proceeds
are
sanitary and storm
construction
the
in
interest rate.
offering
at
awarded •; to
purchase
interest
be
td
lowest
the
cost, such cost to be determined
by deducting the total amount of
any premium from the aggregate
amount of interest upon all of the
bonds until their respective ma¬
No bid for less than all
turities.
of
bonds offered,
the
102 Vz
than
for less
or
and accrued interest
entertained.
Payment
Farmington Avenue-Corbin Ave-
will
nue-Pentlow
for the bonds must be made at the
Avenue
area
$75,915 worth of
sewers
installed to
a
tial
serve
new
development.
where
be
will
residen¬
About
$8,600
be
ville,
at
on
11
Bank, Jackson¬
National
Florida
or
a.m.,
before July 15, 1943,
and
an
Interim Be-
of this amount wil be collected by
the City in assessments against
benefiting property
the
owners.
INDEX
FLORIDA
York Stock
New
—
wil be received until
July
>
v
Offering
Sealed
10
a.
bids
m.
53
69
Exchange..
Exchange
Other Stock Exchanges......
V New York
*
Pensacola), Fla.*
Bond
Page
Quotations:
Escambia County (P. O.
the
for additional construction work.
been
tion
The
project.
issued in
bidder
$100,000
same
will
bonds
the
the
$1,500,000. The remaining
$430,000 of authorized bonds will
be
of
The
au¬
in bonds to finance the construc¬
Hill
portion of the Scott's
The $1,070,000 con¬
stitutes part of an authorized is¬
sue
issuance
the
at
proceeds, $887,000 will be
to
the
must bear the
The Com¬
■:
the district's third issue of bonds.
used
thorized
yearly.
flotation
Of the
—
Council is said to have
mature
on
Participating in the offering are
& Co.,
Weeden & Co.,
Thomas Kemp & Co.
The
Conn.
Britain,
Bonds Authorized
mon
and
order
Kaiser
balance
have
are
inverse numerical order.
of
and all bonds of any one
New
1949, and the 2*4s
1,
and after Jan.
on
bonds
the 2V4S, due
callable at par in in¬
numerical
verse
after
the Chase National Bank of New
bonds
21/2%
but
than three rates
maturity
may name more
CONNECTICUT
to
yield from 0.70 to 2.35%, and
$277,000 214 %' bonds, due from
1967 to 1972, which were placed
on the market
at a dollar price
of
ing under the 1934 Act.
About $40,000 of highway "A"
approving
and validity
bonds, and a certified copy
proceedings
the
26
A dividend of Twenty (20) Cents per share
has been declared on the capital stock without
'
the
that
1945
Refunding
Supervisor
Frank
A. Storey, Jr., who obtained a list
faith and credit of the city, and of owners from old
receipt stubs,
by the taxing powers of the city said he it attempting to call in all
heretofore, now or hereafter con¬ outstanding bonds of the 1934 is¬
ferred upon it by
law.
In the sued k His records show that $14,event that prior to the delivery of 000 of so-called Martineau road
the bonds the income received by bonds
issued in 1927 and
1931
ful bidder may, at
Sold
Warrants
2V2%
(State of)
taxes, and dues to the city.
Said bonds are secured by the full
relieved
cost
ARKANSAS
of all
private holders from bonds of the
same type and character shall be
taxable by the terms of any Fed¬
eral income tax law, the success¬
(P. O.
Centro), Calif.
$200,000 in 1946, and $338,000 in
that 3V4%
states
Arkansas
plus
accrued interest to date of deliv¬
COMPANY
1958, 3% if redeemed in the year
1959, 2V2% if redeemed in the
All
warrants
registered before year 1960, 2% if redeemed in the
funding gas distribution - system
year 1961, and IV2% if redeemed
April 6, 1943.
revenue bonds of 1941, Nos. 87 to
Calif.
Dist. No. 52—General Fund— in the year 1962.
100, are called for payment. Due
Bidders are requested to name
Bonds Offered for Investment— All
warrants
registered before
$7,000 on Aug. 1, 1960 and. 1961. A group headed by John Nuveen
the
interest
rate
or
rates, in
April 1, 1943.
The city will redeem and pay the
& Co. of Chicago, is offering for
'of" 1 %, and each
U. H. S. Dist. No. 3—General multiples of
amounts due, including principal,
public subscription a new issue of Fund—All
warrants
registered bidder; must specify in his bid
interest and call premium.
the amount and maturities of the
$1,070,000 21/2% arid 2V4% bonds. before June 11, 1943.
bonds of each rate.
No bidder
The flotation embraced $793,000
Called—Town
Bonds
The bonds will
not be sold for less than par,
ery
El
follows: $100,000 in 1944
ARIZONA
Safford, Ariz.
the net interest to the
city shall govern.
Imperial Irrigation District
for, payable to the city. All
bids must include accrued inter¬
bid
Bond Offering—Sealed bids
for the
Co.
LINE
PIPE
BUCKEYE
THE
year
a
of
bonds will be called in advance of
ALABAMA
$82,140
first
Counties.
Exchange
New
the
against
received by the district under its
revised contract with the Pacific
Sacramento
CALIFORNIA
DIVIDEND NOTICE
subject to taxation.
They are additionally secured by
a
prior
and
exclusive
charge
Unlisted
Langley Bell, Clerk
of the Board of County Commis¬
sioners, for the purchase of $1,345,000 bridge revenue bonds. In¬
terest rate is not to exceed 4%,
payable M-N. Denomination $1,000. Dated May 1, 1943.
Due on
are
May 1 as follows: $50,000 in 1948
all lands to 1950, $100,000 in 1952 to 1962,
74
79
Securities
Canadian Markets—Listed and
on
10, by
Curb
Unlisted
77
.;
City Department:
Proposals and Negotiations*.
General Corn, and Investment News.
Dividends Declared and Pavahle...
State
and
Bond
Redemption Calls and Sinking
Notices
The
Federal
Member
ment
of
—v.
Bank
Condition
Reserve
Banks
Clearings..,..
46
80
49
Statement
of
49
Banks
Condition
81
46
Fund
Exchange Rates
Combined
.
.......
Course
Foreign
41
"State¬
..
49
THE COMMERCIAL & FINANCIAL CHRONICLE
42
Due July 1, as
ceipt for all of the bonds will be
issued.
It is expected that the
definitive bonds will be ready for
in
delivery before Aug. 1, 1943. The
are registerable as to prin¬
cipal only.
t
.
: :
The bonds are being issued to
to
bonds
1962,
$8,000
and
1963.
in
$289,000
before
to
vately
turity at the option of Board
of Public Instruction on any
v
redemption
ma¬
Leslie
still outstand¬
are
■
IDAHO
School
•
District
(P.
Caldwell), Idaho A'/A
Bonds Voted—At
tion
the
Voters
a
are
•
(CWT),
m.
July
elec¬
to
bonds.:; Interest rate is not to
have
recent
said
2 p.
9, by Orie Browning,
O. County Clerk, for the purchase, of
$83,000 road and bridge refunding
on;
Caldwell
ceed
ex¬
31/2%, payable J-J.
Due on
follows: $1,000 in 1944
.
■
,
-
.
but in the
bidder shall
ance
with the instructions of said
refunding agents.
Interest ceases on date called.
Polk
Bridge'Dists. (P. O. Bartow), Fla.
Board
and
issue
to
deliver
the
Special
Details
Additional
Road
—
It
is
and
Mitchell
scribed
New
York
Enclose
a
will
certified
be
or
fication. A The tax
levied un-':
now
der the Constitution and Statutes A
State on gasoline, benzine,
naphtha and other motor fuel, in
Falls,
as
>
bonds are outstanding- and 'shall'
primarily be dedicated to the re- ;
tirenient A of said bonds - and in¬
terest thereon subject always to A
the prior charge on said tax of the A
.
bonds issued under the provisions i
of Act 219 of the
Regular Session
Legislature of 1928, Act 3 of V
of the
the Extra Sessions of the Legislature of 1930, Act 2 of the Regular
A
>
Session of the
Legislature of 1934,
of the Regular Session of
Legislature of 1936 and Act
Act 66
the
39
of
the Regular
Legislature; pf
of any
reason
Session of the
1938,
but
if
by'
exi¬
emergency or
specifically!
gency;; Athe>: funds
pledged for the retirement of said
bonds
then
should
the
insufficient,
prove
State
Treasurer
is
di-
[
A
rected and authorized by^ Act 377;
of the Regular; Session of the ?
Legislature of
other
of
revenues
Highways
to
1940
to
such1
use
of the Department
as may
A
be necessary >A
said
thereon.
bonds arid : interest *,
In addition to the above, '
the
faith
pay
full
State
and
credit
•
of
the '
are
irrevocably pledged for
the amount of the principal and
interest
on
There is
said bonds at
maturity.
controversy pending"
threatening the title of present
officials to their respective offices'
or the;
validity of these bonds. All;
no
or
bidders
,
must agree
to accept de¬
bonds in Baton
2s.
City Independent Sch. Dist.
(P.. O. Mason City), Iowa,
Bond Issuance Pending
The
Board' of Directors is said to be
Clerk of the
Board of County Commissioners
were
awarded
to
the
Bankers
that the $107,000 semi-ann. re¬
Commission.
ready to institute proceedings for Bond Co. of
Louisville, at a price
funding bonds sold as 4s, as noted the issuance of $80,000 refunding
of 103.00, a basis of about 3.15%.
Orleans Levee District» La.
here—v. 157, p. 2302—were pur¬ bonds.
Bond
Due on June 1, 1983, optional on
Dffering-^W, ; M; Duf4
chased jointly by Sullivan, Nel¬
and after June 1, 1953.
fourc, Secretary of the Board of
Melcher, Iowa
son & Goss of West Palm Beach,
Bond Offering —. Town Clerk
Commissioners, will receive sealed
and Welsh, Davis & Co. of Chi¬
cago, at a price of 103.793, a basis
of about 3.65%. The issues are de¬
of
Co. of Sioux
Mason
"
now
stated by the Deputy
bonds, the check will be returned.
Principal and interest payable
at
the
Florida
National
Bank,
Jacksonville, or at the Guaranty
Trust Co., New York.
The ap¬
proving ^opinion of Masslich &
furnished.
$10,000
refunding
purchased recently by
the First National Bank & Trust
and the proceeds
County
that
states
bonds were
fail to comply with the terms of
his bid, the check may be cashed
thereof retained
as
and for full liquidated dam¬
ages.
Whenever, such terms shall
have been complied with, or if it
shall be found impossible by the
"DD"
and
Series A "EE" •
merely for the purpose of identi-A
livery of the
Rouge, and to pay the purchase
accrued
interest, plus additional price thereof not later than Aug.;,
interest
of
2V2%, of the face 31, 1943, upon tender of the bonds
amount.
by the State together with the
opinion of Thomson, Wood & >
Perry County (P. O. Hazard), Ky.
Hoffman, of New York, approv¬
Bond Sale—The $131,000 3%%
ing the validity of the bonds. All
semi-annual road and bridge re¬
bids must be unconditional.
En¬
funding of 1943 bonds offered for close a certified check for
$11,000,
sale on June 18—V. 157, p. 2198—
payable to the State Highway
—
bid,
Series
'
•
his
more
than 3
coupon
The bonds will be marked
the amount of 4c per gallon, shall
continue so long as any of these
—
of
allowed to
designate
rates.
with stated- dates of maturity on
or after
July' 15, 1974, being call¬
.
the successful
considered,
be
of the
.
event
be
1953, $2,000 in 1954 to 1970 and
$3,000 in 1971 to 1983. The bonds
-
suant to the provisions of Section
$6,000 in 1956 to 1961; and sold.
157a of the Kentucky Constitution
$7,000 in 1962 and 1963. All
bonds maturing on and after Humboldt Township (P. O. Hum¬ and. statutes
enacted " pursuant
boldt), III.
hereto.
Bid forms and other in¬
July 1, 1954, are subject to
Bonds Voted—At a recent^ elec¬
formation may be obtained from
redemption before maturity
"at the option of the Board tion the voters are said to have the County Clerk.
Enclose a cer¬
;
of Public Instruction on any approved the issuance of' $200,000 tified check for $1,500.
"
interest payment date on and road improvement bonds.
McCreary County (P.. O. Whitley
after July 1, 1953, at par and
Plymouth School District No. r196
City), Ky.
accrued interest.
(P. O. Plymouth), III. /
Planned — The
Refinancing
9
Bonds Authorized—The ? Board
Plant City, Fla.
County
Fiscal Court has
an-*
of
Education
is
said
to
have
% Bond Call — It is stated by J. B.
npunced
its plans
to refinance
Court.. The successful bidder will'
Peeples, City Auditor and Clerk, passed a resolution calling for the $113,000 road and bridge bonds
not be required to make payment
that refunding bonds Nos. 1 to issuance of$9,094.29 bonds to pay and to issue bonds to pay debts iii
for the bonds unless prior thereto
and including No.
1142, to the outstanding orders and- teachers' outstanding warrants- and claims
the Supreme Court shall have af¬
amount of $846,900, are called for salaries.
totaling $39,000.
firmed said decree and the bridge
^
shall
have
been
leased
to the payment on August. 1.
INDIANA
Madisonville, Ky.
Dated Aug. 1, 1936.
Due Aug.
State Road Department in accord¬
■>u Bond Sale Details
The City
Richland Township School Town¬
1, 1966.
ance with the provisions of said
Clerk now reports that the $42,A Said bonds will be redeemed at
ship (P. O. Newton), Ind.
resolution,
000 school refunding bonds sold to
their par value and accrued in¬
Bond Sale—The $11,000 semiThe Board reserves the right to
,W. L. Lyons & Co. of Louisville,
terest to date called, on presenta¬ ann. building bonds offered for
offer .the bonds at auction, after
iat. 103.00—V. 157, p., 2302—bear
tion of the bonds with all ap¬ sale on June 23—v. 157, p. 2099—r
the opening of sealed bids, but
'2%% interest, payable J-J, and
purtenant unpaid coupons
at¬ were purchased by the Fountain
only those filing sealed bids will
mature" on June
1
as
follows:
tached thereto at Guaranty Trust Trust Co. of Covington,A asA114s,
be permitted to bid at such auc¬
$2,000 in 1944, $3,000 in 1945 to
Co.,-New,York City,
paying a price of 100.77, a basis
tion.
Award or rejection of bids
1948. $4,000 in 1949, $3,000 in 1950
Holders of said bonds who may of about: 1.12%. Due on July 1,
will be made promptly on the
and 1951, $4,000 in 1952 and 1953,
have previously agreed with the 1944, and qnyJanA and ■ JulyA 1 in:
date above stated for receipt of
$3,000 in 1954, $4,000 in 1955, and
'city's refunding .agents to. ex¬ 1945 to Jan. 1, 1955.
§
bids and the checks of unsuccess¬
$3,000 in 1956. Subject to redemp¬
ful bidders will be returned im¬ change them for City of Plant
tion at any interest due date in
IOWA
City, Fla., Refunding bonds, Is¬
mediately. The check of the suc¬
inverse numerical; order, upon 30
sue of 1943, may do so by sur¬
Alton, Iowa
cessful bidder will be held undays' published notice, at par and
Bonds Sold
The Town Clerk
cashed as security for the per¬ rendering said, bonds in accord¬
formance
will
bidder will
to
'
;
ILLINOIS
.as
but it is
expected that the bridge
will be leased by the Board to the
State
Road Department
of the
State as permitted by said resolu¬
tion.
Said bonds and the provi¬
sions of the authorizing resolution
were
validated
by
a"
decree
rendered by the Circuit Court of
the County on June 21, 1943, and
an
appeal from said decree has
been taken to the State Supreme
issue
no
construction* bonds.
payment date on and
after July 1, 1953 at par and
AA
;
No bid for less than the
entire
July, 15
accrued interest,
Hair wood Township (PJ' O. ' Lud~
able at the face amount, plus ac¬
100,000 Spec. Tax School Districtlow), III.
No. 16 bonds at 102.07, a basis
crued
interest on
any
interest
Bonds
Sold ^ The
Township
of about 3.70%.
Due July 1, Clerk
states
that
$48,000 road payment date on or after July 15,
; as follows:
1948.
$4,000 in 1944 to construction bonds approved
Payable: at the Louisville
by
1949, $5,000 in 1950 to 1955, the voters in April, have "been Trust Co., Louisville. Issued pur¬
i
mitted.
and
approved the issuance of $54,000
interest
.
County (P. O. Hyden), Ky.
Bond Offering—Sealed bids will
■
be received until
after
pay
the cost of acquiring the pri¬
owned toll bridge across
Pensacola
Bay
connecting Es¬
cambia County with Santa Rosa
County, and are issued under a
Resolution adopted by the Board
of County Commisisoners on May
20, 1943, copies of which may be
.obtained from the above Clerk.
Principal and interest of said
bonds will be payable solely from
the net revenues of the bridge,
1952,
ing.
bonds maturing on and
July 1, 1954, are subject
All
v
'
■
follows: $3,000
1944, $4,000 in 1945 to 1949,
Y: $5,000 in 1950 to 1954, $6,000
in 1955 to 1959, $7,000 in 1960
:v-
Monday, July 5, 1943
Thomas
LOUISIANA
Spolar states that he will
receive bids
until
July 8, for. the
bids until 11
29 for
(CWT)
a.m.
July
on
the purchase
of $2,906,000
not to exceed 3 % interest repara¬
Louisiana (State of)
purchase of $13,000 water system
Bond Offering — Sealed bids
as follows:
bonds, approved by the voters on will be received until 11 a. mu tions refunding; issue of
1943
$33,000 Dist. No 3 bonds. Dated
June 16. Dated July 1, 1943. Due
Dated Aug. 1, 1943 and'
(CWT), on Aug. 3, by D. Y. Smith, bonds*
Jan. 1, 1941. Due on Jan. 1 in
on Nov. 1 in 1946 to 1962; optional
Director of Highways, for the pur¬ due serially on Aug. 1 from 1947
1957 to 1960 incl.
on Nov. 1, 1953.
chase of $1,100,000 coupon or reg¬ to 1965 inclusive.
Redeemable in
6,000 Dist. No. 1 bonds. Dated
istered highway bonds.
Interest inverse numerical order on any*
July 1, 1942. Due on Jan. 1,
Rockwell City, Iowa
rate Is not to exceed 5%, pay¬ interest date to and including Aug.
1956.
Bond Sale
City Clerk C. O. able
J?J. The bonds are divided 1, 1953, at par plus a premium of
28,000 Dist. No. 10 bonds. D&ted Dixon states that
$25,000 street •as follows:
5%, and thereafter at par but
July 1, 1942. Due on Jan. 1,
improvement bonds were offered
'.'A
A-A;RA/
without premium.
1956.
$1,000,000 Series DD bonds. Due
f
,
,
bank cashier's
check
for
payable, unconditionally
County.
funding
bonds
—
of
Beach, Fla.
The
1943
aggregating
fered for sale
on
-
.
Jacksonville
Bond Sale
■-
$26,900,
to the
,
following re¬
semi-annually
$360,000,
of¬
June 28—V. 157,
—
.
19,000 Dist. No.
July 1, 1942.
2397—were awarded to the
Clyde C. Pierce Corp. of Jackson¬
a price
of about 3.48%:
of 101.142,
a
•
,:.v
Due
.
on
Dated
-
84,000 3% Series B bonds.
Due
July 1 in 1946 to 1952.
Bank, Jacksonville.
21,000 Dist. No. 14 bonds.
July 1, 1942. Due on Jan. 1,
1956.
Denom. $1,000
Prim and int.
(J-J) payable at the Irving: Trust
Co., New York.
Spec. Tax Sch.
DUts. (P.O. Brandenton) Fla.
nually
The 4% semi-an¬
refunding
bonds
aggre¬
gating $207,000, offered for sale
June 28—-V. 157, p.
lease. According to
reports, the County Trustees
have
entered
with
the
into
State
an
28
and
were
On
awarded to
son
a
.
1943.
Due
on
Nov.
1
as
1945, $2,000 in 1946 to
1948, $3,000 in 1949, $2,000 in 1950,
$3,000 in 1951, $2,000 in 1952, $3,000 in 1953, $2,000 in 1954, and
$3,000 in 1955. Legality approved
by Chapman & Cutler of Chicago;
What
Cheer), Iowa
.
•
Bond Election—The issuance of
$10,000 construction bonds will be
submitted to the voters at an elec¬
tion scheduled for July
8, it is re¬
ported.
:
assumes
under
Series EE bonds.
Note
$25,000 on July 1 in 1947 to
inclusive.
Denomina¬
offered
"1950
tion
Dated
$1,000.
July
1,
1943.
The bonds
maturing
on or
after
1949 shall be callable at
par and accrued interest to date
fixed for redemption on July 1,
1948 or on any interest payment
date thereafter at the option of
July 1,
In the event bonds are
the State.
called for
redemption, notice is to
be
by publication in New
New York, once a
given
Orleans
week
and
for
three
publication
KENTUCKY
to
fixed
date
to
the first
days prior
redemption.
weeks,
be
30
for
Principal and interest payable in
lawful money at the State's fiscal
which
agency
the
Frankfort, Ky.
Local
Utility
Purchase
Ap¬
proved—The Court of Appeals is
all
finance the action.
The proposal
has already received the approval
of the City Council and of the
Associated
York,
Electric
Co.
of
New
of the Tri-City Util¬
ities Co., which operates the city's
plants. A • ;
^
* > \
owner
MASSACHUSETTS
Due
100,000
$1,000 in
What Cheer School District (P. O.
July Las follows: $25,000
1947 to 1959, $500,000 in
1960, and $175,000 in 1961.
follows:
liability for debt said to have approved the city's
service
payments, operation, plan to purchase the local light
and water plants for the sum of
maintenance, etc.
The
bridge has • been under $1,200,000 and to issue revenue
yearly lease to the State for sev¬ bonds in that amount in order to
State
in
-
& Curtis
agreement y
2098—were
syndicate composed
of Shields & Co., Allen & Co.,
eral years, but proceeds of these
both of New York, and Leedy,
annual leases have been short of
Wheeler & Co. of Orlando, as fol¬
the amounts necessary to cover
lows: 1•
A,,v'
debt service. Latest reports indi¬
cate that of
$107,000 Spec. Tax School District
$310,000 Memorial
No. 15 bonds at a price of Bridge refunding bonds issued in
102.10, a basis of about 3.71%, 1941, maturing serially to Jan; 1,
on
awarded to
June
long-term
press
a
-.
Manatee County
—
on
Paine, Webber, Jack¬
of Chicago, as IV4S,
paying a price of 100.88, a basis
Dated
of about 1.13%.
Datedy july 1;;
Jan. 1,
Putnam County Special Road and
120,000 3y2% Series B bonds. Due
Bridge Dist. No. 7 (P. O.
on July 1 in 1953 to 1959.
AA
PaUukd), Fla.
120,000 4% Series B bonds. Due
State Assumes Responsibility of
on
July 1 in 1960 * to 1963;
Memorial Bridge Bonds—The Me¬
bonds maturing in 1963 being
morial Bridge, built through the
subject to call on and after
proceeds of an issue of bonds
July 1, 1953.
floated
by
the
above
district,
,;A Denom. $1,000.
Dated July 1, which is coterminous, with Put¬
1943. Principal and Interest (J-J)
nam County, is being taken over
payable at the Florida National by the State Road Department on
Bond Sale
sale
.
1946.
on
,
1956.
basis
$ 36,000 3% Series A bonds. Due
/
$12,000 on July 1 in 1944 to
.
*
for
p.
ville, at
t
'•
12 bonds.
or
in the City of New York,
State Treasurer's office.
at the
The bonds will be awarded to the
bidder
offering
than par
to
take
interest
amount
will
be
to
pay
not
less
and accrued interest, and
the bonds at the lowest
cost to the State.
The
of any premium offered
deducted from the total
amount of interest to be
the State
paid by
at the rate or rates of
Maiden, Mass.
Sale—The $250,000
for
sale
on
June
157, p. 2398—were awarded to
Goldman, Sachs & Co. of New
York, at 0.487% discount. Dated
June 30, 1943. Due on May 5,1944.
Runner-up in the bidding was
the
Second
National
Bank
of
Boston, offering 0.493%.
Massachusetts
(State of)
Note Sale—The $2,500,000 notes
offered for sale on June 25, were
awarded to the First Boston
at
0.35%,
plus
of $10.00.
Due in 1
Corp.
premium A
year.
Among
a
the other bids received
were
the
following:
First National
Bakers Trust
New
Bank, Boston .369%
Co.,
York,
Boston Safe Deposit & Trust
Co., and
Day Trust Co., Boston,
jointly,
(Plus $19.00)
Salomon Bros. &
.38%
Hutzler,
(Plus $79.00)
.39%
Somerville, Mass.
Temporary Loan —£ City Treas¬
urer
John J. Donahue states that
specified in the bid, in a $500,000 temporary
on
June
28
determining the best bid sub¬ offered
interest
notes,
30—v.
loan
was
and
was
Volume
158
Number 4191
;
THE COMMERCIAL & FINANCIAL CHRONICLE
*
awarded to Leavitt & Co. of New
Due on Jan. 25,
York, at 0.47%.
1944.
,
Notes
Sold—The
enue
28,
offered
notes
June
Bankers
$500,000
Sealed Tenders Invited
lage
will
Clerk
7.30 p.
m.: (EWT),
interest
1937, maturing
The amount
1947.
'July 13, of
on
refunding/ notes,
Nov. 1
fund
sinking
on
dated
Nov. 1,
hand in the
on
the retirement
$5,817.50.
for
of -said notes is
Detroit, Mich.
r
Bond
until
tenders
sealed
receive
Vil¬
—
Burbank
H.
Stanley
1926.
15,
Due
to
1.944
in
Bids
may
June
June' 15,
on
1953.
placed
be
all
on
or
Co.;
Coffin
Hornblower
&>
Harvey / Fish
Stern
City
—
Controller Charles G. Oakman
Sons;
Co.; Kal- • / :
man.
&
Co.;
Merrill
Lynch, Pierce, Fenner &• /
Beane; and Fox, Reusch •
& Co., jointly-_--_-_-___ 118.2229
Chase National Bank,
Chicago; First National.
Bank, Chicago; Northern
Trust Co., Chicago; Blyth
&:/ Co.;City
National >
Bank & Trust Co., Kan¬
said
.
'bids
or
Commission proposes
to invest the
received from the sale of
money
these bonds in United States Gov¬
ernment bonds due in 1948.
/
■
/
Ypsilanii, Mich.
Bond Offering—Sealed bids will
be received until 7.30 p.
m.-(EST),
on
that he will receive of¬
Offerings shall show the pur¬
pose, the rate of interest, date of
maturity, dollar value and the
optional by the city on any one
cr more interest payment dates at
yield.
'•
accepted
be
will
on
the basis of the highest net yield
to the
city
computed from the
as
dollar price as of July 7, 1943.
.No bonds maturing beyond 1959
will be accepted.
All
and accrued interest, together
with
:
Offerings
par
of said
bonds will be
1960.
premium of 2 % of such par
a
value.
ing bonds shall be called for
demption*
re¬
.
bonds
purchased which are de¬
livered subsequent to July
14,
1943, to pay accrued interest up
Bond
•
funding
bonds
June 30
were
$265,000
of
1943
awarded to
dicate composed of H. V.
•&- Co.,
re¬
offered
syn¬
*Crouse, Bennett, Smith1 &
all of Detroit, on a bid figuring a
net interest cost of about 3.188%.
issue
Full details of the
V
given in
a
were
previous issue.
Summit Tp. $ch. Diet. No. 8, Mich.
Bond Call—It is reported that
F. L. Yoss, Secretary of the Board
of Education, is calling for pay¬
ment
Aug. 1, at par and ac¬
on
crued interest, refunding, series A
of 1935, bonds numbered 47, 52,
55, 59, 62 and 63, dated Aug. 1,
1935, maturing on Aug. 1, 1965,
redeemable on any interest pay¬
ment date, on 30
the
place of
bonds.
the
days' notice, at
payment
Interest
named
ceases
in
on
Troy Tp. Sch. Dist. No. 2, Mich.
Sealed Tenders Invited—Direc¬
-
N.
tor
R.
bonds
117.479
•
Barnard
will
of
Bank
(P. O. Man-
is
Boston
said
Ripley & Co.,
tendered
v
by
a
First
the
Bank of Boston..
National
'
•
June
held
City,
bonds
may
principal
on
be
only.
117.418
'—
be in multiples of Vi of 1%:
Principal and interest payable at
Treasurer's office.
No
to
the City
following
proposed refund¬
Mr.
the
Jones,
Russell
Commission
of
,Z*
./•
♦
Auditor Korb
appeared before
the
for
Clerk
reports that the $150,000 re¬
discussing
a
purpose
the issuance of
gating
the
clair
of the
somewhat along
so-called
Mont-
plan with maturities running
from
1950
to
These bonds
1955.
will be sold at
public sale and the
proceeds used to retire bonds ma¬
turing from 1944 to 1949, inclu-v
The over-all increased cost
sive.
will be
$26,467.50, with is¬
aggregating $1,000
$1,100, which issuing expense
suing
or
some
expenses
will be met out of
-
proposal for less than all of the
bonds
will
considered.
be
The
bonds will be awarded to the bid¬
der whose bid
produces the low¬
est interest cost to the
City after
deducting the premium offered/if
In determining the net in¬
terest cost, interest on premium
in
Musselshell County
(P. O.
Roundup), Mont.
the
Board
of
he
Invited—It is
Webb, Clerk of
Commis¬
County
receive
sealed tenders of
1935 refunding
bonds and certificates of indebt¬
will not be considered
tible.
from
Interest
July
dates.
will
18,
1943
to
maturity
but
little
be
may
in the*
Thus, the borough must
some
source
relief until such time
the foreclosed property held by
the
borough
Delaware
be disposed of."
can
River
Commission
Joint
(P. O. Camden), N. J.
Bond Refinancing Voted
It
—
is stated that the vote of the above
Commission to refinance $35,703,000
in
bridge bonds
totaling $37,-
outstanding
and issue
new
bonds
000,000 to effect
a
saving of ap¬
taken
was
of
recom¬
upon
Costello,
Joeph K.
\,,
'
urging the refinancing, Cos-
general manager.
In
tello said:
r
"The
:
»
bond
market
is
now
at
After extensive consulta-,
peak.
tion with
the
our
bond counsel and in
circles
both
in
Phila¬
opinion that the Commission
refinance today to effect: a
can
marked saving.
a
current bud-j
mind, and the consents which
had already secured did not
give the relief which the borough
felt
was
There was
needed.
ex-,
tended discussion with respect to
17
1
,
of actual bridge opera¬
course, the impact of
and restrictions on gasoline
years
tion.
war
Of
materially reduced traffic/
Yet, only iq January and Febru¬
ary, the worst months of the year
for bridge business, have receipts
have
of
the
short
fallen
structure
of
operating expenses and debt ser¬
vice charges.
March, April and
May showed small surpluses. As
May 31, the operating deficit
was reduced to $25,053.
/,/■■:/
"The investing public realizes
that the falling off in traffic is
due solely to the needed but en¬
tirely artificial restrictions of the
of
When gasoline and
free, the bridge,
unlike almost any other industry,
need make ho adjustments to ac¬
commodate its regular business
flow.
There is here no problem
present day.
rubber
of
are
set
expensive conversion."
Costello recommended that the
Commission
its
retain
$6,223,000
sinking and surplus funds.
collections, the disposition of
foreclosed property, tax sales, etc.
sioners, that the Board will meet
on Aug. 4, at 10 a.m., for the pur¬
In response to a question, Mi'. Korb
pose
of receiving, opening and
stated that he believed the bor¬
acting upon tenders for the sale of
outstanding refunding county ough would receive a bid of 2M>%
or better at a public sale of this
bonds of March 1, 1937, at prices
issue and he was of the opinion
less than
par.
that
some
this
NEBRASKA
time.
out
'
be computed
Bids shall be conditioned
result that
tax
deduc¬
as
the
expected from this
,
bonds aggre¬
new
$135,000
lines
new
headed
stated by Delia E.
borough's debt, have been
wherever possible, with
collected
refunding
"Commission
bonds
enjoy,: a
proposal for the Borough of Ber- most excellent standing in the
genfield.
This proposal involves .investment world, founded upon
District
Sealed Tenders
several
assessments,
analysis were
delphia and New York, I am of
and
Bay St. Louis, Miss,
June 7, 1943. The
registered as to
Rate of interest
of the
on
funding bonds sold to a syndicate get appropriation, /
"The
by Edward L. Burton &
borough representatives
from the revenues of the hospital
Co; of Salt'Lake City, as 1.40s, at explained that this plan was in-:
known, as Beyei; Memorial Hos/
a
ice ;qf 100.35—-V. 157, p. 2398--- tended to supersede the one pro¬
pital, located in said City, and the
are due $10,000 from July J, 1944
posed /byWilder M. Rich, of
bonds are issued pursuant to the
to 1958; redeemable in full from
Campbell, Phelps & Co., and in
provisions of Act No. 94 of the
and after 7 Vz years from date of
response to an inquiry, explained
Public Acts of Michigan for 1933,
issue, giving a basis of about that Mr. Rich found it impossible
as
amended, and an ordinance
1.345%.
to complete the plan which he had
adopted by the Common Council
of the
past
financial
"Mayor
Phillips
Co.,
: &
Moody,
Jurdn
Maturity—The
the
final
ing of indebtedness by the above
MISSISSIPPI
now
the
contained
to
of the Lo¬
Board
the
special
named borough:
Hopwood;
jointly
14
relative
neapclis; Milwaukee Co.;
& Co.; Piper,
J. M. Dain
/
Government
in
the
in
mendation
cal
up.' The records in¬
that
these
i
interest,
NEW JERSEY
Minneapolis; Northwest¬
ern National Bank, Min-;
be
to
proximately $400,000 annually in
Bergenheld, N. J.
Proposed Debt Refunding—The
minutes of the meeting
amounts
responsible for considerable part
to
premium of $4.00.
Due on Dec. 15, 1943,
The only
other bid was an offer of 0.42%,
0.40%, plus
-
and
dicate
as
Chester), N. H.
sizable
'dried
future.
.
//
redemption. The prin¬
cipal of' said • bonds and, the in¬
terest thereon are payable solely
$450,000 2%% serials maturing
$414,000 3%%
at
so
for
1941
in
have purchased $400,000 tax notes
any.
date called.
'
the
issued
were
.
a
Sattley
and Miller, Kenower' & Co/
Co.
called
of
out¬
V\
Notes Sold—The Merchants Na¬
be
holder
issue
the
\iillsborough County
•
Inc.; Phelps, Fenn-& Co.;
Lazard
Freres
& ' Co.;
of
amount
standing is stated to be $846,000.
tional
"
order.
istered
Sale—The
The
unavoidable.
appears
produced
applied to the retirement of bonds
secure
Notice of redemption shall
Bonds Sold—It is reported that
given by publication at least *$20,000 4%
semi-annual fund¬
60 days prior to the date of re¬
ing bonds were "purchased recently
demption at least once in a news¬ by the Merchants Bank & Trust
to that date only.
paper of general circulation in the
Co.
of
Bay St. * Louis.
Dated
shall
remain
firm City, and in a publication circu¬ March 1, 1943.
Offerings
until 1:00 p. m.
lated in the State, which carries as
(EWT), of the
a part
following day.
of its regular service no¬
MONTANA
tices of sale of municipal bonds,
Lake Township School District No.
Gallatin County Sch. Dist. No. 7
and by written notice to any reg¬
1 (P. O. St. Clair Shoret), Mich.
(P. O. jBozeman), Mont.
/
The city reserves the right, on
..
which
principal
NEW HAMPSHIRE
one
any
in
term bonds due in 1963.
"
interest
payment date, then such redemp-.
lion shall be in inverse numerical
ony
years
.
C5ty; Harold E; Wood
Co.; * Park - Shaugh•nessy '&/Co.; Bigelow,
Webb'& Co., and Woodard-Elwood & Co., joint¬
Caldwell,
If less than all of the outstand¬
,
largely brought
bridge out of service three weeks
in April and May, reduced rev¬
to the point where a default
enue
as
&
&
were
have
.
Jaffray
borough
collections which have heretofore
falling
in 1943 to 1957 and
ferings on July 7, at 10 a.
Mercantile
Commer c e
(EWT), of non-callable bonds in bonds. Interest rate is not to! ex¬ Bank;& Trust Co., St.v
the
amount
of
approximately ceed 4%, payable J-D. Denomina¬ Louis; /• First National
$302,000
for the City Sinking tion $1,000. Dated June 15, 194$.' Bank, St. Paul; First Na¬
Fund, Water Board Division, un¬ Due $6,000 from June 15, 1945 to tional Bank & Trust Co.,
der the following conditions:
the
about by the fact that assessment
sas
Harriman
default
due
These bonds
York; National City
Bank, New York; Harris.
Trust,& .Savings Bank,
ly
probable
1, 1944. It is stated that war¬
time restrictions in travel, coupled
with the flood which
kept. the
& Burr;
Weeks;
&
the
maturities
Jan.
&
Bros.
of
serial-
on
bids; to waive irregularities in
bids and to accept the bid
which in its opinion is
most favorable to the City. ,;The
all
July 19, by Harvey C. Holmes,
City Clerk, for the purchase of
m. $96,000 - coupon hospital revenue
an¬
nition
,
New
->•
■
Offerings Invited
nounces
Corp.;Dick
Merle-Smith; Eldredge
&
part of the bonds offered.
The
Municipal
Service
Commission
reserves the right to reject any or
Allen Park, Mich.
v
works . ex¬
water
tension -bonds. / Dated
Due on Dec. 17, 1943.
MICHIGAN
v
4i/2%
64,000
on
the
to
plus a premium
at 0.36% discount,
,
$108,000 5% water works extension
bonds. Dated Dec.
1,
*.' •
1918. Due on Dec. 1, 1948. ' ;
of New York,
Co.
Trust
of $13.00.
sale
for
awarded
were
rev¬
Securities;
&
$172,000:
/;
Worcester, Mass.
;
the : city'/aggregating
of
bonds '
43
Bond
annual
for
sale
Lincoln, Neb.
Sale—The
offered
June 26—V. 157, p.
on
was
Mayor
the
everything
$266,000 semi¬
bonds
refunding
that
relief
to
at
Linden, N. J.
.
*
)
///J
The City
Council is said to have passed on
Passed
final reading an
—
ordinance amend¬
ing an ordinance calling for the
issuance
,
of $17,000
storm sewers
bonds and notes.
/
:
t
Jones pointed
has done
keep its
at a minimum
borough
possible
operating expenses
and
essential
/• ;■ /
Ordinance
to
dispose
of
foreclosed
property.
He further stated that
the borough was experiencing no
war. boom,
but was composed
mainly of white collar workers
Jersey (State of)
Award of Bonds Held in FundNew
It is
reported by John A. Wood,
3rd, Secretary of the State Teach¬
ers' Pension and Annuity Fund,
that of the various blocks of fully
the unqualified legal opin¬ 1995—were awarded to the First
Miller, Canfield, Paddock National Bank of Chicago, as Is.
edness, dated Aug. 15, 1935, until
registered State of New Jersey
& Stone of Detroit, approving the
Aug. 2, at 7:30 p.m. Prices must
paying a price of 100.57, a basis of
municipal bonds aggregating $1,The cost about 0.855%. Dated
be quoted flat and bonds and cer¬ legality of the bonds.
July 1, 1943. who were not benefited from the 958,000, offered for sale on June
tificates purchased should be de¬ of such opinion and of the print¬ Due
$26,600 from July 1, 1944 to present
30—v. 157, p. 2399—a total of $1,high wage prevalent in
livered- to the Detroit Trust Co., ing of the bonds will be paid by 1953; optional at any time after
some
Bergen County communi¬ 862,000 were sold as follows:
City.
Enclose
a
certified
Detroit, within 10 days from date the
July 1/ 1948.
A group headed by Goldman,
ties.
check for 2%, payable to the City
of acceptance.
The $64,650 Special Assessment
"In response to a question, it Sachs & Co. received the largest
Treasurer.
District imp't bonds offered for
was
indicated that the borough award, $617,000 Bloomfield, New
Troy Tp. Sch. Dist. No. 6, Mich.
sale on June 26—V. 157, p. 2100—
would agree to make certain of Jersey, 4V4, 4!/2 and 4%% regis¬
Sealed Tenders Invited
Dis¬
MINNESOTA
were awarded jointly to the Har¬
the bonds callable with the idea tered bonds, due 1961-69, on a
trict Secretary Elmer M. Scroeder
ris Trust & Savings Bank of Chi¬
St. Paul, Minn.
< !
that the proceeds of the sale of bid of 138.50. The bonds are be¬
will receive sealed tenders of 1937
Sinking Fund Bonds Awarded— cago, and the First Trust Co. of foreclosed properties and. tax title ing reoffered at prices to yield
certificates of indebtedness, dated
The
various
bonds
offered
,
by Lincoln, as Is, paying' a price of lien redemptions would be applied 1.85% to 2.15%.
Sept. 1, 1937, until July 12, at the
Barr Bros, and associates re¬
Sinking
Fund
Committee, 100.189, a basis of about 0.96%. to the calling of some of the last
9 p.m.
(EST). Offerings should
Dated July 1, 1943.
Due $6,465
ceived the' award of $320,000 vari¬
aggregating $6,656,000, were
maturing bonds.
There was dis¬
state - certificate
numbers, their
1, 1944 to 1953 in¬ cussion as to the effect of this ous Essex County issues on a bid
awarded on June 25 to C. J/ De- from July
par
value and the amount for
■'<'
/ /
■;
vine & Co. of New York, at a price clusive.
; procedure on the marketability of of 142.69; $116,000 East Orange
which they will be sold to the
of 118.9349.
the bonds, and there was further bonds on a bid of 119.529; $117,000
Nebraska City, Neb.
above district.
•
Among other bids for the of¬ ; Refunding of Bridge Revenue discussion as to the need of the Maplewood Township, 137.082 bid;
ferings were:
Bonds
Authorized — The
Wyandotte, Mich.
v
City refunding plan', it being pointed $29,000 Freehold, 142.37 bid and
upon
ion
v
of
—
v
.
,
•
"
.
,
.
(
.
•
of
Bonds
Municipal
will
receive
p.jrh.
on
City
'
Offered
Service
July
—
The
Commission
Union Securities Corp.
of New
York; Goldman,
sealed bids until 8 Sachs & Co.; R. W. Press
prich & Co.; Equitable
12, for the following
out that the Commission was not $47,000 .Montclair
on
a bid of
.•-./
•;
resolution for the re¬ enthusiastic about approving re¬ 136.68.
Chase National Bank and asso¬
funding of bridge'revenue bonds;- funding at this time. However, it
•'//Z/'.jz this actiorTresultihg from recog¬ did appear that the problems of ciates were awarded $334,000 Pas-
Commission is said to have adopt¬
Z
^
ed recently a'
(Reg. U. S. Patent Office)" William B. Dana Company, Publishers, 25 Spruce.St., New York 7, N. Y., BEekman 3-3341. Herbert D. Seibert, Editor and publisher;
Dana Seibert, President; William D. Riggs, Business Manager.
Published twice a week [every,Thursday (general news and advertising Issue) with a statistical issue on Monday]. Other
Chicago—In charge of Fred H. Gray, Western Representative. Field Building (Telephone State 0613). London—Edwards & Smith, 1 Drapers' Gardens, London, E.C. Copyright 1943 by William
B. Dana Company. Reentered as second-class matter February-25; 1942, at the post office at New York, N. Y., under .the Act of March 3, 1879.
Subscriptions in United States and Possessions,
$26.00 per year; in Dominion of Canada, $27.50 per year. South and Central America, Spain, Mexico and Cuba, $29.50 per year;. Great Britain, Continental Europe (except Spain), Asia, Australia
and Africa, $31.00 per year. NOTE: On account of the fluctuations in the rates of exchange, remittances for foreign subscriptions and advertisements must be made in. New York funds.
The Conimercia! and Financial Chronicle
.William
offices:
THE COMMERCIAL & FINANCIAL CHRONICLE
44
saic County
of
bid
Inc., and
on
Co.,
110.24
of
bid
a
Collings
Co.
was
Woodbury
$24,000
3V4S
123.77;.
bid of
a
on a
received $26,000
group
C.
C.
awarded
on
Arrowsmith
2%s
Carteret
and
4V2S, due 1961-68
140.72.
&
.
Smith, Barney & Co. and associ¬
ates
received
:
Union
$232,000
County issues, with rates from 4
to
4V2%
to
1974, on a bid of. 143.885.
and maturing from 1961
Passaic
Twp. (P.O. Stirling), N. J.
Bond Offering—Sealed bids will
be received
until
8
p.m.
(EWT),
July 8, by Charlotte P. Rich-
on
ter, Acting Township Clerk, for
the purchase of $19,000 coupon or
registered sewer bonds. Interest
rate is not to exceed 6%, payable
J-D. Denom. $1,000.
Dated June
1,1943. Due on June 1, as follows:
$4,000 in 1944, and $5,000 in 1945
Rate of interest to be in
1947.
to
a
multiple of % or l/0th of 1 %,
the
be
and must
for all of
same
City, for $12,500, "City of Canan- National Bank, and the First Na¬
daigua, 41/4%, .$14,462.50;:: $5,000, tional Bank & Trust Co., all of
Union, 4 1/10%, $5,539.50. Muskogee, as D/ss, paying a price
Hempstead Sanitation Dist. No. 2
C. E. Weinig, White & Co., Buf¬ of 100.099, a basis of about 1.11%.
(P. O. Baldwin), N. Y.
falo, for $13,000, Town of Chazy, Due $15,000 from 1946 to 1952, and
Bonds Voted—At a recent elec¬
4%, $14,310.90; $14,000, Town. of $20,000 in 1953.
tion the voters are said to have
Ephratah, 414%, $18,010.18.
Pauls Valley, Okla.
approved by-a wide margin the
White,. Weld & Co., New York
Bond Election—The City Com¬
issuance of the following bonds
City, for $10,000, Town of Hemp¬
mission is said to have called an
aggregating $19,000: $15,500 build¬ stead 414%, $11,028;
election for July 6 to have; the
ing purchase, and $3,500 land pur¬
Halsey, Stuart & Co., New York
voters pass on the issuance of
chase bonds.
City, for $166,000, Town of Salina,
$35,000 airport bonds, to be used
42/10%, $202,022,
in connection with a Government
Herkimer, N. Y.
Bond Sale — The $15,000 reg¬
Pleasaniville, N. .Y,
project.
Bond
istered general fund bonds offered
Offering—Village Clerk
Verden School District (P. O.
June 30 were awarded to Halsey, will receive sealed bids until 10
Verden), Okla.
Stuart & Co., Inc., New York, as a. m. on July 9 for the purchase
100.217
V/zS, submitted by Hal-
on
Stuart & Co., Inc.
sey,
Town of
the
bid
amount
the
for
bonds, which shall be not less
than $19,000 nor more than $20,000.
As between legally accept¬
able proposals specifying the same
of
rate
be
sold
interest, the
to the bidder
bonds will
complying
with the terms of sale and offer¬
ing to accept for the amount bid
the
least
amount
of
the
bonds,
bonds to be accepted being those
first
maturing,
more
bidders
and
offer
to
if two or
accept the
least
amount, then to the
bidder offering to pay therefor
the highest price. The purchaser
same
also pay an
the interest on
must
amount equal
to
the
bonds
ac¬
crued to the date of payment of
the purchase price. In the event
that prior to the delivery of
bonds the
income
received
the
by
private holders from bonds of the
same type and character shall be
taxable by the terms of any Fed¬
eral income
tax
law, the success¬
ful bidder may, at his election,
be relieved of his obligations un¬
der the contract to purchase the
bonds
and
in
such
posit accompanying
be
der
returned.
will
be
The
case
his
the
de¬
bid
will
successful
bid¬
furnished
with
the
opinion of Hawkins, Delafield &
Longfellow of New York, that the
bonds
ing
valid and
legally bind¬
obligations of the township.
are
Enclose
a
certified check for
$380,
Bond Sale—District Clerk John
of
$25,100 not to exceed 6% in¬
as follows!
$20,000 T. Williams states that $30,000
years.
Second high bid of refunding of 1943, due $10,000 on building and/site bonds were of¬
011
June
28
and
were
100.001 for 1.20s was made by the July 1 in 1950 and 1951, and $5,100 fered
Herkimer Trust Co., Little Falls.
general impt., due on Feb. 1 from awarded to R. J. Edwards, Inc. of
Oklahoma City.
Due serially in
1944 to 1950 inclusive.
Ne w York (State of)
fron\ 3 to 17 years after date of
Utica, N. Y,
Award of Bonds Held in Fund
issue.
0.80s, at
price of 100.023, a basis
Due in from 1
a
of about 0.787%.
to
terest bonds
3
Certificate
—State
Comptroller
Frank
C.
Moore awarded through competi¬
the bonds. Principal and interest
tive bidding on June 29 a total of
payable
at
the
National
Iron
43 lots of municipal securities of
Bank, Morristown.
No proposal
New York State, with a par value
will be considered which specifies
of $6,493,587 to fourteen success¬
a rate higher than the lowest rate
ful
bidders for $7,834,589.47,
a
stated in any legally acceptable
profit to the state of $1,391,002.47.
proposal.
Each proposal must
state
'
The
securities
were
held
as
vestments in Canal Sinking
Nos.
9 and
City bonds.
headed
by
the
groups
Chase National
Bank
facturers
Co., respectively,
received
in
Trust
the
sale
a
Frank
bonds
held
in
the
awards
Comptroller
$6,493,587
York
municipal
State
of
Moore
New
various
of
bulk
by
D.
and Manu¬
/
Canal
Debt Sink¬
ing Funds No. 9 and No. 12.
The
Chase group was
Sealed
received until
be
NORTH
Sylva, N. C.
Manufacturers
purchased by
re¬
011
the
Hatboro, Pa.
Bond Sale
The $50,000
bonds offered for sale
City:
—
improvement
and
on
Interest
semi¬
on
date called.
pn
l%s,
was an
offer of
tendered
by
Schmidt Poole & Co.
of
Amendments
stated
com e
Clarified
June
on
In
25
—
It
j
Taxj
was
by Harold L.
Ickes,, Secretary of the Interior,
that amendments to Puerto Rico's
income
tax
holders
of
and
laws
do
Puerto
affect
not
Rican
Insular
municipal bonds who reside
in the United States proper*;;
A
report received by B.
1
W.
Thoron, Director of the Division
of
Territories
and
Island
Posses¬
sions, from Governor R. G. Tugreveals
Insular
that
amendments
income
to
tax
law,
passed by the Puerto Rican Legis¬
lature Dec. 3, 1942, removing the
exemption from the Insular \nr
come
tax formerly according to
the
interest
on
Puerto
Rican
In¬
and
not
subject to the Insular income
States
tion
regarding
of
ernor
these
the interpreta¬
amendments, Gov¬
Tugwell stated:
"You
may
the
reassure
banking and bondholding community that the treas¬
does
not
intend
to
withhold
part of future interest pay¬
ments nor to attempt taxation of
non-resident bondholders."
any
Lansford, N. D.
Bond Election—The issuance of
$10,000
refunding
bonds
will
be
Trust
Sch. Dist. (P.Q.
Ardmore) Pa.
Bond Offering—Sealed bids will
Lower Merion Tp.,
associates received
York
coupon
Application
Allaying rumors which have
circulated in the mainland United
Co. and submitted to the voters at an elec¬
$1,733,850 New tion scheduled for July 6, it is be received until 8 p.m. (EWT),
City issues from Sinking said.
on July 19, by Frances J. McCabe,
Fund No. 12.
The winning bid
District Secretary, for the pur¬
was
120.21 for the bonds having
chase of $140,000 coupon build¬
OHIO
;
RICO
(Government of)
urer
101.63
DAKOTA
PUERTO
Puerto Rico
June 28
sive.
Second best bid
NORTH
to 1958 inclusive.'
tax.
Sewer
ceases
3% interest coupon
funding
—V. 157, p. 2305—were awarded
Refunding
tc Harriman Ripley & Co. of New
Nos. 1 to 5, aggregating $5,000.
Street
Assessment Refunding, York, as Is, paying a price of
Nos. 6 to 10, aggregating $5,000. '
100.268, a basis of about 0.95%,
Dated Feb. 1, 1939. Denomina¬ Dated July 1, 1943.
Due $5,000
from July 1, 1944 to 1953 inclu¬
tion $1,000. Due, Feb. 1, 1969.
Water
not to exceed
improvement bonds. Dated July 1,
1943 and due on July 1 from 1944
municipal bonds, ap¬
plies only to bondholders resid¬
ing in the island. Bondholders residing outside of the island are
PENNSYLVANIA
-
July 8 for the purchase of $35,000
sular
x
York
awarded
122.061.
were
annual
maturing from 1950 to 1967.
was
reported
bonds offered for sale
called for payment on Aug. 1,
at the Chase National Bank, New
bonds from Sinking Fund No. 9,
having rates from 3J/4% to 4J/2%
Their bid
now
$60,000 electric light
Call —Mayor H. Gibson
states that the following 3% bonds
$3,736,000 various New York City
and
Sold—It is
Bond
are
Chester), Pa. ; j
Sakers,
Borough Secretary, will receive
sealed bids until 8 p.m. (EWT) on
well
OREGON
Hood River, Ore.
State.
CAROLINA
Trainer (P. O.
Bond Offering—Ross C.
the
noon
July 7, by Thomas J. Nelson,
City Comptroller, for the pur¬
Bonds
chase of $1,000,000 certificates of
that the
indebtedness. Dated July 8, 1943.
funding
Due on Nov. 8, 1943.
May 31,
Funds
teen lots of New York
Two
will
—-
on
in¬
and included four¬
12
bids
Offering
•Monday, July 5, 1943
rates from 3V2% to 4V2%
SOUTH
DAKOTA
Plankintoh, S, D,
Bonds Voted — At the election
held on June 15 the voters aire
.
said to have approved the issuance
of the $17,000 not to exceed 3%
semi-annual funding bonds. Dated
Interest
July 1, 1943.
Due on July 1 in
%, %, 1944
to 1963 inclusive.
Bond Sale Details—The City
The remainder of
the bonds
1, 1%, 134, 1% or IV2%, payable
Auditor reports that the $24,550
awarded,.,; consisting of issues of
F-A. Denom. $1,000. Dated Aug.
TENNESSEE
street improvement bonds sold to
up-State municipalities, was made
1, 1943, Due $14,000 on Aug. 1
the
and
ing improvement bonds.
Bexley, Ohio
maturing from 1952 to 1966.
rate is to be either :,
,
City Sinking Fund Trustees—
in 1944 to 1953. No bid combin¬
p. 2400—were purchased as
ing two or more different rates
dated June 15, 1943,
of many small individual lots.
Other successful bids were:
V.
Barr
3s at par, are
up
157,
Brothers, New York City,
of
interest
will
be
considered.
and mature on Oct. 1: $5,000 in
$5,000 City of Yonkers, 5%,
Bids must be for not less than the
1944 to 1947, and $4,550 in 1948.
$5,297; $8,000 Town of Bedford
principal amount of the bonds
Interest payable A-Q.
41/4%, $8,648.48; $20,000, Town of
and accrued interest to date of
Wellesville, 4V2%, $21,406; $61,000, Deer Park (P. O. Cincinnati), Ohio settlement.
It
is
contemplated
Town
of
Hempstead, 5%, $81,Price Paid
The Village Clerk that bonds will be delivered to
for
—
025.08.
states
that
the
$5,250
garage
the
successful bidder upon pay¬
Chattanooga, Tenn.
Contract With Bondholders De¬
scribed—From
"Times"
of
the
June
3
Chattanooga
we
take
the
following:
The City of Chattanooga spends
every minute of the day on
$1.14
its bonded debt and this pace will
have to be kept up until 1969 to
the
$14,750,000
debt
Bacon, Stevenson & Co., New building improvement bonds sold ment of the price bid and accrued wipe out
which has been piled up over a
City, for $15,000, Town of to the Provident Savings Bank & interest on or about Aug. 2. Said
long period of years, Mayor E. D.
Amherst, 4%%, $16,897.50; $9,000, Trust Co. of Cincinnati, as 2s— bonds are to be general obliga¬
HEW MEXICO
Bass warned yesterday.
Village of Tarrytown, 41/10%, V. 157, p. 2400—were purchased tions of the district payable from
In 1941 Mayor Ed Bass insti¬
Albuquerque, N. M.
$10,024.20; $12,000, Village of Val¬ at a price of 100.27, a basis of ad valorem taxes on the property
Bonds Called
tuted a debt retirement
City Treasurer ley Stream,
program'
4%%, $13,818.
about 1.965%.
Due from Dec. 1, taxable therein for school pur¬
G. Albert Linder reports that the
which will rearrange maturities
George B. Gibbons & Co., New 1944 to 1958 inclusive. ; Interest poses within the taxing limita¬
in such order that the annual cost
following special revenue paving York
City, for $13,000, Town of payable J-D.
tions imposed by law.
Each bid will be uniform
bonds were called for payment at
until the entire
Greenburg, 5 8/10%,
must be unconditional in form
$15,103.40;
his office on June 18:
$14,750,000 is retired.
Ravenna, Ohio
$40,000, Village of Garden City,
and must be submitted on a blank
To meet the commitments made
Bonds Authorized —• An ordin¬
District No*
Bond Numbers
41/4%, $52,904; $40,000, City of
which may be obtained from the
by the city under the debt retire¬
ance is said to have been passed
-6
236-D
Ogdensburg A%%, $48,227; $59,above Secretary.
The bonds are ment
program the city must spend
500, Village of Bronxville, 4%%, providing for the issuance of $10,- registered as to principal only,
7^—..-._128-H
000 1
semi-annual street im¬
$1,000,000 each year from its cur¬
13—....
$82,859.70.
—331-L
The enactment, at any time prior rent
revenues.
This means that
provement bonds.
Dated July 1,
15.
Goldman, Sachs & Co., New
to the delivery of the bonds, of
108-Q.
nearly one-third of the money col¬
1943.
Due $1,000 on April and
York City, for $100,000, Town of
35_—_
Federal
101-NN,
legislation
which
in lected by the
Oct. 1 in 1944 to; 1948 inclusive.
city over its tax
Harrison, 414%, $128,621.50; $125,116-NN,
terms, by the repeal or omission counter each year must be
spent
000, City of Tonawanda, 414%,
117-NN
of exemptions or otherwise, sub¬ for debt
Springfield, Ohio
services. The city's an¬
47_
—40-A
$145,335; $50,000, Town of Somers,
Bonds
Authorized—The
City jects to a Federal income tax the nual budget is in excess of
$3,000,Council is said to have passed on interest on bonds of a class or 000 a
The
following bond coupons m%, $56,482.50.
year.
Marine Trust Co. and R. D. final
will be paid upon presentation to
reading an ordinance calling character which includes these
The per capita debt of Chatta¬
White, New York City, for $15,- for the issuance of $16,000 2Vz% bonds, will, at the election of the
the City,Treasurer:
nooga is $115.
Theoretically, if
Town of Irondequoit, 6%, semi-ann. city building improve¬ purchaser, relieve the purchaser
District No. 48, Letter B, all 000,
every
Chattanoogan
who
was
$18,637.50; $34,000, Town of Tona¬ ment bonds. Dated March 1, 1943 from his obligations under the was counted in the 1940 census
coupons
due May 1,
1938 and
Due $2,000 from Sept. 1, 1944 to terms of the contract of sale and were to
prior.
District No. 49, Letter C, wanda, 5%, $42,561.25.
pay $115 in a common
R. D. White, New York
all coupons due May
entitle the purchaser to the re¬ fund
City, for 1951 incl.
there
would
be
1, 1940 and
enough
turn of the amount deposited with money in that fund to
prior, except of bonds 220 to 243 $8,000. Town of Elmira, 5%, $8,pay Chat¬
550.40.
the bid.
The bonds are offered tanooga's bonded debt.
inclusive of Series C.
OKLAHOMA
Salomon Bros. &
for sale under the provisions of
Under the new bond contract
Hutzler, New
Grady County Cons. Sch.Dist.
York City, for $33,237,
the Municipal Borrowing Law of the city agreed that in the event
NEW YORK
Village of
No. 100 (P. O. Pocasset), Okla.
Cuba, 414%, $38,650.31; $13,500,
the Commonwealth and are to be there is a deficit in its budget at
Bond Sale
The District Clerk
Harrison (P. O. Harrison), N. Y.
Village of Lake Placid, 4 4/10%,
sold and
delivered to the pur¬ the end of a fiscal year, that def¬
states that $14,000 building bonds
Bond Sale
The $308,000 semi¬
$15,556.59.
chaser only if and after proceed¬ icit would be made up out of cur¬
were
awarded recently to R. J.
annual tax lien bonds offered for
Phelps, Fenn & Co., New York
ings authorizing the issuance of rent revenues during the succeed¬
sale on June 29—V. 157, p. 2399—
City, for $43,000, Town of Hemp¬ Edwards, Inc. of Oklahoma City. said bonds have been approved by* ing fiscal year.
In view of this
Due $1,500 in 1946 to
were
awarded
to
1953, and
Goldman, stead, 4 3/10%, $49,015.70; $10,000,
the Board of School Directors and rigid clause in the new bond con¬
Sachs & Co., and Blair & Co., Inc. Town
$2,000 in 1954. 1. / '
of Eastchester,
tract city officials are less anxious
4y2%, $11,approved by the Department of
both of
New
York, jointly, as 509.
Internal Affairs.
Said bonds are than they might be otherwise to
Muskogee, Okla.:
1.40s, paying a price of 100.069, a
Bond Sale
Blyth & Co., New York City,
The $125,000 pub¬ also sold subject to the favorable create a deficit. The contract, how¬
basis of about 1.37%.
Dated July for
$64,000, Towns of Perry and lic park bonds offered for sale on opinion
of
Morgan, Lewis
&. ever, has its advantages, too. In
1, 1943. Due on July 1 in 1944 to Castile,
4%%, $73,964.80; $25,000, June 28—V. 157, p. 2400—were Bockius of Philadelphia. Enclose the event the city finishes a fiscal
1948 inclusive.
Town of Perinton, 414%,
$28,645. awarded jointly to the Citizens a certified check for $3,000, pay- year with a surplus it may reapSecond best bid was an offer of
C. F. Childs & Co., New York
National ..Bank,.- the Commercial able to the School District.
propriate the residue by. expendi-
payable to the township.
York
—
—
—
—
•
—
Volume
ture in the
Until the
THE COMMERCIAL & FINANCIAL
Number 4191
158
succeeding fiscal year.
contract was made
new
surplus funds from the bud¬
any
appropriations-had to .be
transferred ; to the sinking fund.
getary
inasmuch
But
the
as
city
is re¬
quired to invest $1,000,000 annu¬
ally in its sinking fund for the
retirement of maturities and pay¬
interest, the bondholders
agreed to release their claim on
ment of
surplus funds.
present requirements.
Tax re¬
quirements to meet the annual
maturities would not be altered.
The maturities
Chattanooga's
on
bonded debt had been arranged so
irregularly that during some years
load was too heavy and it
would
have
impossible to
For instance,
following the
been
in
the
1942,
when
time
year
started,
gram
a
pro¬
total of $1,344,000
to be spent for
prior to Sept.
statute, for
should
all
underwriters whether
re¬
funding is completed or not. The
agreement is for 12 months to be
extended by mutual consent.
issues
The
refunded
be
to
$370,000, court house and jail
bonds amounting to $880,000, and
Juvenile Home bonds amounting
to
to
$33,000.
;
from April
to refund those issues,
and with the maturities arranged
serially
mature
have
to1
-
them
&
pre¬
for
special appropria¬
tion' airrthe nexL session of the
State
Out-of-State
Legislature.*
such warrants
holders' of
re¬
are
quested to notify the State Treas¬
urers
office.
Other
:
.
'
Revenue
General
than
warrants, all State -warrants are
cashable when issued and should
be
immediately
for
Prompt
presentation
presented
payment.
these • warrants
apreciated by the
payment; of
will be greatly
f0, 1965.
■necessary
in such
haphazard way the refund¬
ing probably would have been
rather difficult and costly. This
have
service
under the old plan would
amounted to $997,000 and in
1950
it
year,
costs
for
Cass
Maturity
—
The County Treas¬
that the $10,000
states
urer
now
3%
semi-annual
:
refunding f of
1943 bonds sold to the W. A. Jack¬
that it
was
the
from
son Investments, of Dallas—V. 157,
$3,070,p. .2201—are due $1,000 in 1944 to
maturities
to meet, the
necessary
city also had to meet the interest
charges.
Mayor Bass explained that of
the $1,000,000 now being paid an¬
nually into the sinking fund, ap¬
1953 inclusive.
V.V J
J
r|lV
•«;
'
-r
^
M
.
* ."
»
Galveston, Texas
Gas
Local
Offers
Company
'
Properties for Sale
Galveston
from
—
A dispatch
Houston
the
to
"Chronicle" of June 19 reported as
proximately $700,000 is used to
pay interest and $300,000 is ap¬
plied to principal. This ratio, how¬
follows:
ever,; changes as more maturities
are retired.
But under the pres¬
the City of Galveston
Gas Company
its local properties to
has offered
for $2,500,-
it was announced by Mayor
George W. Fraser, following a
conference Thursday between city
time the bonded debt now in ex¬
Pauls &
Co., Richard Nongard of
that is if the Stifel-Nicolaus of Chicago,' and
under the 1941 J. P. Gibson of Gibson & Gibson,
istence will be paid,
schedule
set
up
contract is followed.
municipal bond attorneys of Aus¬
city place its
Not only' did the
tin.
position by dis¬
debt in favorable
i itefti$ vetoes, the $23,050,000
departmental appropriation bill.
remained only the higher
any
There
education
departmental bill is approximate¬
ly $9,000,00 below the total of two
years ago, for the two years.
A: bill lowering to 3% the in¬
bonds in which the
on
permanent school fund is
invested, likewise was killed by
State
The.six tax remission bills were
for Dallas, Port Arthur,
Jackson and Fayette and
Freeport.
Colorado
counties, Foard County and^ San
Augustine. ; They were rejected
under
Governor
the
notice
gave
their authors before their passage,
that the condition of, the State
.
tributing the burden uniformly the $2,500,000 was considered too
a period of 26 years, but it
high, said it was hoped to arrive
also was able to take advantage at a
satisfactory figure for sub¬
of a cheap money market and mission to the city commission at
substantially reduced interest its meeting next week.
charges. Many bonds which were
"It is understood that officials
more
State tax revenues.
yielding around 4% interest were of
interest.
the
will be
company
gas
Galveston
week
next
for
in
nego¬
is tiations with the city.
completion.
"A survey of the properties of
the gas company has been com¬
in bonds tb be exchanged for the
pleted by Duff & Phelps, engin¬
new series
to complete the pro¬
eering firm of Chicago, and the
gram and banks and other bond
report has been submitted to the
dealers are now making the ex¬
beard of city commissioners, with
changes. ■ Another advantageous recommendations that the city ac¬
result of the program is that the
quire the properties for opera¬
1
city's credit has been substantially tion under
municipal ownership.
improved,' Mayor Bass said.
A rate reduction under municipal
The debt retirement program
in
its
final
There
are
stages of
in excess of $1,000,000
Sold
Bonds
—
It
is
reported
$39,000 funding bonds were
sold recently as 1 Vzs.
Due $4,000
that
revenue
Texas
within
a
The issues
20-
Lavacay Texas
S. P.
Ehlinger, City Secretary, that 4%
$1,283,000 county
was
signed by the Commissioners
the
follows:
bonds will be pur¬
chased by the affiliated groups at
ticipating
in the refunding con¬
Co., and The Ranson-Davidson Co.
Provisions of the contract state
that the investment group
their
best
efforts
in
Interest
chased
Pierce &
terest, payable semi-annually and
to mature serially over a period of
to
manner
cipal
that the total annual
and
interest
prin¬
requirements
value
Clair
(1942-43
all
revenue
warrants
warrants
issued
prior to
including Oct. 20, 1942.
is for $1,569,609.19.,
and
This call
due
June
1944;
7,
St.
County, 111., $2,140,000, due
800,000, due Nov/8 and Seattle,
Wash., $757,000, due Feb. 24, 1944.
All
interest
net
Bonds Offered for Investment—
The
successful
reoffered
bidders
the above, bonds for general pub¬
lic subscription, the 1944 through
1963
close
certified check for 5%
a
the
maturities
1952
down to 94 for the
final,
or
July,
1963, maturity.
WEST
have
Bonds Voted
said
recently
4, the voters are
said to have approved by a wide
margin the issuance of $150,000
land
purchase bonds, to be used
for airport construction.
WISCONSIN
Wisconsin (State
of)
Constitutionality of Tax
Upheld
Div¬
on
The State Su¬
—
the
that
$2,000,000 bond issue, although
a
it will continue to pay interest on
the past-due bonds at the rate of
50 %
of the original interest rates,
the case of other defaults
as
in
on
bond issues since April 1, 1936.
QUEBEC
Quebec (Province of)
Credit
Found; Restored
Canadian
Quebec
Press
—
dispatch
A
from
June 9 reported in part
on
follows:
Assembly
Government
finances
At the election
—
—
reported to
are
Province would default July 1 on
lative
O. Beckley),
June
on
;
Premier Godbout told the Legis¬
VIRGINIA
W.Va.
held
(Province of) V'
Expected
Default
Treasury officials
as
Raleigh County (P.
of
ALBERTA
Alberta
up' to
for
100
Co., New York.
opinion of Per¬
for, payable to the
City Treasurer.
1.30% foU the
July, 1951, maturity, and at prices
of
Principal
approving
maturities at prices to yield
from 0.40%
three
.
.
that
"after
Province
of
his
the
rebuilt
of
sabotage
the
NationaleAdministration
and
.
the
of
years
Union
today
has
don't have to beg
now we
from any one any more because if
we need money
we can find it
anywhere in the world,"
Speaking
after. Opposition
Leader
Maurice
Duplessis
had
said that the Quebec Government
was abandoning all the Province's
rights to the Federal Government,
Court recently, upheld its the
Premier said that his Admin¬
earlier ruling affirming the con¬
istration "has kept the Province's
stitutionality of the Wjsconsih tax
absolute
liberty."
The
debate
on the privilege of declaring, cor¬
arose during study of budgetary
porate
dividends,
according
to
estimates
for
the
Lands
and
Madison news dispatches.
The
Forests Department.
high court is' also said to have
"We don't have to beg from any
ruled that v this ' levy applies tc
one.
If we need money we can
foreign corporations doing busi¬ find
it anywhere in the world.
in Wisconsin.
ness
of
dividend
taxes
companies
organized outside the
State.
We
have
partment
brought
State De¬
the
against
of
Taxation
w ere
by the following State
rebuilt
the
Province's
finances after three years of sabo¬
of
tage
which
Union
the
from
1936
Nationale;
1939
to
stole
and wasted the Province's money.
"After three years in power, the
Leader of the
borrow
Actions
50
Opposition couldn't
cents
the
in
Province
in the
or
country."
Opposition Leader
The
rupted
this
the
was
rowed
Premier
calling
about
that
he
bor¬
on New York
month before
a
general
inter¬
say
to
because
wrong
$30,000,000
markets
Provincial
elec¬
tions.
the administration."
ing litigation in which the divi¬
was upheld by the
the
above issues
are
dated
Quebec
same
argued that the decision of the na¬
tion's highest tribunal was in Con¬
$386,000 3V2% semi-annual school
the
of
flict
cases
with
the
the; State
and
soning
left
:
court's
many
rea¬
bonds
:
WASHINGTON
Tacoma,
;
Wash.
pon
or.
registered semi-ann. light
and power revenue of 1941
(series
C), callable bonds offered for sale
June 29—v; 157, p. 2102—were
awarded to a syndicate composed
on
of
Shields .& Co.,-Spencer
Trask
purchased recently by
& Co., and Clement,
Guimont, Inc., both of Toronto,
jointly, at a price of 99.92, a basis
questions
of about 3.51%.
WYOMING
Due in. 1944 to
1963.
Sheridan, Wyo.
Bond
Offering—Sealed bids will
be received until
SASKATCHEWAN
10 a.m. on July
Saskatchewan (Province of)
Bonds Sold — The following
12, by M. F. Ryan, City Clerk, for
purchase of $16,000 coupon
fire
equipment bonds.
Interest
„iate is not to exceed 6%, payable
the
Bond Sale—The $3,000,000 cou¬
-
were
A. E. Ames
unsettled.
day, amounts to $2,231,-
000,' dated July 26 and due Feb.
17, 1944.;
;V-
School
Commission (P. O. Quebec), Que.
Bonds Sold —It is stated that
Aug. 3, 1943. The New York Hous¬
the
Catholic
Reman
In several
complainants
ing Authority's note issue, offered
(State of)
reported by
including
No. ; 293,382
Series), which includes
a.
of about. 1.51%.
$1,808,000,
Aug. 22, 1944; St. Louis, Mo., $6,-
March, have been pur¬
recently
by
Rauscher,
Co. of Dallas, as 3s.
general
and
of¬
sociates, for $900,000 _s, and $2,100,000
11/4S
(callable or non-
at par,
thereafter
shing, Bosworth, Dick, & Dawson
of Denver, will be furnished. En¬
U. S. Supreme Court.
$520,000,
date called.
James, State Treasurer, that
calling for payment at face
Bea¬
The
dend tax law
Warrant Call—It is
is
an
by Blyth & Co., Inc., and as¬
callable),
sale
necessary.
ical Bank & Trust
Bond
The second best bid was
cost
private
deemed
notice.
fer
at
60 days' advance
upon
.7, 1944; Sacramento County, Cal.,
Independent Sch. Dist.
Texas
follows:
as
Pa.,
100,000, due Aug. 22, 1944; Sacra¬
voters last
he
thereafter
and all bids and sell the
any
bonds
if
Jan. 1,
on
mento, Cal., $1,163,000, due June
$12,000 semi-annual building com¬
pletion bonds; approved by the
will use
the
in such
to
(P. O. Round Rock), Texas
Bonds Sold—It is reported that
making
years
ceases on
Round Rock
Jesse
20
1940
1965, optional in inverse numer¬
after date.
present bonds available for re¬
funding-and exchange for a like
amount of bonds to bear 3% in¬
approximately
in
ical order any time
companies par¬
tract, all of! San Antonio/ are; Dewar,
Robertson
&
Pancoast,
Rauscher, Pierce & Co., Russ &
$1,500
to 1950, $3,500 in 1956 to
1959, $4,000 in 1960 to 1962, $4,500
in 1963 and 1964 and $2,500 in
-
associated
as
1947
ex¬
the refunding
.
1,
Nov.
bear. all
in connection with the re¬
funding issues, so that the saving
of 13,4% interest will be met dur¬
ing the 20-year period and that all
;par,.
The
1939. Denomina¬
Due
associated in
are
transactions - to
penses
.
$500.
1944,
$2,000 in 1945 and 1946, $2,500 in
is said to call for the .investment
companies that
tin. Tex.
Dated Nov. 1,
are
County,
The city reserves the right to re¬
Lakeland, Fla., $205,- out-of-State firms involved the
The Premier said: "Yes, but at
000,' due Aug. 1; 1944; Los Ange¬ International Harvester Co., the
the conditions of the Americans,
les,1 $13,994,000, due May 1, 1944; Minnesota Mining & Manufactur¬
because you were licking their
Los
Angeles County, $6,312,000, ing Co., and Montgomery Ward &
boot-tops, so dire was your need."
due Aug. 1, 1944; New Albany,
Co., all against the State Depart¬
"We
have
re-established
the
Ind., $619,000, due Aug. 22, 1944; ment of Taxation, and Blied vs. the
Province's finances, we have reQakland,
Cal.,
$4,136,000,
due Wisconsin Foundry & Machine Co.
established harmony among the
August • 22.
1 9 4 4 ;
Pater son,
All the assessments were af¬
people and we have re-established
N.
J:, $1,495,000, due Nov. 8, firmed by the high court.
the confidence of the people in
1944;. Pittsbur gh, Pa.,
$5,The suits had been filed follow¬
American National Bank of Aus¬
tion
$57,-
will
the total amount of bonds offered.
interest paying date
any
Nov.. 8, 1944;
refunding bonds, numbered 1 to
148, aggregating $74,000, are called
said to have authorized recently for payment on Aug. 1, at the
the refunding of
or
due firms: Wisconsin Gas & Electric,
Aug. 22, 1944; Camden, N. J., $1,- Wisconsin
Electric
Power
Co.,
520,000, due Aug. 1, 1944; Chicago, Wisconsin-Michigan
Power
Co.,
111., $8,200,000, due Feb. 24, 1944; and the Milwaukee Electric Rail¬
Galveston, Texas, $860,000, due way & Transport Co. Suits of the
;i.
bonds, reducing the rate from
4%% to 3%.
The contract that
and aggregating
860,000, will be put up for bid¬
ding on July 6, it was announced.
period."
Port
■
for. redemption
bonds
Public
authorities
Authorized — The
County Commissioners' Court is
.Refunding
IV4S, due $75,000
on Jan. and July 1 in 1952 to 1963,
The city may, at its option, call
all
or
any
of the outstanding
as
$57,860,000
issued by 17 local public housing
No bid
be considered for less than the par
value of the bonds or for less than
the bonds bid
on
amounting to nearly $100,000 were
Housing Authority
protested by four Wisconsin utility
Temporary
Loans
companies, which combined their
Offered—Temporary loan notes, action in one suit, and four other
Federal
interest date after
any
from date.
ing $1,800,000
Assessments
UNITED STATES
operating
Bond Call—It is stated by
County (P. O. San Antonio),
■
bonds
sold to.,Bar-
Kindred & Co. of Austip, for
$10,000 as 2s, and $13,000 as Vfcs,
as
noted here—v.. 157, p. 2306—
were purchased at par.
Due on
Feb; 1 in 1950 to 1954; optional
after Feb. 1, 1947.
cus,"
ver
TEXAS
Bexar
the
County Audi¬
on
years
the bonds
divided as follows:
$750,000 as
4s, due $75,000 on Jan. and July 1
in J944 to 1948, the next $450,000
as
2s, due $75,000 on Jan, arid
July 1 in 1949 to 1951, the remain¬
1.51%,
preme
$23,000 county
10
cost of about
idends
that the
states
road refunding bonds
will be sufficient to retire
revenue
year
'
•
that
estimated
is
Austin),
Price Paid—The
tor
ownership is recommended and it
$7,000 in 1945 to 1949. the
in 1944, and
Travis County (P. O.
Texas
bonds
and interest payable at the Chem¬
deficit, would not permit the do¬
nation of
privilege to the city of re¬
deeming all or any part of said
ject
Treasury, which has a $20,000,000
"Mayor Fraser, indicating that
the
and the Charles
N. Tripp Co., both of Portland,
at a price of par, a net interest
& Co.,
son-Jones
executive veto.
over
refunded for around 2%
National Co.,
Foster &
Marshall, both of Seattle; Atkin¬
Marine
bill among the five ma¬
jor appropriations to be acted on
oefore the May 31. midnight dead¬
line On bills of the session.
The
000,
plan the maturities are dis¬
tributed over a period of 26 years
and at the end of that period of officials and Louis Pauls of Louis
ent
approved without
He
terest rate
Star
Lone
"The
remission bills and several other
measures.
Co., Paine, Webber, Jackson &
1954,
.
Legislative Measures Approved
Coke
County Road District No. 16 and : Vetoed — Governor
Stevensoh recently vetoed six tax(P. O. Linden), Texas
would have been
Aside
000.
debt
instance,
10,1944, through.April
Treasurer's office.
State
45
Curtis, Coffin & Burr, all of New
York;
Schoellkopf,
Hutton
&
Pomeroy of Buffalo; Hornblower
&
Weeks
of New York; G. H.
Walker & Co. of St. Louis; the
Claims
General
the
Committee
for
bonds
These
debt service. It would have been
arrangements with
representative of their
State
sented^ to
are
bonds amounting
road and bridge
these L' warrants
make
district
would be borne by
State
the
years' limitation.
of
Possessors ;
bonds, costs in connection with
approval of the Attorney-General
and
other State offices and all
other expenses
two
warrants,
1, 1940, are
of
because
void
now
the
had
have
would
retirement
the
dated
ceedings, cost of printing the new
the
meet the maturities.
field, costs of all legal pro¬
bond
the
.
attorneys in the
Fees of expert
-
General % Revenue
approximately the same as
will be
CHRONICLE
semi-annually.
1943.
Dated
Aug.
1,
Due in
beginning
10
years
.
V
after
after said date and with
vincial
to
bonds.
1949.
and 4%
,
Due
-
•
Pro-
in
1944
4
.
.
186,000 3Vz% Provincial bonds.
date of their issuance and ending
20 years
aggregating
bonds
$1,014,000 3V2, 3%
Denomination $500.
substantially equal annual instal¬
ments
semi-annually
$1,200,000. are said to have been
sold recently:
1
Due in
1944 to
1949.
THE COMMERCIAL & FINANCIAL CHRONICLE
.When
Name of Company
Redemption Calls and Sinking Fund
Badger sPa£>er Mills, 6%
Baldwin
list of corporate bonds, notes,
a
.
preferred and common stocks called for redemption,
including those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
ing tenders, and the page number gives the location in
which the details were given in the "Chronicle."
Date
preferred stock, par $5__—July 30
Alabama State Bridge Corp., 4% bonds due 1952
Dec
1
Allied Stores Corp., 4Va% debentures, due 1951
Aug 1
American, British & Continental Corp.—•
'5% debentures, due 1953--,—;—
—.—--Aug, 1
Arizona Power Corp, 1st.& ref., mtge: bonds, 5s & 4l4s,
due 1S50
___Aug: 1
Accessories
Corp.,
t. bonds, ser. B, due 1955
Ai(g
Atchison, Topeka & Santa Pe Ry.— •
California-Arizona Lines, 4*/2% bonds, due 1943——Sep
6%
*
ref. mtge. bonds, due 1950—
closed
2143
—Aug ' 1
-July 7
—July 15
*
: 2445
2445
mortgage 5%
Pacific
Canadian
California
-
2146
1
Sep
" ■
bonds, due 1966—_.-AUg. '1'
Southern Ry. geu. 4*/2s, series A, due 1980--July 15
.
General
Finance
Aug
1
1459
Aug
1
2150
of Central America—
mtge. 6V2% bondsv due 1947—-—'
Aug
Corp.-Schulze Baking Co.', 1st mtge.
1
due
--.-—Sep
1
1945-
—
Iowa Power & Light Co.,
ref.
and
1st mtge. 4*/2s,
mtge. 5%
_
bonds, due 1944
Miller
(I.)
National
1950_
due
Chilton
Aug
1958
Western
Oil
3*/2%
stock,
debs,
due
1
series——
4*/2%
series—
1%% debs, due
Poli-New England .Theatres, Inc.'-r
Conn
2349
10
Aug
—July 15
Aug
July 13
2455
1949
Aug
4V4 %
1
Aug
.due
1956
Valvoline
.
1
:
Consolidated
prior
*
2353
2456
1
Co.,
in
preferred
this
issue.
stock
All
:
others
E.
T.
Then
show the dividends
we
Second
Lowell
Luzerne
6-18
5*4%
6-30
MacMillan
Petroleum
MacWythe
Company
_■_/
7-15
6-30
8-28
7-
$1
2355
-2259
'
1
35c'
Extra
Manhattan
1
:2460
1
8-2
Middlesex
Middlesex
Water,
Mid-West
Rubber
7-
Mid-States
•*
$1%
9-
$1V2
7;: $1
5
Class
Monroe
7%
8-
Inc.
Bros.,
Co.,
W.
7-
2
8
8-31
Trust
7-10
6
N.
C.
vtc.
Mfg.' Co.
7-15-
•
Insurance
(The)
given
Neilson
Nekoosa-Edwards
7-
New
6
First Mutual
Flambeau
Fuel
Allegheny
&
8-16
7-31
New
York
7-15
7-
6-29
6-23
North
6r30
6-19
Northeastern Water & Electric
6-30
6-19
Northwest Engineering
-i
•
6%
Amer. depos. rets, for ord. regis.,
Franklin
;
Fresnillo
Co.
Fuller
7%
Gas,
Class
8%
8-10
7-30
25c
9-25
P 9- 1
12V2c
8-1
7-17
(quar.)
$1V4
American
Furniture.
News
Co.
7%
preferred
Appalachian
Electric
•'
Arlington
Mills
(quar.)_
(quar.)
Associated Telephone, Co.
preferred
Harrisburg
Hart
Hartford
7-31
7-15*
7-15
6-30
Haughton Elevator,
7-
9
Hawaii Consolidated Realty, Ltd.—
77ro
preferred
(accum.).
'
,
t
2
'
.
Topeka & Santa
Co..
67e
preferred
Atlas
Drop
Atlas
Thrift
&
A
Forge
Plan,
Hawlev
Co..
preferred
7-15
7-
2
8-2
7-15
Pulp
Higgins
$6
2nd
Hercules
Higbee
of
&
Powder
7-30
Highland Dairy,
1
6-19
Holly
$114
7.
j
6-19
Holly Sugar
(quar.)
_________
7-15
7-
7-
2
6-25
" $214
R.R.__
common
50c
+ 17'/2c
•
(quar.)___
„'
.■
.
7
6-30
7-
7-16
7-19
6-28
77/
Home
preferred
Dairy
7-
1
6-26
20c
7-
1
6-21
Honeymead
6834c
7-'
1
6-21
Horder's,
$2
Corp.,
6*A%
(quar.)
$6 prior pfd.
(quar.)
$7
1st
67»
pfd.
pfd.
class
preferred
Co.
A
$2
Rand's.
& Co.
Fund
(quar.)
6
6-24
6-15
(quar.)
(accum.)
,
-l—TJ-'-'
class A
(quar.) ____'
Co.
(quar.)_;
—
2
7-15
6-18
7-15
7-15
6-30
7-31
7-15
7rl5
7-3
7-15
7-
3
15c
'
7-15
7-
3
8-
7-15
$1'4
„
50c
preferred
(accum.)
2.
7-20
7-10
6-30
50c
6-23
7-20
7-
7-15
6-30
$2'/2
7-20
7-10
50c
6-30
6-23
(quar.)__________
Products, $4*/2
preferred
4X
:.xx"x-$i,x
3
Inc.
7-
1
7-20
8-
2
7-.20
7-95
fi-30
$1V2
■
.
10-25
2V2C
7-15
7-
1
5c
7-10
7-
2
50c
.8-1
Pump Co.
8-
1
7-15
7-
1
6-19
Roval
6-25
6-15
7-
1
6-21
Saginaw & Manistee Lumber. 7% pfd. (quar.)
St.
John's Dry Dock & Shipbuilding—
7-1
6-21
(H.
W.)
$l'/2
8-14
3
St.
$l*/4
8-
2
7-20
St.
8-
1
7-17
$3V2
7-17
6-25
Sangamo Co.,
San-Nap-Pack.
1c
7-25
6-30
Santa
8-
7
7-15
Schaffer
8-
7
7-15
Securities
Investment
Common
5%
(quar.)
(quar.)
preferred
7%
Stores,
Co.
of
______
(accum.>___
St.
convertible
7-15
7-
12c
6-30
6-25
Sefton
Fibre
25c
8-
2
7-19
Seton
Leather
6
1
6-24
7-21
7-15
\7-. 1 ■'
7-15
25c
7-20
:.S
50c
9_
1
7-
1
7-10
8-20
(.
% 7-15
7-
6
7-15
7- 6
7-15
$134
x/:/x-$2;
7-
7-
1
50c
7-15
f 15c
6-30
5
■;/
6-23
'/■
6-30
6-26
f 75c
6-21
6-28
6-30
6-19
25c
7-
1
6-24
$1%
7-
6
6-25
7-
1
fi-26
25c
oreferred
7-
1
Louis-
(quar.)
25c
7-
17*/2c
—_________
Cement
7-10
8- 2
j;$l%
_______
Joseph Stock Yards Co. (quar.
Paper Mills, 6% pfd. (accum.)
Portland
7-10
2
.7-16
37*/?c
(quar.)
Ltd._
70c preferred
7-
8-
8c
Lawrence
Cruz
7-10
9c
x
___—_______________
(quar.)
7-21
15c
;—
(quar.)__
preferred
9-30
8- 2
t
25c
.
________
preferred
*/2 c
5c
(quar.i
common
Typewriter Co.
1% preferred (quar.)
%
7
$1%;
$1.31*4
(s-a)——
& Co.
convertible
$l*/2
Y.l
*
Button,
,
__—
(N.
Insurance
.
t
$l'/2
(reduced)
Extra
5
7-15
8-
$2
:
Rochester
5
$1
(accum.)__
Rickle
5 */2
'
$1.13
(quar.i_
7-15
7-
2
8-
6-28
♦
50c
Ry.
6-24
7-15
8-
32c
15c
9-30
50c
7-15
10c
2
$1%
8- 2
30c
8-
25c
(quar.i___
7-15
32*/2C
(quar.)„_/.
A
6-30
8-
9
common
preferred
Northern
30c
v
7-
•8-2
$1
10-15
15c
9
10- 1
Bottling
(quar.)
Richmond
"
j_;
7-
$1'4>-
__
Rhode Island Insurance
$1%'
10- 1
(irregular)
7-15
2
6-21
6-21
16*/2C
pfd.
$1.39
Supply,
81
'4:
__
(irregular)____
Reed (C. A.), $2 preferred A (accum.)_
Reinsurance Corp. of N. Y. (irregular).
Revere Copper & Brass, 7% pfd. <quar.)____
5*4 % preferred (quar.)_,
Reynolds Spring :Co._—
'—
2
7-
6-30
7-1
6-30
t$l '4
iquar.)
6-19
8-
$lV2
(quar.)___7 .7
(accumulated)—
(quar.)
9
8-
6-30
115c
__
k
(quar.)
Products
Inc.
v
*
'
(quar.)
common
(Mich.)
6-30
6-30/
.
68%c
___
pfd.
5 7o
Development
•
1
(quar.)
(quar.)
Radio-Ke'tb-Orpheum, 6% pfd.
Railway Equipment & Realty—
$6 preferred (accum.)
$6 preferred (accum.)
Reda
7-16
7-
10c
—_
(quar.)
5%
preferred (quar.)____777_
Industrials, 67& conv. preferred.— '
1
:
9-20
8-2
&
■
30c
(s-a>__
Fay Co.—,
Purolator
7-20
7-20
(Va.)
$1%
(quar.)__
preferred
Co.,
7-
preferred
preferred
Co.,
7-8
7-15
8-20
8-20
$2
Pittsburgh, Cinn., Chic. & St. Louis RR. (s-a)
Plant (Thos. G.), 7%
preferred (accum. )___
Portland Gas Light,
$6 preferred (accum.)
7-20
20c
1
1
'
6-18
1
C
Pittsburgh Brewing. $3*/2
7-13
30c
$1%
$1%
(quar.)
9-
—_
1%
Paper,
pfd.
Perry
9-
9-
20c
Investment
Furnace
7
7-15
6-23
$1%
(quar.)
Service,
convertible
Piedmont
2
A
Coca-Cola
Davis
7-
2
6-30
$l,/2
60c convertible preferred B (quar.)
Pennsylvania Power,
$5 preferred (quar.);;
Pepsi-Cola ■' Co.
8
8-
50c
75c
75c
$1%
Public
American
60c
'i/f/X;
Co.
5*/2%
Amer.,
" $iv2
Co.
(quar.)
8
$iy2
Ry
(accum.)
7%
Corp.
7-
,x
Gas,
& Son
Times,
(quar.)__„$iy2
preferred
Savannah
Finance
Fe
Hat
(L.)
8-2
—*31'4c
6-21
(quar.)__—_
pfd. (accum.)
7-
$ii/8
;.i x,;
.
67c
7-13
,
—_i_.
Ltd.—
(quar.)
(Bait.)
7-9
8-
6-30
7-
: 8rl6
6-25
40c
Insurance
$l*/2
preferred
Realty
$1*4
'
_
Gas
non-cum.
Guilford
7-15
'
preferred
Greenfield
>76%
7-15
}68%c
7-15
6*4% preferred (quar.)
Light, common——
7-15
6
9c
(accum.)
50c
_________________
Power—
6-25
Payne
7-16
H.)
30c
Corp. (quar.)
American President Lines, 5% non-cum. pfd.Anglo-Canadian Telephone—
(quar.)
7-22*"
1
Parke
7-21
$1V2
25c
(P.
15c
___
Petroleum
preferred
6-22
7-
,
7-10
7-31
$1%.
preferred
6-23
1
(Spokane, Wash.)—
—____
Fire
preferred
,7-31
Glatfelter
$6
6*/2 %
.8-1
Gidding & Lewis Machine Tool
$1%
(quar.)
(bi-monthly)
1
8-16
10c
(Ga.)
(reduced)
Securities
(irregular)
European
American
American
7-
75c
_
Co.
,
$l'/2
35c
$1.06*4
$iy2
10-
(quar.)
Bell Telephone
preferred
Panama
60c
.___
—___—
7-16*
6-
.
(quar.)/.
Heat & Power, com.
5% preferred (quar.)
Pacific Finance (Calif.) > 5%
pfd:
1
/
Castings Corp.—
6-30
6-30
7-
$1
$l'/2
(quar.)
(quar.i
prior pfd.
Ottawa Light
8-
(accum.)
Gas, $7
Dominion
Pan
(accum.)
pfd.
7-15
113c
__—_
(irregular)
6%-
Quarterly)
Company
7-15
$1%
General
6-30
Oilgear
Pacific
—-
6-19
7-15
7-17
7-20
•-
(initial)
Corp.
6-12
6-30
4; $1
X
Northv/estern Title Insur.
7-16°
^
(quar.)^
Investors
Bronze
General Steel
87Vac
Discount
preferred
General
(quar.)__
7-14
7-10
1
—
—
8-16
(quar. 1
American Can Co.
(quar.)
1
(quar.)
American
AA
6-30
6-28
7-12
2
50c7-15
^25c;
.8-2,
15c
6-24
i$i%
(quar.)
8-
8-
,
6-24
8-1
Gas,—
preferred
prior
8-
iquar.)
1 '
10c /,=• 7-1
13 %c
50c
7-31
=_
^
class. A
-
9-
pfd.
5%
:
Brush,
$1 Va
(quar.)
$1*4
,
;
7-
1
(Irregular)____
Northwestern Public Service,,7% pfd. (quar.)
6% ■'preferred; (quar.i !i!____
8-1
7-20
6-19
6-29
•7-15
75c
7-
1
6-30
7-15*
7-3
7-10
7-
1
6-30
>
7
7-12
2
(this paymt. clears all arrears)
Process
Co.,
(quar.)
1
i
$1%
Cement
Sugar,
.,
.
2
7-
2
$1.50 pfd.
6-17
of Rec.
7
7-15
7-15
8-
(interim); 11 l/10c
9/10c
1
30c
Ford Motor, Ltd.—
Foundation Industrial Engineering—-
1
7-
$i v2
6-25
1.
Co.,
Richmond
Northwestern
$iy2
8-
$1%
7-
=
Telephone,- /Ltd.
Confectionery
&
Penn
10c
——7
•
56'4 c
Corp. (initial)
8
.
,x$l»
(quar.)——.
1
Pavc.ble
preferred
American Aggregates Corp., 5% pfd.
Portland
Shares
preferred
7-
sham
,
(irregular)-Steel, 7% pfd. (quar.)__
Allentown-Bethlehem
Amalgamated
Fund
67i>
Light
England!Power
\
prior
6-21
6-24
50c
Edison
England
$1%
$1"4
.
6-29
Paper
Gas &
New
*vl.5e
(quar.)
60c
(quar.)__
preferred
New
*j;$i.60
(quar.)—__
pfd. (quar.)
Cable Corp., 77& preferred
General Gas & Elec., $5 prior pfd.
Iron
Ludlum
Trust
Paper,
Bedford
Ltd., ;7%
New Brunswick
1
-.-
^
com.
preferred
67<>
(Wm.)
preferred
7-31
7-
—_
(quar.)
Department Stores,
Products,
1
6-23
50c
(quar.i—.
common
convertible
Shops, $6 prior pfd.
(irregular)__/__
7-15
Old
(accum.)
lOc
Name of Company
x
Co.,
Fundamental
Holders
preferred
7-12
(quar.)_______ x37*/2C
Shirt
*>;Commou
•
preferred
77;
r
77c
7-26
25c
National Tea Co., 5*/2%
.
—
6-24
$1
(quar.)_-_
6-30
.
(s-a)
7-15
6-30
$1.20 preferred
Mfg.
2
'
(Toronto)
1
6-30
7-
7-12
■
Life
8-
7-15
8-15
8-10
- .$l.*/4 •,
,;'$1V2^, //.7-/1:'
7rl5 •
10c
7- 1
$1%
7-31
25c
r__
—
7-15
8-
7-
_•
common
1
7-21
-;,/6-30
$2
(accum)———————
6-10
8-
$1
10
$1*4 x
50c
»> •
■
Mfg.,
-.7-xl
iquar.)-^--—$1%7
.;,$4
;
6-19xt
2'4 c
A
%$3
Transportation Co.—
Talcum
15c
2*4C
loc
6-24
1
,47-24/
=:
$10
•
;■
—,
7-20
$1%
75c
1
6-24
6-19
common
25c
(Toronto)_c—_-77
1
1/f
Motor
National
7-
1
25c
6-24
,;7-26).
x
6
6-30
7-15
7-
(irregular)
&
6
7-
7-
8-14
Aviation; Corp,
Chemical
7-
7-15
7c
•
(quar.)
certificates Series
9
7-
-
(quar.i
(quar.l___
Inc.:-
6-2 L
25c
!______
partic.
Bearing—
convertible preferred
$l*/2
$iy2
.
A
6-21
1
50c
Investors, 60c prior pfd. (accum.)__
Narragansett Electric, 4*/2%
pfd. <quar.)__
Nation-Wide Securities' Co. (Colo.)—
7-15
7%c
(quar.)
Sugar Associates—
Fibreboard
rec¬
(resumed)
Co.
7-
1
7-
$3*/2
preferred (s-a)
Reclaiming (quar.)
participating
Munsingwear,
-
$1%
Exchange Buffet Corp. (resumed)
Faber, Coe & Gregg, 1% preferred
table in
Further details and
A
6
7-15
7-15
lie
>
Mutual
«
common
Magnesia
preferred
Fair
Corp.
Calculating Machine,
preferred
2
7-
$l'/2
7%
Corp.—
7-15
7-
8-
25c
pfd. A (quar.)
(quar.).__
Steel
Pressed
6-30
7-13
25c
6%
Molinc
1
6-30
7-15
$1.31*4
(irregular)
class
Inc.—
37*/s>c
Products
Shoe
7-15
65c
25c
Steel,
7-15
$2
50c
20c
Moline Pressed
7-5
6-25
(quar.i
_______
7-22
7
9-15
5
(quar.)___
Fund
7-15
8-
1A
7-
Corp.x_:
Medusa Portland Cement,
$3
6-30
9-1
10-
25c
(quar.)___
National
/ Excelsior
2460
The dividends announced this week are:
•
Bond
7-31
$1%
Extra-
1
10c
I'M- preferred
(quar.)
Employers Group Associates (quar.)——
Equitable Fire Ins. (Charleston, S. C.)—
Semi-Annually
i
Eureka Pipe, Line Co.
=
2056
When
preferred
National Money Corp..
/ Emerson Electric
157.
Per
Co.
6-30
,9c
■
1
6-21
;
Electric—
6^29
50c
(quar.)—
7-
1 V.
7-31
$2
Corp._x
7-15
Edwards
*
many cases are
Gas &
6-30
.
-7-15*
8-15
50c
—
Light
2
7-
25c
—
second
Fund
Electric
8-13
&
$5
2353
previously announced, but
payments, in
5*/2%
7-6
■'W'
Drug Co.,
Eastern
-
the company name in our "General
Corporation
Investment News Department" in the week when
declared.
Auto
7-31
3
7-
■
15c
^
9-
■
2
7-20
$1 *4
(resumed.)
Belt Co., common
(quar.)
6xk% "preferred
(quar.)_
Longhorn Portland Cement
Zellerbach
4*4%
a
Co.
8-13
•
9-15
7-15
8-2
30c
L
:
Tailors
National
Federated
follow with
we
(Irregular)
(quar.)l__
Custom
Link
$iV2-:
A
75c
,
8-
8
6-30
10- 1
75c
Lindsay (C. W.) & Co., 6*/2% pfd! (accum.)
(quar.)
Extra
1565
2257
1
Oct
Volume
in
Water
National
Eastern
Aug
Co,
6-24
7-13
50c
.
3
—7— *"*
preferred
(quar.)
Dwight Mfg. (Irregular)
*
under
Augusta
preferred
Chemical
Dow
*
1
and
6%
7-15
Gas
Dominion Fire Insurance
*
•
which have not yet been paid.
ord of past dividend
Atlantic
Leece-Neville
7-8
7-1
•
7-
7-15
x
62 */2 c
preferred (quar.)__
3
(quar.)
:-5%-
1
week.
current
Atchison
Leonard
6%
1
7-15
$l*/2
7-
-
class
6-19
20c
6-30
'
1 */2r4
:
7-
$3*/2
preferred (s-a)_4
7-
•_
•
7- 9
common___
6-10
=-
Power, 6%
7-16
25c
50c
Dempster Mill Mfg. (Increased quar.)
1Derby Oil & Refining, $4 conv. pfd. (accum.) v
Diamond Ginger Ale (quar.)
7—^—4—
2456
Dividends are grouped in two separate tables. In the
first we bring together all the dividends announced the
$1.25
Lenox-
7-12
2
•,
;
8-15
Inc.
8-
Davidson
DIVIDENDS
4*/2%
6-25
7-5:
8-
$1%
Co.
(quar.)
Southern, $6 pfd. (accum.)
6-30
8-25
12'/2c
;
7-15
Edison
&
7-15
15c
6-15
<
(quar.)__
6-30
",'7-15
(s-a>—Hi
Lebanon Valley Gas,
Lee Rubber & Tire
7-1
7 7c preferred (quar.)
43%c
Corp., $5 conv. pfd. (quar.)
$l*/4
Drug Stores (quar.)
25c
C. W. Liquidating Co.—
7;v,.
(Liquidating) formerly known as CrockerWheeler Elec. Mlg.
—:/■$$:
Darling Stores Corp., 67c preferred (quit
2455
1
Aug
Mfg., 7%
of Del.,
Company,
7-20
Cunningham
6%
5*/2.%
6-30
Corp.
preferred
Loomis-Sayles Mutual Fund
•
7-10
6-30
7-15
8c
$1%
•
_
7-20
7U5
63c
Lawrence Gas & Electric: (quar.)_
Leath & Co., $2.50 preferred (quar.)_L./_i_'
5
6-21
31 *4c
;
;
7-10
Crown
Fairbanks
Amerada
2
8-
7-
(Reading, Pa.)
x
25c
tW. B.) Po., common—
—1
25c
77c
preferred
(quar.),..„,$i?4x
*
1
(Rudolph)
^Announcement
Alpha
6-18
'
Wurlitzer
Alabama
1 ''
Coon
Crown
Aug
—
which
1
Realty—
Cigar Corp.—
*
1st
1924
2
7-
6-19
•=
6-30
20c
"'".$2;^
—_
■
partic.; preferred
*
15-yr.- 7% gold debentures extended at 5% to 1947—Nov
Wood, Alexander & James, Ltd., 1st mtge. 6s, dated
•
Lane
(quar.)__
^
1
-...Aug
Co.—
6-30
.
—
Oil
7-15
Chemical Industries,
3
3% debs., due 1959
Aug
mtge. 3%% bonds, due 1967—Aug
Corp., Ltd., 1st mtge. 5$, series A,
United Amusement
67c
(quar.)
Aug
California,
Co.,
La Plant-Choate
8-
6-19
-7--1
,
30c
60c pfd. (quar.)
Brewing (irregular)/__
Lamson
7-
x
$2*/2
Creamery,
7-'9
$1*4
j;10c
68%c$2
)•: 17c
•••$!.%'•
$1
•
,$iy4''
v ""- l5d
7-1
»
'
preferred (quar.)______
Fund, series B-3
^
8- 8
-
27*/2c
;
32c
S-4
7-9
(irregular)——
A
Aug
—
1951
Series
2
(quarO
(quar.).
Special
7-16
2
(quar;)
common
Inc;,:common.__;.
convertible
8-
preferred
preferred
6*/2%
1
Shell Union Oil Corp., 2%% sinking fund debs, due 1961-July 15
Sinclair Oil Corp, 12-yr. 3%% debentures, due 1950
Aug
1
of
$1.25
8-
Ltd.—
preferred
$l*/2
1
Aug
:
July
Shawinigan Water & Power Co., 1st mtge. & collat. trust
sinking fund 4% bonds, series F, due 1961
Oct
Co.
Kennedy's
Keystone Custodian
8-15
(C. G.), Ltd., common (quar.)
Consolidated
2453
'
Oil
6-26
t$3y2
Corp
Extra
2352
1956-
bonds due 1947__
Safe Harbor Water Power Corp.—
1st. mortgage 4 */2 % bonds due 1979
Seaboard Oil Co. of Delaware, scrip certificates
Terminal
6-26
Kreuger (G.)
pfd. (quar.)
Consolidated Ctor Heating^.—'
2255
4*/2%
Union
Co.,
Iron
&
Mills
Connecticut River
2255
1
15
Nov
—
Union
5 V2 (/o
preferred A
(s-a)
x,5% /preferred B »(s*a)
Kahler Corp-.
1
}37*/2c
(irregular)
conv.
6 %
*
1st mtge; bonds, due 1958—
-July 21
Hepublic Aviation porp.y 2nd pfd. stock——
July 1
Republic Steel Corp. gen; mtge. 4 */2s, series B, due X961_Aug
1
Rochester Central Power' Corp. 5%
gold (debentures,
series A, dated 1928
—July 21
Itoman, Catholic Bishop of Portland 1st mtge., series K
bonds, due 1958
July 14
St. Joseph Ry., Light, Heat & Power Co.—
mortgage
Fuel
Columbia
Commodity
1745
9
________
stock,
1st
5-
•6-15
6-29
(quar.)__^
redeemable
Consumers
Phillips Petroleum Co.,
,
6-30
Manufacturing,
(s-a)—_
Automatic Machine—
Commonwealth
-July 21
Electric Power Co.—
1st mtge. 5 yj% : bonds due 1972
Philip Morris & Co., Ltd., Inc.— :
Preferred
6-30
25c
James
3
pfd.
5%
Terminal
preferred
Colorado
July
•
Preferred
6-30
7-20
'.
15c
Co.
77c
—
Corp.,
7-20
75c
'
Philadelphia
'
6-30
81 '4 c
7-
Co.
Development
6%
2152
2252
-Aug
—
debentures, due
—1—■
Pacific
Colon
2151
1
iAug
debentures due 1949—
North American Co., 3%%
debentures, due 1954—^
North American Co., 3%%
debentures, due 1954
Norwell, Inc., 6% 1st mtge. bonds, dated 1936—
4%
6-24
7-20
30c
(quar.)__l.
Commonwealth
1
!___
•
_________
Inc.,
6-30
8-20
2
6-24
$1%
9-15
8-
7-15
6-30
—
87*/2C
6
6-30
7-15
.
2
8-
nv/2
(quar.)____
Conn.)
preferred
(quar:)
Light & Power—
preferred A (accum;)
*/2 c/c preferred B (accum.)
7c preferred C (accum.)
_•_
com.
A
Electric
6
5-15
8- 2
.
7lfo
6-30
6-30
9-10.
tnva
7%
.
Iowa
2
"7-1
6-30
8-20
15c
xi 6-28
6
7-10
Ltd.—
(quar.)/
(Bridgeport,
7-15
7-
1
(quar.)
■
«>
1
conv.
Pictures,
preference
Mortgage
Knudsen
1st preferred
7%.
.
*
2151
2151
1
& Sons, Inc., preferred stock—
Products Corp.—
Paramount
convertible
7-15*
(aiccum.)'—
Coca-Cola Bottling Co.
of Chicago, (irreg.i
Coca-Cola Bottling Co. of Los Angeles (irreg.)
2349
1
1949____—Aug
due
Co.
6V2%
Distillers
10-yr. 3*/2%
•
6-22
■
1
$lJ/a
25c
Cleveland
A, due 1958-Sep
ser.
Lexington Ry. Co. 1st mtge, 5% bonds,
Majestic Radio & Television Corp.—
10-yr. 5% debentures
Marcy unstamped bonds
6%
6-19
8-
Industries,
preference
Common
7
Metal
convertible
Investors
8
8-16
8-
8-
Machines Corp.-—
67c
6-30
-7
$1*4
;
International
7-15
2
Corp
Transit
Cincinnati Postal
Kansas City Gas Co., 1st mtge. 5s, due 1946
Aug
1
Keith-Albee-Orpheum Corp., 1% cumul. conv. pfd. stock_July 31
Kresge Department Stores, Inc., 4% preferred stock
July 7
Lehigh Valley Coal Co.—
1st
Republic
2252
preferred
Interstate Bakeries
•6s,
7-16
Business
—+$iy4
common
Power,
7-13
8-12
6-30
1
$0.0212
Quarterly,.
■
8-
Extra
Charleston
Rys.
1st lien & ref.
York
New
1
stock
6%
International
,
6-20
(quar.i—.4
pfd.
7%
8- 2
9-
$3*/2
Group /Shares
.
75c
(quar.)
Investment
Central
debentures, due 1954
Inc.,
Insurance
j_
Process
preferred
Central
Central
Houston Oil Co. of Texas, 4Vi%
International
Franklin
4*/a%
2446
Corp.—
Higgins Industries.
Co.,
of Reo,
40c
$m
Institutional, Securities,/Ltd.—
'
pfd. (quar.)
(irregular)..—
Co., Ltd.,
Bronze
Holders
Payable
Associated Telephone—preferred ,(quar.);^_i.-i.i______________
$5
•
7-15 :
$5
;
2
6-20
J25c
20c
.
$3
Central Hudson Gas & Electric,
due 1956__July20
A,
ser.
convertible debentures, series B, due 1951—Aug
15-yr. 5 7o
'
—___'
,
bonds,
fit coll. trust 4%
mtge.
Starch
Central
Eastern Gas & Fuel Associates—
1st
7-
'
8-31
$1%
t62V2c
:25c
.—J.
Power,
When
share
Company
Hardart
(N. Y.) common.
preferred
(quar.)
Statler,
7%
preferred...
5 'it
Hotel
8-31
pfd. (quar.) '
'.Canadian Investors Corp; (quar.i—^.
Cannon Shoe, 5*/2 % preferred (irregular) —7;
lst .mtge, 3y4 %
•.
preferred (quar.)»—__
common
(resumed).-—
'.7-15
'
25c
,5%
preferred
(quar.)
^
Canadian Fairbanks-Morse, 6%
1
■
.
Colorado &
______
(s-a)
Co.,
Canadian
1
,
Eleetric Co.—'•
&
(qt^ar.)
5%
Electric
Campbell
Canada
Chicago & Western Indiana RR. Co.—
1st & ref.; mtge. 4V4%: series D bonds, due 1962
Cincinnati Oas
,
Ry.—
20-yr.. 4i/2% collateral trust bonds, due 1946_>
Sep
Chesapeake & Ohio Ry.—
'
:Ref. & imprOv; 3%% bonds, series E, due 1996____—Aug
,
•
,
bonds due 1949__
Butler Hall 1st mtge. bonds, due 1947__—
Canadian Food Products, Ltd., 6% debentures
,
2008
Pulp & Paper Co., Inc.—
Bedford
1st
1
2
________-Aug
7-15
.
/ 6-25
Buckeye Pipe Line Co.
Buck Hill Falls Co.-(quar.)—I2y2c
Burger Brewing, 8% preferred (quar.)__-_ji■- $1
Butler Mfg.; common
50c
) 6%
preferred (quar.)
—w—i.-—$iy2
Byers (A. M.)* Co.—
77c preferred (accum.).
Representing the
quarterly dividend
of $1.75 and in-v
terest
theron ___'
' ' $1.77
2443
Horn 81
Indiana
Boylston Market Association
Brompton Pulp & Paper (quar.)
1417
Locomotive Works—
conv.
(quar.)
Per
Name of
,7-20
7-21
:
Co.,
4J/a% preferred (quar<)
—$134#
Botany Worsted Mills, $iy4 preferred (quar.)
/, 3iy4c
Bourjois, Inc., $2.55 preferred (quar,)—_—
68%c
,
Baldwin
75c
12*/2c
$1V2
.
■
1
s.
pfd.
(quar.)
Bobbs-Merrlll
of Delaware—
'1st mtge." 20-yr. 4%
Co., common
Corp.^
Blue Ribbon
2141
——
—-
Armour & Co.
preferred
$7
2208
Aircraft
(quar.)
8-2
$1.60 participating class A (accum,.$806.'
Belding-Corticelli, Ltd.y common (quar,)-J$1
-7%
preferred
(quar^)——4•
i$l%
Belt R.R. & Stock Yards, common (quar.)
' -x 50c
6% preferred (quar.)———————
75c
Benson &
Hedges, $2 conv. pfd. iquar.)__
50c
Birtman Electric
Page
Company and'Issue—
preferred
Co.
(quar.)
Bankers Commercial Corp., 6%
Beath (W. D.) 8s Son, Ltd.—
llWIiS&lNotices llilllii
Below will be found
Rubber
Holders
-
Payable \of flee.
•
•
Monday, July 5, 1943
$1*4
(quar.)
,
7-
1
6-26
'
Can
Co.,
Co.
5%
prior pfd.
(irregular)
(quar.)
_______
$1%
50c
6-30
6-25
8-
7-20
2
X
Volume
""
Number 4191
158
'
•".4&Y.
<■•■?
••>
<
(quar.)
Shaler-Co., class A
dkss B
i._.r
____
Co.
Simmons
Sioux
$1.50
.South
(accum.)
Edison
California
37'Ac
8-15
7-20
pfd; (quar.)
$1%
—J__10c
7-10
6-18
1
6-18
4%
7-
9
6-29
7-1
6-20
7-
1
6-20
7-
1
6-20
7-
—
6-30
8-
2
7-15
8-
37'Ac
50c
50c
G
2
7-15
-
6
7-20
7-
6-30
6-22
preferred
(accum.)
6-30
6-23
6-30
6-25
6-21
6-29
6-28
6-30
1
11-24
8-23
7-22
6-30
6-25
12-
7-
6-19
Unipn Electric Co. of Missouri—
$4% preferred* (quar.)
8
Union Oil 'of California
4%
Foil, 1% preferred (accum.)
Holding Co. (irregular)
S.
U.
S.
6
7-
6-30
6-24
30c
$3'/a
—.
7-15
6-30
6-24
-
7-2*
British'Columbia'Power
7-
6
'Columbia
British'
5%
Electric
prior; preferred
•
7-31
7-21
62'/ac
9-15
62'Ac
12- 5
Upresit Metal Corp., 8% preferred (accum.)
$2
Upson Co., 7% preferred (quar.)—$13A
Vagabond Coach Mfg
•
;
——_
10c
10-1
1
6-15
6-18
6-15
25c
7-15
7-
8
$1'A
7-15
7-
1
Canada
26c
7-15
7-
1
$1^4
20c
5c
37%G.
$1 vs
$1'A
12'Ac
87'Ac
7-15
7-
1
(quarterly)
Common
■
.
Common
4
'
■
—
(quarterly)
—
—
•
Vadsco Sales
as
Van Sciver ( J.
v
9-1
(Hh
—
B.) Co,-— Y""
'
(quar.)_
non-cumulative B preferred
i y
if 5%
7%
preferred C
Vertientes-Camaguey
Warren
—
(quar )_—
Sugar—
.
Chemical-.
Refining <fe
—-
Washington Gas Light (D: C.}, com; (quar.)
$4'A preferred (quar.)-,—— ———
$5 preferred
(quar.)-___
_______
Weinberger Drug Stores (quar.).
Western Light & Tele. Co.. $1.75 pfd. (s-a)_
Villa
0%
Grocers.
Line, Inc., 5%
Wilson
Woolworth
W.)
iF.
&
Canadian Breweries, .$3.40 conv.
8-
2
7-15
8-10
7-24
$2.10
7-24
1
6-26
7-
6-
6-18
Canadian Foreign
8-
2
7-10
7-
1
6-15
8-
8-16
Canadian Industries,
Class
2
7%
8-16
7-
4
8-21
7-
4
$1'A
$1%
7-
1
6-28
7-
1
6-28
20c
25c
7-
1
6-28
8-20.
5%
9-
1
10-
1
8-
1
7-15
8-
$1%
20c
37y2c
1
7-15
Class
Cotton
6-30
7-15
preferred (quar.)
Stores Corp.,
common
Aluminum Co. of Canada, 5%
3
7-16
$1'A
10-
1
12-29
15c
(quar.)
7-
2
$1'A
pfd.
7-15
8-
7-20
Y
:
common———
2%
?$1
8- 3
7-21
10-
37V2C
.
7-15
9-17
7-15
f$l,19
1
9-15
$13A
9-30
37J/2c
70c
6c
25c
25c
50c
$13A
12-31
12-15
$30c
7-10
6-10
$1.06'A
7-15
25c
7-15
$1 'A
7-15
preferred (quar.)
——preferred (quar.)
Amalgamated Electric Corp., Ltd., (interim)
American Airlines, $4.25 conv. pfd. (quar.)_
American
Alliance
Insurance
American Asphalt Roof, 6%
Central
American
American Cities
.
stock-
Mfg.,
Power
(quar.)
34%c in
A
7-
1
common
'
7- 6
Consolidated
&
cash
7-12
or
9-11
1
Telegraph (N. J,)—
7-15
$l»/4
1% pfd, A (quar.)
(quar.)—.
—
$13A
9-
12-
5%
pfd. (quar,)__
American Fidelity & Casualty (Rich.) (quar.)
American Fork & Hoe, 6%. preferred (quar.)
8-16
American Fruit
Lines,
■<
-
7%
7%
pfd.
7-
3
7-20
7-
9
8-
7-15
7-14*
2
7-
9-25
10- 1
50c
American
7%
1st
American
American Telephone Co.
American Woolen,
(Abilene Kansas)
85
conv.
10- I
7-15
•
Insurance
8-31
8-
6
7-31
7-
2
7-15
7-
1
$1'A
7-15
6-30
$2.25
7-15
6-15
50C
—
Culver & Port Clinton RR.
50C
8-
25C
7-19
2
7-20
7-
9
prior
7%
7-15
7- 6
Mfg..Co.,,8% "debentures (quar;)__
$2
75c
75e
8- 2
8- 2
9-1
75c
12-1
8-16
11-13
1
10- 1
7%
—
Edison
pfd.
(quar.)
&
Detroit Hillsdale
Michigan Stove,
Steel
Diamond
Distillers
Co.,
7-16
Dominion
Bank
of
75c
7-
6
6-19
Dominion
Glass
Co.,
$2.25
7-
6
6-19
y yy •;
Stores
Mines,
pfd.
pfd.
7-10
75c
9-
1
8-12
$iy4
8- 2
7-15
7-15
6-30
6-30
7-15
6-28
,
■:
7-30
f$2
(quar.)*
+$1.25
7-15
$$1.75
7-15
common
(quar.)_____
..'
15c
t40c
(quar.)________
.
■
// v.,;■: j
8-
2
■
6-28
vr,.:
7-8
6-30
7-15
12-30
9-20
12-20
8- 2
8- 2
6-30
6-30
7-8
4-18
7-30
7-15
6-29
6-30
7-15
<7-15
:
(quar.)
7-20
7-17
6-30
6-30*
6-30*
8-17
7-15
.:>
6-30
6-30
6-15:
•
137 'Ac
50c
,150c
preferred .(quar.)
pfd. ($5 par) (quar.)
—
two payments shown above are pay-
8-16
6"15
6-19
7-15
7-20
7-15
6-15
6-25
$13A
83Ac
(quar.)
7-15
7-15
$13.50
$1'A
—
—
7-24
7-24
8-2
8-2
7-6
7- 6
-
% able in U. S. funds, less Canadian non- •
a
resident t&x
-
Util!
*
'*■'
*
*■
-
*
*
(quar.)
Subject to the approval of the S.E.C.-—
Int'tional
Interstate
Dept.
Stores,
Investors
Fund
Fireman
$1%
"C"
Mfg.,
conv.
175c
10c
30c
pfd. (quar.)
Inc.^.
common
(quar.)
______—
30c
10c
20c
Ltd.—
preferred (quar.) —
—
Laughlin Steel, common
______
Joplin Water Works, 6% pfd. (quar.)__.
$1.06'A
50c
$1'A
Common
(quay.)— ______
Tronrite Ironer, common
8%
\
87'Ac
25c
common
(quar.)_^
Investment Foundation 6%
Iron
!
1
Corp., $3.50 prior pfd.
7%^ preferred
preferred
(quar.)
^
j
7-21
6-16
7- 7
8- 1
7-15
,
8- 1
6-15
7-15
7-15
9- 1
12- 1
8- 2
8- 2
.
6-3Q
8-10
11-10*
7-15
7-15
Jamaica Public Service Co.,
Julian
&
Kokenge Co.
Kalamazoo
/
—
—
Stove
&
Furnace
(quar.) A——_
(irregular)—
Kellogg Switchboard & Supply, common
Kentucky Utilities, 6% pfd. (quar,)
Kroger Grocery & Baking—
7% 2nd preferred (quar.)
Kaufman
10- 1
8- 1
7-28
9-15
6-19
7-16
7- 1
7- 1
Allegan & Grand Rapids RR. Co.—
Semi-annual
Kalamazoo
——.—.
8- 2
7-6
7-15
7-15
$2.95
15c
15c
&
7-19
6- ;4
50c
4'A%
Jones
6-30
(s-a)__
7-20
7-15
8- 2
8-16
8-16
7-30
8- 1
7-15
7-15
7-15
7-15
9- 1
9-30
$1'A
50c
$20c
7-7
(quar.)
(quar.)
Canada
Ltd.,
The
8- 5
7-15
7%
7%
-
part.
Ltd." (quar.)
Preferred
y. •^yy
8-16
$4
7- 8
5%
20c
30c
(s-a)
International Milling, 5% preferred
International Nickel (Canada)—
6-19
25c
6%
Corp.-Seagrams,.,.5%
Home
5
50c
(quar.)
Products
Match
2
yy
pfd.
7-
$2
(s-a)
(s-a)__Y—
8-
Dixie
5%.
RR
America
North
of
liquidating)
(6th
/
7-10
10-
6-30
7-15
25c
$$2
6 % participating, preferred; (quar.)
International Harvester, common (quar.)-—
International Holdings, Ltd.
International Match Realization Co., Ltd.—
6-28
7-26
Co.
Extra
12-23
7-15
25c
& South Western
12-23
30c
(quar.)
Mfg.
Detroit River Tunnel
Detroit
$13A
$1%
(quar.)
Co.
Detroit Gasket
Dome
v
8%.
(quar.)
preferred
preferred
Detroit
6-25
6-16
7-20
7-20
$1
$1 'A
—
11-29
7-22
11-19
(quar.)__
Co.—
6-28*
Zinc Lead
10c
(s-a)
!
Abbey
& Michigan RR.,
7-10
$2
(accum.)__
8-16
,
Extra
Dayton
Detroit
„__i———
7%: preferred
.
7- 2
7-2
6-30
6-25
7- 6
7-24
7-1
9-18
2c
—
—
.
6-22
50c
7-15
7-10
7-10
7-15
8- 2
7-15
9-30
7-15
$13A
——A.
International Bronze- Powders, Com.
6-30
7-26
6-30
7-15
$1'A
$l'/2
$13A
___—
Bartlett & Co.
Incorporated'Investors
6-30
7-10
10c
—
Banking,, class B (quar.)
Corp.
—1
C^owell-Collier Publishing, 7% pfd. (s-a)
Crum & Forster, common (quar.)
8%
preferred (quar.)
6-31
7-12
7-10
65c
$13A
37y2c
25c
50c
$3V2
30c
$2
8-14
.7-15 v
6-23
6-18
9- 8
6-30
6-5
6- 5
7-15
$1.50
$13A
683Ac
75c
$1
15c
30c
t5c
75c
$1
_____
—
(quar.)
(quar.)
Indianapolis Power & Light, common—;——
8- 6
80c
common
(quar.)
7 % pfd.
Imperial Chemical Industries, Ltd.—
Ordinary shares (final)
8-20
8-5
(s-a)
Insurance
$6 convertible' prior preferred (quar.)____
Dentist's Supply, common (quar?);
7-15
■
8-16
9-1
8-20
8-14
11- 1
60c
(quar.)
(monthly) __
Higgins Industries, 6% preferred (quar.)
Hollinger Consolidated Gold Mines, (monthly)
Home Dairy (Mich.) $2 class A (accum.)—
Household Finance Corp., common (quar.)__
5% preferred (quar.)
Hummejl-Ross Fibre, 6% preferred (quar.)__
Huttig Sash & Door, 7% preferred (quar.)_
7% preferred (quar.)
Hydro-Electric Securities Corp.—
5% preferred class B (s-a)—
_
Imperial Bank of Canada (quar.)
9-18
6-30
50c
pfd.
$2.40 conv.
Co.,
Hibbard Spencer
9-18
,
Brothers
Hershey Chocolate, common (quar.)
$4 convertible preference (quar.):
7-15
6-18
6-18
31'Ac
25c
(quar.)
Dennison
50c
(quar.) ——
Bottle (quar.)
:
—
Cable Co
& Smelting—
preferred (accum.)
Amoskeag Co., common (s-a)
$4.50 preferred
(s-a)
—
American
10- 1
$2
15c
common
3
$1%
American Tel. & Tel.
&
8- 2
7-15
7-15
t75o
12'/2c
'
6-30
Harbison-Walker Refractories Co.—
6-30
$1.87y2
f50c
(s-a)
3
12-15
$l'/8
———
Wire
8- 2
.
6-30
.
l$l,/2
__
Extra
Halle
9-25
12-24
7- 1.
.
20c
Common
Quarterly
American Thermos
(Can.)
9-
9-15
$1.75
preferred (quar.)-—
Seating Co.—
Smelting & Refining, common—
preferred (quar.)—
—
Sumatra Tobacco (extra)
Anaconda
9-30
12-31
8- 2
$l'/4
12-
$1.75
(quar.)
conv.
American
$3
preferred
Cypress
preferred ,(quar.)_—______
4V2%
6-30
7-30
Crosely
American Rolling Mill—
1
7-15
8-16
Credit Utility:
■
1
—
iii—:
Quarterly -
6-30
7-15
20c
—
7-10
25c
(monthly)
National Bank & Tr. Co. (Mobile)
American Paper Goods Coi(
i
9
15c
American Maize Products,, common
■
8-
25c
American Home Products Corp.
American
10c
75c
_______
(quar.)
Creamery Package Mfg. (quar.)
11-25
;
$ 1 'A
Growers
7%
6-15
8-25
1
$l'/4
•
1
$13A
A
Export
7-15
6-30
6-30
Extra
Corn Products Refining,
preferred (quar.)
American Envelope • Co.,
American
7-15
7-15
of Amer
Corp
Continental
10-
-—'
preferred
8- 2
J5c
UlYz
t$l Va
$75c
175c
50c
7- 9*
7-6
7- i
7-10
l$2'/2
(quar.)—
$1.62
8-15
15c
t$l%
(quar.)—
—
y
convertible preferred
$1.25
Container
preferred
(Montreal)
Co.—
Consolidated Royalties, 6% preferred (quar.)
Consolidated Vultee Aircraft, common—
div. series of 1936)
1/32 share of class B
West
2nd
(quar.)____
8% preferred Cquar.).
Light Corp.—
5%
7%
6%
Hartford Electric Light
1
Retail Stores,
8- 2
8- 2
8- 1
7-26
7-15
7-15
9-15
9-15
11-15
8- 2
7- 6
7-15
9-15
7-15
7-6
7* 6
8- 2
25c
HQuar.)
___________
preferred (quar.)_—
Saddlery, 6% 1st pfd. (quar.)__
7-20
7-20
Y.)
(N.
Green (H. L.) Co. (quar.)
Guarantee Co. of North America—
r
:
.(
Great
.
8-16
9- 1
12-
__
Great Lakes Power, 7%
8-15
(quar.)____.
L—11
Extra
6-30
SI
$1.25
$1.25
$l'/2
25c
20c
50c
$1'A
62'Ac
$13A
$13A
______
Insurance
6% preferred
Harrisburg Gas,
6% pfd. (s-a)
Consolidated Mining & Smelting
6-30
8- 2
(opt.
American District
6-30
T/o
American
Lakes Engineering Works
Great
g-15
—
$7.50 preferred
6-18
•
7-15
25C
stock
V:
Great
7-1
7- 1
7-10
7-20
7-20
'
pfd. (quar.)
—
class
$2.75
■
Goulds Pumps,
7- 9*
6-30
6-16
9-15
,
8- 2
7-15
1—
7-10
7-20
,
preferred (quar.)
preferred (accum.)
$10c
(quar.)
7- 1
8-2
6c
(quar.)
$l3/4
$13A
25c
Sl'A
$1V4
$1V2
,
participating preferred (s-a)
7% pfd. (accum.)
pieferred
7-15
■'
preferred (quar.)
5% prior pfd. (s-al
Mills,
9-20
.
Consolidated Edison Co. of. N. Y.-—
$5
7- 7
7-20
6-30
7-17
9-18
7- 9
6-30
6-25
interest
beneficial
of
-
$5 convertible
Consolidated Laundries Corp.—
$3 conv. class A (opt. div. series of 1928)
37l/2c in cash or l/64th share of class B
.
9-30
8- 2
7-15
7-15
10-15
7-15
6-30
7-7
5c
-
Gladding McBean & Co, (quar.)
(quar.)_:
Goodyear Tire & Rubber, common
^
6-30
6-30
7-15
7-15
7-20
'
Sl'/s
(quar.)
(Mass.)—'
Gotham Hosiery Co.; 7 %
(quar.)
Connecticut & Passumpsic RR.,
9-15
7%
Trust
Motors
Gosnold
' 7-15
8- 2
7-15
8-2
10- 1
7-20
7-14
7-26
(quar.)_.
Corp. (quar.)
$4.50 pfd.
11-15
__—
Quarterly
Quarterly
9-16*
12-15
Co.
Golden State Co., Ltd.
____—
7%
•
,
6-30
7-23
,
•
9-15
75c
$3
15c
$2
30c
28c
35c
(irregular)
Corp., $5 pfd. (quar.)
;
Gillette Safety Razor, $5 pfd.
(quar.)—__
Gimbel Brothers, $6 pfd. (quar.)
6-30
40c
9-20
6-30
7-15
7-20
—____
Corp.,
Investors
General
6-30
7-10
6-30
9- 7
Concord Gas Co.,
9-30
______
(resumed)Corp.—
Electric
Certificates
Confederation Life Association (Ontario) —
12-31
(quar.)
Corp.
1
6-30
1
20C
,
7-15
7- 3
preferred--
Electric
General
7- 7
7- 7
7-20
.
(quar.)
com.
7-15
7-31
940
25c
Genera) Finance
7- 7
7-21
;
Electric
Ohio
v
7-31
$3 convertible preferred1 (quar.)
Gardner
6-30
40c
$l,/4
—'
6-30
50c
(quar.)
1st
12-18
.
50C
(quar.) __
Aluminum Manufacturers, common
Fyr-Fyter Co., class A—
Gardner-Denver Co., .common
Community Frosted Food—
9-21
SI'A
preferred
8%
/
8-
Southern
7-23
30c
$1
3c
20c'
50c
25c
\
(quar.)
Fundamental Investors, inc.
■
8-2
6-30
preferred (quar.)——
Alcohols, Ltd.,
,
Brewing
Light, common
General Baking Co., common
9-1
7-15
(quar.)
preferred (quar.)
10- 1
20c
(quar.)
common
6-22
6-18
9-1
SIVi
Commercial
9-30
135c
pfd; (quar.)
7-10
7-31
10- 1
$1*A
6V2%
3
7- 5
10- i
$i%
$l'/4
37Vic
y
Fuhrmann & Schmidt
General
preferred (quar.)—!
Columbus &
6-30
7-
7-20
$2
preferred (quar.)_____
6-19
6-30
7-15
7-15
SI'A
6%
Mfg.,
6-22
7-10
(quar.)
37'Ac
$1.20 preferred (quar.)L
Fruit of the Loom, $3 non-cum.
6-30
(quar.)
pfd.
6-30
6-30
'
7-26
7-15
7-26
7-15
7-15 ; /
25c
$1.183A
75c
—
Grain & Malting,
Froedtert
6-30
Bottling (St. Louis) (quar.)
Columbia Gas & Electric, 5% prefer, (quar.)
5% cum. preferred (quar.)
6 % pfd. A (quarJ
3c
Allied
Common
7-14
7-10
25c
Quarterly
(M. H.) 5%
Fishman
7-15
preferred
7%
Fran.)
Foster Wheeler Corp., 6% prior
Foundation Co. of Canada, Ltd.
Capital
Coca-Cola
25c
$5
Aluminum Goods
'7-24
50c
—
preferred (quar.)—
Alberts Super Markets, 6% pfd. (quar.)
Power,
1
________
Extra—
Alabama
7-
7-15
10c
________
(quar.)—,.
Reduction Co.
:
Bronze
5%
Clinchfieid Coal, 7%
(San
6-30
6-30
7-31
7-31
7-21
General
—
Clinton Water Works,
7-10
20c
Field.
(quar.)__
First State Pawners Society (Chicago) —
General
(quar.)__
Ry.
6-10
;
Rubber—
St
7-15
7-10
,
(quar.)__♦___
Ins.
Fund
Tire
9-11
6-30
6-30
$14A
Sons., common (quar.)
preferred
9-16
9-15
12-15
7-15
7-15
80c
Marshall
under
see
11-20
7- 2
8-16
10- 1
First National Bank of Pittsburgh
.6-30/ /
i50c
150c
Churn go Id Corp. (resumed)-.
Cincinnati New Orleans & Texas Ry.—
1
25c
Addressograph-Multigraph Corp.
Aero Supply Mfg., class B~i_--_
Aetna Standard Engineering, common
Air
7-
(Wm.)
3-21
9- 1
12- 1
7-12
8-30
10- 1
9-30
12-20
50c
$1 Mi
(s-a)
:
(Marshall)
6-30
«
Oil: Co*,
Insurance
Extra
Filene's
General Foods
Chemical Fund,, Inc.
3-31
1
7-15
$1 'A
preferred (quar.)—
Abraham & Strauss (irregular)
Affiliated Fund, Inc
10-
$1
4%
Y
Trust, Ltd.—
$1 .'/a convertible preferred (quar.)
(s-a)____
■
of Reo.
Payable
$1
Fidelity-Phoenix Fire
6-30
6-19
6-21
8-16
;
$2ya
^___
$8 preferred (quar.)
Chase National Bank
Holders
When
30c
'
6-20
1-15
7-15
3c
$iy4
Services
Finance
Corp.
(Wash.,
C.)> common____-_Y______^
6% preferred (quar.)
;
Fenton United Cleaning & Dyeing Co.—
7% preferred ,(quar.)
6-30
(irregular)
Ohio
(quar.)
pfd.
D.
7-31
7-31
5%
properties class B__—._.——
Laboratories, 4% preferred tquar.) —
Quarterly
6-26
•
$1.25
12y2c
15c
,
$5
7-10
6-30
6-26
8- 1
t8- 2
t8- 2
7-15
.
7- 3
7- 3 ';-:
,6-25
Federal
(quar.)
Corporation
Brewing
1-15
(s-a)—
Quarterly
Abbott
7-JL5
7-15
Y
,
—
Metallurgical, $5
General Mills, Inc.
&
6-30
1
7-6
7-15
7-15
7- 6
8- 2
11-1
preferred ; (quar.)
Farmers St Traders Life InsV (Syracuse, N, Y.)
$$1
Clinchfieid
7-15
$3Va
$3
75c
30c
30c
6% preferred (s-a)
Fansteel
J$13A
Consolidated, Inc.
Chickasha
thare
8-25
7-14
Falstaff
/
$15c
Central;Aguirre Associates
Central Cold Storage Co. (quar.)—.—
Central Kansas Power 4%%, pfd. (quar.)__
Chain Store Products—
L Y-'"
dividends announced in previous
The list does not include divi¬
this week, these being given in the
Name of Company
>
9- 1
7-24
7-31
7-31
8-2
7-20
7-15
7-15
8- 2
10- 1
preferred (s-a)_—
Wallpaper Mfrs.', class A___'______
Carolina,
paid.
Per
8-25
8-16
8-16
8-5
7-26
B
Carbons
preceding table.
APW
9- 1
Fireman's
Pacific Ry.—
non-cummulative
Canadian
6-30
$1.25
(quar.)
preferred (quar.)
Eureka Vacuum Cleaner
Canadian
4%
7-15
7.
Railroad,
t$l'/4
$$l»/4
—
& Power
$iya
$5
Firestone
(accumulated)
preferred
7-6
$5 preferred
6-16
7-17
6-30
6-30
——_
————
Canadian Light
give the
announced
B
8- 2
7-20
,
7-15 "
7-15
Erie
-
6-30
153c
150c
:|:$2
Ltd., class A
preferred (quar.)
8- 2
——^
6-23
7-16
7-31
7-31
7-1
6-30
6-30
Investments—
(increased quar.)
Registered
$iya
:
(quar.)
Empire Trust Co. (N. Y.) (quar.) __________
Employers Casualty Co. (Dallas) (quar.) ____
Quarterly
7- 1
Investment, 8% pfd. (quar.)
General
Canadian
4
6-25
2nd preferred
6-30
—
9
6-15
$iy4
tquar.)
preferred (quar.)
Goods—
1st preferred
7-15
Canadian Converters, (quar.)
8-10
•
7-
7-15
7- 5
Extra
(quar.)
preferred
participating
7-24
''
6-30
37y2c
$iya
preferred (quar.)
6%
6-30
t$l3A
t$lJ/a
$85c
pfd. -(quar.)
5-27
$i3A
preferred
7%
7%
Canadian Car & Foundry Co., Leu.—•
10%
•'
dends
7-15
7- 8
(s-a)__________
7- 1
tl5c
LI
7-15
8%
(quar.)—________
Ely & Walker Dry
7-15
(quar.)—
common
6-30
10%
Wrisley (A. B.), 6% pfd. (quar.)
—
7% preferred (quar.)__•_—
Common
(irregular)___•\ Wurlitzer (Rudolph),
common (irreg.)——
:M\ 7% preferred (quar.)—-.——
,'IZellers Ltd., common (quar. >——
Y% 6% preferred (quar.)
———
we
Power,
Canadian Internat'L Investment
•
weeks and not yet
Northern
7
Ltd.—
Co;,
;$•
Ordinary registered
•.—
m American deposit receipts
Below
•
7-31
(quar.)
7-15
8- 2
8-16
8-16
7-22
$1%
$lVi
$l,/a
37V2c
62V2c
10c
—
7-
$l'/a
(quar.)—$1V2
(s-a)
$2'/a
pfd.
1st pfd.
9-15
8-1
Westvaco Chlorine Products, $4% pfd. (quar.)
White
(quar.)__„
RR.
Share, $6
preferred
43A%
(quar.)
Cadwell LinehyMiUs(:$i:50 1st pfd* (quar.)
80c participating 2nd preferred
fq[uar.}—
California-Oregon Power, 7% pfd. (quar.)__
6% preferred (quar.)
________
6% preferred series-of 1927' (quar.)—
California Packing Corp., common (quar.)—
5% preferred" (quarter)
———
Callite Timgsten Corp.'-————
-
class A preferred
5%
7-
2nd "preferred
6%
pfd.
6%' 1st
Tel.,
Bond &
El Paso Electric (Del.), 6%
$5
$50c
±$lJ/2
t$iy2
t38c
j20c
-—
Columbia
British
Corp;
^Vanadium Corp. of America-:-—
(quar.)
'
The above company was formerly known
.
•
(initial)—
common
A
Pennsylvania
Electric
»
7% preferred (quar.);-";
Canada Southern Ry. (s-a)
Laboratories,
Universal
Class
6-30
7-30
(interim)
$iy2 convertible preferred
2%
—
Corp.—
7-
7
Eason Oil,
Field
(s-a)
:
7-15
7-2
7-30
,v':$4»A preferred (quar.$l>/8
Duquense Light, 5% preferred (quar.)__i___
$iy4
Ry.— ~
20c
$1'A
8-2
J30c
30c
7-15
Cordage-Co.,: $1.30 pfd. (quar.)—
$5
6-15
i$l3'a
(irreg.)
common
6-30
7-15
7-15
*
Corporation,
7- 2
7- 9
6-30
7-10
7rl5
——ill—„i
of Reo.
''
(quar.)
7-15
7-15
tlOc
Extra'
•
Brantford
7-10
;
50c
junior pfd. (irreg.)
non-cum.
U.
8-10
ttoldere
7-15
________
7- 6
7-15
8-2'
$32VaC
Bridgeport'Hydraulic.(quar.)__—30c
7-31
8-16
$1 'A
25c
United Cigar-Whelen Stores, pfd. (accum.)—
U. S. Cold Storage, 4% partic. pfd. (quar.)_
■"'{
7-31
8-16
$1 Vfc
(quar.t—r'—------ ••••*,
6-23
6-28
yYyY
__
—.—
1
When
Payable
t$l3A
tlOc
Linoleum, Ltd.
Dunlop Rubber Co., Ltd., ord, reg.
Du Pont (E. I.) de Nemours—
East
—
7-15
7-
—
(quar.)
Duplan
— *.-■
.
8-2
8-1
8- 3
7-20
7-15^
$1
7c
Ault & Wiborg Proprietary 5V2 % pref. (quar.)
J$13/b
Austin Nichols & Co., $5 class A (accum.)—
$2
Baldwin Co., 6% pfd. A (quar.)
$1V2
Bangor Hydro-Electric (quar.)
30c
Barber (W. H.) Co.
25c
Barber & Ellis Co. of Canada, 1% pfd, (s-a)
*$1%
Beath (W. D.) & Sons, class A (accum.)
J80c
Bell Telephone Co. of Canada (quar.)_—
t$2
Benson & Hedges, $2 conv. preferred (quar.)
50c
Bertram (John) & Sons (s-a)
J15C
Extra \
;I„
'
£5c
Best Foods, Inc. (initial)^;
50c
Biltmore Hats; Ltd« (quar.)*——$15c
Birdsboro Steel Foundry & Machine—-1
25c
Black-Clawson Co., common (quar.)
40c
6% preferred (quar;)
$l»/a
Bloomingdale Bros., Inc. (irregular).
22'/2c
Bon Ami, class A (quar:)_
$1
Class B ..(quar.)—
62J/2c
Boston Edison Co.
(quar.)_——_
50c
Boston Personal Property-Trust (quar.)
16c
Bralome Mines, Ltd. "(quar)—
120c
conv.
i
,
&
Extra
6-25
6-30
8- 2
7-10
8-? 2
11- 1
;
'
.
iv$5 preferred
;
Oilcloth
Dominion
Per
Y
7%
,
$2'/2
25c
62y2C
62VaC
(s-a)——
Corp., $2.50 prior pref (quar.)
(quar.)
Refining Co.—
pfd. A (quar.)
Avondalte Mills, common—
__
■
,
$2.50 prior preference
1
7-
7-15
$3'A
$1'A
50c,
Thermatomic CarbonJ (quar.)———1-——
$4
i
$5 preferred (s-a)
— ,
"
$2VA;
Tobhrn Gold Mines-, Ltd._"—:
--"$lc
Torrington Manufacturing Co.
50c
Towle
Mfg.
(quar.)
$1V2
Troy Sunshade Co. (quar.)
:
50c
Turner Day & Woolworth Handle (irregular)
40c
.
(quar.)
7-22
6-15
7-20
; 7-10:^■;
''6r X '' 8-13;'.,
9- 1
8-13
25c
$1,M«
$1%
Atlantic
7-
1—
Refrigeration & Warehouse (s-a)_
Textile Banking (N. Y.) (quar.)_____J
•
t$l
■
of Company
preferred (quar.)il__
& Chemical, 5Va% pfd. (quar.)
Textile,
Dominion Tar
Atchison, Topeka & Santa Fe Ry. Co.—
5% non-cumulative preferred
Athey Truss Wheel Co.
Terminal
i
.
Atlantic Rayon
(quar.)._j———-
convertible
6-22
„
6-25
Taylor-Colquitt (quar.)
"Tennessee Central Ry.—
1%
1
(s-a)'
Co. (quar.)
—
Associated Dry Goods, 6%
1st pfd.
7% 2nd preferred (quar.)
6-22
Super Mold Corp. (Calif.) (quar.)—
.
6-18
6
1
(quar.)
7%
__
preferred
6-18
'
Apponaug
7*
-
6%
Ar\s$o-Huronian, Ltd.
7-
1
Dominion
V:
share
■
Name
6-30
7-15
15c
common
:■ y
•
Holdert
of Rec.
Payable
share
7-1
Sport Products, Inc. (irregular)
40c
Springfield City Water, 7% pfd. A (quar.)—•
$1%
fi 7% preferred B (quar.)
J
$1%
6%
preferred (quar.)___—$l'A
Stetson (John B.) Co., Vic pfd. (accum.)—
$2
i
Stoney Brook BE. Corp. (s-a)
$2'/a
Sun Ray Drug
Co., common
.;
—
20c
.r*
6-23
7-
—40c
Franklin Process,
Common
Glass,
6-24
-—$2'/2
_
Southern
Hocking
6-24
(Lexington, Ky.)—
Southern
Anchor
7-14
$ 1 Va
preferred
$5
(quar.)
__
.Southeastern Invest." Trust
;
iquar.j—
Name of Company
-
6-23
1
7-
25c
37'Ac
37'Ac
—_—
common
participating preferred
Western R. .R,
Extra1
.
Yards,
7-
10c
'
(irregular) _•
Stock
City
Y
50c
o/ Rec.
Payable
When
Per
,
-
_—
*•*:v
Holders
When
Per
Share •<,
Name ot Company
'
,
Department
Stores
15c
•
7-31
s&l'A
7-15
7- 7
6-30
Y $1%
8- 2
7-13
>
THE COMMERCIAL & FINANCIAL CHRONICLE
48
Per
Name of
Holders
share
Company
When
Payable
of Re o.
Per
Name of Company
When
share
Monday, July 5, 1943
Holders
Payable
-•
of Rec.
Plant
Landis
Choate
Mfg.
Machine,
Common
7%
$1 conv.
25c
7%
convertible
11-
5
Northern Central
4
Northern
4
$l3/4
preferred
conv.
preferred
12-
2
9-11
9-
3
t50c
(accum.)
12-15
150c
(accum.)
9-15
9-
12-11
12-
3
50c
7-15
6-30
7-15
6-30
75c
7-15
6-30
$3
12-31
40c
37J/2c
$1
$2c
50c
$$ ™
tlOc
$1.30
87'/2c
7-26
8- 2
10- 1
" 8-14
7-15
8- 2
8- 2
7-15
8- 1
8- 1
i
v'
—
Lerner
Mines,
Ltd.
(quar.)—.————
Stores
Corp., common.—..———
preferred (quar.)—_
——
Brothe-s. Ltd.>• (interim)——-
4V2%
Levy
Lexington Telephone Co., 5.2% pfd. (quar.)
Liberty Loan Corp., $3'/a preferred (quar.)—
Lincoln Nat'l Life Insurance find.) (Quar.)..
Quarterly
5%
30c
50c
1
Lincoln Tel.
Class
30c
(Del.)
& Tel.
class A
(quar.),.
(s-a)
Loft
Co.,
Candy
Corp.
&
Elec.
5%
pfd.
($100
par)
pfd.
($25 par)
Lunkenheimer Co.,
(I.)
& Co., 6%
preferred (quar.)
Oil
7%
1
11-20
11-20
$2
37^c
8- 2
7-24
7-16
6-30
$l'/4
31'Ac
7-15
7-15
6-30
preferred (quar.)—
$1.623/2
—$1.62V2
10- 1
1-3-44
—-A,A
_
Field
Corp.
50c
7-15
7-15
7-10
6-19
$173/2c
7-15
6-19
tl7V2c
7-15
6-19
—______.
20c
7-31
—
37V2c
7-15
6-30
25c
7-10
6-15
Trust
22c
7-20
6-30
62'/2c
7-15
6-30
8-
7-
(irregular)__
(quar.)—
$3
C.)
Stores
7%
preferred
(nuar.)_
McCall, Corporation
McColl-Frontenac
(quar.)—
_
Co..
preferred
6%
8-14
6-30
9-
&
(quar.)
(quar.)
—*
Mining,
East
Dome
&
Proprietary Mines, Ltd.
7-15
7-15
6-30
8-
7-20
2
7-12
8-1
preferred
prior
preferred
Puget Sound
Putnam
Mercantile
Acceptance
Corp. of Calif.—
5%
preferred
preferred
(quar.)
Merchants
M'dwest
Mill
National
25c
Bank
(Chicago)
(s-a)
Piping & Supplv__
Creek &
Mine
Hill
&
RR.
ValDy
Water,
7%
(quar.)
Quaker Oats
Fund
Co.,
Quebec Power
6%
Co.
Loan. Society, class A_
Power, $6 preferred (quar.)
Ward & Co., com.
(quar.)
Montreal Light Heat & Power Cons, (quar.)
$1
7-15
6-30
Telegraph Co.
iWm.
Quarterlv
Morris
R.)
Plan
&
_
Diablo
Quarterly
Oil
—_
5%
preferred
Mutual
Chemmal
6%
6%
Auto
7-20
$1%
9-15
9-15
$1%
12-15
12-15
t$l.V2
7-15
6-19
f75C
7-15
6-19
7-15
t5c
7-15
$2
7-15
t7c
7-7
6-
4
$iy»
7-15
7-
5
50c
7-15
6-15
'
50c
"■
(quar. )_____,
pfd.
>.
Register
City Bank
City Lines,
(N.
Y.)
Inc.,
preferred
8
6-26
$1
9- 3
8-15
7-20
6-30
7-20
6-30
7-15
6-30
9-28
12-28
12-16
7-15
7-15
6-30
15c
12-
1
11-10
10-15
9-10
$1%
8-13
7-151.
6-11«
15c
7^15
6-30
25c
__
8-31
30c
—
A
Electric
7-15
P-30
50c
8-
.'
2
7-10
50c
8-
1
.a 7-17
75c
(quar.)
(quar.)
Quarterlv
Machine
:
___
National Erie,
3%
Welding
5%
non-cum.
1st pfd.
preferred (s-a)
non-cum.
2nd
8-
1
7-17
(quar.)
National Funding Corp. class A
B
National
(quar.;_
(s-a)
_
Investors
Corp.
Cotton
Marcus Co..
Newark Telephone.
$5
New
preferred
York
Niaenra
(s-a)
A
(quar.)______f—
pfd.
6%
(ouar.).___
pfd.
&
(quar.)_____!
RR.
Corp.
B
Dry
(quar.)
ClaSs
Clacs
Hurd-ed
A
A
12-20
7-15
6-30
7-20
6-30
7-20
6-30
10c
7-20
$l3/t
6-30
7-23
2
R-lfi
-
7-31
8-
$l3/2
$1
1
8-
$l3/2
t$l
12-
2
7-15
A 7-15
6-15
4%
St.
class A
Lawrence
10-15
9-20
7-15
6-28
>
7-15
6-30
preferred
A St,
Public
A
and
Francisbo
San
Security Storage Co.
Selby Shoe Co.
Servel, Inc.
Union
Md.,
common
Sherwin-Williams
Sigma
Mines.
Silbak
(quar)__
fnufir.)
Norfolk & Western Ry., common (quar.).....
4% Adjustment preferred (quar.)...:
Sionx
Common
Smith
6%
6'/2%
8-
2
1
8-21
8-10
7-22
$1
preferred
preferred
A:
6-30
(quar.)
(quar.)
Vulcan
Detinning Co.,
preferred
(Howard)
9-15
9-
1
Ware
.A 12-15
12-
1
Warren
5%
River
6%
12-31
7-15
7-
Southern
6%
7-
6-15
8-
2
7-15
9-
1
8-16
10-
1
9-15
8
8-
$1.3/4
(Bait.)
6-26
-a
•-
1
8-
7-20*
1
RR.
50c
conv.
7%
preferred
2
7-
6
7-15
6-30
8- 2
7-20
8-
2
7-15*
8-
2
7-15*
9-20
8-31*
50c
12-20
,11-30*
30c
7-20
7-10
50c
7-
6-29
'
1
8-12
8-25
7-23
7-15 A:
7-
75c
California
A
Canada
7-15
(quar.)
7-15
$30c
'8A
;
6-30
1
6-28
7-28
7-26
Winstead
7-10
Hosiery,
Extra
-
,
6-25
•
8-
2
6-30
8-14
7-15
$1%
8-10
7-30
8-10
7-30
6-28
$$iy2
7-20
6-30
(s-a)
25c
7-15
6-30
(quar.)
$V/8
7-15
7-
,
7-30
1
9-
1
8-16
9-
1
8-16
$iy2
Common
Wisconsin
6%
Gas,
(ouar.)__^
*
6%
pfd. (quar.)
Power," Ltd., "com.
preferred
(quar.)—
(quar.)
9-
1
8-16
17VaC
7-15
7-
1
8- 2
7-14
$1A
io-
1
9-27
1-1-44
12-27
V-' -'A f
62Vac
10-1
62y2c
1-3-44
9-21
12-24 a
$1.75
9-10
9-
1
$1.75
12-10
12-
1
^AtlOc
.
7-7
6-10
8-
7-17
(quar.)
37V2c
$iya
2
9-20
9-10
$i3/4
7-20
7-10
$l3/4
(s-a)
10-20
10-19
7-15
6-30
Av'1
7-
7
8-
67'/2c
2
7-19
6-30
$l3/4
8-31
8-15
12«Ac
7-15
7-1
$l>/a
7-15
6-18
17»/2c
8-15
7-19
$iy8
8-16
7-19
t75c
ifale
&
50c
7-15
6-30
A
7-15
6-18
8-
Less
7-15
6-30
7-15
JfOc
$$1'A
P-16
7-20
7-15
6-19
(quar.)
7-15
7-
1
7-15
7-
2
8^
7-15
$iy2
fPavable
1
$1
Power
8-
1
7-15
AA.$H/a
Co.—
«
.
11-
1
10-15
n_i
10-15
$1
•'
(quar.)_^___
$iy2
-
15c
7.15
6-30
8-
$iy8
$$1%
7-31
7-15
-
7-15
1
6-30
8-
2
7-20
10-
1
9-20
15C
^
7-20
50c
50c
Mfg. Co.—
Corp.
Jamaica
books
account
resident
8
10-
1
9-10
7-10
6-30
30c
9-15
9.
4
50
6-30
tOn
7-10
7-
50c
'Transfer
37 '/2 c
7-20
7-15
__
30%
x
7-20
1
$3
^
(1897)
Products
6-90
1
30c
I'M5
ja.
d
"lOc
7-20
7-
9
source.
Non¬
Quarterlv
6-20
8-
$l3/4
Quarterly
7-15
2
8-
a
50c
.
York Corrugating (s-a)
Zion's Cooperative Mercantile Institutions—
Zonite
6-25
J$1V4
—
Towne
6-15
6,15
7
A"
50c
(quar.)
Industries, Inc. (resumed)!-—_____
(Wm.) Jr., Co.,' common
Common
7-15
7-15
7-
f$l3/4A:.
Gas & Elec., 43/2%
pfd. (quar.)
Alexander & James, 7% pfd. (accum.)
Woodall
7-15
1
50c
(quar.)
Electric
9-
8-16
—35c
common
1
$i3/4
;—______
_____
8-
433/4c
Wisconsin
Wood.
7-15
37y2c
,
1
2
________
preferred
37y2c
(quar.)——_______
'
7-1
7-
common
Extra. 1_
3434c
;
7-
7-15
7-15
(Irregular)
Edison—
preferred
7
$iy4
Wichita Union Stock Yards 6% pfd.
(s-a)__
Wichita Water Co., 7% pfd.
(quar.)
Williams (R. C.) Co.
6
37y2c
California
'
•
87V2c
75c
A" A;;-AAA
Union Telegranh Co.
(George) Ltd., 5% preferred
White-Sewing Machine, $2 prior pfd
$4 conv.. pfd. (accum.)
6-25
-9-
12J/2c
(quar.)
6-30
v
25c
*
Weston
5 A
A
•
Wrigley
Water. 4'/2% pfd.
Greyhound Lines—
9-15
25c
Western
2
7-
$1
75c
A
8-16
7-15
'
7-15
1
1
683/4c
,
(quar.)
Pipe & Steel,
7% preferred (s-a)
7-11
,
37J/2C
pfd.
2
Corp. (irregular)75c
gtd. (s-a)__
$3'/2
Western
7-20*
7-
A
$$1%
——
9-15
9-
25c
convertible
7-
$3c
—
8-
'
Penn
7-15
$4c
'
7-15
8-16
1
10-
25c
*
:
preferred (quar.)_______
Electric, 7% preferred (quar.)__
6% preferred (quar.)
.Western Grocers, Ltd., common (qtiar.)
West
7-15
115c
—.
8-2
9-1
10-
50c
(quar.)__
7-15
25c
.
AVAA;A;'... A-
50c
(Steel) Foundry—
preferred (quar.)____
7%
1
Paper Mills, Ltd.—
preferred
partic.
6-21
6-15
6
50c
preferred (quar.)
Wentworth Mfg. Co. (irregular)
h
West Penn Power, 4y2% preferred
12-15
7-15
25c
(interim)—
(quar.)
Co..
preferred
7-10
7-
A_
Brothers, class A
T50C
quar.)
pre"errDd series C
Southern
6-24
West Michigan
•A $1.12
(quar.)
original
7-20
53c
Welch Grape Juice Co., 7%
9-15
12V2c
2nd
1
-A
(quar.)__
9-30
7-20
8-
7-15
7- 6
(quar.)
preferred
$1
Extra
6%
6-30
1
$2.50
_
common.
7%
7%
6-30
6-30
8-
75C
6-23
12-15
6-30
7-15
_
7%
12-15
7-15
7-24
10c
;—
12-23
7-15
9-10
11-10
2
50c
5% prior preferred (quar.v_
Vapor Car Heating, 7% pfd. (quar.)_______
7-15
8-14
8-
7-15
(quar.)
(quar.)
12-23
1
1
11-15
15c
(quar.)
(quar.)
6-30
8-
6-21
7-15
(accum.)
$3
$23c
-
7-10
58J/ac
preferred (quar.)
Ventures, Ltd. (interim)____
Virginian Ry., 6% preferred
2
6-30
58V3C
Knitting Co.—
5% prior preferred (quar.)
6-25
6-19
9-
7-15
(Del.)—
Ut'ca
7-3
25c
(irregular)-—
6-30
58y3c
7-18
30c
-----
7-22
7-10
8-16
Leaf Tobacco, common
(quar.)__
Michigan Power & Light—
6%
P-15
7-10
$iy4
(interim)——
sA 6-17
JlOc
(quar.)
preferred
6%
9-15
'
7-15
f75c
.
8-15
2
J38c
Universal
\
i5c
—
1
«.
9-15
J$1.75
S.
$87'/2C
preferred factum.)
(increased
preferred
5'/"%
11-
1
7-15
37'/? c
(quar.)_—
(Quebec)
Skelly Oil Co.
Southern
8-16
1
10-
prior
Upper
5
..,.i ■'
Reclaiming Co.—
$l'/2
——--——
Pittsburgh
9-10
10-
::
:/A ;A 25c
_____—
Common
11-15
7-15
■20c
Oil Corp (quar.)
City Gas & Eloctric, 1% pfd. (quar.)
Southeastern
SRc
(quar.)
______
—__
Simpson's Ltd.,
South
50c
preferred
Smelting & Refining & Mining, com.__
preferred (quar.)
Sugar Corp., $5 preferred (quar.)
United Stockyards,
70c conv. pfd.
(quar,)-
7-15
8-2
373/2C
C.)
7-
$-25
7-1 g
9-
'«
$5
preferred
25c
(quar.)—.
(Canada)
Sinclair
7-16
$2%
8- 2
15c
At$l%
—
Mines, Ltd.
7-16
Corp.—
15c
40c,
Mihes
Ltd.
Premier
2
6-15
75c
25c
—
Wabash-Harrfson
Corp.—
Gold
7-15
■
373/2c
25c
■.
2
7-15
J3c
S.
'
Oil
Creek
7-10
25c
—
Sheep
6-15
6-30
8-
A A t3c
:
7%
:
7-21
8-
,
2
7-15
U.
8-16
11-15
2
t$l%
—
8-
10c
1
8-
'
(Wash. D.
(irregular)
8-
B
9-
12-1
40c
Association—
(s-a)
7-16
7-15
Extra
6-30
.
7-12
2
t2V2c
.
Alcohol
Rubber
8- 2
'
7- 2
8-
50c
convertible
Industrial
Plywood Corp.
135C
—A_——
Shawinigan Water & Power
Shell
S.
S.
40c
A
7-12
v"A$lVa
'
(s-a)
Machinery— A
S.
(quar.)__
—
common
7-7
'
12V2c
(quar.)____
common
Quarterly
Quarterly
6-30
.^A-Aa
(s-a)
8- 2
-
Hoffman
U.
7-15
Paper Co., $4 pfd. (quar.)———
preferred (quar.)—
—-
Ltd.,
(irreg.)
United States Pipe &
Foundry Co.—
8*19
t25c
$4.50
preferred
S.
5V2%
7-15
(accum.)
—
7%
9-16
7-7
$75c
.
in
tax,
of
not
income
closed
tax.
for
accumulated
Canadian
15%;
'
12-17
8-2
—$1
pfd.
(monthly)
Fidelity & Guaranty Co.
U.
"
—
$iy2
6-11
preferred
6-17
IOC
————
Aircraft
7-15
preferred
9-23
A '
1
Scythe & Co.
9-30
12-31
J75c
(monthly)
(monthly)
(monthly)
(monthly).
7- 8
75c
Manufacturing, com. irreg.)
Schuykill Valley Nav. & R.R. (s-a)—
Scruggs-Vandervoort-Barney, com.
(irreg.)
AAA; Extra
$l'/4
preferred
S.
U.
10-90
30c
——
San-Nap-Pac
Scott
'
$114
(monthly)
10-14
$1
Loan
6-25
;
-Extra
:; A
Company—
Remedial
Solar
2
U.
6-30
1
9- 9
■
$l3/4
.
(irregular)—
Quarterly
Quarterly
6-30
7-15
V
8-12
$1%
(quar.)i—
•
B
preferred
50c
^.a
Class A and Class B (irregular)-—A
Saguenay Power, Ltd., 5y2% preferred (quar.)
San Diego Gas & Electric, common
(quar.)_
5% preferred (quar.)j———
7-10
8-
11-
50c
(quar.)
Service
Class
7-15
____________
-
Louis
6-30
53c
6%
7-23
7-20
A
■
25c
Paper Mills, 6% pfd. (accum.) A,
Louis Bridge, 6% 1st preferred (s-a)
-I,
2nd preferred
(s-a.)—
St.
7-15
10c
(monthly)
(monthly)
50c
3%
4
50c
53c
6%
8-2
8-25
A
$2 V2
—
—
4
9-
preferred
8%
(quar.)
$iy2
50c
8-31
J25c
20c
:
(s-a)
9-
7-30
preferred
U.
$iy2
(quar.)
Petroleum
9-15
A;
$1
Light & Railways Co.
6.36%
15c
;>
9-20
9-15
6.36%
50c
—
1-10
1
8-16
40c
7% preferred (monthly)
;
6-18
.
St. Lawrence
8-26
$1.25
—
(irregular).
of
•
7-15
"'
;
convertible preferred
Flour Mills, common
7-
3
preferred
$l'/4
A
common——
(irregular)
10-
31l/4C
(quar.)
preferred
7%
7-15
(quar.)_-__
Co.,
Corp.--
9-
1
7%
8-16
(quar.)—^
Paper
7-12
Dock—
(Irregular)
Nineteen
Croix
St. Lawrence
$l»/4
(quar.)__
6% preferred
Shipbuilding
Central
Share
1
35c
(quar;)
A (nuar.)
News
10-20
12-
Co.
$1%
5%
Newberry (J.J.) Realty,
pfd.
10-20
25c
Co., 6% preferred B (quar.)_
Paper & Type, 5% preferred (s-a)_
National Power h Light. $6 preferred
(quar.)
National Steel Car, Ltd, (increased
quar.)
6>/2%
7-15*
7-23
$l'/2
____
National
Newport
2
2
12-20
$2'/2
National Lead
Neiman
2
8-
2c
__
7-
8-
2c
(ouar.)
'Naumkeag Steam
7-15
35c
National Fuel Gas Co.
Class
6-30
8-10
1
30c
(s-a)_
Class
6-30
7-15
9-
/A
National Deportment Stores (quar.)
12V2c
National Distillers Products Corp. (quar.)50c
National
9-16
10c
15c
cowmon.^..^-.-.....
(quar.)
conv.
7-
3c
1—
(quar.)
(quar.)
$3
11-25
50c
conv.
National Bond & Share
National
1
$1V2
National
Cosh
12-
United
6-15
6-25A
6%
of Boston
Goods, 7% 1st pfd.
preferred (quar.)._
Consolidated
Ryan
St.
Class
...
National
'
$1V2
6%
Co.,
8-26
$1 '/a
(.ouar.)——,—
preferred iquar.)_.
Biscuit. Co., common...
preferred (quar.)_
Pis^uit,
1-3-44
9-1
37V2c
convertible
7%
1-3-44
623/2c
________
(quar.)
National
Nation° 1
1
6-15
A
$lJ/4
—
6-30
7-20
5%
6.36%
1
Dry
6-21
$1V„
Co., 7%
preferred
*
--—
2nd
Tobacco
■
—
non-cum.
7%
: 7-10
>
Co.—
Mines
TJpited Shqe Machinery,
''
non-cum.
Rice-Stix
6-21
5% A
;
United Fruit Co. 1_—
United New Jersey RR. & Canal Co.
6%
tl'Ac
-
Reiiarice
Rike-Kumler
7-10
share)_—_
(quar.)__,
United Bond & Share, Ltd.
6-30
AA
preferred (quar.)_
preferred (quar.)—.
Manufacturing Co., (111.) common
Republic Investors, Fund, Inc.—
6% preferred class A (quar.)—
!
A
6% preferred class B (quar.)„
$1.60
$1.60
1
United Corps., Ltd., $1.50 class A
(quar.)
United Drill & Tool, class A
(quar.)
Class B
6-30
7-20
—
6-30
7-15
tlOc
preferred (quar.)_
Tuckett
6-26
6-26
15c
—
(quar.)
(quar.)
7-31
'■'>
'
.
2
jlOc
of
class A
Troy
Regent Knitting Mills—
7%
(quar.)—
Fibres
10-
Development—■
(quar.t
preferred
1
10-
America—
$ystem: common
8%
6-15
$l3/4
(s-a)
Mutual Investment Fund, Inc.——
M"t"al
National
6-30
7-15
$l'/2
(quar.)
preferred
7-31
Co.
_
of
Co.
preferred
6%
RR.
common
& Tel.
7- 7
7-12
6-11
$1
(iuar.)
Mountain States Tel.
A
1
8-
$1
Morris &
(quar.)_
—
Mountain States Power,
'
&
7-15
1
7-15
$l'/2
__
Mining
7-
7-15
$38c
—
Philip
OerNon h Port Carbon
Mount
.
see
7-15
6-22
50c
(quar.)—;—
;
Co.
Quarterlv
Mount
Goods,
Industrial Society
2
t48c
_______
'Philin)
Morris
7-
7-15
7-15
$iy2
.
preferred
preferred
preferred
Second
7-15
•
$iy4
(accum.)
Quarterly a,—
& Bennington RR.
6-28
6-26
'
Second
3
8- 2
$l3/2
'ouar.)
Dry
7-
7-21
7-15
15c
(quar.)——
1st
non-cum.
6-26
7-15
5c
Montana
4%-
8-
"
:
& Steel
'
A
50c
Tennessee Products Corp., com.
(special)10c
Texqs Gulf Sulphur Co. (quar.)
50c
Texas Water, 6% non-cum.
preferred (quar.)
30c
Tliew Shovel,
common
y
50c
Trinity Universal Insurance (Dallas) (quar.)
25c
9-15
A
preferred
7- 7
Taylor-V/harton Iron
7-15
'
10c
Employees Corp., 80c pfd. (.quar.)
Packing Co., 5% preferred (s-a)___
Reading Co., common (quar.)
ft-20
R
8
7-15
$l3/4
Monroe
Montreal
7-
7-15
7-
$l'/2
$2c
Mon("o™erv
Moore
1
10c
—
pfd.
1
9-
S3
Minneapolis Brewing Co.
Mississippi Power & Light. $6 pfd. (quar.)
Moneta Porcupine Mines (quar.)____.
Monnn^p^ela
9-
5
$l3/4
(s-a)—
________
5
9-
30c
—
Nav.
9-
30c
—
8-1
15c
Rath
(quar.)
6%
1
10-1
Railroad
•*
7-1
7-15,
$1.06 y4
(interim)
Pulp & Timber,
(George)
7
7-15
t$1.52
(irregular)
5%
6-22
(quar.)—
(accum.)
(accum.)
7-
.
"
prior
5
7-15
A
(irregular)
4Ms%
7-20
10-
.
preferred (quar.)
Public Service Corp. of N. J.—
6% preferred (monthly)
^
6% preferred (monthly)
:
Puget Sound Power & Light—
$5
8-2
7-10
8-
15c
—
Co.,
6-15
1
75c
Common bearer shares
(quar.)___________
Syracuse Transit Corp., -common
1
$iy8
5%
Co.,
10-
: 75c" A ' 7-15
'
8-
10-15
75c
Superheater Co. (quar.)
Sylvanite Gold Mines (quar,)____;
A
9
9-10
10-22
A
$2'/2
(accum.)
preferred
Oil
7-13
6-30
' •
••
6-21
.
$1
(quar.)_____
(quar.)—_
Securities
preierred
.
Tacony-Palmyra Bridge Co.—
50c
;
Ltd.
8%
7-
:
Mines
Gamble,
7-1
,
Power Corp., of Canada, 6 % 1st pfd.' (quar.)
6% non-cum. partic. preferred (quar.)
Procter
7-24
10-1.
2nd
Sun
7-26
50C
& Co.
Electric
Sun
8-14
A
25c
$1.62Va
(irreg.)
___________________
Sullivan Consolidated
Glow Industries
6-21
8-1
'' ' '
7-15
60c
(S.)
-
7-15
35c
Canada, common (quar.)
preferred (quar.) ____________________
$4
9-25
1
10c
25c
—
Gold
7-15
10-
8-14
(irregular)
___—:
Suburban
6-30
.
9-15
(
Works, 5%
Stroock
7-31
$1.10
Plymouth Cordage Co. (quar.)————
Employees stock (quar.l—
Pollack Paper Box Co., 7%
(quar.)-—
7 %
preferred, (quar.)
Premier
7-15
$1
(quar.)—.
(quar.)—
1A
9-
A87y2c
.
common
Ohio, 5%" pfd.
preferred (quar.)_______
preferred (quar.)
;
7%
2
7-14
'A 75c
A——
preferred
7-
6-30
AAA.'A,
Steel Co. of
7-16
2
7-24
t25c
-—
—
Extra
8-16
8-
5%
5%
2-5-44
'
Pittsburgh Brewing Co., $3.50 pfd.
Pittsburgh Screw & Bolt
6%
2-15-44
7-15
$1.25
Ltd.
•
1
7-15
Stecher-Traung Lithograph,
5
5
$1.27 y2
common (quar.)———
(quar.)—,
common
8-
11-
8-
■
preferred (quar.)
State Street Investment
(quar.)
Stearns Mfg. Co._
12-15
8-15
10c
—
Extra
Stanley
9-15
11-15
t$iy2
—,
-
Quarterly
1
6-26
1
1-1-44 A
f75c
——
:
Co.,
7-28
10-
35c
(s-a)
Tool
7-
of
of Rec.
$l»/4
pfd.
receive
Stock dividend (l-20th of 1
share)_^
Standard Wholesale Phosphate & Acid Wks.—
7-10
35c
;
4'/4%' preferred (quar.)—
Pittsburgh, Bessemer & Lake Erie RR.—
Common
7-15
60
(quar.)
Gas
Holdere
$li/2
(quar.)_—
Standard Steel SpringStock dividend (1-20th
6
7-15
75c
50c
Co.,
preferred
7-15
35c
(quar.)_.
A
Hamilton
Standard Radio Ltd., class A
v Class
B (quar.)"•
6-30
50c
„——_—
43/2%
12-1
$1V2
(quar.)______
A
class
$5
35c
•
7-
Co.
Philip Morris
1
433/4C
(quar.)
(quar.)__
preferred
1
7-15
9-
*
t$1.50
$l3/4
——-
pfd.
8-16
11-15
50c
>_
_
6%
8-31
11-30
433/4c
(quar.)
(quar,)-
Oil
McCrory Stores, 5%
'McLellan Stores,
pfd.
pfd.
.
1
$7
75c-
—
Co.. $2 class A
7%
1
$7
,
,
class
cumulative
Prosperity
preferred (accum.)
McClatchy Newspapers,
cumulative
Preston
Associates—
7-15
7-15
——
of
Standard Chemical,
6-30
—
-
6-30
25c
(quar.)
(quar.)
non-cum.
Corp.—
(stockholders will
preferred Series A
A Standard Oil
6-30*
7-15
-
Brewing Co.
Philadelphia Co, (quar .)
Philadelphia Electric Co., 4.4% pfd. (quar.)
Philadelphia Electric Power, 8% pfd. (quar.)
Philadelphia Transportation—
Participating preferred (irregular)-.
Philadelphia & Trenton RR. (quar.)
6-30
37'/2c
(quar.)
$5
.7-15
8-16
$1,
(interim)
(quar.)
Traffic
Plomb
Massawippi Valley R.R. (s-a)_
Mattiessen & Hegeler Zinc—
Av 7% preferred (accum.)
(R.
5
9-20
1
common
Utilities
Department
11-
11-15
10-
7-15
A
(reduced s-a)
common
Pepnman's Ltd., common
6% preferred (quar.)
5
(quar.)_~
Investors
Mahon
8-
$l'/2
(quar.)
participation preferred
May
8-14
$1%
(extra)
Massachusetts
7%
6-30*
7-15
Massachusetts
5%
7-15
(quar.)—
—_______
Maryland Drydock Co.,
Masonite
6-30*
$l3/2
(quar.)—_
7-15
(N. Y )—
common
Co.
&
9-21
$l3/2
.
Machine
Tel.,
6-30
35c
common
Telephone,
R.R.
$1.40 cumulative class A
12-24
common—.—
preferred
preferred (quar.)
Marshall
9-
1
(quar.)
&
6
8-16
50c
Pfeiffer
A- 7-
7-13
1
$iy2
8-20
7-15
7-13
t25c
t$1.75
—
1
6-14
7-15
7-
2
8-? 2
,
.
(irregular)———
Pennsylvania Electric, 5.10% pfd. A (quar.)
Peoples Credit Securities, Ltd. (interim)-—
Peoples Gas, Light & Coke
Pelerboro RR.
(N. H.)
(s-a)—
—A
1
preferred
Corp
Tel.
11-24
——
7%
<B.),
Calculating
Maritime
12-10
9-
preferred
Manufacturers Trust Co.
Margav
11-24
12-
(Ky.)
(quar.)
convertible
$1.40
-$1.40
12-
preferred (quar.)——
$2
2
8-25
8-25
50c
(quar.)—
8-1
7-23
7-
7-15
8-
A, 25c
Panhandle Eastern Pipe Line, common
;
Paraffine Companies, 4% preferred (quar.)_
Common
9-10
12-10
9-10
6-30
50c
(quar.)
share
5%
$1.20
(quar.)
Spalding (A. G.) & Bros., $1.50 pfd.
Spicer Mfg. Corp., common
$3 preferred (quar.)
Squibb (E. R.) 8c Sons— •
6-30
:
Co.,
Consolidated
When
Payable
,
25c
:
A
—r——A
pfd.
7-15
.
*-15
6-30
7-20
(quar.)
6%
Peninsular
25c
(quar.)
Electric
Tel.
6-24
,
7-20
A nv*
Railway
dividend
Per
\A;A;- '■
-
stock
6-30
A
England Telephone
'■
for each share held)
Southwestern Life Insurance
(Dallas) (quar.)
Southwestern Pub. Serv.
Co., com. (irreg.)
6'/2 %
preferred
(quar.)
6-30 ?
25c
(quar.)__
&
&
7-31
25c
(quar.)
6y2%
preferred
Marchant
Corp.
$1V4
MacAndrews & Forbes Co.,
6#
Packer
preferred
7-16
$l'/4
————
—
5%
Manischewitz
10-25
8-20
—
Magnin
Tel.
Cement—
—
6%
Gas
Pacific
Paterson & Hudson River
10c
participating preferred (quar.)
Participating
5% participating preferred (quar.)
Participating
Lord & Taylor, 8% 2nd preferred (quar.)—
6Va %
7%
Pacific
6-30
6-30
7-26
$1.31 y4
—_
Pend Oreille Mines & Metals Co.
75c
5%
Louisville Gas
6-30
7-26
6-30
3/5
$iya
—
(interim)
7-21
\
6-30
(quar.)„——A—•
Products Co., Ltd.— .A,;A
Common
6-28
Penn
—
Longhorn Portland
A
7-14
Ontario Steel
6-30
$1.10
——
——
Class
3
7-20
Stoclc
7-26
,——
class B—
25c
$lVa
20c
50c
50c
$1.10
(irregular)——--—.——
special gtd. (quar.)
Special guaranteed (quar.)
_
Original capital
(quar.)
;
Original capital " (quar.)—————
Little Schuylkill Navigation RR & Canal—
RR.
Oliver
6-30
.
Corp.
Miami
9-14
7-15
7-
Southwest
6-30
|12c
—
preferred (accum.)——————
Pow. (Minn.) $5 pfd. (quar.)
Filters,
Southern
7-15
t$iy2
,
Northern States
United
7-15
2
7-14
Sl'/2 A A 7-14".;;.A
Ti
common——
preferred (accum.)—
New
$1%
v
(quar.)
Northern States Power (Del.)—
7%
8-
Southern
i
ghare
Southern Indiana Gas & Electric—
4.8% preferred (quar.)
i—
$1%
preferred
$$2
Lindsay (C. W.) & Co., 6'/2% pfd. (accum.)
Oil Refining Co. (quar.) ———liquid Carbonic Corp., 4'/2% pfd. A (quar.)_
Liquidometer
Power,
£-30
2
;
(quar.)———-
Ontario
7-15
8-
37>/2c
(quar.)——-
4
■—-
Lion
Little
6%
6-30
$2
,
common
preferred
6-30
■V
25c
Old Colony Trust Associates—
1st Series trust shares (quar.)
7-14
11-1
7-10
7-10
25c
B
(quar.)—_—
——
preferred
(quar.)——
3
A
(quar.)—_
preferred
Northern
6%
7-
Corp.,
7-20 A,
7-20
60c
^•AA 55c
Ry. (s-a)
Illinois
preierred
A, 6%
—
Lehigh Coal & Navigation (irreg.)
Lehigh Portland Cement, common (quar.)—
4%
preferred (quar.)
Gold
•
\
(Va.)
(s-a)
7</c
12-21
(quar.)
A
(accum.);;
(accum;)-—-—
convertible
$iy2
pfd.
Northern Ind. Pub. Ser. Co., 5'/2% pfd. (quar.)
7-15
8-
6c
6% preferred (quar.)
Lawyers Title Insurance
Leitch
6
preferred
11-15
Class B
preferred
5 y2 %
6%
Investment,
8-
$1%
(quar.)
Langendorf United Bakeries, class A
6%
Amer.
8-16
$134
(quar.)
(quar.)
preferred
Langleys, Ltd.
North
3
25c
preferred
7%
7-
7-15
25c
(quar.)
Bryant,
7%
(quar.)
(quar.)_
common
preferred
7%
Lane
pfd.
'
Name of Company
,
(
La
funds,
resident tax,
this
dividend.
dividends.'
tax
7%.
>.
deductible
a Less
at
.
.
the
British
income
tax.
*
A
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4191
Volume 158
A summary of the principal assets and liabilities of
reporting member banks, and of debits to demand de¬
posit accounts, follows:
v
| Member Bank Condition Statement
Statement of Condition of the 12 Federal
The condition statement of weekly reporting member
Reserve Banks Combined
dollars)
1
Increase or Decrease Since
,
7-1-1942
6-23-1943
certificates on hand and
Gold
1
due from U. S. Treasury—
20,170,716
Redemption fund—F. R. notes
53,673
Other
cash
,
'
'
Assets—
'
,379.911
—
+
+
98,340
28,273
—
'242,940
—
•
.
;
'
•;
.
.
Secured by
•
U. S. Gov't obll3,210
+
13,948
—
1,563
—
Other.hills discounted--*-^.
.
;
—-
Total bills discounted----.
4,990
12,676
"U.
S.
Govt,
1,498,348
14
—
—
Industrial advances
1,647
+
13,948
—
+
i
2,126
direct
securities,
•
'
and
guaranteed:
---ui
Bonds
f;
'
Notes
Certificates
■
796,900
.
■
1,091,700
—
1,018,948
+
520,456
+
3,815,235
Bills
*
6,500
—
79,625
+
34,500
—
121,333
—
25,400
+
3,496,505
Total U. S. Govt, securities,
direct
and
7,202,183
guaranteed—.!.
from
F.
R.
banks
foreign
notes of other
banks
«.
38,961
premises
Other
assets
Total
assets
—
+
+
,
38
•V:';loans
Other
'•
Total
deposits
liabs., incl. accrd. divs..
:
,
of indebtedness..—.
securities
1
42
+
48
—
1,878
8,677
—
:Cash in vault
.
Balances with domestic banks—.
+
6,295
/'+' 1,013
531
446
.—.
—217
.2,308
167
—
3
973
—-
27
—
5,318
+
9'.'
—
3,811
+
4
+
3,062
Reserve with Federal Reserve Banks
■
14
418
—609
6,965
——
+
3
3,906
15,687
Obligations guaranteed by U..S. Government
85
—.
49
—
1,331
5,195
bonds—
Other
36
9
■7+
46
14
+
—133
Liabilities-
Demand
deposits-adjusted -....
—i-i———.i.w—'.■
deposits.....
a—
Interbank deposits:
Domestic banks
,
5,648
+
568
—593
+
5,130
8,823
•
—334
—_
demand
interbank
I+II;
v'X??
5
+
100
41
+
38
+
4i
—
deposit accounts except
and
U.
S.
Gov't
accounts,
week
during
+
.765
Foreign banks
to
6,524
37
5,799;
"
-
Borrowings
Debits
?—315'
32,472
.
Time deposits. —
U. S. Government
12,083
FEDERAL. RESERVE BANK TO TREASURY TINDER TARIFF ACT OF
BY
v
228,070
+
+
3,950
+
260,881
3,779
+
June 26
•
Official
8,651
'
,
Argentina, peso-
86,921
—
119,172
—
York
-
30,186
—
63,890
V
1930
1943, INCLUSIVE
Noon Buying Rate for Cable Transfers in New
Value in United States Money
?
Country and Monetary Unit
107,013
—
32,532
—
4,672
S.
+
4,463,280
+
1,275,232
1,153
——
Treasury bills —;—.....—— 1
U.
479
6
—-.
+
+
14,022,297
<r-.
432
—
———
Treasury certificates
Treasury notes
+
237,628
+ 161,452
items
1,290
92
—
tifying. daily to the Secretary of the Treasury the buying rate for cable transfers in the different countries of the
world.
We give below a record for the week just passed:
;
\
.297733 s
Free
Other
——-i—---w-i—
Loans to banks—____;
Other loans
June 25
Deferred availability
927
carrying
4,777,684
+
•
securities':
purchasing or
+
—138,702
1,114,099
for
345,713
455,178
Foreign
loans
Pursuant to the requirements of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank is now cer¬
12,084,540
accts—
..
Foreign Exchange Rates
1,464
it:'
U. S. Treasurer—gen.
:
Real estate loans.
,,
JUNE 25 TO JULY 1,
Member bank—reserve acct-
1,264
60
—
18,994
/Deposits:
;
5,565
—
+
Liabilities—
F. R. notes in act. circulation.
+14,560
"
Loans to brokers and dealers in securities
FOREIGN' EXCHANGE RATES CERTIFIED
V
—195
agricultural
'
485,770
—
3,456 /.
+
13,872,422
■
61,632
29,599,121
,
,
and
'39,716
+
66,679
—
—818
9,454
industrial,
.90
+
2,847
—
65,548
4,477,518
+
—
1,631,018
.
4,473,745
+
440,094
137
_
Uncollected items—
Bank
+
454,056
+
7,219,849
Total bills and securities
Due
+
46,147
—
Commercial,
.
*
*
.
.
4,990
gations, direct & guarant'd
.V
•/'■
Increase ( +J or
Decrease (—) Since
Y'VII;!
6-24-42
,,,6-23-43 6-16<-43
and investments—total-—
Loans—total
■
'
.Bills discounted:
Assets—
Loans
Commercial, industrial, and agricultural loans declined
$60,000,000 and loans to brokers and dealers in securities
declined $92,000,000. * /
"
'
*
Holdings of Treasury bills declined $374,000,000 in
New York City, $117,000,000 in the Chicago District, and
$609,000,000 at all reporting member banks.. Holdings
of Treasury certificates of indebtedness increased $42,000,000
and
holdings
of Treasury notes
declined
$48,000,000.
Demand deposits-adjusted declined $146,000,000' in
New York City, $58,000,000 in the Chicago District, and
$315,000,000 at all reporting member; banks. United
States Government deposits declined in all districts, the
principal decreases being $298,000,000 in New York City,
$64,000,000 in the Chicago District, and $45,000,000 in the
San Francisco District; the total decrease at all reporting
member bank§ was $593,000,000, \
■ .
Deposits credited to domestic banks declined $116,000,000 in New York City, $69,000,000 in the Chicago
District,
and $334,000,000 at all reporting member banks.
'
;Vl+iK':'Y
,
credited to; domestic banks.
38,631
26,187
—
20,581,976
Total reserves
'
1,087
—
357,587
—
999
—
(In millions of dollars)
Decreases of $609,000,000 in holdings of Treasury bills, $217,000,000 in re¬
serve balances with Federal Reserve Banks, $315,000,000
in
demand
deposits-adjusted, $593,000,000 in United
States Government deposits, and $334,000,000 in deposits
changes for the week ended June 23:
'
(In thousands of
leading cities shows the following principal
banks in 101
.251876*
June 30
■
July 1
$
,
.297733*
.251876*
.297733*
.297733*
.251876*
pound
Brazil, cruzeiro—
Official
3.228000
3.228000
.060586*
.051275*:
'
.051275*
.251876*
3.228000
3.228000
.060586*
'■
.297n?3*
-
.251876*
3.228000
.060586*
.051275*
Free
i
3.228000
•
.060586*
...
511 '.}!■
.251876*
I
.297733*
.
*
Australia,
2,796
June 291
June 28
1
*
$
•
<.060586*
.051275*
.051275*
.060586*
,
.051275*
Canada, dollar—
29,174,623
Total liabilities
v
+
344,370
+
4,730,907
Official—
.909090
Free
Capital Accounts—
Capital
paid
Surplus
in—
(Section
148,636
7)
.Surplus (Section
111
+
+
160,411
Other capital accounts—
+
26,829
13b)
3,752
+
88,622
+
1,232
2,909
48
.
+
.
Ratio of total
res.
29,599,121
+
345,713
+
Commitments
•>
make
to
trial advances
73.8%
—
.301215
.205800
.205775
.909090
12,132
—
333
—
K-ii
.899375
.899583
3.244203
3.244203
3.980000
3.980000
3.980000
.658300*«
.528800*
.528800*
.658300*
'
./"Hovey T. Freeman, President,
members of the 1943-1944 Insurance Committee of the Cham¬
ber of Commence of the United States, it was announced on
June 10
year
ance
Co., Providence.
year
ST»W,: T./Grant, President, Business
Men's Assurance Co;, Kansas City,
possible
of
the
committee.
*Newly named members.
New
A, R. Gardner Notes
.
Changes In Reserve
And Loan Associations!
.
It
has had
handicaps
to
frictions,
difficulties, of a
overcome
and
multitude of varieties.
Insurance
power,
trols,
providing
protection and security for life
land property, in purchasing bil¬
lions
of
dollars'
worth
of
war
bonds, and in offsetting forces of
inflation."
He added:
to
a
of stress and strain.- The
spirit of teamwork that has
year
new
been
achieved
between
Govern¬
con¬
tional Retailers Mutual Insurance
are
as
James L. Madden
(Chairman),
Vice-President, Metropolitan Life
Insurance Co., New York City.
Herman-A-. Behrens, Chairman
of
Board, Continental. Casualty
Co., Chicago.
*
•"Frederick C. Church, Jr., Boit,
Dalton & Church^ Boston.
7 •
ment, business, labor and agricul¬
ture during the country's mobili¬
Craig, * Chairman
of
Board, National Life & Accident
zation for total war must be fos-
Insurance Co., Nashville.
tered
and further developed.
A
'long, hard road lies ahead, but a
start has been made toward the
rail-important • goal
of
national
unity.
In the year before us we
to continue our efforts
bring about national unity and
teamwork, and at the same time
•we prlpose to do' everything we
?c6n to strengthen business and
propose
'
to
A.
-
Marshall
B.
Dalton, President,'
Boston Manufacturers Mutual Fire
Insurance Co/, Boston.
*John
3.980000
,
j
,,658300*
.
3.244203
.-.•/■
3.980000
,
.658306*
r
.528800*
.528800*
A.
Diemond, President,
Insurance Co. of North America;
Philadelphia.*
.
.
' ;«
Esmond Ewing, Vice-President,
Travelers - Fire
Insurance
Co»,
Co., Chicago.
Harold V. Smith, President, The
Co., New. York
City.
Home Insurance
•"Grant Tag^ert, Calif ornia-W estStatesLife Insurance Co.,
ern
Cowley, Wyo.
John M.
Pittsburgh.
H,
.
Thomas, President, Na¬
tional Union
J.
-
Fire
Insurance
-
R,
.
Co.,
Timanus,
John L. Train, President, Utica
Mutual Insurance Co., Utica.
:*Frazari
B.
•Connecticut
ance
r
-President,
Life
William
D.
loan
,
Winter,
Mutual
New York City.
.
1
shorter-term
the
number
of
institutions
borrowing on a long-term basis
has dropped from 223 three years
ago to 78 at the present time." • ■
He also said, "The situation will
undoubtedly reverse itself as soon
as the postwar home building pro¬
gram
gets underway, since the
ten-year
Federal Home Loan
Bank
the
advance
was
long-term
devised
to fit
financing
local institution
individual bor¬
home
the
Co.,
//
the
New
York
"Times,"
which
added:
Illinois-
On the basis of relative
served by
popula¬
this
tions, this is the equivalent of al¬
1940,*
Mr. Gardner said there were 125 most $2,000,000,000 at current ex¬
on
In June,
borrowing
$6,074,251
terms, and now there
137 associations using $8,906,-
one-year
963 of short-term credit from the
President,
Insurance
to repay the
ahead of time
on many of their long-term bor¬
rowings of other years. As a re¬
.
district
bank has increased.
Insur¬
\
of
savings, building and
associations »in
Wisconsin
are
Co., Hartford.
Atlantic
volume
advances to
associations
Wilde,
General
them
Bank
Chicago Bank, from 82% in June, the United States last year ex¬
1940, to 25% of the present loan ceeded £7,000,000, it was reported
volume. It is pointed out that not
in a wireless dispatch May 30 to
only the proportion but the actual
dollar
,
SecretaryTreasurer, The Philadelphia Contributionship, Philadelphia.
.;
for
Loan
plan which the
supplies to the
rower.
For the duration, however,
years, it is pointed out by A. R.
we
cannot anticipate much in¬
Gardner, President of the Federal
Home Loan Bank of Chicago, who crease in long-term borrowings
unless
conditions
change
con¬
expects the trend to be reversed
back to normal after the war. He siderably."
said on May 28 that the principal
change has been the drop in pro¬
New Zealand Aid To US
portion of long-term advances to
New Zealand's reciprocal aid to
total advances outstanding at the
Philadel¬
,
follows:
*C.
tual .Fire Insurance Co.,
Defense and war economy have
changed the emphasis of reserve
banking for savings, building and
loan associations in the past three
renegotiation, so¬ phia.
Chase M. Smith, Secretary, Na¬
policy, and a
The committee members
.
"All business must look forward
I
contract
cial security, tax
host of others."
,has intensified its contributions to
the national welfare by
civilian supply, price
Home
sult
<!
Mo.
.
economy.
<
.528800*
chairman
•"George L. Harrison, President,
York Life Insurance Co.,
Eric A, Johnston, President of the Chamber. The committee New York
City.
•planned to meet in New York City June 16 to lay out 'a program
Carl N. Jacobs, President, Hard¬
.of work for the Chamber's Insurance" Department. " *
1
ware Mutual Casualty
Co., Ste¬
"The operations of the Insur-$>vens Point, Wis.
ance Department are
becoming of competition with .business,, subsi¬
William E. McKell, President,
increasing
importance
in
the dies, inflation controls, termina¬ New York
Casualty Co., New
Chamber's
program,"
said
Mr. tion of war contracts, disposition York
City.
Johnston.
"Since the outbreak of of
surplus war
materials
and I ,*Herman J. Pelstring, President,
war, the insurance industry has properties, trade
controls, man¬ Pennsylvania Lumbermen's Mu¬
war
.900000
3*244203
Department during the past
is assured' for the coming
through his continuation as
ance
Manufacturers Mutual Fire Insur¬
Twenty-three of the country's leading insurance executives will
a
.909090
.900000
v
.658300*
serve as
itself to
.205800
"Nominal rate.
Appointment Of Members Of Insurance Com.
geared
.900000
!
.528800*
.301215
.909090
peso—
U. S. Chamber of Commerce Announces
7 by
'
.205775
3.980000
pound
.572800*
4.035000
.301215
.
.909090
3.244203
>
/
.
4.035000
.205775
:
.902500
.572800*
.301215
.899375
.658300*
4,968
:
.909090
Noncontrolled
—; i5.i%
.205775
+
"
4
4.035000
3.244203
pound-
indus-
...—
:
Controlled
1.0%
.572800*
.301215
■;
Urughay,
to deposit &
*
f. F. R. note liabilities combined
.301215
.909090
.902500
.902395
4.035000
'
-
.909090
.909090
,
901953
.572800*
.909090
Union of South Africa,
4,777,684
v
• "
4.035000
4.035000
Official.^i.....^—
New Zealand,
IrYTdtalliabilities Sf cap. accts.
.901875
.572800*
'
Free
40,068
.909090
.909090
'
.901875
.572800*
Colombia, peso
England, pound. sterling..
India (British), rupee
Mexico, peso—
Newfoundland, dollar—
reserve
Mr.
institution,
said.
.
This reciprocal aid
most of the
r
Gardner further
change rates, the Finance Minister
indicated,
war
represented
spending by which the
budget was exceeded in the
unpredictabil¬ year ended March 31. The Min*period detract ister disclosed that the nation's
•"Laurence E.
.from the desirability in home fi¬
prepare
it for the great tests
war bill had been £144,000,000 last
are
members
of
tjhe nancial circles of ten-year loans
which lie ahead.
ident,- American Insurance Co., Thomas,
Chamber's Board of Directors.
;
;;■ - -ia.;';r,
which are the backbone of the re¬ .year and the margin beyond the
"The. areas in which there is Newark. ^•"The dynamic leadership,'^ said serve instrumentality's operations budget had been financed by lo¬
Chester O. Fischer, Vice-Pres¬
need for aggressive business leadMr. Johnston, • "which- James L. in peacetime.
The increased in¬ cal
loans.
Non-war
finances
*ership ; are ipany.
They cover ident, Massachusetts Mutual Life Madden has given to the work of flow of money from local inves¬
Insurance Co., Springfield, Mass. the committee arid of the Insur¬ tors in associations has made it showed a surplus of £4,000,000.
such basic fields as Government
,
Hartford.
;:v.Three'members of the commit¬
tee, Messrs. Fischer, Jacobs and
Falls, Vice-Pres¬
-
,
•
r
-
."'Conversely
the
the
war
ities
of
>
THE COMMERCIAL Sc FINANCIAL CHRONICLE
50
United Nations Food Conference Adjourns Urging
"Until
Concerted Efforts To Win Freedom From Want
these
cereals
and
-,
"The
At the
plenary session of the United Nations Conference on Food
and Agriculture at Hot Springs, Va., on June 3, a declaration of
principles was adopted expressing the belief that the goal of freedom
from want can be reached and a resolution calling for the establish¬
of the United Nations was ap¬
permanent organization
a
proved.
44
participating
! ments
at
the "conference
governwere
agreed upon the necessity of tak¬
ing action individually and in con¬
achieve
to
want of food.
ference
freedom
from
However, the con¬
that
conceded
will
it
necessary
from
hunger before seeking free¬
to
dom from want.
win
freedom
The declaration
said that the first task is to
in
.
Associated
Press
from
accounts
Hot Springs:
"The conference met to consider
the goal of freedom
from want in
relations to food and agriculture.
In its resolutions and its reports,
has
conference
recognized
that freedom from want
secure,
adequate
supply of food for
"All
.
of them
the
the
or
tities.
soil
foods
be
can
land
are
cannot
more
these
unless
the
from
obtained
be
sea
in sufficient quan¬
more
If
and better food is
to-be available for all people, pro¬
ducers must know what they are
called
do.
They must
equally be assured that their la¬
bors will earn them an adequate
to
upon
livelihood.
"The
"It
work
the
of
conference
fundamental
ter-dependence
of
and the producer.
apparent
was
countries there
are
that
in
all
large sections
of the population who do not get
adequate
and
food
suitable
for
situation.
in¬
the consumer
It recognized
has
conference
not
at¬
tempted to lay down ideal stand¬
ards of nutrition for all peoples.
It has recognized that, while the
ultimate
objectives must be a
world in which all people are fed
in full accordance with the re¬
ments to determine.
"One
of
the
most
recommendations
important
the
of
food available.
"The conference recognized that
great increase would be needed
in the
ress
production of food if prog¬
was
to be made toward free¬
dom from want.
Section II
cussed
increase
how
this
dis¬
could
should be established to deal with
insufficient food of kinds required
for health.
It might therefore be
the varied problems
of food and
agriculture not in isolation but to¬
gether.
;
"The work of the conference
also showed that the types of
most generally required to
food
im¬
prove people's diets and health are
in many cases those produced by
methods of farming best calcu¬
lated to maintain the productivity
soil
more
and
and
increase
stable the returns
agricultural
better
to
producers.
nutrition
better
farming.
"The
the
conference
goal
of
that
declared
freedom from
at different times there would be
want
to take measures to see
special groups of the popu¬
necessary
that
lation, such
as young
children and
pregnant women, who most need¬
complete victory in arms;
liberate
armies
otherwise
"In
what
they
would
was
understood
and
resolutions
subject.
These covered both the planning
of agricultural production and the
adoption of measures to prevent
adopted
were
violent
on
fluctuations
this
in prices re¬
sulting from the shortages of the
transition
"Many
in
Section
II,
the
conference
considered how agricultural pro¬
duction could be increased and
tries.
It
there
was
tween
was
a
many
the
state
made
clear
of
coun¬
that
close connection be¬
prevalent
diseases
of
first-class
freedom
to
in
from
the
want
food, of policies to expand and
quicken
economic
activity,
the
conference discussed the place and
functions which might be given
neces¬
within
pro¬
the
framework
of
such
policies, to international arrange¬
arise
will
immediate
the
from
these
programs
agricultural commodities, to miti¬
general inflationary or de¬
gate
as
in
all
Countries.
"These
Discussion in Section
the
new
secure
*WY»/-vf ***/"» 4** TT/\'
and
exist¬
more
of those
i r.1*
protective' foods which are most
for good health. •
necessary
"Before
discussing methods by
changes could be
wrought about, the section exam¬
which
these
ined the short-iterm position
im¬
mediately after the liberation of
occupied territories. It was gen¬
erally agreed that this period will
be
one
of
shortage, the exact in¬
cidence and extent of these short¬
being governed by the cir¬
ritories
emy.
are
that the governments and author¬
ities represented should recognize
the
levels
standards
of
and
nutrition
liberated from the
en¬
During this period the first
living of their citi¬
zens, to improve the efficiency of
agricultural production and to co¬
operate one with another for the
achievement of these ends.
conference
terim
resolved
commission
lished in
that
to
in¬
estab¬
be
Washington should pre¬
sideration of governments and au¬
thorities
was
di¬
cover
to
general questions
of
principle affecting the operation
of such arrangements
as
might
later be made. The two questions
to which most attention was paid
were—
(A)
The
place
which
stocks should occupy in
buffer
these
ar¬
Ray Wilfe Wins
AiB Speaking Contest
Hay F. Wille, of the First Wis¬
National
consin
in
Bank
Mil¬
first prize in the Na¬
tional Public Speaking Contest of
waukee,
the
won
American
ing
other
of Bank¬
Institute
competition
in
speakers
with
from
seven
dif¬
seven
ferent sections of the country.
speaking contest
The
feature of
was a
the wartime conference of the In¬
stitute
The
Chicago.
recently held in
AIB
is
the
educational
sec¬
tion of the American Bankers As¬
sociation
offering study
to
courses
bank employees in more than 200
cities throughout the country. De¬
bating and public speaking
cluded
in
the
Institute
are in¬
training.
The subject the speakers discussed
rangements, and
(B) How far it would be
neces¬
to achieve the desired ob¬
jectives to include within the gen¬
sary
"Defending the Home Front
a Sound Fiscal Policy."
was,
Through
eral arrangements agreements for
industry to provide employment agreed upon.
"It became clear
agricultural populations or
it is
less
to
and nations have means
want
there
and world-wide
of economic
compara¬
be
cannot
is
a
bal¬
expansion
activity.
"The deliberations of the
the amusement world
in the
field of food and agriculture.
It
was
also
generally agreed that
this organization should act as a
in
permanent organization
a
Con¬
J
1
both
on
advice
agricultural and nutri¬
and that it should
service of internation¬
a
"The conference did not,
r»
/!/%
out in
made
representatives of
participating
governments.
Accordingly,
the
conference
recommended the establishment
eral
through national and inter¬
level
raise the
gen¬
of
employment in all
Moreover, as discus¬
sions
in
Section I
emphasized,
poverty is the first cause of mal¬
nutrition and hunger.
countries.
"The work of Section III estab¬
lished
the
telegram read at
tertainment
a
Industry for War Ac¬
close
Federation
and
the
detail between
the
in
Washington of an interim com¬
mission, one of the functions of
which would be to draw up for
governments and
authorities represented a detailed
submission
to
interdependence
employment plan for the permanent organi¬
zation.
countries, the character and
extent of industrial development,
"The United Nations conference
the
management of currencies, on food and agriculture has shown
between the level of
in all
of
"It is
a
assurance
pleasure to send
ciation of all you are
doing in the
and advance the war effort.
tertainment
is
always
a
En¬
national
asset. Invaluable in time of
peace,
it is
indispensable in wartime,
•
"By coordinating the activities
of
all those who
the
are
are
entertainment
building and maintaining
tional morale both
front and
are
you
working in
industry
doing
on
a
on
you
na¬
the battle-
the home front. You
grand job, and I trust
will not weary of this good
work
until
our
enemies
governments and authori¬
brought to their knees
represented are agreed upon
the
necessity
of their taking ac¬
this
field of entertainment to support
ties
investment, and the
by the nations
you
of my heartfelt appre¬
ternational
adopted
Guild
of Musical Artists, said:
hunger in
policy
Radio
American
that the
devastated by the
June 3
meeting
tivities
,
would have to be worked
action to
thanked
on
of the National Conference of En¬
Artists
al statistics.
quate returns, unless progress was
national
Roosevelt
American
of information and
how¬
set up
ever, attempt to lay down in de¬
tail what the scope and functions
ment
showed that consumers would not of such an organization should be
be in a position to buy the food or its relationship to other na¬
It
they needed, and producers of tional or international bodies.
food could not be assured of ade¬ was agreed that these questions
....1 J
a
tion questions
III, which was
to investigate the improve¬
of
distribution,
clearly
1
President
in New York City.
Ac¬
cording to the New York "Times,"
the President's message, read by
Lawrence Tibbet, President of the
center
ference in Section
~
FDR Thanks Entertainers
For Aiding War Effort
maintain
consumption.
for
it
acquire
a
at the conference should establish
recognized that
produce food un¬
useless to
men
at
tively early stage of the confer¬
ence that there was general agree¬
ment that the nations represented
the direction of national and in¬
war.
The
the
pare such a declaration or agree¬
ments in this sense for the con¬
call will be to reach freedom from
areas
the
of
Second place was won by Ste¬
phen O,. Porter, The Eiggs Na¬
tional Bank, Washington,; D. C.;
opinion of the conference that the regulahon bf production;
some parts of the world which at
"The
conference
agreed that third place by G. B. Spence, Dur¬
present are unproductive could further international discussion of ham Bank & Trust Co., Mebane,
be brodght into agricultural pro¬ these
questions
ought to
take North Carolina, and fourth place
duction if the appropriate meas¬ place with a view to the formu¬ by Thomas F. McGuigan, Bank of
ures were applied.
At the same lation of broad principles to gov¬ America N. T. & S. A., San Fran¬
time, it was recognized that, in ern the formiilation and operation cisco. The other contestants were:
some areas of rich potentialities,
of
future
Bechtel Jr., Chemical
commodity
arrange¬ Halsey G.
Bank & Trust Co., New York;
development is impeded by over¬ ments.
crowding of farmers on the land.
"There was general agreement Leonard A. Hamrin, First BankWhile something can be done to that, whatever the nature of the credit
Corp.,
St.
Paul, Minn.,
increase the productivity of these arrangements eventually made for George A. Holder, Federal Re¬
areas
by improving methods of individual commodities, machin¬ serve Bank of Dallas, and Gordon
farming, by drainage and similar ery would be needed for coordi¬ R. Yeadon, Bank of California Na¬
measures, it was recognized that nating
their operations t in the tional Association, Seattle, Wash.
in some cases the development of
light of the broad principles to be
anced
with
both
III
rected
principles
its
that
conference
recommended
for
ments
period of shortage may lead,
the shortages are overcome,
from
and
The
accordingly
ties necessary to good
unless
work
be followed.
represented,"
quali¬
the control of basic
Previous items regarding the
health, ac¬ staple foodstuffs entering inter¬
conference
appeared
in / these
cording to the standards con¬ national trade. There was agree¬
columns of June 3, page 2074;
sidered by Section I of the con¬ ment that the objects of any such
May 27, page 1976, and May 20,
ference,
arrangements must be to elimin¬
"There is danger that the heavy ate excessive short-term move¬ page 1877.
demand for energy foods which ments in the prices of food and
and. other protective
achieved
delegates informed the
respective
of foods containing
tein
Freedom
ages
about
approach
sary to increase wherever pos¬
sible the emphasis on production
adapted to yield the supplies most
needed by consumers.
It began
cumstances in which various ter¬
their
it will be
state is reached
"The conference
period.
conference
health
fundamental importance,
foods is suf¬
restored to provide for
freedom from hunger. When that
consume.
adjusted to
the starving.
The need
to reach freedom from hunger be¬
fore seeking freedom from want
before the production
of the basic energy
solution of the problem.
below
ing production would have to be
tyranny their goal will be to bring
be too long
lation
their
food for
expan¬
or¬
emigration to other areas were
even if this
meant reducing the the only measures likely to offer
supplies for the rest of the popu¬ any significant contribution to a
from
as
territories
an
urgently recommended
governments and authori¬
for
assumption,
can be reached.
It did not, how¬ which was confirmed by the con¬
ever, seek to conceal the fact that clusions of Section I, that more
it will be first necessary to win production was needed if the
peo¬
freedom from hunger. In the im¬ ple of the world were to have suf¬
mediate future, the first duty of ficient food for adequate nutrition
the United Nations will be to win
and
the
"Having drawn attention to the
these foods, obtained at least
their
minimum
requirements,
ed
to
short,
In
means
their obligation to their own peo¬
ple and to one another to raise
sion
to
further agreement on the methods
the
extent in different countries and
make
achieved without such
ties represented to take action in¬
not only
ence is that the governments rep¬
the adjustment of production to
resented should declare to their fit the long-term requirements of
own people and to one another
a
better diet but also improve¬
their intention to secure more and ments in the general efficiency of
better food for the people.
Vari¬ production.
The conference also
ous
measures
which might be recommended certain particular
taken for this purpose were dis¬ measures of more general appli¬
cussed. These included education, cation for carrying them out*
special provision for particular
"In
addition, the conference
classes of the population, and the recommended measures for new
improvement of the quality of agricultural development. It was
together: It recom¬
permanent body
a
has
be exceptional and it should not
confer¬
be considered
that
to
of economic activity;
but it declared that freedom from
want of food could not be
fully
fluctua¬
shortage
The reports and recommen¬
dations of the conference indicate
ex-
making
be brought about.
It was recog¬
nized, however, that to a varying
mended
"The conditions of
food.
expansion
should be coordinated action by
governments both to secure in¬
creased production and to prevent
speculative and violent
tions in prices.
investiga¬
adopted by the governments of
the world in order to promote an
sat¬
agreed that
lasted
there
shortages
detailed
a
individually and in concert
to achieve freedom from want of
tion into policies which should be
•
that the food policy and the agri¬
cultural policy of the nations must
the
energy and
conduct
tion
not invited
to flationary movements and to fa¬
overproduction of these foods un¬ cilitate adjustments in production
less governments act with fore¬ which may be
necessary to pre¬
ure
to concentrate on interme¬
sight in guiding producers to alter vent economic dislocation.
diate goals which can be progres¬
their production programs in ac¬
"The conference agreed that any
sively raised as conditions im~ cordance with the
long-term re¬ such arrangements should include
prove.
These intermediate goals
effective
quirements. The actual programs the
representation
of
must differ from region to region
must be drawn up to suit the par¬ consumers as well as producers.
according to climate, taste, social ticular circumstances of each coun¬
It was not possible for the con¬
habits and
other circumstances.
try, but the conference agreed ference, in the time available, to
These goals are therefore primari¬
upon
broad
general principles discuss future international com¬
ly a matter for individual govern¬ which should serve as a guide in
modity arrangements in detail.
quirements of good health,: it will
be necessary as a practical meas¬
a
emphasized the
of
to
which
ficiently
established.
consum¬
Men cannot eat
healthier
fods
suitable
also
from
separated.
and
and
a
producers of it.
aspects of gaining sub¬
These two
sistence
means
More than two-thirds
are
portant part played by malnutri¬
tion in maintaining child mortal¬
ity rates at a high level was also
every man.
earth
men on
of food.
and deficiency in diets.
"The
on
the
thoroughly discussed.
■
/
Following is the text of a sum¬
mary of results of the conference,
as prepared by the meeting's sec¬
retary general, according to the
ers
foods
1 _'
was
dividually, and in concert, in
The im¬ isting at the end of hostilities will der to secure this objective.
health; in many countries the ma¬
and jority of the people are in this
May
following 17 days
the problems of food consumption,
production and distribution were
and
the
other
human
conference
while
"
com¬
plete the winning of the war
to deliver millions of people from
tyranny and hunger.
The conference opened
<3>——•—
be
first
18
"The conference
.
The
cert
toward foreign trade.
isfy hunger.
Advocates Establishment of Permanent Organization
of
themselves
harvest, the
urgent demand will be for
maintain
ment
lands
able to produce a
are
most
Monday, July 5, 1943
ditional surrender."
in
are
uncon¬
Volume
THE COMMERCIAL & FINANCIAL
Number 4191
158
litical-security, while that secur¬
ity
will,' in ; turn,
be " greatly
strengthened if each country can
Conference As
President Hails Work Of Food
CHRONICLE
Demonstrating Unity For Peace As Well As War
of-the-food
assured
be
it
President Simms Of A1B Reports Progress
June 7 that the recent United from fear go hand in hand.
Our ultimate objective can be
Food and. Agriculture was "epoch-making"
and succeeded beyond hopes, since it demonstrated that the United simply stated: it is to build for
Nations really are united hot only for war but for peace.
ourselves, for all men, a world
:
' In a brief talk welcoming to the White House the delegates from in which each individual human
the 44 nations which participated in the Hot Springs, Va., meeting, being shall have the opportunity
to live out his life in peace; to
the President said that the in-<?
deal in specific terms with specific work
creased food production needed to
productively, earning at
tasks and projects.
least enough for his actual needs
bring about freedom from want
You have examined the needs and those of his
family; to asso¬
must be accompanied by other
of all countries for food and other ciate
with
the
friends
of his
action, including larger industrial
output, greater purchasing power agricultural, products, both as they choice; to think and worship free¬
will exist in the short-run period
and measures dealing with trade
ly; and to die secure in the knowl¬
of recovery from the devastation
edge that his children, and their
barriers,
international exchange
of war, and as they will exist over
children, shall have the same op¬
stability and international invest¬
the longer run, when our efforts
portunities.
ment. ? Mr. Roosevelt asserted that
can be fully devoted to expand¬
That objective, as men know
the "better use of natural and hu¬
ing the production of food so that from long and bitter experience,
man resources must be assured to
it will be adequate for health the will not be
easy to achieve.
But
improve living standards."
Fol¬
world over.
'
you
and
I
know
also
that,
lowing this statement the Pres¬
You have surveyed with cour¬
ident departed from his prepared
throughout history, there has been
text to insert the phrase "without age and with realism the magni¬ no more worthwhile, no more in¬
tude of these problems and have
spiring challenge.
exploitation" on the part of any
reached unanimous agreement that
That challenge will be met.
it is
Conference
Nations
on
stated,
they
brought prolonged applause from
This remark,
nation.
can,
solved.
and must—and will—be
You have demonstrated beyond
question that free peoples all over
nation has the world can agree upon a com¬
Mr. Roosevelt, in his address,
ever had enough food to feed all
mon
course
of action and upon
which was broadcast, also hailed
of its people as we now know hu¬ common
machinery for
action.
the conference for demonstrating
man
beings should be fed.
But You have brought new hope to
"beyond question that free peoples
neither have nations representing the world
that, through the estab¬
all over the world can agree upon
over 80% of the world's two bil¬
lishment of orderly international
a
common course
of action and
lion inhabitants ever before been
procedures for the solution of in¬
upon common machinery for ac¬
joined together to achieve such an ternational problems, there will
tion." He concluded:
aim.
Never before have they set be attained freedom ■>. from want
"You have brought new hope
out to bend their united efforts to
and
freedom
from
fear.
The
to the world, that through the es¬
the development of the world's United Nations are united in the
tablishment of orderly interna¬
resources so that all men might
war against fear and want as sol¬
tional procedures for the solution
seek to attain food they need.
idly and effectively as they are
of international problems, there
For the short run you have
united on the battle front in this
from
the delegates.
will
want and freedom from
fear. The
Nations are united in the
United
against fear and want as
war
sol¬
effectively as they are
on the battlefront in this
idly and
united
world-wide
against
war
aggres¬
sion.
"And
are
we
winning by action
V The text of the President's ad¬
dress in full follows, as reported
by the Associated Press:
It gives me great pleasure to
White House you
welcome to the
who have served
so
splendidly at
epoch-making United Nations
conference on food and agricul¬
the
ture.
I
that word "epoch
use
making"
The conference could
not have failed to be significant
because
it was the first United
Nations conference.
But it has
succeeded even beyond our hopes;
advisedly.
it is truly
epoch-making because,
in reaching
use
maintaining
in
and
economy
and co-ordination of
of
distribu¬
tion.
considering
In
our
long-range
problems, you have surveyed our
knowledge of the inadequacy in
world-wide
war
against
sion.
unanimity upon com¬
and difficult problems you
have demonstrated beyond ques¬
tion that the United Nations really
are
united—not
only
for the
plex
Simms revealed in his annual address that the
Mr.
of
43% during the year and
creased
represent 38%
of the total membership.
In ad¬
that
now
women
dition, he said, enrolments of wo¬
men in AIB study courses
have
The increased
than doubled.
more
membership
of
flected in the
was
re¬
active partici¬
in chapter af¬
of women
pation
Simms said, many of
fairs, Mr.
them
women
more
serving
on
governing groups of chapters.
In a report which featured the
reports of many committees, the
AIB President stated that while
elmin-
difficulties
this
contests
debate
ated
scientist
year,
as
many
all human needs.
people are em¬
ployed in work on food and agri¬
culture as in work in all other
fields combined.
And all people
in the literal sense
have,
of the
vital interest in food.
That a child or adult should get
the nourishment necessary for full
health is too important a thing to
be left to mere chance.
word,
•
a
recognized that society
accept this responsibility. As
stated in your declaration,
You have
must
you
responsibility
primary
"the
lies
for seeing that
its
own
people have the food
needed for health and life; steps
each nation
with
to this
end are for
mination.
But
fully achieve
national deter¬
each nation can
its goal only if all
On behalf of the
accept this declar¬
together."
work
United States I
ation.
You have gone
eral
recognition
Mr.
authority
Electric
and
Secretary-General
Carter,
Institute
the
of
of
Pacific
Rela¬
Chief
Secretary of the
YMCA with the AEF in the first
tions
and
World
War, has been President of
War Relief since its in¬
Russian
ception in the fall of 1941.
Other members*of the Board of
are
Russian
of
Directors
Maurice
man,
P.
Relief
War
Davidson, chair¬
Finance Committee; Frances
Adams, Henry C. Alexander, Zlatko
Balokovic, C. C. Burlingham,
Carter, Mrs. Hugh
Mrs. Edward C.
great interest had been shown in
L.
public speaking activity, with the
R.
national
annual
the
that
result
public speaking contest was pos¬
sible. It was also possible, he said,
to maintain the program of semi¬
Cooper, John C. Cooper, David
Faries, Marshall Field, William
Green, Peter Grimm, William N.
Haskell, Harold H. Helm, Pierre
Jay, Gale F. Johnston, Benjamin
H. Kizer, Leo Krzycki, Lewis V.
and reported that
the year, holding
72 chapters participated in this
seminar sessions attended by 38,-
nar
programs
work
during
Mays,
and
H.
Clark
Moore
Harriet
Minor,
William
Morris.
Also Philip Murray, Raymond
Robins, Joseph A. Rosen, James N.
Rosenberg, Reeve Schley, Serge
War bond selling was the prin¬
Semenenko, Henry E. Sigerist, Al¬
cipal public relations activity dur¬ fred E.
Smith, Vilhjalmur Stefansing the past 12 months, according
son,
Francis C. Stokes, Allan
to the report.
Nevertheless, the
Wardwell, Thomas J. Watson, W.
public
education program was W. Waymack, Richard Welling, A.
sustained, Mr. Simms said, 644 F.
aggres¬
Whitney and Owen D. Young.
talks being reported as given at
223
bank people.
are
we
and unity.
3.1
Church Pension Fund
Issues Annual
Report
Fund of
he the Protestant Episcopal Church
FDR Lauds Benes
have pooled our knowledge of the
said, a decrease in membership of reports assets as of Dec. 31, 1942,
means
of expanding our output,
22.5% and a decrease of 35 % in of $36,271,297 and an annual pen¬
President Roosevelt on June 12,
enrollments. This last figure cor¬ sion roll of over $1,400,000, ac-r
of increasing our agricultural ef¬
gave his best wishes to President
ficiency, and of adjusting agricul¬ Eduard Benes in his "courageous responds with the average person¬ cording to its 25th annual report
just issued. In his report as Presr
nel turnover in banks.
tural production to consumption
efforts
to
liberate Czechoslo¬
>
Mr. Simms stated that the In¬ ident of the Fund, Bishop Cam¬
needs.
In the fields of both pro¬
vakia" and to restore the ^people
duction
and
consumption
you
stitute's new short course, "An eron J. Davis of Buffalo states
of that Nazi occupied country to
Introduction to the Study of Bank¬ that the assets increased in 1942
have recognized the need for the
freedom and peace, said an Asso¬
by over $620,000, and comments
better utilization of the knowl¬
ciated Press dispatch from Wash¬ ing" designed for newcomers to
the business, had been enthusi¬ upon the fact that the total of the
edge we now have and for ex¬
ington on June 12, which also
tending still further the boundar¬
astically received. "I am proud," present pension roll, which in¬
gave the following:
cludes the names of approximate¬
ies of our knowledge through edu¬
he said, "that we have achieved
The message made public by the
cation and research.
•
the fulfilment of our primary ob¬ ly 2,500 individuals, "is about 33%
White House was in reply from
of
promoting
Institute larger than would have been the
You have called upon your gov¬ one from Mr. Benes, who is re¬ jective
case if the Trustees had not been
ernments individually and collec¬ turning to London after confer¬ training for bank people through¬
able to go beyond the original
tively to enlarge and improve their ences here with American Gov¬ out the country."
promises." Started in 1917 as the
activities in these fields.
ernment officials. The President's
pension system of the Protestant
For the perfection and rapid message follows:
Episcopal Church for the benefit
execution
of these
plans, you
"Please accept my deep appre¬
of the clergy, their widows and
have recommended the creation ciation for your message 1 upon
minor orphans, The Church Pen¬
AIB
quantity and quality of the
diet of peoples in all lands.
You
and
branches
cha pter
mostly
units,
study
Church
The
Pension
groups,
.
Russian War Relief
Finally,
you
expressed
have
deep conviction that our goal
this field cannot be attained
your
in
without
forward action
fields
well.
as
duction
must
increased
production
increased purchasing
There must be measures
for dealing with trade barriers,
international
exchange
stability
and
by
power.
The
better use of natural and human
resources must be assured to im¬
and international investment.
prove
and
living standards.
Many of
questions lie outside the
to
people
peace."
in other
be accompanied by
industrial
restore
your
freedom
country
and
to
Warren
In
leaving
the
United
States, I want to express to you
"Before
P.
of
Mr.
and
Treasurer,
Secretary.
Mr. Benes's letter:
Co.,
Treasurer;
Livingston, Assistant
Trust
Bankers
and
vakia
Increased food pro¬
Lancaster,
Board
of
Directors
were
has
Fund
of
me
during
my
visit in your great Hugh
"I
and
in
found
Government
opinion the
sympathy for the cause
the
in
warmest
your
public
Cabot,
noted
surgeon,
and Chairman of the
Massachusetts Committee of Rus¬
sian War
society
a
granted in 1942.
Bishop Davis paid tribute in
his
report to the late Frank L. Polk
and J. P. Morgan, whose deaths
occurred after the close of the
year,
and who held the offices
of
Vice-President and Treasurer, re¬
Mr. Morgan had been
the beginning of
the Fund until his death on March
spectively.
Treasurer
from
The present officers of
aside
from Bishop
are Bishop Benjamin M.
13, 1943.
the
Fund,
of
Washburn
Newark,
Allen
Locke,
Ro ber t
Wardwell and Bradford B.
was recently filled
election of Charles D.
a Vice-President of J. P.
women's
Morgan & Co., Inc.
Relief; Mrs. N. Penrose
Hallowell,
out
Vice-Presidents,
and
Worthington, Secretary.
The of¬
fice of Treasurer, left vacant by
Mr. Morgan's death, has not yet
been filled.
The vacancy on the
Boston Board of Trustees created by Mr.
of
country.
paid
over
elected.
They
are
William L.
the Batt, Vice-Chairman of the War
United States my sincerest thanks Production
Board
and
Presi¬
for the kind hospitality accorded dent
of
SKF
Industries;
Dr.
Government
the
and
since
$22,200,000 in pen¬
sion benefits. New pensions in the
annual amount of $128,857 were
total
Davis,
addition, seven new members
the
sion
and
Polk's
death,
by the
Dickey,
City;
In. his report as Executive ViceChair¬
President,
Bradford
B.
Locke
have been able to witness your man of the Washington, D. C.,
comments on the fact that the
great war effort which is con¬ Committee of Russian War Re¬
lief and former Minister to Nor¬ support of the pension system by
cess.
They require, and shall re¬ tributing decisively to the victory
the various parishes, missions and
of the United Nations.
way; Harry McCall, Chairman of
ceive, our united attention.
other
eclesiastical
organizations
In the political field these re¬
"My best wishes for full suc¬ the New Orleans Committee of
Russian War Relief; Enders M. throughout the Church has been
lationships are equally important cess in your great work."
of the Fi¬ practically 100% ' during the en¬
Reference to Dr.- Benes's visit Voorhees, Chairman
And
they work both ways. A
nance
Committee,
U.
S. Steel tire history of the Fund, a total of
sound
world
agricultural pro- in this country was made in our
over $25,000,000.
issue of June 3, page 2087.
Corp., and Vladimir Zworykin,
these
of the work you have un^
dertaken, but their solution is
none the less essential to its suc¬
scope
beyond the genof principles to gram
of the
I
consider
it
a
in
New
York
and
club
leader
great privilege to
Mrs.
J. Borden Harriman,
Czecho-Slovak people
.
.
research
Westinghouse
Manufacturing Co.
Reelects Officers
Twice
and
for
the official staffs
and
transportation
membership
in-^>
Institute
the
in
women
prosecution of the war, but for of a permanent United Nations your departure from the United
the solution of the many and dif¬ organization.
To facilitate arjd States.
I feel at this time that
Edward C.
Carter, President,
ficult problems of peace.
This hasten the creation of that organi¬ it has been most useful iot us to
conference has been a living dem¬ zation, and to carry on the work have been able to consult to¬ and other officers of Russian War
onstration of the
methods by you have begun until its creation, gether in regard to the most effi¬ Relief Inc., were re-elected to
which the conversations of nations you have established an interim cacious means to attain the goal their posts for another year by the
of like mind contemplated by Ar¬ commission.
The Government of for which we are all striving— Board of Directors of the war re¬
agency,
it was announced
ticle VII of the mutual aid agree¬ the United States is honored that the unconditional defeat of the lief
June 4 by William W. Lancaster,
ment can and will give practical you have asked that the interim Axis forces.
secretary of. the board. The Rev.
application to the principles of the commission have its seat in Wash¬
"I shall always retain a pleas¬
Henry Sloane Coffin, Moderator
Atlantic Charter;
ington, and will be glad to take ant
memory of your timely and
of the Presbyterian Church, was
You
have been dealing with the preliminary action for the es¬
helpful visit, and my best wishes renamed Vice-President; B. A.
agriculture, the most basic of all tablishment of that commission
go with you in your courageous
Tompkins, Vice-President of the
human activities, and with food,
you have intrusted to it.
efforts
to
liberate Czecho-Slothe most basic of
during the
operate by David E. Simms, national President of the Institute, in
at its wartime conference at Chicago on June 10.
winning by action schools, civic clubs, and other or¬
ganizations before audiences ag¬
[The United Nations Food Con¬ gregating 128,000 people, and 19
radio broadcasts were made.
ference
opened at Hot Springs
As a result of war conditions
May 18 and was concluded on
there has been a reduction of 126
June
And
of Banking
on
his address
no
pointed out steps which have to be
taken both in increasing supplies
praised for the manner in which they carried
past year despite the wartime conditions under which they had to
the
unity."*
and
that
freedom
attained
be
true
is
It
committees of the American Institute
The national
were
1
OfInstitute AS War Time Conference
v;
needs.
Freedom from want and freedom
' President Roosevelt declared on
r
51
will depend upon world po¬
52
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, July 5, 1943
U. S.
Supreme Court Rules Against Compulsory Relief To War-Ten Nations By Outright Gifts
AP Files Reply To
Salute Of Flag
erellW Scruples Exist
Religious
Urged By Lehman To Avert Third World War Anti-Trust Obrges
f
Reversing conclusions handed down
the United
Plans For Aid To
three years ago
States
Supreme Court
holds
that
salute
school
the
children
American
such action. In
ence
made
was
issue,
Court
in
14
if
decision
sustained
June
from the
came
Court
June 14
on
delivered by
Justice " Jackson,
the dissenting
Justices being Roberts, Reed and
Day—was
Frankfurter.
lenge
by
involved
It
attude of stubborn refusal to salute,
honor or respect" the flag or Gov¬
reasonably tends to create
chal¬
a
members of Jehovah's
a flag-salute require¬
the West Virginia Board
of Education.
In
v"
the
of
High
Court Justice Jackson said:
"We
local authorities in
and the exiled Governments made
Amendment
of
intellect
and
to
their
on
from
Serve
which
all
it
is
First Amend¬
Constitution
our
to
official
all
recon¬
trol."
The
West Virginia regulation
challenged, said the Asso¬
ciated Press, by Walter Barnette,
Paul
Stull
and
Lucy McClure,
parents of Kanawha County school
children expelled for refusal to
join in the salute. The same ad¬
said:
"The
on
Bill of
the
punishment
decision
viction
of
flag."
reversed
of
members
the
con¬
Jehovah's
charged with violating
the law through statements cri¬
ticizing the President for sending
The
and
overseas
West
Education
through
of literature.
Virginia
has
Board
required
of
school
children to salute the flag and re¬
peat the oath of allegiance.
Ex¬
pulsion from school was the pen¬
alty for failure to do so.' Parents
of
expelled
-
prosecuted
children
could
be
truancy charges.
The decision, in part, said:
on
,
an
unincorporated body teaching that
the obligation imposed by law of
God is superior to that of laws
enacted
by temporal government.
of
this
faith
have
been expelled from school and
exclusion
are
for
no
Civil
other
Liberties
court
send them to reformatories main¬
Union
the
urged the
flag-salute unconsti-
tional, as applied to those with
religious scruples. The American
Legion contended the regulations
should be Upheld."
Officials threaten to
cause.
the
Washington
also
Associated
advices
Press
June
14
we
quote:
have
been
prosecuted
threatened
with
and
for
causing delinquency.
"This
case
not
if
flourish
nies
voluntary and spontane¬
ous instead of a compulsory rou¬
tine is to make an unflattering
estimate of the appeal of our in¬
are
"If
there
in
constitutional constellation, it
our
that
is
dox
star
no
in
gion,
or
politics, nationalism, reli¬
other matters of opinion,
force
word
If
fixed
any
official, high or petty,
prescribe what shall be ortho¬
can
or
is
or
citizens
act
there
their
are
permit
do not
now
The
faith
an
occur
Court
by
therein.
circumstances
any
which
confess
to
Court,
of
a
the
its
salute
West
Virginia
Board
was
of
the flag
challenged by
Jehovah's
today
and
with Justices
Reed.
serted that
act
an
giance
same
as¬
promoting good
national
alle¬
"within the domain of
was
Government
therefore
Rob¬
Frankfurter
citizenshipand
of
regime,
for
to
authorityand
is
judged by the
be
considerations of power and
constitutionality
as
those
in¬
volved in the many claims of im¬
and
saving
18,
that
of
enemy
civilian population of Italy as soon
as
the nation is released from
control."
The
"Hera Id
Tribune" reported his furthermarks as follows:
Mr.. Lehman
re¬
made
the
state¬
in reply to a question as to
whether it is planned to extend
the
.
.
a
dynasty
particular
souls.
As
plans
first
economy
nations
and
of
thus
impossible
initial emergency has passed
the time arrives for
and
sound, longterm^ reconstruction.'^
"Mr.
Lehman
expressed
the
opinion that experience after the
„
last
has
war
shown
that
there is
little>-point to making huge relief
loans
to countries
mainifestly
un¬
able to fulfill their
obligations.
"To avoid the danger of per¬
mitting relief to cause funda¬
mental
economic
which
might generate
war,' he said, 'a
world
balance
must
be
careful
maintained
be¬
"Mr.
Lehman
exchange.'
said
that his
of¬
fice is acting on this plan, and is
preparing itself to
direct
carry on
relief and assist in revival of farm
and industrial production in 'each
liberated area which the President
same
tary-
and
political
questions
re¬
In his speech Mr.
that
joint
is
problem
Lehman said
by the United
action
the
solution
to
the
of
"The
aim
of
all
relief
opera¬
tions, he continued, should be to
'help people help themselves and
thereby help ourselves.'
To ac¬
complish this, he said, 'we must
see
to it that relief flows smooth¬
that
so
swiftly
the
into
need
rehabilitation
devised
as
measures
of
relief,
to
and
designate.'
may
'
-
"The importance of relief as an
aid to
military operations was
demonstrated
North
in the
Africa,
conquest of
where
it
military
and political necessity,
closely related to the whole cam¬
paign strategy,' Mr. Lehman said,
adding that 'what was true in
much
urgent conditions, on
continents
of
Europe
and
the
more
Asia.'
"The
economic
factors
that
bring war are found, Mr. Lehman
said, 'in a world half rich, half
pauperized,' where international
and
trade
sound
disrupted by
economies
are
war or war prepara¬
tions,
On the other hand, he
there
are
great
economic
said,
possi¬
bilities for the United States if in¬
of
religious scruples."
same
time, the Court
unanimously declared unconstitu¬
cause
At
the
"which
that
AP
membership should
They replied in detail to
various arguments advanced in 24
affidavits that had been filed
by
the Government in
support of its
motion, by which it is endeavor¬
ing to obtain a decision in the case
without
the
taking
of
testimony
in open court.
According to the New York
"Herald Tribune" of June 22 sev¬
eral of the
affidavits, filed at the
request
The
of
Associated
Press
by the United Press and by news¬
served by the U.P., em¬
phasized the complete interna¬
papers
tional
U.P.
afforded
coverage
as
an
to
answer
ment's
contention
holds
monopolistic
a
by
the
the govern¬
that
the
A.P.
its
sway over
news-service competitors.
From* the "Herald Tribune"
we
also quote:
The chief aim of the
govern¬
ment is for the court to direct the
A.P. to open its news and
photo
services to all newspapers able to
pay their share of the costs.
The
court also
A.P.
ments
asked to enjoin the
was
from
entering
under
any
agree¬
which it would
ob¬
tain the exclusive right to receive
the news report of any
association,
newspaper
The
individual.
or
A.P.
amended in
admission
by-laws
were
April 1942, to permit
of
members
new
by
a
simple majority vote instead of by
four-fifths
a
vote
at
general
a
meeting.
The Associated Press states:
Arguments
judgment
the
on
motion,
Government
summary
by
seeks
which
the
decision
a
against the A.P. without the tak¬
ing of testimony from witnesses in
open
court trial, are scheduled to
be heard by a
three-judge Federal
Court, July 8.
,
r
In general the affidavits
to 24 affidavits filed
replied
by the Gov¬
in support of its motion
made May 25 and challenged the
Government contention that the
ernment
They included
from
ernmental
toward unity
pressure
becomes greater, so strife becomes
more bitter as to whose
shall be.
of
"A
proposed machinery to ac¬
complish this lies, he said, in a
draft
of
a
agreement
for the
creation
United Nations relief and
re¬
unity it habilitation
agency
submitted
deeper di¬ within the last few
days to the
Probably no
our people
could pro¬
from: any
governments
of
the
United
Na¬
provocation
than tions and countries associated with
from
finding
it
necessary
to them..
choose what doctrine and whose
"Under the plan, he said, each
program public educational offi¬
nation would make a financial
cials shall compel
youth to unite
contribution in proportion to. its
-in
embracing.
"It
resources
say
trite but. necessary to
that the first amendment to
our
constitution
seems
these
was
ends
beginnings.
mysticism
in
the
cept of the State
or
designed to
by
avoiding
There
is
American
or
no
con¬
of the nature
and
give further aid in
the form.of supplies, shipping and
transportation.
While it .wis. too
early for accurate reckoning of
the allotments for individual gov¬
ernments, Mr. Lehman
estimated
that, in the field of cereals, which
form the bulk of relief food
origin of its authority.
up government
We set ments, .somewhat less than
by consent of the the necessary total would
governed, and the Bill of Rights
denies those in power
any legal
opportunity to coerce that con¬
sent.
Authority
here
is
to
be
controlled
by public opinion^ not
public opinion by authority.
.
.
.
"We think the action of the
lo¬
cal authorities in
from
the
United
"Mr.. Lehman
ship¬
half
come
for there
political
not
are
'face
a
uses.
terrific
shattering
Mr.
in
contraction
post-war
a
war-ravaged areas is
'a necessary first step toward a
balanced economy in which a high
level of consumption will prevent
the piling up of those great stocks
surplus
goods
would
which
otherwise be quickly accumulated
after
this
war
in all
the primary
producing countries.'
"While-.the
costs
of
a
world¬
wide relief program will be great,
they will be 'diminutive when
projected against the total costs
of
this
war
another
or
the
total
costs
of
depression,' Mr. Lehman
said.
be
an
organi¬
would
task,
easy
many practical
difficulties
to
be
and
over¬
the
United
their
be
'for
said,
man
total
and invades the
sphere of
intellect and spirit which it is the
power
all
our
of
the
first
constitution to
official control.".
amendment
reserve
from
re¬
he
disclosed
affidavits
to the
also
we re
ing to
a separate answer
Government charges seek¬
A.P. membership
to
willing and able
their share of the cost.
to
open
all. who
pay
are
Chief among the A.P. affidavits
was
one
prepared by Frank B.
Noyes, publisher of the Washing¬
ton Star and president of the A.P.
for 38 years until 1938, who de¬
clared
that
"it
plated by the
not
was
men
contem¬
who organized
the A.P. that all newspapers in the
United
States
should
become
members" but that it was recog¬
nized that in order to establish "a
select
plans for the
found
which has made
must
plete effort for victory and hesi¬
tate to expend the final dollars
which would make possible the
which
Other
tunity
out
com¬
they
placed in the record by the Chi¬
cago
"Tribune," a co-defendant
members
a
services other
said
non-membership in A.P. no bar to
successful newspaper operations.
true
pour
in
every newspaper.
news
who
to
Nations
substance
Britain,.' ment of a stable world economy
Russia and China make probable
and a peace that will endure.' "
the calling of a conference to disMr.
Lehman's
speech
was
quss the matter.
^~V, broadcast over WOR. His return
"Decrying international gifts of from London in May, following
relief supplies as dangerous to
A.P.
Mr. Leh¬
country and
folly,
this
than
depression,'
tion of all
of
serve
numerous declara¬
tions from editors and publishers
subscribing to
Lehman said that rehabilita¬
"It
of the international relief
'will
war
"Warning that, without world
markets, American economy will
States.
admitted
during
the question period that erection
zation
post-war
prosperity
markets to the vast
production that will be released
new
compelling the come,',. but
he
expressed
the. realization of the objectives for
flag salute and pledge transcends opinion that
preliminary approval, which they fought—the establish¬
constitutional limitations on their given
the
proposal by
to
literature
tion
complishment must, resort to an
ever
increasing severity. As gov¬
purpose
of
agency.
AP should
tional
distribution
news
The New York "Times" of
June
22 stated:
ternational
law
a
Mississippi anti-sedition
prohibiting statements or the
a
opens
,
munity from civil obedience be¬
for
summary judgment in
the anti-trust civil action
against
the
North Africa will be equally true
in
magnified scope, and under
are
and
'si
was
to enable the suffer¬
measures
tion
third
a
relief by outright gift and
tween
v
derangements
type of relief to Ger¬
some
territor¬
some
many, Italy and Japan, as to the
victims of their aggression. 'Mili¬
.
their
liberated
relief by sale or
ment
in
opposition to the Government "mo¬
ing nations to begin their own remoderate methods to attain
unity con struction at the earliest pos¬
have failed, those bent on its ac¬ sible
moment.'
these
sented
or
security, support of
avoid
erts
June
a
ial
Witnesses
Justice Frankfurter, who wrote
the majority opinion in 1940, dis¬
of
territory,
when he said that
"plans have
been made and are being made to
bring all necessary relief to the
remove
grounds of religious freedom.
on
instead
area
ends have been racial
of
In both cases,
rule
members
requirement
Tribune"
United Nations armies may move
soon
to make Italy an occupied
ly and
ceed
overruled
period fol¬
he implied,
lowing his address,
according to the New York "Her¬
ald
relatively recent phenomenon, but
at other
times
and places the
to us"
thus
flag
Education.
salute
re¬
and
country
have
been
waged by many good as well as
by evil men.
Nationalism is a
vision
upholding the con¬
stitutionality of the flag salute.
It outlawed, in the case before the
question
a
under*
for such nations to
procure essen¬
tial credit and
exchange when the
.
Court
exception, they
decision
1940
During
otherwise
make it difficult if not
de¬
pauperized."
do
impair the credit and
the
world half rich, half
a
New
costs.
outright gifts.'
conditions,' he said, 'would be to
live with
devising "means to
precedent decision, as harness world production to total
throughout its history world i want during the coming
often has been required to do.
months
of
tremendous
human
"Struggles to coerce uniformity crisis." v
consider
or
free minds.
stitutions to
He
of
affidavits
be open to all
newspapers willing
and able to pay their share of its
"To
"banishment
cannot
50
"In general, the affidavits dial*
lenged the Government's conten¬
and
of a
to be the
wars."
"we
do¬
District
than
Court
goods for relief and rehabilitation
building
the
global
that
Nations
calls upon us to
time
patriotism will
patriotic ceremo¬
key to
these
security in
are
prosecution
i
"Compulsory
unification
of
opinion achieves only the unar
nimity of the graveyard," said the of sentiment in
support of
Court's
6-3
opinion by Justice end thought, essential to
"To believe that
the
economy
to
Southern
more
June
on
Federal
as
a
speedy
areas
burdensome
Press
the
dence and wisdom to advance the
a
quiring a higher authority' pre¬
criminally inclined ju¬ sent- a categorical
answer, he said,
Parents of such children
in respect to the other nations.
veniles.
the
Jackson.
held
and
the
York
with
Mr. Lehman said that never¬
theless, 'in some instances it cer¬
tainly will be the course of pru¬
the
Association, in
devastated
and
at
of
tained for
1
From
of
clared
remarks
Associated
filed
of
nors,
Britain
York
which he
countries
Axis
"The (Jehovah) Witnesses are
sociation and the American
hold
Policy
of
possible
The
Great
New
sound' world
Rights of the American Bar As¬ threatened with
to
Foreign
relief
of
quoted
in
urging and advising that, on
religious grounds, citizens refrain
"Children
Committee
above
speech in
prohibited
of
the
dinner
from saluting the
"
^
"imposition
14th
the
for
was
vices
or
enforcement
also
it
Army
spirit
States
if
banned
salute
distribution
the purpose of the
ment
the
the
that
the
and invades the sphere of
power
declared
erts
United
the
the
limitations
Mr. Lehman who returned in
May from abroad after spending
weeks in London$>.
Court's decision in
the flag salute case, Justice Rob¬
Noting
flag salute and pledge, transcends
constitutional
tion.
two-and-a-half
cipients
compelling the
of
action
to forestall "economic derangements which
might generate a
third world war," was made on June 17
by former Governor Herbert
H. Lehman, Director of the Office of
Foreign Relief and Rehabilita¬
sary,
representatives
the
the
the
think
The proposal that the United Nations out
of "enlightened self in¬
terest" advance relief to war-torn nations
by outright gift, if neces¬
where he had held conferences with
of
ernment
Witnesses
-
decision
the
an
The
21
Axis Control
Mississippi.
Witnesses of
ment by
Italy When Released From
it
8,*-
ality of flag-salute regulation by
the Minersville, Pa., school dis¬
trict, which was challenged by
Jehovah's Witnesses, who contend
that saluting
a
flag constituted
idolatry. The latest decision, which
-—Flag
which
on
constitution¬
the
in
June 3, 1940, in which Associate
the lone dissenter, and to which refer¬
was
our
decision
a
constitutionally be compelled to
they have religious scruples against
3590, the Supreme
p.age
rendered
cannot
flag
8 to 1
an
Justice Harlan F. Stone
.1940
June
on
co-operative organization, the
to
have
the
their
ciates."
oppor¬
own
1
'
r
asso¬
*
•
The Government's motion for
summary
in
judgment
was
these columns of June 3, page
:•";!
2084.
establishment of
Relief
our
a
reported
a
Committee,
United Nations
was
noted
issue of May 27, page 1980.
in
Stock and Bond Sales
deferred delivery sales are
•i'
f
furnish
we
disregarded In the day's range, unless they are the only transactions of the day. No account Is taken of such sales in computing the range for the year.
current week.
June 30
June 29
June 28
June 26
Frlccs
Dally Record of U. S. Bond
July 1
Daily
July 2
113.22
[Close
(High
avas, 1962-67
—
—•[
—.
In
$1,00
Low
sales
Total
Vis,
In $1,000
sales
100.21
100.21
100.20
100.21
100.21
100.17
100.20
100.21
Total sales
Total sales
in $1,000 units———
100.17
100.16
100.17
100.17
100.17
100.17
100.16
6
10
101.3
101.3
———■
101.3
...
1
20
1
101.3
———
units
7
100.17
j Low
[Close
in $1,000
100.21
100.16
100.16
11
Low
-T
101.3
'
101.3
■
1
■
Close
Total sales
106.14
2
Total
:
3s,
107.8
107.8
2
(High
r——■{ Low
in $1,000 units
1948-50
low
[Close
Total sales
units
in
$1,000 units
(High
112.21
High
Low
2s, Dec. 1948-50
112.21
Low
•
-
Close
112.21
Close
Total sales In $1,000 units
1
Total sales In $1,000 units—
(High
104.15
Low
104.15
104.14
[Close
104.15
104.14
4
1
—
(High
Low
104.14
\
Total sales In $1,000 units
2s, June, 1949-51
[Close
Total sales
in
$1,000 units
[High
(High
2s,
j Low
[Close
J
1949-1951-
Sept.,
Total sales
In $1,000 units
[High
(High
2s, Dec.,
\ Low
1949-1951
Low
■
/yyyA [ClOSe
yy
[Close
Total sales in $1,000 units
sales in $1,000 units
(High
[High
\ Low
2Vis, 1956-59
Low
[Close
Total sales In $1,000 units
2Vis, 1951-54
107.8
$1,000 units
1947.——-—.
2s, March
[Close
2%s, 1948-51
(High
Low
[High
j High
"...
[ClOSe
j
Total sales
] Low
2Vis, 1945-47
Low
•
.
[Close
[Close
units
•
[ High
sales in $1,000 units
Total sales In
\ Low
1955-60
''
yV
2Vis, 1954-56
Low
'
' [ClOSe
units——.—
[High
3s, 1951-55
.y.7 yy:
[Close
[High
38, 1946-48
in $1,000 units
Vis, 1952-55
>y>;-yy/
1
Total sales In $1,000 units..—.—
■
Low
V'.:':y VVy-
106.14
[Close
1949-52
Vis, 1951-53
1
High
Total
100.16
100.15
•>'
1
(High
2
106.14
—•
■
Total sales In $1,000
100.15
units.
102.5
Close
2 Vis,
100.16
7
—
Vis, 1944-46
./
100.17
Low
2Vis, 1967-72-,
102.5
3V8s, 1946-49
y
10
102.5
In $1,000
•
High
LOW
sales
Vy':---'.
8
units
in $1,000
—
—
High
Total
'
■
100.20
1964-1969
Total
units
//
July 2
u'—■ V
100.17
Close
2
■
[ High
—-\ Low
>'
July 1
■;
'
100.17
High
LOW
units—
Total sales in $1,000
'
.
101
—
[Close
.
[ Close
3 Vis,
■''^•.-4
) Low
-
[High
in $1,000
•
—
Close
sales
.
units
1963-1968
—-
SVis, 1946-56
Total
June 30
101
101
(High
2'/2s,
—:
In $1,000. units
.
3
June 29
'
sales
Total
1
[Close
1943-45
June 28
—
[Close
] Low
4S, 1944-54
Total sales in $1,000
June 26
Prices
Bond
—
•
sales
S.
U.
113.22
—
[High
of
'
...
Total sales In $1,000 units
Record
Treasury
113.22
[High
—1 Low
Treasury
4 Vis, 1947-52
in Treasury, Home Owners' Loan and Federal Farm Mortgage Corporation coupon bonds on the New York
Figures after decimal point represent one or more 32d of a point (See note below).
daily record of the transactions
a
Stock Exchange during the
3 Vis,
: "
YEARLY
-
United States Government Securities on the New York Stock Exchange
Below
Total
WEEKLY
-
53
New York Stock Exchange
«»
DAILY
NOTICE—Cash and
:.
THE 1 -/MMViRCIAL & FINANCIAL CHRONICLE
Number
Volume 158
2s, March,
1950-1952——:
•{ Low
[Close
Total sales
Total sales In $1,000 units
in
units
$100
__
I High
{ Low
•
[High
\ Low
[Close
2Vis, 1958-63
,.
'
I
(High
.*1
112.20
] Low
[Close
Total sales
112.20
in $1,000 units
23,
1945
Total
sales
■
•
Total
sales
in $1,000
(High
1953-55
\
Total sales
in
Total sales
in
$1,000 units
(High
l%s
1948-—£.
Total
$1,000 units
f High
j
sales
Federal Farm
Low
in
3 Vis,
THigh
in $1,000
3s, 1944-1949
Total Sales
Total sales In $1,000 units
Home
[High
in $1,000 units..
3s
104.16
v-"-".:-:■
Low
$1,000 units
A,
Loan
high
102.2
Low
102.2
102.2
1944-1952
in
$1,000 units..."
11
1
j
j
■
in $1,000
series
Total sales
1%S, 1945-1947—
[ High
2Vis, 1956-58
Owners
in
104.16
Low
I Close
;■/■. 7:<v
-
—
—
Close
104.16
[
sales
1944-1964
[Close
Low
[Close
3Vis, 1952-54
Total
—
[High
j
sales
$1,000 units
units
2Vis, 1950-52
Total
——j Low
[Close
Mortgage
[Close
Total sales
Low
[ClOSe
yy'-y'y
.
\ Low
[Close
2Vis, 1949-53
Low
units
.ijl'' '
2s
Low
[Close
In $1,000 units
1948
Low
•Odd lot sales.
I Close
fSale of registered bonds, all others are coupon issues.
units
NEW YORK STOCK
RECORD
Range for Previous
STOCKS
Saturday
Monday
June 26
*61
55 yB
11%
*30%
50
11%
11%
32
19%
*30%
19y4
46%
46%
*71
5%
*100%
19%
*100%
2%
2%
2%
20%
20%
20%
20%
-V 20%
30
36%
i
*71
30%
361/4
"
v
11%
158
111/4
111/4
14
23
141/8
*93%
39%
22%
*93%
20%
20%
*1%
1%
*1%
23
23
84%
84%
62
62
62
112
111
111
*110
*49
52
50
50
*49
54
111%
54
♦54
56%
*55
53%
Ill/a
11%
32
*22
19%
; 195/8
20%
46%
461/i
11%
*30%
47%
11%
313/8
5%
■/.:
*100i/4
2%
76
201/4
19%
463/4
*71
5%
76
53/4
:
103
*100 »/4
103
55/8
.
*100'/4
*71
5V4
53/4
*100i/4
103
•'
200
>
5%
25/8
2%
23/4
25/8
23/4
28,200
215/8
21%
235/8
23 y8
233/4
23
235/8
49,400
20%:
201/4
211/4
21%
233/a
23
233/4
223/4
231/4
14,200
36 Vi
37%
38%
39%
39
391/4
4,700
301/8
30%
30%
31%
12,600
361/4
31%
11%
v
*71
11
-
30%
30%
76%
30%
*71
11
11
lli/4
38%
76%
*71
*10%
2%
23/4
40
y
311/4
*71
76%
11
U%
76%
-
:
*133/4
14%
22%
22%
22
221/a
22
22%
1,700
X133/4
14'/4
14
14
14 »/8
"11,800
94%
94
94
39Vi
401/4
21
1%
20%
■•■•v-
1%
*22
84%
84
*92
24%
84
.
41%
22
22
24%
*22
833/4
84%
84
29%*
291/4
291/4
29
29
29%
67%
68
68 %
•67 y8
68%
69
1%
1%
*1%
*223/4
67%
page 63.
*91
413/a
21%
21
1%
943/4
401/4
-
*133/4
14%
14%
141/4
13%
94
94
411/4
423/4
2 '
24%
84
:
•
,
;
221/4
1%
*22
84
4.1 Vi Jan
5
54
Jun
30
39
Sep
6
13
Apr
7
2
32
Jun
17
8
21% Mar 30
par
25% Feb
10
24%
84
14Vi Jan
:
&
5,100
;•
•'••■"V'
.
:
■
400
100
1,800
.
8
38 V4 Jan
Jan
28
33/8 Jan
7
67
Jan
25
Jan
85
29%
29%
29%
29%
1,200
Am
693/4
70
71
69%
70%
4,700
American Airlines
Agric Chera
("Del)
tnc
94% Feb
%
Oct
A
Jan
Apr
6% Nov
Apr
6y« Nov
9%
Jun
40
Jan
11
18 '/a Jan
11
Apr 29
31% July 2
64
Jan
15
75
7
13
v
19
9
6V4 Jan
1.
:
Jan
3%
Apr
118 %
Apr
14 V* May
2
14 Vi Jun
7
94
Jun
7
13% Jan
4
25% May 29
13
42% July
22% July
23
Jan
2
52
Jan
27
73%
Jan
7%
149
12 ya
Feb
Dec
Jan
Jan
Apr
16% Nov
28
Apr
6% Not
15
64
July
81
Jan
1
22
Apr
30 %
Jan
Apr
19% Nov
li Aug
1% Jan
I
14%
11
Dec
43
Mar
30y8 Jun
71
May
17
22% Jan
4
7
25
86% Jun
10
10
ll7/«
May 24
20
X67
17
2% May 22
14
No par
—No par
—
16
May
67% Nov
■
f t:,
May 29
11% Jun
163
8
% Jan
.
May 26
4
?
175/s Jan
Alpha Portland Cem__——-No par
293/4
69 % July
Dec
3%
Jan
-50
NOV
n
3%
.7
Cnrp
Oct
4
1% Mar
1
26 Va Jan
Petro
>;
Dec
4
1
733/4 Jan
Amalgam Leather Co Inc..
6% conv preferred
...—
69
3y8 May
100
Amerada
41%
233/4 July
140% Jan
„
Jun
Apr
Jan
10
Dec
23% July
par
No
Mfg__
105
6
15
Mar
29 %
61
1
75 V* May 28
7y8Apr
Jan
8y» Nov
26%
16%
•
2
16 y4 Jan
preferred.*
5% Apr
18% Jun
;
2
10 3/4 Jan
Allis-Chalmers
48% Jun
48%
11
.ft
5%
/-
May 27
5ysJan
par
■-
63 y2 Mar 12
■5Vs Jan
1
Dye- —No
:
Allied Mills Co Inc.——..—No par
Allied Stores Corp
—No par
200
15,000
22 3/a
1%
Chemical
4
75/8 Jan
par
Allied Kid Co—
141/a
943/4
42%
22%
Jan
Corp.——.
Allied
143/4
*133/4
43
Allen Industries Inc___
223/4
360,
May
—No
1,300
223/4
160 %
Dec
31
—No
1,800
*13%
23
160
113
28
25
11
14%
160
159%
Mar
Jun
Steel Co
160
158%
159
May
104
50
Alghny Lud Stl Corp—......No par
Alleg & West Ry 6% gtd—.——100
1
Dec
37
113
Albany & Susq RR Co
...No par
Allegheny Corp—.
100
5%% pf A with $30 war.
5 % % pf A without war.—.100
u $2.50 prior conv preferred-No par
103
2%
51 Vi
23
—I—100
20%
Highest
$ per share
share
23
Reduction Inc..
—No par
Ala & Vicksburg Ry Co
—100
Alaska Juneau Gold Min...——10
6,600
$ per
$ per share
Feb
51% Jan
110
Air
76
t per share
353/8 Jan
No par
100
Address-Mutigr
1,400
/ 5,^00
,
1942
Lowest
Highest
—No par
preferred
Adams Express
Adams-Mills Corp
9,600
: -
47%
76
*74
5%
Acme
300
19%
47i/4
20
X46V4
4%
Abraham & Straus.
60
57l
llVs
31
Lowest
Abbott Laboratories
150
52
Year
Range Since January 1
Par
H 1,100
62
111%
31
111/4
32
STOCK
EXCHANGE
Shares
share
1
24%
84%
see
*61 %
11%
*31
29%
For footnotes
621/4
*110%
52
40%
■'40
*201/4
.
62
$ per
$ per share^
NEW YORK
for
the Week
July 2
21
141/4.
14i
94%
39%
103
$ per share
Sales
Friday
Thursday
July 1
June 30
-
158%
*13%
23%
14
19'/8
46%
*70
5%
76%
158
158%
4113%
30%
*71
76%
111/4
*30%
75%
20%
*35
11%
46%
5%
104
53%
32
19%
*73
5%
111
*49
54
46%
74%
62
111%
50
*53%
Wednesday
—
$ per share
62
*llli/4
50
*53
:'.t
62
111%
*46%
June 29
y
$ per share
62
*111
Tuesday
June 28
$ per share
v; /■+'
[High
1951-55——.——
f High
3Vis,
i:
—
Close
units
[Close
26
—
•
■
in $1,000
112.20
(High
2 Vis,
Total sales
•
Total sales In $1,000 units
2Vis, 1960-65
^
1950-1952
2s, Hept.,
10
May 19
18%
70%
Jan
Oct
18% Jun
24
Not
25 Vi
58 %
Deo
Apr
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK
LOW
HIGH
June 28
$ per
$ per
share
,
$ per share
share
STOCKSyVv
.
Range Since January 1
Lowest
Highest
,
EXCHANGE
Shares
t per share
$ per share
$ per share
^^3'- Rangre -for Previous
NEW YORK STOCK
Sales for
the Week
July 2
July 1
June 80
June 29
Friday
Thursday
Wednesday
*
June 2<»
RECORD
SALE PRICES
Tuesday
Monday
Saturday
AND
Monday, July 5, 1943
'
^
,,
J per share
Par
„
:
■;
Year lp42
Highest
Lowest
$ per share
$ per share
$
per
share;
!
16%
•
16%
16%
16%
*57%
58%
58
*8%
8%
16%
16%
16%
17%
58
8% "
*39
40
135
78
23 Va
*21% '
16 Va
16%
*100%
30
3%
3%-
8%
5,100
79%
79%
78%
79
1,000
23 %
2,700
23%
23%
23%
23 %
114
*114
110
*110
*21%.
11%
*21%
28
11%
28
26%
7%
7%
ioi%
800
4%
4%
55%
8 Va
8%
8%
8%
6 V,
6V4
6%
6%
*
*42%
15%
104%
14%
9Va
*9%
15%
0%
'9%
3%
32 Va
28%
31%
3Va
32%
28%
£8%
28 %
29 Va
.
10%
*171
180
*171
180
.
11%
11
11%
11 Va
*170%
31%
32
-
23%
31%
31%
3%
14%
120
120
3 Va
32
24%
24%
31%
3
8%
•6%
*43
104%
120
121
*31%-
-4%
56
16 Va
9%
24%
24 V,-
*120%
v:
104% 405
14%
14"%
16
*103 Va-
a 14%
43 Va
15%
43 Va
*42%
4%
4%
*57
56%
8%
8%
76
33%
3%
42
*
•118
-
*145
■
-
14%
14%
15 Va
15%
15%
*29%
*103%
*29%
30
109%
110%
*28%
29
*28
154%
59 V<
59%
60%
59%
59 Va
60 Va
144%
144%
11%
47 Va
11%
11%
11%
47%
:
24%
120
30%
31%
32
i
35 Va
10%
11 Va
*171
180
3%
10%
11
*171
180
15%
15%
10%
65
*145
41 %
42
'148%
*145
152
44
148%
*145
148%
27%
27%
27%
27%
14 Va
14%
14%
*14%
—
28 Va
14%,'
-18!.50
No
14%
'
American Stores
Feb
Jan
il%
Mar
9
12
17%
91 ;
21%
Jan
2
Jan 14
Jan
5
16
17%
17%
17%
1,200
American Stove Co————Nq par
29
29%
29 %
30
1,300
American Sugar Refining
109%
109 Va
*110
110%
*109%
29 Va
*28 %
154% "155%
154%
29
154%
60
28%
155
60
'
29
400
•
900
110%
Am
1,000
American
11%
*59 %
60 %
145%
145 3/a
145%
145 Va
670
11%
11%
12%
12 Va
12%
17,200
46%
47 %
5,600
119%
119%
61
61
47 Va
46%
47 Va
47
119%
119 %
119%
*119
47%
120
61%
3,700
t
500
5%
'
1,400
54
'28
2
42% Jan
43% Jan
129% Jan
2
2
2
25
No
25,300
-
-
27 Va
27%
28%
2,520
Anaconda W & Cable——No
22 Va
22%
1,300
Anchor Hock Glass Corp
*114%
115%
115%
115%
80
11%
11%
*11%
12%
200
400
5%
59%
Armour & Co
5%
51,400
60
39
10
9%
•9
*98-
14%
9'A
9%
100
*96
15
-14%
90%
*89%
15 Va
15%
89%
90
89'/a
*88 Va
90
*90 ~
9J
*37%
39 Va
*37%
*104% 104%
104 %
104%
40
104%
105%
*104%
56%
*37%
39%
*37%
*104 V4
105
*104%
56 Va
t7 %
9%
9%
*96
9%
1,500
100
14%
14%
14%
90%
90 V4
90%
90
90
t
90
v.
39%
104%
*37%
104
-
Artloom Corp.,
7% preferred
Associated Dry Goods.
—
320
*
180
39 Va
;
57
5%
—
.
20,300
5%
*27%
*112
28
*56
58
26%
12%
12%
55%
*55%
59%
59%
60
128
10,100
150
12%
..
*11%
4%
400
60
1,560
20
12
4%
2,300
57
56
4%
.13,600
56
128
*122
G &
W
890
5%
43,200
17%
18%
8%
' 8%
8%
8%
12%
12%
12%
12%
10%
17%
10%
50
10%
50
21%
21%
*10%
*50
22
ll'/a
*10%
18%
10%
51
22%
10%
Baldwin Loco
Baltimore
Jan
47% Apr 1
; 155% Mar 15
35% May
132% May
29
Apr
,136% Jun
16% Jun
45
151
29%
15%
17%
33
112%
30%
Apr
3
Mar 2
May 29
May 4
July 1
Jun
2'
Jun 5
Apr 27
156%
60%
61%
145%
12%
47%
119%
Jun 10
July 2
Jun
7
Jun 30
July 1
Jun 25
Jun 28
9%
7%
15
78%
17%
Jan
Jan
Mar
Mar
Jan
101% Apr, ;
33% Apr
34% Apr
120
Apr
3% Apr
22
Apr
108'A May
9% Nov
14% Dec
35% Jan
43
Jan
148% Nov
36% Oct
144
Mar
21% Nov
12
Feb
12
Oct
21% Jan
97% Jan
23
Aug
134% Jan
49% Jan;
50% JanV
143% Jan
7% Nov
33% Dec
116% Jan
20
Jan
2
6% Jan
9
4% Jan
7
Feb
27
92
6V4 Jan
4
72% Jan
'59
Jan
tl
5
7
4
104% Jun
16
44% Jan
Jan
2
100
Line RR
26 Va Jan
13
3% Jan
2
66
7
1
&
Works
v
43
43
18 Va
177/a
18%
Barnsdall
r.
18%
18%
Bath
100
50
100
—10
No
26%
26 7 a
Bayuk Cigars
31%
32
32
Beatrice
102%
32 V
102%
102 7/a
108%
108
No
Inc_—i
par
38 %
38%
38
38%
38%
39 %
38%
39
Bendix
16 Va
Beneficial
—1
Aviation
15%
15%
15%
15%
15%
56%
*55%
56 V4
*55%
56%
*55%
56 %
35%
36
36%
36%
36%
36%
37%
37%
16%
17
Xl6%
16%
16%
16%
16 Va
16 Va
Best
65%
Bethlehem
65
64 V4
118
*117%
63
64 Va
119
...
63%
*118
65%
119
64%
119
119
Indus
Loam,
—No
26
Jan
Oct
Steel
Jan
>4
9%
Dec
Jan
2
17%
Nov
4
397/a
Jan
13% Mar 17
15%
Nov
54
23
Sep
22% Jan
7
24%
Jan
8% Jan
5
8%
Dec
(Del)——No par
55% Jan
7
667/«
Jan
100
110 % Jan
4
——
preferred
25
'
110%
54% Feb
par
•
1%
18%
X23% Nov
34% Jan
Pr
Foods
Jan
9 V, Jan
12
pfd $2.50 div series '38-No par
Best & Co
.—No par
16
7
23% Jan V 7
93
.
—5
55%
16
12% Dec
Oct
16%
12
nov
33% Dec
Feb
16%
108%
6%
4
2
13% Jan
;
Creamery
preferred
Creek
13
Jan
30
*11%
108
5% Jan
12 Va Jan
30
105
16%
t$5
tBeech
Dee
25
11%
108
32
Dec
13%
25
16 Vb
103 %
30
9
Jan
25% Jan
11%
*31
6
Feb
6%
101 Va Jun
12
102 7/b
Jan
7%. Jan
w
16%
108
32
4V«
2
RR
16%
*11.
108
103 %
14% Jan
2
.2
16
11%
*30%
4% Jan
24% Jan
17
*102%
32
2% Jun
34% Jan
1
Works Corp.,—
Iron
8
Jan
6
12
——^-5
27
■
-
6% Apr
5 % Jan
50
Go—.
Oil
2
......r
3% Jan
„
par
preferred——
5 Va %
10% Jan
100
—
Barker Brothers
43
*30%
-
...
13
t C—
Ohio—
preferred
;
Bangor & Aroostook
Conv 5%
preferredBarber Asphalt Corp,
18%
page
4% Mar
6% Feb
24
May
59% Oct
2
49
30
100
100
1
25
w__l—'-No par
I——-50
Beech-Nut Packing Coj.
L—-i20
Belding-Hemingway^
No par
Bell Aircraft Corp.,—
1
see
15% Apr
8
18
May 4
32% Mar 23
Jan
Jan
165
12
2
Jan
Jan
16%
footnotes
Jan
Jan
11%
For
Apr
142% Jun
9% May
52% Apr
2
3
—
4%
18%
64%
Jun
8
168
May 4
16% July 2
66% May 25
){ Jan
26% Jan
22
Jan
6% Nov
11
46
.
31%
118
2
5
Jan
29
I SS Lines
26%
*106%
1 % Jan
34
108% Jan
100
preferred
100
Refining
25
t4% conv pref series A
100
Atlas Corp——
——5
6%
preferred
50
tAtlas Powder.
No par
t5% conv preferred
t
100
Atlas Tack Corp
No par
' Austin Nlcholsi
No par
;;
$5 prior A——
-No par
Aviation Corp of Del (The)
—3
17%
102%
.
May
Mar
Apr,
Apr
Atlantic
43
*30%
July
21%
%
15%
12%
3%
5%
27 Va
112%
*112
12%
55%
*122
Atl
t
23% Mar
119
Feb
26% Jan
'
par
—100
preferred
Atlantic Coast
Apr 24
May 10
July 2
7% Nov
Apr
113% Feb
5
No par
Atch Topeka & Santa Fe
1.000
26%
112%
Preferred called
32%
4%
38
35Va
11%
7
91
Nov
12% Dec
13
No par
—100
—No par
5
No par
„—100
r-l
..--100
—100
:
May
Jun
Apr*
May
5% Nov
7
Jan
40V* Nov
10% Jan
20
lOVaJan
gtd—100
,-_.-5
Co
preferred—
123
;
Oct
MarJun
4
111% Jan
,
1st.preferred—
2d preferred—-
Assoc Investment
140
4,400
26 %
t6 7f
t7%
—
f
'I
104%
....
,
11,000
,1
preferred-——
Armstrong Cork Co
Arnold Constable Corp
1,500
10
100
105 V*
56%
90
10'
2% Apr
Dec
2
Jan
16VaJan
No
(Del) pf 7%
$6 conv prior preferred
3; 300
24% Jan
24
par
No par
—20
5
Midl'd,
Daniels
,
May
2
12,50
Armour & Co of Illinois
2,300
70
39
100
W
P
Archer
*64
*9%
A
1,000
1,600
6
Feb
2
4%
Feb 23
35Va
May. 6 '
6%
Jun 30
65
Jun
1
0%
Jun
4 ' v 4
Apr
7
10
Dec
2
11
4
50
Copper Mining
preferred
Mining-,
Paper Co Inc
9% May
7Va
46
17%
10914
15%
10%
27%
50
37
5
Jan
42% Jan
1
—25
Copper
x36% Apr
- 1% Jan
25
Mar
5
May 27
56% Jun 29
,
>
8% Dep
42% Dec
35
Oct
3% Jan
36'A Oct
7
preferred
$5 div
.
5
May
Dec
49% Dec
25% Jun
2 % May
32% Sep
6
40% Jun 22
70
Jan
Jan
.1% Jan,
10% Jan;
5
55 % Jan
22%
45
33,a Jan
,
Nov
Nov
25% Dec
May
Jun
2
28
109 %
f
3% Jan
27%
45
par
53% Jan
27%
109%
6
8
par
No
*22 %
Andes
Jan
32
No par
Woolen__„
Anaconda
6% Jan 14
115% Jan
—100
preferred
$5 prior conv
par
,-100
—10
—14
100
Amer Zinc Lead & Smelt
200
27%
1st
Preferred
3,400
*50%
$6
14
127% Jan
;
——
preferred
American
Jan
,-100
Water *Wks & Elec
Am
200
54
preferred
Jan
—25
Tobacco
Common class B
t6%
4,900
.
No
Teleg Co
Araer Type Foundries Inc.'
American .Viscose Corp.,
25,100
*50
—
—
Araer Telep &
100
.-100
—
Tobacco
Sumatra
7,800
145%
145
Preferred
155%
60%
60
Jan
Feb
No par
-
16
-
5
.
600
29%
16
6
5
Jan
7
1
2
2
6
29 Va
47%
*98
8% Jan
12% Jan
27
par
No par
,
44
27%
Jan
Feb
Jan
9,500
Amer Smelting & Refg;.u---iNp par
37%
r620^Preferred.144%
t 800
American Snuff---.
25
35%
i
6% preferred—..—....,^-...100
145
7,700
Amer Steel FoundriesNo par
19%
154
44 %
4
2
American Safety Razor
American Seating Co—
tAmer Ship Building Co
940
42%
42
153
*43%
Jan
2
1,600
Xl52%
2
2
54.
1,400
41%
4
Jan
..100
14%
44%
.
4% % conv preferred-
16
153
.
4
3
2
32 Va
.
5
Feb-11
Jan
ft Jan
18%
16%
6%
154
—100
—.
...
2
Jan
2
Jan
2
Jan 20
Jan
7
10% Jan
16
*14%
Jan
20% Jan
X26
.
; 3%
46Vi
«*»
' 18"%
5
4% Apr
.
7
.,,25
32
14%
5
American Rolling Mill.—
16
*43%
.
Preferred
Jan
.
116% Jan 29
-—Na-par
Apr
Dec
Nov
2
% Jan
25% Jun 30
78% Jun 17
36% Apr
1
4
7%'
22%
100%
16%
3
7%
92
May
7% Mar
10
23
4% Jan
$5 preferred—l—,_^-_-__No par
Am Rad & Stand San'y—
No par
;
Feb
.5%
39%
.7%
81%
12%
7%
.—_1
Amer Power At Light,—i—Np-par.
,$6 preferred.
No par
42,400
Oct
Dec
Jan
Feb 25
Jun
2
Jun
4
9
May 10
87% Jun 16
1,620
16 Va
32 Va
•
40%
152
•'
180
15%
64Va
••
18
May
3% May
14
Dec
29% May 18
2
Jan
2
37% Jan 11
6% preferred——,—_r_-^100
American Haws Co_—
8
53'/a Jan
,
420
Dec
Jan
2
35
—,1
j5% conv preferred^.«r:--.A--.w^0
American Locomotive-—.—Nq par
^ ; Preferred,
Amer Mach & FdrCo^LiiiNQ-pa^
Amer Mach.& Metals..Nq par '"
Amer Metals.Co Ltd,,—i
Nq par
17,200
19,800
34,600
22,900
3%
Jan 27
2% Jan
,
50
{
31 Va
29%
119%
120
*118%
23%
*118
9%
32%
60%
61
607/a
144% 144%
V 9%*
38
x29
29
154%
154
154%
30
109%
107
14%
35%
148 Va
27%"
14%
14%
.
8
30
conv-preferred————50
American Invest Co of. Ill
30
15,800
3,000
3,700
1,300'
2,500
103
>15
May 20
May 6
l%Jan
2
46% Jan 12
7
Jan
6
39
Jan
6
Amer Ihternat Corpppr
v
1,400
May
Mar
24% Jan 21
American* Ice—--————No. par
6%non-cura preferred
,-100
*
\
15 Va-
15
104%
x31 Va
151%
27 Va
6%
43 Va
34%
32
*153'a
:
24 %
120
;
31%
3%
44 Va
■
9%
64
27%
14%
6%
16
69
4% Jun 10
2
6% Jan
Jan
105
24%
11%
18%
104%
31
Jan
Oct
33
7
1
Jan 26
1% Jan
176
15
Feb
l
Mar
159
24% Apr
4
No par
American Home Products.
8,100
*6%
*43
34
3%
63
*145
148 Va
27 V*-
Encaustic. Tiling.
Apr
Oct*
Jan,
Feb
Dec
Dec
114% Jun
22
Feb
Jan
Apr
Apr
Apr
112% May 10
5
Jan
96
American Hide & Leather— .-A-—1
400
400
41
31%
3%
31%-
.42%
42
15%
23%
24%.
15%
44
44%
6Va
43 Va
*9'/4
9%120
500
1,000
107% 109
14%
14%
15%
32
150%
152
•
4,800
14%
15%
107
14%
*43%
'
.
1,400
4%
6%
16
*151
1,000
19,600
24%
57%
8%
43%
6%
43%-
63%
31%
31%
42 Va
31 Va
American
4,500
15-W
63
18% Jan
Oct?
Nov '
9%
49
6Va
33
130%
3%
74%
73% Jan
20% Jan
110
Mar
109
No par
16,400
87
68
14%
15 Va
4
Amer European Sees
*40%
67%
67
54 Va
79% Jun
American Export Lines- Inc
—1Amer & For'a Power
No par
$7 preferred———.-L^No par
$7 2d'preferred A—
iVo par
$6 preferred__i———No par
American Hawaiian SS Co_
—10
3%
4%
15
2,000
76
53%
64% Feb
Jan
Apr
Mar
20
May
55% May
1
6,200
33
4%
45% Jun
9%
23%
53%
6
27%
*85%
66
24% Jan
,
3,500
3%
2
12
Allegh Co N J
25
- 19%
American Colortype Co—
,..,10
6%
American Crystal Sugar—14%
6% 1st preferred.,.
100
97%
Ame- Distilling Co—
_20
15%
; 130
30%
•
5%
38%
3%
23
120
1%
56%
4
180'/a Jun
Am Chain & Cable Ino—No par
t5% conv preferred—
100
1,400
9% May
90% July
2
9
Am Coal Co of
16
27
'
20
Jan
7% V*.7%
7%
65%
3% Jan
2
par
No
Preferred
1,000
*9%
26%
7%
Fdy
—*
11%
3%
9%
9%
26%
&
tAmerican Chicle
30%
*8%
4
71% Jan
:
11%
*100
3%
26%
65%-
.
4
100
Car
,10
15%
11%
American
5
173
—-
160
111
30
*9
'
115%
110
102%
3%
23%
114
"28
11%
11%
29%
520
180
108%
*21%
28 *
•
23%
90%
179
115%
*114
108%
*100%
-
47,600
79'/a
90%
180%
16%
.
8%
90%
8
78
77J/a
89%
179
17% May 4
60
May 10
9 34 Apr
8
40% Jun
1
132% Jun 14
5
Jan
4% Jan
27% Jan
127% Jan
—No par
—100
Amer Cable & Radio Corp
1
: American Can—
25
tPreferred
—100
8,600
8%
90
8% Jari
47
-
Am Brake Shoe & Pdy
8 Vt % conv preferred
600
40
43%
16%
103
*29 %
;
135
42%
*21%
11
40
•132
42%
23 Ve
•
40
135
42%
108
V
40
*132
8%
89%
115%
11
40
42%
,*106V2
28 ;;r
2,200
42%
*114
10%
8%
180%
77%
23 Va
8%
American Bank;10
6% preferred—;———
.50
American Bosch Corp—1
340
8%
108
108
8,000
58%
179%
115%
*114
8%
16%-" 17%
58 y„
.
135
*38%
•'43;^ v43%j
:
:?:i
58%
7%
179%
43%
42%
*76%
8%
17%
89%
179%
89
88 %
179
8%
*132
135
7%
7%
7%
88%
*178
8%
39%
*132
17%
*58
8%
*39
*132
.
121
Jan
'A*
Jh- ':'•'.
v
Volume
A
AV
•
■
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4191
158
LOW
SALE
$ per
PRICES
STOCKS
Thursday
Wednesday
June 30
June 29
June 28
June 2(1
HIGH
AND
Tuesday
Monday
Saturday
$ per
share
share
Sales
Friday
July 1
July 2
$ per share
-
I per
share
35 Va
35 «/2
36
36%
19
19%
19
19%
18%
18%::
.18%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
17%
17%
17%
17%
17%
17%
17%
17%
17%
18
18
18
*94
*17%
52%
53%
53%
52%
52%
*161/2
17%
*16
*95
98
*95
93
*50%
93
52
93%
*91
52%
*50
l
:
'
;
50%
50
28%
*28
*50%
50%
28
28%
53
53
y.
273/4
94
M;
52
28
128
A
94
*27%
27%
273/4
27%
27%
27%
28%
28%
281/4
36
35%
36%
35%
37%
37%
373/4
37%
38%
:
43/4
43/4
:
*43/4
4%
351/4
35%
35%
35%
35%
35%
*271/2
281/a
*27%
28%
*27%
28%
IOV2
10%
10%
10%
10%
10%
*4%
29%
43
29%
*1
*41%
10 'A
10%
10%
30
29%
30
43
43%
*42
43
433/4
43 V
43%
*42
43%
10'
*
*42
1
1
1
1
16%
16%
42
42
17%
16%
17%
42
A
18%
I8V4
18%
9%
9%
9%
:'112%
113%
*112%
-*18
81/4
8%
8%
107%
43
18
9%
'8%
8%
107%
9% Jan
76
Jan
26
19
Jun
21
8
97
Feo
9
2
Bon Ami Co class A———No par
B
1,700
17%.
A
7,600
43
100
;
9%
1131/2
Bucyrus-Erie
113%
M
10
7%
preferred
9%
91/2'
9%
9%
9%
9%
8%
8%
107%
i
108
8 Ve
V
:
106%
Budd
8,800
8%
x
250
107
9%
9%
'91/4-
9% '
9
•
9%
•
18%
18%
18%
18%
18%
18%
183/a
18%
18% 1
18%
18 »A
22%
23
223A
22%
22%
22%
22%
22%
22 V4"
{E G) Mfg
17 %
22%
32
32%
30%
31 '
33
32%
32 3/4
33
30%
30%
31
31
'107%
108%
14%
14%
14%
14%
*5%
5%
5%
5%
108
107%
108
*323/4
33
14%
5% ;
*58
*571%
60
60%
60%
*37i/8
39
39
39
10
10
10
25%
25%
26
5%
*25%
4
"1
17%
18
80
80
22%
22%
22%
23
23%
27"%
28
28
283/4
53
53
1%
*52%
1%
7%
7%
7%
*17%
17%
17%
*16%
17%
21 %
22
22
22 %
33%
33%
34%
9%
9%
45
45
83/4
451/8
5%
5%
5%
3,300
Bush
62
*58
37%
26%
'
4
17%
80
23
23
29%
54
7%
18
23%
23%
29'/4
53
7%'
.
211%
21%
33%
33'/4
400
•9%
9%
14,300
21%
33%
33V4
93/4
10%
46
44
461/2
*45
91/4
441/4
95
95
2,800
•;
500
Gannon
9%
8%
8%
500
44%
44'A
.'-v 110
44%
Mills
Carpenter
*4%
4%
*43/4
4%
-43/4
43/4
43/4
4%
47/8
4%
900
121%
122
*121
1221/4
122
122%
*121
140
140
*140
143%
*140
143%
*140
48%
48%
39%
39%
1041/4
104%
104
117
13%
124%
1243/a
124%
91%
117
117
14%
50
50%
5,700
14 3/8
5,900
49%
14%
104%
104
104 y4
*124
125%
117
*116 V2
117
14%
14%
143/8
14%
91%
91%
91%
92
92
*21%
21%
3%
21%
213/4
21%
143/8
14%
*91
21%
3%
3%
A. 106%
3%
3%
-
31/8
143/s
93
21%
21%
Preferred
3%
1061/2
153/4
16%
153/4
16%
10
16
16
*213/4
22%
22%
22%
22%
22%
22
3%
1063/4
107%
16%
213/4
22%
6%
22%
6%
*6
38%
38%
♦56%
18
22 *
22%
23%
•
;
5%
44%
*101
:
56%
56%
181/4
*103'A
22
45 Va
14 3/4
:,
.14
5% A:16T ;
19% \
5%
19%
13
13
22%
23 /
*22
45%
ioi%
/
56%
6 '.v
Y.A
Dec
Dec
73,4
Oct
5%
5%
19%
13
13
19
193/4
193/4
19%
191%
40%
40%
40%
40%
40%
533/2
52%
52%
*52%
147/a
*13%
173/4
171/4
17%
2 Vs
23/4
193/2
•
*13
19
18%
18%
40%
40%
40%
40%
52%
52%
52%
52%
*52%
14%
14%
*13%
15
*13%
17
17%
16%
16%
23/4
2%
'.
15
v.
19%
*
17
17%
23/4
2
2 3/4
23/4
Jun
Feb
4% Sep
6% Jan
4
7
Feb
21% July
2%
!
Apr
3% Jan
10% Nov
6% Mar
2
15% Jan
Oct
19%
69%
Jan
17
Deo
Jan
22%
Deo
63%
Nov
IV4
Jan
9 % Apr
193/4 Apr
7
63/4
Jun
7
11%
Jan
16%
13% Jan 13
23% May
7
9 Va
Apr
15%
Deo
29% Jan
23
38
Mar 31
27%
Deo
33
Aug
6% Feb
9
3%
Jan
36% Jan
par
21
4% Jan
;;
2
11% May
46
7
29% May
l3/i Feb
37%
6
4
32
Apr
38%
Dec
8
77
Apr
89
Jan
46
Jun
i—100
X85
X96
Apr
Jan
7
25% Jan
8
.1
L—100
3% Jan
8
77% Jan
11
123
May 10
127% Jan 21
141
Jun
21
31% May 29
53/8 Apr
6
50% July
28% Nov
2% May
3% Nov
54%
Apr
78
23
117
Jan
130
2
30
Apr
7
40% Jun 25
15
Apr
95% Jan
26
Apr
4
106
May 24
125% Apr 27
82
Jan
110
Apr
•96% Feb
1
117
8% Jan
2
7 76 3/4 Jan
2
16% Jan
12
/
1% Jan
973/4 Jan
Jun 28
143/4 Apr
7: 93
July
23% Jun
UTTtl
Apr
6% Aug
5
2
66
7
16
2
3% Mar 12
4
Jan
12
18% Jun
Jan
2
23% Jun
Jan
7
98
Mar 19
X33
Jan
14
3
Jan
2
32% Jan
8
11
7% May 13
113% May 10
41
Apr
19% Apr
22
108
8% Jan
13
7% Jan
7
Deo
8%
Deo
Deo
23%
Jan
2%
Nov
110
Jan
3%
Oct
18
Jan
3% Nov
104
35
Deo
Oct
Apr
3%
Nov
32%
Deo
14%
Jun
93
May 17
A———————„—•40
Chicago Great West RR Co
—50
-5% preferred-M—50
•■
97%
75%
Jan
15% Sep
26% May 22
Jun
Deo
Deo
23% Jan
7
8
29%
97%
July
1%
6
,5
12
Deo
120% Jan
82
1
Jan
18
Jun
Deo
,
42% Deo
27
4
99% Jan
17% Jan
Jan
2% Apr
8
7% Jun
65% Apr
Mar
1%
7
3
Apr
90
5
13
Feb
7,1% May
107% Mar 15
3
K'.
Feb
4% Nov
22% July
26 3/4 Jan
119
7% Nov
28
25
40% Jan
Nov
Jun
Jan
.
7% Nov
9% Apr
10
40
9% May 11
Apr
5%
Apr
19
•
16%
Jan
Oct
100% NOV
9%
Oct
27%
Apr
303/4 Jan
89
Apr
98
%
Apr
17% May 13
7% May 12
23/4
Jun
„
'
1%
Feb
2% Deo
8% NOV
Jun
2%
Jan
10% Jan
4
21% Jun
2
8%
Jun
13%
Sep
Jan
4
13% May
3
4%
Jan
No par
15 Va Jan
6
No
Chicago Pneumat Tool
37
2% Jan
6
—5
6
7% Nov
22
Apr
5
12
Aug
17% Jan
Jan
8
41
May
1
33
6
54
May 27
47
Apr
July
393/4 Jan
48% Jan
par
11 % Jan
12
10
13% Jan
4
par
1% Jan
2
25
$3 conv preferred
.'
^-Pr pf ($2.50) cum div
243/4 Jan
30
par
No par
Yellow Cab
No
Oil
153A Apr 30
18.
Jun
10
52
Jan
8%\jan
11%
Nov
11% Jun
13%
Feb
'
2%
:
*27
21/4
83%
83%
84%
83%
*14
14%
102
102%
101
48%
*48
49%
*47
*463/8
7%
38%
*130
*
*66
*125
140
841/a
v
102
*47
*66
*130
140
75
*66
75
230
*471/8
48%
>
8%
-
39
140
733/2
.
■
83/4,,.;
8
39
*130
•:
731/2
:
800
36%
*105%
91%
1141/a
37
37%
110
114%
114
37
*105% 110
91%
91%
*52%
;•
42
423/4
913/8
*52%
*91'/B
42%
42
92
;•/■ *52% .60
60
60
37%
*106
*105% HO
91%
*52%
•
1141/s
*114
114%
37%
37%
42
41%
42
36%
363/e
36%
36%
36%
36%
*1453/4
1461%
*1451/4
1461/2
*1451/4
109 r
109 VB
1093/8
1083/4
*66
: 631/4
64
64
*820
*820
1071/a
27%
*110
21%
21%
107%
1071/4
1073/4
27%
27
27%
113
*17%
113
*110
17%
,
64
;
76
114
173/4
1.13/4
18 Va
211/4
:
.
.
109
21%
1073/4 ,107%
20
27
17%
12%
113/4
11%
11%
11%
11%
11%
*10%
11%
*10%
11%
*10%
11%
22%
223/4
22%
22%
22%
22%
.22%
22%
22%
22%
22%
22%
22
22%
22%
22%
For footnotes
see
page 63.
-•*11%'
11%"
11%
.
*110-
•
26%
223%
IP/4
223/4
•
„^
"
108
v
11%
.
-
9
Jan
10S/4 Aug
3
92
May
99
Aug
Feb
10
5
32
Oct
34
Apr
£
3
Jun
-
18%
113/4
No
par
33
123
2
283/4 Jan
22
—100
101% Jan
7
5,000
1,200
38% Jun 30
17% May
50% Feb
47
150
;r
(The)
—100
No
No
88
——No
par
,
100
—LOO
Jan
4
,62% Jan 11
par
16% Jan
i!
1033/4 Jan
12
17% Jan
Jan
112
Jun
65% Mar
May
32% Apr
25% Apr
,
4
Jan
27% Jun 28
Apr 13
14% Mar 15
12% May 12
12% Apr
2
6
2
243/4 May
x24
Jan
Nov
2
15% Jan
Jan
Jan
36%
5
2
153/4 Jan
84% Mar
50
44
Nov
2
—2.50
Deo
Deo
63%
Jan
—2.50
31%
102
02
3
Columb Br'd Sys Inc cl A
Class B
Mar
149
3% Jan
—100
Deo
72
112% Nov
Jan
7
2d preferred
125
56% Mar
4
18% Apr
39% Nov
55%
22% May 18
108% Mar 31
111
Deo
7
8
Jan
1st preferred
—100
Mar 31
14% Jan
2% Jan
108
4%
—
16
48 Va Mar 30
139
6
5
% May 20
Jan
Feb
470
No par*
-No par*
Colgate-Palmolive-Peet
t$4.25 preferred
142
par*
May
91% Jun 26
May 13
Co
.*
22
95% May
39
No par-
6 i% Apr
107% Jun
1
12
"fClass A_,—
;
May 19
106% July
33 % Jan
;
4%
223/4
7
2
No par
22%
74% Jun
Mar
114
6
No par
223/4
Dec
23
Colo Fuel A Iron Corp-,
Colorado & Southern—,
22%
120
Feb
Collins A Aikman
5 %
conv
preferred
270
18
Jan
2,900
1,300
Jan
38 % Jan
par
2,300
11%
Jun
84
No
.
2% Mar
28
50
Molybdenum
43%
4
130
(The)—_1
Bronze Co
Jun
8% Jun 25
Mar 17
.4
67
July
52
13
Jan
Feb
par
85
39
109% Jan
_100
Coca-Cola Intern Corp
420
2% Jan-13
5•'
100
No
preferred,
Coca-Cola
5,300
.
Equipment
O. C. & St. Louis Ry. Co
8%
27
100
Preferred
600
113 '
*11% I 123%
*11
40
:
"'v.Vu :A*,V
"
22
183%
11%
....22% ,22%
-
70%
6
:Chiett Peabody A Co
320
263% ; 26%
'
11%,-11%
.
•>
64
21%
*110
18%
11%
*11
•
i083/2
107%
•
113
173/4
18
11%
.
*820
Jan
15% Apr
103% Apr
Climax
5,300
1463%
"
Feb
Jan
4
7Clev & Pitts RR Co 7% gtd—.50
Special gtd 4% stocky
——50
1
38
25
2
Clev Graph
4,700
,
May
7
%
40
42%
-•64
-
26%
27%
113 M
11%
'
*108
64
107%
*110
12
*145iA
1081/2
64
107%
11%
12%
146-%
1081/2
,
*820
*10%
123/a
37%
107% 107%
27
1 'A- "
37%
21%
113
>
60
146%
••■:•
64
i;
92
*52%
37%
—
60
20
10% Jan
No
—
2,100
,
*911/8
42
211/a
211/a
27
18%
%
38*
110
6
1
2%
67% Jan
5
r
5% preerred
Clev. El Ilium $.4.50 pfd
120
^
1
38
*]06
60
21%
•
>110
173/4
m
41%
41%
1453/4
*108
•
92
*52%
-
371/a
-•A *63%
38
106 '/a.
*91 Ve
/•
*820
*820
21%
21
>
64
•42%
:•
106
91'/a
60
114'A
*373/4
383/4
1453/4
108%
633/2
114
108
36%
146 3/a
108%
1141/B
Deo
96% Jan
O.
'
*113%
1
par
Clark
140
114
:'■■■
4,100
32% Apr
4
—.1—100
...
20
.
39
.
3% May
City Investing Co
City Stores
1,600
102 3/2
49
No
Copper1 Co
Chrysler Corp
City Ice & Fuel
■6V»% preferred
15,500
14%
*102 3/4
y8
*130
•
85
v.: 14 3/2
1021/2
8
140
83%
Co—
Chile
14%
»• •■■
*38%
61/4
38%
;
30
*27
85
U l4%
48
83/4
38 3/4
30
83%
•••
14%--
1021/a
8'/8
*130
77
48
-
*27
38%
8
*383/B
140
*66
80
49%
"83/4
383/a
*102
101
38%
8
8'/a
*371/8
'141/4
14'/4 z 143/4/:
14 3/4
1023/4
2%
30
831/2
83%
83
143/4
102 3/4
'/a
*27
30
*27
30
*27
30
2'/4
•
Jan
16%
1
95
60% Apr
% Jun
30
Dec
10
45% May 3
101% May 17
Childs
Feb
Nov
2
3,000
Oct
3%
24%
6%
5
Cotton
"9%
44
2
Chicago
'
Dec
Jan
2% Jan
Chickasha
203%
Sep
95 Va Jan
-'.Class
Oct
263/4 Nov
18
5
;
;,.v
r
40
Mar 27
1% Mar
25
4
26% Jun 30
-
15% Mar :,
,
3
19
33% Jan
1,600
.
10
100
70
15
*161/2
May
42% May
Jun
Chicago Mail Order Co
100
*13%
,
75
•
56
•
171/4
Jan
No par
600
.
53%>A
2%
—25
2,700
,
4
30
Preferred series A
4,300
-
Jan
5
Chic de East 111 RR Co
2,500
••
,131/4
6%
2
No par
——100
Chesapeake & Ohio Ry
400
2,200
19%
40
■/"
7
7
.No par
T
preferred
Checker Cab Mfg^
•
7
24
No par
6%
8,100
14% May
% Jan
—100
-
Cham Pap Se Pib Co—.
10,400
•
143/4
19%
——
Chain Belt Co—
18,000
-
7%
14
14%
5%
•
45%
7
22% Jan
18# prior preferred——100
1,000
107 V
73/4
5
5
6% May
2
9% Jan
No par
1
Cerro de Pasco Copper—
Certain-teed Products—,
130
;
2% Jan
100
300
■■■•,;
'.
r
22%
*102
-
73/4 A: 7%
14%
104
19%
40%
17
3%
85%
Jun
Sep
523/i Jun
*—100
———
400
i8'A
21%
21%
45%
45%%:
105
*101%
•••/
7'/2
480
133/4
53 3%
*13%
2% Apr
47 Va
Sep
50
preferred
Preferred
13%
*52%
15
Jan
15% Jun
2
—„
3,300
19'A
:
112%
5%
par
Central Foundry Co
/Central 111 Lt 4%% preferred—100
rcent RR of New Jersey
100
Central Violeta Bugar Co
•Century Ribbon Mills
No par
3,700
6%
*17%
■:•.-•■.
1,100
383/4
,
104
18%
,
*40 %
•
103%
,,14'/a
5%
5%
19%
13%
13%
18%
21%
103%
45%
7%
5%
193/4
19
*21%
22 •; r
45
|,14
5%
19%
*18%
*17%
■-■
.
14
57/e
133/4
18'A
213/2
104
.A
1013/2
7% V
19 Va
13 Va
57
211/a
101l/2
7% f:
1
■
56%
44%
14
143/a
;
63/4
56
400
2,800
110
38%
6%
20% ; 23V4
7% " W.
*106
38%
67/a
1013/2
v
7%
110
1,100
&
6%
38%
44%
*101
7%
*106
*6
6%
101%
44%
44%
101%
7%
;
Jan
X103 % Mar
16% May
19 Va May
5
Central Agulrre Assoc*
2,100
22
*21%
38%
181/4
Oct
8%
25% May 20
5% series prior preferred_w—100
71% prior preferred—
—MOO
7%- 2d preferred—
100
Oelotex Corp—No par
280
15%
6%
103 ,/•:■
14%
Dec
11%
9
,,
5,900
3%
107
14
.38%
21%
*21%
103
24
23%
23%. ;•
*6a/8
V
110
*106
56%
*17%
22
104
104
104
6%
3%
*106
•s'
7%
56%
181/4
■*18
18
*21%
*103
-
38%
"7.
573/4
*56%
57%
107 ^
*6%
110
38%
7%
106%
6%
*106
38%
7
,
106%
*6
110
*106
38%
7%
7
106%
6%
*6
•
110
*106
•/
;.
3%
16
-
*105
2
No par
Celanese Corp of Amer—No par
200
>•
14%
93
iV
.•••15%
*3%
106%
-
Apr
108% Jun
.6
6
Caterpillar Tractor
320
116%
^
80
124%
393/4
22
21%
21%
Jan
Jan
6
1
Jan
'
21%
35
5
16
.".
Co
Carriers Si General Corp
/ Case
J 1) Co—-———
1,000
143%
14%
1163/4 1163/4
14%
49%
91%
i:
120
124%
124%
13%
91
49
104
124
117
117
1191/4
*140
143%
*103%
391/4
104%
131%
1221/2
.
Steel
Jan
5% Jan
20% Jan
1
100
91
Nov
9%
7
No
500
*1151%
10%
Apr
31% Jun
4
21% Jan
5
95%
40
Jan
Apr
35
4
41
•
25
30%
39
1%
'728% July
6
Capital Admin class A
44%
-
*8%
*41
9% Jan
■
100
95%
123%
Aptf
29% Apr
5% Apr
Canadian Pacific Ry-
30 3/8
*104
Jan
%
18% Mar 31
:
No par
Campbell W it C Fdy
Canada Dry Ginger Ale
tCanada Southern Ry Co
21
10% Apr
4
18% July
83% Apr
Calumet & Hecla Cons Cop
1,600
93/4
6% Jan
.
8
*
4,400
33%
par
Jan
No
30%
40%
1041/4
Nov
43
7
;
9% May 10
116% May 10
72
Zinc-Lead—;
95%
124
35Va
1
Mar 25
1
Packing
preferred
7%
21%
*8%
t5%
Callahan
171/4
93%
441/4
California
30
7%
33%
*45
7,700
2,600
95%
40
Jan
Apr
A Apr
; %
6
-No par
Byron Jackson Co
*29%
104V4
8
5
30%
*123%
5
No liar
:
100
preferred
17%
21%
48%
1
114
2
——30
Zinc
-
Participating
*29%
48%
Jan
76% Jan
^^—100
30%
48%
.3
preferred—100
preferred—r>.
Butte Copper &
Byert Co (A M)
1%
1%
7%
95
49.;
12
2% Jan
*29%
48%
104% Jan
105% Apr 20
*94%
48 3/4
10
10% May
—100
29 %
/
18% Jun
No par
29 %
1401/4
4
7
2
*94%
121
Jan
6% Jan
13
6
29
140
14
20% Jan
95
120%
Jun
24% Jan
29
■A
42
2
1% Mar
5
95
4%
8
U Mar
•
4
$3 preferred A
tCarolina Clinch & Ohio Ry
43/4
Nov
Nov
30
44% May 21
293% Jan
14% Jan
——-
4,000
,
53:
1%
7%:
17%
g
Sep
9%
21%
26
43% Feb 25
7
20%
Jun
15% Jan
••:.:
18% Jun
1
Terminal—
conv
6,000
29%
54
17%
44%
441/4
31V* Nov
May
73%
2
—
£%. preferred
410
29%
1%
7%
A "•
18 V*
80
*52%
1%
:
600
4%
*4
80
17%
46
g
9
16
193/4 Jan
45
95%
.
Jun
Mar.
1%
'
■
Butler Bros-i—--ii——10
'
1,400
23%
.
30
26
80
.18%
'
3,700
.
preferred
Bush Term Bldg
40
101
26
4fv-:
17%
i
37%
9%
26%
79%
1%-A
62%
*36%
10
5%
20
*57
37%
9%
*26
4%
%
63
37%
•-
10
17
9%
46
46
9
*44%
5%
34
,
9%
10
46
:
83/4
53/4
21%
*33%
9%
*44»A
5%
;
17
213/4
33%
7%
Jan
37% Jan
_1
Burroughs Add Mach__
"
*7%
33
M
900
29
-
20% Jan
Dec
25
9% Jan
Burlington Mills Corp
6,800
*52%
1%
Jan
,—No par
Bulova Watch
900
4,800
r
14%
22%
54
*1%
9
Jan
22%
Jan
X15
Jun
27
£
::
;
107%
17%
29%
28%
1%
,7"%
Jan
17%
283/4 Dec
3% Oct
% Apr
30% July
12% Apr
30% Jun
No par
Co
14%
793/4
23%
6
36
Jan
Jan
No
;
Forge
Bullard Co—;
800
*106%
*4
4%
17%
! 80
*52%
54
""-11%
y
Wheel
Buffalo
1,300
.•
143/8
26%
17%
80
2% Jan
28% Jan
100
107%
26
"V
17%
80
Feb
40 a/4
30%
193/4
20
No par
14 %
9%
*4
17%
80
95%
•-; ,■■•;::;-
*106%
37%
37%
v
•.-•
14%
MO
26
•
4%
4
4%
•
323/4
-'31%';
*58
62
37%
10
10
A
Deo
May
38% July
13
preferred
14%
•
.
32%
31%
108
107%
108
14%
33%
31
31
"31%
'Budd
2,100
'
18%
22%
30%
Jan
43
May
'
22%
*321/4.
:
Dec
21%
28% Jun 30
& Jan
Co
Jan
75
22% Jan
l—100
Bruns-Balke-Collender_.
3,200
V
12
72^
50% Jun 25
—5
3,800
18%
Apr
25
Mar 20
No par
No
par
Brown Shoe Co_„
■
Jan
Jan
26% Jan
No par
No par
Brooklyn Union Gas—
.
2
Jan
14 Va
July
13% May
2
Apr
13 Ve May
18% Mar
•
1—100
Bklyn-Manh Transit—:s
-
95
12
Deo
19%
7%
28% Jun 25
17
Briggs A Stratton—.——No par
/Bristol-Myers
Co—•—T
5
Brooklyn & Queens Tr—
No par
400
9
Highest
per share
29
143/4 Apr
5
Sep
11% Jun
,
Jan
1
Inc
Bridgeport Brass Co_—w,—No par
Briggs. Manufacturing——No par
y
'•
No par
-
Stores
91% Jan
38 y2 Jan
Roller Bearing Co
—5
Erewing Corp. of America——15
400
?
91/4
113%
Class
-:
6
17
;/ " 21% Mar 30
41% Jan 13 "v 56% May 6
.5
Brass
&
Bower
600
;
18%
-3
Aluminum
Boston & Maine RR—
2,500
Apr
58
14% Jan
f
•'
107%
8%
9%
*113
July
900
'
1 /
*42
18
'
18%
93/8
113%
108% 108%
108%
43
.
-
163/4
■
5
900
'
;
43%
ft
1
17%
18%
9%
*113
-l./C
13% Jan
Borden Co (The) —i.——15
Borg-Warner .Corp—,-5 v
'8,100
43
%
6
No
Co
800
*
.
30
43
:
11% Jun
Bond
9,600
11%
*42
'•''' 1/2 V
*42
8%
8%
107%
i
113%
*113
113%
106j/2
93/4
9%
17
18
18
18
9%
-
17%
%
193/4 Mar
2
:.
'-
7,400
.
30 :
29%
43% v
,:VM
*41%
43
*41%
1%
171/8
*%■?«
iV
"
ill
|
18%
5
4
;
600
;
36 ;
A 10%
•
43
43%
*%.
*1
I
.'5
*4'%
36
10%
30
v
30
36 .. >
30%
'
1%
16%
30
44
*%
4% A
*35%
29%
30
43%
<1
4%
37
28%
29%
*43
44
*35
30
29%
43%
A;44AA
*Vz
5
5
5
38 %
$ per share
Jan
6'% Jan
180
'
28%
38%:
28%
'
35%
90
f
38% May
par
Bohn
1,400
;52%y
28 r
*50%
273/4
16,100
y
8
16
,
t per share
Boeing Airplane Co
"
18%
27% Jan
Year 1943
Lowest
Bloomlngdale Brothers——__No par
Blumenthal & Co preferred——-100
30
98
18
27%
27%
*95
S per share
No par
No par
Bliss & Lauglilln Inc.—-—
600
173/a
/• 54
95
Blaw-Knox
'
*15%
18%
,
6,400
<
Range Since January 1
Lowest
Highest
Par
.
Bigelow-Sanf Carp Inc.
Black & Decker Mfg Co
1,600
19%
.
'm,V
;; -"•
2,400
36
'/-•
93
50%
i
28%
28%
54
94
*93 %
94
<
18'/8
.54%
54
:
93
18%
541/4
19%
•;
98
share
per
35%
17 AAA
:
17%
18%
18%
19
:>
36
'19% >19% i
:
-
98
*95
98
18%
17%
19
36
18
*17%
18
*95
98
17%
•
'
18 V
36
36
36
*35
$
Range for Previous
*
STOCK
YORK
EXCHANGE
Sharks
10%
•
10>/2
*16%
$ per share
NEW
for
the Week
11% Mar
97% Apr
10% May
96
May
13% May
% Apr
1
May
% July
470
Feb
17% Nov
107 y#
18%
108
18%
Deo
Oct
Deo
Jan
4% Sep
5% Sep
5
Sep
8%
Apr
16%
Dec
8%
Apr
16%
Deo
■
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, July 5, 1943
NEW YORK STOCK RECORD
LOW
Saturday
June 26
S
per
.>
share
4%
70%
70%
*62%
*92
95
;■
'
4%
70%
69%
70
64%
63
*63
;
*92
94
93%
*93
39
18%
40%;
40%
40%
19
39
39
40
69%
41
v
v
106
*
14
,
14
70%
70%
64%
70%
70%
*63%
63%
63 %
04
18%
95
93%
18%
41%
40%
•
94
18%
*40%, 43
40%
40%
107
107
42%
43%
■
106% 106%
42%
42%
14%
%
14%
%
\t
%
65%
65%
24%
24%
*9%
24%
10
24%
10%
23%
*103%
109%
105%
105%
10
23%
23%
24
23%
23%
24%
*109%
109%
103%
,
109'/4
106
*105
4%
4%
5
101 y4
3
3
102%
*2%
17%
17%
4%
4%
4%
35%
4%
22%
101%
17%
43%
3
17%
.11,100
.
15%
35%
15%
10%
10%
23%
24
24 V2
109% 109 y2
105% 105%
4%
22
5
22%
102%
102 %
35%
35%
17%
4%
5
36
15% '15%
15%
,
47%
.48
25%
23%
5
17 %
4%: ''
"
47%
*47
48
6%
6%
6%
6%
6%
6%
6%
5%
34%
35'/4
34%
35 J/8
34%
35 Yo
34%
35 y8
26 %
26%
25V2
26
26%
26%
27%
27%
13%
13%
49%
45
45
56%
50
*44 J/2
57%
X57%
179 J/4
*178'/4
5'/a
5%
2 ya
2 J/a
21%
21%
X179
179 J/2
5 J/a
21
105%
*22'%
105
22%
23
20%
57%
179 J/2
179%
179
*5>/8
2% -
5%
2%
*5%
5%
2%
2 J/4
21%
21%
21%
21%
105 V*
105%
105%
105%
22]/2
*22'%
2%
*22%
23
23
20 Vz
29
49%
45%
57%
21%
105 J/4
2%:
105%
49%
*45%
57%
45
57%
5'/a
*179
50J/2
45%
*49%
45
57
13% ' 13%
13%
13%
13%
49 J/2
13%
*49i/2
V
300
10,800
25
22%
22%
102% 102%
2%
2%
36J/4
15%
X48
23%
.
4% "
21%
..
\
V
105
105
21%
21%
X101
15%
42%
25%
10%
23%
23%
*9%
48%
600
3,900
'110
65%
24
36
40%
%
|'i
.
63%
23
15%
41 %
40%
*40
*107
80
200
2,000
37,400
63%
•
48%
18%
10,900
24%
36
18%
2,500
14%
14%
63
;
.95
21,500
>
110
14%
lit
Shares
4%
40%
7
42%
13%
,
4%
115
*111
14%'
4%
*40%
40%
■42
42%
;
40
40%
111
111
in
13%
40
4%
18%
,18%r
105% 105%
106%
41%
41%
*110"%
105 %
*92%
18%
the Week
70 Vi
64%
70
63
.
$ per share
Sales for
July Z
$ per share
4%
4%
64%
v
19
41%
$ per share
*63
19
*105%
June Jh)
4%
4%
Friday
Thursday
July 1
Wednesday
$ per share
per share
4%
4%
HIGH SALE PRICES
June 29
June 28
$
AND
Tuesday
Monday
;
/
29J/2
*44
15
46
y8
*93
35%
*78y2
20
13%
15%
93*/a
35%
79%
20
13%
*109
114
noo%
105
19%
*25
*104%
6%
20'
26
105 J/2
6%
73%
73%
34%
34%
8%
22%
8%
22%
*99
109
*86
100
26
26i/2
*6%
*18%
17%
6%
20
Davega Stores Corp
Conv 5% preferred
17%
Davison
Chemical
5
25
(The)
Dayton Pow & Lt 4%% pfd
113
115%
*17
17%
Decca Records Inc
41
42%
Deere
36
36 J/a
1
100
Corp
1
No
Co
&
Preferred
par
20
*19 J/a
19%
Deisel-Wemmer-Gllbert ««.—10
15%
15%
Delaware & Hudson
8%
8%
Delaware Lack & Western
1%
1%
tDenv & R G West 6%
20 »/8
100
pfd
.—50
100
56
20
Detroit Hillsdale & S W RR Co„100
34%
Devoe &
31%
31%
Diamond Match
39%
39%
*47
33%
20%
Detroit Edison
6%
Reynolds A
No par
No par
25
partlc preferred
2
Diamond T Motor Car Co
Distil
Ltd
Corp-Seagr's
No par
pref with warrants—
100
Dixie Cup Co
No par
5%
Class
—No par
A
Doehler Die Casting Co
Dome Mines Ltd
No par
No par
Douglas Aircraft
149%
34
149 J/4
34
8%
8%
12%
12%
No par
Dow Chemical Co
No par
Dresser
Dunhlll
No par
Mfg Co
International
1
No par
100
-20
No par
1st pfd„«._100
157 J/2
157%
128
130
Duplan Corp
8% preferred
Du P de Nem (E I) & Co
$4.50 preferred
120
121
Duquesne Light 5#
116
38%
7%
38%
39
8
7%
39'/2
7%
166
167
165
165 J/2
179%
180
180
180
39%
*7%
40%
7%
165
166
*178
180
40%
122%
42
42%
8
42
8%
7%
8%
165'/2
165%
165% 165%
180
180
*177
•
180
Eastern Airlines Inc
Eastern
Rolling
Mills
Eastman Kodak
(N J)
6%
—..
42%
42%
42%
42%
42%
42%
42'/a
421/2
42%
42%
17
17
preferred
Eaton Manufacturing Co—
*17%
17%
,*17%
17%
*17%
17%
17%
17%
Edison Bros Stores Inc
38
38
38J/4
38%
38%
38%
38%
39
38%
39J/8
Electrlo
Auto-Lite
11%
11%
12
12'/a
12
12%
11%
12
12
12%
Electric
Boat
4%
4%
4%
*4%
5%
5%
4%
5%
4%
/
4%
4>/2
■
4%
5%
5%
5%
5%
65
67%
66%
67%
67
67%
66%
67%
59
60
61%
63 '
62
63
62'/8
63 J/4
40%
41
40%
40%
41
41
41
41
40%
40%
*29>/4
30
*29%
30
30
30
*52'%
54
*52%
115%
115
53%
115
53%
114%
53%
115
30%
54
*115
30'/2
54
116%
30%
—
—
Electric Power & Light
5%
62%
57%
114%
(The)
Elec & Mus Ind Am shares.
62%
5%
-.
4%
56%
6
cum
*54
30%
55 V.
*115
116%
$7
preferred.
—
$6 preferred
Elec Storage Battery
El Paso Natural Oas
Endicott Johnson Corp.
5% preferred
Engineers Public Service
t$5 preferred
t$5% preferred———
t$6 preferred—
Equitable Office Bldg—
For footnotes
see
page
63,
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4191
158
57
NEW YORK STOCK RECORD
LOW
June 26
$
$ per
per share
$ per
share
STOCKS
HIGH SALE PRICES
June 30
July 1
y,
$ per
14 Va
share
14%
14%
14%
14%
14%
13%
13%
13%
14
50%-
13%
13%
13%
137b
13%
14%
13%
14%
13%
14
*50
50%
50 %
50
50 %
50
50'A
78
*75 %
78
50'A
78
*50
50'/a
50%
♦75%
78
8%
*75%
14 Va
13 %
8%
,
*8%
.
•
13
25%'
2%
12%
26
12%
25%
3
2%
.
14%
'
*75%
*8%
12%
*75%
14%
*75 %
78
NEW YORK
for
78
Range for Previous
STOCK
$ per share
Shares
<
3,000
8% Jan
lErie RR common
Eureka
8%
12%
X8%
12%
13%
13%
13%
Evans
25%
26
26%
26
26
Ex-Cell-O
Corp
3%
Exchange
Buffet
39
Fairbanks
Morse
26%
17%
Federal
17
:/
3%
8%
8%
*8%
3%
3%
3%
Light
26%
16
X50%
41%
4<j%
110
109
109
37%
37%
37%
20%
21%
21%
*103
*103%
105
*34%
•25%
8%
47%
*34%
35%
26
109%
38
37%
21
38
109%
109 %
37%
First
Flintkote
20%
21%
21%
21%
21%
103%
105%
105%
105 %
*34%
35%
35%
35
Food
17%
*17%
17%
132%
132%
19%
11%
11%
36%
37
29%
29%
30
107%
*107%
107%
Fruehauf
5%
Trailer
3%
Gabriel Co
3%
3%
3%
Gair Co
13%
*13%
13%
28%
6
10%
9%
13%
*50%
51'A
51%
9%
9%
9%
9%
106
47%
•A 47%
8%
8%
8%
8%
143%
♦139
8%
*140%
8%
8%
-<
;
b. 92%
7%
7%
7%
*16
17
S 27
92%
-A27
*136
139%
38%
38%
417/r
♦115%
■
102%
28%
*136
39%
♦
136
38%
41%
115
1%
1%
102%
•101%
•98
98
131%
131%
139%
*136
139%
39%
39
39%
41%
115%
2
101%
.
98
132
55%
55%
54%
55%
130%
130%
*130%
130%
♦26%
7%
29
*26%
27
27
41%
41
41%
*114
116
116
39%
i%
li%
1%
100%
97%
97%
98 *
132
132
5%
55%
55%
55%
130%
130%
130%
27%
*26%
27%
5%
5%
5%
22%
22%
5%
5%
5%
22%
22%
23'/a
'
7%
7%
7%
•107
*107
109%
'■!%'
*1%
.1%
24%
23%
24%
110
112 Va
•110
1%
1%
1%
*51
54%
*51
5%
23%
••5%'<
7%
7%
*107
109%
1%
1%
22%
*14%
14%
14%
14%
General Shoe
81
Gen Steel Cast $6
80'A
•20%
*109%
24%
22%
*109%
111%
*109%
25
24%
25%
24%
9
8%
111%
8%
*73
*73
74
8%
9
*73
74
80 Va
80%
80%
11%
80%
21
21
21'A
21%
*47%
48
*1%
•••
•
*47%
U%
80
21 %
*47%
48
25
9 Vb
21%
20 %
*109%
24%
24%
25'A
24%
Gen
111%
24%
General
21%
111%
9
*71%
11%
81
21%
11%
9
73
11%
:
8%
*71
11%
General
73
72%
72%
$5
11%
11%
11%
82
*79%
82
*79%
21%
*47%
22
48
21%
*47%
22
48
21%
47%
95%
40%
40%
41
100
98%
98%
2%
95%
Glidden
47%
4% %
41%
103
111%
—
Grant
5%
Gr
25%
•
1
13% Jan
25
par
103% Jan
5
nPa Jan
2
—No par
.—100
28
Consol
Union
4%'
8%
37%
M S
&
P.
(W T)
—50
l7/a May
6
1
3% May
6
100
95% July
2
100 %
40
No par
$5
103'A July
par
Hackensack
7%
15%
Hamilton
6%
11
6% Apr
7
15% Jun 30
.
Jun 25
July
Apr
Jan 27
46
July
21
May 27
127/a Jun
2
7
4
11
160% Jun
RR__
Jun
12
10% May
5
17% May
,
5
41% May 12
Water
Printing
8
65
Corp.;
Ohio
2
1
32% May 10
preferred...
preferred
Hall
29
27% Jun 11
preferred
17%
1
2
Jun
153 V4 May
&
1
25
9% Aor
90
Prop
Sugar
preferred.—
36
Jun
26
Grumman Aircraft
Gulf Mobile
July
18
Guantanamo
*17%
41% Jun
No par
No par
class
Co
Watch Co
preferred
A.
Sep
37%
par
Sugar
conv
Apr
May
12%
Preferred
*35
63
4
50
Green
5%%
Jan
x40% Mar
preferred.
Western
Sep
Jan
3
5
13% May 29
Great
May
7%
36
Ore
May
55% Jun
11
Co
Iron
Apr
8 %
13% Mar
div ctfs..
w
14%
101%
preferred—
Nor
8%
Mar
.20
City Steel
147/s
37%
page
2
Greyhound Corp (The)—.
146%
23
2% May 10
12%
8%
see
Jan
Apr
Apr
% Mar
14% Jun 21
82
May 11
Motors
19%
4%
footnotes
5
2
60
Jan
101
1% Jun
100
45%
146
108
oan
9% Jan
i3«
10%
1
4
52
Jun 24
23% Mar 4
4
15%
3% Sep
99% Aug
110% July
1
14%
15%
2
31% Jan
10
2% May 10
25% May 20
9
% Jan
8
Feb
109
No par
12%
*106%
8'A Jun
2
No par
19%
26%
12% Jan
xl04
10% Mar
No par
]
1% May
1
24% Jun
No par
45%
26%
4% Jan
Mar
1
Hosiery
Apr
13% Aug
<
Bay & West RR...
Green (H L) Co Inc.
62
122
5% May 12
No par
Great Northern
*56
6
2
preferred—
Apr
Apr
2% Jan
No
64%
Jan
27% May 10
Corp.—
Apr
Mar
30
7
k
61
122
2
55% Jun
131% May
Apr
% May
5
May 10
17% Jan
129
No par
Granite
150V2
134
126% Feb
No
Grand
25%
Apr -9
83% Jan 14
1
No par
preferred
Granby
149%
94
No par
Graham-Paige
,
Jan
7
Corp
Preferred
90
For
X23%
Goodyear Tire & Rubb__
$5 conv preferred
39%
103%
8'A
*8
43% Jun 16
(Adolf)—.—
5%
100'A
Apr
21% Apr
118% Mar 8
j 2% Apr
6
110
Mar 15
98
Jun 26
34
12
(Thel
conv
120
13
Gotham
39%
40
102 %
♦88
Co
Sep
1% Jan >4
Rubber Co
&
2
113% Jan 22
V
Goebel Brewing Co
Gold & Stock Telegraph Co
Goodrich Co (B F)
3
95%
1
Jan
Brothers
Gobel
.
May 17
39% July
44% Jan
preferred
conv
21%
:
Tire
Apr
2% July
Apr
$6 preferred
82
9% Jun 5
8% May 19
2
Jan
145
Safety Razor
Gimbel
*79
-
preferred———100
Gillette
9'%
2% Jan
106
2
preferred—No par
Instru
12
4% Jan
Sep
3%
143% May 24
2
Corp
Telephone
Time
6%
24%
9
9
2%
*94
39%
22%
22%
22%
21%
*109%
73%
48
22%
21%
111%
1%
2%-
102
11%;
11%
11%
111%
22%
f
*109%
21
21
3
4
1
Mar
Apr
30% Jan
General Refractories
80%
9% Jun
5% Jan
134
—.—10c
<
22%
23
35
130% Jan
Equip Corp
22%
80%
2
Sep
No par
22%
23
Jun
No par
preferred—....
Gen Realty & Utilities
$6 pref opt div series
1%
51
Nov
No par
6%
55
4
No pat
Gen Railway; Signal
24
110
Jan
Mar
16%
Printing Ink
preferred..—No
$6
98
5
-
Gen Public Service
1%
12
20 % Jan
General
7%
109%
Jun
No par
»
'
106
6%
—
V/'
'•* \'»
29
66%
...
dorp
Precision
Gen
37.
Feb
3%
Jan
102
Apr
Apr
18% May 20
preferred.———.
'!,<>
8%
51
98% May 19
*32 % May 4
—100
.——10
$5 preferred——
.—.—No par
Gen Outdoor Adv A
.No por
Common——
No par
55%
130%
*26
4
-
2
1
4
General Motors Corp
•
6% Jan
53% Apr
10
July
5
Cigar Inc.
General Mills
97%
6%
14% Apr 26
7% Jan
,,t$6 conv preferred series A.No par
132
28
11
71% Jan
Gen Gas & Electric A
100%
97/« Jun
14
May
2% July
1
15
Jun
Sep
16
18
6% Jun
Jun
8
—100
No par
.100
t$4.50 preferred—
1%
100%
7% Jan
9% Jan
1%
Jun
30
12
Jan
1% Jan
10
4% May 17
14% May 26
No par
General Electric Co
A
100%
132
No par
preferred...
1%
3
51
_50
—-
General Foods
41%
116
——10
—5
preferred—
cum
General
139%
39%
11
-
?9
95%
28%
19% Jan
preferred
No par
Gen Amer Transportation
5
General Bakings
—._A——5
$8 preferred
No par
General Bronze Corp
5
General Cable Corp.....
No par
t7%
93%
par
$6
Class A
94
6
1
preferred
5%
17%
28%
2
No
(The)
4% Jun
11
1% Jan
9% Jan
Gar Wood Industries Inc.-
96%
93%
42%
97%
*130%
7%
28%
139%
38%
Co
17
28
*136
Gamewell
16%
95
116
1%
7
8%
■
93%
92
27%
"
6%
143%
8%
8%
15%
16
16
>•; "•
9
143%
143%
8%
8%
7%
47%
8%
2% Jan
20
(Robert).
Gen Amer Investors
106
47%
47%
9
*142
142
*104%
No par
1
cl A
(The)
Inc
preferred...
10
10
9%
106
47%
8%
;•
9%
*104
Co
Gaylord Container Corp..:
t5%% conv preferred
14
*50%
51%
*50%
106
*104
47
1
7% pfd.
51%
14
14
51%
6 %
10%
*9%
9%
13%
47
6%
6%
13%
*104
30
29
29
5%
*9%
;
3%
3%
5%
1
—...
preferred——
conv
3%
28%
..
Freeport Sulphur Co
29%
108
*13%
28%
5
10
Corp
F'k'n Simon & Co Inc
75
36%
3%
.5%:.
Jun
—
prior preferred
13%
3%
9
1
Corp
Francisco Sugar Co..
*13%
3%
Oct
U Jan
preferred
Machinery
•:>3%
3%
36
$7 conv preferred
11%
*64
,70
♦36%
■
20
11%
Sep
Dec
2
105% Apr
Co
Steel
conv
6%
19 Vb
4%
Foster-Wheeler
132%
19%
♦64
Stove
Dec
7%
2
Jun
.
28%
39% Jun 16
Food Fair Stores Inc.
13% -v
17%
1
22% Jun
70
Apr
28
110
A
t$4,50 preferred—.
t5 %
48
*
series
Florsheim Shoe class A
*129%
Jan
V
May
41% Jun 28
(The)
Co
Follansbee
8%
*12%
lVa
4Vb
20
*50% Jun
National Stores
Florence
48%
*47 Va
5
3% July
Corp
preferred
6%
105%
35%
26
13%
8
29% Mar 30
19% Jun
*37%
109%
*34%
46
•
9% Jun
14% Jun
•
Firestone Tire & Rubber
103%
8%
2
4
13
.ian
Fidel Phen Fire Ins N Y—
41%
41
110
Enamel
49%
41%
50
x403A
40%
*37%
21%
Dec
,
49%
*17%
*109%
35%
70
Mar 26
Dept Stores—
Ferro
18
50
105
77
:
18
18
37%
18
t4%%; conv preferred
94
40%
47%
48
*12%
46*
26
8%
Federated
18%
50%
41
110
Jan
Federal Motor Truck
24%
*92%
18%
Oct
44
% Jan 19
Federal-Mogul Corp
5%
24%
51%
10
Jun
Traction..
*15%
18%
Jan
& Co
*26%
41
3%
32 %
Corp—
Federal
5%
Oct
4
52% May 19
24
&
10%
9
5% Jan
Co
$6 preferred
Min & Smelt Co
101%
101%
Products
Highest
$ per share
Jun
Fajardo Sug Co of Pr Rico.
26%
*50%
47/a
4
12
3 % Jan
Cleaner.
Vacuum
16% May
16'% May
9
share
68 '/a Jan
3%
'
Year 1942
$ per
share
per
Jan
8
Pitts RR Co—
Erie &
$
Lowest
39% Jan
lnt
pref series A
5%
1,800
benef
of
Ctfs
20,300
25%
8%
12%
26
3%
.39
18%
Range Since January 1
Lowest
Highest
EXCHANGE
the Week
July 2
$ per share
S per share
share
Sales
Friday
Thursday
Wednesday
June 2!)
June 28
i,
AND
Tuesday
Monday
Saturday
Jan
1% Nov
^\WJJAK.utt-ua^iWrt-wu
y
THE COMMERCIAL & FINANCIAL CHRONICLE
58
NEW YORK STOCK
Monday, July 5, 1943
RECORD
"
AND
LOW
STOCKS
Wednesday
June 29
June 28
June 26
PRICES
SALE
Tuesday
Monday
Saturday
HIGH
June 30
Sales
Friday
Thursday
NEW YORK
the Week
July 2
July 1
for
v.-:i-v-
STOCK
/■
Lowest
.
$ per
1774
774
9
9
;
r-v 274
-z
165
62
112
*110%
*110%
*19
21
*13%
16
57
110
Apr
2
Jan
5
167
Mar
9
141%
12% Jan
8
17 % Jun
11
10 %
87
Jun
Apr
Jun
2
23
51
135
125
Feb
1674
17
1674
17'A
1,700
64
1,200,
85
85
84
85
*135
85%
136
*110%
16%
136
*135
112%
*110
65
20
*19
20
*19
21'A
*20%
21%
*20%
21 %
39%
39'A
3974
39%
40%
40%
40%
*
„
700
Hollander & Sons
36%
36%
*4374
4374
43%
43%
43%
45
15%
1574
1574
15%
15%
15%
15%
55
55
56
110
110
109'A
774
7%
3574
110
8
*35%
36
8
3574
5,660
36%
*55%
7%
36
*56
110'%
65
No
par
100
Jan
5
111
110
•
v
8
8%
t5%
10,300
*36
36%
,1,400
174
79
6
21% May 10
22% Mar 31
11
40% July
2
14% May 27
158
14%
274
274
274
274
2%
*2%
874
2%
2%
*2 %
2%
8%
2%
874
874
*8%
.9%
*8%
•9%
25%
26
25%
26
2%
*9%
9%
974
974
25 %
25%
25%
25%
9%
974
974
9%
9%
9%
9%
9%
9%
9%
2
2
2
2
1%
2
1%
2
1%
9%
26
26
26
;
26
'
75%
5%
Dec
102%
Jan
15
17
Apr
115% Jun
8
31
Jan
5
41 % Apr
8
21%
Oct
38%
36'% Jan
12
45
2
27
Jan
39%
Oct
9% Jan
5
16% Jun
4
8%
Jan
11%
Nov
44
2
57% Jun
24
30%
Apr
44%
Dec
100
105
6
6
July
Jan
12%
Dec
110
9
Dec
115
Jan
Mar 10
3% Jan
2
110% July
8% Jun
2
5
30% Jan
4
41% Apr
5
96
1
1%
4,300
14%
6,400
14%
14%
28%
*28
28 %
28%
28%
*28%
29
28 %
28%
43%
43
43%
43
43%.'
43%
43%
44
44
560
*10%
11
10%
10%
*10%
11
10%
10%
11
11
10%
10%
240
16%
xl6%
14%
14%
14%
14%
14%
14%
7
2% Jun
♦
106
May
2%
10% Jun
17
7
29% Mar 30 '
4'% Jan
2
_i
Min & Sm Ltd
Jan
2
10 % Jun
4
2% May 10
Illinois. Central RR Co
<
Jan
7
18% May
18% Jan
2
31% May
37
Jan
7
48
May
•
-
400
6%
;
preferred series A
Leased
4
Jan
9
13
May
RR See
ctfs series
16%
16%
16%
16%
16'%
2,700
43%
43'%
44
44%
43%
44%
44
44
42%
43%
43
43%
2,400
93%
93%
93%
93%
94
94
,96
93%
95%
94%
94 %
2,700
17
May
172
16%
16%
16%
16%
16%
*165
172
*165
172
*165
172
■
70%
71
70%
71%
71
13%
13%
13%
13%
13%
33
8
114
171% 171%
172
2%
2%
2%
.16%
16%
16'%
63 %
63 %
*62%.
5%
5%
5%
5%
33 %
*135%
32%
*135%
12%
58
58%
.
_1
6% Jan
27
'
9
9'/a
170
74
171%
Internat
64
65
65%
66
67
67
5%
5%
5%
44 "
116
*107
35%
*41%
5%
33
32%
33%
18,500
138
*135%
138 >
12 %
12%
13,900
57%
4,000
10%
5,900
*
12%
11%
12%
57%
56%
57%,
10%'
10%
'
5%
'63
9%
64%
42
35%
35%
35%
44
*41%
116
*106
*106
f
'
64%
■<"65
Mining Corp
5%
„
*
42%
600
International
35%
700
w
*41 %
*108
118
7%
15
15%
14%
15
14%
15%
14%
15
14%
14%.
15%
15%
15%
14%
15
14%
15
14%
14%
14%
14%
4,400
V
16%
2,000
Interstate
15%
*107
16%
16%
.29%
15%
150
*143
150
*143
15%
15%
31 >A
3174
*1C4
106%
*105%
86
86'%
30%
,24%
29%
15%
31%
3174
*105%
10674
85%
*130
86
I
2474
25%
16%
111
16%
*107
16%
*107
110
200
Intertype Corp
29%
29%
*29'/2
30%
29%
29%
600
Island Creek Coal-
-<♦1474
3074
*142%
15%
1574
31
31
106
106
*106
8574
85
25%
132
8574
*130
25%
25%
61%
61%
62
61%
6174'
*61%
62
62%
77
77%
77%
77%
78
*77
7874
78
12%
12%
12%
1274
1274
■1274
16%
16%
16%
1674
1674
16%
145
*142%
15%
145
15%
31%
I
$6
1534
1,800
Jarvis (W B)
3074
85%
31
2,800
*106%
108
108
".100
/
4,100
Johns
86
132
*130
25%
80%
132
2574
62%
^
26
*62
60
62%
:
79
79
8%
45%
3%
37'%
15
100
400
Jan
2
Jan
May
40
Jan
Apr
Apr
Jan
7%
Dec
5
Dec
4%
3074
136
Now
Oct
Dec
1574
43% Mar
3
Dec
57
jan
6074' Jan
7
11
1%
Oct
3%
Nov
2
30%
Oct
4674
Jan
5
39
Mar
48%
Feb
24
26
32
Feb
26
May
May
May
104'/8
Oct
1%
Jan
7'/a
Nov
2
Jan
7%
Nov
Nov
65
•
'44
July
Apr
35% Jun
102% Jan 15
?
1%
24%
Jan
12 %
Apr
126%
July
74
48% May 19
108% Jun 21
4
Jan
11% Jun
7
36
*
Jan
28
'
par
11
38
2
Jan
Dec
166
% July
3% May
Mar 15
60% May
4
Jan
July
13% Jun
2
Jan
94
16% May 10
1674 May 10
39%
Oct
7
29
6%
Jun
10%
100
90% Jan
14
110
Jun
19
88%
Apr
95
18
Jun
2
7%
Apr
11
Dec
32% Apr
145'% Jun
3
24%
Apr
Apr
3274
Jan
'
7
7
1
27% Jan
5
_1
1
.
135
26
•
Jan
9% Jan
1
Co
100
preferred—
.
.
Feb
5
16% Jun
70
16
12
19
96 '/a Mar 30
Jun
10
127
12
574
33% May :.'5
Jun
8974 Jun
2
85
Jan
73%
No par
19% Jan
7
100
54% Jan
100
64% Jan
1
8'A Jan
4
1274 Jun
25-'
xl2% Jan
19
17% July
2
5
Feb
Feb
2
117
Mar
Jan
2
125% May 24
10% Apr
8
Jan
13
2974 Apr
6
Jan
6
12% Jun
25
5%
12%
12%
12%
12
12
1,600
1674
1674
1674
17%
17%
1774
2,600
Kalamazoo Stove
5%
.
-JL
133 74 Mar
Jan
50% May
27
'
Nov
33%
10774
Jan
126
100
17
Nov
1074
May
21
-
Jan
138
1874 May
30
106'
Jan
Manville
Jones & Laughlin Steel
1,600
147 '
Jan
61.
6% Jan
6% Jan
9% Jan
—
12'A'
•
24
8
Apr
136
12
4
/v Preferred
19,000
40
6% May 11
36% Apr
5
5
9
Apr
10% Jan
pref series A
pref series B conv
Joy Mfg Cd
,7874
3% Jan
28% Jan
130
Jewel Tea Co Inc
4%%
28
173% Jun
9
—.No par
preferred
Jan
74% Jun
67
*
1
16%
1074
151%
No par
Dept Stores
*16%
150
2
8
No par
Preferred
16%
76%
*61 %
16%
110
Feb
5% May
109% Mar
6
55 % Jan
No par
Foreign share ctfs
*16%
Jan
4'/8 May 10
100
-
23%
111%
19 V Mar 25
No par
50
Telep & Teleg
116%
*130 I;
132
25%
25
V:
No
Silver
*16%
*143
150
15
15%
132
*130
25
*143
16%
*107
16%
29%,
32
10674
16%
111
16%
86%
86
131%
130
16
*107
16%
29'/a
*29
29%
16
111
15%
15%
111
*16
Intern'l
58,100
July
Feb
Oct
100% Aug
5% Apr
Mar 29
5
100
preferred—
15%
18%
674
2
5
No par
Salt
International
15%
*107
_
International Shoe
15%
■
•
i
of Cent Am
preferred^—1_
'*35%
;
Apr
% Jan
^1
Co
Paper
preferred
conv
5%
Jan
5'/a
11% Jan
100
Inter Rys
280
162
1
Mar 29-
9% Apr
172
56% Jan 20
No par
tPreferred
International
2
July
Apr
8% May
100
42%
44
115
Internat'l
9
2
20
July
8.
31,
5
Chem
&
Int Nickel of Canada—^
90
Jan
Jan
par
preferred
'
42
*35
10
64%
41%
57
:
7
100
Min
36
115
21
6
par
par
No
Harvester
Jan
144% Jan
par
No
Hydro-Elec Sys class A———25
4%
7.900
32%
*135%
*42'/a
116
♦107
5%
33
138
44
*40
5%
32%
*135%
136
No
106
Mar
8% July
21% Jan 28
par
No
Machines
tPreferred
Int
35%
*41%
;
6,700
41
441%
280
7,600
1,000
41
*41%
172%
Internat'l
2%
63
35%
5,200
.
100
Rubber
Business
18%
10
'■V *35%
Intercont'l
Int
2%
56%
35%
171%
73%
No
Interlake Iron
900
17%
63%
35%
73
172
17,300
2%
10'/a
41
73%
1,300
9%
172
18%
57%
v>-
8%
9%
172
Corp
preferred
2%
9%
41
*7%
9%
6%
17%
63%
41%
8%
170
Interchemical
j
2%
57%
'
171%
110
17%
58 %
*39 %
72%
2,000
2%
57%
10'/a
9%
>■
16%
12%
64
8
170
36
2%
11%
64
116
8%
*8%
12'%
64
*106
Insuranshares Ctfs
12
9%
10'A
10 ■"
*62%
Jan
400
12'/a
12'%
Feb
12%
8%
*169
32%
136
Dec
74%
*8%
64
5%
135%
163%
54
8%
16%
32%
33'/a
135 %
33
153
15% Apr
171%
*62%
9
74
171%
:
166% Feb
5
73%
'•
17
6
73%
16
64
'
9%
2%
2%
16%
Feb
Jan
;■ 114%
Sep
Oct
Oct
Jan
Jan
35%
4%
Dec
62
*112
10%
NovMar'
1674
10
35'%
Jan
42
35
20
113
9%
23%
Jan
100
par
35
May
2%
4
v
Jan
13
32%
Apr
Inland
113
5%
6
5
May
Inspiration Cons Copper
35
Apr
74
1,800
Inc
ft Jan
21
4,900
8%
Nov
174
7
13%
9
5%
28
72
No
Jan
158% Apr
100^
„
Dec
3'/a
44% Jun
13%
Co_^
23 74
100% Apr
71%
Steel
5'/b
Apr
6
13%
*8%
169
*171%
preferred
AUg:
Aug
Jan
19
71%
'
l'/4
Jan
Jan
13
114
73
74%
74
74 %
74%
6%
88
71%
34%
.'8
172
2
3274 Feb
par
13%
113%
8%
168%
:
*165
11% Jan
par
72
34
8
8 %
169
172
No par
No
No
12%
114
33%
9%
168%
.
8'%
*112
114
8%
8
%
9% V 9'A
168%
163
*170%
33%
33
114
*31%
*112
8
8
8
*7%
8
*165
Indianapolis P & L Co_—
Rayon
71%
71%
13%
j,,.
1000
Ingersoll-Rand
*165
A__
Industrial
93%
•-
2.—100;
2
Oct
343/4- Feb
16%
6
8
100
4%
lines
%
.
10'
100
"
;
Feb
Sep
474
Apr
29% May
18
8
tHupp Motor Car Corp
28%
14%
%> Jan
4% Jan
22% Jan
No par
Hudson Motor Car
43
%
100
3.400
43%
14%
100
No par
j,
preferred—
Feb
'
25
t c
v
9%
28
14%
Jan
2
22
No par
Hud Bay
*27%
Dec
Jan
Jun
No par
No par-'
_
5,200
*42%
Nov
183/a
Jan
Nov
,7%
Mar
Dec
17
293/4
12% Mar
Jan
12.50 V
Manhattan
&
Oct
48%
7
preferred
Hudson
Dec
134
13
Howe Sound Co
800
Nov
115
;
Houston Oil of Texas
1,200
Oct
Feb
14%
_
:
Dec
58%
Mar
18
Jan
94%
''
-
30 % Mar
1
291
Jun
Apr
May
21
5
100,
Household Finance
600
8%
79 %
16% Jan
,
No par
Class B__
700
36%
(A)
Houdaille-Hershey cl A
1,900
14% Jan
July
8% Nov
Jun
45
28% Jan
1
preferred
Homestake Mining—;
>500
57
110
57%
9
Holly Sugar Corp
7%
4
Jan
10
400
5
49
(Del)
14%
Jan
/'May
par
10
Furnace
16
36%
•
No par>\73
100
130
No
Holland
*115
36 %
152
par
Hinde & Dauch Paper Co—«.
Hires Co (C E) The
100
1,000
16
V
No
preferred
conv
14%
14
16
43%
xl09
.
*15%
*115
'
3674
36
x55
8
35%
*115
-
14
16
*1574
16
v"
14
*1374
14
16
'
preferred
cum
$4
20
■
Motors
Hershey Chocolate
400
*19 /
*20%
110
V
35%
900
111
111
111
100
Hercules Powder
6%
64%
64%
21%
*1374
Hercules
136
64%
W)
%
Dec
May
88
5% May
Jan
Jan
474
/
Apr
*135
,
*
.
Apr
(G
Preferred
,
20
5674
5674
774
71
111
157/a
110
6
♦19
15%
8%
56% Jan
63%
*42%
35%
25':
85
85
1574
110
20
Helme
63
43%
7%
93% Jan
200
104%
*20%
14
•
35%
25
3% May 10
107% July
2
16',4
16%
137%
43
57
10% May 28
165
3574
15%
15%
9
2
*157
3674
43
*42'/2
Jan
l%Jan
tHazel-Atlas Glass Co
107
165
♦115
36
I
^2
490
106
*157
16
*1574
36%
In0r_-
Hayes Mfg Corp——
107'A
105
*39
*115
35%
Hayes Industries'
Jan
1674
146
Jan
3,100
39%
14
14%
*15%
*115
80
2,400
21'A
*39%
39%
39%
3% Mar
15
274
165
20
211/4
7
Jun
9'A
*157
110%
102
104
Apr
274
165
112
Jan
Apr
xl26
9%
68
85
5
2
4% Jan
86
12%
5
144% May 14
7'/a May 29
3
274
*67
63
_1
100
18% Mar
6
Feb
Highest
$ per share
Apr
9%
68
*135
*19
20
*20 %
90
135
98
274
68
62%
62%
100
1942
$ per share
107% May 15
6
13% Jan
par
$ per share
9
68
85'A
*135
137'/a
62
No
99% Jan
Year
Highest
;
share
274
104%
105%
16%
Refrac
preferred
Hat Corp of Amer class A
6 % % preferred—
800
-
No par
per
9%
*67
137%
85'A
87
*86
*135
6 %
7%
Co $5 pfd
Harbison-Walk
6,500
102
*100%
68
16 3A
*16%
16%
16%
*6 %
'
7%
102
*157
165
*157
v
(M A)
$
9
,
2 3A
10474
*7
*100%
Hanna
145%
*140
145%
Par
-r
160
18%
V':;. 1774
1774
17%
*140
107
107
107
Shares
share
*67
>v
69
*67%
69
*157
10474
*104
10474
10474
274
102
$ per
$ per share
Lowest
234
9
274
274
1774
7%
*100%
T.
*106%
145%
7
7%
102
*100%
9'A
>:■■■ 9 .:■/
274
*67
102
1774
*140
145%
7%
7%
7'A
*100%
107
*106%
17
*140
145%
'101%
107
17
1774
*140
*7
101%
107
107
1774
145%
1774
*140
$ per share
$ per share
share
per
*10674
107
*10674
;
S
share
Range for Previous
Range Since January 1
EXCHANGE
-
122
Jan
129
Jan
Dec
;
Nov
2474
5
17% May
5374 Dec
64
Jan
6
61
79%
Jan
11
Jan
1374
Dec
26% Apr
6
7
65
Apr
8
82
Apr
May
7% Aug
Jan
K
"
132
*125
132
*125
*125
*125
132
v
132
*
*125
874
25%
12%
f
12 %
*99%
101%
*23%
15%
874
8%
2574
25'A
25'A
2574
2574
26
1274
*12
*99'A
15%
1574
1574
1274
'
*99% 101%
101'%
*15%
15'%
110
23'/a
23'A
*12
127-4
*107
110
*107
874
*12
15%
*15
8%
2574
25'/a
83A
*107
23'A
15%
110
*23%
*99%
15%
16
101'%
15%
110
♦107
23%
1574
16
*12
23%
16
8%
*99%
*1474
♦107
23%
16
23%
16
132
125
8%
125
101%
*99'A
15%
*107
23%
Kaufmann
5%
15%
V
400
32
31%
3174
*1874
1874
1874
19
*31
31%
3174
3174
3174
374
19
'•
v.
109
-
109
108%
23%
16
31%
3174
31%
*19%
19%
19%
19%
3174
3174
31%
31%
31%
4%
*3%
4'A: v 474
*4
45%
*44'A
45%
*44%
45%
46
46
*223/4
2274
2274
22%
2274
2274
22%
2274
774
774
7%
7%
8
*7%
*7%
108%
32
19'A
*44%
V
108%
,3174
*31%
4 'A <"
*4
4
31%
109
1,200
16%
3,600
...
8
V.
108%
3174
;
V
130
.
U
32
Class
'
.V-'",
•
Vl"
•'
pt pfd A——JVo par
24%
3,900
Kress
2,400
Kroger Grocery & Bak
46
22%
8%
<
46
*22%
2974
29'A
2974
29%
29 '/♦
29%
2974
2974
30%
30%
30%
30
2974
30
30
30
30
30
30
30%
30%
30'A
14%
1474
14%
15
14%
15
15%
1574
15%
70
70%
70
70%
69
71
70
15%
70%
70%
71
70
70
27%
28
28
28%
*28
28%
28
28%
*27%
28%
28
19%
28%
*19
19%
19%
19%
*19%
19%
19%
:
19%
i
60
(S H)
192
No par
1,600
46%
2274
?
"
No par
9%
*45%
'
28%
15%
25
174
34%
18%
2%
23'%
No par
1,500
400
30
.
'•
23
500
4'/4
29%
-
-.'I
Keystone Steel 81 W Co
No par"
Kimberly-Clark
No
par
Kinney (G R) Co
1
1
$5 prior preferred
No par
Kresge (S S) Co—,
10
Kresge Dept Stores———:.
.1
3174
*4
9
100
5
1
B-
Kennecott Copper.
1,100
*31
4
8
:i
& Co
Kendall Co' $6
28,700
19%
..*19%
7%
83
:••/ 11%
103%
15%
8%
1
preferred_100
Kelsey Hayes Wh'l conv cl A
1
.
109
20
Keith-Albee^Orpheum
*
109%
*109
10974
*109
100
preferred
(J)
,*
122%
5'/4
jNo par
No par
Dept Stores
conv
Kayser
110
23%
16
200
2,900
101%
*14%
110
800
1274
*12
10'
City P & L pf ser B
Kansas City Southern
4% preferred—;
8 34
26
1274
Furn
St
Kan
26
*874
26
20
& Co—
>•
101
Jan
Jan
10
Feb
108
Jun
Jun
Mar
23/4
Oct
May
2974
Nov
6
Apr
11%
Feb
100%
Jan
813/4
5,
Dec
*
V,7;
5
Jan
11%
Sep
93% July
10% Apr
11
16% May 11
Jan
Oct
7%
16
24% May 11
Jan
124
Jan
103%
Dec
14%
Dec
,43/* Jan
•
9
Dec
105'A
Jan
'
113
100'
May
Jan
29
Jan
7
3574 Apr
8
Jan
2
19% Jun
29
Jan
7
3174 Jun
24
24%
Jun
Jan
13
May 10
13/4
Jan
Jan
12
46% May
5
30%
Jan
2
23 74 May
4
17
Jan
11
3
1
19% May
27
Jan
6
22'/a
Apr
29%
Jan
5
Apr
Jan
4
10% Apr
30% July
Feb
26
32% May
24
263/a
j
Jun
.11% Apr
2%
37'%- Jan
>
15%
Dec
29
Jan
274
Feb
Sep
40%
Feb
Mar
22 74
Jan
Jun
3%
Jan
L
*19%
38
25
*114
774
1%
18
2974
1974
38
25%
115
7%
2
18%
30
♦18%
38%
25%
♦114
38%
2574
26
115
7%
7%
2
1%
29%
38%
26
7%
7%
17%
3874.
115
115
1%
174
18%
30
*17%
18
38%
25%
115
7%
2
38%
26%
115
-1
18
38%
2674
115'
*15
39
*38%
2774
2774
115
7%
7'A
7%
2
2
116
2
18%
1774
18%
30
3074
21
153/4
420
2.600
V
200
;
41
874
130
7%
7%
5,400
1%
2,400
173/4
17%
2,100
2974
30%
.14,100
For
29%
30
22%
22%
22%
22%
22%
2174
2174
2174
34%
34%
34%
35%
35%
x35 %
35%
35
35%
41%
42
41%
42
41
4 1 74
41%
41%
41%
4174
3,800
874
8%
8%8%
8%
874
8%
874
44,700
footnotes
see
page
63.
8%
74
4
1674 May 21
7%
Apr
13
35
Jan
17% Jan
11% Jan
4
7
7
723/4 May 21
21%
Apr
41%
Sep
293/4 Jun
7
11%
Jan
18
Dec
19% Jun
18
11%
Dec
15
26% Jan
27
Bryant
Lee
22%
8%
9% Jan
100
Lehigh
34%
8%
100
,4
Lane
1,000
2274
30%
St
-No par
3,900
3474
29%
Co
preferred
(The)
2734
41%
22%
*34
5%
Lambert Co
39
118
1%
V
.
Louis
-No par
Laclede Gas Lt
510
"
1,700
-
800
RubbeT
4%
& Tire
Portland Cement
conv preferred
i
tLehigh Valley RR
Lehigh Valley Coal
6%
conv
Lehman
preferred
Corp
(The)
.»
i
a
-
-25
100
50
No par
50
—1
-5
Lehn & Fink Prod Corp
Lerner Stores Corp—
No par
Libbey Owens Ford GI
Libby McNeill & Libby——
No par
7
20
Jan
4
107% Jan 27
2% Jan
2
igJan
2
11% Jan
6
Jan 12
14% Jan
6
2374 Jan
8
31
Jan 12
5
Jan
2
24
39
July
15%
Apr
18% May
1
273/4 July
83/a Mar
1
118
July
2
8% May 19
1
2% Jun
203/4 Jun
5
104
V
Aug
274
Jun
H Dec
8%
Jan
May
28
Dec
23'/a
Jan
113
Jan
4
Jan
174
Jan
15% Aug
6
1774
Apr
25
Dec
2274 Jun
26'
1174
Apr
14 74
Aug'
36% Jun
7
18
26 74
Dec
Jun
28
Apr
Jan
874 Jun
17
Mar
574
30% Apr
42
20%
4
33 74. Dec
Jan
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4191
.Volume 158
NEW YORK STOCK RECORD
AND HIGH
LOW
June 28
June 26
$
71
37
37
100
68%
68%
68 Va
68%
68%
68 Va
68 Va
800
Liggett & Myers Tobacco
71%
71%
71
71%
71%
72%'
71%
72%
2,500
*178%
179%
179%
*178%
178
178
40 Va
40%
40
40
40%
40%
40 Va
18%
18%
18%
18%
,
20 Va
:
39%
18
42
*18 'A
18%
18'/a
18 %
*18
'21%
21%
21
21
*20%
20%
20 Va
20%
20%
20%
20%
21
61
61 Va
61%
62
50%
50%
50% '
3,000
9,600
21%
59 %
60 %
60%
61
60 Va
60
50
50 J/4
50%
50%
49%
50%
10
10
26%
26%
10%
71%
10
10%
11
10 Va
10 Va
26%
26%
26%
25%
26'A
26%
26 lA
21
21'A
20%
21%
21
21
'
160
160
;
160
*159%
21
74
74 Va
x26%
26%
-
.
161
*21
21 Va
73%
5.200
Lorillard
74
74"
(P)
74%
Apr
3
179Va Feb
18
164%
Apr
4
7
22 Va Jun
25% May
32%
Feb
■V;; 37 Va
Nov
May 27
197A Apr
21% Jun
25% Mar
62'/a Jun
51
Jun
16'A
Dec
14% May
37
Jan
31% Jun
24 Va
Jan
46%
Dec
27a Mar
7 Va
Dec
Mar
19 Va
Nov
11% Apr
16%
Nov
5
15
6
8
29
Jun 17
28
Jan
2
18% Jun 14
'• 10.
Jan
4
18
Jun 22
320
Mar 15
3% Jan 2
6% Jan
2
135
128
*123%
*127
130
26%
*25%
133
*127
13%
*13%
l9Va
197/a
13%
13%
13%
19
19%
19%
19%
19%
19%
19%
19%
7%
*2%
2%
•23/e
*9%
2.%
2%
2%
6
•
-
'
6 %';
5%
*280
.
•
.
-
10%
*9%
19%
*18%
*-2Va
7%
2%
5%
5%
57/a
5%
16%
17%
16%
17%
16%
17%
15%
15%
15%
15%
15%
15%
15%
20%
21
21 Va'
20%
30
23%
31
16%
23%
23%
53%
*30
%
16%
*16
16%
16%
112%
*107
*107
112%
27%
*14%
45%
45
45
24%
25%
24%
113
113
174
11%
11
11
11%
113%
•111
113
*81%
*72
72%
*72
72%
33 Va
72 %
72%
33%
*72
33%
33%
*81
32%
32%
300
30
'16%
16% '
McGraw-Hill Pub Co
1,200
114
t5% %
8%
38%
conv
Mead
1,300
■V
82
82
72%
72%
72%
*72%
33 Va
33%
33%
33%
33%
Melville Shoe
!
13,800
10'A
10%
10%
10 %
10%
10%
11%
11%
11%
11%
37
38
38
38%
38%
38%
39%
40
40 %
40
41'A
1,140
27
27
26%
26'/a
*26'A
26 Va
26%
26%
1,000
•
Merch
&
33 %
32 '/a
32%
32%
32 Va
500
1
Mesta
Machine Co
7%
*7%
27
*26%
33 %
33%
*32%
33 %
33
*32
23%
23%
24%
24 %
24%
24%
24%
24 Va
24%
24%
31%
31%
31%
31%
31%
31
31
31%
31 Va
*30%
8
8'%
8
•
121
120 %
*71%
72 Va
109
*118%
121
109
%
8
,
1%
•
!.!>
93
*90
%
72%
■
*120%
72%
72 Va
*108
*113 Va
7%
8
7%
*90
93
*90
Mid-Continent
Midland Steel
8%
.
7%
*91Va
*91
4,400
pfd series B
conv
4% %
'•
preferred series C
S6.50
Corp.i-.
19%
19%
19%
J.9%
19%
19%
1,600.'
Mission
2%
2%
2%
2%
2 Va
2%
2%
*i*%
2%:
3,200
Mo-Kan-Texas RR
9'A
9%
b %
9'%
9
9 Va
9
9%
9
9%
7,900
26%
%
19%
2%
26%
26%
26%
27%
*27
27 7A
19%
26%
92 Va
92
27
27%
•'•••••~
92%
91%
92%
16 %
*115%
116%
*116
116 %
116%
*116
*119
i
123
*119
123
119%
119%
*119
123
*111 Vt
113
*111%
113 A:
113
113
113
113
47%
48
46%
47%
"46%
47%
91 %
*116
*33%
35%
*33%
35'%
*33%
23%
22%
23%
23%
16%
16'A
16%
16'A
17%
17%
17 Va
17'A
-"17%
29
28%
23%
A *76 %
23%
28'A
6%
6%
6%
77
78
28%
29
1
1,800'
Mueller
-
*76«-
6
!
6,200'
77
V-
70
70
70
70%
70 Va
*71-
73-
23
69%
11%
*41
43
1%
9%
10
9%
i
*42
1
43
-
10%
•V
*41%
:
13,300
43
*lVa
36%
36%
37
37
37
17
16%
16% '
163/4
163A,
10 Va
10 Va
103/4,.
9%
9%
9%
1%
•
70
tNash
2,400'
National
10,9001
•
11%
11%
11%
12
12 %
12%
12%
13
13
13 Va
13%
21%
21%
2l'/2
21%
21%
21%
21%
13 Va
22
11%
11%
11%
*169
170
21
21%
9 Va
9%
9%
9%
26 Va
26 %
.26%
*170
170
*20%
26 %
113/4
•
4,100*
National
22'A
9,800
National
6%
*20-%
9%
9%
26%
*26%
26%
*170
175
*170
21 %
9
9%
9
x26%
175
*20%
21%
26%
*203/4
21%
9%
9%
'•
27
■
27 %
100
173
14
14
13%
14
13%
137/a
133/8
13%
13%
1.3%:
2,900'
National Cylinder Gas Co
20'A
iy%
20
19%
20
20
20'A
20
20'A''
7,400
Nat' Dairy
13%
13%
13%
13%
13 Va¬
13%
13%-
13%
13%
13%
10%
*10
:
*23%
24%
33%
33%
*23%
'
33%
24
*23%
24
Xl3%
■10%
1,100.
200*
il
10%
10 '/a
33%
33%
34
33%
33%: V"
24%
*23%
24
23%
23%:
HO
10%
33
33%
*23%
*10
*10
10%
10%
10 %
10%
10
10 Va
10
10 Va
10
10 Va
lfF
10%
84
84
84%
84%
85%
85%
85%
85%
84%
843/4
.84%;
100:
84%'
17%
17%
17%
18%
*172%
174 Va
174%
175%
*146%
149
149
150
.
20%
20%
32%
32%
17%
17%
r
174
151
*148%
174
149%
149 Va
149%
1493/4
*148%
20%
20%
20%
20%
20
*20
20%
33
*32%
175
*174
175
17%
160'
290
32%
33%
33%
33%
6%
6%
6%
6%
*33
333/8
6%
6%
6%
61%
61%
60%
61%
61 Va
61%
61%
61Va
61
14%
14%
14
14%
13%
14
13%
14%
13%
14V4
13%
14 Va
26%
27
27 %
76%
6
6
8%
8%
13%
13%
.
27'A
27%
26%
79%
77
78%
78%
82
82 Va
82
82
5%
8%
8%
13%
13%
14
13%
*22
23
*21%
94
*90
*52
54%
*52
18%
101
*39%
17%
For
79
.79
82
*81
.
81 Va
79
$2
conv
t5V2%
570
:
25
-10
.—40
_100
—100
Corp
National Supply
790'
;
82
——4
No par
t6%
(The.) Pa
preferred—-
prior preferred
prior
preferred
6 Va
6 Va
6
6Va
2,800
National Tea Co—
83/4
8%
83/4
8%
3,900
Natomas Co
14%
15
14%
13,000
23
*90%
23
23
*23
23%
400
91
91
*89%
93
.
:/
14%
-
No par
Nehl Corp
No par
Neisner Bros Inc
40
4%%
No par
conv
1
1
serial preferred
I
100
'
*111
*18 Va
Nd par
Products Co
National Steel
1,500
14%
23
94
*100%
-
.
7
5
Apr 13
53
15
Jan
Jan
62
112
Jan 25
2
34% Jan 12
5% Jan
1< Jun 18
634 Jan 2
Feb
32
Jan
Dec
6
Oct
22 V»
Jun
29
21
Apr
33%
Oct
24
Dec
30%
Jan
5
Apr
7Ve
Jan
19%
Dec
2
12 Va Mar
16 Va May
54
^
*112
54%
*52
'
•
'
.
*112
"
*52
54 Va
*52
^
—
*52
*•/
54
*112
54%
*112
'
•'"•—-
33%
33%
32%
33
32%
32 Va
33
33%
*33%
*15%
15%
15%
15%
15%
15%
153/a
15%
15%
18 Va
18 Va
*100%
18
18 Va
101
••
*100%
17%
18 Va
*100%
101
18'/a
101
•c.::
18
*100%
■
600
18%
r::/
.
2,300
1,200
101
;
40%
40
40%
18
17%
18%
footnotes see page
18 Ve
*100%
101
V: ■'
15%
No par
100
Newmont Mining Corp
10
Newport Industries.
1
N'port News Ship & Dr Dock—
1
$5 conv preferred
—No par
Newberry Co (J J)
5% preferred series A
34
63.
.40%
40%
40%
40%
40%
41%
403/4
40 3A
800
New
York
Air
17%
18 Va
17%
17%
17%
181/4
17%
18 V4
33,800
New
York
Central
Oct
Apr
113% Feb
21
8% Jun
10
4
92% May 10
20% Mar 30
Oct
Apr
108 JA
Nov
35 Va
110
23'/a
88 V»
Jan
59%
Dec
103 Va
Jan
xl07% May
17A May
57 Va
Oct
Oct
3%
Dec
8%
67
Mar
Apr
14%
Nov
1%
4
i7r
11% Apr
6
1%
Jan
27% July
1
12V4
Feb
3% Mar
108
'
Jun
92% Jun
114
Oct
4% Oct
18
Oct
91
Jan
23'A Jan
15% Jan
5% Jan
Jan
Jan
5% Jan
187A
9%
14%
67A
9V4
Jan
Jan
Jan
Jan
Mar
70% Jan
14
160
137 14%
t
No
Brakes
!
.*
par
No par
Dec
48 Ve Mar
12%
Dec
29% Mar
6%
Jan
11
Oct
7
9Va
Apr
12%
Nov
20% Aug
25%
Jan
3%
Jan
3
2
«
Sep
Jun
25
50
■
Jan
63
26
11%
Jan
17
Dec
30
49
69%
Jan
70% Jun
Apr 21
11V4 Jun 28
116
May
108% Sep
4% Jan
30%
Jun
Va Nov
1 % Feb
11
7
3%
Jan
29
19% Apr
1
May
29%
19%
Oct
5%
Nov
8%
Dec
1
Dec
10% May 20
13 Va May
3
Apr
HVa May 20
5%
Jan
6Va May
39%
Feb
3'/a July
7
Oct
9%
Nov
13% May
4
22 Vt
2
13
May
16%
Oct
Apr 24
21V4 Jun 24
140
May
166 Va
Jan
12 Va
Apr
16%
Dec
3%
Jan
57A
Nov
July
173
10
Jun
28 "A May
7
27
14% May 10
21
May 27
14 Va May 26
10'A May 27
11
Jan
67/a
Sep
12%
Apr
4%
Jan
8% May
20
9%
Oct
Dec
Dec
15% Aug
7% Nov
97A
1
17%
Apr
8
18
11 % Jun
4
Jun
2
Nov
26
25% Jun
14 % Mar
34
87
19%
176
150
22
July
May 27
July 2
Jun 28
May 27
15% May
Jan
Jan
Jan
Jart
Jan
5
9 Vs Jan
7
Jan
4
74% Jan 4
37
Jan 11
106% Mar 31
26% Jan 210% Jan 12
17% Jan 2
95 Vs Jhn 7 •
27% Jan 2
10% Jan 12
Dec
6
15'/a Jun
2
4
113
27
40% Apr
7
4
5
4
4
2
13
16
Feb
Feb
44
2
4
5
2
2
-,
28 Va
5
Jun
7'A Jun
62% Jun
16
Dec
77.
23 % Jun
36
6
34%
7
..
8
14 V4
57
62
2%
Apr
Mar 29
2
5
5% Jan
23'/a
2
4
Jan
2
Jan 13
Jan 6
Jan 13
30% May
2% Jan
52
Jan
Jan
7
.
18% Apr
31
110%
3
Mar
Jun
Apr
4
48% Jun
17
Feb
102 Va
16 Va
3
7
No par
National Power & Lt
7,100
•
91 Va
13%
.
23
*90
16
'
2
100
100
Cast Co
8%
8%
9
8%
23
33%
SV1
72
Jun
4%
27% Jun
8% Feb
8Vs Jan
tto————i--10
6 Va
5%
6
94
15%
&
Dec
20 Va
37 *
8
5
9Vs Jan 7
11 Va Jan 12
217/a Jan
8
2% Jan 2
15% Jan
'
*5%
6
27
78%
78%
82%
*22
*33 Va
27
27
27
,
77
82
"
*90
*111
National Oil
4,200
26 Va
82
Nat Mall
19,900
6%:
61
76%
Lead
55
July
76% May
Jan
JO
i_5
preferred A
t6% preferred B
1,000;
33%
61
82
Stamping
National Gypsum Co
$4.50 conv preferred—*
1,600
20%:
60%
*26%
1
t7%
130'
150
!
preferred
National
16,800
;
176
4
'
32%
6%
6%
6%;
6%
17%
173%
20%
20%
lt%
17%
17%
17%
173
6,700
Products
National Dept Stores6%
4,800
Jan
7% May
25
31% Jan
No pat
1
Register.
20
33%
Mar
317/a Jun
2
33 % Jan 14
Nat Enam &
Corp
14
33%
77
..
121
108'A Jan
x25V4 Jan 14
17 % Jan 15
6
Jan 12
Share
20 Va
10%
4
10
13%
13%
—100
Corp—
20
*10
Oct
9% Apr
25 Va Jun
•
' U; 2® 38;
Co
*
•-
Nov
64%
July, 2
13
1
1
Can Corp
Cash
x5%
108
34 Va Apr
3
No par
National
Nat
6
26
41'A July
32% Mar
Nat Distillers Prod
7,300"
2,100
9%.
27%
Apr
14
Oct
Co
preferred
&
Dec
7% Jan
120
Louis—
Aviation
Bond
Jun
Jun
34
162
17
Nat
Dec
110
Mar
76
100
No par
10
No par
1
No par
No par
—10
7 %
400 V
21%"
5 Va
Dec
15%
Jan
May
117%
No par
5
Corp
Biscuit
9%
101
May
preferred
conv
Nov
39
May
'
172
21
171
11%
13%
22
133/8
21%
2,500
Dec
9 Va
Oct
May
Nat Automotive Fibres Inc
113A
11%
V 24%
Jan
94
Jun
.12
"
11%
6%
66
■
Acme
Jan
112
:
& St
Jan
108 %
27%
28
Feb
Oct
'
110
;
N
Chatt
10
%
r14
29
Mat 10
Co_
Nash-Kelvinator
26,200
6
May 21
11% Jun
7
89
Dec
12
May
99 Va Aug
14
Apr
8
114
101
Mar
-
30
No par
i
5
Nabco Liquidating Co
13%
14
10
Nov
Mar 19
1—50
$7 preferred—
III
1%
13%
'
•
200'
-
133/4
16%
9%
50'
1
lOVa
*1%
21 Va
*21
112
:
Corp—i
Brass
Jun
9
7
25% Jun
22
Apr
:■
1
No par
Munsingwear Inc
No par
Murphy Co (G C)
—No par
t4%% preferred
100
Murray Corp of America
:
10
Myers (F E) St Bro„
No par
'-•
700:
-
1%
11%
*167
73
'14"
37
17
9%
?;
lOVa
10%
—
*110
-113
*110
;
13%
38'A
16%
17 Va
17
17%
43
-
250!
-
1,300
*lVa
1%
14
*37%
11
*41%'
43
13%
113
10%
11
*lVa
38
*37%
112%
113%
43
14%
14
38
113%
10%
43
*1 Va
1%
14 %
•
*71
:• -
1
77
23%
-
4
113%
*11%
4
-
76
4
Nov
119
Mulllns Mfg Co class B—
5%
6V4
78
-
23'A
*112
9%
Motor
*22%
'••••11
17%
Motor Products Corp-
23%
11%
*37%
1,5001
2,300'
23
69%
*1 Va
%;
& Co-
Wheel
Sep
Jan
3%
Jan
6
Jan
46 Va
121
Essex
&
Jan
176
2
■
17'A'
tMdrris
29%
Jan
Jan
No par
NO par
17Va
Mofrell- (J)
Nov
Jan 20
c
16%
100:
Dec
25 Va
118
par
C—/—No par
Montg Ward & Co Inc
10,950!
-
6'/a
"34%
115
10
;
;
17 %V
••"•
28%
;-v6%-
78
$4 preferred series
B
16
23 %
113%
14
•
28%'
-
6%
6%
*75
70
•11,000!
Sep
No
preferred—
23%;
23%
69%
*42
28
.28
6 3 'a
76%
Preferred
series
Jan
No par
Chemical Co
$4.50
341/2'
23%
*22%
113%
11
29
6%
76
1
Monsanto
10
60 £
16%
-16%
17%
1,500.
23'A
24V4
16%
1
34%
34V2
23%
17%
•
100
20
Jan
13%
10
114
% Jan 2
3% Jan 4
17% Jan 12
84
Mar 19
Mohawk
48%'
*33%
-
16%
76
113
48%
25%
1,300 ?■
47%
*••'47%
34 Va
23 %
■
1191/2^
113
">•'■
119%
'
-
;
Oct
12%
26 Ve
1%
16 Va May 19
3
Jan 2
64% Jan 7
13% Jan 13
preferred series A_
Carpet Mills
7%
116%'
*116
116%
>
91
90%
92
92
92%
V
19%
11%
Apr
19% July
162
Apr
31
Apr
2
28% Jun
Jan
Jan
3'/a
4
May
3,%
22% May
19
Aug
7
50% Apr
No par
preferred
19%
19%
113
Jan
Nov
Jun
May
18
Dec
2
2%
Jun
107
Jan. 13
16%
8 Va
2
•
x6%
4%
15
: 7
Jun
May
Jan
17 % May
.
May 27
% 16% Jun
1
No par
:
10
jUinn Moline Power Impl_
94
par
100
No par
100
100
1st preferred
cum
4%
*1131/8
8
No
5
Jan
•/"'
4%
11 Va May
% Mar
Mar 24
10% Apr
Jan
Feb
Jan
27%
2% May
11
32 l/a Jun
9
15
9
2
4
Dec
—
7% May 29
18% Jan
6
20Va Jan
7
106% Jan 4
58
Feb 8
107
Feb 19
109
Apr 14
:10
PetroleumProd
Jan
19
Mar 15
55% July
4
5% Jan
5
Copper
Minn-Honeywell Regu
30V
*108
—
7%
92
40
900'
72V4
72%
113 Va
•"7%
•
121
121
121 Va
72%
*107
109
*113%
*113%
121%
*120
120'%
73
*108
l/2
31%
5
13%
170% Jun
6
26
par
k
:
73
<"1 1Q
Miami
1,200
24%'
•7%
23%
Trans Co—-—No
Min
Nov
7% Jun
Jan
Jan
Jun
9%
31% July 2
27% Mar 26
60
27
4%
25
25%
1
50
(The)
—
1st preferred
Co
conv
5,200
8Va 1
*31%
5%
2,300
77/a
8 V'v
7%
7%
8
Mengel
Jan
Jan
42
*
67% Jan
•— 1
Corp-
Jan
21%
15% Jun
Feb 24
6
Jan
Apr
24
6% Jan 13
101
—No par
10
26%
<
23%
131
17%
18'A Apr
Jan
5
Jan
2
Jan "7
Feb 4
Jan
9
Jan 16
Jam 7
Jan
7
Jan, 13
Jan 11
Jan
7
Jan 27
109 Vs Apr.
100
preferred
37
33 Va
14%
,
-1
Co
12
26%
18
-100
t$6 preferred series A_
No par
t$5.50 pfd ser B w w_No par
150
900
i~
Corp
80
74
Inc
Robbins
Stores
6%
'
82
5
preferred—
McLellan
1,100
-
9%
9%
82
McKesson &
13,100
90
11% '
*111%
9%
-*
25
1127/a
*11%
114
*9%
19'A
Mclntyre Porcupine Mines
82
33%
1
1,900
24%
.1% Jan 27
3 % Jan
2
9
Jan
5
97A Jan 2
18'% Jan
7
2% Jan
5
31% May 1
No par
McGraw Elec Co-
1,000
151/4
44%
Dec
6
10
,-100
-1
27% '
*112
Jan
35%
19% Apr
5
2% May 11
6% Jun ;3
8
2
100
L-10
Corp
*14%
•
Dec
18%
76 Va Jan
Dec
May ' 3
8% Jun
Jan
No par
No pat
No par
.1
*44%
27%
153
26%
.
320
21%
165
37
2%
2l7A
100
12%
11 %
.104
McCrory Stores Corp
5 % conv preferred
112% <
*111
Stores
Jan
14% May 19
24% Mar ' 6
11
par
122
17
Jun
24% Mar
Jan
"
preferred
McCall
1,400
•
Mar
15% Apr
6
May
37
22
—No
Wks
Maytag Co
$3 preferred
$6 1st cum preferred
300
17%
11%
*111%
9%
4,400
25%
11%
114
*9%
9%
82
82
82
82
82
9%
9%
9%
9%
9%
*111%
6%
*17%
113
*112
11%
1%
55% v
32%
27%
25
25%
113
11
11%
114
*111
113%
44'A
ll3
May Department Stores-;
Alkali
15%"*
*14%
25
25%
113
3,200
174
par
par
-1
44 Va
*27'A
15
45
Mathieson
*1061/4
112% V
27 Va
3,500
6 V2
16'A
*111
14%
27 Va
14%
*44
24% "
*30 V2
17%
16%
112%
Corpi
Master Elec Co
800
55
v
—
17%
*44 Va
15
25
lev*
♦in
27%
27%
15
45
17%
No
No
Corp-
Masonite
1,200 1
-
par
-1
"
:
32 Va
*106'A
17%
17%
*17%
17%
No
Co
31% '
6%-
6%
(Glenn L)
Martin-Parry
12,800
..
Ry 6% pr
•;
Marshall Field & Co
Martin
14'A Jan
1
L—5
preferred—100
Corp
40'A
*171
55 "
*30
*106%
*106'A
107
27%
24%
*111
6%
32%
15
45
11%
6%
*30 Va
27%
*14'A
*112%
6%
72
.
174 '
54
Market St
-
par
25
40'A
31 %
24
*171
53%
32 Va
6%
6%
32%
53%
53%
13,200
No
Midland
Marine
1
Co
24
31%
'23%
174
*171
174
*171
•'
7 Va
7
,
3,090
8,400 ;
16%
'
23%
16'A
16%
112%
27%
23%
,17%
17%
21'/a
40 V2 '
*30
Maracaibo Oil Exploration
28,900 '
15%
16
7J/a
Bros
Manhattan Shirt
400
,
21
40'A
30%
53
107
*106'A
*107
30%
6%
* 30
••v
31
*17%
31%
174
52%
6%
6%
31%
24
23%
53
151/8
207/a
7
31%
*171
52
15%
20%
v
40
40
40
39
39%
*30%
23%
16VaV;
*
39
*171
,2%v
18%
-
Mandel
400
$ :6^ti
5%
-
—
Sugar
700
15%
Va'
7
6%
7
6%
7
6%
6%
39%
30
21%
21
20%
6%
39%
17
16%
:
i_10
Copper
Manati
10%
2%
5%
—-No'par
Inc:
Mahoning Coal Co
3,700
19%-
*187/a
2%
"
'7%
*9%
10'A
19%.-
'
•
135
-.100
preferred
Mack Trucks
7.200 *
-
320
7%
>
6%
19 Va
19
*280 V
.
5%
.
•
•
7%
2%
15%
21
>
320
.
*9%
19%
.
-•
7Ya
*18%
10'A
5%
19
■
'7%
8
*18%
10
/ 320
*280
320
*300
8%
8
10
.18%
Magma
13%
28%
*13%
8%
2,700 *
28V4
13%
18%
1,200
28 »A
28%
10
14
Macy (R H) Co InC
:
No par
Madison Sq Garden———No par
28'A
13%
9%
3,500
283/e
28%
18%
28%
28%
13%
320
36'A
W
36%
28%
*300
36
36%
13%
320
•
36%
-
133
,
Va
,
i-10
Forbes
&
,
36%
28%
MacAndrews
100,
*127
,
36%
28%
*300
.
26%
*25%
26%
,133 V-
36%
V
37'A
36'A
35%
35%
133
*125
133
*125
*25%
42
11% Apr
55% Sep
'
M
a
27
i
Oct
11% May
•
>.♦26%
27..
*26%
12%
Jan
26
21% Jun
5
161% Jun 8
21% May 12
75% May 27
6
8
-
9%
Nov
29
11
27% May
20 Va Jan
U00
7
22
11% May 10
4
15% Jan
59% Jan
No par
Dec
23%
44
16% Jan 2
148% Jan 12
.
Jan
177
16% Apr
407A Apr
6% Feb
1—_ul00
A
Louisville & Nashville—--
Jan
1
28% May 27
18Va Jan 13
10
Co
Louisville Gas & El
300
1,300
Apr
12Vb Jan
4
15%'. Jan 6
16% Jan
5
42% Jan
7
37% Jan 11
25
-
preferred———;
7%
70
•
74 Va'
74 Va
Biscuit—4
Loose-Wiles
Jan
50%
4
34% Jan 19
Corp-.-—No par
.Long Bell Lumber A-,*
No par
1,600
21%
*21
21%
;
Jan
73%
4
24
Lon« Star Cement
"
73
72J/a"
160
21%
73%
*21
21%
*20%
21%
161
21
*159
161
161
71%
1Q%
26'A
20%
20%
.
21
10%
26
10 y
.26
20%
Va
10
9,700
20
Mar
50% Apr
33
4 ?'
73% Jun
22% Jan
No par
Liquid Carbonic Corp
No par
Lockheed Aircraft Corp__
1
Loew's Inc
—No par
4,100
50%
2iy4
50
•
387A Jun
70% Jun
174
Lion Oil Refining Co_—
1,000
20%
i—
Link Belt Co
800
1,100
.,
21
61 %
161
'
20%
21%
20%
•
Highest
S per share
per share
2
Jan
No par
-No par
Lima Locomotive Wks
1,700
$
share
per
62% Mar 25'
30
100
No par
—
Lily Tulip Cup Corp—
300
20%
60%
21
•
'
21%
49%
*159
179
21
20%
21%
'
tPreferred
30
40%
18%
;
$
1942
Lowest
63% Jan
25
Series B
•
40
;
40%
40
*39%
41
27%
41
41
40
*26 Va
41
27
41
'
178'A
27%
*26%
27
38%
*37
179%
27
27
41%
38%
18%
*178%
27 %
2 7'A
*37
38%
*37
Year
Highest
$ per share (
5
—25
Life Savers Corp
68%
40
41'A
Par A.
Sharer
$ per share
71%
27%
*39%
lowest
68%
178
:
Range Since January 1
EXCHANGE
38 Vs
68 %
*27
$ per share
Range for Previous
NEW YORK STOCK "
;;
68 %
*37
38%
*68Va
*177
Sales for
tne Week
July!}
■■71%
*36%
71
$ per share
$ per share
$ per share
5 per share
STOCKS
June 30
June 'ii:)
Friday
Thursday
July 1
Wednesday
Tuesday
Monday
Saturday
PRICES
SALE
Jan
4
7
7
28
2
1
2
8
5
28 % Jun
80% Jun
88
Jun
7% May
10% Apr
15
July 1
23
May 29
91% Jun 25
52%
112%
37%
167A
Jun 25
30
8
29
30
May 6
Jan
Apr
May
217A Mar
44/4 May-9
20
May 5
33A
60
Apr
Jan
11% Apr
6%
72
Dec
Mar
16% Jan
145
May
168
Jan
129
Mar
146
Jan
13% Dec
173/4 Mar
29%
Apr
36
1 Va Apr
43% May
54
4
3 Va
Nov
Jan
Oct
May
6%
Jan
Jun
16 3/8
Feb
453/4 May
63
Feb
51
70
Feb
9%
May
2s/a Mar
4
Oct
Oct
9 Va
Feb
53/4 Mar
9%
Dec
4%
11
Jan
17
Dec
70% May
75%
Sep
28
Apr
39%
Dec
104
Mar
110%
Dec
30%
Feb
7%
Apr
11*"
Jan
15%
Dec
2 !>7i»
Jan
93 Va
Dec
109%
Jan
23% May
32%
Feb
12%
Oct
22%
Apr
6%
Jun
Monday, July 5, 1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
60
RECORD
NEW YORK STOCK
Range for Previous
STOCKS
LOW
Monday
Saturday
$
$
$ per
per share
Thursday
Wednesday
$
$ per share
share
share
per
Sales
Friday
S per
per
share
22%
22%
22%
22%
23%'
23%
24%
24
25
23%
23%
61
60%
61
60%
63%
64%
68%
66%
69%
66 %
21%
*21%
22'A
68 y4
22%
21%
10'A
10%
24 '%
27
119
126
48
49
*116%
124
-
290
1%
1 Vb
1%
7,800
3%
3%
2,800
*%
1
*%
1
•%
n
400
21%
22
21%
37
*35%
182
*182
117%
*116%
1
21%
21%
21%
22
21%
37
36%
*35%
367/a
367/a
184%
37
184%
183%
183%
117%
184
117'%
*116%
117%
*116%
183
;•
100
IIWJ
100
Shipbldg Corp part stk..
tAdjust
.
'■»
36,100
15%
15%
15%
16%
15%
16%
55 Vb
55%
55%
55%
*55 '%
56'A
55'%
1,400
6%
55%
55'%
55%
55
55
55
55%
55
55%
56%
55
1,600
6%%
55
11%
11%
11%
11%
11%
8,300
*55
54%
55
11%
11%
'
15%
16 %
15%
16%
*115%
115%
115%
115%
*114%
19%
19%
19%
20 VB
*37%
37%
40%
*39
116
*115'A
115'%
20%
21
20%
21%
8,400
50
38
38
39
*37%
38 y4
38%
*39
*5%
5%
5'%
40%
*39'%
12
11%
11%
*11%
12%
*11%
Norwich Pharmacal Co
12
Apr
6%
Dec
7
27'% July
7
123
Jan
22
4
12%
Apr
1
60'%
Dec
110
Feb
May
109
Feb
Dec
54
Jan
124
Jan
July
80
July 2
53'% Jun 10
6
2
4
4
Jan
Jan
Jan
2 Va Mar
23'A
1
1
% Jan
3
Va
26% May
7
Jan 14
Jun
37
5
19
15'%
8
143
-Mar
118
7
•108
Mar
-
16'% May 10
4
56'A Jun
Jun
8
9'% Jan
2
14'A Apr
8
9'A
6
2
2
100% Jun
25
6
7% Jan
107
Jan
,
18% May
115% Jun
12
18%
18%
18%
18%
19%
19
19%
25,700
18%
187/a
18%
18'%
18%
49
48%
48%
48%
49
49
49
50%
5,200
21'
21% July
Omnibus Corp
Apr
52%
Jan
Apr
53
Jan
Dec
14
Jan
85'%
Apr
96
Jan
Jan
100
45
Apr
7
12'% Mar 25
15
5% Jun
Apr
Apr
8
2
Feb
7
31'%
1
,
8% Nov
110'%
38
Dec
Mar
3% Dec
Jan
■
Sep
17%
Apr
Feb
34
Oct
7%
Sep
10'A
Jan
6%
Apr
12 %
Deo
Jan
30'%
Dec
2% Jan
6'%
Jan
20
Jan
15
8% Jan
6
11'% Jan
13
19% July
2
No par
29'% Jan
6
50% July
2
6
100
Oliver Farm Equip
49
49
48 '%
49
Nov
39
No par
12
Jan
11 Vb
4'%
31
3% Jan
2
2.50
Dec
116% Sep
39
16'/a Jan 19
36
Jan
6
x3'A Jan 14
40
23%
192
6'% Mar
56
Sep
30% Jan
Apr
184% Jun 30
Oct
'% Oct
,
Jun
5
Jun
U
2%
Jan
2
91'A Jan
16% Dec
8*2 Jan
Mar
1% Mar
6
5
50
11%
May
26
1
5
No par
Preferred
12
11%
4 '
7
50
Norwalk Tire & Rubber
40%
12
Jan
9% Jan
No par
Telegraph
400
5'%
*39%
Feb
15%
49'% Jan
48% Jan
_50
—100
No par
Lines
Air
Feb
51
Jan
1
Aviation
tNor States Pow $5 pfd
Northwest
11 Vb
Dec
10'A
10
Northern Pacific Ry
Northwestern
Jun
35
50
preferred series
North American
11'%
1
25
50
preferred series
800
5%
40%
*5%
5%
*5%
5%
40%
♦39
40%
39
37%
38
5%
5%
22,500
20
20%
19%
19%
100
Northern Central Ry Co
16'A
16
*115%
115
115
116
19%
'
*37%
38
*5%
16%
15%
16%
15%
16'%
16
100
*99%
100
*99
102
*99
102
*100
103
*100%
103
♦ioo'%
11%
12
11%
12%
12
preferred
4 %
1
S3
Jan
162'% Jan
113
Jan
5
100
North American Co
15%
15%
15
15'A
15%
56
;•;'
*55'%
1
Noblitt-Sparks Indus Inc
fNorfolk & Western Ry
July
May 22
28'/n
A
1%
A
'20%
100
Y
$ per share
69'A July
63'% Jan
1NYNH & Hartfoid
preferred
IN Y Ontario & Western
Highest
share
26
101
tN Y Lack & West Ry Co
Conv
$ per
5
,Jan 27
16% Jan: 2
50
preferred
non-cum
-7300
117'%
*116'A
10%
$ per share
«% Jan
par
—80
& Harlem RR Oo
N Y
1942
Lowest
14% Jan
11
No par
preferred
5 %
N
990
183
.
No
Dock
York
New
Year
...
•
31'% Jan 27
No par
Omnibus Corp
2,200
21 Va
*35%
21%
$ per share
100
100
Louis Co
preferred series A
6%
NYC
10
50%
50%
51
50%
51%
49%
530
122%
124
3%
36%
*
121%
1%
*35%
is
123
126
3%
36%
*116%
126
1 Va
21%
117
122
*122
120%
120%
-
N Y Chic <fc St.
1,100
3%
21%
*116'A
1,600
*119
49 Va
*13
%
181%
11%
27%
1 VB
%
182
*11
*25%
3%
H
*181
11%
27%
1 VB
3%
%
11%
27%
3%
3%
£■':
11%
27%
1 VB
3%
3%
300
3%
.••■:,•
1%
iy8
t,:
126
49%
V
49
48%
1%
120
119
118%
■■■; 126
*116
*22
22
22
7,400
18,600
-.vU
11'/a
25
■;,<
r;
Par
26%
11
25
22%
22%
M
'■r':!! 11
11%
27
118%
*118%
*116
l'/8
22%
10%
♦25
'
Shares
share
60%
*21%
EXCHANGE
the Week
22 V2
*
Range Since January 1
Highest
Lowest v "
7
STOCK
YORK
NEW
for
~
July 2
July 1
June 30
June 29
June 28
June 26
HIGH
AND
'Tuesday
,
PRICES
SALE
O
*86'%
88%
*86%
88%
*86%
*8%
9'A
*8%
9'A
*8%
*20%
20'%
/
9%
*8%
20%
20%
6%
7
6%
67/a
4,500
*86%
89
88'%
88 %
30
9
9
20%
36'%
59'%
150
150
*148
150
36
*33
36
*33
36
*33
*56
20%
20%
3,700
30
150
*148
preferred A
Oppenhelm Collins
Otis Elevator—
6%
preferred
*55%
•33
36
Outboard Marine
57
*55%
57
tOutlet Co
63
62'%
62%
63
*12
12%
12%
12%
*12'A
*10%
10%
*10%
11%
*42%
4G
*42%
46
*21%
22
63%
63%
63 %
63%
63%
64
12%
62 Vb
12 %
12%
12%
12%
12%
12'%
12
11%
12 %
11'%
11'%
U'%
11%
800
Pacific
49'%
890
1st
& Mfg
Glass
Owens-Illinois
1,000
Pacific Amer Fisheries Inc
59
4
2
90
3'% Jan
2
10% Jun
7
15% Jan
8
21% Jun
2
142
Jan
Mar
Apr
132
xl6%
15
38
Apr
46
Jan
22
58
Apr
54'% Jan
12
64
24
July 2
13
Mar 25
,
79
4
8
Mar
Jan
Vb
Jun
17%
11'% Mar
Mar 19
151
5
Jan
2%
28'% Jan
12.50
Oo__
6,400
17
8'A May 22
Jan
69
No par
No par
100
fc5
—Wo par
;
36
*55%
57
(The)
8%
58
*56
59
200
9
,9
9
20%
150
*148
*33'%
*57'%
;
20%
150
*33'%
63
*88%
88
20%
20%
20'%
*148
150
150
'
7
88
7
7'/a
7
7%
7
7%
*7
Ohio Oil Co
Dec
143'%
Sep
Dec
Apr
Jun
43%
48
Apr
42
27%
57%
Dec
Mar
P
11
.
V
22
22
■
44
5'47%
47
22
23
23
*14
117
17
16%
*14
28%
28%
29
29'A
x28%
28%
42
42
41%
42
*42
42'%
26'%
27
♦26
%
26%
♦14'A
5%
*14'A
15
*14'A
15
•150'%
5'%
5'A
5%
5%
152%
*151%
152
152
4%
4%
4%
37%
38%
38%
4%
4'%
40 Vb
109 %
2'/a
2Va
2
31'/a
31'/a
2 Vb
&•;
31
4%
24%
41'%
■26,300
10'%
100
Pan-Anier
110'A
110'A
110%
110'%
410
3%
3'%
3%
4,400
tPanhandle East P L 5.60% pfd_100
Panhandle Prod & Ref
1
110
3%
*55%
96%
96%
8
77/a
3%
3%
3%
42%
42
17
17
*16%
17
•
108%
*105%
108%
*105%
29%
29%
29%
29%
29%
*23%
24 y8
*23%
24%
*23%
58%
58
*5%
43%
59%
59%
5%
*5%
5%
-
44%
43%
44%
18
60
5%
43%
43
104
28'/a
31'%
2
31%
18
3%
106
106
27%
V
20
18,700
28
2 Vb
3f700
Park Utah Consol Mines
31%
3,300
Parke
is
18
4%
24%
24
56'%
56'%
57
y
5
*4%
4%
58
24%
,
58
1,300
97%
98%
98%
4,100
Penney
8
7'%
7%
7'%
7%
2,900
Penn
3'%
3'A
3%
3'/a
3'A
2,300
Penn-Dixle
44'%
45
*16%
17
17
45
17
29'%
29%
29%
23%
24'%
23%
*23'%
60'%
*60
60
17'A
*16'%
3,900
700
29%
29%-
24'%
24'A
24%
60
60%
60'%
14,500
300,
1,500
*5'%
5%
*5'A
5%
100
43'%
43%
43'A
43%
7,500
15%
*14'%
15%
1,300
*52
54 %
53%
54'%
55
57%
56'%
57%
*54'%
56%
2,100
37
36%
36'%
37%
38'%
38'%
39
37%
37%
1,200
*24%
25%
*24%
25%
*24%
25%
*24'%
25%
*24'A
*24'%
25'%
*8%
8%
8%
9%
9'A
9'A
8'/a
8%
8
8'A
25%
9
8
24%
49
48
*86 y2
88%
88%
24%
24%
24%
24%
24%
88%
88%
88%
89
89
*110%
24'%
25
24%
25'A
48
48'%
48%
48'A
740
88'%
*87
88'%
88%
88%
210
24
24%
24
24'%
5,900
112
114
*114
114%
*11
11%
*90
95
48
49%
48%
y
5%
*5%
5'A
87
24%
24%
24%
6
; ••
43
8%
8'/a
13%
13%
4,100
99'%
99%
40
48
48
47%
48
47%
48
48 VB
*5'%
6
*86
87
*84%
87
*86
87
40
*24 Vb
25
23'A
24'A
*23'A
24
800
120
*98%
120
*98'%
120
*5%
5%
5%
5%
49'%
*72
76
75
76
*13%
14'/a
13%
13%
175
*159
175
*163
*180%
181%
180%
180%
*180%
181'%
6%
6%
6%
6 Vb
6'A
70
69
68%
9%
98
:
48%
70
14
14
*162
69
14
170
170
*13%
*162
4%
4%
4%
4%
*8%
*88
49
14
4%
183'%
*180%
183'%
*180%
183'%
20
6'A
6'A
6%
6'%
6%
6'%
6,600
9'A
1,900
Pittsburgh Steel Co
9'A
9'A
*88
47'%
69
69
9'A
9'A
98
*88
47'%
46
69
14
170 I
69
14
*163'A
14
5 Vb
5'/a
14
;
*163'A
5 Vb
53
53%
54
43%
43'%
44%
45
19%
20%
*19%
20'A
20
22
*20%
22
22
5 Vb
55
43
56
9'%
98
47%
69
9'A
*88
"68%
14
150
14%
500
*163'A
5%
56%
*44'%
45
20
19%
20
22
*21'A
21%
650
69%%
*13%
170
49
170
5 Vb
5 Vb
1,500
55
420
*44'%
45
80
19%
20
1,900
55
21%
*21'A
100
4,000
5%
5'%%
1st ser
conv
B
Poor
& Co class
11%
11%
11%
yy
11%
11%
11%
12
12
12'A
*16%
17'A
17%
17
17%
v.
17%
17%
17%
18%
18'%
19 Vb
16,900
Postal Teleg Inc
12%
12%
127%
12%
12%
12%
13%
12%
12%
18,300
Pressed Steel
*12%
12%
*12%
13'A
*12%
13'A
*39
40
40
54'%
55
54
*121'%
123
1
12%
13%
12%
*12%
13
13%
*12%
13
*38
39
38'A
39
55
55
54%
54%
38
38%
38%
39
54%
55
55%
55%
*121%
123
*121%
14%
15
14%
15%
15%
15%
15'%
15%
14%
14%
14%
15
14%
147/a
14%
15'A
86%
87%
86%
101
108'A
108 'A
120'/a
120%
*119%
121
38 %
For
123
88
87%
102 %
101
101%
123
102
123
88
102
107%
108%
lU8%
108%
121
121
120%
120'%
121
*119%
39
38 y8
*119%
38 %
38%
footnotes
see
page
63.
121
39%
*121'%
87%
102
123
87%
102'%
108'A
109'%
121
121
*120
39'A
121'%
40
16
■
'5'A
88
102'%
16%
15%
88'A
103
109%
109%
12':'%
122%
*120'%
39'%
122
40%
*121'%
15%
15'A
88
102%
40
r
54'%
123
5%
900
6,000
30
16%
13,300
15%
14,790
88 'A
950
103'A
1,240
109
109'A
750
122'%
123'A
130
*120'%
39
122
39%
preferred
5%
conv
pfd
iser
t$5
t6%
of Feb 1 *29)
t7%
+8%
distributed
28,400
1% Mar
4
Jan
9
1%
Jan
3
Oct
41'% July
1
11%
Apr
27
Dec
10% Jun
2
6%
Dec
8%
112'% Apr
17
101
Sep
106'%
1
Jan
Apr
3% May 19
45
Jun
2%
Oct
Jan
Dec
Oct
Apr
38
Dec
Mar
101
Nov
20%
11
100
100
100
No par
No par
Feb 20
Apr 20
Jan
7
.
l'/a
Jan
2 Vb
Jan
19'%
Apr
29'%
Dec
13'A Aug
19% May 22
6'% May 22
17'% Mar
1%
A Mar
Nov
May
6
13%
Jan
29%
60'% Mar
4
44
Apr
60
Dec
99
2
56'% May
82
Dec
29
9
July
Mar
1%
3
l'/a
3% Mar 26
45
Jun
32
29
Jan
Oct
4
Apr
Jun
11
17% Mar 26
•
Sep
2
Jan
44
Jan
15
May
108'%
Aug
Feb
Jan
25%
Nov
4
16% July
23%
Jan
2
36
Apr
47%
Jan
2%
109% May
5
32% Apr
24% Jun
60'% July
May
,
104
5
18%
%
6'% May 28
15% Mar
45'A May
30
Dec
Oct
Dec
7
16% May 18
58'% May 20
36
Apr
51%
Feb
41% May 20
18
May
29%
Jan
26% May
19%
Jan
Jun
4
7'%
Jan
Jun
27%
4
4
Apr
6VB
Dec
8'A Jun 28
5
Mar
6
Jan
29% Mar 29
22
Dec
28'%
Apr
10
Jun
8
32%
Jan
40'%
Jan
Apr
76%
Jan
26'A Jun
1
7%
Jun
xl4%
Dec
90'A Jun
3
55'%
Apr
Jun
14
98
May
117% Jun
4
103
Jun
49'A Jun
23
49
89'% Jun 28
111
14
6 Vb
July
1
99'% July
2
65
Apr 20
30
50
•
90
3
Jun 14
4
26
May
7
8
102
Jan
May
79
Dec
107'% Mar
110
Nov
9
Jan
May
80
Oct
Apr
1%
'7% May
46
Dec
Feb
3%
Dec
8
Jan 18
Jan
8
May 20
2% Apr
32
6
15Va Jan 20
85% Jan 2
96% Jan 4
109'A Jan 4
115% Jun 4
26% Jan 2
May
15'%
JanW
65
Nov
19% Oct
-.
May
"4%
26'%
Apr
38'%
Oct
4% July
6%
Jan
77'% Jun
5
56%
15% May
7
59
9
May
•
3
7%
Dec
Apr
Jan
10%
Nov
9
165
Feb
165
165
May
175
10'A May 11
4
Jan
3%
Sep
68
May 20
6% Jun
7
170
181
Feb
Feb
Dec
5%
Jan
May
6%
Jan
47'%
Apr
62
Oct
52'A May 12
20
Jun
33'%
Jan
Mar 31
58
Jun
70
Feb
88
75
May 19
16% Mar 29
162
May 18
5% May 29
6'/a
153
Jun
July
10%
153
Jan
July
--
—-
—-
21% May 12
11%
Jun
14%
23'A Apr
5
15%
Jun
18'%
Oct
13
1
3'% May
5'A
Jan
3
9'%
Jan
5%
Jun
8'%
Jan
6% July
Jun
8%
Jan
29 V4
Jan
61% Jun
\
1
46'% Jun
2
Jan 18
Jan 7
43
3
Mar 30
7% May 20
8
6
Jan 25
Jan 14
4
16 Vb Jun 21
.'6% Jan 6
6% Jan 14
24% Jan 4
48'% Jan 4
114% Apr 7
11% Jan
6
13% Jun 21
—
-
pfd $5
106
Jun 15
Jan 4
Jan 2
Jan 14
14'A Jan
18
No par
100
preferred
preferred
Pullman Inc
Nov
Oct
5 Vb
9 Vb Feb 4
170
Jan 9
175
Jan 21
4
Jan
4
4% Jan 13
59% Jan 5
24
Jan 13
66
Jan
4
7'% Jan 2
150'% Jan 4
1% Jan
8
\
29
Jan 30
20
Jan 28
No par
preferred
preferred
tPub Ser El & Gas
59
No par
Pub Serv Corp of N J
When
5
1
5
50
Co Inc
2d preferred—
Procter & Gamble
5%
NOV
Nov
8
3% Feb
34'A Jan
No par
No par
B
Car
102
5
1st preferred
conv
148'%
34
6
Jan 27
18'% Jan
No par
Pocahontas
Creek
Apr
5
3'% Jan 16
70
100
100
pfd—100
1
100
100
A
Pond
121
6'% May 10
7% Feb 17
79'% Jan 5
44
Jan 20
pfd
preferred
preferred—
Plymouth Oil Co
Class
Class
11%
*12'A
pr
(The)
17
•
23%
37
68'%
13%
71
106
109'%
.-100
100
Pittsburgh & West Va
Pitts Young & Ash Ry 7%
Plttston Co.
Jan
8
17% Apr
Feb 20
6'A Jan
4
5 Vb Jan 12
No par
No par
preferred class B
preferred class A
7%
98
48%
preferred
7%
11%
11%
Ry Co
Pitts Screw & Bolt
53%
•20%
Pitts Ft Way & Chic
101
May
23
1
100
100
Pittsburgh Forglngs Co
*180%
48'A
19
No par
preferred
$5 conv
Apr
156
2
Jan
7
Jan
7
Jan
5
Jan 12
Jun 14
Jan 4
Jan
6
Jun 18
Jan
2
Feb 9
Jan 9
Feb
9
28'% Jan 6
5 Vb Jan 6
34'/a Feb 18
No par
Iron Corp
&
74
Jun
Jan
33'%
13'A
108'A
23'%
17'%
46%
1%
100
100
preferred
Pitts Coke
1 'A
27'/a
16
1%
23
55
Jan 22
1% Jan
100
Co
Pittsburgh Coal of Pa
6%
19
24
116
80
Jan 11
3'A Jan
6
par
25
Mills
Flour
175
43
22
30
1,400
1
100
Preferred
Pillsbury
*163
53
20 y4
20%
2 400
13'A
Hosiery
Pnoenix
175
43%
*21
1,300
77
13'A
Phillips Petroleum
*163
98
170
2,700
8%
*72'%
—
175
.
52
52
*42
8'A
8
series
Phillips Jones Corpj
preferred
Jan
Oct
3
—10
100.
100
No par
—100
No par
5
Corp
Philip Morris & Co Ltd
•(•Preferred 4'A% series
7%
Apr
13%
Jan
Corp
.—25
tPhiladelphia Co 6% preferred—50
t$6 preferred
:
No par
t4'%%
22'%
17'%
Phelps-Dodge
Philco
23
28% May 24
17
No par
5
No par
Co
Pitts C C & St Louis Ry
5%
50%
5%
50
14
*159
*162
6
50'%
78
175
9%
120
*73
*158
48%
8
8
*7%
6
50'%
8
14
♦88
..
8
78
9y8
*98'%
5%
49'%
14
48%
200
6
87
*72%
98
5%
*5'A
17,200
24
14
*9
:,-b 30
14
96
78
48%
30
13%
49%
13%
116%.
*114
2,300
96
13%
*88
114%
114
13
*72%
6'%
114%
89%
89'A
*112
95
12%
5%
51
51
8 Va
8
114%
89'A
114
18,000
*90
12'A
95
49%
6-
6
•
47
5%
24
*98%
120
*98%
120
*5%
47%
*84%
87
*84%
86
11%
*90
89'A
*112
113
*114
11
*98%
89'%
*110
95
5%
24%
110%
11
4d%
24'% /
89% '
*112
*90
2,000
42'% Jun
Oct
...100
of America
Corp
Brewing
Apr
24% Nov
Apr "
5
100
100
1
100
100
preferred-——.—
Pffeiffer
24%
114
113
113
89
110%
111
8'A
8'A
preferred
RR
Peoples Drug Stores Inc
Peoples G L & C C (Chic)
tPeoria & Eastern Ry Co
Pepsi-Cola Co
:
Pere Marquette Ry Co
5% prior preferred
Pet Milk Co
48'%
48'%
88%
8'A
Penn G1 Sand Corp
Petroleum
15'%
14%
No par
No par
100
50
Pennsylvania
5%
11
Nov
11%
10
No
Cement
$7 conv pref ser A
2,700
24'%
89'A
89%
9
47'%
24%
48 y4
•••49
*8'/a
25'%
*86'%
24% i 25 %
25
48%
9
8 Vb
8'/a
8
15
9
9
9'A
24%
14'%
14'%
14
29% Jun
.
30'% May 27
No par
Coal & Coke Corp
5%
*109
30*
5%
43
43'%
60
45
45
43'%
*5'A
5%
17
*109
*105%
30
45
99
21
17'% Jan 22
No par
Co
(J C)
98
Jan
July 2
28% Jun 25
No par
10
Ford
&
3%
*35
14
Transportation
Parmelee
Patino Mines & Enterprises
Penick
7
15'% Jan 12
100
2.50
Parker Rust Proof Co—
1,500
300
Oct
20
90
No par
Co
&
5,000
54%
14%
Davis
Oct
Apr
16
1
1
Inc
2%
37
14%
Tilford
&
Oct
9%
1
Pictures Inc
31%
*35
14%
Park
2
2
Jan
2
35'A Jan 12
100
preferred
conv
100
*53
*14'A
4%
Paramount
105'% Jan
No par
Inc
Cos
Paraffine
& Transp
31'A
*30
24 Vb
4%
300
43
43
7%
Wi
45
108%
*17%
3'%
Petrol
97'A
7%
3%
2
30%
110
25
*55'%
8
*30
2
4%
57 y2
27%
31
*17%
5
104
31'%
30%
17%
*41
27%
2
2
31%
3%
106
*30
31 Va
110
43
27%
28
3 Va
42
5
5
American Airways Corp
40%
8
*16%
Pan
No par
Car
Motor
*10%
7%
*105%
Packard
10'%
3 Va
•:
600
17,100
4'%
4%
41'%
24%
42%
30,400
6
15
40'%
24%
43
57/a i-:
15
f
*10'A
*4%
96%
96 y4
96%
96y4
4'%
200
153'%
*152
Teleg
&
10'A
24%
57
*55%
57
*55
6%
15
Jan
4
Jan
2
91'% Jan 25
148
Jan
5
3Vb Jan
2
9
Jan
4
2'% Jan
2
23'% Jan 20
7'% Jan 16
100
t-6% preferred
;
100
Pacific Tin Consol'd Corp—...
1
Pacific Western Oil Corp
10
tPacific Telep
40%
5
24%
4%
152'%
90
114
Jan
6%
25%
16'% Jan
33
19
No par
....
8%
Apr
" Apr
4'%
16
25'% May 20
Mar 15
23'A Jan
5
No par
Ltg Corp—_.
Mills
10'A
25
5
5
25
2
5'%
14%
Pacific
Pacific
6% Mar
13'A Apr 29
50'% May 20
10
39'%
*104
3iy4
*151'%
400
2,900
2
5
10
25
(Cal)
Pacific Gas & Electric
10'%
106
17%
18
17%
18
18
31%
113
4'%
*41
*30
30
30
30%
*30
27%
5%
2d
7% Jan
6 % Jan
23'% Jan
5
14'A Jan 13
No par
No par
39'%
42
27'%
27%
27'%
27%
27%
42%.
27
15
4%
*105
106'%
•105
*105
28%
42
27%
152%
5%
15
4'%
28
42'%
27
115
151'%
5%
8,500
28%
42'%
*113
0
10
Co
Coast
preferred
preferred
Pacific Finance Corp
28%
114
1,040
16
.
27
*113
15
23% ?:•-:
23
*15
42'%
27
42
44
*42
43
*41 Va
3%
3»%
3%
3%
110
110
110
110
3%
10'%
*10
10%
*10
38%
*10
151'%
17
48
28%
28%
*42
27
115
ij.4
116
116
116 >%
*115
26%
23%
*15
17
*15
47'%
23
23%
*14'A
i
47'%
48
<:
14
Jun
22% Mar
13% May 29
Jun
4
40% Jun
3
22 Vb
57% Jun
8
42
Feb
Feb
13
115
Feb
13
123
17% Apr
5
9'%
Jun
21
52%
122
14%
Jan
Sep
Oct
Oct
Jan
15% July
Mar
86%
Jan
103'A July
73'% Mar
x99'%
Jan
110% Apr
79% Mar
111
Jan
99
Mar
123
Jan
111'% Mar
116
Oct
62
88'% May
126% Apr
119
Mar 30
40.% July
1
20% July
28% Nov
Volume
158-
THE COMMERCIAL & FINANCIAL
Number 4191
NEW YORK STOCK
LOW
Tuesday
Monday
Saturday
';;;i
$ per share
per
$ per
share
2!)-'j •*',
t per share
17%
*108
*
21 %
18
Range for
STOCK
Range Since January 1
Lowest
Shares
Par
110%
110%
104
103%
104
103%
22
21%
213/4
1,900
preferred.
Purity Bakeries
14
14
14
1,400
Quaker State Oil Ref
110
103%
103%
21%
21%
21%
21%
21%
22
133/4
13 =
133/4
13%
*13
YORK
EXCHANGE
112
110
13%
NEW
*110%
18%
.
102%
*13
$ per share
share
for
the Week
18
110
13%
H
July 2
17%
.'21%
22
♦13%
$ per
Sales
Friday
\
July 1
102%
♦108 %
111
102%
102%
17%
18%
17%
17%
RECORD
18
'
104
61
STOCKS
Thursday
June 30
share
June'
; June.28
June 2(5
SALE PRICES
Wednesday
HIGH
AND
CHRONICLE
v
18%
-
18%
17,500
Pure Oil
(The)
113
200
6%
1,400
5%
$ per share
-11
Jun
14
1043/4 Feb
3
19% May
110% July
92% Jan
2
104% Jun
No par
133/4 Jan
2
22
Jun
.10
10% Jan
4
14
July
conv
;
Corp.
••
Previous
1942
-Lowest
$ per share
100
preferred
104
*110
No par
100
—
Year
Highest
share
per
7
4
Highest
„
$ per share
Apr
V; 11%
Dec
90% May
80 Va Jun
106%
Dec
7
92%
Dec
25
9% Mar
14"% Nov
1
8% Mar
10%
1
Oct
R
11%
11%
11%
70
69%
95%
95%
28%
15%
29%
20
28%
15%
15%
29%
*29%
'29%
19%
95%
28%
15%
293/4
95.
15%
28%
15%
~9%
28%
95
28%
9
76
95'
preferred
100
28%
1,500
Raybestos Manhattan
No par
15%
15%
8,300
Rayonier
29%
29%
29%
30
19%
19%
19%
19%
20
333/4
333/4
*27%
28%
*29%
293/4
19%
27%
66%
10
*9%
18%
17%
38%
77
77
77
54
54
93/8
*52%
19
9%
19%
*98%
100
98%
98%
*81%
83
*81%
19%
19
8%
813,8
8'A
90
*89
90
90
67
*65
66%
67
74
65%
10%
67
:•■•■
87%
10%
11%
31%
31%
17%
5,000
77%
200
77%
77%
54
54%
9
19%
81%
20
19%
102
*983/4
102
50
*82%
83
82%
83/a
8%
:
92
91
68
*68
69
11%
11%
11%
11%
11%
85%
85%
86
86
86%
11
11
11
11
11
31%
303/4
31%
30%
30%
303/a
303/4
11
11%
15%
*15
%
103/8
15%
9
14%
*8
10 3/8
10%
*253/4
253/4
34%
35%
34%
33%
34%
34
*7%
9%
.4 2 3/4
*111%
*7%
I 43
43
111%
43
1113/4
104%
*41
9%
9%
34%
9%
34
111%
34%
*104
104%
104%
*41%
42%
113
*113
115
♦111
114
*111
114
%
P/s
.6%
*6%
6%
*6%
6%
*6%
*8
9%
*7%
9
*7%
43
43%
42%
111%
111%
43
111%
9%
9%
9%
..34%
34%
34%
104%
1043/4
105%
42%
*41%
42%
42%
10
43
*104
111%
113
113
*112
114
*112
114
111%
111%
111%
♦111
114
111
,100
111
30
1
1%
1%
1%
1
1%
1
1%
1
1
7,300
2%
2%
2%
2 %
2%
2%
2%
2%
2%
3,400
23%
23%
24%
5,100
*3%
3%
3%
3%
82%
82
3%
82%
83 3 a
82%
24
3%
83
*3%
24
24
82%
<$'
,.24%;
*3%
3 3/4
82
\
\
*24
.
33/4
*3%
37/a
200
82
82%
81%
82%
10,300
17%
17%
17%
17%
17
17%
17%
17%
17%
173/a
17
17
16%
16%
16%
16 %
143A
153/4
16
16%
163/8
163/4
16%
17%
7,900
4,900
*68%
69%
68%
68%
69%
69%
70
70
71
71%
71%
310
,
10%
*42%
38 %
No par
27%
Sc Brass
No par v
preferred———. 100
.100
t5%% preferred
Reynolds Metals Co
No par
5 % % conv preferred
.100
—1
Reynolds Spring
-10
Reynolds (R J) Tob class B_
f7%
-10
Oil Corp
No par
-No par
Antelope Copper Mines
Co (The)
No par
Rustless Iron & Steel Corp
$2.50 conv preferred
$4.50
1%
26
26
26
1%
*1
1%
*1
*25%
26
*25%
la/8
*1
26
*1
13/8
26
*25%
25%
.253/4
200
11
10%
11%
103/,
11
10%
11
10%
11%
11
11%
40,900
39%
39%
39%
393%
39%
39%
40%
40%
40%
40%
40%'
112%
114%
•113%
114
118
*114
118
114
114
118
114
114
*113%
34%
*113%
113%
118
*113%
118
34%
34%
24'%
24
24
32%
33
323/4:
323/4
13%
13%
13%
14
3%
4
3%
25%
27%
*146
4
25%
*25
23%
25%
27%
28
23%
28
148
148
149%
23%
23%
34%
,113
'
*114
34%
*34%
114'
118
*114
34%
343/4
34%
34%
1,500
660
34%
24%
24%
24%
*24V2
24%
243A
243A
32%
32%
32%
32%
32%
323/4
33
13%
13%
13%
13%
13%
14
33/4
4
3%
3%
33/a
25%
*243/4
1,800
*24
32%
25%
25
25
28
27%
28%
148
148
23%
148
23%
23%
28%
253/4
29%
23%
*146
23%
14
3%
10,800
233/s
17% Jun
25
11%
Dec
17% July
2
8
Apr
10%
Nov
54
Jan
4
71% July
2
52
Dec
60
Jan
$5 conv preferred
No
Sharpe & Dohme.
—No
$3.50 conv pref .ser A——No
Shattuck (Frank G)C
;
No
(W A) Pen Co——-No par
31% Jan
4
44% Jun
16
17% Jan
14
30
29
Jun
5
23/a Jan
5
5
Apr
—.—No par
16 % Jan
2
28
10
1 % Jun
5
1% Feb
2
263/a Jun
Shell Union Oil.
15
Petroleum
*
Simonds Saw & Steel
No par
Sinclair
No par
Oil Corp
Skelly Oil Co
77
Jan
2
111
Jan
6
118:
19
Jan
19
S'eastern
Natural Gas
10% Jan
2
137/o May 27
2% Jan
2
5%
5%
54
*29
29%
30%
6
...
54
29 %
30%
41
41
,*58
41%
29%
30%
59
30%
41%
*47%-
:>'•;
59%
7
6
6
*47%
*28%
29
41%
•58%
6%
7
6%
50
49%
37
37%
117
>
*115
*65
37
117%
*65
*114%
116%
116%
-29
600
Jan
Nov
18%
Feb
35% Jan
9
493/a May
5
233/4
Jun
39
Oct
100
42% Jan
12
343/4
Jan
50% Mar
2% Jan
6
Apr
5
6% Jun 30
2 3/a Jan
6
6
Jun
28
4
55
Jun
10
2
42%
43
43
43%
43%
1,100
Spicer Mfg Co
No par
32% Jan 18
59
59
59
No par
2
57
37%
37
36%
118
*115
*65%
■
*115
*115
116%
8
113
1%
1%
1%
3%
6%
6%
49%
36%
*115
75
*65
117
*115
7%
*
1%
8
112/8
113
1%
•
3%
*37%
118
3%
6%
49
37%
37
118
*115
117
7%
*115
73/4
1% ;•
3%
33/4
12,700
640
37%
1,600'
118
*65
v
7%
112%, 112%
1%
6%
493/4
*112
1%,
37/a
VA
,
:
3%
117
-
Square D Co
5% conv preferred—
Squibb (E R) & Sons
$5 pref series A—
No par
1
...
100
-
No par
—No par
9
;A""3AAJan;'/:2:
35% Jan
7
33
Jan
6
109
Jan
28
113
1%
4,300
A Jan
3%
Standard Gas & El Co——No par
$4 preferred
No par
$6 cum prior preferred
No par
25
24
24
24%
243/4
24
24%
24%
25%
7,800
1,600
28%
29%
29
293/4
293/a
30%
29%
30
29%
30%
8,000
37%
38%
38
38%
37%
37%
37%
373/4
37%
37%
37%
373%
11,900
35
35%
35%
35%
573/4
57%
$7
Apr
Dec
313/a
43% July 2
59% Jan 26
30
Sep
37
49
Mar
60
7
Jun
513/4 May
26
2%
Sep
6
293/4
Sep
Jun
18
4
6
8
Jun
Jan
A
No par
25
283/e Jan
40
May
8
18
Mar
20
Apr
30%
35%
353/4
353/4
353/4
35%
15,000
Standard Oil of Indiana
28 Va Jan
12
35% July
2
58%
58
58%
57%
58
25
46% Jan
2
583/b July
1
43%
43%
433/4
43%
18,800
1,600
Standard Oil of New Jersey—:
43%
Standard Oil of Ohio——
25
37% Jart
4v
45% May 26
8%
8%
83/4
8%
8%
8%
83%
8%
8%
8,000
8%
30%
30%
31
*30
60%
60%
61
61
61
613,0
14%
14
14 Va
13%
•12
11%
*30%
103/4
*
29
*29%
30
700
61%
613/4
61%
62
4,300
13%
13%
133/4
133/4
13%
13%
13%
3,300
Stewart-Warner
12%
12%
12 %
12%
29
1
13%
12%
;9%
9%
9%
9%
9%
9%
9%
9%
93%
12%
12%
12%
12%
12%
123/8
12%
12%
*54%
57%
126
*125
6 J/4
6
20%
20%
20 %
3%
3%
3%
54
54%
125
125%
5%
20
33/a
*54
125%
55
55
125%
6%
5%
6
20%
19%
Sr.
20
3%
33/8
33/a
75
76
76
77
77%
v
30%
30%
30%
30
30
*293/4
30%
*29%
31%
*29%
31%
*12
12%
12%
12%
*11%
12%
12 3/a
12%
26%
25%
25%
25%
26 V*
26%
263/8.
see
page
63.
1
No par
10
Sterling Drug Inc
'0:',
12%
iiMZ;
Standard Steel Spring—
Starrett Co (The) L S
29%
61%
29
.61%
31
*78
..783/4
30
30%
*30
30%:
*125%
57/8
*20
33/a
13%
10
9%
55
*125%
5%
20
12%
*55
128
•
%;•".•:
3%
5%
20
57
'0;:.:
z.
0;
700
60
6%
&
Webster—
Studebaker Corp
Bun Oil Co
Class
A
pfd
No
;
29
2
7% Jan
12
66
May
13% Jun
10 3/4 May
7
13 3A Jun
5
100
Sunshine Mining Co
.—100
1,400
Superheater Co
:—No
par
6
48% Jan
6
122
9
Apr
33A Jan
2
12% Jan
2
63% Mar 30
7
3%
3%
8,900
Superior Oil Corp
80%
1,100
Superior
80
80
30%
303/4
30%
30%
*11%
12%
*11%
26%
26%
25%
12
26%
2,100
'.■*:
Z
400
"400
4,800
Oil
of
——
Calif
Superior Steel Corp.
Sutherland Paper Co
Sweets Co of Amer
Swift &
Co
(The)
—1
25
1%'Jan
2
Jan
62
Dec
8% Nov
4%
3% Mar
4
Apr
33%
V
Jan
43
1163/a
:
;
553/4 Jan
128
3% May
May 28
11% May
4% May 10
143/s Jan
20
26'A Jan
4
43/4 Feb
1
12% Jun
5
25
22% Jan
2-
273/8 Jun
2
82
Jan
-6% Nov
6% Nov
Apr
Apr
4
100
10
12 %
23
34%
Apr
1
7
313/4 May 27
313/4 Mar 25
583A Feb
Dec
Nov
Jan
22
Dec
47
40
7% Apr
127
-
-30%
29
Dec
Apr
5% Jan
30
2
Jan
13% Jan
29%
223% Deo
7
2
5% Jan
11%
Apr
42
1
14% Jun
-
25% Apr
9 % May
5
31% Mar 31
4 % Jan
No par
cum)
(The)
Jan
53/4 Jan
1
(The)
(4% %
Apr
59% Jun 24
par
4,100
20
79
31
Stone
7
25
1
Stokely Bros & Co Inc—
7,100
12,700
>
128
30%
31
5
Corp
66,300
9%
12%
-
12%
....
% Of t
2% Oct
% Apr
57%
43%
35%
Sep
6
57%
\
49% Jan
8% May
43%
,
footnotes
Jan
30
57%
8%
56
5
110
6% Mar 13
43%
83/4
126
23/4 Apr
89% May
26% Apr 29
43%
Feb
Jan
32 % Apr
58
Jan
114
113
10% Jan
35%
Jan
Jan
38 3/a
Jun
No par
35%
Jan
4% Jan;
Dec
Oil of Calif
Standard
Nov
Mar
Apr
109% Aug
2% Mar 13
IV2 Jan
9
Jan
July
45%
40%
17
43
10%
108
112% Jun 22
57%
%
43%
27%
373/4 Mar 12
115
prior preferred
cum
Aug
3% Feb
59':
17%
1163/4 May
7
Z 24
21%
17
2
3
Apr
1% Nov
31
Deo
17
293/4 Jun
10
4% Jan
1%
35% Mar 15
Jan
100% Jan
Brands—
66
Feb
49
—.—No par
Standard
Apr
663/b Jun
$4.50 preferred.^.—.—No par
*24%
For
-
Jan
100
24
26%
preferred A
Spiegel. Inc—.
tConv $4.50 preferred
conv
62,400
29
30
•
73/s
28%
•
-
113%
24
75
Jan
26
7%
3%
33
213/4 Jan
*.112%
6%
-
No par
24% Jan
49%
21% Nov
Apr
12%
Spencer Kellogg ft Sons.—No par
Sperry Corp (The)
1
6%
Apr
9%
18 %
200
493/a
14%
6
12 % May
6,800
63/4
1443/4 Jan
5
30%
49
Nov
2
29%
49%
Jan
Jun
122%
153/4 Jan
Ry—„
preferred
Sparks Withington—.
Spear & Co
$3
Jan
Apr
17%
1
Jun
$5.50 preferred-,*
50
IS3/*
26%
14
10
10
29%
*58%
Jun
8
*28%
59
Dec
2%
5
30%
*58%
10%
1% Mar
133/4 Apr
293/4
59
Feb
6% Mar
6
2
17
30% May
303A Apr
29%
112%
4
6%
*47% A 54
July
Jan
15% Nov
7
*28%
7%
3%
31,400
*53/4
6%
203/4
13
30%
*111%
3%
29
■
54
25
Jun
10
Jan
113% Dec
153A Jan
42
8
1%
*5%
*47%
30
149
2
Apr
25% July
2
15
29%
*111% 115
8
6
54
11
Jan
41%
■
7
*1.133/4
*65
*47%
6%
100
21% Jan
10% Jan
25
7.50
Co
tMobile & Ohio stk tr ctfs
%
6
16% Jan
5
20% Jan
132
30%
30
49%
49%
6
54
63/s
5
Nov
No par
45%
6%
8
Mar 31
1
—
Dec
30% Oct
9
Apr
13% May.
Edison
45%
6%
,
36% Jun 11
19% Apr
65.
Apr
108
July
15% July
25% Jun
No par;
.—100
Jan
Dec
—No par
1
California
Southern
45%
5%
27
1%
No par
100
Southern
44%
6
20'/a Aug
33% Jun 22
Greyhound Lines
45
0 53/4
4
4
2
So Porto Rico Sugar
8 % preferred——
44%
6
4%
17
4
Southern
53/4
Jun
15
200
Aug
18 3% Deo
11% May
% Apr
15% Jan
South Am Gold & Platinum
5%
2%
Nov
73/8 Nov
18
16% Jan
Socony Vacuum Oil Co Inc
Nov
35
-No par
No par
Smith & Cor Type v t c
Snider Packing Corp.
1,200
3,500
—10
...
11
Dec
9% Deo
66
30% May
10 Va Apr
7
Sep
103/4 May 27
Iron___100
&
t$6 preferred
Smith (A O) Corp
3,500
59
Jan
No par
tSloss-Sheffield Steel
11,600
*57
21
10% May 21
28% Jan
Apr
Apr
4'A Mar
May 29
433/a May
126% Apr
15
27
59
4"%
62%
54%
par
263/s
*57
5
11
par,
Feb
33/a Mar
43% May
4% Jan
8
10% Jun
27%
■=
16% May
73% May
8
26%
60
8% Jan 20
7
26%
*57
par
5% Jan
26%
20
par
2
643A Jan
26%
45/4
Dec
7
26
59
113%
13
26%
1
Jan
Jan
No par
26
44%
116
9
,
.
26%
*57
Mar 23
Oct
Dec
109% Aug
106% Jan
10% Jan
.
Steel Corp
Sharon
26%
45%
16
-1
Seryel Inc
Southern Pactfio Co—
60
Feb
39
30
2,700
45%
115
Apr
83% Jun
32,200
*57
25%
12
13 3/a
45%
1
98
59% Jan
27%
59
Feo
May
No par
13
6%
4
78
Sears Roebuck & Co—
263/4
*53%
May
Dec
2
105% July
Dec
133/4
*125
111
Jan
21%
13A
27%
10%
43
19%
Apr
10
13
14
9
Dec
123A
4% Jun
27%
*43
Jan
x93/a
19
8
13
3
38
Jan
12% Mar 26
373/4 Apr
Jan
27%
1%
15
110
Sep
Sep
Jan
17%
26%
73/4
Jan
Jun
104
'
Apr
13
*114%
11
44
10 Va
27%
36%
112% Jun
8
Apr
29%
Sep
1
13
*115
7
9% Jun
19% Jan 12
10
26% Jun
26%
6%
105% Jan
Jan
4
13
49%
30
5
16'A Jan
27%
*47%
:
43% Jun
%
Seaboard Oil Co of Del——-No par
Sea grave Corp
5
12%
*58
7
8
A
Va
27%
5%
Jan
35
Mar
Jun
12%
5% & 6
.
13
Dec
27%
45%
9
Va
12%
♦57
7% Jan
•h Nov
Jan
3/a
25%
4,400
7%
2
1
29
23%
l'/a
•
1
27%
*12%
Jan
Mar
149
28%
149
149
233/4
3%
,
25%
29
148
13%
3%
400
2,900
42,500
Jan
%
4% Mar
Simms
10%
*113
34% Jan
May
Jh
1
Mar 11
9
Silver King Coalition Mines
*1
23
1
2
Simmons Co—
.
36% Mar 30
112
2,000
1%
2
32
13% Nov
2
tSheaffer
26%
Dec
47% Nov
2
5,400
X26
21%
7
May
34% May
28
23
2,700
4
26 3A
Feb
18% Jun
49% Mar 19
352 Jan
4
4
4
263/4
Jan
Nov
63/4 Nov
% Jan
28
273/4
4
26%
9
93/b
1073A Jan
X27 %
29
3%
Apr
100
28%
28%
3,700
Oct
Jan
6
No par
44 3/4
500
54
65/8 Apr
3% Jan
16
Jan
27% Jan.
4
Jan
96
—
*42%
45
5,300
:
6%
Jan
5%
—No par
$4 preferred
tSeaboard Air Line
4-2 % preferred
443/4
♦45%
15%
70
8%
85%
Apr
33/8 Mar
Apr
31% Nov
7
Oct
Jan
113/o Jan
No par
10%
.15
*69%
7
74
May
x20
2
Jan
43
No par
preferred
7%
1293/a Mar
6% May
.
Dec
Jan
863/i
75%
.
17% May 4
97/o May 8
26% Jun 28
100
10%
15%
20% Jan
38%Jun
11% Jun
16
5
10%
15
26
1
11% May 28
32% Jun
2
Jan
5
70
4
10
933/4 Jun
2
4
100
*69%
26%
12% Jun
7
No par
10%
28%
4
2
100
preferred
15
4
343/o Feb
54
100
tSt Louis Southwestern
69%
26%
2
20
1% Mar
10%
28
25 % Jan
19
100% Mar
Jun
Feb
3% Mar
14%
,.
Jan
4%
7
Dec
Nov
5%
Dec
70
,
6
69%
4%
Jan
5%
71%
78% July
2
10%
26%
7% Jan
80
70
Feb
49
;; 13%. Sep
x94% Jun
18
Jan
15
28%
7
Mar
Feb
Va Jan
69%
4
64% Jan
9% Apr
x55
98
28 Vi Jan
„
10%
45
6
13
—10
Lead
143/4
*42%
5% Jan
85% Jan
101% May 24
863/o Apr
6
Louis-San Francisco——100
6% preferred
100
69%
39%
v
1
No par
'
15%
26%
*24
4
Revere Copper
10 %
27%
34%
6
73% Jan
19% Jun
2
% Jan
.100
69%
27%
*25%
Jan
95
6% conv prior pfd ser A
14%
*4% ■r 4%
26%
26%
*1
14
.100
Republic Steel Corp
6% conv preferred
10%
10%
*42%
7%
Jun
May
Dec
22
Jan
2 3/a
69%
45
Dec
6
2
15%
*42%
13
12
10%
45
7 % May
19
69 %
15%
*67
:
♦69
5
Mar
Scott Paper Co
2%
23%
Dec
107/e Apr
20% July
400
1 %
24
16
59% Jun
42%
2%
24
10% Mar
79
42%
1
24
1
6
4
42%
42%
8,500
2%
i
10% July
20
2
700
3,600
115
*113
5
8
4
105%
330
10
36%
Dec
Dec
4
4% Jan
105%
111
9%
Apr
6
70
Jan
42% Jan
36/4
111
10
11
28
Jan
69% Jan
363/e
112
9%
36%
Nov
39
12
100
Inc
Safeway Stores
5% preferred
Savage Arms Corp
Schenley Distillers Corp
5 % % preferred
3,800
Sep
33/a
-25
Motors,
5%
43%
23 8/8
Jan
Preferred with warrants
105'A
111%
36%
*104
43%
690
Nov
May
1%
Jan
$St
2,500
28 3/a
20
tRensselaer & Sara RR Co
St Joseph
9%
ilt
1%
233/4 May
20
1,100
6%
9
1%.
Nov
Jan
2,800
%
1%
42%
42%
113
S3/a
40
34
3/4
1%
111%
10
34%
34
5,900
0
483/4
15%
6
Ruberoid
173/8
:
Apr
12
Reo
Dec
263A Feb
20
500
26%
*253/4
Dec
12
14% Jan
7
26%
Dec
22
Jun
11%
5
66% Jun
54%
Jan
23% July
5% Apr 29
75% Jun
Jun
—1
t Common
3,900
Jun
Dec
-10
2
17%
I
No par
Corp
Mfg Co
Remington-Rand
8
483/4
%8
.100
1st pfd
& Co
Stores
Jan
173/8
6%
8
7% Jan
483/4
--•:•
66 VA Jan
5% Jan
17 %
9
.100
9
*48 J/4
6%
:
30
14
Ritter Dental Mfg
17%
6%
6%
22
3% Jan
Roan
483/4
34
20
22% Jan
—5
Richfield
17%
13
26% Jan
22S/o May 5
34% Mar 30
200
*48%
1% v
143% Jan
3%
7%
A
Dec
Apr
15%
1
Dec
90
34%
28
200
17%
34
Jan
8%
483/4
%
30
10%
17%
l3/a
6
15%
*48%
%
26 % Jan
10%
18%
l3/a
26
Jun
Dec
59%
Apr
2
7
15% Jun
*8%
48 3/4
1%
293/a Jun
153/a
8
173/4
34
9,600
99
2
7
-50
Reliance
38
*48%
,0 3,4
1%
210
2,100
31%/:-
*37
17%
34
1,400
;
7
Jan
21
iv 5
46% Mar
88
■
1
11% Jan
15%
8
26%
90
io5/8
30%
48%
*48
;
12
87
80
(Robt)
Reliable
10% Jun
10 3/8
*15
73/4
113/4
87
xl05/8
38
10%
15%
73/4
26
*37
38
*15
8%
26
26%
26%
10%
14%
11
10%
*8%
*37
38
21,200
■
93
69
*67%
100,300
9%
8%
•
93
10%
*37
20%
92
853/4
38%
Reis
4,900
82%
*113/4
*37
1,200
*983/4
100
'
38 %
54
Z:900
9
11,'
*37
9
77%
*52
9
200
2
-50
Hosiery
2% Mar
4
24
-50
Preferred
1,100
77
12
31%
1,000
175/0
85%
•11
250
/
103/4
Silk
54% Jan
70% Jun
1003/4 Apr 30
-25
1st preferred
2d preferred
4%
Real
100
17%
85%
12
*86%
500
19
11%
*11%
65
*10%
4%
300
,
3% Jan
4
1
Inc
Reading Company—
100
vi
18%
173/4
67
1,700
conv
preferred
$3
700
19
17%
91
Z
.
74
65
65%
10%
*.183/4
8%
8
90
*65
76
19
19%
100
81%
*89
65%
9%
9
100
81%
83
8%
8%
18%'
*99
*75
t6%
350
f
5%
5%
54
17%
iv*77
54%
9%
9%
27%-
10
10
*18%
19
34
*5
76
65%
10%
*18%
•'•77
19%
65
65
5%
*75
19%
18
9%
26
943/4
28%
15%
*33%
10
1
Radio-Keith-Orpheum
94
30
76
23,500
12% May
Mar 16
29
28%
*75
2
Jan
92
94
15%
*5
4% Jan
59
*28
33%
76
No par
No par
95
153/a
5%
Corp of Amer
$3.50 conv 1st preferred—_No par
29
94%
*28
15%
5
9%
9%
*33%
54
17%
9
*27%
*18'A
*76% .77
26%
"9%
9
33%
5%
Radio
t$5 preferred B„
28%
18%
*8
2,900
19
19
66
18
*15
68 3/s
*33%
10
8 3/8
46,900
68%
*27%
66
19%
18%
11%
68%
28%
*75
*18%
9%
11%
Va
333/4
*5
5%
54
11%
68
28%
29
653/4
11%
69%
*33%
33%
*28%
:*9%
20
19%
*32
*75
_9%
9%
11%
*100%
95
~9%
*5
69%
*100%
"1003/4
9%
11%
69
11%
69%
12
69%
12
70
*100%
57/a
Dec
Jan
15% Jan
Apr
1%
Jan
9% May
16~%
Dec
26 %
Dec
1
May
17%
Feb
3% May
20
Sep
/■
4% Aug
25
Jan
THE COMMERCIAL &
RECORD
NEW YORK STOCK
per
June 29
June 28
June 26
S
Tuesday
f
share
per share
$
per
Wednesday
3iV*
33%
33%
33%
33%
34
34%
7%
7%
33%'34V
7%
7%
34%
34Va
7%
7%
34%
34%
34%
;
34%
35%
7%
7%
7,200
12%
12%
51%
52
12%
51%
40%
15%
16%
12%
16
Texas Gulf
26%
26%
.9%
9%
*41%
43 1
6V2
80 Va
8%
6 Va
46 %
12Va
12 V*
31%
31%
32
32%
2%
2%
25 Va.
26
13%
14
100
100%
30
30%
46 Va
Third Avenue
6V4
2%
..—25
No par
.
—mNo par
...N( par
.10
preferred——No par
$3.50 cum preferred
■
Tide Water Associated Oil.;—
t$4.50
ioo v*
conv
Tlmken> Detroit
30%
49 V*
Corp.-.No par
Thompson-Starrettv Co
14
30
_i....lOO
/Thompson*Prods.Inc
26
13%
Transit
Thompson (J R) A
2%
26
ioo y4
—No par
—«
......
/Thermoid • Co
a
...I...,
._1
j * $3 div conv preferredi7./.^_._._-110
12 Va
6
i.
Preferred
:
9V»
46%
6%
6
.1
>
The Fair..:
6%
12%
45%
10
i—100
/Thatcher Mfg Co—..—.^..Na por
t$3,60 conv preferred_L-i_lVo par
82%
9
OiiiJ.
Texas Pacific Land Trust
10%
82%
No par
No par
'Texas & Pacific Ry Co
43
43
*
/Texas Pacific Coal &
27
.80%
9%
*6%.
25
Produc'g Co
Texas Gulf Sulphur
13 Va
*9%
t>0
Corp
/Texas Co (The)
16%
12%
9
(James)
__5
Tennessee Corp_..i..^..77..-.....-5
52 V*
40%
24%.
35% July
49 Va
.
Axle.—..*——.t10
...No par
Tlmken Roller Bearing.
Transamerica Corp...
-.5
/Transcont'l & West Air Inc.
Williams St'l
Transue Si
\._No par
Trl-Continental Corp..—a_—.1
$6
t
preferred—AiAA-.-A^—Nb par
Truax-Traer
Corp
/20th Cen Fox Film Corp
...No par
—No par
$1.50 preferred^.—No par
.
Twin City*
Rapid Tran....j.No par
"..100
7%. preferred..
Coach
Twin
56
112
98%
26%
,
preferred-ai-i-Z-w
4%
Tank Car
Union
A—J00
No par
;
I
United Aircraft Corp
5%
21%
Biscuit
United
—
—No
Co
preferred
66%
United
Carbon
24%
24%
United-Carr Fast
1%
1%
29%
__
United
$3
30%
Co
No par
...
No par
No par
No par
Corp
Corporation
preferred...
United Drug
United
1
Co—
Corp..
10
100
Dye wood
Preferred
......
Electric
United
*30%
Eng
Fruit Co..
No par
Gas
No par
No par
United
Coal
.5
United
United
:ii 8%
Cos
5
& Fdy——
Improv't
$5 preferred
A
t o._
United Mer & Manu Inc v
United
Paperboard—
Foreign Secur..,
U S &
72%
U S
Freight Co
72%
U S
9%
U
9%
39%
40%
6%
U
6%
18 V*
*109 V4
18%
tPrior
9%
34%
—5
50
;
iNo par
preferred
U S Lines Co—
6%
9%
preferred
conv
Industrial Alcohol
S
U S Leather Co...A..i,.—No par
Partic & conv cl A
'--..No par
110
6%
20
100
—
Mach Corp..
Hoffman
S
5%%
41%
*40
No par
....
preferred
Preferred
U S Pipe &
35
.
...Lu—.,
s
100
*———.1
.—.10
20
.10
1
Foundry
.*38 Va
38%
U S
Playing Card Co
41V*
41%
U S
Plywood Corp...
43%
44
U
No pur
fU S Realty & Impt
43%
121%
121%
44
44 Va
,
44%
121% 122%
122%
122%
122
-
*54 %
55%
55
*55
55 Va
*54 %
55 Va
70
*69 V*
70
x70
70
70
70
56%
57
56%
57%
56 Va
57 Va
56 Va
57%
57%
58 V8
120%
120%
120%
120%
120%
120%
120%
120%
23%
23.%
23%
120%
23%
47 Va
23 V*
*46
23 Va
*46
47%
23%
47%
-10
Co.
____100
—50
preferred
1st
Smelting Ref & Min
U S
70
23 V8
S Rubber
8%
122%
54%
*119%
1
10
.No par
-No par
Gypsum Co
7%
178
*174
£
1st preferred
$6
16
16
*46
par
-—100
5%
*65%
*113%
—5
100
5
preferred....
conv
Un Air Lines Transport
30%
21
100
Union Pacific RR Co..
38
112%
29.%
.+25
Union Oil of California
88%
26%
37%
No par
preferred $4.50 series-A-A—No par
99
88%
No par
pfd
"
112
21%
112%
-No par
...No par
Union El Co of Mo $5
117%
21%
1
-a
...
Fisher Co
Under Elliott
11
84%
*115%
Co—
Union Bag & Paper....
Union Carbide & Carb
57%
10%
84
50
Preferred
23%
*46
23 Va
47 Va
—No par
U S Steel Corp
100
Preferred
U S Tobacco
No par
Co
-25
preferred
7%
1
---5
Stockyards Corp
United
—
United Stores class A
preferred———No par.
Universal-Cyclops Steel Corp
1
Universal Laboratories Inc——1
$6
conv
Pref erfed
.4—'—.
--No par
Universal -Leaf Tob
preferred
.8%
100
———
Sales.—;
Vadsco
No par
—:
L—,
-100
Corp^of Am—-—No par
Norman Mach Tool—.:
2.50
Preferred
...
Vanadium
Van
5
preferred.———100
Van Raalte Co Inc.
1st
7%
Vick
Chemical Co
5
-100
,—
Vicks Shreve & Pac Ry—:
5%
Victor
preferred'
i
-
6%
Va
119
*32%
34
36%
33%
*102
6%
preferred
_y
Vulcan Detinning Co.——
105
*144
preferred
—100
pref
—No par
.pfd.—100
& Coke 5%
Virginian Ry Co.—;
36%
33%
div partic
El & Pow $6
Va Iron. Coal
1-
Preferred
—
—
preferred
32%
32%
*32%
33%
Wabash
RR
10%
10%
10%
10%
Waldorf
System
26%
26%
Walgreen
108%
100%
26%
*108%
26%
110
For
footnotes
see
page
63
4%%
100
5
No par
Chemical Works
Va-Carolina Chem—
*116%
$ per share
19 V* Mar
35% Apr 22
5%% partic preferred
40%
40 Va-
12%
8
8
'2
Corp..
Co.—
*
preferred with warr.
—25
25
AlOO
100
Jan
Year 1943
^
share
4% Jan
Telautograph
4%
12%
6%
6
6 Va
per
29
Talcott Inc
8%
%
$
22% Feb
Symington-Gouid
43%
"4
$ per share
Sylvania Elec Prod's Inc.
10,600
7%
-
Lowebt
Highest
Swift International Ltd..
2,400
34%
7%
*7%
.Lowest;
EXCHANGE
Shares
34%
"42 V2
4%
'
S per share
Range Since January 1
NEW. YORK STOCK
fqr
the Week
34 %
8Va
4%
6
$ per share
43%
*7%
*43
Sales
Friday
July 2
July!
34 Vu
33%
34%
Thursday
June 50
S per share
34 V*
7%
.
share
33%
7%
SALE PRICES
Range for Previous
STOCKS
;
AND HIGH
LOW
Monday
Saturday
Monday, July 5, 1943
FINANCIAL CHRONICLE
2
8% May 20
:)
15 % Aug
3% Aug
,
■ 'Highest
t per share
•
29 V*
Nov
7, .25% Dec
5'/t Jan
158
Volume
THE COMMERCIAL & FINANCIAL
Number 4191
NEW YORK STOCK
LOW
$ per
$ per share
.
8%
8%
8%
8%
*47%
48%
48%
48%
18%
*17%
18%
*17%
18%
12%
*11%
9
12%
12
*2%
2%
50
88'A
88 Va
share
$ per
49'A
18
/•' 12%
12
12%
1,600
2%
53%
1,600
2,400
14%
14%
31,800
Warner
88
88%
3,520
$3.85
\
200
14%
14%
14%
88%
88%
88%
88 %
28%
*28
50
{J
.
4% Jan
$7
4
9% Jun
4% Jan
4
'•>:
5
3%
No par
79
88% July
No par
No par \
5
27
May
15% Jan
12% Jan
1
4
/
32% Apr 21
22
Jun
1
17% Jun
2
17% Jan,
5
24% Jun
2% Jan
17% Jan
8
May 13
$ per share
Apr
Apr
5'A
2%
16
16'A Oct
Jun
6
% May
Feb
x65
Nov
1
Nov
29% Nov
4% Apr
1
Not
41% Nov
13% Mar
53% July 2
15% May 20
5
1942
Highest
31%
„
2% Mar 29
36
Jan 20
7% Jan.>7
Pictures
preferred
Previous
$ per share
50% Apr 30
18% May 25
13
May 29
5
% Jan
—50
preferred
Bros
12
15% Jan
for
Year
Lowest
$ per share
2
38% Jan
No par
—No par
Warren
i
;14%
2%
.
$ per share
No par
Ward Baking Co cl A
Class B
;
12%
2%
51%
14%
88'A
*88%
2'A
Par
Wall* (H) Good & W Ltd
No par
Div redeem preferred—No par'
200
2%
2%
*49%
Range Since January 1
Lowest
Highest
'
Walworth Co
700
/
51 %
2%
49%
50
.
Range
STOCK
•/•
4,300
18
14%
•
8%
.
49'A
18%
YORK
EXCHANGE
Shares
share
8%-
8"%
STOCKS
"
NEW
the Week
49
*2%
50
■'14%%'15 •
88'A
88%
13
8%
49
*17%
12
12
12-
per
Sales for
>
July 2
49%
2%
.
49%
49%
$
share
48'A
8%
v
18'A V
2%
July 1
*17%
8%
48 %
11%
$ per
share
s per
share
Friday
Thursday
.
47%
8%
*47'A
18 %
June 30
June 29
June 28
63
RECORD
:
Wednesday
Tuesday
Monday
Saturday
June 26
\
,
PRICES
SALE
HIGH
AND
CHRONICLE
8%
Dec
80% Oct
May
'
*27%
i8
*21%
21%
*15%
16
*23%_24
-r
24%
24%
*73%
25%
*75
76
16%
17%
73%
/
*73
500
Fdy & Pipe
Washington Gas Lt Co
16%
500
Waukesha Motor Co-*
23%
23%
24
24%
900
Wayne. Pump Co
6%
6%
26 ;
16-
*23%
23%
;6%
6%
25
25%
20%
'■ 76
*75%
6%
•
24%
21%
•
'
25%
;
*75
76
*75%
■
16%
16%
16%
16%
73%
74
74%
74%
90%
91
91%
92 ..A
16%
17
76%
77%
77%
78%
79%
116 %
116%
116%
116%
116%
116%
15%
15%
15%
15%
15%
108
.15%
108
27%
28
,28
*4%
n
107
107
108
:
5107
108
*27%
27%
28
■
39
27%
27'A
*27
111%
111%
91%
*91%
65
,
23%
65
64%
19
-
/,:
5
93
/
*92
93
23
64
19%
19
*23%
24
*23%
,
*4%
5
5
•
8%
9%
13%
14%
tfl%
preferred—-
120
*116%
120
Telegraph
Westinghouse Air Brake
Westlnghouse El & Mfg—1st preferred
—
50 *' / 81
——50
120
Jan
Jan
2
5
Jan
12
Union
9,700
6,300
Weston
4bo
Westvaco Chlor Prod
390
$4,50 preferred—
Wheeling & L Erie Ry Co
5 % % conv preferred
Instrument——12.50'
Else
31
19
78
Mar 10
92
July 1
82% July 2
Jan
5
Jan
2
Jan 12
Jan
2
90
40%
20%
5
4%
8%
14%
3
6% Apr
11% Apr
-
Jan
Jan
4
100
136
24
24%
41%
42.
125
*111
125
*111
68
68
*67%
68
*28%
15
-
*99
16%
14%
14%
36%
".
37%
:'67%
*67%
/37%
37%
-
28%
17%
f.
-
37%
92
92
15%
15%
91
91
90
91 %
91%
15%-
15%
15%
15%
15%
15%
34
34
33%
33%
34 %
34%
D5
,4%
4
4%
a
•Bid and asked
reduced from
4
4%
4
'
4
4%
prices; no sales on this day.
-
t In receivership,
a
300
1,500
/M
Young Spring & Wire
Youngstown S & T
I
80
1
17%
58%
Dec
5
12% July
Cash sale,
s
2
4
'8
115
21% Jan 13
Bonds
$5,687,000
$232,000
11,290,400
942,410
Bonds
Jan
i
Special sales,
8
348,000
11,000
9,917,500
306,000
71,700
x
19,000
14,361,100
11,493,000
380,000
5,200
253,000
9,000
Dec
21% Jan
.
July
117
Mar
54
Jan
57% Jan
Dec
7%
Nov
37%
Jan
Jan
7
May
19% Jan
12
35% July
1
Oct
Jun
78
4% May 10
23%
14% Nov
Apr
16% Jun
8%
Feb
1% May
t Called for redemption,
87
Oct
12%
Jan
20
2%
Deo
Jan
t Unit of trading
$63,157,100
$1,808,000
$126,900
Bonds (Par Value)
Foreign
Shares)
July 2,1942
Government
Domestic
140.625
619,000
19,000
893,000
699,000
22,000
2,000
773,000
6,000
10,000
866,000
$191,000
$36,000
$4,299,000
100,000
695,000
4,000
292,200
749,000
850,000
1,468,575
Total
51,000
774,000
248,900
$65,092,000
563,000
251,755
—
;//."/;
$4,072,000
Jan. 1 to July 2
1942
T943
,
Stocks—No.
Bonds
173,529,677
of
shares
;'f///'■::
../■■■/
Total
—.
i
.
■
$34,200
$4,887,000
Domestic
1,448,000
67,049,200
72,398,000
Foreign government
63,157,100
Industrial.——.——.
-
34,403,200
1,959,106,000
1,047,883,500
$65,092,000
$1,688,100
>
—
Below are the • daily closing averages of representative stocks and bonds listed
on
20
Rail¬
trails
June
26__
June
28
June
29.-..—.
30
143.38
July
1_
July
2
roads /*
142.62
June
-
142.88
A—.
15
Total
■Utili¬
'65
ties
10
$2,369,000 $120,322,000
$88,928,500
Shocks
36.23
21.17
36.19
21.00
36.48
21.34
143,58
36.72
21.35
49.72 A
143.68
36.51
21.27
49.66
,49.16
49.39
>
Second
10
Grade
Utili¬
40
Ralls
ties
Bonds
Total
101.10
107.80
65.41
111.25
96.35
100.99
107.72,
.107.67,
/
Rails
107.65
49.60
10
10
First
trials
49.25
•\
15,000
8,394,000
7,000
708,000
478,000
$2,391,000 $129,424,000
$91,706,500
compiled by Dow, Jones & Co.:
Grade
Indus- 1
20.67
'
as
-Bohds-
35.96
143.00
-
1942
9,078,756
Averages
the New York Stock Exchange
;Y
30
$4,072,000
$4,299,000
-Stocks-
Date—
1943
44,048,78.7
36,000
Total
Stock and Dond
Indus-
246,785
191,000
Foreign corporate
$35,885,400 $2,027,843,300 $1,125,168,500
i
1,468,575
Bonds
$126,900
1,808,000
:
Jan. 1 to July 2
52,698,671
:
-
Foreign
July 2
1942
~
1942 1
1943
1,530,643
Total
$449,000
$5,000
281,605
Wednesday
Thursday
Foreign
Corporate
$8,000
$441,000
253,490
Monday
10,978,100
5,377,789.
31
125
121%
92% Jun
Saturday
11,878,200
10,716,100
shares
t'
15% Jan
2
Ex-rights,
Oct
Jan
Jan
4
y
24
Jan
Jan
Ex-dividends,
110%
62
9% Jan
2
Jan
Apr
No par
Jan
6%
73% Jan
39
5
2
Dec
2% Oct
8% Dee
104
28%
1
Jan
Jan
Jan
Jun
39% Apr
4
5% Nov
3%
53
22%
2%
80
Jan
82
15% Jan
Jun
Apr
100
Jan
15% pec
44
10%
Week Ended
,,,
21% May
14% Jun
117
Nov
106
Nov
42% jun
111%
6
10,295,200
289,000
Week Ended July 2
.
7
12
22
1
13
20
23
Jun
16% Dec
30V# May 10
of
11,649,400
1943
i.:
107%
2
1
18% Jun
Jan
69 '/a
.
Daily, Weekly and Yearly
Wee7c Ended
$5,930,000
14,p53,100
-
$11,000
5,377,789
Total.
/.
Sep
Sep
131% Apr
15% Jun
(Number
Sales
892,679
*
3%
51
Apr
Jan
27% Feb
6
2
12% Jan
30
Bond
1,152,580
Friday
*
4% Apr
118% Jan 42
7% Jan
4
1
Total
Bonds
1,029,060
Government
Apr
40
May
15% Apr
1% Apr
1% Aug
7
24% July
42
July
24% May
145
Jun
130
Jun
/ 54
Jun
57% Jun
108
Apr
70
Mar
.
Mar
1%
8!/# Jun
7
77% May 10
Jan
9
Jan
2
Jan 20
Feb 15
Feb 24
Jan
9
Jan
9
Jan 15
Jan- 4
Jun
3
7
Apr 30
11% Apr
93
12
May 24
5% Jun
50
July
Stocks
553,500
—
of
Dec
No par
Zenith Radio Corp
r
Jan
Jan
31% Jan
108% Oct
Dec
8
Dec
Transactions at the New York Curb Exchange
Government
Foreign
—
Wednesday——------Thursday——-——A—
t
Mar
1
9% Jun 28
14% Jun 28
.
83
100% Jun
2Jj% Apr 30
2
Jan
'
25
Zonifce Products Corp-.
^
807,560
Saturday.
ft
22
Oct
127
Jan
32% Dec
Apr
July
86
27
No par
Steel Door
4,400
New Stock,
United States
Railroad
and Miscel.
Shares
Railroad
23
5% Jun
6
Jan
—100
preferred series A—
Youngstown
Exchange
Stocks,
Number o]
Week Ended July 2,1943
"
63% Apr
109
Aug
42%
2
Jan
Jan
^No par
3,700
4
n
t5%%
370
3,100
-
Jan
115
100
—
£2,400
35%
4
pfd
Yale St Towne Mfg. Co
Yellow Truck Si Coach cl B
Preferred
40
Daily, Weekly and Yearly
S.
19'A Feb
6
8
Jan
8
Jan 15
Jan 19
8% Jan
30
13% May
A Name changed to Sinclair Oil Corp.
100 to 10 shares.-
Transactions at the New York Stock
•/
Apr
4% May
Feb
21% Mar 30
2
Jan
20
Dec
3% Jan
2
Apr
5
9
-10 ~
,2,000
15%
35
Deferred delivery.
No par
92
-
15%
4
No par
Co
39
' 38%
'V
92 /
35%
"20
18,600
17 V#
—5
.
*
28%
-
,
-
i
..
*125% 126%
14%
14%
-
I ioo
f
68
.
preferred—'————<r20
Jan
Feb
104%
23%
23% July
67% Apr
20
Jun
Jan 14
17%
Woolworth (F W) Co
10
" 30%
Worthington P & M (Del)
No par Vi- 16%
7% preferred A—
100
112%
6% preferred B—
100
109
Prior pfd 4%% series
100
44%
Prior pfd4_% ft Conv series.:—100
46
No par
88
Wright Aeronautical
Wrigley (Wm) Jr (Del)
No par
58%
40
•|
102
28%
16%
38%
15%
56
No par
Woodward Iron Co-—————10
2,000
I
52%
*67%
«
17
91
-91
68:
28%
-
15%
'34%
60
93
2
5
3%
2%
'
40
x20%
2%
2%
8
4%
57%
—1
$6 preferred
117
,
*99
-
*125% 126%
14%
14%
>
v
.
102
*99
•
91
«
29% May 5
112% Jun 23
9
13% Jan
"
No par
Wilson & Co Inc
10,900
A
22%
*55
conv
Wisconsin El Pow 6%
41%
52%
■V
Spr Co
Mach.Corp—
preferred
Wilson-Jones
1,200
135
*111
56
1
Min
—
|." 300
'
28
28%
16%
17
126% 126%14%
14%
28%
16%
126%
28%
*
Jan
15
Willys-Overland Motors
1
conv preferred
——10
9,000
24%
.
21%
53'/
*55
2,700
120
*125
*52%
53
56:
102
67%
68
*125'A
'
15
38
98
*67%
17
37%
14%
"37%
*55
98
*125% 126%
125%
*52%
56
22%
117
*111
117
53
*55!/#
29
16%
29
\ 16%/', 16%
'
1 •/
3
18
Sep
12% May
5
Jan
93
113% Jan
Sep
97
39% Jun 30
Jan
58% Jan
No par
Wilcox Oil & Gas Co
1'6,800
| 200
22%
*111
102
;
*116%
125
*98
.
.68,400
120
129
t$4
Prior
8%
*116%
*111
20
5%
120
41
300
5
11%
41%
White Rock
|
7%
75%
21%
U.
Apr
3
July
Jun
10% Not
91
Jan
Jan
May
10%
39% July 2
24"% May 29
7
18
85
S) ——20
White Sewing
14%
7%
22%
900
8%
5%
11%
128%
Stocks—No.
36
102
109
May 22
29% Jun 14
26% Mar 4
106% Jan 15
>52
Mar 13
"
No par
White Motor Co
15,000
13%
8%*
14%
75%
22'A
*52%
White Dental Mfg (The S
200
8
41
—
24
11
128%
102
*23%
76
22
*96
24
7%
22%
460
J
\
*10%
*122
57
74
*75%,
8
' " 22%
128%
'53%
*70
75%
/
*124
*55
No par
No par
100
100
Wheeling Steel Corp
$5 conv prior pref
j
ll
*116%
}
.
4%
4%
g
8%
11
41
*23%
22%
*52%
150
12,100
7
*6%
-v.
5
70
70
128%
.57
---
20'A
7
14%
*74%
120
23%
20%
7
22
*55
i
:
23%
»
19%
*123
*52% '53%
■
19%
128%
22
i
'i
i
>
64%
40%
40%
22% i22%
,
*92
■
64 %
*4%
24
7%
8
40%
>
8%
22% ' 22%
40%
57
*18%
72
14
11
*116%
>:
27%
110%
19%
6%
;
4%
5
75%
11
22
22
22
Monday
Tuesday—
*
100 r
103
10"
19
100 /
2%
100
5%
100'/
26%
No par
/ 15%
—
Auto
400
64%
*4% ; ..5.:'. "
9
*74%
,
i
14%
7%
8%
8
,
8%
14
11%
4
Mar 29
39 %
64%
20%
6%
*70
8%
34
Jun
.16
131%
*18%
19%
*18%
19%
18%
75%
.14%
119
Western
900
>99%
110%
23%
72
*11%
>37
,
*25%
93
23%
*70
*74%
29
8
Supply Co
Western Maryland
4% 2d preferred
32,700
23%
.
*50
64
65
*19.
23%
v;/,//
27
111%
93
75%
11%
125%
2
Western
2,200
i
39%
99
23
23%
*124
t
.104
May
'
5
75 %
i
15
7% Aug
34
Apr
41% Apr
Jan
•
*38%
56
6%
*11
22
*50
6%
*74
*116%
*25%
*110%
57
5
8%
7%
27
112
64%
13%
-a
27
67/8
23%
£ 5
.
8%
13%
July
Jan
17% Jun
Jan
preferred
131%
•
39%
112
5%
*70
-23%
...
100
*50
*4%
5%
74%
<:
4%
10%
*10
135<
39%.
1/
/■:.
6%
1*23
99%
*131
39%
57
27%
22-%
19%
19
-7
*70
99%
133
39%
112
'
*91%
.
■
19%
*18%
19%
5%
132%
38
112
*27
.
93
22%
*6%.
97%
97%
135
*50
27%
111%
111%
22% i 22%
18%
800
4%
23%
37%
57
64%
3
1%
*
*50
*19
5 if
23%
:?; 4%
1
40
28%
28
23%
*130
:
57
91%
Oct
Not
20% Jan
*71% Not
57
preferred——u——100
6%
/
108 %
*107%
28
23%
96%
97
/ 133
*38
14
18
59% May
109
West Va
7%
Feb
19
11% Jan
2
100
tWest Penn Pr Co 4V2% pfd
700
23%
23%
38%
26% July
/
Jan
76% May 19
Jan 21
100
310
38%
22%
96
4
39% Jan
Oct
13% Jun
12
6% Jun 25
Pulp & Pap Co—No par11% Jan 15
720
10%
23%
133
;
5
•
39%
23%
96%
24%
1
3
4
4
4
West Penn'El class "A——No par
"
135%
4
8% Jan
50% Jan
67% Jan
82%
20,500
69
Corp—-----—1
116% 117
15%
..15%
.
10%
23%
*10
.
>
15%
36%
36%
*50
West Indies Sugar
91%
108
%
preferred-——.—No par
250
37 %
35%
*37%
$4 eenv
-
760
10%
35%
96Vs
200
92
36
10%
35%
*133
par
Wesson Oil & Snowdrift——No par
9,600
I
75%
*4%
4%.
10%'
5
No
.16%
10%
10%
35%
22%
.
Eisenlohr
16%
5
*9%
35%
■
,:
'10%
4%
4%
78
78
*107
.
28%
*27%
—1
81
117
15%
28
,
.75%
c
80
116%
*107
76
Webster
'
15%
77
I 2,500
.
26%
76
75
90%
90
116%
/
6%
».
25%
.
r.
73%
>
*15%
77
28%
6%
•
76
116%
...
<
.
•
90
89%
88
74
22
16%
16
'
17
;
21%
16
515%
6% ;
■
76
.
16%
•
73%
88'
24
6%
21% /
21%
;21%
15%
23% V 23%
,
6%
i,
*28
•
21%
15%
.r
16
24%'
6%
28%
*28
28
*21%
21%-
*23%.
-
,6%
27%
28
*27%
,21%
*15%
•
65.37
111.24
96.33
101.31
65.22
111.26
96.40
101.19
65.46
111.22
96.39
107.61
101.54
65.69
111.16
96.50
107.61,
101.75
65.55
111.25
96.54
>
2,300,000
THE
64
Bond Record
COMMERCIAL & FINANCIAL CHRONICLE
New York Stock Exchange
«»
-1 WEEKLY
FRIDAY
the
Italic
The
"and
are
letters in the column headed
BONDS
•
-
'
i
Friday
V
Week Ended July
2
Last
Interest
New York Stock Exchange
.
Cash and deferred delivery sales are disregarded in the week's range, unless they are the only transactions of
in the week in which they occur. No account is taken of such sales in computing the range for the year.
"Interest Period" indicate in each case the month when the bonds mature.
,
,
>■
i
interest"—except for income and defaulted bonds.
week, and when outside of the regular weekly range are shown in a footnote
Prices
NOTICE
..
Monday, July 5, 1943
Period
i
.
Sale Price
i<
t. S. Government
Tret
t
<ry
i
try
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
105.28
106
106.7
104.14 104.15
1948-1951
1951-1954
1956-1959
1958-1963
1960-1965
—.—-—.1945
—1948
1949-1953
1950-1952
1952-1954
4:—-1956-1958
i
1962-1967
1
1963-1968
J-D
*110.4
110.6
103.10 109.11
MS
*112.7
112.9
103.15
111.10
112.9
108.21
111.16
103.26
Treasury 2s
Treasury 2s—
Treasury 2s
2s
Home Owners' Loan
109.9
104.5
104.26
107.6
Sold
High
A-0
23%
23%
1962
sinking fund 6s
Bonds
Friday's
>1962
A-O
22%
22%
1963
:
Range Since
January 1
No.
Low
M-N
:
assented
23%
22%
1
High
23%
19
26
18%
25%
20%
26
1963
25%
22
4
19%
25
21
21
2
17%
J-D
20%
20%
24%
J-D
20%
22 >'
1
1961
17
24%
1961
„
18%
22
J-D
1961
A6%s assented
20
J-D
1957
6%s
M-N
1957
Vis assented
A-O
20
24%
J-D
106
108.2
106.31
106.20
V*/
.
107.13
22
22%
*20
M-N
M-N
24%
i960
M-S
A Chilean Cons Munlc
A 7s
7s
assented.™
1960
—..Oct 1961
1928™
A 6s
of
1927
external
3s
A Colombia
.
Jan
f $
s
64
64
47
47%
Mtge Bank 6 Vis
1947
A-O
1946
M-N
\
1947
F-A
:KfV
25
100.3
100.21
1952
J-D
100.15 100.17
29
100.6
100.22
1953
M-N
101.3
21
100.15
101.13
ACosta
1951
M-N
104.30
105.7
Cuba
(Republic of) 5s of 1904
1944
101.25
101.25
External 5s of 1914 series A
1949
F-A
106.23
107.8
External
4 Vis
1949
F-A
debt
1977
J-D
*102.9
21
*106.30 107
J- J
102.11
107.8
J-D
'■
2
107.8
J-D
*102.4
4Vis
*104.15 104.17
MS
102.6
101.14 10U4
—
(Rep of)
loan
external
7s
Sinking fund 5Vis
(Rep of) 8s ser A.1951
ASinking fund 8s series B
_1952
A Czechoslovakia
*101.12 101.14
102.7
102.28
*101.10 101.12
100.14
100.23
J-D
♦101.7
101.9
100.15
101.1
101.3
100.23
100.23
External
100.9
100.27
External gold 4Vis
M-S
*101.1
M-S
*100.30 101
J-D
J-D
JADominican Rep Cust Ad 5%s
103.16
§Alst series 5%s of
100.9
100.16
§A2d
series
sink
fund
M-S
5Vis
*101.27 101.29
*102.4
1st
1
"v;
3
94%
*50
72%
104%
107
106%
130%
54
:
57
85%
1
72
14
62%
69%
•
67
45
42%
42
53%
——
60%
52
47%
108
60
•
65%
54
30%
'
mm--
d62
96%
38%
'mm
'mm-
•
101%
■m*.'
102% 103
,
149
■
mm
<
29
28
96%
1942
M-S
A-O
1940
A-O
1961
M-S
A-O
•v'
*61
..•V
A-O
5Vis
series
mm'
*
64
86%
mm
>.
-f"
''(■
85 Vi
,
'
mm
85%
*85
-
"■
■
■mm'
r,
85%
+
—
"mm
mm
12
•
.
■
86
72
1
mm
85%
'
5Vis 2d series
102.6
AEstonia
M-N
102.2
J-D
———1945-1947
(Republic of)
7s
_„_1967
Finland
(Republic) extl 6s
French Republic 7s stamped
7s unstamped
102.2
*101.15 101.17
York City
Greek
Transit Unification Issuer—
.1945
1949
1949
'
'mm
J-J
*27
M-S
*99
;
V"
'■
30.
95
'
....
'Jmm
■
18%
-
mm
■mm
—
,
-
97
™
100
Government—
part paid
part paid
(Republic) s f 6s series A
Helslngfors (City) extl 6%s
1964
1968
1960
A-O
Irish Free State extl
1960
M-N
94%
94%
1
1957
A-O
16
16
1
11
an
"
-
active interest in
1954
J-D
22%
22%
22%
4
15%
23%
Mendoza
'
South American
'
•
'
i >
••
1954
J-D
89%
89
89%
4
82%
91 %;
1943
M-N
10%
10%
(Colombia) 6%s
(Prov) 4s readjusted
Irrigation—
A4%s stamped assented
AMexico
;%Rr
Foreign Securities
extl 5s of 1899 £
1943
Q-J
AAssenting 5s of 1899
AAssenting 4s of 1904
AAssenting 4s of 1910
8 A Treasury 6s of 1913 assent
Mlnas Geraes (State)—
<
'ilsfv
Wertheim & Co.
1945
1954
1945
1933
Q-J
J-D
J-J
J-J
1958
1959
external
s
f 6 Vis
s
f 6%s
AMontevideo
1-1693
A6s
(City)
Govt.
Foreign
External
Municipal
&
F-A
A-O
External sec s f 7s 2d series—1957
A-O
f 7s 3rd series__1957
A-O
16
23%
J-D
42
54
A External
sec
s
loan 4Vis
f
S
f extl conv loan 4s Feb
conv
S f extl conv loan 4s Apr
External
of
5s
External g 4%s
24
15%
1957
1958
15%
23%
96% 100%
88%
89%
20
84%
91
79%
80
31
78 %
84
80
79%
80
21
79
83%
91%
91%
92%
27
82
M-S
91%
91%
92%
16
83%
94
88
88%
15
79
91
'mm f
M-N
,™™1949
sink
4s
s
—
M-S
1955
-1955
f 6s
External s f 7s
>98
—-
v
AExternal
A 7s
s
J-D
,
94
96%
99%
96%
98%
_w
*98
'
fund
4Vis
J-D
F-A
J-D
M-N
78
external s f $ bonds
1984
J-J
(Dom of) 30-yr 4s
1960
A-O
2j%s
1943
1961
1944
1967 '
1968
3%s
7-year 2%s
30-year 3s
30-year 3s
25-year
F-A
;
;
J-J
J-J
J-J
M-N
2 Vis
Jan
15
1948
Jan
15
1953
3s
Jan
15
1958
J-J
Oslo
(City) sink fund 4%s
1954
1.
100 7/a
.
—.
v
A 6s
A Extl
A 6s
For
12
34%
92
87
51%
91%
91
83
90%
95
87
94
•'
;
-
APernambuco
103%
75%
V 17
69%
76
74%
3
70
76%
78
5
71%
78%
60
60%
6
48%
60%
7
.
109% 109%
107%
109%
assented
M-N
A-O
7s
(State of)
6s
assented
Feb
101% 101%
100%
100%
101%
102
lAPoland (Rep of) gold 6s
A4Vi8 assented
A Stabilization loan s f 7s
AExternal sink fund
assented
APorto Alegre (City of)
AExternal loan 7Vis
assented
footnotes
8s
see
page
1947
Rio Grande do Sul
1968
external loan of 1926
loan
Santa Fe external sink fund 4s
(City of Brazil) 8s
A6Vis extl secured s f
ASao Paulo
(State)
8s
1
7s
Serbs Croats & Slovenes
A 8s secured external
97%
102%
A7s
104 Vi
A Silesia
5
100% 104
series B sec extl
(Prov of)
extl
A4Vis assented
1961
F-A
Jan
1961
J-J
AUruguay
6s
AExternal sink fund
6s
26%
3%s-4-4Vis
—
22%
18%
25%
1
20%
26
21"
22%
^ i
--
r
....
18%
25%
20
26%
1961
J-J
22%
22%
22%
95
18%
25%
Sep
1961
M-S
23%
23%
23%
•1
20%
25%
68.
YS
—
22%
22%
25
18%
25%
95
3
77%
89%
6
80%
87%
71
86
72
79%
72%
73
■
*85
&
mm
85%
89%
87%
****■■-':■
••
81
*79
~
—
*81
*81
mm
i
'■
'
-
'
M.M.
2
81%
106
*104
'
•MM
•
81%
81%
v
External
External
3%-4%-4&
conversion
extl conv
4-4%-4%s extl readjustment
3Vis extl readjustment
AWarsaw
(City)
A4Vis assented
external 7s
84
73
90
104
mm
104
26%
26
20
14%
13%
28
24%
12%
23%
13
23%
15
16
*16
M.M.
*21%
'
23
'
MM.
16%
*15%
'
MM
~5
16
16
•mm
mm"
.
15%
27%
*23%
mm'
mm
15%
•
18.
27%
15%
17%
15
20%
14
121/4
16%
17%
4
29
30
17%
30
30
M.M
96%
97%
14
50
*45
'
23
mm
1
18
35%
13
97 Vi
90%
97%
28%
28%
5
18%
31
27%
27%
27%
46
16%
30
A-O
J-D
M-N
J-D
31
31
31
20
33%
28
28
28%
10
17
31%
29
28%
29
20
18
31%
29
28%
29
14
17%
M-S
M-N
M-N
J-J
•MM.'
'
77
77
11
73%
80%
mm
' '
33%
18%
34
29%
29%
17%
33
44%
44%
5
41
52%
42%
42%
12
32
-
1967
1964
1952
1957
1936
J-J
M-S
J-J
■
*29
■:
mm
44%
•
:
48%
■>'mm
29%
48%
46%
38%
10
29%
67%
68
22
62
71
M-N
M-N
*15%
16
10
17%
J-D
J-D
*11%
A-O
M-N
1979
M-N
1978
J-D
1978
F-A
/ J-J
F-A
F-A
1958
31
38%
1979
1984
1958
3
*'
mm
'
68
15%
13
,
13%
mm
i",
'
—
*85
67%
68v4
i'.-V
66
87
87
85%
88
64
Vi
72%
61%
67%
60
68
66
72
2
71%
mm'
*
64%
M.M.
*n%
13%
11
94%
'
62
*68
11
85
78
mm
68%
63%
13%
84
mm
~
™
63
i
MM.
11%
k "■*•••:
mm
*62%
17%
MM
1
94
*88
11
2
15%
13
*85
($ bonds of 1937)—
readjustment
70
™-;--
M-N
M-N
AExternal sink fund
25%
101%
A-O
F-A
1960
1964
26
18%
43
'•
92
101
89%
F-A
F-A
20%
23%
82%
100%
mm
87%
mm-
mm
M-N
F-A
1955
1946
(Republic) extl 8s
20%
22%
■
*94% 100
mm-
A-O
A-O
A-O
1956
1968
—1940
(Kingdom)—
1962
1962
7s
1958
1958
2
;
1966
1950
external
a
84
93
'
1946
26
22
100%
(State of)—
external sink fund gold
8 A Secured
90
100%
mm
101
*100
J-J
extl loan of 1921
23%
23%
92
*100
——
A-O
1961
A 8s
22%
™
*90 %
mj'
J-J
J-J
J-D
1950
1963
(City of Greater) 7Vis—1952
Queensland (State) extl 6s
1947
ARio de Janeiro (City of) 8s
1946
A Extl sec 6 Vis
1953
23%
22
Sep 1961
mmi
1940
1958
APrague
101%
Jan
sinking fund 6s
1959
1966
gold 8s
A4 Vis assented
22%
A-O
Feb
f 6s_.„
1947
1968
A4Vis assented
A 8s
32%
89%
82%
4
'
53
8ASan Paulo
17
32%
84
113
101%
25
91
;
.52
2
103% 103%
1
21%
municipal
12'%
15%
18%
3
90;
91
15%
18%
—
20%
2
•
30 Vi
90
20%
22
102%
104% 104 %
30%
*84
12%
12%
11%
6
19%
extl water loan
"97%
31%
19%
extl dollar loan
•
31
—
12%
14
20%
A 6s
5
51
20%
A7s
F-A
97
9
—
10%
105
mm
13%
*15%
J-D
101%
'
26
12%
12%
™
t
10
10%
M-S
101%
1961
70
12%
13%
10%
A-O
100%
1960
sinking fund
62%
J.-;v
13%
mm
1961
external 7s
(Rep of)
2
*22%
—
85
85
-
0
15
*14
":>vi'vv
•»-—
M-S
M-S
4
*100% 104%
J-D
A-O
1967
100% 100%
*20%
23%
24
68%
mm
1960
A7s
68%
102
'"il
80
ANat Loan extl s f 6s 2d ser
A7s
9
mm
M-N
M-N
J-D
ANat loan extl s f 6s
92%
74%
74%
'
101%
..
1st ser
APeru
92%
73%
74%
101% 101%
M-N
1960
f 7s
sinking fund 6s
s
46
1955
A Stamped assented 5s
Stamp mod 3%s ext to
104% 104%
J-J
1942
1942
s
^7s assented
iitis
44%
1970
A-O
F-A
extl s f 5s ser A.1963
1963
1994
(Rep)
APanama
Sydney (City) s f 5Vis
8s
External
ARy external
51%
78
109%
J-J
A Extl
50%
34
74
J-J
3s
A 6s
34
50
*80
1975
AExternal
38
*92
mm
74%
(City)
45%
45%
mm
F-A
A-O
f 4%-4%s
(Rep)
44%
44%
*
«...
1976
1976
AChile
1963
A 6s
Refunding s f 4%-4Vis
External readj 4%-4%s
External s f 4Vi-4%s
A Carlsbad
53
45%
M-8
M-8
10-year
100
36%
*90%
1952
1977
Canada
97
93
45%
M-S
s
1956
.^1965
Municipal Bank extl s f 5s
99%
48
45%
A-O
1958
1950
99%
46%
A-O
r—1957
s
*98
48
J-D
1961
External
3%
.
1957
f 5s
Sinking fund gold 5s
Sinking fund gold 6s
Buenos Aires (Province of)—
A 6s stamped
(City)
.
1957
f 6 Vis of 1927
(Central Ry)
Brisbane
J-J
1941
SABrazil (U S of) external 8s
AExternal s f 6Vis of 1926
F-A
M-S
extl loan
sink fund
'
External
F-A
..
Ext sec ref 3%s series B
J-J
5s of '25-1955
1957
of 1928——1956
1943
5s
23%
16
F-A
A-O
1944
f
External sink fund
M-N
M-.V
F-A
A-O
15%'
12
——
(State)—
6s
24
A-O
1927
Belgium external 6Vis
24
16
J-J
(Commonw'lth)
Australia
15%
J -J
1948
1971
1972
1972
S f external 4Vis
S
24
J -J
1958
Argentine (National Government)—
s
External
15 %
M-N
f 5s
External
M-8
J-J
(City) external 5s
AAntwerp
1
22
82
J-D
-.1959
Norway external 6s
1947
i AGtd sink fund 6s——
—1948
Akershus (King of Norway) 4s
1968
AAntioquia (Dept) coll 7s A
1945
A External s f 7s series B
1945
A External s f 7s series C
1945
A External s f 7s series D
1945
A External s f 7s 1st series
1957
A
s
External
(Colombia)—
sink fund 6s
1952
7s
series A
New South Wales
AGtd
•
■
M-S
(US)
ASec external
Teletype
NY
:120
Agricultural Mtge Bank
22
21%
20%
*75
♦55
mm
M-S
A Sec
Members New York Stock Exchange
Broadway, New York
Telephone
7s
A-O
Mexican
and other
REctor 2-2300
1952
f 5s
s
AJugoslavla (State Mtge Bk)
22
22
21%
'
Haiti
We maintain
!
17%
AMedellln
103% 107%
141
106% 107%
A7s
A6s
107%
.1980
':.V>
if!
99
'
•99
>
—
>
•
-
89%-
:
.*60
J-D
31
'
Corporate Stock
3%
fl
52
100%
2
S'mm
*51%
mm
54
19
■mm*
104% 104%
d62
37
?
1
39
■■
1
V.."
mm
^
*133
—-
_1940
1926
£•
24%
37
30%
40
'
Customs Admin 5%s 2d series
M-N
96%
104%
1969
103.16
47%
102% 102%
1969
100.12
L-
101.10
A-O
2
100% 100'A
F-A
1962
mm'
*102%
J-J
1955
40
24
A-O
1942
5 Vis
w
*105.13 105.15
*101.8
gold
100.12
*100.29 100.31
J-D
SADenmark 20-year extl 6s
64
48%
30%
•mm'-
47%
A-O
-—1
64
52
38%
50
——
J-J
5 Vis
52
1
29
50
*36%
J-D
wks
M-S
J-J
*36%
50
J-D
1945
Public
23%
*36%
M-S
1953
A
*104.25 104.27
J-D
Rica
/
2
64
ASinking fund 7s of 1927
Copenhagen (City) 5s
25-year gold 4Vis
18
64
63
.
64
47%
ASinking fund 7s of 1926
101.13
22%
23
J-J
104
J-D
.16%
A-O
100.17 100.21
MS
8
1961
101
J-D
24%
1970
bonds
104
104.16
17%
19%
19%
*20%''iO';
103.24
101
241/4
23%
16
(Republic of)—
Of
,
100.10
101
17%
21
17%
A-O
(Hukuang Ry) 5s
13
18%
j-d
a Chinese
21%
20%
M-S
1931
20%
1
104.16 104.16
*104.15 104.17
J-D
1944-1952
1%8 series M
a-O
1962
.
"3
MS
M-S
Corp—
3s series A
?Q61
1962
A6s
*107.12 107.14
*108
A6s assented
Guaranteed sink fund 6s
A6s assented
A
Colombia
26
107.7
*107.5
MS
MS
AGuaranteed sink fund 6s
107.10
*104.11 104.13
1944-1964
——:
New
sinking fund 6s..
ASinking fund
112.8
1
5
112.20 112.20
J-D
1944-1949
-
-
*112.7
J-D
Treasury l%s
Federal Farm Mortgage Corp—
.
»,v
112.21 112.21
J-D
111.13
110.6
112.6
*112.4
MS
1964-1969
1967-1972
1951-1953
1952-1955
1954-1956
1947
Mar 15 1948-1950
Dec 15 1948-1950
Jun 15 1949-1951
Sept 15 1949-1951
Dec. 15, 1949-1951
March 1950-1952
™™Sept 1950-1952
1951-1955
1953-1955
June 15 1948
3 Vis
or
Bid & Asked
tow
AChile Mortgage Bank 6Vis
A 6
Sale Price
112.20
Treasury 2s
"
110.20
*107.18 107.20
Treasury 2s
'3s
110.13
A 6s
Last
Period
A6s assented.
106.30
MS
Treasury 2s
Treasury
*106.5
103.3
106.6
*111.13 111.15
J-D
102.5
1
MS
2s
Treasury
J-D
AExternal
100155 I0T3I
"1
102.5
106.14 106.14
1955-1960
1945-1947
2s
Treasury
102.5
Week's Range
Interest
(Continued)—-
(Rep)
AExternal
*100.27 100.29
102.5
J-D
Chile
106.3
M-S
—
27/as
2%s
2%s
2%s
2%s
2%s
2%s
2Vis—
2 Vis..
2Vis
2Vis
2Vis
2Vis
2Vis
2Vis
2Vis
2Vis
2 Vis
2Vis
2Vis
2s
Treasury
114.1
104.29
—
1946-1948
1951-1955
Treasury 3s—...
Treasury 3s
Treasury
113.6
1
104.29 104.31
High
LOW
no.
LowHigh
Friday
New York Stock Exchange
Week Ended July 2
Range Since
January 1
Sold
*107.22 107.24
A-0
A-O
1946-1949
—1949-1952
Treasury 3%s
Treasury
3-D
1943-1945
..1944-1946
3VaS
Treasury
*
M-S
1946-1956
3%s
3%s
3 Vis—....
Treasury
Trea
Bonds
113.22 113.22
A-O
_..™1947-1952
——-—.1944-1954
Treasury 414s.
Treasury 4s
BONDS
Week's Range
or Friday's
Bid & Asked
52%
66
12
5
12
10%
13%
>.
,
:r-j(r>I T<Y<^ ./>/•
Volume
158 p
Number 4191
^
./V;
?■-
-*
THE COMMERCIAL & FINANCIAL CHRONICLE
/
65
NEW YORK BOND RECORD
O N D S
July %
Ended
Week
Last'
Interest
Period
v.
Low
No.
Friday
Interest
Stock Exchange
York
Ended
1Week
Week's Range
Last
Period
July 2
or
Friday's
Bonds
Sale Price Bid & Asked
High
Lota
,
January 1
No.
High
,
Range Since
Sold
Low
\
High
fSACarolina Central 1st gtd 4s
1953
coll tr gold 4s
J-D
M-S
•
•102
1946
F-A
5s—1943
J-D
4s series B......-.——1943
--
♦_.
•
Corp 5s w w
1950
M-N
gtd gold 4s
1981
F-A
1962
1947
J.-J
J-D
1948
J-D
51%
51
51%
::-T-
303A
55
F-A
89
88
89'A
63,
56
68%
897a
23%
50
Carriers
Cart &
1st
Celanese
1027a
Celotex Corp
10374
106
ACent
Ohio 4s
&
& Gen
Adir
104 ya
102
__
3-D
10-year deb 4Vis stamped
Gt Southern 1st cons A
Ala
M-S
Clinch
102
104% 104%
104%
1965
71%
48%
..
♦103
J-D
1947
1907
♦63 y2
J-J
767a
.70%
J-D
1953
1948
Stamped
1949
Carolina
f Abltlbl Power & Paper—
§A5s series A unstamped
Coll trust 4s of
Sold
High
New
Range Since
January 1
Companlei
Railroad and Industrial
A
Bonds
Sale Price Bid & Asked
Low
Adams Express
BONDS
Week's Range
or Friday's
Friday
;//■</;
//•//
Exchange
Stock
York
New
Corp 3'As debs
deb 4'As w w
U P 1st gold 4s
Branch
103
101 'A 103
108% 108'A
—
104
—
103
110
62
16
104%
6
101
59%
2
.48
106%
60'/a
105%
33
102%
105'A
59'A
105
>
'♦
107 Va
8
105
1017a 101%
3
98
1023A
fCentral of Georgia Ry—
105
A 1st
1967
M-N
104% 104%
101%
10472
§ A Consol gold 5s
1945
1945
M-N
41%
1972
J-J
109% 109%
108
109 %
ARef
1959
A-O
17'/4
17 y4
isy4
53
6'A
Albany Perfor Wrap Pap 6s_—1948
A-O
•66%%.
62
__i959
A-O
167s
167s
1774
1U
6'A
1948
A-O
♦66 Va
62
Albany & Susquehanna RR 3'As—1946
A-O
100 s/8 100 s/8
947a
,—1940
A-O
*99'A 100'A
93%
——1944
F-A
1st
cons
1st mtge
Alabama
3 Vis ser A_.__—.
1st mtge 3'As
Power
assented
warrants
with
6s
3%s registered
.
102
697a
102
mtge 5s
Nov
\
&
gen
5'As series B
70
ARef &
gen
5s series C
67
AChatt
Div pur money
AMoblle Div 1st
1007a
.....
1027a 102 i7a
102%
94
97 3A
21
98 y4
907a
70
502
35
53
*32'/a
35
20
373A
..I960
A-O
f ACent New Eng 1st gtd 4s!
fACentral of N J gen gold 5s
10372
..1961
J-J
1987
J-J
9874
—1950
,-3950
J-D
A-O
A-O
.—1998
Allied Stores Corp 4'As debs——1951
Allis-Chalmers Mfg conv 4s——1952
Am & Foreign Pow deb 5s——.——2030
A-O
F-A
M-S
M-3
89'A
127
1949
M-N
103%
1033A 104'/4
32
J-J
105 3A
1057a 106
26
A-O
3-D
M-S
A-O
1097a
109'A 110
60
10774
110
debentures--———
——I960
3s conv debentures
.-1956
Amer Tobacco Co deb 3s.——
1962
109'A 109.7a
24
107 y8
1097a
115
1147a 115 74
685
107
115'A
104'A
104
1047a
45
1007a
1047a
Wks & Elec 6s series A—1975
M-1V
104'A
104'A 104'A
15
98'A
104'A
5s
5s
1949
modified.
modified
A5s
income
—
Alleghany & West 1st gtd 4s
Amer I G
Cliem
Internat
5V2S
conv
1949
American Telephone & Telegraph Co.—
3Vis debentures
1961
Am
.
Corp conv 5Vis
.....
Wat
registered
85
83
85
83'A
79
83%
♦65 Va
36
60%
87
162
53 3A
84'A
62
6972
69'A
105%
10574 1057a
~8
102
106
109'A
1097a 110
20
107
AGeneral
4s
887a
78%
103 %
N
Y
33/4S
Jan
Q-J
M-S
F-A
W
A Anglo-Chilean
Nitrate deb—:
-1967
Ann Arbor 1st gold 4s
.'
1995
Ark & Memphis Ry Edge & Term 5s 1964
Armour & Co (Del) 4s B——
—1955
1st sink fund 4s series C (Del)-1957
72 %
73
73
53
.
517a
A-O
92
F-A
M-N
gold
Stamped
General
Ref
&
5s
A—
...
13
102
102
13
10374
1067a
106'/8 106%
31
1037a
107'/a
R &
Stamped 4s
Conv gold 4s of 1909
Conv
gold 4s of 1910
110%
A
1st
Div
3'As
3.!
♦102
*114 Va
105%
4s
110%
103
114%
Ill
—
.
1st
1944
30-year 5s series B
J-J
July 1952
1964
1st cons 4s
General unified 4Vis A
Second
1948
1959
4s—
Atl Gulf & W I SS coll tr 5s
Atlantic Refining
1953
deb 3s
102%
7
103
92
:
103%
102'A
—
'
104%
'
873/a
//
63
93
.73
75
85'A
73
40'A
41 Va
30
37'A
2
104'A 104'A
4
29%^: 40 l:
100% 104%
106'/a 106'A
4
104
70%
843/4
1st
37%
104%
M-S
92
673/a
34
'
91
953/4
717a
7
68'/a
36
111
83
78
7
38%
'■>
108%
927a
713A
55%
79
*71%
M-S
102'A
62
1
99'A 100
71%
72%
25
72%
M-S
133%
M-N
107'/a
106 3A 107'/a
F-A
108
107% 108
J-J
J-J
92 V2
100'/4
1337a
45%
106'A
II
♦120
3
130%
12
102%
107 %
39
102
108
1187a
121
115%
w
115%
II
.
*118
'
A-O
1949
J-J
100
J-J
102%
27%
26%
28%
784
153/4
31%
997a 100%
1949
Division
4s
92
9274
100 3/a
ref
&
*101% 102'A
1949
registered
*963A
1958
F-A
82%
1971
F-A
90%
1997
J-J
46%
1982
,
M-3
1977
series A...
5s
M-N
97
967a
1023/4
97'A
36
101%
97
963/a
99
93 3/8
101% 1023/4
1949
AGen
mtge inc
(conv)
Chicago & Erie 1st gold 5s
97%
106
81
80%
82 3A
187
65
84%
89.7a
913/a
75
737a
92%
43%
.
46%
275
977a
75
J-J
433/4
1947
74%
75%
61
66
76
45.'
79
3 8'A
457a
49
J-J
1947
51
32
31'A
51%
49
31'A
50
39
29%
6 3A
47'/a
J-J
A 1st
&
;46%
„
48%
433/4
M-N
1966
A 1st & gen 6s series B__—May 1966
Chicago Ind & Sou 50-year 4s
1956
47
,
137a
,v
J-J
14
■13%
14
27
J-J
5s series A.
gen
46%
123
118
43
■:
J-J
ARefunding 4s series C
32
♦1217a 124
J-J
Chicago Gt West 1st 4s series! A
1988
AGen inc mtge' 4'As.;
........2038
fAChic Ind & Louisville ref 6s A__1947
88
323A'
133% 1337a
J-J
ARefunding gold 5s series B
74%
•
913A
'
95%
720
Chicago & Eastern 111 RR—
*
41
V
71%
"84%
71%
J-J
mortgage
lu97a
'
90%
92
J-D
M-N
J-J
J-J
Atlantic & Danville Ry 1st 4s——1948
110^5 1123/4
110 '
——
111
103% 103%
103%
M-S
—Oct 1952
L & N coll gold 4s
♦102.20
J-J
—1944
1st 4'As A
Atl & Charl A L
Atlantic Coast
*110.16 111.16
*109
94'A
1949
1st & ref 4%s series B_.
•
M-S
J-D
Cal-Ariz 1st & ref 4VaS A--—1962
Atl Knox & Nor 1st gold 5s——1946
58
1989
.1989
gold 4s
cons
General 4s
110
105
13
108%
1946
registered
Illinois
'
110
110'/a 110'A
10
Chicago Burlington & Quincy RR—
1067a
110
30%
'
1996
gold 4s
JAChicago & Alton RR ref 3s
106 %
95'A
J-J
—1958
1st 4s
Trans-Con Short L
967a
15
J-D
—1960
—
lll'A
1
1053/4 1063/a
1053/4
J-D
1955
1905
Conv 4s of
__
16'/8
72%
.1992
2d consol
118%
160
106% 106'A
118'/a 118'A
118%
33
1996
4'As
gold
Potts Creek Br 1st 4s
69 VA
Nov
M-N
J-D
1995
1995
.—-1955
3274
.....
impt mtge 3'As D
impt M 3'As series E
Ref &
74
106'/a
A-O
1995
4s
Adjustment gold 4s
16 3A
Chesapeake & Ohio Ry—
Topeka & Santa Fe—
General
74
v
71
61
35
68 y8
SACeniral RR & Bank'g of Ga 5s__1942
Guaranteed
10674
69 »A
40%
34
31%
v
32
1954
1960
91
106
*10178
84 3A
18%
95
Illinois division 3'As
Atchison
J-J
F-A
Through Short L 1st gtd 4s
106
69'A
71
83
.
1st ref gtd gold 4s_1949
Central Pacific
105'A
55
37
108'A 1037a
34
A-0
Power
1117a
84
353A
1987
...
1107a
d813A
36 y8
|
1962
1067a
104
registered.
Central
110
89%
1987
4s
*11174
83
29
1987
Certain-teed Prod 5'As A..—.....1948
3%s
Am
5s
'
*
19%
55
Central Illinois Light 3%s
modified
193A
*523/a
99
Alleghany Corp—
5s
,,
J-J
1946
,
42
J-D
gold 4s._1951
gold 5s
.41
91
90'A
91
34
633A
63%
12.y0- 13'/a
109
15'A
.
6%.
15%
663/8 " 91
fChicago Milwaukee & St Paul.■—May 1 1989
J-J
AGen
gold 3'As series B„May 11989
J-J
A.Gen
4'As
series C_;
_May 1 1989
J-J
AGen
4'As
series
E
May 1 1989
AGen
43/4S
series
f
May 11989
AGen
B
1st
Ohio RR—
&
Baltimore
i
July 1948
mtge gold 4s
1946)
Sep 1,1946)
753A
51
76
6072
J-D
41%'
41%
44'A
248
327a
52%
J-D
46 3A
W:
46 3A
487a
86
353A
M-S
413A
417a
43'A
99
327a
41%
417a
44
51
327a
52'A
F-A
32%
32%
33 3A
56
24'A
37%
M-N
65
647a
65%
62
51'A
70
fChicago & North Western Ry—
AGeneral gold 3'As
52'A
M-S
Feb 1 1960
57'/a
113:
58'A
29
57% -58 Va
-
40% i 62
1st gtd 3s__1989
1951
Bell Telep of Pa 5s series B__.—.1948
1st & ref 5s series C
1960
Beneficial Indus Loan 2'As
1950
23As debentures
1956
Beth Steel 3'/aS conv debs
1952
Beech Creek extl
Consol mtge
Consol
mtge
Consol mtge
1st gold 3V2S
13
22
593A
75
105'A
&' ref
4'As
1st
M
series II
5s
1955
1961
1960
July 1970
43As series JJ
4s series RR
mtge 4'/2s ser A
mtge
AInc
A-O
J-J
M-N
.
1st gold
1st
M-S
M-N
4s.—1955
1966
El 1st gold 5s
1950
f A Boston & N Y Air L 1st
Bklyn Edison cons M 3'As
Bklyn Union
Bklyn Union Gas 1st cons gold
1st lien & ref os series A
Debenture
5s_1945
1947
1957
1981
1st lien & ref 5s series B
Buffalo Gen Elec 4'As B
3'As series C—1967
Buffalo Rochester & Pgh Ry—
Buffalo
.
Niag Elec
| Stamped
modified
1946)
(interest
63
337a
63'A
59'A
12
35'A
59 %
74%
47%
1
,
39%
89
.23%
46'A
187
46'A
45'A
111
75%
44 %
46 3A
45*3/4
,
J-D
227a
47'A
47%
467a
45%
47%
84
23
12%
113/8
123/8
1,633
4
F-A
54
54
54
j-j
533/4
53'A
54%
513/4
54
15
a-o
33
32%
337a
1,427
J-D
M-N
587a
75 %
13%
;
1
463/4
58
641
337a
54
35
54
19
337a
3 6 3/a
748
20'A
AConv
1960
1951
M-N
11%
10 s/a
11%
323
4'/a
j-d
*90'/a
92
"70
90
1951
j-d
*69
70
67
75
1951
3-D
70
70
73
73'/a
8
57
57%
13
131%
6
99'A
100
98'/a
100
100
6
gold 4%s_—
Chicago St L & New Orleans 5s
Gold
3'As..!
...
Memphis Div 1st gold 4s
%' 105'A
105 74
46
103
105%
11
10374
1057a
16
1007a
1027a
4
102 %
105'/a
1
1027a
103
Chic T H & Southeastern
Income
A Certificates
103
...
Chicago
Union
7
91%
78
92'A
—
3-D
M-S
of deposit
*44
2
59
53%
13'/a
70
62%
73%
49
62
.—:
Station
—1963
J-J
109 %
109% 109%
53
1077a IIO3/4
1963
J-J
103%
103'/a 1033/4
26
100
1952.
J-J
102%
102'/a 1027a
32
947a
1027a
1962
M-S
103%.
1027a 1033/4
45
97
10374
1943
a-o
mtge 3yaS series F
Chic & West Indiana com 4s..!.-
100 »/a
57
.//.v.
mtge 33/4S series E_
1st
92
5s__'_1960
Dec 1 1960
1st
guaranteed 5s
1st & tei 47is series D....
80
737a
86 3A
39 3A
38
8
*23 V8
1
1087a
111
f AChoctaw Ok & Gulf cons 5s__.
Cincinnati Gas & Elec 3'As
404%
,""14
1037a
105'/a
Cin
1033/4
91
53
236
110% 110%
72
58
Chllds Co deb 5s-..-.--—.-.——
Debenture
41%
■
104%
106
933A
933A
106%
95
9
6
,
"10474
83 %
1023A 1037a
110'A 111
31
106%
96
Term
mtge gtd 33/8s series E
Cleve Cin Chic & St Louis Ry—
1157a
General 5s series B
111
Ref & impt 4%s series E
45
a-o
a-o
J-J
a-o
45 Va
102
35'A
50 3A
20%
69
113A
23'A
Cleveland
5
11
22'A
86
86
2
81
88'A
72
73
14
58
73
20
Jy
:r|;
.■
85
20
85
1
77
&
Series
C
3'As
iiiy8
■;-'A
84
.
1103/4
iiiv4
108 %
110%
1097a
1123/4
■
7
84
90
56
79'A
89%
85%
171
577/a
54
71
4
,
57
'
4
■
/' 90
573/4
90
79%
J-J
—
M-N
F-A
F-A
463/4
61
5
46
58%
79'A
2
65
82
1083A 108 3/4
M-N
1P90
/.'.I
59
11
„
llO'/a
83'/a
1948
1950
gtd
D
3'As
gtd__^
ref
&
108%
.
8
*
1063/a
10874
Pittsburgh RR—
Series
Gen
493/4
9
110
-
J-J
General 4 Mjs series A—.—1977
88
28%
•112% 112% /
1970
Cleveland Elec Ilium 3s
20'/a
Ya
J-J
78
38
51
'■/
J-D
1991
coll tr gold 4s__„
1st
J-D
1977
1st 4s
44
20 'A
.1955
Wab & M Div
L Div
St
M-N
gold 4s.
41
16
/'■!'
-.1993
1107a
v
8
48%
49%
1117a 111%
111%/
M-N
...1993
General
at
J-D
65
463/,
,49
f-a
,1969
1st
Cin
f-a
1st gtd 3'As D. ...1971
1037a
99
1966
63'A
48
a-o
M-N
...1967
mtge 3'As
Union
1957
1952
,
109
103%
19.
5s
_
1st
1047a
:
34
89
36 3/a
58
.1952
5s
75'A
33%
73
63%
51%
85
—
Consolidated
M-N
~6
63
59
59%
58%.
62'/a
35'A
1283A
fBurlington Cedar Rap & Nor—
Bush Terminal 1st 4s
577P
597a
597a
M-N
J-D
32%
1934
91
.1957
due
142
577a
1988
57
.I960
to
14 3A
57'A
M-N
deposit
84
.1934
3%
4Va
36%
of
gold 4s
377a
M-N
F-A
J-D
57
M-N
1927
90
J-D
32
stpd
5S
57%
M-N
..1950
gold 5s
58%
563/4
M-N
1949
1st
Railways
part paid
84 y4
F-A
M-N
F-A
M-N
,
57'A
33'A
5,915
M-S
21
*10074
307a
120
41%
14%
1952
104'/4
90
9
58'A
18'A
§ A Secured 4'As series A
1043A 1043A
913A
57'A
57%
1,954
967a
102
.103
563/4
58%
69'A
40%
827a
1027a 1027a
r-A
12 3/a
M-N
May 1 2037
C
AConv 4%s series A—
A Certificates
105
J-D
!
14%
69'A
/!;74;/:
M-N
1st
Big Sandy 1st mtge 4s—-—,—1944
Boston & Maine 1st 5s A C__
1967
a-o
69 3/8
7
45'A
§ARefunding
105
1027a
38 3A
registered..^^....i._i—...1987
AStpd 4s n p Fed inc tax
1987
AGen 43/4s stpd Fed inc tax
1987
AGen 5s stpd Fed inc tax
1987
A4'As stamped
1987
SASecured 6%s...
—1936
Alst. & ref gold 5s...—^.May. 1 2037
A 1st & ref 4'As stpd....-.May 1 2037
f A Chic R I & Pac Ry gen 4s
13
99 3A 100
100
A-O
J-J
F-A
40 3A
:'.'45"
75
1307a 1317a
A-O
f-a
r; 76'
45%
102%
100
67
60
~1
102
102%
67
66%
45'A
967a
967a
A-O
J-D
1960
37iS series H——1965
69'A
69
*45'/a
J-J
'-1959
3'As series F
3s series G
68%
68%
68%
J-J
J-J
J-D
A-O
1951
1951
stamped
4s
Battle Creek & Sturgis
66
66%
M-N
25%
RR—
66%
M-N
4s
f§AChicago
Bangor & Aroostook
Con ref 4s
44'A
1987
Alst
6174
46
67 'A
64
40%
127
J-J
4s
58 '/4
J-J
J-J
433A
;
9
67%
1987
1987
registered
AGeneral
pgh L E & W Va System—
gold 4s extended to
1951
S'west Div 1st M (int at 372%
to Jan 1 1947) due...!
—1950
Toledo Cin Div ref 4s A——1959
162
62%
66%
J-J
1975
Jan 12000
AMtge gold 5s series a
AConv adjustment 5s
3V2S
'/
643A
62'/a
66%-
.'
fChic Milw St Paul & Pac RR—
57
Ref
a
series
773A
1995
due
AConv
A-O
due—————2000
F (int at 1% to
due
1996
Sep 1 1946)
Ref & gen ser
74'A
75
(int at 1% to
D
Ref & gen ser
5974
(int at l'/a%
due
1995
due
C
ser
gen
107
73
A (int at 1% to
Ref & gen ser
Dec 1 1946)
to Dec 1
72
r
Stamped modified bonds—
1st mtge gold
(int at 4 % to
Oct 1 1946) due
July 1948
Ref &
72 V2
A-O
4s
Cleve
Short
Cleve
Line
1st gtd 4%s
Term
1st
s
f
1st
s
1972
f 4'As series C
5s series B
A-O
1961
gtd 5'As
/
105
•
!-!9lS|l'-
96
/ /. 9
•
813/a
71
97
91
25
75%
93'A
81 %
)
64%
86 5/a
1973
A-O
1977
A-O
73'A
Coal River Ry 1st gtd 4s.—
1945
COlo Fuel & Iron 5s inc mtge—.—1970
J-D
A-O
92
91'A
93
—.1980
M-N
44 3A
44'/a
46%
44
46
May 1952
M-N
1027a
gtd
!
!j
90%
80 %
'
:
105%
■'
*106
96
A-O
108
105
.
»106
108
108
__
__
—
J-J
1981
4'As series B
Union
...
72%
{
98
737a
593/4
78
1033/4
104
'
'
.1966
a-o
94'A
j-j
j-j
a-o
109 %
109 3A
1969
gtd 5s A.
a-o
1969
cons
.1962
.1957
Canada Southern
94
109%
95
1
.108%
-79
95
'!■
1153/4
107% 108
54
107'A
109
Columbia
115% 1157a
18
113%
1155/a
;
115'/a 1157s
-115%.
■■■
1155/a
7?" 15
1113/4
*103 S/8
—.
;•
I-'/1--".
•
80
933A
24%
19
46%
1093/a
f A Colo & South 4'As series A
A Certificates
of deposit
>
-
—
G
Called
E
&
deb
5s
44
bonds
370
25'A
5
46'A
1017s 102 3A
204
92'A
103'/a
1017a 1017a
—
1
1017a
10274
93 vi¬
102%
'
8-";/
.1970
Guaranteed
Guaranteed
Guaranteed
gold
gold
gold
115% 115'A
113'A
115%
Debenture
j-d
116% 116 5/8
1133/4
1165/8
Debenture 5s
.1956
f-a
1147a 1147a
lll'A
1147a
Columbus & H V
.1951
4'As_:
4'As
f-a
.1955
4%s
M-S
lll'A lll'A
110%
lll5/a
Columbus & Sou
Ohio El
112
1133/4
Columbus
1st
.1946
'i'*'
j-j
.
?
^
•
1123/4 1123A
4
85'A
36
71%
85%
101A
1013l2 1013A
83
100'A
102'/4
13
1033/4
105
85%
j-j
M-S
T946
•
;
84
footnotes
see
page
1033A
1033/4 10374
j-d
104 5/8
103 y4 1043/s
.1960
j-j
.1944
equipment trust ctfs___
For
j-j
.1954
5s
Collateral
68.
;
99 Va
98'A
99 y8
:
-
130
!-
75
Tol
ACommercial
Income
deb
Apr 15 1952
1961
1st
A-O
/'
J-J
extl gold 4s__1948
3'As
1970
M-S
1955
F-A
extl 4s
A-O
//.//";;/—7"
''■
'
hi'
II
V
•
•*' ...^
'<■
es
235
*109 5/a
__
'
■
il:
99% 101'/a
1013A
110
108'A
V.si
110
110
21
110
89
97
61
54
101%
110%
110
1123/4
Mackay Corp—
w
w
Apr 1 1969
May
105
Commonwealth Edison Co—
95% .104%
1st
91
Conv
99%
&
5s
mtge 3'As series I
debs
3'As
1968
J-D
111 Mi
111'A 111%
10
1958
J-J
1137a
1133/4 114
76
110%
1113/4
1087a 115
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, July 5, 1943
NEW YORK BOND RECORD
BONDS
New York
Stock
Exchange
Ended
Week
Interest
Period
July 2
Friday
Last
<-
or
Friday's
Low
Conn Ry &
High
4113
J-J
L 1st & ref 4 72 s——
3%s A-—.
■F-A
Conn Riyer Power s f
—
BONDS
Week's Range
Sale Price Bid & Asked
110
Sold
New York Stock
Range Since
Week
January 1
Low
No.
7
37»s
debentures
'
Refunding 5s
debentures—
3Vis
40-year 4%s
Bridge gold 4s
X-O
——
Consolidated Oil conv deb 37as—
10474
Cairo
11
1057s
1067a
Litchfield
108
105%
108 »/2 1097a
17
1067'8
1097a
104% 10572
37
103%
105%
317s
5174
10774 1077a
-
———.
Consolidation Coal s f 5s
4572
14
457a
41
457a
21
33
41
45
10
32
517»
997a
d997a 102
11
92
J.J
457a
■
43
1st
27is
Co
s
§ A Cuba Northern Ry
■
Ind Union
11074
102
967s
45
39
A
51
A 1st
5s
30
427a
A 1st
gold 5s series C—1956
36
487a
2774
407a
42
48
26%
Adjustment
6s
3s
*970
series B—±965
100%
56%
&
6374
80%
8174
82
667a
857a
3%
46
85
927a
1961
93 7a
93Vi
1961
83
104%
107 74
51
40
deposit
City Southern Ry 1st 3s
1950
impt 5s—
—Apr 1950
City Term 1st 4s
1960
unguaranteed—
.
1117a
1997
170 'A
172
1954
105
106%
10& 7s
1037a
1067a
108 Vi
23
1st
109%
67as—-
ref
&
1st 5s_:
1954
Koppers Co 1st mtge 3Vis
Kresge Foundation 3% notes
3374
111
Laclede Gas
5%s
*10674
ref
Coll &
series
5s extended at 3%
—
A 1st
v
to
3%s_
registered—
mtge income reg
Lehigh Coal & Nav s f 472S A_,
Cons sink fund 4Vis
series C.¬
Lehigh & New Eng RR 4s A—
Lehigh & N Y 1st gtd gold 4s—
:
1st & ref sink fund 5s
5s
1
stamped—
1st & ref sink fund 5s
5s
v.
-
1st
stamped—
& ref sink fund 5s_———.
5s
stamped
Leh Val Harbor Term
gtd 5s—
Lehigh Valley N Y 4V2S ext—
Lehigh Valley RR—
4s stamped modified—
4s registered—;
;
5s stamped
Leh Val Term
Lex & East
36
B_
lst
Gulf Mobile & Ohio 4s series B.
10774
109%
12174
122 Vi
106
106
103 Vi
1047a
—
997a
1027a
103
103Vi
98%
104
103
103 Vi
98%
stpd—.
——.
107%
110
*121%
120%
122
91
—
91%
&
ref
5s
1037b 107 Va
series B
ref 4 Vis series C—.*.—
94 Vi
88 Va
85
102
bonds
gold 3s_—
t§AHousatonic Ry cons gold 5s.
debs
60
103
series
A.
gold 5s
^
1177a
6174
19%
31
Maine Central RR 4s series A
•
;
-1945
series A-*,
—I960
4s sink fund—Feb 11957
AManila Elec RR & lit s f 5s
1953
AManila RR (South Lines) 4s
1959
Gen mtge 4 72s
Manati Sugar
Illinois Bell Telep 2%s series A
III!
I
Refunding 4s—
100%
.page
92%
97
96
967a
60%
603/s
51 Va
65
68.
47
60
43%
577a
46%
,3%s—I—II!
trust gold 4s
see
103%
western
1st gtd
3%s_—
Marion Steam Shbvel
II
1st gold 3s sterling
footnotes
t§AManitowoc Green Bay & North¬
1017a
977a
Illinois Central RR—
1st gold 4s
61
s
f 6s
Stamped
5 A Market St Ry::.
—1941
1947
——
——
(Stamped mod) ext 5s„
McCrory Stores deb 374———:
—1945
1955
1956
Metrop Ed 1st 4 72 s series D—_—1960
Metrop Wat Sew & Drain 5Vis——1950
AMet W Side El' (Chic) 48—1938
McKesson
&
Robbins
372s
*101%
—-
*1Q2 % 103
977»
*106V4
9774
—
108% 108%
112% 113
99%
110
118%
46%
F
105 V'b
94
623/4
1st 5s A_.
897a
105
South Ry Joint
88
109%
105
78 74
—
10574
40 Vi
jV 1027b
1067a
1st gold 472S—
monon 4s___
Atl Knox & Cine Div 4s—..
130
98
105 Vi
104
Mob & Montg
127
104%
92%
1027a
72 s'series A ext—
Unif mtge 4s series B ext
Paducah & Mem Div 4s
Hocking Valley Ry 1st 4yas
gold 372s
104%
ref 4s series D
Called
Collateral trust gold 4s
11174
&
St Louis Div 2d
1st gold 3%S—
94 Vi
109%
103 Va
110% 111%
*103%
gtd 4s—
78 V2
&
Unif mtge 3
f 472 s
AAdj income 5s
10372
*107% 108
1st & ref 3%s series E—.
Gulf States Util 3Vs» series D_.
Hudson & Manhattan
107 V4
1st
Gull & Ship Island RR—
5s
75
10574
106
1st
AGen mtge inc 5s series A—.
5s
50
1207a
Louisville & Nashville RR--
5s series C
ref Term M
debenture—
5572
115
3%s ext to—.—
Lou & Jeff Bridge Co
Gulf Mob & Nor 1st 57as B
7174
4s series A
"1st 5s series A.
Louisville Gas & Elec 3V2S
West deb ctfs A.
35%
107 Va 107 Vi
Louisiana & Ark
Gen mtge 3%s series I
46 3,i
40
122Vi
stamped—
Lorillard (P) Co deb 7s—
5s
41%
427a
106
4s
.«
31%
70.
Long Island unified 4s_„_i
Guaranteed ref gold -4s——i-.
mtge 4s series H
45
38
7a
1207a 120 7a
.;.5s,-debentureii^-*i~-i».---»T'
Long Dock Co
32%
44%
50-yr 5s gtd—
gen
287a
407a
37%
Liggett & Myers Tobacco 7s
Little Miami
29
35 V4
39%
modified
Ry ext 5s__
1st
36%
35
Libby McNeil & Libby 4s—
General mtge 4s series G
For
4
Lautaro Nitrate Co Ltd—
General 472s series E_
lines
103
C
Lake Sh & Mich Sou gold
General 47as series D
Purchased
1087a
1%
ref 572S series D
Lake Erie & Western RR—
1017a 101 Vi
108%
100%
Light extd 5s
Coll &
101 Vi
107
1057a
1961
1950
.—1959
JAKreuger & Toll 5s ctfs—
General 5 72s series B
Collateral
83
Kings County El L & P 6s
General 5s series C
1st
61
Kings Co Lighting
Grays Point Term 1st gtd 5s—
Great Northern 47»s series A_.
Extended
1147b
34
1st 474s
1st
75
78%
1107a
987a
Gotham Hosiery deb 5s w w_—
Gas
627a
69%
105%
26
& Ala Ry 5s——O
AGa Caro & Nor 1st ext 6s-.
Co
81
85%
47aS
t A Georgia
Hudson
94 7i
82 7»
61
&
4Vis
Co cons 5s.
f
86
61%
—
Plain
Castings 572s—
s
6
1961
of
stamped modified
>-4Vis registered
Hudson Coal 1st
1%
1987
Mich 1st gtd gold 4s„1990
&
472s
Houston Oil 474s
47a
1961
coll trust 6s—.
s
102
79
& Clear 1st 4s.
_
Food Machinery Corp 3s debs_.
Gulf States Steel
98
957a
7874
Kentucky & Ind Term 4Vis_:
Stamped
:
1117a
§A2-4s (Proof of claim)—._.
ACertificates of deposit—
&
92
*102% 103
70
105 78
107%
Kentucky Central gold 4s
112%
tFonda Johns & Glover RR—
1st
*98
38%
1027a
104%
98
89
110%
110 Vi
Rub 3s deb-.;.
ctfs
677a
107
ctfs——1935
Ref
tFlorida East Coast 1st 4 Vis—.
A 1st & ref 5s series A
ACertificates of deposit—
1st mtge
106
Kansas
1st mtge 374s
AGreen Bay &
ADebentures
66
104% 1057a
19%
Kansas
Flintkote Co 3s debs_
Gen
46
177a
inc 47as series A.
extl 1st 4s—
(B F)
23 74
38%
Central & Peninsular 5s.
Goodrich
45 %
1955
1st & ref 4s
Lehigh Valley Coal Co—
5s stamped-
Steel
44
6%
Ry 3748
Gas & Elec of Berg
46
67a
18 V'e
N Y & Erie RR
Gen
23%
Laughlin Steel 3 74s.
A Certificates
372S
Francisco Sugar
197a
46
1 § AK C Ft S & M Ry ref gold 4s_1936
stamped
tAFla
48%
17 Vi
447a
Kanawha
Empire Gas & Fuel 3Vis——
isrie Railroad Co—
1st cons M 4s series B
Firestone Tire &
24%
12%
El Paso & S W 1st 5s
Div
102%
104
48%
127a
Nor Div 1st 4s_.
Ga Div 1st 5s.
Ed El 111 (NY) 1st cons gold 5s.
Elec Auto-Lite 27»s debs——.
Ohio
101%
10274
46%
457a
East Tenn Va &
AGen mtge
101% 101%
*102% 103%
1087a
Jones
East Ry Minn
5s
10574
374
1995
1961
Dow Chemical deb 27»s
1950
Dul Miss & Iron Range Ry 372s—1962
t§ ADul Sou Shore & Atl gold 5s—1937
Duquesne Light 1st M 37aS
1965
Elgin Joiiet & East
;
104%
107,
——
& Tunnel
42
1087a
—1978
Ft Dodge 4s
ASecond gold 4s
105
987a
24%
4572
impt 5s series
Detroit Term
105
82
1087a
1951
5s—a.
James Frankl
4172
3%
gtd 472s—-1947
.1965
ref mtge 37as series G—1966
ref 3s series H_
—1970
Mackinac 1st lien gold 4s 1995
Detroit &
1947
97
41%
217a
Edison 4s series F
&
Gen
1972
Teleg deb gold 4Vis—1952
97
*108 7a 110
227a
jADes Plains Val 1st
Gen &
1955
—
108%
10374
—1944
B—1947
Int Rys Cent Amer 1st 5s B
1st lien & ref 6%s
73%
10374
101Vi
1st & ref 4s—1943
Delaware Power & Light 1st 4728—1971
1st & ref 474s—
—1969
1st mortgage 472s———
—1969
JgADen & R G 1st cons gold 4s—1936
§AConsol gold 472s
1936
JADenv & R G W gen 5s——Aug 1955
AAssented (subject to plan).
series A___July 1952
—..—1956
series
Internat Hydro El deb 6s_„
Internat Paper 5s series A &
Ref sink fund 6s series A_.
3972
96 7a
Delaware & Hudson
1 ADea M &
1956
38
Debentures
Detroit
_1950
Ry 3 72s series B„
JAlowa Cent Ry
-ARef &
1963
-
1st gold 4s__
& Louisville 1st gtd 4s
Int Telep &
,
1951
27
Curtis Publishing Co
Dayton P Si L 1st mtge
Dayton Union Ry 374s
High
1963
1986
Inland Steel 1st mtge 3s series F—1961
Inspiration Cons Copper 4s
1952
Interlake Iron conv .deb 4s_—
1947
t AInter-Great Nor .1st 6s series A.1952
,,
93
receipts-.
3s deb
ADeposit
Low
1951
Ind 111 & Iowa
3272
1st 5 72s—-
extended to—
series B
tAInd
109
101
f debs
receipts.
,——,
gold———.
ADeposit receipts
.
A 7 72 s series A extended to
ADeposit receipts
A6s
112
108%
A Cuba RR 1st 5s
.
111
107%
A Deposit
'
No.
Range Since
January 1
110
110%
f debs
s
Crucible Steel 374s
Sold
——1950
gold 3s__
Western Lines 1st gold 4s
10874
37as————;
1st mtge 372S
1st mtge :37»s———
1st mtge 37»s
Crane
1st
111 Cent and Chic St L & N o—
Joint 1st ref 5s series A
103
109%
mtge 372 s
1st mtge
■
Div
1st & ref 472 s series C
Consumers Power Co—
■
Bonds
Gold 3 %s_—-i———.—1951
Springfield Div 1st gold 3 72 s
1951
5174
45
J-J
4s
High
'
.
Louisville Div & Term gold 3 728-1953
Omaha Div 1st gold 3s—
1951
St. Louis Div & Term gold 3s„_-1951
5
10872
10572
J-J
4s
A Debenture
Week's Range
1966
102%
1061a
-
J-J
JAConsol Ry non-conv deb 4s—
;
27
106
J-D
debentures
Friday
1955
1027a 103 V*
J-J
3%s
A Debenture
•
%
Low
111
106'/a
X-O
—
f
Interest J v- Last
or Friday's
Period
Sale Price Bid & Asked
,
1027a
X-O
debentures
.,/%%
Exchange
July 2
Illinois Central RR—(Continued)
108
109
Consolidated Edison of New York-
3Vis
Ended
High
108
115
110
Bonds
110%
Volume 158
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4191
.
NEW YORK BOND RECORD
BONDS
Interest
Stock Exchange
New York
Week Ended
July 2
Period
'
A
Last
A§Consol ext 4%s_.—
101%
97
A
54
55
27%
61
65
•:
.
—
,.
i-
M-S
A-O
.
13%
•86%
13%
■
110%
17%
45%
14
,
90
109'A
■
.
19%
16
85
,^-^i"
19'%
10%
3
201
110% 110%
■
High
32
...
87%;
-*110
18%
w1'-
1
110%
8 Va
22'A
109
110%
Co—
1st mtge 4 Vis series A——1998
AGen mtge 5s conv inc
2014
108%
108%
*105'/a
M-N
U2'%
102%
50
108% 111
..
—
105%
9%
7
2%
7%
Q-F
51/2
5%
2%
8
29%
29
30%
30
16
29%
29%
J-J
M-S
J-J
124%'128%
F-A
103 % 104
103'%
4%
10
14
7
1%
7%
12
64%
72%
77,
41%
98%
*97% 100
54
.
—1954
85%
49
40
.
105'%
& ref 4Vis series A
1974
59%
1962
57%
58%
54
40%
J-J
49 %
51
75.'.
33%.
35%
A-0
31 %
32
56
19
38
*113'A
103%
120
113
114%
A-0
—
gold 5s (stamped can¬
Alst mtge
cellation
V:-%
52%
40-year 4s series B
J-J
47
25
1962
46%
102%
__
of
A-0
1945
guarantee)
63
Prior lien 5s series A
J-J
*121
'
M-S
1945
100
J-D
;M-S
119%
103'A 103%
F-A
.
& ref ,5s———1974
gen
^Northern Ohio Ry—
Alst guaranteed gold 5s
Gen
5%
72%
52%
.
1949
Debenture 33As___
North Central
5
d70
128% 128'A
30
d70
" "VV*1
;
J-J
34
,
RR 5s A
30%
15%
8%
8%
8%
J-J
29%
40
30
16'A
30%
30
73
42%
40
,
t§ANorfolk Southern
29
30
J-J
85%
41
27
113
516
J-J
83%
A-0
F-A
O-A
North Amer Co deb 3%s
26
6%
5%
J-J
1961
Norfolk & Western Ry 1st gold 4s_1996
24%
7
25%
1990
Kansas & Texas 1st
Mo
lien 4 %s series D..—.1978
A Cum adjust 5s series A-.-Jan 1967
Prior
r
;
13 '/a
19
Low
io
-
:
*-_
January 1
No.
Norfolk Southern Ry
M-S
1978
RR 1st 5s
4s
Missouri-Kansas-Texas RR—
41
Range Since
Sold
55
72%
:1959
Alst & ref 5%s series B
4 A Missouri-Illinois
1946
——1966
Niag Lack & Ont Pow 1st 5s A—1955
Niagara Share (Md) deb 5%s_„—1950
57%
M-N
1949
5 Vis.
25-year
1st 4 Vis.
Niagara Falls Power 3Vis
Bonds
High
40%
J-J
F-A
F-A
M-N
J-J
J -J
J
1967
3%s series B
Y Telephone
,t§ AN Y west & Bost
56%
J-J
1938
to int..1938
1946
§ Alst stamped 5s gtd as
A 1st & ref 6S series A
N
63
49%
77
,
M-S
1947
1941
1934
Sault Ste Marie
stamped--^——...1938
consol 5s.
8A 1st
109'A
61
*70
IMinn St Paul &
8 A 1st cons 4s
106%
gold 5s
ATerrainal 1st gold 5s
76%
J-D
1949
50-yr 5s series A—1962
ext
57%
108% 109'A
109'A
M-S
gold
§ AGeneral
101'A
1937
1937
1940
1943
4%s
§A2d
76'%
75%
76%
J-J
J-D
& St Louis 5s ctfs
ref gold 4s
&
Ref &
A
101
A-O
gtd 4s
48 AMilw & State Line, 1st 3%s
1st
M-N
1940
1 AMilw Spar & N W 1st
A
78
4Vis—1939
——1939
}§AMilw & Northern 1st ext
j A Minn
90%
1979
1963
1st ext 5s
of N J
A Midland
*90
1952
3%s—;
Ref & impt 4Vis series C
Michigan G'onsol Gas 4s
gold
M-S
Week's Range
or Friday's
Last
Sale Price Bid & Asked
Period
Low
88
1951
Sag 3%8
&
V
July 2
High
Low
No.
High
Friday
Interest
Exchange
Stock
Ended
Week
*§AN Y Susq & W 1st ref 5s
Michigan Central—
1st
Sold
,
'•"New York
Range Since
January 1
Bonds;
Friday's ;
or
Sale Price Bid & Asked
Low
Jack Lans
BONDS
Week's Range'
Friday
tMlssourl Pacific.RR Co—
.
ref gold 5s series
deposit
of
ACertificates
11%
1966
Monongahela Ry 3'As series B
Monongahela W Penn Pub Serv—
1st mtge 4 Vis
Montreal
Essex
5s
Tramways
Morris &
Constr
M 5s
Constr
M
ext
1st gtd 3 Vis
series A
4%s series B
Mountain States T & T
3'As
Mutual Fuel Gas 1st gtd 5s
A'
63
99
91%
6
98%
A-0
113% 113%
6
111%
A
113%
9
110
107
107'%
8
103 %
107%
10
4s
113%
New
107'%
94'%
94'%
94%
J-D
49%
49
50
M-N
49%
M-N
45'A
89
103
49%
J
N
J
New
N
O
New
46
31%
■
—
ref
107% 107%
23
105%
108
105% 105'%
12
103'%
106%
103%
103'A 103%
16
101'A
103%
104'A
41
103'%
104%
104
M-N
*95%
J-D
ACertificates
J-D
117%
M-N
124'%
of
A-O
*81
109% 110
'■/
:
of
A-0
26
108
6
106%
108
80'A
70%
72%
44%
72%
74%
48
71
70
72%
57
50
69
10
51'A
70
68%
71
65
49%
71'A
44%
76
72%
76
123
52%
70
69%
70
2
47%
71
mmm
•
_
_
4s
.2013
-2013
N
Y
Cent
&
61
61%
62%
56%
56%
57%
405
A-0
63
63
63%
291
52%
67
82%
82
83'A
179
67'A
86
83%
86'A
82
74'A
87%
86'A
,
69%
81
20
67
68
27
64%
64%
2
_1998
F-A
62%
61'A
63%
58
48%
3%s registered
5s
Conv
F-A
59'A
59
59%
11
47%
61
York Chicago & St Louis—
..—1974
Ref 4Vis series C
1978
1st mtge 3%s extended to
1947
Ref
6s
5%s
series A
105
77%
283
64%
102
101 % 102
21
6
100%
100'% 100%
1965
1951
A-0
F-A
105%
104% 105%
17
74%
16
..—1947
notes—
A-O
A-0
A-O
N Y Edison 3'As series D
1965
....
1st lien & ref 3'As series E—.1966
73%
74
*93%
•
100
99'A
101
;
Purchase money gold 4s.
N
Y" & Harlem
gold 3 Vis
N Y Lack & West 4s series A.
4 %s series B
..1949
2000
1973
—.1973
65
74%
i
,94'%
1
M 27
108
110%
110
110'A
9
109
110%
117%
115%
117%
Ill
112%
100
100
>100%—.
M-N
M-N
73
78%
M-N
:
.)
73
55%
79%
79%
60
79%
|
i
34
52
deb
4s—
1947
M-S
42%
47
ANon-conv
deb
3Vis.
1947
M-S
43%
45
31%
49
ANon-Conv
deb
3%s_
1954
A-O
40%
45
31%
49 %
J-J
42
47%
33
52
M-N
41%
46%
32%
53
1956
J-J
40%
45
31%
40»A
i
—1948
J-J
49
53%
37'A
62%
t
A-O
M-N
J-D
66'A
68%
49'A
78
18
18
8%
21
45
49%
36'A
55
ANon-conv
ANon-conv
deb
deb
—1955
4s_.
ANon-conv
4s
1956
ADebenture certificates
deb
AConv
3Vis..
6s_.
§ A Collateral trust 6s
ADebenture
.1940
...
....1957
4s
Alst & ref 4Vis series of 1927—1967
1st
IAN Y
1954
4s...k—
Ont~&"We"st~ref "gold"4sII-1992
AGeneral
—1955
4s
N Y & Putnam
1st cons
N
gtd 4s
Y Queens El Lt & Pow 3Vis—
1993
1965
N
Y Rys
1958
1963
prior lien 6s stamp
N Y Steam
For
Corp
1st 3%s
footnotes
see
page
68.
M-N
M-S
J-D
A-0
M-N
J-J
J-J
10%
9%
4%
4%
56
57
.
107
10'A
5
57
110 % 110%
107
107
*109'% 110
90%
6%
2
41 %
100%
12%
7
58%
110
111%
105%
108%
106%
105%
103
105%
__
104% 105'A
8
105'A 105'A
21
*110'%
99'/a
110%
109
110'%
104
I
104% 104%
95%
108'%
.
—
*105
104%
100
96%
V.'.e- —'' \ ]
*97'A 105
M-N
F-A
M-S
77%
77
77
A-O
M-S
90
8
90
46
103
|
*116%
12
90
103
105
102%
104%
2
—
&7
78
H oO
105
■
57%
92
116%
117%
109%
102%
J-D
M-N
F-A
103%
106%
108%
101
106%
104
106%
J-D
105%
102%
107
102
109
106%
109%
98'%
106%
A-O
J-J
F-A
F-A
108%
106%
M-N
110%
110% 110%
108%
M-N
* A-O
F-A
110
110.
108
98%
J-D
J-D
109
115
114% 115
108
3Vis deb
Wash
&
1st gold 4s
series
122'%
101%
109'A
89%
97
96%
104%
95%
104
95%
97%
97%
56%
12'A
1st
&
79%
Petrol
PAs
debs:
10032
100 31
102'%
*122%
118%
121
*116
111
115
108%
111%
ioo a
110
96
104%
112%
110%
112'%
104
102
104
37
38
*105
v
14
14%
guaranteed
gold
Seri;s F 4s guaranteed gold
Series G 4s guaranteed...
4s
Series H
Series I
105% 105'A
cons
guaranteed 4s
M-N
F-A
J-D
M-N
1945
1949
1953
1957
F-A
1960
mtge 5s series A
1970
Gen
mtge 5s series B
4Vis series C
1975
1952
Pitts
1st
Steel
1st
conv
4Vis A
mtge 4%s
mtge 4Vis series B
1st 4s gtd
Pitts & W Va 1st 4Vis series A
Pitts Va &
1st
Char
mtge 4%s series B
•
1950
J-D
M-N
.1943
111%
*113
111%
111%
*112
112%
114
121% 122
-
mtge 4'As series C
1960
121%
113%
105%
113'%
113% 113%
105
113%
106% 107%
100
100% 101
v
107'A
95
101
102
102
98%
102%
101
102
98%
102
*10032
64
60.%
61%
55
60%
A-0
A-0
122
119%
113
•
1st
119%
121'A 121'A
J-D
1958
105%
110
J-D
1950
1959
7%
108%
105
M-S
& Iron
9
110%
*99'A
*112%
J-J
Pitts Coke
105%
4% v
A-O
1977
1963
15%
104%
104%
guaranteed 4Vis__1964
cons
40%
105%
3'A
_j—
Gen
cons,4Vis
J
8%
104%
J-J
1951
F-A
M-N
J-D
Series
20'A
104
'
3eries E 3Vis gtd
105%
M-S
Pittsburgh Cine Chi & St LouisSeries D
83
76%
106%
J-J
M-S
.....
64%
57%
M-N
M-S
J-J
—
91
104%
1962
1963
—1937
3s debentures
J§APhilippine Ry 1st s f 4s
ACertificates^ of deposit
72%
74%
...1949
...
14%
106%
:
J-D
.1967
23As.._
...—.1971
^Philadelphia & Reading Coal—
A ref 5s stamped..
—.1973
Philip Morris Ltd deb 3s_.
5%
106%
F-A
1st & ref mtge
Phillips
80%
73
58%
J-J
..1977
ref 3%s
91
98%
112'A
44%
106% 106%
J-J
Electric
12'A
89
M-S
J-D
M-N
90%
111
56%
>106'A 106%
J-D
Phila
98
111% 111%
J-J
..—..1981
General 4Vis, series D
115
96'A
103% 104%
J-J
...1974
B
gold 4%s series C_
98'%
119%
108% 109'A
103% 104
Apr
F-A
1980
1952
1943
410%
88%
104%
J-J
A-O
M-S
A-O
1956
110%
•
98%
97%
96
A-0
1974
.1956
110
121% 122%
A-O
...i960-
B
series
Bait
Gen
$ A Harlem River & Port Chester—
99% 100%
111%
103%
.
gold 4Vis series C
Called bonds
IN Y New Haven & Hartford RR—
109
Philadelphia Co coll tr 4'As—1961
,
106%
110'A
*111% 111%
12
Apr 1990
4s
General
101,
*116
J-D
F-A
96%
111'A 111%
1984
——1952
1947
series A 5s
AConv deb 6s_
gold 5s„_1948
Y Gas El Lt H & Pow
92%
112'A
1981
4s___
General 5s
N Y & Erie—See Erie RR
N
103%
112%
1970
Pekin Union Ry 5%s
&
Marquette 1st
Phila
102
110
iio
99'A
110%
1968
B__i
1st
86
95
15
111
1965
series A
series
1st
85'A
■
103%
13
;
1970
1960
;
mtge 4 'As series E_:
deb 3%s
•._
Alncome
Peoria
Pere
94%
79
82
93
83
J-D
Y Connecting RR
Conv &%
90%
92%
1950
debentures
3 Vis A—
N Y Dock; 1st gold 4s
N
•
A-O
M-S
A-0
106%
52
1944
gold 4 Vis
Phelps Dodge conv
New
110
42
111% 111%
112
112%
—1981
—..1969
1974
......
& Eastern 4s ext...
Peoria
66%
.1998
Mich Cent coll gold 3%s__.
N
110%
*97
1952
Peoples Gas L & C ref 5s
66
79%
67
F-A
1997
110
109
J-D
5s_1949
ctfs D
trust
Light 3Vis
4%s
Gen
70%
81
F-A
-1998
registered
108%
■;-:5 ;
'
General 4'As series D
81,
53
50%
J-J
.1998
...
Lake Shore coll gold 3%s_.
3%s
47%
62'A
J-J
1997
Hud River 3%s.
registered.
3%s
:-4
.1952
107'A
105%
J-D
1966
1955
mtge
Cons
67%
F-A
'
106'A
'
5
103
gold
Debenture
51%
122
M-N
-
1966
3%s series ' C
sinking fund 4%s
Gen
,
A-O
.1998-
106%
104%
'
^
10
109% 109%
4s
1
——.1948
sterl stpd dollar_____May 1 1948
Consol
General
.
_
110% 110%
—1960
debentures
General
*100
J-J
1945
109% 110
110%
110
102%
105% 105%
-...1963
Power &
4%s
76
68
110'%
107%
107
Pennsylvania RR—
61'A
A-0
_
109'A
1
*105% 106%
A-O
J-D
J-J
4%s series B.._
73%
69
*
109%
2
110
103 % 104%
M s f
Penna
72%
71
100
106%
9
110% 110%
19%
100
v
39
108% 108%
Pennsylvania Glass Sand 3 Vis—..I960
Pa Ohio & Det 1st & ref 4Vis A...1977
56%
50
.'
'
87
'''
109% 109%
Gtd 4s series E trust ctfs
64%
130
.
■
19
110
.1938
Guaranteed 3%s
95%
1954
1954
impt 4%s series A_.
18
12
Pennsylvania Co—
41
18
63
62
63
deposit
Ref & Impt 5s series C—
Conv secured 3 %s._
III
*99% 100
Paterson & Passaic G & E cons
95
106%
99
69
F-A
110'%
112%
—
108% 109 %
gold 3s loan ctfs
1955
Paramount Pictures 4s debentures_1956
PaVmelee Trans deb 6s
1944
97
73
83%
95%
95
*60
A-0
109%
111%
—
Paramount Broadway Corp—
111
3
107% 108
95'%
108'%
95%
*93
107'A 107'%
107'A
Newport & Cincinnati Bridge Co-
Ref &
24
*112%
F-A
J-J
mtge
1st
F-A
gtd 4Vis
-.
N Y Central RR 4s series A
109% 110%
110'A
J-D
J-D
J-D
J-D
Panhandle East P L 3s B
125
1956
—1956
General
68%
1961
.1966
.1970
1971
3'As series C
Paducah & 111 1st s f gold 4%s
84
69
......
68'A
55%
RR of Mo 1st ext gold 4s__1938
Ref
80
77
..
>6
'
deposit
deposit
55'A
44
*100
series G
Pacific Tel & Tel 3'As series B
118%
122%
r—
'
95
95
95
-
J-D
J-J
15
Co
§A2d ext gold 5s
84%
70'%
117
20
124'% 124%
!»••••
__
J-J
J-J
22
117% 117%
?•-;;
A-0
'
ACertificates
29
66%
F-A
M-S
J-J
.
gold 5s______1946
1964
1st
Coast
Gas & El 4s
§APac
119
70
21
84
d82
F-A
i
116%
84%
84%
84'A
J-J
1953
1953
series A
5Vis
Alst
66 'A
65%
1946
1946
1st & ref M 3s series K_
97
95
__'
*116'% 118
__
J-J
1945
1955
1955
4%s series D
66%
1946
& ref mtge
Secured 4s_
Alst
81%
1945
5s_
3% s series H
1st & ref mtge 3%s series I
1st & ref mtge 3s series J
82
68 7%
49
-
107%
A-O
,.1935
Mex n-c inc 5s
1935
ACertificates of deposit..—
1954
Alst 5s series B
.1954
ACertificates of deposit
A—
1956
Alst 5s series C
1956
of
66'%
112%
105'A
M-S
f § AN O Tex &
ACertificates
186
Oregon-Wash RR & Nav 4s
____1961
Otis Steel 1st mtge 4 Vis ser A
1962
46
J-D
1945
series B
5s
79%
110
M-S
England Tel & Tel 5s A
1952
1961
gtd 4 % s series B—
—1961
1986Junction RR gtd 1st 4s—
1986
I960
Pow & Light 1st 4%s
1960
1983
Orleans Great Nor 5s A—_—1983
.1952
& N E 1st ref & imp 4 Vis
1952
.1952
Orl Pub Ser 1st 5s series A—1952
&
79'%
79'%
79%
F-A
1st
Guaranteed stpd cons 5s
50%
35'A
111'A
1945
,.1945
Orleans Term 1st gtd 4s
79
1946
Transmission
Oregon RR & Nav con gold 4s
1st cons gold 5s
51%
108%
136
M-N
.1952
1st
New
62%
1966
Ore Short Line
94%
37%
"
91
50%
45'%
*109% 112'%
J-D
1st
N
...
debenture^......
Ontario
'
3-J
1960
1960
1949
1949
1949
1949
.1965
1965
1954
1954
1948
^1948
Consol gtd 4s—
51
50%
1965
1967
._1972
Oklahoma Gas & Elec
113%
113
J-D
.1978
1978
& St L 4s series A
Prod 3%s debs
'
Nat Distillers Prod 3Vis
3'As sinking fund debentures
National Steel 1st mtge 3s
t ANaugatuck RR 1st gold 4s
Newark Consol Gas cons 5s
fANew England RR gtd 5s
;
mtge4s_____—,—
mtge 3%s
33/4S
1st
104%
101%
—
1st
63
45
21
1st
Dairy
40%
98
*§AOg & L Cham 1st gtd gold 4S.T948
Ohio'Connecting Ry 1st 4s
1943
Pacific
Nat
% 7
J-J
J-J
Teleg 4 Vis ext...—1944
Pacific
Nash Chatt
51
61%
J -J
.
1967.
1964
1st &.ref mtge.3%s
Ohio Edison 1st mtge 4s.
A-0
1966
1951
2000
1955
1955
.1968
1947
Montana
57
50%
/
104%
.*104
__
90%
'85%
59%
*
-I960
1965
debentures—J.——.
Power 1st & ref 3%s
6s
F-A
42
72'/a
56%
62%
63
M-S
69
197
12%
98'%
M-N
87
57
55 %
54%
85%
54%
Q-A
J-J
2047
,-.2047
1st mtge 3%s
(Wise)
—
tSAMissouri Pacific Ry—
3rd 7s extended at 4%
July 1938
Moh'k & Malone 1st gtd gold 4s—1991
90 %
84%
States Power Co—
Northwestern
55%
406
88%
56%
54%
2047
5s series C
impt
impt 5s .series D
(Minn)
56%
55%
1981
series I
ref 5s
Alst &
H
deposit
of
ACertificates
&
Northern
54 %
54%
1949
1980
gold 5Vis
Alst &
55%
54%
6s .series B
-Ref & impt
—
Q-J
.Q-J
Q-F
registered....—-.1997
3s——Jan 2047
3s registered
2047
Ref & impt 4%s series A
2047
Ref &
54%
deposit
of
ACertificates
AConv
56%
54%
1978
5s series G_
.
Gei* lien, ry St Id gold
<
25
54%
—
4a
i
;
Ref
20%
deposit
of
ACertificates
Alst St ref
56'%
1965
4s—-.1975
ref 5s series F
.-.-.1977
A General
Alst &
/:
deposit..
Northern Pacific prior lien 4s—.1997,
i
deposit
of
ACertificates
ACertificates' of
.
5s series A
Alst & ref
,
60'%
53%
63%
60%
53%
64
60%
THE COMMERCIAL & FINANCIAL CHRONICLE
Exchange
Week Ended July 2
r
Last
Interest
Stock
York
Period
BONDS
Week's Range
Friday
bonds
New
or
Bonds
Friday's
Pitts
Young & Ash 1st 4s ser A—1948
J-D
1962
gen 5s series C
*
—1974
4Vas series D._—.——1977
F-A
*119'A
5s series B
gen
1st
1st
Portland
Gen
1st
;;4 Gen & ref 5s series
series
97
•
mortgage 3Vis
1977
Pressed Steel Car deb 5s——..—..—1951
F-A
1st
97%
106%
108%
'*
— —
--
109%
Tex Pac Mo Pac Ter 5%s A
Third Ave Ry 1st ref 4s
Service
Purity
Bakeries
18
99'A 100
9 9.'A
16'A'
"16%
Af-N
M-a
*93%
j-j
111
/•
1964
91
Trenton
337
85%
83%
85%
273
67%
85%
84%
83%
85%
190
67%
85%
7
103%
108%
71
35%
J-D
97
95%
97
Purchase money 1st M conv 5
4Vis series C_
Copper & Brass 3 Vis
Gen mtge
1121/4
14
109%
Revere
105%
5
104 %
106
97
96
'V:.: 97
48
j-j
91%
91%
92
82
78%
j-j
90%
90%
91%
17
78
Gas
Elec
&
1st
gold 5s
1953
J-J
1971
Af-N
3%s series H
Gen mtge
Gen
mtge 3Vis series I
Gen
1945
A-O
1959
F-A
1967
J-J
i ARut-Canadian
117
107%
*107%
*112% 112%
*13%
105
■
98%
1127/B
110%
15%
9%
104% 105
7
103% 104
14%
103
105
20
100%
104
41
107%
109%
Pacific RR-—
1st & land grant 4s
34-year 3%s deb
94%
94%
1947
j-j;":
109
1970
A-O
103%
1971
U-N
1980
j-d
1955
A-O
104% 104%
13
101%
104%
Ref
103%
•
108% IO91/4
Y
103
103 V2
33
97%
103%
103
1031/4
23
97%
103%
109'%
109% 109%
26
106%
109%
105%
105% 105%
3
.105%
101% 102%
/18
94%
102%
62
98%
104
101%
102
105%
M-N
104%
104% 104%
15
104%
104
104%
27
10O
3'/as series A
mtge
United Biscuit
'101% 105
*101% 101 %
Af-N
101%
United
j-d
*__
U
102
66
106
j-j
82%
78%
82%
496
58%
43%
42'/4
44'/4
492
27
47'/a
N
Co
(Del)
RR & Canal
J
1952
M-a
1944
4s
gen
A-O
1953
5s
Af-S
102%
102% 103
;
■
__
—
—
107
82%
A-O
3%s debs
Cigar-Whelan Stores 5s
United Drug
U-S
*124%
U-S
*111%
1969
1934
1949
1941
M-S
ISARutland RR 4Vis stamped
3s deb_.
105%
Af-N
4s stpd
5s
debentures
Union
98
•
Calif
102%
1958
1960
Ark & Louis 1st 4'As
*§AR I
88%
Oil of
(Chic)
17
Vis 1954
mtge 3Vis series J_
116'%
98
U
105%
105
105
F-A
102'%
91
Y
V
104%
j-j
100%
105%
116% 116'%
87%
2
3
102 '/a 102%
M-a
35-year 3%s deb
D——1977
1967
1967
Roch Gas & El 4Vis series
76
37%
*98%
1949
3s
a-o
f§ARio Grande June 1st gtd 5s—1939
}§ARio Grande West 1st gold 4s__1939
A 1st cons & coll trust 4s A
1949
62%
21%
17
A-O
J-D
,
112%
105
105%
1997
1997
t
110
76
351
/
221%
112
A-O
1950
Republic Steel Corp 4Vis series B„1961
Y
69%
33%
149%
__
*221%
J-D
j-j
Rand deb 3 Vis
110
109
70%
34%
87%
68
k
107%
145%
220
v.
■
111
3
107% 107%
*
110
R
Remington
110
J-J
A-O
Tri-Cont Corp 5s conv deb A
2
1951
Gen & ref 4Vis series B
114
87%
M-S
■
Tol & Ohio Cent ref & impt 3%s..l960
Tol St. Louis & West 1st 4s
1950
Toronto Ham & Buff 1st gold 4s._1946
93%
7
Union
Reading Co Jersey Cent coll 4s
Gen & ref 4%s series A
High
101%
j-d
Jan 1960
20%
100
95%
8"' Y
—
111
*148'A —
1948
f deb 5s—..
2
83%
Union Electric Co of Mo 3%s_.
Af-N
j-j
1968
111 3'As
Nor
s
Loro
Y
112
87%
t§AUnion Elec Ry
of
Public
January 1
No.
A-O
1960
AAdj income 5s
•,
%
Range Since
Sold
High
*111%
j-j
1
90
106
73
97'A
C
A-O
1980
series D__
Bonds
Friday's
$ YyYy,.;y112
1979
5s
J-D
1977
5s
97'A
or
Sale Price Bid & Asked
2000
B
ref
U-S
Week's Range
Last-
Period
gold 5s
ref
*106'A 107'A
4s——1957
tAProvidence Terminal 4s
1956
Public Service El & Gas 3'As
1968
1st ai
rel niige 3s
1972
1st & rel mtge 5s
2037
1st &
re! mtge 8s
2037
Pacific
&
*109'A 110
J A Providence Securities
&
&
j-j
v.
Texas
Gen
j-j
3 Vis
M
Interest
Low
Gen
1966
1st
Pwr
Friday
Exchange
July 2
j-d
—1950
El
119%
Stock
Ended
J-D
1960
4Vis
1st
Elec
1st 5s extended to
Potomac
108%
118%
—
—
York
Week
High
307%
"107'A 109'A
1st
Low
'0.
High
New
Range Since
January 1
Sold
Sale Price Bid & Asked
Low
Monday, July 5, 1943
124%
United
Serial
124%
Steel
States
Corp—
debentures
1.125s
2.05s
U-S
1
109% 109%
14%
J-J
.
108'/4
154
33%
34%
14%
34%
M-S
j-j
1 1943
M-N
May 1 1949
M-N
*101
1 1949
M-N
♦101% 101%
Nov
*99%
—
14%
14%
22
25
42
14%
I 2.10s
109%
2.15s
35»/4
9%
May 1 1950
M-N
*101%
1 1950
M-N
*101%
M-N
......
2.40s
M-N
-
*101% 102%
101%
101%
101
101%
101%
102
101'/a
*,-V'
Nov
11952
May
1 1953
M-N
*101% 102
Nov
1 1953
M-N
*102%
2.55s
May 11954
M-N
2.60s
Nov
1 1954
M-N
*101'/a
2.65s
May 11955
M-N
*102% 103
•
101%
*101% 102%
-
...
101%
101%
—
..
2.50s
2.45s
99%
101
101
Yyy
*101% 102
Nov
2.35s,
14%
99%
—.
101%
May 11952
2.20s
14%
9.
Nov
101%
103
101%
102%
Yf'Y
0?
•
\\
'■ t
■
'
1968
Saguenay Pwr Ltd 1st M 4Vis
St Jos & Grand Island 1st 4s
St
.1947
1996
Adir 1st gold 5s—
&
Lawr
2d
gold 6s
1996
—
Iron Mtn & Southern—
§Riv & G Div 1st gold 4s
1933
A-O
105%
j-j
99
105%
107
;Y 5'/
107
62
62
1
—
—
55%
*61
—
y;:
United Stockyards 4%s w w
Utah Lt & Trac 1st & ref 5s
67 '
--
—
tSt Louis
A
of
ACertificates
91%
deposit—:
fASt L Peor & N W 1st gtd 5s
Pub Serv 1st mtge 5s_.
1948
J-J
91
91%
57
91%
M-N
91%
91%
15
1959
Af-S
-'••LwY
Rocky Mt & P 5s stpd..—...1953
J-J
Y-
1950
J-J
—1950
lien 5s series B_
of
deposit
34%
J-J
34%
91
F-a
101
&
Light
1st 5s
1989
19
73
211
36%
18%
816
35%
6
991
19%
19%
Vandalia RR
38%
36%
36
20%
39'/a
20
cons
38 %
44
96%
85%
*108%
M-S
*111% 112
5s__1949
3%s__1972
Southwest 1st gtd 5s...
2003
F-A
Va &
35
67
73
46%
44%
91
20%
46
27%
29
27 %
F-A
27%
A-O
•
u-n
',-tY
17
154
*123
—'
A-O
Af-S
31
1st
mtge 4s series A.
mtge 4s inc series A
106
AGen
mtge inc 4%s ser B
123
stamped
Adjustment 5s
§ ARefunding 4s
49%
ARef & gen
111
27%
50
ARef & gen 5s series D
of
ACertificates
Alst
of
ACertificates
2'As
Oil
Union
Shell
6
4%
22%
23'%
91
14%
22
13%
29%
15 y
14
29
31
56%
13
15%
30
24%
2
17S4
29%
100% 100%
37
98%
100%
43
24
24%
F-A
24%
J-J
J-J
102
1941
F-A
*45%
1952
A-O
1950
F-A
•
104% 104%
..
.
Warren
77
42
1961
debentures 4s
401
28 V*
42
24
100%
102
47
y 1
yy
1964
1963
J-J
*102% 103
—
1962
A-O
1979
J-J
1947
J-J
22
106% 107
A-O
*123
——
y
1st
1st
104%
101%
Tel
3Vis
Tel
&
debentures
3s
Southern
Colo
Power 6s
A
■*» w
.
'yv
4s
Pacific
(Cent
1st
107
105%
4s
.
Aug 1949
registered
1st 4'As
107%
6
—
1977
99
60
46%
83 Va
58
■■
44
•
260
97%
■y
60
34
46%
*29%
26%
31
*27%
27%
30
A-O
*26%
26%
27%
A-O
*27%
25%
28%
A-O
Ltg 5s stpd gtd...
96%
M-S
..
40%
F-A
F-A
'104
j-d
'119
41
M-a
1st 4s
1952
A-O
5Vis series A
..1977
111%
j-j
31
8
Vm' Y
95
103%
__
—
120%
104
45
88
Y
__
97 .V
100 iS
41
104
__
119%
109% 109%
j-d
1967
1966
5s E
91
15
'104
1963
1st
Power
mtge 3Vis series I
—
97
96
*94%
Q-Af
1950
..
100i2 101%
F-A
3%s__2000
1948
1945
1945
&
Maryland
ref
16
111% 112
13
120%
108%
110
106
112
1
110%
112%
111
84%
124
95
112 % 112 %
j-j
Q9
100%
90%
92
99 % 100%
93%
100%
108%
1946
Af-S
67%
66%
67%
76
36%
70%
1946
tAWestern Pacifio 1st 5s ser A
109%
105%
103%
108% 108%
Af-S
67%
66%
67%
215
36%
70%
Af-N
98%
98%
99%
69
84
99%
J-D
99%
97%
99%
76
87%
99%
Af-S
94%
93%
95
104%
A 5s
assented
J-D
88
86%
88
50
72%
90
68
86%
Teleg gold 4%s__ .-1950
19511';
25-year gold 5s
1960
30-year 5s-i.-.^.._..~..-w--..
.1951
Westinghouse El & Mfg 2%s
Af-S
65%
65%
66
241
54%
69%
West Shore
1949
(Oregon Lines) A
97%
57%
45
' 123%
Co—
coll)
Pac
95%
60
46%
F-A
.1955
1948
mtge 3%s
Penn
Western
Southern
85%
110
104
123
*109
ref gtd gold
40-year guaranteed 4s
Gen
West
46
103
1st
RR
Westchester
'
Bell
South
96%
72%
r4 O 00 cr*
Af-S
Washington Central Ry 1st 4s
1st gtd 3%s
102
99%
40
2
4%s series C
Washington Term
Western
Socony-Vacuum Oil 3s debs
South & Nor Ala RR gtd 5s
97%
Apr
Apr
1976
1978
1980
5s series B
gen
Walworth Co 1st mtge 4s
Warner Bros pict 6s debs..
30%
31
27%
M-S
1954
debs__
'•
29%
F-A
—
6
40
30%
54
22
28%
1935
3s debentures
Skelly Oil
97/B
1935
23As sinking fund debentures
Co
28%
47%
27%
t§ASilesian-Am Corp coll tr 7s
Simmons
M-S
46%
1933
certificates-,
series B
22%
deposit
tASeahoard All Fla 6s A ctfs
A6s
A-O
47%
22
1945
A
1st gtd 4s
tSAAtl & Birm
.
deposit
series
6s
cons
F-A
/'
109%
14
124%
'
9%
46%
85%
92
124%
28
J-J
1971
—1981
1991
,
AGen
104
«...
A Ref
A-O
109
86%
108%
1.
Wabash RR Co—
46%
a-o
85%
109%
93%
112
79%
104%
20
W
21
101 Va- 103%
*105%
'
93%
1958
86
6%
*103% 105%
•
—.
Af-S
"
"
50%
85
*85%
j-j
r.5.
66%
57
19%
j-d
110%
86%
82 V
64 %
*86%
__
108% 108 Va
J-J
....1968
5s
cons
Af-S
1st gold
1st mtge
fAWabash Ry ref & gen 5%s A___1975
A
101%
y.yyy.
M-N
1968
Virginia Pub Serv
fSeaboard Air Line Ry—
§A4s gold
102%
97%
97
80 %
63%
43%
j-j
95%
78%
96%
64%
1950
1950
Oct 1949
1959
102%
97%
*108%
1957
Va Iron Coal & Coke
1st
u-n
F-A
1955
4s series A
g
Cons s f 4s series B__
Va Elec & Pwr 3%s series B
39'/a
40
34%
j-j
gold 4s unstamped
93%
98
36%
34%
j-j
§ A 1st
9
83
35%
36%
1952
AGen & ref gold 5s series A
1990
St Paul & Duluth 1st cons gold 4s_1968
fASt Paul E Gr Trk 1st 4'As
1947
t§ASt P & K C Sh L gtd 4'As
1941
St Paul Union Depot 3'As B
1971
Schenley Distillers 4s s f deb
1952
Scioto V & N E 1st gtd 4s
1989
§ Alst term & unifying 5s
99% 101%
57
823
102%
102
.?
'{•
S'v
101% 102
75%
r
35
36
Af-S
Nov 1989
bond ctis
inc
1944
Power
Virginian Ry 3%s series A
fSt Louis-Southwestern Ry—
1st 4s
bond certificates
A2d 4s
44
6
35
-
1978
102'%
92%
73
34
36%
of deposit stpd———
A Certificates
32%
32%
——
series A
A Cons M 4Vis
A-O
102
103%
93%
38
•
83%
*82%
34
JASt L-San Fr pr lien 4s A
ACertificates of deposit
ACertificates
75%
98
a-o
1944
102%
102
102
.■
''
St L
St- L
A Prior
72%
97%
72%
77%
78%
,
1951
Utah
:
A-O
■
__
107'/a
38
107
:
J-J
105% 105%
101%
Gold 4'As
1968
64%
104
55
1969
Af-N
63%
62%
63'/4
421
53%
1981
Af-N
62'/4
62
62%
203
52%
66
3%s
1946
J-J
99%
99% 1C0 Va
151
93%
100%
1st 4s
1950
A-O
96%
95%
96%
49
87'%
97%
U-N
101% 101%
57
.2361
j-j
54
.1954
j-d
>
YY
5
83
57
54
54Vi
26
1
'
:
95%
101%
129
55%
103% 103%
j-j
.2301
127
43
101 %
61
41%
56 Va
66
Gold 4'As
1st 4s guaranteed...
Registered
68 %
Gold 4'As
Union
secured
10-yea.r
Fran
San
Term
Af-S
64%
63 '/4
West Va Pulp & Paper 3s
.1949
Wheeling & Lake Erie RR 4s
Wheeling Steel 1st 3%s series B. ..1966
Wilson
South
Pac
RR
1st
ref gtd 4s
1955
J-J
1994
J-J
1956
A-O
Stamped
Southern
Devel
Devel
Devel
A-O
96%
96
&
gen
6'As__
1956
A-O
99%
99% 100
33
gold 5s
1996
J-J
97%
98
21
1951
J-J
99% 100
51
ref
Bell
3s
Southwestern
gold 4s
Tel
series
Pub
3'As B
Serv
4s—
.1964
Standard Oil N J deb 3s
J-J
.1972
49
96%
92
68%
107%
Af-N
ACertificates
87%
98
92 4 101
98%
89% 100
84
111%
J-D
J-J
Studebaker Corp conv deb 6s
.1945
107% 107%
104
107%
48%
12
41 Va
104%
21
102%
.1956
u-n
.1961
Af-N
107
52
29
104%
A-O
111%
91%
100%
90%
116%
J-J
109%
91%
162
100% 101
17
—
—
8R
111%
91%
100%
101
114%
115%
1st 4s
ACertificates
Wisconsin
of
..1949
J-J
56%
11936
Af-N
23
1st 4s.
deposit
EJec Power 3%s
Wisconsin Public Service 3%s
56
*__
deposit
22%
79
58%
47%
64%
47%
62
23?/s
60%
50
14%
/"V"
*20
26%
15%
23%
1968
A-O
111% 111%
2
110%
111%
1971
J-J
108'/a 108'/a
3
107
108'/a
...
•Y
\•
'
t
Youngstown Sheet & Tube—
1
104%
101 %
98%
99%
•;;y
''Y
47
101%
103%
159
95%
99%
106%
102%
1960
99%
sy
111%
103%
3%s series D
U-N
102% 103
M-S
105%
1
1948
Conv deb 4s
107%
103%
107
107
;■
*T06%
103
Af-S
110%
104%
105% 105 %
J-J
Superior Oil 3'As debs
Swift & Co 2%s debs
.I960
U-S
108
103% 1071%
107
,
.1958
112%
106
■
of
§ ASu & Du div & term
1st mtge s f
.1961
1st 4s
Central
tAWisconsin
81
3
47%
104'/4
mortgage 3s...
104%
82
104%
8
*110%
F-A
1st
Co
Winston-Salem S B
87%
112% 112%
Apr
.1953
debenture-
100
J-D
.1968
C
ASpokane Internat 1st gold 4'As. .2013
Stand Oil of Calif 2%s debs
.1966
2%
53
1956
Southwestern
&
105
79%
6s..—.
1st
70%
82
85
104% 104%
78
79
gen
St Louis Div 1st
1st
104%
270
&
Div
Mem
4s series A
gen
86%
85
*__
J-J
Ry 1st cons gold 5s
&
86%
&
103
103
103
a
Deferred
delivery sale not included
in the year's range,
d Ex-interest,
e Odd-lot sale not
sale not included in the year's range,
r Cash sale
Included in the year's range,
n Under-the-rule
not included in the year's range.
.1951
3s
debentures
ii
j-j
.1950
deb__!
j-j
.1974
Company 3s
F-A
.1953
Texas
J-J
.1944
F-A
.1959
A-O
.1965
m-n
120
__
v
-
Z- %
'
112%
6
104
105%
112% 112%
2
110%
113
103%
105
*104%
■
09
125
104% 194 Va
■
§ Negotiability impaired by maturity.
tThe price represented is the dollar quotation per 200pound unit of bonds. Accrued interest payable at the exchange rate of $4.8484.
tCompanies reported as being in bankruptcy,
the Bankruptcy Act,
or
securities assumed
receivership, qr reorganized under Section 77 of
by such companies,
92%
24
106%
1.06% 106%
30
105%
106%
♦Friday's bid and asked prices; no sales being transacted during
106%
106% 106%
20
105%
108%
A Bonds
Uj
91%
89
93%
selling flat.
current week.
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4191
158
69
NEW YORK CURB EXCHANGE
WEEKLY
In
footnote
a
26,
the
week in
which
in
the present
Curb
Week's
Aero
Last
Low
Accessories
Investors
Air
.
Great
4%
Jan
100
5
Jan
7%
300
5
Jan
3%
2,300
1%
Feb
preferred*
3%
1,700
1%
Jan
100
27%
Jan
Apr
Bohack
5'A May
8% Apr
8% May
4% May
7%
OI
fl C»O K?
CItO 101
-
I
1
1
ft May
Jun
Co
6%
Co
preferred
10
2
7%
Breeze
25%
26
Apr
110
Apr
Brill
25
24
.
Jun
23% Jun
4'A
9
7%
Feb
May
28% Mar
Aluminum
Industries
■
■
Aluminium
6%
Ltd
105%
Jan
1,000
106%
Jan
113%
July
17
Jun
Am
Jan
10%
Apr
6
100
1
preferred
American Beverage common
Book
American
Box
American
Co
Board
class
Co
common
$5.50
103%
Central
American
Cities
American
Power
&
Cyanamid
Class B
Jan
Jan
""%
3,500
%
Jan
800
12%
Jan
28
Jun
100
82
Jan
92%
Jun
Fork
&
Gas
American
common
Jan
9%
Jun
Buffalo
General
Corp common
preferred
$2.50 convertible preferred
Hard Rubber
American
Laundry
American
5%
Jun
% May
Rubber Co
39
Jun
$5
35
Jun
37%
American
Mfg
Co
common
Preferred
American
:.
Maracaibo
;
Potash
American
36%
Apr
47%
10,900
%
Jan
17
17
500
26%
27%
2%
46%
45%
47%
1%
1%
2,800
ft Jan
12
Jan
12.300
19'A
Jan
108 % 108%
275
93%
Jan
5%
5%
200
3%
Jan
35%
36
36%
450
28%
Jan
Chemical
27%
Republics
27%
450
17
18%
18%
15,600
26%
200
10
American
Seal-Kap
American
22%
41
23'A
Mar
Jun
20%
Jan
13
Jan
18'A July
Feb
26%
Jan
39% May
Jan
V. 27%
88
Jun
Apr
May
Jun
%
Jan
It
400
20 %
Jan
ft 24% May
50
10%
10%
107%
4,300
%
ft
n
9,600
Jan
45
25
5%
2
common
May
3,900
22%
50
Superpower Corp common..*
1st
1st
preferred
$6
57%
Jun
Jan
11'A
Jun
2%
Jan
5 % May
32
Jan
U May
•
American
Anchor
5%
Thread
Writing
preferred
Paper
common
Fence..:
Post
6%
Gas
A
500
Jan
100% July
14%
3,900
2%
Jan
16 % May
3%
3%
400
3%
Jan
4
May
•
4%
4%
4%
1,000
2%
Jan
5
Mar
3%
3%
100
2
Jan
5
May
2
2%
300
1%
Jan
2%
Jan
14%
100
8%
Jan
15%
Jun
•
Elec Pwr 4 %%
class
Common
100%
13%
3%
pfd
100
14%
•w
105%
Aro
Equipment
Works
Metal
Inc
Ashland
Oil
&
Refining
Associated
Breweries
Associated
Electric
American
dep
of
1
Co
Canada
Tel
Associated
rects
Tel
ei
&
class A
Coast
Coast
Atlantic
RR
Voting
Cables
trust
Line
Coast
Co
Rayon Corp
Atlas Corp warrants
1
Atlas
Drop
California
Callite
Electric
Tungsten
Camden
Fire
Plywcod
Forge
7%
Automatic
Products
Automatic
Voting
Avery
6%
(B F)
Canadian
A
Class
B
Axton-Fisher
Ayrshire
Tobacco
class
Carnation
Co
Corp
M)
92%
Jun
Catalin
Corp
Jan
20% "Jun
Central
5%
Jan
10
Central Maine
Jun
L
■
6
109
Jan
Feb
2%
in
May
Jan
6 %
Jun
28%
Jan
4%
Jan
5,300
80
*
111%
100
7%
ft May
1%
Jan
3%
300
36
Jun
8
Mar
5,700
%
JanT ;
40 % May
8'A
Jun
2% May
8% Apr
8%
1,700
22%
23%
1,700
4%
600
2%
Jan
4%
200
3%
Jan
6
700
4%
Jan
9% Mar
125
16%
Jan
21% May
580
40%
Jan
110
Jun
5%
Jan
8
Jun
20%
20%
com__l0
90
87
98
—
—
—
-
6
Jan
15%
Feb
12%
Central
25
2.3%
Jun
Ohio
Power
Central
Cessna
100
Charis
19,000
%
Jan
3%
Jun
1,300
2%
Feb
5 Va
Mar
"ii
2,500
5%
5%
6%
4,700
2%
500
19% Jan
Jun
3%
iftft
Purchase
warants
common
Baldwin
30
Rubber
Co
Barium
Stainless
Barlow
&
$1.20
Basic
(L)
1
A
&
"5
~5%
3U0
3%
Jan
5 V4
July
5%
5%
2,700
1%
Jan
6%
Apr
5%
53,300
1%
Jan
5% July
100
•'
;vftftft
——
Feb
27 Vb
Jun
3%
Jan
4%
Jun
3
Jan
4
Jun
:
-ftv
X
..
'"*2% "2%
1%
13%
.
200
Beau
10
108
108
7%
Utilities
Mills
Inc
•
Bell
Tel of
Benson
&
10
1
1
common
preferred
Blue
$3
Ridee
Apr
Jan
14%
100
Feb
7%
Jan
21% Mar
14
14
common
see
July
18%
Jun
8Vs
Jun
7%
Jan
7
Feb
6%
Jan
13
Jun
17%
17%
200
15 %
Jan
19%
Apr
2%
Jan
4%
6
Jan
114%
Jan
_
4%
1,700
9%
X9%
9%
600
100
96%
94
95%
9%
350
9%
•200
9%
1%
1 %
1%
Feb
9% May
114% Jun
.
9%
10%
2,400
11%
ii%
50
10
25
100
~7
*:
100
200
5%
14%
16%ir
940
9
15%
16%
90
92
90
*
.""***
Service
P
•
L
&
$7
preferred
9%
9%
87%
7% May
3% Apr
88
Stamping
& Suburban Homes
Auto
Controller
Neon
Club
♦
Jun
% May
'
,
May
May
Jun'
24 Va May
13,000
3%
Jan
18 %
May
1,950
51%
Jan
98 %
Jun
500
4%
Jan
11%
48
Jan
96%
Jan
90
73
Apr
88
Jun
9%
20
90
100
88
Wi
—
Jan
8
% May
100
8
6%
Feb
8
Jun
13
"%
~~%
■■ft"%
32%
31%
32%
950
15%
14%
15%
4,400
13%
13%
100
4
common
Corp
100
Co
/
..
ft'-X
1
ft'
2%
/
Jun
4%
•
1
Mfg
Illuminating
Utensil
8
Jun
May
600
8
•
Lights Inc
Aluminum
7%
-
1
Lambert
Coal
•»«!
10
Co
Electric
Clinchfield
7%
Jan
Mar
;
preferred
&
84%
76
•
Claude
103
ft Jan
92
•
Cities
7%
7,
15%
10
common
preferred BB
$6
Jan
1
H -O
preferred
preferred B
60c
Jan
12 Vb
V "ft'ft V':
Cities Service
$6
1
Jan
80
May
6% May
7 % May
Jan
64%
Feb
1% May
10 ya
Jan
9%
Jun
9% Mar
Jan
100
81%
80
.
96 V2
106
Jan
7%
200
99% 100
•
5
1
Z'S
Apr
4%
—
5
Mining
Jan
4%
Co__5
4
Consolidated
Jan
7%
2,100
10
1
Co
84%
102
100
page
73.
Mar
1% May
33
May
5%
Apr
14% Jun
23%
Jun
Colon
6%
Development
Jan
%
1,000
5%
5 %
17 Va Mar
Jan
% May
5 % Apr
Apr
;<
-
34
Feb
Jan
15%
Jun
Jan
13%
Jun
28% May
6
.7%
300
2
Mar
2%
Jun
100
2%
&
8
Mar
11%
Jun
Arms
preference
Jan
5
Mar
Community
Public
Service
Jan
136
Apr
Community
Water
Service
1
33
Jan
45
Jan
Compo Shoe
35 'A
Jan
42
Jan
%
%
Jan
U
%
3,500
12%
12'A
450
9% Mar
1214
Apr
x9%
__
9%
500
6
10
Apr
Jan
7%
7%
150
3%
Jan
14'/a
14%
2,900
10%
Jan
2%
2%
3,500
13
Jan
44%
45%
700
38%
Jan
2%
45
it May
8%
Jun
16% Mar
3
45%
May
Jun
Conn
$3
c
warrants-
&
1946
Coke Secur
4%%
E
L
Bait
series B
Co
common
preferred
preferred series C
Consolidated
5
Apr
3,400
3%
Feb
8%
Jun
3%
6,000
1%
Jan
3%
Apr
250
51
49%
51%
ft
;
51%
,
V'.
•
■''.'ft
1
1G
3/64
20
20%
%
__
%.
V
1,060
8,200
47% May
550
Jan
<24
55%
Feb
52
Jun
332 Mar
1/64
Jan
14
Jan
21%
Jan
1 %
,-•1,600
3*2
10%
1
10%
400
7%
Jan
Gas
Utilities
I
•
100
100
1
n
Jun
Apr
Mar
% May
%
Apr
26%
Jan
27 Va
2%
Jan
5%
•
•
Biscuit
P
i
common
preferred
Consol G
Jan
Machinery—
Consolidated
4%
Southern
&
extended to
Gas
6
~8%
25
t
Jan
3%
50
100
Feb
3%
Commonwealth
Vb May
1%
~7%
25
8%
V
5,500
Electric—
800
_
6%
5%
8 %
warrants
5,800
15% May
11
4
1
Fire
Gas
11
3%
Airlines
Patent
:
6%
£1
Colorado Fuel & Iron
Columbia
X'ftftft
ordinary
preferred
Colonial
Colt's
•
common.
3%
7%
*
6
Jun
Co
14%
3%
14%
l
preferred
13%
Plow
115%
3%
l
convertible
For footnotes
1%
•
common
Corp
optional
Jan
3%
14%
~
...111111
common
4
16
•
common
1
Birdsboro Steel Fdy & Mach Co com..*
(E W)
300
♦
common
Blckfords Inc
Bliss
1%
100
Berkey & Gay Furniture
Blauner's
1,000
20
Canada
Convertible
5%
1%
__
5%
1
common
Hedges
5%
100
convertible preferred
Aircraft Corp
Bellanca Aircraft
108
100
3,400
8
4%
Chief
Jan
9% Jan
1
$1.50
Beech
Jan
'
Ties
Inc
102
200
17%
4%
Chicago Rivet & Mach
Cleveland Tractor
Jan
May
12%
8
50c
Childs Co preferred
May
'/a
Jun
112 Vz
17%
'
39
1,700
47%
Jan
12
*
pfd
pfd
common
Jan
2%
Apr
Jan
17%
1
5%
Products
common
29%
2%
May
7%
Mar
12%
preferred.100
Power
Mfg
Chicago Flexible Shaft
Cockshutt
common
Brummel
2%
Mar
23 Vz
38%
1
com
13 V4
106%
--
1
Elec
&
2"% May
Jan
Mar
6
•
Metal Weather Strip
Cleveland
3%
9%
22
1
West
May
300
Jan
3,600
13%.
preferred..*
Co.
7
7%
'
23%
■ftftftftv
•
Light
Jan
6%
__
common
1st preferred
Beaunj:.
37
Apr
3%
10
Gas
Jun
Mfg—
Refractories
7%
1
Steel
Seelig
convertible
Baumann
common
36%
.-
Apr
3V4
Apr
*
Chesebrough
Clayton
for
preferred
Apr
IV*
5%
*
America
26
Baldwin Locomotive—
7%
lVt
ft ^an
ft Jan
700
A
•
common
South
&
Corp
Clark
23%
Jan
3%
"5%
•
A'rcraft
Chamberlin
City
22 %
A
Jun
May
31% May
1% Jun
Apr
5%
■
A
Steel
Cherry-Burrell
City
23%
13 %
2%
—
1
York
New
5% May
B
•
16% May
97
Jan
4%
1
Wilcox Co
9%
Jan
Jan
,82
300
"l2
Alcohol—
Power 7%
Central
$6
Babcock &
10%
1,750
6% May
12%
Feb
Feb
16%
97
100
Hudson
10%
100
%
Mar
•
of
1,300
1%
15%
——
25
& Co
9%
8% X 9
■
pfd
common
Apr
900
Feb
10
Foundry Ltd—
Co
20%
""%
17,700
Jan
5
common
88%
4%
__
Assn
Carolina Power & Light $7
$6
preferred
(A
Apr
May
7%
1
Class B
Castle
Jan
May
6%
10
Corp
class
Apr
1
A
Collieries
Co
10 Va
Jan
2
17
Jan
Jan
*
&
Jan
4%
4%
9
25
Patoka
Carman
8%
47/e
Apr
ft Jan
3,003
12%
20
...
Products
4,900
12%
Apr
105
5%
£1
Marconi
City
10%
7%
•
preferred
Capital
(J W)
7%
'V:'
pfd
Products
—
"9%
94%
50c
preferred
Canadian
Carrier
500
Feb
18
"3%
50o
common
voting
non
Casco
6%
"9%
Mar
14
Jan
Jan
80
100
1%
3 %
Mar
5%
Industries Ltd—
Carter
35
5
common
7%
Jun
—
Jun
3% May
1% Jan
12
40
"l% "l%
voting
Jun
■
104
15%
12%o
25c
Power
Industrial
Class
Jun
69%
1
Machine
& Sons
&
Car
6%
5
8
800
900
"
participating preferred
5%
.4**.
•
100
14%
12%
.
Cement Co Ltd 6%'%
Canada
Canadian
106.%
2
common
Corp
12%
13
9 6'A
2
2.5
Insurance
Jan
....
5
Atlas
"3%
12%
1%
;
dep rets 5%
Caiamba Sugar Estate
Jan
16
__
"3
14%
certificates
Jan
.
50
Atlantic
Feb
14%
American
Central
5%
15
1%
Wireless—
&
1%
•
1
15% Mar
Jan
•;
C
1%
—
100
Jan
11%
"9%
Cable Electric Products
97%
pfd__100
preferred
Fisheries
12%
~3%
Corp
420
7
•
Co
Jun
Am dep rets
A)
1,500
6 %
6%
Jun
18Vz
10
common
(P
9%
—
31%
Jan
5
Butler
Burma Corp
14,900
.
Apr
Jan
preferred
5%
£1
reg
Atlanta Gas Light 6%
Atlantic
CO
Industries—
Associated Laundries of America
Atlanta Birm
•
44%
May
Jan
common
Burry Biscuit
$3
20%
9%
ft Feb
1%
May
.
Burco
5
<•/'
5
common
350
7 V*
£
Sullivan
&
9%
10%
72%
May
Jun
Jan
£
preferred...
4%
Light $7 preferred.*
Corp
1
300
common.
4%
5
Arkansas Power &
Art
-
105% 105 %
•
common
non-voting
•
.—.....lO
preferred
—
1
Apex-Elec Mfg Co common
Arkansas Natural
99.
14%
5
2
Angostura-Wupperman
Appalachian
99
•
$6 series preferred
Co
Hill
Canadian
American
1%
2%
May
Jun
6
36% Mar
Jan
80
">4
13
ft.'iw.
1%
70%
27% July
109
Jan
25
'
600
7% Mar
Jun
25%
100
•
17%
13%
26%
25
25
100
Jun
3'A May
33
—
*
&
5.800
2
2%
1
Co..
Meter Co
American
Jan
3% May
39% Mar
2%
5%
87
Jun
12% May
'
14%
preferred
Bunker
27%
"5%
Jan
23%
r,
Niagara 81 East Power—
$1.60
Jan
108%
Jan
1,700
6 Va
"'ftft'Hft 104
(E L)
Jan
100
10c
1
2
"4%
Co
preferred
Bruce
15%
20
common
A
Brown
15%
17
Jan
12 Va
preferred
900
1
Mach
Light & Trac
preferred
American
*2,100
2'A
$6
900
25
Co
American
6%
8% f
X8%
8% May
Class
34
•
■
75
Brown Forman Distillers..
38%
10
Electric
&
preferred
convertible
$2
Hoe
~6
72%
Buckeye Pipe Line
90%
Mar
32
10
~4%
5%
x
Bruck Silk Mills Ltd
28
10
class A
non-voting
Jan
61
Brown Fence & Wire common
4%
1% May
33
35%
Foreign Power warrants
American
4% %
Mar
100
■'
1
American
108
7%
89%
x8%
Jan
7%
3%
11 xv.;;
5%
10% Mar
rets ord reg
Jan
ft Jan
25
Class B
American
Jan
Amer dep
20%
ft
-
—
11%
1.000
1,700
Feu
Ltd—
100
Light—
A
A
American
Mar
Celanese
25
class
Convertible
Class
Mfg
120
British
%
_
23%
Vz
Tobacco—
250
26
*
1
4,000
21%
.
dep rects ord bearer..
dep rets ord reg.
"1%
""ft
*
preferred
prior
Apr
Oil
30%
7%
10c
B
preferred
$3
Mar
"4%
10
"1%
1
Apr
2
common.
29
Capital class A common—10c
Common
Co
128
Jan
86
***""
30%
100
American
9
Jan
30%
Mfg
Am
Jan
750
2%
%
Jan
600
10%
J
American
2,050
113%
98% 100
300
T:'-
~6%
B
British
116%
112
99%
6%
15'..';
10
A
American
13%
•
common
28 Vz May
9
July
Jan
Class /
113
•
common
Jan
Jan
"Mar
29
116
*
Apr
ft
5%
preferred.!
Brillo
113%
—100
Mfg
6
2,500
21%
Machine
class
Corp
Class
100
23
100
May
10% July
78 Va May
Bridgeport Gas Light Co
Bridgeport
46
150
.
14
ft
11
Jun
93% May
Preferred
500
25
•
common
81 Pwr
common
Jun
Feb
600
ftft
•"*"*«
Jan
3%
X 6%
Aeronautical
102
6
ft
1
Traction Lgt
Corp
Brewster
9
LOW
.
1,300
26%
9
Range Since January 1
ft,'"';
300
74
25
10
109%
1% May
Apr
10
71
ft ft V-'■/' V.'
74
preferred
Brazilian
10%
common
1st preferred
2d
iftft-;-,/'
ft.ft
13%
■•ft1/.
Bowman-Biltmore
$5
High
13%
•
10%
common
Jan
4
25
preferred
Goods
Saturday,
Sales
Shares
8%
^^ft'-ft':'ftft.
Inc
British
Aluminum
.
Jan
110
I
*
Aluminum
on
ahowa
are
for Week
Range
of Prices
Low
81 Co
Scrymser Co
Bourjois
Jun
3'A
(H C)
1st
Borne
3% May
35%
(S)
Jan
91%
•
common
Blumenthal
102
1
Inc common
conv
1% Jan
Last
Sale Price
Pa
Jun
21%
Week's
Friday
Exchange
July 2
High
24
1/64 Mar
109
>-*
T*v
Investment
A
400
1,500
Curb
Ended
72
—100
Investing $3 conv pfd
Products (Mich)
Class
ft
3%
3
3%
*
Intl
Allied
%
35%
50
preferred
Alliance
1,100
3%
•
& Fisher
"ft
8
35%
3
Appliance
Southern
preferred
Allied
"5
Feb
2
Alabama Power Co $7
Alles
Feb
3%
3%
Allegheny Ludlum Steel—
T7o
17
7%
ft
Electric
Low
,,
10
8
Warrants
Air-Way
$6
High
10
preferred
Alabama
y
x4%
5
1
50c
common
Convertible
..
Corp
STOCKS
York
Week
Range Since January 1
20'A
1
—
Ainsworth Mfg common
Air Associates Inc (N J)
Aircraft
weekly range
the New York Curb Exchange for the week beginning
on
New
Shares
22
22
__
1
B
the regular
compiled entirely from the daily reports of the Curb Exchange itself, and is intended
for Week
of Prices
Sale Price
July 2
Co commoa.__...MMM....10
Supply Mfg class A
Class
It is
Sales
Range
Friday
Exchange
Par
Acme Wire
(July 2, 1943).
Friday
and when selling outside
security, whether stock or bond, in which any dealings have occurred during the current year.
STOCKS
Ended
No account is taken of such sales in computing
they occur.
transactions of the week,
the range for the year.
extensive list we furnish a complete record of the transactions
ending
and
York
Week
RECORD
delivery sales are disregarded in the week's range unless they are the only
to include every
New
YEARLY
deferred
In the following
June
AND
and
NOTICE—Cash
5
62
118%
4%
60%
5
62
118% 118%
108
4%
109
4%
800
1,900
56%
Jan
Jan
Jun
62% May
40
111
Jan
121
Jui
50
103%
Jan
110 %
Jun
2
Jan
5
Jun
1,900
CHRONICLE
THE COMMERCIAL & FINANCIAL
Monday, July 5, 1943
NEW YORK CURB EXCHANGE
Ended
Week
Week's
Sales
Last
Range
for Week
Exchange
Curb
July
Ltd
5
1
8%
100
preferred
Royalty
7%
95
Cook Paint & Varnish Co
Cooper-Bessemer
$3
prior preference
Copper Range Co
Cornucopia Gold Mines
.
Inc
Corox
2% May
Jan
10% May
Petroleum
Cosden
2,100
15 ft
.'".'ft
12
9
Jan
10% May
800
8%
Jan
15% Mar
383/4
400
373/4
Jan
41
6 Vz
6%
1.000
ft
ft
500
ft
4%
Jan
•
8
ft-
"2
~2%
2
1,400
90
90
10
2
.
90Vz
Jan
Jun
3ft May
Jan
tt
23 % May
13% Jan
50
Jun
Courtaulds Ltd—
American
C
Croft
Cuban
Atlantic
Tobacco
common
Curtis
Lighting
Inc
Petroleum
Darby
Rubber Mfg
Class
Mfg class A common
prior preferred
$6
convertible
Gasket
6 %
400
1%
Jan
3 Va
3ft
2 %
Jan
4ft Mar
8%
8%
400
6% Mar
1%
1%
700
2
May
Jan
24
Godchaux
%
Goodman
Non-voting
Duro Test
22%
Jun
3%
Feb
Apr
7 ft
Duval
Grocery
2
May
Gulf
Mar
10
Mar
Gulf
States
16 ft
17 Vz
Jan
18
17%
17%
50
15
Jan
18
19
19 ft
400
113/4
Jan
19 Vz
Jun
31
31
40
24 ft
Jan
33
Apr
3 Vb
Jan
"3%
•■—4.
—
..
Jun
Jun
62
Jun
111
Mar
Jan
Jan
79 3/b
6ft
13
19 ft
Mar
18
~
6
6
Malleable
Eastern
States
Iron
Jan
14%
Jan
Jun
$6
5%
10
Jan
Jan
21 ft
7
Bond
Electric
21 ft
Electric
Share
&
Power
Option
ft
Jan
8 3/4
10%
10%
3
693/4
10%
3l'/z
Jan
76
12
12ft
4
Co
11%
2 ft
300
Light
:
35%
33
35%
2,075
Jan
preferred
19%
""% "is
27 ft
24
40
Jan
38%
25 Va
(A
Horn
&
Horn
Co
%
28
1,900
10%
Jan
24%
28
4,725
10%
39 ft
28
28
Jan
42
2%
Jan
•
Electric
Derrick
&
50
Falstaff
Fibre
Inc
Co
V
t
c
1st
for
400
5Va
Jan
900
47%
.22,700
,1% Jan
37%
36 % Mar
10
—•
Apr
4% May
49% May
Jan
Jun
,
5%
May
Jun
700
1 Vz
1%
2
"l% J
100
Feb
25
Jan
50
May
ft Jan
2
May
l'/a
31
;
Feb
Jun
2% May
Jan
6
ft
100
3 Vz
Jan
400
19 Vz
Jan
x33 % May
43/B
700
l'/z
Jan
4% May
4 ft
44
43
240
7
1,500
31
9%
50
9%
"9%
"9%
100
Jan
Jan
6
Jun
7%
Jan
Oft
May
44
Jan
4'%
9
6%
6%
6Vz
31%
5
■31%
Jan
3,600
2
'
4%
17 Vz
42
700
6.
24
Apr
lift May
11% May
9%
Jan
Jun
22 Vz
Jan
27
Apr
♦
7'/z
Jan
14
Jun
Jan
15%
Jun
May
24ft
Jun
14%
14%
200
11%
23
23%
800
21
26%
27 %
800
lb%
Jan
29% May
1,300
9
6%
Jan
10 Vb
Apr
17 Vz
8%
8%
Feb
25
Jun
32%
32 Vz
150
4%
32%
4%
100
29%
Jan
23%
Mar
4%
105
27%
Feb
Jun
Mar
113
Apr
Jan
108 Vz
Apr
14%
Jan
20%
Jun
60
Jan
78
Apr
71%
4.300
4%
1,800
3
7%
4%
73 Vz
4%
73
7%
200
Jan
6 Va
5% Mar
Apr
7%
Jun
2
Apr
ft Jan
19 Vz
100
19 Vz
Securities
Hydro-Electric
34
3% May
103 Va Mar
1
Hygrade Food Products
900
9%
9
5
8
Jan
22 Vz
Jun
1
preferred
•
Jan
4%
Jun
3%
Jan
9ft
Jun
4%
Jun
Illinois
Div
preferred
50
certificates—
2
Jan
42
Jan
65 ft May
Illinois
6,100
43%
Jan
71
29
36
2,100
353/4
8'/a
Jan
7
500
1ft
1%
32
5 ft
30%
30 ft
8%
2,900
93ft
93 ft
10
Jan
Feb
Jan
26
50
8%
1%
4%
Jan
36
Apr
8
30 ft
Jun
10%
lOVz
1%
-50
96
May
34
May
6%
Jan
1% May
i7fl
Jan
525
22%
Jan
900
2%
Jan
25 ft
Jan
30
Jan
17% May
5 3/B
29 ft
300
15
15%
200
7
35
5%
Jun
Mar
coupon..
9%
8%
9%
1,400
7%
Jsn
23/8
2
2 3/a
2,300
l'/z
Jen
3
Mar
800
7%
Jen
12
Jun
Jan
20 Vz
5
12
17%
20%
20 ft
'■
67
1
Motor Co Ltd—
7 %
preferred
Industrial Finance v t c common
7ft
preferred
Insurance
of
Co
rets ord
dep
of
3%
Jan
20
57 ft
Ja.i
68
225
99%
8 l'/z
Jan
$3.50
B
•
voting
Motor
Amer
dep
of
'3% Jan
1,900
6'A
Jun
Jun
Indus
•'
'•!.•- ••
V
3
1
Malt
&
conv
'•—i*
22
Jun
3
Jun
1% Mar
*AS;- .-'V
1ft
■
!
common...
-
":v
Feb
Mar
2%
500
Jan
lift Mar
650
16%
23 ft May
3 ft May
15
Mar
28
22'A
9
Jan
15
Mar
40 ft
41'A
41%
150
29
Jan
44
Apr
'
•
—
/•
45
—
Jan
Power
Co
common
preferred
General
•
•'
9ft
9ft
:
.
79
100
;
20
62
Jun
Jun
•
1
%
ti
International
Class
1
13
4
3%
13
1% May
Jan
Jan
4'A May
7%
Feb
8
13
Jun
'
preferred
General
Gas
For
series A
Fireproofing
&
Elec
$6
footnotes
common
preferred B
see
page
7%
__10
73.
15
•
•
100 Vz
73A
16
100ft 102ft
50
•
Jun
10%
400
9'/a
Jan
10 ft
Apr
Jan
21 Va May
10
91
Jan
160
20
Feb
32 ft
Jun
20 Vz
Jun
36
Jun
%
Jan
1% Mar
32
35 Vz
70
105%
Jun
20%
75
15%
Jan
24% Mar
84
850
69%
Feb
84%
Jun
15%
16
800
12 Va
Jan
16'/z
Jun
2%
Jan
11% May
l'/z
Jan
8%
9%
21
81 Vz
Jan
13'3 May
9% July
9% July
18% July
8%
9%
3,400
4 ft
4%
2,000
9%
9%
"9%
200
18%
16%
18%
24,100
18%
18%
18%
200
8%
8%
200
6% Jan
1
1
500
Vz Mar
*
•
*
Razor B_
Utility class A—
13%
Jan
14
Jan
5
,
May
,18% July
9%
Jun
prior
preferred
Equipment
"—1
Interstate Hosiery Mills
*
Interstate Power $7 preferred
•
Investors
Royalty
i.
-1
Iron Fireman Mfg voting trust ctfs—•
;
:
A.i___
Italian Superpower
1
—*
f>
•
^
n <r
3%
Jan
ft Jun
ft Jan
12,500
19
200
Jan
19
41%
41 Vz
150
32
Jan
42%
2 ft
2'%
600
2
'/a May
3%
Jan
21%
Feb
24%
Jun
1%
Home
Irving Air Chute
400
11%
Vz
ft
1% May
10% Jun
18 Vz
•
*
$1.75 preferred
$3.50
10
Jan
4%
Apr
7'/z
May
Apr
Vz Mar
Feb
Td
VJ6
100
%
17 Vz
18%
500
14%
Jan
19
9%
18%
9%
200
7'/z
Jan
10%
Jan
Mar
Apr
2
Jun
6Vz
Jun
1%
1%
3,900
6 ft
6%
1,800
2%
Jan
2 Vz
2 ft
200
1
Jan
2%
Jun
150
66
Jan
78 Vz
Apr
110
69%
Jan
87ft July
120
79
Jan
97
13%
Jan
17% May
115 Vz
"1%
'/a
Jan
6'/z
Jan
'
Jacobs
(FL)
1
Co
Co—
6%
Jeannette Glass
6ft
76
76
87
85%
87
93
93
93
& Lt 5%% pfd—100
Jersey Central Pwr
-100
100
preferred
preferred
Co
/<
*
—
/
V
£.ih l:
Jun
Jan
9%
1,200
12%
30'%
82%
Jun
2 3/a
2
100
4
Jun
Jan
*
10
B
Apr
K
Kansas Gas &
Kennedy's
£1
12%
9%
10
Jun
82'A
Electric Co Ltd—
Amer dep rets ord reg
General Finance Corp common
Jan
300
shs__♦
coupon
International Safety
'
—:
~
9ft
Jan
Jan
68%
'•
,
'
Alloys Co
7% Mar
100
80
'
Mfg Co common
1,800
'
warrants—
shares
International Products
7%
Gatineau
Jun
12%
34
.
100
1
Jun
Jan
50
19%
Apr
7%
12 Vz
105% 105%
31
Inc
1
Industries A_____*
Petroleum
16%
Jun
13%
—
•
Chem
&
Jan
16 Va
50
series—.—
Registered
Julian & Kokenge
Gellman
9%
43/8 Mar
16'A
13%
15
100
preferred
16
•
•
stock
15
3%
3VB
—1
1
Co
convertible
Jan
13 ft May
iy','.-
V'V.;:.-
•«.—•"•
■
—1
Distilling
Grain
(Geo A)
Jan
200
3ft
-
5
Brewing Co
participating preferred
Conv
Apr
Engineer—
10c
Co
20 Vz
12%
——
'
Franklin
Jan
100
2ft
2VB
•
Yards
Min
International
Interstate
16%
bearer—
$1.50 preferred
Froedtert
May
France—
rets
Common
(Peter)
6
153/4
600
20
19%
•
Worth Stock
Foundation
5
43/4
non-voting
Class
400
12%
Industries
Metal
>
reg
A
15 s
10'%
10
*
Machine
International Hydro Electric-
99'A July
Canada—
Class
8% May
12'%
12 Vz
100
—
North America
Cigar
International
-
Motor
38% Apr
Jan
July
500
68
98 ft
Light $7 preferred
10
5,300
5%
5 ft
5%
.10
(Phila)
&
Ve
11
•
Co
Power
10% Mar
..1
1
Association
Florida
Jan
3
£1
Indianapolis P & L 5%% preferred_100
Indiana Service 6%-. preferred
100
May
1
Metallurgical
Jan
25
5% Mar
•-
Co
Ireland
/
12% May
7,100
1%
32
29 ft
1
Feb
Mar
500
10%
5'/b
88
Zinc
Imperial Oil (Can)
Registered
Apr
9. ft May
arrear
£1
_•
•
Imperial Tobacco of Canada—i
5
Imperial Tobacco of Great Britain ft
July
2% May
29
313/s
....
1
1,400
1,600
4
3%
37
7%
Imperial Chemical Industries—
Am dep rets regis
1%
Airplane..
&
1,100
8'
14%
.
.37 Vz
—
37 Vz
7%
4
•
Co
Power
Iowa
convertible
5%
2,000
3 l'/z
common
Apr
Jun
13% July
69,900
1
common
6%
Apr
12
65
_10c
Brewing
Fedders Mfg
Gen
Jan
5%
5
-•
1
_1
Corp
Ligonier
69 ft
7%
5 Vb
Engine
Fansteel
5ft
_•
•
Huyler's common
Int
Gen
"'27%
;—5
62%
III5
Equipment
Pipe Line
Fairchild
5%
400
__100
67 ft
7%
_100
pfd
stock. ...*
Falrchild Aviation..
4%
84Vo Jun
138 Vz May
34
*
Hardart
(Harvey)
Preferred
$3
67% Mar
_•
preferred
International
Fuller
3% Jan
475
*
46%
I
Baking Co—.'
International
Fox
900
82
7%
4Tft
Ll
.1
*
& Co common
x64 V2
Inc
Eversharp
Fort
7%
7
Jun
5% Apr
7 ft May
4%
T%
5
*
G M
x68ft
4
Equity Corp common
$3 convertible preferred
Esquire
700
—15
Mfg
&
5%
13%
1
.
Power participating
Empire
520
5 ft
133/4
1%
Empire District Electric 6ft
Ford
Jan
33
33%
.10
9 ft May
*
Light 2d pfd A__
&
40 ft
5%
133/4
5
...
Watch Co
Ford
3%
Jun
3 l'/z
600
81
'
__2.50
Co common
C)
Hardart
Hussmann
Jun
Jan
5%
July
_•
Hummel-Ross
1% May
Jan
29
127% Mar
81
_5
common
(Geo A)
Horn
Mar
400
54 Vz
Jan
25
Inc
Hormel
Jun
Jan
Feb
22 Vz
*
7.,/4
;
2
_____
__'
Consolidated
Hollinger
Horder's
Apr
20
%
593/4
27
5
*
common
Holophane
2% May
Jan
50
100
5.
•»
5
50
25c
Heyden Chemical common.J:
(R) & Co class A.
Apr
42
54 Vz
28%
25
ctfs
trust
Co
Hoe
13 ft May
Jan
IS
3,200
57%
Apr
54%
5
10'
Rubber common
Hewitt
July
Jan
4
•
Henry Holt & Co participating A
Mar
3
7%
2,600
2%
warrants
Emerson
Am
ft May
Jan
28%
54 V2
_•
Preferred
Apr
Jan
l1/# Jan
8
"l%
108 Vz
Rubenstein
Heller
Jun
100
55%
•
Elgin National
Ford
Jun
Mar
114
Class A
Jun
Jan
2,200
57%
12'/a
•
Corp
Fire
3V .Jan
:
Apr
106
Jan
4% Mar
:
voting
Brewing
Feb
Jan
24
100
2'/b
"23/b
•
common
Electrographic
Eureka
12% Jun
107 Vz Mar
Mining Co
Helena
Jan
56%
25
30
~3
—1
v
preferred
preferred
Emsco
38 Vz
Jan
"
Jun
66
68
30
28
t c
Easy Washing Machine B
Economy Grocery Stores
$6
Jan
5%
Sugar Associates—
preferred
$5
26%
600
102% Jan
Paper
convertible
6ft
Jun
7ft
68 ft
•
$5
50
12
_•
Dept Stores common.
Hecla
9% May
Jan
—•.
■—
preferred series B
Eastern
May
_•
Corp
103A Mar
-fc-
__
---•:;
preferred series A
18'/z
37
of America B non-cot com__l
Hearn
303/4 Mar
33/4
i:
*
$7
Jan
pfd
Hazeltine
19 ft May
24
Jun
$5.50
Hat Corp
4 ft May
2
25
Corp
12%
25
Co
Rayon
Harvard
1% Mar
700
6
100
Eastern
13
2,900
17%
1,700
common__25c
'
Alabastine
Electric
Hartford
Apr
Jan
%
Lamp
Hartford
Apr
9
•,
preferred
51% July
6% Mar
Apr
Jan
...
Utilities
Hammermill
Jun
Jan
10 3/4 Mar
•
common
Feb
45
H
Hall
3% May
1%
810
100
Fuel Assoc
prior preferred
10
•ft
Apr
62 ft
2,000
—
__10
Lead
Picher
Gas &
51%
4% Jan
96
•'
_.
Inc
Humble Oil & Refining
4ftft
Jun
90Vz Apr
9% May
llVz
ll Vz
May
x8%
3 ft
79%
3 ft
x67 %
4'A
Jan
Feb
110
'
5%
Jan
50
25
•
—
3ft
1%
200
3%
62
62
62
8 ft
1,100
25
Oil Corp
5%
Eagle
100
100
...
Products
Stores
May
Hubbell
East
109%
Jan
37
_•
Paper
preferred
Gypsum Lime &
•
1
*
Sulphur
Texas
Apr
Jan
89 Vz
16%
17
.*
stock
preferred
1st
Northern
$6
*
class B common
39 Vz
4%
Tea—
Greenfield Tap & Die
25
common
Pacific
&
Feb
*
Corp
ft May
Jan
11
10
common
9
10
Hosiery
Durham
8%
51%
51%
._
Atlantic
Great
11
1%
*
Duke Power Co
Jun
6
31
.....50
_
.
11,400
1
Coal B
&
8%
Grand Rapids Varnish --—J....-.—
Gray Mfg Co__
!
.5
2
1
Co
100
.
1
Mines
common
21'/a
•
Steel
Mig
20'/4
20 Vz
20
Harris
100
L*
Great
500
Corp
Driver
'
■;
preferred
$3
v
Draper
5 Vz
39
2% May
Jun
74 Vz
112
100
•
"
Mfg Co..
Apr
18 ft
Dominion
39
2,300
♦
Inc class A
Gorham
Apr
24 ft
Bridge Co Ltd
Consolidated
Goldfield
1%
18
Dominion
i
$7 ■ preferred..........—.
15%
24 ft
common
Jan
5 Vz
1
•1
Feb
10
Co
3%
class A
Sugars
Jan
10
Dobeckmun
Jan
»
6
common
common
Jan
103 Vz
Coal
50
Products
Truck
52%
30
Class
:■
Feb
1,300
Divco-Twin
Alden
Glen
400
3%
common
Jan
130
•
12%
3ft
Shoe
Vz
73
110
•
"%
3Vz
Steel
"2%
2
72%
Co..
12%
1
10
preferred
Jun
Jan
1,900
Vilbiss Co
May
May
110 -
Preferred
:ftft"%
-I
1%
Co common
8%
14
19%
1%
1ft
Stove
f.:2
...
Gilchrist
2
*
1
•
preferred
•
Gilbert (A C) common-..^.-.—..1
Gladding McBean & Co
Apr
62
pfd A..100
6%
High
74
Jan
4% July
600
114
Mich
Diamond
4 1/4
1
Detroit
7ft
3 ft
3
20
Foundry
Gray Iron
De
4'%
X673/4
preferred
Detroit
20
•
•
$5
Gorham
1
Mfg
&
60
Jan
30
Vz May
58%
Georgia Power $6 preferred
\i May
preferred
Detroit
Detroit
Jan
*
Derby Oil & Refining Corp com
A
32
ft
"
100
debenture
8%
6,000
%
1
5
50
Dcjay Stores
Dennison
24% July
10% Jan
35
convertible
A
Jan
5
—*
1
common..
Davenport Hosiery Mills
Dayton
Jan
10 %
2.50
5
common
(Mo).
Curtis Mfg Co
15%
2,600
5
•
Sugar
Cuban
14,200
10 ft
•
10
Oil Refining common
preferred
Crystal
$6
24%
10.%
—5
*
25c
25
International A—
Cork
22.ft
10 ft '
*
Drug Co common
convertible preferred
Crown
24 ft
*
1
Crowley Milner 8t Co
Crown Cent Petrol
(Md)
Crown
Jun
8
Jan
5
Co
Brewing
5%
500
8
receipts (ord reg)—£1
dep
Petroleum
Liquidating Co
W
LOW
61
58%
preferred..*
preferred
$3
,
Creole
Rubber
Range Since January 1
High
2% May
Jan
%
79
1,800
2%
21
20%
ft Apr
10%
Apr
low
Shares
100
pfd
$6
Water Gas & Electric common
Gen
7% May
Jan
32
Apr
6%
Service
Sales
for Week
Range
of Prices
Sale Price
Co A stock
General Shareholdings Corp com
$6 convertible preferred
Mar
12%
6%
—1
—50
preferred
convertible
5 %
95
Jan
12%
1
•
common
Jun
Jan
9 ft
38%
38%
*
—
Reynolds
$6 preferred A
&
Corroon
Tire &
Jan
76
Last
•
Rayon
1 Ve
170
ft
•
*
*
5c
common
General
11%
1
*
& Steel
Continental Roll
95
100
preferred
prior
Jan
53/4
Continental Gas & Electric Co—
v
6 Vz July
107
Jan
107
'
Public
800
10
94
—
Outdoor Adv
General
•ft 9%
—
«
General
General
300
"2'"•ft "2 ft
10
——*
Oil
Steel /Corp
Consolidated
ft
'
.
Jan
3 ft
1,500
6ft
6'A
Week's
Friday
Exchange
July 2
Par
Mar
41
Jan
31
425
•
Consolidated
Curb
Ended
High
Low
38 Ve
37%
"5 ft
York
Week
Range Since January 1
High
Low
-
& Smelt
Retail Stores
Consolidated Mining
New
Shares
of Prices
Sale Price
2
Par
Consolidated
STOCKS
Friday
STOCKS
York
New
800
133/4
Jan
130
90
Apr
16%
107
May
Apr
Mar
Elec 7%
5
Inc
Ken-Rad Tube
preferred D
Kingston Products
Petroleum
Kirby
8%
7% pfd B
;
100
100
1
1
8%
13%
.-*
& Lamp A
Kings Co Lighting
5%
preferred—100
8%
14%
100
650
5 Vz
47
32
3%
3%
3,200
3%
1,200
J an
123
May
8% July
14%
Apr
Jan
50
Jun
Jan
37
May
4
Jun
4 Ve May
Volume 158
THE COMMERCIAL & FINANCIAL
Number 4191
CHRONICLE
-
NEW YORK CURB EXCHANGE
■
"
New York
Week
Exchange
Curb
Ended
July
3
Klein
'Ltd—1./
Emil)
(D
Klelnert
Knott
(I B)
preferred
Kresge Dept Stores—
4%
100
Kreuger
Brewing
New
High
Low
14 %
14%
100
11
Apr
Apr
14% Jun
Nebraska Power 1%
Apr
10
Apr
9
Jun
Nehi Corp 1st pfd
——
Nelson (Herman) Corp.—
—
10
Feb
4% Jan
Feb
92
Jan
100'A Mar
12 Va Mar
620
14% May
1
6%
~6%
~6%
4%
1,600
Jan
6%
Low
$2
England Tel St Tel
Lane Wells Co
34
35%
12%
13%
3 >/8
3'A
5%
5
20% Jan
.•
5%
'
11
1
3% Jan
13,700
%.
%
Haven
T.5
12'A
11%
12%
.25
...
3,800
Clock Co—
22
23
200
17%
16'A
350
12%
Jan
Corp new common..—10
Long Island Lighting common
*
1% preferred class A
;
100
6% preferred class B
100
83A
8%
9
4,300
6%
2
1%
2
2,200
i7e
800
21%
Lone Star Gas
,
Loudon
Packing
Louisiana
Land
Power & Light $6 pfd
Lynch
Corp
&
Exploration
1
4%
10% Mar
N Y Power & Light 7% preferred_.100
$6 preferred—...
———.*
111%
Jun
common
—....
N
Y
Founders
shares
Y
Jun
Jun
July
2% May
16%
Jun
Jan
9%
Apr
Jan
2%
6% May
7%
7,900
Jan
8
Mar
Jan
107%
Service
Water
6%
5%
Stores
1
convertible
preferred
(The B)
Consolidated Mfg
Mapes
International
Marconi
munication
29% May
Jan
400
—
—
%
Jan
2%
Jan
57
2%
4%
Jan
Jun
Feb
Jun
90
Class
Class
Niagara
Class
Niles-Bement-Pond
Nineteen Hundred
Nipissing
J
CJ ^
I
34
•
100
•
:
Steam Shovel
$6
23
173e
—
1%
23
300
*
...1,
26
Jan
35*
4
&
Jan
23
Jan
6% May
2 A" Apr
Jan
1,600
l'A
\
class A—1
2
19
Jan
7%
*
7%
5
———
.
2'/a
1%
1
May
Jan
8%
Jan
25c
15
•
...—1
_____2.50
*
——10
,
1
Steel Tube
Michigan
Michigan Sugar Co_
;:i Preferred
a
Micromatic Hone Corp
Middle States Petroleum class A v t c_l
Class B
Middle
Jan
Corp
Midland
5
common
Midland Oil Corp
$2 conv preferred..*
—
—
—
—
—
$2 non-cum dividend
Co
Central Texas Oil
*
shares
1
1
Oil
Midwest
50
-10
Piping
Mid-West
Co
Supply
&
7
200
1% May
7% Mar
6% Mar
—
4% Mar
6'A
Jun
2,700
x3%
Jan
8 Vb
Jun
1%
3,300
%
Jan
2
Jun
8%
8%
5%
8
1%
8%
2,800
4%
Jan
9'A
Apr
Mar
9%
—
__
19
2
100
8 Va
8%
30
2
2
19%
29
19%
8
8%
7UU
150
—
15%
Jan
19%
Jun
475
k
25%
Jan
35'A
Apr
—-t-
21/8
2%
1,000
1%
1%
200
pfd
pfd
100
Minnesota
Pwr
Missouri
&
;
Mfg
:
Service common
Public
Mock Jud Voehringer
Pictures
Loan
56
57
—
—
—
.
1
Montana Dakota Utilities..—;—--—10
—*
Moody Investors partic pfd...—•
Mtge Bank of Col Am shs
Mountain City Copper common
5c
10
Mountain
Producers—
Mountain
States
Mountain
States Tel & Tel
Power
*
common
32
7%
preferred...
6 'A
Ohio
Brass
V
$6
7%
Pacific
Candy Co.
$3
National
Container
National Fuel
National
—
_
*
_1
__
Can
5%%
•
National
Refining common..
National
Rubber
National
Steel
National
100
——
*
National
Tea
National
Tunnel
National
Union
_
For
l4i-
_
70
21%
32
210
*
5%%
VB
16%
Pacific
Public
*
4%
7%
12
May
%
Jan
13
Jan
17
2l'A May
Jan
4
1% Mar
■
6%
•—w' •"
i4%:
163
July
Jun
l7/a May
Jan
f% May
180
Apr
21%
Jan
20%
22%
Jan
"l'A
Jan
400
4%
13%
32
footnotes
see
_
112%
200
Wi 9
Apr
Jun
6%
18
Jan
126
Apr
Apr
Jun
Jan
15'A
/12 Va
350
10%
Apr
73.
33% July
23%
Jan
32% July
30
51%
Feb
53
100
%
Feb
1% Apr
4
Feb
6
82
Jan
7/o
%
99
7/q
101'A
110
1
50
110
7
50
7
6%
24%
4%
*>
% May
May
Mar
Jun
102% Mar
101% July
110
Jun
3,700
4%
Jan
8'/4 May
24%
100
16%
Jan
27'A May
'
4%
4%
3,200
2%
Jan
21%
200
17%
Jan
102%
120
Jan
21 */2
o
101
107
50
103% Mar
107'A 107%
•
»
B__
Jan
5% Juh
22% May
102%
Jun
115% Jun
113% Mar
.
108
Apr
8%
A,
r
Jan
12
Jun
16%
Jan
19%
250
48
Jan
120
110
7
5
15
19
'
114
19 %
1,000
54
19%
54%
113% 114
..
.
MM-.
-
—
'
Apr
54% July
—
Feb
117
May
Jun
8
Feb
3% Jan
—A:
■
8
Jun
3% Jan
7%
Jun
'
7'A
6%
7%
800
34%
34%
800
31
Jan
35
30%
30%
100
28%
Jan
31
102%
Jan
•
1st pfd
.
$1.30
1st
8% Jan
25
34%
25
1%
•
pfd
100
9'A
800
4%
Jan
10%
Jan
15%
91
91
Jun
Apr
91
40
•
preferred
—...
...•
Page-Hersey Tubes common
Pantepec Oil of Venezuela Am shs
Corp
18
~7'/«
900
._1
Parker
Motors
Pen
Co
Patchogue
&
Plymouth
Mills.
Peninsular
Telephone
preferred A
$1.40
7%
36
36
...
*
98
98
•
Penn Water & Power Co
Jan
Apr
4% Mar
Jan
17% July
1%
27%
65
118
64%
116
700
95
100
25
6%
x8%
Securities
common
Pierce
Governor
Pioneer
Gold
Pitts Bess &
L
E
170
Meter
RR
99% Jun
Jun
Jan
Jun
Feb
%
Jun
2%
Jun
65 %
Jun
Jan
118
Va Jan
34
Jun
Ja.n
7
Jun
5
Jan
8%
Apr
Feb
33%
Apr
9 Vb
Jun
July
8%
8%
400
21%
21%
8,500
8%
Jan
22
Jun
5581
250
42 %
Jan
56%
Jun
12%
13%
1,100
8
Vb Jan
13 Va
Jun
1%
1%
2,800
1 Vb
Jan
2%
Apr
7%
7%
300
6
Jan
7%
Jun
38
Jan
42'A
Jun
62%
60%
62%
1,850
47%
Jan
62'A July
12%
13
200
10'A
Jan
14% Jun
94%
94
94'A
600
84%
Jan
97
3%
100
2%
Jan
8 Vb
r
■
-
i
Jan
i Vs
•
,
50
Pittsburgh Metallurgical.
Pittsburgh Plate Glass..
Pleasant Valley Wine Co
.10
,25
.1
4% Jan
'
—
3%
common
Apr
4'A Jun
13 V\
Jun
10
12% Mar
14% Jun
25c
common
Mining Co
Sugar
95
Jan
55 U
50
Scale
Jan
8%
12%
Pittsburgh & Lake Erie-
Inc
Jan
74%
21%
1
10
Ltd
Postage
76
150
31%
common
Mines
Pitney-Bowes
series A
Apr
4
8%
25
*
Co
Jun
l'A
104
1%
8%
Packing
Jun
36 %
21
•
pfd.!
63%
Jan
5iy8
65%
118
1
common
Jan
% Jan
1,500
2%
Pharis Tire & Rubber
Phoenix
32'A
3%
2.50
Philadelphia Co
Phillips
Mar
Apr
9%
»
5%
May
32% Mar
% Mar
•
Co
Phila Electric Power
19
35
Jan
7,300
99
170
——4—100
Mfg Co—.;
23'A May
Jan
20
.
Apr
Apr
13,900
170
93%
50
common
6%
28%
44
it
Co
Jan
Jun
7Vb July.
50
17'/a
com
Co
Circle
200
15 Vb
Pennsylvania Edison Co $5 series pfd_*
$2.80 series preferred
*
Perfect
32%
"4% 1%
4%
17%
Light $7 preferred
84%
31
1
preferred
18
Jan
Jan
9% Jan
Jun
5'A Jun
28
1
Mfg
1,300
32
•
Penn Cent Airlines common
Penn Power &
17%
25
Penn Gas & Elec class A
Jun
Jun
95
3%
14
17%
17'A
♦
common
Jun
108'A
15% Feb
6% Mar
Pennroad Corp common
Pepperell
84,700
10
Rig
Jan
13% May
72%
1
Reel
A
18
l'A
18
•
Paramount
Jan
73
3%
14% Mar
2
Jan
1% May
common——.—....A—5;
3%
Feb
9% Jun
Jun
Powdrell
&
Alexander
5
4%
Jan
7
Apr,
Jan
2
Jun
Power Corp
of Canada
•
5%
Jan
x9
Jun
May
27
May
Pratt &
Lambert Co
Jan
29'A
Mar
Jun
Premier
Gold
55,500
Vk
24
23%
24
100
18
23%
';—v' A
23%
300
15%
44%
__
11 %
ll7/8
600
11
11%
11%
19,400
25%
Jan
Feb
■
25% May
51% May
Prentice-Hall
102
101% 102
330
fi Vo
6%
100
11%
O': itA'
11%
400
18%
19 VB
600
■
-
—-
12%
';
Mining
1
•
common
Jan
12% May
Pressed
Jan
12
Apr
Producers
4
Jun
Prosperity Co class B
87%
12%
1.300
1%
1%
100
3%
1.700
Jan
: 102
July
of
Metals
Corp
America
of Nevada
Gas
Public Service
Jan
7
May
6%
1st preferred
6%
Jan
13
May
7%
1st preferred
Feb
49
Jun
Jan
A; 21
May
Jan
11
8%
Apr
Jan
1%
%
13%
Apr
Jun
1%
Feb
Jan
4%
Apr
Jan
1
6%
1
7%
6%
400
&
3% Jan
400
%
•
700
•
41
Mar
Jun
May
7% Mar
'A May
tV Jan
4
7
8
Jun
# Feb
Va Jan
34
C';8
Jun
8% Mar
of Colorado—
3 VB
9%
19
5,100
Inc
8%
•7
——■
12%
3%
350
9
40
19
•
2% Mar
"
10
30c
page
22% Jan
800
52
70
25
.
Radio
1,900
32%
52
—1
Conv $3 preferred
Jan
.
Jun
2 % Mar
Jan
250
.
•
Mines
33%
29%
106% Jan
Service
Traffic
10
..
.12.50
&
Jan
30
common..
& Light
Penn
250
18
1%
*
preferred
52'/4
80
Power
Sugar Prop
1,700
2 %
*
Ltd
Transit
National
pfd...
Machinery
Car
1,900
113'A 114%
common
Penn
5%
.
172 .»•
—
Sugar Refining
Light $6
69
112% 113%
Pacific
Providence
&
4% Jun
Jan
113%
preferred
Apr
1%
*
Mfg & Stores common...
Power
Co
1st
Salt
350
50
__
National
1% May
Jan
%
&
113%
Lighting $5 preferred
$6
6,200
9
——1
(Del)—
Gas
Jan
3%
29%
..
1
Pacific Gas & Elec
Potrero
City Lines common..
convertible preferred
%
200
3,800
"
Penn
3%
•
National
1,600
4%
100
.
1st
Securities
Overseas
Jun
18%
'..i.
National
Jun
32%
50
May
3%
11%
2
...
__
Apr
9
33%
—
69% Mar
Nachman-Springfilled
Breweries common
12%
68
100
Oliver United Filters
Pneumatic
National
Feb
Jan
May
pfd__ —1C0
preferred
common
90
...—.100
common
103%
8%
5,300
"l%
4'A;
102 %
preferred
Polaris
Hess
ii May
6% May
Jan
vVJr
65%
•
common
1st preferred
109
13
14%
9'A
Bellas
U
"l'A
%
A—
B
Public Service
Plough
National
10%
—■
preferred
Jan
Jan
24,300
Mar
59 'A Mar
Jan
i
*
:
Jan
V« Feb
8 Va
10%
: 4
class
Co
Jun
8
r, v* 6
*
preferred.
3'A
91
———100
Ogden Corp common
90
5%
2
18
common
Co
900
1,400
1/128 Jan
% Jan
—
Corp—
Jan
300
31%
1 Va
12%
Muskogee
6'A
Northern States Power class A—25
50
400
21%
—
:—2%
Piston
19
'
Ring
Muskegon
Apr
12
-L
100
Murray Ohio Mfg Co
Apr
1%
7
172
*
Heat & Power.
2%
Apr
1%
'
Society A
Montreal Light
Jan
1
18%
3%
Apr
Jun
1%
10%
18%
1
2%
8%
Jan
12
—_—...*
Montgomery Ward A
—
Jan
Jan
:f.
~7
12%
common
475
1%
6%
14
100%
*
Molybdenum Corp
Monogram
56
2.50
1
common
Monarch Machine Tool..
5%
5%
pfd.100
Feb
—
200
*
1%
Light 7%
Mining &
6%
Jan
Apr
5%
2 VB
Mississippi River Power 6%
Minnesota
39,400
Jun
50
,
Pacific
6%
7%
1
*
*
100
Monroe
%
Jun
"
7%
*
Refineries
Mining Corp of Canada
3/64
iV
3%
Feb
% Mar
Jan
100
7
*
common—*
Midwest
1/64
Va
;
5
Nor Indiana Public Service 6%
Parkersburg
Abrasive
Mid-West
Jun
Jan
Jun
31 % Mar
109%
Jan
4%
Apr
Steel Products—
Midvale
Jun
72
1%
2% May
Mar
Apr
A
—
2%
Jan
108
—
108
J»n
1%
28
1
v t c
West
83
Jan
1 Va May
1
Participating preferred
Metropolitan Edison $6 preferred
Michigan Bumper Corp
Jan
42
Utility Securities——*
$5'A conv prior preferred
28
98'A
102% 103
100
A preferred
Corp
54
520
•
Rayon class A
common
American
$3
%
Textile
5,975
—
*
Oklahoma Natural Gas
Jan
*
Messabi Iron Co
Metal
87,300
prior preferred..;—..A———..50
6%
Jan
Jan
Warrants
6 % Vo
3%
82'%
—*
preferrediwuiu.—
Oilstocks Ltd
2%
21
& Scott
Chapman
May
72
A
I
Omar Inc.;.——Mcrritt
23
109% May
58% May
65
5
North American
Ohio
_*
preferred
Participating
Jan
77
Light & Power common__l
Ohio Power 4%%
125
5
common—
Merchants & Manufacturers
Jan
8
•
Co
Stores
Jan
36%
July
11
3%
l'A
4%
Memphis Natural Gas common
Mercantile
102%
250
•
Mar
*
Dredging—
Johnson
2%
90
52%
Jun
Jan
—•
common
McCord Radiator & Mfg B
Mead
3%
•
....
Mines
North Amer
Ohio Edison
McWilliams
111% July
Apr
104
Com¬
^
Mass Utilities Association v t c
Massey Harris
24% May
13 Va July
72
1
,
Corp B
Electric—
Noma
Novadel-Agene
2
Co
Marine
Margay Oil Corp
Marion
4%
4%
_i
Feb
4% May
8 'A May
Apr
*
Ltd.*
Co
4%
*,
Co
31
82%
...
—
North Penn RR Co
$5
Jan
16% Jan
108% 109
52
preferred
100
——.100
preferred
A optional, warrants.——
B optional warrants.——.
Share class B common.—....5
A preferred
100
Northern
Manischewitz
Jan
95% Feb
108%
100
10
common
1st
2d
North
Mangel
Jan
102
101
pfd.100
pfd
Niagara Hudson Power
6%
1,100
Feb
2%
1
Y State Electric & Gas $5.10
N
Jan
2%
Jan
2%
3%
107% May
Shipbuilding Corp—
N
May
2%
28
^
Co common——*
Merchandise..—
Class B
ManatI Sugar optional warrants
3'A May
18
1
18%
Jan
13%
20
5
common
Jun
l'A
;
—
24
1,900
5%
Jun
21%
68% Mar
10
1,875
103
9 /
Jan
Jan
Y
7
I'/s
Jan
N
l'A
*
Jun
13%
N
23
Jan
Jun
17%
57%
■
Feb
39%
38
49
Jun
1%
41 % .44
39'A
5'A May
V.v 5'A May
.65
——.—..*
Mar
Apr
44
July
39% July
44
•
Louisiana
;
Jun
6
11% May
Jan
Y City Omnibus warrants
Y & Honduras Ros&rio—10
12%
Jan
15 %
.....
Apr
112% May
87%
Y Auction
31'A
Jan
Vb
15 %
Inc 6%. preferred
High
21
101%
N
1% May
7% Jan
23
(Thos J)
Jan
9% Jan
..——.*
9% May
% May
Jan
_5
Lipton
Lit Brothers common...
Locke Steel Chain....
Jan
25%
>
N
■5%
Line Material Co....
Jan
1
•
—
47
100
16% May
Va Jan
24%
1%
New Process Co
5'A Mar
Feb
4% Jah
3,800
7% Mar
—
Apr
21
12 %
8%
x8%
104% Feb
Apr
11%
% Mar
1
common
•
Jan
Jun
101
Jan
19% May
2% Feb
•Convertible preferred—.
.——*■
Lehigh Coal & Navigation.
——V
Leonard. Oil Development—..
25
Le Tourneau (R G) Inc
—..rl
12%
4'A
6
Feb
63A
Langendorf United Bakeries class A__*
Class v.; B
-J*—
—* •
Lefcourt Realty
t
Jan
3% Feb
-11%
"
60
14%
.
100
100
common.
39'A
8% Jan,
2
400
—
••
New Jersey Zinc—
—.25
New Mexico & Arizona Land.————1
1
Low
19%
110
8
-
New Idea Inc common.
_100
...*...1-'
Range Since January 1
Jun
New
Lakey Foundry & Machine
Lamson Corp of Delaware
Lane Bryant 1% preferred
Shares
•
England Power Associates—-*
—————100
preferred.;
preferred—
-•
New
Lackawanna RR (N J)
Lake- Shore Mines Ltd....;..
for Week
High
19%
110
100
Neptune Meter class A————*
Nestle Le Mur Co class A———.*
-Ava
6%
preferred
Sales
Range
of Prices
Oil Co—.....————•
Navarro
13%
10
96 %
95%
-Last
Sale Price
9%
96
Week's
Friday
Exchange
ftt t
New
Co
Curb
High
Va Jan
—
York
Week Ended July 3
Range Since January 1
«
r
convertible 1st preferred——.100
(S H) special preferred
10
Kress
Shares
-
Stores; Inc....
Koppers Co 6%
Low
STOCKS
for Week
10
1
......*
Rubber Co
Corp common
Kobacker
Range
common.........*
Co
Sales
of Prices
::'
.Por:;'.'Vr.
.
Kirkland Lake O M CO
Week's
.Friday
Last
Sale Price
STOCKS
100
100
104
Apr
106'A
Jan
109
Apr
114
Jan
225
101%
Jan
117%
Jun
2,100
45 Va
Jan
75%
7'A
Ja
13%
Apr
8'A
Ja
15
Jun
113
10
116% 117
—113
Puget Sound Power & Light—
$5 prior preferred
.$6
preferred
Puget Sound Pulp & Timber
Pyle-National Co common
Pyrene Manufacturing
•
•
•
5
10
116%
72%
12%
8%
71%
11%
~8%
73%
12%
"9%
700
400
7'A
Fe
Jun
9% May
.5 }'■
'7-"'
/
-
''.'-V-
'J.
9
-
■
v?
THE COMMERCIAL & FINANCIAL CHRONICLE
72
'|;VrNf A?'.
■'' •;
NEW YORK CURB EXCHANGE
York
New
Week
York
Week
Low
High
Low
Par
STOCKS
New
Range Since January 1
for Week
Range
Last
July 2
Shares
of Prices
Sale Price
Exchange
Curb
Ended
Sales
Week's
Friday
STOCKS
High
110
70
Jan
92
Mar
152 % 152 %
30
146
Feb
156
Feb
400
13
July
13
July
88%
Quaker Oats common
lioo
preferred
Quebec Power Co
6%
(Hugo)
(S)
Sullivan
88%
'
13
13
13
Last
Sun
for Week
of Prices
Low
Shares
Range Since January 1
-
High
$y::;Lpw$%
Corp---—
207/a
Machinery
19%
20
11%:
19%
•
1
Oil
21
11%
•
.
"4%
1
5% % convertible preferred
Superior Port Cement class B
High
% Jan
Co
Ray Drug Co
Sunray
Sales
Range
Sale Price
Par
Stroock
87%
Week's
Friday
Exchange
July 2
%:. v
Stinnes
Q
Cnrb
Ended
12%
5,300
13%
77/a
5
100
7,200
48
100
4%
48
50
250
48
;;
IV2 May
Jan
21%
Jun
Jan
20%
Jun
Jan
11% Mar
l7/a Jan
43
5%
Jan
Jun
•
Swan Finch Oil Corp
12% Mar
49 % May
14
Apr
15
com
8% Mar
9% May
R
Voting
;
Rath Packing Co. common
Raymond Concrete Pile common———*
$3 convertible preferred——
*
—?
Engineering
Reliance Electric &
Jan
Jan
19
Mar
Jun
51
Mar
13%
Jun
%
Jan
1%
Apr
400
21%
Jan
400
At Jan*
10% Jan
600
1%
1,500
•
28%
&
•%
a %
11%
12%
4 Va
"4%
Aviation
Rheem Manufacturing Co—1,
Rice Stix Dry Goods
*
Richmond Radiator
1
Rio Grande Valley Gas Co v t c
1
Jan
2% Jan
12%
27%
%
4%
125,,
•
28% July
%
13%
"■
Apr
14
9% Mar ?::
500
Jun
5% May
Jun
Jan
3
4,200
13%
13
% Mar
13%
.
1%
28%
Jun
Jun
14
49
1,000
'
•
11%
50c
5
1
Republic
'
2%
Jan
7%
%
17%
16%
16%
Raytheon Manufacturing common—50c
Red Bank Oil Co_—————1
Reed Roller Bit Co
;—.—
Reiter Foster Oil Corp—
32
425
,,
1
10
Investment A
Railway & Utility
12,000
14
13%
14
—10
common
1%
1%
i%
Radio-Keith-Orpheum option warrants*
Railway & Light Securities
200
•PP.7P-
Jan
9%
2,400
1%
Jan
100
32
Jan
15%
100
Texas Power & Light 7%
Texon Oil & Land Co
Tllo
9%
9%
2%
3
%
%
22
Tobacco
Roeser
Corp
Cable
Rome
common...
Petroleum
91%
105
Jun
17
Jan
13
10
105
105
—
Apr
Jan
•
•
15%
III5
II
.„5
Roosevelt Field Inc
Root
.100
9%
9%
100
7%
3
300
2%
10%
Jan
3
„
Jan
Jun
Mar
4
1
Aeronautical Co—
Ryan Consolidated Petroleum
Ryerson & Haynes common
Ryan
5% May
Jan
18 % May
Feb
69
Jun
Feb
22
V?
■'
"5%
100
3%
Jan
6%
4%
4%
4%
2,400
3%
Jan
5% Mar
3%
Jan
A Jan
10
5%
102
Mar
6%
1
3% Jan
150
7
1%'
IIIII*
Exports
1,300
17% Jan
21
1,400
1%
5%
53/a
1%
2
7
% Jan
50
v
5%
43
900
Feb
22% Apr
4% Jan
500
59
Jun
Mar
13% May
112% Jun
Jun
2% Jun
Jan
59
2% Feb
Jun
5%
Jun
dep rets ord regis
dep recs def reg
V
*
1%
•
Shipyards Corp
64%
65%
;
/
Z
%
3%
1
Jun
—
102
Mar
107%
Jun
107
Mar
112
Apr
'
A
2,300
Jan
i;
Feb
33/4
3,800
1%
Jan
4
May
15%
1,000
6%
Jan
16
Jun
3,900
32
Jan
%
%
8%
n;;
1 % May
Vvj.
8%
'
1
-
May
67
3
8%
Corp
A—-—.v.—..
3
Jan
100
%
#
Chatillon
10% Jun
15
10
Inc
Tubize
53
■
m% 111%
1
warrants
Trunz
I*
Jan
1% Feb
260
'■
100
Transwestern Oil Co
Class
2,300
miioo
Trans Lux Corp__
Tri-Continental
6%
•
————
61
60
61
900
:
4% Jan
250
39
10.
Apr
64
Jan
Jun
2% May
5%
5%
700
1%
IIIi
5%
21
5%
24
Jan
Security Trust Co Ltd—
Edison 6% preferred
pref erred—
Tonopah Mining of Nevada.
6% Mar
6%
'
7%
-
17% Mar
4,200
112% 112%
'
5%
59
Amer
Apr
2%
100
550
"5%
~2V3
Russeks Fifth Ave
Jan
16
100
16%
x66
X66
49%
19
•
69
16%
-20
preferred
4
4
.—1
Co
$1.20 convertible
Royal Typewriter
Royalite Oil Co Ltd
'**«."•
21
—
Toledo
Elec 6% pfd D—
& Pendleton Inc
Rochester Gas &
'
—2
—„
Amer
Todd
3% Mar
800
13
—-
Product
Tobacco
3,100
23%
12%
Allied Stocks
&
4%
23%
12%
Realty & Construction- ——1
Tobacco
Feb
Apr
pfd
Roofing Inc:
Tishman
4%
,
*
II
*
IZIlOO
;
common
43/8
1
—
common
Thew Shovel Co
3% May
%
Taggart Corp common
Tampa Electric Co common
Technicolor Inc
1%
500
-
Apr
Tung-Sol Lamp Works
convertible
80c
4% V 5%
•
preferred
900
1%
Jan
5 % May
9%
5%
1
—
500
6% Jan
10% May
10%
U
,2%
3
—10C
3
2%
3
—10
4%
4%
4%
63/4
6%
7
11%
11%
1
Udylite Corp
Realization
Ulen
St
Class
St
Oil
Dome
1
1
*
Savoy
Oil
5
—:—•
Co_.
Schiff
Co
common
May
75
1%
6%
7%
2
115
2%
10,900
%
common—
United
Jan
Chemicals
United
$3
Jun
United
Cigar-Whelan
Jun
United
Corp
2%
153/4
100
12 y4
Jan
15% May
1%
1%
2,200
%
Jan
IVa Apr
375
22 %
Jan
38 y2
Jun
1st
29
500
25 V2
Jan
30%
Jun
Option
17%
Jan
26
$7
11%
12%
44
210
51%
13
Apr
7%
•
■
'
Jan
Bros Inc
Seeman
1%
1%
23,700
%
'9%
9%
2,600
4V2
•
1
153/4
16 y4
110
~1%
•1V4
13/b
4,800
July
1% July
Jun
Jan
42
36
5
25
9%
United Milk Products
y4
Jan
May
1% Way
3
*f
10
Jan
May
69
72
450
51%
Jan
72
70
150
52 y4
Jan
70
May
dep rets ord regis—
Amer
Serrick Corp class B
3% Mar
%
5/b
~£%
~7%
8%
3%
5
300
Shawinigan Water &
cum
common
_100
Sherwin-Williams of
Co
Silex
92
953/4
119%
100
13%
125
4
Apr
16 y2
Jan
Jan
111%
Jun
95% July
119%
Apr
13%
131/4
•
Jan
12% May
10 %
Mar
13% Mar
Profit
10 %
preferred
convertible
Pattern common
Singer Manufacturing Co
Singer Manufacturing Co Ltd—
Amer dep rets ord regis
Sioux City Gas & Elec 7% pfd
Aircraft
Solar
Co
Manufacturing
Solar
Co
Corp
Sonotone
Manufacturing common
Soss
South Coast Corp
South
Oil
Penn
Edison—
preferred
Jan
Mar
Jun
33/8
3%
700
3% ;?
4
1,300
3%
3%
2,800
Jan
4% May
5%
5%
600
1%
Jan
6
Jun
3%
33/4
200
.2%
Feb
4
May
45%
47%
1,100
37%
Jan
4
3y2
.
46%
%
,
16 3%
Jun
57%
Jan
34,200
%
3,400
15%
15%
3%
21,400
120 %
121%
A ;/ %• :
%?
hA
120
A
r
*
A
53
10
600
115
:
Jan
53% 2
93
93
;I
%
13,500
TO
May
4%
Jun
122% May
_
'
Jan4"'
J-
18 May
1J May
% Jan
i
19,200
49
16
Jan
A
4,600
A May
Jan
3/4
3,200
A
'
1% May
Jan
A Jan *
50
3%
Jan
%
•
Jun
21% Jan r.
53% July
29% Feb
4%
4%
-
37
Apr
80
.
93
July
Feb
100
"
3% Mar
Shoe
250"
%
T%
71%
71T1
46%
—25o
600
common
Preferred
„
4%
Feb
255
Jun
Jun
%
Jun
4%
Jun
A Jan
,
2% Feb
10
25
———25
Machinery
'
United Specialties common
S Foil Co class B
U
S
72 Vs
900
63
Jan
72% May
46%
130
43
Jan
46% Mar
4
Jan
5% Apr
6% Jun
International
Securities
•
S
1
.*"*1
Wall
United
28
7%
9%
Jan
% Jan
Jun
1% May
625
60
Jan
80%
Jun
300
29
28
1,200
Jan
30%
Jun
1% Jan
3%
Jun
1% Jun
3%
2%
2%
Feb
21%
22
18%
19%
•
4%
Utah-Idaho
.19%
5
•
Jun
32
Products Co
Sugar
preferred
Utah Power & Light $7
Utah
2%
19%
2%
15
50
-
10c
1
Equities common
$5.50 priority stock
Apr
13
Apr
7%
,;A;
Jan
Jan
Jun
2 3/4
May
193/4 May
22
July
43%
Jan
66
2,900
18 %
Jun
19%
Jun
100
143/4
Jan
20 %
May
900
2%
Jan
3
May
45% Feb
64
July
.
64
58
64
~1%
"l%
~1%
73
73%
100
:
1,800
5.75
....
1
Products
Radio
Utility
/;
Feb
9%
1
——1
—
3
Jan
Feb
1
400
19%
8
common..
common
Jan
100
2
22
Insurance
Pictures
2
49 y2
2
19%
Universal
A May
A Jan
1%
4'/a Feb
1
vtc
1,600.
6,200
19%
Universal Corp voting trust ctfs
New
%
11
—•
•
B————
Universal
Jun
%
2%
—10
Universal Cooler class A
.Class
%
2
Paper
Consolidated Oil—.
4y8 Mar
28% Mar
.
300
79
"3%
50c
United Stores common
Jan
2y8
12
78%
2% Jan
2,900
*
Reclaiming
Rubber
2%
■
550
tt
78%
preferred—20
U S Plywood $1.50 conv
U S Radiator common
U
9%
•
and
1st
5%
6
9%
5%
—5
preferred with warrants
S
$5
U
—1
200
5%
5%
——1
.
Graphite common
Universal
•
-j-W'
••
Jan
2
Mar
4%
% Jah V
Jun
2% May
75
Jun
Jun
49
Jan
■
25
31
31
25
29%
30'/»
1,200
class A—25
1%
1%
100
preferred B
preferred series C—,»•
Colorado
Southern
preferred
Southern
Stahl-Meyer
Convertible
•
•
Co
preferred
convertible preferred
Oil
Standard Oil
27%
Jan
1%
1,500
Jan
Valspar Corp
$4
y2
5'/a
2.78
—1
10
1
u
5%.
17%
17%
pfd
Standard Power & Light-:
428
•
Standard Silver Lead
-
Jan
2
Apr
%
Jan
..1
May
Jan
12 y8
Jan
15%
1,200
43%
9
V
41%
9
150
-
12 %
Jan
Jan
110
6% May
Virginia Public Service 7% pfd
Vogt Manufacturing
*
May
2% Mar
16%
Apr
17% Jun
113
Jun
3*2
Jan
A
Jan i
A May
650
16 %
Jan
43% July
1,000
9
Starrett
class
B
6%
Jan
9% Mar
% May
A Feb
3,500
1
1
(The) Corp voting trust ctfs—1
Steel Co of Canada
1%
2
1%
1%
1%
..
"9%
400
10
7%
71
May
Jan
10
July
Waitt & Bond
200
5%
10
86%
Mining "coIIIIIII—IIII mill
1
Air Lines Inc
Western
Western
Grocer Co
Western
"3%
3%
105
mils
Coke
Coal &
Va
•
$6 preferred.
Utility
5
9%
10
:
900
Westmoreland
•
—10
Inc
Shoe
Jun
Williams
(R
Jan
12%
Jun
Williams
Oll-O-Matic
Oil
C)
Corp
&
Co
14% May
2%
Jan
4
Mar
98%
Jan
106
May
4
6%
Jan
*•
3,900
ll—
Apr
10% May
55/a
Jan
9
Apr
Jan
14%
•
15%
200
22
21%
Jan
18
21%
Jun
26
15%' v'
15%
75
13
Feb
15% May
9% Jun
5%
1
—10
•
Mfg
1%
River
Jun
A May
Jan,
67
10
20
20
Coal
A Jan
I
1%
Apr
Jun
A Jan
r.
Western
Apr
9%
1,000
1,000
1st pfd—100
Tablet & Stationery com
•
Westmoreland
Apr
90
20
:
105
43/4
Maryland Ry 7%
—
%
100
11 Va
1.25
Wentworth Manufacturing
8
Feb
Apr
7% Feb;.;
800
%
3/8
%
8
Mills
Knitting
West Texas
West
"I
l .v
R'
Plflcc
Walker
Wayne
100
73/4
*
class A
5 % Mar
3% Jan
4
89%
7%
—100
preferred
7%
7%
4
Wagner Baking voting trust ctfs ext—•
Wichita
Jan
Mar
7% May
Jan
89%
Co
2% May
1%
1,200
1% May
30
Jan
~9
Jan
5%
t'
.
Jan-?y
.11% May
,-Vv,;-.4
??.
95
May
Mar
'
May
7% May
"9%
200
7% Mar
9%
3%'
100
1% Jan f
9
Jan
4% Mar
Jun
•
Stein
2
Jan
Jan
4%
W
Aircraft
Weyenberg
Tube
Standard
18
A May
500
%
43%'
275
3,400
44
100
•
11
Y 18
2,000
%
%
.
,
Jan
Jan
100
167/a
112% 113
112%
Jun
2%
16%
100
1
Co—'.
Jan
% May
5% Jun
600
15%
15%
•
Preferred
1
Jan
13
%
1,000
:P
7%
Feb
2%
200
18
1%
28 Va
7
May
Apr
i.1%
1
Common class B—
•
•
1%
27%
1%
28
1
10% May
'
300
;
5%:
preferred
Petroleum
Apr
y8
1,900
10,500
1
5
common
convertible
Feb
9
'
Jan
23
30
''
5%
Jan
Jun
Apr
6%
3,100
3%
3%
4%
10
(Ohio)—5%
10 %
28
121%
7/a
y:
20
(Ky)
Products
May
%
Standard Dredging Corp common
Standard
2%
3%
5y4
200
5%
y2
Corp
Inc
Brewing
2
Waco
Standard Cap & Seal common
Standard
9%
10 y2
28
rets ord regis
Spencer Shoe
30% July
Mar
7V4
5%
5%
5
1st
Standard
115
1
_•
(A G) & Bros
preferred
Spanish & General Corp—
Amer dep rets crd bearer
Spalding
Amer dep
31% May
Jan
Feb
% Jan
Venezuelan
10
10
Royalty Co
Southland
28%
43% May
100
—
Phosphate Co
Pipe Line—,
Southern
29%
500
England Telephone—100
New
Southern
Power
Jan
40
30
42
5%%
$1.60
5
105%
3% Mar
96
20
42
original
6%
-
Apr
105 % 105%
25
5 %
7%
241
175% Jan
600
4
3%
£1
100
1
1
1
1
1
25
12
'mi.**..
Jan
57% Jan
,"'L'
1%.
California
Southern
s
30
228%
223
May
2% Mar
Jan
1
1
100
10
Pipe Line
Pa
Southwest
common
22
21% May
•
Simplicity
■
100
■
Sharing—
preferred
United
Universal
Simmons-Boardman Publications—
$3
Jun
Jun
12%
>
Canada
common
Jan
83
400
116
95%
—25
$
•
.
8% July
14
•
Power
pfd series AAA
Sherwin-Williams
5%
5
Mining
Denn
Shattuck
Jan
2 %
700
3 %
•
% May
4% Jun
A Jan
1,400
1
Seton Leather common
■
3%
—
—
United N J RR & Canal Co
U
%
1
Safety Control
Sentry
73/b
14% May
July
70
72
————
Jan
;
—•
participating, preferred—
United
17
13 % Mar
350
9%
8 3/4
8%
1,200
6%
1,400
.
Jun
42
Jan
9%
2%
•
Feb
"VA
•
Selby Shoe Co
Selected Industries Inc common
Convertible stock
29%
L_1
Segal Lock & Hardware-——
Seiberling Rubber common
$5.50 prior stock
Allotment certificates
200
'
1%
—
preferred—————. IIII*
1st
$3
2%
2%
———1
—*
Securities Corp General
•
•
Jan
15%
•
———
5
mm —
f—
v
"
2 3%
•
warrants
3% May
4'/2 May
Feb
May
13% May
Jan
1
1,700
58
'
--
1%
1A
preferred non-voting
3% May
3
900
—
A
United Light & Power common A.
Common class B_;
—
——
$6
50
Vi '■'
warrants
-
Jan
1% Jan
700
11%
.•
.
Stores
2
1,300
1,800
„
*
111%
:ii5c
pfd
United Gas Corp common
35
May
_•
United Elastic Corp
28%
—
mil
common
& participating
cum
34%
28%
•
—
Aircraft Products
Apr
'
-
—
Union Investment common
Apr
35
15%
1%
Manufacturing Co
Union Gas of Canada——
2%
Jan
Jan
500
~2%
A
Unexcelled
8Y
Jan
'
400
Jun
137
Jan
24%
2
4% May
1% Jan
29,200
1%
—1
Convertible preferred
— 25
Scovill Manufacturing
25
Scranton Electric $6 preferred—-—♦
Scranton
Lace common
•
Scranton Spring Brook Water Service—
$6 preferred
•
Scullin Steel Co common
♦
(D A)
Schulte
4
"V/s
Co
Mills
Sanford
~3%
129 % 130
•4
5
—100
United Corp common
Samson
2
Apr
50
Paper common
preferred
7 %
Salt
$2 conv
A
Regis
1%
•
Ltd
pref
Lawrence Corp
Corp
(A)
& Co
common
bterchi Bros Stores
6%
1st
5%
2d
1
preferred
preferred
1
For
B)
_1
Co
common
footnotes see
4%
700
page
•
73.
2%
40
100
Jan
4% May
Will son
Products
11 %
11%
37/a
"1%
1%
6%
11%
4
1%
6%
7 40
Jun
Wisconsin
Power
10
Jun
Wolverine
Portland
35
1,000
6%
Jan
500
1%
Jan
800
225
H Jan
2%
Jan
12% May
4
Jun
1% May
7
May
Woodley
American
(F W)
7%
Cement
pfd
11
"
25
108
100
1
6%
6%
2%
1%
~4%
Jun
12
May
108
Jun
65/s
600
3%
Feb
4%
700
4
Jan
7
May
6% Jan
4%
10
10
Jun
Jan
4
Apr
Jun
Ltd—
deposit
Hargreaves
11
1
Light
Petroleum
Woolworth
Wright
&
3%
•
Heating
Inc
'Feb
7% Jan
I
Inc
(J
4%
38
20
Sterling Brewers Inc
Stetson
4%
50
Sterling Aluminum Products
Sterling
9
receipts
Ltd
*/
Monday, July 5, 1943
5s
*
"3
5,000
2
Volume
THE COMMERCIAL
Number 4191
158
Friday
BONDS
New
York
Curb
Interest
Exchange
Ended
Week
A V Last
Period
July 2
Week's Range
or Friday's
American Gas & Electric
BONDS
Bonds
Range Since
Sold
January 1
Sale Price Bid & Asked
Low
High
Ho.
Low
f
debs
1950
1950
J-J
*104% 104%
s
f
debs
1960
J-J
*107% 108%
s
f
deb
Lt
&
.2016
2016
Amer
Writing Paper 6s
Appalachian Elec Pow 3 Vis.:
& Lt
Pr
Associated
Elec
{Associated
2024
2024
&
J-J
4%s
1948
deb
4%s
————_1949
106%
1968
A-0
22
1977
F-A
21%
3
124%
without
warrants
-:*C
4
.
23%
Baldwin Locomotive
14%
1968
1954
12
81%
72%
J-D
1948
J-J
36
1954
M-S
36%
1953
J-J
1927
L 5Vis—
M-N
1964
F-A
——
111%
109
100%
102%
1955
F-A
103% 104%
12
101%
1964
J-J
104%
30%
37
1977
M-N
30
106
1979
102%
M-N
105
107%
108
109 %
Power
1st
3%3
■
---__--_-197Q
Philadelphia
127%
Portland
114%
116
Potomac
117%
:tM
119%
—
4%s
106%
101%
103 %
6
103%
105
85%
105%
1st
&
99
13
.103
13 ®
39
2
100 ®
100%
26
45%
57%
100
54%
Service
M-N
series
M-N
j-d
1954
.
4
1951
.1951
J-D
.1951
1951
.1967
a-o
:
30
83%
94%
South
17
84%
95
Southern
California
95%
58
85
95%
Southern
California
96%
4
86
98%
/ Southern
119
120 7/a
1st
109
—
101%
104
121
104%
A-O
-_/$123%
125 Vi
1958
F-A
96V2
1944
J-D
1955
M-S
•7
;
97%
84%
103%
96 Vi
85
.82%
234
;
19
79
103'% 103Vi
14
101
Eastern Gas St Fuel 4s ser A
.1956
M-S
'881/2
Electric Power
Light 5s
.2030
F-A
99'/a
RR 5s
.1956
M-S
5s
.1952
.1954
Elmira
Water Lt
Empire
District
&
El
Federal Water Service 5Vis
79
123%
104
103
Counties
M-S
J-D
106
Florida Pow St Lt 5s
1954
J-J
105V4
1969
A-O
1953
J-J
1978
J-D
1965
M-S
1941
1950
1950
M-S
Green Mountain Pow 3%
1963
J-D
Grocery Store Products
Guantanamo & West 6s
1945
J-D
*87
94%
1958
J-J
*58
59%
General
3%s
Power
Gatineau
Pub
A
5s
Serv
Georgia Power St Light 5s
51
*52
106
105
98 Va
*102 >/2
2
106
104%
42
91%
99 Vi
Coal
Alden
4s
SAGobel (Adolf) 4Vis ser A
961/2 -97%
Grand Trunk West
Nor Power 5s
Great
4s
stpd
_
J-J
1948
series
6s
Idaho
82%
111
6s
1st
S
ref
St
series
5s
6s
7-4s
Stinnes
7-4s
Electric
1
1
Indiana
Hydro-Elec
Indiana
Service
United Light
{International
AO Vis
99
1
A7s
A7s
Iowa
&
Altallan
107%
14
106% 106%
3
J-D
105%
105% 105%
18
M-S
M-N
89%
F-A
88
A-O
*89
M-N
108% 108%
103
J-D
89%
88
103
Kansas Electric
101
80%
7
89%
28
II
80
112
__
1
West
West
103
32
II
29 %
30
18%
4Vis
1958
M-S
105% 105%
5
6s
196b
J-J
105%
104%
J-D
J-D
64%
1
108% 109 '/a
M-S
64%
21
*107
*121% 123
J-J
$112
1957
J-D
109%
107%
109% 109%
8
.
Penn
1948
F-A
1947
1971
M-S
$100%
M-N
109% 109%
G
1965
M-N
111
Middle States Petrol 6Vis
1945
J-J
AMidland
1943
1967
M-S
1978
J-D
1955
J-J
Nassau St Suffolk
1945
5s
109
109%
115
115
115
3
100
99% 100
8
J-J
96%
109
109%
4
107%
91%
34
J
4s
112% 112%
2
J-D
1952
Ltg 5s
tANational Public Service 5s ctfs„1978
99
Nebraska
-
6s
Power 4Vis
111
59
."•%r/■,
••••
Amsterdam
Penn
h"
M-N
M-S
5s
Traction
Conv
New
New
deb
2030
A-O
1960
5s
England
Power
1937
New
Orleans
AIncome
6s
Public
J-D
86%
99
Curb
22
23
(see
Mortgage
Valley 7s
Bank
20%
85
1
4%
108%
109%
109
110%
102%
108%
110
118%
*81
82
63%
83
—
$92
93%
75
95
92
92%
73%
95
92%
.
2
Period
Week's Range
or
Friday's
Last
Sale Price
Bid & Asked
A-O
J-J
$52
Bonds
—
M-N
1953
-AExternal
:
A Lima
6%s
stamped
No.
Low
F-A
20%
—
;/■
20%
*50%
:
1952
20
6%s stamped-1958
MS
*18%
20%
M-N
*29
31
1951
J-D
$23%
24
M-N
$36
102%
AMedellin 7s
stamped
Mortgage Bank of Bogota 7s
Alssue of May 1927
49
62%
A Issue
7s
of
Oct
3
106%
109
15
103%
107%
'/ 5
110%
98
13
69%
J-D
70
M-N
69%
68 %
M-N
A-O
93%
93%
94
J-D
95%
95%
1949
J-D
104%
5
102
26
44%
52%
52%
10
15
11%
20%
20
—
35
16%
24%
32
—
36%
1947
1927
A-O
—
*36
*19%
A Mortgage Bank of Chile 6s
Mortgage Bank of Denmark 5s
1931
J-D
1972
J-D
1958
M-8
A Rio
de
ARussian
(State)
Janeiro
7s
6%s
1959
6%s
J-J
1919
J-D
1921
Government
A5%s
110%
49
32
35
25
w—
18
20%
49
5
45
49/8
$33%
35
26%
;® 26%
27
6%
6%
6%
94
2%
9%
6 Va
6%
85
2%
9/a
J-J
__
6
22%
17
A'
35%
30
114
117%
97% 102
113% 113%
1
112%
114%
68%
69%
105
49%
69%
68%
70
17
50%
70
70
68
50
70
108% 108%
■i
113
115% 115%
101% 102
M-S
23%
42
__
—
*10
100 %
52
14%
•'!
1
__
1958
City (Peru)
46
—
20%
t4&
—
High
—
J-J
AMaranho
107%
J-J
102
98
Range Since
January 1
Sold
High
*52
•
J-D
1955
5s
111%
15
M-S
85%
11
110%
12%
A-O
24
98
of)
5%s
108
5
98%
105%
__
Interest
1948
109%
109% 110%
J-D
96
2
Low
2
10
1948
Nov
24
98
Friday
Exchange
July 2
Ended
3
107 Va 107%
106% 107
101% 101%
102%
117%
95%
*108% 114
BONDS
York
110%
2
107%
76%
66
82%
96%
104% 104%
5
102%
Cash sale,
106
x
a
Deferred delivery sale,
d Ex-interest,
e
Odd-lot sale,
n
Under-the-rule sale,
Ex-dividend.
$Friday's bid and asked prices;
no
sales being transacted during current week.
ABonds being traded flat.
94
96'/a
•No par value,
r
109
110
Service—
series A
__
J-D
1947
Danish
106%
1961
3Vis
England Power Assn 5s
Debenture 5Vis
9
19%
J-D
ACauca
109
23
116
'-
109
110% 110%
*108
108%
__
F-A
Week
106%
F-A
96%
109 % 109 %
—
Bogota
105%
1947
5s
19%
J-D
123
103%
1948,
5s
5s
98%
104% 105%
105%
J-D
109%
7
1954
Gas
New Eng Gas & El Assn 5s
13
98%
{Reported in receivership.
*
Abbreviations used above—"cod," certificates of
deposit;
"cons," consolidated;
—'
•
91%
»'• V
106%
91
117% 117%
98%
1951
113
4
111
;
109%
111% 112%
106%
101% 102%
\o\r
F-a
1954
107%
106% 106%
111
85
10O
-
;
1964
Agricultural Mortgage Bank (Col)—
A 20-year
7s
April 1946
A
20-year 7s
Jan 1947
108% 108%
1956
5s
102%
F-A
New
106%
106%
1950
Elec
*105
a-o
•
-2022
debs
102%
14
2022
A
90%
109%
115%
•'ivVly. 'i
A
series
100%
59%
1948
series
Nevada-California
New
1981
91%
25
108%
Foreign Governments & Municipalities
109 %
108%
5
102
*101% 102%
59
M-N
F-A
109
111
Co—
AParana
;
107'/a
,109
'
J-D
1957
1951
ref
105%
F-A
_1968
5%s
Electric
Extended
St
13%
79
22
■
Danzig Port St Waterways—
QO
1st
15
:
J-J
122
'
■
5
108%
M-N
112%
——
113%
18%
108
64%
106%
107% 107%
16%
,108%
1979
stamped extended to 1959
IA York Rys Co 5s stpd
A Stamped 5s
Mfg—
Mississippi P & L 5s
Mississippi River Pow 1st 5s
18%
1956
5s
Power
6s
income
41%
46
111
M-S
Minnesota P & L 4Vis
J-J
Ry St Elec 4s
Water Power 3%s—
108%
16%
—
N
&
85%
A-O
a-o
-I960
5s
3%s
54%
Valley RR 5s
Gas Light 4Vis
.1946
Light 5s
cons
29%
74%
36
A-O
Milwaukee
23
2022
30
.17%
39
E
22
29
19
15
i
67
1969
1966
series
J-J
4
29%
53%
2022
4s
29
29%
85%
6s
stamped
Mengel Co conv 4Vis
Metropolitan Edison 4s
29
?
29%
16%
51
Kansas Power & Light
McCord Radiator St
29
6s
90%
84%
5s
a-o
Newspaper Union—
"
6s unstamped extended to 1959
115
52
3Vis
25
.1950
48
141
Western
90%
105% 108%
1
28
*28
Kansas Gas & Electric 6s
Pow & Lt
A 5s
Wash
84%
Lake Superior Dist Pow 3Vis
32
12%
81 %.
.
Waldorf-Astoria Hotel—
Wash
101
—-
1966
82
24
81%
.1952
106
J-J
Power 3 Vis
82
64%
80%
80 Va
-1944
94%
'
._1942
1965
82
65%
81%
81%
A
99%
2
90
series
107%
J-J
Gas
■y 65%
F-a
&
Debenture
111%
1952
Light
15
a-o
107
1957
(stamped)
Jersey Cent Pow & Lt 3Vis
Louisiana
107%
11
90%
1952
5s
81%
J-D
99
16%
J-J
82%
80%
-1949
104%
1957
coupon)
81%
Utah Power St Light Co—
1st lien St gen 4%s
99%
17
F-A
82 %
J-D
65%
-1959
102
2
100% 101
J-J
coupon)
Superpower
A Jacksonville
107
1955
6s
Power
107% 108%
107 Vi
106%
1952
1941
Power
Debenture
107%
A-O
1957
1941
(July
Interstate
coup)
F
series
A7s
1941
E
(Aug
93
*98
J-D
1955
1
(Dec
series
91
Sec-
C
series
A6Vis
A 7s
3 Vis
Power
65
32
United Lt & Rys (Delaware) 5%s -1952
United Light & Railways (Maine)-
58%
99
1963
L
Indianapolis P &
51
81%
Industries—
Electric
1st lien
24%
1952
1970
5s A
81%
80%
1946
Service
Edison
United
88
111%
1950
& ref 5s
1st lien
AIndianapolis Gas
80%
81%
F-a
City Rapid Transit 5%s
101%
19%
1958
5s
5s
81%
deposit
Power
111
110%
14
May 1957
Water
104
F-a
F-a
A
series
72
108%
A-O
1957
6s
stamped
Power &
6s
of
(Hugo)
Texas
103
1957
&
stamped
Texas
109
1956
C
debentures
2nd
102
106%
,
1-951
Dec 1
Power
3d
103
52%
1966
;
Light
AStarrett Corp inc 5s
Stinnes (Hugo) Corp—
101
A-O
A-O
t
stamped
gold
109
1954
deb 5 Vis
f
8s
;
6s
101
1953
A
ser
1st St ref 5 Vis series B
1st
1949
1967
3%s
Lt
Pwr St
L
$107% 110
36
Electric—
6s
101
3
105
74
&
&
r
100
2
69 %
64%
91
23%
68
8 5%
108%
103
105%
105
16
A-O
—Jan
B
Power
*104
106%
105%
106%
81%
100
111
—
102%
68
96%
6s
Hygrade Food 6s ser A
//•
103%
104% 105%
*108% 110
62
100
23%
*104% 104%
*106% 108
•
80%
100
111
105
-
81%
Toledo
J-D
5s
103%
KW
105%
95%
a-o
Twin
M-N
1966
—Jan 1949
JAGuardian Investors
Bouston Lt & Pwr 3 Vis——
104%
•.
Gas
(stamped)
v
82
44
105
100 %
May 1948
-—May 1948
6s
98%
v
100%
3
17
57
—.
10
103% 104 %
11
90%
98%
104% 104%
104%
85%
73%
2
78
18
73
100
108%
131
.
95%
73%
82
F-A
131
97
M-8
82
97%
114
M-N
6s
105
93%
2
63
991/2
90%
108%
1989
Tide
Glen
Gas
.<79
2022
P
Gas
Standard
98%
97
__
—
3
1970
106 %
29
98%
38
F-A
107%
;.105%
9d%
1951
Debenture
52
105
•
106
154
F-A
Certificates
1966
103%
138%
93%
J-J
106 Vi
1961
stamped
1
$95
—
.1971
Conv
106%
1
110
104%
a-o
;
124
1
IO51/2 105Vi
M-N
1
1051/2 106
123%
M-S
251
106
91%
106%
*67
95
19
.1957-—
.1970
Standard
99'/a
99'/a
10
112
112
77
38
89
i;:/®.''
-T]-J
5s
Edison
3%s__
90
87%
89%
97%
'%
110% 110%
90
M-S
103%
881/2
Florida Power Co 4s ser C
6s-5s
Power
.1965
1965
Mtge Bank—
Residential
Finland
D
3s
85
123% 123%
,
110%
111
91%
Southwestern
\
97%
114
112
100%
149% 150%
110%
.1947
Carolina
Debenture
-
107
97%
Southwestern Gas & Elec 3%s__
123%
*104
series
(Calif)—
1st mtge 3s
Southern Indiana Rys 4s
I
110%
105%
4Vis
Spalding (A G) deb 5s
3%s—
St
6s
Sheridan
94%
95
109%
1
106
a-o
.1970
Estate
98
1
3
*90%
150%
a-o
Real
6s B
Pwr
96 %
3
6
112
M-8
&
89
109
■
100V4
109% 109%
M-N
.1952
1952
Joaquin Lt
84%
109
...
->f ;
111% 111%
Ya
~
a-o
Scullin Steel inc mtge 3s
Shawinigan Water & Pwr 4%s__
104%
110% 110%
j-d
105
.Y.v.»
i-.-. ■
J-D
229
—
V*s.—
100
J-D
-
.1979
1979
98
*119
115
J-D
.1952
......1952
95
—
XY
——
93
J-D
j-j
A
93%
95%
110 %
111
.
'•'-I
1949
New Jersey—
certificates
96%
2
107%
3
'
•
A-O
1964
95
96
/; -'
113% 114y4
X
10Qj/4
M-8
Harbor Water 4%s
San
(Bait City)—
4Vis
Packing
M-N
of Colorado—
of
*109% 110%
*107% 108%
J-J
1959
4%s B
Co
6
*108% 109%
'j.':
—
1961
perpetual
Safe
7
Continental Gas & El 5s
Cudahy
103
MM
E
5s
107
/ ;
mtge 3Vis
5 Vis
(Bait)—
Cuban Tobacco 5s—
107
M-S
1950
Co—
/
100% 103%
103%
104%
95
1976
Gas
105% 106
J-D
1962
39
Queens Borough Gas Si Electric—
39
36%
*104
94%
M-s
.1969
Gen mtge
106
F-A
6s
F
(Can)
96
A-O
.1971
Consolidated
*37
••
J-J
.
1972
1956
Coke
98
1951
A
7s
Pr
5Vis
Sinking fund deb 4s
107%
36%
53%
M-S
J-D
1949
Pr
Power
extended
series
99%
2
'M
107
&
Edison
Corp
Public
54
99%
Gas
Public Service
103%
12
36
•mm•'
1952
5Vis
.
Lt &
Elec
stamped
Power
-
104
12
*102
A-O
1969
El Lt
5s
Pennsylvania Water & Power 3%s_1964
100 J/2
36
-
54%
.1958
5s
5s—
Gas
Light
5s
108%
100
1966
Consol
&
Lexington
1st mtge 3s
Penn Central Lt & Pwr 4%s
83
102%
110
107
y|r' li
11
•ry.
106
105%
109%
Philadelphia Rapid Transit
105%
105%
107%
8
106 %
46
107
■
1950
Connecticut
4s
8
13
107
5
116%
98%
99
A-O
1955
5 Vis
Service
105% 106
11
ASchulte
1952
L
mtge 3%s
102% 102%
6%
1953
109%
110% 111%
;
99 %
—
103% 104
--
106%
'*106% 106%
Park
105% 106%
M-S
11
111%
Pacific
103% 103%
103%
82%
108% 107
A-O
25%
118% 119%
J-D
54%
F-A
25 Vi
*150
M-S
1970
115%
® 11
F-A
5s
6Vis
115'/a
82
1948
14
*104
107%
Aug 1955
115% 115%
A-O
High
112
__
1962
Public
12%
115
Low
105
"5
109% 109%
2
*101%
Q-F
&
106%
81
107
113
J-D
M-N
P
F-A
*115%
107
Canada-
Birmingham Electric 4Vis
Service
81%
109%
"
Cities
J-J
A-O
22%
109
1962
Debenture
J-J
M-N
22%
106%
1998
Debenture
A
Oklahoma Nat Gas 3%s B
Works—
Central States P ft
1954
25%
*108% 109%
115
No.
111
A-O
13%
MS
M-S
High
113
107% 107%
1968
1971
108 Vi
6s
Steel
*111
1948
5%s
3s
21%
J-D
Range Since
January *
Sold
'
1945
1st
mtge
88
107
1950
Bonds
-
Oklahoma Power & Water 5s
25%
J107% 109
1960 1,
Bethlehem
Bickford's Inc
V'
V
6s
Telephone of
J-J
1969
Utility
Power
1st
25%
13.%
108
J-J
1957
Convertible
Bell
M-N
2004
Ogden Gas 1st 5s
22%
80'/8
Friday's
Ohio
M-S
/;'?•'
'v
1964
4s
"
Avery & Sons (B. P.)—
5s
Cont'l
1st 3%s series
72%
1947
4Vis
or
Sale Price Bid & Asked
Northern Ind Public Service—
109
46%
1955
1964
City Eiec 3 Vis
Week's Range
Last
Period
3%s
Gas
Westchester Ltg
Debenture
5s
21%
81%
St
&
Nor
126%
107%
1955
Assoc T & T deb 5Vis A
Interest
•
22%
213/8
'
109
74
21%
22%
5Vis
Light
Y
94%
25
J 22%
M-S
J-J
5s
Gas
88%
71%
70%
22'/2
Atlanta
110%
105%
108%
108
F-A
_
Atlantic
96
13
124 % 124%
71%
107%
5
108% 109
.
A-O
1950
AConv deb 5s
deb
94%
Y State Elec
N
107%
Ohio
deb
AConv
ADebenture
1
184
:
'
Co—
AConv
AConv
,109 4..
124%
J-J
.1953
i—1953
Elec
'
94
Friday
Exchange
July 2
Low
104%
105
.<„
•
103% 105
94
J-D
.1956
1956
5s
4Vis—
Gas
J-J
1970
1970
Appalachian Pow deb 6s
Arkansas
105
M-S
.1961
1961
6s
•
Curb
Ended
High
103%
r
109% 109%
J-J
1970
1970
decs
Pow
York
Week
N
s
3 Vis
3%s
New
Co.—
23As
Amer
& FINANCIAL CHRONICLE
"cum," cumula¬
tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "v t c," voting trust certificates;
"wi," when issued; "ww," with warrants; "xw," without warrants.
'I
THE COMMERCIAL
74
& FINANCIAL CHRONICLE
Monday, July 5, 1943
OTHER STOCK EXCHANGES
Baltimore Slock
June
26
to
July
2
Exchange
from official
compiled
both inclusive,
Friday
Last
Range
"
Par
Arundel
Transit
Baltimore
Low
■
Co
common
vtc—•
10%
preferred v t c——...
100
Light & Power com_«
Eastern Sugars Assoc com v t c——1
Preferred
t
v
'
Co
Finance
of
62 y8
8%
Guilford
6%
Realty
Co
preferred
—,
Water
U
S
&
Power
9%
Jan
Jan
85
125
Mar
14
35%
13
9%
15
9%
Jan
Feb
40% Jun
136%
Jun
41% July
9% May
Jan
9%
,
Jan
9%
Apr
1.10
100
9%
1.10
Mar
Jun
300
26%
Jun
28%
10
27%
Jan
30
110
26%
26%
30
30
1
3.85
Apr
Jun
60
Jun
Jan
32
3.85
1.00
50
22%
50
25%
Advanced
27
May
Feb
July
4.00 Jun
1.80 Jan
5
Allied Laboratories
Allied
Class
Aro
25
25
Mfg Co
Co
capital
Automatic
Washer
Jan
84
Apr
Jan
27
Jun
65%
120
51%
Jan
65 %
Jun
Brach
27
4%
Jan
Jun
Brown Fence &
6
6
36%
36%
712
36%
29%
6
36% July
Jan
&
,
/.
54
Maryland & Pennsylvania RR 4s__1951
54%
$15,500
49,
62%
24,300
55
Mar
55
2,000
55
Jan
Jun
56
Mar
61%
—
61 %
64% Jun
r
Jan
55
(E J)
5%
July
both
2
inclusive,
official
from
Friday
Week's
(A
Range
Jan
1%
1%
1%
400
of Prices
Par
Alles
1
Fisher Inc——
&
American
1%
2,125
common—10
16%
16
16'A
250
'8%
Tei
100
Tel
&
Bigelow-Sanford Carpet 6%
Boston & Albany RR
Edison
Boston
29%
8
17%
Jan
32%
Jun
1,702
127 %
Jan
156%
Jun
25
4%
Jan
24%
Jan
25
8
27%
112
28%
749
112
10
3
Jan
112
Jan
101
Jan
Apr
,31
30 %
3,307
67
67
67%
320
62 %
Jan
18 '/a
18%
160
14
Jan
•
Boston Herald Traveler Corp
31%
81%
98
29%
162
Jun
8y8 May
24
97%
30
100
.
3%
Apr
May
May
68% May
19% Jun
Maine RR—
Boston &
stamped
Common
4%
3
4%
25
2'/a
Jan
5%
Apr
27 y2
—.100
lou
—
prior preferred
29%
842
8%
Jan
32 y2
Apr
3
3
35
1 %
Jan
4
'■"V 5 % class A 1st preferred stamped_100
6%
6%
7
465
1%
Jan
8% May
8%
class B 1st preferred stamped-100
6%
6%
6%
165
1%
Jan
8'/a May
7%
class
6
6
2
Jan
6
preferred stamped————-100
6 r/o
?
1st preferred—.——100
class D 1st preferred——100
10%
C
Stamped
— T_.
7%
7%
150
100
2%
11%
Jan
5
Service
7%
7%
25
6%
15%
15%
108
3%
Jun
Apr
15% July
Jan
10
—
Jun
7%
Jan
560
Apr
8%
4% Mar
7%
15%
X15
15%
*
Calumet & Heel a
Cities
7%
100
——
Personal Prop Trust
Boston
25
Jan
9% Apr
17%
Jun
•
6%
6%
130
4%
Jan
7% May
*
2%
2%
16
%
Jan
2% May
prior preferred100
preferred —■
—
—100
Mass Street Ry common—100
56%
56%
20
33
34%
Co—
Copper. Range
_——'
—
4y2 %
6%
341/2
8
Eastern
preferred class B
5% preferred adjustment
.
—100
Employers Group Association
Engineers Public Service
14
Jan
37%
2%
Jan
30
98
Jan
111
45
25
Jan
45
18
850
6
11%
460
8% May
6%
37%
—
14
75
33
745
12
Jan
Jan
1,901
30%
July
July
Jun
Jun
14
Jan
26.08
Jun
11%
Jan
2%
31%
5
40
27%
Apr
July
18
Jun
141
32.06
38%
Jan
449
7
38%
32.06
1
8
45
16%
31%
1
Capital Corp.—
59
19%
111
.
13%
32 y8
*
•
National Stores
Jan
134
310
8
42
11
;17Vi
——•
Grocery Stores——-*
Economy
General
41
'
Eastern BS Lines common
First
111
100
100
1st. preferred series A
6%
6%
6%
7
Jan
2%
13%
5%
100
39
390
9%
Jan
Apr
39% Mar
Jan
7%
Jun
450
13%
Jan
17%
Jun
1,100
26%
Jan
38% July
13
Jan
19
17%
17%
_5
38%
35%
38%
II~*
17%
17
17%
350
3
3 '/a
500
7 J/4
Jun
16% July
Jan
Jan
34
July
6% May
V 4%
—III
I5
7%
1,500
May
Serv
$6
4%
Jun
4%
600
3%
Jan
10'/»
1,600
5%
Jan
10% July
4
10
25%
26%
165
20%
Jan
26 Vb
18
18
200
15% Feb
19 %
79%
80
160
69%
83
Mar
10
May
———30
.10
common-
Pub
3% Mar
1% Jan
,
9%
,„i
pfd—
preferred
9%
1
1%
3,800
*
107
107%
70
9%
corn-
1_
Jan
,
•
Belt
Co
47%.
Jun
Feb
m
18%:
11%
11%
common——.
5%
5%
preferred
Convertible
80
55
55
—
110
110
—
Commonwealth
Consolidated
Biscuit
May
Jan.
19
Jan
11% May
2
Jan
5% July
38 JA
46
Jan
65'A
50
July
14%
7'A Mar
150
Mar
Jan
Jun
Jun
82
120
42
Mar
55
Jun
70
:
104
Jan
110
May
82%
84%
67 Va
Jan
84% July
10
15%
15%
16
700
3%
Jan
18
25
23%
25%
10,720
21'A
Jan
25% July
5%
550
2%
Jan
5% May
3%
200
2%
500
10%
Jan
965
14%
Jan
22%
10%
Jan
20%
Jun
300
83
Jan
96%
Apr
17
Feb
23%
5
common
Edison
9 %
25
Chrysler Corp common
Cities Service Co.
Jun
49 % May
9%
1,450
80
capital-
common
preferred
Jan
107,850
14%
107%
>,
3% Apr
17%
46
14%
Chicago Towel
26
150
5%
43%
46
Chicago Electric Mfg class A pfd—
Chicago Flexible Shaft common.. —5
Jan
50
47
47
1% May
fe Jan
92%
100
18%
Light pfd-
Jan
6
250
.50c
——
8%
common
1
common
5
_50
Jan
July
34%
Apr
7% May
39%
Jun
32.06
Jun
3%
3%
Voting trust crtf pfd part shares—50
2%
Conv pt sh v
t
class A
c
:
2%
21%
25
Crane Co common
Cudahy Packing—
77o cumulative preferred——100
Cunningham Drug Stores
2%
93%
Curtis
568
~2%
Deere
&
Co
Diamond
Dixie
Co
Dodge Mfg
May
Gardner
14%
200
14%
12%
12%
38%
5
38%
29%
500
15
11%
11%
28
29
6%
16%
16%
47%
.
47%
Motors
Outdoor
41%
55%
55
13%
Jan
Jun
39% May
7% Jun
Jan
30%
3%
23
Apr
6%
15
Jan
29
Mar
3%
Jun
17% May
12% May
6% Feb
Jun
6% Jun
Jan
14
Jan
16% Mar
37'/8
Jan
51%
Jun
Jun
2
Jan
5
6%
Jan
8 Vb
34 %
Jan
43
1,414
44%
Jan
55%
25
55%
3%
Feb
4%
Jan
May
Jun
Jun
'Jun
6
9%
1,380
39%
39%
110
25
Jan
13%
13%
50
10
Jan
13 %
Jun
19%
19%
600
17%
Jan
21
Apr
8%
8%
900
4"%
Jan
"9%
*
*
Dk com—
5%
9
•
&
Jan
5%
•
Dr
10
31%
100
42
Gillette Safety Razor common
Lakes
40
475;
41%
_iioi
Corp common
AdV common
100
7%
_•
Goodyear Tire & Rubber common
Gossard Co (H W) common—
Great
16% May
14% Jun
2,200
4
7%
.10,
—
General Foods common—
General
Jan
1,750
3%
3%
-1
•
.
General
40% July
Jan
1.300
100
5%
-l
.
common——
—:
Jan
9
50
11%
-5.
common
30
15
.15
General Finance Corp common
Preferred
Jun
May
10
v
1,600
7%
7
7%
„5
Util Corp
Co
Jun
'
Transport common- „5
Amer
300
Apr
2% July
76
Jan
26%
300
12%
;
16 %
.V
1% Mar
200
•
Co common
Denver
General
40%
14%
•
42
10
14%
-1
Inc.—
Brewing
(Peter)
200
70
39%
common—:—— -1
-10:
Drive Auto—
Fuller Mfg
2%
2'A
3% Mar
2% Feb
-50
70
Inc.,
Four-Wheel
23%
:
*
Corp common.
Electric Household
95
2
common
Elgin National Watch Co——
Eversharp
93
*
Car
common—
Airlines
Eastern
common.
common
Motor
T
Cup
22
23%
.2%
(Alfj St Cohn prefer red—100
Lighting Inc
Decker
Fox
Eastern Gas & Fuel Associates—
Common
Jan
3% Jan
Consumers Co—
104
97%
25
Boston Elevated. Ry.
7%
Jan
3%
8
pfd—100
100
—
—
High
29%
50
Anaconda Copper
Low
153% 155'/a
154%
—*
Woolen
Range Since January 1
High
9
38 %
5
1% Mar
:
%
100
5'A
v
2%
150
7
1%
*
Chain
3%
100
Sugar Refining-
American
American
Low
6%
r
3i Jan
20%
Illinois Securities—
Convertible
Shares
7
3
0
Cherry Burrell Corp common..—.
—1
Chicago Corp common
sales lists
for Week
Sale Price
STOCKS—
Apr
Jun
Jan
6
5
preferred
M)
Central States Power &
Sales
Last
Jun
6
42>/8 July
Jun
Jan
3
10
__io
Central Illinois
Exchange
compiled
156%
128%
Preferred
Boston Slock
738
200
common
conv
Co
Convertible
to
155 V8
5%
Prior lien preferred
26
107%
14,153
IIII4
Central & South West Util
June
Jan
Wire-
Ring
cumul
Central
Jan
90%
20%
Brothers
&
25%
90
1
Piston
Castle
447
5%
capital-
Apr
42%
20%
Common
Burd
55
,
1975
Sons
Jun
26%
107%
5%
}
Apr
28% Mar
23% May
50
-IIIIII3
Berghoff Brewing Corp___
Bliss & Laughlin Inc common
Borg Warner Corp common
18
■
Jun
1
common
Manufacturing Co
22
25
20%
Belmont Radio Corp___
Bendix Aviation common
77
12% Jan
100
5
Aviation Corp (Delaware).
5
150
6'A
.
154
100
common—
62% Mar
Jan
—III
common
524
39%
High
Jan
2%
105
preferred_100
Tel Co
51%
4
*
Service
Mfg Co common
Truss Wheel capital
Butler
4s-.—.——1979
18
80
Bonds—
5s series A
&
Belden
550
25%
Equipment Co
Athey
355
4%
18
Tel &
American
Armour
62%
4%
25
Public
American
Low
61%
4%
preferred—--————25
A
Range Since January 1
High
*
common
Corp common
Chalmers
Allls
Castings-—
62
Shares
10
Products
27
—
50
Baltimore Transit Co
Aluminum
65
'
Low
•
Sales
for Week
Range
of Prices
apar.
80
*
Week's
Sale Price
Abbott Laboratories common
26%
2
Fidelity & Guar
62% May
34
25%
—
——:*
common
6%
12%
Jan
40
.50
"
-
common—a—10
Comm'l
Seaboard
100
Jun
Jan
9
57%
41'/a
1.10
common—.——1
—-—
100
pfd vtc
25
Casualty——
Amsterdam
New
;■
40%
Mar
2.95
1.00 Mar
9%
Monongahela West Penn Pub Serv—
T/o preferred
25
Mt Vernon-Woodbury Mills com—100
Preferred
—100
Penna
High
19
Jan
16
STOCKS—
Asbestos
Houston Oil of Texas 6%
Merchants & Miners Trans
July 2 both inclusive, compiled from official sales lists
Friday
9%
5
:
„—,
to
: Last.
Range Since January 1
41%
41%
'
Class B
236
135% 137
common—.>—5
A
864
,
8 %
40%
';'
137
——
Amer
10%
6iy2
—
--20
Fidelity <fc Guaranty Fire Corp———10
Fidelity & Deposit
10%
—
1
c_—
81
2.00
62 '
1st
Consol. Gas Elec
June 28
Low
329
18 Va
2.00
—
Shares
High
18
18 %
*
Corporation
lists
for Week
of Prices
Sale Price
STOCKS
Chicago Slock Exchange
sales
Sales
Week's
19%
,
9% May
39% Jun
'
General Electric
Gilchrist Co
—*
-
*
—
Gillette Safety Razor Co
VA
International
Button
Hole Mach
Co_10
Lamson
1
62
8%
—•—1•
(Del)
1%
31%
common
5%
o
Maine Central RR common—
—100
preferred
Mergenthaler Linotype
Narragansett Racing
4%
28
-100
5%
Assn Inc—
1
4%
1%
328
70
80
Jan
6% Mar
4% Jan
9% May
15c
Feb
37
Jan
l'A July
70
July
60
5
Jan
475
75c
Mar
1%
Feb
603
28%
Jan
35%
Apr
5%
205
4%
160
2%
Jan
50
12'A
Jan
40
8%
35% Jan
45%
46
3
Feb
6
6%
33
Jun
Jun
Apr
Mar
48% May
5
■
5%
200
13%
14%
359
15%
—
15%
100
12% Mar
15'A July
586
86
Jan
108% May
2% Mar
3%
Jan
5%
Apr
6%
Jan
14%
Jun
——*
preferred
New England Tel & Tel
100
North Butte Mining
Northern RR
2.50
(N H)_——
—100
Old Colony RR—
Pacific
100
Mills
Quincy
*
-
Pennsylvania
50
RR
Mining
—_25
Co_——
Reece Button Hole Machine
Reece
Shawmut
1
preferred—
1%
-
■
100
Inc
1
50c
100
1%
62c
100
,
141
1,755
7
24c
Jan
78
Jan
36c
15c
Jan
210
19
Jan
28% May
30
790
23%
Jan
32 %
66c
Jan
1%
1%
9%
1%
20
200
11%
9%
15
8% Jan
1%
50
1 % May
1% May
1
10
1
1
11%
9%
11%
120
10
607
3
3
200
62
8
3
Mar
Jun
62
Jun
29%
Jan
35% May
29 Va
Apr
37
Jan
34%
280
32%
145
United
Drug Inc
5
14%
13%
14%
170
7%
United
Fruit
S
Rubber
—
Utah. Metal St
Vermont &
Waldorf
i
-
Tunnel
Massachusetts Ry.Co—100
System.
Inc
——
Westinghouse Electric & Mfg
,
Boston
10
—
—————I
BONDS—
& Maine
—*
50
Feb
76%
1,064
60 %
Apr
71
72%
532
63%
Jan
14% July
76% July
72% May
46
46%
115
42%
Jan
46% Jun
44%
44%
210
25%
Jan
44%
28c
30c
73%
108% 108%
10%
11
96%
500
23c
Jan
10
90%
Jan
190
7%
Jan
80%
Jan
63
48c
109
Jun
Apr
Jun
11% May
99% July
'
mtge 4ya% series A——1970
Massachusetts Street Ry—
4%s series A
62
RR—
Income
Eastern
Jun
Feb
33'A
71%
Jun
—1948
——-
For footnotes see page
79.
57%
57%;
$5,000
(W
Jarvis
105
2,000
B)
2%'
Katz
Drug
Co.
&
Common
Line Material Co common—
Liquid
Packing
Loudon
40%
Jan
'57% July
Marshall
103% Jan
105
May
Jan
6%
Jun
63
Jan
73%
Jun
73
74%
365
57
Jan
74%
Jun
15%
250
9%
Jan
15%
Jun
12%
class A
Merch & Manufacturers SecClass A common
i
——
$2 cumul part preferred-..——
Mickelberry's Food Prod commonMiddle West Corp capital
Midland United, conv ptd
Common
Midland
8%
Jan
3%
Jan"
4%
7%
8%
2,700
14%
14%
500
48%
49
120
4%
49
1%
1%.
16%
15
2
prior lien
preferred A.
prior lien
77o preferred A
Miller & Hart—
Common
stock v t
;1%
4%
%
14%
49
Feb
5
.
60
9%
%
Jan
12
12
100
7%
21%
30
15%
1%
1 %
200
,
Jun
l%&!uly
'July
8%
Jan
Jun
July
30,
Jan
1,650
2
8%
Jan
24% Mar
5,550
Jun
May
Jan
21%
Jun
16% July
2
July
Feb
12
Jun
Jan
21%
Jun
1
6% May
May
15%
15%
15%
1,160
10
Jan
15%
26%.
25%
26%
200
13
Jan
27% May
5%
100
5%
.1
=»
110
26
26
1%
6"% May
Jan
Jun
28
Jan
19
Jun
'
'It.5
-
v';.V.:
8%
4%
:r
vi
13%
4%
400
3%
Feb
4% July
8%
8%
3,400
4%
Jan
9 Va
87/s
Jan
13 Va
13%
1,900
A
5,500
6%
10%
1,550
12
'
,
100
9
100
6%
%
%
100
.
10%
2,800
1%
Feb
%
%
2%
1,450
Jan
%
1,050
%
100
i0% Jun
Feb
2
Apr
Jun
% May
A Mar
100
6%
:
—
—
% May
10%
Jun
% May
Jan
——
$1 prior preferred———
Modine Manufacturing common
Chemical
20
5
5%. Jan
41
2,200
8%
%
6%
7%
-
16%
8%
8%
1%
30
30
30
*
Utilities—
Montgomery
100
950
4%
*
*
Field common
McCord Radiator & Mfg
Jan
4%
100
665
—*
common—
11%
6»A
*
Carbonic common—
Jan
12%. 12%
*
*
5
Printing $3.50 preferred
Lincoln
3% Mar
16% May
23% May
17% May
19
15%
7
Llbby McNeill & Libby common
50
16%
Jan
7% Jan
100
Jan
1%
100
300
2% May
ii
73%
73%
5
*
University com
cumul preferred
Jun
500
6%
Switchboard common—
♦
class A—*
Kentucky Utilities jr cumul pfd.
50
Salle Extension
16%
2%
Ken-Rad Tube & Lamp com
La
Jan
22
Kellogg
Leath
10
14%
16%
1
Co common—
415
71%
——1
capital
Co
Jun
16
14%
•
common
Jun
13%
21%
Manufacturing Co common..—1
Monroe.
105
2
10% May
1%
32
75%
Mar
5% Jan
32
•
10
12%
♦
25
Jun
9% Jan
5
.25
1% Mar
1%
62
—
Apr
Harvester
39%
Jan
2
.15%
capital———10
100
Independent Pneumatic Tool v t c
•
Indiana Power & Light common—
*
Indiana Steel Products common...;—1
Inland Steel Co capital
*
International
Jan
10
12%
Illinois Central RR common
Jun
25
20
36
12%
Brick Co
Illinois
9%
*
140
36
1
Hupp Motor Car common—
1.00 Mar
1
•
CO**.
July
27%
*
preferred
100
Apr
36c
Twist Drill
cum
85c
29%
Union
6%
j
26%
preferred
Torrington Co (The)
United Shoe Machinery Corp
Jan
36c
common-*
,
Electric Securities
$4 2nd
A
30
10
*
101% 102%
27%
100
Assn.
Stone St Webster
Suburban
101%
*
Machine-——
Folding
Rutland RR 7%
—
100
N Y N H & Hartford RR
capital
1
Hibbard Spencer Bartlett common—25
Horders Inc., common——
*
Houdaille-Hershey class B—
*
Heileman Brewing
Joy
England Gas & Electric Assn—
5'/a%
U
July
1%
28
5%
4
40
8%
32
28
—
Nash-Kelvinator
New
127
*
Copper
Corp
20
9%
15
Royale Copper
Kennecott
70
5%
8%
9
*
Hathaway Bakeries class B—————*
$7 convertible preferred—
Isle
5%
„
2%
-
^
common—--——-
Ward St Co common.—-
*
2%
10%
10%
28
28
50
Jan
1
8% Jan
2% May
11% May
3%
3%
100
%
Jan
28% May
3% May
46 Va
48%
356
33%
Jan
48
150
Jan
22
Va
Jun
a
'
t.',.v'vv?»
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4191
158
OTHER STOCK EXCHANGES
Northern
Corp
Illinois
Northwest
,
common
common
Pen
.
Co
600
26%
Jan
8%
Jan
18%
100
7%
Jan
475
14%
Apr
Jan
14%
1,400
17%
110
9
Jan
July
10
114
Akron Brass Manufacturing
Apr
Mar
118
100
14%
Jan
24
4'/a
4%
400
2%
Feb
5
&
Jun
83
%
Clark
Controlled
Jan
369
Preferred
Jun
46%' Jan
59%
.
12 %
60%
34
4%
Jan
12%
13
470
6%
1%
Jan
13%
3
350
,
Harbauer
Co
450
—
capital—.-—._1
.1
Sears "Roebuck & .Co capital—
—•
* ' 82 % ;
Serrick Corp class B common
—_1
3%,
Signode Steel Strap preferred
30
Sinclair Oil CorpL-i.-——'llVa',
South Bend Lathe Works capital—-—5
y;'
Southwest Light & Power preferred.—*
Spiegel Inc. common-—
2
—
12%
81%
&
Gas
Standard
Oil
Electric
capital
Storkline
Furniture
Swift
&
Swift
International
Texas
Co
Tool
2,400
21
22%
400
97
97
20
Thompson
(J
R)
Jun
111/4
21
Jun
27%
83
% Feb
412
3
VA
97
17
Jan
13
300
15%
Richman
100
1,150
Carbide
Carbon
capital
United Gas & Improvement—
S
U
S
Co
Gypsum
Steel
preferred—
Co
Walgreen
Union Tel
Western
Inc
Bankshares
Wisconsin
Woodall
Industries
Wrigley
(Wm
Zenith
Radio
Corp
Radiator
American
Anaconda
Jun
& St
White Motor
com
Co..
_i
York
R
Apr
a9 %
*
al8'/8
a
18'4
40
0
al9
a
19%
939
27,
Jun
Ohio
35%
Apr
52%
437
42
Jan
Oil
S
common
Jan
24%
84%
340
79 Va
Jan
Jun
3%
200
3%
Jun
72
72%
263
59 %
30%
857
16%
3%
Jan
Jan
"30%
2,277
205
112%
Jan
900
2
Jan
4% May
26%
27
448
20%
Jan
23%
20
18'/a
Jan
25
37
39%
75
26%
Jan
39% July
98%
98'A
25
80%
Jan
98%
8%
9%
850
5%
Jan
8'/4
950
6
600
9%
8%
8%
6
5%
Chicago Stock Exchange
Jun
6%
Apr
58%
Jan
4%
Jan
7% May
35
July
7
550
„_f,
33%
35
720
•
10%
10%
28%
Jan
19 3A
11%
907
6 %
Jan
11%
27%
28%
1,050
24%
Jan
31%
56%
58
350
45%
Jan
58
Telephone: Randolph 5530
May
65 %
63%
65'A
56
Jan
69
Apr
8%
8%
40
39'/a
38%
39%
1,300
9 %
245
6
Jan
20%
21%
200
18
Jan
13%
14%
9
Apr
6%
■
v
Jan
Jan
39% July
9%
24
15
675
10%
Jan
20
15%
Jan
28
Jun
40
327
26%
Jan
40
July
6% Jan
890
11%
12
1,777
5
Jan
Republic Steel Corp
*
20
19
20%
2,100
14
Jan
common
Standard Brands common
4%
Jan
58%
812
46%
Jan
12%
320
5%
Jan
13%
10
43%
43%
156
25%
Jan
44
Jun
1
16%
17
201
12%
Jan
18%
Jun
...
Rubber Co
common
8
Drop
Brown,
Jun
1
7%
58
common
Electric
Forge
McLaren
Burroughs
Chrysler
Corp
Consolidated
Crowley,
Detroit
June 20 to' July
2 both Inclusive, compiled from
Friday
Week's
.
Last
8TOCKS-
common—
Paper
&
Par
of Prices
Low
American Laundry Mach—.————.20
Participating preferred
Baldwin- v.——
——...8.'
Paper & Fibre
21%
■.—..iy—i-;......—100
Churngold
LL--K:v.-'
-v———.
Advertising
Products
Cincinnati Gas & Electric pfd
Cincinnati N. O. & T. P.—'—,
6%
Telephone
Cincinnati
Union
...
Stock
Yards...
....—'
Low
27%
2014
•40
100
96
%
Jun
%
Jan
2%
8%
8%
50
21%
10
104
50
* 3.
Dow
40
———iz
„•
;
vi;%
..i-.——
\
■'.
Lunkeriheimer *
—*.
54%
fil %. preferred.;_1^100
—,.\-"
:
10
3
69%
155
60
Jan
Printing—
'
Citv
Ic,e & Fuel...:——_______
*
Columbia Gas !
General
Motors
Ptftrdard
Timken
Roller
Bearing.........
For footnotes
see
page
79.
a
2
1 % Mar
May
18%
18%
13
May
90
.
9
Apr
Jun
70
Jan
2%
Jan
3% Mar
220
7%
Jan
31
31
25
28%
Jan
13% May
32% Mar
33%
300
16%
Jan
35
common
common
common
1%
1
6
3
83c
2,000
3% May
Jan
.
2% May
^
Manufacturing common
9%
66c
14%
,
Apr
13
May
Jan
10%
Jan
1% •Jan
83 c
Feb
75c
Jan
4
51c
700
70c
19
Jan
4%
752
Jan
9%
206
600
9%
425
Jun
Apr
4 Va
Jun
Masco Screw Products common
McClanahan Oil common————
27
27%
Jan
30
May
;
3%
1%
1
1
3%
200
1%
2,050
22c
600
.
49c
2%
1
13c
1
50c
2%
1,750
1%
28c
200
1%
Feb
1
1
5%
5%
400
1
5%2
7
450
200
Apr
2%
7
Jun
2%
Jan
2 Va
Apr
May
-
1% Mar
Jan
Jan
2%
2%
2%
1
Mid-West Abrasive common—
1%
22c
—
Michigan Die Casting..-.—.——.1
Michigfan Silica, common.:
Michigan Sugar common
Micromatic Hone common—
3%
800
Jun
Jan
1
4%
Apr
6%
1%
Jan
62c
% May
Jun
2% Mar
Jun
77;
60
20
Motor
Packard
20
6%
Feb
375
24%
Feb
32% May
20
Feb
25
Jun
Peninsular
48%
Jan
57
Jun
Pfeiffer
Jan
228
■'
Jun
17%
150
11%
840
4%
4%
430
3%
3,785
18%
11% ; Jan
5% Jan
2%
5
Jan
1%
Apr
11% Jun
Jan
May
3 Va Mar
•
Jun
8
2
17%
10%
—
Motor; Car common—
7»A
'
25
228
■:£?■ S--
60
55%
299
1
228
226
6%
1,433
'■ :,/-5
.47
4%
3
Jan
41%
Jun
•2
2
—
.10
Murray Corp
30%
53%
9%
5
Wheel, common
7%
5%
7%
...
Apr
12%
|A
12
Jan
55%
Brands
4'A
2%
—.*
Hura Lock & Mfg common..:
1
Kingston Products common
1
Kinsel, Drug common———-1'
LaSalle Wines common———^——..2
Jun
Jan
4%
Jan
Hudson Motor car, common
Jun
2%
—
2
common.——10
8
30%
16
322
Hoskins
9%
10
a
3%
Hoover Ball & Bearing
Jun
Jun
6% July
■■Park- Chemical-
Rickel
River
47
85
4%
%.
38
Jan
1
4%
Jun
688
10%
Jan
50
5%
14%
4%
4%
48%
16
^
14%
7%
Mtl
Prd
Brewing
common
common
Paper common
8%
*
May
Jan
Simplicity
55%
'8
49%
70
'
152
152
10%
2
44'A
Jan
Jan
Jan
535
4%
Jan
35
41%
Jan
14%
July
Apr
•5%
Jun
55%
Pattern
Standard Tube
1%
1,100
8 %
350
3%
14
Shirt
Dist
common.—
Radiator preferred———
3%
100
3%
1,000
14
28
76c
Jan
5%
Jan
2%
Jan
49%
3%
Jun
Jan
14%
Apr
1%
.Jan
2%
Apr
1%
Jun
2% May
2%
2,770
1
2
2
315
1%
Jan
0
4
4
100
3
Jan
4
16%
Feb
28
68c
Jan
50
Wayne Screw Prod common——....—4
-
Jun
Jun
27 V8
94
2'A
1,500
1%
430
1%
Jan
1% Mar
4%
4%
500
4
Jan
5
27%
2
1.
Warner
Jun
Apr
2
1%
■'■■
Universal Cooler class B__———.—..*
common
3% Jun
1%- Jan
10%
2 Va
2%
Jun
8% July
1%
Jun
Aircraft
.
2%
1
May
1%
:
-
450
Jun
8
32
Jan
100
common—___1
Brewing common..—
United
U S
common..
class B
207
8
3%
3%
—*
10
common
31
1%
1
2
(H W) common
Raisin
Scotten-Dillon
31
——
■
M4%: 16
55
3
L_——..a———
Parke, Davis common.
Tivoli
25
Rolling Mill.
3%
,
Unlisted—
American
Apr
1
Jun
Jun
200
10
1%
■
Jun
Jan
39%
.
—'
Bank
Jan
2
7.'A
39%
50
Preferred
Jan
70c
2
8
.,
39%
.-/riiA'A
17%
175
Graham-Paige common
98
Jan
Jun
,
,
Feb
6%
——U...—-—■;
"U. ,S. Playing Cards..
969
1%
Jun
'
43
Apr
20% July
20%
1%
20
Jun
Jun
7%
24
Procter & Gamble—.—.A—.i.i..—*
5
5
Brewing common———
'
30
4% July
Jan
Jan
Industries
Motors
29%
"s,-
„
■
Jan
3
1%
6%
:
Jan
81 Va
200
Apr
Jan
1
750
3%
250
10%
5
"4% May
84
1
*4
.Kroge r
15
#
12
1,850
4%
2%
33%
4
83% July
.
2%
Jun
11
9%
8
AA
Jun
3% July
Jan
1
——_i
Goebel
107%
60
12%
Formica 3 Insulation^——V
480
15
3%
15 %
Jan
Jan
200
83%
15
9%
75c
68
6%
Jan
874
3%
12%
2,400
55%
Jun
;
3%
.1—10
155
3%
83'A
20
common
14%
2%
Jan
.
Eagle-Picher
Early &; DanielL—1.
14%
Jan
22 Va
8%
8
Jan
1%
3%
99%
,
49
6%
86
9
—*
1%
1%
44%
Jan
68%
69%
500
7% May
1% Apr
,
200
8% July
634 Mar '
6
10%
96
8
Jan
%
1.129
17%
•
86
4 Va
7
Jun
27%
10
95
20
Apr
505
,7
3,840
High
;
Jan
61
>
Apr
8%
1%
Range Since January 1
2%
6%
Cincinnati Street——.yy—50Cincinnati
Shares
2
10
2
Jan
6%
Wood
General
2
104
1 Va May
5%
55%
Gar
21%
'
8%
■
•*
100
200
55'A
Frankenmuth Brewing
2%
■
High
Low
1%
10
lists
Sales
for Week
2
___* ;
—
sales
Range Since January 1
Shaics
High
8
1
*
12%c
5
10
*
common...
Stove
for Week
Range
of Prices
1%
1
common
Iron
Detroit-Michigan
High
27%
-7
Edison
Gray
lists
7%
common—..
Cleveland Nav common__10
Detroit
official
common
sales
.
Range
Sale Price
prior pfd
.
Machine
Milner
Detroit
Cincinnati Stock Exchange
common..
common
official
Sales
5
common..—
Adding
Biscuit
Burry
,
1
common—-——
Baldwin Rubber common.^
58% July
12%
7'A
capltal__25
Corp
Yellow Truck & Coach class B—
Allen
Atlas
from
Week's
Low
Par
Jun
8
2,350
57%
*
Standard Oil of New Jersey
Sale Price
STOCKS—
12% May
20 % July
common
Friday
.
Last
May
1,900
,,
Jun
18%
28
Exchange
July 2 both inclusive, compiled
May
38'A
27%
26 to
June
Apr
27%
13%
*
.*
Detroit Stock
9 % May
30%
17%
.5
common..;..
1,122
Jun
11%
■
DETROIT
Ford Building
70% Mar
6%
7
8'A
Jan
3%. Jan
117
67%
67%
Associate
New York Curb
Detroit Stock Exchange
9% July
•
Western
Feb
102
Members
New York Stock Exchange
Jun
19% May
U».. -S.
Feb
101
Watling, Lerciien & Co.
Jun
Jan
'Rapid
$3,000
27% May
23%
26%
102
120% July
4%
4%
Debenture 5%s
Apr
58%
120%
56%
120
9%
*
Feb
Jun
59
47%
1,170
'
51%
Jan
Jun
18%
Art
49%
30
15%
72% July
Jan
27%
58%
102
•
17%
Gibson
a
Western Reserve invest Corp"
86% Jun
18%
(Dan)
15%
19% Apr
Bonds—
13% July
Ian
8
15%
•
Cohen
a
14% Mar
93
a56% a57 %
*
common
50
12% July
Feb
8 %
.?
750
*
Cincinnati
a9 %
•
Steel
Youngstown Steel Door
52% July
capital
:■Preferred■
common
Republic Steel'
(The)
Campion
Apr
200
al9% al93A
Electric
Jan
Radio Corp of America common..
•
May
8%
100
New York Central RR common-*
Co
;
common
183AMar
Pure Oil
American Products
Mar
10
,
130
a44 % a44 %
&
10%
Inc
S.
20
Jari
20
a38% a39 %
T
Jan
Pullman
U.
a40% a40%
10
Industrial Rayon ——.iw—i
...
Interlake Iron common-.—
—.J?
General
Jan
i
RR capital
Pictures
Studebaker
July
Unlisted-
.
29
*
Corp...
Central
10
Jun
90
a20
Jan
30
•
;
Interlake Iron Corp common
Martin (Glenn L) Co common
New
a20
Firestone
22%
1
Nash-Kelvinator
50
———
Apr
7%
50
San
Curtiss-Wright
/ Paramount
33 V2
f
Feb
Jan
Mar
Jun
19%
Jan
July,
'
Copper Mining
Electric
17
200
Jan
72%
Atchison Topeka & Santa Fe com—.100
Bethlehem Steel Corp common
*
General
17
Jun
600
v
17
90
Jan
360
84
•
common
Stocks—
Unlisted
23%
51
14%
28%
1,750
5
11'A
534
7
1,360
...• f.
capital—
308
90
Jan
13%
*
19%
33%
90
■.
5 Va
1,000
2
capital
Co
Mach
Yates-Amer
common.—
common—
Jr)
13%
33
90
Jan
12%
v '
14
May
T 2% May
9%
'
*
—
.MM.
33%
1%
24%
100
common...
213
7
12%
Westinghouse Elec & Mfg common—50
Wieboldt Stores
Apr
100
23
1
common...
7% May
90
Jan
1
143
34%
12
•
common
18'A Mar
100
26'%
1
Wayne Pump Co capital
65
200
a4%
July
18>A Mar
-
'
100
Utah Radio Products common
110
2
a 4%
18
'v
Jun
Jan
88
2
a43A
3%
569
6%
-;x
520
13%
20
5
Jan
Jan
35% July
"• 41
Jun
24
*
common
cumulative
7%
capital
Feb
14%
16'A
300
;15%\
3%
Transp
12
20
7%
51%
•
common
Lines
Air
United
140
455
17 Va
7%
14 Va
distribution
Ex-stock
U
&
18
Feb
Jun
7
7%
'
Union
Jan
11%
•
7%
U
Transcont & Western Air Lines——.5
4
a———...*
Iron Works
34
52 %
378
Jun
35%
Jan
a
87%
*
25%
15
Apr
Jan
10
■
50
9%
14%'
9%
15
Mar
30%
3%
13%
35
_*
2% Mar
■
May
17
18
17
6
—*.
preferred.
Vlchek Tool
;
-% -Apr
1%
35%
Dorn
40
—100
Bros.
Apr
Mar
Weinberger Drug Stores—*
Apr
2%
Jan
Van
17%
Jan
-'
100
6
al7Va
———-*
Patterson-Sargent
May
16
A—
class
Sparks-Withington
Jun
7'/a
Jan
250
3%
2
—25
common
10
2%
1%
Jan
34% May
'
33
:
,
250
32
6
new.—-4.—
.*
Prior preferred 6 % w.-T——*
National Tile
*
Jun
4%
,
Jan
7%
35
25
15
(The) common
Trane Co
82%
Jan
Mar
--
2%
15%
common—5
capital
3
Apr
Jun
25
11%- 113A
———_■.—•v.——I'
LeMur
48 'A
32
18
•
Nestle
:
15%
6%
National Refining,
May
29%
6%
35%
capitals.-.——,.—-—...25
Corp
59 %
751
•
11%
10%
10
capital
14
7%
70
common——5
Macnine
ounustrand
Jan
4
.
15 %
;■..
25
common
200
400
Sterling Brewers Inc common...—1
Stewart Warner Corp
21% Mar
"
common
Indiana
ol
Jan
32%
__
.——20
*
Preferred
Standard
Mar
19
82%
3%
32
—
common——1
:
71
w.—
;
10
41%-41%;
—-—*
Cement.u.
Portland
National Acme
Jun
5
450
13
21
.
Schwitzer " Cummins
Dredging
6%
50
21 % :
—
Sangamo Electric Co common.—.——*
Apr
•
33
48%
32
Medusa
3%
1% Jan
«.-.-
Jan
Jan
15 Va
20
148
41%
Steamship
*
Kelly Island Lime & Tr
*
Lamson & Sessions—*
.
,
•••
*
—
Leland Electric
1
-
..
L-
:
10%
w
115
48%
Interlake
Mar
20
a40 Va a40%
a39% a39%
•a
Apr
50
14% a 14%
20
i'-Y:'
Jun
15
59
160
4,304 "
a24% a25
-J"'.';»>•
Lakes Towing
100
Halle Bros preferred^.—4L.^—u100
Mar
155
t
Feb
15%
—'
—a...'j.*—
Great
3% Jun
92
Jan
-
147%
10
151
151
70
100
88%
Feb
67
B. ^F,.——it...-———:
Goodyear Tire & Rubber
*
Jun
22 :
—
5%
Feb
Jan
75
a 18'A
14%
a
High
4%
10 V2
30
:b:; :■';
67
Goodrich,
Jun
10
;
Rubber
al8%
«•"'■'
%
50
%
al02
15%
..5
common
General Tire & Rubber Co-^-.u^—.i.;25
Jun
850
88%
>
—
Ray theon' Mfg, Co common..———50e
6% preferred
———————5.
Rollins Hosiery Mills common—.'
-4
Standard
Range Since January 1
.low
5%
a 14%
67
•
Manufacturing
Faultless
Jun
Jan
12%
12 %
'12.%;.
60 %
34
11%
-
preferred
Iron,
Corp
Eaton
May
34;
,
——*
—^—100
*
33
5%
.j:.,
al02
i—..^.l,■
■—■——3
Cliffs
Cliffs
1 % May
Jan
23%
2%
common..
86%
Feb
50
606
Process Corp.common.——
co
70
%
30%
.
*
B..—),
Pressed Steel Car common———1
yuHfeer uats
70
83
%
29%
%
29%
Pennsylvania
Co„———
Shares
High
al4%
r_„50
■
Fuel—
—...—-w———i-L.100
Preferred
May
118
Ice
City
Jun
23%
'
::"V—
,6%.' preferred
—.——100
Gas & Electric class A com—.*
RJR capital—
50
Peoples Gas Lt & Coke capital
100
Penn
(The)
of Prioes
Lo^
'
lists
sales
Sales
for Week
Range
Par
official
from
Week's
Sale Price
STOCKS-
Jun
23%
118
—
;
Perfect Circle
compiled
Last
20% Mar
10%
14'A
17%
—
Peaoody Coal common B————n,
.Poor & Co class
inclusive,
Friday
21% July
-
21%
14
%f,
\
10
:
both
10% Mar
10
20
21%
100
pfd
common
July 2
14% May
Cleveland
Parker
to
26
*
Northwest Bancorp fcommon-—-14
North West Util, 7% pfd————100
—
Oklahoma Gas & Elec 7%
Jan
1,400
17%
June
Jun
15%
Jan
9%
Exchange
High
36
36
17
10
•
Airlines
% 640
14 %
35%
17%''
10
50
15
13%
*
Inc
15
36
20
North American Car common
'■•
15
13'A
Springfilled common———*
National Cylinder Gas common—---l'
National Standard common—.-——.10 *
Low
High
Low
Cleveland Stock
Range Since January 1
Shares
of Prices
Price
Nachman
for Week
Range
Last
^ii^^ipjCKSri
% Sales
Week's
Friday '
'::VVV/:VV7/V,/^
4%
2%
May
Mar
THE COMMERCIAL &
76
Monday, July 5, 1943
FINANCIAL CHRONICLE
OTHER STOCK EXCHANGES
Last
_50c
Petroleum Company
Berkey
Blue
&
Chica Oil
Bolsa
common
Aircraft
Chrysler
Co_.
Corp
5
»—
Goodyear
Hancock Oil Co
Lane-Wells
Lighting
Corp
com
55%
100
9'
39%
206
26%
Jan
39
317
34
Jan
80c
100
Jun
Mar
14
.
39% Jun
41%
Jun
1.80 May
Jan
1.57
37c
30c
27c
3,100
May
Jan
24% Mar
Jan
1.80 May
5,100
30c
Jun
June
30c
7%
29 Va May
Jan
29
34 J/4
200
30%
Jan
34%
Jun
421/4
42 »/4
337
34 J/a
Jan
42 Vt
25
6'/a
7,030
4Va
Jan
532
3 V4
Jan
2V»
Jan
3%
Jan
23%
Jan
265 "
4%
4%
4%
2,702
29 V4
30>/a
3,032
19 V4
18 Va
19 V4
6,427
16%
25%
25 V4
25%
2,732
23%
39
1143/4
Jan
117
'
:;t
5%10%
11
60c
41/4
4
Jan
IIV4
65c
33'/a
Jun
245/8
133/4
Jan
26'A
Jun
50
19%
18 Va
19%
143
143/a
Jan
225/a May
~7%
—
33%
33%
10
26 J/2
Jan
28 3/s
33 s/8
2 8 3/B
25
22 5/8
Jan
7Va
723
2 3/4
Jan
7
"
3%
2,087
■
—
Sinclair Oil Corp
;
Aircraft
35 J/4
Jan
39
13
32
Jan<
42
.
—
65
38 '/a
Jan
43 '/a
66
48 5/s
Jan
63 '/a Mar
3>A
/. 3 Vt
50
Jan
4'A May
Jan
l'/a
J/4
Feb
l5/a May
la
Jan
2
32
22
Jan
36
1%
50
Jan
2 J/4 May
32 V2
606
17%
Jan
33J/2 July
9'/a
7,400
5%
Jan
2%
11,467
1%
Jun
10
12%
Feb
16
Jun
298
21 J/8
Jan
26
May
9 Va
9'/4
2>/4
•
*
2
15-%
15%
15%
23
_10
20
Westmoreland Coal
21Va
23
11 J/s
Jan
llVa May
7Vs
797
33/4
V
7%
233/4
3,523
30%
4
Jan
Mar
7%
Jan
4
277
23J/4
25
2'A
883
303/4
Ltd—25
preferred} B——
6%
31/2
23%
to
26
July
Jun
21 '/a
Jan
25
577
30
Jan
31% May
16
Jan
30 V4 May
28'/a
Jan
39% May
Oil Corp
Sunray
520
1%
Jan
1,022
6 J/4
Jan
271/a
27
27 J/a
1,010
37%
*
*
Pacific Co
Standard Oil Co of California
37%
38 >/a
743
4Va
—
4%
83/4
—1
--
Apr
9
5Va
-2
Corp—.
Transcontinental & Western Air
Jan
24% July
2,894
15%
Jan
21% July
350
8%
Jan
12 Hi
24%
181
203/4
213/8
11 J/a
5
May
19'/a Mar
24%
--
10
12
Week's
for Week
--
8 3/a
200
6 >/a
Jan
8%
33/4
673
3
Jan
4
•
Allegheny Ludlum Steel
M)
(A
common .
Columbia Gas & Electric
Devonian Oil
_
_
_
4%
—
_10
—
..
(Joseph)
i—
Unlisted
10c
Co
4c
—
& Ref
Smelting
Co
.
Co
Copper Mining
IIV4
100
24%
Jan
3 Vs
Jan
5%
180
48
Jan
56%
150
21 J/a
Feb
5
5
250
3 J/a
Jan
18
225
12 J/4
Feb
181/4
950
13
Jan
18 V4
36 J/s
900
29%
Feb
a36
General
Foods
•
—
Co
—
*
*
*
Co
Central
American
North
American
Inc.
Paramount
Oil
Southern
&
Stone
.
Swift
&
Corp
Inc
—
—
Air
United
United
U S
(The)
Aircraft
Corp
Corp
Transport—
(Delaware)
Lines
Rubber Co
—-—
United States Steel Corp
Westinghouse El & Mfg Co
Willys-Overland
For
Motors
footnotes
83
84%
Jan
96 Va
Jun
6%
4
—
.
see
Inc
page
79.
6%
Apr
Jan
4
Jun
Jun
8Va
250
5%
Jan
8Va
2%
2%
200
2%
Jan
3 Va Mar
55c
Mar
1.50 July
33
May
l'/a
l'/a
33 Va
34%
229
23 Vb
1
100
23%
98
98
—
_
—
it
-50
...
—
,
St. Louis Listed and
23V2 Mar
6 3/8
Feb
35
15%
Jan
24% May
98
72
150
Jun
98
Jun
Unlisted Securities
Apr
Edward D. Jones & Co.
19% May
Jun
Established
141/s
9%
14% May'
IE
420
%
Jan
lVa May
Chicago Stock Exch.
63/4
200
4 J/a
Jan
7Vb May
125
29%
Feb
35 V2 May
1922
LOUIS
Associate Member Chicago Mercantile Exchange
New York Curb Exchange Associate
35
391/4
42'/a
342
8%
Jan
7
93/8
Members
Phone
Exchange
Louis Stock Exchange
New York Stock
CEntral 7600
Postal Long Distance
Chicago Board of Trade
Bell Teletype SL
593
,
Apr
29
40
31%
Jan
38% Jun
Jan
41
Jun
Apr
41
Jun
68
1%
35'/a
90
36
170
41%
41
1
323/4
323/4
J/4
Feb
Jun
6%
Jan
35
54
Apr
55
Mar
36 J/a
Peb
48
July
640
436
30
—
—
r
a61
48
61
50
48
'
48
205
36
Mar
113/4
12'A
15 J/4
16
425
18 »/4
\
10 '/a
Jan
20 %
Apr
901
9%
Jan
14
Apr
325
10 J/a
Jan
163/s May
19
43/8
4 5/8
2%
125
Burkart Mfg common
Century
295/a
18 Vs
5
Jun
May
Ely & Walker Dry Goods
Falstaff Brewing common
Hussmann-Ligonier
27%
Jun
Huttig
31%
Apr
Jan
19 V4 May
Pressed Brick common—100
—100
International Shoe common
•
Johansen Shoe common
1
11 J/a
11%
330
Jan
12V4 May
19'/a
20
788
14 J/4
Jan
20
a81%
83 Vs
234
59%
Jan
76
May
133/4
133/4
493
10 J/4
Jan
14
Jun
261/2
*
15
*
*
—*
1
25
5
Jan
Jan
26 3/8
5
July
——
Hydraulic
Preferred
Monarch common
Laclede-Christy Clay Prod
■
100
16%
Jan
Landis Machine common
common—5
20
25
73/a
8
1,001
4 J/4
Jan
8
Jun
Meyer Blanke common—
83/4
15
7%
Feb
7%
Feb
Natl
12 J/4
.35
5%
Jan
:
293/4
Apr
Laclede
Steel
common
a26 J/4
'
261/2
130
24 J/4
Feb
25 V4
Apr
Rice-Stix
100
Candy common
*
Dry Goods common———*
Louis
52
128
42 J/2
Jan
49%
Jun
Scruggs-V.-B.,
37%
125
27 V8
Jan
39 V4 May
a
•
13
__
——
.
1%
37%
a28 J/a
303/8
95
18 >/4
Jan
1%
13/4
2,075
&2
Jan
May
National
—
——
--
Jun
2V4 May
25
33
Mar
57J/4
571/4
405
48
Jan
58 V2
97 3/s
125
82
Jan
82
Metals
Inc.,
preferred
common
Scullen Steel common
Securities Inv
Stix.
Jan
Baer
common
& Fuller common
•
'
11
7%
8V2
6
35%
2
•
26
400
11%
360
7%
235
8Va
25
6
36
1%
2
1,000
25
5%
7%
7
15%
14 Va
102
24-
9Vs
200
7
150
16
451
80
12
20
14Va
2
102
23
7V4
5Va
7Va
20c
Jan
■
ll'A
Jun
Jan
Jan
8
5
Jan
15% Jan
9
Jan
13% Mar
99
Jan
Jan
Jan
10%
30%
91
91
,
500
271
Jun
2
6Va Mar
Jun
30
Apr
Apr
July
Feb
7%
10
7Va
5%
8V2
50
70c
36
1 % May
2Va
1,125
7Va May
8 % May
4% Feb
100
12 Va
Jun
Jun
Jan
Jan
Jan ,.'"
22 Vs
23 Va
Jun
Jan
Feb
50
2
14
6 Va
Jan
Apr
Jan
3% Jan
28%
42
22 V2
26
6%
12%
15
17 V2
Jan
14 Vs
22</a
*
——*
10
3%
230
9%
2
'
835
26
14
—5
10
35 Va
12
9Va
■V
245
7%
26'
400
50c
6
5%
16
200
23 Va
50c
50c
50
6
Jan
High
7Vb
21
7%
May
Apr
18
Feb
12
Jun
14'/a
102
27 V2
Jun
Jun
Jun
9% July
2% Mar
14
Jun
Jan
13
May
Jan
22'/a
Jun
lO'/a
Jun
24'A Jan
31
Apr
Mar
91
July
6Va
Feb
Apr
a96%
a44i/4
10
273/4
Bearings
I5V2 Jan
26
Bank Bldg Equipt common—3
a515/8
—
31
150
23%
23 Va
—*
8 3/4
121/4
—
100
20%
6
*
*
Key Co common
42
20
1
*
15%
110
Low
5% Jan
110
6%
'«%
42
42
common—_25
common
& D common
S
1
Bottling common
12 V4
86
175/e
19
Jan
-10
Electric Co.
24
115
27%
293/,
„
Jan
12
250
—*
1
Brown Shoe common
,
Range Since January 1
Shares
High
Low
—1
common
for Week
Range
of Prices
Par
Investors
Sales
Week's
Last
Coca-Cola
18%
compiled from official sales lists
Sale Price
STOCKS—
American
17%
both inclusive,
Friday
Apr
153/4
31%
"
July 2
to
26
16 3/4 May
Jan
145/B
31%
'
Exchange
SI. Louis Slock
2Va May
32 J/4
230
323/4
14'/a
L'.
27%
*
50
1
Jan
2
74
8
Jun
10
50
25
—5
5
*
|
4</4
100
6'/a
•4
2%
1
Alloys Steel
Westinghouse Electric & Mfg
St.
United
94%
8
—5
Knapp
Co
Co
Texas Corp
93%
93%
Apr
1%
—
Brands Inc
Studebaker
14% May
5
a413/a
20
Co_
Railway
36
Jan
..
June
America
Steel Corp—_
Webster,
Feb
9V»
45
'
*
Inc
Pictures
Socony-Vacuum Oil Co
Standard
3 l'/a
52
6%
i
,
common
Jun
92
13%
-
Jan
a405/8
..
—
1
1
Inc—
&
United States Glass
Jun
36
13%
—
•
common—
Jun
36
t)
Jan
a
--
Co
Roebuck
Sears,
lVa
Jun
8%
Radio Corp. of
Republic
7% Mar
Jan
;
Company.
Pennsylvania Railroad Co.
Pure
9%
Jan-
1
2
6 3/e
*
1
—_*
RR
Co
Pictures,
Packard
Jun
5%
551
475
35
of
Aviation,
50
5%
%
a39Va
Canada—*
*
Kennecott Copper Corp
*
Loew s, Inc
——-—*
Montgomery Ward & Co——
*
Nickel
North
8%
1,032
l'/a
1,300
la
International Tel & Tel Corp
York
112
7'/a
„
4%
13%
*
1
—5
1
——1
Graham-Paige Motors Corp
International
9
7%
_
-1
_
Com
St.
Co
Corp
F)
(B
Mar
48%
—
Curtiss-Wright Corp
Electric
100
41/a
"4'/2
(Del)—
Co
General
Jan
a48%
Co——
Corp.
Commonwealth & Southern Corp
Continental Motors Corp
Oil
92
705 Olive St.. ST.
Commercial Solvents Corp—
Continental
173/4
•a.
Elec
&
Gas
Columbia
18
18
—5
—
Tractor
Caterpillar
July
266
lVa
>
33 V4 May
5
13
5
vtc
Co
Borg-Warner Corp
16
96
■
Reymer & Bros
Ruud Manufacturing
Apr
27
53/a
a565/8
Oil
July
95%
Jun
58%
27
5 S/8
Barnsdall
Jun
Jun
2Va
16
413/4 May
313/4 Jan
41% May
140
a58%
Baldwin Locomotive Works
11%
Jan
411/4
28
-5
(111)-
Co
6'A
323
11 J/4
411/4
28
28
13% July
Jan
100
——
Bolt
Jan
1%
1,090
17 Va May
8V4
1,165
2%
Jan
16
Si
Topeka & Santa Fe Ry__100
Atlantic Refining Co. (The)—
25
Aviation Corp
(The)
(Del)
3
&
Oil
Apr
13%
2%
'
16
Si
Vanadium
*
*
—50
Atchison,
Ohio
6V2C
16
13 Vs
Westinghouse Air Brake
& Std Sani Corp
Amer Rad
New
Feb
2c
1,000
Stocks—
Anaconda
Goodrich
4c
15
16
8%
10
—
Pittsburgh Forgings
_
Pittsburgh Plate Glass..
&
Jun
2
50
4%
4%
.
■
«
Screw
Jun
5%
690
Jan
10
-
Pittsburgh Brewing common-
Pitts
Jun
17%
125
..
Fuel Supply
Mountain
11%
Jan
175
17%
16
100
Gas
Star
Jan
10%
95%
common
Koppers Co preferred
Jun
6
10
10%
2%
1
Si
Home
3 l'/a
150
13%
5
Brewing
Pitt
Jan
3 l'/a
10%
•
Brewing
Duquesne
High
Low
18%
30%
-
*
Byers
Range Since January 1
Shares
High
17%
mti
.
*
Co
Shamrock Oil & Gas
Black Mammoth Cons Mng
Armour
Jun
Mar
Stocks—
Mining
Amer
8 3/8
3 V2
—-.
Apr
of Prices
Low
Par
Preferred
25
10
Van de Kamp's H D Bakers, Inc__—*
Yosemite Portland Cement pfd
10
of California
Universal Consolidated Oil
Oil
Union
Jun
Sales
Range
Sale Price
8TOCKS—
Lone
Transamerica
July
2 J/2
official sales lists
compiled from
inclusive,
both
2
Friday
Fort
Southern
9 J/2
Pittsburgh Slock Exchange
June
Jun
100
43%
7J/4
*
Drug Stores—
Southern California Edison Co.
Sontag
Jun
July
1%
32 Va
*
,
2
29 Va
*
—
Feb
757
750
1%
%
1%
2
5,081
3/4
%
25
Westmoreland Inc
Jun
65
3 J/a
1
Apr
42 J/4
54%
1
1
Improvement common
May
42
35
———
Co
8
*
Corp common
Blaw-Knox
Solar
May
30 "/a Mar
42'A
5% Mar
Jan
11
/.
,
.
335/a
543/8
42 V4
25
Mar
42
Int.
Signal Oil & Gas Co class A—
Mar
118
30 J/4 May
24%
•
Jun
Jan
25c
35
a43Va
a433/8
Inc..
Units of Ben
Stores,
Co
Security
Apr
19'A July
Jun
25%
158
32%
Last
Safeway
Jun
32 '/a
294
„—
Jun
Jan
7%
501
•
6V2
2.10
600
60c
1
Co
.
—
—
Ryan Aeronautical
73/a
4% Mar
Apr
117%
9 J/4 May
8'/a May
Apr
<*
__
3 6 J/2 May
Jun
14%
Jun
3,516
29%
—
United Gas
Jun
/ 55%
'■.
33'/a
Sun Oil
$3 preferred
41 J/a
Jan
.——50
50
1
_♦
Reading RR common—;
1st preferred ——
2nd preferred
Salt Dome Oil Corp
:
Preferred
Jan
44
6%
6Va
6%
16%. Jan
33%
24
Ex-distribution
al4%
4V»
7J/4
Transit Invest Corp common
17'/a
23'/a
7Va
—100
pfd.r—25
3
preferred
Feb
34'/a
6
4.4 'io
Jun
97J/2C
414
9
"•
*
i_
w
com
40c
28'/a
*
new
Philadelphia Elec. Power 8%
Philco Corporation
United
30c
Co
113/4
Jan
244
1.60
8%
«
Superior Oil Corp
Tonopah Mining
1,092
21
1.50
1.50
6% Jan
675
11 J/a
30c
Jan
14c
55%
502
744
41 Vs
8%
195
34%
50;
Scott Paper common
2,600
30c
20%
21
1
Republic Petroleum Co common
Oil Corp common
Richfield
Warrants
12
Jan
133/4
33%
preference common w-i_
$1
New
7 J/2 May
...1.
:
May
Jan
Jan
Phil Electric
85 J/a July
Jan
*
_
Apr
Jan
1%
55
& Light
_
July
May
67 Vs
40%
..50
Jan
945
34%
':'v.
6%
145
55 Vs
Navigation—
Corp
20
»T0 J/2
6%
40%
Pennsylvania RR
5%
Hi/4
25
25
•
10
common
Oil Corp
Western
11% July
44%
30c
1
preferred
1st
6%
Pacific
Pacific
Jan
300
34c
1
Co
& Electric
Pacific Gas
;'V 7 J/4'
•••
Pennroad
'
.
85 Vs
«
__i
Power
National
Feb
364
80c
11'/a
1
-10c
1
Corp
Petroleum
Merchants
447
39
30c
10c
Mfg Co—
Menasco
Jun
39%
„
Co
Aircraft
Jan
6%
63
22 »/4
10
■
Jan
3
>
193/4 May
Jun
33
Feb
6'/a
-.10
Battery
Coal &
Lehigh
9%
84
6Vs
:
—
Motors
12 Va
120
8V»
8 Va
85 Vs
'
preferred
Storage
Jan
17 Va Mar
9%
«
Lehigh Valley RR-
-
Lincoln Petroleum Co
Lockheed
22 Va
Jan
Feb
10 3/4
133/4
133/4
Feb
3%
555/8
10 J/4
a55
39
Corp—
Petroleum
Intercoast
IP/4
Prior
11%
—5
156%
'
common
General
120
170
18 Va
33
8V4
•
—
Co
Jan
22 V4
_
Electric
10 Va May
63
70
Pub
127%
22 %
4>
*
Mar
Jan*
19%
5,581
—
74
»
High
153/8 May
Jun
ll'/4 Mar
110
368
28%
common—
Chrysler Corp
Curtis
10% May
Jan
6Ve
640
3/s
6 J/s
68Vs
113/8
103/4
A.
Development Co
Holly
-4
5
Corp
common
20
Jan
8
68%
920
10
5%
113/s
common——10
McBean & Co—
*
Tire & Rubber Co
-*
Gladding
167
G)
(E
January 1
;
Low
Va
17%
18
22V4
.10
_
Range S
14%
154 V* 155
preferred— —50
Corp
Corp
Mfg Co
Budd Wheel Co
Jun
28 Va
2% Mar
190
Budd
Jun
243A May
Jan
Security
Barber Asphalt
Shares
High
141/4
.
154%
13
Locomotive Works vtc
Bankers
2.00 Mar
2.05
16&
125
103/8
201/4
Corp
Motors
General
28 J/a
85 J/8
a66%
& Equipment Co
Derrick
Emsco
100
6 J/a
Co——
Products
Electrical
22%
28'/a
20 %
America-
Douglas Aircraft
4,690
9%
Preferred
of
2.05
a 83%
I
•'
J/8
Jan
Jan
75c
I100
Tel
&
Baldwin
Jun
% May
1.35
1.70
Consolidated Steel Corp..
Creameries
261
10%
•
—
a 85
5
ft Peb
Tel
American
for Week
of Prices
Low
V.'
—•
American Stores
4% May
Jan
3%
110
22%
common--—*
1
Corp
Packing
California
1.95
Co—.—;Lw—
Byron Jackson
Cessna
1.80
L85
900
1.85
%
2
—
4%
%
4'/2
1
Corp
Diamond
4>/a
—1
Co—
Furn
Gay
33/4
1
Inc
Accessories,
Bandinl
Range
Par
Feb
1 80
2,192
Sales
Week's
Sale Price
STOCKS—
>
High
Low
3%
3Va
1
Range Since January
High
Low
Friday
Last
Shares
of Prices
Sale Price
from official sales lists
both inclusive, compiled
July 2
for Week
Range
Par
Aircraft
to
Sales
Week's
Friday
STOCKS—
26
June
compiled from official sales lists
JuJy 2 both inclusive,
to
Philadelphia Slock Exchange
Angeles Stock Exchange
Los
26
June
8%
441/4
8%
305
2'/a
Jan
38% May
8%
Jun
Wagner
Electric common
Bonds—
St
Louis
Car
6s
extended—
1945
91
$2,000
85
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4191
158
CANADIAN MARKETS
—
Listed and Unlisted
Monlreal Curb Market
Montreal Slock Exchange
;'.;-:;;';:'-^;:>;Canadian Funds
Canadian
;>>•••■?
June
June
to July
£6
both
2
Range
of Prices
Sale Price
13
Agnew-Surpass Shoe common—
Algoma Steel common
Aluminum Co
.Asbestos
for Week
STOCKS—
Shares
Low
13
25
High
14
11% Jah
Feb
Abltibl
Power
6%
lc/c
50
105%
Jan
133
101%
:—5
Feb
llttVa
101% 101 %
550
100%
Feb
103%
Feb
Bathurst
21% Jan
25%
Jan
Beauharnois
25
24%
450
25;
Jun
Aluminium
British
Bathurst
Bell
Power
& Paper
Telephone
Brazilian
T
Co of
&
L
B
'jBruck
24%
24%
3%
.
27%
Silk
y
Building Products class A_
•
14 %
14%
.
12% Mar
83
20
-3%
141
6,767
26%
26 %
Power Class A
—
515
13
151'/a
149
151
10
P__
toritisn Columbia
class
12%
class A—
Canada
20
y
14%
-•
1
14%
23%
2
.
30
154
13
Power
28 %
Jun
Canada
Jun
Canada
5% May
9
Jun
15% Jan
Mar
Cement
Preferred
:
10
-
Canada Forgings Class A
Canada
Nona.
Canada
Steamship
5%
Power
——
23%
23%
8
105
237/a
600
4%
Jan
8%
Jun
130
92
Jan
105
Jun
135
20
Feb
24
Jun
10 %
430
5%
Apr
■
5
12/2
13
340
9
Jan
1474 May
L 'L"
35
35
105
31%
Jan
38
75
1.45
Jan
9%
3%
3%
common
Canadian
common———
Canners
Canadian Car &
7 %
Ltd
participating
Canadian
&
Brew
3%
May
3% May
13
•
13
395
32
12
100
Jan
Jun
,
34
Apr
Marconi
Canadian
Class
Industrial
B
—
Canadian
4
_
.100
13
'
Apr
C'hateau-Gai
b92
27
Jan
37
Jun
Commercial
85
133,
Feb
139
Jan
Preferred
137%
Jan
10% Apr
30%
Celtic Knitting
29%
29%
17%
Jan
33
-
5
5Va
3%
Jan
5%
Jun
Dominion
5
5
3%
Jan
5%
Jun
Dominion
24
24
Jun
Dominion
Locomotive
Cockshutt
25
12
Distillers
Seagrams
Dominion
Jan
«<————_*
preferred
coai
Steel
<u
coai
25
s
.
Dominion Glass common
Dominion
27%
——100
a
20
Dominion StoresxLtd-^ii————
Dominion Tar & - Chemical common—.*
Preferred
Dominion
.100
Textile
common
*
Preferred
_10Q
Dryden Paper
•
Eastern Dairies
Enamel
&
26
Products
English Electric class
x 5class
"is"
Feb
Jan
"A"
tluU
4o Va
28
27% Mar
34
26
Jan
2J
29%
2t7/e
Jan
14%
11%
14%
120
125
Jan
Jan
Apr
28% Mar
34
Jun
3v% Apr
16% Jun
125
Apr
9%
8%
Jan
10%
Jun
10
10%
5%
Jan
10%
5%
Power
8
8%
Mar
8%
Jun
Apr
100 %
6
96
100% 101%
77%
155
8%
78
76%
153
155
8%
5%
Jan
Mar
preferred
General
75c
Jan
3
Jan
4
10%
23%
23%
4
j.
1.45
90c
5%
23%
«.
155
8%
90c
*
Gurd
100
—
Wares
Steel
*
common
Preferred
_100
.—.
(Charles)
Jun
4
Jan
7%
Jan
7
28
5'A
Jun
w
Donnacona
East
Jun
Apr
Jun
Mar
Bridge
tO
12%
107
10%
79
Jan
8
Jan
94
93
Jan
13%
107
10% Jun
92
Jun.
13% Jun
108
May
7
7%
4%
Jan
7%
;
7
fa;;:
Jan
7%
Jun
•
—
5
*
common..
Preferred
Hudson
100
7%
9.95
15%
7%
4%
9.95
8.su
12
15%
103'% 103%
Jan
8
Jun
Jan
11
Aur
Jan
15% Jun
98%
Jan
105
Jun
i
Feb
32
3'%
3%
37%
161
.60
Eastern Dairies Ltd.
Pairchild
Ford
pfd—100
Aircraft Limited
Fanny Farmer
Fleet
cum.
7%
—
Jan
1.15 Jun
2
Jan
10 %
Jun
3%
Jan
7%
105
25 %
Jan
77
Apr
Apr
100
39%
Jan
45
Feb
61
Motor
of
•
Canada
LtjJ A
•
Fraser Companies Ltd
•
common
Trust
International
Class
*
Utilities Corp
"A"
B
5%
*
Paper & Power
*
Maple Leaf Milling "A"
preferred
*
Massey-Harris Co Ltd 5% pfd
—1.00
Melchers
Distilleries
Limited
Mitchell,
Robert
Ltd
Moore
Co
pfd
14%
12
Jan
15'/a
Jun
11%
10% Mar
12'/2
Jan
20
13
Jan
20
Jun
2% Mar
3]/4
Jun
100
6
Feb /
6%
Apr
4,176
3
Jan
5%
27%
535
24%
2% Mar
Jan
2%
100
1.55
7%
205
3
Jan
9%
Jan
13%
5%
50
6%
13
1,230
13
28
—
28
.
12
5
14
12%
25
475
3%
Jan
23
145
19>/2
Jan
18
125
12%
12%
Jan
3%
50c
170
15c
Jan
205
10
Jun
/
Jun
'
Jun
23%
Jun
15%
77
11
1,505
14%
7
275
18
18
145
5% Feb
16% Jan
47%
47%
140
Jun
75c
Jan
19
Jun
12
■
Jun
18%
Jan
19%
15%
19%
6%
18%
,
Jan
15%
6%
•
800
15
Jun
30'/4
30%
9
.*
16%
Jun
7
$ Jun
20
45 Va Mar
Apr
20
Jun
'
47% May
L &
Part
Sarnia
6%
pfd
100
preferred
*
Thrift Stores Ltd common
1st
Walkerville Brewery
25
—;
Limited—
——*
Walker-Gooderham & Worts Ltd. com.*
$i preferred
——
*
.
Jun
96
10
87
12
40
^
Mc-v
16
.rl
16
75
5% Mar
25
10
8
25
Apr
96
Jun
44
Jun
Mar
7%
2V4
25
1.55
Apr
17
1.55
Jan
Jan
'■
108
Jan
44
7%
—*
preferred
104 Va
44
*
Ltd. A
Co.,
3
96
;■
—50
—:
Co__
Transport
Bridge
104% 104%
100
1st pfd
of Can 6%
2nd
Provincial
P
:
7%
17
8%
'*'25'
Jun
Jun
x
Jun;
Jun
1.25
Jan
56
56
47%
Jan
56%
Jun
21%
21%
19%
Jan
21%
Jun
78c
Jan
2
May
14%
11%
20
Mines—
.—1
Ltd
Imperial
Oil
Imperial
Tobacco
of
Can
common
Indust Accp Corp
International
—*
13
13
10
Feb
13
Jun
25
22%
23
18%
Feo
23
Feb
of Canada cora.i*
36%
37
Bronze
*
Preferred
international Nickel
33
Jan
15
13%
13%
11%
Feb
13%
Jun
*
19%
21
17
Jan
20%
Jun
15
15
6
Jan
15
Jun
107% 108
98
Jan
110
Jan
common-
19
Jan
(John
14
International
Paper common—.;
international
Petroleum
International
Power
of
Ltd
Sons
Secord
Laura
A)
9%
canay
Massey-Harris
Mont
9%
.
McColl-Frontenac
Montreal
*
100
—.
.
the Woods
&
Lang
Ltd
Co
common——
preferred
Lake
5
8
Oil
Cottons
Jun
Jun
6%
Jan
9%
8%
Cartier-Malartic
Jun
Light Heat & Power Cons.
Gold
Francoeur
Steel
Gold
Power
Price
common
Gold
Perron
Preston
Jun
Sherritt-Gordon
Siscoe
48%
24%
Co
Ltd
Knitting
preferred
16
81
15%
Quebec Power
Regent
10
15%
81
common
———
East
Dome
Cons
Lawrence
Class
Corp
230
.
22%
Apr
Jan
6
Jan
10%
Sher
Williams
Preferred-Simon
H
dan
17%
82
Steel
Co
Canada
of
Dalhousie
Oil
Jun
City
Canadian
3
3%
14%
41%
44%
Jun
19% Jun
United
Friday.
Last
STOCKS
Sale Price
Par
common-
10
10
10
Jun
6 %
Power.
10%
11
11% Jun
Acme
67
67
72
Apr
Agnew-Surpass
76
Apr
5%
Corp.
&
Power
&
Oil..
Copper
Steel
Aluminum
52
Ltd
18%
6%
common.
Preferred
Zellers
Ltd
Week's
Range
,
of Prices
Sales
for Week
Shares
Range Si
Jannary 1
Corp
1.65
1,010
70c
Jan
1.80
14 V2
1,445
5
Jan
15%
10c
6,000
6c
Jan
14c
13
common..—
High
9%c
—
Shoe
.
13%
100
preferred
Gas
Exchange
Funds
Low
Paper common..
*
common
Preferred
5%
common.
Electric
34,500
13
20
1.38
6,400
18c
7,600
10
50
Low
13
July
13 %c
Jan
9c
Jan
High
14
1.40
Jun
Jun
Feb
Mar
Jun
20c
Feb
10
Jun
85%
Jun
9% May
Cotton
Winnipeg
3.45
1.45
Ajax Oil & Gas Co.——
"74%
Abitibi
53%
18%
6%
56
15%
common.
56
15%
47
177/e
2.78
May
Jan
Jan
21
Jan
13
Jan
58
Jun
19% Mar
7%
58
Aquarius
Canada
5%
pfd..100
Gold
85
85
8% Mar
101%
25
81
115
*
common.—
of
117
100
106
100%
102
345
100 V2
May
-
Jan
133 % Mar
Jun
102%
Feb
—•
66c
66c
69C
6,400
47c
Jan
84 %c
Jun
*
55c
45c
55c
9,600
20c
Feb
55c
Jun
45C
40c
45c
10,000
4uc
Apr
25
28
20,800
22
Jun
5c
9%c
155,500
2%c
Jan
12 %c
2.35
Porcupine Gold Mines
Armistice
10
-100
Ltd
Co.
Anglo Canadian
Wilsils
Jan
1,100
1.20
Jun
Jun
Aluminium
Wabasso
68c
35c
16 %c
16
common
Steel
700
July £ both inclusive, compiled from official sales lists
124
74%
Biscuit
to
Jun
18%
26
Jun
14
Algoma
Viau
71c
Toronto Stock
Aldermac
Twin
Jan
3.30
Ltd
Co
16
Preferred
Jan
38c
35c
Oil Company Ltd.
124
common.
Jan
66 %c
550
71c
Ltd
16
Canada
1.80
100
42c
Jun
16'
15%
18
—.
200
95
Jun
Jan
40%
common
—.
Jun
Oils—
124
Can
Sons
&
Southern
of
x—.i—
Jun
75c
Jun
9%
62
2%
St. Lawrence Paper preferred
Shawlnigan Water & Power
6%c
25% Feb
13%
common
.
41c
—
25
preferred
A
2.10
63 %c May
95
Ltd
Ltd
Ltd
Mines
32,500
300
75c
2.10
7,120
200
7%C
75c
Mines
Mines
Mines
June
St
77c
Jun
45%
77c
Ltd
Minps Ltd
Jun
Gold
1.85
97c
7c
Jun
9%
Corp of Canada.
Bros &
5% preferred
Mines
3.05
92c
Ltd
Corp
Nickel
Ontario
Home
Ogilvie Flour Mills
Mining
72
24%
Noranda Mines Ltd
25c
1.80
27%
Jun
24%
95c
25c
3.05
Feb
61%
24%
95c
Ltd.
Ltd
Jan
33%
1%C
4%c
Goldfields
68%
33%
l%c
3%c
Mines
24'%
61%
47c
Ltd__1.00
Ltd
Mines
31c
2%C
Ltd.—1.00
Mines
Malartic
72
33%
Corp...
47c
Macassa
26
59%
common.
Car
2%c
*
——
Mines
Gold
72
45
Breweries
National
30 %c
1
Ltd
Gold Mines
Dome Mines Ltd
Eldorado
Sullivan
National
1
Mines Ltd—
Mines
Gold
Cadillac
Central
O'Brien
15
11
Gold
Canadian Malartic Gold Mines Ltd
Normetal
Jan
Jan
Eouscadillac
Jun
Jan
5%
8
26 %
Bidgood Kirk Gold
25%
—100
common—
9%
39% Mar
2.58
35,400
1.35
Jan
2.58
Jun
14c 16 %C
33.975
18 %c
Jun
————-
53c
Apr
Jun
Jun
15% Jun
Arjon Gold Mines..
Astoria Quebec Mines...
Aunor
Gold
Mines
Ltd.
31
Jun
Jun
Banks—
Bagamac
Montreal
Nova
of)
—
Royal Bank of Canada
For
footnotes
Consolidated
137
138%
Jun
Bankfield
159
159
J-0
Mar
Bank
of
Montreal
253
254% May
Bank
of
Toronto———
137
(Bank
Scotia
1
Mines
253
Commerce
see
140
page
79.
140
141
Apr
;
18% May
•'a---"".!':'!?/
Power Corp
Barkers
Bread
Mines.
preferred
16 %C
1
7%C
6%c
87/bC
Jan
246
4c
May
8c
Jun
8c
47,000
158%
:
f
/V 6%
■
Jan
12%
20c
.
24%
»
Jan
205
12
47%
4%
21»/8 Mar
18
15
Jun
May
Jan
18
—
6%
35
5%
2%
18
-
Jun
Jan
23
U-
Jun
Jun
24%
,
Jun
7%
14
24%
5%
.
2%
Feb
4%
35
Jun
May
14
3% Mar
20
4%
5%
22%
28
Feb
7%
•
*
200
625
5%
13%
—
1.60 July
•;::'4-:-' Jun
2%
2%
7%
10
Ltd
Corporation
1.50 Mar
4
27%
Ml®
70
•
6%
,
5%
,
—1
,
Lake St John
1.60
2 %
6%
1
Ltd—
50c
50
4
'
2%
5.00
Candy Shops
Aircraft
73
•
3% May
:
200
44
*
pfd—100
Jan
.70
Mar
9%
1.60
*
cum
85c
Jun
169
Jan
2,500
Apr
19
6%
61
,.20
Paper Co Ltd
148
,
3 % May
39%
•
6%
1.60
*
—
•
Jan
Jan
15% Mar
9%
*
Ltd—*
52
2%
.60
27%
50
161
2%
1.45
:
51
18%
159
—
25
37%
18
Jun
Mar
*
Mining
Bay
Jun
Jun
6%
Howard
Paper
Jan
95
61
Feb
*
Hollinger Gold Mines—.
Smith
Co
___
Kootenay Power 1%
6%%
Hamilton
Ltd...
Corp
—
July
•
common
Gypsum, Lime & Aiaoastme
39%
—
*
Linol
&
Square
Voting
Feb
5%
*
common
26%
Jan
Jun
*
common
Woollens
Nova Scotia
Gatineau
1
Jun
9%
•
*
Jan
90%
13% Jun
%
♦
33%
125
12% May
9%
3
*
....
Heating
7%
12%
44
•
common
Bridge
Dominion
11%
12%
43%
*
Glass
Consumers
11%
b
—1*
now
17%
36%
15
5.00
Oilcloth
Preferred
Consolidated Mining- & Smelting
520
*
.
Corp
Jun
Jun
J0Q
May
A__*
Canadian Pacific Railway
Ltd
Wines Ltd
Paper
Jun
22%
20
20%
*
Alcohols Ltd
Jan
17% Mar
95
100
Co
;
Jun
39%
*
i.
Ltd
Co
17%
380
1,601
<
3% Jun
11%
19%
*
common
Westinghouse
37
135
7% Jan
27%
120
,
Jan
90%
July
795
265
95/e
39%
Paper Inv common..*
oreierred..
9%
*
class
B
cumulative preferred
—*
Alcohol
-
class
Co.—-——-.
Canadian Vickers Ltd
Jan
2% Feb
95
»
—
Ltd
116
39%
100
—
Canadian
Canadian
10
19%
*
pfd—100
*
Consolidated
Canadian Converters
Sugar Co
Industries
29%
36
36%
137%
32%
Jun i;
129
19
Canadian
&
33
21%
19
*
3%
29%
100
common
preferred 7%
21
19
common.
Power
Feb
32
21%
—■*
cum
Jun
12%
10%
*
Dredge & Dock Co Ltd
Wh
Jun
15%
3,3
10%
*
Canadian
Candn
1.80
Jan
155
Ltd
Dominion
29%
k'UU
common
preferred ..—25
Celanese
32%
13
pfd
conv
Foundry
32%
—.
Co
Malting Co Ltd
Candian
7%
Canadian Bronze
Oil
High
Jan
5%
119% 119%
10V4 Jun
12%
10
Corp—;
common
Breweries
105
105
.
preferred
Canadian
7%
7%
common
3
65c
1,064
33
Packers Ltd
Canada; Northern Power 7%
Preferred
Canada
—
_*
Range Since January l
:2,500
14%
—32
*
Ltd
Corp
.
lists
Low
1.60
13%
__100
Paper class B
American
27
'
preferred
&
Power
British Columbia
Jan
Jan
-100
6%
Shares
High
1.55
Jun
Jan
Jan
5%
76
15% Feb
Jan
1.50
sales
for Week
of Prices
.100
Ltd
official
Sales
Range
Low
♦
preferred
8%
115
Mar
Paper common
preferred
150
10%
&
from
Week's
Par
.10%
—'
—
Funds
compiled
Sale Price
Range Since January 1
10
of Canada pfd
both inclusive,
2
Friday
115
Corp—
July
Last
High
Low
common!
to
Sales
Week's
Last
Aluminium Ltd
26
inclusive, compiled from official sales lists
Friday j
8TOCKS—
77
159
18
150
Feb
161
246
246
2
234
Feb
250
Feb
28
28
25
21
Feb
29
Jun
Jun
/
THE
Listed and Unlisted
CANADIAN MARKETS
Last
Range
,
of Prices
Sale Price
Par
10c
Beatty Bros class A
Bell Telephone of Canada
Gold
Bobio
25
38c
1.16
28,600
10c
Jan
50,175
70c
Apr
1.01
Ltd
-*
25
Mines,
Brazilian
-•
B
Lines
common-
Canners
Jun
Leitch
20
Jun
Little Long Lac
48
Jun
Loblaw
Mar
62c
Apr
4%c Jan
13c
400
13
Mar
11%
255
9
¥2 Feb
3.40
2,334
1.57
Jan
3
Feb
4%
Jan
24
20
Apr
43
40
26
Jun
43
36 ¥4
Feb
40
Jun
Jan
150
Jun
124
20
66
Jan
138
'20
129
Jan
735
84
134%
3%
36%
30
0
20
*
9%
465
21%
22
310
12%
13%
1,320
9%
Co
Power
Goldale Mines Ltd——
Mining—
Gold Eagle Mines
Gate
—...
Mining
Jan
19
Jan
10 ¥4
Jan
39
Preferred
vtc
Preferred
preferred
West
Great
Grull
...
Wihksne Gold Mines...
Mines Ltd-:
Gold
Gunnar
Gypsum
Swayze
31
Jun
105
10
Jan
26
5
112
Jan
128
May
12% May
19%
Ontario
22,400
1,022
14,600
12%
12%
50
Jun
Ontario
Orange
Crush
Jun
Pacalta
90c
47c
May
Jan
1.40
Apr
2.65
Jan
Jan
1.12
Jun
85c
Jan
37 ¥2
Jan
1.05
1,000
44
975
130
11
123
38%
38%
25
33
80c
80c
100
50c
17 %c
15c
19c
12,100
10c
Jan
34%
33%
13%
45 ¥2 Mar
Jan
3 8 ¥2
1.05
50c
Feb
25%
Jan
99% Mar
24%
305
18%
32
Jan
24 ¥a
165
164%
165
142%
Jan
9%
9%
75
8%
Feb
25 ¥4
971
20%
Jan
8% Mar
9 ¥2
9%
135
10
10 ¥4
315
5%
Jan
101
101
5
90%
Jan
Hard
Rock
25V2
Home
Hunts
Class
10%
Jun
Roche
10 ¥2
Jun
Royalite
8V2
77/a
Jun
13%
13 ¥2
100
8%
Jan
14%
Jun
6%c
6%c
7%c
3,500
14c
12¥aC
14c
53,200
17,000
15
15
1,900
4.50
4.70
1,835
24%
4¥bC
4¥aC
22%
23
23 ¥2
25c
625
25
28c
10
10c
4%c Jan
17c
Feb
1.09
Jan
Apr
1.20
Jan
4.80
3.10
21
Mar
Jan
2 Vac
Jan
19%
150
May
8
Mar
30
77
Jan
97
30
85
May
13
'
'
13%
500
8
Feb
4c
4c
2c
2%c
2C
;
.
20c
10,700
700
14c
2,500
:
■
12c
Jan
lc
1,500
ll¥2c 11¥2c
18¥2c
3c
14,000
18c
~4c
1
Jun
1.45
16
12
80c
96%
—
—
page
90c
Jun
May
80c
9,800
60c
65c
2,300
38c
Jan
72c
29c
10,710
8V2C
Jan
29c
72c
7 Vac
5
4
4
100
4T'«C
5c
20,100
88c
95c
7%
•
05c
7¥a
7%
3 Vac
24c
.—
—
—
-*
,-rl
Feb
Jan
"Jun
57c
Jan
95c
4%
Jan
May
May
Jan
Jun
25
Jun
5%c
Jun
,
27c
136,525
77
2,200
1.57
1.65
7,295
2.05
2.05
725
74
1.28 May
1.90
Feb
Jan
2.15
Jun
1.25
101
101
75c
83
4,850
2,000
90c
92c
2,825
2.08
2.17
26,685
1.72 Jan
21c
53c
21c
58c
500
4,110
20c Mar
31c Jan
3c
24%
3Vic
25
2,000
35
2c May
22 ' Jan
3 kC Apr
132 % May
21 ¥a Jan
—
55c
-1
—1
—
,
:
17,500
24c
5,900
18
18 ¥2
92
98C
98c
98c
100
85c
Jan
1.05 Mar
50c
1
67c
Jan
1.03
Jan
6.90
1
Silverwoods Dairies preferred——*
Simpsons Ltd class A—
-.
—-*
Mines
Jun
Class
32c
Feb
July
B
—
—
:
Gold' Mines—
Siscoe
93%
Jun
Sladen
Jun
Slave
13%
4c
May
4%c
Jun
South
Mines
Mines
Malartic
Lake Gold
Co
Petroleum
End
Steel Co of Canada common——
Mai-
19c
Feb
Feb
/■
/
Preferred
85
86
15
62
Jan
86
Jun
55%
55 ¥2
30
51%
Jan
55 %
Jun
Sylvanite Gold
4%
164
Feb
IV/2C Jun
Jun
5
21%
Jun
4%
Jun
20
20 ¥2
4
4%
18%
32 ¥2
32 ¥2
32 ¥2
3%c
3%c
1,000
2 Vac
Jan
7%c Mar
13c 14¥2c
6,600
11 %c
Jan
17c
5
Jan
7%
Jun
3c
Apr
7c
Jun
16 ¥2 May
21
Jun
Jan
35
May
231
6%
67/B
4%c
1,400
5%c
34,300
.
Feb
.
4c
Class B
7,500
Jan
2c
Apr
3%c
Feb
500
17c
Jun
25c
Jun
14
22c
3,750
29%
30 ¥4
580
12%
17¥2c Jan
22 %c
Jun
Waite-Amuletr Mines.
Ltd.—
-*
Jan
12%
Jun
175%
Jun
Western
Jan
15%
Jun
11%
365
Mar
12%
Feb
Western
30c
32c
5,500
35c
Feb
Westons
16
16%
20
36%
3 7 ¥4
890
19%
21
10%
Jan
16%
Jan
99
12%
15
40c
50c
950
Jan
39%
17
Jan
21
6
Mar
33
3,469
12 ¥2
16% Mar
90
295
95
V
20c
May
Jan
45C
Jan
Jun
Mar
Apr
July
12% July
60c
3%c
Jan
3%c
Jan
8c
Jun
1.10
Jan
3
Jun
4,000
2%
200
5
385
67
702
75
35
2.28
18,995
3%
500
2.05
1,365
Jun
Walker-Gooderham
&
Worts com
Flour
Canada
common
Preferred
preferred--
Grocers
Ltd1
common
Preferred
—
——-i
•
Wiltsey-Coghlan
Mines..—;
Winnipeg Electric common
Preferred
_—-—
—«
—100
—100
—*
—100
—1
0
.—100
preferred—100
Wright-Hargreaves Mines
—
*
(Alex
5
Jun
59%
Jan
73
Apr
66
Jan
76% Apr
4% May
1.51
3
1.46
65c
Jan
Mar
Jan
Jan
2.40
4%
Jun
Feb
2.10 Mar
Apr
82c
68c
200
2,150
12%
2.95
2,070
Jan
3.20
1.92
120
90c
Jan
1.94 May
6
Mar
9% July
61c
Jan
75c
23%
Jan
30
68
Jan
86
9%
70c
27%
1,100
id
85
35
1.38
Jan
10%
100
Jan
1.95
1.95
Jun
12% May
Apr
Jun
.
'
Mar
Feb
66%
Apr
80
Jun
35c
Apr
74c
Jun
6
Jan
80
5
65c
10,050
8%
1,593
33%
67
32%
Jan
37
Feb
Jan
5
Jun
Jan
6
Apr
8%
Jun
5
35
3%
100
4Vo
6,700
4,121
4.40
Jan
84,600
9%c
Jan
29c
Jun
Mar
36c
Feb
1.37
6.25
22%c25%C
23c
23c
and James)
600
95C
20c
567/a May
j
Jan
21 ¥2
Jun
:h
Jan
24c
Mar
8
Jun
47
21%
19
21c
22c
19c
Jan
6
86
40
Jan
91
120
120
117
Feb
120
15
12
Feb
15
14%
101
Jan
101
101
94
2%c
2%C
84
Jun
Jan
4.60
56%
21
.
1.45
6.25 May
3.40 Jan
4.50
6
Jan
4.95 Mar
55%
■
Wood
1 %c Mar
1.83
5.90
23c
x—
Jan
95
29c
43,7000
2c
5%
1.45
25c
Oils j—t:
7
-y
12,200
41c
8c
6.00
157
Mar
Apr
1.42
Ltd
13
26c
45 %c
5
125
Co
Jun
Mar
86%
33
5,830
10
102%
39c
7%
174
11%
Jan
4,454
80
14%
Jan
21
42c
61c
174
7%
32% Mar
Jun
102
40c
70c
*
Preferred ————-*
Wendigo Gold Mines Ltd..
4
Jan
3%
101%
9%
Jun
267/a
12
—-—
3.70
90
12%
58c
Jan
2.65
Jan
27%
A—
Vulcan
4,585
501
1.92
Canada—.
Jun
3.45
12
...
Apr
Jan
11 VB
Jun
2.85
class A—.
16
8.50
Jun
85
11%
Mar
390
1,400
20
—
Upper Canada Mines
Ventures, Ltd;
Vermilata Oils
10%
Feb
5%
United Steel
2,000
14%
10
—
25c
9.95
240
12
Jun
51c
14%
20
68c
Transcontinental Resources
3%c
Mar
Jun
18
5.15
1.75
Toronto Elevator common..
3¥2c
40c
8%
9
3%
Tip Top Tailors common—
Mortgage
Apr
Mar
—...
Traders Finance
Jun
19 %
8
1.97
Tamblyn Ltd common
Teck-Hughes Gold Mines
Texas Canadian Oil
Toronto
16% Mar
Apr
May
31c
20
2.16
-1
1
Mines. Ltd
Toburn Gold Mines.
Mar
Feb
9%c Jun
450
75
*
18c
Feb
6,665
4%
—100
Jan
2'/bC
6c
3
3.25
8%
Jun
19
2 6 ¥2
Jan
95c
2%
*
Mines
Coal ...
Sudbury Basin Mines
Sullivan Cons Mines-——
Feb
Jan
66 %
-25
Steep Rock Iron
3%
1%
1.86
6.90
2c
*
^
Sterling
14%
30
4,487
25% Api
92c
38c
—-W-*
Standard Radio
137/bc
May
Jan
6.70
6%c
Materials com—
Standard Paving &
29%c Mar
3
19
1
1
0
—
Apr
lc
:
———12
100
101%
1
Jan
12c
-~
2c
Jun
97
92c
-
—
Preferred
11
-1
1
Sheep Creek Gold Mines——
Sherritt-Gordon Gold Mines——
Sigma
-
2.25 Max
.5c Feb
58c Jun
9,4c Apr
25
Jun
.f0'2
26c
common...
Water
Shawinigan
Jun
92c
Jan
58c
91c
1
May
75c Jun
63
Jun
1014 Jun
101
10014 Apr
52c Apr
50
Jan
5
83c
60
97/aC
Feb
4¥2c
Jan
3c
Feb
25
Feb
Jun
105
Jun
Ltd.ii—1
& Power
1
*
Senator Rouyn,
23%
4 ¥4
13c
4%c
27c
17 ¥2 c May
22c
Jun
7 ¥2 July
Jan
2c
3,500
2.15
.
I'll :;ii
10c
115
Apr
9c
88¥ac
24c
6%c
550
4
99c
400
2¥2c
Apr
4V2c May
7,000
7¥a
July
13
Apr
2 ¥2
Jun
llV4c Jan
6%c May
144,700
13
5c
llVa
79.
Apr
Mar
2.90
8c
3%c
1,100
Jun
1.30
61c
5
Antonio Gold Mines
Jan
Metal common A...
see
1.00
2%
May
...
footnotes
Apr
1.04 Feb
May
2.99
2c
12%
;
Jun
48%
2%
3c
22c
B
1.70
Jan
74c
200
99
Ltd
Sand River Gold Mining——
San
49c
A
Jan
1.05 Jan
2.90
Corp
Lawrence
4% Jun
Utilities class
50c
1,500
May
common
Jun
Feb
40
608
1.30
Jun
61
35c
15,321
97c
27%
Jan
4c
3
Petroleum
May
Jan
38
3¥2c
100
Nickel
9
Jan
6
25%
4c
4¥a
International
May
:
x
4¥a
;
48
99
Anthony Gold Mines——
Union Gas Co of
__
Jan
5,500
154
130
United Fuel class
Develop
Jan
44%
4'Ac
141
24%
1,000
21.
Jun
27c
27
4'Ac
140
24
3,000
'
1.80 Feb
1.22 Jan
Jan
7c
-
4%
—
55 ¥2
Jun
Feb
13
-1
12V2C
500
8%
4¥4c
140
24
5c
1%C
i
Mar
1
100
*
2%c
1 %c
__
;
Jun
24 V4
7¥4c
13
....—_—100
——
Jun
International
For
Oil
2%c
5C
;
Feb
26c
78c
1.85
2.05
Long Lac Gold Mines
5c
v
.
Mines
——
International
Class
St
Jun
18c
•
St
■
Mar
1,900
92%
11
Jan
4c
1,215
11
92%
1,000
Apr
22c
Jun
Jan
95c
56
v99c
;
130
45%
45
95c
1.30
14%
International
Preferred
97c
——-
8
&
1,000
1,000
1
Silk
Riverside
3.55 May
Mining
3.200
1.41
1
Royal Bank of Canada
Jun
101
Jan
12%
Inspiration
1.73
1.62
1.50
C
Gold Mines—
Reno
7%c
Imperial Tobacco ordinary
Feb
40
74 ¥2
Queenston Gold Mines.—
Jan
Oil
4
8¥B
2.000
1
Co.
Jun
Feb
_
18c
41c
1 Bol.
1
Mines
Dome
Jan
Bank
Imperial
East
Preston
4%
B
Imperial
Premier Gold Mining
2.50
Ltd class A
Jan
.«.*
Ltd
Mines
1
125
Bay Mining & Smelting...
11c
*
Ctfs
Corp of Canada—
Power
93/4 Mar
6%
Gold Mines—.
Hudson
3,500
41c
Trust
605
Oil
Howey
3Vic
730
41c
0
Gold———1
Rouyn
7%
Paper—;
l%c May
50
.
_
25'/4
2%
3.30
Dauch
&
3,000
695
Mines
3.00
HolJinger Consolidated Gold Mines.
3%c
61
1
Jun
166
335
Hasaga Mines
Hinde
Jan
220
*
Mines of B
7¥a
——-2-*
Feb
83c
27
Quebec Gold Mining.———
2,790
1.35
Feb
11c
5%c Jan
•
July
47.
47%
0
Apr
8 ¥2
15
102
Jan
190
25%
—.J*
Mines
Gold
25c
Gold
Harker Gold
Jun
900
46 ¥4
common.
Ltd
Carpets
Harding
Jun
8%
8c
8%
1—
—;
3.00
Bridge
19%
89c
47 ¥2
•
preferred
Ltd
Voting
July
July
7%
4%c
Hallnor Mines
9%
Jan
Jan
52%
27
.
Porto Rico Power
Jun
60c
34 ¥a
103
8¥b
93c
Jun V
Jan
6
52
26 ¥4.
_1
:
_
Gold
Pioneer
Feb
23c
7%
1.30
5%C Jun
'89c
■;
59
Ltd..
Pickle-Crow
Jun
200
10%
Jun
Jun
17
2%C Mar
Jun
May
395
24%
.
8%
Paymaster Cons Mines Ltd
Penmans
Jun
34%
2,000
n.
247/aC 24%c
1.70
1
Pantepec Cadillac Gold
Malartic Gold
Jun
130 ¥4
103 103 ¥2
60c.
C
8¥8
80c
Porcupine
Pamour
1.20 Mar
Jan
Oils
Powell
60c
1,000
20
;
Partanen
'
130
175
5c
Apr
Feb
9%
3c
•
_*
_*
Corp Ltd
Page-Hersey Tubes
Jun
Jan
15%
1.51 Mar
8c
52
89c
1
5
-
Steel
Apr
9¥4
.
13c 13¥«c
„
common
Nickel
4¥4
2.15
Jan
15 ¥2
5c
.'.1
Gold Mines—..
1.34
43%
1.00
Feb
Jan
75c
10%
7%
Ltd
2 ¥4 Mar
65c
Jan
8
0
Mines
Gold
Omega
Apr
1.34
4%
45%
Oil
Oils
Feb
1.10
2.09
535
_5
....
Co Ltd—
Halliwell Gold Mines
Hamilton
O'Brien
Okalta
7 ¥2
2.50
,1.65 Apr
__!
preferred
Mining
Star
16%
1.05
1.25
12,615
....
5% Jun
35
24 V4
*
Grocers
Mines
North
Jun
125
1.28
Jan
1.88
3,550
*
National
24%
2.25
70c
1.81
Natl Grocers common
July
10
Jan
11,500
100
& Power..
May
320
10 ¥20
5,400
1.10
8%
Heat
13 ¥2
10
30
Jan
1.80
2
common
Jun
3.40 Apr
1,85 Jun
3.20
9¥s
Canada
11-—.
20%
1.06
.1
Mines
22
5%
20
...
Light
Corp
10
12,800
—
Mines...
Moore
Normetal
1.00
Jan
3.05
,
Mines
Jan
Jun
1.75
15%
Noranda Mines
30c
——*
0
——60
0
1
Alabastine
Lime &
Halcrow
Montreal
Jun
20c
——
-
Common
of
Jun
54c
2.30
Mar
1.00
1.78*;
*
1
Corp
18%
500
Apr
*
Mine?.
Oils
138 ¥2
1,095
18
85c
3.20
Mining
Jan
8,650
0
t c
Gold
Feb
85c
115
•
MineS_i___.i. J
15
Jan
20%
1.85
—
Lake
Red
133
3% Jan
20 ¥e
*
5,062
28C
Apr
22
'
'1.09
i.1
Mercury Mills Ltd
11%
4¥bC
Apr
Jun
—_
Great Lakes Paper com v
Porcupine
55
22
Feb
1,000
17%
1.31
July
16
•Jun
19%
20%
1
Mines
Nipissing Mines
7%
Apr
93c
Jan
67c
367
92%
Jun
18
60¥2C
2,510
22
20
37
■>.
6,700
71c
21 ¥«
102
27%
Jan
83c
70c
22
'
Apr
9¥4
82c
70c
101
15
4%
Goodyear Tire & Rubber of Can corn—0
Preferred
——50
Jun
102
37
1.24
——1
—
Jan
28
6 ¥2
Gold
....—
Negus
4
i
Mining
3%c
*
National Steel Car
85c
.100
—
Jan
5%
Apr
1.12
—
Gold Belt
lc
12c
•
Jan
14%
11%
1
—50c
——1
Jun
262
17%
*
Gillies Lake-Porcupine Gold Mines—1
Glenora Gold Mines——..
-1
God's Lake Mines Ltd
*
11%
1,805
10
Apr
Wares
Steel
Jan
9%
McWatters
3% May
24
—100
—
Feb
9%
8¥B
McLellan Gold
Mar
140
125
0
common
preferred
preferred
9%c
19%
McKenzie
Jun
5
*
*
5Va%
5.30
Jun
9
30%
4.60
class A
Jan
3%C
8 ¥8
Mclntyre
May
30
•
1
1
Canada
3.65
2,500
19 v*
7% Mar
15
Gold Mines.
200
5c
8 Vo
27% Mat
17%
—F——L—
Gold Mines———
1
of
4.95
5c
19 ¥2
225
137 137%
Eastern' Steel
Francoeur
4.90
10 ¥4
20
36%
—
Candy Shops
Federal Kirkland Mining
550
83c
>
360
1
Farmer
May
15
«
A
♦
9%
.
33,400
14%
3,000
1-
Lake
29%
9%
Jun
2%c
Mines*
Red
29
-—-——.
Jan
9c
40c
2%c
-
9%
1
Falconbridge Nickel Mines
Jan
1.35
'
•
Dominion Tar preferred.—
—100
Common
*
Dominion Woollens & Worsteds com..*
Preferred
—20
Duquesne Mining Co
:—1
East Crest' Oil——
————• '
Eastern Malartic Mines
—1
Stores
55c
4,000
2%c
McDoug-Segur, Exploration
Jun
86 ¥2
Steel class B
Feb
4,970
93c
-iw
■»
Preferred
Jun
70
38
24%
70c
63c
McColl Frontenac Oil common——..*
Jun
25
Jan
*
2o
6.50 May
Jan
77c
_
class
—
40
83
Ltd
Preferred
Jun
31%
Steel com
Feb
Jun
12
Jan
4.75
1
__
_
Maralgo Mines Ltd
Massey-narrls common
Jun
50
3%
Dominion Foundries &
16,623
10
195
Preferred
Jun
8%
150
——100
6.50
11%
Malartic. Gold Fields*;.—-..
Maple Leaf Milling common
Jun
6¥4
Jan
2
Ltd—————
6.40
11%'
Gold Mines Ltd—
Groceterias
Macassa
Jun
1.75
35c
92
,
Gold Mines,
Model
Bank
Fabrics
.
Class B
11 ¥2 May
35%
Mines—————————
Dominion
..
Ltd...
Madsen
40
103%
30
11%-
MacLeod-CocKshutt Gold Mines
35
*
12
3
..
Jan
495
143% 143%
-1
*
100
2c
10c 10 ¥2 C
1
Jun
35%
—
Jun
¥ac Jan
4.95
»
9c
14%
common
3c
500
14%
15%
105
36%
—.
Dominion
Goodfish
Jan
1.15
175
6
105
Smelting
Mines
Golden
Jan
Jan
Petroleum
General
Jan
1.60
3¥4c
21c
7,000
28c
24
134%
1%C May
lc
93c
Ltd-
-
3.40 July
87/a
Preferred
5%
46c
8c
40
July
2%c
Feb
104%
104%
23c
10c-
"■
1
Secord Candy
Mines
1%C Mar
Jan
12
6.50
—
....
Gold Mines-
22 ¥2
315
Distillers Corp—Seagrams common
Gatineau
Lebel Oro
260
5
(Toronto)
__100
Crow's Nest Pass Coal——
-—100
Cub- 'Aircraft —_r—u--————*
Co
Jun
12%
Gold Mines
Consolidated
Ford
28 ¥4
15
Consumers Gas
Fanny
Jan
Jun
13c
''
V-
1
Mines
Gold
Cadillac
Jan
—
Eldorado
Laura
10%
*
'Chemical Research
1
Chesterville Larder Lake Gold Mines—1
Chromium M & S Corp Ltd*
Cochenour Willans Gold Mines
1
Cockshutt Plow Co_——W-.-—*
Coniaurum
Mines
*
:
Jun
4,600
5,900
11,500
Chateau Gai Wines
Dominion
25 ¥4
7c
Pacific Rv
^0
Wirebound Boxes class A—
Dominion
Jan
12%
preferred—.
preferred
Pat
Dome
Lapa
12%
Castle-Trethewey Mines
Davies
Lamaque
Jun
Apr
——
Delnite
Apr
10 ¥4
15
Ltd com..—*
Preferred
—.—-—25
Canadian Celanese common
*
Canadian Celanese preferred100
Canadian Dredge
*
Canadian Food Prod—
*
Can.
Industrial Alcohol class "A"—*
Canadian Locomotive Co Ltd——-—0
Canadian Oil preferred
100
:
19 ¥20
lc
4,000
2,000
61c
•
Mines__^.
Mines,
Jan
10c
Canadian Car & F'dry Co
Central
Jan
—*
Convertible
Canadian
Shore
17%
27c
-100
Lake
1,000
lc
<■
Lake Dufault Mines Ltd.
Mar
17%
common.——..—-*
————*
Preferred
Canadian
12c
19%
765
52c
_100
Bakeries preferred
Bank of Commerce
1st
Jan
—50
Steamship
Canadian Breweries
5%
Jan
8c
3,020
2.25
.109
Preferred
Canadian
29%
;
High.
Low
lc
23 c
2%c
Gold Mining-
Lake
151,650
9,800
8
III*
Ltd
Permanent Mortgage
Canadian
Kirkland Townsite
42
-
Canadian
Jun
Jun
70c
19
50c
A——
Canada Foundry class
Kirkland
35c
40
48
8%o
a
Canada Malting Co
Canada
21%
—1
-100
Apr
Jan
Range Since January 1
High
lc
1
Canada
Gold
19
--
—*
Jun
14 ¥2
5,525
n
Preferred".
Class
27%
5%
Bread common
Canada
25 %
1.54
Canada Cement common
Kerr-Addison
23%
21
11 /a
Corp Ltd.
Calgary & Edmonton
Calmont Oils Ltd
Kelvinator
Jun
40
3.40
Mines
Gold Mines—
Building Products Ltd.——
Burlington Steel
Gold
Ankerite
Buffalo Canadian
Apr
7.40 Jan
80
«
Oil Corp
Buffalo
164
25 %
J*7
oic
*
1
Oil
Porcupine Mines, Ltd
Broulan
Brown
16,605
10
Packers Ltd—-——*
Dominion
British
17c
9.75
25
-1
*
Oil
American
British
British Columbia
19
Shares
20c
V
Mines
of
Low
21c
_
_
_
155
25
20,000
15 %c
—
Mines
Cons Gold
M
9%c
39
9%C
25
preferred
Traction Light & Pwr com—*
Cordage
Brantford
J
Jan
100
9c
15 /2c
Jellicoe
1,35 Jun
Feb
15
66,300
39
f /*c
-1
Jun
49 ¥20
—
_
/.
:
1
__
Mines
9%c
70c
—
Jason
140%
95
72
70C
31c
18
153
30c 32 %c
150%
Jacola Mines
Feb
15
50c
18
149
J8
Mines..—
Bralorne
Can
13%
1-05
—50
Mines Ltd-.———-——1
Bonetal Gold
IIV2C Feb
Mar
12
33 % c
37%c
preferred...
Ribbon
Blue
—•
...
Bidgood Kirkland
8%c Apr
2,400
13%
1
-1
——*
—100
1
-1
Exploration & Radium
Beattie Gold Mines Ltd——
Bear
Berens River
High
for Week
Range
of Prices
Sale Price
STOCKS—
Par
Low
T
Paper
Power &
Bathurst
9%c
1
Range Since January
High
*
Co class A—*
Mining
Metals
Base
Low
Last
for Week
Shares
Sales
Week's
Friday
Sales
Week's
Friday
STOCKS—
Monday,'July 5, 1943
COMMERCIAL & FINANCIAL CHRONICLE
Jun
Jun
May*
May
l%c May
3%c
Feb
Apr
7V/2
Jun
3%
6%
6%
55
56
20
Jan
59 V*
Jun
84
69
Feb
84
Jun
84
3.35
3.45
2.50
Jan
4.20
Apr
-;i
Volume
Number 4191
158
THE COMMERCIAL & FINANCIAL CHRONICLE
Toronto Stock Exchange-Curb Section
j
"i;%
Friday
'
*
*
\
'M.
•
26
to
July
both
3
inclusive,
1
'v.,''''
from
official
sales
;j
"
Last
Week's
STOCKS—
Silk
Canadian
Coast
Foothills
Shares
Range Since January 1
High
Low
8
25
6V2
Apr
10%
200
6
Feb
2%
2%
660
85c
Jan
314 May
1.31'
1.40
Ltd-
5
.
Osisko
10% May
1
800
*>0
9%
Jan
Feb
1.80
Oil
&
Selections
Ontario
High
8
1
1.40
Oil
Pend
Silknit
Lake
Supertest
3,785
3
Jan
33c
38c
1,600
29c
Jan
47c
28%
29
30
25 V*
Jan
30
1.40
1.40
300
78c
Jan
5%c
5,500
»
0
.
♦
5%c
5%c
script
Mines
14
-
_
&
_
..
1
..
Petroleum
1.70
5% July
30
12
5%c
6%c
14
Jun
Jan
10
6%c
11,000
r
18
Apr
May
Apr
1.05
23
Jun
Jun
7
Feb
7'Ac
620
23
Jun
5%
1.75
1,500
1.80
0
1
High
14
1.70
..
—
Low
13c 13 %c
13 %c
Metals—_
ordinary
Temiskaming Mining Co...
Feb
5%
33c
—
Mines..
Oreille
Range Since January 1
Hioh
5%
—
Gas_
Shares
Low
*
Ltd
of Prices
5%
_
Dominion Bridge Co—
10 'A
8
:
Marconi
Copper Co
Low
*
——_
.
Canada Bud Breweries Ltd
for Week
of Prices
Sale Price
Par
Bruck
Sales
Range
'
Par
'
•
-
Friday
c
' ■'■■■'
":
Consolidated Paper Corp
Dalhousie Oil Co Ltd..
lists
Sales
for Week
Range
Sale Price
"
compiled
Week's
Last
,
STOCKS—
;;
Canadian Funds
,
June
79
•
19c
Jun
1.90
Jan
Jun
25
5'Ac Jan
May
8%C Jun
OVER-THE-COUNTER MARKETS
Quotations for Friday July 2
Investing Companies
Par
Aeronautical Securities
1
AAmerex
7.65
8.32
IV*
Affiliated Fund Inc
3.48
Keystone Custodian
1
3.36
14.34
1
Axe-Houghton Fund Inc_
13.54
3 %
A6%
20.16
28.71
B-3
3%
Series S-l
4
5
:.
4%
.
-10
3.81
—5
17.02
18730
Broad Street Invest Co Inc
5
27.32
29.54
Bullock
1
14.95
17.60
25.00
13.05
Fund
Boston
Inc
11.61
4.44
4.93
6.49
7.17
Series
.
Fund
Canadian
Ltd
Fund
Inv
Ltd—
1
Fund—
Chemical
3.75
28.20
30.32
—1
Securities
Preferred
3.05
—*
Century Shares Trust
Christiana
Knickerbocker
10.87
10.05
2,430
100
corn-
100-
w—
2,530
141
146
Commonwealth Invest—
—1
—1
35%'
Investment Trust—,
Mass
Investors
Mutual
Invest
37%
Series
Series
&
A8%
Crum
Forster
A7%
B
2.73
Low
2.73
118
-10
ion
111
Fund
1
New
—
19.40
Eaton
Bank
1.37
1
Equitable Invest Corp (Mass)_8
Equity Corp $3 conv pfd
1
29.95
31'A
32!4
*
18.02
19.41
Ine_
1.86
2.04
Mutual, Trust Fund——6
5.65
6.31
Financial
First
Inc
Industrial Fund,
13,52
Metals
11.38
.....
Railroad equipment
North. Amer Trust shares
Series 1953.—i
39%
___•
4.30
2
21.72
4.75
Fundamental
V
Invest
Inc
B
5.50
1
(Geo)
1
Capital Corp—
32.20
34.62
5.13
Agricultural
Aviation
6.72
shares
7.39
5.75
6.33
7.40
shares
6.74
7.41
Chemical
6.21
6.83
shares—
Electrical Equipment.
Food shares
5.00
5.51
General
6.94
6.44
7.08
shares-
Investing
Low
44%
Price Shares
10.45
5.83
Merchandise shares
L~.
6.42
5.93
Reinsurance Corp
2
5%
6%
85%
Republic
(Texas)————--10
Revere (Paul) Fire..
—10
; 28%
27%
13%
25%
26%
30
32
St Paul Fire & Marine
298
50%
53%
19%
v
20%
41
43%
5
9%
28%
26%
5.20
5.73
Petroleum
6.24
6.87
3.11
4.30
14.74
,5.05
36 %
38%
25
129%
133%
10
99
Standard Accident
10
Travelers
71%
100
16%
17%
81%
U S
46'A
32%
Fidelity & Guaranty Co—2
83%
Fire
.....10
10
74%
493
503
103%
43 'A
5
52%
36%
38%
4
52'A
54'A
—10
75%
79%
33%
35%
U S Fire
U S
Guarantee—
i
of the
Manhattan
50c
York
Bid
Co. —10
Ask
20%
100
^
& Trust Cos.
City
Guaranty Trust
Irving Trust
14.33
Bankers Trust
10
Brooklyn Trust
4.11
47%
i^Asky '-
297
84
.———10
305
13%
14%
50
79
100
Kings County Trust
7.07
3.74
—.—100
360
55c
13.33
Far: ";: vBidj
;
21%
358
Central Hanover Bank & Trust 20
96'A
Chase National Bank
38%
100
—100
Lawyers Trust——
1,385
13.55
Fund, Inc
Selected Amer Shares
Chemical Bank & Trust
•
90.13
9.56
10.42
10
1
45%
Conv
47%
1
6.31
6.98
*
14.42
15.34
St
Investment Corp
Corp of Amer AA
100
192
•
1
2.39
Trustee Stand Invest Shs—
ASeries C
...1
ASeries D
1
Continental
Corn
Bank
&
Trust
10
52%
54%
*197%
207%
12%
Empire Trust
35%
37%
83%
87%
47 %
Public Nat'l Bank & Trust—17%
31%
34%
75%
Title Guarantee & Trust—12
71%
First
50
National
Bank
100
City Bank
York Trust—
18%
45
Exchange Bank & Trust-20
2.40
2.31
20
—100
& Co Inc
-25
17%
84.94
—
(J P)
National
202
New
79.04
preferred—
Morgan
4.21
Sovereign Investors
Spencer Trask Fund
32%
46%
Commercial National Bank &
Trust
Selected Income Shares.—
29%
43%
40%
91.95
..2%
—25
Manufactures Trust Co com—20
Scudder, Stevens & Clark
1,425
United States Trust
1,465
5%"*
—100
1,230
6%
1,275
—
,3.43
■4.58
50%
10
Springfield Fire & Marine
28%
_
305
10
Security New Haven
30%
10
62%
Seaboard Surety
10 %
5
_
(NY)
6.53
Mining shares
37%
71%
31
Bank
—
6.43
Super
34%
12'A
Par
l
State
15%
10
Providence-Washington
13%
67%
New York
10c
7.63
bond
9.51
94
5
7.05
Quarterly Inc Shares
8.14
Building shares
49%
91
140
•
shares—.
Automobile
47%
10
x81%
Insur Co of North America.
5.52
Group Securities—
10
—
Republic Invest Fund
General
General Investors Trust-
110
25
5
—
Bank of New
Fund
106
Fire
Indemnity Co„
7.86
„
2.26
10c
5%
107
10
2.64
Putnam
4.48
•
41'A
4%
103
Phoenix
55'A
134
2.70
1
Plymouth Fund Inc
5
—12.50
—10
Fire
Homestead
23.80
Fundamental Trust Shares A—a
1
Series 1956
Series 1958
9.76
3.70
Foundation Trust Shares
25%
Pacific
40
34'A
52'A
20
.
2.10
Series 1955
10
A—1
Fixed Trust Shares A
16%
23%
2.50
5.48
6.40
North Amer Bond Trust ctfs
48%
15
11.46
7.14
...
Steel;..
33%
46
5
7.25
10.43
4.95
—
Railroad
31%
10
Fire
8.95
6.59
Oils
:;28%
Pacific
37%
Home
8.99
8.14
Casualty——-2
Northeastern
Hartford Steamboiler Inspect—10
9.79
8%
191
186
26%
Northern
31%
__
Hartford
7%
2
20
River
20'A
Fire
Hanover
7.54
10.35
North
22%
10
Globe & Republic
Great American
9.63
8.17
8%
64%
38'A
.
6.58
8.90
7%
62%
Fire
18'A
—10
Franklin
11.19
8.76
York
36'A
20%
General Reinsurance Corp..—5
Gibraltar Fire & Marine
10
12.03
6.85
...
New
10
Fire Assn of Phila—
7.26
.
4
10
New Hampshire
630
Fireman's Fd of San Fran_,
Firemen's of Newark
6.46
5.97
Y
Fire
Amsterdam
—10
Federal
7.39
10.95
Machinery
'
Fund
Fidelity
605
Fidelity & Deposit of Md„,
4.85
12.55
N
Preferred Accident
3.56
10.18
...
...
Electrical equipment..
Insurance stock
32.20
Fund
1
Chemical
12.87
Stock
7.43
Building supply
21.34
11.98
Fund
6,87
Fund
stock
6.30
1.25
19.86
Balanced
England
Aviation
1
1
l
Automobile
Howard—
&
1.42
6.57
77 V*
52 %
New Brunswick
8%
92
Fire
1.30
Agriculture
20.97
5.60
2.50
Shares
41%
7%
100
-
New York Stocks Inc—
3.65
D
Union
87
Employees Group
Employers Reinsurance
5.86
73%
48%
Liberty
National
New
Glens Falls Fire
4.77
C
National
16%
38%
3.70
...
60%
25
Connecticut General Life
6.71
5%
12 %
—5
10
59'A
2%
-
Bankers & Shippers
Boston
City of New York-.
4.38
5%
1
Fire
15'A
4.85
3.17
Mfrs
56%
—
Diversified Trustee Shares-
Dividend
57%
_
Camden
._
Merch &
10
12.07
series—
Casualty
25
25c
Low priced bond series
Preferred stock series
31
29%
•
Cumulative Trust Shares—
Automobile
...10
...
11.08
common
series..
Income
Insuranceshares
Surety
22.49
Corp.
Security Series-
priced stock
Bond
31
29
preferred
Delaware
National
..10
Reserve
10.30
National Investors
1
common.
preferred
&
ACommcn
2.27
.100
Forster
Re-Insurance
_•
voting shares^
2.27
1
mod
AA
Series ACC mod—
ACrum
(Md)
9%
16%
American
Securities—
1
series.
12%
15%
11.06
series B shares
1
AA
Accumulative
xl0%
Newark
Continental Casualty
Natlon-Wide
2.40
1
Fidelity & Casualty_5
20.92
1
.
Inc..
Massachusetts Bonding
Merchant Fire Assur
20%
10
2d Fund
Fund
Maryland
12%
18%
.1
Trust
Mass Investors
8%
5
25
...»
American
8.98
Ask
42
77
Equitable
Baltimore American
4.41
t
23
Knickerbocker
11%
American
39.20
8.16
73%
10
-
Bid
39
20
National Fire
93.60
38.42
Manhattan Bond Fund Inc—
Common
..10o
Maryland Fund Inc
10c
(Colo)
Corporate Trust Shares
91.73
35
25
—,
Alliance
American of
5.07
4.66
Consol
Fund——.A
Sayles Mut Fund
*
Loomis Sayles Sec Fund—..10
Loomls
33'A
—10
Par
Jersey Insurance of N Y
57
American
14.37
10.53
j.;
144%
American
16.39
Basle; Industry Shares—
shares
shares
RR Equipment shares.
Steel shares. 1
'
Tobacco shares—
Utility
Trustee
Stand
Oil Shares—
!
4.13
4.55
3.90
shares
ASeries A
1
5.83
ASeries E
Railroad
1
6.45
AHuron
Income
Holding Corp.
■
4Class:'B—^—i—i:.25c
Trusteed
Industry Shares
25c
Foundation
Common
Fund
Institutional
U S El
_l0c
1.44
1.57
5
20.07
•
2.27
2.55
Securities
18.60
C
20.40
7.96
7.28.
Lt & Pwr Shares
Insurance Group shares.
15%
1.75
15,
Int. Rate
1
1943
1944
Jun
15,
15.
1
16.36
1.22
22.90
1944
12.62
v
;
17.99
Mar 15.
tlVa%
Feb
—
Federal Home Loan
&
AFlrst
Boston
Co
%s
100.11
1
1%
1,
1943
b0.75
19%
1946-1944
1964-1944
3%s
3s
1955-1945
1955-1945
3s
Jan.
3s
May 1, 1956-1946
1,
1956-1946
103%
0.60%
103
liV
103/>*
103%
104%
105
104!;!
105%
1|
T06 %
107
tSep 15, 1947 wi——
100.17
100.15
100.17
100.30
101
t%s
Certificates
UVa%
U 3
•
100.22
100.24
1%%
118
120
t%s Nov 1, 1943——
J%s Dec lr 1943—
15,
%%
100.1
100.3
%%
100.24
100.26
1%%
100.19
100.21
%%
1945-
99.26
99.28
Rates
Ask
Finance Corp—
—July 15, 1943
—Apr
15. 1944
100
of
1,
Aug
Indebtedness—
b0.40
1943
0.35%
b0.55
.
0.53%
b0.57
0.55%
b0.65
t%s Feb 1, 1944—
t%s Apr 1 1944
t%s May 1,1944
0.63%
b0.68
0.66%
b0.68
-——
quoted
notes
Feb
0.66%
Other
3s_—
U S Conversion
3s
Panama Canal 3s
1961
b0.37
0.28%
Bid
0.30%
b0.37
0.32%
Sept. 9,
0.32%
Sept.
b0.37
3.32%
Sept. 23 1943——
b0.37
0.32%
Sept.
-
1943
12,
-
1943—
•
30,
0.34%
b0.37
—
1943—
16,
0.33%
b0.37
—"
Ask
b0.37
„„——
b0.37
•No
1946
purchase
Aug. 19, 1943
b0.37
Aug.
—1947
at
——
1943
•
-
—
1943—
—
0.34%
b0.37
0.34%
bO.375 0.35%
bO.375 0.35%
b0.37
0.35%
100.18
Issues
U S Conversion
discount
1943
July 14,
100.8
100.15
Treasury Bills
fcr
Ask
Aug. 26, 1943
Sept. 2, 1943
"Aug. 4.
1,1944
are
July 21, 1943———
July 28, 1943
100.1
100.6
Treasury billsJuly 7, 1943:
Housing Authority—"
105
108
100.19
Ask
100.3
V/2%
%
United States
Federal Land Bank Bonds—
4s
1946
15,
20%
Bid
1%%
4s
tDec
2%
_10
Corp
11%:—
Banks—
Oct.
.
100.14
Bid
Reconstruction
100.9
100.13
100.1
%
Corporations
Ask
•
15, 1945
1
:
Bid
Int. Rate
1946
%
1
1945
Obligations Of Governmental Agencies
Commodity Credit Corp—
point
a
;
tMar 15,
•
tDec. 15, 1945
24.89
12.35
.
Maturity-—
100.6
Investment Banking
92
Bid
Ask
%%
1944
Sep
Bid
100.5
%
1%%
tSept. 15, 1944
Wellington Fund.
ABlalr
1
Dec
Mar 15,
A.
B
14.02
1.11
of America—.10
Maturity—
Sep 15, 1943
tMar
12.79
83
Group shares
Group shares
Investors Fund C
25.30
'
Ltd—
Aviation
Bank
Investment Co
83c
23.15
11.58
Incorporated Investors
Independence Trust Shares
74c
Figures after decimal point represent one or more 32ds of
Series
Inc
-
.
27c
Quotations For U. S. Treasury Notes
41c
4.30
15c
.1
—
Trusteed Amer Bank Shs—
United Bond Fund series A.
Series B
;
American
27.43
S-2
136%
10
Companies
Ask
American Casualty
19.19
Series "6-3
Life
Agricultural
10.41
17.39
Bid
54%
Aetna
18.90
9.49
K-2
Series
preferred
17.17
16.08
...
B-4
K-l—
Series
14.56
——I.
..
B-2
Surety
.
Aetna
33.07
Series
Investing—
A Common
Funds30.14
Scries
,
Bankers Nat
Aetna Casual &
B-l
Series
■7
6'A
Tar
Ask
Scries
3.68
13.22
2
Bid
Series
24'A
Investlng-lOc
Foreign
Stand Oil Shares
Assoc
22%
10
American Business Shares
American
Par
3.81
Holding Corp
Insurance
Ask
Bid
par
value,
a
Odd
Cash sale—not Included in
106%
106%
s
108
108 %
bonds
128%
130
are
furnished
subject to
lot
sales,
range
for
all Federal taxes,
by sponsor or issuer.
b Yield
year.
price,
d Deferred
x-Ex-dividend.
f Name
changed
to
y
delivery,
Ex-rights,
Sinclair
Oil
r
Canadian
tin default.
Corp.
market,
tThese
AQuotatjons not
'
■
--'i.
;•
THE COMMERCIAL & FINANCIAL CHRONICLE
80
Monday, July 5, 1943
Week Ended June 26
,THE COURSE OF BANK CLEARINGS
clearings this week show an increase
Bank
compared with a year ago.
Prelim¬
inary figures compiled by us, based upon telegraphic advices from the chief cities of
the country indicate that for the week ended Saturday, July 3, clearings from all
cities of the United States from which it is possible to obtain weekly clearings will
week last year. Our preliminary total
stands at $9,657,725,*>38, against $6,774,109,881 for the same week in 1942.
At this
center there is a gain for the week ended Friday of 23.6%.
Our comparative sum¬
mary for the week follows:
above those for the corresponding
be 42.6%
by Telegraph
Clearings—Returns
York
!,
$4,307,637,249
441,934,103
-
Chicago.
Philadelphia::.-::.
/
::
'
~
KansasClty
" L———————— '
...
Louisi::::::::..
1
st.
1'
:
San Francisco
t
110,500,000
+30.7
South
Total
.
2,108,976
$6,774,109,881
Holiday
week—.—
+20.0
$6,774,109,881
+ 42.6
which we present further below
to $8,858,403,098, against $7,426,017,070 in the same week in 1942. Outside of this city there was an increase of 23.3%,
•-the bank clearings at this centre having recorded a gain of 19.5%.
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 record
an improvement of 19.8%, in the Boston Reserve District of 2.8%
and in the Phila¬
delphia Reserve District of 11.9%. In the Cleveland Reserve District the totals are
larger by 16.2%, in the Richmond Reserve District by 16.5% and in the Atlanta Re¬
serve District by 37.8%.
The Chicago Reserve District has to its credit a gain of
14.3%, the St. Louis Reserve District of 26.6% and the Minneapolis Reserve District
of 34.1%.
In the Kansas City Reserve District the increase is 26.5%, in the Dallas
Reserve District of 39.3% and in the San Francisco Reserve District of 23.5%.
clearings for the whole country having amounted
furnish
+ 40.2
5,122,468
+ 40.7
23,203,316
19,532,382
+ 25.7
78,600,000
58.300,000
4.2
1,354,873
1,725,257
*1,500,000
+ 15.0
47,649,063
29,816,489
+ 59.8
1,255,105
23,805,000
15,972,000'
49,952,025
37,012,357'
+ 35.0
29,850,537
21,620,459
Boston
New
.12
—.
M
3d
Philadelphia
10
Cleveland
6th
Richmond
7
6
10
17
4
7
10
6
10
632,568,319
627,561,932
"
Ith
<
"
M
"
6th
Atlanta
7th
Chicago
6th
St
-
—
Louis
Minneapolis
10th Kansas City
6th
11th Dallas
Francisco
12th San
258,236,056
354,522,585
"
"
"
"
563,335,511
263,544,256
184,090,440
264,828,304
-
260,257,160
3,220,121,530
+11.9
+ 16.2
541,619,849
439,783,549
198,914,991
423,078,317
328,552,603
154,221,916
158,952,289
376,425.392
138,485,733
102,295,524
131,502,111
+ 16.5
216,525,433
479,518,628
197,749,329
'129,287,796
165,392,183
72,149,996
308,188,118
+37.8
+ 14.3
+26.6
+34.1
+26.5
+39.3
+23.5
*137,162,810
. 209,309,457
90,416,713
394,082,299
125,909,588
486,582,606
"
"
1940
$
338,961,404
3,535,833,603
+
63,332,298
246,185,949
8,858.403,098
4,300,826,561
New York city
Canada
now
+19.3
+23.3
6,623,925,384
3,213,458,248
5,603,410,822
2,498,963,069
422,269,282
+31.4
488,057,060
309,389,943
32 cities
-
We
7,426,017,070
3,486,961,018
554,965,461
HI cities
I
Total
add
detailed statement showing the figures for each city for the
our
1943
$
Clearings at—
'
Week Ended June 26
1942
$
Dec. %
1940
$
$
First Federal Reserve District—Boston—
Portland
659,144
-
a
i
875,709
411,539
1,035,736
-
"
Lowell
New
Bedford
Springfield
New
Rhode
New
711,005
2,116,632
287,738,770
796,783
436,072
737,377
2,123,905
221,860,050
673,063
377,694
586,058
4,253,348
Haven
Island—Providence
(12 cities)
3,540,784
+20.1
3,275,988
3,290,577
2,619,900
17,912,947
6,134,584
16,536,500
6.5
—25.5
— 0.6
+ 4.6
2,394,682
17,221,000
5,559,148
17,128,800
2,534,530
11,448,121
4,078,691
11,286,400
789,859
'
Hampshire—Manchester
Total
770,370
—
2,449,452
13,337,127
6,099,344
17,293,900
—
Worcester
Connecticut—Hartford
7.8
—27.8
+ 4.7
+ 3.4
— 9.7
+40.5
4,576,315
313,629,136
847,181
455,828
737,347
328,248,819
Massachusetts—Boston
Fall River
715,180
3,305,241
Maine—Bangor
817,372
3.4
785,782
1,287,066
378,759,218
7
—
—
2.8
338,961,404
260,257,160
9.0
—10.2
7,634,035
1,394,075
19,019,441
1,091,923
+37.6
368,523,074
43,400,000
631,435
958,097
3,410,467,136
9,465,113
36,200,000
525,156
797,963
3,104,447,753
7,799,353
+
6,210,841
1,179,632
■
Buffalo
45,700,000
1,063,747
Binghamton
5,696,822
1,313,905
62,900,000
'
1,090,656
816,827
3,814,257,645
9,320,654
'
Elmira-
-
1,090,887
Jamestown
New
4,557,576,537
York
'
Rochester
9,795,178
...
7,557,786 %<
Syracuse
—Connecticut—Stamford—
'
6,292,041
2.5
+33.5
+19.5
+ 5.1
—
4,620,447
7,332,499=
+
+63.6
,
4,622,857
4,881,190
+ 16.5
5,728,529
4,350,351
419,211
480,057
23,337,231
*27,775,879
19,390,972
21,137,371
445,015
424,401
Newark
25,767,619
20,688,327
+ 4.9
+24.6
Northern New Jersey.
37,544,537
28,836,327
+30.2
New
'
Jersey—Montclalr
Total
4,718,464,283
(12 cities)
3,939,056,052
+19.8
3,535,833,603
Des
441,437
+13.6
342,105
690,267
3,553,451
+ 16.5
4,074,107
2,960,787
2,306,817
+ 54.0
1,983,206
1,658,622
+ 15.4
2,162,063
1,766,421
23,454,000-
+ 30.0
23,783,000
19,913,000
3,216,748
3,915,940
—17.9
3,041,927
7,909,141
6,614,065
32J45J47
33,297,391
3,220,121,530
Third Federal Reserve District—Philadelphia—
'433,606
383,242
+13.1
482,976
361,265
824,168
652,694
+26.3
Chester
678,735
479,032
+41.7
1,357,781
1,547,020
—12.2
520,325
511,274
1,595,157
579,175
350,688
1,264,692
618,000,000
1,461,275
2,307,508
+12.2
+ 11.9
521,000,000
2,157,882
2,659,842
407,000,000
1,392,597
1,155,203
1,617,943
551,000,000
v-K
1,305,573
2,089,262
969,274
1,540,093
4,732,100
5,408,900
—12.5
——
Lancaster
Philadelphia—:
—a
Reading
Scranton
;
WiJkes-Barre
-
—
York
New
-
Jersey—Trenton
1,377,904
1,534,389
2,137,576
1.160,396
1,345,828
9,780,100
+10.4
+19.2
+ 5.1
632,568,319
(10 Cities)
565,375,090
+11.9
7,486,100
541,619,849
*
423,078,317
+ 42.2
1,663,226
+ 14.4
10,733,730
7.6
+ 14.9
4,452,344
380,812
386,099,207
0.9
1,233,884
991,633
409,418
451,192
1,321,058
110,530,514
230,956,348
Columbus
15,334,900
3,124,845
94,022,410
190,403,571
11,466,600
Mansfield
2,165,173
2,234,399
Pennsylvania—Pittsburgh
3,579,366
261,725,850
(7 cities)
627,561,932
3,269,781
jm'
Youngstown
1
—.
3,077,912
76,708,446
147,450,876
+ 4.6
+17.6
+21.3
2,210,520
61,057,830
112,197,617
12,158,400
9,406,800
3.1
2,585,572
1,798,587
3,122,521
235,684,450
+14.6
+ 11.0
3,424,722
194,377,521
3,062,152
138,819,097
540,056,796
+16.2
439,783,549
328,552,603
+33.7
—
-
Peoria
—
9.3
—
318,207
298,862,447
4,591,423
Rockford
4,351,997
+
5.5
4,329,502
4,382,064
2,558,179
^
2,162,471
+ 18.3
1,595,491
1,611,456
1,988,730
1,656,669
+ 19.9
1,856,054
1,277,340
563,335,511
493,005,790
+ 14.3
479,518,628
376,425,392
Springfield
(17 cities)—
Eighth Federal Reserve District—St. Louis162,700,000
125,800,000
+ 29.3
119,000,000
84,100,000
Kentucky—Louisville
64,474,422
54,516,173
+ 18.3
51,067,892
36,736,274
Tennessee—Memphis
35,536,834
26,990,375
+ 31.7
27,077,937
17,142,459
833,000
825,000
1.0
604,000
507,000
263,544,256
208,131,548
+ 26.6
197,749,829
138,485,733
Missouri—St. Louis
Illinois—Quincy
Tc<,al
__
(4 cities)
-
+
'
'•
'
'
Ninth Federal Reserve District-—Minneapolis—
Minnesota—Duluth—
+ 17.4
3,524,181
4,138,779
3,118,493
3,386,819
128,260,931
Paul
92,504,217
+ 38.7
87,102,233
68,283,260
42,490,455
Minneapolis
33,530,513
+ 26.7
30,888,271.
23,945,166
2,173,837
Dakota—Fargo
2,743,876
2,676,801
+
2.5
2,670,451
Dakota—Aberdeen
1,401,501
1,167,195
+ 20.1
999,841
851,750
743,690
+ 14.5
765,747
732,108
4,203,148
3,016,213
+ 39.4
3,474,434
3.161,525
137,162,810
+ 34.1
129,287,796
102,295,524
Total
•—
184,090,440
(7 cities)
\
'
881,135
Tenth Federal Reserve District—Kansas City—
Nebraska—Fremont-
Hastings
181,233
3,006,070
T
.
150,402
112,402
+ 12.5
2,578,325
2,550,762
+ 35.3
35,489,718
27,448,746
2,359,242
3.8
1,886,596
4,382,487
+ 51.1
4,193,644
180,038,076
144,041,398
+ 25.0
116,389,153
92,413,852
5,158,837
4,187,005
+ 23.2
3,304,253
2,536,529
774,363
1,259,467
—38.5
471,220
469,522
652,647
957,434
—31.8
840,311
673,155
264,828,304
209,309,457
26.5
165,392,188
131,502,111
3,503,789
3,369,417
Kansas—Topeka
6,620,652
Wichita
Missouri—Kansas City
St. Joseph—
——mm
_
Colorado—Colorado
Total
47,677,564
64,487,762
Omaha
74,379
88,566
+ 19.1
152,220
3,332,404
_
—-
+ 14.7
142,023
162,913
IMMMM
—
Lincoln
Springs
.mm*
mm
(10 cities)
-
—
+
2,863,522
:=
Eleventh Federal Reserve District— Dallas—
Texas—Austin
Dallas
3,148,129
2,035,267
+ 54.7
1,642,895
1,893,217
101,883,921
71,543,658
+ 42.4
55,745,653
50,717,586
11,239,396
9,262,875
+ 21.9
7,707,897
5,824,301
__
—
—
—
Total
2,809,000
4,463,000
mmmm
1,352,976
948,536
3,772,166
3,819,377
125,909,588
90,416,713
Falls—
Louisiana—Shreveport
(6 cities)—
+ 58.9
1,840.000
2,463,000
+ 42.6
1,194,104
922,498
1.2
3,391,447
2,134,696
+ 39.3
72,149,996
63,332,298
+ 31.9
51,277,636
—
Twelfth Federal Reserve District—San Francisco—
75,228,495
99,200,163
Washington—Seattle
40,250,055
1,516,345
1,409,169
+
7.6
1,156,944
1,027,680
Oregon—Portland.:
73,986,840
+
11.3
47,287,152
35,810,281
Utah—Salt Lake City
26,716,741
66,500,647
21,387,616
+ 29.6
18,149,041
17,073,402
Yakima
—
3,308,707
8.0
3,223,599
3,123,847
+ 22.0
174,093,000
139,629,291
3,959,592
1,519,167
2,525,883
+ 56.8
2,996,431
2,559,491
1,057,157
+ 43.7
1,514,704
4,190,048
3,071,656
+
36.4
2,829,889
2,200,300
486,582,606
394,082,299
+
23.5
308,188,118
246,185,949
8,858,403,098
4,300,826,561
7,426,017,070
+ 19.3
6,623,925,384
5,603,410,822
3,486,961,018
+ 23.3
3,213,458,248
2,498,963,069
San Jose
Barbara
Stockton
Total
4,656,722
2,798,125
214,056,000
Francisco
Santa
+ 86.7
3,021,776
261,179,403
Pasadena
San
6,047,551
11,292,531
California—Long Beach
(10 cities).
Total
(111 cities)
Outside New York
Week
1943
$
V
155,569,001
Montreal
24
June
1941
Inc. or
Dec.
1,204,895
.
v...
%
1940
,
$
$
142,001,719
168,654,634
Toronto—.-
+
Ended
1942
$
Canada-
+ 18.8
124,382,051
90,488,395
109,285,302
+ 42.3
121,163,269
48,888,145
85,920,209
37,368,863
+
57.5
Vancouver
28,202,836
27,644,161
+
2.0
20,152,783
18,028,947
Ottawa
65,546,188'
42,238,953
+ 55.2
115,268,339
+ 21.1
4,736,340
29,775,962
4,261,239
4.2
40,913,538
64,446,848
Winnipeg
5,958,437
4,918,759
Halifax
3,838,156
4,005,318
3,980,573
2,855,293
Hamilton
7,414,801
7,008,628
+
5.8
7,639,712
5,985,461
9,271,506
7,607,467
+ 21.9
9,415,844
5,469,617
2,644,875
2,563,123
+
3.2
2,352,144
2,194,300
3,334,307
8,194,427
8,243,643
2,141,132
+
2.5
1,994,786
1,802,924
3,266,990
+
2.1
3,225,234
2,596,241
+
62.1
4,663,109
4,042,662
Quebec-—-a-—-
Calgary
John
■
;
London
——
Edmonton—.
Regina
3,421,283
1,169,681
378,314
344,623
440,878
603,392
+ 46.6
521,965
1,376,855
+ 46.7
1,427,967
1,361,280
638,779
+ 45.7
631,836
454,678
991,436
930,844
Jaw
;•
460,437
1.3
1,018,468
1,066,954
9.6
1,020,462
—27.9
1,362,349
917,101
801,489
746,284
527,148
William——
WestminsterHat
288,621
+ 82.6
384,951
227,280
760,348
+ 32.0
733,918
596,000
1,003,492
Peterborough
1,260,678
•
1,027,980
874,170
1,476,053
1,309,652
4,295,265
4,657,974
—
+
780,449
852.641
+ 17.6
968.408
+ 12.7
1,211,409
1,130,551
7.8
4,061,693
2,859,284
—
—
+ 35.6
1,223,262
350,009
389,434
+ 18.6
577,421
425,712
1,375,196
1,159,989
812,214
754,055
784,396
693,480
+ 13.1
841,814
542,120
+ 55.3
1,163,841
•Prince Albert
Moncton
V
1,169,181
1,244,899
Brantford
New
8.0
+ 29.4
2,020,449
Saskatoon
Fort
—
1,993,053
570,626
Lethbridge
Moose
5,054,557
4,293,186
—
884,399
Brandon
1,176,434
554,965,461
422,269,282
,
1,213,483
—
Kingston
Chatham
Sarnia
Sudbury
Total
Total
+
388,614,694
1,309,145
Windsor
Cincinnati
1,103,484
8,453,910
3,595,880
1,652,825
446,538,261
Kitchener
Cleveland
20,339,216
5,421,199
Chicago
Sherbrooke
Fourth Federal Reserve District—Cleveland—
Ohio—Canton-
6,582,796
24,190,870
11,381,449
Decatur
Medicine
Total
7,597,100
3.5
5,835,232
;
;
Illinois—Bloomington
Total
1,917,862
+ 19.6
—
2,351+541
City
Victoria—
Bethlehem—
Pennsylvania—Altoona.
2,407,135
13,022,599
Moines
Sioux
St.
V
158,952,289
501,645
Iowa—Cedar Rapids
Grand
Second Federal Reserve District—New YorkNew York—Albany-
216,525,433
3;552,110
2,777,757
30,489,555
Wisconsin—Milwaukee
Wichita
1941
Inc. or
105,954
35,927,650
3,052,382
4,139,280
——
Galveston
v
.
114,345
50,167,401
+37.8
Bend
Fort Worth
week ended June 26 for four years:
.
8,5
259,243,328
Pueblo
outside
1,814,126
9.0
+
North
2.8
+19.8
368,523,074
3,939,056,052
565,375,090
540,056,796
221,654,113
259,243,328
493,005,790
208,131,548
378,759,218
4,718,454,283
12 cltlea
—
York
1941
$
811,077
+ 44.5
133,631
59,602,373
354,522,585
(10 cities).
1,155,778
+
144,972
86,130,221
-
Helena
Inc. or *
Dec. %
+
4,127,996
4,499,454
,
Montana—Billings
CLEARINGS
1942
$
$
Federal Reserve Districts
1st
BANK
1943
Week Ended June 26
2d
OF
1,931,707
2,012,014
South
by Federal Reserve Districts:
a summary
SUMMARY
3,712,863
5,089,800
St.
In the following we
154,221,916
90,700,000
Indianapolis—.—
complete results for the week previous—the week
For that week there was an increase of 19.3%, the aggregate of
26.
198,914,991
29,328,975
Michigan—Ann Arbor
Grand Rapids
Lansing—___—._—.—
able to give the final and
June
ended
+16.5
Seventh Federal Reserve District—Chicago-
and the Saturday figures are not available at
elaborate detailed statement, however,
25,679,511
7,132,904
Total
time of going to press.
Accordingly, in the above the last day of the week in all cases has to be estimated.
In the
1,068,489
81,238,988
30",761,815
41,275,669
Mississippi—Vicksburg-
Complete and exact details for the, week covered by the foregoing will appear
issue of next week.
We cannot furnish them today, inasmuch as the week
are
1,591,532
110,191,560
5.4
+
114,000,000
;
Louisiana—New Orleans
our
we
42,721,585
+ 25.1
221,654,113
Terre Haute
ends Saturday
2,999,000
51,714,980
™
South
in
514,343
872,104
3,783,000
8.0
Sixth Federal Reserve District—Atlanta-
Indiana—Fort Wayne
Total all Cities for
6.6
5.7
+ 15.5
30,756,554
258,236,056
+
120,071,375
32,417,024
—
1,826,516
150,176,496
Columbia—Washington-
(6 cities)
—
5,989,000
61,976,144
Carolina—Charleston
Maryland—Baltimore
District of
1,034,524
966,569
5,645,000
66,921,991
.
Richmond
Mobile
+22.0
+ 11.4
$3,657,725,968
days—
Total all cities, five days
$5,522,508,461
1,251,601,420
$
Alabama—Birmingham
+18.8
+31.8
+20.6
+26.4
$8,131,438,307
i,52o,2d7,661
five days
All cities, one day
Virginia—Huntington—
Virginia—Norfolk
Georgia—Atlanta
Augusta
+ 4.8
+ 31.4
$6,737,052,217
1,394,386,090
Baltimore:::::::::.:::
Other cities, five
West
Nashville
190,057,000
186,052,186
166,486,393
101,763,808
Dec. %
■Macoft^y^^—>;/;''
„*
+14.6
144,400,000
-
Ten cities,
499,000,000
.295,033,209
122,918,151
309,118,616
161,525,826
1940
1941
Inc. or
y
Florida—Jacksonville.
+23.6
+20.6
225,806,000
245,130,305
200,856,741
128,643,371
Pittsburgh
Cleveland
1P42
$3,484,191,957
366,505,757
572,000,000
i
Boston
.
$
Tennessee—Knoxville
Week Ending July 3
New
1942
1943
Fifth Federal Reserve District—Richmond
(32 cities).
*+
688,306
7.7
1,233,101
:
556,072
631,112
589,830
491,196
1.1
1,281,738
1,277,774
+ 31.4
488,057,050
309,389,943
—
Volume 157
THE COMMERCIAL
Number 4189
,
& FINANCIAL CHRONICLE
81
-•wX i.
General Corporation and Investment News
RAILROAD
Gross
from
from
Net
Net
Net
—V,
157,
$263,458
121,477
68,152
income...
1,330,106
458,295
1,217,456
928,824
306,454
170,502
101,944
Gross
profit
operations
59,345
32,735
849,139
470,530
518,154
309,277
256,593
$4,980,235
July
Prov.
from
Net
ry.
railway
railway
from
income—
oper.
From January
218,703
$686,754
228,184
148,606
1—
from
Gross
railway—
Net from railway-
9,394,804
6,830,528
4,622,251
3,107,393
Net
1,093,508
905,063
3,113,861
884,012
588,531
4,049,356
1,384,044
819,310
ry.
—V.
2208.
p.
Allied
7
income—
oper.
157,
$3,696,179
Dr39,993
$1,417,747
'■
„
Dr86,687
$3,348,157
$1,506,551
"l,yi4,477
3j6,42o
Net
ry.
—V,
income
for
to
stock
$1,312,735
(less
$1.3y
stock...
1943,
refund
$2.38
in
of
taxes,
$215,216)
1942
t$l,110,127
and
A
212,844
tlncludes
Balance
Sheet
$1,940,635.
1941
at
as
per
tEquivalent
share.
common
April
30,
1943
Corp.—Establishes
Dye
&
Central
Research Laboratory—
>
notes of $223,497), $1,009,989; other accounts and notes
$68,245; inventories, $3,996,147; post-war refund of excess
tax, $215,216; non-current investments and receivables, $618,702; plant and equipment (includes patterns and drawings of $475,025), (less reserves for depreciation of $8,979,581), $6,177,794; de¬
charges,
$92,020;
patents
(less
amortization),
$128,003;
total,
$18,473,615.
Since the critical situation on materials of construction pre¬
this step now, an interim plan involving temporary facilities
cludes
has
been
developed.
A
building
commercial
Morristown
in
has been
leased and is being altered and equipped to accommodate a small
It is expected the building will be ready for occupancy about Oct.
staff.
1.
The Allied organization comprises the following principal operating
groups; The Barrett Division, General Chemical Co., National Aniline
Division, Semet-Solvay Co. and the Solvay Process Co.
The fields of
activity within Allied include coal tar products and related materials,
acids and heavy chemicals, dyestuffs and Intermediates, coke and by¬
products, alkalies, chlorine, synthetic ammonia and nitrates.
A num¬
ber of
plants have been erected and are being operated by Allied
subsidiaries for the account of the United States Government.—V. 157,
p. 986.
'
'
to retire
proposal
shares
53,244
of Its
the
difference between the stated
cost
thereof.—V.
157,
value of the stock
common
to
retired
be
184;
U.
S.
tax
W.
O.
Home
Frohring,
technical
Products
to
In
his
new
development
when
the
war
free
157,
Mr.
in
ends,
American
of
S.
for
his
foreclosed and turned over to the creditors.
Other
be
The
established,
with
annual
present stock of the road is entirely owned by the
RR., and these holdings would not participate in
Ohio
Net
of
their
claims.
Creditors
with
mined
$125
claims
unsecured
receive
a
in
4,847,202
2,455,218
research
on
products
to
it
be
is
Mr.
Frohring has resigned as
Mason, Mich., a subsidiary.—
$
,
,
units,
or
V.
11,789,984
11,406,677
38,195,119
&
of
1942
May—
Gross
1943
from
railway
from
Net
218,504
24,545
216,851
425,672
150,513
$1,241,485
113,378
♦110,125
4,048,286
3,957,624
15,777,963
6,744,297
5,450,150
22,634,007
19,563,313
1,792,946
1,792,935
7,171,766
10,725,428
7,607,293
6,303,177
6,278,573
3,062,932
2,187,724
1,304,331
1,916,714
501,952
9,468
52,672
41,857
in
3,647,747
3,647,747
15,409,569
12,349,715
13,093
14,656
63,885
65,196
15,409,569
Income
the
on
2
April
1,
last.—V.
American European
The
of 25
An
155,
of
p.
15
cents
each
were
cents
each
were
made
was
on
a
dividend
of
15
cents
per
share
on
June 25
paid on
and
on
All
Cost
sales,
of
1943
less returns, allow, and discounts.
sold and selling, admin, and
/
$565,521
1942
629,754
279,131
$64,232
11,822
$53,726
32,080
$52,410
$21,647
1,431
income
—
Loss
deductions
Loss
for
(tax recovery)
22,486
Assets—Cash
(less
in
banks
allowance
for
unearned.—V.
week
the
6.02%
of
2,774,111
11,982,679
8,813,689
applicable to respective periods whether
157, p. 2443.
Net
ry.
$23,077
hand,
doubtful
$232,741;
$1,000),
the
trade
$273,439;
U.
S.
re¬
of
this
of
69,485,000
kwh.
for
the
an
increase
table
of
weekly
output
1942
of
electric
for
energy
1941
the
last
1939
61,781,000
52,392,000
45,105,000
71,002,000
62,687,000
52,870,000
46,041,000
19
71,844,000
78,324,000
79,699,000
69,879,000
12
June
71,160,000
52,363,000
45,133,000
June
26
73,669,000
69,485,000
63,374,000
65,016.000
52,682,000
Note—Railway
Liabilities—Bank
$29,449;
lease
output
power
of
May
kwh.
for
of
the
electric
subsidiaries
totaled
343,575,041 kwh., as
corresponding month of
the
10.57%.
tax
the
for
compared with 310,1942, an increase of
five
H.
5,385,557
for
25,628,896
as
an
ending
May 31, 1943, power output totaled
against 1,548,387,331 kwh. for the corresponding
increase of 9.78%.—V.
157,
p.
Dr286,194
21,439,685
month
profits
1942.
Atlanta Birmingham & Coast
oper.
1941
1940
$356,243
60,987
$287,009
26,689
62,507
2,456
♦24,038
2,104,866
1,765,045
1,476,530
1,160,812
415,681
298,555
135,658
437,740
112,432
15,916
♦111,106
i
1—
From
Net
1942
125,637
3,212,023
income
Jan.
ry.
-
$480,985
71,757
railway
Net from railway__*.i_.
Net
RR.—Earnings-
1943
$654,474
4- 225,960
from
•
from
railway?.—_
railway______
income—
from
ry.
oper.
♦Deficit.—V.
157, p.
2142.
Atlantic Coast Fisheries
Co.—Earnings—
(And subsidiary, Fish Producers Exchange of Florida, Inc.),
Net
inci.
1943
3,452,681
&
exps.
4,115,038
2,159,622
$1,110,682
$390,356
446,353
534,457
337,552
$576,225
$52,803
CY9.529
Dr30,953
of
♦Cost of materials and of operations
of plants
profit
and admin,
1941
$2,549,979
$39,271
acct.
$5,225,719
$485,623
for
sales
1942
$3,938,304
sales,
shippers
taxes
Other
income
Prov.
for
less
sundry
for
other
prior
deductions
Net
8,629
25,000
50,000
$15,170
$495,271
$71,847
$0.05
$1.65
$0.22
year
profit from operations
Earnings
per
19,044
taxes.
contingencies
general
share—
common
—
♦Including $48,928 in 1943, $40,408 in 1942 and $30,771 in 1941 for
depreciation,
JTncluding $2,079 in 1943, $3,395 in 1942 and $1,171
in
1941
fiscal
for
depreciation.
provisions
year
for
income
and
excess
Condensed
Consolidated Balance
States
and
on
Treasury
Receivables, less
the
reserve—
$370,937
259,491
obligations
1942
$194,009
hand
349,955
362,980
value
of
life
Prepaid insurance
and other expenses
and advances (less reserves)
invest,
__
430,625
55,406
insurance
367,760
531,990
surrender
Sundry
for
1943
banks
Inventories
Cash
taxes
Sheet, April 30
Assets—
in
profits
deemed necessary.
are
50,316
23,382
16,250
48,083
14,220
450,350
12,500
414,124
12,500
$1,938,191
$2,026,688
$77,562
$77,346
equip., patents and trademarks (less
reserves
—
Leaseholds
—.
____—____
____
Total
;
Accounts
payable
accruals
for
stock
Common
Capital
Frank
company
p.
1046.
28,774
($1
par)
surplus
—
Surplus earned since May 1,
Common
stock
in
157,
V.
Benton,
and
of
Jr.,
an
attorney,
its subsidiary,
i
1940
1143.
320,490
50,000
1,141,684
430,597
485,602
Dr 143,741
Ur07,367
$1,938,191
treasury
—
p.
18,934
75,000
320,490
1,149,509
general contingencies.:
$2,026,688
'
Atlantic Coast Line
RR.—Earnings1943—Month—1942
Operating
revenues
—
$13,923,150
$9,803,099
Operating
expenses
—
7,790,191
5,295,149
revenues—
56,132,959
1943—5 Mos.—1942
$68,286,390 $42,560,160
32,843,833
25,432,107
2443.
Amt.
was
oper.
$4,507,950 $35,442,557 $17,128,053
4,000,000
$2,132,959
$2,907,950 $11,942,557 $11,673,053
Dr521,186
Dr284,734 Dr2,719,387 Url.366,394
required
—
1,600,000
23,500,000
for taxes
Operating income
Net amt. paid for rent
of equip. & jt. facil.
President, Etc.
Stamm,
resigned.
157,
120,357,834
75,396.258
23,235,697
company
Vice-President, has been elected President to
succeed Norman B.
Schreiber, resigned, and Herbert V. Boal, Treas¬
urer, has also been elected Vice-President, succeeding Jerome S. Greenthis
1943- -5 Mos.—1942
183,560,414
157, p. 2008.
Period End. May 31—
months
Andrews Steel Co., Newport, Ky.—New
tary of
$1
93,397,516
62,821,343
Dr440,906 JDrl,712,659
excess
in
May—
Gross
Net
Co.—V.
1,
per
last.
of May, 1943, Include $12,taxes compared with $3,Railway tax accruals for five
months ended May 31, 1943, include
$53,254,000 Federal income and
excess profits
taxes compared with $15,729,000 Federal income tax
in.
and
income
—V.
of
■
period last year,
berg,
accruals
income
Federal
Total
May Production Increased 10.57%—
Gov¬
loans, $372,230; trade accounts payable, $97,556;
deposit, $200; accruals, $38,929; reserve for
current
years
Federal income taxes, $101,037; reserve for post-war
reconversion, $60,000; capital stock ($1 par), $231,400; earned surplus,
$326,857; capital surplus, $410,000; total, $1,667,657.—V. 157, p. 1521.
payrolls,
tax
Federal
45,814,000
Charles
ago.—
share on the
July 30.
Similar
Payments in
each; Sept. 1, $1.50,
1,
27,526,434
16,277,862
5,422,109
5,485,506
871,000
Reserve
1940
ernment
(facilities, $57,936; inventories, $404,254; other assets, $10,527; property, plant and equipment (net), $545,096; patents, $1; de¬
ferred charges, $143,663; total, $1,667,657.
June
Dr606,984
income
oper.
Sundry
1943
June
the
and
$1.50
corresponding
follows:
month
of
record
June
company
5
The
City
Liabilities-
1,699,661,528 kwh.,
accounts
properties
1943, totaled 73,669,000 kwh.,
26,
output
electric
June
For
Sheet, June 1, 1943
on
ended June
over
years
and
14,069,345
094,000
United
1942.
Comparative
five
the
$33,729
and
4,081,329
Output of electric energy of the
for
2
2
1943—Month—1942
tax accruals
;
Other debits or credits
requirements
of
726,575
quarter—
Balance
ceivable
3,804
—-
March
of
holders of
19,693,533
Note—No
surplus
Week End.—
loss
Federal taxes
333,959
con-
American Water Works and Electric Co., Inc.—Output
$225,404
goods
general expenses including depreciation
Other
9,147,648
to
week
Socket Co.—Earnings—
Salle
La
the
1, $2.50.'
Plants and
Payments
Operating
Other
71,246
12,320,752
338,073
the remaining outstanding 4% bonds due Dec. 1, 1952 (Nos.
5,000, inclusive) have been called for redemption as of Dec.
1, 1943 at 102 and interest. Payment will be made at the Irving
Trust Co., 1 Wall Street, New York, N. Y.—V. 143, p. 2037.
Dec.
Quarters Ended May 31—
Gross
50,116
439,164
2,828,099
Alabama State Bridge Co.—Bonds Called—
of
American Forging &
2,845,357
__
to
earned
or
to
12,414,911
2,766,480
the
30, 1942; none since.
Dec. 20, 1941.—V. 157, p. 1645.
follows:
as
dividend
a
1
March
on
expenses
Cash
2,944
stock,, payable July 15 to holders of record July 9.
Initial of 40 cents
made
1301.
Securities Co.—Smaller Dividend
directors have declared
common
4,131,445
15,473,454
386,222
a
stock, no par,
Quarterly distributions
and
686,945
___
dividend
earned
dividend of 10 cents per share
payable July 1 to holders of record
common
25.
June
Jan.
recently declared
3,662,403
115,562
701,484
127,343
carried
sol.
157, p. 2006.
directors
Sept.
Operating profit
deductions
taxes
Bal.
South
12,349,715
967,841
American Discount Co. of Georgia—Smaller Dividend
declared
made
oper.
tSelling
4,932,640
4,945,733
♦Full
The
have
Ry.
Ry.
Gross
Expenses
♦298,997
__
231
Bank 'of
Electric Corp.
39,855,368
7,171,741
18,711
_
4,932,640
other
Co.,
National
of
revenues
15,778,541
income
&
Trust
Co.—Weekly Output—
&
output
oper.
35,341,854
equity
Int.
&
Chase
Electric
electric
payable
were
140,530
38,411,970
Total
1940
$1,647,767
15,182,144
railway.
income--;
oper.
♦Deficit.—V.
$2,361,688
777,255
279,387
1,256,515
'
'
stock,
were
Net
9,407,774
subs.___
Balance
From January 1—
Gross from railway
Net ry.
1941
1942
$3,139,446
'
.
Earnings of System-
Amer. Pow. & Lt. Co.—
Net
Bank
The
at
or
&
Co.
•
Street, New York, N. Y.—V. 157, p. 2209.
net
directors
and Dec.
Amer.
Lt.
of
,
Called—
year
Provision
Net from railway
^
Net ry. oper, income—
National
Year Ended April 30—
equity
Other
Earnings for May and Year to Date
25
distributions
35,201,324
____
__
''
,
Atchison, Topeka & Santa Fe Ry.—$1.50 Dividend—
The
Gross
9,383,229
to
income
reorganized
"_
4
157, p. 2443.
common
$
3,009,620
public
Portion
applic. to mi¬
nority interests
Net
2178.
p.
'1" H
*
report for the week
the Associated Gas & Electric
131,867,408 units (kwh.).
This is an increase of 15,660,616
13.5%
above production of 116,206,792 units a
June
was
1943—12 Mos.—1942
55,107
public
'
'
i
(& Subs.)—Earnings-
10,792,583
_
divs.
Pow.
property and leaseholds of the Alton would be turned over to
company for administration by three reorganization
managers whose appointments are to be ratified by the Federal Court.-
Illinois
and
2,972,172
(net)z
to
155,
'
trustees of Associated Gas
group
introduced
10,737,476
revenues
deductions
Balance
♦Pfd.
share.
per
subsidiaries,
$
12,374,886
...
income
int.
All
the
'
•*
Associated Gas &
The
&
income
Gross
Net
at
stock
common
*
,
$
special
company's unmortgaged assets as deter¬
the Interstate Commerce Commission
by
would
' }
f
Chicago, '111.,
ended
of
$101,-
31,562,660 124,265,264 116,497,911
12,479,238
47,952,394
46,122,306
4,355,407
16,343,562
13,686,987
2,335,166
9,984,205
10,080,617
is
pro rata share of the value of
taxes,
appointed
its
concentrate
new
$
,
oper.
other
suggested that four series of consolidated first mortgage bonds,
due in 2018, be issued to various classes of creditors, together with
300,000 shares ($100 par)
common stock.
Creditors with secured
claims would receive one share of new common stock for each $100
been
1943—3 Mos.—1942
deplet.
appropriations
reserve
the new plan.
It
has
and
Light Co.
33,386,954
taxes
&
will
with
new
&
revenues
retire.
would
1941.—V.
'
has called for redemption as of Aug. 1, 1943, a total
first mortgage 20-year 4%
sinking fund bonds, series B,
1, 1955, at 102 V2 and interest.
Payment will be made at the
1942.—V.
Power
taxes
97,064
Corp.—New Official—
duties,
Corporation of
A.
expenses
274,629
228,500
Ry.
Frohring
connection
Period End. Feb. 28—
Prop,
784,562
other
2443.
p.
American
Other
Baltimore
interest
accrued
and
he will cooperate with the 15 laboratories in
Products organization to achieve this
objective.
M.
442,278
182,109
company
Aug.
and
Home
himself
chairman
V.
post,
work
plan of reorganization for the road has been filed
Court, Chicago, replacing a tentative draft proposed
shortly after reorganization proceedings were begun.
The plan was
filed with Federal Judge John P. Barnes.
•
Under terms of the new proposal the property would in effect be
$206,780.
and
announced.
Federal
A capitalization of $57,fixed charges estimated at
notes
Security
director,
corporation
the
Subsidiaries—
A supplementary
Social
newly-elected
consultant
Operating
Operating
in Federal District
20,
'
*
Period End. May 31-
American
and
Alton RR.—Reorganization / Filed with Court—
savings
accrued
salaries, wages and commissions, $174,604; reserve for
$312,011; 6% cumulative preferred stock, ($100 par),
$3,508,300; common stock (no par), $8,800,950; susplus, $4,411,623;
surplus reserves, $66,796; 13,706 shares of common stock in
treasury,
Dr$215,751; total, $18,473,615.—V. 157, p. 686.
2442.
p.
common
(less
$695,095;
accrued
To
stock
owned by the company was authorized on June 30 by stockholders at
a special meeting.
The retirement decreased capital from $16,759,600
to $15,375,256.
The stock to be retired cost the company $883,953,
and the company's surplus
will therefore be increased by $500,000,
no-par
$141,384;
taxes
479,179
$628,000
Street,
(trade),
$348,830;
accounts
payable
dividend, $128,588;
income
and
excess
contingencies,
the
Alpha Portland Cement Co.—Stock Retired—
The
(other),
profits
$2,005,886),
1,661,365
payable
.
in 1942.
"
New York, 11 Broad
and
Liabilities—Accounts
I'
"
The
This
corporation, it is announced, is establishing a new research
laboratory at Morristown, N. J.
The
company plans ultimately to erect a large modern research
building on property near Morristown acquired for that purpose late
1,820,368
$1 per share was recently declared on the common
value, payable June 30 to holders of record June 1.
with $3 per share paid on June 5, 1942, and $1 per
Dec.
on
,
of
receivable,
ferred
16,131
2,105,779
53,535
of
par
Continental
Assets—Cash, $2,851,825; marketable securities, $2,500,000; accounts
receivable, (U. S. Government), $815,674; accounts and notes receiv¬
able, trade, (less reserves for discounts, allowances and doubtful ac¬
counts
47,094
Armour & Co. of Delaware—Bonds
profits
excess
of
\
profits
Chemical
no
compares
due
Consolidated
41,726
2007.
p.
dividend
share
514,351
in
$1.74
$1,041,606
211,890
514,351
848,679
profits
excess
post-war
in
514,351
income
oper.
157,
stock,
t$928,347 t$l,433,679
210,700
211,422
year.
pref.
common
$330,893
Arkansas Western Gas Corp.—$1 Distribution—
289,463
300,000
on
$389,419
97,591
2,458,292
735,131
385,288
railway
from railway
$1,331,069
2,480,526
on
1940
$435,075
103,192
97,654
from
This
Net
1941
189,278
.
$3,708,874
taxes.
Divs.
1942
$541,073
railway
ry. oper. income
From January 1—
1,580,685
,
$1,546,544
23,985
'
charges)
1943
from
railway
Net
$3,324,172
"
,
(after de-
income
for
taxes
1940
$892,472
306,079
167,367-
$1,689,651
897,863
220,222
$2,067,366
1,018,868
_
Net
from
Net
1,547,922
12,695
♦Indues
1941V
1942
1943
May—
$2,998,431
,
1,624,718
RR.—Earnings
May—
contingencies
for
Prov.
Alabama Great Southern 11R.—Earnings—
Gross
Ann Arbor
1940
:
$3,094,466
gen..
Operating income
Non-oper. income (less
Divs.
Net
$4,948,890
1,284,055
preciation
on
1941
Gross
Co.—10-Cent Dividend—
1 paid a dividend of 10 cents per share on
stock, par $20, payable July 1 to holders of record June
17,
This compares with 20 cents paid on April 1, last.
Payments in
1942 were as follows: April 1, 10 cents; Juiy 1, 20 cents; Oct. 1, 10
cents; and Dec. 26, 30 cents.—V. 157, p. 1235.
company
1942
MISCELLANEOUS
-
Gross
__
Net income
common
(& Subs.)—Earnings-
1943
expense)
Alabama Fuel & Iron
The
the
INSURANCE
-
mfg.
expenses
1,875,156
2006.
p.
from
Selling, admin, and
1—'at.
from
railway
from
railway
ry. oper.
income—
Net
$281,725
93,685
51,992
182,279
railway—:—
Jan.
1940
$185,535
$400,254
railway
Years End. Apr. 30—
1941
1942
1943
r
oper.
ry.
From
Gross
•
:,:
INDUSTRIAL
-
American Fork & Hoe Co.
Ry,—Earnings-
Akron Canton & Youngstown
May—
PUBLIC UTILITY
-
5,455,000
named Secre¬
the Newport Rolling Mill
Net
ry.
oper,
—V. 157, p.
income
2142.
$1,611,773
$2,623,216
$9,223,170 $10,306,659
V
4--.1
.
•y.VAj.f'.f;*
THE COMMERCIAL & FINANCIAL CHRONICLE
82
RR.—Earnings—
Atlanta & West Point
'
May—~
Gross from
Net
oper.
ry.
1—**•
Prom Jan.
Gross
from
from
Net
■
,
'
,
,
at
purpose
$102.50
LL
agents,
$4.25 cumulative preferred
Company has made application to list the
stock on the New York Stock Exchange.
*
769,885
96,651
21,945
241,939
redeemable for this
is
Continental Illinois National Bank &> Trust Co..
Chicago, and Guaranty Trust Co. of New York; registrars, City "National
Bank & Trust Co. of Chicago, and Chase National Bank of New York.
Transfer
11,381
939,809
478,294
962,770 ;v
stock
plus accrued, unpaid dividends.
1940
$146,665
10,758
-
1,379,866
2,121,820
railway
railway
»
■
preferred
cumulative
'
.
1941 •
$191,257
41,287
4,680
1942
$316,823
129,295
51,798
1943
$425,940
182,307
38,973
• ,">
railway--!.railway
income
from
Net
'
Monday, June 28, 1943
Baltimore & Ohio RR. Co.—Tenders for
Bonds and Notes
President R.
and
notes
assigned
covered
to
by
tenders
accepted
of
the
proposes to effect the retirement of all of its
shares of $5 cumulative preferred stock by means
like
of
of
shares
$4.25
cumulative
number
.
Effect
Giving
After
of Feb.
(as
<& Subs.)—-Annual ReEnded April 80 "
Interest
$1,707,592
$1,684,555
1,478,961
1,633,421
1,776,933
.40,475
45,735
sale
on
taxes
4,856
3,913
53,000
'(net)
profit
0222
4
794
t$252
t$93,726
fLoss.
company.
and
and
accounts
$683,087;
hand,
on
note
leserve of $156,802), $1,687,469; inventories,
receivables,
$1,567;
property,
plant and
(less reserve for depreciation of $215,657), $73,159; deferred
receivable
(less
(trade),
miscellaneous
$2,634,985;
equipment
Liabilities—Bank
(trade), $554,-
accounts payable
$1,190,000;
loans,
total, 5,158,605.
$29,984;
other assets,
$48,354;
charges,
banks
in
1943
Balance Sheet, April 80,
Consolidated
Assets—Cash
;
$126,173
accrued liabilities, $894,551; special deposits, $33,389; other
counts, payable, $6,460; reserve for advertising, $55,000; reserve
ac¬
671;
for
contingencies, $100,000; 5% cumulative prior A stock (28,039 no par
shares), $841,170; common stock (125,651 no par shares), $125,651;
preferred stock ($100 par), $19,100; contributed sur¬
$552,856; appropriated surplus for and
purchase of prior A stock for sinking fund, $408,600;
earned surplus, $377,157; total, $5,158,605.—V. 157, p. 2444.
7%
cumulative
plus
change during year),
(no
of
arising out
Aviation Corp.
Subs.)—Semi-annual Report—
(&
manufacturing operations alone showed some im¬
provement," President Victor Emanual stated, "as a result of the
much larger volume of business.
However, the consolidated profit and
loss statement shows a decrease in net income which is due in part
from
"Earnings
to
larger
half of
308,
®|
with
of
as
similar profit for the period now reported,
no
well as
as
year."
Net
29,804,978
13,112,192
$7,975,814
$4,311,104
1,243,508
the same name incorporated in 1898 in Nebraska.
The
originally founded as a partnership in 1891 at Beatrice,
•,.*
Cold
Produce Department,
'.
income
Expenses
$5,554,612
Federal
income
Federal
excess
profits
taxes.-
profit
the
of
Stone &
-
$1,159,983
&
Trust
1942
of
9,000
of
Act
8,000
provision
ridge & Co. _____—__—
Maynard H. Murch & Co._
Kirkpatrick-Pettis Co.
Burns, Potter & Co
5,000
5,000
sales
administrative
Net
—V.
surtaxes
from
$1,208,227
$3.16
1943—5 Mos.—1942
$3,945,891 $20,488,450 $18,699,452
1,938,042
___
1,852,768
■"Interest received
8,832,182
9,254,029
for
deprec. & amort.)
157, p. 2144.
$2,384,032
1943
and
directors
stock,
no
15
distribution
ferred stock
of
80
July 1,
on
cents
1942;
dividend
a
the
on
$1.60
Accounts
of
cents
80
share
per
on
record
July
2.
class A
Dividend
on
the
per share.
share
per
made
also
155,
receivable
Creamery
Co.—Preferred
Other
assets
buildings
Real
estate
Public
stock
had
their
shares
basis.
the
privilege, since expired,
for
The
the
holders
stock
new
on
a
of exchanging
share
for
share
of
receivable—_—
296,439
Dr677,031
520,193
12,352,536
Total
>
(less deprec.)-
116,636
.
—
Accrued
—
—
for State
for
social
Provision
for
Federal
thereafter
$102.50
in
on
share; plus
liquidation to
per
voluntary
and
and
or
prior to July 1, 1952; and thereafter
dividends.
Preferred over common stock
extent
of
then
involuntary liquidation to extent
applicable
of
$100
per
redemption
share,
at
in
price
Federal taxes
for
both plus
dividends.
Within
stock
fiscal year
thereafter the
redemption
30%
of
company
days after the close of the current fiscal
the
of
$4.25
excess
over
company
cumulative
of
$750,000,
preferred
consolidated
but
not
in
net
stock
income
excess
of
an
(as
and each
year
is required to apply to
purchase or
amount
equal
defined)
$200,000.
of
The
to
the
$4.25
31,541,355
22,480,795
12,807,588
13,070,^88
2,847,869
18,733,767
9,410,407
Sour Lake
L,
railway.
1940
$571,585
$271,202
424,744
120,471
283,858
184,879
116,542
$205,724
75,457
59,370
25,200
4,061,941
1,388,024
1,287,284
608,757
598,619
304,734
310,716
railway——.
1,964,662
2,755,141
1,465,455
income—
506,577
1,019,034
railway
2143.
p.
have
called
been
for
as
sales
phasized
compared
no
by E.
*$0.33
$0.69
the
3
months
ended
with $22,544,641 for
Federal
income
and
31,
May
excess
•
.
total
Increased, Etc.—
J
from
that
in
the
six
:
L
increased approximately 2V2
ended Mar. 31, 1942,' to
sales
months
the same period this year, Mr. Breech termed it only
developments should be made now.
$417,812,580 in
that
these
under
the
natural
"For
the company's
$170,420,270
pressure of wartime needs for constantly improved
he said,
"scientific and industrial progress that
result from the endeavors of many years is being
crowded into the span of a few months."
? ;
Citing the fact that Bendix is primarily an engineering corporation,
though one of the country's large volume producers of instruments
and equipment used by many industries, Mr. Breech said that a com¬
plete and fully equipped research and engineering organization is
materials,"
war
would
normally
maintained.
being
the
fact
continued
for
demand
the
from
of
idea
Some
wartime
the
necessitated by the mounting
he said, may be gained
expansion
company's products,
total current
that
have increased to
assets
$354,997,883
1943, from $136,062,494 a year previous.
Current liabil¬
$317,024,697 this year compared with
$105,002,905 a year ago.
Total assets have risen from $159,564,302
a
year ago to $379,985,306 at March 31, 1943.
on
March 31,
ities
likewise,
said,
he
were
the
at
the armed forces during May of enough aircraft engine
10,000 warplanes set a new monthly production record
Eclipse-Pioneer
division of Bendix Aviation
announced on June 22.
.
Xr
Corp.,
Kenneth
General Manager,
McGrath,
aircraft starters doubled that of the same
month a
Mr. MacGrath stated, "and total deliveries, of
all types of aircraft equipment and instruments from this division's
plants and sub-contractors reached an all-time high last month."
He further
stated that airplane starter output for the first five
months
of
production
year
ago,"
"May's
of
1943
that of
double
was
period last year
1941.—V. 157, p. 2444.
corresponding
a
1942 record doubled that of
and that the
Bessemer & Lake Erie RR.—Earnings—
railway——
ry.
profits
railway_u
from
Net
oper.
from
from
1940
1941
$2,263,111
1,435,177
1,090,666
$1,881,180
419,163
$2,455,205
1,386,395
578,773
6,059,138
7,117,629
6,609,447
4,620,^196
*202,987
1,760,300
2,885,578
1,431,708
*18,066
1,133,286
2,360,431
1,203,971
$2,077,824
715,114
income—
From January 1—
Net
1942
1943
from
Net
1,124,512
916,^95
;
railway-
railway——
ry. oper. income—
"Deficit.—V.
157, pp.
2143.
2037,
Blaw-Knox Co.—War Contract Refund to be
ooo—
The
company
settlement of
result
.
-
of
*
;
will
refund
:
'
$4,500,000
."
.
to the Government
its war contracts for all periods to Dec.
renegotiation
between
the
company
$4,500,-
and
31, 1942,-.
the
>,
this year
Navy
as
a
Price
Adjustment Board.•
This amount is $2,000,000 in excess of the $2,500,000 set aside as a
reserve
for renegotiation of Government contracts in the last annual
were
of last
profits amounted to $1,425,718, equivalent after all deductions to $1.07
1943,
•
<
taxes
•••/
for
quarter ended May 31 totaled $899,800 in 1943 and $818,000 in
V. 157, p. 2444.
a
report.
Approximately 72% of this additional $2,000,000 has been
charged to the reserve for Federal income and excess profits taxes
provided last year, and the balance has been charged to the reserve
for war and post-war adjustments.
■
*
There is no
change in the reported earnings for 1942, when net
*$3.28
$3.52
the same period
•
for
1943
promise for
business in the post-war period were em¬
Breech, President, in a message to stockholders on
R.
Pointing out
times
value.
par
year.
Provision
1,
30.
June
9,131,700
9,546,650
4,692,655
87,513
.
for
of Aug.
added
and
employment
5.416
V1 ■
Net
as
developments by this corporation which hold great
Net
Earnings for Period Ended May 31 (Incl. Subs.)
1943—3 Mos.—1942
1943—12 Mos.—1942
chgs.
taxes
_i".$376,891
*$240,779
$1,801,106 *$1,711,298
"Adjusted.
redemption
Bendix Aviation Corp.—Sales
New
$26,741,460 $25,472,175
share-
;■£>'
1941
$28,000 first closed mortgage 5% sinking fund bonds due Dec, 1,
1949, at 101 and interest,
Payment will be made at the Trust Company
of North America, trustee, 115 Broadway, New York, N. Y.—V. 157, p. 7.
961,650
-60,473
Net profit after all
com.
—Earnings—
1942
.
Bedford Pulp & Paper Co., Inc.—Bonds Called—
There
Gross
83,239
.
& Western Ry.
1943
$820,174
.
of
in
(2)
5,451,240
2,603,371
4,014,415
—
opeL
157,
68,372
<- 30,426
9,546,650
—
$28,305,256
6,521,800
oper.
ry.
239,467
5,237,419
surplus
Notes—(1)
120
996,624
2,507,385
.
from
$587,337
60,515
56,878
surplus
per
665,239
for
charges
from
Gross
64,438
39,350
capital stock taxes—
"Represented by 381,866 shares,
and
94,694
2,689,254
from
available
from
249,195
—
security taxes.
income
Total
Earns,
23,477,419
157, p. 2143.
1,413,201
and local taxes
per
share
32,206,594
327,240
Capital
is
475,507
5,545,934
152,922
deducts,
income
$818,342
98,447
:
wages
"Common
511,447
6,674,722
1
charges
Gross
Provision
Earned
645,809
20,788,165
railway
income—
From January 1—
$26,741,460 $25,472,175
—
Provision
*Provision
745,077
29,570,422
2,636,172
May—
payable
Deferred
185,182
5,070,427
from
Liabilities—
Accounts
140,151
income
ry,
123,696
261,185
—
—
J'
6,163,275
income-
ry.
Net
12,462,079
•;
equipment
sale
offered publicly.
stock
17,722,011 .10,523,868
2,435,820
1,785,791
Net
3,538,666
489,910
Minority interest in capital and surplus of subs. :2,600
$5 cumulative preferred stock
9,131,700
Preferred
50,473,330
3,297,991
563,310
Beaumont
Dr547,997
74,724 shares of 5% preferred
stock accepted the exchange offer,
leaving a total of
16,593 shares unexchanged and which are now being
entitled to dividends at rate of $4.25
per share
annum cumulative from July 1,
1943, payable quarterly January,
April, July and October.
Redeemable all or part at any time on 30
days' notice at $105.50 per share on or prior to July 1, 1946; at $104.50
per share thereafter and
on
or
prior to July 1, 1949; $103.50 per
33,743,633
9,116,910
728,069
tax
May—
658,500
—
accounts
.
and
for
charges
Offered—
Stock
2,771,958
starters to equip
5,871,361
and contracts
doubtful
Land,
pre¬
offering was made June 29 by an underwriting
group headed by Glore, Forgan & Co. of the unex¬
changed portion of 91,317 shares of new $4.25 cumulative
preferred stock (no par) at $102.50 per share. Holders
of the company's presently
outstanding $5 preferred
3,357,064
3,652,835
-V.
$3,759,571
3,669,178
991,333
542,293
notes
for
Deferred
Beatrice
615,453
2,285,901
10,684,330
Net
1942
3,849,527
____
receivable
Provision
1828.
p.
1,070,283
655,974
expenses
Delivery to
1943
'
•
Inventories
v
was
since.—V.
none
39,052,785
1,280.172.
Surpasses Aircraft Starter Production Marks—
'
Equipment
cumulative participating
to holders of
45,212,643
234,132
fixed
Sheet, Feb. 28
$3,608,322
Notes
declared
payable July
will amount to $19
arrearages
A
have
accumulations
par,
8,111,312
255,513
accruals-
Fixed
included in sales, amounted to $50,064
Consolidated Balance
Assets—
'
(W. D.) Beath & Son, Ltd.—Accrued Dividend—
account of
9,364,495
—_
operations,
Income
preferred
on
Cash
The
486,496
income
$53,763 for 1942.
$9,867,270
$2,093,123 $11,234,421
9,364,141
25,733,663
462,568
—:
Miscell.
loans to customers by public cold storage ware¬
on
house branches and subsidiaries,
(before
earnings
114,022,364
145,320,071
15,664.502
Total
$1,413,020
$3.70
preferred
on
1943- -5 Mos.—1942
$
27,097,655
2,234,705
oper.
Other income
$2,771,682'
856,650
profit after preferred dividends——_
Earnings per share on common——
—
paid
year
for
5,199,781
rev.
Net
244
by minority interests
New
rents (net)_
facil, rents (net)
Jt.
244,975
:
-
by
from ry. oper.
Net
68,37i
stock of company
for
requirements
held
Date
1943—Month—1942
Equipment
182
456,585
—
profit-,
of subsidiary held
be
2,213,008
Railway
41,996
182
456,585
Dividend
would
3,537,918
5,544,262
General
$1,869,788
Dividends
1943—Month—1942
$4,322,074
oper.
expenses
'
$1,664,994
net
notes
and
for collateral purposes and
sinking fund from time to time.
Ltd.,
25,977,092
Miscell.
45,000
profits taxes
Minority interest in net profits—
Consolidated
bonds
Co.,
Ohio
30,505,060
Transportation
$2,526,707
764,400
I
,
of excess
35,000
revenues—
Traffic
" 646,861?
321,692
258,635
863,827
2,534,670
Cr253,467
taxes
refund
Net
Period End. May 31—
Net
and
profits
Post-war
321,000
1995——.
first 4s, 1998—
of way & struct.
of equipment!—
Maint.
7,068,678
2,591,897
1,170,662
$4,710,597
income
Excess
131,100
219,000
"
222,725
income
Normal
the
Terminal
Baltimore and
oper.
—V.
1,280,522
——
—
income
Total
—Earnings—
earns,
&
that
out
the
Maint.
1,773,473
17,164
86,949
7,904,587
2,995,666
(pther income
stock
Gross
860,322
expense
expense—<■
depreciation—
269,900
—
1990—„————
1st 4s,
:'L
1,000
$4,487,872
for
1963
Pittsburgh 4s,
Transit
to
Ry.
67,851,642
80,141,887
VL''-;
2,606,512
516,237
450,249
premiums—
annuity
selling and delivery
Provision
(& Subs.)
17,600
3,757,000
1957^
Earnings for May and Year to
1,500
,
—
Other
including
New York Shipbuilding
Corp. and American Central Manufacturing
Corp., or of other companies in which it has large investments, Con¬
solidated Vultee Aircraft Corp., American Airlines, Inc., Pan American
Airways Corp. and Roosevelt Field, Inc.—V. 156, p. 1938.
13,000
_J^._
1950—
mortgage 4Vis,
Period End. May 31-
fol¬
expenses
__i_
Other
include the corporation's equity
4,727,000
1949
5s,
5s,
Susquehanna 1st 4s,
first 5s, 1965
pointed
sale
$101,627,726 $85,184,446
of
——
Interest
Retirement
post-war
10,796,750
$68,520,350
Net
279,760
Taxes
audit.
Brazilian Traction, Light & Power Co., Ltd.
2,500
2,500
earnings—exclud-
storage
(including
of
Rent
in the undistributed earnings of subsidiaries not consolidated,
Operating
He
York
1942
1943
""
Insurance
$662,234
$0.11
7,610,000
1996.
Total
Statement
Advertising
for
first
first
Allegheny & Western Railway
Bosworth, Chanute, Lough-
Repairs and maintenance (incl. milk bottle replacements and case and can maintenance)—
report is subject to adjustments which may
The consolidated earnings do not
(3)
&
Gross
5,000
5,000
(Inc.)
inter-company sales)
sales (excl. portions
lowing)
renegotiation of contract price, enactment of 1943 Revenue
and year-end
I.
2,500
—___
$2,478,291
$0.43
tlncludes
Act.
Revenue
above earnings
result from
consolidated
P.
&
West Virginia &
3,000
3,000
3,000
3,000
ing
1942.
The
Frozen
Bacon, Whipple & Co
Blair, Bonner & Co
Farwell, Chapman & Co.__
G. H. Walker & Co.
9,000
Corp__—
Higginson Corp.
Cost
fAfter post-war tax refund of $469,000.
Notes—(1) Depreciation and amortization of fixed assets was pro¬
vided during the period in the amount of $528,379 in 1943 and $402,982
(2)
R.
Net
readjustment of $609,000.
in
B.
Charlotte
&
—Li
2000_—
1944
notes,
Little Kanawha
5,781,500
.
Years Ended Feb. 28—
1,318,308
—
and general D 5s,
4%
Park
&
r
Boettcher & Co.___
Co
Co.
The Wisconsin Co,
$662,234
Net profit
-$1^02,164
Earnings per common share
$0.33
basis
refunding
Lincoln
Shares
14,317
9,000
Co._
Securities
First
Lee
*
"On
and
privilege of exchange:
Lincoln
554,449
44,345
273,979
of secur,
sales
on
___
——
____
1,087,132
207,497
*1,000,000
*2,100,000
$1,902,164
taxes
Profit
Extraord.
1,315,450
1864,565
593,000
$4,225,000
—
etc.
discounts,
O.
Ohio
at
Kebbon, McCormick & Co,_
$1,535,007
.'
—._^___
—
Interest,
Division,
Storage
,
maintained
are
Hutton
E.
The
Net
Total
&
Cleveland Terminal & Valley
Consolidated Income
__
_
B.
in
11,011,000
—
.L
W.
138,257
$8,900,179
-
income
1995
Incorporated
was
956,500
1995
refunding and general C 6s,
&
$1,396,750
924,365
;
profit
Operating
Other
refunding and general A 5s,
refunding and general F 5s,
Central Republic Co.
$37,780,792 $17,423,296
sales
of
O.
secured
Mellon
1941
$6,502,039
5,105,289
1942
1943
31—
sales
Cost
&
<fc O.
750,000 shs. ' 381,866 shs.
_______
7,607,000
3,723,000
1959-.^
B.
Buffalo
W.
a
.
6 Months Ended May
4s,
Div.
C.
compared with a provision of $330,000 for the corresponding period
last
Toledo-Cincinnati
O.
5,072,500
1951_~.^I_
O.
Glore, Forgan & Co.___
dividend income. Moreover, for the first half
provision for post-war readjustment of $609,000,
a
was
&
$6,471,500
1950
O.
Hayden,
$349,277 in
there
1943
5s,
B. & O. P. L. E. & W. Va. Sys. 4s,
B.
Shares
provisions, and to the fact that income for the first
included profit on sale of securities amounting to $1,318,-
of
decrease
first
&
exercise
tax
1942
.
Div.
91,317 shs.
strategic points in the following States:
Iowa, Kansas, Kentucky/ Maryland, Michi¬
gan, Missouri, Montana, Nebraska, New York, Ohio, Oklahoma, Penn¬
sylvania, South Dakota, and Wisconsin, and in the District of Columbia.
Company operates its own sales offices in many of the large con¬
suming centers of the United States.
Company purchases its supplies of raw materials, principally fluid
milk, milk fats, eggs and poultry, directly or indirectly from the
farmer.
The bulk of such purchases are made from, farmers' coopera¬
tive organizations.
Distribution of the company's products is made
to institutional buyers, to grocery and other retail stores (including
certain of the national chain stores), and, in the case of home deliv¬
eries, to consumers.
Sales to national, chain stores do not represent a
major portion of the company's business.
.L.
The dairy products of the company and its subsidiaries are marketed
for the most part under the trade name "Meadow Gold" or "Blue
Valley."
The principal frozen food items distributed are those of ,the
"Birds Eye" line and are marketed under that trade name.
Underwriting Arrangements—There is no firm commitment to pur¬
chase any of the shares of $4.25 cumulative preferred stock.
Company has entered into an underwriting agreement with the un¬
derwriters whereby such underwriters have severally agreed to purchase
severally from the company at $100 per share, plus dividends from
July 1, 1943, to the date of delivery, in the percentages yhich the
number of shares set opposite their respective names bear to 91,317,
such part of the $4.25 cumulative preferred
stock as shall not be
delivered or required for delivery to stockholders as a result of the
2,996
0866
$544,992
.:
subsidiary
■"Of
Southwestern
Colorado, Illinois, Indiana,
—-4
Net
O.
&
Plants
*
-
&
•
B.
Department,
retire¬
or
19<8.___
mortgage 4s,
Outstanding
Food Division.
*907
capital assets
ment of
first
_
91,317 shs.
milk,
42,722
9,849
525,000
:
Prov. for Fed. inc.
Loss
22,345
7,237
i
Depreciation
O.
dried milk and cheese, the distribution of milk, eggs, frozen
foods, oleomargarine and other specialty food products, the operation
of tcold storage plants, and in practically every branch of the dairy
industry.
Operations are divided into the following major classifica¬
tions:
Creamery Butter Department,
Ice Cream Department, Milk
$1,733,747
1,641,760
expenses
gen.
&
Company and its subsidiaries are at present engaged principally in
the manufacture and sale of butter, ice cream, condensed 'milk, butter¬
1940
$1,711,402
$2,754,428
'
-
1941'
$1,679,368
5,187
35,661
income
Total
1942
$1,691,178
10,414
1948
B.
Nebraska.
1943
Selling &
to Present
first mortgage Oc.
Delaware
company of
business was
'
1943)
20,
ness
f, port—
l
Business—Company
and
and
the
Ohio
Purchased
O.
1924, as successor to a company of the same title and busi¬
incorporated in Iowa in 1905, which itself was successor to a
History
$2,700,308
54,120
System bonds
and
consisted of
-
,
&
P.
stock (no par)__
stock ($25 par);
Common
Nov.
Consolidated Income Account,' years
Ltd.,
Princ. Amt.
Issue—
Authorized
cumulative preferred
$4.25
156, p. 2033.
profit from sales
Inc. from other sources
28,
Financing
A dividend of 50 cents per share has been declared on the common
stock, par $5, payable July 15 to holders of record July 7. Distribu¬
tions of like amount were made on June 15 and Dec. 21, last year.
Gross
pre¬
B.
B.
a
!■...,
-
Capitalization,
Co.—50-Cent Dividend—
of
issuance
stock.
ferred
Austin, Nichols & Co., Inc.
Co.,
following:
;
—V.
the
Purpose—Company
outstanding 91,317
,
Atlas Drop Forge
that
Baltimore
by
Terminal
&
B.
ry .oper. income
■"Deficit.—V. 157, p.
65,071
165,253
7 206,199
2344.
Net
announced
28
June
on
York Transit
New
$68,520,350 of
Accepted—
White
B.
,
the
1942.—
L.L
a
share
effect
is
to
on
the
annual
1,334,458 shares of capital stock.
However, after giving
renegotiation refund, the company's net working capital
which is $610,000 less than the $9,247,769 shown in the
report.—V. 157, p. 2211.
LL:L> '-y •
$8,637,769,
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4189
157
able,
/ Bobbs-Merrill Co.—Resumes Dividend—
15,
The
\
the
common,stock,
this
on
issue
declared
no
50
was
The directors
•
,
have
directors
cents
also
of
holders
record
25
on
per
The
of
surplus,
$1.12y2
preferred stock, par $100, payable, Jyly
22.—-V. 156, p. 1146.
June
Boston Edison Co.—Output Up
.
;
directors
capital
Aug.
14.9%—
'
20.
Gross
1943
.
Net
ry.
for
roads
leased
3,761
——
255,308
Interest
312,082
Excess
-V.
of
items
—
__—
receipts over
Mass.
480,049
33,291
*40,515
*55,612
$9
B.
&
has been
M.
the
B.
(•
?
pronosed
M.
&
the
would
transaction
fixed
net
Gross
Net
Net
promote
charges.
May 31—
"Operating
expenses
oper.
with
facil.
;
$2,444,143
$11,542,097 $10,032,570
889,828
4,641,994
237,268
280,359
1,297,192
$1.7792
due
share
per
Feb.
1,
22,460
11,679
123,037
$1,109,515
$1,262,277
$5,479,874
$4,911,476
104,256
529,494
565,970
$1,220,050
income-
$1,366,533
420,663
$6,009,368
1,848,264
$5,477,446
1,995,772
367,336
Deducts., rents, int., etc.
1942
1941
1940
$168,106
$178,825
$108,516
74,740
85,487
16,212
58,218
79,395
54,422
$852,714
$945,870
865,758
686,344
630,351
285,505
406,454
242,870
249,649
income.—
199,429
356,893
328,950
Net
President,
Brown,
for-the
company
July
on
value
par
155,
The
3
paid
cents
dividend
a
stock
common
37 y2
has
been
alcohol
operating
the
for
at
30,
100%
capacity
Government.
1943,
to
of
holders
share
per
General
paid
30
of
cents
record
June
on
Investments,
production
the
on
Notwithstanding
the
industrial
of
heavy
production
continuous
and
operation at capacity, plants and equipment were
carefully maintained to meet every requirement of production for the
and to resume the production of beverage spirits with
efficiency when it is possible to resume such production,
Government
maximum
have
We
recently effected a very satisfactory agreement with our
whereby the corporation secured a term credit up to $4,000,000
payable in the amounts of $875,000 each on July 1, 1944, 1945 and 1946
respectively, and the remainder of $1,375,000 July 1, 1947.
Giving
of
the
on
record
cents
have
capital
June
30.
share
per
paid
year,
share
per
June
26
the
this
to
agreement
ratio
current
is
as
of
of
3.28
the
assets
balance
sheet
date
April 30,
quarterly
a
value,
par
the
dividend
payable
company
each
quarter,
and,
dividend of 12 y2
extra
an
declared
stock, no
Previously,
MayNet
on
Dec.
18,
ment
Consolidated
Income
Account, Years
of
July
paid
15
cents
15
to
per
holders
dividends
of
12 y2
addition, on April 15,
cents.—V. 157, p. 1144.
this
in
1943
Net
sales
of
Cost
1942
1941
1940
$128,700
$180,871
.1941
59,898
4,578,866
$1,590,955
$4,569,378
Other
$1,902,079
13,497
6,781
12,589
operating income
Gross
Sell.,
$2,544,802
the
profit
adm. & gen.
credits
Income
$4,582,875
$2,551,582
$1,914,668
$1,611,335
2,234,281
1,689,860
1,418,590
1,279,917
exps.
$2,348,594
19,374
—_—
$861,722
$496,078
17,240
4,828
$331,418
r
6,861
$2,367,969
allowed
Discount
&
$878,962
$500,906
$338,279
266,015
211,038
.179,515
*97,285
*5,502
*12,213
1,113,600
789,842
Mr.
ry.
*202,016
138,305
135,222
7,761
*473,617
income...
oper.
"Deficit —V.
*287,875
189,787
,
Cr22,676"
♦317~000.
1,556,500
Net
profit
Divs.
pfd.
on
Earns,
sh.
per
$545,454
30,000
—
stock—.
on
com.
89^627
$350,924
30,'000
22,500
$0.93
$0.50
,
_—__
Net
ry.
* Includes
$148,000 excess profits taxes,
tlncludes Federal normal
(incl. declared value excess, profits tax of $39,500), $229,500;
Federal excess profits tax (less post-war refund of $145,500), $1,309,500
and State taxes of $17,500.
v«-Note—Provision
facilities)
included
in
the
depreciation
for
amounted
$92,649
to
above
earnings
in
ury
ful
on
hand
1943
and
amortization
$84,169
claims
and
and
is
Sheet,
$6,663,889;
accrued
receivable
and deposits, $52,585; accounts receivable,
$2,052; livestock,
$31,948; notes receivable,
-trade, $31,656; cash surrender value of life insurance, $138,828; post¬
war
refund
of Federal
excess
profits tax, $145,500; land, $199,557;
buildings and equipment (less allowance for depreciation of $544,063),
$1,296,861; prepaid insurance, and other deferred charges, $193,644;
brands and
employees,
trade-marks,
$1;
total, $10,718,899.
Liabilities—Notes payable,
$119,000; estimated amount due within a
contract payable for whisky purchased, $113,436; accounts
payable, trade and miscellaneous, $260,212; accrued salaries and wages,
commissions, taxes," interest, etc., $349,254; provision for Federal and
■year
State
on
taxes
contract
on
payable
income,
for
$1,808,848;
loans
whisky purchased,
payable,
$115,644;
banks,
mortgage
$3,437,412;
note
pay-
$100)
became
five
having the same
dividends, redemption
$20),
of
previously
outstanding
shares
of
V
stock
will
be
used
to
of
refunding thj? outstanding debentures and to aug¬
working capital of the company to handle more satis¬
of
business and to replenish the
treasury
heretofore made for additions to and improvements of
also
has
been
Celotex
a
have charge
157, p. 2445.
of
the
director
since
corporation's
March,
extensive
1942.
agricultural
$5,150,602
225,866
64,516
36,357
41,276
2,979,337
597,725
387,770
2,808,287
47,698
40,750
39,250
536,257
460,500
Other
taxes
taxes
Prop, retire,
of
Net
res. approp.
Other
Int., etc.,
Net
Divs.
104,295
92,506
13,081
Net
2,556,866
2,350,176
1,011,700
/ 2,070,437
1,622,885
867,874
636,500
Gross
463,727
Net
Net
ry.
852,744
791,092
654,667
ry.
to
1942
$114,945
$98,359
$95,009
*23,116
*29,645
*22,005
*57,221
*57,875
*49,933
588,802
557,406
535,406
507,666
*172,847
*100,801
*261,012
*28,660
20.190
238,050
240,751
$12,367
$953,661
$624,490
stock
for
the
period
*191,581
*191,581
1940
108,054
108,054
$516,436
Ry.—Earnings—
1943
'
from
railway
railway,,;
from
from
$1,775,103
726,684
477,880
696,269
577,379
334,901
36,070
10,338,282
8,449,693
6,719,273
6,007,710
2,740,145
2,116,808
793,193
3,904,726
1,977,893
1,372,767
74,756
income.,,
Power—Earnings—
1943—Month—1942
$1,338,057
revenues
Operation
878
power
Maintenance
84,737
for
of
bus
1943—12 Mos.—1942
$1,226,344 $16,569,168 $15,490,698
300,561
4,518,461
4,466,836
805
' 99,096
46,945
61,409
876,992
850,591
319,648
Purchased
176,729
2144.
Period End. May 31—
Prov.
1940
$1,363,233
A
15,478,122
railway,
p.
Operating
1941
$2,247,915
1,164,422
railway-—
oper.
157,
1942
$3,200,089
Net.ry. oper. income.,,
From January 1—
*54,520
*74,361
1941
$865,241
19,432
preferred
Central Maine
*35,799
10,180
^
$62,264
—
May—
Vermont—Earnings-
$108,522
from
Net
670
$1,191,711
$845,607
from
1,113,285
railway
railway—.
15
$32,557
157, p. 2345.
221,517
income
1943
from
197
Central of Georgia
Gross
railway..
Net ry. oper. income.._
From January 1—
Net
37,342
$855 061
deductions,,,
applic.
38,343
from
Gross
37,335
$1,191,041
$81,696
—_—
income
$216,984
railway
2,998
$32,542
(net)-,—
income
128,371
May—
from
3,132
$81,499
revenues
income
Gross
563,813
425,599
limited-term
oper.
$319,871
Canadian Pacific Lines in
Net
1943—12 Mos.—1942
$5,729,465
221,880
—V.
Gross
Co.—Earnings—
1943—Month—1942
expenses
Federal
$427,033
149,705
ry. oper. income
—V. 157, p. 2144.
replacement
157,
*352,018
2144.
p.
leased..,
16,363
11,789
138,045
104,979
Prov.
for
depreciation,
140,071
123,160
1,583,781
1,494,191
State
income...
oper.
-*Deficit.—V:
and
munic.
107,534
104,567
1,254,296
1,220,254
119,181
109,515
Social
Canadian
All
of
Pacific
Ry.—Bonds to be Redeemed—
of
Fed.
the
Montreal, 64 Wall Street, New York,
bank, in Montreal or Toronto, Canada.
N.
Y.,
or
at
the
of the call for redemption on Sept. 1, 1943, of its
outstanding 4V2% collateral trust bonds due Sept. 1,
1946, L. B. Unwin, Financial Vice-President, stated June
30 that the major portion of the funds
necessary to meet
pany
Rental
in
the
United
States.
The
issue
new
Traffic
—v.
earnings.,:
157,*p; 2445.
$4,810,000
:
revenues
___
$11,768,560
expenses
Revenue
—V.
;
683,168
174 693 283
1048.
p.
New
additional
issuance
Stock
shares
of
common
stock
(no
par)
the
on
listing of 63,341
official
notice
of
and
and
The
148,862
shares of 5%
stockholders,
and
sale
for
956,385
1,047,556
67,312
916,633
496,638
$276,199
$3,429,453
111,820
141,430
1,564,094
$3,235,738
1,697,155
require..
2345.
May—
Jersey—Earnings—
1943
from
Net
from
Net
ry.
railway....
from
1940
$3,559,727
$2,837,866
1,746,593
1,102,356
613,250
865,529
881,774
;V'
609,256
68,664
■:\
26,265,378
7,631,686
railway
income—
oper.
157,
1941
$4,991,162
1,839,600
income—
oper.
1942
$5,579,193
railway
22,133,785
16,313,975
14,391,707
6,678,409
4,030,314
3,365,539
3,006,331
2,956,529
1,035,476
414,799
2445.
p.
Central Vermont Public Service
Period End. May 31—
revenues
Operation
——
at
a
cash
special
of
cumulative
meeting
63,841
shares
preferred stock
June
of
18,
($20
approved
common
stock
50,735
606,341
587,805
42,374
61,132
838,864
872,088
10,161
11,033
111,120
for
107,702
deprec-
and
munic.
$2,994,686
$2,774,187
16,081
taxes—
16,138
193,110
263,342
17,256
taxes
15,373
181,619
169,458
'
'
'
.
'
-
(Fed.
Fed.
and
income
State)—
A
tax
1,430
15,001
18,182
4,450
4,632
53,711
64,108
$90,152
$62,575
$994,920
$691,502
193
124
280
864
$90,345
$62,699
$995,200
$692,366
35,988
438.162
352,341
27,000
7,700
210,000
138,400
$27,884
other
1,223
35,461
taxes,
$19,011
$347,038
$201,625
18,928
18,928
227,136
227,136
than
....
par).
issu¬
the
at
$223,048
50,144
—
security
1943—12 Mos.—1942
$231,841
power
State
Social
Corp.—Earnings—
1943—Month—1942
Operating
Prov.
Exchange has authorized
the sale thereof for
cash, and 148,862 shares of 5%
preferred stock (par $20) in exchange for
outstanding pre¬
ferred, making the total amount applied for 769,650 shares of common
ance
2,303,678
69,538
69,916
Central RR. of New
Maintenance
cumulative
stock
168,430
$6,754,819
1,974,887
$268,052
div.
157,
Purchased
Corp.—Listing of Stocks—
York
$7,606,149
74,097
income
p.
950,595
.
—.
passengers
157,
$581,479
profits tax,
Preferred
2,560,153
Depreciation
income
130,137
$627,064
7,270,681
Taxes
Net
$6,624,682
123,704
(normal &
—V.
—V.
$7,482,445
10,046
—
excess
Net ry.
31, 1943
_
$571,433
9,475
income,'
From January 1—
from railway
Earnings for the Five Months Ended May
Operating
Operating
209,725
214,999
tax
surtax)
Net
211,205
$617,589
income—
Gross
Capital Transit Co.—Earnings—
362,980
17,477
Portland
income
Fed. inc.
Net
285,666
17,860
oper.
Gross
Fed.
9,456
25,687
lease
Gross
1942
$5,602,000
10,057
23,320
than
tax
Deductions
serially
$900,000 each six months for ten years.
1943
taxes—
other
Non-operating
matures
Week End. June 21—
taxes
State),,—
under
RR.
the
redemption had been provided by the>„, issuance of
$18,000,000 of 3% equipment trust certificates dated
April 1, 1943, which certificates had been sold privately
&
taxes
income
office
Sells $18,000,000 Equipment Trust Certificates Private¬
ly—In connection with the announcement by the Com¬
prop,
Secur.
(Fed.
the
1,
The
$1,079,074; U. S. Treas¬
(less allowance for doubt¬
(par
(par
total
Operating
1940
Net
April 30, 1943
and demand deposits,
certificates, $30,000; receivables (trade)
of $42,194), $853,302;
inventories,
storage,
1942,
defense
stock
stock
same
$406,448
278,107
railway
railway
Celotex
receivables
.officers
in
of
the
$431,316
Maine—Earnings—
statement.
Consolidated Balance
>.<(Assets—Gash
(including
preferred
preferred
Balance
January 1—
*
and surtax
outstanding.
revenues
$624,440
from
from
,
$0.34
be
Central Arizona Light & Power
1941
railway
railway.-.-:
oper.
From
Gross
Net
$185,542
,
cumulative
Period End. May 31—
1942
from
from
46,034
$231,764
cost
cash
will
1943
Net
,
thereon
interest
will
*279,458
p."2038.
157,
in the amount of
v
5%
Christensen
He
709,753
January 1—
railway.!—
Net from railway—
129,380
in-
terest paid, etc.——
Processing tax refund &
,
deposit.
deposited
L. Christensen, dean of the
University of Wisconsin College
Agriculture until his resignation June 25, on June 29 became Vicein charge of
post-war development of The Celotex Corp.
Net
20,380
v:
then
cumulative
interests.—V.
34,813
from
1940
$6,169,821
1948,
voting-
on
of the company
may be
application of 'the holder thereof
trustees, but the total number of
$170,629
*28,892
738,600
income
1942
*61,040
*119,866
railway—
railway
oper.
Bank
6,193,471
of
5%
the
Amort,
$152,300
from
Gross
of
$8,095,550
v.
$19,531,540 $11,202,098
14,962,162
8,657,297
.1———
sales
which
for expenditures
England—Earnings—
outstanding 20-year 4>/2% collateral trust gold bonds due
1946, have been called for redemption as of Sept. 1, 1943, at
100 V2 and interest.
Payment will be made either at the agency of the
Ended April 30
shares
plant facilities.
Quar¬
1943
from
Net ry.
Sept.
(Previously named The Brown-Forman Distillery Co.)
voting
investments
1943,
liabilities.
to
of
defray
This
29.
and
Ltd.—Larger
Canadian National Lines In New
banks
etfect
of
counsel
1,
of
Operating
May-
were
March
cumulative preferred stock (par $100) were
changed into 148,862»/a
of 5%
cumulative preferred stock (par $20), and this increase
the number of
outstanding preferred shares increased five-fold the
of
2092.
p.
directors
share
Gross
states:
April
ended
year
number
general
holders
\
Report—
$19,531,540, as
compared with $11,202,098 for the preceding year. Part of the increase
was
accounted
for by
the increased Federal withdrawal tax that
became effective Nov. 1, 1942.
A substantial portion of the increase,
however, was due to the' increase in sales of better quality brands. *«•
•,
v *
Net profit before Federal and State taxes on income increased from
$667,923 in the year ended April 30, 1942 to $2,101,954 in the year
ended April 30,
1943.
Net income for the year under review was
$545,454
as
compared
with $350,924 in
the
preceding year after
deducting Federal and State taxes on income.
-r Since Oct. 8,
1942, the company, in common with the industry,
sales
on
the
If such number of shares is deposited and if the entire 63,841
sold, 70,000 shares will constitute less than 10% of the
shares
share
—V.
Owsley
the
by
New Vice-President—
Canadian Pacific Lines in
Distillers Corp.—Annual
years
terminate
time
434,224
1942.—V.
6.''fr
Brown-Forman
the
upon
the
of
company; O
S Manand director of the
stock
common
trust
will
any
of
the
many
aggregate voting power of such class of stock,
The net proceeds from the sale of the common
2144.
p.
with
$3,481,674
$4,161,104
of
voting
factorily the increased volume
839,709
railway.^.—.
2037.
p.
at
evidencing 75%
consent
of
Comptroller
President
no
Net
income
157,
trust
terminated
sooner
director
Dallstream, for
29,772 V2
January 1—
railway^—.
From
h. Gross income
and
family,
shares
24,600
oper.
The
53,613
—
for
the
in
a
Vice-President,
total par value and entitled to
and liquidation price.
The
2211,
40,621
157,
and
are
shares
on
with
1943,
$150,571
from
Gross
(
157, p.
of
dividend
...
compares
-3,561,068
1,506,413
110,535
Net ry. oper.
i.
the
terly Dividend—
974,240
< Dr)
rents (Dr)_
rents
Other income
;
dividend
a
their
formed
families,
The entire proceeds from the sale of the stock will be received
by
the company.
The stockholders of the
company also authorized an amendment to
the certificate of
incorporation.
The effect of the amendment is that
improve¬
an
1943—5 Mos.—1942 ■
$6,421,272 $35,382,672 $29,802,354
3,977,129
23,840,575
19,769,784
$2,343,483
______
Equipment
;■
paid
5%.—V.
railway
Canadian
$7,082,649
4,739,166
revenue—
Taxes
t
1
represents
income...
ry.
the
v
•'
1943—Month—1942
revenues
Operating
i
holders
(A. S.) Campbell Co., Inc.—Smaller Distribution—
Earnings for May and Year to Date
i. Period End.
i
the
on
to
2
members' of
organization
Chris
1
«
share
in
from
—V.
capital structure."
* Zf'i
Net
which
railway..—
oper.
From
physical
its
of
Joint,
per
Aug.
1943
from
ry.
It told the Commis¬
the public interest by
the fixed .charges of the anplicant will be effected
J7 Net
$1.7719
payable
each
June
on
stock,
from
Net
properties of the Nashua & Lowell are later ac¬
quired," the Boston & Maine said, "a further and more direct savings
in
of
$100,
par
Include
other
immediate
voting trust, certificates to be originally issued are voting trust certif¬
icates calling for not to exceed 70,000 shares of common
stock of the
702,251
July 16.
This dividend represents the sum of accumulated
dividends due May L, 1943, together with $0.0219 accrued
May—
Net
'
ment
dividend
a
stock,
shall
or
person, Including his immediate
in excess of 2,500 shares.
that
President
shares
the
the
shares
thereon.
company
Gross
now payable to Nashua, &
Lowell stockholders from the annual rental and indirectly would reduce
"If
under
Cambria & Indiana RR.—Earnings-
enabling the*B. & M. to reclaim dividends
the
declared
No
purchase
advised
years
certificates
with
5%
;
approval,- to exercise:
rental of $72,000, equal
paying an annual
have
preferred
interest .thereon at
•
,
be
Additional
share, on Nashua & Lowell capital stock-
a
sion
record
•
The
directors
cumulative
to
and
many
may
trust
1—
railway
railway—,.
made
their
or
voting
28,340
*13,054
for
but
^522,632
69,992
The
an
option to purchase 500 shares of the Nashua <& Lowell stock at
$110 and- to make a similar offer to holders of the other outstanding
to
8,460
604,990
interest
Control—
.
'shares.
$101,913
33,881
476,586
Jan.
from
the above
The Boston1 & Maine said it intended, with ICC
/
$120,475
"2,818
and nnpaid
u
.
$109,788
116,803
benefit.
is
company, and Andrew J.
of the company.
Such
1940
J.,.
founders
sell,
1941
1,253,156
of
$171,149
,
:
June
1942
income—
oper.
from
The
company
'Lowell,
and
be
any'"trust
persons
voting trust has been formed, and
each person
purchasing such shares will be afforded an
opportunity
to deposit his shares"1' under such
voting trust, but shall not be obli¬
gated to do so.
The voting trustees consist of Bror
Dahlberg, one of
record
*8,910
7%
has asked the Interstate Commerce Commission for.
authority to acquire control of the Nashua & Lowell RR. Corp. through
the purchase of outstanding stock at $110 a share.
.
v
Nashua
& Lowell's
properties are operated under lease by the,
Boston & Maine.
The line extends 15 miles from Nashua, N,VH., to,
The
15
their
company
company.
157, p. 2143.
Boston & Maine RR.-rSeeks Nashua-Lowell
•
of,
for
be
The
(A. M.) Byers Co.—Accumulated Dividend—
6,193
*
f-
$261,645
of service.
cost
March
on
of
income
284,439
^Deficit,—V. 157, p: 2144. V,-;
v
99,497
—
—
Miscellaneous
C
1943
*
.
Net. ry. oper.
324,165
99,497
7,256
bonds
holders
to
will
and
organizations, shall include the executives thereof and
their immediate families, and
any trust or organization
permitted
on
17,194
235,783
on
made
15
share
per
*17,371
3,761
V
Subway and rapid transit line rentalsDividends
was
cents
71,968
Net
$2,777,185
1,717,837
218,798
250,277
Federal, state and municipal tax accruals
Rent
20
offer
such
formed
$287,315
■
„
.
railway
railway
from
Gross
,
1942
-
$3,276,206
2,086,380
——
1
of
payable Sept.
distribution
from
From
V
May—
«
"Total receipts .Total operating expenses
of
of business
the
"
of
value,
par
no
dividend
a
.
Boston Elevated Ry.—Earnings—
the
families,
benefit
case
157, p. 1805.
.
Net
Month
declared
similar
A
May—
■
•v
the
Burlington-Rock Island RR.- -Earnings-
e
-
,
have
stock,
15, last.—V.
'
For the preceding week output was 32,092,000 kwh.; an increase of
12.0 % over the corresponding week last year.—V. 157, p. 2444.
.
immediate
will
The
kilowatt hours available for its
territory: for, the week ended June 26, 1943, «s 32,714,000 as compared
with" 28,463,000 for the Week ended June 27, 1942, an increase of
'
total,
whom
to
sons
($1 par), $280,000; capital surplus,
$1,843,604;
' This company reports the number of
14.9%.
(maturing $33,000 each on July
$165,000; preferred stock'lno par), $l,50tf,$716,491; earned
$10,718,899.—V. 157, p. 2211.
mortgage notes payable
1950 inclusive),
Buckeye Pipe Line Co.—20-Cent Dividend—
I to
the
,
$10,000;
1946 to
000; common stock
members
quarterly, dividend
usual
the
declared
share on
last payment
cents
2.
payable Aug.
Aug. 15, 1941.
value,
par
share on the 4y2%
per
of
dividend
a
83
$10.50
share to the following persons: (a) all persons (other than
hourly
workers) in the employ of or
serving the company in any capacity,
including officers and directors and those serving in a
professional
or
advisory capacity, whether on a special or permanent
basis, and
(b) a limited group of persons having
long standing business relations
Net
operating
income
Non-operating inc.
(net)
per
with
the
company to be selected by the board of directors and
sisting of special franchise applicators of the company's
products,
officers,
the
directors
company
owns
and
executives
of
The
approximately 45%
South
Coast
of the voting
Corp.,
power.
in
Gross
income
—
.
Deductions
Fed.
income
tax
mal
and
Net
(nor-
income
surtax)__
con¬
and
which
The per¬
Preferred
div.
—V.
p.
157,
requir.,,
2345.
T
THE COMMERCIAL & FINANCIAL CHRONICLE
84
Central' States
Walter,- the road's attorney, stated June 30.
• v':
Mr.
Walter said in testimony before a House Judiciary Sub-com¬
mittee
that he
would file with Federal District Court of Chicago,
Corp.—Stockholders'. Committee
Elec.
following committee has been organized to represent the holders
of the 7%
cumulative preferred stock: J. Walter Taylor (Assistant to
The
that the ICC's recent order refusing to reopen
'
<
'■
'
' "1,,Vi
July 1; a petition asking
President,
Security Trust Co., Wilmington, Del.), as Chairman; Harvey
D. Ritter (President, Sanitary Co. of America, Linfield, Pa.), William L.
the case be set aside,'
Pa.), Joseph L. O'Brien
(Vice-President and Secretary, Carr O'Brien Co., investment brokers,
Philadelphia, Pa.), John F. McLaughlin (partner, McLaughlin, Baird &
Reuss, investment brokers, New York, N. Y.), Thomas C. Egan of
Philadelphia, with John M. Smith Jr., 1224 Lincoln-Liberty Building,
Philadelphia, as Secretary, and Tucker, Bronson, Satterfield & Mays,
Richmond,-Va.,-^ as-counsel. "
•
■
«
On Feb.
26, 1942, the above corporation filed a petition for reor¬
ganization under the National Bankruptcy Act In the U. S. District
Court at Richmond, Va.—V. 157, p, 7.
Monday, June 28, 1943
stock,
common
June
cents
30
compares
with
Walter gave his "wholehearted" support, would
require full judicial review of ICC-approved reorganization plans, and
would prevent reductions belpw property valuation or investment in
capitalization of rails in process of reorganization.
bill,
which
to
from
ry.
from
ry.
*
Charleston & Western Carolina
railway
$432,186
156,051
$231,506
76,265
88; 083
$325,469
129,732
80,063
$304,617
railway—
Net
90,371
47,459
1,923,220
816,831
1,593,810
1,366,543
* 626,803
573,808
479,444
392,598
374,734
1,135,922
329,597
186,080
income
January 1—
oper.
ry.
From
Net
ry.
railway—
from
—V.
railway
from
Gross
Net
income
2144.
oper.
157, p.
136,428
673,568
39,954,668
9,882,161
5,391,454
33,520,330
Called—
50,032,244
12,989,471
income
12,291,397
157, p.' 2446.
7,065,273
—
$17,235,437 $16,631,812 $13,485,035
Net from railway—-.—
7,941,035
8,558,934
6,971,716
Net ry oper. income
3,031,619 . 2,636,778
4,833,174
railway
from
From
the
Interstate
At
the
the
Net
from
time
Net
ry.
—V.
income
oper.
157,
67,783,063
29,575,480
12,502,330
83,517,402
39,395,379
15,487,357
railway—
52,138,950
21,496,281
14,114,212
53,636,671
22,734,793
16,448,793
A
distribution
for
of
the
tion
of
additional year or
of
available
the
well
as
addition
of
two of interest on outstanding
determined
be
of Federal
among
amended
the
under
securities
new
deduction
after
future replacements and improve¬
creditors in accordance with
and
capital
distribution
its
as
allocations
In
would
cash
working
taxes,
ments,
railroad
Possible
indicated
was
entry
June
26,
into the aviation business on a large scale
according to Chicago dispatches, when the
Transportation Co.,
a
wholly-owned subsidiary of the
Chicago Burlington & Quincy RR., asked the Civil Aeronautics Ad¬
ministration for permission to operate helicopter or similar aircraft
Burlington
the
service in
area
that it serves.
plan.
to
the
cash
creditors
The
of
ICC
provide
position
needed
be
not
to
and.
is
also
in
transportation between the communities in which
air
the
from
Gross
from
ry.
service.
air
Earnings for May and
from
Gross
Net
from
Net
Net
ry.
Net
from
Net
ry.
5,150,009
1, 853,684
614,080
56, 036,446
42,370,554
36,877,299
37,810,995
income—
19, 624,192
11,785,611
7,652,951
20,774,092
9, 364,357
6,318,991
Net
railway.
Net from railway—'•Net ry. oper. income—
From January 1—
Net
ry.
1942
ry.
income
157,
$1,759,530
1,056,400
462,188
from
from
209,633
*45,998
7,417,245
2,107,487
2,034,371
857,736
919,500
6,272,025
1,103,498
32,520
from
Net
from
Net
ry.
—V.
$1,438,500
626,490
653,115
359,639
298,161
168,648
277,804
83,306
12,260,022
railway
9,663,596
8,285,344
7,182,342
3,010.535
1,027,804
4,689,893
income.'
157, p.
ry.
1,462,333
2,625,588
1,021,772
,
1,625,294
246,755
205,276
231,345
*70,506
10,601,653
8,809,486
7,326,062
2,855,672
1,162,164
1,359,848
railway
Net from railway.
Net ry. oper. income
From January L—
Gross from railway—
Net from railway
Net ry. oper. income
—V. 157, p< 2308.
593,649
281,801
159,843
(& Subs.)—Earnings—
"7
1943
share——
the
for
tax
profits
excess
$0.42
$0.39
$0.49
1940
$77,403
$0.26
1941
$127,923
1942
$114,220
Federal taxes,
income
(including
etc.
quarter ended
in 1943 and
Mar. 31 totaled
$77,322 in 1942.
tax)
Judge
of
Simon
the
pertinent to the inquiry.
Judge Simon H. Rifkind on June 25 permitted a debenture
comprising Walter McMeekan, J. Ross Mcintosh
Sundheimer, to intervene in the involuntary reorganization
proceeding.
The committee represents holders of the company's 15-year 5% gold
debentures, which matured on April 1 of this year.
Federal
and
from
Net
ry.
Durell
protective
Frederick
1940
200,339
181,255
118,223
121,847
88,133
2,537,387
1,016,126
1,850,304
1,792,225
679,493
579,080
30.
421,073
Net
from
335,987
425,039
395,477
of
L.
157,
and
the
first
Frank
Irwin.
B.
the
Paul
J.
committee
Kern
has
are
been
Chicago,
of
a
dividend of 50 cents per share on
$876,024
$810,600
319,191
278,423
283,182
One
212,867
144,728
5,496,806
4,666,921
4,166,181
3,902,400
2,078,004
1,530,531
934,323
1,291,954
613,669
1,131,566
1,424,966
Wall
149, p. 4025.
Pacific
&
R.R.—Earn¬
ings—
Net
from
from
railway—.
Gross
1942
-
from
5,084,064
1940
1941
$17,672,899 $13,939,402 $11,194,887
6,681,151
4,119,850
2,809,951
railway—.
Net ry. oper. income..
From January 1—
2,082,575
1,679,255
$8,958,868
*136,441
86,585,559
65,296,641
50,580,779
35,233,322
20,514,598
14,686,122
8,706,367
11,533,476
9,433,243
3,178,002
from
ry.
railway—.
railway
oper.
_
43,379,555
will make a
reorganization plan
company
approved
new
New
effort
to
reconsidered
have
and
its
ICC
modified,
York,
N.
Y.—V.
157,
p.
2146.
ry.
railway.
railway
oper.
income
From January
from
from
Net
ry.
—V.
1940
$3,124,471
$2,523,886
$1,887,306
$1,541,253
1,510,049
1,125,306
819,261
605,898
548,264
371,553
529,170
419,773
15,170,071
11,270,123
7,423,708
4,586,814
8,813,036
3,692,424
and
court-
Luther
M.
725,864
306,367
667,390
332,524
148,218
188,502
income
1—
oper.
From January
from
Gross
Net
from
ry.
railway
railway_____
income
2246.
oper.
157,
The
p.
company
stock
common
July
on
paid
1
Dividend—
cents
record
of
holders
to
paid
April
on
$1 per share on the
This, compares with
of
dividend
a
June
30.
Distributions during 1942 were as
1, 75 cents; and Oct. 1 and Dec.
last.
*oll9ws:
April 3, 50 cents; July
24, $1 each.—V. 157, p. 1267.
50
1,
Ry.—Earnings—
Columbus & Greenville
1943
$108,489
*1,105
*6,328
1942
$97,727
1941
$103,243
11,626
7,802
18,904
9,909
1940
$91,085
5,662
543
railway
628,331
railway
122,551
Net ry. oper. income.._
43,711
•Deficit.—V. 157, p. 2146.
509,926
47,681
220
512,296
100,124
50,788
499,395
85,734
24,906
: *
from
railway
railway.—.,..
Net ry. oper. income
from
From January
1—
from
Gross
from
Net
share has been declared on the capital
stock, payable Aug. 2 to holders of record July 10.
Like amounts have
disbursed each quarter since and including Aug. 1, 1942, prior to
which
the
made
company
share.—V.
quarterly
of
distributions
45
cents
per
157, p. 2039.
Commonwealth & Southern Corp.—Weekly Output—
weekly kilowatt hour output
The
Southern
Commonwealth &
The
business
of electric energy
Corporation
served
territory
of
conditions
of subsidiaries
adjusted
for
the
to show gen¬
week ended
amounted to 233,371,222 as compared with 201,364,746
for the corresponding week in 1942, an increase of 32,006,476 or
15.89%.—V. 157, p. 2446.
1943
24,
Community Public Service Co.—Issue Registered—
Company
June
24
registered with the Securities and Exchange Commission
issue of $6,850,000 of 3%% first mortgage bonds
proposed
a
proceeds from the issue will be applied toward redemption of
first mortgage bonds due 1964, and $400,000 of the
The aggregate necessary to redeem
$6,454,000 of 4%
type of bonds, second series.
bonds is $7,202,700.
same
the
Central
Republic
Chicago
of
Co.
was
named
as
the principal
157, p. 2039.
railway
income
2,402,386
1,989,643-
2,482,483
2,061,231
2146.
p.
Consolidated Cigar Corp.—$7,000,000 Debenture Issue
Proposed—
Eastman,
railway
$1,063,857
$1,069,536
548,699
616,516
524,605
1941
$935,583
556,872
479,635
1940
$710,3(
364,0'
28B,7f
Net
ry.
4,989,532
2,790,651
2,288,300
4,381,295
2,573,360
2,219,497
3.815.2S
2,145,7';
1,762,5:
oper.
income
Net
from
ry.
—V.
439,487
1—
Gross' from
Net
1942
1943
from
from
railway—__
railway
5,582,044
3,075,924
income
2,499,938
oper.
157, p. 2146,
V-..
—
\
Co.
&
head an underwriting
group
which is ex¬
the
corporation's
Consolidated
Corp.—From
Dearborn
Real
Estate
to
Electronics—Scherck, Richter Co. of St. Louis, Mo., in
circular dated June 14,
said in part:
Consolidated Dearborn Corp. was a
saddled with ,.high cost properties and
substantial funded debt ahead of its 377,084 shares of common stock.
On a cash basis, these properties earned $307,642 in 1942, or 83c per
share, but after deducting depreciation of $255,879 and profit on de¬
bentures purchased of $156,370, a net loss of $104,625 was charged
Until
railway—
May—
Net
of
One
29.
States,
a
Clinchfield RR.—EarningsGross
Dillon
largest manufacturers of cigars in the Unite#
brands include El Producto, Dutch Masters,
Harvester, La Pallna and others.
Net proceeds from the sale of these debentures will
be applied to
(a) the payment of a bank loan of $1,000,000;
(b) the redemption
on
or before Sept.
1, 1943 of $938,130 10-year 4% notes, due July 1,
1950; (c) the redemption on cr before Sept. 1, 1943 of 30,000 of the
68,162 outstanding shares of 6 Vz7o cumulative prior preferred stock
at
$105 per
share and accrued dividends to date of redemption;
(d) the redemption on or before Sept. 1, 1943 of 20,969 shares of 1%
cumulative preferred stock at $110 per share and accrued dividends
to date of redemption.—V. 157, p. 2247.
June
7,558,358
2,813,764
1—
railway.
oper.
157,
1941
1942
1943
from
from
From January
Chicago & North Western Ry.—Would Reopen Case—
The
St.,
1,076,241
23,983,893
income..
"■Deficit.—V. 157, p. 2445.
Net
Net
has called for redemption as of Aug. 1, 1943 a total
mortgage bonds, 3'/4%
series due 1966, at 105
Payment will be made at the Irving Trust Co., trustee,
Cincinnati, New Orleans & Texas Pac. Ry.—Earnings—
Net
1943
May—
ry.
railway.
railway
pected to offer during July, an issue of $7,000,000 10-year 3 'A % sinking
fund debentures, due July 1, 1953.
A registration statement covering
the
issue
was
filed with the Securities and Exchange
Commission
first
May—
Gross
Gross
Gross
of
interest.
Net
Paul
from
the
151,127
St.
from
Net
1940 when a dividend
company
$246,000
$961,366
Milwaukee,
Gross
The
stock, payable July 15 to holders of record June
payment since March 30,
10 cents was paid.—V.
250,358
income™
1941
$142,637
66,075
29,916
Colorado & Wyoming Ry.—Earnings—
Net
of
members
Other
committee.
common
This Is
and
2145.
p.
1942
$158,965
58,113
28,248
4*1,655
due in 1973.
of the preferred stock-
named Chairman
has been
Rossman
par value
Net
—V.
101,318
768,545
331,921
115,221
income
157, p. 2446.
Churngold Corp.—Resumes Dividend—
no
The
439,912
2,542,166
334,485
1943
$148,814
56,517
22,055
railway
oper.
underwriter.—V.
365,674
railway
Net ry. oper;
3,077,708
794.712
745,708
5,458,886
railway
May—
designated counsel of the committee.—V. 157; p. 2446.
$1,087,332
income
From January 1—•
Gross from railway—
railway
from
ry.
A.
Preferred Stockholders Committee-
1,150,823
oper.
3,690,187
1,127,123
1,286,712
270,001
income
1—
118,609
33,415
committee,
Wm.
The directors have declared
railway.
Net
Net
June
to Intervene—
Cincinnati Gas & Electric Co.—Bonds Called—
from
1941
$723,778
Commonwealth Edison Co.—35-Cent Dividend—
bankruptcy
issue
holders'
$350,275
1940
from
Net
157, p. 1807.
holders'
1941
1940 '
$512,593
80,942
68,996
1942
$798,237
253,685
195,198
2.153,776
railway
oper.
Ry.—Earnings—
1943
$1,193,507
466,130
railway
May—
Debenture Holders Committee
Chicago Indianapolis & Louisville Ry.—EarningsGross
ry.
eral
1941
1942
2039.
From January
Gross
of
$425,712
1943
from
H. Rifkind has named Robert P. Stephenson,
referee, as special master to take testimony on
solvency of the company, which was raised by an
involuntary petition for reorganization of the company filed by three
creditors.
The company, in a formal answer, denied that it is in¬
solvent.
The court's order gives the special master authority to ques¬
tion officials and directors of the company, and others who migbt have
1942
Ma y— v
investment
dierctors.
of
of New York has been appointed transfer
stock $1 par value of the Colorado Milling &
p.
*411,289
-
depreciation,
Federal
the
$514,210
66.252
157,
A dividend of 35 cents per
2,662,476
-
from
Net
712,948
income-1,921,782
157, p. 2145.
$1,359,384
417,294
;
$129,585
per
Co., Chicago
board
the
been
1943
from
of
6,632,376
l-—
$1,666,905
Childs Co.—Referee Named—
$492,180
153,059
69,463
May—
Davis &
members
Colorado & Southern
1940
1941
1942
$1,831,588
371,537
profit
Thomas P.
Gross
(of Paul H.
elected
common
Co.—V.
Net
Chicago Yellow Cab Co., Inc.
Earnings
Directors, Etc.
that the, plans for
May—
Gross
2145.
Chicago & Illinois Midland Ry.—Earnings—
been
reported
Net
railway-
oper.
$1.22
Guaranty Trust Co.
Gross
Net
1940
1941
1942
$1,940,465, $1,810,589
995,196
railway
oper.
from
Federal
Earnings—
Markham
I.
have
is
The
information
203,137
8,3A2,715
$547,310
Nil
1647.
(President of the First National Bank of Denver), John
President of the Colorado Milling & Elevator Co.)
agent for the
1940
321,208
1943
$2,501,835
railway
railway
Net ry. oper. income—
From January 1—
Gross
1,184,420
railway
"Deficit.—V.
$1,189,904
175,947
2212.
p.
May—
Gross
$1,552,166
461,116
13,235.579
Chicago Great Western Ry.
Net
5,607,382
6,185,303
income—
oper.
from
•After
1941
$2,747,335
$609,088
$1.33
t$290,576
«
$0.56
157, p.
Commission within the next month.
30,847,444
10,313,361
9,,796,531
railway
Note—Federal
1,955,104
railway—
oper.
36,458,513
14,,194,489
railway
$194,862
5,249,256
railway-
•Deficit.—V.
46, 600,817
31,519,711
19,020,658
1943
$2,141,670
610,047
450,374
From January
—V.
140,700
the offering of new securities of
the company to the public are progressing satisfactorily and that a
registration statement will be filed with the Securities and Exchange
St, Paul, Minneapolis & Omaha Ry.—Earn¬
2,291,619
1943
from
from
286,039
3 Mos. End. Mar. 31—
May—
Net
from
from
*Net
53,075
140,700
Columbia Mills, Inc.—Pays $1
Net
■"345,436
82,914,035
railway
irom
1,444,254
702,413
Chicago & Eastern Illinois RR.—Earnings—
Gross
2, 117,134
May—
•Deficit.—V. 157, p. 2145.
Gross
1,148,335
71,826,732
■
income
$7,016,464
2,015,422
Herbert
It
ings—
1-
railway
oper.
$9,046,766
and
—V.
Net
50,250
——
(former
bankers)
$6,267,052
2,293,191
157, p. 2446.
Gross
$741,085
49,687
$316,760
Dower
1940
$7,979,074
3, ,028,267
3,457,045
January 1—
railway
Chicago,
1940
1941
3 768,630
9,652,826
income
oper.
from
1941
1942
$9,,726,597
income
oper.
$800,038
'"$240,800
;
tDeficit.—-V,
256,162
Date
to
6,278,166
from
ry.
—V.
Net
Date
1942
$16,317,570 $11 768,990
railway
railway—
From January
Gross
to
Year
1943
L.
debtor company
1943
$14,757,169
railway
from railway
Gross
May—
allow the
Year
and
May
for
railway
oper.
From
Gross
Net
application said it was proposed to have 8,380 route
The Burlington
miles of
<
.
344,679
140,553
49,687
—
share—
per
John Evans
—V.
they
airports served by transcontinental or transoceanic air¬
liners, as well as with motor bus, and railroad services," said I. B.
James, President of the Burlington Transportation Co.
and
to
whether
off $3,000,000 of bank loans and release some $14,000,000 of
securities now pledged as security.
If that is done, the released securi¬
ties might be divided among the creditors.
8,500
live
against
as
.
$1,126,896
129,649
(
$366,447
dividends
Net
ICC
them.
determine
pay
"The
coordinated
.
$1,405,435
120,165
>
,
275,000
tax)
dividends
■"Loss.
company
new
now
the
eliminate
would
with cash.
Since Rock
substantial, the new money bonds will
could either redistribute them among
the
The Burlington's bus company oper¬
highway miles in 13 Middle Western States.
contemplated service would afford millions of people residing
towns and small cities in the territory we serve
the benefits of
ates
.
the payment of interest
whether
and
tax)
inc.
profits
profit
Elevator
included
1942,
Net
Other Service-
last,
5,338
Surplus
for the period between Jan. 1,
final effective date of the plan, the ICC would deter¬
to issue 811,000,000 of new bonds which had initially
Net
or
State
excess
Net
'"$108,083
127,468
.......
&
Fed.
this
.
securities.
Under the original plan distribution of new securities took Into con¬
sideration interest claims up to Jan. 1, 1942.
an
May—
Plans
10,
.
Colorado Milling & Elevator Co.—New
end
Judge Igoe recently cited the necessity for changing the effec¬
the plan from Jan. 1, 1942, to Jan. 1, 1943, or Jan. 1, 1944.
in the effective date of the plan would raise the ques¬
Earnings
Chicago, Burlington & Quincy RR.—Subsidiary
Helicopter
Interest
action.
as
deferment
2346.
p.
.
(& Sub.)—Earnings—
$772,196
130,749
——
Depreciation
recommended that the ICC determine
Igoe
available
further
for
Commission
Judge
cash
of
tive date of
to
railway
income
Earnings
Commerce
same
amount
Island's
$12,090,641
5,742,938
4,146,141
1—
Jan.
from
Gross
1940
1941
1942
1943
May—
other
Preferred
mine
Gross
.
holders of record
to
Dec.
May 29, '43 May 30, '42 May 31,'41 June 1, '40
Quarters Ended—
income, including
*72,292.
been
Earnings for May and Year to Date
15
on
July t31, -1942.^V; il56,. p., 425..
on
4,097,193
ICC for Action—
income
redemption as of Aug. 1, 1943 a total
of $96,000 of refunding and improvement mortgage 3 Vz % bonds, series
E, due Aug. 1, 1996, at 102y2 and interest.; Payment will be made
at the office of J. P. Morgan <Xs Co., Inc., 23 Wall St., New York, N. Y. j
July
made
was
Total
Fed.
62,773,310
' 22,125,110
railway—
railway.,
oper.
year.
been called for
have
.There
1,370,091
1,674,695
Deficit.—V.
The
Chesapeake & Ohio Ry. Co.—Bonds
dividend of 50 cents per share on the
payable
Collins & Aikman Corp.
Chicago, Rock Island & Pacific Ry.- -Plan Returned to
.
1940
no par value,
similar distribution
A
Common
Ry.—Earnings1941'
30.
10 cents-
Judge Michael L. Igoe on June 25 approved a motion of the
first and refunding
bondholders to remand the reorganization plan to
1942
from
from
June
Federal
1943
May—
Gross
Net
2,671,784
2,050,570
Income
January X—
Net
June 15 paid a dividend of $2 per share on the
common stock, no par value,
to holders of record June 10. This com¬
pares with $1.50 paid on Dec.
18, last, and $1 on Dec. 23, 1941.—
V, 157, p. 1144.
1466,
stock,
common
$7,331,415
2,847,030
railway
from
1940
$9,272,154
oper.
From
Gross
•
1941
1942
$13,327,588 $11,061,198
3,617,260
4,996,607
railway
from
Net
on
company
share of
per
(Excluding Danadian 'subsidiary)
Net
Transit Co.—$2 Distribution—
Charleston (W. Va.)
Mr.
1943
Net
The
156,. p.
dividend of 50 cents
a
$1, payable June 29 to holders of record June
with 25 cents paid on Dec. 12, 1942; none since.
par
compares
Coca-Cola Bottling Co. of Los Angeles—Dividend—
Earnings for May and Year to Dale
Gross
share was recently declared on the
payable June 30 to holders of record
10 cents on Oct. 1, 1942, and 20 cents
157, p. 519.
1942.—V.
9,
per
value,
par
no
This
23.
June
on
of
dividend
amending, the
for
recently declared
stock,
The directors have declared a
appeared before the sub-committee to support the Hobbs
Railroad Bankruptcy Act statute.
The Hobbs
Walter
Mr.
bill
This
—-V.
the case.
May—
California—Dividend—
Chapman's Ice Cream Co. of
A
the petition be considered by a
attorney said he would ask that
The
directors
capital
18.
three-judge court and that a determination be made whether ICC
acted legally in refusing to permit reargument and reconsideration of
(President, Otto Collieries Co., Pottsville,
Jones
....
Bottling'6o; ^f Chicaffo, Iric^bividMd-^
Coca-Cola
The
the
real
about
estate
against
three
holding
surplus.
Until about
'•
•.
three
ago,
months
•.
ago,
.v
Lear Avia,
■
' . •
Inc. was a manufacturing
in the fast-growing electronics and aviation
with $20,000,000 of orders on its books and more business
corporation
industries
months
company
far advanced
Volume
than
it, could
90%'
the
Number 4191
158
handle
either
After
to
it
in
or
profits tax. In 1942, it made
excess
before income taxes and
..
offered
THE COMMERCIAL & FINANCIAL
CHRONICLE
investigation
sight.
Its saddle was
net profit of $2,561,486
a
$682,130 after all taxes.
of
existing
tax
,
receipt
of
the
the
basis
balance
of
to
with
stock
be
penalties
Avia
out
the
under
Jan.
the
on
1,
right
in
and
installments
annual
certain
the
of
These
Lear
and after April
for
cisco,
present
be
made
be
2V<
years
affecting
all
As
of
of
in
own
Dec.
liabilities.
31,
Its
1942,
these
properties
Consolidated
other
have
shewn
had
indebtedness
cash
in
consisted
4"%
a
its
of
excess
of
value
Rio
Denver
of
which
paid
as
$240,300 were purchased
its common stock and
during
on
1942.
stock
no
value
par
of
common
of
purchase agreement
Dearborn
much
with
reported
Lear
it
Avia,
we
have
would
advised
are
available
that
tax
value
of
Lear
of
had
been
closely
Grande
RR.
consolidated
mortgage 4%
bonds, $217.08 of
preferred stock, and
'
1
$482.40
company
first
since
July
on
stock,
no
July
paid
1
this
on
1,'1931.—V.
dividend
a
holders
to
par,
made
was
issue
157,
of
of
cents
25
record
bonds, $159.61 of
preferred stock,
and
$692.13
24.
refunding and improvement mortgage 6%
mortgage bonds,. $168.94 of
preferred
stock,
and
income
new
$732.55
par
In
ry.
new
general
mortgage
from
Net
$146.10
ry.
the
plan,
of
and
first
new
release
upon
of
mortgage
bonds.
all
the
bonds
and
the
$8,700,605
ry.
Gross
par
Net
new
re¬
same
before
as
stated.
As
in
$348,978;
several
the
for
the
Lake
on
to
which
system
stock,
the
bonds
Denver
Reconstruction
under
pledge,
Salt
&
Lake
and
bond
5,
last,
which
June
on
30
announced
system
output
of
increase of 35.4%.—V;
an
157,
2446.
p.
'
of
holders of
on
$2
share
per
record
June
April 15, last.
Payments in 1942
cents
and
$1.40
30.
dividend of $1 per share and
a
the
011
A
stock,
common
distribution
would
Western
the
stock,
Denver
and
&
of
payable
$1
July
share
per
15
Salt
follows:
as
and
April
is
Oct.
15,
40
Dec.
and
15,
modifications
have
been
made
to
clarify
*
of
Plans—On
the
Basis
of
&
Loan
oper.
to
new
New
first
New
income
income
_
..
9,307,189
$3,489,311
$9,393,036
241,703
809,706
&
amort,
of
1,002,882
Net
2,412,679
54,781
1,711,632
sh. of
$2,684,164
$6,078,432
stock
$1.84
$4.11
The
...
providing
directors
for preferred stock dividends.—V.
June
on
the capital stock,
like
amount
1942
and
23
declared
payable
disbursed
was
dividend
a
Aug.
20
Feb.
20
on
to
of
25
holders of
and
were
as
follows: March 3, May 20
Nov. 20, 75 cents.—V. 157,
p. 1422.
directors
common
similar
have
stock,
declared
payable
distribution
May 20,
and
July
15
on
to
Aug.
initial
had
S.
Perot,
Electric
14,
1941 when 30 cents
President
of
Manufacturing
this
Coi,
liquidating dividend of $8 a
declared, payable on July
been
Expenses
of
50
holders
Dec.>
C. W. Liquidating Co.—Initial
Edward
157,
cents
record
share
;
would
•
-
last.
20,
■\j.
Net
Net
record
paid.—V.
was
July
6.
the
was
not
1942
formerly
30
1941
holders
of
July
on
and
declared
the
on
common
record
9
July 3.
Distributions of
Nov. 28, 1942; none since.
and
Inc.—Earnings—
"'
31—
but
.1943
before
^
1942
$1,365,296
$963,261
608,000
344,000
$757,296
$619,261
———$1.31
share
$1.07
of
Pittsburgh, principal trustee, Pittsburgh, Pa.,
(EWT)
on
July 20 receive bids for the sale to
collateral trust bonds, series A, due March 1,
sufficient
$1,020
19,
to
exhaust
bond.
a
the
of
sum
$211,883.45,
it
of
1956,
prices
at
Payment of accepted bonds will be made
thereon will cease as of the close of
1943.
Earnings for
1940
7,054,147
2248.
4,004.816
266,634
*145,574
12
Months
Ended
May
31
ry.
1943
consolidated
for
157,
p.
income
income
Depreciation
and
taxes
—.
—
depletion—
5,482,157
4,762,976
$6,568,037
$6,043,666
2,426,083
583,564
2,522,529
596,197
$3,558,390
$2,924,940
——
Interest
Debt
1942
$17,097,853 $15,709,063
5,047,659
4,902,421
Balance
share
on
26
stock
to
290,500
of
shares
record
be
declared
before
the
end
of
of
ry.
railway——
railway
$7,252,384
1941
$6,319,783
2,251,835
1,156,781
2,741,562
1,317,560
income—
oper.
1942
-
discount
and
expense
,
——
from
$5, 243,433
$4,279,180
1,,758.974
Net
1,025,630
1,,019,461
28,276,646
the
23, 457,360
21,521,195
6,,730,323
4,709,599
Earned
4,214,623
4, 101,217
2,220,184
—V.
on
the
common
1
stock
paid
to
quarterly
a
holders
made regular quarterly
issue.—V. 135, p. 1828.
company
this
of
dividend
record
June
distributions
of
of
24.
pel
$1.25. per
760,287
of
10,608,265
1941
5,898,163
income—
6,088,610
3,757,119
2.840,420
3,495,042
3,653,949
2,720,193
1,948,153
Rio
Grande
Western
Ry.—Reorganization
74,639
45,281
23,416
8,848
90,597
70,690
4,760
36,970
ry.
oper.
157,
1,298,559
the
amounts
of
y,:',.
the
claims
are
shown
as
of
the-
was
dividend
A
declared
paid
,
30
paid
dividend
holders
to
of
April
on
of
$1.25
June
on
464,062
780,964
941,602
92,762
254,700
May
328,588
■
206,586
360,445
to
A
2147.
p.
May—
1943
•
from
railway
railway—
v
Net ry. oper. income—
From January 1—
—
from
Net
from
Net
ry.
w
of
$1.50
19.
Payments
of
A
$4
per
share
011
share
per
June
last.
1,
dividend
extra
an
record
the
com¬
regular
during
quarterly
1942
were
as
25
preferred
per
as
railway
1940
$75,773
$62,229
13,165
7,429
10,734
13,156
3,626
407,754
350,280
261,884
79.863
18,674
30,215
17,036
42,916
*13,399
Taxes
270,903
68,908
157,
p.
railway-
from
ry. .oper.
1942.
on
Arrearages
157,
as
1940
$742,046
$788,516
$540,137
211,426
437,033
220,986
155,993
income-
$609,395
299,766
railway
112,490
275,016
143,692
January 1—
from
railway-
4,256,499
from
2,153,555
3,650,244
1,600,776
3,955,009
2,201,733
1,152,178
853,795
1,354,941
1,219,879
p.
2040.
■
•
'
$10,627,369
6,633,567
5,221,607
42,876
460,737
461,077
taxes)
151,103
151,868
1,581,070
2,535,603
$189,108
$206,284
$2,343,557
$2,409,082
27,672
Dr2,155
430,183
111,531
—$216,780
$204,129
$2,773,740
$2,520,612
inc.
dividend
cumulations
of
on
$10
the
Refining Corp.—Accrued
per
$4
share
has
cumulative
(net)
accruals
63,260
61,800
756,395
767,500
$153,520
$142,329
$2,017,345
$1,753,112
40,896
36,524
479,337
436,114
117
173
15,444
14.559
$112,508
been
declared
convertible
Dividend—
on
account
preferred
stock,
of
no
par
divident
to
157, p.
Easy
ac¬
—_
$105,632
$1,522,565
$1,302,439
■
.
The
share
U.
B.
V.
A.
&
E.
Co.
77,652
77,652
21,224
19,037
$1,423,689
$1,205,750
;
1
—
Washing Machine
a
G,
interest——
2347.
directors
and
deducts.:
minority
Applicable to E.
—V.
Derby Oil &
1943—12 Mos.—1942
37,851
—
amortization
Preferred
amounted
$11,018,931
deductions
Applicable
1,772,421
1943
473,740
Balance
3,486,760
railway:
oper. income.
Miscell.
31,
$87<?,768
income
Interest
May
527,038
reserve
Gross
at
revenues—_
oper.
Retire,
1941
was
(& Subs.)—Earnings—
Earnings1942
interest
863.
p.
1943—Month—1942
—
—
(incl.
Net
beneficial
Aug. 10 to the holders of
shares of record July 12.
March 31, last, and on Feb. 10,
$905,100
Balance
ry.
A
revenues
Non-oper, income
2248.
1943
from
157,
30,
share.—V,
of
on
prefererd
*1,569
Net
—V.
Dec.
per
Maintenance
4,555
income—
May-
Gross
certificates for
distribution was made
and
Operating
Operation
$64,126
railway-
oper.
"Deficit.—V,
Gross
11
$22.50
share
installment
an
trust
Period End. May 31—
1941
16,800
1,082
similar
Trust)—$1.25 Dividend—
Eastern Utilities Associates
1942
'
$97,327
.
from
voting
969,640
212,000
395,079
income—.
Net
supplemental report, dated June 14, further
modified the modified plan of" reorganization approved by the Com¬
mission in its report and order of July 13, 1942.
/
The effective" date of" the plan" is changed from "Jan.' 1," 1942"? to
both
Eastern Sugar Associates (A
the
Net
third
$1.50
$137,947
Net
/
$4.85
1940
$126,452
Detroit Toledo & Ironton RR.
railway—
$1,816,211
preferred stock
2248.
,
1942
453,888
12,373,359
$2,049,661
—
6%
of
State
follows:
March 30,
$1 quarterly and 50 cents extra; June 30, $1.50
quarterly and $1.50 extra; Sept. 30, $1.50 quarterly, and Dec. 21,
$1.50 quarterly and $2.50. extra.—V. 155, p, 2456.
$214,019
Gross
17,956,808
1,108,729
$5.48
stock before
dividends
share
p.
stock,
mon
share
1943
Net
19,416,338
railway-
1,108,729
prior pref. stk.
pfd.
company on June
the usual quarterly
and
Previously,
$250,215
Gross
,
$2,924,940
Eastern Magnesia Talc Co., Inc.—Extra Distribution—
$1.50
Detroit & Mackinac Ry.—Earnings
•
1940
6%
The
July
.
1942
1941.
on
per
157,
to
,
$31,287
RR.—Earnings-
avail,
taxes
8,917,587
5,502,361
on
—_—_
$3,158,390
—
Dividend requirements on
157, p. 2347.
company
400,000
——
income
11,846,345
railway-;—
Net from railway
Net ry. oper. income
From January 1—
Gross from railway—
Net from railway—zb.
year.—
$0.23
contingencies
569,560
May—
stock
—
for
Balance
33,196,728
income
oper.
Balance
Provision
1940
Gross, from
July .12,
of
1943
1942
from
from
011
an
$61,776
charges & Fed. inc. taxes
1943
Denver & Salt Lake Ry.- -Earnings-
that
888,920
and
exceed
1,176,169
share
Crocker-
the
announced
716,690
1943,
$0.05
9,361,432
Liquidating Div.—
June
income—
date.
12,752
income
after July 20,. and interest
1,395.397
the
157, p. 2039.
635,234
in "its
to
or
10,385,897
The
A
982,064
2346.
Federal
1177.
business July
From
first
1,348.835
The'ICC
1,
note, which has
Dempster Mill Mfg. Co.—Larger Dividend—
1,243,991
p.
to
common
amount
an
5,312,034
on
railway——
Denver &
Modified—
Jan.
to
16.854,403
railway
oper. income
ry.
$2,203,602
;
latter
Corporation
4,584,689
27,918,100
From
-
4,235,039
12,320,857
/from
Net
$2,791,289
oper.
157,
for
share has been
per
made
Noon
Provision
Net
$3,904,207
•
cents
15
mortgage and
*61,799
Gross
A
$4,012,538
from
ry-.
—v.
stock———
Credit
until
first
*27,360
in
5.
share
per
which
30—
all
railway
oper.
from
funds,
1,030,011
income
oper.
each;
Aug.
cents
From January 1—
Gross
will
1,584,454
ry.
January 1—
railway
from railway
Payments
25
cents
of
last,
company,
on
1943
ry.
50
July
The Union Trust Co.
1,694,941
Total
Net
May—
Net
p.
157,
206,109
Net
-
Delaware & Hudson
from
1942
$776,343
$0.21
———
$1,901,647
share
per
•Earnings per common share—w_—_.—$0.48
—V. 1.57, p. 1648.
Net
v
35,167,585
Delaware Lackawanna & Western RR.-Earnings—
Dejay Stores, Inc. (& Subs.)—Earnings—
from
;
*50,980
—
per
207,405
—V.
Gross
share—
were
income
Earnings
$2,207,284
Net
157, p. 40.
after
taxes
and
charges
—V.
on
May—
about
income
the
contingencies.
•
taxes——__
Provision for Federal income taxes—.
1,300,432
$4.51
V.
3 Mos. End. Apr.
of
after
$3,866,392
1741.
p.
of
Net
to
1943
"Deficit.—V.
he
;
for
1943
Eastern Air Lines,
Profit
2,748,538
Net
liquidating to date have been around 11 cents a share,
said, adding that it was expected that a second liquidating dividend
a
preferred
on
From January 1—
of
$2
£ 1,261,649
towards
reserve
reserve
1951.
p.
$5,975,364
—V.
dividend
a
made
was
payment since Nov. 21,
Wheeler
1,345,352
tax
Eastern Gas & Fuel Associates—Tenders—
railway
railway—
from
Crosley Corp.—50-Cent Common Dividend—
The
the
income
.
charges and
common
each
Net
Container Corp. of America—25-Cent Dividend—
on
;
all
charges
Gros^ from railway
2,433,905
to
29,750,184
1,766,966
charges and payments
dividends
$6,546,922
$1.76
£700,000
£100,000 transferred to
$1,032,787
payable
156,
$154,521,6128155,173,127
charges
from
Net
Gross
1
of
1,924,620
com.
„
"After
40,428,095
May—
Gross
93,912
$2,584,311
income
—
interest
£3,168,269
1,087,955
_* £
of
1941
£2,433,307
Corp.—Earnings—
after
per
cents
V.
Earnings for May and Year to Date
"
"Earns, per.
stock
"Exluding provision for Railroad
$9,074,740
1,011,698
35,153
deductions
but before tax
—_—
transfer
dividend
75
$82,994,255 $87,474,322
31,099,262
32,531,220
been paid in cash.
prem.
bonds
on
Other
21,916,632
—
stock
interest
Net
$3,731,015 $10,202,743
tive Date
$24,957,257 $19,150,458
36,120,366
38,573,680
capitalization
fixed
ahead
491,906
1942
and charges,
——1
Dwight Mfg. Co.—Smaller Distribution—
A
stock,
2,250,000
bonds
common
Total
$8,582,834
264,656
$3,641,974
excess
—_$22,707,257*$19,150,458
debt
8,072,551
..
Gross income
Int.
4,021,441
31—
note,
money
preferred
Total
$3,377,318
Operating income
Other
RCC
mortgage bonds.
New
1943—12 Mos.—1942
4,522,783
22,275
provision of $98,825
profits taxes.-^-V, 157, p. 1361,
Net
Total
$19,970,329 $49,467,474 $45,028,546
11,822,477
10,586,926
25,971,086
23,633,838
2,355,768
1,872,651
4,796,163
4,739,323
_
note,
>,
July 15, 75
each.—V. 156,
$22,078,347
Operating -expenses
Depreciation
Taxes
bank
L., bonds
.
1943—5 Mos.—1942
of
Jan.1,1942 Jan.1,1943
obligations,
S.
for
Total
revenues
104,335
137,799
Quarter Ended Mar.
!
Period End. May 31—
Total
parts
Consolidation
tive Date
Consolidated Gas Electric Light & Power Co. of Bait.
•—Earnings—
certain
Modified
1942; Effec- Plan; Effec¬
New
1235.
p.
858,901
225,249
profit
"After
Plan of July 13,
cents;
$1
1,171,762
394,511.
275,433
9 Mos. Ended Aoril 30—
miscellaneous
plan.
Comparison
made
was
1,527,374
Duro-Tcst
:
Equipment
,,
were
extra;
railway
1,606.838
railway—422,373
income—
299,646
"Before
extra
an
46,087
157, p. 2148.
Net
plan, the new
Corporation is entitled
with
»
Consolidated Car Heating Co., Inc.—Extra Dividend—
The directors have declared
58,846
oper.
Earnings
D.
dividend
65,657
68,244
sales
elec¬
\
1940
$233,637
previous
Finance
together
,
v
1941
$340,110
%
111,304
profit
Minor
(electricity generated ana purchased)
for
the
week
ended
June 27.
1943, amounting to 194,300,000 kwh., compared with 147,200,000 kwh. for the corresponding week of 1942, an increase of
32.0%.
Local distribution of electricity amounted to
188,900,000 kwh
com¬
pared with 139,400,000 kwh. for the corresponding week of last
year,
1942
130,835
from
Net
the
that
.
$351,074
$361,045
income—.*
oper.
Net
Consolidated Edison Co. of New York, Inc.—Output—
company
*355,348
80,392
1943-44 liability and
—V. 152, p. 3495.
conditions.
jz The
tricity
852,127
1,538,193
-
-
January 1—
collateral, would be deposited in escrow for the benefit of the Finance
Corporation, the receipts from any sales, dividends, or interest to be
the
was
4,195,963
1,281,506
Dunlop Rubber Co., Ltd., England—Earnings—
contingent
groups
904,312
91,750
—
$1,742,945; prior contingent interest,
interest, $972,606.
The allocations to the
1,641,145
3,976,392
342,297
..
Profit after deprec.
Taxes
*
in¬
,
set,
2,683,428
8,149,457
■
.
2148.
p.
railway—
Year Ended Dec,
pledge,
new
1,162,035
9,815,996
4,606,595
•
..
6,932,522
income—
railway—
from
—V.
the
the
from
From
effective
of
3,032,527
'
railway—
from
to
2,214,680
1943
Net
common
under
1940
$3,184,312
3,389,700
May—
Gross
entitled
to
securities
1941
$4,567,774
4,009,294
I
new
of
1942
3,404,400
-,
157,
Ry.—Earnings—
/V
Duluth, South Shore & Atlantic Ry.—Earnings-
$310.75
value
431,663
925,147
$5,468,356
income—,
oper.
Net ry.
par
438,007
$5,047,086
railway—j.
"Deficit.—V.
t
bonds,
963,431
343,857
1943
January 1—
of
new
42,090
'1,687,786
429,518
railway—
railway
from
Net
bonds, $264.61
of
44,322
1,797,699
1,018,534
income—
oper.
From
Gross
the event consolidation with the Denver & Salt
Lake is not carried
total -capitalization of the reorganized debtor would
then be
annual charges on debt as follows:
Fixed inter-
out,
1268.
p.
of
bonds, $328.90
value
,
32,659
1,809,889
railway—1,134,455
from
Net
$321.60
value
58,480
from
Net
$143,528,027, and the
similar
A
new
$313.92
bonds,
par
114,816
May-,!'-,-
stock..
securities
share
per
June
income
new
$265,898
136,700
1,951,143
railway
oper.
Net
new
1940
$291,912
118,027
157, p. 2347.
applied to payment of the Finance Corporation
claim, under prescribed
April
on
of
value
par
1941
Duluth Missabe & Iron Range
;
mortgage
debtor's
of
come
held
Consolidated Dry Goods Co.—Common Dividend—
common
ry.
—V.
Gross
bonds,
bonds,
income
new
'
The
as
bonds, $266 of new
preferred stock, and $93.10
new
,
be
the
Net
plan, is
from
,
1942
$284,420
income—
oper.
RR.—Earnings—
1943
railway—-,
from
Net
first mort¬
new
The Reconstruction Finance Corporation would be
ceive, in settlement of its notes, with interest accrued
date
as
by about 20 stockholders. Its principal plant at Piqua, Ohio is con¬
veniently located to Wright Field. It is opening a new factory in
Grand Rapids, Mich.,
equal in size to the big Piqua Plant; is enlarging
its plant in California which is
adjacent "to seven aircraft plants and
is increasing its floor
space in New York City.—V. 157, p. 1421.
distribution
the
of
of
ry.
Gross
and
of
on
$316,223
158,454
,,
railway—
From January 1—
bond
stock;
,,
$5,200,000
1936,
date
.
from
from
Net
company.
$1,000
refunding and improvement mortgage 5% bonds, $250.01
of
new
common,
as
$4,000,000 in any one year.
Avia, incorporated in Illinois in
each
stock;
first
stock;
! The
Consoli¬
losses
common
new
The debtor's
outstanding. ,
;
'
holdings of Consolidated Dearborn, with
exception, are shown in its report to-stockholders as being carried
at $9,517,400 before
depreciation of $2,148,597, figures of the actual
cost of these properties are not available.
However, in consummating
the
of
the effective
mortgage
first
value
of new
one
dated
Rio
of
stock;
new
par
any of the Debentures remain
While the major real estate
•
reorganized
Junction
The debtor's
-
be
long
so
the
terms
15 to holders of record July 6.
Distributions
on this, issue on Feb.
15 and May 15, last, and
1, Sept, 15 and Dec., 15, 1942.—V. 157,
p. 2039.
Detroit & Toledo Shore Line
stock;
may
repurchased
of
as
of
in
July
made
were
28, July
May—
Denver & Rio Grande RR. consolidated
mortgage 4V2% bonds, $329.03
first mortgage bonds. $223.97 of new income
bonds, $331.80 par
value of new preferred
stock, and $497.70 par value of new common
loan
debentures,
dividends
No
be
can
payable
each
March
of new
of
$963,500
&
value
common
retired
thereon,
new
first
new
par
$542,973 from the RFC, due June 12, 1947, and $2,943,700 of 3-4%
sinking fund debentures due Nov. 1, 1954. Since incorporation in 1939,
and
structure
securities
new
$970.90 par value of the
of
Grande
it
purchased
capital
of
Ry.! first mortgage bonds, $1,061.96
mortgage bonds and $317.21 of new income bonds;
first
of
has
in
mortgage
income bonds;
current
secured
basic
unpaid interest
par
consistent
a
the
allocation
Grande Western Ry. first trust
bonds, $970.20
gage bonds and $349.80 of new income
bonds;
Rio Grande Western
Ry. consolidated
profits.
Current earnings are re¬
which would indicate a net profit from Con¬
operations of over $200,000 in 1943.
rate
a
Rio
operating
a
Dearborn's
solidated
'
Some
value,
$2
con¬
13,
follows:
major holdings are located in Chicago, New York
Y., Newark, N. J., Santa Monica and San Fran¬
uptrend
running at
elimi¬
of
described
$4,584,689.
The debtor's new equipment program is
requirement resulting from the war production program to
through the additional traffic resulting therefrom without
paid for
The
depending
N.
California.
year-to-year
ported
is
basis
Net
Dearborn Corp.
was formed
in 1939 with very broad
as
a
merger of Manhattan Dearborn
Corp.) and the
Corp.
Either directly or through subsidiaries, it is engaged
in short term financing of building operations, dealing in real estate
securities and in operation of hotel, residential and commercial
prop¬
Vernon,
the
manner
as
powers
Its
$2,250,000
On
treated
Consolidated
erties.
of
Lear
Lawbeck
City, Mt.
loan
capital structure.
Lake, In the
Salt
Gross
representatives of Consolidated Dearborn.
charter
&
stock,
that time.
Consolidated Dearborn has
except that such payment in 1943 cannot
prepayment
immediate
an
new
ferred
payments made by
of
plan of July
for
the
Denver
1950
to
first
higher ratio
a
of
the
the
of
are
the
during
of
30,
June
forfeiture
payments
Avia
1945 at
1,
contract
money
through
including
conditions.
earnings
purchase
a
$1,700,000 including $100,000 already paid.
The board of direc¬
Lear Avia is to be composed of three Leaf Avia nominees and
tors of
two
cash
non-performance,
1943
total
exceed
paid
for
50%.of
pf
from
$100,000
provision
Item
an
85
1942, the total capitalization of the new company
would be $155,4-73,127, under the
plan as now modified, as compared
with
$154,521,612 previously.
Annual charges under this plan are:
Fixed interest, $1,694,941;
prior contingent interest, $498,318; contin¬
gent interest, $1,364,133, and total
charges before dividends on pre¬
of independent tax experts,'Consolidated .Dearborn Corp. ac¬
quired 83,733 shares or 95% of Lear Avia, Inc. for a reported consid¬
eration of, $5,700,000.
We are advised that the purchase was .effected
the
as
solidation
the
opinion
on
former
nated
•
.
after
and
laws
The
have
dividend
declared
of 8%
a
Co.,
Ltd.—Accumulated
quarterly dividend
cents per share on
of
17V2
account
of
Div.
cents
per
accumulan
\
1% cumul. preferred stock, par $10,
June 10.
-V;
The
last distribution of 17 Va
cents per share
Issue on Jan. 2, 1943.—V. 156, p. 1149.
tions
the
on
holders
to
'
•
1
.
May—
made on this
was
ing companies of Ebasco Services,
ican Power & Light Co., Electric
Light Co., as compared
were as follows:
.
&
Power
1942
Inc., which are subsidiaries of Amer¬
Power & Light Corp., and National
with the corresponding week during
Net ry.
.
Thousands of
Operating Subs, of—
'
Power & Light Co.
Light Corp.
Pet.
Amount
1942
1943 >
,
151,372
179,773
^ 105,858
91,717
American
in ?
'■ Edwards
■
Ry.—Earnings-
Net
95,556
*91,145
13,805,900
3,750,143
13,551,672
5,006,857
11,511,105
4,941,448
7,873,184
railway-—-.
from
railway
from
Net
596,505
1,157,197
2,724,183
income
oper.
ry.
Gross
Net ry. oper. income
♦Deficit.—V. 157, p.
.
Transfer
2,394,230
the
be
a
1,347,240
redemption
against 15 cents
and on Sept.
as
1941,
profit after charges,
Net
—V.
f',
$1.14
Net
sales
,
,
ry.
1941
$905,515
216,993
512,900
61,560
116,400
ry.
—V.
income
2149.
oper.
157, p.
The
Operating
expenses
taxes
taxes
Other
(net)
plant
net
the
1,632
$442,526
$6,394,917
357,430
deducts.-
357,004
4,273,323
payable
$85,522
$2,121,594
1,153,008
dividend
$968,586
payable
3
July
A.
business
Johnston,
Massachusetts
with
devoting
is
company
done
1942, and intended to be
consisted of the manufacture,
classified
prior
to
war,
banks
to
$8,100,000
75,000
128.000 shs.
1,000,000 shs.,
4*.
Regulation
__/
Outstanding
$5,400,000
75,000
128,000 shs.
§800,000 shs.
Bank
"V"
Credit
20,000
Lemon &
Shillinglaw,
Carlton
of
20,000
15,000
Co.__
Stein
Higbie
M.
amount
disbursed
19
to
V
banks
in
Cash in
Motors
General
tables,
which
Citing his
General
Motors
68,000
in
&
supply
Almost
extending
lines
;
of pro¬
"miracle
upset
time¬
Axis
disclosed that
a network of more than
manufacturing divisions to
Mr. Wilson
from
GM
sub-contractors and suppliers are working
its war job, Mr. Wilson said.
He added that
Motors
on
based on an analysis, just completed, of the corpo¬
purchasing records.
These records showed that each of
37 manufacturing divisions and other operating units of General
figures
the
are
1942
Motors
had
purchased from an average of 1,852 sources during the
of these divisional contacts was 68,505.
Elimination of
from the purchasing of different parts from the
by several divisions brought the total number of different
Total
year.
duplications resulting
firm
same
18,735.—V.
and
157, p.
9,790,461
105,104
250,498
75,101
not consolidated—
sub.
profits tax
equipment
corporation
the
whole
a
as
to
General Steel Castings Corp.—Accrued Dividend—
of accumulations
paid
each
a
quarter
Aug.
including
and
since
account
value,
dividend of $1.50 per share on
$6 cumulative convertible stock,
the
on
16 to holders of record
no
par
A like amount has been
2.
15,
Nov.
1941.
Arrearages
1, 1943 amounted to $61.50 per share.—V. 157, p. 1943.
as
-
Georgia & Florida RR.—Earnings—
:
Period—
—Week End. June 21—
.
—V.
$29,330
1942
$910,545
$875,408
1942
$32,750
____
—Jan. 1 to June 21—
1943
1943
Operating revenues
157, p. 2449.
Georgia RR.—Earnings—
May—
Gross
from
Net
from
Net
ry.
1940
331,113
53.324
42,595
1,992,581
522,418
452,409
1,583,492
260,732
216,396
293,438
352,363
259,325
4,525,671
January 1—
from
Net
ry.
railway
railway—___
from
Net
—V.
1941
424,969
115,671,
101,639
1942
$701,305
393,457
income—
oper.
From
Gross
1943
$941,635
railway..
railway
2,042,357
3,218,886
1,295,098
income—
1,790,896
1,156,675
oper.
157,
2348.
p.
Georgia, Southern & Florida Ry.—Earnings—
1943 ' r
$661,287
May—
from
Gross
Net
from
ry.
railway—
railway
108,171
76,455
3,110,932
1,558,399
1,780,454
606,172
257,949
income—.
1—
oper.
1942
$386,178
152,250
338,728
from
Gross
Net
railway
from railway—
Net
ry.
income
157, p. 2150.
—V.
437,555
oper.
Greif
Bros.
Cooperage
1941
$307,244 '
106.647
67,240 <
1940
$196,105
27,847
1,593
1,663,224
589,579
296,061
1,101,112
212,055
71,432
Corp.—Semi-annual Report—
(And Consolidated Subsidiaries)
6 Months Ended
sales
♦Net
Other
;:
$2,097,168
for
230,512
475,687
200,000
8,175
5,676
181,951
433,661
100,000
13,520
16,793
$1,110,073
123,376
372,616
depreciation
admin,
Provision
$2,477,036
1943
$2,080,815
,
——
I—
Provision
1942
$2,422,565
54,471
1941
$1,099,617
16,353
April 30
——
income
for
and
gen.
expenses
contingencies
general
expense
(net)...—
Federal
4,863,488
—
Canadian
for
suppliers
2448.
Federal normal income tax & surtax
469,022
-
280,200
2,408,647
124,683
——
.
Special tools, dies, etc. in process of amortization
(less reserves foramortization)
4_i4.--4.i----—
Goodwill
'
.—
and
the
and
role
different
State
and
148,000
6,998
3,945
4,610
850,000
18.000
50,000
prof, taxes
130,000
350,000
907,000
taxes.
Cr90,000
tax
profits
excess
Canadian
10,456
reduce current assets
...
income
Post-war refund of exc.
:
and
Axis
declared on July 2.
tAdd'l prov. to
$4,966,369
of Federal excess
plant
In
prophets
major
a
President,
company as an example,
is the prime contractor in
19,000
General
Net
'
refund
♦Property,
to
adv.
assets
Subcon¬
19,000
plants of other manufacturers in all parts of the country.
the
'
own
played
confounded
has
Wilson,
C. E.
59,314
Patents
•Less
tin
$194,820
income
dividends
Class A cash
.4—
Investment
June
last.
30,
Nearly
Corp.—Has
has
Sub-contracting
duction"
Interest
.
and deferred charges
expenses
April
70,000
24,000
______
2,500
1943
hand.
Inventories
Prepaid
28.
A like
The current
See also V. 157,
record
of
on
tractors, Suppliers—
5,000
2,500
,
receivable—
notes
and
issue
5,000
Boyce.-
&
Day
Inc.
Co.,
10,000
special accounts
Accounts
share on
stock,
per
p. 2448.
Miscellaneous expenses
& Co., Inc.
Ferris, Exnicios & Co.. Inc.
Albert McGann Securities
10,000
on
$1.25
quarter ended June 15, 1942.
5,000
/■
and
holders
this
of
cumulative prior preferred
the 5 7o
on
1s for the
dividend
a.
on
July
payable
was
distribution
Selling,
&
Crowder
Bros.
Taussig.
Minton,
&
Corp.—Preferred Dividend—
declared
have
accumulations
$100,
par
5,000
—
Inc.
Co.,
12,500
Post-war
Corporations
directors
account
7,500
5,000
Corp.
Pacific Co. of California—
20,000
Co.
C. Roney & Co..
Cash
Sheet, Dec. 31
Commissioner of
20,000
& Co., Inc
Sutro & Co.-
Consolidated Balance Sheet, April 30,
Taxation)
,
Shares
35,000
Co
Troxell
Street,
Salle
From January
Authorized
•
payable-
&
La
South
231
trustee,
Co.,
General Gas & Electric
The
Net
of April 30, 1943:
as
Dempsey-Detnjer & Co
record June 8. Payments in 1942 were
and Sept. 11, 5.3 cents.—V. 157, p. 2448.
Comparative Condensed Balance
filed
275,000
diversified line of products logically
a
Inc.
Co., Detroit—Balance Sheet—
Ford Motor
~
of
under
&
C. Allyn
Other
(As
the
Van Alstyne. Noel & Co.—
England—Interim Dividend—
holders of
to
Trust
&
$588,446
Hoist
Hydraulic
of Wood
name
Co
&
Hallgarten
cents per share was recently declared
receipts for ordinary registered shares,
follows: April 16, 5.4 cents;
.as
Bank
Total
$178,071
-
interest.
Chicago, 111,—V. 157, p. 1843, 1649, 1361; V. 156, p. 1049,
at July
$948,366
Shares
11.1
of
depositary
American
550,000
$1,045,682
—
$747,762
follows:
1,153,008
,
—
interim
the
rfigs--
tDue in installments from 1943-45.
of 200,000 shares of authorized but
1945,
2149.
Ford Motor Co., Ltd.,
An
$863,446
$1,595,682
$948,366
$747,762
agreement to Nov.
JTo be redeemed upon
issuance
unissued common stock
presently offered.
§Not including 200,000 shares now offered.
Underwriting.—The name of each underwriter and the number of
shares which each has agreed to purchase from the company are as
$1,331,079
the period
National
series B,
convertible debentures,
15-year 5%
outstanding
1951, have been called for redemption as of Aug. 1, 1943,
Payment will be made at the Continental Illinois
1,
and
payable Aug.
time
notes
Assets—
on
v
cumul. pfd. stock (par $10)
stock
(par $1)
Wm.
Balance
p.
2,295,253
by the company after the
•Renewable
30,
4,270,742
$220,245
income
157,
4,204,700
Common
$5,601,821
applic. to preferred stocks for
—V.
1,595,000
manufacturing capacity to war production.
peacetime
Sills,
Net
595,504
:
$5,546,826
54,995
$577,675
the
of
Dec.
102
115,864
Property—Company was incorporated in Michigan Jan.
and
McDonald-Coolidge
Divs.
165,281
1,228
$6,386,289
8,628
(net)
Gross income
etc.,
115,044
;
$5,545,598
$441,445
1,081
$576,043
Operating income
Interest,
56,875
$3,274,563
profit
Capital securities
1,983,333
—
income
51,528
$5,965,663
63,788
•;'
present
Emanual
Other
63,096
$2,658,410
into six major divisions.
J5%
$6,386,289
3,217,688
of
lease
from
Rent
$441,445
5,914,135
State
&
under
^Mortgage
2,100,000
175,000
$576,043
revenues
oper.
1,303,566
175,000
Prop, retire, res. appropr
Net
5,828,176
2,001,778
1,464,483
1943—Month—1942
1943—12 Mos.—1942
$1,635,484 $1,390,798 $17,890,806 $17,267,820
596,542
541,530
6,492,990
6,749,604
202,474
145,007
1,981,384
2,027,816
85,425
87,816
930,143
961,469
revenues
Operating
6,235,053
2,280,683
2,546,484
Co.—Earnings—
Florida Power & Light
6 Mos. End.
Year End.
39,181
prof, taxes
of
the
•Notes
Period End. May 31—
Federal
7,860,435
3,232,409
15,290,202
8,339,814
4,764,228
railway
from
Net
at
these
$1,407,053
sale and distribution
railway
from
Net
All
due
with
Oct. 31, '42 Apr. 30, '43
2,595,313
1,367,872
ad¬
rehabilitation
1922
resumed
From January 1—
Gross
such
almost 100% of its
Among the war
products being manufactured are included many of the company's
standard peacetime products with important improvements and adapta¬
tions for war purposes which did not require major changes in the
character of the company's operations.
In those instances where the
company has engaged in the manufacture of war products differing
widely from those of its regular manufacture, for example gun car¬
riages, such operations for the most part have been carried on with
separate facilities and with relatively small investment of new per¬
manent capital by the company.
$946,277
262,621
income.
oper.
of
post-war
&
combined
1940
$1,490,113
639,770
1,071,736
railway
from
Net
for
At
Inc.—35-Cent Dividend
1942
payment
& Body Co.
It
succeeded to the business carried on under that name by Garfield A.
Wood individually who, from September 1913 to the date of incorpora¬
tion, was engaged in the manufacture and sale of hydraulic hoist
and steel dump bodies for motor trucks.
The name of the company
was changed to Gar Wood Industries, Inc. on Feb.
8, 1934.
28,
a
1943
Net
Oct. 31, '41
oper._
Net profit
Business
a
$3,297,017
1,890,811
railway
from
the
for
10 Mos. End.
—_
Fed.
exc.
Balance
Ry.—Earnings—
Florida East Coast
May—
Gross
$8,000)
of Consolidated Income Account
income
just.
157, p. 1942.
and Oct. 31.—V.
from
for
Prov.
dividend of 35 cents per share on the
common stock, no par value, payable July 31 to holders of record July
10.
A similar distribution was made on April 30, last, compared with
45 cents on
Jan. 29, 1943, and 35 cents each on April 30, July 31
directors have declared
be
Corp.—Debentures Called—
General Finance
The directors have declared
the
The
to
$12,884,804 $19,364,427 $37,895,795 $22,588,303
income
inc. &
July 31 to holders of record
since July 31, 1933, when 6'A
Federated Department Stores,
will, upon
($10' per share) plus
at par
1943 to the date fixed for redemption.
1, 1930; none since.—V. 157, p. 1942.
per share was made on Sept.
sub-contractors
dividend of $1.75 per share on
7% cumulative preferred stock, par $100, payable Aug. 2 to hold¬
ers
of record July 20.
A distribution of $3.50 per share was made
on
this issue on May 20, last, which was
the first payment since
Feb. 1, 1938.
Arrearages after payment of the current dividend will
amount to $33.25 per share.—V. 157, p. 1648.
June 24 declared
directors on
of the
1,
(estimated
—
profit
Total
cents per share on the
Chicago—$1.75 Preferred Dividend—
(The) Fair,
The
funds
June
Year End.
Corp.—Resumes Dividend—
par
payment
share has been declared on the common
$5,
par
ration's
Other
declared a dividend of 15
directors have
value common stock, payable
July 15.
This is the first distribution
cents was paid.—V. 157, p. 2448.
•
from
Statement
Prov.
no
dividends
Interest & other deduct.
Exchange Buffet
The
the
to
accrued dividends will be taken from earned surplus.
2448.
157, p.
applied
be
Corp.—Resumes Dividend—
cents per
payable on July 20 out of net earnings subsequent to
Dec. 31, 1942, to holders of record July 9.
A distribution of 25 cents
Manufac¬
*'i
$
—
will
Dec. 31, '40
$1.40
—
Detroit
and
and
all of the company's 128,000 outstanding shares
preferred stock, which, upon the issuance and
be called for redemption
notice,
days'
Sufficient
1942
share
common
per
York,
2249.
dividend of 30
stock,
Detroit.
of
$300,000),
of
price
cumulative
accrued
and Federal
reserves
taxes
income
Earnings
of
maximum
Total
1943
Apr. 30—
Ended
Months
9
York,
New
New
augmented by general funds of the company
may be required for the purpose
(estimated to
which
extent
5%
15
Co.—Earnings—
Cleaner
Eureka Vacuum
Co.,
delivery by the company of the common stock now offered,
declared on the common
of record July 10. A like
Sept. 30 and Dec. 30, 194-,
on July 10, 1942, and 10 cents each on Sept. 30,
30, 1940.—V. 157, p. 440.
par
Bank
Trust
Irving
Purpose—Net proceeds,
to
$4, payable July 15 to holders
amount was paid on March 31, last, and on
stock,
National
Bank.
Chose Notional
The
Registrars:
allowance of 50 cents a share to deal¬
an
General Bronze
A
fixed price of $14 a
The offering was made at a
ers.—V. 157, p.
,
Industries, Inc.—Stock Offered—Formal of¬
A«rents:
turers
266,140
Co.—10-Cent Dividend—
share has been
737,412
,
Exchange.
Co.
of
10 cents per
of
dividend
1,069,128
Hallgarten
Trust
(par $5) by Lehman .Bros, and Hemphill, Noyes &
oversubscribed June 29 and the books have been
was
share net with
The stock was priced to the public at $5,875
Stock
Detroit
2041.
Electric Mfg.
Emerson
A
1940
$1,459,498
428,763
1941
$2,441,546
1,106,949
623,028
1942
$2,926,449
1,212,002
Co.
closed.
Other members of the underwriting group
& Co., A. C. Allyn and Co., Inc.,
McDonald-Coolidge & Co., Van Alstyne, Noel & Co.,
Johnston, Lemon & Co., Sills, Troxell & Minton, Inc.,
Dempsey-Detmer & Co., Wm. C. Roney & Co., Sutro: &
Co., Carlton M. Higbie Corp., Pacific Co. of California,
Shillinglaw, Crowder & Co., Inc., Stein Bros. & Boyce,
Taussig, Day & Co., Inc., Ferris, Exnicios & Co., Inc., and
Albert McGann Securities Co., Inc.
Listing—Stock Is fisted on the New York Stock Exchange and
dividend of $1.50 per share on
the
capital stock, payable July 1 to holders of record June 28.
A
like amount was disbursed on April 1, last, as against $6 per snare
on
Sept. 15, 1942.—V. 157, p. 1361.
Elgin Joliet & Eastern
p.
include
June 24 declared a
May—1943
Gross from railway
$2,767,265
Net from railway.™.
763,012
2,287,740
505,415
164,330
23,625
stock
share.
per
Dividend—
MfffCo.—Pays $1.50
The directors on
2,318,273
561,321
209,328
95,603
A
A -:
income—
2448.
oper.
uel & Co.
81,417
<24,441
30.1
National Power & Light Co.
82,873
8,844 10.7
The above figures do not include the system inputs of any companies
iwt appearing in both periods.—V. 157, p. 2447.
Electric Power &
3,347,421
175,484
fering of 200,000 shares of common stock (par $1) was
made June 29 by a banking syndicate headed by Eman¬
—Increase—
•
108,148
5,538,191
2,647,489
1,337,397
1—
Gar Wood
kilowatt-hours-
241,953
■'
railway—
157,
—V.
$467,239
railway
from
from
Net
1940
$530,936
144,222
56,907
income—
oper.
From January
Gross
inputs of client operat¬
1943, the system
the week ended June 24,
railway—-»
from
ry.
Input—
Services, Inc.—Weekly
Ebasco
For
Net
Net
-
1941
$1,117,551
504,666
railway
from
Gross
1942
$665,697
1943
/■:
Gay lord Container,,Corp.—Offering Oversubscribed—»
secondary distribution of 30,000 shares of common
City Ry.—Earnings—
Fort Worth & Denver
both payable July 2
of record
Monday, July 5, 1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
86
cost
Canada
230,400
paid
$481,112
230,400
$368,528
230,400
of
products sold but before providing for depreciation,
to Control Board rate of exchange in effect at April 30,
1941.
April 30
Consolidated Balance Sheet,
1943
$1,212,408
Assets—
Cash
—
cos.
78,923
1,824,730
4,446,695
240,033
38,471
88,836
1,182,898
2,228,049
882,972
2,068,318
1
109,127
72,898
assets
33,311
amortization)
(less
Patents
Investment
146,331
.1,989,797
3,578,722
333,547
:
Inventories
Other
1942
$945,066
146,331
Marketable securities
Notes and accounts receivable
advances to
and
subs. &
affil.
_______
1942
AsSCt^
and
Mach'y
Inventories
etc.
;
•Cash
charges
Deferred
i
..''.
1939
$
$
\
130,378,907 143,924,800 134,056,274 129,309,938
-
equip.,
^
1940
1941
^
"
estate
Real
Timber
190,552.813 200.609,863 187.823.423 163.875,337
110,959,162 142,748,017 101,469,372
87,499,430
380,646,062 230,580,916 288,922,676 309,216,442
542,935
796,761
918,139
2,010,802
Total
691,911,949
Liabilities— '
stock
Capital
Accounts
.
($5
payable,
Reserves
Profit
and
loss
17,264,500
par)
17,264,500
17,264,500
Advances
Accounts
—
813,079,879 718,660,357 713,189,884 691,911,949
Total
•Includes
etc.—V.
notes
and
accounts
receivable,
securities,
patent
Federal
installments
The
Capital
have
holders
lip
all arrears on the
a dividend
of 75 cents per share on
preferred stock, par $1, payable July 20
13.
This payment,, it is announced, clears
preferred stock.—V. 157, p. 1922.
—
,
of long-term
banks
: 1,022,732
■
stock
(par
4,758,097
—
45,000
5,400,000
liabilities
:
consolidated
______
surplus
1
$10,893,144 $10,754,360
Total
Liabilities-
payable (current)—
Accounts payable
Notes
—
i.
Federal,
Dominion and State income taxes
payable to unconsolidated sub
Other
notes
payable
•Capital
Earned
i
—
Reserves
;.
—,
;
stock
$1,600,000
455,490
177,055
825,000
28,233
1,280.000
800,000
858,420
4,137,113
Account
$602,680
409,511
151,627
1,978,062
123,657
30,000
1,372,310
2,491,113
3,708,756
1,708,239
7,598
interest—.—
and
taxes
„
•;
—
—
•
__^—
110,000
adjustments and rehabilitation
$1)
charges
Accrued
__
-
Deferred
surplus
52,500
811,389
2,491.113
3,476,405
1
cost, less
reserves
:
for depreciation and
■
$23,392,887
amortization of $2,151,847.
$10,893,144 $10,754,360
Total
by
•Represented
64,000
both of no par value.—V.
class A shares,
157, p, 2348.
and 54,000 class B
shares,
Listing of Additional Common Stock—
The
declared
of record July
to
^
taxes
profits
surplus
Earned
On Preferred Stock—
directors
properties
buildings, equipment, etc.
rights,
Engineering Co., Inc.—Pays Ar¬
$1.50 cumulative dividend
to
for post-war
Common
$2,053,064
2,075,230
excess
Minority stockholders' interest in subsidiary
5% cumulative preferred stock—
157, p. 2448.
rearages
-
—
—
^
and
pavahie
Total
Eoundation Industrial
;
payable
Income
Reserve
•At
the
contracts
liabilities
Accrued
Notes
on
Long-term liabilities
17,264,500
etc.- 148,263,891
68,980,406 70,425,746 59,534,537
23,978,096
19,736,920
17,871,249 13,873,406
623,573,392 612,678,531 607,628,389 601,239,506
Land,
Goodwill
Current
813,079,879 718,660,357 713,189,884
Total
$23,392,887
_
Liabilities—
New
York Stock Exchange
additional shares of common
an"°.
p.
making
2448.
has authorized the listing of
(oar $1) on official notice
stock
the total amount
applied for
"•
;
200.000
of issu1,000,000 shares.—V. 157,
Giddings
The
on
the
&
directors
common
on
Lewis Machine
June
stock,
28
declared
payable July
a
Tool
Co.—25-Cent
dividend of 25 cents
16
to
holders
of
per
record
Div.
share
July
6.
Volume 158 / Number 4191
similar
A
April 20, last. : Distributions in 1942
July 13 and Oct. 15, .25 cents each, and
as
follows:April 20,
29, 50 cents.—V. 157,
were
t»ec.
i
payment was made
THE COMMERCIAL* & FINANCIAL CHRONICLE
3 Months Ended—
Retail
""Net
sales
Earns,
108,409
83,324
$0.49
:
Oper.
$0.37
101,085
Y
Great Northern
Net
•
$0.45 .Y;
$0.56
Gross
1943
1942
1941
1940
from
railway.... $15,526,207 $13,169,999 $10,956,988
railway6,832,585
5,507,749
4,689,174
oper. income
2,635,693
3,631,228
3,554,235
January 1—
ry.
From
Gross
Net
from
railway
railway—
from
Net ry.
—V.
68,597,967
52,246,448
22,989,035
16,628,653
9,717,725
8,631,423
income
oper.
157, p.
Net
$9,119,723
May—
Int.
2,603,113
39,024,172
11,161,155
6,665,018
From
Gross
ry.
—V.
$237,847
$182,854
$131,898
94,856
64,853
51,458
21,744
$176,216
54,441
29,302
1,106,705
914,593
804,517
295,732
264,332
income
272,924
151,681
139,976
157,
Chancery
29,653
Net
13,999
into
Net
Net
Net
ry.
1941
48,306
50,076
*71,994
20,976
21,312
from
ry.
railway
income
oper.
157,
1940
59,142
$9,894,533
2,807,104
dividend
A
of
75
accumulations
holders of
to
cents
per
the
6%
on
record
June
1,996,089
374,254
1,243,530
14,667,428
_
47,161,575
40,228,407
22,091,672
9,895,430
13,676,417
8,613,591
4,554,039
9,939,407
share
1942
1943—5 Mos,
19.
preferred
like amount
A
$
$
103,103,235
78,463,790
14,360,918
_
18,055,683
10,824,431
66,243,403
7,231,252
36,859,832
Ohio
nancing Issue—
*
An
$18,217,000
road
in
The
«
16,231,349
11,669,149
rents
(net Dr)
596,095
...—
income-
oper.
ry.
566,653
3,698,794
income
2,610,544
3,394,594
1,801,062
avail,
rent
106,228
367,193
368,870
7,867
26,290
3,798,810
3,492,955
18,358,842
14,331,965
for
leased
and
other
1,201,988
1,351,362
income
2,596,822
2,141,593
series
6,108,553
6,674,318
on
March
April
at
Gross
1,
from
Net
from
Net
ry.
1941
of
first
on
lien
first
a
In
G.
the
M.
the
trust
&
the
—V.
trust
series
Zt
and
under
the
Both
series
of
But no offer
which would
a
second
a
first
lien,
and
$747,182
$591,801
$496,705
312,262
351,558
233,541
to
be
indenture
to
become
create
issued
the
secure
the
The
211,469
142,974
96,156
is
the
road's
The
bonds
A
Co.,
Inc.,
$500,000
1949,
a
new
series
as
1,
mean
May—
July
and
whole
a
an
or
immediate
series
1
in
exceeding 4%
reduction
each
on
trust
collateral
A
July
on
$2,500,000
of
Net
railway
railway—.
from
ry.
oper.
July
bonds
of
Net
—V.
oper.
157,
p.
cash;
2.12
of
J.
1,
of
the
to
and
cents
2.65
share
per
cents
has been
was
made
on
these shares
on
office,
dential
been
have
offices,
John
and
Va.,
office,
Zollinger,
E.
appointed
declared
Feb.
1,
last.
follows:
as
on
In
Jan.
IBM
and
the
accumulations
at
H.
'
on
Gross
Net
to
fill
Roy Stephens, execu¬
manager of the Washing¬
LaMotte,
elected
Garland
was
B.
elected
two
dividend
lative
of
Eastern
railway
25.
1941;
none
Net
'
•
from
'
The
1941
of
$1,911,264
$1,602,884
615,069
Briggs,
Assistant
company
of $117,000 of
at
sales
manager,
and
Clarence
Christ-
W.
Applications
290,741
Bank,
1942,
April
to
in
$1.50
share
1943
in
the
and
share
per
share
per
dividend
a
on
the
20,
April
of 20
20,
of
per
etc.
Class
to
$2,086,000
per
annum,
both
annum,
remainder.—V.
cents
record
last,
as
20,
share
per
July 10.
against
following payments
July 20 and Oct.
157.
cents
the
on
A
40
simi¬
cents
made:
were
20
(& Subs.)
on
Jan.
each.—V.
20,
157.
expenses
1,791,664
than
excess
&
■
241,900
profits
tax
lieu
in
307,753
taxes
296,934
287,823
1,124,430
1,085,176
991,182
excess
196,580
profits
53,660
&
$3,117,380
Dr296
pfd.
Dr 1,845
Crl.417
$3,118,797
386,683
$3,229,474
1,531,206
$478,029
$416,484
$1,698,268
$1,551,920
114,016
114,016
94,680
~™_™
Cr2,556
$803,167
94,680
5 378,722
$207,787
$863,480
1,566,877
stock
Kentucky Util. Co.
on 7. jr. pfd.
stk.
Balance
157,
397.946
$3,231,319
$857,514
379,485
deducts.
67c
on
156,340
$800,611
$857,810
$269,332
other
Net income
—V.
1,186,289
in¬
of
196,580
income
income (net)
Divs.
1943—12 Mos.—1942
$3,360,017 $13,268,055 $12,732,811
1,902,989
7,412,351
7,101,874
Fed.
profits
income
■Earnings—
1943—3 Mos.—1942
Gross income
456,066
,
456.066
X'
378,722
$717,132
2044.
p.
Kroger Grocery & Baking Co.—Sales
Up—
Period End. June 19—
1943—4 Wks.—1942
$
$
32,839,401
The
same
number
average
of
stores
1943—24 Wks.—1942
$
$
194,838,044 167,081,031
during the four weeks
29,018,265
in
operation
June 19,
1943 was 3,072,
compared
period in 1942.—V. 157, p. 2152.
with
3,366
stores
in
the
(G.) Krueger Brewing Co.—12 V2-Cent Dividend—
$1
dividend
par
This
of
Jan.
on
12y2
cents
stock,
common
with
compares
each
•Earnings-
1942
16,
share
per
has
been
declared
the
on
payable
7V2
July 16 to holders of record July 9.
paid on April 16, last, and 12»/2 cents
Jan. 16, July 16 and Oct. 16, 1942.—V.
cents
1943,
and
1181.
p.
Lake
1941
1940
596,088
259,199
83,006
329,809
399,028
110,028
*53,010
7,318,516
5,342,010
4,680,015
1,790,544
1,014,874
434,502
Net
from
1,910,552
977,523
319,817
*237,583
Net
ry.
9,125,895
2,942,970
1,733,114
1,401,281
&
exp.
Other
maint
of
Delaware—Earnings—
1943—Month—1942
$396,293
$377,732
1943—12 Mos.—1942
$4,651,663
185,355
157,791
2,119,041
1,933,655
26,450
25,950
369,900
328,125
47,167
542,031
569,123
40,000
40,000
480,000
the
7%
15.
A
was
paid
cumulative
similar
599,710
earnings-
oper.
income
Total
$98,836
$106,825
$1,140,691
$1,290,233
3,137
3,175
38,505
37,685
net
,
earnings—
$101,973
$109,999
$1,179,196
$1,327,918
Int.
on
mtge. bonds—_
33,333
33,333
400,000
494,762
on
oth.
15,886
18,707
206,853
165,582
June
on
preferred
distribution
25
account
on
stock,
was
par
made
on
$20,
&
fund,
oth.
debts
deduc,—
13,840
14,617
165,630
133,023
$38,913
-V.
share has been
income
par
declared
$100, payable July
$2.50 per share
of
17
was
on
to
the
$43,343
$406,713
$534,551
157, p. 2450.
Kansas Gas & Electric
Operating
made
on
of
have
declared
dividend
a
of
25
cents
per
National
Bank
of
common
Operating
cumu¬
record
July
30,
share
on
67o
55,125
Corp.
and
532,902
213,411
2252.
p.
:
•
of Delaware—20-Cent
declared
the
usual
a
Common
Div.
dividend of 20 cents per share
semi-annual
dividend
of
$1.50
on
the
share
per
preferred stock, both payable July 15 to holders of record
8.
distribution of 35 cents per share
Dec. 28,
last,
as
against 20 cents
was
on
made
on
the common
July 8, 1942.—V. 157,
p.
stock
640.
Lee Rubber & Tire Corp.—75-Cent Distribution—•
A
dividend
stock,
of
75
cents
payable Aug.
bution
was
1942.—V.
made
2
157, p.
on
share
per
to holders
Feb.
2252.
.
1,
.
last,
of
has been
record
declared
July
and on Feb.
15.
on
the
common
similar
A
1, Aug.
1
and
distri¬
Oct.
26,
.
Lehigh & Hudson River Ry.—Earnings—
May—
1943
1942
1941
1940
$244,248
$340,835
Net
from
$188,631
$144,200
99,997
177,196
78,080
Net
51,737
ry.
24,693
36,390
37,608
23,679
1,401,453
1,446,400
833,994
666,958
657,243
718,122
311,058
222,414
151,736
214,198
137,227
91,103
Gross
from
railway—™
railway
oper. Income.™
From
Gross
January 1—
from
Net
from
Net
ry.
—V.
railway—
railway
income
oper.
157,
2152.
p.
revenues
expenses
—
$689,376
268,408
$600,446
May—
1943—12 Mos.—1942
Gross
1943
from
$8,223,928
$7,242,296
Net
from
Net
ry.
240,416
3,246,113
2,816,482
142,659
86,399
547,158
645,699
52,935
57,870
1,205,731
875,848
Gross
68,667
62,500
780,833
732,500
Net
from
Net
ry.
Other
—
taxes
taxes
of
limited-term
investments
125
125
1,500
1,596
$456,582
$153,136
$2,442,593
$2,170,171
644
Drl8
8,392
$157,226
$153,118
$2,450,985
$2,172,771
79,151
72,262
936,814
908,925
income
$78,075
$80,856
applic. to preferred stocks for the period
Net
$1,514,171
$1,263,846
520,784
520,784
$993,387
$743,062
oper.
Other
revenues
income
Gross
(net)
income
Interest., etc.,
>
2,600
deducts..
oper.
-V.
157, p. 2349.
1941
1940
$497,905
177,968
111,939
$453,587
$372,067
201,592
143,117
132,693
104,002
2,597,781
income
—V.
railway
railway
oper.
2,285,064
776,768
478,536
1,825,063
1,715,158
157,
953,725
income—
594,597
675,280
568,358
499,302
442,953
2152.
p.
Lehigh Valley RR.—Earnings—
1943
May—
-
1942
$555,571
233,181
143,780
from
Gross
from
Net
from
ry.
railway..
oper.
from
from
Net
ry.
income.
—V.
157,
p.
1941
1940
$6,050,793
$4,790,493
$3,863,695
1,714,578
1,674,672
733,728
1,017,147
1,108,661
636,262
36,638,688
27,512,919
21,524,137
7,078,547
4,252,292
1—
railway-
railway
oper.
1942
$7,494,666
2,022,114
875,128
,™
railway
From January
Gross
Net
Balance
railway
railway
From Jan. 1—
Net
Co.—RegistrarCity of New York has been ap¬
and preferred stocks.—V. 157, p. 2251.
199,704
income™.
stock
—
Federal
Divs.
the
650,563
408,992
271,196
: v "
590,571
11,386
*67,686
Lehigh & New England RR.- •Earnings—
Co.—Earnings
1943—Month—1942
15
pointed registrar for the
624,066
307,925
March
Period End. May 31—
5%
holders
1,152,451
188,873
railway
railway
oper.
Prop, retire, res. approp.
per
156,992
1,151,983
income
oper.
362,304
to
April 10, June 20 and Sept. 21, 1942.—V. 157, p. 1362.
$3.50
the
A
$433,088
January 1—
The directors have
July
1940
$526,238
384,157
267,306
from
common
on
1941
$525,851
480,000
taxes
Prov. for retirements—
Net
$4,601,136
45,652
inc.
Fed.
taxes
Net
share
ry.
Lamson
115 West Monroe St., Chicago, 111., or at the
140 Broadway, New York. N. Y.—V. 157, p. 1944.
earnings...
oper.
&
1,750,757
per
Net
Gross
1942
$338,162
202,390
railway
railway
♦Deficit.—V. 157,
Southern Utilities Co.
Iowa
1943
from
from
2349.
7,605,875
4,007,205
cents
Gross
Net
From
has called for redemption as of Sept. 1, 1943 a total
gold bonds, series A, due March 1, 1958,
Payment will be made at the Harris Trust & Savings
Period End. April 30—
Superior & Ishpeming RR.—Earnings-
May—
$930,793
corporate trustee,
Gross
162,785
11,763,143
Hooker Electrochemical
Chase
of
earnings would be equal
$553,955)
$1.50
for
declared
made
was
oper.
Other
157,
1st mtge. 4!/2%
and int.
103
Net
The
at
$3,395,707
excess
A
Int.
on
July
&
Charges
Treasurer.
401,689
449,462
accumulations
payable
Fed.
Iowa Power & Light Co.—Bonds Called—
The
1940
since.
directors
to
revenues
other
inc.
5,144,668
ry. oper. income
*Deficit.—V. 157, p.
State
on
the $2 cumulative class A
stock, no par
to holders of record July 5.
This compares
with 50 cents each paid on April 15, last, and $1 on Jan.
15, 1943.
Disbursements during 1942 were as follows: Jan. 31, 50
cents; and
July 15, 25 cents.—V. 157, p. 2042.
value,
Taxes,
Federal
12,103,628
railway
railway
Home Dairy Co. (Mich.)—25-Cent Class A Dividend—
account
have
In
and
Operating
Operating
878,115
Net
.
•
share
shares
profits taxes for the nine
$5,809,551 (before post-war refund
entitled
receives
Period End. March 31-
$1,167,932
railway-
from
Gross
Amort,
J.
equally,
1943.
$1,741,579
oper.
Other
distribution
A
20,
$2,443,650
income—
From January 1—
ry.
Oper.
16,411,556
6,641,734
2,191,960
preferred stock,
June
stock
257,982
taxes,
excess
stock, payable July 20 to holders
cents;
1271.
p.
newly created Vice Presi¬
previously manager of the
previously manager of the Cleveland office, has
1943
from
from
Net
1953.
The $8,700,000 of
mature wholly on July
Highland Dairy, Ltd.—Accumulated Dividend—
A
share
B
distribution
Jan.
Corp.—Promotions—
International Great Northern RR.-
to
331,962
holders of record June
25, last, and
class
is
$2.44
profits
refund.
tax
estimated
and
refund,
and
amounted
stock
A
$1,340,375
J$2.65
excess
1942,
that
announces
L.
has been appointed manager of the Department of
World Headquarters in New York.—V. 157, p. 2151.
Amort.
of
lar
ended
President,
IBM,
been
Class
and
Kennedy's, Inc.—20-Cent Common Dividend—
and
of
of
post-war
taxes
Class A
The directors
in¬
1950
years
2348.
15
after
common
2.95
Watson,
income
§$1,452,388
2349.
p.
•
20,
Guaranty Trust Co.,
1,081,859
income
of
(2)
773,752
431,400
Hawaii Consolidated Ry., Ltd.—15-Cent Dividend—
A divdend
.
$0.80
income
May 31
profits
1943—9 Mos.—1942
$438,710
;?,v $0.88
■
shares
§Before
1942.
2,419,766
1
May 1, 2Vfe% in stock; Aug. 1, 2.24 cents in cash;
in stock.—V. 157, p. 1180.
would
$2,868,507
1,261,336
income
from
ry.
in
1, 2% 1o
Norfolk,
$2,817,000
bonds
1944
years
each
would
trust
1942
$3,075,122
railway
from railway
Net
514,938
338,527
Federal
Federal
excess
of
dividends
paid
assistant
for the
From January 1—
Gross
360,090
{Including post-war tax
share.
a
months ended
on
the
in
1
1943
.
from
Net
559,271
Shares, payable Aug. 1 to holders of record June 30.
Group
ton
1958.
Gross
959,408
769,195
man,
Earnings for May and Year to Date
.
936,863
562,446
251,323
1943—3 Mos.—1942
290,285
Notes—(1)
Int.
2,638,448
1,299,773
572,193
International Business Machines
issues.
new
of
distribution
Thomas
debt.
$400,000
collateral
B
996,986
531,417
$481,425
depreciation,-
stocks,
$3.66
;
.
dividend
tive
$6,700,000
has
3%%
on
and
inclusive,
1952,
new
would
new
cluding
3,297,082
1,679,130
May—
outstanding
proposed
mature
1,084,439
,
Sales
also has agreed to lend the G. M, & O.
$8,700,000 to
by a like amount of new series B bonds bearing 4% in¬
terest
and
maturing July 1, 1958, provided there is no better bid
for the bonds and upon condition that the old loan to the
road is
repaid.
To
guard against the contingency of being unable to sell the
B bonds publicly on the terms
offered, the G. M. & N. at the same
time; filed an application with the RFC for a loan of
$8,700,000, to
be secured by the pledge of a like amount of B bonds.
It is hoped,
the application
indicated, that the RFC borrowing will not be needed.
in
B
Net
now
RFC
refinancing
3,870,796
income.™
company
Nov.
secured
The
56,703
397,916
a
agreed to make a bid of par plus
accrued interest with coupon rates which will
produce an interest
.cost to the road of not exceeding 3%% for the series A
bonds, with
the right to make a better bid at
open sale.
be
65,458
in
year for the series
bonds as a whole.
Halsey Stuart &
cash
A
bonds will be offered at
competitvie bidding.
accepted for less than par and accrued interest
the average interest rate greater than 3% %
be
result
cash
Insurance
new
will
railway
railway
oper.
157, p. 2151.
A
A
trust
93,119
77,212
1,670,439
874,946
share—_f'
per
combined
166,360
112,774
income—
t
refunding
would
authority
would
1940
$180,390
108,742
Institutional Securities, Ltd.—Cash Distribution—
bonds, to bear interest not exceeding
$8,700,000 series B bonds to bear interest
collateral
new
tOn
Divs.
per annum and
exceeding 4 %.
also asks permission to issue conditionally
$23,100,000 of first
refunding 5% bonds, series C, to be pledged with the trustee
not
B
now
company asks
under
which
indenture
'•■!2%%
;
O.,
formerly of the G. M. & N.
It
properties formerly of the Mobile & Ohio.
application,
collateral
the
properties
lien on
its
collateral
of
the
from
cents
consummation
1941
$200,527
1,583
2151.
p.
"After
1940
railway
oper.
ry.
$15,400,000 of two new
together
with
approximately
total outlay of $18,921,000.
of the refinancing,
a
Upon
mortgage
157,
•Earnings
r
taxes
1942
$752,559
railway-
from
Gross
bonds—proceeds
of
which,
$3,600,000 of treasury cash, would be used to retire $9,437,000 of
Gulf, Mobile & Northern first mortgage 5J/2% bonds maturing Oct. 1,
1950, and a Reconstruction Finance Corp. loan of $8,780,000 due
May 1, 1950.
Including redemption premiums, the refinancing would
Involve
—V.
Co.—Earnings1943
May—
of
of
50
143,861
income
oper.
come
Illinois Terminal RR.
$100,
,par
Net
issuance
of
1942
Kentucky Utilities Co.
charges
account
on
stock
RR.—Proposes $18,000,000 Refi¬
the
dis¬
follows: ^
year-end
a
19,924
fixed
47,189
Net
filed
22,
32,165
railway
railway
from
ry.
fix.
J——
railroads
operation was proposed June 29 by the
with the Interstate Commerce Commission.
proposes
Net
13,983,019
1
9,023
for
charges
/
applications
Dec.
as
$267,936
railway
from
Net
50
18,017,939
109,039
deductions
Income
refinancing
company
and
common
similar
$201,882
railway
ry. oper. income
From January 1—
Gross
27,453,230
3,270,005
From January 1—
&
each;
A
were
51,010,560
*75,855
as
from
classes
$
7,814,630
522,035
disbursed
was
cents
Net
then
1942
3,519,741
*20,969
paid on June 30
was
cumulative
record July 1.
Payments in 1942
1943
from
in
12,250,289
7,657,647
*After providing for Federal income taxes.—V.
157, p. 2150.
31, last, and in each quarter during 1942. Arrearages
.1943 amounted to $45.75 per. share.—V. 157, p. 898,
Gulf Mobile
Gross
$7,593,403
Guilford Realty Co.—Accumulated Dividend—
of
75
the
on
of
Kansas Oklahoma & Gulf Ry.
tEarnings
66,719,811
*Net
211,697
'"101,912
2150.
p.
1941
frm. ry. oper.
4,410
J
720,525
196,835
51,966
834,352
holders
Period End. May 31—
"Net
profit
22,175,548
expenses
rev.
Int.,
1,159,406
86,906
share has been declared
per
to
Jan. 15, last.
May—
$100,940
income
"Deficit.—V.
income..
revenues
oper.
Net
1940
$155,062
*33,581
railway
$182,133
Railway tax accruals..
Equipmt. and jt. facil.
January 1—
from
86,732,410
29,742,687
_
railway-.
oper.
Other
1942
$185,568
1942
$18,172,345 $15,620,432
5,749,447
6,230,872
2,711,572
2,677,106
_
income..
oper.
Miscel.
1943
railway
from railway—
Net
railway
railway
oper.
ry.
Ry.
$205,836
from
$75,798
RR.—Earnings—
1943—Month
RR.—Earnings-r
May—
Net
Central
from
Net
Gross
592,771
$36,057
15
and
of
a
Gulf & Ship Island
From
$410,638
556,521
Period End. May 31—
effect
oper.
$480,722
118,554
Earnings of System
reorganization plan approved by a majority of
the company's stockholders at a meeting in
Flemington, N. J., May 27,
continued until then.—V. 157, p. 2348.
Gross
$82,497
1943
from
,
proceedings against the company have been again post¬
July 13 and a temporary restraint against officers from
until
740,663
110,387
$5,072
January 1Gross from railway
Guantanamo Sugar Co.—Action Delayed—poned
695,336
$105,315
—
from
Ry.
putting
*
147,993
cents
on
July 15,
cents.—V. 157, p. 730.
53,492
$1,151,301
From
2150.
p.
49,294
$1,176,059
.
101,135
oper.
9,783
$230,490
138,503
192,039
income—
15
Net
690,116
424,257
railway
January 1—
Net
Jan.
50
July
made
was
$1,097,809
8,911
adjust, inc. bds.
Net ry.
1940
railway
from
$1,126,764
payable
tribution
Kelsey-IIayes Wheel Co.—Earnings—
Net
1941
from
Net
$220,707
inc.
income——
on
Illinois
RR.~Earnings1942
oper.
2,313,755
$243,818
„——
Deficit
32,489,257
8,657,784
4,316,715
railway
railway—
from
ry.
2,755,346
■
of
—V. 157, p. 2449.
1943
Net
$234,907
May—
Green Bay & Western
Net
457,031
$3,411,564
Kokenge Co.—50-Cent Distribution—
dividend
stock,
$3,882,110
3,684,561
2150.
from
'•
542,483
v
adjust,
on
Gross
Gross
$677,738
charges excl. of
bonds
Ry.—Earnings—
w
income
Income
from
Net
taxes
Operating
income
Non-operating income-
125,170
int.
Gross
$777,390
A
1943—5 Mos.—1942
June 1, '40
•After depreciation, Federal taxes, etc.—V. 157, p. 2042.
May—
&
expenses
Julian &
Co.—Earnings-
1943—Month—1942
cap.
—
™_
Period End. May 31—
Gross oper. revenue
$9,194,201' $8,289,590
$10,911,666 $10,435,463
share of
per
stock
X
May 29, '43 May 30, '42 June 1, '41
profit
Hudson & Manhattan RR.
1844.
p.
Grand .Union Co.—Earnings—:
'
87
on
income.
2152.
.„
12,345,092
8,042,811
5,516,607
3,579,650
19,125,851
5,046,312
2,297,175
t
Leece-Ncville Co.—30-Cent
declared
have
directors
fund debentures due
Aug. 1, 1950, have been called for redemption as of Aug. 1, 1943 at
100 and interest.
Payment will be made at the Manufacturers Trust
Co., 45 Beaver St., New York, N. Y.
\Z;Z/•:'■//Z/Z■:/
These debentures were originally issued in registered
form to more
than 700 holders on Aug. 1, 1940 in the amount of $165,000.
Opera¬
tion of a sinking fund has reduced this issue to approximately $130,000
presently outstanding.
Payment of this balance on Aug. 1, 1943 will
retire the company's sole remaining funded debt.—V. 152, p. 2400.
Co.—To Vote on MergerSurviving Company to Refund Debentures—
L. P. Pearce,
Secretary, in a notice dated June 29, to holders of
5Va% convertible sinking fund gold debentures due Jan. 1, 1953, said
debenture
The
debentures
*'
r,v''
in substance *
were
"■*
■/•»/.• ■ • ►*.-
»"*■•
■
agreement, pursuant to which the
issued, provides that the holder
.?
aabove mentioned
of any debenture
preferred stock,
preferred stock
certain interest
adjustments,
by surrendering the debentures, with all unmatured
coupons thereto annexed, for cancellation at its office in the Borough
of Manhattan, City of New York.
Said section further provides that
the right of conversion, as to any debentures called for redemption,
shall cease on the 15th day prior to the date fixed for redemption.
The company has appointed Bank of the Manhattan Company, 40
Wall St., N. Y. City, as its agent to effect the foregoing ^conversion
of debentures
into preferred stock if :any debenture holder elects
tal
the same into Lexington $6 cumulative
value, on the basis of 10 shares of such
for each $1,000 principal amount of debentures, with
without
to
/
convert.
so
-The directors
said Agreement to be held on July 24,
the principal office of the company, 328 Main St., Columbia,
at
1943,
°The
Electric Ss Gas Co. will be the surviving company
and will continue its present name and will carry on its business as
heretofore conducted" as well as the business formerly conducted by
Lexington, and will have all the powers and rights and will be subject
to all the liabilities of South Carolina company and Lexington.
The Agreement of Consolidation further provides that each share
of $6 cumulative preferred stock, without par value, of Lexington will
be changed and converted into 2 shares of 6%
preferred stock, par
$50 per share,
of :, the surviving company.
If any debenture holder
elects to convert his debentures into $6 cumulative preferred
stock
of Lexington prior to the consummation of the proposed consolidation
and merger, he will receive 10 shares of $6 cumulative preferred stock,
without par value, for each $1,000 principal amount of debentures so
converted, with appropriate interest adjustment.
If the conversion
is effected prior to the date of the meeting of stockholders referred
to above, holders of shares of $6 cumulative preferred stock will be
entitled to vote for t>r against the proposal of consolidation and merger
at the aforementioned stockholders' meeting.
If the consolidation
and merger becomes effective, each share of $6 cumulative preferred
stock will be changed and converted into 2 shares of 6%
preferred
stock, par $50 per share, of the surviving company unless the holder
thereof votes against the proposed Agreement of Consolidation at said
special meeting of stockholders, and, within 20 days after said Agree¬
ment has been
filed and recorded, makes written demand for the
value of his stock in cash.
in the event that the debenture holder does not elect to convert
his debenture as aforesaid prior to the consolidation and merger, he
will still have the right to convert after the consolidation and merger
Gross
157,
tion.—V.
2349,
p.
reserve
Net ry.
Net
railway
from
Gross
railway
from
Period End. May
income
—V.
for
'
com.
2451.
p,
stock,
common
30.
1942
declared
May—
from
Net
Net
railway
from
ry.
—V.
*.
$2,461,376
1,394,431
$1,167,862
162,248
Int.
$1,066,945
50
487
157,
p.
769,411
373,642
•
income
2045.
Net income
595,920
244,421
521,701
219,162
$146,622
$1,067,432
$537,530
49,963
68,760
293,642
336,790
$200,740
$773,790
$77,862
$176,473
.
123,912
128,999
Net
from
Net
ry.
railway
railway
$1,705,770
$1,213,571
$856,709
$706,948
railway...
716,365
505,879
351,197
232,309
income
203,684
from
Gross
from
Net
Net
ry
railway
.oper.
139,029
191,066
241,684
From Jan. 1-—
railway....
8,128,133
5,213,787
railway
oper. income...
3,448,756
2,067,488
1,666,677
3,328,209
1,144,639
999,535
1,033,278
897,466
oper.
from
Net
from
Net
ry.
—V.
157,
$898,178
198,506
110,148
•
1,588,475
income.
2153.
p.
3,963,389
782,123
Net
from
Net
ry.
—V.
4,051,285
-/
Wisconsin Central
(Excludes
Total
revenues
"Total
expenses
_
Net
ry.
5,830,262
3,276,960
■
Net
from
Net
ry.
—V.
1,331,259
2,095,561
$1,935,476
128,625
641,741
$1,293,736
Dec.
net
for
avail,
Crll,364
Drl3,165
Crl55,439
Dr86,269
$1,362,905
Cr24,934
$191,800
Cr9,708
not
Operating
Operating
Federal
interest
expenses
-
accrued
being
of
Amort,
61,196,683
44,817,621
39,752,345
9,728,046
railway....__
38,409,852
22,416,705
income
10,989,234
8,363,360
14/374,024
9,046,678
6,391,391
directors
$10
par
This
22.
compares
Distributions
last.
Inc.—75-Cent Distribution—
share on
stock, payable June 29 to holders of record June
with 50 cents paid on Jan. 20 and on April 15,
during 1942 were as follows: Jan. 12, 75 cents;
April 20, $1; June 25, 75 cents; and Sept. 26,
books
corporate
on
$1.25.—V. 157, p. 1462.
directors
have
accumulations
of
payable July'31
made
was
1943,
on
on
declared
the
a
942,110
750,000
571
6,873
1,887,927
2,044,071
$436,854
$284,717
$6,336,951
$6,072,086
13,174
Brl,921
$450,028
205,714
$244,314
Net oper.
preferred
stock,
par
to holders of record June 30.
A similar distribution
1, 1942; none since.
Arrearages as of March 2,
155, p.- 1922.
$308,334
$254,264
584
Divs.
..
.
:/
8,383
"
—V.
the
have
declared
a
dividend
of
20
cents per
$3,157/893
1,602,991
1,662,578
1
$181,354
$116,296
$1,899,317
989,228
capital stock, par $1, payable July 23 to holders
compares with 75 cents paid on Dec. 12, last,
This
June
9,
1942.—V.
155, p. 2008.
to
1943
1942
$144,211
46,033
railway
$129,075
45,406
30,202
21,660
income
1—
.
•
directing
May—
income
J725,640
284,923
140,458
2153. ',,"./
157,
p.
on
from
ry.
of record July 2.
and: 25 cents on
Gross
Net
Net
'o'/Z.
from
railway
railway
income...
January !— /
'
"
oper.
from
from
$3,748,284
$3,104,258
the period
for
957,534
957,534
$2,146,724
Kadien
"cease
to
company
had
directed
and
desist
refusing to
from
the company's store at
150-16
V///Z '
Queens.
the
,
order of the
New York State Labor Relations Board issued in January., The com¬
pany said
that it had not refused to bargain collectively, but had
refused to make certain concessions asked by the United Retail, Whole¬
sale and Department Store Employees, a CIO affiliate—V. 157, p. 2253.
Z
•"-/••/ "/
Montour
Gross
from
ry.
obey an
to
company
RR.—Earnings—
.
from
Net
1943
1942
1941
$250,954
117,536
$246,140
$245,947
74,614
83,383
1,175,539
1,019,965
.
.
railway
railway
income..-
oper.
from
Gross
Net
1940".
$201473
130,030 V
114,513
84,901
77 786
90,498
railway....
380,164
273,747
295 435
325,526
301,522
258,948
327,784
157,
2046.'
p.
Essex
of
the
railway.
ry. oper. income—
"Deficit.—V. 157, p. 2153.
55,741
RR.—Merger Action Put Off.—
offer
company,
of
its
President,
line
leased
a
J.
the
of
of
157,
T.
H.
Martin,
Delaware,
at their annual meeting June
the Lackawanna
looking toward
30
RR.,
a
stock¬
Lackawanna
deferred
action
of
merger
the
dn
two
2351.
p.
Brass
Mueller
■
.
"
'1941
"
■
$100,039
3,627
*8,802
496,140
148,575
76,789 Z
/ Z*'-' ////' /
before
Profit
/
Prov. for estimated Fed.
-
for
conting.
&
$1,737,612
$3,497,905
Z' •
Z/ '
$1,836,934
-
$3,844,643
..
■■
1,333,000
1,275,000
200,000
100,000
200,000
200,000
$303;934
$362;612
$757,905
$844 643
$1!4
inc. & exc. prof, taxes
time
1943—6 Mos.—1942
1943—3 Mos.—1942
and
faxes
reserve
Net
$1.37
$2.85
$3.18
2,540,000
-2,800,000
war-
ad¬
post-war
expenses
profit i__—-—r\
Earns, per com. share.
Note—President Fred L. Riggin-stated that the estimated earnings
subject to annual audit and to any adjustment which may -arise
from renegotiation of contracts under the War Profits Control Act
/.
are
V.
157,
p.
'
1561Z/.:.Z.Z/Z..,.Z: /•:•'.
'''
}'
f,.
Y
,
'
—
J '
/
The
company
account
of
on
June
r/.y
riu' '
.
:Z/■'.£
'* ' c
' *'
'
••
1 //
•
V •••; • O
t'
(Wis.) —60-Cent Accrued Div.-r-
Mutual Investors Co.
paid
29
a
on
the
accumulations
dividend of
6%
60
cumulative
cents
share
preferred
per
prior
to holders of record June 21.
A distribution of $120
per share was made on this issue on May 1, last.
Arrearages as at
the latter date amounted to $2.10 per share.—V. 157, p. 1561- V 134
1940
$59,520
$1,933
*11,034
..
328,471
34,636
*10,827
•p.
518.'
Mutual
46,196
37,616
Insurance
of
Co.
N.
Y.—To
believed
is
of
a
for
man
certificate
be
to
company
or
the
first
making
killed
•
Ad¬
letter
an
plan
to
be
immediate
instituted
cash
anv'life
by
payment
to -the
in
service without waiting for an official
from Washington was announced last wpok-
by The Mutual Life Insurance Co. of New York.
Under the plan the company will make a partial
•
•
»
Make
Payment to Beneficiaries of Service Men
What
insurance
death
Life
-
r
^
vance
.
Yz/Y'Z'Z-
1942 .
1941
/:' 1940
$122,140
$116,356
$102,227
27,473
21,893
20,937
11,919
,
—6,900
7,749
;' Z .. ; .; . .
• 'I
626,413
560,627
484,700
136,540
122,390
102,441
51,803
Co.—Earnings—
Period End. May 31—
stock, par $10,
'565,203
181,593
118,624
/
940,385
199,140
■
recommendation
the
'
,
1943
$169,478
*6,778
*17,885
railway.^.
817 243
484,15$
income—
oper.
Western
&
775,940
railway—
from
ry.
On
Missouri & Arkansas Ry.—Earnings—
Gross
2,959,834
$42,823
with employees in
Jamaica,
Avenue,
beneficiary
"
$6,064,092
2,713,203
Appeal—
on
collectively"
Justice
.
.
railway—/.
railway.—
"Deficit.—V.
$6,461,487
239,973
2253.
p.
Jr.
Jamaica
/
railway-.:
oper.
$282,796
$2,790,750
157,
bargain
$910,089 / $504,490
_
from
ry.
Dr 7,994
Appellate Division of the Supreme Court in Brooklyn sustained
unanimously June 28 a decision of Supreme Court Justice Thomas C.;
990,825
from
stock
preferred
124,536
The
$1,495,315
period
From
share
deducts..
•
Montgomery Ward & Co., Inc.—Order to Bargain Col¬
1,171
$3,502,308
Net
directors
income
applic.
$19,951,586
$3,156,722
$3,493,925
12
,
137,980
Net
Liquidometer Corp.—Smaller Distribution—
(net)
Net income
Prov.
From January
$100,
June
amounted to $59 per share.—V.
The
revenues...
etc.,
$1,593,184 $21,098,727
&
app'rop...-
res.
Other income
7,128
$254,276
Net
1943—12 Mos.—1942
'
2,108,083
791,667
May—
Gross
(& Subs.)—Earnings—
1943—Month—1942
176,899
925,760
62,500
127,564
Net
This
$2 on
170,992
retirement
deplet
1943—12 Mos.—1942
$9,493,022 $9,282,506
2,672,031
2,884,863
1,628,083
1,462,366
574
revenues
oper.
12.
1942;
2135.
157, p.
4,133,094
taxes
Property
the
$308,918
ry.
1941.—V.
26,
5.814,408
dividend of $2 per share on account
6cumulative
and 50 cents on Feb.
1,776,279
-
.
deducts-
Net
share on the
July
204,363
limited-term
from
$1 per
record
155,578
but
etc.,
from
of
/^i...^.
Other
holders
62,500
income
Net
(C. W.) Lindsay & Co., Ltd.—$2 Accrued Dividend—
The
1941,
Morris &
157, p. 2153.
Gross
dividend of
a
holders
to
5,115,566
1
81,277
approp.
Balance
/
recently declared a dividend of 75 cents per
common
26
Co.—Earnings—
applic. to preferred stocks for the
—V.
declared
29
July
5,761,848
on
Lowell Bleachery,
payable
469,408
$227,440
income
Net
Divs.
>
-
with $1.25 paid on Dec. 23, last; $1 on Aug. 25,
justments &
Interest,
••
478,251
$227,001
230,765
160,998
74,601
investments
oper.
•
- y
.....
Federal taxes/.——
'—V.
2451.
p.
150,562
,_™
taxes
Other
•;
■
457,797;
$481,074
$45,465
1943—Month—1942
$772,673
$772,769
169,426
219,835
31—
revenues
Prop, retire, res.
; •
462,811
projects:
$45,383
46,160
currently.—V." 157,
taxes
1,282,343
642,810
549,285
$1,704,486
157, p. 2152.
The
stock,
22,
$1,366,978
$196,618
defense
of
deprec..
paid
being
1,187,274
expenses
$508,311
27,237
$1,387,839
20,861
$201,508
4,890
$400,677
chgs.
include
not
2.140,572
From January 1—
amortization
property
120,205
1,972,146
revenues
$469,274
Cr39,037
Equipment (in excess of
normal depreciation)Road
249,009
Operating
Cr31,868
Dr79,707
$404,766
4,089
fixed
"Includes
383,506
Operating
fixed
charges
after
•
o
r
..5
Net
tFixed
$411,443
655,06iT
431,247
Montana Power Co.
$517,114
$400,208
Cr4,558
income
operating
1940
v
234,050
2,936,859
1,737,151
1,625,390
income—
The directors on June
581,557
$193,601
Cr43,853
Dr26,033
equipment
facility rents
income,
1941
$561,751
2153.
.
capital
Mississippi Central RR.—Earnings—
the
„..r
Net
1,630,801
87,063,075
railway
oper.
railway..
p.
compares
$1,098,671
$322,226
2,383,941
2,211,859
income
From January 1—
2,497,837
1942
$615,473
381,006
260,403
2,894,022 /
railway
oper.
157,
Kadien
$382,388
taxes.—_
of
Gross
$8,305,620
6,675,865
7,366,373
Munsingwear Inc.—To Pay $1 Dividend—
Ry.)
124,763
after
Net
1940
$9,454,584
7,606,327
railway
from railway
Net
1941
1942
1943
$17,620,088 $14,000,503
from
from
ry.
'
Louisville & Nashville RR.—Earnings—
Gross
from
—V.
176,220
$507,152
revenues
ry.
taxes
Net
May—
oper.
from
Gross
1943—Month—1942
1943—5 Mos.—1942
$1,954,733
$1,744,239
$9,322,664 $7,688,295
1,447,581
1,422,014- 7,387,187
6,589,624
Other income
Gross
railway
lectively Upheld
Period End. May 31—
2152.
157, p.
11,786,645
1—
3,530,975
586,375
369,770
5,216,942
1,510,390
1,066,978
5,972,398
2,029,688
railway
railway..,...-
oper.
/
$539,666
294,422
61,018
income....
Jan.
650,351
from
Gross
18,806,604
Balance
Period End. May
1940
1941
434,284
33,830,85?
1943
Interest,
1940
$728,805
97,818
17,095
1941
1942 ,
$978,286
190,261
113,308
Minnesota Power & Light
:
1,618,499
40,864,296
—
ry.
1—
Jan.
From
Gross
income
oper.
RR.—Earnings-
1943
$1,136,756
329,457
259,474
-
from
Gross
Louisiana & Arkansas Ry.--Earnings
1942
4,188,246
58,586,574
21,201,683
15,077,337
42,547,297
income...
railway..
roads.—V.
1943
1,232,869
3,125,207
From
157, p. 2152.
May—
$'6,663,979
2,505,483
89,942,895
Net
542,186
226,738
131,846
Minneapolis & St. Louis
tDces
—V.
28,500
11,812
221,279
railway.—™
May—
496
$226,436
debt-
funded
on
$94,694
23,961
5,866
$91,957
30,840
•
$537,034
$146,572.
49
income-
income
Gross
/
1940
1941
630,828
$226,388
income
1940
$8,582,532
Period End. May 31—
$125,301
50,499
22,218
income...
1—
oper.
Inc.
$308,820
~
1941
1942
5,777,881
7,751,975
2451.
Irom
Gross
645,670
306,511
•/"
$18,114,486 $13,774,298
from
Net
cents per share on
1942
$118,775
29,358
railway
from
Gross
Net
Net
Other
$532,899
281,178
railway
p.
May—.
!
1,982,92$
1, 057,966
May-r-
15, 50 cents each; and Oct. 1
157, p. 1182.
1943 Z
railway
oper.
ry,
1943—5 Mos.—1942
$6,062,783
$8,038,950
4,249,252
4,863,519
714,055
2, 838,806
railway.
oper.
157,
Gross
$302,752
From January
Hire
133,825
5,589,715
2,943,418
income..1
oper.
from
RR.—Earnings—
<
from
Gross
Joint
850,883
7,860,873
2,512,025
157, p. 2153.
and July
1
April
Midland Valley
Net
142,847
29,416
10,769,842
income...
railway
from
ry.
Bait,—37y2-Cent Dividend
dividend of 37V2
a
cents each.—V.
26, 25
V \
$240,295
'
*
$29,231
payable July 15 to holders of record June
was made on April 1, last.
Payments in
$1,
par
follows:
as
were
Dec.
and
Net
Operating
■
'
distribution
similar
A
357,177
$1,293,529
Non-operating
>'
.
n
.
have
directors
The
the
Net
31-
...
13,461
"Maryland Drydock Co. of
Other
revenue...
oper.
ry.
*355,830
1943—Month—1942
135,133
12, 403/112
From January 1—
Net
$401,825
$464,282
" "'//'/. /.'/•
161,530 / 161,530
$42,692
13,461
$21,359
157,
1,506,993
2,959
483,718
18.938,225
railway..
Net
305,250
,■
charges
Net
Net
1
Net
avail,
9,261,724
147,685
$1,668,623
992,877
Taxes
299,164
$34,820
—_
pfd.
$5
stock
244,522
587,014
Operating expenses
Depreciation
25,144
375,23$
*565,003
1943
from
from
$769,531
...
Bal.
2,428,498
687,398
2152.
Operating revenue
$700,989
$2,166,833
502,465'
411,040
$67,836
24,745
..
$2,037,327
479,272
Ry. Corp.—Earnings-
Los Angeles
462,961
$59,564
stock
10,157,641
Net
ry. oper. income
"Deficit.—V. 157, p.
-
,
—
accrued on
Div.
From January 1—
Net
Gross
l—V.
31,262
1940
$2 594,513
30,428,620
income
railway.
railway—..
oper.
Net
219,437
39,860
1,033,625
Missouri Pacific RR.—Earnings—
504,389
211,768
1941
$4,026,428
41,892
Net
12,495,515
2,697,407
income
oper.
683,116
20,421
1942
$4,661,127
Monongahela Ry.—Earnings—
15,857,600
3,110,086
_.
,34,711
Deductions
1940
1941
„.
May—
Gross
54,975
RR.—Earnings-
1943
/
railway.
railway..
from
ry.
Minneapolis, St. Paul & Sault Ste. Marie Ry.—Earns.—
$2,252,495
216,994
/ v/
2153.
p.
oper.
Net
298,403
16,652
_.
355,147
263,408
from
Net
and ex¬
earnings
Net
555,493
railway
from
Net
1,786,830
315,425
Provision for retirement
r
841,027
479,690
From January 1—
Gross
$3,989,630
1,871,869
25,937
profits taxes
cess
1942
$2,907,272
763,081
189,072
1943
$3,607,367
1,174,089
railway
from
$4,246,128
145,554
Maintenance
RR.—Earnings-
Long Island
May—
Gross
$325,720
27,720
i.
-
Federal income
•
to the redemption of his debentures and,
during said period, he will then receive 20
shares of 6%
preferred stock, par $50 per share, of the surviving
company for each $1,000 principal amount of debentures, with appro¬
priate interest adjustment.
'
■ V
,
.
It
is
contemplated that, shortly after the consummation of the
proposed consolidation and merger, the surviving company will refund
its long term obligations, including the
convertible sinking fund
gold debentures of Lexington, by an issue of $20,000,000 first mortgage
bonds.
The refinancing program contemplates the calling for redemp¬
tion of the debentures of Lexington and, in the event such refinancing
program is consummated, the right of conversion as set forth above
will cease on the fifteenth day prior to the date fixed for such redemp¬
$356,719
.
taxes.:
997,445
565,414
257,680
from
ry.
40,676
" 1,192,060
,
Net
72,223
64,354
/;
174,111
from
'
113,033
588,567
May—
Net
$181,913
$230,795
1,273,683
157,
Gross
1940 *
1941
•
.
income...,.
oper.
"Deficit.—V.
157,948
revenues
—V/
$354,874
1,845
revenues
Operation
-General
ry.
1942 •
'/$284,122
151,033
Z.
67,006
railway———
from
Net
1943—Month—1942 1943—12 Mos.—1942
$324,038 $4,218,930 $3,967,956
1,682
27,198
21,674
31—
Period End. May
Operating
119,534
oper.-income.—■
Net
Co.—Earnings—
Power
Non-operating income.,
South Carolina
up to the 15th day prior
if he so elects to convert
April 15,
as
Marion-Reserve
adopt or reject
to
Lexington
a
ry.
From January 1—'
4Gross from railway!—.
the capi¬
An extra
against an extra of three cents and a quarterly of 10 cents
paid on April 15, last, as against an extra of three cents and
quarterly of 10 cents on Jan. 15, 1943.—V, 157, p. 1272.
last,
Net
railway—
railway—
Missouri-Kansas-Texas
were
•*
.
,
.
of Lexington have agreed upon the terms and condi¬
tions of a consolidation and merger of this company into South Caro¬
lina Electric & Gas Co., which are set forth in an Agreement „ of
Consolidation and have called a special meeting of stockholders of
;
of
par
from
/
extra dividend of seven cents
June 24 declared an
on
share and a quarterly dividend of 11 cents per share on
stock, both pavable July 15 to holders of record July 6,
three cents and a quarterly of 11 cents were paid on
per
convert
may
directors
The
from
Net
;//;
1943 :
$236,124
93,108
May—
Gross
Inc.*—Extra Dividend—
Manhattan Bond Fund,
.*
Missouri Illinois Ry.—Earnings— '/
,
sinking
5r'o
10-year
outstanding
the
of
All
a
Power
Water
Lexington
Rlidio & Television Corp.-^To Retire Debt—
Majestic
y,
Distribution—
dividend of 30 cents per share on
the capital stock, par $1, payable July 20 to holders of record July
1.
This
compares
with 40 cents paid on Jan. 26, last.
Payments
in 1942 were as follows: Jan. 26, 70 cents; April 27, 50 cents; July
21, 80 cents; and Oct. 10, 30 cents.—V. 157, p. 43.
The
Monday, July 5, 1943
COMMERCIAL & FINANCIAL CHRONICLE
THE
88
../'
-
payment
v
.
of
the
life insurance policy immediately after the next of kin
has been notified of the service man's death by telegram from Wash
proceeds of
ington
and
a
of
death.
been
to
before
the beneficiary's written request to the companv"
proceeds then will be paid upon receipt of the certificate
past the general practice among life companies'has
upon
The balance of
In
the
wait until
making
written confirmation of the death has
any
payment.—V.
157,
p.
2046.
been
leceivea
Volume
THE COMMERCIAL 8c FINANCIAL CHRONICLE
Number 4191
158
National
Nashville Chattanooga & St. Louis Ry.-Earnings-
f
'•:*
May—
from
Gross
Net
from
379.933
,1942 '
$2,244,299
753,768
431.101
16,405,534
9,801,469
1943
$3,388,289
.
railway.^
railway
1,273,566
*
Net ry. oper, income......;
Prom Jan. 1—
'.1941
$1,COO,714
458,845
278,876
A
1940
$1,229,353
241,345
136,837
Net
railway
from
Net ry.
—V.
railway
6,419,769
income-
oper.
7,657,573
2,191,391
2,434,484
,
2,699,304
1,367,685
,
1,279,492
<
of 25
cents
as
share has been declared on' the capital
stock, payable July 21 to holders of record July 7.
This compares
with 50 cents paid on Dec. 15, last, tand 12 Vh cents on July 13, 1942.
-r-V.
■
,
157, p.
was
paid
the
on
common
Sept.
30,
30
cents;-and
Dec.
30,
20
cents.-^-
257.
1943—4 Wks.—1942
$7,187,693
_____
number
of
against 995
stores
in
operation
earlier.—V,
a year
157/
1943—24 Wks.—1942
$6,794,530 $42,755,263 $41,995 422
as of June 19,
1943, totaled 903,
p. 2153.
1745.
Ry.—Earnings—*
May—
1943
Net
Porter, President,
1940
$63,243
$63,146
$65,566
32,470
14,222
32,809
23,027
39,702
11,239
Net ry. oper, income
From Jan. 1—»
June 24 announced that the corporation
on
1941
23,519
railway
railway
from
Gross
has
called for redemption on Aug.
10, next, $5,000,000 of its 3Vss %
10-year convertible debentures due March 1, 1949.—V. 157, p. 1746.
Net
29,635
railway____
railway—
283,727
The
The
Department of Justice announced June 28 that three American
chemical companies had been charged in a Federal Grand Jury indict¬
ment with creation of a worldwide cartel in conspiracy with German,
British, Italian, Japanese and otner foreign interests.
It was charged
the cartel had been in operation since July 30, 1920.
Torn Clark,
Assistant Attorney-General in charge of the anti-trust
division of the Justice Department, said the cartel was in titanium
compounds used in the production of strategic war materials.
Mr.
Clark, saying the companies and four of their officers were
charged specifically with violation of the anti-trust act, disclosed that
the indictment was returned by a Federal Grand Jury in New York
City June 28.
Named
the
defendants
as
Rockwell,
its
National
Lead
Co.
and
Fletcher
In
75
revenues
___
expenses
:
Federal
169,077
steam
82,246
121,743
the
301,226
Other
taxes
Prop, retire,
res. approp.
$4,457,652
plants
14,327,556
and
Proceeds
First
5,427,320
Gross, income
the
For
23.
June
Disbursements
"e> '
^
*•' X
1
]'«'
'
'
l!
"
Gas and Edison Light Co.—Notes Placed
issue of $750,-
an
series), dated June 1, 1943,
The sale price was 102.44
of
to
$750,000
pay
Eoston)
transaction
was
which
temporary
used
were
approved
by
2452.
p.
for
the
Securities
and
Ex¬
week
of
ended
June
25
this
3,068
18,409
Association
reports electric output
This is an increase of 978,550 kwh., or 8.76% above
for the corresponding week a year ago.
11,171,251 kwh.
England
Telephone & Telegraph Co.—Higher
Operating Costs Blamed For Reduced Divi¬
dend—
2,340,582
8,842,792
exceeded
9,432,574
1,322,673
1,405,802
5.510,934
$1,150,240
$1,139,522
$6,367,305
those
increased
for
the
1942
same
operating
costs
period by $3,228,000, higher taxes
made it necessary for the directors to
declare
a dividend
of $1.25 for the current
quarter as compared
$1.50 for the previous quarter.
"Under present
tax laws total operating taxes for the first
$2,462,195' $2,556,042 $11,878,239 $12,414,372
public™
Balance
5,623,206
months of
$6,791,166
1943
28,626
610,722
109,391
' "
subs._
the
-
$1,121,614
$5,756,583
were
$1,189,000 higher
than
for the
fivst
four
four
months
furnishing
service
under
war-time
conditions.
Larger
City,
by
Other
income
236,383
Total
other
$1,128,377
Federal
$6,093,031
396,068
131,051
29,913
303,728
27,170
Cr21,347
7,838
27,225
28,138
8,903
$1,284,232
income
$1,009,868
$5,733,347
$5,896,998
14,400
_
12,976
64,385
$1,269,832
$996,892
$5,668,962
$5,850,772
May-Gross
sol.
I
to
earned
dividend
■♦Full
earned
con-
;?v
surplus
,
requirements applicable to respective periods whether
Total
Income
Company
railway
Net from railway
Net
$718,870
83,029
ry.
55,363
27,170
7,838
$251,627
$628,499
$1,342,643
$4,059,443
396,068
131,051
29,913
ry.
—V.
from
_
$3,502,411
deducts.
,
Balance
Federal
389
$251,238
income
tax
28,138
303.728
$600,361
$1,333,740
64,385
of
Balance
Sheet,
AsSfets—Investment
March
securities
81,
.
$1,269,355
this
and
(on
counts
dends receivable,
liquidation
securities
$103,526; other current assets, $750; deferred charges,
Memphis Power & Light Co., $52,122; reacquired
shares $6 preferred stock), $102,592; total, $125,-
account,
(1,048
accounts payable,
preferred dividend declared, payable
$92,514;
liquidation
account,
accrued interest, $1,615;
$19,870;
1943, $225,000; accrued
Public Service Co.,
$327,696; long-term debt called for redemption, including premium
and interest (cash in special deposits), $202,191; reserve for losses or
adjustments with respect to capital assets, $6,996,776; reserve (appro¬
priated from capital surplus), $281,378; capital surplus, $9,129; earned
surplus, $4,150,609; total, $125,576,149.—V. .157, p. 2452.
taxes,
.
May
1,
Other
revenues
expenses
—
1943—12 Mos.—1942
$9,985,128
4,347,005
Mav
taxes
investments
-—.
73,685
889,223
730,000
700,700
790
,785
.9,462
9,450
for
$2,869,001
18
426
___—
$216,119
$177,103
$2,869,427
Operating
Maint.
of
91,121
84,505
1,057,494
1,044,535
$124,998
$92,598
$1,811,933
$1,317,738
applic. to preferred stocks for the period
499,100
499,100
Interest,
etc.,
deducts.,
Maint.
Balance
157,
——
p.
2254.
-
$1,312,833
$818,638
with
in
two
of
therefor
in
by
by
a
risk
p°nding
this
this
be
vfeld
been
such
of
action
return
requiring
to
be
covered
now
3Vi%
sublect
to
mortgage
company
$12,000,000
to
of
will
have
company.
closed
new
of
endorsement
bonds
new
heretofore
without
of
properties
securing
mortgage
new
the
the
taxes
secured
the
interest
on
stockholders
income
be
upon
and
4%
at
the
bonds,
certain
due
existing
series:
$470,000
of
series
A
honris
to
be
exchangeable
minority preferred stock, and $7,350,000 of series B bonds
exchangeable for minority common stock.
The bonds of both
series
will be equally secured and alike in all
respects except that
bonds of
in
the
this
series
prooosed
bonds
at
at
will
to
their
new
applied
this
in
cash.
of
interest
will
and
provided
rs
purchase
of
out
new*
the
such
$2,500,000 under the
the
first
will
mortgage
succeed
bonds
to
the
proceeds of the sale
satisfaction and discharge
the Central,
to
income
taxes
of
exnenses
certain
of
this
this
and
lien
the
full
Federal
fund
a
to
as
Central
in
proceeds
mort¬
new
provide for the retirement of the first mortgage
the Central agreeing to pay any additional
to effect such retirement, with the result that upon
of
of
company
The
amount
maturity,
mortgage
balance
p*fiferenc.e
a
mortgage.
establish
necessary
discharge
such
have
will
principal
designed
gage
A
new
their
company
1940
the
acceptance
212,955
89,491
98,106
40,425
4,004,600
1,968,664
1,295,500
2,218,350
925,565
447,955
shares
720,444
480,836
181,337
to
$264.Qp5
their
the
first
mortgage,
the
first
mortgage.
of
of
the
of
certain
claims
of
bonds
new
the
Central
by the
connection with
in
will
be
indebtedness
paid
company
company
1941
holders
of
of
account
on
Central,
the
and
offer
of
state
$220,360
$175,115
303,761
65,442
33,738
293,145
70,900
44,280
2,498,244
1,192,306
1,122,576
1,449,510
457,207
411,775
and
1,392,057
471,321
440,116
of
60,156,853
& struct.
6,743,521
equipment
'
$'•'
\
Tinder
$
48,005,942 281,988,224 216 536,891
5,120,974
31,705,756
22. 254,339
9,296,220
Other
45,859,034
44 570,087
571,504
3,122,699
16,136,824
91,139,297
79 344,323
1,639,177
9,376,734
0
the
of
^
of
of
*
fr.
rev.
15,461,720
100,784,704
7,070,058
55,452,364
27,634,702
1,782,530
6,818,408
6,998,769
Equip. & joint facilities
income.
7,758,212
6,609,132
38,513,932
1,707,591
1,482,579
7,951,943
7,127,950
9,465,803
8,091,711
46,465,875
31,720,356
112,509
The
Inc.
avail,
for
Total
fixed
91,826
588,818
by
the
the
9,353,294
7,999,885
45,877,057
31,112,974
3,907,497
4,034,295
19,201,284
of
stockholders
of
inc.
after
3,965,590
26,675,773
11,351,125
fixed
charges
Includes
Fed
inc.
of
deposit
the
of
9,904,200
3,670,800
36,099,320
of
.
/
1943
1942
$287,250
:
$247,873
109,187
income™
106,844
1941
from
railway—Net from railway
Net
—V.
rv.
oner
income
157, p. 2154.
J.
as
of
of
unless
met,
among
this
of
company
of
the
and
the
mortgage
secured
issue
under
and
of
the
lease
by
the
thereof;
amendment
of
the
and
approvals
by
the
Interstate
Acceptance
of
Offer
this
P.
company desiring to accept the offer
their stock,
together with their letter
Morgan
record
&
t^e
as
request
at
will
company
Co.,
reimbursed
Inc.,
fully
which
has
been
ap¬
stock.
York
upon
deposit,
expense
determination
form
will
of
be
be
of
the
issued
made
for
incurred
stock
hi.s
all
including the
so
will
in
list
to
Exchange such certificates
the issue thereof.
of
for
anv
the
Application
Stock
bonds
new
for
rental.
registered
presentation
reimburse the stockholder
and
by
d"t,e
dividend
in
the time
stock
his
insurance,
tho
on
such
deposited
the New
on
well
to
deposit
the
forwarding
and
for
ordinary
cost
by
of
this
of
deposit,
expenses
registration
will
company
the Central.
Effective Date of
case
more
the
1940
$421,366
$197,858
119,417
306,438
118,471
132,621
283,554
73,486
From Jan. 1—
Gross
with
of
10,988,845
Connecting RR.- -Earnings—
railway
Net from railway
oper.
sale
proposed
deposit
entitled
of
Upon
In
from
ry.
of
making
issued
authorizations
shall
deposit
register
been
Gross
effective
are
and
Certificates
—V. 157, p. 2046.
New York
become
the offer
and
taxes-
profits
to
for
agent
offer
stockholders
be
*
the
be
to
of
the
stockholders
acceptance,
the
this
Net
Offer
not
conditions of
the purple of receiving deposits of stock pursuant
issuing certificates of deposit therefor.
Any dividend
rental paid upon the deposited stock prior to the time that the offer
becomes effective will be paid to the registered holders of the certifi¬
19,761,849
5,445,797
.
\•»{
•
by the holders of at least 52,560
of this company (or such l°«ser number
in writing by the Central);.
are
the proceeds
Central
pointed
and
£
^
offer
bonds,
pew
necessary
Minority
of
607,382
24,592,406
fixed
charges.
minority
I\
s
v
them.
Commerce Commission.
cates
Total income
Miscell. deduc. from inc.
\1
i
acceptance
the
by
approved
bonds
new
Authorization
(4)
to
Net ry. oper,
Other income
to
accepted
proposal
and
of
rents
the
authorized
transmission
the
is
it
has
of
Virginia.
stockholders of this company and by the stockholders of the
Central;
59,225,877
13,913,732
oper.
23,244,143
"1,572,199
ry.
of
8 202,437
expenses
Railway tax accruals
of
offer
and
the
be
may
proposed
the
the
t^e terms
These
Mutual
University
believing
be
l<v
Harlem
them.
University
company,
it
the
to
Connecticut
Co.,
Co.,
stockholders,
N
Conditions
s
authorized
acceptable
following:
application of
(3)
an
onportunity
to their liability
as
Insurance
and
this
minority
r*
Authorization
the
Co..
of
minority stock
as
have
is
Insurance
American
Insurance
terms
the
stock
Central
company and its
recommendation that
Acceptance
shares
the
Great
the
^
the
are
which
2 ■939,828
18,350,224
Transportation—Rail
9,075,743
615,159
stockholders
this
until all of
(2)
$
to
-
of
directors
with
-
of
'•
of
stockholders
of
1943—5 Mos.- -1942
such
Continental
Co.,
offer by
the
offer
Phoenix
board
which
1943—Month—1942
affords
minority, common
the
include
advantageous
$520,675
(Including All Leased Lines)
May 31-
way
the
that
Insurance
The
RR.—Earnings—
Zachry, Parlin ft Cahill have recommended
by the minority stockholders because in
offer
offer
stockhold°rs named in the complaint and their affiliates,
1,967 shares of the minority preferred stock and 17,916
of
Rochester,
1940
the
the
to effect a satisfactory solution of the
controversy
for Federal income taxes of the Harlem.
Among
1942
Gordon.
of
judgment
726,276
revenues
of
Net
income
selected
were
connection
the
2,218,401
Traffic
$2,360,819
.1,454
$2,362,273
in
be
(1)
May—
income
63
Central,
Central.
princioal
mortgage,
such
issued
for
3,640,700
Central
:
Gross
Cahill,
the
counsel
as
a
result of discissions among
company,
certain of the minority
in the action above referred to or
the
exchanged
will
1943,
2000;
to
157, p. 2154.
excess
$177,085
is
Upon
stockholders,
Wall St., N. Y.
New
98,054
income
oper.
Period End.
.
Net oper. revenues
$215,943
Other income __—176
—V.
this
determination
a
Messrs. Wright,
1941
'
Divs.
stock
bonds
1,
of
shares
1,241,409
864,653
60,800
which
$330,636).
made
that
payment
existng
1,
425,871
from, railway____
railway
New York
4,214,211
1,140,437
60,800
;
&
with
income
of
minority
York, New Haven ft Hartford RR., to the rights of
r.the Central under the lease as modified In accordance with the
offer, U
and to the prior lien of the first
mortgage.
The new bonds will he
123,587
$9,391,242
78,058
taxes
1942
sum
large
the. Central
interect
return
by
for
July
its
by
$745,981
income
oper.
ry.
—V.
*
1943—Montit—1942 »
$799,562
$762,217
355,487
350,030
88,484
99,832
—
Prop, retirer res. approp,.
Amort, of limited-term
Net
is
for
counsel
annual
the
on
new
dated
615,496
1943
railway
railway.
charges
period End. May 31—
the
Parlin
defendants
guaranteed
The
lessened
respect
Operating
Operating
1
Recommendations of the Offer
Orleans, Texas & Mexico Ry.- -Earnings—
Tennessee
Nebraska Rower Co.—Earnings-
Federal
Central
counsel
and
stockholders
from
Net
bonds, $26,000;
of
annual
of
of
.
Liabilities—Capital stock, $113,243,370; Lancaster County. Ry.' & Lt.
the
independent
as
Method
576,149.
Co.
amount
to
connected
way
act
are
annual
receiving
being
$d39.403
(Company Only)
advances, $123,228,664; cash in
demand), $1,156,120; special cash deposits, $203,331; ac¬
receivable, $712,500; accrued interest receivable, $16,544; divi¬
banks
the
companv,
same
665,346
from
ry.
Net
$3,152,457
1943
the
Zachry,
no
to
who
Central.
-Earnings-
1942
From Jan. 1—
46,226
$587,385
Jan.
on
minority stockholders of the Harlem an op- ■
exchange each share ($50 par) of their stock for $125,
amount, of new 100-vear non-callable 4% mortgage
bondsx~
the
$1,040,661
■
$236,838
_________
dividend
a
preferred and common
the Federal income and
to
the
certain
2154.
p.
;
Net income
and
amount
certain
in
are
principal
3,277,293
income—
oper.
from
Net.
$3,198,683
12,976
■
14,400
8,903
par)
-'':~-
outstanding
been
of
company
counsel,
,5,806,026
May—
Gross
Net
Net
income
($50
The offer affords to the
101,902
railway
railway
157,
Gross
other
the
Gordon.
Wright,
portunitv
668,093
from
from
Net
New
$1,693,424
344,903
Cr21,347
27,225
1.254
income
oper.
&
problems
of
also
rates
independent
$1,221,917
income__.
oper.
Net
.
5,047
taxes
taxes
Net
Int.
these
From Jan. 1—
1943—12 Mos.—1942
$340,957
-
Expenses
Other
Account of
1943—3 Mos.—1942
stock
wV1
the stockholders of this
company aggregate amounts
for the payment of such taxes (which on the
would
The offer-of
Life
Income
Federal
meet
unearned.
or
Period End. March 31—
■
1943
\
from
Gross
carried
Bal.
minority
the Central.
New Orleans & Northeastern RR.
46,226
tax
to
$6,757,758
344,903
55,363 '
of
■:.v;
litigation.
such
of
but our organization continues
with gratifying success."—V. 157, p. 2254.
lias
Offer
higher.,, levels,
.,,..75,983
389
deductions
Balance
,
336;448
1,254
5,047
taxes
&
6,763
to
tax,
who
the
$6,681,775
83,029
_.
Federal taxes
Int.
$5,756,583
.
$1,373,951
Expenses
Other
$1,121,614
$1,137,568
w
■_*
share
provide
existing
to
this
The
most
each share
Central
to
of
Messrs.
heavily to greater operating costs.
"Shortages of materials and man-power are becoming stricter, and
the demands for war-time
telephone service ate rising to higher and
National Pow. & Lt. Co.:
Net equity
each
(or
on
th
with
ties to
$6,681,775
for
of
recommendations
operating forces due to increased demand for service and special facili¬
give good telephone service to the men in the armed forces con¬
.
$1,137,568
the
the lease
(401 years'from April 1, 1873), the
property of this company is held and operated by
lessee, and the Central has been paying, as a part
the lease
subject
tributed
of
income
-
company,
payments
under
sufficient
bases
amount
of
3, 1943, from the
$7,820,000 new 100-year
the purchase and
the
against this company and representative stockholders
thereof, In which
the Central is asking for a
declaratory Judgment determining that the
Central -is not obligated to
pay such taxes,
and that there may' be
deducted pro
rata from
the
semi-annual
dividend
rental
bonds
cost,
for
paying
excess profits taxes of this
company.
There is now pending, however,
in the New York Supreme Court an
action brought by the Central
rising
1,954
___
equity of National
Power & Light Co.
available
directly to the stockholders of this company,
10%) per annum, payable semi-annually
$5
1,
The
of 1942.
This represented an increase of 80 cents
per telephone, and
it is probable that still higher taxes will be
imposed to finance the war.
"A
97c
increase
in
operating expenses before taxes reflected the
mi¬
Net
in
of
rights
J.
Robinson, President, in a statement sent to stockholders with
their dividends, payable June 30, at the rate of $1.25
per share, said:
"Although total operating revenues for the first four months of 1943
$4,896,624 $20,721,031 $21,846,946
2,015,999
Balance
% S
rental,
deductions
New
10,283
terms
as
stockholders
2452.
p.
the
July
stock.
loans (held by
financing con¬
for the June 25 week is reported at 98,857,000 cubic feet,
an
increase of 6,104,000
cubic feet,
or
6.587?
above production of
92,753,000 cubic feet in the corresponding week a year ago.—V. .157,
and
applic. to
nority interests
record
Gas output
$4,877,028 $20,661,267 $21,774,296
19,596
59,764
72,650
$4,478,194
Net interest to public &
other deductions
Portion
of
last.
31,
England Gas & Electric Association—Output—
production
6,449,625
.
$4,461,708
!6j486
(net)
to
't
Bank
of 12,149,801 kwh.
5,436,262
6,799,69 1
the
their
J.
divs.
holders
to
March
the
on
31, 50 cents; June 30 and Sept. 30,
$1.75.—V. 157, p. 1183.
29,
1
\
used
This
New
$4,873,960 $20,642,858 $21,764,013
4,056
Operating income
*Pfd.
Dec,
i
be
National
struction.
by
by. the
v,v:v
railroad
such
will
kilowatt-hours
the
bonds
new
Central
The
(net)
income
'
30
on
share
per
March
maturing May 31, 1958.
Taxes and
Other
paid
$1
and interest.
10,500,335
1,628,593
1,587,432
Net oper. revenues™
Rent
from
lease
of
cents
of
and Phoenix Mutual Life Insurance Co.
000 3% serial notes (fourth
1943—12 Mos.—1942
1,458,026
1,315,574
'
Bedford
New
W.
3,911,781
'
and
i
*
x
of
Central and the delivery of the
new
bonds, following the purchase thereof
minority stockholders of the company in ex¬
holdings of stock of the company on the basis
of
their
of
Under
and
Privately—Company has placed privately with the Life
Insurance Co. of Virginia, National Life Insurance Co.
$20,487,939 $22,716,049 $89,165,863 $87,003,905
9,694,428
10,843,689
41,968,438
42,853,670
3,432,853
x
for
bonds
bonds
new
to
exchanged.
126,869
dividend
a
payable June
75
follows;
each,
"
1
mortgage
the
amount
$125
so
4%
of
Central,
change
of
282,397
(& Subs.)—Earnings—
1943—3 Mos.—1942
taxes
stock,
declared
change Commission June 25.—V. 157,
National Power & Light Go.
Operating
"
u
the
rental
'
Manager of the Krebs Pigment Division; Titan
Co., Inc., subsidiary of National Lead Co., and Gustav Jebsen, Vicepresident of Titan Co., Inc.—y. 157, p. 2452.
Operating
cents
by
of
with
as
were
non-callable
64,030
■.
Confectionery Co.—$1 Distribution—
recently
common
compares
1942
General
Period End. March 31—
par
This
President, and Claude F. Garesche, General Manager of
Division; E. I. du Pont de Nemours & Co. and Carl H.
Titanium
Rupprecht,
the
were
$25
directors
number
The company has received an
offer dated June
New York Central RR.,
looking to the issue of
145,081
59,450
National Lead Co.—Chemical Firms Indicted As World
New England
the
New York & Harlem
RR.—Minority Stockholders Of¬
fered Exchange Plan—Stockholders to
Vote August 5—
296,790
136,864
Net ry. oper. income
—V. 157, p. 2153.
Trust—
reports
territory for the week ended June 26, 1943, as
61,042.530, compared
55,651,652 for the week ended June 27,
1942, an increase of 9.09%.
Output for the preceding week was
60,354,958 kwh., an increase
of 9.63% over the
corresponding week last year.—V. 157, p. 2452.
with
Existing, Tax Litigation
from
from
Association
its
requisite
1942
$58,155
Gross from
'
The
guarantee
Nevada Northern
-'
New England Power
Association—Output Up 9.69%—
V
r.tock,
per
' ' *'
1' I
<
' 1
'
National Distillers Products Corp.—To Redeem Debs.
Seton
cents;
Period End. June. 19—
The
.
far
10
1,
share
per
1 to holders of record June 24.
This is the
this year. In 1942, the following dividends were
so
Sales
National Aviation Corp.-^-25-Cent, Distribution—
dividend
Shops of Delaware, Inc.—10-Cent Div.
cents
July
National Tea Co.—Sales Show Gain—
878,775
157, p. 2153.
A
10
on
payment
paid: July
V. 157, p.
6,206,174
1,223,872
of
value,
par
first
.
from
Gross
Shirt
dividend
no
89
than
become
shall
cause
the
at
1,306,835
1,820,263
460,320
820,181
1,373,966
684,242
556,795
845,498
1,297,970
498,389
1,017,788
in
the
change
to
the
it
of
new
&
this
notice
the
the'
of
be
new
to
the
1,
may
the
given
at
be
its
deposit
bonds
of
for
this
agent,
to
of
the
this
deposit
depositors,
'v
the
its
Central
1943
fixed
offer
once
them
bv
Thereupon
as
certificates
bonds
of
Nov.
accordance with
furnished
Inc.,
certificates
for
to
effective.
Co.,
as
company),
in
Offer
offer
before
later
months
of
the
of
or
on
effective
addres"es
become
has
conditions
with
six
approval
once
Morgan
1,113,322
the
complied
of
by
the
the
terms,
have
date
Central
Central
and
tiiis
not
with
shall
at
comoany
to the respective depositors
such purpose th">t the offer
company
shall
to deliver the
Central or its
company,
duly endorsed
and
shall
(or su^h
this
and
in
direct
sto^k
upon
blank,
company
will
J.
P.
describedn:
nominee
in
ex¬
surrender
to
deliver
pay
the
.
transfer
the
tax
stock,
the
of
time
taxes
or
in
payable
Western
of
transfer
such
with
connection
idence
to reimbursement therefor by the Central.
At
exchange, the amount of any difference, if any,
subject
such
rental
dividend
accrued
"
•.
stock
Net
the charter
per share per annum;
preference as
to
;
ie)
the
The
proceeds
the
of
miscell.
and equipment-—$1,420,000
physical property—__
3,774
__/-//:■
2,000
non-oper.
income
.———
securities—.—.
funded
income
Total
Interest
Dividend
for
Deficit
year_
Note—-The
and
Balance
the
in
RR.
Central
is
assessed
taxes
for
RR.
liable
not
against
stock
which
taxes,
of
the
ICC
General
1
J
"Road
C"Fund tinder
■
Investments
be
Creek
Stocks—Beech
184.238
184,238
1,103,900
53,298
12,130
__
RR.——
RR
53,298
—
12,130
Cash
IMiscellaneous
Interest
accounts
and
dividends
receivable
Rents
receivable-^.—315
.
1,903
receivable—
451,667
__
.
315
1,903
451,667
$23,106,635 $25,606,635
Total
Liabilities—
stock
Capital
Premium
Funded
Interest
_
capital stock
on
_
matured
unpaid-.
Dividends matured unpaidUnmatured
interest
Total
,
—:
35,000
declared—.
—_
35,000
416,667
accrued
Unmatured dividends
Corporate deficit
;
$10,000,000 $10,000,000
1,414,104
1,414,104.
18,240,932
19,820,000
164
164
2,651
2,651
_
assessment
debt
416,667
6,081,951
7,002,882
———
_______
$23,106,635 $25,606,635
'Constructed, showing changes which would have occurred in the
balance sheet of May 31, 1943, had the offer of New York Central
RR.
effective
become
have
been
issued,
that
of
as
the
fund
date,
would
so
have
that
been
the
new
would
bonds
established
under
mortgage securing the new bonds and certain indebtedness of
.York & Harlem RR. to
New York Central RR. would have
cancelled.—V.
the
New
been
152, p. 2561.
New York) Ontario & Western Ry.-^Earnings—
May—
Gross
1943
1941
1940
$680,343
$646,864
$542,740
$450,748
110,732
*81,012
7,521
20,316
7,456
*77,377
3,166.694
2,875,659
2,303,735
2,096,476
railway^—
284,985
376,186
122,160
*63,122
income—
*35,684
14,938
*266,871
*447,455
from
railway
railway——
income—
from
Net
1942
92,994
Net ry. oper,
?
..
26,986
From January 1—.
Gross from railway—
"'Net from
Net
*
ry.
oper.
Deficit.—V.
'
157, p. 2452.
of
48,625
:.
$445,237
—
—
New York, New Haven & Hartford RR.—Earnings—
Period End. May 31—
1943—Month—1942
1943—5 Mos.—1942
An
by
of
directors
various
Niagara
operating
Service
the
Hudson
9,
Transportation,
Miscell.
-
expenses
Net rev. from ry. oper.
Railway tax accruals—
Railway
Inc.
tNet
$3,474,520 $18,921,750 $14,467,493
Dr432,932 Drl.900,435 Dr2,100,365
Dr543,114 Dr2,953,712
Dr2,414^631
$3,301,153
$2.4°8.474 $14,067,603
utility
of
Commission
plan
nine to
2,754,501
15,351,188
10,965,256
t2,465,120
$1,651,822
*9,883,654
$5,485,605
but
net
ations of these
Connecticut
Bristol
&
Julv
19,
RR.
railwav
operating income
includes the
on
included
as
dates stated
results
of
ooer-
properties: Old Colony RR. Co.. June 2, 1936; Hartford
Western RR. Co.,
July 31, 1936; Providence, Warren
Co.,
Feb.
11,
1937;
Boston
&
Providence
1938.
tEffective
are
the following companies were rejected
RR.
Corp.,
...
of these dates,
covering
the
no
Old
charges for the stated leased rentals
Colony
RR.,
Hartford
&
Connecticut
the
stock,
the
of
in
Part
Securities
of
1942,
The
purposes,
It
in
5%
I
of
and
(a)
the
the
on
system of which each of the
constituent operating utility companies is a part.
Savings are anticipated from the refunding, at a reduced interest
cost, of the major part of the mortgage debt of the system.
It is
proposed that the necessary applications for such refunding will be
filed
New
presently
with
the
integrated
SEC
and
public
the
utility
Public
Service Commission
of
the State
of
York
as soon
as
the consolidation contemplated under part I of
has become effective, and it is expected that such refunding
will be accomplished within a short time thereafter.
the
plan
SUMMARY
Part
I—Part
I
of
the
OF PLAN
consolidation of The
Niagara Falls Power Co., Buffalo Niagara Electric Corp., Niagara Lockport & Ontario Power Co., The Lockport & Newfane Power & Water
Supply Co., Buffalo, Niagara & Eastern Power Corp., Central New
York
Power
Corp.,
and New York Power & Light Corp. into The
Niagara Falls Power Co., the surviving corporation, the name of which
will be changed to The Niagara Hudson Co., Inc. (as "the operating
company").
v-v
"v
■'
\
The capital of the operating company outstanding upon the consoli¬
dation will consist initially of 868,811.25 shares of preferred stock, 5%
plan
provides
for
the
preferred
2,257,622 56-100
and
Niagara
company.
will agree to
,.iv ■'
shares
Hudson
cancel $20,550,000
of
that
debt.
such
of
Power
advances
documents
required
It
accomplish
to
with
the
applications
Public
Service
its
then
believed, based on present
can
be accomplished at an
is expected that substantial
registration
filing
the
is
It
3%.
requisite
and
the refunding.
statement,
from
the
the
enable it to refund
to
refunding
exceeding
that
file
will
Commission
York
New
mortgage
not
for
plan,
the
Exchange
requisite
prospectus,
the
mortgage
refunding
regulatory
will
be
bodies
II—Part
to
II
of
the
of
(a)
The
the
the
stated:
and
with
will
be
leased
materials and
the
thereof,
subject
the
to
Corp.
assumed
plants
presently
Development
r
'
hydroelectric
operating
together
(tf)
consolidation
of
hereafter
Corp.
operation
Northern
which
I
nine
Development
Corp.,
the
Part
to
by
owned
Central
supplies
used
Northern
York
New
and
Power
in
useful
Stillwater
amounting
Reservoir liability of
approximately $180,000
to
by the operating company;
,
100 shares of the
capital stock of The Oswego Canal Co., being
outstanding capital stock; ;
The two operating hydro-electric plants of Union Bag & Paper
its-entire
(c)
.
Power Corp., together with the materials and supplies used and useful
in the operation thereof, subject to. the Sacandaga Reservoir
liability
of
Union
Bag & Paper Power Corp.
amounting to approximately
$806,000
(d)
which
will be
assumed
67,000 shares of
by
the capital
the operating
stock
(ei
shares
4,000
of
the
capital
company;
Valley Fuel Corp.,
of Hudson
stock
of
:
•
.
St.
Lawrence
Power Co.,
its entire outstanding capital stock;
(f) All the assets of Old Forge Electric Corp., subject to its liabilities
other than its liabilities to Niagara Hudson Power Corp.
which will
be cancelled; and -
Ltd., being
"
shares of
842
(g)
the
capital
stock
of
being one-third of its entire outstanding
Moreau
Manufacturing
capital stock and
all
Co.,
thereof
owned by Niagara Hudson Power Corp., and all advances thereto held
;
by Niagara Hudson Power Corp.v
In consideration for the acquisition
shares of
stock
and
advances
of
forth
set
operating company will issue to
86,359% shares of the preferred stock,
the
of
stock
common
Niagara
above
(c)
(a),
such
properties
directly
such
properties
into
such
1
the
of
assets,
in
properties
(a), to
(g;,
aad
inclusive,
Niagara Hudson Power Corp.
5% series, and 525,913 shares
operating
company.
In
this
connection,
Power Corp. may acquire the properties set forth
ancl (f) from its respective subsidiaries and deliver
Hudson
in
the
above
the
subsidiaries
the operating company or may segregate
subsidiaries and deliver the stocks of
to
separate
the
to
operating
company.
-
The
right is reserved in the board of directors of the operating
to acquire any one or more of the foregoing items without
acquiring them all and, subject to the approval of the board of
•
company
of
directors,
,
the
to
books
the
on
values
to
or
and
Hudson
methods
the
Power
thereof,
operating
which
at
stocks
the
of
carried
be
and
Niagara
and
acquisition
the
assets,
adjust for
advances
or
Corp.,
and
company
as
properties
to
or
changes in
any
fluctuations
to
in
alter
the
terms
of
make
such adjustments
be required to record
may
stocks
such
acquired
so
assets,
market
are
properties
values,
all
as
set forth
,
.
in the plan.
Pending the acquisition of the foregoing items (a), (b), (c) and (d),
the operating company will remain obligated under the existing lease
.
between
Northern
Power
Corp.
Canal
Co.
Development Corp.
lessee,
under
as
lessor and Central
New
York
the existing lease between The
Oswego
lessee,
under the existing power contract between Union Bag & Paper Power
Corp.
,
gas
as
and
New
:
York
Central
New
York
Power
Corp.
as
and Light Corp., and under the existing
between. New York Power and Light ; Corp.
Power
agreement
purchase
Valley Fuel Corp.
and Hudson
of
and
lessor
as
Upon the consummation' of Parts-1 and H of the plan/ the capital
the operating company
then outstanding will consist of 955,171
shares; of preferred stock, 5%
of common, stock (par $20).,
Part -III—PartT' III
Frontier
Corp.
of
ownership
into
-
series,
(par $100)
and 4,867,716 shares
■
the plan provides for the consolidatiorT'of
Northern Development Corp. thus placing the
of
the undeveloped water
rights and properties
now
owned
by those two companies, and aggregating approximately 125,000 acres,
in one corporation, with -a capitalization of 958,100 85-100 shares of
capital stock
Northern
other
and
will
than
will
(par $li;
Upon the effectiveness of such consolidation,
acquire all the assets of Niagara Hudson Power Corp.,
reserved for distribution under Part IV of the plan,
those
assume
certain
liabilities
of
Niagara
Hudson
Power
Corp.
assets to be acquired by Northern from Niagara Hudson
are 43,552 86-100 shares of common stock of the operating
company,
13,898 shares of common stock of Central Hudson "Gas &
Electric Corp. and 12,062]/2 shares of common stock of Consolidated
Edison Co. of New York. Inc.
Part IV—Part IV of the plan provides for the dissolution of.Niagara
Hudson Power Corp.
and the distribution to its stockholders of the
Among
the
Power Corp.
following:, 2,739,982 7-10 shares of
shares of the preferred stock, 5%
958,100 85-100 shares of
of the common
the common stock and 189,437M*
series, of the operating company,
the capital stock of Northern, 431,840 shares
stock of Central Hudson Gas & Electric Corp., 189,4371/2
•,--V-i V'.Wv;"
.w.....
■
stock
plan provides that immediately upon the
forming the operating company
plan, operating company will enter into
an
agreement with Niagara Hudson Power Corp. for the purchase of,
and will thereupon apply to the P. S. Commission of New York, and
to
such
other
regulatory bodies as may have jurisdiction in
the
premises, for authority to acquire, the following properties and shares
of stock of subsidiaries of Niagara Hudson Power Corp. and shares
of
stock
of
and
advances
to
Moreau
Manufacturing Co. for
the
to eliminate
preferred stocks of Niagara
Hudson
Power Corp.
and Buffalo, Niagara & Eastern Power Corp.,
and (c> to maintain the efficient use of the interconnected facilities of
dividends
6f
Niagara. Hudson
7%
of
being its entire outstanding capital stock;
and
unpaid
other
readiness
consideration
top holding companies of the system;
thus
enabling the owners of the stocks of such holding companies directly
to
hold
stocks of the operating
company;-(b) to pay in cash all
and
of
planned
Part
the
.
callable
cost
is
pursuant
New York.
of. the foregoing are
series,
operating
the State
consummation
of the plan, Earle J. Machold, President
the corporate structure of the system will
others,
distribution,
shares
36,019
date
imme¬
diately after the effective date of the consolidation forming the operat¬
ing company, and that the refunding will be accomplished shortly
thereafter.
by reducing the number of publicly-held classes
three; the number of callable bond issues from
among
intermediate
of
conditions,
interest
the approval of the consolida¬
companies has been filed -also
the State
foregoing
of
the
by New York Power and Light Corp.
provided
market
and thfe number of system companies from twenty
$9,952,497
3,550,060
charges—.
after
below,
1,4461713
chgs.
'The leases of
&
1 148 093
1,511,760
Z)r582,816
income
fix.
for
avail,
1,399,087
303,840
Dr476,760
—
oper.
238,216
$4,360,729
Equipment rents
facility rentrv.
18 960 622
$5,334,520 $29,487,227 $20,853,493
1,860,000
10,565,477
6,386,000
Joint
*Net
22,062,878
$6,481,934
2,121,205
income
oper.
3,856,952
197,263
operations
General
f
4,392,011
line
623,990
284,097
rail
707,750
holder
part of the plan,
outstanding
holders.
-
745,818 shs.
and
accrued
Proposed Refunding—As an integral step in the plan, it is proposed
that the operating company, upon the consolidation becoming effective
Buffalo,
Federal Power Commission issued an order
directing The Niagara Falls Power Co. to remove approximately $15,800,000 from the book cost of its project property fixed capital as of
March 2, 1921, and to charge approximately $15,500,000 of. said sum
to earned surplus and to transfer the balance to other accounts.
On
Aug. 28, 1942, lite SEC issued a notice and order for hearing instituting
"death
sentence"
proceedings
against the Niagara
Hudson System
under
Section
11
(b)
(2) and other sections of' the Public Utility
Holding Company Act ot 1.935.
Thereafter, the boards of directors of
Niagara Hudson Power Corp. and of Buffalo, Niagara & Eastern Power
Corp., after receiving the advice of their respective counsel and audi¬
tors, suspended the payment of dividends on all classes of stock of
such companies.
Since that time extensive hearings have been held in
these proceedings, and the officers and directors of such companies
have been engaged in the development of a plan for the reorganization
of the Niagara Hudson System which would meet the requirements of
the Public Utility Holding Company Act of 1935, provide for the pay¬
ment of the accruals of preferred dividends and place the principal
operating utility properties of the system in one operating company.
The
boards
of
directors of
Niagara Hudson Power Corp. and of
Buffalo, Niagara & Eastern Power Corp. believe that the following plan
will accomplish the foregoing and that its prompt consummation is
^definitely in the interests of all classes of stockholders.
v
The plan divides itself into four parts: Part I, the consolidation of
the principal operating utility companies of the system and of Buffalo,
Niagara & Eastern Power Corp. into one operating company; part II.
the acquisition by such 'operating company of certain of the assets and
Stocks of subsidiaries of Niagara Hudson Power Corp:
part III, the
consolidation of Frontier Corp. and Northern Development Corp., both
wholly-owned subsidiaries of Niagara Hudson Power Corp., into North¬
ern
Development Corp. and the acquisition by it of all the assets of
Niagara Hudson Power Corp. other than those to be distributed pur¬
suant
to part IV;
and part IV, the dissolution of Niagara Hudson
Power Corp. and the distribution of its-remaining assets to its stock¬
accrued
129,431
as
owed to it
$996,757
Corp.,
Power
the
of
the
preferred
a
introductory statement to the plan states:
Traffic
221,671
the
filing
the
simplified
one,
June
the
revenues
basis
as
stock
and gas
from
to
$15,378,150 $12,848,537 $72,292,266 $56,695,129
Maint. of way & struct.
1,730,836
1,317,674
7,537,134
5,589,316
Maintenance
of
equip.2,070,338
1,667,904
9,586,430
8,072,902
operating
the
common
$3,512,831
2,516,074
$2,891,180
dividends
of
shares of $6
Corp.,
'
Ry.
1,057,895 shs
par)
unpaid to
All held by Niagara, Hudson Power Corp.
Corp.,
19,181
with
"Under
greatly
On
,
14,527
15,241
to a
direct subsidiaries.
"Substantial economies can be expected from the "reduced interest
charges resulting from the refunding program and from the reduction
in taxes and operating expenses."
After the approval of the regulatory commissions, special: meetings
of stockholders of Niagara Hudson Power Corp. and other system com¬
panies will be held, and upon obtaining stockholder approval, as pro¬
vided in
the plan,
the necessary steps will be taken to' complete
the plan.
•
». 1
J
159;,544
1,103,900
RR
Central
Y.
159,544
1.15 shs.
New York Power Corp. and New York Power and
Light Corp., and of
all the Class A stock and substantially all of the common stock of
Buffalo, Niagara and Eastern Power Corp., will receive 103,077% shares
single operating company with
companies-
Central
Y.
'1942
$3,863,465
287,481
14,528
as
announcing
eleven
2,500,000
——^
affiliated
in
Bonds—N.
Advances—N.
1943
$3,325,795
,404,848
—
2,445,942
income—,
Public
of stock
Actual ^Constructed
$21,139,640 $21,139,640
cash—
nrnpertv
the
100,892 shs.
preferred stock of New York Power and Light
•Corp.,. 41,515 17-20 shares of 5% preferred stock of Central New York
Power Corp. and 12,545 lA shares of $1.60 preferred stock of Buffalo,
Niagara, and Eastern Power Corp., all of the common stocks of Central
643.
the
of
In
1943;
96,088 shs.
1.05 shs.
(no
amount
Note—On
Power
Company Act of 1935 and a petition for
stated:
—
.mortgage,
4%
physical
...•Miscell
'
$8,283,574
1,530,.767
$6,752,807
in
consolidation:
Niagara & Eastern Power Corp., and subsidiary companies, application
has been made for the plan's approval under the Public Utility Holding
with
166,335 shs.
share
stock
*Cash
and
tion
__
(no
______
Each
Com.
In addition, preferred stockholders of Niagara Hudson Power
and Buffalo, Niagara & Eastern Power Corp. will receive cash
representing full payment of accrued dividends since 1942.
tho New York Supreme Court by
that New York Cen¬
Federal income and excess profits
& Harlem RR., and for other relief
Sheet, May 31,
Balance
pfd.
par)
principal subsidiary companies into a single operat¬
utility company, eliminate the holding companies
of the
system, and offer to preferred and common stockholders of
Niagara Hudson Power Corp. and subsidiaries cash, preferred stock,
common
stock, and securities at various ratios of exchange, it was
announced by Earle J. Machold. President of Niagara Hudson Power
in
Assets—•
cumul.
savings will be realized
Approved
•
(par
______
Commission
ing electric
1,240,130 shs.
144,639 shs.
share
will consolidate its
in said action.
prayed for in the complaint
pfd.
$100)
The corporation and its subsidiary companies filed June 28 with
the SEC a plan of reorganization of the Niagara Hudson System which
required to be
with the Com¬
are
the lessor as filed
cumul.
■
Each
Corp.
York
New
7%
•
Corp.
the
pav
5,930,523
9,350,986
—' >
—
—
of
1 sh,
Niagara Hudson Power Corp.—Plan of Reorganization
With SEC—To Consolidate Principal Subsidiaries
And Abolish Intermediate Holding Companies—
judgment declaring
a
to
7,679,148
______
p.
251,584 shs.
par)___tl,331,358 shs.
N, Y. Pow. & Lt Corp.—"
Filed
5173,976
$171,725
157,
were
accounts
brought
has been
action
York
tral
.
(Company Only)
—
deductions
Balance
—V,
mission,
New
(no
$7,996,897
1——
Income
&
•
.
the lessor but without prejudice,
paid bv the Lessee, some of which
account of
income
Common
$9,366,300
1,369,402
——
——
General expenses
Federal income taxes.
134,395
capital
or
etc.,
expenses,
classification of
the
included
Ah
income
Statement of
$826,024
865,605
—
organization
under
:
——
12 Months Ended March 31—
paid by the lessee for the account of
nor
of
(par
251,584 shs.
5,738,213
and
Income
pfd.
share
$21,197,286 $20,192,384
297,354
628,977
_
Balance
___
—
NY PA NJ Utilities CO-_-
above do not include any items for: Fed¬
profits
excess
cumul.
$100)
:
4,510
603,333
$828,275
—865,605
_
shown
figures
income
,
4,455
602,494
(10%)
preferred stock
5%
$21,494,639 $20,821,361
Income deductions, subsidiary companies—12,128,340 12,537.786"
$1,420,000
2,417
2,000
9,450
134,395
.
<10%)—
stock
common
on
Dividend on
eral
r—---—-——
income
-
51,535 shs.
207,595 shs. :
par)___t2,020,125 shs.
Each
6,143,453
9,130,566
'
*
income
Gross
(no
t501,493 shs.
Central N. Y. Pow. Corp.—
8,315,159
taxes
^—
Operating income
$1,433,867
——_________
income
Net
taxes
Other
1 sh-.
park
(no
7,120,038
•
_______
._.
2,096,725 shs;,'1.;', *■.
2,096,725 shs.
share
A
Common
1942
350,000 shs,
1 sh.
-
•
$25)
7,493,967
of property, plant
and declared value excess prof,
Fed. inc.
share
5,606,592
equipment
Income
$1,435,224
•_
_.
debt——
long-term
on
9,450
—
.
Railway tax accruals
.
——
Balance
Income from lease of. road
From
revenues
Provision for retire, (deprec.)
1941
1942
Dividend
•
$88,166,468 $84,625,210
30,279,445 28,613,918
expenses
and gas purchased for resale—
Maintenance
Calendar Years
for
Account
Income
'
From
1943
Electricity
and
350,000 shs.
Each
of said
the sale
of
$1.60 cumul. pfd. (par
Co. (& Subs.)—Earnings—
Other taxes
disposition
$5 cumul." 1st pfd. (no
Eacli
Operating
Operating
bonds.
.
income
2154.
.
Cash
Common
Power Corp.—
1,302,261
480,040
199.411
6%
company;
proposed
Eastern
&
19,085
633,885
290,906
12 Months Ended March 31—
5 for the purpose of approving,
The issue by the company of
of
ness
p.
Niagara
par)
NY PA NJ Utilities
the
of
meeting
157,
Other
stockholders of the Harlem will be held
authorizing and consenting to—
$7,820,000 of its 100-year noncallable 4 % mortgage bonds, and the making by the company of a
mortgage upon its lines of railroad property and franchises to secure
the payment of said bonds;
■
1
lb) The
making by the company of a contract with New York
Central RR.,
lessee, modifying the lease dated April 1, 1873, made
by the company to New York Central and Hudson River RR., so as
to provide for the issue and disposition of said bonds, for the guar-,
antee of said bonds by the lessee, for the payment of the interest
on
said bonds bv the lesee, for reduction of the rental payable under
said
lease bv
elimination nf amounts payable in respect of shares
of stock of the company held by the lessee, under certain conditions,
and for the payment, renewal and refunding at maturity of indebted¬
special
(a)
oper.
ry.
84,694
Buffalo,
5% Pfd.
Outstanding
Existing Securs.-
Class
Special Meeting of Stockholders, Aug. 5—
Aug.
1,604,806
607,649
291,930
—V.
under
entitled
is
(8%)
;to dividends of $4
A
112,920
2,447,145
1,177,098
462,187
-
by the Central of 52,560 shares of the minority stock
would, with its present holdings, give it 95% of the total outstanding
stock of this company.
All the shares are of $50 par value each.
preferred
1,516,370.
—Operating Co. Stock—
$248,029
74,980
;
from
Gross
Acquisition
The
$322,763
157,386
v
;
Consolidation
on
'MX-M'" v: ■'Will Receiver——
1940
railway—.
Net from railway
railway
from
Net ry. oper. income
From January 1—
stock
outstanding
1941
$332,353
139,516
78,699
Net
of this company consists of 26,879 shares
of
preferred stock, of which the Central owns 23,119 shares, and
173,121 shares of common stock, of which the Central owns 114,321
shares.
3,760 shares of the preferred stock and 58,800 shares" of
the common stock are held by stockholders other than
the Central.
The
1942
$498,652
257,932
railway
Table of Distribution
,
1943
Eastern Power Corp., Central New York Power
Corp. under the plan in accord¬
Niagara &
Susquehanna & Western RR.—-Earnings-
New York
from
Buffalo,
ance:,with the following table of distribution f
•.
.
,
May
Gross
of
Corp., and New York Power & Light
Terminal Co. taxes and bond inter¬
against said properties for Boston
157, p. 2351.
,
"
Stocks Outstanding
•
Providence
-r
<
-
unpaid real estate taxes on Old Colony and
properties; also accrued and unpaid charges
est.—V.
;
;
Corp. leases.
accrued and
and
Boston
and unpaid on the stock so
exchanged and the interest accrued on the new bond or bonds de¬
livered
in exchange
shall be adjusted in cash.
In case the oiler of the Central shall not have become effective, in
accordance
with
its
terms,
on
or
before Nov. 1, 1943 (or on or
before the extended date), it shall be deemed to be withdrawn, and
this company shall cause notice to be given at once to the respective
depositors.
In case of such withdrawal, any acceptance theretofore
given shall be deemed to
have been revoked and withdrawn, and
J. P. Morgan & Co., Inc., as agent, shall upon request of the depositor
and
upon the surrender of
his certificate of deposit, duly endorsed
in blank, deliver to the depositor the stock specified in such certificate
of deposit without expense to-the depositor.
the
between
l>-
series (par $100) and
4,341,803 shares of common stock (par $20).
These shares will be issued in the first instance to the holders of..stocks
Providence, Warren & Bristol RR.f. and Boston & Prov¬
RR.,
RR.
tlncludes
Monday, July 5, 1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
90
..../a;;?
l>:
■
Volume 158
shares
Inc.,
tion
of
the
and
Number 4191
stock
common
cash,
all
in
of
Consolidated
accordance
the
with
Edison
Co.
following
of
New
York,
Norfolk
May—
Each
receive:
holder of
' %
(a)
share
<d>
V2
share
accrued
and
will
%
Corp.
share
mo
accrued
(3)
of
par)
and
will
stock
and
the
to
holder
of
receive:
Power
York,
for
stock .(par
(par
Power
Corp. and not
will be offered
rights
of
the
subscribed
so
to
the
for
holders
of
shares
of
stock
common
of
stock
common
of
the
operating
proposed
company
amount
/shall,
the
of
of
common :
to
be
Not
issued
exceed
to
used
The
p.
first
to
to
exceed
company
the plan,
4.867,716 shares of the
to
are
issued
be
.•
in
'/
Forma
Year
Ended
Statement
Dec.
of
consummation
of
as
Jan.
SEC
Gross
;
.-
.,
to
Vi
Gas
*
h
will
Canadian
for
other
income
6,838,725
income
'
j—
-.
Interest
long-term
on
debt—:
charges.——
charged to construction
Interest
Amortization
-
of. premium
Miscellaneous
.
stock,
with
31,
$100,
par
$1
paid
March .31;
to
$1.25.—V.
Other
__
—,*
Consolidated
of
Dec.
Balance
St,
•:
—
229,229
223,139
2.887,845
50,976
31,596
416,080
55,427
537,622
611,438
25,000
25,000
300,000
300,000
18
24
$1,125,976
$987,225
3,739
2,513
$1,129,715
432,420
$989,738
428,629
_______
$82,051
to
114,682,
$82,331
$78,836
33,763
35,009
deducts..
$48,568
_________
12,228,347
Real
'■>
■Sinking
$363,061
etc—
Post-war
refund
of
profits
excess
..Cash
receivable
Interest
and
and
debt
work
deferred
Other
Total
Net
9,279,998
i;
—2,427,172
and
—
stock
Common
Funded
,
:
——
■
"Accrued
—__—_i
on
in
1943
323,669
recently
Eastern
Liabil.
Other
deposits
accrued
Interest
2,403,547
—
for
_____.
accrued
depreciation
'reserves
...
of
liabilities———
—.
paid
Dec.
on
a
dividend
of
20
cents
share
per
28,
last,
and
25 cents
on
July
1,
1942.—
.*>80,287
capital.;—
——
construction
70,208,907
1942
1,862,389
——_—,
—
80,850,810
1940
$95,897
$24,269
46,496
54,086
8,298
16,682
32,720
2,397
Total'
—V.
——
—
-
157, p. 2351.
—
—
$614,322,693
public
hearings
application
Senator
followed
Shipstead
protests
iDem.,
by
mid-
Minn.)
approval,
to
Kuhn
bonds
the
Loeb
&
been
have
over
Co.
and
sold
under
rcoffered
to
the
basis.
Jr.,
President
finance
of
the
of
the
company
Pennsylvania
Commission
June
26
RR.
not
to
and Vice-President
System, asked theV:
pefmit
the
fair
tages
applicants
will
lose
substantial
the
advantages of
this
added:
He
the Commission,
in
the
light of
its history
regulation
under the law, to see to it that purely private
responsibility in the matter should not be permitted
accomplishment of a result which materially advan¬
credit of two of the railroads whose welfare is entrusted
without
the
the
to the Commission."
>
The following telegram was sent
to M. W. Clement,
President of the Pennsylvania RR.. and George H.
Pabst,
Jr., President of Pennsylvania, Ohio & Detroit RR., by*
Halsey, Stuart & Co., Inc., and Otis & Co.:
Your
issue
telegram June 24 regarding Pennsylvania, Ohio & Detroit bond
received.
late
in
the
should
the
to
value
due
in
35
1981
as
company
bearing
at
of
to
proposes
34-year
Any
We
that
nine
would
bidding
the
approve
estimated
sacrifice
bonds.
competitive
a
until
Commission
to
appeal
your
railroads.
bonds
the
on
Commerce
decline
sale
they
savings
by
years
be
willing
for
bonds
3%%.
Referring to the $3 943,000 4'/a%
be
willing to guarantee the company at
40-year 3%% bonds carrying 1%% annual
would
we
If
for
Interstate
advantage
two
101
get prospectus
stockholders
take
bonds
98%
sale
the
the
company
*years
due
of
to
The
25.
of
should
25-year
guarantee
bonds
June
welfare
substituting
unable
were
on
interests
They
the
without
are
We
day
in
transaction.
for
these
proposals
are
of
interest
would
we
like
oppor¬
of
discussing the details with you.
We are forwarding copy
telegram to certain Interstate Commerce Commission members,
public officials and to the press.—V. 157, p. 1088.
this
of
i Light
Pennsylvania Power
.
Co. (& Subs.)—Earnings
Calendar Years—
Operating
1942
;
revenues
Operation
1941
$46,638,268 $43,386,111
_____
19,943,141
_______
Maintenance
18,200,570
3,119,536
taxes
3,269,333
7,351,649
/
*4,270,051
2,038,536
2,093,765"*-
3,202,220
2,852,520
retirement reserve appropriations—
of limited-term investments
Amortization
Net
operating
Other
income
16,895
15,489
1 $10,966,289
$12,684,381
25,751
__;
revenues__
(net)_„
railway..___
railway_-____
575,146
431,865
110,333
117,699
298.291
229,622
31,052
21,967
income—
107,374
108,046
1,803
*10,413
157,
$21,418
2049.
p.
/
9,914
__r
May 31—
after
Federal
Net
."
retirement
than
accruals—
res.
3,641,531
'
2,747,005
$2.99
$3.92
157, p. 2255..
$290,680
187,233
17,082
12,100
$1,121,421
156,
812,287
765,947
70,842
66,648
10,863
49,287
31,774
$50,349
taxes—
.
$50,359
$189,005
$203,039
______
Dr322
Dr4
.
income
________
44,521
deduct.
p.
$50,359
$5,829
other
$50,349
_______
'• and
corporation
sale
offered
to
Securities
of
78,779
$5,433,881
$7,026,841
2,596,533
2,597,644
$6 preferred dividends
457,848
$5
791,040
791,040
366,423
2,292,496
preferred dividends—
Common
dividends
per
457,848
share
of
$0.84
$111,660
year
of
1941
income
and
excess
$5,802
$19,285
$33,904
$1.69
profits
taxes
against earned surplus.
Consolidated
Balance
Sheet,
31,
Dec.
1943
Assets—Plant, property, and equipment (including intangibles), $230,investment and fund accounts, $469,607; r^sh in banks, on
demand, $6,809,246; cash in banks, time deposits, $2,500; special de¬
posits $1,077,799; working funds. $197,625; temporary cash investments,
$1,304,246;
notes receivable, $2,000;
accounts
receivable, $3,493,001;
036,635;
and
supplies,
$4,960,462;
prepayments,
$359,665;
and
accrued
assets,
$21,393;
deferred
debits,
acquired capital stock, $868,078; total, $268,447,456.
other
$18,845,199;
cur¬
re¬
Liabilities—Capital stock," $77,928,256; long-term debt, $127,420,000;
payable, 2%% serial notes, due Aug. 1, 1943, $850,000; accounts
notes
payable,
$2,469,505;
and interest,
debt
$9,445,950;
liabilities,
dividends declared, $960,522; matured long-term
$15,672; customers' deposits, $342,403; taxes accrued,
accrued,
$1,979,282; other - current and accrued
interest
$205,049;
deferred
contributions
in
156;
surplus,
p.
earned
aid
of
credits,
construction,
special,
$4,400,679;
$586,338;
$500,721;
total,
reserves,
earned
$34,254,923;
purolus,
$7,088
$268,447,456.—V.
-
157,.
2352.
169,130
Pennsylvania RR.—Earnings—
Oil Ventures
the
$203,034
44,558
$188,682
169,397
2227.
V.*"
The
3,325,000
147,406
_■
$7 preferred dividends—
$1,067,411
Fed.
*.
Cr__
rent
1943—12 Mos.—1942
212,375
18,406
___
to construction,
income
Net
materials
Co.—Earnings—
$268,089
income
Net
—V.
1,138,733
Interest charged
1942
3,080,166
1943—3 Mos.—1942
profits—
income
&
1,282,500
1,100,241
deductions
Earnings
_______
expenses
exc.
income
Inter.
1,282,500
and
charged in that
1943
share—______________
revenues ;___
income
Gross
3,322,824
$12,445,573 $10,883,209
common
operating
Other
mortgage bonds
debentures
*Exclusive
2,236,065
per
other
&
$10,992,040 $12,694,295
.
Co.—Earnings—
revenues
income
inc.
on
on
Other interest
*4,421
income—:
Taxes,
<-•/
'
,
called
1,-752
income—
*550,000 shares outstanding;—V.
with
•
and
respectively look to
Interest
1941
$94,568
*'•-
.
,y/;'»
V-i'V-*4--"V Y.'v'
J
—2,499,799
Surplus
Pabst,
of
Interest
Ry.—-Earnings—
railway.—
.
1,964,946
——
——-————
of fixed
752,996
15,502,174
2,361,664
162,467
—
debt
-_
aid
_—
:
credits
in
168,491
'
—
premium on
Contributions
in 1943
__—
and
current
deferred
Reserve
Other
l—
———
accrued
Unamortized
Other
Corp.;
relating to Sacandaga & Stillwater res. due
Customers'
'Taxes
Power
/
Property
Co.—20-Cent Distribution—
declared
'
&
are
258.
oper.
Operating
Operating
314,480
—
on
Chemical
Old Dominion Power
408,000
stock of a constituent company.
preferred stocks of Buffalo, Niagara
pfd.
dividends
——c'
—
of funded debt matur. or called for red.
*
par¬
Other taxes
Period End. Mar. 31—
4,537,203
payable
amt.
200,960
railway-.-^—
*Earnings
231,099,400
—___—
Accounts
declared
11,772
2154.
p.
•
97,354,320
•—
,
>•
4,053,436
1,317,277
Princ.
157,
341,461
$95,517,100
—
par)—————
_____2
/
r
.
Liability relating to Sacandaga and Stillwater reservoirs.—
Advances from Niagara Hudson Power Corp—J
Div.
income—
oper.
ry.
Gross
$614,322,693
<
($100 par)
($20
debt*
*170,340
Operating
673,398
—.
—
<
preferred stock
*20,807
12 Mos. End.
2,849,664
_______
______
■
5%
199,601
Oklahoma Natural Gas
181,674
expense—
progress
-
587.267
.-...♦Deficit.—V.
16,362
—
has
bidding for the proposed issue.
issued"
Commerce
defeat
1,183,667
9,631,466
discount
—-
1,243,535
1943
Npfi-jfrnm
debits——v—399,946
'Liabilities—
1,654,737
from
Gross
4,505,450
Net
•
2,399,407
from
ry.
li,o^4
—
H.
and
"We
*41,900
railways—
From January 1—
-
which
*10,752
6,283
Oklahoma City-Ada-Atoka
Net
working assets____//——
in
$265,486
30,072
27,711
cents
from
.<•••
receivable of $307,520)
—
Unamortized
10
Gross
<
supplies
current
Retirement
accs.
receivable.—
Prepayments
Other
U_
.
•—•
_______
for doubtful
res.
dividends
and
Material
!
(less
rec.
$285,728
64,045
May—
431,723
Europe
-
has
Gross, income
14.196,728
,
United States Treasury- notes—tax series.
Accs.
$361,269
193,122
144,139
railway__/___
157, p.
Net
taxes—
and
r
Commission
the
on
contract
"when
a
refunding."
tunity
$571,976
directors
3,916,585
—
Notes
with
V.
655,492
________________
States
,
Commerce
Commission
sinking fund.
RR.—Earnings-
income—
oper.
1,865,121
deposits
pleted
common stock,
par $1, and on the class B common stock, par
both payable July 1 to holders of record June 24.
This compares
5,057,652'
capital expenditures—______
United
the
on
2,113,055
for
$226,911
railway™
railway.,
Noxzema
181,080
the
saving of about $1,500,000 in taxes for the Pennsylvania RR. for 1943.
Mr.
Pabst
asked
the
Commission
to
give
the
application
early
"since
otherwise
consideration,
the
transaction
may
not
be
com¬
17.4,000
funds
Special
;
L.
'company) __1
investments
restricted
334,198
1940
from
'The
—$555,754,292
estate,
Other
"Cash
$561,109
1941
*Deficlt.-r-V.
.
■
its
firms "con¬
only with prospective bankers' profits" to defeat a plan of
Pennsylvania System to assume obligation in respect of $28,483,000
of its subsidiary's 3%% first and
refunding mortgage bonds, series D.
Mr.
Pabst
wrote that refunding
of the bonds would bring down
the coupon rate on them from 4Va% and result in an over-all interest
saving of $7,834,737, or an annual saving of about $312,000, plus a
January 1—
from
-
,
the
Federal
,
(consol:
$697,295
334,234
period
Sheet
«
Development Corp.
,$43,827
1942
oper.
ry.
1942
expense.
'
1943
Net
$1,
Northern
769 /
_______
from
ry.
Gross
Assets—
Adv.
$78,067
280
applic. to preferred stocks for the
From
(The Operating Company' and Subsidiary Companies) :* r
^
(Giving effect as of that date to Parts I and II of the Plan except
mortgage .debt refunding).
/
capital
Capital stock
on
charge
2,690,655
335,145
etc.,
Grtiss from
Cr90,213
Fixed
to
George
to
$4,921,487
income
Curb
k
assure safe, contransportation across the Atlantic.
The
Drydock Co., Worth and Lukens Steel Com¬
interests
negotiated
of
Co.—Earnings—
$5,267,541
May—
I'
:
as
>
180,519
-
Subject
ancl
.1943—12 Mos.—1942
approp.
York
air
competitive
competitive
Net
114,582
were
each;
157, p. 2351.
Net
12,611,635
As
1942
50,250
Net income
317,673
<
income
Forma
in
$413,229
oper. revenues—
income (net)—
Net
Pro
Payments
Sept. 30, 75 cents
limited-term
of
Balance
'
Net
last.
?
9,367,219
;
—ui
31,
1943—Month—1942
taxes
Interest,
Cr217,305
debt—
on
Co.—$1.25 Dividend—
a
——
Prop, retire, res.
New
which maintains
company
Competitive Bidding for Bonds Opposed By Road—
$437,506 '
expenses
the
cerned
$1.25; June 30 and
157, p. 2351.
revenues
317,673
26,523
of
1940
dividend of $1.25 per share on the
holders of record June 28.
This com¬
March
on
between
hearings
bank
lack
3,593,287
Cr217,305
expense
public
western
$5,758,142 ?
'
21,817,736
7,397,713
hold
the
4,927,130
June 30 paid
of
the soundest proposal yet made to
as
conomical
Interstate
5,425,430
Divs.
83,086
.-
u
1941
$6,481,717
by the New York
the
for July 8 on the application of the road to issue and sell
$28,483,000
of
first and
refunding mortgage 3%% bonds.
The ICC decision to
6,847,344
/
21,900,823
__x
Amortization of debt discount and
1942
listed
on
Pennsylvania Ohio & Detroit RR.—Bond Sale Hear¬
public
$8,795,667
President
ing Called July 8—
protect
7,841,688
83,086
________
Other interest
157,
7,622,914
Gross
6,372,942
20,250,823
vK
income
19.—V.
10,361,846
Other
654,856
20,167,736
•
—
Holding
(Del.)—Weekly Output—
'
be
listed
Co. and the Belmont Iron Works
among the
noted American industrial organizations which will
ticipate in the seadrome project, it is said.—V. 157, p. 2255.
11,666,007
Northwestern Pacific
Gross
application July
been
bidding
Utility
2154.
p.
investments
15,047,919/ 15,047,919
494,427
494,427
—,
the
on
has
Shipbuilding and
panies, The John A. Roebling
income—
railway—
oper.
Amort,
12,918,092 v
654,856
—
1939,
listing by the New York
A total of 481,790 shares of
to
';/v
Sun
railway—.,—
—V.
[•£? Operating income
competitive
Public
out¬
1,
for
approved
authorized
stock
is
route
and
25,126,328
6,838,725
appropriation
reserve
for
the
$92
in
appraised
28,338,692
38,887,120
taxes..——L;——_
Emergency diversion
bonds
under
to
The
Monro
seadrome
a
been
"40,041,071
from
Operating
110,873,508
>12,918,092
taxes.—.
the
1942
Washington, D. C.
The company was projected
recently into the international picture with its application to establish
pi 2453.
157,
Federal taxes
38,887,120
_
for
hearing
a
Period End. May 31—
110,873,508
for Federal income tax—6,372,942 «
Provision for Federal excess profits tax
____
9,491,688
Provision
offer
716,496
Provision
Provision
to
promulgated
are
been
been
1938.
offices
ttnuous
presently
company's
general
54,564,274
19,672,558
11,891,271
-2-
Depreciation
securities
Bedell
interests
98,265,741
_.__i
*
-
hold
Operating
716,496
revenues..__—_____
the
such
C.
Interstate
Dec.
will
1943
has
have
/
since
1,168,028
Net
operating
redeeming
1943
from
for
sinking
Payment
trading will begin July 6.
stock
Exchange.
Exchange
1,491,630
effect to
11,891,271
Maintenance'--Li/
Other
i
gage debt
-
Total
sale of
%,
Stock
1,531,763
follows:
refunding
'. J
______
Operation
U-50
the
bonds, series A, 3%%, dated Aug.
principal amount of $45,000,000.
Northwestern Electric
$
Railway
•
stock
common
1,844,821
ry.
called
3!/2%
2228.
p.
common
1,779,444
Not giving
refunding
.
of
purpose
from
Northwestern Bell Telephone
.
98,265,741
:
:
£o.-r-Files $45,000,-
the
2,526,664
Net
has
of
interest.
Pennsylvania-Central Airlines Corp.—Listing—
The
ry.
Net
New
outstanding
1973. in the aggregate principal amount
railway— $11,397,850
railway——
4,310,987
oper. income—
2,467,058
January 1—'
From
Broadway,
$10,290
156,
The
—V.: 157,
the mort-
revenues—
Electric
stock
give
gage debt
/Operating
the
on
.
constituent
effect to
,
share
,
from
Gross
42
loss
—V.
in
of
the mort-
V
per
'
common
Giving
'•
cents
from
pares
,
,,
companies adjusted
1942 to Parts I and II of the plan.);
1,
per
Public Service
derived
mortgage
The company on
the
cents
Northern States Power Co.
;
of
30
Electric output of the Northern States Power Co. system for the week
June 26, 1943, totaled 40,275,000 kwh., as
compared with 33,372,000 kwh. for the corresponding week last year,
an increase of
.
Income
1942
year
of
Net
15)42
81,
(Represents combined earnings for the
companies together with their subsidiary
effect
the
.'\\
' /
...
Consolidated
dividend
operating
(The. Operating Company and Subsidiary Companies )
;
7.
with
connection
„
Pro
stock of the
$48,000
and
Net
955,171
common
be
Rule
■
Not
60
May— '
.
Co.,
owner.
Quarters End. Mar. 31—
Net
on June 24 of a 100% stock dividend.
'•
during 1942 were as follows: March 17, 65 cents;
and Dec. 23, $2.—V. 157, p. 2351.
to
the
for
2453.
•
&
sole
Peerless Cement Corj>.- -Earnings-
v
a
preferred /stock,
as
cash
a
"Northern Pacific Ry.—Earnings—
connection with the consummation of the plan.
■
be
standing
at the date of the plan.
of
$20).
(par
are
declared
1, 1943, due Aug. 1,
20.7% .—V.
Company.—It is proposed that the
capital stock. of the operating company
the plan, be $925,000,000, to consist of
preferred stock (par ,$100) and 10,000,000 shares
stock,
stock
'
l
ended
shares of the
5(4. series, in
The remaining shares
of the preferred stock may be issued ,in the preferred stock, 5 % series,
or in such other one or more
series of preferred stock as may be
created from time to time by the board of directors.
:
preferred
*101,976
'
J
'
i
$45,000,000, bearing interest at the rate of not more than 3
annum, from the date thereof, payable semi-annually.
The proceeds
.
authorized
consummation
upon
per
The- Operating
1,.250,000 shares of
.
those obtaining
from
of
1 *
.
^Company proposes to issue and sell first mortgage bonds, series C,
dated Aug.
of
to
the holders of such preferred stocks, such.common
being- valued for this purpose at $20.50 per share.
As • stated
in the plan, the board of directors of Niagara- Hudson -Power Corp.,
reserves the" right- to- adjust the foregoing distributions to provide, for
the foregoing and to compensate for changes in. market values and
values
>
The company plans a $45,000,000 debt
refunding program/according
to a petition filed with the Securities and
Exchange Commission.
•
distributed- to
/Capitalization
corporation
of
100
Company Act of 1935.
.
stock
estimates of
^
,
Refunding Plan—
pursuant
preferred- stock of Niagara Hudson Power Corp., and any
'balance -remaining to the holders of the-second preferyed .stocky
;in,
for
to
due Aug. 1, 1969, in the
The company proposes
first
substitution
179,632
at
stock, payable July 12 to holders of record July 7.
Northern Indiana
000
Hudson Power Corp., subject to allotment, at the price of
per share.
To the extent such rights are exercised and pur¬
chases made,. the cash so received will be, distributed first to holders
be
equivalent
30
■
Niagara
of the
145,855
Cash distributions
•
$20.50
•
June
on
the common
is
the
redemption as of Aug. 1, 1943, a
fund debentures due Aug. 1, 1949,
be
made
at
the
City
Bank
Farmers Trust Co., trustee, New York, N. Y.—V.
157, p. 2454.
1,678,036
441.446
Exchange and
Niagara Hudson
such subscription
to
pursuant
of
The
prior to the payment
:
$1). of Northern
for in this
of Niagara Hudson
stocks
preferred
'
'1
directors
on
Telller
is
>;
' * v*
1
This
operating
,
holders
429,744
1
2,055,850
.
Tellier
Pacific Western Oil Corp.—Debentures Called—
31,397
total
766,896
share
otherwise allocable to the holders of the preferred stocks of
/Niagara Hudson Power Corp. in the - ratio' of 8-100 share of common
stock of the operating company for each one share of common stock
of Niagara Hudson Power Corp. then held.
Such rights will expire
within such time (not to exceed three weeks) as the board of directors
of Niagara Hudson
Power Corp. may fix.
The remaining terms of
such subscription are to be determined by the board of directors. Such
Tights will be evidenced by transferable subscription warrants.
Iii/v/
addition, all shares of common
stock
of
the
operating company
the
*20,929
.
155,308
2,746,868
The
Corp. will be given pro rata rights to subscribe, at the price
per share,
to shares of common stock of the operating
to
107,223
52,395
underwriter,
Walter F.
$338,583
.Northeastern Water & Power Corp.—30-Cent Div.—
$20.50
allocable
/
ry. oper. ictcome—
404,038
*Dcficit.—V. 157, p. 2154.
Electric
company
■
railway—_
provided
stock
243,302
84,079
f
principal
a
York, of which
1940
.
$436,717
T'i
railway
Oct. 31, 50 cents;
distributions
common
the
of
180,485
income—
'
892,464
from
company;
stock
common
stock
from
1941 /
$666,067
Net
\
stock
in
common
railway-——
oper.
91
through
1942
$683,570
3,325,316
Net
,,
&
Gas
ry.
railway
From Jan. 1—
Gross
dividends
operating
Hudson
from
Net
i
amount of dividends
distribution.
4
common
'Subscription Rights—-Prior to the
'Part IV, the holders of shares of
the
outstanding
of
company' and ' (b) 1-10 share of
Development. Corp,
New
1943
from
Net
1
(no par);
of
amount
plus cash
of
share
of
Central
fixed
share
V#
in
of
Co.
(c)
distribution.
for
stock
of
date
one
i.ai-
company;
outstanding second preferred
in cash,
$9
(c)
Edison
cash
fixed
common
common
operating
Consolidated
share, of
shares
unpaid
Each
$101
4)4
ia)
of
cash,/ plus
one.
the
of
Hudson Gas & Electric Corp.
the date
to
holder of
receive:
(bi
in
$10.50
unpaid
><2). Each
stock
common
(ei
and.
stock
common
Gross
outstanding 1st preferred stock will
stock 5%
series of the operating
preferred
share
stock of Central
common
Inc.,
share of
one
share
company; .(b); 1
■
Southern Ry.—Earnings-
table of distribu¬
:
"(1)
of.
THE COMMERCIAL & FINANCIAL CHRONICLE
3,000
the
May—
Gross
June
and
Class
18
filed
Exchange
A
a
registration
statement
(2-5155)
Commission
from
Net
Corp.—Registration Filed—
on
ry.
Net
be
Net
distributed
railway
railway——
oper.
income
From January
covering the issuance
par value,
which will be
shares, without
public at $100 a share.
The shares will
1943
from
Net
Gross
from
from
ry.
1941
1940
1—
railway
railway
oper.
1942
$84,331,687 $70,364,936 $51,773,209 $37,683,303
29,770,391
24,572,476
14,620,346
11,992,755
13,363,900
12,036,092
8,524,570
7,127,268
income
387,937,642 308,208,850 222,565,710 180,807,114
116.110,707
87,871,999
60,349,522
49,860.882
44,030,506
34,188,823
34,796,392
29,093,672
■
THE COMMERCIAL & FINANCIAL CHRONICLE
Period Ended May
31—
of
way
84,478,040
8,088,382
13,491,032
Maint.
of
equipments—
Tranic
struc.
&
»bo,2^4
ui.——
29,674,730
1,206,797
1,262,463
Transportation
Miscel.
operations
General
expenses
____
f>
1943—5 Mos.—1942
V.
Operating
Provision
Federal
Net
frm. ry. oper.
rev.
Unempl.
insur.
taxes
Equipmt.
930,181
1,006,704
bal.
395,055
taxes
Rai road retiremt,
24,575,646 116,032,726
9,563,905
57,792,800
•
831,813
4,640,939
821,313
5,027,841
1,066,401
3,503,924
265,732
1,168,765
29,789,342
13,861,400
taxes
rents—Dr
224,846
Joint facil. rents—Dr bal.
87,734,876
39,875,492
4,005,724
43,948,457
33,994,096
accumulations
payable July
3,949,685
was
4,656,924
Dec,
1,202,955
to
made
on
declared
have
directors
The
of
A similar distribution
July 10, Sept. 12 and
1943, were said to amount
15 to holders of record June 30.
April 10, last, and on April 22,
1942.
Arrearages as at May 30,
$55.62% per share.—V. 157, p. 1186.
18,
—V.
12,026,482
13,371,156
income
oper.
ry.
May—
$1,
par
•
of
dividend
A
June 28 to
were
made
on
each
cents
share was paid on the common
per
oper. income
Prom January 1—
Net
Pennsylvania-Reading Seashore Lines—EarningsMay—
Net
from
Net
ry.
from
Net
Net
1940
$412,886
"22,906
income—
26,136
*49,903
*124,911
*4,497
3,957,825
429,563
157,
*459,965
*764,008
•
was
made
paid:
May
from
ry.
Gross
P.
Sales
Clarkin,
Net
surtax
71.P00
103.500
tax_
1,339,385
948,500
2,711,885
948,500
income
$2,463,747
_________
35,558
$2,361,262
Drl8,947
$5,968,737
68,164
$6,340,530
Drl20,828
$2,342,315
1,081,397
$6,036,901
$6,219,710
2,617,451
2,682,395
236,861
532,658
profits
operating
Other income
______
income—
$2,499,305
debt
1,115,882
discount*
premium & exp., net
199,968
Interest charged to construction (Cr) —22,799
directors
July
1.
with
25
Jan.
on
of
cents
10
ry.
Gross
33,730
12,295
614,698
141,157
71,657
641,781
138,850
62,796
560,849
519,659
194,285
172,228
119.211
98,557
1941
1942
1940
$111,716
$98,763
railway——
43,165
Net
—V.
income—
1—
22,296
34,340
32,032
46,234
573,867
479,808
370,260
178,983
92,545
155,458
110,531
149,538
49,833
A
dividend
of
Maintenance
944,033
380,481
,—».
_
_______
Taxes
cents
share
per
payable
State
holders
of
record
June
General!
-Total
Fed.
subs.
discount
Income
taxes
Net
pfd. divs
and
64,865
$801,350
225,756
12,978
397,386
expense—
income
Dividend
-—
•
.
_________
_______
for
623,889
1,142,495
1,423,256
948,268
1,563,327
$4,770,809
$4,130,694
211,017
depreciation
for
_____
Earned per share__
Consolidated Balance
$87,834
$9.65
Sheet, Dec. 31,
net
$2,068; unadjusted
Liabilities—Capital
stock,
$198,765;
debits,
(12,000 shares
obligations,
tax
accruals,
tax
$57,754;
liability,
$501,
$2,460,316
income
Net
for Federal
Provision
and
debt,
paid-in surplus, $179,876;
596.—V. 152, p. 1140.
.v".>> '1 :/>•.'■■.
v..■■■yyi?:.%:
$3,737,$1,611,-
$7,453,-
-yyy-.yiy'-v:'..;y
the
Simplex
been
was
continued
Radio
Division
awarded
on
star
of
white
a
announced
the fourth
excellence
Philco
to
star
its
Corp.
add
production
war
at
record,
Ohio, has
Sandusky,
its
to
Army-Navy
"E"
the
just
flag,
Earned
surplus at beginning
surplus credit
Pittsburgh
Operating
& Lake Erie
Fed.
inc.
RR.—Earnings—
way
struc.
299,871
248,088
1,310,955
1,134,057
of
equipment™
862,708
714,230
4,192,930.
3,829,026
41,172
40,341
789,801
796,612
203,962
4,004,732
97,666
93,326
490,051
201,188
3,908,450
485,134
$1,042,224 *>$1,113,458
$4,663,812
$3!632,983
;
Transportation — rail,
other expenses—
*Ry. tax accruals
Equipmt. & joint facil.
rents
.
,
920,296
Fed;
income
'; Income
income
♦Includes
Earned
and
after
excess
$2,893,762
101,831
10,910
$2,995,593
$2,551,582
188,555
1,080,101
,838,822
$394,870
$439,585
3J378
4,204
$1,915,492
$1,712 760
18,276
Ig',963.
;■
fix.
$390,666
$436,207
$1,897,216
$1,695,797
profits
I
Morris &
805,160
-
.
.
3,363,023
2,411,432
notes
The company
Co., Ltd., Inc.—Redemption of Pre¬
has called for redemption
as
of Aug.
1943
stock and
cumul.
latter
shares of its 4y4%. cumul. preferred
at
at
will
preferred
$107
be
stockholders
per
mailed
of
stock,
share.
in
$250,516
Dr666
$2,969,422
$2,951,877
Dr7,502
£)rl4,140
$291,211
121,074
$249,850
$2,961,920
68,443
1,086,538
$2,937,737
831.076
43,000
58,827
431,451
648,983
______
131,000
profits
income
Net
Dr204
tax
6,525,262
48,597
$9,715,507
$8,051,619
7,794,690
-
$127,137$122,580-
________
div.
requirements-
157,
P.
55,816
55,816
______
'
$1,312,931
669,797
$1,457,678
669,797
2456.
Public Service Co. of Oklahoma
(& Sub.)—Earnings—
Calendar Years—
Taxes,
and
3,670,526
income
3,365,921
734,010
1,385,020
& excess
profits__
1,314,029
840,430
inc.
541,340
1,239,130
1,289,722
______________
Fed.
than
1941
1942
$11,707,167 $10,733,116
revenues
expenses
other
Federal
638,187
taxes____
Federal
excess
profits taxes__.
Charges in lieu of income and excess profits—
Net
operating
Other
income
646,157
133,143
528,203
$3,008,153
income———_________
________
$3,106,303
and
8,139
■-
$3,017,420
1,144,283
$3,114,442
$1,873,137
deductions
other
9,267
,f
,
income
Interest
_____—
Balance
139,078
Assets—Utility
$1,914,384
Sheet, Dec. 31,
1,200,058
investments,
securities, $425,034;
U.
accounts,
warrants and notes receivable,
Government
S.
notes receivable,
$123,363;
reserve
$949,525;
$1,717,534;
cash,
service
customers'
other accounts and
for uncollectible accounts and
notes,
supplies, priced at average cost, $632,875;
deferred charges, $2,089,211; total, $63,522,997.
materials
Dr$47,250;
and
$55,107;
prepayments,
1942
$56,856,7i8;
plant;
$720,881;
Liabilities—Capital stock of Public Service Co. of Oklahoma, $18,capital stock of Southwestern Light & Power Co., $3,162,432;
long-term debt, $23,248,000; notes payable to banks, $187,500; accounts
payable, $200,057; customers' deposits, $714,880; accrued taxes, $2,174,438; accrued interest, $347,306; other current liabilities, $56,982; de¬
ferred credits,
-MS,357; reserves,
contributions in aid of
$1,920,817
$7,912,541
utility
non-utility property, $5,-
$58,143,588;
plant,
Dr$112,602; accounts receivable from affiliated com¬
materials and supplies, $562,455; prepaid insurance
reecivable,
panies,
$37,440;
etc.,
premiums, taxes,
$75,553,989. >
deferred
$89,669;
total,
$3,035,895;
charges,
157,
p.
Liabilities—Long-term debt,
accounts
payable,
$886,039;
deferred liabilities, $16,614;
$48,708,975;
$365,915: customers' deposits, $21,388; accrued in¬
accrued taxes, $1,960,593; deferred credits, $55,808;
$6,153,901; contributions in aid of construction, $106,227;
stock (no par) (236.819 shares), $15,357,712; earned surplus,
capital
$1,920,817;
$75,553,989.—V.
total,
157,
1749.
p.
$934,697;
2256.
surplus,
earned
total,
$4,887,205;
$63,522,997.
Radio-Keith-Orpheum Corp.—-$2 Accrued Dividend—
The directors
6r/o
May
on
for
for
quarter
the
will
per
share
en
the
dividend consists of $1 to complete the payment of the
The current
dividend
dividend of $2
a
stock, par $100, payable Aug. 2 to holders
The previous payment; was a similar amount mad®
preferred
July 20.
1, 1941.
accrual
the
June 28 declared
on
cumulative
of record
quarter
ended
in the
31. 1940 and $1 of the accrual
1940.
Payment of the Aug. 2, 1943
unpaid preferred dividends as of Aug.
per share.—V. 157, p. 2155.
July
ended
1,
Oct.
leave accrued
and
of $17
amount
1,
1943
of
Railway Equipment & Realty Co;, Ltd,-—Private Sale
Bonds—An understanding has T>een reached cover¬
(& Subs.) —Earnings—-
Public Service Co. of Colorado
operating
_______
________
$21,070,548 $19,382,631
6,867,369
2,558,514
744,238
1,432,000
1,760,779
1,992.133
general and administrative expenses—
for
Provision
Taxes
and
cos.
—
tax.
State
operating
99,656
814*080
$5,F«e\?/tO
$4,800.fii0
252,889
263,936
$5,838,129
2,099,720
revenue
income
2,264,188
618,287
1,431,695
1,925,408
1,275,777
______
$5,064,546
$3,738,409
669,512
2,309,960
$2,980,035
669,515
1,620,793
$13.35
$10,05
taxes—
profits
6,153,009
130,273
tax
income
Federal, excess
Other
provided by
replacements as
income
Colorado
Net
repairs
(other than income taxes)
Federal
1941
1942
revenue
__________
—
Total
income
Interest
and
charges
other
ing private sale of $4,000,000 first mortgage serial bonds
at 100, subject to the preparation of a mutually satis¬
factory indenture and consummation of all other neces¬
sary legal steps.
It is contemplated that the new bond
issue will be dated Aug. 1, 1943, with $225,000 maturing
Aug. 1, 1944, and a like amount annually thereafter
until 1957, with $850,000 maturing Aug. 1, 1958.
est varies with maturity, from 3% to 4^%.
Alfred J/ Lundberg,
____—
the
the
former
Quarterly
usual
record
$105
1,
1943
497
a
share
dividend-checks
dated
course
on
or
before
total of
shares
per
that
of
and
Aug.
date
July 15, 1943.
The drawn certificates are
deemable at the Guaranty Trust Co., 140 Broadway, New York N
—V. 157, p. 2455...
y..: ;y: j;/', K.-.'y
' ' ;■
...
its
the
1
to
re¬
Y
":
2,084,511
consummated,
:___
income
Common
dividends
—;
—
and
possibly
existing
debt.
This
dividends
'
Earnings per share
:
•_•—
——
Sheet,
Dec.
31,
1942
accounts
beyond
and
one
notes
year,
less
Receivable,
reserve
$64,683;
of
$36,000),
merchandise
$536,098
held
for
other
resale,
$732,259; prepaid insurance, taxes
and other expenses, $62,700;
other assets, $42,428; deferred charges,
$4,010,134; total, $104,764,752.
materials
and
supplies,
cumulative
first
preferred stock
(par $100),
$5,872,-
stock (par $100), $3,995,700; 5%
cumulative-first preferred stock (par $100), $375,000; common stock
(par $100),. $22,990,000; funded debt, $50,100,000; accounts pavable,
trade, $841,819; accounts payable, other, $65,839; wages and salaries
pavable, $158,040; current accounts with mutual service companies,
$6,162; current account with affiliated company, $613; accrued interest
on
funded debt, $159,236;
accrued interest on other debt, $129,372;
consumers'
deposits,
$523,235;
accrued taxes
(other than Federal
income taxes),
$1,567,976; other accrued charges, $7,450; dividends
6%
cumulative
first preferred
payable on preferred stocks, $77,279;
$2,174,592; other liabilities, $155,856;
plus, $3,576,136; total,
provision for Federal income tax,
reserves, $11,937,747; earned sur¬
- - - •
V
$104,764,752.—V. 157, p. 1749.
bond
of
would
reduce
sinking
the
funds
and
hazard
by
to
of
installment
Inter¬
cash
retire
the
from
the
present
contracts
the
thenheavy
and
the
•
of present bonds on March 1, 1949, while nevertheless
anticipation without penalty.
It would facilitate provision
for
post-war requirements,
such as replacement of equipment and
performance of maintenance now necessarily deferred, and additional
facilities if needed."
maturity
permitting
/
assets, $93,908,604; cash in banks and on hand,
$3,1.89,718; U. S. Government securities, $274,000; consumers' accounts
receivable (including unbilled revenue, less reserve of $85,263), $1,772,128; merchandise accounts receivable (including installment contracts
Assets—Capital
extending
final
President, states:
proceeds, supplemented
bank loan, would be used
the
treasury
maturities
Net
Preferred
Liabilities—7%
.
.
ferred Stocks—
1,465,
$291,415
_______
construction,
700;
Philip
155,104
,
(normal
—V.
$172,003;
income
2050.
7,912,541
—
Consolidated Balance
722,596
157, p.
$1,477,760
—
$2 480 672
18,421
$338,140
taxes
-r-V.
of period
surplus at end of period
for
——
Fed.
$619,719
232,355
charges
Total fixed charges—_
Charges
3,290,631
$627,225
fixed
Net
4,334,091
0468,712 0^2,564,041 Cr2,138,320
$602,249
24,976
f,rm. inc.
available
148,545
'
tax
excess
"If
Total income
Miscel. deduc.
962,451
Ur480,321
________
Net ry. oper.
Other income
$1,802,966
_____
Production, distribution and transport, expenses
of
Net rev,,frm. ry oper.
12,024
than
350,000;
Maintenance
Maint.
&
"—— -
surplus debits
Selling,
Maint.
Traffic
57,273
11,909
899,635
*
'
•
surtax)
and
369,500
■
Calendar Years—
1943—Month—1942
1943—5 Mos.—1942
$3,133,442
$3,006,065 $14,866,442 $13,190,838
revenues—__
-
*
—
-
Earned
Gross
Period End. May 31—
52,807
it
is
29.
to
surplus
' ?
••>.
reserves,
by John Ballantyne, President.
This
Philco Corp. plarits.—V. 157, p. 2455.
June
award
of
878,340
4,731
$1,847,260
657,350
:
>'*■
earned
to
income
Net
terest,
Philco Corp.—Receives New Award—
For
77,145
3,925
;
Deductions
$217,360; cash, $5,238,801; special deposits, $13,811; accounts
and notes receivable, $995,279; reserve for uncollectible accounts and
$64,995;
wages,
$461,703;
unadjusted credits,
earned surplus, $438,861; total,
315;
income tax
v•'•v.-x"!,
•
Assets—Electric
capital
$225,000;
funded
75,522
taxes__
taxes—
State—
2,498,769
deposit,
$300,000;
785,757
income
Gross
148,758; investments and long-term receivables, $2,183,535; sinking fund
other current assets,
accounts
par),
no
$377,092;
$4,346,029
2,521,510
:
Balance Sheet, March 31, 1943
$7,453,596.
preferred" (par
stock,
common
equipment
000;
total,
$4,981,826
earnings
deductions
1942
$6,754,233;
cash, $289,689; U. S. Treasury
securities, $159,987; accounts receivable, $9,014; material and supplies,
Assets—Investments,
$33,438; interest and dividends receivable, $6,401;
796,865'
other
taxes,
Gross
28,000
$104,030
$13.77
.
operations
from
(net)
income
Earned
$115,834
61,200
year
67,319
215,335
:
2_._——
Total
Surplus
405,920
67,995
and
Net income
$165,230
_________
stock_____—
common
473,989
Depreciation
1942
727,400
earnings
Other
Income
$414,687
220,360
12,995
65,499
,
34,306
Net operating income
Non-operating income__
23.—
$11,889,913 $10,663,190
3,825,953
3,397,012
ii
taxes
Total
$349,822
:
income
Interest and
Debt
$720,590
—
income
Net
9,564.
.
80,761
Net earnings
Other
20,000
5,551
,
__
43,618
taxes__
Maintenance —-L
1943
operating revenues
Provision
116,350
144,729
.
,
—
169,487
_____
mUnio.
Operating
Operation
-137,906
20,000
—
,
Qther charges
192,856
______
Security
Federal
'
Intangibles
Depreciation. _*__
2,592,927
14,972
deprec.__
for
&
Social
recently declared on the 1st
was
to
30
June
Maintenance
273,185
160,261,
_
$8,017,980
2,954,890
21,282
1943—12 Mos.—1942
Dividend—
Portland General Electric Co.—Earnings—
Gross
1941
$1,850,860
1,230,895
$8,467,714
> 186,813
$681,426
___
Pfd.
50
stock,
145, p. 618.
preferred
(& Subs.)
1942
$2,662,507
.
__
$2,887,533
165,760
Provision
95,278
2050.
p.
12 Mos. Ended March 31—
expenses
$2,876,960
12,339
42,974
.
1943—Month—1942
$647,826
revenues
Purchased power
Maintenance
466,952
185,959
railway
railway-.
oper. income-
(Thomas G.) Plant Corp.—Pays Preferred
Report—
revenue
$1,010,928
Operation
—V.
share on
record
V.
Calendar Years—
Operating
49,042
$1,183,341
income
Operating
Gross
20,469
157, p. 2256.
Operating
61,177
from
ry.
Payments
Philadelphia Suburban Transportation Co.
22,913
$136,783
44,559
*
$129,947
railway
oper.
Net
V. 157, P. 2256.
—Annual
-
39,209
-Miscell. interest & other
income
from
made on April 26, last, compared
in 1942 were as follows:
was
1943.
25,
25,749
9,003
From January
April 25, July 25 and Oct. 26, 10 cents each.—
20 cents; and
50,857
9,316
income—
1940
$95,136
38,590
from
—V. 157,
per
1941
$129,968
.•1943
Net
has been elected Vice President in
dividend
1942
oper.
Net
a
>
619,147
'
■
7,339
period End. May 31—
$122,688
23,707
railway
railway
from
value, payable July 26 to holders of
par
no
similar distribution
A
cents
Jan. 26,
declared
have
stock,
common
377,616
from
from
Gross
Philadelphia Co.—To Pay 10-Cent Dividend—
The
458,224
601,593
Pittsburg & Shawmut RR.—Earnings-
charge of sales.—V. 157, p. 2255.
the
578 447
-
1,692,038
715,289
625,283
$121,594
25,969
railway—
oper.
Net
Manager,
2,024,010
778.941
May—
New Vice-President Elected—
John
48,835
2,359,317
income
—V. 157, p. 2155. '
1942 the following dividends
15, 50 cents each, and Dec. 18,
and Oct.
129,613
From January 1—
*20,397
In
last.
20,
Aug. 6
157, p. 2255.
cents.—V.
75
April
on
65,969
1943
Net
Net
15,
$326,904
167,850
782,399
railway—_
from
Net
Pepsi-Cola Co.—Distribution of. 50 Cents—
A dividend of 50 cents per share has been declared on the common
stock, payable July 20 to holders of record July 10.
A similar pay¬
ment
-$450,041
3,353,119
1,305,868
income—
May—
Net ry.
were
,
157, p. 2155.
Gross
2155.
p.
1940
Pittsburg Shawmut & Northern RR.- -Earnings-
1,956,465
*398,899
2,289,115
*227,330
*931,458
2,954,828
63,316
income
•Deficit.—V.
•
,a
railway
oper.
ry.
1941
$555,151
34,499
railway
from
Gross
1942
$721,296
134,824
1—
Prom Jan.
1,136,455
528,400
deductions
railway
oper.
2,253,460
1,372,305
990,708.
and
Amort, of debt
1941
...
2,048,612
;■
Public Service Co. of New Hampshire—Earnings-
1943
$938,131
236,668
railway
railway
oper.
ry.
—V.
-_
'
from
Gross
from
Net
119,312
_
railway
from
Gross
$537,092
164,611
191,289
railway
Net ry.
2461.
p.
1943
$735,523
317,933
■
•
railway—-
from
from
Net
stock,
holders of record June 18. Distributions of 22
on June 26 arid Dec. 26,
last year.—V. 155,
cents
32
Gross
Inc.—32-Cent Div.—
Pari American Investment Fund,
1942
2,559,371
607,705
ana
Excess
Gross
Pittsburgh & West Virginia Ry.—Earnings—
2155.
157, p.
2,708,535
964,040
(normal
Inter, on long-term
Net
1,149,652
1,097,298
'
-
-
taxes
Normal
dividend of $1 per share on account
cumulative preferred stock, no par,
a
$3.50
the
on
498,191
9,503,219
1,286,456
453,146-:
miscell..
10,745,843
Charges in lieu of Fed.
inc. & exc. prof, taxes—
Dividend—
.
>
Rai.way
%
1943—12 Mos.—1942
3,979,466
1,1-54,258
deprec.__
&
taxes
inc.
surtax)
Pittsburgh Brewing Co.—Accumulated
4,640,898
________—
for
local
Fed.
1943—5 Mos.—1942
$11,623,178 $10,475,236 $26,809,069 $24,606,443
i
Maintenance
State,
"
v
revenues
Operation
2155.
157, p.
End. May 31—
Period
has called for
company
of
$
$
$
70,491,087 388,621,211 308,755,396
7,381,896
41,633,161 32,629,983
12,641,234
67,332,417 62,829,700
boj,2ab
4,oou.807
4,u27,yol
23,232,109 146,181,783 112,620,746
839,347
5,999,958
3,903,551
967,560
6,740,359
5,008,589
$
•
revenues_;___
Maint.
redemption as of Aug. 3, 1943 a total
$7,500,000 convertible 1%% debentures due Jan. 1, 1951 at 102 and
int.
Payment will be made at the Manufacturers Trust Co., trustee,
43 Beaver St/, New York, N. Y.
Holders of any of the called debentures have the option, at any
time until the close of business on July 31, 1943, to convert their said
debentures into common stock
at the rate of one share of common
stock for each $45.50 principal amount of debentures so converted.—
The
and B. & E. R. R.
1943—Month—1942
Operating
Public Service Co. of Indiana, Inc.—Earnings—
Phillips Petroleum Co.—Debentures Called—
Earnings of Regional System—
(Excluding L. I. R. R.
Monday, July 5, 1943
,
Dividend
Resumes
Payments
On Preferred
Stock—»
decided that payment of dividends on the preferred
annual rate of $6 should now be resumed, and dividends
"Directors have
stock
at
have
been
the
declared
follows:
as
holders
of
record
June
holders
of
record
Sept,' 30.
30,
$1.50
1943;
per
$1.50
.
.
share
per
President Lundberg also announces:
"If
rate,
conditions
accumulated
the
remain
at
$28.50
contemplate
the
permit
board
per
the
continuance
unpaid
share.
share
payable
payable
July
Oct,
25
to
25
to
5
of
,
dividends
accruals on the
still does not
It
at
preferred
appear
this
annual
stock
practicable
will
to
of these accruals in the immediate future, but
problem constantly in mind."—V. 157, p. 2456.
payment
has
this
Rand's, Pittsburgh—Smaller Common Dividend—
directors have
The
declared
a
dividend of 2%
cents per share
on
the
no
par value,
payable July 15 to holders of record
Quarterly distributions of five pents each were made'on
Mar^h 15, lest and on March 16, June 16, Sept. 15 and Dec
15
1942 —
stock,
common
July
1.
V., 157,
p.
2257.
?
'
v
'
•
;>
Volume
Reading Co.-
Net
ry.
From
Gross
Net
ry.
30,429,941
24,896,935
48,675,534
from
—V.
39,834,427
3,033,755
1,608,068
Jan.
Net
1,618,902
3,270,422
income—
from
—
16,858,324
14,002,109
10,150,893
8,767,223
7,388,921
6,510,324
4,832,731
2456.
p.
A commission of 50 cents
Calendar
Operating
General
1,
.
trying post-war period.—V. 157,
Lake
&
2353.
p.
•
directors have declared
The
stock,
dividend of
a
25
cents
share
per
the
on
holders of record July 6.
last, which was the first
payment on this issue since Sept. 18, 1941.
The previous dividend—
also 25 cents per share—was paid on Sept. 29, 1937.—V. 157, p. 2353.
similar
$1,
par
distribution
payable
July
made
was
16
to
Dec.
on
15,
(C. A.) Reed Co.—50-Cent Accrued Dividend—
The
have
directors
declared
dividend
a
of
cents
50
share
per
on
of accumulations on the $2 cumulative preferred A stock, no
value, payable Aug. 1 to holders of record July 21. Like amounts
paid on Feb. 1 and May 1, last.
Arrearages as at May 1, 1943
amounted to $1.50 per share—V. 157, p. 1366.
account
par
were
%
Reinsurance Corp. of New York—7 lk-Cent
directors
The
the
7"/2
This
1.
declared
stock,
common
July
have
cents on July
payable
$2,
par
with
compares
17J/2
1942.—V.
10,
dividend
a
of
Vk
July 10
paid
share
per
holders
to
cents
Dec.
on
May—
Real
1942
Excise
$656,474 '•
expenses-
of
and
RR.—Earnings
1941
1940
$2,312,488
$1,125,376
7,439
1,346,588
433,755
There
;
28,970
25,451
$110,000
64,094
65,367
and
15,315
trustee,
16,547
taxes
338,616
"4,555
215,952
1,940
Net
income
.excess
taxes———'——
profits
—
.
taxes
•
9,000
.
1
earnings
Other
1
income
Total
$200,693
;
;
income
long term
on
income
■
21
-
$206,918
85,425
89,442
1,224
debt——
charged to construction—Cr
Miscellaneous interest, etc
Net
■
$200,753
____
—r.
Interest
$206,897
'
60
Interest
42
—
——
143
372
—
$116,404
accounts
from
railway
Net
ry.
13,380,404
9,231,206
Sheet,
Dec.
31,
J942
.
During
ferred
liabilities,
$17,495; reserves, $693,608; contributions in aid of
construction, $48,155;
donated
surplus,
$1,143,333; earned surplus,
$1,141,673; total, $5,219,545.—V. 157, p. 1852.
The
directors
the
on
the
on
of
last.
on
1852.
stock,
7%
30
declared
and
the
cumulative
dividend
a
usual
of
quarterly
preferred
stock,
50
cents
dividend
both
share
per
of
$1.75
payable July
per
15
to
record
ferred
stock
and
$1,200,000.
first
of
the
for
securities
i,oU3,167
l,iio,9U9
o99,3^3
The
P.
loans
aggregating
now
of
a
Jacob
Manufacturers
Ruppert,
Trust
Co.,
George
E.
Ruppert,
Ruppert Schalk and
J.
Offering price to the public will be supplied by
principal underwriter.
Boston Corp. of New York is
the
sum
be
named
Net
from
Net ry.
of
rate
4>/2%
share.
per
from
(cumulative
This
sale
April
1,
consummated
was
1942),
Jan.
on
at
12,
price
a
1942,
of
Gross
Net
of the proceeds, together with sufficient other funds of the cor¬
poration, were deposited in trust for the redemption of the corpora¬
6>/2%
first
cumulative
preferred
stock,
which
bad
been
called
Income Account for Calendar Years
1942
Total
operating
Current
Commercial
Operating
railway
1942
$368,524
Social
431,611
from
from
amendment.
miscellaneous
expenses
revenues
income
1941
taxes
$351,707
$333,603
available
Bond
57,394
interest
Amortization
Net
railwayincome—
1,682,840
1,473,339
2 80,753
110,213
23,871
195,552
20,380
"90,191
173,603
82,802
•
1,398,028
2456.
157, p.
discount
—
income
preferred
First
cumulative
pfd.
cumulative
stock
6y2%
4'/2%
5%
'
and
other
Cash
and
special
Notes
and
Assets
divs
'
divs.
A
investments
Sheet,
accounts
Deferred
receivable
and
share
April 15, last,
on
Dec.
been
and
21,
made—also
was
dividend
of
75
of
declared
on
1942
Jan.
First
cumulative
Common
stock
ry.
Premium
Notes
on
capital
debt,
payable
cents
Net
5,000
ry.
Accounts
per
share
645,254
$2,282,600
4,814,000
613,731
Advance
Miscellaneous
Depreciation
reserves
Contributions
Surplus
and
reserve
of
deferred
credits
—.
Unappropriated
95,228
7,212,946
6,907,307
157,
which
was
recently declared
directors
the
have
declared
an
regular semi-annual
extra
of
; 6,354
6,992
$267,940
$126,738
33,708
34,875
102,542
104,708
52,500
52,500
157,500
157,500
69,137
208,865
profit
$1,131
"$127,076
Balance Sheet, April 80,
Assets—Cash
on
(less
hand,
$40,000;
for
reserve
207,411
"$200,967.
"$342,882
cash
doubtful
in
1943
banks,
$139,714;
accounts
of $17,368),
$143,254;
receivable, $864; inventories of food and beverages,
$74,005;
investments, $10,001; other inventories, $49,191; prepaid and deferred
charges,
$103,176;
interest
reserve
fund,
$9,406;
land,
$5,617,500;
building, furniture and equipment (less reserve for
depreciation of
$1,797,566), $7,167,965; additions to and replacements of fixed assets
(less reserve for depreciation of
$1,453), $35,185; total, $13,390,260.
accounts
notes
payable,
$93,453;
accrued
expenses,
$48,167;
in accounts
receivable, $18,830; cumulative interest at
bonds, $1,382,500; security deposits and business rentals
received in advance, $6,958; reserve for
replacements of linen, china,
glass and silver, $8,344; funded debt,
$9,650,000; class A common stock
3%
balance
income
on
($1 par), $82,050; class B common stock ($1
par), $27,350; capital sur¬
plus, $4,769,901; earned surplus (deficit)
$2,697,293; total, $13,390,260.
157, p. 172.
Schaffer Stores Co., Inc.—Accumulated Dividend—
The
directors
of
have
July
6
5
at
as
and
April
dividend
a
the
on
of
record
April 3,
15,
of
$1.75
share
per
cumulative preferred stock,
7%
holders
to
Jan.
on
Arrearages
157,
declared
accumulations
June
last, and
1943,
Like
25.
on
amounted
on
par
amounts
July 3 and Oct. 3,
$82.25 per share'.1
to
1366.
p.
Schick, Inc.—New Secy.-Treasurer—
The
p.
June
on
29
by
Powell
Kenneth
C.
The
184,188
125,566
1940
863,320
461,058
317,232
122,785
73,587
7,499,885
3,630,343
1,526,118
1,086,422
3,564,770
1,384,637
as
Secretary-Treasurer
Gifford,
President.—V.
2139.
Scruggs-Vandervoort-Barney,
-Earnings1941
appointment of William H.
announced
of
dividend
extra
of
25
cents
amount, recently declared on
15
to holders of record June
July
reported
Dec.
in
27,
these
last,
columns).
and
25
cents
This
on
Inc.—Div.
share and
per
like
the
18
common
(not
15,
Dates—
regular
stock,
June
with
compares
July
the
1942.—V.
was
156,
50
dividend
payable
are
12,
as
recently
paid on
2457.
cents
157,
p.
4,558,948
income—
1.467,022
1,767,184
of
nine
eight
cents
Scudder, Stevens & Clark Fund, Inc.—Balance Sheet—
Condensed
973,903
Assets—
Balance
"<■
,
Sheet, May
.
,
,
bank—
Ry.—Earnings of System-
1943—Month—1942
Income
accrued
79,820
Total
for
taxes—.
2,349,782
1,939,978
Reserve
for
other
Capital
and
expenses
ry.
income
$1,460,295
$1,740,504
$9,532,081
17,320
oper.
16,355
86,422
$6,721,101
81,024
$1,477,615
$1,756,860
$9,618,503
$6,802,125
4,123
16,357
24,717
45,218
$1,740,502
$9,593,786
$6,756,807
income
income
from
income
avail,
for
1,
Liabilities—
Accounts
payable
Total
$49
$1,473,492
$323,742 in
May
31, 1943, for
$400,000 in period last year.
May,
1943 and
estimated
.
'.
income
\
:
$3,225,813 in period
taxes
compared
with
surplus
__
—
May—
Net
ry.
Gross
cents
per
per
share
Seaboard Air Line
1942
1941
$7,874,966
$6,476,091
2,076,067
2,055,821
$4,845,139
1,264,488
1,361,259
1,673,512
853,562
29,180,577
22,261,924
railway
oper.
income—_
from
railway
Net from railway
Net rv. oper. income
—V.
i.57,
p.
2156.
1940
$3,469,985
,
426,555
railway
from railway
ry. oper. income-
8,248,397
5,490,065
17,627,544
1,923,814
8,930,378
•,
from
1942
1941
1940
$12,032,973
$9,142,452
$5,162,265
$3,812,117
5,442,991
3,891,283
1,239,160
510,396
3,450,469
3,074,929
707,056
73,165
60,301,563
39,175,104
13,643,820
26,272,139
28,110,356
6,893,154
21,519,507
4,634,422
18,518,067
railway
6,443,429
3,978,422
376,367
,
...
Net
from
Net
ry.
-V.
railway
income
oper.
157,
p.
10,038,229
4,164,208
2,169,279
2457.
^
Seaboard
13,954,944
.
1943
from
86,539
41,319,785
railway
Ry.—Earnings—
May—
Gross
From Jan. 1—
1943
from
"11,680,048
$16,449,197 $11,708,086
——
"Represented by 181,898 shares in 1943 and 162,256 shares in 1942 of
Net asset value of one share, 1943, $90.30;
1942,
157, p. 2257.
'
Gross
from
13,208
outstanding stock.
Net
Net
14,763
—
$71.98.—V,
Net
'
Earnings of Company Only—
:
$66
6,466
16,933
16,425,748
—
expenses
fixed
deductions of
to
1942
$419,648
11,212,59?
75,842
$16,449,197 $11,708,086'
—
398,824
1,542,420
1943
1943—5 Mos.—1942
$6,766,973 $43,552,186 $30,519,305
726,047
4,833,733
3,378,696
1,199,401
7,552,195
5,650,080
469,806
way
29
$191,187
16,178,190
—_—__—
Investments
$8,272,971
revs.
in
Reserve
"After
1,831,634
dividend
1,535
bonds
10,833,798
Jan.
150,000
$27,550,463 $26,996,748
dividend
$119,746
♦Loss.
on
316,527
charges
160,659
(H. W.) Rickel & Co.—Extra Distribution—
and
37,952
$261,586
$27,900
$29,436
mortgage
disbursed
arrearages.—V.
From Jan. 1—
The
250,737
34,708
70,591
1st
income
13,727,630
"Bal.
88,372
"Including Rochester Telephone Realty Corp.—V. 157, p. 2257.
share
on
on
were
of
2156.
p.
Deductions
446,704
175,269
—
241,650
11,370 ;
$157,930
—
2,281.923
Total
1,839,717
—
1,374,520
83,620
2,119
income
Inter,
1943—9 Mos.—1942
$1,782,954
$155,811
2,835,843
Gross
Total
common
1,515,312
income
payable
1,352,870
225,000
surplus
income
1,173,995
Net
152,546
telephone plant
the
80,460
& struct.
98,517
reserved
on
429,715
100,000
163,487
.
operating
$100,
5,330,876
2,519,290
oper.
of
Other
419,429
billing for telephone service
declared
$2,053,255
9,634
of
$553,688
income—
operating
Other
8,192,107
463,356
due
Co.—20-Cent Dividend—
478,736
of equipment
Transportation expenses
$2,282,600
4,814,000
87,104
not
"129,577
$552,6C6
taxes
15
$593,972
period End. May 31—
Total
22,826
——
liabilities
27,199
•
$724,640
taxes
Total
$50,
$1,010,483
St. Louis-San Francisco
662,025
$27,550,463 $26,996,748
declared
Accrued
*111,865
1943—3 Mos.—1942
revenue
estate
Other
Cash
448,076
8,102,325
1,352,870
payable
Dividends
526,195
46,269
"168,577
<
July
railwayrailway
157,
Maint.
——
554,463
39,269
31,259
and
general
admin,
expenses—
Real
were
$1,482,473
railway
railway
from
—V.
100,000
stock—
671,317
251,721
Savoy-Plaza, Inc.—Earnings-
additional distribution
an
15,
1942
Maint.
etc
1,010,648
.
$10,
par
2257.
p.
of
15
from
Net
78,006
preferred stock (par $100)—
pfd. (partic.) stk. (par $100)
Long-term
account
on
the 6%
cumulative preferred stock, par
to holders of record June 30 (not July 18 to
record June 23).—See V.
157, p. 2456.
oper.
Gross
236,500
(par t $100)
"32,409
income—
account
account
on
15, April
Liabilities—
Second cumu. 5%
on
1943
from
Net
251,204
—
"20,647
$98,852
payable July 15 to holders of record June 30.
A like
amount was paid on
April 15, last, compared with 22'/2 cents per share
each quarter from Oct.
15, 1941 to and including Jan. 15, 1943.—V. 157,
accumulations
from
Net
1941
778,915
—
"32,321
dividend of 20 cents per share has been
stock,
1942.
payable July
i78,006
J—
has
From Jan. 1—
397,032
charges
Total
15
15, 1942, while
per
is
Gross
31
826,603
supplies
special funds
A
—V.
$25,218,705 $24,926,887
deposits—
"3,566
"5,637
income
oper.
1940
10,622
—
1942
•
share
St. Louis, Brownsville & Mexico Ry.
240,700
5,000
Dec.
-
per
May—
148,369
77,037
and
in
37,092
——
,
for
cents
account
$757,280
240,700
divs
Balance
■
Plant
Materials
stk.
dividends
♦Consolidated
Assets—
stk.
stock—ser.
25
of
$100,
4,401
$783,221
preferred
Light, Heat & Power Co.—Bonds
1941
$123,402
7,305
St. Lawrence Paper Mills Co., Ltd.—Dividend—
2,221
—
—
cumulative
Common
;
—
1942
$145,205
36,825
♦Deficit.—V. 157, p. 2156.
—V.
106,296
4,400
debt
1943—24 Wks.—1942
$200,689
railway
railway
from
ry.
214,074
2,314
_
funded
on
charges
Oct.
$1,084,275
210,592
103,829
...
called
1188.
p.
1,514
$1,104,357
Indictments
Liabilities—Accounts
Jan.
on
holders of
charges—
Net
"134,490
1,817,216
_
have been
cents
547,293
charges
of
First
Second
and
$1,082,761
4,908
year
"103 308
39,291
88,658
567,444
—
fixed
interest
Other
for
-
a
oper.
Net
$298,850
61,111
Lawrence Corp., Ltd.—Accumulated Dividend—
The
-
of
-
1943—4 Wks.—1942
from
Net
42,202
on
the
4% cumul. class A preferred stock,;,
par
payable July 15 to holders of record June 30.
Similar payments
259,841
*
$1,109,266
—_—
—
operating income™
Non-operating income, net
Other fixed
98,246
—
ry.
1940
accumulations
$1,978,555
292,122
taxes—
Net
,C
$2,067,079
—■
taxes
total
a
$46,260,964 $45,892,586 $265,688,0.91 $275,104,412
the company had In operation
2,483 stores,
earlier.—V, 157, p. 2156.
railway
railway
receivable
railway
dividend
made
581,640
Law
From Jan. 1—
Gross
credit
50
Security
Income
648,737
1943
1,
1943
1943
Net
First
Other underwriters
redemption as of Aug. 1, 1943 a total
of $115,000 of first mortgage
bonds, 4V2% series due Dec. 1, 1947,
at 100 and interest.
Payment will be made at the Guaranty Trust
Co.,
corporate trustee, 140 Broadway, New York, N. Y.—V. 157,
p. 46.
A
76,145
19,
from
from
Net
5,738
oper.
There
St.
1,196,469
414,155
74,200
_
of Aug.
Slightly Higher—
May—
Gross
Other
24,429
railway
income
oper.
St. Joseph Railway,
632,307
expenses
rents
operating
Federal
Other
651,145
1,302,844
—_—±
as
Antonio, Uvalde & Gulf RR.—Earnings—
Net
E.
Called—
$5,881,886
1,002,614
-
expenses
General and
Net
1,048,448
—
Depreciation expense
Traffic
1941
$6,224,067
revenues
maintenance
redemption
RR.—Earnings—
"Deficit—V.
redemption on April 1, 1942, at a premium of $10 per share. This
premium was charged to unappropriated surplus. At the end of 1942
only 116 shares of 6V2% stock remained outstanding.
San
A.
C.
all
tion's
against 2,719
Amanda
From Jan. l-r~ :
and
for
June'
of
Inter,
1943
from
dend
$101
As
Anna
by amendment.
May—
Gross
Net ry.
corporation's
the
for
Depreciation
Rutland
of
S. Commission refused to approve such an issue
preferred stock except for the purpose of refund¬
cumulative
will
outstanding 6y2%
first cumulative
preferred
stock. Accordingly, in December, 1941, the corporation agreed to issue
and sell to 15 institutional investors 22,826 shares of new first cumu¬
lative preferred stock, series A (par $100), bearing an annual divi¬
ing
Current Sales
&
corporation, has filed a registration statement
sinking fund debentures, due July 1, 1950.
The
outstanding and will be sold by six holders as
5%
are
Estate
Silleck,
bank
of
called
1st
mortgage sinking fund 4J/2% bonds due 1979 at 103
Payment will be made at the New York Trust
Co.,
100 Broadway, New York, N. Y.—V.
157, p. 1188.
Operating
Operating
Ruppert—Files $2,744,000 Debentures—
$2,744,000,
follows:
4V2%,
payment
of
Period End Apr. 30—
(Jacob)
1,136,888
issued
and
sell 35,000
(par $100), bearing an
and to apply the proceeds to the re¬
demption of the corporation's $2,282,600 of 6V2% first cumulative pre¬
of
rate
have been
Demurrers
Common Div.—
July 6.
Like amounts were disbursed on April 15,
quarterly dividend of $1 per share was paid on the common
Jan. 15, this year, and i neach quarter
during 1942.—V. 157,
A
stock
June
on
common
4,276,944
planned to
preferred stock
cumulative
new
a
dividend
♦155,891
San Diego Gas & Electric
inc.—50-Cent
Royal Typewriter Co.,
2,207,923
the & corporation
1941
of
annual
8,696
"8,946
—
Dunn.
shares
164,300
131,308
filed by the
company to the indictments returned by
a
grand
jury January 20 were upheld by the court In
ruling the
charges were indefinite and insufficient.
The grand jury action fol¬
lowed an investigation by the
department.
;
.
5,689,274
Rochester Telephone Corp.—Annual Report—
v
310,525
433,224
Period End. June 19—
Sales
Liabilities—Common
stock
(2,000
shares, no par), $50,000; first
mortgage 5% gold bonds, $1,695,000; due to New York Water Service
Corp., loan account, $277,000; accounts payable,
$17,728; customers'
deposits and accrued interest thereon, $5,720; accrued
general taxes,
$34,011; accrued Federal income taxes, $63,056; accrued interest on
long term debt, $28,250; miscellaneous accrued liabilities,
$4,516; de¬
9,902,893
income—
l,742,t>eO
♦Deficit.—V, 157, p. 2257.
896,858
income—
receivable
5,256,905
oper,
"14,029
516,753
charging the Safeway Stores, Inc., and the
Kroger
Grocery and Baking Co. with violations of the anti-trust laws
were
dismissed June 29 by Federal
Judge Richard J. Hopkins at Kansas
City, Mo.
(less reserve of $3,802), $67,671;
materials and
supplier, $37,216; accrued utility revenue, $22,325; prepaid
taxes, insur¬
ance, etc., $7,533; deferred
charges, $524; total, $5,219,545.
The Jacob Ruppert,
from railway——
"5,047
634,514
.
Safeway Stores, Inc.—Anti-Trust
Dismissed by Court—
$117,146
———
Assets—Utility plant, $4,969,819; miscellaneous investments and spe¬
cial deposits,
$640; cash, $102,794; U. S. Treasury tax notes, $11,024;
From January 1—
Gross
47,323
985,557
Indictments
9,750
Net
.71,289
1,766,841
interest.
3,861
34,000
141,515
Net ry. oper. income—..
18,693
Safe Harbor Water Power
Corp.—Bonds Called—
720
31,557
-
v.
$114,325
35,736
railway—_
railway
oper.
»
——_
1940
$142 887
84,561
"Deficit.—-V. 157, p. 2156,
720
:
•
.
taxes
ry.
1941
$229,364
144,558
income—
oper.
1942
$322,608
from
Net
2,724
$781,445
1,976,285
railway
railway——
from
221,874
4,326
p.
$3,267,770
—
ry,
.V.''- 29,482
;
;
security
$611,266
43,600
record
last,
28,
Net
Net
5,799
8,182
:.
taxes
Social
1941
263,392
-
property
share
1942
1943
«
Corp.—
1943
from
from
Gross
';-v-
:
—
on
156, p. 2310.
Fredericksburg & Potomac
(Gross from railway
Net from railway
Service
revenues
Depreciation
holders
Richmond
Water
From Jan. 1—
Years—
Maintenance
Dividend—
cents
St. Louis-San Francisco & Texas
Ry.—Earnings
15,
,
Reynolds Spring Co.—25-Cent Common Dividend—
common
of
July
Net
Ontario
Balance
A
holders
on
May—
General exps. transferred to construction—Cr__
Provision for uncollectible accounts-:
this
1941,
payable July 15 to
share were paid
per
operation
Federal
allowed.
was
corporation's steel plants have operatic! at
the average monthly rate of 100% of capacity, according to a letter
sent out on July 1
to Kepublic suOCKhoiaers by T. M. Girdier, Chair¬
man, and R. J, Wysor, President.
In addition, each month's produc¬
tion during that period has exceeded the production of the correspond¬
ing month in the previous year.
In discussing post-war planning, the Republic executives pointed out
need
for
revision
in
tax
and
renegotiation legislation,
which will
enable business to accumulate sufficient surplus to see it through the
Jan.
both
cents
Earnings-
Federal
Since
four
Capital stocki taxes ,1—..2,034
share
a
Production at Record—
$2,
par
of
Regulatory commission
Republic Steel Corp.—Special Offering—A special of¬
fering of 4,500 shares of 6% series A prior preference
stock (par $100) was made on the New York Stock Ex¬
change June 29 by Merrill Lynch, Pierce, Fenner &
Beane at 81V2 per share.
The issue was oversubscribed.
,
stQck,
Extras
1.
July 15, 1941.—V. 155, p. 2462.
Rochester
7,257,182
income—
oper.
July
and
93
Gross
1,045,229
1—
railway—
railway
157,
1942
$4,935,968
1,542,217
railway-
opcr.
■/194*0
-j
$6,527,317
2,317,720
1,552,978
$8,402,588
railway——
from
Net
common
record
1941
1942
1943
$9,653,937
from
the
on
Earnings—
Ki'Sy;
May—.
Gross
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4191
158
Oil
Co.
of
Delaware—Redemption of Scrip
Certificates—
The company
after
that
date
on
at
July 1, 1943 announced that it will redeem
the
Bankers
Trust
Co.,
16
Wall
St.,
on
New
and
York,
THE COMMERCIAL & FINANCIAL CHRONICLE
N.
all
Y.,
of
certificates evidencing fractional interests in
without par value, at the price of $2.31 for
share of
such stock represented by such
scrip
its
of
one-quarter
certificates.—V.
a
157,
1750.
1853,
p.
'-
May—
Net
from
Net
ry.
Security Banknote Co. of Philadelphia—New Director
Seton Leather Co.-—50-Cent Common
dividend
A
of
payable
stock,
cents
60
with
50
cents
paid
on
1, 1941.—V. 156, p.
50 cents on Aug.
record July 20.
This compares
35 cents on Dec. 22, 1941, and
2139.
Gas Co.—Files $20,000,000
the Securities and Exchange Commission a
$20,000,000 first mortgage bonds, due July 1, 1973, for
the purpose of refunding four bond
issues that will be outstanding
following the consolidation and merger of Lexington
Water Power
Co. into South Carolina Electric and Gas.
The four issues to be refunded are $8,361,500 of Broad River Power
Co
first and refunding mortgage 5%
bonds, Series A, due Sept. 1,
1954; $1,359,000 Parr Shoals Power Co. 5% sinking fund bonds due
April 1, 1952, a divisional lien; $10,213,300 of Lexington Water Power
Co. first mortgage 5%
bonds, series due Jan. 1, 1968, and $186,700 of
51/2%
convertible sinking fund debentures of Lexington, due Jan. 1,
and
hOndS.
'■
set.
sum
Th»
1
■
for
down
matter
the
hearing
a
12.—V.
July
on
157,
2354.
Lexington, Ky.—
Southeastern Investment Trust, Inc.,
Dividend—
Pays 40-Cent Preferred
^
July 1 paid
The corporation' on
accumulations
of
account
on
on
a
the
dividend of 40 cents per share
$5 cumulative first preferred
stock, no par value, to holders of record June 25.
A similar
was made on April 1, last,
as compared with 75 cents on Jan.
1942
in
Disbursements
were
Jan.
follows:
as
2,
payment
2, 1943.
and April 1,
$1.50;
1, 1943
cents each. Arrearages as at April
$21.87Me per share.—V. 157, p. 1366.
1 and Oct. 1, 40
said to amount to
July
were
State
and
Social-
■
i?"
Net
•
Gross
•
accumulations
of
declared
directors have
8%
the
on
cumulative
per
7%
1942
$646,826
226,400
214,000
—V.
157,
at
an
Operating
railway-— $40,513,904 $27,447,372 $18,486,126 $14,010,038
17,394,099
9,677,673
5,984,560
3,654,649
4,218,635
4,992,850
3,873,938
1,669,509
opef. income—
railway.—
from
Net ry.
•
82,572,686
26,101,445
16,031,439
183,269,073 128,273,823
73,035,536
44,789,641
Net from railway——,
27,902,610
23,260,643
Net ry. oper. income...
railway
from
Gross
65,164,169
14,471,631
4,914,724
—V. 157, p. 2457.
Southern Ry.—Earnings—
■'•-May—--.from
Net
ry.
:
1942
1941
$17,111,973 $11,363,547
11,055,725
719,910
316,905
3,583,801
3,908,032
2,642,065
1943
railway— $21,532,206
from
Gross
Net
railway
-
1940
$8,319,490
219,163
1,368,532
From Jan. 1—
railway.—.
from
Gross
'
from
Net
•
Net ry.
railway
72,438,174
27,492,243
52,639,884
19,052,636
41,858,780
11,889,508
14,400,324 .14,256,351
12,185,122
7,129,056
100,968,496
48,197,738
income-—
oper.
-Week End. June 21-
—V.
$6,328,853
earnings
157,. p. 2457.:.
——Jan. 1 to June 21——
1942
1943
1942
1943
•Gross
with
share
per
par
cents
50
$5,
per
$5,549,922 $154,811,301 $113,331,451
<
share
Dec. 15, 1941.—V.
on
Tennessee Central
Admin,
-
recently
accumulations
May—
Net
from
ry.
Prov.
on
Month
Operating
expense
Maintenance
:
Taxes, other than income taxes
Taxes, State income
operating revenues
Income
deductions
—-1
income
Net
6V2%
on
cumul. pfd.
applic. to 644,720 Vi shares of com. stock
157, p. 2457.
South Western RR.
64,205
$1,909,767
*
290,712
$190,664
stock-——
Bal.
—V.
$2,741,049
831,283
$222,839
32,175
—
Accrued divs.
$2,676,844
$313,359
90,520
—-—
.—
204,200
$311,762
1,597
——.—
1
income
Gross
17,372
36,000
—
Non-operating income
3,214,128
79,930
2,328
—
<-—■
Federal income and excess profits-
Taxes,
Net
378,121
835,036
/. 692,080
c-_-
for retirements--
Prov.
.-
—
—
$8,017,782
52,927
95,222
revenues
•Operating
9 Months
$960,081
381,913
Period Ended May 31,1943—
company
on
Dec.
p,
for
(Georgia)—Extra Distribution—
15, last, $2 on July 1, 1942, and $2.50 on Jan. 2, 1942.—V. 156,
Net
Spicer Mfg. Co.—To Pay 75-Cent Dividend—
7.
stock,
Jan.
April
p,
per
were
from
and
made on
July 15,
Jan.
15 and April 15,
dividends of $1 each
July
last,
while
were
paid.
May—
Net
from
from
Net ry.
railway!—
1942
>$116,157
income™
from
from
Net
ry.
railway.™
railway
Income—
^
oper.
,
dividend
of $3.50 per
cumulative
1940
58,057
19,662
9,512
24,930
43,686
10,287
484
904,845
492,608
451,404
339,768
301,862
164,583
79,784
53,757
151,890
105,290
35,778
11,904
—V. 157, p. 2157.
1,580,272
376,826
185,869
1,162,329
327,995
175,420
1941 ■
$132,027
56,277
30,286
857,267
405,125
239,424
744,928
313,646
' 242,102
537,362
184,449
119,822
-
income—
1943
May—
Gross
Net
Net
from
railway
railway
from
oper.
ry.
...
income;-
$2,101,471
1,055,725
1942
$1,507,206
719,910
from
Net
ry.
Net
from
from
Net ry.
—V.
railway™—
oper.
157, p.
income..,..
2157.
1
219,163
605,780
439,807
6,849,046
3,047,931
4,470,887
3,450,646
1,437,348
917,339
3,041,341
1,940,281
743,914
318,845
143,560
■.
railway
$756,255
9,426,007
4,787,384
From Jan. 1—
Gross
/
■-
77,771
*
■
7,087,549
6,999,477
4,159,423
4,454,916
1,599,763
,
ry.
the public utility operating companies in the
Standard Gas & Electric Co. system for the week ended June 26, 1943,
totaled 193,331,000 kwh., as compared with 156,348,000 kwh. for the
of
corresponding week last year, an increase of 23.7%.—V. 157,
$2.67
$2.76
$2^9
plant,
of
$269,116,872;
profits
excess
$7,554,259;
of
interest
and
U.
S.
railway—
95,165
debt
preferred
$4.50
and
stock
series
of
debt
and
stock
common
Union
income
235,584
101,037
40,629
157,
Electric
of
No.
2
881,130
212,235
1,101,779
cash
"
doubtful
for
reserve
Co.
subsidiaries
to
shares,
$13,000,000;'
par),
no
pari,
no
stock
of
$15,000,000;
$62,500,000;
premium
subsidiary,
on
$8,234,475;
surplus
of subsidiary, $61,394;
Missouri, $90,000,000; funded
of
to.be
redeemed
in
1943,
$15,-
$307,604;
accounts
payable—cqn$2,239,128; payrolls payable, $385,153;-
be
redeemed
profits taxes accrued
in
1943, $3,664,200; Federal
(less U. S. Treasury tax
notes
$3,833,936),
by
customers
for
construction
of
>
property,
$771,148;
total, $289,795,343.—
$55,185,630; earned surplus, $12,673,706;
2055.
p,
''
^
,i'1-
"'V
;
,
-f-
Tbwehave been called for redemption as of Aug. 1, 1943 a total
$1,100,000 of 3% sinking fund debentures, due Aug.
1, 1959 at
103
and
Bank
int.
of
Calif.,
Payment
Los
Angeles,
the
at
or
& Co.,
agent for
will
be
made
trustee,
option
of
the
at
Sixth
the
and
holder
28-Nassau St., New
stock, $25
common
Security-First National
Spring Sts.. Los Angeles,
thereof
the
at
office
of
Dillon
York, N. Y.*
;
?
>
has been
appointed New York transfer
157, p. 1855.
par value.—V.
Union Pacific RR.—Earnings—
445,990
(Including leased lines)
81,511
173,136
117,508
1943—Month—1942
284,756
1,000,850
Period End. May 31—
934,G40
1,152,028
1,972,535
income
(less
shares,
amount
plant,
v;'r>•"''' 1 ^ 'i
9,616
oper.
$128,300:
par),
and
payable—trade,
excess
of
(130.000
(150.000
shares, no
$1,192,500; preferred
accounts
cost
37,074
railway
(est.K
securities, $3,823,579;
dividends, and other deposits,
(2.695,000
The Manufacturers Trust Co.
135,099
railway
investments,
security
tax
Govt,
receivable
notes
4
SI, 1942
Union Oil Co. of California—Debentures Called—
1940
265,719
oper.
from
2,295.000
$175,899
from
Gross
5,737,500
2,695.000
N. Y. Transfer Agent—
$230,971
Ry.
1943—5 Mos.—1942
39,127,244
23,981,346
24,788,903 180,667,382 109,825 425
17^561,368 111, 170,857 • 78,884497
15,145,898
revenues——
oper.
Ry. oper. expenses—___
157, p. 2158.
Net
Turner, Day & Woolworth Handle Co.—40-Cent Div.—
The
the
common
with 80 cents paid on June
27,
ters
7,227,535
69",496,525
*3,968,300 t 42,733,451
*10,308,488
Equipment
rents—(net
has
and
filed
the
as
the
Fixed
preferred
Precision
'
p. 2458.
offering
stock as of June
Equipment Corp.,
1,
1943.
As of the same date, General
York, was the holder of record of
4,628,583
3,587,098
22,134,491
2,513,631
-
11 159 907
>
-
>
.
1,198,141
.1,087,290
5,787,485
.4,427,736
5419,041
1,173,635
3,600,921
27,921,976
5,927,720
15,587 643
3,945,406
charges
1!
—
Federal
Federal
and
2,384,238
income
income
eral
income
and
eral
income
taxes
1,216,683
and
taxes
excess-profits
of
excess-profits
of
$2,500,000
taxes
$9,074,158
for
of
21,994,256
taxes
for
$34,000,000
1942.—V.
of
1942.
for
157,
p.
r-."/
"\V.
United Bond
The
directors
the
A
9,615,606 :
$8,500 000 for
tlncludes Fed1943
and
■/!';.
•:
V//;';".'*
recently
declared
$1,
par
distribution
of
dividend
a
payable
nine
cents
June
of
30
15
to
cents
per
holders
per. share ..was
share'4
of
record
on
made
March
Payments in 1942 were as follows: March 31, 10 cents' June
30, 12 cents; Sept. 30, 20 cents; and Dec. 31, 21 cents.—V. 157, p.' 1094
preferred or common stock of the corporation.
United Cigar-Whelan Stores Corp.—Declares
Dividend
The
prior
directors
account
holders
\
This
:
on
June
of .accumulations
of
is
ganization
record
the
in
-
Fed¬
2055.
Fund—Pays 15-Cent Dividend—
stock,
capital
15.
5,972|037
all
from
31,. last.
10%
preferred stock without par value.
Proceeds
from sale of this stock, with other funds of the corporation, will be
used to finance the purchase from Chase National Bank
of a 58%
interest in National Theatres Corp.
Twentieth Century already owns
a
42% interest in National—V. 157, p. 2458.
'>
of
1943
June
Corporation recently filed a statement with the Commission Covering
shares
Sources
on
New
of the corporation, holding beneficially, more than
oth.
income
*Includes
185,600 shares of common stock of the corporation, representing 10.65%
of the common stock.
There are no other holders of record, or to
100,000
745,604
3,920,900
sources..—
and
Net
the
and
other
./Total income 2
underwriters,
stock
916,510
trans¬
a
Exchange
of
charge).
frm..
portation operations
investmts.
&
purchasers of the stock, designated in the state¬
the purchase agreement, price to be 'paid
price to the public will all be supplied by !
amendment.
/■
.•;.
:
/.v.■/•>/
According to the registration statement the total holdings of Chase
National
Bank
represent approximately 73.55%
of the outstanding
for
names
inc.
30,941 228
fl6,194!223
facil.
jt.
Income from
registration statement
(2-5160)
with
the
Commission for 665,715 shares of preferred
stock, $1.50 dividend cumulative, convertible (no par), x
The shares of
stock registered and to be offered are outstanding
shares owned * by the Chase National Bank,
New -York, / Twentieth
Century thus will not receive any- proceeds from sale of any of the
shares
of
preferred stock registered which will go to the selling
Company
&
1942.—V. 92,,p. 1503.
665,715 Shares of Preferred With the SEC—
Securities
frm. ry. oper.
rev.
Taxes
June 28 paid a dividend of 40 cents per share on
stock, par $20,
to holders of record June 23.
This
company on
of the outstanding
Standard Gas & Electric Co.—Weekly Output—
output
and
refund
Payment
stock,
funded
Read
1941
650,000
6,463,750
common^
bank,
struction of Venice
of
1942
' 1,130,000
2,695.000
-
$2,131,603; other taxes accrued, $1,971,414;
interest
accrued,
$943,032; dividends declared, $454,767; customers'
aeposits
$1,596,890; other current and accrued liabilities, $364,806;
unamort.zed premium on debt, less discount and
expense, $1,810,193;
18,480,727
14,013,808
$7,763,877
1,325,000"
5,794,250
subsidiary, excluding
at
1940
$3,525,274
660,069
111,590
22,087,875
prop.
outstanding—
on
stock,
reserves,
33,971,467
to
—___
stock
stock
307,700;
40,405
$260,055
railway
the knowledge
v
*
Electric
$6,974,19G
From Jan. 1—
ment
1940
1
316,905
494,069
$8,232,436
Liabilities—$5
85,536
$452,236
from
Net
Cr62,662
494,069
chgd.
accounts
preferred
378,113
1941
$4,745,457
1,539,125
959,128
1943
May—
Cr345,054
_
—
contributions
The
C
1941
$1,053,517
Cr274,925
—
^Ci>iion«onan<1 nofces
$245,2621, $3,526,195; materials and supplies,
$2,642,030; deferred charges, $1,795,411; total, $289,795,343.
y (^
1940
$97,852
38,495*
29,899
1942
$7,486,466
3,337,801
1,702,264
•••
465,350s
15,958
post-war
hand and in
V.
1943
Gross from railway— $10,789,260
Net from railway5,599,010
Net ry
oper. income-2,531,981
From January .1—
Gross from railway—
54,242,714
Net from railway.
28,750,236
Net ry. oper, income12,184,143
—V. 157, p. 2158.
>
■■
31,175
subsidiary——494,069
f°r
,
May—
•
397,382
share
income
railway
;
4,420,525
20,015
Assets—Property
funded
-
" '
.
4,278,025
202,654
minority interest in
1942
ex-
60027
:
.
3,907,782
discount ,ancl
$6,481;
preferred
$167,851
81,361
71,520
41,970
-
,
debt—
charges
com.
$1,202,215;
?
53 045
' 2,200,000
68,719
dividends
common
1943
$102,659
6,600
*16,762
60,267
Consolidated Balance Sheet, Dec.
on
Or 12,257
39,637
58,645
-
dividends
per
$15,350,634 $12,432,765
1,410,000
income
of
13,000
land
—
constr.
of
Earns,
1,109,446
284,554
132,600
286,072
114,771
4,808,842
$13,650,837 $15,390,271 $12,420,508
plant
divs.
Shares
stockholders.
Spokane, Portland & Seattle Ry.—Earnings—
debt
during
and
Common
convertible
Texas & New Orleans RR.—Earnings^—
$70,021
From January 1—
Gross
Net
Int.
Twentieth Century-Fox Film Corp.—Company Regis¬
1941
$84,300
73,838
railway
oper.
1943
$170,371
a
7%
20,000
Dr34,794
company..—
of debt discount and
interest
Net
Spokane International RR.—Earnings—
Gross
of
2,102,829
284,500
perise (net)
Other
4,058,202
1,834,500
$13,685,631
of subsid.
funded
on
1,817,225
4,272,124
4,863,689
—————
—
oper.
2,362,438
>
1,180,000
development
Net
*Deficit,—V. 157, p. 2158.
compares
V
the
521,774
railway
Net ry. oper.
Gross
579,627
com¬
2458.
15
^
From Jan. 1—
Net
198,725"
59,334
587,899
43,046
100,300
5,407,842
.
revenues
revenues
income
Interest
Pfd.
1,829,524
railway
...
from
870,379:
183,535
4,785,000
Int. chgs. and pfd. divs. of subs.:
/
1940 /,
$218,316
53,141
26,651
railway
from
Gross
'
2,811,417
4,433,772
taxes
income 1 taxes.i.—
expense.
Other deductions
cents
25
1941
$244,904
74,806
41,923
income—*
railway
Net from railway
Net ry. oper. income—
—V.
share has been declared on the
July 15 to holders of record
payable
value,
payments
15,
j67>
cents
75
par
no
Similar
on
of
dividend
A
and
income
depreciation.—
Special amort,
Texas Mexican Ry.—Earnings—
Gross
1940
$33^268,508
$44,273,287 $39,538,150 $34,984,845
11,869,324
10,550,265
9,637,211
-
profits taxes...
excess
loss from
and
157, p. 2158.
Net
mon
1942,
1942
$368,441
100,574
49,162
railway
from
Net
,
.
15,
normal
operating
Gross
Toledo, Peoria & Western RR.—Earnings—
on
2140.
Dec.
Fed.
for Fed.
•
Net
$1,619,054
July 1 paid an extra dividend of $1.50 per share
and a regular dividend of $2.50 per share on the capital stock, par
$100, both to holders of record June 22.
This compares with $3 paid
The
.
on
1943
$366,648
106,075
63,987
May—
Southwestern Public Service Co. & Subs.)—Earnings
paid
-
Net ry. oper. income-—
—V.
Years
1941
756,922
general expenses——
Non-operating
156, p. 2141.
declared
railway—
oper.
from
Net
:
•
Report—
Calendar
180,465
51,369
other than income taxes-.!for
Prov;
From Jan. 1—
Gross
^
^
Prov,- for other
/
Ry.—Accumulated Dividend—
'
from
171,850
77,625
.
——$42,377,898 $37,886,847
:
906,632.
845,095
and
Taxes,
Prov.
Dividend
Earnings for May and Year to Date
*
Gross
for
1942
-™_
Preferred
of
Statement
Totail operating revenues—
Operating expenses
share on
preferred
stock, par $100, payable June 30 to holders of record June 23.
This
compares with $7 paid on Dec. 24, last, and $3.50 on June 30, 1942.
Arrearages as at Jan. 1, 1943, amounted to $24.50 per share.
directors
The
account
Net
income-
oper,
stock,
common
pares
Income
Transportation''
paid a dividend of 30 cents per share on
to holders of record June 19.
This com¬
June 30
on
1—
From January
i
the
company
from
Gross
Net
1940
1941
1942
77,625
.
———
Amort,
1943
171,850
6,469
;
revenues:
—
Heating
adjourned session
Tennessee, Alabama & Georgia Ry.—30-Cent
The
14,320
6,469
,
Ap¬
Products,
Electric
of a special meeting held
on June 25
voted approval of a deduction of the authorized capital of
the company by retiring and cancelling 85,000 shares of 4Va% cumula¬
tive; convertible preferred stock; par value $40 per share; none of
which is at present outstanding.
■
•
' • '
■
The preferred stock was called for redemption on June 5 last, but
prior to the redemption date all but about Va of 1% of the shares
outstanding were converted into common stock.
The stockholders also voted approval of the action of the board of
directors in allocating to capital such amount, out of the proceeds of
the recent sale of 165,000 shares of common stock, as after the' call
of the preferred stock would make the total capital $7.50
per share
of
common
stock,
and allocating the balance of such proceeds
to
paid-in surplus.
Capital of the company now consists solely of common stock, of
which there is outstanding 854,474,shares.—V. 157, p. 2458.
Southern Pacific Co.—Earnings—
May—
14,320
lien^—!—
1950.
p.
stockholders
The
$194,991
Coal———
Inc.—Stockholders
Reduction of Authorized Capital—
prove
121,100
$223,726
$0.19
$0.20
Earnings per common share-
125,200
$18,516,
preferred^-;
Electric
$420,426'
$444,379
Income
263,841
8,500
$24,405
/
1
—•
157, p. 2259.
Gas
Net
22,723
15,700
;
$608,267 f
292,176
(nor¬
Consolidated
1943
but before taxes
Federal and State income taxes
$612,767
Union Electric, Co, of Missouri—Annual
$658,379
after charges
142
$49,739
surtax).—
prior
x.5%
—V.
Sunray Oil Corp.—Estimated Earnings—
6 Months Ended June 30—
1,^82
Dr332
54
21,872
tax
income
•*'
$606,985 /
$61,977
__:
income
and
15, 1942 a dividend of $2 per share was paid.—V. 157, p. 261.
Profit
$613,099'
■
Pfd: div. requirements:
15 to holders of record July 1.
This dividend covers
the 12 months' period ended April 30, 1943.
A distribution of $1 per
share was made on Jan. 15, last, and on July 15, i.942, while on Jan.
July
payable
■
$49,597
income—net-
Net
share on account ■'
preferred stock, par $100,
dividend of $2
a
68,107
$61,923
(John B.) Stetson Co.—$2 Accumulated Dividend—
The
-
59,438?
1,527
,
income
Deductions
Fed.
16,654
5,202
972
■
—
income
oper,
13,575
4,820
than
tax
Non-oper.
.
other
-
-
16,398
,
State—
and
taxes;
income
21,850
•"
15,594
;
taxes,
.
1943—12 Mos.—1942
$2,738,697 $2,813,688
631,573
608,124
886,810
932,112 ;
90,651
84,353
258,031
305,002'
185,520 - ■
192,351
69,468
7,287
20,401
tax-
munic.
security
;
Federal
2458.
p.
Sylvania
Electric Corp., parent of South Carolina, was
stated as owning $391,000 of the Broad River Power Company bonds
and $650,000 of the Lexington Water Power Co. first mortgage 5%
p.
157,
Co.—Earnings-—
54,288
6,723
—
deprec!—
for
mal
1953.
Gas
Provision
Sterling Drug, Inc.—Secondary Offering—
V.
has filed with
General
power.
Maintenance
652,671
28,353
*133,262
Oversubscription of a block of 30,580 shares. of capital stock (par
$10), offered after the close of the market by Shields & Co., was
announced June 20.
The stock was purchased from General Aniline
& Film Corp. which is being operated by the Alien Property Office.
It was offered at 61 V\ with a
selling commission of $1 a share.—
issue
to
*12,135
...
Purchased
:<>■'>{
Fed.
Proposal With SEC-4Company
173,501
railway
oper.
ry.
,,,
706,546
79,138
*96,697
per
South Carolina Electric &
plan
,
653,886
from
Net
railway
*24,110
*1,405
*
Dividend—?
share has been declared on the com¬
mon
stock, no par value, payable July 14 to holders of record July
6.
This compares with 40 cents paid on Dec. 18, 1942, 35 cents on
Oct. 16, 1942, and 50 cents on July 6, 1942.—V. 157, p. 1468.
cents
25
of
1—
897,680
Net
25-Cent Dividend—
Simmons Co.—To Pay
A: dividend
33,393
26,088,
74,359
income
Twin State Gas & Electric
•J- Period End. May 31—41
' 1943—Month—1942
1940
: $223,006
$135,413 i- Operating •:revenues.-! $210,231
Operation45,510
51,677
8,001
1941
$155,698
1,551,355
from
Gross
share has been declared on the common
per
to holders of
Dec. 22, last;
2
Aug.
railway-
oper.
From January
1942
$208,717
62,603
1943
$308,384
126,019
'
•
income
361,445
*Deficit.—V. 157, p. 2054.
Trust Co., New
Charles C.
Clough, Comptroller of Manufacturers
York, has been ..elected a director.—V. 156, p. 1958.
:
•
railway
from
Gross
4% r
Ry.—Earnings—
Staten Island Rapid -Transit
its capital stock
of
shares
»-each
Monday, July 5, 1943
July
25
on
first' dividend
1937.—V.
declared
the
a
dividend
preferred
of
stock,
$5
157,
share
per
payable
6.
Jiilv
on
to
.
to
p.
be
paid
1567.
by
the
•;
company
*
since
renr
9r"
Volume
Number 4191
158;
United
Merchants
THE COMMERCIAL &
ing
accrued
dividends,
a
however,
underwrit¬
an
which offered June 30 at $104
group
respect, to
Inc.—Preferred
Manufacturers,
&
Stock Offered—Lehman Brothers headed
share and/
issue of 60,000 shares of 5%
new
a
both
years,
domestic
materials used by the corporation.,
Corporation,
able to adapt itself to wartime
restrictions and
production and sales have increased during the war
been
the
in
terms
sales,
preferred stock (par value $100).'
;•
Associated with Lehman Brothers in the offering are: z
Blyth & Co., Inc.,'Eastman, Dillon & Co.y Hornblower &
.
of
is
additional
the
production
for
the
sinking fund at $104
///•.
.
through
units
of
the
and
At the present time approxi¬
manufacturing capacity of the plants of this com¬
manufacturing products for the Government.
These sales
60%
are
may
be
Profits
of
the
subject
Control
convertible
to
renegotiation
Act".
from
This
■
the
«-
,
Of
manufacture
from
ing -fund
purchased
number
by the corporation) at least 3%" of the greatest
shares of preferred stock theretofore issued
or, depending
of
consolidated
upon
greatest
number
net
of
.earnings,.-
shares
,to
up
theretofore
but
not
exceeding
the
New
York
•
Stock
of
5%
the
5-%
cumulative
pfd.: stock
(par $100)
60,000 shs.
,
__
Inc.
>
Agent,
r
Co.;
'
«
Registrar,
J.
P.
<
i
„
2,994,878
-750,000 : *»Vv 250/000
is
$3,899,406 :
$2,744,878.
$1,857,535
-
units, mills and finishing plants engaged
textile manufacturing.
The underlying
aspects ' of
and
by
ate
operating
that
is
they
cbntrol
the
manufacturing operations of
mills and
the
trade
principally
were
get,
principal
sidiaries
and
V';' '/'/:■
by the
of
ac¬
fabrics of
from
of
period
approximate
subsidiaries
June
30,
other
sales
net
the
for
nine
fibres
printed.
spun
such
of
wool
the
ended
the
For
June
fiscal
ended
30,
1942,
31,
of
corporation
the
year
March
goods
rayon
of
fiscal
1943,
the
Inc.
of
G.
Becker
principal
to
i
6,500
Co.—_
&
Co.,
5,500
White,
Dean
&
Cash
of
-
These
products
retail
sold
are
to
department
outlets
and
apparel
stores,
wide
a
2.500
sory, lines in the cutting-up trade.
mately 6*000 accounts.
The chief
Co.,
New
&
1,500
3,000
Schwabacher
Bear,
2,500
Piper,
&
Stearns
Co._
receivable
York,
contact,
to be
which
units,
total
March
81,
15)43
$2.567,io2
(net)
headed
one
,2.579,343
7,338,761
—____
for purchase
$8,690,833
of equipment
force,
67,568
Co.
flexible
shift
one
from
mafntains
Angeles,
United
St.
does
with
type
the
City,
the
under
fabrics
trademarks
Earned
activities
Davis
and
the
Mills
Treasury stock
of
the
corporation carried
principal • ones of which
from
grey
Mills,
issued
stated
Ashland
Corp.,
sold
a
of
in
the
United
States
independent manufacturers.
the
the
first
nine
in
the
months
the
same
approximately 50%
period,
balance
fabrics
finishes
and
finished
The
from
of
all
were
both
Its
of
filament
own
the
located
and
products.
company's
American
Sudamericana,
Argentine
ing
The
$30,000,000
of
cotton
chandising
spun
The
and dyes, prints
output is sold in the
rayon,
entire
output
subsidiary, Sudamtex, Sociedad Anonima Textil
in Buenos Aires,
Argentina,
and
the
other
of
these
companies
units.
subsidiaries
of
is
sold
■ ■/■
Canadian
.
sales
net
the
consolidated
were
through
their
own
mer¬
/
/;■•
subsidiary
and
the
follows;
For
the
fiscal
ended June 30, 1940, $4,234,000; for the fiscal year ended June
1941, $5,402,000; for the fiscal year ended June 30, 1942, $7,219,000;
for the nine months' period ended March 31, 1943,
$6,334,000.
The
use
The
war.
fabrics
to
will
The
to
in
by
use
be
.national
laws
agencies
their
the
and
corporation
the
for
for
expand
earnings,
supplies of
Priorities,
this
of
raw
of
fiber
is
At
by
the
the
this
the
June
of
of
capital
.
161.3
shares
still to" be
readjustment)
and
stock
share was recently declared
A
$1,
par
distribution
declared
of
20
On
cents
preference
50
cents
par
$50,
Dec.
29,
each
on
dividend
a
junior
stock,
24.
60
the
on
payable
cents
June
per
non-
was
6
both
1942
the
of
on
payable
and
1941,
junior
cents
30
stock,
share
per
has
and
rate
other
purchased and sold
limitations and allocations
presently
such
the
war
Federal
materials,
before
time
the
confined
nylon
as
corporation
in¬
brought
State
and
subsidiaries
of operation,
matters.
are
are
forth
governments
its
manu¬
.Virtually
subject to price
in
effect
with
amortization
§After
on
the
on
the
4%
June
the
as
of
a
dividend
record
stock,
will
head
during
of
Account
for
the
sales
July.
adminis.
expenses
income
1
credits
income
Gross
and
at
for
for
income
Dividends
Veneer
01'
to
Co,
1
with
Earnings
the
in
1942.
in
1943
157,
p.
and
1278.
of
SEC.
to
the
offer
these
stock
the
&
Co.
publicly
:
;
and
plywood,
pre¬
of
Dillon
securities
'■'-/./
manufacture
molded
Proposed—
cumulative
Eastman,
,
in
plywood,
of
common
sale
of
Douglas
fabricated
gency
A
of
be
of
the
shares
price
requirements
related
Hamilton Veneer Co., own manufacturing plants
Orangeburg, S.
C.
Tekwood,
Inc.,
another
plant at Lakeport, N. H.
of
20,176
will
and
and
a
proceeds
redeem
proceeds
used
the
proposed
of
financing,
preferred
$27.50
meet
to
stock
share.
per
various
corporation
either
$554,840
now
The
working
during
be
will
outstanding,
balance
of
used
the
at
the
net
capital
other
present
the
and
war
emer¬
thereafter.
or
special
upon
meeting of stockholders has been called for July 9 to vote
proposal of the directors to increase the authorized capital
$3,253,520 from $1,750,000.
■
>
a
to
capital comprises 70,000 shares of preferred strick of $20 par
350,000 shares of common of $1 par.
The increased authorized
stock would comprise 20,176 shares of
preferred stock of $20 par, being
the
amount
now outstanding; 25,000 shares of new cumulative stock of
issuable in series, and the present 350,000 shares of common
$100 par,
stock of $1
Of
the
par.
share
per
•
15,000
plus
income
taxes
contingencies
for
com.
the
per
30
participat¬
to
holders
paid
156,
preferred
shares
accrued
as
for
of $3.50 per
share
account
on
par
retroactively
of
$7
The
exact
terms
contemplated
at
share;
a
dividends,
planned
series
according
for
cash
approximately
at
offer
$100
to
the
of
that
the
annual
series
Simon
to
Ottinger,
have
shares
of
rate
not
thereof
not
less
yet been
Sec-
will
than
in whole
be
entitled
4V2%
in
or
determined, but
and
to
it
cumulative
not
than
more
part at premium of $5
that they
will have no conversion rights, and that the series
operation of a sinking fund.
"The company intends in event of issuance of
any of said shares of
cumulative preferred stock to call for redemption and retire all of the
presently outstanding preferred stock," Mr. Ottinger states. /://// :
The proceeds from" the sale of the cumulative
preferred stock, esti¬
be
subject
mated
of
the
in
$554,840
standing,
wbuld
neighborhood of $3,300,000,
redeem
to
the
used
to
is not
It
to
at
be
the
meet
would
shares
20,176
redemption
price
of
of
be
used
preferred
$27.50
the
to
stock
share.
a
working capital needs.
extent
out¬
now
The
balance
-
presently contemplated that, the other 10,000 shares of
new
cumulative preferred stock, if authorized by
the near future, Mr. Ottinger says.—V.
stockholders, will be issued
157, p. 262.
in
United States Rubber
Co.—Army-Navy "E" Award—
This
company
has been awarded
excellence in war production at the
plant.—V.
157/ p.
its
fourth
Eau
Army-Navy
Claire,
"E"
Wisconsin,
' '
2459.
for
ordnance
.
Universal Corp.—Merger Approved—To Be Surviving
Corporation—To Change Name—See Universal Pictures
Co., Inc.—V. 157, p. 648.
Universal Laboratories,
Years
156, p. 2231.
Ended
March
York
At
Stock
preferred
Exchange
stock
343,191
issuance
subsidiary,
held on
having
merger
Feb.
listing
value
$1)
(par
Vadsco
of
the
stated
a
stock
common
Delettrez,
meeting
a
of
the
upon
has authorized
par)
(no
shares
Sales
of 21,160
of
$50
Corp.
per
official
upon
and
its
Inc.
10,
1943,
majority of the respective
boards of directors of Vadsco and Delettrez duly
adopted and executed
an
agreement of merger which provides for the merger of Delettrez
and
with
corporate
The
thereof
$100)
its
each
of
Vadsco
of
share
Vadsco
a
parent company, Vadsco,
of
name
agreement
the
of
will
"Universal
to
be
present 7%
converted
and
for
that
one
the
Inc."
the
effective
date
preferred stock
(par
upon
cumulative
into
the change of
Laboratories,
provides
merger
share
of
$2.50
new
cumu¬
lative
preferred stock (no par) and five shares of new common stock
(par $1) of Universal; each share of present common stock (no par)
Vadsco
of
will
be
converted
Universal.
into
l/10th
of
a
share
of
new
common
The
recapitalization of
primary purpose of the merger is to effect
Vadsco, which includes the elimination of divi¬
dend arrearages on
the present
elimination of the Vadsco deficit.
Pro
Forma
preferred
Consolidated
(After giving effect to the
Assets—
in
stock
of
Vadsco
and
the
1941
19,302,840
11,883,560
3,007,461
510,292
$5,783,510
$1,366,988
337,433
255,683
1,280,000
1,950,000
900,000
1,500,000
275,000
Jan.
1,
1943
and
and
notes
on
hand—
receivable
$347,246
;
(net),——
524,267
—
631,555
at cost—
6,463
Prepaid insurance and expenses and advertising supplies—,
Capital assets (net)_
(
Goodwill, brands,
trademarks,
26,251
79,728
etc.
1,000,000
Total
$2,615,509
Liabilities—
$856,696
347,570
Sheet,
Inventories
2,307,404
$5,435,940
Balance
proposed*merger and plan of recapitalization)
:/.//, /'-.
banks
Accounts
Miscellaneous securities,
31
2,757,384
$2,823,881
725,426
New
wholly-owned
Cash
1942
Inc.—Listing—»
(Former Name, Vadsco Sales Corp.)
The
per
Notes
Accrued
Taxes
Z
payable
to bank
payable
payrolls and expenses—
payable and
$200,000
—
/
83,006
/•
accrued
52,525
55,879
Minority interest in capital stock of subsidiary company—
$2.50 cumulative preferred stock (no par)_______
4.960
—
$1,152,675
$1,996,077
565,254
(376,836
847,881
(376,836
$3.06
$5.30
Capital
391,238
$2.14
stock
(par $1)
:
—
surplus
1,058,000
___________
207,391
—i.
195,615
outstanding
common
share
provisions
be
is
$100,
year________
stock
for
contingencies
are
made
from
charges due to national emergency
applicable to the emergency period.
such
it
single
a
V'retary.
the
$836,305
♦Including provision for depreciation and amortization—1943, $929,1942, $958,685;
1941, $921,446.
(No provision is required for
excess
profits taxes.
(Exclusive of treasury stock.
Note—The
*
>■
cumulative
new
approximately
future
—
Total
share
directors
on
one-half
the
will
be
July
on
$2.50
one-quarter,
payable
may
one-quarter,
payable
p.
1094.
1
voted
cumulative
payable
current
as
953,750
—_______$2,615,509
Dividends Inaugurated on Preferred Stock—
The
473;
earnings
the
group
laminated
and
Wis.
owns
redemption
the
216,632
Fed.
declared
.of
$36,260
shares
■
,
engaged
other
Algoma,
Common
Net
is
hardwood
of
subsidiary,
into
and
stock.—V.
7% preferred stock,
July 2.
A distribution
$3,549,307
charges
Provision
$13,953,850
of
shares.—V.
airplane
products, and in the pur¬
chase and sale of hardwood plywood,
Douglas fir and other plywood,
related sheet and laminated products, and
glue.
The company owns
a
manufacturing plant in Seattle.
It also operates a leased plant at
New
Rochelle,
N.
Y.
Wholly owned subsidiaries,
Algoma
Plywood
and
Accounts
(Provision
and
par
covering 15,000
50,000 shares
July
,
plywood,
of
24,146,701
&
operating
Income
1943
reserves
no
and
underwriting
Corporation
fir
A,
filed
was
an
notice
$29,727,966 $27,746,241 $15,047,660
general
Shares
in
(ILess
391,238
statement
series
corporation,
and
last, the first since Oct. 1, 1938, when $1.75
at July 1, 1943, before making the above
sales
Net
$13,618,005
♦•Issued.
registration
of
Dividend—
1943
Income
$26,945,990
United States Plywood Corp.—Stock Issues
A
ferred
share,
share
per
corporation
outstanding
Jan. 4,
Arrearages
Income
"Cost
Dr325,845
$29,183,903
$684,914.
1942.
shares
U. S. Industrial Alcohol Co. (& Subs.)—Annual
Report
Sell.,
in
of
of
reserves
was
share
$15,
par
preference
payment, amounted to $26.25 per share.—V.
Net
1,680,491
£r325,845
L_—:—
$77,749
of
to holders
made
paid.
was
1940—2,267,912
reserves
to
26
;;/////./■•
yarn.
corporation
and. various
started
wa?
consumption,
use
caused
affect
processes,
products
the materials and products
ceilings.
of
fabrics
Government.
the
regulations
which
of
civilian
emergency
and
thereof
facturing
all
the weaving
available
resume
numerous
and
nylon in
manufactured
again
tends
cf
$50,347,663
Payments in 1942 were as follows: May 8
each; and Nov. 30, 20 cents.—V. 156, p. 1511.
recently
accumulations
South
as
for
stock
share
merchandising unit.
own
year
and
17.
The directors have declared
'
116,472
of $428,866 in 1943 and $378,089 in 1942.
(Includes
representing inventory held in West Indies pending facilities
shipment to the United States.
(Less reserves for depreciation
and
share plus $5,911,790 added to capital by
157, p. 2459.
"V
United States Foil Co.—Accrued
of
17,544,996
16,661,286
—_
last.
31,
preference
payable July
cotton
combined
American
30,
June
non-cumulative
2312.
goods
831,351
stock
Total
directors.—V.
quarterly dividend of
record
p.
deferred
2,217,466
17,544,996
and
£>r421,475
(including
subsidiaries
the
in
entire
The
$1
plan
per
of
50 cents per
10 cents
4%
dividends
also constitute a completely integrated organi¬
field, carrying on the business of spinning, weav¬
ing, dyeing and finishing a varied line of cotton goods.
The South
American companies also manufacture a small volume of
rayon goods.
zation
of
31,
prior
of
finished
was
state, by this
South
.
shares-)
par
under
the board
directors
the
usual
finished
in the cornoration's own plants,
by independent plants.
Practically all
of the rayon finishing is done by
independent companies.
The corporation's Canadian
subsidiary, Associated Textiles of Canada, Ltd. is a completely integrated rayon unit, which manufactures
the
9,570
United States Cold Storage Corp.—Dividends—
grey from
the current
of
of
March
on
Oct.
The
on
1942, of the $31,000,000 of rayon goods
state, approximately 35 %
were
woven
in tbe'
plants and 65% were purchased from independent
own
For
weavers.
For
purchased
shares,
exchange
of
376,836
2,515,243
724,659
credits.—121,088
4,636,190
liabilities
surplus from April 1,
Treasury stock
11.883
finished
corporation's
rayon
(24,951
participating preference stock,
and
beginning July 1,
year
in
are
in
made
United Rayon
plant is marketed through the merchandising units of
the
corporation, but about 30%
out
of
the output of the weaving
plants is sold to other companies in the unfinished state.
Practically all of the finished cotton goods sold by the corporation's
and
at cost
—
record
the
subsidiaries
subsidiary..of subsidiaries
cumulative
Corp.,
taxes—
25,509
Argentine
surplus
holders
dyeing of rayon; spinning and dyeing of cotton yarns; and the
finishing and printing of both rayon and cotton fabrics.
Most of the
output
and
.__
at par value of $1
dividend
A
:.
its
other
reserves
•Less
$1,988,980
188,418
2,095,443
•
and
Earned
United National Corp., Seattle, Wash.—50-Cent Div.—
by
Clearwater
are
subsidiary
employees,
stocks
393,320
600,000
resolutions
«
■
96,015
—
■Tssued
is
can
through
on
insur.
Total
consist of manufacturing woven fabrics
combination of cotton and rayon yarns; throwing
and
sold,
in
surplus
"Hall-Mark"
'
'
production
subsidiaries,
the
Manufacturing Co., The Seminole
fiscal
to
liability
surplus
it
l
1
♦•Common
97,990
1,500.000
and
6,511,790
Capital
and
and
6,667,811
stock
change.
sells
"Cohama",
"Ameritex"'.
The
domestic
sold
Argentine
accidents
interest
desired
demands
taxes
_;
reserve,
for
95,750
profits
exc.
2,569,439
.
—
♦Capital
San
advertised
are
3,080,502
accrued expenses
companies, not consolidated-
contingencies--—
employees' compensation
Minority
Francisco, Los
principal cities in the
other
and
the
it
goods
market
as
York
4,276,502
foreign and Federal inc. and
in
field
finishing plants;
or
type of
another
New
Boston
of
mills
any
to
to
in
Chicago,
Certain
Co.
own
goods
offices
Louis,
States.
not
respect
of
sales
Cohn-Hall-Marx
Mills,
for
__;
income
with the trade
13,370
'
payable—
for
his
Other
Total
will
-
-
-
—
notes payable
accounts
Statutory
781,463
1
;
dividends
foreign bank___:*i___—^___—
to
;
858,156
$1,931,042
payable
income
is
$50,347,663
•
banks
payable,
to.
for
in
charges
5% ; that they-will be redeemable
:
Reserves
expert
an
Federal
Other
735,060
-
•
Deferred
individual
tankers
deferred
$29,183,903 $26,945,990
904,330
■•_«
I
■
Reserves
many
of
and
licenses—
payable
Dividends
10,341
Credit balances of factored clients-
1943,
replacement
expenses
Liabilities—
10,822,863
434,420
reserve)—^
_______
women's
of
211,667
—_—
1
—_
charges
Installment
Due
its
For the period covered by financial statements
included
of Cohn-Hall-Marx Co. amounted to more than
75%
of the corporation and its consolidated subsidiaries.
completely
ih
by
specialized sales
a
basis
.11,555,317.
._
:
_
13,188,371.
—__
(net)—
i_
(less
Liabilities—
Notes
The
10,390,221
§1,874,966
1,584,173
1,886,650
Present
assets.
assets
Total
sales
Cohn-Hall-Marx
and
each
the
on
1,000
;
—.
assets
Reserve
organized
1,000
transit—.—___
assets
the sales
the
It
is
through
reached.
herein,
of
The'organization
1,500
Co
&
6,491,089
10,324,400
Total
stock
Sheet,
purchased
inventories
chain stores,
handling acces¬
sells to approxi¬
(men's,
__
Hopwood
&
Jaffray
2,500
Balance
in banks and in
current
Intangible
/
houses,
companies
1,500
Co
foreign government bonds
Other
merchandising unit of the organization is Cohn-Hall-Marx
merchandising
close
order
of
1,500
Tully & Co
and
Reserve
manufacturers
mail
number
Fen¬
2,500
accounts
Deferred
.
children's),
the
agreed
2,500
liabilities and
and
and
severally
Co.—
Riter
$2,680,407
4,727,843
t7,422.887
and
Accounts
bank
Co
accounts, notes-and acceptances receivable
associated
other
their
&
Mitchum,
1942
:
3,278,724
and
Due
$31,000,000.
capital
its
and
31,
the
&
and
S.
for
Patents
and
war,
Weld
3.000
Sundry
March
the
reduce
has
recelvable^______
assets
IIFrepaid
31
-
,
Fund
March
1943
$3,828,912
.
of
Witter
3,000
Co.________
&
hand,
on
Fixed
$29,000,000; and
ended
subsidiaries
Beane_
3,500
Co..
Trade
period
addi¬
E. Dickson & Co., Inc..
R.
Co
&
$38,000,000; and for
months'
with
Lynch, Pierce,
&
ner
5,500
Inc.__
.for this period were as follows:
For
the
fiscal year ended June 30, 1940,
$28,000,000;' for the fiscal year ended
June 30,
1941, $33,000,000; for the fiscal year ended June 30, 1942,
nine
pro¬
Shares
Merrill
9.500
'_
Noves
Investments
consolidated
the
(a)
underwriters
each
Trade
Other
1941,
$30,000,000.
corporation
applied
determined
Assets—
ended
30,
the
preferred stock which
———J—
Merchandise
and
and
year
June
them
U.
The rayon
and include
rayon,
mixtures
as
goods
follows:
as
year
of
and
cotton
for
perioi ended
sales
net
subsidiaries
of
fiscal
months'
approximate
plain and
be
improving
Notes
produc¬
by financial statements included herein
were
$14,000,000;
types,
enabling
of
names
Consolidated
corporation
filament
covered
consolidated
1940,
$19,000,000;
the
and
rayon
all
both
by
thereby
accounts
manufacturing
the
termination
and
(Fixed
parts
Weeks
&
Hallgarten
through its sub¬
goods, plain and printed, and woven
cotton
woven
rayon
For the
rayon.
sold
made
are
mixtures
the
products
consist
knitted
fabrics
the organization, The
of
of
Sheet,
■'■•'■■•T':-
$547,181
corporation
all
Balance
'/.://'''"
y'
Investments
mer¬
..
Inc
organized
are synchronized with the requirements
determined by the principal executives of the
organi¬
f
The
subsidiaries
Dillon
Wertheim
merchandising
a
fche
others,
among
the
or
the
subsidiaries,
J/S. Bache & Co.—-
finishing plants
as
sation.
for
its subsidiaries
and
constitute
of
'
Inventories
.
improvement
some
Webster and Blod¬
Hemnhill,
various
selling organization. The merchandising units,- which are operated '1
a
large group of specialists and experts in their various
"fields, '
tion
of
in
principle' in
cordance with which the
corporation
and
the
Brothers
Eastman,
t
was
merchandising
35%
Shares
organized in Delaware Oct. 5, 1928.. ' Cor¬
holding company controlling companies operating textile
a
by
of-shares
Hornblower
♦Notes
another.
to- purchase/are'as' follows:
Lehman
1,857,535
———
,
of
and
equipment of
prior to and after
securities.;
number
■
A.
poration
subsidiaries
modernization
these
Blyth & Co..
4,649,406
•
$3,268,423
Business—Corporation
the
including,
plant
issuance
Stone
rNet, after conting-^-
(b)
and
of
,
3,768,423
500,000I
_
for
own
.
-contingencies—
Provision for conting._y
to
/indebtedness, arid substitute therefor the proceeds of the sales of their
1942
1941
'
1040.
$61,130,647 $66,870,740 $51,668,680 $42,459,371
sales—
Consol. net profit before
fabric
of
approximately
company
the directors,
Underwriting.—The
Mar. 31, '43
—
Consolidated net
by
all
or
position-of
60,000 shs. '
574,887 shs.;
Morgan & Co.,
""Sales and Earnings for 'Stated Periods;
'
July I, '42 to"/
Years Ended June 30 }
"■ •
;
\
,
'
•
,
'
•
Bankers Trust
time
corporation
ized
Common/ stock; (par' 750,000 shs "
Transfer
type
Consolidated
.
readily
approximately $2,000,000 of the proceeds for the purchase from certain
./subsidiaries of the corporation of preferred stock which will be author¬
"V1
Outstanding
Authorized
one
"War
the
and
apply
Capitalization Giving Effect to Present'Financing
'
this
of
of
flexible
(c) providing for post-war contingencies and possible post-war expan¬
sion.
It is the present intention of the board of directors to
on
Exchange.
"
of
provision
are
js purchased from independent plants.
funds,
/ properties
the
issue
some
tional
issued/
Listing—Corporation will make application for listing the
sales
sold
time, to
viding
redeemed
or
total
the
plants
Purpose—Net proceeds
(approximately $5,973,5501
will
by the corporation for such corporate purposes as may be
r
t
the
chandise
under
company's
.
and
company.
Prior to the war, the principal
Corporation were curtain and drapery goods
printed.
The products are widely distributed
company's merchandising units to manufacturers, mail
this
pany
Sinking Fund—To retire annually (through redemption afc^the sink¬
redemption price or through..surrender' of, shares,otherwise,
;
stock
houses, chain stores and retailers.
mately
share,
per
voting
Comparative
Assets—
Cash
same
,
,
time
products of Seneca Textile
order
also redeemable
Of the
present
95
shares of
the
—plain,- decorative
cumulative preferred stock is redeemable at $108 per share,
prior to July 1, 1946; at $107 per share on or after
July 1, 1946 and
prior to July 1, 1948; at $106 per share on or after
July 1, 1948 '
and
prior to July 1, 1950; at $105 per share on or after July
1,
1950 and prior to
July 1, 1955; and at $104 per share on or after
July 1, 1955; plus dividends in each case.
The 5%
cumulative pre¬
is
the
the preferred stock.
Seneca Textile Corp.
organizational principle as is the corporation,
merchandising unit dominant over and in control of the
operated on
with
5%
stock
produced.
being sold at
are
voting
certain
Jaffray & Hopwood.
ferred
value and quantities
money
approximately 15%
preferred stock and has entered into a contract for purchase of
trust certificates representing an additional 25% of
Weeks, Stone & Webster and Blodget, Inc., A. G. Becker
& Co.,
Inc.^Hemphill, Noyes & Co., Wertheim & Co., J. S.
Bache & Co., Hallgarten &
Co.,.Merrill Lynch, Pierce,
Fenner & Beane, White, Weld & Co., Dean Witter &
Co.,
R. S. Dickson &
Co., Inc., Michum, Tully & Co.y Riter &
Co., Schwabacher & Co., Bear, Stearns & Co., and Piper,
plus, dividends,
CHRONICLE
to
various
governmental agencies.
These sales may be
subject to
renegotiation under the provisions of .the "War Profits Control Act".
7'.,*- The corporation owns voting trust certificates representing 50% of
the voting stock of Seneca Textile
Corp. and certain shares of its
cumulative
'The
certain
has
conditions and
FINANCIAL
on
on
on
Sept.
Dec.
a
full
preferred
July
15
15
to
31
year's
stock,
to
dividend
no
holders
par
of
of
value,
record
$2.50
per
of which
July
to ho'ders of record Sept. -1;
holders of record Dec. 1—V.
21;
and
157,
FINANCIAL CHRONICLE
THE COMMERCIAL &.
Virginia & South Carolina RR.—To Extend Bonds—
United States Steel Corp.—Line Completed—
Production
been
Inch"
Tube
has
gone
line
announced
on
largest oil line
world's
the
be
to
record
June
time
plant,
for the
24-inch line for War Emergency Pipelines,
July produced 280,106 tons of seamless
300,000 barrels of oil will flow
the Eastern Seaboard.—-V. 157, p. 2459.
to
points near
Gross
Inc.,
steel
Wagner Raking Corp.—Earnings—
•Net
profit
■
>
_
,
•
..
,
Cancellation
(a)
Pictures
;
V
.
.
company
accrued
$2,000,000
owned by
of
(all
✓
,
of 231,327 shares of Pictures
by Universal Corp., representing 92.531
„
Company common
Pictures
°U(c)anCancellation
J.'•
>v
of $2,000,000 notes payable of the
com¬
held by Universal Corp.;
Retirement by Universal Corp. of $2,000,000 10-year 5 to con¬
vertible debentures, due April 1, 1946; and extension of the maturity
to April 1,
1950, of the remaining $2,000,000 principal amount; and
(e)
Issuance by Universal Corp. of 56,016 additional shares of its
common
stock to the holders of 18,672 shares of Pictures company
common stock not owned by Universal Corp.
The outstanding capitalization of the surviving corporation will be
$2,000,000 of 5% convertible debentures due 1950, and 581,697 shares
($i
;cbm:moh stock/^; •
'
Holders of
voting trust certificates of 525,681 common shares of
Universal Corp. will retain their certificates, which, will represent the
same number of shares in the surviving company.
Officers of the surviving corporation will remain the same.—V. 157,
2355.
p.
„
Utah Ry.—Earnings—
-'May—'
'
From
1941
$52,735
507,815
108,973
312.047
333,715
38,511
52'440
19,275
?o'™o
76,243
oper.
1942
$103,124
25,896
15,556
626,906
157,630
income—
January 1—
Net ry.
railway
Net
from
Net
$39,592
5,099
6,505
ry; oper.. income-.-
18,692
•Deficit.—V. 157, p. 2159.
the
District
acquisition
29 approved a merger agreement dated
Feb. 10, 1943, which provides for the change in name of the corpora¬
tion to i Universal Laboratories,
Inc., and for the issuance of one
share of preferred stock of no par value and five shares of common
stock of $1 par value of Universal Laboratories, Inc., in exchange for
each share of preferred stock of $100 par value of Vadsco Sales Corp.
and l/10th of a share of common stock of $1 par value of Universal
Laboratories, Inc., in exchange for each share of common stock of no
par value of Vadsco Sales Corp.
The
merger
with Vadsco of Delettrez, Inc., a wholly-owned sub¬
sidiary, was also approved. (See also V. 157, p. 1095.)—V. 157, p. 2260.
stockholders
Vanadium Corp. of America—To Pay
'
25-Cent Div.-r-
dividend of 25 cents per share on
the common stock, no par value, payable July 15 to holders of record
July 8.
A similar payment was made on April 10, last, which was
the first since May 4, 1942 when 25 cents was also paid.—V. 157,
p.. 1191.
income
received
The
for
receive
estimates
trustee
Totai
87,682
82,401
33,802
*
<i'
operating
1942
Income
shares
59
of
of
stock
Miranda
Interest
Other
$617,186
$867,260
•
$316,180
27,454
$805,357
income
$299 760
35,230
295 shares for each $500 bond and
5,310
5,302
charges.—
$835,276
$329,108
debt
——a——.—
69,435
69 435
funded
on
charges
approximate
Balance
road,' equipment,
Period Ended May 31—
revenues
of
Maint.
of
Traffic
struc.
&
way
___
616,190
46,629
12,339
conductors—
28,069
22,879
338,290
320,148
1,059
239 489
receiv.
from
agents
accounts
722,181
699,279
8,724
8,360
68,145
expenses
oper.
700,132
and
supplies—
and
Interest
Other
and
receivable
dividends
current
Deferred
—
receivable—*
Unadjusted
—
assets
101,200
252,128
925
3,559
assets
debits
2,544
73,263
—
137^497
142^499
457,913
$13,247,348 $11,797,136
—
Liabilities-
Capital
stock
Grants
in
—
aid
$3,000,000
—
of
construction^__Ux.——-
Long term debt
Traffic
and
Audited
accounts
Unmatured
Accrued
Other
payable.
wages
Additions
17,359
207^498
17,518
—
10,469
4,616
1,857
.
4,0251419
513,048
511,285
through income & surplus..
fund
reserves
47,668
balance..
loss
and
36,282
1,019,455
—
4,194^207
prop,
Miscellaneous
217|935
17,359
credits
to
150,817
132,857
—
—...
liabilities—
1,543,000
295,597
payables
accrued
251
*
,
.
liabilities
Unadiusted
Profit
Cr
liability—....
current
Deferred
and
accounts
interest
tax
$3,000,000
251
1,543,000
car-service balances,
Miscellaneous
—
2,461,773
....
2,074,965
$13,247,348 $11,797,136
157, p. 2159.
Western Pacific RR.
57,011
,
$942,765 *
revenue—
Taxes
1943
from
railway....
Net from railway.—.
Net ry. oper, income...
2,533,250
229,673
3,084,948
52,781
281,371
,
$5,944,334
2,435,000
$4,128,747'
1,675,000
$524,679
28,531
Drl3,273
$3,509,334
114,645
Dr78,437
$2,453,747
175,984
Net
ry.
—V.
$1,499,121
401,854
322,425
1,042,105
833-,335
■'v'
x'
217,878
133,211
'^'V
7,808,573
6.362,030
4,320,529
1,829,178
1,021,473
3,018,934
863,077
182,677
V"- iV
-<•
17,074,614
3,793,060
c ''
"
*
12,752,414
7,255,409
income
oper.
1940
$1,745,053
1,112,236
railway
157,
1941
$2,798,049
1,944,068
From January 1—
from railway
from
1942
$4,000,096
Gross
$929,679
405,000
394,000
Earnings—
May—
Gross
Net
Net
>
$10,603,442 $10,490,056
709,134'
407,320
declared
2,861,633
217,303
3,770,589
45,323
320,409
581,467
45,974
operation-
General
"
1941*
Ry.—Earnings—
exps.—
Transportation
Miscel.
.
31
Dr
bal.
Miscellaneous
1943—Month—1942
1943
5 Mos.—1942
$2,810,383
$2,560,928 $14,907,754 $11,445,728
405,749
239,158
1,748,163
1,134,958
equipment—
expenses
etc.—
Total
Western Maryland
Maint.
Dec.
a—-—a——■
—V.
Operating
Sheet,
1942
for
Material
it
should not be
$259,238
Net
been
for the investigation
433
$765,815
Income
Temporary cash investments
Traffic and car service balances,
$10
ana for the more important reason that the case
settled.
In addition to ordering Special Master Bortin not to proceed with
the investigation, the circuit court, composed of Judges Maris, Jones
and Goodrich issued a rule returnable August 16 to show cause why
for
27
—...
Cash
will
distribution
cash
the
Judge circuit court of appeals at Philadelphia on June 28
investigation scheduled to begin June 29 before David
Bortin, a special master for the U. S. District Court, Philadelphia,
into the circumstances surrounding the offer of the company to buy
back its 7% preferred stock at $150 a share, $50"5ver par value.
The court's order was issued on an appeal taken by the company
from the order made by Federal Judge Harry E.
Kalodner, June 9,
last, in a stockholder's suit.
The company maintained that Judge
Kalodner had no right to order the investigation since the stockholder
ask
34,648
$334,408
for fixed
General
the
already
Dr43,873
■
30,668
deductions
Investments
three
not
301,006'
Dr92,571
—
Assets—
Sugar
Webster-Eisenlohr, Inc.—Court Stays Investigation—
has
$2,466,901
1,849,719
$1,*954,111
1,086,851
_.
—
—
Total
stayed
;
$840,587
available
fixed
Net
parties, representing about 90 % of the bondholders, are in agreement
With provisions of amended plan.—V. J.57, p. 262.
A
1941
,
$4,374,645
; 2,420,535
income
Miscellaneous
participating banks and certain
$100 bond, $50 for every $500 and $100 for every $1,000
proportionate cash distribution is also to be made to par-,
ticipating banks.
The plan must be approved by two-thirds of each class of creditors
who have filed claims which have been approved by the court.
It is
reported the two major bondholders' committees and other interested
Operating Income—
Equipment rents
$425,973
5,840
-
ry.
income-
$556,784
$3,545,542
136,889
$539,937
22,894
oper.
15,579
income
<
'23,360
ihcome.
Gross
11,680
$449,333
$639,727
719,540
144,520
214,130
$579,678
274,816
income
280,438
$304,862
Note—Operating
$3,682,431
1,378,503
$555,516
charges—
4
'
m
-
2159.
p.
Wheeling & Lake Erie Ry.- —Earnings—
■
Dr70,455
May—
$2,559,276
75,484
$2,303,928
$275,078
month
1943,
include
expenses
for
$85,280
the
month
May,
ry.
railway
$2,427,538
railway
income...
v
1941
$2,087,477
1940
$1,947,263
$1,423,829
1,028,380
788,617
791,373
537,697
336,810
243,420
313,009
415,829
11,236,102
9,072,934
7,852,695
6,327,575
4,873,693
3,180,253
2,732,602
2,105,314
1,527,366
1,077,562
1,649,009
1,671,366
oper.
From
January 1—
Gross from railway
Nst from railway—.-
$2,634,760
1,392,439
Net
$1,242,321
income—
ry. oper.
—V.
157, p. 2356.
1943,
Wichita Union Stock Yards
of
dividend
A
2056.
p.
from
Net
account
of
1942
1943
from
Net
amortization of defense
and $85,636 for the
of May,
1942, also $426,400 for the five months ended May,
and $333,492 for the five months ended May,
1942.—V. 157,
projects of
—
/
Gross
$628,047
$1,091,434
♦Federal incpme taxes
$548,765
25,803
Drl7,784
Joint facil. rents—net-,.
Net
taxes
come
pro¬
A
Fixed
:
^-
corporation
every
bond.
subsidiary
Total earnings before Federal in-
■
the
for
«
$1,085,594
taxes
from
companies
-
York
New
railway
income
Other
■
Earnings of parent corporation before Federal
of
Net
District
in U. S.
present operating sugar properties in
A., and the distribution of the latter
of
Estates, S. A., for each $100 bond,
shares for each $1,000 bond.
May 23, '43 May 16, '42 May 17, '41
20 Weeks Ended—
.
725,424
Calendar Years
'
operating income
Equipment rents
Joint facility rents———
590
Net
Dividends
■
898,668
186,642
.
256,025
for
A 9,474
:
>
will
Bondholders
Other
Veeder-Root, Inc.—Earnings—
■
275,462
Account
".
declared ,a
directors have
The
559,545
18,192
12,149
-
1,489,669
942,429
Railway
June
on
72,115,'
.
v
'
2,165,834
.
;
Net revenue from railway operations
Railway tax accruals
J—
1942.
approved by the court, an estimated 10% cash distribution
is contemplated and upon consummation of plan it is estimated a
further unspecified cash distribution may be made.
Miranda Sugar Estates, S. A., would have an authorized capitaliza¬
tion
of 3,000,000 shares
($1 par), of which 2,965,669 shares would
be issued as follows: To bondholders, 2,747,276 shares; to participating
banks, 206,784 shares, and to certain Cuban creditors, 11,609 shares.
Ka,lodner's order
void.-r-V. 157, p. 2260.
Corporation—Merger Approved—
Vadsco Sales
,
r,
to $365,000
creditors.
Judge
The
amounted
If plan is
did
•—
railway-—
from
Gross
-
railway——-
from
Net
1940'
1943
$112,304
26,080
12,923
'
railway
from
Gross
ended June 13,
of reorganization has been filed
plan
Southern
the
for
Cuban
% of those shares
pany
(d)
i
period
same
company's shares among bondholders,
7% second preferred stock of the
Universal Corp.) together with all
dividends;
railway—
railway
u
'
Cuba by Miranda Sugar Estates, S.
-
Cancellation
(b)
stock owned
viding
8% first pre¬
called for redemption at 110 and accrued idividends.
was
for
Court
company s
Features of the merger plan include:
amended
An
'
_
from
from
/.,•
v,
Warner Sugar Corp.—Plan Amended—
_
ferred stock
the
(2) Bank loans which at the close of .1942
have been entirely paid off.—V,. 157, p. 1472.
acquires
of Pictures
wv
$147,193
&
,
,
over
■
Pictures.
outstanding preferred'stocks.
The outstanding 8,062 shares
income—55,275
oper,
Railway operating revenues—
Railway operating .expenses—a-—....,——.
the 24 weeks': period ended June 12, 1943, show
(,
Notes—(1) Sales for
"an increase of 21.76%
the business and assets and assumes the liabilities
Universal Corp. is the surviving corporation and the
name is changed to
"Universal Pictures Co.; Inc."
The
purpose of the merger plan, according to J. Cheever Cowdm,
Chairman of
the board, is to increase the efficiency of operations,
to simplify
the corporate organization, and to make earnings more
readily available to stockholders by eliminating arrears on the two
ssation
of
,
$1.18
$144,600
$0.98
Universal Corp., the parent oigani-
agreement of merger,
the
Under
'
share.
com.
,
plan to merge Universal Pictures Co., Inc., into Universal Corp.
by a very large majority at a stockholders' meeting
corporations held June 25 at Wilmington, Del.
Following
special meetings, a copy of the merger agreement was filed with
Dover, Del.
per
$194,297
$1.42
depreciation, Federal income and capital stock taxes and other
deductions.
approved
the Secretary of State at
35,650
Income
•After
both
the
$184,200
152,186
Net ry. oper. income—
$154,343
$200,461
$1.65
—
1940
$356,215
June 12, '43 June 13, '42 June 14, '41 June 17, '40
24 Weeks Ended—
The
of
ry.
1941
$439,858
From Jan. 1—
Net
Earns,
was
Net
railway.—
railway.—187,226
from
_
Inc.—Merger Approved—
Universal Pictures Co.,
from
Net
July 1, 1953, the maturity date of an issue of $524,000 first mort¬
gage
bonds.
The bonds are held by Atlantic Coast Line and the
road has agreed to the extension.
daily
line through which
Western Ry. of Alabama—Earnings—
' 1943
1942
May—
Gross
authority
for
25.
last
since
Commission
f
Coast Line, has asked the
to extend for 10 years
Atlantic
subsidiary of
a
Commerce
to
the last
and
company,
Interstate
Lorain,
the
at
subsidiary,
a
Manufacturing the
this
pipe
The
has
O., pipe mills of the
train loan of the "Big
to its destination along the route of the 1,272-mile
extending
from
Texas to the East Coast, it was
in
Co.,
petroleum
is believed
what
completed
National
*
of
Monday, July 5, 1943
$1.50
share
per
Co.—$1,50 Dividend—
was
paid on the
common
stock
on
.
$304,813
100,000
earnings —$371,894
Net
Dividends paid
Exess of
—200,000
$425,597
$275,597
$2.13
divs.
paid—
$171,894
$204,813
—
over
earns,
—•
$1.86
$1.52
Earnings per share
June
income Account for 9 Months Ended May 31
(Stated in
round
"
'
Assets—
May 23,'43 May 16,'42
/
L__———————
Cash
and
accounts
Inventories
Fixed
V
(net)
;
sales
$5,392,000
Cost of goods
$5,233,000
4,712,000
—.
1941
4,127,000
$3,832,000
3,319,000
sold and expenses—
1,528,850,
subsidiary companies
Net profit from operations—
income
34,000
Total
Total
—
$7,167,657
——
Prov.
for
Fed.
$1,139,000
inc.
on
129,000
576,000
94,000
109,000
358,000
(est.)
1
payable
payable (bank)
Dividend
$179,235
——
taxes
(payable this year)
100,000
358,874
Accrued taxes
(payable next year)
817,965
Accrued
Accruals
and
(miscellaneous)—
reserves
surplus
$1,092,000
297,000
—
$1,033,000
267,000.
$802,000
271,000
$766,000
$531,000
$1.63
699,272
Earned surplus, since Aug. 31, '32
$795,000
Earnings per common share—$0.91
172,562
Comparative Balance Sheet,
299,280
104,526
2,500,000
Cash
Earned
1,960,969
701,334
1,787,826
U.
S.
Treasury tax
701,334
U.
S.
Government bonds_^_
on
contracts—
surplus
Capital surplus
——
Accounts
fltotal
—V.
—L—
—
—
157,
$7,167,657
175.
p.
$6,092,500
Sundry
'
and
The
directors
the
■V?
amount
—V.
declared
payable
1,
a
dividend
of
20
cents
per
share
on
1. to holders of record July 15.
A
Feb. 1, last.
Payments in 1942 were
and April 16 and Aug. 1, 25 cents each.
Aug.
disbursed
was
Feb.
follows:
as
hdve
stock,
common
like
on
20 cents;
Post-war
'Plant
Idle
plant
RR.—Earnings—
1943
railway
from
from
ry.
Deferred
-
railway.
oper.
from
Net
from
Net
ry.
—V.
income—
railway—
railwav
oper.
157,
p.
charges
Patents
(less
1,595,000
11,000
—a
19,000
25,000
_—
—„
Road
1941
3,343,251
1942
$6,321,657
2.398.612
$4,716,818
1,466,589
1,027,982
793,866
728,929
$7,947,650
1940
$3,604,342
741,324
183,040
income—
2056.
38,513,508
27,815,379
22,365,663
18,450,251
16,."6.^«5
9.753,654
6,684,648
3,829,828
4,923,448
3,589,057.
3,504,832
996,404
;•
Prevision
Capital
for
Federal
stock
Capital
surplus
Earned
surplus
(par
35,000
13,000
9,000
not
241,000
56,000
—
.
accruals.
income
$4,887,000
—
:
$1,478,828
$1,735,288
Dr9,075
012,199
Drl54,450
Drl49,977
Drl52,195
income
$313,248
$367,988
05,080
Cr3,936
$1,341,050
% O2I.048
$1,428,643
OH.931
$318,327
$371,925
$1,362,097
$1,440,574
11,342
14,443
58,112
I,; 72,617
$306,935
$357,481
$1,303,985
$1,367,956
2,179
13,485
28,337
25,189
141,686
net—
fixed
taxes
.
•
$229,000
378,000
1932—
•Less
—
Feb.
•
reserve
for
in 1942.—V. 157, p.
depreciation
1472.
of
$2,074,000 in
i
>
■
i
of
deprec.)
26,199
deprec.—
not
include
interest
130,762
being
accrued
on
corporate
books
but
1
after
declared
have
a
'dividend
of
$1.75
per
share
on
accumulations
on
the 7%
first preferred stock, payable
of record July 15.
A like amount was paid on
and May 1, last, and in each quarter during 1942.
Arrearages,
payment of the current dividend, will amount to $38 50 per-
of
to
share.—V.
holders
157,
p.
2460.
$5,010,000
1943
'
and
$2,038,000
Woolworth & Co., Ltd.—Smaller Dividend—
(F. W.)
766,000
__
j—
—
excess
directors
1
An
been
Total
defense
(in
Wood, Alexander & James, Ltd.—Accrued Dividend—•
The
771,000
795,000
$4,887,000
31,
amortiza¬
road
2,653,000
775,000
Aug.
chgs.
591,000
.2,635,000
—
.v
being paid currently.—V, 157, p. 2260.
account
$5,010,000
.
$304,000
,
—
since
486,774
1,123,000
241,000
}.
$10)—
$407,924
248,738
-
Dr30,862
prop,
•Does
—'
?
1,086,000
1—.—I
and
509,474
$322,010
fixed
normal
on
——„
/
payable
587,403
106,734
25,000
11,000
amortization)
——
Accounts
31,117
93,693
Dr32,636
of
tion
Equip,
1,302,000
——
;
183,891
——
projects
867,000
accounts—
Liabilities—
From January 1—
Gross
(less
$2,470,799
Cr23,873
for
tlncludes
—
674,000
advances
excess profits
tax
(excl. idle plant), net
res, for deprec.),
and loss
equip,
$2,575,705
charges
after
Aug.
May—
Net
and
employees' notes and
disposal
Total
Wabash
Net
(less reserve) —"
refund,of
&
1942
468,000
250,000
;
and
$545,777
;
oper.
avail,
•Fixed
$628,000
—
receivable
5,171,531
$599,594
$7,642,330
rents-
income
Inc.
480.
157, p.
Gross
notes
investments
Officers'
Vertientes-Camaguey Sugar Co.—20-Cent Dividend—
1943
326,000
notes
Inventories
5,568,862
taxes
equipment—.
ry.
Net
$892,000
hand and demand deposits.
on
1943—5 Mos.—1942
•
$8,144,567
1
facility
Net
459,000
31
May
Assets—
69,098
—,r
paid
$1,643,264
1,097,488
taxes—
charges
2,500,000
deposits
with $3.50
156, p. 2312.
$1.27
$57,882
Dividends paid in cash
Capital stock (200,000 no par shares)
Customers'
compares
$343,000
851,000
$434,000
599,000
$241,000
250,000
,
payable
of
Other
Total
This
1943—Month—1942
revenues
income
after
Net
Hire
Joint
income
19.
1,142,153
taxes
Other
$546,000
115,000
»
taxes
railway
Federal
$6,092,500
LiabilitiesNotes
$513,000
33,000
$714,000
Other deductions
Net
62,387
income
Earned surplus, begin.,of fiscal year
Current accounts
$1,106,000
33,000
$680,000
Other
June
$1,741,747
revenues
fTotal expenses
Net
1,266,386
2,048.336
264,548
208,203
225,379
208,203
Post-war refund of excess profits tax—
•
Total
376,908
1,995,467'
-
—
in
924,145
40,300
•'
Other assets
Investments
v
512,036
180,100
1,370,416
—
__
Period End. May 31—
1942
$963,674
———
receivable;
assets
$1,084,819
——;
U. S. Government obligations
U. S, Treasury tax notes——
Notes
Net
record
Wisconsin Central Ry.—Earnings—
thousands)
1943
Comparative Balance Sheet
of
22^ ^81, and. $1.50 on June 30, 1942.—V.
Wilson-Jones Co.—Earnings-
•Computed on tax rates in effect as of statement dates, o
holdefs
to
Dec.
on
150,000
30
For
declared
the
March
on
year
dividends:
ion
dividend
interim
An
1,
the
of
10%
ordinary
ended Dec.
intern
of
31,
20%
for
the year
ending Dec. 31,
stock, par 5s.
registered
1942,
on
the
Aug.
company
15,
1943i—V. 156, p..88; V. 155,
p.
1942,
512.
paid
and
a
the
1943,
has
following
final
of
30%
@FedFRASER