The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
ADM BUS. !' ■I'lJ'iA'i ■ -V 'X *X '•/; *l ,».: -i. "7"""^*"//>• ./** -JI^' V ■ - Y-'^ >ixf-c3 ^ '-'■ V ^ i': //('' Volume .164; Number 4505 f.r v.^.y'.:._,.;'A" ,V"'^/'X•/-.^ "!*' C - ** ** • Reg- U- S" Pat' °fflce New York, N. Y., Monday, July 8J 19467" Price 60 Cents Copy f/;t a Ej v;i>...^i;..';/-y// RAILROAD PUBtlO UTR,IT11 INDUSTRIAL/£ INSURANCE MISCELLANEOUS - r.rv# ; Akron Canton & Toungstown RR .-" May-i Gross Net railway- $268,269 $394,106 -f,940 111,678 *19,970 46,849 railway- Net ry/oper. income.:-- -' From Jan. 1—« Gross from X 1945 1946 : from from ^ ■ , railway-/:-". 1,561,374 Ne^!from railway,Net ry. oper. Income—" 81,576 163,ip.:3125;; 'r*poocit>--yi '758,405 321,908 lpl,944y/ - ,- 2,102,508; 268,095- . Alex, Brown-& Sonsl—'-/ 13,950 7*7,296 . railway Net from railway Net ry. income— oper. $1,704,863 >509,095 ' *65,937w ' ..... From jan. i— Gross from railway-'— Piper,. Jaffray 7;-.;7;;,77:x-t 7.77i $1,037,693 "4,752 Sc Newhard, & •I. 6,300 4,500 Co. Co. .3,600 i M. & — . - ' Simon &• Co Neither' the 3,600 —— Co—! other maximum'of five A-, Co.— 13, u of 176,019 218,703' • Gros^ *V ia ay— v Gross Net from from Net ry. ' * . 1946 >'■ income—• 78,287 / "274,404 Prom Jan. 1— 4,622,251' /X' 1,093,508 railway from railway— Net ry, oper, income-! 12,070,722 Net 569,053 ♦ 1944 1943 $3,337,011 r $3,128,976 1,042,988 1,173,149 v 426,772 i v 450,410 ~ $3,139,446' . 16,061,703 * 15153.840 15,182,144 ^5,429.274 > 4^4,252 > 6,278.573t Baltimore Stock Exchange Boston Stock Exchan|fff!.— ^ American Investment Co. of Illinois—Preference Stock; Offered—Alex. Brown & Sons headed a group of under-:/ Writers that offered The 5% convertible preference stock is entitled to dividends at rate of annum, April, Junior* to cumulative to are be retired > prefeiied stock, the outstanding shares of Which, but which will rerhain authorized. Convertible prior/X i 179 its stock $50 at company called for presently outstanding 5% Each share share, per of the 5% plus redemption cumulative dividends June convertible preferred' dhte'fixed to cumulative convertible stock was 1946, 52,852 shares of the preferred stock were out-/ ' Assuming that' none of such shares were converted into com- X. stock prior to the close of business on June 18, 1946, the aggre-' gate redemption price to be paid by the company (exclusive'of hecrued dividends) will be $2,642,600. Company proposes to obtain from of Some of New York, them, Bank of short-termm Manhattan loans not Co., in in excess of that the net the amount proceeds of the shares 186 of/ excess Reserve Banks —'—MM*—. /> now —— 1, ^ to to carry on their sinking fund debs., due' >1951_^//'/_^//;//////L//^>. Short term <?um,ulative notes & commercial preferred : - offered t stock paper. stock ($25 - - ; ^'-- . $4,000,000 10,670,000 X'-r-r None1, y/ . ..... 181*727 UNDERWRITERS—The and not jointly, to several purchase shs l,031.9i03/4 shs" * "272,590% shares reserved for issuance upon conversion of 5% vertible "stock. x ;;v X". '/y// •/■*., [ •* - Sales time unfilled contract war orders on hand totalled appro*- con¬ " underwriters have agreed severally from the company the 90,000 shares of 152,500 186 ' the in I < 187 until , f facilities Dec. were issued and sold for cash. * , which were v •«. . of a major acquired for ; MUNICIPAL DEPARTMENT 1952.' Interest at the rate of 2% per annum will bn amounts borrowed* with a commitment commission payabla portion of the credit at the rate of % of 1% per unused .It is anticipated that borrowings will be made under & , operations of the company and its subsidiaries are financed from, (a) consolidated capital and surplus;, j(b) moneys received from, short term >: The f t ' this " 4 BUSINESS—Company, was th , incorporated/in bekware co.',t'and'. similar, names, • arq engaged in the making of manly; under .the. provisions of state -small, lo$n lawa.-^'>: loans, f The on " pri- r;r'//'rX: borrowings against lines of credit with banks „(5U^h lines credit, aggregated approximately $14,000,000 on March ,31, 1946); and '(cj moneys'received from the sale of the Company's commercial paper. The use of/bank credit/and commeycial" .. of back , • As of March 31, 1946, approximately 98% of the total . consolidated in and an _ are necessary to take- care of accumulated increase in consumption beyond the normal trend ophthabnie/produc'ts brought oivby/a • greater number made •wearers, in . facilities increased orders ^ paper has provided flexibility in" the financial structure/ enabling the company to" con- " tract and expand its working capital with-'the* requirements-of-the business.,. .All bank loans are made to the cqmpany and are evidenced by ."Unsecured/promissory notes.""r X* f. • y •; *.;»; y X y X "v- "*• ELECTRONICS services the from into conscious and in backlog The of to ofders is consolidated • :"■::/ ;/::/.y/;x; INDUSTRIALS"; * industry. , need, through visual examinations A number of new products resulting Kobbe, Gearhart & . net income for 1945, income after taxes;/ and/yy . i • Established 1932 80 BROAD STREET va HA-nover 2-2600 NEW YORK 4, N. Y. Bell Teletype: NY 1-57S New York Security Dealen Telephone - : * prospectus HUGH Association KEetor 2-3600 STREET, NEW YORK 5 Philadelphia Telephone Enterprise 6015 >/Xy ok request ' . . , 45 NASSAU : ■XINVESTMENT FUND INCORPORATED Members ; ; Company STOCKS, UtC.X.; DIVERSIFIED / Bell Teletype New York 1-57$ . . y'y engineering activities will soon be ready to ga take; up. the capacity jeft'when the temporary * filled. ■' V'y, lX'Xv;/X/VX/:;^'y;'/ NEW YORK //. XX; y of; spectacle >?!>; of., their research and our manufacture / vi-y tx:,f i, Company < this the near future. , '/ ;v'y-.;*/.1'' y/1- > ->;'/.SX:;//y During the war; the company leased approximately 413,000 squara • cAllen yy feet of floor space outside of its own plant. fe The major portion of y space is being relinquished, except for, the ^manufacturing plant comprising 158,000 square Teet owned by the U. S. Navy Department ■which was acquired and rehabilitated for use by the company as lessee in- 1942/' Upon termination of the /war- production lease on'Xy; Aug. 31, 1945; the companY arranged another lease for a further term to expand its postwar ophthalmic operations, on which satisfactory / .y: progress has been made. About one-third of these premises,".Which.X have been retained,- by the Navy Department as a stand-by facility, y// 'is: used for the storage of certain special Government-owned opticalXX manufacturing equipment^; / -,'-y/'XX;/ .;.%:,yr, XX-XXX-X ; • RAILS > *. portion its uso 31, on the agreement in ' ' " stock common war annum. • , production, and a further/substantial equipment modernization program is in progress, In'this connection; a credit agreement has been entered into with certain Rochester and New York banks, wherebyX Xsums up to a total of $6,000,000 will be available to the company ; " of Government-owned payable - shares * 186 ——— Municipal Bonds ; % «/•• - SPECIALIST IN Telephone: - During 1945 the financial foundations,were laid for postwar expanof operations. All-of/ the/47,318' previously outstanding shares' of 5% convertible'preferred stock were retired, and replaced with A new issue of 50,000 shares of 4%: cumulative preferred stock. In addi¬ ©n FLORIDA & NEW JERSEY X / sion of . - Capital Flotations "for,May, 1946— areC Outstandinff" -4H,/ •v $4,000,000 ($50)-i// 160,000 shs.par)——-—300,000 shs. vw,„WWi9, 5%* convertible preference stock-/-;/;/* *//•*? y. Common stock ($1 par)//—"I,800~000 shs.* Preference 163, PP. 2431 and 2990, charged^to capital surplus account. < a ' The company is negotiating for the purchase X; f SSJS funds funds Authorized /Dec. /:■ 206,190 161,370 thereby obtained approximately $3,100,000 additional ; capital, after deducting premiums paid on 5% - convertiblw preferred stock exchanged-and; redeemed, and underwriting commissions,>. and expenses in connection with the financing; These items were /- " 10-year 2%% that tion, 185 ? Federal 'Reserve''System;;'-/_' Auction ft0 * i' ' HISTORY ife outstanding indebtedness, / Aug. 1, 1925.. J subsidiaries of the,.; May 16, 1946, respective businesses. fhriphtprinpsK with with 2,121,820' 962,770 909,367 working Its several wholly-owned subsidiaries, operating, as of 133 offices under names which have' in them as part \/ ■ ;/ , ///; 0f. the name, Public Loam Corp.,. General Public Loan Corp., Public / CAPITAL SECURITIES GIVING-EFFECT TO-PRESENT FINANCING ' v/ Finance Corp! loan Service Corp., Loan ServieO Consumer !Discouht tt-hinh comuanv company 38,973 • The .company 186 " needed for the redemption;ot the!preferred stock, they will be applied to. the general corporate purposes of-, o?e'aC<D?ortioa*or 186 145 193 Condition Statement of Member Banks of Bank -0 $2,500,000 to be used, together with funds from the treasury of the / company (if necessary) to redeem the preferred stock. The net pro- .' ceeds to be realised by .the company, from the sale of the 90,000 shar-es X of preference stock after deduction of expenses of issue (estimated at $35,748) will be applied to the repayment* of the bank loans with any excess being used> to the extent required, to reimburse ' thd • treasury of the company,, ■' V• '-/./ V' X- To the extent 151 __ - Bank or *9,535 " '/.X'. X/ from cancelled contracts. X ! Federal y mon York \ 'V. . 182,307', / 1 ••• '-'X/By reason of these contract cancellations, the Government author- 1 ' fzed a. suspension of maturity and waiver of interest, effective* Sept. 24» 1945," on- $6',61-0,45ft/ principal/ amount " of/ indebtedness under tho \ y *, Regulation V loan agreement of the company. Payments on. account of the suspended loan are being made, as settlements are effected oa * • The Course of Bank CIearings. Foreign Exchange Rates 1/ • standing. qf New 2,331,373 "12,934 . ..remainder will be settled ,'ln the' near-'future. 166 General,Corporation and Investment News_ State and City Bond Offerings and Sales-i.1 Redemption Calls & Sinking Fund Notices Dividends Declared and 'Payable'——1 con- ;/ 13, National 36,542 , imately $19,000,000,. of which' over- $13,500,000 were cancelled* As of Deq. 31,, 1945, ,aIL termination "claims had been filed," of Which $3,?X; 269,257 remained unpaid. /Negotiations have been completed on thw '/major portion of these unpaid claims and it iff anticipated that th* . / Ghase 36,876 At f //, Miscellaneous Features for redemption. preferred any time prior to the close, of business on June 18/ 1946, shares of the commpany's common stock! Any shares so conwere surrendered to the company and will not be redeemed. June 211,717 railway—! X ^ Into 3% At 1943 $425,940 187,287 from . //The -yancellatiqii' of war production contracts following • V-J- Day •;/caused an abrupt change of direction in the operation of/the company*., 28, ,1946,. on vertible, at .verted , 1944 - . PURPOSE—The of 1946 ■ .' ^ all 385,28ft '/ >... ^' '• V ///f Bausch & Lomb Optical Co.—Annual Report M. Herbert Eisenhart, President, states in part as follows: * 180 —___. / 735,131 286,221 i • $515,278 ."Deficit.—V. 180 Stock and Bond Averages. 297,582 X'T/'/ ■ - 2,4.58,292 1,564,737 railway— 2,313,626 Net from railway*.—— i;"> 58,260 r?. 749,342 Net ry. oper. Incomey; 12,062 156,853 Transactions New York Stock Exchange-/— 166 Transactions New York Curb Exchange 166 to Sept. 30, 1950, into il/a shares "of common stock, and thereafter * ,: prior to Sept. 30, 1955, into, 1 share: of common.stock," such" conversion jrlght to terminate, as to any share called for redemption, on the 10th business day prior to redemption date, ' i ,1 ( * " 97,654,< 2,438,085 •572,186 584,747 -" / railway*——.$292,549 From Jan. 1— / Toronto Stock ■■ Exchange^i;;;;i;^;;>S^ 181 Toronto Stock Exchange—Curb Section.—; 183 Over-the-Counter Markets 181 4 62,845 2,536,506 1945 Gross 179 — ' . from Net ry* oper. income— 179 t Montreal Stock Exchangew..J Montreal Curb Exchange.;.—. // cumulative from July 1/ 1946, payable quarterly July and October. Redeemable at any time on or, before Sept. 30, 1950, on- 30 days'; notice at '$27.50 per share and dividends; and thereafter at $25.50 per share and dividends. per Pittsburgh Stock Exchange..! St. Louis Stock Exchange.—_ : 2,451,440 ? $499,186 Net 176 _• 4 Philadelphia Stock Exchange.~ on June 28 the unexchanged por-* ; 90,000 shares, representing 50,586 shares of 5%> convertible preference stock ($25 par)^ at $26 per share./;; $1.25 - May— Gross — iion of January, J-- *189,278 Atlanta & West Point RR.~Earnings-— . 167 171 Chicago Stock Exchange—176 Cincinnati Stock Exchange_/___^; 177 Cleveland Stock Exchange177 Detroit Stock Exchange— 178 Eos Angeles Stock Exchange.! 178 2,187,724 "Deficit.—V. 163, p. 3125/ A _—- 1943 $541,073 122,748 income, "7,252 -//> 83,776 1—';Xy'X'XX?,•*: X:~ railway . 155 i944 $502,232 154,458 / Page New York Stock Exchange (Stocks)— New York /Stock Exchange, (Bonds)New York Curb Exchange , 1,256,515-' 1.042,727y 2 292,044 1 .. from Net from railway—'* ' 270,386 Net ry, oper. income—/ 61,546 -X "Deficit.—V. 163, p. 2990. and Bond Quotations *• . § _ /•'/x - 1945 $559,206 From January Gross 218,504' !; 'vXX "'.y-'X ft/fr'-. 'XXXvX^Xf S? :Xi ■. Gross from " 1945 ' - railway^—1 >. $2,091,843 railway.— oper, railway__^^ i from- railway// . v / 1946 $450,047 20,181 . ( from Net ry. oper.; ; /Deficit,—V. 163, p. 2989. Alton RR.: -Earnings— v May— 9,394,804' 885,051 . output, of, the' electric properties, of this company for th» June 29, 1946 totaled totaled 81,855,000 kwh,, a decrease under the output of 84,642,000 kwh. for the, corresponding of 1945. nf^OdR-iv, 164, p72. V :v-4 .... </// i- • ended Ann Arbor RR.—Earnings— , 1,018,868- 9,330,499 3,848,893 ar» - 3.29% Net *9,394,717. Net from raUWay-_---.y*/y 619,272/f' 3,583,380 Net ry. oper. income— 105,063 780,605 exception of 19 offices that 163, p. 3413,':•••• •"*: Power week x 5,789,754 the month.—V. >r American Witcr Works & Electric Co., Inc.—Output—. 1,800 & with years, rented, from month, to 1,800 Peabody important 1,800 Sempie, -Jacobs & Co., inc. Kidder, company nor any of its subsidiaries owns any plants o't, units. ^Office premises are rented or1 leased for-»* 3,150. 2,700 2,250 Stifel, Nicolaus & Co., Inc. * 4,500 4,500 Cook & <Sc Gardner Northwest .Co.—— i Dempsey-Tegeler. & Co 6,300 Hopwood & Pacific . $2,067,366 728,416 . 7,200 Co & tReinholdt i McDonald 8,100 , 1943 $1,951,952 100,023 Co; Weeks 1,011,026J XI,87ft,158;; ' 694,483 849,139- ■/: Hayden, Miller 355,571 470,53ft, Mitchiim,' Tully Alabama Great* Southern RR.—Earnings— ..'May— i '1946.' " ; 19457*// 1944/7 Gross from Hornblower Bacon, Whippy & Co Central Republic Co. (Inc.) ,* * Laurence M. Marks. & W. LONG •/ and COMPANY INCORPORATED 48 WALL STREET 634 SO. SPRING ST. HEW YORK 5 LOS ANGELES 14 S3 Monday, July 8, 1946 CHRONICLE COMMERCIAL & FINANCIAL THE 146 Itemized in the as on basis, would shares _ renegotiation. An agreement was reached with the Government, for both the years of 1943 and 1944, that profits were not excessive:and, based on prior experience, it is anticipated that the same clearance will be obtained earnings i, , of ,1945, - i , •'. ' , * ^1 .. , Net Manufacturing cos Provfordeprec and - amortization. general prescription service, admin, expenses Selling and ' - charges $2,432,731 293,936 , : taxes profits taxes (net)— Refund of prior years taxes due Excess to of internal- carry-back: provisions Code War contract surplus inventory Accelerated amort, of emerg.facil. Minority int. in net profit of subs. Provision for contingencies^———— $6,724,828 404,157 846,690 1 <„ . •; . >' Net ry. 372,927 • ——— , .—— §82,380 % , f >' 135,705 163,054 189,695 JCr222,927, y 500,000-' 500,000 ; SHEET, DEC. 31 ■' ■ ■ Total . Earned surplus 727,197 816,831 479,444 2991. 80,950,471 104,167i445 24,545,748 46,303,839 11,612,329 13,968,499 railway..:— railway income— from ry. 1944 oper. 1,587,040 Net :ry. Net 308,135 from' railway—— Net from railway.i.— income— From Jan. .1— : 5,000,000 5,732,280 4,086,181 6,556,104 - Net Net ry. income oper. Net ry. 346,309 : • —V. income oper. 163, p. 2991.: Net 499,489 ; r 271,915 101,448 1— '1 railway ry. •35,256 48,003 income— J 284,439 445,739 674,880 17,080 railway 262,004 246,513 188,556 income—- : 379,837 269,836 Canadian National ry. oper. 1— railway From January Net Net ry. oper. 839,709 285,505 L> i ^5 ''''j< railway.. 250,358 $285,000 », $141,200 53,148 *50,219 *17,897 :% *104,258 .j 1945 738,600 163, p. 3129. ,, from Gross Net ♦473,617 * Net ry. from 1,289,905 RR.—Earnings 1943 1944 , • 2,560,067 3,107,641 : From Jan. 1— Gross Net Net ■ from oper. ry. 2,830,476 1,334,837 1,226,847 ^ 790,278 -v 1 967,472 3,144,992 12,711,459 - 759,049 > ' 216,958 railway railway from income—163, p. 3129^ > 2,556,866 * 1,113,285 852,744 12,192,031 12,699,825 \ . 61,885,221 4,933,811 ' *831,927 1946 May— Gross Net Net railway— irom from ry. railway oper. income From Jan. 1— Gross Net Net ry. • ... - •• income... 163, p. 3129. 1945 :r >V';' 1944 \ $118,387.' . $120,153 :^50,548 , ' *54,976 $108,522 "• *92,525 588,802 - • 66,547,915 18,876,379 68,701,956 17,924,747 ' 9,059,331 9,809,447 2,847,030 *172,847 - from Net *352,018 Net - Gross ry. from Net ry. 1945 $3,674,528 $3,286,024 *18,281 1,088,146 969,277 727,447 653,091 railway oper. *213,129 income s ' *140,049 509,508 271,106 V 226,980 11,059,943 2,637,774 1,424,571 11,175,189 10,601,653 from Net 1943 ,200,089 i ry. —V. railway.... . 2,487,605 1,282,884 10,446,585. 38,094 , *1,455,451 . j railway p. Net ry, - 610,047 ■ '450,374 income— 2991. 696,269 I Gross from -railway.;... Net from Net ry. income...' • •; V 1 - # ;• 4,196,332. 761,521 *163,459 163, p. 341$. •Deficit.—V. 17,179,853 13,283,504 railway^.!..—> oper. . ; 2,520,091 - 16,036,442 4,561,600 2,414,447 ,007,710 ,904,726 i . v *854 37,021 1— ' 388,642 42,724 11,431 407,754 68,908 v 17,036 1943 1,020,743 298,291' 641,493 153,313 163,- p. 2992.' $316,223 158,454r 58,480 i,951,143 .1,994,299. 1,066,192 311,926 1,971,634 1,631,556 railway oper. 1,134,455 429,518 ■ ;■■• ,6 Mos. End. .1945 $1,136,578 r 31,733 34,035 ; ;v -11,426 1946' April 30— Income—cash divs.; —$1,019,420 •Net cash proceeds.. 48,821 - •'i'otal* - i -c ^ ^1,102,276 > Expenses ———_ " 241,806 • . 1944 $1,197,845 38,658 .7,005 - $1,179;736 . 211,344 : . 1943, : $1,173,096 32,414: 2.399 $1,243,508 '$1,207,909 :187(606 A .176,587 $860,470 '% $968,392 $1,055,902 $1,031,321" ^.- :tl,450,392 41,444,284 - >1,248,146r 1,250,591 .received as taxable dividend distributions. security profits and losses. tOf which $601,644 was charged arising from sales of investments in 1946 and $467,532 in; tNet income :i946.. 1945 470,670 258,381 2,359,172 1,920,822 $3,254,256 -1,290,754 ' 412,529 15,052,100 5,443,651 1,296,941 , 1,202,907 390,321 11,405,324 1943 1944 $3,219,798 • ; > : sales of securities "itExcluding $3,124,471 1,510,049 1. 548,264 »From ■ to surplus 1945. NOTE—No provision has been made for Federal taxes on income, has any deduction for such taxes been made from the amount of unrealized appreciation. 'As long as the present provisions re¬ lating to regulated investment companies are in the Internal Revenue Code it is the intention of the corporation to qualify as such and to make distributions of income and security profits in the form of divi¬ dends so as to relieve' it from all or substantially all Federal income V nor _ . 16,003,488 6,689,166 .2,137,015 15,170,071 7,423,708 2,402,386 I Output— • net ' taxes. . ' 36,917 : Dividend Shares, Inct—Earnings— , ' 1,921,782 Ry^ -Earns.. Commonwealth & Southern Corp.—Weekly kilowatt-hour output of electric energy of subsidiaries of this corporation adjusted to show general business conditions of territory served, for the week ended June 27,' 1946 amounted 'tor .250,409,598 as compared with 251,984,402 for the corresponding week in 1945, a decrease of 1,574,804 or 0.62%.—V, 164, p. 6. The ,478,122 y 97,223 Interest i ,164,422 From Jan. 1— 9,151 3,722 Dividends declared $2,216,980 : income. railway- oper. 163, 1943 $97,327 16,800 1,082 $84,199 V 395,793 49i4,668 railway—. income— Net from 2,855,672 *374,622 income... oper. 464,062 1944 . $76,771 •1,864 *9,597 - $2,141,670 429,540 railway—„ from Net 1944 1946 $2,283,757 railway from Net 1944 $2,151,141- From Jan. 1— Ry.—Earnings— Central of Georgia •" 1945 $2,235,790 * Gross May— 1946 ■' * : from 1945 • $99,520 17,456 ;> 3,845 ;; railway.... from Gross 22,125,110 "12,291,397 —V. - . railway....— •'May—' Gross 1946 ; railway.... From January 62,773,310 $1,840,622 railway.. — Net ry.. oper. 395,079 t ■ Omaha Ry^- Earnings 1 1943 Cincinnati New Orleans & Texas Pacific '':K; . •Deficit.—V. from 366.388 161,699 May— Gross from |*Deficit.^-y.'l63,.p. 3130.\.;..-;l5 *35,799 ; 575,883 . • 585,455 *308,585- ^ *256,718 *549,451 *456,766 ' " *94,452 653,040 *402,967*653,954 • *74,361 *; •; ■ railway oper.. . . $138,925. § : *79,450 ' ; *125,069 railway from from — * ' from-railwayl—.— Net ry. oper. ihbome.— From Jan. 1— f ; Net 1943 1,298,559 ; - $13,327,586 4,996,607 2,206,000 •Net' Yermont—Earnings— Canadian Pacific Lines in 1,357,212 270,983 355,833 , 4 : Detroit & Toledo Shore Line, RR*—Earnings-^• 1946 -•;■-■ :■ 1945;•• - -1944 • $248,676.$340,890 $323,711 .. railway 74,711 142,948 142,258 Net from railway 8,039 51,794 53,358 Net ry. oper. income 1943 2,002,495 *397,879 -May— >•••••. .• ••: • -1. •'•• • -••'•: •'• from railway.. from 90,597 'V* 1,226,917 234,775 1,236,608 100,106, - * income—1'. ■' •Deficit.—V. 163, p, 3132. Chicago St. Paiil Minneapolis & Gross railway;Jt, Net from railway. Net ry. oper, income. " January 1— railway from Gross 23,983,893 $13,858,481 4,008,000 Gross •Deficit.—V. 63,106 Net from railway Net ry. oper. income... *Deficit;—V. 163, p. 3130. ■ 67,431 1945 - Detroit & Mackinac Ry.—Earnings- . ; ,74,639 Net from.railway..^.Liv/' Net ry. oper. Gross from 86,585,559 35,233,322 Western Ry.—Earnings— 1946 194$ • 1944 from railway.— Net ry. oper. income—".:' - $250,215 43,479 income—20,376 oper, ■May— $17,672,899 6,681,151 5,084,064 $18,456,264 5,135,349 90,315,402 27,333,535 Net <• $259,740 .... •Deficit.—V. 163, p. 3132. $11,274,711 $14,800,042 613,383 4,364,309 railway railway from Gross Canadian Pacific Lines in Maine—Earnings— 1943 1945 •' • • 1944 : May— : : t '.-v^ 1946 $563,630 $465,430 v $624,440 Gross from railway $366,356 278,107 24L905; : 187,599 Net from railway...—2,541 '221,517 ; - 140,580 > 131,716 Net ry. oper. income—^ y.r *84,205.' 1943 $255,423 45,792 1946 Gross from.; ;v " 2,353,278 oper; income—- From .V- 1944 $174,943 *1,987 railway railway from Net fy. 1,424,966 . , Chicago & North *202,016 ' 7.054,147 From Jan. X— railway May— v* 985,700 795,500 ict *81,257 ^ *173,647 j *384,200 *. *464,485 904,100 *253,443 *560,009 Gross '5,496,806 93,604,063 25,092,240 •Deficit.—V. 163, p. 3415. *119,866 income oper. Net from ,2,078,004 77,993,263 6,505,898 Net ry. oper. income. $152,300 *61,040 27,918,100 12,320,857 6,358,647 Denver & Salt Lake Ry^-EarningSr- 365,674 *2,104,609 income From Jan. 1— Gross from railway from $ 1,584,454 28,320,556 9,278,797 11,712,067 5,574,448 801,891 Ma'y— 1943 $1,087,332 St, Paul & Pacific 1946 from Net 199,429 . $5,975,364 2,748,538 2,077,251 1,747,096 •Deficit.—V. 163, p. 3132. 5,757,544 2,104,044 5,456,647 7 $13,581,166 $19,465,671 *709,721 4,675,084 railway Net ry. oper. ' - income—. •Deficit.—V. ... Chicago Milwaukee England—Earnings- . from from railway— Gross V.i'*"< ■■ railway—^ 3,972,146 ^ May— from ' 30,889,370 20,079,217 2,399,177 from Net ry. 421,073 460,832 1,042,767 24,600 Income... 3,508,563 1,411,739 railway—^ railway..— Net from railway——. 2,662,476 1,150,823 266,857 $1,037,833 312,822 1,831,332 Net $147,800 *54,024 *110,516 railway railway income, j- from Net v 278.340 40,621 10,727 *282,018 $5,892,812 $7,433,224 railway..—— From Jan. 1—- ' 1944 $1,204,632 1945 $763,637 18,230 $FromJapri—— ■ Western RR.—Earnings— 1945' 1944 1943 1946 . $3,459,389 Net ry; oper. Earnings— Louisville Ry. 1946 railway.: ' 3129; railway from ; from Net from 69,463 937,764 > 1,132,163 394,877 397,115 110,131 7T£opei£-;^c9rte^ - $492,180 . Lines in New from Net p. Gross •153,059 2,890,497 2,697,970 1,910,612 265,323 : $150,571 811,513 • an May— 1943 88,853 Net ry; oper. income ' *365,108 •Deficit.—V. 163. p. 3280. ;' i •Deficit.—V. 163, p. 3129. Gross Net 1; 1943 : 4,689,893 . Gross railway. from Net ; 476,586 . by will Dayton Power & Light Co.—Transfer Agent— the National, Citx .Bank of New .York has. been, appointed, transfer agent for 1,530,000 shares of common stock.—V. 163, p. 3282. 1,462,333 Xhk\ >< '• -•. •' 99,306 . from Gross railway oper, May— 1,253,156 $160,018 68,879 53,138 $124,608 i ■ 37,103 ' $2,304 shareholders, stockholders written 12,260,022 $678,356 318,520 Chicaga Indianapolis & 71,968 a 163; :*Deflcit.—V. 116,803 378,502 199,130 1944 ' y 1945 1946 from from Net v. ♦75,415 From Jan. 1— Gross f RR.—Earnings- railway Net from railway— Net 3,676,872 1,221,209 to offering certain 995,196 298,161 . railway incomer.. from Gross May— from oper. 12,826,425 4,143,978 1,402,331 $558,769 199,470 income— oper. from Gross " Gross ry. 12,639,521 *5,181 front railway ry. From January Net from ': Cambria & Indiana Net 288,483 876,990 . $322,578 29,543 railway from Net ;r - 260,622 / ■* as well as 75,000 new shares, which offer for sale to the public, will be under¬ investment group headed by Emanuel Deetjen & Co., Mr. Rosenberger said.—V. 164, p. 6. * ■; '•"t iy ii,' j 3 % J * • 'j.y 1 The $2,636,851 860,801 Midland Ry.—Earnings— ' 1946 1945 1944 May— Gross 1943 1^081,720 1,279,536 1,297,636 railway.. Canada.- 1943 $2,501,835 . one, Denver & Eio Graiide Gross railway from from 1,955,104 . Chicago Si Illinois v $287,315 $217,516 62,140 18,334 outstanding shares from Chairman, said it was now offered the right to subscribe to 59,814 new common shares at the rate of one share for each seven held, at a price to be determined later. The proceeds of the sale will be used to reimburse the company for money used in expanding plants In Providence, R. I., and Toronto, for three to 418,701. Carl Roserberger, contemplated that stockholders will be 5,249,256 1944 Approved— 25 voted to increase the authorized com¬ to 500,000 and to split up the increasing the number of issued 229,567 from shares 139,567 13,235,579 $2,646,920 a Net ry. oper. income— *647,243 •De£iclt.^-V.. 163, p. 3129* < 2,776,234 6,082,195 From Jan. 1— Gross Net Ry.—Earnings1945 11,041,215 railway-^^i-i ' 983,982 Net from 4,207~280 ' 1944 1945 ' $317,439 144,477 93,163 46,516 1,289 railway.. from 1,274,541 railway from Gross 41,176 1,137,566 45,667 Coro; Inc.—Split-Up of Shares The stockholders on June mon stock 14,269,253 4,372,932 1,620,159 3,826,578 1946 $1,856,583 158,884 *77,530 Gross 4,731,800 - • ■ $2,747,335 1,056,400 321,208 951,546 13,244,743 *1,347,385 Chicago Great Western „ 4 1,839,693 Burlington-Rock Island RR.—Earnings— ; ■' t i;'V 9,475,548 *25,654 income— Net ry. oper. 1,203,190 363,688 Net ry. oper: 1946 • •Deficit.—V. 163, p. 3129. 1,391,732 3,603,220 1,653,677 275,377 1— railway railway oper. ry. Net $257,835 ' V ' ' 649,565 901,820 1944 $3,062,955 income, oper. from Net 163, p. 461., railway ; • -1943 1945 from Gross $34,393,719 $39,601,748 May— from 20,774,092 0'/' / *318,068 railway From January . Gross •' $2,979,144 1,057,479 1946 from Net 1,871,287 444,625 Total * 37,810,995 11,040,366 $1,580,167 *32,757 railway from — —.— 82,914,035 39,390,127 Illinois RR.—Earnings- Chicago & Eastern May— $6,875,000 $11,270,000 5 96,105,388 164, p. 5. Gross ;• r , . Brooklyn, and 179 In Queens. Up to the morning of June 28,: 18 banks and one finance company had agreed to participate in the time payment plan. Others have signified their intention to join the program. Those registered include: Bankers Trust Co., Bayside National Bank, Boulevard Bank, Bronx County Trust Co., Brooklyn Trust Co., Central" Hanover Bank & Trust Co., Chase National Bank, Flushing National Bank, Industrial Bank of Commerce, Irving Trust Co., Jamaica National Bank, Manufacturers Trust Co., National City Bank of New York, New York Trust Co^ Peoples National Bank of Brooklyn, Public National Bank & Trust Co., Sterling National Bank & Trust Co., United National Bank of Long Island and Bankers Commercial Corp; * , In all cases the dealer will exercise free choice of the particular financial institution he wishes to do business with.—V. 164, p. 6. Qulncy RR. -Earnings— railway May— contingencies Credits to employees under stock purchase plans of subsidiary companies — — Minority interest in subsidiary companies—... 5% convertible preferred stock (par $100) 4% preferred stock (par $100)—^—u—. Common stock (par $10) — — Capital surplus .— 1,923,220 1,988,316 1,826,513 383,585 Net : for Reserves Vice-President in charge of ^ ;X' ■[ 15, the time payment program is designed to function at an average annual finance charge of $4.88 per $100. It will be available at any of the Consolidated Edison showrooms or at any of the company's Cooperating Appliance Dealers^ stores, of which there are 224 in Manhattan, 131 in the Bronx, 277 in Ephraim F. Jeffe, f':. ' General Brigadier by sales. ■ 512,022 Net $34,393,719 $39,601,748 -.s—— ■:LIABILITIES—-: ■H' ' Notes payable to banks..—:-—.—————— Accounts payable —.— Federal withholding tax and credits to employ¬ ees under war bond purchase plans :—. Accrued salaries, wages, commissions, taxes, etc. Prov. for est. Fed. inc. and excess profits taxes 88,083 239,219 from Gross • ! 156,051 90,229 Scheduled to go into effect on July From Jan. 1— , $2,855,345 $5,481,760 655,800 207,100 Notes 6,251,563 5,408,212 Inventories 15,718,734 18,850,645 Claims for refund of Feci, excess profits taxes792,497 — Investments in and advs. to sub. cos. (foreign) 356,585 322,122': Post-war refund of Fed. excess profits tax 645,830 1,066,654 Other assets «£— 413,978 384,710 Capital assets (net)———--——-—.. •. 6,252,350 7,415,345 Patents, less amortizations——— 11,498 18,850 Deferred charges to operations-:—439,539 446,350 banks and on hand——1—————— Government securities and accounts receivable (net) $432,186 164,329 1944 1943 1946 1945 ' $13,080,658 $22,167,331 $19,695,241 $16,317,570 7,313,112 9,652,826 2,326,420 . 9,455,009 Net from railway. 2,088,029 5,150,009 755,789 2,641,413 Net ry. oper. income— Cash in S. $422,367 , 1945 U. a return to time payment buying by the public, this has arranged a new standard finance plan for the purchase electric appliances and equipment by its customers through authorized appliance dealers, according to an announcement on July 1 •19,473 May— from _ " Buying— Anticipating •137,485 Gross Inc.—Output—^ of gas and 1,461,685 p. - company railway- 163, 7.7 , Offers Standard Plan of Instalment 1943 "' '1945 1 $362,590 86,422 45,699 -5.9 <>>■:. of 3.6%. Carolina Ry.- -Earnings— Chicago Burlington & —V. CONSOLIDATED BALANCE income— •Deficit.—V. tax refunds.. claims for 907,440 469,817 • *43,765 Net- from • - _ 314,966 railway-*—J oper; income-— Gross from ( —- —— ... 786,857 From Jan. 1—. $1,192,743 $1,089,717 $1,537,029 226,324 236,590 236,590 Common dividends : 496,978 . 420,728 • 420,728 Earnings per common share.:— $1.69 t$2.03 ; $3.09, -•Based on 573,228 shares outstanding at Dec. 31, 1945. vfBased on 420,728 shares outstanding. tPortion used- to absorb.>war ..contract surplus' inventory. § Applicable to prior years ($663,284},' less related year—i for Profit railway——— Net ry.; oper.,; 3,618,380 1*8,979 *44,203 ' 1.5 •' 183,875.000 188,163,000 186,360,000 172,045,000 „„ July 3 announced' that system output of . electricity (electricity generated and purchased) for the week ended June 30, 1946, amounted to -133,000,000 kwh., compared with 171,600,000 kwh. for the corresponding week of 1945, an increase of 6.6%. Local dis¬ tribution of electricity amounted to 175,000,000 kwh., compared with 169,000,000 kwh. for the corresponding week of last year, an increase 3,624.904 378,513 $267,403 *21,064 railway from from Net 88,806 3,443,984 ■ — % Decrease 3.0 The company on " 1946 May— ' Gross 885,267 r Preferred dividends 7"';; 163, p. 2991. 188,162,000 Consolidated Edison Co. of New York, > 225,853 3,646,113 *535,191 Charleston & Western ' > > incomes— •Deficit.—V. X 421,186 3,721,210 Cr211,593 Revenue ' 1943 $816,152 3,671 3,092,519 *26,400 railway Net ry, operv ' 1944 $724,800 '171,285 , railway—.—_ from Net 1945 . 182,596,000 181,198,000 177,123,000 — p..6. 1946 ' ; 8—.—.— —V. 164, $690,799 108,785 , January, 1— from Gross $7,151,557 - oper* ry. From $6,940,091 211,466 ; i 146,979 —i ^ ; ^ r - 13,834,701 $6,467,944 256,884 $2,161,944 270,787 Total income Other - 14,500,414 >14,973,098 > —— Other income Income - • profit Gross Net $60,183,710 $59,327,734 35 648.579; 37,671,725 37,654,750 1,332,259 1,070,943- - 898,192 1 from June 22 y comparisdns with last year:. June 29:.————i'— •.■June * :A * ;1943 1944 s 1945 26,265,378 7,631,686 3,006,331 June 15——. k 1946 y? $577,513 1 *12,840 income— „, *113,771, < 1 *, railway—Net from railway——* May— Gross are Week Ended- Inci—-Earnings- Central "Vermont Ry., discts._ $53,643,196 allow. & ret'ns less Sales Following m&l •Deficit.—V; 163, p. 3129. " ■ 1,771,906 2,722,070- *1,270,541 income— oper. ry. 3% * decrease from the corresponding period last year. the kilowatt-hour output totals of the past four weeks a and percentage . of companies, for the week ended June 29, sales to other electric utilities, 1946, showed 865,529 I , 4 INCOME ACCOUNT FOR CALENDAR YEARS •*(Including Subsidiary Companies in U. S. A. and Canada) V\ 1,839,600 - of the Commonwealth Edison group Electricity output excluding - . on the year for y $5,579,193 $3,530,620 $4,779,631; $5,339,548 1,310,620 Net 36,961\. '1,257,326 Net ry." oper: income. ' *480,516 J ;454,760 r J 466,543 : Prom Jan, 1— ' y Gross, from railway 19,137,060 t: 25-012,640 25,387,358 6,793,831 5,855,147 Net from railway™— 1,473,658 railway from railway!-—— from Gross end of the year the 1943 1944 1945 '--1946 May— tne 573,228 shares of common stock outstanding at amounted to $1.69 per share. On a comparative the same -number of shares of common stock . have been $1.51 per share in 1944. \ Earnings on the 420,728 of common stock outstanding, in 1944 were $2.03 per_ share / _ No provision has been made, from income; for 1945 earnings the Commonwealth Edison Co.—-Weekly Output— Central RR. of New Jersey. —Earnings— annexed consolidated statement of profit and loss, amounted to $1,192,743 as compared with $1,089,717 in 1944. After dividends on the preferred stock amounting to $226,324, charges, other weekly f- . BALANCE SHEET AT APRIL 30, 1946 ASSETS—Investments,(market value, $65,024,275), $46,158,121; cash held by Guaranty Trust Co.vof New York, trustee, $2,950,739; receiv-;; able on subscriptions to canital stock, $21,127; dividends receivable and interest accrued, $104,323; total, $49,234,311. l',C v. " " V Volume 164 /Number 4505 |£ ' THE COMMERCIAL & FINANCIAL CHRONICLE1 LIABILITIES—Payable for securities purchased., $11,554; payable for ewu capital stock purchased, $76,825; accounts payable and accrued Elgin Joliet & Eastern Ry.—Earnings— Vv' $13,002; provision for State and miscellaneous taxes, $37,-» ^.478; capital stock (par 25 cents), $9,053,356; capital surplus, $35,324,191; earned surplus, $4,717,905; total, $49,234,311.—V. 162, p. 2816. expenses, Duluth Missabe & Iron Range Ry.•fc May— "Gross from Met from Met ry. .>'■ 1946'' railway $2,860,622 in 1,351,920 1,116,155 railway income oper. From January 1— Gross Met ry. - 1943 : from $5,741,863 3,812,458 3,608,947 $5,047,086 3,404,400 2,926,922 Net 6,932,522 from "Net from Net ry. ry. See 904,312 342,297 1,084,408 from Net ry., railway 111,304 j 'r'v f ' ' .( ' • ' i ' ' 1 Net ry. 1,606,838 117,466 319,015 432,208 224,227 J, 317,354 299,646 Duress Plastics & Chemicals* June 19 on ■ 3,702,090 ♦455,686 1,860,463 the 1943: Ended first six •Gross income Operating a 61,934,965 16,009,777 7,133,845 31— ' , In June weeK oi of the this as as same ————— expenses.......! Net profit Dividends paid. 80,463 48,788 ... „ 47,807 . » ;.. For • the week a $427,573 76,742 49,157 year to Surplus June 20, 1946 the System inputs of client which are subsidiaries of Light Co., Electric Power & Light Corp. and National Power & Light Co., as compared with the corresponding week during 1945 were as follows (in thousands of kilowatt-hours); American Power ' Mr. that $329,568 *. American Power & Light 1946 278,400 ' Co 172,763 166,042 82,036 105,393 4.0 »15.6 6,721 69,211 95,254 Electric Power & Light Corp,Power & Light Co National ♦12,825 *10,139 the week endedyJune 27,* 1946 dividends American . ■ Power 1946 & Light Co.——. Light Corp Electric Power & National Power & 1945 LIABILITIES— Capital stock - 171,753 %' Amount 803 0.5 69,308 76,578 94,730 Light Co.—-— 172,561 103,665 7,270 8,875 Surplus • 9.5 8.6 Undivided '1 Reserve i c. for real for bonds and reserve for stocks and 1,410,926 always alphabetical nof : orderi However$ they are always as near position alphabetical Total possibla. as — 93,973 2,349,648 T. Albert holders, ?. Potter, President, stated in the in substance: ? 81st Total sales for 1945 were only slightly below the top was a remarkable accomplishment since virtually contracts, sufficient to keep facilities at capacity 12 months, were canceled shortly after y-jJ Day. This corporation has embarked acquired in Lincoln, on expansion an contem¬ months, production facilities to meet the indicated market demand. will continue its reserve fund of $450,000 for con¬ tingencies arising from war conditions until all contract terminations have corporation been settled, and full effects of reconversion have been estab¬ Renegotiation for. 1944: has been: completed and approved lished^ without .We further; refund. feel there Is no > revision of 1945 profits. any Slue to renegotiation. Calendar Years— 1945 1944 Net income ——' $2,600,562' $2,983,456 Provision for Federal taxes .on income— *1,550,000 •2,010,000 1943 1942 $3,265,176 $3,048,627 2,125,000 1,925,000 $1,140,176 $1,123,627 . . Met profit ~ Net ry. $1,050,562 - Dlvs. declared & paid— $973,456 800,000 800,000 $340,176 $323,627 tReserves appropriated. 86,247 surplus Earned surplus, Jan. 1 surplus Dec. 31 Earnings per share— •Includes Federal profits ASSETS— The $2.85. $2.81 (less reserve) Accts. & (less SHEET, DEC. 31 ^ notes ' 7,377,737 • Est. - postwar tax refund assets Capital » & assets preciation 1942 $1,585,698 . ' <■>'■. . $2,470,781 In — \ (less > 5,019,833 3,569,418 2,822,991 2,861,524 2,346,080 7,951,299 8,821,188 284,000 9,216,115 I 437,500 77,020 3,975,102 Total 145,000 79,700 435,062 INABILITIES— Accts. • pay. liabilities & . accrued 3,694,001 Federal, State and local taxes General Res. for accrued r . - 3,989,583 connection each ^ $2,661,770 - 3,246,412 1,500,000 $3,089,805 , . The (par $15) surplus Earned surplus Capital stock Capital 450,000 * 6,000,000 4,000,000 5,868,972 450,000 6,000,000 4,000,000 5,618,410 V 2,790,164 1,500,000 2,490,738 of the -v 6,000,000 The Steel 5,104,779 —V. 163, p. 3283. oper. : "to 27,421 7,443 611 . 4,647 . 312 24,408 679 6,212. ; 13,783 89,738 263,290 } 1945 1944 1943 $936,823 $941,635 352,257 393,457 199,497 310,634 352,363 4,044,357 1,025,252 852,928 4,343,982 1,544,888 4,525,671 1,354,968 1,790,896 & Florida 2,042,357 Ry.—Earnings1945 1944 $541,665 196,777 $607,062 i 250,572 income—,*11,348 63,142 1— ; railway—— railway ;•/ 2,417,511 . > 154,932 . •.. u , $661,287 338,728 63,198 3,110,932 1,139,071 <>*-1,130,101 . 341,656 : ?> 293,775 • - 108,171 , . 1,558,399 437,555 ' ' v 'i-A i1,.1 t •rl.879,338 2,858,630 489,585 , ■t 5; 1943 It^v-o '• 1 %•>/, M , Great Northern Ry.—Earnings— ; May— Gross • ■ 1946 1945 1944 1943 ;.>..■■.••• $12,288,897 $18,876,327 $17,678,550 $15,526,207 2,353,113 6,917,859 6,126,570 6,832,585 1,215,449 2,440,145 2,161,239 2,635,693 ■ > from Net Net ry. railway railway..— from Gross oper. Income.. the formally the steel Parkersburg will The produce Co., Follansbee announced production Steel motor who Co. railway. Net from railway—— and that .it has equipment will have plant has an annual potential capacity of 36,000 tons electrical Sheets.—V. 162, p. 2941; p. 163, p. 3134. railway January 1— Gross from railway Net from railway— ry. oper. $1,404,376 27,966 *68,362 415,383 ; of hot . 163, p. The proposed In of Corp. Total income .... 280,119 $2,457,159 209,143 / . been ^ .• Loss (net) Federal 19,057 income : Net disposition of and business Net , surplus, • J*. of on common Earned surplus at 300,000 200,000 $1,174,847 985,552 Drl25,571 $1,062,898 $5,639,862 $4,334,999 351,527 shares. end < 504,666 ■ 410,139 390,924 475,346 506,108 464,512 of ■ 241,953 Cash S. —v Treasury certificates in and notes and advs. and tax notes.-— receivable — Postwar associated ■ Corp. "it is and Fed. Joint statement on June 21, Benjamin Abrams, Emerson Presi¬ dent, and A. Blumenkrantz, head of General Instrument, said: v 3,673,425 profits taxes....;.. 6,67.9,069 > 240,259 1,103,821 .'fi't. 27,895 56,000 6,902,814 — a , — Total : 559,114 • 1 637,885 $24,933,305 $25,327,865 ' The Commercial and Financial Chronicle (Reg. U. S. Patent Office) William B. Dana Company, Publishers, 25 Park Place, New York 8, N. Y., REcstor 2-9570. Herbert D. Seibert, Editor and jWUliam Dana Seibert, President; William D. Riggs, Business Publisher; 'offices: 135 8. La Salle St., Chicago 3, HI. (Telephone: State Manager.. Published twice a week [every Thursday (general news and advertising issue) with a statistical issue on Monday], Other 0613); 1 Drapers' Gardens, London, E. C., England, c/o Edwards & Smith. Copyright 1946 by William B. Dana as second-class matter February 25, 1942, at the Company. Reentered 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, Mexioo and Cuba, $29.50 per year; Great Britain, Continental Europe (except Spain), Asia, Australia and Africa, $31.00 per yea* MOTE: On account of the fluctuations in the rates of exchange, remittances for foreign subscriptions and advertisements must be made In New York funds. - 25,405 in Deferred charges - excess 240,233 112,113 36,181 1944 $4,955,317 1,051,379 Shanghai, Hongkong and Manila—,,J'1 fLand, buildings, machinery and equip., etc... 6,372,101 Intangible assets ; 1 tAssets inad¬ of 1,283,821 3,668,732 | , "t'""' $4,568,539 companies— — refund 1945 , 1 .fe(7,567,066 — to • retirement.'- . „ DEC. 31 ^ ASSETS—:a Invest, because ■ CONSOLIDATED BALANCE SHEET, •Accounts Phonograph .3,272,101 : $6,051,813 ... Inventories & 200,000 $1,188,469 year$5,194,178 $4,754,476 $3,479,563 per common share t$2.19 : ; t$2.55 $2.75 deducting in respect of 1944, $16,000 postwar refund and in $2,000 postwar refund and $63,000, credit for 1,337,397 .;\;-s >•:-v. V $2,160,399 3,479,563 -"T, ' Earnings 2,647,489 ■ 585,000 $1,297,337 4,754,476 year. V — Dividends.on preferred shares. Dividends 144,000 100,000 720,000 261,518 beginning f 51,284 , 828,000 assets ; Total surplus" 78~264 .. $1,035,818 • ——— profit Earned 60,667 26,793 —*1— profit on $2,832,213 6,038 50,876 900,000 ... taxes— Provision for contingencies....—— ■ . " — •Federal excess profits taxes 5,538,191 abandoned $2,622,038 210,174 $2,484,815 53,667 10,194 sale & demolition of plant on assets 6,147,048 Radio '•./; , 29,172,887 41,214 investments Due from officers and employees Emerson ^1943-t va $2,105,415 379,401 $2,177,040 ... Other deductions Other has 1944 34,042,380 Interest on debentures—..——.—. Premium, etc., on redempt; Of debs.' Minority interest in subsidiary com¬ panies' earnings — .———— $1,117,551 .;. Corp.—Merger Abandoned— /•■•.'.r--a CALENDAR YEARS ; 1945 tOn average number of shares outstanding., * 2993.- merger Instrument 9,717,725 , 1943 1,739,058 ,' i — 2,308,641 841,226 :* 1,141,025 6,432,035 u. *41,959 General Instrument General 7 4,481,299 14 Operating' profit Inc.- from invest., royal., int., etc.— U. 5 350,126 68,597,967 22,989,095 9,246,258 debt 1944- $1,215,277 425,926 201,248 79,169,374 25,425,633 : •After ,, income. ♦Deficit.—V. iNCpME ACCOUNT FOR . of From v CONSOLIDATED * Ry.—Earnings- $860,154 from railway—w 8,149,600 Sales, less returns, allowances, etc.. $44,099,939 $36,147,795 $31,794,925 Cost of goods sold, selling, admin..;/.-:;.;. .•••?•• i:-i .ii-KA'-i,-': and general expenses 41,922,899 1943 - 21,598,716 Interehemical Corp.—Annual Report—^ . mill plant at Parkersburg, W. Va. dynamo electrical sheets, largely 1945 77,745,135 7,452,059 1,289,451 —V. 163, p. 2993. ■;/ the Parkersburg Steel Co. formerly was the Parkersburg Iron & which recently was purchased and reorganized by Louis of Steubenville, Ohio. from 60,286,038 income.. concluded and operate the fabricating section limited production for the trade. 1946 Net oper. ■Net profit will Fort Worth & Denver City Net from Co., relied 4,000,000 5,444,954 $21,535,500 $23,803,762 $22,696,888 $22,385,322 8,218 .11,131 2,250 24,807 v„' ', Berkman and Associates 200,000 4,000,000 9,598 . . Parkersburg, W. Va., Plant— also lease Parkersburg the plant. visable." Total to Follansbee for 1,500,000 300,000 6,000,000 of corporation section conting. due to : war stock. share Net ry. oper. income.— ;,n $2,988,940 ' 1,986,219 1,500,000 — reserves with the merger the preferred stock of Follansbee exchanged for $80 face value of 4% % 20-year cumulative debentures (subordinated) and two shares of Fol¬ 4,209,847 ' ' „ $1,730,309 — „» Leases Section of 428,081 $21,535,500 $23,803,762 $22,696,888 $22,385,322 —: special meeting on June 26 authorized the corporation of its subsidiary, Sheet Metal Specialty become the Sheet Metal Specialty Division of Fol* will be Gross , a . de- reserve)— this will at . deferred —— , , The new common stock will be $10 par value present common will be exchanged for one share of new common. -The debentures may be converted into common stock within three years. Conversion price the first year will be $20 per share, the second year $22.50 and the third year $25. v receiv. reserve)—2,674,664 (less res.)—. 5,194,956 charges with Co., which lansbee. negotiations 1943 * 6,152,667 Inventories Other * " 79,620 ;V":' 78,435 v 28,349 22,913 20,745 $395,884 its stockholders common $2,665,604 • a increase an Follansbee Steel Corp.—Merges Subsidiary—Exchange Offer to Be Made Preferred Stockholders— ; lansbee ' - 8,339,814 4,764,228 • 4,694,904 1944 $2,236,021 ; securities : since 5,104,778 1945 — Marketable 7,641,344 3,426,170 convertible (after refund of credit of and $1,000,000 in 1945. tNo CONDENSED, BALANCE 6,539,381 2,717,649 increase in the share quarterly rate, A. W. Higgins, will become effective with " the Sep¬ > . ; Cash stock income tax * :3' 1,665 163, p. 2993. 1,071,736 a share quarterly reclassification, incident to the recapitalization plan completed In September. > . ^ At. a meeting held June 20, the directors decided that present earnings of. the company justify the contemplated increase in the dividend rate.—See also V. 163, p. 3134. the $409,874 $5,104,778 .Jan. 1 to 30,661 4.550 . ., ry.^ oper^lncome—* payment. Dividends have been paid at the rate of? 20 cents $340,176 $5,444,954 Month of > 2993. from 15,290,202 a.' August meeting Will order 25-cent a The 5,444,954 $160,000) of $1,460,000 in year 1944 longer required and now restored, V to $173,456 $5,868,972 $5,618,410 $2.63. $2.43 excess dividend common President,; stated. and Earn, 9,113 227,705 railway From Jan, Gross from Net ry. The directors at their Steel $250,562 5,618,410 ; truck From Jan. 1— ; Net addition to earned v1 income— 539,098 15,741,041 Florida Rower Corp.—To Increase Quarterly Dividend Rate— 800,000 $137,456 $250,562 1,890,811 402,637 Week End. 1946 from $3,297,017 1,277,661 —V. 164, p. 7. merger Balance $2,961,806 14,985,285 ■ • . and 3,127,900 143,606 *6,829 income— 1943 953,466 155,689 repre¬ . car Is ma¬ $809,715 from railway—* Net ry. > 800,000 ■ oper. oper. Net 1944 ► 12,982,790 4,146,491 2,363,230 f . for car basis, cannot we 1946 Net $2,539,108 : full weekly $589,310 21,167 •1,290 . ♦Deficit.—V. 163, p. Net ~;4-t 292,071 railway railway. last our , figures 25,703 from railway. Gross 10,200 $2,035,677 from from on CONDENSED STATEMENT OF EARNINGS AND EARNED SURPLUS ; railway.—« railway. tember , to expect reason Gross Net ! v program, sufficient 'The from 1945 were- comparable p. 8. Georgia Southern -Earnings^ 1946 from Net ry. oper. income From Jan. 1— of 1944. all of Elgin's operation for over a period of 18 spent in 1945. A new plant for watchmaking, to rovide Elgin with Neb., Net year plating an expenditure of $2,000,000 approximately a quarter of which was was to stock¬ annual report * war The May— Gross ended week) bottlenecks, ended." 1,692 May— 46,566 f. •. Florida East Coast Ry.; Elgin National Watch Co.—Annual Report— ■ 46,810 22,249 $14,110,925 $12,763,869 161, p, 461.; current 637 Canada Net ry. 301,600 3,344 82,667 980,099 3,902 — -V. are 80 from railway*— Net from railway——, - ' * fixtures Deposits; Unpaid dividends ; Sundries v:—;; Com¬ week the 611 Gross 480,535 301,600, = ' and taxes in 61,858 1941. Front Jan. 1— 45,360 : States previous 2,821 — 164, Gross 1,593,498 45,630 bonds reserve for furniture our 644 , Net from railway.—. Net ry. oper. income.,— 6,900,000 mortgages estate two units compared Georgia RR.—Earnings— $2,320,000 ; for reserve as the "Furthermore 3,056 2,487 __I May— 27,985 6,900,000 616,187 reserve The 83,761 of for produced t-r.y. 50,979 $2,320,000 ■ NOTE—For mechanical reasons it possible to arrange companies in exact 11,148 June the 3,640 ; of —V. . profits Depreciation, Depreciation, Depreciation, Depreciation, The above figures do not include the system Inputs of any •companies not appearing in both periods.—V. 163, p. 3416. . V. i. compared 1941. United in that 1,837 Total U. S. and Canada. $14,110,925 $12,763,869 _ States of 7,058,376 11,148 56,286 36,127 " •./' • > .... susbsidiaries of— 8,085,063 *. — — —L—i. Total ■ . —.— , — the- production Coaches GM 1944 125,000 mortgages.. Sundries said, 5,553 h 2,584 ."fl ;v GMC Truck & Coach— $637,639 114,879 4,735,661 127,200 loans—_—J*—123,501 ... the —.Decrease I * Operating 1945 United period i I Cadillac real ; $1,503,289 the cars 1 — Trucks deposited in banks comparable •. . $29,074 from sales estate4,170,510 and Bonds System inputs of client operating companies of Ebasco Services Inc., as compared with the corresponding week during 1945 were as follows (in thousands of kilowatt-hours): . rents, an produce manufacturing divi¬ months in 9,062 Oldsmoblle Buick $51,168 dividends; Stocks and bonds.—;— Furniture and fixtures..—_ Accrued interest and 9.6 •Decrease. For $99,032 interest, on to June 29,'46 June 22,'46 , Pontiac BALANCE SHEET, DEC. 31 in office and ,■ until of < • Truck 185,600 ASSETS— Cash Time and demand Real %. Amount 1945 from V Increase Operating subsidiaries of— income * - Wilson tabulation a ■> . , $214,674 324,800 estate; etc. 47,248 situation \ Chevrolet—Passenger - $423,832 -——_—. .•Includes of Ebasco Services Inc., & the Week End. — the car produced principally by supplier strikes, Following is 87,000 . of GM picture; whether compared with on a semi-annual, monthly or one," improve divisions: , 84,667 - that produced ; production pleasant sented f. ■ 94,473 Inc.—Weekly Input— ended "operating companies with the five 203,544 • stock ; shortages machines period in 1941„ GM year against compared 1941. terially 1943 i and divisions produced of' 1946" in- the United' States " ® 1946 weekly production the report showed 29, 1946 17,767 cars (347 less than produced not $543,486 ' material manufacturing months cars passenger 63,744,798 25,322,824 8,910,434 1944 79,803 ; 1945 $645,915 . , and on passenger cars in in the first six produced Motors truck "The depreciation-* Reserves for estd. capital and income, taxes p. 2723. of months of 1946 tha- first; six June 21,744,346 6,840,705 *408,400 the 163, " 5,711,509. 2,102,407 66,856,014 proposed merger of been abandoned."—V. manpower paring Reserves for ; months to 226,758 units for ; Dec. strikes with illustrated was 1,206,479 in 4,319,617 1,428,207 the has Corp.—Weekly Output Again Rises— 165,746 1944 . with it V 1941. manufacturing proposal to split the present jetock on a three-for-one basis and to reduce the par value of the Shares from $5 to $1.66%,- They also voted to increase the number of authorized shares from 1,500,000 to 3,000,000. It was expected the split in stock would be effective June 21.—163, «.Ebasco Services 1945 352,250 ; a General »' respective boards of directors decided July 3 by C. E. Wilson, Presi¬ report comparing production of GM automobiles and trucks In the first six sions produced Finance Co. of Pennsylvania—Annual Report- lnc*-*-Split-Up Voted— approved in $8,988,625 $12,716,187 $13,339,177 $13,627,140 • high volumes dent, in 1 , 1946 income... oper. Years The stockholders at new 596,505 below.—V. 163, p. 3133. ; our proceed ; General Motors ♦Deficit.—V. 163, p. 2992.- 422,373 *36,735 : to accordingly The crippling effects of industry otherwise prepared 13,805,900 for railway—' 48,319,153 Net from railway ,5,157,492. •Deficit.—V. 163, p. 3133. ! 1,213,876 income. oper. From Jan. 1— Gross from •< 1,768,378 railway. railway from ■ 1,730,847 : ; from ry. ■ income—. oper. •130,835 25,057 • 1,641,650 / 2,171,546 14,164,428 to : , Net $361,045 44,291 32,200 '-V:.'- . railway *613,189 RR.—Earnings— Net V 1943. $316,649 55,482 • 3,438,224 :K 3,750,143 income oper. Eric • 3,292 4,804,618 General Instrument Ccrp. Gross -1944 / $389,053 23,344 721,082 - and .' 15,560,089 " 1945 $320,938 income oper. from Net 1946 - Railway. From Jan. 1— Gross y%; railway..__ 95,556 9,097,346 - inadvisable was . Emerson Radio & Phonograph Corp.- —Merger Off- ; Bultith South Shore & Atlantic Ry.- -Earnings— May—*:'if■St--.' Gross 387,270 '?!: companies, p. 3134. 763,012 ••; it two $2,767,265 ♦Deficit.—V. 163, p.' 2992. 3,032,527 9,523,477 2,323,943 2,925,102 1,420,227 741,979 259,469 further consideration, that 1943 $2,946,454 805,463 •262,494 "On 1944 $2,954,104 32,083 — May— S ; > «• railway-. Net from railway ~ 2,506,708 *1,806,152; $1,572,654 income— oper. 1945 From Jan. 1— 3132. p. ry. Gross ' 10,405,989 1 "" 4,606,122 :> 1,325,844 incomes. oper. I *Deflcit.—V. 163, ,, ; Net 1946 • from railway Net from railway >\ from railway from railway Net 1944 $5,592,411 v Gross -Earnings— 1945 May— . the; commercial; & financial chronicle' J48 Louisiana & Arkansas Ry»^Earaidgs^.\ : liabilities— • Accrued ! taxes $1,132,733 $1,222,209 v $6,975 payable (trade),—• — — deposits _— Accrued payrolls and commissions-—,-,—-■— Account a Customers' *v 515,'671 '255,71? —ao». — 354,900 - 'S 484,574 current liabilities—870;b9b fund requir. in respect of 3 Vu% sinking fund debentures —!—--- 77v — Other * fund debentures—------------Reserve for retirement of preferred shaies__— Minority interest in subsidiaries —-—;- 200,000 sinking 3%% reserves Contingency shares Common 50,000 — —V. and ; May— - i •• from Ret ry. January-1t-: From - Cross 3,'591,942' railwayrailway— 7, 684,997 income—! V 242,956 from Ret irom Ret >: - oper'. ry. > 1943 ,1944 $893,745 $752,559 362,315 7 312,262 106,928 112,774; 2,093,019 583,234 , •' : i 2,955,596 — 1944v excess-profits. . --••• income-taxes—756,267 taxes— 36,519 Postwar refund of excess prof, tax _ Prov. for postwar adjustments- 866,093 64,276 Crl7,242 0*24;21T - "May— Net balance sheet, assets—1 ry, $1.64> bonds——»- $1,624,262 1,758,850 acceptances and Inventory one year 49,142 46,4-77 . '45,389 /'60,025 u 1944 V •<: ■ $118,775 > development, —i— —- 706,838' 239,570 115,825* r - - 70l;403* "234^288' 102,303', ' Reserve yjt • rallwayi^ railway——^ income — & Arkansas Net • from * railway—_L—. income ; 36,938 ~ , •76,514 fSft^:"deducting ,and $1,531,931 in 1945, and I ;/LIABILITIES—• 1943 >■: $169,478 payable; and on •Provision State and other Federal, V 198,830-43,718- 3,287 $18,210: $31,947 , 95,346 taxes—/ _";V-i 39,000 566,914 * 618,346 ' from ry: Net railway—!w-! Net--lyl/operi,: raiiwayY!-; *79,169 2,461,045^ deducting cost: of U_-S. vTreasury tax anticipation: notes^ 1915 and $214,000 in 1944i $At ff stockholders' meeting1945, it was voted to create, by a "reduction in the statedvalue-of capital stock, -$8,800,000 of capital surplus which, together with $33,549 from earned surplus, was applied to the* writedown* to' a nominal value of $1 of the intangibles acquired at the organization of the company not previously subject to amortisation.'jFully. amortized patents and development aggregating $2,394,438 were written off to the reserves provided therefor'in' prior years ah'd" the" remainder' still .subject to amortization has-been segregated as shown above/vA.corre¬ sponding segregation -was given effect to :in 1944' accounts.—V. 162^ p. 1284. '■' ;; • • t ' 1 1 : v ^ in held Nov. 29, , ^ 102,743 46,242""" 940.385 ; From January l-!1 Gr5ss frbm' railwayNet from railway.: •199,140- Net 55,741- International^§reat^^r^hemJRF^^ ' " Ret of Ret ry. rail^ay/-,/;^v 10,317,987. 12,357;731 13,253,754 kwh. Gas 93,108 output for increase an 19,534- of ♦Deficit.—V. 163, ' '639,537 " 442;i00, / .186,054 • 588,567 61,431 . From Gross Net * •:» 1945* ' * - 1 168,554 ,: Met from Met ry. , From Jan. 1— from 30,428,620 - 9,732,570 12,327,907 The 7,860,873. Net /ronn railway.--,^^^. ry-.' oper. t-v. /J 3,240,495. .i 3,280,46L».2,512,025: ; 195,178 57,43889,005--— ~ - >2,727,041,; v 68,214,752/94,751,547 railway^ from ry.' oper. income.:.i 163, p. 3420; -:x • Net from Met ry. —V. 163, 625,373'950,144 271,470 408,367 railway./-^—* income^—f.; oper. ' 2994. p. 42,547,297 13,744,350 13,806,604 ii. May— from * railway.! :•?*>' 1946 from let ry. 1945 1 $87,660- R' railway from fet . oper'.* incomer.— fet. from fet ryl milway.— $333,884 $355,438 $338,162 183,948 / 208,337 ♦64,866- 109,960* 202^390 188,873 ; 820,216 y'R' .722,524 railway——— ! ' *352,167 182,228 227,234 ♦437,642 89,818 oper. income ♦Deficit.—V. 163, 2994. p. ; 1940 - $250,954, / 77,4931 ; - 74,614* > from > t ' " " 127,195 31,295' V;' - f' is not-always*? 163,' p; ■ •' (incl. sales IN COME / , . . . , less-irtc. ; oper. ono 1Q44 " * *-•, 'a aunci 457,240*'; •Prov. . May—l Ret from Ret ry. i ; Gross'from railway railway; operi Income— : 1946 •. - / . •• :• 1945 •.--// 1944 "• $3,444,908 $3,716,241 ./ 542,905". .: 917,883 ... *180,643 • 155,749 •; 19437.* 1 $3,839,312 952,572 _ - $3,607,367 •' 247,361 457,092 i;i74,089i From Jan. 1—>-■ Gross Ret from from Ret ry. railway railway oper. income-— ♦Deficit.—V. 163, pp. ,r.- 17,163,343- 17,389,962- 17,144,550 15,857,600 -2.544,092* - *3,568,911-- - 2,958,161 3,110.080 *989,423 2441 arid 3138.''*~ 44,875 57,709 338,162 Min. fixed int. and 260,658 7 „ '--i;" assets ' ,558,478:: 452,518 reduce ; cos real !:_.27,36flY/ income— > Y .1944 $269,410 1943f $247,873> C' . $267,626. .$162,043 ,! - 19457/ ' -1946 <* — 147,934 > 31,561 103,494 lating to sale-, Provision -27,467'!> : 181,916 ;;;113,070 *:1 100,840 > .: ■>, 1,179,237 884,422 - 232,611 1,113,323" 1,183,077 •• 529,544 518,338 460,320 >>747828 .'664,019 556,795 . Y -:. .1944 1945 $1,165,028 $1,267,562 419,785 384,974 384,382 90,086 223,375 {. 65;862 r 44,768" depr. Js amort.; 64,579 > . 119;434 ; . $1,249,735 -.**415)251 ;135,67®. 44,498 > 896 taxes rll-7,971; —w_ r: ; 117,676Y 111/800;■ >■ 61,018 114,042, $220,339 $217,152) profits 108,106 59,186" tax_ incomfe oper. $236,645 ! income < $238,794- Deducts, from gross inc. Net income 54,325 101,03® .1,407 $222,076 !■49,446 "47,029' 48,190r" ■; >•!. 4,924 $221,746' $230,478 $184,469,.: $182,289* >> $174,718 —, Earns, pe'i- com.> share!.^ " > 850 v*- ... .1,350,000 ; l .>., 250,000 . , ' on subsequent additions at cost. .: as . Jan. at ; in ,: on 1945 . ..... * —L—_! banks and 7 $3,184,845 -10,312 - ) i— : '' >••! : ■> $3,159,792 .35,136 .- ">>106,964 service' accounts— t 1944 n > 213,007 ! *>*325,000 i! $1.86. 31* dec s^rie^ C hand^.— Treasury- savings riotes; 192,71? ' 225,000 > 96,06ar ■ Miscellaneous 411,491 Interest instalment accounts i.i* accounts———— 2,224 receivable Inventories *■_.——___ , "Prepayments and other deferred'charges— Abandoned property in process of amortiZ;__ Discount on preferred stock . 3,563 1,215 * 2;779 —- Special deposits- —^ basis of revised- values established . $172,630* • >. $1.90 $2:03 ^ . Merchandise- sales profit for the year:..._____" $2,296,883"" $1,850,463". $l,8l5,57"3 Divs. on 6% cumul. pfd. stock 22,690 47,880' /' 52,896 Common dividends 584;969 1503,853 371,196 Earnings per common share.!-, $4.40 $3.57 $3.54 the S. Customers' Net •On assets Investments U. - — • Cash v ; assets— c Fixed - * ■' t $2:06 ^ comparative balance sheet,'- years ended " ;4,625;000 : 30,864". 121,77® / 118,302- >> 118,834 103,84L / Gross j .247,025---/ 225,025 960 : r 1942* : 1943 ,'$1,171,757 53,092! 61,220 ' V 946,583 for' contingencies . 109,187 107,^19 ?' „ 2,700,000*5,2'68,000 - estate mtgs. on prop, sold by subsidiary, now dissolved, and -expenses re-- 665,34S : $228,568" Non-operating income—>>-2,149.L910 $7",070,979" 86,185 rr 233,467 income of subsid. made .to V 5,806,02$! 3,277,293* Chiin^cting* RRf- Earnings-—*"1 raxlway^I__ excess Net . Payt. ;'.}V 5,284,949/ 2,233,079 5,468,656 2,553,679 > j- 60,913,106 .57,154,683 25,454- amortization1" Federal and-State- incdme taxes.: 101/903 * !' Lowisville Gas & Electric Coj; (Ky.)—Weekly Output of < z for deprec. * nrtm 668,093 - revetfUe Federal Fed. ; r $7,5531347" $7,644(856 ! $7,169,164 Interest;— - inil • 93,947:; ::j98,887! r 934,556 Federal normal- tax and ) v surtax' L— .. $7,396,325* $7,"5"ll,272 157,022"', 133,584 .:.: 'Total 'income "_„2 ..i-VV •>■>- - • State; local and misc. - - ; fr, -carrying chgs.» :'65,541,169 Balance income a or* 3; 434,857 : ' Other -; 1 " 406,308 13,667: ; , ooc 121,335 railway—- Prov, for- ' . APpQWfT.FOR YEARS ENDED; J AN. i 31 and ioi Malritenance . . sold from Operating leased depts.), 1946 < 1945 1944. aUoWrance&x-r«.::$72',937,494:$68,424;378 $64,2'3'4,662 merchandise exps., a; Operating expenses Power purchased •-y-j* •; of less returns -and: > Newport Electric Cbrp^AnnliarReport- business.—V/153,-p; 1350; .* dONS6LlDATEI) Sales V; Years Ended Dec. 31— J;—Obtains Loan— Proceeds are to be used to* finance an enlarged . Earnings— r-\\ 2996. p. oper. ry. 325(526 $3,000?000 3 J/4 % subordinated: note, diie 1S61-, to Tho Mutual Life Insurance Co; of New !<*'* ' j — From Jan. 1—" 2995;;' " > ---V- ." 1Q44 inoomeu^_ t • >>445,836 103, p. 314L c;- . : • This corporation has sold a York: -c/' »/'c* - ■ " Long Island RR.—Earnings- {L. II* week ended June 22, 1946,:'waa, the corresponding week* last year.* Net' ry.. oper; ' 484; 158 ; 407,945 :'304,239 11,386 ;; *67,68$ 103,- of ;r 1946 May—5 Net 1,175,53^ ;i,223,8.98. > :;253,87r Motor Finance Corp;, Newark, N, Cost, of 590,571 production $626,-089''^ 4 $1,005,770 $1,067,471 >$1:221,917-; * * railway^.::.; Gross^ frbm ~'M ; i; 1X5,248 over : railway oper." income:— I Net >>'ll7;53*6i 112,278} 78,584- - • > 326,808 ♦Deficit.^V. $279;68& 111,444 ♦27,490 *7,881 ' -z January 1— from $276,847*. <" $79,972 * 1944. National Department! Stores Corp.'—Annual Report— / • From 1945 the t ■ - - ; f ! Gross from railway Net- frnm: railway ■A-1943-*": 257,451- ' ' 1944- 56,096 0 rallwayi—, - iross January 1— volume of May— iross • 1946' ' railwayxw.x.w Net/ry: open income...' Ishpeming RR.—Earnings— Lake Superior ^- it reasons ^' for t N6w Yoirk Montour RR.^-Eamings^r; "• figure railway——* railway.—*;— Net* ry. V. 163, .32,165* / mechanical possible* as from Net 89,942,895 39,702,-816- 5,980,778 < 14,147,164 . 1430,366 1,670,439935,974':'"' 874,946 402,942 -4 397,916 1,844.205 above From* Jan. 1— Gross 95,007,225 39,408,283 13,222,269 railway..*.vw ^rbnv railway!--,818.121 from railway-i---_:>N. v 18;o96', Net ry.-oper.-income.v: 90,011 "-1,583 7.72% or to arrange companies in exact alphabetical■ y. However, they are always as near alphabetical > Nfttnryi oper.: income::!; " —V. - from Net 3,125,207 . 'I January 1—» from Net $201,882. ' 89;483 ft., cu. Gross* frbm .7,751,9.75 7,502,365 2,580,524': 7,530,562 302,422 Net ! 1,524,602 ; abovo week a year ago. 111,362,000 cu. ft., the. June 28 week-is reported'at increase of 0.06% an 164; p. May-r-- . Gross 1941 increase of 420,762 kwh., or 3.28% an New Ot-Icans &. Northeastern RR. j . 1,686,745*/ income Net- from: . This is comparable 62,399,635, ' railway^-—- :s '* , 4,919,194 Net ' Sross -OutpUt ended , from- 1,910,552 125,759^'* :.2,127,778 -f w .... Electric Association AsSocIattbh' reports number oU kllowatt houra avanable toi thai June 29, 1946, as 61,940,533 compared with 60,642,062 for. the week endfed'June 30,-3949) tin increase ot 2.14% * V , week ' > 1946 1945 " „ 1944 : 1943 railway.,.':.*$12,277,3-56 $19,377,644 $18,877,953 $18<1141486 May— : Gross I,444j629 1944 $358,048;- incortiei— - The •565,003 "Missouri JPacific RR.—Earnings— Gross /v.; 1945 / $306,027- -$421,282-- railway-^'—/ railway., oper: 2,250,114* England Fower Association—Weekly Output>—* 1 *41,892* ; 461,160 * 448,964 , > 5,144,668; 1940- from Sross 2,699,304" 5,196.265 * ' ' 37,240,407'Y33,296;622 24,606,474- railway ry. oper. income... .1,817.770 Deficit.—V. 163, p. 3140. 4,015,897 tOklklioma; & Gulf Ry^Earnings-— / May-— 6,419,769- 2,132,931^ 403,454 NOTE—For order. January lr- from, railway.... From Kansas 16,405,534* 5.073;987 211,649 >'>•> >; > 7,980,000 "position *'; 1943"' $7,186,015 $4,661,127* 19441 $7,935,978 ; 2,720,*743" > 2,206,633 671,-651:* • railway-..--*—, from 1,524,813 _ 17,945,784 j^e ^grrespcindiog jveek^a: year/ago.^Y^ 164, 174,111 148t7o0 RR.—EarningS- 1946i $4,720,575 railway: * from Net ,12403,628 12,642,201 3137.. p. *17,335,654 < 1,217,694 -U 1,273,683 possible IJet ry. oper, income:.. 3,571,581- 1,452,047/ railway oper. income 12,047;050 production of 12,832,992 kwh. for the corresponding '; $236,124 $209,802 36,318 17,947. 1,413,039 f 226,155 Rfay— : v from *294,092 1,273,566" 379,933 Fdr 'tlie' webK" eridriif;Jiirie>;20ToxiCpufc % 1943 1944 39,743 477,48^"' - Gross from \ from $3,383,2891 1,194,243 New England Gas & . Gross * 1943 >194^ * $3,839,700 oper; income—_ *470,691 ^Deficit.—V.; 163, p 29961 ' :> Missou ri -Kansas -Texas Net ' 1943~ IS1-?* 1945' 1944 ' ^ J • 1946 $2,443,650 $2,624,695 $2,481,025 railway/-—" $2,360,125 878,115. from - railway—'—:— 1: 294,367" '•"816,553 - - 649,409 329,809 314,898- 249,582 ry. oper* income .*38,906". from " Frorii Jan. Y—" ~ of $141,495: approved by tha: ' Gross May— Ret 1945 ' 83,566,145' ry. 382,000 cu., X305,255 . railway...... ; iflcorhe from From Ret as 1,031,520 215,815 Net from •vv; v:. • After . ' 1946' $2,124,356 88,715- $308,642 "• 147.907 $273,123 income.:. oper. —V,l163,:p.-3140< 76,092 $4,811,464 $13,425,651- Total 1 amortization ' railway.—. Net<"ry; oper. Net Gross •' from /.;,♦ 6,778 t *17,8851 35,§85 "1945 railway^i.^ From January !— irom railway 10,000,000 -2,730,762 surplus $200,000 for >>!.->»■ 1946 ; May— Gross Net from- 64,347 ;. . Earned- reserve railway!!.*. 148(612/ 46,117 ; Reserve for contingencies—————x--—. /•/l >64,340 i 76,038 Reserve for postwar adjustments.—______ $1,200,000 Capital stock (600,000 shares,- no par)t.— affiliated company-— Accounts payable to of- $547,574- in 1946 depreciation of $737,726 in accounts for reserves in 1945. ttAt nominal values directors.—V. 163, p. 3289. May- Deficit.—^V. 163; p. 9140. Gross contracts— for * 'After and $117,272 of Gross Missouri Illinois RR.—Earnings— $4,811,464 $13,425,651-' .. >> > 4- >: ' f \ > accrued-liabilitiesi.-.*. «■ —,—•! ■> ' Accounts Deposits 1946 . Net ,-C. doubtful for reserve $524,004 in* 1945,' 1,002,7°0 ; i 270,399- ♦125,556 . 8,249.460, 1*156,770 Ur4,790 total ^_.:.:: $26,481,28i $24,154,417 2,953,569 • open Companies——1— * ' Total • and subsidiary and ' 1944 1,047,85670,452 .762,979 ; 513,680 , 2,76i>685« — 1946 $230,945 82,152 ♦82,695 *26,537 . 241,874 PY-'6,056 WW •- 2,814,848 par)— 3,798,359 .... railway iiuai Net ry. '• ,/ From Jan. l—• 4- Nashville; Chattanooga & St. Louis Ry.—-EamingST- : 1945 •32,913 (no » 9,938,684 Ry*--Earniligs^''; < $192,328 preferred stock ($10 par)— 5,046,055. in < > - 5,139,521 board 1946 .$135,883 : *2,995 * — -• 275,769 >' 6,220- ; *After applyirig. $2)585,006 TI, S/Tjeasury savings not%s in 1946 ($4,1945) in reduction of tax liability. tRepnesented by 522,433^ 1946 and 505,044 shares in 1945. tRepresented' by shares ot* stock held in treasury (556 shares common stock at-Jan. 31, 1946, ana' 556 common' shares'*and'13,548* preferred shares* in* prior years), " V " "" 163, p. 2995. from Gro^y 9,575,9107 $663,135 253,072 Prepaid taxes- and.- expenses:*#:..:-.r cumulative .430,100* 1,000,060 3,350,000 —_ shares in 593,521 522,710 1,008,322* : — contingencies. 39,901, - k 756,676i 1,048,258 •260,304 41,589 '> and' (bond 716,000 in "^,w.{526> "''-iiMVfiii' *12,515,315! z-z-zzz. .45,000. ac¬ ' > 1944, , from May-rrr * instalment on capital, surprusv-^:--.w:-x-!u:>--:-xu-*.— Earnedsuvplus'—i——■ fSHares of preferred arid common sto^ held by 221;279 . 1,460,662! 1,106,7147 vt: 45,000 i 206,900 (current)* trading-.stamps charges subsidiary compkny fCommon stock $2,637,347 $2,408,438 660,868 " 425,550 163,187, -5,118 1,002,227 1,503,081 etc.-!——-:—: for redemp. of trading stps^ (non-current) interest. in- subsidiafy1 companies-::^ 6% ' 373,642 1940 " $2,116,818 . railway Net from railway—: Net; ry/ ©per/4noome^__. ! -194rr . of for Res. Vf76d/4ii-"; carrying $2/347,803 1,064,863 and State; income-taxes Minority ,r.. . wages*, $2,623,096 > transit-: - Fixed; assets!; . estd. Fed. debt 29,358 17,242- merchandise in redempt;;of 22,210 34,502 . ; M^sourt _ "Y2/ k, mortgage obligations due In 1957, iess-current * annual Instalment of $3'5,000)—> >>*476,500 I $143,583 23,766- - income—--—™—i oper. ♦Deficit.—V. 108^11. 76,092 ' licenses, right, patent goodwill, etc. Patents, •,;>• 1945 • ' raflway:^.I_i.-.i— Net' ry; •nper'- ? 2 >'■ i" receivable Funded $163,511 48,573" ' (Sross 48,192 of excess profits tax refund Postwar ;■, '* not due withm receivable, accounts , ------ ————-—-— and Rotes 354,301 ■—l—> receivable——— Accounts receivable Rotes - -< > 1944* $615,752'' 2,287,474 424,697-: 1945- ; > ; ; . Treasury taxes, for *Res; Res*, .for railway.— Net' from -720,000 dec. 31- in '•■banks——— S. ; •; From Jan. l-i-:' $982,540 ——i--.i-.w--,—$1,023,266 $966,886 stock;.::., > '•■ 720,000720,000; per\Sharfe-«-.i.-A-----i--~> ; $1.70- $1.61 income . U. Accrued .rentals, 3138;.r;.?<.-'* p. * from Gross ■ 38,409,852 I/Minneapolis SLJP'aul ^ Sault Ste.'Marie RR,—Earns. 24,217 17,242 Dividends paid'on'capital Cash 163, January-1— Gross(from ; i;104,672> >615,691: 1,780,586 , 86,063,075; : parent 1,196,229; ; 7o~3,138> ———-•.i.i $2'6,48l;281"024;154,4l7 #1 ^ :"' r.-^—— liabilities— 10,308,293 •>10,989,234. 10,593,814 630,632;. Net from *. ,126,403' Net ry. open income c 26,372* Deficit .—V. 163; pr 2995., " * $3,109,138 800,422 95,642 and Other: corporate Ret income From Net $2,965,096 $3:i05;31& ljl49,044 ^JL,242,367 " —— sales-and expenses-^.- 713,453* 2,185,941 zZz^zzziJ-^SLU>!>-H-::Y'. 34,140,416 33,150,422 4,831,899 . -railway railway. " $14,435" "3,094,703 Provision for Federal Net income.— oper. Gross-- from 1943 $20,740 3,084,578"" $94ioo. -———— total Cost of ry. Total * : > 284,587 etc.— Accounts"payable Accounts payable, .V-;:"v- '<-<£"•< May—f V.' i <,-.1946. ;■ Gross from railway—• $103,458 SNetRfrDm railway!—l;7'S::*443^ Net, ry. pper: income ": .. *23,028• y- Goodwill 1943.-;';"'?'i ■■■ ; Midland Valley RR.—Earnings—. 1 International Cigar Machinery Co.- ^Annualv Report--" t Royalties 1944 ■ 3,870,790 1,679,130 572,193 4,679,062 5,071,665 2,212,212 5-jf 606,982; *;; 137,862 300,000 in .and- amounts receiv.- from whollyowned'real-Estate cos.) (not consolidated)—..." •-■'i ■!.*». :- 89,089,240" 88,339,686 66,443,212 railway—':'—.,- ;; 9,787,471 rauway— *Eieficit:—V. r 7,354,903 ! taXL/x!—j.).!'..' prolits taxes; rents, jsuppries, prem., assets counts % p. 3136. —V. 163, Net J flom froni Net excess ins. "Fixed Unearned 444,764 i. >.. 35,604 krtrv&'i-** &7.1945 of 4,724,915" 7,759,504 201,817 ttlnvest. RR.—Earnings .»**••» 1946 M , 4,062,591 - from Gross * / /7>'" V> " .116,006; 109,109 ■ income—- oper, / ; , $1,028,171 $639,927 railway.— railway-— Oross' from Ret 1945 1946 'V^- ' •'• m ; '/ . From January I— < . - "■r»;'.v, 'v./.V v ■ RR.—Earnings— Illinois Terminal '>*:'> 1,422,500 — refund ">1945 V $8,239,147' ; 393,500* 1946 $8,700,875 ^lisc. other receivables and trade investments— >• railway $10,541,834 $18,838,250 $18,308,657 $17(620,088 7,606,327 7,241,385 7,232,280 NetTro.m railway-,—— .♦279,826 V Net 'ry. oper, incomei—, *348,418. i 2,267,712 f ; 2,134,019 2,211,859, Gross of' $7,375,331 liv 320,662 shares in 1J45, $6,799,941 in 1944: HRepresented by 313,606 shares ill 1944.—V. 162, p. 2943. and *' '••• -i $312,083 ^ 1945 Postwar Prepd. L-ouisville & Naslitille • After reserve of $298,281 in 1945 and reserve of $214,175 ' tAfter reserves for depreciation r -i;ilV,134"" '.-750,585w k- ■'J. 8,128,133 3,448,756' < 999,535' - 840,034s 2995. p. May— '-—7.—$24,933,305 $25,327,865 ; Total 163, * Cost..;?—'/-:/' securities;" at Equity in-cash surrender-value-of life ihsY pol;> Deposit- with trustee 9,015*9278,240,201 3,998,527"*: 3,234,252 1,660,696-; SHEET, JAN. 31-. .>*>:>' —i-.-.L. ; Government Inventories , ♦ 3,136,060 4.611.153T 4,754,476 4,300,520 5,194,178 surplUS:v-:^--rr---^r--r--^-rr--;T"?V*~ ■ V railway-.—: Net.ryf open Income 143,947" 7,811,900 ann 7,808,400 stock (par ,$100)—. ———— 50,000 I from Net - • > • BALANCE II-Aceouh-tS''- receivable 203,684* . . S. nr. 716,365 :r P J 7 :? 5,347,285;. . $1,705,770 ' •1,050,000 surplus —_—---—* Capital Earned >"! —------r-~~ cumulative preferred 4Va% January 1—. Gross lroin Taiiw'fiyli 1,250,000" ■Y- ASSETS—* * cash-- _• !-i-; 7-' 1943 . From Skg. ' / "" * * • 1946 ,"7* 1945 ' ." 1944 ' GrosB from railway^.-'—: $l;023,02l; $1,902,700- $1,691,716^ Net from railway-./^—329,1801 887,085v-"' 659,'253 Net .ry. operi ihcomex-/t • 248,503";! ;*154;275 130,701^ May— 92,404 ' Monday, July 8, 1948 CONSOLIDATED 2,266 *' " 1,0136" 11,638 1,102 ■% " 58,376 54,701 18,584* » 24,999 282,515 315,752 102,680 102,680 ' 31", 1936, and . Total $4,322,488■* $4,212,438 1: t *.. " .- mxxmxxmxmMxsmmxmM ^Volume 164 Number 4505. ,-yif";' v ■ « 149 LIABILITIES— .'. - 'f:•;,•**? $•*''' '\ 6%' cumulative* preferred "stock Common -.■ funded stock ($20 debt for ($100 par) $1,026,800 1,191,000 " 1,000,000 XX. -Accounts payable /, ;, .Customers' ' 31,282 *25,285 -deposits' Payrolls payable" K^iAccruedflaxea; -JjilL 4,509 - expenses (Contributions Earned in aid of construction surplus 171,764 —~» -— — May—. " ry,. open $659,226.. : $645,291.. . railwsty—: railway 1 Ret ry- open income—- 3,076,544 *Deficit.—V. 163, p. Electric output of this totaled 46,072,000 kwh. , 3,268,764 227,340 Co. 228,152: 605,274 * » , compared 3,325,31b y Net ry. oper. income—" From, January 1—Gross from raUway Net from railway Net^ry^, ope*, income "Deficit.—V-. 163, . an with returned 1946 kwh. for: the 164 P* 11. increase of 1.8%.—V. 1944 :*-U943vVe $524;713 $571,976 193,122 139,642 109,780 82,807 -. .61,320! H. 2,558,511- 2,425,458 477,359 417,981 172,280 223,059 - CO.,; 587,267 341,461 & Go.—Securities R; Offered—New: Company ci- & . changeable.. Bonds Will -be redeemable ., Whole part on at on least 30 A any from the , - ; - . r-' CAPITALIZATION Company tmv •" tn» :**>- . * nrim Kuhn, Loeb Lehman Drexel; A. C. Unlimited Unlimited*. ■ . $32,500,000* 4,000,000* Unlimited ®i*fev Coiinty; Electric Co.-— - —,, Schwabacher 750,00ft Co Common" st(»k' ($20 ' par)—.——. w,,uutvuw-;^;i? .?*• H. 200,000 750,000 -200O0ft •—Fr B. the * par)*.——!—2,000,000shs; i"mSTORY^ finsiNESS^-COmmpany "j;': iteniwin ; '101,000 shs. as. "CO*. Net 1 -F<j;*i, it 'CO.— Brothers- was of * 1944 - ' ' 3,242,516 4,678,561 1943 ; 1,409,274 1,927,067. 5,442,991 3,450,469 60,301,363 • 28,110,35® 18,518,06T : Go.—Weekly Output^ this Co.—Earnings-— ; "v"194S 1946 1944 1943 tj:i railway—-'$29,604,580 $44,834,624 $44,107,988 $40,513,903 railway r 1,625,186 15,376,455 15,329,352 17,394,099. ry. oper. -income—' 2,477,636 3,086,148 3.160,200. 4,218,635 if'.:?: &&:■*;.-ft ?■?";>.*; r.':'*." ?'• «#• . .railway—.154,216,019 from - 203,988,853: 203,098,480.183,269)0731 12,806,699>: 59,674,257 62,413,904 73,035,53© 8,154,836 15,2.42,471. 15,928,612 27,902,61ft . . - P4 Mantis* af Cd."^3n^ 500,000 names of — - ww No", Hallgarten &. C0._L Harriman Ripley , ..Inc. . -. ? ; 2,060 LOOft -j :X; - " * A'From *• -*' Net<ry? — 4,850 Salomon Bros. & "Hutzler— -4» 4,850- Pomeroy, Inc*. ??Scott fz'Stringfellow-T. 4,850* 4. ..... .4,850 Net - Stein Bros. & Nefc'ryv, oper iheomeid. -Dencit. • A": : v, iw» Stone &-Webster-*SecuritieSr -••■■■Corp;' ' —' • -Union; Securities Gross 1,000 - Corp.-— ,; ■ 220,990 ■13,672t *32^471, X: ^ p. 3,445,506 '4,171,670 ; """ "-459,804 f Net 'f: f*lf435;4«l " *672,51*4. ' $938,131 236,668 * 49;232 . ■■'■ ■ 19,259- ry. oper. income—' from 31,265 24,9301 880,111 904*845, 277,164i 492,608 103,217 .r .* r.- t A, ; •. 157,89ft "" ' 1 7 Ry.—Earnings*-..^ 1945 1944 "188,921* 521,403 1943 - $2,245,098? ' 738,420 414,488 . $2,101,47£ 1;055,725£ 605,78ft 1-A 7,318,383. railway oper, , 11,048,5.79. 683,493 income— * Deficit.-;—V, » 73,83® .115,738 1946- - * $170;371 V 956,870 401,646 • railway—.-"$1,259,666 $2,519,611 railway—" | 129,7.72^. 970,31ft Gross from railway 163,* p. ' " 9,685,306 9;426,007 3,583^99., 2,598,903— 4,787,38$ 1,504,181 *162,956 1,079,079 3,041,341 2999r *vtA-';*'-* ;,^v.v ,7 ' " Mriy—" . : Gross., from -railway^— Net. from railway-""—'™ Net, ry> eperj 1946 . ' * $442,44L $308,38$ 206,790 126,01ft 119,678 108,6103 1,354,285 2,423,643 30,349 " & 949,570 2,124>531 3L44t*' :-J Deficit.—VI 103, p *; 437,936 1,551,35® 1,004,514 . *041,462 ... ' • '?■*: 19.44; i'& 240,608 4,746 *49,210 - */,! Gross from railwayNet;. from/ radlway—-Netr.ry:. opert income. - Si*, 1945 ? $521,247? $259,876 ? -income™, Front Jan. Is—,. ; — J . v._. 2999, 1943**' • $204(772. -** 71,984 50,517" * - ' 3,957,82ft 283,530, 429,5i63 x *660,165? " ►" 337,667.... 1 ^ From Jan. 4,85ff 4,85ft 4,000,668. 400,816. 14,400,32$ 87,995 from Net from 1,00ft ' adopted in 192$; • • — i ** ; " -'—Sp « vhHZtei 3 \ Company's principal business <,) is the Philadelphia Electric Co.—Weekly*Output^ production,, purchase;; traiismis-. «ionr';distribution-and -safe '"ofreftctrioity,N*It 'has*, arminor;buSittes&^®L^. ---- outout of this company: arid its ;*>v.V-$n. the manufacture, distribution ™ subsidiaries? fofc.the and sale: off week ended June 29, gas and*, of*" steam forf dtecease of 4,273,000 k.wh., .or 3.4*% , |; As, of June- 3Qr>1945, -the whep compared. ..with, the: -corresponding company Sold ?t» natural fystenri serving; the gas"'distribiutioi^ City- ot Johnstown ;AJvAAand*-immediate vicinity, tou feopies Natural Gas Co0: aname^ was 9,491 * operr income : May— 1,500? . Boycei--__ " fronr "railway— .. 571,696 " - 86,039 Spokane Portland & Seattle ; Shoellkppf;;. Huttop'.&. 3^500 3, ... from-, railway- . 1 '{X* •Deficit.—VV 163, 1?. . incqme—. incqme—*207)l49; *207,149 " income—_ Jan. lt-k $197f750 - *30,829 ... , - $110,230- — Gross* from TailwaY Net: from railway*- Net From"jto.ii-'.' Gross - -*• - - Net ry."' opert l;OOff 164, p.' 12. Net ry. oper. j^et ry, oper; *:* 14,120,169* -13,930,589* , May— Grosa.' fnom 3-ailway.J: Net from railway—; 1,000 Maynard^L. March.' «&■ CO; 7,032,808" Spokane Interliational RK^—Earnings—A ^ ; :.>1946 1045"' 1944 ,; •; 2,000 CO.- 114,093,876 107,622,678r100;968,49© 46,547,012-43,843;616r- 48,197,73® 16,344,487 — - •V.' • 86,572,991 p^ 14. 3,500 i- • railway. Net'.ry, oper»- income —V. 164,. l.dOQ Corp. :Laurence. M) M&rk^ Hawley, Shepard & Co.^^_ 1,000Hayden,' Miller & Cb.——1,000 Hemphill, Noyes & Co.ld- 3,500 , of 1,000 Co; .MasonrHaganr^Inc. Metropplltan. St.- Louis Co, . Co., T-__Tr - Son„r from Net' from, railway^ .1,000... The. Ohiot-Co,—k—1,00ft 1,000 Phelps, Fenn 4& Co^ 3,500 3,500 Reynolds & Co, 1,000' 3,500 -E. H- .Rollins Sona- Ine._:" 3;5b0 1,000 L. F. RothschUd & Ca | 3,500 —- .& Lea Higginson 1,000 1,000 .1,000- B.-Hilllard St v.Gorc 1,000 From Jan. 1— ?? Shares. .Carl M.. Loeb,- Rhoades^ &• . i J. , - the^sevi ... Kirkpatrick-Pettis 3,500 2J300... 1_ Co,__^ , " * " 1946. 1945 1944 1943 > . from railway$15,090,026 $22,821,129 $22,254,433. $2L,532;20ft Net from- railway--"-*—,1,592,724 9,206,987 9,022,177 10,642,965 Net ry. oper, income 470,097 2,829,287v 2,881,765 * 3,583,801, Gro^s J. *n v:. May—* • Gross , F. Southern Ry.—Earnings— - 150,000 & * •_ Field, Richards & Coi—„ Glore, Forgan & Co.l Goldman, »acns eti cou_4,. tioiamap, Sachs &? Co4-*r 28,00ft00ft^| utility companies,: Thrpresent, " 433,22$ - railways Ned ry. open income V. J.63, p. 3144.... follows:. ^ 4,970 &^COr_J—. 4,960. J. M. Dain & incorporated-in; Pennsyin 1919 under the* name, of Penn Public Service Corp., as a con- ^(SKdidahon.Dt-three operating 896,858 . * - 1 From Jan. L— Net 150,000 Co._u.-i Dulles , Equitable Securities Corp", Estabrook &. Co^^i.^—„ ■23,500,000? 10,100,000 "output Gross^ from preferred^stock- and the numben of shares are ButcheV & Sherrerd— courts & .Co'i-.^l_'l i ii,uuutwv''£ 1,766,841 . from Net" fr6m ■ 125,000 Harold- Er Wood Wurts, Boynton & Co";, Inc. J; C, Bradford & Co II t 2l6,OOQshs;."*"*l4 ". A-;.."60,000 shs, '*. .6,900,000 ' 1945 - --49,854,890- -591664,454? 61,522,379 10,149,293? 20,254,447 24,612,303 4,976,963 8,235,701 9^836,080 Southern Pacific. May— Gross 250,000 .Ghas, W. Somntoa&fCo., n™, series Bi-($100 par)-series C ($100- 3.70% f i - 944,880 346,085 , 3144i ' 300,000 & — stock———— 195,726 totaled ■ 4.40% 854,023 166,605 company for the week ended June-29, 194© 2,288,000 kwh." as ' compared with 2,013,000 kwh. for tha corresponding week last jear, an increase of 13.7,'/<-.—V. 164, pr J4v. , •1943' Cummulative preferred 71,28ft " Ret.jry.. !'« . ,1,761,527 606,358 Ry.—Earnings—;- Southern Colorado Power 200,000 Co. -2™k 250,000 1,100,00ft William -JBlair* & Co. . 3 Va-'series due 1973— ?fo 2%-%- series due--1976^„, 33,890. , 1,595,181 $8,776,042 $11,461,065 $12,249,094 $12,032,973 fjom rallwaj^-i Electrio 150,000; Pressprich to Co. 1,000,OOft 600,000 Aliyn and Co., Inc.— & Co.,'-, Inc.l Blair T * " Outstanding Authorized 52,166 " ? . Net.ry, .open, income-- f Shares GIVING EFFECT TO PRESENT FINANCING first mortgage bonds— ^irst morteraee bonds— 3% series due 1.972-1. * * . railway -*~y, 163, Robinson-Humphrey * *rn of No. nt 9 ohr>™ Anu,s.iiwuuui«u. from From.Jkn, Jl—# * 100,000 *'tensen, Inc. ™L_ Phmijja,? tov.i»mfcro& as * < R-. W. '• i he- ■ . : Underwritten by. each for the acquisbassets of "Pened" sub.will provide from* its-, general funds niirchn«» 2998.. p. 46,519 - .1,435,761 272i226 : 68,773 income— oper. 163, Gross; from -railway.Net. from railway-^- Jackson low,' Inc. * 200,000 Parsons & , fr Webber, 150,00ft Robinson eral: underwriters -of fylvania Edison Coy, of $42,451;400, being, purchase;price lion.by. the- company from "Pened" ot all the certain liabilities. the balance neeessarv to * 1°40» .'0 1.10OO0O _ UNDERWRITERS OF 'PREFERRED STOCK-—The ( . , and. the proceeds, ■{$1376,860) to* be received 68,84:3 share* of the company'Sv- common stock to Electric Co., will be apRliod toward, the payment to; Penn- feet to 144,558 . 150,000 —•—i__- Co., r sale* of. Associated , 192,548 *- - railway-—? ; &.Curti8-_—^ 1,000,000 Patterson/ -Copeiarrd & "■ * " Kendall, Inc. 100,000 Perrin, West Wins- . 400,000 Co Martin,. Burns--i. Corbe^t,, lnen— property;'plus accrued interest in each, case:, yhq. £rdtlaL,rederaptioit«priceria.l04 plus Interest. A PURPOSE^—Net :proceeds* ($33,925,729). together: with -the- proceed^ <$5,000,000)-to be> received bK the company from. the; sale of'$5,000,€00 of instalment notes - 1943 $322,608 117,880 Neb ry.* oper. income^-- 0'Gara &* CO.-—. — , days'-notice-as ry. —V. - date prior-: to'maturity-at the option of the company.," Bonds may also be redeemed through operation of the im¬ provement fund, .the maintenance fund- and through the use of proceeds of released 5$# i in or oper." income Netvfrqm; railwax^-r-^ Net 1944 $374,717 84,803 From,Jan. 1—< * -Earnings 1945 $333,796 railway Gross .from 'v':.. 1946 $321,985 railway , -, » <*v ''A Seaboarti'Air Line Haupd:^ 450;00ft ■« Stroud'&? Company, inc. ' Hayden, Stone & Co 750,000 Swiss American* Corp."™.. 300,000 Heller; Bruce-&r Co.—_ * 200,000' "Thomas: & Co,-—— 300,000 Hilt &vCo 200,000 Weeden & Ccp, Inc 450,000 Hirsch; &£ CO.l^L—.1-^ -208,00ft Wertiieim *& Co.—: 1,100,000. The Illinois;Co 600,000* Wheelock: &: Cummins, Kebbon,: McCOrmicId & ' Ihcf 150,000 : Co. i 200,000 The White-Phillips Co., Ladenburg, Thalmdnn &Inc. : 1 stock . 3144. p. St. Louis-Sar* Francisco & Texas Ry. $200,006 Peters, Writer & Chris- Ira ' - f ' Co - 100,000 Green, Ellis & Anderson Gregory & Son, ^nc FIRST MORTGAGE: BONDS—Dated June l, 1946;. due -i<y7«Interest payable. June L and Dec; i at office or agency of. thescom** y giany in New Ybrk City. COupon form. in. denom, of $l,000* qo r£gisterable registerable «s to principal only, and in fully, registered form in denom. of $1,000 «ind. authorized multiple* thereof. Coupon and registered, bonds- inter- I . 1,742,64ft 163, 200,000 . , 9,-231,20$ 1,452,149 Net co.A C0-. 102.47. and & Otis &.• Co "450,000 - Corp. Graham, Smith, Barney ,&,Co^ £00.42 for a^3.70^ dividend;- aiid-MBilon.; SecuritiesCorp., 100.279) for » similar dividend jr 13,380,404. 8,948,461 68^,838 500,00ft 106,000; .500,000 Co.^_. DicKson o, *" Both issues preferred 16,187,336 7,259,103 Gross Paine, The-First Cleveland a? the 15,096,870 May— > 253,739 3,552,871 600,000 Al.red ■ Dempsey & Co—J— ?; ii 421,724* railway-™.',. *" per-; * . j 1,361,163 ry. ^ 202,474 1,976,285 3 ; 338,61t» railway—-— from Net —V-. $3,267,770 1,635,047 oper.. income— Net i , " $3,159,325 1,414,579 108,911- 1 100,000 100,000 750,000 & E. Masten 750,000 Phillips Co.__ Collins Ccoley v * i Inc. Electric For !i from., kiuiianey, woss &- Co.__ Nashville Securities Co ; Inc. Julien 2,399,407 3141. oper.' Income: Prom.Jan.,lr— \ Gross ' 1943 1944 ' $3,018,dl6 ' DIAV/IAAV* thereof : 1945 194d $2,032,122 -'480,033 -)♦ vrrhr matner & C0._3_ The Milwauke Co-.____ - & — Caldwell . 1,622,961. *512,804 *761,588 A. Company; Inc Byllesby-and'Cb". M. v,.'?;jiV & Potomac RR.*—Earnings— - Co. Burr & '144,139 , & $4,075,000- Inc; 1945 .*155,677 Stuart Redpath • " - ' • The Bankers 'Bond $551,765 *107,716- Co. headed Net ry. should railway: railways * Ret from AUchincloss.i; Parker, ' "I -Earnings from from Net' ry. inc. . similar coupon. Col part Associated ' were awarded June 26. The bonds on a bid of 101.78 and the preferred stocfc at.TO0.dl9P per shaie~ '1 ' " Other bids for the bonds were Kuhn, Loeb & Co., Lehman Bros, and ©rexel & Co., 101.04 for 2a,is; and Mellon* Securities Corp., 1*00.5319 a any that "Penelec"-will divest itself* of alt gas properties 'acquired Co.- wicnin one year of " the effee-f??' date of the acquisition by it of'the franchises and properties of! A-Halsey, I for or ; Gross UNDERWRITERS' OPl BOND3-rrThe^names, ot the several undar^1 of the bonds and the prinoipal amount underwritten by each, are as follows; '1 Co.; .Lehman. Brothers, and syndicate which offered 101,000 shares of cumulative preferred stock, 3.70%, series. G ,<par $100) at $102:50 per share ind div. * to Richmond-Fredericksburg Net writers June' 29, 43;324,000 jraortgage, bonds, 2;/i% series, due 1976, at interest, while Kuhn, Lbeb ^rexel' &. Pennsylvania 'Edison oiuio^iyuriift *au*gou r Bennsyl$aniaEdisori Cor, or within such- longer period as may be The- SEC has entered'am order'approving the; plan,, securities totaling #53,600,000 Were offered to. the public June: 28 by two separate banking syndicates. Halsey; Stuart & €0^ Infc., and associates- offered $23,500,000 first ' of UL lespeeuve reutmpwon premium.* their, liquidation- preferences and" Fauset, Steele Pennsylvania preferred-stocks |/ivi.ciyw70twoA0 v irreir- initted. - p. be five 404,038 1946 • V Gross: from 892,464 ' « $301,422 , railway.— railway from . cumulative ;*.;U:-;r.; . at plus dividends , Gross-from Net $50, by .it* -fromv Pennsylvania--ckhsoii- / (Del.) —Weekly Output for- the week ended company as Northwestern Pacific RR. . and the, SEC nvo ' _ ;, May— $75 . corresponding weekrlast year, • of of Electric-Co:, in connectioun. with the' Plan "Penelec^. by stipulation-has agreed to 'the entry of an order by 96, 2996. Ndrthern States Power r 3,224,675 607,634 249,762 *134,6681: • will v*V * t Ret .from effective- date 5 finally; determined that such-holders should not receive anything addi^.*1. tionai -to their .respective? liquidation preferences, the funds in escrow «eivrinn . • * ' A 129,415 w.j 114,004 51,434 V 39,403 *13.6,184 Prom Jan. 1— Gross: from* Electrio output of the operating companies served by this corpora* tion, for the week; ended June 2j, is, 46 totaled 190,935,000 kwh:, as compared with. 193,109,000 kwh. for the corresponding week last year, a. decrease of 1.1%.—V. 164, p. 13. Pennsylvania (hf an amount" payable by reason of the nonpayment on the effective date of. the- plan oLthe respective amounts pursuant to (a) above, the, funds in escrow, or the proportionate- part' thereof,- - will- be • distributed to such holders, any balance being returned-to? Associated Electric Co, If it should be " : , 19451944 X *64,654 inconje- :;!) ; , % $512,432 from? railway— from .railway Ret the receive-(a-) - ' 1946 .Gross \' jNet „ of .■ $4,212,438 I Norfolk Southern Ry. - Co, -(now JPubJic Utility Engineering & Service Corp.—Outputr-* „ series- the plan,, and for the dissolution of "Pened." The plan provides-that Associated Electric Co., parent wilF deposit Jin escrow, at the effective date of the plan, the'sum, of $!,-( 000,000 in cash.- If it should- be finally determimned that the holders 7,807 "21,833 459,372 19,466 , 1 bo.a bonds 4M*,% Power liquidation-preferences the to in. addition to I J—V~ 164, p.-11 Light and CO., their respective 19,530 - Penn- Central accrued 7,156 22,466 - add ; " 527,577 - 1977 104 and interest accrued to, Nov^ 1, Penn Central Light &" Power Co., outstanding Edison-Co*.)-first-mortgage; •Edisoiv Co.)* first Total *, - __ bonds on ; redemption-by-"Pened,"* at "264,274 7,316 2,307* 202,367" - due, v* " ——,™*. .Unamortized prenrium Reserves* ,_v accrued Other deferred credits . 262,044 , ,, " Other „ 1,191,000 1,000,000 r 14,691 mortgage-gold bonds' 5% series due 1979, for the, ■;« *-'24,946 ^retirement: ofVthe>outstanding- cumulative preferred stock $5* series and.-'-'t; XXX? 8,342-•! %; Cumulative preferred stock $2.80 series of Pennsylvania Edison . - the X 1946, -of all the-then •; '(now Pennsylvania $1,026,800 ' pay )i —i-._i.__ -. 531:410/ 653,864 f;' 361,444 ,rl . -- - — Siuirav Oil? Gorp< ,r;..,, T:, _ . . *— 1946v.*'ttmimd^ei;;^:li2^^;9flft . , non-affiliate, I"br the £2 months.* period, ended? June 30, A: fhe gas ? A.'anately ? v fob distribution system in, Johnstown $795,000,'- * ' Under date? o£ October. approximafeljr $1,235,000,: 1946; the? gross revenues from; i ■ - ftpprovaia? and off *ail-Not?that, • tne approvals- of* certain other Pennsylvanlat Edison;. GO./ to. the. entry, of- am order; by trier Securities; an& it will'dispose of aILsu«h. GOmpanyf Exchangri gqe propertiesu.. i/'i j OF FRANCHISES AND PROPERTY OP PENNSYLEDISON CO.-—Contemporaneously • with; the • issuance of" the securities now Offered company wiir acquire 'all of „the. franchises and aasqete :of Pennsylvania Edison Go., an affiliate, all the common stock of ■which'is '. • - .347,91ft 4S6;iia ;*: '.f X 3*27.12»?.* money borrowed, rnd will assume and agree1 to $iay • ah debts* and.' liabilities of. f,4Peried" exiting- at- the date pf settle«nent with "Penedl' except* the liability* oft "Pened" under its .1st mt&e; |>oncls and except any liability which may exist to the ^"Pened" in the dissolution stockholders, ot of "Pened" resulting'from* the sale of-all 4he franchises and assets ot '■"Pened*." Fhr the franchise* arid* assets -go to. be? acquired. "Penelec" will* pay to "Pened" in cash the sum. .of $42,451,400 which, will be obtained by- "Perielecu as-outlined ■■ above. j The? acquisition, of all: of the franchises and assets of "Pened" is* "plan of liquidation of Pennsylvania1 Edison? Co." filed the SEC withe pursuant^to Section 11 (eh of the Public Utility Holding Com-: pany Act of 1935 by "Pened," "Penelec" and Associated date'd as of May Electric-Cor; 1, 1946, The plan provides, among-other things, for the acquisition of the franchises ._ a and and sale assets of "Pened" by "Penelec," by "Penelec" of the securities now offered $1 par/-?——■/;•?/,*;**^v r. •'",-»>*t ' ■*' " contemplates obtaining $40,000,000 on the effeetive? dkt<^ the merger: through the .sale of. long?term, debentures- orr long'-terxa ? deheirtures* and; term notes -to banks? and. by the sale* of: approximately 1;000,000, shares, of common, stock.r The- proceeds,-are to-be used far the-redemption of "the outstanding. 15-year 3%%. sinking fund: dehew* tureSj of* which $12,350,000 are now otitsfaridirig arid to purchas;> '555:714, - 614,698 141; 157 , . redeem old Sunray preferred stock, series A, to he. called - fpr?-redemptionz as> of July 07}; at- $4450 pey; share,, plus- accrued dividends, ' A$ of May 15r Sunray. had-issued and- outstanding" 175,695> share® Qt its?, preferred: and* 0011,743 - shares of common stock,. inoludiinf- v i{ May— Gross ; ' f I !» from ( iMlll944*:.-v'*;.f 1943/ I:* ;: $607,594 i. $735,523 i" 107,093;: 317,93ft ./187,684*: t.J 141,005 191,28ft ,C?;i?1 '5-t railway?. Net- from: railwayto.^ : 228,213 * Net;. ry> .aperi income^. : owned by Associated Electric Co., free and clear securing indebtedness for of'all,;liens the-Issuance common, > or . for ? -Thee plait ealls-for Sunray preferred to be issued in series, witb.th» within, ene- year* following* the effective dat> % of • ACQUISITION "VAN IA part of :: a v. Sunray ^ . Sbas? agreed Merger— qt\ Jhq; merger gnd.; will. eppsist? of; 525,000: sharesi. cer-* necessary company's- remaining^ gasJohn. H. Ware, properties^ to 3rd, $ nonvaffiliate^ for* the base, price? of »ubject to; adjustment? for suclr $60,130,-:; lteme as * capital, additions, taxes; etc; Upon receipt; of; suchapprovals,'; this* • salet wall; bfe csonsruntnated andi ithe" only." gas properties remaining, in the; company^; system, will: bet ' ithose-:presently: the property? oL, Commission'that on ffrsti series to? be- issued 22,.1945f Pennsylvania |ntoj a; contract for*the aaler suhject-to seouring* *; :' 4aiEL regulatory bodies^ having jurisdiction •? .. shares- of arid -To Vote A special meeting of stoekholders will be- held* July 19 to consldc^ tha-merger Wittr, cmd( into-thfa? company of* Transwestem Gir. Cih.^_. ' Sunraf OH' Corp;, the1 surviving corporationr, will have an authorize® Capital:.stock of? 725)000? aharee- of- preferred; $100 par/ and: 5,000,06*1 - . Proni January L— Grose: from Net from Net-ry. V, ;. i railway railway oper. 163;. p. 1,643:313'20,382 income- 18,9.45:'. .• 2,947,45^ ' *3,353,119 1,295,364 -940,388 1,305,868 1,037,181 A; 696,069: ?: 782,399 3)401,909 ' 3143> Reading Co.—Earnings— ,j Net frbfn ry. Gross railwayi-^™^? 756,034 * oper. income^— 255,443 January The; in/the trecisury. ?/ 4**"- > ? that; all" outstanding, shares-, of Transwestemi itocfc-on the effective'date of the* merger will be converted into 0.7-shaxe of Sunray.,preferred,,stock, series A. Transwestern had 75D,Q0ft Shares of*" $lft par Capital stock outstanding as of May, 15.. ! >'• 1 The1 companies have' agreed, in "effect, that if the contemplated, Sale ofr debentures and common stock to raise the $40,000,000 is- nok consummated: the agreement, of merger will be abandoned, ;vx Traniswestern'has agreed- ta transfer to Transwestern: Royalty GOL,* a - new corporation,, all' producing "and non-producing oil and ga® royalty.. ihterest. and " overriding royalty interest, owned by Transwesterrr Oil* Co;, for $.750,000: If" effected, prior to July 31, suciX transfer, is th be subject, to the rigfht of Transwestern Oil COi to re¬ ceive gross ihcome*' from* royalty interest; so transferred until that data These-royalty- interests were -carried on Transwestern's books aril merger provides . *"May^-""'"::Vs '* :* "' 1946 from railway-—^$7,314,193 From 1 ' Gross Net . shares. held l-r^A;*:V -■ from ••1945 1944 $8,912,813.: $9,907,528 '1,996,915 3,117,030 1,192,549 - 1,297,497 . 1943? J $9,653,937 3,270,420 1,608,068 ? railway-^-™ 40,274,589 47,541,666' " 48,934158 * 40675,534 Net' ^rom railway—_„^r,: 5,510,540** 13,147,159 -15,505,503. 16,858,324 N^t ry. oper. Income .1,978,340, 5,608,241 ' 6,366',542. 8^767,223 —V. 163, p. 2988. , $742,908 ^ Ml of on-March the stock 31. ; Transwestern rate; ot one sham^ of of, Transwestern.? Gil; at p. 16. ^ . of Royalty Cq. will be offered T*ra shareholder?' of Transwestern Oil Co. at th» rata? for* subscription: to Transwestern ■ . CP. ..for, each 10 share* total of. $900,000.—-V, 164* Royalty $10 per share, 'or a ;.*? •* - .' * v ' . - •* . , ^ »;r( '>■ < > ' ■> ,. 'f*t ' f r Sylvania Electric Products, Inc.—Annual ! Report In the of sales The • '■ :'Se;"'\ky-' '' V'1 '"•■'•V ! .J ■ •'-*< v • t .. and sheet (see report in income net after taxes affected. ' not was >• ■ i u-; > AS SHEET, AT DEC. hand on tU. S. Treasury bds., 2%% Investments in consolidated). (not 3,656,183 Deferred charges and sundry assets Licenses, formulae, contract rights, etc..— 1 ..IL—: Total LIABILITIES— Accounts i income ... 1945, year income In 1945 to taxes ! last year. number the of Jan. On Federal with-73.0% compares of stockholders common INCOME ACCOUNT Capital surplus Earned surplus i/// ♦•Treasury 1945 • .i- • c'4.».'V < ,t —; stock ' * - '."'S1. % Depreciation and amortiation Taxes (other than Federal taxes mortgage HRepresented by 154,186 no and 1,057,441 1,736,366 6,079,999 10,280,452 413,030 May— Gross 10,785,091 111,786 43,805 93,275 10,693,482 Net ry, 338,257 income 0 in 1944. Interest _i!_—_!—— '■ Amortization Call of premium Interest : a- - !-! discount and — . expense —— — . • notes payable— Interest Other on — ——— Payment on acct. of past service benefits, ployees' savings and retirement plan— Additional amortization of for Prov. postwar adjusts, for Federal normal and Net income !!—!——— Preferred dividends declared and paid——— Common stock dividends— 2,136,279 ; 76,000 1,256,250 share— common - — " — Cash under Cash surrender Cash and chase U. value S. insurance policies employees' Cash required for sinking For $4 cumul. tFixed assets income Net tene- Discount and retired on /':i944 balance) Total 6,007,457 652,068 483,703 ;; 5,499,094 of Prov. Federal for 314% postwar sinking Reserve for / on income and for sav bonds Trade stock Capital 4,051,970 <') no par 3,770,000 52,782 dV,' 56,038 .. 5^309,257 for — .doubtful —— accounts of 7,537,500 7.275,488 in 4,557,332 1945 and /. Pravlsion for depreciation, obsolescence P in 1945 ond $5,456,545 in 1944. final result determined of renegotiation 1945.—V. 163, p. in of war and $As amortization, adjusted to contracts for the 1482. reflect year sales SS5 saies „__ Chipping, sell., gen. & admin, exps. Net operating profit!:.—„ $974,974 118,541 69,385 $2,180,792 /' 650,103 510,500 $1,093,515 $1,177,791 281,087 218,016 „ 423,213 Hill •Prov. for Fed. inc. tax & surtax Net profit for year— Depreciation charges against Dividend Divs. on Earnings on on common per stock in 228,702 221,426 410,062 $512,573 cash_ share $536,562 77,088 §234^494 "$0~.33 $3.77 tTn^?MeXCess Pfof,its tax is deemed ♦Include quarterly dividend of a $460,428 247,897 410,062 stock payable in stock common 352,000 $1,020,189 opers._* preference stock com. $1,108,406 ■' Total income Other charges ' necessary necessary by ($100 par) stock par) —— 70,940 240,000 508,190 350,342 2,063,634 $5,133,634 - $4,638,262 crediting U. S. Treasury tax notes, including interest, 8100,780 tAfter applicable tax credits. fPar value plus interest. fl As a re-! , , 15. 164, p. Proposed— p. 2486. Oil Corp. above.—V. 163, tax i ' i 28*091 from to > 1 provision its \ • *' ^ $630,584 140,029 ■> 276,850 21,506 On the basis the for year of 799,005 < U. $0.86 the management. $102,515 declared In December, 1942. Sited onTaned21?1946PaiCl in 1943, SRePresents e.QS& fihares disi charges income 2,733,066 $8,116,173 787,748 ; 323,310 559,000 ^ _.A years prior to income . »'•*;; made for refund for the such stock, this year 1945, for Income—.161,456 282,641 156,37(1 $1,584,013 $1,058,476 year 1945. in a amount of $14,339. net tax returns for •//"%<:? ir the S " "y years 1945 — 1944 $2,179,768 1,290,000 _—. 2,843,958 3,473,729 .. 3,009,524 $^,927 *. 3,415,643 , 77,813 . . p5,93l 41,388 ' " 72,118 92,878 > 1,000 10,526.896 2,313,890 332,960 f "7 Sinking fund debentures due within one year— !> -----Notes payable for purchase of prop. ;(secured)__ ?/;. $48,650 ,v« f 1 axes -— liabilities current contingencies..-- for stock SCanital v — / 1,194,587 r payable——.% 2,945,944 ———— 271,649 — 9,535,781 Capital surplus — Earned: surplus |: 793,642 • $625,000 13,006 ir.:-''1, ' Sinking fund debs, and notes . ■ " , (est.)— .. Miscellaneous Reserve 1,006 13,541,750 2,327,771 337,183 ' ,,,, Inc. & exc. prof,, taxes 11 Federal Othpr o^nao 5,859,089 275,77a 9,535,781 2.256,133 t; —- . 56,133 b,o94,Jo6 ' $22,425,198 $26,472,874 Totai doubtful accounts and discounts and allowances of $148,337 in 1945 and $164,144 in 1944. tAfter reserve for depre¬ ciation and amortization of $16,609,882 In 1945 and $10,836,108 In 1944. ♦After reserve for tAfter reserves for depletion after the applicable tax credits, to a reserve for which had been 1943 $0,000 $22,425,198 $26,472,874 1 !_———— Total 77,427 50,006 - equipment— Accounts payable provided through charges to operations of $10,000 in . %■<, •. leases and equipment LIABILITIES— , V amount was charged amount of $15,000, In the — Deferred charges : <. ' *'/v t (pledged)——,—— •___ tTimberlands, 1941 / After providing cost, This $0.83 • 1944 and $116,506 . bonds & credit postwar tax credit (est.)—t——«— resulting products in the peacetime period. 1944. refund 381^334 , $1.25; $2,264,684 364,816 91,019 : tLand, buildings, machinery and J>y: . proceedings conducted by the Federal Government completed for the year 1944 and an agreement reached contract renegotiation 953,336 DEC. 31 " tax savings notes 2nd mortgage at cost for dividends on is equal to $1.52 per share on the common as compared with $1.55 per share in 1944. resulted S. Treasury Other assets the years year the company's 1,066,000 43,611 year—^2^1- '$1,646,467 Employees stock purchase loans—!——— loans to employees——-r— Accounts & notes receiv. (not current) 1945, have settlement and certain other adjustments r 4,262,000 110,389 Home $9,504,624 Renegotiation been ______ 275,827 482,813 hand and in banks———— on U. S. Gov't of Federal compared with $408,000 the . 875,404 / Inventories Net earnings for 1945 after deductions for Federal and State income taxes, and a reserve for war contract renegotiation, equalled $401,000, for 263,951 - 2,689,462 . make any 1944, \ need of preferred of excess U. S. Gov't exc. prof, tax refund Accounts and notes receivable— 759,910 / the of war facil. in for normal depreciation BALANCE SHEET President and Chairman, said in part: 1945 were $9,768,000, the largest annual sales volume in the history of the company. This represents an increase of $919,000 over 1944 sales of $8,849,000. This increase was accomplished Jn .a period of. war contract termination and reconversion which indi¬ the 131,513 $4,299,109 304,590 ASSETS- the company has transferred to surplus a/ contingencies, less net cost of renegotiation 1945; reserve the 180,792 $8,137,038 1943. Cash 1,033,000 549,300 3,317,431 >- 'r for 289,892 Dividends—-—■—.1.080,485 • Earnings per share———t-'v$1.30 'After debt retirement credit of $468,000 in in 10,989 25,714 *2,702,288 . 500,000 488,600 759,910 ! , (The) Trane Co.—Annual Report— Sales 5,645,220 $9,522,433 '393,001 , — —— Net Income for - $592,996 8,214 6,062 1,445,274 .... ' 795,980 the year I war — 23,742,142 $9,504,624 >»:( )** : —— does not expect to of $9,232,541 —— — 32,297 !Prov. for Federal income taxes—— ' .500,000 * •Federal exc. prof, taxes and, for" ' 1944, reneg. of war contracts 4,060,000 Federal capital stock tax —39,750 24,732 $8,116,173 >» ;___ examination stock $4,167,593 Other 69,346 bonds 1944, inclusive.—V, 162, p. 3239. the $7,956,246 prov. 1,428,021 : (151,982 shares) settlement for ' <■ Interest 533,000 1,692,049 ^_iy,..!!y■.,r, /During u, $33,554,953 Gross Income 2,837,263 contingencies stock Corp.—Annual Report— sales'.$41,391,116 $39,021,078 Cost of products sold—-—— 26,417,863 25,728,567 Delivery, sell., adm. & gen,, exps.— 5,740,712 5,336,265 Amortiz. 3,068,359 commissions stock company in 1943 $1,383,304 797,488 —— ' savings concluded. which $14,036,367 $12,847,785 $11,941,631 11,529,591 10,773,338 9,733,195 1,223,472 1,099,472 1,100 000 Other income Dividends 1944 ($2 surplus Other income ; f NOTE—Renegotiation proceedings for all have Thatcher Manufacturing Co.-—Annual Report— 1945 939,920 15,000 1944 tax ♦After tax notes of $1,000,000. 1944, * Calendar Years— $450,239 67,144 225,000 508,190 350,342 1 2,243,847 —. Calendar Years-nv con ^ 2,742*261 «. Total $52,658,896 $55,427,644 $208,686 stock Union Bag & Paper 353,122 surplus as VS war surplus cates ———— $664,761 1,068,350 6,000 Net ! Reuben N. Trane, / 65,757 ^ taxes - .7,275,488 ~_w — 3,991 42,358 $4,638,263 profits taxes— excess Transweslern Oil Co.—Merger $1,368,324 ; 501,677 23,889' for $1,166,185 shs.K>: 7,537,500 — ' $5,133,634 —— Operating profit 42,469 payable income portion /, surplus Provision $207,872 in 1944. profits excess and wages Earned $1,182,406 55,992 / 254,908 no^V expenses See Sunray - 1,203,383 taxes Common $4,402,666 ^10,175,000 surplus fhL tne accounts Preferred 946,685 100,000 income & Other faxes based on Federal 834,038 , (outstanding (outstdg. 1,005,000 Earned —V. 40,936 379,955 $3.85 'y,^:: $1,227,023 501,677 charges Employees' 155,416 1,648,109 700,443 105,124 188,717 185,442 $3.46 — Payroll re-.:, pensions— Total refund of Accrued 1,649,664 (contra) \ :; — renegotiation of war contracts— for 1944. $626,056 " 1945 LIABILITIES— 1 1,059,845 shares)-. Common ' Land, bldgs, and equip, (after depreciation)..! 9,660 1,371,634 —i. debentures stock .a— share.,— common - been adjust, and other conting'.: fund cumul., pfd, par per Deferred royalties negotiation of Government contracts Prov. for Federal and State taxes Res. ^$562,661 Other assets' (after-.reserve* $7,500,000 $18,000,000 3,262,478 4,586,002 expenses ___ 425,484 § After reserve for doubtful accounts; returns and discounts, suit of accelerated amortization of emergency facilities. 316,722 a,729,420 /5 196,802 » 37^576 379,955 above . terminated rentals, — Employees' funds, U. S. y • in -.;.y *y,;■ :;-y ' Postwar 43,805 2,412,157 payroll, taxes 43,420 316,000 , 1,069,645 payable ———!— State & •After in *1944 ; • 1,119,000 „fi ' contracts returns,, allows, and inisc. for . 1,385,236 y ; 15 surtax Treasury certificates Excess profits tax recoverable—. Accounts receivable (after reserve)....—...^.* Inventories ::: ,;y 4,942,901 10,290 ;'± Co. Total 1,491,693 dividends Accrued banks subcontractors 'i under Government and profit _j_ depreciation reflected Reserve ' . 1,342,872 23,280 485,650 refundable of Canada, Ltd.— taxes —————— Common 7,962 1y profits tax:..- Capital Provision for accrued and other items Res. for expense - $52,658,896 $55,427,644 > ——— 1,197,226 1,107,896 1,468,718 inventories cumulative preferred 6% $4,049,487 ASSETS— ' ; — , income Accrued 857,267 405,125 239,424 9,054 u. S. fund payable Claims 1945 (net) Cash 2,500 in* 1945— -——; Accounts 996,647 499,675 334,380 ' tl;957,368 655,737 _, ; LIABILITIES— Notes payable to 865,810 193,572 45,743 Total 935,414 : 1944 150,109 •Fed. CONSOLIDATED BALANCE SHEET, DEC. 31 199;309 —.-v-/iJ+M ■ 31 $462,528 Accounts •Reclassified. 254,908 Patents and license for use of patent (unamort. Goodwill AMERICAN COMPANY, DEC. OF 500,816 100,534 tReserve administrative and other expenses- Earnings 2,500 314%. sinking 165,162 $1.52 ■ $1.55. . Capital surplus paid^ Common .dividends paid.^^ 43,071 ——— expense debentures 16,119 14,839 203,276 share-.—. 1945 Earned Prov. ior pur¬ subsidiaries — 13,960 —w—.254,095 t $1.52 — f/XIABllJTIES-^!'::://^ 6,600 *16,762 funds: wholly-owend $401,136 $2.04 ... for 12,378,080 pfd. stk., payable in 1946 skg. fund debs., payable in 1945— Postwar refund of excess profits taxes —; Prepaid expenses and deferred charges in /; $408,214 $330,746 Total $3,523,720 excess For 314% Investment * J , Manufacturing profit Preferred (contra) , 63,717 normal income tax 55,992 life savings bonds, account ^^ > $102,659 67,044 income— Federal 6,683,209 8,783,951 473,384 market values) or $401,386 hand and in on HFederal > ^ % $235,850 138,131 92,028 100,557 966,980 231,989 Interest . Government contracts Inventories (at lower of cost railway—.. railway— Federal 1,865,320 terminated 10,000 earned surplus——_ banks——-——!!-—— 1943 r imSIi 1945 ——u--——i.—: reimbursement .... 5,000 Investment in Trane $226,349 , 2,053,235 provision - for :707,200 ■ "»• 6,000 Land, bldgs., machinery, equip., etc. (less res.) Emergency war- facilities ——w—!—« Sundry investments and receivables 1944 24,263 Other $12,981,884 $12,094,070 U. S. Treasury oblig. at cost and accrd. int.— / 8,180,673 6,570,097 Postwar refund of excess profits taxes, receiv¬ able Jan. 1, 1946 ; 1,110,249 £ Accts. receivable, U. S. Govt, agencies 5,542,822 2,380,974 •Other accounts and notes rec., cust. & others 3,652,892 3,633,156 Reimbursable expenditures under U. S. Govt. contracts 798,350 ' — 18,091 CONSOLIDATED INCOME ACCOUNT FOR CALENDAR YEARS ————— Claims • • * ' contracts— shares 1945 : BALANCE SHEET, DEC. 31 ASSETS— 65,000 182,000 478,000 tax war Prepaid and deferred expenses *19,074 v- ■ income... from from ! ^As adjusted. Pi .CONSOLIDATED } railway—$194,104 oper. 6,466,922 . $2.05 . and par shares. ••Represented by 1944 and also by five common 1946 from Selling, per of common Merchandise ♦Deficit.—V. 163, p. 3185. N 833,322 6,072,157 •After deducting returns and allowances gotiatlon of Government contracts,, 82,500 172,500 surtax— %% certifs. of indebtedness— Excess profits tax refund bonds — — §Custoraers* notes and accounts receivable—- $7,886,153 ttSecured by U. S. Treasury bonds.—V. 163, 2771., !y\ V y ^ '7' ; '/; 1 '. \ Net ry. oper. 12,864 647,682 Excess profits tax——————— Earnings and BALANCE SHEET Cash Thew Shovel Co., Lorain, Ohio—Annual Report— 981,562 and surtax tax Net 69,859 - 1945 from railway—. Gross 6,467 35,649 conting— other in /FroniJan.l— 5,512 3,950 481,924 , Prov. 126.804 em¬ for 1944 and prior years—: Miscellaneous i.—i.—_——---i——— shares ^ facilities emergency 87,050 182,950 3,937 , dividends .ASSETS— 2,019,600 2?r768,75Q Texas Mexican Ry.—Earnings— Net Income 96,414 _ (net).. 198,468 // Other income total 84,452 emerg- 87,168 $25,000 in 1944 and $33,409 In 1945. fPledged bonds. §Represented by 132,000 no par shares. preference jj, •' >vV .!/ 126,792,723 100,398,043 Selling, general and administrative expenses— Operating of reserves secure 82,888,005 649,503 1,554,467 5,025,617 t income)— on 116,827 of ♦Including $27,027 dividend received from Canadian subsidiary. • U,669,673 ——$8,924,042 ♦After to 182,764 v* tax profits excess Earnings per 1,320,000 60,094 $1,233,550 tU. S. Treasury 11944 (other than depr. & taxes)- 107,762,188 sold cost—— ,*482,942 93,088 v I Cost of goods at 10,156,729 628,362 !■/;» sales ♦Gross 1,320,000 1,745,173 125,921 2,395,234 JDr768,695 *80,611 $1,459,866 sundry Common dividends • 1,962,712 $1,172,456 81,713 applic, tax credits Preferred 260,626 75,713 stock—234,494 CALENDAR YEARS FOR 143,853 i;: 1943$7,838,551 4,703,383 1944 1 • $8,849,087 5,534,994 $1,379,255 tax inc. Net. profit to 500,000 repairs stock Total CONSOLIDATED y income Prov. for reneg. after 1945-• $1,596,500 amortization normal Federal 102,515 1,900,000 ttl,500,000 note furnace Fed. numbered 1,052. 1945, the preferred stockholders 31, for Common •/.:; ■£? increased from 5,908 2, to 6,872 as of the end of the year. Dec. Reserve ' "" ' ! profits taxes and surtaxes for the be $7,053,719, which is 72.9% of net and provision for contingencies. This excess estimated are before 15-year 3'/2% • company facil. for prior years ency : 352,000 : 'i"'•'^V'v<^'V allowed, prov. for doubt- Wisconsin 515,668 <-'C". V'*, ■■":■■-/'m 2,340,451 / 1,934,837 ful accounts and 254,706 taxes. 15-year mortgage bond (int. 2V2% until May 1, 1945; 3V2% thereafter)—see contra , taxes, Discounts $588,619 309,897 102,515 / '* $1,514,787 — Accelerated . $824,269 payrolls, etc dividend payable—^ income 1, , ; ——— Total $7,886,153 , '*"- $9,768,873 5,913,634 from Canadian in 1944) 1 • $8,924,042 1 , taxes, Preference . • , payable Accrued renegotiation of the 1945 contingencies. received 2,695,889 128,725 236,286 — ' •• ° sold goods Operating profit Other Income (lncl. $27,027 dividend ..tr- corporation has been made by reduction of Federal 3 s: reserves),' • of Operating expenses 35,842 Land, buildings,'machinery and equipment (less Reserve for related machinery & equip, repairs Convertible cumulative $3.60 preference stock. Stock dividend declared on common for the Cost 915,348 — Calendar Years—K Sales 1,501,838 1,500,000 ,16,914 1966-71—see contra subsidiaries / 260,567 ;/ market). other the $4 i'«y ''*}'*■■ t Il?v•;'''"-.Vfft ' yg INCOME ACCOUNT'OF" AMERICAN COMPANY ,^£4 V; • 1,320,856 employees) of excess >/' ■'■ Monday, July 8, 1946 $831,027 1,069,123 80,902 — (including (at not in !y/. 1944 1,600,000 Reserve for Federal r £, I'd** f*i ft t $960,689 - Government war business sales by an amount reasonably believed refundable based on experience in prior years. If this provision for renegotiation should prove inadequate, the excess if any will be charged to the reserve for postwar adjustments and Provision as l-n, < 31 1945 ;';; y/y:/:/<■/.:■- v and receivables Inventories averaged o.i/v 'i : V , bank S. Other of 1944 war business has charge of $292,318 to the reserve a in Government obligations—tax notes & bds. •Customers receivables been completed and for postwar adjust¬ other contingencies. The 1944 income account and balance below) differ from the figures shown in the last annual that they show final results for 1944 after renegotiation. in ments The v ' *' • I U. renegotiation resulted BALANCE : Cash year, 1940, 1941, the net income 1939, pre-war years the for income net . ,::Tf ASSETS-— after provision for th® renegotiation of 1945 war business, all charges for State and 1'daerai taxes, and after provision for postwar adjustments and otner <20 tingencies, was $2,136,279, equal to $2.05 per share on the l.OUo.uuu shares of common stock outstanding on Dec, 31, 1945, after deducting the preferred dividend of 76 cents a share on the new preferred stoct issued Oct. 23, 1945. This compares with 1944 earnings of $2,0bJ,^o, equal to $2.04 a share on the common stock. The 1944 ft$ur®s J0®/™, the last seven months of operation of Colonial Radio in tnat year. Net income after Federal taxes for 1945 was 1.7% of net sa . Consolidated of HT' THE COMMERCIAL & FINANCIAL CHRONICLE 150 v :.vv-f••>£•":'jYfit!-">j,*,.:.'^*?♦v-'f': \:$ of and $5,000 and depreciation of $736,211 $564,406 in 1944. HAfter U, 8. Treasury tax savings 184 in 1945 and $4,710,000 in 1944. / §Represented by no par in 1945 and notes of $3,785,1,271,437 shares value.—V. 163, p. 2771. !/-v/ . in 1944. A reserve for war contract renegotiation in the amount of $6,000 has been provided through a charge to 1945 operations to cover any refund which may be required as a result of renegotiation pro¬ ceedings of the company's war contract business for 1945. It is esti¬ mated in / that a of excess Unfilled refund, this if any, amount. business at the after applicable tax credits, will not be government controls must be business. . considered in any estimate // CANADIAN SUBSIDIARY—The of ■ • . company's Canadian subsidiary oper¬ ated very successfully in 1945, showing both an increase in volume of sales and net earnings. The sales for the year 1945 amounted to $1,223,000, as compared with $896,000 for the previous year, an increase of $327,000. Net earnings after taxes and preference divi¬ dends increased from $24,000 in 1944 to approximately $55,000 for the year 1945. -Income and excess profits taxes'for 1945 equalled $54,000, as compared with $23,000 for the previous year. $1,385,035 $1,454,204 655,832 I: 470,077 515,607 " Net profit Dividends ' —— "-—————-,'! * stock outstdg. (no par)— Earnings per share— Shares 462,000 $678,301 298,414 , 418,000 394,500 $496,958 / $534,730 298,414 298,414 common ,* ,', 397,885/ ; $1.25 397,885 $1.70 'am m n n . J t>,oy» 393,000 $507,139 298,414 397,885 $1.34 CONSOLIDATED BALANCE SHEET, MARCH 31, - 487,577 , ASSETS—Cash, $1,476,613; U. S. Treasury bonds, - , , $1,394,31$ ; - ,r: C " $1,796,133 FetdaxesC(est. T------- , ,1943 t Minority interests-—,.—• 1946 ■' , " /;, 1944 1945 1946 31— aft. deduct. Sra'inSeexpsge!-.a!Decree. & depletion—- beginning of the year 1946 amounted to $4,300,000. This would appear to indicate that the demand for prod¬ ucts manufactured by the company will continue on at least the present level. However, problems of price ceilings, material shortages and Subs.)—Earnings— United Carbon Co. (& 3 Mos. End. Mar. Oper. profit ' (hi fJCrt Wflrtt' 397,885 $131 1946 $500,000; account* (ntTftftlVl +0 €1 ■■ iVolume 164 Number 4505 THE COMMERCIAL & FINANCIAL CHRONICLE 286,403; notes and accounts receivable, $527,785; land, buildings, equip¬ ment, wells, pipe lines, leaseholds, etc.—at cost, $38,656,172; trade marks, contracts, etc., $1; prepaid taxes, rentals, Insurance and ex¬ penses, $268,069; total, $46,999,723. ' /' • /:!M;;V/'/:VlI;;!/I one-half cals, Inc. in . interest Petroleum of Continental Oil in Co. Petroleum Chemi¬ increase its interest in the latter corporation The other one-half of Continental Oil Co.'s interest DIVIDENDS Chemicals, Inc. would be simultaneously acquired by Air Co., Inc. ' Dividends are grouped in two separate tables. In the first we bring together all the dividends announced the > $298,414; ;,y CONSOLIDATED INCOME ACCOUNT FOR $676,777; reserve for depreciation and YEARS. ENDED MARCH 31 depletion, $24,226,689; reserve contingencies and taxes, $1,509,768; common stock (397,885 shares v* v 1946 1945 no par), Net sales $11,952,538; earned surplus, $6,921,396; total, $46,999,723. — $48,182,081 $40,536,741 7-V. 164, p. 16. Cost; of salesj,, ', 41,774,946 :35,022,339 current week. - lor Calendar iTears— Gross profit Deprec., 1945 from operations & loss nn amort. $7,179,501 i__ fixed Federal & state $9,031,579 $11,922,780 employees' retire. plan___ Miscellaneous income deductions— y\ , . J', v( 1 Total 173,905 Carryback contingencies of 1945 Preferred Common 200,000 *rN<^y^T'^eprec^a,^on March 31, 55,202 tiyely.. BALANCE SHEET DEC. 31 U. S. Treasury tax notes & tax —. — Accounts receivable, trade, not current— * 1,000,000 29,029 ' , and Total — drawings-— 2 U——— $1,500,000 1,044,218' . • ...... taxes.: Accrued commissions, royalties and expense—— mach., roll, and castings allowances. Reserves for contingencies , 7% - ' 597,000 ' 150,000 contingencies—~' Earned surplus —.J— ..Tqtal ' of in amounts inventories, (due to prevailing foreign conditions); $14,688,289 depreciation and amortization In 1944.—V. 163, p. '3000. of $7,113,949 in 1945 ' . *After §After :, _'> ,. , 1,754,834 108,800 | tracts 22,156,421 4,758,131 4,037,433 Drl7,172 Dr325,845 ..._ ; . | $45,978,851 ,w_. in 1945.. JAfter of reserves income upon for the years $49,039 ended in for the $3.67 at for other the as outstanding $1,831,612 was the on end year shares charges, share after provision year; ended March year per the 31, 1945. 49.9,241 compared with throughout for Federal income taxes Net March 31, 1946 with $1,690,795 the year represented capital stock outstanding per share on the 376,836 the of $4.48 ended year March of the fiscal, year. available for of shares The proceeds investment Recognizing this in fact, of income earnings the latter assets on the share per outstanding during the full therefore were producing during 'The amount York, Life i and fund $4,000,000 in the Co. to amount These payments The of $3,500,000 notes the on Mutual of Dec. as Life to provide, annual 1944 stock, in the Ac Olcott U. Co. June cn The S. 26,080 15, 1945 Insurance John Hancock each of declared / capital at of amount 1. 1945 value stock price a seven an of shares to of 60,000 shares acquire the this stock issued were $43 held. to Air Reduction net issued was assets $38 was corpo¬ share per Net ry. Net the stock common of pursuant share per the all of the on to offer an basis of to 500,000 are are issued of the Gross outstanding held in its treasury, ' - Net has company - to be been excessive. advised At the that time of its war this profits report, not were deemed on 14, Aug. 1945, ' were prime contractor imately been $200,000. reimbursed :Reconversion complished to utilize stock and an the a the company has not for the years ended the the and preset 1,027,982 negotiated This total therefor, from bv the a or proceeds has been claims settled as filed either company, filed were and have the been for to a peace-time basis has disruption of normal operations. predicated from $7,500,000 the sale on of the the Intention 62,405 of been : capital of 15-year 3% sinking fund notes to carry of construction of additional manufacture 9c 7- l60c ' Dow 4,923,448 Drug Co, Ekco (quar; Products 414% 16,506,417 24,201,639 9,349,723 8,288,090 1,409,979 2,726,446 2,511,884 20,827,182 17,074,614 7,255,409 3,793,060 , v Alabama—^Earnings1946 1945 1944 $528,799 $439,858 217.095 income.. Co., 187,226 52,784 55,275 - 19,191 36,867 . 1,561,066 2,211,987 679,721 192,657 Freiman (A. J.), Frick Company, 6% preferred Gardner-Denver ; rv. . railway— railway—— i 113,500 124,595 - income.. oper. 2,321,181 1 2,165,834 870,522 : / 275,462 General Wiieeling & Lake Erie Ry.- -Earnings— Gross Net 1946 from railway—. from Paint, : 1945 110,693 ... $2,427,538 832,118 1,028,380 994,160 117,191; 320,460 298,004 .**'P-'3:-'; : ll,822,047 10,034,816 790,161 V 4,981,219 3,556,162 May— '■ from from Net ry. railway—— railway.—— oper. $1,617,721 $1,850,781 v income— : 205,150 148,150 Net Net —V. from from ry. railway..^ railway oper. 163, p. income.., 3002. ^1. / i 2,024,281 9,130,360 8,487,663 1 243,838 V"- 1,110,546 - • . 2,460,520 1,589,446 7-151 6-27 7-31 7-12 7-31 ,' •- 7-19 7-31 7-19 '7-15 , 7-8, • 8-1 . 7-16 7-15 , 6-27 , 7-15 6-29: 7-15 7-15 6-29 7-15 "A" (irreg.)__, __! common $1.50 (quar.)..— Co. / (quar.) 6-19 6-19 7-20 7- 5 15c — 8-1 7-20 11-15 11* 2 25c — .... (quar.) (initial) 1 v- 7- 1 25c 75c ...... ——i.';' (quar.) 7- 7- 5 < : 25c . 10- 10-1 25c . Inc. 8-17 1 , 8-17; 1 -7-15 50c 8-1 7-26 (quar.)—60o 7-15 20c (quar.)—- 8- . 7- 8 7-15 8- 1 7- 9 $2 8- 6 ; $1 8- 7-15. 7-. 9 8- 1 8-1 8-1 4-26 (quar.) (quar.)__.— 20c Barbizon, Inc. & Power, $4 pfd. (quar.) Imperial Chemical Industries— I -l • Houston Light American, deposit rets, Corp., 1014c (final)—i—.—— common (quar.) , 40c preferred (quar.)_~——i : $1.1214 International Resistance, 6% pfdr ( quar. )_ • 714c Public Service, $6.50 . " $7 $6 6-30 ' . r 7-15 6-28 / 7-26 7-19 7-19 7-10 I 1st preferred-—- preferred (John) Shoe — Corp.--. —.—- 50c .8- 1 -— > 8- 1, — 58 S4c/i:.v8r. 1 /; — 15c 7-31 7-15, .: ——— Jantzenp Knitting $5 9- 6 , 1st preferred————— 54 l/16c 1st Irving 8,850,193 1,304,339 t 7-17, 7-15 f 15c Hotel 630,234 486,582 From Jan. 1— Gross 7-31 8-1 . 9-13 $1,997,424 / Iowa 254,558 7-15 7-15' . Holyoke Water Power Co. 1944 570,106 " 6-29 8- 1 8- 1 •414% 1945 7-19 t Engineering Works (quar.)—— 15c Lithographing, 6% conv. pfd..(quar.) 3714c Holly Sugar Corp. (quar.) —.V 25c/ 1,316,767 / 1,527,366 1946 5-24 7-15 8c : 8-22' l^c Shares $2.40 conv, preferred 4,873,693 1,550,744 2 Havana 11,236,102 685,527 ' 1^ 7-15 8- 5 $2.R0 ;f ; 7- 8-17~ 7-10 50c — (ouar.)__^^— '8-1' . 8-15 30c — - 7-10 9* 5 :''8-12> i.--? 7-10-^ / -8— 1" . Great Lakes 336,810. 6,918,323 i 7- 7-15 ' :; railway..4.. Net from railway.—., Net ry. oper. income.— V. 163, p. 3002. ' 7-10 7-31 7-20 Ltd., new pfd, (initial)_._ *$1.12Va f: 8- 1 Halle Brothers Co., common 1943 $2,215,272 $1,271,101; $2,424,663 railway oper. income... Net 7-25 ■ 25c (quar. preferred Globe-Union, 1944 6-30 7-11 7-10 200 ' ... common common 1st preferred . May— 8-13 8^1 7-25 25%c General Dry Batteries 942,429 236,025 1 8-13 < 8- 1 preferred Foundation Trust ? 8- 5, 1 7-15 15c —. Fleming-Hall Tobacco Co., Inc.—• 6% preferred (quar.)...— 1943 $447,773 131,659 7-19" 8-15 9- $25c f First Mutual Trust Fund Shares— $269,806 1,957 6-26 8-15 Grain, Ltd., 614% pfd. (accum.).. *$2 Federated Dept. Stores, com. (increased)— 75c 414% conv, preferred (quar.) $1.0614 Ferry Cap & Set Screw.,—r—' 10c Fibreboard Products. Inc.-' vf' 6% prior preferred (quar.)— $1.50 Fitchburg Gas & Electric Light (quar.)— 69c 3186. W 8-15 8-15) 9- (quar,)..—$1.1214Employers Group Association (quar.)..—.. 25c f 3,321,735 failway..... 6-27^ 8-1 / $1 Dunlop Rubber, Ltd. Amer.—* American deposit rots, (interim): Eastern Corporation Eastern Township Telephone (quar.) ; 6-21' 8-31 Federal ' 5- 7-15 ' 1 7- 3 f " (initial)— *$1.1214 16,536,365 railway- 8-20 8-31 < 60c 43%c r (quar.) — 3,834,687 Eureka Pipe Line Co Exeter & Hampton Electric ' 8-1 7-15 $1.05 15,786,957 1,042,105 oper. from Gross ac¬ research facilities,, and for general corporate purposes. time the company Is negotiating for the acquisition of 2nd pfd. 39,699,586: 38,513,508 Interchemlcal - of . . 75c ' 4,224,674 Wisconsin Central Ry ^Earnings—- the company- shares 1. (quar/)—— 16,512,843 . has program 7-22 7-15>■ f 7- 9-14 73,834 Gross from a approved. 25c f 41,740,682 approx¬ company war-time are as 7-12. — income. From Jan. 1— following the cessation of hostilities subcontractor, and claims expansion extensive ing plant At or with minimum Plans for cut contracts war 50c. Dominion Stores/Ltd. (quar.) Donnacona Paper, Ltd,, new pfd. 3,343,251 703,880 1943 from Net ry, >/•>••:> of 2,923,386 2nd officially advised regarding renegotiation 31, 1945 and 1946; however, it is expected that if any refunds required, they will not be material. .t. ' Terminations 9- 3 6-28-''. 8-15 1 March are 25c ": 7-17 1,944,068 —V. 163, p. 3002, the 23, been ry. Net year ended March 31, 1944, were 1946, upon notification from the War Contracts Price Adjustment Board that no refund was required for the year in/ question. This represented the third successive year for which the Jan. 8-15 Nf Y...—f - M Corp, 15c Dolese & Shepard Co-._._ f . $1 From Jan. 1-4Gross Net with 7-10 $1 Manufacturing $4,000,096 p. 7- 5". 7-10 f 7- 1 ; 8- I f Dodge 1944 from Net from authorized and conv. 2,068,369 616,593 163, May— for . shares Zellerbach, $4 $4,654,847 income.. • " 20c 1945 railway 7- 5* ; f . •• f — $5,326,570 1,839,846 534,216 oper. 8-31 8-31" 1 Discount Corp. ,of RR.—Earnings- _ 7-10 " 7-19 15c. '• - , 7-10 8- $1.1214 Co., common——.—. (quar.).,—— 1946 railway 7-15 7-31 , Renegotiation proceedings for the cn ?' - Western Ry. of stock¬ share one v the company exception of 759 shares which concluded « 1943 805,884 290,262 7-15 . 7-19 — $7,947,650 3,466,998 461,016; - National $2,925,113 oper. from —V. Co., Inc.;: in accordance with i the provisions 6f time present 1944 ' 6-20 f 6-27 : ! 13c ; —J ' ,±$) f Press,: 314%f preferred (quart)—..—, 8714c Co., preferred (quar.)_'„*. $1.1214 Davenport Water Co., 5% pfd. (quar,).^.._ $1.25 Dayton Rubber Manufacturing, common 20c $2 Class A (quari)_^.i_u.— 50c Delaware Power & Light Co.. 25c Delaware Rayon, 7% non-cum. pfd. (quar.) $1.75 Dentist's Supply Co. of N. Y, (quart>_..!/—*: 25c Detroit Casket & Manufacturing, 6% pfd.j,^ f ■' -200 :' $7,956,435- ■ - f 25c ....j railwayrailway- from Net ry. for which *$1 >, .;•>/ - 31,335,121 5,305,139 from from Gross Dodge that of to The agreement with that company. At 1945 7-20 8-15 $4.20 preferred (quar.)— From Jan. 1— proceeds of this sale, after deducting $43,318 of expense of issuance and distribution, were $2,640,097. This stock was sold to stockholders or to purchasers of their rights, except for 1,707 shares which were unsubscribed, and which were Bold , $8,819,840 751,404 r May—Gross Net *40c Curtlss Candy 76,243 -■.■"-IK-.1.-- - 1 7-15 <- ... 2,529,330 Western Pacific Mutual among other things, for of $420,000 between 8- '>/7- I —- , income of Co. Chemicals, Inc. obtained net assets of $2,280,000, Including goodwill. The entire amount of goodwill, $81,229, was charged to earned surplus during the year. In March 1946, 62,405 holders 137,178 57,682 .. 7-15 23c — 95,743 . 8-17;, 1-15 31'/4C . 200% 12,923 61,741 1: 9- 8^1 *62Vac . 7- 3 8--1 • $1.75 ; Crown 626,906 157,630 1946 $6,024,057 , railway...... oper. Xight, 4% ....... Industrial shares j ~-V. 163, p. 3001. 15, 1949 and Dec. 15, 1953, and the annual amount of $480,000 between June 15, 1954 and June 15, 1960. ration. ry. 30c "25c ■ Coro, Incorporated (stock dividend)—.—.. Corn Exchange Bank & Trust Co.. (N. Y. "Quarterly. ——j. *——.C.—v., Crown Drug Co., 7% conv."preferred (quar.) $112,304 16,612 7,996 ' 7-15 - ' (s-a) com. Cook Paint & Varnish, common $3 prior preferred (quar ) 1943 $109,762 631,886 RR.—Earnitigs-r FrOm January 1— from railway Net 7-23 —> (quar.)—:— 7-12 7-22 . 8,989 ♦5,628 Gross amount Dec. Capital , . 545,794 38,016 from Net from 8- $1.50 7-15 6-27 Co.__„i;.—'« il5c 8- 8 7-25 Conn (C. G.) Ltd., 6% Class A pfd. (quar.) f $1.50^7- 5 « 47- 1 7% preferred (quar.)—'$1.75'-7- 5; 1- 1Consolidated.Grocers Corp. (initial quar.)— 25c "7-25 '7-10. Consumers Gas Co, (Reading, Pa.) (quar.>. 30c i 9-16 8-30 163, p? 300» May*— - 7-15 , Cuneo railway..__ Net from railway—. Net ry. oper. income..w number average Wabash (quar.) common Foundries, Ltd., preferred Conduits it 556,421 - income.— ♦Deficit,—V. 6-17 1 8* 1 (resumed). is that ♦17,370 railway..^. Net from railway^—« Net ry. oper. Iron Concord Electric ■ sinking fund notes.were sold of Insurance sinking 1945 7-19 1 of Co. (quar.)—. f 6% ' 15-year 3% the New and opinion 1945 15,406 from Gross Net working capital aggregated $24,275,547 at March 31, 1946, as compared with $11,909,007 at March 31, 1945. This increase of slightly more than $12,000,000 is largely attributable to the proceeds from the sale of 15-year 3% sinking fund notes in the amount of $7,500,000 and the net proceeds from the issuance of 122,405 shares of capital Stock. ; In 1946 1 10c Commodity Corp.' ( quar;)1. $31,804 $103,934 11,295 $55,897 Co.,- Colonial Mills, Inc.-— From Jan. 1— Gross '■ not the year. year were $4.29. // railway.... railway Net ry. oper.- income.--. 1945. Of shares presently outstanding, 60,000 were issued June 1. 62,405 were issued in March, 1946, just prior to the end and and 8- 7- 1714c —— Coca-Cola Bottling Co.! of N. Y. - 31, the number of 1945 froni from * compared as Earnings for shares 1946 '7-^5 8- 1 " • , pfd. Chase Candy.Co. (quar,)....., Chicago Yellow Cab.^— Ry.—Earnings— May— Gross , &'Mortgage Guaranty Central Power & land 1946 presently determinable, the management is of the will hot be material.—V. 163, p. 2343. Chemicals/ Inc.—Annual Report— •The corporation's annual report, dated .June 27, says in part: Sales for the year ended March 31, 1946, aggregating $48,182,081, were the greatest in the company's history. These sales exceeded those of the previous year by almost 20%. all $32,728,658 -'-$1 $1.25 Central Electric & Gas (Increased s-a) Central Hudson Gas <fc Electric, common— f'f 414% preferred (quar.)— 97,821 17,544,996 not for . Net Income ; 1,754,834 : • and . 1945. Utah U. S. Industrial ' * 7-12 * 7-15 $2.50 -. - V , . In 2,943,376 • ^Represented by 500,000 shares in 1946 and 391,238 shares in 1945. KRepresented by 759 shares in 1948 and 14,402 shares in 1945. NOTE—WhileTthe effect of the possible renegotiation of war con¬ $6,257,255 ., 2,726,801 7-23 40c ^ , Wallpaper Manufacturers, Ltd.— •v Class A (interim)—...^ Class B, (interim).. $531,489 in 1945. tAfter for depreciation and amortization of $15,751,072 in 1946 and reserves reserve reserves and i 91557 " • 6-20 6% non-cum. preferred (s-a). *30c 8-15 ; Canadian Bronze. Ltd., common (quar.). *37140. 8- 1 : 5% preferred (quar.)__ —», *$1.25 ff 8- I f: Canadian Food Products, Ltd., com. (quar.) *1214c 10- 1 : $L conv, Class A (quar,)— *25c ' 10- 1 Canadian ~ of 7-1 6-29 , pfd/ > (quar.)-._». Co. . Electric Canada " 9,680 ^ • After reserves; of. $568,724 8,235,844 •After reserve for doubtful accounts of $21,000 in "1945 and $20,000 • 7,500,000 7-15* 1 7-25 7-15 $1.75 $7 preferred (quar.)_»— Blue Ribbon Corp., Ltd., 5% pfd.: (quar,)— Botqny Worsted Mills. $1.25 pfd. (quar.) Brockton Gas Light Co.— ^ 982,939 : pond Birtman 2,675,355 I 1.140,497 lnsurance..-^^.^.^..^ — -, $26,283/443 l,929!o07 lost tankers.) 4,103,730 1,405,355 ,;-5;Total,^—-.4-——ii^^22,44Q, 130 Z.IIIIIIII Rubber America, common Belden Manufacturing Co. $2,725,265 282,627 374,431 — & Bankers 1 7^./'$3,537,421' 8- ; 5c preferred Baldwin 1,996,000 652,912 j 20c : , - treasury,- at cost >788,600 1 •- §Common'stock (no par)_^___ Earned surplus from April-1, 1940.— tIStock im 400,000 8,873,132 ♦ excess 926,878 ' in in 1,996,000 : 7-17 8-14 Wiborg Proprietary, Ltd.-r*. ; ' : : 5Mi% preferred (quar.)— I.t$1.37ya ' Aviation Corp., $2.25 conv. pfd, (quar ) 5614c - 1,800,850 1 Reserve for hurricane 150,000 430,000 — < tNot Ault 8,993,454 licenses 7-31 1 9- v 8- 1 25c ... Atlas Powder Co., 5% preferred (quar.) Augusta & Savannah RR. (s-a)— 9,703,702 822,447 (monthly) Atlantic^ityi Electric^ 4% 3,964,517 10,976,622 *25c - . 2,000,000 3,142,989 7% 7-31?. Extra' i..—.i.-... ": 50c 7-23 ' 7-12 Anglo-Canadian Telephone, 5Vit% pfd. (quar.) *68%c8- 1 ' 7-10 / Appalachian ElecrPower, 4V2% pfd. (quar.) ?'81,12W<t\ 8- 1 ■ T- 5 Arlington Mills (quar.)— —$1 7-157- 8 $3,617,222 9,000,000 Products -r^ ; - (initial quar.) Hydraulics, Inc., preferred, Products, common ,■ - 8-10 - ' S; 12,653,686 > 87Vic 7-12 1 8- * s. i — (quar )____ Anderson Clayton & Co, (quar.) ——$45,978,851 $32,728,658 x4- _v 597,000 cum. 1944. $6 460 228 — items—.. and book- - value 1,182,442 preferred stock (par $10Q)--w—788,400 (par $5)—J 4,103,730 Capital surplus: ;— 1,405,355 In ■ 15-year 3% skg. fd. notes (dated Dec. 15, *45) Miscellaneous liabilities ...i-.L............ Reserve for contingencies Reserve tor- replacement-of tankers '(excess^of i insurance 'proceeds over net 2,570,103 Common stock of $303,742 i receivable LIABILITIES—Kt&X* 55s 578,356 920,380 2,366,335 >4,851,045 '74,999 /• - 78,942 ' Res, for war accounts Federal Income and other taxes. $1,000,000 528,612 Accrued tax rolls and vacation allowances Accrued local, State and Federal for and Dividends payable 1 816,176 $22,440,135 $26,383,442 — Advance billings on contracts--——---——,. Reserves ,x 1945 ; Accounts ^payable 5,275,961 411,369 !.. Accounts payable- / Total 7 IIABILITIES-- . Notes payable A;/• C;' Government obhgations at cost Patents 1 5,222,374 Referred charges : 1946 o/ Bee. S :27'/ac American Maize *$4.48 r an<* amortization — 998,362 — fFixed assets (net) preferred American $4,037,433 t$3.67 BoMm Payable Amalgamated Sugar, 5% preferred (.quar.)-"/12%c American Colortype. 4ya% preferred ^ 38c 847,881 . ^Investment in foreign company———___ Postwar refund of excess profits tax— —" Patterns -4% $4,885,314 $4,758,131 Inventories (at lower of cost or estd. mkt. val.) tFixed assgts (net) ' Investments (at book value) Fund for replacement of tankers—I—I_II_—I Prepaid expenses and deferred 7,502,087 9,932,349 6,164,825 10,154,838 Crl,747,102 Cr5,069,403 / — ; 115,734 —— uncompleted contracts—. 1 preferred (quar.)—Aluminum Co. of Canada— 81,229 year ; Notes ! 29,029 — — on 1944 $3,030,395 S 1,601,586 refund bonds— Other marketable securities— •Accounts receivable (current)—! Inventories 1 ——— tBilled /. 1945 year 7% : CONSOLIDATED BALANCE SHEET, MARCH 31 ASSETS—. u. S. $3,249,966 .3,194,519 $5,869,045 1,029,685' during Alloys, Inc.— V $1.10 conv. preferred (quar.)_.— Allentown-Bethlehem Gas^ ~ $1,690,795 4,037,433 year When Share .Name ol Compang < Acme Aluminum 1,675,000 ; are::"!';;/-/ iFair ' Charges for the years ended 1946 and 1945 aggregate $1,135,688 and $1,095,131, respecz ^;V*.* «- Casn . $3,605,020 239,225 / ,3enefit resulting from excess profits tax credit carry-back of $100,000. tBased on 499,241 shares outstanding at March 31, 1946. *Based on 376,836 shares outstanding throughout year.; $2,754,517 55,202 ——————— '■ $1,831,612 the given ' - • - The dividends announced this week American Home , ASSETS— $3,133,709 477,097 / ♦825,000 ; Balance surplus end of share. 1,641,492 1,641,492 r 1;641,492 per common share— $2.79 $2.80 " $3.29 •After postwar refund of $229,700 in 1944 and $510,000 in 1943, .> Cash beginning of Earnings per dividends Earnings ■ — surplus Write-off of goodwill acquired 1 55,198 . declared.: $2,804,140 /'%: 800,880 income- on Income Balance ... $2.341,861,, $2,350,351 i'____ __— v' 200,000 v Crl26,000 dividends m 225,000 30,000 ——— Net ; 1,500,000 4,590,000 excess profits credit .Net profit 165,000 1,503,000 2,067,300 — unused -- 177,754 305,000 92,000 ' ———-I-3IIZ-—Z——I-1 $9,091,762 v, 1,407,000 tax— ♦Prov. for Federal exc. profits tax„ Income l:;' V:' charges ■ Prov. for Federal taxes $6,285,651' $9,269,516 $4,049,861 V. Gross 39,727 $6,111,745 2,710,262 $2,706,087 Income second table in a under the company name in our "General Corporation and Investment News Department" in the week when $5,514,402 427,622 _ 124,789 • Provision lor $6,407,135 3,701,048 expenses 675,000 685,465; $3,925,072 for State income tax for Federal income Provision 42,349 — ' Provision 51,435 • ■ follow with we many cases are 7 administrative : 298,264 1,242,994 1,427,970 ',V 'S... —— Other income 208,781 164,648 1,779,191 U 648,079 for Balance and 575,033 555,269 , franchise taxeSi^i.,—.— Selling & administrative expenses— Jtu sales on general » capital stock & Prov. Selling, 1943 1944 ^assets l—611,076 lor Prov, • Gross profit P United Engineering & Foundry Co.~Annual Keport-r Then which we show the dividends previously announced, but which have not yet been paid. Further details and rec¬ ord of past dividend payments in . ; 151 would to 50%. Reduction payable and accruals, $1,414,142; dividend provision for Federal and State income taxes, the which from 25% '.LIABILITIES—Accounts payable, of preferred Mills, common—. (quar.)——„ Jersey Central Power & Light— - ,*:X ^ 15c 8- 1 7-15 $1.25.9- 1-/- 8-25 ... *' ,1 ;//;•' Wl** preferred (initial quar.)—.——— $1 ' 8-1"' 7-10 152 THE COMMERCIAL ,& -J. • ./■: ... When ,•■!/■• Keith $2 Nome of Comvana (Geo. Kennedy's, Inc., $1.25 conv. ' <50e j. Xow-Priced Stock Fund Special ■ (s-a)—.—.- S4 _ ■ / Lazarus (F. & R.) Co. ! , :6-28 6-2Q 8- 1 $1.50 50c 9- Abraham 50c Inc. (quar.)— 9- —i—4—; 20c. , 200% (stock dividend) Corp. Strauss (quar.)——- :B71/2c /.AA—$1 ——— 25c '' ' . 'Extra Bond Fund (quar.).__—!.—V ,7-10 • ^Massachusetts Utilities Associates—- .5% , partic, preferred (quar4—, ■ ■ •• >,. , -i-—i---—" • ■' ' .$6 jst' preferred (quar,)*.—* CO., Class A (initial quar.)-J McDonnell Aircraft Corp. (quar.) 1 7-15 i r.;4%. preferred (quar.) 7-19 1 7-19 Corp. 7- 1 6-25: 8- 1 7-15: :25c 7-24 7-10 Li i National Distillers Products (stock dividend) 200% National Manufacture & Stores Corp. (irreg.) National Pressure Cooker Co. (stock dividend) New. Bedford Gas&Edison Light $1.50 conv. Corp., common (quar.) preferred (quar. ) Engineering^ NortWesiefn States PoTtlarrd'Cemeflt (quar.)" *■ -Extra 5% .'——1—1 -r- Nunh-Bu^h Shoe "Cd.l 40cV <*.40c - _ preferred (increased)-.-,.—" Pacific Coast Co., $5 list preferred Pacific Lighting (quar:*)— i Pattffic Portland Cement, 6% %-pfd. 10-1 ; $1.25i' $125 Z. Pacific Public Service, $1.30 pfd. (quar.)— Patino Mines & Enterprises Consol.— (interim)- 32Vac - '8-1- pfd. Semi-annual ; Rhode Island Insurance (stock .Extra 7-10 6-28 7-20 ,6-28 $25o 8-15 7-12 7-; ,5c 7-25 7-3L 8- 1 50c 5c Seaboard Finance Co. Leather Co.—, Seton Company, Class (increased). 7-5 8-1 ioc Southern California Edison, Ltd. Spring Valley Co. (liquidating). Springfield Gas Light (quar.)__ 1 9- $2 : • ' ,40c 45c 5% / 60c, 20c • ' : United deposit receipts U, S. Guarantee Co. of (interim)—— preferred N. • v 6-20 7-31 7- preferred (quar.)— $4.50 preferred Bon .Ami 10c" 1 $1.75 1 $1 ... Machine 7-23 -9-30 -8-1. 8- 7-10 7- 9't. Bristol-Myers Corp*— ioc 8-20 .•7-20- .7-12 6% 7- 3* ^ 1 9- 2 6- 2 7-30 7-15 ' 7-15 $1.06% Burkart (F.) ;• $-1 8-10. ; 8-10 25c 9-14 25c 10- x ^ ••7-l5:"J 7-25 7-25 r 8-15 r 9-14 . :;v .15%! 8-22 :,7-25 7- 5 • . 7-15 6-17 JlOc 745 6-29 $5c 7-15 6-29 17 %c 7-10 7- 20c 7-10 7-1 35c 8- 1 7-5 7% pfd. 1 7-lS> 6-29 8-15 10c ! $1 (accum.) (Toronto) >31 — River 9-15 9-10 $$1.50 Passumpsic 12-15 12-10 $3 8-1 7- 1 2 8-15 RR.— —— River 6% Power. pfd. $1.50 (quar.)_ 9- Dearborn Corp. 8* 1 (quar.) 6-29 745 $3 7-15 7-15 'SI > .$$2 . 6-29 1 7-15 8- 7-20 7-27 : 7,20 : ' 7-15 . 7-25 40- 1 / , ; . Cribben 4%% 7-15 7-31 7-15 20c 8-1 7-15 >6-20 '-8- 1 : 1 " . - 1 6-17 v 7-15 __ 7- 7-15 6-25 7-10 •6-29 9-1 .8-15 Decker •. ' "" " •" \ 7-30 l'-"; 8- 1 8-1 8- 1 7- /• Detroit - 7-15 7-'5 5 7-30 $-15 . :! 2 7-15 7- / 9-30 t; 9-18 J30o: ■ r 7-12* 7-45 • 7-15 7- 2 4-15 7- 2 12-24 12-14 $1.12% ; ; ioc —.—. common common (initial (initial) 1 7-20 .*7-20 '7-10 ,20c .. 25c 3c 8- (Alfred) & Cohn V": (quar.) ' Yards ' . ; 6-29 7-20 : 17%o; 7- 2 7-15 25c 1-20 • 25c i-xoL 7-10 :25c 10-10 ' (quar.)——————. Stock 7-15 ' — '■ stock Union ' $lc : quar/)- : $2 8-1 7-22 8-15 •boc: ; 9-1 30c 7-15 6-28 25c (Colo.) Edison. Co.— 7-25 7-10 7-15 >"•'5 8t15 A- 6 • Gasket Detroit Steel Products Dewey & Almy Chemical, Diamond Match Co., 6% 9 ' 7-10 - ' Mfg. Co.—1.—L-i—l Detroit Michigan Stove, new com.-(initial). 5% preferred (quar.)— i " !7.-10 ^ ■ Press, 4nc;, -new deb. '/' Detroit 7-31 8- » • "7-15 8-15 '//:.;'25C "/ $50c 30c 48uarterly -'$8 6-30 1 6- •• Denver 7-1: . Corporation— Dennison Mfg. "Co.— ... 7-15 " 28%C (quar.)— ' 8-1**7-8 : CaldwelliLinen'Mills! Ltd.,/common-(quarr)-'^^$25c $1.50 1st preferred (quar.) -t38c-" ,* 80c 2nd partic-preferred (quar.t20c California Electric Power, $3 pfd. (quar.) 75c ' 6-21 7-31 " 4 New 8- 1 $1 ! '7-15 Butterfly Hosiery Mills,'7% preferred (s-a)-4*1 $3%% Byers (A. M.) Co.,.7% preferred (quar.)—-/- -$1.75 Byron Jackson Co. (quar.) : :25c 7-15 ,50o Abbejr''Co..——. Davies Petroleum, Ltd.— De Vilbiss Co., 7%' preferred———.—— 6-29 8- 6-21 7-25 Cypress 7-1 7-15 t40c 6-28 * • .7-15 7-15 •7-15 .65c Cunningham Drug Stores.— 6-28 1 / 1 $1 $1.75 (quar.)—i common Common •,(s*a)—. Cuneo 8-5 7- Co.— convertible preferred 8 % ^preferred (quar.l.——~ :! Culver 7-15 " 7-15 ' ■> 93%c !>!;/ "7-TO 8-5 8-20 $1.31% .:■/: Cudahy Packing Co. common (quar;)!.— 4% % preferred- - (quar.) ——.—.... -6-20 J25c 'i 6-28 7-15 , Sexton 8-20 7-15 SOo ",/;, —... Co. Crum & Forster 7-16 !//7- 2 7-19 _ & 8-21 '6-29 9- 30c • Crown Cork & Seal .Co., "Inc. (quar,)...,../— Crown 'Cork & Seal Co., Ltd! (quar.— * 7-31 35c " Co. (irreg.) (s-^a) (6-18 1 7-15 $1 ... — 7-15 22V»c . & Electric (irreg.)..—.—— Com Products Refining Co., com. (quar.)__ 7% preferred (quar.)—. Cornell-Dubilier Elec.. $2.25 pfd. ser. A (quar.) Creamery Package Mfg (Increased quar.) 8-16 " _$1 ,7-15 50c (quar.). .i.—... Gas Copper /Range 6-29 60c » 6-18 quar.)—.—— .Extra Continental Insurance 6-29 >9- 3 . 7-15 —— 42%c -, 6-28 $$1.25 (increased 5 (Increased 7-10 7-15 . 8-4 25c / *7-10 7- 8 82%c . $1.25 (quar.)— 15c Continental 6-22 16c ' . preferred t75c 9-10 7-15 ^20c ; ...... $5 Consolidated~Paper~Co. Tquar.).—— 7-10 ; 8-31 $1.75 (quar.)—!-!..—1- (irreg.)__r— • Consolidated Royalties, 6% pfd. Container Corp. of America— .7-1 8-1 10- 1 56%c commoh"(quar.)__-« Mfg.-Co,— n :/r /-Stock -dividend !>•>■'/' ^ —12%c Inc. $$1.25 Co— 8-31 ' . Columbia Power, Ltd., cl. A; (quar.) Columbia Telephone,, 6% pfd, (quar.) Burdine's 6-17 — Gas Co., Canada! Ltd. . * 7-20 7-20 .$45..• •:•; 7-10 7-1 7-20 , 10-1 ~- * 7-20 jponsolidated -Mining: At Smelttog; Co! A$ 10-1 ■< u • 6-20 8-15 $1.25 (s-a) Connecticut 35c " - (quar,)-.;—: , - 1745 ; , $1.25 (quar.)_ & pfd. * $25c > (qugr,)^-3./w.-0 1— \ partic. preferred r 8-15 10c $1.50 12 %C 60c t r- - * / '$1.12% — 7- r8 ^ 99c Consolidated f$1.50 Broadway Department Stores, 5% pfd ..£/ $1.25 Brompton Pulp &-Paper Co., Ltd. (quar.)__ " J25c Brooklyn Union Gas (quar.) 40c* Brown Shoe»ComDanv. $3.60 pfd. (quar.) / 90c/!' 1 /'■ 5c — British 7-10 11-1 '6-21 25c : $1.30 preferred (guar.)-—— British 7-20 12- 1 $-12 $$1.50 Connecticut $$1.75 Brantford. Roofing Co., Ltd.—• y Hydraulic Co. (quar.) *9^61 ; 7-10, 25c 7-10 — (increased) common 7-4 ,. (Los Ang.)— Edison H.) (N. 7-10 $25c — (quar.)— Elec. :.7-15 •; 37 %c (quar.). //..Class. B.-:(quari):.-!— 3%% I: 7-15 $1 partic. pref, class A. (quar ) —... Consolidated Car Keating Co. (quar,)__/___. •.■•//'Extra' -• Bridgeport 6-29 • — ———1 Woolworth. (P. W.).& Co., Ltd.— Ordinary (interim) American Canada class A 5-28' 7-15 ' ; ; 7-17" 7-10 1 $1.75 ^duarterij!— ■ 1 $$1.50 - Borg (Geo., W.) Corporation-J; , 1 8- 6-29 t$1.75 Jquar.)» common Brantford Cordage Co., 7-17 8- 7- " $50c : 7-29 9- 8-1 10c V; 7-15 -100 % (s-a)-*— 8- ,7-9 25c — 9-10 20c Brothers k •: 12-20 6-29 " T___- Saco Water, (guar.).,. Blumenthal <Sidney), 7% preferred , 1-2-47 7-15 Boston Edison Co. (increased quar.). Boston Personal Property Trust > (increased) (quar.)_ preferred 1 11- .2-7-47 $3 Confederation Life Association . 8-16 50c (quar.)— Yates 8% f Consolidated Edison Co. of N. Y.— .7-12 50c —— (initial)—w (quar.) ;/7% /preferred - ;8« 1 11-15 $1.75 2-15-47 Combined Enterprises, Ltd., 5% pfd. (quar.) Commercial Alcohols Ltd., 8% pfd. (quar.). 12-10 —37%o. preferred (quar,)—_^.——- Co., 8-15 $1.75 7-15 • Belding.-Cforticelli, Ltd., 6-10" 1 $1.75 t ■':/»;Uommon/?(quar4!!i(.«!-^!—«>« 6-29 - 8-15 8-1 8-10 . »60c . 8-19 7-20 25c Ohio Commercial Discount 6- 6 4; ' (s-a) common So. 7-19 9-14 $XM <s-a)——— Collins & Aikman, 5% conv. preferred Columbia Gas & Electric, common 6% preferred series A (quar.) ; -/Preferred 5% series (quar.)., & 6-28 6-20 .:' 7-15 m 50c '£——— preference 7- 4 .. 1 .';8- /•-.>;' ! $2 (increased) ; ^7-U* r 7-15 7-10 8- 25c pfd. Cockshutt Plow Co., Ltd. 5% ■ _.50c (quar.) Manufacturing (irreg.) Clinton Water Works. 7% pfd. (quar.), Coca-Cola Bottling (St. Louis) (quar.) - (quar.) —J—•' 7-31 8-15 10c Clarostat Ltd.— Co.,' Ltd., common preferred (quar.)— Bloomingdale ' Co., •*•■ 9c ' 7-15 , Consolidated Chemical Industries, Inc.— - 8-26 7-15 7-1 . Biddeford & $-15 -8-4 6-29 7-23 Biltmore Hats, new common (initial)—$17c $1/Class A (initial quar.)^1-— . $17c 10- 1 A Commonwealth 7-18 * 7- 3 40c r t$1.75 r * (quar.),. 7-12 > (quar.)—^37%c -$4.25 Inc. .« > 7% pref. (s-a) 6-15' 6-24 8-4 • 4% RR., Co. preferred Stores Class 7-15 8- 6-29 66 %C - 37%c - Berg (Russell) Fund (irreg.)—— Best Foods, Inc. (increased) 9* 2nd 8-16 (accum.)$4 : Bell Telephone Co. of < Utilities 7-31 _ (quar.)——— 9- 3 ,$6 ——- Westmoreland, - 5 7-2 7- 2 7- 2 75c Inter-Term. 8^26 10c Mortgage Guaranty. 5 7-13 7-15 (initial quar.)— 7- .7- / 6-28 . 7-15 35o —— Concord 7-31 $1 Washington Gas Light Co, (D. C.)— , City 6-28, 7-20 7- 5 '7-21 . 5c -7-15 1 1 (initial) Fund, Inc. >(irregj (quar.)--.-.---..,,^. $1.50 Steel, 7% jpfd. Cquar.)_ 8%c 1 8- ' Community Frosted Foods Co.— 1st participating preferred (s-a) 7- >8*29 25c Inc. 7-13 7-20' 7-1' 7-15 *7% 7- 5 10- 1 9- 3 7-15 7-15 7-31" 13%c; ; Y iWabash-Harrison Corp! (s-a)—— "Walker & Co., Class B ,-L .Warren Refining & Chemical—t Westinghouse Air Brake.^ Z f vt7«* 8 l-2r47 9 6-29 9-17 40c ■ 7-15 30c 7- 7-15 : 15c 7-26 8 9 7-31 10% 6-29 _ 6-28 7- 9 , 7-31 25c • 7-31 — 10-21 7- 25c 37 %c Extra 7-31 BrummeH Ties dividend 7% 7-31 • Stock dividend 7-10 (quar.). • 1 Inc Universal Winding Co., common preferred 'Common A '7-15 12 %c 7-20 ® 41-1 7-25 ! City of Paris Dry Goods— / 7% 1st preferred (quar.) ! 1% 1st preferred (quar.) 7% 1st preferred (quar.) 7-20 * 8- 4 . $1 40c 50c common $1 50c 7-21 9- 3 m preferred 9-20 V 7-15 10c ... (quar.)— • 15c 87%o — United Shirt Distributors, & -__1_ "! 20c 5c Co 7-10 10-1 _ — $1.13 Manufacturing Co. Wilcox 25c , $1.19 Citizens 7-12 1 7- 5 7-20 A .5c _ 4——j. ,n r «6-22 J 8-T ,7- 1. h 7- .5 7-19 7-19 /—:———, Columbus $1.50 , 25c (quar.)—. preferred (interim) Paperboard, -.6% Fe_ 7- 1 United Molasses, Ltd.— American ; ; .. , $1.25 — 9-20 6-1 -■ $$1/ $$1 (s-a) Cincinnati New Orleans & Texas Paoific Ry. 5% preferred (quar.) •■■'fi-oa.: ) 8- (quar.) 9-20* 10-1 $$2 1/ 8- 1 10- . Cincinnati , Corp,, cominon (extra)«»iL._.« preferred 7% United Cigar-Whelan Stores— Growers, A 25c — ' preferred _ $1 11-25 8-15 Kansas Chemical - of America_____________ i$3.50 conv. 90c' - 11-23 12-15 $$1.25 Corporation, common (quar.)— Extra •,————...—' Chasers, • 8- 12-15 $15c Chrysler Corporation 8- 1 22V2c ' Ry. " '9-20 7-22 $1.50 ;.$L50 quar.)____. Class Mills, common preferred (quar.)— & $15o 415c " > —— Stock •7"e' J8- i • 300% - United Grain (initial 7-15 f V$1 Timely Clothes, Co. 25c (quar,)^ Beaver Lumber , j,0c — 7-17 7-15' -,s!T!.'V/ ! ;..' 2% Store Investment Corp.— 4%% preferred (quar.)__—— Chase National Bank (N.■ Y.)-(quar.)—_; ,.30o.:. .<7tl5-•1:::7->15. (quar.) Ohio '7-20 • : pfd. preferred >A. '7-20- »8-1 " 8- i* 6-28 Chain -,■....... (s-a Baystate Corp. Beau • 7-25 6-14 ',7~;8>. A 8H7' 10-4 • Co., 3.60% Topeka & Santa Class 6-27; 8-31 15 •4 — Molded Products.. Chicago Wilmington & Franklin Coal Chickasha Cotton Oil (quar.) 8- 1 ;25e (quar.)'__—" Bathurst Power & Paper Co., - i 75c ' —II ——— "Taylorcraft Aviation (stock dividend)—— Teck-Hughes Gold Mines (interim)— Thatcher Mfg., com. (stock dividend) <$2.40 conv. preferred, (initial quar.). ' * 6-24" "7-15 25c — united Biscuit 5 7-20 7-25 • 40c Suburban ..Electric-Securities Co.— "!** '."$4,2nd .preferred (quar.) ——— Sunshine Biscuit (irreg.)— Transamerica ;50o common—^ Barber-Ellis of Canada, Ltd., Bates Manufacturing Co..; 6-24 8-15 •31 — : . — Inc._— Corp. (s-a) 8- 7-15 1 7-1 . 37Vic ; ^'Common Tampax, Inc. Taylor-Colquitt Co. (quar.) " (quar.) Bartgis Brothers Co.— 6% 5* 7- t$1.50 $$1.75 $10C Chicago ^:7-15/ _53V»o /'. — Clinohfieid v-Extra /',>// 7-15^6-29 6-27 3 6-29 6-28. Power,-4%% pfd. (quar.). Central Ohio Light & Power (initial)—— Central Republic -Co.—— . . Bankers Securities Corp.— " 6% participating preferred 6-27' 8- 45 •31 Ry. Co., 4% pfd. (s-a)— Wallpaper Mfrs. Ltd. Class A B 'Central . 7%c B Bankers Bond 6-30' 8-15 $1.25 Cable Baltimore Porcelain: ' Standard ^Fuel Co.; 6%% preferred^—:4$l.io% Sterling Brewers, Inc.— 25c Stetson, John B, common. A—„3qc l'8% preferred (s-a)—— Stott, Briquet Co., $2 cohv. preferred (quar.) :50c 'Extra 1 7- 15c (quar.) - _ v quar.). 7 % preferred (quar) Bangor Hydro-Electric Co.. 7-19 9- 3 4:19c . 1 f 7- J$1.25 common (quar.)_— (quar.)——— •>. 9-16 • 7-15 Baldwin Co., ,6% 7-8 8- $30o Gas Co., preferred 1 7-20 ? 45C Atlantic .5% 8- - 25c 50c > . *$l:75 7-15 $4.50 7-16' ft 7-15 *6-29 $15c preferred (quar.) Aguirre Associates -(quar.) Central Cold'Storage (quar. )^— Central Investment ,C°lP. (initial)—-— }: -7- 5. c !9- 6" 8- 1 Babcock 75c 7-T ' i$$iJ5b Central 6-28 . 3c Axelson 2 7-16 B 7-15 / '7.-15 7%c 9-10 '7- •15 5% . 7-15 - Auto .Finance : $1.75 (H.) & Sons, Ltd., common (quar.)„ 5% preferred (quar.)—;—— Southam Co., Ltd. (quar.)—— '7- 4 ' 8« 1 . i:25c (quar.1 common Avondale 1 7-31 Extra , 1 ;7-JL5 - xm 7-12- 9-20 ,250 7-15 1 : ■ >8- T -$2.50 Class 7-31 — 7-1 Corp., Financial Atchison 7- 8-1 7-31 $$1.50 ! .;/-:7*I5 Celotex 6-29 " Co. 7-15 40c — 7-15 7-15 * Astor 7-20" 7-12 6-20 6-24P 1 8- $18%c -•, — 8-31. ■Art-Craft Briar 1, 25c - & convertible 7" 50c Simon South 4% 7-10 25c Extra l_ Saginaw & Manistee Lumber Co. (irreg )___ St. Louis. Car C6:» 7% preferred Scranton.Electric Co. (initial) ; Wire preferred 7-10 13c ; : 1 6-20 .' 7-15 480c — 6<«30 - Atchison Topeka & Santa Fe Ry. Co.—' r : 5% non-cum. preferred (s-a;) 1___—. 7-15' 8- 1 ;; -SC - .a , Shaler 8- 15c — 9-14 v Atlantic Refining 1' 7-10, 8-15 8- Rockland Light & Power Co. (quar,)—. Roos Brothers, Inc. < quar.)——___— Roper (George D,> Corp. "(quar.)_— S W Fine Foods, -Inc. (quar.)— 4%% 7- X 7-12 33% % ——u 5 7-20 » Richmond Insurance (N. Y.) (quar.) Rickel (H. & W.) & Co. (quar.)——: 7-10. "197%o' ! "i 7-20 ' ,;Vr7- 3 7-25 . $1.50 ,.u■ , ■ . 11-30 7-31 / 7-15 tl5c (quar t .. ./ . . '//4% preferred (quar.)_ 4% preferred (quar.) Carrier Corpi-4%*>|rfd.:(quar4!i.-^iM— '7-1 7,- 9 - 15c " , 7- 8-31 12-10 $$1.75 TOnrnmnn- % prior preferred ,;(quar.) 11-1! 40-22/ I priot/preferred ' (qw») -7*——f—— < ^$1.50 4^31-47 - 4».21! Angerman /Company, Inc,_^, r—, :40c 7-10r 7-1 Anglo-Canadian Telephone, 5V2% preferred $68%c "if» 8- 1< Anglo-Huronian! :Ltd. (s-?a)-.—' $10o' "< 7-31 6-29 ■Asbestos 'Manufacturing—. ' . % ■ ">■'* '• .* *{* > * • ;!$1.40 .convertible pref, (quar.): 35c 8- 1 7-19 Associated Telephone Co., Ltd.— .'•••^ ^c'": ^': 7-10, 12j/2c dividend)!— Anaconda 8-31 12jAc Rhode Island Public Service Co,,/Cl: A (quar. y $2 preferred (quar. )— 44c . 1 ; .6-15. , ^ Anchor Post Troducts, Inc.— "" '6% prior preferred fqimr.) 7-19 7-20 5c — 7-15 " > 50c — — ! 8-1 $2.50 Plymouth Cordage Co. (quar,)———; Employees stock (quar.) 1__ Provincial Transport Co. (s-a)___ l?ed .Top Brewing, Class A (initial)— Class B (initial)_— ^ ———J. Benner Company — < 50C (s-a)—- Carpenter Paper Co.— -.... Ya-ft)" AnchorFibcking Glass, 7-15. !• 7-15 (accum.) $1.75 Piedmont & Norther# Railway Co.___,— 50c Pittsb'gh,:Cincinnati, Chicago & St. Louis RR.— '' ' ■ - 1 9-14 9-10 ; 50C General Carolina 7- 9 i»refemdv(quar:j;^J2i^i^^!V'ti$da5.fep8- Amnskeag : ."$4:50 .preferred 7-15 8- ! 8- 1 Telephone and Telegraph Co.— !>$5/prior 7-15 7-25 35c .. Class 25c American Zinc Lead fcEmelting— 7-j22J 7-29 _;_•• (irreg.) com. Goods^.7%_ j)fxi.- (quar),^a- -,AVa%, preferred- (initial , 1 7-15> .7-20, ;7-19, 8-15 :.. Pennsylvania Power Co., 4%% pfd. (quar.) $1.06V* Pennsylvania Salt Manufacturing Co.—1— 30c Peoples Credit Securities—————^.A • $25c Wiillips-Jones Corp,,- 7% 8-1, ;8-1. ■ '75c ! common American Thcrmok TBottle, / Kxtra^ 7-15 8-1 . ; ; iw' 750 ;:.45uarterly,__™^--:j^J---:^^_!™:!,..;.;$2.25:. ' 8- Ry. A Canadian ■ iAmerican ' 8-15 8-15 37 %C Canadian Pacific 3 , _ 7-15* •8-15, 7-25* -,)< .. 9-21 7-30 ■• r8-15 1 .' $1.25 . >9-21> 7-30 (accum.) -:i. American-Shares ' 7-15 •40- lr • 120c z. — Outlet Company Securities, .. 7-15- - 6-29 7-31 . ••• 62 %c — - : 1 : 1—4/;: common_______ 6-29 : 7%, ..preferred 47uar.)——(1.75 12-16 ,12^6 fAmerican.iRolling,Mili--r;.4%% convertible preferred (quar.)——$1.12%~ 7^15 ^6-17 American Safety .Razor. Corp. (quar.)—^ ,50o < *.7-15 ; ^6-21 American Smelting & Refining, com. (quar.) 50c 8-30 8- 2 ! ;7% 1st preferred (quar.)IT ^-4. '$1.35 : : :7-31; ^ '7- 9: 'American Telephony Co. (Abilene, Kansas)—. ::.:■' "5% 'preferred (quar.)^$1.25 ,-:.-:'7-15 ■:7 6'28*' 7-20; 8-1 '50c / ;$1.25 Oklahoma ^Natural Gas, common (quar. )—~ "50c v 4% % preferred (quar.)-_———-. ±J89 3/I0c r European ^American l^per "7-15 8-1 .. 7-15 ' 7*15*: - . ^3.90% preferred ♦(initial .guar.)—,," cAmeripan Iflews :,Co. (bi-monthly)-i—.i-i—ii; ' 7-10. •7- 8- 1 37%c ___ 6-20 i t t., 25c ; 4 7-20 '7-15 9-16* r .American Machine & •Foundry-'*'-.'—^ 6-29. ^8-L ! • . 6-29 /• 8-15 ' . 7- 8 8-15 7-15 —— 7-13- '*7-12' Co..(quar-),.Ijlew, York Merchandising fly-1 -45c North American Acceptance, Class A ;(quar.) : 5c North Penn Gas, .7% prior pfd (quar.) *$1/75 Northwest - 7-18. >:■ 7-15 :37%o:;. com,// (quar,)---.-^..v—. / Investments, Ltd. (quar.) Industries, Ltd.— (quar.) —_' Class B .(quar.) -4-r^.,/,r:.r.r.Tr/„T;.:-::-, 7% preferred •(quar.V—--^«.w.— Canadian Investors Corp. (quar,) Canadian Motor & Lamp Co., Ltd.-r/-.Class A (quar,)-.».-^«__ Class B (quar,)—— Canadian Oil Go's,/Ltd., common (quar.) — 5 % preferred (quar.) ■ ;8% .preferred (quar.)— 6-10 7«j31 75c .• 7- 9. 7-15 ^8-31 . Canadian 6-19 , •. 50c - -20c - 7- 1. 7-31 50c 100% : 7-27 10* !• — 20c . -Class iv 4% %- ^preference (quar.) --$1.42-% -American Ice, -6% nop-cum..4>referred— $1.50 8% preferred L—, >$1.50 ^American Light AsTraction,' 6% ipfd. (quar.) 37%c !/Common * !— 30c . * 125c -."•• 6-29 Canadian 7- 5 25c Fidelity & Casualty (quar.)——X American Fork 8- Southern 7- $ 1- 8 ,7-15 7 7-20 *9-10 . ^ American (quar,.50c . Reo{ 6-29 : , 7-20 : — (initial American 9-1 Products Corp. .(quar.) Strauss-Duparquet (quar. Northern Illinois - 6-29 r8- 4 i$l 7-25 . 20c l/32nd share of Class B stock-—. American District "Telegraph Co. (N. J. )-— 5% f preferred (quaT.) ——, .9-4 —'——•!■! 7-10 9-20 , 7-12 or $1.50 Middlesex National Aviation 6-29 7-20 $1.50 Canada Wire & Cable! 6%% preferred—* Canadian Converters, Ltd., Class A (quar.), Canadian Fairbanks-Morse Ltd.— /1// 6% preferred (quar.)— - '7-15 ' 7-20 50c 25c common— — 6-24 7-20 Packing * :$1,37% —+ common 8-T 10- 5 2%C American Can Co. (quar.) "'American.Cities'Power 4sLight, $2.75olass A $3 Hjonv, Class A (opt. div. series). Cash 7-15. 7^15 1 7- I 10c Mead Corp., 8- 30c ' Corp., $6 preferred A— i $5.50 preferred !8- 1 -$1:50. :%Fxtra:!.!^!i!:;!!:sL!^ Nathan 8- .Manufacturing, quar.)— American Alliance Insurance (N. Y.) (quar.) i-American Asphalt Roof Corp. (quar.-)-—-w 7- 2 tl5c McKales, Incorporated (s-a)_~ New-common - $2.75 -$1.50. ^Canada ; .Amerada Petroleum Corp ..■ 7-15 • . /Aluminum 'Goods 1 62%c L_ Grain Melville Shoe v 7- >6-20 ' :20c" r " i-Li.-* Stores,-common (increased)———/ '.Alpha Portland Cement—w Allied 4: • 7-15 5c . ■ Maytag Co., $3 pfd. (clears all Arrears)—. McCabe 7-15 :,/;9c- v t.. . ;. 30c . Manhattan 0i 7-15. -, 37J/2c — .— 25c '7-25" (quar.) _—1 Alabama Mills,: Inc.: — All Penn Oil «Sz Gas (quar, • 7-1 6-26 7-15 ' 7-10. . — 'Extra iAkron/Brass -Manufacturing Co. ,7-1 . Holders v • 7-15 7-25 - ; 6-27 : — preferred (quar.) Callaway Mills, *$2 'preferred (quar.) —— $2 preferred (quar.)— "Campbell (A, S.) Co., commoa (s-a) Canada Northern Power, common (quar.) IVe preferred :(quar.)-«^—i— 7- 1 . 7-25 —— — /• 6-27 ,7-15 ! When Payable . '$1.50 series) (quar.) (quar.)—-u../- 5% of Rec, 7-15 •r 9 "8-23 / 7-10 , 13%c Garden 9 7-15 . 75c j •••;• —-—••/,<- , Madison Sq. Payable Aeronca^AircraftUorp.— 7-:55c conV.: preferred (quar.)_ 13%c Affiliated-Fund, Inc. (irreg.). 3%c «;Ainsworth Manufacturing iCorp. (quar,*)*20c .Air ^Reduction Co, (quar.) i.—— 25c 7-15 7-15 - Mading's Drug Stores. 55c~pld. (initial quar,) & < 8-26 7-25 20c Loomis-Sayles Mutual, Fund, -Second Fund (quar.). Lyon Lumber Co 8- f. '.$1.7^; pfd., (quar.) - (1927 preferred California r Holder« ■ -Addressograph-Muligr-aph ,7.-11 • .8hari _ (quar.)—«-_;—$1 Extra 7-31 1 933/4c Lone Star "Gas Co! (quar.).——- Home of Company , - J8c Share ,; —— ' 1 10- * ,4%-preferred . .8-1 . . Wnen Abbott Laboratories— 8:24 ; :>8-15 15c (irreg. ! ■■ -•• Per . 7-15 204Ao Creamery. 60c preferred (quar.)— Kokomo Water Works, 6% preferred (quar.) Kroger Company (quar.) Lamaque Gold Mines (interim) '' y~-' Oregon Power! 7% preferred .Common 6-28 .7-15 '8-1 $2.70 preferred—. 22Vac 8-20 Knickbocker Fund, beneficial interest (irreg.) /'v. 12c /, Knudsen 6% 6% ( ' • * Khapp-Monarch,'$2.50;preierred_——' California week, these being given in the 6-29 r 7 -15 2c '$1.33 ■ announced, this •••*«*/•'•":: Hame of Company > 6-28 $1.14'; t . we preceding;table. ^:..v;: ^ 7- 5 . " ; 7-15 46c: ' •__ - dends : •r6-17 7-20 (increased' 30c (quar.31%c Below give the dividends announced in previous weeks and not yet paid. The list -does not Include divl- ; 6-17 7—.1* common preferred of Ree. 1 7- $1-25 Keystone Low-Priced Bond 'Purid IB3 K6-a-)-i ;; Special- Monday, July 8, 1940 ■/'<* Kf'V -A Holder* Payable Share i E.), $5 prior pfd, (quar.)_»-iv^; prior preferred (quar.)___^_i,— Junior FINANCIAL CHRONICLE •irt.'.'-tfe"',:- -' ■..,•• Distillers .Co., Ltd.— : ;••! V Bonus — 20C /.50c 25C —— $4.25 $1.06% pfd. (quar.) (s-a) partic.,pfd. „V ;/ Amer. dep. rets, for ord. regis. Cfinal)— > • ——— a, ' 7-18 7-20 / 9- 7- 8 7- 1 3 8-12 12%% 8-14 6-27 2%% 8-14 6-27 750 ; THE COMMERCIAL & FIN AN CIAL CHRONICLE jiVolume 5164 JttumfoeM505 -Per •/ f Naww 0/Company , 1$ 1.25 Ltd. ,o/ Bee. —-- r,;8- .1 77-45 . 15c (quar.)_.»— m —- ;' T-L6 ft Hines -.6^9 t$2.50 ' .. 2 ,6^30 $2.25 7-15 Dominion Dairies, Ltd.- 5%- noh-cum. preferred (quar.)-^_,™ Dominion rPabrice, Dtd,, common (quar.) :6 % 1st preference (quar.) • a ^Second, preference (quar. ) X, Dominion Glass, Ltd., new com. (initial) 7% preferred ($20 par)* (initial quar.)__ 'Dominion Malting Co., common (quar.)™ "• 420c 88- 1 ' 425c 7nl5 135c 420c preferred . ,0t27 V y.6^27 (quar.)„;_i_'__$1,25 >' Co.,. Ltd.-* -Extra du Pont tE.T;) derNemours & Co.— ' 8- (quar.) a* i/a 1 Hudson Bay, Mining $5 Smelting, Co...'Ltd.— .Quarterly ". **;; ~' 10- Indiana Associated ftSOc ft, 7-15 $1.25 $1.50 ... ; $1.50 a- 7-25 Electric Boat Co. (stock dividend). One share of $2 pfd. for each four shares com. held .7- .. Electric Bond & Share Co., >$3,50 pfd. (quar.) 87y2c ft 8- 50c — 15c National Watch. Co., common (7% 1st preferred (s-a) Ely & Walker Dry Goods Co.—, ; , 1st preferred (s-a)— — •>6%.. 2nd preferred (s-a)-_—^——--_—. ft' 9 Erie RR. Co., c ; Phonograph ; 7oc £% ft . 6-2^ : ft; 7-15 9- 1 7-15 30c, Instrument————— 8- 8-9 ,50c 7-25* Quarterly . ,. ,,■$2.50.'ft —. (quar.)—— & Rubber Co. 7-15 —— — s . preferred (quar.)—^ 7% preferred (quar,)—---— ——Fort Pitt Brewing Co—.————_— 30c 12* 2 41- 9 >31' •7-15 1 ■7-18 7-11 ft 62%c $1.06 Vt 8- >8- 1 8- 1 7-15 8-1 7-18 $1 >15 6-29 ,40c .ft •■ 9-20 12-2 7-31 of, a in cash share of The Fair (S. H.): & 11-20 certificates— • (G.), Brewing Co. 9-3 8- 8 9-20 ■ (quar.)——— 12-27 7- Foster Wheeler Corp., common 10- 37'/2C (quar.)..—— Extra 9-16 1 +._— 7-19 6-29- Labatt 150C 7-25 6-29 Laclede Christy Clay Products— (Stock dividend). One share for 12 Vzc 7-31 •7^15 55c 7-31 7-15 7-15 6-29; ft " shares held ———ft———, St. John Power & Paper Co.. Ltd Lake, of the Woods Milling Co.,. Ltd.— of Canada (quar,)——^ Companies, -Ltd. rquar.)—— Froedtert Grain & Malting— New common (initial)—— i $2.20 preferred (quar.)i„— — —,— 4 & Schmidt Brush. Class .A Fuhrmann Fuller :?* Class Fuller AA — 15c * ■ General Baking Co., i common Electric Co. General Finance Co.- (quar.)— common preferred 6% preferred B A (s-a)——— (s-a) Wi, |l,w m General Investors Trust (Boston)— V Ctfs. of beneficial interests— «• n General Mills General Paint Corp. General — convertible preferred preferred •A 8-15 8-1 ft; $1^0 8-1 ft 8-15 7- 8 ;30c 'B- . -; 8- 30c 7-15 ;i Harbison-Walker. Refractories :Cp-— 6 % -preferred ►(quar.) V* • ■'-. 4+1 «10-';1. ■ft;ft$L25 ^ i'O'' ... — r "75c pre'3rred 'ftftv fK 6-29 7-15 e ' . S ^Special 7-10 4$4 7-115 r ft -:Common 8% H- $* 1 ::ft'BU5 :12%c Loft, 7-15 7-15 7- 1 7,-5 ■ft 74 6 7-20 : 7- 9-40 • 1 >9-40 .. • v 'ft u (monthly) $1 > '" ."ft t 7-ai 6-20 10-1 |94U| 15c * 7*16 ' r- j -30c ;Gas.v4V'a%' preferred (Initial) — Rarrisburg Railway ^ *•>+ •7:15 84%c 15c . ft' , 7-15; 7-12 7-15 $0.290875 'n/i _.■ 8-1 7-10 if 25c '■ft-7- 2f 75c ; 7-15 » 1 7-9* 8- 7- 9* '75c 1 2c 8-4 l%c 20c 8-1 (irreg.) - 7-20 6-28 ' 745 6*28 7-20 12c • 7r20' 7-15 ' 6-28. (quar.).— $150 C- 25c , l' 1 'ft ^ - .. ftt 7-15 '7-30 7-15 prior ^preferred .(qtiftLl W1^.1W?9V^WIMIWWW=. $1.50 ft -31-47 1-21 60 Central 7- V- 1 3ft 8 6-20 •;,v 7c v ftft' 7-15 90 ' 7-15 12c ... - 7-15 ,4C ftft 8-15 . $136 ft 8- 9-16 7-15 6-29 1 7-16 "• 8- ft ,--r 1 7-22 ft; 8*14 8-4 11-15 $2.50 sftft-'ft'" 6-29 1 > l: 50c (quar.),.^ 8- 5 ft 7-10 50c ' 6-28 ft 7-18 10- ' $1-25 . (quar.)— 6-28 7-15 53 %c - 6-28 6-28 ft 11-4 9-10 : Oil 8-1$ 1 $1 8- 9 7-17 15c ftV-9 7- 2 ft;-, $2 745 ftf.ft 25c Texas Indiana 7-23 ■ 37%c 40- L (interim),,! (s-a) •■?*'■ Public Service— ■ ,• ?6-29r 944 i. preferred ,(accum.) $U5 $1.75 7.-15. , ft ;' M£9 - 740 l$l$0 -4- 6*4» V40 . $1.25 '. ">15 SQo 6-29 742 •ft 45c (initial).^r| r 7*15 8-29 10-4 $$1.75 9-3 30C 7-15 6*39 $142% ,, • •->-•5) ■ -445c & Electric—;'• rft. .ft.,4% preferred (initial) 'Oliver Corp., •*41/2 % conv. - preferred (quar.). Oliver United Filters, ;$2 cfass A ,(quar.),_ :>>3t >19 8* ,.S0o . —.— V8s28f 4?4« . . n 845 —. . ft 745 4 749 '742 • . 748 .7- 1 ' 8-15 . , 1 7-15 -- . .. >-- 1 8- 1 > (quar.) (quar.) . 6*20 -ft- , 8- 6-28 V -8-4 - ft, 6t28 7-26^ " 15c : •;88®/|C • • ft,- 8-1' - ■ "ft-.7- 1 7-15 ' Lord to T.aylpr,i8%>-2nd preferred (quar.)__ r*-'Class -B ftft 25C •7-17 ■ft.:.. 8-1 ..$2 !"Lbs;Angeles Investment (quar.-)^w-+-i-w--Ontario Steel Products, Ltd., com. $25c (quar.), n$2 '*15 ft 7* 1 : Lpuisville GaS & ?Electrio (-Ky.:).common-,,... "ft -25 r6fB9$$1.75 37%c1 (7,% -preferred .(quar.)-—i^-Www'ii»"* C 7-15 e Jjartfbrd;Electric .Light Co. (quar.)—1 5%, preferred ($100 .par) $17-15 6-29 (quar.U-ft™,.-. $1.25.'Oppenheim •Collins' to -Co. (increased 1^4 Hat Corp, of America— ^ , . -5,7« preferred .($25 par) , 7A5 ' f+6-39 •ftft Ox -Fibre Brush— 25c ft (quar.)—J-i.—SlVicft ••$1,12%' 7-16 .;4% % - preferred j[qyar.) Lowaey '(W; M;>ftCo.^ Ltd; {(quar.)——!,,-,-. $12%c 7«43. -47-31'-7- 8 ft; ■ftftftPacifio^Coa^tsAggregates^'ft .-ft.ft *,::.ftUM;f&zM Heeht Go., xommcn. (increased) imoc Luzerne .County Gas' to Elec--r-. . + -v ft .4 7- 8 -* ,7*31 fih'&Wfr [convertible ^rbferi^d (quar.),,—*.— • $1.12% *•'3%% -preferred ►<quar.)-L-l_z^J-^v4--ft.vft -93%c ft 1.i.4V4%' preferred> 8- 1 (quarft)^.ft.i—ft;————XL $1.06'A '7-15 -8-15 8- 2 ; Herqules .Powder :Co.N 5 7c, preferred ,(*quarO|;^ $1.25 MacAndrews to .Forbes Co., common-^—i--"—*. APacific--Finance :Co. ^Lbs^ngj)-?ft • f *6 23« • -;35c •7-J15 ■'J >8*15 4 ''7-25*' 5% preferred (quar.)——$1*25 ''*8% preferred (quar.L^— Hershey Chocolate Corp., common • (quar, v 75c* 6-28* 7?15 $1.50 ■■-ft 8-15 : ft";7-25fts, iftMaov (R. :H.),^'41/4%.;;'preferrfed (quar.) $4 conv. preference (oqar. V.ft; ,8-1 7- 9 ftft 4Paeifi^Gist^'Electric (quar:)3—'50c •$U06% 7-16 ft; Madison Elbbard Spencer Bartlett & Co.,; (spec;al)__M Square Garden ft ; 50c >?; 7*26 (stock dividend) .r- X./'.-X., Pacific .Lighting Corpf; $5 pfd. (q.uar.),^$1,25 Darrlsburg 8-13 7-15 80c ft-; •; $%. ^preferred .-(quar.).—^ Northern States Power (Del.)— tl%• .preferred .(aceumO, ft. B-20 8-20 ' 25c » ; . 9-10 " •pgilvle Flour .Mills, Ltd., ..common- (quar.) 7% preferred (quar.) - : «.o. £ 97.3 ftft 6-11* 10-15 ,8-30 •>ftbklahoma^'Oas •6r26 5%?ft»wU(dpating ^referre4^(auar4^4^ r--;$L25; h 9- 3 : 7-18 7%c sTNu-Bhamel Corp. (quar.) ftft; ftNutrjne; Candy Co., new common : $2 (quar.) 7-15 $1.75 •■••;:■; 15c>; v B- T " Candy^ 1 1 ft 7-15 ftOftft 30c ? ftf Northern States [Power (Mihb.)— iv-fti $5 .preferred j(quar.)_ il$-»19 41^29 50c. 3-10-,47,2?24-47 7-15 8- -• \y": :6% '50c 75c B 6-28 : 8- > 30c quar.) Corp. 9-19 42-19 ft 7-15 -5C Investors preferred Northern .• s8r23 ■ 9-28 56 %c .+Quafterly. ; 5$*23v 41=22 .124.0 :.j50a i preferred Gas :ft;£ 8*15 12-28 10c v .-ft^.™.—. Welding Machine Co. (quar.) Fuel 7-20 8-31 $1.5 (y — (initial 8-1 . $1.50 ft' .-"-ft**"#-.-: — to Northern Central Ry. ■ft (quar. ).^T-,».__„T.»,-_ Longhorn Poiitland Oeinent Co<^-ft> vo ^L$tio" > ft+North ,6-15 7-18 $1.10 $440 6-29 i l/ft./'V-ift4 —ft.— & Western Ry., common .Adjustment preferred (quar.) i6^28* :25c 12 %c 6-30 6-29 ) America— Norfolk . i $1 3-10-47 2-24*47 PibpOo.'—^/ /:;.i .preferred •ft 6-12 h. p_v -o 1 ft ft s of r6% 1st. preferred (accum.) Nineteen Hunlred; Corp;, class A s$5o guai*anteed(Quar, Lock .Joint 9- )ft——ftftft' - 25c ;50c — ^^^Ciass-A-Riuan)^,^—-• 7-15 SOc 7-15 ; • Newark 6-30 ft e-29* 7-20 New York Power 6-30 V>1Q 7- 8 7-20 England Laundries. $§ pfd. <quar.) ft; $1,50 &.Light, 3.90% preferred,, ft? 97 %c Telephone, 6% preferred (quar.),, :i'l $1.50 Newberry (J. J.) Co., 33/4%. pfd. (quar.) •i 93%c .Jv.Vft'.'.A Niagara Hudson Power— V ft 6-30 $1.25 Special guaranteed (quar;),^„_^.,_,^ ftLittle SchuylkillrNay. [RR.ft^c' Coal/(s-a)*-,»• 7-10 6-28 7-31 ft :ftft New 7-18 25c ■ ft preferred (quar.)__ New Brunswick Telephone Co., Ltd. (quar.) 7-18 8-1 : SOc (quar.) Original capital Special guaranteed %c 1 8-27 11-26 << 9- 3 % 62%c $1.50 ' ft***: , National Tea Co.. .4%% 10-26 8- 743 3 741 12%0 37,% c (quar.)_- National Radiator Co, National Screw 7-26 11-1 87 —-T, - 7-22 8-1 25C f ft 6-29 .,30o 7*').Originalcapitali.__.——,w—ft—^.rn,.. . Hanson-,Van Wiokle^Munning. Unitial)— • 6-15 7-15 ft ; 8-1; 8-1 9- 12- 2 — 7-22 1 $0c ^Original ".capital 6-20 ■; ft-'.'i^ftft,;ft!/ . 1 7-15 . (Fort — Little ;Miami RR. ,C0,-^ ...$$5;,' 7-15 v. . B- $1.30 12 %C Co. [.(increased -quar.) Utrnel Corp. (resumed) Lipe Rollway Corp. Class A (quar.)— Lit Brothers, '&% „-preferred (accum. 7--20 8-. 4 -"J- . ^ 6*25 . >6-15 7-31 ftft. lc Com,w^TO.„.u+.w;National Securities Eerles-r ft ^Bond series ft• Lpw-priced ' bond -Speculative series .5.,— iLow-priced < common stock .;serles„i.^.^^ ftftft 743-^ .7-15 —... •Lion Gil ,8- 1 ;; Ic Cooper^Go.—^ ^ 1 -«% v 8- 1 <6-7 preferred (s-a)>, National Pumps Corp.— 8 ;3 7-6 7-11 ■ •5% * v „ 7-15 7.-10 31 Vic ft.6% 8 7- 7- 1 $.1.25 Mallison Fabrics (quar.), National Paper to Type Co.— (Del.)— Class Bilquar.)—— 5% ^ 6-27 62 %o Grandvlew Mines Hammond .Instrument, $% <pfd. 4.quar4 7- 746 8-13 •> «1 National > Lindsay (C. W.) & Co., Ltd.— ft. iftSS%■■%';? preferred (accum,)ft_—— Link ..Belt Co< (quar.)..— 6-24 6-28 30c Great American Insurance (quar,)^—— Great .Lakes •PowerCp;,..Dt4^'f.-:.';+;* i ; t$1.7S « 4^$7-Apref iM quar. 75c Green ((H;;L4 ;iCo,:-(quar ) ft:S34%c i -j5'Mi ^ COnV. filti. '( 15c GriesrFfleger Tanning iCo. (initiaD—— ^Griggs,• 7-10 a-;l. $0c -r 7-22 6*20 1 7-15 $1 (s-a) -National Lead Co.— 7-15* 10c ftCSdss.Aft(quar.)ftft-——--ftn- 7-10 ft 7-15 4UC ft ft 50c ftft $5C.. ft ■ 7-25 1 .7- 8 10- 50c ' Extra National 745 37 %c . Lincoln Telephone' & Telegraph - 1 7-25 1 ft ft' $1.12% i'«r.Extra . Insurance .. 7-17 7-25 ft $1.25 , . 6-28 '50o> ft — Life 8- ■ 1 ftft ■ 745 50c ;7ft7-15 •ft. rExtra 6-29 B- 8-1 >' , Distillers^ (Products ; (quar,). — National '12-21 50c Quarterly —ft._. Quarterly ;.. ■, -■ -— i" Lincoln Printing Co;,.;:commP>-:-ft—ft——■ $3.50 preferred - (quar.) ^ 6-28 $20C Safety Razor, common (quar.)_— $5 preferred (quar.)_—— Gimbel Brothers, Inc., common $4.50 preferred (quar.)— Golden State Co.. common (quar.) ;— Goodman Manufacturing ^ Gotham Hosiery Co Graham-Paige Motors Corp.— ,jk 5% class A »preferred % (quar.) 5% conv. preferred-(quar.) Granltevllle Co. tquar.) Corp.. com. National -Extra- • 8-28 ■ft; . 7-15 12-31 6-22 v-'.'ft '5c 777-15' ,$1.50 7ft 8-4 ,8h9#ftre„^,■ Register (quar.) common National Elec. 6-29 $3 75C ■: (quar.)_ Gillette Lincoln 8-1 ft Stores New 3 17c 7-5 jftf>15,7 7 & convertible National 7-15 . 7-18 ■ 8-26' : $48o & National Department-Stores— 6-29 7-15 $1.12% $1.12% 7-10* 5- I . —ft,——• 1* ft 7-15 Be " ft4%% preferred ft; (quar. Lexington Telephone, 5.2% "preferred (quar.) Liberty Loan Corp., 50c preferred (quar.)— 6-28 $1.37^ (initial quar.)—~ (quar.) V$6 preferred (quar,)—— General Steel Wares, Ltd., Common • 25c S •ft. 31%c 9 ft . 8• 50c (quar.)™— ^•■8-1 (increased quar.)— ,56 %c ■ 5 43/« % ; 10-5 8-15 'ft!:r 7- 5 25c Lerner 7- 7-20 6c Machine 7%c 7%C ■'., Mfg. City Bank (N. Y,). Company (initial). Container 1 Corp.— National 8-3 8- 8-1 •745 .$200 4.%% pfd. (quar.) ytvov*-*(increased).,. Company, common (quar.) Chemical National 1145 ' 11- 6-28 6-21 J - 37'/a C 45c , 37 %c 11-25 ;i 5- 3 >9-3 6-25 $1.75 ?ft'7-15 Co. Cash . 11- 9 11-25 30c W mm mm — — —. Public Service— $4 5c $30c $$1.75 — " B-25 ft *7-11 . $150 ; Kv, National 6-21 Leece-Neville ft Lefcqurt Realty Corp.+ft* c ftftft> $3 convertible prior preferred (initial)—.— Lehigh Portland Cement (increased)—— 7-15 7-25 7-16 B-25 >15 Lawyers Title,Insurance, 6% pfd. (s-a)—Lebannon Valley Gas, &% preferred (quar.).Lee Rubber & Tire Corp. (quar.),— I 25c ; —— —-r 9-20 32c 7-31 $50c 745 7-15 25c Society (quar,)— (quar;)-'! — .. National 33%% V Extra 7-19 40c ■ — • 5% 1 Lb- $54.25 (quar.)_ 6-25 class A ..■ National 9 7* 9 •6-28 7-15 745 r "745 , 15C -Common (quar.) 7% preferred ,(quar.)— 3 Co.,- common Lane Bryant, 4J/2 7o preferred (quar.)— Langendorf United Bakeries, $2 CI. A (quar.). Class ^ft.(quar.)^ft—; 6-25' 8- $2 Landis 6-29 10-1 15c —- each 7-16 ' $250 .Common •7-15 7-23 (quar.) __—: preferred .ft(quar.) 7% ,6-29? 7-23 (quar.)_——. Lamson to Sessions Co.— ■6-25r 7-15 :10C pfd. This payment clears all arrears General Capital Corp. (irreg.)—.— ? $5.50 ; Ltd. Common 7-22; .7-22 7-15 8-1 , • 7% General 50c $4 ,-$8 preferred (quar.X—— General Cable Corp.— 1 7-10 12^c ClaSS B 1 8- • IOC . \/ 8- 60c — Co.——— (John) Lake v " (quar.)_—— (quar.)— Manufacturing *4 25c Brewing— Fyr+Fvter Company. Class- A f oyar. L Oabrlel (The) Co,-5% conv. pfd. (quar.) Gardner Electric~Light, common (irreg.)— General Aniline & Film, class A———- - 12%c - I35C Fraser 8-1 25c : ■ Foundation Co. 7«31 8-1 .$1.25 : .: (quar.) Njitlons.1 vBowdi 12-20 7-16 78- iQ Development common - $1.12% :12%C ft.8r.15 — National Battery National Biscuit 9 7- 9-27 ft $142% (quar.)> :v 7-26 $1 • ^— 745 40c r ^u^r.)-.»A^«- 7-16 50c ft—ft«. 8-1 .80c (quar.) Narragansett-Electric, - ,12-1 -8-.15 ,r v6% preferred (quar.)— Mutual Investment Fund (quar.) 7-15 . of Co. .(increased) ft— Krueger 7-10 surrender 42-5 ,400% Tel. (quar.) Mullins Manufacturing— ,$1 preferred (quar,) Munislng .Paper— : : r, 5,% 1st preferred f(quar,)—, Muskegon Motor Specialties— -$2 and $4 r common 8-20 upon & ft Co. Insurance Quarterly ' Mutual Chemical .Co. 16% preferred 7-15 . 8-1 .9-1 —— 6-20 12-23 Light— Mountain States Tel. 6-29 " 9- 1 il2- 1 9-5 — Mount Royal Rice Mills (initial) Mountain" States Power Co., com. .57# preferred -(quar.) 6-18 9-3 Telegraph Co. (quar.) (John) Co., 7-1 ■ (initial)—1 Mount Carbon to Port Carbon RR. Mount Diablo Oil Mining & 7-12 7-15 10- 1 Kroehler Mfg. Coft, -4y2% preferred 4%% preferred (quar.)—,w ; Montreal v- •741 12- 5 $1.50 dividend Morrell 8-10 425c Kress 7-22 3 8-4 • __ 7-10 6-28* 1 9« 7-15 'ft 7-15 12- 300 7- 'l 7- A $4.50 ; piping&:gupply ^o„, Inc.— Morris Plan 7- 1 7- 5; 7-ftl 17%C ,10c • 6-15 7-27 7-18 9- 1 7-1 82%c ' 745 • ft .ft ,30c ' Jquar.)^,—*. — ft 7-20 ft 6-30 --- 6-28 17'/aC ': — 7-22 25c Extra 1% •6-28 $-•!•, 4?5C . Monarch Knitting tCo., commonft-——— Monongahela Valley Water, 7% pfd. (quar.) Monroe Loan Society, class A (quar.) Montana :Power Co., $6 preferred (quar.) Montgomery Ward to Co., com. (quar.)— 6-15 7-17 $1.50 Fitzslmmons'Stores, Lta.— . 7-15 $1. " v $1.75 Liqueur;Corp.—*.—— 9-3, 8- $ 30c ft ; •ft'; .^.JPS ft; $6;;lst,vpreferred -fft^uw^ft^^.-,ft«ftft«^::V Mohawk 6-24 9-16 40c ft — 75c : 7-15 : •aoo non-cum. (quar.) Mississippi Power 7- 3 $75o » 8c Boston Corp. (irreg.) First Mutual Trust Fund— 1 6^ 745 : 25c — 7- 3 413c —— $2.50 (Increased)-— First 8- 25c —— /10-10; 75b ft 25C . 7-10 10-15 £ $1.75. 83/40 -— (quar,).._, " 8-2$, ft Quarterly ———+———+r—-■■■ »•& -25c Kobacker Stores, Inc., common 20c (increasedW** v$l$7%ftpreferred/ (quar;)ftfti^-ft-»+_—.~£"?*®-34%c Kresge Department Stores (liquidating) %rds V. r8-30,r 7-15 ;$1.73 —; preferred (quar.)————— Fireman's .Fund Insur. (San Fran ) (quar.) ft preferred— Kaufmann 'Department Stores Kentucky Utilities Co., 67c pfd. .(quar.) Klein (Dft Emil) Co.' (quar.)—• Quar a rly i(.,i j).|i n';.ii)i — --n-.-OTWrm » in 'in ' 6-30 > 7-15 $1.50 • 1% Firestone Tire 7-15 ; 745 ft->43 ift. $lv73 Tea 4% . 8-15 8-30 50c ft —— preferred 9-20 £ 7,/aC , - 9-16 10-1 35c —— }■■!% 10- 1 . * Quarterly;; — : Federal Mfg. & Engineering (initial)—. Federal Services Finance Corp. (Wash. D. C,)— Common (quar.) — £ pfd. (quar.) Fenton United Cleaning & Dyeing— f 8-22 €47 7-15 •■'« 111-29 ;25e . . Midwest Rubber Reclaiming— New common (initial quar.)-*.———— Mill Creek, & Mine Hill Nav. & RR. (s-a) Miller Manufacturing, class A (quar.) 5% preferred*: (quar.)___i. CTWWfc# . ,_Kalamazoo Stove $ .Furnace— Kansas City' Southern Ry.— Farmeis & Traders Lite Ins. (Syracuse, JN. Y.)■ 4$1 .. .7-15 ' • 65o + — 6-15* r, 1 . 9*10 $1.50 ; 6-15 .6-15, 8-30 ft ftft J25c — 7-15 "r\745 Co., 4V4% preferred (quar.).:— Johns-Manviile, 3% % preferred (quar.) .87%« Johnson & Johnson, 4%i 2nd pfd. (quar.)— ftv $1 Joplln water Works, 67c pfd. (quar.) $1.50 Journal Publishing Co.417c (Ottaway(quar.)— ' ft' $1.75 • convertible ,pref. Jewel 11-15 -- - preferred Stock . 6-28 745 ft 7-15 . 94c i„ — <— preferred ft (series 1940): 6% 6-30 >15. , 'ft i6 % "New common $25o (quar.) ; : ft (quar.)—ft——— preferred Midwest 437%e (quar.) —^—— Jacobs (F. L.) Co.;'5% preferred (quar.)— 8-16 ft 12- 1 Milling, 47o .preferred 455 %0 •• 6-28 7-31 (quar.) .WWW*' quar.)—.— «• 745 •7-15 3%c Common . •ft7r$ft $1.25 $155 Common r 6-28* $1.25 (s-a) $$1.50 ft V -r1T?*W!S preferred 7- 1 ' (quar.)_ preferred ft (quar.)— —.—«!».«-• Mercantile Stores Co.ft 7% pfd. (quar.)—Mercury Mills (quar.)_ -i.•"•••"a-fm w Messenger Corporation (extra) Michigan vPublic Service— . . 6*27 :.... . 6-28 1 ..;50c •.ft 8-4. #3%C 7ft-.B*3l 43%o 1140 6% . 7-8 North America InveStmept Management Fund (irreg.).— Investors .Mutual, rlnc.(irreg f lowaj Powor$t Light Co. 3.3,0 % jjfd. (qua^).^ Iron Fireman Manufacturing .Co.— 9-7 7-15 15c (quar.)_____ Eversharp, Inc., new common (quar.)——_ Faber Coe fc .Gregg, 7% preferred (quar.)__ & ■ ,60c , $5 preferred A (quar.)— Camera' : .T-1'5 : "*'•6% ft;.;'6*27 8- 1 ^vestmept Foundation, Ltd,*—ft 7-5 7-15 ; ftft^o? ^■$$'prefeiTedvA^tiquar.L^^ Palrdiild Telephone,$2,pfd- (quar. ) Intertype Corporation \ .. 1 k 7% & 2 7-31 ft 50c preferred ($5 par) (.quar.),—VInterstate Department Stores (quar.). 7-5* 1 4' ft' 7* 6 l:?4-26ft $ SOc 1% 7-1 8-2., 9t23 8- 7- 9' 20c International Nickel Co. of. Canada— ,77o preferred (quar.) 7-10 ; 8-1: $1.05 ft (quar.) Elgin Radio -.'•5%-' Group shares,-,—^, International 7-10 8-1 •ft 25C 6% preferred B (accum;) Eastern Stainless-Steel (irresr.) —"—•—__ (increased) "• $$0^ 42-8 12-21 v » Emerson .$1 90 ; V international Bronze Powders, Ltd.^Common .(increased quar,). .6% par,tic. preferred (quar.) International Business Machines (quar.)_— International Harvester, common (quar.)— -.'.>14,.r'; ■?B-,l-.ft;f 9-30 $1,50 $1.50 —. Electrolux Corp. ■ . : Quarterly •■i:Quarterly"i^+.».-^^.,^»«.„^,--^tEastern Massachusetts Street Ry Co.— Insurance , 7-16 < Eastern Magnesia Talc Co., Inc.— -*"$4.20 preferred arrears (quar.) (increased '745 ';•. ft- >20. ' $3. 400% ft: Mercantile Acceptance Corp. of California— 5% preferred (quar.)ft5% preferred Institutional-Securities, Ltd.— » 8-15 ,50c , Insurance Co. of 5*24 ■ .• preferred McLellan:Stores Co., 5% '12-20 j $4>50ftpreferred sA ftl final ._™ . 42-40 —-*• Mclntyr©^ Porcupine Mines, Ltd. McKesson & Robbins, Inc.— 9-20 ••■* (quar,) 6-20 '7-15 7-31 ,46c ;ft." ,- 6-20 '7*31 ft :$25c preferred Common ••$1.25 Trust— '"-t —.yi+'r -.itwr* ft ''>r5 " 745 50c ...'ftftft 40c Common 8-9 9r30 Investors ;■« $-29 745 420c r$l7%c . 8-8 e-1 ■• 7-15 ■ (quar.) ft. com. McClatchy Newspapers, 7% pfd. (quar.),,— 4 !J% .preferred (quar.)——ftMcColl-Frontenac Oil Co., JLtd.«- 849 $1.25 : Ltd., "v **» ft, .6% '649 3 745 12%c Massawippi Valley :RR. Co. (s-a) —"-"fr-"tt "Rrw? May McEwen Kaiser Co. (stock dividend).— S McCall Corporation •>(quar.)——. • ' 9- 8-<15 —— Massachusetts ^Industrial Rayon Corp.— 8*20 1 7-10; ft5-24 'ft 8- 1 ft >15 2% <initial)-.-t.^^i2^--— Duquesne Light Co., 5% 1st pfd. (quar,)— Dwight Manufacturing Co . » ■ ft Incorporated; Investors 8-20 • -7—10. 10% -[Extra DuplanCbrp. <i. ■ ■Illinois Power Co.?— r-5% pfd. v-ftPayraent clears all Dunlop Rubber Ltd>— . y^^mericair ^poeitReceipts (finally——~ •' - t >10 9-10 (quar.) 9-9 .',25c :$70c -,C^.;•.(Q11 ftF«^W'J•*; .Extra 645 ft $1.50 Ruttig Sash & Door Co.—. s ft/5% preferred (quar.)—. ■!■ .«,'•■•ft:j 5% preferred tquar.)— ^ .7-25., —— >15 $50c ;.7-i5 r ft.7- l;..,ft Imperial Chemical Industries, .Ltd„. (final) _L. .••yftvft Dnperialle Fuels, 6% par tic. preferred (s-a) $1 41-21 $4 ' ft,7-15 7-15 - $1.12'/a .50o . preferred ;;(quar.)r -1142 % $4.50 preferred .6-1? - Co.;,.copimon.,^^,«,,^"^\-75c Dun At Bradstreet; Inc., common ■i' 7-15 !j 420c 4 .$4 preferred A ;(quar.)—: •. ,"7-31 i4$1.75 FielCl ' 7-: .2 m Huipmel-Ross Fibre ? Cord—» ft,7-$ ft7- ■■"6% :preferred (quar.) H 8- 1 ; I ;,7-.2 .425c - 't$3;50 Uolaarp xatfuMW >15 37 %c Maritime Tel. & Tel. Co., ft 7% preferred (quar.) - .6-30. ft h 8-21 ' ;■?, 4l0c. ———————. Dominion Tar & Chemical tquar. Dominion Textile; 7% preferred (quar.)-,— Dorqinioh >yoolens ;&; Worsted— •*-"' <? 4 -increased ' quarterly •Dow chemical .8-1 ;:;6*30ft-; 9-4 . ' * $30c b7-31 •Quarterly • . 8- 7-15 6*24 12-1 'When JPayablp ,50c ft — •7-25, 250 iPpr •'. Sharp (quar.)———— «• *• ; ; ■ft; 7-15 _ ■Dominion :Qilclotp^&' Linoleum 7rl5 8-1 $37%c ' -*5% 10 ftft-ftftft£ftft; .'ft:-. fft pfd.ft(q,uar.)—ft-' Maple Leaf Gardens, Ltd., .7% ,non-cum. ;pfd. Marchant Calculating Machine Co; (quar.) 'Marine Magnesium Products Corp.—; 40c 8-2 ft 8-29 •' •;-4? -.(Extra e.40c 7*26 •ft >'3 ft c $4.25 . preferred ft (quar.) >» ***+ <m «*• it W«ai mL ■" * 9-27 ftVft'B- 6 $1.06% Horn & Hardart '(N. Y.), com. (increased)8- 1 ftft 7-12 ft ' 50c: >; 5% preferred (quar.) <''$1,25 ftft ft9- 3 .,..844' ; Household ^Finance Corp., com. ( increased). "40c ftft 745 ft ftft 6*29* % -preferred:Xquar.)—•; v 93%c 745 6-29* Howell Electric Motors (quar.)——-——- •ft 7-10 6-25 '7%o • ft 7-15 1 47L'c „ > 7*15 ■^ 'ft Itane ot Company Mahon (R. C.), $2 Class A Manhattan Shirt Co. 6-24' 7-15 745 'Hoitt -Renfrew to.Got;Ltd., 7% ?pfd;^(aeeuzn*) : Hooker Electrochemical Co., -com.-;<quar,)i-.: 7-31 $44c + _ '•■•!£££:! • Southern '*■»$1,class A- *,,, ^, :'>T V 8-1 v20c-' ;•> .ft vf Rao. " *7-15 • $1.25 v +.-• —«— of- • Payable 42 %c 153 Hoiaer* , .8-45 . Sharp >.j* Mineral'Corp. 4or each share held)——ft Holly Development Co. (quar.)——,—— Holt (Henry) & CJO.-4 „ ■ ^,$4 class -A tQttWi).— 6-BO :7?15 ■" .. $$1,25 (Edward) Lumber Co. Stock jiividend ;(One share ; 7-15 > ' Higbee Co., mew common (lnitial)^!.4ft1-5% preferred (quar.) ———— >30 J m tm Pominiom .&-Anglo investment* Corp., ••.Common 4 annual) Dominion Coal Co,, -Ltd.™™* h6% preferred (accum. ft;,;,.;,Company ■When iPtr : -v. .Dixie Home', Stores(quar.") Dome Mines, Hoiam ■Payablp ■Sharp i .' pJsUllera Corp-Seagrams,'^W-rr $•5% preferred ;(jquar.).. ■When '.•>■ i .7-26 ft' 7-19 745 '>'-*7-:1 .8-4 ',7-19 6-1?. • * r "• . . Ift^Jl . < . ' , . ' . • .-Monthly ,;.fl50. ft 7*26 1 ;7-16 ... .Two additional shares for each share held 745 6?28 *745 «-30 7-15 6-28 * 7-10 6-26 6% preferred iquar.) $1.50 , THE COMMERCIAL & FINANCIAL CHRONICLE 154 '• Name of Company •. "Packer ; Panama Coca-Cola •Pantasote will Bottling—^—-— (stock dividend) holding less than 100 Company Stockholders receive Paraffine Cos.— cash 20c a * 50c ■'';• . : ' • ___ (quar.) (quar.) Common . i $1' common 7-15 7-1 8-5 7-23 Schwitzer-Cummins 7-31 7-12 10- 1 9-14 1-1-47 12-14 4-1-47 3-15-47 25c 11-15 v. -15-47 2-5-47 3 8-15 9- 1 8-1 7-15 7-25 7-10* ? 7-15 4 •Sinclair b: 7-10 7-1 -Skelly 40c 9-10 8-16 "8- 1 7-10 60c $2.50 ; 8* 1 $1 7-1 7-15 90c .8-1 / 7-15 .7-15.: $2.50 7-15 7-20 7-1 4 7-15 7- 1 $3C 7-15 6-15 8- 1 8- 1 80c preferred 2nd ■ 15c 7-20 7-10 8- 1 7-18 $25c 7-20 20c <7-20 7-25 $1.50 7-25 •Class A 6% preferred A 7% ISO 6-27 1 7-19 6-30 6-30 • / • 7-15 $1.31% • 8- 1 7-10 ;$1.75 10- 1 9-15 10- 1 9-15 8- 1 7-15 7-24 7- $1.75 5 50c $2 -preferred 1quar.) ——-————— •Richfield Oil Corp. (Calif) (increased)—4Rike-Kumler 1 Extra 5 Co. $5 ;'' Thew preferred (quar.) (quar.)———.—:•— 75c receipts 20% (final) Roosevelt Hotel, common-———.-— 6%non-cum. preferred-——«_—----Royal Typewriter Co., common—-——— 7% preferred (quar.)——.—— Russell Berg Fund, Inez,(irreg.)— Russ Building Co., 6% "preferred (accum.) 8 Truax-Traer Tuckett 7-15 7- 5 6-11 7-15 77- : 208 1 Fifth Avenue $1.75 7-15 A class 25c 7-20 35c 7-25 :St. Lawrence Flour 7- 8- Common 7% (quar.) nreferred Mills Reducing US Debt Limit duction of providing for the the U. S. debt limit from $300,000,000,000 to $275,000,-000,000 was passed by the Senate un June 3. The Senate Committee had voted unanimous on Finance April 23 approval of the pro¬ posal made by Senator Harry F. Byrd (D.-Va.) who said that such action would basis. ■ on a the Treasury pay-as-you-go \ "The Bill goes to the House for fiction. cial "Times" from Washington said: widely in Congress as a'definite step toward the end of deficit financing by the Govern¬ 5c Corp., wwwnn $1.50 • extension bill 7-10 $1.75 son re¬ interest in the computation of the Federal debt. For example, Gov¬ the ernment bonds ator will be computed according to debt purposes, their current value rather than on cut tory Treasury. 11-15 7- 6 ,7-5 •-. On face 8-10 11- 9 7-15 9-20 Yale & New 8-15. 7-31 York 8-15 7-31 8-15 7-31 25c 8-9 7-10 listed 6-28 30c 8-1 Press under present law, the Treasury carries of this date That 7-15 8-1 7- ginning July limited to that 1 will 8- 1 7- . the statu¬ ference between 6-20 7-15 7-15 6-14 75c 8-15 8- t, 1U1 (quar.)__ or the debt 6-14 11-15 75c 2-15-47 2- 8- 1 11-15 11-1 $1.25 2-15-47 (quar.) Corp.— 8-15 $1.25 2- 1 40O $2 prior 50c v 8-1 8-1 7-20 SOc Vs? pfd. (accum.) 9-10 933Ac (quar.) 8- 7-20 ?;r> common 8-27 7-10 1 Co., new ,7-15: 7- ^ common the 1 to be¬ be the dif¬ now and 8- 7-10 ;/:v7w *, 7-15 7- 1 1 7-15 7-10 6-26! 10C 7-31 7-16 15c 7-31 7-16 15C . • . ,, 10-1 9- 6. 30c ■• „ 1-1-47 7-15 12-20 50C , (irreg.) 7-13 7- 5 6-20 $25C 1 8- 1 7-15 75c (quar.) Cooperative Mercantile 8- $31'Ac $37 %C preferred 9-15 9- 5 75C 12-15 7-15 7-15 Institution- Vl,: - ■ v- ■■ Jamaica spending." From the latitude , 15%: in ; c , its resident deficit Byrd's in the Senate,we quote: Z am requested by the Senate Finance Committee to report this bill to the Senate, with the unani¬ mous approval of the members of committee, approval of the to as well the as Secretary of the _ , . , \ a Leas British source. income Non» tax pay-as-you-go basis, and that def¬ icit financing on borrowed money will have to be discontinued. ■ "This is an important step in the establishment of a sound fiscal policy whereby the expenditures of the Federal Government are kept within its income. It restores the check against excessive spend* ing, because no longer can public funds be expended unles the reve¬ nue is available from taxation. "I . July 1 the debt is esti¬ be $275 billion,' there¬ m in 16 years the Federal Govern? ment. fiwst pperate strictly on a • ~ remarks 7% tax. : ; t Senator Treasury.; dividend. tPayable In U. S. funds, less 15% Canadian non-residents' tax. $ Payable In Canadian funds, tax deductible at —tax more "As of deficit 7-15 $25c (quar.) new ceiling limitation. If the public debt is further reduced be¬ mated 7- 1 6-30 9-30 $$1.75 (initial) income tax. •Transfer books not closed for this < V that 7-15 7-15 $2 (quar.)__' the "I ; ,10-15 15c „ Orchids, Inc. : by com. 5c 25c 25c (San Francisco)— (Thomas) xLess 30% 7 have (initial) ,y Ltd., 1 $1.25 Quarterly Quarterly 2 6- statu¬ year have $700,000,000, 7-15 $75c $$1.75 2 7-1 $1.75 public $274,300,- as $1.12% ■ preferred preferred Zion's 6-29 the means 7-17 Manufacturing Co 5% 7-16 $25C financing for the fiscal Associated as 000,000.; 7-17 8-15 Corporation Zeller's 6-22 after debt 8-15 r,;,' - Towne 6% $2.50 outstanding notes. Vinson 7-10 $1.50 (quar.)___ common common Young Associated Press added: "Mr. 7-16 $1.73 ; Worsted Yellow .Cab Co. 87%C calculated April 23 Senator Byrd ex¬ plained to reporters, according to the report of the Senate group's (quar.)__ (ouar.V preferred :v,::-Extra. 6-28 8-15 Mr. Vinson agreed of 6-30 8-1 'V75C' Sewing Machine, Wyandotte 7 10-1 obligations and not the full value pfd. Wood (Alexander & James)— 7% 1st preferred (accum.) Wool Combing Corp. of Canada, Ltd. (quar.) 7-19 7- Committee provided that the stat¬ The , 8- I,/ 7-15 $2 7-15 6-30 18-15 utory^ debt should include only actual as $1 $1.12% 7-10 7-15 the. actual them would measure 7-16 Wisconsin Gas & Electric— 4%% preferred (quar,)___,____________ 11-25 •7-15 to the proposed reduction in Sen¬ Byrd's 8- 6 7-1 8-1 •:7-15 Rn<» now ; 15c V 33 %c / *7-31 15c as ——— 8-26/ 7-i5 $1.75 2 7-25 "'7-15 ± debt 10- 9 7-19 $1.50 12- 10c at 10-19 — Common Wichita Union Stock Yards, 6% pfd. (s-a)_ Wichita Water Co.,. 7% preferred (quar.) Wisconsin Electric Power, 6% preferred-'— 62!/2C on $1.75 $0,472 dividend) Wichita River Oil Corp,, 26c $10,000,000,000 off the the basis of their maturity value. The bill is supported by Treasury that, (stock 6-25 25c (accum.) due 9-10 6-28 ■ bonds 9- 5 9-20 $4 $1.50 $$1 (quar.) now 8- s 9-15 $1.50 Whiting Corp. $1.12% other 8-15 13'Ac 7-10 said the provision to list these and 7- 5 7-3 v up. 7-15 7-1 8-1 $1.50 pfd. 8- 5 O- 6 7-16 ;vs«4 _______ 7- 5 ; 8-15 9-15 7-15 92 %c 7% 7-10 7-i5 13 %c common (quar.) convertible 7-15 7-20 ; 25C tory debt limitation is concerned, Victory Bonds originally pur¬ amount p $4 8-1 13'AC 13 Vic chased by holders for $18.75. fore Byrd's resolution is approved Senator- / Secretary of, the-Treasury Vin¬ by Congress, the Government will "Wall Street Journal" value, as far 8-1 $3.75 7-15 13'AC (quar.) White ' finitinll ported from Washington on June 3 that "as passed by the Senate, the Byrd bill excludes 'unearned' at $25 7-- 5 12- 1 t 13'AC preferred A (quar.) Weston Electrical Instrument Westvaco Chlorine Products 5 8- 37 %c (monthly) 7- 1 7-31 30c (quar.) Dyewood measure was Washington, 7-15 7- 12-10 50c $5 7- 5 ; 9-1 Inc Common :;;7-;2 25c _i___ United Fruit Co.— permitted break through debate on the from 7-20 $$1.75 6-90 the 7-15 7-15 7-1 9-10; ; Mills, A 9-15 7-15 " 62%c Co preferred A 9-20 , 1 7-15 13c (quar.) $5 7-10 50c (quar.) 6-29 Tjpw 1 A Penn $5 preferred 10- $1.75 Pictures Common 8 9-28 12-29 $1.75 (quar.) Co., 7-6 6- 8- $0,472 R- by 8-1 7- 1 1 10-1 $1.75 4%% preferred (quar.) Western Grocers, Ltd., common "7% preferred (quar,) Western Pacific RR. 9-1 .7%c ; , action Under date of June 3 spe¬ to the New York advices "Viewed Corn, 1 25c 8-1 Byrd, its author, called it - 7-8 $1.12% Co., 5V2% preferred Ltd., 7% pfd. (quar.)_ Secretary Vinson." borrowings put 8- , .. 6-21 for 6-29 f;-'$2.50 7-15 The 7-15 34c ,r„ for summary approval as re¬ 7-15 $75c pfd. (quar.) common (quar.) United Drill & Tool Class' B 60c Class A (quar.) Service 1 $3.25 non-cum. $400 to 8- 1 10- 1-1-47 $2 (increased quar.) Electric Co., 6% 7% preferred (quar.)_. West Penn Power Co.— 7-15 $75c 7- 6 Selective 8-1 .25c 7-10 ment, the 9- & West 7-ia 7-15 $1.25 250 (quar.) Wellington 7-12 '8-1 62 %c (Initial) 1 (quar.) B 12- 2 ±4 7-31 750 Warren Brothers Class A ,10-15 9-11 10c 1 1 • ISO 7-15 $$1.75 .-'—•_ 7-15 60c Street Bros. Class 9- 3 12-18 ■c> 75C - One additional share for each share held__ Warner Company < Acid 8% 8 United Senate Passes Bill bill Coal ; (quar.) Mfg., 5% preferred Shoals 9-16 V, $1' 50c preferred Ware ; 25c 25c ' A Weeden $1 • 8-1 ' 11- 1 fill ; B Warner 6-20 80C $250 --i-.—-— 7-10 7-10 $0.44623 .... Co. >n. The $10c ■-.,>• of / California (quar.) Union Terminal Cold Storage— Co., Ltd.— / ■fotiar.)- 7-15 7-1 7-15 >t: (monthly) (monthly) Class B (monthly) Class B (monthly) Vulcan Detinning Co., 7-31 7-16 $10c preferred (accum.) _________________ United Artist Theatre Circuit^______»___.__ United Bond & Share, Ltd. (s»a> $1.31'A Class 6-28 6-20 quar.). 6% South La Salle ■ : Co., Tobacco, Union Oil 7-10 7-15 • 7-23 6-26 7-15 " (quar.) preferred Class ' & (quar.) (quar.) preferred 7% 7-15 8-30 9-1 75C (quar.) $4.50 preferred 7-10 37 %c preferred accum.) conv. $$1.25 • rr-— preferred (quar.) $3.70 preferred (quar.). 7- 5 — (quar.) Saguenay Power, Ltd., 5'A% pfd. (quar.)— (St. Croix Paper Cq, (quar.)—————— Gt. Lawrence Corp.; Ltd.*- ' 14% 9-16 7-15 Light— Visking Corporation, class Class A (monthly) 7-14 8-1 $U2% „ $3.50 7- 5 — Russeks 7-8 7-14 (guar.) Tyer Rubber Co., 6% preferred Union Electric Co. of Missouri— 1 7-15 7-15 7-15 15c 93%c -Quarterly-.. Trion Co., 5% preferred 5 $3 15c 7-8 75C fi-24 (quar.) & 7-15 (quar.) L— Co. 8-1 • 7-15 ' .> — (quar. Upressit Metal Cap. 8% preferred (accum.) (J. B.), 5% preferred A (quar.)__ 5% non-cum. B preferred (quar.) Vapor Car Heating Co., Inc.—7% preferred (quar.)__ 6-28 i; 87 %c 33% 0 " Van Sclver 7-11 7-10 $2 Victor Equipment, $1 conv. preferred Virginia Electric & Power Co.— 6% preferred (quar.)______ 7-15 : 11-30* 7-20 si Pictures Vertientes-Camaguey Sugar 7-15 S-31* 12-20 i " 6-29 7-15 7- a 17%C '• preferred 7% anticipate early approval of this legislation by the Senate, and I fore, the adoption of the proposed hope for its prompt concurrence by the House. It is imperative legislation will that tional the mean borrowing Federal can <; 9-20 J-;6^r. _ (quar.) $1.20 ; — u Co. 6-20 75c 7-15* r;Y; ' _i 7-15 35C 8- 1 6-29 20o (quar.) 7-10 $1 50 7-15* 2c ' Tobacco preferred 7% J.) common 12%c -Manufacturing : Co.^ (quar.)_4. Traders Building Association, Ltd. (quar.)_ Trinity Universal Insurance (Dallas) (quar.) 7- 50c , 5 " 7-15 1 6-20 $1 (N. Corp., ; ,$1.75 . preferred;^8-a) 6-28 1 7-15 7-15 ^Shovel^ ■Kr- 56c Stores (irreg.) $20c & ^Towle 8- 25o ----—-----; deposit Water 8- $1.25 • 7-19 Thrift Rolls-Royce, Ltd.-*5 American preferred 7-15 $1 (irreg.).——— Button v 40c Riverside Cement Co., $5 Rochester . pfd. (quar.) Phosphate Thermatomiq Carbon Co., ■ 8-15 preferred Texas : 5'A% preferred (quar.) ———-4.4-.——, ftice-Stlx Dry Goods ~ \ j v- . 7% 1st/preferred (quar.)————7% .2nd, preferred fquar-)--u—t 8-15 $20c Super Mold Corp. of California- (quar.)^.. Superheater Co. (quar.) Texas Power & Light, $6/preferred (quar.).t .7% preferred (quar.) Technicolor^ Inc. - 7-15 1 8- 9- 2 i 6-30' *8- 1 15C 6-30 26.5c 1 25c i.___________ $3 6-30 7-15 8- 1"19 ■ "'"v Utica Knitting Co.— 5% prior pref erred: 6-20 7-15 25c 1 Realty-Sheraton Corp. (initial) Smelting Refining & Mining— $3 6-20 7-15 37yac ' (quar.) 7-15 37 %c 6-29 7-16 8-1 40o Plywood Universal 8-15 37%c (quar.) Stromberg-Carlson Co., 4% conv. pfd. (initial) 6Vt% preferred (final).. Sun Oil Co., 4V2% preferred A (quar.) Sun-Kraft, Inc., common (quar.) • 1 i 6-20 7-16 J Quarterly 8-15 9- ; 1 34% c (irreg.) (quar.) -Rhode Island Public Service— / $1.00 State Street Investment (Mass.) Steel Co. of Canada, common *8-1 7%c > ,' Wholesale (initial 8- 6% 9- 25c 7-15 40c Upper Michigan Power 50c 5-28 .,; -8-. i : 25c - Universal Leaf -.JExtrav h 1 (quar.) Stanley Brock, Ltd.— 6-29 ll; 8- 7- (initial) 8- 1 ' 7-15 ___• Quarterly .. 1 Works 30c 6% preferred B (quar.) Revere Copper & Brass, Inc.— . (quar.)"• A 7- 6% (stock dividend) 6% preferred (quar.) -Republic Investors Fund, Inc.— * 4%: preferred Standard 6-20 52%C (quar.) 8- ........ ! B 7-12 6-29 6-20 7-9 $1.75 70c c 6-29 v . Ltd.— (quar.) Class 7-11 7-10 ; $1.12% ... dividend)--———— (stock Common Class B "v 7-11 ' Co., Class 8 5c Chemical 6-30 8- 7%c < ■ 6-30 25c 7-15 6-29 / •7.-15 < /' ; V.7-10 ' United 6-29 ' •' 7-20 $$1.50 . 6-29 . 50c preferred V ^;/6-3df: 7-20 20c 25c (quar.) convertible 6-28 8-26 20c (irreg.) 7-30 7-15 Corp.—; ' 8-15 8-15 50c convertible preferred (quar.) Stores, $6 conv. preferred (accum.) United Wall Paper, Inc.— ' 4% preferred (initial) Universal Laboratories, Inc.— '7-5 3 7-19 . 7-10 , S. 7-15 , 8-1 $2.50 7% preferred <quar.) United Stockyards 2 8-15 • Standard Steel Spring— r 4 % preferred (initial) 6-20 8-31 : Republic Drill & Tool,— *}<. New $2 . //•■ - (quar.).-^_„ England Telephone 5% pref. (quar. Standard Fire Insurance 7- 5 8-1 $1.50 — common .... Standard Oil Co. of Ohio— 33/4% preferred A (quar.) /Standard Radio Ltd., class A 6-21 $1.50 (Boston) Reda Pump Co. (irreg.)———————— Reinsurance Corp.- of N. Reliance Electric & Engineering— $2.10 7-15 7-15 U. S. TJV S. • 9- 2%% Quarterly 7-15 13 %c (quar.) $4 preferred (quar.)... Standard Brands, Inc., $4.50 6-14 8-15 $62 %C (quar.) preferred 7-15 $1.25 Railway Equipment & Realty, common 6% 1st preferred. (quar.)-.— Reading Company, common (quar.) ■j 7-15 50C 1 8- 1 7-15 9- 3 Co., 7% prior preferred (final)Pipe & Foundry— ■ S. 6-29 1 8-15 53c Quarterly ," ; - 7-15 506 8- 100 A preferred Standard common •Quebec Power Co. (quar.) Railroad Employees Corp., Class A (irreg.)-— 1 7-15 1 8- -• ...... 8-1 50c • Life Insurance (quar.)i.^,^. : Sperry Corporation (reduced) Spicer Manufacturing Corp.— Spotless Co., 6% preferred (irreg.) Squibb (E. R:) & Sons—^ ' 1 ;v U. U. 7.- 7-15 '9- 3 . 58 %c U. S. Lines 6-28. '7-31 ii'-? 8- ? , ^Southwestern 7-16 68 %C preferred (quar.) 0 29c (quar.)i.. Southern 6- 8 7- 5 5 r 8-15 • 1 58%c (quar.) ; X- 7-15 25c Southern Franklin Process,.7% pfd., (auar.)^ Southern Indiana Gas & Electric Co.— 6-25 7-8 7-15 41 %C - Fund 7-15 $2 $5c / 8- • Extra 9-12 25c , preferred 4.8% $1.25 • (Geo.) preferred partic. preferred (quar.) Southern Colorado Power Co. 6-20 7-15 Extra 7-10 7-27 ; C 25c J -X...... 6% 6-20 7-15 50c — 8-1 ,L $1 "v$30c Southern California Water, 4'A % pfd. (quar.) Southern Canada Power, common 6-28 7-31 $75c preferred (monthly) — a—__ 6% preferred (monthly)—-— 7% preferred (monthly)-----——i—.— 'Public Service Corp. of New Jersey— t 6% preferred (monthly)———■ 6% preferred (monthly) : Ipuget Sound Power & Light— $5 prior preferred (quar.) Purity Flour Mills, Ltd.— Red. preferred (quar.) ————- 6% conv. 6 % 7-2 7-!5 $$1.50 5% Putnam 7-2 *30C (quar.). 6-20 !'{ 13 %c preferred C fquar.L— • f 5% original preferred (quar.)._. Squthern California Gas, pfd. A (quar.)... 6-20 7-15 41'Ac 5% 7-15 $15c tsoc Co.—_ 5,/4% 6-29 7-15 7-10 $1.25 preferred -Public Service Co. of Colorado- Quaker Oats Co., 6-24 15c Proprietary-Mines, Ltd.-_^-«*—' (quar.) 9-14 7-20 25C (interim)f Common. 10- 1 25c Gas Company. ■$1%0 $75.48 .... (H. 'Prosperity 7- ; . 75c 100 — 7-15 •i; ' * 6% 1st preferred (quar.) 6% non-cum. partic, preferred (quar.)_» Prentice (G. E.) Mfg. Co. (quar.) fPreston East Dome Mines (quar.) 'Procter & Gamble Co. 8% pfd. (quar.)—- 50c (quar.) •Increased -quarterly .... j Extra Southern .California Edison— 7- 1 7-15 $1 'Plomb Tool Co.---—-— * 7-18 : (quar.) South Pittsburgh Water, 4%% pfd. (quar.).. Southeastern Greyhound Lines— ^ . Common «-26 1" 53c U. S. Fire Insurance Co. (quar.) U. S. Industrial Chemicals -. 55c 6-29 20C v 1 1 $25c (Howard) Paper Mills, Ltd.— Common (quar.) :. " $2 prftferred (iniHal) ■;.■ ,•;.;•, Smith (J.) Hungerford (quar.) ! Snowbird Frosted Foods 1st pfd. (s-a) Solar Manufacturing Corp.— '-V- 7-10 37V2C . K.), common Light Co., common $5 preferred (quar.)— power Corp. of Canada— 7-8 : ' 10-1 10-12 .• i Porter 6-29 . Canada-— (N.) Co., Ltd. (quar.) (A. O.) Corp. (irreg.) .Smith Pillsbury .Mills, $4 preferred (quar.) ^Pittsburgh Bessemer & Lake Erie— ? Common (quar.) (Pittsburgh ; Screw Bolt Corp;\ 7-15 7-15 of Rta. 8- 50c U. 5 ffoum ■i 25c 50c S. Air Conditioner, $7 preferred (quar.)_ U. S. Fidelity & Guaranty (Bait.) (quar.)___ 8-10 7- .Smith * -Portland Oil '^Slater $1.10 * Phelps -Dodge Corp.: (quar,) — —" Philadelphia Electric Co.— 14.4 % preferred -(quar. )_.» —:—— •' ^Philadelphia Transportation— Participating- preferred ; ^Philadelphia & Trenton RR. (quar.)— ^Philip Morris & Co., common (quar.) _______ $3.60 preferred (quar.) y— .f i: 4% preferred (quar) fPick (Albert) 5% preferred (s-a) — t New common (initial) Corp. 6-10 7-10 ■M iV. Payable - 6-29 ; 1 $1 .... Oil 8 62 %c .... 7-20 7- »8-20 ' $1.50 (quar.) I-... •Sigma Mines, Ltd. (s-a) -Simon (Franklin) & Co., 7% pfd. (final). Simplicity Pattern, 5(6% conv. pfd. (quar.). 6-20 1 8- 7-18 7- 25% ■ 7-20 6-28 7-15 / v 10C ■ Common % 7- 6 7-30 -25c : dividend ^•Sherwin-Williams "Coi ot 5oc — 7-2 7-30 '■ 25c com.. r 8-. 1". m 7-i9» 7-15 6-29 75c (Omaha), Selby Shoe Co. (irreg.) -I..........— -Bhawinlgan "Water &• Power (quar. Shell Union Oil 'CoTp J Sheep Greek Gold Mines, Ltd. ( quar.) 7-15 8-15 - aI 85c Security Storage Co. (increased quar.) .Segal Lock St Hardware, $2.50 pfd, (quar,).. 11- 4 25c (quar.)——- ---- $2 Jpeabody Coal Co., 6% preferred (accum.) — •t75c Penman's Ltd., common (quar.)— ■/ 111.50 6% preferred <(quar.)——~— ••• (penn Investment Co. (Phila.)— 90c $4 non-cum. conv. preferred (s-a) -15c tpenn Traffic Co. (increased)— SOc Pennsylvania RR." Co. (irreg.)_— •' Peoples Gas /Light ;& Coke— — '■i; $i /preferred Gear (irreg.) 'Pharis Tire ii Rubber (increased) 8-10 7-11 ^ Stock - 5 8- 8-15 33MJC Extra -■ Securities Acceptance Corp. - Perkins Machine & 50c 6-28 When Share (Del.), com. (quar.) (monthly) / •',.•■' 6% prior preferred (monthly) > ' 6.36% prior preferred (monthly) 6.36% prior preferred (monthly) 7% preferred (monthly) 7% preferred (monthly) United Molasses Co., Ltd.— Amer. dep. receipts for crd. regis, (final) Ordinary registered (final) United New Jersey RR. & Canal (quar.) 6-29 7-15 $1.25 25c Co. - bk Fer -.•■■■' :Name ot Company United Light & Railways 6% prior preferred 6-29 : •'•' '•"'•• 6-21 ■;v'7-15/ r $1: : (initial quar.)— Scruggs-Vandervoort-Barney, common (s-a) ; 6-25 7- 8 50c 50C -s—<r ; 7-15 25C Scott Paper Co., $3.40 pfd. 100% ; of Reo. • 7-15 20c ; / ; Scheriley Distillers' Corp, (quar.) Schuylkill. Valley Nav. & RR. (s-a)_.»—- $1 (quar.) ?; Payable $$2.25 (quar,).— 40c (initial)——————-—— preferred, Co. ■ 75c t preferred1^ (quar.)_4.i*--i---i^i^«--~T'^ $1' Map Monday, July 8, 1946 Holder* , San Diego Gas & Electric, common (quar.). 5% preferred (quar.) "Sanborn 7- 1 50C Telephone, ^ ■ "V ' *- preferred (quar.)__;___.i/ 'Park & Tilford, Inc. (quar.)— Parke Davis & Co. (increased) —. 'Paramount Pictures (stock dividend). ■t Common "M X ;7-15 Share When ' shares dividend—'—— Name ot Company v Lawrence Paper Mills Co.,, Ltd.—6% preferred (accum.)—. ;-•• 6-30 7-15 50c v;'1' St. 7- 5 . 7-15 4% iPeninsular 7-15, L.;;".r- Per ot Reo. Payable Shart (quar.).—_ Corporation Boldere When Per that no addi¬ be made by Government without further authorization by Congress. It means that for the first time the anced Federal Budget be bal¬ and kept in balance, as a continuation of deficit financing and a piling up of Federal Debt will inevitably mean financial disaster." ; >••//■/;> ;> - > 15& ^wv>; ■; §mm ;'"'" P'-'/'r.' - * FINANCIAL CHRONICLE THE COMMERCIAL Monday, July 8, 1946* ftrf ■, i r,,;.; NEW YORK STOCK RECORD . Saturday Monday Jan. 29 July 1 tper share $ per share I per share 37 STOCK EXCHANGE 52% *371/4 38'/a 38% - 4 10% ' 63 63 «r 81% 51 51 51 15%. 16%; 16 Va 16%,. 41% 86 Va 22% •40% 41% i/vvv 41 ■/; ' 86s/a 22% ' 86.,: '87 "V ""'vi! v"? 23 pe Ay 23 i/a 633/4 -*61 132 i/a *131 80% 41 87% 23% • ■ ''-v' 33% *120 127 125 156 75 *70 27% 283/4 *27% 28% 107% 107% 70% -78 68% - 69% - 68 - 9% 9% - 9% 23% -24% 23 23 m-- fHf ^11 10 i£ 49% - *52 16'A 15 15% *15% -15% - 107 y8 isy* *143/4 15% •15% 37% -37 31 Vi 15 - *33% 105% 1053/4 105% 21% *21% 40% 40% 159% 1597/a 159% 21% *159% 17% 17% *■'* 17% 45% 46 Vi 20% 19% * - V ; 39% "7*106 " 106% , K. 4 - 28% * m: 50% "50% 67% 69 y:;.: 187%.-188% *29% -50 188; ♦167 53 151 6% Jan 3 Jan 7 $7 • -198% 198 : - 95%- 96 172% 172- - $6 - - 1,500 - f 2,300 ■.■■'I 53 - 700 i. , 152 5 200 60 f 300 ♦59% 59% 657/a 63%' 174% 48% ' i *112 24% 19% 8% 8% 36% 36% 17% jt*.r 17 135 ' *30 31% 25 - 25% 28% ; 38%" - 146% non-^um preferred .87% Am Sumatra 77 ■ 26 3% 29 3/4 553/» 115 1163/j 122 *121 79 41% 42% 91 • 124 • 78% 32% 33 24% .23% • 152 *148% 155- *148 ;; 155 1 61 10% 61% 32% 33% ' 33 y8 10% , 32% ' ' *103/4 - 60 r 32% 10% -60 / & 79 23" *30 " $5 < V 33 -152 prior 33 y8 59% , 10% 59% / Dec 29 Dec 2 36 22% Jan 31 Dec 41t Aug Dec Apr 10 128% Jan 67% Apr 18 29% Jan Dec 151 53% NOV Jan Andes • 60 8 Artlocm Corp.- 613/a Feb No preferred—v 1st 2d 22 104 Feb 27 110% Feb 3 Jan'; 3 3 128 43% Jan 4 . 431/4 Jan - Atl O & a 5% 73/4 Jan : 12'/a Jan 132 133 $5 $5 100 -No par —— .No t .No prior ctfs of Co. dep__ 1 . ' $2.25 conv of Del IThei . I1- preferred- -No , 84% Jan 28 26 14 76 3/4 Jun -Si / ; >; } . 26 13 Fefb 15 253/4 Jan 12 14 i/a Mar 13* 108 Feb 13 Jun 24 26 3/2 Jan 3 .3 3 150 - 9% Jan % *" par .243/2 Feb 3 120 ——50 — Corp 3 1153/a Jan par Autocar 1,300 Jaft xl01V\ July par .No 27 333/t Feb par prior A—.. > ; 59 3/4 Jan 57'/a Jan July 38'% July 12%. Aug Dec 45* Dec/ Dec 113 109 8. 49^1, Nov 23% Nov r S 4'/a Jan 9% Nov 3 23'/a Sep | 30 y«, Oct 6% Jan -*' 102'/a Mar / May 29 Jun 172 > 65 111 25 Mar 423/4 July 106% NOV May 31 112% Feb 13 11% Jan 10 Jan May 29 111 45 Mar •56 Mar . Nov 141 Nov S 59% Nov 108 19% Dec 94* 51'3/a 110 45 71'A Dec 83%, Dec; Nov 83% Nov Sep 42% Dec 120 Nov May 13 97% Jan 3 July 25% Jun 1 60 113; ; . 10 165 Jutt 10 27% Dec" 14% Jan 18 Jun 150 120 . 17. 32 y8 Nov 52% Deo. 113% NOV 30% July 110 Apr 3 34% Apr. 135 Nov'i 139% ; 33% Feb 9 May 24 May 28 130'/a Jun 140" Jan 48% Jan ® Nov. *29% Dec 101. 25. 82.% Jun' 17 49% May 76% Jan ... Dec 127% Jan 5 15 Jan 113 14 May 31 . ,—'U'w—w.5 Corp 24% Feb Jun 37 383/i 'Z'24%'Jart>f July 125 preferred—IZ3>o Nichols 14 121 Powder————..No par —100 : conv pfd Austin Nov Feb 26 96 i;Cum Atlas Tack 49 148 Jan Feb 65'/a Mar 15. Refining-!-—1— .————25 .——100 '4% conv pref series A_ 3.60% preferred series B-.—-100 Atlas ; 29y« Jan 115% Feb 21 ■ .NO Par .Atlas ; Corp--— : 48 • Jun 6 32% Jun 27 Va Jun * 83 153 f May 21 Jan 18 par "Dec. 11% Dec 5% Mar 36% May 28 30 Apr 9 23% Mar 140 Dec Jan 137 4 ..Jan 511/2 Feb 26 1073/a Jan 2 Nov 18% May 28 3 ■ Dec 112 60% .103/4 Feb 40 3/4 Jun 10 Atlantic a ; 8 1221/4 Jan 26% f 31% 100 i/a Mar 1 ■27% May 27 26% Mar 22 W I BS Lines—— non-cum Jan :: M 8%; Jan;; 997/a Jan 8 May 63 ' __*^100 preferred--—.—— 5% 0 121% Mar Sep 60% Jan 7 4 Mar 18 pat Dec Dec 116% 62'A May 28 Xll4»/a Mar 21 21% Jun; 26 131 i/a Jan No Atlantic Coast- Line 28 Feb Feb: 28 Dec 24% '69 Vi 61% Feb 451/2 Mar -4 Santa Fe— —a-108 Atch Topei.a & y. 17,700 1,300 90 161% 13% Mar 15% Jan 29 9 91% Oct v 43% Mar 182% Jttn" '5> "93/4 Jan 79' Jan Dec 90 Jan Jan 5 1 Assoc Investment Cd,.- Jan 65% 8, 28% Jun 29 3/a Jan --i-100 65 9 70% Jun . « preferred—> 26 Mar 21 Mar 14 1,18 ——3 .— '196% Nov 145 »/4 173% Jul^8x 29% May 28 78 May 28 121 Jun 24 223/4 Mar 13 r Highest fper share Jan 1003/4 May 17 2 1583/4 Jan _No par Dry Goodsr new- $ per share 157 per'share 200 3> Jun 3 99 3/a May 21 26 1 V---——-No par $3.75 preferred t 80% Feb* 26 Mining— Copper Associated 80 . Range for Previous YeaVI945 ; L Lowest Highest 80 3A Feb 26 ; 50 ArftoiA Cferisteblb tlorp-,..- 200 33% 60 , ; Jtange Since 1851/4 Feb 1% preferred ————-100 ArmstrongT' CorrCo———No pan 1,400 10 y8 ; 158 $ per share y 980 33% *59% 58%Febw;6<: 8 40 300 10 vy Aug 43% 112 1% 2,600 155 •140 ■ a® 164 Jan preferred—.—23 conv " 10 % 50% Nov Feb 153 Dec Dec 181 Jan 473/a Jan $4 6% 450 / 68 y4 Apr 6 Apr 284 May 10 Feb 16 172 8' 41% 44% Nov Jan Jan 17i% 12.50 ,220 v 50% Feb - 40 y4 164 y4 Apr 20 27% preferred ——* —JVo par Anderson, Clayton & Co —21% Anderson-Prichard Qil Corp—10 100 223/4. 191! 43 1 Anchor Hock Glass Corp 4,900 • ' ' ; «0% Feb 147 -—--1-100 Smelt Anaconda Wire & Catole .; 300 , Oct 2 25 Anaconda "Copper Mining 800 1073/2 *148 ISO11 323% Jan* 28% Jan, Go-L^Lw!-100 ——-I-I. Preferred 100 300 124 22% - 150 a 150 Aug 52 Apr 5 733/4 Jan 29 4 '• 49% Mar 13 B——-23 Amer Zloc, Lead & 2,200 f 27% a 27% ; 76'/a >127; 1,29 ! . 33 23 . 20 I ■ 49% •107% 129 ; 150 152 91 123% " 28 -78% *30 ; 23% *148 152 32% 23% ■ : a 129 32 . $6 1st preferred——— -No par American Woolen--!—-INo par 80 a 44 48% 108 3/a 27% : • ; 12SV xl07 V\ Nov - IS1/* •85 ♦ > ' 117 121 - 78% *42 [ 91 *123 78 3/a - 48% ... 128 *30 129 ; 4 125 128 i 42 42 y'*85/r 121 V 79" *77 78 3/2 Dec 31% 99 • 393/4 Mar 13 / 3,600 * 57 116'/a 117 «/a 122 . ~ 160 148 *53% 553/8 V 417 121, - - 149 ♦143 :^T.T./ 30 900 29y* Dec 30% Jan .. preferred —iis-100 Amer Type Foundries Inc_ 10 American Viscose Corp —14 5% preferred 100 Am Water Wks & Elec -No par 1,300" 26% Mar 2.73/a Jan 6% 112 • Dec 19% 184 Jan 17% . .Armour & Cd of Illinois———5 $6 conv prior preferred No par 149» 149 • & Teleg Tobacco 55,900 f 7''32"|.a Jan 176 13% Nov Dec '95% Dec 104% 36 Archer-Daniels-Midland ——No par 28% 146% 55 Tdeb /Amer 1,000 26% Jan Jan '260 per 1,200 'V v'?;* ►«pi 14 Jan 16 Feb Jan 54% Jane EXCHANGE 8% 29% 2% 80Ya Nov 142% May Jan 11% 23 v Feb , 391/4 24 % Jan 1303% 5 15% Jan 431/2 Jun 27 20 A P W Paper Co Inc—. » Nor 5 19% Dec* 11% Mar 3 3 July 186 Lowest 200 *30 ;JS *25 »/a 293/4 79 32 31 261/2 108, 108 27% 28 Mar Nov 123 75 18% ,:■* 2,000 -38* « 3 10'f 39% Mar ' 4,900 •109 *146 107% 10SV4 T-P 28%r 29- -1 P; 122 y 58% 112 31 31 NEW YORK STOCK ,.^y,;, ; •58 48 Jan STOCKS "" I 169. i 168 58 Juh Dec 41% Jan 21 May 22 ; Oct 44% Jan 26 40% July 1 26 '• 107*2Jun 10 67% May 14 353/, Jan 5 y 25% Jun 21 33% Feb 0 par 24»/4 •56 »/2 168 No Tobacco 20'/a 169 47% 7% ■ 108 Apr 22 118% Apr 22 '60% Mar 4 177 Feb 14r Refining———100 .Preferred —————•—100' 61 173/4 *85 " Dec " par 24% ■ 35- *142 »/a 7 ~, 10 135 «/a *109 No *8% 146 87%- 47% /48 124 124 Nov 15 27% Jan F3K- " American Sugar 700 113% 61 ,dimeter 146 , 103 Jan 95% Feb * American Stove Co***———JVc: par 200 16% ♦55 117% 124 r .79% 81'/a *43% 42%; 118 I 58 135% : 17% Jan " .--—100 *18 >/a 613/4 146 *122 Jan 9 . ' 18'/a 941/2 Jan Jan Dec 130 Jan 4 Dec 27 Va Dec 20% 10% Jan 77 Jan Dec 131 Nov Jun: 24' 37% Jan 29 14% Feb 16 83% Feb 2 5% Jan 58% Dec Dec 29 '14% Jan V' ; 10% Dec .Deo 63 B 27 %: 39% 28 %; 40 Fof footnotes se^ page tee:'X 32% 33% 26% ...27% 38% 39 i2% -33 26% 38 27% -38 32% 323% 26% 27- 37 Va 38 5,800 - . Dec 70 128 2 3. . 14% 6% Jan , 17% July 1 60 Apr 10 221% Jun 6 97%Jan —10 Steel Foundries 17,300 •112 *143 55 4 55 , . > 17% 583/4 Mill— Amer L400 5,100 y'48 1353/2 170 3 American Stores—!—wNo par 200 55% ; 553/4 28% ?Y 6,300 ! i ; 173/a 112 21 -—--25 Commonr class 6,000 4 87 *57 26 146% 146 145 •••> 62 171% • 12»/3 1353/4 • 3 Jun .179 American Snuff American 100 17% *30 - I ' 3,900 ■-A 135 3/2 *109 3,900 47 203/2 83/2 36% July 'Preferred —100 * •82 24% n *363/4 *168 112 *109 24% 36% 58 61% ,12% * 130 " 107 171% 113 % 83/2 18% Dec 161 883/4Jan Seating Co No par Ship Building Co No par Smelting & Refg—.No- par Amer 4,100 1. '25 86 *183/2 8% •135 109 43% Jun 4 41 • 121 24% •105 583/4 363/4 50 •119% 543/2 8% : 136 57%' . 19 ,67% i 63% 173 13 y8 60% 61% .24% ; 68% Jan Dec 196 y* Jun 24 24 17 conv - 500 4 25% 68% 253/4 JT> {• 9,200 95 95% 173% l73»/2 48% 1133/2 113% 19 ;,;169% 169% - 54- ; 613/2 241/8 63 24% *19 vit'; *112 Apr 24 253A Jun '10% Jan par [Shares » 95% 25 48% 58 i/a 113% 61% , i ; I Dec -yvy the Week 198 % 198% *94 105 *573/4 48% *573/2 , No Rolling American • Sales for * • July 5, 121; 543% 483/4 -•.' 54 - -- 54 - y tt per share , ",68%V *83 86 86 58%, 58% 12% 12 3/a 12% 50 . 53 61 170 174% 173 13 84 84 : 105 107 62% *63 r 65 58 45% Mar 21 25 Jan " STOCK exchange CLOSED srohTt 4 '•-« 943/4 24% 25% 25 *105 175 12% *119% >119% 123 , 107 ♦105 65% 657/a 65% 67 *119%; 121 25% 26% 198% 96 1723% 173 25% V 26 : 263/4 Iftddasf'.. -' ■ - 943/4 173 263/4 Mar 119^ 15 32% Jun 20 1053/4 July 2 .. Dec 47 10 . Dec Jan 28 . 28 «• Nov 109% 10% 407/a Jan 1 40 , Jan 15% Jun No" par Nov Jan 118 104 Co--.— Jan 38% 9 5 331/2 Mar *117% Mar 91 Jun Feb >i f' 8% Nov Jan 20% 18% Mar 30 May 10 22 No par ; 6% 2,600 I 343/4 •150 ; -953/2 173 m 96 5 130 ?t 17 Dec Nov 56 V* 63 26 115% Jan 9% 12% Jan 28 Jan —100 No" pat preferred Preferred Amer | Dec 57 Jan ;'f; 2% Jan ..113/4 Mar 12. -343/4 Mar 20 preferred—par¬ ts " ■ . 30% JaU 3% 123/4 Feb .26 American - v 10%, Jan. . 29 553/4 Jan 21 "99% Jan prefmed-——^100 American Safety' Razor—-1-18.50 46 •37 -'./"'.Thtirsday''" July 3 :.'.v-'JnIy4'..:. -Ai»er share-*- $ per share -198 - >11% Pcrwer A Ught^ii^!wpar. .V; A% % , -37% H45% Y- Wednesday 95 -95% 26% 26'/4 Feb 97 preferred— American News ^ " 34 y4 198% 95 Dec 44% Apr 15 ' May 11 54% Mar 14 r Am Rad ds. Stand San'y_____No pat 1 1,100 176 *167 i t , " > 20 45 *52% 197% . 27% 118 Apr 9 Va Jun - 37 151 IS - 190 53 -*933/2 - - 14V4 Jan 3 473/4 Feb 21 100 American Molasses Co > " *43% BALE PRICES AND HIGH July 2 $ per share - - 93%- 93% .STOCEt EXCHANGE CLOSED share f i t per Jan "' No par Amer Metals Co Ltd_ 450 . Tuesday July 1 - Dec 15 129 »/4 May 15 32% Mar 15 105 '' ——J 00 Amer Macfi 3.90% ciim preferred Amer Mach & Metals y 4,200 106% 189 -• 46 *59% • Jun, 28 . 113 par _No par American Locomotive—^ ^ 1% preferred - I per share No $7 2d preferred A_ 3,500 > ? 50% 34 151- 1513/4 60 LOW Monday Saturday 19% No par preferred Amer Internat Corp^, —No. par American Invest Co of 111——_! 121,800 68y« 53 53% 60 60 Nov 69 13% Jan, 3 " 30 337/a . " 58% 25% July « 1,200 68 • 170 36 y4 .34 ♦149% ' 45% . 38 53% 54 151 .46% 33% - 900 Oct 29 y4 Dec 18 Va 21 190 S *56 v •29 '44% 45 34% • ' ^^'^;«8#f58%- * 188% 170 33% 9 Dec Dec 149 69 Jun > 523,100 m 370 k 1,500 '|'y 600 j. : 490 68 3/i 45 36% ' 38% ilS9.% ! 58: -68 ■ *167 36%" 38 3* Nov 156% 112% Mar . ,6 * 6%non-cum preferred ' I88y2 46 Jan 12" i 10,200 > ;A«er 18% •176 29 % 45 46% 46 Jan 110 23'/2 Jun 2,100 5 x20%;;20% '4e; 106 58% 44 . *167 27 1 73'% Apr 11% Feb - | 2,900 46 18%..,,19ya 123y2 123% 112 112 :: 106% '58% -67% -188 . ~ 38%" v 39% 170 44% . . ;5PE 58% : 67 10 Feb 4 * 900 i t 46 ^ . i 179'"-•' 106 29% -29 29% 50 ■ 40% Jan 150 3 350 | ' 59% 59 60% 59% .. 20% 2oya 179 39% 39% 40% fe105%"l06y4 . 112 112 20% 180 40% 161 ;it:4 17 I*''""' 124% 213% 161 r •iL.. 19% 124% 112% ♦177 180 21 y4 40% • »■* 17 y4 19 125 20% 21% 21 '*177 W'"v"4\ 197/a 110% iu% ;-.in M:yW. 42 I 1,600 !• 105% 105% 46; X45% 46 19% 1 Dec 127 Jan 400 33% 33% 21% 17 17% 46 '124% Jan 'I 397/s 124 122 5,000 200 37Va ^15%: 116% Dec 87% Jan Jan 900 | :i37%- Dec " 199 96 Feb No. par No par $6 preferred —No par American Hawaiian SS Co. —_10 American Hide & Leather. _1 6% conv preferred.——50 ' American Home Products—— _1 — 'i 17 112% Oct ;; 39 34% Apr 22 83 '/4 Apr 20 32>% Jan 28 108 Jun ID • • Jan 72% May 28 164% Jun 14 "24% Jan 103 3/2 Apr 135 132'/8 Mar 20 5 Dec 55% Oct -183%, JW 24% Jan 3 *64 Jan "3" 1-1-50 23% , Feb 891/, ■Jun 80 - ^ 16% A6gr 15 137% Feb 25" r—llOO 500 / American Ice I 1061% Jan 210 i/a Mar 29 10. 323% July 3 121""A Jun 25 , 4,100 .5 i<,.fel4%.-15 ^ *i5y4 '15% 1053/4 - - «».. >&a. 34y4 227/4 41% 21% lu - : *1157/a 34% 33% 159% 459% 40% - - 117 116% 116% • 34% *104% 105% 34 : *107 117* IT'A Fed^ i '!r 28' Mar Jan 8 , 100 f i 2,600 .59 y3 ' 118% 118% *15% 15% r—*118 # IIS 15%- 37% - 15% V15% 37% -39 116% 116% 1 15% *15% *55 -. — 120 —--ii.in Amer & Foreign Power 1,100 i tm 136 -48 ■ 800 ■■ i 50% 50% v 16% 1 Mav 16 573/4 Mar .13; v 10 Dec 41% Dec 15% Aug .18 . 600 113 par 43 Ocl American Export Lines Inc new__40 f 7,600 37% -38 - , 128 Dec Mar 25 Dec 71 Jan x4l Amer. European Sees 900 16,600 253/4 93/4 693% 14 18 Amer Distilling Ccr stamped—^_20 American Encaustid Tiling _1 v 1,000 i 14 Jan 90% Mar 13 No par Sugar 88% Jun Sep ll3/4 203% Jan 30 >11% Jun 1-.I100 ' \4%% prior preferred 5,300 23% •HO1 89y2 119% 120%* 15% 15% *106% *15% i •55 m-% --120% 421% 121 ' ' 2 21 Dec 35 Jan 28 64% Apr Jan 196% Jan No par I American Crystal 10 70% m . 24% 9% I 493/4 -48% -18% 57% • *106%- -117 ••1 --Jr 113 *118% 493/4 •HF/a 10% 59% *53 ,.r 500 11 20% Mar 13 ^_100 — 4%% preferred — k"^^'i;25 ■■y12^ 38 *37%; 38- 113- - - 93/4 ' 9% *122% 125 124 37% *111% •50% 49% ■»t Wf ; ' 124 125 125 25% 24% - 10% 10 37% -38% 111% 111% *9 ... No Ameriaan Colortype Co I 23% oy4 23 Vi American Cnicle 500 I Jan Dec 5~6~y8 '? Jan 3% Jan 433% May 19% Apr 24 451/4 Jun 10 26 28 230 |- 27% 108 69% ! 70% 23%. -23 22% - 10 % 10 % *26% •107 108 ♦8% 23% *71 27% 2?y4 533/2 Jun Feb 23 50 * p. Am Chain & Cable Inc 5% conv preferred-" u 1 33 100 I 75 r Mar Dec 48% 104% Deo 38% Jan • Apr 25 9i% May 29 10 par Can i 28 ya 28% 75 129 7% non-cum preferred • ■ - •t 156 156 ■" 1 78. American Car & Pdy. 1,500 1223/4 12% Apr 25 l No Preferred — 32% ♦120% * ' 75 *71 9% ■ 23% - 2,500 M 32% 28% *107 74 American 69 | 1 _1Q Amer Cablef- & Radte^Cnrp " 2,800 200 126 62% May 31 397/a May 27 39 36% Jan 19 1 5 15'/a Jun Corp 20% 102% Dec 8% Apt 543/4 Apr 5% % : preferred I 9,200 ' Bosch 6 Jun Highest $ pershati share 27% Aug ( 63% May 27 4 new Brake Shoe Co- Jan 30 39 1073/a Feb ■ ft Jun 25 50 Note S per 313/a Jan . preferred™^ American Am ' y';| ; 12 *124% .»* 6% : • v 400 106% 157% 283/4 29% -*28% 29 i/a ♦106% 107% M. 124 ♦156 159 29'/4 ;P*71-. 50 400 / 132% 68 32%- ' . Bank 208 70% *120'A 156 •124 157 ' 32% 34 33% • American 100 128 *124% 32% Airlines ">■ 28 Lowest 47 Va Mar pai j^NQ:■ pas Agricultural ChemioaLlVo par American 207 , ' 128% *-124% 127 *124'/i • 623/4 "11% Amer 600 87% No .;,... Feb , Amerada Petrol Corp new___No Per 2,000 i 20,400 800 24 ; *131 206 69% 70'% 70 ' *" 41 *62% 110% *204 205- 204 202 ■- 202 71% 70'/a : .15% *85% 12/V'"" H7/a 100% 100% 99 - / 33 Amalgam Leather Co 6%ccnv preferred 200 v *■* ' Alua-unaimert) Mtg Alpha POrtlahd ; 13,200 16 y» .,*23 62% 132% "62% 131 12 11% 12% • > 100'/a 101% 50 yyy 41 4 ; ..,-V 11% 80% 50 • V 'A'-'A.ya 65% >•' 16% 23% fe 11 10% : 51 *85% * y; 65 40 y4 132Vi - *.'dy 38% $ per share 45% Feb 28 103 Apr 25 Ailied ecores Corp 4,200 300 56% *63% 15"% . - 82% *131 56% Highest $ per share — —Aft 4% preferred—^^..^,^..-„„,l0O *106% 107% *106% 107% -y—Common *36%' Year 1945 Lowest Allied Mills Co Inc.—,—.«.■»» 35,100 106,200 ' 82% 81% *50 62 " 1./V *' • Range for Previous Range Since January 1 par Shares 700 37% 51% *51% , "A"JULY- 4 107% 57% 38% 38% lO'/a® 10%: 10O *63 66 >81% 50 ; .'V. ■' -'■> STOCK EXCHANGE 56% 81 *54 ■' " A);.' \A- 37% 52% 38% 10; ' 10% %:■ it ■j $s 55% the Week $pefshare CLOSED 107 Va 57 •IOC - 57% JulyS NEW YORK STOCK EXCHANGE 8alesfor 37% 37% 51% '.; . 'PPV.yyyV^y;;;/STOCKS' y y Friday .$pet share tper share 52% rft .; 563/4 .V-; v 50% % 107 % r'/a ; *106 CLOSED July S 37% 37% 37% 50% ' ,,yy-yiv Thursday July 4 Wednesday July 2 : PRICES SALE AND HIGH Tuesday LOW 10,000 1,100 Baldwin Locomotive Works A% ;-l3 OhlOji»*»njM.n'*..««-I0fl preferred 100 Baltimore 4b Mar 22 387/a Jan 30 24% Aug 21'/a Apr 25 30% Jan 16 47 Va Jan 2? 19'/a Jan 30 341/2 May 6 11% Jan 35% Dec 28% Jun ;; 447/s Nov I-;int ■ ; 1 ■„ t -Volume 164 Number 4505 THE COMMERCIAL & FINANCIAL CHRONICLE NEW YORK STOCK RECORD LOW AND Saturday Monday laly 1 1 .; ■ Jun. 29 ; " Tuesday >27 STOCK * *87 EXCHANGE 87 58 CLOSED % 87 *55 :- 29% 29'/a. 30 29 29% 57 57 : n *65%; 67 a 117% 118% 106% 106% 25% 142 26 30% : 48% 49% . * •••' x 32'/# •'••';:42'';." 43% V30 303/4 75 29 43 165 % 56% ■ 39 / 57 "'"J 60 63 *66% 68 * : r *110 110% *66% ; 54% * 57 *106% 68 8%; r-r 8% 107 - 56%» 57% 26% 27 90% 90% 16Vb 18% ' ' 49%' 37%? 50% 377/« ' 56 t 112 107 107 32%? 23% *90 • *112 56 . 108% *107 32% 24 ? 124 .?■•• „ • 43 «.;:■? " - 113% ,••>< 3fr r;,., 32% : 125 33) 14; 23% 24% ' *107 ■ *124 , 18% ' 183/4 ^ r.',- 173/4- I8Y4 v i ;• 17% .;.t% :sr,?r% 97 - ? 97 96% , 36%r 36V#.? • 106 <V 106 :: V-r 35% r r'42%r;f43 *42 v 52%; '53' $1 :.:^,5^; 54 j;-;-,; > • 42% - 51%: 51% U ;r.^,v:v3' 36-: 105-% lOft'/a .: r/j.^96% 973/4 . v .. . «... ', .: . . i. .f 99% 93 —* *110% -r ;. 111% 261/4 261/4 42% , 54% 55 *106 3/4 107 ' r," 83/a *573/4 <V; . 591/4 25 Va 25% v *90 . 95 17% . 38% 56%. 53% *8 . 17%' r't ... . 4. 48% *37 v ,^ ... 35'-.f/♦i'VL 17% •'48% .. 113Va 4?.^;u ' 39 551/2 551/2 *112 . 113% ... 43 108'% 33%. 24 *413/b 53 V* |.r X 107 126 V- ;• J. 4- *42 ■ ' - 43 *10T"r -108% *331/2 , 34% ''j." f . ' . V v - 17% ?,A; . 97% . V.vu . »/# ^ -42%'52 5;*J05^ 106% < . =' 42-// •v'i .. :42./.'-> «o%i? 5i. 25% 26% *98;% *91 99% / *98% . 92% *91 ' 99%: •108- II* t,-Ji 'i l *100: .402 20% 20% it -:,M2.^:,12'% 25% 26% *98V2 99V2 92% 92% t,- 35J%' 35% t , -109 aim 113 a i 92% ' " ' f.T; "f*?'34% '34% 108 ' > *107 108 % 88% ^v,30 tV 31 €T 109 -109 I# "36 Dec Dec ; .,* < .&L..J?,' *353/4 36% ' 106- ' 106 *42'*51 . 35 •105 ? > 38 25% v .,. r 723% Dec 28% 31% •: cr-. 36 ? " 73% s ■ 8 i,.» 29% v *107 r, 109-ir " 36 35%- ,, ;i, IV 108 "4^ 73/4 29% lOS'A ? 7%. 29% 108V* ,,.v 29% 109 .V *34 ^.iK'«-34% .- 35 ?*107 -U08; V-i-7% - 35%.. yV-Y AND ttfGS SALE PRICES ''Toesdaf?Wednesday . , juiy »jiuy 8,^4;;; -1 per share $ per share >7% >2ft— Vie 29% 110 • 110% ' LOW Monday, Saturday r Jun. 29 t per share • , ^ . July 1 ? I per share ; % //- STOCKS * 4 ::/Frid*y.; Thursday jruiy 4 ' • Sales for ; July 5 the Week 8 per share 4 Shares f f per share 58% 58% 9% 9% BO3/* 168 1 168 '78% 78% 70% 70% ' *106% 107 v 159% *159 Ss*34'#^-3&% 223%; 22% 25% "• 28 16V« -16% : *1115/8 113 *101s/a 101% ♦16% 45% i i7ya " 45% .. 243/4 24% *35Va 36 *58 3/8 ; j>9% ! *111% 1121 v^29 ' > *23'/* 2» 24 *1/. ii Va< -11% f. 18% 7.12% 185/a :• 12 V* / 21% 21% 26% / 27 62 -62 • 34%. 341/2 61% 62 X 31% > / For footnotes see page 166, ,62% '31% *57 Va 58 . i - NEW YORK STOCK . EXCHANGE ■ ■ * Range Sine# janitsry 1 ■ . ^ 50% 9 Dec Dec Nov 44 :■ ... 34% 155 73% 31 • 983/a 5i% «... •91 Dec 283/* 167 *42% 283/* . . jtwH *106% '108Y#> *106% 108% t4 *106% 108% 113 113 / '1.112;/v112?' -r ;*ilO%-112..^V. : 10ft ? 103 * r noo t 102 • *106 102 20% 21%" \203/# 21? ? ? : .'203/4 21% iWSB&k 12% 12% / - ?>11% 12< 12% 12% *98%: Dec 35% 73% ♦ » 30 31: *166% 49.'^... *37 431/4 HO3/* 111% i.'>■ 53%U 56 ? v.v 17% 48% ,i;. 56 ' *112: 3ft * .'35' f 43-,-v?; *42% *55% ' ■ ?. -'v"V 90- - " * 18% 48% 49% r'37%- 38 ; » • 90% * 17% h" 42% Nov 32 .. 8% 59V* 2&% 90 £ .r ,t 25% 126 ; -v 58%:4 ,'59% 33 ' 126 8 26%,;;25% ?> v >. ;-26% . 35%' 35% .43%? 43 V# X.' *106% 58% ,. 57 r 112 <54% -107 ;. •'•/& • 68 53% 53% 57 56% ' , J- : 68; ' - Dec Dec 63 110'/a *110 42%42% '53% , 58 V4 107 4~!'. ,• ._.. , 109% *43 166%;,...... 74 42% :'^ 62 62? 35 *313/* 61r • Dec X303/8. • - ,48% „ 26% ;i 42% 53 48 ... V 4 ■ *iio% in H;;-■ ■.. 26%7>if - 26% 26%". tv. . ,;m 4 T 29 V* 110% 48% 32-• Dec Dec 24% Dec 29% Nov 253/4 291/4 61 ./ 110% 110% ,25% *110% ' 29 /j, <>/..; 317/a 31 5ft £-. *55 *'■ 56 % < c% 40 ' *39 : 40',-i. w;;_„ 60v-4 *55 57. §%& *38%- 27 V : « "-.J" 32 17% 42 .,*56 r *11e% • 111: r 111 26% 62 > 56- 39% *56 *110% 42% *73% -42% 105% 136 28%" '29% && 28% 31% * 166% Dec 29 , 43% 3Q%._ 110% 111% . Deo 58'/* I • ' *43 .30% 74%' .•?'42'/<r • 323/4 < • . 166% "*73%; ;r 29 5/s 32% •. mvi 111% ; :166 % v,'75% *42 Va ' ,3tt% * 32? : v 110% ' ,• 1 Jun ' 1 y 25%.". 30% *110% 48% 81 66% 67118% 119 105% 41 Va \ 20 . ;■/ 52 V* "V? 141%' 141% 32 110%' 113% *165 ' 41%. 110%-110% 48% - 49 » ;"3232% 30 -142- Jan v.*? 23 May 28% *563/4 ,% 22% -X/ 26 v 25% 25% ' 25% *30%' 31%X . " 30 " 110% - 41% *41 ii8%i;4 22% Highest $ per share " Oc 106% -25%: 20 " "251/*" 30% ii8i; 118% 106%106-v • 29'/* Aug 56 ■ 28% : 12% 66: 57 28% , . t per share 39 *55 67 fg; t 2'; : 22 : ;. Shares 87 563/* 39 / " Lowest 273% 87 « ' JULY 4 ifear 1945 «ibe Week $ per share •26% CLOSED v 58% >;;/<• > 67 > 22 *110% 28% '■£& <• us 23 24% 28% *106 *40% 41% *141 143 > • 67 /• Range for Previous / Sales for Friday July 5 • . EXCHANGE 39%i ' 20% 28% 57% ;; v;: *56% 67 ; STOCK 57% 29 July# , $ per share 87 55Va / *38%. : *55r . 30 • , 27%" *86 ' 28% 57%' " 23 58% >38% 40 .v;>55-i. 5tf . 5614 Thursday ■ t per share 87 57% ■ , July 3 , , ':27*^h:**28% «26% • 59Vss '37%- 38% 5 - $ per share 277/#, PRICES Wednesday July 2 J per share Sper share HIGH SALE 62 Va Par: ' ;Lowest' $ per * ' . .Highest share-C:' $ pet share THE CoiitM^ERCiAt FiNANCIAL CHRONICLE Monday, July 8, 1946 NEW YORK STOCK RECORD r Thursday July 4 Saturday ~; Jun. 29 July 5 8 per share CLOSED 200 , Chicago Yellow Cab Ohlckasha tchllds 45 45 70 127 128 5,700 ♦106 112 JULY 4 Lowest Chile - Cotton No par Copper Chrysler Clnn G ■ & E Co pfd 4% series—100 3,100 Cincinnati Milling Machine Co 55Vs 55% 3,400 -34% 34% 3,700 #15% -15ft 103ft 103ft 1,600 31% 6,400 , 31ft *63% 160 City Stores 5% *111% 112ft & St. Clev El Clev *68ft 70 107 104% 5% Loula Ry. Co. Ilium $4.50 pfd Graph Bronze Co preferred Special gtd 4% Industries Coca-Cola Co iI 66% *65 52 *107% 52% 109 61% 108 ft 61 60% •61 ; 111% 17ft; 18% 20ft 21% •28ft 30 *28 16% ; 69ft May 20 59ft Deo Feb~26 54%Apr~22 31% Feb 49 Dec Apr 26 108ft Mar 18 101ft Oct 106 Dec 34% Jan 104 100 110% Jun 28 116y2 Jan 17 110 Aug 23% Jan 29 14 Nov preferred conv & Fuel cum Iron No Par Corp preferred conv 16 May 20ft May & Southern 4% non-cum 4% non-cum 1st 100 0 4 24 ft May 20 6 preferred 24 May 10 2nd preferred 23 May 6 ,.„,..„_100 preferred Columbian Carbon Co. (new) _No por Columbia Pictures hew $4.25 cum pfd No par 31 Mar 50% Nov 28 31 Mar 50 NOV 14 Jan 24 4ft Jan lift Dec 4 111% Apr 10 107 Jun 10 48 Apr 22 36% May 21 106% Apr 10 90% Jan 64 Jan 3 Jun 21 10 47 Jan 5 __._100 112 Feb 19 19% Mar 15 2% Jan 2 $6 preferred series____ ____No par Edison Co 20 *122% Jun 19 36 62% 51% 8% : Conde Nast Pub Inc Congoleum-Nairn Inc 33 ft 53 ft 112ft 113ft 52ft *52% ; • Sep 11% July IB 42% Jan 18 60 31% . 55ft 10% 36 109% May 13 Feb 6 Feb 6 Jan 28 24% Jan 106 May 27 VuftCe Aircraft 1 23ft May 6 33% Jan 17 pfd 100 33 2 112 47 Jan 8, 115% Mar 15 RR of Cuba 6% Pow $4.50 37 Can v Jun 21 Jan -4 " 54 ft Apr 17 ft Aug 108% 14% May 8 53 V4 Jun 10 Jan 26 ft Apr 18 12% Feb 20 110ft Jan No par 2 6 24 Jan 17% Jan 19ft July 1 102 Feb 25 109 ft Jan 10 39% Mar 13M* 53% Jun 10 par 20 Inc July 8% Jan 93% July 37ft Jan - 113% Mar 29 106ft July 18% Feb 10% Apr : 63 46 8 Jan 18 Jan 1 16% Jun 26 24 ; Jan 29 8%, Jan Continental Oil of Pel,B 35ft Feb 26 49% May 23 29% July Continental Steel Corp new__14 Cooper-Bessemer Corp —No par 17% 22ft 20ft May 6 22ft Mar 6 Motors prior preferred Copperweld Steel Co.. Conv pref 5% series $3 Corn 61ft Exch 52% Mar 12 No par B 50 Corp 1 Electric Bank Trust Co Cornell-Dubiller 21 17 ft Jan 3 52 Jan 14 20% Jun 27 Tr 205 #205 io%' u 5ft " 30% Feb 56 Jan 23 ft Feb 60 Apr 27% Jan 67ft Jan 39% May 7 20 5 109 ft Mar 15 8 70 Jan 210% Mar 14% Apr 7% Jan *199 Jan' 2 10ft Feb' 26 5ft Mar 14 16 Jan 47ft Feb 12 ft 49ft 16% 52ft 30 101% 16 24 18 33 ft Feb #58% May _ 1 19 57% Jun 3'/a% - *23% May 29 105 ft Feb 20 5 preferred ... 100 Vorti products Refining.. .—iy.~.28 Preferred ..a—.....,, ,..,......100 Coty Inc — 1 Coty Internat Corp 1 Corning Glass Works common Jil08ft'(iQ8ft S 64% .64% 5ft Jan 26ft Mar 29ft Jan 3% Mar 23% Apr 20 Continental 56 60'A t. : 40% May 31 5 Continental Insurance *37ft ,'3(7% - 7 26 $3.75 preferred 19% 19ft. Mar 16% Feb Continental 56 *54% 21 22 105% Jun Continental Diamond Fibre 26 .* 77ft Apr 22 0 $5.50 preferred 46 ft . Jam 2 pfd—No par 20 Continental Baking Co... No par ' 22ft Jan 28% Jan 32 Container Corp of America 55 *55% 89 36ft Jun 17 No par Consumers 14% •24% H 1 26 No par • 17% 1 Jan 110 Dec 15% Aug 5 38ft Feb 26 ~ 6% Jam 4 82ft Feb 26 Consol f ;; 48 48% ;*113#113ft ,46% 39 0 No par No par 5 Consolidated 18% *19% »105ft 110 , •14ft 54% » $5 preferred Consol Laundries Corp Consolidated Natural Gas 24ft 33ft ' Deo Consol Edison of N Y 19ft 53% 24% # 33ft " Feb Oct Dec 26 32% May 13 5% Jan 31 132 Oct 41% Consol Coppermines Corp 107ft 19ft July 107 ft 28 42% Jan No par Consolidated Cigar 33% *106ft 59% Jun 122 110% Nov Nov 36 Feb 31 Commonwealth 36ft 51% 8% 62% Jun 29 Jan No par Commonwealth & Southern_.No par 36 46% Jan 98 Credit preferred $3.60 125% Jan 47 24% Feb 26 Ho par w w Commercial Solvents 35% 50% Jun 46% Jun Jan Jan 47 39% 30% 125 28 28% 25% Jan 14 Jan 18% Deo 14 39% 100% 38 115 35% Jun Columbia Gas & Elec 12ft 24% Feb 16 39 Jan 14 39 Jan 14 50% Dec 35% Jun 21 Class 9ft Jan 109 Jan 37% 36% • Jan 23 ' 42% 102ft Jan 23 36 ft Mar 15 36 60 *59 ► 62 No par No par 5% 5ft 11 No par No par 9% preferred series A—_100 125 35% Apr 35% Jan 5 Commercial 5% # 36 ft May 21 60% Jun 7 63ft Jun i „ 29 34% Jan 2 5% 121 ,29% 124% Jan 53ft Jan May 26 106ft •29ft 93 ft 3 4 : 130 50 ft Feb 111 *99 • July 44ft Feb Feb 38 % : 61 45% Jan 56ft 55% 121 - 35 ft May 20 100 100 Columbia Br*d Sys Inc cl A~._2.50 12 31% 99 ft 99ft 56% Feb 19 * 33% Jun 26 : 44 > Jan 106% Nov ' Apr 18 No par Colo 17% 111 40% 30 ft ' 77 May 20 108ft Mar 5 108 *105ft 105ft 105ft 40 3 3 Jan 200 Colorado 37 ft 2 Jan 99 ft Jan Feb Jan 109% 172ft Jun 21 38% 12 ft 10 140 29 25 V 38% 24 12% 113ft Jan 89 May 31 30 37 ft 37 6 Jan 170 165 *27 ft 110% 110% - 109ft Jun 49 \ 2 38% 24 8 No par 20% *23 ft 37 27 Jan 152ft Jan *28 ft 29 r Feb 108 preferred 5% 20% 205 2 No par (The),.., A $3.50 26 Jan Jan 9% Jan Collins & Alkman •111 '112 111 v Class 26 Jun 57% Jan Dec, Nov 140 ft Deo _ 98 No par icq , Colgate-Palmolive-Peet 52% Feb 1 . Coca-Cola International Corp *1290 52% ♦107 ft - w 5 59 104 . 42ft Jan 20% Jan ' " 38% May 11 71% Jan 18 105 No par Inc 108 ft Mar *187 50 50 stock . *1290 26 / 100 gtd Cluett Peabody & Co Preferred .■—- i 9 19 ft Feb No par (The) 1 Molybdenum Clinton 102 ft Apr 100 Clev & Pitts RR Co 1% 180.,' No par 100 preferred Climax 3 5 Equipment O. C. C. H 15% July , Dec 15 48 ■■ 5 38 4 27 Jan l July 114 58% Apr fl 44ft May 23, 22 May 10 107 ' 1 *106% Feb . $ per share y>Jatt:'.##r23:.;;Deo 4% Jan 29% Jan 91% Jan 30 31% May 15 28ft Jan 16 .. 8 Jan 48% Feb 25 Clark *102% May ~ 10 1 107 141 Corp No par City Ice ft Fuel_^.__,i_~jyo par City Investing Co new -5 5ft % preferred 100 65 190 *187 15 ft 5 8 Jan 53 26 113% Mar 15 C I T Financial 2 15 41ft Mar 15 117 % Feb # per share 23% July 1 ;i"i Highest Lowest - 25% Jan 26 Mar 13 6% Apr B 38 37% *179; 19 par y' ft* Corp $ per share 20 ft Feb 10 Oil Co---- Highest f per share Par 3,900 9% 9% Range for Previous Year 1940 ' * # Range Since'January 1 EXCHANGE 2,700 23% 23 NEW YORK STOCK ■ Shores 22 *21 STOCK EXCHANGE ' the Week $ per share $ per share. STOCKS > Sales for Friday 21 29 „ Jun Aug 58% Jan ! 29 Jan Jan Aug Mar 182ft Jan 6 Jan 3ft Jan 30 10 29 Range tor Previous LOW AND July 1 Wednesday July 8 t per share I per share $ per share 47% 48 *107% 107% 33ft 33ft 29% 293/4 (51 51 52% 52% 34% 34ft 107% 108 *128% 136 Monday Jun. 29 x per . share 48 STOCK EXCHANGE HIGH SALE PRICES Tuesday July 2 Saturday 48% 33 : 47 ft 48% 107% 33% - 107% ; 107% 107 "ft 30 52 52% *52% ' 53 35 35% #08% 108% 53% 52 ft 35% 26Va 35% r' 25% X57 • 51% 53 53 34% 34% '107% 108% 52% 25 136 52ft 115 34ft •34 *165 175 *165 30% 115' 115 115 33% 51 % *128% 132 132 33% •29% 30 CLOSED ft 25 ft 175 . ; Friday 47ft 1073/8 *33% 33% JULY 4 *29% 32% *49% 52% 50ft 52% 33% *165 34% *108% 108 ft *128% 136 ; 28% Mar 106 100 300 34ft 26% 35% 3.300 690 *33ft 26% 26ft 112 Dev 124 Jun Dec Nov Nov 52 ft Nov Jan 111 Nov 42 29 Deo Mar 145 ft Jan X150 25% Jan 99 ft Dec 87ft Jan 2.100 Aug 16 60 59% 59 30% Jan Oct 25 175 *165 59% Deo 53 Deo 106% 260 52% Nov 20% 3.500 115ft 41 Jan 49 ft 600 52 43% Dec 108 ft Dec 34% Deo Jan 37 200 *115 175 24 '600 V t per share 25% Jan 99 Vb Aug 400 .400 V Highest $ per share 4.100 47ft 1073/8 CLOSED STOCK- Lowest Shares EXCHANGE 52% 50 114ft 114ft 34 35% 25% the Week $ per share 9 per share Year 1940 Sales for July 5 Thursday July 4 v Deo Sep 51% Nov 102 Nov Xl04% 104% 104ft 104ft Apr 51 Sep 25% 71 *22 ft 24. 28 Jan 56 Dec *63 71s 9 Mar *25 *64 17% 140 . 7ft 20 *140 ' ' - 28% 27 y2 110% 122 ft 39% . 25% Davega Stores Corp, N Y Chemical Corp (The) Davison 29% Dayton Pow & Lt 4ft* 111 Decca 100 50 Detroit Edison 20 Detroit Hillsdale &SWRB UQ--10Q Devoe & Raynoltfs A new—ZT5.M 27% 79 Va 48% 28% 23% *106 For footnotes Diamond Matcn 44J/a 48% see 29 ft • 6% Distil 5% 166, partlo preferred Diamond T Motor Car Co 24 ft 106ft page - Delaware Lack & Western 35% 44 r 20 Preferred 12 y2 27% Co_.-_.___—No por Delaware & Hudson— 45% 35% St 0 1# 100 60c Records Inc Deere 63 " *74 pfd Dayton Rubber Mfg Co 54% .'55 ; *40 # 40ft' 12 9 Nov 30% Oct 118 • 29 45% Oct 75 ft Sep Apr 39% 1 " 154 5ft Aug 18% Jan 20% 145 Apr 24ft Oct 59% Jan 74ft •- 7% 32% 32 •*61 17% -140 ••74ft <# 29% Corp-jSeagr's Ltd new preferred—.#— No 23# Feb 26 ' 34 May 13 24 Feb 19 :•£ 31% May 28 110y8 Jun 6 ' 113Jan 7 30 Apr 15 2 34 ft Apr 20 45 Jan 2 75y4May 1; j 42% Jan 5 58Va Jun 3 37ft Jan 11 41 July 5 <41ftMarl5 50ft Jan 29 11% May 6 16% Jan 16 ' 25 Jan 3 28 Apr 17 75 Jan 14 7? F«b 20 Mar 13 39 ft May 9 50Va Apr 4 49%Apr 15 S4y* Jan 14 2iy8Jun 21 105% Mar 15 24% July 2 109 ft Feb 5 par 28 Jan 40% Jan 20 43 ft Jan 2 2 100 27 3 3 15 ' 27% Dec ley* Jan 108ft Sep — — 33 Jan 39% Mar *• 34ft 34V» 7% 21 67 Aug Jan Mar Jan Jan 25 ft Deo 33 Aug 40ft Jan 16ft Jan _ -— ,105 Jan Oct Oct 37ft Deo # 125 NEW YORK STOCK RECORD LOW AND HIGH SALE 'v. 1 -"-Monday Ifttnrdaf July I Jun. 29 July 2 - Thursday >7 July 4 July 3 iV" ' 9 per share $ per than, S per share 50% 59 EXCHANGE " ♦39% > CLOSED 48% 59 59 •39% 40 'A 35%24 % 36*/€ 24 24 % 182 117 33 % 44 Va *43% ..*44 131% 115% *17% 18% *17% 27% 18% *17% 62 108% 34% 33% 48 48 ; 5% 26% 176% 176% 159% 161 162 ' .452 54% 61 " 23 34 22% 22% 22% 95 ♦90 % 110 ♦108% 35 y4 110 105% 106 37% 106 18% 30 30% 49% 110 r *17% *29 31':-.7 >'•58: 48% 59 7 T. 59% 10% ■ 10% . U 10% 49 58% 17% Jun 28 2 3 27 12 July Jan Oct 167% 115 Dec Dec Oct 33% "Apr 111% 41% May 10 58% May 28 Jun 13 Deo Jun 113 Deo Mar 30% Dec 20 y4 Aug * Jan 34 y4 Dec 192% 12 155 3 1- Oct 125% Jan 129 Feb 113 Oct 117 Mar 30% May 22 31% May 16 13 Jan 61 18% Jan .116% Feb 21 19% Feb 26 25% Jun 21 Corp_ Co ; N Edison Bros Stores Inc 48 5% Elec 27 preferred : May 21 com 26 263 Apr 24 8 208 Apr 27 3 71 Feb 2 Feb 9 108 y8 May 23 33 Mar 4 N N 137 N« >17% 78% Phonograph. 165 *17% i" 18 ^2S»% A30% 48 10% ■ 58%- 68% 10% Evans Oct 700 10% ; 1,300 r2[ Jan 2 30 % Feb 2 21% Aug 29% Jan 3iy8 May 16 20 y4 Mar 27 y4 Deo 102 y4 May 28 111 Jan 24 81 Deo 103 Sep 41% Apr 9 106% Jan 15 16 Jan 37 Deo 100% Jan 108 ! 110 July July May 11 105 May § Mar 8 100% 6 101 5% Jan 30 4-' 23 Ye Jan 76 9 93 Jan May 6 95 Jan 5 16% Mar 21 8 23% Jan 1 46 :y,AA:ftv 8% Jan : 107 y4 108 8ep Sep 1 1 • 109 July 4% NOV May 12% Jan 20% 17 68% Jan 86 \Deo 29 86 Jan 92 Nov 20 ya Deo 28 • Jun 23% Jan 28 11% Jan 15% Jan 28% Deo 42%. Jan- 62% Nov 16 v £ 58% Apr 26 63 y4 Jan 15 9 11% Jun 3 3 88 May 21 36% Feb 5 42% Jan 65 Nov 25 Va Jan 36% Nov 9 12% Mar 20 Ya Dec 17 Jan 28 y4 Dec 104 Mar 110% 1 6 80 27% 27% 14% ; "•■UYa 25% 106% 49%» •106% 107% •106% ii ' 16% 17% 103% 104% 19% 91 91 1,300 72% 2,300 *107 19% , 163/4 104% 19% 104% vi ' *89 26% 26% 26% 27 ♦21 22% 46% 45 112 Jun.29 9 per share 9 per Share CLOSED ' / ,, ■' /. ; A*; /*.- v ; j ' V- - Steel 91% 91% 400 Food Machinery Corp 10 72% Feb 900 Foster-Wheeler 10 41% 41% 26% 26 29% 28% 29 583/4 59 59 22% *22 45 Va 46 111 26 y# . 160 22 y4 Corp preferred prior 500 Thursday Friday July 5 July 4 9 per share 9 per share 14 10% • *2oy4 183/4 183/4 22 y4 22% 22% 7" -*25 25% 15 7 7 7'.' 14% 59% ; *25 cum Sales for ;; 60 14% . 60 ♦59% ■ •A 'A.; Vs 213/a *122 ? V -21:..v 128 21 mi 65% 13% 195% *123 21% •107 *107 66% M 13%,77 .65. 24 ■' • .-V 'J 24 123/4 50%-, 164 ^ lll/V • A' 36% 7 f'.A1 23% 12% 493/4 175 164 : 53 45% 26 73% 26 • 43 .34 5% 20% •A A For footnotes see i:'; 33% 40 , . page 166. 21 21 *122% 21% *35% .. ' ■ * „ 30 20% *%•« 66 66% 1,500 6,800 24 24 11% 130 12% 700 121 , •>/. .1 J>/,; -u- ♦176 45 45% 44% 45% 131% 131% 131% 131% 100 40 ,v 33% 40.> 122 1,000 40 2.100 • 450 21 Jun 21 26 r Jan 5 12% Jan 5 17 54% Jan - Apr 29% NOV . 15 3 14 y4 29% Jan 29 67% May 29 Jan 26 107% Feb 5 60 Feb 21% July 108 182 Jan 58 A 14 22 ■ 14% Apr 28 6 $ 200 Jan 12% Jan 1 Jan 71% Apr ?5 12% Feb 26 par Jan 51% Nov May 28 141% May 28 8 17 % Feb 7% 28% Dec 14% Dec 68 Deo A 24 19% Jun 21 78 16% Mar May 29 104% Apr 80% Dec 24 y4 Dec 109% Dec 61% Dec 8% Jan 14% Dec 160% Apr 29 Jan 185% Dec 49- Jan Dec Feb 26 49 Jun 20 56% Feb No par 100 42 Jun 17 136 Feb 4 General Mills 5% ' Corp Corp common preferred 3% % conv preferred General Motors Corp $5 preferred 7 10 par 20 No par 30 Gen Public Service Public Railway Signal Utilities No par 182 Mar 123 114% Feb 7% Jan 48 3 14 - May Feb 40 43% Aug 4 8 5: 14 127 Aug 114% Oct 5 62 Jan 125 30 ; May 10 22% 15" 2 r 49% Sep 56 Nov 52% Aug Mar 134 123 77% Dec Dec 130 Mar Jan 23 Dec Jan 36% Dec 1% Jan . 28% May 31 Apr 123 12 8 36% Jun 26% Mar 13 112% Mar 23 Oct 172 37% Jaa 6 11% Feb 27 7% Jan 36 Oct 7% Dec 23% May 21 150 142% Feb 10c Oct 27% Mar 153 Apr 26 40% Jan 14 18% Mar 4 38% Mar 4 Jan 3 28 29 ^•4% Feb 26 29 Jan 80% Jan Jun 25 No par General Shoe Corp Feb 51 2 19 . 132 I preferred—No par General Refractories Jun 135% Jan 2 100 6% preferred Gen Realty & Utilities Gen Steel Cast $6 lOo 5 Corp Mar 13 127% May May 164 12 69% Jun 26 Outdoor Adv common—No Equip Corp Jan 3 115% Mar 29 par Gen rA 100 No Gen 800 33% 122% 18% May 24 22% Mar 13 45 1,700 40 Vb Dec 19% NOV par 13.100 122% Dec 10% Jan No par 20% A 20% 40 12% Jan No Foods Gen Precision 122 Jan 4% General Electric Co Gen 50 6% 16 2 General : 500 7.600 Apr 22% Jun 40% Apr 15 Apr 8 52 Feb 8 1.500 A? V. 11% Jan 29 21 2 2 1.800 8%t 15% May 28 3 Jan 5% 33% No Jan 171 31% 149% 19 A 31 25% A 44 10% Jan 100 5% 8%A Highest 9 per share No par 31% 44 __50 1 Cigar Inc 25% *146 No par 1 preferred 31% 8% 9 per share Dec 25% 44 9 per share 145% 200 A r preferred preferred 22.800 *33% I per share Jan cum 70% 6 Highest 139 7% 22.400 a - Year 1945 Lowest Lowest Nov 129% 149% Range for Frevlons Range Since January 1 . 15 31 33% 122% 118% Deo 1 27% 118% ' 36 July 38% 70% 8% Deo 112 Jan Xl29% 43 35 27% May 13 48 Jun 18 4 56 71% *146 Jun 19 34% Jan 17% Jan 28% Apr 17 A aa.6 a: Mar 16% Apr 9 129% "A.. 21 7-105% May 15 Apr 2 11% Feb 26 25% 42% R% 118% 20% 51% Nov 33% Jan 70% 20% Jan 22 129% A 34 26 9 No par General 5.500 3.000 5% Feb No par 100 40 54 6 47 3 Co General Cable Corp 200 46% 31% Dec Investors General Bronze 35% 53% *116% Dec 27 (The)___.._u._A a par preferred 178% 46% 20% conv 7% 54% Dec 43 ya Apr 8% Feb 26 Class. A 47% 44% Jan 14 conv 600 35% • Co Amer Jan 25 $4.50 preferred •-^•.^■^..■..,100A Gen Amer Transportation 0 General Baking 0 $8 5,000 54 118% v Gen : '13% 13% 193% 194 •Vv>"'r 5%^ 6,800 47 132 >/2 25 9 preferred 50 Gaylord Container Corp new_1.66% 108% 37 177 A 17 Feb 28 20 Wood Industries Inc 4%% 3,400 130 20% •107 A . 66 177 148% :;A p% 40% 122% 42% *146 35 *121% 800 54% 30% ! r. -40% 59% Gar 240 71% 72% *129% 130 :-.'A 25 ■■•'■ 25 -V 146 8% Gardner-Denver '' 45 y8 ; >116% ' 146 A uamewell 600 59% 24% : 31% 5% .a'EA'A 20% 21% 43 300 47% 45 >131% 31% -r 1,100 a- 4,200 12% 177 ; 53% . 118% 130 18% 23 14% 12% 49% Jan • 25% 14% *23% 38~ 47 y4, 130 '7; " >174% 48 % 118% 18% iun 59% Aug 35% Jan 28 61 Jun 3 (Robert) 6 % preferred GalvIn Mfg Corp 25% 13% :-13%77; 196 23%, •36 >131% 133 V 800 -• - 36% 175% -P 72;:■■ 20% •194 ' ; 12% ,12% 47% v 20% A 52 . CLOSED *22 Jun 80% 16 5 Galr Co Inc JULY 4 : 75 Apr 100 26 13% Dec 2~ Gabriel Co (The) enrnwinw 7,100 . 6 % Mar 47% Jan 5 9 . 1,100 10% 108% 653/4 I3%s7 196 196 ' ^ t 65 ■ 14% 124 20% *107 A A 16 " 23% May July Par 10% 21% A'v1,124 20% 110 A 13% 196 - 127% 20% 110 . 21% 20% 15 Jun Oct Deo Jan Shares 593/4 *59V4 21 21% Feb 107 53 18% 20 Jun 26 STOCK EXCHANGE *13% 22% 25% ■ Jan 16% 'Deo Dec 27 preferred..-....-...100 NEW YORK the Week 9 per share STOCK 18% . 41 7 38% 111% NOV 25 Grain & Malting Co Inc_l Fruehauf Trailer Co new.... ..a! A% July Apr 18 29 2 •23% Jan 107 No par 10 EXCHANGE 20% 18% iQ NOV 110% Mar 66 Oct 1 5 STOCKS Wednesday July 3 20 3/8 ...... , Froedert HIGH SALE PRICES 20% -A- r Freeport Sulphur Co 3*500 1,240 111 r Francisco Sugar Co 1,500 1,000 45% 45% 111 6% cnrp. preferred Stores 70% 53% Mar 18 Jan 20% Jun 37% Feb 20 42% 14 ,A; 57 3 27 90% 10% : 287/a July 467/a Jun 6 conv Dec Jan 26 Jun Nov 63% Apr Feb 27 34% Jan 50 42 % 42 16% Jan Apr 21% July 105% 115 par Dec Dec 107% 83% Apr * 6 17 2 7% 18 59% Jan 70% May 29 Jan class A new_No Jan Jan 103 7 109% Jan 4 14% 15% :;"aa15AA; • j4 16% May 10% 23% 25 24% ' 3 12 27 July 5 34% Feb 26 : Feb 34% May 29 70 Feb 7 54% Feb 25 11% Jan '67% Jan ' *22% ■' Jan 106% Jun 100 14 20% x66 9% 28% 5 84% May 10 108 20 new__iVo par 1103/4 ; £ Mar 14 Inc *22 46% 9 per share 19% 28 56% Jun Fair 10% 20% 17 5% 58% 111 21% Jun 26 Food 14% 19 50% Feb 220 11 10% « Nov 110 Corp G H 14% STOCK EXCHANGE 32% 4,800 *26% Tuesday July 2 July 1 23% Jan 101% 19 y8 101% . 28 LOW AND Monday Saturday 5 19% " : 223/s 43% 110% A: 43% Jun 19% 28 22 Deo Feb 26 No par Co_ Power Pollansbee 42% No par Florsheim Shoe 600 Jan 90 28 A 110 *15% A16% Florida 25% 1033/4 *40% 28 *57% Florence Stove 700 7 14% Feb 26 No par No par Oct 4 Xl04% Apr par 26% Jan 10 13 IO33/4 ■ 42 59 500 6,900 26 A 112% Feb 54% Feb 193/4 :>i 91 *41 (The) Carpet Co Co (The) com 19ya.;„19% ... 41% Jan 25 Flintkote >49%y 51% .j, 19% 16 *15% Firth 6,300 19% Jan 18 100 No $4 preferred ... Jun 1 Stores 30 27,% 19% 3,000 40% 114 National 27%' ^27% 50% ,27% hi 27% ,27% v. First 105 10 preferred 800 27% 39% 113 T; Fidel Phen Fire Ins N Y 4%% 60 27 40 113 50% A .. Firestone Tire & Rubber 107% > 60 27% 393/8 113 51% *107 61 27% 393/4 72% 1073/4 60 V» ,1 ,. 28 21% Mar 14 No par No par inn Dept Stores •; 4%prof<»rrflrt Ferro Enamel Corp 1,600 58% 19% 58 Federated 32% ♦26 57 '/4 Federal Motor Truck 160 58% 43% V 42 2,000 2,800 *31% 16% A?1 20 18% Jun 13% Jun 21 9 Corp 72% 72% 113 .51% 19% w 19% 28 fS. Federal-Mogul 106% " 58% 27% 27% 39% 28 18% 1 72% 61% Jan 27 ' 2 -Federal Mln & Smelt Co 300 583/4 62 *111% 19% 300 il06% 723/4 1 ffo par * 20 , Farnsworth Televis'n & Rad Corp.l Federal Light 6c Traction 15 $8 preferred—..........—No par 280 X72% 1073/4 62 40% 51% 106 Uorse- ft Oo Fa Jar do Sug Co of Pr Rico ■:< 100 73% 113 A: 51% 25% 583/4 73 28% 40 1,400 4,100 .. . 106 A?viwrbanki 300 32% 32% 58 % ;. a 32 32% 62% 27% 72% 1053/4 I *47% 4; 50 *38ya 39% i.r- 19 183/4 72% 106% *106 58% ; 19 •• 14 A106 39% 18% 74% 13% •24% 49% 72% 73% \ 1063/4 *38 32 ♦111% *106 •47% ; 58%, rt 14 38% 19% 31% *78,.... 79% *27% 28 25 A;," 37% 106% 62 107 : ; 49% 73% - 106 25 27% 48% v 40 19% 71 105% 49% 133/4 ; 25% 79% . ' 273/4 14% •24 107 •37% I 27% 14% >24% A *78 80% x. -47 Jun 130% Jan 10„ Jari Feb 37/8 „ Jan 2L_ Jan 10. A* 19 A 10 99 : Jan Mar - 9% De* Jan - F 80 < Dec 33% Apr 3 Apr 18 45% Mar 14 - .2.50 Mar 62 111% Mar 92 - .50 .... 1 28 May May 16 —100 Co 2 4 104 par July 21 9 7 A 2y4 Jun par -No Products Dec Nov 25 li Eversharp Inc EX-Cell-O rinrp Exchange Buffet Corp 146 48% Feb N -No Bldg Eureka Williams Corp 400 2 May 55 y4 32 5% pref series A Erie 6c Pitts RR Co 2,000 Dec Dec Deo 158 18 102% Apr N Erie RR Common 1,000 48 ; 7% 197a 2 56 y8 Jun 2 104% Apr 24 Service 65% preferred 66 preferred 94 Dec 7% Jan 24 180% May 3 Dec 24 y4 61% Jun 25 75 65 preferred 700 *77 .*91% ■ Jan Dec 49% Mar 13 1% July office Dec 71 Jan 29% May 28 3 Jan 427/a 14 13 46% Jan I Rights!.. t Equitable 112 18 7 25 y4 Jun 130 Deo 48% Jun 5% Jun 27 A' 21% Apr 25 67,100' 6.200 39 % ' Aug 8% May 5 17% Jan 148% Jan Endlcott Johnson Corp 4% preferred 108% July 35% Apr Emerson Electrio Mfg Co : 24 106 ■ 5 Emerson ■ 1 25 Feb 80% Feb 32 550 Deo 3 22% »,110 109% May 114 47% Jun 17 k N Storage Battery Public Sep 19% Jan 21 Paso Natural Gas Engineers Oct 104 : Jan 1% 220 Jun 66% 16% JaU 28 Electric 4,300 Dec 200 Jan 3 El Radio & 229 Jan Jan 53% ■; July 67% N> Dec Nov 49 ; 11 (The) 21% 35% 185v : Mar 14 52 ' 170 ; 40% May 22 111 1 109% May 24 52 y4 17 ' - ' — $7 preferred—, $6 preferred ■ 10 Jan 28 Electric Power 6c Light 165 Jun 58% Apr Ind Am shares Mus & 2 Feb 191 Stop Nut Co Auto-Lite 7 215 4y4% preferred Ekco Products Co...^....^. 4%% -; 30% Jan new 38 108 • 58% 10% A 133 - 30% 48 125 y2 May 22 114 Jan 4 par 6% cum preferred Eaton Manufacturing Co.. 178 108 18 7 *29V« 122% 110% 17 Apr 29% 29% NOV 100% Jan 7 27 227 Jan 22% 94 > share Mar Jun 24% Mar 12 30 Jan 65 Jun 116 8 32 78% *91 y4 18 22% Jan 33% Jan 181% Feb 26 - Inc Eastman Kodak *90% 95 *108% 110 34% 35 105% 105% 2% •17% 94 18 . 108% Feb 1% 17% 77% - Deo 192. 23% Mar 14 51% 109 2% 17 Deo 56 118 113% Mar 12 53% 110 109 2% 78% 50 y4 58% • 17% •91% . 54 105% 109% 110 ; 78 Ye 78% 94 17% Co 60% 165 105% „ A -17 A •91% : 205 176 95 ♦108% 109 77. 2% 18 78% 243 5% 35% 109 . 17 Stainless Steel 26 y8 32 *91 95' •109 110 2% 2% A : 109% 110 :? Airlines *45% 22% x32 32% 32y4 ♦92% •108% 50' Mar Mar 19 37% May 31 29% Feb 6 5 Electrio. Boat~...^— Conv preferred w i 1% :1%; -' 6 per 17% Mar ' 47 10 108% Mar 25 par 20 30tf7 D W Q Cigar Corp.. Electric 51% 50% 143% Feb ... 5 26 100 1st pfd 69% 165 ♦109 V 5% 33% 177 y4 v Light Eagle-Plcher 69 27% 175% 36 Duauesne : Eastern *33% 5% 5% 28% 106 70. , 3 27 July 1 No Elastic 48 5% 32% 500 % > International Du P de Nemours (E I) & Co aa> 64.50 preferred -No v> 12 y4 33% 27% 48 Highest 7 . 9 per share Apr 24 62% Jun 28 Jan ,7 84 100 Duplan Corp 100 45% 112% 70% 22% Dun hill 600 2,800 - 3%% conv preferred 12 "69% 54% ! 200 - Eastern 45% v» 60 {\- v 25 Dow Chemical Co common..No par 64 preferred series A No pat Dresser Industries 50c 28% *36 12% 71 34% 7 1,000, 4,200 *111 12% 70 % , 26 x23% Jun No par *108% 110 46% 112% *47 I per share 7 52 Mar 28 39% Jun No par 25% 60% ■: 108 »/a *111 Feb 52 -—■; Dome Mines Ltd Douglas Aircraft 57% *204 , 37% :!'■ 46 Doehler-Jarvis Corp- 1,300 17% 28% 62 A 39 par —No par 25% 240 36% Co. Pepper 57% 241 27% 200% 203 No Lowest : 59 Va 240 A 2,600 133 »/4 116 27% 26 ya 33% ; •132 --'•A/ v/AI-V .*57% 113% *115 115% *115 2,100 V 25%" •32% 133 115% 85 V2 *43% 44 7218% 218%7 . 215 132 114y8 114% ./45 -. 24% *111% Class - , rear 1940 Highest * ; 9 per share "•7-Aa7;7 v-■v: Lowest * ' 34% 25% 33% ♦213 ' 210 181% 181% •116 117 26% 133 13iy4V < 34% Range Since January 1 :■ Dixie Cup Co common.^.*J7o par ...""" Dr. 84 >L17:> "32y2 45% . 215 213 216Va 131 Raiure for Previous * 7:>7j 7 a^'VaA' ' 7 ■ 800 • 40 t: EXCHANGE ^•.tfiJUuret .!>•• 24y4 . 110%1110% 33,:7a: 2l2Va •39' 181% 25% 113% 33 33Va f 44% CLOSED 86 •116 v - the Week 49%. 7*58 A-A 59 24% 86. 25% *109 110% 110% 7 v. 117 25% *47% 36 181% -Friday :>>> July 5 - 9 per share EXCHANGE 39% 243/a - 185 : STOCK 59 35% v ■ f per share 49 y3 , *39% 85% >118 26% T 24% . *181 *116 59 40 ; 85% 180 *47ya 30% A/38 / • A-86'A/.86%> 26 9 per share 48% 59. 50 STOCK i'i'STOCKS Sales for v r »7, NEW YORK STOCK .. Tuesday rr« . PRICES 40% 140 8% 34 31 133% Dec Oct Deo Dec Dec Deo iTHE COMMERCIAL & FINANCIAL CHRONICLE Monday, July 8, 194) NEW YORK STOCK RECORD Monday ftftftftu Tuesday Saturday ;. July l Jun. 29 j I per share per ; . share 44% 111 *10814 /. 56 EXCHANGE CLOSED ■ 56' • * 109 10814 , ft'siM 39 . ■' 39y« "4 *104% ^ , *105 106, 52% 52% *5614 57% 7'/a 73/4 13314 13314 38 39 11%' 50% 12% 9% 50% 2314 : *106 108 19% 223/4 35 *106 32% *65% 62% 31% 32% 174 174 ' .68 68 68 *67 90 "89 *106% 107% V. I 47% 75 *104% 47% 47% 49% f 10% 10% 10% 1014 48. 10% 96 95 95 95 ; *48% 21% 22% " 22 22%' 22 66% 66 65 73 73"% 73 73% 193/g 193/9 1,500 61% 613/4 2,600 32 32 3,100 £ *175 176 *66 46 23 23% *115 116% *108 108% : 31% *165 10% 23% '/.ft •38% 171% 700 / 116 *108 108%. 32% 32% 55 32% :12% 12% 101% ji7% 17% 12 y« 11% 174 174% c*12% 13 600 / . 17% i 2,100 3,900 1743/4 175 ; *108% 109% :/*82% 83 : ?188 193 *31% *31% :«2% 193 33 *313A 101 32%.,' 32% — 101 300 120/ 1,600 ; 33 41 y2 | 41% 41% 32% 31% 32% 1,200; 34% 34% *36% 38 *37% 38% 300 34 *32 323A 300 46 47 '£ 23% *56 . 233/4 3,300 57% ' ' - •*34% *110 112 ... 91 1,300 25 Ya 48 48 , 8% , 18% 38 y®: 28% 29ya 44% 45. AND . HIGH SALE Monday Jun.29 July 1 July Z PRICES I per share $ per share Thursday July 4, i $ per share Friday $ per share *41% Sales for JulyS f : the Week: I per share Shares NEW YORK 64 22% Jan 104% _a - ;■ - „No par 4 ; 15 26 6 28 5 2 1 28 26 26 £ . 24y4 Mar 9 Apr .16 July 5 27 y4 45 21% 55% 2TVa Jan vs Mar 14 Jan. 3 106%May • 83 19% 46" 8 17 1" Mar 7Jan 3 May 6 Apr 25 • Jun 26 27 39 8 Feb 26 Jun 21 May 6 ~ , , - Dec Dec Dec Nov J"., Nov Nov May Oct Dec Dec Mar Dec 82 39 27% 121 110% 29 Ya 155 Dec Dec Jan Dec Apr 43% Dec 14 104 V2 "9% Jan 6 Mar 16 3A Mar Jun 43% Nov Oct 108 Jun 61% Deo 7% Jan 98 Dec Dec 14 Nov Dec Dec Deo 134% Nov 'V ' - 1 20% ^ 100'A Oct 71% Apr Jan 170 22% Jan 130 , 72 : 123 21% 25 . Feb 'Feb Feb: Aug - Jan 23% Jan — — 40 17 Jan 4 May 22 34% May to ' 56 Jan 11 17% Jan 42 Jan 16% Jan 55% Oct 25 Aug 102 Sep 66% Jan 12% Jan 34% Jan 2 ; 10 Jan '/a% feo b 62% Apr 22 35% Jun 26 111% Jun 20 95 Apr 24 30 Apr 9 60% Feb 5 123A Jan 25 - 25 Jan 17 45% May 17 34% Mar 25 49% Jun -3 107/a Jun 24 - 26% Aug 14% Jan — —- ,3% Jan Bang® lor Previous STOCK EXCHANGE Aug Nov 30% Jun Jd 20% Jan 15 Vi Jan 103% Aug 105 Dec 18% Jan 152, Oct x30 Apr Deo 100 49%.Jan 37% Jun • , 653A 39% 175 75 86 x35 108% - 55% 12% Jan 58 ' Oct Mar Oct Nov 21% Dec 14% Mar 51 May 23109% Mar 26 90 Jan 2 191%; Apr 10 387/e Jan 9 72y« Apr 17 139 Apr 3 106 • May 2 146% Jan 21 - 39 % May 13 x43- May 31 ' 41 % Apr 6 33% Jan : 4, > Jan 5% Mar Oct 82 28 16% Jan IS 32% Jun 26 new———5: Jan 28 % May 28 50 13 26' Jan 52% Jan May 31 STOCKS Wednesday /£ July 3 Tuesday ' $ per share (Del) V r Z%% preferred 100 Houston Light & Power Co.—No par Houston Oil of Texas v t c—25 Howe Sound Co 5 ' Saturday ; H — Hudson As Manhattan—_—.—«<.100 100; 5% non-cum preferred——100 1,600 i; Hud Bay Min & Sm Md——No-par 8,300 Hudson Motor Car— —No «ar 5,200 j. Hunt Foods Inc — $6.66% 11,400 Hupp Motor Car Corp—— 1 / 28% Jan 40%May l333 4 Apr 25 99 , ' )VS •' Aug 161% Mar 17 26y2Jan 8 119 Apr 11 111 Mar 14 343AMay28 162, May 23 60y2May29 12% Jan 1,600: : 38 LOW ^ 400.. 8% *173/8 Co - 5,600 t Jan 17 Feb 26' 37 /•'' 46 106% Jan 24 v 13% Apr 2 20% Apr 22 —.2 11% Jun 21 15% Jan 28 .—25 121 Jan 2 175 Apr 22 '/'V *+■>. '1 : kP/ y-s. ,•* Household Finance com ___ 903/4 / . 78 Oct Jan Nov 14% Jan 4 Jan 25 78% Jan 7 Maris 155 ,/ Holly JBugar Corp ——No par Homestake Mining 12.50 Houdaille-Hershey com No par $2.25 preferred 50 500 243/4 23, par :_10 Hollander & Sons (A)— ___ 35 Glass Jan 25% Sep 105 Sep 30% Jan 28 5. 28y8 Feb 26 ——,100 •V Holland Furnace .. 5,600 . No 14ye 108 21% Jun 25 lliy8 Feb 26 ; 105% Jan 16 - 100, 400; *32 "A 35%Feb • , *40% 35 Jun 32 Mar 3%* preferred -100 103% Jam Helme (G W)—_£ £ __25 82 Apr 1% non-cum preferred 100 184 Jan Hercules' Motors No par 30y»Jun HerculesPowder new No par64 May 5% preferred __10Q 130 Jan Hershey^Chocolate ——No1 par, / 1 82* Mar $4 conv preferred——JNo par ' 135 Jan Hewitt-Robins Inc -i~-5 ; / 25 Va Feb Hlnde &' Dauch Paper CO—£—^10 32% Feh Hires Co (C E) The—. —-i—1 29% Feb t; *31% 34% 15 Hecht ,Co. 1,500 144% 33 < 500 135 . 143 . Hazel-Atlas j!'V ;7"'V 20 66% ♦132% 143% 61. —10' Hayes Mfg Corp — 33 643A - 400 108'A 82% *188 v 101 , 143% ■ *1073/4 *10.8% 109% 82%; ,82% *188 193 135 *132% ■ ) 32% 663/4 65% *98 . 25 .21% July No por preferred- Jan 79 Feb 5 May 20 54% May 28 111 Apr 5 52% Apr 4 13% Jan 25 9% Jun 28 Hat.Cotp of Amer class A——^_1. 4%% preferred (modified)—100 -Hayes Industries Inc——..1 650 . &*> ' 6% 18 3/4 105 26 91% Feb 26 , Hart, Schaffner & Marx 210 / 11% xA2i \ — > 600 LOiy* 101%/ 42% *41% Feb 42 __l 3,000 ;/ Harbison-Walk Refrac _ Jan 84% jan 48 108% Jan-14 : 4%. conv. preferred £100 Hanna (M A) Co $4.25 pfd__No par ; 10 / 55 17% 12 42% 423/e No par <£.££££100 Hall Printing Co Hamilton Watch Co • — *53% 101% 174 ___ *165 *53% : 30% Feb • 5%'Jan 4% Feb 18 73/4 74% 10514 633/4 115 89 12% 73/4 333/4 21'/a 33% 109 Va 12% Mar 188% Apr 14 May 22 ^'RncfcensacK Water 500 *115 , , 100 f: 46 23 32 17% 12% 11%: 39 46 22% 108% ; 3 18 54% May 10 Feb 25 7 : .Feb Feb 63 , "Jah 43 16 Jan 30 12% Jan 19 Jun 14 77 . Apr 21 ___l Grumman Aircraft Corp July 48 113 % 57% Feb 26' *165 13 101% > 51% *21% 116% 32 163/4 . .,. 53 102 Oct May 40 July 107% May Feb 27 Dec - 165% Feb 6 64 Jan '*'■ Jan 10 112 i.100 Greyhound Corp (The) Apr Jun 24 80/ 2,000 / v Guantanamo Sugar common—i—f 170. _ $5 conv preferred ——No-par 1,400 • Gulf Mobile & Ohio RR—_. -No par, 200 v V •' $5 p^fferrml ft , Nn ;par ft, 94% - 77 33/4 25% 3 172' 104% Sep 147% July 8 Green <H L) Co Inc •: 29 "17 Jan 3 54% Feb -26 100 s- 39 27% Feb Green,Bay & West RR £ 4,400 10% *93 " Preferred J 96 57 40% Jun , Mar . Jan 3 106 26% Deo 105% Deo % Mar Jan 293/4 Feb 26 ————100 ___../ft; 4%% preferred—. 46%47./: . V 6,100 *106 3A -107% 19% Jan —6 Deo 111% Deo Jun 25% '107 /Mar 3 Dec Mar 46 52% 83/4 Jan 6% Jans 4 30% Mar 5 —__No par 383% 4 Jan 8 473/4 May 14 88% Apr 3 3 : 10% Jan Great: Nor Iron Ore Prop—No par Great Northern Ry 6% pfd—No par Great Western Sugar No par 500 I *115 , *12% 50 483/s *108 : s/,' 54% s 55 :s.w; 100/ 70 %/86% 48 39" v 46' s 23% *45% v 140 4 13 90 151 Feb 26 34% Jan _1 - Is 1 3 111 Jan May 10 59 3 105 % Jun 24 ———No par preferred "56% Jun Mar 25 68 preferred—_No par ,Granite City Steel Grant (W T) Co 3%% 108 66 *38% 39 453/4 6 ' Grand Union Co—————No. par 1,100 4 133% July 35% Jan 733/4 73% *38% ; / •_ 1,200 35% *106% 22% *65 *65 300 Apr/18 ■ May 17 73% May 10 106 • Apr 13 3 Mar 9 108 Apr 22. 36% Jari 54; Granby Consol M S & 'P———£5 22 35% ' . 103 '44% Nov 105% Nov ' 42% 39% Feb 26 No par Graham-Paige Motors 50% 107 58% Jan -1,400 9 Jan 22% J*ari"~4 103 Jan 2 • g 26 102% Jan convertible $5 Jun 14 par 27,000 I 60 118 4 . /1 per jihare 27% Aug Feb . HighClt 253/a Mar 111 Jun 26 r [$ per share 49% May 21 46% Apr 17 . Jan 22 107 No par No Gotham Hosiery 600- 11% t per share 6 '.'■/■■v/ Year 1945 v Lowest 37% Feb 26 No par- $5 preferred 900 38 11% 95 : .107 *37% preferred conv 3,700 ft Goodyear Tire & Ruhb ft 108 Tire & Rubber Co 5 preferred—u——-.^100 preferred ,___ ftlOQ Safety Razor———No,par Goodrich Co (B P) 500 .• 36% Mar 36V4 Feb 26 4Va % qonv preferred————50 ft '•■■■ ;l 'ift/ftftft.ftftftftft • ft: Goebel Brewing Co__ : __1 Gold <fc Stock Telegraph Cc _10o Goodall-Sanford Inc 10 4,300 663/4 *106 ; -. ./:/ l.goo 106 65% 86 10 22% $5 110- 42% 755/8 # pet share Gimbel brothers new _ *. 5' ' $4.50 preferred No par ; Qlldderi Go (The) ft /—No par 1,800 —J /ftftft'// ft ft. 4,700 135 42% 48% *106% 107% ft" 46% '*93 . 5 7% ' 7% 134 48 • i- 3,600 39: *56% i 57% ; bd *t»7 b9 47% 48% *106% 107% 48% 48 801 100 ; 19% 19% 62 62%1 31% 32%" " 175 175, *66 70 3 19% . ft . 19% -il • .. 62 174 •173- : 4934 19% - v- General .4 % % ; 3% % Gillette 800 6,600 .. 9% 62% 31 , £ , /■//ft// :*/• /Range Sine® January 1 // Lowest ; Highest - General Telephone Corp_—____20 ft: • 57% *56% ■/ 102% . . .. 62 1 77 66% 106 ft '37 11% 35% 9 105 51. 105 51 , 55 110 X383/S •' 1 Gen Time Instrument Corp__No par 4%% preferred. : 100 *104% 107 «0% 6014 . 54% ■ EXCHANGE r 200 111 *100 JULY 4 *108% •109 ' 75%'.• 763/4 ft/ft 105 105 ,ft/' 67%66% 6634 106% 106 106%, 373/4 38 ,38 11% ' 11% 11% \ 9% . ; 914 9%..' 50% *49 50%' 22% *22% 22% 35% 35% 35% 108% *106% 108%. 233/4 35% , , CLOSED ; 1,700 ,43% '39 s 43% *38 ■ Range for Previous NEW YORK STOCK * Shares>/■■■''<: f per share € 105 *104 67% 106% 107 STOCK ' *104% 107 76% 1043/4 663/4 v 714 ' ■ ' v 7% 7% 135 .ftV *132% 135 ft,£• 42% /ft 42% 42%ft,ft 78% 76% 104 . 73/8 *132% 42% '/ft $ per share - the Week .'/,;July a . 52% 57% 56% 44 42% - 51% • : ' 3d 59 July 4 *10814 111 ; ."ft 55%. 55'/a *1083A 110 ' *100 102'/a ft 39 8914 • : Sales for Friday Thursday EXCHANGE 39 <*38 107 60 3/4 106 ' *104% • 613/4 *105 / V — 38% / 108 593/4 . 3914 *108% 111 5514 5514 *108, 110 3914 s' Julys 4 $ per share, r ; 4414 443/4 V . , t per share 4514 , 39 Wednesday . , M<> '443/4 46 ;' 39 July ft // , ' STOCK , s "//ft :/■•;•//£/ STOCKS AND HIGH SALE PRICES -•'••ft- ft ft LOW "vfe; Range Since January 1 Lowest Highest # per share $ per share Year 1945 Lowest # per share ■, Highest $per share STOCK 39 EXCHANGE *71 CLOSED *97 ft JULY 4 ♦32 11% 31% *16% *48% 145% *179 19% Deo 10% Dec 21% 8% % • 533A 54 107. 4 108 v 57 *53.' "*53 *106% 9% 9% /ft; 93A 17% 18% 4*106% ■16% 247 98 247 . 2473A 99 1963A 196% 13 13 8/a 12% 36 373/4 196 *98% ///ft 9%' / -17% 96% • 100 35% *98% 108. ft t 248 ' (963A ■ft. ftvft 196 % ft - <12%, 9% 17%. 97'. ft,:; *99 99y2 :*-*& . . : 8% 83/8 39 8% 393/4 . 147 47% 147 • ft Xl4/ /ft 146 46% 120 1183A 8% 147 1183A 463A 117 % 24% 124% *69 473A 117% rll6% 116% *24%124 % 69 243A 124% 70 47%/. 47% 53 55 39% 40 23 Ve For footnotes see page 166. 23% *23 % 233/a * 96%'V963A!,ft '197 V 12%- ; 1973A' . 123/4 . • 36 Ye 36% v/ 99 r3/a 99 - : ft/ • U r ,^383a / 39 y«. ' 48% 119 247%r ft 123/4 ' 17 -; 247% ' 197% <35% ' -36% ft ft ; j.6% \ 248 55 - *106% 108 "ft,/' ft 9%. 9% % : 814 / 8% ft 38% ft 39% ! *145 147 ••/; 46 3A 47 117% 118 ft ' Nov 109% Oct 12 Yb Dec 147/s Dec (Volume .164 Number 4505 „ THE COMMERCIAL & FINANCIAL CHRONICLE NEW YORK STOCK RECORD LOW AND Saturday Jun. 29 it, w. £ per share / # oef share STOCK 34 ' PRICES Wednesday JuJy 3 ./v,: ' Sales tot • '33% * 45 45" 167;" t per share v • July 5 34% *44% *161 >• 34% ' to LOCK J tper share 41% EXCHANGE 45"; vCLOSED 167V--— v ^ JULY 4 a'Shares 42 *34 ; (, 34% . *44% -:' ,, , y ■ 45 \**6T I..,.' .STOCKS *««•••• NEW YORK STOCK the Week :j * - i' Friday V July 4 41% .: 41% 33% ? *161 < Thursday per share , P 41% ,.41%% 34 JL67 *112 Tuesday July 2 J per share *45- S? 47 *161' CLOSED ... . t*41%:^42.m EXCHANGE ;; SALE " Monday -July 1 ' HIGH Jj700 " 800 100 , 167* . 150 '140% P 61% , 613% *110% :114 V' *146 *.'50% -32% - 33 *32 *33% 33% *118% 120 - 37% 36 36% f 66' *64! - 41% '35% - 6§ ' 43% • 41% ' *62 'SiVz i 26 .97 V : * 43 "'"44 107% "21% •■563%: 57 57 107 23 55% 67% *96 : 43% 43% * 107: '• ; 41% *20 * 97% 44% 107%- 41V4 58 58% 56% 58' 43A% 58%, 203/4 X57 . , Kress 11% 56% ,56 3%' - 1.100 38% . 97 ' •* VcL *205 vl ud *56 72 ♦69% 62 433% 38 118% 32% '32%-33 3o% JO% V - 953% 32% 30% 26% 27% 191% 192 V OQ 27 30 27% Monday Jun. 29 July 1 t per share J 29% 30% 293/4 68 "37 *106% 29 107 " ' . *2.700 3,000 • 190 ; • 29 *67% ' • 68% 600 .1.300 36% 36% *106% 107% 200 24% 24% 1,500 • ,2.300 1 ' 25 LOW AND HfGH SALE PRICES Tuesday Wednesday. -July 3 JulyS 1 $ per share V f V5»700 1 26% 1913/4 673/4 — 5,300 . 1.400 26% *29 ,% 86V2 1913/4 36% I per share 35% 26*% \V • 1.100 i 193 % 25 Saturday 36% 327/g $ per share ' STOCK V; ' *,; r. • *)■■-)'''/'" fl- Lily Tulip Cup Corp——No 60% Oct 6% Jan 2 43^? Jan 37 Jan ?6l% Jan 4 . 165 17% Jan 5 3 11% May 6 4>/c Mar 15 49% Jan 3 29 : 64 Jun 20 26% Jan Apr 4 387/a May 16 V15% Apr 15 49% Feb 20 par 28 55% May 23 V17% Jan 2ft : ' 5% Jan 15 Jun 27 liV 29 22 22 ft - Mar 13 39% Jan ; 9% Jan May Apr 1023% Apr 82 Apr 24 68 62 7 Feb 26 14" : 65% Jun 9 33 14 May 13 44% May 14 30% Feb 26 30 -7M' '/»/•'r par 47 —NO par —- 1 Jun 19 37% Jan 86 Mar 13 86% Mar 15 194% Jan 4 ? Lima Locomotive Wks——-No par: Ling Belt Co - 21 102 May 23 103% Jan 24 210% Mar 29 «" 65% Apr 11 47 Jan 3 Jun 21 88 Jan 8 58 Jan 66 Feb 13 2 Lion Oil Refining Co——No par 278/4 Feb 26 : 433/4 July 1 Liquid Carbonic Corp No par 32% Apr 20 43 V< Jan 29 3%% preferred -^————lOO ilS'/a Apr 24 : 119 Apr l0 Lockneetl Aircraft Corp..,.;..,..——1 .31% May 61 45% Jan 14 - Loews Inq;—.—— —No par 33% Jan :3 .41 Apr 11 none Star Cement Corp——No par 64: Jan 3 94 May 31Long Beft Lumber A—J—No par : 25 • Feb 95 35 Jun 10 Lorlllefd <P) Co—,,,... .—10 25% Jun 21 31% Jan 18 7% preferred™.— 100 * 186 .Feb 27 195% Jan 30 Louisville Gas & El A——No por ; .28 ; Jan 3 32% Jan 17 Louisville Ac Nashville —-tOO ;61% Mar 13 / 72% Feb V 6, tftOwenptein (M) & Sons Inc-—-—I V 32% Jun 21V: 43% May- 7 4%% cum pfd series A— 100 104J/2 May 9 107 Jun 20' Lukens Steel Co ——————,10 17% Jan 3 30% Jan 14 42 y* Sales for Friday Julys the Week : t per share I per share Shares 190 31 56%. 57% NEW : YORK STOCK EXCHANGE. V " Range Since January 1 ;V Lowest v Highest I per share t per share' - Elgheat ,-: Lowest Iperihara #per «h<»r« 39 May Dec 72 Dec 52 : 110% NOV 34 *520 14% Dec Oct 525 550 14% *14% NOV 25% 28% 550 14/8 Deo 155 53 *28%; *520, Deo Range for Provlouu Year 194U1 ; 110% *50 : JULY 4 Nov 68 CLOSED HO'/e Dec • EXCHANGE CLOSED Dec 32% X32% Nov —— STOCK EXCHANGE Dec V' 66% Oct STOCKS Thursday July 4 Deo 37 y« . V . • Libbey- Owens Ford Glass No par 42V* Mar 15 -74% Jan .23 Llbby McNeill As Libby.-7'11% Jan 3 C't 15% Apr 15 1,400 ; 2,600 *85 30% . ; 427/a 35 86 par No par /Lerner Btores Corp (new)—No 700 *117% 118J/a 35% jVo .— *■*- 62% 263/4 291/4 106% 69% *191% 191% 29 , & Co $3 non-cum 1st pfd No par 50c non-cum 2nd pfd—™No par ■> Lehman Corp (The) ————1 " Lebn & Fink Prod Corp ——^_5 _™ 32%, 373/4 H' 69% (S H; -_l ' 700? tldggett St Myers Tobacco——23 J.300 : xf Series B™—;V.. -25 100 ' Preferred——100 i 36'/a 30% : 191% 68% 106 ... , 85 . ....jq . 400' "^Life Savers Corp new———-5 42s/a 86 85% - 62 35- 10 ___100 — 14.000 ^' V. i 353/4.. 35% Dec 31 Dec 51 Dec 35 Nov 67 Deo 19 Nov 96% Dec 40 % Dec 112 Mar 35% Nov 173/4 Oct *49% Nov par Inc Lacledo Gas. Light Co—1 —4 i ou tTney ._.™»™Nor par .Lane Bryant No par 4%% Preferred -'.60 Lee Rubber & Tire™... -5 Lehigh Coal & Navigation Co.—,10 Lehigh Portland Cement™.. —25 Lehigh Valley RR™—50. ' Lehigh VaUey Coal-——No par Non-cum preferred -50 1,800 K 61 32% 35 87 1,600 207 62 70% 61% 41% 41%. 36% 36% *117% II71/2 2.500 ; 800 96 953/4 61% • 900 - 7 V 61 ,• 331/4 •a. *205 206 •/ 65%, -13% • *56 r: 600 r' 37% 96 .X* "4.500 29% *02% . -1.200 / ___ 11% 57 13% *95 1.800 29% -65% \ 7.300 13 4%. 37% 33% 300 , 57 30y2 64% — 14% 4% 38% 13% auu . 70 30 64 - 51% 11% 56% 29% *32% 10.300 ,* 90% . 29% 11% Co Krogejr Co (The) f - *45 36% ; par > 1 V ' 58 12% ' -No preferred , : 58 . 14% OQ ; v 1 No Kresge iS-S) an tKresge Dept Stores 57 58 ' *50 67% Jan No par V No par • prior preferred Koppers 41% 203/4 . *69 31% 145 • 203/4 57% $5 *43% 43% 1073/e 107% 413%. 56 85% - >5 V , Kinney <G R) Co - V>9?V *96 57 - Kimberly-Clark Corp_ 25 *243% ' 36% Jan ,.1 67% *66 27 *83 *117% 17% "19% Jan : 36 Aug par 100 cl A 55% *53 -67% conv Kennecott Copper Keystone Steel & Wire Co *51- 53% - .Jan , 4' Apr 34% July 3 48% May 17 163 Jun 28 ——10 (.Julius) & Co ifew Keisey Hayes Wh'l ClaSS Br- 58'A, 68% *57 61% 42% : ';148 6 3 No par. !> -No preferred™. 23 % *25; • non-cum 23% 583/» . 4% Kay ser ^,^7% 70% ' Mar I per share ' 41% 3D*® 30% Oct "46 Dec 152 Oct 10 City P & L pf ser B City Southern 32% 233/4 -*54 107% 41% 41% *19« ': 21% 58 *56 > > Highest ' share 1 Kaufman Dept Stores. 96% , 43% ' 42 *10 -■V 96 • ' 1073% v4l% v per 106 21? 32% 27% *25 97 23% Mar 13 40 v' " $ j •? 100 pref series A 43% 21 i/ ' . 50 12% Kansas 65 , *41% 32% .§8 V , Kan r 353/4 *35% /--21'*rV: 21>, • 26 * t per share No par i 100 3 preferred Kalamazoo Stove & Furn *32%.; 34 ►118 y2 120 353/4 *63' .41%. 413/4' 0 * 41% .rv;.2L. 213/4 1 ' 21 v 21%'v *32% 32% ' >32%' -32>/a *23%o 24 %V> f;■ *19% 21% 57%? 58% /* 57%r 58% *54 65% i. *54 ~ 55% 67% 67% *66 • 67% • ' 26 • 33 118% 118% P •u653%»* 653% st "■ Joy Mfg Go 118% 418% 36 —I share Feb & 5% • 33% 32% v- par f per 37 1 • Lowest > Chicago RR stamped 100 ' "Jones & Laughlln Steel No par 52% *106% 107 •• Joliet Range Ginoe January 1 Lowest ■. t Highest : ■* —,1 Johnson it Johnson__ 4% 2nd preferred ser A «' .180 3%% V par No paf 100 AV*% preferred Johns Manville Corp ' *137 Par —. Jacob* <F X) **» ^ ^ Jewel Tea Co inc V > Interstate Dept Stores 1 Xntertype Corp : Island Creek Coal M preferred——,—^ 113 V1 150 Range for PreTiou* • ***• Year 1946 . ; EXCHANGE r a: VV -t%:V. <%-.-/• • .V-' ■ h., V'"' 15% Nov Dec *21% 24 ?l'/8 21% 32% *43 43% 41% 41% 39% Dec 6% 6 9% 6% 7% Dec 93/a 11% Dec 15% 15% 18% Jan 49 // 42% Dec 6% 9% / 9% 15%. 16 49%; 49% *110 '112/ 40 3% 41% 27% . 42 35% *201 204 ;V 58 s/8 59% 110 V8 15% *53 V. > 16% 54% *1.11%: 112^ 58%V 59 ; 38 "36% *115 V 116% 41% t 41% 40 .40 61 108 v ■V 153/4. *533/4*111% Jun 42 - .203 57. V *109% 111 v.;'.- 15% 153/4 16% 543/4 *533/4 54 V *iii%vii2v^vy • '58 58% 37 37J/2 116 ; ;54 112 . :/ 543/4 112 63% Deo 48 NOV 33% ' : 35 .203 56% 110% 67% . 35. 204 112% Dec 243/4 67 *40% 35% AaV;58% 110% 46% Dec - May 53% Dec 195 109% Nov V 16% Dec 55 V Oct 114 116-1 ,41% '41% 323/4 Dec 43 Nov 36 ■V 35 Deo 108 V 109 y4 Nov 30% 27 119 : 353/g 25 Dec Dec 41% 119 V 119 Sep 65% Deo 70% "29% - /•» r 40% 28% 62% 52% 51% ; 34% *201 111 V 40% 42:% • Oct 111 ^12 28% r 67 »40%r ". 35% * *1103/4 28% *66 *40% V/v, 48% - 251/4 Dec Dec 30% Dec 25 Dec 106% J06% 1093/4 106 y*: 106 y« 1083/4 Oct 473/4 Deo 29 5/8 Nov 87% Nov V 56 3/4 32 3/4 For 58 r 33% footnotes see page 166. Oct COMMERCIAL & FINANCIAL CHRONICLE 162 A j94d NEW YORK STOCK RECORD LOW Saturday July 1 f per share STOCK 65 EXCHANGE 57 42 P 17'/6 r 63 :64- ;' 18 ; -51 *115 120 *42 "r 42 •7,-.' 12% 12%" y 12% . 42% 41% 41 65% 64 45 v 744% •7 45 v 41% P^r42--i : 170 »;v 13 25 pp .1 26 1 . > r-'p. ;-v^ ■:■ ;>rr :i\ ;v.s: y v; y .135 93%:, f.: *54 7; • ; 42 *40 *132 ;■■:■, 1 92 ;7; !26 "■ ■Zv'V; ■: v',-. >: 53'A 53'A 31% 293/4 30% 30% >33% 34'A -347 ' 59 7, : 21 V ~ 59 60 ' 21% , 106 • '■'lr r. .v.; 43 ■ 7 77 18% 19 v "7 ' yy 28% 49'/8 49% 65'A 65 23 Va 28 31 *30'A 19 Vi. 32% 33i/a 7*199 7719% / Murphy Co ' 17% 49'A 49% 300 67 200 10,500 43 : > 39 28 3A 3.000 18% 183/4 2.800 22% 800 >303A 31 32% • 100 33% *201 7.800 203 0 29'/a 28 3/4 19 1.300 44 4.300 1.600 20% 20'A 20% 20 20J/4 1.100 41% 42% 42 42 >/a 5.800 77- 32 '/a 33J/8 32% 323/4 2,900 7 * 89% rr-, 7* >7 913/4: / •: 107 7 198 % .30% *105% 107 % 38 7 37% /199 200 *170' 171 / 31 34% *34 J/4 34% 63 >A •62'A, 63% 10% 10% 100% 100% 11 10% 101 % 100% 100% 100% 100 J/a 33% •33% 33% 22% 21 21% 33 y4 20% 33 J/4 21% 27 27 27 27 27 »/4 105 y4 105 J/4 V 34% 105 J/4 105 »/4 P 11 27 »/4 27 % 27% 105% 104% 104 >/a 21% 22 J/a 22% 13 13 13 LOW Monday Jun. 29 7 July 1 STOCK *66 ( per " 69 112 7 45 108 60 45% 43 433/4 •107% 108 *58 108 •: EXCHANGE 25% Jan Jan t " 36 Deo ^U7v.;,:Dec: % May 31 Jan ,7 ; 17 104 y4 May 29 30% Apr 21 62 \ 4 56 47% 29 53% : 16% May 49% July 49 7 20% May 6 - 42 * May 22 54 Dec Mar v Dec 213% Jan 7. 33% Dec 23% Mar ■:•:■•■; 32 y4 Oct 31% : 473/4 Dec 18% Jan 9% Dec Jan 97% Mar 109 y4 Nov 8 2 Jan 20 55% Feb 15 70 . 11 Jun 25% Jan 15 Jun 26 v /Dec 27'% Apr 24 3 8 61 i 6 114 y4 Jan 6 60May 41 / 24% Dec h May 31 109'% Feb Dec 76 Dec V 21 3 Jan 663% May 29 22% Jun 13 26 Dec 7: 34% Dec 7 79% Apr 22 36% Mar 21 100 52% Jan Jan 15% 41% May 31 25% 56 *130 : 131 131 t 30% 16 Jan 35% 4 Jan •109J/4 /' ,. " 108 . y 25% 25 J/2 *52 y2 54 J/4 *128J/2 *30 V 36'/2 ' 75 36 J/2 108'% 100 101% July 26 '27 Jun 108% < 19% conv ' > 26% Jan 42% May 10 ■ • n' ,12% May y 8rl5 '*< Feb ■ $ 26% Jan Dee 33% Mar 107 % Deo 29% Dee — 53 J/2 Jan Feb 8 32 Jan 100 pfd_100 107 29 Apr 4 .—No par —No par 100 44 120 100 No par No par No par New York Dock $5 non-cum preferred - Feb 30 ! July 16 21% Jan 32 Jan 61% May 29 103% Jan 28% Jan 41 Mar 162 Mar 113y4 Mar 18 106% Apr 30 18% Jun 28 1 10 37 J/4 Feb 16 41% May 28 76 May 3 325 Feb 19 102% 135 28 3.90% pfd—100 58% Oct 35% Dee ' 35% Jan . 7 Jun 27% Deo Mar 45 24'% Feb 27 Jan V xl6% Aug 18 2 57 27 69% Jan y 20 275 —80 6 -109y8Jun 19 34% Apr 5 24% May 9 Mar 13 May 22 Jun Jun 28% Feb Highest * t per share 28% Deo 30 ■>, Jan V',761% Deo 103 Feb 108% Mar 35 Dec : 37 Deo 106 V Oct 1 ■ 109 Nov 105% Jan 110 Nov 32 Aug / 47% Deo 18% Jan 88% Dee 111% Jan 30 50 Apr 20 45 ' c share 15% Mar 30 110J/2 May 27 26 Feb 26 54 $ per 43y»May 24 j 9 24% Jan 100 Feb 104 1 preferred 79 108% Apr 4 ;/ Mar 14 ; 110% May 28 40'/2 Feb 26 10 preferred series A 32% Jan 4 106 1 New Year 1945 Lowest.// f per share 3 No par serial preferred—100 N Y Power & Light Deo 24% 10% Jan Highest $ per share / No pat N Y SLlpbidg Corp part stk 1,100 36 10% Jan — Nov 85% Nov 65 Apr 22% Aug 15 Jan > 18 Dec Dec 14% 7% Jan 24% May 27 19 16% Mar 15 . Jan Dec Range for Previous N Y ft Harlem RR Co 420 • y; Deo Jun 59 - 32V Jan 29 v 26% July 106% Mar 2 102% Nov *101% Jan 24 V Jan V Apr 25 25 21" p 33 35 Jan 1 38 Lowest N Y City Omnibus Corp v i 19 J/8 1, /* * .: 6% 1 800 " 108% 19% 72% May 17 12'A Jan 24 - 37% 16%-Jan 21 Range Since January 1 NY Chic ft St. Louis Co 400 285 : 51% Feb 26 80 % Feb Jio pat 26 y8 Nov Apr 10 34 May 16 41% Feb 4 29% Feb 25 19% Mar 13 1 Deo 54% Nov Jan 13 Jan xl01% Aug 25 8 P173 9% Mar 14 10 37 < Dec Jan 22% Febl3 100 4 76 (Z 35%: Jan 67% Jan 29 1 33y» Jun NOV 25 400 New York Air Brake— 18,300 ,/■ New York Central / : *67 19 2 3 Jan 24% Jan ' 199% Newport News Ship ft Dry Dock—1 700 30% *255 . 4 J/4 % 2,300 131 75 *108% 9 °30'A Mar 14 , 13 - 167 t 40 . f 152^ Sep —10 New- Jersey Pr ft Lt Co A% 100 - 25% 54'/2 131 285 18% 45% Apr 22 41.34% Jun 14 93% July 5 81% Apr 12% Mar 108 No par Newmont Mining Corp ; Newport Industries 1,500 : 61 30'% - ___ 61 - 4% % 1,700 : 28% *66 108 3/a ? No par — Newberry Co (J J) ;Z 3%% preferred 30 ; 108 *255 ■ Feb Jan 165 4 13%.Jan . 103% May 21 7 108% Jan 24 32% Jan 3 40% Apr 17 : 24 v Jan 195% Jan 12 204 Mar 19 17177 v Sep " No par Neisner Bros Inc , >' > 700 43% 75 18% , 48 Par Nehi Corp § ; *, - 46 43 40 108% 4 2 65 100 . 500 112 ♦45% 7 285 18% May 31 22% May 6 31 y* Jun 29 EXCHANGE 109 *66 108 3/s 8 37 NEW YORK STOCK Shares 28% 40 21%Feb Oct 20% Jan 45% Jan 29 Feb 26 24% Jan - 23% Mar .181% 3 32% Apr 10 Feb 25 34% Jan . 9% Mar 13% Jan 1 37% May 205 % Apr Feb 20 Feb 20 * 17% Jan f .100 Sale* for • •108 . ; ' ;.V 24 No pat 10 * 2 34% Apr 17 17% Mar 13 No par ' 1 J- 4%% preferred National Tea Co Nat Vulcanized Fibre Co Natomas Co——^ . 20y8 Jan i 16% Mar 20% May 28 28% Jan 29 37 No par $2 conv preferred, 34% Jan i 30% Feb 26 5 new National Supply (The) Pa 1,300 36 *36 J/2 *36J/2 10 ; the Week 69 *35 7 > Stores 250 27% *255 e Apr 15 16% Jan 3 20 % May 6 26 Feb 26 4 preferred 3 24 j 0 National Steel Corp 2,100 •106% 108 JULY 4 29 60 ' 32% 1 1 1 National Sugar Ref Co, 4,600 *66 CLOSED , 108 54'% 253/4 54'A 773/4 v718% 45 .50 National Power ft Lt • 45% 60 59% 25 % 112 28% c 30 :.z- 3oy4 285 7Nov 135% Jun 108'% Jun 27 10 Louis St. v 22% 27% 43'A 108 : - 28'A ' 283/4 • 40 *66 *255 •109% 43'A 31 *35 v •106% 108 45% .: 45% 132% 30% ; 26 178 No par 400 1 $ per share 108% i 60 131 '7 69 1081/B 1 56'/2 *66 '5 Friday July 5 STOCK 36% 26% ■25% 52% stocks Thursday July 4 I per share . 27% 36% 283/4 7758%7 69 *109% 112 7 v 7 28'A 273/4 28'A 37 • , # per ehara 108 46 3/a 108 - ■■ ' ' July 3 >108 y8 109 44'/4 22% Wednesday *36% 45% 49% Jun Jan 2 20% Jun 26 . ion i National Oil Products Co 300 7/37-7737 PZ PRICES *106 J/2 109 *1091/4 SALE share *66 . 37'/2 *108'/a Chatt ft 16% Jan 2 104% Jun 27 National Linen Service Corp.——_V i 8,800 a2% ,12% I *273/4 108 37'/2 HIGH 37 J/a vi 37% ; July 2 275/s *106'/2 AND Tuesday 7/ ;•'■!■ S per share 27% • Jan 36 51% May 21 22ya July 5 2- 5 Jan 29 16 y4 Feb 1 new 1,700 P Nat Mall & St'l Cast Co 21 38 r 1,400 i ? 34 12% • 30% V 21% CLOSED >33 - 20% 37% v. -. 2,100 10% Saturday 44 1 Jun 5% 16% 8 16 — •■ 23 15 __ Deo Dec 37, Jan Jan |vg6 % preferred B 18,400 11% , 124 Apr 36 National Lead Co 7* preferred A 400 >30% 21 %" EXCHANGE 10 34% 33% $ per share 300 171 30% 63 100% J-V : 202 : *62 J/a 34 63 11 . Jan 173/4 Jan 24 34 y4 Jan Nat Distillers Products Nat Enam ft Stamoing fv 4,700 t *199% 62J/a 105 % Jan 52 26 ' • *170 • 35% " 77 13% Deo 109% i. 22 J/4 58'% Oct 70 27 26 23,600V National Gypsum Co 20 4: • $4.50 conv preferred 37% 30% • ' 200 106'/a -61 .: Inc (G C) Jun Oct. 7 '26% Dec 7% Mar Mar 25 .May 3V 28% Feb N" VOf 7 new..———5 , National^ Dept 15.600 i 28% 106'A . ' 170 / • 373A ; 199 170 93 vi 7 55 7: "28 38% . 729% r: 30% 91 % 55 28% 38 199'/a 171 y ? 55 28 *1053/4 38% *196'A -34% 88 % i-/\ 7 *54'A *169 Jan « 53 ■ -National Can Corp .10 Nat Cash Register No par National Container .-,.,......,1 National Cylinder Qas Co 1 Nat Dairy Products No par 19% 35% 7 107' 32% Jan 116 , 27 35'A 107 29% Jan 7 22 »/a July - 193 433A t*' 37% 12Vb July 5 38% Feb 23 100 19 i:';./V41 %: ? 42'A w. 7% V 36 55 44 Nat Bond ft Share Corp—No par 100 19'/a > 28s/a 129 200 29 43'/a - 75v 1 52 July 5 19% May 28 3 Feb Dec Mar 1.60 13 \ Aug 42% Mar S 29% Mar 13 x45 Jun Dec ' 63% Jan Mar 1193/4 July 28 Dec 14% Nov Jan 53 : 473/4 Mar _ Nashville 35'/2 28 Co National Acme Co National Airlines Nat Automotive Fibres Inc National Aviation Corp National Battery Co National Biscuit Co 42 ,88% 755 Jan 35 ' 26% Mar 18 • 119 36 137 : 25'% Feb 'Wft«h-Kelv!nator Corp • 1.000 20 ,i Jun 25% Aug 1 68% Apr ■40'A Apr 30 11% Jan 3 _ Mywrs IF E) ft Brp, , 36 34% 118 56 111 9 No par 7 8 »17 preferred Murray Corp of America 4% preferred 7,3.200 22 J% 201 29'/a I93/4 X33 100 July Feb No par 43/4% 300 • Brass Munsingwtar 1.600 .1,600 . 353A i 93 par 10 Corp $7 preferred ' 23 28% " 33% i '201 201 Ip 29 3/s 729% :f?7741%:: / 43% Whftftl Mulllns Mfg Co class B 4 110 *66'A 173 26 17% July 5 51% Feb 25 50 / Mueller • : 24 67 .Jun —No par 3.300 31 *22 32 3A Mach Tool 2.400 23 28% 18'/a 19 *30 22% Motor : .■;/' 80 17% J4 Jun 37 " 23 7 7 700 42% 42% 66 722. '. - 60 109 49% p 18% * v.7 17% 223/4 :; 39 30% - .'/v. 43 173/4 *42% 7437777 77*42/77 383A 38% 39 43 38% yy ■ • 34% 59% 49 Jan 106% May 7'% Jan 18 45% May 15 62'% Jan 9 129 A—No par May 10 No par :, 772% Jan 13 Moore-McCormack Lines Inc —10 7 22 t Jan "3 ■7-7 *20% 721:77 106 y *105 22 , ; 22 ,109 18 *64Va : 233A-/ 22% *42'A / 423A 109 109 49%. 64% :' ,: :■-,* 17% : 50% <•' 22 43;r .Z > i 109 ' -y Z 64% i. 22 fc ih 3 16 26 26 45% May 33% Mar 1 61% Jun 156% Jan 1.25 "' V 26% ,:.-' 77 6.600 7 $2.50 cum pfd ■ *57% r.'\ 200 *52% 53'/2 ■: 7. .7100 ' - ■ Morrell (John) ft Co Motor Products Corp 30s/8 '■ 30%', 7-1.700 •33% July 113% Apr 18% Feb 9 31 J/fe Feb 2.50 Co Inc _ Monarch 26 . 21 23 Hosiery New Monsanto Chemical Co 7 ; 7 900 $3.25 preferred series 777777::ioo7;/ 92% 7 Si-10.100!.; Montgomery Ward ft Co ' 92% 7777 106 42% : *493/4 V 21 •105 20% ; : 135 . 43% '■■: 60 59% » 106 22 3A V;:- *109 ' ■? 109'/4 ■ 34 ; 60 ' 20% 106 106 : 777:22% 723'7 ■ : - , ■ 34% ' ■ ~/ ■■■<- 30% 34% ■■ ' ■ 34% 7- v.y,:///— 52%: 30 K ■ 2 May 15 51'/8 Feb 26 20 . 77*77;y70o7r 41 108 12% Jan 100 -56 52% -• . . .t :V - v Mojud 200 Z 77 12 108'A May 10 No par preferred series A— Carpet Mills '167* 167 ' 135 92*A 7% Mohawk 1.100 22% *40%' 168 Mo-Kan-Texas RR - 1.500 22% 21 Highest; $ per share .. 777/7200 ■. Jun 59 52% Apr 7; t per share tper share 2 Year 1945 ' 800 12% 41 ' ; 135- .^■r.fe'34'v.:-. v, "7 ■v 800 7'Y»y^Vl*>: Vi': • 7.'; share , Lowest Highest Jan 1063/a Jun Minn Moline Power Imp] 1 $6-50 preferred —No par Mission Corp 10 •' • • ,7 V ;■■■;•. •54 s'/ t.v56 56 *54 42 J/4 per 38 3 3 20% conv pfd series A Minn Min ft Mfg No 450 7;' 120 ' J/4 41 : , 25"r '7 24'/2 ' 'v': 56 4.500 >. Minn-Honeywell Regulator 2.300 *63'A .64 I *166% V 92% 92 'A i; v; 2.500 / pPmPPPmi 45 yv-:" 't 135 rf / *132 '7 • i >7 18% 12% '■/' ' *132 f. 92 • 42 13 41 443A 167 167 . ■ T v 52 ~ *114 '* *63'A ..'■64-y-/ yy';'- vJ:: 168'A f • 1.600 118 J 51 18 120 f 41 ®/4 44'/a ■•• .41 ' : .J - 64 i-'7— ■ 1 ' .' 7 yvV'1 118 : 18'/s 40 7 64% *63 42% :: 43 '"K ■, 13 41% •65% 54 r , *115 / 43 : > 600 ! ' 17 J/a17% 63 J/2 18 ,18% 7 52 J/2 *67y8 I: 70 118; Vj •52 17% , *<80 7:, 2.700 2.300 ,; 173' 172" v 173/4 63 50 -120 *51'/a 70 118 :j, " ■W 119 18% 41% 52* 173 17'/2 1.100 16 'A 42% 7 8 No par & Co Inc 1. $3.50 cum pfd No par Mesta Machine Co 9 Metropolitan Edison 3.90% pfd—100 Miami Copper 9 Mid-Continent Petroleum 10 Midland Steel Products No par ' 8% cum 1st preferred 109 -Minneapolis ft St Louis Ry—No par Minn St P ft SS M A vtc—No par 400 57 Lowest Merck 1,500 111% 16 42% i • 50 17% >115 51% *170 'V *67 % 69'/2 #56 ' ■ r'7 110 •110J/2 423/4 •118% 119% 49% •' *67'/8 4 16% 42% 52 173 -. 63%■>, ■ 119% :: 52 >170 53'A JULY 111% 16'/2 ?' *108 Merch ft Mln Trans Co 100 : 77 Range 8inee January 1 iv ^^.'.RXCHANGKrt v p';':''.yPpP POT Shares - 65% 65% CLOSED 57 111 :S 16% 43 EXCHANGE 107% :; 49'/2 *44 Range for Previous >NEW YORK STOCK v the Week t per share STOCK 65% 65 J/8 *56 ? Sales for Friday July 5 $ per share 45 J/4 ,107 : 111 42% 69% M8%- V; 63 ,r 16% 173 18 t. *109% 53 172 *67% v 58 yz . a 109 m: 17%;: 43'% 16 J/2 45'A 65'% 65% :V*55 in 111 8 per share ; 45 C •107 % 108 STOCKS Thursday July 4 July 3 •./. share per ♦43% 66 i-v J/2 56% ■' '• 47 108 CLOSED V !;j, I fper share *43 J/8 PRICES Wednesday Tuesday July 2 Monday ; V y. Jun. 29 - HIGH SALE AND 17 ■"* S Jan - Sep 24y# Mar 14% Aug 18 75% Jun 148 Jun 39% NOV 29 Nov 65 NOV 410 Oct 110 Deo ' 48 I i >i48 - .265 'Pft. 7 ' 34 34% ^r.i3%: :i4% -29% i31% lio'/s noy8 150% "751 Z'V. 17 •>:; :2I3/4 - -77/ *109% •■* '""••'/.i-y- ' y ' ■ i ' V . 7 'J 0 17% 17 1103A IT 22; 109'A • r 323A *117 *46 15'A 46% 37%." 37% 373/8 '• 174 174 *174 " 50% ' ■■■ 110% 27% *22'A 32% 114 15 117% 48'A ' 22 J/4 15 118 : 28 J/a 110% 14% 1173/4 118 46% *46'A 37 Va - •115 303% 22 363A Z a -33J/a 1 ' 33% 33% 175 •174 109'A-110 ; footnotes 91JA see 93'A page *109 *32 33% 113 y *110 264 50'% • ' 33% f .: 6,700 '"V- 29% ->.30%, ' lioy* '' 50 : 43 i 50 "'. t 21% : - 1103/4 < 22'A 7 33 *323/e 114 700 y 200 28 15,700 22% , •' 33 200 2,400 114'A 47 »A ' 14% 2,200 119 J/a 118 119'/a 30 *46 175 v • 46'/a 36% *174 . 33% *32 110 - 110J/8 July 1 41'/2 Jun 26 > VP 100 1,500 ' Airlines ——-No par Telegraph —L50 No par Norwich Pharmacol Co 2.80 Ohio 30 33 J/4 200 pfd Oklahoma Gas ft Elec 4% Oliver Corp 4% % 166: 91 91 »A 91% 91% y. v ■ .. 90% 110 91% 100 .: 3,500 - : " preferred - 19% Feb 26 >112 ' 29% 223% 36 Jun 28 27% Feb 26 112% Mar 7 7 22 I Glass Co Jan Jan 115 Jan 2 ; . 166 28 91 75 Jan 2 Jan 2 Jan 30 Jan 7 , _ * Apr 6%-Jan 12% o 100 Apr 107% Jan 16% Aug ani 2 5 Jan : 24% Jan -106%• Jan J® 180% May 7 35 Jun 17 111% May 29 Jan July 46 Feb 11 51% May 22 39% Feb - 26% Mar July I Jun 14 ;120 • - 110 Jun 3 *119% Jan, 14 32 Va Feb 25 No par 12.50 9% 17% 11 Jan 19 14% Apr 25 27% Feb 26 ——100 2.50 ,19% Jan 25 : 10 Outboard Marine ft Mfg Outlet Co 126J% Nov ' 31 y8 Deo 15% Deo 112 Deo - •; 38'A Deo v-: 116% Mar / i 63% Deo 57 Nov >15 Deo 21% Dee * 19% May 15 ^ May 23 • No par Otis Elevator 258 »A Nov Aug 105 V* 114% Mar 13 56% J.an-11 55 y4 Jan 3 , 108%;Jun 26 pfd—20 .—No par Jan 50% Oct Jan 118 39% Apr 20 16% Feb T6 May 22 36 - 219 117 Apr ^ 1 7 Feb 26 100 100 Oppenheim Collins Owens-Illinois - 13 % Jan —6 Omnibus Corp (The) 8% conv preferred A 6% 45 18 convertible preferred—100 ** • ; No par Edison Co 4.40% Ohio Oil Co ' 175 5 Jan • Norwalk Tire ft Rubber - P: 36 37 Northern States Pow $5 pfd-No par 270 14% 15 114'A v 1 28% Mar 13 Northwestern 500 3 11 29y8 Feb 26 --10 I ^Northwest Z 420 r Jan Jan 87% 53 Jan 19 288% Apr : 5 128 */2 Apr 10 ; ',12% Apr ! 5 111 Jan ' 3 Northern Pacific Ry • 1,600 - r' 27'A : 190 246 121 —1 -50 100 Northern Central Ry Co 8,600 r • Z 16% *109 J/a 28 22% : ' 21 J/4 110'A North American Co—■—. North American Aviation 3,700 * -I 16% 22 113 70 117: •42 " 240 Mar 13 45 Noblitt-Sparks Industries——5 i Norfolk & Western Ry 100 f Adjust 4% non-cuih pfd 100 100 - •110% . ; - 13% ; 14 :-y 7 •16% -,17 109 J/2 ■ 22% 33J/4 ■'/*4 117'% UO'% 1143/4 - 28 34- 13% 7 14 48 262% 7'42v:?743^:?< ■■ 32'A 15 - 33'% *46 •125% -126% 30'% >•. 114% 1143/4 - 126 *115 : 50% ' li43/4 '32% ^•. 7 42 y2 *213/4 22% 263'% ♦. . 110'A 142 J/2 50'A 22 J/4 33% r;',V •'*" ypy*'vt vv/y For 110 Vs *' 29% „ . 1'? > 14% 28% '/'"/ ' 34 *22 Vs * • % ~ • y y •/ - • '33% : *114%;i 117%'' 29% ' 30J/2 433/4 : ?'.A2 1261 47% 125'% , 266 / V13% 117% ■ ; , 126 ■ *46 263 48 264 ' , *1141/2 , k ; • >453/4 126 * •■: 7 266 />1251/4 ; ■: . - 107 Jan 13% Jan 23 % Jan Jan 22 %; Jan 74 Jan 58. Jan 112 23% 34% 119 Oct Dee Dec Nov 18% Dec xll8'% Dee 34% Nov 36% 168 Dec Dec 32% Nov 95 Deo 79% Deo V ^ Number 4S0S iVoluifle 164 THE COMMERCIAL & FINANCIAL GHKONICLIT < I x' NEW YORK STOCK RECORD LOW AND HIGH SALE PRICES Jun. 29 ;; Tuesday July 2 Wednesday July 3 $ per share $ per share Monday Saturday ;; ; Jul^rl I per share I per share STOCK Thursday July 4 4 Sales for Friday JulyS ( $ per share 16% 23 ' 79 16% ♦16% 23% *22% 79 '•,',-•'79 16% 16% 16% STOCKS STOCK EXCHANGE CLOSED ;■ 16% NEW YORK the Week . t per share ; i. STOCK Range Slnee January 1 Lowest Highest EXCHANGE Sharee ^ Par ; < t per share ; V '.Vx 22% CLOSED .. 23 79 *22% *77% . . 79 ; . ; 16% 1,100 xxX'xX" »22% 23 *77 Ya' 79/ . i 20 19% Jan 22 , . , , . . v : Jan May May Deo Dec 20 Deo 29% Apr X39% Nov 111 4% Mar 56 Apr 30 1 Oct 14% Deo Jan x80% Deo 106% Oct 27% Mar > 9 110 July 57% Deo 73 y4 Deo 32% Jan 2Y4 Jan 34% Jun 4 22% Jun 17 . 12 29 Jan4 106% Sen 7% Jan 29 48% May 21 . Jun. 10 Aug. 32% Dec ' 10 82 175 13% r. Apr 30 85 Oct 149% Deo 5Y4 jail: 16% Mar , 9 110 X60% Mar 6 99% Apr 25 . Nov 16% Jan 10 14 % Jan Jan my4 Jan 160% Jan . 58Ya Apr 22 , . 48 ' " , Jan 34Ya Jan * Mar 26 111 .... 22Y4 Dec 24 * Apr 20% Apr - , Nov 14 27 .... . Dec 46 17 11% Feb 26 . . 42 Mar 18 34% Apt 22 12 % Feb 5 . v 24 181 . . < 89% Nov 48 . • 23 y4 169% Jun 13 > j 13% Jan 11% Jan 45 y4 Mar 67% Jun ■ - 16 47% Jun . • t per share 48 100 . • Highest $ per share 86 % Mar 19 24% Feb - - Year 194S Lowest I per share Paolilc Amer Fisheries too,,.15% Mar 14 PaciflO Coast Co_ 10 x- 18 Jan 2 * 1st preferred non-cum.—No par 77 Feb 19 -; AA4A:--*38% 39% ,;xx 38% 38% xxp:, 37% 39 JULY 4 '■?. x • > *38% 39% ? I 30 * 2nd preferred non*sum—No par : 34% Jan 19 '' * * x " j 45% 46% 45 45%'„V:.: 44% 45% . 443/, 45 7.500 Pacific Gas & Electric 29 40% Jan 4 ;• >"64 •. 65% AS 65%:,>65% X'/x ' 65 x 65%"■:'65:V:65: 1^000-:v: Pacific Lighting Corp....—No par ;xx 56% Mar 6• i4-:A::yAAA4;'. 40%' 41% 40% 40% > -vx 40% 40% 7^!.40% • 1,800 Pacific Mills new ..—No par ; 40 Jun 28 *155 156 155 156 A: A 157 157 156% 156% ''x\x 70 Paeific Telep & Telega ... 100 V 142 Mar 6 f1 *178% 180% *178% 180%; *178% 180% c v *178% 180% B% preferred, —— —.100' * 171 Jan 3 >v'x;' ■ ¥ :i'A * 8 % - • 8% >; i 8% 8%'X X;;7,x>'8%/'X' 8Y4X ^;Si;^;h^'^'*8%- ■ 8 % ''xx; 2;40<K-Parifto Tin <k>tts0Pd Gorp;^.*^—!" 8% Jun 21 29% 29% 29 29 ":.A -20 ; :-.29%x/ :^^-^^:^*28%: '30;v<'400' Paclfio Western Oil Corp—. .23% Mar 14 10 : 10% 10 10% -: 9%-r10% .* /•. -9% 10' 35.400 Packard'Motor Oar———No-pur. 9 May 0 19% 19% 18% 19%■; 18% 19 18% 19 ; 14,600Pan American Airways Corp..^2% .. - 18% Jun 21 17% 17% *16% 17% *16% 17% *17-- ■-•17%' '400 Pan^Amer Petrol A Transp—^..8 16% Jun 26 52 52% 50% 52% *50% 51 •• •' 49"% 51 . 2 200 Panhandle East Piper Line. No par 37% Jan 3 *107% 109% *107% 109y4 *107y2 109y4 , *108 109y4 4% preferred 100 107'A Jun 26 10y4 10% 10%-: 10%v •-•10%. -10% : ' 10% 10%' 5,200 PanhMidle Prodi * Ref—-1 9Ye Jun 4 *81 87 *83Y« 88 *833/a 85y8 ^ *83Y« 88 ParsffliM Cos me....——.No par 75% Feb 26 i ; *110 115 *110 115 *110 115 * *110 115 - 4% conv preferredL..—^100 108% Jad 10 73 74% 71% 73-71% 72%,- ,^ 70% 71'% ^ 6.900 Farumonnt Pictures Inc—-—«u-l, 53y4 Jan 3 73% ; ,73% 74 74 74 74 *73 76 300 Park & Tilford Inc 1 87 Feb 9 7 A 6% 6% 6 6%. .5%; -6 /r^:-, ; 5% 5Y« 6.000 Park Utah .Consolidated Mines... 1 4% Jan 7 ,r 46 46% . 45% 46Ya. v - • ,-48% 46% <; >:■' , v 46y2 463/4 2.800 Parke Davis ft Co—...No por , 35% Jan 3 /'^31%'r., 32%. ::i-31%^'3l%-« • 31 •-1 31 I ^ * "31% v3iya > '\ • 400 ^Parker Rustproof Oo. —2.50 ' ^ 28% Jan 4'! ' . 20 • 2iya '20 20 20' - 20ya4 -* , ig7/8 i9'/a , t v j.500 Parmeleo Transportatlon^^No par ;; 13 Y4 Feb 26 " 19% 19Ya v 19% '19% 19%. • 19»/4 — 19% 19% 2,000 Patino Mines Enterprises......^ .18% Jun 21 EXCHANGE 5 Range for Previous • . 5% Deo 29% Feb 21 Ya Jan 39% Nov 6% Mar - 17% Deo . ' 24% Jan 29 X18 59 30 Oct Deo 24% Mar ' •76 78 ■ * 12% , 13 x 38% 113 U 23 Ya f 113 : : > 22 Ya 40Ya : 6i 107% 35 ^ 28 15.800 48% *48 32% 49 •31 '-•J'. a v 32% 'x 14% 15 70% 69 y2 43 % . 28% •27 *125 *107 ♦111% 112 28% 112 28% 28% v31> 31 15% 29 31% - *119 120% 153/4 34% 49Ya 48% f 111 111 V *30< •32 33% 33' C 109% *107% •135 *135 ♦135,":.' 13% 13% v 100,100 w v# 27% *30 »209:'->'--v:.:; $ 40% 11% x - 1 ;;XXV 28 i - 40% 11%. 17% 17% *209 XxXf;. 0( 40% 11 17% 17% *128 ♦128 140 ♦90 92 *87 , 20% :27% 28 89% ' 28' *26 27% 20% 20% ' ' 20% > 20% '23 % 23 y2 ^ 23% 55 55 102 ' 28% 27% *. *102 108% 109% 117% 116% 117 135 117% 123% 137% 114 \ 114% ►113Ya 63% 114 62 28% 27% ' 113% 112% 35% *35% 122 *113Ya ., , * % . J" - 27 " 500 5.900 ^ 20% > 23»/4 V/. 1.600 40 66Ya 58 :1 114 112ya f *ll03/4 36 " ' 35% 200 , 3,100 . 5,500 " 1093/a 133Ya 390 950 4 1 J' 114Yi 114 - 62Va 26Y« 3.400 : 6.900 f 100 *110Y4 1143/4 36 4 x.35% 38 600 - . Jun. 29 Monday July 1 .7 t per share f per share 7;^ Tuesday ? : July 2. I per iharai , ■ #pershare # per shareA EXCHANGE 93% 22 Ya ; CLOSED 93% 23 15% ■■■■■ *109% 110% , 15 4.-. ;i5Ya 15 Ya 94 Ya 21% *110 94 Ya 94% EXCHANGE 22 *93 21 Ye 21Ye CLOSED *109 Y4 llOYe 110% 45 45 .28% v; •' 37% 29% 28% 28% 27% 28 38 37 Ya 37 Ye 37% .f ' 27 27%- 27 Y4 i 27% :;' i- 52 43%' 52 *51 52 51 *43 46 *44 26 Ya • *25Ye X • - 45 : 26 Ya . *44 600 ■ ' 25 Ya 112 *111 112 ♦111 108 Ya 112 *109 111% *110 *40% 41 *41 25 •111 00f--- JULY 4 . ; 24 42; 24 24 24 24 96% 95% 95Ya *95 49% 49 49 Ya 49 ' •95 ! 48 Ya *102 Ya 31 105 31% For footnotes see page 166. *102 Ya 31 104 Ya 31 •102 Ya 30% 16% Feb 27% Feb 117 ya Jan 30 Y4 May 27% Feb 25 118 Feb 27 y 13.700 50 45 ; v 38 27 *50 Ya 1,600 1.700 - 1,200 i. x 52 *44 200 X ; i 38 27 ^ 46 200 200 " ' *25 Ya 200 27 .*111 : ' : •> ;• •* :A0yA.-'-A:.0 Jan . 57 l Jan 25 32% July 5 122 May 16 ; Aug 12% Aug Y# Feb 5 Jan 17 71 Jan 28 112 Jun 10 107% Sep 7 25% Feb 27 49 Feb 30 36 Feb 27 41 ]06YaJan 12 Mar 8 23% Jan v 14% Jan 111 44% Deo 74 Sep Apr 113 11 Feb 85 Ya 16 126 Sep 11% Deo - Jan 106 Dec 23% Nov 15% Jan 8 Deo 37% Nov 108% Feb 25% Dec ? May 15 190 Mar 29 15 Jan Jan 39% Deo : 99 14 44% Dec 12% Deo 15% Dee Mar 117% Oct 69% Jun 49% Mar 92 May 28' 34% Jan 18 68 July 205Y4 6% Jan 8% Jan • Feb 27 > 96 Ya Jun Mar 25 35 V 20% Deo . 22% Feb 16 25%' Apr 15 Jan 8% Mar ' Deo 69% Deo y Sep 118% Aug 3 30 141 Jan 25 7 14 > 3 34% Dec 124 105 8 8 Jan Mar 44% Jan 11 48% Jan 7 83 - 210 3 Jan 65% Jan 123 Feb 26 % May Mar 13 10 Feb May 15% Feb 106 - No par Jan 136 10% Jan 2 97% May 17 21% Mar 13 1 1.4% 8 35Y4 Jan 15 110 134 preferred Jan 128% May 1 73 Y4 Jun 10 27 30 % May 16 ? Apr 19% NOV 104% Mar 26 Apr 27 1233/4 Jun 20 ...100 122 31% Mar 56Ya July 27 Oct 29% Nov 29% NOV 117 19 42% Feb ; 71% Dec 115 Jan 47 105 y4 Feb ; Deo 15% Nov 36% DeO' 40% Ded 106% Jan 21% Jan Mar 13 102 -No par Plough Inc new Plymouth Oil Co 25 18 32% Jun 26 x Mar 9% Jan 19% Aug May 9 May 23 76% Jan 22 25 15 6 80 26 41% Dec 108 13 x48 7 Jun 26 Apr 105Ya Nov Mar 12 14 Ya Apr 13 Fetf* 9t Jun 21 18 Ya J"an •/ 3 20% July Jtut 198 Jun 12% Jan 22 Deo 17% Ja n 24Y4 Jan 27% Dec 12% Jan 25% Dec 26% Dec V 313/a Jun 14 2 22 July 1' x21%Mar 4 V: 29 July 1 Pond Creek Pocahontas No par 31 Ya Mar 12 ;; 39% Mar 18 Poor & Co class B —No par 20% July 2 27% Feb 7 Pressed Steel Car Co Inc ...1 22 Ya Jun 20 ' 30 Feb 16 4%% preferred ser A«. 50 54% Jun 26 63% Feb 18 Procter & Gamble No par 62 Feb 26 71% Apr 27 Publicker Industries, Inc 5:.' 44% May 6 67 May 14 $4.75 cum. preferred..—No par '102 Jun 21 y 105% May 22 Public Service Co of Colorado. 20 1 33% Feb 19 41 July 1 Pub Serv Corp of N J«~——No par 23 Ya Jan 3 30Ya Jun 10 $5 preferred-.: —,No par -u106% Jun 20 1153/4 Jan 10 6% preferred— ^.100 • 110Y4 Jun 20 126 Jan 2 7% preferred—.... 100 ; 115 Jun 20 .139% May 10 preferred —.100 119% Jun 20 150 Jan 17 Pub Ser El & Gas pfd $5—No par ll3% Jun 21117% Feb l5 Pullman Inc No par > 58Y4 Mar 14.7 69% Jan 15 Pure Oil (The) JNo par 193/4 Feb 26 28Ya May 28 5% conv. preferred. 100 ? 108 Mar 19 115Y2 Jun 13 PurlW Bakeries Corp —No par 32% May 16 38Ya Feb 4 5 —..——8 Jan 198 ■ , 65 I per share 24 14 Ya Jun 26 ; 19 May Jan 27% Nov 115% Deo 102% Feb 106% Jan 110 Jan 126 17 Deo 138 . 121% Jan 112Y4 Oct 47% Jan Dec 66% Nov Nov X148% Nov 118 Jan 85% Oct 24% Dec Jan 106 May 23% Jan 112% Nov 35 Nov Range for Previous Year 1945 Lowest f per share 19% Feb 20 Quaker Stato Oil Ref Corp. Mar 17 . t Range Since January 1 Lowest Highest EXCHANGE 33 Ya 16% Jan , NEW YORK STOCK 48%f Jun 3 I per share Highest I per share 15% Jan 'S- 400 27% 112 113 v. •41 Ya 24 96 49 ♦102% •30 Ya • : ■ 24 96 105 30% Rel8 Reliable Stores Corp——No par 2.500 : %v '49 Ya (Robt) & Co 1st pf<L——100 100 200 .- 42% ' Radio Corp of Amer— ....No par $3.50 conv 1st preferred—No par Radlo-Kelth-Orp^ium — —1 Ralston Purina Co 3%# pfd—100 Raybestos Manhattan.——No par Rayonier Inc 1 $2 preferred ...—25 Reading Company—... —5Q A% non-cum 1st preferred 50 4% non-cum 2nd preferred 50 Real Silk Hosiery—...——...5 Preferred —————100 V 112 96 30% •; 27% 49% 103 3/4 ; 21% 110% 110% - 25% 41% 94% *44 XX"; 112 1 42 Ya ' 43% Mar 18 109 43% Jun 119% Nov 116% Jun Jan V ; 25.400 , 21% 27 Ya ? 111% 63 July v l4Ya >• 45 *27va- May 111 Shares 23 Ya *93 46 28 X 51 43%' STOCK 38 -45 17 ; Apr 2 35%. Jan 5 36 y8 Jan 21 r ;y: :i:A 16 109% Jun 4 21 .30 the Week , # per share i <-'A'Ay*-' '{ 15% 19% Jan 92% Jan STOCKS July 5 <' x: 21 19 202 Sales for Friday Thursday July 4 '• Wednesday July 8 v x-v;'23% STOCK 11 17 Jun 132 3 LOW AND HIGH SALE PRICES Saturday 40% Jan 14 13 65 14% Jan 36 Ya Jan Mar 13 Jan Jan 25 . 710 »•. 160 62 26% i Dec 96% Nov 43% Nov 38 y4 Nov 51 Ya Jan . 530 1353/4 114 > ^ 62%. 3.100 27% 27 3.000 ? • 121% 121% ,, « - 46 69 , -100 56Y4 115% 116% -< • 300 1.400 108Ya 27% -, 21 103Y2 103% 39Ya 40 : . ^ 1 61% • 1.000 663/a , 27% •* 27% 28 56% 122 135% 10 200 rXS 1 -"'A?; *55 > • > 117% 134% 4 '62% 63% . 115% "-SY •■' ■' 28 23 Va 27% 108% 109% f 80' *38y2 20% , 40 27y4 ' ■ 120% 121%1' 135 136 27% JL03% - IA: 27 21 , 58% 39% 27% 108% 35% - 67 57% v 40% 27% 108% ♦110% . 56y4 67 58% 102 > 40 ; *55 67 57% v 1 23 V» 663/4 121% , 39% 207/a 39 Nov 30% Jan Apr 22 49 106% Apr 12 10% Mar 13 Pittsburgh Steel Co —No par 7 % preferred class B 100 <r:5% preferred class A——100 5%% 1st ser conv pr pfd—100 Pittsburgh & West' Va—100 PittS Young & Ash pfd .100 Plttston Co* (The) I' ■0AAS A.000 21 ' ' July 1 May 22 49 68 38 ? Pitts Screw & Bolt 1.600 t ; 28 20% 39% 17% 140 l X 91 Ya 89X 89 ♦26 27% 39% 20V4 17% *198 xv ' 27Y4> 27% - • *128 ~ ♦90%. •198 v':X-.X-x .■ 27% ' 27% • ' 91% ♦87 : 89 27%.: 27 % ♦198 ' • 140 ♦90 %: 2.900 >; 2.900 Apr 24% Deo 46% Nov 115 202 May 15 .100 7 Jan 14 7% preferred, .100 x 203 Pitta Plate Glass Co—.—.—10 39% Jun 21 1 —A' 40Ya 113 2 27 88% Jan Pitts Ft Wayne & Chic Ry... 11% Jan Nov 20% Dec 33% Aug 37% Mar 47% Feb 16 19 111 < 23 Dec 20 25 __25 Pittsburgh Forglngs Co 500 . 20 Jan Dec Feb 111Y4 Jan —No par Pitts Consolidation Coal Co...—1 3.100 . 36% Jun 17% Jun 33% Deo 30% Deo 27% Jan 24 Apr 26 32 y4 July 5 Coke & Chemical Co—No par $5 conv x'". ':' 70 24% x25:i%K'x *26 Pitts 28 Jan 100 Pitts C O & St Louis RR — 3.000 ' r : ■ 11% Aug 9 115 32 r, Pillsbury Mills Inc / $4 preferred 300 •197 40% : • 109 Ya 13% 13% ; ■101 Ya *100 1 26% ♦209 40% 11% i;- ' ' 24% •26 34 Ya 200 - May, 49Y4 2 43 —No par 100 No par .—...5 >< 7% preferred^. Phillips Petroleum Phoenix Hosiery 3.500 72 21% Jan 30Y4 Jan Jan. 12 100 4% preferred >.3.60% series preferred Phillips Jones Corp • *135 1 , .100 ( 33 *107 Ya • X 300 -150 70% ♦33 Ya ♦197 J V. *197 32 *32 •- . 9.900 . 127% 70% 101% 24% 48% #123 13% *100 i <:• > ■ 3.300 *110% lllYa 4 •!(%%,105% ' • 5.000 J an, 1 89% Feb 4.4% preferred ..J00 Phila & Read Coal & Iron.. 1 Philco Corp 3 Philip Morris & Co Ltd 5 50 J? 151/4 343/4 48 .) 109% 12% ^24%^25-xv *26. 1 ^ 5 120% 15% 34% 33%; :^3^ *107% 109% 32% 34% ; . 127% 71% 33 *33% •' ; 33% ♦107% 71 *30% *125 i 70y2 , 29 •na , ... . 32% . . 32 *30 127% 70% 112% -V ... ; 5 9 16Ya Feb ; x40 • Pfeiffer Brewing Co__—No par 1.800 Pfizer (Chas) & Co Inc..*.... 1 7,000 Phelps-Dodge Corp ^..25 740 Philadelphia Co 6% preferred 50 • 90 $6 preferred No par 6.400 ^ Phlla Electric Co. com No par 2.300 $1 preference com.^, No par p 753/a 29 - 30 44% 75 y8 112% 120% 49 433/4 \ 35 ; 79% Jun 57% Feb 45% Jan y 21% Jun 26 40 May 9 1.000 ^ *110% 111 104% 104%, 32 *125 14% " 69%> 70V4 31% 48 111; 104% 104% 2.900 , v 29 34% 100 12% - 15% i 15% ' 39 y2 107% .< <• 112%' *119 35% ♦104% 106 75y4 31% r■ 15y8 35 50% 48% 111 t 300 14% 69% 112 28Ya 400 12 44y4 75 ,f. . 15% 34% i 112 68% 43% > ' 31 120% 120 75 13.000 ; *106 > 14% "14% 32% 29 *39 y4 108 12 43% 73% ■ ( ♦106 14% 43% 73% 39 Ya *38Ya - 70 400 109y2 32 y4 109% 12% 69% : , ,129 y4 •107 107% 14% • 45% 73% ;' • 12% 333/4 *26% 39% 107% •105% 107% 12 12% i'r 107 110 ..50 ...10 Peoples Drug Stores Ine 5 Peoples G L & Coke (Chic)—..100 Peoria & Eastern Ry Co 100 Pepsi-Cola Co —— —33 %o Pere Marquette Ry Oo 100 5 % prior preferred -.100 5% preferred—: —100 Pet Milk Co——..— No par 4%% 2nd preferred 100 Petroleum Corp of America, 5 ,100 1,700 4 23% Mar 4 •28% Feb 25 No par 100 ' No par % Pennsylvania RR Pennsylvania Salt Mfg Co.. " 300 , ; *124 X' 129% 28 Ya *38% - 39 Ya 39% ; 61% 109 32 Ya 32% Penn Glass Sand Corp— 5% preferred...—— Penn Power & Light Co *'\!. 41 y8 •59 107 107 107 .- 36% Jan 49 ,Jun 21 36% Feb 26 12% Jun 18 ' " ' ; 1,400 10 109 130% I 3.900 60% - 28% 22% 108 Ya *32 12 % 115% 108 Ya XVi 1.900 5; 800 40% 41% *46% 6.500 . . 67 Penlck & Ford ...No par Penney (J C) Co new No par Penn-Central Airlines Corp. 1 Penn Coal & Coke Corp 10 Penn-Dixie Cement Co new....—7 100 ' 22 y2 X ■i^*59"w *129 > *113 22% V/ X40% 34 "32% :X;:V28-;X 130% r *35% 115% 22Ya Ya ■■■-■ 27% 60 34 ■ 4 37 *35% ■' 27% 108 60 28 ' 48 48% 107 Ya 33 Ya 32% ♦126 •'''!■ 3: ; *12 '' 77 51 Ya ; 38% *38 12% *113 ' fe 41 Ya >:•; 22 Ya :XX,40%' , ■:;x 115% 22% ; . •74Ya 50% ' f 27 37 *35Ya 107 Ya r - 52 Ya i 38% 38% 12% ■ 26% *113 41Ya x 13 26 Ya 49 48 Y4 *59% XX ;'34 v ■' 39 .12Ya- 27Ya *35 X . :K'? 'Si 38% 76 *73 X? 51% / 52% 50 Ya 40% 27 Vi\y;?V.iv tirfi 76 76 X:' 52% 52% ,.sax39> ; ■ 100 5.900 — — 400 Reliance Mfg Co Conv pfd 3%% Remington-Rand new series Preferred with warrants Reo Motors, Ino — —5 -100 —-1 23 1 Jan 28 10% Jan Feb 7 96% Mar 19 78Y4 Jan 15% Jan 3 28% Apr 24 112% Feb 11 7Ya Mar 103 July 87 109% Jan 10 ; 41 Jan 3 21®/4 Jan 3 37 3 Jan 26% Apr 15 49% Mar 6 Feb 43 8 22% Mar 14 106%.Jan 4 Mar 19 95 27% Jan 7 21% Jun 26 95 Ya July 2 32 y4 Mar 13 101% Mar 8 net/. Vnh OC ; 49% Feb 33 6 May 14 33 90 Ya 111 Aug 16 19% Deo Oct 18% Deo Mar Deo 43% Dec 25 Nov Apr 9 33% Feb 4 34% Jan 38% Jun 19% Jan 29% Mar 53% Jun 20 43 46% Jan 36% Jan 46% Deo 11 Yi 28% Dec 39 9 Apr 17 112% Feb 4 125% Jan 17 31 45Y4Apr 22 27% May 11 101 Mar Jan Doc 137 Jun 69% July 143 Dec 17 Jan 22% Jan 3 7 15% Jan 33% Jun 60% 102% Oct May 18 3 50% Jun 105 Ya Apr 4 99% Jan 31% Deo 36 Ya Deo 102% Aug 29 Dec FINANCIAL CHRONICLE THE COMMERCIAL & NEW YORK STOCK RECORD t per STOCK , : 18 Va 40% 'k « " 44 Va 507/a 107% 34% 19 '/a 40 V4 33% 18% 40% 33% 33% ■ • ; | "44% 49%. 49% A ,18% *39 103/a 27% 55 55% 55 ;>* 31% 32%i 60 59 .-■Aft'Ulwv,' ■/ 32% •114Va 114 Va 32% t; / ;v '.57 ,7 357/a' 35 *34% *68 35% 35%;/ 7 *11% 44 Va ; 443/a 22 Va ;*i2% : 44 - / 21% .12% 44% 21% z, • ' % ;/ 21'% 21% 22 21 Va # 22 Va A 27% ; : 26% 263/4 37% '. 36% 367/a ■- ,'f 34 33% *85 ~ 33% ,24 % 'H 82 83 Va ;! / 41% 42'A /., : 34%: V 24% / ; 83% 83%; 11% 51% 11% f, 19V4 A 55%/. *54 / 19 • 53% , 11% 19 Sharpe St Dohme_. / 51% 54 54 Vat / 233/4 t 23 24% , 80% r 23% 19 / 18%. i 81 /: *80 - .23 i; 233/4 , 24 : .24 •23 703/4 ' 24 /■/;/ 68% ;:*23// X73% 75% ^ ; 1 ' 51% 501/2 t :/V49/';••• 50% 1 '* * ?> 51% 105 "t 105 IO41/2 /- 104 Va 105 ; / "*42'/' 43 V" 43% ' ' *42 43 49% r.42 -7 ■/;'/ 6%6Va 6% .56ya / 0/' 56%' 56 v ► 54% 190 / *182 , r t 61' 85 25 .31% ; /A :t/ 44 48 Va // ■7;. 47 Va . ■ /,22%' ; 46 , 115 49% r 131 7 131 •/; 131 y 140 141/ lv 141 .. 53 ,55%;/ t 64" , , 46% • 47 % " ■78 77% — 21% 48% 775/a • >% ^4% " '21% V,:} - 51 37% *108% ' *50 110 58% " <300 * 121% 37 22/''/■/ . 245/a :t ( 36 21 215/a // ■ 21 Va *108% 109% « ■ 77 76 ; ^ 90 ' /: Va t 24%. /. 21 i > /:■ *75 7 120% 12% *' *• 76 7/ 3.600 < 600 62 -53 •. 4 .. - 51 51 Va h ^ * 33% •" 53 /i/r- *31% * ■ 150 150 149 3A 1493/4; 1493/4 /t r 700 1493/4 51% 51 51 51 ' 50% t " '. r i45Va 44% 40 Va 323/4 : 107% /■• *167 12% 14 13% , 13 32% *107 V ■S '/ » « I . ••, : 44- Sunray 33% *32 Vs .107% ■•l.'I1 12% ; 177 .. Tuesday Jun. 29 July 1 ' $ per there I per thare = f CLOSED " \ 7 — t per share 163/4 *16% 103/4 *23 231/4 233/4 23% . 10%. v - 23 7 - Thursday 64 653/a 163A 64V» 58 61% - 58% o 31%. ; 30% 22 . 62 footnotes see page 166. 64% 65 16%,-.;. 16%. 17 .58% - -. 58% 30% 7 23V4. 64Va 16% 16% -30'% 22 .... *60% 22% 62 . 7 .. . 33% 32 J/a 7 t' 3.100 200 ^ 123/4 '" / 58 ,3.100 Dec 62 Nov 32 3/4 Jan Jan Dec 87% Dec Nov 18 64% 15 80% Jan1 93 11% Jam 21% Dec 60% .51 ■7./ 7% Jan . Dec -May 24 55 . 20% Mar 17% Jan a 53% July ; ; May 47% 12% Mar ; 76% ,Jan 2% 603/a May 28 r 67% 6 7 78% 7-59% Apr 17 38% Jan 33% Jan 56 4 7 783/4 May 13 29% July , 105% Jun Dec 115 Va Aug 49% 33'/. Nov 121 Dec 134% Jan 7 Jan A Dec ,v49% Dec \ 44% Dec . t 68% 27 » 108 ; Dec Nov Oct Nov 20% Dec 4 7 53 % Jun Dec Dec 116 v Feb 10 14 56 Dec 99% Nov 19% Aug 7 5 17 • 108 Va Jan -725 Nov 23% Jan 493/4 May 31 3/ 3 83% 7 Jan 7 5 7 Dec 40% 7 28 149% Apr 6 Sep 44% Nov 7 39 Dec 39 , 107% July Jan,: 7 111% Jan 7 9 May 13 135% Apr 62% Feb 26 . 7 115 Va Mar 21 3 7 -. Jan: i Jan rr May 10 v 116;- Mar 55 Dec 95 25 24%. Apr < Mar- 27 % 39% Apr 10 109%, Apr, 10 Dec 20 Feh 32 . 30 [M;, 86% Apr 1 13 28 712% 7S 80 ,Jun 20 ■7.40% Jan .6V4 Mar 7 27May 13 ■* l 20 Va Feb 24 Va Jan •'■' tmm \ : Switi <Sr Jan . ,233/4 Apr 17 38 % July, 1 ;' 109 Apr 18 1233/4 Mar 25 119% 7% Feb 26 1 31Vt Mar Swift International 31 Sylvanla Elec Prod's Inc > > 3 Apr- J 8 Jao i'A22 51% July..-1 5 730% •: Feb 28 11; Feb 28 , 7 Apr Dec 39% 17% Jan - 24% Dec 62 Nov 38% May 31% Mar 29 Dec ; .-,43% NOV Apr 11 16% Jan 109 * > Dec 40 Aug : 741 2ft Dec 137 * /Jan ; 31 7 8 24 Jun 25 v Jun 41% Feb 12 : (18 . Dec 25%; Dec 33 Deq ,Mar 55% Apr Jun 21 9% . 7 Jan May 24 :76 ' Dec • 127% Mar Aug 7.1.79 v. 36% Jan Jun Oct rv 35% May 29 24 160 4 107 18% 109 773% NOV Aug 53/4 Aug Dec '/ I 53% Apr 41/': Feb 2a; 37% Mar 7; May 28 14 Oct Nov 33% Jan 7> Dec 57 ' Dec 22 24< ' 16% No$ 24 Va May 28 '4 28% 10% jan if'; May 17 J10 ,78% Jun 10 . 25% Dec , Jan: 7 >18% » <■ • Jan' 18% 1 Nov 106 10% • 13 '* ** " 44%. Apr ■■• 12%, 7, Ltd No par 7 preferred -No par Symington Gould Corp— -<1"'' Feb 23" i / 17% Feb 25 100 < 28%;Mar 14 pa*,7 115 Mar 5 25 7,36 Mar 5 100 38 Jan 21 10 >7 $4 16 5 39% May 13 26 117' 25 ; Co_ v Dec "47 ::745:7r;Oct' 101% Sep Mar 13 26 Feb 64 I Coh.,— Syperheatec 00 (The)^--^r-JVo Superior Oil of Calif Superior Steel Corp— Sutherland Paper Co— May 10 Mar 18 16% Feb 106 \ 8, ,734:7' Aug <*7 34% July '<26% May 31 7 3t; Jan 8 20 No paf ' v /18%.Feb 26 -J i 7 26%- Feb 26 > H Sunshine- Mining < 61 109 26 7> < cum)——100 1 (4%% 41 Feb 2g 41% Jan 3 105 7/a Jan 9 -7 i AAA/' STOCKS * .' the Week 1 $ per there -7 NEW YORK Range Slnoe January 1 Lowest • V Highest STOCK EXCHANGE < » t per share J per share. Par Shares . IV* Jan : 13% Dec 7% Jan 14 Dec 7% Dec 11% 65 3/4 May 29 48% Jan Jan Jan 133/4 3 9 113/4 Jan 25 19% May 16 Telautograph Corp J 10 V4 Jun 20 13 *22 3/4 700 Tennessee 8 17 Jan 4 —25 1 Texas Gulf Sulphur —No pat Texas Pacific Coal & Oil ,—10 Texas pacific Land Trust —J Texas 8t Pacific Ry Co————100 52 Feb 26 ' 64%' 643/< 4.500 Texas Co (The)- 163/4 .*371/4 16% 7.900 Texas 57% 1,500 30 _ 2.600 22 '/a 22% 221/4 22 3/4 5.300 61" 61 ' *61 "" 62 500 9Va Mar Gulf Producing 48 * Jan 4 42 Feb . 3. 22% Feb 25 10% Jan 3 26 Highest $ per thare 15 Talcott Inc (James) 300 Corp I per thare Jan 1.000 lOVa 23'/4 16% - Range for Previous Year 1945 Lowest 25% Jun 16Va ..10% CLOSED JULY 4 ;, 37 24% Jan Feb 103 'Feb 26 106 Uric-i—Xl—12.5ft. 9»In for Friday tJuly 5" 293A , Jan Jan 38% 13% Jan 29 7 5 14 "Feb 28 37 7 1 —-J preferred—No par Sweets Oo bf Amer (The) 30 % 57% ■30Va, 26% 17 • 17 EXCHANGE ''"STOCK - ' , Nov 30% Apr 23 „ 125 Feb 26 42% Feb 28/ - ,i.,..- July 4 I per there . 10% 22%. 1.200 5.700 '1.800 40 Va 3 6 20% May 22 33% Feb 21 Corp Oil Corp , < Dec 6OV1 Dec 180 Apr ;V --- £ 16% 16'/a 16%;,, *10% July 3 ■$ per.there ■ 103/a;.103/8 16 STOCK ':•. July 2 ■ ' : . 300 1.100 72 ■1 SALE PRICES Wednesday - LOW AND HIGH .» Monday Saturday ■' 7 441;:' 1.08 36% Apr 90% Jun o 1 114 Sunshine t Biscuits, t 3.600 51 39% 7 13 7: No par Class A pfd 6.,600 ■; 7- t7 Chemical Sun Oil Co 3.300 v 20% , ■ Webster-—— $4.50 series A 34.800 32 , 40 Va 155 Dec Jun ,96 93 % Feb 73%: Feb - Sun ___> 110 152% ,, 20% Aug < ■■ 3 Jun :65/" 20V4 Feb 26 30% Jan> —8 Corp fltudebaker Corp (The) 600 53V4 *70" ' h ■ „• „ 12% 12% . ;'■//: 33 107% . •■ 7'T*)^ anv, 7 33% ;; 33 / 33 107 Va / ' , 72 393/4 /: 33 Va 33 Va 333/4 33% 44V» "*68 /, . 40 39% 33%-1 33 Va S107 r. "72 *68 74% 393/4 --44 %, -44%(- ' •70 *• 44% r 50%. // Dec i 7% . R 39% July ? v —5 v 10.0 7 '.-Jv .7 /-•145 * 51 ' 18% 1( Mav 70 40% Feb 20 7 No par 3% preferred Stone St 2.800 • -> 12V4 20%- Oct, Jan 333/4 May 27 3 29% Jun 20.' —5,y. Sterling Drug Inc common 13,000 ■ (The) L 8 Stewart-Warner 75% 33% 593/4 Feb 7 ——-1 Stokley-Van Camp Inc 5%. prior preferred 122% „ 5 60 Va May 11 193 V 40% 13% '3 v 8% - •» —-—50 4%: oonv preferred Starrett Co 1700 • 20 Va ><•"^7:;. '.•• *3i^- f 15 Va Mar No par' 7.3%%' preferred series A Standard Steel Spring—^ 1 Jan 92% Jan —J. of Ohio 3.900 7 ' w. 20% / 32 tcA.,. 20% , *32%* va "32 Va '52 . ,20% ; 20 Va ?1 Va /•/ 20% 1-33 V" 29% July ifM 4% Aug May 15 18% Jun Feb 2 7 9 It • 2.500 > •' 36% ■ Deo 7 ~'A:' >200 21 Va ;-,'712 *"fv; • 96 15 Jan 7,48. 7 -c No Par / .112; Jan 31. -No par y / 41% Feb 26 110%. Apr, 12 No par ; preferred Standard Oil : 10 Va May ,7 7 . 23% 75 Va I2i% >10 25 10 —100 100 21 $4.50 preferred- Standard Oil of New Jersey 7 .7 *108V4 "409% 120% 12 Va " Jun 55 V* May 27 Feb 26;7 Jun 28-, 84 7 1.900 't '20% -/ 7 '.v7/: 24% 91" 81 Standard Oil of Indiana——25 '• 36- • Dec Dec 105% Jun , 7 -No par i—I No par t. 9 > No par , prior preferred— $6 13.700 ■ • Dec 65 % 22% 24% Apr 17 483/4 Mar 13/ 12.600 < 20% '77 21% 16 5 lv No par 2 preferred $4.50 400 108% 21% *108%- 109% 12% ; 4t' 11: Dec " 23.200 35'% I 21% / 20% Jan 54% Mar 13 ,f -50% •233/4 " May '.Tan » 22% Jan , Standard G A E Co $4 pref—No par 1.700 7' - Nov Nov 85% Jun:. 7 33% Feb 26 • t. IT prior preferred ] No par Ptand&rd Oil of Calif—.Jlfo par <v •* .35% 7^ 75% /:/12% 20%- 103 Va 51 Railway Squibb (E R) & Sons New $4. preferred / > 4.300 107% 7'v> -20% 30% Mar 175 25 7.50 Standard; Brands, Inc 2.500 ' 55y4 ;77 7:7777 44% '27 Va Feb Jun 20 6 j 5 SQuare:;D Co new common— 700 f; : 11.100 *107' May 31 15% Mar 14 0 No pat 5% pon-cum preferred _10Q Mobile & Ohio stk tr ctfs ,100 Coo* 70 2.100 46% ' 46% n*Af "78 - V ;'- ' ' Dec 7 JPeb 2ft 7, 34 4 No par 3plegel Juc_ ' ' For < 7 : 56% k 56% : 1213/4 - *120% 12% 42%-; * ■ *49 ' ■r'' 36% ;• 37; 203/4 7, 20 Va 21 75% . 1213/4 J i'7 : 7,,21 109 Vi' *108% - 21 Va 87 ?0% * . - '38% W t/' 36% ■ 17-724 % r 7 ; 735 .21% / 7. 21% •t; 21% 21% 21% 1 7 7 "- 7: w7 ' - ; 57 96% *108%' 110 ; :. ;v 110 35 Va v *120% EXCHANGE 7 6.000 r-A'77-'.: 49% .49% . V 57 35% 7//t; 24% 24% 7 7 w7 «/: - 777 ^ 51 *108% /- t. 36% ..g4%/ . 53% -54 7.54% 56 ' 141 35 V4. 55% , 66% Jun 26, Jun $ Jun 21 100 Spencer KeUogg A Sons Sperry Corp (The) 8ploer Mfg Co 300 6100 *12.9 ' ,1417 141'/a ..■>; 141 • 20% .*54 ; 1 51 * i. -46% :6l 104 No par California Edison Dec 3 v45 : ; 1,7 preferred 12% 56% Jun 8, 22% Jan 7: 10Q . $5.51 . '; 7 19% Jan : Porto Rico Sugar 36% 6 Jan 28.' 54. / 722% Nov 7 70% 3 .14% Feb 21. Jan 6 .. 433/4 Jun 7 13% Feb 26 / Spalding (A G) & Bros Xnc...~..~»4 Sparks Wlthington No paf Spear & Co_ ; 1 50%. 131 4 - 50 . " "54% - - '/ 47 /t" 77 46%,. 47 •7V 78 //;/ : 773/4- 78'/a 7/ '29 ' 29 ' 29% -7*107 107% / ' 107% 21 Va 203/V 21 ; .28% *107 107% /*■ ; 55V4 > ; *'.4 7 131 131 - 7 38% May 18 87''. May 16 7 413A Feb 26 ; ; * 47 *113% 4 ■i""/ . - 21% Dec / 115 ..7 -•" 50% 7,50,, . 141 /k 7- 28% *107 1 7 48%. 31 -1' ,115% 1157/a . 24% Oct 114 Jun 16 35 V* Feb 7 10% Jun S preferred, cum Southern " ' 28% :1 ' 8 Jan Southern Pacific Co 5 ;-;7 42% - '43 ...7-7; '7 *113%" 115 777 ~ 131 V • ■ \{l • ■ .50%, '• H■ 22% 77" 44 • *1143/4115%;'47%, i 7,. 46% • 47% 7*7 47% ; *113 52% 51% fr 22%' 44 •• ?:/ "/• /■7 114% - 17 18 Jan 127% Feb 26, 15 South 1.300 89 83 ; 27 Jun 113% May .20 Southern. Natural Gas Co *103%' 103 ' "r ; . Nov 7 66 Socony Vacuum Oil Co Inc South Am Gold A Platinum .8% C. ^29%'A"30% « , & Soutnern 22' 5c30%1 ■/...; u-v ;.x83 j. •a-A-v^? J 40 Dec ■?[ Southeastern* Greyhound Lines ' : ' ' 115 *113 ' //:, >:;• 22 Va 46% 1143% // v: 1143/4 *114% -" 82../ ■j, 82 ./;/ 7. *81 .7 84% 77 77' '30% f 31 7:"V7 7 104%. 104% *103% 104%. L04 / / 22% ;ti:.46% 31% 800 b 10% ' *47 ^ ^ "f Steel 31%- /7 7*104 7 1097 109-;. 77* •32% *; ;• / J3i%- 5.600 7 24ya *21 47.3,4, ^ 48 •. . 30% >31%. ■ '* : - '• 47%.; ; 31'Va ' . v t 32s/a 22 '■(' .V- 82 ' Il03% 104 54.600 87 "7,7f,10% . ^ 22 7 , Dec Nov Smith Si Corona Type writer _No par :ioo ( v v , 61 4 S4 10% *21 // •v *104 *46-V - , 60 Va 7*83 14% Nov S1JJ0: preterred. 3%% : 65% 77■• 89 ./ 87 10%: 22 '103 46 /'; .'323/a . 82 n31% / .89% - 8 79 % —No par 13 Iron 20 39% - 65 y2 ty ,,24%; 24% 10%: i 103/4 *21% // 104 • 46 \ .' . ; *85 .. 220 190 7: 30% „ " '23 *103 . /, 613/4/7 ' i2'l Va ; J- 61 :/'• *89 : ft 89 % 25 t 11% 11 „ 66 Va // t / 61%. tt ;; 67 65%. 1.100 '-93' -*39% 30%" 85 , 25%;/' 1/25 • 39% '30% t88 % 891/4 85 " 65%. 623/4 62 ..■*821 r, 30 : . ; J' ; Dec Nov 25% Smith (A 0> Corp_«.—.-10" Smitb (A) St Sons Carpet Co 20 2.100 'i , 6% *182 ■ i '39%' • 303/4" "31 86 1 -69 it 51 ;7^:7y-55%/'-55%' 190 ' 39% // 1 30% " ' t/.139% 39% 39%/' i , .7" 106% *54 54% .553/4.;; Dec 71% 30% 28 No par 30 73 Va 6% 37 8 : 18 91 Va : No par Sloss-Sheffleld *42 7 ^ 43: 7:. 17% -18 Va , \ 55% 55% ,>*182 190 *182 : 54% 254%.;'/, , 7/ 55 * .17%. 18 77 / ,' :/ 6 Va v 6V4/; M 18 % 6% 6}% Nov Jan Simmons Co___— ' • t,:, ■: 17% 18 Va 17% *42% Feb; 16 77 Silver King Coalition Mines 23-' 50 ♦105 . 23 35% Majr 13 , 24 Dec 28 24% Jan . • Skelly Oil Co ■ . Oct 14% Jan . 19 Sinclair Oh Corp • 8% Mar 23 Shell. Union Oil 19 *72 / 74% 7- Nov 28 115% Mar No par Sheaifer (W A) Pen Co 55 *23%, 24 / ' 104% ,• 80% 23 • 56 , No par prer ser Shattuck.(Prank G) conv Slmonds Saw A Steel *53% , J t 70% 7$3.50 18% • 22 ' 80% -•>,.<, 7 Dec 20% Jan No par 41% .51; Oct 34 (7 37 >• Jan' 19% July 7ll0% July 26 17 Vi Feb - i. 20 Va Jan 1 No parA^.7*-No par 83% 51. 26 Nov 32 Va Apr 40% Feb Shamrock Oil & Gas^.— n%- -n% ... ' *80 80% X79 % 20 " : 19 % May 20 111% Jan 73 i Dec 293/4 7 48 ' 89% 41 % Jun 21 , 712% Apr c 77 Dec Nov 7 Dec Mar 49% Apr 9 '23% May 11 , No par $4.50 preferred 40 • 7: 28 ,39% Apr r 31 Sep - 21 8 Jan 18 •18% 6% Aug 19 % 33 9 . f4 Sharon Steel Corp: 1.400 11% 511/4 56 18% 3,300 -23%^ 3 64 7 May ,v Dec 26% Jan Jan 5 >34% May 29 116 1 Mar 30 t 19% Apr 26 10 % May 29 '34% Jan 7 26% Feb 25 7 12 May 3 j* 36 Jan 2. ./ 16% Mar 16 % 13% Feb ; 106 Sep ' . No par g 1 Seiberllng Rubber Co 36% *82 , 10 29 30% Jun 3 99% May 28 65 ; Jan * 37% Mar . v Apr $ 90% Mar Mar Jan 23 / 760 1103/4 Jun ;107%;May 28 37% Jan 30% Feb 28 ; 67 Jan 3 / '77% Feb No par Co. 34 Va ' Jun . 20% 44 Mar 13 52%. Jan • 38 ^eb 20- 113 ; w Corp •34 ' /•; & •2.700 " 41 Va 17 25 50 433/4 Mar 13 ; Servel Inc common-^,, 7.100 ' 11% 52 •:/, 52 , Sears Roebuck Seeger-Sunbeam ,1.000 Jun 108% Feb 7 24% Mar 14 8; 26% ■"* Nov 25 —No Par '36% - Oct '46% ; 1—No par 5% preferred series A w i 100 20% •83 "'»82v/ ; 83% •413/s pfd 26y» v--V->-;r ; - • •- - Dec 40 7 53 112% ■ t-- --/ Dec 23% 14 No par' 20 Va .: 11-7% Jan 3 ; 12y8 Jant 3 / 76 Va May 7 ; 5.000 21 Jan Jan 31% 22V4.Mar.il '., Seaboard Oil Co of Del 35.200 21 98< 14% 6 26 Eeb 26 6% Jun 26 8 Seagrave. Corp J44% 16 136 /24% Feb 26 cum Dec '. 10 8 $3.40 Oct Nov:; Jan 1 U2 y8 ^ •••'■'■ '89% 24 : 300 37 28V» Feb Z -~No po* Seaboard Air Line ctfs 1,800 . 21% * 21%- '!44%i , 34%:/-;-;/^:-t/ :i 1 -24 :/f .42 /; • 11% 52% '; •' 41% IV 15 36% ' ^ 7,*- 26% •85 90 *83 90 / 243/4 24% 34 ; 13 •12 - ; 10 110 Jan >46% Jun 100 , 2.300 1 " 70 ' /;/ Jan 15 Va 2 %■ 1 , 112 Va 36%' /- 58 ;35%> «35% '.20%: 26% 27 • 37 *67 /2iV4"> 2iv» *110%! *110 Va 112 Va t 1 - - 21%; 22%. 21% " • ' 12% 44% 44%' t ■— - 35% . .'-11%. / 21V4 21 • 703/4 35% 13 V* T.700 . -*57% " 87% 2 Scott Paper Co 11.500 * ♦no 110% 34% 34% 1 ' " • 110% *110 701/2 : *69 14% 87% 14% : J, <87 * '/ 3 15 3 2 Savage Arms Corp 3.000 7 Nov 24% 37% Jan a-9 Schenley Distillers Corp new—1.75 - 10 Dec 115 45% Jan 19 Jacob-- 1 20% Jan ■ No pat (N JOSeph Irftad ,./..:--7 Safeway Stores 5% preferred 1,700 5.200 ^114%- • Ruppert, • ' •' V 35 Va '• 35% 21 :: 60% 32% 32% »114 ;. 14% 58 ' * 7 70% / 71% ' -2.200 59% vM , ,.C 87 V4 58 '• 31% > 14% . ' 1103/4 ;-/''35' 36% 34% - - 31% . ' *110 110 110 " 4 • . 114%-,--:- : *114 87% •58 57 : -31% A 32%; /' 54 Va Jan Apr 113% Jan _No par 'The) Jan 11% 1 110% Jan £104% Jan Typewriter Ruberold Co Dec 33% Jan 102% 7 7 38 Va Feb Co 18% 7 1 , Antelope Copper Mlnes^ Royal 700 . 54 Va ^ /60 60 f - ,14% 14s/a 85 873/4 86 % 60 -33 Va" l.OOO 54Va 31% c 114%-: *114 15 Vt. 14% 4 -57 31% f 59 V yf 31% 54Va- 27 Roan 3.500 10 Va. io% Mfg series— Richfield Oil Corp_. Ritter Company 100 , 313/4 Jan 19 V4 20 31% May 28 118 7 ',100% Mar 11 10 Preferred; 3.60% Rheem 3.500 4 18 Va Mar 14 100 Common * ' *26% f preferred--, j 21% Feb 21 ; 40% Feb 16 2 : 7 800 .1.900 ■: 18% "26% ; , 35 29% Jan 7 . $ per share 77% Aug 8 77 >- Highest 1 ■ t per share 17% Feb 25 7 20 ( . t 40% 40 % -10% j; - ,55 :; 30% 333/4 . Xl8% 10% *39 10% 27% • ; X263/4 10% 28 , 48 Va 108% *39 41 10 Va 27% , 48% . 19 1.200 Jun 110% Jan No par 100 No par 5%% copv preferred 100 Reynolds Spring « l Reynolds (R J) Tob class B 10 7*5.300 ' 70 •107Va /,/; 34% 19Va " 17 ■« -150 I';/ 22 V» 443/a- . /.:• 44% 108 34 y4. ; 19% 123 22% 22% ; 23 tper share 7 Lowest v. 7 24% Apr ' 7 10 ,_'_No pat 100 5%% share 12'A Jun 26 Reynolds Metals Co t' 2.000 per 15% Jan 7 preferred—,. conv 77 t Year 1945 Highest 1 50c Revere Copper & Brass : 35% 123 122% 423', $1 Range for Previous ; Range Since January 1 ■:;/■7',A-A/ Par ' .6% oonv prior pld ser A 100 6,400 109 35% - „ 44% • 7777 Republic Sieel Corp 35.900 v, 28 *108% 36 | 387/a 27% ' <• v Lowest Republic Pictures 5.800 *114%" 115% V . . ' 7 ,7ft.,7' EXCHANGE ,■., Republic. Aviation Corp /7.000 is y* 38% JULY 4 28% 107% 127/8 18% '/' 7/.v 3.900 V'. 12% . ;:7:-r.7/. v;;' Shares 20 19% closed 114 Va : 35% 49 ' 108% /y, 48 Va *107% ' 107 Va .39% 38% 114% 125 y.,; 23: 44% h .; *22%; '"22% •48 EXCHANGE 18 36 35% *132 122 23% 44% 44% "122 ■ V/18%^ t §, the Week t per share v > K V *108%. 109 109 *108% 37 * STOCK 28 109 36 i : ■ 12% 18 %: 28% 28 *108 ' 12%.* 18 J' 38% :39% / •114Va 116 /X/ 116 *114Va $ per share 20% 12% ; STOCKS - \- kJkk, NEW YORK STOCK Sales for July 5 / 20 "/ 203/4 123/4 . x ; , Friday >./, July 4 . ■ t per share share 20% 13% 38% CLOSED g per 20% 12% 17% ,, / share 20% July 3 'AA July 2 July 1 share EXCHANGE ' - Thursday Wednesday Tuesday Monday i Jun.29 t per J \rr SALE PRICES .LOW AND HIGH '••• Saturday 17 Va July 3 6% Jan 60 3/4 Jun 5 36% Jan jun- 3 26% May 10 65 May 28 19% Dec Dec 10% Dec 62 *1% Nov 18 % Aug 31% Nov 13% 20% Jun Jan 30% Jan 55% FQV Volume 164 Number 4S0S 165 / i NEW YORK STOCK LOW ' Saturday gill : 'Monday Jun.29 July 1 jpf ,9 per share.fa 44 '> ft '-'•v per share :, ,, STOCK 44%:, 61 . "EXCHANGE CLOSED ^ .62 23 62% shdre^'ff ;.# per 'V.' 61 * > STOCK *22%; 53% 5 ■■ , 68 23% 15% 15% • 64 ' *62 ft, 10% 10% .54 l 112 ,23% 108% jL08% >^'-rp:p:;'i-p'-'V--.25% ft-,jft? " • ' 1 ' -t 26% v^0%, 20%, ft.v 25%: {59% 20 Ve :20%; 50% *26... 26% ;ftft.H 26 58%. 59 , - 58% . - > 51% / *25% ' 28% i U < 41% 19% 54% r, 19 Va 53% 106% i 19 ye '54% 67% 67% ' ■ - v: ;r -• *. » <.> .* • i $3,50 T(lde Water Associated Oil $3.,'75 preferred Tlmken 5.500 Detroit Axle 6.700 Xri-Contlnental Corp $6 preferred 28. i «* ' 400 19% 19% 58%^ 59^; .r • PI $1.50 1,000 ' 2 : 106 29 31 20 16% 24J/a Apr k No par: j 71 -No, parr 16y8 Jan No. par >39% Jan t 49% Jan No | par ■No par ;;! 1 37% .38%. 1147/a *106% , *106% Wi/. 107% 10.7% 117 v* 117 ya 40% '40% 27% vm 28% 155 y2 28% . - i28 v *106% 108% ' 153 ■>. r , 112% 112% AlSli 38 % *112 -*34 . 82 '12% '12% ;24% 24% 5% 24% 55% .55% 56 _ 14% 12% 15 -I'55y» 84 18% 18% 14% Cr¥? J'.'l'.'f 55 *53% ■ 52% «■ n*1> f'i *53 53% **425% 36' 25%; ■66u, 68% *108 y» 108% .. ;54%. ; 25% 65 66% - 63% - •• >V" *1 :^.t' 13% 13% 13% 14% 15 <"14% 28 28% 28 Va . *107% 110 22 .124 " 22 127 *200 % "0;wt ' 205 < 47 :* ;* :*46% ' 60% ft 59% 11, 22 *11 36 .1 I -. 125 • 110 r. AAA I 83. 64% f' Sfl 83 1 600 ' 65% 71 69% 64% , 4 16 va .17% 70% , 170% 8282%.- 71 .170 ■ .70 ft.;.,,. 16 u u^. ci . '65y2 16. it; 170 c>. Electric 1.000 > " ft ' .800 , , 91% *lfc ,: 161 Va ; . . II 9 1 Gas improvement 23. 10% 58% . 300 Mi!! < ft/ft -V \i . . i 15% 117 - . i 117 - \ft *115 26% 17% 1'7% 1T% * *104% . ;*54 , , " . 17% 69% rc 4 65 .' L1QO * >^2%fft82%: 90% 103 98 3A 98% 98% *190 42% - Saturday ft" 11 98% 983%ft ' ft \ft,ft 7; . 4j r * ! '. Jun. 29 ; ■'[.rr,, - -• ^ LOW ANH HIGH SALE PRICES Am 1 . 9 per share ........ . Monday July! Vy ........ - ..... ■ lr . Tuesday Wednesday.. ; . ft'ft . ■ 98% . 100.. 98% ft ;ft...3uly 3.,'ftftftft 9 per sftaro 9per~*htu*-.~ '•■'• 'M ••• . - ft.' fHtayv 4 July 5 -"'•■It'. 'Hl- EXCHANGE 31% , , . ?/>"■:■ - % ,116 ft i,1 ••• •:>. i.- ' i STOCK'"" ftft, .*111%"-116 3A. •.■•473/4. 473A. 48 V;.*1Q7 .108 4ft *107 V 108 ft .11%,. ft^ift'/a-jti-y* ti ft;- ft> ft V'v.119.% ' 119% ' *96% 52% ftft ft; ft, 99 v '-ft 52% 48 *155 : ft,-'.', ft- ■ . JZVf, --.-"->*48^ 840 ft 310 it. 6 -»06% 9ft' ] ,.*173% 185 *155 : ' r.- ■':! :ft. ' .433/4 • f if.-:, • :!■: ^,^;ft?96% 100; >. - * "ft ' 185 - /'lift Dec Jan 82 26% Feb 36 ft" 7% July. 22 July />: .1% Jan 38% 16 33 Va July 133/4 15y8 Apr ft Jan Feb 25 Dec f • 103% 16% 13% '' 21 62 "* May 107% f Jan, 115 Dec Jan 115% Dec 38 Va Jan 343/4 Nov 55% Dec 63A Mar •: 12 3/s 30% Mar ! '» 84 No par 51 Va 6 144% 6 89 rMay . ft Jan ,98 Jun 32 Nov Sep 50% Dec Jan 8% 43/a Jan 16% Dec 98 Va Jan 121V* Dec 16 7 10 49% Jan a 101 3 16 Jan Dec < 25 Dec 5% Jan 9 75% Jan 110 Dec Mar. 200 Nov , 178 10 Apr Oct Nov 4 200% Apr 23 Feb 25 89 85% Dec ,160- 23% Aug 24 27% Feb Dec! 46 r 28 22 Apr 110% Jan Oct Oct 77% Jan Jan Dec 176 Jan 58% 135% 128 31 39 72 " 6 203/e Apr 10 Feb 25 8% Jan 5 11 Feb.16 93/4 Jan Nov 73% Jan Jan Feb 293A Ja/a .14 55% Jun 17 6 Dec 67 48% ; Jan 52 973/8 Feb 166 94% Feb 26 187 May 14 Pictures Go Inc 22 Feb 3 ;i06.- Mar 25. preferred—, Jun 1 Apr 18 21 11% Jan 84% Feb H ^15%rMarl3 ftl' Dec 57 27% Jun 5 80 Jan >4 7%.Mar 20' ,. Dec 16% Jan 187 4 Jun 35 46 ..Apr .24 67-% May 17y4 July .. July 795/a Jan - Dee "39 Jan : 9% Jan . 60%. May 31 0 preferred 7% >' I'j:i: 'A'M- ' Feb ,20 26 Dec Nov Nov Jan 29 Jan 26% 28 77 29 1 Jan Apr 77 ft 22 13% Jan 44 1 .154 Jan 21 presferred- : Dec <ft 13% 4 -47% Apr 20 3 ; 64%. Jun 26 '. No -par ' Nov ?' ; Oct * 11% 2 204% Mar 26 64y» Mar ,, i Nov 52 112 6y« Mar . 169 —, Dec ft > Dec rf- Oct 29% Feb 2 132 May 29 Jan 11 26 :: 13% Jun ;12 ————————No par .100 Jun >ft 17% 52% Mar 22 26 88 % Jan >106% "23 'ft July 3 ?ft: 13% Jan "2". lo% Juiy 3 ,,12% Jan 11 .ft'.ft Nov 503/4 Nov } f 143/4 Jun M Jan 103A May 28 Deo •'ft 5 66 Jan Dec 253/4 Nov Jan ft Dec 1 13 Jan 9% 27 1093/4 July > : 23% Aug Dec,, 48% v Deo 9 riL; m-' • ' Range for Previous w NEW YORK Range Sinc«t January I ;; Lowest Highest STOCK ftt •' 1 EXCHANGE ;v*r.S far ' t?c-43%- ft-43%; : ;*45% -47 y8. Year 1945 Lowest f per share 9 per share 1 *1— •>*■■■ ; >■>+.* :• ■ r- rr-- - - :«f 4,W>" V". 4-Ln T' Highest 9 per share 9 per share "~A-A 'Wftf'V Va -Car olina .. 110 100 6% T ;; 240 300 '.ft J, ,'ft I. %— 6% preferred—^——— ft Visking Corp <The) class <&Vulcan Detinnlng Co: • Preferred 115 No par ^100 I,. 7.7% Jan ^0 * 47* , ft "86% 90% Jan 24% Jan Feb 26 ft' -43 *161, , T72' ,104 ' 14 !" Dec Deo ftT ,103 , Dec ft 45% Deo ! 3% Mar 59% Jan- 8% Deo 81 118 ,' Jan 83 45% Jan 105 Sep .57 10 Apr 9 .July 3. 45%. Jan 30 24 V* , ft; ~ ,33 . Dec; 50% Nov Mar Feb 15 99%Jan 28 39% Jan., 22% Apr "Majr 28 123 Va Apr Mar .Jan 13 Va . 118 3A Jun 24 f <89* Jan 21 25 25 , 34% Dec.i l 13 "■ .53 21% Jan 32 • Mas JT f; 168 34 Mar .18 67/a Jan 3 12% Jan 29 pref—^.—^JIQO Virginian Ry CQ^-v^.— • - *173y4 185. Paw $5 51% Apr 30 113 ft May 28. r> Jan. 16. 8 2534 Apr 30 ,58% Apr 24 26% Jun 17> ., 37 y*. Feb 26 Va Iron Coal & Coke STl pfd^lOO ^.•ft'-VVr**, =j 1,200.. Chemical dlv .partic preferred Va El i& , Feb 39 , , Victor Chemical Works- '20 ♦1731/4 40 66 ft : 32% May 29 , 1st preferred. r-S% nonriann preferrfat., 170 *173%ftl85 ft Dec 22% Mar 4 343/4 Jun • Dec ftft'; "ft'1 ft'.' ft 500 t" 47 ; Jan 62% 28 Wi-fpv 2,400 X47 Aug Sep > -31% Feb JL05 ' f Dec Nov ft;>18%Mayl7 60% Jan 12 ,-60P 51; .>; 90 ■ "'43% 38% 120 25> 104 3 >41 Shore* f-fyf '97% U5. *96'/2 Nov Aug 76% May 22 110 Jan 23 i r; '- -52% . T170 i 96 Dec 45% .29 1 30% Apr 10 h 6 20% May 6 .108 Feb 26 4%% -preferred Sales far :^*107% 108% *107 ,"ft 119y2 Dec 27 y4 112% 533/8 "31% f.119% 120% ■ V 151 56 5Ift, Mar 13 3,200 / Jan 100% Jan ft Jan 82 ^non^cum Universal ■ 49> v 119 52. ; :..43%,43%;'f .43%.,:>43%. ,47 .;48% ft> i. -*46% 48 J ft. . ft, the Week 'ft SKIS .v4^-« *94ft»;,- -95%. il 10 \ , ' *44% .46 'ft ' *111%. 113% 20% 109% Jan 21% Feb . ' ft,:":'. 32 ft 9 16Jan 3 'ft Jan " t.700 Vanadlum Corp of Aih—.--—Nopar ftft: 29 3/4 Mar 13 •^33%.*".23% -> 53% -.233/^ EXCHANGE.^ 24.%.'.. I .ft.1,100... Van Norman 2,50 >. 18 3/4. Feb .26 ftftv52% 52%-^-^ *51 ;ftfta2ftV',>^ CLOSED ,,-'*51%^ 51% . ! ,>-300 - Van- Raalte Ca Inq..,-s. .,-10 i > 4b6% Jhn Z ftft>23%>' »*%•••24'^ft^24%Af;^;,6n3LY'4t-':^;«s5ftV^-.24%^:,,24% ... t. $ 5,200 ;ft;Ve'rtienfesHCamagu^.^Sii0|E.C^8% fa,' 19%. Mar ia •ft.45 *46.. +43% ;^46 * ' - / *43%'"46%' 1 ' 300 Vick,;Chemical C5o>mw_-^„„JftjL50 43 Jun 20 *111% 113% ^*lliy8 113%*^^ ' ► " " *111 Va 113% i ^ >ftVicks j8hrwa^Pac I»,*. .w.; ) ,104. dan >2 23% "7 "ft CLOSED > *51 ; 52% ftftftft ftftft- :*4 %;. .24.% f *31 *" ^ 28 86% Jun • ft;;, 9 % Mar 14 .__1 non-cum ^ I«'• >A--uftr"aAv'^,Vi?'fV-r.,.... 31% i- ft , 9% Mar 13 199 Universal Leaf Tob .20 t ft ft No par Universal-Cyclops Steel Corp Universal liaboratorles Inc > 900 . * .^ "32%" 31% —-?23% Jan 1; , ■i.440s^, -4 per.f per-share ftftv ti\ STOCK Oct Dec ■' July L- ... 26% 102% 116 Jan ~ v- 86. conv . 240 • ,y\' •i'i-r 1200 1,300 ... 42% 78% 106 ft United Stookyards Corp— —f United. Stores $4.20 mon-c 2d pfd.6 - - - ,_;ThuMdaf. ;;ft; July 2. ft-; f par share 3,300 193.;.',. May M% Jan 111% July 14% Jun 20 parft Corp cl A —— ;7% - , 1 f; ftf' Dec 1 23 Wn par , ... Preferred-,. U. S Tobacco Co—- ,. 105%. 105% ft 43% -i—2.50 ft - —..,.,100. Mach conv . 2,300 ,*25%^06%ft ;i *18ft* J*16%ftfts 193 98% . ^115v: ll^. 17% 43% 27, "!■; Preferred 54% ft 15%. , • 26 47% Mar No par 20 ft- < ft.8..% :i5%;ft* 105% 43 Oct May I 17% Apr 12 28% Apr 13 7 ye Jan 29 56 y8 Jun 27 3 106 V2 Mar No U S Steel Corp. 27,000 8% 105 43 77 40 r . 3 1 U S Smelting Ref & Mln 700**' ■ ..90%: "23% .-13%- Rubber Co. S 8% ^54"?i *''' 15% , U 6,100 ft . 1,500 i; 195 43% Jan 42 y4 Jan }■ 3 ; 50% Jun Realty Sheraton Corp. 40O ., ^2 T-V ** 106' 42% 58% 37% Jan 28.. 45% Mar 11 :l« U S 170% 4% Jan 16% Jan | U S Plywood Corp 2.600 1,300 -25% 17- - ':-'''"'yft;'',:v lis- .25% Dec >119 Jan 18 .'ft 54% Jan 9 57% May 16 ft 9.1% Apr 23 Jan 12 j—JLQQ Preferred 13.300 *161% 163% *190 195 653A 16%; .. 8% *115 . 26% 300 54% . 25% 120% Mar 11 ft 12 ft Mar is Foundry* ft U S Playing Card Co 26% l§3/4. . . '"'"ft" ' .,91% 83/8 • my2 25% 105% 105 *190 '. 8% J5Y4..J.5%- - Jan 29 : 2 ! ft 47% Jan U S Pipe & 69'% 162- 2.6% 54%' 8% 16%" f - 90% 14% May 11 ft 168% Feb 7 71% Mar 16 com preferred Partic & E: 1.400 1 ' *11 *169% ft 66 v* 162 27 *54 ■ 8% . 25% . ft 26% 54% ' 8% , 1 *71 f J 83 ft; .'15% Co Paperboard. ..... S 'Hoffman .800,.. 65 ■ 169 66 % 67 90% 91%, 160'A 161 . 27 - *54 93,% 162 27 . • ' 'ft *65% Dec 29 167% Jun U S Industrial Chemicals.—LJBTo par; -ft; 47% Mar 13 U S Leather Co_— —par,; . 1.600 . 24 5 19.200 ft U 8 Lines Co 58% > ,, ■ 8Y%ftft62%ft;ft;ftft;.«2.%;ft^%'ftft;|ft^ * - 69 52 Va 17 26 1 Cos %- - preferred—.—^. «« 11% Coal Feh 100 preferred $4.50 U J36%... 36% '' . 67 '.S'l'i Oct 110 2 11% Jan ft U S Freight Co U S Gypsum Co % 100 cr,/? 65% % ,.'".'70% . 169. *r «» , ..ft Jan 16 42 18 i Feb 26 30 —3 United Rexall Drug, Inc ft - 59%., 22 Va , A. ^65% ,,, , 16% .16% 106% Jan 115% Jan 28 Jan ft -ft 73 —.—.20 U S As Foreign Recur 700 46% < 5 % - ft; 190 126% Co. Engineering & Fdy_ S Co new———Nopar United 4.100 ,..... 'ft. 10% 58 - 56 May 9% 16; May 29 27% Jun 2 6. United Merch & Mfrs Inc . ft 40 28.000 ■ . O A*3 *10% 81%. 66 81% ^ 102 Apr t 37% May 3 ft 33 Vi Feb 25 Fruit United 2.000 . 22 : , 59' f "21% *"v72'......... 58ftft|;tf| 58 < Dec Dec 34 % Mar 10 , 1 Dec 45% , 233/a Apr 109% Apr 13 preferred United ' 12.100t. a O . Prior United 109% Err. . 103% 58 17 26% Mar May 11 ft 30 37% Feb 26 preferred Biscuit United 500 15" j[/• .. ; conv v,ft'ft|" «♦/. V 58 10% Mar V 125 112% Jan 24 -preference United Dyewood Corp___ -ft Preferred 900 64 y2 QQ '■ |v.. —-4' ;,, inft' #140% preferred 8300ft |ft;; $3 26 'i:s ?■<* 'ft--— ' !40%« 10%v Dec 103 • 803/4 May 27 I 3 107% Jun United Corp commons 35.000 : 18% 54% 52 ift 700 lj% 21% 363/8 ... 112% >26 % Jan 4 ; 23% Feb 26 —45 » " .^ ^ 85% .. *107% ' „ No- par Carbon Co No par United-Carr Fast Corp_ No par United Cigar-Whelan Stores—.—.30a 10.200 5% 27%'-;::28 ftftr ft! A 11%, 36 " Jan ^20% Jun 27' 106 'ft Feh 25 United Air Lines Inc. 'i3%;^ft;ft|i.2oo 59% "59% -ft 21% , ■ 56 7- 22 125 . 24% 5iy4. 46%" -.47>j" U% 36 203/4 36< 12% '14% 200%; 20t• , . 64% 109% ft . 5% .200, 6,800 ; 108%'108Va ' - 15 .125 > 60 U% 37% 21% - 47 *58% ;nya 36% ; -20% ft 22s/4 125% .125% ft *202 204% . »13%:" 13% *107% 109% / Dec 30 17% Apr : United 25% iso : > ■•ft27%: 28V* ... Dec Dec 10% < " United *53% 63% 15% "'109 '•*22 79 33 30 United Aircraft Corp 6.800 ^ 500 18% ,/ 25% >«5 ft^.43% 111 ■' . *108%' 108y2 , Dec Jan 8 106% Jan Mf 900. llll ' 108% 108y2 nan-cum OJL 81 ' l.'f;a»'5;"ff>' *84 52% > 257/^ ■ •4% 48' 5% 55 , Oct 23 Jan Apr Union Tank Car 1,100 . j|i 39 557/a 18% 51% .. Union Pacific RR co„ 300 112% 12% 84% *53% 54»% 52 Mar 79 66 Mar Jan 71% Apr ft No par $3.50 series Union Oil of California 1.200 - 28% 24% 14% 84% *18 ' 4 "*34^ 50-- 14% 83% 18% 18% 14% 85% 85% 107% Apr 5' 24 ft 23 Jan 3 M 98% Feb 26 111 Jun 10 ser No Pan f Preferred OX 81 5% ' Mo pfd $4.50 Preferrd $3.70 series 48 , 12% 5% .: 24% "57/« . 38% m ~TT™"."r', <24% ' > :• 117% 40% .. 82 Un El Co of 200 151% *112 30 .48%..., - 37. :*34 4-' 37,^.. 12%' '13% 6' 38 48 82 82 36% . : ' 49% ' 200 28% _5 No par 7,700 jl» ,U. 2a% 112% 112% 38% '*48% 82% 82% **34 112% '38 40 49 ™.~. 50 Sep > 26 3; Jan >>66% Mar 15 No par 107% 40 Co Union Bag & Paper Union Carbide & Carb ^7y*1 27% 151% Rubber 5;100 '■ *117% Asbestos fNopar 4.600 '407 y* ^ ;: — Union 2 000 . 107% 1C7,% 27% 28 tfndemood Corp l: 700 ■ 36% 363/8 112%. 113y2 111% 412% *117Vb417%' f/%117% 117%'' 40 ' 40% •' 39% 40% 27% Dec |i * Nov ;, 0;}.:: 70%" 406% 28 fe. .28.%. 451% 153 Va •' t , - * 108% *106 y2 26 V* * 151 % 97.%, U; -A 113% 113% 4121/* 112% : 107 j/8.103 y3... 27% 134% 36% » *112%: 143%. • 108% /.A-» 1/. , . VS- ,37 < 38 112% 413%. i , i, 25 18% 4 ; 50 • 1 Jun *: Dec f 7 63% May 11 , 102% Apr 23; 50 Co— Nov 9% 61% Jan 10 22% May 28 7 f 14% Jan -No par 50 29 114 3 preferred. 112% 9 * 12% Jan ; 3 ; Jan 33% Feb - : No par Corp Oct Jan Jan * 101 21% May 20 9y$ Jan 3 411 Mar 20 ; 15 Va Mar 14 20- Dec >' ft *69% f«W.-¥«"i9112Va 20 47% Apr $ 112% 112% 4% Dec } >b 19% Dec f 66% Nov ! i P pfft / Feb 106% 26 % Jun I isP Jan 112 Feb 26 ; 48 y2 May 16 ^23 Va Mar 15 -1. Twto City Rapid Transit. 5% conv prior pfd 1.1Q0 V 12 29 1 8 i * Dec 18% 1" Jan 13% Jan Dec 64% , July 68 16% Feb 26 •—5 Fox Film Corp. Twin Coach May 13 45- 18 112% Jun Apr 25 48% Feb 26 Corp. ' $4.50 prior pfd ,; 1Q0 400 r 20%. 20% , ©en 20th 8.700 j . 67% 105% *105 |R . Truax-Traer 800 v 54% 67%' ' ' 60 19% 53% t> : 15 8% Jan T^mken Roller Bearing, ... 21% May 14 y Dec 61% Apr 69% Jun 8.. '/ 31% v; 9% Mar 7 23% Jun 26 Transcont'l & West Air Inc Transue & Williams St'l___. *19 ,v. 19% 19%, 59Va,' 60,..*201% 21 3.100 !,.vl0%J* 10% . Jan Mar 14 8% 16 20% Jun Feb 20 Feb 26 49% ,j 70 17 new„ 2,000 V 9' 50 „_J0. 4.700 tTransamerica 53% July 10 Va Aug 6 Mar 14; ; $ per share 44% Mar 68% May 20 30 V* May 9 17% Fee 16 49 Nopar 20% ' ; 7 4 07% Apr par >f- 170 * Highest ■ ■ 14% Mar pur N( May 15 12 ■ 100 i#u 50 16 . lpo wrt preferred cum 7 13% Jan ; ,„23 com 57% ."'-.*113% 113% 19% • (J R) h, •t per share Jan 59% May ;? par I 59% Jan ! 1 Year 1945 Lowest t per share per share 27 _„50 *Tbompson-Starrect Co^ 6.000 par preferred 57% , -*25% - .54% • 4% 49 . 61% *60 20%. 20% ~■; 19% No •'■ft par Trapsit^Corp.-iV^ Thompson Products 400 ,.* 26%P ■ Avenue Thompson 1.200 . , No 20% 4 ... 4A1S/' iaL/ 105% 105% !#;; 49%- 19% - 50% 53% * 4 405%. *105 20 '1420% -60% 62 21 ,21% . " 113% - 56 68 . 26% ,, . *113 %. 113% 113% 49% 68 *104'/a ; 20%.. ." ft .. 23'/a 23%: '-"'ft' *108%'109- ^ ; 28 v, 10%.- 10% 40%*; 11 y« 113% 113% , 541 ft Range Since January 1 Lowest Highest „., v Co;common„_ conv preferred-.. soo 200 23 , ,*25% " r 26-% &8 50 j 57% 20% f. 51 50 28 ;*:; v. 23% 23% J09% 109%-.. 23%; ;23% 198%' 109% , div Third 1,200. t ; 10. 55% 55%- , 23% ' 52% 10% 54 ' " A, $2% . 100 111% Range for Previous ;■> No par Therrnoid ft 10 67%;p.p:;v;-: 111% ; The Fair 1.200 - 19 ,-r.., , . 300 > ' 1884 ft.ft *17% -67% 112 ft ' ^ STOCK Thatcher Mfg Co_ $3.60 conv preferred ■ JULY 4 *19 '68% 112 ft 500 2sy4 CLOSED' 64 61% YOKK EXCHANGE j rift-'ftPa* i.7oo 44 61 EXCHANGE NEW •% Shares <l'44ft: 417%'. 20 the Week ' " ' ' Sales for July 5 J per share I -15V'2 " Friday 44 4 60% r 23% *62 ft. \ 18% *19 * ' r:' 44 , 61% • *15% -15%. $ per share 46 % - ♦22% 15% 18 44 % *61 23 ft 62% i rj ; Thursday July 4 July 3 i # per share, i U stocks Wednesday , July 2, , RECORD HIGH SALE PRICES Tuesday ' 8 AND h 55 I.. 36% Jan: 124' ■ ,l Deo 51.. Nov 1 ft Dec: ? JNovft f 43% Nov 52 Apr -4 .' Mac 7 " 170 Apr 29 Mar 29 120 Mar 165 Dec Feb May 11 145 Mar 173 78 : Deo Nov 2 - 178 ff>ft'ft?:ftftft">;-,ft 1, :iu, AJ. ; tl ■ ■ -3 ^ ■ i ft- "-i?.*.-* *74 'it■"fSSM >77'. 'ft 213/4 48 *108 *108 ft 20% .20% 17% 17% 18 165/8 *io5y2 106'A 45% 473/4 see 41 page : :->• 75 22 ft 21% *47;.. 1341/4', *39 77 v 21% 110 132% For footnotes *74 22 48 47% -110 .'ft 134% 203/s 171/4 17% 75 136% -- 19% 17 f 100 ft 600 . 22% .48 *108 ft: 110 135% *20 y4 47% 1373/4 20 . 800 ft, v— 1,600 4,400 17% 3,900 16% 173/s 171/4 173/4 6,700 105% 105% 105% IO51/2 44% 45% 44% 451/4 6,600 391% 391/4 39% 200 *38 - 70 ... Wabash RR 4%% Apr 26 Waldorf System— Walgreen Co 4% 21 64 Walker 233/4 Jun 14 13% Jan 20 Deo 2 54 29 30% Jan 42 Deo 111 Feb (Hiram) G & W Div redeem preferred Walworth Co July Jan 26 5 3 xll% Mar 15 103% Jan 3 Apr Mar 26 1417/a May 27 105 Aug 61% Mar 19 110% Sep 110 Dec 21% Feb 21 20'/a Jun 7 8% 18 July 1 107% Feb 20 8% Oct 91% Oct 105% Mar 353/4 Deo 50 Dec Warner Bros Pictures 31 Jan 3 56 Apr 24 13 Warren Fdy 35 Mar 15 50 Jan 16 29% & Pipe Sep 22 Apr 12 preferred Ward Baking Co_ 5%% preferred 86 ft Feb Jan Jan Sep Jan Apr 20% 14% Feb Deo 16% Deo Dec 166. 2k FINANCIAL CHRONICLE THE COMMERCIAL. & Y, Monday, July 8, 1946 NEW YORK STOCK RECORD AND LOW ' YAY July 2 July 1 Jun. 29 $ per I per share $ per share share 28% YY' 42 CLOSED Y 35 29 EXCHANGE ; Y 29% 29 34% 29% 34% •;>!i STOCK 41% 42% %t , ' 30 41% 13% 42 14% 14% 14% 14% 38 % 39 % 39% 89% 38% 117% *88% 39% ' 89% *88% Y. 38 *115% 37% . 38 119 *113% 114% *118 118% 114% 116% 39% *88% .,• '37'% *115% 119 113% H6% *118 *113% ' V 117% *115% *116% 116% 48% 48% 24 22% 76 77 74% 10% 10% 22% ' :76 ■ ' 27 97 36% *24 % 53% 98% 37% *24% 10%. 10% *94 27 52 52 37% 36% 39% 62 44 44-.,;' 34 *40 40% 33% 40% 34%" 42 62% 39% 34% 41 40% ' ■ 60% . ". 61 ■Y 44 v 44 106 ♦105 22% 73% 10 *24% 51% *95 36"% *21% — 39% 40 33% 33% '40% 41% ' ' 61 61 : *44 45% ►103% 106 ' , 96% ,*21% *21% 119 113% 116% 48 % 113 % 22% 73% 10 27 51% 96% 37 AY ■ 34% . 41% 1,800 : Wesson Oil & Snowdrift 37% 117% 119 *113% 114% 10 116% 160 ' • '• - 116 - ~60 48%" 49 73% 1,400 Western 800 Western 4% 27% 52 36% 41 .41 Y 61 ' A Y A ' 61 44% *105 : . Weston 104 % 105% *38% 39% *35 36 *10% *99 100 11 35% 18% 100% 19% 20 % *150 > 48 65 *47% 50 57% 66% 66 % 95% 95% *95% *101% 103% *101% ' • 102 Va 84 y4 102 V* 84 •76 78 ; 61 $4.25 106 Jan 9 3 Dec 35 57 2 9% Mar 15 100 100 23% Mar 30 46% Mar 32% Mar 13 45 39% Jun 25 Jan- 29 45% Jun A 96% 96% *102% A; 22% 22% 22 , 104% Feb 20 72 Jan 106 Jan 105% July 21 22% Wyandotte Worsted Co new 83 Tale ft Town© llfg. Co Oct Jan 31% 26% Jan 84 18 % 100 Mar Feb 5 10% Jan 19% Nov 13% Jan 22 —5 7 Jun •->. 26% Jun 14 128 Deo 138% Deo 22% Jan 100 37 40% Jan 53% 38 May 31 62% May 29 69% Apr 10 Jan 70 Nov Jan 100 Nov 25 79 May 10 80 Jan Feb 75 Jan Apr 103 105 20% Jun 19 Jan .v >..v> • 52 May 4 Apr ISA 76 Oct Dec 16% Mar 160 9 93 Jun A 35 12 16 21% Feb 7 A 83 94 Jan 6% Mar 19% Feb 26 par Jan Jan 30 100% Jun 10 5 91% Jan 8% 83% 26% Jan 17 Feb 1 May 21 12% Jan 29 Feb 28 50 Dec 47% Dec 18 Dec 2 July 36 May 17 142 28 22% July Mar 23 50% Feb 26 22% 103 21% 34 No Dec May 28 99% Jan pfd—100 (Del) Feb Jan 47% Jan 10 Jr 5 78 107% 44 10 iWm) Dec 105% Dec 44 26 16% Mar 13 10 Wrlelev Oct 64 Jan 101% Aug 31% Jan ;; 87% Jan 62% May 29 19% Mar 15 par 76% 43 Feb 100 16 3 *33% Jan 17; 9% Mar 14 No par 87 50% May Dec 45% 27% • 11 Mar 26 13% Mar 13 ; A'- Yy.:v: ■->'--■■■ , Motors ...1 76%; 37% May 27% Feb 26 1 22 , Oct 35 y8 Feb Worthington P & M (Del) —No par Prior pfd 4% % series 100 Prior pfd 4%% Conv series—100 Wright Aeronautical No par *84 A 76% 87 76% Dec ' 70 Woolworth (P W) Co . 66% 104 *84 77% 58 Oct 38% Jun 30% July A 17 107% Jan 31 ff 35 68 37% May 63% Jun- 18 7 101 No par No 39% Jan 30 36% Mar 21 57% July 92 27% July 31 y8 Aug 17 98'/a Jan Jun Jan V 41% Jun Jan 37% Feb 14 45 Jun 64% Jan 43 y8 Aug 26 y4 Jan 14 103% Jan Y 14% 13% 53% Jan May Jan 30 % 32% Jan Apr y39 Dec 14 34% Apr 25 Dec 61 4% Apr 24 22 Dec 3% Jan 17 101 Dec 40 115 32% 56% Jun 2 17 32% Mar 14 Co Jan 32% Jan 2 87% Jan 12% 22% Mar 90% May 14 13'/a Jan 16 Jan Woodward Iron Co 50 57% : ■ A *65% 32 80 11 12.50 Wisconsin El Pow Co 6% 160 25% 31V2 82 % 4 ; | Dec 100% Nov 110 Nov 69% Mar Apr ;/1 NOV 84 Y Oct 25% Jun A 6 IB 1 47% 24% Oct Young Spring ft Wire No par Youngstown Sheet ft Tube—No par Youngstown Steel Door No par 31% Deo 70% Dec York Corp 28% 28 116% Apr No Par preferred Wilson-Jones 61% 24% 66 77% Y 23% 57% 66 96% 57 . 87 Y *84 *A Y-23YA Y 7 12% Wilson ft Co Inc 19 21% *44% 50 *48 57 96 26 22% Jun 25 -A ■>. 66% . 35% Feb 112% Jan 1 Willys-Overland 100% *150 160 *150 57% *95 18% 21 20% *20% 48 57 ; Dec Dec prftfArr»H 20% > 100% 100% ioo% 160 ■ 19% 10 19% 100% ■ Oct 112 No par Wilcox OU f?*-' 118% 118% Instrument 11 20% 20% 20% Prior 35% *10% 22% 20% 104 Nov 113% Nov Sep No par White Sewing Mach Corp $4 conv preferred 22% 21% ; 22% 22 Jan Jan White Motor Co 40 38% *99 37 Jan 109% 101 Wheeling ft Lake Erie Ry 100 5%% conv preferred 100 Wheeling Steel Corp No par $5 conv prior pref No par White Dental Mfg (The S S) 20 60% 100% 6 Nov .113% 10 $3.75 preferred 105% 59 89% 23% Mar 30 Dec 38% Nov 114% May 18 1 Westvaco Chlorine Prod 106 30 A 119% May 16 53 % Jun 10 . Elec Apr A 7 preferred ■'Preferred A 74AA *70 *104 110 Jan 84% 16% May 23 Westlnghouse Electric Corp! 200 45 Apr 117% Apr 122% Feb 3 4 Dec 9 24 > 88% May 17 21 Jan : Dec Dec 47% 30% No par 100 Westlnghouse Air Brake 500 , 35% Jun 115% Jan -Western Union Teleg class A.No par Class B No par 11,500 44% 31 1 Nov 32 33% Jan 20 16% Apr 20 J12 ., 3,700 : 20,300 16 41% Feb 3 21% Mar 34% Feb 47% Jan 25 Highest t per share 14% Aug .; Y 24% Jan 35% Mar 14 A 85% Mar 15 Western Pacific RR Co com—No par Preferred series A 100 ' .4,200 • 33% 33% Y 200 . Y.39%Y 40 Y/ - 500 37 *21% - ' .. 96% A 14 Jan Inc— 2nd 30% Jun t per share 114% Jun Supply Co Maryland Ry_ non-cum tper share 100 pfd Auto 10 % 9 Year 1945 • Lowest 12% Mar 14 -.100 Lines, Jan , Highest 33% Jan 1 Pap Co preferred Air 96% ■• 4%% Western *51% Feb Corp West Va Pulp & 70 *10 40 o preferred 500 *24 V 6% " ;Y vA Indies Sugar 23 A 73% May 18 .No par .No par West Penn Power 4%% 1,000 v 28 West Penn Electric class A—No par 1% preferred 100 , 113% ,*112% r23 " Y Y : ■■ 'yyyy. Y West 5,700 37% *118 V 30 Inc $4 conv preferred A 24 1 Webster *115% -■■■-A-A.. <•■-*■ 18% Jan par ; Tobacco $ per share __5 No ' 9 Wayne Pump Co 89% *88% Petroleum Corp 2,200 ; 39% Range Since January 1 A -A'.':. AAA Par Waukesha Motor Co ■ Range for Previous (C:,v Lowest Washington Gas Lt Co , 14 14 » Jv "• • 29 39% * Warren 500 1.100 y:*y. 400 AV'YY800 34% 41% CLOSED JULY 4 Y a',Y' y..' 29% STOCK A YORK EXCHANGE Shares Y 29 EXCHANGE - 89% 38% 117% 48% 113 % 48 23 % Y *51% ■ 113 % 113 % 114 , 1 117 48 ' *113% 29% 41% 14 1 40 *29 yy the Week S per share ,*28 YYY.Y: NEW Sales for r July 5 'AY ... , 29 35% > -'*29 STOCKS Friday Thursday YY : July 4 A'/jY $ per share J per share " ; / 28% 28% ■'/ AYL-V 35 '35 STOCK Wednesday A-'# July 3 Tuesday Monday Saturday HIGH SALE PRICES Deo 27% Sep ;V:Y?'A;;A-r /Y'Y;--.-" ' , ..,« 35% 1,700 13% 4,500 per annum until Aug. 1, 1946, 4% a Deferred delivery, tin receivership, asked prices; no sales on this day. ••Bid and z5% 36% 13 % a New Btoek. thereafter. per annum ' y > " Week Ended July S, 1946 • yH Saturday . Monday Tuesday - ■/ - — Prlday— —/Y - 42% Jan 15 8 V14% Apr wd When distributed. s-Rx-dlvldends. s Special sales, _ 34% July 5% Jan 18 y Kx-righta. Exchange Daily, Weekly and Yearly . SVwrlr/S'JXi'A xU; Stocks r 141,000 652,640 Wednesday 3,190,000 486,820 Holiday .>,/-y-y. 2,266,000 Y >' 144,000 TOursdayl— 10% Jan Transactions at fhe New York Garb Exchange Railroad A. Y y"v> United States Total y and MisceU^ Foreign , i. Government^/Bondy: Bonds r Bonds „ .Bonds. Sales • Holiday ■■:yyy.y^ %;S v'" 1,564,790 $3,845,000 Y $270,000 v- $1,000 $4,116,000 755,080 '; v 3,536,000 Y 395,000 ' 3,931,000 stocks, Number of Shares vOaah sale, 32% Jun 21 i Daily, Weekly and Yearly A ^-/* A ff .1 Zenith Radio Corp Zonite Products Corp. * Transactions af the New York Stock Y/ -; 4,000 ' Bonds (Par Value) (Number Foreign of Week Ended July s, 1946 573,365 "A 2,410,000 $206,000 357,095 Tuesday Wednesday.. Thursday Friday Y.>Y/Yy A Total Corporate Holiday Saturday Monday 3,335,000 v Government Domestla Shares) Foreign . ■, mY 155,000 ,'{•103,000.;.! 158,000 ;— 120,000 $2,000 $651,000 167,000 Y~/ Holiday 2 05,030 $2,000 $23,000 12,000 133,000 270,355 .......n. $206,000 :'0sy ^ 17,000 ' { ' 'Ttitnl' ; ■ ' 3,459,330 ' ■ ■ $950,000 $12,837,000 •' $5,000 Week Ended July 5 1945 ;,A, 1948 Stocks—No. of Shares 11,619,530 3,459,230 — ; , $13,792,000 Jan, 1 to July 5 , 1946 ■ ' 1943 198,279,433 A/,Total,.A.'.'./ a;.', $104,000 A A $17,262,200 i Y 44,218,800 $5,000 950,000 U. B. Government 673,911,300 i Bonds 56,944,660 " ; r. $735,392,300 .'/■ AY v $651,000 Total . New York Stock And Dond Averages Par the daily closing averages of representative stocks and bonds listed on the New York Stock Exchange as compiled by Dow, Jones & Co. Stocks •■A A.YW:. - 30 Date— June 29-^ July 1 July 2 July 3 July 4 July 5 ' ] trials 20 19 Total 10 First Utllt- 65 Xndw- Grade A roads tiea Y„ Stocks Exchange Closed 206.47 65.78 42.06. ,A 206.64 65.35 41.94 trials 207.06 65.37 —Holiday 206.72 65.24 - 41.73 - 10 Total Grade Utlll- 40 Ralls - ties 105.56 Exchange 116.49 100.93 105.56 116.23 100.99 109.01 76.95 105.54 116.19 100.95 Holday " " 116.16 101.24 109.03 '' 108.96 76.90 76.84 , 105.61 Bonds Closed , 100 Brooklyn Trust 77.03 + 41.76 Ralls Second 100 __,10 Bankers Trust 10 Rail- - -10 Bank of the Manhattan CO..-10 Bank of New York 'Bonds— —■ "-.A. ■ ..//Indus~ ■ $2,626,000 176,000 ' > $41,645,000 A- $80,999,000 24,001,000 Y 6,906,000 Y "' t 301,000 582,000 $48,852,000 $105,582,000 26,000 Central Hanover Bank ft Trust 20 Chase National Bank Pulton 34 447 • A 50% 48%: 135 ; 140 111% 115% 43% - A . 45% 48% ; 50% Grace National Trust Fiduciary Trust First National Bank-, t 100 114 119 62% 297 45% 102% 43% 25 Sterling National 29% Title Guarantee ft Trust 41% 10 100 1,785 44% United States Trust 1,845 50 25 — 26% 10 18% -12% New 62% & 25 National City Bank—— York Trust 47 21% Bank 333 100 1,900 Public Nat'l Bank ft Trust.-17% 44 60»/4 Empire Trust 10 Manufacturers Trust Co—....20 20% 107.93 ...100 Lawyers Trust A Bid Y': 195 Ask 210 200 — Morgan (J P) & Co Inc ;—20 Corn Exchange 100 Trust Guaranty Trust Irving Trust Kings County Trust ft Trust—10 Continental Bank 108.01 435 Far Ask Bid 32% Bank ft Trut-20 50 Co 107 99 Federation 109.01 City Danks & Trust Cos. Commercial National Bank ft Trust - 15 10 Chemical Bank ft Trust 107.95 * $2,828,000 : 1 are 2,000 $1,471,327,010 Y.. AY AYY. AYA ya YY ', Below 60,617,035 O yn;'.-"*■;.a ;." ;%h. 52,000 A Foreign government Foreign corporate $48,240,200 $13,792,000 Total .7 */ $597,000 Domestic 1949 1946 88,649,640 3,994,815 1,405,845 Btockg—No. of shares 1,410,965,600 *1A Jan. 1 to July S Week Ended July S ' 1946 1945 A ? $3,416,750 1,911,200 Y 46,224,900 12,837,000 Railroad ft Industrial $52,000 • " ' 200,044,309 Bonds Foreign $597,000 1,405,845 ...— 12 —100 A 82 23ya 780 ,'.342 19% 1,940 53 Y 64% 303 47%106% 45% 86 25% 810 Volume 164 THE COMMERCIAL & FINANCIAL CHRONICLE Number 4505 Bond Record New York Stock Exchange «» FRIDAY NOTICE—Prices the week, and when WEEKLY - YEARLY • "and interest"—except for income and defaulted bonds. Cash and deferred delivery sales outside of the regular weekly range are shown In a footnote In the week In which they occur. are are disregarded in the week's range, ir—ittf they are the only No acoount is tatrte of such sales la eomputlng the range for the year The Italic letters In the column headed "Interest Period" Indicate In eaoh case the month whan the tend* mature. :Vi.v.. ' ' bonds New York Stock Interest : : v U. S. Government Last Low *•''■i■■ ENDING JULY 5 BONDS ■ Bonds Friday's or Bid & Asked yf;!Z Treasury 4y4s v High Range Since Sold iNew York > Stock No,' Interest Period tow High 104.27 '■ Friday Exchange January 1 104.27 Brazil (Continued) External $ bonds Week's Range Last or Sale Price Thursday's A-O *104.20 104.22 1949-1953 3-d •107.19 107.21 3Vis Series No. 17 1951-1955 M-S •110.5 110.7 3Vis Series No. 18 2%s 2%s._ 1955-1960 m-a *114 114.2 3V4s Series No. 19 1948-1951 m-a •103.12 103.14 3Vis Series No. 20 2%s 1951-1954 J-D 3Vis Series No. 21 3Vis Series No. 22 *62% 65 Va ' 3Vis Series No. 23 *63 63% No. 24 *62% 65 *62% 64% IZ 1 110.3 111.18 113.20 115.26 " . 114.5 •114.29 J-D *116.26 116.29 2 Vis 1948 2Vis 2Vis 2 Vis 2Vis_„__. 2Vis , 2Vis 2 Vis 2 Vis 2 Vis 2Vis ; M-S -ri *103.26 ZZ 1949-1953 3-d M-S *106.16 106.18 MS *106.15 106.17' 1956-1958 ..MS *108.20 108.22 1962-1967 i IS63-1968 June 1964-1969 Dec. 1964-1969 j -D ' •* 105.17 H J-D ♦105.11 105.13 J-D MS *105.9 105.11 •105.4 105.6 MS *105.3 105.5 -June 1967-1972 Sept 1967-1972 M-S 2 Vis 2 Vis Dec 1967-1972 j-d J-D 1951-1953 104.3 ; *106.22 104 , 102.11 1952-1955 J-D *105.9 *108.26 •106.3 1959-1962 Dec 1959-1962 J-D June *102.29 *101.27 101.26 ACarlsbad AChlle " 2s 2s Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Dec 1948-1950 Jun 1949-1951 Sep 1949-1951 Dec 1949-1951 Mar 1950-1952 - 2«2s 2s 2s 2s J-D Treasury New •103.16 J-D *104.2 : 104.4 J-D ♦104.6 104.8 J-D •106.17 *101.15 • • j-jgt V 101.17 •101.23 J-D 106.19 ; 101.25 * ;: , of of Copenhagen . 301/a 28 v "yV/VS 30% 30% 21% ■'"I 29% 22%, 8 30% 28% 27 21% 28% :-r";30 J-D 231/4 201/8 281/2 A-O A-O Af-N •26% 28 29 23 y4 27 Vi 29 Va 21 27 Vi 29 23% Jf-N 1900 M-S 1990 M-S J-D A-O 29 22i/8 27 26V4 187/a 28 30 28 37 85% 85% ♦22 .Oct 1961 28% 21% 27% •23 1951 *84 26% .Jan (City) External 1961 J-J 84% 84% 81% 81% 1970 Z f $ bonds s A-O 64 % 65% 58% 67% Zl947 *53 — 51% 52% M-N 55 55 51% 55 1947 F-A 1952 5a- A-O 1946 J-D *53 __ : 97% 98 20 97% 97Vi 10 1953 Jf-N 1951 M -N .1949 Rica- (Rep of) 7s (Republic of) 5a of 1914 MS 34Vi'34% ♦i06y8 / f-a *103 loan 4Vis 1949 external 4Vis 2i% 27 1902 25-year gold 4Vis Broadway, New York 28 J-D 1901 A Costa Cuba i 11901 AColombla Mtge Bank 6Vis ASinking fund 7s of 1920 1-1693 30 y4 21 Af-N 1902 1927 $'3s external Teletype 30% 211/4 "1 241/4 1901 1928 A 0S NY 30 V* 21 y4 24 y4 SrS7 2i 28% — J-D ASinking fund 7a Of 1927--- 120 30% (Republic of)— A68 Members New York Stock Exchange 30% 30% 21% 24 y4 1901 (Hukuang Ry) 5s Colombia 21V4 22'/a 2 21% 28 28 30% 24 ; J-D assented 30 30 241/4 1 Jf-N -1963 A7s assented Wertheim &. Co. , 30 ■ ZZ .1963 AQuaranteed sink fund 6s AChinese Foreign Securities 28% A-O AChllean Cons Munic 7s___ Telephone 28 M-S sink fund 6s .A 08 assented REctor 2-2300 28 28% •x/'.ivit A-O 63 y« 2iy* M-S A6s assented A 6s 102 y4 : 28 J-J .1962 114% debt ZZ--! .1977 5iy4 91 .88% 2 :> 33% - 54% 100 97% 39 106 '. ; 108 104 ' __ 108% AAntloquia • coll 7s A. (Dept) AExternal f s 4s MS J-J 1945 *81 1945 ? j-J A-O f 7s series C f 7s series D s f 7s AExternal sec 8 f 7s 2d series—1957 sec s f 7s 3rd series__1957 A-O (City) external 5s—-—1958 (National Government)— AAntwerp Argentine 1941 8 f external 4Vis 8 f conv f-a Australia (Commonw'lth) External 5s of 1927 —1957 ; External g 4Vis of 1828 Belgium external 1958 M-S Jf-N 1949 s f 6s 1955 s f 7s .1955 (U 3 of) external 8s Stamped pursuant to Plan A (Int reduced to 3.5%) AExternal s f to Vis of 1926 Stamped pursuant to Plan A (Int reduced to 3.375% ) AExternal s f bvis of 1927 1941 A-O 1979 A-O 1952 J-D < 1978 1979 No. No. 2 Series No. 3 3%s Series No. 4 3Vis Series No. 5 3Vis Series No. 8 Series 3Vis Series No. No. 3Vis Series No, 2Vis Series No. 3 Vis Series No. 3 Vis 3Vis 3Vis For Series No. 11 102% 102% Series No, *115% *__' — 80% age 82% ■ *__ '82 73 73 ' 60% ~2 82 ' -73 76% 62% 70% 82 .1942 ;■ A-O *100 A-O , j-j 85 2 58 76% 8 - > 112 '• 99 99 ' 82., • l;- ;• 62% 85 58 2 ~ — " *83 *74 F-A 102 102 7 .1962 A-O 100 101% Jf-S ♦101 1940 A-O •101 77/96// 6 1942 100 90 Va 73 67 — 101% .1940 A-O .1961 M-S 101% 101% 2 101 103 1969 A-O 101 1 7 101 103 series .1969 A-O *101 AEstonla (Republic of) 7s____ French Republic 7s stamped 7s unstamped. .1967 J-J 5Vis 2d part *101 101 Vi :::: __ 101 1949 M-S *34% 50 ♦105 106 .1949 J-D *i03y8 50 105 65 76 vii 66 61% 67 70 35 __ .'l: 82 67 61% ' paid 1964 1324 1968 1952 A-O Helslngfors (City) ext 6Vis Dish Free State extl s f 5s 1960 A-O i960 13% M-N 15 12% 13% 100 V* 14 % 13 V4 12% 100 y4100 y4 99 99 100 99 *__ 95 y4 103%; 102 ' ■' 64% 63% 76 79% 801/4 65 y4 60% 65»/a 61% A-O *— 14% 24 1954 J-D *31%; 32%/ 30 32 y4 J-D *98 96 y8 99% 1943 M -N 1957 A4Vis stamped A Assented AMexlco (US) to assented Nov. 5. 1942, 1945 •10% Q-7 Q-J 17 100 ' ... *13% : agree extl 5s of 1899 £—1943 AAssenting 5s of 1899 AAssented to Nov. 5, __ *21% *16 y8 , ZZI 17 1942, agree FOREIGN 60% 65% 60% 65% 60% 65 — SECURITIES FDCM TRADING MARKETS PAUL marks & P.O. ma * FOREIGN SECURITIES SPECIALISTS 64% 5 63'/a 64% 77 1 v..; 100% 104% 1954 (Prov) 4s readjusted Mexican Irrigation— 81 80% 2 62% 62% 77% 60% 7 / \ 19% AJugoslavia (State Mtge Bk) 7s AMedellln (Colombia) 6 Vis I 66 79% __;-v. 22 102 Mendoza 66% 61 78 _.n; 111 __ V 61% 64 50% - . For Financial Institutions 63 63 % „ 102% 76% 77 ■M 61 101% 102 »/a 101% __ 84 58 66 102 104 102% v.::\ 59 *68 1 101 98%' 101 "3 .1953 |A2d series sink fund 5Vis Customs Admin 5Vis 2d series 5Vis 1st series 'i 98 / ' •100 : ; • ,82 *62% 171. 115% 64% ; 110% 111% i 111% __ *62% 16 20-year extl 6s gold 5Vis / 103% 107 62% 15 101 ? 49 • 105 62% No. 168 A6s part paid t Haiti (Republic) s f 6s series A 112% 63 V4 14 162 110 106% *62% 12 see 102 103% *80 13 104% 102% 106% *80 10 ♦167% A7s 96% *80 Series footnotes 101 35 *80 No.. 9 131% 67 *75% 7— Series 3Vis 100 100% 104 6 15 63% 3Vis ~2 32 *63% .♦Vis Series No. 30% 93 * 6 33 - *63% 1 Series 3%s ■ Series SVis 1 30% J.V *63% External $ bonds of 1944 (PlanB)— 3%s J-D 30% 37% 33% 96% i;W A-O (Central Ry) Stamped pursuant to Plan A (Int reduced to 3.5%) 5% funding bends of 1931 Stamped pursuant to Plan A (Int reduced to 3.375%) 1 101 ——' •: 1979 : 37% 36J/4 *106 A-O 1957 38 J6% -V' •*iii% J-D 1957 36% 101 mW J-D (Int reduced to'3.375%) A7s J-D External gold 4Vis lADominican Rep Cust Ad 5 Vis 5A 1st series 5Vis of 1926 38 110% 112% 102% J-D 1978 36% 105% 106 Vi 110% 106 __ Stamped pursuant to Plan A 113 .1945 External 82 2 102% 101 J-J External : 79% 104% "I s 102% 103 100% 101 100% M-S External lABrazil 8Vis vi 109 Greek Government— A-O J-J ■- 32 101 M-N 1972 5s of '25_1955 - 33% 102 — M-N 1971 Feb 97% . 32 y8 *32 J-D 1972 4Vis loan 8 f extl conv loan 4s Apr 37% 37% 32 . 8 f extl conv loan 4s 37% 37% 32 y8 :: —- A-O AExternal 77 82 . j-j 1945 s s AExternal 77 __ 82 *102% 104% *37% 40 " *37% 38 j-j series__—1957 AExternal AExternal 1st F-A A-O 1945 7s series B_. 115 2 5 Vis (Rep of) 8s ser A. .1951 ASinking fund 8s series B__! .1952 1948 (King of Norway) 110 110 IA Denmark 1968 AGtd sink fund 8s Akershus 6 J-J wks ACzechoslovakia 1947 6s 113% 113% .1953 A Public AGtd sink fund J-D Sinking fund 5 Vis Foreign GbvfZ A Municipal Agricultural Mtge Bank (Colombia)— ' 82 47 28 J-J .1962 112% 74 y* 29 Sep 1961 110 ya 100% 28 1961 100 Va 22 28 1961 90% 111% ■ . " 28 1961 A Guaranteed ' 53 1 z 50 28 Sep 97% , • 28 Jan assented fe'ABVis assented < ■ — a-o Zjan 6s % ASinking fund 6Vis 1980 88 % ;/• 28% AChlle Mortgage Bank 6V4s_. A6Vis assented Corporate Stock . 92 y2 97 111% 111% •101 ■ 96% 86'/a % F-A f 6s 104 95% 4 110% 110% F-A assented 64% 103 '/a 87 *85y8 . a-o 1961 s 6 .'t "99% 100y4 ■'■'■'■i'O M-N .1960 AExternal sinking fund 6s A6s assented , York City Transit Unification Issue— * __ .1960 AExternal sinking fund 6s__ 1 ;//• • 98 .1942 1961 A 6s ; — — 103 100 ' 97 7*97% —— ■ M-N Feb 0 A Extl sinking fund • 7sI__I .1942 f 64 Vi 101 101% ' ' 97% 97 J-J Feb A6s 104.2 a 65 60% __ 96% J-J assented ARy external 103.29 *104 External 65% 65 61 ' J-J 1948 .1934 _ 60% 1 7 102% 102 ya A-O .1961 jgn . 8s 65 60'/a 60 Va 64% 97% J-J .1960 65% 65 61 '"'"'.j 62% 64% 65 60 % ; M- N sinking fund 6s_ A6s 65 V* 60 ya 1 *96% a-o .1984 assented AExtJ 103.18 *103.27 j-d 1950 ; —... 103.9 M-S /: > A6s 102.31 103.3 *103.7 M-S y .-i June 13 1948 1%» *102.29 *103.1 ms 1953-1959 Treasury l%s 102.28 j-d iqsi.iqsn 2s *102.26 M-S 2s,....^.^..^June 1952-1954 2s Dec 1952-1954 Treasury 103 J-D Sept 1950-1952 1951-1953 ...... , *102.30 (City) 102% MS .1975 7 103% 103% F-A .1976 : ' /'v't , J-D .1976 1 $ bonds s 64% 60 y« Ml — 64% *62% MS .1977 s (Rep) F-A 1950 i, Ms assented AExternal sinking fund 6s ■ M-S .1981 — =•'; 1957 w—. -Vt,.; 64% *62% 102 y4 *102 .y_ ■■■•,*? 1958 Canada (Dom of) 30-yr 25-year av.s 3Vis ■ '■ ■, ; 101.29 *101.24 MS Z_ f 4%-4%s. s 3% external 102.31 30- f 4Vi-4Viis. External readj 4%-4%s. Externa] s f 4%-4%s„ 102.31 ♦102.29 J-D :• j-d 62% f 5s s 65 64 60 y8 . —-4. *62% •/; stamped External 106.5 2s 1947 2s^.^...... .....Mar 1948-1950 No. 64% 60% 60% --r 1 64% *62% No. Series Refunding 108.28 M-S Series A 8s 105.11 J-D 1956-1959 '/■ ___ Sinking fund gold 6s Buenos Aires (Provlnoe of) 107.19 107.10 106.24 iura-ioso 1 Sinking fund gold 5s 107.9 10145 106.16 T • . 106.28 109.15 f *62% -4-' , 101.16 106.15 4 3Vis • 63% 63>/4 27 (City) 65% 63 ' 28 Brisbane High 60% 63 *83 ♦62% it 26 No. No. , 102.11 107.9 - 104.3 . ' No. Series Series 3Vis 108.4 ,107.27 102.22 :„Z_ ■ 107.25 *107.23 :: 104 j-d 103 Series Low 65% *62% 25 3%s . \ 104.9/ 107.4 __ No. January 1 (Continued) - 3Vis 107.15 105.31 107.5 .108.4 105.22 105.25 2 Vis 3Vis 106 108 108.18 __ — < Series Series . - •105.23 2 Vis 2Vis 2 Vis~.—~~. 7 *106.3 ; 106.5 Z J-Jo ...1965-1970 .^.-._..1966-1971 3Vis ' / 118.15 118.23 : 103.28 *105.15 v 3Vis ZZ 7 1950-1952 2 Vis 115.23 ; ,1952-1954 Treasury 2 Vis 109.22 114.31 1960-1965 109.8 115.23 108.18 *114.3 J-D ..1956-1959 2%s 2%s . .-II •108.16 M-S 1958-1963 ! 2%s Treasury Treasury Treasury Treasury Treasury Sold No. High 1947-19B1 Range Since Bonds Bid & Asked Low 3 Vis 3s Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury 3% > Sale Price Period WEEK Week's Range Friday Exchange RANGE FOR 50 Broad Si., New York 4, Telephone HAnover 2-0050 N. Y. Teletype N. Y. 1-971 11 11% 21 22 •/ 15% 16% chronicle: f** -#**>!>. - iM* (C- **4* ■ feft'* Monday, July 8,194§ |A NEW YORK BOND RECORD RANGE FOR WEEK ENDING JULY 5 B 0 N DS fey/ Vfefe Exchange Stock Friday Week's Range Interest Last Period York New Sale Price or Albany Perfor Wrap Pap 6s_—1948 Railroad Reorganization . '= • •'/':V-C:'•/'•fe'y' Y •''M/:'fe V N*!;VV' 6s with warrants assented.1948 Albany & Susquehanna RRy4%S—1975 . , . 109% 158 157% 158',4 61 Broadway 2%s , ■/ Telephone—DIgby 4-4933 1958 debentures Tobacco 3s debentures 143% 68 '•.F-A < 104% ;v 104% 104% -1975 A-0 104% 104% 105 A-O 104% 103% 104% fefe 22 106% 106 fe 106%\ -fe ___1969 —— :: A-0 ' " 149 : 103 fe 101 / * York Stock Last:/ Interest Exchange ^ or low Mexico—(Continued))—: : / AAssentlng 4s of 1904— _1954 A Assented to Nov. 5, 1942, agree AAssentlng 4s of 1910 -1945 A Assented to AAssented Nov. to 5, Nov. 1942, 37 105 • fe J-J 5, 1942, *18% ;'V 18% 14% 15% ' V 'X- ;v • 11% 16 i agree 15 Atlanta r & 1951 Stamped pursuant to Plan A , '<• (Int reduced to 2.125%) 2008 ASec external s f 6%s_— -.1959 / fe 46 38 *35 39 38 42% 38 39 38 38 Charlotte Air Line W? Ry—. M-N J-D 110% 111 - ; ——1948 debs. 34; J-J —1966 J-J (City) 7s__ Wales (State) New South External 3 —' y'y t 5s s External t s ..1952 Wee . 'X' *125 : 5s__ 101 ' : 101 : 100 : 107% 1963 1051/2 105% 101 1956 *1011"' - — 107% 102% 103 99% , 103 99% "--Wfe 103% - 90% A Panama (Rep) extl s f 5s AStamped assented 5s Stamp mod 3%rext to Ext sec .1994 ref 3%s series B APernambuco (State of) *100% s .1963 1967 7s * 1947 . ANat Lean extl I APoland (Rep of) 72 42 ,;--39'fe;/ 25% *13% 33 24 30% 24 to *14% 19% 24 48fe 42 47 43fe 45 Vfefe'fe ■ 47. 41 1952 41 A Rio 78 83 *70% «- ■'fe/fe'fefe 101% 101%'/ 85 no8% (Int reduced to 2.375%)—2001 sec 6 %s._: 1953 *— V- A External :/yy/y, (Int reduced to 2% )—- i 52% 45 41 38 48 35% 45 2012 '^Artier 1940 s (Int reduced to 2.5%)— A6s external sink fund gold :fe fefe 52 — ' Stamped pursuant to Plan A- , 1999 ' i i/ A7s external loan of 1926 45 40 *30 34% 'fe 45%, 36% 44 42% 47 fey 36 40% 43 reduced to 2.25%) 2004 municipal loan .1967 Stamped pursuant to Plan A- *— ;fe ' (Int reduced to 2.25%)—.-2004 •/ -•>. J' v>-:. Uf ^ Santa Fe external sink fund »s—J1964' ■■■ — fe 39% 42 fe'. 98% SASan Paulo (City) 8s_ 1952 Stamped puxsuant to Plan A (Int reduced to 2.375%)—2001 A6%s exta secured s f——1953 Stamped pursuant to Plan A V ; (Int. reduced to 2%).—.^2012 — > y ^ feffe (Int reduced to 2.5% ) y , fe'*_. fefe 40 : 1950 ; 54 45 37% i'XLmX'1 '•'•AI-'-V :|; fefefe fe-. California! Elec Powef 3%s^j^*—1968' *37 65 60 Canada Soutnern cons reduced to IA Secured s 2%)— f 7s—. S'- h ^OIJT *55 Can Pao Ry 4% 61% $ I ^Carolina Central 1st gtd 48—1949 ■ Certificates Of deposit 60 Berbfl Croats & Slovenes (Kingdom)—» A8s secured external-..— .1962 weiiy'fe-:nfe; Jf-N extl-. 1962 JJf-N V,/' extl 7s-. 1958 J-D fe fey- .1958 J-D I'V Sydney 'City) a t 5%s—— -1955 AUHiKUay (Republic) extl 8s——1940 F-A ASlleMa sec (Prov of) A4%s assented— Celanese Corp 3s 76 64 12% — 12% 25 *16% ' ,;fefe Alst'mtgrSs—--c—»——Nov 1945 fAConsol gold 58^-.—w—1945 A Ref & gen 5%s series B .1959 ARef A geil 5s series C_ -J—1959 AChatt Div pur money gold 4s—1951s AMobile Div 1st gold 5s...——.1940 12% 12% fe 12% 17% 20% : 23 25 16% • .fe AEvternal sink fund 6s —1960 AExternal sink fund 6s 1964 3»Ab-4t4Yb% ($ bonds of 1937)— External readjustment—-——1979 , External conversion——.—1979 F-A M-N fey *120 *113 fefe fe.:*ew.:yl*' ar-N fe '■ .^fe'y'" r it-it Af-N 93% 93% A Warsaw J-IJ fe F-A 3-J —1958 F-A ""V (City) external 7s *80 93% fev feiw :! >:"■ 84 •. M-s J-D *102% Great Southern SVis., M-N Alabama Power 1st 3%s For footnotes mtge see age 171. 1967 —1972 J-J . ... , . / y" V Central N Y Power 3B_ 96 86 94 Central Pacific 1st ref gtd gold 4S.1949* 1st & ref series A ; 1 90 96 83 84 21 18 21% 16 fe 14 >- y ' 104% • 1 105% *104 Va 106% *108% 109% 107 ■ 109 > ,90 33% 22% 33% 76, ; 85 37 44% 108 109% 104% >100% 106% 44 Va 45% 42% 61% 43% 45% *108% " xl04 — / 42 %' -60% 39% *39 . fe 46 'fe v 7 108 fe ■ 56 39 52 16 • 108 Va 107 -; 108% 11 107% 108 Va 108 107% 110 . b(4V4% to Aug 1 1949). ^fefe fe' *108% 1974* SACentral RR & Banking, Co-r. 5S stamp ( ' (partial redemption)—1942' Champion Paper & Fibre deb. 3s.—1965Chesapeake & Ohio Ry— , < > General gold 4%s— .......... .. 1992 Ref & lmpt mtge,3%s D—.—^-1996 Ref & lmpt M 3%s. series E——1998 R ft A Div 1st cons gold 4s—^—.1989 .■■•wj'wy,:yfe. 2d oonsol gold 4s————-^—1989 • *49% *1045/4 fe .-w -*» •• (u'M' :" * fe 48% —— T——' . 50 103% 106 /•'3 144 151% 105% 105% 1 105 107% 105 Va IO53/4 7 104% 107% 132% 132% 1 132% 135% ;y 147,;; 147 .v • 109% 113 —, ♦121 124 : 99% 108 74% • 87%23% - 18 102 % 103% 104 y« .105% . .• : y—-1974 94 84 ■ 91 107 ./• V-A 86% *106- Alabama ' 87 Railroad and Industrial Companin# Adams Express ooll tr gold 4s—1948 Toll trust 4s of 1907 1947 • 90 %. *10% : r;. *' 93% « r ■' 93% • 93%. F-A A4%sassented—.1958 wli » V 93 *88 Va [v"'.. ■ 3%-4y»-4^k extl conv —1978 4-4%-4%s extl readjustment—1978 3%s extl readjustment-.1984 ■ 105% 109 87% registered 1987' AGfeneral 4s———-——LZ—1987' A 48 registered ——1—1987 • • 105% 102% 87% A5s *115 *""*• 'V 5fe 121 105% 14 116% 104 Light 3%s——1960 120 120 124 123% 114 -107% tACent New Eng 1st gtd 4s—.—1961 JACentTal of jN J gen gold 5s—i—1987* fe'-'fe ' ,• . . Illinois 104 102 125% 120% fe 16 103% 105% 125 108% 3 105% 105% 20 Central 102% 103% •M/fefe; - "fe;-/-5 "5M v. A Cent Brapch U P 1st gold 4s.-y-.1948 tCentral of Georgia Ry— 72% *18 .',^^fe!;'fe; 114 debs..——1—1965' 61 72% • 118 : fe 122% Carolina Clinch & Ohio 4s— 1965 Cart & Adir 1st gtd gold 46——1981 85 12% ' yfefe y 119 64 ; 71% -Irfe,.fe 115 116 113% 114% 69% 54 61 122 3 .114 54% fefe — *82 1978 deb stk perpetual.. 7 8 120% 121% 1956 *—.—1951 55 *55 feyfe': ——1940 Stamped pursuant to Plan A , (Int reduced to 3.5%)— A 7s sertex B -' *■*."*' ' 122% 122% 116% 116% *i22Va 122% .—1955: Guaranteed 'gold 4%s Guaranteed gold : 4%s„ 118% 115% 116 1970 55 A 106% 108 7 122% 122% 60 71 ■fe*54fe'fe ■/■fe Guaranteed gold 5a Guaranteed gold 4%s 71 fefe- . 106% 109 fey- *106% 107% 7iyfey 69% *65% ' mm 1950 106 1043% 109 mm;';-? *106 % 106 Va —1974 gtd 5s A...1962 Calif Oregon Power 3 y«s Canadian National gold 4%&* ..1957' Guaranteed gold 5s ..—Oct 1969: 71 . 71 69% , fefe 43 57 *65% — 56% 107% 98 7 48fefe. 40 Ml Stamped pursuant to Plan A (Int , 48 48 — *46 *67 (Int reduced to 2.25%)——2004 A6s extl dollar loan—.. -1968 : *51 fe;/' .X': ,\m>4+- 1999 Stamped pursuant to Plan y v 95% 100 .'.fe Stamped pursuant to Plan A (Int reduced to 2.5%) A7s extl water loan. : ' Uy 1999 y 53 104 y Vfefeii^*fe Stamped pursuant to Plan A ^ . ; V. 8s——1930 A8s external- > feMi-r—*- 98% 58 .v-fe/V •• . (State) 483/a 13 (Int 923/4 fe -83 46% Stamped pursuant to Plan A |ASan Paulo 65 ■ :l, . 106 Va 1073/4 :M 39 ; 107 Va 104% 10 106 Va 105% 105% it:/; 14 —I960 106% 104% W-a 45 A7s :■r' 106% ■' * m — so 39% Ite B 85 103% 105% *105% 107 52 45 1968 Stamped pursuant to Plan A : (Int reduced to 2% ) -2012 , 45 84% 66% 8 104% 104% 'y A8s extl loan of 1921. 69 37 *103% 105 % 105% 105% j Rio Grande do Sul (State of)— 104 99 63 :: 67%^ 68 *106% '^rvV.V" *35%' 36 . 109 38 70 103% 103% 50 40 . *35% — 69 .;,. 105% 106% 106% 106% 105% ' .. 99% 100% 103% 42 — *105% 106 *106% 102% 107% 30 103 % 104 y A 130% 133% *13 - fefe; 101 42 42 42 fe X 43 fel ..r de Janeiro (City of) 8s— Stamped pursuant to Plan A ' fefefe'fe i'.M Queensland (State) extl 6s Stamped pursuant to Plan 35% 43 .2006 APrague (City of Greater) 7%s. : 32% ;'24--V*fe ; fe is fe; 'feM; .1966 A 2.25% ) 103% 104 103 103% . 23 18% 25- ' - 104 ' Alegre (City of) 8s 1961 Stamped pursuant to Plan A i v (Int reduced to 2.375%)———2001 reduced 101% 101% 101% 30%;. 31% 19% 25 25 APorto - it 18% 26 *31 —. Stamped pursuant to Plan 89% 73% -1 s A4%s assented .—1968 AExternal sink fund gold 8s-,.—1950 A4%s assented— 11963 AExternal loan 7%s_— 71% % 25% 26 ;.25ya *Ii% (Int 46 26% 26 26 1958 t 7s——.-1947 s 90 88% fe:42fefefefe44'::fe gold 6s..-.—1940 A4%s assented— AStablllzatlon loan 89% 88% . 106% 106% ife 27' 27 98% 89% 100% 102 98% 100 4I%". fej :*- 'Ml: f 6s 2d ser____1961 s :.;V".X .mm fey: ; Stamped pursuant to Plan A * ; ' ; (Int reduced to* 2.125%)—2008 A Peru (Rep of) external 7s : 1959 ANat loan extl s f-6s 1st 3er_ .I960 :fev 99% 99% 106% 106% 106% 91% 97% fefefe/fe *99% ser A-1963 00% 97% - : 38% 102% 105% fefe 107% 1965. '•102. y 33 V4 2 31 V 105V2 105% 1970 > y 103 i*104.'-':*l^v 1956 Municipal Bank extl s f 5s Oslo (City) sink fund 4%s__ v 113 101% 103% 102 Va 102% -1958 External sink fund 4%s 4s sink fund extl loan. ' 109% 42 .mm "XX. — *102% 35 yy ■—t fe 38% *35 . X-D -1957 _ Norway (Kingdom of) 4%s \ /- 34 fefe: Stamped pursuant to Plan A AMontevideo ; ' 103% 103% ! 103% 131% 110% 118% <42% 46% ■ fe- 13 - : 124 104% 107 ;> y^.54.^ 45% 44% 44% fe 5 141 123 ¥ < . 115% 116% 116% J -J fefe vfe 105% 105% .. M-S 46 1 131% ' 7 fe 8 ! Second mortgage 4sAtlantic Refining 2%s ■ MS 98 104 1223/4 28 - ... , j j (Int reduced to 2.125% )..12008 ; 1 38 38 38 m- a ; 104% 108 fefe 3 1st mortgage 3%s ..1963 Atlantic Coast 1st cons 4s July 1952 General unified 4%s A—.—1964 Atlantic & Danville Ry 1st 4s —1948 */ — Mlnas Geraes (State)-A Sec external s f 0%s_ -1964 Adjustment gold 4s„_yJuly 1 1995 Stamped 4k——„..July 1 1995 At! Knox & Nort 1st gold 5s. —1940 'Lv'-1 'mtm yVH;V' *17% 92% mm, rfe 107% 107V4 fe: Atchison Topeka & Santa Fe—\ 13% 10% ^ ' — *14 7-J 12% 2 11% 110 105ya fe 100 ' —y.——1998 General, 4Si—1^95 *10% agree 1933 assent High .Low No. . fe v. . 1st mtge 3%s series E January 1 Sold , 13 13 J-D — lATreasury 6s of 1913 High Armour Range Since Bonds Friday's Bid & Asaed Sale Price Period fey ' 159 '107% 103% 103 . AAflglo-Chllean Nitrate deb—y.—..1967 New 104 107% ,21 -.1980 debr 3s Ann Arbor, lsttgold As & Co (111)— BONDS 105 116% . . 114 fe 100% !■ ; —.1962 —.—. Co . Teletype—NY 1-310 BeK debentures^ 2% debentures Amer *100 103 .100 ,;4. ?vH" X+tiX 109% 110 MS fe York 6 New — , 116% ' ' M-S " — y High fe Low y100 Telephone & Telegraph Go.-?1 3s conv Exchange Members New ,t *-' 1 A-G American ■ *102% 105 ' A-O ' January 1 y v,^ . 1998 PFLUGFELDER, BAMPT0N & RUST :* 104 fe^'fefefe/fe"'fefe: ■■■'. v' ■ feX'fe',fe :-f ; Am & Foreign Pow deb 5s —2030 '.'i, /V"'*VVV-. ;p V/'-V., '•? Alleghany & West 1st gtd 4s Sold NO. High A-oA.li.*102% .A-O ; Securities V^fefe'fe''•!'*' ' '" ' •v, Range Since Bonds Friday's Bid & Asked low Number 4S0S .Volume 164 THE COMMERCIAL & FINANCIAL CHRONICLE NEW YORK BOND RECORD «' ;/•- BONDS York Stock Exchange Friday» Interest Last Period New Week's Range or Friday's Sale Price Bid & -Asked / ' JACLlcago St Alton RR ref 3s ~1949 Chisago Burlington & Qumcy RR— General 4a_^ 1st & ref 111 lnc mtge -*.-1997 (A Gen inc mtge 4%s___ : i A Jan I 2038 series A mtge 4s Gen mtge Chicago A 2nd inc lnc conv IChicago Rock Island AQenerai A 13 J-J V i. 113 * 108% J-J J-J ,' ■ 113 113 107 - 108% 1 A Af-N .20 J-J./ „ 64% / 20 21; I :~1 105 y8 112 132% J\-.V 20 21 30% • 105 20 95% 80% 105 r» • 87% "71 59 723/4 393/4 f.. 1 105% 110 100% 103 100 /.lam , •' —r ./'Li; 106%. 106% 99 99 % 31 108'A'108% :J± 5 1 106% 96% 106% ; 8 8 1 105% Greyhound 106 y8 95% 95% 89 % 89% 89% — i07Q 109% 1 *74 U-N 107% _ '///ii '/ M-J 87% 87 60 60 . 112 66%,; , •'■ 121 M-S *105% > 91% 100 117 105 , Hudson i-N ser: - Uft% 119% 119% 109% 106% A-o 101% J-J 108 jg 105% 105% 104 107 J-J 103% 104 103 y2 107 68 27 663/a A- 106 >A J-J r J-J -^„2010 1961 West deb ctfs A—— 99Vi 99'A 99'A 100% 91'A 90% 91% 90 y2 91% 99 99 99 98 3A 99 % *75 81 75 *11 13 11% 173/4 103% 104% 105% 107 y8 .102% 102% 99 V* 104 V* 102% 102% 101% 104 / ' 99>A. Feb Feb debs- 1959 / J«J ; / -. — J-J iq«q ' - A-O 2015 , ..*— ' A-O — 1st f 5s s series S. IO33/4 — 15 *— V, , Z 60% *— J-J J-J 101% • 89% /- US 103 \r~. : 61 107. , \ . j-D — 46 46 ' Income -^1975 B 104% 49 1952 1033/4 104 102% 108 •103% 1033/4 103 % 103 % 102 7/fl 102 107 1952 3%s 0.\': ' '■>: Delaware due_ Essex Power 'VZ consol 1993 102 •') 103% ♦100 M-N division —May 12042 Light 3s m 1936 58 '" J-J ——1955 AAssented 66% — 4s series 1978 gold 4s i J-D 4%s- 73% 110% Cuqueuie Light let M 3%s 1968 J-J East Tenn Va A Ga Div 1st 5s 1956 M-N gold 5s 1995 J-D ^'1970 MS 17%: 15% 18 66% age 111 Iowa & 1st 1970 X 105% •.•;■.• % _I —, B_1986 Inland Steel 1st mtge 3s series F—1961 flnternational Great Northern RR— A 1st 6s series Adjustment 5s A— 6s series ———x*—1952. series A July 1952 B 6s 96 92 y4 101JA 96 »A 1043/4 IO43A J-J 104 106% 105% *105% ;*^ A-O' 78% A-O 73% 1958 J-J 1944 1947 A-O 38 % 73 y2 78% ii' 98 38 ; 40 541/4 92 * 73% *— J-J 76 92 99%! 933/a 99% 101% 103% 105% 99% 74 74% 99 ; 108% 100 103 100 y2 104% , 101 Va 101 101'/a Ve •!•- ••. 1—1955 Af-S Int Rys Cent Amer 1st 5s B l.L.1972 Xnt Telep A Teleg deb gold 4%s—1952 Af-N J-D 101 r. 101 Jones A J-J 103% 1033/4 103 7/a series A 106 117 105% 107% 79 78% 39- J-J - "a 106% 1063/4 J-J 1950 102 111%, Af-S 1 gold 5s series C—— 94% 94% J-J ser 99% 106% 100 y2101 J-J *102% J-J < 1033/4 103% 103% W:, f ; -ift ■ _ Laughlin Steel 3y«s—4961 ■ 98 101% 1023/4 103% 105 V* 171. 793/4 12% 80 Kanawha A Mich 1st 29% 12%" 29% : 58 76 , gtd gold 48—1990 A-O v Kansas City Fort Scott A Mem Ry— f ARefunding gtd 4s_—* —1936 A-O fS ACertificates of deposit. 106% 109 106'/a 109 Kansas City Terminal Ry 1073/4 110% 69 69 •63% 52 : 52 r 115% 115 y8 98 *106 1 ? *43% 106 *i2oy8 98 98 1073/4 45% 106 % __ 453/8 114 1053/4 433/8 103 1053/4 1053/4 2%s 1974 Kentucky Central gold 4S-———-^1987 Kentucky A Ind Term 4%s—1961. 98 y2 1073/4 54 104% 106% 120% .;r 4%s unguaranteed * vV / A-O A-O V J-J J-J J-J 79ya :,/5'': 1 1043/4 105 ■ v 64 —1989 Lake Sh A Mich Sou gold 3%s registered 3% s—1997 1997 105 104% 1073/4 122 122 > *71...: 75% 65% : 72 108 3/e 108% 182 108% 108 % *i06y8 > A-O tAKreuger A Toll 5s ctfs 83 JA 107% 103 188 *111%/-a c A-O Koppers Co 1st mtge 3s .85% 105% — • Kings County El L A P 8s—.——j1997 -1964 107% 78 ■l.- *120% " J-J ——1961 107 % - *105 J-Jt 1961 Plain — 79% 79% *__v/ 81 1063/4 106 3A . H£bi —1961 Stamped 52 120% " *182 200 105% 105% Jf-8 10 43A X 43A - ! 104 3/g 107 4% 5% 122% 155 J/4 *102 75 *108% .'-s. s 107% 1073/4 J-J 1950 Electric Auto-Lite 2%s debs Elgin Joliet A East Ry 3 '/tSsee 105 2/a , 103% 104% J-D J-D A ser / J-D 1963 1087/e 109 % 109% A-O J-J footnotes 106% •105% —1963 '108% 108% : AT-S 1962 cons 106 105% . - •*105 —1963 Z D ser Kansas City Southern Ry 1st 38—1950 1st mtge 4s ser A—' .—1975 Jf-N 1937 1st 109 61% J-D 19bl Det Tol A Ironton RR 2%s ser B_l1976 For 65 -63% 66 3/8 J-D Dui Miss A Iron Range Ry 3%s IIADU Sou Shore A Atl gold 5s Ed El 111 (NY) 15 ' 15% M-S 1995 Tunnel A series Terminal Ry 4s •Ref 8lhk fund 67% 77 A-O Gen A ref mtge 3 %s series G—1966; A-ref 3s series H 1970 A 67 - 102% 102,% - James Frankl A Clear 1st 4s—1959 99% 104 V 57 70 A-O Gen A Second ref 5s mtge 4s Hydro El deb 6s__" Internat Paper 5s series A A B 100% 107% ;> 10 . 103 101 *99 — Indianapolis Union Ry 3%s • F-.4 —1968 F__ Detroit A Mackinac 1st lien gold 4s 1995 Detroit Term 50 70 F-A ; — impt 6s series B__— Edison r 106 100% 102% 103 % ' 1956 • 107% I.*—'': ; . A Ref A 58 *108 — J-J Detroit a; 106% 103 100% 100 % 101% 101% *104 • -1950 a C-'/'.iX 102% ,102 1951 —— 97 3/„ 106 106 —/■ s.' 4s f :5s 1st A 1st 103 *106 104% 108% 91% 963A —1951 gold 4s— A 102% ii 66% ri,„ A-O 1973 gold •4%s——— 1936 IDenver A Rio Grande Western RR— s 53 ' A -1950 * gold 3s— . 100% 107»/a 108 96 , 106 1053/8 103% rl04 JA ' IA Ind A Louisville 1st gtd 4s 48%; v" \' 53 V* ^^vv 104 U— *104% 104% >/ Af-N {AConsol AGeneral ina J 15 *103% >—• / 103% —1973 — 105% 105% fe :/ 1963 IDenver A. Rio Grande BR— 5 A 1st , 1953- 1958 -1966 3%s ref Illinois 86 47% — gold 4s__ 1st & ref 4%s series C A 1st __ J-D A-O 109 -—1955 — lines Refunding 5s40-year 4%si Cairo Bridge gold 4s_i 1st : Co— C— 4-.6s 46 :';://-7 /■' 'y '■■■'w.' 5.'' 108% 105% 104% Joint /• A-O 1965 1965 debs mtge A Coll tr 45 104 y8 lAInternat Delaware & Hudson 4s extended Morris ?HH'1 ; 51 :43% ■ D Dayton Pr A Lt 1st mtge 2%s <•". 313A Ai SI Cent and Chle St L A N O— 60 '81 46 if - > :i I •• 104 1 43. *46 1023/4 57% 80% 46 J-D 27, ■ 47 *80% • V,;- ser X'v. 102% 108 *41. —— rets— 5s 80 3/4 33 104 y2 — 76 75 104% 108% 105 47 AX J-J deposit rcts_L—; ref M 67% 104% Gold 76 60 60 58 107 *— A 1st A 111% 113% *111% 69»/2 Springfield Div 1st gold 3%s 1951 Western Lines 1st gold 45-^——1981 Registered % }r: 106% i'- —. Delaware, Lack & West RR N Y, Lack & Western div 94 80 91% __1951 Louisville Div A Term gold 3%s_l953 Omaha Div 1st gold 3s —1951 Bt. Louis Div A Term gold 3s——1951 1043/a S*ii:&i60Z/ZZ/ 7 — series 104% 101'A —1951 Litohfield DIV 1st 105% 101% 104% 3 *56% ,60%: 2%s : 4' 111 .-105% 106% 104% 1043A : J-D Co 150 100 v*. 104% A—1962 1st gold 3%8 gold 3s sterling Purchased 108% 110 111 22 IA Cuba Northern Ry 1st 5%s. & 140 y8 100 % 101 ,1970 , Refunding 4s— A'1 i ' mtge 2%s__1975 Dayton Union Ry 3V4S 103% 104 1033/4 1015/a 102 V* i47-:' 1937 Gas 1st gold 5s 1948 Manhattan 1st 5s A—-1957 Income &s Feb 1957 Collateral trust 27 103% 1033/4 Deere 104% 106% 107 ' _l»ys» Collateral trust gold 4s— 111% 118 . 109% 112% 1063A 106% J-J B 79 , B 1st 106% 109 J-D ser 110 & 108 & Extended 84% 116 — Crucible Steel 3%s s ( debs— A6s *. 1108 Jg 108 ^ - . 130 J-J —1982 Q • 1st ffftlii Sb ; IQSt 1st gold 3%s—..wL.^.1951 101% 102% 1013/4 1013/4 J-J —1956 Deposit receipts A7%s ser A deposit 134 % J-J// J-Jv ' Illinois Central RR— *104% 105% A-O —1956 gold 140 3A 127 % 130 Illinois Bell Telep 2%a series A.^.1981 li t , A-O —1958 i receipts 122'/♦ 136 y8 137 y2 rV. — •109 * F-A —1965- 4s 1st 5s 119% 137 % 137% 129 119% J-J —2000 , Continental Baking 3s debs__. ADepofilt 105 7/a — J-J & AAdJ ■ F-A JS gAConsol Ry non-oonv deb 4s—1954 A Debenture 4s—...i-,1958. ACuba RR 102% 102% 103 *102% 109%; York—" : 1st 64 118 60 J-J ' R] 3s 103 J-D Co Hudson 93% 86% *109% 110 *115 1948 Power 82% 58 116 ' 1990 P— ser Corp Hudson Coal 112 66% '//•' .. F-A 1077 . debentures ADebenture //> 24 87% 89 J-J Hackensack Water 1st mtge 2% 8—1976 105% 106. 1951 Consolidated Cigar Corp 3%s Consumers • 1977 Hoc&uig valley Ky 1st 4v»a_ ISAHousatonic Ry cons gold 5s Household Finance Corp 2%s — f 3%s A—.——1961. debentures— 107% 104 ;/ J-D .1952 mtge inc 5s series A 1st A ref 3%8 series tv; ./• t» debentures 88% 5A -1973 r— Gen .1 107% 107%' 106% >> 106% 107 .*P77 •- Conn Ry A L 1st A ref 4%s 3%s 80 107% 107% ■ 90 79 w- « 113% //': 1 :v Commonwealth. Edison Co—a 3%s . 104 100 • ' *103 A-O 3%s 85 827/a 98 *105 112 1973 Consolidated Edison of New — 103'A 103'A ' . 106% - 131 107% 110 *105% 109 %5 „ — Af-N s 104% 8 106% ••*70 mm'**'- Gulf Mobile A Ohio 4s series B—1978 104% 108%: 1 gold 4S—1948 Columbus A Sou Ohio El 3y«s 1970 Columbus A Tol 1st extl 4« iqkw Conn Elver Power 106% 106 1976 ser ./. ADebentures ctfs 63 112 69 exti series 106 r1- ^ N ser mtge 2%s: mtge 2%s AGreen Bay A 100 1033/4 e >2 1 95%' mtge 3Vas Gen 63 42% 103% ; • 1990 •' inc. debs— Gen mtge 2% s 108% 80% Columbus 3s A ' Berg Co eons 8s—1949 Realty A Utilities Corp— Gen mtge 3y8s ser O—; 100 42% 1991 f 5s mtge 106 99 % 4:>. am-m-'-" -A>v,';v ■•/ »— ir-8 — General 4%s series D General 4%s series E 104% 108% 110 y4 112% 105 107 "5 Colorado A Southern R3^ / 4%s (stamped modified) -1980 1st 1063A ■ 100 V* ' 102 *95% ( ■ J-D 1974 deposit— Great Northern Ry Co— General 5y2s series B L General 5s series C —^ Gen 106 y4 loe Vz v .-^.-1950 1st of % ... - 1073/4 107 105% 105%: uiy» uiy« . ^ 1977 gtd H V ref 5s series A— 106 - \ > , 1st gtd 4%s -1961 Term gtd 5%s——1972 A A conv Gen 106% -1974 1st 4s series B gtd 1st s f 4%s series c - J-J *1969 106 ■ *101% 103% Line Union Jf-N -1934 Certificates of deposit* —— Goodrich (B F) Co. 1st mtge 23/4S_1965 Grays Point T6rm 1st gtd 5s -1947 81 28 14 1975 Bt L Div 1st coll tr gold 4s s *106 100 y8 100 % ISAGa Caro A Nor 1st ext 6s 92 Ve 63':-;' • 1952 *Ref A lmpt 4%s series E 1st M-a IA Georgia A Ala Ry 5s Oct 11948 Certificates of deposit—, " ' 106% 1993 Oleve —1971 1st mtgo 3y«s 103'A 104 101 — 349 iom General 5s series B Cleve Short ♦- General ,261 jpp* 3%s M-a Gas A Elec of 107 , ,88>?^ General gold 4a.:.... Series D J-J -1953 *102% J-J —* 1934 . -2000 ser H 7 93 . 56 -1952 Cleveland Elec Ilium a* ". Cleveland A Pittsburgh RR— /•■/ Series C 3%s gtd G— cons 101% /■ 27 107% 65% "Afc**"/ St Louis Ry— A M Div cons A4s City Investing Co 4s. debs———1961 Cin Wab *1990 Francisco Sugar coU trust 6s—1956 98% 1 Terminal— cmo A 1964 F ser 124% 124% 96% 96% 90 a fAChoctaw Ok A Gulf cona'Ss Cine Gas & Elec 1st mtge 2%s cm E ser 2s 117% 127% j. v 105% 75 $8AChilds Co deb 5s part paidL—1943 SADebentures 5s part paid 1957 eleve ser mtge 3y8s mtge 3y8s ACertificates < gold 4s—*-.1951; 1st mtge gtd 3%s series w 1st mtge 23/4s ser G_- mtge 3V*s cons A 1st 107%' 110% 158 -1927 1st A ref 4%s series n Union A-O ' 95 cons Certificates of deposit— 1— IFlorida East Coast 1st 4%s_—1959 26% 93 82 J-J Firestone Tire A Rub 38 deb—1981 IA Florida Cent A Peninsular 5s—1943 > 1253/4 > 118 100 < 14 105% 105% I 99% 100 81 84 ;; 99% > 1st mtge 3%S series F——.^.1963 1st mtge 2%s set O'-—1963 Chic A West Indiana com 4s 1952 Cincinnati High 83 ; . 11 21% 2013 1st Ohio Div /V'X . ; Low -t l Incomr2%-4%® -------1994 Chicago Unton Station— ■* « : — 1st 99% 8 " "'106 J-J A S'eastern Ry M .23/4-4y4S——1994 ref 125 let • Chicago Terre Haute 1st Range Since January 1 Sold No. ■ 1st v 144 92 Stub - 1st 144 • gold 4%s i960 Chicago St L A New Orleans 5s—1951 Gold 3%s— 1951 Memphis Div *— *112 Railroad Co—- Geu mtge inc 4%s series A ; 88 104 Ya 99 Z v:4> .'.I kno:; ; 106% 65 9 r 1989 stpd ACertificates of deposit-. IA Refunding gold 4s IASeoured 4%s series A A Conv —1968 — ' Erie 99%' 103%; 49 Pacific Ry— 1988 4s Bonds High . • — ? 1001/4 4%s__Jan 1 1999 1st mtge 3s ser B 3i AChlcago Railways 1st 5s 25% partial redemption Friday's Low —1968 El Paso A S W 1st 5s 5s stamped.; 119% 103 ; 5 —1994 Ry— or Bid & Asked 64% 1173/4 10 Jan 1 2044 North Western mtge Week's Range Last Sale Price , 116% 119% 9 -L 7 A Jan 1 2019 ser B ser >/6;. Hi v May 1966 A--—*. ser 4%s inc conv C' 1.118% 119 119% *103% 103% - 100 J-J r 1968 1st & gen 6s series B /"4%s , • Af-Nr; Chicago Ind & Sou 50-year 48 —1958' ' Chic Milw St Paul & pac RR— <• 1st , J-JV ARefunding gold 5s series B—1947 ARefunding. 4s series C— -1947 5s Friday Exchange Stock High 54% 71 . York January 1 Low jn-N k , - gen 57% New Interest Period Since' Range » ro. J-J • 1st & Sold RR— IChicago- Ind & Louisville Ry— / ARefund^ig 6s ser A *.——1947 " r A ' __ F-A mtge 3%s. ser * '-•• > Chicago & Erie 1st gold 5s— *.,1982 Chicago Gt West 1st 4s series A—1988 ■> 118%V; ? :118 119 F-A»: 1970 (conv)— //lst ; i: J -J u_1985 I Bonds High 56% F-Ar 1977 — mtge 2%s_ Chicago & Eastern ,AGen A-O ;> BONDS • *_1958 ,1st A ref 4%s series B ,1st & ref mtge 3%s_ Low WEEK ENDING JULY 5 FOR RANGE 157 102 V2 102% 105% 106% 107% 107% 108% 108 108 107% 1157/a 107 lisy* ; NEW YORK BOND RECORD ~ BONDS New York Exchange BONDS Week's Range Friday Interest Last Period Stock RANGE FOR WEEK ENDING JULY 5 Sale Price or Bonds Friday's Bid & Asked Sold New Range Since York Stock Friday r Week's Range or Friday's Interest Last Period Exchange January I Bale Price Bid ft Asked Bonds Sold Range Sine* January 1 ■ :r;+ :: Lout High No. Low v ■' High Lautaro Nitrate Co Ltd— a 77% ANon-conv deb 4s__— ANon-conv deb ANon-conv deb deb 4s 1st ft ref sink fund 8s.... 107 1970 % 107'/a ,...1954 «—,,, deb 4s Leh Val Harbor. Term gtd 6s Lehigh Valley N Y 4%« ext •95% *95% * 2003 98 . — A Debenture ' §3% 87 80 96% 88% 96% 52% 54 51% 1st 87% 94% . : 65 50-50 57% 2003 c.—.—."2003 . 58 stamped modified , 2003 48% 58 S4% 55- 55.4-. 52 V 65% 62% 6Sf 62% 73% *63% -i 4s Lehigh Valley Terminal Ry est 5s_l9Bi 94 II 93% 1951 1962 *118 i. 117% N Y 1949 " . ■ stamped —1949 *106% 107 106 r-v ? 107^ 107% 106 107% 2.4' C. > > « . Lorlllard (P) Co deb 5s— 1st ft ref M 3%s 118% 118% 105% 105% 105% 104% 106% 1968 105% 105% 105% 104% serle? F 107% 110% 110% 101% 101% 110% 113% 2003 1st ft ref M 27/as ser G 8t Louis Div 2d gold 3s 101% —2003 1980 fttl Knox ft Cino Div 4s..... 1981 , Gen ft ret 119 1946 ft Ref Coll A ser 101 102% 87% 96 ISAMet West Side El (Chic) Central— Jack Lans ft Sag 3%s 1st gold 3%s Ref ft Gas 1st Alst 1979 1st 82 105 107 90% 110 112 ...2047 108 % 108% 107% 112 1975 105% 105% 103% 106% 6 11 1990 95b,X RR— Prior lien 5s series A 15 .1962 series 94 101% 6 88 96% 1978 2 87% 98% A___Jan 1967 38 99% 114% 5s series Alst ft ref 5s series A. General 4s 196% 97% 1988 A 1975 49% 49 95% .1948 G-w--——-1978 : 96% ' 1949 1975 101% 106 1975 101% 105 ser >—1960 gtd 3%s 39 95% 96% 96% 95 V* 96% Gas ft Electric Co— 88 87% 94 106-106% loo 102% 102% 102% 102% 79% b 73 69% . 70% 66. b79 V 79% 73% RU 72% . r 3s series L f, debentures Pennsylvania RR~*? Consol gold 4s 'b 4s sterl stpd dollar Cons staxlng fund 4%s 74% SU. . 89% 77 — 109% 109% 109% 109% 109% 109 % 107 1985 105% 105% 105 % 107 107 104% 107% ~ •109% 114% 4%s 5s Gen mtge Conv deb f ANew England RR A Consol gtd 4s , New 1st , 5s— RR gtd 105% 105% 103% series series *104% 104% 107 May 1 1948 . .. ~ •L:- i:y \ A 124% 1965 B 133% 133% 1968 126% ■ 5s series of Alst 5s series Alst ; 4%s N Y Central RR —1998 imut 3%s registered :Lake Shore coil gold C ser E Connecting RR 2%s lien ft ser 3%s series E ft Harlem gold 3%s Mtge 4s series A Mtge 4s series B N Y Lack ft West 4%s series B 4s series A : series 39 ** 92% 106 106 104 * 94% .95% ' fc 95% 109 Ya ' \ *96% 107 * 99% 89% 90% i 102% 101% 114% 98 Vs 100 } 109% J 91 89 90% 87 95 86 97% 931/* b - — ' __ 102% 1951 *104% 105 82 ■% - 104 « | | 106 100% 100% 100 100%; 102% 103 101% i06% 102% 102% 102% 105 *103-103% — 1965 .. J *106 ' 104% 104% . & and ref 2%s M ref 141 2%s—... of II 108 : Pittsburgh Consolidation Coal— Pk"3%s debentures — Pitts Steel 1st mtge 4%s > "1st mtge 4%i series B 102% 104"% i | ; .. Pitts ft W V« lst .4%8 series A 1959 1960 s Pitts Young ft Ash 1st 4s ser A—1948 1st gen 5s series B 1962 1st gen 5s series C —1974 ;f:. tst 4%a series D 1977 b -j,Plttston Co 5% inc deb 1964 (1st mtge 4%s series B (1st mtge 4%s series O 105% 107 Potomac El 109% my* 108 107% 109 115 113 115% 118% 115% 117 119 % 1973 1973 *113 VK — 117 92% *99% 100% 60 94 83 107% 104% 105% 142% 131 135 18 17% 103% *110 ..1 • *120 *128% >— ■■■ 107 26 21 105% 105% 106% -- 117% 122% 121 122% ... *131%.134 , 120% 123 127% 134% 126% .135 138% 133% 133% 133% 133 137% 137% 137% 134% 142 106 105% 109 — 106 *103% 104% 90 97% 96 103% 4 i Pwr 1st M 100% 104% 104% 104 % 104 106 102 7/e 105% *104% ; __ 101% 102% 101 101 101 102 101% 102% ' 1950 1968 lAProvidence Terminal 4s 1st ft ref mtge \ 3s— 1st ft ref mtge 6s 1st ft ref mtge 8s : 98% 102 % 98% 102 % *_. 109 *109% 110 5/8 1972 2037 *109 2037 *245% 105"% *163% 165 — 98% 102 % 104% 127 ; 3%s——1966 Public Bervlce El ft Gas 3%s 103% 104% 104% 104%. 1st mortgage 3%s 1977 lAProvidence Securities 4a——1987 *115 84% 106 105% 108% 104% 108 104% 107 % 105% 105% V.i.Vr 117 b 92% »' 92% 104% 106% 104% '■ 121 — S 108 — 139% 135% 135% 111% 107% 108% *105% — 1958 110% 110% , 106 104% 104% 104% 104% 105% 2043 125% 19% 19% .20 • — 1965 1950 1950 110% 2000 132% 125% 105% 105% — —1964 1948 2043 122% 128% 137 •106% 107 105% 105% . 1966 1949 131% 141 ti<>e 1977. 1961 1971 1967 1974 1937 Pittsb Cokeft Chem 1st mtge 3%S.1964- i' 92 ■v 1980 Pittsburgh Cine Chi ft 8t LouisSeries E 3%s gtd gold 1949 Beriis F 4s guaranteed gold 1953 r Series G 4s guaranteed 1957 Series H cons guaranteed 4s—.1960 Series I cons 4%s_ 1963 rb''-Series j cons-guaranteed 4%s—1964o; Gen mtge 5s series A 1970 Gen mtge 5s series B 1975 Gen mtge 3%s ser E .—1978 • 89% *83% — 127 98% 97% 99% -w 1974 B 1st s f 4s deposit Phillips Petroleum 2%s debs ■ B—1975 N Y Gas El Lt H ft Pow geld *8 Purchase money gold 4s N Y 91 1986 gold 4s 3%s series D ref 1st 1st 89 1980 1st 5s General gold 4%s series C Philadelphia Co coll tr 4%s Phila Electric 1st ft ref 2%s •85 ' 1998 Dock 1st 99% 1998 .1998 F— 92 102% 103 99% 3%8——.1998 N Y Y .-108% 108%. *104 • 102% 83 94% 89% 91% 1997 N N Y Edison 111% 6 : 92% 93% 99% 100% registered ser 108% 96 106 91% registered mtge 3s 108 Marquette Ry 3%s ser D 1st gold 4s— General 94% 108 93 1997 New York Chicago ft 8t Louis— 1st 110 5 100 3%s Mich Cent coll gold 3%s Ref mtge 3%s 118 15 106 107% . 104% 106% Phila Bait ft Wash 106 2013 impt 4%s series A 3%8 Pere 84% 90 92% 109 ..2013 ft ft 3%s 103% 127% 1 102% 102% 108% — *104% 104% *85% 87 *55 ,00% — 1960 Union Ry 5%s_—1974 114% 90 — A Ref • 102% deposit. series 91% 107 1956 N Y Cent ft Hud River 90 .. y: 105% S *-- .. 1954 Ref 5s Vc i.. deposit series *86 *.. D of ' " deposit of 4s I u- 1956 of ext —...—Apr 1990 ACertificates deposit——— 5%s aeries A ACertificates Peoria ft Pekin 4s IfAPhilippine Ry 1954 of series ACertificates 105% ft Eastern 4s A Income 107'/b — C ACertificates Ibp Alst deposit B ACertificates . Peoria 107% ft Mexico Ry— 5s series A 193B , Peoples Gas L ft c ref 5s.——.1947 110 as /^Certificates Alst 106% 110% 105% 1st ref ft imp 4%s 1952 New Orleans Term 1st gtd 4s—.1953 8 A Nori-cum inc 1952 107% 1986 126% 127 • 127% 127% 107 107% 104% 104% 1984 3%s 97% N O ft N E INew Orleans Te? 4%s series E 125% New Jersey P ft L 1st mtge 3s—-.1974 New Orleans Great Nor 5s A 1983 127% 123% 124% 127 1960 Gen mtge 3%s ser F—.1980 110% — 104% 107% 105% 104% 105% 106% ; 105% 118 *127 125% 111% 113% 102% 103% *104% 105 V* > 99% 98% 98% 110% 111 1952 111 113 1948 107% 101% 101% .1961 107 109% 111 __ 104 110% *..111 .—1945 1st 4s 103% *106% 1945 gtd 5s .... England Tel ft Tel 5s A gtd 4%s series B N J Junction , 103% 104% 1948 111 106% 106% 104% 104% 1965 — General cons 107 114% 116 1952 s General Newark Consol Gas 108% 109% 106% 109% 107% 110% 107% 110% 107% 111% 1979 General 4%s series D.—.1981 National Dairy Products 2%s debs.1970 National Steel 1st mtge 3s 1965 fANa^gatuck RR 1st gold 4s 1954, .... 108% 108% 108% 109 109 1977 . ' 83%- 106% ; V- . M 3s Pennsylvania Glass Sand 3%s 1960 Pennsylvania Power ft Light Co.— 1st mtge 3s 1975 103% 1955 ... 88 102% Constr M 4%* series B—..—..1955 Mutual Fuel Gas 1st gtd 6a ....,.1947 ref *108 — 1971 Gtd 4s series E trust ctfs 102 % 102% " 1974 ft *108% 1970 Pennsylvania Co— *105%: 70- 1960 Pennsylvania-Central Airlines— 3%s conv inc debs..—————.I960 102% 2000 Constr M 58 Berles A— ;96% 96% 1981 ... Moh'k ft Malone 1st gtd gold 4s—1991 Monongahela Ry 3%s series B 1966 Montreal Tramways 5s ext 1951 Morrell (John) ft Co 3s debs 1958 104% 107% Paducah ft 111 1st s f gold 4%s 1955 Paterson ft Passaic G ft E cons Bs.1949 37% 1980 Alst ft tef 5s series I 95% 22 ^ 29 105% 108% —1974 1st ft ref M 3s series M 1st ft ref mtge 3s ser N Pacific Tel ft Tel 2%s debs 96% gold 5%s 1st 4s 1st mtge 3s 2%8 1st ft ref mtge 3%s series I 1st ft ref mtge 3s series J 1st ft ref M 3s series K 50 96% Alst ft ref gold 5s series H Essex guaranteed mtge. Pacific 97% 1977 Alst ft ref 5s series F Alst ft ref 5s series Morris ft 106% 1st D IMlssourl Pacific RR Co— AConv 105% 102% 106% 108% 101% 106% 70% 84. 95%, lQl*f _..._.-1962 49-year 4s series B— ACum adjust 102% 1978 1964 Oregon-Washington RR 3s , 4%s 1974 Oklahoma Gas ft Electric 2%s. 1940 Mo Kansas ft Texas 1st 4s lien 86 SOgdensburg ft Lake Champlaln Ry— Minn St Paul ft Sault Ste Marie— Alst mtge 4%s inc ser A Jan 1971 AGen mtge 4s inc ser A Jan 1991 Prior 115% 127% 122% 84% 94% 113% 89% States Power Co— Ohio Edison mtge 3%s_1969 Missouri-Kansas-Texas 117 88% 28% 23% *100% 1952 I § A Midland of N J 1st ext 5s - ; 101% 103% 1951 impt 4%s series C Michigan Cons 143 143% 108% 105% 4s__1938 Michigan 117% 118% *113 135% 138% 131% 133% 75 75 Metropolitan Edison 1st mtge 2%s.l974 Metrop Wat Sew ft Drain 5%s 1950 137% 13* $ *130% 133 71 86% 1st mtge 2%s 1st mtge 2%s (Wise) 1st mtge 3%s 89% 82 1960 57 107% 108% 4%s | 100% 103% 108% 108% (Minn) 4%s mtge ft coll 4s ser B .1954 Manati Sugar 4s sink fund Feb 11957 AManlla RR (Southern Lines) 4s 1959 49-r109% 2047 impt 4%s series A trust 42 32% 100 _2047 ft Northern 1st 108 4%s serlesA.—.1974 impt 5s series C Ref ft impt 5s series D. Maine Central RR 32% ..1966 J -, Ref ; 75 v Northern Paclflo Ry prior lien 4s—1997 4s registered.. ,4.1997 Gen lien ry ft Id gold 3s Jan 2047 3s registered 2047 ^ 106 116 96 1974 { 105 102% 117% *__ 100 104 -104 - — 56 Norfolk ft Western Ry 1st gold 4s_1996 North Central gen ft ref 5s 118% 120 1963 1951 ........ 3s debentures Louisville Gas ft EJec 3%s Louisville ft Nashville RR—- 39% iMfl mtge 4%a series A,.........1998 AGen mtge 5s eonv Inc....... .,..,',2014 . . . 1943 v 90% 1 ; 1937 - . '107% 58 1st 107% : 84% 104% 108% 105 —1937 gold 4%s &; § A General gold A Terminal 1st gold 5s IIAN Y West ft Bost 1st 4%s Niagara Falls Power 3%s Norfolk Southern Ry Co— * *106% 107 \ — Guaranteed ref gold 4s___—I—1949 Susq & w 1st ref 5s IA2d f " Long Island unified 4«_ 21% 9% * 94% 132 117% 117% i 1 26% U 15% :*'i 102% 106% ;■! 108% 111 ft Putnam 1st cons gtd 4s 1993 N Y Queens El Lt ft Pow 3%s 1968 N Y Steam Corp 1st 3%e—„ 1963 i ; 136% 120% 83% 94% #132 1968 1954 IAN Y Ont ft West ref 4s—June 1993 A General 4s 1958 N Y Power ft Light 1st mtge 2%s_1975 15AN Y Lex ft Eastern 1st 50-yr 5s gtd Uggett & Myers Tobacco 5s Little Miami gen 4s series A 1957 . i 60 57% ——2003 - 4s ? ^ stamped modified 4s registered..,— 4%s stamped modified C ! 4%s registered 1954 A 1st ft ret 4%s series of 1927—1967 IA Harlem River & Port Chester— v 86 86% 96% 3%s Debenture certificates 3%s.—1950 AConv deb 6s .1948 i A Collateral trust 6s 1940 96 96 1954 48 4s High 1947 a *100% .. 1950 V-v fc lot* 1950 .. 1964 —.1964 1974 1974 1st ft ref sink- fund fis—— 5s stamped Lehigh Valley RR— *100 .-w^.1984 1st ft ref sink fund 5s— 5s stamped—r_. ' NO. 1958 ANon-conv 66 1975 Lehigh: Valley Coal Go— ) '■ 3%r- 104% 107% ANon-conv mtge Income reg Lehigh Coal ft Navigation Co.— S F mtge 3%s ser A__ stamped- High |N 7 New Haven ft Hartford RR— 1st 5s Lout 105% 127 t THE COMMERCIAL & FINANCIAL CHRONICLE Number 4S0S Volume 164 NEW YORK BOND RECORD RANGE .BONDS New York Stock Friday .->,1 Interest Exchange Last . Period FOR WEEK JULY 5 ENDING V BONDS Week's Range ' or Bonds Friday's Bid & Asked Sale Price Low J ; New Range Since January 1 Sold High Low " Friday Interest Exchange Stock York Period Week's Range Last Friday's or Sale Price Range Since January 1 Sold High Ho. Low High 2019 1989 1959 129% 137% 103 105% 19Q» 105 % 108 High Quaker Oats 2%s deb. Bonds Bid & Asked Low Terminal RR Assn of St Louis— Ref & Imp M 4s ser C 2%s series D Ref & Imp Texas Corp 3s deb .debentures as & Texas Orleans New 109 106 RRr— 1st & ref M 3 Vis ser B 1970 101% 1027/a 1st & M 3%s ser C 1990 A 99J/a 100 % 152% ref Texas & Pacific •109% 110% 60% V' 103%' Trenton Gas 4t Elec 1st gold 6s Tri-Continental Corp Electric Union 106 : 101 / 102% 107 95 -vlsb. M •• 73% 73 60% 78% United 2%s Biscuit debs 77% U S Rubber 2%s debs. 52% Universal Pictures 3%s debs 40% 93 90% 114% 54% 106% 129% 132% 122 61% 61 54 106% 122% 123 109 115 114 114% 109 109% *99 100 5s cons 104 103% •120 1958 60% 69 80% 69 81% 69 81% 105 106% 113 Wabash RR Co— 1st Baking Co 5%s (subordinated) gold 3%s__2000 Washington Central Ry 1st 4s 1948 Washington Terminal 2%s ser A 1970 Westchester Ltg 5s stpd gtd 1950 25% 108 99% 109 108 104 102 109% 110'A 104% 105 Registered 110% 105 107 j'-fc ^Certificates • "I 104 106 Va 108 103 3 109% 103% 105 105 91 81 108% 15 105% 117% 123 ^*120 145 116 108% 108% 123% 120'A 128 126% 135% 107% 109% 105 Va 106 103 Wisconsin Public Service 3%s 90 83% . 1949 •84% V 87% of deposit—. lASu & Du div & term 1st 4s___1930 A Certificates of deposit Wisconsin Elec Power 3%s ...1968 104'A 109 37% . A 36% 81 105% 108 Va 109 110 *109% 110 1971 56 107% 105 54 % 34 20 4* ; V1 f A Wisconsin Central 1st 4s_ :97 133 107'/a 101% 103% 86 94% ft : *— 102% •106V8 106% 1970 1958 1980 1st 4s__. M 109 109 97 109 95% 108 95% 108% 35 95 67 102'A 96 51 84% 117.% 107 % 6 » * , *102'/a 102%; 87 88% 83% 84Va 88 1992 Wheeling Steel 3% series C Wilson & Co 1st mortgage 3s 92^93% *106 105 Va 115% 'A 104 105 103% 103% 105 105'A 105 105 % 2361 1949 — Wheeling & Lake Erie RR 4s Gen & ref M 2%s series A Winston-Salem S B 97% 5 ^ A 112 •103% 104 % 104 102% 107% 109% 110 113% — • 106% 10 19 106 106 • .113% 1951 2361 1st 4s guaranteed West Shore 103 105% 105% . •' 59% 102 Va -- - Westinghouse El & Mfg 2y0s 108% 105% 106 — 110% 68% 106 * — : series I 1966 Maryland 1st 4s 1952 Western Pacific 4 %s inc ser A 2014 Western Union Telegraph Cc— Funding & real estate 4%s 1950 25-year gold 5s 1951 30-year 5s ——1960 114% 102% 23 115% 115 % Western 112% 104 '• •lOlVa 103 West Penn Power 3%s 100% 113 A >' 93 9 . 102 99 106% 92% -- 107% 107% •59% 63 — ..pen mtge 3 %s——.1967 /'•-'J:.-.-'i. ,;,'f , 95 105% 105% — 107% iQ7ft T , Warren RR 1st ref gtd 90% 105 94% debs Ward 99% 101% 19 , A Gen 107 80 mtge 4s inc ser A Jan 1981 mtge inc 4%s ser B—Jan 1991 mtge 3'As ser B 1971 A Gen 101% 110 51 106% 67% j 104% 107% 105 107% 104 Va 106'/a 104 — 103% noo 125% 53 *104% 101% 104% 129% 55 105% 106 " Virginian Ry 3s ser BMMmmM.1995 127% 120 118 *105% 106'/a 99% 102% 104% 104% — Va Iron Coal & Coke 1st 126 100% 101% i 104 i: 104 101% 1976 —1959 . Virginia Electric & Power Co— 1st & ref mtge 2%s ser E 1975 1st gold 58—1949 Va & Southwest 1st gtd 5s—. 2003 63% 105% 126 103% Vandalia RR cons g 4s series A—1989 Cons s f 4a series B 1957 105 114% 126% 128 107% 99% 103% .103% 103% . „ 100 86 122 98 %' 120 93 133% 133% 107 Va 108'A 104% 105% 52% 112% *121 102% . — 1966 41% 105 103% 103% 102% 10233 ^.106% 106% 98% 98% 99% 'A 56% 34 104% 105% < & land 56% 107 , 102% 103% Pacific RR— 112% 104 A 34 no3% • 1970 1st 109% ♦110% 112% 103 — grant 4s——...—1047 27/as debentures 1976 Ref mtge 2%s series C 1991 Union 110 ; 102% 103 34%' 1967 2%s debentures 99% 102% 106% ; 104% 103 110 A'j5105. ■ 1943 Union Oil of Calif 3s debs 98 61 1971 82% 51% T02%1Q2% ... coll tr 2 %$.——-——1975 & 88% 104 102% 104 73% t ; 73% 74 % r»103% 105 % A.. ;*109% —A : 27/as debs—1961 of Mo 3%s Co • 105% 1027/e •103% — 1940 fSAUnion Elev Ry (Chic) 5s 97% 100% *104% 102% 106, 1985 Tenn RR of New Orl 3%s~1974 Third Ave Ry 1st ref 4s i960 AAclJ income 5« Jan 1960 Tol & Ohio Gent ref k lmpt 3%a..l960 •108% 106 142 y« 2000 Texas Pacific-Missouri— Pac 59 ref & Gen •125% 1st gold 5s M 3%s ser E 106 NEW YORK CURB EXCHANGE WEEKLY AND YEARLY RECORD NOTICE—Cash and deferred delivery sales are. disregarded In the week's range unless they are the only transactions of the week, and when In a footnote in the week in which they occur. No account is taken of such sales in _ selling outside the tegular weekly range are show* computing the range for the year. In the following extensive list furnish a complete record of the transactions on the New York Curb Exchange for the week beginning on Saturday Friday (July 5). It is compiled from the daily reports of the Curb Exchange itself, and is intended to include every security, whether stock or bond, in which any dealings have occurred during the current year, June 29 and ending ;V:':•' -V the we present ' ' RANGE FOR WEEK ENDING JULY 5 _ STOCKS Friday New York Curb Exchange Week's V Sales 'Range for Week Last Sale Price of Prices n Per ACP-Brill. Motors - warrants..— Acme Aluminum —.U,'' Alloys—k— Aero Co i £ ; -..-9 — 1 Investors Convertible common - High Low 8% • " 200 400 25'A Jun 5% 200 6% 6% 2,400 5% 5% Jan; 8. convertible 5- L— 3 17% 800 16% Jan 18 500 15 ' -5-%: __ —10 preferred-. Electric Appliance. Jan Aluminum Goods 7% Feb Aluminum Industries ; 6% 5% ■ 100 • ■ i 21 ' Apr 23% > Feb Jan 5% Feb •' • 6% Ltd 5% Feb American i, 21% — Book 14% 15% 600 Convertible 7% * 7% 100 Class 4,300 American Mfg Power : 400 150 200 69 69 15Va 54% Great Alabama .' Power 4.20% • Southern—— pfd Alaska Airlines aijcs & Fisher common Inc : —; A A_. ! : —— Allied Int'l Investing $3 conv pfd. Allied Products (Mich) common.. For footnotes see page 176, Jan American Cyanamld Co common 110% May 12 May American & 133% 16 48 29 1 « Jan 'May , Fork American Jun Gas - V.-' 4% % : Foreign Power warrants. American & & Hoe common Electric 1 preferred 4%%'pfd called 5 50 200 54% - Jan V 85% 118 Apr 121 22% July • 25% : 20% Jun : 5 ' 26 "' 116% Jan 206% 110 Feb 114% 4% Apr 5% 55 f 57 Mar ' 5-76 v. - 14'A Jun 22»A r - & Light— ; class 400 196% 5_1< 50% Mar July Feb Feb Jan May May May Apr Jan 50% Jan - - 10 • 55 Apr 47% Jan 52 Jun 7% Jan 47% Jan -1% Jan 100 250 900 57% 59% -2,700 •2% 2% 4,400 24% 25%- • 300 43'A 44'/2 '-- 1,500 110%.111'AVcv » 50 109 tt 1097/a:ir-: 250 50- 9Va Alabama 300 100 * 22% 21% 15 1( Co Cities 15 4,400 5>-v 63% 85% 1 High Low 112%112% 4% 47/a 195 —1 :.5v Range Since January 13% Mar 22% - common ..r ; Shares High 114% 115 common Central American __ 11% 7% Mfg preferred...— __ ' Range 83 — 1 — American Beverage common 11% 12 - preferred Aluminium 17% 17% — —50C Air-Way Aluminum Co common Jun Jan 13% v Sales for Week Week's of Prices Altorfer Bros Co cominorC————• 22 30% Jan " Low 11% Feb 19% July 30 5% 5 20%' 25% ; Last Sale Price High *7% Apr 19% . Friday stocks Exchange { Range Since January 1 25% 6% 10 preferred——* Alreon Mfg Corp 60c • New York Curb Shares.v ' Ainsworth Mfg common—*.—..—8 Air Associates Ino (N J) Air 8 - — 19% — Supply Mfg class B vil/-'. ' ^ — ■■ 1 lb Acme V;ire Co common..— A D P Low v • 11% Apr 63% May 5% Jan 21V. Mar x40% Feb * • - s' 29 Jun 49% Apr V ' 313 Jan 109% Jun >, 109% July 109% Jun Jttii1; CHRONICLE THE COMKERCXAi; & FINANCIAL Monday, July 8,.1946 J!!-': -1" J*!./"':. f:. NEW YORK CURB EXCHANGE '' TOCKS y Last . Sale Price .-.•■v American Laundry Macb American Light & Trac common 6% preferredAmerican Mfg Co STOCKS 2,000 50% 350 8eal-Kap common Superpower Corp com ~4% • 48 $6 series preferred American Thread 5% 47% . common *5% —_• Appalachian Elec Pwr 4%% Argus Inc. -w—— pfd .1 non-voting— - 110 111% 13% 1,400 10% 6% 600 - -— 7 6% 6% 10% s* 2,000 60 48 % 15% Birm & Coast RR Co Coast Fisheries Atlantic 12% 12% *2% Club Jan Jun 115% Feb Jun 27% Jan Atlas Plywood 23% 1,000 19% 13% 2,300 10% Mar 14% May 12% May Automatic ~2% "5% — .. ii -——1 —50 2,000' 8 Products 8% —1 — 8% 3% 34% 34% * 14% 11% May 16% 91 13% 36 1,000 24 Jan Apr 14 14% 2,000 13 21% 100 17 M.— Voting Machine Avery (B F) & Sons common... —•• 10 % 8% Mar 6% preferred.. — — Ayrshire Collieries Corp. — — — — — Feb 28 26% Jan 41 25% Fuel Baldwin Banco Rubber de —,.^,,.—30 Co common—1 500 55% 42% 100 41 % Apr 500 15% Jan 20 shares— Barium Steel Barlow St Corp Seelig ——1 10 10 11 8% 9,400 15 21% 9% 21% 9% 8% Jan 12 Beau Brummel Ties. 25 14 Jan 28 36 22 Apr 1 30 30% 6% Benson May 'Jan 23 36% Berkey & Gay Furniture——! 41/4 Ridge Corp common.— Blumenthal (S) & Co.—— —* Bohack (H C) Co common—.—* ^ / 1.%,; 1st preferred—— —.100 10,500 100 12 5% 5% 56 56 56 55 34% 34% 36% 65 45 65 39 Mfg Co 25% 4% 31 1% 500 10% common American Oil Co American Am British Celanese Amer B 13% (EL) Bruok Silk 1 —5 -• Sullivan 2.50 Burma Corp Am dep rets *. Burry Biscuit Corp ———12 %0 Butler (P H) common 25c common v & Wireless— Callite - dep rets 5% pfd— Sugar Estate—; Electric Tungsten Power— Fire Canada Bread § ———• common 6%% preferred • Canadian Industrial Alconoi— Class A Class B 1 1 Co; Ltd Ltd 51 10 Insurance Canadai Cement Co 15 5% May 800 — ■" 12 "■&.%- 2% —— Capital Jan 100 Jan 8% 41 % Mar 13 ii Mar 26% J/4 22,300 9% 2,000 • 400 2 ~ . Jun Jun 7% Mar .1 Y, Z Juil 4 % Fei* „' / Jan 90 Jan St Jan Apr Jan Feb 3% 28% 173/4 Jan 88% 5 Jan Jan 16% Feb 49 I Jun Jan 24% 91 Jan 116 116% 110 115 108 112, Jan Feb 10% 10% 10% 1,100 Apr Apr 9V4 Jan 118% 130 89 89 92 750 71% Jan x93% 32% 32% 33 200 22 Jan 100 4 May 34 Jan Corp 4% 39 • 700 90 4% 82 100 39 5o 1% " 72% * 26 ——• common —50 5 11% 6% 47 26 33 43 14% Apr 20 100 Jan Feb Feb May Feb 83 Jun 26% July 7% Jan 110 Jan Apr Jan 5% 4,400 4% Jan 38% 39% 225 36% May 43 9% Jun 11 Jan 37 37% 4,100 24"% Mar 38 May 6% Jan \ dep receipts (ord reg)—.£1 Petroleum 37% 0 Co Cent Cork International , 3 3% 15% 20 .—5 "~9% 9% 21% 21% 29% (Md) 10% 9 36 100 250 18% Jan 4% 6% 3% 31% 120 31 24 Jan 10% 36 6% Jun 60 July 29% 4,800 106% 107 Apr 23% May 10% May 27% July 400 36 30 - 106% 14% Feb 7% Mar 6,800 1,350 35 31 30% Sugar. preferred i—,— 4,200 9% 36% Jun 108 105% May 60 Feb 21% 13 900 22 4 5% Jan 800 - 10% 27% 2% Mar 11,400 16% 19 A——* Petrol Tobacco Jun Apr 3% Feb Jan July 5% Mar 400 Jan 17% May 1% July 31 300 106% 107 1 preferred 39 Mar 26 400 » 12% 25 % 350 26% 5% - 5% ——1 Feb 9% Jan Jan 3,100 1,600 77 Si Petroleum Jun May 3 108% 109 % 15% Lighting Feb Apr 37% Mar 100 29% convertible Jun Jun Apr Apr Feb May 26 10.1 25 10 10 100 Feb 50 8% Jan 15% May 13% 17 20 Feb 79% 79% 25 50 Jan 87 May 37 37 50 36% May 26 Inc common Mar May 17 26 common—... (Mo)— 37 Gasket St Mfg 2,000 12 J/8 ,* —1 — 19% 38% Jan 12% Co Distillers Co : ^ %May 5% —1 I Domestic industries class A com——1 • Dominion Bridge Co Ltd— • Dominion Steel St Coal B 29 Dominion Tar St Chem Co Ltd——• "T-'nV'i? 24% 25% 17 »/4 200 26 26 26% j f. I 25 Jan Am dep rets ord reg Hosiery class B Durham 28% common 17% 700 21% May 20% Mar >■ 23 23 •vri% 24 15% 16% 15 2,500 5»/2 5% 3,800 18% 19% 18%';-! 2,500 83% Mar 54 Mar 98% Jan 8%.Ma*, Feb 16 * 6%, Jan 14% Jan .■* 6 • common :: '»>* 45 Jun Carolina P & L $5 pfd-. (J W) Co com., Jan 33 / 68 Jun 122 ; Apr Jun 14% Apr 36% Jun Products—. (A MX St Co 51 t; Apr 22% July 6% preferred— Sastern Malleable, Iron :M 164% May 4% Jan 4 % % prior, preferred— ■■ 100 100 6 v ; t 81 ' 82 $6 $5 preferred Easy Washing Machine B:— Economy Grocery Stores $3.50 common,, pfd formerly: $5. $4.20 pfd. formerly $6. 4% i. 96 400. 96% - . 50, 88 !: 89 J/2 Z 350 50% 52 J/8 750 ' 13% ■—...* —* .,..,.! Feb 65 37% Mar preferred series A. preferred series B. Bond St Share 97% Jan ;, ,.—,.00 Sastern Sugar Associate*-?- Electric -8v,:'"jran 125.:',; 84 J/4 4 (7 8oq '6% 1 103% 104!. ■ , 8% Jan 83 . 23% 23% 24% 71% 71% 71% 72% 71% 73% 1,400 - 3% May 69 68; . Mar Mar Apr Feb .'<41 % May 21% May Jun 11% Mar *"** Feb Apr 22% 38% 1;'.! Tr:i Cast Gas & Fuel Assoc r' Jun 24% 28% > 17% Apr May ! Jun 5% Jan Duro Test Corp common—.—.! Duval Texas Sulphur-— 100 29"% Jan 600 Jun 12% Mar 17% July Jun 17% July 10 ——• ,y 'm — Dunlop Rubber Co Ltd— i 17% May 39% May 10% * Duke Power Co Jan Jan Jan 23% May 1,000 17 »/4 il'iVmii.1 , Jan 7% Feb 4% 2,700 Dobeckmun Co common Driver Harris Co Jun Apr 8% 1,400 13% ■ li'/s Feb 5% Xl3'/a 24% ; £1 ——I dep rets ord reg— Divco Corp common— Draper' Corp 35 ' Am I. 13% May 21% Jan 31% Mar 5% 13% , 1 Ltd— Jun Jun May 20% Class B— Diana Stores Corp 180 11 900 17 J/4 8 —J* common. 21 Feb Feb 23% Jan ,,,1 preferred.—.. Jan 13 20 1 38% Mar 20% 13% Jan 145 , preferred 16% 100 19 19 Mfg class A common——0 debenture.....———100 7% 13% 8'A July 23 May 34 48 Jan 109% 14% Atlantic Jan Jan 116% 277/8 Devoe & Raynolds 5 24% May 176. 12% 1 St De Vilbiss e%May—- • ■ , page 3 —.—106 6% 3% May ;; 8%: Feb4-; 10% Jan A see • Derby Oil St Ref Corp 3%Mar —a, City Products.. For footnotes 97 200 - 3% ::;4;■>. Feb 25 % Corp of America.. Jan 50% July 100 Utilities Co Detroit 19% May 15 6% 43 Apr July .100 Inc 8% 12% Jan • Carter Castle 180 —-1 16% Jun 8% Carnation Co- common Catalln Co Dennison 25% Jun 15% Jan 18% Mar 2 Apr Apr 7% May 38% May 1,300 38 3 Davenport Hosiery Mills. Dayton Rubber Mfg class A conv—.35 Feb 2,100 8% : 40 99% 100% 1 14% Jun 50 May 1,700 1 38% 25% 17% 4% Jun 14,700 May 102% Jan Mar Class B Casca Southern Detroit Gray Iron Foundry.., Detroit Mich Stove Co common _ class 20 Jan July 7% 14- Detroit Steel Products—10 voting voting... St Co : 1% 4% Jan Canadian Marconi Carman Jan 7% Jan non preferred 1,400 Fdy St Machine Co—.—1 Curtis Jun 31 Canadian Industries Ltd— 7%- 8% 7% 17 ! Jun 33 Jan 2 16 J/4 50 76% May 700 25% 16 26 400 Apr 100 14% 1,000 50% •4% Jan 12% 14% 29% 50 28 49% 24% 1,000 28 44 16 14% —i. 4% " 800 'r~ 11:1 9% 500 200 ; Apr 16% y Corp Camden 60e .-50fl American California 69% Jun 105 250 Dominion ,Textil» Co. Titol.. .ii \<Cable Electric Products Voting trust certificates Calamba 30% 66 —• Buckeye Pipe Line & 30% 50 Jan 44% Cuban 21% Jun 1,600 ——* common Co common Mills Ltd Hill 13% 30% 1 $5 prior preferred— Brown Rubber Co Cables 6% Mar 1,700 24% Jan 25% Jan 3% Mar Brown Forman Distillers Bunker 5% .100 Brown Fence & wire common. Class A preferred Bruce 36 25 20% Jun Power class 38 Feb 20% May ....... 450 50 16 100 Steel Ii fi V ; ■i U r \l : r Feb Mar Jun 12% Ltd— Columbia Class Feb 23% Apr dep rets ord reg British 9 20 14 42 5% Jan 200 14% warrants.. Arms Gas Curtis Mfg Co Feb Tobacco- dep rects ord bearer dep rets ord reg 32 Electric— Biscuit Brewing Jun Jun 12% Apr 24% Apr Feb 33 British 31 7% Mar 20% A.¬ British Am Feb Jan July 6'A May 10,500 12% Cuban 5% 11 14 Crystal Oil Refining common $6 preferred 31% Apr Jun 14% Mar 14 Crown Drug Co common————25c "% convertible preferred———.20 27% Jan 31% Feb 4% 41% 161VA 25 41 Jan Jun 21% Jan 14 Crown Jan Mar 1,400 1,800 Feb Feb 155 Jun 21% JUn 15'/a May —• Crown Feb 19 600 4% Bridgeport Ga6 Light Co Bridgeport Oil Co 21 25% Co Crosley Motors Inc — <i»-■■■■* Crowley Milner St Co——-———1 Jan 21 2oy4 ,, 7 15% 48% .—7.50 Iron I it j Feb m Jan 400 • , Corp common.— Brewster Aeronautical— Jun 4 184% May 60 series B preferred American May 65 i 15% Jun 200 • Creole 150Jen Jan ^19 ! Courtaulds Ltd— 70% May Mar 6% 15'/8 49 preferred series C S% 39% Jan 'Feb 14 25% 6% Reynolds.— $6 preferred A Jun 56% 13% 25 15 "/a common New common Jan 6% Feb 135 Breeze Class 16% 49 25% Jan Borne Sorymser Co—28 yBourjois Inc —* Brillo ; Apr Jan 13% 1,500 250 Cosden ! 1 s m Jan * 18 J/4 25% Jan 24 % 140 140 18 — & Textile May 13% Feb 24% Cor/oon ' 26% 1,250 preferred Croft 6 Jan 5% Jun , Brazilian Traction Lgt St Pwr 40% 4% Jun 19% 30 5% optional convertible preferred—* 4% 23% Jun 9,800 • 2,100 9% Feb 194'v May 34% Jan 36% July 40 37 23% Bickfords Inc common ——1 Birdsboro Steel Fdy & Mach Co com—* Blauner's common * $3 6 St Hedges common * Convertible preferred——---• Blue 21% Jan 6% 165 1 Canada..—,———100 41 150 38,300 Coro 39"% Apr 33 % May Beck (AS) Shoe Corp Bellanca Aircraft common Bell Tel of 38% 157% 159% ; Cook Paint & Varnish Co "May 25 38% —I—* Inc.— & Jan 88 14% Apr 2% Jan 150 -/if -May 34 Jun Feb . 750 , 4% Feb 32 —2.50 Beaunlt Mills Inc " f Jan Feb 28% 10% 20% Mar 73% May 4,100 , ? Copper Range Co.,. Cornucopia Gold Mines 21% July 19% Feb 17 ■ I 2% % Feb Mfg— $1.20 convertible A common. Basic Refractories Inc.—. .Bauman (L) common... 2 »/4 168 J/4 170 4% Continental Mar Jan $ 37% Consol 12 18 2% 170 1 Consolidated Jan July 10 __ _ 17 17% ...100 Consolidated Mining St 8melt Ltd—0 Consolidated Retail Stores— 1 Consolidated Royalty Oil—— —10 los Andes- American 50 22 '■? —4 Consol GEL P Bait common 42% Feb 16% 77 25 Consolidated May 16 77 warrants— $3 May 42% 16 25 ' ■ V t c extended to 1946. —1 Conn Gas & Coke Secur common • Jan Apr 63 39% Feb 27% 29 16% Mar 30(| to Co Commonwealth Consolidated 54 — 27% 77 10 Community Public Service Community Water Service Compo Shoe Machinery— B preferred! — —..5 Illuminating Fire Patent 4 Vo 7%' Ju 6% Jan 16% Jan * preference 4%% Babcock & Wilcox Co.. Baldwin Locomotive— 1- r ! 25% Products Plow Mills 8% 22% Jan Feb 26% Development ordinary., Colt's 38% May 18% Jan 25'/a 2,400 Corp Columbia Gas & Apr 78 7 J/4 Utensil— Changed Colorado Jan Jan 10% Jun. Coal Colonial Jan Mar 8 1,200 — 6% „ —10 ; Colonial-' Airlines Jan 8,200 11% 21% — 52% May 6% Co. Aluminum Colon Feb 10% Automatic > Jan 2% Apr — — — Corp 53% May Jan - ' Electric Cockshutt pfd—100 Atlantic Coast Line Co Atlas Corp warrants Jan 36 158% Aluminum Name 8% Apr 11 10% Mar 111% Club Jun 8 10% 22 American dep rects reg Associated Tel St Tel class A———— Jan 37 25 Neon Clinchfield Associated Electric Industries— Atlanta 106! 20 46 0 Mach^——— Controller Cleveland Jun ' Associated Laundries of America. 30 49 Lights Inc Clayton & Lambert Mfg. Apr 115% Jan Jun Feb 5% Feb 5% Feb 4,700 10% 113% 10% 113 Aro Equipment Corp ——.2A0 Ashland Oil & Refining Co_——1 141 46 —.10 Claude " Jan Jan 49 preferred. Clark May 6% Feb Mar Mar '6% • ** 5 35 13% 13% 6% preferred—10 Arkansas Power & Light $7 preferred-* .v.. 400 300 Xll2% 113 113 100 ... Arkansas Natural Gas common—,—* Common class A 5% 43 21 16% July 44% 5% Z 100 16% 37 140 1 preferred B $6 preferred BB. City Auto stamping ... City & Suburban Homes.. 16% 10 % 450 33% July 106 100 -1—1. $6 4,800 High Jan May 100 60c 1 Apex-Elec Mfg Co 46% Cities Service common-. £1 Angostura-Wuppejman 13 Mining.—. JChilds Co preferred — ——1 dep rets ord reg 12% Chief Consolidated 76% 18 106 45 tftiicagd'.-Rivet Ik Anchor Post Products.—.—a Am 2,800 45% i' 19% "2% preferred 5 American Writing Paper common,.,..-* Angerman Co Inc common Anglo-Iranian Oil Co Ltd— Low 33% 12% Cherry-Burrell common—., Chesebrough Mfg new common . Range Since January 1 High 31 50c Chamberlin Co of America Chans Corp common.., 2 lOo • 33 Share*" 100 Conv pfd opt div ser 1929 Cessna Aircraft Co common • American 1 Conv pfd opt dlv ser 30% ——1 Low par Products Sales for Week of Prices SCent States Elec 6% preferred 100 7% preferred ——100 25 CO Ohio Steel Central Pow St Lt 4% pfd Central & South West Utilities 26% 25 Last ^Z^ZcZ'^Z-■ Central 4% 49% , Range Since January 1 Low High Shares Week's Range Friday Sale Price 44 25 American Potash ds Chem class A—J* Class'B >.——>* ' American Republics —10 Amer WEEK ENDING JOLF S New York Curb Exchange High 4% 50% —20 common American Maracaibo American Meter Co Range. Low 4% Corp common— lOe $2 convertible preferred —1 $2.50 convertible preferred 1 American Hard Rubber Co —25 R4NGE FOR ■ Sales % tor Week of Prices Par General • ! Friday Curb Exchange * i Ii ^olt^^'io^Nuinibe^ THE COMMERCIAL S FINANCIAL CHRONICLE 4505: NEW YORK CURB EXCHANGE **''.BtBEiw'iuc-WMWirorr . STOCKS New York Curb Exchange ... Friday <• Week's Range of Prices Par Low Electric Power ft Light 2d pfd Elliott Co 5% common preferred 165 10 J/4 1 10 J/4 23 23 6% 15 24% 25Y4 29% 32 Apr 550 26J/4 29% 27 24 Jun 30% Apr 24% Jan 39% Feb 53% Apr 1,800 Empire District Electric 5% pfd 100 Derrick & Equipment— f Equity Corp common —10t $3 convertible preferred ——1 109 Jan 112 13 Mar 16 Emsco Esquire Ino Eureka Pipe Imperial Chemical Industries— Am dep rets regis, Imperial Oil (Can) coupon. Registered Imperial Tobacco of CanadaImperial Tobacco of Great Britain 19% Feb 50 — Illinois Jan 100 l3/4 ~3% ~3% 7,100 3% Jan 52% 52 52 J/a 225 49% Jan Jan 1 151/2 153/4 200 14% *——10 33J/2 34 250 Apr 30% Jan Zinc common Jan Indianapolis Pow ft Lt 4% Jan Indiana 22 7 % Feb 34% Jun 6% preferred Palrchild Camera ft Inst Co pfd- Fairchild Engine ft Falstaff Brewing Airplane 15% 1 - 7'A 71/4 • — 33J/4 Fedders-Quigan Corp 1 Federal Compress ft Warehouse Co—21 Fire 33 623/4 (M /phu^i H) 5% Jan 21% May 31 % Mar — || 14 '/a 5,400 11% 8% Feb 1 r * • : Feb International Petroleum 17% Jan fll ; Feb International 26% 80 25 Jan 29 Feb 62% 10 60 Jun 70% Feb International 24 24 100 23 Jun 31% Apr .' 7% 7% 800 7 Mar 8% 23 Jun 29% Jan Amer dep rets 35 241/4 26 26 5 bearer. Fort Pitt Brewing Co (Peter) Brewing- Fox Franklin Fuller S3 9 (Geo A) Co— stock convertible 25% Jun 400 9% 1 5 600 49 J/2 July 1,300 9% Jan 2,450 27% Jan 49% July 19 30% May 39% July Mar Mar 110 20 85 May 110 July 150 — 28 100 * preferred——1M iia 60 92 J/a 750 Jan p 94 Jan Jun 109% Jun; 123 Jun 112 Jan 24% Jun Jan /■?;; 33% Jan 65% 300 66 58 Mar 15 J/a 73 Ya Apr 18 Jun Jun 31Y4 May 28% Jan. 17 ' 17% 17% 500 ——10 15% 5% 300 14% common*.——5 14% 200 2% 16 J/2 1,100 5% 1,800 Razor B—• Utilities 21 Feb 16% May 6,600 17% 15 ■ 17 17% shi—* Royalty i Iron Fireman Mfg voting trust ctfsl—• Irving Air Chute. —1 Italian Superpower 2 28 J/4 28'A 28 J% 10% 11 2% 20J/a 19J/a 16 16% May Mar 1% 26 : 63 it- '* Jun May 3% Feb 32. Jan . Jan May - 7% Mar 14% May 600; 2% 24Yb !r' ~ 200 10 J/8 35 Jun 24% Jan r , ,10% Jan 4% Jan 30J/a 2% ; Jun x 2% 10% May 2% Apr 200 V Feb 13% Jan 3% Apr 7% Mar 7% Mar 250 25% : 35 39% i : 39J/2 49 243/8 24% eonv 4% 25 5% ' .1J1 Stores i26! 102% 104% 30 J/a 110% Jan Jan 23% — Class B voting. Ford Motor of France— 90 Interstate Power $7 preferred——* Jan 1,100 23% • 15% Jan 14% Jan 25% Jun' 109% Jui^ 340 '•iff. Investors . 109% 110 1 coupon Products International Safety Ford Motor of Canada— Class A non-voting 109% „• • 26% — Jan. Jun ./ Co Registered . dep rets ord reg jun 12% ' Jan Apr 62% — — Investment 40% 26% 12'/a 12% 100 International Minerals and Chemicals- Co— 5<t to $1 Stores Ford Motor Co Ltd— Am 12,200 17% 1,900 2,200 13% ^ International Metal Industries A Jan 3,000 ,. 353/4 13 % 137/e Fishman 7% 13% 400 _1 Fansteel Metallurgical Association 16 12% 13 120 , July 7% May 15% Jan 13% inn ,,,, Jan 12% 12% America—10 r 38 ; ft of North High Jan 13% Cigar Machine——* International 25 12% 13 -100 International Hydro Electric— Preferred $3.50 series —1 .850 7% Insurance Co F Low 38. preferred—. 100 . _ Bange Since January 1 —21 — Service V,- Shares High 36% International Line Low Co. Ireland Apr 4% 56 for Week ' Apr 165- Jan Sales Bango of Prices Par High 12% Feb 139 1,800 49% May * —10 — 100 ; ,:Week's Last Sale Price' Bange Since January 1 LOW . Friday New York Curb Exchange Shares 11'A •'-v'1 - .^STOCKS ...... High 162 165 warrants. Electrographlc Corp Elgin National Watch Co common! for Week Last v Sale Price Option Sales 150 30 112 Jun 150 Jeannette Glass Co l common 21 26 17% May 1,000 Jersey Central Pwr ft Lt 5%% pfd—100 6% preferred —100 1% preferred 100 Mar 106'; • Jane 109 J/a Feb 108 J/4 May 109% Mar ■ 112% 111Y4 Mar Jan July , Julian ft Kokenge 00, »* m 30 30 15% 16'/a 31%; AP*^ Jan x26 25 K G Garrett Corp common. Qatmeaa 5* power Oo 19 'A «*immnT. Kaiser-Frazer Corp Kansas Gas & Elec 173/4 • Gellman Mfg Co common t 5% 14% Outdoor Adv 6% pfd lOfl General Plywood Corp i General Public Service $6 preferred—* General Shareholdings Corp com—1 , convertible preferred 10 (AC) common 107% ' Co Harvester Jan 105 5% •—. 114 30 108 630 114 50 Corp Jit Inc . Mfg common 36% 100 263/4 26% 27% 21% 22 23'/2 23 J/2 7 Grand Rapids Varnish Gray Mfg Co Grayson-Robinson Atlantic Non-voting 30 1 32% 25 140 Jun-. 6% Feb 110 Apr May 111% Jan L U5 111 • Jan 27 Jan Jan Klein (D Emil) Kleinert Co 200 19.800 i 17 % 21% Jan 26 27% 11 % I-2V4 24% 23 1 Great Northern Paper Greenfield Tap ft Die .21 8 7% 401/2 26% common. 26 Utilities $4.40 pld. Lime ft Alabastlne 1% zl 30 Lane Wells Co common^ Jun 8% 69 Feb Feb Apr 44 Feb Jan 106 Jun 1% Jun 4 Jan Jan 53 Jun 11 B— Class * i 16 J/4 I6I/4 17% 17 J/a 9% 16 J/4 16 J% 17 J/4 10% 10% 11'/a 9% 44% 44% 1 ~7% ~7% ~8% Feb 135 145 Apr Apr Jan Mar 45 1,600 17% Jan 13% Jan 28% Jun 28% May 1% July 5.000 • % Jun xlll% May 116 Jan 16% Jun 200 9% 800 450 13% 8% 3,000 2,100 Jun 17% Jan 11% 35% Mar Feb Feb 52% May 72% Jun Mar 5% Mar Apr '9% May 7% Jan Jun 14% i Hat Corp of America B non-vot com—1 10 % 10% 600 10% 21% 22 J/4 400 20% Mar 26% Feb ! 23% Apr Hearn Dept Stores common Mining Co— Helena. Rubinstein. Henry Holt ft Co Heyden Hoe ! (R) ft Co ——I 19 19 19% 1,100 15% 167/a 16% 17 1,100 15% Feb 16 V* 16% 200 17 17 300 —• — * — w 100 l common Chemical common- class Border's Inc (Geo A) 21% 36% 36% 80, 12% 80 800 37 84 •' , 12% • 13% 30% 30% 200 25% 24% 25% 50 43% 44% 50 46% 46% 100 5% prpfArrod Howard Stores Corp .lr. t 1QO 1 (Harvey) Loo— Humble ft Refining Hummel-Ross Fibre Corp. 73 $2.25. Com *.——5 Co. ' , - . 40 Jun Feb 22 % Jan 20% Jan 40% n, ., .fl|L stk purch 323/4 323/4 100 74 19% 900 10: 133/4 400 10% May 11% 1st preferred — Hydro Electric Securities. Hygrade Food Products- 57 t * . . 1,600 32% 50 • 400 200 19 * 10% 11% 54 50 . 15 8 35d 43 53/a 48 45% 100 •>f ; 200 5;. 33%: Jun Jan Jan Mar Jan Jan Jan 22% Jan Jun 51% JUDi 75% May Mar 23% Mar 10,700 57 f. 53/a fS 53/a 47%'; ^ 47% 48% Jan May 115% Mar 27% Mar 19 Huyler's common. 47% May 32% Feb 50 ■ 170 37% Feb 112 2,100 32% May 25 % July 44% Feb 50% 31 » • Apr 13 J/4 13% 45% May 17% 72 ; mmmJ —. . 26% Jan 87% 17J/4 Hurd Lock & Mfg Co_ Ligomer 1123/4 Jan Apr May Feb 47 y4 323/4 Oil Hussmann 112 — Feb 12% July 140 «•** . 113 16% May 65 43% —• 18 Feb Jan Apr 16% 14% Mar 107% 450 1,700 • common Horn ft Hardart common— Hubbell 19% 48 15% Mar 34% May i 1 Horn ft Haxifert Baking Co*.———* J Feb 800 —• .... i j—I 10 22% .10 A— ft Co 108% 108% 21% —1 Hollinger Consolidated G Holophane Co common I ? Hormel 4 37% Mar — I Heller Co common H 5%% preferred w 1 5 .—200 Hecia Class A 4% • 11J/2 12 18 J/a 18% 20'/4 Lit Brothers Loblaw 5% conv For preferred arrear footnotes 32% see page : 32% 65 »-«, ctfa_ X65 t i. 21%'V'!;;:21% 176. 8% V Jun 18 '/a 150 1.000 B 2% 2% 2% 23% 23 35% 35 J/4 J/s 700 35 « •- 143/4 Jan 23'/a 600 37 J/4 18 12 2.900 Feb 2 6 J/2 17 * Jun 56 26'/a ;. Jan 41Y2 Mar 29'% Mar —* Jun 37/s Apr 20 1,000. Jun- 41% . 42 Jan 201/a Mar . Jun 22 Jun 243/4 May 2%, Jun : 6.400 52 J/a 51 * A, - Jun Mar 31 20 3/4 May j" 30'/a Apr 26 "[. Feb s Feb .. 251/2 Mar. 25 ..1 Logansport Distilling Co Lone Star Gas Corp commonLong Island Lighting Co- .10 ctfs of dep —— preferred A ctfs of dep—. Common 7% Jan Mar 9 J/2 51 J/4 Feb Apr 15% Jan 10 J/a Feb 14 21 17% Feb 373A Jan .28 8 Class - 237/e Feb - Jan Jan 18 common Groceterias Class Jun 16 11 31 .—.10 Llpton (Thos J> Inc 6% preferred—25 19% 2% 1031/a preferred B ctfs of dep Louisiana Land & Exploration-. Louisiana Power ft Light $6 pfd. 19% 19 J/a 22 22 30 ' Feb May 22 Jan 22 Apr July 153/4 16.900 3'A Feb 2Yi Jan lOO 96 Yi Feb 117 775 9 2 J/a Feb 108 13% 4,700 10 J/s Jan :> Jan $ 23'A 600 6% 800 2% 2J/a 97 10.000 98 13 J/4 22 137/a Mar 18 1.400 103 J/a 103 J/a 6% 111 Yb x20% - Jun 15% Jun 37 Jun 50% Mar 21% Jun 11% Apr 57% Apr 7"% Apr 53% Jun: Manati Sugar optional warrant; Mangel Stores 6 J/4 common Apr Apr 147/8 117 21Y* Mar 44 f . i Jun Apr 26% Apr Mapes Marconi Internat Communication Co common. $2.50 preferred McWilliams Dredging 15 800 16 Ya . 32% 67% 1,500 1,700 1,500 31 21 ■ Jan 24 Feb 37J/a . 5'A 5% 6,100 X4% Jun it 23,200 J/4 Jun Feb' 191/2 211/4 2,100 18 Ya Jun 10% 200 8Y1 Jan % • ft Scott —* Chapman 21 J/8 — 1 Metal Textile Corp.. Participating preferred 250 Jan 63/4 Jan 11% 12 3% '300 9% Jan 143/a May Jan 62 68 J/2 71/2 8 i West Corp common 8 Midland Oil Corp $2 conv preferred—* - ' Feb 17% Jan 3 3/4-May 5Ya Jan 14 2,800 12 J/a 123/4 400 10 3/4 Apr 18% 183/4 18 3/4 100 18 J/4 Jun 18% 17 18% 2,000 14,700 15 Ya 7,100 20 J/a 5 4 . Ya 5 26V4 28 J/a 19 J/a 26% 197/a Jan Mar 93/4 Feb 6% May 300 ~4Ys :io —-1 Jan May 109 Ya "4 c 12% 112 25 6.600 .2.50 Mlcromatic Hone Corp. .i Middle States Petroleum class A V t c.l 35 May 263A Jan 7% ...15 Preferred--. Apr h J^y - 7J/a 111% 111% 7'/a 7 Michigan Bumper Corp. Michigan Steel Tube Michigan Sugar Co.. 8 J/s 11 J/a -100 A preferred. Messabi Iron Co Apr Jan 10 7% May 1,000 21V2 5% Apr Mar 47 16 Ye 1.300 Jan 223/s Jfan - Jan 10 Ya Co.—...——.1 941/2 July. 7% Jan 18aA Apr 25 400 21% 33 4% Jan 7% 8 common Middle ,19 Ya Jan 42 ■ common.— Merritt t 6% Mar Jan 16 400 16 J% 16 31'A - 3 J/2 143/a May 243/4 Apr 20% Apr Feb ' 5 Jan 2,275 13 Mar July 317/« May Jan May 10% July . Midland Steel Products— $2 non-cum Mldtale Co Mid-West • dividend shares common ... Midwest Oil Piping 31% 31% 32 350 30 * 40% 40J/4 41 375 36 Y4 61/2 7 600 50 Abrasive —.10 Co ft Supply. —* 14 Ye 53 15 Yb 151/a Wohl Co 50c common Feb 39% Apr Jun 81 Apr Mining Corp oi Canada 23 Apr Minnesota 4%% conv F L 5% — pfd * 100 16J/2 1v* 33 45/a 50 ' ; 91/8 9Y» Jan 2,100 15J/8 July 1,100 49 350 ■ 8 J/4 47 ■ * Feb 100 5 49 50 pfd ft 11 " 4% 35 Jan 6% Apr" 2,500 13% 53 14 '/a ~4% 18% Jan 65% 400 16% ♦ ... v Feb 941/2 —• Rights w i Mercantile Stores Class B May 2% May 131/4 Jan .100 pfd. Mead Johnson ft Co 6% % 60 12 J/a 5.500 3 ■■ Memphis Natural Gas Warrants Jan Jan 6Ys 14 J/2 27/a 14% ... McColl-Frontenac Oil Co 6% McCord Corp common Mfg 26 40 3/4 Ltd Marion Powex Shovel Menasco Jan 56 Ya May Feb Marine Mass Utilities Association v t c Massey Harris 8Y2 Jun 21 J/2 May (The B) Co. Consolidated Mfg Co Miller ^1%.- 57/a 36 200 45 , Manischewitz Midwest Dividend Jan 123/a Mar 200 Mid-West Refineries—.—.mi—*—1 Illinois Power Co common. 43: Apr 34 J/4 Apr 37 Y4 July 197/a May Feb' ■ Line Material Co— 109% Mar 67 —— - 11 1.600 20 Lionel Corp 38% Mar 47 ctfs :; Jan ' 2,000 " 11% preferred —— Oil Development. Le Tourneau (R G) Ino— Apr Hazeltine Corp 18% Feb 2% Jan 29- • Prior Jan 37% 14% .10 Hartford Electric Light Hartford Rayon voting trust Harvard Brewing Co July 23 '-1,400 m 400 11% May v: Jan 1 J/2 Feb 9 Va Jan 7% 8% M 14% Co s 29 H Paper. Apr Ya Apr Ya May ■ 500 18% Leonard Jan 14% May 23% Jan 12% Mar Ball 28 300 37>/4 —— 71 16% Jun 10 82 76 8,800 36J/a Lynch Corp Hammermill 1ft Lanston Monotype Machine. Lefcourt Realty common. 22% Mar •« of Delaware. Corp 47% Jun 21% Jan 113% 113% — 94 Jan 86 600 27 J/2 Langendorf United Bakeries class 26% Jan Jun May 800 Jan 18 Ya Mar , May L Lake Shore Mines Ltd. Jan 2,900 26% 115 3,600 26 17 J/a Lamson 300 22% 1 1J/8 State 41 J/2 21 .250 _ Lamp Co Hamilton Bridge 8 J/a 10 J/a 1% —..10 Brewing Jan , common—.—* (I B) Rubber Oo Jun 134 41 Jan 50 80 10 J/a 24% Jun 6% 63 31 125 15Ya 29Ya Jan 1,700 1 1.400 127 Ape Jun 9% 18 Locke Steel Chain— 126 « Feb ' —1 28 Mar 19 400 10 26 87 80 Apr Feb 900 36 86 77 23 J/a Feb ; 10% Mar 34% 9% 700 Jun Jan 54 34% Jun 6%' Jan 250 20 J/4 23% Kobacker Stores new common Jun 11% 79 Krueger 39 32% 100 1 .100 Jan 29% Jun- Feb 114 Ya .100 Jan 55 6% -100 * 43% 30»/a 19 - Knott Corp common 48% 2 .100 Products July 4%: Mar 103 ^ cr Tea—' stock preferred- Stores 105 104 1.000 i ■ Rights v/i 700 7'/a 64 1% l - - Paoifio ft pfd—25 Stores. common 2.900 24 6Va 64 — 600 • —. conv Apr 23% 124 J/a Jan 400 19% Lakey Foundry ft Machine. —10 - Graham-Paige Motors $5 31% 109 ? 19% Jan — —— Mar 27 $4.50 prior preferred —• Goidfield Consolidated Mines— —1 Goodman Mfg Co If Gorham Inc class A 24 53 351/2 21% Coal Feb 110 ' —— Feb Apr 12 y8 31 10>/4 10 % Co—. ft Klrkland Lake G M Co Ltd 17% 10% Jan 100 5% 107 (Walter) X29% 6%- 6% S Jan Jan Jan 11% Jan Lamp A. Kimberly-Clark Corp— 4%% preferred,.*..^*—.. Kings Co Lighting 1% pfd B. 59t preferred D. King Seeley Corp.. Kingston Products. Klrby Petroleum. Feb Jan 18 Ya Key Co common—. Kldde 121'/4 Inc Ken-Rad Tube ft 17% Jun- "15%Jtirt 13,800 pfd——IlOO 7% J Co Apr 18% 104% Feb • __5 Gobel (Adolf) Inc common-.——* Godchaux Sugars class A —• Class B • Gypsum 9% 9% 12% 10 e Globe-Union Gun Kennedy's 101% May 14% Jan Jun 500 s Gladding McBean ft Co Grocery 500 20 105 — 108 —— 1st 28 18% e Preferred 7% 5% 500 1073/a 1073/a 19 Ye r 2.300 10 27'/2 i. e Geoigia Power $6 preferretL.——• $5 preferred • Great > 1.600 X143/4 xl5 J/2 * General Gorham 800 6 Apr » Kawneer 9 General Fi rep roofing: common Alden Jan 9% Mar ' 17% Jan . Glen vio% 101/4 5% ———_— Warrants Gleaner 18 Jan 97 ' Jun 22 14> Amer dep rets ord reg at General Finance Corp cnmmnn i S-% preferred series A——If Gilchrist 10% Jan ina General Alloys Co Gen Electric Co Ltd— Gilbert 4.500 « , preferred S6 I91/2 15% 2,000 8Ys Jan Feb Jan 147/a May 61 Jun ■ Jun July ■ 6 'Jan' 19i/a May 50 July Jan 11% Jan 105% Mar 107% Feb .< I. MJ|.* THE COMMERCIAL & FINANCIAL CHRONICLE MfiitXtt'jniibti'.wi-ti • NEW YORK CURB EXCHANGE FOE RANGE Friday STOCKS "Last New York Curb Exchange Monday, July 8, 194$ Bale Prion, Week's Range of Prices Low 'at Sales for Week Shares WEEK ENDING JULY 5 STOCKS , Friday Last New York Curb Exchange .f- High Low . Sale Price Range Since January 1 low High ; Week's Range Sales for Week of Prices Shares Range Since January 1 High Low High ■ M Missouri Public Service common—. — Molybdenum Corp. Monogram Pictures common....— Monroe Loan Society A ; Montana Dakota Utilities - j ..1* —5 ~1 Montgomery Ward A —— Montreal Light Heat & Power..... Moody Investors partio pfd — Morris Plan Corp of America-——. States , 17% 91/4 — 4,900 ■ 4% 700 2,200: 18% % 8% Muskogee Co common 9% 9% 31% 141% 31% 141 — ■ 8% * • . 4% - -35% 20 , Jan Powdrell - Jan Jan 18% Jun 210% Jun 23% Feb • 6 4,600". 1,000 50 ^ 35%-35% 28% Jan - 100 30« 19% 20 15%-15% . 300 - 136% Jun ; 25%Mar ' 18 400. Feb Mar 14 1st C > f" . May 17% Mar L2% Mar ,•:>'*>'• " ' of Metals America— Apr Feb May 20% Jan 18% Feb Apr 10% Jan 3 Gas — Public Service of Colorado— - 1st preferred 1% 1st preferred 6% 122 Jun 112 ' May 113% May Puget Sound Pulp St Timber.— Pyle-Natlonal Co common Fyrene Manufacturing — 27 23 Apr Feb 20% May 1 common National Breweries common • 7% preferred National City Lines Jan 28% May 15% May 3% Corp of Nevada Prosperity Co class B Providence J • fiftfp National Bellas Hess 10% 95 Jan May 27% Jan f Puget Sound Power & Light— $5 prior preferred Wnfthwftn 10 preferred^-—..—; Producers Jun 17 Jan 60 21%May " common of Canada com.— •':<. k': Pressed 10% Jan 32% Apr 36 : - 6% 19 Premier Gold Mining . Prentice-Hall Inc common 160% Apr • 600 Pratt St Lambert Co 5% Feb - 9 7% Mar Alexander & Power Corp 54% Jun 10% Jan -3% Apr 8% Mar' ! 8% Polaris Mining Co 11% ■ . i Scale common Pneumatic Feb 10% -^■•>~197' Jan 6,000 17 -May 45 Apr 900 8 Feb 20% 3% ..i •' 4 Pleasant, Valley Wine Co—;——, Apr 20% Feb 37- — — —. Jan Jan 7% Jan 17% ' 9% " — —■ . 3% ,00 . 41/4 — Power common—. — 16% 19% .8* 20 15 7' 900 8% ■ — LOo Mountain States Tel & Tel Murray Ohio Mfg Co Muskegon Piston Ring 16% 4% • .10 — — „• Mountain City Copper common— Mountain Producers Mountain 8% ..1 — ' , : f 16% .25 50a • X49% May 17% Jan National Mfg & Stores common..—1 National Pressure Cooker 2 National Rubber Machinery • 23% Mar common... National Fuel Gas 38 National Steel Car Ltd National Transit National Union 15% 12.50 Jan Feb 14 30c Uiv/ 3 *v/: :'V», r,;}: Nebraska Power 7 % preferred—.-—.100 172% Quebec Power Co 4% Feb 1 common Radio 114 Quaker Oats common. 6% preferred x26% May • National Tunnel & Mines May 89% July ... v. --..I Nelson (Herman) Corp Neptune Meter common... Nestle Le Mur Co class A 4%% conv 107% 108 • 100 . New England Tel St Tel New Haven Clock & Watch New Idea Ine 107 %« Radio-Kelth-Orpheum option warranto. Railway & Light Securities Voting common —.—10 Railway & Utility Investment A 1 Rath Packing Co. common 10 Raymond Concrete Pile common $3 convertible preferred —• Raytheon Manufacturing common..60o 111% 115 • New: England Power Associates 6% preferred A2- preferred Vhir,„ > , 111% 8 . , Co — ,,*■ 100 II • pfdAi.—a.,.————20' 131% 134% 13% 21 Reed Roller Bit 13% 21 21 New Jersey «>c New Mexico New Park & Arizona Land New Process Co «nwnin\w^ —_1 ' t • 0 • Radiator 1 Rio Grande Valley Gas Co v t 0 1 Richmond J Mining Co.—. Do Reliance Electric & Engineering Rice Stlx Dry Goods Richfield Oil Corp. warrants *' flomtifinn ' Rochester Gas & Elec 4% pfd F—..100 N Y Auction 'Co common,.: N Y Rome Cable Corp '1ft shares. pf<L-100 inp 5% 2d preferred 100 Class B optional warrants.: 119 113% 13% 120% 112 750 274 1% * 1% 1% 8 12% 12% Niles-Bement-Pond • 18% 18% 120. Ryan Aeronautical Co 15 20 1 Nlplssing NTinea 800 5% 35 Light & Power commOn..l preferred ; 6% American Northeast Airlines 62% May North Penn RR Co 1, 50 Northrop Aircraft Inc Novadel-Agene Corp 17 108% 108% Ogden Corp common Co Jun Schlff Co common Jan Schulte (D A) Apr Securities Corp General i — Segal Lock & Hardware " - Apr Rights,- w i 1 ^ —1—^— * 1 Seiby Shoe Co Selected Industries Inc common Convertible stock — $5.50 prior stock Allotment certificates — Semler (R B) Inc. —— Sentinel Radio Corp common : common. 5% 30% -28 103 102 108% 108% 108% 1 1 Sentry Safety control ...—l Serrick Corp class B—————1 Omar Inc Seton Leather common—. Poindexter Distillery 30 5 Va 29% 30 Oliver United Filters B_ Old 29% 5% 8 ,, preferred— Oklahoma Natural Gas Bros Inc..— Seeman 73% May 15% iApr 1 ...28 • 1 • Manufacturing ScUllin Steel Co common.. 59% Jun 40 * ... Inc common Scovill Ohio Brass Co class B common. Ohio Power 4%% 8 Oil 108% July „• 1 1 United Corp common Savoy 111 1 8 Oil Co Salt Dome Samson 21% 16% *■ 80 Ltd prel— 11% 16% -.25 i 1 Regis Paper common 12% Feb Northern Indiana Pub Serv 5% pfd—100 Northern Natural Gas J20 Northern States Power class A.. St Feb 54 8 . Class A $2 conv Apr May • Tr,-:—... Bt Lawrence Corp 12% Mar 63 • Northern Central Texas Oil —1 Feb 164 50 Utility Securities. —........ ■ Consolidated Petroleum——* Ryan Ryerson St Haynee common Jan • prior preferred North Feb 20% ■-f--v-1 North American Rayon class A Class B common 10 * 2% 26% Feb Apr 2.500 North Amer $6 Apr 13% May ^-r_,g- Noma; Electric——: May 3% 2.200 12% Nineteen Hundred Corp B 123% Feb Rotary Electric steel Co Royalite Oil Co Ltd Russeks Fifth Ave; 10,700 113% 12% ... com —1 Root Petroleum Co 12% . Niagara Share Corp class B 8 0 8 Roosevelt Field Inc— .1 Niagara Hudson Power common——,—1 5% 1st preferred— ,.—.100 —£1 common Art Metal Works Ronson N Y State Electric & Gas $5.10 N Y Water Service 6% pfn * Ltd—dep rets for ord reg Am , Shipbuilding Corp— Founders ? Rolls Royce — Mernhandlae* N Y Roeser St Pendleton Inc—..——.—* 0 N Y City Omnibus warrants N Y St Hondnraii Rngarin • 103 20% 20% 7% 2% 8% 15% 15% 3% Overseas Securities Paclflo Can Co common Pacific Gas & Elec 6% 5%% 1st —• 1st pfd. Public 11% Apr 42 28 preferred Jan 28 Pacific Lighting $5 preferred Pacific Power & Light 7% pfd Pacific Shattuck Denn Mining—...————8 Shawinig.'in Water & Power —' Bheller Mfg Co_. ~1 Sherwin-Williams common -.28 102% July 100 Service preferred———-—-——100 113 • Sicks' tjnex May preferred • • 27 1st Parker Motors Corp. Pen 1 Co— Parkersburg Rig ___5 & Reel. Plymouth Mills Telephone preferred 23 $1 cum l Penn Power & Light 4%% pfd Penn Traffic Co. Pepperell reflect Circle • 100 113% 7% 74 49% „• 13% Jun 24% May 21% 46% 46% UV2 318% 11% 314 49% Apr 12 . 108 100 • 1 Penn -1 Oil Pa Pipe Line California Edison— original preferred preferred B— Southwest —12.50 lb Southern Jan 5% May 6% Jan 28 28 preferred series C 28 Southern New England Telephone—100 6%% 46% Apr 9% 12% New Common Jan 25% 4% South Coast Corp common South -1 1 Corp—I Boss Manufacturing common Mar 26 % 11 % 5 2,800 7,500 —• - 70% 60 Philadelphia Co Pierce • common Pbila Electric Power 5% Phillips pfd Packing Co— Governor Righi swi 16 V*Ma* •14% Jan 27% Jun 25 • 32 -1500 30% 30% 140% 143% 4 6%, 15% • common 23 Phosphate Co I— 10 - Line— —10 Southland Royalty Co.. —8 Spencer Shoe Corp • Stahl-Meyer Inc. —* Standard Brewing Co .1 —2.78 Standard Cap St Seal common 1 Feb Mar Pinchin Johnson Ltd Am Shs Pioneer Gold Mines Ltd 1 Piper Aircraft Corp com Pltney-Bowes Inc 4-^ Jun 7% Jan 12% July 50 Pittsburgh. Metallurgical 44 70 page preferred—.—10 common—1 $1.60 convertible preferred.——.2u Standard Oil (Ky)— .10 May common.—.5 Pipe Convertible Mar ;50 Pittsburgh St Lake Erie see ? a —— Pitts Bess St L E RR For footnotes ; I . Standard Dredging Corp i; 12% July 16 - ; t m » i '• Sr. .'Str-r .ls w A*:* i 6 Jan AptfMar ; July Jun 10% 200 2%. 13 >- 37% ' 39V* 39 6% 7 26 32% ; . - >14% Feb 300 300 ,3,700900 200 600 *- ,. 150, 26 32% 700 - . 3 38 Va 11 Feb 9% Mar 1,400 19% 9% 13 rri? , 44 30% 29% 140% 3,400 10 % 176, - - 30 " 17 10% 19 •;: •V* . » •; — Southern Southern 35% July 31% Jan 380 t~. 500 : 50 - 6% Jun 55V4 Mar — 100 1,400 60 40 31% 4% jun 11% Jun " 70% 35% 39% - 1,700 12% 35% 17% Jan 9%'July • • 3,300 - ; . Pharis Tire St wuhhay Jan 7% £1 v Jun 374 Jun 48% May 5% Jun —.—20 Co fionotone 15 • Mfg Co-.—-. Jan 73% Mar 2,50 Penn Water. & Power Co Jan (Howard) Paper Mills Solar Aircraft Co Solar Manufacturing Co.. Smith 7% Jun Penn-Dixie Cement warrants..— Pennsylvania Edison Co $5 series pfd.* $2.80 series preferred... * ,f Penn Gas St Elec class A com Feb May Elec Co— 29 25 Pennroad Corp common— Apr 114% May 31% May 113% 113% Co Ltd— dep rets ord regis 61% • common Amer 48% • Peninsular Sioux City Gas &> 3.90% preferred 39% 1 Patchogue Singer Manufacturing Feb • 1 —;—100 Jun 169% 154% 155 20% — $3 convertible preferred Simplicity Pattern common Singer Manufacturing Co Jan - 19% 8% Ltd.—.--——--—-* common—.— 15 Pantepec Oil of Venezuela Am shs Paramount Breweries Co 7% Jun 10% Jan — 10% Jan 24% Mar 18% 7% Simmons-Boardman Publications— 11% Jan 26% Jan Tubes common Pan American Airways warrants- $1.30 Page-Hersey 23% 18% Sherwin-Williams of Canada.,a. 38% May • 22 1: 2,800 . 0% Feb 7% Jan 2% May 34% Feb 35% Feb 6 Jan 24% Jan 24Vi Feb Jan Feb THE COMMERCIAL & FINANCIAL CHRONICLE Number 4505 (Volume 164 NEW YORK CURB EXCHANGE RANGE FOR WEEK ENDING JULY 5 Week's Ki Last Sale Price Sales Range Friday STOCKS New York Curb Exchange for Week of Prices Low 6% Standard Power & Light 6% Shares BONDS New York High 6% Low 5,100 3% Jan Feb Standard Tube class B 6 Starrett (The) Corp——- 7% (A) & Co Sterchi Bros Stetson Stmnes 50% 24 Jan 29% 18 Jan 9 6% 6% Jun 22% 11% Mar 227/a 18% Mar 25 2. • May;. Jan Mar 54 28% Cement, Inc. 32 X38 52% Portland 29% 28 26 45% ; Jan< .L 14 Finch oil Corp Swan 2% 45 ' Mar Mar . Taggart Corp common Tampa Electric Co common Texas Power & Light 7% Textron Inc Thew Shovel Cities / Tilo May Roofing Inc Jan Debenture 26 % Tobacco Product Exports , 1st 5s .• convertible 80o • 11% Mar 8% Mar * • 100 Products A7s United Specialties common Foil Co class B $80% 104% 104% $62% $107% 85 __ __ .. 1043/4 1043A $101% 102 % 73% •"- — •; *—1957 1952 (July 1941 coupon) 6s 1952 Kansas Gas & Electric 6s &ansas Electric Power 3%s 15 106 46 McCord Corp deb 4%s 46 46 47% 46 46 47% 47% 2 47% 47% 101% 1 1 8 1 $46 2 10 — Universal Consolidated Oil .—.—10 • 5 sugar Utah Power & Light common • 10c -.1 Utility Equities common $5.50 priority stock 4%s 1981 2022 —— Amsterdam New 5s Gas 1948 New Eng Gas & El Assn 5s Conv deb 5s $114% rt Y State Elee & Gas 3%8- A5%s series A 1964 2004 (part paid) <L;-'. rL,!V ^ Pacific ; —v Power & Light " ; 5s__ • 71% $105% 106 _o* 105% 106% —$114% —T4 ' - 105 "105 100% 100% 105% 105% 102% 102% 102% — - 3%s ————1970 Eleo Power 5%8—1972 stamped extended Corp (Can) 102 a02.%;.> , 1043/a 95 105 105 $105 $107% $108 " 105 3E — 109 10512 1959 1st mtge 3%s—— .—1964 Service of perpetual 'ly. .V/Av, ,/ 1949 — New Jersey— certificates v // — v -1aM $106% 107% • San 1952 $120 • ASchulte 1951 $115% 1951 $1013/4 Joaquin Lt & Pwr 6s 3 Real Estate 6s | Ward Baking Co warrants.^—.———. Scullln Steel inc mtge 3s Southern California Edison Warner 1 Southern California $ Southern Counties Corp Mills preferred Spalding (A G) B __20 10 — »i (Wm & Co — Wichita River Oil Corp Williams (R C) & Co r:'V' v -'* /"X'h Brothers j ——1 common 1 !_• Wisconsin 100 Wolverine & 25 L 4%% pfd Portland Cement 10 Woodall Industries Inc q Woodley Petroleum 105% 105% (Calif)— (P W) , see page $106-107# $108%.108% i. AStarrett Btinnes Corp lno 5s (Hugo) Corp— A7-4s 3d stamped Btinnes (Hugo) Industries— $36% A7-4s 2nd stamped Edison 3%s— Toledo United Electric N J 42 $1063/4 110% 108 4s— 108 , United Light & Power Co— 1st lien St cons 5%s United Light At Railways (Maine) 6s aeries - A— 106% 106% Utah Power & Light Co^-'v Debenture 6s series A Waldorf-Astoria Hotel— A 5s Income // debs Wash Water Power 3%s- Ltd— American deposit receipts. 6% preference Wright Hargreaves Ltd For footnotes 1970 L 1 Woolworth 1970 • preferred w w Winnipeg Eleo common B 5% P 3%s —in l %£■£ Wlllson Products Inc Wilson __ 107% 1073/4 • :V/„„„ Westmoreland Coal — 1965 1st mtge 3s——ju.'——.1971 Weyenberg Shoe Mfg #£ Gas 125% 3s Southwestern Gas & Elec 3%s.. Manufacturing Western Maryland Ry t% 1st pfd—100 Western Tablet St Stationery com • <-M"' Gas 106% 107% 176, Si £i • Wept Penn Electric 5s West Penn Traction 5s Western Newspaper Union6s conv S i debentures - 105% 98% 1013/4 ' 23 98% 101% 31 ; 99 t 105% 101% 108% 1 1003/4 105 18: /102rr 1053/s •106% .107 Va s 101% J03% 45% 1950 4%s B - • 107, .107.,2 ^.103.103 Um;* ^ ' Pennsylvania Water & Power 3V4S.1964 105 15 " ' 104 ^ I ;. . 102% 104 1979 Waltham Watch Whitman 55% 2 71% Safe Harbor Water 4%s 100 ; Westmoreland Inc 101% 44% 105% 107 i $87 > * - preferred Waitt & Bond class A : 95% 2 1955 Sinking fund deb 4s 7% West Va Coal fc noire/. 36 106% 107 Wagner Baking voting trust ctfs ext..* Texas Utilities $6 ' f ; ; • 115% 1st mtge 3s ....1964 Penn Central Lt 81 Pwr 4%sMW—.1977 u'1st ' 5s— 1979 Public olv 100% Ul%-^r Queens Borough Gas St Electric— West ■ 1 i 103% n I 113 1948 5 Park Lexington '•/**> * l! Knitting Rights w i 60 S 109 Ohio Power 1st mtge 3%s——1988 1st mtge 3s —..—.1971 6% Wayne 63 5 Public Service Co of Colorado— Manufacturings^—, Went worth ' .., 46 ^ 100% ..1954 N Y & Westchester Ltg 4s North Continental Utility Corp— - > 46 103% 103% , 1961 1948 5s Debenture 5%s Venezuela Syndicate Inc Aircraft ..1:.. : , 1103/4 HO3/* — — 100 %TOO % 101 % 101% 100% 101% —1950 England Power 3% 8— New New England Power Assn Power preferred- ; 60 104% 104% 1948 5s common Petroleum Class B i 46 ' — Portland Gas & Coke Co— h I 65 I46 47 1947 5s Philadelphia . 65 59% ;; 46 $1043/4 1963 A series 6s • 50o common : i ; 2 1013/4102% "100 100 % 100 Gas Light 4%s————1967 Milwaukee 25o 10 25 Reclaiming anwftfr n* { 1 ,-v 100 fe Universal Products Co— Waco , • 105% 1083/4 47% 1956 to Extended at 4% — U 8 Radiator common Vogt 105% ' i v 103% Midland Valley RR— Jan Mar • convertible 103% 46 Jan Feb 47 • $4 105, .106% 104 106 1966 2022 3%s 1969 Kentucky Utilities 4s————.——1970 25% 95 1st preferred with warrants Venezuelan 3105% 108% 5 $105% 106 196$ . Kansas Power & Light —... United Wallpaper, Inc —1957 5s—..— i Power Feb and International Securities. Yftfepnr Corp > t, 103% 103% ——1952 Jan • Graphite common Insurance 106% 106% 1955 —1957 coup)-. 1941 F Nebraska Power U 8 Universal 75% 43 125% 125% 1970 ^Italian Superpower 6s Feb ......2S Utah-Idaho 75% $40% $70% 1941 coupon) (Aug Debenture Jan • Bharlng— preferred Machinery common Rubber . 1955 1 (Dec E series Interstate 83/4 Mar 7% 59 1• .'i/'L';: " f; Preferred 8 107% $106% 106% J $111% $1063/4 C series 32 7 Profit United Stores 5s 1 United Shoe U 107 1950 ——1963 * 10 rets ord regis.,— United NJ RR & Canal $5 107% 108% ——Jan 1949 ; 5s__ Mar warrants Amer dep U 8 104% 105% 1958 20% May' participating preferred— 8 i 106 106% Jan 1949 series A7s United Molasses CO U < 105 106 1948 6s 27 United Light & Railways—— United Milk Products / 73 107% 104% L 105 1953 1 United Elastic Corp United Gas Corp common. 3 65% 106% 1963 • - United Chemicals common 10% ? * • - Union Stk Yds of Omaha United a 112 103 3 3% July 10 Union Investment Co ' J . 110% 104% // ... 1 10c Unexcelled Chemical Corp Union Gas of Canada $3 65% 106% 103% 104% 1969 Indianapolis P & L 3%s international Power Sec— 1 . United Corp 65% :i06 1950 West & ref 1st lien A7s Aircraft & Service A6%s United 65'A 106 104% 1961 3% Pow B series 6s Indiana • Corp 80% 82 1985 A 3%s Hygrade Food 6s ser A A 78 Realization 1966 109% 1956 — , Power A6%8 Ulen 115; 108% 105 109% 110 1993 1993 & RR 5s stamped Guantanamo 1 Cdyllte Corp 108:110% 115% 119% 113' 1954 Grocery Store Prod 6s 10 preferred 108 Residential Mtge Bank— Green Mountain warrants Tung-Sol Lamp Works 105% 105 114 ,107 ■ 1976 Grand Trunk West 4s Shipyards Corp • 6% preferred 190 1% preferred ......100 Tonopah Mining of Nevada 1 . 103% 106% 107 1969 ! AGeneral Rayon Co 6s ser A • Inc 4 -.-ft (Bait)— 4s ser A ser B Water Lt Finland Toledo Edison Trunz & Pr mtge 4s Gatlneau — Lt Eastern Gas & Fuel 3%s Elmira Todd Tri-Contlnental Jan ref 1st mtge Amer Trans Lux Corp Transwestern Oil Co , Lackawanna of N J Division— Tobacco Security Trust Co Ltd— dep rets ord regis Amer dep recs del reg / Delaware Lackawanna & Western RR-— 1 • - 5s Gas El Consol May 1 - Tlshman Realty A Construction Allied Stocks 1870 5 s—.... 1950 5s.———1958 5s...—— —1969 Debenture 34% 0 Tobacco & deb 62 % - common 114 — Service Cony 50c Co 1962 —... 3% Jan o Jan 26 ' 102% ,102% 105 105 $106% 107% 108' 108% 1115% 117% 1ppn; ■;■ IA Central States Electric 5s——1948 J A 5%8 ; 1954 S A Chicago Rys 5s ctfs (part paid)_1927 49% Jun 48 104% 111% 122%124; 101% 104% i .100 3 /-.. -L/'L 4 101% 109% ' • pfd 102 % < High!. 1 1 ' • Texon Oil ft Land ** — A*,,1957 ' Ss aeries'- Cv, mtge 3s ser P 1st ref mtge 2%g ser Q Consolidated Gas (Bait City)— U Gen mtge 4%s__;. ......1 common Sxpria* "R M 1st Technicolor Inc MS : MS 1964 Bickford's Inc 6%s Boston Edison 2%s Feb 44 Ray Drug Co 1st Jun 24% 45 Corp JS 195S 102% 102% 110%110% $122% 123 __ ' Range Since January 1- .Sold Low Ben Telephone of Canada— ■*; Feb 21% Sunbeam A-O 1953 t Bonds High J-J 2024 4%s J'D „ 87e Jan x21% 2% Elec Assoc T & T deb 5%s A Atlantic City Elec 3%s ■ 10 , 1961 1970 3%s Appalachian Pow deb 8s May 53%. Jun -Apr v 6s Pow Associated 31 7% Mar 6% Paper Elec Jan 9% Jan 14% Feb Jun Writing Appalachian Jan 33 29 8% .... Amer Week's Range or Friday's Bid & Asked Last Sale Price toto 80% May 49 Inc (J B) Co common (Hugo) Corp Superior . Jan 29% Btroock (S) & Co common Bun . 23% Jan 29 '4 common Sterling Engine Co Bterling 160 May 29% Sterling Aluminum Products Sterling Brewers Inc Interest Period 77/a May '?%May 72% common Stores ' 17% May Steel Co of Canada— Friday Exchange High \ Jan 138 'Preferred Standard Products Co———... Stein " 3% Common claBS B.— Curb Range Since January 1 46% ' THE COMMERCIAL & FINANCIAL CHRONICLE JL76 Monday, July 8, 1946 , NEW YORK CURB EXCHANGE ' Quotations for Friday, July 8 r -t ',y. bonds New Pork Curb Foreign Governments & Municipalities KVftBO si D3 Friday ■ Interest Curb Exchange fork New -a ftVsftft-ftft"',' Last Period :• - V ■' ■ I par Low 31 ARussian 80 26% •/. 30% 100 27 *"$21"*" ~27 — 2Q% 20% . ~5 32 1 23%- u 20% 20% i; v 2008 AMeQeU-in 7$ stamped———„—1951 Mortgage Bank of Bogota A7s (issue of May 1927) ____1947 A7s (issue-of Oct. 1927) 1947 to 2Yes Interest reduced J-D — *33 *33% ;V- — 36 *52 Xf-N A-O — 50% $27% ■ 43 90 99% 37% 2 v. J-J ; .lblb 41 " • • j-j ' i1"',1 par value!, a .5 r.Cash sal$, »>«*■.<<.< d 8V0 8% t V 23 8% * 6V2 : * 22 I .'II. I ■ ! T 7% ilReported > * ■':? Abbreviations used above—"coa," *; •; certificates of aeposit, » P:l \/• \ trm/tpl**5 ': / |; - " : \ i.- t r : i"; f Ex liquidating cash -dividend nf $22,50, plus stock distribution.. '■1 t *14 klbc-stock dividend.' yEx-right?*, : wy*' ;7?4 . • * ■»" : Ex-interest.; e Odd-lot sale. Ex*divide»d. x r 44 37 ; " ' " 8%*"' 1 . Deferred delivery7 sale, **' $42"*" "* "45% "8% j-d u .1021 > " > "**ccnk*""*QDiwl1d*tM* feiye; "conv.V convertible;* "M," mortgage! "n-v,"non-voting stock f"vi c," VoUng'.t rust'certificates;' "wi," when issued; "w wy" -with warrants; "xw," without warrants.. ;k-y: vr'-vk l H 51% 50% 51% 20% 23% :>'?'- *52 J-D t— High Low prices; *o sales being ^transacted aurlng-eorrent voek. .ABondi being .traded flat ' ' ... ' « V {: 1931 AMortgage Bank of Chile 6s *42% 98 | .•January 1 ,r No. ^Friday's bid. and asked ; .;■' M-N 98 — M-S .2012 6%s y tJnderrthe.-rule sale. ■jo : ft reduced to ,2 Government ~ft-- -♦No 97% ■ : 1: 99% 89 ,i»;v , 98 Range for -Sold i' High A) ' A5Vfci 92% J 94% 100 ; (Plan A) stamped Maranhao (Plan •Bends v Bid & Asked Rio de Janeiro stamped (Plan A) 83% so; : ~ }30 196 — 0 J-J MS, 6%s stamped_1958 (Peru) City A Lima . ^ \ *.; 1952 r. ^ J J-D F-A ———-—1953 Danzig Port & Waterways— A External -6 M»s stamped 78% mv* — Friday's or Sale Price. > J-D ? .2008 High 'l l' stamped .1972 ■ m -n imwio-m1 ■' ■■ • 5s • Low ' Valley 7s————1946 5 Ma ■" Extended Sold • Parana Range Since January 1 Bonds A-O J-J - A Cauca High Period Low Interest Agricultural Mortgage > Bank - (Col) —: A 20-year 7b --.April 1946 o 20-year 7s dan 1947 Bogota (see Mortgage Bank of) Danish , Sale Price ; Interest '■i't Last 171 Mortgage Bank of f»»nmark 5s Week's Range or Friday's Bid.& Asked Week's Range Friday Exchange OTHER STOCK EXCHANGES Quotations for Friday, Jv|y 5 ,.d,i ^ y-V*v * '2_( 1 ^ < 1^1 ' ' i * ' STOCKS Range Arundel. Corporation ' v ' ■ * •v', ——. Bait Transit Co common :: ,w ■ *• ' — .,4,;... t 0— .—20 V •• — .^--10 Mt Verrion-Woodbury MiHs— r ! 312 181% Jun 25 312 168 40 Jun 300 'Man 312 May 312 3 ■ 310 2 United-Rexall :?47 - Jun Waldorf System July - 33 Casualty ——25o 49% J50 "XT 8 FideUty It Guar, 58 31% Mar 3.7 100 50 52% 14% ' 39 JWar 53% 2,930 ; 50% Jun. 156 W/2 Jun k 53% July.. Jun 83% 200 78% Jan 70 71% 307 • ■21% 22Vi 34% ■' 18% MayJv #5 64% Mar - 60 33% - 158 Jun 46 52% 15% -12% — Westinghouse Electrio Corp. High 38% 'Jan 14% _10 Inc_. 370 420 f - •51% 25 common.. l ^ - %■: 83 Vi —5 Apr;i 78% Jday f f 1 93%';Jun^t Jan 32% Mar 18 3(9% Jan 33BUUnWBMWMi 100 50 414 -47% Jan 54 $1,000 lOC^Xlun 100 Feb 70c ai-k 1.30 Mar Apr , Chicago Stock Exchange Bonde— Interstate Bond Co 5si-_-—-—1947 42% 49% k Jan 20 1.10 100 49% 41 50 • u— Lorn May 33 33 1.10 - Jan I6V2 IS 47 41 Drug Inc. United Shoe Mach U S Rubber Jan 58 ICi'"i -2(1 Amsterdam 13% May 75 - *• 41 312 31 Va May Feb Jan 4% 50 * \ Jan 25 -vlOO A Bigh , V; -' Range Sluee January 1 High 5 —— Union Twist Drill— United Fruit Co . Common- North American Oil Co— "v. 312 20 ft-v New 12 181% 181% .••:;,.-41 —_20 v:. - ■! 28% t Fidelity & Deposit Co—— Fidelity & Guar Fire Corp- v1 28% ft'.: 12 ___ Torrington Co Low Range Since January 1 k- Lots. High kV> of Prices Par Shares Low Range Sale Price for Week of Prices Last Bale Fried Par Sales for Week Last Sales Week's Friday STOCKS Week's Friday' Baltimore Stock Exchange Jun STOCKS Week's Friday ! Last * •RV-Oi Sales Ik ■forWccfr"V.-> Range- Sale Price t of Prices Low Acme Steel Co common (J D) Mfg.common- 49% 49% 49 Mr -Adams Auonral Boston Stock Exchange stocks • Friday Week's Bangs of Prices Xoto I Teb & American 507/a 51% 53% 537/a 150 1,143 185% 235 30% 198% Tel- Woolen Anaconda Copper American .. 142 82% 43 Boston Re raid Traveler Corp. , Common stamped Jan 150 55 82% 1,496 44 Mar 55 7% 145 80 Feb 43% 380 37 Feb 45 8% 32 7 July 67% 68% kk''-:" Stamped' ————„^*-100" class B ctess O 1st 10% Jan 115 13 July 14% 500 13% 17 17 50 15 14% 100 14 Jam 16% 16% 15 100 . 19 19 45 18 18 .Boston, personal Prop Trust-— 18 15 17 Service .;; ,, , 39 39% 57 60c 10 90c 10 24% r 15% •14% 28% 27% Co capital—* Eastern Gas St —10 Butler Feb Fuel Associates— >>4%^prlorpreferred i . > „k> *'.. ^.Brothers ^ ...i, V-i 99 175 ■103% 104% Jan L'u ' .. .i...... Employers Group Assoc—*——— Engineers Public Service——— - . 44 ,,^100 A3 20 44 ^ '•* /• * ft 36% 36% 15 35% Jun 46 _V'; ,35% 37% 76 32 V4 First National Stores..^—— —» —, Gillette Safetj Razor Co 60% Feb 60'/8 61% 145 -Feb 48% 1,195 ^ (The) _• 44% Feb 38% U0 40 ;r Co, Inc— Commonwealth Edison 54% Feb 47 „•* * vv.iSgthaway Bakeries class. ■ 40 -Class. B ' 4% — .XennecAtt Copper ——^• Maine Central RR 5% preferred—100 Mathtesen Alkali Works,^. ;: 35% 12% 211j 22% J«n S Sil 41 A%. i;13% 57% 58% 50- *27 .1X3% *12% 65% f;65% 130 Biscuit 10 *39 •—I——-5 52% 25% ;45 180; 14fii, -; 48% May -1 27% ft5c <, 17 20% May T5c Jday *3,600- * 124% 124% 126% —-100 131% 131% 13.4'. 90 2.50 •1% •1% :1% 130 13.Q 1,710 Nnrtttexn RR <N H)__——w—100 RR Colony 130 V 100 128 30 Elgin Nat " Apr •V 132 ■ .. .Mar ",Feb Pennsylvania 8% ~ .50 ;* RR ,Jan 2% Feb 130 Jifty 143, 9 335 ! - 3Jnn ] May f P; - 40% .t 41 J40% 41% 202 40% 41% 821 • •40% Jun 39% May Reece Reece Corp Folding Shawmut 8cone A .25 Machine 4% 5;?|; • — — 15% ;15%: 10 2% 2% —• 16% 16% 16% Webster Inc • 20% 20% For-footnotes "see page 21% Apr 20% Jun • ; , 47%'Jan tvJMl -;. Jan : }■* .113 May ' - < • .184, ' 13 225 . 50% Apr f f jJan 1, '25: Feb'!,; 15% May Jan 211 Jan Mar- .28% Jun ;20a Jan 6% Feb :; .59 100 | !r 17% Jun : 150 July 120% Mar 26% Feb w i *{ | ,14%4un . Jan' 65%,May -' * 39 loo: 440 " Jan 20ft 9% ; ■t": k .5% ' 76 v Watch Co neve— ■!<-<- *'V ■ >-* . Simons'Jc Dock Co - Coimell Dredge & 76 29% , 6sy. v ' - , *,:• Flour, Mills of America Ine^Four-Wheel prive Auto— Fox {Peter) Rrewing. compwn ,..V.. 150 HM 5%: is 9 f,.H' V "i- \i^y ;3% Jan 6% Feb 25 14% Mar 44%, Jun '#% Feb . *1: : ::.21% Jan # ':■? 34 1.700 ¥ •••; . ;8% A4ay«M v * Jun May Wfa Apr 15% Jun 2Q0 10%: ,-260, tAXW*. July. - General Amer Transp General Candy .class A Vl$ Feb 12% Fun 27:, --Feb »! 49%.-. .-05ft.- &'-Apr- a! • it A9%-July Gibson 25 'Vf — General Finance Corp copunon.. -General Motors Corp common— Refrigerator Co T3flo~ 66 common-. .10 15% 70% fv'70% common——1 $5U;tM 15 Yi 9.0 200 -1% Apr 16 18% Jun Feb 63 * , v,;.;id 10% Mar •:•:;88% Jan 2M4 Jun Jan ■ 43y« &m-y> .* 1.200; <69% >16% Jan- Feb 79% Feb Jun 10 1.400 *: 'Gillette Safety" Razor common— Goldblatt Bros Inc.common—-— ■ . ^ -26% ^ 24 : : 38% 25% 39 400 26%" 150 17% Jan 160 :• v.:-30O, ■y.MV* ffm V5 ■ visiter 14% '48% / 120 ; 3i<4^:v. AQO 2f 47% Apr 395 15 _JL2-i^:Apr ' ^ 15% If*. '.V SSIftol:4i,J23-V; ^aac^--'3R%--Jun 8.5% ; : if 'Apr :A2 Q A ***"' —-5 10 * 18% Feb 31 y* Feb *.': ; IS .29% «j» common. Jun 25y» Jan 4,800 38 Apr, —jan 25 U P 25 41% 14% Jan " 500 , 3% Association 16 k«A7%,Feb \ Quincjr Mining Co Feb t JanH: /May -j 136% Jun r 750 J ^- Fitz 25% Jan 1% Jan . ion 12T • % 1 "Electric j3;7% May Jan' , 4 t Eddy,Paper Corp (The)——m^.m HouseholdKltU Corp— ^—5 .56% lan } Pacific Mills common. . " 36*:* '35 14% Badge Mfg Corp common new,—Domestic Industries Inc class A ' Old Apr: : .-81 39 9.750" 13%*" 65% 130 r 23 . ; •> Jas 22 v 400 22% 60 V j(6d%^pr ; 39 % Feb 195 33% 75c — 10% 21 ;:::rl0% 100 1.440./rio; 35% 25 common common— t ,41 jJun 4% Jun . Jam,' > 100 26% vJ22% — New England Tel it Tel_— 17 : ; 12% 21% . dan,' 8ft Narragansett Rac'g Asan Inc. Nash-Relvinator JfurfeipnaJ Service Cos North Rutte Mining— May, 33% ■«? X25% Jan i - Feb|| 46 Mar e"» 38 . -200- ! far •'%';•' 22" - t ? 9% Jan - 200- . 13% '13% 42% Apr ,10ya Feb ,5.0ft • New England Gas & Elec Assn—• 5%%- preferred Jan st - 209% 211 f 5i8/4 Feb , ; -jmn:' at v££ 6^99#^ API -100 3 V ? 18%- 23%. >-4V Chrysler Corp common— .Cities;, Servloe Co common 15% f ^9%,Rua|]; k-29-;- - .Feb^ f *"' ■ 47%'Feb t 41% Apr ; • **•■■': Consolidated n«narAl"RlPftfirfft 26%Jan - .12% Mar 40ft 48%.--' 110% 111J22% 322.%,, Chicago Corp common— Convertible preferred ' . 49% May : v. Mar ■■:*X v- Coleman ; «32%^uly's • Jan ! *; Cherry Burrell Corp common^— 36% * 1-. '•••: »• 50- 49% 34% —10 — Apr 19% 22 50 -~. ; ev4 "Jan J4%.Jan •40% Mar ®5,-^ 23 Pub Serv;;$6 pfd—• ■:v Preferred; ^ —— Central States Power *to Light pfd—* > *31 18% Feb A1 20% Jun ■ V AJ» -.-250' 35% 104% May 30% Jan • -2400^ 23 13.% ■■ pfd— • Central & W UtU commonkm. ■..•..1BO0 ->' .,^,, • ,-i'.950-vt ^20% >JafX; 66%. 49% Central 111 Secur Corp conv Eastern Mass Street Ry— 5% .p^d adjustment-, 28%- 31 49% (A M) common- Castle & Co ■ .100 600 ' 18% May It r:fe-7%^Feb|t :.44%J?eb[j, 1,300 56 Wire clasd A pfd«, common. 41% Jun 2 k' ' BUrd Piston.Ring common-,—— Burton-Dixie Co$» Jan Apr 15% 17%' 19 56% Common Bruce Co (EL) 20% May '90c 8% 100 .. ^Bast Boston Co 25—,- 15 kBrowh-Fencj? Jan ,26% Feb •• 230- t ,4^50u;,.v - Feb 199 % May ' Jan 4% Jun 15<- -Mar • Brash & Sons <E J) capitals Jan .25 Mfg Central Illinois 'cities ? 300 Bork ^George W) Corp___ Jan 23 25 .Feb 14% .25% May' AOO-t- 22% 22% Jan i 16% May 18 May 43%'JanP 5 Jan r>ya 12% -435<Fk-' 6% 10% • July; ; 20% /Jan! i : 485%iFeb';kr 45% Binks Jan; 20% May .14% 10% f 1,950 il% Feb 21 - ' 50 1.500 Bliss, <& Laughlin Inc conmaou—. Jun *91 Jan 14% pfd jStampedw—10ft class D 1st pfd——100 Stamped 67 13% 17 1st pfd Stamped——100 '8% '7% . 150 13 14 '.v • 17% •45% 86% May 42 14 67% prior preferredXOtf j5%,$)B8S A'Tst pfd.^Mn4.MwM>^..100 ,17 Bastian-BJessing Co .comrpon Mfg'Co common— Berghoff Brewing Corp__._— Jun 10% 17% Belden Apr k v. 300 20 V» -: v v ■ Barlow & Seelig class A <5om«— 51% Feb 136 r —- .650 21 y* common. Aviation Corp (Delaware). ' -Boston :& Maine RR-. 10 '12% r v'49% July s Jan 14% Jun 9% Mar 700-,- 198% 198% common 17% . Jun 70 ,53% Co Mfg Co Ath«y Products capital— % Automatic Washer common- Feb 200% Jun 70% <& Asbestos Jun 53% Feb Jan 43% Jan k200 143 52% 19% Mar 7% Elevated Ry— Boston ;.38%JJat 80 53% Edison Roston 71 i Boston & Albany RR- Armour High Ji97% 199 V? 61% «1% 63% ;-;v k 48 % 49% American Agri .Chemical .Co American Sugar Refining com 9% : .. 21% 21'A American Tel & Tel Co capital— Range Sines January 1 High 16 12% Allied Laboratories eommen $'0:. L "-K-r: J•?.*'' >.<: -Share* Last Sale Fries Advanced Alum Castings.. Ball Bearing common— 20% 4 15 Corp 49% Jiuly 4 250 20 Aetna Sale* for Week High * Gossard Co (H Great Lakes W) common-^— j> to D common '>•22% 23% 22% .400 .. kr':;4,';":^en-: Hall k 19% Feb '23% Apr Hein -10 Printing Co- common., Heileman Brewing Co G capital— Werner Motor Parts '- Ribb Rpencer BartJett common 184, if -V; 28% 46 46"": 22 46 22%""' 400 28% 28%' 300 70 11 . , 100 ; 250 17 • Feb r Jun 21 $$%* Jan 1 ■r: ■> ..... . 32 . . 17 ^.-16% - ; • .42% Apr • "250 24 Yd»;*"*•^ ■:& —T ? •• ••<£$ 24% Jan 30% Jun 27 Apr 35% Jan vt Jan Apr Jan 55% Jan 5 46 July 24% -33 •75 Feb - May > Jun ' Volume 164 THE COMMERCIAL & FINANCIAL CHRONICLE Number 4505 OTHER STOCK EXCHANGES RANGE FOR WEEK ENDING JULY £$£ / Friday Week's Sale Price fw American Laundry American Machinery ^, , Products lout v ^20 ,' T Participating preferred, Baldwin ........ Burger " —... Brewing , 21 —8 .<, , 21 24ft >17 -w Carthage MillsA 4 24ft —• — — Ball Cranky < 46 si* 11% 110ft 110 110ft 104ft 104ft 104 ft 20 12 AAA 81 -60 Telephone Cincinnati Union 104ft Yards.—. —* Crpsley CJoyp. Dow 17 -60 w Stock k 12'/a —* Drug 17ft' 17ft /104 ft 105ft — Jun 17 July ' ' Jun •'■■109ft 1 ••': 115 Feb 110 Jan 20 May 106 May ' 14- Jan. 221 x 46 July 13ft May i /-'-v Jan 95 : May 89 Mar 10 ft Apr 192 29% May 25 5ft Mar : • 21 * 400 ; 13 29% ;; :> Mar Jan 45 , 75 —20 Allft' ^ Cincinnati , 6 17% Jan 14 Feb . 33; ■—8 46ft Jan Jan 13 ft 100 , .100 Cincinnati' Street' 1% . 20 High^ v 40ft Mar 5 17 46 — 32 , Cincinnati Cincinnati Gas & Elec pfd_l— c n o & t p V;; 142 ' 4 : Range Since January 1 ^;:3tos®»' v^'. 44ft 21 . . Shares atoh 43ft — ::■ Sales of Prices 60 , 29% July 13ft Jan 38% Feb V ... • v1 , /„t y.(f ; t ;>* Eagle-Picher Fonnica Hobart Insulation class A —.. Kahn Kroger — Leonard '.—.——A Lunkenheimer National Pumps Preferred Procter 4s Gamble,.., Randall class U S Playing U S a . Card. Printing , Preferred Unlisted— American Rolling Mill •' •: • Cities Service City Ice * ■- • ——— Fuel_ & Columbia Gas General Motors Standard 28% May 53% May — Brands Roller Timken Bearing. Cleveland Slock ~ : - Bale Price f-y, July 34 ft July Feb/, 18 ft 37%;jttt 4* 25% Jaif • 5lft Jau 101 ft Feb v., ' Feb ' 79% Jan Lota, High - American Coach 3c Body.*—•——5' American'1 Tel & Tel' 100-• 22 — ■ 40 Brewing Corp of • America£-.._£r,,—.15 City Ice & FueU.— • Cleveland Cliffs Iron preferred Cliffs ' Corp -—5 TJay 120 j. May Consolidated 37'A May 87 ft Feb Electric ' v Natural^;Gaa_-^^^-15 " Controller Railroad £ a34ft a34ft — 103' 31% (Un) 0 •= 25 5 .k»;v common (B F) (Un).— ; common—-i— ;'.r >" .v\ 'V ' Gray Drug Stores Greif Bros. Harbauer new —— . 12ft . ,;17%r;l8/^'/ 300 "20ft/Apr " 16% Jun —1 'l?-' * '"r ' i' * : | —' 14-.. ' -i •• - 46%' 48 14ft •. ^—1 46% r .. r: July 51% Feb Lamson & Sessions •.. - • uoft^pr ' 200 13% Jan .,"7% -—-1 l^QQOr ; 7^18 7% ; ^£.8 ' v-82%v u' ' 1 % 9ft —2ft 8 - 70ft } —^ 32% ' 32ft J5ft 38ft 40ft 18 17% - 78 — _13 - 78 .1 * ,• 36ft ; i2Va : r 36ft 38ft 12ft. 12% 5% .6 184. 200 : 18%'; 18% 5v '14%"jun __ 2.400 - • - - . . 16 Apr , 400 - 27ft- Feb ... 1.400 _i 100 Apr_ 5 May "66% Jan 17 < :V <-»??* ,205 - - (; 135 y;* : \-yvJlv.fi 37 ft -75'-v>»36% 50 ,68 Jan 56ft " Feb Jun 88ft Apr B 20ft 20ft •:6ft » 7;'v)^'i"v • % ' W- Electric Steel r & t" a27% 39 — 40 a41 -50 Eng 29% ' I (Un) 6% a39% 40 ft —• — Richman 53ft • (Un) i 15% 13 13 * .... Mfg Republic 15% 53ft y . a41% • 5 Bros A- . «..,.• W . (Un) /-v./.. U S Oil Steel of • — • Seiberling Rubber Standard • '* « ^ .. *, , • 09 * — Ohio common.. (Un) 09 ..10 a28% a29y8 • a90% a93Va 2 World * Publishing Youngstown Sheet 3s Tube common-.* Feb JafiL Apr ! Detroil Stock Exchange 18% Jun . 9 Jun80% Jan ■> Feb ty ;' 60 Jun I " 4oya July 19V* May 1,100 Feb 69ft f- • Corp of Amer (Un) Reliance 52 Jan ,44"',,45 50% 51% -10 Warren Refining & Chem 82% May 36% May / i» ", — * 16% May 32 .v.; Apr: 28 . 21% Jun' 30 Jan 62% Feb « . Apr a49ft a49ya • — & "A ''' Radio Jam 83 ft 28% May 100 » Oil \ 25ft Jan-v 67^ -■ Pennsylvania RR 37/. Apr a 58ft Jan, 1.000 - 18% . . __ —50' page 9 May 18% Jun - 18ft 78 44,- Ohio Jun Jan 45 ^ al7% al8 • Cement class Brass Packer Corp '^Jwy'V- 100 __ - ; v , , -Jvm 32ft July 59ft Feb 20 Feb 100 15ft 38'/a- . "For footnotes see 200 100' . ' 27 Va :- 1 « » 62% *62% —* 20% May *- 3* 1.300 9ft ' 10y8 ——27 ft r»*—l < ; 'r.A%May - 400- 70ftw 70ft w —• ^7%MaY- : National Tile 20 y. Fen 38% Feb 500 ;• — -33ft «—25 * ' .-J 23% 25ft"26ft : - .1,40.0, * 22% ; ; f. |3ft ; Jun ? ■ Portland .V- 42 v.,, 299 1'VV' r 1 & Laugh lin Kelley Island Lime 3s Trans Ohio Apr '23ft-Jan 66 ft77ft,a7?ft •© * Metropolitan Paving Brick 16ft Apr 14 " J8 — ——• 800 li%<:i2ya> • —4—4 ^—19 " ' 25 a55% a56ft .* — - Jones . —• : (Un) 't 45% May .200 * • Map- 75 - • (Un) com Steamship Medusa ' J. Iron Interlake -r 65Feb 30/'•;A/'16 1 May 50 28% Jan ~60 —* Industrial Rayon .,18ft Apr ?^y-25% Jun lift May 13% May 34ft Feb 42% Jan'— •: • 44ft JunVv ' July ' •' "1 £* Co Interlake 25ft A.,, 500 12«/4 : 100 .: '103 L* Cooperage class A V'-;;v y\ v<- ■ JanT Feb ' 26ft'Jan 1,091 -9-- 40 —'-:.-K'a51ft a52 ' 96 30 /:A..a?lft a72% — • i ■ 28ft a47y8 a48ya __ * Co Goodrich ■: _ -78ft May 22% May vMay Friday ■ Week's Range Last 38ft July- 1R : > 6% May V voey*. Apr BaleFrice Par Allen Blectrlo - 1 of Prices low 5ft .. Sales for Week Bangs 81nee January l lo» Biql\ Shares Hiah 5ft. 750 . 7ft Feb 4ft Jan > • . J *91" 'May - a73% a73% * General Tire & Rubber common... 15 69 - l?Jan /!,. *'72 260 32ft- 39% , Electric Glidden v al7ft-al7ft AA/ v (Un)_— 4 * 103 31% 69 General Motors""' ,,..25 16ft Mar 25ft May 185ft Feb •' *200y4 Jun 126' - /' ^ ;-a53%tt54ft ' - ^ • Firestone Tire & Rubber General 102 ' Faultless Rubber j., trl98% * High -'23;—"5ft- Jan/'/'A Jft'" Jan// *50 . ~ a90ft a90ya , Erie 1 ttnr ' "" 22ft al98 ... Range Since January 1 t Feb! 61ft May 25 ft Sales for Week of Prices :.i Shares (tinr;:'"a6ft .'a6ft Alleghany Corp 45 ;.w ■ Exchange Week's Range Friday Last Mar Jan 65 STOCKS 38 Jan 80 Pure Oil £♦ Apr:5;'. '19% May Baldwin Rubber Brown, McLaren 1 j-_.1 ' — 16 16 r;;- 3% * -3% . 160 T700 ;15ft Jan .■ 3ft May' - ,19 5 „ -Jan Feb | ■% ? ral commercial ^fiMNcial chronicle a r^j r!-> */ t Vf ;♦' VV' ■'"•c-'-fvr Monday, July 8,194$ r.-^i OTHER STOCK EXCHANGES v. RANGE FOR WEEK ENDING JULY 5 f} . Week's Sales Last Range for Week Sale Price of Prices Shares STOCKS— High CO. WATLING, XERCHEN & & Merchants Natl Bank Farmers Television Farnsworth Fitzsimmons Member* New York New York Stock Exchange Detroit Curb Associate General ' Holly Development Hudson Range Share* Low Par 1—10 Detroit 10 7M» 20 Iron—^—*-5. v;5 %;-V: Edison common Detroit-Michigan Stove Detroit Steel, Corp.— ——1 —_ 2 Fnemkenmuth Brewing Friars Ale.''—— ' 26%v 6 3.. —— - Low General Geiity High 16% Mar 21% Jun Lincoln Petroleum•fin.1yr..T 23 Feb Lockheed Aircraft 7% 3,110 7 27% i5% v., 6 3 3y« «% Feb Apr Jan 28 , ' - - 500' Mar 125 May 16 23 72% 394 7% 7% 5,045 7% 7% 400 80 6 11% 11% ——1 LaSalle Wines McClanahan Petroleum 200 23 100 22■% Mar 30 332 27% Feb ' Jun 34 3% 3% 620 41% 20 100 41% — National Stamping 175 25% Ranch Rice Jan Jan Corp X:'Xk'0XXM 3% Jan 21% Jan 600 4 Jun .9 May 5% Jan 1,625 ,7% 46 36 175 6 1,220 5% May 660 7% 7% 1,115 4% May 6% Jan ;y? . _ 12% 18% 19 uX,'* c'-i> .-"i.1 ;• Standard Tube class B common——£l 6% r 1 T, * , Tivoli Brewing 1 — .: 6 Pacific Oil Co i .. 13% Jatt 16% Distributors Textron 9% 17 24 July 8 Inc Co class B Mar 17 24 Jun July 18% .. . ———* 18% 150 13 16 200 13% 4% 4 Wayne Screw Products new com 3% , 5 3% .1 Warner Aircraft common 400 3% ' Mar 64% Jun ! 11% May 9% 548 87/8 Jan 5,708 52%cMar 1.20 May 110 14% Feb 20 V* May 10 25% Feb * 566 41% 320 14C 15C 85C 82 %c 90c 19% 19% 90 • - 1 34% May 48% Apr 53% Jan 100 " 69 330 Mar Feb 16c Mar 19c 11,900 65 : Jun 8c 19.500 90 Jun Jun 90 July 1.00 Jun 17% Feb 20% Jan 21 26 * 50 a25% a25% 1 — Feb Apr 39% 39% 323 33% Feb 39% Jun 31% 32 397 30% Mar 32% Feb a30% a30% , 24 29% Mar 31% Jan m 65% T" ; ■: 66 410 55% Mar 69% 54% 54% 374 42% Feb 59 12% |ii|2% 12% 1.370 .7% Feb 14 25% 25% 435 18% Mar 20% 20% 1.378 16% Feb 28 28% 912 mi Feii 23% 24% 370 21 a24%a24% 50C common. 12 Jun May May 25% Jun .21% May inc 4% 16 Jun 28% May 27%r'Apr; 1 — — Jan -25% May * 33% Jan 13c May 21c Be May 20c Jan 2.80 Apr Mar Gold Mines Co————10c 14c 14c 1.000 Cardinal Gold Mining Co.—1 Cons Chollar G & S Mng Co—-, —1 July 6% May 4 10 Mining Stocks-* 20Y8 May.: Jan 3% May 1,840 Feb 10 < f — Universal Cons Oil Co.— lie 11c 1,000 2.25 2.25 100 7c 70 1.000 7c July 7c July 6c 7c 21.000 4o May Be Jan lOc May 24c Jan 23 Feb Calument & Walker 59 40 Jun Jan 9 Vs Mar 1,000 44% 44% Union Oil of Califorhia^.mMmMJS!9 26 11% 550 20% Feb Jan 25% Jun 5 Mar 16 —,—__1 U S Radiator common— 16% 24 1 common United Shirt 45% Jun k'82 • Company.. Western Air Lines Udylite I , Jan , 60 * \'i- 2.70 Feb m; 41 42% 202 a33% a33Va Transamerica 10<H Jan 15% Apr 1.35 Apr 172 • — of Calif Oil Corp. Sunray 19% Jun 1,350 37c Apr 11% Feb 95ct|1.10 9% 32 Standard 6% Feb 8% Feb Jan Apr 1.50 Jan al9 al9 % 9% 39% Apr 6% Jun 10% 17c 14,381 ; 45% a29% a29% al9 25 Mar 150 26. 6% 26 6% ' •* • ... 6% . .1 Timken-Detroit Axle new common—10 6% 1.95 a63% a65% —— Calif Edison Co Ltd 10 370 75c Jan 8 200 1.65 — 25 preferred class B—; 5%% preferred class C— ——25 Southern m 1,015? %July Feb 1.00 Jan 16,200 14 a44% a45% - Bolar Aircraft Company .. 12% 8% Jan ; Jan 7 • 25c 14 10 Sinclair Oil Corp——————— $< Feb 7% Jan 47% Jun Jan 5Vs | May 5 12% 23c 25c 45'/a Signal Petroleum CO Calif— 5% ■■ 150 100 1.90 Signal Oil & Gas Co "A" 110 4% 12% 1.25 37c Jun 1.75 Apr Jun — 3,825 586 2.25 42% Jan % Jun 44% 17% 5% a.10 ;.v 9 Sierra Trading Corp..... 5% — 9 1.25 I-I30 Apr 4% 5 . 16,900 a44% fitnrM, Company Jan 46 .. 75C Sears Roebuck to Co— Security 8 10 Feb 1.05 Jan 1,220 .3,677' % 70c 95c 5 7% .* 1 ■ common- 6% Jan Mar 5% xT. 70c common— 3% May 2% Apr 17 20% Jan 31% May 600 1.15 Feb 1.15 213 5% — 300 ——1 , Sheller Mfg new common ■ Jun 42c (v 600 10 fttipgiW'•' vv■ Bcotten-Dillon Jun 1.53 Feb Feb 17% 3,600 1.15 • Southern ;:?■ 1.05 Jab 20c ; " 1 . 7 4% — —2 Paper—.....• River Raisin Jun 1.95 ■' 3% 2% v 2.05 32% Ttf 28 . • 2% (H W) Co Rickel 50 1.90 5% Oil Co Oil ffefewAy 45% May vM Packard Motor Car——.—-—__— Park Chemical Co common.:— ,.—1 : 5,900 1.90 -X common Republic Petroleum Co Jun 4 2% Apr 35 Elec 17% ipfrjdx v'1 vW'' Parke, Davis Peninsular Metal Products 100 1.35 Mar 500 390 &18%al8% ._1 Pacific Lighting Corp commonWestern Oil Corp.— Jun Mar to 7 __ ——2 ... _ 1.20 356 1 3% 2 17% \ ,>•f May ' 1 Pacific Jan 15 . f V Gas 6% 1st preferred | Feb 28 Co. "7- Pacific Jan Jan 8 165 24% 24% ——1 —i Oil common— \"X ,\'y < A,v,» 50 I Company Corp Oil Oceanic '-' 26% Jun 25 13% Jatt Richfield — Murray Corp i Jan 46% , ' ', 7 . 1 10 — — Products— Screw 27 44% — Corporation, Ltd^— Northrop Aircraft; Inc— : Masco 1,725 Feb Mar. iX'V 8% Feb 15% 24 13% £. v — • 1 —— Mar 32% Monogram Pictures Mt Diablo Oil Mng & Dev Co 8% Jun . 10% Jan 110 29% ••.'—• ——-1 ——— Jan Mar 25 — _ Hudson Motor'Car Klnsel Drug • • 24 RooVer Ball to Bearing————10 Hbndaille-Hershey common . Mar 5 7% ——I, Kresge (SS) Co— 33 - ■ Merchants Feb July 42% 70% May 72% 7% Motors ——— —10 Michigan Die Casting-— 1 King-Seeley Corp Mar 61% 83 Jan 4 41% Feb 450 — 28 38c --'inn - Rights." 6% Feb 42% : 25 46% 1 Manufacturing Cov,,,,1 Menasco 27% Feb 4% Mar 2% Mar 1,600 17 23 342 Jan 23 y-':-,- 3,700 1.65 Cnrp Mascot Oil Company Apr I Feb- 1 5% Jan 9 150 6 / 7 25 1,389 -108 ^ 27% 42% • Apr Feb 1.85 > 1 21V« <Jun 22 HUtd Lock & Mfg 76 * May 1.15 Lane Wells Co— 100 * „ 79% 30 a29% a29% r~10p s 100 * Graham-Paige Jun Jan 50 Corp— 20% Mfg class A—1_.— Gbebel Brewing 20% Jun . 69 Va 21% 123 * Nordon Class Jan 942 a96%fclii97% Inc common—„6% 21% B GCittmer 10% 200 Jan 19% Jan v $ X .15 y« Jun a66% a67% 1.80 Jade Oil Co— Range Since January 1 High 13%' 13% ! 26 26%*: , 1 — 18% X 750. High 385 Apr 200 a66% — 21% —- Dfctfolt to Cleve Navigation. Detroit Gray 18% ; 72%;vU;73- Co 20% Burroughs Adding Machine.. Consolidated Paper ' 15 Low No. .13% Jun 8 Jan for Week •f Prices *.305 15 * common— Petroleum Intercoast Sales Week's Last ®**# Price T4 -14% .• common Motor Car Co Hunt Foods vvIWSay 15 : 355 20 •. Telephone: Randolph 6530 ■ 1 A Motors Paint Corp Hancock Oil Co "A" STOCKS v Range Since January 1 Low 360 360 ■ Goodyear Tire & Rubber Co DETROIT ford Building ' Corp *.(The—■w—JJ Corp common 10 Garrett Chicago Stock Exchange ' 100 Radio & class Stores General : Stock Exchange Friday 2.05 Mar Apr Gold Mining Co———1 Ore ' Imperial Development Co————25o 6c 13c —25c 2endb Gold Mining' Co-. • 3,500; 15c Unlisted Stacks— Se Stan San Corp— Smelting & Refining Co.. Amer Rad COMPLETE INVESTMENT FAIRMAN & CO. Member Los Amer AND BROKERAGE FACILITIES Mining Co—— Listed—Unlisted Issues — 66% Mar 186% Feb a48% a49% 1,397 50 10% 10% Direct Private W!re» to West 7th Street 210 i ^ Baldwin Locomotive « — 33% 170 Sale Price Par Aireon Mfg Low n% 11% 50c Corp— Bandlni Petroleum Co 4% .. Barker Bros. Corp. com new———10 Barnhart-Morrow Consolidated 1.00 Berkey & Gay Furniture Co———1 Diamond Corp 2 Bolsa Chlca Oil Corp— 1 90c 4% Blue 9 9 Pacific Railway Co. ^5 — 56% 56% 11% Jun 50 3% May 100 4% 35 245'" 3,700 ..: 1.00 600 4% 200 4i/2 93/3 Jun 6% Feb 2,200 5% Mar 800 6 Apr May High 17% Commonwealth & Jan -10 Central Investment CorD— Cessna Aircraft — 6 Jan Class Apr 7% Jun 70 31% Feb GO 41 Jan 45 33 31% 32 430 1 7% 7% 110 31 May 6% Jan 129 129 130 120% Mar Colorado Fuel & Iron new 5% * __ a May 9% Feb . 375 16% May 20ya May 37% 335 34y2 Jan 45% Co—-———5 Creameries of America, Inc i 27% * Aircraft Dresser Industries Co— (new) • , 50o . — ' Electrical Products Corp—4 & Equipment Co Exeter Oil Co, Ltd class A 15% 5 1 ; — ' * 126 26% Feb 41 10% Jan 13% 28 400 22% Feb 31 230 18 23% • — — Corp————X Ry Co preferred-— 190 65 20 75 31% Feb 1,290 36 17 15 15% I4ya 14% 2.55 ;2.50 2.65 90 May 98% • Mar 33% • Interlake Iron a6l% 100 14 Jun 13% Mar ; * 60c May. 35% Jan ' Apr 5% May 32% Jan 23% Jan Jun International Tel to Tel of Canada—• 39% Corp—.—* a22% • 7% Inc ...: 2.70 Apr ■ •••:.- i Jun v" McKesson to 2 19% Feb 26 220 51% Feb a51% a54% a76 a76 May 56%. Feb 40 46 78 al2 18 - 410 39% 385 a22% a23% 60 39 y8 77% May 15% Apr 59% 145 Apr -63% May 77% May I 10% 160 a61% a62% \ Apr Jan 62% May ' 13% Jan 20% Jan ,.; 36% Mar 41% Feb Jun 31% Feb Apr 23 58 58 250 50% Jan 60 13% 15% Apr 407/a Apr 14 1,075 11% Jan 35 33% Jan Robbins, Inc.——1..—.18 • a51% a52% 95 47 Montgomery Ward to Co, Inc— I a23% a23% 20% Feb 16 Feb 33% Feb ' a35% a35% 2—7 Apr 12% Apr 20% Jun 25 ...—*~~~—-——* Libby. McNeill to Libby— 40 30% Jan" 50 325 a46 % a48 % 18 Corp.——* International Nickel Co Jan 1.965 Jun 11 " a47 a47 a35% a35% 7% *7% a20% a20% Apr 24 21.592 Feb 31% May 2% Jan. 27% Feb 50 • Feb 50 ' Mar 5% all% Graham-Paige Motors Jan 24 169 a86 % a86 y« 25% 25% r 54% May Feb 12 Apr a ■ 51% May 78% May . Loew's, Emsco Derrick — __ * Kennecott Copper Corp—.——— Douglas — a46 % Goodrich (B F) Co—— Feb 27% 37% .. - 136% Apr 20% al7% 20% • 73% Mar 5 ki' .5 ..1 General Electric Co.— Jan 371% 17% 20 preferred Consolidated Steel Corp——— 22% 45 a24% a24% a24% -_5 A Great Northern 5 Chrysler Corp 18% May 25 al8% al8% 5 -1 „1 Electric Bond to Share 70 Vz May 40 Jun. —100 Company III Vultee '• 310 a35% a35% — ■ ' 335 a28%a28% * •': ' -77% 97/a a35% a35y» Packing Corp common..^.* a38% 125 Southern Corp. General Foods Corp California : is 12 Continental Oil Co (Del)—— Crown Zellerbach Corp.—. Curtiss-Wright Corp ———— Jun 2,077 Jan 50% Apr 112% Feb 52% Jan 77 y« — Aircraft Corp ... Continental Motors Corp—_—X Cons . 1.15 Jun 57% 48 Feb 6% Jan J 41 843% a44% * —• Commonwealth Edison Co—— Range Since January 1 Low 98 a38% a40% — .25 Columbia Gas to Electric Corp— Shares - Jun 20 20 a5l% a5l% — Co.—— ■ 11% 5% _ Broadway Dept Stores Inc common—• I Commercial Solvents Corp— for Week High a377/s a38% __ 1 Byron Jackson Co. of Prices ■$!$• J Apr 5 — ..5 Corp. Cities Sales Week's Range .15 Caterpillar Tractor Co Service Co—————- Angeles Slock Exchange , 30% Jan 49 , , Case Last a53% a53% a55%a557/« 38% Jan 22% 165 .. » Borden Company Canadian Friday 160 Jun 14% Feb 30% Mar 25 a48V4a49% all0%all2% .—5 Aviation Feb 119% « LOS ANGELES 14—TRinity 4121 STOCKS a29% a29% .—5 Corp. Bethlehem Steel Corp— Bendix Borg-Warner Los —13 Works vtc— Barnsdall Oil Co— SCHWABACHER & CO., SAN FRANCISCO YORK Jan 9% Jan ; ALLEN & CO., NEW 81 18% May 12% Jan 109 241 — 68% Apr 194% Feb 43% Jan 336 17% 17 —33% —3 —— 17% Jan 50 al99 all5y8all5y8 17 .100 Corporation al93% — 5 (BD——- AT&SPBy Co Aviation al98% 308 a67% a67% .. —50 Anaconda Copper Armour to Co Angeles Stock Exchange —• .100 722 20%21% —— American Tel to Tel Co-.——.. 92% 93 : • 406 Jan 76% Jan May 99% May 51 f Number 4505 [Volume 164 THE COMMERCIAL & FINANCIAL CHRONICLE OTHER STOCK EXCHANGES RANGE FOR WEEK ENDING JULY « >>> 7 vi;,.Friday ■0; Last Range ■■.; for Week Sale Price Par. Central York New American North American ;,,Js i ; »f Oil Packard ^ 1' Co v *j Car low, , 14J/8 14% a33% a33% 50. . f. —20% v Co———. 38 .._ Paramount Pictures, Inc.—.— Pennsylvania Railroad Co H-& m£t —50 i Phelps Dodge Corp——. Pure; Oil,. Co.— a41 ; —25 r . .... 72 60% Jan. ! 78"% Co ,1,121 530 Candy__i___ Columbia - Gas & Electric common. Feb - ;'7;v; r 77 .. 46% May' , 14% Jun ■' ' . ,v 1 "7:- 12 1 iJt> Radio Corp of America—.— Republic Steel Corp.— •. • Seaboard Oil Co of * Del -• (Ind)-, .. (N J) 25 Btandard Oil Co Webster. Inc-—-~— Studebaker Corp — 'i '• L7 Texas y t, a77% ' — Tide Water Assoc Oil,..,,.;.,..,.. Union Carbide Union Pacific & Carbon U —100 — 38< 38 Brewing-— 65% Feb 580 rT Feb Mar^ • 'f 19% Feb" 400 all3%all3% — al51% 5% 10 • 80% Feb -1 Woolworth Company (F W)_— .10 ;45 ■ 96% Feb San Toy & United Olass^— / " a20% a57% 7 17 Bolt 9% • ... —100 ® 10% 1 66% •. L >,u 8 28% Jun «*«»1 common. vtc ' 1 ' 8% Feb": 80 ; Feb • Jan " 14% Feb 70 Apr: Jun , 25c 39% 241 33% 33% , , V63%May 1% May : ?2% 2% Feb July 60c 5% Jan .5% Jan 100 40% 34% • io% May ;15 39% ; Jan '48% 405' 1 V 4% 65 9,200 , Mar. 39% J UP 125 30C i3ya jun' 2% May - 7 ■ 175 22%" 24% 22% 22%,; ■ — —' com. —12% ' 17% May 6% Jan 4 2 . 25c 21% July Jan .10% Jan , 300 9% Jan • 340, > , * 28% May •; 41% Jun 39% Jan' 5i%5Ky: " 32% Mar 375 Jan: j 32% Mar ,7 a56% a57% St. Louis Listed and Unlisted Securities Philadelphia Stock Exckange STOCKS Friday Week's Last Par American Stores —• & Tel American Tel —....— Locomotive "Works Baldwin t v .100 of Prices '■* - — 198% Low Edward D. Jones Sales a Range Sale Price for Week : Range Since January 1 Bightv 36% 28% 197% 199 Low 75 - 27% 746 185% &W. 38% ' Budd 83% Apr 17% July Co W Rights ; — ■ Chrysler Corp •..^i.„<.W..<.l.,<„..M.;yi.»,. Curtis Pub Co Delaware common Power & 17% Power Pennroad % 17% July 26% & Penna Salt & American Inv 14% Mar 17% Jan Bank 9% Mar 12% Jan Burkart 9% Jan Jun 47% Manufacturing Philadelphia Electric Co eommon ;. $1 preference common Coca-Cola Emerson May Johnson-S-S Shoe 35% Feb 24 Feb 4 21% 40% Jun ^ 27% Jan 41%. Jun . f 5% May July v, , : 46 Shoe • common Jan. 8 52% Jan 43% Jah common—........^..1 5 /lo J1'1 < >r 1'/ft*,* ,Jl' v* , 20 • ' Feb 15 - Mar Jan Jan . Jun 50 Jun 27' Jun . com .5 —; 10 Laclede Gas Light common McQuay-Norris common 50 Feb ; 9 ; 40 Jan 25 * common Laclede-Christy Clay Prod 78% Jun Jun . Knapp Monarch common...—.——* ( 10% Jan Jun Apr .—.100 Johansen * Jan 31 17 ""'A % •. Feb 4 r 6% Jan 25J/2 Mar 9% Jan 35y« Jun Blanke common-— * Mo Portland Cement com—J25 23 32 24% Jan 30% Jun Stix, Baer & Fuller participating Mining Corp Jun 55 1 common Jan 59% Mar „ 8% 1 common 46% 33% common Invest 9% Jun 46 ■. 5 Preferred, Tacony-Palmyra Bridge- Transit Jun ... •-•/v;'1 : , Electric Shoe International Shoe 32% Jun Tonopah Jan .10■ common.. common 32% Jan „ Motors A 15% July Mar 47 '7;:. ■■■>; -;.7, j1 •. Hydraulic Pressed Brick common—100 pfd........... .^r^t Oil. 8 35 15 ■; ;. 121% May Class Bottling Brewing Feb General preferred . 3 common common High, Mar 11 Mfg common..——1 Century Electric CbWwWW 31% Apr 32% July - Paper Shoe Columbia Corp Reading. Co RangeSlneo January 1 low —1 . Light Philco common Buil'ding Equipt Brown Light Phila Elec Power 8% • 7; Par 80% Jan 70 May - 49% July . Curb Exchange Associate 55'/a Jun 69% Jun 40% Feb 7-' ^;£pi CEntral 7«00 Bell Teletype BL M ~ Apr 49% Mar new.——. Corp Power 10 32 Jan 59% May lb 42% Mar 49% May Meyer common— .preferred United Phone .?•<;. Chicago Board of Trade Jan 26% — 27% Scott ' Jun Pennsylvania RR Sun ' 7 Brothers National Reo ; 140% Jan 22% Jan Lehigh Coal & Navigation 4.4% ^: ; - Motors Gimbel Penna ' : - 26'/4 Jun 117% Feb Light SlectriQ Storage Battery— General 126% New York May May 121 _ ^ Jun r - Chicago Stock Exch. Jan 135 , 77 New York Stock Exchange St. Louis Stock Exchange I Jun 200% Mar Members 45% May - Feb 95 300 North 4th St., St. Louie 2, Missouri High Jan 30% Apr Bankers Securities Corp com—.; Preferred .i Co. & EstabUshed 1871 Shares Wagner Electric .......» Corp common : 83 "^preferred United Gas Improvement common common Jan ; Jun Unlisted— General Electric common. General Motors common. CANADIAN LISTED MARKETS RANGE FOR WEEK ENDING JULY 5 Montreal Slock ||l Exchange i i pi Friday• > Week'e "LmIRangeSale Frist - r:P:i :v l'\ ® ^PCK8 /7v r : , ^Friday- , / -/ Week'a.. -tas* 7-: r' 7 > ,4. v' 7 7= .f Alitibl'Power & Paper:new corn——*. v New $1.50 preferred— .20 New $2^0.-preferred—... L-i——29 r* 19 *■ Steel.common.w.—^w—• Aluminium-Ltd. v Corp —. 4%% convertible Ashdown Cnrp 22 v • .22 212 20% 100 , . 212 26% Low .High Brazilian Trac "vt-n Mar 22% Jun British 'Columbia Power Corp A 21%;Ap? 40 Apr Bruck 75 1550 38 25 22 340 t 41 » 26% 145 ' 270 j ' ■ 37'/4 July 20% dan " * ? 24 - Jan 103 Jan 29 Jan 40 May 20%Mar 26 Feb 100 130 - 26% Jan 227 Jun 27 Silk Bulolo . Jari May see Cement Preferred 184, '-►rfrtVw «<V-rriV*.t-' . - r- -197- -2,104 Northern 27 ■ Foundries Power & Cable Co. -35 /May 5% May 29% Jun 24 % Feb 131. 155 Jan >16 — ' Jun Jun 14% May r."/•?."•' " * * V 18% Jan 22% Jan 53 88 May Jan 47. ; „ , 47% Jan 20% Mar common '25% Jun Jan 26 common Jun 35 July 9% Mar class A. — Bronze *30% Jan- '' 'Jan 12% J. B Apr Jun - 14% Jan — preferred Class 216 19% May ' 23% Jan - pfd.i Corp.. Canada Steamship common— 5% Jan •20% Jun- " '- Jun Biqh 24- -Feb' 181% common Canada Low 19 19 ——.1— Iron Canadian page Range Since January 1 - Mines Canada Preferred For footnotes 207 / 22%- 23 -.... 1,635 3% Mar Canadian Breweries Hardware 22%- 205 ; ' >• - > i 23 Mills. Gold Canada 1 103 - ; 22% Shares High—. Building Products class A——. 106% May May 206 Xour: Class B Canada Wire preferred. —1..—.. Light A Power— 14 - .22% — 18%Mar 10 100 213 .fttngeSinee Jannary 1 •? . 22% : .. i i— 4,477 • 106 38 22 . 100 . Telephone 1,940 ' 38%~—-• 106 Bell . 19 . Bathurst Power & Paper class A.. ,1 common— Warrants Asbestos 37% __ : Aluminum Co of Canada Pfd——100 Argus -37% — -—100 — 18% 22 Agnew-Surpass.Shoe common..——• ^ Preferred'J.—. \20 19 . 18% Acadia and Atlantic Sugar A com—..*. '7 5%. preferred ..—.100. Algoma Range .for Week 0 Prices*/, Shares SalePvIee 7'.„ < ; LotW 'High . ' <•.iSales7'^.7\ ^ Sales"'r' ferWeek ef Prices 1 . 34%. May, 200 * ' ' -w 15% — 147 * v 22% Mar 970 66% -661/e 25c July; -13 * i , 7% Mar " 525 r :72 2 —1 » \°nnJ 11,/ 10% 10% . : r« 21% .17 72 w High 30% May Feb \ , 90 , . W «~»1 Mining Westinghouse Air Brake Westinghouse Electrio Corp a22 :&;y% 24% Mar 1,275 1 18J{a 12 2% 2y4.. k CorpiWX—— States- Glass . l°ya ; ---r1® 45 33% 11% ''u 1 229 32 19% — , a37%a37% 33% 21% , . Plate Screw Common % : ——* common Pittsburgh Steel Foundry pfd_ Renner Co iW 119% Apr 160% Apr 7% Jan 51 '> ;k —10 -r n Preferred 23% Apr 100% Feb 160% Apr 4% Jan 35 6 a90% a92% -5 -• Brewing Pittsburgh Pitts '/ Westinghouse Elec & Mfg Co— Willys-Overland Motors, Inc— - —~J Pittsburgh ' • 22% Mar 100 ' 28 31% National Flreprooflag Corp.W.p.^. Oil; & Gas —.5 Wr 4— 65% May 450 alol%al54% * s.<* 8%" - r * .—10 — Bnp^iyT — J,—__ Warner Bros Pictures Inc Western Union Tel CoX...« ~ Ohio -38:V;Jun -wrr>; r :* 53- ; " 418 — 1 Refractories!!— Gas Mountain Fuel 23 > Jan .29% Apr " v..v... 46 Lone Star —i; . 13 40 "4.: >52% May 49% May 76% May .. Feb .18% 50 ^ a23% a23% > 47%. Jan -. Jun - 29% . Harbison Walker 35 May 18% Jun 15% Mar 145 „ a64% a64% a90% 7;:' I 36%v^- V m-u —-• Corp. (Del.).WW Corporation Steel' Corp S —10 Railroad Co United a78 a21fi -A •-—25 Feb 18%. Jarit <40, . 40 a20% —— i&- 966 i , Jan 30 60 If a77% l — ' 31, , a46% a47%«.. 12 &46.% a47% 31 __ ™-l ■■ ■- Co' , a61% a61% --- ^.v- . 18 .. 25 Co Stone & :■ i . , 40^ a35% a35%... — Standard Brands, ' tee-4~—~~ ,■ : —15 >;.:>> Standard Oil 14%. >15% ^ m 39%. Bocony-Vacuum Oil Co Southern Ry Co » -.14% Range SInee January X. ; '/,}*•. ' - ' Shares 13 — 12 t\ —10 , Fort Pitt r>28%May ^ ' s. , >i'v' ^ > -> for Week 28% —. .♦ j Sales . Range lou>; Mlgh>tt——;'—t M —•* . (D L) Devonian Oil 37% Feb ^ ,T20%Ptto Clark Apr 47 40% May 'Week's of Prices Sale Price 12% Feb 125 ,, , 1 Friday * :v;.f^--Last 29% July 9% May V 20 a27%a28% — 19% Feb ... 255 220 >844 >' a44 —- —.—* 150 a72% a.74%*,. a41 a41% . f." Blaw-Knox 29%' 10% >, 10% High 24% May ;.';i 85% Jan. 13 May 16% Jan 31%Mar.•• 36% May 275 ' Pittsburgh Stock Exchange Range Since January 1 ; Co Motor ' — • Shares High a25% a25%> . .. ;—10 4• ,-.V!■ >. Ohio low , RR Aviation Inc„ North of Prices 107 . Jun 99% July >> 27% July 27% Feb Jan 60 Jun Apr 110 May -Monday, July 8,1946 FINANCIAL CHRONICLE & THE COMMERCIAL CANADIAN LISTED MARKETS WEEK ENDING JULY 5 RANGE FOR Friday Week's ; ■ for Week Shares - Sale Price ■ : Canadian Car & V; P** Celaneao^pnMnon^^.^w--*, —:•-> - Rights 580 16% M&f .21 ¥a 550 21 / / 41% 233/4 295 59% Jan 69 405 40% Jan 233/4 31 ' 233/4 jr ■ ' Cockshutt Plow v-y:''* A ' —5i Consolidated Mining & Smelting. my* Crown Cork & Seal Co—, Feb Distillers Seagrams 17 ',}* 15% 2,165 130 16 !« 51 ¥2 52 33 X 27 24% Feb. 19 15 ¥2 Mar 41 ¥2 21 ' 10% 10% • Preferred 446 "»■* r-. Weston (Geo) v Zellerj Ltd Mmman 34 ; 100% 1QQ y, '■ * ", , 15 July -52 Jan 29% Jan 33% Jun •;24% Jun 27 •- v common—,— *" 43 f 20 Donahue Brothers ; Donnacona Famous 35 105 31 ¥2 Jan 325 47 Apr 51 1,746 12 ¥2 Mar 23 25 —. 28 ¥4 Feb 23 ¥4 Jun 24% Jun 26 90 Jan 120 May May 165 Jan 184 Jun 24 Jun 22% Jun 13 Honlr^al 0urfi Market Canadian Fnnds STOCKS 19 ¥2 Week's Friday Sale Price Apr 455 Jun 13 ¥» Mar 9 1,115 32 15 J Mar, 20 Low 28% Jan 34 Feb Brand ram : 5 ¥4 5 5 May Feb Feb July 18 106 20¥a Jan 109 56 ¥2 & Distil of Vancouver Ltd • 52 ¥2 1,693 52 ¥2 July 12 ¥2 12% 165 87/e Mar B ,C 17 ¥e 816 10 ¥2 765 9 ¥4 Mar 36 38 740 30 ¥2 Mar 523/4 53 220 52% Jun 53 ¥4 May 42 43 400 37 ¥4 Jan 50 17" 14 Mar 13 • 100 preferred Hudson Bay Mining i: v- ' • *'*" o • 18 ¥4 Jun 12% Mar Feb Tmpwlitl nil / *, -; -1 15 ¥4 15 ¥4 19¥4 19¥4 19¥4 & 8 ¥2 International Bronze 'Preferred 130 130 * —23 International Nickel of Canada torn—* 50% 68 68 68 v- 5% 6 87 87 87 ¥4 16 16 9¥2 97/a common^..,——* Corp———15. International Utilities 24 62 111 111 111 20 ¥2 20 ¥2 107.60 107.80 16¥2 241 .... • — Canada Wire & Cable 6 ¥2% Jan 38 ¥4 Feb 7¥2 6 130 _ Packers Ltd class B 100 pfd Industries Ltd Jan 28% 33 Jan 40 39% Mar 47 43 595 52 1,371 43 % Mar 59 120¥2 Mar 140 47 Feb 60 15 ¥2 Jun 56 100 7 16 15 10 36 37 Silk Vickera' Ltd 18¥e May ¥2 Lake of the Woods Milling common.—* /■Lang 08 Sons Ltd John- 36 % 24 v A.———* —3 Laura Secord Candy 4 Jan 28¥a preferred 7% . 29 Jan 37 ¥4 Apr Jan A 24 ¥2 18% 21 85 24 19 % Jan 85 Molsop's Breweries-—-—.—..—.—-—..* common ——100 , — — t • . , v k Locomotive Montreal ,4; Montreal Tramways , ''' r \c ' 37% ' July Apr' 26 ¥2 Jun 14 ¥2 40 Preferred 22 18% Jun : Preferred National Breweries Jun Crain Jun Ltd Cub Aircraft Corp July 25% Feb 22 20 May 22 Ltd—r Ltd L) (R David Preferred 25 — 30 Jan 56 & Frere, Jun 52 44 ¥2 Jan 52 ¥2 July Dominion 30¥4 Donnacona Paper 44 52 ¥2 27% 21% 28 24 Jan 31 30 ¥2 31 24 ¥a Mar 31 Wire Weaving. Noranda Mines Ltd———. 63 % 63 64 63 Jun 72 Dominion Jan Square 35 35 35 180 — 180 Car Aircraft—.—.—.——.* Ottawa I 180 63/4 — 30 ¥2 Apr 35% Jan 175 5 Jun 63/4 81 ¥2 * Ottawa Electric Ottawa Light, Heat & Power com—100 Rwys 8 ¥2 Jan 50 Page-Hersey /• Placer May 20 17 18 16 Mar 103 103 ' 103 102 Feb 33 33 33 30 Jan 19% 193/4 19 Apr 23 Powell 6t 7 " Quebec Power ....... Jan ; ' 1 . •* •' ' y' ' Canada Standard Chemicals common— 5% preferred - footnotes see page 184. 13 ¥2 4 6 July 2% Jan 7 ¥4 Apr 30 447/a 6% — 100 * Realty Corp—.———* preferred 36 63 ¥2 36 63 ¥2 cum red preferred Companies Fraser Lakes Great Jan 27 Jun Jan 19 ¥2 Jun 15 Mar 20% Apr 11 ¥4 Mar 14% 54% Mar 73% Apr Int Metal Industries Ltd Inv Foundation Ltd 17 15% Jan Halifax 8 ; 83/4 37 v . 35% 36 36 10J • 109 Jun 5 ¥4 Jan SVa Apr 8 Feb 25¥2 Jun 60c Apr Jun 17 ¥2 Feb 75 May 36 July 65 May Apr 12 53 • 3 2 ¥2 1.25 5 • 90 Insurance. 2% Mat *7%Mar, 30 .3.4 Feb Apr 39 iJun 4A 118 Lowney .- 36 14 . 106 Jan 13% Jun 102 Jan 16 J'7, common——_'—* .80 11 ¥2 , 106 19y4 — 18% Jan /po: Ltd^H,^.,/13J 14% Jan 12 10 ¥4 Mar 16 ■/ 16 103 7/ 103 100 ¥2 Jan i; ; ;172 . ■ 106 ■ Jun 79 Jan 92 ¥2 Jun 94 84 Jan 9 4 ¥4 May pfd—£400 .104.90 Distilleries. Ltd preferjredsrslO/16%: Minnesota & Ontario Paper Co—.A&.3 .21 %" ' J Moore f , 15 Mount ,"V:v ' ITova ' Scotia Light Js Fower Nuclear Enterprises 17% ' ' eom^gy* _. *' ~, 109- 1,000 78% 78%,/•' »; 13¥2 "13% ' / 10% 11, . 1 'A - 106% Jun 18 ¥4 45 • ,wi • Feb ,39% Jill? , ^216- 104.90 J04.9a 16¥2 ' 17^ •. 21 22% ? Corporation Lt'd—————-' Ltd-^———«&-*•• " •*— * Royal Rice Mills— —, 10% A' 47%*tay ■ ^150 15 A15* Jan " * 12.y; V> {' Mount Royal. Hotel Co ,Jan 92% ■ May 12% 25 L,59y«;; 39% -39%u McCollrFrontenac. Oil £.% Apr Jan 94 • July ,. 198 Ufa 11% 15 - Melchers May 92% • commopja&f |dasfle/-Hawto July 25 15% 11% .. — 19% 15 ,80 Jun May 14 80 J5 14 f® 14 ———* —rl c 19 ¥4 15 r 11% 35 J4 t >;•/'•' yj-/';'• t•./:•.•.'•"• ••"—*:i~ '> MacLaren Power & Paper Co,—. .44; <44 ; 44 - ^ .^ -400 38% May t Feb 35 .•.•.•1.13. • . class A„...* MapleLeaf MUUng: Co Ltd 326% July 21% Jan ,29 Ltd—.——100* i'-:,V Jun 26% Baking Co Lake St John F & P~J— Lambert (Alfred) Inc Mar Feb Jan 85 Mar $3 14 f 36 65 Jan 90 20% Apr ' 36 106 22 19 v- 24% 7 > 19 Va Apr 17% Jan 1 Feb 3 ¥2 Co—21„ 67 17 Jun 19 Va 200 25 1.385 65 16 3/4 163/4 20% ' *20%'» May 13 ¥4 Jan " Jun 64 ¥2 May Apr' 103¥2 Feb 38% Jan 145 205 815 26 Apr 8 22 ¥2 Mar 365 Apr 36 • > 25 •/ Preferred 13 3% 57/a — 3% 26 ¥4 17 ¥2 26% • • 109 — Steel Co of Canada common For ' * 5 * 23 Apr 44% Mar 1.425 65c 65c 13% 13% 65 66¥2 36 10? • Power 17 Feb Feb. 4 10 « Jan 1.50 20 1.60 Jun 835 167/a 8 ¥2 Feb 7% May 50 26 - Southern — Jkn Jan 6% May 15% 525 427/8 27 27 19 19 ¥2 427/a 65c 13% 66 13 ¥4 Mar 36 preferredH,lty.^..l00 Southam Press Co — 427/8 * 30 35% ; fihawlnlgan Water it Power———.* Sherwin Williams of Can common • Sicks' Breweries pew common., • Simon H & Sons pfd-. -100 '•*. 7 15 18 6 54 30 • 34% 8 - 50 A preferred __ Jan Jan 15 ¥2 May 125 class A .14% ^0% St Lawrence Flour Mills com———* fit Lawrence Paper 6 50 30 — 16 ¥4 75 Feb 75c Feb May 90c Jan 4% Mar 375 8 2,00 Corp Ltd com 34 — * • common 16 7.823 7¥4 1.90 — 17 Ltd ,14% ,—w Lawrence Corporation 19 20 20 Mar 60 1.600 25 50 19 19 — 19 19 Ltd %\% Transport Provincial 5 7¥a 80 40c 52 4¥n 7¥s 80 5 7¥a —* Co Ltd 34 of Canada. Roiland paper common 68 Jun 3.80 Apr July 7 135 500 68 -* Power Sec Inter-City , 10 55c, 10 50c . Jun Jun 174 Feb Tubes.—. Pricf Bros & Co Ltd common————*.63 v 31 Jan 14 ¥2 Apr 43% Jun 2.40 Jan 4 ¥4 21 :*S 34% Feb —• Development 1 River Co—c Power Corp 5¥a Feb 147 *" Motor Co of Canada Ford Godfrey £ 141/2 141/2 „ — • Corp Aircraft Aircraft Fleet Feb 83 17 100 Preferred 81 ¥2 Jan 98 Feb 9 Jan Jun Jun Foreign % Co. Ltd Steel Products Ltd Eastern Jun 182 Jan Apr, 12 ¥2 140 * ' *— 2(T" Woollens Fairchild OgUvie Flour .Mills coimmon.——..* Preferred ,.—.—100 May 70 31 245 , May • Niagara Feb 253 4% 6,700 — Lfinitefe" B—— Feb 52 18 Jan 3¥a Feb * National Steel Car Corp, Mar Mar 1.75 100 1.750 705 172 * Engineering Works Ltd Dominion Malting Co Ltd ... May 35 51% 52 Feb III May 62 40 203/4 52 ¥2 common—^.—* Jan 22 15% Jan 3% 2.5®** * u, Consolidated Paper Corp Dom Oilcloth & Linoleum : Feb 62 ¥2 113% May 163 172 — 15 July July 35 .. 29% Apr Jan 20 ¥2 Mar 107 Apr II ¥2 May May 56 ¥2 3 ¥4 * * 100* —'.J ... 37% 29% Feb 14% 40 20% 22 July 23 172 *^T4'-rr Dominion — Apr 16 109 3 ¥4 Consolidated Div Sec class A—.——3*® 85 21 Jan 41 Commercial Alcohols Ltd common—* v 100 ——— .... 16 ¥4 14% 21 Light Heat & Power Cons—* Montreal 18 40 — .100 — 104 Jun 8% May ¥2 May 23% Feb 80 Jan 14% Jan 24 ¥4 37 37 Montreal. Cotton new .Preferred 17,/ 23% 17 23% — Jan 14% 43 31 41 ¥2 31 41 ¥2 Apr 8 86 2 Ltd Wines Preferred ■ McColl-Frontenac Oil ————.* 77% 5 ¥2 Mar 100 -—: Claude Neon General Advert com " Massey-Harris 31 Canadian Western Lumber Co! 1 Catelli Food Products Ltd common Apr 24 " — ( Mar 10 68 5% 3 ¥4 3 ¥2 2¥4 .3, 3 ¥4 2¥4 • common 16% May Jan 12 ¥4 21 ^ MacKinnon Struct Steel preferred—100 Jun 55 May .25 15 July 11 ¥2 25 5¥a Products Canadian 27% Jan 18 . 68 — Canadian Marconi Company 1 Canadaian Power & Paper Inv com—* Apr Jun 895 241 — * Canadian Ingersol Rand Co Ltd^ 16¥2 __ * class B Canadian Internatl Inv Tr Ltd com—* /Feb Apr 13 273/4 Jun 10 Apr 16 ¥a May Jun May 129 183/4 — General Investments Ltd—• Canadian Mar 140 May 17% 525 14 Jun 17 ¥2 Oun 16¥a May 32% Jan 145 273/4 .... 5¥a Jun 42 20 Canada Chateau-Gal (John) Jan July 4 16% 267 Ltd Canada Malting Co Feb 16 14' Jamaica Public Serv Ltd common——* Labatt : July 280 45 30 8 ¥4 55 . 19 ¥4 28% 275 23 ¥2 fr>2 17% Jan 18% 18% 55% Jan 25 ¥2 Mar 35 25 97/a 15% 40 507/e Jan 3.935 23 ¥2 Jan 27 ¥2 129 ——100 13 110 6 1 Dominion Sugar & Canadian International Power 11 10 10 • • Canada Jun 270 130 42 ¥4 42% International Paper common Preferred International PetroleumCoLtd—* 16¥4 16 13% 2,450 35 165 July , 100 13% 39 • 15 4 * Hosiery Butterfly Apr May 27 ¥2 27% • common... — 33% 33% • 100 Jan 14 376 2,450 10 410 28 ¥4 4 4 Canadian Industrial Acceptance Corp com Intercolonial Coal preferred- 28 — class B Co Apr 140 25 16¥4 Preferred Jun 8 5 1 1 759 15 ¥2 8 ¥2 ; ■ — >16 * Company common 1,731 14%' /;14 14 * Imperial Tobacco of Canada common_5 Preferred £1: 16 .Canada North Power Corp 7% pfd—100 38 /rifi ' ' 1 93/4 93/4 36 53 42 16 • T G— Pulp & Paper Co Ltd common Brown Burns tHamilton Bridge 14 ¥2 5 British Columbia Packers A pfd Class B Apr 52 ¥2 14 „ British Columbia Forest Products Ltd— May 12¥2 17 160 12 12 ¥2 165 130 52 7 Mar 50 6 ¥2 165 — British American Oil Co Ltd— Feb 52% Henderson Bright & Co Ltd, 7 ¥4 May Mar 20 107 ¥2 107 ¥2 20 111 Jan Jan ■/••" 15 410 18 ¥2 18% 18% 107% 110 200 111 111 14% Jan 105 ¥2 10 ill ■•- A i. 275 r, 111 50 * Gypsum, Lime <Sz Alabastine. 19 - 109 ¥a 109 ¥a • Goodyear Tire pfd inc 1927 (Charles) common 19 19 109% 9 ¥4 July 9¥2 6 ¥4 100 Belding-Corticelli Ltd common High Low 9 ¥4 __ 1 Bange Slnee January High 6 ¥4 ♦ Bathurst Power & Paper class B Jun 110 18%/19% 31 for Week Sharea • Works Glove Acme Jan " ■ — 22% 16 ¥2 Mar 100 « Sale# . Range of Prices Last 103 ¥4 July Jun Feb 380 390 Jan 32% Feb Feb 23 ¥4 102 t. 100 Jun May 395 16 ¥2 Power common———.* preferred 100 K5Va% preferred ———100 General Bakeries — ———• Apr 25 ¥2 July 21 39 ¥4 20 35% May 51 19% New 33% Jan 19 y2 103 % 5% v: Apr 50 ¥2 4 * //Howard Smith Paper common 27% 35 - / Gurd 21% Jan 155 50 Preferred 880 1,170 Gatineau ? Jun 26 ¥2 25% 10 General Steel Wares common 23¥4 39 ¥4 45 y$ Feh' Brewers ft 22 ¥2 Jan 25 Canada———.* of Jan •19 ¥4 38 ¥2 Players Canad Gpvp Foundation Co 16% 760 Nova Scotia 184 > Feb 225 - Royal -100 '.V-A ; Jan- 20% Jun _• J,;; Feb 30 23% Jan Electrolux Corporation ——1 V';. 29 Mar 26 Per .. May! May 320 English Electric class B /APb - .46"' 20% 23 625 — ¥2 May' 23 ¥2 . 14 ; Paper 21 104 Banks Canadienne Commerce July Jun 108 Dryden Paper 28 ¥a Jan 230 * —-w Jan July J '-! '20 13 .. . 34 40 .... 10 trust certificates—.— Preferred 28¥a 12 — 36 ¥2 May y Jan a -■••: 200 '28 Preferred -Mar-' 20 : 20 . 28 % ; 20 . 560 Dominion Tar &,Chemical common—• Voting *44' ■ 12% 20 • • '95 41 ¥2 25 Dominion Textile common May 23¥4 May* Jan 13 •• - 40 193/4 preferred'^^i^—/V «ymmnn'.r,T,-_r.-.-,.* ; Coal class B July 21 *>i..548 12 Dominion Glass new Dominion Steel & 99 154% May; , 100% 101 41 ¥2 Coal 25 —• 'M'"y , Feb * - Feb - ' 20 '•*• 25 34 14% 14% _■ i 5% .preferred;: —w—j.ru..—.25 ^ 6% preferred 25 ; ' 19 ¥2 Bridge41%. preferred Apr . * common Winnipeg Electric common v.Preferred ,• • .j, Ll ...u, 109 • 1,458 J — 74¥i Apr 35 — 19% Dominion Dominion Dominion- Dairies ^ ' 13 % 8V« Jan 1;725 11 Apr . 24 ¥4 •" Montreal • 182 Jan „ 17% Jan 23 - Apr 44 Jan 165.. 21 ' 21 - High Low 31 May 50 Jan 5,790 ^ 5i-v Walker Oooderham & Worts com Apr 48 45 \ ' United 'Steel Corp—.— •1-02% Jun Jan - Jan 160 J 33 ¥4 26 ^ 27 145 17% Jan '19% Mat 4?8 1,623 49 15% May 46 Mar 33 35 . 21% 33 common new : '*« 1 Range Slnee January , 2 , 182 180 180 10 pfd. 36 . 25 ¥2 May 815 Tobacco City Rapid Transit ' Wabasso Cotton i: 153•/Jan' \Jun - Feb 47 — 33 13 ¥a 52 ... Co Ltd .class A.. Tuckett Twin 36 - Jun 31 •28 ¥2 Jan' 16% 35 Shares Hijgh " 675 49 Consumers Glass July 243/4 97% 100 * 23 ¥4 Jan 23 Jun 23 21% Canadian Pacific Railway—— ■ 22% May 26 ¥2 May 17 Canadian Oils 55 ... ►; Jutt 405 34 . y 82 165 ii " 37 22 ¥a Canadian Locomotive ' 233/4 37 ———- Davis Leather , 23% Investment. Canadian Ind Alcohol common B 413/4 31 Canadian Foreign Class 66 37 Cottons arid-- Canadian >, 36 Tooke Brothers 44 ¥2 May 413/4 .-* 25 ——. Jan .*6% 21 r—-——,-100 .. 20 ¥4 16¥* •66 for Week Lom High Low 21 16% Rang* of Prices Sale Price /Range Since January 1 •66 Foundry common——' ' Preferred ' ma* Urn Cl&SS A Canadian .. WeekV- Kales Friday I .-' Last STOOKfi '-••v.fialea-r-. •••• ' of Frlpea Range , May ,3.7% May , 80% Jun • ■ 16% . -95 280 ■ 109- 109 ; 5 - 155 ' 13% ,13%; --/LIS " / U . Jan July 119 May 15 May Number 4505 JHE COMMERCIAL & FINANCIAL CHRONICLE CANADIAN LISTED MARKETS RANGE FOR WEEK ENDING JULY 5 Friday Last Week's j-Par Orange Crush 5v;A preferred—— Sales for Week of Prices Low Friday Shares ■:{<:iLowi:j 20 20 134 20 23 " 23 24'/a 55 20 ■" 20 % May 25% Anglo-Rouyn Mines Jun Power Corp of Can 0% 6 Vo partic 2nd pfdi 1st pfd_^—100 109% ——50 Quebec Pulp & Paper 1% Jun 46 112% May Jan 60 May Area red pfd—100 33 Mar ^Quebec Tel & Power Cbrp class A—* 43 May 8 Jan 8 Jan Sarnia Bridge Co, Ltd, —— Southern Canada Power 6 % Arntfleld Fuel Canada Ltd United Securities, Inv B 24c 10. ———— 16 -1 Astoria Quebec Mines Mines Atlas 9c 9c 41c -1 28c 28c 69 69 Yellowknife Gold Alta Mines —' Mines-. 1.00 __1 : Ltd— Quebec Mines' (1937) Mines 5c Mines Goldora - July 50c 17c 3,000 17c Jun 10,700 58c 15c 2.000 12c 3,000 10c 7c 1,000 7c 14c • 36c 37c ' 40c July Jun 49c 1.02 Apr 67c July 1.55 Feb — Mines 28c 40c Jun 70c 41c 1.80 100 59c 1.300 25c 9.600 3,25 July 16c Apr 39,700 23c 80c 17c 5.000 16c Jun 1.50 25c 27c 8,625 15c 16%o 26,000 15c 26'A 10 10 __ ——10 — * 11c • „ 100 1.35 17c 17c 500 47c 15,000 14 — 14% '"V , ' . c Class B 305 32% Feb 7%C Jun • 620 6% 6% 25 86c 94c 1.15 1.15 1.26 23,910 19,600 47 47 50 57c 73c 257,200 65c 206 5 22 22 6 60c 60c 61c 5,600 1 24c 24c 26c 11,400 37c 500 37c 500 > 6 Ribbon preferred 50 — Bobjo Mines LtdBonetal Gold Mines July 44%c July • ,30c Jun *>>■ i f 51c \ —* 55% 19c 31c 34c .Apr ,if.> ■ 42c 36.500 35c July 1.15 15c 5c 2,356 4c Jun 9c 70c 80c 5.800 70c Jun 31c 30c 1,000 18 18 150 1.00 2.000 16c 16c 18 Jun 42c July 16c 3,000 12% Feb 1.41 Feb 43c Jan 16% 10% 16Vi 16% 10% 10% Canadian Mines Burlington 32 32 3.8j5 Jan Gold Mines Ltd. 46c Gold -Mines. Feb - Yellowknife Quemont Mining Corp 4'A 4% 23c 22c 23c 53c 5.50 5.70 24c 22c 26c 30c 30c 32c" 34% * 1 Soma-Duvernay Canada Jan 7%c 13% 16 15% 16% 1 — r 32%c Bread 3.05 common -♦ ->100 A 7% 107% 2.10 30c 33c 32%c 32%c 2.95 7 3.25 8 107% 108% Mines Canada Jun Canada Malting Villbona Gold •Wasa Lake Westvllle Mines Gold Canada North Canada Class Ltd B Canada Mines > '- 30o & class 6% Jan A. Canada Wire & Cable class B-. Canadian Gaspe — ; Bakeries common—„ Commerce Canadian Bank Canadian Breweries Canadian — Canners common— ........ i common. 1st preferred Conv preferred Canadian —,— & Car Fdry Class A Tofhnto Stock Exchange '■ ^ Canadian Fon'ds ' Friday •• 2' . Sale Price Canadian >• ' " - Abitibl i , Power Sc $1.50 $2.50 Paper preferred preferred Acadia-Atlantic Preferred com- -• commou of Prices Shares ; Aluminium 107 ~t 38 common new -* 22 Amalgamated Larder Mines Yellowknife Canadian pfd— 29 4 v38 21 25c... >; 22,, 100' 212 7." - : 216. 1.45- . X 26%. 26% ' —' - , .1^. see . J1 page "J. 1 .HI 184, 24c 255, 21 1.55 -I 19c. 19c. 25c-! ' 1.10 1.10 1.10 145 100 .129% 905 r — 2,600 7,100 6,700 ,,..,...9.5.5. -9.5J5__.;,..1.00, ■ 28 110 , • ; : Jun V Apr 40% Canadian Malartic Apr Jil07 X Jun Canadian Canadian Pacific July Canadian Jun Jan 1A5 July' 19e July 95c Mar 9^50 May, May Cariboo • Jan Castle 26 >; Feb Central 103 :230 Apr May 27 Jun . —* Tire * — 1 * > —— class Wirebound 25 B * Boxes * ':>■ !' (54c May 22% Jun , Xf42 f • — Ry— Canadian Wallpaper ll%c Feb Jan A—• ^,— .Canadian Oils,—,—; X 24 $ Jan - com — V 70 .3,000 .... 100 .26%: * common — Canadian Locomotive High 21 SVicMay 395, ; 22% 38 60 .... 9c 38 Mar 18% Mar 3,500 \ •* — on...-., Anglo-Huronian For footnotes 100 >3,212 — 4% ■ 14 » „ July ^20% Jan -103% Jan 107 ^ 24c — 35 22% 9c . 38 , 1047/a 9c Canada American "38: -• 00' Ltd 360 -• Mines-—-—-— Steel common-*— Aluminum ,3,420 22% Gold Aigoma 20 18% 22% , Range Since January 1. Low >19 >—^ t-preferred' Ansrio ' * Products —— Class B :;".' High 18% . 18% ? —« Agnew Surpass common Alger 19 20 20; Sugar — Acme Gas A Oil new — A Canadian Industrial Alcohol - for Week Low • * Sales > Range . ar Food * common Dredge Canadian Class Week's Last • common ; Canadian Celanese Gold ■>. Quartz 1 Trethewey 1 Canada Loan .4.V"P;.;: Central Patricia 100 — i"• Gold • 'x'- Mines - - i':" 1 2.25 Central Porcupine Mines—i———1 Centremaque Gold Mines— 20c 20c 2.40 Apr 38%c Apr 1.38 Jan -Feb .Chateau-Gal Chemical Wines - —i-w———J* Research 1 Chesterville Larder Lake Gold Mines—1 10 65c 2.35 10 10 65c 70%c 2.25 2.50 7% 43c Jun July July Jan Jan 1.41 Mar Jan Feb ;; Jun 9%cMay # 15 c;>Apr 26% Apr '-"17 44c Apr Feb 2.95 Jan 44c Mar 56c ^ Jan. 3.60 - Jun :>;r-9% Jun 102% OU Stocks Home Oil Co Ltd Homestead Oil 4c Gas Ltd Royalite Oil' Co Limited r:'; 35 i, Jan Mortgage- Cable . May 2.40 Steamship preferred Wire Feb 97c Jun — Canada Ltd Jan 72c 11 Jan v~12% May 22%; Jan 12% Mar —24c - 55c ? Jan 1.64 Apr 23% Mar class A Canada Mines Wright Hargreaves Mines >■ d 4%c — May 5% May ^ Jun Power Permanent J?":' 35 July *' 45c 1 ' 15c . Packers n% jun May Cycle & Motor pfd Standard Gold Mines Sullivan Cons Mines Ltd Jan 17% Jun Jun 22c - 2,600 3,725 > 80 Jun 18 28% >> 1,830 1.87 July 20,300 »v20c Jun 1,120 ' •' iU >30% Jan Jun Canadian Car & Motor preferred. Canada Cement common Statiacona Mines 1944 Ltd ^ 18% Feb Jun Mar v 1.08 July 5.50 July 34,900 1.87 ^ \ 50c -289 26c30%c 31c / 25% Mar , Apr Feb Jun 'f30c Jan Jun v,*,. 39%c Jan 22c S Jun 76 1 > May - f. 270 26% 27c >' , 10, 2,000 13% 26% * Flon— 6c j .16 167 13% Ltd Ltd Gold 6c 34% 26% __ Oils . 21,100 • — Flin —. Mines Mines Jun 15 5,100 5.55 Campbell Red Lake Gold 45c 20% 4,000 1.25 • Calgary & Edmonton Class Feb ■; Jun. 8 318 '^>282*- Jan ;■ 175 3% Mar 50c • Callinan Mines 92C 12 100 1.08 Steel Calmont Quebec 'V: ^ 13c ^ 15c t- 50c Calder Bousquet Gold 7.80 May 37c Jan 32% 4% t., • Class B w * Gold Mines Red Burns class A Dredging Ltd - 1,110 ~v 5,600 1,225 21,100 Bunker Hill 1,76 May Jan 55% July':^> 60 17c July ' 30c 30c Apr " ' 50c - 725 1 Buffalo 2.22 May . 1.15 • Buffalo O'Brien Gold Mines Ltd 23% May 24c 3,210 1 Buffalo Ankerite Gold Mines Lake 28 Jun V; 6 15 „ 1 Mines- — 27y2 ' • Oil Gold 23 218 " July July 60c J 2,440 18 22% 27% • • Buffadison '18 .r "Broulan Porcupine Mines, Ltd Jun 2,000 -4,000 123A 18 ■'--■■■ Dominion 12% 15c 22y2 " — •-v British 26% July * Mines, Ltd British Columbia Power class A Class B 2.24 Feb 1.00 July 14c 16c 16%c Brit Columbia Packers class A-—.* Feb 31c 14c 16c ;V'\2.65 May -Vy 22 - \ 1 — Jan '1.76 Feb 51% May Janv 181 ' • *. Class B— -r-4fy reft ■ Feb 23 7% May - 10,000 > - Apr %■?<1.64 Jan 45o . 8,900 • Brantford Roofing * Brazilian Traction Light & Pwr com—• British American OU • Jan 65c r . 70 17c Dredging Sherritt-Gordon 22 Bralorne Feb . 55% Jan 19% • 31c l — Bonville Jan .. 232 17% c — i 1.15 Apr 35c 1.00 . Jan >' Jan 39 28c 24:^Apr«v July 1,15 July _ Blue 2.05 5% 37% May Feb 86c 30 1 " 205 207% > Jan ; Apr. 40 \ 6,400 1 Jan 35c Normetal Mining Corp Ltd ' 37 100 — 24c ,;4 23 19 Feb Feb :,i 27%. Apr Jan Mar 12c ' Bldgood Kirkland Gold— 58c 37 88c __ Gold 30 ~ Jan 1.45 Apr 53c Mar Apr 14 490 44%c 44%c Ltd Ltd Pandora Cadalllc 21% 1 Bell Telephone of Canada Bertram & Sons class A 49c 17c July 42y4c July < 215 140 6% __ 7.25 May 15c-" Mar 11c 22% • Jan 25c 39 Boycon Pershing Gold Mines— 42 %c 4.50 26% 38 % 1 Building Products Blscoe 26% 22% • Feb 5 ,36c Jan 16c 2,250 — 3.60 Mar July 1.400 1.50 — 27c 1.12 5.10 Nova Scotia- Beatty Bros class A Beaulleu Yellowknife Jun 60%cMar 1.80 July 3.25 75c 4.70 Montreal Bear Exploration & Radium Beattie Gold Mines Ltd Feb 25,500 2,900 57c 4.75 1 Class B Apr 30c 82c 1 1 Mines Bank of Toronto— Base Metals Feb 22c 17.000 1.10 — — Mines Geld of Jan 43c 14c July Apr May 2,500 38c 22c 23c — Lingman Lake Gold Mines Ltd Lingside Gold Mines— Rochette .Jan Jun July Bathurst Power class A Mar Jan 20c —.— 'Lake Rowan Mines—> Pitt 55c 27c Mar 15c ■ May r' 46c Bevcourt Gold Consolidated Gold Mines Ltd. Joliet-Quebec Mines Ltd Mines 20c 35c 1.80 —— Pato Cons Gold -.V. Apr 78 9,100 89,600 88,500 Apr 33c 3.25 J-M Cons ' 58c ( July July '■ Nechi 50c •. 35c Bank May 2.60 May 30c Jan 1,500 24c 40c Mines Ltd.—- Macdonald Mar ' 30c Bank of Feb 33.900 36c Mines.— Shore 87c Jun 186 Lake Mines Lake 55 ' Feb ?'•- ; 46c Bankfiqld Consolidated Mines 34c 70e 22c 20 %C —— Hollinger Consolidated Gold Howey Gold Mines Ltd * Hudson-Rand Gold Mines—— Jack 25 ; 87c 31c ,,, „ 5 Fontana Mines (1945) Ltd Formaque Gold Mines Ltd Found Lake Gold Goldvue Mines July 29c 35c t Mines- Jun 34c 35c , — East Malartic Mines Limited East Sullivan Mines— 5c 500 1,000 10c — Mining——> Goldbeam ll%c Jan 600 34c 29c 15c ' ——— Gold 5c 15c 7c I—— Century Mining Corp Ltd Cheskirk Mines Elderidge July 22C : SOo Bagamac 1.80 July 30c May 17c & Diamond Minings Development • & Mining Central Cadillac Gold Mines? Centremaque Gold Mines Ltd—- Cournor 1,000 May Apr 58c •Celta • 20c 80c 29c —. — Mines 11,800 24c Ltd Ltd— Beatrice Red Lake Gold Mines Ltd. Beaulieu Yellowknife Mines. BonviUe Gold Mines Ltd Gold 1.80 15c — Astoria Athona Bouzan 28c Jan Apr Jan -1 Aunor Yellowknife Brazil Gold July July 23,300 Apr 18 ....... . 69 * Mining Stocks Mines 9c Jan 1.70 62c 12% Mar 30c V.. 55c " July V 1,500 33c -* Mar 87,550 ■ Jan Apr 3% Feb Mar 68c 22 %C 345':; 9c 30c 25c 6,600 > 16% —, — Arno 22%c26%c Feb 12 102 Aubelle Mines Ltd Aumaque Gold Mlnesw^.»,MJ| Windsor Hotel Ltd Akaitcho 3,500 Mar Jan 24%C JUn 8% Mar 14,100 v Jan 23c 85o ;. 99' Jan*' .1.40 Jun 313 1.25 —>——— Atlas, Steels 100 30c July Mar 13%c 10 - 30c 1.10 .16 1.95 Jan May 9c 61o 2,000 1,445 - 2% 29c V 10c v 2,800 ~Ay* Athona — 9% 99Mi 'Hy*': 33b — • preferred Ltd 1.12 4,000 • 26,300 f 15c 9 — -1 Ashdown Hardware Asnley Gold 1 Corporations class B———* of -1 High 1.30 Mat LJY-j'jV'**; 14c - 99% 2% -1 m ' United 15c i: —— Mining ; v.. 9 00 Bangs.Since January 1,. low 100 9c 10Vic 70c 72'/2c — 1! -* r, Gold Mines Armistice Gold .Thrift Stores Ltd common— United Distillers common 10c 9%c *rit;; Arjon .pfd^-lOO Southmount Invest. Co. Ltd, Stowell" Screw Co' Ltd class A— United -• preference——, 10c 10c JLx cony Warrants * 1.41 .. High 1.41 — -1 Mines Argus Corp Ltd 4%% I -1; ■■■?$$*vj;: r low 4 Ansley Gold Mines Apex Consolidated Resources. Aquarius Porcupine Gold Sales ;for Week Shares of Frlees 'at Jun ' ' Sale Fries High Jun Week's Range Las* Range Since January 1 High 20 Common . ; Range x „ Sale Price ' ■ JVolume 164 Jan 108% Mar THE ' RANGE FOR WEEK ENDING JULY 5 Last ar 1.25 _1 Cltralam Malartic Mines Gold Willans Cochenour ' • Cockshutt Plow Co——. A *1 Lake Coin Yellowknife Colomac Mines. .* Gommoil Ltd Commonwealth Petroleum .* Coniagas Mines .5 .• Mines. Coniaurum ..; : — 85b 80 3.10 2.90 %.■ 2,242 '.* M 16% 52c 80 > , 35% Mar 52c July / 67%c Mar 45 11,300 - 8,000 95 19 Apr 1.05 Jan 1.38 Apr 32c 500 30c 40c 48c 2,000 40c 2.30 2.40 500 2.15 Apr 36c Apr 51c May 2.85 Feb 1.70 1.70 1.87 2,400 1.70 July . 4 . 16% Jan 22 Apr 101% May 20 20% 180 99% 886 10 175 98 175 179 22 Conwest Exploration .• 1.11 1.10 1.20 3,460 20 20 15 Corrugated Paper Box common— Jan July — 78 173 Jan Jan 1.10 May 8 Jan Week'a Harrlcana Gold Mines Hasaga Mines 25%n 1.40 asn 1.60 19c 23c 33c 33c 1.52 1.52 ^206 Mar 45,058 10,056 6,700 gag 1.35 33C 1.65 41c 1.35 July 19c Mar Heath Gold -1' ——.—— ; 1.95 Feb Jiin 20 Hedley Mascot Heva Cadiiiftft ,„i-- ... Oli High wood Sarcee Hinde 33c 36c Ac 7c — Dauch- 7c 1 23 Va 13% Hpllinger Consolidated Gold Mines.—Jl Homer : • - Yellowknife Homestead Oil 70,600 7c "./'V " » 3.05 . 3.16 3.05 •< 17c 17c 6%c *'J y ^' 'x 46c 1 Gold Mines • •- • • v-<'/ 46c 53c 52% 14%c Jan . 27 Apr 19%b Feb : 200 42c 45c 7,750 42% 43c 1 ••t4 42% 325 1,000 36,350 • 1 — 11c 11c • 12 12 13% 325 ——r„,16 30 30 30% Imperial Oil _• Imperial Tobacco of Canada ordinary-5 14% 14 14% 15% 15% 15% 505 3,870 860 Imperial • 16% 16% 16% 40 Indian Red Lake Aircraft 1 42c 42c 52c Inglis — ———— •?■&;*»,.# ^ Davis Leather class A—— 6 — 12% 12% 8,700 200 — V" V Delnite Mines h - ■ a- . /' ' - . : Varnish J :; ' • " • j Tva *• / •Distillers Seagrams Diversified Mining preferred Dominion Dairies Dominion Electrohome class A Gold Waite Jack Jacola Mines Jfasnn ♦ B Joliet ' '.—--1-1-. Quebec ; —- 19 20 75c — 90c 1.05 1.20 13,400 9,400 25c 38c East Amphi Gold Mines East 3.25 July Sullivan Mines Easy Washing Machine 43 Lake — ' ' , common Preferred Federal \*\ ; ./, ?• .. Jan Y-'> Gold 80c "14,700 12c 15c 27% 1.49 1.5$ 2,500 10 ."7,500 —• 1.50 - . 28 * ' 14% 14% 1.30 1.60 1.30 1.60 V, ' 14 2,975 100 1.30 May 8,250 5,500 1.60 July 19c 27% 7.60 28 8.00 37c 35c 37c ■ 19c 7.00 Mar 35c July 10,900 Mar 18 Jun 29Yt J&n 7.05 Jun 24% . 20% Jan 24% 24 12c 12 %c 12c July 35c 35c 35c Jun / 36c 19% Jan 4c Mar L35 Feb 20c ! — Ltd. clflflfl K J * Jan 1.00 May 2.25 Jun Vun n,».^' 34 .33% •• preferred——100 105% 1 —1 34 34% 32%33% 105% 105% 115 5 34^ Apr 27% Jan 245 , 26% Jan . ( 34 May "105% July L50 38c Lundward Gold ■—* 32c * 1 3.60 3.25 1 1.99 1 1 1 2.95 53c 2.20 2.95 3.70 19,400 Magnet Consolidated Gold Malartic Gold Fields— 53c 61c V 11,900 2.05 2.45 Manitoba & Eastern * 4c 4%c 18,000 Maple Leaf Milling common— * 15 14% 15 9c 9c 690 1,500 92c 92c 1.05 20,900 30c 27c 33c 19,700 17 %c 170 18C 3,600 Gold... Lynx Yellowknife Macassa A. May 11c Goldfields Mines Louvicourt — July 24% Mar "875 1,400 12c (Marcus) Loew's Apr 15 28 7.60 • Juiy! 1.30 1.8$ ; 20c 19c 1 12c. 23% May 1.49 July Mines MacDonald MacLeod-Cocxsnutt Gold Mines 5.00 Jan 7.50 Jan 3.75 Feb 19 MacMillan (H R) Export July —.— 75c Mines Ltd. 85c 22c 24%c - Goldcrest 37c Lake Gold Mines Red Madsen Gold— Gold' Goldale Mine 42c Maralgo Eagle Mines 25c Goldhawk Gate Marcus Gold Marlon Jan Rouyn 2.90 — Goldvue Mines Massey-Harrls Apr McCabe Tire Preferred & common. ;125r common. : ..May 10c' May 17% May 15 %c Jan 2.20 s Jan 51c Feb 45C Jan Apr Grain class A- 12 %c Mar Rubber Jan 3.75 Jan 35% Jan 12% May Preferred 1.15 Apr —. Goodflsh Mining Goodyear Gold— Martin-McNeely Mines- 40%c Jan Mining Golden Manltou Mines 21,900 21 Feb 79c . 5.45 Jan 95c - Jan 1.30 Golden Arrow Mines. Golden ' 66c 75c J, Giant Yellowknife Gold Mines. Gold Jun 5.20 Jun Gold ————— Gillies Lake-Porcupine God's Lake July Ltd—— LoblaW OrocctcHflO flnsfl 4<,P" General Steel Wares common. Glen or a Jau 10c — > ■ • 1 General Bakeries Preferred 40c 86c Mines Little Long Lac Gold Mines ; General Products Mfg class 8,150 7,810 Lingman Lake Gold Mines preferred. Gatineau 46c 10c 10 %c Mines Oro Lexindin ■ Mining-..— Exploration 45c Leitch Gold Mines. Ltd Ford Co of Canada class A—L Frobisher 4%c Jun Luz Mines Lebel Mar Fleet Aircraft————— Francoeur 1,000 " Laura Secord Candy — — Kirkland •. 6c 48% Jan Fanny Farmer Candy Shops— Federal. Grain May May 5c 70c 1 Lapaska Mines 4.75 July 12 common- new 17c 20c — Lapa Cadillac " •> Falconbridge Nickel >v,'V : Mar 8% — Gold Lang & Sons July 29 2,300 1,000 Lamaque Gold Mines July 50c 20c 23c , Lake of Woods Milling common. La Mar 71c —— Mines. English Electric class A —— Mines, July 1.60 July 18c 10c Mines——.———1 Fortune Lake Shore 10% May 13% Apr Economic Investment Eastern Steel new common—— Players 88c 30,850 1,500 Lake Dufault Mines Ltd. Jun v.; ;'• • ' i Townsite July Famous ■ 1 1 1 — Lake Laguerre Gold Jan 7c Class B i * 1 - Labatt (John) Labrador Mining & Exploration July 1.70 Oil — ——; —— Klrkland Jan 75c. July 1:10 Apr 29,000 25c29%c Co 13 782 y East Malartic Mines .i y,f * 23c 5c ,'..r • Klrkland Hudson u:—-—100 — Gold Mines.— Gold 18% Jun 2,145 1.12 — Kerr-Addison Gold .Mines—, -• —— Donalda Mines Gold 1.70 •——1 — Mining--—— V US'w. common—* Chemical Dominion Woollens common. Eldona 187/a 88c 1.60 1 Kirkland Eider 18% 90c 1 —- Kenville Gold Mines * — & ;V T C ——L Crest 35 2,390 18c . Kelvinator Co East 495 43 % 1.62 ——1 -i—. — Mines Kayrand 25 Stores Duvay 5 10,100 35 42% 18% • Mines Mining-. Preferred-. ————————50 Duquesne Mining 34 40,500 ~~ 104% 104 % 43 —1 — Mining-. Mines -• common preferred 34% 50c Petroleum Uranium Mountain Jacknife * * .Dominion Scottish Investors com—1 New 42 * Jellicoe Mines & 39 1.00 • Dominion Foundries & Steel com Tar 40 - 100 International Island ' Dominion 40 * . preferred International —35 2nd preferred ——4— class 40 1 International Nickel Co common -25 preferred- .Dominion Fabrics common—--— Dominion w'— . 95c 40 25 Coke— & International Metals 1 — Pome Mines Ltd——* Dominion Bank i 10 . < 97c preferred 2 common new Malting Bronze International Coal % 4 % °!o Dominion Steel ' , —„1- Inspiration Mln & Devel Discovery Yellowknife Dominion — (John).—_ International Dickenson Red Lake Dominion Coal common • ■ Mines! Nickel Denison . May 10,000 52% __ Imperial Bank—j Crowshore Patricia Gold ,r 69c Jan 3.60 Jan 83c Jan . 22,000 :■&\ Hunt's class A new..,— ——... Crow's Nest Coal > . 3,730 . 7%c "*• h* - Hugh Malartic Mines Croinor Pershing Mines > 7c 20% Mar 13% July 475 1,510 19c 6%c preferred Hudson Bay Mining & Smelting Crestaurum Mines v. 1.52 July. 33c July"/ H 500 23% ; 14% 1 ' Smith 23% 13% 1 Gas & Hosco Gold Mines Howard Howey Mining Cournor Cub ... . Jun-: 32c 1,000 3,900 Imperial Mills- Cosmos Vv ' 1 High 35c Jan 2.70 Jan 30c Jan Low High 19b* —il * " ' 'V-"* ' Bange Since January Shares of Prices Low r— \ ;.J————.1 — Headway Red Lake Gold-— Sales Eanfa'-"'?forW«ei",k" Last . Par 188% Apr *7-0iV'^7'.' '''v- > , ... Sale Price Home Oil- 20% 98% —— Friday ... 2.75 Feb 32c .5 Mining % < --■' ,7,'r — — .• Consolidated 5.00 Feb — & Smelting. Consumers Gas (Toronto) Bakeries Consolidated Jan 85o '' «1 16% 55c 1.90 Jan 1.05 May Mar 2.90 Jun 11,050 • , 15o 11,200 19c 16c ' Low 1.30 1.25 16c 2.91 .» Mines. • 1 High Bange Since January High Low , .* Chromium Bange of Prices , STOCKS Sales for Week Shares Week's. Friday 8,1946 LISTED MARKETS CANADIAN Sale Price Monday, July COMMERCIAL & FINANCIAL CHRONICLE ■;McC,A[Tro!MbfUS Oil;common . ?|!4 ^ ^ 26% Jun 106 V2 Mar 58 -May 12 25 22 Jun Porcupine Mines Mclntyre Lake Mines Red McKenzie McMarmac Grandoro . West Saddlery common. • Gold Gunnar Mines ■ Ltd 20% Hahn Brass preferred—— Cotton Harding Hard Harker Gold Mines 5c 281 110 13% Carpet Rock Gold Mines 15,000 20 — ,.7%c 5c —— Bridge Hamilton 19% May 5,560 10 Mines Hamilton 10 9c Halerow Swayze Mines Gold Mining Corp Monarch Knitting common—— u Gypsum Lime & Alabustlne Halliwell Mines Mercury Mills —— Mid-Continental Oil & Gas Paper common. Preferred Great Lake Gold Gold - Mines Great Lakes Red McWatters Graham Bousquet Jan McDougall Segur Jun Grafton class A —. Feb Jun Gordon McKay class A——. Class B ———: 14c 12% •; 76 %c 86c 18 %c 20c r.. . ; ! ,L . 110 12,350 12,900 July May 9% Jan 18% Mar 11% Mar £ 76 %c July 170 Apr New 18% May 101% preferred _—'—r Moneta Porcupine -Montreal Montreal Moore Light Heat & Power- Locomotive Corp Mosher National Long common Grocers National Steel Car Negus Mines r •: 797/a .1 Lac common. 25 %c .* 2014 79% 80 25c 25 %c 2014 20% 27% 27% 2.55 2.78 Jun - JVolume ld4 Number 4505 f •t wtr •\r%T'AT'V.r^r. v THE COMMERCIAL & FINANCIAL CANADIAN : ; \ v^ a'tt • CHRONICLE LISTED MARKETS RANGE FOR WEEK ENDING JULY 8 4,100 36Vic Jun 1.60 Jan 90c. .July 700 3,600 24%6 May i; , 55c 60c . Mar Jan Toronto Stock ExchangHiDrb Seclin Canadian Fonda STOCKS Friday Week's Sales Last Bancs Sale Price of Prices Par British Columbia Forest Products low • 4 3Ye British Columbia Pulp & Paper com—* 67 67 Brown Co common 1 Preferred , Canada & Dominion Canadian Fairbanks Canadian Vickers Sugar __1 . Consolidated Paperr Dalhousle cil deHavilland Disher ' . Textile .. ■ . _ ........ common 195 23 39 May 3% Pend Oreille Supertest For footnotes see page 184, Paper. *■ ' Investment...... Petroleum Temiskaming Mining 31 ordinary. Jan 43% Jun 173 Jun 2.80 Mar 150 2.10 Jan 4.00 Jan 19 20 3,740 15% Mar 23% Apr 32o ^-e 4,050 32c ' .. 41% 41% • 32c 7.;- 600 17 150 * 60 July 85c '-1J< 18 Apr 21 July 39% Feb 125 95% , 15 45% Feb 118 Mar 1,65 1.65 1.70 1,625 29 29% 75 23% Jan 50% 51% . 1.50 Jun 29 -51% .. 21 < 128% 128% 2122% .. ,1,430 10 . 44% Mar 121 Mar 2.15 Feh 39 , Jan 59 Apr 144 Apr 18% Mar 27% Maf * 2.70 Jan 6.09 Feb ?.-?» 2-50 1,500 25c 25C 25C 1,085 48% 48% .. 13c 12cl3%c Apr May 20% Apr 1,280 3.50 * Jan Jan 50 110 17% 3.80 Feb ^18% Feb ' 40 110 , 5 . 3% 21 .1 Feb 2.50 17 * 29 3 21 ,1 Apr 40% Jun May 18 j Apr 104'/a Apr May 149 21 International Paper common~_M_«~~15 Preferred .........100 Southmount 75 190 * . Ontario 3Ye July 41 172 May 2.50 . Hayes Steel. & 100 July 41 19% » 85 172 17% Fontbiiio nn Xr Vw 8Va Jun 40 ■ , 5 78 - 5% Mar 24 Donnaconna Paper Minnesota 470 3% ■ High 3Ye July Feb 58 40 3% - , ._ 6% * common preferred Dominion Bridge Dominion ... Aircraft Steel v 115 23% 89% — • i 2,380 16 1 4 n : Low 4% 67'/a 86 172 * Range Since January 1 V* * Lumber . , 85 ... ••Coast' Copper.' Shares, High \i.~ ■ ... common Preferred Canadian Western 6 __ ♦ . ........ Marconi Canadian .100 . - 14- tor Weak 6 5,500 ^ 46 May *07».fun 12c May 33c Jan THE COMMERCIAL & FINANCIAL CHRONICLE Monday, July 8, 1946 OVER-THE-COUNTER MARKETS Quotations for Friday, July 5 For Quotations on Real Estafe Bonds Shaskan OVER-THE-COUNTER SECURITIES • '"'-A- ,< Firm 250 Ward ' <>> Members New York Stock Exchange Members New York Curb Exchange Trading Markets 40 ACTIVE ISSUES Tel: 120 Broadway. New York REctor 2-8700 Co. & Exchange Place, New York 5, N. Y. Dlgby 4-4050 • Bell - , ' Reorganization Rails 1 (When, Bid Amerex 1 1% 9.17 10.06 American 8.07 44*4 Series 5.32 Standard Oil Fund B K-2 Series . Series ... 20.05 21.56 Knickerbocker % 7% SVz Loomis Sayles Loomis Sayles w— n.n M «i 7 Va 87a America—.— 105.17 25.92 27.87 Broad Street invest Co Inc..— 23.32 25.10 23.78 26.06 71 74 ist 4s_ Conv "hie Ind'polis & L'sville class A Common _1994 104 106 2019 _____ income' 4%s_ 94 Income r 96 .5% 2018 ___ St Louie & San 82 1993 50 & Grande Rio com 76 81 33 — Preferred 35 70 72 23 25 56 58 103% St Louis ft San Francisco— 1st 50*year 4s_ Income 75-year 4%s. 132.40 18 47 i 84 101 Vt 16 • preferred ——.——100 Denver 4.V2S 1st 3-4s income— Ask — Chicago Rock Island Ac Pacific- Denver ft Rio Grande- 8.29 7.48 Fund Mutual Fund—* Second Fund—10 95 Francisco Preferred 101 - , 103 83 corn■ 85 60.90 59.68 109.55 0 7.90 92 2003 2nd 4%s 17.97 7.11 6-4. 18.65 Md Stocks 1983 Chicago Rock Island & Pacific¬ 20.38 16.33 Series .8-3,. 9% 36.85 19.53 S-2 9.90 B__ 33.91 33.58 Series . — Axe-Houghton Fund Inc Axe-Houghton 12.36 9 r:-;-' snaren— ■- 5.83 11.39 24.86 30.82 Series AS % Foreign investing-lOc Assoc'ted 22.69 Series 7.38 —10 American Business Shares—a—1 Ask 12.54 (Cent, )- Keystone Custodian Funds Holding Corp B!« 11.43 Far Ask Bid Far Mutual Fund*—' and if issued) as Ask Indianapolis ft Louisville— .1st 4s Affiliated Fund Inc 1-953 Tele; NY 1-1287 & 1-1288 Bonds— Aeronautical securities Teletype NY Phonos Chic - Co. & ■ Direct Wires t& CHICAGO ^ PBQOLADELPBEIA • . : -Members New York Security Dealers Association 1920 Established l:Y\' v-'\ 'Blair; Si iCO—_,w*l Bond inv of Tr Fund Boston Bullock Inc Fund —1 Ltd Manhattan Bond Fund Inc— 10c Mass Investors '.Canadian' Inv "Fund Ltd.—1—3 U 5.50 6.05 ; • 34.63 37.24 1 Century Shares Trust Chemical Fund——— 16.24 151 ; 6,02 17.87 15.89 17.05 1 13.10 14.16 National Security SeriesBond series....———... 7.41 *■ 2.02 Income 6.27 series 46, 56% 59% Home 31%' ,10 58 60 Homestead 81 84 22% 24% Agricultural priced bond series....—. 7.75 8.52 American Automobile 6.04 6.77 American Casualty 9.57 10.57 19.15 Selected series 5.25 Speculative series 4.83 57.34 7.82 Fundamental Investors Inc—2 Fundamental Trust shares A.. -2 General Capital Corp • 17.89 19.61 General Investors Trust 1. ,,, ;/GtonF'Seourltles---,fir,,.1 60 Aviation 6.56 Bank 19.43 11.05- Chemical shares——_ 8.09 8.89 13.77 15.11 Electrical Equipment Food shares J. V; 6.76 9.56 General bond shares. Institutional bond shares—. 9.66 12% American of Newark— 3% 20% 13% 21% Merch ft Mfrs Fire N Y 5.37 8.38 American Re-Insurance _10 19.40 American Reserve .10 18% 20% National Surety 25 71% 74% National Fire 10 41 43 — Bankers & Shippers 12.84 Boston 11.47 11.19 15.84 10 75 stock 16.65 18.17 Connecticut General Life Continental Casualty—: 11.94 13.12 Crum & 14.03 19.07 10.76 9.79 >■ 14.13 9.51 Railroad equipment... 10.94 12.02 Steel 10.66 11.72 7.81 8.59 Republic Invest Fund 1 Scudder, Stevens & Clark ^ Fund, Inc ...—• Selected Amer Shares 2% 3.85 4.25 6.19 6.81 6.74 7.52 stock shores— 7.35 Steel shares......... 6.68 Tobacco shares 5.38 5.92 7.16 7.86 Utility shares 1 Huron Holding Corp Foundation Income 90c • 1.05 —— ft (Geo! Fund Inc —-——100 1.96 2.02 31.52 33.89 Fire Assn of Phfle. Institutional Securities Ltd—Aviation Group shares Bank Group shares Union Bond Series 4.84 Fund 5.32 119.33 16.60 7.77 8.51 Great 1.06 61.00 98c 18.06 1.09 Insurance Gr&up shares— 1.13 10.31 18.08 19.80 10 36.25 39.41 —1 17.27 17.64 12.27 Investment Co of America Investors Fund O—i 20.90 B-l—.— Berie* B-2_———, 28.33 31.03 Series B-3 19.20 21.07 28.73 —— 30.10 —10 59% 181 '' 61 Bonds— Arkansas vUnit Type Trusts— .2.50 Pow ft 2.94 1 Calif Elec Power 8.00 • 3.97 ; Series 1950— Cent Vt Pub Conn Lt & Erie RR 14% ' St Paul Fire & Marine 115% 25 55% 57% . 10% 12 15 15 36% v 1050-1948— May 1, 1952-1950 Jan. 1, 1953-1951 Feb. 1, 1955-1953 33 31% U S Guarantee 124% 100& 99JI 100|} 100 v* ioo% 9911 Issues * 104 W* 104%. . I:., I%%; f March 15, 1947— —1%% iSept. 15, 1947—., i—, 1%% tSept. 15, 1947— — 1V*% tSept. 18. 1948—.; IK* Bid Aet bi.00 61 93 : 2.50 36% 39 i 99% V:'- 1976 105 105% ; 103 " 99%.f 106% 105%fr;l06 1976 ' . 102%^vT02% 1975: 103%%103% 1057<S 10672 1077^108 ; 1037$: 104 102%?vl02% (Indiana) 37sS—1975 0,85%f Brook 1975 2%s._1976 Biouvcyty Gas ft Ei 2%s—-197A • 971/, 107% ! 10674 110 ^ 109 105% 10674 Pennsylvania Electrto fcTO^--- "103 104 Potomac Edison $3.69—-—100 5' 105% 107 ' Puhlic Serv (lad) 3.50% 101 !J 'v Jo2% Ruppert (Jacob) 4%%. 100 107% 109 Sfcifanton Spring Brook 4.10%>___ -i1067? igg & Sioux City G & E 3.90% .100 106% / 107% Union Elec if Mo 3%%__ 1067a 10772* 10374-./ 103% 1975 Serv < • Par? Monongahela Power 4.40%—100 Ohio Public Service 3.90% 10974&;ai0 Jii—-1974 Service 2%s—1976 " _ _ Preferred Stocks— 0106%#VI067a 103#X_J04% 1986 i _ Central Maine Power 3.50%__. 96% Central Pow ft Lt 4% —100 106 Jersey Ceiitral P & L 4% -106 104%&• >05% 1975 1975 Power Ask 100%* .. 110%£'lll% 1953" Bid 99% 99V8 ' Tenn Gas. & Transm 2%s—1966 -102 .102%; Texas Elec Service 2%s .:1975 103% 104% Texas Power & Light 2%s.1975 103% 104 ,i. Ufcah p0,w ^,Lt 2%s____—1976 101% 102% Wisconsin Elec Pow 25/8s_.1976 102% 102% : $$,J04% 10i% 13014 I _ , "Ufttoi»;;Oirv-(Cal^. IQ7^ 102|>J;102% Unrted Stales Treasury 131% , — 100.9 Certificates 100.9 Aug lr 1946—.,.—,Q0f4 " tf%s Sept. lr IIMLwmmnm, 8093/ t%S Oct. 1, 1946 .0099 t%& Nov. lr.1946.—— r ,0105 :; .0127 4%S Dec, 1, 1946—..U,,......I „ t7/eS Jatt. 1, 1947.—________ t'/sS Feb. 1, 1947 ,0136 .0214 .0138 .0251 k Removed *%s March X, 1947—————. t'«fcs April 1, 1947 — .0157- .0287 t Ex-stock t'/sS June 1. 1947 .0309 .0488 .V/bS July 1, 1947-i—.0340 .0535 . .0215 .0110 15, — . ' 100.8 1946:.^——' bo.3^5 0.34% Aug. 22., 1946— b0.375 -,9.35%< ;Aug,i" 2^1946-^---^tS'b0-575^O.35%^' Sept. 5. 1946 bOf375 0.35%; Sept. 12", 1946—1—.—.— b0.375 0.35% Sept. 19, 1946 b0.375 0.3501 Aug. July 5, 1946—...—— —. bo.375 9.28% ^rJul5t-lDvl948;i.bO.37$ ."0.33%,; July 18, 1946——— bO.379 6.3?% •r July 25, 19461—— 1— bO.370 0:33% 100.8 l v. • - . Bilk oiir.fav- discount At.purchaaa.« tJ-t '■ Dollar FrfcelOOPTui of indebtedness— 51%. - 1 Tt 8 Conver8lon 3a..M,«^i. .. .,^1047 Maturity- 58 88 36% 720 i" Socony Vacuum Oil 2%s__1976 ' Standard OirfN J) 2%s;-_-197I 105>/jt|?I05 1074 Public Serv (Okla) 2%« Quotations For U. S. Treasury Notes Int. Rate . 49%. 4 • ■ Portland Gen Elec 37s8 Figures after decimal point represent one or more 32d* of a point Maturity— tDec 15. 1946.— ' . Security 1975 ri: t - 122% 34. 10 Westchester Fire 3s 27s*-_ Pub Panama Canal 8s——.—1901 X 37%. : 129 107##108% Pwr 3s ser K—1980 Scranton-Spg 15, 1946 1 58 35%, Guaranty Co..2 U S Fire— 29'/4 Monongahela Power 3s- Federal Home Loan Banks— Oct. 80 . 118 U 8 Fidelity ft 102 29 7.7. 705 31% Montana Page 166. Ask 0.90% . 55 100 — —__B Jersey Cent Pow ft Lt 2y«s_1976 % 103%% ;i04 -> 102'^(103 23.50 Obligations Of Governmental Agencies 1, > 7% 30%,.. ,32%.' - Travelers, • • 27 12% Springfield Fire & Marine 25 Standard Accident-..,., —10 30% . 43 6% Surety...———— 10 Security New Haven.. .10 Philadelphia Elec 2786- Oct t ;90, 15% 40% . Seaboard 42 23 __B Mt States Tel & Tel 27bs I%S lV4s 1ft* sy«s Providence-Washington ———10 26% 98 -i j v- 14% (NY)—2 Republic (Texas)— 10 Revere (Paul) Fire— _; 10 Serv 2%s Narragansett Elee Federal Land Dank Bonds— 1 67 64 Reinsurance Corp 40 Lt 3%s-l074 2s Ohio Public Bid : 104 ....10 .86 Accident——f 13% Kans Okla ft Gulf Ry 3%s_1980 Laclede Gas Lt STiSu— 1965 FOE NEW YORK CITY BANKS & TRUST COS.—See 25 .93 187 Bid pS Ask ^4';- Illinois Power Co 2%s._: 3.42 U S El Lt & Pwr Shares A— 54% ,16%i ."■7% , 99 25 •' Birmingham Electric 3s Diversified Trustee Shares— Beries 1955.. - 64 111% a „ North Amer Trust shares— Series Preferred 22.79 D 6%- 10 Phoenix "74% 6iy4 28.71 Independence Trust Shares Keystone Custf tan Funds- ,40 Recent 13.41 26.26 1.24 Stock and Bond Group shares. • 23.88 Union Preferred Stock Fund 1 > , 25.54 21.85 9.43 Wellington Fund —.8 - 25 10 Fire— r 15% 23V4 ' , 1.26 24.77 . 52 . 7%.' 35 35 12.50 ,89 Pacific indemnity Co. 38 -20 ., - 200.. ; 33 10 Fire _10 ; ——— Hartford 64.00 1.13 _— American— Pacific : 70% B Hanover 97c Union Common Stock Fund B— 16.48 Fire Globe ft Republic Globe ft Rutgers Fire com 2nd preferred 15.23 series A—. G. 37 -10 —10 ' 25o B. Series 18.85 116.97 7% 2.50 — : 69 «■■■• 'II —B Rlver_—_— 6 26% 66 52%" 35 General Reinsurance Corp 10 Gibraltar Fire ft Marine 10 Glens Falls Fire————.5 30 17.53 1 Sovereign Investors 1 Standard Utilities 10c State Street Investment Corp... V ? 20 Trading. Fund 50 Fireman's Fd of San Frah—;_10 Firemen's of Newark.. __B Franklin Trusteed Industry Shares Incorporated Investors——B Common . !.._5 —.10, — 15.52 8.65 Oils Railroad . Forster Inc Employees GroupEmployers Reinsurance Federal Fidelity & Deposit of Md 15.41 17.37 Metals - New Hampshire Fire— ' 12.81 11.66 — Putnam Bond shares Northern:——— 14.42 Petroleum RR Equipment shares 78 Diversified Investment FundDiversified Speculative. Electrical equipment 6.71 Railroad Northeastern 25 6.10 Railroad 27 10 __B — : 24% . City of New York 12.54 V North New YoVk Firei—— 14.24 shares..—...—. 25 13.25 11.14 — 67% 23% 12.06 10.14 — 64 10 81 . 8 • v —10 76 Camden Fire— Machinery —4 _; Casualty (Detroit)—10 New 12.80 5 — 7 Liberty—.; —J 20 Amsterdam Casualty.——2 New Brunswick —JO 7% 18.62 — Fire 22VJi .97 30% 28% 4 , 41 .92%.. National Union Fire 12% 25 16.96 Insurance 10.61 V a Baltimore American. 15.82 11.69 stock....< 11.42 Petroleum ■ 10.02 Monarch 37 17.37 9.11 12.97 —mi, Mining shares——— - 15.82 — Dow Price Shares —— —— 35 105 • 20% National — 14.41 — Merchandise shares Investing v —I 12% 5.81 Merchandising 10.10 10.50 ; 7.44 9.19 10.67 Administered shares—. Industrial Machinery shares— V / 12,14 Building shares.—— Casualty— Massacnusetts Bonding . 18%- 38 Merchant Fffe AssUr.____——0 Chemical 9.46 9.49 shares— Maryland 13 23% Automobile Building supply. Business Equipment 11.00 8.61 36% 11% 7.58 Automobile 10.01 34% 21% ; 33% ■ 102% 20 18.43 ——— England- Fund..*.—......1 Agriculture 50.04 ■ — 4 .49 „ 17- - Insur Co orNorth Amerlca___10 __5 Hi* York Stocks Inc— . ,-n Agricultural shares Automobile shares New 7.85i 6.88; .19 American Equitable:.-. __fr American Fidelity 8e Casualty_B 8.71 Stock series 2.75 2.51 Fire American 31.91 29.63 B — Jersey Insurance of N Y 10 Preferred stock series Fund Inc • Industrial FUnd, Intf- "Fully .28 17.91 .. Financial Avlattoh ' American Alliance 29.60 First Boston Corpi———10 First Mutual Trust Fund——0 Fidelity Life 101 6.93 10.87 97 - — Low priced stock common- in m Pa* Hartford Steamboner inspect-io _10 Aetna — stock Companies tot _10 8.13 9.79 series /Industrial BIO Aetna Casual & Surety. Aetna k 27.68 Fund.. Fund..,., Stock Pa* — & Howard— Balanced Insurance 19.53 Low laton 18.88 10 Securities— /Balanced shares mmrntrnmWMSHMMj Mutual Invest Fund Inc 25.16 1.84 Delaware Fund.. Dividend 'li- 7.58 23.27 ,—1 Commonwealthlnvest— 34.18 17.56 National Investors Corp ! 1,470 . 10.18 31.97 Nation-Wlde 17.57 Christiana Securities com 100 3,370> 145 Preferred ——.——.—100 9.26 1 2d Fund.——1 Common Mass Investors Trust 100.23 104.24 100.14 100.15 101.4 101.5 Bid .0250 Ask. Aug. .0160 .0160 Aug. 1, 1946—__—b0.375 0.34% 8Vb0,3^ ./ >• - ■' i.: » j ^ • 'jbept, 2%^19461111.-1—> bO.370 « 0.35% : • •»' •• ; •. .0168 .0396 a Odd lot sales, to Stock dividend. •No par value, •dividend.;;-; b Yield price, Exchange, r c(Cash sale, d Deferred delivery, e Ex-interest, f Flat price, Canadian market.: s Cash sale—not Included In range for year, is^ue^' w d When delivered, x Ex-dividend, y Ex-rights. tin default.; tTbele bonds are subject to all Federal taxes. lEx-liquldatlng (Un) Unlisted < THE COMMERCIAL & FINANCIAL CHRONICLE Number 4505- Volume 164 •£•^ ■■■■ THE COURSE Of BANK CLEARINGS .'V.-- ..•'<• •• ••:?y .•"» v,. '<• , 1946 Week'Elided • June 29: 1945 - 0A Inc. or 1944 9"; 1943 ' B^k ^ show an increase icomptod with? a year ago, 'Preliminary figures compiled by us, based upon? telegraphic advices from the chief cities of the .country; indicate thai for the weete, ended Saturday, July g; clearing© cMrings thfe for ail cities of the United States from for the week follows: * ; ;• •• ■ . j' . ,'s v " O • Week Ended JulV 6— . £ .. ■ '. • 194ft 1945 800,560 1,922,570 719,000,000 1,900,433 7,900,228 rJK Delaware—Wilmington ,1,657,268 . 2,160,946 1,765,786 ,+6,046,106 8,394,040 Jersey—Trenton +5,733,690 , Total (10 cities) , ' 4,877,2263,906,182 V • ; #800,000,000 1,951,514 —■ Reading^..^^4*4»*M^^a».«..fl.ll^ t^!im New ciearlngs—Returne toy Telegraph- . .?!, Philadelphia 938,179 " . 830,015,611 — 5,881,800 738,913,631 M +16.2 ;.^iyl40;753 \-,:«ti4J0.9 902,113 '727,84V. ; 2,211,806 y ' vgcrantonu,;.^,,^" Wilkes-Barre - % ' • 'PyMOOdW:'-*)?Ovfrji■■ Lancaster-—,—,—-..,^,; „,,;', ,„;,/,■ Our preliminary year. $10,800,143,144 for the same week in 1945. gain for the week ended Friday of 51.7%. Our comparative At this center there is a -summary ■ at $12,913,844,614 against stands total 1-f• which it is pbssible to obtain weekly clearings corresponding-Week last above those for the Win be 19.5% third federal Reeervc District—Philadelphia— Pennsylvania—Altoona " 1,089,897 * 602,004 + ■ " 594,956 1,207,357 772,817 1,478,780 681,000,000 1,838,224 '" 1,552,311 784,784 +15.0 • 1,876,858 +11.3 726,000,000 + 2.7 1,816,477 +19.7 3,256,445 + 376.7 :£££:$ 2,013,536 +22.4 iV 1,975,394 — 9.1 :Ti ' " 4,002,846 ££'£ 1,691,461 1,700,427 5.4 _ +42.7 " +12.3 -' '' 8,945,100 1 1 748,822,909 — 5,814,000 700,100,868 % ' $7,628,282,705 New York— , Chicago ..2m r • ■ ■ * — — .- + 423,148,906 370,629,290 +14.2 521,000,000 +37.4 ' ' 378,774,392 293,629,041 :i — Fourth'Federal Reserve District—Cleveland— 51'+. 716,000,000 "■■■■ — ' Philadelphia-..- $5,029,762,464 Ohio—Cfl.ntn»-i_, ' 5,229,190 119,450,001 Cleveland 246,700,007 Columbus,—' 19,639,100 £ Mansfield-— 3,220,501 Youngs town— 4,562,184 Clnnlnniift . 4,662,388 121,090,011 240,117,159 ,. ■ , . ■ * Kansas City * + 29.0 « >|91,040,896 149,753,905 +27.6'. 167,900,000 136,000,000 +23.5 234,754,000 211,137,000 +11.3 192,585,147 --— St. LOUIS-— 1 • — - .. — Pittsburgh— ; — - Baltimore — Ten cities, five days—— 180,371,121 + 181,983,926 161,181,565 124,864,264 + Pennsylvania—Pittsburgh 6.8 Total 2.2 $7,178,328,650 +42.7 West 1,854,171,060 Total all Cities, five day*LAll cities, one day— 1,543,648,380 +20.1* Virginia—Norfolk $12,096,213,361 $8,721,977,030 Virginia—Huntington—-— 2,086,166,114 Total all cities (or week South +38.7' 817,631,253 —— —60:8 : ; — +19.5' Complete and exact details for the week covered by the foregoing will In the elaborate detailed ended June 1 statement, however, which present further below, we able to give the final and complete results of the week previous—the week we are i press. has to be estimated. cases For that week 29. there was clearings for the whole country having amounted- to $12,676,526,902 against $12,339,- 318,562 in the same week in 1945. < Outside of this city there bank clearings at this center having recorded a iji cities according to the Federal Reserve Districts . We group the Philadelphia Reserve District of 12.3%. District the totals are smaller by 5.9%, but in totals are •Reserve District of 7.5% - has to its credit a gain of In the Cleveland Reserve in the ^District of The Chicago LoUis St. 14.3%. 29.2% and in the San Francisco Reserve District Reserve District—Atlanta- 15,467,922 10,641,745 + 45.4 50,259,099 39,699,054 +26.6 174,200,000 2,716,322 147,300,000 +18.3 ... —_ Mobile— — 103,377,997 84,198,269 ■ 4,356,091 — j — Louisiana—New Orleans Total 272,831 2,115,793 1,643,765 '49,153,136 52,016,181 4,512,299 205,204 2,550,030 65,552,718 60,445,769 — Mississippi—Vicksburg , (10 cities) +28.4 +55.1, +33.4 +16.2 — 3.5 +33.0 +22.8 479,198,779 Seventh Federal Reserve Reserve District—Chicago— Michigan—Ann Arbor 1,01 Grand RapidS— 7,33 Lansing 4,09 5,594,026 3,70 38,65 3,999,856 34,580,000 Indiana—Port Wayne - — Indianapolis South Bend-———-—-——. Terrc Haute; Iowa—Cedar Rapids Des Moines— ■ ■. - ^ 6: Chicago 590,344,356 1,946,814s l,9< 7,K . Rockford— 6,479,975 4,76 ^ Springfield . Total SUMMARY OF BANK CLEARINGS Week Ended June 29— Federal 1946 Districts Reserve $ Boston $ 493,043'jOlO 2*1 New Yofk— * 7,372,091,912 7,462,523|o51 ^ 12 3d Philadelphia 830,015,611 738,913,631 10 5 • 4th Cleveland — — ° " 479,198,779 17 M 756,045,868 4 " 342,871,621 7 " 246,989,845 ——— < 8th St. i 8th Minneapolis LoulS — — — I;X0th Kansas City 11th Dallas 12th Ban — 516,551,603 10 7,467,207,933 5,437,781,207 748,822,909 700,100,868 5.9 671,854,121 666,441,126 — + 0.5 322,221,498 ' Eighth Federal Reserve District—St. Louis- +22.4 417,629,587 . + 9.8 746,771,303 + 7.5 315,527,599 278,290,568 216,079,038 +14.3 204,186,190 200,884,261 313,969,272 +14.7 284,203,882 282,014,270 +29.2 156,078,709 127,023,484 592,729,313 492,900,823 201,306,904 155,831,104 " 606.9J0.374 558,727,718 - + 8.6 . 12,676,526,902 12,339,318,562 + 2.7 12,443,784,647 9,9(55,476,023 5,540,832,131 5,065,392,278 + 9.4 5.178,464,996 Total (4 cities) < •• ;• 342,871,621 - District—Minneapolis— 4,773,698 170,318,917 Minneapolis— St. Paul North 56,815,863 ————————— Dakota—Pargtf—- South Dakota—Aberdeen— 4,051,023 2,013,212 Montana—Billings-— Helena—-—.— 1,735,231 7,281,901 — (7 cities)— 246,989,845 Week 1946 First Federal Reserve _ - $ June 29 Hastings 194* Inc. or 29 - i— — Lincoln, 1943 Dec. % $ $ 3,642,457 Massachusetts—Boston— 911,665 424,760,586 - +46.3 1,293,018 2,936,814 . + 24.0 3,465,791 424,542,928 - + 0.1; 447,638,236 . . 814,572 : 4,372,302 ^ Fall River—J— 1,503,410 • —— LoweU IfeW Bedford-. • 1,033,008 572,562 387,722 ' +45.5 509,439 Pueblo——— 5,713,650 —12.4 1,40 1,074,789 +31.1 +14.6 +20.8 1,20 — Total (10 cities) 358,259 1,742,471 1,443,547 +20.7 1,219,101 6,290,042 —. — is—— 3.3 —25.5 1,016,435 - 5,213,842 +20.6 5,018,491 v' " 4,299,469. + 1.0 3,547,655 : + 0.5 + 0.9 — 7.7 359,99 — 1,195,871 ' BpTtogfield 2.6 + 5,00 6,04 Missouri—Kansas City St. Joseph Colorado—Colorado Springs-- 361,266,190 ; 1,121,485 +47.4 +32.6 — 9,65 257,77 ; — ' • + 73.4 331,169 4,197,225 71,722,473 8,112,828 8,424,853 213,443,542 ——« Wichita— 1,334,173 . - - 168,395 43 4,08 74,09 — Kansas—Topeka District—Boston— iWne^-Bangor———. Portland $ Ended 1945 Omaha \ • • 200,884,261 Tenth Federal Reserve District—Kansaa City- - Clearings at— 204,186,190 our Nebraska—Fremont ' - — Ninth Federal Reserve Total add , Minnesota—Duluth— detailed statement showing the figures for each city for the week ended June 29 for four years: now 83,210,951 54,053,502 1,207,168 . . 4,703,342,195 Outolde New York City We 204,400,000 — 663,943,460 318,999,701 Louis—-——! Kentucky—Louisville Tennessee—Memphis^.— Illinois—Quincy ^ 354,739,843 688,757,714 Missouri—St. 276,097,197 391,485,446 " i—111 cities (17 cities)? 425,258,916 1,2 +12.3 ! 0.3 305.-53S418 '' " -10 i $ $ + — 359,999,281 ' 6 ———- Francisco— Total Dec. % 695,455.459 331,645,506-,J*' t 1 Atlanta 7th Chicago 654,749,607 -——10 6th Richmond «ih 7 \ '2,924,187 2,040,396 1943 1944 Inc. or 494,641,594 12 Cities lit — 1945 i 664,337 595,0; Decatur— Peoria In the following we furnish? a summary by Federal Reserve Districts: 1,960,657 17,818,015 6,938,382 8,0: Illinois—Bloomington of 8.6%. 6,898,671 487100,623 2,8r 19,21 —- — - 692,910 5,250,102 10,737,996 " 43,46 , ' —--- Sioux City— < 4,65 ,11,5( , —— ■■ - Wisconsin—Milwaukee In the Kansas expansion of 14.7%, in the Dallas Reserve an Federal 331,645,506 Alabama—Birmingham improvement District by 22.4%. (6 cities) Nashville Richmond Reserve District the 9.8%, and in the Minneapolis Reserve City Reserve District the totals register District of tlie Reserve larger by 3.5%, and ir+thefAtlanta District • an 1,231,020 8,428,000 84,216,669T ^2,659,732 181,559,867 44,128,210 2,850,568 171,706,513 55,788,689 - Columbia—Washington- Georgia—Atlanta Augusta Macon—————— Florida—Jacksonville which they are located and from decline of 1.2% but in the Boston Reserve District the totals show of .0.3% and in 1,716,910 the this it appears that in the New York District (including this city) the totals show a . of Sixth gain of 9.4%, the was a decrease of 1.1%. 666,441,126 8,413,000 Tennessee—Knoxville increase of 2.7%, the aggregate of an 3,058,787 289,603,831 2,260,731 Carolina—Charleston Total the Saturday figures are not available-at time of going to -Accordingly, in the above the last day of the week in all 306,363,023 appear We cannot furnish them today, in as much as the week issue of next week. our ends Saturday and 14,850,700 90,626,005 Maryland—Baltimore District $12,913,844,614 $10,808,143,144 4,251,723 654,749,607 Richmond— fa v Fifth Federal Reserve District—Richmond— - Other cities, five.days- 4,537,041 115,613,900 237,059,957 16,291,900 £■ 2,377,551 4,167,592 272,630,728 2,712,655 - 255,948,624 «. (7 cities) $10,242,042,301 — — - +12.9 127,572,329 ———— —— Cleveland —' ———! - 5,042,991 117,444,423 -il;. 253,898,936 16,258,500 " flan Francisco— J 671,854,121 • • Boston—™— ; Eleventh Federal Reserve District—Dallas— 5.495,281 • Worcester—4,342,650 £ Cbnnecticut—Hartford—, New Rhode r New : . 19,396,272 Island—Providence——— (12 Cities)— i • ;7,804,888' 22,132,900 23,979,000J " 1,051,193 ■ 494,641,594 — 1,194,413 ■ . 493,043,019 . ' ' ' ,3,159,971 22,242,292 7;849,I53 Texas—Austin—. ,7,655,289 21,600,000 ... 1,046,942 1,401,708 0.3 516,551,603 Louisiana—Shreveport— Total 59,366,085 6,031,642 + 884.2 31,879,160 68,933,032; 2,540,543 1,922,985 +32.1 1,649,076 5,7 » (6 cities) — .. 201,3 Twelfth Federal Reserve District—San Francisco— v, 0'.f- 1,869,363 61,442,701 — — Buffalo—-—- ——w— l; Rlmlra—— .Jamestown . 2,0 irnrnrnnwrnmrnm •' York—Albany 69,335,000 —11.4 !.-$ Blnghamton—— . 19,2 3,8 Wichita Falls. 425,258,916 + 6,2 164,0 ——. . Fort Worth Galveston-.—— 20,246,900 —12.0 — Dallas 18,276,138 ' ieoond Federal Reserve District—New York— New .• ' .'1,209,742 : ——. ,New Itodhester— „,,, - , , ,wt... % , Byracuse—————' 14,889,39a. 1 - /J^rsdy—' M^ ' —203 1,254,528' . -13^479,980< +1015;;: £ 15,206^81 + * 372,831" + 7.9 7.3 ■ .. OregonwPortlaKd—-£4^—wiM+-;: 94.500,469 106,548,236 3,737,512 :ZZV 2,920,768 78,811,058 87,064,048 Utah—Salt Lake 36,282,190 8,343,917 6,138,312 359,477,000 4,748,947 +29.3 305,170,000 +17/8 Ban Jose—- 9,178,189' Santa Barbara— ———2,832,412 Btackton—. 7,669,318 : ' —. Yakima —. City California—Long Beach———Jar 1,016,961 Pasadena S San Francisco 13,013;905 7,294,481 9,473,948 +77.3" 38,828,823- 1,157,929 6,238,352. +35.1 9,415,512 . Washington—Seattle 8,202,133,828 4 33,75^76^_ 39,015,941 * —15.$ ' 612,729,450 ""<67,100,000 1,221,894 1.1 6,037,540, '661,04a ' " 60,830,000; ' • 1,640,643-. —.9.5- 10,160.048 WorthefdKeWJersey—" 1,51'7,770' '7^73,926.284 8,157,868 Cdnnectlcut—Stamford ———.a;,, * " 1,485,487 7,135i694i?n : ' i 19,295,714 , 7,872.876 ■ Hampshire—Manchester——. Total J Hav^n^-———_i————1. . L. 9.5 112,951,166 2,534,925 79,909,426 28,934,635 +25.4 35,397,239 9,355,898 —10.8 7,444,667 6,348,352 335,402,000 6,529,629 7,372,091,912 7,462,523,051 1.2 + 28,0 90,995,686 6,955,243 +32.01 1,877,279 —45.0 1,727,940 5,152,672 + 48.8 4,483,969 2,025,400 78,301,74* 26,217,193 £ 8,499,893 4,963,343 271,366,994 4,451,931 1,670,735 4,407,904 £492,900,823 6,786,317 424,368 '31,888,96© CI T^tal 375,063 *t£ ■ .v (10 cities) : -,yy , ' ;V-vy 41,821,789 41,231,410 7,467,207,933 5,437,781,207 666,97Q;3t* ,W , 558,727,718 + 8.6 592,729,313 12,339,318,562^ + 2.1 £12,443,784,64t 9.4 5,178,464,996 :v ^ :26.86^918 Vi2;676,526,902 Outside New York-^.i,vil-ii,.i)T.i .r -i • 5,540,832,131 . -u., 5,065,392,278 ; Total (12 titles)—— —11.3 — V tNot included in total. *• ' ^ ~ - - t % J " r •« - - - ^ + .... .. .. . . . 9,905,476,023 4,703,342,195 THE COMMERCIAL & FINANCIAL CHRONICLE PARTIAL Foreign Exchange Rates v , tifying daily to the Secretary of the Treasury the We give below a record for the w^ek just world. r V EXCHANGE RATES FOREIGN passed: ' 1 * ' v &<><£»,. CERTIFIED BY FEDERAL RES ERVE BANK TO TREASURY UNDER TARIFF ACT •JUNE 4J lt'i ' 1 < w } I , ' St ^! > - v ' *4 ' 28, 1946 TO JULY 4, preferred stock—July 12 Chicago, Burlington & Quincy RR— 1st and refunding mortgage 3Vo% bonds, due 1985 Aug 1 Chicago & Western Indiana RR.— 1st and ref. mortgage bonds, series D, due 1962_Sep 1 1 1946, INCLUSIVE ^ V 1 *j j ef ■ t OF 1930 /' Noon Buying Rate lor Cable Transfers In rr-ll.J a..»na Mnn.« Value in United States Money ' ™ i . Unit 1st .060602* .051902* .909090 .909090 ♦9Q9090 Collins & Aikman Corp., 5% convertible pid. Columbia Gas & Electric Corp.— : 8% debenture bonds, due .906875 .907031 .906875 DeVilbiss .570066* .570066* .570066* Co., 7% preferred stock— Dryden Paper Co., Ltd., 1st mtge. 6s, due 1949 ,020060 .020060 .020060 .020060 .208765 .208765 .208765 .208765 4.033750 4.033750 4.033671 .008409 .008409 .008409 .008409 .301824 .301824 .301824 ; Closed + .205715 .377892 .904583 3.227000 3.227000 .201611 .201611 .201611 .201612 .040501 .040501 .040501 .091323 .091323 .091323 .238520 .238516 .238517 .040501 ■ - .091323 .238520 Sweden, krona .233626 .233626 4.005000 4.005000 4.005000 Uruguay, peso- Per Share 105'A STOCK Estate Trustee ($100 jpar). 3 Second National Bank, Boston ($40 par) 4-22 Knitted Padding Co. x.d 20 Boston Real Estate Trust 33 Board of Trade Building Trust ($100 par) 44 10 ? Eastern Storage Co —— 25 Randall Faichney Corp., preferred 100 Checker* Taxi Co., preferred ($10 par). Western Real 140 ,.45 48 24 100 4 ' " ■" ■ July 3, 1946 ' . - Odd certificates i: * * r- 17,344,215 760,979 : • ^ ■■ ■ 710,302 ■■ 1 1 18,103,034. 18,111,514 Votal gold ctf. reserves.-^ ! 18,054,517 201,711. 22,710 279,626 231,243 .1,189 18,173 14,073,893 7,577,982 14,399.246 6,482,370 12,895,737 6,052,011 595,600 755,290 1,748,200 755,290 1,684,950 1,112,642 263.090 238,353 . advances..—. and . 1945 . 17,342,055 770,306 r,,'1 i . 1,182 loans Acceptances purchased—; ; Certificates"! .1— — Hotes HftpriS •■-■■■■ - ' ' • ' (In 23,385,106 Total loans and securities— 23,265,010 83 113,524 2,224,684 32,921 47,075 23,635,711 84 119,795 2,185,412 32,966 50,326 44,057,901 44,406,954 .. Total assets — ■ ■ ■ Loans and 24,090,486 15,815,468 Loans U. S. Treasurer—gen. acct.. 507,053 505,286 466,033 Foreign ■Other ... II . • . ; ■—-——, 17,829,662* 1,835,329* brokers ! 1,400 73,9 carrying: Government obligations —. 1,559 454, 1,277 Other securities—,——.......—,—— 90 — 1,889 U. o* bonds V« 8. I.H"»«|n-r--rrTi(Tnr-.-niwt.i.mwr T ■ — r ; •erves to deposit And F. R, note liabilities combined..^. 1,467,000 7,712 41,612,705 228,153 67,065 107,819 44,406,954 42,145,895 27,165 - " . 43,2%* 45.0% indus— 5,407 6,484 5,152 Revised figures. The condition statement of weekly reporting mem¬ ber banks of the Federal Reserve System in 101 leading cities shows the following principal changes for the week ended June 26: Decreases of $347,000,000 in de¬ mand deposits adjusted, $365,000,000 in deposits credit¬ ed to domestic banks, $510,000,000 in Treasury bills, and $325,000,000 in certificates of indebtedness. Commercial, industrial ,and agricultural H2769 1 113144 Oct 1 112015 July 1, '47 July 8 *2490 Government Balances with gold debenture bonds, series A, due 2022 stock (Del.), preference stock (N. J.), 7% preferred stock convertible preferred stock _July 8 113186 113186 July 31 July 31 well was as a Eliminated in the compromise inductions drafting of 19 The Senate had originally voted 18-year olds. 19-year olds. to draft both 18- and Following alconference^^committee's ^report?bn? asbill to continue draft legislation until March 31, 1947, the House approved the compromise by a vote of 259 to 110 on June 25, and;several hours later the Senate followed ■ suit by voice voter The measure, which was passed a five days before expiration of the present stop¬ gap yeontihuing legislation^ was said to represent ~aa Administration victory because, while not quite the re¬ +1,082 + 1,606 +136 + 13 225 + Robert 12 + 5 — .59 + — 2 441 55 that —3,024 4 + 600 + + + — • 16 36 489 + 13 + 52 — 15 316 companion bill armed adjusted- 39,522 + 3,155 + deposits- 10,063 8,716 Domestic banks Foreign banks 1,268 Washington dispatch. extension measure, forces" would be able to obtain for the next few months. Both enough he and men General terson 234 76 — a draft Dwight D. Eisenhower, Army Chief of Staff, Mr. Pat¬ wrote, prefer an all-volunteer army if one can be obtained and do not "desire to have a single man 774 + 126 Borrowings Debits to demand deposit accounts except Interbank and U. 8. Gov't accounts, least —6,305 — 9,025 the to through voluntary enlistments to meet their needs at 1,539 Interbank deposits: was passed by.Congress and sent to the White House, pro¬ vides an increase in pay for members of the armed services from 50% for lowest grades, ranging down to 10% for highest officers. Secretary Patterson said that with this increased pay incentive he was hopeful that the 235 + no. one A 14 — Secretary of War read, in which it was stated, would be drafted during July and August, P. Patterson Associated Press advices stated in + 2,187 r authority which the Presi¬ dent had requested, it was a stronger hill than many in the War Department had come to hope for. Before the final vote in the House a letter from 653 — 1 + — newal of unrestricted draft 167 — 29 — 441 — > 9 — Liabilities- w 1948 House provision barring any before next October 1, and prohibiting the — 2,096 domestic banks. during week notes due Equipment measure —1,131 —1,124 3,394 —. Time deposits gold the House until Feb. 15. —510 10,244 Banks 6% drafted" if it The 16,122 new can draft be avoided. law? as-summarized by the Associated Press, has the following principal provisions: It permits induction of non-fathers between the ages of 19 and 44, both inclusive: it limits the length of service of drafted men to 18 months; it fixes the size of the Army at 1,550,000 on July 1 this year and at 1,070,000 on July 1,1947; It prohibits the induction of fathers, and allows fathers now in service to obtain their discharge upon request Below will be found a list of corporate bonds, notes, after Aug. 1, 1948. From Washington June 29 the preferred and common stocks called for redemption, > Associated Press accounts said: including those called under sinking fund provisions. Although the law permits the induction of mer\ The date indicates the redemption or last date for mak¬ Redemption Calls and Sinking Fund Notices Condition Statement of Member Banks Reserve with Federal Reserve U. 8. Government ■ 358,355 27,428 ; 1 Sep bonds, due 1968 Service Act until March 31, 1947, occurred on June 29. measure enacted into law is a compromise between the Senate-voted extension to May 15, 1947 and that of —325 26,744 Cash in vault Demand deposits 170,053 43.5% Oct refunding mortgage 5s, due 1965 The 6,514 Other securities ■■ 17,036,620 182,860 44,057,901 112769 112769 Coniprpittise Draft Bill Is Siped 758 ■... Obligations guaranteed by U. 8. 358,355 Total liabilities & cap. accts.. Ratio of gold certificate re- H2769" 1 1 The signing by President Truman of the compromise legislation enacted by Congress continuing the Selective —1,789 9 + — 183,218 27,428 68,310 112769 1 Vol. 163. 9,415 .... of Indebtedness Treasury notes 1,206,699 440,150 15,769 /;4 ■ H2447 1 mere „ Treasury bills 1 113186 Co., «55 Co., 20-year 1st mtge. 4% bonds due 1955—Oct 1 H2901 Woolworth (P. W.) Co., 2'/2% sinking fund debentures-July 15 112056 ♦Announcement in this issue. 4In Vol. 161. §In Vol. 162. JJIn and dealers for pur¬ Real estate loans.,..... Loans to banks 661488 43,771,246 43,420,590 Capital Accounts— ■ Capital paid in Surplus (Section 7) Surplus (Section 13b)_; Other capital accounts to make ,1 9,371 liabilities <^dh>ana , 1,795,754 Other liabs., lncl. accrd. dlvs.— • to U. 8. 14,722,283 969,537* 519,116 431,247 17,293,840 —— Deferred availability items Commitments + 114 Other loans for purchasing or ' Total deposits Total —757 14,917 ... chasing or carrying: U. S. Government obligations Other securities 23,101,373 15,909,762 1 Aug Aug Walworth and agricultural 7,529 Deposits: acct. $tr 61,748 Investments—total Treasury certificates bank—reserve Oct Victor 1945 Other loans. 24,321,625 113421 H3421 United States Lines Co. June 27, 1946 $ tau&—tutt»» ■■ Loans—total— Commercial, Industrial, Uabili tiesFederal Reserve notes Member June 19, Assets- 42,145,895 pth«»r ftssftta . Any time bonds K3421 as 1946 21,787,427 110 83,486 1,928,090 34,055 56,499 —. §2822 , 1 6% Increase (+) as Decrease (—) Blue# 21,745,340 - 1947 due 113141 Texas Power & Light Co.— millions of dollars) —. 23,002,765 Uncollected items Bank premises series B, United States Lines Co. (Del.), preferred United States Lines, Inc. member banks follows: 38.884 -3,203 Yhtal U, S. Govt, securities foreign banks F. R. notes of other banks bonds, Southern Pacific Co., 40-year 414% Standard Gas & Electric Co.— $144,000,000 in New York City, $57,000,000 in the Chicago District, $31,000,000 in the San Francisco District, $29,000,000 in the Boston District, and $365,000,000 at all reporting member banks. Borrowings of weekly reporting member banks from Federal Reserve Banks declined $58,000,000. A summary of the assets and liabilities of reporting . Doe from 1955 & 1957-July 15 July 15 1st rfelaftvely little change. June 26, ' , _ 6% mortgage 6% income income debentures 20-year S. Govt, securities: BfflS ref. H2996 Spring Brook Water Supply Co.— domestic banks declined „„ notes • -7 . 17,341,208 - Redemption fund for F. R. 1946 ' > • • • & H3287 1 1st mortgage and refunding 5s, series A, due 1967—Aug Water Co., 1st mtge. 4Vis due 1958-Sep Demand deposits adjusted declined in most districts, the principal decreases being $120,000,000 in New York City, $48,000,000 in the New York District outside New York City, $71,000,000 in the Chicago District, and $29,000,000 in the Cleveland District. Deposits credited to (—) Since July 3, June 26# ' 7'7v H2009 Scranton Gas & City; other loans for the same declined $29,000,000 at all reporting member securities showed of dollars) Inc. (+) or Dec. . H3137 1 Pennsylvania Water Service Co.— Treasury bills declined $510,000,000, of $476,000,000 was in New York City. Holdings of Treasury certificates of indebtedness declined $325,000,000, of which $179,000,000 was in the Chicago District. Holdings of Treasury notes declined $55,000,000. Hold¬ ings of United States Government bon4s and of, other Percent ■■ $22,- Holdings of January 1958 W. 6.—— ,$48 flat. . thousands 1 8 Scranton-Spring Brook Water Service Co.— 1st mortgage and refunding 5s, series A, due 1967 Aug 1st mortgage and refunding 5s, series B, due 1961——Aug which Reserve Banks Combined (In Aug 7j/2% banks. 4% BONDS?;? • 8 H3136 113286 Pacific $23,000,000 in New York City, and increased purpose Statement of Condition of the 12 Federal Discounts Industrial .562716* nearly all in New York — ' Other cash .562716* 000,000 in the Chicago District; all reporting member hanks showed a net increase of $9,000,000. Loans to brokers and dealers for purchasing or carrying United States Government obligations increased $136,000,000, ^ •■-»* 8 First Holiday omitted. & Co., Boston on Wednes¬ §1513 Co.— Greyhound Lines, Inc., 4% preferred stock Rochester Telephone Corp.— 1st & ref. mtge. 2ya% bonds, series E, due 1960 Auction Sales Assets— .658300* 562716* clined ' Utilities mtge. 1st lien .658300* 562716* Ifon controlled 7 Old Ben Coal Corp.— .658300* Closed .658300* Controlled Bowdoin Square Garage 5s, gen. States National Oil Products Co., 314% debs, due Northern New York Utilities, Inc.— .233626 .233626 • 113417 Co., Inc., 7% preferred Ry.— . mtge. gold bonds, series E, due 1977—July 1, '47 McLellan 4.005000 Switzerland, franc Obion of South Africa, pound V; & H3283 1965——July 26 stock Sep 12 due International Telephone & Telegraph Corp.— 25-year 5% debenture bonds due 1955: Holiday .904375 3.227000 3.227000 Shares debentures Stores Co., 5% convertible preferred stock July Macy (R. H.) & Co., Inc., 2Vfe% debentures due 1952—Aug Nashville, Chattanooga & St. Louis Ry.— r 1st mortgage 4% bonds, series A. due 1978 Aug .909090 .904375 ?-r: day, July 3:v Simon income H3282 1 Aug & ref. .3Vs% bonds, series D, due 1969 July 26 Illinois Power & Light Corp., 5!/2% deb. bonds due 1957_Sep I Industrial Rayon Corp., $4.50 preferred stock, ser. .909090 .909090 Closed .909090 — Transacted by R. L. Day -July 15 Northern 1st .377893 .904375 , ** Temporarily convertible 4y2% Gulf 113416 ; - Franklin Great Aug 12 stock A—July Zealand, pound.. Kerway, krone Fortugal, escudo Spain, peseta ♦Nominal rate. 4V2% .205715 .377892 4 §2142 5 K3129 113281 1961—July 15 Holiday1 .301824 .205715 .377892 +. _ . Paga (Sidney) & Co., Inc., 7% preferred stock„Oct 1 & Power Co., 1st mtge. 5s due 1951-.Any time Canada Wire & Cable Co., 6V2% preferred stock July 15 Central Pacific Ry., 35-year 5% guar, bonds due 1960_Aug 1 Butte Electric " .205715 peso — H3420 113290 113424 Blumenthal Of 6« — guUder———._^— • Eversharp,:;.Inc.—\ 4.033750 Free— v Date .060602* v : 112991 H2991 8 CALLED Company and Issue— .251247* .570066* Mew ;• July 15 .051902* r Official o ISSUES A .060602* .051902* ■C4 •• Mewfoundland, dollar— ' ENTIRE series .906875 Motherlands, • (Ohio), preferred stock, .022845 ,051902+ Xagland pound sterling.. France (Metropolitan) franc 3B41& (British), rupee Daly, lira \p Co. .022845 .060602* Denmark, krone .• Oil .297733* .251247* K3130 1 3.214113 '■> " ' - , Colombia, peso ; Czechoslovakia, koruna $1,500 ' Aug .022845 Official 3 Aug series G, due 1974___ 3Va% bonds due 1971 3.214113 ,022845 Canada, dollar— " 1st mtge. $ 3.214113 Free ■ bonds, Co., 3.214113 Official ■ July 3 U3129 1 1 -Aug .909090* Free Australia, pound Belgium, franc Brazil, cruzeiro— Mexico, mortgage 2%% Power Standard July 4, July 2 .297733* July 1 d* ; .297733* 4 .251247* Official • bonds, series E, due 1969 Mississippi Power Co.* 1st mtge, 3Va% bonds due 1971—July 15 Phillips Petroleum Co., 2%% debentures due 1964 July 15 .251247* "" mortgage 3%% 1st New York .297733* June 29 June 28 Argentina, peso— J3413 Cincinnati Union Terminal Co.— Gulf Country and Monetary Pago Date American Gas & Electric Co., 4% % requirements of Section 522 of the Tarjff Act of 1930, the Federal Reserve Bank is now cer¬ buying rate for cable transfers in the different countries of the Pursuant to the REDEMPTION and Issue— Company NOTICES Company and Issue— Adams Express Co., St. Josepn loans de- in ing tenders, and the page number gives the location which the details were given in the "Chronicle." - Page H3277 Date •/ • < 4% bonds due 1947—. 4 * * . , Any time 1 years those under 26. TENDER. 4!/4% debentures due Aug. 1, 1946_Any time & Grand Island Ry.— 1st mortgage OF through 44 ■ §2024 the . of age, present policy has been to take Under the new law draft boards retain right of deferments for occupational reasons. They must register youths of 18, but the law prohibits their; induction, t •{Volume 164 Number 4505 THE COMMERCIAL & FINANCIAL The CHRONICLE Capital Flotations in the United States During the Month of May And for the Five Months of the Calendar Year 1946 . t . Type of V Dated Mar 7 Mar 14 Mar 21 Mar 28 Mar 1 Mar Total Amount 1 Ctfs. of indebt U. S. Depositary bonds— Mar Tax Antic'n notes. Total for March———., 4 Apr 25 Mar 20 Apr Ctfs. indebt Tax Antic'n notes- 8,356,656,000 1.302,898,000 8,810,000 1,316,110,000 946-000 1,310,259,000 1,315,262,000 2,819,514,000 299,037,900 9,047,065,612 Total for 626,371491 3,682,000 178,697,100 £24,349,801 — 667,762,712 {.. 6,406,000 Total for April—-....— 2,019 000 9,040 000 ■—«—v 2,819,514,000 Savings bds. 4,54'O'tNfO ; 9,181,005,591 Depositary, bonds— Apr ; of U. S. 1 ;Apr • 1,303,477,000 1,301,797,000 1,315,311,000 1,304,361,000 3,131,710,000 day Treas. bills? 1.311,768.000 91 day Treas. bills 1,317,056,000 91 day Treas. bills 1,310,259,000 91 day Treas. bills 1,315,262,000 18 Apr Indebtedness X$X:?:rX V',,/g- ■ 92 11 Apr Refunding 3,131.710,000 626,371,491 3,682,000 178,697,100 Savings bds. Mar Apr NFw Security > i Accepted ■:.V:.,,,.;:;v-v /■ $ 91 day Treas. bills 1,308,017,000 91 day Treas. bills ,1,303,816,000 91 day Treas. bills 1,315,311,000 91 day Treas. bills 1,313,401,000 :^-'XX . __ -„-auu. 667,762 712 6,406;00O u ; -w 299,033iWq , 983,032312 months— 40,388,236,837 36,486,936,000 four 8|064,043,000 3,901,300^«JT May 2; 91 day Treas; '-bills309,246,bOa^ 1,309,246,OOtf May 9 91 day. Treas. bills May 16. .91 day Treas. bills 91 day Treas. bills May 31 90 day Treas. bills May 1 U. S. Savings bds. 1,308,242,000 1,301,341,000 1,313,785,000 1,310,201,000 594,343,336 6,547,000 May 23 May; Depositary bonds— May Tax Antic'n notes. Total for 1,308,242,000 1,301,341,000 1,301,268,000 1,310,201,000 ' 12,517,890 ia»' 594,34^-336 vVI———-6 547-000 * 198,394,200 May 198,394,200 7,342,099,536 t-%'. ' " ' ' ''] - 6,530,298,000 811,801,636 f-'i- -L- - Jr Total for five months—. 47,730,336,373 43,017,234,000 ♦INTRA-GOVERNMENT , 1946— $ _ Second quarter. '■ I FINANCING Issued 4,713,lOS&T* Retired Net IfeStttd " V . January— . Certificates Notes Six months. - 13,550,000 747,327,000 . — 72,500,000 mm i * x58,950^80 | 34,025,000 ' — ill. 1.1.|„, .. 713,302,000 ■ f,fc« . Total for July. August September. V > 749,921,243 338,267,743 705,440,793 January 760,877,000 423,678,261 1,793,629,779 2,217,308,040 193,109,384 Nine months 826,381,452 3,531,771,293 4,358,152,745 488,867,748 1,430,562,237 1,919,429,985 708,303,942 901,413,326 for February Certificates 186,300,000 185,550,000 mmmmmmik December —— — Total for March-———- Fourth quarter. s "April— ' ; ■-» Notes . / 241,925*000 mi" ■ . V j •' ' atBaftlVm 241,925*000 ... ...... 1O6,3OO;B0O 132,345,000 i,,» 133.205,000 "" 238,645;0©O Treasury Financing in May Date Amount Offered April 13, the Treasury on May 1, redeemed in cash $1,579,292,000 of Treasury Certificates Dated on Due April— Mar .» 91 91 days Mar 28 91 days Mar Mar 8 7 91 days 1 Mar 1-31 Mar lyear 1 10-12 yrs. 12 years Mar 1-31 Mar 2 years 3,682,000 Mar 29 Apr 4 92 days Apr 11 81 days amount of of Indebtedness of Series E-1946, $4,799,491,000, which will mature in 12 Apr 38 91 days 19 Apr 25 91 days 1,902,106,000 4,741,969,000 667,762,712 6,406,000 Apr 1 lyear Apr 1-30 Apr Apr 1-30 Apr Apr 1-30 Apr the 1 10-12 yrs. holders full. up to $25,000 will be allotted in Cash subscriptions will not be received. The re¬ sults will be given; here next month. Total for Total ■Treasury bills, Savings Bonds, Tax' Anticipation Notes •Average rate t rate and Depositary Bonds and in this manner sold $7,342,099,536 of its securities of which $6,530,298,000 was used '"j ^ 1 f- ->-/ ... , t *r 4 . i ^ 5 | 1 ' ity, ^ V UNITED Dated ' 91days 10 - 91 days 4 Jan Jan 11 Jan 18 V Jan 24 Jan 25 Jan 31 Dec Jan 1 Jan 1-31 Jan 1 2,904.956,000 • 2,259,444,000 91 days ' 2,005,255,000 91days 2,016,155,000 91 days / 2,025,044,000 1 year - 3,323,194,000 7 Jan 17 •• ■ 3 ; 10-12 yrs. V Jan 1-31 Jan 12 years Jan 1-31 Jan 2 years S' ^ \ Vj ^ ~, i.«• ';V; J t- v* ; 959,559,756 10,441,500 301,781,200 ' t • $■ ; j 1,302,898.000 ;!5:. • 99.906 -% : , 594,343,336 five ' \ a series Security • , Jan Jan : 3 91 day Treas. bills 10 91 17 91 day Treas. 91 day Treas. Jan 31 91 day Treas. bills y8 Jan 1 Jan 1 Jan; .Jan 5 day Treas. bills Ctfs. U. S. of bills indebt Savings Depositary bds. bonds- Tax Antic'n notes for • *91 days 1,928,073,000 .1,314,673,000 99.905 + *0.373 91 days 1,987,760,000 /1,309,003,000 2,037,113,000 1,301,118,000 99.905 + *0.375 Feb 14 91 91 days day Treas. bills 99.905+ *0.375 Feb 21 91 Feb 21 Feb 28 92 days '2,005,866,000 day Treas. bills 92 21 Feb 1 lyear 1 10-12 yrs. 12 years 4,952,949,000 622,403,078 day Treas. Feb 1-28 Feb Feb 1-28 Feb V; 2 years Total ior February v 4,027,000 4,027,000 100 180,952,100 / — 180,952,100 100 11,001,591,rts % ' :• / V . . 2 b Feb Feb ! 7 28 91 day Treas. bills ' 1 W' $15,000,000 Nashville Chattanooga 0.375 bonds Price, ; 2 5 any fldlSN' kind """" & ' ' V to ^ 'A / Depositary bonds Tax Antic'n notes ' Co;. S. of indebt , for February I c {], \ V */ New 9.872,481.000 4,027,000 —* 453,000 ' 622,403.078 ' 11,001,591,178 10,193,756,000 - 3V*Vo Stone to Webster Securities Weeks; & Orleans series B RR. due 1st April and 1, ^ and Stein Bros, to refunding mortgage 1970. Purpose, refund¬ C. Allyn & Co., Inc:; Bacon, Whipple & Co.; Watts & Co.; Ball, Burge & Kraus; BateihUn, to Co.; A.; G. Becker to Co.„ Inc.; William BItoilf to ;Co.jiBlyth, & Co,,' Inc;;; Alex. Brown to Sons; Butoher 4to {Sherrerd;• Coffin & Burr/ Inc.; Cooley to Co.; J. £)ain to-Co.; Davenport to Co.; Davies to Mejia; Day to Co.; Dick & Merle-Smith; R. S. Dickson & Cto., Inc.; Dillon Dominick & to Dominick; Drexel & Co.; Eastmwn, Co.; Elworthy to Co.; Equitable Securities Cotp.; Fahey, Clark to Co.; The First Boston Corp.; Glore, Forgan & Co.; Glover to McGregor, Inc.; Goldman, Sachs & Co.; __Hallgarten to Co.; Harrirtmn Ripley & Co., Inc.; Ira Haupt & Co.; Hayden, Miller <to Co.; Heller, Bruce & Co.; Hemphill Noyes to Co.; Heif*y Herrman & Co.; Hill, Richards & Co.; J. J. B. Hilllard to Estabrook / > v. to Co.; Son; Hornblower to Weeks; W. E. Hutton & Co.; The Illinois Co.; Johnson, Lane,' Space to Co., Inc./ Johnston, to Co.; Kalman to Co., Inc.; Kidder, Peabody Lemon - (Continued oh / In ' —— & page 190) > 1,286,093,^56 i 1,301,118,000 1,316,013,000 4,952,949,000 Hutzler; Price, 100 and interest. / Offered by Kuhn, Loeb *to A. Baker, , ; ;.r ' & Rothschild • bonds ing. . F. New & Eichler earn L. Co., Inc.; Robinson-Humphrey Co., 15,000,000 Texas , 180,952,100 U. Total v 622,403,078 Ctfs. Feb , 1,314,673,000 :1,314,673,000 1,309,003,000 1,309,003,000 bills 1 1 Feb . Bros. Hornblower Boyce, , Comprised of three eepa- Series A & Feb. interest. Paine, Webber, Jackson to Co.; Schoellkopf, Hutton «to Pomeroy, Inc.; Shields & Co.; Riter & Co.; R. S. Dickson , Savings bds. Feb & due B and Eastman, Salomon Curtis; 1 1 Years) St. Louis Ry. 1st mortgage *376 1, 1986. Purpose, refunding. Offered by First Boston Corp.; Dillon & Co.; Kidder, Peabody & Co.; La^arti Co.; Merrill Lynch, Pierce, Fenner & Beahe; series 100 Freres bi :/ Refunding Indebtedness •$:,,.'•!$'■« $ 1,302,898,000 1,302,898,000 : : 1,316,060,000 1,310,993,000 3 5,067,666 1,312,132,000 1,309,645,000 2 487,000 1,316,791,000 1,310,034,000 : 6.757 000 1,315,717,000 1,315,717,000 3,323,194,000 3,323,194,000 959,559,756 V ; V_„ 959,559,756 10,441,500 V 10,441,500 301,781,200 : —; 301,781,200 1,301,118,000 1,316,466,000 4,952,949,000 Feb a of RAILROAD have 10-year maturity, are sold on a 2.90%; series F have a 12-year matur¬ and yield 2.53%; and series Q January——— 11,158,574.456 7 Feb 1-28 Feb ; bills *0.375 + *0.375 wad - Than Five 0.376 a /• * , 14 a the;j^pital issue every SerVtes xNet retired. During May, 1946 Accepted » 21 622,403,078 a ill ^ "" Total Amount Feb 1,316,466,000 99.904 4,952,949,000 100 99.905+ 99.906+ USE OF FUNDS 24 ••-f;v;-,;.•.v E Type of Jan 2. V of^ National Corporation, Details of New Capital Flotations x series <7,.-about 1.07%; t* Jan a '■ \ and yield Feb Jan tions: during May, including brought out in that month, discount basis, at 74, *0.375 b Fund, Insurance ;Loant|nsurance Corporation. 0.375 6,547,000 100 discount: basis. *0.375 »0.375 Insurance Deposit details 0.375 47,730,336,373 i. ;//•' J 8 r to Life Federal 0.375 198,394,200 100 months 15 Feb Government Fund, Long-Term Bonds and Notes (Issues Maturing Later 99.905+ 6,547,000 on a bank of which Dated *0.375 257,075;80O 1,480,492,1)00 Fund, Fbetal System, Insurance Federal Savings ' 99.905 + 198,394,200 Feb 1 .lp;fc 99.905+ 7,342,099,536 *■ • x 1,309,246,000 1,308,242,000 1,301,341,000 1,313,785,000 1,310,201,000 594,343,336 1,900,939,000 1,927,697,000 1,948,786,000 Feb Feb Life ; ' C-1947. Total 'v;i 1,850,058,000 1,981,048,000 ! 11,158,574,456 v.s,..' b Corp.; •abouf 1.92%Vft year and 1,316,060,000 99.905 + 1,312,132,000 99.905 + 1,316,791,000 99.905 + 1,315,717,000 99.905+ 3,323,194,000 100 959,559,756 a 'XJ 10,441,500 100 301,781.200 100 ; Total for January———— fj- . 16,690,000 405,740,000 and 12-year maturity, are sold at 100, and bear 2%% interest, b Comprised of separate issues, designated Treasury notes of tax series A-1945, series C-1945, series C-1946 and series FINANCING. DURING 1946 Amount; Applied for Accepted Price Yield Due ■ Jan 299,037,900 a Amount ' -,t Deo 24 for v.--. are sold, on TREASURY ' ©ffered • Jan STATES ' series, have ii We now present our usual tabulation: /Date 273,765,000 •Comprise sales of special series certificates ana notes; certlfifeWfts sold to Adjusted Service Certificates Fund and Unemployed Trust notes to Federal Old Age and Survivors Insurance Trust AcCOUnt* Civil Service Retirement Fund, Foreign Service Retirement Fund, Canal Zone Retirement Fund, Alaska Railroad -Retirement 7/a 9,047,065,612 discount basis at 75. * - _ *- 172,075;d00 „ May. Outside of the above the Treasury Department in May confined its operations to the usual weekly sales of to retire maturing obligations. 0.375 a . April Apr 26 May 2 91 days May 3 May 9 91 days May 10 May 16 91 days May 17 May 23 91 days May 24 May 31 90 days May 1-31 May 1 10-12 yrs. May 1-31 May 12 years May 1-31 May 2 years cash redemption, sub¬ equal percentage basis, except that sub¬ on an for 85;000:000 — 16,690,000 * scriptions wlil be received subject to allotment to all scriptions in amounts 12 years 2 years , 1,886,232,000 months— June 1, on Since it is planned to retire about $2,000,000,000 ot the maturing Certificates on Total for five 1,311,768,000 99.904+ 0.315 1,317,056,000 99.905+ d.3lS 1,310,259,000 99.905 + 0.375 1,315,262,000 99.905+ 0.375 2,819,514,000 100 ' % 667,762,712 a ,» ! a VJ 6,406,000 100 ■: • 2, 299,037,900 100 S b>: 1,989,724,000 Apr Mar20 Total pL946. 1,863,398,000 2.050.149,000 Apr Certificates of Indebtedness of Series E-4947, open an exchange basis, par for par, to holders of Treasury V !fv;, Apr 85,000,000 188,765,000 Total for May. 0.375 0.375 % {> " 's jng, through the Federal Reserve Bariks, of %% Treas¬ --———4— — 0.375 2 9,181,005,591 |»; At;the same time, the Secretary announced the offer- Certificates 3,682,000 100 178,697,100 100 ;/ March 88,496;06O .+• % Savings for .. ury Notes Yield 1,308,017,000 99.505+ 1,303,816,000 99.905+ 1,315,311,000 99.905+ 1,313,401,000 99.905+ 3,131,710,000 100 626,371,491 a < ; 178,697,100 , 5 Price $ 2,013,988,000 2,084,615,000 2,074,769,000 1,984,509,000 4,104,216,000 626,371,491 days Mar 1-31 Mar Total ji <• Mar 14 Mar 21 Feb the Treasury Vinson on June 1 an¬ nounced that the 3% Treasury Bonds of 1946-48, in the amount of $1,035,873,400, and the 3Vs% Treasury Bonds of 1946-49, in the amount of $818,627,000, which have been called for redemption on June 15, 1946, will be 8 Mar 22 oC 1 Mar Mar 15 '•-/Redeemed in cash, Accepted I,';,';.,,,■ 206,680,000 /' 118,185,000 t •; Certificates Amount Applied for $ of Indebtedness of Series D-1946. pn *85, OOOtOOO 173,495,000 33,185,000 ■'i...., As announced Secretary 85,000,000 206,680,000 May— 1 i 53,205,000 1 —————— — Total for tRevised. c. *., - Certificates Twelve months j i ■ .. •'4 * i. 80,000,000 —» 371,850,000 — ... mm > 31,135,000 273,060,000 ' Notes — ...— 21,135,000 HMnjiir March— October November | -'.n i' 'win. ■■■■»>...■ Total I 10,000,000 10,000,000 263,060,000 i' Third quarter. v | 654,352;00O February— Certificates Notes— I 106,525,000 4,027,000 180,952,100 .,807,835,178 the comprehensive on the the May and the five months' figures with those for the corresponding periods in the four years • preceding, thus affording a / five year comparison. following pages we tables compare v ' • o b s 6 5 w X G n > U > O > K 1 0 W c o- § OO m hH. SJ S h b-i V. - 000 1Total 9,3150 9716, 41,5 0 30,7980 109,648 18,96 6,806,50 38,0 0 7,854, 21 52,461,021 5,806,sod -^1948— Refundi g -1942. New — 67,3;0 Capitl 94,1250 -JL943 Refundi g 42,350 273~9,680 1125917,5.330,259,972 New 1948- 9,716, 0 4,750 5,806,50 0947291 Refundig; 38lob67 o 1,250, 0 3716,60 42,350 2,39 ,680 a ■ #•"' Capit l 520, 0 14,0 0 $ : 103,846 37160,60 "5*6 ,60 73,64.291 "7520,6 0; 17,24 91 i 38,6 70 5764080 37IO 7 6 2,39 ,680 3,10,61 25,0 0 iols oi d " 56 36 5,9 4,291 14,0 0 38,0 0 50 ,0 12,0 0 I578?,6 25,96 0 50, 0 4^96, HI7 87,30 4,73680 r t 50 ,0 0 - 3,60 ,61 14,0 0 ~ 5~2 o7 6 13,60 1 28,60 1 New 53,.780 46,0 OQ 53,0 12,0 3^50, 0 \;jgifk..,, 10,65lo0 179,8530 10 ,0 25,70162 19,50 17,95T0 159,8476 Total Refundig $: 164,3791 10, 0 14,860 3'51,67 189,5 24 9,150 17,30 138,9420 Refundi g \- 50, 0 4,50 50, 0 6,2109 3185*0, 9,408760 Capitl 15,47381 2,0 0 1,0875 7,54987 605,0 20,87 56 3,780 1,50 0 3,50,0 5,47891 S.o ol o -v$ i. - , 1944 $ ' . 10, 0 164,37961 10, 0 l,285l0O 926, 75 17,64^53 3,0670 . 1,904,175 3,854162 63,780 49,62045 53,0 0 42, 953 3,850, 0 12,0 0 3,6207452 28,39753 1,25640 ,-7: 109,648 531,50 5,275,0 94,1250 7,906 2 - 179,8530 12,0 0 25,94750 Total —194 „ 1270 ,0 Total 28,60 1 3,49,0 1,65940 43,72901 .S -i. I- ' 14,0 0 38,0 0 IsSoi o 1^756 0 57i6o76 o 4,73680 4,036^0 24,81 23 3,60 1 Capit l i 7■ 25,0 0 !?• 5,806,50 103,846 .2,7150 9437 CNaepitwl 73,64291 *47,85.0 '36,47 32 21,50^ 25,96 0 50, 0 %5» 31,509 12,0 0 9,716, 0 4,96 , 0 T, 47 "50, * 1,250 21,0 0 50, 0 5i§94,29l 5 1270 ,0 9,3150 531,50 Refundi g ± 5725,0 9,716, 0 Total 531,50 16,~40O756 21,0 ,0 50, 0 8 Total "67 ,50 12,569175 25,70 162 '•-. 10,3527 189,51294 ;f 15,21675 60, 0 47,50 0 50, 0 17,906 19 3,850, 0 i jMFYTHOEIVA&NFfIkcEMSFLARUCNOGRPLDM 35632,61714,59880.2 412,638590783915,42,0672SiUtanpE'£eldCmsoctO.jGFbtfcegvhroafadvrny_g:s;nmfu-liccYpylltesEVMFOAT$kUtGSRAiTINESCIOHRfPeSEoA 1357,241,809308476 159,28734 5263,41709887906,1539 >: $ ■ '• . Capitl : 90 ,0 0 375,18 20 13l786,25 18,52 04 19,80 36,73 14 5,0 ,0 Capitl 103,2876 4072 ,931 ?^4;89,564 90 ,0 635,270 164798,0 5,463719 7,50 0 7,-942750 $ CORP ATE, OSUMFARY 2,0 &/. 23,0972 iToO .O O 26,509720 18,0 0 —I945 Refundi g 57,3810 14 ,70 $ 27,653214 5,0 ,0 $ Capit l - 18,260 • 24,035 0 149,80421 Total $ . 42,071 20 " 237,560 II —-— 69,437 48 8,490T280 74*0,0 New New GOVFEORNRMEIGTN, 18,642 87 3,78,0 2,10452 3,50 0 24,53 16 43,50837 B76 o,6 54,71 392 35,0 0 i/feo'. o 7,50760 75,6410 14,70 92,74 120 276 76O 35,0 0 25,10 0 $ Total 19,80 9,120,50 3*62,40 —1945 Refundi g 271,90 4 2 9l7563,294 $ Total 2,0 ,0 "*62 7452 2,3,90 36,1586 New New Tdtal - ; . 610, 0 7,0 0 325,180 40, 0 38,250 85,0 0 40, 0 36,7250 4,29,05 ""loo 4,760, 0 3,~526]950 1,459,817 —I 75,6410 18,23087 5,0 .0 147,6512 35,0 2,0 ,0 39,760 32,850 950, 0 1 ,70961 57,3810 186,7 02 i^f332",?,0469cw1n09-l h1* 56,207821,1420975,5499 527, 50; 287.50 2,40 ,430 1,02 801 4M946 237,50 39,48 36 32,46910 2,0 ,0 26,50972 2, 905 18,260 1,459,817 4,762,50 107,9567 3.0 .90 13,7f5~o280 l672",950 7,0 0 436,89 1 40,95 0 673"o76 98,6036 85,27 50 897,50 42,04 30 1,02 801 837219,064 :"'4„i. _4— 8706,715,03199 1,047385,20691 NOEGARWFUNPID ^75043,072: S-— batfnuoednayisndds NoBteosn-di.'a4 MAY iv§':»!ty-.><notaes—itd \'-v. nptesi-,%nd stock-.^— j*c:7^■»baonds ■ stock— . Governm—t-;—-, governmt_Gacis,&.—t ,Posein— utiles^— hoc.p ?,; manufctres —.o-4'i maanufctringd. .4^- — ehtortladcin.g, NBoomJi'taesd-. utiles-—. etc.—~^coper,1manufcts eori-™— manufctrig etc.,-—4 —-. teradingc"ho.l, XUSC0^4:Mr - utiles— cotper, etc.—:-^4 4•,-—hoterldaticng., utiles-.—_^4 c£oper, mnuft4- acesori—. mnuftg- etc.—-4, hteoraltdcin.g, —4 "19.7sec,0u2—r8itstock— stock—i *.•i^aplT •» •■—"-.4'" "v - •■ -1946 Refundi g 536,0 472 "lLit76^2 15, 7 519 7,50,0 ~T0L50 9,215 60 5278 ,54 39,82 0 7,841,0 *" $ Capitl New -1946 Refundi g g -75,0 324,6850 25,0 0 15,684720 85,0 0 17,80 46,9230 CHAR TE 309,5 49 Capit l 107,2540 17,5 0 . 6,85,0 102,967421 19^71,028 610, 0 4,93,871 950, 0 ir,-m« 527,250 287,50 2,40 30 1,02 801 41,925619 2,0 0 50 ,0 0 15,0 0 2,56 280 40, ^0 i 5oi o Vj9 215^80 New ' • 2468,4 5 768 : 10,5 748 75,0 0 431,9074 25,0 0 12 ,850 3,2695 85,0 0 610,0 2oTl43, 5 - . : 2,0 ,0 4,93871 *15,90 671 *150 65,3 407 527, 50 287,50 42,0 43 1,02 801 4: ' toci^de ^ ^ bt onds — bonds ^% stock— Candianforeign Loanadn ^Municpal—Stes,Staes tGoraal—nd figures Mofmaoynth Long-Term csoteal,l, Equipment and beutilcd.n-gs, trInuvesstmn, Miscela—n.ous —. Short-Tem csoteall,,Equipment and iandunstdrl buildngs, — "tnemstvIrusfai industral -.•Ruber .Prefd Com n i MOONFTH Long-term Short-em Pref d Prefred Com on Corpate— Domestic—• Candi — Long-term Short-em Com n foreign-?— Long-term Short-em ; Other - . . ■ - ;»;P • V/: :: : J. -C , •These !v Other Farm •. * United " Total Public Iron, Mot rs -Other Land, Ship ng ' Public Iron, Mot rs Other Land, Rub er . industri Stocks-—1 csoteall,, lauidngs,Ruber Ship—»4i_n.;gtrInuvesstmn, Miscelanous - Public Iron, Land, . 4-^ : -latoT.^ csoteall,,Equipment and Inadunstrdil buildngs, tIrnvuesstmnT,M4iscelanous corpate Total Total Public . Iron, Motors Other Land, ^ .a 480,6120 8.045,908 8,162,05 Total 57,24198 2,53 , 20 921,875 Total 19,30 0 214.09,70 2,0 ,0 3,0 ,0 20,130 14,0 0 3,52,0 95,0 2,53 , 20 16,57185 57,24198 i;': 167,52 64 20176 ",0 89,405 458,072819 1 42L875 Capit l 316,42560 84.63,084 8,162,05 New 409,6 »724 69730, 210,6546 689,5 190 Capit l $Y: New 19,30 0 53,79 20 2,0 ,0 3,0 ,0 134723,860 86,37450 - — 247,3680 12,0 0 12,60 40 13,7128 2,50, 0 287,95168 90, 0 20,36~o75 215,6304 795, 492 RefUndi g 156,4 28 8753,0 2,39 ,680 167,4 908 90, 0 192,"05l76 10,4 23 59,6 140 $ -1943 . Capital .. $ ; New -- 90,82372 12,0 0 4.065,40 1,37608 2,50, 0 351,675 26;ibd,o — — —- 57193*0 2,102,40 249,6180 Capit l 29,60 1,071 0 3,250, 0 520, 0 46732,7~2 150,od 2,05,0 $. i 468,75 12,0 ,0 27102746 15,6 7613 i76o, io, bdo 750, 0 2,60760 bidos,375,270,9 0 57,40 0 Total 637,25 87 21,0350 149,6I57 O 201,34 0 7,290, 0 1,0589,27 23,62493 "4687 95 "56 ",0 26,3 68 39,60 125,8 40 3,250 520, 0 140697863~5", 179 576 2,518,795 5 New 895,61 968 t21,0350 149,620 276,503 20, 0 1,36842,9 Refundi g Y-. 48,0749 10,75 0 152,079218 26,o0id ;• . > •'.< 123,750 736516 ' - 4,95,0 2,05,0 •: 39,6 0 3,250, 0 520, 0 $ 182,63 8 10,37450 1,80,0 95,0 2,53,20 16,57185 Refundi g 15,0 0 12,6790 27, 28 4785,6 1,7930 -1948 120,476*80 l573~097od0 14,82307 235,608 52 , 590,45 0 12,750 237,04 30 30,63 8 • Total Total 15^60765 316,42560 1,80 ^y.~'Y4 v / fi Total 95,0 0 Refundi g fi,od ,6 6 268, 50 50,4 0 28,97 395 18765,6 61,50 *"50 ,6 6 15,403 8 12,750 FPMroNaBUinvuptelsdwcfkYEIVARS 167,52.409 mfoariyve31Rs -S ^104L •; —— -194- 605765 259*360,81 75,268590 12,70 347,93671 Capital 29,3750 2,635,0 7,0 ,0 3,2706 40,50 Y Y $ "06,5413 10,75 0 24,65760 is,806 65 45,6 76 3,62 *675 2,0 ,0 29,64 0 2,0 ,0 |p°G®otbin~vddn^CefhPErcrli"cygoouamQmuoaup$fe2hanH-,sf3tolrMT86cd™£U0S*yFebbr,y.TitMSHeAF3nRAOdf1^R3i:7;.-—'Capitl13,046250•,.1267945,31^-VY40.9,56032,78 '4916713528,0.340,2 4041*,63529,-068319572&,80.62714,95518 fgoofafvrlieemn"rmiaunoeg5tmnnhcodprt,gls " 90 760 Refundi g£■. 1,406 7,92 4 ,0 ,0 17,47350 12,30,872 25,0 0 $ 1,6590 ,214 17,3860 304725",0 219,350 '"3 . ~*9ob~o o Capit l 29,4263 18,45^27 52,13,63 $ New 8,* 42^50 Total 101,50 corpate, 51 ,0 0 4 ,0 ,0 4 ,0 ,0 2,058,714 Refundi g 654,92350 613,705 30,5 0 81,37 2 2~10,0 26,509720 4732,0 18,0 0 4,0 0 4,0 0 53^910 7 1,837,920 "237",50 60,276 10 32,46910 6,50675 287362 2,50 , 0 2,6 5,0 $ $ -1945 401,35 06 1679^,0 175,84326 5,0 ,0 598,39 02 Capital $ 65,08 0 9,25,0 10 ,0 0 10,69348 28,0 0 8,49^280 4,90 ,0 12,0 0 COtITRSlfPHNUAEED 1,40L72651942,,453869700667982 New 2,53942,76 372,140 459, 408 3,7126,74 Total $,539,041 0 45 ,67 0 40, 0 ^ - 'X • GORNUEPFIW 1,7439,86 342,8650 14,038 0 2,03 ,86 Refundi g 52,950 453,62594 25,0 0 $ —1946— 12,507 0 132,6950 364,50 0 4,359,0 41, 450 147260, 50,1250 50 ,0 0 3.64,79258 07,168427 4,359,0 7360, 018,241627 CHAARNCTDER : • 720,531 0 62,930 30,6 0 182,47120 8,0 0 2,10,0 35,0 0 9723,0 30,10, 0 Total 8»7*4l6oO ^95,84 98 29,750 345,906 8 1,7025,96 Capit lt'?<":'-V,1247,961094 271,0 259 67,045 New SOfamu ry 2,0647,280$17,3860 320,"4()7O5 395,763 5,0 ,0 2,798 0,16 50,0 0 2,1 4,0 436,0 0 —247,9610 2,539476 1,743986 287,50 3.81,781 3,50, 0 47627405l",357, 024 24,31 0 3,584, 3 1,021,801 9,15,12 67,82,53 795*84,98 . Capitl New Total- New nVAM31Y ! otes— note-s —-j y;. .-.— flotbL. :^.4 Total,cdrf»e-"£i.«—Governmi-—t^ agencis&t., • .; D0proonv1ainsce mayNe-wNo$tes* • U'tlhies•-^j., Lc—a -_ — manufctrig -;- hoeldticng., — Notes—YyYa-4'r «*■»- manufctrig: -,r:■•Y '- holedtncg -A_Yik.T,vr:M etc. :;manufctrig ~*7 hfoeldting., y»•:.-v.^fet manucre-YsL-—^_ i._ manufctrig : hoeldticng,y';.^- boanndsd Y_boanndsd ktri.:^lcs boanndds stock*- stock-. foregoviegrnmntLGoaanvnd,♦Municpal—Stes,SPtoaseeCs-inX^4?i9t1oal «n0cltum3.d1Xi,uUae$sS ' LBonoga-nTedrmsRailroad—s Equmiapnmufetnts acneodri Indausntridl — hnveilrt-f,gs,YLi-i—Ss— Miscelano—us it-.:. anodi— Miscelanou—sY anodi-^.: Misceilanou,s_z MEHNbDfStMCorp;bate^ Domestic—., Short-em Com n Short^-em Comstock—n_Oforetighn—er.: Candian mednndfrs sctoea.cllop,,er, Ship-n_gi.Inttvrreuastdfsning,, SBhoorat-nTedisU y/'R.ai-l~r-Yods.Utiles-: Scctoeopall,,,Eqmuaipnumfcetnrets induastnridl buildetn-vg,YsT.. Y_1Yy/^:- Inttvrreuastmsdinng,, Railroads utiles. scctoeopall,,,Equmiapnumfectnrtes inaduhstrdl bueildtcn.g;s,Ruhe~r: Bhi:pingInttvrreaustdmsinng, Railroads utiles^-—: csctooepale,lr,E,quipment aacersiodri indausntrdil bueildtncgs,Y^ Intvrterusatmsdinng,M,isYceala>-n*oYus csoercpuriatte Long-term Pref red Cdhaibn^* Long-term .Prefd Long-term Stheorrtm* Pref red Com on 8 : ' » '• V.-' • ._ u [■ • i Grand j. * Other Farm . V.;; United . *$. 1 '■■■'.s. ■ . -. Total ~ Publiciron, Motors Other Land,Rub er Oil ., PUbilc Iron, Motors Other Land,Rub er Ship ing Stocks- Total Public Iron, Motors Other Land, • Total— Public Iron; Motors Other Land, Rub er Total .190 *3,800,000 Northern Utilities Co. 1st mortgage bonds, series A, 3Va%, (Continued from page 187) ' ' v h-v, ' • ■ 1 noA-. v,r„. due Co.; Kirkpatrick-Pettis Co.; Laird, Bissell 8c Meeds; W. C. Langley 8c Co.; Lazard Freres & Co.; Lee Higginson Corp.; Lehman Bros.; Carl M. Loeb, Rhoades 8c Co.; Laurence M. ; Marks 8c Co.; Mellon Securities Corp.; . Merrill Lynch, Pierce, Fenner & Beane; Merrill, Turben 8c Co.; Minsch, Monell & Co.; Morgan Stanley & Co.; F. S. Moseley 8c Co.; Maynard H. Murch & Co.; Newhard, Cook & Co.; The Ohio Co.; Pacific Northwest Co.; Paine, Webber, Jackson & Curtis; Phelphs, Fenn & Co.; R. W. Pressprich & Co.; Putnam & Co.; The Rqbinson-Humphrey Co.; E. H. Rollins & Sons, Inc.; Salomon Bros. & Hutzler; Scott 8c Stringfellow; Chas. W. Scranton <fc Co.; Shields 8c Co.; . ' Purpose, refunding.',: Pricp,; 101 and; interest. Offered by Mellon Securities Corp.; Geo. G. Applegate; A. E, Aub «fe Co.; Baker, Weeks 8c Harden; Ballou, Adams & Co., Inc.; Barrett, Pitch 8c Co., Inc.; Blyth & Co., Inc.; George D. B. Bonbright 8c Co.; H. F. Boynton 8c CO., Inq.; J. C. Bradford & Co.;: Brush, Slocumb 8c Co.; Caldwell Phillips Co.; Chace, Whiteside & ■:, Warren, Inc.; Chaplin & Co.; E. W. Clark & Co.; C. C. V Col'lings and Co., Inc.; Cooley & Co.; Cruttenden & Co.; "!'■ 1 7 -:;R. h. Day 8c Co.; Dick & Merle-Smith; Drexel 8c Co.; Francis I. du.Pont & Co.; Elkins, Morris & Co.; Fauset, Steele & Co.; The First Trust Co. of Lincoln, Neb.; Folger, Nolan Inc.; Foster 8c Marshall; Graham, Par¬ sons & Co.; Green, Ellis & Anderson; Grubbs;* Scott & 1 Co.; -Hallowed, Sulzberger 8c Co.; Hannahs, Ballin 8c Lee;* / ' Hawley, Shepard & Co.; W. E. Hutton 8c Co.;) Johnson, Lane^. Space and Co., InC.; r Johnston; f Lemon, 8c Co.^ ; ; . .7 Kean, Taylor & Co.; A. M. Kidder & Co.; Kirkpatrick;Pettis Co.; Kuhn, Loeb 8c Co.; Laird, Bissell 8c Meeds; A. E. Masten & Co.; McCourtney-Breckenridge & Co.; McDonald & Co.; Minsch, Monell & Co.; Moore, Leonard & Lynch; W. H. Newbold's Son.& Co.; Newhard Cook: -iS'}'! 8c Co.; Whiting, Weeks & Stubbs; The Wisconsin Co., and AA'ADean-;- Witter-8c Oo.:^;vr,-v:a: 45,000,000 Texas & New Orleans RR. 1st and refunding mortgage 3%% bonds series C due April 1, 1990. Purpose, refundu ing. Price, 100 and interest.. Offered by same bankers as offered $15,000,000'3%% series B bonds (see foreKoing). •■■■:• ■-7; \> 7.; .-.i;.■ ■;.•■ < 7'- :>7a7 ,2,000,000 Western Maryland Ry. 1%% equipment trust certificates u due $200,000 annually June 15, 1947-56. Purpose, purchase of equipment. Priced to yield from 1.05% to 1.75 % ' according to maturity. Offered by Halsey, Stuart & Co. «Inc.; Otis 8c Co.;. Julien Collins & Co.; Alex Brown & \ Sons, First of Michigan Corp.;'Thomas & Co.; Putnam ^ & Co., and F. S. Yantis& Co., Inc. « ! > >■ < ... $77,000,000 - > . V • Z ■ : - PUBLIC UTILITIES r . \ ' . ■ t Bros. 1 13,000,000 Central Maine Power W/l series N 2%% due U .-!»<>>-C'^fI'• and interest. Co. .. Corp.; Lehman Merrill, Turben & Co.; ' 44,660,000 Consolidated Gas 'tf.o-* 'v S Electric .Light & Power Co. of Baltimore' William Blair & . f; M-[< 1 . *,iU & Dominick; Drexel 8c Co.; Eastman, Dillon & Co.; Estabrook 8c Co.; Farwell, Chapman & Co.; The First Cleveland Corp.; Robert Garrett & Sons; Glore, Forgan & Co.; Hallgarten & Co.; Harris, Hall & Co. (Inc.); 1 Hayden, 8c ! 7 Miller & Co.; Hemphill, Noyes 8c Co.; J. J. B. Hilllard •';v Son; Hornblower & Weeks; W. Hutton E. 8c Co.; Ira 'Ij!^ Illinois Company; Kebbon, McCormick 8c CO.; Kirkpatrick f Pettis Co.; Kuhn, Loeb & Co.; W. C. Langley & Co.; Lazard Freres Co.; Lehman Brothers; Laurence M. Marks At Co.; Martin, Burns 8c Corbetit, Inc.; McDonald & Co.; a - 7" : Sachs body .■ ■ A" ■ <itt \ «.*:> ■Ji : V , ■ . , ' '■ v' ' <v.., v ■ & 8c & Co. ./-yu. '7; •Vv7>:'77.;'7:"'VV. ,7 ? -V?-.*-V ' v; ' ' \ (see < the addition of foregoing). Ballou, ! ; ; & Co., refunding. ? Price, 101V2 and 4 William (Inc.); Co.; Heller, Granbery, Bruce 8c E. Masten 8c Co.; Co.; A. Kendall, inc.; Paul Assurance 100% Corp.'jfH. Inc.; Waihwright C. Wyatt, ,, „ Neal 8c & ..,7' -.7 7 and F. w , * $325,185,000 IRON, STEEL, COAL, COPPER, OTHER INDUSTRIAL $20,000,000 Caterpillar Inc. May 1, 07 .... ' 7, and ; ■-.oy 7, Insurance and ,; ■' , ■ ^ ties The Insurance Continental Central due interest. , , > ■ Co. Power & Light Co. 1st Purpose, refunding. 1976. Offered by The First v . Baker, / mortgage 2%% Price, 103 and Boston Co., Inc.; Eastman, Dillon & > Harriman » mii v ■. 7 ! ■ 7 7 . Stubbs; Bacon, Whipple & Co.; Alex. Brown & Sons; Granbery, Marache & Lord; Hayden, Miller & Co.; Hayden, Stone & Co.; The Illinois Company; Kebbon Mc- Cormick & Co.; E. M. Newton 8c Co.; 7 7 : Central Republic 'v- Co.- (Inc.), 7 ' ; Riter & f . > Co.. ; and ; .ica. , Rurpose, AND MANUFACTURING Co. 10-year 2% debentures, due Purpose, plant expansion. Price, 100.757 by Blyth 8c Co., Inc.,/ and Stone Tractor 1956., interest.; Offered Corp. and 101.87 ■ ;7 " Co.; Co.; ' 7- 7 , . , 50,000 Household Service, Inc. 5% sinking fund 10-year serial s ; debentures, series A, due 1956. Purpose, corporate pur5-^; poses. Price, par and interest. Offered by Mohawk Valley /Investing Co., Inc. 500,000 Mading Drug Stores Co, 5% sinking fund debentures duo ; April 15, 1961 (with warrants). Purpose, acquisition of stock of constituent company, general corporate purposes. Price, 100 and interest. Offered by Alex. Browtt & 80ns, ! ■ A: a Vx>'r'-i£r-:y- v;.;; A.;-\v.'%■ :V,' '■-y V and $38,250,000 OIL int. Curtis; Tucker, 8c Weeks; Anthony Laurence M. Paine, 8c Co.; William Co.; Alex. Brown & ' " Co. ; - . , ->7:--f-7.;c-.■:)> f - - ) v . r -7 r Co.; Reynolds 8c Co.; Weeden & Co., Inc.; Pacific Northwest Co.; Almsted Brothers; C: F. Cassell 8c Co., Inc.; Elkins, Morris 8c Co.; Webster 8c Gibson, and G. H. & 1 • & Walker Jersey) 25-year 2%% debentures, Purpose, ,refunding. Price, 98 and interest. Offered by Morgan Stanley 8c Co.; A. C. Allyn and Co. Inc.; Auchincloss, Parker & Redpath; Bacon, Whipple & Co.; Baker, Watts 8c Co.; -Baker, Weeks & Harden; Ball, Burge & Kraus; Bear, Stearns & Co.; A. G. Becker 8c Co. Inc.; Biddle, Whelen & Co.; Blair & Co.; Inc.; William Blair & Co.; Blyth & Co., Inc.; Boettcher and Co.;, Bosworth, Chanute, Loughridge 8c Co.; H. F. BoyntonCo., Inc.; Alex. Brown due Marks & Sons; Sttoud Co., Inc.; First of Michigan Corp.; The Illinois Co.; R. L. Day 8c Co.; Hayden, Miller & Co.; W. H. Newbold's Son ? *10,000,000 Transcontinental & Western Air, Inc. 2% % debentures planes. due Dec. 1, 1951. Purpose, sinking fund purchase of air¬ Sold privately to Equitable Life Assurance Society of the United States. *6,000,000 Transcontinental V & Western Air, Inc. 3% debentures, 1, 1956. Purpose, working capital. Sold privately Equitable Life Assurance Society of the United States. due June to $36,725,000 STOCKS . (Preferred, stocks of a stated par value are taken at par, while pre-r ferred stocks of no par value and all classes of common stock are 7, computed at their offering prices.) /<• *' 7 , - 7 7 7 I 7/|| ; PUBLIC UTILITIES $22,000,000 Central Maine Power Co. 220,000 shares of preferred stock ,< \7 3.50% series (par $100). Purpose, refunding. Price, 101.50 v per share. Offered in exchange for 7% and $6 pfd. stock. :. 7 7 7 Unexchanged shares offered by First Boston Corp.; Stone 7. 7;7. ?/. Webster Securities Corp.; H. M. Byllesby and Co., Inc.; ' Harris, Hall & Co. (Inc.); H.M. Pay son & Co.; E. H. Rollins & Sons, Inc.; Schoellkopf, Hutton & Pomeroy, ' Inc.; The Wisconsin Co.; Blair & Co., Inc.; F. S. Moseley ' 7 & Co.; Maynard H- Murch & Co.; Paine, Webber, Jackson •V\& Curtis; Phelps, Fenn & Co.; Whiting, Weeks & Stubbs; ;77-.7\';-.yy7 Baker, Weeks & Harden; Cooley- 8c. Company; Maine 77?/'' 7 Securties' Co.; Charles H. Gilman & Co.; The Illinois Co.; R. L. Day 8c Co.; .Putnam 8c Co.; Weeden & Co., Inc.; ■ - ' $85,000,000 Standard Oil Co. Webber, Jackson 8c Blair & /Co.; and G. H. Walker & Co. ,.7* 1 * ' V,,o.,- T 7: .7 ,< . ^ - May 15, (New 3971. & Sons; Butcher & Sherrerd; Central Republic .Co; (Inc.); E. W. Clark 8c. Co. ;dark, Dodge 8c Co.; Coffin & Burr, inc.; Julien Collins dc Co.; Courts & Co.; Curtiss, House . 175,000 Milwaukee Country Club 1st mortgage sinking fund 4%'bonds, series A, due May 1, 1961. Purpose, refunding. ■777" /."V '/.Price, 101 and interest.. Offered by The Milwaukee Co. f . Central Hornblower Raiischer Pierce 8c Co., Inc., '\ '7.7; (closed) , 8c ' f• mortgage 4%% 1 sinking fund bonds, due June 1, 1958. Purpose, refunding ($175,000), working capital ($75,000). Price, 106 and interest. Of¬ fered by Illinois Securities Co. *3,000,000 Outboard Marine & Mfg. Co., 3V4% notes, due March, : 1946. Purpose, refunding ($2,000,000); working capital . ($1,000,000). Sold privately to Mutual Life Insurance Co. ; 0,500,000 Walworth Co. convertible 3%% debentures, due May 1, ; 1976. Purpose, refunding ($5,209,720), improvements, working capital, etc. ($1,290,280). Price, 103 and interest. 7, Offered by Paine, Webber, Jackson & Curtis; E. H. Rollins 8c Sons Inc.; A. C. Allyn and Co. Inc.; Eastman, Dillon & Co.; Estabrook & Co.; Paul H. Davis & Co.; Lee Higginson Corp.; Reynolds & Co.; Loewi 8c Co.; Pacific Northwest Co.; Stroud 8c Co., Inc.; Whiting, Weeks v.7':i & Stubbs; Brush, Slocumb 8c Co.; Stein Bros. & Boyce; Biddle, Whelen 8c Co.; Ball, Burge 8c Kraus: Moore, Leonard & Lynch, and Quail & Co. Offered by Hall & Co. (Inc.); Drexel Republic Co. Inc.; Equitable Securities Corp.; Merrill Lynch, Pierce, Fenner & Beane; R. W. Pressprich & Co.; Estabrook 8c Co.; Hemphill, Noyes 8c 8c -K i '■ A'• • *<<'. ? MISCELLANEOUS , *': The First Boston Corp. 250,000 Moore Corp. first 35,000,000 Mountain States Telephone & Telegraph Co. 40-year 2%% debentures, due May 15, 1986. Purpose, refunding. Price, UJ•; Company; Lee Higginson Corp.; , , Iowa; & , *1,000,000 Ferro Enamel Corp. 2%% notes, due May 1, 1956. Pur¬ pose, refunding ($800,000); working capital ($200,000). 1 Placed privately, with Prudential Insurance Co. of Amer- Life Corp.; Blyth & Co.; Goldman, Sachs 8c Co.: Ripley & Co., Inc.; Kidder, Peabody 8c Co. W.. C. Langley^ & -Co.;r Melloh' Securities Corp.; E. H.. Rollins & Sons, Inc.; Smith, Barney & Co.; Stone & Webster Securities Corp.; Union Securities Corp.; A. C Allyn and Co., Inc.; Blair 8c Co., Inc.; H. M. Byllesby 8c Co., Inc.; Harris, Hall & Co. (Inc.); Hemphill, Noyes & Co.; Lee Higginson Corp.; F. 3. Moseley & Co.; Shields As Company; • The Wisconsin Co.; Whiting,' Weeks & ' ; of Equitable American NationaJ Insurance Co.;,: through. .Weeks 8c Harden. 34,500,000 Jersey bonds, ; Co. Co.; due May 1, > . . Insurance debentures $20,000,000 Benefical Industrial Loan Corp, 15-year 2%% debentures, due May 1, 1961. Purpose, refunding ($17,400,000), re¬ duction of bank loans and commercial paper ($2,600,000). yw Price, $100 and interest. Offered by Eastman, Dillon 8s Co.; Smith, Barney & Co.; The First Boston Corp.; Goldman, Sachs 8c\ Co.; Harriman Ripley & Co., Inc.; Kidder, >7 , Peabody & Co.; Union Securities Corporation; Ladenburg, Thajmann & Co.; Merrill Lynch, Pierce, Fenner & Beane; E. H. Rollins 8c Sons, Inc.; Hayden, Stone 8c Co.; Hemp¬ hill, Noyes & Co.; Hornblower 8c Weeks; A. G. Becker 8c Co., Inc.; Paine, Webber, Jackson & Curtis; Riter 8c Co.;. Dean Witter 8c Co.; Blair & Co., Inc.; Alex. Brown 8c Sons; Central Republic Co. (Inc.); First California Co.; > Kebbon, McCormick & Co.; McDonald & Co.; The Mil¬ waukee Co.; William R. Staats Co.; Stroud & Company, Inc.; Piper, Jaifray & Hopwood; Putnam 8c Co.; Rogers 8c Tracy, Inc.; Scherck, Richter Co.; Stein Bros. & Boyce; Whiting, Weeks & Stubbs; Doolittle, Shoellkopf & Co.; Johnston, Lemon 8c Co.; A. E. Masten 8c Co.; Quail 8s Co., and Yarnall 8c Co. ^ f , « Life " & - Mutual 2%% Thalmann & Co.; Laird, Bissell and Meeds; W. C. Langley & Co.; Lazard Freres Lehman Brothers; Carl M. Loeb, Rhoades & Co.; Laurence M. Marks 8c Co.; Mason'Hagan, Inc.; McDonald & Co.; Mellon Securities Corp.; .5 • Merrill Lynch, Pierce, Fenner 8c Beane; Merrill, Turben '•'V & Co.; The Milwaukee Co.; Moore, Leonard & Lynch; Morgan Stanley & Co.; F. S. Moseley 8c Co.; Maynard H. Murch & Co.; Paine, Webber, Jackson 8c Curtis; R. W. Pressprich & Co.; Reynolds 8c Co.; Riter & Co.; The Robinson Humphrey Co.; E.H. Rollins 8c Sons, Inc.; Salo¬ mon Bros. 8c Hutzler; Schwabacher & Co.; Shields 8c Co.; ^ Singer, Deane & Scribner; Smith; Barney As Co.; Stein Bros. 8c Boyce; Stone 8c Webster Securities Corp.; Stroud & Co., Inc.; Spencer Trask & Co.; Tucker, Anthony 8c Co.; Union Securities Corp.; G. H. Walker 8c Co.; White, Weld & Co.; Whiting, Weeks & Stubbs; The Wisconsin Co.; Dean Witter Co., and Harold E. Wood & Co. Laird 8c Co.; 77 &7Webster Securities Corp., ' -, •'/ *7,500,000 Bowaters Newfoundland Pulp & Paper Mills, Ltd. 1st ; v mortgage 3l/a% bond series of 1946, due Jan. 1, 1968. Purpose/ refunding. Price, par and interest. Placed privately with four institutions through Dominion Securi¬ Placed , Massachusetts Rubber Co. Ladenburg, S. • • States Blyth 8c Co., Inc.; Alex. Brown & Sons; Cen¬ Republic Co. (Inc.); Clark, Dodge 8c Co.; E. W. & Co.; Julien Collins & Co.; Dillon, Read 8c Co., Inc.; Dominick & Dominick; Francis I. duPont 8c Co.; Eastman, Dillon & Co.; Equitable Securities Corp.; Esta¬ brook 8c Co.; The First Boston Corp.; First of Michigan Corp.; Glore, Forgan & Co.; Goldman, Sachs & Co.; Graham, Parsons 8c Co.; Hallgarten & Co.; Harriman Ripley &;Co., Inc.; Harris, Hall & Co. (Inc.); Hawley, : Shepard & Co.; Hayden, Miller & Co.; Hayden, Stone 8& CO.; Hemphill, Noyes & Co.; Hornblower & Weeks; W. E. Hutton & Co.; The Illinois Co.; Johnston, Lemon & Co.; Kebbon. McCormick & Co.; Kidder, Peabody & Co.; retire preferred stock ($25,000,000), pay bank loann 7 ($15,000,000). - Placed privately with Equitable Life As¬ surance Society of the United States. , - Life tral ' ETC. ♦$40,000,000 America! Rolling Mill Co; 2%% ^O^year loan. . f"' Pur¬ Equitable Clark Witter & Co.; Edward L. Burton & Co.; Hayden, & Co.; J. A. Hogle & Co.; G. H. Walker & Co.; Auchincloss, Parker &' Redpath; The Illinois Co.; Bosworth, Chanute, Loughridge & Co.; Kirkpatrick-Pettis Co.i Perrin^'West^iiSt Winslowi Inc./'and Ure, Pett :8c ; with Society of the United States. Blair 8c Co.; Writer Co.;/ Wheelock Waggoner, > Allyn & Co., inc.; Bacon, Whipple 8c Co.; Baker, Watts 8s Co.; A. G. Becker & Co., Inc.; Blair & Co., Inc.; William . Marache & Lord; Peters, privately Purpose, working capital, expansion, etc. Price, and interest. Offered by Kuhn, Loeb & Co.; A. C. 1976. Hirsch 8c Co.; Ingalls 8c Snyder; Inc.; Placed RUBBER $40,000,000 United Metropolitan St. Louis Co., 8c Co.; LAND, BUILDINGS, ETC. refunding.- pose, Co.; The Illinois Co,; & *$610,000 Diversity Building Corp. 1st mortgage 20-year loan. - , Pomeroy, , mortgage bonds!; interest. and Co.; >& Scranton , iy Dean Purpose, privately ? insurance companies and other financial institutions. 7 *30,000,000 International Telephone & Telegraph Corp, 15-year 3% ^ i> sinking fund debentures due May 15, 1961. Purpose, re•4 funding. Sold privately to Metropolitan Life Insurance (* Co.; The Equitable Life Assurance Society of the United 0' ' States; The Connecticut Mutual Life Insurance Co.; '<• f Salomon Bros. 8c Hutzler; Schoell¬ inc.; Schwabacher & Co.; Shields & Co.; Singer, Deane & Scribner; Smith, Barney & Co.; William R. Staats Co.; Starkweather & Co.; Stern Brothers 8c Co.; Stix :& Co.; Stone & Webster Securities Corp.; Stroud & Co. Inc.; Sweeney, Cartwright & Co., Inc.; Swiss American Corp.; Spencer Trask & Co.; Tucker, Anthony & Co.; Union Securities Corp.; G. H. Walker & Co.; Watling, Lerchen & Co.; Weeden & Co., Inc.; White, Weld 8c Co.; Whiting, Weeks & Stubbs; The Wisconsin Co.; Dean Witter 8c Co.; Harold E. Woods & Co., and Yarnall & Co. W. Chas. Miller , *14,725,000 Indianapolis; Water Co. 2%% Inc.; H. Co.; kopf, s Hutton Co., Inc.; Eastman, Dillon & Co.; Glore, Forgan & Co.; Goldman, Sachs 8c Co.; Harriman Ripley 8c Co., Inc.; Kidder, Peabody 8c Co.; Mellon Securities Corp.; Smith, Barney 8c Co.; Stone & Webster Securities Corp.; Union Securities Corp.; White, Weld & Co.; Blair & Co., Inc.; Coffin & Burr, Inc.; Harris, Hall & Co. (Inc.); F. S. Moseley & Co.; Paine, Webber, Jackson & Curtis; Shields 8c Co.; Tucker, Anthony 8c Co.; The Wisconsin Co.; A. B. Becker Co., Inc.; Central Republic Co. (Inc.); Laurence M. Marks 8c Co.; Whiting, Weeks 8c Stubbs; 1 - Adams and Co.; & L. F. Rothschild & Co.; * t sinking fund debentures, 2%% due Purpose, refunding. Price, 101.54 and interest. Offered by same bankers as offered the $45,000,000 27/a% with & Yantis 8c Co., Inc. 1966. bonds E. Co.; 32,000,000 Utah^ Power St Light Co. first mortgage bonds, 2%% : ; V series, due 1976. Purpose, refunding. Price, 101.50 and 1 f h Interest; ? Offered by The First Boston Corp*,; Blyth & V000,000 Illinois Power Co. , Allyn ' Gilman Cummins, Co.; Harriman Ripley & Co., Inc.; Kidder, PeaCo.; Lehman Brothers; Mellon Securities Corp.; Union Securities Corp.; White, Weld & Co.; Harris, Hall & Co. (Inc.); Merrill Lynch, Pierce, Fenner 8c Beane; F. S. Moseley & Co.; Paine, Webber, Jackson 8c Curtis; E. H. Rollins 8c Sons Inc.; Spencer Trask & Co.; Central Republic Co., Inc.; Coffin 8c Burr, Inc.; Hallgarten 8c Co.; Hornblower & Weeks; '.W. E. Hutton 8c Co.; R. W. Pressprich 8c Co.; Tucker, Anthony & Co.; The Wisconsin Co.; Dominick &' Dominick; Hemphill, Noyes 8c Co.; Laurence M. Marks & Co.; G. H. Walker & Co.; Whiting, Weeks & Stubbs; First of Michigan Corp.; The Illinois Company; Putnam 8c Co.; Auchincloss, Parker & Redpath; Farwell, Chapman & Co.; Hayden, Miller 8c Co.; Kebbon, McCormick & Co.; Laird, Bissell & Mqeds; The Ohio Company; Chas. W. Scranton & CtQ-i. Starkweatheyi^COVj. Stein Bros. & Boyce; George p. B., BqHtjright'& Co,'; Boswirth, Chanute, Loughridge^ $t Co.; Butcher & Sherrerd; R. L.' Day & Co.; Clement A.' Evans '8c Co., Inc.; Fahey, Clark 8c Co.; Hawley, Shepard and Co.; J. J. B. Hilliard & Son; KirkPatrick-Pettis Company; Lamar & Kingston; Merrill, Turben & Co.; Maynard H. Murch 8c Co.; W. H. Newbold's Son 8c Co.;. Perrin, West & Winslow, Inc.;'Quail & Co.; Reynolds & Co.; William R. Staats Co., and Wurts, Dulles & Bender ; Stone 8c Webster Securities Corp.; ' ■ 7 1st mortgage bonds 2% % series due Purpose,:refunding^ Price, $102.54 and interest.: Offered by. The First Boston Corp.; Blyth 8c Co., Inc.; Eastman, Dillon & Co.; Glore, Forgan 8c Co.; Goldman, . •>tHf Co. 8c Christensen, Inc.; Putnam 8c Co.; F. L. Putnam Inc.; Reinholdt & Gardner; Riter 8c Co.; The Rob¬ inson Humphrey Co.; Schoellkopf, Hutton 8c Pomeroy, Inc.; Sterne, Agee 8c Leach; Stix & Co.; Walter Stokes ;8c Co.; Thomas 8c Co.; E. W. Thomas and. Co.; Wachob- 1976;: ■''•"'s ■>> Power nolds Co., , . & prich 8c Co.; & Corp.; G. H. .Walker & Co.;, The Wisconsin Co., and Dean Witter. & Co. - ; " 7v . H. Haupt land Securities $45,000,000 Illinois C. A. 8c Co. Marx 8c r My* Piper, Jaffray 8c Hopwood; R. W. Press¬ Putnam & Co.; Reinholdt & Gardner; Rey¬ Riter 8c Co.; The Robinson-Humphrey Co.; Rollins & Sons Inc.; Rotan, Mosle and Moreland; Fenn Co.; The Milwaukee Co.; Minsch, Monell 8c Co.; Mullaney, & Co.; Nashville Securities Co.; E. M. Newton 8c Co.; Alfred O'Gara 8c Co.; Otis 8c Co.; Patterson, Cope- Stein, Bros. 8c Boyce; Stix 8c Co.; Swiss American Corp.; Union Turben Ross Merrill, Turben 8c Co.; The Milwaukee Co.; Moore, Leonard & Lynch; Phelps, Fenn & Coi; Reynolds 8c Co.; Riter & Co.; Singer, Deane 8c Scribner; Smith, Barney 8c Co.; A,*, Inc.; Hornblower 8c Weeks; ■ ' "rj Masten Corp.; - 8c Co.; Stein Sweeney; Cart- Thomas Co., Co. 8c Charles The , '? Corp.; Service Co. first mortgage Purpose, refunding. Price, 102% and interest. Offered by Halsey, Stuart 8c Co. Inc.; Arnhold and S. Bleichroeder, Inc.; Baker, Weeks & Harden; Ballou, Adams & Co., Inc.; Bear, Stearns & Co.; A. G. Becker 8c Co. Inc.; Blair 8c Co., Inc.; William Blair & Co.; Boettcher and Co.; Burr & Co., Inc.; H. M. Byllesby and Co., Inc.; Clayton Securities Corp.; Coffin & Burr, Inc.; Courts 8c Co.; R. L. Day 8c Co.; Dempsey & Co.; R. S. Dickson & Co.; Clemont A. Evans & Co., Inc.; The First Cleveland Corp.; First of Michigan Corp.; Clark, Dodge '8c Co.; Julien Collins Co.; "? Suburban Water Co./ 15-yeaf l serial, notes (0.50 %-2.50%), due $50,000 semi-annually beginning Dqc. 1, 1946. Purpose, refunding.; Sold privately through & Co.; Courts Co.; R. S. Dickson & Co., Inc.; Dominick , ' i' ■ 23,500,000 Seranton-Spring Brook Water bonds, 27/8% series, due 1976. by Harriman Ripley & Co., Inc.; Alex. Brown & Sons? A. C. Allyn and Co., Inc.; Bacon, Whipple & Co.; Barret, .Fitch; & Co., Inc.; A, G.,Becker & Co„ inc.;- . 8c Co.; McDonald 8c Co.; Mellon Securities Merrill Lynch, Pierce, Fenner & Beane? Merrill,, & Co.; Metropolitan St. Louis' Co.; The Mil¬ waukee Co.; Moore, Leonard 8c Lynch; F. S. Moseley & Co.; Maynard H. Murch & Co.; Nashville Securities Co.; Newhard, Cook & Co.; The Ohio Co.; Pacific Northwest Co.; Paine, Webber, Jackson 8c Curtis; Phelps, / i/ A. E. 77;v 7 &; Co., Horn- Johnson, Lane, Space and Co., Inc.; Johnston, Lemon & Co.; Kalman & Co., Inc.; Kean, Taylor & Co.? Kebbon McCormick & Co.; Kidder, Peabody 8c Co.; KirkpatrieKPettis Co.; Kuhn, Loeb &-Co.; Ladenburg, Thalmann & Co.; Laird, Bissell 8c Meeds; W. C. Langley & Co., Lee Higginson Corp.; Lehman Brothers; Carl M. Loeb, Rhoades <& Co.; Laurence M. Marks & Co.; Mason-Hagan, inc., : §! Hayden, Stone & Co.; Hemphill, Noyes Herrnian & Co.; J. J. B. Hilliard & Son 8c Weeks; W. E. Hutton & Co.; The pnoiTsJ^* blower . Offered by Halsey, Drexel Offered ' ; - *1,500,000 Philadephia 5erles N 2%% 1st refunding mortgage sinking fund bonds due 1981. Purpose, refunding. Price, 104.50 and interest. < '"I, Co.; Henry & Pomeroy, Inc.; Weeden 8c Co., Inc.; Wertheim & Co., and Fi S. Yantis 8c Co.,,Inc.^ v.;.-47 w, The ■ > & Dempsey & Co.; Gregory & Son, Inc.; Hallgarten & Co.; Ira;Haupt & Co.; Hayden, Stone & Co.; The Illinois Co.; Ladenburg, Thalmann & Co.; Mullaney, Ross & Co.; Otis & Co.; R. W. Pressprich & Co.; Schoellkopf, Hutton Milwaukee Co.; Mullaney, Ross 8c Co.; Perrin, West & Winslow, Inc.; Stein Bros. '8c Boyce; Townsend, Dabney ; & Tyson,, and Tucker, Anthony & Co. . . ' ,0 ,-i(^ Starkweather American Swiss Co.; Blair & Co.; Burr & Co., Inc.; Central Republic Co. v Offered Brothers; , Boyce; Stlx 8c Co.; Sutro 8c Co.; & 1% to 1.90%, according to maturity. . W,Hemphill, Noyes & Co.; Kuhn, Loeb & Co.; Lee Higginson -«• Phelps, Fenn 8c Inc.; Stuart V*:7,-:7:7;'7.y7 1st 19761 & Winslow, Scribner; 8c Deane & wright and general mortgage bonds Purpose, " refunding, ? Pricey by Harriman Ripley & Co., Inc.; Drexel 8c Co.; Estabrook & Co.; The First Cleveland Corp.; Graham, Parsons & Co.; Hayden Miller 8c Co.; 102 ^ - ; Townsend, Dabney & Tyson; Walter-Webb 8c Co.; Wat-ling, Lerchen & Co.', and Wurts, Dulles & Co. sv..6,000,000 Ohio Public Service Co. serial notes (1,30%-3%), due 1947-1956. Purpose, refunding. Priced, to yield from , Hancock Mutual Life Insurance Co. singer, ,;;7 , > *->* r ■ *500,000 Arkansas-Missouri Power Corp. 1st mortgage bonds, series B 278% ; due June 1, 1976. | Purpose, to liquidate bank loan. Price, 101.52 and interest.. Sold privately to John ■#, Co.; Co.; Putnam 8c Co.; Reynolds & Co.; Robinson-Humphrey .Co.; Salomon. Bros. -8c Hutzler;; Scott & Stringfellow; Chas,' W. Scranton 8c Co.;: Sills,. Minton 8c Co.,; Inc.;? , ' ; > ' 7 West Perrin, 8c Co.; ! < co., xt. worthy & Co.; Equitable Securities Corp.; Estabrook <ss Clement A. Evans & Co. Inc.; Fahey, dark & Li0 . Fauset, Steele & Co.; The First Boston Corp., First ox Michigan Corp.; Folger, Nolan Inc.; Glore, Forgan & co., Graham, Parsons & Co.; Green, Ellis & Anderson, garten 8c Co.; Harriman Ripley & Co., Inc.; Harris, wau ■ & Co. (Inc.); Hawley, Shepard and Co.f Hayaehr"pi"|er, 1 - ■. ' . , William R. Staats Co.; Stein Bros. & Boyce; Stone & Webster Securities Corp.; Stroud & Co., Inc.; Swiss Ameri| can Corp.; Tucker, Anthony & Co.; Union Securities Corp.; G. H. Walker & Co.; Weeden & Co., Inc.; White, Weld * * 1976. due . - , 8c 1, institutions 32,000,000 Ohio "7:,;i:7 series, Dick & P^minick 8a Co.; J. M. Dain 8c Co.; R. L. Day & Co.. Merle-Smith; Dillon, Read & Co. Inc., Dominick; Drexel 8c Co.; Francis I. du Pont, 811 • 1964. Purpose, refunding. Placed/privately through Auchincloss, Parker 8c Redpath. £ Public Service Co. first mortgage bonds,- 2%% May with 1940 Monday, July 8, THE COMMERCIAL & FINANCIAL CHRONICLE 1 < < > , 1 v Bacon, Whipple & Co.; R. S. Dickson & Co., Inc.; Riter \77 & Co.; The Robinson-Humphrey Co.; Chas. W. Scranton , {Volume 164 Number 4505 THE COMMERCIAL & FINANCIAL CHRONICLE Co.; Baker, Watts & Co.; Bond As Goodwin Inc.; Bosworth, Chanute, Loughridge As Co.; Farwell, Chapman As Co,; J. J. B. Hilliard Ac' Anderson; Grubbs, Scott & Co.i Hallowell, Sulzberger & Co.; Hannahs, Ballin & Lee; Hawley, Shepard & Co.; W. E. Hutton & Co.; The Illinois. Co.; Johnston, Lane^ Space and Co.; Inc.; Johnston, Lemon is Co.; KirkpatrickPettis Co.; Kuhn.Loeb is Co.; Laird, Bissell & Meeds; Mackall & Coe; A. E. Masten & Co.; McCourtney-Breckenridge & Co.; McDonald & Co.; Minsch, Monell & Co.; Moore, Leonard & Lynch; Mullaney, Ross & Co.; W. H. Newbold's Son 8s Co.; Newhard, Cook & Co.; Pacific, Northwest Co.; Phelps, Fenn & Co.; Putnam & Co.; Reynolds & Co.; Robinson-Humphrey Co.; L. F. Roth¬ schild At Co.; Salomon " Bros. 8s - Hutzler;' Schoellkopf, Hutton & Pomeroy, Inc.; Schwabacher & Co.; Scott & Stringfellow; Chas. W. Scranton & Co.; Singer, Deane & Scribner; Starkweather 8s Co.; Stein Bros. & Boyce; Stix Az Co.; Sutro & Co.; Sweney, Cartwright 8s Co.; Swiss American Corp.; Thomas & Co.; Townsend, Dabney As Tyson; Walter-Webb & Co.; Watling, Lerchen & Co.; Weeden & Co., Inc.; Wertlieim & Co.; Wheelock & Cum\mitts, Inc.; Rarold E, Wood & Co.; Woodard-Elwood & Co., and Wurts, Dulles & Co. ^ & Son; Clifford J. Murphy Co.; Rauscher, Pierce As Co., Inc.; Auchincloss, Parker & Red4path; Ballou, Adams As Co., Inc.; H. P. Boynton As Co., ■ Inc.; Alex. Brown & Sons; Chace, Whiteside As Warren, Inc.; First of Michigan Corp.; Gordon B. Hanlon & Co.; Kirkpatrick-Pettis Co.; F. L. Putnam As Co., Inc.; Reinholdt As Gardner; George D. B. Bonbright & Co.; Richard W. Clarke Corp., and Harold E. Wood As Co. 10,467,296. Central Maine Power Co. 373,832 shares of common stock Purpose, irefunding. " Price, $28 per share, is (par $10). Offered to i Unsubscribed < i ••/• •{'<- •' . ?" r:<- , '• ! j J ^ stock. common ' t v - ! > Corp.; Charles I**-"- Co.; j H. Gilman & Co.; P. L. Gordon Hanlon B. Reinholdt Kirkpatrick-Pettis Co.; Putnam As Co., As Gardner; George D. B. Bonbright & Richard W. Clarke Corp., and Harold E. Wood & Co. J. j ; , ,; , ; *2,750,000 Philadelphia Co.; Chas. W. Scranton As Co.; R- L. Day As Co.; Weeden As Co., Inc.; Bacon, Whipple & Co.; R. S. Dickson As Co., Inc.; Phelps, Fenn & Co.; Riter As Co.; The Robinson-Humphrey Co.; Baker, Watts & Co.; Bond & Goodwin, Inc.; Bosworth, Chanute, Loughr^ge As Co.; Farwell, Chapman & Co.; J. J. B. Hilliard As Son;* Clifford J. Murphy Co.; Rauscher, Pierce As Co., toe.; ^Auchincloss, Parker As Redpath; Ballou, Adams As Co.;- Inc.; H. F. Boynton. . & Co.,-'Inc.; Alex./Brown As S°ns; Chace, Whiteside & Warren, Inc.; First of Michigan j .i J and '>',Putnam & Co.; The Illinois , - J' I preferred Blair & Co., Inc.; F. S, Moseley & Co.; Paine, Webber, Jackson & Curtis; Whiting, Weeks As Stubbs; Baker, Weeks & Harden; Maynard H. Murch As Co.; Cooley Az Company; Maine Securities Co.; * , j ' 6% offered -Inc.; The Wisconsin Company; , t , i*. of shares by First Boston Corp.; Stone As Webster Securities Corp.; H. M. Byllesby and Co., Inc.; Harris, Hall Ac Co. (Inc.); H. M. Payson & Co.; E. H. Rollins As Sons Inc.; Schoellkopf, Hutton As Pomeroy, } l't holders preferred 5 V4, 4,412,538 & Inc.; Co.; power & Light Co. 100,000 shares of 4% cumulative preferred stock (par $100)..Purpose, refundlngL Price, $115 per share and dividend. Offered In exchange for S'A% preferred stock. Unexchanged shares offered by Otis As Co.; Bache & Co.; Baker, Watts & Co.; The Bankers Bond Co.; Baum, Bernheimer Co.; Barret Fitch As Co., Inc.; Jack M. Bass & Co.; Bioren & Co.; Brailsford & Co.; G. Brashears & Co.; Brooke, Stokes As Co.; Brooke, Tindall & Co.; K. J. Brown & Co.; Buckley Brothers; Bullington-Schas As Co.; Burr As ComPany. Inc.; Frank B. Cahn & Co.; Campbell, McCarty As Company, Inc.; Clayton Securities Corp.; N. Leonard Cohen As Co.; Collin, Norton & Co.; Homer Collins As Co.; Cooley As Company; Courts As Co.; Cray, McFawn As Co.; Dempsey As Company; Dempsey-Tegeler As Co.; Dittmar As Co.; Wm. F. Dowdall & Co.; Doyle, O'Connor & Co., Inc.; Clement A. Evans As Co., Inc.; Ferris As Co., Inc.; Pos.t®r & Marshall; Friedman, Brokaw Ac Samish; Glover; As MacGregor, Inc.; W. D. Gradison As Co.; Green, Ellis « Anderson; Hamlin & Lunt; Ira Haupt & y *. ' r t i i i J J 1 i J • J J J f -' j I * j Co.; As , i ( 1 . Lemon & Co.; Kinsley Inc., Walter 5 S0,; Scott Co.; and $111,709,611 Price, $31 per share, Offered for subscription to common stockholders. Un¬ subscribed-shares offered by Otis' & Co.; Bache & Co • h Raker,';-Watts- As Co,; The Bankers Bond Co.; Baum' ' Bernheimer ? £0"' Tindall & Co^ Barret Fitch & Co., Inc:;-Jack M. Bass ? & Co•, Inc-' Bioren & Co.; Brailsford IRON, STEEL, COAL, Clement A. mon Haupt & Co.; Chas. M. Henderson Co & -• O'Gara Co.; • b. - 1 - ■ & Co., Inc.; Goodwin, Inc.; ,0 v, . Co., ' / . \ t cumulative Purpose, acquisi¬ Manufacturing Co. 100,000 shares of (par $1). Purpose, payment of mortgage bank loan and other corporate purposes Price, $3 per share. Offered by F. H. Koller pay Co., Inc. \ (see above). ' -* (par 50 share. Price, $102,625 per share and div. Applegate; " ;f i, ! V ' Dick Kf. b J I . A. Aub 75,267 Co.; of shares vV & ; " . Weil As Arnold,] and McAlister, Smith As 184,712 Gerotorv; May > $1). • • of shares of stock common machinery, plants, share of class A and • Screw etc. (par $1). Price, share of one Corp. 34,365 shares of capital » shares underwritten Equipment .. • * ($620,000), share • ^ 1 , stock (par Purpose, general corporate purposes. Price, $5.37% Offered for subscription to stockholders. 6,665 shares offered by Frederick S. Robinson Ac Co, „ Hydraulics,. Inc/'/ 88,000 shares of common stock cents). Purpose, acquisition, purchase of machinery, etc. Price,. $3.37% a share. Offered by Townsend, Graff As Co. /-cv':'; 297,000 Greer . , (par 50 200,000 Harvill Corp. 100,000 shares of common stock (par $1). : 1 Purpose, working capital. Price,] $2 per share. Offered to stockholders. $11 common. preferred Purpose, per unit ;, _ -' Offered stock etc. shares (par Price, common by G. H. of 4J/a% $50). - $52 finance share. Offered stockholders. and & Walker & Co. Corp. Offered Co4, and Grubbs, Scott As Co. Equipment Corp. (par $2.50). Purpose, 20,000 i etc. :vY- ... ^ ~ ^ common stock Price,' $24.50- per A-!i • series prepay A (par $100). promissory Purpose, note, J i. ' cumulative refunding working capital Price, par and dividend. Offered by A. G. Becker As Co., Inc.; Eastman, Dillon As Co.; Glore,. Forgan ($4,017,000). 8s Co.; Harriman Ripley As Co., Inc.; Henry Herman As Co.; Hornblower As Weeks, Kidder, Peabody As Co.; Ladenburg, Thalmann As Co.; Lehman Brothers; Merrill Lynch, Pierce, Fenner As Beane; Riter As Co.; Smith, Barney As Co.; Stone As Webster Securities Corp.; Union Securities Corp.; Wertheim As Co., and Kuhn, Loeb Az Co.. 1,125,000 Hytron Radio & Electronics Corp. 125,000 shares of com;^/-,;/^://v'mon stock (par $1). Purpose, working capital. Price, $9 per share. Offered by Her rick, Waddell As Co.* Inc.; /V Mann As Gould; R. H. Johnson As Co.; Amott, Baker As [ • '' Co.; Brush, Slocumb As Co.; Maxwell, Marshall As Co.; Sutro As Co.; Friedman As Co.; Reinholdt As Gardner; ...J .Stirling, Morris As Bousman; State Investment Co.; Clajp^ ton Securities Corp.; J. H. Goddard As Co.; Link, Gorman Co.; Hall, Tattersall As Co.;: Newburger As Hano; Dempcey-Tegeler As Co.; A. M. Kidder As Co.; McDonald As Co.; ' -■ shares- of additions, O / by Central Republic Co. (Inc.); Reynolds & Co.; Lee Higginson Corp.; A. C. Allyn and Co., Inc.; Bacon, Whipple & Co.; Dean Witter & Co.; 'Julien Collins & Co.; Ball, Burge & Kraus; Merrill, Turben 490,000 Aro , Unsubscribed 30,000 shares of cumulative preseries (par $50). Purpose, refunding additions, etc. ($880,000).- Price, $51.50 per div. ;/v: - Purpose, per t cumulative stock ($4,983,000), ; fi (;v•;^^ 21,550 Co. preferred purchase of plant, for subscription to 1,500,000 Aro .'-.A Co., Inc. per share. • 9,000,000 Heyden Chemical Corp. 90,000 shares of 3%% Xprnferred stock 4%%- & Co.; Elkins, Morris & Co.; Fauset, Steele & Co.; The v -r stock common cents). Purpose, general funds. Price, $3 per Offered by Amos Treat As Co.; Irving J. Rice As . - C. Trust Co. of Lincoln, Neb.; Folger^ Nolan Inc.; Foster & Marshall; Graham, Parsons & Co.j Green, Ellis 100,000 one convertible Cooley & Co.; Cruttenden & Co.; R. L. Day & Co.; 8s Merle-Smith; Drexel & Co.; Francis I. du Pont First and by Reynolds & Co. Whiteside 8s Warren, Inc.; Chaplin & Co.; E. W. Clark & Co.; Cobbey, Shively Ac Co.; C. C. Collings and Co., inc.; - Corp.; A. E. J , . . 1,077,500 American by Mellon Allyn and Co., Inc.; Geo. G. Co.; Baker, Weeks & Harden; Barrett, Fitch & Co., Inc.; Bear, Stearns Ac Co.; Blair 8s Co., Inc.;'Blytn & Co., Inc.; George D. B. Bonbright 8s Co.; H. F. Boynton & Co., Inc.; J. C. Bradford & Co.; Brush, Slocumb & Co.; Caldwell Phillips Co.; Chace, Securities 1 % ' purchase Offered ' 400,000 General Controls; Co. 10,000 shares of common stock (par $10). Purpose, working • capital, Price, $40 per Share. Offered by Wagenseller As Durst, Inc. , of 15,630,000 Ohio Public Service Co. 156,300 shares of 3.90% cumular?v-T \ y^'-tive preferred stock (par ? $100). Purpose, refunding. ^ - , t \ ... 225,801 Fleetwood-Airflow, Inc. Spring $1,100,000 Air Products Inc. 100,000 shares of class A stock (par $1) ing. Price, $103.50 per share and div. Offered by same bankers as offered the $34,500,000 .lst mtge, 27/a% bonds \ „ 4% r?> 668,720 Firth Carnet Co, 33,436 shares of common stock (no pav). Purpose, working capital, etc. Price, $20 per share* Of¬ fered by Reynolds As Co.; Gillen As Co.; Ball, Burge As Kraus; Bateman, Eichler As Co.; Alex. Brown As Sons; v Central Republic Co, (Inc.); Laurence M. Marks 8s Co.; The Ohio Company; Sutro As Co.; Walston, Hoffman & Goodwin; J. C. Bradford As Co.; Johnson, Lane, Space As Co., Inc.; R. H. Johnson As Co.; Kay, Richards As Co.; Loewi As Co.; Henry C. Robinson As Co., Inc.; Allan L» Melhado; Peltason, Tenenbaum Co., and Smith, Hague ; t of Central Price, $11 per share. Offered by Van Alstyne, Noel is Co.; Kobbe, Gearhart & Co., Inc.; Amott, Baker is Co., Inc.; Bear, Stearns is Co.; 'W. H. Bell is Co., Inc.; Bioren As Co.; Boettcher and Co.; George D. B. Bonbright & Co.; J. C. Bradford & Co.; Brooke, Stokes & Co.; Buckley Brothers; Bull, Holden & Co.; Butcher & Sherrerd; Clay¬ ton Securities Corp.; E. W. Clucas As Co.; Coburn As Mlddlebrook; Cohu As Torrey; George R. Cooley As Co., Inc.; Courts As Co.; Doolittle, Schoellkopf 8c Co.; Francis I. du Pont & Co.; Joseph Faroll & Co.; Fusz-Schmelzle & Co.; Gordon Graves and Co.; Grimm & Co.; Hall, Tattersall As Co.; J. B. Hanauer As Co.; Hancock, BlackStock As C6;;v'HanrahaftAs Co.; Ira Haupt As Co.; Hegeman Co'.:;Hirsch As Co.; R./R. Johnson As CoXJohnson, Lane, 'Space. & Co., Inc.; Johnstpn, Lemon As Co.; Robert C. Jones As Co.; A. M. Kidder As Co.; John Kormendi Co.; McAlister, Smith A: Pate, Inc.; MacColl, Fraser As Co.; A. E. Masten As Co.; Mead, Irvine As Co.; Berwyn T. Moore As Co., Inc.; Newburger As Hano; Newhard, Cook As Co.; Paul As Co., Inc.; Pitman As Co.] Inc.; Frederick S. Robinson As Co:, Inc.; Herbert W. Schaefer As Co.; Schoellkopf,,. Hutton As: Pomeroy,; Inc.;. Sidlo, Simons, Roberts As Co.; Frank S. Smith As Co,, Inc;; Stein Bros. As Boyce; Straus As Blosser; Charles A. Taggart As Co.; Taussig, Day As Co., Inc.; Edward A. Viner As Co., and White As Co. accessories OTHER INDUSTRIAL AND MANUFACTURING refund¬ Co.; , ' - 12,500,0p0 Jersey Central Power A Light Co.: 125,000 shares \Z cumulative preferred stock (par $100). Purpose, Dempsey Inc.; & , $6,300,000 . 8c Cantor G. ^ H V'V'' ' i B. 4,675,000 (Allan B.)' Du Mont Laboratories, Ino. 425,000 shares of class A common stock (par 10c.). Purpose, expansion. (par $10). $10 per share. Offered by ;Wm. J. Mericka Goshia 8s Co.; Straus & Biosser; Dempsey- Steel Emerich Ames, Emanuel, Deetjen As Co.; Van Alstyne, Noel is Co.; & . com¬ Co. 100,000 shares' of 4%: con¬ vertible preferred stock (par $50). Purpose, expansion of facilities. Price, $52.50 per share. Offered by Gold¬ man, Sachs & Co.; Ball, Burge 8s Kraus; Betts, Borland & Co.; Blyth & Co., Inc.; Clark, Dodge & Co.; Paul H. Davis 8s Co.; Dempsey-Tegeler & Co.; Elkins, Morris & Co.; FarwelV Chapman As Co.; Fauset, Steele As Co.; Glover As MacGregor, Inc.; Grubbs, Scott As Co.; Hayden, Miller & Co.; Hemphill, Noyes 8s Co.; Kay, Richards & Co.; Kidder, Peabody & Co.; Lehman Brothers; Carl M. Loeb, Rhoades & Co.; A. E. Masten 8s Co.; Moore, Leonard & Lynch; Newhard, Cook 8s Co.; Piper, Jaffray 8s Hopwood; Reinholdt & Garner; Shields & Co.; Singer, Deane & Scribner; Union Securltes Corp.; G. H. Walker & Co.; watling, Lerchen 8s Co., and The Wisconsin Co. & ? Offered by Kobbe, Gearhart & Co. > >1! i!;'.-! i' S ■ ■= v; stock 5,000,000 Standard Peters, . - Wm. C. Roney & Co.; Moreland & Co.; Co.; ■ Gottron, Russell & Co.*; Green, and Bradbury-Ames Co. ($177,150). & • common. I' ' { Co.; (6322,850), cumulative preferred stock (par $5) and 120,000 shares stock (par lc.). Purpose, expansion, working Price, $5 per unit of one share of preferred and i Christier& common Co.; Neal is Waggoner. & , 2,395,174 De Vilbls Co. of Toledo, 104,138 shares of common stock (par $5). Purpose, refunding ($525,000), additions, work¬ ing capital, etc. ($1,870,174), Price, $23 per share. Offered by Laurence M.t Marks &' Co.; .Ball, Burge & Kraus; ^-.,1 Reynolds & Co.; Kebbon, McCormick & Co.; Paine, Web¬ ber, Jackson & Curtis; Collin, Norton & Co.; McDonald & Co.; AUen C.; Ewing & Co.; Grubbs, Scott As Co.,-and Stern, Frank is Meyer. ... 1 - • ' COPPER, ETC. stock . McDonald & Co. "v 300,000 Brandt-Warner , & ■ v. Erb 8s Co., Co.; Park-Shaughnessy & Co.; H. O. Writer & Christensen, Inc.; Priester Co^; E. H. Pringle & Co.; F. L. Putnam & Co., Inc.; The Ranson-Davidson Co., Inc.; Reinholdt & Gardner; Riley & Cp.; The Robinson-Humphrey Co.; Rotan, Mosle & Moreland, Inc.; Dallas Rupe & Son; Russ & Company; Scherck, Richter Co.; Scott, Horner 8s Mason, Inc.; Seasongood & Mayer; Sidlo, Simons, Roberts & Co.; Sills, Minton & Co., Inc.; Smart & Wagner, Inc.; Smith, Ramsay & Co.; State National Securities Corp.; Sterne, Agee & Leach; Stix & Co.; Straus & Blosser; Newton Todd; Vercoe & Co.; Vietor, Common, Dann & Co.; Webster & Gibson; Weil 8s Arnold; Westheimer & Co.; Harold E. Wood & Co.; Woolfolk Huggins & Shober, and Wyatt, Peet & Price, Co., Inc.; Tegeler Milhous, Martin & McKnight, Inc.; Berwyn T. Moore & Co., Inc.; Mullaney, Ross & Co.; Nashville Securities Co., Inc.; Nelson, Browning & Co.; Alfred preferred tion. & & Co.; Hendricks & Eastwood, Inc.; Hickey & Co.; Hill & Co.; J. H. Hilsman & Co., Inc.; Hincks Bros. & Co., Inc.; Johnston, Lemon & Co.; Kinsley j, & Adams; Kirchofer & Arnold, Inc.; Walter Koppelman; Loewi & Co.; MacNaughton Greenwait & Co.; McDonald-Moore & Co.; Albert McGann Securities Co., Inc.; Mackubin, Legg & Co.; Marx & Co.; Mason, Moran & Co.; Maxwell, Marshall & Co.; R. M Mayerstein Co.; Mead, Irvine & Co.; Gordon Meeks & Middendorf convertible 1 burger is Hano; Sills, Minton is CO., Inc.; Walston, Hoff¬ man & Goodwin; Weil & Co.; Growney & Co.; Herzfeld & Stern; Mendoza Y Salazar; Sutro Bros. & Co.; E. W. Clucas 8s Co.; Blair F. Claybaugh & Co.; Ira Haupt & Co.; R. C. Jones is Co.; Wm. J. Mericka & Co,j and Donald Young & Co.. 142,500 Decker Manufacturing Co. 57,000 shares of common stock (par $1). Purpose/-']; acquisition, working capital, etc. Price, $2.50 per share. Offered by Lytle & Co. and C. G. $1,000,000 BIngbain Stamping Co. 100,000 shares of 5% • Kidder & Co.; M. National Corp.; Courts 8c Co.; Francis I. du Pont & Co.; First Colony Corp.; M. M. Freeman & Co., Inc.; New- . Purpose, completion of construction Price $1. Offered by Tellier As Co. and A. common Bond (no par). motors ' is Co.; $950,000 Company, Inc.; Ferris & Com¬ pany, Inc.; Foster & Marshall; Friedman, Brokaw & Samish; Glover & MacGregor, Inc.; W. D. Gradison & Company; Green, Ellis & Anderson; Hamlin & Lunt; Ira Co., Inc.; Offered by Hirsch & Co.; Allen & Co.; Jacques Coe & Co.; ' stock 8c 192,500 Compania Litografica De La Habana, S. A. (Havana Lithographing Co.) 35,000 shares of common stock (par 10c.). Purpose, refunding ($101,500), purchase machine, working capital, etc. ($91,000). Price, $5.50 per share. Offered direct to public by company.. program, etc. . Kalman A , 500,000 Newcor Mining & Refining, Ltd. 500,0b0 shares of Co., Evans & .-- New York. i:; Co.; capital. two shares of 'V Co. 75,000 shares of common stock (par $1). Purpose, pay loans, purchase equipment, working capital. Price, $2 per share. Offered by Frank L. Porter, j; 200,000 shares of $1.20 cumulative preferred convertible of brown Mining 150,000 Golden ' 300,000 Ceraseal Chemical Corp. 60,000 share's of 6 % Mines, . Inc. 300,000 .shares of common stock Purpose, general corporate purposes. Price, $1 per share. ;-V & Stubbs. : (par $1). Brashears & Co.; Brooke, Stokes & Co.; Brooke, Co.; K. J. Brown & Co.; Buckley Brothers; Bullington-Schas & Co.; Burgess & Leith; Burr & Co., Inc.; Frank B. Cahn & Co.; Campbell, McCarty & Co., Inc.; Carmen & Co., Inc.; Clayton Securities Corp.; N Leonard Cohen & Co.; Collin, Norton & Co.; Homer Collins & Co.; Cooley & Co.; Courts & Co.;-Gray, McFawn & Co.; Dempsey & Co.; Dempsey-Tegeler & Co.; Dittmar & Co.; Wm. F. Dowdall & Co.; Doyle, O'Connor & Inc.; " & Co.; $300,000 Christina Price, $6 per capital. & Co.; Mackubin, Legg & Co.; Mason, Moran Jb Co.; Maxwell, Marshall Az Co.; Minsch, Monell Az' Cbi; Moore, Leonard & Lynch; Nashville Securities Co.; The Ohio Company; Scherck, Richter Co.; Singer,'Deane'& Scribner; Stifel, Nicolaus & Co., Inc.; Straus is Blosser; Suplee, Yeatman 8c Co., Inc., and Whiting, Weeks Js , of common working *1,900,000 (E. L.) Bruce Co. 19,000 shares of 3%% cumulative pre¬ ferred stock (par $100). Purpose, refunding ($1,400,000), general capital purposes ($500,000). Purchased by Shell Pension Fund and Shell Provident Fund, Lee Higginson Corp., agents. is . lfcPfk \n0. pa.r)* Purpose, refunding. t ; 283,000 Western Kentucky Gas Co/ 11,320 shares of 4.80% cumu¬ lative preferred stock (par $25). Purpose, refunding ($201,667), working capital, etc. ($81,333). Price, $26.50 per share and dividend. Offered by J. J. Hilliard & Son. Co.; Purpose, Offered by Cruttenden As Co. Lemon Union Electric Co. of Missouri 3,000'L 13,910, 130,000 shares of $3.50 preferred stock (no par). Purpose, refunding, i Price, mi $107 per share and dividend. Offered in exchange for old preferred shares. Unexchanged shares offered by Blyth & Co., Inc.; Lee Higginson Corp.; E. H. Rollins & Sons Inc.; Spencer Trask 8s Co.; Clark, Dodge & Co.; The Wisconsin Co.; The Ohio Company; Hawley, Shepard & Co,;; H. F. Boyntoft & Co., Inc.; :Kirkpatrick-Pettis ...... Co.* and Rotan, Mosle and Moreland. T ^ common with stock purchase warrants for common Purpose, working capital. Price, $25 per share. Offered by Blair & Co., Inc.; Cruttenderi" & Co.; Ames, Emerkh 8s Co., Inc.; Baker, Weeks & Harden; Butcher & Sherrerd; Cohu & Torrey; Courts & Co.; Dempsey-Tegeler & Co.; Francis I. du Pont A: Co.; A. G. Edwards and Sons; Burr Wisconsin ■SSj0!'&Pordon, Co.; Westheimer Gibson Inc.; Webster As Weil & Arnoid; Weish, Davis & 'K of Loewi Sons, Inc.; H. V. Sattley & Co., Inc.; Shields Stein Bros. & Boyce; Stroud & Co., Inc.; The Co.; Harold E. Wood Ac Co.; Wurts, Dulles Ae Co., and Yarnall & Co. & preferred ■ shares Emanuel, Deetjen & Co.; First California Co.; The First Trust Co. of Lincoln, Neb.; Hayden, Stone & Co.; Johnston, & Co.; Hallgarten & Co.;-Hallowell, Sulzberger & Harriman Ripley & Co., Inc.; Harris, Hall & Co. Hayden, Miller & Co.; W. E. Hutton & Co.; Rollins Simons, Roberts & Co.; Co., Inc.; Smart & Wagner, Inc.; Smith, Ramsay & Co.; State National Sees. Corp.; Sterne, Agee 6 Leach; Stix & Co.; Straus & Blosser; Newton Todd; Shades V — Jenks, Kirkland & Co.; Kidder, Peabody & Co.; Kirk¬ patrick-Pettis Co.; W. C. Langley & Co.; Lazard Freres Co.; Moore, Leonard & Lynch; F. S. Moseley is Co.; Perrin, West & Winslow, Inc.; Reynolds & Co.; E. H. ■„ v stock. Co.; S3. K. Cunningham is Co., Inc.; Dominick; Drexel & Co.; Estabrook & Co.; Corp.; Green, Ellis & Anderson; Grubbs, & the offered as 100,000 stock (par $25) Hampshire New Corp. cents). stock (par $1). - "'V ■ share. is Sm'j Minton & ™<as?ng0£d~& Mayer? Sidlo, lv 4,431,977 Indlanapoli8 Power & Light Co; 142,967 of 50 .5,000,000 Bowser, Inc. (Inc.); Sills, & y.' s The First Boston Mason , Collins Dominick Hendricks Huggins & Shober, Co. (par Pipe 259,196 Barcalo Manufacturing Co. 31,116 shares of common stock (par $8.33). Purpose, expansion. Price, $8.33 per share, v Offered for subscription to stockholders. Underwritten ■'■■■ by local bankers. v:;r y 300,000- Bardwell & MoAlister, Inc. 50,000 shares of common 113,142 shares of common stock (par $10). Purpose, construction, exten¬ sion, etc, Price, $39 per share. Qffered by Kidder, Peabody & Co.; Blyth & Co., Inc.; Eastman, Dillon 8s Co.; Glore, Forgan & Co.; Goldman, Sachs & Co.; Merrill Lynch,- Pierce, Fenner & Beane; Wertheim & Co.; White, Weld & Co.; Central Republic Co. (Inc.); L. F. Rothschild & Co.; Hallgarten & Co.; Hornblower & Weeks; W. E. Hutton & Co.; Dean Witter & Co.; Folger, Nolan Inc.; Hawley, Shepard & Co.; Hill & Co.; Kebbon, McCormick & Co.; Schwahacher & Company; Stroud & Company, Inc.; Yarnall & Co., and W. H. Elmes & Co. Julien Co., Inc., Reinholdt & Robinson-Humphrey Co.; wvoff SiJ?Co': Woolfolk ' // 4 by same bankers foregoing). ; Briar Purpose, refunding ($24,396); pay bank loan, working capital, etc. ($200,604). Price, $2.25 per share.: Offered by B. C, Cantor & Co. . , Service Co. 100,000 shares of 4.10% cumulative preferred stock (par $100). Purpose, refunding. Price, $102.50 per share and dividend. Of¬ fered by Mellon Securities Corp.; A. C. Allyn & Co., Inc.; Geo. G. Applegate; Auchincloss, Parker & Redpath; Blyth & Co., Inc.; H. F. Boynton & Co., Inc.; J. C. Bradford & Co.; Alex. Brown & Sons; C. C. Collings and Co., Inc.; As Adams; vyyatt, Real is Waggoner.1 stock - 10,000,000 Scranton-Spring Brook Water Gardner, Riley & Co.; The Rotan, Mosle As Moreland Inc.; Pallas Rupe As Son; Russ As Company; Scherck, Richter Co;; Scott, Horner As r Public Service Koppelman; £» Rans<>n-Davidson . - shares of 3.65% refunding. Sold 53,248 shares of 3.35% cumulative preferred stock (par $100). Purpose, refunding. Price, $101.50 per share and dividend. Offered by Mellon Securities Corp.; Blyth & Co., Inc.; Alex. Brown 8s Sons; E. W. Clark & Co.; Drexel & Co.; Harriman Ripley & Co., Inc.; Kuhn, Loeb & Co.; Moore, Leonard & Lynch; E. H. Rollins & Sons, Inc.; Singer, Deane & Scribner; Stone & Webster Securities Corp.; Stroud & Co., Inc., and Spencer Trask & Co. n/ Kirchofer As Arnold, Loewi As Co.; MacNaughton Green wait As Co.; McDonald-Moore As Co.; Albert McGann Securities Co., Inc.; Mackubin, Legg As Co.; Marx & CoMason, Moran As Co.; Maxwell,.Marshall As Co.; R. M. Mayerstein Co.; Mead, Irvine As Co.; Gordon Meeks As Co.; Middendorf & Co.; Milhous, Martin As McKnight, Inc.; Berwyn T. Moore & Co.* Inc.; .Mullaney, Ross As Co.; Nashville Securities Co., Inc.; Nelson, Browning As Co. Alfred OGara As Co.; Park-Shaughnessy As Co.; Patterson, Copeiand & Kendall, Inc.; H. O. Peet & Co.; Peters, Writer As Christensen, Inc.; Priester As Co.; E. H. Pringle - i '•l'- 5,324,800 Scranton Electrle Co. Eastwood, Inc.; Hickey & Co.; Hill As Co.; J. H. Hilsman As Co., Inc.; Hincks Bros. As. Co., Inc.; Johnston ■■ Purpose $100L (par 27,500 Co. Water Offered (see 225,000 Art-Craft privately through Drexel is Co. 10,000.000 Indianapolis J Suburban stock share. ?stock 1 THE COMMERCIAL & FINANCIAL CHRONICLE H. G. Brunr & Co.*1and Wiley Y (par 50, ■ 'lleBH & Ci>„ inc.; wniter Co., H Electronic cents). acquisition working of 110,000 Industrial Y'VYY Machine mon" stock' (par Products, $1"). machinery, V re¬ ' ,*vi •" shares of working capital. 296,250 Oil Prospects, com- Wadsworth- && Co, $287,500' Archer class ^ share. Offered Gearhar.t & Co. by. ' Newburger subsidiary $1S ' . ; ($150,000), share. Per Unsubscribed . V A 900,000 Co., (F. and H.) for capital & stock Co. (no stock. by to Purpose, ,'Vh ,;.'. stockholders. Peabody ' •• • „ 36,000. shares of par). - of Price, Kidder, $1.50 . of facilities, etc. Price, $50* of Gardner; Smith, Moore- fic Co.; a**d Sti? fic Co. ReinholdJt fis 404,430 Midwest capital. Reclaiming (par $2.50). stock common ' . . 8,570,000' Minneapolis-Honeywell $2,404,430 '• ' . Regulator Coir 85,700 shares of 3.20% convertible preference stock, series A (par $100). Purpose, refunding. Price, $108 per share? Offered in exchange for 4% and 4(4% series B, C and D preferred stock. Unexchanged share underwritten by Union Securi¬ ties Corp; Alex* Brown & Sons; A ■ ■ stock cumulative Y:Y"Y.V pose,, » j Sons; f preferred bank loan of stock shares The Ohio H. (par ' $20). Co.; Sutro , (gar subscription Wisconsin to - Loewi Aircraft; Corp. 150,000 preferred stock (par $10)v 1 A Co., of and 4(4% ' v Purpose, The Mil¬ ^tock , JRobinsoxr & Co« - (;285,000 Prentiss-Wabers £*?*' J. per* . 1»400,0Q(P ; , -l. , of bank 'loans ' Price, of Purpose,, 11,000- shares: of general: corporate, f*1 ?er_~iaEe*, Offered ■ for subscription: v' ' Unsubscribed , shares offered JUOra, V ■.'!« .< -v^, ,.,.1,000,000 Samson.-United; Corp. 125,000' shares of 55 ~ cents * \ l. . cumula- - ; . c - Ml (par /; $t). PUFpes* - l^.OOO4 shares of - ■ Charles working- capital:i* PWce, Offef^^by achneider, Bernefc B» White & Co. y $10 l»2Q0,0OO. Super-Cold: ". $6)- i.r' Corp. Purpose, , r f . . ■ • stock (par Alstyne, Noel i fir Gardner,-and Newhard, preferred Cook fic Co; ' , 40,000 shares stock-(par 2,200,000 Utility Appliance Corp. Price, and ' of 4% cumulative Purpose, expan- $50)* par and; div* Offered by Kidder,. Peabody fic Co. 80,000 shares of ferred, stock, $1 dividend convertible Purpose, acquisition, etc. Price, $16,625 by Bateman,. Eichler fic Co.; Nelson cumulative series (par per share. pre¬ $15). J.Y r ,f. F / . (Par- $1). $5-25 per Purpose, share. additions, Offered by same preferred stock (see foregoing). i $60,410,363 ■ ; ' bankers : as etc. ' offered- The corporate by Alex. Brown the $100). Son; Shields .-(par. purposes. fic Sons; Rauscher, . . w Pierce i.>.y v>- ..■■ and' Stix fic Co. 5% fic SherrercL cumulative: series Purpose, extensions ; <t il * ' " ^ At preferred business itr - ; stock activities. stock div. (par $100)* refunding ($1,068,- Purpose; Blyth fie etc* ($-1,431,555)* ''Price; $103 per Offered, by Lehman: Brothers, Dallas Rupe fic Co., Inc.; Co. Walker and fic. Co.*^ ■iyy yy'yx Casualty $5). H. G. y f-y 50,000 shares of common stock investment, in securitiea Price, $14 Co. Purpose,- . •'.YYY' ,.y 'Bond fic Goodwin,, Inc.. Y';... M.) Radford ..cumulative share ' wood ; Y" Y: 'V. f;: of div. stock stock Go, (par 15,000 $50). of- predecessor. Offered by R-auscher, ; shares Price, 4'/2% of Purpose, finance $52.50 Pierce^ fic Co., per Inc.; DallM Rupe-fic Son; Dallas-Union-Trust Co.; Dittmar fic Co.; }. " and Grocery preferred acquisition 'Pvi 9?* kyi First SouthwestXo.; fic Co., Louis B. Henry; R. A. UnderInc.; Crummer fic Co., Inc. of Texas; William N. Edwards fic Co.;,: Sanders fic Newsom,, and Schneider, '"Bernet fic Hickman,. -.'■■■ :/;..yy,-i' .■ 7,750,006 TACA Airways, S.. A. 500,000 -shares of capital stock; -;v ;i (par $5). Purpose, payment of loans ($3,400,000), capital t r shares Mosle. and Moreiand; Salomon Bros. A f expenditures ($4,350,000)* Price, $15.50 per share. Offered :~Y' : Burn A - Y ; Emerich A Co., Inc.; Dempsey A Co., Inc.; Ames, Co*; Emanuel;. Deetjen*, A Co*; :Van; Alstyne-,' Noel A Co.; Bondr Goodwin*.: Inc:; /-'BYCLx^CkiitojK- A-Co.;- Centra) - ' , ' ' NationaL Corp.;. Courts A. Co.; Erancife L duPont fit Co.; First Colony, Corp^; M. M. Freeman A Co., Inc.; Newburger ""fit Hano; Sills, Mintonr A'.Chi, Inc.; Walston!, Hoffman A Y Goodwin-; Wei) A Co:; Growney. A Co.; Hbrzfeld A Stern; Y : Y." :; Maidoza If Salazar; Sutro Bros? A Co.; E; W. Clucaa !':-• -yL A Co.; Blair. F. Clayhaugh A Co.; Ira Hauptrfic Co.; R. C. ' >" "' v; " ' . Cov;, Wnt. & Merickat. A Co.;>and Donald Young A Jones ' ' A Co. ' .- V -..v > Companies; toe: 46,056 shares of common stock (par $2). Price*,. S12.25J per-share. Offered by Cruttenden A Co.; Knappc. A Co.,. and: First Trust Co* of Lincoln, Neb. 1,500,006 Davidson* Bros, toe;; 100,000 shares ot-common stock (par Y!" ' uy '$1). Price, $15 per shareij Offered by* Merrill Lynch, ; * 'v>yX „« pierce? Fenner.A Beane* and Baker, Slmonds A Co.* ^'r « iV Y1'' "129,175 Decker Manufacturing Co,. 55,6-70 shares of oommon stock (pat $t)i? Pricey$2-50 per uhare. Offeredi by Lytle A Co; h and C,. G-.' McDonald,fi» C®* fa-*.t,< Y 1.541,018 Revoo- A Raynoldo CO^Ylno. s 13,940? shares of class A stock, (par $12;50fc.jEtice*'.$38,87per'share. Originated V'j. -, withi Shields. A :Qob .?.Y 6:- -yy • Y -v ' >>- -> « 21,000 (Hemr.y) Disston Sorts, too, 30a sharw of capital stock. ( approximately) $70 per share. • .GRkred by Harri'Y'l':',:., Ripley. &> Cox, JnciY.;.*)/"?lYY'i j, Y* 1,831,286 Firthr Carpet?,Co. 91,564 shares.ot coramow stock (no par). Y 9:»-av.y™.Price*'$20. per sharer: Offered; by samo* bankers as offered 33,436 shares-being;'sold byr company '(see* above )7Y£YYf:Y ¥1 46,566 Fleetwoods Airflow, J Inc. 16,506 shares of common stock -/.(Pft»t 50o;).:Pricey $3 pen. shard*.' Offeretfc by Amos Treat I'. fii :Co,; .Irving, J< Rice. A C0i| Weil' A Arnold and McAlister,1 r564?,113 Curtis '' ; . . ■ • Smith-' A* COiflne-. i, w --t. ■ ; ,/ f548:597 (-Robert) - Gair. A Co.,-In&».50,969) shares of common stock vY L-XYrYv (par $1). Price," $10.75 per. share*.. Originated by Kidder, Peabody A Co. and Spencer Trask &r Co, . '* 1 > . ''A - . ' "255,000 GOnerat Machinery* Corp, 15,000 shaiea of common stbek (i»o?.. par)v Pricej1 $1T per share:,-..Offered by! Blyth A Co., - ;V'i—L'''-"" Inci :-?• ; » •, ^ r'' 236,762 General V s*.; . - *' "•'* " i. v'*" ' ' •' * " * l-; ;TfelephOne-Co*r. 5;147" shares of common stock Price, $46 per share1." Offered by Central '* $20). (par ;• Republic, Co. ?(Incr)-. , CC..D .O'.JI •> ys f Y.6.72,000 Ilalley Stores, too: 64,000* shares* of common stock (par YYV-v v V■:*'" $LL.-* Price?, $10.50 per share.- Offered",by Carl M. Loeb, Rhoades ^ r " A Co.. < ' *'. * "-'*' i! L670,500 Jay' Manufacturing Cav. 51,400 shares of common stock (par $1V Price, .$32.50 per share-. Offered by Hallgarten -7.^^ fii, Co.; K. W.. Pressprich. A Co.; Blyth A Co., Inc.; Lehman !y>y- ^^.::Brothers;' Mellon Securities Corp.; Smith, Barney A Co.; ■'.yyScy-yyi Shields A Co.; Paul. H. Davis, A Co,'; Singer, Deane A Y*.: ■■y->A ScribnerCarl-M. '■! y'YYy: Stringfell'ow.. ' :*v Loeb,. Rhoades t '■ A Co. -,Y and *.\ Scott A ,'*- Y". A 297,000 Knott. Corp, 9,00a shares of common stock (par $1). „,^;jr?-YV.:*- Price, $33 per. share. Offered by Reynolds & Co. .^.Y^ '<■« : . 325,000 L'Aiglore Apparel, Inc.:,50,000 shares- of common stock (par $1). Price* $6.56 per share* Offered, by Otis A Co. j : ggiM-iiJii|"|■»" 744,455 " ^ 787,500 ( J. Co. 891,000 Compania. Litografica De* La llabana S.-Ai* (Havana LitheY graphing Co.) 162,006 shares:of. common stock (par 10c.)► ;Y"Y ' " Y-.'"" .Price, $5.50 :perr. share*./ Offered - by* same bankers aft \Y- -Y offered: the: preffirretL stock (seei foregoing)i* * ^ * ■495,185 Compania Litografica De La Habana S. A". (Havana Litho'' *"'* '. graphing Cm)' 19:419s shares of 6% cumulative convertible preferred stock (par $25). Price? $25.50 per share. Of'Y". Y v Y feredl by Hirsch A Co.;j Allen. A Co.?: Jacques Coe A Co.; Geyer & Car. ■, ' -' Electric Caxtwright A Co.; Spencer Trask fir Co.; Tucker, Anthony & Co.;, Union Securities* Corp.Y Weeden & Co,, Inc.; Wheelock & Cummins; Inc.'and Yarnall A Co. - . ■ Y ' r 600,000 Public Flyers, Inc. 200,000, shares of common stock (par $1). Purpose, pay notes, purchase-of flight equipment, r,working capital, etc.-Price* $3 per share* .Offered by fr t Shields fic Co.; Skall, Josehp and Mijler;, Smith, Moore A CO. ;,'Stone & Webster Securities Corp:; Sweney Y . per share*. Offered, for subscription, to stockholders., '.TJnsubscribed shares offered by Herrick, Waddell'fit CO. and y-yy-'-y Ohio Southern & Lukensr Rotan, 5 bank, loans ■ -J ; per Hutzler; ? First Co., Purpose, de-Saint-Phalle fic Co., 700,000 Peerless Jy Price, offered Y-1 capital and Barret, Fitch .'ft ~ v, t-'J " 50,000 shares of 55c cumulative $5). (par aDd * betterments, ' * ... Offered for subscription shares fic increase working, capital, fic yy - v; retire preferred Offered Douglass fic Co: Co.,. Inc.; Pacific Co. of California; Maxwell, Marshall & Co.; Hill, Richards fic Co,; Harbison & Gregory; Bingham, Walter fic Hurry, and Crowell, Weeden & Co. j 420,000 Utility Appliance Corp*. 80,000 shares of common stock William: R, Staats. Co.;. First. California ^ .. * ... . y .y- share - sion,. working, capital". Hemphill, Noyes fic CO, .. •• • \ v Purpose, Brothers 445 Ir 60,000- shares of 4%^ cumulative constocle (par $50)* Purpose, refunding ($1,418,340), oonstruction, acquisition; etc., ($1,581660) Price, $51 per share and div. * Offered byv W. E. Huttori Co.; Paul H. Davis fic Co.; Bacon, Whippel fit Co • convertible •; common •• Price, $100 per share- and div.: Offered by William P. Harper fic Sba Co. 2,500,000 National Skyway Freight- Corp, 500*000' shares of comV-Y. . lnon Stock (par $1):. Purpose, working capital. Price, $5 per* share-. Offered by Bond fic. Goodwin; Inc.,AY'-""^: 2,500,000- Neitnan-Mavcua Co,, 25,000- shares- of 4y«% cumulative Co. ZjOOO.OOd United Waltpapeir Inc. fc of - .. . . ■! , leans dies, liga. S18^8'* Offered by Sutxo fie Co*,, and: Vao, Heihholdt f; shares ; :-"-,.5 - (par per w,-..yy- i$3Q&,000-); purchase of etc.,, workings capitai ($9QO,0flaH Price, $6 per 8,000,000 Trailmobile r 200.000 reduce-bank $10). unsubscribed 150,000 Mutual Loan: Co. dc Hickmaa and y (pair Price, $22 per share. Offered Andre • . . stock ^'FYTcoimnoni* Offered'by;Butcher stock common ■ 103,500 Mortgage Associates, Inc. 5,000 shares' of 5% cumulative >; preferred/ stock (par $20r) and. 3,500' shares (Odf common stock, (par, 10c.) Purpose, working capital* Price, $207 per. unit- of 10; shares of preferred and ;7 shares of ,c«A«n Cot Con¬ working Loeb, . . Aircraft ' . $12% Cahn fit. Co.; Central Republic Co. (Inc.); Clark, Dodge & Co.; Coffin fis Burr,'Inc.; Davenport, fia Co.; The First Boston Cdtp.; Eli^t Southwest Co.; Harriman Ripley A Co., Inc.; Hayden, Miller fic Co.; Hayden;) Stone fic Co.; Hemphill", Noyes fie Co'.'; Henry Herrman & Co.; Hirsch A CO.;-Hornblower fic Weeks; Investment Corp. of Norfolk; Janney & Co.; John B. Joyce A Co;; Kay; Richards A Co.; A. M. Kidder fic Co.; Kirkpatrick-Pettis Co.; Kuhn, Loeb. fic Co.; Ladenburg,, Thalmann fic Co.; W. C. Langley & cov; Lazard FTeres. fic Co.; Lee -Higginson Corp.; Mackall &r. Coe;: Ma3on-Hagan, *Dic;; ^Maxwell; Marshall & Co.; McDonald fii Co.;, Merrill Lynch, Pierce, Fenner fic Beane; Metropolitan: St. Louis Cos; The Milwaukee*:Co.j^Minsch, Monell & Co.; Moore, Leonard fic Lynch; Maynard H* Murch 8t Co.; The-Ohio Company ; Paine; Webber, Jackson & Curtis; Peters, Writer &• Chrlstensen*.-Iiio.;.-Quail A Co.; Rauscher, Pierce fic Co.," Inc. y Robinson, Rohrbaugh A t ($3,264,000); investment in ($1,936,000). Price, $52 per share and - div. Offered by Eastman, Dillon &, Co.; Hornblower fic Weeks; W. C. Langley fis Co.; Lee Higginson Corp.; G« H. Walker fic. Co.; H. M. Byllesby fit Co., Inc.; First, California- Co;; Nelson Douglass fit Co.; Riter fic Co.; Scherok, Richter fic Co.; William. R. Staats- Co.;. Stroud fic Co., Inc.; Cohu fic Torrey; The First Trust Co; of Lincoln, Neb.; Johnston, Lemon fip Co.;, Baker, Watts, fic Co.; Butcher fie Sherrerd; Stein Bros* fic. Bay.ce;.. Tho Ohio Co.; Piper, Jaffray & Hopwood; Bateman, Eichlet fic Co.'; Doolittle,:Schoellkopf fic Co.; Pacific Northwest Co.; Bingham, Waiter fic Hurry; Cltement A EVans fic Co., Inc:; Hallowell, Sulzberger fic Co.; Johnson, Lane, Space and Co., Inc.;, Mason-Hagan, Inc.; . 150,000: Southern funds, subsidiaries tive convertible preferred stock (par $8). Purpose, capital t [ I t expenditures, working capital, etc. Price; $10 per share. Ay &;C<Lw,Inc.; Hirsoh & Co.; Dempsey & SiiA1?- Kidder; fe Co., E." w: Clucas &. Co.; Francis I. wrM 'J ' ^S & Co-r, Newburger-& Hano; Straus & Blosser; ^lESt' Securities Co.*.of Chicago;. MU Mi; Freeman & Co., gyyyyy- Br^payton Securities Corp.; courts & Co.; J. C. Bradfo«f & Cm, and Seligman-Lubetkiir & Co. f [. vL'V- ; Price, common stock (par $10). Price, $53.50 per share. Offered by Dillon, Read fic Co., Inc.; AlltsonrWilliam Co.; A. C. Allyft and Co.", Inc.; Boettcher and Co.; Frank B. Offered'by Carl M. . stock Purpose, * & 4 Purpose, Co. fic Fisheries;, Co. of Plan Corp. of America 100,000 shares of $2.25 dividend cumulative preferred stock series A (par $1). " Price, i -' • - v cumulative $25). (pac and Edward D. Jones $1). (par 39,828,343 Columbus 5,200,000 Morris, M. Marache »* '-- , share. ta stockholders. by" Granbery; • general fic;Co.* Die:, And CK* H. Walker:fit Co* '4^: stock common purposes. ■«.: Pierce, Fenner & Beane* • ' > 4,675,000 Colorado Fuel & Iron Co. 275,000 shares of common stock (no par).' Price, $17 per share. Offered by Hirsch fic Co. - Price, $10 per share. Offered by Alex. Brown, Hons; Rauscher, Pierce fic Co., Inc., and G. H. Walker fie Co. 300,000 Mading Drug Stores Co. 40,000 shares of common stock ,..r3y,.:.:yy- (par $1). Purpose, corporate purposes. Price, $7.50 per : .121,000 Ross $l)c Industries Corp,r: : (par M".,. M. Purpose, "v • and stock Corp.* Stern Inc. preferred " ($600,000), additional $8. per share.': Offered Coi cents). 250j000 Mading Drug Stores Co. C. >' - 20 Price, $25 per share. stockholders; fic Co., by Stroud & Co., Inc.; E; H. Rollins &,Sons, Inc.; Graham, & Co.; Butcher & Sherrerd; Yarnall & Co.; Bucr & Co.; Inc.; Weeden dc CO., Inc4f QIbv«r &?Mac- Freeman. & Cd.„ Inc; k, preferred common Boston. w Parsons -'--f (par . and surplus. stock. common YY'-iY.'-i-Y-Y;- ; 17,200* shares of common share*. Offered by Cohu fig Tdrrey. lSy;-y- > ' Y ;■> 1,610,000 Bendix Aviation Corp. 35,000 shares of common -stock (par $5). Price,' $46 per-share.?; pffered by Merrill Lynch; - Offered by IT;:P,*. Frazee fit :Co;* InciC: yy:. ,1 , payment Walker fis Co. stock 2,10P;006 Kansas; City Fire & Marine. Insurance Co«. 50,000 sharea Cjo. 15,000 shares of common Purpose, working capital. Price, $19 by The Wisconsin Co., and Braun, Roberts.; & * Mander Corp, 175^000 shares of • » • * « Products J,or^in^ funds ($800,000)'. r . Offered Monroe. & Cor Purpose, ; ■ share. ' t54,025,f AUantIc. Coa'8t 285,000 Island Air- Ferries,- Inc; 95,000 shares of common stock ;":,-'(par"$1):.? Purpose^ expansion* etc/: Price; $3:per-share. > stock, (par $10)i.: . ' v ' Purpose, repayment.- of purchase money notes, reconversion cost, working capital, etc. Price, $3 per share. Offered by Commonwealth Investment Corp. common Co.Kennedy-Petersoiv' Inc.,. and Henry . • - 720,000 Arkansas-Missouri Power Co* 40,000 shares of common stock (par $5). Price,- $18 per share. Offered by G. H. (no $1). ? >■-' to Of 1946 - y. ■ Offered Brothers1 &* : Corp. v:^ 49,500,' shares of 378,000 Holly Stores* Inc. 36,000 shares ot common stock (par ;*>$1). Purpose, .working capital. , Price*; $16.50 per share. Offered by Carl; M*. Loeb;,JRhoades:fif. CO. 255,000 International Airlines, Inc. 85,006 common shares (par Purpose, working capitaLi",Price, $6 per by Putnam. & Col*; Singer, Deane & Scribner; Buckley, Brothers; Butcher & SherrercL; Cooley & Co.; Brainard-Judd & Co.; Coburn & Middlebrook; Eddy • - Cable series one share of:preferred and one share Offered by Gillen fis Co» Rhoades fitiCOi working Offered by Hayden, (no: par). share-. dividend Corp. 400,000 shares of compar).; Purpose,, general funds. Price, Offered for subscription to common stock vertible Corp.. 99,000 shares of common stock (par-$l).. Purpose, purchase of mill. Price, $3 per share. Offered, by J. F.; Reilly & Co;,.Ihc. . ; & Corp. $3.25 Price, $5".per unit of .. convertible Materials. ' - ISSUES NOT1 REPRESENTING NEW" FINANCING . (par Purpose; equipment;.etc„>Price, $3.per share. Offered by George R. Cooley & Co., Inc.; Mohawk Valley Investing Co.,.; Inc., and Cohu &' Torrey. " " • 297,000'Plastic* Whre par. York.; $307,500 American European Securities Co.-.15,000. shares of com¬ mon stock (no par). Price, $20% per share. Offered by. Butcher fis Sherrerd.'; vYf j'S • : r:'y. and-The Wisconsin ; v-' -; 100,000 shares of cumu¬ ; 800,060 Holly. Stores^Inc. 32,006.shares. of $% $1). " stock (no of common. - 297,000 Plastic stock common $4). capital. Stone A Co.; E. H.,* Rollins & 3ons Inc.;. Graham, Parsons A Co.; Auchincloss, Parker A Redpath; Johnston, Lemon & Co.; 4 W. ci Langley A Co.;-:: A. M. Kidder A Co.;. Cohu & TorYYY rey Francis L duPont A Co.; Courts & Co,, and Pitman & Co., Inc. 29.7,000 Plastic Insulator Co. 99,000 shares of common stock share. per f - , ' Prfce, $10.75 Price, New 500,000 Dallas Title-& Guaranty Co. 25,000 shares of capital stock "-■/ - . (Par $10). Purposo, expansion; etc. : Pric^,, $20 per share. Offered for subscription to stockholders. 275,000 Emery Air Freight Corp. 55,000 shares of 25 cents con¬ vertible preferred stock (par $1) and 55,000 shares of The 0.90% s consolidated Banks Credit 1946, due March 1, 1947. Pur¬ ($17,180,000), new money ($6,855,000). Offered by Charles R. Dunn, fiscal agent* dated June 3, • $12.50 per share. stockholders. capital. shares 1 pose, • refunding Purpose* corporate, purposes. Price, $i05 per share and- dividend. Offered by same> banker*, as offered the $2O,00G;0O0 2(^%- debentures (see above). mon by y1-. y'-y : .iyyy Intermediate debentures, - 5,000,000 Beneficial Industrial- Loan Offered per Wertheim fic Co., •; preferred ■* 1,500,000 Piper - share. Underwritten stockholders. Co.;. Riley A Co.; waukee Co*. $15 >■ v Purpose* to be used in company's opera¬ -Y5 $24,035,000 Federal , A Price,' .? ■ - 10,006 shares- o£ 4%- convertible preferred Co. & FARM LOAN ANH GOVERNMENT AGENCY" ISSUES .par). ; ■< working'capital. fis-Co.; . lative of A Co.; Henry C. Robinson Co.; Pacific Northwest Co., and. Walling, Lerchea A Co. " 812,500 Palmetex Corp. 250,000 shares of common stock (par $1). Purpose; payment of loan, payment of royalties, purchase f J of plant, etc. Price, $3.25 per share. Offerred by Floyd D. YY"'*:Cerf Co;,, and; CobumA Mlddlebrpok. 392,460 Perfex Corp. 26,164; shares of common stock for Scribner; Stix fic Co.;. Straus fic Blosser; Stroud White, fifc.Co-.iv Wyatt,: N«al fic Waggoner antt (par $50). $44,494,064 MISCELLANEOUS 10,500,000 Beneficial Industrial Loan Pur- purchase Loewi Purpose, Walker co?. " ($481,360), Co.; Bateman, Eichler A Co.; Chas. W; Scranton• A Co.;- Walston*,> Hoffman & Goodwin; J. C. Bradford. A Co.; R. H, Johnson A Co.; Johnson, Lane, Space & Co., Inc.; Kay, Richards & Co.; > { . Bacon, Whipple- fic Co.; A. G. Becker fic Co., Inc.; fic Co;, Inc.; Harris, Hall fic Co. (Inc.); Goldman, Sachs fic Co.; I. M. Simon fic Co.; Stroud fifc Co., Inc.; G. 4(4% of Kay, Richards fic Co.; A. M. Livingstone fic Co.; W. U Co.; Inc.; working-capital, etc. ($768,640); Price, $21 Offered by Reynolds & Co.; Alex. Brown & Per share. , 62,500 convertible repayment machinery, I Co. and tions. Pripe, $50 per: share. Offered by. company direct to. the. public. • , . — 60,064: Weeden &:Co, 1,501.6. shares of common stock (no parj. Purpose, tp be used in company's, operations. Price, $46 per share. Offered by;company direct to the public. Blyth ■ Watch & Laird YarnalL fi& Co> . „ Clock fie. Co.; 500,000 Weeden ing capital ($2,500,000). Price; $104 per share and divi¬ dend. Offered by Lehman Brothers; A.' CL. AUyn fis Co;, Janarelt. Haven " . Price, $4 per share. Offered by R. H. Johnson Co.; Grimm & Co.;, R- M., Horner A Co., and O'Connell 1,250,000 New Co.; Herrick, Waddell fic Co., Inc*; Hirsch fic Co.; Labouisse, Friedrichs- and Co.; R. H. Johnson fic ' Purpose, purchase and equip; building, working capital., A ' 1 SHIPPING . Stein- Bros, fic Boyce; $4,000,000 Alden's, Inc. 40,000 shares of 4(4% cumulative preferred stock (par $100). Purpose^ refundihgr($1,500,000), work¬ ■ r. and fife CO;., Inc;;? $1,021,801 American Mail Line, Ltd. 49,602 shares of common stock (no par). Purpose, working capitals. Price, $20.60 per share? Offered 'for subscription ta common ^stockholders. Underwritten by Blyth fic Co., Inc.; Pacific Northwest Company,, and- Atkinson, Jones fis Co* ; ; < (Par $D • ' , fic Co.; Francis L .duPont fic co., Sons; Equitame Securities .C8EI)•, Sears Edwards Bogan Co-,;. I. M. Simon fic Co,; Singer, Deane fic . Dillon, Read A Co., Inc.; Kuhn, Loeb A Co.; Morgan Stanley & Cot, and Piper, Jaffray A Hopwood; - 'Y: Y>;»'"' / ■■■' ':1 '■ ■">*■:■ Y Y 235,300 Motorette Corp; 23,530 shares of common stock. Purpose, working capital, etc. Price? $10 per share. Offered to Y: public by.company* y ; ■ 288,000 Monroe Gasket & Mfg.; Co*;,72,006 shares of: capital stock ; " Draper, G. straw, Beta fic: CO.; Reinholdt fic Gardner; Scherck, Richter Co.;;, Schoellkopf, Hutton fic Pomeroy-, Inc.; Sheridan, Stifel, , Bear, Stearns & Co. & co., Nelson Lyona fis Co*; Laurence M. Marks fic Co. ; Maxwell, Marshall fic Co,; Gordon Meeks fie Co.; Milhous, Martin-fic McKnight* Inc.; The- Milwaukee. Co.;. Moore,? LeonardYfic Lynchi Nashville Securities Co.; Pacific Northwest Co.; Rake- etc: Price; $13 per share. Offered to- stockholders of predecessor. Unsubscribed' sharea underwritten by same banks as offered the preferred'stock:, (see foregoing). - Co.; Kidder and Co. (Del.) 31,110 shares of Purpose, plant enlargement, Rubber Dempsey-Tegeler fic Co.; Co.; Co:; Johnston, Lemon fic Co.; Purpose, share per fic House^ ^v fic' Co;i%Curtiss, CO:, lhc.)'-Fieldv> Richards1 & C°., The First Cleveland Corp.; Garrett-Bromfield fic Co.; W. D. Gradison fic Co-.; Graham, Parsons fie Co.; Grubbs, Nicolaus fic Co., Inc., Price, $25 per share. Offered by Granbery, Maracne A Lord, and Bear, Stearns A Co. ;Y:yy---'-v* 75,000: (F». H.) McGraw- & Co. 100,000 shares of common stock (par 10 cents). Purpose, working capital.: Price, 75 cents per share. Offered byGranbery*Marache :ALord;and 't/' V,: Torrdy;^ Courts Howard preferred cumulative Co.; ,, , dividend working fic A. dividend. Offered by Shields fit Co.;, Newhard, Cook & Co.;-Hemphill, Noyes & Co.; Hornblower fis Weeks; Bacon, Whipple fic Co.; Cruttenden fis Co.; McDonald fic Co.; Walston, Hoffman & Goodwin; Boettcher and Company; J- C. Bradford fis Co.; Hill Brothers; Wm. C. Roney fic Purpose, indebtedness ($270,000). subscription shares underwritten Collen, Norton A Co. McGraw preferred ■ working Offered 4 V2 % and Brown, Co.; Brooke, Stokes fie Co.; A:ex, Browp & Sons; fic Johnson; Buckley Brothers; Burnham Scott fic shares D. fic ^ (Del.) 40,000 stock (par $50). Co. Stearns George Clbment At :EVana & RUBBER Reclaiming Rubber M. Bass fic Co.;.Baum, Bernheimer & Co.; Blair fic Co., Inc.; Boettcher B. Bonbright fic Cq.; J, C. Bradford Jack Co.; Co.; Bennett LAND, BUILDINGS, ETC. Development Corp. o0,ouu shares of convertible stock (par $5). Purpose, corporate purposes. enlargement Corp. 75,000" shares of common bank loans ($705,000),. discharge pay . A $2,000;000 Midwest • 1,125,000 Lynch yf Hano, & fic 1 y fic Bear, Co.; and , Price, 85.50 per share. Offered by Otis fii Co. -v.;; 260,000 Liebert & Obert 40,000 shares of common stock (par $1). Purpose, purchase of brewery equipment, . etc.. Price, Kobbe, (par Price,. $5.75 per share. Offered by- Thornton fis Co. and, Bennett, Spanier fis Co.„ Inc, - etc. $6.50 per stock D'Antoni . - Leary -vr-- - capital or Cohu i ,/• snares Purpose, acquisition and development of mineral interests. Price, $5 per share. Offered, by Arthur G. YYYvY': $1 per share. Offered by Carr & Co. *■ " '• , I 750,000 Jefferson-Travis Corp; 30,000 shares of $1.25 cumulative convertible; preferred stock (no par). Purpose, repay¬ ment of bank loan (8400,000), working capital ($350,000). ■Y " Price. $25: oer share. Offered by Richard-. J. Buck, & Co. 520,000 L'AigJon Apparel, Inc. 80,000 shares of common stock : (par $1)., Purpose,, purchase of machinery, equipment, ' 59,2*0 Inc. $5). Price, , stockholders.; Offered .for subscrition- to share. per fic . , 110,000 Inc. Purpose, $3 . ' 1946 by Hallgarten fic Co;j G. H. Walker fie Co.; E. W. Clark Cor, Adams fic-Peck; Amott; Baker fic Co.; -Inc.; Auchin¬ closs, Parker fic Redpath; Bail, Burge fic Kraus; Barrow, ' $231,000 Maracaibo Oil Exploration Corp* 66,000 shares of capital stock* PUrpose, development. Price* $J.5D per snare. . stock common Price, capital. Offered by Hoit, Rose & Troster.. ■ 0IL i' Corp. 99,000 shares, of Purpose, tirement of loans, ;y"'-y' w; Bros,, Inc. 297,000 Industrial Monday, July 8, t*YC;> . Y> hi /Mi .Volume 164• Liebert & 620,00$ THE COMMERCIAL & FINANCIAL CHRONICLE Number- 450S & Hano and Kobbe, Gearhart & Co,. •' • • ■ •>', 125,000 shares of 1,875,000 Longines-Wittnauer; Watch Co^," Inc. ts'Uit;; common stocks k par1 $1); Price, $15 per share. Offered by Paul H.t Davis & Co;; A. C.'Allyn & Co., Inc.; Emanuel, : Deetjen 8c Co.;,Bateman, Eichler & Co.; Cchu & Torrejr; if,"' •' "v : A. G. Edwa'rds & Sons;. Johnston; Lemon & Co.; Kalman C6;; Inc.) Riter & Co.; E.j Hi Rollins .& Sohs Inc. and $6.50'. per Price; Oifereh share; Corp.; W. C. Langley 8t Co.; Bear, Stearns & Co.; Painey Webber,, Jackson & Curtis; Alex-."'Brown & Sons; Salomon Bros;' & Hutzler and Riter & ■'■Co.''" by Newburger .. i" „ . " ■ r * Pros.3 &> Boyce. ; > i /v 8-951,250 Mercantile Stores\ Co., Inc. 271,250' shares , of stock' (no par). Price; $33 per: share. Offered 870/320 'Roberts & (par$l)i ;" ; . Stein ! commoh by Clark,* ■ v r ;. stock c. (par Curtiss, -House' Acs Co.)1 First off Michigan Corp.; J, J. B. Hilliard & Son; Kalman & Co., Inc.; A. E.*Masten-& Co.; E. Corp.-14,00$ shares of -common- stofck' (par $5).- Price, $24 per share. Originated with-Horn-; blower & Weeks and Paine, Webber, Jackson & Curtis. Owens-Iliinei^ Glass Co. & & Co.; Co.; Co.; Richard W. Dempsey-Teg&ler Eikins; Morris & Clarke & Co.; Co.; Corp.; y' & Sheridan, Bogan , 7,788,000 Pacific Gar &* Electric1 Co; 17f,6oO > shares of common stock (par $25)., Price, $44 per share. Offered by The first Boston'corp.*;, Goldman,.$ffebfc■'& CO,; Union-Secur*- Loeb; j (New Jersey) , 2001000-shares of capital pre* .t Co.; August Lorenz; Prescott & Co.; The First Cleveland and Kuhn,.Loeb & Co.-•; -., -.r : Beane;, Shields' &- <**' Curtiss, & Co.; Ball, Burge* 8v Kraus; Paul H.1 & Weeks; Laurence M. Mark®. Webber; Jackson & Curtis; Riter'& Co.?? £}*:;>'?'• Davis & Co.;, Hornblower .;, Co.; Paine; Dean' 'S' Witter & Co.; Hayden, Miller & Co.; McDonald-Moore & Co.; Merrill, Turben & Co.; Piper, Jaffray &&' Hopwood; The Milwaukee Co.; G. H. Walker 8c Co.}" V- of V V: :-v.Kirkpatrick-Pettls Co.; The Ohio Co.; George D, B. Bon— bright & Co.; Curtiss, House & Co.; Doolittle, Schoellkopf & Co."; Fahey, Clark & Co.;'Field, Richards & Co.; August Borenz; Prescott;& Co,; The First Cleveland Corp.; Moore,', ./•'Leonard & Lynch and Kuhn, Loeb & Co. •. < 190,000 Weyerhaeuser Timber-Co. 2,500 shares of commoh stoolC?: v:■ . (no par)>. Price; $76 ^•^'"v'r/.Jne. per'share. Offered by Blyth "-4*g:-- - t294,000 Weyerhaeuser" Timber Co. 4,000 shares of 8t Co., 'v: \ stbciff' common (no par), Price, $73Vz per share, Originated with Tucker®,. Anthony & CO. and Estabrook & Co. Co.; ' ' " 1 J $139,002,825' & C6.; Union Securities Cbrp.; West'ncimer and Co.) Dean Witter s Co. and Wurts, Dalles & co> > r„ State and Co. . ; Sills, Minton & Co., Inc.; J. W; Sparks & Co.; Starkweather & Co.; Stone & Web¬ ster-Securities Corp.;'Stroud & Co., Inc.; Spencer Trask . Kuhn, y.'1. Oil * (no * ' Co.j-'Kuhn, Loeb & Co.; Laird, Bissell & Meeds; Lazard &• Co.; Lee Higginson Corp.; Lehman' Brothers; Co.; stock (t':, g||| Blyth & Co., Inc.; Harriman Ripley - 8c Co., Inc.; Smith, Cf ': Barhey & CO.; Union Securities;. Corp..;;Eastman, Dillon; ' & Co,« Hemphill, Noyes & Co:; Kidder, Peabody & Co;?, 'j-" .' Lee Higginson! Corp.; Merrill Lynch, Pierce, Fenner 8c stofck M. Loeb, Rhoades- & Co.;: McJunkin, Patton & Co.; Metropolitan St* Louis Co.; Moore, Leonard & Lynch; W; H. Newbold's Son & Co.; Prescott & Co.; E. H. Rollins & Sons, Inc.;; L'. F. Rothschild'Co.; Schmidt,, Poole stock by 4,435,560-Thomas Steel Co. 246,420 shares of common stock (pal* iil $1). .Price, $18 per share. Offered by McDonald & Co.;, Dixoh First ) \ common stock (par" $100); Price,: 103 per share and dlv. Offfered by McDonald & Co;,' Ball, Burge 8t Kraus; Hayden, Merrill,. Turben & Co.; The Ohio Company;," Curtiss, House &t Co.; Fahey, Clark & Co.; Field, Richards & share.r Offered per of Offered Corp. Shares' of - class*. A share. Offered by Blyth Freres Kidder; $12.50). Price, $95 per share. ■ * Offered by Peabody & Co', and CoLins; Norton & Co. , ; (par $22.50 shares share: per . , Miller & Co.; .v C Carl Offered by Blyth & Co;, 85,908 sharfes of' commbn Clark & & stock Inc. 8,161.260 Price, 150,000 819%-" ' ferred f«' j 12,000 per Corp. PrIce' 'J ' ■ CO. - ■ ■ • - Oil sttrck (par $25). Price, $77 per share-. Offered by Dillon. Read & Ofr Inc. ... ■ j 1,642,800 Thomas sffeel'Co. 16,428 shares of 4»A% cumulative & Co.; Michigan Corp.; Glover .& MacGregor, Inc.; Goldman, Sachs & Co.; Graham,-Parsons-& Co.; Granbery, M&rache & Lord; Harriman Ripley & Co.,t:-Inc.; Hayden, Stone- & Co.; Janney & Co.; Kay, Richards & Co:; Kebbon; McCormick National-Aviation (pay $4); Price,.$72Vfc per share. W. Drexel & Co.; 7,655 shares of common $5): House Mathey &i Co.; McDonald & Co.; W. H. Newbold's Newhard, Cook & Co.; Pacific. Northwest Co.; Stern Brothers & Co. and Kuhn/ Loeb &'Co, A. National * Oil' Products* CO". Price, $29'/4 8t ■ by Mellon Securities Corp.; Smith, Barney & Co.; Barret, Fitch & Co.; A: G. Becker & Co., Inc.; Bioren & Co.; Blyth & Co., Inc.). Boenmng & Co.; J. H. Brooks" &t Co.; ;Alex. Brown & Sons; H. M. .Byllesby - and ,Co.^. Inc.; Chaplin & Co:; teii-. Hall •& Co. Inc.; The Wisconsin Co.^ Blddie,' Wheleir & Co.;' Bosworth,. Chanute, Lo.ughridge & Co.; 554,987 (par $1). , \.■ ;f , v Harris; t336,p0O Service4 Co. \ •' 15,400,000 Standard common stock Offered y St Co.,* Inc., and William A. Fuller & Co, 27,315,000 Bcruiitow^ ElectricC<>; l',2l4,:006^'^shkres^' of 'Comihott * y; . V- Public ' Pierce, Fenrier & Beane; White, Weld &■ Co.;t Weeks ^Harden; Dominick & Dominick; W. E.. Hutton & Co.;? Dean Witter & Co.;- Hailgarten & Co.; Hornblower & Weeks; Paine, Webber, Jackson Curtis; R ' S.< Dickson ;&t Co.;.ino.; Equitable Securities Corp.; L. 108,790' shares. of share-. !.s;■u.iV"vy ':. 303,000'St, Ion!» Baker,- Son per Corp.i 9,Q00' shares^ of common stock (par Price, $11'per share: Offered by Granbery, Marache $1): - Co.; Biyth & Co.; Lynch, . f v Corp*. ;.jJ 2,943,750 Sinclair par)' 99,000 Rosa Industries , Incl; Harriman Ripley & Co., Inc.; Kidder; Peabody & Co.; Smith, Barney & Co.; Stone* & Webster Securities Corp.; Lee Higginson Corp.; Merrill Dodge & •'.V i ' ■ Mandcr Price, $8 tv by Stroud & Co., Ihc.; EJ H,' Rollins & Sons, Inc.; Graham, Parsons & Co.; Butcher & Sherrerd; Yarnall & Co.; Burr 8c Co.,. Inc.; WeetiefV8t Co., Inc.; Glover & MacGregor, Inc.; Courts ,& CO.;-Janney Co/ and'M. M; Freeman &*Co., Inc.' I; I 19^ •V" 'if' itles ♦ 80,000 sham of common stock (par1 $1): Obeft - ' ■ 1 ' . #Indioate issues'placed privately.' tIndicate special offering.; :■ City Department BOND PROPOSALS AND NEGOTIATIONS ify not to exceed three interest y;.;: • ARIZONA ^ rates for such issue. Principal'and Maricopa County, Phoenix, Union interest payable at the City Treas¬ High School District (P® O. urer's- office, or at the Bankers : Phoenix),"Ariz* Trust Co.. New York., These shall ; Bond Sale—The $l,750,000 im¬ be furnished to the purchaser, at provement coupon bonds offered or prior to the date of delivery of forisale on July 1—v. 163) p. 3334 the bonds, the opinion of Ray L. —^were awarded to a syndicate . - composed of.JohiT Nuveen & Co., Paine, Webber, Jackson & Curtis, fth of Chicago, Stranahan,Barcus, Harris Ccr., Inc., of Toledo, Klitidred M C^ildsr&*€o;) Both of Chicago, Ryan, Sutherland & Co., of Toledo; Refsnes, Ely, Beck' & Co., of Phoenix, Weeden & Co;, of San- FraiiciSco, G< H. Walker & Co., of St. Louis, MoDonald-Moore & Co., of Detroit, . Soden-Zahher Co*; of Kansas City, and"KennetH; A.- Ellis":&• Co.) of Phoenix, at? a price^{of >lO0i0I89; a interest net as cost of about 1.62%, follows: For $220*000 maturing July 1, $35,000 in 1949 and 1950, $50,000; int 1951 to -1953; Is, as $150,000 maturing $50,000 July 1, 1954:10 1956, as VAs}^ $300,000 ma¬ turing July *1, $75,000 in 1957 and 1958, • $150,000 in 1959, as l%s, $600,000 maturing $150,000 July 1, 1960 to 1963, as iy2s* and~$480,000 maturing July 1, $150,000 in-1964,$160,000 in 1965, and-$170,000 in 1966; as 1.60s. Dated July 1, 1946. Denomination $1,000; Interest payable J-J.'AIl 'pf saidf boftds; will bear interest to total 2%%, fromJ date of .said bonds to* Jan; 1, : ' 1948:'1yy;:V•-:: J 'f ) t ' i Mohave vj /' -V : . v County (P, \Ol Kingman), r:--V-:dAriz., M: Yj, Bond Offering .**?>. William; Tc; Bfooks,; State T-reasurpr, has, an¬ nounced that> sealed ; bids wil- be received until? 2 pm. on. July: 22 by the State Loan Commission, at Bis office in the Capitol; Building, at Pheonix, Ariz., for the purchase Of $67,000 refunding bonds, not exceeding 2% interest, on'behalf of the/ County^ The : approving opinion of Gust, Rosenfeld, DivelBesSj; r Rbbinette^ ■-> Linton,^ ;of Phoenix, will ;berfurnished? and all . be ^unconditional^: bids nnist ; *: Pin<rt: County; Elroy. Schi pisi. (Pi Oi'Florente); Ariz; • ; Bonds Sold — An,issue,of $97,000 building bonds, has been pur¬ chased by Kenneth A. Ellis & Co., > No. 11 df Phoenix, as 2VzS; ^ -« CALIFORNIA . . Los Angeles,,Calih proceedings ior: the r issuance of •said bonds will be submitted for [approval* td O'Melveny & Myers, ;of Los Angeles, and the opinion of jsaid^attPrneys wilt ber ■;$ufnished • tb the sUccessful^^bidder withopt charge..' All bids must be jditional. Enclose a uncpn-^ certified check ifpt 3 % of- the .bonds bid forT?payPalo- Verde Irrigation Dist. \' Blythe);-Calif-. (Pi O. %'$&£'■; t were awarded to a syndicate posed of Miller, Kenower jof St. .Paul*? TrippCO., oLNew and Lyons? -&?1 ;Shafto; of iBoston,V at ^:pric^bt>lQ0.2336?? a jnet interest cost of about 2,531'% * • follows:^ For $160,000 maturing July 1, $25,000-ini 1947-and 1948,- 3s, and $540,000 maturing July 4, $29,000 in 1953, $30,000 in 1954; $31,000 in 1955;, $32,000'in 1956; $33,000 in 1957, $34,000 in 1958, $39,000 in 1963, * $40,000 in 1964, ' July 1, 1946. terest payable J-J. The next Offering Walter C. purchase of $10,000,000 sewage treatment plant bonds, not exceeding 2J/2% interest.- Dated Aug. 1, 1946. Denom. $1,000. These bonds are " due" $500,000 Aug.' 1, 1947 to 1966. Proposals may spec¬ . est Co., bidder and Denom; $1,000.' In¬ was John : high¬ Nuveen & Associates, for $457,000 3s, and $243,000 21/2s, of 100.041; at a: price " July 17. - - V'^v>. , — Clerk — L. F. La ! ~J'A\. An issue of of Louisville. Dated sale on July 1, 1946.. Denomination $1,000. These bondsare due $10,000 April 1, from 194& to 1955.. , r . r, - iV ' :;.VM MAINE * , !-::v v*" c-; Augusta; Me.' J:\ J Bond Sale— The $65,000 sewer; • Harpe, III. equipment' and parking lot cou-; An $100,000 4% water works pon • bonds - offered for sale on* July 2, were awarded to Harriman' bonds- is being t offered for sale by tho Channen Securities Ripley & Co., Inc., as Is, at a price Co., of Chicago.^ Dated April 1, of 100.047; a basis of about 0.99%. 1946; Denomination $1,000. These Dated July 1, 1946. Denomination^ $1,000. These bonds are due July bonds are due on April 1, as fol¬ lows; $1,000 In 1950: ta 1959, $2,000 1; from 1947 to 1956. Interest pay¬ Bonds Publicly Offered — issue of in i960- to • 1969, $3,000' in^ 1970'* to 1974,. $4,000 in 1975 to, 1979, and$5,000r in* 1980 -tn 1986/' Principal: and interest payable can at the AmeriNational Bank, Chicago. Le¬ gality/approved'. by Chapman & Cutler, of Chicago. INDIANA Pmrtbr' Indiana • /BbndL^ Salie ^THe* $l95i000^hos^: pital bonds July l — awarded offered; for v. ttf 163; p. 3335 able J—J»? I sale — the* Northern on were' Trust Co., of Chicago, and the Indiana¬ polis Bond ; & Share C6rp^ joiritl^; as l%s, at a price of 101.01, a Fall River, Mass. Bond Sale-^The $250,000 public^ improvement bonds offered for sale^on July 2, were awarded to* Paine, Webber, Jackson & Curtis; ! & Co., both* Boston;* jointly, as l%s, at .ac price of 100.92, a basis of aboufcr of 1.08%. Dated June 1, 1946. Denom.-; $1,000. These bonds are due $25,000 from June 1,/ 1947r te 1956,1 inclusive; Interest payable J-IXSecond best 100.68 •, KANSAS ^furidii^^pndS» bid was an offer ot for* iyis, tendered jointly" by Harriman Ripley & Co.; Inct," and Chace/ Whiteside & Warren. J . July :l;:i94T'tO 1966, Interest pay¬ able J-J. •' >i>'- i'-.T » MASSACHUSETTS and Robert Hawkins County (Pt Oi~ Valparaiso); , $16,500: for 163, p. 3465—were" awarded to the Bankers Bond Co.,? 1, ? 1946.. Denomination $1,000. These bonds are due $5,000 from ■ Mitchell," offered June? * 25—V; revenue** will'-receive sealed bids'untilvJuly 16; for thev pur¬ chase-of bonds , of WalJen, Colo. Town and 1946 Illinois f". (P. O. Somerset)$ Kentucky ■■ ■; i $80,000 l-2y2% bridge 1 refunding of Bond Sale—The road basis of about 1.15 %, Dated July Bond Offering KENTUCKY County (P. O. Greenville), •'v Karisa^ Pulaski County i purchased; subject4o 4he: election to be held on Aug: 24, by Barcus; Kindred & Co., of Chicago; and the White-Phillips Co., of Daven¬ port;? jointly. . . COLORADO MICHIGAN Tawas,Mich. Bond Offering—Albert: IL City Clerk, will receive- sealed- bids until 7 p.m; on July 8 for th$! Wyandotte' County'(Pi O. Kansas purchase of $28,000 general obli'-- gation water and- sewer extension= bonds, not exceeding 3% interests Dated April 1, 1946. Denom. $1,Delaware (State of) $110,000/ general? improvement, 000. These bonds are due $1,000. ; Bond Sale^-The following pub¬ bonds was purchased on June 24 by r. the City Nationab Banki &: April I,. 1948 to 1975.: Rate of iri-* lic improvement bonds of 1946 of¬ terest tp be in multiples of Vi oft fered for sale on July 1—v. 163, p. Trust Co;, and Baum, Bernheimer 1%. Principal and interest pay-^ 3464—were awarded to Francis I. Co.,; both of Kansas City,; jointly, able at the City Treasurer's of^" du Pont. & Co., of New York, as at a price of 100.05, a net interest fice. Bids shall be conditioned: cost of 1.0347%, as follows: For %s, at a -price of 100.04,- a basis $44,000 maturing. $11,000 July * 1, upon the unqualified opinion;off; of about 0.74%: 1947 to 1950, as iy4s, and $66,000 Miller, Canfield, Paddock & Stone,^ $100,000 Henrik J. Krebs School 1 District No,: 2i: bonds.. Due maturing $11,000 July 1,;. 1951 to of Detroit, approving the legality 1956, as Is. Dated July 1, 1946. De¬ ; $10,000 from July 1,, 1947- to of the-bonds. " The cost of such? nomination $1,000 Principal and ; ' 1956, incl, ;;;.r interest payable at the State opinion shall:be*paid by the City.. .60,000 v Rose fi Hill - Minquadale Treasurer's office. Said bonds in The City shall pay thb; cost off School District No. 47 bonds. the opinion of counsel, constitute printing the bonds. Enclose a cer¬ ..Due $6,000 from July 1, 1947legal- and valid obligations of the j ^ "to 1956, incl;" •' " "4*:.v County,, payable, from:, unlimited tified check for 5% of the-par Dated July 1, 1946/Denomina¬ ad valorem taxes. Legality ap¬ value of the bonds, payable, to the* tion $1,000. Interest payable J-J. proved by Stinson, Mag, Thom¬ City Treasurer. * City),: Kan. DEULWARB Bonds PiirchaSed*"—An issue of . - 17 for the d on Bonds Purchased , in 4949, $27,000 in 1950,, $28,000 in 1951, $29,000 in 1952, as issue of $250,000 hospital bonds has been • Cor, jYork, as ( com¬ Angeles;. Juran- & Moody, An — ILLINOIS Bond y !pf;Detroitn Thomas* Kemp:^ Cbi, of Los be held (P. O*. Visalia), Calif, Bond Offering—Gladys Stewart, County Clerk;; will receive sealed; bids- until 1Q a.m. on J uly 9; for the; purchase of ,$350,000 i school bonds, to bear not exceeding 5% interest.; Dated July 1, 1946. De¬ nomination $1,000: These bonds are due July 1, as follows: $2,000' in v 1947 to " 1963; and $10,000 in: 1964. Principal and interest pay¬ able at the County Treasurer's. Election ted to the voters at" an election to until 10.30 BoM Kalb-i-The( $70bj)00' ibui-tli 'the' Chairman of > the. Board ;isstie; refunding bonds, offered! for sale on J line) .28L-v; 164 p. 57— Supervisors, is required. sealed bids until 10 a.m. on July n Bond $302,000 bond^ will fee: resubmit¬ r r office. A certified check for 5% of the bonds bid for, payable to $41,000 in- 1965j :.$42,00(h ihr i960, arid $43,000 in 1967* as 2Dated Bb — J o s ep h E. Spink, Secretary of the Board of Directors, will; receive sealed bids McEvers-■&: Ifizzell^^ of son City. Hapeville; Ga; Bond' Offering „ ablei to the-County Treasurer. Peterson, City Clerk, wilt receive ^ GEORGIA (P* Oiy Sacramento); Calif. ther County Treasuier'sbfficelThe $35,000 4n, 1959, i $36,000 in 1960, $37,000 in 1961, $38,000 in 1962, ^ y. a.m. on July 11, for the purchase of $10,500,000 series D, power of 1938, coupon or regis¬ Chesebrot City • Attorney, and, of tered bonds, to bear not exceeding O'Melveny & Myers, of Los An¬ 5% interest. Dated April 1, 1938; geles, approving the legality of Denomination $1,000. These bonds the. issue; Payment for, and de¬ are due Aug. 1, as follows: $169,livery of, the bonds shall be made 000 in 1950, $177,000 in 1951, at the City Treasurer's office. En¬ $186,000 in 1952, $196,000 in 1953, close a certified check for $200,000, $205,000 ih' 1054' and 4955; $2l-l>' payable to the City. 000 in 1956, $222,000 in 1957, Orange County, Westminsterv $233,000 in 1958, $245,000 in 1959, $252,000 in 1960, $264,000 in 1961, i Sch. Dist, (P. O. Santa Ana)i $273,000 in 1962, $286,000 in 1963, $301,000 in 1964, $315,000 in 1965, Bond Offering—B. J. Smith, $321,000 in 1966/ $337,000 in 1967, iCounty Clerk; will^ receive^ sealed $404,000 in 1968r $421,000 in 1969, bids until 11 July tyiicfr $434,000 in 1970, $453,000 in 1971, the vpurchaser pf $80*000 school $472,000 in 1972, $492,000 in 1973, bonds, to bear not exceeding 5% $513,000 in" 1974, $535,000 in 1975, interest. Dated July 1, 1946. De¬ $558,000 in 1976, $582,000 in 1977, nomination $1,000. Due $4,000 $606,000 iu 1978,; and $632,000: im July 1,: 1947 to 1966. Bidders to 19797 : •name a • single ■ rate of interest Principal' and interest payable- at Tulare County, Viscdia Sch; Dist $26,000 i Sacramento Municipal Utility Dist. .. r ^ 194 THE COMMERCIAL & FINANCIAL CHRONICLE MIWNE30TA:;K||j||| • Jackson County, 4 No, 7 (P.O. Winnebago), / - ...V; ■ Minn. , -:-44 ■ Bond Offering — O. W. Styve, District Clerk, will receive sealed bids until 8 p.m. on July 11, for the purchase of $178,000 building coupon bonds. Dated July 1, 1946. These bonds are due on J an. 1, Bidders shall from 1948 to 1969, state the interest rate or rates in multiples of Ya or l/10th of 1%. and, interest Principal made bank payable at trust office or ment located in Paul, or establish¬ or Minneapolis, St. Chicago, designated by the successful bidder. will be will be suitable any The bonds registerable aS to principal only. The District will furnish the printed and executed bonds and approving legal opinion of Dorsey, Colman, Barker,; Scott & Barber, of Minneapolis, both Without cost to the purchaser, and delivery .will be made at a bank in Minneapolis within 30 days aften acceptance of bid. A cer¬ tified check for $3,560, payable to the District Treasurer, is required With bid. Mowerf County Consolidated Sch, Dist. No. 69 (P. O. Elkton), Minn. :';<V r 163, to p. p.m. on July 11, for the purchase of $22,500 school bonds. Dated Aug. 1, 1946. Denom. $1,000, one Due Aug. 1, as follows: for $500. $2,000 in 1947 to 1956, and $2,500 in 1957. Bidders to of interest 1%. the rate multiple of Ya of a Principal and interest pay¬ able at The ■ in name 3465—-were awarded State Bank, of 2s. # Dated June 28, 1946. Denom. $1,000. These bonds are due $5,000 on June 28 in 1948 to 1950. Interest payable J-D. as to the Board of Lee Sale National Bank, of Memphis: $24,000 Nettleton Consol¬ Line School. District bonds. idated Denom. $1,000. 21,000 Verona Consolidated Sch. District bonds. Denom. $600. Both issues are dated June 4,1946. Monroe County, Bartahatchie School District, Miss. : . Offering—E. L. HaldorDistrict Clerk, will receive sealed bids until noon for purchase of the on July 9 $71,000 re¬ . funding bonds, not exceeding 2% interest. Dated July 1, 1946. Denom. $1,000. These bonds are due "on July l/from 1949 to 1962. Rate of interest to be in multiples of % 1/10th of 1 % * and must or be the same for all of the bonds. The approving opinion of Dorsey, Colman, Barker, Scott & Barber, of Minneapolis, will be furnished. Enclose on June 1947 to from 1 1966. In¬ ■ Offering — Einar H. Brogren, City Clerk, will-receive sealed and oral, bids until-7 p.m. on 8, for July Moss Point, Miss. Stewart, City Clerk, will receive sealed bids untiI 7 p.m. on July 16, for the purchase of $30,000 water works coupon bonds to- bear not exceeding 2% interest. Dated June 1, 1946. Denom. $1,000. Due $2,000 June 1, 1947 to 1961. Rate of interest to be in multiples of Yb of 1%. > The approving opinion of * Charles, & Trauernicht, of St. Loiiis, will be furnished. Enclose a certified check for $1,500. West Point, the purchase.< of Enclose certified check for 2% a of the bonds bid for, payable to Bonds Sold—An issue of $275,000 school bonds was awarded at (P. O. R. F. D. Houston), Minn. \ Bonds'Sold—The Security State Bank of Houston was awarded on June 4 an issue of $36,000 road and bridge 0$M Board same of Education. The District furnish the legal opinion of Charles & Trauernicht, of St. Louis, apd#will pay Jor the-print¬ ing of the bonds and the registra¬ tion fee at, the office of the State . limited Off ering—J. R. public auction recently, dicate headed by M. A. & Co., of Memphis, as iy2s, at a price of par, a Auditor. Enclose for certified check a $3,600, payable to the District. der will- be Bond Sale The — .$1,275,000 semi-annual school bonds offered St. Blewer, Heitner & Glynn of Louis, as Is, paying a price of basis a of about 0.93 %. est cost of about to a syn¬ Saunders 2V2s and net inter¬ to matur¬ 1.71 County Syracuse), N. 4: Note Sale Skinner, Bank & Harriman Ripley & Co., Inc., Phelps, Fenn & Co., Newhard, Cook & Co., and the Trust Co. of Georgia, of Atlanta, of 100.169 for River NEW YORK Bond Sale The — . be made to the purchaser on or before Sept. i, 1946, in the - City, 61-i—were awarded to Geo. B. p. .Bond Redemption — Joseph K. Costello, Secretary of the Com¬ as issue known the Delaware River Joint Com¬ mission refunding bridge bonds, Aug. 1,1943, maturing Aug. 1, 1973, bearing 2.70% interest, now outstanding in the principal amount of $37,000,000. Payment of dated said bonds will be- made upon on Gibbons presentation July 1, at the Land Title Bank & Trust Co., Philadelphia, the Fiscal Agent of the Commission, at the redemption price of 105% of the City will the purchaser. The approving Trauernicht, furnish the opinion of Charles & of St. Louis, and will pay for the printing of the bonds and the cost of the validation tified'check for to the thereof. A cer¬ $70,000, payable City, must accompany bid. awarded to Bank & iho Trust of Syracuse, at a rate of 0*55 %. Dated July 1, 1946. These notes are due on Jan. 1, 1947* The next highest bidder was the First T«ust-<& Deposit Co., Syracuse^at — offered The $28,000 school for sale on June 26—v. 163, p. 3466—were awarded to the Marine Trust Co., of Buf¬ as basis a 1.10s, at a price of 100.17, of was about 1.048%. Dated face value thereof thereof and or accrued interest to Aug. 1,1946. Registered bonds shall be presented by the registered companied transfer trar. owner, by shall be instruments or ac¬ of satisfactory to the Regis¬ highest bidder Geo, B. Gibbons & Co., Inc., for l.lOsy at a price of 100.12. on Village Treasurer, 000. $500 from Oct. 1,1946 to 1963. 256,500 park and parking area improvement bonds. Due Oct. • 1, from 1947 to 1965. . Gated May 1, 1946. Denomina¬ tion $500. The next highest bidder was Charles E. Weigold & Co., for a price of 100.23. 1.10s, at payable at the National Schuylerville, in Schuy- Bank of lerville. Cambridge, Easton, Central O. Cambridge), N. Y. Bond Sale ^ The $26,600 school bus bonds offered for sale on June 28—v. 164, p. 61—were awarded to the Merchants National Bank, Nov. are due $2,000 1, 1947 to 1956.; The highest bidders were as follows for V/\% bonds: ( * Bidder for sale on June 28—v. 163, p. 3466—were awarded to the South Shore Trust Co., of Rockville Centre, as 1.10s, at a price of 100.028, a basis of about 1.095%. $40,000 water system extension j.*10 oonas. 'Due :44/%y;&40:. >£y July 1, 1947 to $2,000 1966. of on Price Bid J. A. White & Co.— 100.765 Seasongood & Mayer—™ 100.384 *■' Euclid,: Ohio : ., ■■ . ' '(Bond Sale—The $60,000 street improvement sale bonds offered for July 1—v. 163, p. 3467— on Were awarded to Stranahan, Har-i ris & Co., Inc., of Toledo, as lYz$, at a price of 100.33, a basis of about 1.39%. Dated June 1, 1946. Denom. $1,000. These bonds are $12,000 from Dee. 1, 1947 to 1951, inclusive.; The next high¬ due bidder est Co., Ryan, Sutherland at a price of was for iy2s, -j-v Franklin ^ School Exempted Village District; Ohio Bdnd Offering — R; G; Clerk of the Board of receive will sealed Ayres, Education, bids until July 23 for the purchase building coupon July 15, 1946. Denom. $1,000. These bonds are noon on of $350,000 3% bonds. Dated due $7,000 Jan. and $8,000 Jan. and July 1, 1966 and 1970. Bid¬ ders may bid for a different rate of interest in a multiple of Yi of 1%. Principal and interest pay¬ able at the Franklin National These bonds Bank. were author¬ ized at the primary election held on May 7; No bids for less than; par and accrued interest will be considered. The approving opin¬ ion of Peck, Shaffer & Williams, of Cincinnati, will be furnished,," Enclose a certified check for 1% - of.the; bonds bid for payable to> Dated the Board of Education.. Whitehall, at a price of 100.09. June 15, 1946. Denomina¬ tion $5,320. These bonds are due $5,320 on June 15, in 1947 to 1951. The next highest bidder was Cam¬ bridge Valley National Bank, Cambridge, at a price of 100.004. OHIO following bonds amounting to $214,000 and offered tax June 28 of Hempstead, N.Y. Bond Sale—The on These bonds will Principal and in¬ Sch. Dist. No. 10 (P, park unlimited next 100.14. interest. Dated July 1, 1946. De¬ nomination $1,000. Due $2,000 July and The $20,000 — playground from July 8 for the purchase of $50,- White Creek, Jackson, Sale A. 000 water works coupon or regis¬ tered bonds, not exceeding 5% Salem the to •* 163, p. 3337—were awarded Ryan, Sutherland & Co., of Toledo, as l%s, at a price of 100.795, Si basis of about Dated July 16, 1946. Denom. $1,- & Victory, N. Y. Offering — Lillian Bond payable to ; Orangetbwh Dnioh Free Schi Dist, No* 4 (P.O. Nyack), N. Y. falo, on —v. rate of 0.72%. & after without cost to the purchaser. De¬ livery elsewhere will be made at the expense of bond Co., terest following $9,000 land acquisition bonds. Due payable at the Deposit Guar¬ anty Bank & Trust Co., of Jacksoil Delivery of the bonds will were National Bond Sale for, bonds offered for sale $75,000 Ley of 1%, and must be the same for of the bonds of the est June 26 The and Y. extension all of the bonds. bonds amounting to $265,500, of¬ fered for sale on July 2—v. 163, bid Bond be in multiples of Yk or one-tenth Bronxville, N. Y. Joint Commission bonds Board of Education. O. 1, 1947 to 1971. Rate of interest to Is. demption5-on-or after July 1* all Feb. — sewer Lincoln a day of delivery of bonds. Enclose a certified check for 1% of the receive sealed bids until 1:30 p.m. Mercantile - Commerce Trust Co. of St Louis, 1, from 1947 to 1961,; Principal and inter¬ on (P. Hughes, the est for the first three years. (P. O. Camden), N, J. cinanti. Condition of sale—cash the by Interest payable J-J. All of said bonds will bear V-k % inter¬ JERSEY different rate of interest in a Columbus, Ohio Onondaga 1948 to mission, has announced that the Commission has called for re¬ due upon with July 1,1946, Due on July 1 1958, incl. Runner-up in the bidding was a joint Offer in purchase of $3,500,000 public improvement bonds. Dated Aug. I, 1946. - Denom. $1,000. These are taxes re¬ multiple of Ya ot 1%. Principal and interest payable at the Irving Trust Co., New York City. No bids to be for less than par and accrued interest. Approving opin¬ ion of the City Solicitor of the City of Cincinnati, will be fur¬ nished without charge. Delivery is planned on Sept. 2,1946, at Cin- of the Town. next and for in The successful bid¬ furnished Education, will are due $125,000 from Sept. 1, 1947 to 1970. Bidders may bid option of Reed, Hoyt & Washburn, of New York City that the bonds are valid and binding obligations Co., Inc., and E. H. Rollins & Sons, both of New York, jointly, as 1.10s, at a price of 100.237, a basis of about 1.06%: bonds valorem property. bonds ity. Delaware the ad real Dated NEW City Clerk, will receive sealed bids untiT 10 a.m. on July 9, for be of Clerk-Treasurer bonds payable at the Port Washing¬ National Bank & Trust Co., Manhassat. The bonds are general obligations payable: from un¬ a \ ceive sealed bids until 2 p.m. on ton on 1 July 22, for the purchase of $3,000.000 2% building bonds. Dated Sept; 1, 1946. Denom. $1,000. These est i rate. will 100.48, Winona, Winona Separate Sch. Dist., Miss. MISSISSIPPI Bond the at Principal and interest payable at a bank! designated by the pur¬ chaser, subject to approval of the bonds,; Jackson, Miss. to July 9, for for sale on June 28—v. 163, p. 3336 July 15, 1946. Denomination the purchase of $30,000 street —were awarded to a syndicate $1,000. These bonds are due on bonds. Dated July 1, 1946. Due composed of Drexel & Co., Glore, July 15, as follows: $5,000 in 1947 July 1, as follows: $6,000 in 1947 Forgan & Co., both of New York, to 1951, $2,000 in 1952, and $1,000 to 1952, and $3,000 in 1953 to 1960. Weeden & Co., of San Francisco, in» 1953. The $6,000 in 1947 to 1949, and $7,000 in 1950. Enclose a certified check for; $100, payable to the Qity Treasurer. - interest anticipation notes offered for sale L. Murphy, the City. Yucatan Township of Creek Springfield Sch. Dist. (P. O. Springfield), Mo. $25,000 certificates of indebted¬ ness, to bear not exceeding 2y2% interest. Dated July 1, 1946. De¬ nomination; $1,000* Due July 1, as follows: Rate Jr., the Board of on bear Miss; Bond Offering—H. a.m. however, that each interest rate so designated shall be an even multiple of Ya of 1%, and that all bonds of the same maturity shall interest koetter, of the. bonds. Principal and inter¬ more than two different of Amory, as not 2%s. Dated June 1, 1946. Denom. rates, likewise to be desig¬ their $500. These bonds are due $500 nated in bids; provided certified check Dist., (P. O. 4 Cincinnati), Ohio Bond Offering — Win. Mieten? Hempstead; Albertson multiples of Y\ or one-tenth of 1%, and must be the same for all bids until 7.30 p,m. on Willmar, Minn. "Certificate re¬ a Cincinnati Sch. ceive sealed bids until 11 1954. Enclose $10,000, payable to the Boar4 of Education. July 9 for the purchase of $18,000 water supply system coupon or registered bonds, not exceeding 5% interest. Dated March 1, 1946. Denomination $1,000. These bonds are, due $1,000 Ma^cfr 1, 1947 to the Bank of Amory, the District Treas-' City Clerk, will receive seided 4?0, payable to lirer. are quested to designate in their bids the price they will pay for bonds bearing interest at a rate, or 163, p* 60—were awarded to —v. certified check for $1,- a Bidders District. for Manhasset), N. Y. — Bond Offering-rW. G. Bond 1966. to Dempsey, of Cleveland, will be furnished at the expense of the Bond Offering —■ Hartford N. Gunn, Town Supervisor, will re¬ equipment bonds. Dated July 15, 1946; Denomination $1,000. Due Feb. 15, as folows: $60,000 in 1947, $11,000 in 1948 and 1949, $14,000 in 1950, $9,000 in 1951 and 1952, $10,000 in 1953, $11,000 in 1954 and 1955, $16,000 in 1956, $18,000 in 1957, $19,000 in 1958 to 1960, $20,000 in 1961 to 1963, and $21,000 in 1964 3466— Co., of price of Water District (P. O. Jennings School District, Mo. Kansas City, Mo. Principal and in? itory of the City. The approving opinion of Squire, Sanders & July 1—v. 163, p. awarded to Tilney & North ; amount. or terest payable at the legal depos¬ for York, as 1.20s, at a 100.086, a basis of about 1.18%. Dated July 1, 1946. Denomination $1,000. These bonds are due on July 1, from 1947 to 1956. ;*r The $10,000 school bonds offered for sale on July 1 Bond Sale offered New The — bonds on were Bond Offering —' R. C. Luecke, following Secretary of the Board of Educa¬ bonds amounting to $45,000 of¬ tion will receive sealed bids unr fered for. sale on July 1—v. 163, til 8 p.m. on July 10, for the pur¬ p. 336-r-werel awarded to the First chase of $360,000 construction and Bond building sale Supervisors. County Sch. Dists. (P. O. Tupelo), Miss. rate — lage Interest pay¬ Trauernicht, of St. TaUmadge, of Denver; ; Louis, will be furnished. Enclose a certified check for $450, payable MISSOURI Pope County Independent Consolidated Sch. Dist. No. 8 (P. O. 44Glenwood), Minn. ^ 2s. as ber election in 1945, and are pay¬ from taxes unlimited as to able 30, $14,000 in 1953 to 1956, $16,000 in 1957 to 1961, and $15,000 in 1966 These are the bonds authorized at the Novem¬ Liverpool, Ni Y. Bond Sale The $19,000 vil¬ $12,000 June 30, 1948 to 1952 as l3As, and $211,000 maturing June to 'mul¬ a tiple of % of 1%. tion $1,000. Interest payable J-J. re¬ cently to John Nuveen & Co., of Chicago, and Boettcher & Co., of Denver, jointly, at a price of par, as follows: for $60,000 maturing 1962 ferent rate of interest in Dated July 1, 1946. Denomina¬ ^ , con¬ awarded were & terest payable J-D. sonv Bonds Sold struction bonds the; County; Depository; able J-D. Dated June 30, 1946. approving o p i n ion of Legality approved by Myles P. Charles 174,000 pavement of 1946 bonds. Due July 1, from 1947 to 1956; > (Pi O. Artesia), N. Me*. — The $271,000 Fred Taylor, — Clark of the Board of Supervisors, wul receive sealed bids until 2 — the ^ Farmers Elkton, Pascagoula), Miss. Bond Offering MEXICO Eddy County Sch. Dist. No, 16 . 4 The $15,000 school bonds offered for sale on June 26 Bond Sale NEW Orange Lake Con- | solidated Sch. Dist. (P. O, Faribault County Indep. Sch. Dist. Monday, July 8, 1945) •: — E. W. Arnold, Bond sale on 1.21%. 20 for the purchase of $1,2% building bonds. Dated 1946. Denom. $5,000. Due June and Dec. 1, 1947 to 1956. Bidders may bid for a dif- semi¬ June 29—V. 163, p. 3467— & Co., of Cincinnati, as 1 %s, at, a price of 100.19, a basis of about bonds July 000,000 June 1, $50,000 $1Q,000 awarded to J. A. White will receive sealed bids until on Sale—The Ohio annual school bonds offered for Clerk of the Board of Education, noon r Jeromesville Sch.' Dist., were Barberton City Sch. Dist,; Ohio Bond Offering ; Dated June 1, 1946. These are due $1,000 on June from 1947 to 1956. The next est bidder on a was 1, high¬ Fox, Reusch & Co.,5 tender for iy2S, at a price of V;i00.72. ' v#; .Vi'-V *• (Volumifc 164 THE COMMERCIAL & FINANCIAL' CHRONICLE Number 4505 ? > Liberty Township Fire District <t> interest cost of about 2.27%—v; 163, p. 3052-^-were sold as follows: $32,000 maturing June 1, $1;000 ill" 1947 to 1949, $1,500 to 1950 t<r 1953; $2,000 in 1954 to 1956, $2,500' in 1957 to 1960, $7,000 in 1961, 2y2s, and $143,000 maturing June1' 1, $7,000 in 1962 and 1963, yv,vvw $8,0€G« Jv» C\OA in 1964 and 1965, $9,000 in 1960 and 1967, $9,500 in 1968 andf1 sstlgf^? sSEfpSsa lilifii wmmm accompany bid. <'must SOUTH DAKOTA : will The bonds Due $800. Denomination 1946. be awarded to the /nrfepen^n" T?w?,'\'p Sch- hiridpr offprint* the lowest. rate nf e Avella), Pa. __ - . -vwwj 1 j held recently, to submit to the voters tinners a aii- Din tor mav These "are interest. accrued and itnL w™?rrvS«?™ 0?+S' i ferent rate ofinterest ina the bonds authorized First National Bank of McDonald, ftiple otM of 1%. Encloses tion held on June U. Enclose a building bonds 0f 1938, Nos. 26 to fled check for $800, payable to the certified check for 2% of the 55_ ^}" Township Treasurer. ; (P. O. 1 > . Union Graded Seminole County sch.DutNo. %s, at as a sjr. o. about »000 ^refunding bonds to/.beai* Bank, of Pittsburgh, price of 100.492, a basis Dated July 1, uiuuei: -9. hudding^bonds. Due .. iqaq djR nnn hnr.de VnndY 1947 to 1968, inclusive. The next best bid was an TDhoi'ric '"J ?iL' +« xoao' . irusi union - r . " s extensions Bond Sale—The r — —""" . Healthy, Passed-The These bonds are due on Ohio foUows. $5000 •„ 1948 ordi- $5,491.80'in and 150,000 motorized equipment of 1946, series A bonds. Due Aug. 1, as follows: $19,000 in 1947 to 1953, and $17,000 in of Netsonville City Sch. Dist., Ohio Bond Resolution Passed — The Bond Board of Education passed a reso- — joi f wSc JfnnnfW a ho 578 000 wiB in ey^temXnds/ . , ^ Eleanor Dun- Resolution Passed — The Bond City Council has passed a resolution calling for the issuance of $20,000 fire equipment bonds. Reading, Ohio Bonds Authorized— The City ' These bonds were an approved at $32,000 sideWalk improvement bonds offered for sale on June 25—v^ 163, p. 3467 —were awarded to Stranahan, Harris & Co., Inc.; of Toledo, as Is. - — - - . . - - Braun, Bosworth & Co., Inc., for l'As, at a price of 100.38. _ _ .. . 119, basis a of - about 1.895%. Dated June 1,1946; Denomination X T- • _1 -1 X ... ... OKLAHOMA Chandler Sch. Dist., Okla. — The $2,700 trans¬ First' National Bank, Chandler, jointly, as 1946.: --m = • x- ~ Denomination ay by ot bt. Louis. . \ Hawkins Indep, Sch. Dis^ Tex** , , a.,771 . 3468—were awarded to1 a syn- jbonds are due $10,000 <%] ...1~ *v. fe' ?!'' ^erwas Pondronf & CO. to any call date subsequent to P; Aug. 1,1947. r ; m/ic Dated Aug. 1, 1946. fi oi nnn 8nnH<! Denomina- nf. surrendered in Bank & Trust Co., of St. merce all $200,00 series F, street and highway 1929 bonds. Due from Aug. r, 1947 to 1986. 250,000 series D, sewerage of 1929 $16,000 2 Jo and 2/4% refunding bonds was approved on June 15 by Attorney-General. rv bor?d?-_Due from Aug- !» 1947 Hidalgo County Water Control and? to 1986. 75,000 Wheatland, Pa. Improvement District No. 2 series C, fire station 1929 bonds. Due from Aug. rel r Loilis> A. W. Snyder & Co., of Henderson and Anderson Countie* Houston, and McDougal & ConLa Poynor Community Rural don> of Chicago, as 2y4s, at a price High School District No. S3 ,, of 100.41, a basis of about 2.22%: (P. O. Athens), Texas exchange wa®dsdSBoroureh "s^retlrt' Oct. 1, 194ft iley & Go.. Inc.. Mcrpantil^rmn- of 1, 1947 to 1986. A (P. O. Edinburg), Texas Sold—An issue of $223;and 3V4% series of 194Cv Bonds 000 3% j J'7,1 r® " ' - ~ »na of.7. series ot u*s.. Dated Aug. 1, 1946. Denom. $1,- bonds was purchased recently b* , b COUDOn York, Pa. J ° $50 00 Y - *1 all of the Call» Parkhurst bonds. Sumter,' S. C. Bond Sale for sale —were — & Co., of Dallas—v. Clarksville ... Independent Sch. Dist., Texas • J. XXV. —v. June 29—v. xuo, p. 3468 163, uiuo awarded to E. H. Pringle Bond Sale 000 school uuu'scnooi f0r sale on & Co., of Charleston. Dated July to l, Dallas, at Denom. $1,000. 163, p. 3196—. These R. A. Election—An Bond 40,000 street improvement bonds, on 1946. on a Houston, Texas The $340,000 genvpo-IUjUUU ^cxieral improvement bonds offered — Crowe, & road bonds ; Bonds Purchased — The follow*ng 'bonds amounting to $100,000 and authorized at the election bonds. SOUTH CAROLINA tiple of V\ of 1%, which must be for was 'Purchased.recently by F. G. Mc^ |[Hockley (P. O. Levelland), Texas* .'Dallas. & Co., of Houston. 1I Bond. Sale Details—The $750,OOO4 ' ' _ » . awarded May 21 to* : Canyon, Texas syndicate headed by Crumrner* IASj at a pnce 01 iU1*in' Aug, 1, 1947 to 1960. Bidders to the rate of interest in a mul¬ same bonds nnK locnmiai, rooie & uo., ] at a nrice of 101771 name the construction ' $1,000. both of receive without charge the opinion of Burgwin & Churchill, oi Pitts1V4S. \t/ on inter- ' ^ portation equipment bonds offered Registerable as to principal only, for sale on May 14, were awarded No bids for less than par and acto the Union National Bank, and nniiArl interest. The purchaser ""H crued will the - , - price of 100.731. \~*ao~ Sale any s2e on hme'skfllf ir? « ^mrb irt .1' 5 ' Pw!l6t~ r!in!rtS , ?o to „ A-.. Webster East Bethlehem Township Sch. Dist. \ inS P ?' (7\ O. Fredericktown), Pa. w r? . 2 Va, asls Bond Offering-Chas S. Seaton, D3t«d„J^y 1. 1, Bond at or , $1,000. These bonds are due $25,- These bonds are due $2,000 from . Bonds Sold—An issue of $75,000 J !• . efi sf th Jr?JLzJL' f000. These bonds were authorized McRoberts, Graham & Co.; of Sa® ^ 'h bonds Dated at the election held on May 4, Antonio. Dated May 1, 1946. Isj^iv 1 J946 These bonds are due 19?9- Interest payable F-A. sjued for the purpose of refunding non Vm Tniv 1 in 1Q48 tr> 1Q52 Calallen ir*A»n S^h-Dist r<»<M a ^dike-amount of outstanding^ $1>000 on July 1, in 1948 to 1952. CcdaUen Me^Sc^^^^tae ;bonds> Legality approved due $16,000 July 1,- 1948 and at a 1949/The next highest bidder was ' . AAA :000.construction .and equipmwit'. bfwj? was favorably voted at th®- 163, p. 3468—.were awarded to E. H. Rollins & Sons, of Pittsburgh, as iy2S,.at a price of 101.- J. are _ to Floydada Indep. Sch. Dist., Texas* Bonds Voted—An issue of $100,#T interest-pay- f TEXAS I : Bond Sale—The $100,000 schoof ing date; provided notice of, * ;house bonds offered for sale omi such redemption shall have Beaumont, Texas j June 25—v. 163, p. 3339 — wer^ been given by publication at Bond Sale — _The following awarded to the Dallas Unioi* least 60 days prior to Aug. 1, ;bonds amounting to $525,000, of- ,Trust Co., of Dallas, as l%s. Date® 1947, or at least 60 days prior fered for sale on July 2—v. 163, july lf m6 Denom. $1,000. These 100:178, a basis Of 000 on June 1, from -1 1948 '■ 1969. to T-r 1.2 about 0.928%. Dated July 1,1946/ The next highest bidder Denomination $1,000, These bonds t^aaan Bipley .& Co., Inc., for-l'^s, price of a APriL1V I946- Eenom»: V'900 and ^50°- Interest payable□» the S —v. Toledo* Ohio- at , bonds offered for sale on June 28 Sale—The Bond to the last previous Baldwin Township Sch. Dist. (P. O. Pittsburgh), Pa. Bond Sale—The $550,000 school ,: Due Aug. 1$ 1947 to 1952./ / 42,000 2%% water works an«f sewer system revenue bondsL Due Aug. 1,1952 to 1969. auditorium submitted water works an® system revenue bonds; sewer 3% vrater works-bonds was pur- bsc ione. therefore. ^ and election held on May 7. 1947 accrued interest thereon from bonds PENNSYLVANIA be 1 Treasurer's office of Washington -n / ' ' bonds pxrhanffeCounty or at the fiscal agency of nf+hp nffiop of tbp Citv Ton the State in New York City. The at °t.ion of holder at anv approving opinion of Teal, Win- timp*fnr rp«istPred bond or bonds free, McCullock Shuler & Kelley, of same mfturity and deil0minaof Portland, w, will be furnished. ^Ition or —ix:„i~ xi A xi— — multiple thereof, not ex<• ^ SS certified check for $1,000, must|ceedjng |be aggregate principal amount of the coupon bond or accompany the bid. nance $127,000: $100,000 incinerator, $27,000 flood control bonds. fl/lf* ,. recently passed an ordicalling for the issuance of1 the following bonds amounting to Council — -------xr— G?KI1 est-oaving date thereafter terest Feb. 23,payable: Principal -and in1946. at the County Ravenna, Ohio municipal will . 2y2% chased recently by the Cumber- Groveton 'Indep. Sch. Dist., Texaor land Securities Corp. of Nashville. , Bonds Approved — An issue ©E Slhe face anmunt of the ;Bated May l, 1946 Legality .ap- ,$24,000 refunding bonds was a*bonds then outstanding and proved by Charles & Trauermcht, proved recently. Aug. 1 aBd are part of the $280,000 issue authorized at the election held on $650- 000,000 bonds 3% 1971. i _ 1 , Bond Election—An issue of $4,- ic. ,h^tfVh J in 1948 t0 1950' and $5,000 in 1951, = Tenn " April 1, 1947 tt* street improvement bonds/ Due April 1, -1954; tON WWUVJ Superintendent of Schools because the act excluded voters in the City of Knoxville from voting in the election. demptionandpre-payment on school bonds, to bear not exceedinS 3% interest. These bonds are dUe 011 Aug* 1 8S foll(>WS: $15,000 fniwin** Thn ^ —-o Waynesboro, Tenn. for the can, nw j. — — " - Due 1953. 85,000 . Nashville hAV»W« District Clerk, will receive issuance of $197,500 building, site sealed bids until 8 p.m. on July and equipment bonds.; 18,v, for the purchase of $50,000 Vhroiinn act.authorizing' aild $22»000 in 1957 to 1966. voters at the primary election 250,000^ sewage disposal of 1946 be held on Aug. 1. and Offering „ , . _ 1954. Multnomah Counties Union High Sch. Dist. No. 10, Joint (P. O. Beaverton), Ore. Washington $1,000. These bonds are due $5,000 Get. 15, 1947 to 1970. Denom. ». ^vate County Court to issue school amounting to $1,000,000. a Private act creating a County Board of Education and a County . 8,000 Rnorrl rcf 3 _ « j 450,000 funding of 1946, series A bonds. Due Aug. 1, as follows: $23,000 in 1947 to 1956, 1946. July 2, t /957 The next 1958. 7 2900 2, July Dated °f bonds. The Court also declared invalid JLJ.AVM4.XV4. 1946, series A bonds. $55,000 Aug. 1, 1947 to oc Rnnxi ing bonds amounting to $150,000, awarded recently to a syndicate" headed by Rauscher, Pierce H" Co., Of San Antonio—v. 163, bonds $55,491.80 sew¬ awarded to the Bank 1.067%. June 10, calling Bond Sale Details—The follow¬ 3468—were sold at a price of pa*: estate Supreme Court is re^. State supreme ve-1 j7v ^i.ai^nCe ported to have declared unconsti- $15,000 2/2%,street improvement the KM™8* TriprVo^^and FoSrdyCceatSCo' ass vssrtrsfva >A •« * - *»«s on Eldorado, Texas same iine The f»?0 bear not exceeding 4% Due were Ordmance lution thl ~ Tenn. I interest. bonds offered for sale on June — . an At : sew Bond Legislation Invalidated— I $1,100,000 general public improve¬ 26 n.. Village Council passed fhat hn that he wnll i; roooitra will receive sealed bids until 10 a.m. (DST), on July 16, xui the purchase of the u«v xv, for mc puiuwsc ui mc Albany and the First National Bank of Albany, jointly, as Is, at a Price of 99.55, a basis of about and equipment bonds carried at the election held » $200 ftft 7ce®e ^0 P^k bonds failed following bonds amounting to $1,- - er construction u, and ' Bohds Defeated ^ r . ment of juus u , - Was uie was 100.905 Albany, Ore. Morgan Township Local Sch. Dist. (Po O. Hamilton), Ohio Bonds Voted—An issue v/x. $71,tviicu xxn JCOUC- of yix, June 18. . OREGON iy2s. on ■. "i were 1040 nnimppd 1949 nounced $2 500 rTtTj""EdtSflT ^ G. Becker & Co., Martin, Burns & Corbett, Ryan, Sutherland & Co., and H. V. Sattley & Co., jointly, of 100.4495 for Donald & Co., A. 000 inclusive ' and J? 5 mcAuslve' ana ^'ouu Mc- & Co "Ppnn <C9 000 from S2 Oftn frn™ Hno Due 1952 in Co. of Trust Northern the by offer Approved—An issue oS $156,000 2V4% and 2%% refunding bonds was approved on May 28, by the Attorney-General. 7 :1955. -7\vBond Offering — Edward R. 10 carry. ioioo: transportation equipment Frey, City Controller, has an- Knox County. (P. O, Knoxville), July 15, 1946. 1, from and Dec. June 1 As, ..Jntemt n Texas Bonds 0.795%. R on ? and m jMl+PstWa-lMpMa* SaKfiDid bear not was ap¬ held on flfin Bond Sale —The $55,500 bonds offered June 26, were awarded to the Security State Bank*of Weof: I woka. Award consisted of • Chicago, and Hayden, Miller & Ldsnnn huiidina k a w I^iusdui Co., of Cleveland, as iy2s, paying' as a 1954Vinclusive) and $9,000 in price of 101.1599, a basis of ^ n:.—i . to ^\'q29 Wagner School 0»<ricf, S. Do*.' Bonds Voted—An issue of $30,- Pa*aoie -• Bowlegs), Okla* 1946 Bond Sale- The $55,500 bonds Toledo, Braun, Bosworth & Co., nm -L: n^.„« Inc., the First of Michigan Corp., Due ,°nds* ^ A/11" •• 5 abo«a^ri^eaVui7i!l Rnnfl Voted —■— The following V/v; Eagle Lake, Texas ^ Dprinminatinn Thoco Bonds Bonds Approved—An issue ot 000 u6aooo 3 APPr<>ved—An Zds^C So''^from* Julv !?onds amounting to W' election!—x—v i%% and 1%% water frL T»lv bonds ^7e"due 000 $600~000~were ap^948 to 1957 The nexthicheS £avorably voted at the election $601000 and uo., held bJdder wa the Union Trust Co main on June 28: $400,000 water proved purchase bonds the AfV system on Jun by 82KL2!8 12? Pittsburgh, for Is, at }™?LCoJi main extensions, and *2ftn m sew. Proved on June 12 to a price °M age line extensions bonds.' ' | torney-General. of bf New York,'the Ohio Co. of CoH lumbus. lumbus, C. F. Childs & Co., of about 1.38%. Dated bonds*116 °f $125,00° hosPital", . Ion National „ .. • McKeesport,Pa. meeting 5aie—The $200,000 semi-(exceedw?# ®5°?ds to J?M00 sewer_system and garbage a]?nual general obligation bonds Droved iff in.ter®st» dlsP°sal bonds on defeated offered for awarded to the 164, election the election heldwas June 18. at P« 63—weresale on July 2—v.Mel- June 18 TENNESSEE semi-annual building and improvement bonds offered for sale ico oom on July 1—v. 163, p. 3337—were awarded to a syndicate composed of Harriman Ripley & Co., Inc.; Stranahan, Harris & Co., Inc., of t..i„ • Enid, Okla. «J?n?nS Defeated~An issue Of $2,100,000 cou- pon — ... Enid. Okla. Cihit* Marian ) Sale—The' amount bid. ; . Marion City Sch. Dist. Bond at^ ele<c" io at a duij' v.«u iw ni^«+«re Details—The $175,bonds offered . May 22 and awarded issue to: $55,225,000^ the voters atk be held on July 27. amounting will be submitted to the election to i Humble Independent Sch. Dist., 1 house Underwood a bonds Bond Bc„_ Sale Texas '. ' \ Details—The ;$200,- & Co., of 000 construction bonds purchasec* price of 100.01; a net decently by the R. J. Phillips in- m m TTOT„ IIGI*Eft*S?*?, t it," Avj^; ?;''-Vf»'4-".^i\ f&f*. a, syndicate composed Dallas, Rupe &. Son, of Dallas, Columbian Securities Corp., of Texas, and Russ & Co., both of San Antopio, at a price of 100.019, a net interest cost of 1.68%: A " vestment Co.,' and J, Wylte Harris &"■ Co., both of awarded, ta of HoustoJn, jointly— y.jr1 «h?^r.'^»^^J^J.QfidJ'U 1 JT~ 8j 1-946 '-U '%'\&.:~ '•<+'<**'* Wellington Indep. Sch* Dist., Texas gality approved- by McCall; ParkBonds Sold—An issue of $155,-v burst & Crowe, of, Dallas, ;S3|| St. Albans, Vt. 163, p. 2499—were sold as fol¬ 000 2 % % series of 1946, refunding Bond pfterte^~Guy Jjj lows: $12,000 maturing $1,000 in ; Wooivilli, Texan, Bur^W, bonds was p^ucha^d recently., by Bonds S. o 1 d,— The following Mayor,- will receive' sealed bids :{[*$ "• f 1947, $2,000 in 1948, $3,000 in 1949 R. A. Underwood & Co., of Dallas. bonds amounting to / $80,000* are until.;H$t"p.m. on July 8;.for the-' •' to 1951, as. 1 ¥2 s, $30,000 maturing jl $4,000 in 1952, $6,000 in 1953 and $1,750,000, Interregional Highway Dated/June, 1,1946. Issued for, the said to have been sold: $15,000 purchase of the. following bonds t "■ j street improvement; $15,000 water amounting tp $25,000; * bonds. For 1954, $7,000 in 1955 and 1956, as $525,000 maturing purpose of refunding a like system revenue, and $50,000 sewer. $16,000 .refunding bonds, to 2s, and $158,000 maturing $7,000 July 1, $87,000 in 1947, $88,bea^ §> in 1957, $8,000 in 1958 to I960, $9,- ^,}i/ O00. in 1948, nat $87,000. in 1949, exceeding .-3% interest; : f 000 in 1961 and 1962, $10,000 in Dated Aug. 15,1946. Due Aug. W $88,000 in 1950, $87,000 in ; 1 1963 to 1965, $11,000 in 1966 and #j.yj *. 1951,, $88,000rin; 1952, as Is, 15r as follows:.$5,000 in>1966 1967, $12,000 in 1968 and 1969, and $1,225,000 maturing July and' 1967,: and $6,000, ih-dOOa.1 \ "• $16,000 in 1970 and $17,000 in 1971* 1, $87,000 in 1953, $88,000 in -•.Principal- and. interest' pay¬ as ~2%s. Said bonds are callable able at the'Peoples Trust Co., 1954, $87,000 in 1955, $88,000 after 15 years..-V:-p//■•'"/ ; in. 1956, $87,000 in r of St< Albans,. 1957, $88,1 •' i, some on July 9, one on July The Secretary of/the Board of /<: 000 in 1958, $87,000 in 1959, ;9,000 refunding water bonds, tq 10* the remainder on July 30, for the purchase of - a "total of $87,552,4 1>;/1 bear not Education has advised that the $88,000 in I960, ; $87,000 7 in exceeding 4% interteMWW above companies are under con¬ 1961, $88,000 in 1962, $87,000 Herewith we give, a listing of-the various 1 est. Dated Aug. 1, 1946;" DUe tract to purchase only $125,000 of i. Win 1963, $88,000 in 1964, $87,/Aug., 1, as follows: $5,0001 in the above bonds, the. balance of 000 in 1965, and $88,000. in 'I/. 1958, ahd:$4,Op0 in, 1959/PrinList. No. 1 ' - * $75,000 will be placed " on the 1966, as. f%s. cipal and. interest' peyabl^ at Bid Opening July 9, 1946 1,500,000 Airport Administration the First National the v. , , ' . - . - " _ 7 ioan;n^tes:. - . \' Building, bonds. For $450,000 maturing; $75,000 July f, 1947 Jackson County Road District No. 2 (P. O. Edina), Texas thorized the at held election to 1966, 2,000,000 % Street and Bridge bonds. For $600,000 maturlrig 'M 4$1OO,O0O July: 1,1947/fd 1952, on and $1,400,000 maturing May a.. $100,000 July X* 1953 to "1966, Jefferson County (P. O. Beaumont), Texas, l%s. as county Disposal bonds. $90,000 maturing $15,000 July 1, 1947 to 1952, as Is and $210,000 maturing $15,000 July 1, 1953 to 1966, as 1 %s, For road bonds : will be resubmitted to the voters ' * •: at an election to be held on July 386,00Q . $1,000. / Bids to be made separately for each issue. Maturity. : Aug. 5, 1947 , Conway, etc.) Asbury Park, N. J Augusta, Ga. 213,000 328,000 326,000 13,183,000 9,210,000 1,685;000 1,585,000 Aug. 5, 1947 Aug. 5, 1947 Aug. 5, 1947 BflhteF^W. ——— — Aug: 5, 1947 Boston, Mass Aug. 5, 1947 Buffalo, N. Y May 6, 1947 Decatur, 111. Aug. 5, 19,47 Jersey Cjty, N. J.______ 6,242,000 Aug. 5,' 1947 Los Angeles Co., Calif Wii— 5,899,000 ' May 27? 1947 Lubbock, Texas 476,000, Aug. 5, 1947 McKeesport, Pa 996,000 Aug. 5, 1947 Meridian, Miss. 341,000 Aug. 5, 1947 Middletown, Conn. _________930,000 Aug. 5, 1947 New. Orleans, La, 2,600,000" Feb. 25, 1947 Orlando, .:Fia:; 364,000' •; Aug, 5,1947. St. Clair Co., Ill 2,1-19,000 -Aug. 5, 1947 Upland, Calif. 345,000 May 6, 1947 - ________ Johnson County (P. O. Cleburne), Texas /////.. v "" WW Election — The $300,000 hospital; bonds/will be ^submitted to J the voters at: the election to be held on July, 9. Bond . county ;; , • La Vega r Indep. Sch. Dist. '4 . (P. O. Bellmead), Texas ' ^ \ Bond Sale—The $100,000 school bonds offered for sale on June 27 v . ;; were / : Co.", and the Columbian Securities Corp., of Texas, both of San An- $7,009 in 1966, These bonds were authorized at the election held on The next highest bidder June 15. R, A. Underwood & Co., and Robert A. Levy & Co., jointly. ' wag . Marion County (P. O, Jefferson), Bond Call—-Mrs. Ethel Arnett, has announced that she will call for payment on Aug. 1, on which date interest ceases,~all outstand¬ ing 6% series of 1932, public debt refunding / bonds, of. an./ issue amounting, to $109*180, dated Jan. 1, 1932, and maturing Jan. 1, as follows; $2,180 in 1933, $3,000 in 1934 to 1938, $4,000 in 1939 to 1946, $5,000 in 1947 to 1952, and $6,000 in 1953 to 1957. r Said bonds shall be presented,to the Manufacturers Trust Co., New York City, where they will be re-; deemed at par and accrued inter¬ est. y ■" /:W: /; For. convenience of holders ar¬ as l3As. was Sachs * Chesterfield, County Manchester [ 1 Goldman San Benito Indep. Sch. Dist., ■ ' f-Texas Bonds Approved—An issue of $60,000 construction bonds proved recently. was ap¬ , Bank 7Texas ;:V Bonds Purchased—An issue of $50,000 road bonds authorized at the election held on May 18, was purchased recently by J. L. Wright St Co., of San Antonio. Mills § County Consolidated Sch. out. No. 14 (P:O. ■;■/•/''/■ \"V Priddy), Texas WW, 5 / Bonds issue Sold—An of $35,- Feb. gen—J :. era! improvement of 1946 bonds / offered for sale oh July l~Pv/163v p. 3340—were awarded to Harriman Ripley & Co., Inc., and B, J, Van Ingen & Co., of New York, 4, 1947 J ( ' : Texas ; Bonds Sold—An issue of $275,000: building bonds has been pur¬ chased recently by William N. Ed¬ wards & Co., of Fort Worth. These Pecos Indep. Sch. Dist., bonds authorized at the elec¬ were tion held on San Bonds These bonds are due on / ! July 1, in W:k^ 1947 to 1971. Interest payable Amount J-J., ! Maturity Fredericksburg, Va. $ 948,000 Aug. 26, 1947 Bond Sale—The following bon<?s ! 18,479,000 Feb. 25, 1947 > 1,219,000 Aug. 26; 1947 amounting to $750,000 andioffe^qd. for sale on June 28—v. 163, p. v> 1,536,000 Aug. 26, 1947 • 593*000 Aug. 26, 1947 3468—were awarded to, Halspy, ',:/ ^ Stuart & Co.; 'Blair & Co.; Inc.^ 1,003,000 Aug. 26, 1947 and the First of, Michigan; Corp.,/,, l| 1,445,000 Aug. 26, 1947 521,000 Aug. 26, 1947 qi Now: York, jointly, as l^s^at a; Wj,i |i 788,000 Aug; 26, 1947 price of 100.437, a basis of about 1,427,000 Aug. 26, 1947 1.213%: ; 263,000 Aug. 26, 1947 $400,000 Kennore Drainage bonds." y i ^Due July, 15,1950 to 1969, Aug. 26, 1947 177,00Q / Feb. 25, 1947 150,000 School Expansion" bonds. 105,000 |l r/Due Juiyl5,195O tol900.; .1692,000 Nov, / 4, 1947 ' 1,783,000 Aug. 26, 1947 75,000 Water Improvement bonds. %I " Due July 15, 1950 to 1969. *•;./• Jl,358,000 May 27, 1947 i 75,000 Gas Improvement bonds.: Due? July 15,1950 to 1069; $32,337,000 50,000 Court House Improvement : obligations of local public housing r, bonds, Due' July 15, 1950' td public bodies corporate and politic . Montgomery, Ala. New Albany, Ind Newport, R. I._ . Paterson, N. J > _ South San Francisco, Calif. Tuckahoe, N. Y __ _ . . .. . ... - . — Bonds Vote&r—An issue of $180,bonds carried at : Wilmington, Del. Woonsocket, R. I 000 construction election held an on , June 1. The Issuers—The Notes are or, . Clung & Knickerbocker, Houston, according to report. agencies (the issuers) which are Dated July 15, 1946. Dendms. $1,000 and $500. Interest payable in 2,/iM.'*^' J"Jand of Purpose of Financing—The Federal Public Housing WASHINGTON with the issuers to assist theirTexarkana Sch. Offering-l^L ceive sealed bids until 8 p.m. on Lpan Contracts the; FPHA, has agreed; July 16: for the, purchase of the delivery to it of definitive, following series of 1946, school tfiat prior td the issu^ce and bpnd^/l^/v^^ house Seattle LoCal development^of .thh Pteie<!.ts by loans Dists., Texas% in amoimts equal to 90% (or, in the case, of projects for persons en¬ W. Stilwell, gaged in war activities, 100%) of the development cost§. - Under these Superintendent of Schools, will re¬ Bond , , Jmprpvejnent Bond Call—H. L. \ Collier, City i Treasurer, has announced that, the' following bonds were, called for;; payment,on June 5? on which,date; interest ceased; \ * < ii j - complying with the provisions of the Loan Contract. / The Temporary Vh&dsion:' Slreet- Disfcict- 3N;b.''$597^ bonds, Nos. 1 to independent school dis-Wjayvplsttlct tto,'56Q£ "trict bonds, / " W capital in.the development of thq projegts/apd to reduqe; the, carrying '•A 'V •-»1 409,000 junior, college, district charges of thg issuer by.the safe of. short-term Notes bearing interest bond, No. l. ? 000: $867,000; — Texas' The following bonds amounting to $5,700,000 and offered for , bonds?: - These sale recently, at very much, lowe^ rates, than the FPHA is permitted to charge. The bonds are all, dated July proceeds of these Notes are used to pay costs incurred in the develop¬ 10, 1946. r were *: ment of the project, j Fayette County (P. O. Fayette* to refund, renew, or extend outstanding notes. I' ' ' : ville), plan is to borrow funds, from others than the FPHA in anticipar f uri«f Bonds Sold—An issue of, $50,- tion of the advances to be made by;it under the Loan Contract, Thec derstand that Stranahan, Harris &' 000. paying bonds is: said to; have Notes are issued after the FPHA has approved a requisition fof an Co., Inc., of Toledo, have been %hree}Rivers, Texas or The advance of funds to the issuer in & Co., of San Antonio. , Antonio, I I • | to pay and Tulia, Texas an amount which will be sufficient the principal of the Notes with interest thereon to maturity after the FPHA and the issuer have entered into requisition water -works was ratified at cently.'1 an revenue bonds election held re¬ chase a the 20-day option to bur$1,000,000 1V2% public of such advance to the the Notes on or paying agent designated by the purchaser of before the maturity date of the Notes. The Notes are payable out of the proceeds of the advance to be made by the FPHA. school improvement bonds, offered for sale a Bonds Voted—An issue of $60,000 granted Dated July 1, $500. These on June 20. 1946. Denomination bonds are to 1979. ' due in - July, from 1947 , , f >'• bond^ amounting to $1,207,- May 11. Sold : ; Date^ July.1;l£>46;pehom. $It000; indicated) as " Q00 3% series of 1946, school bonds was purchased recently, by. Wil¬ liam Ni Edwards & Co., of- Fort Worth. Dated May 1, 1946. Legal¬ ity approved by McCall, Parkhurst & Crowe, of Dallas. ' * , *.7' 7 " i < , - in Menard County (P. O, Menard)* V , , Bid Opening July 30, 1946 Chicago, 111. / i - jointly,' as' 1.20s,/ at ar price/ oW 100.1009, a, basis of about 1.19%. (Notes dated Aug. 20* 1946 and maturing Erie, Pa 1% , Bonds Sold—An issue of $100,Austin, 000 water- works bonds authorized where they may be presented on at the election held ori -May 28 said date at the. holder's, option. was, purchased re.cently, by; McNational $100,000 Mason, '• of/ Lynchburgh../ Dated K'tf* July 1,1946. Denom. $1,000. These J I,bpnds are due from July 1, 4948' / I to 1956. Interest payable J-J. > ■ List No. 3 Tucson, Ariz. _»// Silsbee Indep. Sch. Dist., Texas rangements have, also been made to take up these bonds at the Cap¬ ital The bonds offered for sale, on June 28—v. .163, p. 3468—i were awarded'to Bcott, Horner Maturity $ 7*990,000 Local Authority Bethlehem, Pa. — Bondv. Sale—The $250,000, Amount Pensacola, Fla/ Philadelphia, Pa. Portland, Ore. f Shreveport, La l%s, af aprice, p| 1Q9J>7. Bond) Sale . Danville, Va, Authority & Securities Corp., New York, Stone & Web¬ ster: Securities Corp., Blair & Co., Inc., Shields & Co., B, J/ Van Ingen & Co.y Equitable Securities /Corp., Lee Higginson Corp., A. G. Becker & Co., Milwaukee Co., William Blair & Co., McDonald & Co., N'ewhard, Cook & Co., McDonald-Moore & Co., and New-: man Co;," jointly for $5,700,000 J:Mdgi9tepfo$apitafy< Qisirfci? \ i ; (W: ChesierttydXVammmtf water" system (Notes dated Aug. 2, 1946 and maturing as indicated) City, N. Y._— :ih* ' List No. 2 New York consiaerea^ VIRGINIA Bid Opening July 10, 1946 Local De the genuineness / by,^. and " their legality" will be approved by / /-,;1 CharlesD. Watson, of St."Albans,:: K'-J Union &/ Co., to as _________ Interest payable, J-J. The next highest bidder, interest w-ui The bond® will' be, authenticated _________ in 1958, $8,000 in 1959, $7,000 in 1960, $8,000 in 1961, $7,000 in 1962, $8,000 in 1963* $7,000 in 1964, $8,000 in 1965, and awarded to J. L. Wright & fonio, jointly. $8,000 in 1951, $7,000 in 1952, as Is, and $105,000 maturing July 1, $8,000 in 1953, $7,000 in 1954, $8,000 in 1955, $7,000 in 1956, $8,000 in 1957,'$7,000 , . _____________ 150,000, Fire Station bonds. For $45,000 ' maturing July 1, 1/ $8,000 in 1947, $7,000 in 1948, : $8,000 in 1949, $7,000 in 1950, Denomination cruea — ' $6,600,000 $ —.... j Boston. indicated) Eillf/Amount v.: ™:... ___ Second Bond Election—An issue ; ; 300,000. Garbage of as Arkansas Reg. (Co.'s Cleburne, l%s. as maturing \i Local A„, The $35,000 road bonds were 'purchased re¬ cently by Russ &, Co.," of San Antonio.; These bonds were au¬ — d ■ Authority fi; to 1952, as/Is, ahd$l,O50,OOO ^tnatufipg $75,000 July" 1, 19J53 Albany, Ga. ' Bonds Purchased Bank, of %mm. ;