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H#i*»*awWM6r.
fjUN 18 154)
zi*
MONDAY
Financial
Reg. U. S. Pat. Office
Volume
165
Number 4603
New
York, N. Y., Monday, June 16, 1947
Price 75 Cents
Copy
a
General Corporation and Investment News
RAILROAD
PUBLIC UTILITY
■
Abitibi Power & Paper Co., Ltd.—Calls 5% Pfd. Stock
All
the
of
outstanding 14 shares of 5% cumulative preferred stock,
have been called for redemption on June 20, 1947, at 100
par
$100,
and
dividends
amounting to
$5.62
share.-r-V.
per
165,
1061.
p.
Period End. May 31—
1947—Month—1946
Bales
$1,090,005
—V.
165,
$6,419,067
in
Chicago
1949,
$7,156,991
&
and Kansas City,
stock
and
The directors
It
recently voted to omit the
is
payable about this time. On March 17, last, a distribution of ten cents
per share was made,
which compares with 20 cents per share paid
quarter during 1946.
In addition, the company on Sept. 9, last,
dividend
extra
an
of 20 cents per
the
R.
law
Bartels,
firm
of
the
company's
Lundgren,
counsel
general
Bartels
&
holders
and
addresses
New
directors.—V.
165,
of
partner
and
2541.
p.
Gross
1947—Month—1946
April 30—
$3,206,779
1,144,127
revenue
Operating
Prov.
expenses
—,
for
depreciation—.
Amortization
of
plant
acquisition
adjusts.
General
48,766
48,766
723,716
643,707
585,193
&
profits taxes
Gross
Int.
of
premium
4,378,219
4,098,082
$8,981,399
debt
di^c.,
243,622
238,136
dedeuctions
2,929,195
2,854,801
5,004
60,052
87,242
5,488
Cr3,130
49,514
41,800
$730,860
$603,118
236,813
$7,289,217
1,260,016
$5,997,555
105,000
$625,860
income
Dividends
$372,305
pfd. stock
on
Balance
•Before
2,316,717
$6,029,200 *$2,680,838
appropriation to special reserve of $666,667.—V. 165, p. 2921.
stock
Raymond W. Marshall, Chairman of the board,
of
election
the
of
Mr.
A.
Wooten
operates
more
Alaska
States.
which
Wooten,
four
who
and
resigned
deposit
with
being
mailed
to
Louis
Additional
require
after
are
Chicago
and
letters
Gulf,
Mobile
&
Ohio
RR.
Co.,
a
following
corporation
in
July
fleet
seven
includes
series
new
B
Gulf,
bonds
The
and
stock
common
Gulf,
in
tional
a
Mobile
bearer
Mobile & Ohio RR.
dends in
will
upon
will
not
be
surrendering
shares
accordance
delivered
be
Dividends
whole
of
issue
of
the
to be
certificates
scrip
on
same
stock,
of
are
lieu
paid
the
common
with the terms
in
for
will
for
certificates
time
that
the
bond
more
of
Manager
the
exchange
request
at
agent
is
presented for exchange, the bond will
new securities,
after being perforated
by the exchange agent and stamped with a legend reciting concellation
for all purposes except to evidence the
right of such bearer or regis¬
returned
tered
to
owner
claim, if any,
a
against the Baltimore & Ohio RR. Co.
Coupons appurtenant to Alton bonds of the above issue which became
payable on or prior to Oct. 1, 1940, should be presented for collection
the
at
office
tribution
or
of
Gulf, Mobile and Ohio RR. Co., Mobile, Ala.
No
payment will be made in respect of any other coupons
convenience,
they should be
surrendered
along
with
the
new
securities
and
cash
will
be
than
Alleghany
in
40
Quar. End. March 31—
1947
securities
from
income
Prov.
for
$237,438
Fed.
taxes
portion
Federal
prior
$312,866
20,000
165,
35,000
$231,939
$352,456
$292,866
$556,420
to
applic.
CrlO.OOO
of
income
$231,939
$352,456
$292,866
139,145
1,755,771
662
$566,420
4,829,195
ager
the
Contract
Air
Cargo
Division.
He
will
be
responsible
for
the
merging of CACD into the common carrier operation of American
previously announced.
James Wooten, General Manager of CACD
June, 1946, when it was formed, is leaving American to become
President of Alaska Airlines, Inc.—V.
165, p. 2921.
us
since
Alton RR.—Plan of
Pursuant
Court
for
to
the
an
order
Northern
ceedings under section
zation
for
this
Baltimore
Stock
Curb
Exchange
District
77 of
company
Reorganization Consummated—
entered
May
of
1947, by the U. S.
Illinois, Eastern Division,
28,
the Bankruptcy Act,
and
Kansas
City, St.
Exchange
&
Exchange
37
Chicago Stock Exchange
38
Cincinnati Stock Exchange-.,
Cleveland Stock Exchange
39
38
Exchange
Los Angeles Stock Exchange
39
Philadelphia Stock Exchange
Pittsburgh Stock Exchange
RR.
FLORIDA & NEW JERSEY
St.
40
Stock
Exchange
Stock Exchange
Stock Exchange
Curb
;
rate
41
43
__45
Over-the-Counter Markets
46
Transactions New York Stock Exchange
Transactions New York Curb Exchange
Stock and Bond Averages
28
28
28
30 BROAD STREET
Telephone• HAnover 2-2600
Bell
Teletype: NY 1-673
in
with
accordance
the
of
terms
to
equivalent
amounts
represent
dividends
on,
the
respective rates which they bear for the period
1942 and May 31, 1947, the date of the first mortgage
\% bonds of Kansas City, St. Louis & Chicago RR.
1,
to
the
on
order
aforesaid
June
about
or
the
of
Court, the exchange agent
to the holders of capital
on May 31, 1947, at the
(a)
1947
5,
of
the rate
1947.
The
shall
Co.
stock
order
the
of
all
pay
The
of
Court provides that Gulf,
thereafter
dividends
Joliet
Chicago
&
RR.
Louisiana. & Missouri Riven, RR.
The
Chemical
appointed
York,
N.
Bank
bond
as
Y.,
agent
and
due
7%
Ohio RR.
&
said
on
preferred
capital
of
stock
Co.
Trust
&
scrip
Mobile
becoming
Co.
New
Co.,
and
the
York,
United
N.
Y.,
States
has
also
been
Co.,
New
Trust
paying agent and registrar in respect of first
mortgage guaranteed 41/2% bonds of Kansas City, St. Louis & Chicago
trustee,
as
Co.—V.
RR.
165,
3045.
p.
American Arch Co., Inc.—Changes in Personnel—
The
recently
succeeding'
announced
company
President,
the
of
and
Vice-President
have
V.
V,
Raymond
York,
the
B. A. Clements,
directors.
Mr. Brandon
of
board
charge of sales.
R.
Clark,
Miller,
election of J. D. Brandon as
who becomes Vice-Chairman
was
formerly
American
of
partner
special
Vice-President
Express
in
Co.,
Cohu
&
New
Torrey,
elected directors.
been
been with the corporation since
Secretary since Dec. 16, 1937.
Boyle has
July
17,
and
1916,
Assistant
been
Westerhoff
Assistant
joined
the
Jan.
since
Treasurer
firm
Jan.
28.
and
1920,
5,
has
been
its
1946.
Mr.
Jones, who has been Office Manager and Purchasing
joined American Arch May 24, 1917.—V. 165, p. 933.
Agent,
Can Co.—Plans to Boost
American
Output of Frozen
Food Package—
expanding facilities for production of its new onep.ece fibre metal frozen food container and has installed a press for
direct
four-color
rotogravure labeling, W. C.
Stolk, Vice-President,
The
is
company
announced
June
on
3.
...
production lines are planned to give the company a total
early next year, Mr. Stolk said, adding that more than 30
food companies have adopted the company's wax-impregnated
Two
new
six
lines
of
container
since
Containers
introduction
its
labeled
pected
to
tainers
with the
in
last
color
full
Summer.
rotogravure
the
on
press
are
ex¬
available by fall at a slight premium over con¬
present two-color label, he said.—V. 165, p. 2793.
be generally
American Cyanamid
Co.—Dividend Rate on New Pre¬
ferred Fixed at 3J/2%—
Company
registration
announced
statement
that
June 9
with the
filed an amendment to its
forth the dividend rate,
it
setting
SEC
subscription price and conversion terms of the 391,076 shares of
preferred stock which the company plans to offer to its common stock¬
holders. The new issue has been designated cumulative preferred stock,
series
A, 3Va%
1957.
convertible prior to July 1,
(par $100)
Company
new preferred stock to holders of outstanding
record June 10 for subscription and purchase at
the
offer
proposes
to
stock
of
share
at the rate of one share of preferred for each seven
stock. Subscription rights will expire June 25.
per
of
The
at
—
59
Notices
of
Federal
Condition
Reserve
Statement
47
50
49
of
Banks
used
stock
($10
be
cf
50
Auction
Reserve
Sales
System
1,
1957,
the
series
unless
A,
price
preferred
cumulative
will
previously
conversion
from
to
the
redeem
of
be
convertible
redeemed,
$42.50
stock,
per
series
into
share
A,
at
par)
now
proposed financing plan, which was approved by
at a special meeting held on June 2, 1947, are
all of the $14,817,740 5%
cumulative preference
outstanding and to provide additional funds to
used in part for carrying out the company's
facilities for the production of pharmaceuticals,
and
in
50
ments
50
The
group
plan
for
expansion
dyestuffs, pigments,
other chemicals; for additional investments in Jefferson
Co., Inc., which it owns jointly with the Texas company,
and
Chemical
the
at
(taking
stockholders
be
to
plastics
Condition Statement of Member Banks of
stock
stock,
preferred
July
to
stock
par).
Proceeds
49
prior
common
common
$100
Redemption Calls and Sinking Fund
cumulative
time
any
of
City Bond Offerings-
common
new
shares
owns
N. Y.
interest
to
$102
Federal
NEW YORK 4,
In¬
$100.
of 7%
„shares
Miscellaneous Features
Combined
1922
will
form
than
common
Foreign Exchange Rates
Company
denomina¬
bearer
less
$29.75 per share, which represents unpaid quarterly dividends
of 1% per annum to April 1, 1947, and (b) to the holders
preferred stock of Louisiana & Missouri River RR. Co. of record
on
May 31, 1947, at the rate of $31.50 per share, which represents
unpaid semi-annual dividends at the rate of 7% per annum to Feb. 1,
at.
42
Toronto Stock Exchange
Toronto Stock Exchange—Curb Section
MUNICIPAL DEPARTMENT
&
at
checks
common
Established
in
certificates
denominations
42
Exchange
The Course of Bank Clearings
Dividends Declared and Payable-.
qAllen
with four coupons and in
Scrip
in
stock of The Joliet & Chicago RR. Co. of record
frozen
40
Municipal Bonds
.
entitled
payments
Pursuant
mailed
State and
■
be
stocks
General Corporation & Investment News-Cover
SPECIALIST IN
bonds
of
be
guaranteed
40
Louis
37.92
above,
certificates.
cash
between Jan.
39
Stock
in pro¬
Chicago
the
37
District
the plan of reorgani¬
Louis
form
$1,000.
and
lieu
to
referred
33
Stock
Boston Stock
Montreal
Griffith, Assistant Secretary, has been appointed General Man¬
of
28
York
New York
Montreal
American Airlines, Inc.—Official Promoted—
R. L.
New
San Francisco
2921.
p.
17
(Stocks)
Exchange (Bonds)
Detroit
23,000
years
Balance
$591,420
Cr8,05l
Gain from SEC transact.
—V.
792,425
of
taxes
income
Net
Adjustments
$1,383,845
450,597
$375,456
13,500
of
1940
1944«
$763 463
on
income
Refund
1945
$598,282
222,825
213,609
will
Mr.
New York Stock Exchange
Inc.)
temporary
$500
in
not
scrip
The
has
Pagre
Shares,
bonds
The company also announced the election of Milton S. Boyle as its
Secretary, John H. Westerhoff, Jr., as Treasurer, and William D. Jones
as Assistant Vice-President,
sales and traffic.
Issue
Stock and Bond Quotations
1946
$451,047
Expenses
Net
Terminal
tions,
Mr.
3137.
32.50
divs.
amount
1942
-
mortgage
in
$100,
will
York,
This
1,
$32.50
116
the unpaid
Jan.
paid on scrip certificates but a holder thereof, upon
surrendering the same for exchange into bonds of authorized denomina¬
#New
Corp.—Earnings—
(Including
Income
p.
terest
to
delivered
Cargo Division cf American Airlines, Inc., succeeds Marshall C.
Hoppin, who will continue vivith Alaska Airlines in another executive
164,
of
delivered
but,
bonds
tract
capacity to be announced larer.—V.
first
Thomas
In
to
stock
new
agent will be
tions
be
in
Con¬
amount
1942
which are to he
issued by Kansas City, St. Louis & Chicago RR. Co., as reorganized
pursuant to the plan, and guaranteed as to payment of both principal
and interest by
Gulf, Mobile & Ohio RR., are described as follows:
Kansas City, St. Louis & Chicago RR. first mortgage guaranteed 4Vi%
bonds, due May 31, 2022.
Such new bonds delivered by the exchange
its
which
at
The
dis¬
they relate.
rates
1,
$107
which
(on
the
Common
Jan.
divs.
100
stock
pfd.
to
period prior
to $16 per share)
delivery of the
upon
$7
Cash
1st Mtge. Bds.
the unpaid
which
(on
period prior
per share)
gtd.
for
of
1,
the
but
scrip certificates.
surrendered to
exchange
same
frac¬
exchange into cer¬
be entitled to divi¬
agent and canceled for all purposes, except that, at the written
of the bearer or registered owner, delivered to the
b
stock
the
to
6%
the
been
authorized by the Agreement of Con¬
1940, between Gulf, Mobile & Ohio RR. Co.
Northern RR. Co., as amended:
Scrip certifi¬
&
thereof,
for
pfd.
has
form
shares.
holder
for
delivered
DC3s.
are
General
as
con¬
exchange
June 1 announced
effective
ob¬
solidation, dated Aug. 29,
which
on
whose
be
may
gtd.
bond¬
transferred pursuant
rates
New Securities
Outstanding Stocks—
6%
of
exchange
Alton
stockholders
transmittal
of
period
a
the
all
than 6,000 miles of certificated
non-scheduled flights in and out
Airlines'
DC4s
are
has
President,
as
Territory and makes
United
Btarliners of
James
which
company
in the
routes
of
without par value of
The
the
St.
normally
may
days
by the exchange agent will be
in temporary form bearing coupons maturing June
15, 1947 and April
1, 1948, and in denominations of $500 and $1,000.
Registered bonds
will not be delivered by the exchange agent.
for
Alaska Airlines, Inc.—New President—
this
known.
conveyed and
the
the
5,004
expense
i*!*
Net
City,
Alton bonds of the above
debt
&
2,988,486
$849,129 $10,327,977
$984,975
long-term
on
Kansas
are
tificates
_—
income
Amortiz.
Other
excess
438,895
3,210,653
inc.
exchanges
business
transmittal
for each share of the stocks of Kansas City, St. Louis &
Chicago RR. Co. outstanding in the hands of the public are as follows:
following
of
cates
taxes
Federal
1947—12 Mos.—1946
$2,620,371 $35,673,991 $32,190,351
790,094
13,640,524
12,194,242
288,675
3,531,425
3,489,248
305,195
that
of
securities
The
Alabama Power Co.—EarningsPeriod End.
the
of
to the plan, will be delivered
for each $1,000 principal amount
outstanding Chicago & Alton RR. 3% refunding 50-year gold bonds,
due 1949: $500 principal amount of
Gulf, Mobile & Ohio RR. general
mortgage income bond, series B, due 2044; and 7V4 shares of common
at
a
either
to
tained from either exchange agent.
been
Edward J. Baker
of Louisville, Ky., an executive of the
company and a director! of the
David G.
Evans Coffee Co.,
St. Louis, Mo., a subsidiary, have been
elected
Lincoln,
and
plan
said
of
be
may
solidated under the laws of the States
of
Mississippi, Alabama and
Tennessee, to which all property and business of The Alton RR. Co. has
share.—V. 165, p. 1581.
Airline Foods Corp.—Two New Directors—
John
stock
50-year gold bonds, due
RR. 6% guaranteed pre¬
surrendered
for exchange
MISCELLANEOUS
-
exchange
refunding
& Chicago
Louis
.eight
Letters
each
disbursed
St.
common
expected
agent.
dividend ordinarily
common
3%
RR.
the,, provisions
approximately
Air Associates, Inc.—Omits Common Dividends—
Alton
exchange agentsS Chemical Bank & Trust Co., 165 Broadway, New
York, N. Y., or Cpntlhental Illinois National Bank & Trust Co. of
Chicago, 231 South La Salle St., Chicago, 111.
2361.
p.
consummated, and the exchange and distribution provided for
plan has been announced.
the
The
pursuant, to
1947—5 Mos.—1946
$1,322,063
INSURANCE
-
has been
ferred
Adam Hat Stores, Inc.—May Sales Off 17.5%—
INDUSTRIAL
-
the
with
both
Southern
the
company
of
Alkali
Pittsburgh
involve
plant
has
made
underwriters
purchase
by
the
Corp.,
Plate
which
Glass
construction
an
headed
American
These
Co.
Cyanamid jointly
additional
underwriting
by
underwriters
White,
of
invest¬
programs.
any
agreement
Weld & Co.
shares
of
with
a
large
providing for
cumulative pre-
Battle Creek Gas Co.
r
subscribed for by ;common • stock4
outlined above.
The rights were admitted to when issued dealings on thq New York
Curb Exchange June
11.
The common stock was quoted ex rights
June 12, 1847.
V
'
The rights which expire 3 p.m.
(EDT) June 25 will be removed
from dealings at noon" on that day.—V. 165,' p. 2921.
which are not
ferred stock, series A,
helders
Telephone & Telegraph Co. —^ Announces
Television Network Facilities^— - - *
American
York-vWashington route by the middle of 1948.
Television
also be extended southward to Richmond and northward
to Albany during that year.
Coaxial cables are being extended to many
bther cities throughout
the country and, as the broadcasters' plans
become better crystallized, television equipment can be added within
a
reasonable period for such cities as Atlanta, Miami, New Orleans,
Dallas, Fort Worth, El Paso, Los Angeles, Buffalo, Pittsburgh, Cleveland, Detroit, Chicago and St. Louis.
Experimental radio relay facilities, with television possioilities, will
be available inj both directions between New York and Boston in the
can
be withdrawn as
1947. Another radio relay
and
Chicago,
is projected by the Bell
Coaxial cables which by then will be in
•
of
part
System, .
service, between those
occasional, or part time, service, an interchange video channel
transmission link between cities) will cost $1.25 per circuit mile
the first hour of use and one-quarter of that amount for each
additional consecutive
15 minutes of use.
In addition there is. for
each city, a monthly station connection charge of $250, plus $15 for
taxes
General
-
will be $40 a month per circuit mile
.'.for eight consecutive hours daily, plus $2 a month for each additional
consecutive hour.
For each station connected on a monthly basis the
charge will be $750 a month for eight consecutive hours daily and $50
a month for
each additional consecutive hour.
The
maximum charges for all occasional service furnished within
®,ny
one month will
in no case exceed the charges applicable for
monthly service for the same consecutive hours.
Present rates will
continue to apply for any sound program channels furnished in con¬
junction with television channels.
1
The television rates,
company points out, are tentative.
A two-station network between New York and
Philadelphia would
serve to illustrate the application of the charges.
For occasional use,
for one hour, the interexchange channel #ould cost. $1.25 times the
.number of circuit miles
(96), or $120, plus $530, representing the
^-charge for the two station connections,
This would give a total of
$650. .Each additional hour within the month would cost $150: $15
income
on
income '
for each
of
the
stations connected,
two
plus $120 for the interexchange
service for eight-hour daily use between these two cities
cost $3,840 for the interexchange channel, plus $1;500 for the
Monthly
would
station
connections, or a total of $5,340. This would also be the
foir occasional service furnished during any month
within the same eight-hour daily period.—V. 165, p. 3046.
two
maximum
charge
American Water Works & Electric Co., Inc.—Output
;
Power
and
properties of American Water Works
the .week ended June 7, 1947, totaled
an increase of 14:98% over- the output of 81,429,000
of
output
Electric
Co.,
$3,615,000 kwh.,
electric
the
Inc.,
for
corresponding week of 1946.;—V. 165,
kwh. for the
3046.:
p.
v
income
Gross
Interest
Period End. May
—V.
1947—Month—1940
$559,253
31—
$609,163
165,
debt
Amortiz.-of
Other
SEC—
'
The
company
covering
-SEC
■will
on
70,000
offered
be
for
in the ratio of one share for each 2Va shares
will be offered publicly at a price to
filed
and
shares
Uusubscribed
held.
to
.
June 4 filed a registration statement with the
shares mo par)' preferred.
The shares initially
subscription
to
present
preferred stockholders
'(without underwriting)
be
1947—4 Mos.—1946
$2,275,748
$2,501,037
Angeles, Calif.—Registers with
'
Arden Farms Co., Los
Proceeds will be used
provide funds for construction.—V. 162,
by. amendment.
to*
income
Total
oper. exps.
Net
Other
$708,533
$672,802
566,241
$2,660,648
2,371,428
$2,579,969
619,773
$88,760
revenue—
oper.
Total
$106,561
$289,220
6,787
6,016
27,661
20,561
$95,547
$112,577
$316,881
income
Deductions
34,098
121,922
131,343
$78,479
32,135
—
$63,412 *
Balance
$194,959
begin,
Burp,
826,717
•743,890
792,369
$987,327
Dividends paid
110,399
30,000
30,000
120,000
and
ASSETS—Plant
deposits,
especial
less
3,711
1,496
(net)—
1,933
AT MARCH
31,
cash,
cash,
accounts
±.,
par), $450,000;
stock,
P.
common
$184,380;
earned
stock
of
surplus,
$860,130;
165,
stock
*
New
1947,
- may
manent
York
June
1947
1946
$4,934,742
$3,472,055
3,966,66.3
2,809,019
562,033
380,750
exclusive of
a
beginning June 27,
delivery.
r r
' ' ■
debentures
Trust
may
Co.
be exchanged
of
New
165, p. 2922.
23,817
22,005
$260,281
26,419
25.375
$408,643
income
Total
Other
charges
$285,656
Net
share—J.
COMPARATIVE
'
.
,
common
York,
for
1947,
D.
S.
on
-
SHEET
AS
AT
259,032
$1,490,395
$363,566
54,488
191,530
96,819
securities
receivable-————
;
inventories
Total
8,750
160,083
fixed assets, less reserve
1,275,017
deferred charges—208,760
Total
Goodwill
——
made
was
dealers
investment
SHEET, DEC. 31, 1948
in
notes and ac¬
cash surrender
$350,196;
Inc.—Shares Offered—
June 10 by Vance, Sanders
of shares of this company
and
believed to
& Co.
only
•
partnership
165, p.
Co.,
a
Bond Stores, Inc*—May
Sales-"—————
58,750
—V.
165, p.
C
S$tles Increased 26.3%Trr
-
1947—Month—1946
1947—5 Mos.—1946 '
$7,101,951 $5,624,126 $32,535,255 $25,883,747
' ■'_
D
Period End. May 31—
1,415,857
,
,
of directors, investments in
by Boston Management and
now managing over $20,000,000 of in¬
2542.
1
■
' 1
to the control of the board
Fund of Boston are managed
Bond
capital.—V.
760
2542.
309,839
707,331
Borg-Warner
-168,118
>
l
—
offering
vestment
lj.99,609
Investments in and advances to affiliated Co,
Total other assets———
27,192
335,177
banks, $1,131,096;
inventories, $4,766,415;
insurance,
Research
1946
2,706
2,753,184
_.'
-
and
$1,245,846;
officer's life
Subject
$349,421
2,094,716
1,083,879
1,762,837
J
hand
■Fund.
31
1947
receivable————1L
accounts
MARCH
:
—
-
open-end management investment company in.this coun¬
try. whose portfol'o consists exclusively of bonds of "bank quality" as
defined by regu'ations governing the eligibility of bonds for purchase
by national banks.'
'
u
The initial is me of 20,000 shares was sold by the Fund at private
sale and was issued 0:1 or prior to April 3,
1947. At the close-of
business April 21,
1947, net assets value was $8.50 per share.
4.
total of 930,000 additional shares is covered by the registration state¬
ment' for the shares being publicly offered at
prices based on net
asset value at the time of sale.
I
Henry T. Vance is Chairman of the board of directors of the Fund
and William F. Shelley is President and a director.
Both are members
of the firm of Vance, Sanders & Co., underwriter for shares of openend investment companies with total assets of more than $200,000,000.
Evan
V. Shierling,
Vice-President and director, is associated with
Boston Management & Research Co.
Olher directors include Boardmars
Burnt), Treasurer and Comptroller of Mt. Holyokc College; Powell ML
Cabot.
Chairman
of the Massachusetts
Development and Industrial
Commission, a trustee of Eastern Utilities Associates and a director
of Blackstone Valley Gas & Electric Co.;
Merrill Griswold, Chairman
of Massachusetts Investors Trust and Massachusetts Investors Second
$0.43
.
$462,742
hand and in transit-^,
Government
Merchandise
'
1
f
Peacetime
<■
peaks
Corp.—Units Sales Up 26V2%-~
in
sales,
employment
and
::-l
production have been
the Morse Chain Co. in the first quarter of 1947, according
to a report issued by F. M. Hawley, President of this division.
i/ , ;
Morse Chain sales in April were double those of the biggest prewar
month in the company's history.
Sales for the first four months pf
1947 showed an increase of 26.5% over the corresponding period pf
1946 and 170%
increase over the first four months of 1940.
reached by
$7,717,959
$6,304,402
$818,677
474,9,77
$413,748
22,499
123,467
89,526
83,763
LIABILITIES—
Accounts, /payable—trade———————
expenses^ wage's, etc
Accrued
164,
taxes- (net)—,-.
Other taxes accrued and withheld-/—
Amounts withheld under payroll allotment plan
Accrued Federal income
fop- employees war bonds——————T-—
current
liabilities—
Miscellaneous
Capital
permanent
Earned
.
permanent debentures
New York, N. Y.
trustee,
895,729
—-—-
on
receivable,
the
■The
'
in banks,
$177,135
$0.66
-
ASSETS—
Miscellaneous
only
BALANCE
——-
21
108,500
$248,413
income taxes—.
profit
per
5,230
155,000
deductions
and
Federal
for
.
for
contingencies
Capital stqcjk. (409,700
Guaranty
54.2%—
1947—5 Mos.—1946
Other income*
10
that
5,313
$719,417
—
—
—
Bond Fuud of Boston,
$3,158,153 $17,340,650. $14,630,333
$4,233,255
returns,
sales,
be
debentures;
i
m—:
taxes
for year
ASSETS—Cash
Public
2542.
Reserve
Temporary
—V.
on
profits tax-!
dividends
associated
-
1947—Month—1948
2%%
debentures shall be
the
Exchange
no
$382,224
directs that deliveries
debentures, due 196.6, up to and including June 26,
made either with temporary debentures or with per¬
stock
of
shares
134.430
-
p.
less
Cost of
Atlantic Refining Co.—Form of Bond—
20-year
$714,104
investments—mortgages, -etc.,
$33,000; land, buildings and equipment (after reserves for deprecia¬
tion or. $3,751,601), $3,335,832; patents; trademarks, .and goodwill, $1;
prepaid expenses and deferred charges, $129,489; total, $11,031,875.
LIABILITIES—Trade accounts payable, $905,755; Federal and-other
taxes accrued, $1,158,999;
accrued payrolls, $317,162; other curreht
liabilities,' $183,809;
reserve
for contingencies, $1,000,000; common
stock (239,412 shares, mo pari, $3,222,262; earned surplus, $4,303,888;
total, $11,031,875.—V. 165, p. 2273.
value of, life insurance policies,
$3,024,469.
'D;
(outstanding
allowances and discounts
depreciation
Selling, general and administration expenses
Depreciation
:
Sales,
income
value of
Belding Hemiinvay Co.—Earnings—
Account?
$5,828,091.—V.
793,360
$2,386,124
——
CONSOLIDATED BALANCE
accounts
;j
—V.
2033.
The
of
Net
1946
31,
(A. S.) Beck Shoe Corp.—May Sales Rose
premium on common
total,
;
1945
$1,507,464
100,629
—-
excess
Common
$6,912),
Period End. May 31—
bonds,
$600,000;
always
1,127,268
(.net)
Preferred dividends
(at cost), $2,723,351;.other physical property,
accounts receivable (after reserve for. uncol¬
$66,544; materials and supplies, $137,711;
$72,063;
Sales
accounts payable,
($5 par),
not
alphabetical
alphabetical
1946
$3,412,763
,
—
income
Federal
be
(net), $5,301,066; investments, $52;
$94,496; accounts and notes receivable,
and supplies, $205,926; deferred as¬
mortgage
near
$2,285,495
31—
Provision ful* income
•
DEC.
SHEET
161, p. 1990.
materials
$400,000;
term,
is
exact
as
—
credits
Income
earned surplus, $299,211; note payable to bank,
payable, $111/720; dividends payable, $8,721; cus¬
tomers deposits and accrued interest thereon,
$43,647; Federal taxes
on
income, $101,037; other current liabilities, $10,156; reserve for
depreciation, $627,95?; reserve for injuries and damages, $42,632;
contributions
in
aid
of
construction,
$5,100;
total, $3,024,469.—V.
$2,500,000; notes payable) to
$106,173; miscellaneous
^current liabilities, $16,764; accrued general taxes, $90,029; Federal
Income taxes,
$135,114; interest accrued, $21,629; profit sharing re¬
tirement trust;
$9,883;
preferred
dividends accrued,
$5,625;
other
liabilities, $448,364; $5 cumulative preferred stock
(4,500 shares no
LIABILITIES—First
bank—short
in
always
"Profit from operations——
.
1,816
value), $1,616,256;
$160,000;
$792,369
>
are
it
reasons
companies
possible.
as
sales
—
—
prepayments, $5,533; cash surrender
$15,978; deferred debits, $415;
total,
1947
total, $5,828,091..
sets, $63,520;
mechanical
arrange
2,022
ASSETS—Utility plant
property
$436;
$162,596;
reserve.
$860,130
$792,369
$8.60,130
from
counts
lectible
Dr80,152
SHEET AS
BALANCE
to
However, they
$201,391
19,341
$153,795
—
respectively.
BALANCE
$2,875;
Cash
Surplus end of period
...
—
reserve
■*:
C
124,203
7,198
.(pet) —
m
.
Years Ended Dec.
Prolic
2,493
1
$836,419
_
adjusts,
(Sundry
Optional $3 Convertible Pre¬
redemption
for
(Sidney) Blumenthal & Co. Inc. (& Sub.)—Earnings—
$30,992
25,512
*
——
depreciation
and
637.354
$822,369
1584.
position
$199,065
$890,130
period-
of
surplus
;»
,
Earned
Total
delivery.—V. 165, p. I860.
a
67,504
$128,283
_____—
<|isc., prem. & exp.
.p.
directed' that deliveries
61,057
,
■f
income
-
of
t*OTE—For
$145,655
$176,716
87,380
80,653
Earnings per share „L
—
$1.08
$1.31
NOTE—Special charge in 1945 consists of (a) $30,969, equal to the
reduction in Federal taxes on income resulting from cost of redemp,tion of bonds and .(b)
$36,534, equal-to the reduction of such taxes
resulting from retirement of certain gas manufacturing equipment*
Credits in reduction of such costs have been made to earned surplus
Net
Provision
*
Trust
P.
23
•
\
on
July 15, next, all of
optional $3 convertible preference stock*
of 1929, at $55 per share and accrued dividends amounting tdi
cents per share.
Payment will be made at the Manufacturers
Co. redemption agent, 55 Broad St., New York, N. Y.~V. 165,
46,007
37,796
L_
deductions
Dividends-
$330,408
income
Gross
2,270,123
shall be
called
share?
outstanding
37V2
r
8,139
83,000
$309,847
& taxes.
revenue—
oper.
1947—12 Mos.—1946
the
\<
-
Series of 1929—
have
directors
Net
off bank loans
p. 2534.
1947—3 Mos.—1946
ference Stock,
'
May
on
Blue Ridge Corp.—Calls
pay
Inc.—Earnmgs-
,
only permanent certificates
order.
3 Months Ended March 31—
Arizona Edison Co.
Period End. Mar. 31—
cates-or
The
••
preferred stock and common stock, up to .and
1947, may be made either with temporary certifi¬
with ...permanent certificates; that
beginning June 12
1947,
possible
interest
Other
par
2662.
p.
Exchange
*
Cei?Jificate—
11,
73,230
—
—.—,—
—
next, at 102 and
1,
convertible
99,889
——
—
long-term debt
on
July
on
3171.
Wis.—152, p.
Stock
York
New
$2.25
including: June
,
Angerman Co., Inc.—May Sales Increased 8.9%—
Sales—
The
of
481,810
.
LIABILITIES—Common
j
for. redemption
Expenses
*
channel.
called
Milwaukee,
Co.,
38,959
,
*
,
Re¬
—
income
—.'
Net operating
^
Co.—Partial
$920,470
—
Special- charges-^-see note
Other
!_
Mines
(E. W.) Bliss Co.—Form of
.
50,181
-
T—,
—
taxes
Federal
2,000,000
'
$0 72
tfiare
Consolidated
been
451,785
•
—
——,
monthly service the charge
For
Trust
$912,331
-
Hawk
$790,004
Operation
——
Maintenance"
Provision for depreciation
for
8,982
.
-
2,383,100
$o.61
1447.
p.
have
There
series
$781,022
,
—
operating revenues
Total
(a
___—:
revenues
1946
$1,456,621
,—
common
per
165,
'
SUBS.)
•
interest, $30,000 of iirst mortgage sinking fund 8% bonds, due Jan.. 1,
1948
(as extended).
Payment will be made at the First Wisconsin
YEARS
1945
1947
demption^
company
1946
(INCLUDING
31
*
of which Panhandle
31—
revenues
operating
Other
r^°For
each hour of use.
service
Gas
two
FOR CALENDAR
ACCOUNT
INCOME
Ended Dec.
Year
York
supplementing the
system, to-link New
$0.46
$1,553,159
Black
,
the past' year,
the trustee tp
stock in Michigan Gas Storage Co. is purchased.
'
latter
Earning?
for capital expenditures during
$850,000 has been deposited with
remaining
the
and
MAR.
END.
of common ghares
—V.
the treasury
reimburse
MONTHS
3
income
No.
6% of the
remaining $20,000,000, or $1,200,000.
To finance this acquisition and
to reimburse the company's treasury for plant ' additions'- during
thp
past year, the company" has issued $1,200,000 of first mortgage
bonds which were sold to two insurance companies for cash at par.
$350,000 of the proceeds were used to pay off the bank loan and
New
facilities
265,300
3 Months Ended March 31—
Net
approximately 6%
of Storage company's total capacity' which is
roughly the relationship which this company's sale of gas tears to
Consumers Power Co.
The total cost of the development of Storage
company's facilities is estimated at $2$,000,000
the right to subscribe to $5,000,000 and this
FOR
EARNINGS
from
has
-
$122,566;
291.640
$1.43
;
—
April 1, 1967.
The proceeds will be used to retire
bank loans, working capital, etc,
V"
due
this substitute gas is however, quits
has -sought to increase the amount of narural
Panhandle Eastern Pipe Line Co. Michigan Gas.,
Storage
Co.
was
formed to acquire certain of the Michigan gas
fields of Consumers Power Co. which were suitable
for storing gas
underground in the sum'mertime so that it could be withdrawn during
the winter periods when the demands for gas for househeating were
the
heaviest.
This, company feeling that the storage of gas under¬
ground was the most feasiole way of leveling off the demands upon 1
the pipe line company desired to participate in the bene its to be
derived from the operation of Storage
Co. and also through this
means
to
increase
the amount of gas
available to its customers:
Accordingly on- Feb. 10, 1947 the company entered into agreements
with Michigan Gas Storage Co., Consumers Power Co. and Fanhandle
Eastern Pipe Line Co. which provide in substance that1 this company'?
stock ownership in Storage company and its supply of gas will be
tne
76,000
$419,476
short'term
high, and the company
available
69,107
•
Beneficial Industrial Loan Corp.—Notes Placed Pri-
'.
manufacturing
of
cost
The
267,673
yately—Eastman, Dillon & Co. has placed priyately. with,
insurance companies $20,000,000 2%% promissory notes;
pane
gas
income
/
1946
$2,878,552
251,000
—-
Earnings per share——
—V: loo, p. 1860.
day of pro¬
and 3.060,OOO cubic feet per
day of high BTU oil-gas
air gas.
per
heralded,
network broadcasting of television programs; long
will become a reality within two months, it was disclosed op June 2
With the announcement by the company that on Aug. 1 it would make
intercity video transmitting- facilities available to broadcasters on a
commercial basis.
Tariffs covering rates to become effective on that
date were filed with the Federal Communications Commission by the
company on June 2.
,
,
.,
For
some
time experimental television transmission over intercity
coaxial cables has been furnished between New York and Washington
without charge to broadcasters.
With tests of this facility completed,
the way is new clear for commercial operations over this route, and,
as additional routes are equipped for television service, over expanding
networks.
It is anticipated that such networks will develop, in much
the same manner as the present networks for sound radio programs
has grown from the early wire hookups of the 1920 s.
Intercity video channels for television broadcasts will be provided
by the Bell System over both coaxia| cable and radiff relay facilities.
Four thousand miles of coaxial cables have now been placed for use
in furnishing telephone service.
It is expected that this mileage- will
grow to 6,500 by the end of 1947 and to more than 9,000 miles by
end of 1948. By the addition of proper equipment, these, channels could
be adapted for video transmission.
.'
Two additional one-way video channels will become available along
the
Net
(est.)—
Shares..of capital.stock outstanding,—r----
.
delivery by
Tentative Rates for
1947 "''
$4,662,367
,
751,554
81,078
■•••;
sales
Provision for Federal taxes
Eastern Pipe Lirie Co. provided for a , maximum, dally,
Panhandle of 3.500,000 cubic feet per day. The al otmenfc
to this company as'a result of jthe Federal Power Commission hearing?
was
6,060,000 cubic feet.
To; provide for emergency facilities the.
water
gas
plant had been equipped to produce high BTU gas to
supplement our natural gas supply and three additional propane stor¬
age
tanks were installed during the year to make the j total how
available" four. "The capacity or these plants is 1,500,000'cubic feet
PanftandJe
June
Regular
line
the Federal
Power Commission,
in- conjunction -with the .
Michigan Public Service Commission,
conducted numerous- hearings
to develop a plap for fairly distributing
the available supply of-gas
between
the distributing companies.
This company's contract with
Products Co.—Increases Dividend—
% declared a dividend of. 50 cents per share
on the outstanding capital stock, payable June 30 to holders of record
June 14.
This compares with 25 cents, paid on March 29, last, and
20 cents each on June' 29, Sept. 30 and Dec. 30, 1946r—V. 165, p. 1446.
directors, on
;-<V
billed——,
Income before depreciation
Provision for depreciation—-————';
system,
American Metal
The
Net
■
the. pipe
/
1
j
upon
Co.—Earnings—
Mpnths Ended; Mprch 31—
g
H. Frazer, Jr., Presi-/
placed
demands
extraordinary
the
meet
To
Belden Manufacturing
Annual Report Reveals $1,-
—
200,000 Bonds Placed Privately—D.
dent, on May IT said:
the subscription offer
to
pursuant
Monday, June 16,194ft
CHRONICLE
THE COMMERCIAL & FINANCIAL
(3162)
2
surplus
surplus
Total.
—V.
164,
——:
121,583
2826.
■
company's postTwar rehabilitation program, now more than 75%
involves a total expenditure of more than $2,100,000 at the
N. Y., and Detroit plants.
This sum is being spent mainly for
machine tools
and
dies, which are required for modernizing
The
completed,
7,444
5,501
5,869
.
Ithaca,
6,703
new
100,000
100,000
1,548,119
1,548,119
1,341,093
3,311,698
1,-341,093
2,558,477
production
several
■
methods
meet increased demands.
and to
additions to the plants themselves.
Another
all-time
high
was
of May
and
1
1940
There also are
•.
j
autor
of the nation's leading
reached in April when over 300,000
motive timing chains-were produced for-some
autpmpbile manufacturers.
$7,717,959 '• $6,304,402
—
p.
shares, no par)———
■%
The current. ba.ck iog pf unfilled orders , as
total sales for the years of 1939
well exceeds the company's
combined.—V. 165, p. 2662.
Volume 165 :: Number
f^'.n mi'.' ■■-'■■"■■'I'.M
'i'""!"
4603
Boston Elevated
Ry.—Earnings-
Month of March—
Total. income
of
$3,453,823
—A
1946
$3,405,451
3,387,713
service——
Net
loss
3,707,624
$253,801
—
T~-
•Net
profit—V.
Period End. April 30-
revenues
Operating
expenses
$6,832,740
5,207,956
—
income
profits
1947—Month—1946
$6,213,658 $27,276,701 $25,430,569
5,254,191
$1,624,784
21,501,930
6ross
Int.
21,708,274
Equipment
$959,467
$5,774,771
rents
facil.
490,034
2,669,047
(Dr)_
,
296,980
1,064,445
107,437
81,179
Net
ry.
Other
income
Gross
,
*
;
$613,003
$153,839
$1,933,£42
$564,207
61,457
122,329
23,8,671
450,268
_
income
Rentals,
Net
income
oper.
$674,460
interest,
$276,168
$2,172,513
300,733
223,074
1,204,250
etc.—
income
$373,727
Deficit.-r-V.
165,
•'
on
$225,620'
46,913
1,753,100
$968,263
The
592,885
"764
■"
9,169
1
200
Cr2,8J32
989
$177,743
$2,626,666
41,800
501,606
$1,962,698
501,606
Amort,
$224,131
$135,943
$2,125,060
$1,461,091
Taxes
Maintenance
vote
voting
June
rights.
See
also
V.
840,000
165,
of
EARNINGS
Net
1945
1944
$6,784,779
3.980,381
' 3,530,565
$6,1133,643
355,149
332,092
232,759
199,(57®
579,965
561,272
520,117
496.481
xes.
inc.__
7,204
683,253
7,204
642,201
prof,
oper.
taxes
7,187
588,842
516,273
345,812
411,747
624,875
892,334
$1,240,740
$1,336,797
$1,280,431
12,220
$1,026,545.
12,502
17,459
8,47®
$1,252,961
$1,349,300
$1,297,890
$1,035,01®
401,687
399,427
371,160
284.905
$851,273
$949,872
revenues.—
income
Total
3,188,993
than
exc.
Gross
—£jeCi 3i_
1946
limited-term
other
&
Other
3048.
p.
OF
$7,271,697
investments
the
have
$8,500,000
1160,000 shs.
$7,415,948
——.—
retiremt.
appropriations
Inc.
will
-Outstanding1-
300,000 shs.
1,500,000
1947
1
Property
and
also
par)—
______
revenues
Operation
Ul,2j>0
.
$265,931
41,800
L_;
stock.
FINANCING
"Unlimited
4,203,822
Operating
764
Cr346
_____
stockholders
holders
1976
-Mar. 31-
25
on
approving a proposal to
authorized common stock from 250,000 shares to
1,500,000
on
changing the 210,000 issued shares of
common
stopk
into 600,000 shares.
All the common stock
now
outstanding is owned
by the parent, Commonwealth &
Southern Corp., but preferred stock¬
Bristol-Myers Co.—Special Offering—A special offer¬
ing of 8,000 shares of common stock (par $2.50) was
($25
(no par)
12 Months Ended—
,
*
_
t—1
shares,
due
?
1,984,000
To Split Shares—
*$302,637
series
$2,(567,821
562,960
2%%
SUMMARY
disct.^
expense
pfd.
'
$3,195,913
PRESENT
"Unlimited as to authorization
but limited by
property, earnings
and other provisions of the
mortgage and deed of trust.
tAssuming
the purchase by
employees of all the 5,000 shares offered
to them
by
the company. •
333,200
1,237,631
•
Increase
*$46,906
Common stpcjc
275,826
$313,262
46,913
_____
dedeuctions
Balance
$1,014,4^5
1,317,14.2
2408.
p.
285,994
400,000
bonds.
,$140 oumulatiye preferred
1,248,000
1,278,£69
J
Net income
Divs.
i
33,300
debt
and
1,280,000
1,153,062
18,564
Other
'L923,907
243,421
25,087
(Dr)_
rents
ekcessj-
income
of
105,000
33,300
long-term debt.
on
prem.
$3,722,295
743,273
—
.Joint
and
taxes
Amortiz.
Taxes
110,000
—
1947—4 Mos.—1946
•
GIVING EFFECT TO
—Authorized—
1st mtge.
r
'
adjustment
Boston <& Maine RR.—EarningsPeriod End. April 30—
629,374
General taxe}
Fed.
CAPITALIZATION
1947—12 Mos.—1946
$1,098,445 $14,576,272 $13,1(55,067
458,696
6,671,190
5,694,415
$1,371,930
Operating expenses'
Proy. for depreciation—
Amorti?. pi, pit. acquis.
*$17,738
■
(3163)
Co.—Earnings-
1947—Month—1946
Gross revenue
165, p. 2131.
Operating
COMMERCIAL & FINANCIAL
CHRONICLE
Central Illinois Light
1947
—,—■
Cost
THE
"i"
(net)—
income
._
income deductions
13,339
,
made
with
.
the New York
on
Exchange June 9 at $40,
$1, by Shields & Co. The sale was
commission of
a
Stock
NOTE-—For
possible
order.
completed in 15 minutes.
as
for
8,592
shares and allotments were made
93.1%.
There were 57 purchases by 27 firms;
1,335
largest allotment, 25 the smallest'.—V. 165, p.
2923. • •
the
•was
received
were
basis
a
arrange
reasons
companies
However, they
position
Bids
,
on
to
mechanical
possible.
in
always
are
it
is
exact
as
Net
near
not
always
alphabetical
UNDERWRITERS—Tiie
alphabetical
respective
<
The
Jthe
directors
capital
,similar
In
have
stock,
declared
payable
distribution
July
made
was
dividend
a
1
to
on
of
13
of
holders
April
cents
record
share
per
June
on
20.1
A
last.
1,
1946,
the following distributions were made:
April 1, 30 cents on
outstanding prior to distribution on April 30 of one additional
.-share for each share
hold; July 1 and Oct. 1, 15 cents each on
.etock
•-creased
.•stock
stock;
or
and
cash,
Dec.
24,
28 cents, plus
option.—V. 165,
holder's
at
t
special
a
ippaid in
$1.38
"
....
.
Butler Brothers,
'
of
2273.
p.
Retail
sales
'
.
.
Chicago—May Sales—
Period End. May 31—
'•Wholesale
.
1947—Month—1946
1
$8,718,929
sales
1947—5 Mos.—1946-
$11,476,129 $45,422,373 $50,741,654
1,686,066
7,936,936 ' 7,588,853
1,869,218
EXCHANGE
t ferred stock
OFFER—Company offers
and
$6
preferred
1
Combined
—V.
stocks
sales
$10,588,147
$13,152,195 $53,409,309 $58,330,512
165, p. 2542.
California Water Service
revenues
Operation
Gross
Net
Dividends
1
$1,087,914
L
1
•
443,276
1'
—
$644,638
152,902
183,0i9
1
•
—■——
-
'*
*
v
The
...
registration
'
'
i-
Breweries, Ltd.
Withdrawn)—
.
,
$491,736
"
i-
'
T
$350,265
-
<\
Canadian
.
;
'
•
.
f
Registration Statement
—
1
'
^
'No.
7050)
'last' and. covering 200,000 shares of
Withdrawn June 5.—V, 165, p.
2542.
filed
with
stock
common
.
the
SEC
(no
-i4
May
par),
was
f
of permitting
than
Ry.—Earnings-^-
will
t
.
,
be
Period End. Apr. 30— '
1047—Month—1941
1947—4 Mos.-r-1946
-Gross earnings^
$26,247,075 $22,548,140 $97,595,195
$93,709,433
company'.
'v "
,,\
„
Working
Net
—-V.
expenses
earnings
165, p. 3048.
i.
-■
-
Carnation
E.
i
21,345,553
H.
$1,734,871
'
-
'
'
*
'
Co.—Sales
Stuart,
President,
$1,202,587
•'
I
June
on
added
York,
6
located
of
in
and
next
Los
executive
announced
year
Eos
Angeles,
operations
in
all
Angeles
into
year
offices
that
sales
'
and
higher than
were
Calif.
for
of
the
'
the
i
•
1
executive
office
to
be
evaporated milk division which
United States will continue to
regular
sstock
have
18,
*
f
semi-annual
been
declared,
1947.—V.
dividend
of
cents
50
both payable July
1
to
165, p. 1447.
on
the
Judders
;
advisable
The
April—
"•Net
*
1946
$14,129,439
profit
After
597,116
taxes
and
charges.—V. 165,
p.
1945
$9,857,201 $22,172,896
423,393
701,263
2273.
(
,
•
.
I
Official Promoted—
Celanese Corp. of
,
America—Earnings—
1947
Gross sales, less discounts,
returns &
Cost of gpodg pold
r-
Depreciation —I
Selling, general and administrative
Net
1,867,025
expenses—
2,726,590
$10,735,689
218,959
1
>
$5,974,310
—18Q.228
Interest,
debentures
on
'Amortiz. of debt
disc't,
$10,954,648
Net
income
premium &
on
—
•Calculated on 5,514,107 shares
1996.
The
Commercial
Dana
and
preferred
stock
300,000
49,959
4,246,000
52,424
2,368,000
$6,180,564
$3,434,114
$0.98
$0.48
;
t
and
issued
as
shall
the
purpose
unpaid
pursuant
not
of
to
the
date
be
to
the
taken
S.
the
offer
and
such
sale
of
the
new
for
payment
of
shortly
thereafter
was
incorporated
which had
been
operating
vicinity since 1906.
stock
r
of
Patent
Office )
Wijliem
B.
was
was
from
Dana
12
(less
Company,
of
Publi
inc.-
Central
land,
increased
from
the
especially
modified
from
part
AND
*$268,170
165,
cost
is
the
crushing;
the
as
p.
be
sold
YEAR
Arizona
and
*$568,912
DATE
*$1,266,280 *$2,046,885
19.47—Month—1946
$1,542,833
"
1947—4 Mos,
1946
$5,883,254
729,975
734,845
348,733
$50,261
2,542,806
$193,86®
50,261
2,557,850
1,731,697
193,889
6,510
$386,112
$43,751
$826,153
$167,82®
inc.
gross
3048.
corporation
on
Dividends
of
the
4%%
'of
26,049
the
common
the
on
rescinded
the
The
10-cent
dividend
dividend
was
declared
payable June
16
135
S.
La
Salle
Riggs, Business "Manager
(Telephone: State 0613);
Published
twice
a
oir
to«
29.
common
stock
equivalent
cumulative preferred
on
.
stock.
May
are
Corp.- -Rescinds Dividend
*
■
has
corporation
the
In
stock
are
to
$50
prohibited
least
at
par
unless
per
$100
value
or
a
liquidating value.
net
share
coverage
assets
on
of
the
200'%
a
notice to stockholders, Paul D.
Childs, President, says this
dividend restriction was overlooked at
the time of declaration and
it
now
appears assets
coverage of the preferred shares at
that
time*
after deduction of the proposed dividend was
only approximately 187%
•as
against 200%
required.
Accordingly, .the directors voted June 3
to rescind the common stock
declaration.
time
The
proposed
dividend,
Mr.
Childs
earnings.—V. 165, p. 2795.
number
Chesapeake
Merger of
tive
said,
was
amply
covered
by
mission
The
16,
of
•
•
-
-
natural
gas.
shers.. 25
V
said
Mr.
The
Ry.—Merger Effective— '
•
also
was
filed
In
the
it
of
Bowman.
directors
merger proposal
approval,
Under
"These
will
continue
to
be
known
as
"
of
the
C.
&
O.
and
the
'Pere
Pere
Marquette ratified the
stockholders of the two roads
early last year.
Later,
with only 5%" dissenting.
terms of the merger
agreement, each share of Pere Marquette
prior preference stock is to be exchanged for one share
of C. & O. con¬
vertible preferred and Va share of C. & O.
common stock.
Each share
of "Pere Marquette preferred is to be
exchanged for 8/10 share of
C.
& O.
convertible preferred and 4/10 share of
C.
& O.
common.
Each share of Fere
Marquette common is to be exchanged for
one-half
share of C. & O. common'.
•
•>
Virginia.
agreement
-MarquettesV
and electric properties in Phoenix
■----•
Ohio
-•
1920,
prede¬
its
&
Pere
as
soon, after
President
voted
Feb.
of
6
other States served
by the rail¬
was
signed at Cleveland by Robert J.
Bowman,
tjhe merged roads.
The Pere Marquette thus
ceased to exist as a separate corporation.
It is now an
integral part of the Chesapeake & Ohio
Ry.'
"The Pere Marquette name will
be perpetuated in the twin stream¬
lined pas$epger trains
operating between Grand Rapids and Detroit,"
ways
-
the
Marquette Ry. into the C. & O. became effec¬
the agreement of merger was filed with
the Secretary
of Michigan and of
the Office of the State
Corporation Com¬
June
on
•of State
to
assets
of
abandoned."—-
or
TO
-
Completion of the merger on June 6 entitled Pere
Marquette stock¬
holders, upon exchange of their
shares, to participate in the
of 75 cents
per share on the C. &
they will receive under the merger terms.—V.
'dividend
July
O.
common
165,
p.
stock
Chicago & Alton RR.-r-Exchange of Securities—
,
See
Alfon RR. above.—V.
164,
p.
3140.
Park
week
.
.
1
whicli
'2923.
Place, new York 8, n. Y., REctor 2-9570.
Herbert D.
Seibert, Editor and Publisher;
[every Thursday
St.. Chicago 3. Ill
(general pews
and
advertising issue) with a statistical issue on
1; prapers'
Gardens. London,
es
second-class matter Februarv
Monday].
Other
E. C., England, c/o Edwards &
25, 1942, at the post office at -New York
Sm)th.
Copyright 1947 by William b. Dana
n.
Y„. untjer the Act of March
American Union..>$35.90 per vear:
Company.
Reentered
3,
1879.
Subscriptions in United States, U. s.
fn Dominion of; Canada, $36.00 per vear. 'Other
Possessions, Territories and Members of Pan'
Countries, $42.00 per year.
•NOTE: •_ On account of the fluctuations in
'
the rates of exchgnvp *»mittf>nre for
"
foreign subscriptions and
advertisements must be rn^de in New York funds.
offices:
State
assessments
Pennsylvania—Earnings—
stockholders of record
......
in
of
of
2662.
p.
income
May 13
level
months ended March 31,
1947, approximately
sale of electric
energy apd approxi¬
frpm the
the sale
the
1947—Month—1946
1947—4 Mos.—1946
$3,038,368
$3,795,204 $11,857,985 $15,606,44flP
*271,103
*255,082
*1,615,784
*790,125
*53,752
*154,102
*408,445
*386,693
214,418
414,810
857,835
1,660,19a
revenue^—
oper.
income
The
an
During the
revenues
30%
of
large
APRIL
Chain Store Investment
'
70%
Jersey
type
materially
in
FOR
Common Stock—
operating electric and gas public
utility engaged
principally in the generatipn,
purchase, distribution and sale of ele.ctric
power
and
the
purchase, distribution qnd sale of natural' gas
and
operates in
Maricopa, Yavapai and Yuma Counties, Ariz.
It sells
customers.
to
'
be used for
company's construction
the
business
gas
due
the
preferred
the
the
this
will
EARNINGS
oper-.
-V. 165,
the
acquired
for
on
had
land,
Deficit.—V.
Net
considers
same
estimates
pro¬
reac¬
dividend
relief
taxation
Appeals
Net ry.'oper, income
Gross
income ——
of
exchange
by
aiding in the financing of
COMPANY—Company
and
mately
U.
a
some
Tax
Operating revenue'
(electric service at retail
to residential, farm, commercial and
industrial
upnstomers,. and -at wholesale to
th$ Salt. River Valley Water Users
Asosciatien, the Town of
Wickenburg and certain public utilities.' It
s.qlls. gas service at retail to
residential, commercial and industrial
outstanding March 31, 1947.^-y. 16$,
Financial Chronicle (Reg.
Seibert.■ President;- William D.
to
earlier
our
Central RR. of
of
The company is
;
.
William
expense..
income
•Earned per com1*100 share
S>.
$6,154,538
478,125
——,—____—.—.
Provision for Federal taxes
be
program.and
{and
1
Total income
;
old
construction
above
railway
Deducs.
construction
5.1613®
12.90323
.
Period End. Apr. 30—
company's employees) is to
obtain cash to aid in financing the
company's extensive construction
program
in
1947
and
1943
and, so far as necessary, to pay .the
redemption price of such shares of the old
preferred stock as shall
not be exchanged pursuant to the
exchange offer.
An amount, equivalent
to the
total of-the net proceeds
to
the
from
cessor
_
__'_•
—
*
,
1,594,923
3,106,751
Npt
Net
provide for greatly
Such program, which
management
its
.
operating profit
income
1946
allowances $44,794,313 $30,816,375
29,084,846
20,520,551
—
to
6.45161
4,540
Gross
income
Deducts, from gross inc.
redemption price of such old pre, ferred
stock as may not he exchanged
pursuant to the exchange offer
and to repay
90-day construction loans
aggregating $1,000,000 made
(to the company in May, 1947, by
Valley National Bank, Phoenix,
, JPirsf
National Bank, Phoenix and the Bank
of Douglas, Ariz.
y
It is estimated after taking into account cash
to be paid by the
company in connection with the
exchange and redemption of the old
preferred stocks that additional cash
of
approximately $2,400,000 will
Jie available for such construction
program as a result of the
sale of
(the new preferred stock now
offered.
(Including Domestic Subsidiary Companies)
Gther
shall
company
3 Months Ended March 31—
-
refund
accrued
shares
the
George L. S.cripps bap beep appointed Assistant
Treasurer.
In Sep¬
tember, 1946, he had been transferred
fo treasury department as
Credit Manager.*
*
f
extensive
an
designed-
at
of
1947
33ales
to
purposes
as
of
is
37.74193
5,675
Co.—:
Period End. April 30—
Gross
.
retaining as holders of new preferred stock as
many as possible of
'the present holders of old preferred stock. The
purpose of the sale of
t the pew .proferred
stock
(160,000 shares less-such number of shares
record
'
Month
which
37.74193
which seem now to be frozen, at least for
some
time
to come on a basis many times higher than
assessments of adjacent
non-railroad
property, and it is therefore deemed inadvisable
to ut'lize
any more of this land for
additional railroad facilities.
Instead, additions to our diesel repair facilities will be
made
at
other
points,
including. Pennsylvania, and the land
upon
which this shop was t»
have been
.
,
Caterpillar Tractor Co.—Earnings—
*
1948
&
constructed
plus
redemption.
offering new preferred stock in
exchange for old
: preferred, stock
are to effect, by a
voluntary exchange, the retirement
of as many, .shares as. possible of the
old preferred
stock, thus reducing
Lthe company's dividend requirements per share and
dividends
common
of
and
of
-r
comparable to the. returns being paid
by many other utility com¬
panies of similar credit standing.
The old preferred stock is
by its
terms redeemable at the redemption
price of $110 per share,
r
large pffices in Oconbmawoc,
Wis., and the research labo¬
ratory will remain in Milwaukee, Wis.
The usual quarterly dividend of $1
per share on the preferred
stoqk
.-and
the
June
_
„
'■
consisting of 7,500 shares of $7 preferred stock (less 12
shares
quired by the company) and 9,774 shares of$6 preferred stock
501 shares reacquired by the
company).
The
•
Milwaukee,
during the
consolidated
,
preferred stock
earn¬
national
The
sections
in
1947
Lee
project
railrpad
demands for electric power and
gas.
includes the installation of a new
30,000 kw. turbo generator and the
construction of additional transmission
and distribution
facilities, will
{jrequire total expenditures estimated at
approximately $8,200,000.
;
The company has
outstanding 16,701 shares of old
it
located
now
will- be
one
anairitain
*
in
increased
■v.
"
'
the
Seattle
{latter .part
lias
that
$5,479,950
'
>
PURPOSE-:—Company is undertaking
gram
Earnings Improve—
period last year.
He
New
C
88,229,489
$3,010,386
'
-
and
ings for the first five months of this
"same
94,584,809
'
.
.
24,512,204
-.
M.
Board
the employees should order from the
company
shares offered to them .hereby, the
5,(000 shares
to the respective employees ordering them en an
to be determined
upon by the management of the
basis
Percentage
33,196
33,196
11,349
ply, Beck & Co
produced
burden pf state
5,000
allocated
appropriate
No of Shs.
Corp
Inc..!———
have
r
In event
the
th®
whicbt
coupled with the fact that under a decision of the
N,e\v Jersey Court. of Errors and Appeals handed down on
April 24,
sustaining the 1942 tax assessments of our
Jersey City waterfront
and terminal lands, we must continue to
pay inordinately high taxes
on the land on which this
shop was to have been located.
"There had been
spme hope
that this particular litigation would
the ,emp)oyees making
12 months,
upon such
be deemed propei; by the
management, for the purpose
such employees to pay in installments for the shares
may
and
stock
,
;
OFFERING TO
EMPLOYEES—Company offers, initially at the price
tp the public, 5,000 shares of r new preferred stock for
purchase by
employee's of the company. In the event that
following the expiration
of the-exchange
offer, the offering price of the new preferred stock
by the underwriters should
vary, company reserves the right similarly
to vary
jts offering price to its employees. It is the intention of the
so purchased.
,■
„
,
t
»'
L
surrendered
representing old" preferred Bt,ock to be exchanged,
accompanied by the
letter of acceptance and
transmittal to Valley'National Bank, Phoenix,
Ariz., or Bankers Trust Co., New York, agents for that
purpose.
more
Canadian Pacific
the
.The exchange offer will expire at Noon
(MST) (3 p.m. EDT). on
June 23, and prior to that time the
holders of the old
preferred stock
electing to accept the exchange offer must deliver their
as
Co.,
labor and material,
•
pre-
the
company
terms
$750,114
underwriters
preferred
new
company announced on May 22 that it had cancelled
its plans
for the construction at
Jersey City, N. J., of a new diesel-electrio.
locomotive repair shop, estimated
to cost in excess of
$1,800,000.
A spokesman for
the Jersey Central
management said:
"The cancellatipn is due to
the increased
cost
of
■
company to extend credit, without Interest, to
such purchases, over a period of. not more than
/
:
statement
$926,730
several
of
The
certificates
r
$533,285
-
•
-
^
974,3.04
•
——
165, p. 2408.
$7
the?
shares
Central RR. pf New
Jersey^—Not to Build Shop—
-
'
$1,507,588
-
Balance
.—V.
its
of
of
87,956
follows:
as
Boston
Dahlberg & Co
—V.' 165, p.' 2795.
'
$1,482,255
,
25,3?3
-
__—
1
i
~
$1,076,528
11,385
—_
:
2
j
*
;—
preferred stock
on
3,338,480
—
deductions
income
1946
$4,009,093
2,526,839
;
-I
income
Balance before
■Total deductions
-.
1941
$4,415,008
—
Non-operating
holders
names
the
of
Henry
privilege of exchanging their
For^each .share of $7 preferred stock
basis:
stock
the
Benton
pursuant to this exchange offer,
will (a) issue four shares of new preferred
stock; and
.(b) pay a dividend adjustment in cash. The
dividend adjustment will
be $1.02* per share on
$7 preferred stock and $0.77
per share on $6
preferred stock.
The
dividend
adjustment represents the difference
r
between dividends per share on the "old
preferred stock from April 39,
1947 to July 28, 1947 (the proposed
redemption date for unexchanged
shares of old preferred stock)
and dividends
accrued
on The
four
shares of new preferred stock from
May 31, .1947 to such redemption
S date.•
■
Co.—Earnings—
and taxes
profit
following
preferred
to
&
Refsnes,
•
:
expenses
the
on
$6
'
the
12 Months Ended April 30—
Operating
and
stocx.
are
First
Blyth
,
The
numbers
being offered to employees or pursuant
to the exchange offer,
respective percentages of
unexchanged stock, to be purchased
the
by each
Central Arizona" Light & Power Co.—Preferred
Stock
Offered—The First Boston
Corp. and Blyth & Co., Inc.
headed an underwriting group which
publicly offered
;
June 12 at $27.50 per
share, a new issue of $1.10 cumu¬
lative preferred stock
(par $25),
Of the total 155,000
1
share issue, 87,956 shares are
being offered by the un¬
derwriters to the public and 67,044 are
being offered
>
initially by the company pursuant to an
exchange offer
to the holders of
its $7' and $6 cumulative
preferred
c
stock, of which 16,761 shares are
outstanding. In addi5 tion 5,000 shares are being offered by the
company to
i
its employees at the
offering, price. •
•
f
,
*•
not
are
and
of
Broad Street Investing Corp.—18-Cent
Dividend—
income
COMMERCIAL ^ FINANCIAL CHRONICLE
THE
4/(3164)
tion
KR.—Form of Bond—
The New York Stock Exchange on June 10, directed that deliveries
of first and refunding mortgage series of ,1970 2% % bonds, due 1970,
Up to and including June 26, 1947, may be made either with temporary
bonds .or with, permanent bonds;; that' beginning June 27, 1947, only
Chicago Burlington & Quincy
permanent bonds shall be a delivery.
Temporary bonds may be exchanged
Office
the
of
the
by
EFFECT
GIVING
CAPITALIZATION
;
■
Edison
Electric
Y.
N.
-'-The
announces that
company
June
Co.
gold
mtge.
amounted to
1947
2
its production for the five weeks
476,762 barrels, Which compares
endr
with
376,941 barrels
ref.
&
well at
Tarra
Anticline, has encountered, oil-bearing formations in the ™terval from
8 810
to 9 173 feet.
The well has been completed and brops^t into
production from this interval, flowing at the ratei of 1,506 bha"ej?
daily 41 degrees API crude through a Vi-inch flow bean. _The
interval reported in -the announcement of Aug. 6, 1946 will be tested
in
wells;—V. 165, p. 2544.
future
Colonial Stores,
Period End
May 24—
----..!--
Sales
165," pC
—V.
-
;
!
Power
17---—^
165,
p.
debt
_
9,896,285
Operating
expenses —
depreciation—
of pit. acquis.
Amortiz.
1,987,239
taxes
Fed.- income
.-..'profits
.]
—
and
Int.
long-term
on
subsidiaries
Amortiz.
Divs..
189,485
int.——
stkhldrs.
Mih-
837,500
705,687
subsidiaries
.
Balance
——-
-
21,818,928
666,667
21,152.261
electric energy of
of
subsidiaries
corporation adjusted to show general business conditions of
territory served for the week ended June 5, 1947, amounted to 268,048,-
263
as
compared with 237,537,750 for the corresponding
of 30,510,513 or 12.84%.—V. 165, p. 3049.
increase
an
j}.
♦
week in 1946,
,.%
j
■
1947—3 Mos.—1946
Period End. Mar. 31—
Total
oper.
TQtal
expenses
&
$1,181,987
$1,330,707
1,166,764
revenues—
taxes
1,031,931
$5,397,397
4,595,472
$5,088,232
.'4,421,353
after
operating
Net
Bal.
$163,944
Net
Divs.
$801,925
$666,880
34,755
200,863
135,159
$194,611
$184,811
$1,002,788
$802,039
50,633
48,630
201,077
197,886
$143,978
avail for int.,
$136,181
$801,710
$604,152
458,202
458,202
etc.
deductions
Total
$150,056
30,667
expenses
operations
misc.
jL
income
on
114,550
114,550
stock-
capital
BALANCE
SHEET,
MARCH 31,
600,000
Whipple & Co.—
and
450,000
100,000
& Go.—— 2,250,000
A. G. Becker & Co. Inc. 2,250,000
Biddle, Whelen & Co
100,000
William Blair & Co.—
900,000
Brooke, Stokes & Co
Stockton Broome & Co.-
&
Inc
Co.,
Byllesby
M.
W. Carroll &
Lee
Co
Central National Corp—
property—net,
est
Dain
M.
&
Co
Uhion Trust Co._
Davenport & Co.,
L.
R.
& Co._
&
Townsend,
Day
DeHaven
&
Crouter
100,000
,
—
100,000
200,000
300,000
Lynch
Mullaney, Ross & Co
Securities Co._
Nashville
National
Co.
150,000
;
Newburger, Loeb & Co._ New York Hanseatic Corp.
100,000
notes
series A, 3%, due 1969, $6,accounts payable, $202,735; consum¬
bonds,
mortgage
$600,000;
payable,
deposits, $475,588; unredeemed ice coupons, $2,855; accrued inter¬
on
funded debt, $84,125; accrued interest on consumers' deposits,
O'Brian Mitchell & Co.
100,000
O'Connell
Homer
&
Alfred O'Gara & Co.—
Ohio
100,000
100,000
200,000.
600,000
Pacific Northwest Co;
Pacific Co.
California
of
Int.
Net
-
with
tensen, Inc.
175,000
150,000
Phillips,
100,000
500,000
B.
Schmertz
100,000
W. Pizzini & Co., Inc.
Wm. E. Pollock &
Co., Inc.
300,000
Co.
2,250,000
100,000
300,000
Scott,
600,000
Inc.
Seasongood & Mayer
100,000
100,000
Equitable Securities Corp. 2,250,000
Sheridan, Bogan Co
100,000
Este & Co
100,000
Robert Showers
100,000
Singer, Deane & Scribner
150,000
William R. Staats Co
250,000
150,000
100,000
100,000
Scott & Stringfellow——
150,000
150,000
Walter Stokes & Co
150,000
150,000
J. S. Strauss
June 11
on
ing mortgage bonds, 2%% Series C, due June 1, 1972 at
102 and interest.
The issue has been oversubscribed.
The bonds were awarded on a bid of 101.42599, a net in¬
150,000
Graefe
Co
&
100,000
Graham, Parsons & Co._ 1,200,000
Ellis & Anderson
competing bid of 101.0399 for a similar coupon was
received from an investment banking group led by
Gregory & Son, Inc.—
Watling, Lerchen & Co._
200,000
Sulzberger
of
1947; due
series C
are
redeemable at option of company at any time
whole or from time to time in part, on
than 60 days' published notice, and are
also redeemable, on like notice, as a whole, upon the taking by exer¬
cise of the power of eminent domain of all or substantially all of the
mortgaged property.( The initial optional redemption price is 105 and
the Initial special
redemption price is 102, plus accrued interest in
each
their maturity,
than
30
nor
as a
more
case.
PURPOSE—The proceeds will be applied
rat
toward the cost of redeeming
$35,000,000 20-y.ear 3!/2% debentures series due 1956, due
1956, to the payment of the principal of short term bank
aggregating $24,050,000 (applied to refund bonds), and to the
IOIV2
April
loans
1,
deposit of $1,230,594 in a special fund which may be drawn upon
time to time for additions to utility plant (over and above such
from
addi-
Ira
&
&
100,000
Co
&
Wheelock
Share Corp.
150,000
E.
Wood
Wurts
& Co—
Co._
100,000
-—
&
PLANS—The
150,000
bonds,
together
Pursuant
March
bonds,
27,
to
the
of
present bond
Issue is
the
proposed plan of refunding the company's
aggregating
$319,541,000
authorizations
of
the
principal
Commission,
\
^
June
1
directs that deliveries of
10
1947, may be made either
certificates or with permanent certificates; that be¬
1947, only permanent certificates shall be a delivery.
temporary
list 4,123,432 shares of common and 547,788 shares of
stock on the Detroit Stock Exchange has been granted,
165, p. 2663.
to
Body,
City, Mich.—Files
Inc., Bay
with
SEC—
The
for
company
on
60,000 shares
Moreland
June 6 filed
($1 par)
Proceeds
Co.
&
equipment and
Coos
letter of notification with the SEC
a
common to be offered at par.
Underwriter
will be used for additional machinery and
working capital.
for
All
of
Bay Lumber Co.—Calls 5% Preferred Stock—
the
stock
have
share
and
made
be
at
the
shares
outstanding
20,516
been
called
dividends
for
redemption
amounting
to
50
of
5%
on'
July
cents
cumulative
per
company's office at Chicago,
preferred
1, next, at $21 per
share. Payment will
111.—V.
160,
p.
2540.
Copper District Power Co.—Calls 4x/2% Bonds—
has called for redemption on July 12, next, at 103
all of the outstanding first mortgage 4>/2%
bonds,
due June 1, 1956. Payment will be made at the City Na¬
tional Bank & Trust Co. of Chicago, in Chicago, 111.
'
?
Immediate
payment
of the
full redemption price, plus accrued
interest to July
12, 1947, will be made upon presentation and sur¬
render of said bonds.—V. 161, p. 2784.
<
The
company
interest,
and
series
A,
'
.
J
V
capacity
manufacturing
The
of
the
power
factor
division
this
of
corporation will be practically doubled with the completion of' an ad¬
ditional plant of 41,000 sq. ft. in area, according to an announcement
by
Octave
about
a
Blake, President.
The new structure will be completed in
- '
;
week.—V. 164, p. 3412.
,
_
^
Co.—May Sales Ihcreased 1.5%— ' ''
Period End. May 31—
Sales—
—V.
165,
p.
'
1947—Month—1946
1947—8 ivios.—1946
$1,263,318 $1,245,798 $10,076,578 $9,647,138
2544.
the
company,
12
•
on
Ended March 31—
Months
Operating revenues
Operating expenses
}.r
operating
Net
earnings
Net
other deductions
and
income
—V. 164, p.
3141.
1947
1946
$429,683
364,005
and taxes
income^
Non-operating income —
Net
Interest
amount.
issued $100,000,000 first and reefunding mortgage
series A, due March 1, 1982, and on May 6, 1947, issued
1947,
2%%
if,
on
2,865,038
Cumberland Gas Corp. (& Subs.)—Earnings—
issuance
outstanding
long-term debt and preferred stock.
Application has been made by
the company to the New York PS Commission for the approval by the
Commission of $290,000,000 of first and refunding mortgage bonds to
be issued by the company, the proceeds thereof
(together with other
funds of the company) to be used to redeem its callable long-term debt
and to pay off at or prior to maturity
certain of its non-callable
a
$6,505,473
300,000
Dulles & Co
Yarnall & Co
&
100,000
100,000
FINANCING
third step in
$924,107 $12,109,812
to and including June 26,
up
Crown Drug
Cummins,
Woodard-Elwood
1,000,000
Bond
&
Inc.
Harold
2,250,000
500,000
Co
$1,129,527 $14,575,006
205,420
2,465,194
$9,370,5ll
205,420
York Stock Exchange
stock,
2,250,000
Wertheim & Co
250,000
Stone & Co
100,000
& Gibson
Arnold
150,000
i.
Haupt & Co
Hirsch
Weil
100,000
Hayden,
Hill
Webster
Co.,
&
Inc.
June
&
100,000
Indianapolis
to
100,000
Tyson
100,000
Haydon
89,972
Cornell-Dubilier Electric Corp.—Increases Facilities—
150,000
Co.
3,724,168
Cr37,281
Cr7,552
_<•
Continental
.
Dabney &
Walter-Webb & Co.—
changeable.
less
100,000
Townsend,
Wachob-Bender Corp
Hallowell,
4,146,037
448,260
300,000
100,000
Harrison & Co
Bonds
100,000
Thomas & Co..
200,000
1, 1972. Interest payable June 1 and
Dec.
1 at head' office of the trustee or agency of company in New
York City.
Coupon bonds in denomination of $1,000 registerable as
to principal,
and fully registered bonds in denominations of $1,000
and multiples thereof.
Coupon and registered bonds are to be inter¬
not
600,000
Lom-
&
Gutro & Co
1,500,000
Co
&
Harley,
Morgan Stanley & Co.
prior
250,000
& Co
Gruntal
A
1
—
Stubbs, Smith
bardo, Inc
600,000
Green,
Co
Grubbs, Scott & Co
terest cost of 2.66%.
Dated June
2,250,000
:
&
Stroud & Co., Inc.—
Co.,
Glore, Forgan & Co
3,464,810
37,352
2,176
subject to registration becoming effective.—V.
100,000
Edw. Lowber Stokes & Co.
Co. Inc.
289,500
37,355
& Mason,
Horner
Stix
&
287,516
$1,316,566
$4.50 preferred
150,000
Co., Inc
Schwabacher & Co
Freeman. &
5,870,527
$1,458,555 $18,450,795 $17,330,687
Raffensperger, Hughes &
Schmidt, Poole & Co._—
M.
8,563,903
pfd. stock
on
Approval
100,000
750,000
100,000
Inc.
3,281,388
Listing Authorized—-
&
Robinson
100,000
M.
3,641,330
disc.,
ginning June 27,
100,000
Foster & Marshall
1,981,906
949,591
100,000
_
100,000
Bonds
121,384
Form of Certificate—
Writer & Chris-
Peters,
100,000
—
6,670,500
8,762
$1,633,885
Balance
200,000
Paul & Co., Inc.-
Field,
Halsey, Stuart
offered $60,000,000 1st and refund¬
7,221,333
$1,111,145
Dividends
150,000
Consolidated Edison Co. of New York, Inc.
26,480,073
587,792
1,088,956
}■
_J
Income
The New
Stifel, Nicolaus & Co., Inc.
Oversubscribed—A syndicate headed by
35,908,798
expense
common
Dreyfus, Jacquin & Co.-
Co.—
$61,615,081
2,435,468
629,750
income
debt,
100,000
Draper, Sears & Co.—
&
taxes
' &
150,000
Kendall, Inc
,
Charles H. Drew & Co.
Richards
excess
deductions
Other
100,000
L. F. Rothschild & Co.—
First California Co
1947—12 Mos.—1946
$5,440,168 $73,907,542
1
&
of
prem.
&
_1
Copeland
Patterson;
200,000
150,000
165, p. 2410.
1947—Month—1946
long-term debt-
on
Amort.
Park-Shaughnessy & Co.
Fahey, Clark & Co.—
Fauset, Steel & Co
total, $16,780,849.—V.
income
profits
100,000
extensions, $40,791; capital stock
$25), $5,727,525; capital surplus, $942,376; earned surplus, $1,-
(par
■
Fed.
2,250,000
Clement A. Evans & Co.,
324,221;
always
25,000
General taxes
300,000
Otis & Co.—
$42,298; accrued insurance, wages, taxes (other than Federal and State
income taxes), $89,848; accrued Federal and State income taxes, $518,487; reserve for contributions for line
not
alphabetical
alphabetical
Co.—Earnings—
$6,616,764
3,239,173
adjustments
150,000
Co'.——
The
600,000
100,000
Inc.
near
100,000
-
John Douglas & Co., Inc.
J. Edwards, Inc
Elkins, Morris & Co.
is
exact
as
Co.,
The Robinson-Humphrey
R.
in
always
are
it
reasons
companies
Amortize of plant acquis.
150,000
2,000,000
duPont & Co.
mechanical
arrange
revenue
Gross
100,000
I.
""
1947—5 Mos.—1946
$2,337,655 $12,754,350 $12,985,242
100,000
300,000
Inc.
to
Consumers Power
&
Son
Reinholdt & Gardner—
R. S. Dickson & Co.,
Stores, Inc.—May Sales—
However, they
position as possible.
150,000
Omaha_
of
Co.
Newbold's
H.
Rand & Co
Merle-Smith
output of elec¬
the
week
ended
1998.
p.
Operating expenses
Prov. for depreciation-.
100,000
&
165,
Gross
200,000
Dick
for
1947—Month—1946
100,000
Martin & Co._
C. Miller &
Moore, Leonard &
250,000
Bodine
System
3050.
$2,669,063
Period End. April 30—
& R.
Co.
100,000
Henry Dahlberg & Co
Dallas
W.
E.
100,000
Inc.
165, p.
NOTE—For
100,000
Francis
LIABILITIES—First
ers'
Cooley & Co——.—
S. K. Cunningham & Co.
;
that
30
100,000
150,000
Clayton Securities Corp.
C. C. Collings & Co., Inc.
6.7%.—V.
possible
&
—
100,000
300,000-
E. W. Clark & Co.—
J.
Co.
Hutchinson
Miller, Kenower & Co.—
100,000
100,000
100,000
300,000
100,000
Co., Inc.
C. F. Cassell &
Co
Milhous,
600,000
,150,000
:
Caldwell Phillips Co._—
v
.
150,000
Co.
W.
Byrd Brothers
applied
100,000
&
McJunkin, Patton &
Co.
&
the proceeds
stock.
....
purchased)
and
order.
200,000
McMaster
150,000
900,000
& Co
Burnham
Burr
and
-
preferred
announced
generated
Consolidated Retail
—V.
Masten
E.
A.
150,000
150,000
100,000
Stein
&
June
100,000
Co
100,000
150,000
100,000
Bradford & Co
11
June
on
Period End. May 31—
Mason, Moran & Co
Bear, Stearns
thereof,
cumulative
bidding or
cumulative
trustees
2,250,000
,
&
$5
cumu¬
new
the- $5
150,000
Inc.
man,
the
for
with 35
100,000
—
Marx
combination
of
exchange
1947,
Leedy, Wheeler & Aller-
150,000
Inc.
underwritten
Sales
Detmer & Co
$16,780,849.
730,000;
Co.
or
(electricity
Ladenburg, Thalmann &
150,000
Barret, Fitch & Co., Inc.
Baum & Co.,
C.
Co
&
John Kormendi Co
&
Parker
___—-:
Co
&
Kidder
M.
a
presently contemplated that' the
will be sold either on competitive
200,000
Dempsey & Co
1947
$13,946,286; investments in sub¬
sidiary companies, $68,504; funds realized from retirement of properties> $50; bank deposits and cash on hand, $1,310,119; notes receiv¬
able, $20,297; accounts receivable, $447,993; insurance and other de¬
posits, $3,558; inventory of material and supplies, $898,871; prepaid
taxes, insurance, etc., $64,731; unamortized debt expense, $20,442; total,
ASSETS—Plant
100,000
Ketcham &
A.
stock,
increase of
250,000
100,000
merchandise,
from
&c.,
and
taxes
of
Space &
175,000
& Co.'
is
or
on
June 3 declared a dividend of 40 cents per share,
to stockholders of record June 16, 1947.
This com¬
cents paid on March 28, last.
March 29, 60 cents in cash;
Payments in 1946 were as follows:
June 15, 200% in stock; June 29, 60 cents in cash; Sept. 30, 30 cents;
and Dec. 26, 45 cents.—V. 165, p. 1313.
Kebbon, McCormick & Co.
Nongard—
E. Aub
it
stock
company
pares
follows:
as
:
Lane,
on
voluntary
8,
payable
the
Kalman & Co., Inc.—
100,000
100,000
City Securities Corp
Charles Clark & Co
1947—12 Mos.—1946
and
Co., Inc
150,000
—
Co.—
Atwill &
iJulien Collins & Co.+-.u~l
Net
Norfolk
250,000
Ashmun Co
S.
C.
Chaplin & Co
.
rJ> Community Public Service Co.—Earnings—
are
stock.
subject
be
Consolidated Investment Trust (Boston)—40-Cent Div.
9,000,000
underwriters
100,000
(Inc.)
output
kilowatt-hour
weekly
this
an
9,993,000
300,000
H.
Weekly Output—
The
of
7,790,000
Kalb, Voorhis & Co
Brush, Slocumb & Co—
32,029,254
,
.
25,000,000
Arnold & S. Bleichroeder,
Bramhall
32,029,254
several
stock would
amounted to 186,800,000 kwh„ compared with 173,100,000 kwh.'for the corresponding week of 1946, an increase of 8.0%.
Local distribution of electricity amounted to 181,000,000 kwh., com¬
pared with 169,600,000 kwh. for the corresponding week of last year,
300,000
4,367,305
Net income bef. divs.
on
prefeired stock
The
tricity
June
R. H. Johnson & Co
Bacon,
9,942,706
the
Johnson,
George K.
8,468,396
1,288,630 -1
and
$27,982,000
.
Investment Corp.
150,000
Boettcher & Co
v®f Parent corp
3,176,895
2,784,563
Appropriation to special property reserve
of
is
company
preferred
cumulative
cumulative preferred stock has not been determined
market and economic conditions prevailing at the
new
retirement
the
to
Johnston, Lemon & Co._
J.
,
names
of
preferred
Weekly Output Increased 8%—
principal'
of
\
..
in
preferred
1947),
the
incorporation
shares
cumulative
new
trust with the
in
.
■
the
depend
issuance,
preferred
issued
1,450,000
100,000
Amott, Baker & Co., Inc.
100,000
Geo. G. Applegate
14,424,922
12,396
:
•
Secur. Corp.—
13,624,864
Cr4,871
of
lative
the company
1947
(of which
payment
purchased by them, respectively,
Brothers
1,133,204
»
the
guaranteed
Co.—
will
time
of
irrevocably deposited
Halsey, Stuart & Co. Inc.$5,500,000
Allison-Williams Co.-—
100,000
Redpath
of
stock
pfd.
on
and
,'/■*'
1963
1,
amounts
Bache
533,918
(of
for
to
the prior approval of the PS Commission.
While the precise method
time of refinancing the present $5 cumulative preferred stock and
The
Auchincloss,
757,604
and
gold coupon bonds, 4%v due July 1, 2004.
Yonkers Elec. Light & Pwr. Co. 2%% debs, due July 1, 1976
A.
143,892
1949
and
1947),
year
26,531,045
62,385
also
Lighting
51,087,779
64,645
1948
mtge. 5% 50-year bold bonds, due Dec. .1, 1950_
Gen'l mtge. bonds, 3Mt% series, due 1967, due July 1, 1967
New
York & Westchester Lighting Co. gen'l mtge.
100-
56,312,640
expense—
Other deductions
in
20,
1st
4,830,047
and
pr.em.
.
8,082,484
16,420,020
disct.,
debt
of
has
July
due
Westchester
3,744,254
debt
May
of
plans
2,200,000
such
1997.
refinance its $5 cumulative pre¬
after the issuance of the bonds
certificate
its
issue
and
1995
practicable
as
Under
to
issuance of
of issuing
the following bonds and debentures of subsidiary companies:
Steam Corp. 1st mtge. bonds, 3'/2% series, due -
on
1963,
funded
the
redemption.
company
28,113,084
—
on
payment- thereof, and funded debt
called for redemption on June 6,
such
5,262,693
_
to
11,476,527 shs.
tabulation
above
principal amount, remained outstanding on May 20,
for
American
$
4,559,069
18,118,593
for
been
York
New
maturing
which funos have been
for
4,132,659
i
.—J
income
ef
has
$11,953,000,
1,130,852
excess
taxes
."Gross
•
342,878
269,409
adjustments
General
trustees
and
from
which $4,987,000
which the principal
to maturity has been deposited in trust with the respec¬
interest
which
omitted
C.
authorized
The
as
in
mature
presently
soon
series
of
None
which
bonds
company
stock
ferred
2,188,865 shs.
12,611,110 shs.
been
has
company
and
Almstedt
18,432,020 242,314,223 215,985,081
92,223,661
7,655,906 112,539,276
21,640,093
1,858,934 22,671,561
2l;548,2S6
—
Subs.)—Earns.
$
par)
(no
The
..
-
60;000,C00
2,188,890shs.
•'2,200,000 shs.
UNDERWRITERS—The
1947—12 Mos.—1946
$
$
for
(&
1947—Month—1946
$65,000,000,-of
callable
stock (no pari-:—
stock (par $100):
pfd.
outstanding
tive
several
revenue.—
Prov.
29.8
153,963,000
199,869,000
Period End. April 30—
Gross
the
interest
3049.
Commonwealth & Southern Corp.
I/;
of
remained
The
Co.—Weekly Output—
-
1,
or
-
May
March
due
due April
preferred
NOTE—There
Commonwealth Edison Co. and associated com¬
panies
excluding sales to other electric utilities, for the week ended
June
7 was 15.8%
higher than the corresponding week in 1946. *
Following are the ki.uwatt-hour output totals of the past four weeks
and percentage comparisons with 1946:
% Inc.
',) Week Ended—
1947
15.8
june
7_
199,217,000
172,045,000
19.8
Mav 31 ~
184,011,000
153,536,000
22.0
Mftv
24~
199,295,000
163,363,000
-^V.
100,000,000
stock
Common
Electricity output of
———
100,000,000
Series
cumulative
trustee
„
1962— 100,000,000
1/ 1977— 100,000,000
C, due June 1, 1972
60,000,000
A,
series B,
2% %
1
•
1,437,000
..
1,455,000
series
$5
2663.
(Commonwealth Edison
'v'
"
*'
(open-end mtge.) bonds:
-Cumulative
Inc.—Current Sales Increased 36.14%
1947—4 Wks.—1946
1947—5 Mos.—1946
$12,265,999 $9,009,617 $64,794,249 $47,800,264
"
$30,000,000
5,176,000
mtge.
2%%
•.
". '
Outstanding
of' '
bonds,
2%%
.
„
Th"
"
15,000,000
July 1, 1995—
County Electric Light
Co. purchase money 6% 99-year gold
bonds, due Oct. 1, 1997
Consol. Edison Co. of N. Y., Inc., 1st &
,
barrels for the four weeks ended April 28 and
for the four weeks ended March 31.
'
*
company
also announces that well WT 2, a discovery
Los Cerritos, Venezuela, on structure at 10 kilometers 'West of
"
1958 $30,000,000
due
Kings
Ltd.—Production—
354,311
which $40,950,000 were repaid from the pro¬
ceeds of bonds of series B), .and other funds of the company, to the
redemption or payment at or prior to maturity of $254,541,000 of
long-term debt.
After the issue of $60,000,000 of bonds of series C,,
the
redemption of $35,000,000 20-year 3'/2%
debentures series,, due
1956, and the payment of the $24,050,000 short-term bank loans, there
will remain $30,000,000 20-year 3'/2%
debentures series, due 1958, of
the company to be refunded through the issue of additional first and
refunding mortgage bonds in order to complete the entire plan of debt
refunding.
Upon such completion, the company will have outstanding
$292,832,000 of long-term debt, consisting- of $290,000,000 of first and
refunding mortgage bonds and $2,892,000 (as of May 20, 1947) of non-
Inc.,'
due
series
Illuminating
consol.
1st
York,
New
3 Vfe %. debs.,
20-year
Edison
of
Co.
.
imt
,
,
FINANCING
PRESENT
TO
»
Authorized
Consol.
5%,
Co.,
York PS Commission:■» -•
New
gating
y. 165, p. 3048.
..L Colon Development
$100,000,000 first and refunding mortgage bopds,- 2%% series:B, idue 1
April l,-> 1977, and applied the proceeds, thereof, together with . shortterm
bank
borrowing now
aggregating $24,050,000
(initially aggre¬
constructed through funds originating, from • credits
reserve and net salvage) or as otherwise authorized
be
may.
as
the depreciation
to
for permanent bonds at th
Street, Room 905, New .York, N. Y-
2 Wall
company,
1
Monday, June 16, 1947
—
$394,816
$65,678
$11,564
383,252
12,541
17,685
$78,219
27,404
$29,250
$50,815
$5,052
24,198
Volume
-
165
Number 4603
Dallas Power & Light
Co.
THE COMMERCIAL & FINANCIAL
CHRONICLE
-Earnings—
-
-
SUMMARY
-
1
Period
End. Apr. 30—
Operating
Operating
Federal
Other
expanses
taxes
$j2J,42i
-
Gross
3,924,212
1,168,828
927,918
$211,877- $3,026,929
$2,242,604
Deprec.
22
,
__
1947
.
eral
Other
$227,564
revs.—*--
than
189
'
.
809
excess
1946
•
•
1945
,
-
297,236
1,164,054
482,430
1,912,983
488,304
914,000
1,897,890
1,759,714
1,088,175
Operating
Operating
profits
2,o76,000
Gross
income
Interest
on
Other int.
$227,564
$212,066
$3,027,738
46,667
46,667
560,000
560,000
bonds
mtge,
7,435
6,714
Gross
79,522
82,328'
1,992,000
Transfer
to
surp.
$158,685
Int.
18,277
Balance surplus
$143,675
to
682,730
4'/2%
pfd. stock—
$1,702,680
334,935
413
398
14,432
$1,900,641
$1,704,659
$5,229,264
•198,344
793,375
814,181
Net
25,605
32,860
198,344
(net)
9,878
-
$1,279,148
"
•
5,873
_
oper.
—V.
165,
—
3,035
14,828
Gross
72,656
$1,686,892
$1,497,407
$4,395,456
$2,539,008
reduction
in
1945
2411.
p.
Decker
The
$100,000
at
approximately
month
per
The
with
$550,000,
declared, payable
164, p. 3141.
Dayton Power
syndicate
rights
sales
currently
are
for
the
against
as
&
excess
profits
tax
Net
first
$689,576
in
Divs.
resulting
six
months
for
the
headed
of
of
estimated
by
Morgan
June
on
holders
of
10
41/2%
cumulative
in
stock
before
June
at
($100 par)
Blyth
thereafter
to
the
holders
$103
at
share,
a
in
plus
each,
shares
has
area
The
and
in
an
properties
include
The
used
to
finance
program
term
The
additional
cash
Series
funds
the
resources,
loans.
required
sale
of
be
may
additional
provided
The
■
Series
A
stock
standing shares
will
of
is
being
issued
to
the
company', s
preferred stock, 4y2% Series. The pro¬
from the sale 1 of
any 1 shares of unexchanged
Series A ;kstock,
together with other company funds, will be used
for .the redemption of
remaining outstanding cumulative preferred
stock,
CAPITALIZATION GIVING
EFFECT
TO
PRESENT
Authorized
First mtge. bonds, 2%% ser. due
1975_
Preferred stock (par $100)
3.75%
Series A,
Series B
3.75%
Common
stock
♦Bonds
Fred
the
10,000,000
Gross
more
series
Net
ry.
without
limitation
in
Washington
(6,300), Xenia
adjacent
estimated
capacity
minute
1946,
(11,600)
territory.
of
210,750
227,360
distributed and sold
in
of
the
Wilming¬
1946
indicate
installed
1947,
which
company,
During
(9,900),
parentheses
company has an
Uo to
March 31,
kw.
kw.
H.
86 other incorporated communities
figures
The
demand
gross
was
and
(The
population.)
C.
rated
Gross
Net
Net
the
maximum
occurred
approximately 90%
and
present
ry.
growth
—V.
GAS
,
in
gas
the
0>
sale.
,K,
or
operate
anv
Ohio
All the
Fuel Gas Co.
The/company
pursuant
to
amended.
an
The
commencing
notice
and.
and
general*
working
the
in
supplying
term
to
►
of
the
At
a
the
the
company's
present
pany
lower
rates
specified
from
gas,
The
and
fide
agreement
company than
the
for
Ohio
Fuel
total
but
the
from
total
the
purchased
in
The
gross
sale
Fuel
offer
gas
at
a
The
Gas
a
in
or
having
500,000
of
shares
the
the
Co.
a
paid
for
Gas
Co,
20
years
three
years
.agreement
vendor
if
more
of
'
'
•
.'
of
the
1946,
total
of
the
charging the
than
agreement
the
com¬
mcf.
for
of
Mi,',.
general
outstanding,
165,
was
.
-
•
I
.
for
1945
1944
547,370
395,147
31^.022
304 443
79,767
38.781
23 573
145,644
33,175
8,743
2925.
Subs.)—Earnings—
7 709
income
from
corporate
76,552.406
from
and
$12,575,233
3,613,000
income
on
3%%
bonds
reserves
sales
of
tPortion
real
J Portion
000,000
of
$15,653,629 $14,793,701
4,070,833
4,565,375
estate
approp. to employees'
of appropriation to
for past
cost
services_
of
fund
68,349
due
sinking
Oct.
1,
1959
to
redeem
—V.
165,
-
j.
___—
3,417,470
2,503,752
;
—
$12,575,233
serve,
during
accruals
1945
for
for
all
taxes
other
to
retirement
than
income
$8,475,453
(depreciation)
taxes,
and
accelerated
(COMPANY
Operation
Net
1
___:
INCOME
State
and
1947
provision
Diana Stores
Corp.—May Sales Increased 10.1%—
—V.
company
1947—10 Mos.—1946
$1,070,389 $10,775,710 $10,953,034
(A.) Co., New York—Files with SEC—
on
June
5
filed
a
letter
common
or
of
notification
stock,
without
the
to
7,425
45,994
income
taxes
,'
deductions
company
44,754
34,502
18,000
26,490
$80,747
'
$97,447
47,646
deductions
47,574
$33,100
.__
$49,873
23,690
23,694
$9,410
—V.
income
165, * p.
$26,179
3050.
Eastern Utilities Associates
Operating
Subs.)—Earnings—
$1,158,742
$1,035,266
718,851
603,857
Operation
Net
(&
1947—Month—1946
revenues
be
1947—12 Mos.—1946
$13,321,349 $12,090,693
8,496,068
6,989,448
oper.
Non-oper.
41,635
42,739
550,575
taxes)
183,625
167,463
1,953,951
622,728
1,900,414
revenues—
$214,631
$221,208
$2,315,752
$2,578,103
49,051
29,569
434,933
$263,681
(incl.
$250,777
$2,750,685
inc.
income
(net)
res.
330,319
$2,908,422
'
accrls.
60,308
.61,300
733,103
741,600
$203,373
$168,977
$2,014,577
$2,166,822
30,503
34,928
402,662
429,525
285
income
and
Misc.
2,466
15,206
21,604
$151,584
$1,596,708
$1,7)5,693
amortization—
deductions
Balance
Pfd.
div.
$172,582
-
deductions:
B.
V.
G,
&
E.
Co
to
Eastern
minority Interest.
to
U.
E.
Utilities
with
sold
assistance
at
of
the
SEC
income
Expenses,
$1,638,041
22,099
$1,613,615
$1,496,957
A._
24,426
$1,496,957
—
$1,613,615
Associates—
Earnings of subsidiaries
Total
77/652
$1,519,056
Applicable
77,652
(as above)_,—
Non-subsidiary income
20,626 shares of Class A
private negotiation with
197,740
40,141
.__
Federal
Applicable
2545.
De Pinna
for
by
1947—Month—1946
$1,178,828
185, p.
1946
$408,357
9,374
—
;
income
Subsidiary
SUBS.)
267,473
taxes
Gross
$5,003
$461,729
Maintenance
General
23,694
♦$1,822
(INCLUDING
—
Depreciation
$128,696
''
ACCOUNTS
(inch other income)
revenues
$21,8"8':'
•
.
CONSOLIDATED
14,267
12,82$
23,690
*
—
♦Loss.
Operation
taxes and
_
——_
interest
286,587
228,495
$1,783,545
$1,842,111
168,549
..
157,372
$1,614,995
$1,684,738
market
brokers
Balance
<
14,573
earninfcsH^'—-—-iilu
income
.
14,216 ~
i
Deductions
i\>
•
$138,461
81,234
1,435
102,617
2,742
,
—.__
f.C'Nefc-
'
1946
$156,016
:
Maintenance—
Taxes
ONLY)
1947
—
re¬
depreciation and postwar adjustments.
tCharged to surplus in December,
1946, which equals the reduction
reflected in the above provision
for Federal income taxes attributable
to
that portion of such
appropriation which is deductible for those taxes.
tWhich
equals
the
reduction
reflected
in
the
above
provision
for
Federal taxes on income
attributable to such cost.—V.
165, p. 2797.
Sales
$11,987,479
Corp.—Earnings—
CONDENSED INCOME ACCOUNT
Depreciation
Int.
appropriations
2,572,457
797,000
$11,243,354
current
2,507,892
3,209,295
1999.
p.
3 Months Ended March 31—
Gross earnings
—
Gross
income
2,137,000
292,553
3,413,330
266,155
:
Total
Retirement
$19,^
Net
172,000
1,937,000
:
—;
107,862
200.000
fund
(par $10)
Balance
340 000
bonds
68,267
133,892
800,000
retire¬
:
$1,084,849
F
series
155!872
Cr557
retirem't
employees'
ment fund
$716,118
192,000
,
stock—
1, through
Period End. Apr. 30—
$15,473,725 $14,192 748
179,903
600,952
debt
$11,987,479
$647,320*
payable—common
Earned surplus
Taxes
unfunded
151,712
1,687,000
5,464,901
66 823 067
4;870,000
income
funded
1,086,434
"
Capital surplus
Net
1946
$96,896,131 $84 828,815
utility operations
1,879,590
1
1947
surtax
1,000,436
6,562,139
purposes
—
Common stock
Parent
(&
.
1946
$486,406
535,000
-
construction
Oct.
Total
T
,
2,469,937
127,037
logging operations
assets
liabilities
Gross
254,073
income—
$0.33
31
1,039,955
1,246,630
3 Months Ended March 31—
Ry.—Earnings—
5,133
natural
gas
MARCH
231,000
callable
2925.
p.
11,7'68
Net loss
The
such
SHEET,
$534,535
Maintenance
.
•
With
$80,388
on
purchased
company
11,183,709
company
'
the
$0.96
BALANCE
Eastern Minnesota Power
'
stock
1946
68,267
$2,572,457
pulpwood)
accrued
1,500
600
1,000,000 shares.—V.
income
Gross
i
favorable
.
.
the
capable
$3,922,899.
L
as
and
reserved
1st mtge,
L200
6,479
Period End. May 31—
is
1 500
'
14,231
Interest
of
Co.
1945,
the'remainder
said
year
by
the
Gas
of
upon
conditions
under
2,250
$83,265
Balance,
agreement.
Fuel
of
68,349
2,700
connection
earnings from utility operations—
♦Operating and maintenance
Other
2,528,862
$2,640,724
$3,209,295
reserves)
Bonds
2,700
12,703
Detroit Edison Co.
from
Ohio
28,
period
a
responsible
upon
Nov.
may,
terminate
from
delivered
amount
for
requirements
price
Ohio
For
is
Ohio
dated
company
the! company
conditions,
gas
therein.
said
amended,
as
provided
time,
rates
the
with
1946,
other
bona
is
from
»'
24,653
♦Includes
gas
600
company.
;
agreement,
1,
sold
gas
800
fhanager.^said the funds'will
capital
12 Months Ended April 30—
adjacent territory. Company does not
product'on properties or gas manu-
natural
agreement
Jan.
in
gas
natural
purchases
certain
Company has
and
natural
factoring-plants.
The
of
derived
was
Miamisburg (6.100), Oakwood, Piqua, Sidney,
Washington C. H., Wilmington, Xenia and 29 other
'
'
company
750
2,700
$110,522
and
$111,862
notes
Other
3,450
-^jri
Gross
16,
energy,
Funds
Dividends
85,911
tax
1
2,951,256
,
Normal
56,000
■
1
$3,277,644
Balance
Dayton.
Troy (10,2001,
incorporated communit'es
own
'
the
600
.
Treasury
:
Additional
OPERATIONS—For 1946, approximately 25%
of
750
800
was
revenues
600
five-
Dec.
on
of
1
hand
on
LIABILITIES—
750
3,600
and
Total
48,414
p.
189,000
,
1947
banks
Accounts payable
Accrued Federal taxes
2,000
railway
railway
165,
$167,862
-
1,500
!
of
Delta
:
1,500
1,200
1,200
$163,365
oper.
.
17,929
$515,388
—
Plant, property & timberlands (less reserves)__i
2,250
1,600
from
from
$149,933
20.C40
share
common
Miscellaneous
'
income—
generating
produced by the company, the balance
having
purchased in Oh'o from
Cincinnati Gas & Electric Co.,
Ohio
Edison Co.1 and Central Ohio
Light & Power Co. Company's transmission
lines are also connected with
the transmission lines of
certain other
utilities operating in Ohio.
natural
2,700
in
S.
Pulpwood
750
3,600
been
operating
600
1,050
railway—
railway
oper.
$494,743
period
(except
2.000
Co.—
Co.___;
From Jan. 1—
as
OPERATIONS—For 194S,
approximately 71%
of
the
total
gross
operating revenues of the company was
derived
from
the
sale
of
electric energy in
Dayton (265,300), Oakwood
(11,000), Piqua (16,400),
Sidney (10.5001, Urbana (8,500),
ton
;______
1947
from
Net
of
(less
3,000
:
from
10,710,000
end
Inventories
V
;
authorized capitalization
7,500,000
or
21,647
3,814
1.—___
stock
common
at
Receivables
3,600
r
Co
in
on
1,500
1,000
—
Co
April—
_
one
&
increase; the
results
an
5,143
,___
1,200
4,600
„
—
Corp
Detroit & Mackinac
$28,850,000
principal amount, but subject to the restrictive
provisions
mortgage of the company dated as of Oct.
1, 1935, as
the third supplemental indenture dated
as of Oct.
1, 1945,
company and Irving Trust Co. as trustee.
first
amended by
between the
This
with
205,097
20,034
ASSETS—
Cash
800
Co
and
223,847
expenses—
$326,388
U.
750
1,000
Wqolman,^President
to
2,349,401
4—'
CONSOLIDATED
Outstanding
*
2,000,000 shs.
in
E.
used
1946
$2,729,892
Income
3,450
Co
/bankers, ^handled the
C.
months'
2,797,lo2
operations!
600
1,000
Co._
C. Yager, Inc._
165, pp. 2797, 2924.
expansion
12
$3,545,910
_.
beginning of period
Earned per
Lines, Atlanta, Ga.—Sells 100,000 Common
Shares Privately—The
company June 10 announced the
private sale of 100,000 shares of common
stock at a total
price of $2,200,000.
Courts & Co.,
Atlanta, investment
be
the
Sub.)—Earnings—
long-term debt
at
Balance
Delta Air
300,000 shs.
$7)
issued
&
&
for
adjusted, for comparative
to other periods.— V. 165, p. 1726,
194 J
sold—
750
1,600
_
&
taxes
been
3,450
2,000
Boyce
Lerchen
Income
have
applicable
surplus
Dividend
1,200
2,000
1,600
Co.———!
Corp
—V
600
3,000
Co.___.
Weid
.
State
1946,
profit
Total
800
Wisconsin
on
Surplus
600
3,600
.
,
&
Securities
White.
7^65,464
and
31,
3,450
1,000
1,400
•
Walker
Series.
FINANCING
cumulative
(par
be
may
to aggregate
of
cumulative
4'/2%
of goods
2,000
Son
Webster Securities
Watling,
600
800
Union
The
2,152,328
1,375,000
8,180,746
"
1,600
_
.
Co
&
1,375,000
sales
1,000
4,600
:
&
Federal
March
800
G.
H.
343,750
stk.—2,152,628
for
1,000
—
Spencer Trask
343,750
for provisions
2,250
be
out¬
com.
ended
Net
600
4,600
Co
Sweney, Cartwright
$3,672,523
Profit before Federal taxes on income
Provision for Federal taxes on income
1.500
1,600
_
Co
&
3,002,499
$9,109,571
3,450
*
"
800
Company
Bros.
2,927,476
$3,103,027
1st pfd. stk.
Profit from
600
800
Co
Stone &
720,314
Miscellaneous deductions
600
4,600
*___
Co., Inc..:
and Co.
Scranton
125,497
$12,037,047 $12,675,022
i
Co
&
134,905
$2,775,392
Miscellaneous
800
&
&
30,2oa
$3,856,246
747,219
Selling, shipping and general
7,200
*■
_
Co...
Murch
&
ceeds,
the
&
H.
$3,825,987 $11,902,142 $12,549,525
5,250
3,000
_
;
Co._
Turben
W.
Stein
>
r(efund
cumulative
of
Series B
2,000
;
Skall, Joseph, Miller &
Smith, Barney & Co
short-
or
shares,
"800
_
Ohio
Chas.
the
from
securities
...
•
Stock
B
Cost
800
—
Corp
&
,829,176
$3,495,706
,
__•
Corp.—
&
&
Putnam
portion of the company's proposed 1947 construction
it
is
presently estimated,
will
cost
approximately
a
which,
tl4i500,000.
company's
of
of
800
Corp
&
Hilliard
Presctot
generating plants having
capacity of 210,750 kw., to¬
sale
Net
75,000
2
Hoyt
Maynard
electric
the
B.
Merrill,
capacity of 100,000 kw.
from
J.
Miller
McDonald
systems and electric
distribution systems. In order to meet
anticipated demands for
electric energy, the
company is presently constructing a new electric
generating plant with an initial rated generated
proceeds
as
9,600
Peabody & Co
Lee Higginson
Corp.——___
gas
PURPOSE—The
Sachs
,640,984
2,686, 801
3 Months Ended March 31—
stock
7,000
Kidder,
aggregate installed rated generating
gether with electric sub-stations and transmission
and
Boston
Ripley
Shepard
Colgate
purchase, distribution and sale of
in Dayton and surrounding
territory in Ohio. The service
estimated population of 710,000.
company's
aggregating
___
Cleveland
3,018, 016
701,576
$3,465,417
68;750
86y,4b4
Eastern Corp. (& Canadian
the
shares
the
numbers
respective
___
___
Co.;
being
are
the
an
&
cumulative
of
opposite
of
4,600
Michigan
Hawley,
Hayden,
case
COMPANY—Company incorporated in Ohio in 1911, is engaged
principally in the production, purchase, transmission, distribution and
gas
the
Greene & Brock—.-
a
cash payment of $6 per share and
adjustment of dividends by
underwriters. The underwriters will
accept subscriptions, subject
to allotment, during the
period of the exchange offer for shares of
Series A stock at $101.50 a share
plus accrued dividends, subject to
the prior rights of holders of
the cumulative preferred
stock, 4J/2%
Series, under the exchange offer.
natural
(b)
B,"
A"
preferred
Co.—
Harriman
Hill
100,000
of
Goldman,
the
energy
cumulative
W. D. Gradison & Co
Grant-Brownell & Co
with
electric
First
First
First
stock, 4%% Series. The exchange offer
expires at
3:00
o'clock p.m., N, Y. City
Time, June 16,
Any shares of Series A Stock
not taken in
exchange will be purchased on a share for share basis,
of
"Series
shares, such
Series A
Sonsni.T
&
Co
The
J.
company's
&
The
100,000 shares of Series A stock
the
of
preferred
sale
the
agreed to pur¬
respective numoers of
Inc
&
House
Drexel
\
EXCHANGE OFFER—The
offered
of
and
"Series
Fahey, Clark & Co
Field, Richards & Co
at
redeemable, at the option of the company, in whole
time on 30 days' notice, at $105 a share on or
1952, at $104 a share thereafter and on or before
dividends.
Co.,
Brown
Curtiss,
is
1,
1957, and
holders
exchange
caption
that
on
period
severally
caption
100,000
stock.
&
Alex.
any
June
1,
accrued
to
to
Ball, Burge & Kraus
dividends.
part,
the
Morgan Stanley & Co
W. E, Hutton & Co
Almstedt Brothers
preferred
678,700
251, 158
30,289
♦Provisions
Number of Shares
Stanley & Co. and
(subject to the
3.75% series B, cumulative
share and dividend. "
Series B
the
in
have
proportion
under
offered
taken
-1946,,
•
Interest
Series A stock is
redeemable, at the option of the company, in whole
in part, at
any time on 30 days' notice, at $104.50 a share on or
before June 1,
1952, at $103.50 a share thereafter and on or before
June 1,
1957, and therealter at $102.50 a share, plus in each case
or
the
below
stock
be
B
underwriters
underwriter bears
under
Series
or
accrued
A
in
(a)
forth
each
not
shares
offered
ferred stock,
per
set
Series
shall
entire
stock under
company's exchange offer) 100,000 shares
preferred stock, 3.75% series A, cumulative
($100 par)
at $101.50 per share and
dividend and 75,000 shares pre¬
$102
severally,
of
name
68,232
1,087,500
revenues
5%
on
purposes,
shares
excess
De"
,267,090
income
Divs.
chase
Sales—
—
running
1947— 12 Mos.
62,790
taxes—
deductions
costs arising from
redemption bonds.
Aggregate annual dividend requirements 011 Series A
stock and Series
stock will amount to
$656,250.
Light Co.—Preferred Stocks Offered
W. E. Hutton & Co.
prior
sales
year of
quarterly dividend of 5 cents per share has been
July 7, to stockholders of record June 21, 1947.—
usual
V.
—A
that
announces
res.
income--
Income
"
Manufacturing Co., Albion, Mich.
company
of
1946.
'
New.
S.
f
Federal
from
B
Leo
plant
income
UNDERWRITERS—The
Balance
of
5
of
$12,645,153 $10,694,353 $i4,o58, 3(,3 $42, 670,893'
5,266,775
3,582,537
19,lob, u24
14, 854,401
£'19,457
577,101
3,085 .903 t, 2 ,460,972
1,264,515
l,069,4o5
<4
4,455 8 j6
adjustm'ts
♦Federal income
♦Other taxes
990,000
5,527
to
will
Co.
35,724
income
♦Equivalent
elec.
acquisition
$4,469,997
charge
Net
of
Other
debt
interest
Trust
$4,484,429
Other deductions
334,935
$1,367,745
lg.-tm.
on
amortization
$1,614,083
r
$5,228,866
__
♦Special
14
$140,408
$1,704,246
24,600
Regular
$1,614,097
29,787
res.—.
Dividends applic.
$2,385,410
$1,876,041
-
income
Other
$173,462
revenue
Other income
$2,253,619
and deducts...,
oper.
1947—3 Mos.—1946
revenues—
expenses.—_
Maintenance
!
Approp. to retirem't
1,265,000
tax_-
Amort,
Net
Is
Period End. Mar. 31—
.
*
533,494
1,033,100
stock
Duquesne Light Co.—Earnings—
1,605,716
1
The
being sold by Guaranty
York
and
Vivian De
Pinna, trustees under the
Pinna.—V. 163, p.. 3131.
—Calendar Years-^
-
,
517,568
income
11,015
1946
.
agents.
$7,053,491 $25,302,779 $22,961,334
3,167,275
12,422,986
10,780,732
Fed¬
Federal income tax
Fed.
income—
-
(3165)
or
•*'
287,483
retirements-
or
Taxes—other
'
Net- operating
earnings
$8,496,668
4,248,982
i
Maintenance
1,177,799
941,976
79,046
revenues
Operation
1,567,805
96,852
77,863
.
Depreciation
..
$9,840,338
of
—3 Mos. End. Mar. 31-
1947—12 Mos.—1946
$80o,950 $li,u07,Uoti
315,607
4,233,518
104,751
1,635,805
396,977
_
—116,391
102,943
taxes
'
1947—Month—1946
revenues.——
W,
t
'
1
"
6
THE COMMERCIAL & financial chronicle
(3166)
COMPARATIVE
Dividends
from
Dividends
from Fall
'
:
$1,894,546
51,641
100,756
17,626
$1,726,297
taxes)__
income
$1,435,689
i—
dividends—
for
Balance
dividends
Convertible
dividends
Common
157,911
paid.
and
1948
The company
EARNINGS—The
istrative
/
!<.
31,362,101
207,897
'24,794,657,
,""$3;083,2l6
;
2>rl3,l 37
$2,619,108
—
amortization
and
$30,110
165,
June 5,
operations
income
1.
(net)
."
income
203,691
taxes
Balance
carried
to
earned
Amount
Dividends
172.486
47,796
31,879
18.5
10,634
22.2
not include the system inputs of
in both periods.—V. 165, p. 3050.
figures
above
The
%;
Divs.
7%
on
7%
on
stock
preferred
($5.25
-
—V.
165,
2545.
p.
stock
($31.50
Cash
U,
Govt,
"Accounts
Operating
Operation
$
—
Goodwill,
8,316,223
8,890,647
2,498,565
.
2,983,382
2,732,877
taxes-—.—____
Amort,
2,600,00d
278,372
------
Net
1
;*>.■
v.-
.
Federal
taxes
taxes
income)
on
:.
banks
f
for
20,137,028
8,149,927
8,584,509"
27,306,986
declared
86,250
346,897
345,000
x
-
off-
dividend of ,l/20th
stock
common
a
said.—V.
announcement
165,
2798.
P.
The
company
on
10 filed
June
letter of notification'
a
173,200
-
.
'}
SEC—
with the SEC*
market,will be"
50,000 shares of common stock (par ,$1) to be sold at
the total pride not to exceed $100,000.
Name of underwriter
filed by amendment.
Proceeds go to S. C. Korn.—V. 163, p.
1863. < •
Fonda, Johnstown & Gloversville RR.—Earnings—
131,000
73,188
150,000
.
2—
93,025\ "
revs—_
$73,492
63,289
oper:
$310,56#
$321,038
55,768
$73,925
ry.
1947—4 Mos.—1946
1947—-Month—1946
\ Period End. Apr. 30—
Total
258,829
-
223,909=
■
-
payable to banks
'
$10,636'
,
$17,724
-
,
25,583,709
88,253
Stock
share
each
Fleming-Hall Tobacco Co., Inc.—Files with
U-
$1,671,823
418,784
470,977
.1
have
)
2544."
p.
•
directors
share
company's
•
$1,946,968
541,387
449,085
income
on
(current)-
V. 164,
fpr
'4,265
—..
$373,31 r
$1.51
$2.04
—
.
revs.—;;
oper.
for
3,792,840
13,080
136,030
5,456,943'
152,434
1
150,346
—
,311
$502,574
—
depreciation but before deducting depletion
Ry. operating expenses
(non-current)—_I_— —-—..,787,500
i"'—^
20-year 3Vi%-lst'mtge. and leasehold bonds
1,8111,000—.
——:
Net rev. from ry. ops.
Mtge. note 4%
due Oct. i, ..1.959 ipaid in .1946). ./ •; „——
1,239/330 - Federal-income tak_—_
Reserves for Federal taxes on gross profit from
„
.
Other ry. tax "accruals
-installment sales
60,000 *''■>* 35,000.7,>
Reserves for possible decline in inventory prices
;
'
Ry. operating income
,and other contingencies
—-1,000,000 , i*.600,000
Net rents
6% preferred stock ($100?parj-,w„„
-1,767,600Common stock; ho par (issued 372,100 shs.)_^2t,.:5,085,357
-5,085,357;
? Net ry. oper. incomePaid-in and capital surplus-„_,^_,
277,448 ■,: .-',277,448
Other income
§ Earned surplus
2--. ..2,565,993
1,586,386
for lease of plants
Rent
—-
:
etc.——"
wages—
(other than
(.payable to
Dividend payable
17,518,352
5,951,030
marks,
•
taxes
Notes
4,910,707
trade
7
Notes
'
pletion
reserve
ap¬
propriations and depr.
etc
payable;
salaries, and
tReserve
1,050,000
" 1,113,144'
1,721,516
5,602,034
24,710
174,281
5,923,078
contr
Mortgage bonds or notes. (current)—
*
'
—LIT
64,240
sales
$14,911,028 $13,399,093 <•'
Accrued
plant
utility
acquisition adjusts—
Prop, retirem't and de-
condit.
'
Accrued
i,—__
2,600,000
_—
of
(less
Feb. 2,'46
$1,684,621'
-
etc
equipment; etc.
amortization)_-——.
trade names,
Accounts
Chgs. in lieu of taxes on
income
and
.liabilities—'
.
12,012,276
10,757,791
Feb. 1, '47
$1,315,032
cost
investments,
Total
.17,541,407
2,166,875
taxes
Other
a
372,100
stocks
buildings,
Leaseholds
$
$
4,076,461 Crl,237,413.. 14,067,701
Maintenance
Federal
tLand,
34,787,372 128,734,486 137,102,439
13,407,299 50,489,051
50,337,472
35,884,590
13,783,503
revenues
receivable
at
115,000
:
held, payable July 10, 1947 to stockholders of
record June 30,. 1947. This compares.'frith a cash dividend, of ten cents
per share paid March 31,
1947.
- - H
The
company announced that payment
of the 5% stock dividend
makes available additional cash wbrking capital at a time when the
company's unprecedented high production and sales volume necessitate"
a,
continuing large inventory of raw materials.
.J
Progtess
is being
made
in
the erectioh 1 Of * the company's new
enamelirtg plant building. This plant when completed/in about thred
months
will
have
cost
approximately $175,000 and is expected • to
result
in savings of 65%
or
better on present enameling costs, the
95,951,
hand—_
on
180,000
—-*
—
87S»
Fleetwood-Airflow, Inc., Wilkes-Barre, Pa.
The
_
17,032'
Dividend—
share
per
Prepaid- insurance, ' supplies,
" 1947—12 Mos.—1946 '
1947—3 Mos.—1946 "
and
securities,
claims,
Sundry
Subsidiaries:
106,056
21,131
'
banks
in
S.
Merchandise
,
Period End. Jan. 31—
$646,109:
30,861
COMPARATIVE BALANCE SHEET
Electric Power & Light Corp. (& Subs.)—Earnings—
'
$1,470,179
—
share)_
per
1946
14,433
938
$682,574
—
share.
.
'
i.
1947
,
for Federal income tax
per.
"After
-
$45,228
Smelting Co.—Earnings—
income
Net
■s
1944
1945
$48,405
-
shipping product produced by lessees—
Earned
surplus
preferred shares
pfd.
ASSETS—
Bales
150,000
3,027 shrsi called fdi" redemp. Nov. 1, 1945)
Dividends paid on common sharks
i.
1947—Month—1946
1947—5 Mos.—1946
$6,569,198
$5,797,928 $27,533,496 $25,368,224
31—
400,000
on
Inc.—May Sales—
Edison Bros. Stores,
Period End. May
t
■
"Net -income
$2,666,109
1,870,000
-
com¬
any
do
not appearing
panies
_
dividends paid on. 6%
1946
1947
204,365
58,430
1,200,000
income—
on
Appropriation for possible decline- in inventory
; prices and other contingencies!
±
—Increase—
Operating Subsidiaries of
American Power & Light Co
Electric Power & Light Corp
1946
'$242,975
$209,010
Quarter Ended March 31—
of concentrates prodiickd
Tons of
47,001.
§3,070,179
,
.
Provision for Federal
Ebasco
of
Total
-
Services Inc., which are subsidiaries of
American Power & Light Co. and Electric Power & Light Corp.; as
compared with the corresponding week during 1946 were as follows
<in thousands of kilowatt hours):
companies
ating
charge
follows:
as
Calendar Years— """" ■'*'
Tons
Profit from
the System inputs of client oper¬
1947
summarized
are
1315.
p.
Federal Mining &
'
Inc.—Weekly Input—
ended
week
taxes
Apr. 30, '47
earnings
—V.
Provision
the
after
earnings
4 Mos. End.
Net
"
'
expenses
Depreciation
Other
Ebasco Services
■
,.
,
a
'
/ Feb. 1,'47
Feb. 2,'46 "
Net sales (incl. sales of leased departments)—'
$34,653,314 $27,617,456
Cost of goods sold, selling, general and admin¬
52 Weeks Ended— "
165, p. 2925.
For
.
developed
t
(The) Fair, Chicago—Annual Report—
;
1,405,580
$197,088
Balance
similar plate in 1941 for the use of
customers of airlines which is known as the Air Travel Card.
-
1,371,298'
paid—
1949.
in
„
49,709
90,037
—
—
(incl.
which expire
Company holds basic patents on the Charga-Plate system
tions),
$1,593,062
Interest
on
notes,
1
$1,364,567
228,495
286,587
Light Co
__
Expenses
—V.
1946
16,152
Total
Taxes
1347
$1,608,259
subsidiary companies
River El.
income
(after deducting $595,000 U. S. Treasury savings
series
C),
$646,795;
deferred income
(unexpired
subscrip¬
$2,453;038; capital stock (par value $1 per-share)/ $500,000;
paid-in
surplus, $454,005;
earned
surplus,
$1,953,088;less
49,263'
shares of capital stdck in treasury, at cost, Dr$265,705; total, $6,703,978.—V. 162, p. 8.
r
taxes
ONLY)
(COMPANY
INCOME. STATEMENT
12 Months Ended April 30—
Monday, June 16, 19471
5,005
$97888
16;000
'
5,700
20,366
3,836
$5,632
-
$86,664'
$62,209
v -t
4,000
»
^^
-
1
•'
15,305'
.
.
•
:•*:
'
■
P
—
(net)
—
3,061,674
302,255
Operating income
Gther iilcome (net)
.
242,358
25,238,709
707,668
586(0ld
-
8,740,617
8,363,929
income
Gross
►
26,960,089
8,498,259
———
25,824,719
27,667,757
~
9,862
—W3t
$26,281
$45,74S
2,196
1,166
——
'
""
$7,692
$4,465
$55,359
$38,143
—*
'
"
Dr218
'
; 576
1,936 "
Dr70i;
,
Ret
int.
to
public,
deductions
f
etc.,
••Transfers
'
and
td
from
404,870
1,601,544
1,892,979
304(302
273,564
interests
nority
960,815
T
18,628,4^6
5,925,875
5,666,306
.
.
vr Net income
Light Corp.—
Net
equity
taxes
1,173
5,967,609
„
income)——.
on
Int.,
froth
Fed.
198,800
surplus—
Gross
40,860
?
provisions
651,429
5,861,420
17,119,696
requirements
Dallas
earned
STATEMENT
End. Jan. 31—
Period
Gross income—
OF
f
From subsids—Consol.
Other
profit
(other
taxes
taxes
.
Current
1947—12 Mos.—1946
5,710
1,173
Qther
int.,
Prov.
for
1,292
taxes
assets—cash
7,947
30,645
40,860
198,800
830,660
585,674?
124
414
Crl35,000
The
.
$2,605,478
for
company
liabilities-—wages payable
sold
June
filed
5
(20 cent par)
Underwriter
on-behalf
Charles
of
&
—V.
Welker,
notification
a
with
York.
New
the
former" Vice-President
164,
-1
<
•'
Apr. 30—
End.
Co.—Earnings—
92,228
SEC>
oper,
Non-Opef.
revenues—
-Balance
the:
•
■
.
Years End. Mar. 31—
revenue
before
Profit
after
taxes
1945
$13,987,659 $11,492,448
1,566,537
1,084,936
taxes
:
Gross
216,748
$216,281
76,000
6,333
6,333
■
529,061
—
268,452
227;518
$1.17
$1.33
share
$2.15
CONSOLIDATED
BALANCE
$2,356,881;
A ASSETS—Cash,
.
SHEET,
MARCH
31,
$1.18
1947
"
'
rities,
"
S.
at
cost plus
accrued
(after deducting $595,000 applied against liability for Federal taxes on'
$673,871;
accounts
receivable
(after
reserves
of
$27,184),
$370,081;
inventories
(at cost,
which is not in excess of -market),
$984,001; investment in securities of an office building porporation,
$5,000;
cash
unconsolidated
in
investment
surrender
value
life
of
subsidiary
insurance,
(wholly-owned),
$44/630;
due
from
officers
and
cmplojees (company shares and other assets held as
collateral),
$66,812;
sundry investments and other assets,
$67,882;
property, plant, and equipment (after reserves for depreciation and
amortization
of
beings amortized
supplies
and
$185,669),
over
other
$785,370;
months
12
expense,
or
subscription promotion expense,
less, $555,882; prepaid insurance,
total, $6,703,978.
$241,521;
LIABILITIES—Accounts
propriation
withheld
$30,547;
payable (trade), $652,019; current
employees'
profit-sharing
plan,
$151,567;
for
from
employers
payroll
inissions, $97,474;
taxes,
for
$19,151;
income
taxes
accrued
accrued franchise taxes,
and
bond
/$178,429 '.'
48,918;
-
$227,348
A
«•■.■■■■
income——-
.
——
$140,281
$151,34$:
4,055
1,627
$14,476
i.
———
..
..in
li. '
rn-m-.m
i
$136,226
132,362
*
165, p. 2413.
year
J—1. ■■■>
$149,720
119,125:
;
.
Sales
organized
salaries, wages, and -com$12,000; estimated Federal
in
in
corporation
and
Maine
management
1923
in
in
of
1911
the
1904
the
under
assets
as
Maine
of
the
the
predecessor of present company was
a
manufacturer of
eye-glass cases.
company
of
name
organized
the
A.
a
Massachasutts
Farrington
W.
Elgln
sale
Co.,
In
1929
enables
to
Shick,
&
metal
plate
than
,
,
the
retail
print- their
more
Inc., Remington Rand, .Inc.7-Waltham Watch
Co., W. A. Shaeffer Pen. Co., Swank, Inc.
Co.
^
company
developed the Charga-Plate
stores to easily identify charge account
names
carried
300
-
and
addresses
on
Co.,and
-
system which
customers and
slips by means of a
system is now in use in-
sales
by the customer.
This
department and specialty storks
>
-■
i
..
■
r
$0.32.
outstanding —V." 165^- +
'
:
/ ' ' - \
stock
common,
45,066 '
-
.
1946 ,
$9,864,793
,1947
$11,287,569
——
-
——————
,
of companies
both a whole¬
operated and 1.727.
figure for May 1946 consolidates the sales
into this corporation on Nov. 1, 1946, which do
arid. retail
through
business
518
company
independent dealer-stores.- The Gamble-Skogmo group'includes Gamble).
Auto Supply (California), stores and MacLeod's Ltd;(Canada).
first
the
for
Sales
■
29.3%
the
over
1
same
/ f
■-
•
Controls COi
General
increased
months
five
165, p. 2669.
period for 1946.—V,
—
Stocks Offered—A banking
syndicate headed by Wagenseller & Durst, Inc., on June'
10 offered 30,000 shares of 6% cumulative preferred,
stock at par ($25) and 10,000 shares of common stock
share.—V. 165, p. 2413.
(par $5) at $30 per
General Foods Corp.—Registers
The
company
covering
on
June 11 filed a registration
shares
250,000
of
preferred
^
•
with SEC—
stock
statement with the SECf
(no par).
Underwriters-
Sachs & Co., and Lehman Bros.. The money will be used
the company's new building, for replacements and renewals and»
the increased cash requirements due mainly to higher cost
in-'
Goldman,
for
Ventories
—V.
Maine
National Watch
24,140
62,68'f1
4
165,
and
p.
to
bank
repay
2926.
loans
required
for
these
purposes.
:
.
Co.,-
corporation were purchased by
A. W. Farrington Co.
which then took the name of Farrington
Manufacturing Co.
Company pioneered the
manufacture of metal
specialty display boxes which it
now
manufactures
for
packaging
nationally advertised products of such companies as:
Gillette Safety
Krementz
52,671"
Stores..,.Western
General
The
Razor
'■ -
of
sale3
unified
for
HISTORY AND BUSINESS—The
The
on
share.
per
■:
.
.
.
ij.The.
Mass.—Stock
Boston,
June 11 offered
4,000 shares of 5%% preferred stock (par $50) at $52.75
ap¬
amounts
purchases,
Co.,
Offered—Sides, Morse & Co., Inc.,
176,177
iy Gamble-SkogmOj Inc.—May Sales Increased 14.42%--
v
149
declared
2926.
p.
shares
140,000
on
76,000
$14,625
}
t
1947—4 Mos.—1946
April, 1947
-
operating income.:
-
"
472
Farrington Manufacturing
;
income),
$552,044;
-
Mexican- dividend taxf on - the common-(.stocky payable; on' ;
record-June 12. .Payments last, year^were.YT.W
on June 25-^and 54V2 cents on Dec. 20; both'les?' Mexican' divi-, »•
tax.—V. 165, p. 2544.
' ..'f ^
.
195,847
Govt, and other marketable secu¬
interest less amortization of premium
U.
—V.
544,256
"
206,686'
$14,380
.
Net
Dividends
1,307,160
596,687
315,586
per
J
to holders.of
Month of May—
$14,853
.
charges———■
1944
,
1,456,457
,..
per'
declared a gross dividend1 of-65V2: cents
5
$86,987
-
802,103
131,679.'
'
$144,67671,605
$20,959 '
$21,186
accrls._
res,
income-—:
Interest
$9,460,440" $7,939,780;
970,764
Dividends
Earnings
1946
1947
—
Profit
•
-946,849 N >
140,593
.
-1
Net
June
$315?836
,
Retirement
•
" ?
:
$1,448,86*7" $1,318,902;
$15;112
5,847
$9,350
11,835
(net)
income
f
-
$116,702 »
70,798 <
11,909
--18,882 .
13,863
»
(& Subs.)—Annual Report—
Esquire, Inc.
on
111.
Dividend—
„
; r $7,874,188
\
V'"
1947—l2Mos.—1946
1947—Month—1946
$136,862
21,419
Net
company.—V. 163, p.*2851.
X
A——$8,498,457
L
'
p.; 2690.
Operation
being
of
208 So. La Salle Street, Chicago,
$24,056
$117,376
Int.* and other; deducts.—.y, 6,131
/ 24,103
Net before". Federal taxes-!-!—.17,96^;
93,478
Het after Federal taxes—■
12,732 . ;
61,564
Earns:'per common share!——2_!_'! '-"
$0.03
$0.43
398,088
177,125,
227,820 •;
Fall River Gas Works
share'
a
Shares
$275,600
S35;3l7" .*$368,201
Operating
expenses_u--^—-—.45,191.;;.; 178,677
Depreciation and taxes—16,069
.
72,147
$9,182,583?.; $8,519,506j
"96,571n:',r70,ib5,
;
Operating revenues,
"$8,676,264
to be offered at $2.45
Co.,
trustee,
2,364,115
-,364,736.»
York—Files with SEC
letter of
a
common
Gillen
10," next,
JUly
on
•Frontier PbwCr Co.—Earnings—
.
*'■
—-
;
;
Maintenance
on
17,000 shares
redemption
for
Period Ended-April 30—
.
1
•
Operaiihg-. revenues!—---——-
.
$3,155,391
3,000,000
$3,819,170
__L.v" '"3,000/000
2,363,413
Net current assets
2134.
employees.
13,077
2925
called
been
directors
The
"Based
100,000'
651,429
$2,748,898 $10,352,794
Emery Air Freight Corp., New
to
.
1946
1,202,883
196,429
p.
31
——IL
Taxes
,)
MARCH
.
income
-V. 165,
accounts
and
Accounts payable
Period
Net
?
16,566
debentures at 100 and interest. - Payment will be made
available for that purpose and derived from the. sale
properties of the company at the City National Bank &
Co.,
cents
on
I income
.
moneys
June-30
14,132
etc., deducts.
Fed.
•J
■
|
..'1947•
•'
receivable—'
*
Total
486,289
Total
-$24,342
$8,365
■
'i!
3,269
■
(The) Freshillo Co.—65V2-Cent
Net
.
11,053
Expenses
:
—f
'
.
FINANCIAL POSITION,
OF
Victory bonds at cost
15,045
Cr6,243
taxes
of
Trust
15,239
'
-
84,000',,
_
Reserve for taxes
338
p.
'\
"V $232,915 " "'$110,465
u
Metal inventories
thap
income.)——
on
16,286
.
;
-
Current
Ned.
/
-
j
STATEMENT
$2,814,526 $11,867,234 $10,619,813
$3,299,587
-
.•'Vk 4,142
V
„-—
165,
have
certain
of
"$35,281
90,414
'
$2,813,353 $11,861,524 $10,604,768
1,303
Total
?
1946
$352,716
,52",987>
:$316',915', *>$110,465
!■
•">
$3,298,284
,-v.
: $300,629 2 "$125,696
•;
*i»oss.
•
(CORPORATION ALONE)
INCOME
1947—3 Mos.—1946
:•
,
.
15-year 4%
out
un¬
or
f
.4,,
9,039
Realty Cor^l., Chicago, 111.—Partial RedempJ,
Fbfitlan
dend
Net
...»
COMPARATIVE
-
——
profit before taxfes—Trovisiori for taxes—.
dividend
earned.
—l"
Net
Power' &
tFull
♦
share,-" less
13,076,971
Railway & Terminal Co. (net).
applicable to respective periods whether
and
Non-operating revenue
100,000
the franchises of Dallas
of
;
of
'
ighjfr /
-
•
profit
development and depreciation
Operating profit before taxes
1,202,883
414
.
'
9,039
$684
"$961
——
equipment)
"lieficit.—V.
Shares" are
operating
Deferred
585,674
830,660
Cri35,000
5,273,500
with
accordance
Co.
Quarter Ended March 31—
14,132
on
196,429
Balance,
Eight
30,645
124
taxes
income
"In
1
1,292
,7,947
486,289
SEC|
of notificatiori
letter
a
common;
Falconbridge Nickel Mines, Ltd.—Earnings—
15,020,520
18,634,136
Cr6,243
income™
Prov..for
/
5,927,043
338
—
6 filed
pan)
-
of
r
deductions
etc.,
($1
"L', &
There
11,053
Other taxes-.
Expenses
15,045
.
than
(other
taxes
15,005,495.
18,628,426
5,710
5,925,875
1,303
-
—
Total
Fed.
5,966,306
above)-
(as
income
shares
7,500
5,751
$33,381
.
2,259
-
.*
with the
issuable upori exer- •
option td be granted to Andre Planiol for purchase of the
stock at $2.59 a share up to Dec. 31, "1949."" Proceeds will be used for,
gbheral corporate? purposes.—V. 165, p. 2276.':, ...
.' - /
* :/
for
cise
*
Other
J^ine
■Thd-compahjr oh
15,005,475
Electric Power &
r
2,259
Fairchild Engine & Airplane Corp.—Files with SEC—
:
0
.
$2,943
$1,298
-—
5,586
$17,404
1,437
.
Ltl90T
.5,227
2,608
1,396
j
debt"
"
.
—
■
!
.
$46,32a
$28,217;
$6,988
1,552
808,148
■
r
•
_:
...
Net equity of corp. in
inc. of subs.—-cons.
1
.
,
$4,247
—
Inc. after fixed chgs.
Conting. int. on funded
Treasury tax savings notes.
Portion
■
for
income
Miscel.; deductions
Fixed charges 2—
$90,000 in 1947 and $52,554 in 1946.- fAfter
depreciation of $6,672,090 in 1947 and -$6,526,728 4n 1946.
reserves, of
tAfter deducting. $1,200,000 hi 1947 and $1,750,000 in 1946 U. S;;
§$986,275 restricted at Feb. 1, 1947, as to
payment of cash dividends.—V. 164, p. 2286.
»
.
Dr305,320
Dr73,197
400~386
divs, to public—
applic. to mi¬
$14,911,028 $13,399,093
—i.——
:
reserve
reserves
franchise
fPfd.
Total
"♦After
$6,708,244 $21,190*785 $18,011,922
$6,640,256
Balance
.
.Total
7,812,797
6,476,972
2,032,373
1,723,673
__—__!!_
'•
in the United States.
The
cars
fell
Motors Corp.—May Output Off Sharply—
of passenger
and Canada
units turned out, com¬
corporatioh on June 10 announced that production
trucks by General Motors in the United States
and
sharply
in
May
with
a
total
of
135,276
pared with 175,262 units for April.
Principal reason for the lower output
models
in the Chevrolet Motor Division
-
was
a
-
changeover in truck
coupled with a shortage of
sheet
steel
for
passenger
car
production which at times became
so
critical in May that a number of Fisher Body units were forced
to close ' doti-n for short periods.
For
the first five months of this year, GM has produced 766,320'
cars
and trucks in the U, S. and Canada, compared with 1,243,124
[Volume "165 / Number
"for. the
period
same
of
truck production;'
Of the total vehicles
and
10,615
1941,
>
GM's
'•
'V
••
THE COMMERCIAL & FINANCIAL CHRONICLE
4603
prewar
'•>;*•••
•
.
last
'
produced in May,
of
car
and
passenger
cars
year
working capital available to the corporation of $157,816.
i'hereasbi3'by
was
*.
'•
124.661
were
PRODUCTION
Period End. May 31—
'Chevrolet—Passenger
Truck
.
30,366
282,633
2,827
-28,453
122,347
10,277
90,217
7,804
78.242
14,695
20,624
10,840
102,877
4,609
2,768
23,287
5,193
L
Selling,
J.
$251,154
development
trative
engineering
and
_
136
325
[
367
•
1,760-
.
4,209
2,128
24,191
5,129
'int.
1,280
Canada—Pas'g'r
Truck
•* Total
1,569
11,166
2,442
Refund
135,276
NOTE—May,
1047,
figures
earned
95,666
preliminary
are
fees received,
etc.
subject
phange.
to
Royalties other "tha'n
expense,
fnc.
of
taxes
diie
on shies, 'etc.
Carrybacks (net)—
to
25,902
35,026
Cr90,236
' tBased
M,*Loss.
Changes in Personnel—
400,000
on
Cr40,349
now
Bank
tract
and
has
General
Counsel,
retired
and
it
Vice-President
as
John
Thomas
announced
was
Smith
t»f
charge
Both
2.
of
these
,
%as "elected
Vice»-Presideh't " in ' charge''of the engineering staff to
McCuen,.
,.;"• ,•
\<
4 ; Henry M.
Hogan, Vice-President and Assistant General Counsel, Was
tleCted General Cdunsel to succeed Mr.
Smith.
'
1
Mr.
.
....
l it
was
director
announced
of.the
Committee.
..be
that
corporation
Mr.
would
Smith
and
as
will
VV
.,
continue
member
a
likewise
Kettering
consultant.'
a
Mr.
of
the
remain
Financial
director
a
,
to; Serve' as
.
..(aftrer * reserves
velopments,
'
outstanding.
of
*
-
•
The
1947
or
electric
output
amounted
11.2%,
to
the
over
1946.—V.
$1,381,082.—V.
165,
;
'
2726.
p.
*
1947—
before
Period
Ended
March
31—
$10,543,917
Maintenance
[
and
General
amortization
commer.
taxes
etc.
opet.
1,223,032
'
•
.
Net
1,055,469
in
banks
Accounts
Income-.
633,039
BALANCE
-
SHEET
707,650
z.
ITEMS
••
831,080
receivables
(net)
2,908,353
current
liabilities__—______—1,559,499
—V.
165,
3,082,703
.;
Divs.
$5,342,296
45,891
184,875
The
for
company
_; Incohie
balance
of
"-.
'Earnings
At end
'
v
2,257,401
filed
letter
a
at
25
$819,394
cehts
with
$819,394
11,$43
$869,612
984,'.46
721,704
be
used
for
mine
$1.20
—V.
exploration
984,146
,$1.01
$2.93
ip
$0.83
Federal .income
reduction
a
2545.
of
taxes
165, pL 2546>
resulting
devel¬
165V P.
"
-
Corporate
*
,
and
Railway oper. revenue.
Railway opferating exps.
197,496
Period End. May 31—
SaleSi—
—V.
Receivers^-Combined
"
'
:
$789 502
737,966
1947—Month—1946
iJi
165,
Net rev.
from ry.
$5,287,457
709,288
$1,738
ops.
$57,300
$80,214
*$531
Period End. May 31—
Salfes—
In
Accruals—
Regular
Fed.
RR.
Insur.
Ry.
,
Act
of
operating
facil.
Net
1938-
the
$3,166,970 $19,392,339 $15,085,108
—
1947—Month—1946
$7,538,760
—
May,
1947,
the
corresponding
*$15,107
*$12,863
12,314
*$4,857
44,919
2,038
1,935
8,318
*$26,398
*$27,112
*$58,094
2,248
*$22,665
1,207
6,383
4,906
income
;
*$24,150
46,497
*$25,905
*$51,711
New
890
216
*$26,121
*$52,601
Days End. May 31
*
1947
revenues
$5i;062
3051.
*$18,549
,,
depreciatibn.L
y.
475,000
income
profits
•r
J
Gross
-Int?
Lr-_V
&
.L •' k
income
on.
exc.
•;
,
'
•
of
777,256
stock.—V.
common
165,
p.
•1945)
Harding Carpets,
:
1947—Month—1946
.
1947—12 Mos.—1946
$4,512,737
23,000
304,000
260,000
4,000
&
profs.
exc.
4,000
110,000
*
•'
•
48,000
282,394
4;I'58,405
'
Stock_z
r-i
$731,528
' 223,005
of
prem /
•
Dr205
,i.
1,417
Df207
1,390
$123,860
,
$95,638
'
jziif
pfd.'stock.L. ;;
on
$1,819,992
172,102
on
deductions
income.,
14,302
,
.
Dr2,ill.
-
,
223,005
$6,347 317
$4,102,437
$3,671,253
2,676,064
$503,382
$508,523
165, p. 2670.
(less
fiepletioh &
18,500
_9,85ii
9,853
&
equip.,
for
reseives
amortization)
de¬
3,810,323
6,907
2,002,149
30,665
10,369
$4,705,485
$543,894
295,814
$240,612
108,427
______
unexpired
74,©19
charges
for
in
payable
-
ten
18,781
173,318
'
■
&
•
'v
,
_av
logging
697,000
"1,012,000
2,730,874
2,129,165
931,219
931,219
752,891
66,546
..
$7,194,345
accounts
S.
U.
236,474y2
of
$70,093
Treasury
shares
(in
year
1946
the
5;513
66,156
the
company
$90,125
$1,140,'186
1946
of
and
and
$270,000
211,474
$69,013
in 1946.
shares
(ih.
treasury.
sold
25,000.5
share
per
to
additional
$607,512,
or
$5,803
credited
was
haVe
declared
a
semi-annual
dividend
(No.
23)
of
record
increase
dividends
ih
results
for
the
is
justified
company
because
reported
the
of
in the
continuation
last
annual
of
direc¬
report.
S.
Dicksoh. President,
the
to
on May 28 said in part:
inception of dividends on common stock it
semi-annual
pay
present
dividehds.
semi-annual
The
payment, to
directors
declare
completed
its
first
half
year
of
operations
has been
have
and Ray
30,
next.'
and
with
thfe
decided
dividends
the
no
company
bank
loans.
$388,500 4% serial debentures of The Guelph Carpet & Worsted
Spinning Mills Ltd., a subsidiary, have been called for redemption o»
July 2, 1947 at 103, and a new issue of $388,000 3V4% serial deben*
tures of similar maturities has been sold at 103.335, resulting in a
■saving Of Interest during the life of the debentures of some $20,000."
Payment of the 4% debentures will be made at the Bank of M6htrefel, in Guelph, Montreal. Toronto or Winnipeg. Canada.—V. 158,
.The
•
66,156
<
in
notes
1946)
$4,705,485
.
share on
June
per
of
better
has
21,484
$1,628,901
$118,347
_id-_
44,197.
405,840
'
an-
.quarterly commencing with the quarter ending Sept.
"The company's financial position continues sound
Rr2,495
$1,206,342
5,-513
T
52,262
784,551
doubtful
deducting
by
p.
$1,562,745
1347.
•
Haverhill Gas Light Co.—Earnings-
Hall (C
The
M.) Lamp Co,, Detroit, Mich —Files with SEC
company
on
June
4,433'shares''($5
$10.25
at
behalf
c
share
a
of Alice
H.
4
filed
par)
through
letter
a
common
local
to
of
be
brokers.
notification
sold
at
Shares
with
market
are
estimated
being
Hartz, Grosse Pointe Shores, Mich.—V. 157,
sold
p.
oh
2040.
revenues—_
$73,7*15
Operation
SEC
the
1947—Month—1946
Period End. Apr. 30—
Operating
—.
49,083
Maintenance
.Taxes
*
——
Net
Hamilton Gas Corp. (& Sub.)
Pefiod End. Mar. 31—
-Earnings—
1947—3 Mos.—1946
$844,640
$741,901
41,$95
576,420
473,864
5,012
3,622
56,390
35,931
9,085
114,622
117,288
$114,818
,
revonues„L
$8,534
$8,844
$97,209
income-net—
3,230
1,822
27,906
13,583
-•
$11,765
$10,666
$125,115
accruals
2,917
2,917
35,000
$128,401
35,000
48
1 277
559
$7,701
$89,838
$92,842
78,624
73,710
oper.
Non-oper.
1947—12 Mos—1946
$62,946
11,085
______—
*•
Balance
-V.
;
machinery
patents
premiums
directors
-practice
"
—V.'-165, p."2002.
202,262
$6,778,501
2,676,064
30,081
.
Balance
for
$726,387
50,000
Contractor..
capital stock receiving therefor $24.30
after this
246,897
$1,393,098
170,446
$111,124
14,164
debt
u.2—
Divids.;
Drll'6,608
-
&
tAfter
"Since
-
'
Drll6,607
2,071
.
credit
of which 5,476.7 shares were held in
John
48,000
;
Dr9,717
.
profs,
.
cents
tors'
.
$1,021,784 $10,281,002 $10,033,704
297,902 " 3,560,704
-3 600 733'
?.
29,681
arising
years
exc.
Harding Carpets, Ltd., Brantford, Canada — Declares
Larger Dividend—Subsidiary Refunds 4% Bonds—
the
82,757
$139,237
long-term
iAinortiz.
5,$30,835
296,056Jc.-'
on
prior
less expenses of issue amounting
capital stock account.—V. 165, p. 938.
'this
1,855,453
373,218
.
taxes
on.
Other
!
of
of., unused
purchase
holders
30,000
c..debt
r
553,882
the capital stock, payable July 2. ' 1947, ttt
13, 1947.
This represents a total dividend
payment of 50 cents per share to date during the fiscal year 1947
as against 30
cents paid during 1946. In the opinion of the directors
-Earnings—
$4,792,544
1,909,506
r*,Net
-m—.-i -ivt
432,28©
969,984
$7,194,345
shares of
Ltd.' below.—
147,206
2,284,406
,
10,451
739,011
'which amount
"
$1,013,786
income
taxes
NOTE—During the
■to
$368,087
3,707,277
-i *
■
1945
1
$1,297,331
290,000
payable'
1945.
•
2926.
153,273
-i 1,986,000
■}
1946
market, .whichever lower
and logs
buildings,
roads
JRepresented
•
Gross, income
,
profits
31
$1,513,986
investments.!..;
*After reserve
In
$436,518
/
pfd.
*'■
on
expenses_-i_c
Int.
.
'
on
in
764,723
4!931'000
T|,f11 ********* HMOisiaaa ma.xzO.n..
T -9
,
Dlvids,
of
revenue
General
[4,156,282 '
v,
-,5-debt
.'vrPr9,7l7
.Gther deductions—1,060
Net
-
Period End. Apr. 30—
[4,246,742
744,554
__-rLL_
prem.
shares
Bonds—See
<:;•? adjustments
5,314,000
v "a 165,500
~
•
}•
long-term ;debti.'
Atnortiz.
212
for depreciation,,
Amortiz. of plant acqui.
$965,615
"
taX_________J
?
426,750
45,500
taxes
Federal
4%
FedL inc.
acqui.
»'. adjustftients
•General
three
Prov.
1947—Month—1946
1947—12 Mos —1946^
$4,726,972- $4,355,897 $54,551,242
$51,002,988
2,448,132
1,964,607 (28,567,215
24115,766
expensesj__lc
of plant
into
•Operating
Co.—Earnings—
revenue
'Amortiz.
Exchange
'
Period End. Apr. 30—
prov. for
$1,012,367
<
•
.
secured
The
'•'
.
Gross
against
as
30
—Jan. 1 to May 31—
1947
1946
1946
$70,125
Georgia Power
Operating
Stock
Gulf Power Co.Gross
165, p.
York
V. 158, p. 1347
:
10
income
excess
3052.
p.
Guelph Carpet. & Worsted Spinning Mills, Ltd.—Re¬
funds
•Deflcit.-
—V.
stores,
165,
790
236
*$24,386
v
.
DEC.
or
contract,
nual installments
,
changed
*$17,759
income...
•'Operating
209
year.—V.
8,022
Surplus applic. to int.
,
1947—4 Mos.—1946
June 6 directed that Exchange
.contracts in the company's common,stock shall be ex—the distribution
on June
13, 1947, of two additional shares to holders of each share.
The amendment to the certificate .of .incorporation was filed on
June 5, 1947, pursuant to which each share of common stock will be
$31,854
9,253
refundable
Notes
by mort. on timber
:
facilities at National, Wash
,'lCapital stock (without par value)
Capital ( surplus -_
:
"Earned surplus since Sept. 7, 1944
$6,884,376 $26,799,777 $26,879,862
operated
company
month last
„
Dr)__
oper.
from
The
12,399
income
income
Deducs.
12,771
,
SHEET
hand
on
veneei-
and
timber,
Note,
Greyhound Corp.—Ruling on Stock Distribution—
3,212
between
allocation of accelerated
to which applicable.
estimated
BALANCE
Total
14,465
3,641
Non-operating income
Gross
24,475
(netUr)
(net
rents
ry.
3,747
previously
years
of pro¬
years
payrolls, bonuses & taxes withheld____
Accrued .property & general taxes-____:
tReserve for federal inc. taxes & reneg.__L___
21,496
Unemploy.
Equip, rents
Jt.
24,912
6,976
Federal RR.:
Taxing Act 1937
r
5,374
to
dat©
that
on
the
on
•Accrued
1947—5 Mos.—1946
'
6,228
for
1944,
7,
10,000
-Timber
-
,
and
inc.
to
estate
-ACco'uhts
2546.
p.
~
Railway Tax
(3)
the
Total
'V
$795,266
and
31,
restated
been
Sept.
dividends
adjustment
1945
have
at
recapitalization
facilities to
in
1945
.
(H. L.) Green Co., Inc.—May Sales Increased 9.5%—
1947—4 Mos.—1946
184,855
year
surplus
$66,540
Dec.
at
arising from carry-back of Unused
jMiscellaneous' deferred
'
;
(2)
surplus
earjned
LIABILITIES—
-
1947—Month—1946
$199,234
$184,324
the
earned
154,499
$752,891
and
income
on
$50,000
*
'
(Including Statesboro Northern Ry.)
Period End. Apr. 30—
stock,
taxes
Treasury
refund,
Insurance
1947—5 Mos—1946
of
a.
banks
truck
i
$221,045
!
profit for
emergency
years
States
•Land,
.
2546.
13,829
$981,689
228,798
;
in
.Real
Salesj_____j;-fc___:______k_$19,502,972 $16,523,141 $77(234,541 $75,371,102
—V.
$207,216
66,546
Deposit
164,
Georgia & Florida RR.-^-Earnings—
J
prior
Advances
31.1%—/
.
'■•^Period Erfd. May 31—1947—Month—1946
the
ASSETS—
\MW. T.) Grant Co.—May Sales Increased 18.03%—
from
refinancing costs.—V.
.
/
of
-Inventories,; at cost:
Advances'on timber
1947—5 Wks.—1946
1947—13 Wks.—1946
$8,918,884
$6,801,154 $23,241,431 $17,494,502
_-U
•
$915,143
Post-war refund of excess profits tax__
■"Accounts and notes receivable
;
SEC
Grayson-Robinson Stores, Inc.—May Sales Up—
i
federal
deducting
of
Esti.
■
-
114,500
year
surplus
transfer
preferred
for
United
Without
and
capital
and
the
preciation,
$3.00
865,062
share——
•
13,565
630,000
i
CONSOLIDATED
963,676
$0.83
per
will
(1)
credit.
684.
p.
Period End. May 31—
Sales
f
$2,888,077
984,146
Earnings
165,
the
share
a
of
1945,
2,624,048
Grand Union Co.—Cuirent Sales Increased
$2,900,020
shhare_—_______
per
,
p.
$353,354
83,742
period—_
of
Proceeds
opment.—V.
35,107
501
surplus in connection with the
eliminated
accumulated
unpaid
tAfter
■taxes
45,597
of notification
be offered
to
$'370,380
32,470
income taxes.
at begining of
from, carry-back
—
^Equivalent to reduction
.refunding bonds applied as
.
$5,157,421
558,481
outstanding—
;v Average for period
*
$1,511,825
587,357
_iiii.i_.iL
stock
com.
Underwriting.
$1,406,751
'!
—
and
visions
914,192
3,223,122
2
50,388
paid
outstanding
l.
June
Fed.
year_l__
the
amortization
•
on
estimated
balances
which
1,076,367
103,237
—_—
480,000 shares of stock
$320,000
104,814
surplus at end of year
reflect
Cash
$1,557,726
—«**
-
$1,473,299
—
capital
Golconda Mines, Inc., Denver, Colo.—Files with SEC—
65,815
pfd. stk. of Gen. Tel. Corp.
on
Shares
1944,
1,990,559
1,523,204
.•
2926.
p.
1
-
$1,575,113
surplus
^The
826,413
:—■_;
;
surplus
[
200,632
748,602
■■
irtnr -rr. in.
L
Earned
$161,851
675,207
Working capital ——„iL_
Earned
ihf
disposal of capital assets
on
Dividends
June 30,'46
$962,615
1,105,431
L
.
151,444
261,720
984;694
expenses.
L_
Total
to
assets_____
__i__
$7,537,340
6,056,062
254,337
__w
admihtstrative
L__._-_-_.__ii
Profit for
:
"1945
$1'0,4)74,824
7,100,774
_L
ihCome
■interest
Loss, net,
■
Mar. 31,'47
-handii-_.L_i.____
on
'
Balance
$1.03
Total
$1,472,566
—
income
of
this
of
CALENDAR YEARS
depreciation & amortization..
general -&
Earned
969,696
and
INCOME ACCOUNT FOR
'
$790,949
current
Reserves
"2,933,112
—
earnings
Net
construction
Details
9 Months
$0.45
Total
4,633,023
768,988
Interest and other deductions-^—
»
the
527,000
~
c
for
,
49,281
(net)
financing-
funds
(net)
Selling,
1,317,94$
_
•
Inventories '
16,364,866
Federal normal income and surtaxes
operating
provide
to
of
PlovfSioh foir
'
-
12 Mos. '47
3,036,009
____.
Miscellaneous deductions
and
loan
tRroVision for
231,000
Earnings pe'r sharei___l____
1
Net
purchase of the Peterman con¬
Ry. Co. involving the acquisition ot
The company plans additional
goods sold
Provision -for depletion
>
$347,326
<
4,323,859
exps.
.•Charge
'
by-
with
Pacific
(under-
578,326
:.
Net,income
$8,558,885 $39,702,471
1,445,562
7,471,540
2,053,822
Depreciation
Traffic,
Cost
•
Subs.)—Earnings—
1947—3 Mos—1946
revenues
Sales,,
$9,996,496
,
.
'
re¬
Gther
"
3 Months
taxes^-v--—---—
Provision for Federal taxes
Cash
General Telephone Corp. (&
Operating
supported
years.
for
$2,000,000
1946
(after
$3,762,713
3051.
p.
163,
(net)
Profit
'
*
corporation for the week ended June 6,
123,527,911 kwh., an increase of 12,439,651 kwh.',
corresponding week of
receivable
Gerity-Michigan Die Casting Co.—Earnings-
Sales
Gen¬
this
of
accounts
•
General Public Utilities
Corp.—Weekly Output—
-
two
the
facilities
1946
,
Will
the
*
*
•
etc.,
'$557,436; .total,
2798.
p.
'
installments,
made
tvas
its
Tathird
the
of
timber.
area
CONSOLIDATED
and
31,
depreciation, of $91,025), $320,634; patents, de¬
$2; deferred charges (prepaid insurance, etc.) $13,-
Period .Ended March 31,
stockholders oh May 27 approved' the modification
eral Motors Bonus Plan as
submitted to them.—V. 165,
notes
DEC.
charges
..(.unearned), $23,266;, reserve for contingencies, $11,863; eommon stock
(par $1 per share), $400,000; capital "Surplus, $204,543; earned surplus,
Bonus Plan Approved—
The
\
Washington,
end
requii-ed under this contract.
proposed financing will be publicly announced later.
for
tbtafJ'riJ$l',38i,082.;
167;
'
.
$113©74;
SHEET
•'■j LIABILITIES— Accounts payable,' $171,650; taxes on income
provision>for prior years),
$12,325;
deferred
income
and
Policy,
and
.
a
ASSETS—Cash,
■
.
.
lean
finance
Northerh
this
repay
conversion
serve .of
$5,300),. $212,790; inventories (at lower of cost Or market!,
$696,526; "claims\against U. S. Government for renegotiation rebates
and
income
tax.r: refunds, $113,744;
miscellaneous
accounts
and
in.Ves'tmehts.ACitesPreserves), $11,556;
property,
plant
and
equipment
.
.
-
BALANCE
.
Vice-President
as
June
on
in
^executives reached the normal retirement age.
w Charles
L. (McCuen,
Vice-President in charge of the engineering
•'Staff, will become.:,General' Manager' of the 'Research Laboratories
'Division, succeeding Mr. Kettering.
i
"James M.
Crawford,'Who has been General Assistant to Mr. McCuen;''
Succeed
the
to
the ensuing
over
bank
of
the
at
reduced
company
Bank
1947,
payable in
is
cut,
a
the
National
15,
*
\
.
Kettering
laboratories
With
which
1947,
America
agreement
the
Marth
timber
to
$0.15
'
Charles P.
the research
of
loan
with
on
5,
Rivea-
$59,358
$0.04
its
loan
on
March
the Lewis
$15,578
shares
On
the
with
balance
sinking fund
$54,035
a
being $667,000,
year,
1
year
1945.
bank
the
corna,
61,741
*$48,756
in
accordance
commercial
$7,706
-
I————————______
",l - Net profit
tfEarnings per cOfnmon" shafel.
173,555
766,320
and
royalities and
Total inc'ome
the
charges, including
in
419,729
•
$118,616
69,860
—r___
4,036
29,599
.
loss
for
1946 amounted to $10,137,959
compared
The company earned $915,143
in 1946 after
provision for Federal income taxes of
$630,000,
This compares
with the net profit for the year
1945 of $207,211
after deducting Federal income taxes of
$114,500.
$412,023
369,770
_____
sales
$7,537,340
all
adminis-
expenses
Operating
1
Discis.,
6,077
431
__
Coaches
-
TOtal
to
16,290
*
of
$3,516,778
3,104,755
1,593,253
,.
'
Cadillac
CMC Truck & Coach—
GM
1945
$1,844,407
income.—
sold-'
goods
Gross, profit
57,690
18,751
15,C2o
;
Trucks
operating
Of
Cost
48,962
.
_____
Buick
-
Gross
1947—5 Mos. —1946
18,384
*
_
Pontiac
.
1946
DIVISIONS
M.
61,810
■'Oldsmobile i'
i
G.
BY
1947—Month—1946
.
ditional
YEARS"
CALENDAR
'
'
-
%
Harbor Plywood Corp.—Annual Report—Reveals Ad¬
Financing Planned—E. W. Daniels, President, on
April 9 said in part:
"
\~
$125,451.
INCOME ACCOUNT FOR
trucks.
were
(3167)
Capital stirplus
'
1947—12 MoS—1946
*
Gerotor May Corp.,
Net
shares
for
profit for 1946
of
the
common
year
of
was
stock
1945
Baltimore, Md.—Annual Report-
$15,578
or
3.9 cents per share
outstanding.
of
$59,358
or
This
14:8
compares
cents" per
on
with
share
net
profit
based
on
400,000 shares (the annual report for 1945 showed
16.2 cents per share
based upon the 365,635 shares of
common
stock outstanding
as
of
31, 1945).
May,
1946,
the
Frederick S. Robinson
unissued
corporation
sold
to
the
underwriting firm
& Co., Inc., New York
-City, its authorized
34,365 shares
^of common stock at a net price of $4,625
.
share
to
the
corporation.
This
sale
resulted
in
a
net
$160,226
revenues-
Non-operating
$162,164
$613,559
$650,098
2 446
2,542
10,303
11,059
$162,672
income-^
$164,706
$623,863
increase
Oper.
revenues
exps.
&
113,393
taxes.—:
&
income
other
deductions
.
_—_
reserve
118,146
494,447
515,874
$49,278
$46,560
$129,415
$145,284
<11,906
12,244
48,354
$34,315
$81,061
$96,286
—.—
48,997
$37,371
charges
Net
income
Dividends
Gross
Int.
—V.
—
$8,848
declared
165, p. 3052.
Hays Corp. (Ind.)—Preferred Stock Offered—City Se¬
but
of
Retire,
Interest
Total
of
per
Balance
$661,158
the 400,000
a
Dec.
In
Operating
Net
-V.
income
164, p. 3052.
curities
Corp., Indianapolis,
on
May 14 offered $250,000
5% cumulative preferred stock at par ($100), with com-
8
ASSETS—
Cash
Inventories
part on
any
Total
result
a
capitalization
CAPITALIZATION—The
corporation
the
of
is
94,693
68,241
Realty & Terminal Co. for rent
on 5%
sinking fund inc. debs.
accrued
income
tax
Federal
income
tax
Sundry
taxes
current
for
for prior
accrued
year_
99,756
103,689
215,482
178,957
53,360
.—
years
collected
or
Unemployment insurance taxes
Sundry accrued expenses
Deposits and credit balances
119,893
145,480
25,267
251,365
.101,237
Total
364,297
412,297
Federal
retirement
debenture
5%
sinking
Net
31,541
tax
withheld
interest
7,980,500
9,032,000
Drl87,707 Drl,359,898
178,673
Br993,518
capital
fund
income debentures 1954's
Total deficit after surp. from retirement of debs.
$241,622
prop.
$893,250
980
893
$241,387
$230,702
$985,365
$892,357
19l;360
155,507
763,999
600,047
50
"
of
50
35,265
200
111,411
200
139,250
$39,880
$109,755
26,683
52,158
28,089
Operating taxes
165,
$18,888
income
oper.
after
,
.
...
oper.
___;
Net
;
$986,345
231
_.
lease
—V.
1947—4 Mos.—1946
..
..
$230,933
)235
revenues
expenses
for
Net
$579,164
85,240
112,900
135,534
221,680
121,672
41,349
$718,548
payable
Interest
as
Oper.
Oper,
Rent
Corp.—Earnings—
1947—Month—1946
revenues
Uncollect, oper. rev.
$10,258,418 $10,126,188
Federal
of
Period End. Apr. 30—
Oper.
587,276
297,575
charges
Due N. Y. State
the increased demand for its products,
the management has decided to increase its productive capacity by
building an addition to the present facilities and installing additional
machinery and equipment at an estimated cost of $66,200.
The pro¬
ceeds. of the sale of this preferred stock will be used to pay for the
fcboyq-mentioned improvements,
liquidated existing bank loans, and
furnish additional working capital.
PURPOSE—As
6,989,948
10,300
423,977
10,300
deferred
Accounts
the
in
leasehold.
of
LIABILITIES—
AND
names
J
;
value
Total
BUSINESS—"Hays" is one of the oldest and bestcombustion instrument field.
The corporation
Was. incorporated March
16, 1318 in Indiana.
Corporation succeeded
Combustion Appliances Co and several earlier Chicago companies.
Aa, of April 1, 1947, the corporation had a backlog of orders on
toantf of approximately $950,000.
HISTORY
known
book
Investments
dividend paying date upon 30 days' prior
WTttiien notice at 105 on or before Feb. 1. 1952, at 103 on or before
Feb, 1, 1957, at 102 on or before Feb. 1, 1962, and at 101 thereafter
ppiQt to maturity, plus accrued dividends to date of redemption.
in
or
savings notes—
—
Prepayments
Net
____
1946
$692,192
310,000
1,017,802
6,779,427
banks..—______
receivable—net
Accounts
Ma# 1, 1947.
Dividends payable quartely, Feb., May, August, and
Nfl.veffiber, with the first dividend payment due Aug. 1, 1947.
City
Securities Corp. is registrar, transfer agent and fiscal agent. Callable
whole
Indiana Associated Telephone
1947
$869,960
150,000
1,137,824
913,484
99,846
«
-
in
hand and
on
United States Treasury
stock is dated May 1, 1947 and matures May 1, 1967.
cumulative dividends at the rate of 5% per annum from
Ttte preferred
to
Monday, June 16, 1947.
COMPARATIVE BALANCE SHEET, MARCH 31
stock purchase warrants. The offering was made
only to residents of the State of Indiana.
mo®
SOitMiJed
FINANCIAL CHRONICLE
THE COMMERCIAL &
(3168)
charges
4,179
:
$152,854
101,979
2671.
p.
Indiana Habor Belt RR.—Earnings—
Period End. Apr. 30—
1947—4 Mos—1946
$6,934,512
$5,420,473
5,896,579
5,293,278
1947—Month—1946
Ry.
operating
income__
$1,709,187
$1,262,13 6
Ry.
operating
expenses
1,409,578
1,226,250
from
Net rev.
Ry.
tax
Net
ry.
♦$52,803
ops.
$299,609
$35,866
86,783
$1,037,933
112,885
rents
199,002
205,296
687,675
367,066
704,710
deficit-
$12,278
4,579
$256,213
3,261
$92,007
23,976
$1,124,579
11,204
$7,699
$252,952
$1,113,375
13,633
ry.
accruals
Equip. & jt( facil.
Other
1
oper.
income
442,265
follows:
Authorized
preferred
Cumulative
stock
Common
-
.
Outstanding
2,500 shs.
-150,000 shs.
(par $100)
stock
$5)
(par
2,500 shs.
75,000 shs.
holder
of each
warrant dated May 1, 1947,
The warrants will be issued
to t(he original purchasers of preferred stock on the basis that the
buy.o* of one share of preferred stock shall be entitled to purchase
ten shares of common stock of the corporation during the period and
prices as follows: From May 1. 1947, to but not including May 1,
194&, at $8.00 per common share; from May 1, 1948, to but not includ¬
ing May 1, 1949, at $9.00 per common share; from May l, 1949, to
bui> not including May l,
1950, at $10.00 per common share; from
May 1, 1950, to but not including May 1, 1951, at $11.00 per common
Shaw from May 1, 1951, to but not including May 1, 1952, at $12.00
ger common share.
The warrant shall be void after April 30, 1952.
STOCK
COMMON
FOR
STATEMENT
INCOME
COMPARATIVE
CALENDAR
Household Finance Corp.
Gross
income
Net
Gross
Profit Before
Federal
Net
Profit
Taxes
Taxes
$8,311
$1,369
/
operations
Net
income
from
Other
income
charges
1946
1947
$7,848,695
3,578,017
operations
:
$2,436,837
1,103,467
1,837,576
(net)
Net
Bal.
$2,433,102
at the
beginning of the period
10,768,178
Total
—
1
$14,192,261 $12,101,548
stock
Contributions
to
93,752
dividends
cash
93,750
1,001,183
.
employees' savings-retirement
benefits
$6,942
$568,813
$273,315
1938
452,883
213,239
6,442
875
562,967
267,790
15,545
2,297
13,247
743,781
377,666
51,159
19,489
31,669
1941—
952,001
488,7.92
56,959
39,388
17,571
75,268
139,919
Balance
surplus at the end of period
common share
Earnings
♦Including provision for losses
$8,043;
1946,
$45,157.
19,133
97,487
42,431
71,002
22,644
Cash
56,111
25,136
30,975
United States Government
88,650
21,490
67,159
Instalment
1,217,510
1.432,219
552,219
1,212,800
93,647
1943v—
J.,166,470
579,041
543,795
1940—
1,534,350
667,959
675,804
.
instalment notes receivable,
on
BALANCE SHEET,
CONSOLIDATED
Holly Stores, Inc.—May Sales 53% Higher—
,
V.
165,
1947
1946
Deferred
May 29 filed a letter of notification with the SEC
fon 11,000 shares ($10 par) common and $50,000 ($10 par) 6% cumu¬
lative preferred.
Price
$10 per
share each.
Underwriter for the
preferred will be Hannaford & Talbot.
There are no underwriters
W»e
wmiking
will
Proceeds
used
be
to
business
purchase
and
for
capital.
Hooker Electrochemical
special
thriit
1,845,710
353,801
Prov.
573,745
340,089
Co.
Plans Common Stock
—
has
'
Fed.
Dividends
payable
Miscellaneous
Long-term
profits taxes
excess
—
Canadian
for
other
.
,
492,541
fluctuations
exchange
company
Iifc its annual report issued in January the company stated that
commitment already had been made for over $5,000,000 for a substan¬
tial program of capital expenditure.
The new program is in addition
Niagara
a«.
Falls
result
a
Buildings
duction
other
1
stock
the company
chlorine and caustic
Net
__
A
portion
the
of
funds
at
soda
ready authorized has been secured from current and accumulated
ings, and from
of
current
fiscal
have
year
period in the preceding
In
letter
bolder
of
of
$T0
of
$8
for
first five months of the
higher than for the same
substantially
been
authorized
number
to
value.
Will
have
new
cumulative
cumulative
shares
of
deem the
be
the
capital
stock
(which
shares
conditions,
sale
the
new
new
presently
to
public
it
Household
of
outstanding $4.25
also
has
the
of
from
the
financing
will
company
of
cumulative
would
be
preferred
plan
a
the
through
offer
100,000 to 120,000
portion of the pro¬
to
used
stock
be
to
used
re¬
stock.
offer,
outstanding
common
to
He
June
on
filed
9
common
of
$5
be
of
163,
Co.—Subscriptions to Stk.
(CST) May 19.
Of
the
259,002
shares
registered
with the SEC for
offering to
stockholders
192,639 shares were subscribed for and 66,163
shares
have been removed from registration.
On April
16, 1947, the company's charter was amended so as to
convert
the
then
authorized 600,000
shares of common stock into
$37.50
1,200,000
a
share.
per
shares
and
ness
for
an
share
also
fpr
line
a
cf
in
the
use
approximately
100
manufacturing
of
diversified chemicals which are
lubricants, plastics, pulp
rayon,
paper,
natural
and
synthetic rubber,
soap
and
chemicals and dyestuffs.
Its products are also used for
insecticides,
P.
sanitation
of
water
and
other
similar
corporate
the
including
purposes,
:
mtge.
pfd.
-
•
—V.
the
*
•
.
ADJUSTED
(no
•
its
The
Total gross
and other operating income__
sales
operating
expenses
$4,542,292
3,491,083
$4,091,096
2,000,000 shs.
1,228,837 shs.
'
The
Income
available
Otheiv
for
taxes,
&c
taxes
$1,051,208
Guaranty
agent,
sinking
fund
indenture
Insurance
on
Trustee's &
building and contents.
transfer agent's fees
and exps., &c.
4,523
4,392
taxes
140,531
5,130
1,583
3,373
Trust
and
of
Co.
registrar
debentures,
dated
The
Jan.
Income before deduction of rent,
Interest
interest, &c.
current
of
record
1,
New
for
1947
York
has
been
appointed
trustee,
$1,000,000 principal amount of 2Vz%
due July 1, 1966, issued under
series,
1947.—V.
165,
p.
2926.
on
the
debentures
Total* amortization
Provision for Federal income
_.
tax
$886,311
430,935
$1,027,884
112,900
so
far
share
this
from
84,116
84,653
135,579
$152,778
declared
26.
A
a
dividend
earnings,
$221,090
p.
Nickel Co. of Canada, Ltd.—Earnings—■
March
Ended
1947
1946
$39,866,118 $28,924,881
31—
expenses-
——-
profit
income
*_——i_—.
——_
'
■:
income
Contingencies
S.
Warren,
-—:
1,736,003
604,063
1,943,353
713,549
750,000
—
before
Profit
$12,548,703
4,618,858
income
$8,111,084
2,523,029
$7,929,845
87,105,510
taxes
for taxes based | on
Provision
:
$15,955,605 $10,451,158
Depreciation and depletion:
Retirement system
—•—-—■
pro'fit
Net
Earned
—
period
of
beginning
surplus
surplus
similar
of
——
——
dividends
Common
Earned
Earned
:
dividends
Preferred
—
,
_—
end of period
share-
surplus
common
per
$5,588,055
distribution
was
82,683,127
$95,035,355 $88,271,182
483,475
483,475
5,831,267
5,831,267
$88,720,613 $81,956,440
$0.51
$0.33
.
CONSOLIDATED
25
BALANCE
SHEET
Mar 31, '47 Dec. 31, '46
ASSETS—
S
incl.
securities
Short-term
notes
tax
—
——~—v—-
—
retirem't system reserve
Securities held against
Miscellaneous securities
Account
;
:
—T
___—
(due 1947-1950):—.—._
receivable
to future
-I_r
operations—.
(net)—
-
accounts
25,231,362
44,200.480
27,325,506
15,496,360
45,601,216
12,406,226
634,653
13,333,200
42,560,339
26,613,635
15,912,601
44,658,827
13,286,112
635,237
13,333,200
-
and
—-
securities
receivable less reserves
Government
Accounts
bills
Treasury
$
27,502,442
Cash
Total
327,376
.
,
'
184,387
117,244,272 118,953,282
—
cents
per
share
out
to stockholders
made on April 30, last,
304,071,731 301,368,982
-
LIABILITIES—
Preferred dividend payable
7,579,387
483.475
income
system reserve
cents
6,766,751
10.033,876
12,416,385
payable
Accounts
and payrolls
May 1, 1947
insurance and other reserves
stock
stock (14,584,025 shrs., no par),
Contingent
Preferred
Common
Surplus
erties
60,606,500
87,105,510
2,896,441 : 2,892,217
88,720,613
adjustments
arising
transfer
from
in Finland
of nickel prop¬
20,000,000
—
20,000,000
304,071,731 301,368,982
Total
—V.
483,474
60,606.500
surplus
surplus
Exchange
1
9,730,477
13,297,439
12,940,458 12,092,018
27,627,325 ; 27,627,825
60,766,771 60.766,771
based on
165, p. 2546.
year.
capital gains).—V.
165,
p.
and
per
2671.
International Rys. of Central
Period End. Apr. 20—
Railway
C.
18,737,473
24,171.928
$15,694,190 $10,187,408
261,415
263,742
•;<
ft
•
<
-
payable July 31
Indemnity Insurance Co. of No. America—Promotion—
Service
L___
June
have
accumulated
1946, the following payments were made: April 30, July 31
31, 20 cents each; and Dec. 24, $1.50 (which included $1.25
Samuel
Net profit
and
473,662
118,726
and
Capital
which, together with the current declaration, makes a total of 50
In
99,756
.
directors
of
Oct.
Rent
165,
sales
Earned
$1,181,440
142,526
--
Months
Retirement
2,909,656
16,397
estate
to
Secretarv,
International
3
announced the promotion of Byne B. Waters,
the position of Executive Secretary, succeeding
2799.
also
company
Davis.—V.
Taxes
Appointed—
Incorporated Investors—Declares 25-Cent Dividend—
Real
company
Executive Secretary, to the new position of IBM special execu¬
with special duties to assist IBM corporate officers and official®
World Headquarters in New York.
!
Property
2926.
p.
paying
1946
the
Outstanding
Unlimited
$30,000,000
175,000 shs.
97,397 shs.
par)
(no
par)
Hudson Pulp & Paper Corp.—Trustee
1947
I
Argentina, Brazil, Peru, Chile and
the IBM World Trade Division.
announced the promotion of Arct*
business in
IBM
time
Charges
■
AS
series due 1974
cumulative
stock
165,
added to
165,
Hotel Waldorf-Astoria Corp.—Earnings—
Total
bonds, 27/s%
stock,
disinfectants,
US2.
3 Months Ended March 31—
stock
busi¬
to use for its general
construction
of additions to its
Authorized
1st
stock
proposes
company
CAPITALIZATION
Common
$1.45
2671.
previously Manager of
was
same
Inventories
which
system.
$4
common
proceeds from the sale of the common stock will be
capital,
miscellaneous
purposes.—V.
authorized
total
held
said date.
on
The net
working
P.
.
p.m.
to each holder of common
by him at the close of
Company issued
additional
at 3
expired
the
increase
to
2,000,000 shares.
certificate
warrants
These
The company operates manufacturing plants in) Niagara Falls, N. Y.,
Tacoma. Wash., at which it produces chlorine and caustic soda,
and
165,
3136.
p.
and
sold
with the SEC
sinking
Houston Lighting & Power
par
out an
enlarged program of capital expenditures contemplated for the balance
ofc 1&47 and 1948 and for general corporate purposes.
carry
$0.64
»•
N. Y.—Files with
letter of notification
a
$2,370,948
1,633,105
$1,046,958
1,633,105
Davis,
Other
Company issued to its common stockholders on April 28 warrants
giving each stockholder of record April 25 the right to subscribe for
'/4th of a share of common stock for each share of stock held at
to
also
4,899,315
of $7,995,857.—V.
income
administers
Total
$5
shares
net
on
Operating
fund 10-year serial debentures, series B.
Valley Investing Co., Inc., Utica, N. Y.
Proceeds
used to erect plant for bulk storage of propane, for installa¬
equipment on customers' premises and for other plant ex¬
tion
stock
outstdg.
Mohawk
pansion.—V.
to
planned
consideration
under
Clinton,
Inc.,
and
issued
$5,195,857
always
arrange
Service,
5%
stock
200,000
of
preferred stock.
A
new
preferred stock would
the
company
$50,000
Underwriter
stock
changes
approximately
•subject to market conditions, to holders of
stock between 150.000 to 175,000 shares of
and
not
2,800,000
surp.
to
SEC—
for
common
value, 50,000 shares of $4.25
to be retired) and 1,500,000
is
51,129,002
3,047,851
_______
'$1.63
transf.
inc.
stock
Total
common
common
cumulative
sale
Proceeds
of
consisting
par
are
market
Tbfl. management
v.alug,
to
to
proposed
stock
on
the
is
it
reasons
companies in exact alphabetical
order.
However, they are always as near alphabetical
position as possible.,
change the presently
385,000 to 770,000 shares
from
730,000
of
the
of
asked
shares
common
for
the
ceeds from
will
outstanding
stock.
common
of
shares
preferred stock of no
preferred
Depending
presently
two
additional
completion
authorized
uucteawriters
sbftces
of
an
Upon
an
of
receive
Stockholders
authorize
and.
par
mechanical
NOTE—For
possible
The
shares
will
profits tax_"
contingencies
for
res.
of
the
At
Cost
year.
335,085
value
value.
par
1946 of
earn¬
stockholders
to
the
par
1946.
the
accompanying the notice of the called
meeting, H. M. Hooker, Chairman, and E. R. Bartlett, President, advtaeqfc that upon approval of the proposed recapitalization plan each
a
income
excess
net
Cuba.
Net
for the
company
1945
1946
37,804,933
1,214,607
Joseph T. Wilson has been promoted to the position of Vice-President
International Business Machines Corp. of Delaware,
the affiliate
465,394
11,189,383
term bank loan.
a
earnings of the
1947
$70,272,728 $41,087,200 $60,081,919
International Business Machines Corp.—Promotions—
tive,
further
says,
acid and
expendtiures al¬
capital
for
(& Subs.)—Earnings—
revenues
Federal
Fed.
'Based
at
depreciation and amortization of $943,473 in 1947
tOutstanding 2,224,851 shares in 1947 and 2,no par value.—V. 165, p. 2278.
for
reserve
$840,155 in
monochloracetic
hexachlorocyclohexame,
DDT,
palatable, and the essential oils were more
intact.—V. 165, p. 1316.
earnings per share
21,675,180
1,487,978
13,097,326
-
...
167,518 shares in
Tacoma plants and a still broader diversification
company's development
and
research
activities.
been constructed and equipment installed for the pro¬
have
Sales and
♦After
and
the
products.
other
of
Bal.
995,480
162,544
10,000,000
$132,102,287 $82,385,177
and
of
of
involves,
of
more
kept
242,118
510,017
29,792
10,000,000
_
Total
output
and
but
1,417,000
1,875,000
22,248,510
interest in subsidiary
Preferred stock (par $100)
stock.
basic
cor¬
of
212,385
cumulative
the
the
grocer,
concluded
808,317
General
in
wholesale
western
large
a
359,375
Mr.
increases
finer
for
for
which
contingencies.
Minority
surplus
and
now
5,300,200
197,208
15,000,000
—
surplus
commitments
Roast
roaster,
retail stores,
grains without any
machine is slightly
taxes—
534,605
3,253,502
852,381
40,000,000
liabilities
current
Earned
earlier
Infra
The
and
54,703,532
1,913,764
>
614,870
3,923,318
1,094,935
debt
Capital
to, such
beans
soy
of
common
preferred
electronic roasters
grains in retail
sales, excl. deprec. & deplet.
Prov. for deprec. and depletion—_
Interest on bonds and serial notes
pursuant to
others,
and
Canadian inc..and
and
tCommon
for June 26,
called
been
with
just
and
sales
Cost
Shares
.
$38,603,000 $18,059,500
officers,
gurpose of approving a two-for-one split-up in the outstanding
stock, and authorization of a new issue of 200,000 shares of
t&e
stockholders
of
and
a
series of tests, Mr. Torres said, in
peanuts was cut from 22% for the current
method to 8.2% for the Infra Roast method; the roasting
reduced from about 55 minutes to less than 2 minutes; th®
Approp.
Net
Prov.
plan
for
meeting
mechanism.
register.
peanuts,
3 Months Ended March 31—
$132,102,287 $82,385,177
...
Reserves
iS^hbt Up and New Preferred Stock Issue—
A
its
beans
cash
shrinkage
was
74,323,192
—
Employees,
and
'
its
developed
117,795,878
receivable—net
Notes payable—banks
on
common/
roasting
has
was
fully
539,986
charges
Total
Home Book Publishers, San Francisco—Files with SEC
fojj
time
flavor
1,769,949
securities, at cost.
LIABILITIES—
Thb company
of
use
soy
$605,233
2546.
p.
cost
peanuts,
for
a
the
536,690
notes
of
for
plans
announces
Inland Steel Co.
furniture, equipment, and improvements
—at
$926,246
Month of May—
Sales
which
1946
$4,982,399
banks.
in
Sundry assets
♦Office
\
i
establishments.
collaboration
In
3,949,168
and
$1,294,473
2414.
p.
roasting
used
$7,476,857
1947
hand
$249,023
S. Torres, President, said that the electronic
manufactured for the quick roasting of coffee in
be
changes in
larger than
MARCH 31
ASSETS
on
1947:
167,465
$297,440
-
56,134
1943—
1943
1944—
$13,097,326 $11,189,383
$1.05
$0.57
—
per
166,973
August
roasting
5,567
193$l__
1940—
quick
wholesale
poration
59,784
plan for past service
165,
corporation
the
being
758,631
dividends
preferred stock cash
'$68,031
14,019
$53,976
deficit
The
in
can
3%%
4,034
40,454
_
Infra Roast, Inc., Boston—New Development—
$1,333,370
11,759,159
income
surp.
3,936
42,341
deducs—
charges
♦Deficit.—V.
$5,262,923
2,826,086
$4,270,678
.
fixed
Net
and
Profit
1937:
from
♦Operating expenses
Common
YEARS
Sales
(& Subs.)—Earnings—
3 Months Ended March 31-r.
deficit
Miscellaneous
165, P.. 938.
Total
WARRANTS—The
PURCHASE
8har* of preferred stock shall receive a
Which warrant shall be in bearer form.
Total
$10,258,418 $10,126,188
Total
—V.
Vice-President,
announces
that effective June
1
McGoun, Assistant Manager
of
the company's Detroit
Office,
took over
the duties
heretofore handled by
E. O.
Roberts,
H.
former Manager,
who recently resigned.—V.
163, p. 1567.
Net
oper.
revenue
revenues
from
ry.
—V.
income
165,
p.
1
•{((•;
348,125
326,605
Vti
2415.
1947—4 Mos.—1946
$4,750,346 < $3,878,474
>• '
1,935.349
1,448,596
1,445,912
1,073,233
1,305,383
924,431
.
435,736
operations
avail, for fxd. chgs.
Inc
Net
America—Earnings—
1947—Month—1946
$1,158,970
$963,780
255,693
291,626
218,810
,
.../
Volume
165
Interstate
Number 4603
Bakeries
THE COMMERCIAL 8c FINANCIAL
CHRONICLE
tion Effective—Initial Dividend
The
of
directors
business
Schulze
June
on
June
6
effective,
of
agreement
Bread
Corp.
The merger plan
by stockholders on May 13, 1947—85%
the common stock voting for the plan.
merger
The
also
the
on
sto:kholders
able
the
the
motor
declared
of
record
initial
an
dividend
$4.80
future
16,
stock,
1947.—V.
Interstate Department
Period End. May 31—
the
increase
five
be
available
July
2671.
165,
p.
1,
1947
of
36.2%
in
used
and
out
carry
for
any
one
cumul.
On
at
as
May
$25.55
165, p.
on'April
30,
1947,
and
pfd. stock
June
exact
V.
been
called
Payment
Co.
of
for
trust
will
Chicago,
redemption
3%
be
bonds,
made
trustee,
the
at
33
No.
July
on
dated
July
1,
1,
com¬
1938
1946.
1939
24,782,383
American
Salle
La
next,
•
12
Months
OF
and
expenses
1947
taxes
165,
12
Months
Ended
1946
♦Before
16
Income and
Other
excess
and
the
Net
operating
Other
;
of
Interest
623,857
488,000
$1,125,657
Net income
—V.
165,
I
for
earnings
the
on
75,000
shares
notified
dividend
will
be
(F. L.)
and
of
is
engaged
certain
carries
of
on
substantial
central
Net
profit before taxes-
Federal
Net
income
$302,106
taxes—
of
Co.,
the
importing,
of
are
the
as
names
each
Chicago
and
The
area.
manufacturing,
of
underwriters
and
the
number
been
Hemphill, Noyes &
Kuhn, Loeb & Co
share
per
Manufacturers
shares
called
and
Trust
of
Boston
4 Vi %
for
55
Corporation-
cumulative
on
Payment
Broad
St.,
3053.
p.
if
1947—Month—1946
t$27,526
profit
$56,306
11,526
*$354,000
and
vote
without
on
the
adjourned annual meeting to be held oil
creating an authorized issue of 100,000 shares of
stock, no par value.
the board of directors may be 11 in number
(new) preferred stockholders are entitled to elect two
that the (new) preferred stock
may be issued and sold
and
first
being offered to common and preferred stockholders for
purchase.—V. 165, P. 2672.
and
Lientz
for
(E. C.) & Co., Inc.—Files with SEC—
company
80,000
3
and
*$3,799,927
164,
*$734,927
of
Period End. Mar. 31
Operating
covering
shares
$210,-
The
165, p, 2672.
5,000
($5
First
$1,924,239
938,754
19,550
18,840
254,846
Gross
12,500
10,417
160,255
126,250
1
income-
$41,235
$36,246
$444,134
$416,465
(net)
Drl,685
518
7,251
1,940
$39,550
$36,764
$451,385
$418,404
9,434
8,649
98,253
103,309
$353,132
$315,095
—
Income deductions
Net
$30,116
,
$28,115
Preference dividend requirements:
J. P. S. Co., Ltd.—preference shares
Preference
and
of
Is
lease
discovery
located
to Lion.
would
be
40-million
a
announced
was
The
The
for
in
well
in
the
Col.
company
shares
165,
for
a
4,080
13,
be
York,
be
stock,
next
made
N
at
'the
at
Y.—V
165
heart
Barton
Co., Inc.—Preferred
Brothers
man
and
Stock
Offered—Leh¬
Goldman, Sachs & Co.,
June
on
11
offered 75,000 shares of 3%% cumulative
preferred stock
(par $100)
oper.
Operating
at $103 per share and dividend.
The
June
1951;
30,
before
$106
June
$105.50
30,
30,
before. June
share
per
if
$105 per share
$104.50
before June 30,
or
before
on
or
plus
if redeemed
1952;
1954;
30,
thereafter but
redeemed
if
but
thereafter but
before
on
est.
Int.
Commercial
; Sinking
June |30
Bank
before
or
&
Trust
June
of each year thereafter the
conditions,
acquire,
and
as
for
a
Co.,
30,
New
1950,
Y.
N.
and
"
June
on
shares
(5
underwriters.
but on
but
of
on
before
or
but
30,
1953;
before June 30,
before June
or
after^but
June
$103.75
share
,
PURPOSE
redeemed
thereafter
$103
company
intends to make
on the New York
Stock
per
Co., Chicago.
by amend¬
to
Other
&
letter
bank
of
loan
Proceeds
notification
with
offered
R. I.
expansion of
and
the
Exchange.
the
SEC
at
$50
Proceeds
business.
Mar.
$3,668,131
2,292,412
$3,458,848
281,672
225,426
234,718
228,320
1,998,491
547,019
461,071
$312,310
$545,540
1,958
8,763
oper.
$321,073
32,812
130,417
$554,691
141,501
7,301
363
26,707
712
$58,509
$90,781
reduction
37,960
2,240
*124,513
of
$107,891
$161,709
due
1947—Month—1946
to
$250,717
write-off
than
Operating
165,
Fed.
1947 had 697
1947—5 Mos.—1946 i
stores
in
operation,
165, p. 2547.
1947—Month—1946
—V.
165,
as
—V.
165,
charges
1947—Month—1946
$260,122
$1,000
be
bond
dealt
in
first
on
$220,242
1947—Month—1946
$4,768,815
"flat."—V.
1947—5 Mos.—1946
$1,165,301
$1,010,584
1947—5 Mos.—1946
$3,892,266 $21,761,045 $18,990,193
and
SEC
notes
Lind, both of Seattle,
operating expenses.-—V,
1 f
1947—12 Mos.—1946
1,967,244
taxes
1,990,786
384,148
235,911
$7,235,968 $16,246,862 $15,228,327
759,189
2,954,074
2,949,287
87,500
72,500
310,59 0
280,530
36,000
36,000
144,000
144,000
4,890,393
247,217
5,158,450
gas
__
Fed.
income__
on
1,840,800
income
1,530,800
$5,989,411
CONSOLIDATED
>
>$4,837,479
BALANCE
SHEET,
$7,947,805
MARCH
$6,448,843
31,
1947
ASSETS—Property, plant and equipment, $126,599,950; miscellaneous
securities, $36,818; cash, $7,044,043; United States
Treasury tax notes,
series
C, $215,000;
accounts
and
notes
receivable
(less
reserve
of
$71,132), $4,439,124; materials and supplies, appliances, etc.
(gener¬
ally at cost or less), $2,695,415; prepayments, $222,616; other
deferred
debit
items $179,316; total,
$141,354,333.
LIABILITIES—Capital stock ($10 par), $54,990,000; notes payable
to banks (1948-1958), $15,750,000; notes
payable to banks, $1,500,0P0;
accounts payable, $2,237,401;
customers' deposits, $1,919,369; accrued
Federal
taxes
on
income,
$4,666,618;
other taxes accrued, $502,413;
deposits and notes, $409,383; customers'
etc., $821,344; depreciation, depletion and
amortization reserve,
$47,586,359; accident and surplus reserve, $1,940,044; contributions in aid of
construction, $343,299; earned surplus,
$8,688,103; total, $141,354,333.—V. 165, p. 1730.
accrued interest
for
on
customers'
construction,
Long Island Lighting
Period End.
Total
oper.
Mar.
31—
expenses
$5,767,847
___
477,966
513,005
(incl.
income
prov.
Other
for
tax)
Operating
1,016,190
Total
income
Misc.
res.
of
Balance
165,
p.
and
that
3145;
V.
the
162,
p.
shall
2944.
continue
3,543,637
3,856,710
$1,036,063
$3,188,206
29,214
28,554
137,900
$3,236,257
110,967
$937,377
$1,064,617
$3,326,106
$3,347,224
1,480,071
(net)
deductions
348,861
344,741
1,344,830
income
179,850
>173,344
717,231
691,287
$408,666
$546,532
$1,264,045
$1,175,866
net
surplus
2927.
p.
Louisiana & Missouri River
See
Alton
totaled
RR.
above.—V.
output
of
35,008,000
corresponding
159, p.
RR.—$31.50 Dividend—
1449.
this
kwh.,
week
last
to
company
as
(Ky.)—Weekly Output
for the week ended
with 25,457,000
compared
June
kwh.
7,
1947,
for
the
increase of 37.5%.
Output for the
ended June 7, 1947, totaled
1,617.301,000 kwh;, as compared
with
1,346,187,000 kwh. for the previous 52 weeks, an increase of
20.1 % .—V. 165, p. 3054.
year,
an
weeks
McCrory Stores Corp.—May Sales Rose 16.74%—
1947,
as
in
the
May,
company
1946.—V.
McLellan Stores
Period End. May 31—
Sales
—V.
1947—Month—1946
$7,127,588
May,
number
bonds
999,168
$908,163
income
income
1947—12 Mos.—1946
$4,905,670 $20,164,073 $18,184,998
2,014,681
9,623,288
7,560,837
339,570
1,747,805
1,464,892
516,188
2,061,137
2,066,302
2,852,523
.
Maintenance
Taxes
Co.—Earnings—
1947—3 Mos.—1946
revenues
Depreciation
In
income
1947;
164,
the
promissory
plant
acquisition adjusts.
$10 per
mortgage
18.
with
6%
share
$7,319,388 $16,552,151 $15,567*291'
83,420
305,289
338,964
791,196
Period End. May 31—
June
M.
for
79,943
Louisville Gas & Electric Co.
Inc.—May Sales Increased 22.5%—.
amounting to
the
under
$7,239,445 $16,168,003 $15,331,380
$8,744,907
'
_w—
of
Electric
$1,000 bond will be paid on June 30,
bonds, due 1975, to holders of
record at the close of business on June
20, 1947.
The Exchange directs that the bonds be
quoted ex-interest $10 per
on
A.
$40,000
common
529,764
98,386
abandonments
Amortiz.
1947—5 Mos.—1946
Lautaro Nitrate Co., Ltd.—Interest—
Interest
1947,
notification
and
used
$8,843,293
income
Lease
—V.
2927.
p.
of
per
122,799
income
Sales
Of
redemption
Net
52
Lane Bryant,
be
$8,720,494
Depreciation
against
2547.
p.
will
credits—
Depletion
(M. H.) Lamston,
Inc.—May Sales Rose 18.1%—
Period End. May 31—
Sales
letter
591,313
Gross income
Net
proceeds will amount to
approximately $7,483,250.
thiSi sum, $4,945,000, plus accrued
dividends to the date of
redemp¬
tion and redemption
expenses, will be used to reimburse the
company
for the cost of
redeeming the 46,000 shares of its
4'/4%
cumulative
preferred stock. A one-day bank loan will be used to effect such
prior to the delivery of the preferred stock now offered,
and all of the old 4 A %
cumulative preferred stock will be
eliminated
before the issuance of the new
preferred stock.
Income
$12,763,377 $11,476,722 $59,408,441 $54,756,910
2672.
p.
common
1947—3 Mos.—1946
income
income
of
$21,653,075 $19,035,214 $95,851,276 $88,574,671
Period End. May 31—
acres
development of this block
2800.
a
1
Operating
corresponding month last year.—V.
SaJreS^
feet
7,700
$14,098,124 $10,902,505 $33,071,106 $29,268,686
1,597,605
1,056,071
4,135,802
3,286*711
581,362
268,184
1,539,539
1,100,205
2,133,059
1,471,679
7,571,187
6,209,770
474,291
337,362
1,689,331
1,349,834
expenses
(other
Other
Kresge Co.—May Sales Up 13.7%—
the
of
4,000
over
well,
Pres¬
gas
Barton,
9,151
$131,606
&
_____
H.
depth
current
,2,161
tax
capital,
(& Subs.)—Earnings—
31—
revenues
assets, $12,051;
1947—12 Mos.—1946
167,899
items
income
of
further
wildcat
T.
compressor
2959.
p.
$129,648
6,187
misc.
that
filed
Proceeds
Maintenance
common
held.
$97,559
32,500
Period End. May 31—
sabs
list
by
153,703
Net
to
&
share
a
57,727
income
in
—V.
share if redeemed
application
56,992
$95,398
disc.
p.
block
a
par)
5
Gas
purchased
Royalties
(S. H.) Kress &
Co.—May Sales Increased 11.2%—
1954; $103.50 per share if redeemed
thereafter
1955; $103.25 per share if redeemed there-
LISTING—The
preferred stock
if
a
546,132
58,132
debt
said
cent
Lone Star Gas Co.
Period End.
advances
The company in May,
701
30,
or before June 30, 1956; and
plus dividends in each case.
on
thereafter,
per
and
underwritten
shares
$959,538
tax)
debt
Sales
before
shall, subject to certain
fund, 1,500 shares of the
preferred stock by redemption or purchase.
The sinking fund redemp¬
tion .prices are as follows: $104.75
per share if redeemed on or before
30, 1950; $104.50 per share if redeemed
thereafter but on or
before June 30, 1951; $104.25
per share if redeemed thereafter but
on, or before June
30, 1952; $104 per share if redeemed thereafter
or
$10
for
prov.
SEC
share
a
939.
p.
Taxes
be supplied
six
680,527
Period End. May 31—
June
on
at
each
69,266
long-term
(S. S.)
Regis¬
or
on
be
pre¬
mium paid in connection with
July 1, 1945, refunding of bonds and the
write-off of amortization of debt
discount and expense.—V. 165, p. 2547.
York.
company
sinking
to
59,644
•Includes
on
$104
National
price to
a
$1,058,538
-
interest
exp.
or
per share if redeemed thereafter but on
$103.50 per share if redeemed thereafter but
1956; and $103 per share if redeemed thereafter,
Fund—On
preferred
will
1947—3 Mos.—1946
revenues
inc.
f
trar :
of
income
on
Amort,
1955;
before June 30,
payment
expenses
Fed.
Other
or
on
thereafter but
dividends in each case.
/^Transfer Agent: Manufacturers Trust Co., New York,
;
or
on
thereafter
redeemed
share if redeemed
per
for
(inch
Net
1953;
or
June
share
per
shares
issue
Redeemable, otherwise than for the sinking fund, at any time upon
at least 30 days' notice, at $106.50
per share if redeemed on or before
30, 1950;
cumulative
initially
share
filed
Operating income
Non-oper.
inc.
(net)
has been oversubscribed.
June
5
Period End. Mar. 31
80,288
91,800
$95,581
$5
distributing system.—V. 164,
June
on
of
offering price is 5 cents
denomination.
Lobe, Inc., and
'
with
Kings County Lighting Co. (&
Subs.)—Earnings—
Taxes
80,417
Co.—Registers
additional field lines, well
drilling and new
company's
used
21,992
2415.
Tea
for
Depreciation
91,800
Gas
shares of 5%%
($50 par)
preferred to be
Underwriter G. H. Walker &
Co., Providence,
share.
will
Gross
Jewel
one
company
25,434
$133,857
p.
The
21,992
B
shares C and D
paid—J. P. S. Ltd
dividend
of
May 23 by Col.
completed at a
The
any
Kay's-Newport, Inc., Providence, R. I.—Files with SEC
120,482
25,067
__
Balance
—V.
be used
offered
ratio
in
be
the
working
cubic-feet-per-day
on
was
continued.—V. 165,
40,000
notes.
registration statement with the SEC
a
publicly at
will
with
cents
50
b
10,500
preferred
Lincoln, Neb., and Cruttenden
offered
at
for
Livingston Mines, Inc., Seattle, Wash.—Files with SECJ
Gross
Preferred
Maintenance
Preference
Common
Common
Total
income
be
of
notification
Co.—Completes Large Gas Well—
Ozley,
ident.
Net
113,750
income
will
units for the
219,551
14,998
10,833
oper.
common.
Co.
773,401
,.
income
will
$1,643,650
68,379
accruals-
res.
Utility
Other
1947—12 Mos—1946
$146,382
80,271
Maintenance
par)
of
1071.
p.
Natural
June 5 filed
shares
(no par)
Trust
stockholders
$166,887
Taxes
Retirem't
ment.
Subs.)—Earnings—
1947—Month—1946
revenues
Operation
158,
on
letter
a
1210.
p.
Completion
No.
9,000
9,000
Co
July
will
New
SEC—
The company
credit
above.—V.
Kansas-Nebraska
Preferred
Jamaica Public Service Ltd. (&
RR.
filed
of capital stock to be offered
underwriting.
Proceeds
will
be
used
without
—V.
June
on
shares
income)
Alton
Financing—
on
proposed that
when
subscription
165,
Kansas City, St. Louis &
Chicago RR.— Exchange of
Securities Under Plan—
1
1
tCr3,065,000
$16,000
•Loss.
tRecovery in taxes.
JRecovery of taxes
805 from the reserve for postwar reconversion.—V,
1947—4 Mos.—1946
$7,835,718 $32,414,186 $30,597,384
& Libby—To Vote
at
preferred
also
directors,
______
$395,786
is
It
Operating
redemption
dividends.
Co.,
net
exact
Shares
First
9,000
outstanding
have
26 will
cumulative
are
No. of
18.750
Co
Inc
the
stockholders
pack-'
follows:
18,750
____,
&
June
the
in
personal
Shares
Brothers
$107.50
1947—9 Mos.—1946
*$1,374,000
the
Corp.—May Sales Up 24.5%—
$9,754,708
The
company originated in 1899 as a partnership.
Illinois corporation was formed to take
over the
an
A1_
$100,
See
245,800tCrl,020,000
to
as
distributing activities.
the
later
„
&
All
142,831
$539,367
1947—3 Mos.—1946
corporation's
30
was
derived from security
profits, and
as
a
"capital gain dividend" under
"Capital gain, dividends" are taxable to
capital gains.—V. 165, p. 2279.
165, p. 2547.
Lion Oil
primarily
articles
To Redeem 4*4% Preferred Stock-
Co. —Earnings—
Period End. Apr. 30—
the
that
•
Jacobs
June
Code.
long-term
Lerner Stores
of
after
designated
Revenue
as
account
shortly
of
the
Goldman, Sachs
2415.
p.
is
also
years
Blyth
507,164
133,701
______
be
Period End. May 31—
The
company
and
Two
use.
warehousing and
Lehman
$1,045,781
452,590
I
the
sales
No. of
39,516
& other deducts.-
requirement
BUSINESS—Company
shares purchased
by
$1,006,265
bonds
on
sale
of
securities during
the cor¬
ending June 30, 1947, it was announced
President.
The remainder, approximately 65 cents
will
the
Internal
stockholders
outstanding will be $281,250.
UNDERWRITERS—The
par
Amortiz. of debt disc't & exp.
be
products
business
few
of
594,725
30,183
income
the
1,505,747
1946.
dividend
to
earnings of
in excess of
were
food
which
The
1946
$1,095,475
Net earnings
annual
stock
2,672,837
512,000
earnings
19, 1947
and
AND
of
company
$5,385,684
439,850
retirements
of
amount
the
2,839,784
New York.
681,786
for
amount
such
tCredit.
business of the
partnership, and on Jan. 14, 1916 the present
corpora¬
tion was organized under
the laws of the State of
1947
taxes
Provision
sales
1,050,517
income.
on
in
Del.—Earnings.—
,
384,408
different methods of distribution
are
employed,
operation of established motor vehicle routes for
the sale of merchandise to
customers in their homes, while the other
is the operation of a
chain of food stores
782,399
profits taxes
figures,
corresponding period in
initial
preferred
one
$848,227
3,122,870
Stockholders
1,392,581
unaudited
on
household
$1,630,626
$5,851,981
1,155,833
271,183
special reserves and Federal taxes
HISTORY
5,637,601
36,774
maintenance
t272,370
weeks ended April
The
1946
$1,593,852
April 30—
Operating expenses
231,881
432,967
1,760,779
944,037
Total operating revenues
745,239
876,127
577,756
1,583,178
1,576,995
1,518,871
4,348,648
4,700,563
&
111.—
A
Iowa Southern Utilities Co. of
1,423,959
880,846
2415.
p.
$1,452,120
878,494
aging,
-V.
year
I
312,802
2,542,258
$1,228,698
income
on
fiscal
by Robert Lehman,
per share, is the final distribution on
ordinary income for the fiscal year.
Net Profit
315,751
3,437,110
$7,231,452
$2,172,735
profits
'
$291,047
64,545,997
88,780,440
29,131
deducting special chargeInterest charges, special charge & other deducts,
net
current
Libby, McNeill
Profit
58,328,385
$2,143,604
Gross income before
Income
53,094,054
retailing
!
on
dis¬
of
poration's
—V.
EARNINGS
1945
Bank
Chicago,
$8,459,735
6,316,131
558,862 shs.
1944
for the
..*'••
_
FINANCING
900,000 shs.
;
tribution
-
75,000 shs.
of
Co.—Earnings—
Ended April 30—
revenues
v
Outstanding
1943
100
the
Net earnings
Other income
(net)
Net
PRESENT
and
$48,000
at
Based
Operating
Operating
is
will
2,763,518
2,509,143
1,461,219
29,231,608
165, p. 1316.
Iowa Public Service
of
It
which
$1,743,167
1,868,710
1,916,980
2,009,962
41,702,980
53,257,811
1942
National
Street,
funds
directors
June
11 declared a
dividend of $3.65 per share
the capital stock,
payable June 25 to holders of record June 18.
Payments of 30 cents each were made on Jan. 7 and
April 7, this
year.
In 1946 the
following dividends were'paid: Jan. 7 and April
8,
30 cents each; June
25, $5.45; and Oct. 7, 30 cents.
Approximately $3 of the dividend just declared constitutes a
Excess
31,
1936,
of
75,000 shs.
•Profit
1940
collateral
interest.
Trust
TO
(par $100)
Net Sale
1937
2547,
have
lien
prob¬
efficiency
programs.
1947 the company's stockholders authorized
an
amend¬
certificate of incorporation
providing for elimination of the
cumulative preferred
1941
There
amount
Other
fleet*
Prov.for Fed. Taxes
Year
Investors Telephone Co.—Partial Redemption—
first
modernization
the
9,
$23,277,441
23,726,533
May
on
to
.
(no par)-.
which
$24.91,
was
$37.77
additions
on
Sales
company, outstanding
sheet on that date, with
1947, based upon the balance
owned adjusted to
market prices,
with
pares
—V.
and
9
Lehman Corp.—To Pay $3.65 Dividend—
pur¬
required
4%%
stock, the authorization of the 75,000
shares of 3%%
cumulative preferred stock offered
hereby, and the
authorization of 300,000 additional
shares of common stock.
Company
has no present plans for the issuance or
sale of the 300,000 additional
shares of common stock.
share of this
common
31,
securities
•
of
be
to its
old
1947—4 Mos.—1946
$4,077,088 $18,673,420 $15,545,649
month of May and 20.1% for the
(3169)
com¬
purpose.
Investment Co. of America—Net Asset Value—
per
the
corporate
will
company's route business.
include funds to improve the
to
SUMMARY
asset value
general
to
Authorized
3%%
of 1947, 7.7%
and 6.2%, respectively, resulted from
department not in operation last year.—V. 165, p. 3052.
The net
for
added
the
needs
facilities
Common stock
to
Stores, Inc.—May Sales Up—•
for the
be
$1,500,000
replacement
CAPITALIZATION GIVING EFFECT
months
leased
be
approximately
impossible at this time to state the
dividend of $1.20 per
payable
1947—Month—1946
$5,553,255
Of
will
for
used
capital
productive
The
quarterly
preferred
June
Bales
first
and
that
future
near
vehicles
ment
new
funds
anticipated
stock.
board
share
is
within
of
overwhelmingly approved
preferred and 88% of
merger plan converts on
effective
date
the $5
dividend
preferred stock into $4.80 divi¬
dend preferred stock, on the basis of four shares of new stock for
three of the old.
As a result of the merger plan being made effective
on
June 9,
all trading on and after that date will be in the new
dividend
general
approximately $2,500,000 will
The
It
the
$4.80
of
poses.
at the opening
with its subsidiary
as
was
of
balance
pany's
New Preferred Stock
on
voted to make
its
1947,
9,
The
Corp.—Merger and Recapitaliza¬
165, p.
2547.
1947—5 Mos—1946
$6,105,769 $32,248,062 $29,598,087
had
199
165,
p.
stores
In
operation,
the
same
2547.
Co.—May Sales Increased 2.3%—
1947—Month—1946
$3,824,785
1947—4 Mos.—1946
$3,739,466 $13,937,244 $14,054,127
10
Michigan.
of
Maine Central RR.—Earnings—
$2,026,833
1,466,435
$1,740,043
1,358,965
Net operating revenue
$560,393
$381,078
1—
247,957
$1,975,306
833,414
•Equipment rents (Dr)__
Jt. lac. rents (Dr)
45,821
167,213
29,699
30,693
23,410
revenues
Operating
expenses
,
Taxes
Net
10,674
43,496
$191,489
$809,740
Inc.
104,251
133,182
417,389
544:129
City
190(664
J.
Dain
M.
__
Kenaall,
Reinhoidt
Mason.
Moran
&
—V.
SEC—
announced public financing program of
about $25,000,000.
A registration statement covering $15,000,000 of
debentures and 89,467 shares of preferred stock .has .been filed with
the SEC.
Goldman, Sachs & Co. and Lehman Brothers are expected
to head the public
offerings, with coupon rates and prices for the
9
June
on
company
Co._
E.
100,000
165,
165,
—V.
v
miles
miles
passenger
Revenue
The company on
load
Operating
2,306
per
share without
The
165, p.
loss
.164,
1873.,
p.
-
-
*
-
•
u.
taxes—
for
material
June 10 filed a letter of notification with the SEC
class B stock (no par) ' to be .offered at $15.50' ■
underwriting. Proceeds will go to estate of William
Morgan.—V.
Fellowes
&
Inc.__;
costs,
2800.
April of
vwell
as
as
a
was
in
decrease
The
Robinson-Humphrey
513,000
Singer, Deane & scribner
356,000
Weeden
Peabociy
165,
&
156,000
156,000
156,000
156.00o
156,000
Inc
Co.
Cook
78,000
& Co.—
Ferrin, West & Winslow,
78,000
Inc.
234,000
2054.
p.
Missouri & Arkansas
/
Ry.—Earnings-
railway
1945
$164,835
$4,389
1944
$155,113
$157,495
'
1946
1S47
.
from
Cross
&
Newhard,
&
Sons__
156,000)
—
Company
234,COO
April—
"16,372
*31,683
173
26,423
3,690
*55,467
*4,225
(
12,021
627,096
855,528
771,845
*51,507
39,933
103,365
Net T,y. oper.- income~__
*57,560
"Deficit.—V. 165, p.. 2548.
*43,977
*42,861
188,247
53,130
railway———*
Net. from
$402,763
.20,796-
N.et'
from
■:<
•«
,
...
railway
railway.
from
Net
2,683
"
income—."
oper.
rj.
From Jan. 1—
Gross
*—-January 1 to—;
V"
$7,262;000,
$7,301,000
2004.
Mohawk
Jun 1, '46
Jun 1, '46 May 31, '47
-
.
)
Carpet Mills, Inc.—Earnings—
1
-
' EARNINGS FOR 3 MONTHS ENDED MARCH 31, 1947
,
Sales
(net)
,
Interest
Co. — Bonds Offered—A
Halsey, Stuart & Co. Inc.
1st mortgage bonds 27/$%
interest.
The issue was awarded June 9 on a bid of 101.269,
Other bids received were: White, Weld & Co., 100.52 for
2%s; Dillon, Read & Co. Inc., 100.199 for 27/8s; -Glore,.
Forgan & Co. and W. 'C. Langley & Co., 100.273 for 2yss;
Harris, Hall & Co. (Inc.) and Drexel & Co., 101.63 for:3s;
Lehman Brothers, 101.5397 for 3s, and The First Boston.
Gas
banking syndicate headed by
on June 12 offered $6,000,000
series due 1969 at 102.05 and
Parker
Ercwn
—V.
409,703
<
Co
Co.
6.7%— 7"
$1,523,000
$1,626,000
Alex.
load factor.
passenger
Milwaukee
Redpath
76.4%-'
'•
&
&
Auchinclcsa,
due to increased labor
4 Weeks Ended
May 31. 47
p.
Ohio
85 '
27(075
'
Bales.—
165,
The
Co
Anthony & Co._
665,000
665,009
665,000
The
99.51%
8.,.103,226
6,189,606
21;243 '
$424,680
*19,394
•■;
___
this year
Miles Shoes, Inc.—Current Sales Up
—V.
981,000
665,000
Co.-
Kidder,
Co.,
L.
-—i
,
and
other
$9,575^464
-
___
-fnet)42,968
income
miscellaneous
Michigan Consolidated
•
Corp. 101.30 for 3s.
•
-
Total
Amortiz.
of
$503,145
$5,652 291
233.562
183,574
42,167
2;701, 786
4,500
72 932
743, 899
687,850
income
&
exc.
tax
'
.
.
PURPOSE—Company intends to
,
debt
895,780
,
$135,321
estimated
income
22,807
J9r35.7
deductions
Dr3,815
■•
■•
,1-....
taxes
state
taxes
state
$805,481
income—''
on
342,000
income—i
on'
..
shared—- $0.87
of $105,741.—V. 164, p. 1874.
Brl4,114
depreciation
accrued
Montgomery Ward & Co., Inc.—-May Sales Up 22.6%—
Period End. May
•
1947—4 Mos.—1946
1947—Month—1946
31—
$298,822,741
Sales—$104,322,237 $85,064,892-$3.72,702,690
11,348
;
the
for
*lhcluding
Dr4,288
( ■a"
income
-
274,220
.-.
.-•
•
Br4,247
v
Br 153
.
and
and
$463,481
$1,209,425
271,602
.
Dr353
Fed.
before
Federal
for
period.
Net
..
353,175
•
.
$1,711,894
$141,825
22,589
premium on
The
company
records
those
for
months
that sales for May and for the four
announces
165,
periods.—V.
•
\
■*1946
'
2548,
p,
*
Divids,
$928,145
$1,458,652 '
____"
$116,901
$119,528
stock__
10,049
,10,049
120,594
„'120,594
$106,851
$109,479
.$1,338,053
7 $807,551
income
Net
pfd.
on
J
Moore-Handley Hardware Co., Inc. —Earnings
•
Balance
apply the proceeds -(after
Net
'
are
•
.
of
•
.Other
445.667
131,080
debt_
long-term
on
147,126
t
J
Gross' income
7,607.703
1,205,247
,320,448
Earnings per share on 531,000
1
Federal
Amortiz.
.
Provision
9,233
taxes
Int.
2
526 000
■
redemption.
$9,618,432
.
______
.."'Wages, materials and expenses'^—i. r'• '
Selling,. general, administrative' and other expenses-aiL^.?.^-'''
L 1,152,664
47,167
,170,228,
plant acqui.
General
.
.*•
$572,409
Adjustments
profits
1946
1947- -12 Mos.-
1947—Month—1946
revenue
Operating
expenses
Prov. for /depreciation
1947;
1,
income
'
.
.
Earnings—
Mississippi Power Co.
•Period End. Apr. 30—
Gross
due March 1, 1969.
Interest' payable" on.
March 1 and September I at .office ,or .agency of company in New York,
or Detroit. - Bonds
will be redeemable at - option .of company In whole
or
at any time or in part by lot .from time to Time, .on -at least 30
days' published notice, and in part from time to time through-.the
operation of the sinking fund, on at least 15 days' published motice.
The
initial
optional redemption price is 105.05%
and the initial.,
sinking tund redemption price is 101.98 %.j plus interest to date of
March
Dated
-
234,000
234,000
of Michigan Corp..
First
Day & Co
Moore, Leonard & Lynch
Fear, Stearns •& Co
•Equitable Secuiities Corp.
1943
496,673
after income
and
.
miles,.
_'
flown
shares of
for
i
_
:
revenue
profit
♦Deficit.
Inc.
Co.,
97.0%
10 047,33-5
6,303,129
.20,158
62.7%
95
'
22,523
___,
factor
miles
—V.
Co.—Files with SEC—
and the
them, respectively,
by
R.
Inc.—Operating Statistics—
carried—
passengers
Passenger-
flown
flown
Mail, express and freight tons
Mail, express and freight ton
2800.
p.
Merchants Refrigerating
purchased
$981,009
Co
Co
100.000
200,000
and Co._
&
Yantis
S.
:
•.
Revenue
Net
Thomas
1947.
Capacity passenger
1947—Month—h1946
1947;—4 Mos.—1946
$9,389,000 $8,154,800 $34,237,500 $29,936,700
Sales
the several underwriters
Stroud
Tucker,
April—
efficiency
Operating
Sales Increased 15.1% •—
Mercantile Stores, Inc.—May
to
931,000
&
200 000
W.
of
Revenue
Period End. May 31—
&
Weld
Shie;dj
,3054.
p.
Month
be
to
White,
100,000
of
be
names
bonds
of
follows:
as
Haligarten
Mid-Continent Airlines,
determined later.
The purpose of the financing is to provide additional general funds
to the company, in the light of past and prospective -expansion, includ¬
ing new stores in Los Angeles, St. Louis, and Phoenix, Arizona, as
well as increased working capital.—V. 164, p. 2693.
securities
100)000
—
Gardner.
Inc.
100.0r0
Co
&
F.
The
are
Lamenee M. Marks & Co.
$121,120
Stores Co.—Registers With
amounts
principal
1
Stifel, Nicoiaus & Co.,
150,000
_____
McDonald-Moore
May Department
Inc. '
&
UNDERWRITERS—The
100,000
Park-Shaughnessy & Co.
Copeiand &
100,000
Corp.....
ljSCOO.OOO
Patterson,
200,000
Cleveland
First
2417.
165,.p.
100,000
200,000
& Co
150,000
200,000
Company
Newhard, Cook & Co.__
Otis ;& .Co._____________
100,000
Martin, Burns & Corbett,
$392,351
$58,307
$142,350
income
Net
Co.
Corp._:._
Dempsey & Co
Inc.
—V.
purchasers and .the prin¬
purchased by them, respec¬
•
'
•
Metropolitan St. Louis
to be
$2,800,000
and
.territory electric service is rendered in 354 communities, six
purchase their power requirements -at wholesale from the
and the remainder are served by the company at retail.
Natural gas service is rendered in 39 communities.
Of the company's total revenues from electric energy sales for the
year ended Dec. 31, 1946, approximately 24%
was derived from resi¬
dential customers, 12%
from rural customers, 29% from commercial
customers, 27% from industrial customers, 5% from government and
municipal customers, and 3% from public utilities.
which
company
-
___
Monroe
Securities
are
company.
In'this
of
several
the
of
bonds agreed
new
follows:
as
Halsey, Stuart & Co.
$665,249
'■
are
Braun,
$474,585
$766,244
amounts of
tively,
served iby .the
and
1943.
PURCHASERS—The names
cipal
115;727
30,733
etc.
int.
137,204
$160,756
—
Gross Income
Rentals,
238,444
in Big Rapids in
properties
629,417
303,324
$246,601
income
Other
Mount
$1,528,053
$235,927
income
oper.
iy.
6,005,992
number
A
Rapids,
Ann Arbor were acquired in 1938, the properties in
Pleasant, Greenville, Ludington and Belding in 1942, • and The
water service to its customers.
located throughout the region
electric,
natural gas and
of substantial industries
renders
Detroit
The gas business conducted by the company in
by predecessors in 1851. The properties in .Grand
-and
Muskegon
$7,457,907
5,929,854
$7,981,298
Operating
started
was
1947—4 Mos.—1946
1947—Month—1946
Period End. April 30—
Monday, June 16, 19471
FINANCIAL CHRONICLE
THE COMMERCIAL &
(3170);
—V.
t
165, p.:2801.-
'
;
•
.
• •
••
sales'
Cost
,
.-
5
'
of $118,000) to be received from the sale: of the. new bonds,
with the sum of $3,875,270 received on lune 9, 1947 from
the sale of 276,805 additional shares .of common stock to its parent,"
Amerioan
Light &
Traction-' Co., to finance the construction .and
Acquisition -of additional property, consisting principally of distribu¬
tion facilities, natural gas production and storage facilities,
and gas
manufacturing equipment, and to reimburse the company in part, for
expenditures heretofore made for such purposes.
;
The amounts which the company proposes to expend for such addi¬
■■•-
of
$5,938,097
____»
goods sold
Expenses
,•
1947
'/ *
Quarter Ended March 31—
Net
■
.
____—
$4,240;242
4,666,564
3,386,571
"
536,673
758,402
—
expenses
_
.
during
property
other accruals.
-
—
The company has temporarily financed a portion of
and acquisition of additional property "by
•construction
from .the National Bank of Detroit on '.promissory
.the program for
borrowing "funds
motes .-bearing
interest'
24, 1946,,
dated Feb. 21, 1647, .and
maturing June 24, 1947, and one for $1,000,000 dated Maroh 2.7, .1947,
and maturing June 24, 1947.
These notes will be ,paid off f rom, the
proceeds of the sale of the new bonds and the above ,mentionad addi-"
the rate of IV2 %
at
tional
•Of
shares
the
of
per .annum,
for $.750,000 dated Dec.
one
24, 1947, one for $1,00.000
and maturing June
common
stock.
from the sale of the new
proceeds
bonds, $2,500,000 will be
GIVING EFFECT
TO PRESENT
FINANCING
„
stock
'*
ties
are made
to
basis of, with¬
extent, of 60% *
cost of fair value, whichever is less, of the property additions
company.
As such funds are received by the company they 'will.
and
drawals
,of. the
SUMMARY OF EARNINGS
the
of
other
for
Fundable
♦Amount authorized unlimited.
Issuance of additional bonds subject
certain restrictions ,as provided in the indenture.
additions
purposes." As
corporate
such additions will be used as the
by-the corporate trustee to the
^property,
held
cash
of
•
1946
Apr. 30, '47
Maint.
prov.' therefor
&
1944
1945
$31,489,119
of
income
and
1,635,704
66,008
63,421
63,421
63,421
lst mtge.
1st mtge
$6
2,961,127
2,848,286
2,723,217
2,661,450
2,090,450
3,619,200
1,321,121
pfd.
_*The
$4,242,589
income -(net)-™
Gross
$4,603,401
$4,312,287
$6,354,779
187,812
236,195
4,964
,19,975
$4,839396
1,376,880
$4,317,25.1
1,379,498
1,412,265
$6,674,754
*4,163,445
$3,050,903
$3,462,716
$2,904,986
$2,711,309.
$4,430,401
income.
"Total income deductions
"
Net income
•Including
a
special
in Federal income
costs relating to
and
charge
excess
of
$2,637,000 -equivalent
to
reductions
profits taxes resulting from deduction of
redemption of long-term debt.
HISTORY AND
BUSINESS—Company
was
,
.
incorporated
in
Michigan
as Detroit City .Gas Co.
-Company's name was changed
Consolidated Gas Co. in August, 1938.
is engaged in the purchase, distribution and sale of
Statural «as in Detroit. Grand Rapids, Muskegon, Ann Arbor, Mount
Pleasant, Greenville, Belding and Big Rapids, and certain adjacent
territory, and in the production, distribution and sale of'.casinghead
gas In Muskegon and of manufactured gas in Ludington.
In Detroit"
and AnnJlrbor the supply of natural gas Is .supplemented «by manu¬
factured gas whenever the supply of natural gas in inadequate.
Com¬
pany also owns
148 gas wells and -has .gas rights -on lands in west
central Michigan.
Its business is ,conducted .entirely-Tvithin, the. Btate
Jan.
12, 1898,
to" Michigan
The
company
facilities
and
the
extension and
GIVING
EFFECT
TO
Net
3,024
surtax
;
109,155
'5,503
9,628
—
t
$311,325 '
$0.58
1
1
share-on 500,000 shares.—;
per
33,731
190,812
1
and
tax
taxes
profit
Earned
■____
$1-78,095
* $0.32
*Earnings of the old corporation adjusted to reflect—(1) Payment
$8,333 monthly rental for properties being leased by the new coin-*
pany from the old corporation; '(2) Elimination -of interest received on
"government bonds not acquired by the new company; (3) Eliminatioii"''
of depreciation ...on properties now
being leased, and (4) Estimated
reduction' in income taxes~ arising from foregoing adjustments.
W. W. French, Chairman, reported that current assets on March'31*
1947
were
$4,942,896 against current liabilities of $1,469,030.kV'Tfie
first three months of 1947 has mot only produced the most successful
.
first
,
quarter in
the ihistory of our
but the upward trend in
company,
March 31;"—V.
sales has continued since
"
165, p. 1593.
: y
/
?
(G. C.) Murphy Co.—May Sales Rose 14.12%—
In
$8,572,199 $41,142,787 $39,293,608
$9,783,003
Sales________
the company had in ooeration
May, 1946.—V. 165, p. 2928.
in
as
-
stores, the same
'
209
1947,
May,
number
1947—5 Mos.—1946 •«■
1947r—Month—1946
-Period End. May 31—
,
•—Authorized—
stock
(no
maximum
$250,000,000
.(.exclusive
-Outstanding-
1952 to
but
and
of
by
mortgage
the
bonds
proposal
a
from
250,000 -shares
not
will
20
York
New
quoted
be
notice.
further
while
cents;
—V.
«
distribution
cash
issued-in connection with-the present 100%
...
■
Exchange has ruled that. The common stock
"ex" the stock distribution and the cash dividend
Curb
in
June
.1946
29
of
the
cents
75
and Sept. 30,
March. 31,
March 30,
cents each; and Dec. 14, 55 cents.
share
per
following
25
made
was
dividends
on
.paid:
were
*
V
165, p. 2673.
950,060 shs.
1:500,000 shs.
authorized
issuance
$2.50.
'*
par)
ratios
approved
2
par
order to
in
distribution.
last,
44,476, shs.-
stock,
ing and. the shares to be
A
3,450.000
100,000 shs.
par)
June
on
common
t
8,500,000
1956
(no
.
to increase the
to .500^000
provide for a 100% stock distribution on the out¬
standing
207.67Cshares, which
was
subsequently doclared
payable
July 10, 1947 to holders of record June 16, 1947.-■ t
,A cash dividend of 50 cents per share was also declared
on'the
common
stoak. also payable July 10 to holders of record June 16.
This cash dividend will be paid on both the shares presently outstand¬
shares,
until
$12,000,000
Distribution—Increased Common Stock to
stockholders
The
authorized
The
is
and
deed -of
by
otherwise- limited
trust
other
the .company acquired the
utility property and service rights
communities.
These obligations mature serially frpm 1948 to
Nassau & Suffolk
is
property
provisions of-the. mortgage and deed,
/Represents the outstanding amount of bonds and notes
of those maturing within one year)
assumed at the time,
earnings
trust.
'
Stock
Receive 50-Cent Cash Dividend
stock
148,492
due
cumulative
Muskegon Piston Ring Co.—Capitalization Enlarged—
100%
FINANCING
PRESENT
.
stock
Common
of
'Other
of -new
bonds, 3%% series due 1974 *$12,000,000
*8,500,0G0
bonds, 27/8% series due 1977
serial'notes
2%
and
Operating income
construction
CAPITALIZATION
Miscellaneous
excess
profits taxes
-
1,725,539
1,462,135
__
Fed.
■.
the
■
1,021,972
1,928,349
adjusts—
for
6,400,536
1,031,503
plant
utility
acquisition
State, local and mispell.
•Federal taxes _*
Used
improvement of present facilities and for other corporate'purposes.
11,530,136
1,785,501
Depreciation
Amortr
2,511,628
2,838,160
be
-Years Ended Dec. 31
12Mos.;End.
v
Oper. revenue—Gas
$36,816,777 $33,214,272 $31,483,590
9,062,808
10,642,460
Oas purchased for resale
9,266,217
10,105,929
7,365,963
14,195,040
Operation
493
$326,490
.
.
trust, pending withdrawal by the" company under the terms ofand deed of trust dated as of Sept. 1,71944, as supple¬
30, 1947 the company had cash of $3,721,647 which,Together with-the approximately $6,000,000 to be received, will be;
used to
repay
a
short-term loan .of. $1,250,000 from' 13 Mississippi'
banks which was incurred as of Feb. 25, 1947, in connection with the.
company's construction program and is payable on or before Nov. 25,
1947, and the -balance of the funds will be used for the construction
of new facilities and the extension and improvement of present facili¬
*
$38,000,000
*
8,000;QOO
40,000 shs.
40,000 shs.
3,500,000 shs. ' 3,0.44,855 shs.-
(par .$14)-
normal
income
State
!
;the mortgage
Outstanding
Authorized
1st.-,mtge. bonds, 3V2% series due 1969
1st mtge. bonds, 2%% series due *1969
4%% cumul. pfd. stock (par $100)-
.
Federal
mented.-On April
CAPITALIZATION
1
income
deductions
Other
of
1,659
$514,790
income
Total
$325,996
:*,'.* $513,130
profit
Operating
Other
,
in
000
,
the .indenture.
Common
.
•
Forgan
....
trustee under the indenture of mortgage and £eed
of trust dated as of March 1, 1944, and will be held as .part of the
trtist estate subject to withdrawal in accordance with the provisions
to
Glore,
.
deposited '.with the
of
viz.:
received,
were
PURPOSE—The net proceeds will be used for"the following purposes:'
Approximately $6,000,000 will .be added to The company's- general,,
cash funds, and the corporate Trustee will retain approximately' $2,500,-
...
.
.
& Co. and Harriman Ripley
& Co., Inc., 100.173 for 2%s; .Blyth & Co., Inc., 100,14 fox 27/aS;-W. C..
Langley & Co. and The First Boston Corp., 102.311 for ,3s; HalseyBtuart & .Co. Inc.', .102.2699 for 3s; and Lehman Bros., 1Q1.031 for 3s.
Dated June l, 1947; due June 1, 1977.
Interest payable Dec.,1 and'
June 1 -in New ¥ork City at the principal office of Irving Trust .Co.,
corporate 'trustee. Commencing in 1955 .and continuing to -and, includ¬
ing 11976, is deigned ( on The basis of $20,500,000 principal: amount )
-to retire $4,100,000 of bonds issued under the mortgage mr to cause .
the waiver-of the right to the authentication and delivery, of an equaf, "
principal amount of such 'bonds;
Bonds will be redeemable at- the
option of the company in whole or in part, .at any time,"qn,at .least30 -days' inotice -at .redemption prices beginning at 104.1T -ancl. interest;
■in 1948. Bonds will be redeemable upon like notice with .cash-deposited:
with the .corporate trustee for the replacement fund or the- current
sinking or other fund requirements, -or with proceeds of ,the release"
of property at the, special redemption prices ^starting .with IQ1.32/and;
interest in 1948.*
1..
.,
...
'
bids
the. year 1947 are as follows: Distribution
facilities, $7,283,000; natural gas production and - storage facilities,
$1,462,000;
gas
manufacturing equipment,- $2,142,000;- -transportation
and office equipment and miscellaneous, $859,000; total, $11,746,000.
•It is contemplated that the .funds required dor the
completion of
the 1947 construction program in addition-to 'the proceeds from theBale of the new bonds and additional shares of common -stock will
toe supplied froih current earnings andfrom depreciation reserve and
tional
Mississippi
Fower & Light Co.—Bonds Offered—White,
Weld & Co., Shields & Co. and associates ^on - JunC 12
offered
$8,500,000 first. mortgage bonds,' 2% % - series
due 1977, at 101^ and interest. »
'
'
/The issue was-awarded June 10 on -a bid of 100.289.
Five other-
together
in certain
:1956.-,
$1,156,055
$897,477
$3,516,173
$3,039,284
'_
948.602
612,866
2,721,254
2,05^,983
39,4.79'
32,254
159,260
137,769
42,220
43,760
169,141i" I!175,652
' s J
'
I
expenses
Maintenance
Depreciation
(incl.
Taxes
.income
1947-^—12 Mos.—1946
1947—3 MOS.—1946
revenues__^
oper.
Operating
HISTORY
AND BUSINESS—Company was incorporated in Florida,3,. 192,7.- The company is-one of the four subsidiaries oflElectric
Powqr & Light Corp. which make up a coordinated and inter-conmected .public utility -system .in portions of Arkansas, . Louisiana. and
Mississippi. The: other three subsidiaries -of -Electric-Power & -Light'
Corp. in That system are Arkansas Power &• Light .Co., Louisiana-
Lighting Co.—Earnings—
Period End. Mar. 31—
Total
—<—
-prov.
tax)
for
i
-
104,282
289,063
$104,315
81,623
________
$177,455
)
.
'1280,325
Oct.
Power
&
Light
Co.
and
New
Orleans
Public Service Inc.
.
'
The -company .is
presently -engaged In the • purchase,- ^generation,-,
transmission, distribution and sale of electric energy to residential;
rural,
commercial, industrial, public utility and governmental . and
municipal customers ;within its-territory; in the -purchase, distribution
_
communities within its
territory; in the
of water in four communities;,
and in activities incidental to such operations.
Of the Total 'operating
revenues
,of
$12,296,042 for the 12 months ending Dec. .31,. 1946,'
Approximately 73% was derived from the sale of electric service, -26%
Strom natural «as .service and 1% from water service.
In recent years
it has confined its'.merchandising activities almost exclusively . to the
sale of minor appliances.
Company has no operating subsidiariesThe company operates in the western half of Mississ4ppi ...Where it .
and
sale
of natural
in
and about
distribution and sale
gas
certain
•
$44,131
Operating income
income (net).:—
$392,555
'
'
561
Other
"470
;
2,196
v
'"T 5,113
.
•
-
it
*
Gross
$44.6921
income •_:
income deductions
Total
taxes
were
39)554.
40,646
$5,138
Net, income
NOTE—Due
i
$104,785
to
taxable; losses
accrued for the
year
»• •
-
forward,
1945.—V.-164,
159,673, ■•*-.
-
<$64,139
carried
$179,651
■
?p.
$19,978
no
Federal
1
$394,668
167*, 171
$227,497
incomfc
29281'
J,
National Investors Corp.—17-Cent Dividend—
directors have, declared a dividend of 17 cents per share on
the capital stock, payable July ,19 . to holders of record June - 30.* - In
1946; The company paid dividends as follows; .July. 20, 12 cents;-and
The
Dec.
23, 18 cents, plus a special .of 41 cents.—V. 165, p. .2280.
: v
Volume
165
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4603
'
National Gas & Electric Corp.
000
(& Subs.)—Earnings—
computed
3
Months
Ended
March
31—
l?4?
operating revenues*****
Operation—Purchased gas —i,
Other expenses
Maintenance
Provision
General
—————_
*—•—.'**—--
—
—****
$932,791
168,401
371,640
**.———_
——--
114,282
*;
*_*,*
taxes
47,824
.
Federal
,
34,878
retirements! depletion & amort,—
for
$799,406
134,742
348,137
30,332
105,417
income
.1——
taxes——
27,100
—
for
amortization
mination'.—V.
165,
of
debt
charges.
is
expense
Fed.
and
income
Amount
-
subject
Period End.
deter¬
New England Telephone & Telegraph Co.—Earnings—
Period End. Apr. 30—
Operating
revenues
Uncol. oper.
1947—Month—1946
$44,397,508
16,940
81,717
57,030
$10,996,580 $10,589,851
E.
$40,950,817
22,919
revenue
L.
operating incomeincome
Operating
L05.974
$168,665
8,674
(net)
Operating
13,064
revenues
$44,315,791
31,709.377
3,864,198
4,397,553
$877,189
$1,192,690
.$3,894,348
$4,786,851
466,867
792,052
2,264,760
3,193,201
9,202,730
Operating taxes
Gross
Total
income
Income
$177,340
29,074
$160,054
$89,965
$0.36
Net
Net
Net
income
Earnings
...
share.
per
CONSOLIDATED
BALANCE
SHEET,
31,
MARCH
1947
:
materials
and
supplies,
$101,483;
total,
charges,
consolidated,
$393,136;
$3,075;
prepayments,
Federal
Prep,
interest
accrued
$21,447;
deferred
service
for
tributions
in
Net
for
4,800
June
chares
of
filed
5
letter
a
The
common.
stock
*
Ballantine,
.executors
"Sold
at
Herbert
of
the
market
W.
Ballantine
estate
of
J.
and
Herbert
is
being
sold
Gertrude
The
by
$325,594
$3,701,909
10,524
139,851
105,910
$310,507
$336,118
88,493
$3,841,760
1,061,875
25,419
28,696
249,369
303,214
$196,598
$218,929
applicable to preferred stocks
p. 2417.
$2,530,516
$2,406,252
369,548
369 548
._—
bonds
deductions
&
,
.
income.———
—V.
—-
165,
York
165,
p,
Co.—State
The
as
2139.
Commission
! will
the
week ended June
6, this Association reports electric output
13,125,501 kwh.
This is an increase of 620,301
kwh., or 4.96%
above production of
12,505,200 kwh. for the corresponding week a
remain-
has
in
set
to
open
held
the
other
32
give
financing plan does#not
the
has
It
cases.
indicated
time
company
to
conform
the
*
year
Period
ago.
Gas
-
year
'
For
the
output
month
of
of
May
59,391,210
31,
kwh.
1947,
This
is
the
10.21%
above
month
a
Gas
-
009,000
*•
ago.
of
'
kwh.
of
"Uncol.
for
the
trustees
June
on
10
50,442
176,051
$29,691,221 $27,049,585
$87,450,536
18,569,187
61,243,163
4,743,386
14,741,985
53,482,416
14,482,357
taxes-
Net
:
declared
.
the
Twenty-
.
will
initial
quarterly dividend
*,$1.121/2 per share on the recently" issued convertible
payable July 1 to holders of record June 16, 1947. -
preferred
3,741,510
—
of
be
) expansion
shares,
This
this
designations
and
summer
the
At
meeting of shareholders in the 20-year history of this
held on June 10. it was announced that a quarterly divi¬
.Association,
dend
of
20
'mended
to
action,
cents
held
D.
details,
share
a
the trustees
be
to
Floyd
»
all
at
their
June
on
Campbell,
shares
common
would
meeting to consider
be
and improvement program,
will
mean
transactions in
connection
with
the
floor,
it
v
from
for mvnor
recapitalization
recent
r
tory
that
the
capacity of
the
plants
and
distribution
system
at
It
also
was
announced
that
a
contract had
been
let
and
that
Jand
proceeding on the new steam and electric generating plant of the
.Cambridge Electric Light Co., subsidiary, as part of the
$20,000,000
improvement program for the four years ending with 1949,
CONSOLIDATED
-
■
EARNINGS
.Operating
Operating
.Frov.
revenues—-——*
for
plant
t
Frov.
;—*.
and
for
$22,406,711
—
12
60
of
equipment
taxes
The
1946
The
Actual
$22,406,711 $20,285,516
12,093,695
1,609,420
1,609,420
property,
Other
'
than
•
income
•••..,
-
2,007,265
2,280,465
2,095,287
$4,535,758
to
on
a
than
„
•
manual
equipment
and
cable,
offices
scheduled
for
been
have
the
next
opened
in
On
195,968
195,968
of
the
189,947
$4,731,725
356,197
$4,731,725
$4,741,018
360,849
398,783
*
'
'
income
The
Balance
**
—
Interest
Amort,
Other
Net
on
of
,***
long-term
$4,375,528
$4,370,876
exp
1,751,962
1,850
and
644,718
(See note)
for
inc.
taxes
(on
$2,444,799
income,
were
if
consol.
not filed
consolidated
.*
Balance
to
from
tax
.*
filing
1,758,451
$68'6,348
274,501
714,551
$2,171,987
$1,400,900
$1,201,891
349,312
635
635
Balance
Pfd.
div.
Balance
to surplus—.—
after
of
$2,702,175
1,926,076
$2,599,495
646,569
38,352
pfd.
at
div.
$1,944,162
$737,746
$629,658
Other,
15,870'
as
.
—
r
.
taxes.*
******
$1,960,865
$753,615-
$648,251
r«(juirem't£$l,611,552
senior
,*_*,
•*_*
—
(no
—
—
;
r,
165, p.
of
Net
ry.
Railway
oper.
revs.**
tax****
Jt.
facil.
Net
rents-
ry.
(net)"—*
income
oper.
applicable
165,
Taxes
income
Total
on
income
State
—-
;
Sink.
income
1——
&
$9,853,225
7,099,315
153,900
$1,957,655
•$607,737 $11,280,554
683,777
693,564
*$780,713 $10,596,777
$6,760,969
-
91,465
•
-
88,583
345,849
334,039
400,000
200,000
——
$9,850,928
$6,426,930
:
Balance of
income***
♦Deficit.—V.
165,
p.
$1,495,278
3056.
*$869,296
62,731
375
292
1,924,137
32,568
30.68&
..
**___*
$4,611,574
298,149
164,000
.
.
.
•
13,125
72,700
$4,062,164 $20,455,265 $18,091,235
259,939
1,221,287
990,695
140,000
729,000
658,000
50,031
210,779
169,732
227,080
822,859
582,742
53,116,
178,536
,
,
$0.46
this
of
kwh.,
$3,385,114 $17,471,340 $13,172,775
$0.49
$2.04
$1.54
company
(Del.)—Weekly Output—
for
the
week
ended
June
7,
with 44,837,000 kwh.
increase of 12.4%.—V. 165,
p.
compared
as
an
(Wis.)
1947—3 Mos.—1946
$2,446,014
1947,
for
th®
3057.
(& Subs.)—fEarns.
1947—12 Mos.—1946
2,609,464
89,333
511,164
805,950
783,810
936,055
886,029
812,300
243,715
taxes**
258,100
322,100
996,500
42,700
53,450
161,950
179,425
$537,110
$648,084
$2,050,401
$1,958,377
prof, taxes*
558,885
**
*
income*****
(net)____
62,103
49,614
228,351
135,785
$599,213
income
$697,698
$2,278,752
728,748
$2,094,163
191,474
+
-
■
204,316
*********
795,922
-
1
income
542,151
inc.*
199,350
225,253
than
income
$8,330,441
3,528,160
207,900
—*
income
$8,990,181
1,032,218
$2,261,131
723,560
124,269
$407,740
™
.
$493,382
$1,550,004
....
..
,
$1,298,241
Dividends:
CUm.
preferred
Common
—V.
5%—
6,783
6,783
27,135
27,135
262,198
,
262,198
*********
165, p. 2418.
1,048,794
1,092,433
•
,
'
Period End. Mar. 31—
Operating
1947—Month—1946
Operating
$5,813,470 $19,674,603 $16,861,481
7,422
40,968
21,389
__
$6,813,291
$5,806,048 $19,633,635 $16,840,092
5,062,605
4,646,023
15,045,684
836,128
687,351
2,414,382
2,511,485
$914,558
$472,674
$2,173,569
$2,183,329
460,090
1,987,275
**_
revenues
Operating
expenses
taxes
Net
oper.
Net
after
—V.
105,
income
charges
p.
1947—3 Mos.—1946
$6,828,966
15,675
'
revenues
,Uncol. oper. revenue
857,520
*****
2141.
1
$7,454,533
$1,786,743
2,500
2,073,111
•
Northwestern Bell Telephone Co.—Earnings—
1947—4 Mos.—1946
funds
reserve
appropriations ******
Mis'cel, appropriations
640,397
.
******—__**
exc.
Gross
Net
750,450
$6,148,391
1,306,142
-172,976
2,021,285
2,517,291
Income deductions
$283,470
$5,042,358 $52,079,824 $40,381,342
- 6,595,863
34,685,563
30,528,117
170,912
466,450
251,261
6,497
$3,917,773
output
Net oper.
2,385
*$867,414 $10,688,652
259,677
591,902
funded debt
$3,335,081 $17,697,992 $13,977,472
12,281
to
income taxes.
Other
161,250
$1,039,535
-$948,940 *$1,721,777
$7,378,547
$2,753,910
Cr870,392
Cr872,334 Cr3,370,720 Cr3,466,044
Drl5,577
Z)rl7,97l
£>r60,615
£*71,562
*_**—a-
premiums.
1947—12 Mos.*—1946
466,450
stk.
com..
3056.
p.
other
Federal
Northwestern Electric
See
-•
th®
of
ONLY)
105,399
4,735
stock*****
of
50,391,000
Federal
Ry.—Earnings—
$1,803,755
sale
.....
.
Depreciation
19,127
$2,876,774 *$1,553,505 $17,394,261
1,927,$34
168,271
10,015,714
,
the
stk.
Operating
Railway oper. inc.—
Equipment rents (net)_
Company has
.
$4,022,709
notes
Maintenance
$3 374,887
$254,822
tax: accruals**
hold
paid
redemption
1947—3 Mos.—1946
subs.
pfd.
on
Operation
2928.
1947—Month—1946.
buy
com¬
and
dividends
in
from
including
Northern States Power Co.
1946
766,941
—
to
commoa
two
advances
Operating revenues**—.
$1,021,762* $1,041,919
...
deductions
income
Net
—V.
*
its
on
these
bank loans.
Upon com¬
these loans outstanding
indebtedness compares
with.
.
corresponding week last year,
1, 295,006
148,317
233,105
378,808
98,815
1,407
*
—
incom®
American's
in
its
(COMPANY
Northern States Power Co.
""
income
Illumi¬
of
This
capital,
Co.
Period End. Mar. 31—
133~60O
profits tax payable)
Electric
annum
the-
on
substantially
on
Pa¬
bank loan
Electric
925
excess
North
per
proceeds
reduce
STATEMENT
taxes
on
'totaled
'
"
349,312
of
of
income
—V.
■.
(INCL. SUBS .)-
19,919
—
dividends
and
warrants
balance
million.
income
share
trans¬
"
the
the
***—_**__*
common
year.
sole
18,593
'NOTE—The pro forma" statement ©f income has been
adjusted to
fixed charges on the basis of
parent company debt of $22,425,-
Co.
preferred
Light Co. for $11,250,000
further
,
Balance
end
103,405
———
**_***-*_.**
income
Income
Int.
16,703
$8 !4
El.
&
notes
Dividends
final
this
this
$3,533,510
1,447,367
163,902
245,000
399,960
—
—
income
Total
,Gther
■
stk.
On
to &
outstanding
1947
———
taxes
'Other
Net
—
4%%—.
reflect
the
"to
their
earnings,
the
on
filed
was
$1,020,355
40,932
1,928,905
con¬
return—.—.,
requirements
revenues
(oa
Net income if consol. returns were
not filed***-***-*** ***********
tax
Trust
31—
750
111,443
taxes
later
MONTHS ENDED MARCH 31
Actual-
$2,749,916
149,670
Separate return)1,
Credjt resulting from filing
Actual
132,455
income*****
income
1946
to
stk. of Wash-
Other
in .November,
program
Commission
Bankers
•Railway oper,' revenues $11,327,085
Railway operating exps.«
8,450,311
$2,835,264
$2,702,175
solidated
12
Period End. Apr. 30—
$2,835,264
132,455
taxes other than Fed. inc.
for Federal
Service
a
Gas
applying
stock
than
Gas
Interest:
are
submit
to
appointed
Norfolk & Western
1947
Pro Forma
Expenses;***
basis Of
SEC
Co.
holdings
our
Power's
periods.
City
p.
*
$1,822,674
'
Total income*—*—*—*
Prov.
has
March
property
Federal
1,101,919
,*** —
12 Mos. End. Mar. 31—
deductions' from
stock
hopes
security taxes*—*
Capital stock taxes
$99,972
'
Other
the
for
Cleveland
1947.
share
a
of
exercise
transaction,
Other
,
$1,897,486
this
com.
cific
for
2,313,358
STATEMENT OF INCOME (PARENT COMPANY ONLY)
Frov. for
before
it is working on plans to refund
company.
It
New York Public
Ended
Excise
$2,413,330
—
Balance after pfd. div. requirem'ts
•>:
preferred
Social
of
return—
surplus.—
Real
.
8,626
returns
*
Preferred div. requirements at 4 V2 %
'i
168,004
.u-y*
Credit, resulting
old
corporation
Year
-
basis.
1,831,473
Net
the
of
Depreciation
1,752,274
167,966
$3,728,959
Fed.
corporation's capital
State.' This constituted"
of
cents
Ry. <& Elec.
an
affiliate***
Co.,.
On
effective.
the
quarter
The
of
to
North.
compared with
the first quarter
receive
to
cease
disposal
subsidiaries***—
Per
the
Operating
Operation
$4,342,235
6,149
deductions
income
Prov.
of
Maintenance
debt
debt discount
reduction
the
EARNINGS
Electric Association:
'■
for
is
fer agent and dividend disbursing agent for its common stock,
■
.
is
Electric
com.
-Recapitalization Plan
now
figure
County Gas
of
1947,
31,
respective
stock
consolidated
applicable
share
a
ington
Total
corporation
the
of
March
,
Int.
recapitalization
Power's
dividends)
cents
company
will participate
first quarter of this year.
Period End. Itfar, 31—
'Income—•
Federal
165,
&
in
39
at the price of $15 a share.
Company has continued
quarterly dividends, shares of Pacific Gas and Electric.
stock, reducing its holdings to 137,742 shares as of
retirement
of
York
New
years.—V.
to
as
less
the
2928.
two
were
PROGRAM—Company has sold the stock of St. Louis
American
of
.
material
of
ago
Dividends:; On stocks of
prepara¬
-
.
Light
out
will
39
who
INCOME
.
with
$4,551,070
New England Gas and
.
•"
v
areas,
service
codes,
customers
year
now
no
switchboard
The management states
1
•
dial
the
of
paid
Cleveland
additional
requested to mail their
certificates,;'together with the necessary transmittal letter, to Bankers
Trust Co., New York, to receive the new common stock
being given
'in exchange under the plan.
:
•
1,887,373
$4,535,758
*_—,.*****»
income
\
•
Net
;
in
a
customers
1947.
be
System
Secretary of
proceedings which started
the
in
Holders
1,305,878
for
with
1941.
Federal
*
Other deducts, from inc.;
•
or
Bell
central
are
certificate
step
10,326,016
1,887,373
*
plan
formally
2,280,465
other
taxes
Operating
<
for
first
the
of
Expenses
debt
1
demand
short supply, are being made as soon as this intri¬
received from telephone suppliers.
Within recent
is
new
more
-
;
conflicts
New York Water Service Corp.-
'
""
Actual
12,093,695
—a***-—
retirements
income
Pro Forma
expenses——
Maintenance
STATEMENT
—-1947—
.
12 Mos. End. Mar. 31—
'
applicants
362,000
Is Put Into Effect—
'
4
*
the
serve
anticipated
wider
over,
little
new
been in
apparatus
months,
work
.was
<
eliminate
dialing
war
because
use
which has
cate
tively small capital expenditure-, it was added.
!
to
Installations of
;
rela¬
a
to
the
over
$50,750,000 bank loans outstanding only a year ago. When the
company
began reducing its senior capital six years
ago,
it had $135,136,95(>
debentures and preferred stock
outstanding. Upon the elimination of
present bank loans, company will have applied more than
$143 millioa
telephone apparatus was made for
manufacturing units were producing
war
communication equipment.
Meanwhile, the number of telephones
in the city increased from
1,773,600 at the beginning of the war to
2,277,000 at present and, at the same time, - telephone traffic rose
from an average of about
9,000,000 calls a day to some 13,000,000. ■» .1
plans
been
•double
to
requests .for better graces of
to replace certain central offices how
and
the
will
City's 1'76
part of its
a
for-the
customer
civilian
stated
was
offices
meet
care
basis
to
During
*
the
central
available,
now
service
except
approved by the directors of the Cambridge Gas Co., a
wholly-owned subsidiary, which contemplate the possibility of pro¬
viding gas Of 1060 B. T. U. content rather than the present 528 B. T.
U.,
Tby utilization of a new process using all fuel oil rather than the urescnt watergas process using coke and oil.
In this way It is hoped to
t
are
to
as
step is necessary,
list,
new
fall
the company announced May 22.
designations for a large, number
the company stated, to provide
office
central
new
This
waiting
service,
dividend
common
that,
for
the
on
•
announced
subscribers.
names
recom-
26."
President,
*•
liave
the
on
plan had been completed.
In response to questions
<
: of
first
1,
North
the
among
early
residential
industrial
stock
Cleveland
pletion
office
telephone central
discontinued
the
after the
common
April
Part
as
mor®
a
distributing,
.
.
?
Designations
power
history.
equal
the
Louis
common
Stockholders
the
its
corresponding
Co.
St.
by about
result
of
Cleveland
$3,737,012 $11,465,386 $11,763,612
3,696,385
10,604,958
11,052,149
$3,840,970
—_
charges
of Expansion Program—
Common Stock
—
income
oper.
after
To Discontinue 20 Central Office
of
adding
satisfactory settlement of long-disputed claims and counter¬
claims involving Illinois Power Co.
Company has offered about 93%
of the holdings in Cleveland
Electric Illuminating Co. to North Ameri¬
can
stockholders, through rights permitting the purchase of th®
$79,728,385
20,924,304
_
——
a
reached
14.5,179
4,925,947
revenues
expenses
after
reduced
in
ended
during
County Gas Co. to Laclede
Co.
Net
■
May Receive 20 Cents Each Quarter—
The
59,886
and
to
year.
In stating Light &
dividends currently accrued
for
The
DIVESTMENT
1947—3 Mos—1946
each
American
that stock
DATE
■
of
Declares Initial Preferred Dividend
t
TO
■
Operating
Operating
97,817,000
for
1947—Month—1946
Oper.' revenue
Operating
electric
kwh., or
corresponding
the
YEAR
The
ago.
of
was
was
12. months
holdings of
as
panies.
*^$29,751,107 $27,100,026 $87,626,587 $79,873,564
revenues
be
shares
AND
sales
proportion
which
company
stock
before
ever
of
in
North
stock
..
..
reports
5,502,875
May is reported at 664,826,000 cu.'ft.,
cu. ft.,
or 17.25%; above production of 567>
corresponding month a year ago.
of
ft.
cu.
53,888,335
,
output for the month
increase
an
production
year
ago..
Association
increase
an
"
End. Mar. 31—
Operating
output for the June 6 week is reported' at 131,583,000 cu.
ft.,
an
increase of 5,010,000 cu. ft., or 3.96% above
production" of 126,573,000 cu. ft. for the corresponding week a
MARCH
commercial
showing increases
Electric
holdings
made
that
its
of
will
to
before,
The
year
is
of
The
on
FOR
than
the
cents
nating Co.
along the lines set by the Commission.EARNINGS
amounts
companies
our
statement, no longer given on a consolidated basis,
earnings of North American Light & Power Co. and
part
for
a
15
capital
to
rate
(no
cents
all
«f
;
tremendous
with
to
sales
ever
American's
stock
proceedings
its proposal
modify
during
(Union
year.
subsidiaries.
provision
...■■•
last
include
American
Commission Rejects
electric
earnings
not
North
"
standards
supplying
8%, respectively.
higher
a
its
New
The
service
companies
property in Western Kentucky, first quarter sales of whiclx
below a year ago because of the acute
shortage of railroad
January and February of this year, recently has been producing
The
does
present
the
electric
electric
coal
in
cars
York P. S. Commission on June 12 refused to
approve in
form the application of the company for permission to sell
$125,000,000 of new 35-year d»»-.entures.
'
its
■
be
in
of
4%
were
1,064,989
Financing Plan—
H.
will
Telephone
records
groups
production.
continuing,
is
customers
new
above
$3,774,455
88.490
(net)
were
goods
tiend
quarter
24%
$3,668,545
10,417
revenue
they
war
greater than
and
earnings
New England Gas & Electric
Association—Output—
For
$300,030
int.
Dividends
SEC
John
shares
York.—V.
New
the
Ballantine
D.
Ballantine,
through Drysdale & Co.,
First
was
with
3,000
were
3,731,523
income
New
notification
of
when
for
12%
3,672,000
mtge.
on
Net
r
of
on
347,539
268,360
four
able
reserve
294,500
income
Other
Neptune Meter Co.—Files with SEC—
company
1,246,557
287,861
270,132
-
**
the
their lines monthly.
Commercial users
employing many applications of electricity which were not avail¬
during the war, and householders are using more electric
appli¬
ances
for
comfortable, clean and economical living.
$31,229,903
17,646,951
15,203,699
3,405,266
5,435,760
3,166,748
3,190,376
at
Int.
construction, $20,236; capital surplus, $318,685;
earned surplus, $2,265,640;
total, $12,191,494.—V. 165, p. 2928.
The
-
of
new
1947.
are
$31,592,874
300,000
oper.
Gross
debt,
current
aid
1,449,394
expenses—
taxes
retirem't
Other
$6,985; other accrued interest,
and
accrued
liabilities,
$24,687;
consumers'
line extension deposits, $79,732; deferred
credits, $415,263;
retirements, depletion and amortization, $4,397,176; con¬
and
reserves
$2,482,550
of
sales
of
upward
Our
$12,191,494.
outstanding
on
other
1945
than
1947—12 Mos.—1946
$2,607,477
appropriations
LIABILITIES—Capital stock (par $5), $2,224,363; outstanding debt,
$2,080,000; accounts payable, $196,$61; dividends due security holders,
•{contra), $4,161; taxes accrued, including Federal income, $136,559;
„
Co.
This
Inc.—Earnings—
1947—Month—1946
,
revenues
Other taxes *——
merchandise,
$56,687;
in
Period End. April 30—
Operating
Operating
established
quarter
required
deposits, $21,703; accounts receivable, $333,791; accounts receiv¬
subsidiary companies—not consolidated, $3,610; interest receiv¬
company—not
charges
Co.—Quarterly Report—
Missouri, Wisconsin Electric Power Co., Potomac Elec¬
tric Power Co.
and Cleveland Electric
Illuminating Co.), which hav®
comprised the North American System were 18%
above a year ago.
These sales were within 4% of the record first
quarter which occurred
165, p. 3056.
New Orleans Public Service
special
able—subsidiary
income
oper.
after
—V.
ASSETS—Property,- plant
and
equipment,
including
intangibles,
$10,917,219; investments in subsidiary companies—not consolidated,
$86,390; cash, $270,240; special cash deposits (contra), $4,161; other
able,
Electric
$0.20
deductions—
companies
first
Kilowatt-hour
$119,039
17,286
the
$40,893,781
8,420,272
976,889
36,557,245
916.661
_
expenses
1947—5 Mos.—1946
$8,973,826 $41,606,806 $39,440,941
2548.
p.
Shea, President, reviewing the first quarter
operations states in
part:
Our
Net
Other
1947—Month—1946
$8,671,979
165,
North American
1947—4 Mos.—1946
$11,019,499 $10,606,791
—_
May 31—
Sales—**
3055.
p.
11
(J. J.) Newberry Co.—May Sales Off 3.4%—
to "be
final
to
(3171)
taxes
—V.
47,701
27,100
••
on
deducted
*
Total
with int. at rate of 2%%
the basis of such adjusted fixed
annum
per
Pacific Power &
12,145,279
2,137.049
■
Co.—Merger Approved—
Light Co. below.—V.
165,
p.
2418,
Nutrine Candy
Co>~Stock Offered—An underwriting
group headed by Stifel, Nicolaus & Co., Inc., on June 12
publicly offered 100,000 shares ($1 par) common stock,
at $8.50 a share. Net proceeds will be received
by cer¬
tain selling shareholders.
Capitalization
common
stock
of
the
scares
consists of 400.000
and outstanding.—V. 165, p.
company
authorized
2674.
($1
pari
12
THE COMMERCIAL & FINANCIAL CHRONICLE
(3172)
"Monday, June lKi.947
4*
Oak Mfg.
«-«•
Pacific
Co.j Chicago, III.—Partial "Redemption—
Indemnity Co.—New Vice-President—Results
X J.*
'7
r\;v
Pennsylvania Power & Light Co.—Earnings—
for First Quarter— -
company has called for -redemption, on Aug.. -1: 1947,' at 103 Va
interest/ $200,000 of 10-year'-5% .sinking fund . convertible debenx ,tares
due April i.-> 1955.
Payment will be; made at the City National
Jt .iBank.
Trust
Co., trustee, 203 So. La Salle Street,. Chicago, 111.
.i-arrV.' 164, p. 2156.
,
The
•«, m;
and
J.
T.
Blalock,
Assistant
General
Counsel,
President.
has
~
Operations
during
the
been
Y.
elected
-Period End. April 30—
-
first
quarter of 1947 showed that premiums
increase of $859,139, or 24.89% over the
corresponding period of 1946.. Net premiums
written, after deducting
reinsurance
ceded,
totaled
$4,010,171, an increase of $732,556, j or 32.35%.'
'
"
*
1
*.
'■*
.
written
,
Ohio Edison Co.—Earnings—
totaled
$4,311,149,
.
^'tiross
1,631,406
I ?rovv for depreciationsof
'Xr- acquisition
inc.
and
prem.
"
168,866
debt
debt
of
3,343
$584,215
80,541
$503,674
stock
pfd.
on.
80,541
$536,355
I Dividends
.
—V.
$6,055,623
The
for
company
filed a letter of notification with the SEC
preferred and 2,000 shares (no par) combe offered at, $103 a share and the comUnderwriter, ~ Conrad, Bruce & Co;,1 Seattle.
June
on
Net ,oper.. revenues—
The
mon.
,;mon*at
$20
used
be
betterments.—V.
148,
reimburse
to
for
company
extensions
and
at
;
"
outstanding.
''"The "Chronicle"
''
to
made
;i
for
Parliament
has
this
been
approval
obtained,
where
and
when
to
further
been
the
the
of
company's
in
send
advised
their
that
will
mentioned
above
for
when
and
notified
be
will
exchange.
There
are
•
35,197
shares
outstanding.—V.
presently
165,
of
to
for
Securities
Overseas
assets
net
market
the
of
be
quotations,
amounted
to
$2,697,426.
This
as
equivalent
was
debentures, as compared with $3,364
the
outstanding
capital
standing
$14.27
debentures
Dec.
on
$3,166
to
Dec. 31,
on
the
par,
net
$1,000
per
share
per
equivalent
were
to
$13.07
of
with
1946.
V
of
from
Interest,
Total
investments—Dividends
Net
$22,295
312
78
_.
income
$29,001
-
$22,373
7,893
—
Expenses
11,288
1
.
income
Interest
1946
$28,688
$21,107
$11,085
10,650
First National
to
of
for
the
delivery
or
on
&
Northwestern
Light
of
$115
Co.
under
share,
a
Collection
31.
stock
p.
r-v.
& JLight« Co-
shortly after
16,
June
165,
the
plus
into
1
r'<
Balance
'Net
;"'i*Net
11
I
profit
from
$10,457
sales
income
Contingent
Net
securities
of
98,503
$108,961
of
31,
$268,888
1946
securities
on
and
March
BALANCE
deprecia¬
net unrealized
a
securities
owned
$613,625
(cost
based
made
with
$13,850
on
deposit
interest
market
on
MARCH
and
$2,663,415)
been
at
31,
$899;
for
quotations
'*
1947
matured
dividends
at
revenues
revenue
Rent
from
Other
the
depositing
by
the
J
1
Net
interest
'
collateral
as
total,
debenture
deductions
May
1,
1947;
value
to
Net
$2,938,238.
—V.
Organics,
of
Aug.
1,
Union
Principal
1948-59.
National Bank,
who
of
pay¬
the
AND
about
I960
in
Delaware
in
the
March
the
organized at Malvern,
in about 1903, where
now located.
The company was incorporated
1931.
Originally the company was engaged
moved
are
30,
manufacture
tinued
of
BUSINESS—Company
and
plant and offices
of
to
of
screen
furniture.
distributes
company
force.
its
UNDERWRITING—The
Hill,
E.
L.
In
doors
1930
and
the
company
began
the
&
names
Lanford,
manufacture
and
and
veneer
furniture
bonds underwritten
Crawford
Southern
Ark.,
discon¬
manufacture
,
The company is
enegagad in the
furniture and in the manufacture
number of
was.
Benton,
doors.
screen
manufacture
The
of
sale
of
products
the
by each,
as
of
and
through its
several
are
sale
Securities Corp
& Co
Villareal
bedroom
plywood.
own
underwriters
sales
and
the
follows:
Inc
$70,000
95,000
35,000
;
STATEMENT
OF
$862,360
31, '46
$1,118,720
560,349
792,848
34,566
,-L
__:
41,462
Cost of goods sold
Selling
expense
General and
24,498
49,311
$242,946
income
Gross
olncome
Federal
~rV.
expenses
income
Other
.
deductions
state
income
1C5,
p.
$235,098
16,845
15,358
$259,791
30,167
$250,456
20,443
91,219
138,331
;.
income
and
i_
income
6,888,679
2802.
against
_:
taxes.,
taxes.,
1
:
■
'
.
/
165, p." 2803.
.
>
-
will
be
business
elected
was
assisted
who
men
by
also
are
President of Angustoraof Pharmaceutical
as
President
the
following
members
scientific,
of
the
pro¬
board
C.
ol
of
Hoiser,
author,
Manufacturers
the
Manager,
medical
and
Rockefeller
consultant
member
Foundation
pharmaceutical
National
division,
of
the
National
Research
Council,
George Miller,
Standard Brands; John H.
for
20
years;
President, Bulova Watch Co.; Henry A. Schatzkin, banker;
Harold Otto; William J.
Wason, Jr., President, Kings County Trust
Co.; and Dr. Leslie J. Gultcn, President, Gulton
Manufacturing Co.—
V. 164, p. 13.
Dr.
including
other
$2,052,306
3,545
deductions
Pittsburgh Rys. Co. and subsidiaries
railway subsidiaries)
14,660
$2,316,999
1,663,125
Period End. Mar. 31—
6,159,307
$2,195,029
248,050
1,603,737
;
Operating
Operating
;—
1947—3 Mos.—1946
revenue
Maintenance
250,033
Rctirem't
deplet.
of
Amort,
& res.
leaseholds
of
elec.
acquisition
Net
Ended
March
1947
31—
I
Other
1946
62,790
68,232
251,158
68,750
907,303
3,129,003
882,379
3,441,664
5,799,103
3,495,273
L
1,717,894
1,280,330
and repairs
Depreciation, depletion and amortization
Taxes (other than Federal income)
81,455
173,757
160,240
133,199
$1,059,403
$880,009
14,466
(net)
$5,820,917 $15,690,974 $16,363,191
Brl 19,042
Dr594,223
Dr544,897
£>rl95,059
58,222
219,666
$5,776,106
*
$2,525,519
revenues
^
Maintenance
Net
income
Other
income
from
operations
1947—12 Mos.—1946
1,122,606
revenue.
income
street
taxes
898,749
oper.
other
plant
adjusts—
income
by utility subsids
$713,262
and
$19,673,534 $16,282,567 $63,538,560 $59,861,288
8,461,980
5,756,760
23,709,899
22,807,325
1,102,863
851,241
4,232,165
3,587,732
2,246,841
1,995,421
8,030,753
7,737,388
1,600
315
2,945
2,526
expenses
♦Other taxes
'
-2—
Gross
income
Income
Net
$5,581,046
deductions
Consol.
$3,462,273
in
net
$5,701,874 $15,096,751 $15,818,294
2,163,031
7,441,214
7,563,732
2,118,773
income.
Minority int.
$3,518,843
$7,655,536
474,335
451,476
1,723,260
$8,254,562
1,711,460
income
income
Federal
$5,932,276
$6,543,102
6%
pfd.
stk.__
736,710
736,710
1,473,420
1,473,420
on
$6
pref.
stk.
150,000
150,000
600,000
600,000
$5
pref.
stk.
67,335
67,335
269,340
269,340
pfd. stock.
395
395
790
790
stock
648,831
648,831
2,854,856
2,854,856
on
53,782
income
50,575
Divs.
on
taxes
370,500
311,600
Divs.
(estimated)
$651,424
preferred
on
$3,067,367
on
Divs.
income
Net
Dividends
$2,987,938
Divs.
$894,475
income__.
from
for
16,303
$1,075,706
^
stock
of
subsidiary
22,287
on
common
♦Provisions
,$532,300
.
23,437.
,
.
5%
period
~rV.
net income
share
per
164,
to
surplus—
"
$627,986
$0.48
Corp.—Earnings-
Quarter Ended March 31—
*Net
of
1947
and
1946
$4,000
income
Net
depletion-.
8,000
8,000
$4,000
Tin
and
relating to
expense
sales
$6,000
made
other
charges
loss
war
by the
excluding
but
items
and
income
of
recoveries.
Quarter Ended March 31—
of
Average
The
metallic
price
figures
damage,
output
June
7,
kwh.,
165, p. 3058.
—V.
of
this
company and its subsidiaries
amounted to 127,019,000 kwh., an
1947,
or
6.3%
over
the
corresponding
were
fol¬
as
given
which
1947
pound
per
above
totaled
do
include
not
35,900
66.2£
53.90
tin_„
of
$219,000
1946
67,959
sold
tin
received
in
the
cost
the
of
repairing
quarter
first
for
of
1947
Months Ended March 31—
1946.
of
1947
Operating
89,700
39,412
5,664
...
$211,847
122,863
42,373
■;
5,002
taxes
Depreciation
9,000
Debt
Income
discount
and
$68,726
9,219
earnings
Interest charges
9,000
$36,620
Net
war
1946
$216,522
Operating expense
and
The net loss for the first
quarter of 1947 was caused by the shortage
of electric power
(largely the result of a strike at the collieries in
Malaya), which made it necessary to reduce the operations of two
dredges to one-third of capacity during January and to suspend them
entirely during February and March. Both dredges resumed production
on
April 9.
As from
of
A third dredge was brought into production on April 23.
April 2, the Malayan tin price was increased to the equivalent
about
75.7
Pan
cents
pound—V.
per
American
165,
1459.
p.
30,574
71
514
9,186
11,140
$18,142
$26,497
expense
taxes
Net
—V.
income
165,
Philco
Mileage
-
$91,682
$138,404
'
•
Corp.—Earnings—
Mos.Ended—
3
Mar. 31,'47 Dec. 31,*46 Mar. 31,'46
$50,187,000 $49,132,000 $14,218,000
4,527,654
4,436,099
♦2,569,471
1,300,000
Sales
Income
Passenger
—
1771.
p.
before
Inventory
Airways Corp.
the
increase
week
Philadelphia & Western RR.—Earnings—
3
Maintenance
corporation and its subsidiaries
lows:
Pounds
electric
ended
7,545,000
Gross revenue
taxes
months'
$2,000
loss
After
12
Philadelphia Electric Co.—Weekly Output—
The
week
Pacific Tin Consolidated
Federal and State' income taxes for the
March 31,
1946, have been adjusted, for comparative
for provision applicable 'to other periods.—V. 165, p. 3058.
$510,012
$0.64
"
common
on
2961.
p.
for
ended
purposes,
taxes
reserve
______
Taxes
1,617,900
2,363,250 Cr2,500,000
The corporation
reports passenger miles flown in the March quarter
totaled 343,538,000,
an
increase of 30%
over
the 1946
period, and
comparing with a total of 345,353,030 in the preceding quarter.
the
In
week
ended
May
trans-Atlantic passengers,
the
25
or
a
daily
company
average
Pearson Co., Inc.—Calls
5%
All
of
ferred
next,
the
outstanding
stock,
at
Indiana
series
$25
A,
shares
have
share
per
National
and
Bank,
of
been
carried 724 eastbound
of 103.—V. 165, p. 2674.
Conv. Preferred Stock—
5%
called
dividends.
convertible
cumulative
for
redemption
Payment
Indianapolis, Ind.—V.
will
156,
pre¬
on June 28,
made at the
be
1155.
p.
Net
income
Earned
per
♦Loss—V.
The
right
common
to
additional
The
share
common
Exchange
stockholders
subscribe
on
are
of
on
common
stock
June
of
before
or
was
record
June
stock
quoted
for
ex
June
at
30,
have
9
each
per
shares
on
the
share,
for
one
held.
New
York
at
the
become effective.—V.
165,
of
J.
P.
p.
2929.
Morgan
with
the
& Co., Incor¬
offering
has
.
(J. C.) Penney Co.—May Sales Increased 20.15%—
165.
1947—5 Mos.—1946
1947—Month—1946
$61,659,213 $51,317,777 $262,900,570 $230,628,013
n.
2674.
Nil
!
;
•
Phillips Petroleum Co.—Partial Redemption—
,1
The
"Y(
1
'1
called for redemption on July 15, 1947, through
operation of the sinking lund, $500,000 of its 2%% sinking fund
debentures due 1964, as announced by Frank
Phillips, Chairman of-the
Board, and K. S. Adams, President.
Payment will be made at .101 and
accrued interest to July 15, at the Manufacturers Trust ,Co., trustee,
company
has
St., New York, N. Y—V. 165, p. 2675.
-iic-ti
j
X '' '
Pitney-Bowes, Inc., Stamford, Conn.—Annual Report
In
for
its
annual
the
the
'
t'
'
report mailed to 5,200 stockholders and
reported net
ended March 31.
company
year
Walter
office
porated, 23 Wall Street, New York. N. Y.
The
registration
statement
in
connection
*—V.
.
the
ees,
Curb
*$69',471
$1.44
,
M
the
given
"
$2,072,6'49
$1.10
share
2929.
income of $1,015,216
or
I
I '>
2,200 employe
$1.10
a
share
1
5.
exercisable
Sales—
p.
.
been
$33
ten
rights
$1,609,754
common
165,
•;
Peninsular Telephone Co.—Stock Offered—
Period End.
May 31—
after
'
'
Philadelphia Co. (& Subs.)—Earnings—
$3,238,659
Rights
Net
Net
admin,
above.—V.
May 29
on
He
with
was
55 Broad
Year End.
Jan. 31, '47 May
sales
.
Holmes, who resigned recently
Victor
(Not
INCOME
8 Mos. End
Net
.
Ballard,
Portland.
$783,499
Months
3
Operating
Operations
1947—5 Mos.—1946
$3,603,472 $18,507,829 $16,917,712
$112,000 in the first quarter of 1946.
ments.
HISTORY
3,195,931
$3,004,600
1947—Month—1946
.......
Corp.,
Inc.
and
General
Pacific Public Service Co. (& Subs.)—Earnings—
and
Little Rock,
1, PURPOSE—To provide funds for the purpose of completing a modern,
fire-proof veneer plant, making certain capital improvements in the
furniture
plant,
retiring a short-term bank loan of $100,000 and
reimbursing the working capital for moneys spent in capital improve¬
Ark.,
1,980,000
"
directors:
165, p. 2929.
Estimated
,
payable
serially
at office
Andrew E.
$8,211,613
income
payable),
loans
$134,000;
due
payable
trustee.
period.——
$5,145,4811
Chesapeake & Ohio Ry.
1946
-
plant
of
in¬
$5,156;
(securities
Owosso Manufacturing Co. of Benton, Ark. — Bonds
.Offered—Hill, Crawford & Lanford, Inc., Little Rock,
Ark., and associates on May 27 offered $200,000 5% 1st
(closed-end) mortgage bonds at 101V2 and interest.
(F&A)
See
♦Federal
*
Dated
31,844
$6,200,53*
•<-
Pere Marquette
Ry^-Merger Effective—
-
wupperman
through
1
$9,083,708
_■
(net)
and
Depreciation
interest
175,298
$7,125,481
Pharmaceutical Organics, Inc.—New President—
-
Northwestern
Bank
National
First
cash
a
April
from
r
.
Association
paid-in
Arkansas,
for
*
'
.
i,
Amort,
debentures, due April 1, 1948, $474,000; capital stock (par $1), $141,151;
surplus, $3,386,870; profit and loss deficit, $1,682,595; total,
$2,938,238.—V. 165, p. 1732.
loans
$613,625),
6,159
$777,278
$3,885,136
Dr.
obtain
may
dividends
income
Gross
Earnings
pledged,
4,183,700
1,180,369
<
company had 134 stores in operation in
May, 1947, as
in the
-corresponding month last year.—V. 165, p. 2675.
.....
preferred stock who do
stock
of
Pacific
revenues,
lease
income
(quoted market
value of
due for securities bought but
not received, $21,275;
sundry accounts payable and accrued expenses
(including $13,850 matured debenture interest), $18,461; accrued in¬
terest on 5%
debentures, $7,875; reserve for directors' compensation
lor 1946, $50,484; contingent reserve for directors'
compensation for
1947, $8,717; 5% gold debentures, due Nov. 1, 1947, $378,000; 5% gold
securities
23,693
$739,581
income
fessional
$2,446,624
operating
Deductions
receivable,
market
quoted
pledged
expenses,
; \ .LIABILITIES—Collateral
1,041,000 s
1,046,792-:
..
The
; 130
1947.
1947
Total income
OF
have
prepaid
.
Divs.
owned,
AS
accrued
810,000
84,846
...
construc-
Sales
:.
...
have.
$396,423
1947.
SHEET
(incl.
valued
$2,891,797;
31,
67,500
84,238
2929.
Operating
Provision
ASSETS—Cash
terest), $40,386;
at
34,472
$100,244
.
NOTES—During the period there occurred
tion
$430,895
8,717
_
provision
income
Dec.
$435
430,460
,•
$1,155,965 $11,596,975 $15,598;732
232,500
2,790,000
3,024,976
.
deducts.
Period End. May 31—
•
Pacific Power & Light Co.—Earnings—
——————
■
.1,728,875
.
Peoples Drug Stores, Inc.—May Sales Up 7.8%—
"
preferred
terms
merger
accrued
be
may
certificates
.
7%
Co.
stock
12 Months Ended March 31—
..
•.
Net
(Oregon), transfer agent
preferred stock are expected
new
Electric
their
convert
—V.
'
.
int. 1 and
chgd. ' to
tiom—Cr
Portland
Bank
Certificates
for
of
10,650
debentures--
on
debentures.^....
charge^
_i
Int;
converting said shares, into an equal
preferred stock of the company, with
and . dividend adjustment from May 1
new
share
per
'
Power
1947, the effective date of merger agreement. This privilege
open
until July 15, 1947.
Present certificates may be
wish
Net
STATEMENT, 3 MONTHS ENDED MARCH 31
1947
Income
7
Other
.
INCOME
bonds—
mage,
on
'
■
••'-1
-"
the
$5
of .Pacifio
kept
The
Holders
of
out¬
compared
as
stock
ers—.
not
After deducting
1946.
assets
on
Int.
Special
of Portland, in Portland,,Ore.,
funds: will have been deposited for
\
of
of
Operating
stock
31,
at
3,030,838
1,728,675
.
.
$1,190,126.
232,500
67,500
"
"
Bank
_
preferred
shares
preferred
of March 31, 1947, based on
deducting
the
outstanding
debentures,
before
necessary
7%
ready
May
Co., Inc.—Quarterly Report—
company
National
the
conversion.
to
ment
The
•
r
be
sent
Power
2005.
p.
s
3,240,617
,.
$1,151,498 $11,470,496 $15,522,296
4,467
126,479
76,436
;37,145
income..!—
Gross
,
Northwestern Electric Offers Cash to Preferred Hold¬
application has been
shareholders
shares
outstanding shares of the capital stock
Co. entitled to vote thereat), at $115
preferred stock redeemed, plus in each case
dividend at the 1 ate of 7% per annum from May 1,
1947, said date of redemption,- Such' redemption will
First
payment
L
.
,,
has
(net)—
,,
Light
The
of
to May 31,
'
p.
and
&
extended the privilege
been
number
-
by
issued
Power
redemption.
Holders
cash
the shareholders on April 3, last, to
increase the authorized capital stock, no par value, from 40,000 shares
to
160,000 shares and to issue four shares for every one presently
given
was
income
"Dividends applic.
bank
which
such
Ottawa Electric Ry., Ottawa, Canada—Split-Up—
Authorization
the
of
Pacific
made
with
1177.
p.
the
be
(
2
share.
a
will
"Proceeds
$1,062,981
Other
declared,
3079, •
•
for each share of said 7%
($100 par)
preferred is to
1,000 shares
.144,056
was
said
of
Ithe aiupunt of a
1947, to Aug. 1,
Oregon-Washington Telephone Co.—Files with SEC—
:1-
258,675
144,056
pl^ht
7% preferred stock,- the holders of whioh voted
to pfd. stks.
of that certain Agreement and Act of ConsolidaBalance
tion and Merger between this company and Northwestern Electric Co...\
'.—V. 165, p. 2674.
dated April 17, 1947 (which
agreement was adopted at a special meet-.;
ing of; stockholders, held May 23, 1947, by-the vote of more than
of
i
"
shares
two-thirds
$3,839,836
2802.
165, p.
295,897
elec.
28,401,34®
1,768,657
1,492,009
5,542,108
1,564,803
against the adoption
.
.
Balance
AH
1,,,
.
.
.
573,607
156,819
"
*
,.v_.
company has called for redemption and will redeem, on Aug. 1,
certain of the outstanding shares of its 7%
preferred stock,
1947,
namely:
129,690
$7,022,093 ! $4,824,070
" 966,469
984,235
The
.
566,263
76,444
9,087
$616,896
regular
~
,
.
.
*
■;
of. 50
.
2,004,523.31,589,510
471,963
127,059
1
adjustment^—
of
acquis,
Int.
$7,682,577
2,162,553
361,676
29,398
31,649
expense—
income
Net
172,067'
«
;
taxes.
^Amortiz.
; Pacific Power & Light Co, — To Redeem All
Unex¬
changed Shares of 7% Preferred Stock—Exchange Offer
Extended—Merger Ratified—;.,
v
I;,..
' *
-
disc.,
deductions
Other
5,095,315
"
during the first quarter in "this'amount of' $550,052'
to policyholders decreased, in the amount of
quarterly dividend
cents per share
payable July 1 to stockholders of record June 15.—V.
162,
2,841,342
$9,509.234
2,049,022
$794,768
$820,755
.
long-term
on
Amortiz.
3,012,066
624,39lj
1709,701
—j
income
Int.
+
'■
j-
excess
tax
Gross
The
1,566,812
'
4,777,430
f
1
&
-
1,068,960
55,000
80,560
increased
to
$28,164,169; surplus
$74,893 to $11,612,946.
14,410,128
3,387,024
3,247,920 ;
283,762
-
plant
taxes
Federal
profits
278,416-
.
adjusts—
(general
;
■
Assets
$34,983,199
$3,016,300 $39,812,421
1,258,379 * 18,196,811
$3,520,837
revenue
expenses
^Operating
Amortization
1947—12 Mos.—1946
1947—Month—1946
Period End. April 30—
2,639,715
Depreciation
.
"Vj
$4,741,671
"
Federal
an
' 1947—12 Mos.—igf46
$4,289,178 $55,136,209 $51,943,821
.,1947—Month—1946
Operating
revenues,—
Operating expenses-;.;—_
Federal taxes.
Vice-,
a
,
■
H.
Wheeler,
Jr.,
President,
report, revealed
that postage meters on rental had increased 27%
during the year,
while U. S. metered mail revenue reached an all-time high of $235,000,000, or 22% of all postage paid on U. S. mail. The figure, broke
revenue
records for
the 27th consecutive year of the metered mail
system which Pitney-Bowes originated in 1920.
Other
and
the
highlights
worker
the
report:
in
production
the
volume
was
doubled
productivity was returned to prewar performance during
sales were increased 128% over the best prewar year, whils
were held to an average of only 12%
above prewar.
year;
prices
from
writing
*,
i
3V,olume
1
i
165 s-Numfeer 4603
THE COMMERCIAL &
CONSOLIDATED INCOME" ACCOUNT FOR YEARS
ENDED MARCH
'
(Including Canadian Subsidiary)
'•
Net
•
•"\W*-'*•
sales
and
rental
Dividends from
Interest income
•
-
income..:
British
*
.
'!■. Pittsburgh Consolidation Goal -(&
Subs.)—Earnings—
31,
/
'1946;
$9,906,940
.—-
•
1947
•
•
3 Months Ended March 31—
Net
-•
sales,
Total
9,922
$9,928,829
—_———.
product"sold
and
and
for
expenses
Total
Wage
and
7,207,593
385,763
salary
dividends
7,243,317
;
-
,
....
69,063
318,963
.
*$594,168
__
Profit
-
Profit
*U. S.,
-
and
SHEET,
MARCH
Canadian
hand.,
on
and
British
Govt,
securities^.
receivable
on
$1.32
$1,845,050
177,291
1,190,996
163,878
30,319
to
925,000
1,700,145
305,166
of
purpose
•
i
-
74,626
40,000
450,000
2,000,000
2,000,000
718,344
890,498
50^29
$10,095,983
tAfter
reserves
1946.
of
value
"value of
$27,000
641,985 in 1947
and
excess
shares issued.—V.
of
of
165,
in
and
amortization
SReprcsenting
1947
and
ferred
which
those
there
held
capital
in
to
by
Aug.
stock
M.
Marshall,
President,
"Should
,
to
issue
or
the
the
•advisable
increase
increase
be
additional
either
shares
as
such
par
approve
increase
an
from
directors
time
to
time
of the existing series
series, and in the latter
and
will
have
the
as
of
$5
case
board
of
sales
■
fix
operating expenses
Maintenance and repairs
Selling and administrative expenses
...
Taxes, other than Fed.
Operating
Other
and
the
t$0.38
Nil
t$0.36
1,045,500
shares
common
of
567.903
—_
State
543,789
____
inc.
taxes.
the
electric
245,802
of
on
in
income
steel
also
plates
of
t
the
production
intends
Stock
made,
that
the
and
this
water
The
under
the
June
and
shutdown,
ice
1947,
held.
...
Amortiz.
Strike
Loss
of
bond
debt
disct.,
and call
exp.
expense
on
income
Federal
•
Gain
Int.
he
be
$3,849,432
for
sold
Act
"term
debt
to
from
have
not
refundable
portion
of
prior
taxes (net)
arising mainly from unused
profits
subject
quoted
to
Total
carried
Preferred
Common
per
»"i_i
to
earned
surplus
266i957
$1.23
$0.35
tlncludes
share
common
reserve
•average
tion of
of
not
consolidated.
-
funds
redemption
for
of
on
hand, $1,659,445;
accounts receivable
additions
to
Inventories (at the lower
$2,679,512; estimated refundable
por¬
excess
fixed
bonds,
of
profits
assets,
taxes
(net), $345,018;
$54,265; sinking fund for
in
Great Lakes
Steamship
$6,786; investments
Co., Inc., capital stock, $1,303,237; investments in
Neville Island Glass
Co., i Inc., first mortgage bonds,
4V?.%, due April 1, 1956 $700 000' in¬
vestments 'in Emerald Coal
Investments,
solidated
etc;
tization
657;
of
,
and
Coke Co.
Investment in
$112,414;
capital stock,
$360,000; other
subsidiary companies, not con¬
$139,818; land buildings,
machinery, equipment
depreciation of
$7,367,132, reserves for amor¬
$1,614,648, and reserves for depletion of
$44
(at
(after
cost),
reserves
unamortized
for
980),
bond
discount, expense and call premium
prepaid; insurance, taxes; etc., $98,812; total,. $16,964,926.
LIABILITIES—Accounts payable
trade,
*134,853; interest, $20,628; accrued taxes
Income
taxes, $80,648;
due
current
Nov
1
liabilities.
1964
$1,204,825;
$7 605
-
$207 807*
Federal
accrued
payrolls
other than
and
State
-
(non-current), $3,032,000;
3(4%
series'
reserves
for
relining blast
furnace, kilns, etc., $65,162; $5 serial
preferred stock of no par
value
{outstanding 24,?52 shares), seated at
$2,329,523; common stock of no
par value (itesued 621,460.34
shares), stated at $6,124 444- capital sur¬
plus,
$196,150;
earned
surplus
accumulated
714,126, capital stock In treasury,
and
V.
67,586
165,
P.
shares
815.
'
of
-
rev.
of
in
Court
common
since
Jan.
31
1936
$3
-
at cost (30 shares of
preferred stock
stock), Dr$582,243; total $16 964 926 —
business
car
will
be
sleeping
is
18,423,510
railroads
to
June
$66,348,441
1,310,000
1,499,000
$73,307,070
$64,849,441
65,331,269
61,755,593
2,568,998
2,570,833
$5,406,802
-
$523,014
inc.
on
l—:
capital
settle,
assets
of Fed.
833,858
for
taxes
1937
202,906
taxes
on
$5,406,802
2,273,173
income
proceedings—
:—
share
1,235,542
$673,740
*$2,051,252
j.
$0.71
contractual
parlor
revenues.
car
3,229,897
shares
in
share
of
The
tBased
on
total
both
Company
outstanding share
SHEET,
MARCH
Government
securities
and notes
and
cost)
175,458
subsidiary-:
engineering subsidiaries
and
and
W.
459,170
48,260,047
32,334,816
4,396,537
accounts
cost—carrier
at
Manufacturing
M.
(at
receivable.-
car
1946..
$30,924,810 $55,585,066
68,142,500
77,372,723
securities
marketable
Accounts
31
1947
Deferred-payment
16,032,018
Nil
Pullman
years.
BALANCE
u
S.
3,947,787
16,389,046
15,914,736
67,406,389
28,767,576
1,075,655
1,075,655
advances—
Kellogg Co
subsidiaries,
advances
investments
In,
to
(at cost)—£_
investments (at cost)
836,953
57,527
137,509
2,976,000
149,990
Cr2,322,413
34,394,614
6,123,751
32,482,827
665,146
property—
properties
{Carrier
1,772,000
^Manufacturing
687,000
Prepaid
■'
;sif*'' V
1,101,534
engineering
properties
deferred charges
deposits
Deposits
Claim
refunded in
and
expenses
Special
and"
long-
for
other
and
383,663
,
in .closed banks-.
refund ;!of (federal
.
368,529
rT 1,208
■■
taxes ©n-^income.;.;
T'
2,007,470
IS
2,500,000
rt...
TataL"
!
,t.
*$436,303
1,614,948
ASSETS—
Other
■
844,939
_______
CONSOLIDATED
U.
760,540
.
'
—_
tRailroads
of
$1,559,779
1,614,948
per
17,
$10,146,814 $11,165,720
■
31
1946
,
Equipment and
1,223,000
con¬
continued
$2,288,689
and
capital
ex-rights
430,813
1,197,000
-t*
ENDED MAR.
$74,617,070
paid
•Deficit.
1947—12 Mos.—1946
$3,917,479
order
management.
payments
surplus
$2,652,432
$2,694,479
19,974
307,068
$7,,170,814
$6,206,720
L_-
510,042
78,357
Accounts
payable
and
Advance
payments
on
Provision
Gross
Int.
income
and
Net
-V.
316,345
—:$250,948,159 $272,596,477
deducts.
payrolls—
manufacturing
for Federal
taxes
on
Provision
$2,959,500
740,552
$2,714,453
$7,,680,855
742,189
2,,252,550
$1,972,263
$5, 428,305
$3,960,353
for
other
Provision
for
renegotiation
2,324,724
$2,218,948
other
income
165,
$6,285,077
2675.
p.
Electric
tion
output
for
the
of
week
with
the
operating
ended
June
181,431,000
companies
7,
1947,
kwh.
for
Corp.—Output—
served
totaled
the
by
this
corpora¬
215,091,000
corresponding
kwh.,
week
as
year,
increase
an
of
18.6%.—V.
165,
prices
final
completion of the sale of the capital stock of The Pullman
Co.
Despite shortages of steel and other critical
materials, PullmanStandard's output in the first
quarter of 1947' has expanded sub¬
stantially and in dollar value has,more than
doqblqd the output for
the
1946 first quarter.
The tempo of production is
increasing and
should continue to increase
Unfilled
of
order
$270,000,000
deliveries
ironed
the
can
out
This
cars.
the
be
820,116
Federal
ture
of
material
full
related
Other
Air
at
is
now
the
scheduled
rate
equipment,
of
to
were
culties
come
well
'maintained
despite diffi¬
operations during
in materials
procurement and field erecting
first quarter of this
year.
The company's backlog of unfilled orders
April 1, 1947, stood at a peace-time
high of $105,966,000.
The Pullman Co. handled a
larger volume of civilian sleeping car
traffic in the first quarter this
year than in
any comparable period
the
the
company's pre-war history.
tourist travel scored a sizable
and
from
movement
of
armed
Revenue
gain
services
over
from
a
personnel
ishing
point.
Consolidated
working
capital
$52.93
per
share
of
$57.38
per
share
(excluding
U.
S.
Government
poration
lent
A
15,
to
capital
securities
and
its subsidiaries
$30.67 per share.
first
quarter
dividend
stood
stock,
in
the
on
of
1947, and at their meeting
at
and
reserves)
that
approached
book
March
working
date
capital
totaled
on
May 21,
per
share
was
Pullman
unpresented
accomodations,
107,107
2,835,563
deferred
revenue
of
deferred
3,911,415
in¬
tickets
4,685,222
credits
185,695
Pullman
4,392,656
150,666
.
2,103,233
1,235,542
129,195,880
129,195,880
56,151,182
62,023,711
company
$256,948,159 $272,596,477
•Excess
of
cost
thereof
1947.
{After
shares
date
at
of
depreciation
769.883
in
1946.
698,348
in
1946.
resented'by
165, p.
of this subsidiary
acquisition.
tAfter
of
reserve
net
over
reserve
$205,860,062
in
book
value
of
$2,014,998
of
in
1947
and
$197*-
§After depreciation of $45,294,025 in 1947 and
$44,fiAs tentatively determined for 1947 and. 1946,
placed
in suspense subject to
3,229,897
disposition of Federal Court proceedings.
shares
with
a
stated
value
of
$40
per
**Repshare.—
2803.
c
(The) Pullman Co.—March Earnings^Sleeping Car Opers.—
Total
revenues
•Maintenance
All
other
Net
of
cars—
maintenance-
Conducting
General
car
1947—Month—1946
$9,253,148 $12,457,766
3,471,743
3,755,773
1947-
3 Mos.—1946
$28,545,872 $36,848,013
10,171,875
11,437,174
444,569
284,568
1,334,798
6,135,739
12,455,965
18r422,979
732,182
1,836,717
1,951,168
$954,613
$1,389,503
$3,796,747
$3,701,893
450,269
366,217
1,347,223
1,168,217
317,538
299,827
941,323
912,374
$132,731
$66,390
$405,900
$255,843
$1,087,344
revenue
95,229
4,114,'689
616,873
opers...-
expenses
$1,455,894,
$4,202,643
$3,957,736
Auxiliary Opers.Total
revenues
_—
Total
expenses
—
Net
revenue
Total
net
tTaxes
revenue
accrued
735,952
817,024
2,605,841
2,733,261
$351,392
$638,869
$1,596,807
$1,224,475
$654,825
Operating
$661,602
$1,967,7! 4
$1,904,629
43
Depreciation
and
the
cor¬
,
on
income
Cr5,144
2,004
•Includes:
to
Cash
by
paid
533,806
sales
to
amounted
'
2,009,960
reserves
assets
van¬
$99,067,310, equiva¬
,
cents
the
1947.
held
107,932
' 2,500,000
receipts
equivalent
worth
31,
„
50
commercial
but
ago,
$170,957,904,
net
at
regular
year
107,932
2,009,960
Total
V.
275,688
2,645,557
3,805,984
2,500,000
——
conditioning
cluding
of
in
and
tfAdjusted net earns, of The
••Capital stock (no par)
Surplus
than
10,000
fairly
fire
2,707,896
5,120,102
contingencies
casualty liability—
manufacturing and other contingencies
Advance
made.
Kinks in the
supply line are being gradually
Pullman-Standard expects to continue to accelerate
railway freight equipment from now on, aided
by the
steel
supply for the building of domestic
railway freight
of
its
for
uninsured
tax
General. reserve
high
in increasing quantities
freight cars per .month for
the railway car
building industry in July, 1947.
*The operations of The M. W.
Kellogg Co.,-the subsidiary engaged In
petroleum refinery engineering and
construction and in the manufac¬
reaching
gov¬
year.
backlog of Pullman-Standard stood at a record
April 1, 1947, as orders continue to rise faster
on
and
delivery
additional
of
on
employee benefit plans
for
15,059,473
4,199,253
4,159,885
of
for
May 22 said:
on
Operations in the first quarter of 1947 yielded net income of
$2,288,689
(71 cents per share) after
placing in suspense the adjusted net
profit of $844,939 from operations of the
sleeping car business pending
3,921,021
taxes
for
Other
Pullman Inc.—Units Report Record Unfilled
Orders—•
Offer Made to Purchase
Up to 626,000 Shares — D. A.
$36,016,597 $37,216,675
3,885,024
3,758,970
contracts
ernment
last
3058.
p.
contracts
income
Reserves
Res.
Public Utility Engineering & Service
as
Federal and State
income taxes $429
sinking fund payments due in
1947 $150 000'
$65,386; first mortgage bonds
accnied
424;* first mortgage bond
other
and
income
sale
JEarnings
Inc.—Earhings—
throughout the balance
$84,220), $1,692,155;
cos\ or market prices),
prior, years' income and
trustee
117 095
276,937
...*
302,984
123,760
ASSETS—Cash in banks and
{after'
806,845
;
CONSOLIDATED BALANCE
SHEET, DEC. 31, 1946
,
sleeping
income
•The
Crawford, President,
Cr213,932
•Includes $521,771
sold to subsidiary
$86;00o accelerated amortization.
-l
13,000
excess
dividends
dividends
Earnings
the
of
for Federal
Income
the
99,000
years'
credit
tax
1.3,560
43,000
•♦•.-
u.
-
mandate
the
LIABILITIES—
compared
361,000
taxes..
taxes
H
INCOME ACCOUNT FOR QUARTER
Unconsolidated
Net oper. income—
Other income
(net)
122,694
Cr8,597
income
income
its
Court, and until the sale of that business
income
Dividends
$3,917,479 $10,146,814 $10,734,906
■X
sale
under
4.
...
..
depreciation—
refund
on
Net
por-
iv—
disposition
of
debentures
taxes
premium
applied
exp.
'
136,628
188,271
(net)
Federal
for State
Estimated
premium
...
assets
Provision
Provision
for
Investments
taxes
;.t>
v
-
Federal
prior
for
for
court
-
Cash
5,188,608
the
Adjusted net earnings of The Pullman company,
as
tentatively determined for 1947 and 1946,
placed in suspense subject to disposition of
$9,106,137 $28,570,323 $26,766,924
,.
announced
Jan; -4,
the
court
approving
the supreme Court issued
lower
ownership
for' contract
Provision
in
proper¬
prof,
exc.
charge
tion^of
?■'
-
581,394
30,156
District
operation
present
Net operating
common
shall
No
directed,
$3,849,432
Federal
the
to
,
■(Miscellaneous
Special
Court
to
$100.
10
stock
common
6,453,682
Total
decision
a
operations
Securities
17,
share
than
June
on
$10,303,114
periods
in
equally-divided
an
District
April 30, 1947,
Balance
holders of
company,
on
each
less
income of gas,
for
by
States
intro¬
company
hand-to-mouth
1947—4 Mos.—1946
taxes..
affirmed
income
tProv.
from
to
1,
for
Exchange
United
1947
car
of
SEPARATION
PULLMAN
July
to July
debentures
the
Federal
case
CONSOLIDATED
manufacturing plant,
according to an announce¬
before
or
of
Expenses, other than depr. & Fed. taxes
forced
railroad
business
WITH
of
the
Gross
Colorado—Rights to Subscribe—
of
CONNECTION
1946.
Federal
Provision
has
months
IN
the
on
the
4,
Total
1947,
revenues
exps.
ties
444,765
31,088
——
funded
on
.
1947, the interstate Commerce Commission approved the
the Railroad Buying
Group for proposed pooling ,of
traffic, service and earnings in the conduct of the steeping car busi¬
ness
when
it acquires ownership thereof.
Pending further orders
models, Mr. Murphy said:
denominations of
York
Jan.
Res.
Total
Interest
last
purchases
On May' 14,
1, 1947, at par, plus accrued
1947, for 3% convertible deben¬
June 1, 1947, and due June
1, 1962, to the extent of
1,
245,850
1,321,969
114,324
—
the
of
up to 626,000 shares, which
$35,9j5,000.
If tenders are re¬
to
up
Reserves
(net)
each
STOCK
purchase
of
626,000 shares,
Court
of
1947, and
under
range
company
The
range
close
amount of
New
1945-
1,046,924
275,045
of
1947,
31,
order
application
outstanding.
to dates of sale in 1945
'
l,15o!644
'502ioi6
t946|729
will
expenditure
Supreme
Inventories
stock
12,620,500
corporation
an
summated,
"Presteline"
Net oper. income.....
terms
1945
the
excess
returning
*15,910,505
8,618,311
1,006.252
profit
income
28,
1945
$317,792
$
12,028,981
and
Depreciation
at
June
issued
Net oper.
deems
preferrd
to
periods of
OF
of The
company's sleeping car business to a group of 46 railroads.
April 24, 1947, the Department of Justice and other appellants
filed with the U. S. Supreme
Court petitions for rehearing of that
court's aforementioned decision.
These petitions were denied on
steel.
subscribe,
from
be
Oper.
authority
1946
discounts, outward
allowances
Cost of sales and operations:
Cost
record
Operating
"
returns
tOn
annually.
Period End. April 30—
which
Gross sales and earnings, less
1946
•$590,798
Public Service Co. of
Indiana,
on
the
TENDERS
April
1
$449,403
further notice and that all certificates
delivered after
1947, must be accompanied by due-bills.—V.
165, p. 3058.
in
sucty additional shqres wpuld belong/'
INCOME ACCOUNT FOR CALENDAR YEARS*: '
CONSOLIDATED
freight,
corresponding
FOR
On
Inc.—Earnings—
1947
culmination
plate
offering being
presently authorized 60,000 shares,
(excluding those in the treasury and
subsidiary) of $5 preferred stock out¬
shares
as
of another
©X the particular series to
/
in
CALL
Pullman
the
approved,
In
March
on
1946,
are
1872.
p.
until
to
price,
involve
The
$0.91
share
per
of steel, Mr. Murphy
declared, have been received
quantity for minimum production.—V. 165, p. 2006.
right to
The
in
shares
of
the
shares
a
recommending
earnings
Pa., during July,
Ernest Murphy, President.
by
tures, to be dated
June 4, said: "The management is
the authorized serial
preferred stock
at the presnt time in order
to place the
company in a position to take
prompt advantage of any
opportunity which may arise and which may
make advisable the issuance of
additional shares of
preferred stock.
The management believes that
the company has sufficient funds on
hand to take care of immediate future
demands and therefore does not
have any present
plans for the issuance of additional shares of serial
preferred stock.
:
declared
627,667
types
interest
$4,515,666
Increase in Pre¬
—
10
of
$8 principal
asked
the
165,
Contingent upon effective registration
1933, and the making of an offer by the
stock
•
4 will be
from
23,782
1946.—V.
Public Service Co. of
1946.
aggregate
16,
divi¬
amount
same
PROCEDURES
1,793,335
$1.39
credit,
Pittsburgh,
the
lack
and
over
units
shortage
June
sufficient
P. 2549.
Chemical Co.
wholly-owned
to 120,000 shares.
standing,
R.
are
on
in
"Presteline"
now
near
tAfter reserves
$39,774 in 1945.
Stock Proposed—
The shareholders
the serial preferred
of
&
741,819
2,119,997
special
increasing the
100,000
on
Other
$7,604,142
$180,000
$4,911,929 in 1947
paid-in
;
President, on May 23 announced that the board
approved an appropriation for expansion in the
Appliance Division in Chicago for the express
have
will be
due
will
Pittsburgh Coke
:
closing of its McKees Rocks
a
said,
33,695
1,511,921
2,001,698
for depreciation
before
and-$0.84
continued
ment
734,794
,1.824,606
1,834,054
'
__
—
surplus
of
to
located
$979,678
69,448
450,000
inc.
June
total
.
Domestic
three
plan
Total
In
been
DEVELOPMENTS
To Close McKees Rocks Plant—
$7,604,142
$1,000,000
meter
market
112,834
$1,626,650
share
common
Murphy,
directors
company's
-
1,151,160
rentals (net)-:—
($2 par value)
134,044
outstanding..:
profit
1947
Ernest
305,166
l
sinking fund debents., due Feb.
1, 1966—
♦Approximate
per
earned
stocks
common
on
2,24~7~694
5,231,398
90,460
on
$1,513,816
surplus—$2,938,329
the
share
per
on
brings
share;
per
cents
will be prorated 1n the
shares bear to the total number of shares tendered
by all stockholders. Tenders must be received on or beiore 3:00 p.m.
(EDST) June 16, 1947, at the office of J. P.
Morgan & Co. Incor¬
porated, 23 Wall Street, New York 8, N. Y.» the designated
agent of
this corporation.
" '
149
—__—
$1
50
payable
This
ratio, that. 626,000
Increases Presteline Range Production—
91,210
etc.—
.....
Provision for Fed., state and
for'n taxes
Reserve for contingencies
surplus
on
approximately $165,798.
A
......
that
ceived
1,000,000
$2,804,285
of
1947,
years.
will
2,105
,.
926,066
1
{On 773,784 shares outstanding.
662,282
$10,095,983
,
in. 1947. to
far.
dividend
Incorporated;
May. 29,
At their meeting on May
21, 1947, the board of directors of this
corporation decided, to invite tenders of stock from all stockholders at
a price of $57.50
per share and to the extent that stock is tendered at
•
LIABILITIES—
SCapital
thus
-
154,041
„
•Loss,-before giving effect, to tax -benefits resulting
ffom carjy-back
Of'such loss to prior years or application thereof
against future profits.
The tax credit from carry-back of such loss to
prior years amounted
to approximately
$425,000, which reduced the loss for the first quarter
145,717
^
161,258
.
.
Total
payable to banks
Accounts payable and accruals
"
15,856
Net profit after all chgs. and taxes.
Earn, per common shares—.—
Notes
Earned
has
further
a
Pullman
of
of " record
'
131,449
"
transferred to
shares
in
duce
Capital stock
income
•Based
1946
,
22/563
...
JLand, buildings, machinery,
equipment,
Patents, goodwill and
development..
Deferred charges to
operations
Advance
that
816,654
income...1,960,242 ';
Quarter Ended March 31—
1,663,410
—
receivables...
;
Postwar credit of Fed. &
foreign exc. prof, taxes
Estim. recov. portion of
prior yrs.' Fed. taxes
under carry-back
prov. of Internal Rev. Code
Inventories of finished
machines, parts, work
in process and
materials, at approx. cost—.
Investment in stock of British
affiliate, at cost
2%%
declared
four
28,073,852
287,094
1,000,068
_____;
on'
special credit
disposal of properties
•Earnings
31
$827,752
tAccounts receivables-trade
refunds
253,849
44,999,744
—
taxes
Pressed Steel Car Co.,
BALANCE
Other
Tax
dends
stock
stockholders
gen¬
before
Common
•
1947
banks
-
deductions
for estimated
Dividends
income
-.4—$1,015,216
$516,432
Dividends paid
J
525,439
454,800
Earnings per share
—$1.10
$0.57
•Deficit. - tEstimated
recoverable
portion
of
prior years' Federal
taxes under carryback
provisions of
the
Internal
Revenue
Code—
$925,000, less provision for foreign taxes.
in
capital
to
.,
Net
CONSOLIDATED
&
J.
Strike loss, etc. ■___—
Minority interests
:
Net
ASSETS—
admin.
——J_:
i
Provision
tCr910,600
Cr200,000
...
Cash
the
1947,
$32,364,282
t
this;corporation declared
on.
$51,228,550 $32,618,131
———
sell.,
oper.,
fori-depletion—_——
...L.
for depreciatiori and amortization..
Miscellaneous
57,204
•
sold,
expense
Interest
233,273"*
26,379
Operating profit —___—4.^——...
$1,685,216
Provision for Fed., state &
foreign taxes on inc.670,000
Restoration of portion of resv for
contingencies
:
goods
Provision
285,791
262,231-""-
1__u———J__—1
1
of
Provisions
general
expense
$7,251,796
*
selling,
administration—.I—.'
Provision for depreciation and
amortization.....
Expenditures for development and research
»Interest
of
'
.1946
14,150
7,739
eral
income
of
servicing
1947
13
(3-1/3)
'
—
Cost
•Cost
*
oper.
revenues, rentals and royalties $51,113,017
Interest^ dividends and miscellaneous income...
115,532
$7,227,724-
affiliate.::——14,150
FlfiANCIAL CHRONICLE
Deprec.
Payroll
U.
J
March
1947, the board of directors
adjustments
tlncludes:
S.
taxes
Govt,
excess
1
,Cr4,259
•
$519,817
income
profits
"
$551,704
$1,582,374
$1,652,622
50,170
80,972
510,457
513,496
and
taxes—
14
THE COMMERCIAL & FINANCIAL CHRONICLE
(3174);
(George)
The
have
declared
in research and the development in the engineering sciences
the account of Industry and the United, States Government.
In
May, 1946, the business was incorporated in Delaware as Reed Research,
Inc.
At the
time of incorporation the business and assets of Reed
Research were
conveyed by Stanley F. Reed to the corporation in
exchange for shares of its-capital stock and its assumption of the
liabilities
has
Queens Borough Gas & Electric Co.- -Earnings—
Period End.
Total
oper.
Operating
Mar.
$1,946,363
$1,670,973
$7,080,050
880,952
4,287,743
3,346,208
124,080
112,253
580,239
4i0,477
143,666
108,251
534,355
433,005
281,138
276,171
943,630
999,593
$220,625
$293,346
$734,083
$1,282,895
own
23,787
23,098
96,805
96,388
ucts
$244,412
$316,444
$830,888
$1,379,283
Maintenance
Depreciation
Taxft
(incl.
income
ration
for
prov.
tax)
of
Mr.
engaged in
and
to
amass
Other
income
income
(net)
Total
175,938
175,738
704,882
—V.
164,
$140,706
$126,006
$552,609
In
the
research
In
•
addition
The
ferred,
to
of
that
corporation
under
lease
work
exist for
uses
feet, in
of
are
is
such
confined
products
approximately
expiring
.
20,000
fireproof and
Period End. Apr. 30—
1947—Month—1946
Total
oper.
revenues™
oper.
expenses—
1,003,887
1947—4 Mos.—1946 "
corporation
$1,325,857
$914,803
Total
$3,831,775
$5,058,192
further
amendment
816,328
3,768,257
3,085,678
capital
stock
>
previously
*$89,084
Net
oper.
revenues
$509,529
$63,518
Other
com.
income
Drl,500
22,675
Dr47,351
Operating income
*$90,584
$532,204
$16,187
Ord.
inc.—non-com.
•
55,590
-
$2,028,104
^
33,117
Dr2,184
28,803
Brl5,786
Gross ord.
income
*$57,467
$530,020
$44,975
$2,012,318
Deduct, ord.
income
12,673
13,912
45,236
43,062
Upon
Dec.
31,
20,000
J.950.
to
period End. May
Sales'
industrial
projects
and
to
total
ordinary income-
Extraord.
inc.
Extraord.
*$70,140
92,859
(credits)
stock
(chgs.)
*$261
$1,969,256
283
95,595
3,423
48,977
46,682
'
15,541
11,681
$504,710
$46,357
$1,925,997
5,600
_
Deduct,
from
net
196,100
29,200
753,400
inc.—
Net
inc.
trans,
earned
has
feet
an
are
to
$1,578
$308,610
$17,157
$1,172,597
Inc.,
V.
to
Heffernan,
elected
to
succeed
165,
Vice-President
the
Colonel
board
of
Manton
and
General
directors
cf
Attorney of RCA,
Communications,
RCA
Davis, retired New York
of
of
No
attorney.—
Mar. 29,'47
profit
taxes
stock
and
the
125,000
shares
outstanding
shares
Net
income
Total
of
purchase
and
shares
30,000
of
of
Debt
a
premium
debt
—*
income
for
financing
1
of
purchase
Net
Based
stock
Net
profit
of
stock
Common
Earned
—V.
'
shares
sold
the
to
of
warrants
shares
and
and
above
of
shall
be
p.
fol-
common;r
to
warrants
issued,until
they shall then
in
persons
stock
common
PURPOSE—The net
share
per
165, p.
$3,675,954
3,899,912
;
'
Salter
All
of
4Vi %
210,000
17,
Ohio
proportion
bears
used'by
proceeds will be
mortgage, any taxes which
working capital.
.
to
that:
125,000
the
outstanding
$385,000
dated
1947,
National
Oct.
mortgage
first
called
have been
1945,
1,
at, 105 and interest.
Bank, Columbus, Ohio.
;
INCOME .STATEMENT,
.
to
■"
500,000
be
will
used
for
will
stock
The
underwriter/.
'
"
June-10 filed a registration statement with the SEO
shares of stock.
Mark Daniels & Co., Toronto, Is
company on
covering
pay
dueraccounts payable
•
The
10
MONTHS
ENDED
FEB.
23, T947
be
at
offered
activities.
mining
,—
—_
Miscellaneous
$0.97
I".
——1-———
———
income
—I
$125,687
Serviced by
959
,
Operating
Operating
operating deficitOrdinary income—non-
ord.
275,0l4
$19,328
124,592
ord.
Net income
Deducts, from
Mos.—1946
$225,643
331,590
$78,147
/
-
37,807
187,183
$95,119
$18,479
$109,036
5,465
12,835
11,685
$89,534
$13,014
$96,201
$2,622
34,660
6,660
39,480
5,980
$54,874
—
net
$6,354
$56,721
*$3,358
inc._
'
.
,
The
r" $9,273
Both
Ashtabula,
Ohio plant, for which ground was broken in Octo¬
which is nearing completion, will augment the company's
Cleveland manufacturing facilities by
providing 120,000 square feet" for
volume production of l
to- 15 horsepower electric" motors" and V*S
Drives, the latter a prewar. Reliance developments which has found"
to
income
surplus
♦Deficit.—V. 165, p.
The
to
Railway Express Agency, Inc. (& Subs.)—EarningsPeriod End. Mar. 31—
1947—Month—1946
stockholders
split-up the
Officials
fiscal
1947—3 Mos.—1946
which
year,
corresponding
Charges
Other
for
transport..
and
revs,
38,733,202
Express
524,806
1,506,318
39,258,008
36,940,586
108,726,124
23,650,035
25,313,201
70,857,524
1,979,235
"
1,623,109
5,912,048
105,869
109,444
317,607
6,689
26,889
13,516,180
9,867,943
on
•Payments
rev...
to
rail
monthly high,
of
52,659
and
other
328,333
24,462 *
31,614,483
carriers—express
the
consigned
dispatched
were
gain
a
of
to
privileges.-
•
k
!
all-time
A
total
to
assist
Mr.
.
Thompson
follows:
as
collateral
Per
4%
Per
common
—V.
trust
cum.
165, p.
con v.
share
share,
$50
_
par__
145.46
23.86
_
Lake
Mines,
Ltd.
Toronto—Registers
With SEC—
shares
price,
on
of
25
June
stock.
filed
9
a
Underwriter,
cents
a
share.
registration
and
depletion-
Mark
Proceeds
Daniels
&
will
used
be
———■
,.
575,306
-
Gross
profit
$3,476,668
—.
income
(net)_
279,893
Interest
advances
on
and
Estimated provision for
bank
$3,756,561
25,151
loans—.
".
taxes—
Earned per common share.
—V. 165, p. 724.
&
Earnings—
Ended
Operating
finance
Washington, D. C.—Stock Of¬
fered—Stubner & Co., New York, on June 12 offered
to the public 125,000 shares of common
stock (par 50c)
at $1 per share. These securities are offered as a
specu¬
lation.
Lake
Ontario
agent,
Registrar
and
Transfer
Co.,
New
York
and
Jersey
May,
1343.
The
business
since
inception
has
been
May 31—
company
-
",-
that sales for May
the highest on record.-—V. 165,
are
and
p.
income
Operating and
Interest paid
for
Provision
March 31—
taxes-
for the
taxes
_
_
1,200,000
300,000
$0.25
Service
Net
-
.
(& Subs.)—Earnings—
489,568
1,676
applic. to minor, interests
non-recurring
$795,564
items———
gain realized on sale of Canadian assetsequity in earnings of Canadian subsid—
security
Capital
Fed.
stock
inc.
Total
taxes
tax_
taxes
__
_
(no
1946
__
_
payable)
tax
income
Net
earnings
income
__
_____
_
_
_
_
__
33,805
March
33,605
;
74,012
18,036
*Based
on
3,986
3,902
67,100
66,650
_
$172,699
$175,348
38
—
'
ASSETS
income
deductions
$172,722
$175,387
37,213
__
_
37,123
Instalment
-V.
income
164,
p.
2335.
__
_
_
_
_
$135,509
$0.93
sets
, >
$0.43
<0.43
and 766,626: shares
1947
—-
-
receivables
and
in
thereof
tized
$384,238
1.62
-
——
receivable—-;
stock in unconsol. subs.
Property and equipment, net
Excess of cost of acquisition of capital stock of
notes
capital
at
portion)
Deferred
Net
lb340,276
CONSOLIDATED BALANCE SHEET, MARCH
"
1947
"
Cash
Accounts
$384,23$
...
items——,
shares on March 31,
784,581
subsidiary companies
Total
$1,502,627
—
.V^v
,
707,063
oni-
1S46.
31,
71,216
23
_____
_
__
..
$384,238
'
discount and
—
non-recurring
Including
Z
288,741
700
profits
.
1946
$1,980,834
1,198,685
,138,416
258,367
..
1,126
162,350
Investment
Net
—
*Earnings per common share outstanding—
Before
non-recurring
items—
$692,054
_
excess
—
-
expense
Corp.—
18,615
_____
•
_
months
$993,859
45,000
_
four
_
————
before
income
Net
34,850
__
<
-
2803.
1947
—.$3,452,196
administrative .'/.expense——
1,873,519
».
291,868
6 Months Ended
24,375
1947
_
165, p. 3059.
1947—Month—1946
1947—4 Mos.—1946
$171,561,594 $126,352,643 $598,568,782 $479,784,552
states
: Seaboard Finance Co.
313,718
_
property
Social
Income
HISTORY AND BUSINESS—In
March, 1945, Stanley F. Reed founded
the business which he
individually operated as Reed Research until
basis of Old company, charges.—V.
on
$1,318,234
$729,931
•
in
Water
31—
revenues
Maintenance
Other
City.
Figures for 1946 are those of Seaboard Air
Powell, Jr. and Henry. W. Anderson; Receivers, and
mortgages.
Co., L. R.
Unamortized portion of debenture
Depreciation
Inc.,
The
Gross
March
*-2,001,671
'
$1,287,501
30,733
$0.63
income
Operation
to
two
computed
period
.451,997
$2,531,410
Federal
income
DATE
3,136,516
and
Net
TO
: *614,978
,929,997
Portion of net income
income
YEAR
Sears, Roebuck & Co.—May Sales Rose 35.8%—
'
Toronto.
Co.,
said
on
Line Ry.
are
V
1946
AND
APRIL
,
1947 are after deductions for interest on S.A.L.
RR. Co. first mortgage 4%
bonds and general mortgage 4V2% income
bonds but before deductions for capital fund account and sinking funds
T,454*622/:r 1,808,665
—
Excise taxes
Research,
incorporation
'
."
>
FOR
tFigures for
*Loss.
Sales!——-!,™--
1947 " "
Dry-hole losses and abandonments
covering
statement
^
„
oper. revs
Income
fNet
——_
Depreciation
Real
Transfer
■
"
diamond drilling and land surveys.
Reed
■-
...
-
Quarter Ended March 31—
Year
company
Offering
...
with Adams & Westlake
and General American Trans¬
Inc.,
Sales, excl. state and Fed. gasoline & oil taxes $20,204,301 $16,783,378
Cost of
sales
11,478,57,0 -10,613,936
Selling, administrative, and general expenses-!
3,219,135
2,621,279
Rochester
The
associated
.
Red
2143.
by
all the prin¬
S. C.,
board.
Period End. Apr. 30—-
Total ry.
Per. End.
Total
$2,483.12
p.
by UAL and
by the combined operations
.1947—Month—1946
1947—4 Mos.—1946 )
$10,582,486 $10,411,663 $43,293,169 $41,078,348
Net ry. oper. income
..729,639
1,045,588
3,887,119
4,630,878
Total-" income —'
1—_ V 1,283,901
1,099,117
4,569,310
4,858,543
;j
.
>
bond
preferred
.
2549.
Raleigh
.460,000
the
f
"
3V4%
v.w;,
.
,
previously
was
Richfield Oil Corp.—Earnings—
Non-operating
securities
proposal
August. ,'
current"'
portation Corp., all of Chicago, 111.
From July, 1943 to Oetober, 1946
he was assistant to the works manager and superintendent,'Industrial
Relations- Division for the Clinton Engineer Works-Tennessee Eastman
Corp., Oak Ridge, Tenn,, on the Atomic Bomb Project,' and from
.Oct.,
1946
until
joining
Reynolds,
he
was
Director,
Development
Branch, National Housing Agency and chief of the Marketing Section,
Office of the Housing Expediter, Washington, D. C.—V.''l65, p: 1460. / "
ago,
Based
165,
agreement
freight
air
an
served
of Atlanta, Ga., and James B. Mahoney of
have been elected directors to fill vacancies on the
■■*x
Mr. McCarty is President and a director of Ashcraft-Wilkinson Co.
of Atlanta.
He is also a director of the Interstate Mills, Inc., Cairo,
111.,, and A. D. Adair & McCarty Brothers of Atlanta.
t
Mr. Mahoney is President of Southern Ice Co. and also Vice-Presi¬
dent and Treasurer of Woodstock Manufacturing Co., Inc., of Charle3-
and
upon market
quotations as of May 31, 1947, Railway and
Eight Securities Company reports net asset coverage of its
outstanding
announced
done
McCarty
W.
George
the
April" 1, are" running'-ahead' of
year.—V. "165, p. 2457.
'•
Co., Kawneer Co., General Houses,
over
Railway & Light Securities Co.—Asset Value—
Per
In
'in
1
would be linked
airlines.—y,
two
comDany's
Reynolds on new development-and sales for ^the Alum¬
Division,
Mr.
from foreign countries
April, 1946.
destinations in April exceeded air ex¬
28.5%
foreign
better than 5 to 1, compared with a ratio Of 2 to 1
the Agency reported.
Shipments interchanged through the international airport" at Miami
were highest for the month with
25,111 shipments. Following in order
were
New
York, 8,435 shipments; San Francisco, 3,827 shipments;
Brownsville (Texas), 3,413 shipments, and San Antonio
(Texas)
2,807
shipments.—V. 165, p. 2675.
press imports by
in April a year
will
inum
.
43,336
23,701,221
shipments in April reached an
corporation's Air Express Division reports.
month,
basis
thus ' far
recently
of Europe
EARNINGS
4,884,600
express
shipments
during the
Traffic
air
asked-to"approve-a
United Air
done by
previously
Seaboard Air Line RR.—New Directors—
C. L. Thompson, Jr., has been appointed Sales and-Technical Advisor
to David P. Reynolds, Vice-President and Sales Manager:
-Mr..Thompson
75,726,887
-
the
of
/':
Reynolds Metals Co.—New Appointment—
104,684,377
Reports Record International Air Express Shipments—
International
on
last
be
two-for-one
a
earnings
be
t0n'
1,443,930
deductions...
*Rail transport
;
512,258
of
on
the
began
period
will
29
stock
that
*
'
103,240,447
taxes
,Int.
and
discount
,'
funded debt
Other
107,219,806
income
Total revs, and inc..
Operating
expenses....
,
36,428,328
July
on
common
estimated
-
1
Planes - to Be
.' - j
henceforth-turn-around
.
which, had
Airlines
the United States
cities in
70
Charleston,
Remington Rand, Inc.—To Split-Up Stock—
2142.
—
Field, New York;\y
Overseas
markets
cipal
transfd.
earned
United Air Lines— ^
companies
which
1946,
increasingly wide application in all major industries.—V. 165, p,': 2142.
Net
Proceeds
*
this main¬
tenance will continue to assist generally with some of the shop work
of the SAS equipment.
L.
SAS
which operates six flights a week between New York and
major cities in Denmark. Norway, Sweden and 24 outher countries in
Europe,
Africa and
South America,-'uses Douglas DC-4 equipment.
Daily service between New York'and Scandinavia will be inaugurated
June 16.
J<'
Reliance Electric & Engineering; Co.—New Plant—
ber,
Airlines ■? System,; Inc.,
LaGuardia
at
American
"r
19,090
,,
income
Net
$14,307
5,585
inc.
'
Operating loss _j——,
J—"'^" $8,227'
resulting from reduction of chattel mortgage!.::!;:! V
.17.50CP
.63,678
<••
expenses
*
This corporation on June 2 announced that
of its' ocean-flying planes would
Lines
——.——115,784
selling
share.
a
.
'
maintenance
$126,646
Income
$49,371
income™
from
$253,443
94,279
$29,473
commounication
Gross
$74,951
'
Net
Deducts,
of
sales..,,.
Administrative and
$86,655
—_
——±
—
Cost
America!—Earnings—
116,128
revenues
expenses
___
cents
50
'
'
Scandinavian
.
Sales
Total income
1947—3
,1
•.
SEC—
.,->
-L
1947—Month—1946
at tha
made
will be
Payment
;
Bonds-i
and collateral trust
for redemption on
Toronto, Can.—Registers with-
Santa Maria Mines, Ltd.,
total
shares.
the corporation
may be
additional
for
of
be issued individually, and
the
sold
shares
30,000
'
Period End. Mar. 31—
210,000
(H. B.) Mfg. Co. (Ohio)^-CallsAVz%
the
bonds,
June
1772.
Radiomarine Corp. of
$262,543
53,000
2835,
'
3,791 661
$0.58
53,000
$405,384
-
dividends
upon
are
2,520,000
$2,270,683
—_—
common
—f
—
.■
.
,
No.
289,376
:
dividends
—V. 164,
will
the
43,768
.
and
the -corporation
——
—
t
—
profits taxes,
excess
;
income
Preferred
199,500
-——
expenses
and
—:__i
60,652
184,108
————
1
———
of
Provision
47,500
during
1950.
15,
$946,551
77,870
329,813
16,040
48,045
212,234
—
,
.
.___————
funded
on
Amortization
war¬
per share
Jan.
stock
common
stock
maximum" of
a
at $1
ending
purchase
$938,028
—
:
—,
Exchange
action,
corporate
stock
$914,123
32,422
Quebec)
& excess profits taxes)-
depreciation
income
Interest
and
of
(Province
(excl. incZ
for
operating income
Other
exercised.
of
$909,624
28,404
expenses
tax
taxes
Provision
will
/if
—
—
Operating
Other
of
reserve
as,
1946
$1,815,654
656,765
——t—
revenue
Education
authorized
all of the
corporation
will
stock to be issued
corporation
1948
shares
number
purchase
off the chattel
$6,195,954
1,596,000
minimum
a
persons
number
Mar. 30,'46
$3,866,683
estimated income
of
issuance
to
the
Aug.. 15,
125,000
the
i
1947
$1,821,198
574,699
105,944
47,166
"
183,765
3 Mos. End. Mar. 3—
Operating
A
par).
(no
changing
the
are
thereof
stock-from
following
collectively
for
and
WARRANTS—By -appropriate
authorized
beginning
sale
common
13 Weeks Ended—
has
was
154, p. 1914.
«
-
Net
issued
common
warrants
has received
York
New
of a dividend of 9% on the
declared last year for the year
payment
.
Radio-Keith-Orpheum Corp. (& Subs.)—Earnings—
Provision
the
of
of
the directors of the above company
that
dividend
6%
A
City
>
'
all
receipt of payment at the rate of W2*' cent per
warrant: Stanley F. Reed, 20,000 warrants;
underwriter; 20.000 war-'
rants; Carroll Coleman, the Finder, 5,000 warrants;; Douglas" LV Hatch/
2,500 warrants.
•
'
1
'
3059.
p.
stock
increasing the
.
underwriter
addition
the holders
common
the
lowing
.
been
of
period
the
issue
New Director—
Joseph V.
50c),
In
PURCHASE
maximum
a
1
•
has
1947,
(par
shares
the
of
meeting proposed
stock.
1945.—V.
on
Bank
Amsterdam
from
annual
ordinary
building
of
option
buildings
advice
the
at
an
The
capital
May,
the
purchase
corporation
shares
on
surplus
of
in
shares
offered,
47,500
* rants-entitling
the
"
National
Chase
The
cable
involving
■
STOCK
$1,096,826
*
'
$7,178
inc.
income
$1,236,342
„
Saguenay Power Co., Ltd. (& Subs.)—Earnings—
shares
1,180
filed
by
shares.
stock
the
1947—5 Mos.—1946
$5,260,129 $4,881,601.
1947—Month—1946
31—
2676. :
p.
Royal Dutch Co.—Plans 9% Dividend—
and
now
225,300
of
the
Net
at
was
purchase
when
$516,108
^
'
construction.
500,000
issued
the
common
165,
3059.
p.
25-Cent Stores, Inc.—May Sales-
—
—V.
processes.
square
It
adjacent.building.
an
good
-fixed
was
maximum
Net
165,
Rose's 5, 10 &
outstanding 1,180 shares of capital stock (no
par) into 100,300 shares of the new common stock.
In connection
with the flatter
amendment, the corporation also filed a certificate
of reduction of capital
reducing its capital from $85,000 to $50,150
and thereby creating a capital surplus account of the
corporation in
the amount of $34,850.
'
$1,972,514
telephone
Rochester.—V.
in
CAPITALIZATION—By .an amendment to the certificate of incor¬
poration filed in November, 1946, the authorized capital stock of the
Communications, Inc.—Earnings—
demand notes, and for property expansion and con¬
system from manual to automatic dial operation
off
pay
version
i
R. C. A.
June 4 filed a registration statement with the SEO
67,500 shares ($100 par)
cumulative preferred to be sold
competitive bidding.
Names of underwriters by amendment.
will be used to redeem 4V»% Series A first cumulative pre¬
company on
Proceeds
corporation
■
and
this
main,
needs
additional
2325.
p.
the
<
•
Registers Witt*
—
is
stated
area
income
organization
development work under contract, the
engaged in reasearch and development work, on its
looking toward the obtaining of patents on various prod¬
processes a,nd eventual realization of profit on such patent
and
the
826,674
$68,474
deductions
income
Net
Since
engineering business.
account
rights.
income
Gross
and
supplemental research data.
governmental
corporation
Operating
business.
Reed's
research
The
covering
through
corporation, through its staff of 40 to 60 scientists, engineers
and
technicians, offers
to Industry
and
Government research and
engineering services in
the
major fields
of
electronics,
electrical,
mechanical and chemical engineering.
In addition to extensive re¬
search facilities,
the' proximity of the U. S. Bureau of Standards,
Library of Congress and the U. S. Patent Office permits the corpo¬
$6,542,178
1,176,854
revenues—
expenses
(N. Y.) Telephone Corp.
SEC—
The
1947—12 Mos.—1946
1947—3 Mos.—1946
31—
Rochester
for
dividend of 15 cents per
chare, payable July 22 to stockholders of record June 30, 1947.
A
similar payment was made on April 21, last.
In 1946, the following
dividends were paid: April 20, July 20 and
Oct. 21, 15 cents each; and Dec. 14, 35 cents.—V. 165, pp. 1596 and 341.
quarterly
a
.
engaged
Putnam Fund of Boston—15-Cent Dividend
trustees
Monday, June 16, 1947J
-
<
dates
31'
'•<»'
•
1946
$3,612,507,$2,363,096)
30,454,983
18,528,924
53,994
2.029,346
1,565,600
353,697
178,292
620,494
195,806
364,292^
(over equity in net as¬
of acquisition—unamor—
-
charges
—
—
54^2
$133,259
Total
—
$35,291,482 $25,574,715
Volume 165
(3175)
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4603
"
INABILITIES—•
Other
current'
10-year
subordinated
sinking
269.938
___
—.
fund
subordinated
notes
income
preferred
Series A
(no par)
stock
($1
Common
inc.-
par)
784,581
7~6~6~626
3,479,493
3,282,607
1,244,996
259,995
;
—
Capital surplus
Earned surplus
l_
—1__"II
income
Gross
Int.
discount
Total
-V.
$35,291,482 $25,574,715
__________
165,
Other
974,722
1,430,658
$1,884,000
21,037
252,450
148
148
1,773
6,395
23,170
$145,666'
operating
Gross
income-.
expense
422
deductions
Net
York
New
Stock
Exchange
May
on
.
operating
Net
•.
>
$124,036
$1,623,383
34,358
34,358
412,296
412,296
stock
pfd.
on
up to and including June IT, 1947, may be made
temporary certificates or with permanent certificates; that
beginning June 12,
1947, only permanent certificates shall be a
delivery.—V. 164, p. 323.
Balance*
with
—V.
income
$109,913
:
June
June
on
to
30
declared
6
stockholders
dividend
a
record
of
cents
19
of
June
20.
V
Period End.
be
AFFILIATED
.
Net
'
ordinary investment income on portfolio securities.
year, the following payments were made:. June29,;' 19 , cents;!
4nd Dec. 28. $1.41
(including $1.25 from capital gains, payable in
stock or in cash, at holder's option) .—V.
165, p. 1322.. *
■'
.
■
'
.
'
•
' '.
' '
,
_
,
Jj>
"
1947—4 Mos.-—1946
$
$
revenues.
•'42,578,230
Railway oper.
expenses.
31,766,037
opers.
10,812,193
The
corporation
has
called
for
redemption
will
July
1,
next,
State,, county
1,060
cumulative preferred stock at" $107.50 per'
The quarterly dividend of
$1.12Va per share due July 1, 1947 .
paid to holders of record May 29, 1947.—V, 165, p. 1499.
be
retirement
Fed.
on
$
Misc.
12 Months Ended
Operating
Operating
& Electric
April 30—
1P47
revenues
Net
ry.
Other
$1,035,793
(net)
$1,254,563
323,831
149,926
11111—-
,
miscel.
Fixed
50,006
deduct.___
1,596,974
charges
Total
conting.
chgs.—
I™
income
$1,359,625
2431286
636,413
Interest charges, special charge &c deductions.
.
income
Net
$1,404,489
Trans;
Net
of
______
Number
Net
of
affil.
—V.
income
165,
p.
'
" ■
•
.$763,0.76
$1,116,338
cluding
2318.
of
solely;
common
Years Ended March 31—
Operating
Operating
1946
1947
revenues
Consol.
—V.
$618,994
$572,121
446,715
IT—
and taxes
expenses
earnings
380,241
$172,279
h V
i:
% Total
income
Income
~
'v
;
__
,
165,
Period End.
Gross
April 30—
for
$8,095,435
___
371,362
338,546
4,652,211
41,770
518,680
505,880
15,850
15,850
190,200
for
4,543,088
46,130
190,200
acquisition
taxes
Federal
inc.
""profits
to
Greensboro,
Inc.,
735,170
665,111
851,795
capital
of
Gross
income
$126,978
$120,542
debt
30.087
30,537
Cr4,577
310
$1,262,484
stock
at
par
were
Operating
sales—
Gas
revenues:
$1,751,612
53,745
—
13,184
income
165,
p.
$101,468.''"
„„
$39,694"
$309,866
purchases for
Gas
resale
2804.
6,231,065
895,931
retirement re¬
appropriations-
78,000
62,500
922,000
693,334
revenues—
$300,523
$320,162
25,316
$3,962,678
13,373
$6,125,704
47,750
oper.
The company has sold privately to two insurance
p,
______
$300,850
$345,478
$3,976,051
$6,173,454
41,250
41,250
495,000
613,033
3,763
4,206
46,588
50,668
22,693
1,958,091
229,781
114,603'
229, ,781
126,695
on
1,872
1,856
utlly
plant
adjusts.
—_—
19,148
19,148
8,522
exp.
—i
of
i'Net operating
income
Other
$341,831
3,077
4,511
Provision
before
other
-V.
Bell
with
6,000
$145,732
48.
company
&
Net income
Telegraph Co.—Registers
—V.
SEC—
The
Telephone
covering
$75,000,000
filed
9
registration statement with the SEC
debentures, due 1987, to be sold at com¬
40-year
a
■-
Net
to
meet further
for
the
July 8
<EDT)
:
requirements
of
purchase
at
FOR
Period End..Mar. 31—
Operating
revenues
Uncollectible oper. rev-
Operating
Operating taxes
will
New
MARCH
be
expansion
received
up
to
transfer
series,
program.
.
expense's
from
rev.
11:30
AND
agent
Equip,
p.
YEAR
.1947—Month—1946
TO
DATE
1947—3 Mos.—1946
$14,886,337 $12,843,658 $43,245,378 $37,346,902
41,660
20,353'
135,466
61,087
Mitchell
has
been
elected
Net oper. income__
after charges—.
$1,386,117
—V.
1,025,933
$1,077,745
815)905
$3,284,020
2,271,437
2,774,190
165, p. 2144.
stock.
Electric
totaled
output
2,161.000
corresponding
of
this
company
Co.—Weekly Output—
for the
week
the
kwh., as compared with 1,998,000 kwh.
last-year, an increase of 8.2%.—V. 165,
p,
week
$2,936,348
revenues
revenue—.
4,242
Operating revenues
Operating expenses _—
$2,982,100
2,759,602
oper.
for
1947—4 Mos.—1946
$3,038,465 $12,650,897 $11,797,728
2,773
19,690"
Sterchi Bros,
the
3059..
Operating
•
Net
Net
V.
taxes
—
operating income-
after
charges
131,672
11 806
$3,035,692 $12,631,207 $11,785,922
2,411,798
10,547,939
291,458
1,008,112
would
held1 in
be
by
given
165, p.
would
.
May,
the
1S47
exchange
also
new
the
20th
all time
the
R.
consecutive
highest
second
exceeded
month
for
only
by
which
in
high for the respective month,
was
established
in
Gaily
May
31,
1947.—V.
$332,436
$1,075,156
$1,433,102
251,516
772,981
1,119,770
consist
of
the treasury. No reason
Webster, President, in
165,
p.
sales
sales
when
they
a
reached
2551.
Sterling Drug Inc.—New Vice-President
188,484
2,203.429
899,851
693,733
74,746
125,000
100,000
1,503,000
1,200,000
the
Bayer
past
Co.
three
years
Division.'—V.
had
165,
been
p.
a
2931.
retirem't
reserve
appropriation
of limited-term
.
.
Net oper.
268
divisional Vice-President in the
revenue
income
" Gross
(net)-;—
income
—.——
bonds
bonds—
Interest on serial notesAmortiz.
of debt disc't
Interest
on
mtge.
$361,472
and
expenses
Other int.
&
deductions
401
3,817
4,825
$4,742,969
$7,161,403
•
170
Dr2ll
5,757
46,037
$361,642
72,188
$427,900
$4,748,726
72,183
86G.250
$7,207,440
954,656
~3,542
3,959
44,125
45,188
5,088
11,476
5,171
58,217
2,344,232
7,692
110,926
125,508
17,470
4,375
17,470
209,643
192,173
9,900
of utility plant
acquisition adjustm'ts
Int. chgd. to construe. Cr
Net
Pref.
—V.
861,799'
$428,111
Interest on deb.
Amortiz.
Elected—
7,498,044
611,286
Other
established
$17,419,804
75,475
—
Amortiz.
i
volume
18.243.365
774,595
Prop,
N.
volume for any month in
December, 1946.
This was
'
1947—12 Mos.—1946
„
164,239
taxes
Other taxes
1,000,000
1947—5 Mos.—1946
$5,543,224 $4,884,633
1947—MonBTi,9^o
revenues-
Federal
par
Stanley I. Clark has been elected a Vice-President in charge of The
Gentaur Co. Division,, to succeed Joseph D. Bohan, deceased. Mr._ Clark
for
$1,896,395
Light Co.—Earnings-
investments
record
new
$173,901
history,
$1,619,169
$582,942
Operating expenses
of the
Stores, Inc.—May Sales—
sales were
company's
51>3J7
936,977
$427,935
.
$2,884,740
8,893,239
343.
1947—Month—1946
Sales:—$1,433,840
$1,189,781
1 300,587
24,391
capitalization
was
an
9,052 233
$30,832
165, p. 3060.
approve
stock for 750,000 shares of $1
par
Period End. May 31—
«A
—
of'which
recapitalization
928,066
income
Operating
1947,
Co.—Earnings^
1947—Month—1946
authorized
new
announcing the plan.—V.
7,
Southern New England Telephone
Uncol.
ended
June
Period End. Apr. 30—
<5per.
The
shares,'250,000
for
Southern Colorado Power
be asked" to
soon
1,500,000 shares of $2
271,435
$2,583,248
36,013
165, p. 2459.
Texas Power &
; Standard -Thomson Corp.—May Reduce Capitalization
present
247,736'
59,324
$606,985
7,475
231,575
deductions
Period End. April 30—
.
The stockholders may
$3,563,915
56,007
$2,637,013
charges
Net
—V.
"
v
78,674
$2,311,813
'
—
Net
19,059
$768,147
-
$827,471
10,572
233,957
——_
—
;
17,717
$605,648
61,337
income
Miscek
Fixed
Executive?)Vice-President.
He
joined this company more than two years ago to become Vice-President'
in chai*ge of its International Division.
He was formerly First VicePresident of the Kellogg Go;, Battle Creek, Mich., and has had wide
experience not only in sales,
but in the manufacture, finance and'
general business aspects of the food industry.—V. 165, p. 1635.
S.
.
income
income
Other
Standard Brands, Inc.—Official Promoted—
Joel
,
oper.
ry.
2550.
a.m.
.
(net
—.
Net
has been appoined costock, $4.50 convertible
Co., New York, N. Y.,
foa the cumulative preferred
165,
rentals'
facil.
Dr)
$4,346,353 .$4,720,382
1,362,430
1,500,862
593,436
526,500
$1,299,831
392,944
119,681
$1,154,347
380,947
150,035
Dr)
•
Trust
value,—V.
par
no
" 1947—Month—1946
1947—4 Mos.—1946
$4,770,567 $4,930,860 $18,395,147 $18,200,505
3,616,220
3,631,029 14,048,794 13,480,123
ry.
accruals
rentals (net
Total
York.-
$14,844,677 $12,823,305 $43,109,912 $37,285,815
12,013,195
10,335,617
35,401,157
29,203,425
—1,445,365
1,403,943
4,424,735
4,518)475
revenues
expenses
of its nine-state
bonds
Broadway,
195
EARNINGS
J- Operating
the
Bankers
The
375,678
$2,826,344
Pacific Ry.—Earnings—
revenues—
tax
Ry.
'
1915.
p.
Spiegel, Inc.—Co-transfer Agent—
bidding.
Proceeds will be used' for payment of demand notes
held by the company's parent, American Telephone & Telegraph Co.,
Bids
—
375,678
2459.
Period End. Apr. 30—
Jt.
June
on
petitive
and
164,
—
Cr6,836
$3,202,022
$2,713,938
—.
—————
P.
operations
Southern
$3,089,616
58,000
$208,948
Federal————
taxes:
Cr22,230,
$272,586
$226,295
——
Texas &
136,610
110,500
,
165,
Operating
Operating
$346,342
135,013
income taxes—.—
deductions
income
for
$468,961
14,500
and
construct.
to
income
Balance
111,784
—
earnings
Interest
6,590
,Crl58
applicable to pfd. stock for period
Divs.
'
Net
chgd.
Net
249,288
$465,884
income—
Int.
23.675-
116,014
\
——
f
Other,int.' & deducts,—
39,225
251,581
Prov. for deprec., deplet., and amortization.
General taxes
com¬
panies $950,000 30-year 1st mortgage 5% bonds (interest
cost to company 2.95%).
Proceeds will be used to pay
bank loans aggregating $950,000 of which $600,000 was
incurred to redeem, $600,000 3V2 % bonds, $250,000 to re¬
pay $250,000 advanced used for construction, and the
159,
—
327
——:
941,790
mtge.. bonds
95,996
32,511
Abandoned leases
—
479,255
99,544
—
hole costs
Dry
Co.—Sells Bonds Privately—
balance for construction funds.—V.
7,162,785
&
288,670
24,221
Maintenance
Southeastern Telephone
1947—12 Mos.—1946
$1,135,277 $15,090,675 $14,887,830
2,125,466
917,746
Amortiz.
55,203
0
;
•
Interest ,on serial notes
Amortiz.
of-debt disct.
$1,629,704
490,187
Other
$864,430
2180.
78,778
acquis,
$1,805,357
325,415
p.
154,029
$1,574,501
v
165,
Co.—Earnings—
77,228
taxes
Net
1946
1947
April 22 voted to adopt'
retirement of 814,129 shares of the
were currently held in its ti^asury
1947—Month—1946
Gross income
369,141
Total
Operation:
Net
unissued.—V.
but
Other income
(& Sub. )—Earnings—
Co.
4
-V.
the
stock- which
providing- for
capital
156,977
,
Natural Gas
;•
Co.'—Treasury Stock Retired—•
519,808
Property
6.
June
Co.
658,868
Other
price, whichever is higher, any
remaining unsold after
for capital purposes.
has
$1,271,596
to other stockholders
offer for sale
to
the market
or
par
Mr. Cahoon, as Development Engineer,
work being done by W. L. Maxson &
2459;
revenues'—_
serve
empowered
at
shares
Southwest
$1,046,755
363,675
.Crll,057
-
"
deductions
p.
stockholders" at the annual meeting on
Interest
_____
long-term
on
Other
'
givfen the right to subscribe
($10)-'on a pro rata basis.
were
12 Months Ended March 31—
Int.
years,
165,
Operating expenses——
Federal taxes—,
131,661
tax
past five
Operating
C.—
N.
Engineer—
this corporation
•
6.
were
public,
16,215
1,005,000,
*'$522,264
*'$0.52
June 2.
He assumes
and services, including
Texas< Electric Service
.!
record May 26
of
June
The proceeds
■
.
806,748
147,664
excess
the
the
of
'
L
&
shares
officers
The
or
'
General
16,215
Rights expired
plant
adjusts,—
Mills,
Webbing
The stockholders
$7,872,888
of
"
3060.
p.
$0,70
,
.
rejoined
has
Period End. Apf. 30—
1947—12 Mos.—1946
$648,369
expenses
165,
——_
*•$422,264
100,000
on
Navy.—V.
authorized
as
.
$707,984
Amortization
1946
Rights to Stockholders—
■
,
depreciation-
Operating
:
1947—Month—1946
revenue
Prov.
Co.—Earnings—
the
company's
$5,341,449 $122,515,311 $111,051,501
$7,914,743
_____
Southern
•\
$805,342
99.596
1,006,550
$705,746
—_——
preferred stock—
outstanding-——_
engaged in highly secnt
the
resolution
a
$4,107
$23,245
$12,834,131.
v409,234
13,0,30
writing.
For
Texas
Jan. 1 to May 31'
1947
1946
End. May 31
10 Days
earnings
income—
on
—
Cahoon
F.
3060.
p.
1947
Gross
7~V. 164, p. 2835.
South Carolina Power
in
been
The
195,990
■'
______
699,222
$3,873,736
for
$191,883
deductions
loss
491,644
$1,312,508 $13,238,588
$2,640,844
Southern Ry.- -Estimated Gross Earnings—
—V.
Net
income—
Pferiod—
$172,286
195,532
_
174,805
^Representing interest on certain bonds of solely controlled affiliated
companies not credited to income of S. P. Transportation System.
3
~~
'■
'
1,373,334 Drl,317,731
Dr46,188
71,016
$191,880
7
__
income
185,738
165, p. 3060,
—V.
T Net
Other,
CoT
_________
net
1,340,292
534,950
_
2931.
p.
announced
was
'
Inc.—Earnings—
1946
1947
income—
stock
165,
■
allowances)— ___ $23,536,779
on
share-
■
.
..
Inc.—Earnings—
:
shares
per
EdWard
it
(Cr)
adj.
.
.
as Chief Engineer,:
full responsibility for all
technical activities
engineering research and'"
development on telescribing systems for instantaneous communications
(ex¬
S.P.R.R,.
Mexico)
*Consol.
common
TelAutograph Corp.—Appoints Chief
$4,492,245
$1,183,891 $11,373,609
$2,384,089
cos.
taxes
common
on
Earnings
taxes
cumulative
$4
filed with the SEC Aug. 28
stock (par $1) was with¬
6701)
P.
S.
System
income
cont.
*
'
——
on
of
Earned
•
■
(No.
,
Federal
for
"Loss.—"V.
Gross
. •
Federal
income
Dividends
564
■
'
;
,
before
Provision
$3,259,512 $18,195,797 $12,213,401
68,414
202,847
233,498
2,007,207
6,619,341
7,487,096
$4,031,069
_
3060.
p.
3 Months Ended March 31—
sales (less returns and
„
Net
income
•
165,
Gross
10,433,410
1,779,991
15,008,245
3,187,552
3,100,374
159,138
3,267,508
763,581
inc
oper.
6.—V.
'
;
2,839,350
income
statement
195,000 shares of
covering
June
Sylvania Electric Products,
5,090,582
494,665
470,336
.
J.—Registration Statement
Co., Trenton, N.
&
registration
and
Income
Total
earnings
income
108,383
(net)—_
5,810,277
1,117,233
109.538
1,619,356-
(net)—.—-
r
9,095,590 OB. 189,937
134
CrS'8,396
79
•
rents
The
4,781,884
5,012,544
1,169,524
2,775,037 Cr4,317,532
a
July r.
Withdrawn—
last
drawn
—
effective
becomes
Swern
18,566,393
2,789,634
3,254,551
4,628,780
2,416,121
1,284,416
taxes
Total
Other
858,147
9 filed
on June
company
*
city
and
rents
Net
$4,093,912
3,506,485
2,773,756
736,472
42,442,026
602,904
taxes
facil.
Jt.
1946
$4,542,278
.—.i—______
taxes
and
expenses
.*
Co.—Earnings—
Pa.—Employees Purchase Plan—
plan, started in 1926, is continued yearly.—V. 165, p. 2458.
The
39,620,193 168,370,639 158,805,414
36,846,437 125,928,613 140,239,021
1,154,504
taxes—
taxes
Federal
Equip,
Sioux City Gas
;
ry.
insur. taxes.
Unemploy.
shares, of• outstanding $4.50
share.
fr.
rev.
' '
/
■
,
Servel; Inc.—Partial Redemption—
'
.
registration statement with the SEC
employees of the Bun Oil Co.,
It is expected that a maximum of
80,000 shares (no par)
common stock will be purchased under the'
plan during the year.
Purchase will be principally through the open
market. Contributions will be made by the employees and the company.
CONTROLLED
SOLELY
COMPANIES
Railway oper.
Net
i
165; p. 2714.
$109,374
stock—
applicable to 590,000 shares of common
income
which
,
-•
,
■
—
covering a stock purchase plan for 8,500
System Earnings
1947—Month—1946
April 30—
worn
Last
tax
$817,862
$1,211,087
$89,678
>
OPERATED
SEPARATELY
INCL.
•
share,
paid
per
will
It
203,327
28,475
22,500
(estimated)__.
contingencies—
Sun Oil Co., Chester,
■
directors
Federal
for
The
Selected American Shares, Inc.—19-Cent Dividend—
The
$363,677
—
for
165, p.. 2804.
Southern Pacific Co.—Transportation
payable
476,418'
income
deductions
other
Total
—V.
°L_common stock,
either
$144,273
income
Dividends
$840,095'
$1,230,158
deliveries
that
directs
23
$764,597
75,498
—_
—
Provision
Seiberling Rubber Co.—Form of Certificate—
The
ENDED
MONTHS
3
1947
Operating and general expenses—
Provision
•
31,
debt
1322.
p.
INCOME
profit on sales—:
___________
operating income——
Other
1,773
444
Gross
$1,507,551
252,450
'
OF
STATEMENT
CONSOLIDATED
MARCH
21,037
$165,830
debt
of
and
616,327
[.
:
long-term
on
Amortization
86,400
775,927
124,823{
172,717
_________J
profits tax.
1,960,000
1,960,000
585,681
(& Sub.)—Earnings—
Suburban Propane Gas Corp.
excess!
&
the
Marion
in
694,574
88,400
7,200
7,200
1
taxes
Federal
3,162,846
3,813,382
730,603
through its- subsidiary,. Pearson Co., Inc., recently
Globe Mercantile Co>, retail furniture and appliance
Ind.—V. 165, p. 1635.
corporation,
purchased
store
plant
adjusts.__
General
stock—
(no par)—_____
Series B
of
acquisition
7,983
,
65,582
expenses
Amortization
372~702
534,346
___
,___
$304,853
267,745
59,418
$761,759
350,380
depreciation-
for
Prov.
1947—12'Mos.-—1946
$8,265,035 $7,498,356
1947—Month—1946
April 30—
revenue
Operating
21980,000
4,250,000
Minority interest in subsidiaries consolidated-.
Cumulative
Gross
2,176,948
debent.
__
This
■
Period End.
153,429
241,097
_
liabilities
5%
*4%
Unearned
$21,090,000 $13,079,366,
535,056
851,348
accrued—
Sterling,, Inc.—Recent Acquisition—
Co.—Earnings—
Southern Indiana Gas & Electric
Notes payable
Taxes, payable and
Dividends payable
15
$256,253
stock dividend requirements—
income
165, p. 2459.
.
275
25,530
$321,695
$3,485,095
865,050
2,674
$3,538,457
865,05Q(
1
(3176)
JG
THE COMMERCIAL & FINANCIAL CHRONICLE
Texas Public Service
Period End. Apr. 30— "
<
Deprec.
121,220
7,902
9,016
amort,
Newey
rate,
1947—12 Mos.—1946
the
15,955
15,888
190,138
183,280
Fed. normal and surtax-
187,234
270,000
49,400
381,600
explained .that United's present air mail
is. approximately 60% below that of the
_
'
'
$32,367
$544,183
21,254
192,336
STATEMENT
FOR
$53,621
23,717
$736,519
198,191
$29,904
$538,328
$386,627
Net
loss
from
10,667,614
$5,133,218
$585,685
238,453
cper._
165,8*56
$3,371,671
Crl,921,000
—V.
income
.
$3,450,671
and State income taxes.
...
The
Son Co., Camden—Files with SEC—
$512,541
preferred, and 2,500 shares ($100 par)
Suplee, Yeatman & Co., Inc., Philadelphia.
to redeem outstanding 7c preferred and for
Period End. Apr. 30—
Profit from operations.
Misc
Stock Deficient-
Tucker Corp.—SEC Holds Data on
and
adjustments
Net
and
Securities
Commission
Exchange
11
June
1947—3 Mos.—1946
$1,872,215
675,103
$1,474,439
599,637
22,539
8,624
45,329
53,750
118,302
13,154
66,476
$61,691
$1,020,060
proceedings against the registration statement filed May 6 and
covering 4,000,000 shares of common stock to be offered at $5 per
Proceeds of
share was payable on June 9,
series A, out of income of th®
and from proceeds of the sale of
deposited stocks as provided
in the trust agreement between th®
company and Central Hanover Bank & Trust Co., New York, which
agreement terminated on April 23, 1947.
Payment is being mad®
at
the office of
the bank.
All of the deposited stocks have now
been sold.—V. 157, p. 1000.
$795,172
107,S00
&
initial
39,000
314.800
280,600
$234,964
$100,691
$705,260
$514,572
$0.43
$0.18
$1.28
$0.93
distribution
to holders of
for
the
$20
of
trust
current
per
certificates,
fiscal
year
.
U. S. Industrial Chemicals,
William
excess
taxes.
stop-
started1
1947—9 Mos.—1946
161,560
$342,564
inc.
Power Shares, Inc.—
States •Electric Light &
Initial Dividends to "A" Shareholders from
Trust
$277,204
(net)
income
profits
deferred
depletion,
with -respect
3099.
1947,
Earnings—
$615,513
229,401
aeprec.
deducts,
Federal
Acts to Block Sale of Stock—
The
and
Interest
working capital.
(& Sub.)
21,010
Deplet.
Proceeds
additional
series due 1962, $94,200,000; miscel¬
accounts
payable,
$2,661,333;.
Sale of Deposited Stocks—
United Electric Coal Co.
preferred.
The offering price for 3,000 shares of preferred is
$100 a share while the 2,500 shares of preferred are to be issued, in
connection
with the exchange of old 7%
preferred for the new.
3%
$269,569;
credits, $101,955; reserves for property re¬
$74,979,719; reserves for future losses or
to capital assets, $32,218,209; reserves for
uncollectible accounts and advances, $175,607; inventory adjustment re¬
serves,
$133,995;
contributions
in
aid
of
construction,
$781,298;
minority interest in surplus of subsidiary, $496,116; capital surplus,
$358,480;
earned
surplus, $18,723,629; total, $349,702,040.—V. 165,
other
tirement
An
5%
Underwriter,
will be used
—
165, p. 2931.
SEO
June 6 filed a letter of notification with the
company on
cqvering 3,000 shares ($100 par)
loss—.
bonds,
debt,
declared
United
Net
-V.
trust
long-term
$291,726;
p.
Prov. for Fed.
collateral
(cash in special deposits), $2,130,660; currently,
maturing long-term debt
(miscellaneous),
$147,721; customers' de¬
posits, $1,122,858; taxes accrued, $12,998,382; interest accrued, $759,761;
other current and accrued liabilities (including $13,720 for which casli
is in special deposits), $365,117; customers advances for construction,
165, p. 3060.
Thomas (I. P.) &
.
and
laneous
$751,541
Cr239,000
—
Net loss before income taxes
Net
loss of
17,136,488
—i.
$602,898
216,271
$71,199
deductions—*—
net
J 1947
1946
$12,003,270 $10,081,929
*
—
Other income deductions..
Income
a
QUARTER ENDED MARCH 31
".
Operating revenues
Operating
expenses—.
78,606
$79,753
8,554
Gross -income
Monday, June 16,1947.
dividends
$524,293
$57,748
22,006
Operating income..
Other Income
INCdME
187,055
18,686
14,000
also
history,
ended March* 31, United reported
$1,651,169, equivalent to $1 per share of common stock,
1,575,408
94,629
18,993
!_
He
in
prewar year,
.For the 12 months
of
plant
General taxes
said.
lowest
last
$2,838,618
$3,131,700
1,727,725
104,773
$210,063
$290,487
139,376'
1
and
utility
Co,—JSarnings-
1947—Month—1946
Operating revenues
Operation
Maintenance
Mr,
tor.—V.
P.
Marsh,
Jr.,
Inc.—New Director—
Vice-President,
a
has
been elected
direc¬
a
165, p. 2046.
i,
order
■
income—.j—
Net
skure.
Earned
corporation was organized in July, 1946, by Preston Tucker to
make a new type of automobile.
He is President of the company.
—V.
The
„
charged that
Commission
The
registration statement
a
to
"appears
United Fuel Gas Co.—New President—
statements of material facts."
The Commission has
for June 16.
After this hearing, the Commission will
decide whether to stop or permit the sale of the stock.
None of the
untrue
include
set.
Oliver
hearing
a
S.
elected
of
group
President,
Wallace
elected
was
Vice-President
companies
succeeding
General Manager of the
System, has been
Wallace, Jr., resigned.
Mr.
years ago, succeeding his father,
of
President
Winding Co.—Loan Placed Privately—The
has borrowed $1,325,000 on a 15-year loan from
the New England Mutual Life Insurance Co. and $675,000 repayable over a 15-year period from Bank- of the
Manhattan Co. and Providence National Bank.
The
Columbia
A.
two
Universal
company
and
the
Harry
of
Spyros P. Skouras, President, on May 29 announced that Andrew W.
Jr., formerly sales manager of the Eastern Division, has been
NOTE-—For mechanical
Vice-President in charge of sales, succeeding Thomas J.
who has retired but remains with the corporation in an
Connors,
advisory capacity.—V.
165,
possible
2931.
p.
order.
to
1947
3,426,048
$285,385
9,825
$812,733
11,917
Operating
$295,210
$824,650
Taxes, Federal
61,385
75,542
2,527
3,421
1,262
124,175
1,281
344,246
United Gas Corp,
—
Oper.
Gross -income
.
Amortization of discount on funded debt
debits
.
:
.
Net
—V.
income
Oper.
.
'
ACCOUNT
excl.
exp.
(Corporation
taxes-
125,203
217,143
...
Prop. ret. res. approp...
173,900
Income
$3,559,828 $14,408,999 $13,403,853
2,592,950
9,413,149
8,660,943
222,581
1,176,787
1,240,413
218,195
835,772
878,767
$3,560,254
2,549,143
...
Only)
oper.
income
Net
675,000
675,000
173,900
^
(natural gas)
$494,865
$352,202
3,253,532
3,807,088
(Excluding
offsetting
between
accounts
1947—Month^-1946
$
Railway oper. revenues.
Railway oper. expenses.
Gross
(and Leased Lines)—Earnings—
Period End. April 30—
the
Int.
companies)
19471-4
•
$
$
1
23,544,671
6,743,247
4,350,381
32,161,294
3,733,765
2,196,289
16,855,837
22,399,273
11,197,880
930,648'
opers.
ry.
701,962
3,563,504
2,674,081
joint facil.
rents—net charges
Int.
-
income
interest
__
—
706,500
*
15,605
chgd. to, construct-
Other deductions'
CY4.517
$3,578,003
dividends
33,726
10,250
6,362
—
Net, income
Common
30,296
$8,187,669
7,453,777
$2,850,618 $10,549,707
8,521,932
—
__
BALANCE SHEET DEC. 31, 1946
and
operations
fr.
2,078,834
1,452,130
8,527,312
11,741,953
(Corporation Only)
1,338,128
sources
549,489
2,324,106
5,060,287
obligations), $30,000;
$1,730,024; materials
ceivable,
$57,105;
Total
Fixed
Net
income
from
•Includes Fed.
2,001,619
16,802,240
10,851,418
1,295,987
3,301,947
4,716,167
improvements,
$262,057,323.
705,632
13,500,293
6,135,251
mortgage and collateral trust bonds,
income
3,600,000
8,100,000
400,000
Definitive Bonds Available—
Definitive
2%% debenture bonds due Feb. 1, 1976 are now
exchange for the temporary debenture bonds at the City
Co., 22 William Street, New York, N. Y.—V. 165,
Bank Farmers Trust
2715.
United Air
The
report
sulting
the
first quarter of 1947
almost'three-to-one over
in
loss of
net
John
that
increase
in
operational
revenue,
re¬
$3,450,871,
W.
Newey,
Vice-President—Finance, termed the first three
1947 the most unsatisfactory three-month period in the
company's history as far as earnings are concerned.
months
in
Although-more
and
larger
Planes
available
during the first
quarter, givir- United's fleet 6% more ton-miles of capacity, payload factors were sharply lower, limiting increases in revenues to only
20% while expenses increased 59%.
Mr.
were
pointed out that March was by the best month of the
passenger-load factors reached approximately 75%, com¬
pared with 65% in February and 67% in January. Consequently, the
operating loss for March was substantially lower than that for the
two preceding months.
A passenger-load factor of approximately 83%
three,
Newey
Wa$ achieved in April. ■
miles
passenger
the
same
was
69%
this
of
period
year
a
as
gained
year
compared
24%
The
ago.
with
in
the
first
average
in
86%
quarter
passenger
the first
of 1947
load factor
1946.
of
total
Mr.
Newey said.
Costs other than wages also
influenced by the higher price level of the American economy.
expenses,
"In full
1947—Month—1946
$210,524
total,
$12,377;
Period End. Dec. 31—
Operating
revenues
Operating
Federal
—
stock
($10
Co., the latter using the proceeds to reduce its outstand¬
ing 1st and collateral 3^4% bonds by $1,250,000.
prov.
expenses
stock (par $5) was
made June 9 by A. G. Becker & Co., Inc., and Lehman
Brothers, at $32 % per share net. Dealers discount 90c,
^V. 165, p. 2320.
Vulcan DetinningrCo.—To Split Stocks 5-for-l—
The stockholders will vote
and
ret.
—
depl.
appropriations
Net
oper.
revenues
Other income
(net)
-
2,941,381
—
$3,693,393
10,540,039
11,490,346
$3,420,142 $14,420,845 $11,848,786
225,028
238,915
of notification was filed June 10 with the SEC for 5,995
common stock (par 50c)
and 705 shares of Class A
(par 50c)
The stocks are to be sold at $7.50 per
share and the proceeds will go to Theodore Blanchard.—V. 165, p. 2468.
management
also
efficiency
realizes
to
the
offset
necessity for every possible im¬
higher wages and increased costs
Revenue passenger miles
flown by United in the first quarter totaled
217,550,886 compared with 174,998.855 in- the same period of 1946; mail
ton-miles, 2,168,644 compared with 2,856,826;
409!
compared
with
406,566;
with
and
1,000,889;
revenue
freight
ton
plane-miles,
ton-miles, 1,544,compared
12,800,475
compared
with
express
miles,
1,894,579
-11,381,627.
Although
on
April
1
passenger
Increased
fares
on
all
1Q%, passengers are being carried
3(941, when cpmmodity prices and wage levels
domestic
for
were
less
airlines
were
today than in
substantially lower,
stock
.
The
on
502,999
the
directors on June 10 (declared a dividend of 25
common stock, payable June 30 to holders of
cents per share
record June 20.
paid on Dec. 17, last, 20 cents on Dec. 29,cents on.June 30, 1945.—V. 165, p. 2646.
This compares with 50 cents
1945
and 30
Warren Petroleum Corp.—Plans
The
stockholders
will
vote
30
June
on
New Preferred Stock
authorizing
the issuance of
150,000 shares of preferred stock, $100 par value, and on a proposal
providing that neither the common nor preferred stockholders shall
have any preemptive to subscribe to any class of stock of the company.
—V. 165, p. 2716.
541,689
Washington Gas Light Co. (& Subs.)—Earnings—
Gross
income
Other
—^
706,500
24,621
constr—
Crl9,883
interest
chgd.
to
$3,645,170 $14,923,844 $12,390,475
735,712
2,855,213
2,985,712;
30,304
70,487
104,113
Crl39,930
Crl21,235
Crl59,2l7
$3,932,308
interest on mtge. bonds
Other deductions
137,745
;
179,205
211,962
280,766
12 Months Ended
Portion
$2,839,879 $11,907,417
$3,083,325
applic.
to
nority interests
$9,179,101
mi¬
_
surplus
255,886
$8,980,344
dividends
65,031
CONSOLIDATED BALANCE SHEET DEC. 31,
LIABILITIES—Common
stock
of
subsidiary
stock
($10
(126,443
951,081
—
966,613
——
~
790,018
taxes
Provision for Federal
Income taxes
•Special prov. for conversion to natural gas—.
t
<
Cr310,100,
493,300
917,091
1 934,004
827,820
'283,400
Other
par
value),
shares).
income
Gross
1946
first
Dr32,412
—
income
Interest and other
$106,533,020;
252,886;
$1,966,077 i I $2,393,829:
operating revenues—
*
4,687
7,453,777
ASSETS—Plant, property and equipment
(including intangibles),
$313,689,860; other investments, $2,945,802; non-current receivables,
$75,206; miscellaneous special funds, $434,257; cash in banks (on de¬
mand), $16,374,203; special deposits, $2,144,406; working funds, $203,633; temporary cash investments (U. S. Government obligations), $1,618,000;
notes
receivable,
$10,339;
accounts
receivable, $6,177,047;
inventories, $4,816,859; prepayments, $181,922; other current and ac¬
crued assets, $86,088; advances and accounts collectible from produc¬
tion, $227,909; estimated value of salvaged materials, $398,714; un¬
amortized
leasehold
Improvements,
$89,898;
other deferred / debits,
$227,897; total, $349,702,040.
mon
j.
.
198,757
$2,774,848 $11,651,531
8,521,932
30,202
$3,053,123
—
—
Depreciation
Net
Balance
—
Operating expenses
Maintenance
1947
1946
(
$15,368,385 $14,451,369
—.—-10,511,396
9,095,216;
April- 30—
Operating revenues
General
Common
unsatisfactory results for the period under
review, the management anticipates substantial improvement during
the, busy season which it believes lies just ahead," Mr. Newey said.
N.Y.¬
Vernon,
of Class B
common
oper¬
were
164, p. 2737.
Mt.
letter
A
shares
Cr97,780
res.
2,733,089
proposal to split the common
Walworth Co.—Declares 25-Cent Dividend—
$61,833,143
24,523,928
5,383,992
9,119,851
4,609,889
4,948,012
Cr97,780
__
&
on a
Products, Inc.
Vitamin
Walker
1946—12 Mos.—1945
1,580,082
1,300,704
1,641,075
1,114,228
July 22
preferred stocks on a five-fcr-one basis.—V.
Files with SEC—
prior
years'
for Fed. taxes
income
on
Prop.
dis¬
Visking Corp.—Secondary Offering—A secondary
tribution of 52,650 shares of common
value), $106,533,020; first
series due 1962, $94,200,000;
1946—3 Mos.—1945
taxes
of
1947—10 Mos.—1948
$3,467,714 $2,580,265
2046.
p.
par
3%
$15,962,806 $15,552,325 $61,312,269
6,781,021
6,407,796
26,357,504
Other taxes
Adj.
$476,239
165,
realization of the
provement in
generally."
$1,742,028
v
Balance
employee compensation constitutes approximately 55%
"Yo.ur
debits,
deferred
three months
Wage rates in air transportation, in common with those in most
Ottrnr businesses, necessarily have been raised.. At the present
time,
ating
other
construction, $209,524; other deferred credits,
$26,353 reserves for property retirement, $6,855,662; reserves for future
losses or adjustments with respect to capital assets, $32,218,209; re¬
serves
for uncollectible
accounts, $36,413; inventory adjustment re¬
serves, $31,552; contributions in aid of construction, $725,455; earned
surplus, $11,922,026; total, $262,057,323.
^
Int.
Revenue
$1,351,934
$177,849
$216,238
356,572
Virginia Telephone & Telegraph Co. — Bonds Placed
Privately—An issue of $1,250,000 3 ys% bonds, due 1974*
when
over
$2,774,223
1,422,289
$177,849
$216,238
has been placed privately.
Proceeds were used to pay
off an issue of 6% bonds owned by Central Telephone'
CONSOLIDATED INCOME ACCOUNT
showed
equivalent to $1.85 per share of
common and management stock outstanding,
as compared with a net
loss of.$512,541 in the first quarter of 1946.
a
re¬
prepayments,
advances for
Lines—Quarterly Report—
for
increased
expenses
accounts
accounts payable,
$805,820; dividends declared (cash in special de¬
posits), $2,130,660; customers' deposits, $1,112,899; taxes accrued, $4,438,911; interest accrued, $759,530; other current and accrued lia¬
bilities (including $1,610 for which cash is in special deposits, $51,289;
customers'
30-year
in
$89,898;
LIABILITIES—Common
all
1,500,000
p.
hold
3,416,962
833,992
-*
other chgs...
sources
available
notes receivable, $300;
and supplies, $616,791;
other current and accrued assets, $19,429; unamortized lease¬
2,582,970
income
and
1,868,365
$2,098,598
$3,966,963*
165, p. 3099,
—V.
ASSETS—Plant, property and equipment (including intangibles) $34,investments, $216,635,469; miscellaneous special funds, $427,-
957; cash in banks (on demand), $5,929,311; special deposits, $2,132,271;
working funds, $74,872; temporary cash investments
(U. S.
Gov¬
ernment
investments
and other
2,353,897
50,114
Virginia Dare Stores, Inc.—May Sales Up 126.2%—
301, 519;
Ret income fr. transp.
Income
$5,128,120
150,715
—
Balar.ce
$1,943,730
9,302,166
$2,308,291
11,183,116
$3,605,734 $13,491,407 $11,250,896
2,985,712
735,712
2,855,213
50,509
11,859
58,204
Cr3,290
Cr5,443
Cr2,705
$4,301,953
...
mtge. bonds
on
Other
Mos.—1946
$
26,135,237 123,423,231 113,642,467
21,784,856
91,261,937
91,243,194
30,287,918
•Taxes
Equip,
$328,564
Period End. May 31—
Union Pacific RR.
fr.
40,747
$328,330
112,092
—
Sales
rev.
$5,087,373
3,837
revenues
164, p. 2836.
Net
$324,727
2,247
deductions
Dividends
—V.
Net
Income
$3,916,849*.
$326,083
oper. revenues—
income (net)
1946—12 Mos.—1945
1946—3 Mos.—1945
Taxes, other
$400,158
$105,860
revenues
*
deducts
rev.
Subs.)—Earnings—
1947—Mcnth—1946
1947—12 Mos.—1946
$1,134,628 $15,472,782 $14,051,02ft
809,901
10,385,409
10,134,177
975,722
~ $1,301,305
Annual Report—
Period End. Dec. 31—
'
Miscellaneous
are
Gross
INCOME
Federal taxes on Income
in exact alphabetical
always as near alphabetical
Net
3,886,180
-
funded debt
Period End. Apr. 30—
Total
oper.
revenues—
always
Other
$4,238,781
Operating expenses and taxes
on
not
1946
$4,171,565
Operating revenue
Interest
is
Subs.)—Earnings—
Twin City Rapid Transit Co. <&
Operating income
Non-operating income
it
reason*
companies
arrange
However, they
as possible.
position
3 Months Ended March 31—
Atwood
Utah Power & Light Co. (&
Smith,
appointed
to be used to purchase the plant and inventory
Division in Btonington, Conn., of Farrel-Birmingham
This transaction became effective May 1, 1947.
No purchase
was announced.—V. 165, p. 2716.
proceeds are
the
Co., Inc.
price
Harry A. Wallace, who retired.—V. 165, p. 2931.
Corp.—New Vice-Pres.
Twentieth Century-Fox Film
Hagerman,
Charleston
sold.—V. 165, p. 3060.
stock has yet been
r
share
per
165, p. 1238.
Net
income
Dividends
on
—
—
deductions
-
—
-
—
preferred
$1,933,665 :$2,398,516,
835,578. *1,062,937
$1,098,087
stock
440,030
$658,057
Balance
$1,335,579
,
'459,021
$876,558
income taxes resulting
property,
tlncluded Is
portion of the redemption,
♦Equivalent to the estimated reduction in
the Impending retirement of production
from
a
special
charge
of
252.600
to
cover
a
premium and duplicate interest equivalent to the tax reduction re¬
sulting from the refunding of long-term debt in 1945.—rV. 165, p, 2716.
com¬
mortgage
(Continued
on page
57)
>
Volume
165
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4603
Stock Record
«»
New York Stock
DAILY RANGE OF PRICES
FOR EVERY USTED ISSUE
LOW AND HIGH SALE PRICES
STOCKS
Monday
Tuesday
Wednesday
Thursday
June 9
June 10
June 11
June 12
June 7
I per share
9 per share
9 per share
76
76
76
100
*90
I per share
76
*86
100
71/2
•,44%
14%
*7%
7%
45
45
76%
I per share
77
76%
Sales for
Friday
June 13
I per share
75%
76%
7%
100
7%
*90
75%
100
7%
7%
7%
7%
46%
46%
46%
46 %
147/8
14%
14%
xl4%
14%
15
15
14%
40%
40%
40%
41%
41%
40%
31
31%
*30%
31%
31%
32
32%
32%
*7
7Va
EXCHANGE
CLOSED
29%
30
*102
107
4%
4!/4
30%
23
101%
3
3
3 Va
27%
*92%
18%
3
173
333/4
34
35
34 Va
343/4
35
i
*17
98
:
172%
*94%
18
33 Va
327/a
*101
32%
32%
32 Va
92%
*91 Va
91%
25
*24%
25 Va
5%4
53/4
50
33
53/4-
5Va
5%.
*30%
Allied
Mills
12,400
Allied
Stores
102
•
300
343/4
33 Va
35%
91%
92
1,400
25%
25%
25%
300
6Va
4%
9,600
91%
1,400
6
80%
81%
80
80%
383/4
38 Va
38'/a
9%
3%%
22%
69%
10%
*10%
40
40
126%
91
91 %
190
4%
90%
*187
38%
69%
70
1,200
3%%
23%
23%
23%
1,400
*70%
72%
90
11%
12
11%
11%
900
4%
41%
127
4%
41%
42
42
125%
125%
4%
4%
92
94
93
93%
189
189
187
187%
39%
97
*96%
21
21%
40%
97
21%
93%
*187
40%
41
39%
97
*96%
4%
4%
4%
13 %
14 Va
13
14
14
14
18
17%
17%
17%
18%
2%
2%
2%
101%
101%
2%
102
101
3
.
101%
50
29 %
2,400
*4Va
4%
4%
4%
15
14%
14%
18%
18%
18%
4,700
2%
3 Va
2%
3%
22,100
*101%
100 Va
101
500
102%
15%
15%
1,200
15%
15%
15%
16
16
16%
15 Va
16%
91
91%
90
6,800
90
90%
90%
90
90
90
90
39
39
39%
39%
*39
39
39
6
6
6
53
53
53
53
*51
23%
24
23%
23%
x23
6%
6%
6%
*99
6%
102
*10%
6Va
*99
102
6 Va
6%
6%
39%
*51
%
24
24
24%
6%
7
7
.7%
102
*98
*99
39%
6%
53
6
53
pfd
102
—
3,000
53
24
•
400
6%
8
7Va
*98
Corp-
Car
&
Fdy
preferred
2,500
Encaustic
& Foreign
non-cum
Corp
10%
10%
10%
400
Amer
*12%
13%
*12%
13%
300
American
21%
213/4
Invest
21%
21%
110%
110%
*110%
9,000
American
110%
111%
<,*110% 111%
400
1%
Tuesday
Wednesday
June 9
June 10
June 11
98
*9%
9Va
9%
27%
27%
27%
*140
141V8
18 Va
*96
19%
98
I per share
19%
*96%
10%
10%
10%
27%
28
28
28 Va
1417/a
*140
10
*140
141 y8
*10%
11%
*10%
11%
11%
11%
29%
293%
*29
297/a
29%
30
*140
XIIV4
30
98
10%
141
111/4
11
30
10 Va
110%
110%
111
112%
113
113
99%
99%
99%
101
102
102
102
133/4
13%
137/a
*179
180
180
26%
26
*104
104%
11%
CLOSED
113/4
15%
EXCHANGE
180
25%
104
26%
104%
13%
*179
26%
105
10%
14 %
180
27%
105
11%
11%
11%
15%
15%
15%
16
16
36%
*35
11%
*35 Va
36%
53%
52%
53%
166
166%
166%
1673/4
*33
34%
52%
*142%
147
*33
34%
*142%
147
X35%
53%
167
34%
*142%
35%
54V4
168
34%
147
10%
14
*179
27%
105
11%
•16%
35%
53%
168%
*33%
*142%
27%
27%
273/4
28
28
29V4
29%
233/a
233/a
23%
233/a
23%
23%
*23%
*21%
38
21%
38
*21 Va
38 Va
131%
131%
*43%
45 3A
*129
21%
38%
135
*43%
453/4
*21 %
38%
*129
44
10 Va
'
14%
180
2,200
Amer
4,400
Amer
147
29%
24
132
46%
70%
71%
71%
1583/4
713/4
71%
72
71%
72%
47%
118
13%
47%
118
13%
*101%
103
*101%
283/4
29
28%
91
91
*90%
*67
70
69%
1
6%
*57
6%
63
32%
6%
*57
33%
473/4
118
13'/a
13%
103
29%
13%
103
29%
155%
48%
119
14V4
103
30%
91
91V4
92
69%
70
73
6%
63
32-3/4
48%
119
33%
X7
7
*57
63
33 Va
34%
48%
49
50
50
49
50%
433/4
44
433/4
433/4
44%
46
*110
111%
*110
111%
*110
23%
110%
155
1553/4
47%
483/4
1181/4
1181/4
14 Va
103
30 V8
*91
72V4
6%
63
14%
103
147
29%
H-
Va
91
91
7
501/4
501/4
46
110%
*70%
6%
*60
18,900
.
92
63
200
16,600
700
72%
500
6%
1,400
65
100
33 Va
343/4
14,500
50%
50 Va
260
46
700
*45 Va
*110
Steel
Va
110%
—
Am
Sumatra
Amer
'•
Am
For
6% Feb
7
Conv prior
Apr
6
6% Feb
25
115% Jan
5 Va
8
100
preference
$4
Glass
Corp
Oct
13%
13%
4
*3 3/i
4
31
100
Andes
400
A P W
3,200
Jan
129 % May
44 Va
10
IOIV4 Feb
T
90
Sep
13
42% Apr
8% Feb
5
37%
Sep
55%
3
5%
Oct
12%
118
Apr
May
Jan
Jan
44%
Oct
63
Jan
23
Apr
15
x34 Va Jan
10
31%
Dec
35%
Nov
6
May 16
10% Jan
24
81/4
Sep
7
99 %
Jan
9%
90
12
18% May 19
Apr
23
9% May 17
May 19
110% Jun
4
106% Mar
12% Jan
14
31
Jan
30% Feb
116
118
Sep
16%
15%
22%
10
Jan
18% Mar
11% Mar
18
44%
111
9
Nov
Sep
119
May
Jun
Jun
Jan
May
Co
Corp
Copper Mining
Products Co Inc
Archer-Daniels-Midland
Year 1946
Range Since January 1
181/4 Jun
10
94% Apr 19
9 Va May 23
x253/4 May 19
134
Jan
9
10% May 20
28% May 27
9VaMayl9
100V4Mayl9
90
May 19
11% May 19
98
3
7
Jun
106 V4
Jun
25 y4
Jun
Oct
43%
Jun
133% Dec
7
11
Feb 24
Feb 24
Feb 21
34%
Sep
10 Va
Sep
22%
Jun
97 V4
Jan
133%
Aug
Feb
21
88%
Jan
123% Aug
180
12%
May 21
109% Feb
24
95 y4
10% May 14
i63/8 Feb
10
15% May 20
22% Feb
4
14
48% May 19
144
39% Feb 24
60
170
40
Jan
10
Jun
12
Mar
5
18
158
Jan
6
257/a May 19
37
Feb
8
Apr
160
27%
Apr
17
16
May 23
May
2
307/a May 19
45 V4 Jan
Mar
15
7
Jan
2
21%
463/4 Jan
16
10
14% Apr
15
__20
13% Jun
13
Jun
6
Apr 29
9
138
73%
60%
Dec
Jan
Nov
Dec
11
68% Jun
5
57/a May 19
4
34%
54% Feb
26% Jan
30
Apr
191
May 20
187/a Feb
106 Va Jan
50% Feb
UOVt Feb
103% Feb
107/a Jan
5
52
Sep
Oct
24
12
May 19
102% Feb 13
No par
Sep
45%
146% Feb
119% Apr
42
33
165
May 19
9
109
Aug
Feb
Sep
41% May 17
12.50
20
33%
Oct
116% Jan
62
Dec
24
Feb
4
Feb
5
Feb
5
Feb 18
Jan
3
Feb
Sep
25 V*
1743/4
82%
84%
162%
58%
Feb
42% Aug
108 V* July
14%
38 Va
40
23
19
7
2
28
x45
Apr
186
Jan
Feb
10
May 17
90
Nov
Feb
3
116
'
1
60
Nov
Jan
lo
Jun
21
34
151
X173 Va
29 V* Jan
23% Jun
July
17 Va July
39 %
163/4
129%
117%
17
27 V*
34% Jan
163
Oct
7
99
45 V4 Mar
Nov
23%
4
14% Feb
I per share
12% Nov
2
May 19
50
Jan
153/4 Feb
32
Feb
Oct
7
33
No par
101
21%
0
15
Feb
21
May 14
1
Jan
Jun
Jan
24% May 19
159
25
$ per share
28
141
Highest
$ per share
37% Feb
176
100
No par
Lowest
Highest
9 per share
No par
preferred
*13%
14%
Sep
18
Feb
8
14
prior conv preferred
Anaconda Copper Mining
Anaconda Wire & Cable
Hock
Oct
6
8
25 % Feb
Jun
100
$5
Anchor
Jan
JUn
100
Amer Zinc Lead & Smelt
Oil
July
53% Feb
100
Anderson-Prichard
27.
75
16
—No par
15
page
Nov
Aug
No par
Preferred
&
footnotes, see
Jun
41%
Apr
32 Va
Jan
No par
Anderson, Clayton
31
108
49
Elec—__No par
1,700
313/4
Dec
11%
No par
preferred
American Woolen
3,900
30%
Sep
971/2
6
28%
100
1st
50%
30 7/8
201/2
Mar 12
Jan
Feb
Jun
34 %
23%
5% May 19
100
17%
30%
4
Feb
38% Jan
100
50
31%
7
24
150
164 Va
Sep
90
No par
No par
Corp
Xl7%
31
26% Feb
Sep
17% Oct
Oct
19
17%
31
120
5 %
15
50%
31
9
13%
13
&
Jan
Jan
17% Nov
Apr
Wks
40Va
104V4
156
17
Jun
17%
4
210% Mar
31
62
50%
4Vt
Dec
20 Va Feb
61 Vs Apr
17%
*4Va
184
16% Jan
157
49%
4y8
106%
10
25
17
Va
Oct
28
Jan
79
16
25
Water
$6
Feb
Jan
1
Jun
class B
6% preferred
American Viscose
5%
preferred
Sep
17%
6
46
Tobacco
Common
49%
4
Mar
Apr
Oct
Feb
102
25
Telep & Teleg Co
American
16%
4 Va
5%
8
110
22
2% Jun
No par
No irwtf
Tobacco
49
*4
May 21
100
16%
14%
5
14% May 19
5
Preferred
49
*13%
7% Feb
Sep
100
No par
Co—,.
16 Va
143/4
;
Refining
50
*13
*137
72% May
3% May 19
10
Stores
*49
14%
May
129
132 Va Mar
13
No par
Foundries
*16%
*13
15
Nov
9
100
Stove
240
106
..
133% Jan
%
16% Jan
100
Sugar
3,800
230
118%
San'y
Mill
preferred
conv
American
2,700
156
15
Stand
American
12,300
483/4
*102
Jan
64
25% May 19
No par
np par
com
Rolling
American
23,000
72
713/4
.48
30
Oct
Oct
Jun
191/a Jun
No par
100
159%
71%
117%
Nov
36%
Nov
No par
Co
Ship Building Co
Smelting & Refg
Amer
200
71%
1553/4
I2V2
3
21 Va
1
American Snuff
6% non-cum preferred
300
3P/4
721/4
Co
Light
800
131%
30%
34 Va
*110
157
&
&
1,700
463/a
*44
5
Feb
96%
No par
Preferred
300
4,200
24%
31%
34
*45
131%
Jun
17% Feb
50
42
100
Safety Razor
American Seating Co
.
40
70%
47
28 Va
<-
22%
70%
118
*142%
Jun
88 Va
1
No par
American
360
333/4
*39%
70
*155
54%
170
333/4
*22
70
156 %
4%%
35%
40
157%
Rad
400
533/4
Dec
45 %
Oct
8
134% May 20
No par
Preferred
660
21%
161%
Power
American
3,000
70%
156
105
39Vi
*44%
Am
10
19,900
16%
69%
157
20,600
281/4
11%
163%
156%
141/4
180
170
74%
Oct
72%
Range for Previous
preferred
16%
69%
160%
$5
11%
70
162%
1,500
17
34%
Nov
25%
10
Lowest
preferred
Amer
11%
541/4
57%
7
7
54% Feb
106
100
News
Apr
28V4 Feb
STOCK
Molasses
Jun
1974
Nov
1151/4 Jan
No par
Ltd
American
$6
35%
9
May 21
100
preferred
1,100
Xl04%
170
Co
18,800
21%
132
Metals
10 Va
105
11
53%
May 21
No par
1
HI
Metals
112%
14
37% Nov
No'par
preferred
&
102
271/4
35%
cum
Mach
112%
*179
6
1
Fdy Co
American
800
39
45%
6%
400
22
132
Amer
&
101
28
1613/4
161%
10%
3.90%
20
30
Mach
Amer
1,800
11
30
Amer
10
141
110%
91% May
20% May 21
Par
3,100
28%
141%
13%
STOCK
28%
75
Sep
36
EXCHANGE
3,100
98
10%
97/a
10%
201/4
10 Va
28 Va
Oct
50
Shares
98
99%
10%
19%
44
64%
94
■
loo
NEW YORK
the Week
9 per share
19%
110%
10
Sales for
June 13
Nov
1
STOCKS
Friday
June 13
9 per share
18%
Thursday
July
Mar 26
193
1
preferred
LOW AND HIGH SALE PRICES
Monday,
Jan
108
Jan
>
31
184% Mar 21
10
jm
of
Co
Jan
29%
| 77% Jan
99
No par
No par
No par
Locomotive
111%
80
6%
212 % Jun
Dec
9
11% Apr
86% May 19
l
preferred
Internat
*10%
12%
Apr
84% May
44 % Mar
3% May 19
40
.
6%
10 Va
18%
May 19
No par
21%
*96
9
10
51
36
May 19
1251/4 Mar 21
.20
Power
123/4
18%
May 19
20% May 19
No par
20 V*
110 Va
7
66
10
Tiling
12%
xl0%
16
691/2 Jun
100
European Sees
20%
98%
Mar
100
Co
Va
18%
Jan
73
No par
19%
*97
Apr
46
No par
preferred
*12
9 per share
Apr
3
No par
Cable Inc
*10%
9 per share
12 %
8% Feb
25
12%
I per share
Oct
5% May 19
1
Corp
10%
June 7
39% May
100
20 %
Saturday
95%
Sep
No par
19%
111
62% May
Nov
Oct
18%
4
1
Co
12%
10%
Nov
154
23
50
6% conv preferred
American Home Products
American Ice
102
Aug
91%
Feb
Jan
39% Feb
10
American Hawaiian SS Co
American Hide & Leather
1,200
12,900
24%
26
25
99
35
100
$7 preferred
$7 2d preferred A
$6 preferred
1,500
39%
Va
*51
July
30%
Apr
11
81/8 May 19
American Export Lines Inc
Amer
Jan
113
10
103
100
conv
Amer
14
24% May 19
911/a Jun
50
Can
American
Oct
Feb
180
301/4 May 19
No par
4%%
500
18 Va
*14
17%
12
Nov
34% May 16
Radio
&
non-cum
Amer
Oct
Apr
99%
18
95V4 Jan
98%
29 %
91%
104
17
99% Feb
100
X98%
30
61% May
39
-10
100
29
Jan
63% May
Crystal Sugar
100
38
Sep
1
Shoe
Chain &
5%
18
22
Chemical_No par
conv
Cable
1%
Am
Jan
82
1
preferred
American
100
Jan
69 %
Oct
No par
Preferred
2,900
8%
Oct
52%
Nov
prior preferred
Distilling Co
28%
18
2%
120
Oct
29%
1
29%
20
99
4%
American
Brake
5% %
3%
8
31 Va
Colortype
28
4%
3,200
Am
4
Feb
6
American
99
Feb
Aug
7
American
23
12%
51% May
103
39 % Mar
500
100
Dec
35 % Feb
1,500
28
'
Amer
21
Nov
90%
5% Feb
16
21%
*99
4%
5,300
X23%
Sep
25
7
64% Feb
Jan
21%
21%
5
2
30
Chicle
21%
8
Apr
Mar
29V4 May 17
American
21%
6% Feb
31 Va Jan
Feb
59%
135
7
310
21
Oct
3
146%
21
20%
NOV
Feb
146
21%
Dec
33
104
22% Feb
141
*21
8%
1
18
May 17
50
21%
6
Feb
112
May 20
106%
*20%
Jan
18
*105%
144
Jun
41%
101% May
8
15% May 19
3 06%
21
68%
Sep
164
*105%
20
Jan
24%
48% Feb
106 %
20
139
44 Va
1
May 19
2,100
20
Feb
10
32
22%
137%
24%
Jan
44
21%
*19%
May
13
22%
20
x50
Oct
Jan
142%
*105%
Feb
13 V8
No par
100
Corp
Bosch
4%
97
30%
2% May 19
21%
139
23%
American
10
41%
Feb
48% Feb 13
17% Feb
1
56
100
Bank Note
3,100
94%
May
19
No par
preferred
127
188
*96%
*19%
100
cum
6%
43
*125%
4%
169
Nov
No par
Inc
Airlines
American
70%
4%
137%
American
71
11%
Oct
8
25 % May 19
1
Corp
Agricultural
70%
40 %
106%
Amer
23%
10%
Co
Petrol
71
39
*105%
Amerada
72
21
21
9
100
24
*96
96%
106
9
50
71
*125%
91%
8%
*47
%
23
126%
189
38%
9
50
Dec
105%
5
Mfg
cum conv pfd
Portland Cem
*70%
40%
*125%
4 %
10%
8%
71
*47%
7
No par
Dye
Amalgam Leather Co Inc
6% conv preferred
28,100
8%
50
&
preferred
Alpha
900
*48
12
100
1
100
Allis-Chalmers
1,800
38
69%
102
800
37
,,
gtd
Co
102
6 Va
A
Allen Industries Inc
31
80 Va
4
*
Kid
393/s
22%
28%
Chemical
80%
72
*99
Allied
/
Jun
10% Feb
I per share
•91
10% Feb
97% Jan 24
Allied
33%
5%
Jan
61%
100
*
preferred
500
91%
*25
92
7
38% Feb
4
Apr 14
18% May 19
5
Highest
share
Apr
9
10
prior conv preferred-No par
Alghny Lud Stl Corp
No par
36
102
Jan
I per
'
5%%
1,600
x39Va
22%
139
253/4
30 Va
3.6 Va
10
100
$2.50
18%
393/4
22%
20%
91%
30%
35%
*101
Min
common
87% Jan
May 19
29% Jun
105
100
preferred
18%
80%
71
96%
34
91%
18%
79%
8%
106
323A
*25
18%
39%
70%
38%
1
307/a
36
102 Va
Juneau Gold
176 Va
176
175%
40
8%
190
34%
102
18 Va
No par
Ry
Year 1946
share
37% Feb
Alleg & West Ry 6%
80 V*
71%
40
175
18%
May 27
30% May 16
1
Inc
19
38
6
per
Lowest
55
4
13 Va May 19
10
Vicksburg
100
48
8%
►125%
*17%
175
&
Jim
43% Apr
No par
Allegheny Corp
99
48
71%
*69%
*94%
307/a
33%
25
99
19
18%
102
92%
*94 Va
1
4%%
1,200
3,800
353/4
*17
90
10
Aldens Inc
11,700
11,700
.
•
61
18
173%
18%
303/4
102
100
18
173
18%
30%
«
60
33/a
*59
Alaska
1,000
31V4
59%
Va
18,500
25
100
3%
30
59
Co
Alabama
29%
283/4
18%
*10
3%
287/a
30%
79%
3 Va
5,900
5%
4%
25
58 Va
'
32
I
6% May 21
Express
Admiral Corp
Air Reduction
share
2.50
Address-Mutigr Corp
400
per
66% May 20
Co
Adams-Mills Corp
1,800
7%
I
Highest
No par
No par
com
Straus
Motors
Steel
Adams
300
107
*98%
58%
*93
173%
*38%
3Va
4%
25
100
27
•18%
*48
99%
58'%
*30%
5%
25
30%
*102
27 Va
33
97 Va
32%
4%
26,
100%
31%
107
Acme
3,600
34
7%
27
33%
*17
*101
30%
*102
4%
*33
7
*58
59
33%
30%
24
100%
3
7
107
4%
23%
*100
27
*58
30%
*102
4%
22%
7%
7%
107
4%
101 y2
*21%
♦100
•
7%
-
&
ACF-Bnll
1,100
40%
29%
Laboratories
Abraham
1,900
14%
*39%
♦102
Abbott
10
8
40%
*7
Range Since January 1
Lowest
Par
2,200
105
46
46
45%
100
Range for Previous
STOCK
EXCHANGE
Shares
*39
STOCK
NEW YORK
the Week
•
*92
Exchange
WEEKLY VOLUME OF TRADING
.
YEARLY RANGE OF SALE PRICES
Saturday
(3177)
Sep
172
1
60ya
43
Jan
Apr
Feb
Apr
Feb
May
38 Va July
68 V*
168
Feb
Apr
Jan
67 V*
Apr
159% Nov
73
Oct
200 V*
Jun
47%
76 y4
Oct
99% May
100 V* May
174
July
48%
Oct
78
May
116%
Sep
121
Jun
150
Sep
8
13%
Oct
28%
30
102%
Sep
110%
Feb
13
13
13
6
29 %
Jan
70%
Jun
100 Va
Dec
182%
Jun
87 V2
105 V*
Jun
Nov
7
Dec
Sep
69 Va Apr
1
42
Mar 5
52% Feb 17
64
Dec
90
35
Oct
51%
Feb
41
Sep
60%
Jan
4
38
Sep
62 y4 May
111% Mar 10
54% May 5
108
Dec
51
Jan
173/4 Jan
6
16
Jan 29
6% Feb
39
21
Feb 17
15%
Jan
May
43 y4
Jan
*114% Mar
x64% July
15 Va
Oct
27% May
13%
Sep
24%
4%
Nov
Feb
16%
Feb
41%
Deo
17.
THE COMMERCIAL & FINANCIAL CHRONICLE
(3178)
..
share
$ per
$ per share
IQVa
11%
11
116
*115
116
148
*143%
148
*141%
38%
39
39%
42
42%
103%
104
*103%
104%
*
14%
10 %.
10%
15%
-
15%
*15
16
11
11%
*11%.
11%
1,100
Artloom
16%
16%
15%
16%
16%
6,800
118%
47
.
75%
73%
*105%
106 %
11%
11%
47
46
46 %
23%
24%
*70%
75%
47
11%
46%
118
*44
77%
77
106
106
105
13
13%
51
2,600
5,700
A T F Inc
49%
'24%
24
3,000
Atl G & W I SS Lines
*70%
75%
7,000
preferred—
Atlantic Refining
24
*70%
34
34%
33
33
110
111
102
101%
101%
23%
23%
64%
116%
*116%
23%
24
23
23
23%
63
63
63
63
21%
22
20%
20%
20
4%
5%
*41%
47/<0
23%
62%
63
*116%
*24
27%
27%
7%
7%
7%
13%
13%
22%
13%
23
21%
20%
21%
20%
"
20%
5%
5
42
42%
42
14%
14
18%
14%
18%
9%
10%
42%
42%
42%
5
5
4%
7%
5%
42
13%
*14
X17%
17%
17%
17%
18%
*14%
14%
18%
9%
9%
9
9%
9%
10%
13%
13%
13
13%
17%
9%
10%
*12
60
*60
49%
50%
.49%
20%
20%
50
50.
25%
26
25%.
26%
16
16
16
16
18%
18%
,
46
*45%
*105
,
105%
'
6%
*32
*18%
46
«.
*6
6%
105%
23
2,600
21 %
*51
26
*15%
18%
46%
105
105%
*105%
6%
6%
6%
*32
35
31%
31%
1,800
105
♦32%
35
51
47
*45
6%
*32
35
63
x51
18%
*103%
106 %
♦61 %
52
16%
18%
105
*105%
105%
31%
32 3%
31%
31%
31%
*12%
13%
*123/4
*11%
12%
12
12
123/a
12%
*18%
18%
18%
18%
18%
18%
*13
13%
*13
13%
21%
21%
52
*51
25%
263/8
11,900
15%
15%
18%
18%
*48
ill
6%
*31
*13
123/4
19
19
*1051/4
106
106
303/4
30
31
23%
233/4
233/4
23%
23%
24 y8
x24
24%
98
*96
98
100
*96
*96
,
98
*96
28%
*
'
24
24
*96
28
27%
1,400
Best
22%
22%
22s/8
22%
22%
23
2,900
83%
84%
823/4
83%
9,900
*140
142 y8
141%
200
49%
153/4
■
49%
16 '
25%
V>
16%
26
49
*153/4
*26%
143%
141%
*49
49
49
16
i *18 %
■27
"4 261%.
26
25
25
143/4
14%
14%
14%
15%
15%
15% t.
223/4
23
22%
22%
22%
24
46
*45,.
46
23%
48%
233/4
46
*45%
46%
46
*143/4
15%
15%
15%
*15
16%
*15
33
34%
35
*34
36
,
,
,
'
•
..
,143/1 ,•-15%
^24
23%
'
*45
33
35.
.
;
14%
14%
15%
15
155/a
15
15%
36
X36
37
38%
38%
373/4
38%
105
105
103
103
*103%
58
*56
106
56%"
27
40 y8
413/4
*97%
■>:
*3%
'.'i-
33
42
*70
56
56
27%
273/4
28%
40%
41
421/4
403/4
40%
40%
58
27%
263/4
25%
43
100%
4
4
33/4
"3%
9
,
8%
,
88
.
143/4
14%
32
31V4
243/a
233/4
40
40
109
*39 Vz
.
1,100
1,300
Bristol-Myers Co common
26%
39%
26%
*26
106%
*105
*105
39%
39
*106
109
109
1,400
26
26
1,200
Brown
1053/4
*105
233/4
*23
23%
23%
233/4
*23%
23%
24
24
16%
Xl6%
16%
16%
163/4
16%
16%
16%
16%
*122%
123%
10%
*81
10%
10%
82%
80
26%
26%
102%
29%
153/4
*98
11
11%
11%
11%
11%
82
813/4
8P/4
350
27
27%
*27%
*101%
102 y8
*101%
102%
17%
17%
*17%
17%
29%
29%
29%
99
*83 %
*85
88
*84%
88
90
*85
90
88
*83
88
86
*85
90
12%
13
12%
7.%
7
72
73%
75
13%
13%
13%
14%
14%
143/4
14
*101%
101%
101%
101%
101
3%
*3%
*14%
97
20%
3,%
?%
33/4
21%
15%
15%
15%
15%
16
97
97
97
97
97
98
203/4
20 3%
21%
:
27%
*53
2
2%
6%
7
63/4
61-
24
15%
-125
45%
44
21%
21%
10 3%
"10%
61
*59%
*11
11%
*11
*513/4
.
.
53
53
117% 117%
*33%
*43
<
*
For
footnote*
i4%
*3$%
118
•
33%
44
,37%
ge
27.
28
273/4
53
7
2%
28
53
2%
30
6%
7%
7%
4,500
25»/»
.25%
25%
25%
16%
16%
15%.
16%
1,200
23,000
129%
128%
128%
*44%
*213/4
45%
50
22%
400
11 y8
7
"
45%
*44 y4
45 y4
21%
21%
59%
127
10%
10%
59%
*59%
11%
103/4
14%- 1
37%
37%
123%
*11 v*
<
24%
Sep
103% Feb
17
96%
Dec
Jun
3
35% Jan 21
26 % Jan
99
Feb
6
29% Nov
22
Feb
52% May
31% July
4
85% NOV
114% July
53
*52%
53
119
45
143/4
15%
37%
38
"
38% Jan
31
34
Feb
16
59
Feb
im
jun
11
lis
Jan
Mar 17
May 19
67
Jan
-
54
1
25
■
6
"34
Nov
18
Dec
11
42
Oct
101
52
69% July
493/a Jan
42% Sep
48% May
57% Apr
613/4 Jun
36
6 Va Feb
3
May 20
39% Feb
1
is
96
Jan
*119
34
120
*33%
34
*44
.
44%,
15%"
♦119
,15
38
3b
■
.
34%
34%-
44%.
44%
14%
15%'
373/4.
37%
70
1.000
600
'
4,900
600
34%
Jan
95
Dec
May 19
18% Feb 27
13% Sep
20%
Feb
May 17
40% Feb
30%
Oct
53 Va
Jan
23% May 19
23
Oct
42%
Jun
—2.50
38
14
..Nopar
26
5
—
2
19
15
20
7
19
May 14
72
Jun
6
11% May 19
—10
24% Feb
'
103
No par
Sep
120
Jan
22
Vis Jun
Oct
99
Jun
25%
Oct
45%
Feb
li
96%
Dec
18
18% Nov
7
33
Now
16%
Oct
84%
Deo
1193/4 May
97
Dec
102% Aug
13
Nov
213/4 jJun
153/8 Jan
6% Nov
75
-25
Mills
20% NOV
Oct
9%
Oct
35%
99
Oct
3
8
4%
19% Nov
& Light Co
Carpenter: Steel .Co—
Carrier Corp——_—;
Preferred 4% series
L
Oct
Sep
6% May 19
8% Feb
7
6%
Oct
21% May 19
30% Feb
7
20%
17% Feb 10
132
Feb 10
48% Feb 18
25% Feb 20
Jun
10.
19% May 19
,
15% Feb
9% May 17
'56
Jan
Apr
14
May 26
100
115
70
17
11
50
100
5
.10
——50
27% Dec
3
12% May 13
116
Mar 15
Mar 29-
30% May 20
.40
Apr 14
12% May 19
353/4 May 19
13
Mar 18
14%'Feb
.
1
57% Feb 18.
Jan
39% Jan
9
2.
50% Feb
7
128
1»
41% Feb 24
19% Feb
May
Jan
Feb
112% July
40
May
Year 1946
$ per share
53
29% Mar
x55
22
110
Badge for Previous
Lowest
$ per share
May 14
10
—
} Carolina Clinch & Ohio Ry_i
Sep
Mar
98
May
39% May
15
Highest
A—1
No par
-
class
Oct
8
44
59% May
26% July
111
5
29
.Jan
108% Mar
46% Jun
95% Dec
Jan
2
Feb
Oct
3% Feb
53
38% Apr
25% May
130
9%
January 1
24% Apr 28
,
1
..L.Nopar>
Co——100
Oct
14
105
104
Jan
25%,Feb
t per share
-50
—
Oct
20%
Apr
45% May
110% Mar
2iy4Febl0
.Lowest
-
Apr
31% Sep
...
Range Since
May
38%
108Va Jan 4
6
Feb 10
100V4May28
3 % May 17
133/8 May 19
94% May 22
19
May 19
,
70
115
Oct
70%
22% Feb 17
May 19
25
Jan
Nov
105
18
17
38% Feb 10
May 19
Jun
4
12% May 19
preferred—100
common
Feb
3
Feb 10
May 26
Feb
7
1043^ Feb 15
100
Mar 12
95V2 Jan
8
15"% Feb
8
9% Feb
8
88
Jan 22
8C
84
6
Apr 30
86V4Feb
30% Feb
102% Apr
23% Feb
14
May 19
95% Jan
2
Nopar
1
7
106 %
27%
18%
123%
147/8
14
19
35%
2
3
5
36% Jan
11
102
Jan
21
May
13% May
120
Jan
9
May
72% Jan
25»/4May
99
Jan
14% May
Nopar
—Nopar
1
Inc
63
Jan
109% Apr
28a/4 Feb
10
173% May 19
253/4 Jun
11
31% Feb 10
May 1*
106% Jan
15
—
Power
Dec
Jan
13
30
Canadian: Pacific Ry
.
35% <Dec
12
72
3
May
'
! Carolina
107% Aug
ll3/e Jan
87
^Canadian Breweries Ltd—.—No par
30
n'9%
Dec
4% Sep
30% Dec
13% Feb 21
8% May 19
Nov
99
49% Feb
100% Mar 29
—15
Nopar
Administration
$3 preferred A
Apr
Oct
*•*
—Nopar
Co—
Capital
Mar
27% Nov
'
37% May 19
32
35
73% Jan
112
35% Feb
383/4 May21
5
Sep
23% Feb 24
;..97%Marl4
—100
common
$4.25, preferred 1.
Canada Southern Ry
Cannon
83% Apr
46
May
30% Feb
28% May 9
14% May 19
.
:
Mar
168
Jun
/Calumet & Hecla Cons. Copper—5
Campbell W & C Fdy
No par
Canada Dry. Ginger Ale Inc—1.66%
/
Nov
18% Aug
66% May
*
300
Deo
53
14
5% preferred
200
59%
143
3
14
—Nopar
—
Callahan Zinc-Lead
;
36% May
112% Aug
17% Feb
California Packing
;
620
123/a
*521/2
44%
33
44
14%
59%
*11 y4
53
JLIO
33%
'
43%
6O1/4
11%
*52%
11%
7
Per
18,000
130
21%
11%
Jan
28% Jan
EXCHANGE
9,500
7y«
21%
103/a
53
Jan
58
NEW YORK STOCK
"1,600
•
23/0
16%
*44%
61%
112
28% Oct
102
May 17
Shares
28%
53
-
44%.
118
Sales for
• per share
2y»
Xl28%
103/g
Dec
7
'
-
21%
Bros
the Week
243/4
"
-
7
2
Jun
Butte
1,400
Friday
28
53
2Va
Xl6
33
■
,143/0
127.
-
21%
June 13
J per share
54%
24
.
Apr
106% May
39 % Feb
Jan
Oct
58
preferred
100
Copper & Zinc
5
Byer$ Co (A M)——
...Nopar
Participating preferred
100
Byron Jackson Co
:
..Nopar
onf>
3%
'
16%
37
STOCKS
'
*53
6%
233/4
*21
'June 12
2%
.27%
54%.
2%
21%
Thursday
$ per share
273/4
54%
*44%
*21
10%
21
June 11
$ per share
233/4
15%
153/4.
I22
122
.
*96%
Oct
15
33%
4Va%
60
June 10
27%
Butler
800
•
28% May
35% Jan
16%
Nopar
Bush. Terminal
340
Jan
Oct
com
Bush Term Bldg 7%
3,700
Apr
43
49% Feb 24
Burroughs Adding Mach
.
.
150
14%
3%
-
LOW AND HIGH SALE PBICES
Tuesday
Wednesday
233/4
'
77%
101
15%
2
\
„
15%
:
*53
:
1,300
*20
.
$ per share
27%-
3%
9,400
73/4
•96%'
June 9
,
13%
*7%
*73%
13%
15%
Monday
•
13
73/4
77%
101%
33/a
CLOSED
13%.
7%
*73%
73/4
78
13%
*143/8
EXCHANGE
13%
13%
*7%
*75%
30%
Oct
15% Nor
76% May i9
100
Co
Nov
2
Burlington Mills:Corp com—r——1
4% preferred
:
:
100
3 % % conv 2nd preferred
100
3%% preferred
:
YOQ
.
130
Mar
11
30%
2
17
6
25% May 17
19% Apr 19
__5
Co
110
13
'
*101%
*loi% 101%:
i per share
13
7%
76
100
Forge
Bulova Watch
11,000
99
16%
Co
May
118% July
Feb
17% Feb
98
Buff Niag El Corp $3.60 pfd—100
Bullard
..
1,200
163/4
16%
*98 Va
16%
*83
June 7
31%
16%
99
*84%
*20%
x31%
153/4
(The)
preferred
Buffalo
500
400
*98%
88
97
31%
$5
200
183/4
15%
86
6%
28
101%
98%
*84%
12%-
28
101%
*17%
.
*98
98%
*81
Saturday
30%
28
Budd
73
Nov
•
No par
__—
25,800
81
-
6
'Jan
Feb
111
104
Nov
Bucyrus-Erie Co
7% preferred
123%
81
26%
15%
15%
*121
10%
17%
29%
29%
123%
81
102
*17
17
*121
10s/s
*101 %
16%
123%
.
..No par
$3.60 preferred
Bruns-Balke-Collender
i
600
4,200
8oya
'
26%
102%
*121
123%
1053/4
Inc
Co
46% Sep
62
Jan
110% Jan 31
108J/4 Feb 15
4
7"
18% Jan
-2.-50
3%% preferred
Brooklyn Union Gas__
Shoe
Feb
15%
of America..
20%
16%
STOCK
60
Corp
20%
20%
26%
253/4
107
39%
"Brewing
•
.
24
18% Oct
37% Sep
—
25%
20
May
39% Feb
24% Nov
24% Jan
RR! (assented)-100
Maine
25%
*106
31
31
Braniff Airways Inc—
.
Jan
No par
25%
20%
May
Sep
18% Deo
21% Oct
8
7
2
19
common—*..
25
26%
*121
B
25
40
57
21
19% Feb
Nopar
4,600
108
64% Aug
41% Jun
Oct
—5
A;
333/8
26%
*105
class
Co
x32s/8
26%
*23
Ami
33%
38%
Dec
9
11
May
88% Jun
10
..Nopar
32%
*20
25%
48 %
66
26% Feb
Brass
33%
108
Oct
Sep
Apr
26% Jun
May 17
21 '/a May 20
2.50
* 323/4
40
30
36%
36
Jan
x203/a Feb
&
Bridgeport Brass Co—
Briggs Manufacturing
Briggs & Stratton—
20
12%
5
54y4Jan
28
..No par
2,600
109
8
Feb
38% Jan
30% Jan
Jan
—5
preferred
&
May 19
103
-
..Nopar
14%
243/4
47%
557/s Jan
6
27l/aFebl7
12% May 16
———1
-
14%.
1,300
87
Feb
3
14%
9
8%
Oct
27
xU%
193/4
107
'
*86
Nov
Oct
18%
Feb
143/4
20%
*105
'
-
11
Jan
9
•
/ 17%
66
Bower Roller Bearing Co
.
83%
7
18% Jan 23
88
19%
109
t:-
Co
conv
Boston &
GOO'
35%
Jan
32% Aug
14% Feb
7
150
*86
233/4
*107
*333/4
Oct
23% July
37%
7
14y2 May 19
25
May 21
12% May 19
18% May 19
41
Apr 26
14%
31%
243/s
'
•
41
Jan
Jun
40% Aug
25% Jun
8
46 % May 20
...J.®
14%
31%
35
Oct
6% Nov
8
136% May 19
Co (The) ———
_15
Borg-Wamer Corp——.
5
3%% cum preferred
-—100
200
4
8
Nov
Apr
10% May 21
Borden
1
10% tfov
16% Sep
973/4
1&% May 19
•
Co—__—.....No par
W)
Bond Stores Inc
-
100%
.
10
34%
135
'
May
69
5% May 27
.No par
9
-
^86
14%
*34
-
,*3%
6,500
Sep
Nopar
—100
87
9
8%
87
*70
1
35
.34%
:
35%
4
IE
Class
2,600
44 3/4
44
*37%
4,800
41%
40%
443/4
IOO1/4
Bon
20
28%
25
lnc___No par
Carp
Bohn Aluminum
30
58
273/4
41%
43%
*97%
4
*34
41
99%
33/4
*97%
105
*56
*97%
42
40%
100%
33%
*8%
'•
*56
*103%
105
42
1
—
(Del)'
Boeing Airplane Co
■
Oct
Jt6y8Feb
13
May 19
Feb 27
105
—100
Laughlin Inc
Bloomingdale Brothers
1,500
14%
22%
X53% NOV
24% Feb
16% Feb
25y4Feb
,
i5
14
May 19
18 y4 May 19
.10
preferred
$2.25
Bliss
5,200
36
263/4
.:
1
70
-
14%
36%
56%
t;.
Bliss
1,200
363/8
*105
14
NOV
16
203/4 Apr
.
—1
Blaw-»Knox
v
500
14 S/8
1
*.
—
Bigelow-Sanford
3,800
46%
18:
10
5
Steel
'
3,300
Co
Birmingham Electric CO
Black & Decker Mfg Co
i
600
16
33
*14%
*31%
15%
*31%
„
1%
400
26%
X26
,14%
r
—Xt
Jan
'
50
—5
Co
fe
Bethlehem
700
•
16
130% Jun
114
73/8 Feb
49
Feb
47% May 20
50
Co—
Best Foods.
83%
48%
60
-
Loan—No par
Cum pfd $3.25 ser of 1946_No par
81
143
51% May
NOV
Mar 17
123/8 Feb
liy8Mayl7
93/4 May 19
Beneficial Indus
80 3/4
153/4
NOV
105
27% Jan 30
4% May 19
39
May 16
—10-
preferred—:
22%
*48
31
19
68% Mar 19
,;
.
Bendix Aviation
27%
♦139%
13
May
Mar 27
15%
3
...Nopar
Corp
Howell
22 y4
15%
49 % May
94
27% Jan 27
RR—
Aircraft
&
79%
48 %
Dec
Dec
xl7V2 May 13
.
Jun
26%
68
.39% Mar 31
27%
48%
15
30% Jun
80 y8
140% 140%
83
18
Works
Packing
223A
*i5y8
29% May
Sep
12
40
28 3/4
*140
Oct
31 y2 May 16
98
27%
13
45
L50
Creek
79%
273/4
Jun
15
xl03%Marll
22%
28
May
125
183/8 Feb 18
29% Jan 29
preferred
*27%
.
121
Oct
13
120
7% May 17
4 y4 %
1,700
Oct
19y2 May 14
Belding-Heminway——...No par
*
Aug
78
100
;
13yaMayl9
-100
4% preferred-—-—-—
100
Bangor & Aroostook
;
_50
Conv 5%
prefer/ed
100
Barber Asphalt Corp (Delaware) .10
Bell
6,800
58
Feb
253A Feb
.
16% May 19
40
•
30%
18
May
May
148
Sep
—5c
Bell
2,100
500
„
106
30%
.
.
Apr
-
153
Dec
343A Feb
13% May 27
Beech-Nut
700
13
19
30
*105%
-
13%
12%
57.
Deo
46%
2
10
113% Apr 22
22% Mar 11
53/4'May 16
1
Beech
32
13%
•
35
32
1,500
Jan
..No par
Beatrice Foods Co.———
25
33/8% cum conv pfd—
100
Beck Shoe 4%% preferred
100
Beech Aircraft Corp———
1
300
6%
99
36% May
30
Aug,
32% Jun
124%
Mar 17
112
Feb
18% Feb
May 19
May 28
May
112% Feb
125
4
49
Jan
31'/a Apr
Bayuk Cigars Inc
60
*32
Feb
134
No par
($1.20)
Bath Iron Works Corp
170
6%
29%
106
:
104
106
35
29y8
*105 %
48
104
*105%
106
Nor
Feb
'I Barnsdall Oil Co——.
700
18%
Dec
Oct
17
Feb
.
100
..Nopar
Locomotive
,4%%
18%
12
39
Barker Brothers
700
19
106
1
4
Nov
203/a Feb 13
132j/2 Feb
4
17
13
90
16
29%
106
51%
12%
...
30
-
26%
29%
106
.
62
28%
26%
*16
46
-
105
106%
123/4
8,900
300
50%
52
*50
18%
12%
13
15%
62
21%
20%
20%
51
20%
*50
*12%
14%
50%
50%
49%
15%
Jan
102
17% Feb 13
62 1
.
17,100 ■.«; Baltimore & Ohio——._
62
*61 :
61%
.
14%
13
12%
12%
12%
60
*12
15
66
100
Feb 17
113
102
(B. T.), Inc.
Baiawm
'
14
19
40% Apr
25
b
Babbitt
7,000
„
.
—5
Mfg Corp (The) J
$2.25 conv preferred
!
110
10y4Mayl3
143/8 Aor 14
118
May 29
112 y4 May 16
100
Avco
800
18%
6
42%
Mar 29
Co
.'
13%
Jun
65
77
Automatic Canteen Co of Amer_,—5
500
July
172
Sep
7
Jan
22
15
107y2 Jan 15
98% Apr 14
21% May 19
-—
prior pfd
Autocar
139
Oct
i4»/4May23
100
conv
Conv
200
Sep
125
102 y2 Jun
Austin Nichols——...—___No par
1,900
3,900
3,100
9,100
112
Jan 10
55
—I
preferred
Atlas Tack Corp—„
4%
18% May
161
——,—_——No par.
Atlas Powder
10
:
$ per share
130% Jan 24
10
59
1_100
Sep
May 21
10% May 19
pref_series. A.
$3.75 series B
Atlas Corp
500
13%
22%
6%
conv
Preferred
'
3,500
•
118
20%
13%
2,350
23%
63%
22
'
13%
23%
118
13%
"
5"
♦41%
42
*24
102
10%
May 19
40 Va May 17
23% Jun
4
non-cum
.4%
.
180
110%
101%
22%
6%
.
20%
,
63%
34%
110
102
21%
13%
21%
21
33%
35%
111
101%
6
10
5%
Highest
< per share
No par
Atlantic Coast Line RR—,
75%
*12%
6%
*12%
23%
*70%
*109%
27%
*24
27%
*6%.
6%
13%
116%
118
24%
75%
15% Mar
38% Jun
100
100
Topeka & Santa Fe—
preferred
5%
12%
102
6%
1,200
49%
110
*12%
Atch
7,400
$ per share
1
103
No pur
Co
12%
101%
*24
80%
107%
77
106%
Investment
49%
62%
*24
1%
Assoc
47%
110
*116%
140
47
share
140
—.—1
__~i_—100
100
12%
110
118
27%
77%
108
6%
80
118
Year 1946
Lowest
,
93/4 May 19
.No par
Dry Goods
1st preferred
2d preferred
11%
75%
32%
119
117%
*44.
Corp.—
46%
24%
.
24
94.
*70%
*117
119
*117
47
75%
106%
11%
*117
117
74%
105%
119
*44
117
47
117
120
,5
—.
Associated
*44
*116%
400
15%
10%
117
101%
70
14%
*116
33%
104%
6,100
16
120
33
*103%
$ per
$6 conv prior preferred
No par
We preferred-,
180
Armstrong Cork Co
No par
$3.75 preferred—
No pur
Arnold Constable Corp——5
1,200
•
14%
117
110
42%
10%
*119
74%
Armour & Co of Illinois
18,200
116
42%
Range Since January 1
'
Highest
Lowest
Par
14%
*115
*44%
J16
43
104%
Range for Previous
STOCK
Shares
15%
15%
Monday, June 16,. 1947
r
EXCHANGE
♦143% 158
148
*103%
.
11%
11%
11%
NEW YORK
11
14 %
*10%
"
v •"
•
the Week
fper share
117
116
*114
*143%
14%
15%
CLOSED
11%
11%
11%
11
a
Sales for
Friday
June 13
12
tper share
103
103
EXCHANGE
$ per share
,
39
'*3&'%
STOCK
June
148
114%'115
*143%
.
share
J per
f
•
,
Thursday
June 11
June 10
June 0
June 7
•
v.
STOCKS
tow AND HIGH SALE PBICES
Wednesday
Tuesday
Monday
Saturday
.
Oct
12% Nov
Highest
9 per share
47% Apr
58
Apr
7% Feb
123/4 Jan
40% May
18
July
Nov
147
May
43
Oct
58
Jan
24
Dec
25% Deo
113
11% Oct
51% Nov
12%
50
112
Oct
Oct
Sep
22% Feb'
73% Apr
21% May
59% May
May
39% Deo
61% Jan
137
38%* Deo
Sep
13%, Nov
.34
34 y4 Nov
60
39
Jan.
.Feb
THE COMMERCIAL & FINANCIAL CHRONICLE
.Volume 165 : Number 4603
YORK
STOCK
June 9
4 pet share
4 per share "
STOCKS
Thursday
Wednesday
Tuesday,
June 10,,
Monday
June 7
$ per
tper share
Friday
June 12
June
share
$ per share
,
Sales for
June 18
-
NEW
the Week
S per share
Shares
YORK
Range for Previous
STOCK
Range Since January 1
Highest
EXCHANGE
v
6%
6%
,
33%
'V
20%
;
*
140
20%
'20%
18%
18%
*20 %
9
*113
STOCK
3,600
60
■53%
*
22
'
,
144
*20%
140
,
9
19%
191/4
9
9%
20%
19
18%
20%
1
8%
8%
8%
9
8%
'9
9%
9
9
8%
113
*112%
6,000,
20%
19%
,
113
113
*92
94
*1121/4
112%
112%
*92
*92
94
94
*92
'
3QO
Central
Foundry Co_.
j,
2,200
1
•
27%
*10.
CLOSED
5% V 5%
*5%
," 5 %
'27 %
11
271/2
28
*10
131/4
13%
*22%
23'%
'13%
*23
20ya
20%
20%
Central
Hudson G & E
Corp_No par
1131/4
105%
•Central
60
101/2
'
30%
*10
11
32
.
14%
14
14 »/2
13%
14%
14,900
24%
24%
24%
25'/4
400
21% > 21%
!' 21%
22'A
1,400
21
21
11
•;
105-
105%
II—
25
42
*51/4
10%
v
71/8
5%
13
13
600
Checker
300
// *31/4
43%
9,200
95
95%
2,l0O
1,700
•25%
26
"
»
3%%
81% May
23% Sep
161%
Jan
Jan
38%
Jun
21% Feb
6
Jan
Oct
22%
14
20
Sep
23
,20
July
19
Sep
29
Jan
14% Jan
2
8%
Oct
173,4
Apr
2
4-
9
Sep
13%
Jan
110%
Jun
116
Deo
102% July
23% Jan
Jan
96% Apr 15
12/2 Jan 31
33
29i/aApr
19
35% Mar
6
11% May 19
21% Jan
2
143/8
jan
25% July
20% May 19
28V2 Jan
7
23%
Nov
43
Feb
10
213/4
Nov
par
Feb
26%
18
27
20% Feb
Nov
42%
Dec
24
313/4
30
Sep
11
Jan
1103/4 Jan 23
11
10% May 10
Sep
51%
105
Jan
Jan
25%
Oct
Sep
114
Jan
Oct
32
Apr
12%
13
Feb
May
Jan
3
30% Mar 10
173/a Mar
25% May
41/2 Jun
10
543/t Jan
2
483/4
Oct
66%
Jun
Jun 12
95% Jun
11
7 3/a Feb
3
~47/a
Oct
18%
Jan
123/4 Jan 29
Jan
23
5
25
1—100:
.95
Co_
No par
'3% Apr
:
preferred
89
8%
143/4 Feb
19 % May 21
103
1.25
.1
Jan
,90
No par
Mfg
conv:
138
11
;
39%
40'%
24
24
*511/4
52%
*51
*■561/4
57
3%
39%
991/4
100%
■5%
5%
5%
11%
11%
11%
11%
11%
5%
5%
5%
5%
51%
3%
*3%
8
26%
"
53/4 May 19
'
___1
6% May 19
41/4 May 17
i,/.
A
11,200
4 -
*3%
Chicago
Corp
2,000
Chicago
Great
5%
2,20Q
900
-
,
West RR
50
Co
'
preferred
Ind
Chic
•Class
200 "
(The)
95/a
Oct
26%
% Jan
2
7%
Nov
14% July
8% Feb
1
5%
Oct
17%
&
Louis
B
Ry
Co
Jan
15% Feb
A__25
:
83/a May 19
43/4 May 19
50
cl
7
Hi/4
Feb
9
J
Oct
33%
7
Sep
153/4 July
33/4
10% Jan 30
Oct
11% July
J
2 7/8 May
NO par
/
21
6 3/8 Feb
'
4
8%
8%
63/4Mayl9
14% Feb
8
11%
Sep
38%
Jan
28 %
29%
7,300
Series
A
preferred
'
100'
.233/4 May 19
38% Feb
7
3C%
Sep
823/4
Jan
18%
19%
4,100
Chicago
&
Northwestern
No par
14% May 17
27% Feb
21
153/b
Sep
43%
Jan
41%
41
41%
2,600
5%
.preferred L_——^
—100
Sep
76%
Feb
26 ;
1,900
Chicago
53% Feb 13
28% Mar 6
34%
25%
36'A May 19
20% Jan 16
17
Nov
373/4
Jan
52%
52'%
,51% May 19
553/4 Mar 25
45
Dec
59%
Jan
56
56 '
100
55
Dec
673/4
Jan
300
Pr pf
($2.50) cum diy
Chicago Yellow Cab—.
;—No par
57% May 15
13%
<14
Deo
25 %
Jan
16%
16%
300
Chickasha
153/4 Feb 11
21
Feb 18
14
Oct
25% July
5%
5%
1,600
Deo
15
Jan
Sep
75% Oct
53
May
141
Jan
9
25%
X25%
52%
*51%
52%
57
*56
57
%J
5%
105
5%
38-
38
102%
-
*13
17
5%
38
38
101%
13%
*16
16%
5%
25%
13%
13%
♦16
37
8
18%
40%
*51
101
Class
14
40
111 RR
East
26%
"8%
40%
13%
'
37
500
&
18%
24%
5%
'7%
3%
39%
16
Chic
27%
28%
♦561/4
*
:
8%
'
%;
171/4
57
98%
27%
5%
114
5%
51/4
5%
27
; 52 %
16
5i/a
*36
7%,
3%
24% •
*12
16%
71/4
5%
-
16% v 171/4
39% •39%
'
7%
7%
■7%
ll'/s
-
5%
*56%
13
■*'*7%
7i/a
7%
5%
10%
*24
4%
'
7% ; 8
26'% '27%
81/4
171/a
4%
71/4
;
5i/8
*3%
27%
4%
7%
3%
7%
4%
4%
■4
rj.
'<
17
*16
42%
95%-
'■
261/2
13
*25%
43%
95
*5
5%
!
25%
42%
95%
109%
22% Feb
No par
Chesapeake Corp of Va
Chesapeake & Ohio Ry
26
42%
Sep
1
preferred
Cab
Nov
8
,
No par
:
Champion Pap & Fib Co„
$4.50
Nov
18 3/4
104%
Feb
64
3
Products
Co
12
25
;7%
;
10%
10%
*5
Belt
80
42
: 3%
V
*6%
7%
6
•
Chain
54%
108% Jap
6
156
Apr 28
32% Feb 84
4% May 19
20% May 19
•93/4 Apr 14
Copperr._____Np
105
42%
3%
7%
7'/a
7 '/a
Certain-teed
Jan
'
*~4
*3%
Pasco
Jan
Jun
10% Jan
116
Feb
New
105
25
'
-41%
43 '
de
of
105
12
•
r
7,300
95%
*24
Cerro
3,600
11;
31%
RR
10%
55
183
8% May 21
112 % May
6
1
preferred__100
pfd 3.40% ser_100
Jersey
100
Central Violeta -Sugar Co
Century Ribbon Mills
No par
-
Oct
Nov
Nov
31%
153
7% May 19
No par
Lt 4%%
111
tCent
1,400
24
*105
.
».
*24
-'
29%
30%
31%
31%
18% Jun
6%
$ per share •«
x22% Jun 11
.•
197/a May 19
Cent NY Pr Corp
••
5%
*231/4
J05%
10%
II
30
31%
5%',
"13%
"
201/2
104%
5%
*10
11
31%
23%
IO41/2
*l0i/2
29%
*10
31%
13%
31
29
•
'11
30%
30%
5%
5%
5%
May 19
Jun
13
158% Jan, 7
Jqn 12
xl39
5%
\
'
EXCHANGE
49 %
•17 % May 19
8
Feb
39%
Highest
4 per share
73/4 Feb
13
May 23
20'A May 20
preferred.
Central Aguirre Assoc
2,000
9i
94
105
2,500
9%
■
Tractor
a
iNopar
Corp of Amer com_^To par
^4.75 1st preferred-,-;-.
No par
r: '7% 2nd preferred-^
»
_100
Celotex
Corp
Y'-'
No par
130
•
Jan
Lowest
4 per share
29% May 19
138
Celanese
•
' 24
*
6
_1
25
100
.
Caterpillar
,
700
'
;
,;140
22%
9
'18%
32,600
{
104% >105%
,23%
23
22
*
Preferred
3,400 "
55%
21%
Carriers & General Corp
Case (j I) Co
2,000
"
'
114%
94
*92
54
34%
-144%
'*142
1051/4
*139
22 7/8
20%
18%
,
21%
*20%
•'
t)3%
105
141
22
: 20%
lB'/a
■'
8 7/8
9
*8%
*
6%
33%
144%
"
X139
,' 21%; 21%
22%
54
IO51/2
•
x6'/8
34%
*142
22%
X20%
*105
'140
140
141
21%
""
•
'
105% *
105%
"
■33%
35
145
v
'• .''i53%'
,
31%
105%
6%
6%
34
145
•
52%
53%
20 % ,21%
-
105%
6%
' 33%
144
'
,
•33
X144
'
52%
52%
*6%
...
341/4
144 :■•• :•
»1TO
6%
$ per share
Par
■
.
6%
Year 1946
Lowest
'
-
19
RECORD
LOW AND HIGH SALE PRICES
Saturday
(3179)
/
100
38
*36%
102%
105%
Chic Milw St PI P vtc
10,300
.
Tool
$3 conv preferred.
tChilds
Cotton
No par
No par
1.
Co
54
Apr
,12% May
8
15% Jan
13
10
!•.—
*
7% Mar
•
1
10
105 % Feb 11
Jun
37
5
6%
42% Mar 17
85% Apr 15
.25
'
8
.4% May 17
No par
—»
Copper Co.
Chrysler Corp
33,300
IVo par
Oil
Chile
40
105'A
Pneumat
—No par
*
36
■
' 27
v
*108
"
110
26%
27%
-
110
23
"
*22%
24
23%
391%
397/a
39%
40
39%
28
'28
28%
110 "
*108
24
24
42%
23
41%
28%
42
28
27
28'A
23%
27%
42
*1081%
22%
27
*108
27%
28%
*8
a
28
87
*13%
8
24%
*150
90
*80
,38%
,•;*■:
Cinn Gas & Elec common
23 3A
1,400
Cincinnati
423A
9,600
C
/
110
Preferred
13%
III *
700
283/a
28 3/8
85/a
8%
88
15%
25%
25
*150
9
c-
.
90
.
15 %
80
85
*80
85
I 28%
28%
108%
€4%
84%
*48*
51
/
Y
*
38%
38%
•-'■393/8
39%
•llO'/a 111
*37%
128
•
'
~
108%
'
28
111
'
' 29%
'
108
"
152
6%
111>
-
10
$4.50
•
-
5%
(The)
183/s
173/4
18%
6,400
37
38%
38
39 %
2,300
Special gtd 4% stock
Climax Molybdenum
Clinton Industries Inc
38
38
,"'39
40%
3,700
Cluett
150
*145
39%
150
X36% -37
37
37
37%
*145
*84%
-
10
85%
"
*144
Clev & Pitts RR Co 7%
20
51'
*48
Peabody
Preferred
I
'
150
LOW AND HIGH SALE PRICES
&
Oct
27%
Sep
44% May
9%
Oct
88%
Deo
22
May
108% Mar
32% Feb
114
11% Feb
94
10
6
28
Mar
20% Feb 18
261/4 Jun
May 19
205
Feb
105
Jan
108
Jan
4
109
Sep
113%
Jan
30/2 May 13
Mar 3
106
Jun
108 Vi Mar
106
Apr
86
Apr'li
95
May 19
39% Mar 14
27'A Jun
10
106% Jan
10
109
101
22
153/4 May 19
22
99%
Jan
Feb
18
56 %
Feb
24% Feb
<46% Apr
Jan
67
831/2 May 27
50
sx._50
Jah 28
115/2 Feb
110'A Apr 22
—No par
3
19%
Deo
'
32
Co-
393/4 Mar 12
243/4
Sep
37
No par
—100
May 21
Jun
48% Mar
6
39%
Nov
7
152%
Jan
147
10
154
Jan 27
Feb
'
Saturday
/"
Monday
June 7
'
153
155
62%
•1150
X155
:
62%
'
X61%
40
39%
103
103%
31
31
13
13%
EXCHANGE
*17%
"
'10
"-40%
403/4
41%
34
•
133A
14%
173A
18%
18%
10%
10%
11%
ll'A
10%
103/4
*103/4
11%
*10%
11%
11
11%
50
10%
*10
103A
40
14
117%"
10%
11
103
-
'/
133/4
14%
9,700
Colo Fuel & Iron Corp—
*173/4:;, 18%
26%
26%
26%
263/4
263/4
*27 Yb
27%
10%
10%
10%
10%
10%
10%
103/4
11
10%
31
31%
31
31
31
32%
32%
33%
323A
15%
15%
81
42
v.
37%
38%
106%
106%
22 Yb
117
27%
27%
27%
27%
"
38%
38'/2
*273/4
27%
>■
1063/4
22%
16%
76
76/
423/4
43,
401/e
40%
491/4
40%
91/4
'9%
'25%
*32
7
32 v
25/8
27/s
117 293/4
9YB
•91/2
,
•
'253/4
*133A
*liy2
'
*30%
2%
24-
117
2%
2%
117%
3
-*9%
-9%
9%
93/4
93%
263A
26 'A
26%
31
31
-
26%
26%"
5%
*30%
32-«
31;
106%
1063/4
5%
5%
25%
106%
106%
106%
16,100
1,200
14%
14%
143/8
14%
14%
11%
12
12
11%
12 ;.
45
451/a
44%
46 ;
12%
12%
12%
13
13%
13%
123/4
133/a
12 3/4
20%
21%-
21
21%
20 3A
14%-
"-13%
14
>
14
'
1
20
203/4
203/4
131/2
141/8
13%
13/2
13 %
34%
34 5/s
34%
34%
•34%
113%
113%
X112%
113
36
36
15
X14%
101 %
*97
10%
493A
48 3/4
483/4
49
49%
-
7
,
7%
40%
413/a
41%
♦143/g
147/a
14%
14%
14%
14%
15
12%
44
44
44
12%
13
13
1
i
: •* •
.
■
50
1043%
26/2
1043/4
♦104'A
.13 3A
"•
543/4
553/4
49%
X44-%
.
13
,
*97
1051/4
65%
61%
188 %
5%
5%
5%
3%
36%
29%
105
'
48
3%
283/4
24
104%
26%
104%
188%
105%
page
1051/4
26%.
104
65%
3%
48
-
189%
30
10%
35%
*48%
27.
36
50,
50
5
7%
73/«
.14%
13
.
-553/4
45
v
*47
•
14%,vl43/a.
•
14%
*441/4
105
3y4
3%
29%
303A
*105
106%
X27
:
*104
105
66%
.67%
a!88% 188%
5
15
56
*1.04%
105
■653A
140
1
5%
3%
3%
30%
106%
»710
2,100
■
90
60
3,800
•2
80
5%
3,400
Comell-Dublier
Sep
30
Apr 14
35% Feb
11
33
Oct
40% May
55% May
4% May 19
243/4 May 23
Feb
7
5%
29% Feb
3
24%
Oct
108'A Mar 26
105%
Sep
Corn
Exch
Bank
3%-%, preferred:
Cum. pfd. 3%$>
Corn
■
<51
11% May 21
:
1
15% Feb
17
,
lliy2 Jan
No par
35
9
.
5
Jan
32
Aug
3
6
<
Deo
Sep
54%
12%
10
Feb
22
Sep
109%
Jun
101
33% Sep
103% Nov
Nov
18 3/a
:3
46%
Nov
Oct
63
Jan
24
Jan
10
8
Jun
11
33%
Oct
15
Feb 19
NOV
Corp
13% Nov
30%
Feb
Mar 25
46%
Deo
56
Jan
7
12%
Oct
23%
Feb
55
Feb
5
50
Oct
60
Apr
27%
Jan
67%
Jan
11
/
Co
ser
Coty
100
pf 1947—100
200
100
3%%
:
61
.Apr .14
243/4 May 15
1013/4 Apr
2
^
IOO
185
192
B
—
••;,
common.,
preferred
Wheat
&
42 preferred
100
i
Corp
Seal
r
25
(The)
2
Apr 25
J"h
6
3
May 14
26% May 19
103% Apr 15
24
Apr 29
No pa>
31% May 19
No par
47
Jun
2
25%
Sep
Oct
;
.
I
39% May
Deo
,
1093/4 Aug
,
.
105% Jun
25
52
101%
7
Jan
32% Feb 19
I05%lrci?
6
102% Apr 17
64/4 May 20
Refining
Inc
Co
"52
__20
Xl2% Nov
20% Feb 13
12% May 17
.)
49 % May
*23% May
Feb
18 3/4 Feb
53
May24
i
Feb
,16
43
May 116
12% May 19
v
113% Mar
8%
12% Feb
19
Apr
July
7
541/4 Feb
•
Jan
53%
9
8
13% Feb
May 17
1153/4 Mar
35%
,108 3/s Mar 28
■42
■48
50
kin
Feb 24
44% Feb
12% Apr .14
No par
No par
Jan
47
Nov
14% May 19
14
33%
Sep
17
1061/2 Apr
May 19
Apr
Nov
16%
7
14
35
5
i.43/4
0
6
20 3/a Feb
May 20
6% May 19
.1
Apr
May
Jan
48
44
10
;
60
38% Feb
Xl05% Jun ,11
5
25 3/a July
233/4
Jan
114% Feb
13
>•
13
17% Mar
131/a May 27
•97% May 21
!_20
-
Feb
Feb
133/4 Nov
2
30
3 2'/4 May 19
—No par
Sep
103/4
36
<
,
1093/a Jan
19 3/a Feb
May 19
12% May 19
'343/8 May.19
20
Oct
42%
10
1 372 Jun
'105/8 May 19
;_l.
17%
20% Feb 13
541/2 Jan
i
Products
"Preferred
of
*40%
7
Apr 29
401/4 May 19
100
—
Cork
51
7
11
No par
Trust
Crown
*49%
lQ6%Apr
No par
Electric
<
Feb
Nov
Corning Glass Works common—5
.
132
24%
-
Corp—.
Cream
37%
Jan
8
Steel Co
pref 6% "senes*.
800
38
111
30 3/4 Feb
pfd
inc
preferred
2,500
26
37%
23/4
2
Jun
July
32% May
53/4 Jan
23% May 19
Copper weld
37%
*25%
Jan
1233^ Jan 29
123
Jun
Coty Internat Gorpi
37%
4
;
Dec
Nov
18%
Oorp_.
Crane
25%
19
36%
Del
5,000
24%
51
of
■3,400
■36%
103%
Sep
Insurance
Motors-
33%
36
*49%
1,500
'
v
3
25% Jan 31
Apr
Sep
America
313%
*105% 106%
25 % •257%
24%
50
prior
593/4
*
.
303/a
*105%
$3
,
700
50 % Aug
Oct
12% Nov
Diamond Fibre
COoper-Bessemer
,
80
-
66
*188%
3%
1,500
Oct
36 Va
2
No par
Steel
700
Conv
27% "27%
303/a
Continental
-
*103% 104 •"
,5%
Oil
.50
56
553/4
27%
Continental
'
13
14%
*103% 104%
Continental
36%
8
14% Jan
;15
preferred—,:
9,900
13
106%
-
Aircraft
Inc-
8,100
Deo
29%
5
Baking Co
Can
Deo
78 3%
2
1.33%
—
Continental
'
2% May 19
Apr
363/4 May
20
,
33% Jan
Gas
preferred
$3.75
13
1153/4 May 22
5
Power Co_i,
Continental
:
'■
*
•
No par
Cuba 6%
3,000
7%
15
.
9
A'o par
Y
Stores
900
■>
'413/a
15
$5.50
100
May 19
201/b May 19
25
'
50%
•
41
443A
50
11
Jan
27% May 19
8% May 16
Co
Oorp
Corp of
Continental
9,200
%
Jqn
104% Jun
100
No par
No par
$4.50 preferred
.
38%
105 % "106
*10%
'
24%
of
Consumers
1,700
993A
383/4
13
*47
13%
641%
5
36%
1
Retail
71/4
50
*188 %
24
footnotes..see
551/2
26%
1043/4
5
*3
For
*47
13%
4253A
65 Va
190
5
29%
*105
50
*1033%
104
65
*188'/a
54%
RR
Consol
"
26j/2
104
13%
I
543/4
543/4
{V
*47
13%
13%
L;
*12
Consol
'41%
14% ;:14%
14%
"15%
15
44
45
*47
f.
48
12
1^5 Jun 13
3,200
41
14%
'
t: >
»
•
42
14%
12%
Jan
32% Nov
j
Jan
14
Apr 19
Apr 18
No par
N
Vultee
3,100
10%
7%.
40%
14%
47
Sep
—
Natural
Consolidated
Continental
10%
*441/2
.
NOV
8%
Rights
6,800
3,400
14%
-<
35,600
13%
153/4
40%
«l
Oct
27%
Grocers Corp
14%
*
Jan
28
32% Jan 10
Inc
Laundries
Consolidated
15
103/a
7
Consol
15
10%
7%
Consolidated
800
34%
39
47
32% Jan 21
preferred
15
10%
7
$5
2i'A
99%
Jan
10
Cigar
141/4
38%
38
No par
Edison
Edison
34%
*97
12% Oct
4
Jan
23
Coppermines Corp-
14%
49
,'t
•8
Jun
2.50
Consol
14%
*105% 106%
Jan
Aug
2.50
preferred
Solvents—L_
143/4
38 3A
39
Feb
Container
100%
Sep
47% Feb
115% Feb
180
37%
13
17% Feb 11
50
3,000
*97
Jan
393/4 Apr 28
393/4
:
41
7
112%
Xl051/2»> 105%
Feb
12% NOV
4
17% Feb
May 14
Mar 21
38%
37%
24%
86
112%
101'/a
Oct
22% Feb
,39
;07%
;15%
13
113
37
201/4 Feb 10
76
38%
*106
23 3/i
14% May 19
112%
373/8
Oct
No par
37%
107%
10%
com
35
15%
168/4 Mar 27
Pictures
36%.
113
63%
110
—No par
Consol
1,000
,
Oct
7
36%
1(5%
A
38
Deo
27
36% Jan
of
60% July i-
*99
:303/8 May 28
Consolidated
11,000
42% Feft
2
Apr 15
Feb 10
No par
343/8
34%
,,
36%
:
Jan
46
Co„-
Conde Nast Pub Inc
■
Feb
69% May
16% Feb
-
Oongoleum-Nairn
200
May 20
22% Apr ;16
Sys Inc cl A
Commonwealth
3,400
25%
106%
-
5%
25%
56 *
Highest
$ per share
104
May 17
May 17
9% May 15
preferred—100
Commonwealth & Southern—No par
*$6 preferred series
No par
400
5%
443/4
*97
8
100
preferred—100
B
$3.60
10,300
1,600
2,900
25%
5%251/4
.51/8
25
'
16% May 19
^
Commercial
-1,200
29%
11%
♦106
—20
,
Oct
61% Deo
11
Carbon
310
Feb
May 22
Columbia
98,500
r
29%
423A
14%
12
$4.25
cum
pfd w w_
No par
"Columbus & Southern Ohio Elec—.10
Commercial Credit-*
10
9,900
,117/
30%
117
29%
65% Jan
,1155
Columbia
5,300
•>
12
35
1st
non-cum 2nd
Class
20O
24%
423/4
113
May19
99% Mar 13
No par
preferred
Southern
Columbia Br'd
80O
106;
233/4
42%
*20
&
•
1063/4
12
■;
26
32
«
..
1041%
105%
42 3/8
♦11%
33
26
130
175% Jun 13
10
'
S.per share
$ per share
May 21
No par
Columbia Gas & Elec
2,000
421/4
*13%
4%
•
,25%
13%
23s/a
*116)3/4
291/4
.2%
106%
107
105%
23%
'29%
ii7
5%
25
5%
25%
106%
22%
V22%
,
-9%
*106%
*16
106%
107 •
2%
28%
5 i/a
163/4'
43%
conv
non-cum
27,400
4,300
.
cum
Colorado
3Q0
11"
323%.
79
-
5%
2,700
28
43%
*76
500
Aikman
&
July
44%
Year 1946
Lowest
,.
May 19
x6l% Jun
1140
"
"116%
32-
*16
•
-
v-
39%
.<«
25r
16%
43%
29%
26
*27
81
42%
28%
25%
"16%
*76
'42%
373/4
2%
2%
116
16
(77
41%
/■
22%
k-
■
16
77
r
41%
t
27%
•27
'
♦77'
i
263A
■
,
.
141
;
No par
Collins
26
■
|^.50 preferred—
1,200
26%
10
10
LNopar
______No par
33%
*8 3A
*9
160
:
A.—I-,—
32%
9 -i'
10
r-
(The)—
"■
280
13%
•
6,200
103
■
Co
Range Since January 1
Highest
$ per share
Par
Coca-Cola International Corp No par
ColgateTPalmolive-Peet „s
-No par
*
41 v
103
'
Class
400
,
333/4
133/a
♦10
,62%
i__
*1150
•
*102%
34
*9%
10%
9
102%
*17%
10%
10%
' 403/4
62
,63
■
Coca-Cola
'
Lowest
;
/
"
!
t
3,900
17%
32
*32%
"
'
CLOSED
40%
102%
"40%"
103%
13
17%
*1150
—
'■
STOCK
EXCHANGE
Shares
1693/4 175%
169%
62%
61%
61%
•
*1150
*30%
38%
103*
STOCK
<61%
*1150
-
165
NEW YORK
the Week
I per share'
.% per share
164
157
Sales for
June 13
.June 12
June 11
$ per share
156
Friday
Thursday
Wednesday"
I per share
share
per
Tuesday
June 10
June 9
S
e
62
36% May
60% Jun
165
May
Range for Previous
'
4 per share
38 % May
Sep
37
gtd
STOCKS
15% Nov
13
par
_100
48'/a
51
-18%
36%
Jan
New_l
preferred
85%
36
150
30
Feb
48% Jan 30
38% July
58y4 Apr
,178%
No par
-
Clev Graph Bronae Co
2,800
293%
109
•
;
481/s
-18
.
29%
*108
preferred
Dec
114
Nov
I00
Illuminating com_No
Dec
30%
21
100
preferred—
Cleve Elec
23,000
108
18
23
—20
'
Sep
,
Feb
12% May 19
5
^
xl73A
*48
18%
♦145
1
)
108
J
*145
84
213/4
Feb 20
May 19
8
100
*84%
86
*84%
51
36
37%
"29
-'
108
18
*
27% May 20
—_5
Ry Co
39 3A
39 3/8
39%
*110% 111
29
"
108
86
♦48
36%
*36
37«/2 May 19
•
111
27%
*83
F
par
Jan?
'
*108'
'
19
16%
-c
28
u
City
*80
111
!
Clark Equipment Co. New
C C C & St Louis
180
6
21% May 21
No par
I
preferred—'
Stores.
■
1,100
*150
108
6
29% Jan
Apr 14
10
No
2,100
180
25
Co
Corp.
51/2-%
%
'
*107%
Financial
15%
*150
"
T
8.50
100
Machine
26%
15
26
;
I
1
,
Milling
City Ice & Fuel^
City Investing Co_
1,800
88
*84
*25% ". 26
180
*80
-■:,
90'
♦110%
8%
*84
15
14%
; 24%
180
"38%
>
8%
87
87
J
.*"* *80
*
38%
*110%
90-
13%
24%
180
8'A
8
*87
k
141/4
24%
*150
112
5,900
"
8%
87
♦1081%;
27%
753/a Jan
Feb
11
7
7
58% May
*185%
8% Jan
43/a Jan
-
75%
Dec
215% Ma.
143/4
Oct
Oct
7%
Jan
49%
Jun
AYn
4
Deo
7% Nov
31
Apr
40% Feb 13
107
Mar 5
101
Nov
Jan
9
28
"Sep
43% Feb
8
32
Oct
62
Jan
47
Deo
54%
Feb
30
52% Mar 27
,
110% Aug
353/4 JaD
II
20
June 7
June 12
27%
28%
28%
28%
2,700
103%
*102%
103%
300
111
111
*111
113
190
$4
102%
102%
110%
111%
*110%
113%
*24%
25
24%
25%
25%
26%
*82
*165
180
37%
37%
36%
98 y2,
98%
*97%
37%
23%
24%
23
*97
16%
*16%
*40
8
8%
8
8%
125
*120
125
*120
125
58
*58
60
*58
59
400
4%
13%
13%
130
14o
23%
24
14%
*130
94
4%
4%
4%
1,200
*25
26%
900
*93%
95
93%
16%
*15%
16 %
*15%
173/a
*16
*18%
183/4
18%
18 5/8
18%
18%
19
31%
31%
31%
303/4
31%
108%
107%
107%
107%
107%
14
133/4
133/4
133/4
14
143/4
15%
15
15
143/4
16
34
35%
343/4
35%
35%
*35%
31
16
15%
15%
2,700
12,100
38
373/8
35%
36%
37%
37%
37%
6%
6%
37%
63/4
7
,
preferred
Curtiss-Wright
Class
373/4
6 5/s
7
93/4
,
93/4
<
93/4
9%
93/4
10%
Dana
4% %
28%
28%
30
30
30
303/4
29 %
303/4
233/a
233/4
23 5/a
23%
233/4
23%
23 5/8
23%
7,200
11%
24%
*24
113/4
11%
20%
20%
*17%
18
18
18
24%
24%
24%
25
*38%
39%
*39
173/4
18
243/4
20%
20%
20%
20%
20%
*17%
11%
11%
11%
11%
*56
65
*55
*55
65
Delaware
Escrow
ctfs
for
Escrow
ctfs
for
17%
700
25%
1,400
&
52
*50 5/8
52
*50%
52
50%
50%
*26%
27%
27%
27%
28%
28%
500
x33%
35%
35
36
35
353/8
8,200
156%
♦1113/4
16%
112%
112%
16%
16%
92%
93%
13
92%
*92 %
94%
13%
13
13
*11%
*25%
25%
*24%
178%
178%
25%
25%
178%
1803/4
127
127
127%
104%
104 3/8
1043/a
104
114
115%
114
114%
*143/4
*127
143/4
15%
%
i
114
V
143/4
*14%
1113/4
*1111/4
112%
300
$4
17%
10,100
94%
*92%
94%
300
13%
133/4
800
Dunhill
26
1,100
185
7,900
Du
127 %
127%
1,000
Preferred
104 %
104%
104%
1,000
Preferred
1123/4
114
114
320
15
400
.t '
Tuesday
Wednesday
June 11
June 12
I per share
t per share
t per share
share
de
P
98%
34
16 Vs
Nov
31% May
28
Sep
Jun
x30% May 13
21 Vs May
35 % Jan
3
0
Nov
May
36 Va July
34%
Apr
11
17
Nov
22%
Dec
31% Dec
58%
Jun
10
31
110%
Jan
113
May 17
34% Jan
9
40 3/4 Feb
10
38% Feb
20
3334
Oct
42% July
323/a May 19
45 % Mar
0
25 %
50%
Jan
5% May 19
10% Feb
3
6%
Sep
Oct
16%
Jan
Apr
63/4 May 19
253/4 May 19
143/4 Mar 24
13
38% Mar 22
Jan
Jan
2
15%
Oct
24
23%
Sep
39% May
35% Apr
15
47
Jan
17
34%
Oct
50%
43% Jan
2
50
Jan
25
42
18
2
24% Feb
13
16%
Sep
Oct
34%
Jan
11% May 19
25
May 19
49
May 22
25% Apr
par
No par
7
283/4 May 19
16% May 14
45% May 27
150% May 19
1113/4 Apr 29
series
A
No par
5
31% Feb
18% Jan
353/4
Feb
3
2
143/4
Nov
30*
28%
Nov
52
48%
Sep
623/4
25%
Nov
48
37% Feb
13
x23%
Sep
21
37% May
293/4 Feb
76
Feb
11
16%
Dec
Jan
7
63%
Nov
108% Mar
2
143%
192
Jun
114% Feb
14
111%
Feb
Deo
118
Jun
30
15%
Oct
91
Jun
98 % Feb
19
91
Oct
19
10
15
Oct
6
25
Nov
10
161
Oct
227
Jun
Apr
5
124
Dec
133
July
No par
1033/a May 28
104% Jun
13
115% Jun
9
112%
Oct
116%
3
13%
Sep
20
1st pfd
100
DWG
B
25% Apr
15
173
xll2% Jun
12
14% May 20
194% Feb
19% Mar
STOCKS
Sales for
NEW
the Week
June 13
Range Since January 1
Highest
Feb
May
21
Year 1940
Lowest
EXCHANGE
Par
Sharee
$ per share
58% May
Range for Previous
STOCK
YORK
Apr
41% May
128
series
Duquesne Light 5%
Cigar Corp
Feb
Jan
116
May 27
1243/4 Jan 13
No par
Co
34
Feb
33%
No par
&
series
$3.50
Jun
Mar
181% Jan
100
fEI)
$4.50
Apr
8
22% Jan
3
Jan
July
10
34
May 16
10% May 19
Apr
Aug
Feb
543/4 Apr
14
1
50
24
50c
Nemours
-
.
Friday
Thursday
June 10
$ per
share
•
(15
29
Dec
Nov
No par
Duplan Corp
182 %
*
.
Sep
17
13
22
International
184
15
18
91%
Feb
May 19
20% May 14
preferred.
conv
127%
15
15
July
30% Jan 10
20
17
Industries
33% %
14
LOW AND HIGH SALE PRICES
S per
Dresser
Xll2%
114
May
94% Jan 28
Apr 25
143/4 May 20
16% Jan 16
common__No par
Co
preferred
17
June 9
June 7
Chemical
17%
Monday
Saturday
Mines Ltd
Dome
Dow
104%
104%
45
20 3% Feb
6
Douglas Aircraft
6,200
25%
Feb
Deo
Deo
Corp
3,300
*92%
127
127
1043/a
14,800
Doehler-Jarvis
533/4
26%
25%
July
203% May 16
No par
165%
263/B
1
Feb
145
9
2
A
52%
182%
30% Feb
34%
Oct
128
143/4 Jun
No par
common
164%
*127
23
16% Nov
2
Pepper Co
Xl4
26%
Oct
Apr
91
No
Co
54%
.
17%
20% Feb
132
16%
Car Co
Motor
1643/4
17
182%
181
21
Class
Dr.
T
111%
17%
■
12%
24
preferred
partic
163
112%
16%
16 3/4
*11%
157%
*1113/4
113%
*92 Va
155%
155
157%
6%
Diamond
40
26%
27
19%
Oct
28
Cup
19%
Apr
5%
6% Feb
Jan
Feb
Corp-Seagrams Ltd
27
19%
Feb
76%
No par
Dixie
14%
26%
53%
146%
Sep
13
12.60
Match
Diamond
Distil
13 5/8
26
19%
Oct
60
B
900
133/4
253/4
52%
103
Mar
21
Raynolds class A
18,600
13%
164
Feb
70
Aug
Devoe
14%
13%
26
18%
135
12% May
De Vilblss Co
400
50%
26
Feb
200
19%
82 % May
Nov
Dec
300
50%
Sep
10
10% May 19
17% Jan
3
Corp
193/4
18%
24% July
45
7
19%
Steel
41
49%
16% Nov
Feb
12 % Feb
19% Feb
56
77
443/4
19%
Mar
28
193/4
51
106
Oct
*39
19
Oct
Oct
*43%
50
18% May 17
95
60
19%
34
18
Mar 12
23
41
33%
Feb
Jun
1
1
Co
44%
33%
12% May 21
129
Jan
66
13
Stove
19%
33%
May 20
165
Oct
60
44%
26
4 %
6
Jan
35
Jan
19%
*50%
Jun
Jan
160
6
60
44
27%
56
287/a
7
Mar
27% Mar 25
*18%
52
16% May 14
39% May 17
6% May 19
113% Jan 16
101
17% Oct
2
Jan
May 17
19%
*26%
49
Jan
11
100
443/4
*50%
165
46%
23
Detroit
17%
133/4
21% Jan
7
31% May 19
98% Feb
6
Feb
115% July
20
1,200
20%
*26
Oct
23% Feb
100
com
pfd
38%
13
Dec
22
60
Edison
Detroit
38%
*25%
88 %
8
West RR
Grande
Rio
*19%
13%
29
113%; Jan
Lack St Western
*43%
25
Jan
34% Jan
54%
20
38
25
Dec
100
45
13%
29
4
*
44
13
13% Jun
No par
45
19%
37% Feb
Apr
50c
37%
*19
Sep
107% Jun
& Hudson
Detroit-Michigan
25
18
25
Jan
110
50c
Preferred
&
137% May 19
165
8
100
Inc
2,300
11%
20%
(The)__7
May 20
Jan
Detroit Hillsdale & 8 W RR Co_-10O
65
11%
115/a
20 5/a
B
1
preferred
Rubber Co
Delaware
1,300
23%
65
100
Deere & Co
2,300
9%
29%
*55
1
Records
Decca
4,200
23%
65
—No par
pfd 3% % series A
Dayton
800
29%
*55
100
Corp
Cum
4,500
7
9%
10%
pfd
Ino
Cutler-Hammer
Denver
9%
1
A
Cushman's Sons Inc 7%
7,500
38
36
37
36%
353/4
353/4
37%
355/8
No par
No par
1
$7 preferred
520
14%
36%
5
Inc
Press
Dayton Power & Light Co.
107%
13%
36
96
22
3,800
107%
35%
6 3/s
6%
6%
X15%
Apr
22% May 19
79% May 19
1,600
14
36%
35
35
*34%
14
150
31%;
303/4
107%
14
31%
108 %
128
19
19
19
Feb
105% May 19
Davega Stores Corp N Y
Davison Chemical Corp (The)
16%
*16%
16%
110%
100
100
10
100
30
100
Prior
120
25%
933/8
25%
40
25%
25%
24%
1
40%
Sep
Cunningham Drug Stores Inc__2.50
(The)
No par
3,800
140
*130
24%
24
6,000
14%
14%
14%
140
25
94
♦24%
94%
I4y4
130
23%
24%
94%
4%
4%
Oct
Curtis Pub Co
10
58
*15%
31
Cuneo
27,700
*120
120
24
108%
400
99%
25
103
Cuban-American Sugar
100
40
share
8
7% preferred
Cudahy Packing Co
4% % preferred
45
16%
*40
8'%
38%
Highest
$ per
108% Feb 24
preferred
6%
33% Jan
$ per share
Apr 29
102% Jun
2
preferred
RR
$ per share
No par
Steel of Amer
5,300
17%
45
17%
43
94%
24
*93
99%
*40%
4%
13%
5%
Cuoa
25
No par
3,200
16%
*95
99%
*16%
7%
300
'
180
*165
38%
16%
4%
*130
16%
171%
180
38
43
7%
25
Crucible
Year 1940
Lowest
.No par
Zellerbach Corp.
preferred
2nd preferred
470
83%
25
24%
*165
*97%
4%
14%
16%
17
*82
83
3,700
26%
38
99%
56%
140
24%
26%
26%
180
*165
37
56%
•4%
13%
*130
CLOSED
120
16%
16 %
180
56%
56
♦81
24%
7%
7%
125
*120
STOCK
*40
43
7%
25%
83
24%
16%
16%
16%
*40
82
24%
16%
16%
16%
*165
83
24%
5
$4.20
102%
24
Grown
28%
112
I per share
Par
102%
111%
82
Range Since January 1
Highest
Lowest
Sharee
tper share
102%
102 '/a
24
Range for Previous
STOCK
EXCHANGE
28%
x28
102%
82
NEW YORK
the Week
June 13
I per share
I per share
28
RECORD
Sales for
Friday
Thursday
June 11
$ per share
28
27%
Wednesday
June 10
t tier share
$ per share
Monday, June 16, 1947
STOCKS
Tuesday
Monday
June 9
Saturday
STOCK
YORK
NEW
LOW AND HIGH SALE PEICES
EXCHANGE
CHRONICLE
THE COMMERCIAL & FINANCIAL
(3180)
I per share
Lowest
$ per share
S per share
Highest
$ per
share
E
20%
20%
19%
22
20%
20%
21%
21%
22%
21%
22%
5,700
19%
20%
19%
22
20%
22%
20 %
20%
20%
21
20%
20%
19,500
22
22
23
23%
22
23%
1,500
*22
Eagle-Plcher
10
Co
Eastern
Stainless
19 % Jan
16
243/4 Feb
1
Steel
Corp
17% May 19
26% May
B
Eastern Airlines Inc
18
51
May 19
Jan
21
16%
Sep
Nov
30% May
5
30
30%
Jan
61
209
19
31 Vs May
Jun
Eastman Kodak Co—
45%
STOCK
EXCHANGE
44%
45%
45
44%
45
44%
184
*182%
184
>182%
*182%
184
*182%
*46%
47
46%
CLOSED
20%
*20
*101%
16%
*107%
47%
47%
47%
1,400
20%
20%
20%
20%
20%
400
103%
103 %
103%
103%
103%
103%
70
12%
38%
2%
13%
12%
13%
*153
156
137%
137% 139%
X52%
6
54%
12%
*36
38%
*107%
5%
12
*2%
17
17%
110
5%
53
38%
2%
*107%
5%
12
12
38%
*152
17
17
110
*2%
3
13%
13%
54%
12%
12%
38
*36
3
2%
14%
*102
17%
110
16%
17%
4,400
.
110
*1073/4
6%
1,200
Elastic
55
54
55%
3,700
12%
3,000
12%
.
*36
2%
38
2%
14%
14
158%
159
159
143
139
800
139
*154%
159
158%
137%
*139
143
*139%
14%
18,900
51
51
51%
51%
X51%
51%
*51%
18
17%
17%
18
18%
18
18%
18%
18%
1,000
48%
50
50%
50%
51
51
51
50%
50%
1,700
103/4
.10%
11%
2,200
*10%
10%
15%
15%
*15
15%
*15
11
153/4
15%
15 %
*30%
102 %
153/4
*15
11%
I
•■11%
153/4
16
15%
15%
10%
15%
30%
32
102%
Xll
,153/4
31%
31%
31%
102 %
102%
102%
102%
32
*102%
32%
104
52
700
*16
17
700
15
15
300
*31%
32%
1,200
*1023/4
103%
120
28%
22,800
28
27%
273/4
273/4
101%
102
101%
101%
101%
101%
101%
103%
104
103 s/8
104
103%
104
103%
104
103%
104
103%
1033/4
104
104%
1043/a
1043/s
27%
104%
104
104%
3
3%
3
3%
8%
8%
8%
83/4
28
27%
28
27%
101%
101%
El
Natural
Paso
Radio
Endicott
4%
104%
870
3%
7,400
{Equitable
9%
8,000
Erie
53
53%
53%
*71
75
*71
75
72
72
72
72
8%
*70
1,000
72
40
$6
5%
Erie
series A
Pitts
8%
9%
*8%
9%
1,200
Eureka Williams Corp
21%
21%
21%
213/4
3,800
Evans
143/a
14%
14%
14%
14%
14%
15
7,600
Eversharp Inc
36%
37%
37%
37%
37%
37%
1,600
Ex-Cell-O
Corp
7%
7%
7%
7%
7%
300
Exchange
Buffet
2,400
Fairbanks
Morse
20
21%
143/a
14%
14%
35%
36
36%
36%
73/4
7%
7%
*46%
48%
47%
47%
29%
29%
28%
'29%
5%
5%
5%
'
53/4
*7
Feb
40
Oct
112
May
Aug
27% Feb
4
109
101
Aug
17
17%
May 15
111% Feb
15
106%
Nov
43/4 May 19
8% Feb
18
6%
NOV
16 3%
Jan
50% May 17
653/4 Feb
13
50%
Oct
80%
Feb
16% May 27
108
Oct
277/a
114
Dec
Feb
123/4
Deo
353/4
Apr
333/4 May 29
39% Jan
10
34%
Oct
48 3%
Jan
3% Jan
14
3%
Dec
7%
Jan
11% May 19
193/4 Feb
8
13%
Oct
29% May
Feb
24
138
180 % May
156% Feb 24
128
Sep
Sep
12
40
Oct
56%
Jun
44%
Sep
61%
Jun
NOV
30 %
Feb
10% May 19
par
137
May 26
pat
47
Jan
'3
17% Jun
10
463/4 May 20
9% May 19
16 3/a Feb
170
x51 % Jun
24 5/a Mar
55
Feb
15% Feb
5
,
167
19
4
July
——*
21
11%
133/4 May 16
21% Feb
0
17%
Dec
437/8 Mar
X143/8 May 27
19% Jan
8
17
Nov
21%
38
2
104
Sep
27% May 17
102
107
Apr
Mar 24
Oct
33% Feb
18
Oct
41%
1053/a Jan
11
100%
Sep
106%
par
par
par
102% May 23
110
Jan
2
102
Sep
110
102% May 22
110% Jan
2
111% Mar
8% May 14
47% May 19
11
100
1
No
No
No
No
par
May
2% Jan
72
Jun
2
21
111
Jan
Apr
Jan
Mar
104%
Dec
4% May
5
2%
Jun
53/4
12% Feb
3
9%
Oct
23%
Jan
67
Feb
3
48
Oct
93
Jan
85
Mar 25
90
Oct
95
Jan
Jan
7% May 17
May 19
13 s/8 Feb
8
10
Oct
22%
Jen
24% Feb
7
15%
Oct
333/4
Apr
12% May 17
25"% Jan
7
21%
Nov
58%
Apr
32% May 19
42% Jan
9
343/4
Oct
63%
Oct
11%
Jan
Jun
8
Co
Products
18
1
3
9%
215/8
20
71
Deo
8
9
21
20
Oct
23%
4
101% Jun
May 20
50
Co
RR
Nov
39
7
100
common
pref
&
Bldg
Office
RR
190
11
Feb
May 17
—No par
preferred
preferred
$5%
3
27
Feb
25% Feb
57
19
7
24% May 19
101% May 21
preferred
9
196% Feb
423/4 May 17
152
25
Corp
preferred
9%
„
10
Engineers Public Service com
$5
6
46% May 16
4
5
Phonograph
Johnson
182% Jun
par
3
Gas
&
par
15
Empire District Elec Co
3%
53%
No
No
No
No
Emerson Electric Mfg Co
Emerson
9%
53%
Light
Battery
Storage
3
52
*7%
Electric
9%
50
shares
Elgin National Watch Co
3%
50
8%
1,850
No par
&
42% May 17
2% May 17
common
Ind Am
Power
8%
49
83/4
1,390
(The)
preferred
$6
100
1
B
3
Co
preferred
3%
.
49
83/4
102
5
Co_
Nut
preferred
Electric
409
51
18
X50%
Conv
$7
100
Auto-Lite
Elec & Mus
500
*50%
Stop
Electric Boat
300
2%
1
com
preferred
Electric
13
Inc
preferred
4%%
6
14%
158
4% %
6
38
Stores
Bros
Ekco Products
!"•
100
4
preferred
Manufacturing Co
cum
Eaton
Edison
u
10
common
6%
47%
20%
52%
53
184
*182%
47%
5%
New
22,500
20%
16%
5%
45%
46%
*107%
167%
110
*5%
52%
*102
184
44%
46%
20%
103
45%
7
Corp
May 12
44
May 19
9% Mar
8
7
F
*92
*22
223%
*102%
104
103
36
36%
42
42
21
51%
51
52%
x29
29%
29%
295/8
99
*102%
99
22
103%
6%
6
22
6%
22
22%
4
1,100
Federal Light
103%
103%
40
36%
36%
36%
800
Federal
42%
43
43%
43%
43%
44
44
600
Federal-Mogul Corp
10
10%
11
22
*10%
23%
106
21%
107
106%
*20
20%
*20%
21
203/4
52%
51%
52
52
43
42%
42%
43
*20
22%
107
11
XlO%
23%
10%
*106%
20%
20%
20%
*20%
21
21
21%
21%
52
52%
52%
43%
43%
44
1,600
233/4
108%
23
1073/4,
6,100
160
21
*52
100
21%
800
$6
preferred
Min
4%%
Felt
Enamel
54
1,200
Fidel
45%
43%
3,300
Firestone
*105%
107%
533/a
533/8
53
54
54
55
*54%
55%
14%
14%
14%
15%
15%
15%
*15%
16
1,300
Firth
29%
8,600
27
26%
107
*105%
31
>
14%
14%
19%
.18
9%
footnotes
see
10
page
9%
27.
28%
29%
105%
105%
30%
30%
30%
14%
*19%
18%
28%
30
14%
143/4
14%
14%
27%
14%
19%
27%
31%
107
*30
18%
For
Tire
Flintkote
26%
*105%
"
107
.
♦19
21
*19%
19
-
*105%
Xl8%
19
18%
9%
10
10
9%
■
20%
107
29
*105%
•
107
30%
303/4
14%
22
18%
14%
*183/4
19
10%
10
.20
.
18%
10%
100
600
20
4% %
First
$4
preferred
National
(The)
Florence
2,700
Florida
100
5,700
Co
Co
Stove
Power
Corp
Florsheim Shoe class A
Follansbee
May
30
47%
Nov
88
16
31% Feb
1
21 y8
Sep
36 3/4
Feb
4% May 19
93/8 Feb
7
73/4
Deo
193/4
Jan
24% Jan
3
Sep
26%
Jan
Sep
112%
25% Jan
20% Apr
19
1023/a Mar 19
32
May 16
60
108
Jan
Jan
29
20
100%
Feb
42 3/4 Mar
7
35
Oct
543/4
Feb
55
6
26
Feb
45
Dec
Mar
S
X36% May 27
No par
9 3/s May 19
19
Apr 18
104% Feb
6
25 % Feb
8
1073/4 Jun
12
20% May 17
26% Feb
10
*
„10Q
5
1
—100
14% Feb
20% May 17
26% Jan
463/4 May 27
42% Jun
5
61
105% Jan
10
8
4
59% Feb 28
Feb
107% Jan
60
Jan
21
3
6
10%
Oct
21
Nov
104
Sep
19%
Sep
213/4
Jun
34 %
Aug
108
Feb
34% Mar
49
Oct
70
Feb
51
Nov
83%
Apr
Dec
109%
Jan
1053/s
52
Nov
70 Va May
16
Nov
287/b July
Steel
Corp
Food Fair Stores Inc
No par
51% May 20
No paf
No par
14% May 27
24
May 19
373/4 Jan
2
No par
Stores
Carpet Co
(The) com
preferred
1,100
3.500
2
25
15
106%
Mfg Co
Corp.
13
No par
10
54
106%
preferred
.20
& Rubber
*53
*106%
No par
Phen Fire Ins N Y
*14%
107
Co
Dept Stores com
conv
Tarrant
&
Ferro
Smelt
&
Motor Truck
Federal
Federated
107
,31
& Traction
103%
363/4
21
*105%
Co
Fajardo Sug Co of Pr Rico
Farnsworth Televis'n & Rad Corp.l
*102%
21%
*105%
&
3,400
2,400
36
*20%
43
6%
36
*20
52
6
37
203/4
105%
51
29%
5%
103
10
.
105%
49%
29
22%
*35%
42%
10%
10
20%
*105
48%
105
May 21
110% Feb
25
Sep
115
Jan
No par
30
May 19
41% Jan
0
33%
Oct
57
Apr
173/a Jan
6
16%
20%
Jun
23
Feb
7
Sep
Oct
23
Mar 28
7%
No par
10
1
143/b Jun
13
18
May 29
14% Jan 13
9
May 17
21% Jan
153/4 Feb
29
13
25%
105
Oct
467/a
Jun
29
Jun
11%
Jan
21%
Feb
12%
Oct
23% May
20%
[Volume 165
Number 4603
[THE COMMERCIAL & FINANCIAL CHRONICLE
STOCKS
LOW AND HIGH SALE PRICES
Monday
Tuesday
Wednesday
Thursday
June 7
June 9
June 10
June 11
June 13
I per share
I per share
Saturday
74%
*103
I per share
*75
76
103 '
103%
22
x77
76%
103%
9 per
77
103%
77
77
103%
103%
24%
X23%
24%
25
*24%
24%
*24%
24%
24%
24%
*
*15%
16%
*16%
17%
17%
18
xl6%
39%
39%
39%
39%
39%
39%
40%
41 %
*13
*13
15
15
*13
14
*24%
6%
41
41
100
13%
13
13
23%
24
24%
26
25%
25%
24%
25%
95
96
95
95
94%
95
95
96
96
96
410
10
9%
9%
9%
9%
*9%
*13
9%
4,8i)0
67/a
8,300
Galr
18%
19
*18%
19%
400
13%
13%
13%
13%
13%
14
*13%
14
*13%
14
500
Gamewell
16%
16%
16 %
16%
*16%
17%
*16%
17
500
Gardner-Denver
5%
5%
53/4
53/4
5%
9%
6%
17
17
Co
Co
6%
Ine
common
(Robert)
pis..erred
Co
(The)
No par
Co
'
*31
5%
33
15
*31
15%
*86
ny8
11%
*105
33
15
100
*86
11%
109
*105
33
15%
109
52%
52%
10%
10%
10%
*175%
179
12
*175%
12
11%
9%
72%
72%
*37%
24%
33%
34%
38%
39%
*11%
12%
49
179
12
12%
113/4
9%
93/4
9%
73%
73%
25%
39
253/4
*154
156
4
10%
93/4
74%
30
74%
670
39
300
K%
24%
24%
800
34%
34%
35%
343/4
35%
34%
35%
23,800
39%
39%
40
40%
40%
40%
4,900
12%
*12
*11%
12%
483/4
49
*49%
12%
491/4
*127%
128
*127%
12%
49
127%
*110 3%
*12
49
127%
112
111%
111%
111%
483/4
*127%
128
49
128
111 3/4
111%
Cigar
preferred
50
20
Mills
7
15% May
Sep
Oct
ll7/e
Jan
Sep
21
Apr
3
14% Nov
26
28
17
Sep
29%
0% Feb
8
Dec
17
7%
4
38
Deo
Jan
Jan
May
67'/a May
15
Nov
Feb
24
78
Jan
141% May
15% Feb
13
13%
Dec
21% July
109
24
May
Jan
9
104
Dec
68% Jan
81
48
Sep
71%
Apr
13% Feb
17
10%
Sep
14%
Apr
176
Dec
109
Apr
Jun
13
*170
Dec
18% Jan
9
13
Nov
28%
Apr
14% Feb
11
8%
Sep
16%
Apr
78% Jan
2
74%
Dec
90 %
Aug
47% Feb
.
13
*35%
Sep
Jun
10
33
Feb
8
21
160
Jan
7,
39% Feb
3
32
45% Jan
51
Apr
182
Apr
33%
Dec
52
Feb
39%
Oct
56 Ye
Feb
3
43
47% Aug
40%
Oct
156
9
16 % Mar
200
,,
Oct
27%
May 19
38% Jun
6
H
May 19
6%
May 19
110
Jun
6
Jan
7
42
25
126
Dec
6
114
-54% "Aug
Jun
131% Feb
126% Mar 14
100
.100
preferred
9%%
conv
preferred
500
July
1
No par
common
112
18%
No par
X
General Foods Corp
General Instrument Corp.
Sep
10%
7
151 % Feb
No par
Co
Jun
00
2
May 19
Apr 28
24
48
Jan
71
37% May 16
100
27% May
Nov
19% Feb
168
Mar 5
11% May 17
No par
NOV
xl7% Feb
Mar 12
8
16
17
8% Feb
21
Apr 17
May 17
10
No par
100
Inc__
Electric
General
17% Feb
Jan
28%
18% Feb 24
48
No par
preferred
General
1,300
111%
2nd
conv
7%
30
Jun
43 V4 Feb
105
Bronze
General
155
155
61
110
8
—8
Corp.i.
General Cable Corp
4%
1st preferred
9,300
39%
*113/4
128%
General
Sep
lOSViMarlO
—100
Transportation
Baking
preferred
Jan
45%
11
10% May 19
preferred
Fen
35%
2
1
Amer
$8
800
10
39
243%
$4.50
Sep
Sep
28
20%
18
30% May 17
14% May 21
85
May 21
Investors
Amer
25%
Jan
50
50
General
113%
11%
156
Gen
3,300
176
176
39
24%
*154
2,000
10%
10%
74%
74
39
*37%
24%
154
4
39
110
110
*175%
53%
109
*52
;
Gen
33%
-
49
*127
10%
7,300
15
26% Jan
Jan
1.66%
conv
Apr
4u'/a
22
preferred
Container
100
19% Nov
39
preferred
Corp
conv
Gaylord
'
12%
*105
52%,,
2,900
1
Industries Inc
Wood
4%%
800
161/4
100
12%
109
12%
39
24
154
12%
Gar
4,100
32%
16
*92
10%
179
*175%
32%
16
52%
73%
*37%
'
156
*105
533/4
10%
9%
*72%
38%
24%
109
53
-10%
►
123/4
11%
9
9%
*153%
179
123/4
*105
52%
10
33%
*86
6%
6
100
15%
100
12
6 %
33
15%
*86
11%
51%
33
15%
100
6
Highest
9 per share
Sep
25% Jan
6
50% Feb 10
12% May 24
14% May 17
5
May 17
6 3/4
19
9%
13
5
No par
6%
*18%
71
11
29% Feb
9% Jun 10
5% May 17
18% Jun 12
6%
19%
6%
103% Jun
10
1
1
-20
Gtibxlel
6%
*18%
7
Jun
(The)
2,000
6%
93/4
94% Jan
# per share
23% Jun
94% Jun
19%
6%
25
17 *
4
17
23
20
19
100
6%
CLOSED
lu
May
Jun
May
May
May
May
Lowest
9 per share
preferred-.
cum
19%
EXCHANGE
-V
Corp
Sugar Co
No par
Freeport Sulphur Co—.
10
Froedert Grain & Malting Oo Inc-1
Fruehauf Trailer Co common
1
1,700
25%
prior
69%
1023/4
19'A
23%
12%
36 %
14
Francisco
900
16 %
9 per share
-10
100
.
A
preferred .—A.
Foster-Wheeler
10
25
24%
STOCK
Machinery Corp
3% % cum.conv pfd
2,200
16%
>
Food
300
24 %
24
16%
24 %
103%
*102%
Year 1946
Lowest
Par
400
Range for Previous
Ran*e Since January 1
Highest
STOCK
YORK
EXCHANGE
Shares
79
78
103%
23
NEW
Sales for
the Week
9 per share
share
22%
22
22
I per share
Friday
June 13
21
RECORD
STOCK
YORK
NEW
(3181)
Sep
*122
Feb
135 Va
Jan
123
Jan
t
56
55%
55
55%
553/4
573/8
56%
573/s
127%
127%
*127%
128
127%
128
128
128
105%
105%
105 3/8
105%
105
105%
105
105
14%
14%
14%
14%
143/4
153/8
15%
15%
17
17%
17%
17%
56%
18%
*2%
*17
57%
*128
General
33,600
128%
800
104%
1053/a
2,400
15%
15%
2,200
$5
Motors Corp
„Nopar
preferred
Preferred
common—No par
Gjn
Outdoor
2,100
C
Precisicfo Equip Corp—No par
Adv
20%
18
18
'ien
Public
Service
13
2%
13%
1,200
13
13%
13%
13%
13%
23,100
Gen
Public
Utilities
20%
20%
20%
22%
21%
21%
*21%
21%
900
Gen
23/4
13
20%
23/4
2%
2%
18%
3
18%
3
2%
en
21
4%
21
6,300
21%
21%
22
22
22
22
28
1,500
28
28
28%
283/4
28 3/4
28%
28%
General
105
104%
105%
106%
240
30%
303/4
2,700
General
Telephone
105
137
4
105
*130
4
137
4%
*130
4%
104%
137
43/a
*130
4%
30
30%
1043/a
105%
30%
30%
x30
30
23
23%
30%
30%
23%
23%
24
24
24
24
103%
*103
*103
103%
22%
*103
22%
22%
22%
103%
223/4
*103
24
241%
*101
103
*101
103
*101
103
*90
93
*90
93
*90
93
25%
*103%
24%
*104%
105
19
19%
97
v
*52%
55
49%
103
20
*97
50
53%
53%
*53 %
5%
*104
26%
49
104
413/4
493/4
513/4
104
433/8
106%
106%
*106%
*106%
143/4
143/4
143/4
16
3%
3%
3%
3%
3%
6
6
16
*6
33%
27%
28
10%
•33
27%
10%
13%
,
39%
si
22%
13%
147
*17%
27%
503/4
52%
104
200
43
44
6,500
108
*106 3/8
108
173/4
18
8
24%
NOV
48
26
Oct
150
10c
6% Feb
8
4%
Oct
11%
Feb
18% May 19
26% Feb
8
20%
Oct
26 Va
Jun
36% Jan
23
29
Jan
47
Jun
124% Jan
29
101
Oct
132
July
35% Jan
2
32
NOV
49 % May
24%
Oct
46%
3%
3 5/a
3%
33/4
*33
34
33
33
16%
16
16%
3,700
Granite
29
29
2,700
Grant
104
101
310
x27%
28%
*103%
104%
34%' ■
13%"/
10%
*33%
•;
6%
9Q
28%
*104
6%
104%
11%
11% ...11%
35
35
6%
11
.35
"353/4
13
13%
13%
13%
13%
13%!'
39%/
39%
40%
40%
41%
so
39 %
"40% "
22%
23
23%
23%
24
•Vv.,i
24
24
*148
152
*146
149
*146
150
*57%
63
*57%
59%
60
60%
18
*17%
17%
*17%
63
*146
150
*57%
63
".<■1
*57%
18
17%
17%
*17%
173/4
100
27%
27%
293/a
28%
102%
*100%
1013/4
1013/4
19%
19%
19%
20%
19%
20 %
6%
63/4
7%
7%
73/a
6%
6%
*6
81
*78
'
81
29
102
*78
81
99
81
"
8%
8%
8
8%
8%
9.
83/4
7%
8
7%
7%
8%
8 3/4
*36%
38
38
38
*38%
64%
64%
65
65%
64%
i81
29
6,500
1013/4
190
20%
6,700
7%
2,600
19
73/a
*77
81
110
9%
8%
91/4
9,400
83/4
8%
8
9%
7,300
39%
39%
39%
67
66%
67
l
*387/a
40
200
66 3/a
67
Great
Jan
Oct
104%
42%
5
Feb
Mar 31
103% May 22
17 % May 19
105% Jan
30
May 19
103
9
51% May
49
Jun
X102
6
Mar
41% Jun
106
No par
Mar
58
6
7
116
Nov
27
100%
Sep
107
Mar
50%
Nov
77
Apr
Wednesday
Thursday
June 10
June 11
June 12
19%
Nov
43
Feb
5% Feb
5
5Va
Oct
16
Jan
12 Va
Jan
2
41
Jan
2
17
Jun
11
33
Jan
30
28
Nov
5
101
Nov
Iron
Preferred
9
1
31
& West
I per share
8 per share
9 per share
I per
share
54 Va May
27%
Feb
40%
Jun
Feb
112
2
14 Ye Feb
10
12%
Dec
13%
Dec
37% Feb
18J
33%
Dec
35
Dec
22% Jun
10
14% Jan
6;
Dec
21
Feb
49% Feb
3
40%
Oct
64
Jun
27% Mar
5
22 Va
Nov
34%
Jan
13%
27
188 %
142% May 22
163% Jan
100
59
May 12
55% May 20
Feb
5
55
Oct
79
Feb
75% Jan
7
61%
Nov
105
May
16% May 21
21% Mar
5
20%
Dec
38 Va Jan
Feb
No par
100
1
Guantanamo Sugar common
1
$8 conv preferred
No par
27
Apr
14
100% Jun
6
17
May 27
4% May 14
70
158
Oct
20%
Apr
Dec
6
30%
105% Feb 27
102%
Oct
27% Feb
3
23%
Dec
52%
Apr
8% Jan
10
6ye
Oct
13%
Jan
54% May
111
Apr
89 Va Jan
2
6Vs May 19
14% Feb
3
9%
Sep
30%
Jan
5% May 19
14% Feb
1
12%
Deo
13%
Dec
No par
when issued
May 17
No par
No par
Gulf Mobile & Ohio RR
31% May 21
48% Feb
7
31%
Oct
78%
57% Apr
67
11
56%
Sep
78
preferred
78
.
28
Corp
NEW YORK
the Week
Oct
Oct
——100
RR
Aircraft Corp
Oil
12%
!
Greyhound Corp (The)
4%% preferred
Common
Mar
5Va
30% Mar
Mar 28
May
Apr 1834% May 21
r'
No par
(H L) Co Inc
1
Greenfield Tap & Die Corp_No par
Grumman
107
•13
pfd—No par
—;—
-
Bay
8% Mar 27
25% May 28
No par
Or© Prop—No par
Jan
Sep
10
25
pfd.k
113%
105%
Jan
24
Jun
Nor
8ales for
Friday
June 13
Nov
Jan
conv.
Apr
59%
25
21
6
cum.
88%
11
Jan
31
May 10
Jan
Jan
47% May
108 Ve Mar 28
May 19
"102
8%
Nov
12% May 19
100
Jan
May
151%
Nov
57/a
No par
Co
Apr
56%
Dec
No par
5
8
May
106
Oct
53
15
71% Feb
4
3
Oct
36%
Feb
104
.
13 % May 13
1
100
Sep
Apr
108
61% Feb
5
9
Jan
Dec
123% Apr
33
Feb
13
No par
Motors
24
7
22%
102%
7
6
2
57% Jan
6
No par
No par
preferred—No par
com
Feb
Jan
49% Jan
>5% May 21
104% Jun
20
96
14
Jun
80
STOCKS
Tuesday
June 9
9 per share
118
Co
LOW AND HIGH SALE PRICES
Monday
June 7
I per snare
Sep
32
Green
10,300
Jun
102 V*
Steel
$2.25
$5
60
105
City
(W T)
Green
4,200
*101%
*77
1,000
63
Feb
NOV
90
May 14
F)
111
32%
15
22
Jun
Apr
Oct
11
Jan
97
Apr
Apr
40% Feb
108
34
May
i
13
22
Great Northern Ry 6%
60%
106
Jan
7%
Feb
Mar 31
-il-l
100
Great Western Sugar—
60%
94
10
5,600
6134
18%
28%
2,800
101 % Jun
50
2,300
60%
102%
101
1
60%
18%
*•
200
28
21 % May 27
No par
No par
Grayson-Robinson Stores Inc
2,700
.
30
No par
preferred
3%
14
137
Union
Grand
100
•11
<i*33 %
Jun
19% Apr
103% Jan
23% May 19
Granby Consol M S & P
600
'
9
30
100
Inc
(B
26
No par
Co
Graham-Paige
14,400
xl6%
*6%
May 27
101 % Apr 19
8
convertible
6
3/a
26
Corp
20
Orp—No par
Gotham Hosiery—
17
103/4
13%
28
as
1,700
101%
Saturday
31% Feb
140
Feb
preferred
Co
Jan
19
May 19
133
Jan 31
3% May 17
$5 preferred
Goodyear Tire & Rubber
100
18
38%
58%
Goodrich
7,200
*103
40 Va
23% May
100
Goodall-Sanford
Apr
Oct
Gold 4 Stock Telegraph Co
34
59
59
1,000
22%
147
*57%
120
26%
6%
16
273/a
10%
22%
51
104%
26%
29
Oct
(The)
conv
NOV
Nov
Razor
Goebel Brewing
3,500
104%
43%
17
104%
*33
38%
6
4%%
*32%
16
*104
35 ::
5%
200
6%
15%
104
5%
103
*106%
3%
53%
IP
2%
preferred
Co
6
14%
preferred
Glidden
Dec
19*% Jan
21%
Brothers
$4.50
"2,400
33%
*31%
16
104
108
53%
263/s
x50%
100
39
103
6
preferred
Glmbel
21,400
99%
383/4
110
423/4
108
14%
22%
21%
*97
132
Dec
8
preferred
conv
Nov
8
5
$6
105
55
26 3/a
xl03
44
,
383/4
5%
*1041%
26 3/4
*103
42%
5%
110
26
49%
*103
22%
100
38 3/4
*14%
*31%
21%
*97
383/4
110
26
.
213/8
100
*104
124%
101%
Feb
100
Safety
Mar 25
4% Feb
1
Gillette
7,400
129
105% Mar 31
No par
100
preferred
S%*
26%
Feb
1
16% Jan
Instrument
4%%
93
25%
105
31%
5%
*105
42%
*104
55
*5%
26%
105
20
*90
26
4%<fc
'
Feb
80%
2% May 16
General Tire & Rubber Co
4,500
101 %
101%
93
25%
130
24»a
24
1021/4
*90
26
37%
*53
5%
103
41%
20
100
37%
110
26%
*104
19
37%
*105
105
25%
*97
97
X37%
5%
25
102%
103%
103%
Gen Time
Oct
12% May 19
Corp
1
Gen Steel Cast $6 preferred—No par
500
25
*24%
103%
24%
137
4%
47%
2
13% May 20
17
May 19
Shoe
105
1,000
*130
4%
11
5
Refractories
28%'
22%
General
28
137
65% Feb
No par
20%
4
3
lOo
Corp
Railway Signal
6%
preferred
Gen Realty & Utilities
*130
-
No par
series
$3.75
13
2%
12%
.51% Jan
125% May
xl01% Jan
.10
Nov
108
Jan
Jan
May
Range for Previous
STOCK
Range Since January 1
Lowest
EXCHANGE
9 per share
Par
Shares
Year 1946
Lowest
Highest
I per share
9 per share
Highest
$ per share
H
*33%
33%
15%
*15%
15%
15%
15%
*15 3/a
153/4
15%
99
*15%
*15
153/4
153/4
15%
*15
153/4
*153/4
*98
; 99%
*105%
107%
*20%
21%
EXCHANGE
CLOSED
*h
33%
99
*15%
*15
STOCK
34
*156
107
20%
163
*30
163
30
30
6%
*6 3/a
97%
6%
*25%
25%
*96
39
*107%
39%
107%
107%
25%
25%
40
107%
*56%
21%
21%
213/4
213/4
21%
21%
1,000
*156
163
31
31
*63/8
63/4
*96
97
39
*17%
X56 %
v
5%
6%
5,000
*253/i
26%
400
26 %
700
Hecht
100%
39
107%
57%
*100
*38%
*106
*55%
*154
*17%
100%
40
107%
57%
156
18
563/4
583a
131%
59 %
*1313/a
133
*131%
132%
77%
*131%
132
77%
*77%
80
*77%
*77%
80
*21
21%
26%
*23%
20%
21
59
79
121%
400
30
200
10
20%
24
*24
23%
23%
24
24
24%
*24%
24%
16
*14
15%
*14
151/4
19
19
19%
*14
18
44
*18
44
15
18%
45
14%
14%
14%
14%
47%
47%
*46%
473/4
31
31
99%
page
27.
*14
18%
44%
14%
*46
45
44%
45%
19V4
48
2,100
11,200
15%
15%
16%
8,000
47%
47%
47%
300
32
32%
32
32%
99%
98%
99
99%
99
99%
*98%
Co
(C
2,100
640
E)
3
8
Oct
16%
7
99
Sep
106%
Jan
Feb
8
C
NOV
20%
Apr
8% Feb
11
Nov
15%
Jan
12
33
57/8
29%
Nov
Oct
60 %
May
Jan
36
Dec
51
May
42 % Feb
13
29
103
Dec
Oct
90
Jan
192
Aug
&
Sons
Houdallle-Hershey
_
—
Finance
May 21
Jan
13
103% Mar 11
Dec
109% Mar
44
105%
Jan
29
Jan
22% Feb
22
169%
Dee
8
17%
Nov
38%
Feb
5
Sep
Apr
7
68
24
165
14% May 17
41%
Nov
Nov
61
154% Apr
54
28%
101
51Va May 19
63
10
134
Mar 21
130
Jan
72%
139
May 21
82
Apr
1
76
Sep
106
132
Jan
30
123
Nov
146%
131% Jan
74
46%
Dec
Dec
Jan
Apr
Apr
May
Jan
121% Jun
No par
•
13
20% Jun
11
26
11
32
Feb
10
17
29
Jan
29
21%
Sep
41%
Apr
31% Jan
22%
Oct
37 V-
J
14 Yi May 28
19
Feb
2
3
18
Dec
40
May 19
25
Jan
25
22
Sep
May
34% Ma*
48
Jun
13
34%
Sep
56
Jun
22% Apr
.17
29 % Jan
4
22
26
Oct
Nov
39 Va May
X43
May
1 \
Jan
12.50
com—
35% Jan
23
No par
13 % May
19
19 Ys Feb
1
12%
Oct
28%
Feb
50
com
preferred
preferred
—10
5
(A)
_
Household
__
(Del)
Sugar Corp
Homestake
Mining
3%*>
6
10% Feb
Apr
Aug
107% Apr
1
The
Holly
$2.25
39% Jan
100% Apr
170
May 16
5
Inc
Furnace
Hollander
15%
'
983/4
45Vt
19V4
Nov
21% May 20
preferred
Hewitt-Robins
Holland
151%
160
Mar 31
No par
Hinde 8s Dauch Paper Co—
47%
32
conv
300
Hires
27
27
35
No par
Chocolate
800
15%
31%
Hershey
23%
200
Jan
Jan
Apr
34% May
106
100
preferred—'—
27%
3,800
Sep
24%
8
100
preferred-
*22
25
20 Va
May 19
4% May 19
25
W)
*27
47%
31
(G
22%
25
30
17
100
27%
25
Jan
Apr
6
No par
$4
109%
May 19
6% May 19
No par
130
119
2
Motors
121%
Oct
Jan
100
Powder
200
103
105%
35% Jan
Hercules
79
Jan
4
30
100
25
preferred
cum
non-cum
6%
May
Aug
30% Jan
Hercules
10
26%
25% May .16
70o
26
23 Va
7%
24
Oct
22
2,800
26
■
Helm©
Oct
17%
97% May 28
25
preferred
(H J) Co
3.65%
Nov
15
—15
Co
Heinz
35
4
Feb
May 27
Apr 15
28 %
1
2
59%
20%
27%
Hayes Industries Inc
Hayes Mfg Corp
18%
132
24
*21%
preferred
3% %
57
24
15
99%
18%
*131%
2,220
155
23
23
see
155
*23%'
17%
footnotes
123%
*55%
39
107%
*26
43%
For
123
*38%
*106%
4% %
100 %
26%
23
31
123
59%
*100
73/a
24
*14
<
80
7%
97
40 Va
11
22
Jan
160
10
1
100
Hazel-Atlas Glass Co
*25%
18'
♦122
Marx
class A
26%
156
123
&
253/4
18
123
Hart, Schaffner
Hat Corp of Amer
253/4
*154
124%
400
*25%
131%
*123
1,100
7
26
*96
Jan
112
19 %
100
26
18
563%
32
preferred
5%
156
*56%
8%
Jan
19 % Feb
108
104
No par
Refrac
5%
*154
57
*63/4
Harbison-Walk
19
98
100
$4.25 pfd—No par
Co
7
58
*17%
*30%
(M A)
39
14% May 27
preferred
conv
7
*56
18
63/4
163
Apr 16
14% May 19
5
No par
Co
97
59
57%
31%
*156
4%
Hanna
33
S3
Printing Co
Watch
5%
25%
*107
31%
x63/4
163
(WF)
778
x26
*100
*156
Water
*96
156
*151
Hamilton
50
5%
100%
Hall
70
5%
*24%
200
100
99%
5%
*253/,
15%
15%
105%
5%
*100
*99
Hackensack
105%
6%
25%
99%
200
33%
105%
6%
26
*98
*33
105%
i11r
h "
99%
34%
1053/4
6 3/a
100%
*38
63/4
97
*98
*33
1053/4
6%
5%
*100
203/4
*156
31
*6%
*96
107
34%
46% Apr
15
56
Feb
21
46
Nov
52%
Apr
No par
28 V4 Jan
11
32% Apr
3
27
Sep
35 Va
Jun
97% May 26
103% Jan
20
99%
Deo
111%
Jun
100
22
-
COMMERCIAL & FINANCIAL CHRONICLE.
THE
(3182);
STOCKS
LOW AND HIGH SALS PRICES
Monday
.
June 10
June 7
f per share
June 11
,
June 12
421/4
42%
43
431/2
43%
43%
43%
43%
22%
21%
22%
22%
23%
x22%
23
223/8
22
21%
22
22%
35%
35
351/2
343/4
'
22%
22
36 %
21
21
21
341/a
34%
*21 %
21%
34%
35
*3%'
3%
3%
3%
3%
3%
*3%
35
43%
•
.
9 per share
!—No par
37% May 21
Howe Sound Co
Hudson
2,400
•
1
common
:
Manhattan
&
3
37%
37%
37
37%
13%
14%
13%
14%
14%
15 %
14%
15%
14%
15%
EXCHANGE
15%
16
16
16%
16%
16%
16%
16%
2,600
4%
4%
4%
4%
4%
6,400
Hupp Corp
34%
34%
1,100
21%
22%
23,900
10
10
10%
38
>
38%
393/4
3,400
14,400
-
16
16%
4%
4
4'/a
351/8
4%
CLOSED
10
38
35
•
4%
-
'
-
5%
Hud
42
21
*39
*94
98%
*94
*17
18
*17
*40
1
34%
20%
22%
213/4
22%
41
20%
20%
20%
35
40%
401%
42
42
981%
*94
18%
*17%
18%
18%
18%
280
8%
8%
8%
8%
r8%
£%
1,400
25%
25%
*251/4
253/4
15
36%
15
8%
25%
25%
15 %
151/4
8%
36%
.
37
37
37
107
107
108
176
*168
175
13%
13%
39
39 %
2,800
110
108
109 %
800
175
*168
175
*168
175
36
35
36
3,500
14%
2,200
34%
13%
13%
7
7
*39
41
1051/2
1051%
105%
105%
105%
3%
3%
3%
31/4
3%
10
10%
204
*203
81
80
182%
7%
24%
86
*3%
30
30%
42%
*102%
11
•
*107
*47
4,800
Interlake
7%
7%
73/4
7%
24%
x23%
24%
24%
*81%
86
86
4 '
4
'
30%
30%
*102%
134
11%
*49
*38%
38%
38%
38%
39
44
44
44
44
30%
*133
103
102 %
11%
11%
108
x47
39%
*38%
44
44
%
43%
34%
30%
31%
*
133
433/4
44%
103
102%
1,100
1,100
600
11%
1,300
108
*47
International Silver commonj
•
50
39
38%
39
44%
44-
44%
140
;
..
200
/
*30 %
34%
*32%
10%
11%
10%
11
10%
11%
11%
11%
11%
11%
21,800
*10%
11%
10%
10%
11
ll3/a
11%
11%
11%
11%
2,500
*32%
34%
*32
345/a
*30
34%
20%
20%
20%
20%
20%
22
*21%
22%
213/4
213/4
1,800
*22%
22%
22%
23
23%
23%
233/4
233/4
233/4
24
38%
39
39
*39%
40
393/4
393/4
40
41
*152
154
152
153
40
154
6%
6%
6%
6%
100 %
1001%
100%
1003/4
43
43
*107%
37V4
112
43
108
*108
373/4
1131/4
28%
*108 5/8
110
'
2 81/2
38%
*91%
30%
108
28%
150
109
f
1083/4
40
1
11*%
293/4
*109
110'
*115
109
*115
'
30%
31%
29%
' 31%
*92%
29%
94
50
.
94%
94
94
94%
94%
32
30%
30%
31%
31%
321/4
*31%
313/4
313/4
15
14%
14%
rl4%
14%
14%
14%
*14%
107%
107%
107 %
107%
13,200
5%
200
3,800
,
3
-1
Joy Mfg Co.
Oct
49%
Jun
5%
Sep
10%
Jun
6
Sep
44% Apr
7
18 %
Oct
45 %
Jan
Feb
7
41
Oct
85
Jan
87
Sep
99%
Apr
Jan
Jan
May 13
Feb
7
14%
Oct
37%
10% Feb
7
5%
Oct
16%
30% Jan
25
11%
Sep
Sep
22%
Jan
54
Jun
22
23
15% May 15
Apr 19
'
36
Jan
May
45
Feb
IT
36
Sep
133
Feb
4
116
Oct
180% Feb
18
40% Feb
5
17% Feb
13
8% Feb
8
7%
Sep
11% May
Jan
9
35%
Nov
59
May
Aug
112
May
50
108
168% Mar
Jun
190
Aug
Sep
13%
105
44%
Sep
33%
Mar 21
151%
22%
Jun
Feb
13%
Feb
Feb
11
5%
May 19
13% Feb
8
10%
Apr 29
Jan 13
Jan 2i
225% Feb
66%
Nov
102
Jun
186% Jun
12
175%
Dec
202
Apr
May 19
10% Feb
11
6%
Oct
May 19
7
Deo
Oct
Jan
195
13
88 % Mar 28
20% Feb
250
15%
Jun
Apr
27
Sep
45
Jun
Jan
29
90 %
Dec
101
Aug
5% Feb
36% Feb
8
4%
8
Oct
Oct
136% Apr
2
53% Jan
2
38%
Sep
8
95%
Oct
30% Feb
96
8
28%
133
Aug
105
Feb
16
Feb
18
11%
Feb
20
101 %
Sep
5
52%
11%
58% Feb
36
2
39%
55%
Feb
7
37
17% Feb
11
26% May
July
70% July
Dec
% Mar 20
40
Feb
Dec
Aug
125
Nov
42
Feb
113
Sep
Oct
50% Apr
Feb
42%
148
Nov
116
49%
Jan
60% Aug
42% Aug
31%
14% Nov
Feb
17% Feb
11-
14%
Nov
31%
Feb
26% Feb
11
23%
Dec
50
Apr
24
13
Jun
42
153
20 %
Mar 24
Jun
lo
13% Feb
14
104% Feb
50
Aug
163
Jun
24%
Dec
8%
Dec
100
4
34% July
Dec
Dec
Deo
39%
141
13
37
110% Jan
108
Jan
July
59% May
41 % Jun
25% May 19
107
Apr
May
115%
Feb
Mar
150
29% May 13
May 15
112
Jan
11.'
'27~% May~17
39
Feb
8
101% Feb
18
x93
114% July
153
109
6
Sep
13
123% Feb
Dec
111
8.
2
Nov
107%
2
May 19
Jun
110/
Jan
45 %
140
53
107% Mar 17
Jun
3
25% Jan
1
—
31%
Feb
54
14
20
27
29
Jan
May
May
Apr
6% Jun
—100
A
series
pref
25 %
30
39% May 20
Johnson new—,,—12%
4% 2nd prefered ser A—
100
joliet & Chicago' RR stamped—100
Jones & Laughlin Steel———No par
'> L.
31
29%
96
&
Johnson
!
Oct
5
5
99 % May 27
1
—._
500
.
"1,300
39
_
par
par
par
1
1
———
Co
(F L)
par
Lt 4% pfd—100
,-No par
4%% preferred
100
Johns Manville Corp new—,-No par
3%%
preferred _—,
100
'8,500
II43/4
•29'
preferred
Jan
7% Feb
x29%Mayl9
133 % Feb 19
38%. May 19
100
Jun 3
9
May 19
1043/4 May 16
46% Apr 23
37% Jan 2
40.% May 19
33% May 19
9% May 17
9% May 17
19
Apr 14
20
May 17
38% May 20
143% Jan 2
Jersey Cent Pw &
Jewel Tea Co Inc
300
..
Telep
'Jacobs
170
600
41%
.
114%
28%
110
*92
,
;
*112%
*110
6,100
44"%
*108
40
t
*1091
93
44%
44%
108
39%
%t
150
283/4
73/4
1003/4
28
110
29%
7%
*99%
112
28%
*110
28%
7%
1003/4
44%
108%
*1083/4
*111
7%
100
—
& Teleg——No
share ctfs—'——No
Interstate Dept Stores
—No
Intertype Corp —
——No
Island Creek Coal
$6
"
38
I 112
1131/4
28%
7%
44
*108
373/4
154
*152
1003/4
43%
108%
*112
28%
7
100%
43
37%
154
*152
*
30
22% May 19
84
Apr 23
3% May 17
25
25
Foreign
500
2
6
-—-—
preferred
7%
Intern'l
1,000
38%
*152
par
103
International Paper Co—,,
.15
$4 preferred
;
—»—No par
Inter Rys of Cent Am
—No par
5%
preferred
100
International Salt
—•—No par
International Shpe -—-—>—No par
19,800
103
*107
47%
par
& Chem—
3
preferred
—,
100
Mining Corp
—1
Nickel of Canada
No par
Preferred
190
45%
11%
12%
Int
13,500
34% Mar
3
9%
192%
70
176%
par
par
4%
■.
Oct
33
International
31%
14%
12%
x35%
107
177
International Min
1,900
134%
13
25
Hydro-Elec Sys class A_
2,400
43/4
20% Feb
23 % May 19
100
Int
86
Jan
45% May
7
Jun
5
35% May 17
105
May 2
Preferred
3,100
4%
108
52
-
*83
4%
25
Sep
93
Jan 21
15
Jan 16
73/4 May 19
100
Machine
Harvester
25%
25
Dec
33
12 % May 19
No
No
No
No
.
International
250
Jan
11%
3
20
/.
Rubber
7%
7%
7%
—
Iron
Int'l Business
7,600
88%
185
12%
3
1
No par
;
Inc-—,
Corp
preferred
4%%
300
213
84%
185
25
134%
43%
108
107
49%
49%
313/a
44%
*102 %
11
108
4%
134%
42%
103%
10%
*107
212
86
*83
4
10%
10 %
103/4
212
85%
42
49%
Intercont'l
1863/4
134
11
2,900
1843/4
41
108
360
3%
x84%
30
103%
106 %
3%
841/4
134
42%
10 3/8
212
106%
3%
1833/4
*3%
134
134
10%
215
Interchemical
Apr
July
60% Feb
43% Feb
30
May 19
18% May 19
37% May 21
j
Insuranshares Ctfs
300
813/4
*81
4
3%
200
41%
1833/4
24%
*81
■
*105
33/a
7%
41>I
7%
47
33/4 May 20
100
100
Inspiration Cons Copper
*7%
42
107
73/4
106
14
14%
14
*40 %
81
7%
*23%
133/4
393/4
183
182%
7%
*205
3/4
35%
41
10%
101/8
214
80
182%
35%
*7
41
•
38
7%
7%
*10
600
109
39%
*203
1,200
109
39'/2
*7
25%
15%
*168
*
35%
34%
38%
25 3/4
*15
15
109
108
*170
15
May 19
.15% May 23
100
RR Stk ctfs series A
1000
Illinois Terminal RR Co—
5
Indianapolis Power & Lt
No par
Industria Electrica De Mex, S A—_
Industrial Rayon
-1
Ingersoll-Rand
No par
6% preferred
:
100
Inland Steel Co—
No par
4%,
lines
Leased
3i>
Oct
....
Co.—;
series A
preferred
6%
Oct
30% Oct
12% May 19
20
Co—
Power
14 V#
5
38%. Mar 26
7% Feb 28
13% Mar
1
Illinois Central RR
96
18
25%
131/2
*94
.Idaho
13
24%
Feb
; May 14
33
-
300
44
17%
15%
.
*42
98%
25%
35%
35
96
*151/8
35
*34%
*94
8%
*8%
35
Highest
9 per share
29
73/a May 18
non-cum
Bay Mln &
I.
35
9 per share
23% Mar 28
.31% May 19
STOCK
10
38
44% Jun
20% May 19
preferred
100
Sm Ltd——Wo par
Hudson Motor Car
No par
Hunt Foods Inc
„——6.66%
400
10
tper share
16% Jan 16
25
1
—5
100
Howard Stores Corp
37
10
*91/2
10
*9JA
Lowest
Power CoJ
Houston Oil of Texas v c «
800
2,700
4
3%
3%
New
2,600
13,600
*
Year 1946
.
Highest
Par
Shares
44%
21%
Lowest
EXCHANGE
Houston Light &
Range for Previous
,
Range Since January 1
STOCK
NEW YORK
Sales for
the Week
I per share
J per share
9 per share
$ per share
$ per share
Friday
June 13
Thursday
Wednesday
Tuesday
June 9
Saturday
RECORD
STOCK
YORK
NEW
Monday, June 16,1943T
3
53%
Feb
Feb
31%
Nov
99
Sep
Oct
108
May
34
Apr
'17% Oct
:
/ \
36
May
18%
35% Mar 31
K
*14%
;
15%
107%
310
107%
18
18%
50
50
18
18%
49
49%
19
*107
107%
*107
*
20
20%
203/4
20%
20%
4,400
*49%
52
50
50
50 %
50%
800
*14%
15
*143/4
15
14%
15
14%
15%
14%
143/4
2,600
*22 3/a
23%
*23
23 3/a
23%
23%
*223/4
23
23
23
173/4
17%
*17%
17%
18
18y2
xl8
18
18
19
42%
42%
42%
43%
43%
44
44%
433/8
443/a
15,200
413/4
413/4
*41
41%
41 %
41%
*41%
42
41%
41%
:
22%
23
x22%
225/s
22%
22 3/8
22%
22%
23%
106
1063/4
*113/4
Xl06
123/4
*67%
68
*11%
12%
*12%
67%
67%
67%
26%
26%
26
98%
98%
x98
34%
35
34%
*453/8
46
46
46%
43%:
43%
44
43%
107
*106
107%
26%
98
34%
,
106
13
*123/8
67%
26%
98%
35%
43%
66
22%
106
*12%
500
3,000
67%
690
13%
*66
27%
1
3,600
107
133/s
663/4
263/4
27%
23%
*973/4
98%
'98%
98%
351/a
35%
60
.
27%
98%
36
46%
-
1063/4
500
46%
47%
47%
443/a
44%
45
47%
36
36%
J
3,500
-
47%
47%
900
46%
47%
2,800
Wednesday
Thursday
June 10
June II
June 12
# per share
I per share
41%
39
" 22%
104%
11%
66
—
10
-100
10
No par >
—No par '
Inc.
4% series-/
Kresge (S S) Co
1
Kress' (S H) & Co
I
Kroger Co (The)
'
Koppers
Cum
Co
pfd
25
97
108% Mar 5
28% Feb 11
Apr 25
May 17
May 19
May 19
May 17
Jan
2
May 17
Apr 1&
Jan 16
May 19
May 20
Jun 12
May 19
Jan 11
55% Feb
17%
26%
20
52%
49%
27%
116%
—,
,
40%
Jun
45
Sep
67
Jun
15
19%
11%
41
Dec
Sep
26%
Feb
34%
Jan
Nov
Sep
30
Jan
60%
Apr
321/8 Jan
21%.Nov
55
18% Oct
8
Feb 13
Feb 8
Feb
7
Jan
2
Feb 13
Feb 13
Feb 13
34
Jan 16
45 Jun 3
40% Apr 29
;
Feb
7
6
82
,
June 13
Lowest
EXCHANGE
the Week
•
$ per share
I per share
I per share
I per shate
Par
Shares
Jun
Aug
46
Dec
26% Oct
Dec
Nov
Sep
43% Oct
'
Jun
101
Sep
45% May
62% May
65% May
Range for Previous
Year 1946
Lowest
Highest
Highest;
n
Dec
29
100
96
33
,43
Range Since January 1
STOCK
NEW YORK
Sales for
Friday
108%
15% Feb
Jan
33% Feb 13
99% Mar 6
39
Feb 5,
59
Feb 4
50 , Jan 3
,
May
30% Aug
108% Dec
20
85
1
Tuesday
June 1)
I per share
13%
-
..
.
106
16
47%
13%
20%
i
22% Feb 10.
4
Jun
STOCKS
Monday
June 7
——-—100
.
Southern
preferred
City
non-cum
LOW AND HIGH SALE PRICES
Saturday
14
'
No par
100
Kayser (Julius) & Co—„■
15
Kelsey Hayes Wh'l conv cl A
1
Class B
1
"Kennecott Copper
—.No par
Keystone Steel & Wire Co
No par
Kimberly-Clark Corp—:
No par
4% conv. 2nd preferred
100
Kinney (G R) Co
«'
-1
4
$5 prior preferred
—No par
"4%
'
140
preferred!.
3.8%
Kansas
7,600
,
10
Furn—
&
City Pwr & Lt Co—>
Kansas
107%
Stove
Kalamazoo
300
9 per share
$ per share
$ per share
L
5
5
4%
5
x5
5%
5
12%
12%
*12
13
12%
12%
*12
29
29%
12%
12%
12%
600
29
29%
29
293/4
30
113/4
303/4
X30%
11
301/4
1,900
11%
11%
12
12
12 3/a
*49
50%
*11
*49
50%
*38
40
*23%
24%
*98%
93/4
STOCK
30%
EXCHANGE
*43/4
CLOSED
2
50%
50%
9%.
39%
41
24%
24%
25
*24%
25
*97%
100
39%
*23%
98
98
98
*98
98%
10
10
10
32%
323/4
33%
51/4
5 3/a
9%
5%
9%
30%
30%
31%
4%
2
5
9%
31%«
5%
51/4
1%
*16
5%
42%
*22%
17;.
*16%
4&%
143/a
•
17
5%
*40
39%
*53/4
5%
42%
1%
39%
*16%
16%
1%
*22%
39%
43
*14%
20
20
50%
503/4
493/4
8%
8 3/a
8%
14%
20
*53/4
2
'
1%
*22%
165/a
5%
5%
82%
185
*33%
32
31
82%
6
123%
*24i/a
98
9%
10
33
33%
5%
5%
1%
.3,800
-1,500
2,300
16%
16%
400
53/4
5%
600
Lehman
14%'
Corp
14%
14%
14%
14%
141/4
1,700
Lehn
Fink
1,400
1,400
Liggett & Myers Tobacco
300
.
36%
x47%
48
54
473/4
53%
47%
47V»
47%
48%
48%
483/4
483/4
49
21%
21%
21%
21 %
22
22
22 3/8
21%
29
*95
104%
104%
11%
213/4
*98
104%
-
500
1,400
600
12%
X21%
21%
8,300
21%
22%
213/4
22%
11,400
21%
*61%
62%
62
14%
14%
14%
14%
14%. 14%
18%
19%
19%
19%
19%
63%
20%
64%
65
643/8
64 3/a
1,500
14%
15%
153/a
15%
2,600
19
.
19%
19
19
7,200
167
*165%
167
"165 %
167
'
21
26
26
25
*25 %
25
*25%
<11
42
40
40
403/4
42
42%
165 3/4
165%
Belt
Co
'
80
Loews
Lone
Inc
Star
—
Cement
Long Bell Lumber
(P)
Co
Corp
7%
25%
400
Louisville
Gas
43%
433/4
3,300
Louisville
&
*
No par
100
1
-No par
No par
10
100
preferred
25%
43
—No par
No par
A
Lorillard
25%
May 19
Apr 16
.No par
-No par
.
Liquid Carbonic Corp
3%% preferred
Lockheed Aircraft Corp
100
113/4
21%
Link
Wks
78
181
No par
:
Corp
Locomotive
Lima
1,400
100%
12%
623/4
Lily Tulip Cup
Lion Oil Co
11%
25
100
3,500
12%
21%
*95
373/4
11%
X62%
27.
Jan
Apr
37%
29 % Mar 15
55
&
El
Nashville
A
-—No par
50
Oct
Apr
38% May
15'A Apr
15 %
5
36
Nov
74%
Life
43
18%
Oct
31
35%
64
Oct
*30%
47%
Jan
Jan
11
Nov
30%
*543/4
Jan
5%
49%
3% Feb
:
28%
30%
5 4 3/4
17%
2i%
Sep
Oct
10
31%
46%
55% May
6%
10% Nov
43
303/4
Preferred
Sep
7
8
31
84
34%
8% Feb
65%
46% May 21
8
May 16
186
9
33
May
44% May
Libbey Owens Ford Glass—No par
Libby McNeill & Libby
.
r7
83V4
Jan
2
13
44% Jan
Oct
Lerner
1£5 %
17%
Apr
.12% Feb
101
Oct
5,500
83%
Apr
Nov
1,400
186%
Apr
82
21%
2,200
82%
102%
Sep
21%
Jun 3
May 17
8%
186%
Dec
49
6
14
17
52%
83
52
4
6%
20%
186
8
13
Oct
Sep
41%
8%
82%
20%
10
20%
186
Nov
11
52%
—„—<
13%
9% Feb
8%
Corp
8;
Jan
May
50% Feb
53
Savers
14%
68
5% May 17
-
20%
No par
Dec
Sep
38% May 19
14% May 19
1
8 3/a
Corp
9%
Sep
13
52%
Stores
30% Feb
5%
11%
38
25% Feb
20%
35%
page
5
Corp
Feb
56% Feb
56
;
3
9
31
—
8%
54 34
see
Prod
—
52%
46
*165%
1
(The)
9%May2o
30% Jun lo
4% May 17
1% May 19
20%
35%
167
&
.No par
50
No par
—No par
21 A;May 19
97 % Jun 13
8%
543/4
1*53/4
Valley Coal—
Non-cum
preferred
$3 non-cum 1st pfd—
50c nonrcum
2nd pfd
Lehigh
5,000
45
11%
-
Feb
Jan
Jan
14% Feb
May 15
50%'
£3
*P7
38
.*
cum
14
44
10
May 20
50% Jun 12
-
5
& Sons Co
(James)
3.85%
463/4
34%
99%
?—.—50
—
:—-—3
preferred——1
100
Lees
46
54%
113/4
-
_
Lehigh Coal & Navigation Co.
10
Lehigh Portland Cement—25
Lehigh Valley RR
50
46%
44%
99%
Bryant
preferred
4%%
Lee Rubber & Tire
45
46
11%
'
No par
-No par
(The)
Co
44%
47
footnotes
500
39%
54%
*21%
700
120
7,200
,
2
*22%
54%
*44
For
100
—
25
97%
Lane
1,200
503/4
40%
Lambert
7
4% May 19
11% Feb 26
28
May 21
Light Co
4
ptd
75 Pesos Mex
Gas
La Consolid 6%
20%
186
*33%
17%
393/4
Laclede
4,900
50%
8%
82%
34%
2
39%
12%
*49
5
20%
185 %
,
I
185
41
5
43
'
*31%
50%
39%
*22%
*14%
*49
5%
33% May 27
May 19
Apr 14
38% Apr 14
40
47
19% May 17
99"% Jun 9
10% May 17
May 19
58% May 19
20
12 % May 19
17% Apr 16
165% Jun 9
25
40
May 23
May 14
24
Jan
25
Feb
59% Feb
11
Apr
10
3
35
Apr
3
Jun
Jan
96% Jan
2
83
Sep
102
Feb
10
183
Dec
210% Mar
42% Feb
10
37%
Dec
65%
62% Feb
17
44
Nov
88
56% Feb
3
43
Oct
66
Feb
49% May 10
27%
Feb
48%
Dec
30% Jan
9
23%
Nov
43%
109 % Feb
4
99
Dec
20
Feb
20
18%
Dec
27
Feb
13
25%
Nov
41
Apr
79% Feb
5
64
Jan
94
May
190
22% Feb
21% Jan
172
Jan
8
Feb
Oct
x20
Nov
166
Deo
29% Jan 31
53
17%
3
29
7
120
45%
35
31%
197
May
Apr
Jan
Jan
Aug
Jan
Jun
Jan
Aug
24%
Sep
32%
Jan
45%
Oct
72%
Feb
^Volume 165
Number 4603
the Commercial &
Saturday
1
HIGH SALE
STOCKS
PRICES
Monday
Tuesday
Wednesday
Thursday
June 1)
June 10
June 11
June 12
June 7
$ per share
$ per share
183%
*98'%
*15
I per snare
187a
18%
100
*981%
1574
341%
*145
15%
35
*34%
158
$
187a
per
19
100
share
$ per
15%
170
41/2%
cum
155/a
157a
500
Lukens
Steel
35i%
*3372
3572
200
MacAndrews
1
193%
pfd eeries A:
Co
*34
36
*34
*145
158
preferred
6%
158
*147
158
50
51
49
50
J
2,600
Mack
34%
33%
347a
33%
357a
3,000
Co Inc
4!%%
pfd series A
Madison Square Garden
,
327a
32%
323/4
*10772
108'%
*107%
1081/4
*10772
1081/4
12%
12 72
127a
13
13
12%
12i%
17%.
173/4
173/4
173/4
173%
17%
18
1,100
Magma. Copper
133/4
2,700;
4591%'
9 74
3,400
Manatl
Sugar
H'%f
200
Mandel
Bros
273%
800
*10772
108 'A
12%
12%
173%
17'%
*17%
13'%
13%
1372
.13%
13%
13%
13%
133/4
*40772
4597a
*40772
45972
*40772
459 7a
*46 /Va
4591%
*407'%
9%
8%
97a
9%
93/a
9%
EXCHANGE
9
CLOSED
*1074
10 3%
10%
10%
11
11
*11
*24
25
25
25
25
26
26
37a
374
20
20'%
7
3-%
7%
*103%
20
33/4
*33/4
20%
2074
7%
.7%
x7
10%
>
11
9
10%
26
25%
110
*100%
*10%
267a
4
22
263/4
*11
11'%
273%
26
22'%
'221%
4,000
Marathon Corp
77a
77a
2,300
Marine
' 10%
10'%
60
Market
11
,
273%
■"
26%
27'%
26%
St
Corp..
Ry 6%
Field
Marshall
5,600
__—
Midland
&
Co
4,000
16 3/4
163%
16%
17%
1774
18
18
187a
173%
18
,
3,800
Martin-Parry
463%
46%
46%
463/4
47
46%
463%
4171/4.
43
;
1,400
Masonite
32
22
32
331/4
900
267a
267a
263%
263%
1,300
15'%
*31
157a
15%
31%
26%
25%
189
423%
102'%
*93
*185
43
43
102'%
93
*1073/8
16
*185
26%
189
43%
1021/3
102%
*93
*185
189
*185
*101'%
1023%
101%
9374
933%
433%
43%
4374
93%
*41%
*110
3874
*41%
44
11072
38
27 74
26%
102'%
*10072
*41'%
437a
110%
110%
110%
383/4
26%
27 74
102
38'%
38'%
25%
25%
27
*51
51'%
51
51%
3074
31
30%
303/4
*102 7a
104
*102%
383A
38%
27
'
1,400
*2774
273/4
800
1023%
102%
140
40
40
277a103
*101
3872
383/4
39
39
39%
2774
104
387a
27%
253/4
2S3%
26 3%
263%
513/4
51%
52
533%
53%
55
303/4
\
31%
313/4
317a
31%
31%
*102 7a
104
*102%
104
*102'%
$4
*20
203/s
20 '/a
20%
*20'%
21
*25%
26%
257a
25%
*26
27
17%
18
177a
18
18
18'%
173/4
18%
93
93
*93
94
93
93
93
93
927a
93
*4374
4572
*431/4
*433/4
44%
44%
443%
*4374
45
217a
217a
21%
21%
223%
22%
227a
*2iy8
163%
17
17
1774
177a
17%
187a
583/4
59
58
58
17%
57%
58
1574
16
153%
16'%
16'A
167a
5774
*56
15
38'%
427a
*42
47'%
*46%
427a
363%
40'%
X39 7a
39'/a
108'%
108 %
1085%
137a
14
14
14%
14
14
363/4
373%
377a
38'A
37'%
383%,
35
3472
35i%
,137a
131/4
36%
367a
*31%
*138;
12'%
*11%
*872
87a
57
X1391/2
139'%
■.',12 74
12'%
8%
9%
343%
137a
*33'%
34'%
*9
58%
*25
4
36
-
800
100
>
3,300
36%
r
Min
Minn
Moline
".
36
Minn
6,500
:
9%
111/.
8%
36%
4%
47a
4%
47a
14
1474
15%
■',143/4
153%
143%
35
35
3574
35%
35i%
35
Mission
35
9 74
27
9
97a
9 74
-
*25
*117
121
*116
57%
120
57%
*26
23
119
5972
59%
9%
93/a
9%
*26
28
120%
*118'%
537a
5374
; 53%
541/2
54 3/4
57%
257s
253%
23%
251/2
X2574
25%
593%
i"S
•
'
"
^
122
;
567a ',58%
,
v
25%
603%
,'120 %
121.
500
.56%
573%
253%
^
'253%
7,700
,257a
23,500
.
2,300
54%
*5372
55 7a
55%
*54
557a
*54
55
100
$2.50
257a
24%
247a
*24'/a
2574
*24'/a
25
25
25
200
Morrell
10 3%
10'%
10%
103/a
10 3%
10'%
10%
10 %
10%
10 3%
2.400
Motorola
*18'%
19
18%
19
19
19%
19'%
1.97a
19 %
20
2,000
Motor
*201/4
20%
201/4
20'%
203/4
21
21'%
21'%
217a
21%
193%
193%
20
21
20%
21
16%
16%
163%
20
16
16
107
*105
x20
IS
*105
107
Xl6'/a
11
*1074
105
11%
11%
*105
1037a
105
*105
12
11
12
'36%
*110
117a
363%
36
3674
110'%
36'%
36%
35%
3 6 3%
*110
11072
1172
*37
52
1172
40
52
*37
50%
*110
110'%
*108%
1107a
363%
*110
367a
12
xl2
12 7a
39
*37
39
*37
507a
*507a
52
x51
51
52
'
700
2,200
;
110%
12
11%
12
*37
1172
10
'.
11%
1,900
39
'
$7
500
Monday
Tuesday
June JO
June 11
t per share
$ per share
$ per share
June 12
$ per share
June 13
$ per share
f per share
Nov
103
97V8 Mar II
Dec
48'% May
383% May
204%
Nov
70
May
112% May
Nov
97
93%
Dec
12 •
Feb
8
91/4
Oct
17
Jun
50
Jan
4
451/8
Sep
55
May
Mar 20
113
Jan
4
111
Jun
118
Mar
42
Sep
May 22 "
-
48% Jan 23
3372 Feb 21
107 3/4 Feb
71
Apr
Oct
43
May
Dec
25
102%
7
122
Apr
9
30
Sep
46% May
Feb
1
23%
Sep
48'%
563/4 Feb
8
44
Sep
69
Jan
Jan
6
393/4
Nov
56'%
Jun
105% Feb
20
102
Dec
253/a Feb
21
20
Nov
357a
Apr
311/2 Feb
8
22
Oct
36
Jun
2274 Feb
20
Sep
307a
105% Feb
11
Mar 14
Jan
2
40
May
32
44
183/a
103
Sep
Oct
Apr
1087a Mar
Apr
107% Aug
57% Aug*
Jun
Jun
197a Jan 28
18%
Deo
47% Jan
3
36'/a
6574 Jan
10
54
Sep
Sep
3
97
Dec
41
Mar 21
43% May 19
.
97'% Jan
3
35% May 21
105
Jan
6
Jan
4
138
:
Jun
63% May 19
;
47% May 27
103% May 2951% Apr 16
i
7
Apr
Oct
18 3%
Feb
Feb
45% May
32
Nov
627a
10 7a
<
■
6
*
Oct
140
103/4
4
Jan
173
July
147a
Nov
Dec
'
147a Feb 24
66% Jan
597a JVl
Oct
26 3% Mar
Oct
9%
45
7
68'% Apr
1193/4 July
105% Deo
1143/4 Feb 25.
40%
7
Apr
12% Feb
7
10
100
Sep
36% Apr
28
28
Feb
3
8
81/2
Oct
Dec
60
187a May
129
Mar
May
Sep
Oct
44
Oct
52
Jan
Deo
5%
70
Apr
173/4
Jan
7
51% Jan
2
42
May 19
137s Feb
14
Dec
237a July
Jun
6
49'% May 17
20
257a Feb
19
32
Feb
17
28%
Dec
45
633/4 Feb
3
431/4
Sep
64
128% Feb
4
111%
Sep
135'%
647a Feb
8
57%
Dec
104'% May
28
5
20
Nov
307a
Apr
57% Apr
5
25% Apr. 10
10-% Jun 13
50'%
Sep
62
Jan
24% Feb
7
157a
Oct
3474
Jan
3
19
Oct
36
14'%
Sep
22'%
Oct
1097a
8
26
5
110% May 16
49
May 19
203%
Jan
3
523% May 19
24
May 16
9% May 19
17
May 19
19 3% May 19
_1
173% May 19
143% May 19
—No par
103!% May 26
35
100
.108
Mar 26
Murray Corp of America
4%
preferred
—50
NEW YORK
Jun
115% Feb
33% May 19
113% May 19
323% May 19
3
Apr
27% Feb
25
113/4
.■
Apr
Dec
Jun
—
May
Mar 28
20% Feb
21
1071% Mar 14
102
Jun
Feb
15% .Feb
10
13 74
Sep
27'% Aug
403% Feb
10
32 3%
Oct
49
1087a
112
May
29
15% Feb
443% Feb
11
93%
Oct
13
337a
Nov
55'%
Feb
50% Jun
No par
Jan
97a May 17
37% Jan
2
10
•'
Mar
Apr
617a
May 19
B———1
••
5
141/2 Jan
527a
77
May
1103% July
1137a
104
Jan 13
283% Mar 11
No par
& Bros
156
13
10% May 19
•:
327a July
Oct
104
2
42 i/aTeb
NOV
NOV
397b
17
187a Mar
26 3%
31»%
30
Feb
39
No par
5
r.
47% Jan
110
297a May 19
Inc
—
—
103% Mar
123% May 19
33
Apr 30
J
Oct
73
13'% May 20
50
class
50
5
1
the Week
45%
25
Feb
Jan
6
corn—
Sales for
Friday
Thursday
106
Sep
35'/a
No par
Co
STOCKS
Wednesday
June 9
June 7
8
May 19
May 29
Apr 14
(F E)
493/a Feb
Oct
195
Jun
10
Myers
23
Apr
243/4
10
Jan
Jun
75
May 19
5
LOW AND HIGH SALE PRICES
Saturday
&
Lines
Munsingwear Inc_
Murphy Co (G C)
43%% preferred
6
Jan
Feb
307a
2774
6
33
45%
Oct
Sep
1057a
A .-No par
—
52
Jun
351/4 Jan
190
Sep
127a
48
6
2
Mar 12
577a Apr
112% Mar
Oct
1.25
series
Co
Mfg Co
preferred
31
Sep
Nov
No par
—
Brass
Nov
Xl09
18
common
Corp
Corp
Wheel
Jan
307a
13
27
61
.
& Co____
Mullins
203%
8
100
Mills
Inc.
Oct
Jan
Feb
-1
No par
__10
Products
Mueller
1,500
107
*11
40
Motor
2,100
163%
16%
'
*103a
500
22
*21%
Impl
pfd
cum
Peb
11%
55'% May 17
No par
Wed
(John)
113%
437a
No par
Moore-McCormack
54%
34
Deo
4
347a Feb
"7%
8
20 %
A—_100
Monarch Mach Tool
*24%
*15%
series
Monsanto Chemical Co
Montgomery
1
10
RR
preferred
26'%
46% May
Sep
No par
Corp—
$3.25
Oct
Nov
31/2
6
Mojud Hosiery Co Inc
5,900
28
591%
Jan
12%
26
7
preferred series A
Carpet
Apr
5
pfd_I00
preferred
Mohawk
800
'
56%
7%
Aug
163/4
Feb
5
pfd
Mo-Kan-Texas
II,700
Sep
526
25% Jan
No par
Mfg...
5,600
.•
18
Oct
247a Jan
Co
Power
$6.50
3,300
15%
.
&
400
14% Feb
Jun
87a
May 19
—_B
conv
2
May 20
Copper
3.20%
"
Jun
1—L
Machine
12% Jan
Nov
16
%% cum 1st preferred—
100
Minneap & St Louis Ry
—Noipar.
Minn St 3P & S0 M A vtc„—No par
Minn-Honeywell Regulator
3
300
1,800
;
,
*109
97a
Mesta
173/4
3072 May
20
1
No par
Mid-Continent. Petroleum
Midland Steel Products..—
(
•
57
567a
571%
110
Co
Miami
'.•■
52'%
106
Trans
preferred—
Metropolitan Edison 3.90%
-.40
.
9i%
974
51'%
Min
cum
6.000,
500
12%
*10472
&
$3.50
Deo
Jan
May 16
16'% May 19
92
Jun
5
50
3%
3,000
.
139
*12
87a
4%
60
.
133/4
44
preferred
/Merck & Co Inc
200
52'%
110
36
36
4%
41
110
138
105
57
9%
108 74
*393%
*108%
9 74
52
57'%
81/4
36
9%
27%
57i%
5672
1031/4
300
Sep
Sep
X17%
16 %
_5Q
:
Mercantile Stores Co Ltd
2,600
r
100
12-7a
...
9
■
*104
48
477a
100
1393%
12 3%
513/4
8
\.
*33
9'%
*25'%
4
13%
*138
105
107
35
■■
4
137b
51
105
5774
7%
107
343%
4
87a
105
57%
8
*341%
34
12
50%
50.
105
108'%
x34
142
*8%
507s
103'%
'
'/
33
99
12%
6
Jan
—1
Corp
(The)
1st
conv
Merch
108'/2
473%
99
5%
3,900
*38 7a
.
142
57
260
39
33
-77a
Co
1
30.
15% Feb
21% Mar,
1778 Jan
Jun
May
111% Apr
175% May 20
—100
preferred
Shoe
Mengel
427a
*42
427a
47%
2nd
Melville
2,700.
110
*U3%
*106
*42
4%
100
J.
preferred
Oct
42% May
160
25
1
No par
2,200
463/4
47%
41%%
1063/4
11
102
10
Co
Mar 28
111
24
May 17
46 % May
9
30!% May 19
5
Co
Mfg
65
,
No par
Stores
Nov
111
.35% May 19
24
May 26
18
Corp_
173%..
*98'A
37%
50
/
427a
Mead
22%.
47
100
McQuay-Norris
190
*38%
13%
103%
*42
McLellan
2,100
*108%
3872
13%
*138
.
<-
27'
100
*99
108
*31'%
2172
57%
157o
15
100
108
443/4
300
100.
21
207a
377a
Jan
35
preferred—
7
21% Feb
101%
91
7%
42
108'%
1
Inc.—
763/4
413A Jan
6372 Jan
1
Robbins
Oct
May 17
No par
McKesson
Deo
20
Jan
:
39!% May 19
par
;
Sep
3872
137a Feb
May 19
Co
Pub
&
Jan
17
Co_
Electric
McGraw-Hill
32
140
8
8% Feb
100
4,000
18'%
.17
McGraw
July
303%
9
277a Feb
__100
Mclntyre Porcupine Mines
104
*26
1st cum preferred
I,200
267a
47 74
5
No par
No par
No par
McCall Corp.—L
McCrory Stores Corp
3% % conv preferred—
1,600
2078
*42'%
No
2,500.
(/•'•
18
100
-
preferred
$6
"20
433% May
108
21
4
185
No par
$3
*25
15
1
pfd——
cum
Highest
$ per share
Apr
56s% Feb
14% May 19
—100
+
38% Jan
152
10
14
No par
i
Maytag Co
1,200
110'%
*110
397a
39-
'2774.
83/a
43i%
*20
*56
;
Wks
Stores
preferred
$3.40
150
93
83/s
*42'%
8
8
102
102
*25'%
38%
43%
*110
38
27'%
*100 7a
87a
Sep
39 % May 17
27!% Apr 29
24!% May 27
...
"
8'%
874
Deo
14
5!/8 Feb
22!% May 19
No par
No par
Co
Alkali
Dept
$3.75
70
102
93
May
1,900
.
preferred
7%
Nov
97
327t Feb
109
——1
-—i
Corp
Elec
Master
20%
18
520
6
May 17
974 May 19 !
9
100
*
Corp—
Mathieson
189
43%.
,437a '
102'%
157a
15%
16
160
109
109
109
153/4
.31'%
26 72
93%
8 "A
43
110'%
383%'
*31
43%
8
*110
31%
25%
189
*101%
933%
8
*417a
l53/4
151/2
*
32
253%
*185
109
26% Feb
1003% Apr 16
20
Mar 6
3% Jan 14
19% May 28
63% May 20
No par
_■
4!4%
453%
*108
$ per share
24% May 16
prior pfd—_100
preferred
Martin (Glenn L) Co.
110
,
8
_1
-6.25
5
Exploration
7'/a
7%
*10'%
27%
Oil
$ per share
—
No par
Shirt
Manhattan
Maracaibo
'
-50
1
Co
22'%
22
:—10
—1
:
Co (The)
Mahoning Coal RR Co
1,100
4
4
4
4
.
7%
'
257a
*108'%
9
600
No par
_100
No par
(RH)
Macy
108
.
Mar 12
140
Jan 13
413%Mayl9
30!% May 19
107s% Jan
8
113% ^ay 19
163% Apr 14
12 Va May 13
No par
Magna vox
*107'%
131%
STOCK
—
Inc
Trucks
493A
34
—100
*147
x48%
31
Lowest
:
507a
50%
323%
-
Jan
133% May 17
i—10
Forbes
8s
50
*12 72
97J
M
35
50
171% May 19
-1
100
10
(M) & Sons Inc
Lowenstein
20
1003/8
3,000
*98 74
74
100
I per share
Par
16
207a
20'A
993/4
Year 1946
Lowest
EXCHANGE
Shares
'
tper share
share
Range for Prevlona
Range Since January 1
Highest
STOCK
NEW YORK
'
<
the Week
*15
100'
155
*145
Sales for
Friday
June 13
15%
201/4
*98"%
15%
(3183)
RECORD
STOCK
YORK
NEW
LOW AND
financial chronicle
56
29
50
Dec
70
Jun
10
Jan
'
Jun
11474 Jan
22
Jan
Range for Previous
STOCK
Range Since January 1
Highest
EXCHANGE
Year 1940
Lowest
Shares
Par
$ per share
Lowest
$ per share
Sper share
Highest
$ per share
N
14%
15
147a
21%
22
*21 Va
24V4
24%
11%
STOCK
EXCHANGE
CLOSED
24%
12
*ll3/4
15
15%
22 74
24
*22
3%
243/a
12
151%
153/4
*22
223/4
24%
25
157a
15%
153%
22%
22
22
25 7a
24%
24%
15,200
Nash-Kelvlnator
Nashville
Chatt
&
National
Acme
Co
National
12
12%
12'%
12'%
11%
123%
1,500
10
10
l
1074
1074
10%
10 3/8
10 3%
107a
10%
107s
1,700
Nat
12%
12%
i
*123/4
133/4
123/4
13
123%
123%
127s
133%
1,000
National
Aviation
*27%
27%
*184
28
27%
28%
187
22%
277a
*184
22%
21%
87a
87a
87a
387a
39%
38%
9%
27%
*27
277a
27%
186
184
21%
21%
9 >/a
9
39
39
*2772
28
277a
27%
184
*184
22
217a
91/a
9%
40
40
28 7a
28
27%
7a
27%
185
185
22
*213%
27%
200
National
Battery
28
5,800
National
Biscuit
200
9%
40
217s
1,200
Nat
9%
3,700
National
8',500
Nat
Cash
1,700
Nat
27
9%
9%
9%
9%
367a
37
3774
38
38 3%
393%
383%
39%
5,900
National
14%
143/4
15
143/4
15
143%
143%
14%
14%
29 %
30
293/8
297a
1,400
National
2974
30%
30'%
303%
303%
31%
*15 74
16
8,200
151/2
157a
167a
177a
17
177a
163%
17%
.3,300
Cylinder Gas
Dairy
Products
National Dept Stores
19%
19
19%
19'%
193%
193%
20'%
193%
20'%
24,300
National Distillers Products
37
37
Nat
Stamping
1
37
16%
103 %
*36
17
*3772
337a
X363%
371%
17%
187a
18'%
187a
X13'/a
187a
*10372 103%
*103 7a
10,600
1033%
10374
1033%
*103'%
1041%
60
30%
30'%
2,800
185'%
185'%
140
7%
30
6%
29%
297a
29%
29%
30'%
293%
1851/4
185'A
185 74
18574
*185'%
186'%
*185'%
186i%
1541%
1541/2
*15472
158
*155
158
*155
158
*6 7a
7
*6%
7
18%
18%
187a
19
17a
1%
11/8
1%
773/4
30
78%
,7772
*241/4
15%
16%
73
25%
15%
*24 74
15
25
22
16%
.
17
SO
90
22
*21%
7
7
7
7%
7%
1,000
197a
197a
197a
.1,400
1'%
1%
1'%
7,000
*80'%
81'%
2,800
National
500
National
National
79
,
7972
*24 3%
253%
157a
163%
17
80
173%
*£•372
X25'%
22'%
227a
25i%
25'%
26
157a
16'%
16
167a
24,400
177a
.
907a'
22 74
81
173%
17'%
18%
9,000
90 '/a
9072
91'%
200
227a
*22 !4
227a
900
*89
■
227a
15
15 74
15
15!%
15%
15 7a
12%
12'%
127a
127a
127a
.
-
Linen Service
National
Nat
$2
Mall
&
Supply (The)
preferred
Pa_
National
preferredTea
Co
15
15
2.000
Nat Vulcanized Fibre Co
12%
137a
4,900
Natomas
Co
10
40
100
10
1
No par
347a
Apr
373% May
26% Feb
13
1374 Feb
7
13
Oct
407a Feb
24
Feb
38 3%
Deo
17 3% Feb
15
Oct
23
Aug
Jan
30
Sep
4574
347a
Apr
Jun
May
May
May
Mar
22'%
91%
31
147a Jan
38
180
Nov
2051%
32 3%
Apr
Nov
213%
Apr
Peb
Nov
4572
Jan
Oct
247a Aug
20% Jan
157a Nov
19
223% Mar 28
197a Nov
26
42
Feb
19
313%
Nov
673%
Jan
19
27
25% Jan
2
167s
Oct
3374
Jun
Feb
15
102 7a
Oct
108'%
Jan
May 20
107
35'% Jan
9
189% Jan 30
167
Jan
28
32 3% Aug
407a
Apr
27
Sep
178
Dec
207
July
Xl49
Oct
173
Apr
7
6'%
Nov
107a Aug
Jan
31
20 74
Oct
417a
13/4 Jan
2
743/4 May 26
91% Feb
8
21!%
12%
15%
88
28% Jan
10
167a Jun
11
163% May 20
:
Sugar Ref Co——No par
conv
41/2%
25
Oct
Oct
417s Apr
185
1'% May 20
Corp—
No par
Corp—
257a
May 19
6
150
Mar 20
6% Jan 16
St'l Cast Co
Steel
203%
Jan
Jan
15
183'% Jan
National Power & Lt ex-dist_No par
12%
27.
No par
1%
28 3%
28
17%
30%
14%
103
253%
100
100
1
A_.
B
24
207a May
Dec
Jan
13'% May 16
27% May 19
143% May 19
10
Co„
preferred
preferred
1972
12%
page
Lead
National
1'%
15%
see
$4.50
&
197a
12%
footnotes
158
Enam
National
1
No par
5
1'%
151/4
For
*155
Co__
197a
15%
17
90%
*90
7
30
300
1
^
29% Feb
Sep
137a
34% Feb
13
Mar 26
\9
1
Container
Nat
177a
16%
103%
39%.
'
21
347a
10
Feb
163/4 Feb
May 19
32% Jan 13
No par
Gypsum Co
conv
preferred
*35
•
9%.
Jan
143% Nov
16% Jan
14
33
No par
19
9%
9
13
Jan
21!% Jun 10
8'% May 19
& Share Corp——No par
Corp
10
Register—,
No par
Can
37%
9%
Jan
413% May
181
14%
972
52'%
Sep
100
36%.
9%
Jan
Oct
27
10!% May 19
24
Jan 13
4
City Lines Inc—
Bond
253%
23
30
9!% May 19
5
*
40 5%
'
*9%
40'%
Oct
293% Feb
10
common
preferred
19% Feb
May 24
May 19
11!% Jun
.—1
Inc
Corp/
Co
Co
.
-1
Fibres
185
7%
1
Airlines—
Automotive
May 19
21
14
100
Louis
St
19
8
Corp
130
1,800
..
May
Jan
May
Mar
17
13
17
18
8% Apr
28
1'% Aug
75
Sep
25!4
Dec
117a
Nov
2%
Feb
Sep
101'% July
38
Apr
25
Jan
32
Jan
18%' Feb 13
16'%
Dec
943/4 Jan
18
89
Nov
106'% Mar
20% May 20
13!% May 19
29% Jan
24
21'%
Oct
42% May
177a Feb
10
14 %
Nov
11% Jan
135% Jun
13
10%
Sep
247a May
15
Feb
3
23
THE COMMERCIAL
24t, (3184)'
STOCKS
LOW AND HIGH 8ALE PRICES
Saturday
Monday
Tuesday
Wednesday
Thursday
June 8
June 10
June 11
June 12
June 7
$ pershare
$ per share
*20
I per ihare
*20%
20%
*13%
*105%
*32
♦32
21%
*14%
21%
*
107%
14 3/8
14%
*105%
107%
323/4
33
33
serial preferred-—100
Newberry Co (J J) common-No par
8%% preferred———
100
New Jersey Pr & Lt Co 4% pfd-100
Newmont Mining Corp-,
—
10
Newport Industries
--1
4%% preferred
r-*°r
Newport News Ship ft Dry Dock—1
New York Air Brake
No par
New York Central
No par
N Y Chic ft St Louis Co
100
0% preferred series A-,
-100
N Y City Omnibus Corp
No par
New York Dock —-—
No par
300
*103%
104
*1033/4
104
*1033/4
104
230
*105%
108
*105%
108
*105%
108
37%
'34%
37%'
37%
26%
26%
263/8
99%
97
97
17%
17%
37
173/B
*32
373/4
373/4
27
263/4
*98
>
37%
273/4
100%
33
37%
37%
28%
3,600
2,000
28%
28%
*99
101
101
20
18
18
17%
32 %
18
17%
18
6,400
37%
14%
37
37
900
*25
35
35
35
36
363/4
37
13%
12%
133/s
13%
14%
133/4
*99
133/4
14%
24%
*24
24%
24%
25%
25
25%
82
82
*82%
84
84
85
83%
85
12
12
21%
21%
*21
23
*20
23
*21%
22
*21
21%
59
*53
59
*53
59
*53
55
*53
32,100
59
*53
11%
11%
■11%
11%
11%
12%
800
25%
85
85
13%
1,000
14
No par
.
1
Corp
4%%
104
13
CLOSED
Nehl
Neisner Bros Inc
500
143/a
107%
35
EXCHANGE
Par
1,600
22
14 %
108
17%
*23%
21%
22
Lowest
Shares
1033/4
26%
99%
STOCK
EXCHANGE
$ per share
*105%
14%
*105%
107%
Range Since January 1
Highest
NEW YORK STOCK
the Week
Friday
June 13
$ per share
Range for Previous
Sale* for
*106%
103%
108
37%
*20%
14
*105%
34%
103%
*105
I per share
20%
14
14
107%
Monday, June 16,1947
RECORD
STOCK
YORK
NEW
CHRONICLE
& FINANCIAL
3,000
100
$5
conv
260
*240
*105% 106
11%
11%
263
*240
263
106
*105
105%
105%
11%
11%
973/4
973/4
*240
265
*240
265
106
*105
106
N Y Power ft
20
106
240
11%
11%
97
Y Shipbldg
973%
33%
33%
*91%
*33%
*42%
423/4
423/4
227
224%
224%
121
*119%
*33%
34%
*42%
43
223
*119%
24%
7
24%
7%
97%
*96
15%
15%
*101%
<7/8
102
24%
7%
102
*101%
101%
121
N Y State
Noblitt-Sparks
34%
100
443/4
900
122
24%
233/4
•7%
101
175/a
12%
13
12%
13
13%
133%
13%
13
133/g
23%
23
23%
23%
23%
23%
233/4
23%
24
35%
34
33
33
640
900
*7'%
13%
8
35%
*7%
*13%
-
13%
*33
7%
34
73/a
14
33
73/a
*73/8
7%
14
13%
35
34%
35
109
109
200
7%
133/a
*34
14
*13%
180
CD"
13%
7%
25% Nov
43% May
Mar XI
103% Nov
110% May
106
Deo
113
Oct
Oct
50
Apr
Sep
95% Oct
45
Jun
7
35% May 20
40% Jan
2
24% May 21
32% Feb
7
30%
27
Jun
10
Feb
3
17% Jun
9
21% Feb
4
18 %
Nov
32% May 19
46% Feb
10
36%
Oct
69%
17
22% Feb
3
13%
Oct
353% Jan
12
May
18% May
80
May
11% May
19
Apr
103% Jan
19
37
Jan
2
99
Feb
1
20% Feb
4
19
25% Feb
19
343/4
79
19
109% Jun
26
19
15
10% May 21
Jun
97
102
12
62% Jan
290
Feb
107
Mar
13% Feb
61% May
Sep
Sep
16% Deo
21%
3
135
275
1
413% May
76
May
325
Feb
102
J!in
113% Mar
Deo
11% Nov
8
Jun
37% Feb
Oct
53% Oct
20
Apr
Jan
283% peb
98 % Jun
Nov
72% May
288% Apr
118% Feb
18
125
119
Deo
129
23% Jun
11
non-cum
pfd
10O
10
-1
Northern
-50
Northern Pacific Ry—-—--—*00
Northern States Power Co (Minn) •
Cum pfd $3.60 series
No par
Northwest Airlines Inc
10
4.6% cum. preferred
25
Northwestern Telegraph
—80
Norwalk Tire & Rubber
No par
Norwich Pharmacal Co
2.50
3,800
35%
Feb 13
106
108% Jan
223
Aviation
Central Ry Co
5,900
23%
343/4
I-* o o
323% Jan
22
Sep
109% Aug
Deo
38
53% Jan
252% Mar
North American
24,400
101 %
13%
104
$ per share
May 24
217% May 21
Adjust 4%
4,100
98
163/4
100%
18% Feb 10
106% Jan 16
Mar 22
97
Highest
183% Oct
16% Dec
32% May 19
Industries!—
North American Co
—
10
*96
17%
100
preferred -M
$ per share
24% Feb 17
Nopco Chemical Co
4
Norfolk ft Western Ry—-—100
19,300
7%
99
16%
-
—
18
Year 1946
$ per share
8
490
231
*119%
7%
*96
17%
101 %
Elec & Gas Corp—
900
300
227%
,
245/a
7%
98%
16%
230
24 y8
7%
*96
16%
,
227
*119%
105
May 23
11%
443/4
44
Apr 29
1023/4 Jan
May 20
*33
35
43%
121
23%
98%
13%
43
*119%
23%
7
97%
*33
224% 226
121
x233/4
34%
13
53
97%
cum
Feb
31
250
11%
98
$3.75
97%
13% May 29
105
No par
*963/4
11%
973/4
N
18% May 19
Co—------—-50
Light 3.90% pfd—100
Corp part stk
1
preferred
non-cum
NY ft Harlem RR
255
I per share
Lowest
*
42
65/8 May 16
97% Jun
9
43
Jan
31%
41%
Mar
33% Jan
103% Feb 17
23%
Oct
111
Aug
39% Apr
16% Feb
Oct
9% Dec
115% Jan 11
Jan
53
Sep
Jan
117
May
7
16%
Oct
36
Jan
2
102% Feb 17
96 3%
Deo
12% May 19
22% May 21
22% Apr
2
24 % May 22
45% Jan
2
13% Feb 11
13% May 19
99
Jan
Jun
33
12
6% May 16
133/s Apr
22% Feb
104% Not
18% Nov
56%
44
Oct
55% Jan
9
Nov
Jan
193% May
14
xl8% Feb
15
May 1
Apr 14
Jan
9
111% Feb
18
108%
Jun
24% Jan
6
19%
Feb
29% July
21% Jan
2
21
Sep
22% Jun
18% Nov
Oct
xll9% Jan
6
25
16% Deo
May
O
*34
343/4
33%
*1093/4
110%
110%
223/4
233/a
22%
193/8
19%
*19%
18 3/8
*96%
8%
*100
183/4
34
100%
24
233/4
20
20
20%
19,000
20%
19
8%
20%
20%
19%
19%
19%
19%
20%
98
98
98
98
98
3,800
8%
8%
8 5/8
8 5/S
700
7,100
*100
100%
100%
100 3/a
100%
1003/8
IOO3/8
30
20
*20
20%
20%
20%
*20%
*203/4
26
21%
300
*25%
21%
26
26
26%
26%
263/4
*153%
159
154
155
27%
158
.
20
*20
21
*823%
88
*72
72%
71%
*10%
156
713/4
10%
*99
10%
*10%
19%
156
193/4
*193/4
*823/4
*154
21%
88
*83
88
713/4
21
72%
10%
27
*154
21%
158
30
*21%
2,100
103/4
22
400
87
87
20
723/4
723/4
103%
27
87
*82%
109
21
72
72%
Oil Co
2,100
Pacific Amer Fisheries Inc——1
*11
10%
*103/4
12
*11
12
12
12
12%
12%
12%
Pacific
61
*61
12%
50
61
64
*62
64
64
64
64
64
50
1st
*29%
31%
29%
34%
35%
n
56%
•2a %
34%
1
IS
56%
29a/4
P5-/4
,*29
30
*152
32
33
35
36%
37
363/4
37%
1ft
1%
ift
1%
56 V2
155
*152%
56 y8
56%
56%
56%
29%
293/4
293/4
100%
>11)0%
100%
620
155
*1523/4
155
34%
34%
5%
5%
5%
10%
10%
10%
10%
103/8
13
103%
10%
13
10%
13
13
133/4
14
14
14
45
45%
*105%
*1523/4
33
443/s
*106%
44%
*445/8
107%
*106%
6%
63/4
6%
*56
59
*108
111
25%
39%
58%
25%
39%
23/a
363/4
29
29
2%
37
107%
65/S
59
60
39%
65
41%
41%
23/4
30
233/4
30
9
x8%
8%
8%
8S/8
8 5/8
9%
10%
10%
41%
x41
413/4
8%
*16%
*32
7%
*7%
8
17
16%
353/4
*108
112
*32
,£'
*108
34%
34%
34%
600
41%
43%
42
42%
9,600
8%
5,500
8
73/i
*7%
7%
,18%
353/4
*1063/4
7%
£'%
73/4
18%
*32
112
18%
183/s
18%
*32
112
353/4
*32
193/4
*106%
112
19%
193/4
13
193/4
19%
18%
19%
20
20
18
18%
18
18%
18%
18%
18 3/a
183/4
43%
47%
81%
*7
443/4
*44
45
47%
45
*46%
45%
*44%
45
500
48%
*46%
48
*46
48
*46
82%
48
100
833/4
835%
83%
*83
84%
81%
21
110
93%
*243/4
93/4
28%.
*100
935/8
253/4
109
*28%
EXCHANGE
*116%
CLOSED
13 3/8
108
*7
7%
*7%
30%
31%
—
—
.
*24%
26
*107%
109
x9%
10
Tuesday
*24%
*107%
26
1163/4
.108
11%
24 %
91%
91%
29
29%
13 »/8
,
413/4
# per share
133/a
42%
*13%
41%
$ per share
133/4
133/4
42%
42%
43
.
37%
37
38 3/a
53%
53%
38%
38%
53%
.53%
54
54%
233,4
102
102
102
*101%
103
233/4
24
28%
28%
28%
*116%
1163/4
116%
108
107% 1073/4
*90%
283/4
1073/4
113/4
•107%
12
243/4
24%
92%
*90
29%
103% 104
29%
*103
108
108
12%
11%
243/4
25
92%
29%
12%
25
*90%
30
*99%
100
24
84
*84
85%
85
85
56
56%
84%
84
54%
55
55%
13%
12
12
34%
343/4
11
•105%
103/4
97%
98
97%
*106%
10%
11
97%
19%
19%
19%
n8»/8
19%
J85
sto
•160
172
page
•171
27.
175
174
56%
573/a
13%
13%
35%
35
35
107%
*106%
*105%
11
97%
-
11
97%
19%
19%
18 3/4
20%
*19%.
1033/4
13
*105%
__
183/4
footnotes
35
106% 106%
103/4
Per
♦11%
19%
*97
203/4
.
•
•
19%,
*160
175
*160
172
174
173
700
30%
*22%
107%
„
11
98
203/4
19%
175
173
*103
*99%
233/4
106
-
loo.
58%
34%
*106%
*108
*10%
*97
20%
20%
*160
173%
4% preferred .
;
3.60% series preferred ■;
15
Phillips Jones -.Corp.
5% cum .preferred.
Phillips. Petroleum —
Phoenix Hosiery.—Pillsbury Mills Inc_
$4 'preferred
:
8,500
.300
'
.34%
1,700
107%
_1
il
10
203/4
20%
175
175
10
May 28
93/4 May 19
50
Jan
16
24
Jan
3
343/8 Jun
3
210
.
1
.
.
-1,600
100
No par
.5
,38
—No par
26
Oct
163% Jan 18
28% Feb
8
158
Sep
19%
4
86%
8
180% May
69% Not
100
Apr
Oct
19% Jan
12%
Dec
25% July
49
Nov
38% Mar 26
24
Deo
48
43% Jan
36%
Oct
47% Jun
10%
12% Jan 18
19
Feb
l
73
Feb
8
18
86% Mar
Mar
lft Jun 11
67% Jun
54% Sep
28% Oct
II
39% Feb 19
152
Jun
6
168
8
164
3% May 16
213/4 Jan 10
7
Feb 13
5
Oct
5% May 19
9% May 19
48
Feb
18% Nov
37% Apr 28
13
5%
Oct
14% Feb 21
11%
16% Jan 24
13
Dec
Oct
73/4 Feb
Feb
100
Feb
Apr
Feb
27
Jan
56% Apr
Apr
14% Jan
111
Deo
4%
Jun
July
20% Apr
37% Jan
18
Mar 24
Apr
160%
181%
11%
34%
12%
Deo
May 13
Jun
35
111% May
122% Oct
13
Feb
51% May
39% Feb
Oct
79% Feb
Jan
120
Deo
Jan
93
2
Dec
9% Feb
7
10
79% Feb
15
May 27
223/4 May 19
37% May 17
2% May 17
108% Apr
3
105%
8ep
Oct
32% Jan
53% Jan
4% Jan
2
273/4
Oct
52
Not
6
3%
Sep
7% Jan
Jan
9
35%
Jan
26
Oct
12
Oct
48% May
35% Aug
22% Jun
11%
Deo
24% Jan
5% Jan
13
58% Jun
108
34% May 7
28 y4 May 20
75/8 May 9
8% May 19
33% Jun
2
43
56
4
34% Feb 21
14% Feb
11
15% Mar 31
38
Apr
90%
Apr
May
39% July
82
Apr
110
7
48% Feb 11
12%
Dec
15
6%
Oct
13% May 19
243/e Feb 27
29% Jan
18
36
Apr 16
17% Sep
28% Feb
107% May 20
18% May 17
17% May 19
117
Jan 29
57%
453/4
16%
303/4
40% Not
4
15% Jan
10% Feb 19
383/4 May 27
7% May 17
7
Apr
38
May 13
May 19
47
81% Jun
6
5
May 19
243/4 Jan
16
15% May 19
105
Feb
26
Jan
22
110
513% Jan
6
Feb
22
Apr
May
Apr
51% Jan
Oct
21%
31% Feb 15
23% Jan 16
xll5
68
115
14
3
Sep
40%
Oct
Oct
132
Oct
109% Jun
43% Mar
Mar 11
95% Apr
2
75
May 13
34
Jan
4
28 V*
5
108% Jun
2
Sep
105% Sep
8% May 17
10 % Jun
12
8% Deo
Feb
Jan
36% Jan
16
100
2
80
105
Feb
Jan
47% Feb
51% Deo
86% Nov
101% Feb 13
Jan
27% Jan
Jan
43
Jan 21
55
Jan
25
3
Jun
37% Aug
115% July
20% Sep
Sep
37% Nov
6
26% Feb
23
Jun
109
Mar
14% Apr
$ per
share
13% Jun
9
37
May 14
14
2
69
x98% May 28
109
,23 % Jun
26% Jan
,
6
3
115% May 16
105% Feb ,4
10% May 19
21
Jan
16
"90
—;
1
100
100
Feb
107
50% Mar 15
.12
Jun
10
30% Apr 28
103% Jan
2
17% May 19
101
31
91
80
x48
117%.'Jan
Deo
30% May *
Sep
Deo
34
; July
Deo
122
.May
.116
Oct
20%
Deo
89
Deo
102
33% Sep
104% Deo
112
Mar
8
7
20% Oct
84
Deo
49
Feb 26
'71
Feb
■
May 23
Be pif.<
niiJanU'
>
:Feb
1
37 '
Feb
8
29% Sep
36
Feb 19
102% Sep
123
Oct
:
7% Sep
89% Dec
110
108
li%Jan"i5
102
.Mar 29
23% Apr
3.
26% Feb 10
:
17% Not
xl6% Deo
203
Jan
2
i
{
*«89--<":NoVy>
:73% Jm I?:
7
18
16% Deo
Jun
vl06%iAMg,t!
.36 -Jan I ;
58% Jan
.
t
f47".floai'<-
96% Deo
Feb
«
I
M%pebi
11%
:
■ ■
76% iJan >
.Jaxu'
'41
»Deo'
I Feb
136
May
15% Feb
Feb
106
26% May
Feb
30.
197
171
-tMay f
May'
27%
98% Mar 17
103 %Jun 10
07 >;• Mar 29
21
Apr 29
81
Jan 17
,
24%
:
108% May 23
15% Feb
1
30 % Feb 18
43% Jan 18
109
Feb 25
share
16% Feb
Apr
29% Sep
51% Deo
:
2
.
29% Jan 21
119
: Mar 21
13
35%. Jan
6
27% Jan
May 23
100
—
.Mar 20
.26% May 19
,89*
2
Chic Ry
.
62% Jan
2
43% Feb 13
Jun
53:
.Highest,-ij
t per
$ per share
I per share
153/s Feb 24
36% Apr
18% Jan
Pittsburgh, Forging* Co—
Year 1946
Lowest
Highest
6
,
18
62 Va Jan
Jan
Pitts Ft Wayne ft
1%
preferred
.
33% Feb
129% Jan
97
700
.
Dec
6
May 16
ft
17%
Sep
25
Jun
JO
Coke
X113
95
Chemical Co—No par
Pitts
6
18
54
Apr 10
255/s May 19
$5 conv preferred—~—.Jfopar
Pitts Consolidation Coal Co——1
l,ioo
97%
100
Jfo par
Pitts C C ft St Louis RR—
,
.
100
"
60
-
preferred --———100:
Coal ft Iron——1
Corp
——————3"
pfd series A100
Philip Morris ft. Co. Ltd—
—8
500
66%
preferred ——-—100'
ft Read
3%%
5,300
23%
57
703/4 May 26
Feb
Jun
36
10% Nov
28% Feb
118
Jan
112
Range for Previous
Philco
10
,
4.4%
3.8%
Phils
99%
*85
*12%
-
2,100
2,500
92%
24
*83%
543/4
80
25%
100
5,300
800
.
•
30%
*22
*12
12
243/4
24
*99%
12
*90%
100
*103
%
116%
303/4
*99
1033/4
' 28
92%
*22
171%
700
:
,
23
99%
Range Sinoe January 1
Phelps-Dodge Cqrp !—
—29
Philadelphia Co 6% preferred—50
$6 preferred
No par
Phils Electric Co com ..—-—No par •
51 preference com——No par-
40
*116% 1103/4
24
•160
2,600
8,600
:
54%
233/4. 23%
19% May 15
86% Apr
Lowest
Par:
102
23%
28%
154
7
4
STOCKS
Pfelffer Brewing Co—No par
Pfizer (Chas) & Co lnc————1.
.
23s/8
100
*105%
533/4
102
——i
800
38%
28%
•99
107
preferred
100
—100
—
Shares
43.
235/a
113/8
243/4
preferred
prior
EXCHANGE
-
373%
24
NEW YORK STOCK
13%
42%
"
No par
the Week
283/8
283/4
116% 116%
*22
*106%
13%
100
——No par
4%% 2nd preferred
100
Petroleum Corp of America——8
2,400
I per share
13%
1
8alea for
June 13
May 19
May 19
May 12
17
50
Co
5%
10
10% .•.
May
20
37% Not
30% Sep
8
Feb
13% Feb
109
Pet Milk Co
200
109
86
25% Feb
107
40% Jan 13
Airlines
5%
900
263/4
7
104% Jan 25
Inc——No par
C)
.
105%
343/4
—
100
Friday
June 12
103%
343/8
93%
Thursday
June 11
t per share
1073/4
11%
24
*107%
10%
—
100
•
26
109
10
Wednesday
June 10
•1003/8
29
—
55,100
——
—
36%
23%
1,000
7%
31%
30%
(J
LOW AND HIGH SALE
PRICES
37
533/4
83%
109%
93
93%
*5>4s/8
253/.
1073/4 1073/4
93/4
93/4
43%
102
23%
STOCK
8%
31
„
$ per share
36%
53%
29%
83%
213/4
*108%
June 9
42%
*7%
29%
—
9%
13%
8%
*21
Monday
June 7
*7
295/s
21
110
*107%
19,100
44%
7%
28%
—— —
6,800
43%
11
7% May
———100
.—No par
Corp.——I
Penn Coal ft Coke Corp
10
Penn-Dixie Cement Co
7
Penn Glass Sand Corp
Jiopar
5%
preferred
—
100
Penn Power & Light Co—No par
Pennsylvania RR
50
Pennsylvania Salt Mfg Co—.——10
Peoples Drug Stores Inc—
—8
Peoples G L ft Coke (Chic)——100
Peoria ft Eastern Ry Co——--100
Pepsi-Cola Co
—
33%o
Pere Marquette Ry Co——100
Penney
......
112
Cos
Penn-Central
3,500
20
*1053/4
Jun
97
38
Line—No par
preferred
Penick & Ford
300
353/4
19 3/8
t per share
1,100
3,500
34%
8
17 3%
353/4
83/4
12
42%
8%
7%
17%
11%
600
34%
41%
8
7%
11%
5
1
Park ft Tilford Inc
—1
Park Utah Consolidated Mines—1
Parke Davis ft Co
—No par
Parker Rust Proof Co
-2.50
Parmelee
Ti-ansportation—No par
P&tino Mines & Enterprises——8
25,900
36%
30
%
Paraffine
2,100
1,900
36%:
Corp—2%
4% conv preferred —
Paramount Pictures Inc
800
2%
2 S/8
Airways
Panhandle Prod ft Ref—
—
42
37%
9%
8
—
263/4
36%
1
4
600
109%
263/a
American
Panhandle East Pipe
10,800
64
*108
2%
9%
*73/4
64
7%
26%
*395/8
293/4
6%
109%
26%
25/a
29%
7%
*61
*108
40
37%
*34
Pan
Pan-Amer Petrol ft Transp
800
,
70
8%
40%
14
1,500
9%
34%
10,800
.
46
6'%
*33%
103%
10%
*13%
107
9%
35
Packard Motor Car ———No par
45%
8%
34%
22,300
*1043/4
2%
'
1,600
53/8
45%
363/4
29%
345%
1
Pacific Western Oil Corp———10
105%
60
100
100
Pacific Tin Consol'd Corp
1,200
45%
26 3%
Telep & Teleg
preferred ——
5%
53/8
6%
No par
„Jio.par
4%
105%
109%
25%
2%
6%
45%
*108
Pacific
155
106%
7%
Corp—
34%
35
5%
Pacific Lighting
Mills
Pacific
4%
43/a
34%
5%
6%
253/4
4%
36
5%
37
*28%
4%
35
5%
39
39
2%
363/4
33%
109
*108
253/4
4%
28
Electric
&
19% Jun
9
173/4 May 17
It May 19
1,400
43/a
4%
Pacific Gas
1,000
29
100
4%
4%
410
293/4
100
Co—-—.———1®
Coast
preferred non-cum——No par
2nd ]
2nd preferred non-cum—No par
22,500
169,300
100%
29%
99
155
*30%
56
29%
•152
313/4
373/8
1
Fh3/<
99
500
35%
1
101
11
313%
35%
99
Saturday
preferred
4.40%
Ohio
330
9
x8%
31% Apr
iuu
.—.No par
Oklahoma Gas & Elec 4 % pfd—20
Oliver Corp
—
No par
4%% convertible preferred—100
Omnibus Corp (The)
-8
8% conv preferred A
100
Oppenheim Collins
—
10
Otis Elevator com
-No par
6% preferred —_—-—
100
Outboard Marine ft Mfg ———2.50
Outlet Co
No par
Owens-Illinois Glass Co——12.50
50
24
97
18%
.
110
8
Ohio Edison Co
1,100
233/4
*109
24
98
8%
109%
23%
20
*96
8%
34
*109
23%
18%
98
34
110%
July
202.
200
Not
210
♦
,
May
Mar
Volume
165
Number 4603
*
THE COMMERCIAL & FINANCIAL
CHRONICLE
NEW
YORK
STOCK
RECORD
LOW AND HIGH SALE PRICES
Saturday
Monday
Tuesday
June9
June 10
June 7
9 per than
I per share
•'
32%
331/4
32%
7%
7i/a
9
9Va
130
*63
9%
$per thare
62
72%
185
18%
*10%
*10%
*22%
23
*20%
21%
*12%
CLOSED
11%
5%
5%%
12
12
12
22%
22
12%
21%
11
11
23
23%
23%
22%
*36%
40
1,000
4%%
60%
61%
4,600
2OV4
7,100
Publlcker
94%
240
*37
60
60%
60%
60%
61
61%
61%
17%
18%
18%
20'A
20%
20%
95
95
94
94
94
94
33%
24 y8
33%
23%
33%
23%
34%
107%
107
113%
114%
113%
1141/4
X113
124%
140
125
140%
124
34%
24
23%
107
107%
1151/4
341
24
341/4
24%
106%
115
34%
107
1153/a
115
A
ser
570
'
6%
127
870
140
141
50
No par
141%
1411/4
141%
810
Industries
IOO
;
56%
56'/4
56%
56i/4
56%
56
24 Va
561/4
551/4
56
23%
24
241/4
243/4
22,300
24%
24%
24%
25
14,500
Pure Oil
109
300
*107 Va
109
*281/4
>107'/a
29%
*2iy4
22
7%
109
108
29
29
29
*21
7%
108
29%
22
21%
73/4
75%
11%
113/4
113/4
103%
103%
103%
*103%
31
31%
*31
30
109
30
*29%
221/4
31
*22
221/4
7%
8
74
313/a
74%
12%
105
7%
8%
8
8 Va
x73
73%
721/4
721/4
xl 17b
121/4
11%
121/4
*103%
105
*103%
„
5%
800
31%
31%
20
193/4
20%
201/4
20%
35%
36
36 V4
18
18
18
X36V4
18%
36V4
18 Va
44%
*43
45
*43
45
*43
45
36
*43
45
*33%
36
*36
363/4
*34
11
113/4
*11
12%
IOOV4
*93
20,700
1,000
14,400
*33%
11
*95
1001/4
Hi/4
10%
*95
11'A
10%
100 %
11%
94
23
12
12
74
74
*74%
28%
29'/4
102
28'/4
23
23
24
12%
12%
*73%
29%
102
*27%
31%
21
21%
6,100
363/4
37%
371/4
700
19
600
*93
'27%
27%
*18%
12
12
12
12
96
96
*24
26
*24
12%
12%
74%
75
31%
28%
*731/4
323/4
*99
102
28%
76
31%
'
32%
*99%
4%
293/a
Rels
70
9,600
29
29%
5%
11 3/4
*11%
113/4
11%
11%
253/a
25%
24%
25%
Reo
300
243/4
26,000
*1031/4
105%
7%
8
191/4
96
10%
39%
40
45%
45%
*101
102
20%
20%
14%
14%
*26
28
7%
17%
*104
7%
*112
18%
105%
7%
5%
173/4
♦112
18%
5%
*104%
8
2,300
18%
4,100
105
.
7%
8
21
20%
19%
20
953/4
4,700
96
96
98
10%
190
11
11
45%
10%
39%
*46
40
463/8
*102%
102%
11%
11%
40
40%
46%
40
*102%
102%
20%
102%
21
213/4
21%
21%
15
21%
22
14%
15%
15
15%
46
21%
15 % *
*27
283%
*27%
28
7%
28
7%
7%
73/8
73%
pfd
3
114% Feb
8
112
Nov
117%
Feb
61% Feb
3
47%
Sep
69%
Jan
25% Mar 28
19%
Feb
100
28% May
115% Jun
20
17
107
Oct
36% Feb
4
30
Sep
38%
Mar 14
23% Jan
27
19%
Peb
25% Aug
7% May
Apr
10% May
102
May
102%
29
6%
400
7
9
Nov
19
4
76%
Dec
96 % Mar
2
15%
Oct
28%
105% Mar 12
100%
Dec
112%
28
&
Co
June 7
10
32
Dec
49%
2
17%
Sep
33
35% Jun
May
38% Feb
14
32%
Nov
39
16% May 17
Apr
41
9
Mar
11
100
85
May 17
20% May 21
11% May 28
1
preferred
25
1
B_Z__10
jq
"ZZlOO
7%
73/a
21%
21
21%
1,400
203/4
21%
Roan Antelope
Copper Mines
49
48%
48%
1,300
48
48
21%
21%
2,200
21%
22
22
Royal Typewriter
Ruberold Co (The)
300
24% Jan
Sep
112%
Dec
163/4
1173/4 Mar 13
29% Feb 13
76%
Sep
125%
Jan
26 %
Dec
45%
Apr
17% Feb
102
\
ZZjvo'pZr
34% July
77/a
Nov
7
§
9"% Jan
7
24%
8% Feb
3
Apr
Dec
17 %
Feb
15% Feb
4
13%
Oct
21%
21
24%
Oct
40%
113% May 28
243/4 Feb 16
107%
Oct
307/8 Feb
8
Jan
2
24%
124
Jan
28
105 %
9
May 19
36% Apr 14
45
May 29
Apr
18
7
9 per share
June 10
I per thare
June 11
| per thare
Friday
June 12
Sep
Sep
9% Oct
110%
Sep '
41%
40%
41%
40
41%
6%
6%
6%
6%
20%
21%
20%
21%
213/4
23
22%
22%
22%
22%
2 2 3/4
112%
233/s
112%
8
8
26%
26%
*42%
43%
100%
100%
EXCHANGE
100%
15%
CLOSED
15%
*90y4
94
14%
113
73/4
*98%
8TOCK
*112%
25%
43
*98 3/4
100%
153/a
*89
14%
14%
7
*112%
7%
263/a
43
100%
100%
15%
94
14%
41%
113
8
413%
41%
7%
7%
7%
6,400
14,900
23%
22%
23%
23%
23%
10,100
23%
23%
*112%
112%
5,500
112%
112%
136
83/a
8%
26%
27%
273/a
44%
*8%
45
*100%
15%
*89
8%
1,900
27%
28%
43
28%
50,200
*44
45
800
100%
99%
99%
*98%
100%
99%
100%
100%
*1003/8
100 7/a
220
15%
1,400
153/a
94
15%
*90
153/a
15%
94
*90
50
Nov
28%
Feb
Sep
46%
Jun
50
Feb
3
43
Feb
104
Feb
6
IOO
Nov
25% Feb
3
19
Dec
38
12%
Oct
20% May
14
133/4 Jan
16
163/a Feb
31
10
Feb
50% July
108%
25
10% Mar 31
243/4 Mar 31
Oct
13%
Feb
17
Oct
30%
Jun
60
6
40%
Sep
65
26% Feb 21
213/4
Oct
34%
Jan
Oct
6%
44
*6
14%
15%
153/a
43%
43%
15%
15
43%
43%
153/4
7,400
28
30
43%
44
28%
43%
29%
44
27%
30
1,000
29%
29%
2,100
*6%
7%
300
6%
331/4
11%
11%
*6
6%
6%
7%
34
34
35%
353/4
36%
IP/4
12
12%
108y4
23%
22%
*106
Seaboard Air Line vtc
5% preferred series
108
*106
108
20
Sears Roebuck
Seiberling
23%
23%
x28
23%
28%
233A
28%
29%
*203%
28%
29%
21%
203/4
78
21%
*75
78
78
*17
78%
171/4
*75
17%
78%
17%
17%
*76%
17
17%
17%
173/4
900
15
143%
143/4
14
28%
14%
28%
900
29%
28
Sheaffer
293/4
6Ya
7%
11,800
7%
73%
4%
3,100
43/8
4%
31%
32%
2,600
5,000
39%
100
15
15
15
27%
27%
27
28
7
6%
4
30%
*39
7
4
4
30%
40%
14%
14%
71
71
171/4
*22 3*2
23%
30%
*99
4
14%
41%
311/4
100
163/4
*22
27%
7%
4
7%
4%
21%
23%
24%
*29%
29%
5,600
1,900
21%
1,300
78%
300
21
40 3/4
30%
*39
*70 V4
*16%
41%
7
*14
21%
32
41%
303%
31%
4%
321/4
*39%
40 3/4
*39%
143/4
143/4
40%
15%
39%
15%
151/4
15%
31
71
163/4
233/4
43
303/4
*98
100
*24
31%
71
32
71%
72
*16%
17%
17%
*22
233/4
*22 392
32
44
46%
32
32
*99
100
*713/4
72
17%
*17
17%
*22 &
30,900
23
46%
46%
303%
32
100
15%
73
23
100
*45
31%
*99%
46
32%
1,500
600
26
25
25
101
X25%
10
15%
15%
15%
25%
25
161%
25
153/4
3%
16%
16%
6%
63/8
33%
1,900
78,300
6%
33/4
15%
6%
52 %
*63/8
52%
6%
*52%
6%
53%
6%
53%
6%
*52%
53%
9,700
5,900
16%
*52%
6%
16%
*52%
53%
100
16%
163/4
43
44%
1,600
3,100
43%
44%
*160%
161%
17
44
*160 3/4
17%
44%
*1603/4
313/8
311/4
31%
31%
313/4
261/4
26%
25%
26
36%
37 5/„
see
page
27.
363/a
163/4
45
161%
37%
17%
16%
17
4
4%
45%
X43 %
161%
*1583/4
433/4
161%
158 34
1583/4
30
31%
31%
31%
31%
2,000
6,000
21,500
32
25%
26%
26
263%
26
38
39%
26%
39%
40 3%
39
40% '
Skelly Oil
Co
3%%
Socony
Year 1946
9
May 19
20% May 19
112
Lowest
9 per share
45
55% Jan
Dec
12%
Dec
Dec
33
Dec
24% Mar
22
Nov
347/a May
9
3
11% Feb
553/4 Jan
53
49 Va Jan
1
100% Jan
3
1013/a Apr
18 Va Jan 20
May 29
May
11%
30%
Jan
91
64
Sep
12% Jan
7% Jun
14% May 19
9 per share
32(4 Jan
23% May 17
41% Mar 14
96% May
96% Jan
Highest
I per share
114% Mar
1103/4
Nov
18
Jan
Nov
100
42
Oct
61
Aug
July
100
98% Mar
Sep
93/4
116
Mar
Dec
HO3/*
953%
Dec
102% Nov
Jun
3
11% May 19
393/4 May 17
24% Feb
13
17%
Sep
55
Feb
15
42
Sep
77%
Feb
23
30
May
2
23
Oct
39%
Apr
Nov
17%
Feb
Apr
Mar
8
5% May 17
30 Va May 19
11% May 14
9% Jun
10
10 Va May 19
107
Mar 12
20% Apr
15
-
10% Feb
6%
37%
Jan
2
35 V4
Nov
49%
16% Feb
8
10 V4
Nov
16% Feb
11
13%
Nov
23% May
22% July
39
Jan
16% Feb
3
110
Jan
7
25
Jan
2
123/a
105
17%
Oct
24%
Dec
Jan
113% May
32% Apr
Oct
May 19
36
May 19
333/4 Jan
6
23
Jan
39% May
75
Jun
Feb
19
77
Jan
Nol„
82
16
May 16
213/4 Feb
18
17%
Sep
81% May
28% Apr
1
14
Jun
22
Feb
10
par
_
jg
3
13
24% May 19
Feb
18
n0
30% Jan
6
1
6% May 19
9% Feb
17
5
4
6 3/4 Feb
8
^~ar
Apr
14
23%
27%
Oct
40%
43%
Dec
Oct
1
Jun
17 V4
Feb
8
5%
Feb
July
14%
33
Nov
66%
38%
Jan
61
Feb
Jun
27% May 19
41
Jan
7
39
Apr
51
Feb
21
par
14
May 19
16% Jan
8
15
Oct
20%
Jan
65
Steel
Mar 15
73 %' May
1
64
Jan
86%
Jun
20
15
20% Feb
13
14
27%
24 %
Apr
81
Jan
No par
No
St
Iron
No par
Corp
St Sons
cum
Smith &
Jan
18
new
preferred
O)
May
25
No
Co
Bloss-Sheffleld
(A
*33A
Now
Simonds Saw & Steel
Sinclair Oil Corp
(A)
3%
ZZ
Z_ZZZn3™£
Union Oil
Sheraton Corp of "America
Silver King Coalition
Mines
Simmons Co
Smith
15%
1
ser A
Pen
1
No-par
Jun
5% May 19
1
ZZ
Shell
Smith
26
k
ZZ3ZZZ
(Frank G)
(WA)
900
3%
4
wV50 t,C0/nV pref
Shattuck
3,800
15%
ZZZZZwcTpar
Co
Co
Sharon
$1.20
24%
33/8
100
No par
common
R
15
footnotes
"co
$4.50 preferred
Shamrock Oil & Gas
Steel Corp
Sharpe & Dohme
22%
28%
21%
*75
,
&
Rubber
Inc
28%
17
A
_
20%
.
No par
Seaboard Oil Co of Del
Seagrave Corp
Servel
12%
5
ZZlOO
4,000
10%
123/8
'
pfd 100
pfd
Seeger Refrigerator
12%
*9%
12%
cum
(The)
1,700
2,100
12%
10
12%
*106%
cum
Co
32,500
12%
1.75
No par
no par
$3.40 cum pfd
Bcovill Mfg Co. 3.65%
Scranton Elec
40
18
g
Corp
Co
363/4
10
93/4
11%
Paper
36
12%
93/4
IP/4
23
%
10
9%
11%
*107%
108 J/4
36
12%
9%
11%
IO&1/4
36%
7%
12%
9%
Hi/4
1081/4
*63%
100
ZI 5
^100
8avage Arms Corp
Schenley Distillers
3.35%
44%
271/4
10
9 per share
vtc-Z_No~par
preferred
Scott
Apr
Range for Previous
Range Since January 1
Highest
Joseph Lead
6%
Feb
Jun
3
Lowest
Safeway stores
94
27%
*43
St
St L-San F
Ry Co com
Pfd series A 5%
Jan
12%
36%
20
EXCHANGE
120
8%
43
*98 3/4
43
7%
Jan
7
Jan
Bharee
213%
7%
Jilay
45%
4
Apr
Par
40
Jan
18%
Sep
16 % Feb
19
NEW YORK
STOCK
the Week
I per share
Feb
Apr
31'A May
97
STOCKS
Sales for
June 13
I per thare'
Feb
118
44 Va Feb
101
42% May 19
18 y8 May 19
Apr
Oct
113/4 Feb
May 19
Jun
20
39
20
May
60%
105 %
Oct
110
23% May 16
7
May 19
27% May
101
100
7
May 13
19% Jun
9
May 27
Oct
Jan
May 19
103% My 28
90
Feb
31% Feb
13
14
oar
No par
____
Ruppert, Jacob
Nov
123/4
Dec
1
21%
Apr
15
99
11
16% Feb
Nov
100
21%
31
4
18% Feb
"108% Mar
74
100
No
Jan
14%
2.50
Company
Jun
46%
32% Mar
Jun
5
May 17
11% May 21
22% May 19
110% Jan
3
100
series"
Feb
53%
Oct
84 % Feb
No par
class
33%
Sep
36%
Jan
40% Feb
No par
preferred
Sep
40
'
4
74
sq0
prior pfd ser A
Copper & Brass
16 3/4
9
8
43/b May 19
ZZI-10
10
44% Jun
May 16
1
No par
Feb
Feb
38
24% May 19
100
May 9
1
Corp
21%
3
34% May 22
9 Va May 17
100% Apr
9
No par
47
June 9
9 per share
Feb
Feb
50
1st pfd
Corp
21%
Thursday
Apr
41
5
46%
Wednesday
Jan
803/4 Feb
15% Jan
25% Jan
50
conv
Ritter
10s/4 Feb
15
21
283/4 May 19
100
Preferred 3.60%
Rheem Mfg Co
Richfield Oil Corp
100
19
70
50c
20%
Tuesday
Feb
17 3/8 May 19
preferred
preferred
20%
Monday
Jan
109% Jan
LOW AND HIGH SALE PRICES
Saturday
For
150
May 19
25
No par
1
Common
5,100
*21
Jan
July
51% May 19
21% May 19
106% Jun
2
No par
45%
211/4
*441/4
*20%
Jan
126
41
110% Jun
1
Reynolds Spring
Reynolds (R J) Tob
2,700
14%
7
Jun
1153/4
103
10
No par
Drug Inc
Reynolds Metals Co
5 Ya% conv preferred
4,700
*46
14%
28
30%
Sep
Sep
1
Apr
1®
fRexall
800
40%
463%
39%
*46
20%
*26
Oct
50
1st
Stores
5% %
17,800
21%
96
102
105% May
Sep
17%
142
Motors, Inc
Revere
70
20
39%
453/4
Mar
Dec
31
139% May
Corp
$1» conv preferred
Republic Steel Corp
100
96
10'A
39%
101%
Rel
Republic Aviation
Republic Pictures
2,800
112%
17%
104 %
73%
4%
5 Va
113%
104
7%
4%
20
10'A
7%
21
112
5%
95%
19%
*95
10%
24%
112
17%
103%
7%
19%
*95
xll%
24%
17
103%
110
98%
114% Aug
119% Jun
Remington-Rand
2,700
5
17%
2
Jun
10
No par
Inc
(Robt)
$4.50
5%
17
13
38% Jan
94
25
non-cum
Preferred
Reeves Bros
102
5
11%
102% Feb
30% May 19
Reliance Manufacturing Co__No
par
Conv pfd 3% % series
100
5
112
5
Apr
May
Feb
700
4%
11%
67
127
13
123/4
5'/s
23%
Feb
71%
Nov
2
Reliable
43/4
*111%
63%
Oct
32
Jan
200
5
12
Dec
53
May 28
25%
5
24%
Oil
4% non-cum 2nd
Real Silk Hosiery
70
5
112
38
2
117
Reading Company
1,500
96
4%
23%
17
11
32% Jan
127
$2 preferred
100
4%
*11%
State
Corp
Raybestos Manhattan
Rayonier Inc
700
*92
30%
102
19
113/4
74%
29V4
*99
*31i/4
4%
*111%
Feb
65% Jan
108
100
Ralston Purina Co 3 %%
1,700
211/4
19
12%
74%
29
*99
31%
20%
113/4
95
12%
28%
100%
11%
94
*22 %
*99%
*93
11%
*92
*22
Feb
31
Radlo-Keith-Orpheum
50
31%
*36
18%
94
*88
Feb
30
119% Jan
No par
Radio Corp of Amer
$3.50 conv 1st preferred
1001/4
37
*10%
27%
109% May 14
No par
No par
preferred
Bakeries
Quaker
37
10%
44%
*33
Oct
Oct
Nov
100
(The)
conv
Purity
100
105
35%
*19%
25
14%
11%
R
7%
75%
11%
11%
*101%
109
22
75
74
>108%
Sep
3
13
Feb
43
May 19
Jun
22
July
29% Aug
Oct
20%
Jan
Nov
313/g
12% Nov
10
May
200
100
preierred
23%
—
Feb
183/4 Feb
16
\57
Inc
B%
111
24
May 17
34
cum
preferred
7 ft
140%
*1103/4
193/4 May 19
113/4 May 17
24
126%
111
19
103 % Apr
127
*1103/4
243/4 Mar 28
25% Feb 21
126
111
5
19
10%Jun
Apr
92
Oct
16
126
*110%
13
Jun
343/4
Nov
24% Feb
5
14% Jan 28
Feb
96%
Oct
200
Feb
141
Dec
12%
23
21
9
68%
7
Jan
213/sJan
125%
111%
17% Feb
200
May 20
153/4 May 17
141
►110%
May 15
17 y4 May 16
5
125%
140
10% May 19
171
No par
1
Inc
56 Ye
111
Nov
Pub Serv Corp of N J com—No
par
$5 preferred
No par
1,410
115 Va
Co
preferred
Pub Ser El & Gas pfd $5
Pullman Inc
*110%
Oct
59
preferred
No par
Public Service Co of Colorado
20
8,000
107
Car
preferred
$4.75
2,700
24%
24
107
103
Mar 29
Mar 31
1
Procter & Gamble
193/4
*93%
40
12
74
5
Pond Creek Pocahontas
Poor & Co class B
Steel
Jan
22%
Jun
130
13
5
Pressed
300
14
Oct
78
1
1,200
94%
33%
pfd
4,200
10 Va
Jan
Dec
9%
May 17
Plough Inc
Plymouth Oil Co
1,400
48%
7%
8
Jan
(The)
.10
18%
107
Ash
Sep
14
59 %
100
&
Co
# per share
Feb
9 a/a Feb
13
22
67
100
Young
30
1
100
Pittsburgh & West Va
Plttston
300
May 19
7% May 28
Apr
Highest
I per share
42% Feb
21
100
pfd
Pitts
4,400
22%
10%
17%
23%
A
pr
143/4
141/4
10%
59%
33%
class
conv
*13%
*13%
*93%
105%
ser
*21%
141/4
40
1st
114
Lowest
f perthare
7
No par
100
B__
221/4
10%
131/4
10
*36%
300
185
21
11
22
10%
11%
*160
21%
231/4
21%
11%
185
21
22%
37
preferred
180
180
32% Apr
-No par
class
Year 1946
Highest
• per thare
10
Co
preferred
64%
185
19%
Co
Steel
7%
73%
21%
12%
Pittsburgh
10
64%
*11%
Glass
Pitts Screw & Bolt
1,800
130
Plate
73
22%
10
93/4
Pitts
64%
11
37
8
93/4
*123
par
11,100
3,200
Range for Previous
Range Since January 1
Lowest
8haret
73%
11
10 y4
7%
9%
130
STOCK
EXCHANGE
65
11
37
37
34%
NEW YORK
74%
*160
19'/4
*10%
13
9%
64%
34i/4
7%
9%
130
*72%
185
19%
ny2
9%
63
*160
19 'A
7%
*123
Sales for
the Week
9 perthare
34%
7%
74
*72%
ny2
*160
130
Friday
June 13
share
34
33
9%
*122
64
72%
*10%
exchange
June 12
71/4
*122
stock
Thursday
June 11
33%
7%
STOCKS
Wednesday
I per thare
(3185)
_i0
Carpet
Co
preferred
Corona
Vacuum
Oil
Co
20
100
Typewriter_No
par
22
May 20
21% Mar 20
233/4 Jan
29
21
Sep
Sep
38
58
Feb
7
42
Oct
39
Jan
23
35%
Nov
May 20
29% May 19
May
Feb
65% May
Apr
2
101% Jan
7
99
Dec
108
July
24% Jun
9
35 Va Jan
6
29%
Sep
48
May
Oct
18%
98
Inc
15
South Am Gold & Platinum
South Carolina E & G Co
133/4 Mar 14
16 V4 Jun
13
13 V4
Z_1
3 % May 20
5% Feb
8
4%
Sep
8% May
7.50
6% Jun
12
8% Jan
9
7%
Deo
9
Nov
51% Jan
24
54% Apr
Dec
53
Nov
2234 Jan
9
7
62 %
14% May 28
37% May 19
20%
Dec
22%
Deo
Jan
18
48%
Sep
69%
Feb
May 19
170% Jan
9
167
Dec
303/a Apr 25
23% Apr 18
34% Jan
7
30
Sep
22%
Jan
May
39% July
33% May
34 % Apr
47 V» Feb
38 V*
Oct
70
5% preferred
Southeastern Greyhound Lines
South Porto Rico
Sugar
8% preferred
Southern
California Edison
Southern Natural Gas Co
Southern
Pacific
Co
'50
5
No par
iqo
25
7 50
No par
154
19
56
28 Va F^b
fi
Jun
193
Jun
25
(3186)
RECORD
STOCK
YORK
NEW
Monday, June 16, 1947
CHRONICLE
COMMERCIAL & FINANCIAL
THE
:26
Range for Previous
STOCKS
LOW AND HIGH SALE PEICES
Wednesday
Tuesday
June 11
June 10
Monday
Saturday
June f)
June 7
'
J per share
30%
59%
*74
76
9%
14,200
613/4
1,400
76
76
76
751/4
75%
74%
741/2
17%
173/4
181/4
18 %
18 Va
1,000
5 Va
1,000
8%
300
18%
51
17%
17%
17%
18%
9%
10%
105/8
113/8
*77 '
145/s
*1107/8
111%
283/4
29Va
4,700
981/4
98 Va
98 bu
700
2 lS/8
213/4
23%
22%
233/4
223/4
23%
29,200
93
101%
40 3/4
743/8
27 Va
2,800
$7
21,600
99
57%
57 %
58
573/4
41 Va
40%
41%
403/4
581/4
41 Va
74%
75%
75Va
75%
75 Va
76
27%
27%
27%
27 Va
27Va
27%
104 %
*104
13 Va
123/4
13%
13
13
*41%
42 %
42
42 Va
42 %
42 Va
*41
42
*41%
42%
*38
39
*38%
39
39
39
13
13
*12 3/4 1
13%
13%
133/4
38%
39
383/4
103%
*14%
14%
143/a
14%
15%
15%
15 3/8
153/4
153/a
163/a
16
19%
19%
19%
19%
19%
19
19%,, 19%
%
2,800
15%
1,900
Stewart-Warner
16
3,600
1,700
Stone
11% *12
12%
12%
12%
12%
12%
123/4
3,100
17%
*18
'V 18%
19 Vb
18%
19%
183/4
19%
23,300
57
121
*56
*120
9%
9%
36%
36 %
'
-
35%
34%
34%
36
36
•
8%
8%
18%
18%
8%
83/4
18%
112
15
15
15
383/a
:15%
*38
39
17%
17%
17%
17%
30%
30%
30%
24%
24%
24%
21%
•25%
17%
31%
98
6%
6%
6%
6%
*10%
11%
*1.0%
llVa
*4%
4%
4%
Xl4%
14%
14%
60%
61%
60%
200
39
*38%
1,000
1
series A preferred—No par
$4.50
:——No par
Class A pfd : (4%%
cum)
100
Sunray Oil Corp .—I
1—1
Sunshine Biscuits Inc—
1_12.50
Sunshine Mining Co—
—-10c
Oil Co_—
Sun
Superheater Co (The) —
No parSuperior Oil of Calif—/«.
-v.—.25
Superior Steel Corp_————50
Sutherland
CO—'-
—-10
Amer (The)
,4.16%
Paper
of
Sweets Co
18
18%
1,100
32%
32%
33
2,700
Swift
&
25%
25
25%
3,300
Swift
International
23
2,200
Sylvania
100
10
22%
223/4
223A
*99
100
3,100
6%
6 3/4
7%
7
6%
*10%
,
—L—1
(The)'
Corp
18
*99
100
6 3/4
15%
5
1
—20
Chemical Corp
Sun
25 Va
22 Va
21%
*98%
100
*98%
15%
Studebaker
Co
-25
J——t'
No par
No par
i—'.
—1
Ltd
Elec Prod's Inc
preferred
V.
Symington Gould Corp
$4
1
10%
300
43/4
*4%
43/a
*4%
4%
100
14%
14%
14%
14%
14%
1,500
62
.
62%
63
62%
13,500
63
9
Telautograph Corp — ———5
Talcott
Inc
Tennessee
(James)
(The)
'
Producing
12%
13%
13%
13%
13%
7,500
483/4
49
48%
483/4
49%
50
2,400
Texas
49%
29%
30
%
29V4
30
8,600
Texas Pacific
24
243/4
22%
24%
.
29 Va
29%
29%
29%
22
23%
23
24%
48%
*47%
*473/4
53%
14%
*13%
100
15%
16
16
1,100
53%
15%
533/4
5334
14%
*133,6
49%
*48
15
53 Va
49
]5Va
-53%
49%
15
•54%
15%
'
54
*13%
14%
♦50%
52%'
7%
7%
7%
'
14%
100
The
Fair
900
Thermoid
110
8
73/4
3,900
8%
19
,19%
19%
13
*12%
13%
*12%
13
13
38%
38%
38%
40
41
41%
*98
99
99
98
98
300
13
39
19%
*12%
*98
4%
*4
21%
*20%
19
*98%
4
19%
100
3,100
30
993/4
2,100
4%
3%
4
21%
22
22V4
24
25
19
19 Va
193/4
19%
19%
12,400
1053/4
1053/4
105%
105 Va
230
33/4
*21
19 %
18 3/4
105%
19
*19%
106%
4Vo
900
div
Third
common:
conv
Avenue
Steel
Thomas
.*
_
'
—No par
1
preferred
50
Transit CorpJVo par
Co
52
100
_5
No par
Co_;
Mfg Co
pfd
J
11%
52
$2%
Ry
Glass
conv
11%
39
*19
$2.40
_1
Land Trust
Pacific
&
Texas
^Thatcher
8
*51%
*51%
7%
140
No par
_10
Oil
Coal &
Pacific
Texas
11%
11 Va
52
49
1
Sulphur-.
Gulf
53
*13%
,11
11
11
11
28,600
25
Gulf
12%
13%
Texas
12%
48%
1
5
Corp
Texas Co
—1
(The)
Co
(J
R)
Thompson
.—25
—'
Thompson Products com
No par
4%
preferred
r
-100
Thompson-Starrett Co.—
No par
$3.50 cum preferred
No par
Tide Water Associated Oil—-—10
16%
16%
16
16%
16 Va
16%
16
17
16%
43%
43%
43
433/4
43%
44%
44 "•
44%
44-
11%
11%
11%
11%
11%
11%
11%
121/4
12%
3,400
preferred
—
No par
cum pfd called July 1, 1947Timken Detroit Axle—,
,_5
Timken Roller Bearing
No par
ITransamerica
Corp
——2
14
14%
14%
14%
143/4
15%
14%
15%
15
4,800
Transcont'l & West Air Inc
14%
*133/4
143/4
14%
14%
*14%
143/4
143/4
300
5%
6 Va
6%
6%
6%
6 3/8
8,300
104%
106%
*13%
.5%
6
*101%
102
101%
17%
17%
28%
36%
36%
*102
*102
102%
103
8%
8%
11%
*10%
6%
48
17%
1,600
120
105
103
18
•
3,000
v
400
18
29
36 %
,
102 Va
*8
X29%
29%
29%
19,600
37%
x37%
37%
37 %
1,300
103
*102Va
11 Va
113/4
113/4
20th
Cen
Corp
r
12
June 10
S per
I per share
share
110
800
Twin
2,400
Friday
June 12
Coach
$ per share
12%
*12%
13
47
9%
9%
28%
29 %
28%
100%
100 %
100
104
20%
CLOSED
20%
128 Va
EXCHANGE
130%
108 Va
*108
112%
113
105%
104
10 3/4
103/4
103/4
31%
30%
31S/8
307/a
113
113%
150
1051/4
*104
105V4
30
103 %
104
130
108%
108 %
Par
213/4\
21%
130
*108
32
32
31%
18%
19%
107%
107 %
21%
22%
21%
22%
*111%
113%
,
*19%
112
20
193/4
28%
113
28%
*107
'114
2OV4-
29V4
No par
Unioxi Bag & Paper
Carbide & Carb,
Union
—No par
32
400
Union Tank Car—
191/4
22 '/a
114%
115
20%
16,400
107%
23 ;
17,000
„
5%
series
No par
.——■.——5
100
preferred
conv
United
Air
4% %
700
115
$3.70
United Aircraft Corp
200
Lines
_
Inc———i—-10
preferred,
cum
20%
20
20% "
1,100
United Biscuit
30
-
*27%
29
28%
29
*27%
'
4%
4%
56%
55%
2%
2%
23/4
2%
2%
50%
50%
50%
50%
501/4
6%
*6
4%
56
*6
,
'
*80
82
*11%
.11%
36%
36%
30%
5,100
United Carbon Co. new
*36
47%
48'
47%
20%
20%
20%
13%
13%
13%
107%
1073/4
107%
107%
143/8
143%
14%
14%
17%
173/s
103
103
17%
104
47%
'
14'
17%
105
*94
153/4
153/4
15%
95
96
3 Vb
3
503/a
6 3/8
49%
6%
61/4
*81
82
29
200
5
9,900
60
260
3o,400
3 Va
5,600
50
63/4
1,400
Co
new
12%
12%
12
37
36%
36%
36%
"
363/4
United Electric
United
48 Va
47%
48V4
48
49%
21
21
21%
21%
21%
2,700
14Va
14
14%
1376
14%
II,000
107%
107%
*104
17Va
*104
16%'
X97
14%
143/4
18 3/4
18%
106
*103
16%
16%
98%
QQ
190
*188%
190
*17%
18
18
Iff
*80
86
*80
86
*80
86
*1851/4
*185%
-
106
106
15
143/4
18%
18
106
*101
17
*16
189
18
18
*80
86
»
15,300
190
U
160
900
163/4
101
173/4
5%
United
7,100
18%
105
*186
United
2,600
"**
is Va¬
600
Gas
&
footnotes
see
page
*80
27.
wirnsr.'JWIWBqtawsStf-::
&
se '
1
Fdy
Co
—.5
No par
Improvement Co—13%
& Mfrs Inc com—I'
S
preferred ——
Paperboard ;
& Foreign
Seour
preferred
Freight CoU S Gypsum Co—
preferred——.
U S Hoffman Mach Corp
$4,50
U S
r
For
Cos—— 5
United Merch
1,300
15
Coal
Engineering
United Fruit
110
106 '
100
100%
100'
900
13%
14% i
Corp
No par
Cigar-Whelan Stores-.
30c
conv.' preferred
.—100
United Corp common
—1
.$3 preference—5
United Dyewood Corp
1
$3.50
6Q0
12%
20%
'
United-Carr Fast
United
^Preferred
82
12%
18%
190
47/a
60
*81
82
*17%
*188%
29
5Va
58 Va
47%
20%
96
153/4
7
.37
29
50
50%
.
30
3
3
*81
*12
5
58%
56%
6%
6%
82'
37
11%
5
43/a
56%
12
*80
*27%
29
*27%
\
4%
56%
29%
4%%
May
104
July
Sep
56
Dec
18%
Dec
40%
Jan
7
14Va
Nov
39%
Apr
4
84%
109%
Apr
15 Va
Sep
Sep
2
33%
Feb
55
May
11
107%
Oct
118
Mar
37% Jan
May
101% Jan
5
18% Feb
451/2 Jan
112 »/2 Feb
6
3 4 3/a
Nov
55
13
98 %
Dec
99 %
2
20%
60% May
18
70
Oct
Oct
135%
Oct
149%
Apr
59%
Aug
Feb
19
78
58 % Jun
13
42
Feb
7
37
Feb
Feb
61%
Nov
125
42
76
Jun
13
29
Jan
28
105
Jan
29
17% Feb
11
49:
Va
20% Mar
100 %
Dec
493/4 May
783/4 May
July
30
108%
Jan
25
Feb
37V2
Nov
56
Jun
37
Feb
Oct
Sep
53%
Jun
26% Aug
Jan
16%
Oct
49-
Jan
41%
Jan
104% Mar
102%
Oct
19% Feb
13 Va
Oct
26% May
241/4 Jan
2OV4
Dec
39% May
21
Jan
14%
21% Jan
Oct
11
18 Va
Oct
Apr
38% July
3
12%
Nov
24% May
17
103%
Sep
75% Mar 24
61%
Sep
Feb
122
Apr
117
15
'103/a May
2
'7%
Oct
45'/8 Jan
2
42%
Sep
Oct
17% Oct
102
Oct
10 3/a
13% Mar
6
233/4 Feb
17
2
116 % May
Mar
5
19
110
124% Aug
May
:
56% Aug
1
14
Apr
24
35% May
May
160
Dec
Nov
23
Jan
55%
Apr
Sep
21
Aug
13%
Apr
1
37% Jan
28
31
Sep
41%
Feb
2
253/4
Nov
36%
Jan
28V2 Feb
13
19V4
Nov
41
Nov
101
104V4 Mar 11
Feb
109% Aug
Jan
16%
101/2 Feb
7
7%
Nov
Feb
17
113/4
Jan
19% May
7% Jan
9
6%
Dec
Sep
13
Jan
7
143/4
25%
Jun
52
Feb
14
173/8 Feb
14
13
27
13
16
13
63% Jun
30% May
9% Mar
141/4 Mar 28
53% Feb
68% Aug
July
18
46 %
2
Sep
Oct
Jun
603/4
21*
27
32%
Jun
24% Jun
11
14Ve
Oct
26% May
583/4 Feb
13
13% May 19
53
Jun 13
12
May 19
1 9% May 19
49% May 17
; 63/4 May 10
16% Jan 4
18
35
Sep
65
May
18
Sep
*
211/2 Feb
Iff
13%
Sep
59% Feb
13
47
Sep
61% July
173/4 Feb
13
15
Sep
30% May
13% Feb
13
10
Sep
Feb
15
48
Oct
70
9%
16
Oct
20%
Jun
Dec
18%
Nov
14%
Oct
60 'A
14% Feb
213A
5
Feb 21
16% Feb
May 19
May 19
May 19
May 21
May 17
11
59 V2 Jan
May 23
30
106
•
Feb
Feb
21% May
Oct
69%
Jun
112%
Jun
Oct
13%
Jan
32
Oct
68
Jan
24%
Apr
5 Va
3
39% Feb
1
20% May
5
17%
Nov
108Va Feb 24
99%
NOV
105
17%
Oct
38 %
102
Mar 10
71/4 Feb
2
112
Feb
May 21
26%
Jun
Jan
21% Feb
,4
16%
Oct
51% Feb
13
38%
Oct
66%
151/2 Jan
3
13 Va
Oct
21% May
22% Jan
6
18 3/4
Dec
71
19% Feb
3
14
Dec
33%
73/4 Feb
7
Oct
12%
112% Feb
20
.
10% May 17
13 % May 17
14
May 13
5% May 19
101
Jun 2
15% May 19
26% May 19
*35% May 22
102
Jun 6
' 7% May 13
38 % May 19
9% May 19
share
,
Jun
27% Jan
13% May 20
'
May
78%
19%
7
47
23%
38
24»/4 Feb
May 16
37/8 May 16
105
May 21
' ,153/8Mayl9
40Va May 13
Feb
23
3
109% Apr
10
18
Aug
15% Feb
20% May 19
93
Jun 3
5% May 19
20
May
-25% Feb
May 19
Jan 2
Jun
9
Jan 27
121/4
38
98
3%
63
109 Va
Feb
17
17Va May 20
101 Va Jan 13
13
May 19
$ per
Apr
18
19
19
19
18
26
10
11
27
19
1021/4 Jan
Dec
11
43% Mar
May 20
Mar
Jan
May
Jan
Jan
Jan
Apr
1143/4 Feb
503/4 Mar 11
371/4 May 19
63
Mar 17
23% Jan 3
101% Jan 6
10% May 19
41% Jun 3
37
May 17
55%
IOVb
46%
21%
15%
41
24%
Jan
36%
preferred
■,
12% Jun
9
43 % May 19
9'/a May 17
251/2 May 19
.89% Jan 15
28 % Jun
32
*107
27
Sep
,
90% Feb
No par'
300
201/4
11%
37
17'/4 Feb
l9VaMay28
9,100
I,800
108
1073/4
Jan
25
23% Feb
100
21%
1303/4
108
31%
13%
92
7
13
55% Jan
No par
21 Va
129Vt
150
103 %
'Preferred
141/2 Jan
May 17
May 17
36
14%
30%
223/4
Feb
Apr
Oct
Nov
51/2
93% Jan
Xll2% Jan 29
1043/j May 14
99'/8 Feb 14
20
Apr 14
120
Apr 15
105
Jan 3
30
May 21
16% May 19
1031/2 Jan 15
21
Jan 16
107% Mar 10
Un El Co of Mo pfd
"
28%
5
213/4
103%
22%
*20
20%
29
No pur
Co—
Ruber
Asbestos
108%'
114%
114%
1
—
Corp
130V4
22%
23
.22%
20
.
19%
20%
19%
107V4 107%
13,200
Union
8
30%
21% Feb 20
5%
Sep
105
Sep
16
38 3/4 Jan
6
37%
Oct
Jan
6
46'/a
Nov
Dec
48
114*
Jan
Feb
Jan
Mar
22% May
63% May
79
106%
May
Jan
7
102%
Feb
11
11%
Oct
24
Apr
51% Feb
18
433/4
Dec
71 >/4
Apr
5
11 %
Nov
26%
Jan
103% Mar
16
15% Mar
Range for Previous
Year 1946
I per
Lowest
8 per share
share
Highest
% per share
U
(The)
Udylite Corp
Ujuudxwouu
7% Feb
May
May
May
Feb
May
Jan
*
7% Jan
'32% May
8% May
Jun
96
16% Nov
Range Since January 1
Lowest
Highest
STOCK
EXCHANGE
$4.50 ser j7o par
No par
Preferred
$3.50
series
No par
Union Oil of California
25
Union Pacific RR Co—
100
4%
non-cum
preferred
100
*
18%
105
114%
-21
107 %
15,200
1033/4
130
18%
31%
105%
20%
*106%
l,60o
104
*103 %
32
103/4
103%
108%
108Va
800
*113%
113
1
129%
20 3/4
*129
103 7/8
1,300
105%
1033/4
105
32
32
*31
103/4
100 %
100%
*103%
49
29
29
*104
*103 %
STOCK
113
106
12%
48%
12%
x49 %
9%
112 Va
*112 Va
*104
123/4
50
12%
493/4
10 Va
47
9%
12%
12%
$47%.
12%
47
4
10 '/a
-16
10 Va
107
51
118
Jun
90%
'
Shares
share
■
47
50
—1
Co-—.-—
NEW YORK
theWeek
f per
I per share
No par
No par
No par
$1.50
Sales for
June 13
Thursday
June 11
tper share
Corp
STOCKS
Wednesday
Tuesday
June 9
June 7
No par
No par
—
Film
Fox
LOW AND HIGH SALE PRICES
Monday
Saturday
No par
preferred
$6
Truax-Traer
12
40%
No par
Tri-continental Corp'——,1—1
42
4QO
8%
8%
40%
5
St'l
Williams
&
Transue
preferred —.—
$4.50 prior pfd
Twin City Rapid Transit
5% conv prior pfd
103
103
8%
42
*40
11%
*102%
8%
8
.
42
*11
30
37
.
8Va
*40
42
*40
17%
-
103
103
*17%
28%
36 y8
102
17%
28 %
V2
$3.75
$3.75
>—
20% Feb
„•
65
Oct
73
L
T
10%
11
13
12
—No par
Webster
&
32
25 Vb
25
:
16
38%
6,000
700
113%
*17%
31%
21%
21
22%
98
'
:
2,600
112%
38%
;17%
31%
9%
19
18 3/4
15,000
1,700
112
xl5
16
38%
15
40
♦38%
*110
111%
111%
112
r
37
8%
8%
20
9%
36%
37
19%
111%
114
9 3/8
93/4
19
18%
18%
58
121%
*120
'121%
8%
8%
8%
,
18%
,
10
500
*56%
58
57%
121%
9%
-
9 %
8%
9%
108
*107
107
2,100
12%
12%
12%
12
107
57%
120
120
'
9%
12
121%
56%
56%
57
*120
*107
108
*107
108*
113/4
11%
11%
11%
———
19%
17%
108
Corp
8
17
x353/4 May 13
102
Mar 14
13% May 17
143/4 May 19
19% Jun 3
...—100
_
16
12%
11%
100
Stokley-Van Camp Inc__
5% prior preferred
17%
*107
preferred
3%%
100
12
•
;—
193/a
163/4
10
.1
4%
conv
.—-—\—50
Starrett Co (The) L S
No par
Sterohi Bros' Stores Inc
:
1
Sterling Drug Inc common——5
Spring
preferred
Steel
104 Va
15 Va
15%
15%
15%
1,300
39%
*103
103%
14%
13%
39 Va
104
*1G2
104
*102
103%
*102
39%
100
40
13%
133/4
403/4
133/4
40 3/4
397/a
39 %
*38%
40
*39
•
Ohio—
preferred series A
Standard
400
No pa-r
Oil of
Standard
3,400
12%
OH
Feb
Apr
81
89
No par
of Calif
No par
Standard Oil of Indiana—
25
Standard Oil of New Jersey—
25
Standard
3%%
12%
preferred—(
No par
& E Co $4 pref—No par
preferred
preierred.—1
prior
prior
4,600
106
*104
106
*104
14,900
20.400
cum
Standard G
107 3/a
106
D
$3.50
"
1063/4
40%
.
Co
.
(ERI & Sons common._i_l
preferred
■->
No par
Standard Brands, Inc._No par
$6
56%
104%
12%
12%
106
No par
5
$4
400
*97
95%
95%
95
106
563/4
*104
104%
*12%
111%
293/a
102
1
2
Squibb
111%
111
——1,
Highest
$ per share
Sep
64% Oct
77
May 17
May 19
May 19
Apr 28
Apr 23
16% May 19
8
May 19
71% May 20
13% May 19
>32
M.ay 12
109% Jan 16
261/2 Jun 3
98
Jun 11
17% May 16
.
share
33
2
80
74 Va Jun
No par
—
$ per
Sper share
50% Jan
15
4'/a
6
891/4
43
^No par
Nq par
preferred
$4.50
Square
900
-
98
73
27%
26%
2,100
34
28%
40%
73%
*104
15 Va
98 Va
27%
40'/a
73%
77 Va
143/4
29%
96
Spiegel Inc
Conv
100
(Thej
Sperry Corp
34
98
112
100
Inc.—*1
Spencer Kellogg & Sons.,
*76%
78
34
&
& Bros
Sparks Withington
Spear & Co—
$5.50
preferred —
34
Xl5
28%
*111
Mobile
Spalding (A G)
Lowest
v
28
May 19
57% May 19
No par
preferred
Ohio stk tr ctfs
non-cum
130
99
56 Va
56%
40 %
17,000
28%
111%
101%
101%
56%
11%
140
*92
94
101
11 Va
4,800
20%
21%
*91
18
s
28
99%
20%
15%
33
17%
1.400
52%
99
28%
*99
15
33
50
5%
Year 1946
Highest
Lowest,
$ per share
Par
Railway
Southern
/
.
>
15%
78
78
.78
*
14%
34
111
112
28%
78
14%
*33
35
51%
11%
11%
,
89
18 %
17%
78
8%
*76
523/4
52%
52
51%
51%
5
81/2
89
*76
89
*76
5%
5
*7%
8%
8%
8
89
I8V4
5
4%
4%
*76
14 Va
:
34%
613/4
8
78
.
32%
62V4
*4%
10
*33
CLOSED
34
61 Va
17%
17%
STOCK
33%
60
51%
51%
EXCHANGE
34%
59%
17%
8
89
*76
31%
60
•
EXCHANGE
Shares
share
t per
share
31
*75
18
4»/a
4%
J per
„
30%
*58 %
*7'/b
June 12
Range Since January 1
STOCK
YORK
NEW
Sales for
the Week
58%
31
•IV/*
S per share
t per share
J per share
Friday
June 13
Thursday
—100
—10
No par
No par
No par
——20
—100
5
——100
10
26% Jan 15
4 % May 16
55 % Jun 10
2% May 19
49 Vb Jun 13
,6% May 28-
13
Jun
9
49
Sep
80
12
Nov
233/8
17
Jun 13
Mar 31
23
Jan
39
May
88
Sep
125
Apr
115%
Jan
34% Feb
105
111
Jun
105% Jun
11
106
Feb
111
Jun
6
96
Dec
107%
22% Jan
7
20%
NOV
115
104
May
7
25
58 V2 Feb
153/4 Jan
29
Apr
Oct
Jun
May
137
Feb
10
110
Oct
168%
111
Feb
26
102%
Oct
120 % Mar
383/4 Feb
10
21% Apr
5
109
Mar 27
28% Apr
2
120% Apr
Feb
42 %
Jan
16% Nov
31%
Jan
!
Jan
!
Jan
J
Dec
101
19% Nov
119
54%
1
3
21
Jun
l-i
31% May 16
Feb
8
8% Feb
8
10
32
83
Jan
4 '/a Jab
31
53% Mar 27
10% Feb
10
May
23%
Oct
40
6%
Oct
17%
Apr
Dec
89
Sep
78
3%
Oct
7 Va
Jan
Oct
56% July
Dec
16% Aug
71% Mar
105% Aug
44.
8 3/a
781/2 May 22
95
Jan
2
Feb
13
12 3/4
Nov
Feb
16
21%
11% May 20
2
Dec
56
Jan
43% Jan
34%
Jan
2
41
33
May 17
44% Jan 14
20 % Jun
9
121/2 May 17
105%
12
- 15%
102
123/4
86
188
Apr
Jan
May
May
May
May
Jan
16
16
19
28
19
19
23
16
May 17
80%Jun
3
51
6
17
110% Apr 12
24% Jan
19V4
19 %
Feb
Feb 21
13
Jan 28
21 Va Feb
106
18 V4
Feb
1073/4 Feb
33% Jan
94
Feb
Va Oct
Apr
Aug
Jan
30%
Oct
Oct
Oct
03/e
Sep
15% July
15%
Oct
32 Va May
Nov
101
13
11
15
22
110
12%
18%
93
6
53% Aug
104%
3
196% Mar 29
,
Sep
32
„
187%
Nov
109% July
29%
Sep
132
Deo
X205
Feb
May
Sep
26
Feb
47%
Apr
qn
Sep
9RV»
Aug
Volume-165
THE'COMMERCIAL. & FINANCIAL CHRONICLE
Number 4603
Saturday
June 10
June 9
June 7
$ per
44 Va
1944
*100%
10144,
41
41%
EXCHANGE
CLOSED
1944
10
*9%
10
38
38
♦52%
53%
28%
*52%
2844
28%
*100%' 10144
101%
101%
544
544
8%
8%
8%
105 Va
7%
544
8%
8%
*
•105(
7%
7%
744
46
1744
*15
4%
-
82
*42 44
*15
2044
82
*14
15
153/a
*80
15
15
15%
15'%
*32
15%
*32
33
15
14%
92
33%
♦81
*80
*83
95
♦85
40%
104 %
53/4
75
75%
*119%
76
Corp
' Preferred
.,
100.
T
—1
2d pfd_5
non-c
—1
100
preferred
100
Vanadium Corp of Am
Norman Co—
Van Raalte
Co
-1
:
No par
—2.50
Van
Inc———,
—10
15%
2,100
Vertientes-Camaguey Sugar Co_6%
34
1,300
Vick
92
5%
90
*83
433/4
110
&
cum
100
preferred
Chemical
3 % ft
2.50
,
Pao Ry
non-cum
Victor
1,600
1041/a
104
Chemical Oo
Vicks Shreve
6%
*75
773A
95
*85
95
38
38
*373/4
39
35%
*343/4
353/a
35
32%
32%
32%
32%
28
8
*141
150
*141
38
34%
*373/4
35
351/4
164
*155%
32%
323A
148
*141
300
148
155 J/a
164
*155y8
Feb
13
8
Jan
13
12% Feb
159
103/4 Jan
Jan
May 17
22
4% May 20
791% May 17
99
4
84%
Feb
Feb
89
97% Feb
166
Feb
9%
Jan
20%
Apr
7
41
7
Sep
Sep
18% Dec
8
Deo
2
91
Nov
Mar
7
187
May
25
Nov
77% Deo
Jun
Jan
128
11% July
64
July
27% Feb
22
Apr
110%
Jan
200% Apr
49% Jan
101
Apr
13% May
14% May
"30% May
12 J/4 May
313/4 May
87
May
17
21
22
17% Nor
39
18% Feb
15
15% Oct
253/4 Apr
17
41
Feb
13
35
58 */a
Apr
19
20% Jan
2
15% Sep
14
19
39
Feb
6
30
26%
51%
Jun
Apr
May
94
13
Jan
94
5% May 19
May 19
€9
Jan
13
49
Jan 20
Jan
7
104% May 14
9% Mar
45
333/4. May 21
40
100
100
57
Nov
Oct
83% Oct.
91% Nov
36% Sep
Deo
IOO
6
913/4 Jan 28
36% May 17
Mar
7
94% Feb 20
35% May 19
101
Feb
86
.;
Feb
29% Jan
Jan
192
Apr
55%
29% Feb
3
91% Feb 13
May 20
-191/4 May 21
79
May 16
Oct
~
80
187
Nov
11% Feb 10
165
Apr
39% Dec
4% Sep
7% Oct
17
Feb
84
106
47
30
Feb
52
*44
20% Nov
100% Nov
xll8
Preferred
Deo
1
21
47
{
142
108 % Mar 31
Jan 27
7% May 20
t
Sep
65y« Oct
19
7% Apr
Virginian Ry Co-—-———25
6% preferred
—25
Visking Corp (The) class A
5
Vulcan Detinning Co*.
..100
2,400
38%
*141
164
23
Jan
102
40% Oct
48% Feb 21
5
t
Nov
X72
Mar 27
6% div partic prefered—
100
Va El & Pow $5 pref_——.——100
900
323/4
*
150
*155%
.
Va Iron Goal & Coke 5% pfd.—100
343/4
c
150
May 19
19% Apr 29
44% May 1
No par
„„
144
Feb
140
Sep
48 % Nov
11
Feb 27
5
_100
11
Feb
51
__100
Works™
preferred
Va-Carolina Chemical
95
*85
*32%
32%
164
130
95
353/8.
32 %
150
400
1191/4
6%
38
37%
35%
*141
1,400
79%
1191/4
11'9%
*85
37%
*155%
63/4
*76%
6%
80
,
"119 J/4
120
165
Sep
36% Dec
100
79% Feb
No par
Pictures Co Inc
100
60% Feb
12
16
Inc
preferred
800
'
Jun
59
5
81
25
-
5
13% Jan
2
103 % Mar
38%May 17
No par
preferred
Stockyards Corp—
.
68
May 19
€1% May 19
common—No par
non-cum
Universal
600
16
15%
X43%
105
143
50
.
Steel
4% ft
33
90
42%
6%
'
773/4
120
*85
95
f
*104%
non-cum
S
40% Jun
10
-
119% 120
121
*85
6
5%
5%
53/4
*73
*
19
8%
81
433/4.
*83
'
95
42
1'05
Feb
Jan
151/4
92
41%
73
39
34
34%
*81
*104y8
4i
104%
*104ya
-49% May 24
23 Va May 19
100% Apr
9
*81
*33
92
*83
90
41
40 %
104 Vo
25% Aug
11% July
60% May
Universal
2,800
*32
153/4
15%
153/a
34%
*
22
153/a
15%
32%
Dec
Nov
Universal (Laboratories
Leaf Tob
320
170
15%
15%
155/a
32%
9
Universal-Cyclops Steel Corp
1,000
40
*80
153/8
—i
i'
.
May
137/a Jan
Jan
35
$6 conv K*eferred
—No par
United Wall Paper Inc—
_2
4 ft cum conv pfd—-j.*—,—50
3,400
4%
62
5
United Sto*** $4.20
300
84%
21%
82
15%
18
.
170
21%
15
•
41/4
170
33
34
*17
.
Sep
Sep
10
tJ S Tobacco Co
4,300
"7'/8*
45%
7% '
84
82
*81
92
'
-
'21%
'
34%
*81
-
*42%
4i/2
2144
15
14%
333/8
15
*33%
-
-
-
84
170
170
*32
33
18
4%
*83 J/4
21
*14%
*14
16 J/2
4%
83 %.
21
*80
*
17%-
-
82
*80
7%
45%
4%
170
20%
2044
7%
*42 J/4
45
6%
25
10
Apr
44% Feb
7%
109%
*106
8
35
I per share
l'6i/4 Jan 22
United
400
53/4,
9%-
9%
109%
83 %
'170
*166
170
*16
4%
84
84
*106
'
,
2,200
2oy8
*53/a
.
9%
7%
7 3/8
*42%
-
17%
4%
444
8444
*166
46
9
106
;106
5%
1,000
47
*45
47
*53/a
"8%
2oy8
20%
20%
5%
142%
143
81% Feb
3
37 Va Nov
9% Jan
7
35 - May 19
:
—
Preferred
U
28,300
673/4.
142%
13
-1
10
—20
_
let preferred
.100
U S Smelting Ref Ss Min—50
,700
72%,
53% Feb
5% May 19
Highest
t per share
Apr
<3
223/8 Apr 10
.8%
4,000
44%
,
66
67%.
*45
47
5%
105 %
.544
*4244
20 44
*45
47
423/4
*693/4
*142
142%
20
19 44
*45
300
42%
<$ p$r Sharp
13
25% Jan
—No par
D S Rubber Co
11,40b
69%
66%
67%
142
141%
1944
19%
6844 " 683/4
65 Va
43
144
42
L
6544
145
69%
42%
41%
•
42
*142
'42%
42
143
Jan
Lowest
Card Co—-—
10
Plywood Corp__L_—
.
L.
3%% oum pfd series A-J-—100
-
4234
x41
,_JVo par
A—
V S
2,500
27%
28 * r
*100% 101%
Leather Co
No par
Year 1946
Highest
J per share
■
tJ S Playing
100
53
*52
53%
"
147%
41%
41
68%
141%
;
*145
146%
64
47
105
27
S
V B Lines Co
2,40b
,
Industrial Chemicals-
4%'ft preferred
"U S. Pipe & Foundry
100
39
40%
68%
142%
*45
*93/4
38
S
Partlc & conv cl
11,200
20%
,
10
38%
*106% 10144
40%
41%
6544
141%
'2Q*
\
*9%
26%
6844
6444
<20%;: 20% " :
"D
900
37%
5344
,40
'
20
1,500
10
*145
148
40
€844
19%
.
33
333/8
37
2644
'2644
*14444
19%
6
33
5%
63/8
63/a
U
10
*5144
51
2644
33
.
Lowest
Par
1,100
37
:
10
3744
51
33
*644
.
33
1944
19%
*9%
•*37
45%
Range for Previous
Range Sine* January 1
EXCHANGE
.
Shares
47%
46'/a
45%
45%
6%
1
NEW YORK STOCK
Sales for
the Week
I per share
$ per share
32%
644
6
June 12
.
# per share
44%
45
33
33
>
Friday
June 13
Thursday
June 11
{-
share
*44
€44
€44
*32
STOCK*
f per
share'*
44%
$ per share
STOCKS
LOW and high sale prices
Tuesday
Wednesday
Monday
(3187)
5%
Deo
63% Sep
117% Deo
5
121
Feb
5
May 19
97
Feb
24
80
Feb
21
40
Jan
17
37
Sep
32% Nov
32% Jun
Feb
17
«
Jan
Dec
Feb
113
115
53
Feb
•
May
108% Aug
12% Jan
99"% July
123% Apr
105
Apr
53
July
45 % Jan
4
38
128
Apr 18
152
May 15
130
Oct
170
Mar
148
Jan
175
Mar 21
145
Deo
178
May
56
86
Feb
6
52
Apr
W
♦58
60
*31%
31'/a
31%
106%
20 J/a
*105
*581/4
153/4
*15
15%
300
■JO
311/4
311/4
600
105
20
*105
105
•
19%
313/s
313/8
21
9
8%
8%
8%
123/a
123/8
121/a
102%
102%
15'A
15
*22
24%
353%
23%
23%
*23
*19
355/b
155/s
19%
20 Va
21%
21S/8
22%
313/4
263/4
*111
85
27%
v 112%
7%
<
41
*111
•
116
108
108
115
115
115
114%
1153/4
115
39
39%
110% 110%
1101/2
111
110%
.
111
115
X40 %
40
"60
120
115%.
140
112
'
112
♦111
--
Monday
tper share
Wednesday
June 10
fper share
• per share
0
6
42%
*53/8
43%
♦4'5/B
—
the Week
June 13
I per
5
63/a
6 3/4
453/i
461/2
46%
47%
5%
4%
51/4
900
-121/4
10
12
12
12
12
12%
29
*27
29
28
30
30
30
*28%
30
72%
*72%
74%
74
74
75
75
*73
75
19%!
193/a
201/8
20%
21%
21
213%
11%
*11%
12%
30%
293/4
303/s
26%
26%
100
100
EXCHANGE
105%
105 3/4
CLOSED
*35%
36%
STOCK
27%
27
263/s
»
27%
27%
v
31
30 '/2
28%
27%
28'i/a
30%
31
36
100%
100 Va
101
1053/4
1053/4
105 3/s
*27%.
100
100%
67
67
*63%
*99%
101
34%
94
■
1053/a
373/4
37
37
36%
100
10,900
30%
5,000
28 J/a
27
1,200
38%
38
1051/4
39%
27%
273/4
100%
100%
27%
28
100%
101
*63%
67
*63%
100
*993/4
101
*993/4
101
343/8
36
35%
36
361/4
37
94
94%
'94%
96
96
96
31
*29
99%
100
33%
34%
943/4
843/4
30
*28%
30%
27%
'
"*
*28%
30%
21%
21
21
213/4
22%
22%
22%
-221/4
10 3/8
1034
103/4
11
10%
11%
11 "
*83
91
91
*293/4
31%
31%
270
63/4
63/4
9%
12%
97%
17%
83/4
91/4
121/4
12%
*293/4
31%
63/a
63^
6%
8%
8%
8%
9
11%
12
*
113/8
963/4
97%
963/4
12
ll7/s
96%
160
50.
50
*16 3/4
17
*135%
17%
*17
*135%
160
*963/4
.
•
49.%
*48
-
.17
-
*135%
50;
48%
2,500
2,100
31%
6%
31%
6%
8%
8%
*293/4
6%
*6
12%
97%
17%
160
50%
-
6%
"
83/4
121/4
.*961/2
*163/4
*135% 160
X51
*17
"
48%
503/4
17%
48%
51%
*135%
"
*I
i
•48%
:
483/4
48%
49
83%
83%
83
83
84
84 "
8*
84
85%
85%
85%
85%
66%
86
86
'
67
*
67
♦62
64
63
63
63%
8%
*63
64%
65
65
65
8%
9
.
8%
9%
32% Nov
119% May
53% Juh
Jan 27
111% Sep
116% Apr
110
Feb
3
48
Apr
90
Feb
45
113
Feb
52
*65%
65
>
52
■
•65
'
9 3/b
800
190
■*
66
■!-.
34%
.34%
9%
900
6,700
240
20
600
"
9%
Range Since Jannary 1
Lowest
—1
Go
—10
...100
-2nd preferred
100
non-cum
Corp
cum pfd Series A3.80ft cum pfd series B:
Weston Elec Instrument—
Westvaeo Chlorine Prod—
12%
100
.100
12.50
—l_No par
...
93/B
1,500;
$ per share
I per share
93
~Nopar
White Sewing Mac& Corp.
conv
—1
No per
hi—20
preferf$i—
Prior preferred**
18% Feb
—1.10
Worthington P & U (Del)—-No
series—:
ear
100
42% Feb 18
Mar 29
Jan
71
Oct
18%
Oct
35
Jan
90% May
13%
Jan
323/4 Jan
56% dun
101
53%
Apr
Jan
23% Feb
1
Jan
31
11% Oct
32% Jan
35% Feb
13
26%
28% Feb
13
101%Jun
12
21% Nov
91
Deo
41% Jun
39% Jan
14
106
Mar
Oct
95
Dec
6
39
May 14
98% Mar 17
28
May 28
101
Feb
98
Nov
62% Mar 27
67
Apr
9
63
Aug
72
Jan
103
Feb
13
IOO
Oct
106
Jan
26
May 2
May 19
10
44% Feb
7
101% Mar 31
May
29% Feb
8
9% May 19
84% May-17
173/4 Feb
' 1
36% Nov
90% Nov
27% Feb
213/4 Nov
Hi/4 Nov
Feb
3
81% Sep
29y4 May 13
34
Feb 13
7% Feb
6
30
13% Feb 11
9
86
Maf 17
34
26% May 19
19% May 19
67/8
6ft pfd—lOO
Woodward Iron Co^——
..10
Woolworth (F W) Co.
—J.10
7% Dec
Jan 24
5%
Wilson-Jones Co—
2
11
5% Sep
14
Sep
27
Sep
Highest
# per share
55
Willys-Overland Motors
—1
Wilson A Co Inc.-.--.,—No pat
$4.25 preferred
$0 par
Prior pfd 4%ft
43% July
89% Aug
Apr
119
Aug
122% Feb
45
6
353/4 Jun
Wilcox Oil Co.
——
Jan
57
3
■90
11
102% Jan 27
6
7% Feb
May 19
11% Jan 18
27% May 19
22% May 19
31
Corp..:
prior pref
Jun
4
75% Jan
9% May 17
74
$ per share
10 Va Jan
53/4 May 19
38% May 19
4
May 18
99
conv
29% Sep
47% Jan
16% Apr
Year 1946
Lowest
Highest
17
Wisconsin El Pow Co
48%
63%
8%
•
100
400 :
<
83%
*64
:
(
300
.
51
48%
48%
84%
66%
■
•
*83
*83
24
No par
White Dental Mfg (The S 8)
20
White Motor Co——,
1-
160
*50%
51
"
97%
*97
*48
85
32% May 19
Western Union Teleg class A_No par
Class B
No par
Westinghouse Air Brake—Nopar
$5
2,400
12,800
6,200
48%
50%
47%
117% Aug
No par
100
Feb
34% Jan
27% May 17
$4
'
473/4
48%
Sep
113% Oct
21% May 19
110% Jan
3
Wheeling! Steel
91
*83
31%
*293/4
*83
91
*83
Jan
106
13
41
123/4 Jan
May 17
37% Jan 16
83% May 22
preferred
__No par
Wheeling & Lake Erie Ry——,100
5%ft conv preferred
_10Q
2,800
11%
91
115
14
$3.75
iio
22%
10%
Supply
New. ^common
140
*
*10%
*293/8
Dec
343/4 Feb
Sep
35 % Mar
14
3%ft
10
"
Auto
Westinghouse Electric
;
31
99%
*83
:
1,900
67
*63%
263/4 Feb 18
Jan
39
115% Feb
»—
700
67
101
67
94
21
;
490
1051/4
101
27%
27%
100%
35
*28%
4ft
42,400
102
*101
1011/4
1051%
105%
8
50
20
22
23% Feb
0
Western PacUid RR Co eomJNo pat
Preferred, series A—
100
700
200
'
211/4
21
Western
,100
100%
*100
Jan
27
Nov
18% Jan
25% Deo
39% Jan 30
13
113% Mar 14
Westerji Maryland Ry—
700
12%
12
*273,4
30%
22
100
Par
4,300
51/8
*10%
30
31
117% Mar 11
Western Air Lines Inc.
1,500
63/8
443/4
51/8
*72%
.193/8
11%
Jan
Sep
16% Oct
7
28
Range for Previous
Shares
share
*6
6%
6
433/a
5
*
$ per share
f per share
43
*45/8
Jan
18% Feb
14
112% Jan
NEW YORK STOCK
EXCHANGE
Sales for
(Friday
June 12
6
42
5
Thursday
June 11
Tuesday
June 9
June 7
31
29
STOCKS
LOW AND HIGH SALE PRICES
Saturday
f
100
121% Jan
100
—.100
4%ft pfd
West Va Pulp & Pap Go—
4%% preferred
100
xll% Mar
113% May 14
May 6
7ft
1,300
9% Oct
19% Feb
105
West Penh Power
40%
13% Feb
29% Oct
20% Jun
183/4 July
107% Feb
233/4 Aug
20% Oct
31
Sep
9% Sep
31% Sep
85% Sep
29
Sep
108
Sep
No par
preferred
6ift preferred
,
Mar
106 % Mar
20% Apr 29
30% May 23
5
preferred
No par
Corp——1
Efeotric class A No par
116%
41
*111
West Penn
113%
108
'
111
27
——5
,1
-
Indies Sugar
108
*115%
115% 115%
108
38%
$4 conv
West
*40
116
108
38%
190
Apr
Apr
23% Nov
Jan
54
21
May
May
133/4 Apr
21
May
23% Jun
Deo
33%
105
99
_5
Wesson Oil & Snowdrift.—
1,200
6,700
Sep
15% Oct
24% Jan
22% Apr 28
17% May 20
Co—
Webster
*414%
116
108
«■
41%
26
Motor
Wayne Knitting MLUs
Wayne Pump Co
Tobacco Inc——
500
1,000
,
65%
♦111
113%
116
108
400
-
,
7%
84%
26%
113%
32
41%
85%
'
21%
'
25 %
41 %
85
26
108
38%
X21 %
7
25%
'*111
112%
'
32
*1061%
115
Waukesha
7%
*115%
*1151/2
400
22%
85'
85
x25%
27
*111
20%
107
11
11
__5
No par
5
No paf
36% Feb
X17% May 14
77/8 May 19
—1
100
Washington Gas Lt Co,
31%
*7
-
(411/8
X41
41%
26 a/4
7'
7
85
<
400
22%
313/4
*41%
i;500
23%
31%
22 %
31
42
363/a
20%
20%
*193/4
20%
31
86
No par
'
21%
42
100
Warren Fdy & Pipe
Warrtn Petroleum Corp.
36
233/a
17% Jan 25
29% Apr 30
103% Mar 17
No par
*231/4
36%
31%
*85
21,300
153/4
75% Feb 18
13% Apr 21
No par
Ward Baking Co common
5% ft preferred
Warner Bros Pictures
130
,
25
233/a
31%
7
*6%
.'153/8
*23
36
*211/4
7
-
153/4
233/a
*23%
101
•
25
15%
*23%
36
353/4
%
23
12%
123/8
101
,
4,400
1,400
10
93/4
93/4
102
Apr 16
No par
—
2,800
21
207/a
preferred
Walgreen Co
4ft preferred
Walker (Hiram) G & W
Walworth Co—
30
106%
*105
1
13
xl2%
X102
24%
153/a
*23
353/8
19%
19%
93/4
8%
15%
24%
353%
15
*22j/2
95/o
121/a
103% IO31/2
123/a
1033/4
311/4
'•
.
106 Va
'
2G5/a
20%
~
121/4
*103
Wabash RR 4% ft
Waldorf System
60
*15
106 J/a
19%
.
60
151%
151/2
19%
*58%
15%
*58
60
151/4
*105 "
60
151/4
31%
*58
15 %
90
May 17
May 17
Feb
7
99
160
Feb
43
May 19
48% May 19
'63
Jun 11
'53
Feb
1
68% Feb 13
943/b Feb 13
100
Feb 20
63
Jun
11
Wrigley (Wm) Jr (Del)—No par
Wyandotte* Worsted; Co
.—5
63% May 19
8
May 17
'70% Mar
May 21
10% May-19
45
.1
.„No par
41
May 19
'14% Mayl9
80
Feb
18% Feb
May
Jan
Jan
52
34
9
21
Mar
142
Mar 27
Jun
36
101
19% Mar 18
84
Jan
233/a July
July
12% Sep
95% Sep
15% Oct
Jan 28
Prior pfd 4 % ft eonv. series—.100
Wright Aeronautical—.
.No par
44
12%
145% May 19
60
105
26%
3
Jad
62% May
107% July
44
May
Nov
145% May 19
43
Jan B
17
167% Jan
53/4 Oct
15% Jan 30
10s/8 May 19
96 V* Apr 29
Nov
63% Jun
,
43% Sep
Sep
84% Sep
47
July
July
213% Feb
Jun
May
62% May
74
Aug
100
Apr
103
May
6
87% Sep
75% Dec
59% Oct
10
13% Deo
82% Apr
25% Jun
Oct
13% Nov
61% July
27% Jan
8
106
Feb
!h:- I,..'
-
1
H.!
i:'
l,
.
*
•
•'
.
34%
■
36
35
16 Va
16%
17
17%
57
>
573/a
563/4
58
15%
15%
16%
16%
6,
.
'
44
*16
•)
11%
44%
15%
i.
34%
16%
t-i'-'.u
i ■
6%
11%
/;
*44
;;
("
(I
-
•Bid nnd asked prices:
y-Ex-rights.
no sales
35
11%
6
35
11%
'
xll%
123%
12 Va
44
X45
45 %
*45%
17%
603%
/17%
58%
15%.
15%
16%(
;i€%
16%
16%
17
6
6%
'
6%
59%
16%,
.6
this-day.
tNamb phanged" from
x-Ex-dlvidends
on
.
12%
46%
'45%
18.
35
35
12%.
-
t
900
-
12%
451/2
17%. i .17%
60 3/4
593/4
17
17
17
6%
16%
16%
6%
6%
„
.
61%
17...
.
6,000
400
2,600
8,700
:
.
.
United-RexalT-Drug Inc.
3,000
1,500
6,100
Vale tg Tdwne Mfg Co-
.28
York
Corp
4%% cum preferred
Young Spring & Wire_
Youngstown Sheet & Tube—No par
Youngstown Steel Door-—-No par
Eemth
Zonite
tin receivership,
Radio
Corp^-.
^-Nopar
Products Corp.
1
a Deferred
_
delivery.
.
..
34
33
Jan
163/4 Feb 11
-50Vb Mar 31
Feb
7
15% Oct
35% Jan
633/4 May 17
72% Feb
18
May 17
21% Feb 21
57% Sep
Nov
837/aMay
13
15
31
14% May 10
23% Feb 10
10% Jan 31
19% Deo
9
Sep
42% Jan
5% Jun
nNew stock.
5
rCash sale,
23
b
Special sales.
14%
Jan
Apr
wdWhen distributed.
27
28
THE COMMERCIAL & FINANCIAL CHRONICLE
(3188)
Transactions at the New York Curb Exchange
Stock Exchange
Transactions at the New York
Daily, Weekly and Yearly
Daily, Weekly and Yearly
Stocks,
Number
Week Ended June 13,
Saturday
Bond
Bonds
Sales
Bonds
$1,979,000.
2,363,000
3,814,000
3,232,500
2,935,000
654,140
———
Wednesday
Thursday
1^40,720
•
964,110
Friday
138,000
$43,000
2,544,000
1,000
4,039,000
354,500
1,500
3,588.500
215,000
51,000
3,201,000
$1,145,500
Week Ended June 13
Government
Domestic
Saturday Closing
$553,000
207,730
$18,000
$2,000
406.000
397,000
67,000
.1,000
465,000
352,660
398,000
45,000
3,000
446,000
410,355
380,000
45,000
16,000
441,000
1,611,725
Total.
386,000
451.220
$2,114,000
$175,000
$22,000
$2,311,000
Week Ended June 13
1946
1947
115,656,566
5,191,872
4,560,400
Stocks—No. or shares
Stocks—No. or shares
$44,000
$96,500
1,611,725
1946
36,758,812
2,336,075
$2,114,000
Bonds
$1,409,000
83,017,840
34,291,500
"40,231,300
Domestic
438,920,100
624,487,200
Foreign government
$38,930,000
99,000
2,934,000
6,582,000
22,000
$17,225,200
1,412,000
23,814,700
$31,389,000
175,000
$1,330,500
1,145,500
14,323,500
U. S. Government
Railroad 8s
Jan. 1, to June 13
1947
1946
183,877,433
Bonds
Total
Corporate
$553,000
188,760
Jan. 1, to June 13
1947
1946
1947
$15,565,500
$96,500
Shares)
Saturday
Monday
Tuesday
Wednesday
Thursday
Friday.
$2,193,000
Foreign
Foreign
of
224,000
$14,323,500
4,560,400
Tota]
Bonds (Par Value)
(Number
Week Ended June 13,1947
—~^ Saturday Closing
$214,000
-
Monday
Tuesday
Stocks
Total
Government
Foreign
Bonds
Shares
1947
United States
Railroad
of and Miscel.
Monday, June 16, 1947
18,000
240,000
287,000
$1,526,000
$34,563,000
$45,799,000
•'
'
Industrial
Foreign corporate
$15,565,500 ''
$25,270,700
$681,943,700
$474,542,100
■
Total
$2,311,000
,
Stock and Bond Averages
Below
listed
on
the
daily closing averages of representative
the New York Stock Exchange as compiled by Dow,
are
Bonds
Stocks
10
10
30
20
Indus-
Rail-
Date—
trials
Grade
10
Utili-
Total
Grade
trials
Stocks
ties
June
Rails
Rails
ties
Bonds
10
June
33.20
59.68
104.15
109.06
87.83
107.84
102.22
43.42
33.50
60.07
104.23
108.91
87.68
107.76
102.15
44.71
34.04
61.42
104.29
108.97
87.96
173.78
44.81
34.05
61.27
104.23
108.93
88.18
107.80
107.79
102.29
175.49
13
43.25
171.10
45.41
34.18
61.87
104.22
109.18
88.35
107.77
102.38
12
June
169.88
11
June
40
Closed
174.68
9
June
Second
Indus-
65
Closed
7
June
Util-
First
10
Total
15
roads
stocks and bonds
Jones & Co.
'
Bond Record
102.26
New York Stock Exchange
co>
FRIDAY
WEEKLY
-
-
YEARLY
interest"—except for income and defaulted bonds.
Cash and deterred delivery sales are disregarded in the week's range, unless they are the only transactions
the week, and when outside of the regular weekly range sre shown in a footnote in the week in which they occur.
No account is taken of such sales in computing the range for the year.
'Interest Period" indicate in ixanii /»ocn ;'4hfli mnnfh wrVnarv +ba bonds mohirn
each case the month when the
TllC itdllC letters in the COllI^nn heftded
'PoHnrP*
™ r? o mature.
i'v.L'1'1
* •'
t"
.1
NOTICE—Prices
are
or
"and
Figures after decimal point represent one or more 32d of
a
;
* 1
point.
mt
LOW AND HIGH SALE PRICES
High
Low
High
Low
101.8
*101.6
Thursday
Wednesday
Low
High
*101.6
101,8
Friday
June 12
June 11
June 10
June 9
June 7
Low
Tuesday
Monday
Saturday
Low
High
101.8
101.8
*101.6
Low
*101.4
the Week
High
NEW YORK
Bonds ($)
101.6
*105.11
105.13
*105.11
105.13
*105.11
105.13
*105.11
105.13
Treasury
*103.1
108.3
*108.1
108.3
*108
108.2
*108
108.2
*103
108.2
Treasury
111.25
*111.22
111.24
*111.22
111.24
*111.22
111.24
*111.21
111.23
Treasury
*101.15
101.17
*101.15
101.17
*101.15
101.17
*101.15
101.17
*101.14
101.16
*106.20
106.22
*106.20
106.22
*106.19
106.21
*106.19
106.11
*106.19
106.21
*112.9
112.11
*112.10 112.10
*112.9
112.11
*112.9
112.11
*112.8
112.10
i
•
•
•
•
105.13
EXCHANGE
CLOSED
—
27/8s
Treasury 2%s
Treasury 2%s
Treasury 2%s
••
___
113.10
*113.8
113.10
*113.8
113.10
*113.7
113.9
*113.6
113.8
*114.8
114.10
*114.8
114.10
*114.8
114.10
*114.7
114.9
*114.6
114.8
*102.3
102.5
*102.3
102.5
*102.3
102.5
*102.3
102.5
*102.2
103.28
*103.26
103.28
*103.26
103.28
*103.26
103.28
*103.26
103.28
104.28
*104.25
104.25
*104.25
104.27
*104.25
104.27
105.3
*105
105.2
*105
105.2
*105
Treasury
105.2
*104.26
104.28
*105.1
105.3
*105.1
*106.30
107
*106.29
106.31
*106.29
106.31
*106.28
106.30
*106.28
105.6
*105.3
105.5
*105.3
105.5
*105.2
105.4
*105
105.2
*104.21
104.23
*104.20
104.22
*104.20
104.22
104.21
*104.17
104.9
104.6
*104.6
104.8
104.7 '
*104.4
Treasury 2'/2s
104.6
104.6
*104.5
104.7
*104.4
*104.4
104.6
*104.3
*104,2
104.4
*104.1
*102.31
103.1
*102.31
*105.18
105.20
*102.31
103.1
*105.18
103
104.6
104.19
*104.5
*104.4
104.3
104.6
*104.3
104.5
*104.2
*104.3
104.5
104.5
*104.2
104.4
*104.1
*104.1
*102.31
103.1
105.20
105.17
103
*102.31
104.3
103.1
*104
104.2
*102.30
105,17
*105.17
103.1
al03.1
103
105.19
*105.16
al03.1
102.31
104.4
_
103
___
25,000
105.18
102.31 !
105.9
*105.7
105.9
*105.6
105.8
*105.6
105.8
*105.6
105.8
Treasury 2V2s
Treasury 2V1S
___
104.3
*104.1
104.3
*104
104.2
*104
104.2
*104
104.2
•_
*107.2
107.4
*107.3
107.5
*107.3
107.5
*107.2
107.4
*107.2
107.4
*105.7
105.9
*105.6
105.8
*105.6
105.8
*105.5
105.7
*105.5
105.7
*102.15
___
102.17
*102.15
102.17
*102.15
102.17
*102.14
102.16
*102.13
102.15
102.17
*102.15
102.17
*102.15
102.17
*102.14
102.16
*102.13
102.15
100.22
j
*100.20
*100.20
100.22
*100.20
100.22
*100.20
100.22
*100.19
100.21
j
100.27
*100.25
100.27
*100.25
100".27
*100.25
100.27
*100.24
101.25
*101.23
101.25
*101.23
101.25
*101.23
101.25
*101.23
*101.25
101.27
*101.24 101.26
*101.24
101.26
*101.24
101.26
*101.24
June 1959-1962
Dec. 1959-1962
-___1947
March 1948-1950
Dec. 1948-1950
Treasury
___
101.26
*101.28
___
2s
Treasury
101.25
I
1956-1959
Treasury 2J/4s
Treasury 2 y4S
___
,
2s
Treasury 2s
___
Treasury 2s
101.30
*101.28
101.30
*101.28
10.1.30
*101.28
101.30
*101.28
101.30
Treasury 2s
*102
102.2*
*102
102.2
*102
102.2
*101.31
102.1
*101.31
102.1
Treasury 2s
*102.4
102.6
*102,3
102.5
*102.3
102.5
*102.3
102.5
*102.3
102.5
Treasury 2s
*102.11
102.13
*102.11
102.13
*102.11
102.11
*102.11
102.13
*102.11
102.13
Treasury 2s
*102.21
102.23
*102.22
102.24
*102.21
102.23
*102.21
102.23
*1,02.20 102.22
Treasury
*102.26
102.28
*102.26
102.28
*102.26
102.28
*102.26
102.28
*102.25
102.27
*102.29
102.31
*102.29
102.31
*102.29
102.31
*102.28
102.30
102.28
102.28'
*103
103.2
*103.1
103.3
103.2
*102.31
103.1
*105.3
105.5
*105.3
105.5
*100.25
100.27
*100.25
101.1
*100.31
101.1
*105.4
100.27
*100.31
asked
price.
No
sales
transacted
*100.25
.
.*100.31
this
day.
*102.31
103.1
105.6
*105.3
105.5
*105.3
105.5
100.27
*X0U:25
100.27
*100.24
100.26
101.1
?lQiL31.101.1
*100.31
101.1
a
Odd
lot
transaction.
r
Registered
___
—
bond
2s
Treasury 2s
1,000
___
2s
Treasury
___
'
—
Dec. 1967-1972
».__1951-1953
1952-1955
1954-1956
2V4S
Treasury
100.26
*101.23
Treasury 2V4s
Treasury 2V4s
j
*102.15
.*103 :
4
102.22 Jan
0
106.6
Feb
108.21 Feb
104.14 July
Highest
104.27 May
21
Apr
1
308.21 Feb
4
4-
110.3
Jun
111.18
Feb
Feb
3
112.6
Feb
3
Jan
10
102.6
Feb
4
112.21 Aug
102.11 Dec
115.26
101.28 Apr
102.12
Dec
106.1
312.6
Dec
109.22
Feb
113.12 Aug
115.23
Apr
113.3
Nov
107.5
1
June
Sept.
Dec.
March
1949-1951
1949-1951
1949-1951
1950-1952
Sept. 1950-1952
1951-1953
J.—1951-1955
June 1952-1954
Dec. 1952-1954
—1953-1955
Treasury l%s ——^
1948
Treasury iy2s
—1950
Treasury 2s
Treasury 2s
transaction.
113.3
114.8
May 14
114.8
May 14
Nov
118.15 Mar
118.23
-
106
Feb
-J'
Apr
107.15
Jan
105.29 Aug
' Jun
107.5
Jan
108.4
108.4
Jun
105.22 May
104.12 Feb 21
106
106.16 May
104.12 Feb 21
107.27 Apr
Apr
104.23 Feb
14
104.23 Feb
14
104.7
Nov
107.4
Apr
Jan
2
104.18 Apr
30
103
Jan
107.9
Apr
103.29 Jan
0
104.4
Jan
13
102.22
Jan
Jan
30
104.4
104.2
104.10 May
107.19
Apr
102.11 Jan
107.9
Apr
12
102.11
Jan
107.10
Apr
9
104.7
Jan 29
104.15 Apr
103
Jun
13
103.20 Apr
9
101.16
Jan
106.15
Apr
105.17 Jun
2
105.17 Jun
2
106.28
Apr
109.15
Feb
102.24 Jan
6
103.19 Apr 10
101.15
Jan
106.16 Apr
106.15 Aug
-
Treasury 2J/2s
56,500
*10^.7
1965-1970
1966-1971
June 1967-1972
Sept. 1967-1972
2M2S
2J/2s
Treasury 2 J/2s
1,000
*104.1
2'/2s
Treasury
Treasury
i
;
2>/2s
Treasury
13,000
104.3
*100.25
Dec. 1964-1969
Treasury
___
*103.31,104.1
103
1952-1954
1956-1958
1962-1967
1963-1968
June 1964-1969
Treasury 2V2s
104.19
*104.7
2V2s
Treasury 2,/2s
Treasury 2!/2s
106.30
*105.4
2y2s
Treasury
___
—
.
2%s
2'/2s
Treasury
___
1958-1963
1960-1965
1948
1949-1953
1950-1952
2%S
Treasury
Treasury
—
102.4
*103.26
*104.26
102.13 Feb
•
*113.8
STOCK
1947-1952
1949-1952
1951-1955
1955-1960
1948-1951
1951-1954
1956-1959
3s
*111.23
*105.11
Treasury
___
Lowest
Highest
Lowest
EXCHANGE
Year 1940
Range Since January 1
STOCK
4V4s
3»/sS
*101.6
Range for Previous
GOVERNMENT BONDS
Bales for
June 13
High
106.15 Aug
108.17 Aug
105.17 Feb
7
102.16 Apr
18
Jan
6
105.17 Feb
7
10~8~l7
104.22
107.14 Apr
Sep
100.29 Jan
104.16
Aug
8
__
102.12 Apr
102.6
9
May 27
102.12 Apr
102.6
9
Jan
104.7
Apr
Apr
Apr
102:,
Apr
102.8
Dec
102.8
Dec
103.9
102.24 May 14
102.24 May
101.4
102
102.5
Jan
103.9,.Jan
103.7
Jan
103~22
Feb
May 27
104.3
Mar
102.14 May 19
102.23 Apr
9
102.16
Oct
24
102.30 Apr 24
102.25 Apr
102.20
Oct
103.1
12
Apr 26
103.13 May
103.13 May
13
103.2
Jan
24
102.14 Nov
104.26
102.30 May
6
103.4
Jan 24
102.22 Nov
104.29 Feb
100.30 Apr
9
101.2
Jan
101.14 May
101.31 Mar
Jan
6
101.8
Apr 26
Sep
102.17 Mar
102.23 Apr
102.28 Jun
101.4
29
101.3
104.14
Jan
Feb
THE COMMERCIAL &
Number 4603
165
Volume
YORK
NEW
FOR
RANGE
Last
Period
Stock Exchange
York
New
Sale Price
or
Friday's
Bid & Asked
Low
JUNE
13
New
York
Friday
High
Bonds
Sold
No.
January 1
Low
Interest
Stock
Exchange
10
112% 113
113
114%
110%
ACosta
Cuba
1952
1953
Rica
(Rep
(Republic of)
5s of
1914
loan
Sinking fund 5'/2s
ACzechoslovakia
;
J-D
1953
7s
M-N
1977
of)
4%s
4%s external debt—
J-J
to
6%)
External
Telephone
REctor
120
2-2300
York
Stock
El
Foreign Govt. & Municipal
extl
3s
Agricultural Mtge Bank (Colombia)—
sink
fund
6s
1947
F-A
sink
fund
6s
1948
A-O
*67
f
1968
M-S
99%
99%
79
79
80
18
99%
99%
of)—
extl
French
f
s
-1945
J-J
41%
41%
411/2
13
25%
45
§AExternal
s
f
7s series B
iy4o
J-J
44%
'41
441%
13
25
44%
A7s
part
s
f
7s
series C
1945
J-J
4iy4
41J/4
4iy4
2
26%
431/2
A6s
part
s
f 7s series D
1945
J-J
41 J/4
41J/4
141%
9
24
5
21
__
"I
2
AExternal
f 7s
s
AExternal
sec
AExternal
sec
AAntwerp
1st series
f
s
(City)
7s
2d
1957
series__1957
41
A-0
:
42
411/4
112'/a
115%
113
115%
*.__1958
J-D
98%
9 81/2
98
5s of *25-1955
Australia (Commonw'lth)
External 5s of 1927
J-J
106'/4
M-S
102%
F-A
97i/2
16
93%
27
5
101 y8
102
101% 101%
*101%
101%
A-O
101
A-O
20-year 3'/2s
1966
J-D
15-year 3%s
1962
F-A
98%
External
External
SABrazil
f
s
6y2s
97%
97J/2
f
7s
of)
M-S
1955
6s
S
s
(U
1949
J-J
1955
external
J-D
1941
8s
106
j-d
101
101
(Int reduced to 3.5% )
J-J
1967
J-J
1949
M-S
7s
7s
104
20
35
104
103
105
>12
100
94
98%
103
Iri6h Free State extl
I960
M-N
106%
104 '/3
98%
102
AMedellin
98i/4
101
Mexican
94
97%
99%
103%
107%
106
109
f 6s series A
s
f 5s
s
106%
114%
70
59
Ajugoslavia
63
*56
59
60
73%
45
45
45
65
64
J-D
53
53%
(State Mtge Bk)
1957
A-O
1954
J-D
1943
7s
(Colombia). 61/2S
M-N
A-0
47
47
61
A-O
1979
A-0
—1952
AAss'td
10
61
3% 8 Series No. 3
.
.
60
60
601/4
—
.
:
3%s Series No. 6
*55
68
—
3%s Series No. 7
—_
*__
—
,
76%
33/4S Series No. 8
3%s Series No. 10—
78
_
11
58%
.
*58
3%s Series No. 12
3%s Series No. 13_
sink fund
s
Oslo
83%
83 y2
Ext
57 Ve
58%
62%
67 y«
61
57
60
63
67
61i%
601%
60
62
sec
APernambuco
APeru
(Rep
5
ANat loan
57
1
57%
62
A4%s
1
67%
62
AExternal
57
62%
(City)
Aires
Buenos
A6s
61
57%
62
58%
57%
62
61
61
M-S
101
9y%
F-A
*103% 104
101%
103%
J-D
*102%
101
102%
101
101
External
External
s
s
f
—
M-S
99%
99%
7
99
100%
F-A
99%
99%
12
99%
100%
1976
A-O
99%
99%
23
991/4
99%
106
A-O
100 ya
991/2 100'/a
22
99i/4
105%
F-A
99%
991%
15
99
105%
96%
971%
32
96
100 i/s 100 y#
2
99
105
100
2
100
104
a-o
——
J-D
—
97%
A-O
J-D
M-S
100
100
M-N
1947
99%
12
99% 100'/a
105%
'104
M-S
2008
7s
99
*99
99%
M-S
—
*32
36
102%
101
105%
271/4
36
40
271/4
—
27%
7
36
161/4
14
22
1959
M-S
1st
ser
1960
J-D
18 1/8
17%
18 Va
39
15
21%
2d
f 6s
s
f
s
6s
ser
1961
A-0
18
17%
18
34
15
21%
7s
181/4
•
18%
gold 6s
A-0
1940
f
s
19
A-O
*151/4
18
—1947
7s
A-0
*26
28%
__
assented—
fund
—1968
gold 8s
>
141/8
A-O
J-J
.1950
A4%s assented
1963
J-J
of) 8s
Stamped pursuant to Plan A
1961
J-D
(Int reduced to 2.375%)
AExternal loan 7'/2s
—
—
2001
—
14'/a
~/t
15%
'
29%
14%.
31%
16%
9
*16%
15%
21
28
*
sink
21
15%
*17
1958
loan
24%
APorto Alegre
(City
*33
15
21
2
29
36
42
29
—
6
38
29
33
—
*32
38
39%
26
26
27
3
26
33
34
34
2
34
41
28
1966
28
1
28
351/4
33
33
7
33
39i/2
26%
27%
26%
35
38
40%
--
—
Stamped pursuant to Plan A
(Int
reduced
to
2006
2.25%)
J-J
ARio
de Janeiro
(City of) 8s
Stamped pursuant to Plan A
(Int reduced to 2.375%)
1946
A-0
99%
99%
2
99%
1011/8
99
99
8
92%
2001
—
A-0
1953
F-A
2012
F-A
—1946
A-0
100 1/8
M-N
-.1975
external s f $ bonds
33
6
1967
A41/2S assented
AStabillzation
AExternal
M-S
1976
41/2-4%s
33
—
100% 100%
102
1977
4'/4-41/2s
4%-4%s
extl
lAPoland (Rep of)
62
1961
f
readj
3%
62 Ya
of)—
f 4'/a-4%s__
s
62
57
1958
1950
(Province
Refunding
57%
61%
1957
gold 5s
gold 6s
stamped
External
62
57%
58%
—
401/2
63
57
*56%
f 5s
s
Sinking fund
Sinking fund
61
62
*58
3%s Series No. 29—
3%s Series No. 30
Brisbane
15
58
60%
*56%
3%s Series No. 28
*28y4
33%
36
__
~
J
*56%
57%
40
61-%
58%
*56%
—
1963
1994
external
ANat loan extl
62%
59'%
57%
of)
62%
57%
58%
1.
(State of)
57
17
61
3%s Series No. 27
*33
100%
1955
(Int reduced to 2.125%)
62
3%s Series No. 26—
40%
281/4
2
Stamped pursuant to Plan A
.,62%
57%
—
—
281/4
M-S
1970
ref 31/2S series B__
57 Va
58
M-S
38
1965
s f 5s
83%
57%
.
*33
1963
78%
56%
3%s Series No. 25
—
281/4
._1957
76
61
59%
3%s Series No. 24
M-S
2008
4y4s__
75%
60%
3%s Series No. 23
14
38
_
_1956
loan
78
57i%
,,
extl
76 y3
57%
—;
*12%
11 %
10
*12
J-J
1959
(City) sink fund 4%s
*58%
3%s Series No. 21
J-J
15%
7%
9%
Panama
3%s Series No. 20
3%s Series No*. 22
9%
18ya
Iby4
*8
2008
(Republic)—
AStamped assented 5s
Stamp mod 3y4s ext to
59i%
*—
11%
14
11 %
J-J
1958
external—
f
3%s Series No. 19
._
*liy2
17%
__
69
85
60
3%s Series No. 18——
fund
Municipal Bank extl
76
9%
65%
*58
—
sink
65%
68
43
J-J
Norway (Kingdom of) 41/2S
60
60%
9%
12%
J-J
f 6y2s__
s
31/2S
79%
12
Stamped pursuant to Plan A
4s
68
29
1
J-D
1933
6y2s_
65%
65
59%
17_
f
s
651/4
60
*56%
_-c
3%s Series No. 15—3%s Series No. 16
3%s Series No.
9
62
e60 % e60y2
;
14
external
60%
601/4
*79
3%s Series No. 9
3%s Series No.
18
62
J-J
agree_1963
Stamped pursuant to Plan A
(Int reduced to 2.125%)
6oy4
611/2
*60
7%
10
9%
41
9%*12%
1942, agree_1963
AAss'td to Nov 5, 1942,
Mlnas Geraes (State) —
External
*60y4
3%s Series No. 2
3%s Series No.
AAss'td to Nov 5,
*__
Q-J
1942, agree_1963
5,
(Int reduced to 2.125%)
3%s Series No. 1
3%s Series No. 5
to Nov
ASec external
47
100 Va
105
Q-J
AAssenting 4s of 1904
&
1954
AAss'td to Nov 5, 1942, agree_1968
AAssenting 4s of 1910
1945
ASec
71/4
41
J-J
1945
5ATreasury 6s of 1913 assent
Stamped pursuant to Plan A
3%s Series No. 4
5, 1942, agree_1968
extl 5s of 1899 £
1945
(US)
AAssenting 5s of 1899
59%
Stamped pursuant to Flau A
(Int reduced to 3.375%)
1979
External $ bonds of 1944 (Plan B) —
Mexico
70
Stamped pursuant to Plan A
(Int reduced to 3.5%)
1978
5% funding bonds of 1931 due__l951
A
63
J-D
1957
105
__
Irrigation—
A4%s assented
73%
53
Stamped pursuant to Plan A
(Int reduced to 3.375%)
A7s (Central Ry)—
*104%
102
109%
102%
45%
451/4
15%
95
46
59
A-0
16%
10%
101
59
A-0
1979
12
12%
94
6i y2
1957
12%
'11
100
60
(Int reduced to 3.375%)
AExternal s f 6i/2s of 1927
48
25
A-0
107%
J-D
531/4
45
42%
1964
1968
(Republic)
71
98%
62
45
A-O
65
1978
1926
56
59%
1952
51%
f 6%S of
s
101%
1960
Stamped pursuant to Plan A
AExternal
102 Va
101
*101
Haiti
*111% 114
*__
102
101
Helsingfors (City) ext 6y2s—.-.
*104% 105
106 J/2
101
5
101%
J-J
AAss'td to Nov
Belgium external
7
~3
„
101
42
5
98% 100
102%
101%
93
4iy4
14
99
98%
94%
94y2
93
43
102% 102%
1956
3y4s_,
100 y8
Government—
10
106 J/4 107
1957
10-year
90%
96
9
18%
98%
external 5s
89
__
7
42
115
107%
113
19%
A-0
104%
111%
104%
15
411/4
*41
A-O
f 7s 3rd series__1957
s
100 y2
107Va
43%
Greek
97%
.
paid
§ A External
20 y2
J-J
paid
§ AExternal
101%
M-S
Jan 1, 1976
extl
16
t
$
Republic
105%
A-O
A-O
Jan 1, 1976
Jan 1, 1976
$
(Republic of)
2
High
101% 101%
1969
$
s
81
79
*67
AGtd
(King of Norway) 4s
SAAntioquia (Dept) coll 7s A
f
96'%
17
97%
1969
(Republic
s
extl
AEstonia
AGtd
J-J
1961
series
Salvador
4s
3%s
Akershus
1st
88%
16%
*89%
93
5%s 2d series
3
*113
941%
5%s
88»/4
89%
A-O
A-0
A-O
Teletype
19
113
F-A
NY 1-1693
Broadway, New York
Low
92%
113% 113%
M-S
Customs Admin 5y2s 2d series
Exchange
January 1
90%
100% 100%
1962
gold
Range Since
Sold
No.
A-O
1942
1955
51/2S
4%s
gold
Bonds
High
*104
lADominican Rep Cust Ad 51/2S—1942
JAlst series 5%s of 1926
1940
SA2d series sink fund 51/2S
1940
Wertheim & Co.
Range
Friday's
*102%
F-A
1960
—
lADenmark 20-year extl 6s
External
New
to
17
M-S
(Rep of) 8s ser A.1951
extended
90%
M-N
ASlnking fund 8s series B„
1952
Stamped assented (int reduced
Members
or
Bid & Asked
88%
J-D
1951
1949
1949
(City) 5s
gold 41/2S
External
Foreign Securities
Week's
Low
25-year
J-D
Sale Price
High
Issue—
1980
Last
Period
BONDS
Range Since
Copenhagen
Corporate Stock
3%
RECORD
WEEK ENDING
New York City
Transit Unification
BOND
(3189)
Week's Range
Friday
Interest
BONDS
FINANCIAL CHRONICLE
1984
J-J
*98
99
-u-
—
99
sec
6y2s
—:
Stamped pursuant to Plan A
(Int reduced to 2%)
Rio Grande do Sul
A8s
extl
loan
of
(State of)
—
26%
11
—
1921
*34ya
45
*30
32
*31
35
—
Stamped pursuant to Plan A
Canada
(Dominion
AChile
1960
8s
External
f
AExternal
1960
sinking fund 6s
A-O
A 6s
assented
ARy external
A 6s
Jan 1961
AExtl
Jan
sinking fund 6s
Sep 1961
assented
A6s
—Sep
sinking fund 6s
AExternal
A 6s
sinking fund 6s
Mortgage Bank
A6y2s assented
25%
26%
—
ta.—
w
F-A
25%
J-J
—
9
—
—
6y2s
A6s
of
sink fund 6s
A
'
27%
—
28%
—
24%
23%
1
24 y4
25%
26
2
23%
f $
23
M-N
2004
1967
j-D
loan
of
1926
Stamped pursuant to Plan A
(Int reduced to 2.25%)
A7s municipal loan
Stamped pursuant to Plan A
(Int reduced to 2.25%)—2004
--
*26
—
*32
*26
A
1
1
—
*31
*25
1
—
23 y2
26%
M-N
J-D
26
6
J-D
J-D
25%
j-d
__
25
25
4
22
23%
25%
24%
24%
5
22i/a
—
__
__
—
——
SECURITIES
27
a-O
23%
24%
25
3
22%
25%
2
24
26
24%
27
MARKETS
27
25%
FIRM TRADING
27
A-O
M-N
—
M-N
25
14
22%
M-S
21
25%
i960
M-S
23%
24
5
20%
25%
j_d
14
14
5
14
16%
A-0
'80%
80%
1
78%
90
J-J
52%
36
5s
—1951
.
HARL MARKS & CO- lNCFOREIGN SECURITIES SPECIALISTS
of)—
bonds
1970
a-O
*76
51%
Bank
6y2s„
1947
a-O
1946
M-N
*46
F-A
*46'
7s
of
see
1927
page
.1947
33.
54
__
62%
53
50
54%
50
50 Broad Si., New York
50
4, N. Y.
90
52%
*44
1926
79
50
Telephone HAnover
-0TT7
: v
2-0050
31
33
39
31
35
For Financial Institutions
FOREIGN
37%
28%
28%
27%
25
35
35
—■
27%
22%
— —
7s of
fund
J-D
1966
external
26%
23%
M-N
Mtge
footnotes
2012
A7s
27%
Jan 1961
s
J-D
25%
A-0
Oct 1961
(Republic
.1968
28'/a
18
1962
Ry)
1999
(Int reduced to 2.5%)
external sink fund gold
A6s
27%
26
Sinking fund
For
.
23%
i960
1928
A Sinking
23
24'£
—
1962
;
(Hukuang
external
28
25%
1961
6s
A6s of 1927
3s
27%
23
1961
sink fund
assented
A Colombia
27%
23%
25%
1961
A7s assented
A 6s
27%
25%
1961
AChilean Cons Munic 7s
Colombia
261/4
23
M-S
1957
6%s
assented
a Chinese
24%
A-0
1957
assented
AGuaranteed
82
80
6
—
A6s
1'
—
6
—
26
__
110%
Stamped pursuant to Plan A
(Int reduced to 2%)
1091/4
108%
24
-
31
26%
__
25%
M-S
1
AGuaranteed
26
J-J
——
—
26
25%
106
1962
_1963
AChile
A6%s
27 %
26
—
5
■
1961
1963
assented
ASlnking fund
*26
21
O CO Nco
_1962
assented
AExternal
1961
106%
70
F-A
Feb 1961
f 6s
s
assented
106
108%
A-O
1960
Feb 1961
sinking fund 6s
assented
A6s
106%
M-N
M-N
assented
AExtl
J-J
1942
1942
s
7s
J-J
1954
4s
A-O
1961
(City)
(Rep)
A7s
A 6s
of)
3Vis
25-year
A Carlsbad
30
Teletype NY 1-971
32
33
39
27
31%
29
30
THE COMMERCIAL & FINANCIAL CHRONICLE
(3190)
YORK
NEW
Last
Period
Sale Price
'
Stock Exchange
New York
Friday's
or
Bid <& Asked
Low
SASan Paulo
1952
'
2001
1957
(City) 8s
Stamped pursuant to Plan
(Int reduced to 2.375%)
A6%s extl secured s f
:
A
Stamped pursuant to Plaji
(Int reduced to 2% )
SASan Paulo (State) 8s_i
A 7s
§ ASecured
Sydney County Council 3%s
AUruguay (Republic) extl 8s
AExternal sink fund 6s
fund
sink
AExternal
6s
($ bonds of
readjustment
33/4-4-4%s
External
External conversion
32
35%
42
1st mtge gtd 4s_________'_
Celanese Corp 3s debs____
31%
41
58%
68
50
64%
58
67
59
Central
53
60
55
50
55
t A Cent New Eng 1st gtd 4s
tACentral of N J gen gold 5s
A5s registered
91
85
91%
§ AMobile Div 1st gold 5s
Illinois Light 3V2s
7%
51
7
8
26
21
26
*13%
14
13%
20%
99%
15
1st
130
130
96%
29
94%
Power
*94%
98
96
100%
1978
J-D
*94%
96
95%
100
F-A
J-J
F-A
96%
102
84%
90
100
"5
100
*84
3'As
13
13
67
67
67
29%
31
33
25%
41
29%
29%
30
29
24%
40
J-J
1974
F-A
~5
1st
Power
2%s
conv
/
gold
impt mtge 3%s D
&
impt M 3%s series E
1st
Topeka
108%
84
118
133%
100%
100'A 100 5/s
51
100%
103'A
1013%
101"
1013%
39
1003%
1033%
—1967
—199s
Air
Line
100
97
91
1
1st
&
1st
&
cons
22
100'A
104 %
31
104
105%
105 %
105
105%
•
104%
106%
97%
95%
95
—
unified
128
4%s
ref
series
1977
B—_
3%s
75
*114
Nov
M-N
4%s
A
107
106
107
105
105%
3G
104%
107%
J-D
106
104% 106 y4
21
104%
Milw
Chic
32
26
18
36
22
26
-
102% 102%
J-J
28
7
19
102%
15
104%
1043%
107'A
126%
132
124
124
St
*127
*122
at
Fixed
4%)
,
.
A4
convertible
y2 %
Div
1st
mtge
5%
103%
1
89%
87%
89 Va
25
May
41%
38%
41%
242
due Mar 1 2000
73
863%
35
70
23
101
59
83
*__
81%
90
54
74
54%
53%
55%
15
51%
series
4s
48%
ref
Con
51%
21
32
32%
42
32
453%
1956
J-J
91
1
87
99
104% 105
Bell
Telephone of Pa 5s series C—1960
2V2s debs—1961
Beneficial Indus Loan
74
34
69
56%
102
49
64%
Apr
J-J
66 %
66%
126
61%
83%
4
100 %
1013%
of
Gold
100% 100%
100%
66
66
68%
73
4s
44%
41%
44%
49
J-J
45%
49
1952
series A—
i960
i
1951
.:_1951
13%
15%
*
15%
*102
J-D
—1951
—
J-D
Memphis Div 1st gold 4s
55
53%
55 y2
74
52
73%
:
ref
&
mtge
1st
S'/bS
2%s
*73%
mtge
Cons
mtge 2%s ser J
& Maine RR—
§ADebentures 5s part paid-'—_^_1957
Okia & Gulf cons 5s__1952
Cine Gas & Elec 1st mtge
1st
mtge 2%s ser G
5s series AC
mtge
5s
mtge 4%s series JJ
.
series III
,
Cleve Cin Chic & St Louis Ry—-
gold
5s
62%
64
60
84%
86.%.
86%
19
84%
97
St
79%
79
79%
15
79
96
&
93
J-J
93
1
93
92%
J-J
92%
1
92
.
-
.
103%
__
modified
(interest
*__
A-O
103
coll tr
A-O
99
99
99
C
1990
1—1970
gold 4s
3s
Series
D
127 3A
21
983/a
129
99%
gtd.——1-1948
gtd^_^_^:
——-1950
3V2s3'/2s
Cleve Short Line
Cleveland
*127% 128 'A
-
Union
24%
24%
~5
72%
104%
.
82%
20
105%
113%
102%
105 %
97%
98%
81%
76%
112%
__
*98-.
34%
103%
105
*112%..
34%
24%
60
—
93
15
99
81%
88
.
M-N
109
J-J
1st
1
Co-t-
Terminals
mtgd
65
9
96
*
98%
65%
82%
64%
92
80%
95
108%
104
101%
100%
109%
102%
108%-109
*11
108%
105%
21
105%
109
L04%
A-O
A-O
105% 106...
104%. 105%
37
104%
107%
104%
7"®
>
63
*102%
M-N
FVA
A-O
-
5%s series
70
64%
J-J
-
92
93
112
68%
*92%
69%
J-J
.
AV26--—1961
1st gtd
A-,—----—1972
5s series B
—^-1973
4'/2s series C
1977
1st mtge
1st mtge
J-J
M-N
102%
102 % 102%
24
1013/a
103%
102%
102 y4102%
20
101%
103'A
-M-S
M-N
A-O
1 J-J
M-N
*100
-
*
-
*101%
—
95
-
98 3A
100%
100%
104
96%
96%
83
11
81
104% 105
34
103%
106%
Colorado & Southern
42
66
27%
44
51
50
51
27%
27%
1
Consolidated
Term
1957
M-N
Commonwealth
1st
107%
102%
15
100%
103'%
Consolidated Cigar Corp
103% 103%
8
102%
104
102
102
56%
58%
28
A-O
J-J
29
*103%
A-O
92
91
*105
1976
Southern
gtd 5s A
cons
J-D
1974
1962
M-N
1957
1st 3s
Power 3%s
J-J
A-O
*105%
York—
Edison of New
27
55%
72
25
39
ref
mtge
1st
&
ref
M
__
92
2
103%
110
109%
110%
108%
109%
-
_
7
101%
103
91
97
105
105%
106
Ry non-conv
4s
ADebenture
4s^
Consumers
Power
1st
4s____1954
1——1955
—1956
mtge 2%s__ 1975
Baking
RR
receipts
gold
106
106%
106%
A7%s
106% 106%
30
106 3/8
113
A 6s
119% 119%
11
119
.-1965
1966
1942
ser
receipts
ser
B
12
101%
103%
21
103
104%
10
102%
103%
103'%
32
32
30
43
*__
36
34
42%
*__
J-J
J-J
M-&
36
33%
41%
104%
ld6%
105% 106
35
102% 102%
3
100% 100%
102%
J-J
M-N
JD
4
*53
35
40%
41
77
34
35%
---
41
41
A deposit rets
1946
J-D
*40
1946
99%
104
,
101%
63%
40%
5 2'A
2
77
86%
42
34
38
44%
41
46
43%
2
42
deposit rets
102
57
55
77
40%
J-J
45%
J-D
120%
—
103%
*100% 100%
—r
—1952
1st 5s
ADeposit
1043%
5
3s
108
102%
103
102% 103
A-O
J-J
debs
Crucible Steel 1st mtge 3%s
JACuba Northern Ry 1st 5%s
Continental
103
M-a
deb
108%
105%
101% 101 IS
A-O
B—1977
ser
108%
—
*102% 104
J-J
A——1982
2%s ser
108% 109
106% 106%
.
—1953
2%s
ADebenture
106% 106%
106%
110
*108%
A-O
debentures-
ADeposit
Power
3V4s_^—1965
debentures——^—-—1956
&
108%
J-J
--F-A
3%s
A Cuba
Elec
63%
106%
102%
10
*114
.
106%
t A Consol
1955
5s——wi
110
F-A
^dison Co—
ifltge 3s series L
6
107% 107%
A-O
A-O
M-S
———1977
44%
105%
—
26
44%
*102%
F"A
Conn
107%
58%
45
M.-N
M-S
45%
106'A 106%
„
„
,
„-.l955
Columbus & Tol 1st extl 4s—
1st
1960
1st 4s
Bldgs 5s gtd
Calif Oregon
;
Ry & L 1st & ref 4'/2s
1951
Conn River Pwr s f 3%s A_——1961
*106
M-N
1934
1952
to May 1
Bush Terminal
Ry—
4%s .(stamped modified)—--1980
& Elec 3'%s debs—1971
Columbus & H V 1st extl gold 4s__.1948
Columbus & Sou Ohio El 3V4s
.1970
91%
20
81%
81
F-A
F-A
M-S
J-J
__
at
tAlst & Coll 5s
—
National Ry—
Guaranteed gold 4%s
Guaranteed
gold
5s
Guaranteed
5s
Guaranteed
gold
geld
4%s
Guaranteed
gold
Guaranteed
gold
For
107%
*__
J-D
Div
Mich
&
:
series E:—.—1977
1st 4s_„-1991
A'/2s
impt
Wab
3'/2s
1st mtge 2%s__1975
1947) due
tBurlington Cedar Rap & Nor—
Canadian
105%
103
.
.J-D
—1993
B
Cleveland Elec Ilium
98%
100
Rochester & Pgh Ry—
Stamped
Canada
2
105
105
—
J-D
J-D
-
-——1993
4s
series
L Div: 1st
Consolidated
Buffalo Niagara El
California
108'A
24%
F-A
-
Columbia Gas
1967
1955
1961
1st mtge 4s series RR—
.-I960
Ainc mtge 4y2s ser A
July 1970
tABoston & N Y Air L 1st 4s___>_1955
Bklyn Union El 1st gold 5s
1950
Bklyn Union Gas 4s debentures—1969
Gen mtge 2%s
.—1976
mtge
1st
Bush
106%
104%
*61
F-A
<
107
103
16
*24%
M-N
1961
City Investing Co 4s debs
106
104
105%
>
E———1969
.'——-1974
mtge gtd 3%s series
1st
•
93%
85
106'A 106%
A-O
1975
2%s
Terminal—
80%
79%
...
105
M-S
A-O
A-O
§ A Choctaw
63%
»
1st
3%
100
*__
105%
J-J
1962
i-
78%
106% 106%
J-J
J-J
—1963
F
series
4V4s series D*
ref
&
86% I
1970
1976
2%s ser I—
Cons
Buffalo
97
—
27%
105
Steel Corp—
Bethlehem
1st
101%
84%
*78
J-J
J-J
2%-4%s_———1994
1.
1994
M
2%-4y4S——
mtge
M-N
J-J
I
Boston
97
57 3/a
12%
296
--
*11
53%
42%
81
78%
39
288
Chic Terre Haute & S'eastern Ry—
Ref
M-N
80%
68'A
A-O
M-S
M-N
J-D
1-1934
:
71
66%
58
-
73
883%
59
5
deposit-
gold
3%s
,65
F-A
- -
1988
,
Certificates
53
*
105%
104%
40
72%
Series
—19511
66%
50
50
91
51%
55%
B
ser
A Conv gold 4%s
>.
.
1st 3%s—1951
Extension
Creek
Beech
56%
74
J-D
1951
4s
stamped
4s
-
.
45
J-J
Cleveland & Pittsburgh RR—
.
11
56%
General
1959
Toledo Cinn div ref 4s A
Bangor & Aroostook RR—
49
104%
General
_
88
Apr
Cin
1.1980
A
80
73%
M-S
M-S
due Dec 1 1995
J
Series
8
J-J
Chicago St L & New Orleans 5s
Pgh Lake Erie & West Va
Ref
83
J-J
Apr
A
6% (2%% fixed '
contingent interest) —
3%%
88%
140
1983
A
ser
§ARefunding
Ref & gen mtge
and
793%
.2003
City Ice & Fuel 2%s debSw——1966
56
56
I
42%
25
138
134%
RR-^
Pac
AGeneral 4s
89
54%
J-D
.
1
79%
79%
J-J
1st mtge 3s ser B—.
...1989
f§AChicago Railways 1st 5s stpd
25% partial redemption-_r.^___^_1927
tChlcago Rock Isid & Pacific Ry— •'
.
due Mar 1 1996
M
Series
72%
72%
135
79%
100%
Jan 1 2044
...
due Dec 1 1995
K
Series
J-J
.
30'A
104
94%
14
4%s inc ser A__Jan 1 2019
Cincinnati Union
1950
(2% fixed
contingent interest) —
115%
983%
95%
29
29%
J-J
-
StAChilds Co deb 5s part paid—L1943
A-O
112%
99
,
•
J-J
M-N
M-N
.
-
'!
101
' ■;
(gixed int. at 3%% )—
Series G—
86%
73
2
,
95%
95%
114%
inc
1st
<
Ref & gen mtge 5%
and 3%
87%
112%
*
F-A
F-A
ser G
,
1963
Chic & West'n Indiana conv 4s__—1952
86%
21
1994
&
Paul
4s
1st
87%
188
113% 114
F-A
,
Chicago & North Western Ry—
2nd mtge conv inc 4y2s__Jan 1 1999
......
July 1 1948
Feb 1 1960
'
S'western
A-O
■
!
46
32
37%
37
28%
Baltimore & Ohio RR—
—July 1 1948
__
107
conv
1st
bonds
(interest
■
113% 113%
37
Chicago Union Station—
mtge 5%
MM.
mtge
1st mtge
41
B
1st
129
4%s
Income
1st mtge 4s
Stamped modified
-106%
Gen
A
109%
J-J
J-J
5s
4%s inc ser A_—
§ASecured 4'/2s
*__
105%
1948
—1948
1966
inc conv
Chicago Ind & Sou 50-year 4s
>
Ry—
M-N
1st 4s
mortgage 4s
Atlantic Refining 2%s debs
139
7
J-J
3%s ser B—_
A 2d mtge
•_
119%
M-S
Second
mtge
mtge
fChicago Ind & Louisville Ry—
A 1st mtge 4s inc ser A_—
118
1963
Atlantic & Danville Ry
37
26
106
A-0
1985 .
1970
' f
.
;
132
116%
128%
128
114
128%
A-0
1
99%
88
33
2
99
88
*—
•
99
*_-
i—
•
143%
139 -140
105% 105%
J-J
1949
.
1013%
104
i04 i/a
139
J-J
1958
ref mtge
AGen
1193%
100'A 1003%
104%
51%
40
1023%
1
105%
M-S
M-N
F-A
.
*
100%
111%
1,223
103% 103%
J-J
—
101%
July 1952
1964
mortgage 3%s
Atlantic Coast 1st cons 4s
General
973A
111% 114
_
Jan
1995
Charlotte
&
97%
973%
A-O
.
Adjustment gold 4s____July 1 1995
Stamped 4s
July 1 1995
1st
98%
100%
& Santa Fe—
General 4s
Atlanta
94 %
'112%
; Q-J
1966
deb
Products Co 5s
A P W
106%
121%
,—1969
Anglo-Chilean Nitrate
Arbor 1st gold 4s
Ann
Atchison
76
118
A-O
A-0
debentures—
3s
106% 106%
1183/4
*—
A-O
—1962
Amer Tobacco Co deb 3s_,
A
1063/4
108%
.
40
:
1992
1995
1996
1989
_1989
4%s_.
&
1st
109 %
104
107%
*100% 101%,
J-D
105%
,103% 107
*103% 105
*--
1997
1985
Chicago & Erie 1st gold 5s__——1982
Chicago Gt West*-1st 4s series A
1988
AGen inc mtge 4%s
Jan 1 2038
ft
106%
*—
J-J
103 3%
67
108
,
;
104%
107% 107%
.
—1982
debentures
2%s
101
104
.F-A
A-O
.
1961
debentures
103% 104
(partial redemption)__1942
stamp
Chicago & Eastern 111 RR—
100%
—
104
104
1986
debentures
2%s
*101%
M-S
mtge
106
12
A
General 4s
17%
J-J
A-0
A-0
M-S
M-S
3%s
1972
Albany <% Susquehanna RR 4%s__1975
Alleghany & Western 1st gtd 4s__1998
Allis-Chalmers Mfg 2s debs
1956
Amer & Foreign Pow deb 5s
2030
American Telephone & Telegraph Co.—
3s conv debentures
--——1956
2%s debentures.
*
-1980
2%s debentures^
*-1975
Alabama
27%,
24%.
4*
106% 106%
103%
36%
24
*21
F-A
86
65
*24
4s_1949
gold 4"s
2d consol gold 4s———:
t A Chicago & Alton RR ref 3s
21%
12%
21
M-N
1967
27,
109%
31
___
A-0
1st ref gtd gold
series
R & A Div
RAILROAD AND INDUSTRIAL COMPANIES
Southern
21
108
*109%
Chicago Burlington & Quincy RR—
18
*15
M-S
21
J-J
1st & ref mtge '2%s__.
1948
66%
42%
49
*14
1987
__T_1974
3s.
Ref
100
M-N
coll tr gold 4s
17%:
*42%
A-0
J-J
Chesapeake & Ohio Ry—
.
Adams Express
Alabama Great
17%
8
,_1987
York
ref
General
95
13
67%
8
53
:._1987
1987
Ref
F-A
39
10
9%
J-J
4s
New
&
5s
*130
M-N
36
9%
1966
,_1961
Champion Paper & Fibre deb 3s— 1965
*130
95%
43%
*
__1946
.
(4%% to Aug 1 1949)
§ A Central RR & Banking Co
*130
M-N
M-N
102%,
9
.
101%'
99%
99 %
7
1978
_1984
1958
1958
A4%s assented-.
AGeneral
Central
10%
10%
7%
8
7
*16
7%
79
41%
J-D
43%
81
61
(
22
9%
;AChatt Div pur money gold 4s__1951
43%
~5
82
*9%
56%
80%
105%,
106
81
ARef & gen 5s series C_________1959
56%
65%
103%
103%
43%
56 %
78
63%
70%
104%
.
82
F-A '.
M-N "
'
1;'
.
:•••' 104
J-D
11945
High
110.
10ft
*61
104%
F-A
Nov 1945
Low
94% 107
91
,
■2
*103% 106 %
61% 61%
.A-O
5%s series B——1959
gen
97%
•,
108.%; 108%
'
A-O
A-O
&
65
,
January 1
No.
<.,•<,
F-A
-
Sold
High
V
§ AConsol gold 5s__[____—
48
78%
«"■
•
j § A 1st mtge 5s_——1_
;
Central Pacific
J-J
F-A
:
1960
1964
1937) —
.*—1979
1979
1981
.
Range Since
Asked
97
97%
..
M-S
—1965
Celotex Corp 3%s debs
_1960
ACent Branch U P. 1st gold 4s____1948
49
78%
J-D
_1957
1946
F-A
■
A4s registered
78%
A-0
1958
3%-4%-4&S extl conv
*
4.41/4.41/28 extl readjustment
3%s extl readjustment
A Warsaw (City) external 7s
perpetual
*89
A-0
1958
(Prov of)
A4%s assented
50
*47
M-N
M-N
J-D
extl 7s__
ASilesia
stk
*41
A-0
Stamped pursuant to Plan A
(Int reduced to 3.5% )_
1978
Serbs Croats & Slovenes (Kingdom)—
A8s secured external
1962
A7s series B sec extl
-1962
Sale Price
Bonds.
Bid &
Last
Period
Carthage & Adirondack Ry—
43%
43%
J-J
1940
deb
37
*46
J-J
'
2012
f 7s
s
32
48
49
M-S
1968
35%
(ARef
A
2004
Ry 4%
*52
J-J
Stamped pursuant to Plan A
(Int reduced to 2% )
Pac
tCentral of Georgia Ry—
J-J
extl water loan
Stamped pursuant to Plan
(Int reduced to 2.25%)
A6s extl dollar loan
Can
42
*46.
J-J
.
—1950
'
1999
1956
A
Interest
N D s
Stock Exchange
High
38
42
New York
*52
---
J-J
1999
2.5%)—
(Int reduced
external
Low
*26
1936
Stamped pursuant to Plan
(Int reduced 2.5%)
January 1
No.
Week's Range
or Friday's
LOW
B O
Range Since
Sold
*33
—
M-N
Friday
»
Bonds
*27
2012
13
Carolina Clinchfiehh & Ohict' 4S—_1965
A
A 8s
High
*34
M-N
A
Stamped pursuant to Plan
RECORD
Week's Range
Friday
'
Interest
1
BONDS
BOND
WEEK ENDING JUNE
FOR
RANGE
Monday > June 16* 194:7
,
footnotes
D
1969
J-J
111%
111% 111%
15
111%
113%
1970
1955
J-D
112%
112 y4112%
5
112
114%
117% 117%
1
1173A
119%
4%s
1956
A-0
116%
119%
Dayton Pr & Lt 1st mtge 2%s
1975
Dayton Union Ry. 3'As series B—1965
Deere & Co 2%s debs
—1965
4%s
1951
F-A
110
112%
Delaware
see
Oct
page
33.
J-J
*116
110
110
117
110%
9
&
Hudson 4s
extended—1963
A-O
M-N
103
*103%
*104
94%
93
104%
104
*103% 104%
A-0
J-D
105
—
104%
95
22
93
97%
COMMERCIAL &
THE
Number 4603
[Volume 165
FOR WEEK
RANGE
ENDING JUNE 18
Week's Range
Friday
Week's Range
Friday
Stock Exchange
New York
Last
Interest
Period
BONDS
or
Bid & Asked
Sale Price
Delaware, Lack & West RR Co—
N Y Lack & Western div
M 5s ser C
AIncome
Morris
.
mtge due
Essex division
&
Coll.tr
Delaware
(3%. fixed
contingent int),
mtge ser A
1%
AIncome
ser
mtge
Income
1%
a
M-S
series G___1968
1995
J-D
*48%
1961
B__1976
M-N
M-S
,,1961
5s—1937
J-J
2%s ser
Det Tol & Ironton RR
2.35s
debs,,
{§ADul Sou Shore & Atl gold
Duquesne
Light
60
50 y8
54
1956
& Ga Div 1st 5s
1995
Elgin joliet & EastJEty 3'As.—---1970
(NY) 1st cons gold 5s
5s
*155'/a
J-J
90
A-O
A-0
mtge inc 4y2s series A
1st cons mtge 3Vis ser E___
30%
104%
1st cons
2015
1964
mtge 3%s ser F
_1990
mtge 3yes ser G~_—2000
cons
Ohio
mtge 2s ser H
Div
1953
-
mtge 3%S—--1971
1st
a-0
gold 3%s„:_1997
,,1997
Deo
Ltd—
.
Coal & Navigation Co—
S F mtge 3%s scr A__
,1970
& Rub
3s
81
100'A
105%
1959
1974
1st 4%s
{Florida East Coast
A 1st & ref 5s series a
ACertificates
of
J-D
M-S
Francisco Sugar coll
100%
*101% 103 y4
1956
trust 6s
105%
102 y2
72%
50
26
54%
527/B
54%
651/2
56
1—
deposit
104%
7
105%
.105
M-N
M-N
~4
106
106
104%
Lehigh Valley RR—
4S stamped modified,
.<
i_~
registered
41/2S stamped modified
41/2S registered
5s stamped modified
106
.
4s__——1949
r.
1,1949
Lorillard (P) Co deb 5s
—1951
3s debentures ,11
.——,1963
4s
1
General
Co cons 5s____1949
inc
conv
Northern
Great
General
5Vis
General
5s
debs
,,
Ry co—
series B
mtge 3'/as ser N
-Gen
mtge 3%s ser O
mtge 2%s ser P
Gen
2%s ser Q
Gen mtge
mtge 2'As ser R
Gen
AGreen Bay &
ctfs
ADebentures
1959
,,
1975
a_„,—2015
1st & ref 4s series B
mtge inc 5s series
1st & ref 3%s series D
:—,,1969
mtge inc 4s ser B w i
2044
Guli States Util 1st M 25As__——1976
105%
...
105%
82 Va
77
12
-
1st
127
M
ref
—
1st &
101%
St Louis Div 2d
4
115
131
18
126%
129
100% IOIJ/2
*
133V4
-127
127
9
100%
J- J
99-
11
98%
J-J
95%
95
95%
3
941/2
104%
98%
87
87
1
87
91
—
97
99
J-J
*96%
J-J
65
98
gold 3s
Div 4s_
Cine
f
7%
7%
*—
104
J-J
104
104
a-0
1
62
101
M-N
••
•
■;
-
•
■
•
101
9
1041/4
71%
101%
58%
'
140
86%
99j/4
'
'T*
72%
101%
iooy4
1
(Southern Lines)
Corp 1st mtge 3s
M-N
J-J
102
102
80 %
102%
Mo Kansas & Texas
140%
891%
80%-80%
100%
10
1021/4
21
79
86%
108
109%
108'A
7
50
49%
50%
91
48%
631/4
a-o
17
15
17
38
13%
23%
1081/8
103
1
J-J
*101%
104
105%
102
12
*103% 1041/4
102%
gold
sterling
3s
Refunding
4s_
—1952
Collateral trust gold 4s
1953
Refunding 5s
1955
40-year 4%s
—1966
Cairo Bridge gold 4s
.-1950
Litchfield Div 1st gold 3s
1—1951
Louisville Div & Term gold 3y2s_1953
Omaha Div 1st gold 3s__—
.—1951
St Louis Div & Term gold 3s___,1951
Gold 3%s
k.
,—1951
Springfield Div 1st gold 3%S—195i
; Western Lines 1st gold 4s——1951
Purchased lines 3%s
.»■
4
40-year
4s
lien
Prior
—
101%
100
*101
a-o
71
95%
93%
IOI1/4
71
10iy4
M-N
96%
J-J
91
M-N
95%
9
96
96%
5
93V'2
100%
99%
A-O
99%
1
98 7/8
102
93%
89
91
99% 100%
M-N
77
f-a
74
77
89
100y4
7
98%
104%
108
671/4
107%
96 ~
96
97
97%
97
98%
96
96
*97%
J-J
—
*102
101%
105
99
103%
lOli/a
111 Cent and Chic St L & N O—
1st
•
ref 4%s
&
1963
1963
1963
1970
series C__
mtge 4s ser D—
Illinois Terminal Ry 4s ser A
.1st ref
1st gold 4s
1950
Indianapolis Union Ry Co—
Ref & Imp 2%s ser C_.
1986
{International Great Northern RR—
A 1st 6s series A
,1952
Indiana 111 & Iowa
A
89%
J-D
82
J-D
J-J
J-D
J-J
1
?!
—
A 1st
82
66
73
75
75
5
70
A Cum
series
4%s
adjust 5s
General
D_—
series A
4s
98%
47%
98%
99%
921/a
85%
lOlMj
*100% 103
97V4
44
47%
99%
—
101%
97%
98
98
43
—
17%
47
14%
30
42
23
40%
59%
J-J
42
42
24
42
59%
17%
1st 5s B
M-N
105
International Tel & Tel 4%s
1952
J-J
see
page
33.
104%
T—1 O CO «r
3
94
98V4
4
96
103 %
941/2
961%
112% "112%
66%
66%
1111/8
2
84
100
100%
105
105
100 ,/a lUO 332
1121/8
A
^
■
'
,
:
A
Moh'k & Malone 1st
106%
102%
25%: 251/4
21
29V4
Tel 2%s,__1986
Mutual Fuel Gas 1st gtd 5s
1947
1
Constr
M
4%s series B—
Mountain States Tel &
,,
—
102%
103%
—
80
T
95
80
9
109%
15
111
43%
57%
43%
50
90
93
3
90
57
93
45%
44%
45%
65
43
58%
76%
75
77
77
69%
95%
76
77
35
75
96
76%
61
61%
14
61
85%
69%
69%
10
69%
86%
54%
50%
54%
45
48
82%
68
64%
68
26
62%
85
25%
22%
18%
39%
64%
25%
67%
247
67%
124
62%
85
63
84%
1
64%
19%
68
641/2
-
16%
19%
65%
67%
63
68
63
65%
677/a
88
15%
258
101%
.101%
58 %
56%
66%
62
61
84%
62%
4
32
63
219
85
60
5
78
105%
106
1
100%
103
27
*105%
J-D
M-N
M-N
M-S
M-N
'
103%
103
5
110% 110%
F-A
M-N
2000
—1955
1955
.
101
M-S
1966
,—1958
—
"I
105%
80
A-O
F-A
gtd gold 4s—1991
Monongahela Ry 3%s series B
Morrell (John) & Co 3s debs
Morris & Essex 1st gtd 3%s__
Constr M 5s series A—1
—
93
1
*100%
M-N
,
102
99
102% 1021%
*103 %
F-A
M-S
M-S
M-N
1978
85
103%
105% 105%
77%
66%
83%
251/4
A-O
Jan 1967
11
"5
102%
J-J
»
87
*72
*—
J-J
J-J
J-D
1978
67%
99
J-J
gold 5V2S ser A
,—.—1949
1st & ref gold 5s series H—„ 198Q
1st & ref 5s series I
—1981'
101%
58%
68
62%
99% 100%
53%
63
7
65
72%
27
59
68
99%
11
*101
•—
'-'
97%
110
5
9
^
•
101%
100%
100%
N
Nashville Chattanooga &
St Louis—
B
—1986
Products 2%s debs_1970
National Steel Corp 1st mtge 3s__1965
{ANaugatuck RR 1st gold 4s
1954
Newark Consol Gas cons 5s
1948
§{ANew England RR gtd 5s,'
1945
1st mtge 3s
—
,1945
—1952
New
Tel & Tel 5s A
4%s series B
—
1961
gtd 1st 4s
,—1986
Jersey Power & Light '3s
1974
Orleans Great Nor 5s A__
1983
Orleans &
New England
1st
106
99%
105
1003*2
101%
97%
F-A
ser
{AConsol gtd 4s_
gtd
N J Junction RR
.
-
J-D
A-O
105%
M-N
J-D
J-J
J-J
J-D
105% 106
*104%
{New Orleans Texas
{ANon-cum Inc 5s
ACertificates of
ACertificates
106%
100
101
106%
—
10
J-J
J-J
8
15
81%
107
1
107
109V4
123%
124%
*123%
-*__
—
110
--
108
109
__
101
105
104%
106
12
102
106%
*108
*101%
—
102%
102
103
82%
*76V2
87
F-A
—
78%
86%
78%
13
80
92 Yb
83%
90
12
811/2
92
2
87
86%
A-O
84
65
82%
A-O
65%
66%
88%
c
86%
1956
of deposit
104%
105
65
107
M-N
F-A
M-S
J-J
deposit
Alst 5s series C
99%
103%
11
65 Va
65
deposit,—,—:
—1954
of
97%
14
105%
1952
1953
& Mexico Ry—
series A
1935
series B
ACertificates
15
104%
97%
103% 104
Northeastern RR—
4%s series A
New Orleans Term 1st gtd 4s
Ref & Imp
A 1st 5s
100%
107%
94
J-J
M-S
A-O
series F——,—1977
65%
16
40%
A-O
105%
106%
7
104% 105
94%
M-N
1965
1975'
;
& ref 5s
1st & ref 5s series G
New
£
A-O
footnotes
79%
*99
—
1944
1972
§AInternat Hydro-Elec deb 6s
For
81%
1956
gold 5s series C
Rys Cent Amer
76
J-J
July 1952
series B
5s
Int
89%
86%
1956
Adjustment 6s series A
A 1st
115%
104
96%
«
J-J
New
J-D
J-J
104
5
113%
*1051/4 106%
F-A
1962
National Dairy
*100
J-J
F-A
101%
100
97%- 97%
98%
97%
F-A
104
5
20
105
105
104%
100
98%
*100
ref 5s series A,
101% 102%
100'/a
98
98%
J-J
118
101%
IO81/2
1001/2
J-J
J-J
116
84%
58
*107% 109
J-D
1131/4
118
1131/4 113%
105
128%
2
102
102
" ' "
M-S
1962
series B
{Missouri Pacific RR Co—
A 1st & ref 5s series A—
A
M-S
Registered
Joint 1st
127%
-1131/4 113%
101%
A-O
103%
101%
1041/4
J-J
1041/4
80
—
102
M-N
Jan 1971
Jan 1991
1990
5s series A_,——
Prior lien
A
J-J
67
*118'
Missouri-Kansas Texas
75
F-A
M-N
1st 4s„
RR—
100%
—
76
j-d
39
4
68
113%
Sault Ste Marie—
4%s inc ser A,
mtge 4s inc ser A
139
101% 101%
*__
Illinois Central RR—
1st
68
52%
14
41
40%
J-D
AConv
Extended 1st gold 3%s__,
43
40
M-N
—
A Gen
*133%
4s__1959
1966
Metropolitan Edison 1st mtge 27/8S_1974
Metrop Wat Sew & Drain 5%s___ 1950
t§AMet West Side El (Chic) 4s„1938
Michigan Central—
.
■
,
Jack Lans & Sag 3% s——1951
1st gold 31/28
,,—1952
Ref & impt 41/2S series C—
*919
Michigan Cons Gas 1st mtge 3%s_1969
{§ AMidland of N J 1st ext 5s
1940
A
'Collateral trust gold 4s
45%
36
36%
*127%
J-D
J-D
M-N
coll 4s ser B
1954
Manati Sugar 4s sink fund—Feb 1 1957
1st mtge &
A 1st
—
391/2
31
•
<
1960
4%s ser A
Maine Central RR
1st mtge
j-j
1st
27
30%
;
105
101
6
,
62%
61%
102%
14
72
OO
f
7%
15
—
105
72
J-J
M-S
1951
1951
1951
—1951
—1952
1955
42%
1
88
34%
M
AManila RR
65
62
1
65.
65
7%
a-0
Hocking Valley Ry 1st
2%s series A—1981
82
28%
112
,
Mead
Hackensack Water 1st mtge
gold 4s
gold 3%s
76
67
•
Minn St Paul &
1st
58
12
104%
98%
H
Illinois Bell Telep
25
67
34%
41
A-O
A-O
M-S
1 M-N
105& 106%
•
—
&
Knox
117%
7
99
101%
j-j
Gen
2%s__1976
4y2s—
1999
t§AHousatohic Ry cons gold 5s—1937
Household Finance Corp 2%s,,,—1970
Hudson Coal 1st s f 5s series A—1962
Hudson Co Gas 1st gold 5s_
1949
Hudson & Manhattan 1st 5s A—-1957
AAdj income 5s
Feb 1957
—2003
2003
,,1980
1955
M 27As ser G„
1031/8
1151/b
*105
j-j
60%
#
A-O
M-S
3%s series F
ref
102'%
,132% 1321/a
J-J
87
33
Nashville RR—
&
&
Atl
J-J
,—1966
Louisville Gas & Elec 3y2s
101 %
RR
Gpn
1
82%
81%
115-
Feb
B
Mobile & Ohio
—
Feb
West deb ctfs a
Greyhound Corp 3s debs,
Gulf
J-D
,—2000
1982
2010
1961
4 Vis series E
•
29
*101 Va
J- J
?
General 4%s series D
Gen
M-N
1952
1973
1976
1977
—1990
C
series
1
102 '/a IO21/2
81%
M-S
■
82
—
Louisville
Realty & Utilities Corp—
1969
Goodrich (B F) Cq 1st mtge 2%s_1965
Grays-Point Term 1st gtd 5s—,—1947
A4s
k
*105%
J-D
stamped
82 %
9
'
36%
87
821/8
84
341/4
87
83
87
59%
-
831/a
2
85
30%
M-N
A-O
A-O
A-O
M-N
M-S
M-S
M-S
F-A
*
101%
1
M-N
5s_1951
—1965
Liggett & Myers Tobacco 5s,——1951
Little Miami gen 4's series A_J
1,1962
Long Island unified 4s
1949
101%
99%
67
60%
;
M-N
Lehigh Valley Terminal Ry ext
Lexington & Eastern Ry 1st 5s
100%
--
—
82
'
V
2003
2003
101%
85
F-A
J-J
—2003
—2003
2003
CO CD
98%
*81
- ■
.
75%
8
*82%
84
4%s ext_1950
Lehigh Valley Ry Co NY
13
*99% 100%
F-A
88
80
98%.
F-A
Guaranteed ref gold
Gas & Elec of Berg
103%
99%
97
*99%
—
5s______1954
Harbor Term gtd
Leh Val
94
105
3%
99%
13
96%
79
79
F-A
94%
87
99%
1961
deb,
100%
A-0
■;
1954
5s stamped
,,1954
1st & ref sink fund 5s
1964
5s
stamped,,,
1964
1st & ref sink fund 5s,__—_'___1974
5s stamped
.'
_____1974
_
102%
99%
1051/4
2%
2%
*94%
"
1st mtge income reg
113
89
187
104
100
J-D
1975
102%
180
105%
J-D
Lehigh Valley Coal Co—
1st & ref sink fund 5s
~5
112%
112%
L
& Mich Sou
106%
112%
59 'A
108
•
105
2%
105
M-S
121
100%
107
102Va
A-O
104%
M-S
—
36
91
M-S
—
*184%
A-O
Lehigh
69
89
89
89
J-J
*112 '/8
J-J
1
,,1959
106
67
—
J-J
68%
59
61
*107 '/a
,,1964
105
100
*52%
J-J
J-J
107%
.
~4
j
1st mtge 3s
{AKreuger & Toll 5s ctfs,,
119
1
122% 122%
J-J
—1997
4s
Firestone Tire
A-O
1961
i
Koppers Co
—
64%
67
J-J
1st
39
,x
_
Lake Sh
105%
J- J
cons
102% 103%
101% 105
104%
104
123%
122
■
101%
100 %
1
Erie Railroad Co—
1st
104 Va
103 %
1961
Kings County El L & P 6s
94 y2
15
*105% 106%
105
105%
M-S
1965
stamped
Gen
1051/4
A-O
.104%
104Y8
_
4%s' unguaranteed
110%
15
119
119
M-N
1965
El Paso & S'western 1st 5s
*
1041/2
6
1961
Plain
104
—
105% 106
105%
M-N
67%
12
30%
30%
109%
■—
100% 101
J-J
109
'
.
A
East Tenn Va
105
7
1041/8 104%
*101
A-O
31/2S registered
Lautaro Nitrate Co
Ed El 111
100
104% 104%
Kgnsfis City Terminal Ry 2%s—
,,1987
Kentucky Central gold 4s
Kentucky & Indiana Term 4%s— ,,1961
,
69
*68I/b
J-D
1965
3 Vis
M
1st
„
106%
62%
*107% 108
gold 4s
Detroit Term & Tunnel 4 Vis
Chemical
105v4
1041/4
J-D
mtge 4s ser A
Stamped
107%
—
1071/8 108
A Second
Dow
A-O
City Southern Ry 1st 3s_ ,,1950
Kansas
108%
105%
14
*108% 1091/4
<
J-D
3s series
ref
&
gold 4s ,,1990
102%
103
103% 103%
J-J
Power & Light 2%s, -,1976
Kansas City
71%
71
--
105% 106
)*__ --108%
A-0
1965
series F
4s
71%
*701/4
H
,,1970
Detroit & Mackinac 1st lien gold 4s 1995
Gen
Kanawha & Mich 1st gtd
59 Vi
38%
152
45 y2
89%
81%
1st
J-J
1993
int)
ref mtge 3Vis
Gen &
&
93
77%
14
*1031/4 104
109%
—1974
fixed
(3%
mtge
M-S
27As
Laughlin Steel 3'As
62%
108
37
83
43 y2
45
Apr
2018
contingent
Edison
Detroit
49
1
Lake—
Salt
<Ss
80
High
K
82%
83
J-J
1993
contingent int)
Denver
J-D
1970
1961
Jersey. Central Pow & St
Jones
A-O
Low
West RR—
Denver & Rio Grande
1st
3s__
Light
&
Power
James Frankl & Clear
58%
79%
,1959
1st 4s
90
42%
8
••
53 Vi
52 y2
108 y2108 y2
108 Vi
January 1
No.
High
79%
Range Since
Sold
Bid & Asked
Low
77 y2
25
Bonds
Friday's
or
__
43% '45
53 Vi
1 2042
1973
May
4-6s
Stock Exchange
York
New
Sale Price
High
Low
No.
High
*76V*
M-N
M-N
_w.—„—1973
,,,
1993
January 1
Last
Interest
Period
BONDS
Range Since
Sold
Friday's
Low
1st & ref
Bonds
31
RECORD
BOND
YORK
NEW
(3191)
FINANCIAL CHRONICLE
*__
86%
103%
78%
83
87
THE COMMERCIAL & FINANCIAL CHRONICLE
(3192)
32
YORK
NEW
FOR
RANGE
Friday
Interest
A 1st
Cons
RR
&
impt 5s
Y
Central
—
*80
89%
A-o
—
'■—1998
2013
2013
series A
series C—
High
82
Range Since
BONDS
Interest
Last
Sold
January 1
New York Stock Exchange
Period
Sale Price
NO.
Low
•79
__
High
89
89%
*87% 100
8~6
•
—
97*%
86
2
95
Gen mtge 5s series B
Gen
F-A
68
65"%
68%
61%
815/a
A-0
69%
68
69%
128
64%
823/4
77%
75%
77%
105
72%
92 %
105
86%
J-J
3Vis
registered
New York Chicago & St Louis—
98
86
84
94
70
67
81%
73%
Pittsburgh
3 Vis
74%
62%
61
72%
*66%
F-A
♦
70
F-A
J-J
66%
«...
#
F-A
„
11
67
64%
—
A-O
F-A
Harlem
2000
Af-N
Mtge
Mtge 4s series B
2043
J-J
__2043
J-J
Dock
N Y &
N
Y
1st
gold
ser
4s_
gold 3 Vis
4s series A
Pitts
Lack
4Vis
&
West
series
series
4s
1st
1st
gen
5s
series
ANon-conv
1st
gen
5s
series
97
11
96%
101 y8
APittston Co 5Vis inc deb
3
101 %
103
Potomac
103 %
106
*103% 108%
103
11
66
104% 104 %
m-N
68
66%
68
Af-N
70
68%
70
Af-S
31%
33%
A Debenture
80
JACollateral
6s__
4s—
A General
N
4s
Y Power
N
Y
&
N
Y
34 Vi
27
27%
1st
cons
Gas
33
28%
102
28%
36
32
36
100
28
34
31 Vi
34
73
28
39
35y2
39
135
30%
51
A-O
58
54
58
222
53%
11%
10
11%
198
9
J-D
37V4
34 %
37%
159
29
99% 100%
9
tN Y Susqueiianna 6i
§ 1st refunding 5s
tA2a
M-3
gold
gtd
1993
4s
7
3Vis
1963
tATerminal
t§AN Y
1st
West
&
North
mtge
&
gold
5s
Gen
&
ref 4Vis
3s
&
impt
Af-N
ts
Ref
12
10%
10%
5%
104%
Revere
A-O
37%
A-O
134%
Gen
77
mtge 4%s series D_;
series H
mtge
mtge
M-S
9
102
8
108%
33%
43%
136 %
126 %
126%
128
128
103
100
L Rocky
109%
1st
113%
99
M-S
mtge 4s
62
24
90%
101
A 2d
24
92%
104 *
§ A 1st
96
97
30
'9?'
103%
A-O
1013/4
100% 1013/4.
*102
99%
89
103%
1st
72%
103%
103
103% 103%
104%
3s
1974
M-S
:
1975
A-O
1975
F-A
*101
101%
101
103
A__1960
A-O
106
106%
105
106%
107
107
5
107
12
19
5
105%
107%
11
101% 101%
99%
1043/a
108
110
108%
110
—
M-S
46%
16
41
8
8 Va
5
8
13%
1941
J-J
8%
9
2
8
153/4
104% 105
13
1971
46%
bond
4s
4s
44%
52%
§AShort
St
Paul
Union
V
&
N
Air
1st
mtge 4s
843/4
83%
85
449
79%
92%
47%
45
47%
232
37%
57 Va
M-N
2
100 Vi
100%
103%
100% 101%
J-J
J-J
1990
J-J
94%
cons
J-D
—
gold 4s_1968
City—
gtd 4%S
1941
A-O
1989
*83%
100
F-A
1971
gtd 4s
M-N
95%
77
35%
*1293/4
.
—
100
—
—
44
32%
106%
—
106%
130%
—
__
88 %
102%
79%
35
—
104%
83
71
<«.«•
34
130 3/4
100%
J-J
63%
1013/4
99%
t§ ASilesian-Am Corp coll tr 7s
Skelly Oil 2%s debs
Socony-Vacuum Oil 2%s
1941
F-A
1965
J-J
1976
J-D
South
1963
A-O
1979
J-J
1985
F-A
1994
J-J
1977
Af-8
97
gtd 5s
«...
99%
—
37
993/4
62%
64
181
58%
76%
96%
J-J
2016
A-O
RR
85%
101
*112
*1063/8
—
J-D
Nor Ala
94
33%
__1996
(Jos E) & Sons 2%s debs_1966
Union Oil 2%s debs
_1971
&
100
Co—
RR
A
ser
100%
97
m-m
—
92
90
—
J-J
1952
Depot 3Vis B
E
Line
*99%
—
J-J
Nov 1989
5s
gold 5s series A
RR
—
90
84
109
1989
ctfs
unifying
Line
J-J
*__
105%
104%
84
..
1997
bond
&
A-O
2022
certificates
inc
term
J-J
1955
A
MS
1996
Shell
J-J
12%
94
103
J-J
Seagram
12%
8
—
1949
St Paul & Duluth 1st
104%
102%
17
95
1934
tSt Paul & Kansas
ser
103%
1st 4%s_
ser
AGen & ref
61
76%
1948
Oregon-Washington RR 3s
237
102%
r—
*108%
2nd mtge 4%s ser A
tSt Louis-Southwestern Ry—
97
F-A
M-S
Mt
93%
60%
1
1969
1996
96
——
i
1975
2%s
164%
*105%
3s ser A
1st gold 5s
Power
913/4
J-J
j.a,o
Electric
&
108%
•
237
*105%
M-S
& P 5s stpd
St Louis-San Francisco Ry Co—
tOgdensburg & Lake Champlain Ry—
Gas
108
162
—
*128
MS
AGen mtge 4%s ser A
Oklahoma
108
stpd
4%s stamped
& Adir
62
J-J
—1974
St
128
101
67
M-S
1967
gold 6s
93%
Q-A
2047
2d
633/4
65%
95
1967
4s
RR
65%
J-J
2047
51
Saguenay
St Lawr
1st
Ohio Edison 1st mtge
1st mtge 2%s
111
109%
20%
132 %
*98
4s
3
109
42
102
2047
t§ARutland
Scioto
guaranteed
17
—
•V
85%
34
*121
——
15%
Seaboard
A 1st
100
*"
*102% 104
„1977
3Vis series I—
3Vis series J
t§ AR I Ark & Louis
40
37%
34%
1960
mtge 3%s
Gen
134% 135%
I
mtge 2%s
1st mtge 2J/4S
107%
15%
*102%
Af-N
Copper & Brass 3 Vis
Gas & Elec Coip—
Gen
85
*__.-129
103
1st
*237%
101
Rochester
107
9%
10%
Q -J
5s series D
Coll trust 4Vis
Northern States Power Co—
13%
*161
Af-N
tARut-Canadian
108% 109
Q-J
impt
108
98%
106%
R
Reading Co 1st & ref 3%s ser D__1995
14
103%
29%
93
Q-F
series A_
J-J
47%
105%
6
12
M-S
1997
Ref & impt 5s series C
(Minn)
*10
<•
2047
4Vis
J,
&
F-A
,__1997
registered
Ref
59
34
Jan 1 2047
3s
16
„
104%
34
1974
registered
lien
30%
J-J
2014
.
4s
3
102%
62
*__
-1974
series A
108
Af-N
J-J
J-D
1964
Oats 2%s deb
1U3%
MS
1st gold 4s_1996
ref 5s
Northern Pacific Railway—
Prior lien 4s
General
61
f-A
1946
Co—
inc
&
gen
52
8
Quaker
Gen
1966
conv
Western Ry
Central
3%
105 Vi 105%
J-J
1943
1st 4Vis
Ry
5s
95
3
A-O
1940
Bost
Southern
A Gen
Norfolk
9%
*103% 103%
J-J
1937
Niagara Falls Power 3 Vis
Norfolk
9%
99%
J-J
1937
t A General gold 5s
—
100% 101
20%
Western Rjtt—
4Vis
*118%
76%
M-N
1972
2037
2037
5s
103
42
J-J
102
*125
43%
J-J
91%
127
1
43%
Af-N
91%
73
102
*—
92
73
--
80
41%
36
'/•"is
1st
*112
84
80
75
41
34%
31%
m-a
Corp
F-A
*78'/a
102
—
1
110% 110%
ref mtge
31
J-D
Putnam
Steam
*106%
«...
80
*—
ref mtge 8s
31Vi
1955
N Y State Elec
J-J
J-J
__1968
1st & ref mtge 3s_
36
m-N
A
J-D
F-A
J-D
J-D
80
Af-3
1st &
34%
Light 1st mt<?e 234s_197s
&
105 Va
J-D
A-O
A-O
J-J
43
34%
Af-3
_June 1992
ref 4s
West
105%
102%
1956
4s
Terminal
85%
A-O
1954
JAN Y Ont &
102%
*8
28%
J-J
A 1st & ref 4Vis series of 1927
1967
t A Harlem River & Port Chester—
1st
103%
6
7
Af-N
68%
1957
trust
4s__
100%
102% 105
102% 105
102 3/4 103%
1957
8
1956
AConv deb 6s
ADebenture
Vis—i
29
1956
3 Vis
3%s
M
Public Service El & Gas 3V4s
1955
„
certificates
5
102%
tAProvidence
110
Vi
1940
ANon-conv deb 4s
1st
Pwr
1st &
1947
:
1023/4
t A Providence Securities 4s
.
2
El
1st mortgage 3
1954
3Vis
ANon-conv deb 4s
103 %
1964
C
1948
deb
ANon-conv deb 3Vis
103%
-1966
B
97 Va
1947
-
127%
94%
102%
-1977
101%
90%
1973
B
110
21
1948
1962
1974
1977
95%
6
tN Y New Haven & Harford RR—
ANon-conv deb 4s
9
95
__
102%
1959
4s series A
gen
3
1973
A
94%
125%
Ypungstown & Ashtabula Ry
95%
*113%
.
100% 111
*103%
High
110
8
1960
91
102 Vi 102%
——
100%
Low
1958
1st gen 4%s series D
Connecting RR 2%s
Y
No.
J-D
J-D
mtge 4Vis series C
96%
97
1951
Y
110
Range Since
January 1
Sold
J-J
mtge 4%s series B
1st
1
B—_1975
N
N
Bonds
High
1950
1950
__1965
4%s
90%
—
Friday's
Coal—
Consolidation
debentures
Pittsburgh & West Virginia Ry
1st mtge 4Vis series A
1st mtge 4Vis series B
i
A-O
100
J-D
A-O
A-O
M-N
1975
1975
E
ser
95%
J-D
1986
mtge 3s ser F
or
Bid & Asked
77
F-A
1980
E
ser
86
1998
1998
3 Vis—
44
87%
«
1998
1998
registered
Lake Shore coll gold 3 Vis
3Vis registered
Ref mtge 3Vis
3%s
mtge
Pitts Steel 1st mtge
1st
86
Week's Range
Low
Pgh Cine Chicago & St Louis RR—
Gen mtge 5s series A
1970
A-O
1997
1997
3Vis
Mich Cent coll gold
13
Friday
Bonds
Hudson River RR—
&
JUNE
Pittsb Coke & Chem 1st mtge 3%s_1964
General mtge 3Vis
1st
Friday's
—
—
impt 4 Mi8
&
or
Bid & Asked
Co—
series A
4s
Ref
Ref
N
1954
deposit
of
York Central
F-A
-
series A
5 Vis
A Certificates
New
deposit
of
A Certificates
RECORD
ENDING
Week's Range
Low
1956
series D
4Vis
Sale Price
Mexico—Continued
New Orl Texas &
A 1st
Exchange
Stock
Last
Period
BONDS
York
New
BOND
WEEK
Monday, June 16, 1947
97
9
94%
97%
48
98 V8
100% 101
98%
*_,
993/8
72
99%
93
74%
102 %
*1023/8 103%
99
47
99% 100
*126
103%
1003£
126
126
—
Southern Bell Tel & Tel Co—
3s
debentures
2 Vi s
Southern
1st
&
ref
3Vis
series
I
1966
J-D
1st
&
ref
3s
series
J
1970
J-D
1st
&
ref
3s
1st
&
ref
&
ref
3s
1st
&
1st
&
series
3s
1st
Pacific
ref
2%s
3s
ref
Tel
1971
1974
J-D
N
—1977
P_.
1981
debs
1985
debentures
Paducah & 111 1st
Paterson
1986
f
s
gold 4Vis
& Passaic G & E
Pennsylvania-Central
3 Vis
inc
conv
Pennsylvania
Gtd
trust
E
Glass
Pennsylvania
Power
ctfs
J-J
Gold
San
31
3
107
109%
1st
102% 102%
2
102
104
1st
23
101%
104%
1st
105% 105%
14
104%
106%
104
104
106
106%
107%
*104%
A-O
Sand 3Vis
&
Light
*105% 110
51
51
55%
50
51
1960
Af-N
107
J-D
107
5
106%
*100
1975
A-O
1965
A-O
1948
Af-N
105%
105% 105%
gold
4s
sterl
4s
stamped dollar
sinking- fund 4Vis
Cons
General
4Vis
General
5s
General
...
4Vis
Gen
mtge
Conv
series
1948
106%
1033/4
105
4
102% 102 U
9
102%
102% 102%
3
102%
F-A
120
1
118%
120
106% 107%
90
104
110%
111% 112%
25
101%
101 Vi 102%
39
1984
E
112
A-O
F
J-J
101%
101
101%
55
100%
100% 100%
42
A-O
90%
Peoples Gas Lt & Coke ref 5s
90%
1947
M-S
Peoria
100 Si
100 n
1960
A-O
66%
67
15
15
ext—
AIncome 4s
Pekin
&
Apr 1990
Ry 5ViS—1974
Union
Marquette Ry 3%s
ser
D
1980
Apr
•
15
F-A
series
5s
—1974
104%
F-A
J-J
1961
23/4S_„
&
ref
&
ref
2Vis
1st
&
ref
2Vis
A
Certificates
of
__
104% 104%
;
s
f 4s
J-D
M-N
104%
M-N
104%
,_1981
1937
gtd 4s
series
*
*
"
-
/u«,o
23
118%
A-O
94%
A-O
A-O
112%
1956
94%
89 Vi
94%
128
103%
91
95%
109%
109
24
103%
116%
111% 112%
5
110%
121
116
2
115%
93%
108
116
117
104%
105%
A-O
104%
A
Apr
*44%
1996
gold 4s
__1951
Spokane Internat 1st sold 4%s__?r>i'*
Standard Oil of Calif 2%s debs
1966
Standard Oil
&
118%
Co
Terminal
2%s
J-J
1972
99
F-A
1966
:
debs
*105
M-N
1971
deb 2%s
(N J)
120
120
'
Assn
J-J
103%
56%
104%
106
99%
*—
102
45 V,
106 Va
50%
102
99%
98%
102%
102
24
101 Va
103%
101%
103%
127%
129
104%
10
106%
St Louis—
of
101
101%
Texas
12%
753/4
'
.
"
2019
&
Orleans
New
1043A
Texas
&
Pacific
1st
Pacific-Missouri
Third
Ave Ry
2
*102% 105
,
130
130
120
■
126 Va
106%
108%
103%
105%
103% 104%
11
103%
"
104% 104%
•5
102%
103%
104% 104%
9%
10%
20
96%
1985
J-J
1974
rioo%
97%
*135% 137
J-D
J-D
107%
22
98%
103%
16
103%
13
103% 103%
103
2
30
103
136 Vi
130%
;>!
'.
104%
/•; 101%
11
i
•
Tri-Continental
Corp 2%s debs—1961
90%
88%
90 %
54%
48%
55
98%
J-J
A-O
J-D
Af-8
97%
98 %
Af-S
1st ref 4s
__1960
income 5s__
;5
99%:
96
;
—
<
Jan 1960
Tol & Ohio Cent ref & impt
14%
9%
223
5
104 •
103
;
*105% 106 Va
*101
101%
70 /
47%
100%
96
,104
,'
100% (0
88%
105%
i.
101 /
J
V
102
111
.f!
«i|*
104%
100%
112%
104%
U
11%
103%
99%
*103% 104%
F-A
*102
J-D
*—
110
106
106
Af-N
*—
114%
115%
115%
118
121%
2%s
11P
pf»f
i960
F-A
1963
JJ.
106%
104%
9
„
23
105%
2
12'
100
A-O
2000
3%s„1960
Elec 1st gold 5s
1949
AAdj
106% 107
105%
*8
F-A
"l
„
*105% 106%
106%
Pacific—
Orl 3%s
New
A-O
1990
gold 5s
Gen & ref M 3%s ser E—
RR of
A-O
Af-N
RR—
ref M 3Vis ser B
1st &
1965
1970
1
J-J
1985
Ref &
1st & ref M 3%s ser C__
39
106%
H 00
■
128
RR
Ref &
*—
F-A
*118
Af-N
*118
1QR4
91%
88
102
1957
F
Page
82%
30
7
J-D
1949
T
ooc
20
93%
6
1953
:
Cons gtd 4s series G
Cons gtd 4s series H
Cons gtd 4 Vis series I
'
J-D
J-J
deposit-
Cons gtd 3Vis series E
2
83
106%
103
1st
Div
Imp M 4s ser C
imp 2%s series D
Texas Corp 3s deb——
59
22'
108% 108%
1974
Phillips Petroleum 2Vis debs—__ 1964
Pittsburg Bessemer & L Erie 2%s__l996
Pgh Cine Chicago & St Louis Ry—
Cons
120
1967
:
:
t§APhilippine Ry 1st
—
1971
2Vis
1st
J-J
1956
series A
118%
106
*_i
J-J
1st
88
118% 119%
J-J
Trenton Gas &
—1977
ref
105%
104% 104%
Term
series C
&
98
100
83%
28
82%
,
J-J
J-J
Texas
B
General gold 4Vis
& gen 6s
83%
60
91%
92%
1994
5s
4s series A
103%
100 ii
*106
Af-S
Philadelphia Co coll tr 4 Vis
Philadelphia Electric Co—
1st
Devel
103
91
106
88
82%
1956
gold
cons
99%
Phila Bait & Wash RR CoGeneral
1st
90 %
6
14%
100
2
Pere
J-J
89
106
1961
100%
,
7
Peoria
J-J
1996
88%
102%
125%
J-D
1981
1952
4s
97
903/4
171
97
118%
J-J
Eastern
903/4
95 V4
103%
106%
1985
&
1043/4
92%
122%
—1968
series
109%
101%
—
104
Af-N
D
ser
90%
Af-N
A-O
1986
mtge 2%s ser G
gen
107
19
Co—
Sunray Oil Corp 2%s debs
J-D
3Vis
mtge 3Vis
RR
&
Swift
1965
B
series
Pacific
Ry
20
107
101% 102%
91%
Southwestern Bell Tel 2%s debs—1985
108
104%
104% 104%
102%
Af-N
1950
mtge 2%s ser E
mtge 2%s series F
Southern
—
1981
1969
1st 4s__
Devel & gen 6%s series A
Memphis Div 1st gold 5s
—I960
A
series
4Vis
deb
Gen
Southern
67
105
45
A
4 Vis
Fran Term
Devel
104%
Pennsylvania RR—
Consol
109%
107
101%
Co—
(Oregon Lines)
St Louis
107
Co—
debentures
f
105%
Af-3
1952
1st mtge 3s_.
s
A-O
5s_1949
109%
109
Airlines—
debs
Pennsylvania
3s
J-D
1960
cons
107
107
Co—-
series
4s
1955
2
14
102% 102%
102%
Ry 1st mtge
Gold 4Vis
4Vis
107% 108%
108% 108%
J-D
2%s
1st
107%
108 Vi 108 Mi
J-d
series
Tel
109
106 %
3
107% 107 Vi
107%
Pacific
108%
107% 107%
J-D
1979
*109
J-D
L
M__
series
2%s
&
K
series
series
«.
debentures
Southern Indiana
Pacific Gas & Electric Co—
*-L.'
100
Union
Electric
Co
of
Mo
3%s
1st mtge & coll tr 2%s
t§AUpion Elev Ry (Chic) 5s
.
121
Union
2%s
Union
119
....
hp
Oil
of
Calif
3s
deb
1967
*24%
-
1976
2'As
series
C_
Af-8
97%
a
1
97%
26
97%
102 %
102%
104% 104%
F-A
—1991
14
*103% 104
J-D
35 Va
105%
104%
34 Vi
—
104% 104%
J-J
,
103
*104
A-O
A-O
1945
RR—
debentures
m+ap
*111%
Af-N
—1975
1970
debentures
Pacific
1971
103%
97
,
■
w
106%
98%
i •'
Volume
Number 4603
165
(3193)
NEW
YORK
RANGE
FOR
BOND
WEEK
33
RECORD
ENDING
JUNE
13
Friday
BONDS
New York
Stock
Interest
Last
Period
Sale Price
Exchange
or
Friday's
Low
United Biscuit 2%s debs
U
S
Rubber
2%s
.1966
2%s debs
debentures
A-O
.1976
.1959
Universal Pictures 3%s debs
M-S
No.
102%
98%
A- O
Sold
High
*101
M-N
-1967
—
Bonds
Bid & Asked
Range Since
Low
99
New
103
98%
100% 100%
9
100%
100 %
5
100'/a
s
Virginia Electric
&
Power
102 Va
108
1975
a-s
104
5s__1949
1041/8
M-3
100
100
2003
J-J
*107
A-O
*__
M-N
105% 105%
1021/8
26
89%
88%
88
1960
M-S
85%
84%
1951
M-W
El & Mfg 2%s
debentures
Shore
1st
1971
4s
&
ref
Erie RR 4s
M
2%s
111
106
106%
Jan 1981
811/8
G & W 2%s debs_1966
Walworth Co conv debentures
3%s_1976
Ward Baking Co—
M-N
A-0
105%
991/2
25
98%
Gen
94
105% 10S
4
50
1
107
Deferred
1
108% 108%
11
1021/2
102
41
102%
101% 101 %
included
60
not
Service
5
7
65%
35
62%
8'
J -J
Af-N
72
—
70
72%
*—
—
83%
16%
*_
112
'
|
——
17%
30
■
*—
—
1976
1971
3'As
J-D
J-J
21
103
57
76'/a
55%
72%
105
106'A
102%
101% 101%
106
103%
105%
117
117%
60
82%
66
69
15%
23%
18
—
10
«»«•
19
100%
102
109
109'A
100
*109
—
103
104
40
*116
•
—
100%
*105% 106 Va
103% 104
—
--
101%
101%
100
—
*__
90 y4
_1976
103
109%
107%
ioi% 106%
16
101%
the
year's range,
in
the
n
in
*99
100
101%
the
year's range,
d Ex-Interest,
e Odd-lot sale
not
Under-the-rule sale not Included in
the year's range,
r Cash sale
year's range,
pound unit
113%
106%
108%
in
included
J-J
delivery sale not included
y Ex-coupon.
§Negotiability impaired by maturity.
tThe price represented Is the dollar
quotation per 200of bonds.
Accrued Interest payable at the
exchange rate of $4.8484.
JCompanies reported as being in bankruptcy,
receivership, or reorganized under Sectfon 77 of
the Bankruptcy Act, or securities assumed
by such companies.
101%
113%
107
108%
May
107%
50
102
*113% 118
J-D
105 %
100 i5
„
*102% 103
J-J
Public
87
62 Va
—
A-O
1949
90
75
64%
—
J -J
1936
76%
90
*105
Af-S
1958
57
86%
65%
M-S
1970
89
62%
M-S
1960
79%
101% 101%
102% 102%
102%
■
High
22
100
50
A-0
-
C
4s
Yonkers Elec Lt & Power 2%s
100%
26
*100%
F-A
Low
92%
102%
95
F-A
J-D
1st
A Certificates
of deposit—
§ASu & Du div & term 1st 4s
A Certificates of
deposit
Wisconsin Electric Power 2%s
a
Q-M
mtge 3%s
*
1967
West Penn Power 3%s series
1—1966
Western Maryland 1st 4s
__1952
Western Pacific 4%s Inc ser
A___2014
80%
95%
94
95
January 1
No.
94
26
10
96
99%
M-N
1st ref gtd gold
3%S—2000
Washington Central RJ' 1st 4s
1948
Washington Terminal 2%s ser A__1970
Westchester Ltg 5s stpd gtd
1950
80
81 %
95'/2
1970
Warren RR
85
81
Apr
(Hiram)
5%s debs (subordinated)
*81%
Apr
1971
B
J-J
1992
A
mortgage 3s
S
J-J
1949
series
^Wisconsin Central Ry
§ A 1st general 4s
Wisconsin
Apr
Jan 1991
1st
Winston-Salem
W
Wabash RR CoGen mtge 4s Inc ser A
Gen mtge inc 4%s ser B
1st mtge 3143 ser B
;
M-S
2361
2361
guaranteed
Range Since
Sold
89%
Wilson & Co
100 %
104%
Bonds
High
89
Gen
104%
100
102%
109
103%
Friday's
JW-N
Wheeling & Lake
109 %
107%
1
1995
B
ser
30
or
Bid & Asked
J-D
Wheeling Steel 3%s series
1958»
Virginian Ry 3s
Walker
*108
Co—
5s
cons
F-A
1957
1st & ref mtge 2%s ser E
Va Iron Coal & Coke 1st
gold
Va & Southwest 1st
gtd 5s
1st
1955
Sale Price
1951
5s
Registered
series A
Last
Period
25-year gold
30-ycar 5s
West
RR cons g 4s
f 4s series B
Week's Range
Interest
•
Funding & real estate 4%s__;—..1950
2%s
Cons
i
Exchange
Western Union Telegraph Co—
100%
Westinghouse
Vandalla
Stock
Low
V*
14
101% 102
N
101%
York
High
102%
Friday
BONDS
January 1
JFriday's bid and
106
ABonds
asked prices;
no
sales being
transacted
during current week.
selling flat.
NEW YORK CURB EXCHANGE
WEEKLY
NOTICE—Cash
in
footnote
a
in
and
the
deferred delivery sales
week
in
which
they
are
disregarded in
No
occur.
account
is
the
AND
YEARLY
RECORD
week's
taken
range unless they are the only transactions of the
such sales in
computing the range for the year.
of
In
week, and when selling outside the
regular
weekly range
are
shown
the following extensive list
we furnish a
complete record of the transactions on the New York Curb
June 7, and ending the
Exchange for the week beginning on
present Friday, June 13. It is
Saturday,
compiled from the daily reports of the Curb
whether stock or
Exchange itself, and is intended to include every
bond, in which any dealings have occurred
security,
during the current year.
RANGE
Friday
Week's
Last
Range
of Prices
Shares
Par
Low
ACF-Brill Motors warrants
Aluminum
Acme
Wire
Adam
Co
common
Hat Stores
Aeronautical
ZZi
Alloys
1
—
Products
Inc
Supply Mfg capital stock
Agnew Surpass Shoe Stores
Alnsworth
Air
Mfg
commo
convertible
_2%
—3
Great
11%
Power
Southern
Int'l
Allied
Products
Altorfer
$3.75
Co
4%
of
82
4%
Goods
Industries
7%
Class
Ltd
common
Beverage
1
common
Co
$2
&
51%
~5%
5%
10
common
41%
40%
10
..
100
58
1
American
(<
Metal
Meter
11 (
/
it i
1,
*,
2%
?
1
14
14
31
20%
1,600
29%
29%
100
1
•
Republics-
14%
14%
3
2%
j
A
common
common
non-voting
Fisheries..
page
Apr
2% May
16% Mar
3%
18;500
4%
Feb
500
15
Jan
20%
300
35
Jan "
44
Jan
34
1,300
18%
19'A
2,500
4%
May
29% May
16% May
37.
8%
6%
4%
4
—
—
6
4%
8,700
May
5% May
9 % May
500
6
Feb
11
Apr
3% May
16
—
5 A
Feb
6%
Jan
13
6%
Feb
19%
Jan
7%
Feb
20%
Feb
Jun
8% Mar
24%
Feb
23
Jan
1%
1%
100
——100
*
Furniture
1
(S)
*
*
& Co new com
(H C) Co common
1st preferred
Traction
Lgt
St
Pwr
.
Corp common
Aeronautical
Jan
May
Apr
151
180%
Feb
35%
Feb
2%
Jan
31
Feb
23
1%
1,500
May
1% May
8%
8%
300
19 % May
7% May
11%
6% May
11%
1%
—
3
3%
551/8
3%
11,000
55%
150
8
150
19%
4%
25%
3
25%
123%
80
24% Mar
4
May
55 %
Jan
7%
Jun
300
45
122
123%
1
8
44
—
•
1
Bourjois Inc
3%
1%
--
100
25
•
-—
Co
Scrymser
180
16
Fdy St Mach Co com_*
-3
Apr
May
1% May
■
165
,—1
common
Steel
161
I65
—•
common
preferred
Gay
1,300
7
6%
6%.
4% May
1
Apr
May
400
.
.,
6
300
5%
—
"3%
"3%
10
May
37% May
116
Jan
Feb
Jan
56%
14%
Jan
Jan
15,
Apr
55
Jan
132
50
May
24% May
37
Feb
14% May
17% May
17%
Jan
1,100
26
22%
Jan
Feb
Apr
18%
13
13%
19%
13%
1,000
13
May
20
4%
1,800
4
Jan
5
Apr
23
Jun
26%
Jan
4%
7%
7%
7%
800
6%
*5%
~6%
2,500
May
9'/a
Jan
Apr
7%
Jan
American
British
Celanese
Amer
4%
5%
5,500
4%
5%
25,700
10% xl0%
2,000
~9%
10%
800
11
11%
1,700
Jtl
~~% ~i
~6
Brown
Rubber
Bruce
(EL)
7%
Jan
10%
Feb
~6%
500
1
-3 0 0
1
Jan
10% Feb
% May
4% Jan
5% May
Feb
25
Jan
_£1
18
Jan
21%
Jan
Jtl
19%
Jan
20%
Feb
3%
Jun
4%
Feb
8%
Feb
6
Feb
5%
Feb
Burd
Co
Co
St
1
Distiller*-——
18%
2,100
6%
800
24% May
1% May
—1
common
18%
17
6%
-1
47-
Feb
26%
Feb
10%
11
1,400
10% May
12%
Feb
17%
16%
17%
1,400
15 % May
19% Mar
10% May
14
12,100
3,200
1
May
3% May
12'A May
7
Feb
13
Jan
-
1
1%
4%
Corp
—
Feb
Feb
Jan
Jun
25'
_3JU»
1
(PH)
2% Mar
9
10%
-
-
Ring Co_,
Biscuit
21%
—
Sullivan
3%
Butler
27 % Mar
15% May
5% May
32
1%
Burry
.12%#
13
26#
common-
13
100
Apr
1% Mar
Feb
Mar
C
11% May
"9%
400
3%
Mar
11
3%
common
Pipe Line
Piston
Mar
1%
3%
3%
Burma Corp Am dep rets
11
12
Ltd—
Brack Silk Mills Ltd
Buckeye
Bunker Hill
114
14%
Tobacco—
•
Feb
10%
Feb
36
20% May
B
Forman
Jan
114% Mar
Jan
22
Jan
—•
Class
10 %
Jun
British Columbia Power class A.
5%
3% May
% Jan
110% Jun
9% May
100
6 % May
.10*
19%
10
18%
18%
dep rets ord reg——
May
Jan
125
18%
18'%
dep rects ord bearerdep rets ord reg.
3 %
4% May
3% May
23
A
Jan
X112
22%
33
Am
63
Class
16%
600
.
Bridgeport Gas Light Co
Bridgeport Oil Co_.
Brillo Mfg Co common-
Brown
~6%
10%
1
common
Am
Feb
—
9% May
15%
British
Feb
11%
400
16
Feb
9%
•
10'%
47% May
42%
Jun
700
common
Brewster
10%
37% May
40%
500
Feb
5%
1
&
Brazilian
10%
50
17%
Aircraft
St
Breeze
2,400
40%
1
Canada—,—;
Borne,
40%- 43%
16%
Jan
Jan
8
5%
Jan
Apr
15%
6%
7%
5
■
5%
27
37
16%
1%
Jan
5
—
Jan
Feb
British-American. Oil Co
5
*
Feb
24 %
31%
17%
Jan
300
•
16
50
16%
23%
42
6%
Feb
2.50
Feb
100
8
7%
—1
Feb
1,050
5
Jan
300
40%
—
1.
com
43
15,000
—
Ties
43%
1%
—
Feb
9
Apr
Jun
38
4%
J
Feb
32
Associated Tel St Tel class A
•
Atlanta Blrm & Coast RR Co
pfd—100
see
31%
32%
_1
American dep rects reg
Associated Laundries of America.
footnotes
28%
51%
—r_£l
1
For
Jan
1
—1
Oil St Refining Co
Associated Electric Industries—
Coast
24%
14'/a
Feb
37
Inc
Hedges
7%
Feb
1,000
43 %
300
Feb
7
Shoe Corp
Blumenthal
Feb
48
6%i preferred
-10
Arkansas Power St Light $7 preferred-*
Ara Equipment Corp
2.50
Atlantic
17
37%
20%
X19
34
2
Ashland
.
15
13% Jan
29% May
19% May
Apr
36 %
"A
62%
5% May
10% May
1
common:
Bohack
Jan
450
850
1%
1,
class
Jan
Jan
51%
5
Argus Inc
Common
51
11 Va
25
1
Blue Ridge Coup common
1
$3 optional convertible preferred—•
Blum (Philip) & Co Inc
1
May
•
—
Asm dep rets ord reg,
Gas
Apr
11
24%
35%
5
common
Inc,
& Co
Mills
(AS)
Birdsboro
Jan
3%
Corp
Seelig Mfg—
(L)
Blauner's
Feb
43%
49
Steel
Bickford's Inc
Jun
113
11%
—
Refractories
Berkey
Jan
10c
com
Ancgerman Co Inc common
Anglo-Iranian Oil Co Ltd—
Arkansas:-Natural
f
—2
preferred
American-Writing Paper
Another? Post Products
%
May
1%
1%
23
37%
20
10
Corp
2% May
44 V4
Jun
•
ApeJD-Eleo Manufacturing Co
—_1
Appalachian Elec Pwr 4%% pfd—100
J
t
2,600
47
•
Angostura-Wupperman
tt
2%
—
19%
2
American Seal-Kap common
«,»».<
Apr
30
25
St Chem class A
American Thread 5%
-
110 %
31
,
Co
Amer:: Superpower
{
150
20
Co
it/ ,$0 series preferred
t-
Jan
—
25
u:\
American
37%
2%
mrnrnm
—
/./American Potash
Class B
9,500
110% 111%
— -
39%
20
Products
Jun
38'A
25
preferred
American
19,300
25
St Trac common
American Mfg Co common
American Maracaibo Co
v
277,700
ft
Jun
400
36%
1
common
Benson
Jan
1%
Co
Bell Tel of
Jan
54%
May
6
6
Andes—
Convertible
7%
May
7/a
6
•
Co
convertible A
Bellanca
May
Mar
%
6
1
shares
Beau-Brummel
3% Mar
% May
17
los
&
Beaunit
Feb
4
500
200
25
——30
Rubber
de
$1.20
Beck
40
18
Baldwin
Banco
Basic
Feb
50
%
5
common
preferred
1%
Bauman
25% May
52
500
6'/a
Locomotive—
Baldwin
Barium
Feb
195%
90
24% May
28 V2
6%
•
High
Apr
3% May
50
B
Barlow
Feb
2,200
1
Rubber Co
Jan
17%
39'A
21
18,200
6
—
preferred
Laundry Mach
American Light
300
Jan
105%"
5
Sons
Wilcox
Babcock St
American
2% May
2% Jan
200
52
11%
43%
%
%
common—10c
preferred
convertible
American
6%
Electric,
General Corp
American Hard
2%
161% May
70
1
Gas
450
1,400
2%
2%
25
'
convertible
$2.50
175
14,100
27%
Jan
Jan
Jan
Jan
2%
9
6%
Feb
Apr
5%
•
Feb
80
18
4%
100
Jan
25
19
Low
52%
Feb
5%
Jan
100
171
4%
38
May
200
St
Machine
Range Since January 1
High
51
Feb
Feb
24
Light—
1
12%
23
20
Voting
Avery
Jan
23%
100
preferred
American
Feb
1
American & Foreign Power
warrantsFork & Hoe common
•
4%%
102%
2%
American
American
48 %
200
Automatic
6% preferred
Ayrshire Collieries Corp
Jun
5,500
52%
6%
Feb
Jan
15
Low
-50
28%
Feb
5
58%
300
Shares
Products—.
3%
108
Jun
for Week
5%
Automatic
(B F)
Sales
Range
of Prices
warrants
,
Jan
Apr
7%
Co—
3
May
18
—
i
11% Feb
15~
Week's
Last
Sale Price
Exchange
Plywood Corp
3
54%
174%
Co
Cyanamld Co
w
Atlas
104%
20
Car
Corp
Mar
100
Line
Atlas
92
13
B
Rights
7%
Coast
Feb
Jun
3,800
'
common
American Cities Power St
Class
A
American
75
81
103 % 103%
58
100
Mfg
Bantam
Book
30
18
—
American
100
106% 106%
5
3%
—
5
common
preferred
Aluminum
American
1,000
82
pfd
common..,
America
Aluminum
American
5%
5%
5%
—--
May
2% Jan
4% May
4"% Jan
Atlantic
28% Mar
10"% May
7% Jun
3,400
Curb
Par
Jan
12%
2 % May
35
"3
*
common
cumulative
Aluminium
400
"2%
100
conv
(Mich)
Co
100
7%
5%
6% May
2% May
1,000
York
High
May
6 % May
23
Jan
3 % May
~3
—1
—1
Investing $3
Bros
Aluminum
pfd
Inc
common
Allied
n%
7'A
7%
-50
Alabama
Airlines
3
-10
4.20%
3
200
10
50c
preferred
Air-Way Electric Appliance
Alaska
~7%
—2
Alabama
Alles & Fisher
900
New
"
—1
preferred
Corp common
Mfg
60c
"3
—5
(N J)
Convertible
Alreon
200
8
~6%
—
1
common
Associates Inc
Air Investors
13
Friday
—1
Aero
JUNE
STOCKS—
Low
3%
7%
8
-10
Inc
ENDING
Range Since January 1
High
3%
«...
Acme
WEEK
Sales
for Week
Sale Price
STOCKS—
New York Curb
Exchange
FOR
Electric Products
Jan
Cable
Feb
Cables
St
common....
Wireless—
American dep rets 5%
Feb
Calamba
80s
8%
8%
300
3%
Jun
4% Apr
3%' Mar
3% Mar
6%
8
c
pfd
Sugar Estate—,—-
£1
—J
Jan
Mar
FOR WEEK
RANGE
EXCHANGE
CURB
YORK
NEW
Monday, June 16, 1947
CHRONICLE
COMMERCIAL & FINANCIAL
THE
ENDING JUNE 13
Week's
Range
East
Exchange
of Prices
Power.
—1
Camden
Canada Bread
*
,
Conv
preferred
Class
non
B
voting
—
Jan
26
22
preferred
Canadian Marconi
10%
9% May
100
15%
Jan
9Va May
100
10%
10%
10%
15
Jan
Carnation
Co
Inc
45%
45%
'
Jan
20
32%
Jan
43 ya
Jan
49
Jan
Feb
118
Apr
20
Jan
25
•
Carreras Ltd—
Casco Products
Castle
Apr
11
Mar
100
9
Jan
50
30
11
2,400
10
Corp of America-
Catalin
3
Apr
33
33
33
Maine' Power Co—
Cent
Central Pow & Lt 4% pfd
Central & South West Corp——
distributed
When
preferred
Conv pfd opt div ser
Conv pfd opt div ser
Aircraft Co
Cessna
Chamberlln
Charis
B
97/B
-100
16 ya
53%
2%
1
11% May
23%
Jan
280
46
May
79
12
Apr
23%
33%
12% May
23 %
19% May
Mar
77%
Jan
15%
1%
275
14
May
15%
Feb
2,500
I
93
May
33%
54,400
30%
15%
2%
l7/a
Clayton & Lambert Mfg.—.—.
Clinchfleld Coal Corp
Club Alum Products Co——.
66%
13%
2,500
5%
600
4% May
4%
3,600
1,600
37/a
31
72 y4
28
Cent
Crown Cork
Crown
(Md)
Petrol
International A
Co
Drug
common.
Crystal Oil Refining common.
$6 preferred
———
5%
preferred
Lighting Inc common
Curtis Mfg
1,700
II,400
10 y4
1,000
1,100
3
Co (Mo)———
£
Jll
Dennison
8%
Mig
a
debenture i—
....
Derby OU Co common.
Detroit Gasket & Manufacturing,
Detroit Gray Iron Foundry
Devoe
Products
Steel
Detroit
(Peter) Brewing.
&
Raynolds
DistlUers
Am
Divco
Corp
41%
Feb
3% May
x6
May
11
Feb
Feb
26
May
9
% May
1 Va
Jan
9% May
15%
Feb
2%
14
Feb
4%
Mar
43
Jan
Jun
7%
Jan
6%
Jan
Feb
4%
Jun
36
31%
Jan
6%
29%
30%
5,900
1%
900
1%
9
9%
7%
500
8% May
14%
Feb
6% May
10%
Feb
6%
500
25%
200
16% May
1,700
3% May
3%
4
4
1
20
Feb
2% Feb
Apr
167/8
4
May
%
Apr
Apr
21
,
Feb
20
Feb
6V2 Feb
2% Feb
6 V*
Dobeckmun
Co
common.
Domestic Credit Corp class A.
Dominion
Bridge
Dominion
Steel
Dominion
Tar A
Dominion
Coal B
Chem
Co Ltd.
Textile Co Ltd.
Draper corp.
64
Feb
2%
1,900
1% May
2%
Jan
41%
25
40
Jan
43%
Jan
Jan
20
Jan
2
2%
41%
Jan /
22%
6%
18%
3,300
6%
Apr
17% May
5%
18%
5%
■:
5% May
1,800
20%
Feb
May
3
Mar
Jun
10%
Jan
Jun
31%
Feb
8,% May
x-
14 %
Jan
May
38%
2
7%
9
7%
200
22%
200
7%
21
200
9%
•
32
*
l.SpO
16% May
20%
Feb
12% Feb
6% May
850
&
18%
21% Mar •
Mar
19
."7
;
29
Feb
•
.100
5%
1
■■
—-
,
,1
,
Feb
12 y4
200
10% May
14% Feb
3
7%
"7%
9%
a*u>
8
100
10%
300
6%
Apr
8
38
Feb
9% May
150
13%
12
13%
3,400
10'A
10
1
2%
1
36
12
32
12
5
May
Apr
May
12%
155
Feb
May
13%
Jun
14
Feb
2% May
27
Jan
37%
Feb
100
2%
3%
11%
Jun
16
Feb
3,800
4%
Apr
500
2,100
36
12
5%
Feb
7% Jan
17%
JE1
700
14
15
12%
13
400
2%
3
700
%
12% May
12 y4 Apr
11%
12%
3,600
25 y2
100
ZZo
Feb
22%
Jun
53%
Apr
Jun
17%
Jan
29%
Apr
Jan
Jan
25
Feb
Jun
19 %
Jan
10
800
1%
1%
700
14% Mar
9% May
17
Jan
3% May
-5%
Jan
Jun
61 Va
Jan
32
Jan
49%
25
400
25 % May
60
101% Mar
104%
Jun
1%
78',100
% May
1%
Jan
Apr
45%
Jan
15 Va
Jan
in-.
.
44
7%
100
7 % May
50%
,
50
950
47% May
1,400
9% May
10% .12
7%
'
62%' Jan
17%
Feb
9%
Feb
Feb
100
7
May
700
7%
.
9% .10
^;io
-
48
26% 27
104y2 104%
9
May
14
75
k 95%
May
109
Feb
133 % 134%
90
133%
Jun
145
Apr
42
10%
T.550
39%
Jan
97V4
95%
|33%
41%
*42
10
iU
Jan
200
9% May
15%
Jan
111% May
114%
Feb
Feb
11%
Jun
15%
Jan
12% Feb
11%
25
10%
11%
44%
40
112
112
.
Dept
Ltd.
°
—
Stores oommon
Co
400
9
300
5% May
6
31
;
300
——$
800
-
13 V*
13%
800
8%
9%
1,300
11%
11%
12%
800
13%
9
11%
10
12
200
7%
13
8%
Feb
Jun
12%
Feb
May
500
9 % May
20
101% May
81
May
300
23%
—
10
5
1
10
21%
23%
2,400
50%
51
10%
100
9
5
5
3,400
100
Mar
17%
10%
10%
Feb
9
Apr
May
14% May
10%
9
10% May
200
8%
10
G M
4%' Feb
6% May
6%
8%
6%
Feb
5
2% May
2% May
6%
Feb
70%' Feb-
Apr.
102% 102%
Feb
8%
34% !Feb
May
100
r-
Hollinger Consolidated
Holly Stores Inc
28
55%
common
Jun
/v
30%
•
1
25o
*
*
Rubinstein
10% May
/m
5%
•
Class A
5%%
10
8
_
Feb
Apr
Jan
6% Mar
4% May
13%
18%
95%
25
common—25c
pfd
100
Alabastins.
*
17%
25%
106
110'/a
16
^12
pfd—25
1
—
preferred w w.
4% preferred ww
Henry Holt A Co oommon
Heyden Chemical common
Hoe (R) & Co class A
Feb
50
Jan
1,000
)';50%
.
Heller
Jan
Feb
115% Mar
13% May
8
Feb
48
Jan
98%
Apr
3,300
ib'
Tea—
Mining Co
Feb
79
2,300
.50
10
Light
2®
Hartford Rayon common
1
Harvard Brewing Co
1
Hat Corp of America B non-vot com—1
Hathaway Bakeries Inc
1
Hazeltine
Corp
-*
m u*
19%
May
May
Mar
16%
vl, 1%
Mfg oommon
Jan
39
4
May
112%
22
27
,iau.
jp.
Hammermlll Paper
Hartford Electrio
Feb
67
3
89
Mar
H
20%
94
20
;
Feb 1
96
Jan
16
x
.10
4%
Jan
•
100
15
7%
Hall- Lamp Os —
Hamilton Bridge Co
Hecla
May
•
Feb
25%
18% May
500
3%
93%
9%
A
A Pacific
Non-voting oommon
Helena
78
May
19%
A.'-
33%
24 y4
109
16%
$5 oonv
Rapids Varnish..,
Feb
19
Mar
Jan
9%
22
JTbo
Jan
2% May
33%
25 y2
Feb
% Jan
29
13%
Jan
10%
9
Jan
1,700
114
15
Jan
Apr
May
52% May
Mfg Co
Ino elass
Gorham
Gypsum Lime A
6JA May
6
24
104
"5% "5%
"5%
s
Jan
34 y2
.
93
114
1st preferred
Great Northern Paper
37%
Jan
Jan
7% May
.22%
93%
1%
May
32 %
14
!28
—
Gray Mfg Co
Great Atlantle
8
Apr
Jun
300
21
22
1,300
6%
27
""
preferred
Consolidated Mines.
Goodman
Jan
89
$4.50 prior
Jan
17
5% May
100
100
21%
-
Jan
107
7 % May
50
2Q0
1,300
49%
amammm
Grand
200
6"%
4%
X23 %
II
olass A—
Godchaux Sugars
Goldfleld
Jan
6%
2
110%
(Adolf) too oommon.
B
3%
100
6%
6%
>
GoaL
Glenmore Distilleries class B_
Globe-Unlon toe.
AMMWM
A#
Feb
May
300
2%
12%
1
*
Corp 00m
May
3% May
4%
23
.25
Graham-Paige Motors
6y4
18% May
Feb
Feb
7
4
29%
Glen Alden
■
104 y8
4
Supply Corp
Gladding MoBean A Co—
Gleaner Harvester Corp.
Class
19%
Apr
6% May
Co.
Gilchrist
V^aea
Apr
94
2%
2%
$6
Gobel
Feb
15
50
17
98%
.
4%
.1,
conv
VliOU
11%
3QQ
16%
98
.17
900
8%
8Va
!:■ 8%
Corp
Power CO
5% preferred.
Geilman Mfg Co common
General Alloys On
Garrett
Gatlnesu
Gorham
~9%
11
W
Jan
13,000
105% May
12
Co
Feb
23%
Co Ltd.
8c
45% May
12%
51
1/20%
33
25
21%
6y4
23 y4
28
—1
Jan
130
11%
1
26%
25
-10
(Geo A)
Fuller
Hearn
common
14
50%
ik 9%
Franklin Stores
convertible preferredGeorgia Power $9 preferred
$5 preferred
Giant Yellowknife Gold Mines.
Gilbert (A O common—
Preferred
—
Ltd—
Co
4,600
11% May
1,500
15%
-50
pfd
conv
General Shareholdings
16%
5%
dep rets ord reg—
Apr
12% May
Jun
6,600
25%
13%
Feb
167/a
Class B.
Feb
Feb
23%
^
Feb
•
Diana Stores Corp
9%
3%
21
1
too.
Feb
1,000
10
Apr
25%
2
21
.L25
19%
3 % May
6%
common,
Feb
30%
May
600
8,400
£ v.—
rets hearer.
Co
Amer dep
10% May
4%
Inc.
ci»m
Feb
2%
7% May
7%
.&>;
Ford Motor of Franco—
34%
11% May-
Mills_.
Brothers
Dayton Rubber Co class ADejay Stores
May
118 May
28
Feb
2%
E'X8%.
non-voting—
voting.
11%
D
Davidson
Jan
12
6
5,900
2y8
Grocery Stores Products
Gulf States Utilities 84.40
Davenport- Hosiery
Jan
18
Jun
4Va
3.80
0
2%
53%
7'A
41%
Apr
3,900
100
Feb.,
Jan
3
2 % May
600
3%
.100
——
Feb
12
Apr
Jun
7%
r
7%
4%
.8
Atlantic Sugar
,
Jan
500
12%
21%
7%
Cuban Tobacco common
Curtis
600
-
Jan
~8%
—
Cuban
63% May
-
9%
1
.25e
Jan
1%
2%
51
Jan
85%
5
,,
111
15%
83%
x7% May
I,400
ft
12
~9
•
Crowley Milner & Co
Crown
108
1%
30 %
1
Brewing Co
Jun
25%
Feb
6%
Croft
Crosley Motors Inc
101
43 %
9
158
43
Jun
Jan
9%
11%
3%
34%
Jan
AO
5
Mar
11,800
"l%
45
8%
pfd
Gen Electrio Co Ltd—
JI.
Amer dep rots ord reg
General Finance Corp oommon
1
5% preferred series A.
■
10
General Fireproofing eommoi
General Outdoor Adv 6* pfd.
UCUCi M
General (I/WVVW wweyy
Plywood Corp.
General Publlo Serrloe 86 prsfsrrtd—•
118%
100
3%
2%
~3%
Creole Petroleum
50
8%
Gen Builders
110%
2,200
12
10
(ord reg)—£1
dep receipts
Jan
200
1%
43'A
1%
J an
Mar
8%
Ltd—
American
Feb
Apr
45
80
45
Jan
68% May
7%
Hi
preferred—
convertible
Courtaulds
47
Mar
4%
23
75
105
May
15% May
2,900
47
Feb
Feb
21
Jan
3
200
,
Jan
7%
2% May
101
2
10%
Apr
115% Mar
1M
9
34% Jan
2% Jan
% May
1,000
,
\h
Zi
3%
21%
18%
47
Feb
10
200
2,300
1,200
class A
common—
2,800
148
May
Feb
1,600
2%'
9
'
'/a
7
4% Apr
i3G Jan
Apr
7
25
26%
3%
1
Jan
%
300
2%
28
%
250
8V4
Petroleum
4
3%
17%
8% May
115
390
5% May
Jan
30% May
23%
10%
*
3% May
26 %
12
3% May
25%
700
7%
%
34%
73%
116%
72%
7%
75
May
300
A
31%
1%
34%
3
1,600
41,800
4%
4
71
75
—•
5%
34
*
.5o
Cosden
13% Feb
9% May
5y8
Coolc Paint & Varnish Co
pfd
B
Franklin Simon A Co
12%
2%
Corroon & Reynolds
39,400
Apr
7%
common
21%
6% May
600
11%
130
125
4
Feb
71%
Coro
Jan
X7%
6%
10%
129%
Canadar-
Feb
9%
Feb
73%
Cooper Brewing Co
Copper Range Co
Cornucopia Gold Mines
9
46%
42% May
I 2%
rets ord reg.
dep
Am
Ford Motor of
Jan
90
Jan
Jun
4%
%
Machine Co.
Feb
11%
Ltd—
Fox
11%
1
Fdy &
Jan
14%
7%
Co
48
50
Fort Pitt Brewing
7% May
7%
Corp common-
,,
450
5* to $1 Stores.
Ford Motor Co
Feb
II y8 May
1
OU
Feb
Fedders-Quigan Corp.
Fire Association (Fbila).
First York Corp eommoi
$2 div earn pfd
Flshman (M H) On—
Jan
2,100
116%
Royalty
67
1
Jan
3,600
34 Ms
Steel
May
..1
3%
8
B
Consolidated
40
10
—
37/a
3%
.1
Consolidated
1,550
3
15%
10%
31%
Consolidated Mining 8c Smelt Ltd.
60
'
Class
7%
1%
Consolidated Gas Utilities.
$1
1% May
25
preferred——100
preferred series C
100
Inc
2% May
83
%
*
-
50
Eureka Pipe Line
Class A
3
4%
(3 preferred
Continental
400
5,800
9%
—.——25
.1
Consol G E L P Bait common—
Jan
x7%
Corp Ltd
Eureka
Jan
10 Va
34
1
72
1
•
Esquire Ino
Feb
-
250
4%
Inc
May
—
11
60
preferred
Empire District Beetrio 8% pfd—100
Emsco Derrick A Equipment
8
Equity Corp oommon
10c
$3 convertible preferred—
1
11%
13% May
5Va
—1
50;
—
Elliott Co common—
19
8% May
200
13 %(
5
——25
1956
Textile
800
1,200
300
Conn Gas 8c Coke Secur common—.
Consol
18iy2 May
15
Feb
12
Commonwealth 8c Southern warrants—
4%
Jan
10% May
7%
Community Public Service
Community Water Service
Compo Shoe Machinery—
series
Jan
18'A May
10%
3%
Colonial Sand & Stone Co
Electromaster Xno
,
200
warrants
4 %#
Colorado Fuel 8c Iron warrants—.—
4%%
184 y2 May
•.
Colonial Mills Inc. capital stook-,
ext to
Jan
7
Colon1 Development ordinary.
Colonial Airlines—
Vtc
Jun
Jan
83
Cockshutt Plow Co common—
Hotel
33%
23 y4
11%'
.100
Jan
148
153%
12%
9%
15%
2%
2%
11%
9%
.4
1 % Mar
May
300
1%
2
Jan
64 %
Fansteel Metallurgical.
70
2%
2%
55
48
Feb
125
15%
Apr
l % May
2,200
»
Jan
225
.1
45%
2%
60
14
72
.1
Co..
Inc common
Jan
•64%
24
20%
-1
Clark Controller Co—
35%
2
Fairehlld Camera A tost On
FairchUd Engine A Airplane
Falstaff Brewing.
Feb
25
May
15%
Colt's Manufacturing Co—
4% Jan
Jun
154
12%
100
'
$6
.10
Jan
42
43
Feb
2%
2,400
2%
2%
—
preferred B
preferred BB
City Auto Stamping..
City 8c Suburban Homes.
Jan
67%
Feb
17
275
15
123
97%
May
Jan
10
00c
Commodore
10'A May
119% 123%
1%
common——
Mfg
Feb
71%
-10
Claude Neon
Jan
19%
0
Cities
Clarostat
102
11%
12
.100
Service
Feb
18% May
10
Chesebrough Mfg commonChicago Rivet & Mach
Chief Consolidated Mining.
IChilds Co preferred
preferred
Feb
20
8% May
5
America
96%
350
15
16
1929—-,..100
Jan
May
49
"i%
0%
r*
16%
59%
15%
15%
.100
Cherry-Burrell common
$6
10
14'A
59
common
Jan
Apr
4%
81
775
u
8% May
19,200
8,000
10%
9%
common—
of
Co
Corp
""9%
10
S
.100
preferred.
7%
Feb
100 %
-100
—-
—
ICent States Elec 6%
Feb
17%
15% May
100
16%
16%
1
Central Ohio Steel Products
43%
May
90
AO*
preferred
3.50%
2% May
200
63
Electrographlo Corp.
May
9 Ve
700
84
61
17
Apr
6%
3
82 y2
63
,
A Light 2d pfd A
Klectrlo Power
May
6%
common-
8c CO
(A M)
Jan
preferred.
$5
6
1
(J W)
Feb
Feb
45%
May
2%
TTWMMMIP
■
Easy Washing Machine — —
B.
Electrio Bond A Share common
9
3
2s 6d
d
dep ret—
Co com-
Amer
18%
6%
11% May
WOhOJ
10
700
11%
11
11%
May
Option
Carter
4% May
100
—25
$7 preferred aeries A.
$6 preferred series B_
Eastern Sugar Aaaocilotoe
Feb
115%
45%
'
100
12
Corp.
States
Eastern
Mar
10y4
6%
300
.10
common
1
Biscuit Co
Carr-Consol
7%
3
45
Jan
34 y4
6%
II
8c Co common-
Carman
4%
12%
.100
preferred
6*
Apr
1% May
25
35
35
—-
2,300
1%
1%
1%
1
—
Capital City Products
Carey Baxter & Kennedy
4%
12%
.100
prior preferred
4 %*
Eastern Malleable Iron.
A09
—
4%
May
Canadian Industries Ltd-
7%
10% May
May
May
High
~
12%
East Gas * Fuel Assoe oommon.
■*
-*
voting—
20
Low
10% May
--
*
1
•
Corp common
Range Since January 1
High
■Low
E
*
Canadian Industrial AlcoholClass A
Jan
May
I
J1
reg.
Hosiery class B common
Test
Duval Texas Sulphur
22
—*
—
Duro
ord
rots
dep
Durnam
20
20
Canadian Canners Ltd
Am
Feb
5%
23 y2 Mar
Feb
26
•
Ltd common
preference
Dunlop Rubber Co Ltd—
Jan
10
2% May
22%
Ltd
Co
Cement Co
6%%
4oa
200
%
3
High
7% May
Insurance.
Fire
Canada
8%
3
8
8%
.10
Callite Tungsten Corp-...
California Electric
jSale Price
Par?!;';.'
Exchange
Curb
New York
January l
Low
High
Low
Par
Range Since
Shares
Last
STOCKS—
for Week
Shares
Range
Sale Price
STOCKS—
New York Curb
Sales
Week's
Sales
for Week
of Prices
Friday
Friday
141/4'Mar
Jan'
25
,
16
1
Jan'.
13% Feb
107
Jan
85
Mar
Feb
Jan
15%
19% May
49
Mar
x35%
7% May
4% Apr
10%
Feb
6%
Feb
8%
Feb.
55% Mar
■
York
of Prices
gale Price
■
Hotophane Co
Border's
common
»
"H»
(Geo A) & Co commonHorn A Hardart Baking Co.—.
Hoitpel
II*
Horn St Hardart common
L——
Hurd'
Lock
&
I.
i*'**
*
36
36%
30
30
58%
'
59
Ills
61
Mfg
Co—
Hussmann-Ligonler Co common.
$2.25 preferred
—
Com stk purch warrants—
Huyler's common
1st
preferred
Hydro-Electric Securities..
Hygrade Food Product#
4%
Feb
116
Apr
Mar
Apr
,
33%
Feb
9%
20
Jan
6
Feb
47%
,
May
Feb
15
44 % May
-
Feb
28%
.
Feb
Metal
-
Textile
Feb
Mioromatic Hone Corp
Feb
27%
300
21
May
49%
Jan
t
v
Oil
27%
55
2,900
16
250
Mid-West
Jan
Midwest
Oil
21% Mar
Midwest
Piping & Supply common
Apr
Apr
Feb
10% May
14
Feb
•
13%
2,100
12%
100
14%
Feb
Minnesota
Ireland
7%
International
Cigar
103%
21%
89%
94
111
104% May
94
Jan
180
Mar
118
600
86
May
100% Mar
Preferred
International
Petroleum
Registered
shs.
International
Utilities
Fireman
Mfg
Chute
8,200
Corp
Pictures common—«....
A
Dakota Utilities..
Monroe Loan Society
Montana
Jan
15%
Feb
Mountain
12
400
11% May
15%
Feb
11%
15%
Feb
Mountain
2%
400
10
Apr
10
600
15
800
12% May
1%
1%
Jan
Muskogee
Apr
1%
1
1
.
Lake Sulphur Co
Brown Stores common
Jefferson
Jim
Class
A
Julian
1
%
Jun
St
11% May
3%
100
3% May
Feb
7%
Co
7%
*
300
Feb
7%
Jun
18
Jan
National
25
24 y2
Jan
28
May
2 %
6%
May
7*
Kansas Gas St Elec
pfd
Cooker com
Pressure
Co
Key
Kidde
5
(Walter) <fc Co
Kimberly-Clark Corp—
4%%
preferred
Kings Co Lighting 7% pfd B
1% preferred D_
;
King Seeley Corp
Kingston
Products
Kirby Petroleum
Klrkland Lake G M Co Ltd
Klein
(D Emil)
100
100
100
1
1
1
1
123% Mar
Feb
19
8% May
14%
Feb
111%
Feb
87%
Feb
69
Jan
17%
Feb
65
__
——
r
■
—
4%
4%
4%
900
1%
11,300
114
-i.
10
...1
Rubber Co
(I B)
Krueger
Co
Brewing
1
—
*
,7%
—«.
■
Feb
6
Jun
Feb
12%
7%
Jan
Jan
Apr
25%
Feb
15% May
19%
Feb
19%
100
Ltd
Car
Transit-
23
13% May
Jan
10%
7,% May
200
(Herman)
Nelson
Foundry
Lakey
5
B
6%vf
7
2,400
8%
7% "
9
1,400
Jan
18
Jan
,
1%
1%
21%
22%
14%,< 14%
14%
2oy8
Lit
Brothers
Class
Locke
class
Chain
Logansport Distilling Co
Lone Star Gas Corp common
Watch
Long Island Lighting Co—
Longines-Wittnauer
Oommon
Co
U
1
13%
13%
64%
14 y8
18
61%
N
Y Auction Co
N Y
N
Y
N Y
400
Communication
Co
Marion
Massey
\1%
2,300
14%
200
8% May
Jan
Jun
Jan
7
Jan
12
11%
McWilliaras
7%
14%
15
19
20%
42
41
8%
42
1,200
400
4,800
200
31
&
27%
Co
footnotes
see
page
37.
20%
20
Jun
24
Feb
10%
Jan
15
May
14%
15
100
3,900
15
1
1%
2,200
1
Apr
2 Vo
Feb
2%
800
2
May
5%
Jan
200
9
May
600
13
10
13%
Jan
10%
Jan
320
90% May
120%
Jan
700
4
May
8%
12%
600
10
Apr
15%
Jan
58% May
67%
Jan
58%
59%
1,300
4%
5%
3,000
1%
1%
1,000
Jan
6%
1% May
Feb
2%
3% May
Jan
82
Mar
Jan
9
600
10%
Feb
34
36
450
31
May
47%
Jan
14
14
50
13
May
21%
Jan
8%
36
7 % May
18,900
275
115
116% 116%
10
110
18
200
% May
8% May
9% May
15%
116%
n8%
8%
10%
3,000
12%
12%
.
400
10%
10%
100
1%
1%
1%
13%
13%
13%
8%
7
174%
168
9
174%
13,900
375
Jan
117%
Jan
1%
Jan
10%
Feb
Feb
Feb
13%
Jan
2
Apr
May
20%
6% May
11%
11
.
124
Apr
1%
1,100
Power oommon—1
Jan
10%
1,400
—I
,
Feb
Jan
200
8%
7%
.100
Mines-
13 %
10%
10
Jun
7% May
10%
118%
10%
—
Feb
16%
5% May
5%
5
117
■*
13
Feb
300
6
96
91
8%
$6 preferred
North American Rayon class A—
Feb
2%
"2%
118%
Electric,
*
176
155% May
40%
Apr
34%
34%
100
32
33
34%
300
30% Apr
3%
40
5%
Jan
Jan
Jan
Feb
Feb
Jan
Feb
Jan
4%
300
10%
11%
1,600
4%
4%
5,300
3% May
100
Jun
107% 107%
75
xl06% Mar
110
Jan
Mar
58
Jan
4
--
■
4%
97%
50%
55
32%
55
35%
1%
5%
23%
Corp.
6%.
24
775
13
Mar
10
46
7%
Feb
3,000
1,900
46"%
30% May
5% May
400
Jan
Feb
9% Mar
31%
Apr
21
Jan
Feb
Jan
May
29
Jan
x21
Jun
26
Feb
5 y8 May
O
9% Jan
Jan
19%
Jan
7% May
11%
Jan
16%
li
70
Apr
1%
Jan
Jan
90
May
82 y2
Jan
11% Jan
14%
Feb
59
15%
Jan
113
19%
Jan
Feb
Corp
Ogden
Brass
Ohio
May
1
May
4%
Power
Ohio
4%%
Natural
Oklahoma
Old
common
Co class B
Poindexter
Omar
preferred
1%
1%
400
—•
100
33%
33%
33%
325
114
114
114
15
Gas
Distillery
United Filters
Oliver
BOo
common
1%
30%
30%
1
5%
5%
Inc
O'oklep Copper Co Ltd Amer shares—
Securities
1
31%
2%
1% May
10
116
Jan
Mar
112
1,500
30
Jan
37% Mar
Jan
31
37%
Mar
12%
9%
10
6
13%
10%
600
Jan
100
1,600
4% May
8%
Feb
12
•
—1
B
Jan
13
Apr
20%
Jun
25
Apr
55
Jan
Jan
5
Mar
Jan
May
Pacific
Can
Co
common
Pacific Gas St Elec 6 5$
1st pfd
1st preferred
Lighting $5 preferred
Light 7% pfd
Pacific Public Service
5%9$
28%
800
Pacific Power &
May
10%
Feb
11% May
13% Jan
20%
Feb
21%
Feb
$1.30 1st preferred
Page-Hersey Tubes common
45
Feb
Pan
11%
Feb
Pantepec
33%
Jan
Paramount
7
38% May
8% May
Dredging
Johnson
For
8
19%
preferred
14
Mar-
Feb
Jun
26y8
4y2
15
Corp common
10% May
8%
Pacific
Harris common
McCord
$2.50
Jan
30
17
46
.10
1,700
20%
Nineteen Hundred Oorp
North Amer Light St
%
.«1
Power Shovel
12%:
72
—•
Feb
23%
Lt
11%
.100
Nome
Internat Marine
Marconi
14
Jan
12%
Jan
12%
Jun
13% Mar
Jun
12%
Feb
16
Feb
12%
Feb
9%
May
10
Overseas
Consolidated Mfg Co.
Mapes
9% May
1%
1
Jan
300
5%
olass B 00m
Jan
39%
10 %
59%
Novadel-Agene
Apr
Feb
18
10
11%
Jan
'« 1-2%
14%
21% May
optional warrants.
Nlplsslng
Jan
Apr
May
1,000
.10
preferred
10 %
27%
shares
Feb
34
May
Jan
10%
common
Feb
9%
Jan
15%
V5
1%
14
-1
Mangel Stores common
Manlschewltz (The B) Co
Mead
1%
warranto.
~14% Feb
17% May
109% May
'■<
M
Sugar optional
-
.
Feb
45
Apr
26%
5%
Merchandise.
Shipbuilding Corp—
B
Feb
4%
26%
93%
.10
2d
Feb
7
Apr
2% May
600
5%
32%
11,000
15%
5%
2,400
11%
13%
St Honduras Rosarlo
Founders
12%,
10
Jun
175
Feb
Feb
Jun
27
Jan
12%* Jan
13
1
20c
28
75
24%
11% May
1,500
10%
—1
1
2
—4
■*
——•
12.50
Feb
•
2
Corp—
72
Mar
37
138 %
10% May
100
12
England Tel St Tel
Clock St Watch Co
4%* conv preferred
New Jersey Zinc
New Mexico St Arizona LandNew Park Mining Co
New Process Co common
tl:8
15% 'Jan
4,100
% I
17%
,
11%.
38
26%
%
■
11%
16 %
1,050
20
Apr
1,500
8
72
—
26%
40%
19%
8%
8'%
Jun
40%
400
2,700
Jan
117
26%
New Haven
.*15%
24
•
30
30
40%
Feb
6% :v) 7
200
120
400
18
18%^8%
32%
117
7,400
13% May
600
Apr
700
2,000
3%
1,100
400
Jan
10%
1%
8%
1%,
10%
1%
10
5%
Jan
-'..22
2%
Jan
Apr
13%
29
225
.
Manatl
-
Jan
Apr
3%
2%
20% May
200
18%
Jan
5%
2,000
4
5%
900
-
8%
1
10
1
Feb
39
3%
Xl2%
2,400
26 Ya
ctfs of dep
preferred A ctfs of dep
8* preferred B ctfs of dep
Louisiana Land St Exploration
Louisiana Power St Light $6 pfd
1%
Lynch
28
X21
Jun.
23
3%
Jan
8%
22
Jan
190%
Feb
11%
Mar
26%
__5
15%
Feb
18% May
2
•
B
Steel
Apr
185%
32
44 y8
•
A
11%
30
117,
iy8 May
•
common
Groceterias
22
28
10
200
10
100
1%
22 y8
Llpton (Thos J) Ino 85$ preferred—25
Loblaw
Apr
-6%May.,
44
I
.5
5%
*
7 ;..*May
1
25
—
May-
llt%uMay.
5%. May
•
Co
Corp
.v
21% May
300
17
16
16
13%
% 190%
188
„
•
Class B common
—*
North American Utility Securities
•
Northern Central Texas Oil——
*
Northeast Airlines
1
North Penn RR Co
66
Northern Indiana Pub Serv 59$ pfd_100
Northern Natural Gas
20
Northern States Power class A
-*•
Northrop Aircraft Ino
—
-.1
5
Inc
(R G)
Material
5
Jan
1
Niagara Hudson Power oommon.
6% 1st preferred,... .
30%4Apr
16%
16
16%
400
•
Monotype
Le Tourneau
Line
7
class A._*
Machine
La Salle Ext University
Lefoourt Realty common
Prior preferred
;
Leonard
Oil Development
Lionel
5,800
12.1
300
14%
1
Langerdorf United Bakeries
Class
13%
13%
5)
Lane Wells Co oommon-
Laneton
12%
14%
1
Machine
St
13%
1
of Delaware
Corp
Lam son
Feb
3%
Corp.
Niagara Share Corp
Niles-Bement-Pond
Mines Ltd
5%
Neptune Meter common.
Nesle Le Mur Co class A.
B%
Laclede-Christy Clay Prod
May
2% May
5%
Radio
Union
National
Class
Lake Shore
Feb
3
200
12%
National Tunnel St Mines common
1% May
Apr
400
8%
14
13%
,
1%
*
22%.122%
1
Apr
■
17%
__
'
Kleinert
May
4%
2,000
11%
10%
"Hi
11
6% May
800
31% May
New
12% May
400
14
13%
Feb
108% Mar
57
■>
14
Jan
9
"
-
Knott Corp common
Kobacker Stores
26
20
110
110
Mar
300
26% Mar
May
6 % May
400
10%
10%
10%
110
Apr
15
200
7
7
*
Co common
Feb
200
15%
15%
•
common
9%
125%
__
5
-
Steel
National
May
5
12,600
100
•
Inc
Kennedy's
Mar
30
2%
12 %
Fabrics
Malllnson
National Mfg & Stores common
National
•
Kawneer Co
Jan
106
37/b
National Fuel Gas.
600
6%
10
Jan
May
.21
2%
6
6% May
3,700
_•
preferred
79$
National
6%
38
x7%
~4
National Breweries common—
Jan
K
1
31% May
H_i
National Radiator Co
Corp
9%
17%
•
National Rubber Machinery
Kalser-Frazer
1,700
6% May
N
8
%
7%
28
3%
13%
common.
28
2
2%
•
preferred
Kokenge Co.
Feb
Feb
Feb
1% May
3%
Jan
5,700
1,200
3%
Jan
1,300
Feb
1%
Jun
22%
3%
Jun
17%
Feb
7%
4%
13% xl4%
14
8%
26%
National'Bellas Hess common.
Co eoinmon.
8%
35
7
190%
Ohio Mfg Co—
Murray
Namm's Inc common
Glass
15%
2%
*
•
*
Nachman Corp
Jeannette
Apr
Jan
Jan
22%
1%
1,500
1%
%
%
625
6
4%
3%
12 %
300
"2%
7%
1%
———1
....
■
-6
Muskegon Piston Ring.
16% May
1,500
18 %
18
Feb
Jan
30
May
9% May
6
....
5%
12%
2
9%
4% Mar
600
x77/a
1
1
-
common——Is
Producers——
-IP
States Power common
*
States Tel St Tel—
, _.19t
Mountain
500
18
Feb
Feb
2,000
4%
16
"2
Mountain City Copper
13%
"l%
33
24
Apr
29
10% May
11%
II
29 %
May
105
45% May
Apr
3%
15
1%
Moody Investors patilo pfd
Morris Plan Corp of America——10s
13%
-1
Apr
25
275
34
Jan
21
May
12%
voting trust ctfs.
Jun
11%
25% May
50
27
X8%
•
,100
•
.
Molybdenum
12
2%
common
Italian Superpower A„
preferred
Canada
L 5% pfd—
&
P
Monogram
Is
$7 preferred
Royalty...
Irving Air
May
13%
Power
Investors
12%
11%
11%
~*
Razor B___
Safety
conv
10
Products
International
Iron
coupon
shares
International
Interstate
A
14%
Jan
13% May
25
1,100
59%
57%
50
$3.50 series
26
26
Feb
24%
12 % May
1%
67%
17
18%
14,300
--
Montgomery Ward A
Montreal Light Heat Or Power
International Hydro-Electric—
International Metal Industries
Apr
104
•
Machine
12,300
14%
Jan
Jan
105%
490
117%
94%
117
117%
100
.10
109
103
103%
100
North America.
of
Co
4%%
common
Missouri Public Servloe common
40
109
100
preferred
Insurance
Jan
16% May
£1
Indianapolis Pow St Lt 4% pfd
Indiana Service 6% preferred
10%
Jan
24%
JL
*
Mining Corp of
12%
12%
12%
13%
Registered
Imperial Tobacco of Canada
5
Imperial Tobacco of Great Britain &
Miller Wohl Co
Apr
13%
26
1
60s
——50
Refineries
6%
5%
23%
—m
JL«
Co
14%
Apr
Apr
14%
.60
Abrasive.
Feb
20%
24%
*
Jan
6
Am dep
Feb
3%
4,700
Feb
Mid-West
rets regis
Imperial Oil (Can) coupon
i
5
4%
.
•
dividend shares
common
18%
Imperial Chemical Industries-—
14%
7%
31
13% May
Feb
Feb
12%
16
400
19%
pfd
64
Apr
Jan
May
8% May
—
5
5
on
May
,
15%
Feb
Feb
2%
9
500
10
9%
19%
..1
May
25
500
16 Si
15 %
15%
Illinois Zinc Co common
3,100
58%
16%
16 Si
ctfs__
29%
58%
29 %
.50
preferred
arrear
Co
6%
10%
.
Corp
non-cum
Jan
50
1% May
4,600
Middle West Corp—
$2
Power Co oommo
"2%
—-Hi
c
Distribution
Mar
6% May
300
6%
"l%
Middle States Petroleum class AvtU
Class B
6% Jan
May
45
30
Feb
111% May
6% Jan
Mar
3% May
2,800
Jan
Jan
7
Apr
3
10
10%
Feb
48
6
"2%
51%
3%
18%
8% May
7% May
Mar
"4%
1%
Preferred
Mldvale
conv
~4
Michigan Bumper Corp
Michigan Steel Tube.
Michigan Sugar Co
$1 conv
Midland Steel Products—
l*;
"3%
48
37% May
3
3%
.260
150
200
Apr
15% May
12,800
1,409
17
Feb
7
1
109
preferred
Participating
1%.
1%
16
High
Low
5% May
600
5%
4%
...1
Corp
Ex-distribution
Dividend
1%
17
...180
Iron Co,
Metsabi
,
5%
mA
Range Since January 1
High
Low
-
—
.....
A preferred..,
SVx%
Midland
Illinois
Shares
.1
.1
.*
,
1,100
3%
27
Warrants
Feb
61
'
4% Jun.
350
7%
3%.
3%
-
40
40
40
1
1
-
6%
7 %
7%
...1
43
55%. Apr-
200
-
V
~6
~6
■
181
400
25/
25
Jun>
28
4,600
5%.
4%
160
Apr
Feb
113
200
.
Jan,
40
34% May
225
1
..I
(Harvey)
Ino
Oil St Refining
Humble
36
.
IlOO
preferred
■
,10
160
May
37,
50
Natural G*g common
Menasco Mfg Co__
...
—
Merritt Chapman St Soott..,..
Memphis
Jan
21
.,20u/ Jun>
■--•••
-
27%
23,%. Jan
150
■
for Week
of Price*
Par
High
LOW
38%
160
.
'k
——
u
38%
•
I
;• -
—
Range
Sale Price
Curb Exchange
York
New
Range Since January l
High
x24% .25%.
—.
Inc.
Hubbell
Shares
Low
Par
Last
STOCKS—
for Week
Sales
Week's
Friday
Range
Last
Exchange
Curb
13
Sales
Week's
Friday
STOCKS—
JUNE
WEEK ENDING
FOR
RANGE
35
EXCHANGE
CURB
YORK
NEW
New
(3195)
THE COMMERCIAL & FINANCIAL CHRONICLE
Volume 165 " Number 4603
24
May
•
25
25
•
•
•
Airways
Motors
Corp
7%
39%
8%
40
800
1,900
7%
Jun
38% May
41% Mar
Jan
38% Mar
35%
105
Jan
103
103
90
102%
109
109
10
107
May
115
Feb
12
II
Feb
15
Mar
100
26%
Apr
27 % Mar
50
24%
Jun
27%
24%
1
9%
—1
.
—
100
*
warrants
Oil of Venezuela Am sbs
American
7%
39%
27%
24%
24%
%
1
10
8,100
% May
11,500
9%
Apr
8%
11
Apr
Jan
■.
24%
Jun
3%
Jan
12%
Jan
15%
Feb
36
THE COMMERCIAL &
(3196)
FOR
RANGE
New
Exchange
Curb
York
Range
of Prices
Last
Sale Price
Low
Par
Parker
Patchogue
Peninsular
Telephone common
$1
&
preferred
cum
Rights wi
Power
Penn
Traffic
Penn
Water
100
pfd
4%%
& Light
(The)
Circle
181/2
Feb
Sonotone
Jan
741/2
Feb
Boss
45
Jun
5iy2
Jan
South
Apr
28i/2
Jan
South Penn Oil
iy4
Jun
Southwest Pa
lis
4,900
l^ff Jun
6
7'A
„
6
6%
6%
7%
2%
2%
112
1123A
3,200
5%
112
56 %
6
41 %
6
'41%
—
180
—*
•
common
Phillips Packing Co
5%
original preferred
preferrd B
4%
Feb
6%
113%
Feb
5 % %
5%
Jan
4.48%
Jan
4.32 %
53y2 May
69
—
6y2
9y2
—
13 %
7JA
cum
6
May
91/8
Jan
Southern
Apr
50%
Feb
Southland
Mar
10
6%
14
9 'A
Apr
121/2 Mar
Spencer
Pipe
Line
Royalty
Shoe
Corp
Feb
Standard
Governor
common
Pinchln
Pioneer
Gold
Ltd
Johnson
•
.
223A
x20y2
21%
Feb
Standard Cap
& Seal common
preferred—
Ltd
1
33A
2%
10%
33A
3%
10%
3%
1
2
2%
10'/a
Bess
L E
&
50
RR_
Pittsburgh
& Lake Erie—1
Pittsburgh
Metallurgical common
Pleasant
Valley Wine
Scale
Pneumatic
Polaris
Co
—50
5
Powdrell
10"
1,600
Standard
'' 'G5y2
55 3A
54
9
9
---
10
Power
Lambert Co
&
Geld
Premier
common
May
*
Common
61
Preferred
Feb
Standard
Products
7%
Jan
Standard
Tube
3% May
10y4 May
6%
19%
Feb
81/2 May
13%
Feb
1,900
12y2
600
10
SO
—
Apr
17
—-
—
35
ib
May
% May
48
80
100
38
%
H
Feb
Feb
—-
Starrett
(The)
Apr
85
55,900
1%
Corp
Stein
(A)
Co
&
Brewers
Feb
Sterling
Jan
Inc
Co
Sterling Inc
Mar
Engine
■
Co common—
B)
Stetson
(J
(Hugo)
10'A
300
9% May
12%
Feb
Stinnes
1%
1%
2,400
Feb
121/8
200
17%
Jan
Stop & Shop Inc—
Stroock (SI & Co common
Providence
•
1% May
12% May
8% Apr
2%
121/8
Public
Gas
Service
6%
1st
7%
1
1st
.
of
10 y8
10'A
8%
91/8
■
200
9%
.
Jun
Colorado—
preferred..
preferred
—■
100
my2 iiiv2
100
107%
10
Apr
109
Jan
111% May
119
Mar
preferred
Puget Sound Pulp & Timber
Pyle-National Co common
Pyrene
102
•
prior
250
101%
Jun
110%
25%
Jan
30%
Apr
14%
11%
new common—
Finch Oil
Inc
30
5
10%
II1/2
375
9%
10
Oats
6'%
81/2
100
8
•
common
preferred
88
160
158
16%
_•
16%
85
May
96
20
90
158
88
100
;
Corp
155
May
170
50
15
May
18%
Jan
Feb
Feb
Oil
Texon
Voting
10
common
Utility Investment A
Packing Co common
Railway
Rath
&
Raymond
Concrete
Pile
$3
convertible preferred
Raytheon Manufacturing common
Reed
Roller
Regal
Shoe
Reliance
Bit
Land
&
Co
Co
Co
15%
19%
28
„
28
150
31%
W—
31%
100
—
__
Amer
dep rets
Feb
Amer
vtc
27% May.
29% May*
31
51
%
Feb
38%
55
Feb
Jan
Art
pfd F
i
Metal
Jan
Toledo
Field
Inc.
Petroleum
10,400
6% May
13%
Jan
Tonopah
100
18% May
23%
Jan
Trans
6%
1,600
6
6%
6
Jun
8% Mar
Mining of Nevada
Corp
Lux
16
300
14% May
20%
Feb
Trunz
23
23
100
22
May
32%
Jan
Tung-Sol Lamp Works
3% May
6%
Feb
2%
Consolidated
1%
4%
1,400
1%
2,900
convertible preferred
80c
1%
106
106
27%
20
28%
200
1% May
105 "A
25
Jan
31% Mar
15%
16
16
1,700
Jun
13 %
Jun
14
Jan
16%
Jun
4%
1,000
8%
8%
8%
2,000
6%
Jan
~10
17%
16%
17%
700
15%
Apr
24%
Feb
18
18
18
125
15
Apr
18%
Feb
11
Jan
14
Feb
•;
•
4
4%
3
1.25
4
•
6
I
%
1,500
6%
1,700
41/4
4%
4%
6
1
Petroleum
common
Ltd
•
4%
700
10%
conv
$2
Corp
pref
50
32%
5
9%
Paper
common
Oil Co
United
1
Corp
Co
Schulte
(D
A)
Inc
3%
5%
Apr
9
3% May
6
6%
Jan
3 %
Apr
11
5%
Steel
Securities
Seeman
Segal
Co
Lock
"3%
Jan
'Apr
Feb
Mar
Feb
Hardware
$5.50
l
Semler
5
(R B)
zZZZZZZl
Inc
Denn
Shawinigan
Water
Sheller Mig Co
Sherwin-Williams
4%
&
Power
•
Sick's
Breweries
Co
29™
Canada
;
$3
Realization
37%
13%
Feb
4%
Smith
Solar
May
21%
Feb
2% May
4%
Jan
2%
1434
18
100
2%
22
225
2%
i6'
79%
~6%
4,400
81%
82
17
19
May
(Howard)
Co
Oil
Union
May
Jan
1 %
Apr
2%
Jan
700
14% May
25'A
30
May
36
700
19'A
9
100
32
Feb
200
3
May
3%
17%
17%
100
9,600
1
17% Mar
Jan
Feb
4%
Jan
9%
110
Apr
20% Jan
13% Feb
27%
Jan
32% Mar
2,100
2
200
1% May
110
80
100
Feb
4
1% May
3%
Feb
Feb
130
May
9%
9%
9%
200
9%
12%
Apr
Feb
3%
3%
400
3% May
4%
Feb
4%
5%
700
4% May
9%
Feb
77%
Feb
19%
1,000
7%
7%
100
■2%
3%
1,300
2% May
5%
7%
—
8%
2,500
7
May
11% May
1% May
13'A
Feb
17%
Jan
2%
Jan
65
May
17% May
18%
18
—,
8%
14%
28
21%.
27
7%
14
13%
3%
Apr
Feb
Feb
Feb
32
May
33
Jun
8%
Jun
12% May
375
16
May
7
300
14
8%
26
600
7%
Feb
Jan
13% May
450
28%
7
29%
20
400
14%
21%
Jun
6%
—
21%
27%
18
20%
Jan
Feb
Feb
3%
3%
1,600
3%
Jun
4%
Jan
12%
__
12%
100
12%
Apr
14%
Feb
8%
Jan
9%
Feb
29% May
10% May
34%
8%
200
8%
30%
29%
30%
300
12%
12
12%
1,100
•
__
—
—
117
—1
10%
10%
12%
14%
14%
300
14%
800
6%
200
13%
•
„
6%
6%
—
—
80%
79%
Apr
10%
20%
37
8%
50
Jan
12
17%
Apr
5%
49
—
7
Apr
Jun
Feb
Mar
22%
12% May
Feb
Feb
May
11 % May
6,400
37
122
Jan
33
700
11%
37
12%
19%
Jan
Jan
Jan
63%
Jan
12%
Jan
2%
Jun
•
10%
1 %
'
— ~
106
80%
108
300
79
Apr
105 % May
60
—
Apr
Jan
Jan
Xl07% Mar
May
110
—
103
May'
114%
Feb
Jan
1%
1%
1,300
1% May
1%
x3%
3%
700
3 % May
4% Mar
1%
"2%
2
2
3%
1% May
3,500
Jan
May
32%
Feb
"4%
-4%
100
4% May
7%
Jan
10
10
100
9% May
12%
Feb
14
Feb
28
United
Aircraft
*
Chemicals
United
Corp
United
Elastic
100
50c
•
Omaha
Products
United
com
common
warrants
8,000
2
Apr
3%
Feb
13
May
21%
Feb
78
May
350
50
80 %
page
89%
Jun
90
7
Profit
Preferred
common
U S Foil Co class B
Feb
U
U
S
S
Specialties
U
S
6
6%
300
5%
May
13%
2%
2%
200
2 %
May
4%
11/.
2,500
2
Radiator
United
Stores
Universal
"31/3
"3
"31/3
2,900
193^
20%
10%
11
1
loo
8%
600
common
500
10
10
10
5
common
Consolidated Oil
Universal
Insurance
Universal
Products
Co
common
Utah-Idaho Sugar
Utah Power &
Feb
7 % May
9%
Jan
5% May
7
Apr
104
104%
400
~2%
~3%
1,600
32%
~
104%
Jun
32%
300
12,900
102% May
56 %
1
1
to
26
Mar
62
%
31%
250
15
15%
1,800
20%
23 %
24,500
20
21
29
14%
May
Apr
7%„Jan
32%
Jun
18
Jan
% May
%
30%
15%
Jan
2% May
45% Mar
Apr
17%
Jan
Feb
19% May
300
27%
16%
Apr
21
Mar
24
23%
—
Apr
28
Feb
7%
Apr
255% May
•
Light common
1%
293%
Feb
1% May
3%
X46
10
12
15%
2%
1%
1,400
10%
X64 %
1%
10%
100
10
62% X64%
1,675
62
X4S
9%
11
15%
2%
•
500
12%
2,900
8% May
11
May
Feb
13% Mar
71
%
Apr
47% May
14%
Feb
23%
Jan
15%
100
15
May
17%
Feb
2%
1,000
2
May
3%
Feb
125
82
Jan
89%
Apr
10% May
18%
Feb
3%
Feb
83%
12
May
45% Feb
160
47'
10%
Jan
86
11%
12
1,900
2%
2%
2%
500
3%
21%
23
3%
21
Apr
2 6'A Mar
23
Jan
20
Apr
24%
650
23
May
3%
5,800
3
May
21%
900
21
May
22% Mar
.
23%
Apr
26%
2%
32% Mar
4%
Jan
Feb
!
on
1
8%
I
12
109
900
400
134% 141%
103
1,500
10
•
~~
4434
3/.
1434
12i/„
100
300
Apr
Jan
Jun
2% May
19
May
9% May
130
May
106% May
27
11%
10
39
"7%
274
*"7
?ri
"7y.
974
2,100
100
"
Feb
Apr
May
.
12%
Jan
Jan
14% Mar
4%
Feb
24
Jan
14
Feb
157
Feb
110%
-1
$4
convertible
preferred
6%
X255
11%
Feb
Jan
8%
Feb
5%
Jan
Jun
**"
__
__
"73/3
'
9i/a
24
1,800
Apr
7% May
94
5Q0
3%
2,700"
11%
200
*3%
3
11%
Manufacturing
12%
Feb
May
May
126% Mar
5%
Jan
7% May
2%
Feb
11% "May
3%
14
Jan
Feb
-'i
W
Jun
17
39%
100%
8
50
6%
Feb
Apr
£1
800
99%
6
Jan
27
Jan
May
9%
99%
—200
Venezuela Syndicate Inc
Vogt
8%
99%
1
Petroleum
Venezuelan
9%
.8
Valspar Corp common
Waco
312
Jan
7%
preferred
$2
cum
5%
1
30
Apr
Ward
pfd
Watch
Baking
Corp
Apr
Wentworth Manufacturing
25
Apr
West
15%
Jan
West Virginia
102%
Texas
Utilities
$6
preferred
Coal & Coke
Jun
3%
Jan
8% May
13%
Feb
113%
Apr
110
•
15
(
1%
200
,
2%
15
1
300
2
10%
2%
15
100
100
Apr
2% May
14
5%
Feb
May
27
Feb
Feb
7%
6%
7%
2,200
6 %
May
12%
4%
1
Co
Co warrants
Aircraft
10
ext—•
100
Waitt & Bond Inc
}■
1%
•
Aircraft Co
Waltham
•
37.
preferred with warrants
1st
x8%
3% Feb
11%
Feb
1
—3
•
•
1
Graphite common
and International Securities
$5
8%
;
7% Mar
Machinery common
Shoe
United
*
*
100
25c
10
25
25
1
1
Sharing
preferred
10%
2% May
6y8 May
rets ord regis
NJ
United
United
1,100
Co Ltd—
RR & Canal
United
Mar
ii/„
n
1
see
Feb
dep
Amer
1,000
6%
%
—*
10
<
Molasses
Jan
2%
6%
,
Corp
United Gas Corp common
United
liy4
2%
6%
Calif—
of
Co
$3.75 pfd series A
Stock Yards of
Union
Warner
Paper Mills
footnotes
24
2,200
100
preferred
Aircraft Co
For
x
8%
3%
5
*
*
Canada
Union Investment
Jan
City Gas & Elec Co—
3.90%
Jan
Apr
May
2% May
•
II
Singer
Sioux
28
100
18%
32
10c
Corp
Wagner Baking voting trust ctfs
convertible
preferred
Pattern common
Jan
8
•
Manufacturing Co
Singer Manufacturing Co Ltd—
Amer dep rets ord
regis
6%
Apr
300
Slmmons-Boardman Publications—
Simplicity
Jun
Feb
900
21%
2%
141%
——I*
Ltd
common
6 '/a
33
91/2
2%
15
100
of
2% Mar
May
x25% May
2,100
'
25
preferred
Feb
3
18
_i
common
Sherwin-Williams
Silex
II •
"""3
Mining
5%
9 y2
i
Leather common
% May
1% May
3%
"2%
l,
Seton
1%
8% Mar
Jan
J an
% May
4% May
4
J
Corp
Union Gas of
Apr
2%
l
Shattuck
3,500
300
82
Radio Corp common
Safety Control
Serrick Corp class B
9%
3,000
25
Sentinel
Jan
6%
37/3
certificates
Sentry
Feb
Feb
31%
gy2
1
common
stock
prior stocks
Allotment
2%
27
Feb
10%
33/a
~~
•
Inc
6,100
13%
43
x30%
1
•
Industries
Convertible
26%
31
•
common
Selby Shoe Co
Selected
7% May
27% May
7% May
32,000
3 %
1
25
Inc
&
1%
2%
~~
Corp General
Bros
9
4,600
2,400
9%
2
•
common
Manufacturing
Scullin
8%
10%
33
1
I
common
Scovill
8%
8%
Is
Fisher Brick Co
&
8%
30
1
common
Savoy Oil Co
Sayre
5%
Feb
U
Udylite
Unexcelled Chemicals Corp
13%
5
2
Co
Haynes
Lawrence
Schllf
18%
107% Mar
Mar
Preferred
Samson
16%
1%
1
•
Light & Railways
United Milk Products common
A
Jun
*
Inc.—
United
Regis
29%
5%
Feb
4%
4%
l
Aeronautical
Class
Jun
400
106
warrants
Tri-Continental
15%
Dlen
common
Ryan
Salt Dome
29%
—
preferred
7%
8%
20%
£1
Co
Ryan
St.
300
7
-
2
•
*
100
100
1
1
preferred
6%
Edison
7%
•
Works
Russeks Fifth Ave
St.
Jun
500
_•
*
Corp
Shipyards
20%
100
Rotary Electric Steel Co
Royalite Oil Co Ltd
&
Todd
8%
j
;
dep rets for ord reg
Rome Cable Corp new common
Ryerson
30
5
5
2%
1
1
-1
dep rets def reg
May
20%
1
Am
Root
Feb
Jun
Ltd—
ord regis—
Feb
2
Apr
1 %
Royce Ltd—■
Roosevelt
31%
29 Vb
Valley Gas Co—
(Texas Corp)
Ronson
27~
32%
8,900
Jan
•
Rochester Gas & Elec 4%
Roeser & Pendleton Inc
Rolls
Co.—;
& Allied Stocks
3
Engineering
Richmond Radiator
Rio Grande
225
17
■
]
&
26%
5
common
Brewing
*
Dry Goods
29%
Feb
Apr
28% May
28% May
'
28%
50c
Shovel
Thew
50c
Co
Electric
Rice Stix
*
29%
35%
45
Tobacco Security Trust Co
16%
— —
10
•
5%
2% May
11,400
1
common
30
1%
100
2
Inc
Textron
Tobacco
3%
Jan
*
pfd
Light 7%
&
Power
Tivoli
R
2%
May
41
1
•
common
Roofing Inc
Tishman Realty & Construction..
3%
29%
30
28%
10
Tilo
Radio-Keith-Orpheum option warrant*.
Railway & Light Securities
30
10
32
44%
Feb
Feb
291/4
Texas
69c
Jan
140
32
44%
-1
Corp
Tampa Electric Co common
Technicolor Inc common
Quaker
7
33%
Feb
May
;
Corp
Taggart
Quebec Power Co__
May
May
Feb
*
Manufacturing
Feb
3 %
27
300
400
Jan
500
1031/4
Corp
Superior Portland Cement,
Superior Tool & Die Co
Swan
Puget Sound Power & Light—
$5
Sunbeam
Sun Ray Drug
—
9
5%
2%
*
1
1
1
1
*
5
—1
*
*
25c
•
common
iy2
Nevada.
Feb
3% Mar
May
*
Steel Co of Canada
Sterling Aluminum Products
12%
America
of
8%
2% Mar
27%
28%
-1
1
of
Corp
1
High
Jun
5
700
5%
_1
B
•
Metals
Pressed
3%
5%
27%
II
Co
class
Prosperity Co class B
Producers
3%
5%
4
Jan
4%
36-
1
25
25
10
5
•
*
2.78
1
10
1
20
—1
•
11%
•
common
B.^„—------—
8
May
41/2 May
141/4 May
—
•
Mining
Inc
2,900
3%
10
& Light
class
46% May
f
2,900
_1
(Ky)
49%
11%
12 y2
*
100
Oil
Standard
400
10
2.50
common__
Standard
Standard
Feb
500
9'A
4-
4%
preferred
Prentice-Hall
Corp
Forgings Corp
Feb
Jan
4
Sterling
Pratt
Dredging
6%
44% Apr
_•*-
—
25c
Alexander
&
1st
2,200
10
common
Corp of Canada common
6%
Jun
14%
2% May
2% Jun
4,600
1
.
Mining Co
Power
23'%
Jan
$1.60 convertible preferred
Piper
Pitts
141/2
shs
Am
Aircraft Corp com
Pitney-Bowes Inc
Mines
900
23%
.5.4
Co
Brewing
Convertible
Pierce
Co
Stahl-Meyer Inc
131/4
May
121/2 May
200
13%
Jun
LOW
4%
25
preference
preferred
conv
40
2,000
Range Since January
High
5%
25
25
preferred series CZ
200
1,200
7%
4
-10
Pipe Line
Feb
Apr
Low
Southern California Edison—
Feb
21/8 May
4%
Shares
12.50
common
71/4
1,000
6
43%
Corp common
11%
110% May
200
——
Jan
11
5Qc
com
Coast
150
200
for Week
1
1
1
_1
common
May
6
2.50
Corp
Corp
Manufacturing
200
5
58
Exchange
Curb
Manufacturing Co
13% May
200
45
5
56'A
-
.
Co
Philadelphia
May
Solar
25i/2
45
1
20
Co
& Power
York
Range
of Prices
Par
Feb
Sales
Last
High
521/2
59%
--
—
—
2.50
*
Co
lire <K Rubber
Pilaris
600
29
I'/s
1
Pepperell Mfg Co
Perfect
16
class A com
& Elec
Gas
Pep Boys
31%
warrants
Cement
Penn-Dixle
Penn
Low
15 %
New
Range Since January l
100
'■
Penuiutai oorp common
Penn
Shares
30 Ms
Week's
Friday
Sale Price
STOCKS—
High
16
1
*
•
25
Reel
Plymouth Mills
Rig
13
for Week
—
8
Co
Pen
Parkersburg
JUNE
ENDING
Sales
Week's
Friday
STOCKS—
WEEK
Monday, June 16, 194?
EXCHANGE
CURB
YORK
NEW
FINANCIAL CHRONICLE
4%
4%
1,250
3% May
8%
1%
1%
500
1 % May
2%
Feb
6%
6%
400
6 % May
8%
Jan
1
1.25
•
8
112
10%
10%
112
10
11
1,000
111
8%
Feb
Jan
Feb
113% Mar
12%
Feb
Volume
Number 4603
165
THE COMMERCIAL & FINANCIAL
CHRONICLE
NEW
YORK
RANGE
Week's
Friday
Last
STOCKS—
New
York
Curb
Par
Western Maryland Ry 7%
1st pfd—100
Western Tablet St Stationery com
Inc
27
—
1
Whitman (Win) St Co
Wichita River Oil Corp
Williams (R C)
St Co
16
16
100
26
Jun
'
Jan
-
16
200
—
__
3372
—
Brothers
.-1
common
preferred
Winnipeg Elec
Industries
100
12%
Ohio
Power
1st
Jan
Jan
2
Feb
Park
19 3%
Jan
Pennsylvania Water
Woodley
Petroleum
Woolworth (P W) Ltd—
—
Power
I
108 V2
Feb
Apr
7
Feb
165/a
May
95/a
Jun
11
Apr
Feb
14%
Jan
"274
May
3%
Feb
—
J-J
£10
Corp
1072
74 108Va
A-O
108
F-A
£81
108
—
2%
27,r
3
14,400
jo
Friday
Week's Range
Interest
Last
Period
Sale Price
Exchange
Low
Amer Writing Paper 6s
...
Appalachian Eleo Power 3%s
Appalachian Power deb 6s
Associated
Assoc
Electric
J- J
January 1
No.
—
Low
J-D
104%
104 7a 104 7»
7
104 7a
107%
J-D
101%.
101
1017a
6
101
104
163% 163 3%
1
X'
M-N
■
California
California
Edison
111
1117a
2
109%
J-J
118
118
118
1
118
^
4%s
.1953
J-J
102 %
101% 1021/a
.1955
Jf-N
IO31/2
1031/2 104'A
mtge 3s
3y4s__.
.1964
J- J
107
—
1017a
1037a
6
102%
1057a
series C
.1960
Bethlehem Steel
6s
.1998
Boston Edison 2%s
J-D
5
1061/8
1081/2
1071/2
.1970
gCentral
States
Electric
Q-F
113% 1137a
£166
180
'
J-D
10574
(10% redeemed)
A51/2S (10% redeemed)
J-J
1
113%
1954
MS
165
10674
1077a
2
106%
1073/4
105% 10572
5
104
105 7a
1989
M-N
1950
A-O
1966
3y4s
Corp inc 5s
trust-
io7y4
10774 10774
1033/4
115
1
103 7a 1033/4
'
107%
30
108
101
104
115
115
1
893/4
A-O
71
71
1
71
75
J-J
33
35
4
33
47%
37
37
1
35
116
(Hugo) Corp—
.1946
A-O
—1948
37
477a
1969
J-J
104 74 1047a
7
104
1949
Electric
J-D
1057a 1057a
9
105
10674
103
103
2
102 74
10474
103
103 7a
9
103
1043/4
74
1047a
Light & Power Co—
1st lien
106
78 7a
71%
79
141
64
84
64
&
N
J
4s
57aS
cons
A-O
........1959
(Maine)
—
103
A-O
1981
Waldorf-Astoria Hotel—
A 5s
64
677a
327
57T»
M-S
10474
1033/4 10474
51
103%
Water
debs
105
Debenture 5s
1958
A-O
103 3/a
Debenture 5s
103 7a 10372
106
1037a
M-Q
105 7a
1043/4 105 7a
112
1047a
J-J
903/4
J-D
£107%
—.1968
J-D
£120 7a
1959
F-A
Traction
5s
103
16
63 7a
72 7a
109
1207a
101%
—
108
1157a
—-
110
10574
—
„
104
103
927s
1969
£109 7a
A-O
10674
1977
Penn
J-D
2030
105
lflea
68
1964
5s
Electric
Western Newspaper Union—
6s conv s f debentures
723/4
66%
M-S
—1954
66
3V2s
Power
Penn
West
8672
F-A
income
West
85
lAChlcago Rys 5s ctfs (part paid)_1927
64
30
1067a 1067a
United
165
104%
11
71%
79
1067a 10774
106%
1153/a
Cities Service 5s
Jan 1966
107
A-O
J-J
collateral
10074
MS
F-A
5s
108 74
121%
97%
1968
1970
Eleo
&
108 74
120
—
125
•
10574 105
787a
£99
1971
Wash
1948
£120
1970
__
Gas
United Light St Railways
6s series A
Corp—
A5s
£106
A-O
3s
United
Telephone of Canada—
5s
M-N
MS
(Calif)—
A7-4s 2nd stamped
Toledo Edison 3'/2 s
11974
26
•
170
106
3y4s
Gas
A7-4s 3d stamped
Stinnes (Hugo) Industries—
1117a
J-D
.2024
159
1047a
£105 7a 108
.
102
.1970
1067a
—
105% 1053%
A-O
Stinnes
High
100 V*
—
109
1043/4
1948
£10874
AStarrett
Range Since
Sold
High
£100 7a
—
5%s A
T St T deb
AUantlc City Electric
Bell
.1961
Bonds
107%
5
108
MS
Spalding (A G) 5s
:
Friday's
or
Bid & Asked
107%
J-J
5%s aeries A
1981
Safe Harbor Water Power
Corp 3s_1981
Ban Joaquin Lt St Pwr 6s B
1952
Scullin Steel inc mtge 3s
1951
1st
Curb
84
1
19S9
B
mtge 3%s
Southwestern
BONDS
104%
77
1964
4%s
Southern Counties Gas
New York
102
Queens Borough Gas St Electric—
£1
•
6
of Colorado—
Co
Southern
5s
107
102% 1027a
Southern
deposit receipts
6* preference
Wright Hargreaves Ltd
10
109
105 %
1970
(Can)
...
American
9 3/a
1073/4
8
108
St Power 3y4S-1984
102 3/4
High
103
12
84
J-D
Low
101%
_
106 7a 106 7a
J-J
January 1
No.
—
A-O
1964
Range Since
Sold
£1013/4 103
1958
Sinking fund deb 4s
Public Service of New
Jersey—
6% perpetual certificates
Feb
13%
—
1st
Feb
157a
Jan
11
'
—
J-D
1968
—
Public Service
Bonds
High
1971
Power & Light 5s
Lexington 1st mtge 3s
Feb
117a May
Friday's
or
Bid & Asked
Jan
Jan
172
mtge 3 Via
Pacific
19 7a
2072
8 3/4
107
10
1st
213/4
3,600
100
Inc
Sgle Price
2004
mtge 3s
572 May
4o0
17a
!
Week's Range
Last
Period
Westchester Ltg 4s
187a May
__
•
Wisconsin P & L 47a% pfd
Wolverine Portland Cement
Wtoodall
674
:
..25
w w_
common
Interest
Exchange
Continental Utility Corp—
A5%s series A (90% redeemed)_1948
Mar
173/4
27
&
3%s
Wilson
Curb
North
Jan
19
Apr
Jun
13
May
133/4 May
1472 May
—
N Y
Mar
14
—
—
.
19
50
1
•
1
32
18
'
York
Low
Feb
117
May
15%
,
—
10
Wlllson Products Inc
51c
15 y4
May
25
—
1
15'A
105
New
,
High
50
-
26 74
10
_
Weyenberg Shoe MIg
50
27.
26 Vi1
13
Friday
Range Since January 1
Low
109
-
JUNE
BONDS
Shares
High
109.
•
20
Westmoreland Coal
Westmoreland
109
EXCHANGE
ENDING
Sales
Prices
Low
WEEK
for Week
Range
Sale Price
Exchange
CURB
FOR
^(3197)
Debentures 3s
Consol
1st
Gas El Lt & Pwr
ref
mtge 3s ser P
ref mtge 23/4s ser Q
1st
Consolidated
92
776
£107% 108
107y2
__
Foreign Governments & Municipalities
109
1976
Gas
(Bait
J- J
105% 105%
2
104V4
105y8105V8
2
1962
_____
A-O
M-N
104%
105%
si
110 y4
113ya
1954
debs
conv
903/4
1981
1st ref 2%s series R
2'/2S
*
92
(Bait)—
l-O
e
ii6y2
119 y8
113
112% 113
106
City)—
BONDS
mtge 4%a
Delaware Lack
Friday
New York Curb Exchange
Last
Week's Range
or Friday's
Sale Price
Bid & Asked
Bonds
*
Range Since
Sold
January 1
Western RR—
&
Lackawanna
ii6y2116 y2
Interest
Period
Gen
of
N J
Low
Division—
No.
4s
mtge
A
1st mtge
Eastern Gas St
Elmlra
Water
Finland
5s
A
ser
1993
4s ser B
1993
Fuel
1965
J-J
1956
MS
Lt
3%s
Si
RR
5s
Mountain
West
£121
122
24
1
-
~
MS
76
76
2
High
Low
High
105%
J-D
105% 105%
5
105
106 Vz
J- J
*57 y4
A-O
104% 104%
A-O
104% 106%
1958
1950
5s
J.J
1963
103%*
F- A
1970
M-N
1955
1941
coup)
J-D
-
__
'
__
62 y2
'
__
1
1957
1941
coupon)
P
9
34%
347a
35
F-A
£34%
__
102%
104
103%
105%
106'/a
108 74
1
31
40
__
33
41
Interest
99%
887a
77
78
94
37
15
33
111
72
2
37
42
ARussian
33
42
1966
J-D
M-S
till
—1969
J-J
tll0%
1970
J-J
105% 105 %,
1950
Power & Light 3%s
Kentucky Utilities 4s
F-A
103
—
McCord, Corp deb 47aS
Extended
at
4%
Gas
to
4V2S
1967
1961
110
111
105%
107
102
__
103
55%
M-N
103%
53
58%
103
104%
105%
RANGE
V1*,y '
*
common
1st preferred v t
Shares
Low
vtc:—♦
5
100
c
& Deposit Co
171/4
25%
20
18%
53/a
26
147% 147%
Fidelity
t.
>
& Guaranty
Insur Corp
10
40
40
40
107 3/4
FOR
"w i,"
U
S
Fidelity
&
2
Guar
50
WEEK
For
footnotes
see
page
46.
1919
J-D
J-J
2%
3
114
2%
6
2%
3
35
2%
3
102
101
26%
.
42%
42%
102
72%
25%
£--
94ya
94
98'%
£27%
30
30
37
27%
32
27 Ya
value,
a
Deferred
n
Under-the-rule
being
traded
no
Low
560
238
25
1
225
38
16
1
sale,
r
sale,
Cash
x
e Odd-lot
Ex-dividend,
sale,
y
f Ex-dlstributlon.
Ex-rights.
sales being transacted during current week.
flat.
,
certificates of deposit; "cons," consolidated;
"M," mortgage; "n-v," non-voting stock;
"w w,"
with warrants;
JUNE
cum,
cumula¬
"vtc," voting trust certificates;
"xw," without warrants.
13
Week's
Sales
May
25%
for Week
of Prices
Shares
Low
Par
Feb
American
Agricultural Chemical
American
4%
Range
Sale Price
High
Sugar
*
■—100
Refining
Apr
9%
Jan
American
Tel
22% May
441/2
Jan
American
Woolen
"
Anaconda
Copper
—
_i
50
1441%
Apr
160
Boston
40
Jan
40%
101
Feb
Jan
104
29
Jan
43
30
393/4 May
46%
Jan
Jun
&
—100
Albany RR_
31
38 /a
38 /b
156% 1633/a
28%
32%
31
34%
High
Low
34% May
44% Mar
25
34% May
443/a
Feb
4,511
156%
Jun
1747a
Feb
349
267a
Jan
50 3A
Feb
Ry-.
1%
6 r/o
208
31
May
427a Mar
Boston
Jan
46 3/4
1,809
393/4 May
5072
67%
1,752
5774
77
29%
30
490
29 % May
3772
247a
25
76
2072 May
397a
2
2
15
2
Jun
2
Jun
2
vv2
10
2
Jun
4
Mar
55
472
Apr
8
474
*
30
RR—
100
100
&
135
42
—
1st pfd stamped
class C 1st pfd stamped-.
Boston Personal Prop Trust
Feb
117% May
61
preferred
class A
262
46 /4
prior preferred
Stamped
119%
64%
Boston Herald Traveler Corp
!
119%
118
25
Elevated
Boston & Mains
90%
158%
38%
18
—•—£°0
Boston Edison
Mar
243/4 May
72
100
Tel
&
38%
Range Since January 1
High
Jan
50
$7,000
d Ex-Interest,
sale,
delivery
Last
26%
73
5-i 25%
EXCHANGES
ENDING
5%
1975
27%
STOCKS—
Bonds—
4s
J-J
dividend,
par
1
''
Baltimore Transit Co
2012
ft
25 y2
•
1921
when issued;
Boston
100
53
M-S
Friday
Range Since January
' 1
New Amsterdam Casualty
52
50%
J-D
Abbreviations used above—"cod,"
Mt
Vernon-Woodbury Mills—
(',.6.75% prior preferred
52
50% ,5oy2
25%
Boston Stock Exchange
High
I,
(
■
of Prices
18
55
45%
A-O
for Week
Par
Corporation
Baltimore Transit Co
Fidelity
Range
Sale Price
STOCKS—
34
30
J-D
Sales
Last
,
£49%
50%
31%
45 y2
2008
6yas
Exchange
Week's
31
45
1972
stamped (Plan A)
reduced to 2%__
A Bonds
OTHER STOCK
Friday
M-N
45%
1947
£Friday's bid and asked prices;
56%
£107
Baltimore Stock
£28
M-N
J-D
1931
27bS
tive; "conv," convertible;
England Power 3y4s
2008
•
103% 103 y2
MS
183/4
1947
SReported in receivership.
A-O
1963
Light
29
18
A)
to
Government
g Ex-stock
114%
Valley RR—
Milwaukee
21
1027a
£105
—2022
6s
25
2iya
1951
A5%s
♦No
Electric Power 37aS
(Plan
£15%
£16
111%
35
Gas Electric
44
42%
86
37
Kansas
76%
Rio de Janeiro
42
1
88
Kansas
42
78
76%
__
J-J
6yas stamped 1958
reduced
34%
38
J-J
5%
stamped
313/4
35
J-J
Kansas
44
77
__
M-S
-1952
stamped
(Peru)
Maranhao stamped (Plan A)
Interest reduced to 2y8s
Interest
40
1952
100%
67>s
City
Parana
35
1963
Arundel
94
42
100% 101
,
Debenture 6s
Altalian Superpower 6s
,,
96
88%
A 7s. (issue of Oct. 1927)
AMortgage Bank of Chile 6s
Mortgage Bank of Denmark 5s
43
.
313/4
£38
1952
jlj
;
90%
92
AMedellin 7s stamped
Mortgage Bank of Bogota—
A7s (issue of May 1927)
107%
35
1957
New
104%
34
j-J
1952
,
2
,
347a
Interstate
Midland
22
90%
£__
.1953
—
£72%
£72%
J-J
1955
5s
AExternal
6
107
34%
1957
A7s (July 1941 coupon)
Power 5s
44
£—
F-A
ALima
68
,
103% 103%
35
60%
__
104 ya 104%
107
1955
E
(Aug
J-D
M-N
A-O
Danzig Port & Waterways—
62
104%
1963
A
ser
1
■
84
55
1
C
A6yaS (Dec
series
76
104'/a 104 ya
5s
ref
AG%s series
A7s
,
£59
International Power Sec—
series
1241
J-D
3%s
B
Service
A7S
122
—
106
J-J
Indianapolis P & L 3y4s
A7s
36y2
104
-
Jan 1949
Power
Hygrade Pood 6s
&
105% 105%
25
1950
0
lien
1
68'%
1948
4s
Guantanamo St Western 6s
1st
36
56
Jan 1949
Green
Indiana
26
12
Extended
1961
Rayon Co 6s ser A
Trunk
series
"
58y2
Mtge Bank—
stamped
Grand
6s
56%
May
Residential
AGeneral
M-N
Agricultural Mortgage Bank (Col)—
A20--year 7s
April 1946
A 20-year 7s
;
Jan 1947
Bogota (see Mortgage Bank of)
ACauca Valley 7s
-1948
Danish 5%s
1st
Providence
100
10o
100
•
RR—IZ.;—100
4%
—
15
22
4%
4%
1472
22
5"
4%
15
22
20
125
55
Feb
Jan
May
Jan
Feb
Feb
Jun
7
Feb
1272 May
18
Jan
20
30
Feb
May
37
38
THE COMMERCIAL & FINANCIAL CHRONICLE
(3198)
Monday, June 16,1947
OTHIR STOCK EXCHANGES
FOR WEEK ENDING
RANGE
Friday
Week's
sale Price
STOCKS—
of Prices
Friday
Last
STOCKS—
Range Since January 1
Shares
Loto
High
Loto
Par
18
Sales
for Week
Range
East
JUNE
Sale Trice
Par
High
Sales
Week's
Range
for Week
of Trices
LOW
Shares
Range Since January l
LOW
High
High
'
Calumet & Hecla
—5
"
—
Service
Cities
Cliff
Mining
~r25
Co
East Boston Co
-—10
——
Ry—
Street
Mass
Eastern
=J00
16%
100
100
preferred B
pfd
adjustment—
30£ 34
A
%
1
1
6% May
9
23%
%
3°5
Jan
Jun
5
Feb
Katz Drug
Jun
8%
34
Kellogg
1% May
Kentucky Util jr
La
Jan
1
May
May
%
171
9
Jan
Leath
96
3^
_3
95
96
27 A
_
27
—
3
300
May
May
124%
Jan
Co
Razor
Safety
Hathaway Bakeries
Int'l Button Hole Mach
Star
Lone
135
50
825
20% Jan
24% Mar
29
28%
25
30
Jan
common
24 7A May
32%
Jan
54%
353
51% May
59%
Jan
347/a
33%
35%
1,662
31% May
40
Feb
Monroe
13%
13%
13%
51
18
Jan
Mathieson Alkali Works
26%
24%
26%
8%
8%
757
5
35
'18% Mar
20% May
355
41% May
51%
Jan
58% May
78%
Feb
23
Jun
32%
Rac'g
24% May
32%
Jan
18
385
17%
21
Feb
—
—
—
64%
Inc———1
Assn
19
19
42
63%
44
65%
23
—
23
257/e
—
17%
.
5
Nash-Kelvinator
National
Cos
Service
North
Butte
1
100
2.50
—100
—
Tel
England Tel &
New
Mining
Northern RR
Apr
s
Middle
13%
Jun
23% May
7%
Apr
West
Corp
Colony
(N H)
Pacific
RR
Mills
100
—
,
50
Rutland RR 7%
—
t
pfd
25
*
—10
2.50
—100
—;
*
Assn
*
Stone & Webster Inc
•
Torrington Co
Union
Drill
Twist
14%. 16
—
30c
32c
—
91% 95%
1%
1%
140
140
—
11
93%
1%
Chemical
United
6%
U
*
U S
Machinery
Shoe
25
common
preferred
—25
<
10
Rubber
S
Smelt Refin
10%
Waldorf
Wichita
13%
9%
'1
preferred
7%
Jun
Oak
447
14% May
1,100
26c
May
90% May
580
2,810
74
1%
Jan
1
common
1%
class
.10
Feb
140
May
1
Jun
4
Jan
Rath
Packing
Feb
Serrick
Shellmar
—
—
3
12 V2
1%
3%
12%
1%
7%
25c
8
25c
14%
12%
'2% May
399
500
12
4%
Mar
1%
10
160
1,000
210
316
A
—
—
14
11%
37%
.—
36'A
41 %
42
49%
47%
49%
Prod
Corp
Oil
Society
Brand Clothes
60c
65
63 %
65
45%
45%
40%
43
42%
42 %
40
Steel
May
Jan
Strap
—
—
15%
15%
14%
'26%
14%
28 %
13
13
Feb
"l
Week's
Par
Aetna Ball
Allied
of Prices.
Low
37%
Feb
46
Jan
Standard Oil of Ind
50%
Feb
Swift
Apr
May
17%
Feb
8%
1,700
6%
1,450
260
200
28%
23 %
33%
36%
50
10%
Apr
Feb
9%
Apr
5%
1,000
28%
7%
93
Feb
Jan
110
Apr
Jan
21
Jun
24%
18
May
26%
Feb
4% May
5%
Jan
.
Feb
11
27%
28
May
400
'
32
12%
300
14Va
209
7%
7%
50
23%
24'/a
750
11%
11%
900
31%
32%
300
30
3%
100
3
May
41
40%
41'/a
800
37% May
15%
15%
15%
300
14
17
19
200
16
May
32%
32%
32%
200
31
May
25
300
22%
Jun.
30 Ve May
Apr
3%
10
Feb
11 %
x24 % Mar
-
Feb
38%
Jun
Feb
29
307/a May
8% Jan
950
11%
22 %
700
300
29
11%
T50
-
Mar
12%
Feb
May
6% May
23% May
16%
Jan
14.
9%
Feb
34%
Feb
8% May
.17%
,
Feb
38
Feb
4%
Jan
of
18
Apr
28%
Feb
Trane
13
Jun
208
-
15%
15%
..5
common—.5
Tool
.25
250
-
..
May
-
42
Feb
19
Feb
X22
•
15% May
Feb
,
22%
Feb
37%
Jan
Jan
26%
Jan
14
May
..23%
Feb
21
May
30%
Feb
#
Ltd—
Co
deposit
Jan
13% May
Apr
13
Jun
0
16%
Co
(The)
common—
South La Salle St Corp.
S
Steel
cumul pr pfd
Inc
Bankshares
Mach
Yates-Amer
26
r.
"900
47%
48%
180
650
67%
V 47% May
62
800
54
Feb
79%
May
Feb
27%
27%
28%
500
23 Va
Apr
17%
•
17%
11%
18%
11%
800
17%
Jun
"50
11
Jun
13%
Jan
11
11
May
12%
Feb
5%
Feb
11
5
.
16%
64
,*
common
capital
24%
67%
•
common
16
__v
48%
Thor Corp
Wisconsin
500
9 %
28%
23%
,
Feb
.<
Jan
Range Since January 1
Low
5
700
9%
9%
9%
400
17%
17%
17%
Stocks—
Unlisted
Shares
—*
2%
180
•
11%
25
stock
International
22% May
10
1
Jan
130
24%
capital
Machine
Sundstrand
for Week
14%
11%
Feb
148
160
26%
Sales
14%
Alleghany
High
46
Jan
47% May
14%
Jun
15%
Apr
5
Jun
7%
Jan
11%
Feb
Apr
19%
Jan
Jun
174%
Feb
American Rolling
& St San
Anaconda
..
———.10
50
Mill
Copper Mining
157 %
Certain-teed Products
200
137/a
14'/8
1,000
12
May
17
28
28,,
100
26
May
41%
33%
34%
500
31% May
42
3%
3%
*
com
3%
14%
28
1
Corp
American Radiator
—
Feb
9%
17%
150
900
157% 163
180
5%
.10
10
38% May
14%
157%
Jan
23%
_5
Storkline Furniture common—
Swift & Co capital
♦
5
*
100
Apr
148
7%
~1
-5
5
Feb
10,600
capital
Apr
21
10
18%
■'
_•
•
;
common
Corp
60%
46%
5
American Tel & Tel Co
29%
50
32%
common
common
Stewart-Warner
71%
High
5
Jun
Jan
51 %
48
46
5
Feb
48
500
21
~V
Jan
46%
common
Feb
22%
11
..2
2
Jun
—10
Bearing common
Laboratories
Range
Feb
8%
>64%
26%
171
28
Spiegel Inc common
i
St Louis Nat Stockyards capital
45%
10
37% May
25% Apr
16%
•
V
61% May
13%
450
....
22%
Bend Lathe Works capital—
South
40%
25
125
571
49% May
48
13% Mar
-13% May
5% Apr
14%
8
25
150
300
6
18%
Corp
295
425
45 %
—
15% Mar
44%
50
14%
28%
Mar
17%
32% May
80
Jun
5 %
common—
Signode
13% May
360
14%
8% May
36%
Corp class B common—
Sinclair
May
11% Feb
10% May
5,429
13% May
21
capital
Feb
2
Jun
Feb
4,500
1,850
6%
10
common—
Feb
14
Feb
7% May
25c
24%
7%
Elec Co common——
Sears Roebuck & Co
Feb
—
Jan
Jan
26%
—
May
20
100 % 101%
6%
100%
18%
39%
.—
15
57%
21%
8%
5
100
Switch
Electric
17 % May
Sale Price
STOCKS—
Advanced
Jan
350
171
-
Pennsylvania RR capital——
50
Potter Co (The)
common—.——1
26 % May
Last
Mfg
Alum Castings
Feb
30
40% Mar
1,950
155
—
Penn
Jan
187
—
D)
34%
Jan
9%
26%
22%
C
Feb
68c
120
13
26%
•
.100
_.
preferred
1,818
Friday
(J
22% May
44%
.
Feb
19%
121
Chicago Stock Exchange
Adams
ab%
141/4
14%
,
Manufacturing
6%
~
...
20
preferred—
18%
—To
common
17
.
5%
10
common
1%
Wieboldt Stores
Co
Feb
150
54%
Westinghouse Elec & Mfg common_12%
Steel
-17
500
-
9%
16
.
141/4
oommon
Bancorp
U
Acme
27%
*
Util
29%
28
Oil—
River
39
25%
—>
Northwest
17%
*
*
—12%
System Inc
Co
(S D)
Westinghouse Electric Corp
Mar
23%
—
North American Car common-
Certificates
Warren
Apr
25
38
...
Co common
Standard
National
Feb
28%
50
Mining Co
&
11
May
200
32 % Mar
18%
5
_!
United Fruit Co
May
16
23%
Standard Dredging common
Shawmut
29
8
150
17
■
Quincy Mining Co
Reecb Corp
:
Reeoe Folding Machine
Rexall Drug, Inc.
Jun
1,300
17
23%
vie
common
prior preferred—-
29%
common
Pennsylvania RR
Jan
17%
8%
8%
5
—.
Ex-distribution
'
Miller & Hart Inc
Sangamo
Old
7%
Feb
27
162
25
108
22
Peabody Coal Co class B com
Narragansett
5% May
100
1
Montgomery Ward & Co
—100
*
pfd
Feb
5%
,17
wmmm
Prod
capital
52 A
"
5%
66%
5%
14%
Mickelberry's Food
—
—
—*
Central RR
Maine
8%
*
& Co
—
~
—10
Co
Copper
Cement
Feb
Jun
Jan
47
Northwest
Kennecott
Feb
15%
10
54
130
—
Lindsay Lt <te Chem common
Marshall Field
95
26
45
85
6% May
54
•
•
17
•
$1
Co
17%
1
common—
11% May
17%
,.,
*
150
1,350
12%
7
54
__
5
common—
*
*
1
Electric
Gillette
Co
Lincoln Printing Co
12%
6%
6%
.
—50
—
common
*
*
1
,
Engineers Public Service..
First
National Stores
Gilchrist
&
Univ
20%
29
2714
•
common
Employers Group Assoc
General
Ext
pfd
cum
12%
•
:
common
Libby McNeill & Libby' common—1—7
,
—
Salle
l
Co common.:
Switchboard
*
Inc
Lines
SS
Eastern
%
■
.1
...
Common
5%
—
_.
6%
6%
—
'
2 Ye May
Feb
Feb
Mar
14%
14%
200
12
May
20%
10%
14%
—1
10%
300
10
7%
306
7
May
May
11% Jan
7%
4%
4%
300
4%
Jan
-
Columbia
Electric
&
Gas
*
—1
*
Motors
Continental
Curtiss-Wright
"7%
4%
12%
Feb
6%
Feb
8%
Jun
Jan
39%
5%
Feb
'
Armour & Co
Asbestos
common
Washer
9% May
15 % Mar
2%
2%
700
17A May
3%
4
4%
400
4
Jan
5%
Feb
3
common
Manufacturing Corp
g Avco
2,300
3
Mfg Co common——
Automatic
11%
11
4%
5
300
4% May
7%
Feb
Feb
Berghoff
Brewing
Corp.
Binks Manufacturing
Borg
Bros
Castle
&
Central
Co
(A M)
'
May
14%
Feb
11% May
17%
Feb
Jun
50
Jan
Packard
38% May
49
Feb
Pan
New
York
North
Central
American
RR
—
Jan
16%
Feb
17%
50
16%
Apr
21
Feb
Electric
13%
14%
1,000
11% May
23%
Feb
Pure
11
200
10
20
Jan
31%
100
30
42
Jan
of America common
Radio-Keith-Orpheum
1%
100
20%
class A pfd_
Mfg
♦
•
Chicago & Southern Air Lines
Chicago Towel Co
20%
Chrysler Corp
Coleman
Consumers
22
8%
8
6%
5
common
Commonwealth
24%
—
common
10
.
(The) Co Inc
5
Edison
25
common
8
61%
*
common
7%
61%
—
Chicago Mil St Paul & Pac v t c
Cities Service Co
8
*
Convertible pref
Chicago
—
May
May
2%
Feb
2,900
1% May
8% May
10 %
May
25
19% May
24%
Jan
1,100
6% May
9%
100
61
50
22
8%
400
6%
6
850
6
Jun
40
68
May
May
69
Motor
Amer
(new)
Oil
Pictures
Co
(The)
Inc
com
new
common
Radio Corp
100
Corp
Doehler-Jarvis
Domestic
common
10
new
Corp
Credit
1,200
(The)
Studebaker
Feb
Sunray
United Corp
9 Vis
Feb
Wilson
85
N
of
Corp
common
——
5%
5%
5%
10%
10%
10%
200
9 % May
1
25%
26%
400
23 Va May
31
Jan
31%
307/a
31'/a
200
25
31%
Junj
24%
24%
300
21% May
7%
8%
600
7% May
Flour
Mills
of
America
Four-Wheel Drive
Co
&
—
—
Fox
(Peter)
Inc
400
87
33%
600
23%
600
22% Mar
30
30
28%
30
2,400
27% May
33%
37
37
90
35
Apr
38
10%
11
100
10 %
Apr
13%
34
35
300
30% May
2% May
36%
Jan
Jan
33%
Goldblatt
Gossard
Bros
Co
Inc
11
May
15%
Feb
COO
23
May
30%
Feb
16%
15'A
16 'A
1,400
13% Mar
16%
Jun
73%
75 Va
400
64
75%
Jun
12%
12%
100
11% May
17
Feb
17%
19
600
16
24%
Feb
— _.
400
(W
H)
common
9%
9%
1,400
7%
Jan
3;..
200
2 Va
May
10% May
Friday
*
Laundry Machinery
May
18
50
18
Jun
26% Mar
15
15%
950
13%
Feb
16
Jan
Cincinnati Gas common
9%
250
11%
Feb
31
15
9%
21 % x22
9 % May
200
21%
Jun
99
Jan
Baldwin
1
57%
8%
10
57%
200
8%
8
.950
10
10
52
Jan
6%
100
*
17
17
18
400
•
17
16 7A
17
1,000
10
10
Harnischfeger Corp conv
(G) Brewing Co capital
Hein Werner Corp
(new)
10
Hibb
25
Illinois Brick Co
Illinois
Central
Steel
RR
10
Apr
65
Interstate
Jim
Power
Brown
For
$6
,
10%
500
16
Feb
16% May
16% May
21
Jan
9% May
19%
250
11
11%
1,200
11
€0
—
19
60
30
56
4%
4%
50
200
page
13%
13%
50
207A
22
400
10
10%
300
11
12%
30
*
19%
21%
250
_1
2%
2%
400
pfd—
see
—
—
1
common
46.
30 %
80
16%
16 Va
9
21%
21%
25
High
29% May
37%
Jan
16
20
Mar
May
109'
2
Street
8%,
50
Cincinnati Telephone
Rights
r—.——
'Cincinnati Union Stock Yard
"3%
—
,
74
•
*
8'%
125
7%
15
-
::
26%
Feb
29%
Feb
110
Feb
Jun
14%
Feb
Jun
71
249
19,263
12%
Apr
106% Mar
869
3% "
3%
12'%
25'/a
134
100
9
8%
71
27
109
26%.
.8.50
—100
19% May
99'%
Jan
3% jun
12
Apr
A % May
14%' Mar
Feb
20
19%
10%
•
common
Stores Inc
footnotes
100
—
High
30
21%
Preferred
Feb
9% Feb
Jun
19
19%
11
10
common
(new)
Prod
Range Since January 1
Low
Low
—20
Dow Drug
*
17
II
Apr
24%
19% May
22%
Mar
Feb
Eagle-Picher
Formica '
.100
———Jr..
-10
,
—
20'%
22%
25
:
*
'
110
110
25
14
'Gibson
15
Mar
Apr
70
Feb
Jun
Feb
Hobart
Jan
12'%
Feb
Mar
113
Jan
,,'24%
Feb
125
24
Jan
32%
Feb
60
69 —Jafl"
55
Jun
5%
113
5
Jan
60
40
Jan
43 ;'
Apr
150
14'%
Jan
20%
47
328
40
% May
50%
Apr
Jan
59%
61%
282
57% May
65%
Jah
26
26
24
26
May
38%
Art
38
38 Va
27
38
Jun
52
49'%
49%
50
34
49'%
Jan
52
5%
-
55
55
5%
41
May
25
Feb
Procter 81 Gamble
8 % May
18
Jan
Randall
17
17
47
43%
60%
;
29% Feb
19
41
17
class A-
11% May
18% May
11
Jun
.,20
41",
55
Hatfield
4%
17%
7%
109%
77
Feb
Jun
-
7%
7%
—
——
Kahn
capital
Indep Pneum Tool
Indiana
1
1
common
Shares
—
Preferred
Hupp Corp
Jan
Feb
1
Spencer Bartiett commbn
15
for Week
Champion Paper & Fibre
common
Heileman
Range
of Prices
Par
•
Hammond Instrument" Co
10% May
4% Jan
Sales
Week's
Sale Price
STOCKS—
18
*
common
May
3
9%
-
Feb
81
'
Great Lakes Dr & Dk
Mar
Cincinnati Stock Exchange
Jan
10
10
common
Feb
300
25
1
May
85
1%
common
10%
12'/4
•
Jun
May
85
5
common
Refrigerator Co
25% Mar
104% May
Cincinnati
General Motors Corp
Gibson
Feb
24'/a
Xl2
——*
common
Feb
41%
10
Brewing common
Jan
14%
Feb
15
Auto
5% May
25
—1
——•—*
Oil Corp
•
Elgin National Watch Co
Jun
26%
1
American
Eddy Paper Corp
Feb
24 %
——25
Feb
27%
2%
7%
100
J
13%
99% 104
2%
Feb
Jan
700
Oil
27
26'A
1
22%
33%
13%
24%
Steel Spring
May
7% May
% Mar
32%
5
Corp class A
Feb
127/a
Standard
65
27%
«—
Feb
19%
24%
Last
Dodge Mfg
6%
14% May
12% May
Republic Steel Corp common
_*
Socony Vacuum Oil Co Inc.———15
Jun
33
50
14%
Feb
Apr
147/a
—*
Car
Airways Corp
Co—
Cumulative preferred
47/a
j
Feb
24%
68
900
5
*
Standard
1
common
5 Va
May
May
*
1
Pepsi-Cola Co
—5
Chicago Corp
3
*
10%
Paramount
Cherry Burrell Corp common
900
'*
33%
150
10
3%
2%
400
30%
—10
35%
3%
10
capital-—
Co
800
9%
Util
W
13
250
—
12%
9%
S
100
Corp
10%
50c
&
18%
32
34%
3%
5
42%
common
Cent
Nash-Kelvinator
300
9%
1,000
35%
Light
11
1
common
Gas
11%
1%
Corp
Apr
Feb
1
*
Jan
21
5 Va May
-1
:
17%
14%
common
9%
1%
Secur
37
j
"
13
—1
111
Apr
:
Radio
&
Motors
12
10
common
28
>•!
•
42
10%
common
Carr-Consolidated Biscuit
300
'
Electric.Co
19%
19%
11%
10
5
1
12%
common
Piston Ring common
Burton-Dixie Corp
30%
13
1
Burd
Butler
19%
1
—
Co capital
("George W) Corp
Borg-Warner Corp
29%
*
10
Television
Farnsworth
General
Graham-Paige
Laclede
Bastian-Blessing Co common
Belden
Mfg Co common
.
.
Jan
Jun
24%
Jan
2% May
6%
Jan
Kroger
U
S
_
class
—
A
Printing
Preferred
50
5%
Jun
26'% Mar
.
Apr
Va Feb
the commercial & financial chronicle
Number 4603
Volume 165
(3199)
OTHER STOCK EXCHANGES
RANGE
FOR
WEEK ENDING
JUNE
13
Los
Cleveland Stock Exchange
week's
Friday
Last
Range
of Prices
Par
Akron
Low
Mfg———-50C
Brass
1—5
American Tel & Tel lUn)
100
City Ice & Fuel
——*
Cleveland Cliffs Iron pfd
*
al58
11% May
a
162'/a
177
159% May
27 y4 May
258
28
86
88 %
88 %
365
85
Feb
Feb
16
174% Feb
32%
103
May
Feb
Cleveland Elec III common
Corp
Consolidated
Detroit
Natural
Cleve
&
Gas
Navigation
(Un)
Tire
May
19% May
44% Feb
29%
Feb
a42s/a a43 %
108
40% May
54 Vz
Jan
5%
1,000
5 Va
21 %
—i
Rubber
&
Barker
Co
General
5
General Motors
(UN).
6%
Feb
Central Investment
61
Feb
Certain-teed
32
a557/a a56%
(B F)
May
Feb
Chrysler
May
49%
Jan
49
Jun
71%
Feb
Consolidated
60
41%
Jun
61%
Feb
11
27%
Jan
75
33
70% Mar
13%
13%
71
T
13% May
common^
"Preferred
25
....—*3
j
50
51 %
4% %' preferred __1a—*'
105'/a
—*
19'/a
;
HanttA
(M A)
Harbauer Co
—
•
;
•
•
'
75
Jun
15% May
Acme
lj.
.
(Un)
—
Standard
Oil
Steel
Corp
13
;
356
5% ^5%
100
Jun
America (Un)
—
of Ohio
Creameries
com
common
(Un)
21, : May
Dresser Industries,
—
l—i
Exeter
Merchants
&
Garrett Corp
*
a 105
274
9i%
uan
300
200
49 Vz
43
220
17
dan
1.15
305
310
Inc
Foods
Hunt
2
6%
100
30%
Feb
Lane-Wells
26%
Feb
10% Feb
54%
Jun
500
10
Jan
52%
Jan
65
Feb
460
42%
Jun
58 % Mar
7y8 May
82
560
97 Vz
Feb
1.35
Jan
20 V*
Feb
15 y4 May
Jan
•2,800
May
13% May
509
1.05
14%
29
Jan
Jan
95c
—6%
16%
16
16%
2,075
90c
85c
90c
2,000
65c
15c
15c
2,000
14c
—10c
6
6%
1,855
16%
16%
295
1.30
1.40
6,255
75c
75c
100
1%
1%
4,540
65c
70c
3,325
3%
3%
3%
——1
1
19c
19c
20c
6
5%
6
800
1.45
1.35
1.50
1,600
13%
13%
37%
210
1
...
6%
—:— ..-1
—
1.40
—lOo
Co—
—1
Feb
Menasco
—
23% Jan
29
Jan
38-
59%
Jan
Monogram Pictures Corp
61% May
79%
Jun
20%
Feb
53% May
72%
Feb
Corporation, Ltd
Northrop Aircraft, Inc
100
15
21%
Feb
Oceanic Oil Co
May
Nordon
*
»%. Feb
17 Va May
I.29
Jan
70c
200"
Mar
12c
3,900
Feb
2.05
Feb
13% Jun
15%
Feb
34%
42
Jan
220
111
54
Apr
fi«.
Rice
■
■
—
15
„5
23%
—
15
Exchange
Sales
Shares
—
Co Ltd
Range Since January i
LOW
High
Apr
30
Mar
9
Jan
12
May
7
413
8
55c
800
May
14
23%
225
775
31% May
53
192
48
21%
151
11c
13c
40
70c
75c
Jan
5,150
11c
24% Mar
■
1,094
1,743
Jan
70c
Jan
55% Jan
29% Feb
Jan
85
Jan
Feb
39
May
26% Mar
12,000
110
Feb
75c
Jan
36%
-
110
*
1
11%
16%
52%cMay
522
15%
Jun
17c
112
Apr
Mar
1.35 Apr
—•
com—25
14%
15%
31%
25
25
28%
32
28%
29%
29%
29%
1,772
29% May
29%
25
29%
29%
29%
2,234
29%
29% Jun
38%
39%
preferred class B—-—
4.32% preferred 7—
4.48% preferred —
—
6%
High
Apr
62% Feb
37 y« Apr
"
a28% a29%
—:15
—_—25c
Calif Edison
Southern
52%
52%
——
Sinclair Oil Corp
..
for Week
34%
"30
-
Corp
Trading
23%
*
Co—-——
&
26 %
1,735
41%
Feb
100
12
55c
1
common———»
Roebuck
25
30
7%
2.50
Co
Corp
Oil
Oil
123
30
„
>
1% Jun
38% May
ll7/a
a34% a36%
a34y4
- ■
Jun
i& May
;;
Inc.
Drug,
Ranch
'
>
.*
1
Signal Oil & Gas Co class ASignal Petroleum Co of California
Low
Apr
9%
Jan
56 Vz
Security Company
of Prices
Sale Price
Jan
28c
5V2 May
1.10
Corp common——•
Pacific Western Oil Corp
10
Stock Exchange
Range
Par
Mar
5
Jun
39 %
—
Safeway Stores Inc..
; stocks—
95c
3% May
39%
Sierra
•
Jan
3% Jan
:95c
1% Apr
48c
56 Va
preferred
Shell Union Oil Corp
•
1.60 Feb
.
May
-25
1st
Sears
:7■
Feb
May
15% Jan
n
.
2,661
21,829
Pacific Lighting
Telephone: Randolph 5530
;
Feb
22c
Apr
1%
"34%
37 %
—23
Puget Sound Pulp & Timber Co—
Republic Petroleum Co common.
^Week's
1.00
Feb
10
1%
-1
—1
1
Co
—'—
Manufacturing
Merchants Petroleum Co
May
89%
1.00
14%
DETROIT
Last
9V» Feb
5% May
322
8
-1
Co
Petroleum
Lincoln
Rexall
Friday
Feb
350
Jun
305
—10c
Mascot Oil Co_——
New York Curb Associate
Detroit Stock
Jan
89%
•
——
...——
101
Building
Feb
Feb
2.05
1.00 Jun
6,100
43%
8
...
common—
Kaiser-Frazer Corp
Oil Co
Richfield
Ford
May
21%
lo Va
Apr
42%
•
*
225
Chicago
62
Feb
a55% a57%
10
—
Petroleum Corp
Intereoast
Jan
Members:
Exchange
Jan
May
IJ
25
6%
—
—1
Co
Feb
Watling, Lerchen & Co.
Stock
Feb
23%
Jan
6%
York Stock Exchange
16% Mar
20
34%
.
Jun
14
2al
13%
Iftr
New
Jan
i0i>% May
17 V4 May
21% May
11% May
1,000
1.00
tmm
1
Pacific Clay Products——xPacific Gas & Elec common
Detroit
4%
12% May
25
14
26%
14%
17
Bk__ —100
Natl
Holly Development Co
22%
45%
90
a587/8459%
15 %
15 y8
*
—
4%
10%
7% May
25
Jan
Jun
13%
1
Hancock Oil Co class A common-
24%
15
a64% a67%
10
14
Jan
30
17% May
103
Feb
20%
2%
'
(The)
Corp common-
Apr
68
40%
25
12% May
900
a50% a50%
__
4
Goody car Tire & Rubber Co com
21
26%
40%
19% May
120
14%
—
—50c
Co Ltd class A—
Oil
Jade
,';.al8%
a27% a27%
150
14
23%
*
Corp—
12
366
21
2%
al7% al7%
Inc——
Products
May
May
24 y4 May
45% '.47'
*
Youngstown Steel Door (Un)
5%
25
47
*
8% Feb
; 2% Jun
So
67
.«
Van Dorn Iron Works
Youngstown Sheet & Tube—
25
■
Feb
Jan
,14ya
Apr
57
13%
__
26%
Douglas Aircraft Company Ino—
Hudson Motor Car
a7%, 47%
—10
common-,
Feb
300
26%
Feb
13
Jan
6y2
11
Feb
16%
May
,:2%
al8
•
common
39
.
,75% Jun
100
1*
.
Feb
12
75
22
i(24%
-A
_
600
Jan
May
27% May
a23% a23%
—50
8,045
9 Vb
a99y8
——
Corp.—
of America, Inc
Feb
108
19
a5%a5%
14
14'
.*
^
Thompson Products Inc
S
Iron
—
36%
31
250
a24%
.2%
1
6% Mar
Jan
14
Steel
Parnsworth Tel & Radio Corp
492
*
Jan
2%
Farmers
12%
_t
Feb
90c
Feb
19. V
31%
v
,
8%
12%
21
—
Jan
40
13
8%11%
1
45
Mar
*
j
Richman Bros
U
8%
Apr
27
6% May
Corp
35% May
Apr
13
3iy»
Pennsylvania R R (Un)
of
5
926
—20
Corp
Jun
104
;
-
19
*
;;
_
"Patterson Sargent
Radio: Corp
975
7
a20% a20 Va
19%
50
272
a36% a37Vs
31
32.
<A
—
National Tile & Mfg_x——
Oil
54%
51% Mkrx
155
19%
1——?
Nestle Le Mur class A—_____
N Y Central RR. (lJn;_—
Ohio
6
6%
General Motors
Jafcger Machine ——...._—J
Jones. & Laughlin. Steel (Un)
Keriiey Island. Lime &.Trans_:
Metropolitan' Paving Brick.."—
National
31% Feb
Jun
25
'
♦
•
'52
165%
51%
.18
___
,
125
25
105%
Industrial Rayon (Un) ————1
Interlake Steamship
*
5%
29% May
65% Feb
Jan
75";:
Bros
&
Preferred
60
Electrical
Halle
62%cMay
7
al04%
Fuel
Colorado
34
29
200
6
Corp
51%
-
75c
High
6%
Jan
Feb
18
100
/——.—....i_——'
Bros
39%
20
Cooperage class A—_l—.*
Preferred
Greif
17%
9% Jun
38%
29
75c
——...—.
Aircraft Co-
a43% a43,%
common
18% May
1
Products
a49% a50%
1—„——-*
Goodyear Tire & Rubber Corn—
—*
Great Lakes Towing common
.—100
Goodrich
665
Low
3V8
Jan
29%
Jun
10
38%
20Va
20%
*
Broadway Dept Store
Byron Jackson Co
Jan
51
.V
—j.
550
—2
Corp
May
*
(Un)
Glidden Co common
Oil
Chica
Bolsa
18%
a9%
a9%
4%
•
43 vb
a34% a35y8
1
...
.
High
4%
1
Basin Oil Co..
15
.10
(Un)______
(Un)
Electric
Consolidated
Range Since January 1
Low
4%
•
common..
Barnhart-Morrow
Cessna
Gabriel
Corp
Bros
200
23
a43% a43%
25
(Un)
37
708
5
Faultless Rubber
Firestone
145
23
22%
23
5
15
(Un)
Shares
1
Petroleum Company
Bandlnl
Blue Diamond Corp.
a385/a &39%
—*
—
for Week
Feb
"X
Cliffs
Bangs
of Prices
Par
High
5%
Jun
200
28
—
4
14%
13 Yz
14%
American Coach & Body—,
Low
200
4
Sales
Last
STOCKS—
Range Since January l
High
.
4
4
Week's
Friday
Shares
Sale Price
for Week
Sale Price
STOCKS—
Angeles Stock Exchange
Sales
•
14
16%
May
30% May
28% Ma^
100
Jan
34% Jan
\ 32% Feb
Jun
Jun
"
Products
Aeronautical
Allen
Electric
—I
—,
—J——
Brown-McLaren
Davidson
Detroit Edison common
Ale
Fruehauf
2%
19
15%
Jan
450
May
20%
Feb
500
6% May
12%
Feb
7%
100
7%
10%
7%
6%
5%
510
6% May
8
Jan
850
5
6%
Jan
May
27%
10% May
12%
—*
Company
of
1
Sunray Oil Corp.—
24
3,588
1,140
23
ii%
3
3%
1,850.
3
Jun
4%
Feb
10%
500
9% May
14%
Feb
4%
600
4%
Apr
5%
Jan
1%
4%
.
Jun
2%
Feb
24% May
5% May
30%
Apr
790
9%
Feb
57
306
52%
65 %
Hoskins
Manufacturing
Hudson
57
100
.
6
Jan
Jan
7%
-1
2,125
5%
700
5% May
6%
Feb
3%
~3%
7%
5%
1
3%
600
3
5%
Feb
Kaiser-Frazer
'
y
Kinsel
t
*
,
,,
■
'.
.
i
—
8
Jun
>r
-
300
15
650
Feb
.
1%
3%
•>
(
2
Transcontinental
1
-to-cr
"*
Feb
5% Apr
9%
Feb
4%
5%
Feb
Jun
Western
&
Air
-
,
f
peninsular Metal
Rickel (HW) Co
7; River
100
1% May
2%
Feb
2% May
6%
2
Mar
2%
Jan
75c .May
1%
Feb
3,265
1% May
3% May
100
*500
200
19
12
^2
1,000
"
4%
.
12
r
18%
Apr
4%
10
,100
2% 7;)
2%
600
4%
2%
^
2% Feb
4%
"210
3% May
436
3% Mar
15
4%' Jun
450
Feb
-23% Feb
.May
2% Jun
.
Raisin
——1;
Products——_—_l
—2
Paper.
"3%
4%
Superior
.
8
■8%
u**-
.4
.
4%
,8%
1,459
1,600;
10%
Standard Tube class B
commoh_i_xiLl:
Tool & Diei—,
——
i
3
__-i
100
:
>3 %
3.
.
3
100
.
12%':' 13
__x—ix—-l )
Feb
3% Apr
Inc_5
n 8
.
"
Investment
*
Radiator common
6.
,
Walker & Co common—
Warner Aircraft common
1,099
12
" 6
i
-
For
footnotes
see
4
—
-page
46.
600
T1%.,12-..
1%
'500
15%
:vi%
'
Wayne Screw Products
210
,
15%
—
2%
175
12% Jan
19%
Feb
12%
3,653
Jan
.50
10% May
15% May
15%
a 14%
20%
21%
21%
67
67%
26%
27%
20
720
27
1.4&5
Steel
Corp
—•
10
2,491
20% Feb
May
22% Jan
79% Feb
63% May
23% May
29 Va
Apr
Mining Stocks5%
450
10c
25c
20c
26c
4,000
.—1
1.50
1.20
1.50
400
25c
4%c
4c
4%c
—25c
9c
7c
9c
30,000
5,800
14
14%
a52%
a54
125
161% 162 Vz
a48% a48%
1,453
Alaska Juneau Gold Mining Co
Calumet Gold Mines Co
Cons
5%
5%
10
:
Chollar G & S Mng Co—,
Imperial Development Co Ltd
Gold Mining Co——
Zenda
Unlisted
4
May
20c
Jun
6%
50c
1.00 Feb
Feb
Apr
2.00 Apr
5c
Jan
San
Stan
Rad
Amer
Smelting & Refining Co
American
2%
2%C
Apr
5c
Jun
12c
Jan
Stocks—
Amer
&
Corp.—
Viscose
•
—*
100
—
—14
Corp
—
Atch T & S FRy Co—
34%
5
11%
.100
3
16%
11% May
557
51%
160
58
Apr
173
May
Feb
Feb
Jan
50
52% Mar
52% Mar
180
31%. May
42
11%
200
a74% a77%
—
50
Anaconda Copper Mining Co
Armour & Co (111)
Avco
Mfg Corp
165
10
May
71% May
97
4% May
a32%
a35
10%
—
Bethlehem
.
I
)7% Jan
9%" Jan
3% May
3
Steel Corp
Borden Company
Pacific
Cities Service
4% Feb
Jun
4%
11% Ja n
-
505,
575
6
Mar
15% Mar
7
11
May
14% May
iy« May
2
Jan
18%
15%
.
2%
2%
L
18%
..
Jan
Ry
—
a44%
—
25
Co————:—10
Gas & Electric Corp—
Commonwealth' Edison CO—...
Commonwealth & Southern Corp.
25% Jun
39% Feb
96
May
80
78
10
40% May
46% Mar
50
600
143
11
400
40
"15% Feb
2% May
24
63
Feb
12
May
Feb
32
Jan
10
Jan
46%5Jan
28% Jun
710
85
Feb
42% Jan
"
9% May
68% Apr
11
10%
—
2%
—•
24
Mar
a29% a29%
*2%
2%
11
.25
75
10%
__
Columbia
17% May
22
100
653% a54ye
a3Q% a33%
__
ft53%
Tractor—-—
7% Feb
33% Apr
410
a79% a83 %
a40% a40%
a44% a44%
a83%
15
5
—
18%
a26% a26%
__
—
———
200
Jan
31% Feb
3% Jan
Jan
13% Feb
Jun
—
Borg-Warner Corp.—.
5%
a29% a30%
13
Company—.—_——5
Bendix Aviation Corp
-6
Caterpillar
4% Jan
8% Apr
,13% Feb
Works—
5%
Oil
4%
Jan
....
Locomotive
Barnsdall
6% Jan
.
~
Union
Feb
10% May
11%
al2% al2%
67%
States
Consolidated
Udylite Corp
Feb
58
Jan
Feb
99c
18%
..x/-
ShelMr Manufacturing
,
7%
al4%
al47/8
Union Oil of California common—..25
...
10,360
i%:„.T%
4
4%
—_60c
li—J,
47
Apr
51% Mar
2,205
United
'Canadian
V Park Chemical
35
1,789
9%
12
-.2
Universal Cons Oil Co
Baldwin
2
.
95c.:
99c
1
t.
58
9%
al2%
50c
*
———
Corporation
Jan
20
100
•
__1
Mid-West Abrasive
Feb
18%
Apr
13% May
,
Screw Products
.McClanahan . Oil Common <— '
Michigan Sugar common—
;M°tor - Products —v.
Murray Corporation
National Stamping *
21
13%
100
6 % :.ve%
4%: '■;4%
1%;
1%
3%
3%
1
1-1
2
-
-
..
16
13%
16% May
200
15
14%
__1
.1—
Wines
16%
16
a*-
x
L__
«...
Drug
LaSalle
MascO
:
1
—a
—
Kingston Products
16%
i.*
_2%
—
—
Motor Carx
56%
Feb
1%
25%
5%
"7%
500
6
1%
25%
1%
6
Textron Inc
Transamerica
American Tel & Tel Co
Houdaille-Hershey
640
58
9%
—*
Calif
Apr
Apr
May
10
2%
*
—1
—
7
5%
.
11%
10
Paige ;
Jun
23%
11%
1
Brewing
Co
Feb
—1
—
Paoific
Jan
1,455
__1
:
—*,
Gerity Michigan Die Casting—
Graham
1% May
12% May
7%
—1
—
Industries
General Motors
Goebel
Standard Oil
13%
1
a
—
—a—
Trailer
Wood
Southern
Feb
Jun
19%
1
Truck
Frankenmuth Brewing
Friars
Jan
200
2
20
7y4
10
20
Detroit-Michigan Stove
Electromaster, Inc.
Gar
5%
Jan
13
,—1
common—
Motor
3%
15%
19%
13%
_1
Bros
Apr
3% May
100
10
Detroit ft Cleveland Navigation
Federal
1%
—*
—
Motors
Milner
Crowley,
400
1
Consolidated Paper
Continental
2%
615
3%
20
20
1
—
2%
3%
,
2
Adding Machine—
1,
Burroughs
-
2%
2%
—l
Products—
Metal
American
Mar
Vultee
Aircraft;—...
Continental Motors Corp
—
..1
Corp———_
-.5
Curtiss-Wright Corp common;——
-.1
—
100
101
11
.26
May
7
225
B28%a28%
7%
..5
Oil. Co
i2% 12%
7%
7%
a4Q% a40%
..
-1
(Del)-u_.—-
Continental
May
:
.—;
■
17% Apr
12% Feb
-
Feb
Jan
Feb
Jan
Crown
Zellerbich
..1
■
—
..
,
—
I
4%
600
al3% al3%
25
4%
26
31% Mar
Jun
4% Jun
13
May
,
6V« Feb
20
Feb
39
40
THE COMMERCIAL & FINANCIAL CHRONICLE
(3200)
OTHER STOCK
RANGE
Week's
Last
Par
General
Electric
General
Foods
Goodrich
*
Co
Corp
——
*
Interlake
Iron
33
39%
Feb
42%
Jan
330
3%
1,020
*
10%
10%
200
Nickel
Co
of
Canada—*
a30%
a31
65
32 % Mar
11
11
150
9% May
3%
•
International Tel & Tel Corp
13
St. Louis Listed and Unlisted Securities
High
May
41% May
49% Jun
-
49%
Corp
International
Low
129
3%
1
Corp
Graham-Paige Motors
JUNE
Range Since January 1
512
49%
Co
(B F)
Shares
35%
34%
*
EXCHANGES
ENDING
for Week
a39 Va a39%
35%
WEEK
Sales
Range
of Prices
Low
High
Friday
Sale Price
STOCKS—
FOR
Monday, June 16, 1947j
3
65% Mar
May
5%
13%
Jan
36
Jan
17%
Edward D. Jones
Feb
Jun
10%
Feb
Established
300
&
Co.
1871
North 4th St., St. Louis 2, Missouri
Members
*
Kennecott Copper Corp
libby McNeill & Libby
*
—
Montgomery Ward
American
RR
Pennsylvania Railroad
Phelps Dodge Corp
Co
Oil
Pure
Company
Southern
Railway Co
Standard
Brands
Standard
Oil
Standard
Stone
&
Co
Oil
Co
(N
Webster
&
Gulf
Carbide
_
Union
Pacific
United
Air
United
Aircraft
United
U
Lines
Corp
Co
—100
Inc
Feb
75
37%
Apr
41%
547/a
Jan
60%
Feb
a56
24%
540
7%
239
7% May
25%
435
23% May
22%
Apr
25% Mar
10%
Friday
a
129%
Feb
30%
16
Jun
47
Feb
16
507
14
354
30%
15
31 % May
31% May
250
37% May
41%
40%
Mar
Jun
Jan
Feb
72%
Jun
Mar
65%
15%
Jan
75%
345
7
19
575
16% May
25%
Feb
a32
140
34
37%
Jan
80
57%
Apr
60% May
a 49%
35
47%
Apr
51%
Jan
15
Apr
19%
235
18% May
20%
Apr
170
93%
93%
Jan
al28% al30%
45
a
Jan
a—
—
593
—-
a__
a21% a21%
20
22%
Feb
27% Mar
19%
20
270
17%
Jan
20%
Apr
2%
120
4%
Jan
a41
2% May"
20
a41
43% May
59
Feb
for Week
of Prices
Shares
Par
American Inv
Shoe
Coca-Cola
Electric
Motors
140
12%
Jan
14% May
25%
26%
170
25%
Jun
36%
29 y4
28
29%
573
25
Jan
30%
Feb
14
14
14
117
13% May
18
Feb
32
May
39%
56
571/3
172
51%
Jan
65%
65
62
65
110
55
Jan
65
Mar
25
May
30
Mar
5
common—
(Un)
common
•
(Un)
common
333/4
10
Huttig S & D common
j
•
5
Shoe
Laclede
Steel
North
70
Feb
Feb
25
24%
Jan
26% Mar
37 Va
Jan
42 % Mar
191
600
210
90
40
5
9
12
7%
Jun
21
15%
Jan
Feb
12
May
15
May
Mar
Jan
28
Mar
Jun
16
May
15
2,400
14
May
17%
19
1,747
18
May
22
23%
7%
5
23%
7%
8
24
950
23%
7%
Feb
Mar
33%
Jun
Jan
10%
Jun
Jan
14 %
44%
15%
795
13% May
18
Jan
42
„
15
Jan
21o
14%
23%
50
new—
15 y2
114
18 %
„
25
class A
& Fuller com
Electric common
23
15%
„
*
9
13%
23
25
(Un)
common
5
9
*
Baer
Stix.
5
12%
13%
20
Cement
St Louis Public Service
Wagner
38"%
1
Piping & Supply common
American
26
38%
5
common
Portland
28
26
—
1
common
common
Meyer Blanke common-.
Midwest
28
4
common
Johansen Shoe common—.
Laclede-Christy
355^
•
Park Brewing common—
Hyde
High
13
25%
Griesedieck-Western Brewing
International
Low
12%
-.15
___1
Brewing
General
Range Since Januaryl
High
13
common
General
Low
.1
common
Bottling
Columbia
Missouri
2%
19%
_
__
S Rubber Co
SL
Sales
Range
Sale Price
STOCKS—
Knapp-Monarch
104%
alOO
--
7600
TeletyDe
Exchange
Week's
Last
Feb
31%
19%
—
.
al04%
Bell
St. Louis Stock
Feb
10
a49%
—10
Corporation—
(Del)
a63%
10
Railroad
26%
a60% a63 %
♦
•
May
653
a31
„
Corp__.
30%
18
18%
18%
—
Carbon
23% May
Jan
75%
25
&
70
CEntral
Feb
all% all%
.
_
Tide Water Assoc Oil
Union
7%
40%
♦
Sulphur Co
5% May
15%
25
Company
785
30%
25
J)
5%
a28% a28%
*
__
Texas
15%
<■
Co
Texas
15
Inc
Apr
25%
_
(Ind)
Studebaker Corp
Swift
—
_
Inc
Phone
Exchange
Chicago Board of Trade
York Curb Exchange Associate
Feb
23%
7%
25%
Exchange
Stock
Feb
604
23%
25%
24%
Louis
Feb
10%
32%
7%
Brown
•
Socony-Vacuum Oil Co
22%
a56
*
Stock
Feb
a36% a37%
•
Corp of America
Republic Steel Corp
62%
York
Chicago Stock Exch.
New
Jun
18
•
Radio
Apr
St.
Feb
Jan
24% May
21% May
36
132
.
25
Pullman Incorporated
12
10%
a25% a25%
—.
_50
_
578
24%
5%
5%
1
46% Mar
25%
May
14%
a7%
23%
--
•
Apr
Jun
May^
51%
a7
»
_
8%
387
24%
—
_
43%
21
57%
a7%
10
Paramount Pictures Inc
325
100
275
13%
-1
Packard Motor Car Co
44
8%
57%
•
Co
Oil Co
Ohio
*
Inc
Aviation
American
North
& Co,
Central
York
New
North
44
8%
a21% a21%
_7
—
Loew's Inc
New
44%
332
38
52
May
May
I
Warner Bros
Pictures Inc
5
15%
Union Teleg Co class A_
Westinghouse Electric Corp
-12%
Willys-Overland
Woolworth
Co
Motors
Inc
28
15%
805
13% May
18%
19%
Western
21%
375
17%
23
Feb
27%
28
452
22% May
28%
Feb
13%
Feb
50
Feb
Jan
1
8%
8%
235
7% May
10
(F W)
48
48'%
325
44% May
Feb
San Francisco Stock Exchange
Friday
Week'3
Sales
Last
Range
for Week
Sale Price
STOCKS—
of Prices
Shares
Par
Alaska Juneau Gold Min Co
Philadelphia Stock Exchange
Friday
Week's
STOCKS—
Sale Price
Par
American Stores
American
of Prices
Shares
Tel
Low
•
Tel
&
Wks
24
23%
Low
563
24
Budd. Co
158 %
156 7/a
163%
1,716
13
vtc
of
Diesel
18%
17%
18 Va
n%
10%
11%
446
105%
1
Publishing Co
General
Gimbel
Motors
3%
8%
•
Delaware Power & Light
Electric
Storage Battery^
13 %
57
5
Store—
Lehigh Coal & Navigation
10
;
National Power & Light,:
10
7%
8%
*
^
19%
20 Va
51%
57 %
Feb
Calamba
24%
Feb
Calaveras Cement Co
15
Feb
California
May
Apr
22%
3% May
6% May
1,127
250
1,676
10
Sugar
Art
1
6
1
Pennsylvania Power & Light
Pennsylvania RR
■
*
20%
50
18%
Pennsylvania
10
Salt
Manufacturing
5%
8
690
6% May
12
Jan
200
10
240
Jan
4%
4%
400
11%
11%
200
a21% a21%
3
6%
Feb
Jan
6
Feb
California
Feb
California
Ink
Packing
12%
Cotton
e
1
200
4
11%
4%
Jun
*
Jan
11%
Jun
25%
May
20% May
6%
6%
630
4%
4%
100
14
14
57
2%
2%
2%
100
2% May
'
7%
7%
100
7%
44%
44%
10
27
52%
28
746
52%
53
53%
110
125
2,300
57c
Jan
105% 105%
580
86%
Jan
100
49c
—
*
..
*
—
*
5
Co
—
*
Corp
Preferred
24%
Jan
Jan
51%
Feb
6% Mar
8
4% May
13%
Jan
Mar
6% Mar
,
15%
Apr
3
65%
Feb
Caterpillar Tractor Co
May
39%
Jan
Central
28
*
common
40
Jun
Feb
11
Jan
46%
Feb
Apr
30
Feb
25
52% Mar
55
Jan
526
50 % May
63
24%
May
Jun
Jan
17
9% May
4% May
1
May
5%
Jan
18 y2
3,691
—
—
A
Mills
19% May
9
„
«
*
common
class
51%
12
200
—
Feb
.
Eureka
50
.
Mining
Co
May
—
•
common
—
1
125
5
common
105 %
Feb
1.45 Mar
105%
Jun
54c
Apr
Feb
12
8%
Jan
1%
Jan
7%
Silver Mines
Clayton
Clorox
G
1st
51c
.3%
———
E
&
pfd
51c
May
22
241
20%
Apr
30
Jan
26
279
25%
Apr
28
Jan
13
26
22
26
—
25
13
225
13
Jun
Feb
20%
1,567
17%
18%
3,318
17% May
27
Feb
Columbia
45
615
38% May
51%
Jan
Commonwealth
22 y8
10c
Chemical Co
Counties
431/2
19%
6%
:
105%
Coast
Pennroad Corp
8
—
Tile
47
350
5y4
1
36
Feb
174%
85%
205
55
9%
Apr
Apr
—.*
cap
28%
Jun
9
1,955
51/4
50
4
28%
-
Chrysler Corporation common
Lehigh Valley RR
1,500
1,440
.———100
Co_
May
156%
100
22
lo
Brothers
3%
51
19%
•
Corp
5%
31%
2
Dept
Byron Jackson
California
Curtis
Co
4%
30%
Co
Broadway
High
A
N
16y2 May
570
98% 105 Va
23
125
5
High
5%
31%
2.50
Class B
Chrysler Corp
Cooper Brewing
Low
10
20
Bank
Engine
California
Oil
Bishop
Range Since January 1
High
100
Locomotive
Imp
Bank
for Week
•
Baldwin
Atlas
National
Range Since January 1
High
Sales
Range
Last
Calif
Anglo
Low
Jan
Colorado
Fuel
&
Iron
Broadcast
*
common
System
cl
—
A—2%
Edison
a26% a26%
70
a29% a29%
—
a29%
25
41
a——
29 %
16% Mar
a
Apr
32%
Jan
Consolidated Vultee Aircraft
Philadelphia Electric Co
$1
preference
common
•
•
common
Philco Corp common
25%
3
23%
24
28%
23%
28%
24%
25%
23
Jun
27%
26%
Jan
29%
Feb
12%
12%
12%
100
12% May
17%
Feb
Creameries
1
14%
14 %
14%
871
11% May
23%
Jan
Jan
419
1
2,859
Scott
Co
common
•
Sun Oil Co
♦
45
■
1
Transit Investmt Corp 6%
United
Corp common
$3
part pfd—25
21
Jan
30 y8
Feb
177
17
May
21%
Feb
Preferred
*
43%
45
278
41% Mar
49
Jan
2nd
*
57%
97
50% May
74%
Feb
Gas
1%
~4%
1
""5
preferred
United
Improvement
13%
Bank—
165
19
Crocker First
Di
Tonopah Mining
common
56%
_50
Paper
Amer Inc
18%
1%
4%
4%
2%
~~
II
3
1
30
1%
Apr
1%
Jan
1,108
3%
Jan
5
Apr
205
2% May
4%
49%
50%
428
49%
Jan
53
20%
21%
867
20%
Jun
24 y4
Natl
Zellerbach
Crown
Reading
of
100
preferred
Giorgio
Fruit
cl
Corp
com
Mfg
Co
Jan
El
Electrical
Works
Oil
Dorado
Food
Pittsburgh Stock Exchange
Week's
Range
Sale Price
of Prices
Corp
Products
Par
Allegheny Ludlum Steel
•
Blaw-Knox
♦
L010
Columbia
Co
Gas
&
Duquesne Brewing
Follansbee
Harbison
Lone
5
Steel
Walker
Refractories
.
Mountain Fuel Supply
National
Ohio
Oil
&
2nd
Conv
14%
20
Feb
Golden State Co Ltd common
665
10
321
23% May
15% Jan
22% Mar
Hale
21%
79
19%
24%
Hawaiian
May
Apr
12
Jan
Feb
18%
18%
230
17%
Jan
19%
Jan
Ms
6%
200
6%
Jun
6%
Corp
Greyhound Corp
Bros
15
14%
15%
common
Stores
Inc
Pineapple
Co
Development
25
13%
Apr
15
Jun
Hudson
1,187
14%
Jan
16%
Jan
Hunt
%
1%
6%
1%
265
5% May
10%
Feb
46.
Jan
600
17% May
32
Jan
100
16
May
32
Jan
450
6
May
11
Feb
450
23
Jan
36
Mar
18%
18%.
7
13%
37
13 %
142
38 %
1,000
32% May
49%
Jan
17%
17%
164
17% May
23 %
Jan
6
6%
1,382
a77% a77%
27% 27%
75
51
—
—
1
6%
a77%
—
2
-
21%
4%
52 V4
26 %
26%
100
27
27%
370
24%
•
—
Jan
579
227
27%
—
Feb
Jan
28
625
*
26%
9%
92%
5%
—
,
26 %
3,303
96
96
a29 a29%
30
90
22
22
150
18
98c
47%
20
1.05
49 %
1,165
1,450
568
Feb
May
55%
21%
*
15%
27%
5%
—
•
5
Apr
71% May
55%
21%
—
.-10
•
13%
Jan
Jan
6
May
Jan
65%
Feb
May
28%
Feb
24 % May
35
Feb
26
34%
Feb
35%
Jan
19
22%
96
May
Apr
May
103% Mar
*
*
—
.
—
—
27
Apr
22
May
17%
37%
Jan
29
Jan
Feb
Apr
25%
May
1.35
Jan
Apr
49%
Jun
May
15% May
20%
Feb
95c
Motor Car
Foods
Inc
Co
common
1
Feb
1 %
3
Jun
5
34%
227
7%
85
13c
-11c
30%
30
26%
13c
30%
28%
6,000
Kaiser-Frazer
84
265
Corp
common
Feb
Langendorf United Bakeries cl A
42%
Feb
Leslie
7% May
9%
Feb
10c
Jan
27% May
22% May
*
6.66%
2
Apr
32%
—*
49%
—
16%
85c
al5
al5
15
16
16%
1,800
85c
6%
2,550
1,289
28%
* 70c
6
28%
39%
14
29
Jan
Jun
1.45
Feb
5 % May
9%
Feb
34%
Jan
70c
Jun
600
7%
27%
Jan
Jan
123
67
27%
10
25
1
Honolulu Oil Corp capital
Class
12.50
32%
May
112
Jun
6
32%
•
390% Mar
108
29% Mar
25
200
in
Apr
27%
!_100
preferred
18%
•
Brake
Corp common
Gladding McBean & Co
20c
Libby
Feb
28%
Feb
*
10
Co
McNeil
& Libby
Aircraft Corp
—
28'%
24
—
267
27% May
23
24
580
20% May
30
Jan
34%
35%
52
33 % Mar
37
Jun
8y4 May
7
—
—
8%
12
8%
1
12
320
100
—
13%
13%
32%
124
280
10%
Apr
10% May
20
Feb
12 Va May
17% Feb
31%
40 V2 Mar
Jan
35%
1
*
B
Salt
Lockheed
page
common
Corp common
Feb
24%
1
;
see
Service
48%
24%
6
1%
107
Jun
May
6%
38%
•
common
preferred
preferred
High
15
1
5
Electric
footnotes
3
*
common
San
For
6%
5
Pittsburgh Plate Glass
Pittsburgh Screw & Bolt Corp
Westingliouse
14%
25%
—
,20
IXL Mining Co
Gas
Toy Mining
Westinghouse Air
14%
32% May
13% May
1
Holly
18%
10
Fireproofing Corp
Pittsburgh Brewing
100
11
Linen
Paint
21%
I_*
5
;
34%
10%
10
Hemphill
McKinney Mfg
Low
General
18%
24%
10
Star Gas
Mackintosh
14%
Range Since January
17%
4
_—
Corp
Kleiser
General Motors
High
33%
•
&
Galland
Sales
4c/o
Electric
Machinery
Foster
for Week
Shares
17%
350
102
7
*
Farnsworth Tele & Radio
Last
146
Feb
Mar
Ewa Plantation Co
Friday
18%
•
Emporium Capwell Co common
STOCKS—
10
1,147
111%
—
5
350
28%
102 102%
28%
—
—
——,——5
Class B common
Doernbecher
A
350
350
5
Corp common
Co
Marchant Calculating Machine
Magnavox
—1
5
—
31%
Jan
.Volume 165
Number 4603
THE COMMERCIAL & FINANCIAL CHRONICLE
OTHER STOCK
FOR
KANGE
Week's
Friday
Range
Frank
&
Menasco
Co
Mfg Co
Inc
10
1
common
Morrison Knudsen
5i/2%
American
United
Pacific
Can
Low
*
common
24%
149
1.60
1.50
1.75
3,715
1.25
140
12%
13%
Cons_„
5%
1st
14%
Columbia
Feb
Commonwealth
Feb
Consolidated
Edison
30%
Jan
Consolidated
Natural
760
370
G'/a
37 Va
6
6%
37%
8%
1,020
34%
5,863
is
36
a55% a56%
35%
14%
27%
14%
27%
13
Jan
Continental
12 Va
Jun
Jan
Crucible
May
9%
Feb
Jun
if
1,192
a56%
6
34%
66,678
39%
Mar
10
100%
42%
Jan
li'o
May
Apr
38 Va May
748
35%
Jan
38 Va
185
32
Feb
35'/a
200
12%
Feb
15
27 Va
Apr
415
99 100%
466
50
a58% a60%
*
63
95
Jun
26%
-
Feb
129
Jun
78
Feb
57
Feb
57%
25%
Feb
3074
Feb
Jun
27%
Jun
93
Jan
20
20%
270
18% May
25
36
36
195
35%
Jan
38
25%
Feb
10 pesos
850
19%
Apr
15%
35%
22
15%
200
14 'A
May
35%
35%
70
34%
Apr
4
100
17%
12c
17
17%
450
15% May
23%
23%
515
2074 May
32,700
10c
12c
34
36%
792
29%
29%
307
Waialua
West
25
106
55%
Co
9c
—
-
37%
19%
Marine
Matson
20c
May
Jan
McKesson & Robbins Inc
Jan
38%
Jan
112
Mar
56
625
29%
Jun
29%
Jun
825
29 Va
Jun
30
Jun
N
36%
Jun
35
Apr
47
17%
Jun
Central
17%
140
11%
550
Feb
21
9% May
Mar
15%
RR
Sugar
2,185
51% Mar
58%
Jun
Ohio
Oil
19%
470
18 % May
20 % May
Olaa
Sugar
12%
7,679
10% May
15%
Baldwin
5
14%
14%
14%
100
21
21%
1,876
& Ohio RR
19%
270
a22% a22%
63
19%
a22%
67
26%
Bendix
Aviation
Berkey
&
Gay
Bethlehem
29%
Corp
Co
Blair & Co Inc capital
Borden
Co
Bunker
Hill
Sullivan
45% May
16
Jan
32% May
39% Jun
39%
Feb
39%
Jun
660
35%
566
a38% a40%
111
70
a
43
Jun
60%
250
3 % May
5%
Feb
300
5
8%
Jan
7
Feb
4%
4%
150
3
3%
4,470
Feb
4% May
Feb
Jan
3 Va
Feb
Apr
9% May
36%
Jan
17%
Feb
2.80
a30 a30%
115
al0% all%
45
a38% a40%
210
a__
a43% &44%
117
44
21%
__
21 %
160
a33% a33%
20
30%
a—
—
20%
—
49%
Feb
2574
Feb
'A May
a—
Feb
a__
—
—
27
37
May
49 Va
Feb
22
137
20
May
26 Va
Feb
a31% a31%
50
15c
15c
500
15c
May
53%
53%
497
50
1.50
1.50
15%
15%
__
15%
a—
1
200
Feb
23c
Feb
64
Apr
2.50
Jan
19 %
Feb
1.50 May
__
730
14
19%
19%
984
1774 May
22% Mar
13%
14%
2,450
12
May
22
Feb
7%
__
14%
7%
105
7
May
10%
Feb
24% May
32%
Feb
14
May
22%
Feb
1574 May
21%
Jan
a24% a24%
35
17
17%
1,235
17%
18%
142
24
24
130
4
20
Co
66%
67%
common
Co
__
•
14%
Jun
Pacific Portland Cement
Apr
22%
Jan
Packard
19% May
21% Jan
23%
Apr
Pan
28%
Apr
Paramount
Pictures
490
Park
Cons
62
May
78'A
Feb
American
Utah
10
common
4
100
15%
.100
Co
116%
•
——
Motor
24
20
...
,
Jun
a5%
common
Airways
May
27
550
24%
Jan
29
Apr
300
8 %
May
11%
Jan
29
29%
218
27%
Jun
37%
Feb
Pepsi Cola Co
Phelps Dodge
1
Pennsylvania RR Co
8%
—
.1
common
50
a
__
•
__
16
168
13
115 116%
144
106
35
26
26%
380
23% May
34%
Jan
20
170
17% May
23%
10%
10"%
470
974 May
50
2%
2%
18%
670
9%
1,000
9
Apr
11%
Jan
Radio
26%
27%
40
26
Jun
29
Feb
Radio Keith Orpheum
Republic Steel Corp common
Reynolds Tobacco class B
Feb
15
Feb
May
30%
Jan
2'A May
4%
Jan
23
175
18
Feb
7%
18
26'%
May
31%
29%
31 %
970
25%
38%
38%
38%
215
37% May
Jan
Feb
31 Va
Jun
42
.'
Feb
Jan
9
Feb
120
5 Va May
25
20
Feb
18%
Jan
a5%
—
5%
Jan
a5
33 %o
Corp
a—
—
Jun
4
a26% a26%
2.50
Mines
26%
-25
3'A
—
3%
200
3
2%
2%
100
2%
Mav
5%
Feb
Jun
6%
Pullman
Inc cap
•
Corp of America
Riverside
Cement
Co
a56% a56%
60
Jan
58
Mar
*
common
a23% a24%
155
21% May
25
Mar
8%
710
7% May
•
class
54 Va
8%
7%
1
12'A
11%
12'A
,050
25%
25
25%
840
23
145
a__
10
A
a40 a40%
*
Feb
May
15%
Feb
May
11
•
fio%
30%
Feb
—
a—
—
Feb
20
29%
27%
29%
40
10%
10%
10%
300
•
al4
al4 al4%
185
11% May
17
Feb
50
53% May
57%
Silver
King Coalition
15
15
100
14% May
18%
*6
Feb
Jan
26 % May
♦
__
a54
a54
9
100
__
*
__
161% 161%
28%
30%
1,908
160
400
35
Feb
16%
% May
May
Feb
174%
28% May
50
5
100
__
3%
__
a23%
34 %
34%
3
3%
700
78
78
165
a23% a23%
8
286
Feb
43% Mar
31% May
2.80 Jun
69
41%
Oil
Bo
Cal
Ed
Ltd
Oil
3%
Feb
Jan
100
5
1
•
1
__
3%
15%
620
14
May
16 Va
Jan
15%
16
,459
14
Mar
16
Jun
25
Standard
Oil
Co
of
Corp
&
Texas
Company
United
Aircraft
N
a31%
a31
a3^
261
a28% a28%
30
—
*
J
200
4%
30%
Jun
Jun
34% Mar *
Jan
34 Va
35
Feb
Mar
25
75%
75%
75%
1
common
Co
19%
17%
19%
685
1H% May
2*
''8
r eD
32
32
156
32
Jun
36%
Jan
Jun
61%
May
2% May
20'A
Apr
4Va
Jan
25
__
457
63% Mar
25
common
Corp
5
common
61%
5
61%
280
61
19 %
20
536
17
274
20
1
3
950
75%
Jun
270
16% May
24%
3%
3%
700
3
May
4%
Jan
15%
2,415
14
Apr
18%
Feb
28c
Jun
50c
Jan
4
Feb
10
140
7% May
16%
Feb
Jun
15%
*
17%
10
a29% a30%
1%
14%
16
Inc
United Corp of Delaware
a.
17%
—
4'A
15%
5
capital
common
Brands
Studebaker
4%
•
15
Corp
Soconv-Vacuum
Feb
96 %
May
a
1%
1%
75
200
28
May
38'A
Feb
1% May
2%
Jan
a79%
3%
a84
165
3%
3,632
78% May
3% Apr
15
&
a44%
10
Ltd
14%
Warner Bros
Westates
—
a40
a40
50
a—
2%
17%
16%
17%
410
16
Petroleum
5
common
.
1
1
Union
Telegraph class A
15%
30c
30c
223
3 74
4%
1,413
Va
Jan
20%
374
*
20%
135
17 Va
Jan
23
Feb
26%
28
810
23 Va
Jan
28 %
Feb
3'A May
91% Mar
5'A
Feb
a
May
Pictures
Preferred
Western
common
44% May
10% May
11%
7
100
cap
50
13
Furniture
Steel
265
11%
7
1
common
8%
1
5
common
a44% a45%
38
Aviation
20
*
Locomotive
Jan
3%
—
•
Utah-Idaho Sugar Co
Baltimore
25 Va
Jan
—
Topeka & Santa Fe
2174 May
3%
—
5
1
CorporatiQ.n.
678
385
—
—*
Northern Pacific Railway
Swift
Atcnison
23%
•
capital
North American Co
Standard
Atlas
Feb
23
-
5c
1
Copper Mining
Argonaut Mining Co
6%
Jan
11 %
20
Anaconda
Feb
7 Va
4'/a May
43
18
Copper
American
19 %
10
com
12
300
260
40 Va Mar
Y
12
Smelting & Refining
Woolen Co
Feb
May
8%
38
NaSh-Kelvinator Corp
Prod
Sinclair
American
36%
21%
National Distillers
30
19%
common
Co
12%
Jun
Jun
29%
10
American Power & Light
Tel
May
24'/a
4%
43
—
1
29%
City
58%
1
Tel &
Feb
7
Jan
*
Montgomery Ward & Co
57%
Corp
American
Jun
3%
_*
M J & M M Cons
Preferred
San
44 %
Feb
30
Bancorporation
Navigation Co
Jan
2,227
•
Std
Jun
V2
8
3%
*
58%
common
Radiator &
Feb
44
43
•
Jan
10
25
.
29'A
221
4%
__
•
common
(R H) & Co Inc
42
40%
10
Foreign Power
American Factors, Ltd
245
Jan
Unlisted Securities—
American
1
common
•
84%
17%
12 %
&
Jan
3%
-
Kennecott Copper Corp
Loew's Inc common
766
36%
2
common
American
a40%
*
100
270
& Western Air
—
Jun
1174
a49% a50%
*
common
•
56
1
common
33%
35%
—
-—*
common.,
Inter Tel & Tel Co
•
Preferred
Alleghany
a45
1
Pure Oil Co
Cab
•
common
1
110
37%
...
Co
—
_i
2
Dept Stores
new
Co
%
55
36%
,
Oil
8%
Jan
10% Apr
2% May
2474 May
i.-
North
Consolidated
270
23%
Corp___
F)
(B
Mountain
5
Indies Sugar common
Amer
Food
29%
--
•
Agricultural
Western
Yellow
Kodak Co
24% Mar
3074 May
25% May
25
Sugar common
United Air Lines Corp
400
•
Idaho Maryland Mines Corp
International Nickel Co Canada
Jan
6%
3%May
36%
25
Equipment Co
*
1
Feb
47
4
—
29%
♦
Union Oil Co of California
7%
25%
7%
*
Feb
16
•
Union
7
Jan
26
750
44%
24%
_1
Johns-Manville Corp
20%
15
common
2%
25%
44 %
54%
Jun
Feb
22
5
Water Ass'd Oil common
Universal
Corp
Holly Oil Co
Jan
75
10
A
2%
25%
—
Feb
42 % May
95
—
•
Jun
14%
Jun
345
all
15
Hupp Corp
16
24
Transamerica Corp
Victor
Y
Macy
ser
33%
16
33 74
Feb
500
•
—
33%
alO%
*
N
Co
of America
Graham-Paige Motors
5974
123
30
1
common
Corp
189
Curtis Publishing Co
Curtiss-Wright Corp
Dominguez Oil Co
Oahu
U S Steel
Co
Goodyear Tire & Rubber
131
Co
Transcontinental
Motors
Steel
of
Goodrich
16
Standard Oil Co of Cal
Tide
a42% a43%
all
Gas
Jar-
57%
1
preferred
Sperry Corp
Spiegel, Inc
Co
Apr
3674
80%
capital
pfd
a43%
•
16
Soundview Pulp Co common
Southern California Edison—
Pacific
25
_10
General Electric Co
Feb
28%
75
common
So California Gas Co
3374
5
57%
1
preferred
100
Electric Bond & Share Co
*
Signal Oil & Gas Co class A
4.32%
33%
Eastman
1
common
4.48%
33%
Apr
29%
common
Foods Inc.
Union Oil
% May
33%
Feb
*
Co_
Mauricio Mining
Roebuck & Co
9
Mar
*
common
Sears,
980
High
Jun
11
41% Mar
a34% a34%
.10
16
10 %
Southern
78 Va
May
25
Safeway Stores Inc
&
May
8%
150
11
Electric
&
24
U
common
W Fine
Gas
Low
16
Jan
Jun
14
Range Since January 1
High
16
25
Cities Service Co common
13%
■
Low
Sales
25
72
11%
100
Shares
1.66%
Co
90
39%
common
Corp
&
700
36
Manufacturing Co
Southern
I)
General
Aeronautical
Shell
(J
72
•
Rayonier Incorp
Preferred
San
Feb
100
Oil
Case
26%
*
Preferred
Bros
Feb
72
25
common
for Week
of Prices
Par
Canada Dry Ginger Ale_.
Canadian Pacific Railway
25%
39'/a
common
Railway Equip & Realty
and
Jun
Jan
10% May
__25
Phillips Petroleum Co
Puget Sound Pulp & Timber
S
9%
11%
60
M
Pac Tel & Tel
Ryan
100
700
25
;
Pacific Western Oil Corp
Paraffine Co's common
Roos
14
9%
8%
5
1st preferred
1st preferred
Richfield
Jan
15
10%
10%
25
common
preferred
Rheem
3%
Apr
13%
5
Serv
Jan
9 % May
280
*
Co
Pub
26%
Apr
12%"
72
10
1st preferred
Pacific
10%
9%
Rights
5% %
High
23% May
10%
13%
100
Filters class B
Pacific Coast Aggregates
Pacific Gas & Elec Co
6%
14%
10%
100
.
Oil
Low
High
24%
__1
Invest
Week's
Range
Sale Price
STOCKS—
Chesapeake & Ohio RR
preferred
North
Oliver
Last
Range Since January l
24%
J
common
National City Lines
Natomas Company
American
13
Friday
Shares
.10
National Auto Fibres
North
JUNE
for Week
of Prices
Par
Meier
EXCHANGES
ENDING
Sales
Last
Sale Price
STOCKS—
WEEK
(3201)
18% Mar
Westinghouse
Electric
Corp
Willys-Overland Motors
Woolworth
(F W)
common
com—.12%
1
10
28
9%
8%
9%
650
7
May
13
-Feb
47%
4874
105
44
May
52 %
Jan
41
42
THE COMMERCIAL &
(3202)
FOR
WEEK
Monday, June 16, 1947
MARKETS
LISTED
CANADIAN
RANGE
FINANCIAL CHRONICLE'
ENDING
JUNE
13
p1 Friday
Montreal Stock Exchange
Week's
Ogilvie Flour Mills
Last
Range
for Week
Sale Price
STOCKS—
of Prices
Shares
Low
Par
20
Acadia-Atlantic Sugar A__
5%
preferred
43
—•
10Q
preferred
prior
21
Algoma Steel common
*
Aluminium Ltd
•
Aluminum
Co
4%
Can
of
25
*
pfd
Amalgamated Electric Corp
Anglo Canadian Tel Co 4%%
Argus Corp
Asbestos
•
_•
—
Tel
&
_•
Bathurst Power & Paper class A—
Bell
"lOO
Telephone
Brazilian
Trac
Columbia
Forest
British
Columbia
Power
Class B
Brack
$1.30
Corp A.28
5%
7
238
53
20
7
Jan
27%
Jun
12
1,675
52%
415
26
63
200
63
Jun
20%
175
19
May
188%
485
187
187
182%
21%
22%
3%
1,103
1,725
27%
27%
50
27
2%
May
3% Apr
2%
900
2%
20
20
20
610
28
16
17
31%
31
31%
925
30
25
•
47
Canadian Car & Foundry cofnmon
*
Class A
*
-
Converters
Canadian
Cottons
class A
6%
Canadian
Foreign
Canadian
Ind
pfd
class
1
Pacific Railway
Companies
26 %
Jan
Apr
17%
Feb
Jun
May
27
43
Jan
Mar
50
"23
45
45%
Feb
-
Mar
1,385
Feb
800
12
May
16% May
14%
17%
19%
817
Apr
67%
Feb
55
40
Mar
42%
Jan
59 Vb
42
15
com—
Tubes
Price
&
Quebec
29
common
25
28
May
950
16
Jan
34
Jan
38
11
11%
346
10% May
15
Feb
58
59%
2,575
50% May
61%
Feb
50
100% Mar
103
Feb
175
14% May
17
Jan
18% Mar
20%
Sicks
Water
Can
129
22%
7%
Southam
Co
Press
Ltd
Chemicals
Standard
Steel Co
1%
7
22%
Jan
Mar
15
44%
135
Jan
116
Feb
May
25%
Jun
Jan
175
Jan
170
Feo
Apr
Feb
14
265
12%
Apr
14%
13
150
12% Mar
13%
Feb
Jan
105%
Jun
common
25
105
18
8%
100
17%
575
17%
8
16
1,050
Steel
Jan
9
Jun
51
80
9
1
9
Jun
9%
33
8
May
8%
795
May
15%
Feb
7% May
10
Feb
20
20
2
20
Jan
20
Jan
75
Corp
75
5
72
Apr
81
P'eb
8
common.
Cotton
Walker
Gooderham
Weston
(Geo)
Worts
&
23%
23%
—•
common
%ioo
21
100
14%
15
521
99% 100
Pi'. 15
.loo
Winnipeg Electric common
28
21
Wilsils Ltd
23%
28
.
common
Zellers Limited
Feb
89
83
8%
Viau Biscuit
9%
82
110
9
common
new
Feb
18%
Apr
Apr
76%
78
83
Brothers
City
18% May
Apr
Mar
7% May
77%
preferred
United
2,894
18
8%
common——
Canada
of
Wabasso
217
22%
172%
17%
Southern Canada Power
Twin
30 % May
105% 105%
pfd.
& Sons 5%
(H)
Tooke
9% May
200
Feb
13
common
c.
Simon
1,720
130
22%
172
pfd.
40
11%
33
pfd
Power
&
of
19%
36%
10%
36%
;
19 %
13
Breweries
V, t
15%
19%
11%
Corporation common.
Williams
33 '•* Jan
May
255
15
St. Lawrence Paper 6%
Sherwin
18
16%
29
102% 102%
preferred
Shawinigan
Feb
36
Power.
A
15
16%
Transport-
Lawrence
Class
6% Feb
35%
.
preferred
Provincial
St
Ltd
Jan
29
-
4% May
:
16%
V' 36
Co
High
Apr
27
1
16-16
29
1
Corp of Canada
Bros
50
59
—
-
Powell River Co
Power
•'
i
110
5%
11%
—
Development
Low
27%
5%
V;-.—
£
Placer
85
890
50
220
35
35
21%
—
21%
21% May
26
Jan
27%
31
Feb
Jun
13
Mar
23
.'20% May
17% Mar
Jan
35
Jan
101
May
May
97%
38
Feb
Banks—
15
5
15
50
30
Apr
30
.10
.10
.10
17
Jan
32%
Mar
31
Jun
Montreal
Feb
Nova
38%
31
31
50
12%
13
525
11% May
16%
12%
290
11%
Apr
15%
Apr
Feb
22
Apr
21
22%
130
21% Mar
23
Jan
27
592
25 %
Apr
28
May
35
25'A
180
35
May
39
Jan
23
22%
23%
1,375
22
Apr
25
Jan
50
50
$28,000
50
Jan
50%
Feb
27
.10
Jan
22%
Scotia
Jan
12%
150
22%
27
50
Commerce
13
26%
37
Jan
16
16%
215
15% May
18%
Jan
11%
12%
3,114
11% May
15%
12%
12%
12%
325
84%
82%
84%
2,335
41%
41%
85
41
Mar
43
45
15
45
Jan
48
Feb
30
30
40
29
May
31
Jan
11%
Bonds—
Feb
45
-10
Feb
12%
%
Apr
25%
26%
•
Crown Cork & Seal Co
Power
&
Range Since Januaryl
High
Jan
56
31
5
-
Heat
Canadienne
25
♦
Smelting
Shares
27%
„
—
5% preferred
12%
42
*
common
—
Consolidated Mining &
Consumers Glass
Jan
13 %
31
•
Oil
25
350
208
Jan
31% May
2,754
44
58%
59
•
Locomotive
Canadian
18%° Feb
23%
»
A
Class B
Canadian
Feb
•
Investment
Alcohol
Jan
17
20
25
pfd_—.
24%
Feb
12
12%
100
Canadian
47
24%
_20
$1.75 preferred
625
44
24%
*
—
.50
14
46
•
25
13%
!
common
3%
Jan
<
Feb
Feb
32%
May
290
Jan
29
Jan
1,493
23%
29 %
May
18%
Feb
4%
Jun
31
17
50
Celanese
»
Feb
Feb
191
Apr
20
29%
17
common
common
23%
Apr
20
Feb
May
70
Apr
20
3%
2%
9%
30%
May
63
F,eb
Mar
52% Mar
Jan
6% May
27%
20%
May
210
Mar
26%
20%
Jun
10
150
Light
Page-Hershey
4 %
30%
26%
140
27
Jan
192
Feb
106
Jun
22%t
17
Breweries
Cockshutt Plow
103%
17
Jun
23% Mar
20% May
2,121
11
43%
Jon
.100
Bronze
Canadian
30%
37%
18%
preferred
Canadian
21%
140
Feb
17
5
—
common
Steamship
Canadian
355
Feb
22
•
Dredging
Canada Forgings class A_,
Canadian
43%
21%
17% May
3,800
H.
common
Aircraft.:.
High
Low
31
Mills
preferred
Canada
53
7
26%
•
Canada Cement
19%
Car
Ottawa
14% May
3,437
27%
Building Products class A
Bulolo Gold
27
11
11
Range Since January 1
3%
Products.
;
Silk
16
197% 201
199
22
Light & Power
British
28%
30%
Ottawa
High
103% 103%
103%
*
pfd
Teleg
21
pfd—50
common
Corp
Associated
19
19 %
$1.50 preferred
$2.50
15%
16
Abltibi Power St Paper corn-
for Week
of Prices
Low
Sales
Sales
Range
I Sale Price
Canadian Funds
Friday
Week's
Last
STOCKS—
45
950
May
14%
89%
Power 3%
Notes
1949.
Feb
.78% May
Montreal
Feb
12
Montreal Curb Market
Canadian Funds
f.
Davis Leather Co Ltd
class A_.
•
11%
11%
25
Seagrams
•
16
15%
16%
5,510
Dominion
Bridge
*
33
33
33%
150
31%
Dominion
Coal
17
17
650
14
Class B
6%
Dominion Dairies
5%
*
-
Distillers
preferred
25
-
35
—
Dominion
Glass
Dominion
Steel
Dominion
Stores
7%
pfd
Ltd-™
*
,
Dominion Tar St Chemical common
V.
T.
Red
C.
•
•
—
preferred
,
23 %
30
17
Jun
Acme
May
11
Feb
32
Jan
Bathurst
100
1,161
22
25
30
1,575
Jan
36
12% May
21% May
25%
Jan
Dominion Textile
*
common
Paper
4%%
pfd—-
18%
Feb
British
American
Oil
Jan
British
Columbia
Packers
29%
340
253A
Jan
30
May
#24%
24%
210
24 %
Jun
26
Feb
1,054
Qd
103% 103%
21
21%
Kootenay Power
Eddy Paper class A preferred
Corp
Electrolux
Enamel
*
_
1
&
Heating Products—'—
Players Canada Corp
Famous
1%
Brown
92
Jan
.103
Mar
106% May
17
Jan
22% May
1%
*
*
2
1
common
5%
preferred
5%%
preferred
•
100
;
....
5 %
preferred
181
Gurd
(Charles)
1%
Jun
May
2
Mar
21
Jan
Canadian
Gen
18
Jan
Canadian
Industries
8
600
11%
13% May
43
4%
4%
4%
15,545
82
80
82
790
1
12
12
12
140
22
135
21%
Canadian
Marconi
7%
Jun
17%
570
17 y4
Jun
19%
18%
330
17
Apr
19
Feb
May
110%
101
109
Feb
111% May
110% 110%
10
110
Jan
16
16
106
•
15
15
14%
—
14%
5%
preferred
Silk
Canadian
105
15
15% May
•105
Apr
5
13
Jan
55
13
May
18
%
Jan
$2
Smith
Paper common
preferred
•
;
50
25
Company
—:
Ltd com
—
25
25
Apr
Canadian
612
24% May
29%
Feb
53
25
50
Apr
53%
Feb
45
755
40
% Apr
45%
•
14%
14%
15
4,599
12%
Jan
15 %
Jun
15%
15
15%
1,486
13%
Jan
6%
Oil
Ltd
preferred
Industrial
£1
Acceptance Corp com__—•
New 4%%
preferred
100
Bronze
International Nickel
6%
of
pfd
8%
8
8%
600
7%
38%
38
38%
295
30%
99
98%
99
37
37
Canada
International
60
Apr
Jan
97% May
International
Petroleum
5
35%
Power
International
Ltd
15%
8%
38%
100
Apr
Feb
Jan
37%
Feb
55
Jan
34
34%
47%
44
47%
5,610
3z'/4 May
41
May
13%
13%
13%
2,660
12% May
Utilities
Corp
__15
43
—
10%
Ltd
Cub
Lake
(John)
of
the
Limited
Woods
1,606
10%
43
10%
53
40
Mar
46
Jan
1,465
10
May
13%
Feb
•
24%
•
24%
24%
75
•
36
36
5
loo
175
175
25
•
common
7% preferred
Lang St Sons Ltd (John A)
Lewis Brothers
20
20
125
_•
15%
15%
15%
350
23% May
33% Feb
172
iy%
15
Feb
36
Jan
Mar
Apr
21%
Feb
Jan
16%
Feb
17%
16%
17%
1,910
14% May
21%
28
28
28%
1,550
23 %
Jan
29
Jun
13%
Breweries
Montreal
Cottons
14
325
13%
Jun
20
Feb
325
34%
Jan
37% May
*
Preferred
Montreal
37
37
37
•
common
12%
12%
12%
25
Locomotive
Works
Montreal Telegraph
Montreal Tramways
___.
•
40%
17%
100
40%
Paint
National
Breweries
40 %
May
14
Feb
41 % May
17%
75
16% May
22%
50
37
49%
50 Va Mar
38
38
38
20%
20%
20%
•
-
Co
10
12 % Mar
17%
*
Murphy
39
50
40
7%
preferred
National
National
Drug
47
46%
47
50
50
13%
13%
Steel
25
&
Chemical
pfd
5
Corp
•
Niagara Wire Weaving
•
For
footnotes
see
page
46.
47%
23%
24%
25
*
Noranda Mines Ltd
24
124
2%
12%
12%
75
27
100
30
Jun
Jan
\ Mar
42%
42%
50
40
May
47
49
May
55
*
Jan
40
Jun
24
42
Apr
48
May
60
46%
Apr
50
May
20
13
Jan
13%
292
25
46
47%
858
50
435
16%
20
*
Jan
Jan
Feb
23
Apr
26%
Feb
23 %
Apr
26
Jan
42% May
53
Jan
54
111
4%
225
19%
50
15%
17%
17%., 17%
54
4%
4%
19%
,
54
154
3%
Apr
Feb
Apr
10,132
14% May
19%
Jan
200
17% May
7% Jan
18%
7%
Apr
Jun
2%
Apr
25%
Feb
5%
Feb
7%
100
1.05
1.05
500
1
25
60
23
Jan
50
4
Mar
41
50
40
May
40%
41
132
36%
135
36
Woollens
East
38
38
Feb
25
May
11% May
40
11%
15
Jan
16%
18%
6,347
14% May
20
24
24
25
21% Mar
30
Jan
•
8%
8%
25
8% May
12
Jan
*
•
pfd
7
Ltd
Products
Steel
Fanny Farmer Candy Shops Inc
Fleet
Ford
Mfg
Aircraft
&
class A
Motor Co of Canada
Foreign
Sec
Pow
52%
52%
25
50
May
2%
2%
2%
1,950
2
May
21
21
21%
574
20
Jan
23
10
10
5
10
Jun
12%
Jan
47
48%
951
42
May
55
Feb
14%
Horner
Ltd
Hydro-Electric
St
John
Lambert
Co
(Frank
Secur
Power
Corp
&
(Alfred) Inc
Lowney Co Ltd
Massey-Harris
Paper
—,
(Walter M)
Power
MacLaren
&
Paper
Co
Co__
Oil
Distilleries
4%
Ltd
pfd
pfd
common
&
13% May
14%
Jun
178
46%
Jun
47'A
Jun
Jun
17
17%
139
17
11
11
50
10
4
4
4
500
•
1
♦
1.05
1.00
Ontario Paper Co
5
Refrig & Storage 2nd pfd__20
17
90
Apr
Apr
Jan
J
19%
ll
4%
105
10
100
Jan
12%
100
11
Jun
12%
43%
46
1,340
40
Jan
46
12
12%
100
11
May
28
28%
450
28
May
10
11
*
20
100
*
1.05
3%
11
10
11
12%
28
'
9%
14%
31%
104
Feb
Jun
Feb
May
Feb
17%
,
Jan
,Jun
Feb
Feb
Jan
103% 103%
15
102%
Jan
5%
5%
64
5%
Jun
7%
Feb
13%
103%
5%
10
Preferred
Minnesota
Montreal
1,850
47
11
Ltd common..'
Co Ltd 6%%
McColl-Frontenac
14%
*
A
Feb
May
14
*
10
:
class
W)
4%
46%
*
Insurance
Halifax
Jan
52%
•
Ltd new com-'*
Paper Co
Preferred new
61
Feb
1
*
48%
Companies
Lakes
Great
-18%
100
I
pfd
red
6
Jan
42 % May
Apr
100
Worsteds
Ltd
Power
Kootenay
48
Feb
11%
•
Corp
&
Jun
4%
19%
7%
25
Jan
Feb
Jan
4%
•
Apr
Feb
Apr
3%
19
41
Lake
20%
36%
26
135
25
Square
Feb
Feb
25
4%
Donnacona Paper Co
Feb
14
30%
Jan
*
—
Dominion
Jan
3%
1.75 May
2%
Feb
2%
11% May
26,
Engineering Works Ltd
*
Domin Oilcloth St Linoleum Co. Ltd—•
B
Feb
31
10
27
1.75 May
70
Dominion
Melchers
Car
2,445
850
*
class A
Limitee
Maple Leaf Milling
common
2%
Apr
Jan
15%
21
3
Feb
•
(Robert)
Molsou's
2
Feb
141
26% Mar
175
•
McColl-Frontenac Oil
Mitchell
225
Jan
30
31%
•
pfd—
Ltd
Corp
Frere
&
Fraser
Massey-Harris
75
23
63
275
May
16% Feb
Apr
138
*
(R L)—_—
Aircraft
David
Eastern
Labatt
15%
23
r
2%
Jan
16%
34%
•
265
31%
*
Jun
Mar
38%
•
•
1
3
common
5 "/o
Textile
Consolidated
Crain
Dominion
Co
275
138
of Can Ltd
Ltd
Bakeries
Consolidated
Consolidated Paper Corp Ltd
Apr
15
com
Paper common
International
25
23% May
Apr
May
31%
Advert pfd—100
General
Alcohols
Commercial
Class
International
Jan
52
20
•
100
Feb
Imperial Tobacco of Canada common_5
Ltd
Westinghouse Co
Neon
20%
5
5
-
27
Jan
52%
Imperial
Feb
Apr
54
22
Feb
Feb
12'A
2
preferred
7 %
16%
42%
——
-
2%
__
*
15
45
Bay Mining &t Smelting
2%
1
\XL
*
—
Products
Feb
108%
•
Hudson
-
Feb
Jan
15%
50
Ltd-
common———
Canadian Western Lumber Co
Claude
Howard
5%
Jan
88
22
54
mrnrnm
•—
111% May
106
64
May
9%
'
16
.
2% May
67
Feb
Jan
-27
•
May
275
%■>
V~
Jan
110
May
24
—100
Investments
20
18%
»
Gypsum, Lime & Alabastine
970
100
Dock Co Ltd
Canadian Gen Electric Co Ltd
15% May
17%
106
'
175
Dredge &
660
100
—
26
15
-
Feb
7%
3
2% May
56
Malting Co Ltd
175
♦
common
Jun
2,550
15
Canadian Vickers Ltd common
General Steel Wares
4
2%
56
A__*
Canada & Dominion Sugar
Canada
17
18%
110
12 %
25%
26
cl
Hosiery Co Ltd—
20%
17%
100
11% Mar
Jan
1
Canadian Pwr & Pap Inv
Gatineau Power
Jan
3
com—*
-
7%
7%
6
10
2%
2%
*
Ltd
High
30
320
-
.*
Company common
20
17
Low
9%
10%
9%
'
100% Mar
65
661
Ranee Since January 1
High
10
I: 9%
Ltd.
Co
Preferred
16%
20
-
B_
—
British Columbia Pulp & Paper
Canadian
East
Low
■
29%
94
Ltd
Co
Paper
26"%
30% May
24%
•
&
Pr
& Millen Ltd A
38% May
29%
100
Dryden Paper
Shares
*
-
Brand
Butterfly
Donnacona
Ltd
*
Ltd
Works
Glove
Mar
14%
for Week
of Prices
Par
l.
9
29%
14
Feb
31
13%
fm
25
37
Range
Sale Price
STOCKS—
50
9
31
38%
22
20
class B
& Coal
Mar
-
Jan
120
9
31
Apr
Sales
Last
19
Atlas Steels
31
38%
9
common
preferred
13% Mar
Jun
14 % May
Week's
^Friday
13%
137
13%
Jun
14%
Jan
17
17%
950
15% Mav
21
Feb
24
24
110
21%
Feb
24
Jun
f
Volume 165 ' Number 4603
[THE COMMERCIAL & FINANCIAL'
CANADIAN
RANGE
Friday
Week's
Range
of Prices
Sale Price
,
Moore
Pan
:
.
Shares
Corporation
Ltd-
Paton
Crush
Ltd
6%
N
of Can
C
6%
7%
pfd—1—20
Quebec Pulp & Paper 7%
Russell
1
Stores—1
Southern Canada Pow 6% pfd
Soutbmont Invest Co Ltd
—
Amusement
Woods
$31
Mines
Athona
Mines
(1937) Ltd
19
May
Apr
30
7
Jan
50
30
--
28,986
Beatrice
Gold
Red
Mines
Lake
Yellowknife
Bidgood
Kirkland
55
.1
Bonville
Gold
Cartier-Malartic
1
Mines
31c
27c
32c
1
-
1
Malartic
East
Mines
Ltd
1
El
(1945) Ltd
Formaque Gold Mines Ltd
Found
Lake
Goldbeam
Goldvue
Heva
Gold
J-M
Mines
Consol Gold
Jack
Lake
Kerr
Addison
Kirland
i
May
10c
Feb
4-5c
7,000
4%c May
%
1,000
15c
Gold
May
Co
Ltd
class
A
68,090
33c
May
60c
Feb
Bank
2,500
11c
May
25c
Jan
Base
$0
$4c
I,200
19c
May
39c
Jan
23%
320
3,40
15,200
,78c
500
500
1.72
Apr
2.74 May
73c May
2.35 Mar
4.65
Jan
1.35
Feb
39 %c
40c
1,000
30c
May
90c
Jan
45c
'48c
15,000
25c
Feb
55c
May
7c
;-sfc
2,000
6c
May
16c
Jan
35c
:40c
II,700
31c
92c
Feb
37,000
5c
May
Apr
9%c
Feb
6/2 c
6.20
6.20
100
1.00
L10
5,500
80c
20c
1.03
;$0c
2,500
20c
„:
26'/2c
23c
26%c
43c
Feb
May
95c
Feb
11%
Feb
1,000
1,171
9.50 May
7c
Jun
2c
2,500
15 %
15%
15%
400
2.15
2.15
2.15
1
16
16
-16
10
*
7.20
7.20
1
10 %c
10 %c
11c
3,500
1
2.20
2.06
2.40
6,800
Jun
5c
100
—1
Feb
May
4%c
•
1,495
:'»7C
6.80 Mar
1.99 May
40c
18c
2c
7c
Apr
27c
•J\8c
4J/ac
May
6,500
•33c
11%
8c
Ltd'——1
5.50 May
3,500
30c
10%
11 %
May
13
9%c
Jun
13c
Jan
Feb
15%
Jun
1.73 May
2.15
Jun
Metals
Shore
Mines
Ltd
L
Lamaque Gold Mines Ltd
Lingside Gold Mines
Louvicourt Goldfields
Macdonald
Nechi
Mines
Z
Ltd
i
Gold
Mines
Pandora
Cadallic
Cons Gold
Perron
Ltd_
Gold
Gold
2.75
16
6.25 May
9c
May
1.90 May
Jun
7.20
22c
Jun
Feb
3.55
Feb
1.48
1.48-
1.50
2.35
2.20
2.35
1,400
27,200
1,200
1,400
.1.40
500
J0c
1,833
5.20 ' 5,20
1.04
1.04
70
4.90
Feb
5.50
Feb
100
1.00
Jun
1.23
class
Power
&
Mines
Ltd
Dredging Ltd_
18c
10c
1.04
1
——
14c
2.30 May
1.02 Jan
1.35 May
1.82 May
2.65
Feb
1.35 Mar
2.02
Feb
7c
May
4.80
Jan
1.20
Feb
2.05
Jan
21c
Feb
10c
14c
31,000
9c
May
60c
6Qc
4,000
60c
Jun
15 %c
1
:'i|c
5,500
12c
Jan
35c
18%
18%
"
5%
5%
5%
50
62c
52c
66c
15,000
*
42
40%
42
115
33c
40,600
Yellowknife
Mines
Mines
Ltd
9c
Oil
Mines
5c
,"5c
1,000
5c
Jun
36c
3,000
36c
Jun
77c
18c
12c
May
3.15
,20c
3.55
9,000
3.35
34 %c
Feb
14,525
2.10 Jan
5.35
Feb
50c
r
-5*0
125
49c
May
67 %c
,60c
3,301
50c
May
78c
Jan
60c
60c
2.10
1.95
2JO
7,010
1
Co
Ltd
Calmont
Oils
Dalhousie
East
Oil
Crest
Foothills
Co
Oil
Oil
j
;
6'/2c
6%c
6.%c
2,000
»
&
*
Co, Ltd
Home Oil Co Ltd
Homestead
Okalta
*
Cons
Oil
Co
Ltd
Oils
Pacalta
;
Oils
Co
2.50
4,200
54e
2,500
70c
65c
v70c
1,100
ll%c
9%C
life
7,500
2.90
2.90
2i90
100
40c
.
40c
500
4.00
*
Ltd—
*
;
•
;
3.90
jo
9,100
61c
<
1
Royalite Oil Company Ltd
7,000
48c
1
—
400
28c
2.30
__1
Gaspe Oil & Gas Co Ltd
168
28c
54c
♦
Ltd—,
Gas
1.59
28c
;__1
Ltd
Co
"
1
*
*
i
47c
61c
171,450
1.68
1.68
200
7%C 12 %c
27,500
:
•
12c
20%
4.
19
10,200
20c
May
80c
75c
82c
16,350
61c
25,549
16c
Friday
20%.
1,535
B
1
Par
(
Abltlbl Power &
$1.50
$2.50
Paper
common
•
preferred
20
preferred:.:
Acadia-Atlantic
A
!
:
Acme
16
19%
1.70 May
6c May
24c
Mar
28c
Feb
18c
5,300
14c
Jan
30c
Feb
4,000
32c
May
44c
Feb
1,000
6c
Jun
23 %
*
*
&
Oil
*;
Surpass
*
9c
*
Pacific
Gold
Algoma
25
225
6 %c
11%
7%
c
11%
290
common
Vnminnim
Aluminum
American
Mines
1
Ltd
Amalgamated
American
For
4%
Larder
Nepheline
footnotes
:
pfd
Mines
see
page
710
24
May
31
101
Jun
3%
101101V*
3%
3%
Columbia Power class A
•
B
*
British Dominion Oil
Broulan Porcupine
Bruck Silk Mills
:
15
15
Buffalo
Buffalo
2,275
15
6%
6%
200
27%
27%
590
2%
2%
2%
1
Apr
3% May
S'OQ
6%
27%
200
3%
May
2% May
23c
29c
157,200
15c
36c
36c
3,000
31c
21
21
50
Jan
101% Jun
4% Feb
13% May
6% May
27
36c
*
16
Feb
9
Feb
29% Jan
3ya Feb
Jan
29c
Jun
48 Vic
Feb
20
May
29 %
Jan
80c
Jun
Buffalo
-1
1.14
1.05
1.20
Feb
2.85
2.65
2.90
1,935
May
Apr
1.55
•
4.75
Feb
9
22c
20c
22c
13,500
15c
May
35c
Feb
28 %C
28c
30c
15,100
24c
May
50c
Jan
Ankerite
Canadian Gold Mines
Red Lake Mines
-1
Building Products.
Burlington Steel—.
»
30,000
2.50
30
29%
30
435
11%
11%
300
11
Apr
12%
Apr
12%
12%
12%
35
12
May
15%
Jan
33c
Feb
32
Jan
•
_♦
-.1;
preferred.
*
._1
17C
Jan
14c
Feb
15c
18c
4,300
30
30
25
14%.
14%
15
300
2.40
2.25
2.55
39,220
Bread
common
9c
1,000
60c
76,760
2.80
2.95
7,700
*
Class B preferred
Cement
8C
45c
2.90
Canada
8 Vic
55c
Calmont Oils
28
May
18%
20
1.27 Mar
19c
Feb
1.90 May
48c
Jun
35c
Jun
Feb
2.50
Jun
64c
Jan
2.90
70c
Feb
6%c
40c
Jun
11 %c
Jun
May
2.94
20c
1.68
26c
Jan
Jun
Jun
2.90
Jun
75c
Jan
4.10
Jun
-
May
1.49
Jun
1.68
Jun
7%c Jun
12 Vic
Jun
20%
Jun
14 %
Jan
61c
Jun
Northern
Canada
Packers
Power
30%
class
•
B
Class
32%
Feb
& Cable
B
High
19
Low
:v'i| '
15
High
19%
14 % May
21%
1,660
22
43%
Feb
165
17% May
37% Jan
43%
Jun
90-
15
6,200
9%#
20% May
103% May
5%c May
9 Vic
32
36
Feb
May
Jan
31
15
9
550
23% Mar
107
50
79
of
Canners
Apr
Mar
23%
Jan
30
31 %
Jun
12
Jan
18
Apr
Jan
9
May
16% May
188
Jan
200
Feb
13%
13%
14
40
12% May
17
Feb
46%
46 %
40
46
49%
Feb
73
73
20
72
87
Jan
21
21%
Car
85
May
May
19
Apr
common
8
8
25
8
22%
500
21
May
24%
24%
1,599
20%
21
20
335
22%
20
Apr
Apr
•
26%
26%
25
26
Mar
21
common
23% May
Jun
22%
21
10
22%
24%
Commerce
1st preferred
21
21
170
20
Apr
12%
12%
9
Mar
23%
Feb
267/a May
26
Jan
29%
Jan
26
Jan
Celanese
15
Feb
preferred
12%
480
20
17
17%
120
17
May
19%
*
A
58%
58%
50
55
May
67%
24%
24 %
100
24
May
25
common
J.
new
25
Dredge_
*
24%
23
Alcohol
B
com
30
Feb
15%
Jd"
20
Feb
Jun
100
Apr
23
155
18
May
12
12
12%
340
10
May
16%
16 Vt
16%
100
16%
9$
98
98 %
20
A—*
12%
12%
13
885
98
Feb
Feb
May
Jun
22
•
100
Industrial
11% May
*
common
11% May
16%
Jan
Jan
12%
12%
75
11% May
16
—*
—
26%
26
26%
75
22 %
37%
Jan
*
75c
70c
75c
1,500
87c
Feb
15%
16%
325
15
Apr
18%
Jan
172% 172%
10
168
Mar
183 %
Jan
11% May
15%
Feb
■*
""
Locomotive
Canadian Malartic
Canadian Oils com
8%
6%
75
16% May
46%
Conv preferred
Class
Feb
5
17
Breweries
Canadian
3.50
71
198
Feb
Jun
Jan
55
9
*
Canadian
Canadian
1,192
21
21%
104% 104%
8%c
1
2.30
105
30%
Jun
60c
575
17
class A———*
Preferred
Range Since January
2.55
17 %c
Jan
6%
195
*
Bank
Canadian
Jan
5%c May
24c
•
—
Canadian
Canadian
1.70
16% May
50
Canadian Bakeries
Canadian
Jun
18%
100
Preferred
Canada Wire
May
14%
72%
17
—*
Canada Permanent Mortgage
Canada Steamship common
29
5%
•
Preferred
12Vic May
71%
50
common
—
*
16%
100
172%
25
preferred
12%
Apr
60 %c May
Feb
Jun
Canadian
Pacific
Canadian
Utilities preferred
Wallpapei class A
Railway
25c
22c
25c
5,300
12c
Jan
15c
13 %c
25c
15c
8,500
12c
31
27
3}
May
32c
97c
Jan
101% 101%
1.75
Jun
25
101
Mar
102
197%
Mar
Castle
75
188
Mar
211
May
Central
Patricia
Central
Porcupine
11%
12%
5,555
102 102%
Feb
839
.«
1
13c
26 %c
—
.-I.
Z
Buffadison Gold
300
*
46.
Jan
26
British Columbia Packers "A"
*
Class B*-_
————*
' 36
100
Ltd
Apr
21c
25%
101
British Columbia Forest
1.03
*
common
Jan
18c
25%
.*
pfd
Jan
27
20c
*
4%%
Jun
17c
32c
May
100
Oil
Electric
25
24
20
1.00
100
of Canada
May
12% Mar
100
1
Mines
Steel
Feb
be
10Vic Feb
9.85 May
2
Jun
1,755
21,500
Lake
1
Cons
18
7,000
11 %
2
35%
1
Preferred
♦
6c
22%
1.00
—.
Akaitcho Yellow Knife
Alberta
Alger
6c
2
Canada
2.80
Sales
Shares
43
21%
100
—
Gas
Agnew
*
Feb
32c 33 %c
»
for Week
of Priefes
Low
20
class
Preferred
Feb
1.35
20c
60
:
Canadian Food Products
Class A
Rang#
Sale Price
.
Feb
Feb
55c
16 %c
33c
21%
Columbia
54c
191
23e
2
British
Jun
16 %c
22%
Red
42
1
1
Brewis
Feb
Mar
1
1
Feb
Exchange
Week's^
Last
STOCKS—
'
Apr
Feb
7%
91c
May
26% May
182
*
Class
Jun
30c
•
Canadian Funds
-
40%
Brazilian Traction Light & Pwr com—*
4%
Toronto Stock
■
May
28c
Brand & Millen class A
British
Jun
5% May
50c
27c
Boycon Pershing Gold Mines
Bralorne Mines Ltd
Class
1
20%
•
187 189 %
Bonville Gold
Canadian
,,
Jun
1
Canada
Oil
Jan
23c
32c
937
Jan
40
18%
25
Stocks-
Anglo-Canadian
39%
May
30c
Apr
1
British Dom Oils & Dev Corp
Calgary & Edmont Corp Ltd
May
35
187
Gold
class
27% May
7 Vic Jan
1
Bidgood Kirkland Gold
2nd
36c
*
-
Jan
1
Feb
5c
1
Mines 1944 Ltd
Sullivan Cons Mines Ltd
19c
Jan
Jan
1.27
36c
'——1
Stadacona
Westvllle
'
50c
Sherritt-Gordon
Feb
May
100
.
*
Quebec Yellowknife Gold Mines——_-1
Red Crest Gold Mines Ltd—
*
Regcourt Gold Mines
1
Santiago
26c
35
100
180,200
1
13% Mar
Mar
25%
85
36
Jun
8% Jun
10c
765
20c
Bobjo Mines Ltd
Bonetal Gold
Mar
,
Siscoe Gold Mines Ltd
35%
Jan
Apr
5Vi
Feb
10c
____1
1
Mining Co Ltd
Premier Gold Mining Co Ltd
1.15
1.40
1
Mines Ltd
35%
12
4,600
•
36
Paper class B
Telephone of Canada
Berwick Gold Mines
Co
27
16 %C
*
Bell
Bowes
12c
26%
36
A
Jan
1.15
——1
Gold
Pitt
1.15
2.68
200
Jan
1
Dredging
Mining Corp Ltd—
Normetal
O'Brien
2.70
7.20
13%
*
Cons
Osisko Lake Mines
Pato
1
1
:
11c
27
17 %C
Exploration & Radium
Beatty Bros new common
Bevcourt
Jan
5.20
16c
3,000
•
Bear
Beaulieu
76c
3.90 May
75
-
18c 19 %c
10
Mining
Bates & Innes
Brit
4Vic Feb
Scotia—
Toronto—.
—
Lake
19 %©
1
14c
;iifi0
Jun
12%
42c
Jan
26c
12%
1
10
1.60
Feb
,
Jun
10
May
39c
8%
Nova
75c
Feb
Jun
May
250
Montreal
8,800
35c
8 Vic
Jun
*
Consolidated Mines
Bathurst
11c
4%
of
6c
99,550
10O
of
3.15
„
2,000
12c
1,850
Bank
_
20c
8%C
118,800
Bank
Jan
Feb
Jan
31c
Jan
Jun
Feb
9%
5%
8%
Feb
23%
38c
12%
320
4.55
32c
25Vic
May
13,200
10%
26c
44c
Jan
Jan
11c
14c
10
5%
8%
Jun
May
23 %c
4.25
May
11c
May
29c
15c
18%
8c
4.50
15c
2,500
Feb
16,500
1
*
1,500
of
17c
20c
*
common
Bagamac Mines
Bankfield
May
13c
13,500
1
Co
Jan,
25c
6c
11c
c
6 Vac
1
Mining
7c
Apr
Fabric
Jan
Jan
1
Electric
Class A
Auto
1.03
15 Vi
9c
10%C
Jan
30c
May
Mar
5,000
1
Feb
41c
9%c
716c
1
Mines
Aubelle Mines Ltd
9%
13
9c
I—1
Aumaque Gold Mines
7C
Mines Ltd——1
Gold
Jan
6% May
91
50
9c
Jan
44c
23c
1
.
70c
May
35c
"
i
Ltd
Mines
Lake
'
;—l '
Hollinger Consolidated Gold
Hugh Malartic Mines
1,500
17,600
14
22
1
Ltd
Ltd:
Jun
19c
Apr
6%c Jun
48c
•
Mines
Mines
•
1
Gold—
27c
6,600
78c
1
Giant Yellowknife
God's Lake Gold
17c
67c
14
1
Atlas Yellowknife
1.80
—1
Gold
15c
57c
Atlas Steel
Jan
3,500
1,05
50
17c
14c
3.30
__1
Fontana Mines
Jan
30c
500
88c
7
60c
10
10
31c
Jun
6.%c
1.00
1
Sol Gold Mines Ltd
10%c May
1,200
1
class A
13c
May
Auto
l
_
Jan
Aunor Gold
23
1'
;
Feb
1.90
36 Vic
1
i
97%
•
12c
12c
Feb
20c
i
Mines
Mines LtdEldona Gold Mines Ltd
Jan
Mining
1,000
Feb
Feb
Jan
1.00 May
7VeC
1
2,500
10c
70c
13 %c
May
5%Q May
20
10 %c
51C
43c
50
1
Jun
•
1,700
92
1
Jun
Feb
Feb
1.00
Mines—
5c
12o
13c
91 %
Quebec
21c
May
7
Athona
28c
15 %c
<■
62c 62 %c
Feb
7c
500
l
Sullivan
Jun
1,000
14c
Elder
:
3c
6c
6%c Jan
69,000
1.30 Feb
1,500
11c
Jun
Jun
Mar
1.00
Ashley Gold
5c
39c
-
8%c
8c
9.50
8.45
—100
Hardware
17,800
*
—
7c
lOo
13c
1
Ltd
8%c'
Jun
Jun
85c
1,600
1.73
19c
•
Ltd common
Arjon Gold Mines
Ashdown
20c
1
Denison Nickel Mines
90c
Jan
729
Astoria
1,100
":%2o
15c 17%
9.50
85c
Apr
97c
7Vac
Armistice Gold
23c
16c
1
East
Mar
'Ic
—
Cournor Mining Co Ltd
Mines
Feb
60
Feb
3f|c
5c
1
;
.
Mines
31
53
17%
6%c
6%c
9.25
90c
Warrants
5c
Cheskirk Mines
;
Consol Central Cadillac Gold
Mines
Cortez Explorations Ltd
Donalda
30% May
Feb
9.25
High
10c
57,200
May
16
May
1.75
1
—
28c
32c
__1
Ltd
Jan
43c
Low
1.47
1
Mines
Range Since January 1
500
•
Aquarius Porcupine
Argus Corp
Preferred
Shares
High
13 %o 13 Vic
1
„
Gold
23c
1
„_1
Mines
13% May
123
'
12% c
:>>lc
30c
Ltd—1
Ltd
Centremaque Gold Mines Ltd
Century Mining Corp Ltd
Dome
Jan
90
*
3%c
'14c
14c
12 %c
1
Ltd
Gold
3c
1
-
Gold™
Mines
3%c
1
Mines
Apr
24c
22
30%
55
Ltd
Gold
Beaulieu
12% May
116
50
30%
:
•
Mines
Apex Consolidated Resources
Area
Low
13 %c
1.74
Jan
4
A_*
j,
Jan
Jan
of Prices
1
Rouyn
Ansley
—1
..
Jun
375
—1—*
Limited
31
112%
3,150
40c
.
class
Jan
60
*
Aumaque Gold Mines Ltd
Band-Ore
Jan
Apr
22
Jan
13
Ltd-—v—i—*
Aubelle Mines
30
107%
Anglo
55
Mining Stocks
Arno
7
10
13% May
,i
Manufacturing
Corp Ltd
Co
Anglo-Huronian
50
i
United
Apr
21
100
,
112
6%
*
Thrift Stores Ltd
Apr
108% May
120
—
—•
Industries
17
20
American Yellowknife
Anglo Canadian Oil
Mar
Sales
for Week
Range
Sale Price
Par
65% May
12% Jan
74
Week's
Last
STOCKS—
High
31
b 16
31
;
80
<
110% 110'/a
red pfd—100
Service
110
15 '/a
-
50
Rands
%14
110
20
pfd
.
13
Friday
Low
■ii'70
14
16
•
MARKETS
ENDING JUNE
Range Since January 1
High
70
«...
„
•
G%' 1st pfd_
part. 2nd
;
pfd_100
i,
Manufacturing
Power Corp
70
!—*
Nova Scotia Light & Power
Orange
Low
.—*
Mount Royal Hotel Co Ltd
LISTED
WEEK
(3203)
Sales
for Week
Last
'
STOCKS—
:
FOR
CHRONICLE
199
26%
•
50
Jan
Feb
Canadian
26%
86c
83c
73c
73c
'
199
.:
27
90©
754
120
32,400
2,800
95c
26
May
Jan
74 %c May
65c
May
1.50
27%
1.90
77c
Jan
Jun
Feb
Jan
Apr
Class
B
Canadian
Cariboo
22
*
Wirebound
class
Trethewey
101
105
Jan
25
20
Feb
23
May
20
20
May
23
24
May
*
25
25
40
2.25
2.25
100
Mines
1
1
1
100
May
May
26% Apr
2.00 May
3.00
Feb
1.16
1
Gold
Centremaque Gold
Trust
20
22
22%
V
A
Gold
Chartered
*
22
22
100
1.83
15c
21c
150
1.29
1,000
1.10 May
1.45 Mar
1.65
1.83
2,125
1.50 May
2.20
14c
17c
5,400
19c
21c
1,000
150
150
25
13c
May
15c
Anr
150
Jun
Jan
26c
Jan
25c
May
150
Jun
43
CHRONICLE
THE COMMERCIAL & FINANCIAL
(3204)
44
Friday
Shares
Low
Last
50c
50c
1,600
15c
14c
18c
8,100
3.65
3.40
3.65
2,850
May
May
14c
.
Sale Price
High
Low
High
i
»«,.—,—1
—
'
STOCKS—
Range Since January 1
30c
Mines
13
for Week
—.—1
Research
CUeSKllK
FOR WEEK ENDING JUNE
RANGE
Friday
Ranee
of Prices
Par
Chemical
'
Sales
Week's
Last
Sale Price
STOCKS—
11
MARKETS
LISTED
CANADIAN
,
Monday, June 16, 1947/
79'Ac Jan
33c
Jan
4.30 Jan
Range
Low
Par
Halcrow
Week's
of Prices
..
Chimo Gold Mines
Malartic
Citalam
Coastal Oi.s
39c
1.16
11,700
34c
75c
8c
9c
34,500
5c
May
45c
34c
50c
30,100
13c
Feb
Gold-
1
3.10
2.85
*
8'/a
8%
•
1
12'A
38c
8 Mi
12'A
1
9'Ac
—,*
52c
'
3.10
Cochran* Dunlop common
Wlllans
Cochenour
Plow
Cockshutt
Coin Lake
—
Yellowknife
Colomac
Commonwealth
Petroleum-
5,580
5c
May
10c
Gold
1
2'Ac
3c
1,500
2c
May
4%c Feb
300
50c
15
51c
15,100
8c
May
35c
37c
May
52c
Jun
1.60
239
1.25
1,850
19
19 'A
70
May
1.99
1.10 May
9'Ac
1.05
1
10c
1
—1
:
1
Gold—
Consolidated
1
1
Class B
Gas
78c
2,021
65c
40c
1,100
30c
May
84
£2%
84 y2
845
12 %
12'A
12%
43A
5
__
100
...
1.05
1
33c
*
*
Mascot
Hinde
61c
78% May
370
12 y4 May
13
Corrugated Paper Box common
Cosmos Imperial Mills—
5
152
Apr
174%
1.49
Howey Gold Mines :
——.—
Feb
120
3,412
20
20
16'A
26%
5
26'A
20c 23'Ac
5,400
20c
2,025
1,900
28c
—
69c
May
—-——-1
35c
35c
35c
1
—_
90c
90c
90c
Pershing Mines—
Croinor
26%
—
—1
Mines
Crestaurum
81c
Cub
—100
Nest Coal——
Gold
Patricia
Crowshore
Aircraft
Jan
41
—
320
43.
Apr
Jun
38c
Jan
Mar
55c
Jan
1.50
45
39% May
1.43
23c
20c
34c
62,000
20c
Jun
1.05
1.05
1.05
1,000
9oc
Feo
10'Ac 10'Ac
1,000
9%c May
28c
Jan
23c
—1
————
Davies Petroleums
Detta
8c
29
*>
30
1.85
1.90
3,400
12c
11c
14c
51,000
9c
50c
47c
50c
1
Mines
39c
38c
43c
Lake
Lake Mines
Dexter Red
30
1.75'
38,741
1
—
Nickel
Red
23c
1
Mines
Demson
18c
——1
Davis Leather class A——_—
Delrute
21'Ac
—*
—
—
430
30
—1
—
Distillers
Seagrams
common
Diversified Mining——
Dome
Ltd
Mines
53c
50c
Oil
Imperial
Jan
Dominion
Coal
Mar
31
2.44
1.60 May
-25
Fabrics
Dominion
5,200
30c
May
43c
1.17
16,500
87c
May
58c
29,60.)
45c
May
98c
14
May
19 ¥2
May
1.34
Dominion
Steel
23%
Jun
4,345
18
1.70
Dominion
250
27
.'-5
25
29%
Apr
17
17
14
Jan
25
5
50
54
V
t
Jun
287/s
28%
287A
300
27
May
Mines
33'A
Duauesne
Jun
Jan
41c
37c 43'Ac
10,301}
33c
May
64c
Feb
36c
34c
2,800
29c
May
47c
Feb
44
1,105
40
45%
Feb
8 %c
5,000
44
8c
10%
8
8¥2
225
7
Apr
9%
22
Jun
27%
130
40
Eastern
Elder
26%
—
El Sol
15
—
9c
9
62C
*
A
—
Quebec
*
—
1
20c
1
—
1
Mines.
I
8c
25C
Co Ltd
Mining
__
Lake!
_———.—
29%
30
266
25%
Jan
30
Lake
Shore
—
:
210
64c
May
May
15
126,050
106,100
17c
May
26c
1.03
94c
1.07
16,870
3,500
68c
May
15c
12c
15c
45c
43c
48c
11 'Ac
9 y2c
Labatt
*
1
1.93
11
12c
1.62
1.58
May
Feb
——
r_
Lamaque Gold
Lapaska Mines
1
12c
Jun
2.00
10,700
1.50 May
2.45
Feb
3.35
26,675
2.70 May
4.75
Jp,n
Lexindin
9¥a
285
8'A May
11%
Jan
Lingman Lake Gold Mines
21
Jan
Little Long Lac
Feb
Loblaw
5c
Jan
1
"
50c
2.25
20
180
83c
19,887
68c
26,900
May
90c
Jan
45c
42c
50c
28c
39,800
20c
Apr
57c
May
18
105
2.15
2.30
5,265
475
49 ¥2 May
100
4% May
35c
-
4.40
4.20
•
17'A
17'A
732
640
100
100
144
—1
7c
7c
1,000
_10
7%
7%
300
*
8%
8%
25
Frobisher
__
*
12
12
2%
•
2'A
2%
__
100
—
•
19% May
18
1.36
May
1
3
1
1
1
Mines
"U"
Secord
Laura
v
Candy
Lebel Oro Mines
Gold Mines,
Gold
Leitch
Ltd
Class B
;—
Feb
Lynx
5.50
Feb
Macassa Mines
19%
Feb
MacDonald Mines
4.10 May
Apr
May
21
250
'
1,550
7
11%
2
4%
4%
39
4
11
11
45
10
21
May
6'A Mar
1
67
9%
134
Jan
Jan
Gold
Yellowknife Gold
5%
preferred
5¥2'/<
;
11c
Preferred
Giant
Yellowknife
Gillies
7%
Feb
10
Glenora
God's
Jan
13%
May
Apr
5,100
2.05
135
16'A
109'A
110
138
Goldcrest
Gold
„
__
105'A
6.50
5
5
Feb
ill
15
4
710
19
5
16
225
105'A 105'A
15
10
„
Apr
19%
May
May
Apr
3.25
Jan
109'A Jun
109%
Apr
3 'A May
18
May
15'A May
105
Jan
6.10
6.55
4,316
5.40 May
12c
13c
4; 000
11% May
19'A May
111% May
111'A May
5%
20
18'A
107
Jan
Apr
Manitoba
1
8'6c
Jan
90c
6'AC
1,500
4c
Apr
15c
Jan
21c
1,400
200
Mar
33c
Jan
15
16%
6,260
13%
Jan
16%
Jun
90c
7,550
83c
May
1.25
Jan
90c
3.50
3.50
400
7.00
6.60
7.25
3,143
32c
28 %C
33c
12,200
7c
9'Ac
33,000
•
—
7c
2,600
1,500
12c
May
34c
63c
May
1.28
17c
17c
90c 97%c
1.80'
30
28'A
May
88,900
1.24
29
4c
Jan
Jun
Jan
50c
Jan
17c
1.65
May
Feb
1.28
27%
22c
17c
25
5,334
29
7.25
21'A
19
4c
1.70
4.50
Feb
18% May,
2'Ac May
1.18 Apr
19
3'Ac
97 %c
3.00 May
5.70
21,150
4%c Feb
1.40
29
Jun
27%
Jan
Jan
1.32 Mar
1.45 May
460 1
425
2.40 Feb
Jun
33% Jan
-
31%
Jan
1.80 May
3.60
i-0c
May
39c
Jan
18c
16c
20c
5,000
14c
May
28c
Jan
3.50
3.35
2.70
1
-1
3.60
15,700
2.65
2.75
12,475
18c
15c
18c
8,500
1.75
1.60
1.80
2,825
3.1)5 l/ay
Feb
4.20 Mar
4.85
2.35 May
15c
Jun
Jan
Feb
39c
1.30 May
1
3.35
2.15
3.40
10,500
2.80
2.25
May
30c
May
-1
43c
35c
43c
24,990
1
1.85
1.65
1.95
10,750
3c
5,000
3.95
Feb
Jan
2.45
2%c Jun
100
Jan
52c
1.50 May
3c
Feb
5'Ac Feb
106
Apr
Mar
100'A 100'A
10
11%
12'A
410
5c
pfd———100
*
12'A
1
1
*
Mines
80c
Preferred
6'Ac
10,125
5c
May
8c
Feb
65c
80c
28,250
50c
May
1.15
Jan
20
*
common——"
*00
14 7A
11'A May
Feb
Red Lake
28'A
28'A
28'A
10
10
150
27%
27%
28 'A
880
103
103
103
20
16c
13C 17
%C
16.100
4,271
175
9c
Feb
*
—
101
Jan
Jun
Apr
104
Jun
4%c
5,700
4c
Jan
99c
1.12
47,250
57c
Jan
20c
20c
20c
200
16c
Apr
22c
Feb
13c
13c 14'Ac
7,650
12c
May
27c
17'Ac Jun
6'Ac Jan
54
61%
Jan
58%
61%
56c
63c
43C
10,830
6,030
47'Ac May
37C
14'Ac
14'Ac
16c
1.325
ll%cMay
13c
Milton Brick
11
29
42c
1,110
ll'Ac
14c
244,700
15%
15%
15
30c
Jun
Feb
94c
Feb
62c
May
5'Ac Apr
15%
Feb
32
Jan
63c
15%
Mining Corp
4yaC
1.04
Feb
9% May
23%
61%
r
Grain
Apr
21 %c
14'Ac May
27% Jun
20c
Feb
14c
•
Jun
16%, May
Jun
Jan
1.98 Mar
1
Gold—
Oil——
Pacific
20c
J
—
Lake
Red
Mid-Continent
&
1,000
17%
18c
8'Ac May
—
McDougall-Segur
———*
Mclntyre Porcupine Mines.——
5
McKenzle
10c
16
class A
Preferred
9'Ac
17%
—
Grain
McColl Frontenac Oil
McWatters Gold
7.15 Mar
9'Ac
—,
Massey-Harris common
"
2%
2%
2%
200
8.95
8.05
8.95
1,461
36C
33.C
36c
1,150
12%
13%
100
3%
2'A Jan
Jan
Jan
__
Model Oils
1
10.50
7.90 May
18c
Mar
,
Jan
36q
.Jun
.
—
common———*
Containers
Modern
7%c
3,100
7c
May
23c
Jan
1
7y2C*
23c
7%c
Golden Arrow Mines
23c
24c
6,400
20c
May
50c
Jan
Golden
J
2 45
2.40
2.70
9,250
3,30
Jan
Monarch Knitting common
Preferred
31c
29c
32c
12,100
25c
Apz
74c
Jan
Moneta
ioc
11c
1,800
7c
May
18'Ac
12%
Jun
15%
Feb
21
80
19 % May
21% May
17'/4
120
15'A May
18
Jan
Manitou
Goldhawk
Goldora
Mines
Porcupine
•
Mines
1
1
Mining
Goodyear
Tire
__1
*
common
Preferred
Gordon
Meckay
50
class A
•
!
53 ¥2
uy2
23c 24 %c
2.25 May
15,800
see
page
-
3,500
30
97
Jun
53'A
53%
369
53
Apr
liy4
11%
135
13%
147A
5,186
46%
47
297
4
4
150
37c 39%c
7,700
890
46.'
14'A
May
6c
97
14%
39%c
17c
6c
97
46%
1
Gypsum. Lime Si Alabastine
footnotes
_
*
riunnar. Gold
For
6c
*
preferred '
Greening Wire
24c
,
*
Great Lakes Paper new common
New
__
Class
A
.
—
—
20%
-
14'A
14%
4'Ac Jan
11'A
43c
11c
113
55'A
Feb
Feb
1°0
4%
—
preferred
Mosher Long Lac
Jan
Mylamaque Mines
National
—
*
25
1
—1
Drug & Chemicat i»fd
5
Grocers preferred
—20
:——25c
*
31%
Jun
11%
Feb
14%
Jun
National
47%
Jun
National
Petroleum
5'A Mar
National
Sewer Pipe
Jun
35c
Jun
13
May
57c
Jan
16%
Jan
National
24C
Steel
class A
—
1
47c
1,000
17'A
17%
100
69
70
280
27
690
14%c 15 %c
3,500
21c
25C
13,500
13%
13%
100
29
27C
29%
34
31c
6,800
2.17
31%
31%
15
24
•
Car
Negus Mines —:
29
30C
25
47C
27
70
15c
J 3%
13'A May
46'A May
4
100% 100%
—
17%
Moore Corp common
Jan
20%
17
100
'—1
porcupine
Montreal Locomotive
Goldvue Mines
Goodfish
.
May
3,700
Gold
McMarmac
1
Eagle Mines
Feb
35c
5'Ac
J
Maple Leaf Milling
Maralgo Mines
Feb
l
~r
16'A
—
Co Ltd
Sugar
Jan
_»
:
:
Feb
61c
Feb
Midland
1
Gold
Gold
111
3%
19
—
3%
6.20
May
21c
5'Ac
1
Manitoba & Eastern
Martin-McNeely
2.63
__
1,000
3.40 May
17c
19,850
Malartic Gold Fields.
Feb
18%
*
Gold
Lake
Goldale Mines—
Feb
26% Mar
Jun
is
*
Gold.
Jun
23c
Consolidated Gold
Jun
Mar
May
2.25
„
———100
Gold Mines
1
Lake-Porcupine
23%
2.40
Lake Gold Mines
Red
55
2.60
_»
class A
19c
19c
Gold Mines.
Madsen
23
15
100
common
2.16
Apr
2.00
—
Feb
34
10
48
100
General Products Mfg
Jan
Feb
Jan
1,919
24
48
Bakeries
General Steel Wares
1.33
10c
2.20
——
MacLeod-Cockshutt
23
May
47% May
21%
24
preferred
General
May
22'Ac
Macfie Red Lake
Marcus
48
*
common
14c
-_1
—
——.—
11 % May
•
Exploration
Power
30c
*
Jan
2.75
McCabe
Gatineau
Jun
-1
—
_v—-
25%
5c
58C
58c
27%
*
Mines
May
98
*
A—
Louvicourt Gold fields
2.00 May
17'A
1
Gold Mines Ltd.
Groceterias class
Lunward
*
«
—
3,235
—
12c
18
42c
1
*
B
Jan
Jun
20,500
—
Jan
*
Cos
46c
20c
20c
_
Magnet
Class
50c
5.35
s
Jan
100
Frascr
Jun
May
17c
♦
Jan
20
*
A
15%
5.05
.1
24c
100
class
Feb
5.15
.1
Mines——
57c
5 ¥2
Canada
12%
145
.1
May
52
of
6,195
24%
.«
26 %c Mar
5 ¥2
Ford
15%
14%
24
Jan
Jun
77c
80c
1
,
May
24
«
Gold
3.10
20
:
Jan
50c
1,100
-1
Lake Dufault Mines Ltd.
1.76
*
3.35
•
;
55c
Jun
70,350
*
8%
1
common
May
45c
18c
(John)
40,000
118,100
52
Preferred
Jan
21c
500
2.16
Jan
12
5 ¥2
Fleury-Bbsell
24c
7,950
16C
27
May
26c
•
A
7%c May
28c
45C
1.96
20
1.07
*
Class
3,000
Jan
45c
16c
.1
24c
1
Fleet Mfg & Aircraft
8c
4'Ac Mar
95c
25c
2.15
1
.1
82c
*
—
pfd—
May
8C
Feb
55c
Jun
33c
50
Feb
11%
—1
common—
15%
3c
5,100
10,800
Jan
12
1
Products
Jan
Jun
Apr
500
| 46c
17c
18
1.02
1
Fittings Ltd
20c
3'Ac
30c
45
25%c
*
—
20c
15c
Jun
*
.
Feb
31
104%
32'AMay
43c
30c.
12% May
1
_
May
17c
.1
Rowan.
„
Jan
85c
Mar
103
30C
Townsite—
Fortune
——
26
15
-1
-
Lake
Kirkland
Lake
Kirkland
55
104
.1
Kerr
Lake
Federal
Fibre
.1
Gold Mines——
Kerr-Addison
30'A May
4.45
17%
53
Preferred
28
103%
3 %c
46c
1
Mining
Gold
Hill
26% May
—
Falconbridge Nickel
Famous Players
Fanny Farmer Candy Shops
Federal
May
27%
——100
50
——.
Jun
common
53c
Jan
11
Jun
11,400
Mines
Consolidated
Jun
;
Grain
3,650
9
23c
M
24
Corp
62c
15% Mar
24c
Jan
24
—
Eureka
61c
Jun
Jan
May
Jan
70
J.
420
13 ¥2
15c
20
.
9%
15'A
12 'A Jan
7'Ac
7'Ac May
30
A——
240
11,500
9,000
24
*
8,830
9'Ac
Jan
8c
24
class
15%
8c
Apr
30
Apr
7'Ac
29 ¥2
Mines——
Electric
151%
15
25
7'Ac
24
Gold Mines——
14%
,
115
Gold
23 ¥2
Mines
English
55
Jan
107% Mar
Feb
23.50
Gold Mines
26%
Jan
12%
Jan
Chemical common—"
Mines
33
13c
May
16%
680
Eddy Paper class A
Eldona
111
May
10
90c
23
Steel
111
Jan
4c
180
37%
21
—
Malartic
10%
May
Larder
Sullivan
6c
12% May
Kayrand
Feb
Oil—
East
42%
10%
Feb
25
Amphi Mines
East
36c
•
43
23
Crest
Jan
2,607
2,404
East
Feb
4.10
14c
2.75
4,800
14%
Gold Mines
Duvay
Feb
11%
2,485
40
East
23%
52c
13%
Mining Co
May
9.50 May
20
13%
Kelwren
Jan
22
Mines Ltd
Gold
Feb
34%
14'A
Woollens
Donald a
Dulama
lbc
Mar
—
—
Dominion
Jan
May
1
56'A Mar
8¥2
—50
c
8c
13'A
Joliet
Jun
7
May
55
_—*
—,
32,900
33'A
cl B——28
——
16c
48'Ac
•
Tar &
Preierred
Jan
12c
1.40 Jan
50c
J
Jan
17
May
5%
55
Stores
Dominion
18c
May
13'A
Jacknife
Feb
*
Coal
Feb
May
i
7c
Petroleui
22
40%
&
97c
8c
96c
3,000
34
Jan
Jan
2,055
45,325
23%
5%
Magnesium
Malting common
Dominion-Scottish Inv pfd—
May
2,500
31,130
1
——
International
Jan
75c
16
1.09
22
1
Dominion
25c
34c
11c
9c
Gold.
class
Metal
Kirkland
Dominion
1.06
30c
International Uranium.
Jlun
1.02
—
1.00
4.10
Mining———
Preferred
Feb
May
55
preferred
Feb
3.65
Mar
21,700
5%
Foundry & Steel
1st
35c
Feb
50
Electrohome—
Dominion
May
1,500
5,500
60,650
Jun
85c
—*
preferred—
Dominion
Feb
12c
16o
1.49
8'Ac
Co.—
&
Inspiration
Jan
36c
15V2
26 V2
15c
4.00
——
_—
Lake
Inglis
Feb
Feb
1.07
—
May
25
-5
2% Mar
26c
15%"
10
May
May
7c
3,753
*
Bank
Feb
Feb
85c
20
*
Keno
Dominion
21 %c
7c
2,800
2,500
11%
LO
Mar
Jan
23'A
*
—
1.02
1.16
1
2
...—♦
Mar
12,000
10c
20
50
Jason
Red Lake
Dickenson
Discovery Yellowknife
1.10
9c
10%
Mining & Smclting.
Huron
Int'l
D'Argon Mines
Apr
18c
Jan
*
.-
Jan
8'Ac
*
23'A Mar
30'A
1
—
—
10c
1.00
20
*
Hudson Bay
Indian
Crow's
Mar
1
Yellowknife
Homer
Jan
May
160
1.07
18
65c
12
-1
Jun
20
*
Mining—
C.ournor
9 'Ac
Apr
4'A May
99c
1.03
9'Ac May
May
May
.1
Oil
Feb
150
*
Home
Feb
89%
157
__
♦
*-
:
3,500
11%
*
Dauch
&
15'Ac
.1
Exploration-
Conwest
9% May
15
35c
Feb
1.00 Feb
Jan
39c
*
——
Consumers
73y2C
—
*
Mining & Smelting
Consolidated Press class A
78c
5
Mines
Cadillac
Beattie
Central
Consolidated
995
Jan
5.50 Feb
-
10c
1
Heva Gold Mines
.5
Consolidated
6,100
15c
Hitthridge Mining
Highwood Sarcee_
Jan
21
Jan
1
Medley
Feb
1.56
1.40 May
17'A
50
46c
11'A
12c 12 %c
-1
Hasaga Mines
Jan
2,000
1.20
16
42c
10%
"
Heath
Feb
Jan
10c
19
—
Harricana Gold Mines
Jun
Feb
52c
1.25
16
45c
Mines
Headway Red Lake
Feb
8%
48c
1.60
j6
1
Gold
Carpet.
Harker Gold Mines
Jun
9%c
—
—*
Cotton
Rock
4.25 Mar
14%c Feb
3.45
11%
4.65
Hard
Feb
30c
4.35
Harding
4,500
•
Bakeries
Consolidated
100
.
4.35
Jan
2.10 May
6
High
5'Ac
—1
Apr
38c
-*
Mines
Coniaurum
12'A
10
5
Mines
Coniagas
36c.
22,100
Low
5c
Hallnor Mines
2.20
Jan
—
Range Since January 1
High
1
Halliwell
61c
May
687
8 'A c
*
1
♦ :
—_
37c
1.16
39c
1
—
Mining & Smelting,.—
Chromium
2.60 May
Shares
Swayze
Hamilton
Chesterville Mines
Sales
for Week
24'A
430
2.00
2.19
10,600
100
46c
May
May
16% May
•65
Jan
100%
Jun
Feb
72c
22% Feb
74'A Mar
May
26% May
14c May
27
15c
37c
Jan
14
Jan
13
May
Jan
28% May
17%cMay
29
Feb
22% May
1.82 May
May
25c
30
Jan
-
31c
35
26%
Mar
Jun
May
Feb
2.55 Mar
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4603
165
CANADIAN
RANGE
Last
Range
Bidlamaque
Shares
Low
1
New
Calumet
1
New
Marlon
Mines
MARKETS
ENDING
JUNE
13
Friday
for Week
of Prices
Par
New
WEEK
Sales
Week's
Friday
Sale Price
STOCKS—
LISTED
FOR
(3205)
'5c
6c
84c
Gold
Low
High
5%C
84c
Week's
2,000
4c
86c
2,300
78c
May
May
High
12%c Jan
1.45
Jan
Range
for Week
Sale Price
STOCKS—
of Prices
Shares
Par
Siscoe Gold Mines
Sladen Malartic Mines
_1
Low
54c
15,300
30c
May
65c
Feb
Springer Sturgeon
7%c
8c
7,500
5c
May
9%c
Jan
Stadacona
Yellowknife
1
9c
9C
10c
4,000
6c
May
17c
Nicholson Mines
*
7c
7c
7c
I,000
5%c May
13c
Jan
Standard Chemical common
Preferred
5
1.30
1.25
1.50
300
Jan
Standard
47
46
47
I,725
43
May
54
Jan
43c 46%C
7,700
40c
May
83c
19c 22 %C
Mines
;
Noranda Mines
Norbenite
Nordon
*
Malartic Mines
1
Corp
46c
1
1.25
Jun
2.10
2,000
12c
Jan
24c
Apr
Norgold Mines
1
4%C
4%C
4%c
4,000
9c
Jan
Normetal
*
1.52
1.47
1.55
7,194
3%c May
1.32 May
2.05
Jan
28c
24c
28c
11,500
—
(1944)
Paving
Mining
Norpick Gold Mines
1
Norseman Mines
1
Mines
91c
62c
May
May
60c
62c
4,599
50c
May
78c
8%
44c
(1940)
10c 10 %c
9,100
7c
May
16c
Feb
80c
79c
80c
6,300
56c
May
85c
Jun
36C
35c 37 %c
5,500
24c
Jan
48c
ADr
1,000
5c
Apr
10c
Jan
10c
1
—
6%c
7c
Norzone
Rouyn Mines
29c
II,480
61c
75c
14,400
46c
1.35
1.75
109,450
40c
15c
16c
2,100
14c
7c
7%c
1,500
6c
75c
Okalta Oils
O'Leary Malartic
Omega Gold Mines
Omnitrans Exploration
Orange Crush
Orenada Gold Mines
1
10c
II,000
15%
16
817
10c
1
11c
15%
*
Orlac Red Lake Mines
9%c
11c
Steeloy Mining
Steep Rock Iron Mines
Sturgeon River Gold
Sudbury Contact Mines
33c
35c
5,800
1.33
1.64
128,690
1
56c
49c
56c
16,800
•
12c
7c 12 %c
130,024
Mines
Feb
Feb
Pacific
(Eastern)
Gold
Jun
1.77
Jan
1.60
Jun
May
Apr
21c
Jan
19c
Jan
7c
May
15c
May
13
23
May
1.04 Mar
45c
May
5%cMay
1
32%
30c
35c
6,500
15c
May
1
1.06
1.02
1.12
84c
Jan
Page
23,540
*
29
28%
29
Tubes
470
Tamblyn
28
Apr
(G)
Feb
2.26
75c
Jun
Toronto
65c
Feb
Towagmac
Feb
Traders Finance
1.20
33 %
Jan
Iron
City
Jan
Union Gas
12c
Jan
Union
3%c
4%c
5,000
3c
Jan
5%c Jan
Pickle
Crow
Gold
Mines
4,000
12c
16,585
3,200
2.65
Feb
26c
17c
May
27c
Mar
6c
6c
1,000
6c
Jun
10c
2.10
1.85
2.14
6,800
22c 24 %c
11,300
1.18 May
10c
May
47c
14,100
12c
32,000
1.08
3,225
1.00 Mar
52%
52%
11%
11%
11%
4.10
3.85
38c
20
i
100
4.15
14,450
35c 39 %C
50c
40c
1.70
172%
*
11
95c
100
120
11
11
25
15c
6,000
102
102
103
20
•
68c
67c
70c
7,700
*
8%
8%
8%
200
•
9%
9%
9%
12c
19
46
100
:
Co
Mining—
1
44c
May
56c
Feb
8c
May
29c
United
Corp
class B
Fuel
class
Class
B
12c
*
A
preferred.
1.31
Feb
Feb
United
7% May
16
Feb
720
8% May
10%
14c
4,000
Jan
200
8c
May
17% Mar
21c
19%
21
Feb
190
42%
Apr
49 %
Fen
8%
45
6
6
6
20
5%
Apr
15c
20c
32.000
6%c
Jan
8%
1.025
Ventures,
*
8.50
8.25
8.50
1,225
7.35 May
15c
18b
2,000
24%
24%
40
31c
32c
31c
45c
33,050
31c
I.600
25c
Mar
27c
May
36
645
33%
95c
95c
500
75c
11
11
15
Jan
May
11
Jun
Jun
Mar
42c
Feb
1.67
15
Virginia
Vulcan
Feb
r
Vicour Mines
Feb
38
Ltd
.x——
Dare
59c
75c
15,600
11
11
200
9% May
1.60
1.51
1.60
4,300
54%
54%
125
1.32 May
54
May
58c
Jun
1.40
—
—1
preferred
25
Oils
1
Waite-Amulet Mines Ltd
•
(G & W)
*
18c
24%
45c
50c
4,300
4.50
■1,145
Wekusko
Jan
West
Jan
1.92
Western
-40
-1
83c
80c
85c
3,100
65c
May
1.20
Jan
..1
95c
88c
1.00
II,898
64c
1.14
23%
23%
237/a
890
27c
25c
27c
13,800
15%
15
15%
2,444
110
110
110
125
._1
1.01
1.01
1.01
800
35c 39%c
32,700
————
*
16c
15c
16c
1,000
30
30
25
34
34
125
34
38 %
38%
310
55
Grocers-
27%
28
*
common
Preferred
Mining
Ltd
class
B.
13% May
100
May
21%
110
Jan
Jun
100
Class A
Gold
.1
35c
Mines
.1
3.00
A—_——
3.00
3.00
8%
8%
12C
12c 12 %C
30C
28c
8%
500
1.00
30c
Jun
May
1.70 Mar
80c
Feb
2.20
Jan
Weston
(George) common
Wiltsey-Coghlan Mines
8%
Apr
10
Wingait
Larder
•
-73c
(1936)
33c
1
Jan
15c
Feb
Wood
May
47c
Feb
Wright Hargreaves Mines
32%
75
32%
11%
50
11
9
9
10
7c
7c
7c
1,700
Rochette Gold
1
Merger
Roxana
Gold
Mines
—I
Oils Co
Royal Bank
Royalite Oil
«
,_10
St
Sand
River
preferred
Scarfe
Co
&
class
A—
.22%
23%
12 %c
21
20
—
34c
May
45c
A
25c
May
71c
12%
13
4,085
11%
Apr
11%
10
11%
760
9%
Jan
15
33
34%
20O
130 130%
10
130%
4.15
4.00
4.20
2,450
6c
6c
1,000
24c
23c
24c
13,200
16%
200
16%
41c
40c
43c,
10,300
22%
22%
1,030
500
2?c
1.20
22c
1.10
1.20
1,100
3.10
3.60
83,848
14%
Apr
Jan
Apr
3.25 May
6c
Jun
16c
May
16% May
31c
22%
May
Jun
15%c May
1.00 May
2.06 Jan
3.30
13%
14
850
12%
13
12%
13
525
12
l»
25
For
foothoteiTllee page
44%
135
Mar
Feb
May
4.50
Jan
13c
Feb
27c
Mar
16% May
64c
Jan
25%
Jan
43c
1.65
Jan
Jan
5.35
Feb
Apr
14 J/4
Feb
May
13%
Feb
9.50
15
15
12%
Apr
19%
-1
Girl.
125 125%
500
105
3.25
8,695
24c
24c
24c
13c
14c
1,000
19,200
7c
125
40
55
38%
Feb
40
Jun
32c
38c
15
220
86,100
12
12
12%
330
8%
8%
9
1,256
8.75 May
25c
May
11% May
6% Jan
10%
53c
12%
9
100
100
10
25%
25%
25%
515
21
22
731
104%
104%
105
55
100
Feb
Feb
Week's
Friday
Apr
17%
Mar
101
May
May
17c
Jun
Feb
130
2.70 May
Mar
3.40
Jan
19c
May
28c
Mar
10c
Jan
19c
Mar
Asbestos Corp
Brit Columbia Pulp
Range
for Week
of Prices
Shares
Brown
Co
&
Low
20
Canadian
Industries
Paper
Vickers
Preferred
common—
!
26
May
31
Feb
*
56%
50
56%
365
43
Feb
4%
4%
7,125
3
May
May
64
4%
82
80
82
465
—*
com
Sugar-—
Marconi
22
22
22
25
*
23
23
23
50
*
2.00
2.00
2.00
500
31
31
31
25
*
common
•
100
141
141
Canadian Western Lumber
10
2
2%
2%
2%
Consolidated Paper
200
•
17 %
16
17%
3,906
68c
41,195
Dalhousie
——
Oil—
•
67% May
20%
21
26
32%
Jan
Jan
175
175
10
165
32
32%
74
31
*
17
18
965
Oil
Minnesota
&
Gas
Paper
*
common
&
Ontario Paper
Selections
2.80
2.60
2.95
9,000
•
47 %
44%
47%
2,345
•
17%
17%
*
:„1
Bros
17%
1,400
7%
6%
7%
32,800
2.40
2.35
2.40
3,225
*
Southwest
Petroleum
59
Stop & Shop
Temlskaming
*
32c
*
Mining
.
1
59
40c
50
6,800
1.60
7%c
—
1.60
35
7%c
7%c
1,000
Apr
Jan
Feb
58 %C
International
152
Jan
19%
67c
Paper
36%
Feb
14% May
175
preferred
May
106% Mar
Jan
3
Feb
32%
Oil
29
23% May
25%
3%
»
Air
Feb
Apr
100
Dellavilland
Feb
88%
Jan
130% Mar
2%
5%
Jan
1.75 May
Dominion Bridge
Foothills
1
High
100
Dominion
Canadian
Canadian
Range Since January
High
26%
._1
&
common
Preferred
Canada
Low
26%
*
Pend Oreille
100
•»<.
Sales
Last
Jan
May
May
Feb
Jan
Jan
21c
Jan
May
Exchange-Curb Section
Sale Price
STOCKS—
Jun
24 % May
19% May
104
31
18c
Canadian Funds
Price
21%
Jan
29c
May
13%
97
2.90
Feb
39% Mar
;-ii}
Toronto Stock
Feb
40
37c
40
9.50
100
40.
10c
755
100
10 %c 10 %c
Jan
38 %
Jun
15
3.25
23c
7%c May
Apr
100
13 %c
Mines
Yankee
Ymir
Jan
9.50
•
it
27
Mar
36
10c
Donnacona
*
Preferred
Jun
99
Par
32% May
117
13%
Silverw'd Western Dairy preferred—100
Simpson's Ltd class A
*
,
Yellorex
13% May
*
Class B
♦
Feb
22%
If,!
,
Feb
14%
100
Jun
9,100
1
class
preferred
Feb
7,800
—5
—
Jun
Jan
50c
Feb
30c
1
Clas3 B
,
22%
1
Mines
(Alex & James)
Jan
*
common-,—
Dairies
-1.03
1
Sigma Mines (Quebec)
Silverwood
Apr
39c
-
Ltd
43c
*
Mines
66,900
15c
27
26
Jan
Feb
70c
19
50o
Gold
Preferred
58c
60c
May«
27c
c_
Silver Miller
May
35c
1
Sicks' Breweries common
Silknit
28c
*
Sheep Creek Gold
t
5c
14,500
29,050
30c
1
Shawinigan Water & Paper
Shawkey Mines (1945)
V
1,500
41c
1
Ltd
Sherritt-Gordon
7c
39c
-1
.
Ltd
Senator Rouyn
7c
39c
100
Gold—
Mines
19c
22c
Jan
Feb
65c
—50
Gold Mines Ltd.
Sannorm
12c
37c
•
common
Lawrence Paper
San Antonio
Jan
12%
—————
15%c
Mar
14
10% May
20%
Russell Industries' common—
preferred
May
38
i
Rush Lake Gold Mines
A
4c
Apr
nil
—i
Roybar Chib Mines Ltd
St Lawrence Corp
Jun
May
6%
1,670
4,530
*
16c
14%
1
7c
25c
11%
••
5,500
100
6,600
32%
1
6,000
11c 12 %c
*
common
Preferred
3.75 Mar
11,100
Robinson Cotton Mills
Roche Long Lac
10%c 10%c
12c
21% May
Feb
25
Riverside Silk class A
common—
10 %c
1
Gold Mines Ltd-.
Winnipeg Electric
60
1
—
Winora Gold
Gold
34
*
Winchester
Reeves Macdonald
Jan
Jun
4.95
36% May
„
Jun
«
May
Mines
Mar
50c
4.20 May
1
Consolidated
Malartic
Feb
22c
25 %
18 %c Mar
4.45
Jan
l,12
Feb
50c
Feb
2.65
May
4.50
Jan
13% Mar
15c
24
Feb
Jun
10
2.00 May
45c
42c
8
Feb
20c
7% May
17,523
8%
Feb
Feb
46
Steel
Fob
103%
May
2.45
Quebec
Rouyn
58c
Mar
30c
Jun
2.25
75c
Little
Feb
102
2.45
Purity Flour preferred.
Robinson,
12%
10%
1
!
Gold
Apr
Jun
21
10 %c May
Upper Canada Mines
—X
Rlchmac
175%
3.30
—i
Reno
Feb
Jan
170
4.40 May
11
class
1.40
3.25 May
East Dome
Textiles
Jun
2.30 May
Metals
Renfrew
95c
25
—
Feb
Feb
50
Oils
Jan
18
19c
preferred
Jun
1.10
Jau
United
Apr
4.15
65c
5
3,670
95 c
Queenston Gold Mines
12%
3.20 May
2,300
Preston
Regcourt
Mar
3.00
Pressed
Ren able
54
4.20
__1
Products
Jan
52% May
11% May
3.90
35 %
Quinte Milk
28
May
26,900
14c
__1
Jan
Feb
2.65
_1
Mines
2.75
33c
51c
174
Mar
60c
19%
172
Jan
31c
May
Jan
Walker Hiram
Quemont
26
Jan
2.85
May
1.98 May
2.80
River
Manitou
1.70 May
19c
8,400
95c
95c
Jun
35c
19%
19%
1.80
4.20
Powell Rouyn common.
Power Corp
Gold
15c
100
Resources
Jan
,ian
1.88
„1
Porcupine Peninsula
Porcupine Reef Gold
Premier
22 %c Mar
Jan
20c
-1
Pioneer Gold Mines of B C
Powell
10c
Jun
1.06
17%
in
12c
105
A
preferred
United
1.02
89% Mar
27
*
class
common
23 %c
11c
Jun
1
Trusts
Works
Transcontinental
Apr
1.05
80
lo
Exploration
6c
-1
155
27
.
General
8,500
Mines
83
55c
Feb
2,000
Gold
Mar
27
1
12%c
8c
Perron
77
•
Gold
14c
45c
May
13% May
120
'
Tip Top Tailors
Toburn
8c
47c
100
4,500
1
11c
„1
6,800
15
1.80
50
Jan
70c
Feb
75c
2.35
common
19
9%
78%
2.20
Mines
8c
Paymaster Cons Mines
Pen-Rey Gold Mines
Feb
23c
Thurbois
13c
1
23
2.35
Feb
18 %c
1
Malartic
Apr
1
•
7
Partanen
720
50c
Thompson-Lund Mark Gold Mines
Paramaque Mines
Malartic
21
-
20c
Feb
Parbec
9,250
Feb
Mar
•
1.61
1.84
1
Taylor, Pearson preferred
Teck-Hughes Gold Mines
Pamour Porcupine Mines Ltd
1.45
Apr
8
5%
80
15c
1
Preferred
Twin
1.55
10b
Apr
Pacific Petroleums
Hershey
May
Apr
68c
81
*
Sylvanite Gold Mines
Toronto
Pacalta Oils
May
102
15
1
Surf Inlet Consol Gold
2.67
26c
34c
1.46
7
5
365
77
1
76c
May
9%c May
1
.
72c
•
25
1.80 May
25c
7,000
i
Lake Mines
Osulake
20,200
2.39
7%c
Ogama-Rockland
32c
2.15
15c
Mines—
29c
2.35
1.68
Gold
850
102
6 %
•
Feb
1
Jan
6%
%
*
Preferred
8%
Jan
20%
1
common
8
Feb
1.25
102
~6
*
Gold
Canada
Feb
54c
2,710
100
Sullivan Cons Mines
O'Brien
Osisko
May
*
Northern Canada Mines
North Inca Gold
Northland
19c
of
40c
44c
1.13
•
Olsen
Co
68c
40c
-
common
Stedman Bros
Steel
May
1.05
•
Preferred
Starratt
45c
43c
Jan
Nipissing
Mines
l
High
6,950
7,700
1.11
Jan
Nib
Low
58c
•
43c
8c
42c
Gold
Range Since January
High
53c
1
40c
1
Nev/north
Sales
Last
Range Since January 1
32c
Jan
68c
Jun
Jan
175
Jun
Apr
14% May
37
Feb
19%
Feb
1.90
41
Jan
2.95
Jun
May
55%
Jan
15% May
4%c
Apr
2.20 M° v
21
Feb
8c
Apr
3.40
Jan
52% May
60
Feb
20c
40c
Jun
1.10
Jan
Apr
6%c May
1.75
12c
Jan
Jan
45
46
THE. COMMERCIAL &
(3206)
FINANCIAL CHRONICLE
Monday, June 16,1947
OVER-THE-COUNTER MARKETS
Quotations for Friday Jane 13
Investing Companies
-*l
Aeronautical securities
—1%
10
Affiliated Fund Inc—
Holding Corp
Amerex
Aid
5.09
415
28
S.59
Shares:**—.~1
Standard Oil shares-
Axe-Houghton Fund Inc—*•***.■■■
Fund J3-—
Axo*Houghton
—1
Co—■*—*—*—-1
Beneficial Corp——,
Blair &
Tr of America——
Fund Inc—
—•
Broad Street Invest Co Ino
Bullock Fund Ltd———1
Bond
inv
Boston
—100
Commonwealth Invest———1
Delaware Fund
——1
Dividend Shares—
.38*
K-a_
19.17
21.07
26.20
..1
8-3.
13.29
10.13
4.07
4%
99.58
Conv
4%s_
income
2019
72
18.17
18.43
Fund
Loomis Sayles Mutual Fund—*
Loomis Sayles Second Fund—10
Manhattan Bond Fund Ino—
Common
lOc
Mass Investors Trust——!
Mass Investors 2d Fund—.]
74
5.05
3,060
154
24.05
—10
Corp.—
b
Mutual Trust Fund..
2
Fundamental Investors Inc.
Fundamental Trust shares
General Capital Corp—.
General Investors Trust.—
36%
First Boston
6.08
16.06
1.57
'25.71
15.60
'24.71
2.02
1.85
13.07
5,82
46.36
7.50
8.22
26.88
11.86
13.53
14.79
-10
81%
84%
Home
25
26
'
14.75
Aetna
-10
48%
51
Homestead
.10
12
14
1
9.78
10,57
Aetna
-10
41
43
Insur Go of North America
10
93
96%
1
-29
70
73
Jersey-Insurance of N Y
20
36V2
40%
6.98
7.67
4.35
4.81
American
AQlanoe—
—10
18%
20%
Maryland Casualty common**.!
1.0%
11%
•
5.85
6.54
American
Automobile.*———4
28%
30%
50%
52%
' i
Casualty
20%
22
Nation-Wide SecuritiesBalanced Shares
,
National Investors Corp—1
National Security Series—
..
Bond
series
series-
Income
Industrial stock
series**.
Bid
Par
Life
Agricultural
.
—
Insurance
—*——
7.17
American
9
10%
11%
Convertible preferred
3.89
American Equitable—
*——B
American Fidelity As Casualty .9
15%
17%
Massachusetts Bonding.
8.04
11
-
12%
Merchant Fire Assur
Selected series
3.50
3.89
American of.Newark
*..3%
187/a
20%
Merch & Mfrs Fire N Y
3.25
Stock series
4.95
5.50
14.76
15.83
Fund—*
New England
National Liberty——
Baltimore Amerlean—_—.2%
5%
6
61%
8.15
8.93
8.40
7.00
Electrical Equipment——.
10.04
Food shares
5.00
.
5.43
City of New York—
Corporate bond series—
Connecticut General Life.—10
Diversified Investment Fund-
10.61
11.63
Continental Casualty—
50
Diversified
10.78
11.81
Drum A Forster Inc.
"
14%
—9
20
16%
3i%
Pacific
Federal
—10
50
54
providence-Washington —.10
10.15
11.12
Fidelity to Deposit of MAI*—20
149
50
63
7.41
Public Utility
Railroad
8.12
12.79
14.02
5.86
.
6.42
Fire Assn of Phlla
10
Fireman's Fd of San' Fran**—10
of
Firemen's
5.20
Franklin
Fire——
9
7.55
General Reinsurance
Corp— .10
7.28
*7.98
Gibraltar Fire to Marine—
10
—
11.31
Glens Falls Fire.—
,9
47
Globe & Republic
Railroad Bond shares
2.45
<2.68
Petroleum
RE Equipment
shares-
4.12
4,48
Putnam (Geo)
shares.
3.95
4.30
Steel shares-
4.65
5.05
Tobacco shares.
4.16
4.52
5.10
5.54
to
——
19%
26%'
14.86
3.30
'99.19
101.19
Selected Amer Shares-
10.91
11.81
C—*—
■
7.34
25.38
19.69
13.44
101%
_*f
X17.40
27,67
B-l.
29.19
B-2
23.87
26.16
Series
B-3—
16.58
18.16
Series
B-4—
8.70
9.54
I
15.17
16.31
Inc.—
American Airlines 3s
—1966
Amer Tel & Tel 2%s
**-1987
'Consolidated "Edison—
Unit Type Trusts—
Independence Trust Shares——*
7.50
6.55
2.80
2.50
'
.-1972
102%
Cudahy Packing 2%S
Par
Bankers Trust
—100
York.
102%
Paso Electric ,2 %s..—..1976
El
Series 1956—
98%
103%
,
■$.*
1
10
—10
*——
—100
Brooklyn Trust
Central Hanover Bank to Trust 20
National Bank.:—
15
Chase
Chemical Bank to Trust
Bid
2.91
108
x94
34%
Ask
26 %
358
40%
113
97
36%
10
39%
41%
—20
40%
Continental Bank 6s Trust—*10
16%
42%
18%
Commercial National Bank &
Trust Co
_
100%
—*..1970
103%
99%
&
Par
Fulton Trust
loo
Grace National
Bid
Referred
■Guaranty Trust
Irving Trust
Kings County Trust
Lawyers Trust
Manufacturers
-100
.10
*
Co
268
277
15
16
1,610
.20
49
—
.100
491/4
222
12%
39%
"
Ohio Public Service—
3.90%
preferred
102 %
Old
—1965
103
104
90%
40%
Portland Gas
& Coke
3%s.l976
101%
101%
,
101
,
•
—
Carbon
Co..,
*,—100
100%
102
12%
preferred .*.—.*.100
Signature Recording
25c
103%
Tenn Gas <Sc Transm 2%s—1966
101 %
102 %
*.1076
100%
Stern
Stern
&
13%
100%
102
52%
53%
'12%
1VA
03
3.50%
•
9
107
102%
102%
,102
107
7
Pennsylvania Electric—
100
3.70% preferred
Pitney Bowes 4%% pfd
..50
Plymouth Rubber Co
.—.2
Public /Service
(Indiana)—
10'2%
'
,
94%
%
Textiles*...i—I-
1
8%'
9
"
101
2%s—1976 '
Scranton-Spg Brook
Willys -Overland
4%%
•54
pfd.—*
'
'
54%
42,%
57%
Pdblic Nat'l Bank to Trust. 17%
83
Sterling National
25
67
18
21
Title Guarantee to Trust
12
10%
United States Trust
Pennsylvania Electric 2%s—1976
Philadelphia El Pow 2%s^.l975
%
93%
_
55 %
Fiduciary Trust
—10
36%
39%
First National Bank——160 1,385
1,446
1976
•
105%
105%
1021/4
102%
191%
101%,
—1977
10%
16
Ribbon
Town
and
Power
2%s
,9%
—5
104%
101%
(Wis)
3%
—.5
104
Ohio Public Service 2%s
54'/2
7%
4-1%
79
-——
52
25
Morgan (J P) to Co Inc
National City Bank
New York Trust
180
52%
53%
Michigan Gas & Electric.——10
Monongahela Power—
♦
4.40% preferred ——^—,100
Moore-Hanley Hardware
1
New England Gas & .Elec—
4%% preferred
—...100
205
,100 1,560
_25
Trust
165
Ask
1
Frontier Power
1976
—1978
Ask
100
Bid
1B20
"
100
Northern "States
Bank to Trust. 20
—50
Empire Trust
34%
Power-
$2
preferred "——-—
Empire Millwork
104
1961
Gatineau Power 3s
Light
100
630
51%
228
Utah Pow to Lt 2%s.
71
!>*4f.
11%
660
United States Treasury
Rills
Ratef fqoted are for discount at purchaaa
ibid
Ask
J&375
b0;375
0.28%
0.33%
bO.375
,0.33%
bO.375
0.33%
JbO.375
0.34%
0.34%
0.35%
Treasury billsJune 19, 1947
June 26, 1947-***
Obligations Of Government Agencies
Federal Land Bank Bonds—
1%S Oct
1, 1950-1948
1, 1952-1950—
l%s Jan. 1, 1953-1951
1%S
May
8%S Feb. 1,
Bid
100.8
90,14
Ask
100.12
rs Apr. 15,
Bid
lOO
1948
100.2
July
100.4
17,
100.6
103,10
i
outer Issues
.wei
125%
Quotations For U. S. Treasury Notes
Bid
Ask
1%%
b0.92
0.82%
100.20
100.21
-1%%
Maturity—
name
Dollar Price 100 Plus
^Indebtedness—
0.82%
b0.92
bO.375
*J"S0 *£* l»
Jv
i XfSi
♦%S Sept. 1, 1947——
«
t%8 Oct. 1, 1947——*
I'/aS Nov. 1, 1947,****
*%S Dec. 1, 1947
t%S Jan. 1, 1948
2%S Feb. 1, 1948-—
2%S Mar. 1,. 1948—
—**
—
4%S Apr.
1, 1948—,
t%8 June 1, 1948
Bid
-0029
,0061
Ask
.0063
•
Ask
.
b0.875
0.85%
bO.S75
0.35%
0.35%
•bO.375
JttO.375
0.33%
b0.375
Oi35%
bO.375
.
0.35%
of
for
in year's
range)',
e
Ex-interoit.
changed March 25, 1947.
,
s
kRemoved to Stock Exchange,
r Cash sales (not included in,year's
Middle West Corporation authorized distribution on June 14, 1947 to Capital Stockholders
record May 23, 1947, one share common
each
bBld yield price, d Deferred delivery sales, (not
g Formerly the Aviation Corp. of Delaware;
f Flat price,
share
of
(Un) Unlisted issue,
Capital
w
Stock
of
stock, par $5 of Central and South West
The -Middle
d When delivered,
West
Corporation
wi When issued,
held,
x Ex-dividend,
Co'riioraitioh
t Ex-stock;
y Ex-rights.
diViden^.
t
.
.
^
-
-0130
.0125
.0087
..,0146
.0076
.0152
.0050
.0142
.0062
.0171
.0076
.0202
.0090
bO.375
—
Odd lot sale (not included in year's range).
range)
figures after decimal point represent one or more 32ds of a point
.1%%
1947—
—
Bid
August 7, 1947——
August 14, 1947—
August 21, 1947
August 28, 1947.*——
/.September 4, 1947
September 11, 1947
126%
a
Int. Rate
—
July 31, 1947
included
Maturity—
-*
July 24, 1947i.*._
Panama Canal 3s—
Wept. 15, 1947—
**S|»t. 19^; 1947^.—
Wept. 19, 1948—
—
July 3, 1947
L—
July 10. 1947.
Ask
0948
103.6
1055-1953
Federal Home Loan Banke¬
—
.0231
.0184
.0342
.0139
.0330
•No
dividend.
par
value,
tin
default.
tThese bonds-are
subject to all Federal taxes.
i
69
32%
-
Par
- -
•
Laclede Gas Lt 3%s.
Federation Bank to Trust—10
Corn Exchange
.
■*
*
161
Firestone Tire to RUb 2%s—1972
$1.9a
-
.
3.36
City Banks & Trust Cos.
24%
343
38%
50
'{
570^
42..
2.00
Iowa Pub Serv 2%s—
Bank of New
'
555
4
.
Connecticut
,
100%
102%
97%-
__I967
Illinois Power Co 2%s
Bank of the Manhattan Co.—10
100
-
.
■Stocks—
'
39%
102
.
100%
North Amer Trust sharesSeries 1955
Ask
1
'
'
2%fi series O———
3.39
—
88
101%
2%s series B —...—.'.1.1977
2%s
New York
• »
Security Issues
Bid
-T>.
(
|
30%
27%
Fidelity to Guaranty Co..2
U 8 Guarantee
18.99
D
Series
s
S Fire.
Westchester Fire
39
"-fvr
Bonds—
Diversified Trustee Shares—
Keystone OustClan Funds-
g
106
35
Recent
21.52
2844
13.13
\o
8.03
Fund***.
Whitehall Fund
Management <Fund Inc.l
26%
6.55
5.98
■
Union Common Stock Fund B—*
Union Preferred Stock
14.14
Investment Co it America.—10
•
108%
104.
22.54
series A—
Wellington Fund
12.91
28%
26%
10
.10
20.26
1.05
Stock and Bond Group shares-
i
82c
74c
21.66
Series
95 c
,1
■47%
47.75
44.75
Trusteed Industry Shares—.250
Union Bond Fund
18:54
Insurance Group shares
X24%
Fire
68
45%
•
i»
78c
70C
Utilities
State Street Investment vCorp—
Bank Group shares.
29%
10
Hartford
4
65
12%
Springfield Fire & Marine—29
88
28%
Hartford Steamboller Inspect.. II
19
<—10.
Standard Accident
Travelers
84
9
*
28'
22
*
19
—:
■*
6%
4%
25%
17
6.78
6.19
Sovereign Investors-
18
Fire
Security New Haven
9%
preferred
Hanover
Scudder, Stevens to Clark
Fund, Ino**—.*—**
Standard
2nd
Seaboard Surety
17
37
10
St Paul Fire to Marine—
49%
•
5%
35
10
28%
(Paul)
4%
—.*9
21%
>*
Great American
15.98
3.01
(NY)
(Texas)
Revere
8%
9
...
Globe to Rutgers Fire com**. 19
18
Trading—*
Fund——
Republic Invest Fund.—
81
77
8
13%
'
15
10.32
7.33
——
Republic
12%
6.89
Railroad equipment-
10
Reinsurance Corp
96%
Newark—>*——9
4.80
..
6.76
8.98
i
156
..
Tobacco
■87C
53
10.30
Steel
8.19
50
10
*
9.40
5.72
79C
Indemnity Co
Machinery
8.62
Ltd—
105
■
"
'
Securities
101
Pacific. Fire—
Phoenix
7.59
Aviation Group -shares.*——
i76
29
!
52%
.
28%
Preferred Accident
5.27
1.69
1 i
73
70
5.44
22.91
6%
*44%
12.50
—
30%
Institutional bond shares
1.65
I
5%
0
Northern
69
Oils
2L19
12%
23»/4
28%
Metals
_—-——.10e
25
21%
-10
Merchandising
Foundation Fund Ino
River
Employees Group—
Employers Reinsurance
8.18
Incorporated Investors.———I
i
It
11%
8.55
9.91
68c
28
,
23
10.20
7.33
60c
26
■.'42 '<•
9.31
6.76
1
|
6%
176
10
7,80
T.54
Corp..
I
j
M
2.60
—
Northeastern
,69
i
,
10
*9
.
Electrical equipment——
Insurance stock—_——*
shares—
7.53
—10
North
:•
4$
-
,165
2
*
New Hampshire Fire
York Fire
11.65
10.63
Casualty—
New Brunswick
22%
'
66
shares————
6.73
21
10.50
Industrial Machinery shares—
6.20
9
.11.70
7.83
6.94
Camden Fire—
9.58
preferred stock—
Diversified Industry.
.....
Amsterdam
•
5%
—20
New
11.03
T.22
shares—.
New
72%
—******—
stock.
Bank
10.35
■
29
46r
-2
Fire
'1
.
67/a
.
.2.7
(Detroit)—10
—10
National Union
9.44
5%
National Fire.
57%"
7.75
—
55
36
68%"
6.45
.——
63
33
10
5.26
Price Shares—
Surety—J
National Casualty
29
Chemical shares..
Mining shares—.*
Petroleum shares.
American
Automobile
18%
16%
**..10
29
10
Reserve.:
|
I
i.4
28%
4
j
,
30%
.-81%
,_fi
■
Boston
5.09
Merchandise shares
American
.12%
Ask
27%
Bankers & Shippers—
8.50
Investing
10
Re-Insurance
American
New York Stocks Idc—
Chemical
Administered
3.63
Speculative serleft
6.90
5.99
Series
preferred
7.28
8.15
4.88
Invest
Fire
6.52
10.58
Aviaclon
Institutional
—
Prior
t
.
B-l
Par
3.46
6.30
Automobile
Common
*
Low priced bond Berles
Low priced stock common—.
9.65
7.33
Income
Companies
Ask
7.44
'6.76
——
53
10,97
Aviation
5.79
Building shares—
51
.24.86
Automobile
'6.55
44.06
5.40
Group Securities—
Utllitv
100
preferred
47.30
Agriculture
5.68
shares
23
5.60
5.04
14.32
40.98
shares*—
shares.
Ask
21
13.74
10
Building supply.
Huron Holding
6%
Bid
*
■
98.78
39 y2
5.25
First
stock
Common
Aetna Casual A Surety.
Mutual Invest Fund Inc
22.95
Railroad
/
102
*
21.42
14.71
Fund Inc.—
Financial Industrial Fund, Inc.
Low
100
4.51
30.99
Fidelity
Fully
—1994
11.81
8-4.
>
:
ist ,4s*—
14.62
8-3.
Knickerbocker
14.59
Fund—
General bond
'Stocks — '
""'V"'-:
Chicago Rock Island to Paciflo—
Ask
Chicago Rock Wand AS Pacific¬
.28.73
.16.00
3%
95.60
19.81
16.81
16.81
Bid
—
Preferred stock series—
Howard-Balanced Fund—
Agricultural
Bends
19.59
Series
Baton to
Stock
(When, as and if issued)
y
Series
5%
,
»
Series
5
149
x5.59
14.85
1.42
^
17.88
-
7.67
3.95
Preferred
——
Ask
*%
"1*/*
7-04
14.72
Securities com—.100 2,960
Christiana
Series
Bid
Series 8-1—
4.24
13.59
Fund
Chemical
Series K-l
30
2-8.82
Fund Ltd—
Canadian Inv
Century Shares Trust
Keystone Custodian Ponds (Cost.
4.54
3.87
American Business
Associated
Reorganization Rails
Par
Ask
Far
Mutual Funds—
([Ex-liquidating
1
Volume 165
Number 4603
THE
lb
Bank
with
clearings this week show
a
year
COURSE
increase compared
an
Preliminary figures compiled, by
ago.
us,
based upon telegraphic advices from the chief cities of
the
country, indicate that for the week ended Saturday,
June
14, clearings from all cities of the United States
from which it is possible to obtain
weekly clearings will
be
16.5%
above
Our
year.
those
for
preliminary
the
totals
stand
at
$14,718,539,914
this
center
there
is
gain for
a
Our comparative
the
in
week
1946.
ended
At
Fri¬
for the week
summary
follows:
however,. which
we are able to give the filial
complete results for the week previous—the week
ended
June
having recorded
the following
In
$7,109,776,139
616,639,952
507,671,400
481,000,000
402,149,999
i
743,000,000
Boston
431,003,495
230,649,127
Kansas City
St. Louis.
-
_
Cleveland
239,125,560
Baltimore
.
Ten cities, five days
Total all
$11,619,319,839
cities, five days..
4.4
•>:a+ 7.2
■vVH 15.1
';+ 23.2
+ 23.2
+ 60.9
,+ 29.3
YY30-8
$9,588,800,980
+21.2
.
2,005,429,240
5.5
+
an
increase of 4.4%.
furnish
we
a
'
a
the
982,665,920
1,041,095,345
■
-
Boston
2d
New
3rd
$14,718,539,914 $12,635,325,565.
.
New
York' Stock
Exchange
is
1
'
-Month of May-t
The
'm;'u
-Five Moiiths-
T947
1946
20,615,786
shares'
30,409,809
1Q47
1946
107,886,916
173,103,231
Bonds—
$75,863,000
$84,310,400
$412,655,600
$583,465,500
6,523,200
5,343,100
31,303,000
York
12
Philadelphia
4th Cleveland
4,298,900
1,228,000
bonds
U. S. government
bonds
140,000
bonds__
11
"
"
$82,526,200
$93,952,400
$445,186,600
17,001,200
January
February
'
1946
1945
No. Shares
23„556,803
1944
No. Shares
No. Shares
51,510,197
34.092,745
38,995,195
32,612,585
17,811,394
23.757.877
..19,336,900
March
25,663,765
27,492,243
27,643,038
Quarter
66,651,580 111,266,707
17,100,772
99,100,023
20,619.550
31,426,715
28,270.442
30,409,809
32,024,018
17,228,380
of bank
course
clearings
(000,003
at
Month of May
1947
1946
^
leading
—
^
1945
3,443
1947
(jj
3,226
cities
—
1944
28,185 30,016 27,736
3,149
2,634
2,353
1,763
1,826
1,604
Outside N.
5,403,422,550
We also furnish today a summary of the
,
the month of May.
For that month there
clearings for
was an
the
1946
aggregate
$56,312,980,526.
Reserve District the totals show
In
the
New
District
Reserve
Month
the
^
in
with
14 cities
New
York
1
14
21,105
146,531
2,001
1,455
14,679
152,353
12,643
9,152
8,798
2,969
7th
16
"
"
,-10
Chicago
10th Kansas
"
"
1,813,399,889
19
"
2,843,770,001
Francisco
Total
1,718,952,882.
1,380,849,379.
2,296,451,018
184 Cities
Y.
^
132,564 112,850
11,341
10,242
7,875
7,484
1st
Boston
14 cities
2d
New
3d
Philadelphia
4th
Cleveland
*
.
__—
1
1,243
7,114
5,842
Sth
694
6,324
637
3,704
3,417
13,493
5th
Richmond
St.
Louis
531
442
3,194
9th
551
3,360
2,790
2,645
786
2,367
10th Kansas
894
5,990
986
4,858
4,391
4,042
11th Dallas
997
913
5,879
4,741
4,780
4,521
12th San
4,608
3,845
3.022
2,377
2,149
il,232
1,906
1,486
7,100
5,899
7,593
283
2,249
1,851
1,676
322
1,496
7,283,994,992
+ 12.6
9,125,340,972
+ 20.2
6,934.274,399
11,520,954,941
8,796,813,348
14,567,031,031
5,681,787,623
9,3.11,781,755
7,270,720,489
12,762,715,475
295,997,252,250
280,890,656,447
+
5.4
250,426,192,704
"223,646,140,5^9
128,537,123,284
+ 16.3
117,862,190,720
110,796,094,777
8.202,680,056
285
2,347
1,848
1,599
79
67
462
396
355
157
140
1,111
940
800
764
274
287
289
1,617
1,318
269
1,398
267
198
1,544
1,222
328
1,082
233
1,928
1,627
170
1,296
137
989
791
675
623
1,948
1,716
1,578
44
1,210
115
Francisco
<4
990
252
44
15
1,599
525
44
16
,
„
Providence-
100
95
Milwaukee-
215
186
324
316
384
.
'
Total
Outside
N.
The
184 cities
Y.
City
following compilation
202
Richmond
459
390
342
308
2,341
308
252
202
165
,1,708
413
1,309
370
1.023
917
428
358
2,085
190
1,842
151
1,971
117
108
1,857
930
737
100
605
89
581
,72
62
423
353
Hartford
To. 27
_
cits,
Other cities
Total
all
—
Out. N,Y.C.
490
50,877 49,990 46,458 38,223 259,764 250,722 224
7,324
6,322
5,251
4,722
36,233
30,168
405
1947
—
3.2
9,157,070,984
136,628,731,421
14,992,367,729
14,231,639,069
6,434,145,898
9,473,667,036
22,258,206,676
6,747,824,855
4,533,228,058
8,158,923,084
6,110,899,441
11,699,483,453
+ 10.2
+ 18.7
+ 22.0
+ 23.7
+ 21.0
+ 14.1
8,680,378,074
116,689,076,656
14,094,239,064
13,500,254,419
■
5,904,892,237
8,770,924,176
21,442,440,773
6,299,909,912
4,336,806,352
7,680,308,934
5,360,687,480
10,886,222,492
clearings
■
1946
$
Inc.
$
or
Clearings Outside New York
1947
,
Dec. %
$
.
1946
1
■
Inc. or
$
Dec. %
January..
62,831,178,535
60,325,652,392
+
4.2
February
31,303,485,434
54,218,083,234
26,715,645,414
+
8.9
27,176,824,239
62,915,079,631
49,800,343,979
57,592,838,206
23,154,014,919
9.2
+ 17.4
+
31,216,513,455
26,591,372,184
+ 17.4
179,964,341,400
167,718,834,577
+
7.3
89,696,823,128
76,461,032,517
+ 17.3
57,831,649,500
58,201,261,350
56,858,841,344
+
1.7
25,779,113,057
+15.4
+
3.4
29,753,982,335
30,015,397,516
26,296,977,710
+14.1
295,997,252,250
280,890,056,447
+
5.4
149,466,202,979
128,537,123,284
+ 16.3
March
three
months
199 841
26,021
5.5
clearings by months since Jan. 1, 1947 and 1946.
monthly
Months—
Total
23|805
58,201 56,312 51,709 42,945 295,997
280,890 250,426 223,646
30,015 26,296 23,973 21,839
149,466 128,537 117,862 110,796
I
+
Clearings, Total All
340
Salt Lake C
the
covers
1,418
Ihdianapolis
!
!
$
10,872,293,346
22,455,127,023
7,592,769,576
10,350,122,400
12,635,315,549
26,655,176,949
8,106
319
361
Minneapolis
City
1,855
1,636
359
472
Months
1944
$
+ 11.2
2,788
419
Five
1945
+ 17.4
44
19
1,530
or
13,999,730,031
44
11
11
Louisville-
Inc.
Dec. %
16,786,073,687
41
7
972
Omaha
Five Months
1946
156,523,540,050
44
8
663
348
Five Months
44
—17
—17
-16
373
42,945,255,964
21,839,404,967
16,434.124,467
44
16
—
;—
-31
437
51,709,917,677
18,673,762,435
York
6th
459
1,077,385,040
2,140,763,826
10,916,376,377
151,535,401,726
<<
7th
New
1,462,588,336
--
149,466,202,979
.
3,828
525
1,753,253,767
4,225,052,813
1,259,482,384
811,228,150
23,973,433,771
+ 14.1
$
5,501
614
56,312,980,526
1947
3,936
722
1,914,982,038
26,296,977,710
Federal Reserve Districts
1944
5,603
908
-
append another table showing clearings by Federal Reserve Districts in the
five months for four
years:
14,368
Minneapolis
'1
May
4.357
5,102
'
-
4,503,885,2221,357,831,942
919,484,222
1,648,437,886
1,213,156,988
2,341,768,746
1,855 428,911
1,494, 631,460
2,581, 420,049
58,201,261,350
;
2,927,110,126
1,309,160,632
1,117, 231,657
30,015,397,516
City
3,116,405,967
2,259 853,360
"
—15
City
11th Dallas
N.
;"{
$
1,685,792,519
21,866,402,555
2,815,882,080
"•''Y,671,696,588
-1,175,727,306
28,583,810,978
4,671 917,664
1,533, 793,860
16
Minneapolis
16,051
755
2,509,288,083
5,667,279,382
—11
9th
Outside
"
"
"
Louis
5,522
816
1944
1,868,882,930
3,382 ,097,401
2,840 ,409,739
1,487 802,278
1,644,092,416
7
St.
12th San
'
-
31
-
8th
5,071
7,794
4,044
1945
2,154 778,727
30,933 615,420
29,169,930,487
3,622,768,126
3,419,177,060
"
8
17,793
1,426
1946
-
Five Months
^
In the
the San Francisco Reserve District
10.2%.""
2,115,302,627
"
17
—
799
___
by 23.6%.
City Reserve District there is an increase of
23.8%, in the Dallas Reserve District of 21.3% and in
$
Boston
We
^
4,216,137,963
••
1st
may
Jan. 1 to May 30
1946
' 1945
9,034,885,818
-
Kansas
1947
1,256
Seattle
York
1.8%, but in the Philadelphia
totals show an improvement of
of May—
+
10.5% and in the Atlanta Reserve District of
11.0%. The
Chicago Reserve District has managed to enlarge Its
totals by 21.3%, the St. Louis Reserve
District by 12.1%
and the Minneapolis Reserve District
loss of 5.7% and in the
a
1,104
1,166
_
187,212,044
270,181,828
151,278,460
444,653,261
"
7.1%,. In the Cleveland Reserve District the totals show
improvement of 20.4%, in the Richmond District of
body of clearing houses of 3,4%, the 1947
aggregate of clearings, having been
$58,201,261,350, and
1,191
Memphis
'
an
increase
for the entire
2,695
_
4,702,262,847
6,014,328,685
Y. City
823
—
11,033,371,367
12,938,949,199
1,160
Paul
7.3
+11.3
13,879,036,168
Cleveland-
St.
+ 30.4
150,497,109
494,595,724
*
194,366,103
522,453,304
905
Buffalo
+ 16.1
681,037,277
Kansas City
Denver
304,266,648
225,621,781
1,007
1,483
Detroit-
+ 19.6
"
971
Orl'ns
291,741,016
213,076,979
"
1,153
Cincinnati-
561,353,041
306,375,261
+ 12.6
434,348,443
clearings at leading cities for the
month of May and the five months
ended
in each of the four years is shown
below.
_
+ 21.6
282,548,833
363,080,154
318,069,823
112 cities
13,846,590
20,615,786
Baltimore
342,365,840
"
10
Francisco
Total
62,555,204
April
May
Fran..,
258,542,818
389,851,480
614,939,504
6
Atlanta
1947
Louis"
382,634,973
"
11th Dallas
6th
•
San
9.9
+ 13.5
7
Philadelphia
Pittsburgh-
+
753,788,928
10
City
Richmond
Bt.
488,870,142
"
Cleveland
—
537,484,376
313,802,931
4
5th
Philadelphia
579,703,383
606,852,015
855,873,754
416,368,523
4th
Boston
+
720,927,941
537,359,275
Sth Minneapolis
365,944,746
4,996,939,365
4.2
"
Louis
423,567,524
6,501,834,758
2.5
17
St.
t
5.5
4.5
5.4
7th
8th
1944
•
$
+
355,201,462
Chicago
1945
+
"
The volume of transactions in share
properties on the
for the five months of 1944
to 1947 is indicated in the
following:
.
No. Shares
San
+
643,928,403
10
Federal Reserve Districts
•
J New Y6rk Stock Exchange
Chicago
the
—
659,790,203
340,154,800
6th Atlanta
3d
_
489,148,329
7,726,344,681
776,853,020
819,124,111
or
Dec. %
"
'
York
Inc.
"
2d'
New
1946
6
—
$637,567,500
omitted)
19.6%, in
in
Districts.
7
37,100,800
Foreign govern't
I ■
of
and
CLEARINGS
$
Boston Reserve District of
Railroad & misc.
bonds
bank
BANK
516,059,445
8,075,228,733
u
16.5
appended.
-
-
y
OF
$
12 cities
-
5th Richmond
monthly detailed statement of transactions
Description—
Stock, number of
The
by Federal Reserve
,
1st
5.6
"■
results; for May and the five months of 1947 and 1946
follow:
-*
•
the Dallas Reserve District of
16.1%
Francisco Reserve District of
30.4%.
"
-
.
Our usual
improvement
We group
summary
Minneapolis
City Reserve
Reserve District of 12.6%.
In the Kansas
District the totals show an
1947
18.5
*vy
1st
increase
an
Federal Reserve Districts
12th San
$13,735,873,994 $11,594,230,220
Total all cities for week
Total
was
Week Ended June 7—
10th Kansas
2,116,554,155
All cities, one day
#
there
+ 54.5
184,986,137,
145,286,794
; 190,029,379
Other cities, five days
-
+21.5
182,400,000
•221,166,000
154,044,211
247,836,431
.
+
-
272,495,000
Pittsburgh
-
week
"
200,320,300
224,700,009
San Francisco
on
that
7.3%, the aggregate of clearings for the whole country
having amounted to $13,879,036,168, against $12,938,949,199 in the same week in 1946.
Outside of this city there
was
an
increase of 7.3%, the bank clearings at this
Cent
$7,423,840,895
.
_
Chicago
Philadelphia
(■
For
of
SUMMARY
New York
.
7.
47
the cities according to the Federal
Reserve Districts in
which they are. located and from
this it appears that in
the New York District
(including this city) the totals
show an improvement of
4.5%, in the Boston Reserve
District of 5.5% and in the
Philadelphia Reserve Dis¬
trict of 5.4%.
In the Cleveland Reserve District
the
totals record a gain of 2.5% and in the
Atlanta Reserve
District of 9.9%, but in the Richmond
Reserve District
the totals register a loss of
4.2%.
The Chicago Reserve
District has to its credit an increase
of .13.5%, the St.
Louis Reserve District of
21.6% and the
by
week.
present further below
Per
1946
next
the last day of the week in all cases has to be estimated.
In the elaborate detailed
statement,
and
(3207)
CLEARINGS
covered
today, in as much as the week
ends Saturday and the Saturday
figures are not avail¬
able at time of going to press.
Accordingly, in the above
CLEARINGS—RETURNS BY TELEGRAMS
1947
BANK
We cannot furnish them
center
Week Ended June 14—
OF
Complete and exact details for the week
the foregoing will appear in our issue of
we
corresponding week last
against $12,635,325,565 for the same week
day of 4.4%.
.5 K,
THE COMMERCIAL & FINANCIAL
CHRONICLE
Total
five
months
56,312,980,526
•
+ 17.2
f
We
now
Clearings at—>
add
detailed
our
statement
'
1947
Y
s!
f
•
;■
—
Rlver_*
t
\ Holyoke—I Lo Weill L<-L_L!1
New Bedford
—:
■'
+
$
■
Inc.
1947
or
Dec. %
—
+ '7.0
3,258,354
—12.3
8,058,263
•26,486,369
,
-
(14 cities).
12,689,500
100,798,800
5,061,603
2.115,302,627
18,846,017
2.5
+'8.3
+
1.7
.
*
.
8,798,574,088
34,704,894
+ 15.7
30,099,187
81,081,958
9,152,881,938
3.4
6,294,648
—
100,072,096
35,116,123
86,719,539
.
1.0
2,973,713
38,181,705
1
H.—Manchester
18,701,768
1,826,127,055
28,695,572
19,172,948
—
R. I.—Providence
Total
—
1946
years:
Week Ended June 7
1946
Inc.
30,575,757
18,502,844
14,514,402
: 37,054,567
143,390,102
101,522,894
15,629,869
$
'
'
$
+18.4
13,511,295
34,080,039
+' 7.4
89,109,348
+ 12.3
37,333,581
11,619,100
+
2.3
+
9.2
53,328,400
95,541,600
+
5.5
525,174,200
4,387,304
2,154,778,727
+ 15.4
—
1.8
or
1,816,216
+16.7
+
'
*
"
+
4.0
4,035,383
437,858,126
+13.5
•
7.0
1,649,289
..
-•
Dec. %
-
1,737,532
6,810,212
5,033,622
+15.8
22,319,931
+12.0
10,393,577'
25,455,548
10,916,376,377
10,350,122,400
t
6.5
■
!('.
3,442,322
317,248,759
+ 21.1
1,342,841
954,177
"+*3472
6727248
"498~324
'
7.
,
1.697,028
+
2.4
1.457,508
1,205,319.
+
11.7
4,965,755
4,290,281
4,592,731
+
8.9
3,724,079
2,681,107
—
2.9
16,268,363
13,308,101
+
6.2
6,121,300
5,700,242
~I~5.9
197382,800
22,985,523
"
'
;VY
9,784,367
I.
+13.5
22~433,000
237841,600
+20.0
1,254,636
1,290,928
5.5
516,059,445
489,148,329
+
+
3,314,436
364,400.492 *
6,096,528
„■
'
+10.5
6.1
895,747
~~55~7~396
+8.7
.
—
1,057,646
~
""747^921
+16.5
,
$
—i
1,361,407
+11.2
176,199,190
48,239,200
462,602,600
21,204,341
+ 13.7
'
411,035,274
423,883,665
,
-4,307,510-
-
1944!
$
4-*
"
91,337,817
197,254,256
*
1
123,103,394
490,756,670
1,598,037
-
1945
'
+ 14.4
2,607,029
New Haven
N.
6,736,611
6,041,607
•
7,852,896
Springfield
Worcester
1.763,872,073
3,768,821
—
Conn.—Hartford
II Waterbury—
1947
$
-
.
18,881,279-
j
■'
or
Dec. %
6,911,694..
Portland-.:
Fall
*—Jan. 1 to May 31
Inc.
V
Mass.—Boston
;
-Month of May1946
First Federal Reserve District—Boston—
;Me.—Bangor
i
showing the figures for each city for the month of
May and the week ended June 7 for four
—
+
2.8
860,056
15431,400
588,367
5.5
423,567,524
365,944,146
'
48
THE COMMERCIAL & FINANCIAL CHRONICLE
(3208)
-Month of May1946
1947
Clearings at—
1946
Week Ended June 7Inc. or
1947
1946
Dec. %
$
$
Inc. or
1945
Dec. %
$
1944
$
Federal Reserve District—New York—
Second
N.
1947
Inc. or
Dec. °Io
$
Monday, June 16, 1947]
-Jan. 1 to May 31-
498,600,815
4.1
91,091,351
12,750,998
-
Binghamton—
Buffalo
Elmira
87,498,421
+
10,878,807
+ 17.2
324,772,263
6,134,906
Y..-—Albany-
274,912,128
$4,825,923
6,729,642
+ 18.1
+ 27.1
30,570,382
2,004,053
12,239,571
299,595,374
+ 66.4
55,938,351
49,374,190
+ 13.3
2,575,580
2,083,427
1,617,468,432
1,318,489,274
+ 22.7
75,106,076
56,237,562
25,329,945
+ 20.7
1,461,581
1,523,402
+ 19.6
36,968,200
30,275,834
6.1
146,531,049,271
152,353,533,163
7.1
+ 22.1
1,901,003
1,511,871
3.8
7,864,707,483
7,535,526,649
—83.6
8,470,996
222,283,049
+ 23.6
1,408,435
1,191,367
+ 33.6
60,276,000
61,396,000
4.1
1,276,169
—
985,789
+ 25.7
1,090,104
1,426,929
4.4
6,331,108,520
4,818,747,855
12,828,433
Rochester
——
8,047,231
28,185,863,834
72,259,334
67,444,744
+
+ 12.0
17,211,085
15,203,330
+ 13.2
13,028,024
——
46,187,931
38,711,457
+ 19.3
362,161,413
231,111,840
323,470,254
Syracuse-
190,078,300
+ 21.6
10,118,870
8,562,553
+ 18.2
5,810,185
6,154,027
9,093,159
44,386,055
7,780,499
+ 16.9
44,477,243
36,989,804
+ 20.2
49,449,022
—10.2
226,031,804
201,623,847
+
12.1
11,394,326
10,433,289
10,439,250
9,706,036
2,836,516
161,070,790
199,330,576
3,132,275
154,699,039
—
13,834/755
813,981,019
13,771,794
+
0.5
205,515,489
—
6,105,543
6,035,158
29,169,930,487
30,933,615,420
Jamestown
-—
York
New
-»
Utlca
Conn.—Stamford
*
J.—Montclair
N.
Newark
1——
-
Northern N. J
-
Oranges
(14 cities)
Total
30,016,002,816
4,714,136
4,293,935
4,417,760
4,137,991
4,422,741
Harrisburg
20,648,097
Lancaster
13,613,314
4,070,676
5,270,121
22,059,889
10,484,914
Bethlehem
Chester
Lebanon
Norristown
+
+
9.2
+
1.5
682,669
672,587
703,438,281
+ 15.7
42,477,468
35,144,614
949,525,447
+
9.6
45,588,539
47,205,826
1.2
1,041,040,704
32,167,497
5.7
151,535,401,726
156,523,540,050
3.2
8,075,228,773
7,726,344,681
9.8
24,522,743
18,505,583
+ 32.5
1,016,230
1,097,448
7.4
693,320
0.1
19,237,519
17,791,260
+
663,843
1,870,450
—64.5
660,953
659,309
+ 11.7
21,923,899
16,760,487
+ 30.3
1,432,012
936,457
+ 52.9
956,196
839,649
2,803,783
2,~7~9~l"423
~+"0~4
2,782,092
M63~630
788,000,000
748,000,000
5.3
696,000,000
561,000,000
4.1
+
3.0
+
28,044,543
519,991
468,947
30,717,906
24,927,153
3.4
37,689,178
36,823,780
4.5
6,501,834,758
4,996,939,365
+ 20.9
—
.
+ 14.7
—
6.4
98,254,066
86,361,760
+
65,539,582
52,553,699
+ 24.7
+ 12.1
18,237,783
16,253,871
+ 23.2
25,182,233
19,266,679
+ 30.7
16,051,000,000
+10.9
+ -6.7
17,793,000,000
+ 18.8
59,089,930
17,580,212
+ 19.8
95,259,984
8,247,973
+ 22.9
9,527,907
+ 79.5
1,315,240
4,664,045
4,734,683
29,175,963
27,027,311
+
27,062,615
24,602,000
3,622,768,126
:—-—
Wilkes-Barre—
York
—
Bois
—
Hazleton
—
—
Del.—Wilmington
J.—Trenton
(16 Cities)
577,948
+ 12.2
4,277,650
—
+ 13.8
+ 29.8
—
17,105,125
...
Scranton
8.1
3,630,616
3,226,000,000
10,417,609
3,382,097,401
7.1
12,380,489^
Reading
Total
3,703,019
+
—
21,056,311
10,136,243
3,443,000,000^
Philadelphia
N.
9.4
—
Federal Reserve District—Philadelphia—
Third
Pa.—Altoona
Du
—
1,086,942
+
49,951,558
+ 18.3
2,493,245
2,603,756
82,083,065
+ 16.1
4,143,961
3,988,802
+
47,729,788
41,042,710
+ 16.3
2,563,135
85,345,337
4.2
1,793,761
1,658,524
3.9
2,511,752
2,638,754
1,801,229
+ 42.3
1,583,002
1,617,057
662,195
,
2,585,983
—74.4
1,844,038
1,405,912
7.2
5,577,327
''
—
45,357,977
+ 88.2
+ 21.0
6,640,454
5,475,678
+ 21.3
1.5
23,611,642
23,115,321
+
2.1
7.9
154,065,563
138,756.039
+
11.0
7,206,208
6,719,742
+
+ 10.0
136,121,912
121,798,000
+ 11.8
8,139,499
4,457,730
+ 82.6
7,125,500
7,442,600
18,673,762,435
16,786,073,687
11.2
819,124,111
776,853,020
5.4
720,927,941
579,703,383
—
+
+
+
Federal Reserve District—Cleveland-
Fourth
28,196,112
23,322,054
+ 20.9
131,218,300
663,883,504
551,265,211
+ 20.4
3,360,196,769
1,256,292,192
108,592,400
983,326,967
+ 27.4
5,879,294,924
6.8
537,630,800
Hamilton
7,807,519
4,335,160
+ 80.1
31,642,214
Lorain
4,129,915
3,065,026
+ 34.7
18,166,604
17,331,808
14,210,284
+ 22.0
85,084,690
Youngstown
26,455,746
22,179,360
+ 19.3
122,378,527
Newark
17,513,650
12,699,624
+ 37.9
81,841,996
101,606,904
2,790,737,682
4,741,727,195
446,973,100
21,847,940
13,380,196
66,554,764
100,214,598
61,129,696
56,793,606
49,856,383
+ 14.0
292,467,794
234,315,305
+ 24.8
2,560,973
1,977,920
+ 29.5
8,644,132
+ 28.3
+ 33.0
11,089,056
7,303,085
5,915,004
+ 23.5
Ohio—Canton
Cincinnati
Cleveland—
Columbus
—
Mansfield
■
.
:
Toledo
Pa.—Beaver County
101,665,400
1,637,527
1,231,085
1,158,862,373
19,169,956
20,555,612
1,007,780,270
13,220,599
Greensburg
,
Pittsburgh
.
Erie
Oil City
Ky.—Lexington
Va.—Wheeling—
+
6,544,224
5,546,939
+ 18.0
148 2Rfi 670
132.034.422
+ 12.3
113,923,227
92,459,091
+ 24.0
260,626,020
231,016,958
+ 12.8
208,806,746
+ 20.3
174,104,603
27,223,500
21,165,000
+ 28.6
17,867,800
16,685,100
4,888,079
3,797,859
+ 44.8
+ 35.8
+ 27.8
3,455,695
3,312,268
+
4.3
2,970,002
+ 22.1
2,076,199
5,034,544
4,696,823
+
7.2
3,677,993
4,308,862
208,639,550
246,155,693
—15.2
254,718,168
244,053,261
659,790,203
643,923,403
2.5
606,852,015
537,484,376
+ 33.9
15.0
5,522,207,773
5,102,266,602
16,587,296
+ 15.6
88,949,963
73,958,479
+ 20.3
18,201,205
+12.9
91,697,753
81,959,396
+ 11.9
11,489,945
+ 15.1
96,111,865
76,842,354
81,538,919
+ 17.9
+
16,173,568
14,216,549
+ 13.8
3,419,177,060
W.
+ 29.1
+ 20.4
2,840,409,739
+ 20.4
+
8.2
66,960,119
+ 14.8
16,434,124,467
13,999,730,031
+ 17.4
50,529,592
43,429,702
166,891,000
1,948,522,695
+ 16.3
f.
.
'
••
j
(17 cities)
Total
District—Richmond—
Reserve
Federal
Fifth
44,787,000
459,769,372
13,102,269
24,405,330
816,790,923
Va.—Norfolk
8.
—
—,—
C.—Charleston—;
Columbia
—+.—
Md.—Baltimore
—
(8 Cities)
2,341,183,999
9.4
66,482,950
7,416,000
5,836,000
4.3
77,678,304
65,775,818
+ 20.2
126,425,218
109,670,970
8.0
4,044,835,120
+
3,137,260
260,344,710
1,487,802,278
+
59,490,589
+ 11.8"
Augusta
-
340,154,800
355,201,462
278,499,435
1,058,988,975
3,781,400,000
68,088,928
+ 19.9
50,944,843
+ 28.2
+ 18.2
334,006,668
1,266,201,261
807,200,000
+10.5
4,414,200,000
14,153,405
+ 21.8
12,720,657
10,705,535
+ 41.8
83,130,632
78,788,580
+ 20.9
63.590,437
7.9
1,664,938,320
119,726,149
1,763,274,652
12,445,218
+ 13.3
49,641,934
+ 17.2
39,191,618
11,192,072
34,296,93®
201,700,000
168,500,000
+ 19.7
-140,600,000
133,200,000
,+22.1
3,289,742
3,398,407
3.2
2,378,794
2,219,043
60,638,855
50,220,498
+ 26.6
*37200*000
27848,202
1,489,936,307
+ 11.7
71,574,961
66,252,260
+ 27.4
+ 35.5
8.6
22,814,321
+ 29.5
6,862,129
+ 12.2
2,149,952,474
+ 10.6
10,872,293,346
Miss.—Hattiesburg—
-
—
—
4,956,162
Orleans
(16 cities)
Seventh Federal Reserve
6,573,504
1,530,915,929
15,782,423
Flint
40,018,119
Rapids
:
—
Wayne
Ga r y
,
IndianapolisHaute
Wis.—Madison
Oshkosh
71,704,000
+ 11.0
124,561,313
+ 24.3
+ 38.1
5.1
439,302
2,377,648,944
106,045,299
310,593
116,038,419
+ 11.0
12,635,315,549
+ 16.2
537,359,275
488,870,142
1,388,870
—
+
0.1
29,265,634
22,181,573
5,899,716,034
'
+ 41.4
292,128
292,431
8.6
80,381,274
101,846,824
9.9
382,634,973
389,851,480
1,182,686
+ 17.4
731,756
576,717
947*7,145
7450,240
"+2~4~.9
5~406T626
4,~8~0~1~73S
5~35~0~273
444^878
+ 29.0
4^4*89^974
5,~150~150
—
+
+ 23.9
34,416,600
60,363,065
157,373,181
24,493,547
91,482,814
39,609,442
24,820,437
77,669,255
147,978,498
+ 20.8
+ 20.5
8,303,107
+ 28.9
5,553,974
+ 11.0
16,463,541
+ 44.0
32,586,086
+ 26.8
170,428,899
17,045,633
+ 18.8
45,171,043
+ 18.0
+ 31.8
13,637,657
+ 10.7
186,517,559
+ 15.6
3,035,533
+ 22.9
+
14,305,499
11,695,881
+ 22.3
113,499,883
87,486,339
1+29.7
57,651,614
39,221,793
1,826,046
5,170,729
1,855,726
Rapids—
Moines
-
City
1
—
III.—Aurora
———
-
-
4,539,109
3,149,996,760
11,988,011
43,622,556
17,934,885
Bloomington
1.5
+ 47.0
—
1.6
Sterling
(31 Cities)
791,024,309
79,335,555
234,950,557
+ 21.3
+ 23.1
+ 30.4
+ 15.7
MToTO™
449*5*415
+ 20.4
3,221,814
3,0*8~2"882
4478277000
374*49~ 000
T20-.7
30^2~4~5~000
26,~661~000
3,678,637
+ 36.2
+ 30.3
+ 25.2
+ 34.5
5,389,045
4,671,637
+ 15.4
3,553,799
+ 12.0
13,186,808
11,168,128
+ 18.1
10,388,920
7,634,111
8~7+7,749
45/319,246
1~64
33,~2~1~1~817
30,~5~70~35S
3,127,254
2,780,405
+ 12.5
2,322,058
2,128,020
24,590,189
21,286,732
+ 15.5
15,959,842
13,537,610
11,074,126
+ 32.6
8,373,968
8,856,970
67,119,566
940,120,677
15,049,476
+ 18.2
33,619,833
6,424,736
29,983,924
+ 12.1
15,530,798
76,038,361
577,445,599
279,580,893
13,006,164
+ 19.4
59,038,061
+ 28.8
+ 29.9
+ 38.1
14,680,554
8,715,855
24,464,915
5,215,704
444,637,802\
202,488,925
7,544,042
19,896,671
17,898,731
+
21.1
3
+ 20.3
+ 23.2
+ 15.5
+ 23.4
3,516,414
+ 29.1
22,650,246
2,634,775,066
+ 19.6
14,679,658,326
+ 26.6
1,418,888
922,922
+ 53.7
60.475.614
+ 16.1
503.34S
+ 36.3
12,643,621,305
692.819
8,793,858
667,444,880
585,270,048
+ 14.0
34,511,623
+ 26.4
209,705,473
+ 30.9
3,197,785
1,948,644
1+64.1
+ 26.3
481,069,398
1,727,609
444,938,768
1,579,717
96,314,930
66,651,975
46,189,619
166,025,235
69,043,720
50,980,697
9,841,806
8,017,471
+ 22.8
+ 39.5
7,579,882
5,716,258
4,416,758
3,342,096
+ 32.2
3,230,189
3,711,672
2,103,510
7,417,799
+ 30.7
+ 39.4
6,268,437
2,663,554
+ 18.3
2,734,033
1,833,214
26,655,176,949
22,455,127,023
+ 18.7
855,873,754
753,788,928
+ 13.5
614,939,504
561,353,041
+ 16.4
254,000,000
200,700,000
r+ 26.6
192,800,000
179,700,000*
73,943,865
36,790,151
15,203,976
+ 18.0
10,922,610
+ 26.6
1,284,081
+ 24.2
5;667,279,382
Springfield
190,900,783
30.139.613
119,338,292
47,857,497
28,711,272
105,796,290
192,812,716
989,987,551
106,733,269
263,035,686
81,258,398
1,111,596,705
18,101,534
4,190,374
13,822,589
1,595,150
Rockford
4,671,917,664
+21,3
+ 23.0
District—St. Louis—
971,177,139
Louis
9,672,342
1,273,188
419,683,574
308,288,696
Girardeau
Independence
Cape
:
Tenn.—Memphis—
905,962,757
+
7.2
7,718,062
+ 25.3
5,071,189,932
46,418,360
4,357,172,895
1,152,289
+ 10.5
37,664,178
+ 23.2
6,561,044
359,828,467
+ 16.6
5,614,402
+ 16.9
2,249,814,309
1,708,803.859
1,851,509,313
1,309,483,727
252,559,409
+ 22.1
(7 cities)
1,210,211
999,574
+ 21.1
6,117,668
7,647,732
—
Quincy
Total
;
+ 20.3
74,795,253
+ 16.3
+ 20.9
III.—Jacksonville
!
+ 31.9
7,100,151,103
8.8
+
+ 13.3
Ky.—Louisville
+ 18.1
+ 24.2
1,119,193
Mo.—St.
22,885,473
+ 41.4
6,118,617
Eighth Federal Reserve
132,967,725
67,677,544
4,647,580
3,098,384
Total
'
1,232,863,663
14,512,467
1,353,378
.
4,250,374
79,567,000
3,146,130
Peoria_.
47,*1237332
4,655,430
154,859,293
27,035,554
7,702,790
+ 45.7
6,934,328
Sheboygan
Decatur
5571*5*17816
+ 19.3
6,317,772
+ 33.6
Manitowoc——
Chicago
"+*1*3.0
5,294,714
727485,028
+ 24.5
Watertown
Ames
647l40,395
+ 21.8
5,089,002
215,522,414
3,732,020
Milwaukee
Des
53,738,777
50,645,546
+
17,855,385
22,470,441
53,288,126
15,102,434
South. Bend
Sioux
l769l7641
45,624,256
+
+ 15.7
6,131,840
City
Iowa—Cedar
27o*5*47o75>
8.0
103,460,959
1,447,649,594
106,798,860
+ 11.6
26,020,018
10,700,258
6,164,663
23,706,930
41,308,545
202,455,051
,
Lansing
Terre
2,259,853,360
1,250,202
"+*1*2.4
District—Chicago—
Arbor
Detroit
Bay
437,321,225
2,509,288,083
:
4,958,440
1,726,995
459,550,074
Meridian
—
12,305,582
+ 29.9
10,319,136
14,488,000
—,
2.1
14,105,527
58,201,644
+ 16.7
22,743,477
Ind.—Ft.
—
+ 19.6
13,983,214
15,730,000
29,553,597
Muskegon
258,542,818
+ 12.6
28,979,218
Jackson
387664^205
313,802,931
65,382,059
7,283,994,992
Mobile
Grand
54r3~0~6"373
4.2
65,237,750
8,202,680,056
Montgomery—.
Mich.—Ann
"—~0~.2
8.9
+ 10.5
+ 23.6
—
-«
Total
2,253,294
144,_6~34~77S
+
23,003,933
311,620,929
—
Tampa
La.—New
2,585,176
170,190,209
1,236,055,268
22,509,851
347,921,136
Fla.—Jacksonville
—
+ 16.7
—11.7
18,770,667
+
Vicksburg
2,715,436
182,619,439
1,345,958,510
9.2
299,230,511
Jackson
1,378,727
3,169,216
4.0
216,378,746
18,041,358
12,940,985
322,868,307
:
Macon—.:
Ala.—Birmingham
1,626,869
161,184,809
+ 18.3
+
+
+ 15.3
3,704,746,580
15,188,188
65,287,280
255,699,244
892,300,000
——
—
Columbus
+ 22.1
94,010,668
District—Atlanta—
—-——
Nashville
Ga.—Atlanta
+ 10.2
7,961,000
98,072,767
11,977,419
17,240,662
Tenn.—Knoxville
2,512,860
9,720,000
+ 20.1
20,312,905
756,338,632
2,770,258
+ 24.9
+
1,644,092,416
-
Reserve
Federal
Sixth
208,494,000
+ 17.8
3,710,353
C.—Washington
Total
*
+ 10.4
+ 25.6
270,678,222
Frederick
D.
9,824,226
35,654,000
390,213,126
10,848,947
W. Va.—Huntington
Richmond
+
5,573,302
+ 37.2
36,435,800
4,888,535
26,436,526
1,718,952,882
1,533,793,860
9,125,340,972
7,592,769,576
+ 12.1
+ 21.5
94,170,442
85,726,000
+
9.8
30.5
73,121,858
66,228,906
54,486,797
+ 21.6
39,100,481
+ 37.8
1,969475
14~5*3~043
~+3~5~5
l73~5~2~922
TToTooo
+20.2
416,368,523
342,365,840
+ 21.6
306,375,261
291,741,016
+
+ 25.1
[Volume
165T Number 4603
THE COMMERCIAL & FINANCIAL CHRONICLE
Clearings at—
Ninth
>
1947
Federal
Reserve
Winona
Inc. or
1946
116,838,590
102,725,715
+ 13.7
6,345,884
7,113,788
—10.8
4,608,454,883
219,565,616
191,599,272
+ 14.6
20,776,396
3,845,121,835
18,140,754
+ 19.9
0.6
7.433,657
147,010,005
+ 17.7
1,544,117,092
17,751,669
+ 26.3
73,_31~6~617
67,9987332
"Hi
46,5397523
1618,376
M99,837
"+24.9
3722*^591
3,411,852
5709*4,270
2772*17479
TiY.7
M~70~379
77383,809
+
812,757
7.5
4,273,791
15,402,996
+ 42.3
116,214,480
86,649,918
+ 34.1
2,863,000
+ 22.9
17,259,000
14,917,000
+ 15.7
2,832,856
+ 26.9
18,140,012
13,642^693
9,867,020
+ 29.1
64,730,341
45,352,089
+ 42.7
~
16,683,680
1,909,703
+ 27.4
113,404,946
86,412,291
+ 31.2
+ 13.9
12,494,549
9,943,857
+ 27.2
58,208,239
46,446,735
+ 25.3
Helena
~
Lewistown
(16 cities).
Federal Reserve
District—Kansas
Kans.—Manhattan
Parsons
;;;;;;
+ 21.9
27745,583
27416,264
~+ fif.6
175797748
17279,402
773837477
i7l99^861
Till
5,Tf37076
4,2887937
318,069,823
282,548,833
+ 12.G
213,076,979
187,212,044
+ 46.1
49,471,542
36,640,154
+ 35.0
+ 23.4
166,850,336
131,270,619
+ 27.1
+ 23.0
5,288,533
3,915,257
+ 35.1
1,117,231,657
+ 23.6
6,934,274,399
5,681,787,623
+ 22.0
5,859,090
+ 45.8
372,747
278,679
+ 33.8
580,868
444,620
+ 30.6
105,455,010
1,848,507,403
311,911
374,576
+ 31.4
5,420,934
4,999,762
+
8.4
4,251,851
+ 27.0
4,181,053
114,954,633
89,702,942
+
28.1
72,721,307
68,887,493
3,150,159
1,167,739
+ 49.3
8,542,629
20,775,920
+ 40.6
138~61~1~278
361,043,785
+ 30.8
234,362
183,527
1,691,804
+ 43.2
2,347,393,499
11,166,207
8,151,820
+ 37.0
1,034,972
+ 21.1
6,141,739
5,157,005
+ 19.1
20,653,289
—30.5
118,388,731
92,885,000
+ 27.5
4,560,989
4,616,648
1.2
2,767,795
9,957,227
8,349,145
+ 19.3
7,403,129
6,439,061
287,534,315
2457o~6~37o40
Hi
207,9147850
7,746,599
178.6717789
6,977,882
+ 11.0
6,384,575
6,270,891
1,135,839
33,990,007
+ 16.9
210,277,499
170,546,373
+ 23.3
4.1
30,397,471
27,257,544
+ 11.5
+ 22.5
£,990,423,083
212,249,874
4,858,567,154
152,432,990
+ 23.3
+-52.8
—
.
5,675,270
41,820,864
Joseph-—
Carthage
Okla.—Tulsa
^
Pueblo
Ill(15 cities)
1,041,197
+ 11.7
7,349,653
6,143,445
+ 19.6
67,357,609
7,061,141
328,046,856
+ 44.2
442,507,884
339,584,390
+ 30.3
4.4
36,117,483
+ 17.2
34,563,353
1,627,323,578
,*660,661
1,928,634,431
1,224,573
+ 35.6
1,199,062
6,439,300
IIII
Colo.—Colorado Springs-
972,292,707
27,377,314
1,162,970
97,127,288
7,373,131
384,459,045
St.
5,449,594
1,191,348,091
Kansas City
Denver
+ 23.2
894,081
1,253,735
14,351,216
39,733,321
~
Mo.—jopi i n
%960,146
1,742,957
11
Topeka__—
Wichita—
+
29,213,909
472,327,127
2,422,794
I
Omaha
+ 13.8
City
•
—:
Lincoln
,nU,o43
427862*214.
27,161,742
1,380,849,379
Neb.—Fremont
Hastings
I
+ 25.7
9,201,052
6,545,487
12
+ 33.0
2,903,478
2,174,357
11,703,073
10,169,118
33,504,810
1,099,855
II
x
+ 14.5
3,594,711
12,735,418
21,250,095^
Great Falls
1944
4.1
+
3y520,000
Mont.—Billings--—~
1945
Dec.
+ 25.8
873,670
Sioux Falls
Huron
Inc.or
Dec. %
1,222,700,294
14,403,743
3,504,669
I—II
Minot—
B. D.—Aberdeen
Total
or
21,922,409
Fergus Falls
D.—Fargo
Tenth
269,164,081
24,058,354
3,405,523
Grand Forks
Total
4,398,473
316,900,893
„IIH~
Paul
722,118,238
4,423,898
Rochester
N.
Inc.
49
■Week Ended June 7'
Dec. %
25,035,654
908,535,895
Minneapolis
'(3209)
-Jan. 1 to May 31-
District—Minneapolis-
Minn.— Duluth
St.
-Month of May1946
6,444,977
0.1
32,753,480
29,347,600
+ 11.6
1,559,470
1,4*22,863
+
9.6
l.oiTioi
~88L460
11,520,954,941
9,311,781,755
+ 23.7
434,348,443
363,080,154
+ 19.6
304,266,648
270,181,828
2,296,451,018
+
+
—
1,855,428,911
+ 23.8
+ 39.2
4.5
+
1
+ 18.5
Eleventh Federal
Reserve District—Dallas
Texas—Austin
El
29,457,111
10,914,999
818,433,615
71,124,103
96,873,008
20,784,000
710,373,330
~
Beaumont
Dallas
Ft.
Worth—HI
I~"
—HI
Galveston—
Houston-
~
Port Arthur
Wichita
Falls—II
Texarkana
IIII
La.—Shreveport
Total
(li
Twelfth
cities)
Yakima
Reserve District—San
Salt Lake
City
Ariz.—Phoenix
Calif.—Bakersfield
Berkeley
Long Beach
Modesto
+ 17.2
368 ,975,450
299,862,553
82,060,826
+ 18.1
457 ,680,519
17,186,000
368,318,623
+ 20.9
99 ,131,000
570,611,206
+ 24.5
3,367 ,686,188
+ 21.9
4,135,222
87,228,000
2,763,300,625
+ 39.2
26,,009,054
21,563,792
+ 20.6
9,423,845
+
3,724,014
2,954,310
11970697000
1207384,000
+ 24.3
267320,480
2l73To7376
"+23~5
+ 13.6
16,973^350
177023,264
5,449,000
4,091,000
+ 33.2
2,904,000
3,290,000
1,"4667156
+ 23.0
+ 17.7
19 ,381,608
47,303,523
16,426,696
3,291,524
2,1687428
"-Ho
1.93M02
168 101,643
144,536,450
+ 16.3
77803,422
7,0947493
~Iio7o
5,~8967l43
6,1607730
8,796,813,348
7,270,720,489
+ 21.0
225,621,781
194,366,103
+ 16.1
150,497,109
151,278,400
+ 13.2
91,958,230
84,704,612
+
8.6
8.7
93,523,323
77,202,582
3,590,176
3,339,834
+
7.5
2,619,629
1,981,578
98,868,133
72,618,778
+ 30.6
68,984,370
63,649,682
43,850,942
34790l7 456
"+"2576
30,4~367206
257338,907
1,494,631,460
+ 21.3
5,314,128
—
0.7
+ 11.6
37u,30y,b36
26,051,222
2,085,589,982
8.0
76,814,850
13,673,491
+
12,808,438
+ 21.5
6,658,000
+ 35.8
338,727,423
+ 23.3
6,661,932
+ 33.5
151,501,158
46,252,919
+ 25.6
1,426,013,970
35,889,357
14,386,345
+ 11.4
27,586,771
+ 19.5
158,937,137
(19 cities)
2,843,770,001
York
5.0
75,504,972
+
7.6
+
1.9
160,817,752
48,251,883
+
4.0
7,794,311,979
+ 12.8
2,581,420,049
56,312,980,526
+13.7
.
+ 26.1
+ 25.0
+ 84.5
+ 33.5
188,370,982
60,000,003
+ 14.6
211,836,834
77,093,246
67,536,139
14,567,031,031
+ 11.1
295,997,252,250
+ 14.1
26,296,977,710
tDoes not include figures
after May 27 because of flood
conditions.
149,466,202,979
"IlT.3
lT81~5,994
87447,983
6T367~991
"Ho
575877167
4,1567967
2927772,635
"+39.8
267775^,000
25274937 000
9.5
4097176,214
+ 19.9
11,493,802
7,363,781
+ 56.1
5,881,911
3,681,008
3,136,070
+ 17.4
1,957,842
6,395,032
2,046,688
6,493,111
1.5
6,036,282
4,725,869
+
+ 19.4
+ 14.1
681,037,277
13,879,036,168
128,537,123,284
12,938,949,199
6,014,328,685
5,403,422,550
+ 16.3
Foreign Exchange Rates
couniries
EXCHANGE
RATES
CERTIFIED
BY
JUNE
.
Country and Monetary Unit
FEDERAL
6,
1947
Noon
TO
peso—
JUNE
Buying
$
Official
BANK
12,
1947,
In
%
.297733*
3.208953
ACT
OF
We
We
$
June 10
June 11
$
$
.297733*
.297733*
.251247*
June 12
$
.297733*
.251247*
.251247*
3.209853
3.208953
3.208953
3.208953
.022835
.022833
.054406
.054406
.054406
4.027343
.920000
.914921
.377497
.020060
.020060
.020060
.208658
.208658
.208658
4.027343
4.027343
4.027343
4.027265
.008408
.008408
.008408
.301029
.301642
.301629
.205753
.205753.
.377531
.205751
.569800*
.205751
peso4l-
.569800*
.301642
.301629
.569800*
.008408
Closed
.008408
Netherlands, guilder
.919765
.208658.
.208658
France (Metropolitan) franc
1.000000
.020060
.020060
JEndiaf (British), rupee
1.000000
.569800*
Denmark, krone;
1.000000
.918593
.569800*
Czechoslovakia, koruna-
Company
a
list of corporate
called for
stocks
common
bonds, notes*
redemption,
number gives the location in
given in the "Chronicle."
page
were
Gulf
Power
National
Co.,
Union
20-year
Pullman,
OF
TENDER
and Issue—
General
Date
Corp.,
1st
mtge.
3
Vis,
Page
Jun
1971
due
1954—
30
2129
Iljun
due
16
3052
Corp.—
trust
capital
stock
common
Mortgage
collateral
Inc.,
bonds,
July
stock
1
3055
16
jUn
2803
PARTIAL REDEMPTION
Company and Issue—
Date
Bemberg Corp., 4Vi% preferred stock
July 1
Antilla Sugar
Estates, 6% inc. debentures, due 1951—July 1
.377541
.377531
.377497
1.000000
1.000000
1.000000
Black Hawk
1st
Page
and
ref. mortgage 3 Vis, due
Chicago & Western Indiana RR.—
.205751
Official—_
1.000000
.912500
New Zealand, pound
1st
3.221833
Norway, krone-
IHI
Switzerland; franc
.091324
4.007500
3.221833
3.221833
.201596
.201596
Connecticut
1st
.201596
.040302
.040302
.040283
.091324
Closed
.091324
.091324
.091324
.278264
.278264
.278264
.278264
.233628
.233628
.233628
4.007500
4.007500
4.007500
4.007500
peso-
.658300*
.562620*
.658300*
.658300*
.658300*
.562620*
.562620*
.562620*
.658300*
.562620*
1
*
30
2923
Aug
series D,
due
1
3048
1962—Sep
1
3049
Jun
30
3049
bonds,
series
E,
due
1969
Aug
1
2924
2%%
bonds,
series
G,
due
1974
Aug
1
2924
series B, due 1967—July
1
3049
Power
Co.—
and
convertible
debentures,
due
1960
July
1
3059
bonds, due 1965_JuIy
1
2925
3Vis, due- 1961——
_•
July 1
Co., 4Vi% preferred stock
_Aug
1
Fairmount Park Transportation Co.—
1st mortgage
5s, due 1957
July 1
Forman Realty Corp.,
15-year 47c debentures
-July 10
Inter City Baking Co., Ltd., 1st mtge. 5
Vis, series A„_July 1
Investors Telephone Co.,
1st lien collat. trust 3s
July 1
2925
Gas
&
Fuel
1st mortgage
Eastern New
1st
Associates—
and collat. trust 3Vi&
York
Power
Corp.—
mortgage
Products
2797
2925
.
Kansas
Kline
Lake
Controlled.
Noncontrolled—
1985
bonds,
general mortgage 3Vis,
Continental-Diamond Fibre Co.—-
Ekco
.233628
.278264
.233628
c.
.912500
3.221833
.040260
.040264
.917500
3.221833
.201596
Closed
.201596
Portugal, escudo
.917500
4y4%
July
Jun
3%%
mortgage
mortgage
Eastern
.916250
mtge.
£
stock
Chilean Nitrate & Iodine- Sales
Corp.—
5%
Sterling income debentures.,
Cincinnati Union Terminal Co.—
4%
1.000000
Free-
ref.
2466
2922
Co.—
and
1st
'
Consolidated Mines
1st mortgage
8s
(extended)
Bridgeport Brass Co., 5 Va% preferred
Chicago, Burlington & Quincy RR.—
1st
Newfoundland,: dollar-
Uruguay,
and
.022835
jl.000000
.915000
peso
Union of South Africa, pound
preferred
American
Free
Cpain, peseta-.
Sweden, kronac
4,216,137,963
Notices
American
1.000000
Mexico,
4,702,262,847
Below will be found
which the details
Official
England, pound sterling
9,034,885.818
+ 11.3
ing tenders, and the
York
Canada, dollar—
Colombia,
444,653,261
11,033,371,367
including those called under sinking fund provisions.
The date indicates the redemption or last date for
mak¬
1930
.054406
.054406
.494,595,724
7.3
dailv
.022832
.022826
Brazil, cruzeiro
TARIFF
+ 30.4
+
NOTICES
June 9
.251247*
Closed
UNDER
Transfers in New
States Money
.297733*
.251247*
Australia, pound-
TREASURY
4,609,005
Redemption Calls and Sinking Fund
INCLUSIVE
United
June 7
Free
Belgian, franc
TO
Rate for Cable
Value
June 6
Argentina,
RESERVE
—
522,453,304
5.4
+
Pursuant to the requirements of
Section 522 of the Tariff Act of
1930, the Federal Reserve Bank certifies
o t e Secretary of the
Treasury the buying rate for cable transfers in the
different countries of the world
give below a record for the week
just passed:
01 the world.
FOREIGN
1
+ 14.2
280,890,656,447
30,015,397,516
107755~,036
+ 10.8
12,762,715,475
3.4
9,212,430
Mll'ilO
+ 25.8
133,102,545
+ 10.2
+
2.5
+
144,711,199
43,531,602
7,114,944,984
176,741,096
9,510,025
58,201,261,350
(184 cities)
—
+ 23.9
39,494,583
122,419,746
111,342,161
193,146,849
16,029,819
40,557,288
13,120,790
29,353,363
+ 46.1
737,977,933
231,181,434
66,334,879
83,380,627
289,075,161
+ 54.2
+ 25.4
1,649,291,102
■
+ 14.2
+
26,594,000
2,043,613,442
44,889,510
930,651,591
9.4
+
70,691,371
62,040,747
77,827,714
+ 25.0
15,250,783
17.844,232
23,818,778
1,842,971,471
38,855,000
40,497,097
—
9.9
+ 18.0
Francisco—
32,965,491
♦Estimated.
+ 53.5
"+T3~.4
+ 15.1
38,540,966
15,029,754
31,576,345
9,694,624
1,483,702,676
I
Stockton
Outside New
51, 991,692
4,720,806
1547781^000
3,193,087
20,384,699
II
II
—IIII
San Francisco
II
San Jose
I
Santa Barbara
I
Grand Total
+ 39.9
7,246,355
175751M00
28,435,273
8,093,653
Riverside
Total
60,695,173
57,626,136
23,512,196
—
~
™
;
+ 20.5
190,313,574
H
IIII
I"
;
Pasadena
+ 33.2
417,774,875
IIII
Utah—Ogden
45,875,824
3,354,352,915
+
14,761,194
15,560,397
9,041,000
II
Portland-.
+ 10.9
61 ,127,788
4,041 ,480,567
5,274,619
413,190,806
III"
Ore.—Eugene
121,951,488
+ 20.3
1,813,399,889
.—
fda.—Boise
135 ,247,839
+ 15.9
3,757,650
Wash.—Bellingham
Seattle
1.5
9,413,286
32,736,675
I
Federal
29,020,353
13,187,179
"
680,457,189
5,758,219
_I
Paso
Power
Brothers
Superior
&
Light
Co., 5%
District
*
2671
*
Co.,
1st mtge. 3Vis, due 1969—July 1
sinking fund notes, due 1954—Jun 15
Power
3Q53
>
2886
Co.—
1st mortgage 3s, series A, due 1975
Maple Leaf Milling Co., Ltd., 1st mtge. 33/is, due
Metropolitan Ice Co., 1st mtge. 7s, due 1954—
Mount Vernon Mortgage
Corp., preferred stock
National Union Mortgage Corp.—-•
20-year coll. trust bonds, due 1954
July
1
3053
1963_July
1
3054
July
1
2872
Jun
July
22
1870
1
3054
50
Date
Page
000'in the Cleveland
.July 1
bonds of 1955
—
1
Oak Mfg. Co., 5% convertible debentures, due 1955— .Aug
1
Paducah & Illinois RR., 1st mtge. 4 As, due 1955i—~*, .Juiy
Philadelphia Co., 4'A% collat. trust bonds, due 1961- .July 1
Phillips Petroleum Co., 23A% debentures, due 1964— July 15
July- 1
Pittston Co., collat. trust 4s, due 1961—
3056
porting member banks.
Company
and Issue—
New London Northern RR.—
1st
mortgage
Public
Service
extended
4%
of
Co.
2930
.July 1
July 1
Servel, Inc., $4.50 preferred stock
i
Standard Oil Co. (Ohio), 33A% preferred stock-w—. July 15
1
Tide Water Associated Oil Co., $3.75 preferred stock- July
and
2803
United
Merchants
preferred
-----
Service
PUblic
3 'A %
mortgage
1st
member banks follows:
2804
July
July
1
l',
31Q0
July
1
2932
ENTIRE
CALLED
ISSUE
chasing
Page
Date
and Issue—
Company
bonds, dated 1910
July 1
5 % preferred stock__Jun 20
mortgage 5s, due 1950
Aug' 1
Algoma Steel Corp.,, Ltd.-—
5% convertible preference stock
July 1
American European Securities Co.—
$4.50 preferred stock, series B
—*
Jun 30
A. P. W. Paper Co.,. Inc., 6% convertible notes
—July 1
Abell
S.)
(A.
Abitibi
&
*
U.
1717
Service
debenture
Co.,
5s,
due
1722
U.
112142
2796
1st
——July
East
Coast
lien
1st
'•Fort
Pitt
Public
collat.
Service
4s.
due
6s,
2797
1948-July
July
American
812
American
332
—
9
_
—
'+•
15
+
3,525
+
10,134
170
619
adjusted
Government denosits
3050
2926
386
+
4
+
+
77
+
and
U.
56
4'A%
gold bonds, series E, due 1977
Building—
leasehold income bonds, due 1948
International Telephone & Telegraph Corp.—
4 'A % debenture bonds, due 1952
1st
income bonds—
4>A% preferred stock)
Lebanon Valley Gas Co.— »
1st mtge.
5% bonds—
Maritime Telegraph & Telephone Co., Ltd.—
1st mortgage an& ref, bonds, series* C
Tea
Co.,
Inc.,
Montreal Light,
3'A%
t
l"
,.
due
due
series,
.3Vi.%
series,
July
1961.
1,
series, due Jan. 1, 1963—
3'A %
series,
6%
Power
debenture
2928
———July 1
July 1
.——July: 1
July 1
Roosevelt
—
1973—
2928
2928
Sep
due 2022—
mortgage
due
5s.
2004
Anytime
1948
2928
Co.,, inc.
2
gold
ctf.
reserves-
+
45,002
and
Discounts
2004
Utilities
174,790
i
+
loans
14,379,368
Certificates
+ 101,000
*
—
Penn
21,578,324
securities—
■
July
Salter
Properties, secured 4% bonds
Corp. of Nevada, preferred stock
B.), Mfg.-, Co,,. 1st & collat. 4'As
(H.
Sisters
of
Charity
(Nova
Scotia),
1
3057
Jun
Mercantile
Producers
15
2318
1st mtge.
3059
Slpss-Sheffield Steel &■ Iron Co., preferred stock——Jun 30
Sonoco
Products
Southern
Co.,
California
debentures——
serial
Edison
.——.July
1
•,
;
preferred stock, series Bl
5 'A %
preferred stock, series C—
Union
& Light Co.—
debenture bonds,
Pacific
—
y3059
Jun 23
—
—
3059
Jun 23
—
3059
July
2022.
'
RR.-—
in
this
issue,
fin Vol.
161.
$2490
1
Any time
liVol.
2460
following principal
United
States
in United
of
Decreases
of
Government
States
changes
for
the
week
$636,000,000 in holdings of
obligations and $720,000,000
Government deposits, and an increase
Federal
creased in
all
industrial,
agricultural
and
member
banks
was
$44,000,000.
to brokers and dealers for purchasing or
States
loans
de-'
nearly all districts and the total decrease at
reporting
Government
bank—reserve
acct.
Treasurer—gen.
+
securities
other securities increased in
16,027,782
+ 107,173
+
495,300
—157,703
118,546
364,805
S.
$74,000,000 in New York City; the increase
reporting member banks
was
at all
$175,000,000.
Holdings of Treasury certificates of indebtedness de¬
$178,000,000 in New York
Chicago District,
member
City, $87,000,000 in
and $328,000,000
at all reporting
banks, reflecting the partial redemption of a
maturing series.
Holdings of
Treasury bills decreased
191,499
Surplus
439,823
(Section
7)
Surplus (Section
Other
San
and
Francisco
District, $50,000,000 in New York City,
$332,000,000 at all reporting member banks.
Demand
Boston
.
Ratio
of
serves,
certificate
gold
to deposit
note liabilities
55c
16c
J12lAc
(quar.)
(quar.)
(quar.)
A
—-—
—
—
—
I2yzc
——
liability
on
purchased for foreign
respondents
Commitments
to
make
9,324
91,180
preferred
Chicago
Molded
bills
cor¬
(quar.)—^
Products
6-25
6-30
7-
7-
7-
1
6-20
6-30
6-20
6-30
6-20
7-
6-20
1
6-10
10-
1
9-10
6-30
6-23
6-14
5-31
7-15
6-30
7-15
6-30
6-16
6-30
6-16
7-
1
6-13
7-
1
6-18
7-
1
6-20
6-30
6-23
7-15
6-20
7-15
6-20;
6-30
6-17
7-1
0-16
1
6-16
7-
50
6-30
1
6-20
7-
200
Abbot
Worsted
Co.,
Graniteville,. Mass.
Hotel
Kimball
Co.,
($100 par)
common
Athenaeum
1
Boston
2
Home
National
Bank,
Worsted
Co.,
_
($300 par)——
Milford ($100
——1—
par)
50
Abbot
Boston
Real
Estate
Trust
($100
67
Boston
Real
Estate
Trust
($100
par)..
62
Tremont
par)
par)—.
Graniteville,
Mass.
Trust ($100 par)
1'A Columbian National Life Insurance Co.
4
Norwich
Dwelling
—
Building
&
:
RR., preferred ($100
Associates ($100 par)
House
University Associates
10
Regent Co.
($100
—
par)
—
par)
29'A
-
Pan-Canadian Gold Mines, Ltd.
Co., common A
—
($100 par)
Worcester
10
4,500
($100
112
5
350
100
109
35'A
35'%
19'A
260
135 'A
31'A
06
($1 par); 50 First
BONDS
$2,000
V^altham
Watch, conv. inc. deb. 5s,
Quarterly
Grocers, common (quar.)
preferred (quar.)..
:
Continental Bank & Trust Co. (N. Y.)—
Quarterly ...
Continental Foundry & Machine Co., com..
5%
preferred (quar.)—
Cooper (Peter), 6'A% preferred (quar.)
Coronet
Phosphate " Co.——__—
——
Cream
of Wheat Corp
...——.—....
Crystal Tissue Co. (quar,).————_
Cuban Atlantic Sugar, common (quar.)
Consolidated
'
,
5%
6-21
6-10
8-
1
6-23
8-
1
Cuban
Dan
1975—
—$68 flat
preferred
5%
Tobacco
'6-20
1
7-10
7-
1
7-
River
4'A %
Mills,
preferred
5%
common
(quar.)
6-18
1
;
6-14
'
6-13
6-30
6-30
6-10
7-
1
6-10
7-
1
6-10
9-
1
8-11
6-30
6-16
6-30
6-13
7-
3
6-23
8-
1
7-15
6-20
6-30
7-
1
6-17
7-
1
6-17
6
6-20
6-
6-20
6-16
7-
1
6-14
7-
1
6-11
7-
1
6-30
:
7-
1
6-23
»
7-
75c
1
6-13 rf
,7-
7-15
7-
1 y
6-15
1
1
'
pi
$1.37'A'
:i-
l
,7- i
7-
25c
>29
6-11*
tv
,'6-11
5-31
"
;
6-13
1
.
,
f
t
0-23 "
6-28
25c
'
(,6-ii
i.
7-
.
?
6-23
6-28
,
i.
v
7-1
l
:7-
-!
6-13 1
6-23 \
7-1
6-20
••
1
6-16
.*
6-30
6-18
1
6-21
.7-
7-
>
pfd.
(accum.)—
:—
6-30
6-20
50c
75c
7-
6-20 '
$1.25
(quar.)
Co.,
1
1
$3
15c
$1.50
40c
7-
78-
31'Ac
10c
20c
12'Ac
$1.25
$1.62'A
7-15
6-10
50c
15c
$1.25
'
6-21
$5
—
Extra
Credit
$55 lot
($10 par)
Conestoga Transportation
(s-a).,
——.
Connecticut Fire Insurance Co. (Hartford)'—
6-10
1
8-1
$1.75-
$7 preferred
$ per share
STOCKS
.
7-15
7-
$1.50
preferred' (quar.).
(quar.).
$6
day, June 4.
Shares
6-30
7-21
30c
Commonwealth. Water,-5'/a% pfd* (quar.)-_
Commonwealth Water & Light Co.—
Wednes¬
6-20
6-30
G-30
$1.75
——
——
;
7-15
$1.37'A;
Corporation
6-14
2
7-
56'Ac
- -
1
7-
Works, 7% preferred- (quar.) ..
$1.75
(Cine.) —
$2.50 class A (quar.)..
——62'Ac
Commonwealth
Life Insurance
(Louisville,
Ky.)
(quar.) ——
" 15c-
Co., Boston, on
6-19
6-20
1
Clinton Water
Transacted by R. L. Day &
1
7-
1
7-
Coca-Cola Bottling Corp.
Auction Sales
6-20
1
7-21
85C
25c
62'Ac
$1.50
Tobacco
(quar.)..-Investing Co., 5'A% pfd. (quar.)_____
Cliffs
,
6-10
7-15
$1.50-
City
1,478
1,348
+
6,876
6-16
6-20
87 Vic
Citizens
indus¬
trial loans
1
1
10c
—
—
Quarterly —
A
Wholesale Supply, 6% pfd.
6,072
224
—
6,072
50c
$1.25
—
—
Warehouse
——^
Cincinnati Union Stock Yards Co::.———~
Citizens Water. Co. of Washington
(Pa.) —
Cincinnati
4.3%
0.2%
+
47.6%
75c
Republic
5%
R.
Corp
2%
a—
Investment Corp.—
4JA% convertible preferred (quar.)——,
Charleston
Transit Co.——
Chefford' Master Mfg., common (quar.)
25,616
9
77-
Store
Chain
re¬
and F.
Brewing
12y2c
$1.50'
Co. (increased)—
Central Telephone Co., $2.50 pfd. (quar.)—
Central Violeta Sugar (increased) ———
Less Cuban tax of 5.8%.
81,468
27
—193,866
$32'Ac
50c
30c
50c
preferred
(quar.)——
6-% preferred (quar.)
———Central New York Power, 3.40% pfd. (quar.)
317
+
44,254,419
combined
10c
i
3.50%
156,383
—
1,003
+
6-
Central Electric & Gas.—
4.75% preferred A (quar.)59%c
Central Maine Power Co., common
30c
137,743
+
38,261
Total liabilities & cap. accts.
deposits adjusted increased $118,000,000 in the
District, $105,000,000 in New York City, $42,000,-
Inc. -ii
preferred
Centlivre
326,148
+
39
+
27,455
13b)
capital accounts
100
$146,000,000 in the Chicago District, $55,000,000 in the
.
1st pfd.
Central
40
creased
the
12'/aC
(quar.)
pfd.
Capital Administration Ltd. $3 pfd. (quar.)
Carolina Power & Light com. (quar.)—
$5, preferred (quar.)
——,—...
104,205
24,316
+
—
—194,908
43,557,381
Capital Accounts—
Capital paid in
+
1,135
+
14,793
accrued divs.
liabilities
Total
—
58,239
—
2,019,826
availability items
+
—117,466
17,412,522
deposits
—
12,694
+
458,766
—
79,630
—
430,674
Other
$50,000,000..
cipal increases being $83,000,000 in the Chicago District
conv.
Mfg. Co. com. (quar.) ——
B (quar.)
_——
Railway (s-a)
Canadian Pacific
Railway—
4%; non-cumulative pref.
(s-a)—
Loans'
nearly all districts, the prin¬
5%
Camp
carrying United
increased
t25c
Columbia Elec. Ry., Ltd.—
preferred (s-a)2!A%
Street Investing Corp. _—
_—
I8c
Bush Mfg. Co., 4%% conv. prior pfd. (quar.)
28V8C
California Electrio Power $3 pfd. (quar.)—
75c
31,700
acct.
Member
Loans to brokers and dealers for purchasing.or carrying
and
20,338
—
24,110,240
notes:
Reserve
Contingent
$237,000,000 in demand deposits adjusted.
Commercial,
10c
t'lOc
5%
Llabilities—
Other liabs., incl.
banks of the Federal Reserve System in 101 leading cities
t35c
Broad
—/• 91,180
—193,866
164.
The condition statement of weekly reporting member
Stamping,
Class
2715
Jun 30
f35c
Canada* Southern
U.
•
Condition Statement of Member Banks
the
.
6-14
6-20
Eritish
1,000
5,690
—
H757
+
44,254,419
Total assets
Total
ended June 4:
14,691'
61.845
+
72,256
—
32,006
51,211
assets
Other
Deferred
shows
12,815
+
2,304,413
,
Deposits:
series A, due
1st mortgage RR. and land grant 4s, due 1947
Vicksburg Bridge Co., 1st mtge. bonds, due 1968.
•Announcement
—„
premises
2804
Texas Power
gold
Bank
Co.—,
6%
6%
items
Uncollected
—
—
#
Jun 17
4s__——July 1
$2
6-16
6-20
$1.25
18
+
102
100,341
foreign banks
F. R, notes of other banks—„
from
Due
quar.)
(quar,)
—
———
Briggs Manufacturing Co.
Brillo Mfg.
Co. corn:
—1,780,591
—180,800
21,754,876
securities—
loans' and
Total
6-14
'■
6-27
6-20
56'Ac
$50c
_____________—
Storage Warehouse
$1.30
—1,691',549
—181,937
2418
1
2
50c
87V2C
Boston
6-14
7-
7-
(quar.)——
Brantford Cordage Co. Ltd. com. (quar.)—
191,604
6-16
1
6-13
—
727,390
Total U. S. Govt,
(quar.)
(quar.)
Son,
&
G-25
7-
6-30
Borg-Warner Corp, com, ——————
3%% preferred (quar.) _—;
—,
Boston Insurance Co,
(quar.) —————
Boston Personal
Property Trust (quar.)—
—1', 378.900
175,552
369,300
Bonds
Bird
6-20
6-30
7-16
Ridge Corp. $3 conv. pfd
37J/2C
Bird Machine Co.
——_———10c
54,507
+
—282,937
G,102,266
Bills
A
Bingham
1
7-10
7-
1
Blue
475
12,917
Acceptances purchased
U. 8. Govt, securities:
,
—-—.
preferred
Class
76.540
+
6-18
1
—
—
6-19*"
6-19
6-30
(quar.)-——75c
37'Ac
25c
preferred
(quar.)——
1_,
Bendix Home Appliances
—
—
Benton Harbor Malleable Industries
(quar.)
Biltmore Hats, Ltd. com.
(quar.)__—_——
+1,690,999
42,130
1,074
63
+
1,762
advances
6-20
*
1
7-
(quar.)
$1.40
2004
Corp.—
1st lien collat. & ref. 5'A% bonds, series A, due 1948_July 1
Pacific Power & Light Co., 7% preferred stock——.—Aug
1
Pearson Co., Inc., 5%
conv. pfd. stock,
series A——.Jun 28
Co.
com.
Corp.
Bros.
Extra'
39,619
—
384
—
229,375
cash
Other
Notes
—
Continent
Total
Industrial
1T2960
1
debs., dated 1938—u
July 24
New York Gas & Electric Light, Heat & Power Co.—
1st mortgage 5%
bonds, due 1948
Anytime
Purchase money 4 % bonds, due 1949....
Any time
North
45,000
+
19,782,095
R.
!
8-
$1.50
20c
40c
30c
$3.50
.
I
(quar.)
Beatty Bros., Ltd., new com. (initial
Beaver Lumber Co., Ltd., $1.40 pfd.
1,730,618
+
—
series A,
Co.—
Hotel
19,069,678
712,417
F.
for
+
notes
2928
2928
Corp.
Hydro-Electric
41/2%
1946
-—
fund
Redemption
1
Co.—
Gas
consolidated
1st
1,
Jan.
bonds,
New Amsterdam
New
due
certificates
t
6-16*
50c
30c
(quar.)
Co.
(N, Y.)
June 12,
$
Assets—
1
11c
com
Barker
Since—
Deer.
1947
1947
Gold
————
3'A %
Nebraska
3054
or
June 4,
June 11,
1868
1
July
1, 1956
May 15, 1960-i_
Inc.
Bank of Yorktown
-Inc.
July: 2
series, due Feb.
3'A%
;
Sep
Bank
of dollars)
(In thousands
*
7-
25c
—
(quar-.)-———
of.,Manhattan Co. (N. Y.) (quar.).—
of New York (quar.).———-
Bank
Reserve Banks Combined
2278
Welt
BancOhio
Bangor
3052
Heat & Power Consolidated—
and collat. trust bonds—
mortgage
1st
Fund,
3052
Federal
$2
S3
J15c
B_
2546
1
6-23
6-30
$1.06JA
(Hartford)
Insurance
1
July
6-23
1
6-30
15c
—
Jun 30
—Jun 30
July l3
Jefsey Mortgage Co.,
Jewel
6-23
1
;
40c
Steels Ltd. new
Class
Statement of Condition of the 12
1
77-
6-30
$1.50
10c
15c
$1.50
$1.75
(irreg.)
Co.
$6 pfd. (s-a)
com. (quar.)
Ealdwin'Co., common (quar.)
6%
preferred (quar.)
July
7-
7-
40c
(quar.)
(Ga.)
Backstay
.
6-23
7-
25c
25c
25c
(quar.)
3051
mtge.
gen.
Square
mortgage
1
6-19
'
Refining com.
&
Axe-Houghton
Great Northern Ry.—
Herald
6-19
7-
6-30
(resumed)
(quar.)
Realty
Automobile
3051
2
2
3
6-20
pfd. (quar.)
Light, $6 pfd. (quar.)
Manufacturing
Atlas
15,832
week
during
6-13
7-
6-19
6%
&
4%'% 'preferred
At-hol
Atlantic
Gov't
S.
preferred
Ashland'Cil
accounts except
accounts,
deposit
demand
to
interbank
6-13
1
6-16
(quar.)
Oil
Arkansas-Power
49
229
6-13
1
7-
1
!
Arkansas-Fuel
851
—
1,279
Foreign banks
Borrowings—
Debits
164
+
1
7-
6-30
Co;
Co.
Anger man
9,736
8,501
banks
7-
7-15
Republics
1st preferred
$7
deposits:
demand
Domestic
6-16
•
$1.31'A
-
_______
Metals
&
Manufacturing
6-16
,
1
25c
40c
60c
(N. Y.) (quar.)
1__.
i
com.-(increased)-
*
675
720
—
Co.
Brake Shoe Co.
Corp.
Verre-Mural, Inc.—•
V.T.C. common
(liquidating)
American Water Works & Electric—
668
+
10,739
deposits
(quar.):
6-30
7-
2
6-
6-10
American
39
+
237
+
40,139
Bakeries
American
85
—
Goods
($10 par)
Mfg. Co._-
preferred ' (quar.)
5% %'
61
+
1
—
2,033
pfd.
(quar.)
par)
Alliance Insurance
American-
158
+
($25
pfd.
American Machine
251
—
37
—
5,972
4,344
—
72
+
Banks
■
—
328
,—
2,369
vault
Interbank
General Theatre Investment
Co., Ltd.—
1st mtge. serial bonds, series A, due 1947 and
1st mortgage s. f. bonds, series A, due 1955
American
3,855
of indebtedness.
;
U.
Jun 20
1950_July 1
1948conv.
Aluminum
152
597
.
Time
Co.—
A, due
1st mtge.
series
Bridge Works,
—
503
+
+
(quar.)
com.
Holder*
Payable of Rec.
30c
20c
25c
25c
34%c
13%c
20c
(quar.)
conv.
19
Liabilities—
3050
——Aug
Aug
5%%
51
+
Corp.
conv.
-+
27,226
Demand deposits
2
A
5'A%
40
—
$6
1
1
mortgage s. f. bonds, series A, due 1956
mortgage 20-year s. f. bonds, due 1948
1st
1,155
_
3
+-
393'
Balances with domestic banks
8.
Foods
Airline
232
with Federal Reserve
in
Cash
Co., Ltd.—
mortgage 2'/2S, 3'/2S„and 4s, due 1948-1958——Jun 15
Bay Lumber Co., 5% preferred stock—-———July
T
Copper District Power Co.—•
1st mortgage 4'/2S, series A, due 1956—————July 12
Guelph Carpet & Worsted Spinning Mills, Ltd.—
1st
2
—
1,742
securities
Reserve
3049
(irreg.)
——__
Aerovox Corp. 6% conv. pfd. (initial) (quar.)
Aetna Auto Insurance
(quar.)
Aetna Casualty & Surety (Conn.)-' (quar.)'—
Aetna Life Insurance (quar.)
Ainsworth Mfg. Corp. (quar.)
_
2,451'
bonds
S.
Other
Coos
—
-
—
bills
Treasury certificates
Treasury notes
2923
208
—
(irreg.)-
Co.,
Aeronautical. Securities
Class
securities
Treasury
Cooksville
4%
serial debentures
Donnaconna Paper Co., Ltd.—
175
408
loans
Other
514
50
+
Loans to banks:
—July 28
1950:
+
474
obligations:
Government
8.
estate loans
Real
2793
Blue
Cities
3,161
765
obligations—
securities
Other
Ridge' Corp.—
Optional $3 convl pref. stock, series of 1929———July 15
Bridgeport Brass Co., 5 'A % preferred stocks.
—Jun 30
Butte Electric & Power Co., 1st mtge. 5s, due 1951—Any time
2,496
+
Other loans for purchasing or carrying:
3045
1st
,+
pur¬
536
Government
8.
for
carrying:
or
Other
Co.,. Ltd.,
Paper
Ltd.,
Co.,
Bay
1st mtge,
Co.,
Power
Albert
U.
2921
dealers
and
44
—
10,630
brokers
to
8,725
.—
246
+
17,238
and agricultural
Industrial,
loans
318
—
Share
6c
5c
37'Ac
25c
62'Ac
Company
Stock
Acme
54,606
Commercial,
Loans
1946
1947
When
Per
Name of
investments—total
and
Loans—total
when.,
week are:
Since
June 5,
MLay 28,
4,
1947
Assets—
"General Corporation
Department" in the week
News
.dividends announced this
The
Increase ( + ) or
*
in our
company name
Investment
declared.
Decrease (—)
Loans
—
and
in
show the dividends
we
under the
dollars)
of
3099
1
July
——
1971
due
millions
(In
Corp.—
bonds,
"•
,
2931
June
'
Wisconsin
*
of the assets and liabilities of reporting
summary
the
previously announced* but
have not yet been paid. Further details and rec¬
past dividend payments in many cases are given
which
ord of
A
Inc.—
Manufacturers,
&
stock.:
—
—
Welsbach Engineering & Management Corp.—
Collat. trust 5%
bonds, due 1953—
..
Western Light & Telephone Co., Inc.—
1st mortgage bonds, series A, due 1975:—
5 %
bring together all the dividends announced
current week. Then we follow with a second table
we
which
$77,000,000 at all reporting member banks.
2676
1962
in New York City
tables. In the
in two separate
Dividends are grouped
first
$164,000,000.
increased $42,000,000
Borrowings
2929
1
July
Demand deposits cred¬
increased
*
16
Jun
United States Government de¬
ited to domestic banks
3058
Hampshire—
New
1st mortgage 3'As, series A
Ruppert (Jacob), 4'A% preferred stock-Sao Paulo Electric Co., Ltd., 1st mtge. 5s, due
District, and $237,000,000 at all re¬
posits decreased in all districts.
3057
Monday, June 16, 1947
CHRONICLE
THE COMMERCIAL & FINANCIAL
(3210),
10-
15c
$2.50
25c
$1.12'A
1
7-, 1
1
6-30
6-20
9-18
.
6-16
7-
1
6-20 ~
7-
1
6-20
Volume
'
Number 4603
165 ;
[THE COMMERCIAL & FINANCIAL CHRONICLE
'
Per
<
When
When
Per
Holder»
Per
Holders
When
Holders
Payable of Rec.
"
Name of Company
Share
Name of
Payable of Rec.
12y2c
7-
1
Lees
Pinna, class- A
•
:
5c
convertible
preferred—-—--15c
'Decker -Mfg. Co. (quar,)-,,,——5c
7-
1
Lehman
7-
1
Lerner
7-
7
,Deerfield Packing,
6-16
Lessings,
Dazey
5%
Corp.,
(quar.)
pfd.
conv.
De
'
6%
Denman
5%
(quar.),
$1.12%
10c
7-
1
12V2c
7-
1
Lindsay
convertible
pennison
Mfg.
(quar.)
8-
(quar.)—
Co.
2
Lusk
Dominion Foundries & Steel, Ltd. (quar.)t35c
Douglas- & Lomason Co. (quar.)7V2c
Duff-Norton Mfg. Co, (quar.)—.
40c
7-
2
Lux
7-
1
Mahoning Coal RR. Co.,
5%
preferred '(s-a)
Insurance
Semi-annually-
Eastern Racing
Co.
Association,
preferred
(Toronto)
—„
25c
7-
1
common
Lines,
(quar.)_
25c
7-
1
50c
7-
1
75c
7-
1
tl2V2c
5•%
Empire Trust Co.
Endicott
4%
pfd.
(N.
75c
Y-.) (quar.)—
7-
1
7-
8
7-
1
75c
-
Corp., common.—
(quar.),:
Inc.
(quar.)
___•
40c
Fund,
Foods
Co.
Chemical
Co.
Insurance
Co.
of
N.
Federated
Fibre
Products
5%
of
preferred
Fifth
Avenue
Special
First
N.
Florida
4%%
preferred
Foremost
II
6s/c
Utilities
Co.
Dairies
Foresight Foundation
Frobdtert
•
$2.20
^
Oarlock
Oeneral
5%
1
1
t25c
77-
1
7r-
1
com.
5%
(quar.)—
7-10
class
Co.
7-
1
Mission
7-
1
A—-
75c
&
Great
American
Ltd.
Toy,
'
7-15
"•7-15
cash
,
dividend
i-Bank,'iL.
-
Guardian
7%
87%c>
•'7-
v
6-8
1
-7-2
6-20
Fire
Harbauer
Hart
Hastings
4%
Marx
&
(N.
Y.) (quar.)
Mfg.
Co.
—
Electric
(
-
__^
'
——
Home
11
Sound
Co:
5%
?
Income
6-10
6-
7-15
j_
Pneumatic
Tool
Inc.
Certificates,
(s-a)——
Inc.
(Md.)
Semi-annually
Intercolonial
Coal
Co.,
—
Hosiery
$4.80
Mills
pfd.
Irving
Air
Creek
(quar.)
Co.
6-20
Service,
Ltd.,
com.
_*
(quar.)
7-
8-
1
6-26
6-10
7-
2
6-20
7-15
6-30*
7-
3
6-23
7-
2
6-20
$1.50
7-
1
6-14:
$1.20
7-
1
6-16
6-
12c
7-21
6-30
25c
7-
1
6-20
7-
1
6-19
$1.50"'
7-
1
6-19
preference
B
(quar.)
xl%%
7-
2
6-13
(quar.)
Co._
Brothers—.
shares
-
Journal
Co.,
4'/4%
Water
preferred.—
Works, 6%
Publishing, Ltd.
pfd.
Kentucky
Utilities Co., 6% pfd. (quar.)—_
Company (increased quar.)
Keystone Portland Cement (accum.)
'
Kittaning Telephone Co. (quar.)
;
—
Langendorf United Bakeries, class
Class
B
Putnam
Radio
Gas
of
Railroad
Class
80c
Reed
A
(quar.)
(quar.)
:
(quar.),,.
A
30c
pref
7-
2
6-30
Weeden
7-
1
West
5-31
1
8-11
55c
7-30
6-30
7-15
6-30
7-
1
7-10
6-13
Rhinelander Paper Co.
5.27
6-13
1
(quar.)
1
(s-a)
7-15
6-30
6-
2
1
(quar.)
6-18
1
6-14
St.
7-
1
6-16
Regis Paper, 4.40% 1st pfd.
Sangamo Co., Ltd.
(quar.)___
50c
7-
1
6-16
Santa
6-30
6-25
6-11
6-16
Savannah
5%
&
Atlanta
preferred
Schuster
(Ed.)
&
6-15
5-31
Schwitzer-Cummins
6-30
6-13
Seaboard
6-30
6-16
50c
7-15
6-30
50c
7-15
6-30
$7
Ry.
7-
1
Corp.
preferred
40c
6-26
-7-
—
common
—
6-28
6-30
15c
6-20
7-15
7-1
7- 1
$1.25
7-
2
6-21
6-21
6-16
7- 1
7- 2
8-15
50c
25c
$1.50
$1.75
$1.75
8-15
6-30
6-20
37y2c
6-25
6-16
6-14
7-17
7-17
—$1.50
—,
25c
7- 1
8- 1
1.
(quar.)
(accum.)
A
6-18
7-18
6-10
Oil (quar.)
(initial),,
7% preferred (quar,)—
3c
10c
$1.75
7-19
7-15
6-30
Candle_,,„_„,„-„„„„
10c
$1
6-16
6-28
6-10
(irreg.)$2.50
6-20
6-16
Greenland
Fund,
Inc.
Baumer
(quar.)
Co.
Iron
6-16
7-
1
6-16
Orchids
(Thos.)
give the dividends announced in previous
paid. The list does not include divi¬
dends announced this week, these being given in the
6-20
7-
1
1
we
weeks and not yet
preceding table,
6-20
7-
'•
6-20
7-15
6-30
8-
1
7-15
8-
1
7-15
6-16
6-
6-30
7-
Per
Name of Company
AbbQtt
6-20
5
Share
(quar.)
Laboratories
pfd.
$6
1
6-19
6-30
6-16
7-15
6-25
Abraham
1
15c
7-22
6-16
1
Paper,
&
Power
(Thi3
6-30
7-
Abitlbi
6-13
payment
&
6- 5
6-20
$$6.25
arrears)
7- 1
7-25
7-15
$1.12y2
Inc
Hat "Stores
Adams
(quar.)
Co. (irreg.)
Express
—
25c
7-20
6-30
7-20
6-30
Adams
7-20
6-30
Addressograph-Multigrapll Corp.
7-
1
7-11
Ball
1
6-26
7-
1
6-25
Ahlberg
Akron
6-16
6-10
1
6-20*
7-
1
7-
Alabama
6-20
6-11
6%
25C
7-
1
6-19
Alabama
$1.25
7-
1
6-19
7-
1
Alden's,
4(4%
4%
$1.10
6-
6
6-25
6-12
7-
6-11
$1.25
1
7-15
7-
7-17
6-23
6-30
6-23
$1.50
6-30
6-16
$1.75
6-30
6-16
—
Electric
&
Allied
Products
(quar.)
Corp.
(quar.)
—-
Special
Allis-Chalmers
—-
Mfg.,
common
7- 1
7" 1
6-15
6"15
7- 1
6-20
10- 1
9-15
sj.ou
b-zb
o-^b-
6-26
5-26
7- 1
6-13
7- 1
7- 1
6-10
6-10
(quar.)
i
6-16
$$2.50
$3
40c
7- 1
7- 1
6-30
6-20
6- 6
2'/2c
(quar.)
Laboratories
Stores
6-21
75c
25c
$1.50
(quar.)
Equipment
Allied
Allied
„
Dye
6-15
6-30
50c
.
Allen
1
7-27
6-30
6-16
$1-25
37y2c
$1.06y4
—
Ltd
Baldwin,
&
6-14
6-19
6- 2
6- 2
5-31
6-16
$1.05
(quar.)
Steel Corp.. 5% preferred
Alleghany & Western Ry, guaranteed (s-a),
Allegheny Ludlum Steel Corp. (quar.)
Chemical
6-30
7-10
S3.50
pfd.
Algoma
Allied
15c
(quar.)
(quar.)
Inc. com.
preferred
&
4.20%
Co.
Power
Alexander
6-23
6-16
-—■—
-
preferred
participating
5-20
6-10
6-16
6-13
Co.—
Southern RR.
Ordinary
6-20
20c
50c
20c
25c
15c
6-15
7- 2
7- 1
6-27
—
(s-a)
Great
1
$$1.25
$25c
15c
25c
$2.50
(quar,),.
& Youngstown RR
Canton
preferred
5%
6-16
1
8%e
—
-
class A
Co.,
Bearing
7-18
$1.50
—
com.
:
Extra
7-
7-
(quar.)
Bearing,
Roller
&
(quar.)
Y.)
N
1
$1.37 y2
Co.
Mfg.
D.)
(quar.),,,,
(quar.)
5% convertible preferred (quar.)
Aetna Standard Engineering Co. com. (quar.)
5% preferred (quar.)
Agricultural
Insurance
Co.
(Watertown,
6-24
7-
(J.
Aetna
6- 5
6-30
7- 1
preferred—
$2.50
all
clears
Straus,
Refineries, Ltd.—
5%
preferred
(quar.)
Class A preferential participating (quar.)
Adam
Holders
6-30
$3
(s-a)
Acadia-Atlantic Sugar
7-
When
Payable of Rec.
30c
Fitch
&
$2
62y2c
(quar.),,
50c
:
Extra
Abercrombie
3iy4c
25c
(quar.)
(quar.)
pfd.
6-20
6-23
Below
6-11
6-20
50c
$6
6-20
6-28
6-24
(quar.)
Water Co.,
Young
Co.—-
Corp., common
General,
—
6-17
6-20
7-15
class
&
8
6-30
Woodward
6-10
1
6-30
50c
Co.
(quar.)
6-23
6-13
12y2c
(quar.)
Co.
Commercial
preferred A
Securities
(quar.),
A
fcement
(quar.)
50C
5%
conv.
Co.,
Power
Will
6-20
50c
(quar.)
7-
7-15
6-18
$1.12'/2
Whitehall
5-15
7-
$3
pfd.
75c
50c
6-18
7- 1
7- I
25c
$1.75
31'/4c
—;
preferred (quar.)
Foundry Co.,,
preferred (quar,)
4%
Steel
Wichita
35c
$1.25
Portland
6-20
Inc.
(reduced)62y2c
Insurance Securities—
Westgate
6-20
40c
(quar.)
conv.
6-18
7- 2
—25c
preferred
$2.50
6-24
7-
7y2c
Richmond Water Works, 6% pfd. (quar.),,
Ryan Consolidated Petroleum (stock dividend)
Safeway Stores, common (quar.)
5%
preferred (quar.)
$1.50
-
(quar.)
preferred
6%
6-25
7-
25c
15c
Y^.
(Ohio)
„
Electric,
Western
6-14
6-27
Cruz
common,,
—
Co.,
Penn
Western
6-14
Insurance
6-23
6-19
6-18
6-20
$1.25
$1.25
&
4y2%
6-19
6-14
7-
1
Remington Arms 6% pfd.
Reynolds Metals Co. 5J/2%
Fire
9-
6-30
6-30
7- 2
25c
preferred (quar.)
preferred A (quar.)
$7
6-11
6-11
1
N.
9-30
—„
(quar.)
Michigan
7%
6-23
1
7-r
6-13
7-1
Co.
Corp.,
preferred
West
6-14
7-
of
50c
6-30
Corp.—
West Penn Electric Co., 6%
Inc.—
(s-a)
Corp.
6-30
6-30
6-23
$1.50
6-20
6
6-16
7y2c
6-27
7-13
Walworth
5%
7-16
8%c
Reliable
6-26
6-
1
J
Reliable Stores Corp.
7-16
6-10
6-26
8-
(quar.)
6-16
Reinsurance
$1.12y2
—
Y.)
(N.
Co.
20c
Laboratories,
6-20*
A
(quar.)
pfd.
25c
(quar.)
conv.
series
Weatherhead Co., $5 preferred,,,
& Fixture Co., common,,,,
6-18
7-
87y2C
(quar.)
6-301?
7-15
6-28
1
50c
(quar.),—
6-13
$2 50
6-14
8-15
30c
Co.
6-13
$i7c
1
2
15c
Drug Co. com.
Class
Baking
preferred
7%
$1.25
(accum.)
Employees Corp. class A,,,,,,,,,,
Reeves-Ely
7- 1
6-14
Inc.
Tool Co., common,25c
preferred (quar.)
$1.75
Wagner
$1
B_,,
preferred
6- 9
$1.75
Shares,
preferred
(quar,)
Universal-Cyclops Steel
6-14
7-
37y2c
pfd. (quar.)
preferred (quar,),,.
pfd.
$20
-
(quar.)—
1st
$5
6-16
7-
Power
International Securities
1
$1
(Boston)
America—
1st
conv.
Guarantee
1
9-
7%
Corp.,
&
S.
7-
$1.12 y2
(George). Fund
Corp.
$3.50
30c
62 >/2c
37!/2c
50c
$25c
50c
-30c
48%c
^initial)—
com.
common
certificates
U.
7-
Inc.—
Co.
15c
(irreg.)
Mfg. (quar.)
Co.,
5%
8%
40C
Telephone
Plant-Choate
Co.
Gamble,
2
85c
Kerite
La
Pocahontas
Transit
&
2
$1.50
(quar.)
(Ottawa)
(quar.)
Kearney (James R.), 6% pfd. (s-a)
(George E.), $5 prior pfd. (quar.)
$2 junior prior preferred
(quar.)
Crosse
Creek
Procter
new
Machinery,
U. .S.
7%'
90c
(quar.)
pfd.
6
:,,
,
Weber Showcase
$1.75
,(quar.
1st
50c
Keith
La
Pond
Portland
7%
G.
$1.75
;shares
(quar.).__,
preferred (quar.)
Joplin
Suspender Co.
(Thos.
$2
—
Non-voting
Tea
com.
7-
■:
(quar.)
1
37y2c
preferred- (quar.)
(quar.)
7-
50c
...
(s-a)
(quar.)
xlJ/4%
.
7-
15c
xiy4%
(quar.)
-
(quar.)
(quar,)
pfd.
5
6-
6-10
6-18
& Foreign
■
■i
2
>7%
1%
Plant
6-16
6-13
Jewel
,
(N.- Y.)
preferred
Pioneer
6-17
6-30
pfd.
6-
7- 1
6-27
7-15
7-15
7- 1
7- 1
7- 1
7- 6
7- 6
6-20
Trusts—
(quar.)
Products
2nd
non-cum.
4%
Bank
7%
Co.
preferred
£st
$3.60
.
6-10
6-20
6-13
Founders
Stove
Philip Morris & Co.
6-20
2
.
$4
7-10
2
Electric
Works
Water
$4.50
'
7-
D
7-15
+
40c
&
(s-a)
(quar.),,,,
Products,
trust
Foil
S.
Vlchek
<it
30c
,
Pennsylvania Exchange
Peoria
7
7-
Jenkins
*
6-16
xl7c
Jefferson
Quarterly
6-16
1
x$1.75
C
6-30
25c
Corp.
for Banking
Permutit
Company
Philadelphia
Dairy
1-"'.
1
(quar.)
preference
Co.
Perfection
A
preference
6-25
$1
Cement
6-16
$33.50
(accum.)
Securities Corp.—
$4.50
1st preferred
(quar.)
$6 2nd preferred
2
$5
-
Ltd.
Share,
Co.
Shoe
S.
U. S.
7-19
$1.50
common,,,,,,,,
6-16
6-20
$3
(s-a)
5% 2nd pfd.
Co. (quar.),
preferred (quar.)
Electric Light &
(Del.),
7-
15c
(accum,
Electric,
6-20
preference
5%
U.
50c
20c
pfd.
(quar.)
6-20'
7%
,5%
&
6-30
75c
—————
Cov common—...
(quar.)——
6-16
$1.25
50c
(quar.),,,,,,,
(quar.)
$6
Lumber
Peerless
Pennsylvania
5-31
6-30"
50c
Coal
Public
Jamaica
,
——
Chute
'SO'preferred
2
$$4
(initial)—
Investors Mutual
Island
Pacific
-
Providence
Bakeries
Interstate
7-
8-
10c
—
6-30
6-14
7-11
62 y2 c
pfd. (quar.)
Rubber, 5% pfd. (initial quar.).
Pacific Lighting Corp. $5 pfd. (quar.),
6-23
6-19"'
1
7-
$1.25
1
$1
O'Sullivan
-6-10
6-30
Gas
—
Ltd., 8% pfd. (s-a)_
International Ocean Telegraph (quar,)
Interstate
6-16
7-
20c'
.
6-13
8-
25c
Orange & Rockland Electric 5%
6-13
1
40c
•
—
Insurance Co. of North America
Insurancesbares
7-
7-
*•'
6-30
$8%c
(quar.)
com.
Old Colony Insurance (quar.)
Old Town Ribbon & Carbon Co.,,,
1
$75c
iy4c
6-17
75c
Co.
Corp.
Water
preferred
4%
6-24'
$25c <•*■•'-
(accum.)—$17,
4quar.)_
6-11
6-27
93 %c
(quar.)
pfd. (accum.)
Railway (s-a),^
Sugar Co., Ltd.
Oklahoma
7-15-
1
7-15
pfd.
(quar.)
6-30
V20
Investors,
7-
8-
pfd.
conv.
Ohio Cities
-
1
50c
—
Independent
Inland
2
7-
' 62V2C
Fund
3%%
J.)
Novadel-Agene
Oahu
6-20
7-15
•
6-20
25c
(initial)
Magazine
(J.
Mfg. Co.
Star Oil, Ltd. 7%
$2.50
...
5-31
6-12
6-30
50c
8-15
50c
Judd
&
6-13
12V2c
(quar.)
Certificates
Fundation
Extra
Brake
7-1
1
15c
'•'f
common
Arrears
North
6-20
preferred ' ((juar.)
Dividend
.
Co.,
Newberry
■v.
6-20
6-20
(quar.)
3
50c
New Yorker
-6-30
"-7--8*
6-30
Co. Ltd., new com. (initial)^ < *'
preferred A (s-a)__—tr*
Non-cum.
-
■
v
6-30
6-30
Hubbard Felt
Illinois Power
Air
Street
preferred '(quar:)^-!!.!—,'r
5%%'
Howe
9-
25c
York
Leather
(Frank W.), Ltd. class A (quar.)——
$12%c,:"
Houston- Oil' Field
Material, common--ri22*-,-! - 12%c''
lc
$1.75
—
New
North
Horner
8-15
New York & Honduras Rosario Mining Co.-—
Northwestern
Co. -(quar.)'—12c*"
Baking ■ (N. J.) (quar.)
•,
* $2
3
$1.12 y2
i
(auar.)
6-14
Northampton
Products
&^-Hardart
9-
Association-"-
:
6-17*
—_
Co.
Insurance
Honeymead
Horn
quar.)
6-12
Ltd,^,—,
50c;
of Hawaii—50c
Co.,
(Initial
Milk
United
80c
interest
&
Fruit
6%
6-20
$1.25
Louis
United
6-14
,
6-25
12i/ac
6-24
$1.75
6-14
$1.37y2
,„■•
1
17c
beneficial
of
6-16
6-20
7- 7
7- 1
7- 2
7- 1
6-20
10c
$1.50
62y2c
(quar.)
participating preferred (initial quar.),
Printers & Publishers, Inc. (quar,),
7-
25c
Electric
&
shares
7-18
• • - $ 1-. 25
(Edward). Lumber Co. '-(C[uar.)-t\:'iit.->T-«--25c>".•
Holmes-(Di.o H.)
Gas
pfd.
'
6-25
"
7
$1
1
7-
$1
6-
United
6-30
(irreg.)
1
$15c
$$1.25
(quar.)
Mills,
Drill
Bond
United
$1.25
Terminals
England
4>/2%
,
Twist
6-20
lc
3
50c-'*-
i.<
Union
1
$3.50
Corp.
7-
6-20
10c
preferred
$6
St.
of
Corp.
Buffalo
$1.75
7"
7-15',
preferred" (qtiar.)
-
Investors
6-13
40c
7- 2
7- 1
7- 1
50c
41 %c
—
Corp
Co.
RR.
Fixture
Union
1
Inc.^
(quar.),
6-20
Extra
Development
&
New London Northern RR.
—-,
_i—
Extra
5%
7-15
7-15
25c
Tunnel
Tyler
-
National
6-11
—_
——
sy2%
Hines
'
50c
(quar.) -__-_^^-lii;22i:•
(quar.)
New
1
8-1
30c
E:) -& Co. com. (quar;)^_JJl—i—;s "'•
preferred
National
6-17
■
6-14
6-30
Corp.,
Products
6-20
Co., $7 pfd. (quar.).,,
Bank (N. Y.),
50c
preferred (quar.)
Higbee Co. com. (quar.) „:
»
6-20
60c
Trico
6-20
—
60c
—
Insurance(quar.)-
Fire
Hawaiian
f
Co.
Company* l—1——,
1 Heller* (W.
>
Insurance
2
$50c
6-20
75c
-Interim
*-s
1
United
Extra
<
7-
..
7-
r
(quar,) i__c
Tri-Continental
6-14
7- 1
7- 1
7- 1
6-14
10c
6-14
7-
6-30
58y3c
(irreg.)
Corp.
1
1
Enameling & Stamping (increased)
National
Folding Box Co.,,,,,,,,,—-
1
—50c
3
6-
7-
1
6t20 ^.'National.
»::»?•-Vi• '■:
Canada—
Mining
Trans-Lux
6-30
40c
7- 1
Extra
3
7-
(irreg.)
City
6-20
'
6-12
25C
.
$1.50
participating
6-25
Casket
7-
30c
""
1
7-
7- 1
7- 1
7- 1
6-14
40c
class A (quar.),,
Toronto Mortgage Co.
(quar.),,
Torrington
Co.
(quar.)—
60c
7-
(s-a)
National
-6-27
■
■
pfd.
7-15
preferred
6-30
25c
6-13
35c
—
National
-
„
-7-
$1.50
6-30
U.
7%
6-30
*
- -
——
conv.
''
California
of
Co.,*.,,
Schaffner
Hartford••
$2.40
r
6-17
$1.50
—
Nachmam. Corp.
"7-15
30c
share
of
-f
$$3.75
• »
(accum.)
Co.
Mfg.
Hanover
<
(quarr)
-,u_-
Co.
preferred
Hamilton
1
stock.
>
6
•■7-1
*
1
50c
ai__
.
6-10
7-
$1.22 y2
(initial quar.)
preferred
$5
6-10
6-30
7-15
5-30
50c
25c
—
6-30
$1.75
6-14
——
preferred
(monthly)
6% preferred (monthly)
5% preferred (monthly)
Toronto Iron Works, Ltd.—
1
6-30
$1.75
'
Corp.,
Oil
(quar.)
.Extra
"10c
(quar.)
,Cg."> (qua*.)*
Realty
Halle Bros.
-
and
A.)
Gruem Watch
.
7-15'
$1,75"-
System 6% pfd. 4quar;H_
Oreiss-Pflcger : Tanning; (.quar.-K-,^--^-ar-'-Group Corp.* iLos Angeles) (liquidating) $40
(irreg.),
Cement,,,,,,,,.—
7 V20
Edison Co.—
$1.25
(quar,).
6-19
6-10
—
7%
$1.10
pfd.
Investors,,,,,,,,,
Diablo
Co.
(New Orleans)
Toledo
6-
6-13
7- 3
Clothes,
6-20
7-
6-17
6-25
Inc. (increased quar.)—.—
Title & Mortgage Guarantee Co., Ltd.—*
Timely
6-20
6-30
7-10
6-13
25c
(accum.)—
Co
6-30
25c
1
6-25
7- 2
7- 2
8-
25c
Gas
Southeastern
$1.75
5%
Dry Goods
Finance
Mount
v
6-30
(quar.)_-_-i„„—i_- $15c
Co.
(N.; Y.)—
Die
7-15
-
——
pfd.
conv.
6-30
$1.40
(quar.)
(Kansas)
Plan
'"-Motor
•■:
$6
25c
(quar.)
(s-a)
com.
6-16
40c
Co.,
50c
(Illinois),,,,,
(Philip) see Philip Morris
Morrison Cafeterias Consolidated,
preferred
(quar.)_
>V6-30
1
6-23
America
of
IOC
Morris
30c
•
preferred
(W. ,R.)
Morris
$$2.50
Water
&
6-18
Morris Plan Bank of. New.Haven,,
.
7-31
30c- :
Tap
7-
Gas
Moore
7-31
Ltd. $7 pfd,-, (quar.)
$$1.75
Steamship.^—50c
Greenfield
.
1
7-1
Insurance
Greenwich
15c
Service, common (quar.)
v
-4:907o. preferred
(quar.),,,,,,,,.
Monongahela Valley Water, 7% pfd. (quar.)
-50c
pfd.- (quar.)
Great West Life Assurance
-
7-
55c
;
Quarterly
.
6-17
56 >/4C
Power & Light,
Oil
Mobile
6-30
Great Lakes'Power Co.,
Lakes
6-27
(quar.)
common
Missouri- Portland
'":7-' 1-
6c
(quar.)_-_
$3.50
6-14
—
Co.,
prior
$1.183/4
Packing. Co. "dquar.i
Mfg. Corp;;- Ltd;— ■»*>»<*+■?,•■ •*..a.
Grand
.
7%
Minnesota
Products
C.)
1
(quar,),,,—
Co.
preferred
Falls
1
_______•
New
States
4V2%
25c
(A.
7-
Bros.
-'■•7-
Building Corp. „$1
& Malting -OOi,,„common—i
12%C'
A
6-14
Co.
50c
of
Publishing
20c
———
(quar.)
6-14
1
^
Millers
Textiles, Inc., common (increased)
4%
preferred (quar.)
1
7-
10c
Telephone Co.
Midwest Rubber Reclaiming—
1
$3
Texas
7-
7-10
6-28
7- 1
$1.12y2
50c
$$1
$75c
...
Ltd.,
10c
Extra
Middle
6-20
15c
„•
Meredith
6-30
$20
Gordon Foods, Inc.-———
Goulds Pumps, Inc. 7% pfd. (accum.f.u—£-
Great
Extra
Temple Coal
1
class A„^,„
York (quar.),,,,,
(quar.),
(quar.)
Sweets
7-
Natural
pfd.
class A
6-16
75c
(s-a)
4V2%
Canada
of
Co.
8-15
(quar.).
9-17
7-25
15c
$$4.25
(quar.)
6-12
(quar.),,,,,
common
Inc.
Assurance
Co.,
6-16
10- 1
—,
1
7-
2c
Co.,
Corp.,,
Superior Portland Cement
Supertest Petroleum Corp.,
$1.50 preferred B (s-a)
1
8-15
5c
&
Extra-,.
4% preferred
Michaels
r(8-a)
——u'——
General • Reinsurance Corp.
Georgia RR; .& Banking Coj - (quar-.) —•,'
■
7-
7-
(quar.)——$6
non-cum.
(quar.)
Shop,
1
56c
20c
12y2c
(quar.)
preferred
Container
6-16
10c
7y2c
1
Bank
preferred
Gilbert
Johnson
pfd.
Merchants
B
'»•
■■
Mead
40c
Fyr-Fyter Co. class
Class
9-15
1
Grain
"preferred
62»/2C
1
Formica" Insulation
41st Street
Sun
1
(quar.)—_20c
com.
preferred Hquar.)
6-13
7-
1
Y.)
(quar.)
Oil
1
7-
„
Public
Life
10-
(quar.)—
(stock dividend)——
Fleetwood-Airflow, Inc.
Sun
1
7-
Ltd.—
Y.
(N.
6-13
35c
i
of
Bank
1
35c
(s-a)
Bank
7-
Merchants
——'
National
10c
4Va%
7-
7-
25c
7-
&
1
(quar.)
6-21
Stop
7-
(N. Y.)
6-30
6-21
6-17
class B
9VaC
1
7-10
1
30c
6-23
7-10
7-
Co,,
6-13
O— 31 7/10c
pfd.
$10c
75c
&
7-
6-30
6-23
7-15
(increased),.
Co.,
6-10
7-15
$10c
Stone
G.)
6-30
$1.12,/2
(quar.)
$1.50
9-15
(Arthur
6-16
6-16
6%
6-30
(quar.),,,—T,„—
6Vi%
3
7- 1
Southern
8-
McKee
50c
Canada,
6-25
2
Edison,
7-
8- 1
Standard
6-11
$1.50
Publications
Federation Bank & Trust Co.
Co,
Gas Co
Acceptance Corp.,
•
6-20
1
1
Memphis
(quar.)
6-10
7-
Water,
Telephone
6-10
'7- 1
preferred B
New England
Telephone
Radio, Ltd., class A (quar.)
Class B
(quar.)
Stern & Stern Textiles,
common
6-20
7-
6-16
J.
6-23
7-1
25c
7-
50c
Quarterly
Southern, California
7-15
6-25
'
6-23
50c
(quar.)
pfd.
1
$3
6-30
pfd.
(irreg.),,
7-
Pittsburgh
2
7-15
6-10'
35c
4'/a%
$7.50
75c
Company
McGrath-St. Paul
7-
8-15
25c
South
$50c
McBee
1
50c
Southeastern
$$7
:
6%
Federal
t
8-
$1.50
20c
5-31
(increased).,,,
7-1
6-18
$20c
Corp
6-20
$1.75
Massey-Harris, Ltd., common
6 y4%
preferred (s*a)
1
$1
1
(quar.),
Co,
6-20
7-
—
(quar.),,,,,,,
pfd.
7- 1
25c
7-
30c
Insurance
75c
—
6-16
6-20
10c
O.) & Corona Typewriters
Manufacturing Co
Snyder Tool & Engineering
common,,,,,,—
Corp.,
40c
.
6-25
Co.
O.)
(A.
1
(L.
Smith
s-a)__,
Corp.
5c
^__j.
Smith
$1.25
Machine
7%
Co.,
$1
com-.
preferred (quar.)
Faultless Rubber Co.
Fear (Fred) & Co. (quar.)
Federal
Mills
Zook
6-17
7-
(quar.),,,,,
(quar.)
Corp.
Smyth
—
Life
(increased
$1
4%
6-14
6-16
6%
preferred (quar.)—,,——.—
Massawippi Valley RR. Co. (s-a),
1
7-
Johnson
Fairmont
I
6-30
$2.75
62>/2c
(quar.)
Martel
Sloan
6-30
(quar.)
common
(quar.)—
Marlin-Rockwell-
1
7-
preferred
Equity
6-30
6-27*
6-25
common,,,,,,,,,
Rubber,
&
Water
7-15
Oil
6-16
Calculating
Marchaot
Sinclair
6-20
1-\ 1
(quar.),
25c
Manufacturers
(Toronto)
15c
—
-
Tire
6-12
25c
(quar.)
preferred
6%
7-15
&
(increased)
Canada, Ltd.
of
Sherwin-Williams
6-30
$1.25
—,,
Oil & Gas
6-14
19c
30c
B
1
37'/2C
Royalty
Co
Mfg. Co
Marion
-
Company,
B
—
Clock
Mansfield
;
$2 convertible preferred
(quar.)
Eaton Paper, 6% prior preferred (s-a)
-Ecuadorian Corp., Ltd. (Bahamas)—
Ordinary (quar.)
Elder Mfg. Co.1 (quar.)
•Electric ' Storage Battery-—;
Elizabethtown
Water
Co.
(s-a)
■
Elliott
6-14
(quar.)
A
Class
1
Inc.—
(quar.)
Steamship
Class.
—
a—^
—'——a-;
—-
7-15
-
class
Co.,
Shamrock
25c
7-
15c
Shaler
$$4
Lipe Rollway Corp., $1 conv, pfd. (quar,),,
Louisville Gas St Electric Co. (Del.) —
1
Oil
t$3
———
7-
7
6-
6-10
5%
$1.37Va
——
$5.50 pfd. (quar.)
preferred (quar.),,—,
Industries,
Stores,
50c
Lion
6-30
Eastern
7-21
1
$2
Union Statioq, 4% pfd. (s-a)—.
(C. W.) Ltd., 6»/2% pfd. (accum.).
$2
$1
8-
Inc.
15c
,
Shaffer
5C
—_
-
—
Fire
Selected
2
Share
Shares
American
Selected
7-
(quar.)w„„„„...„.,
'Djlxie Home Stores (quar.)
———J.,,
Dominguez Oil Fields (monthly):
Dominion
7-15
6-18
7-15
8-
96y4C
8-15
20c
_—_
debentures
$8
1
6-25
37y2c
(quar.)
(quar.)
common
Lexington
4y2%
Rubber,-common
&
Name of Company
Payable of Rec.
$3.65
pfd.
(irreg.)
Corp.,
preferred
(quar.),,
Share
,
3.85%
Co.,
Corp.
Stores
preferred
(quar.)——_
Co., class A (quar.)—
Tire
preferred
(James)
4ya%
■
Company
St
(3211)
7- 1
7- 1
7-21
7- 1
7- 1
6-30
6-23
6-14
6-14
6- 6*
25c
75c
25c
25c
40c
6- 2
'
6-20
6-10
6-20
6-14
52
THE COMMERCIAL & FINANCIAL CHRONICLE
(3212)
•M-:
1
•
Name of Company
"V.' *
-
-
Share
...
Holiert
*
payable otRee,
.v'
Altoona
&
'Semi-annualiy
:
yfcluminum Co. pf America
t
,
75c*
6-25
93 3/4 c.
7- 1
'
'
^
Series
Extra;
•
■
Chain
5%
&
6-16'
1
60c
6-16
6-13
7- 5
7-1
Avery
7-
7- 1
!40c
5
Class<B
Avondale. Mills
75C
7-1
6-10*
Axelson
6c
6-28
6-11
Ayrshire
6-11
6-28
2C
|2.75 'class
:
1
7-
!-
Babbitt;.' (B. T.),* Inc.
Badger Paper -Mills..
Baldwin
6-16
6-
8-30
6-16
68%c
7-1
9-15
9- 2
30C
7-
6-17
7-
1
25c
7-
1
pfd.
American
International
American
Locomotive
7- 1
6-20
7%
6-25
6-11
Barcalo
Corp.
6-16
7-1
6-16
6-16
5-13
6-16
5-13
$1,183A
7-
6-
25c
7-
6-20
$1.50
$1.50
7-
6-20
3.90%
preferred
American
(quar.)
American Molasses
preferred
1
7-
4%
4
American
News
6-20
-
7-
6-18
10c
7-
6-14*
2c
'
7%
7-15
7-25
6-15
6-
2
6-27
6-13
7-
1
6-
7-
1
6- 5*
H
tO
5*
97 %c
7-15
6-30
6-14
$3
•. B.
$4 preferred A
$6
preferred
American President Lines—
v-.
&%
Radiator
Common
American
69-
6-16
6-16
6-
6-16
66-
common
Telephone Co.
Aviation
Limestone
7-
6-
1
1
6-
6-20
5
6-10
7-
Bliss
(E. VL)
6-17
Bliss
&
6-20
1
6-13
6-
1
6-13
Bloomingdale
6-27
6-13
Bobbs-Merrill
Co.,
7-1
6-5
Bohn Aluminum
7-
1
6-5
Bon Ami Co.
15c
6-30
6-18
30c
;
7-
1
6-16
12yzc
Oil,
Class B
Cotton
6%
7-1
6-10
6-
-
preferred
Common
Common
7-15
7-
7-
1
6-16
10c
8-
1
6-13
$1.25
8-
1
7-11
7-7
Arizona
($5
(s-a)
Edison
(quar.)
Arkansas-Missouri Power—
:
New
Arkansas
Class
A
B
?4%%
convertible
Armour
$6
&
Co.
10-22
1-21
60C
40C
6-24
7-31
7-31
7-
pfd,
6-30
6-30
6-10
6-30
6-23
12-23
12-19
6-16
6- 2
45c
1
6-16
6-30
$4
Bruck
$5
5-29
Hardware
H.)
(quar.)
—
Co:,
Buck
7-
1
6-17
Buffalo
$1.50
7-1
6-10
Building
12 Vac
6-24
6-10
65c
7-
6-5
20c
6-30
6-
6
6-30
6-
6
7%
Bulova
5%
Topeka
non-cum.
Atlanta
& Santa
preferred
Fe
(s-a)
6-16
5-31
6-16
5-31
5%
—
$2.50
8-
1
1st
Laundries, Inc.—
preferred (s-a)
$1.25
7-
1
$2,50
2nd
$2.50
7-
1
5%
7-15
$3
6-25
Atlantic
City
Electric
Atlantic Refining Co.,
4%
preferred
3.75%
pfd.
B
A
common
(quar.)
(quar.)
(quar.)
30c
37 %C
6-16
.
6-21
5-21
$1
8-
1
7-
933/4c
8-
1
7- 3
...
$1.50
6-30
6-24
81,50
6-30
6-25
7-25
7-15
$1.12%
7-
1
6-20
7-
(quar.)
...—..
1
6-13
7-15
62 %C
7-31
6-16
6-
25c
7-1
6-16
3
7-16
$1.25
6-10
6-'2
1
n
'$1
6-30;
'U.
Co.—
$3
5-31
7-
$2.50
-Mir;
...
7-
6-30
20C
;__L;
5
2
1
6-i6
6-2
7-
!
■'
25o
6-16
1
*
ir
7-1
3iy4c
50c
»
6-16
6-20
7-
60c
6-6
6-
1
7
$1.50
6-30
6-20
$2.50
——•
6-30
6-20
$$1.50
7- 2
6-
25c
6-30
6-16
$1.37%
6-30
6-16
35c
6-30
6-12
Ltd,
(quar.)
2
6-
2
93 %C
7-15
7-
1
$25C
6-16
5-19
7- 2
6-5
6-16
25C
_
425C
j
$55c
7-
2
6-30
$40C
—
7-15
6-30
6-25
$1.50
50c additional)
6-19
7-15
6-20
10C
6-18
6-
20C
7-
1
6-11
$1
7-
1
6-11
425C
(quar.)..
...—_
(quar.)-
common
2
7-31
7-15
common....^.—.—.1.
25c
6-30
6-16
6-30
6-16
93%c
6-30
6-25
I30C
6-16
5-15
preferred
(quar.)
.
common
—-
(irreg.)
Products,
—
25c
6-16
6-2
$1.25
7-1
6-20
20C
6-16
6-
______
-
...
(P.
35c
7-
1
6-12
7-
1
6-12
90c
Co.
H.)
(quar.)
7-
1
6-20
$25c
7-
2
6-
.....
A
7% preferred (quar.)
Ltd., (irreg.)—
common
stock
Common
-
Cable
Electric
2
6-13*
6-13*
Ltd.,
6-10
6-20
7-15
6-20
6-14
'»
77-
2
6- 6
6-
7-;
6-
$15c
7-
6-
7-
6-
7-
6-
7-
6r
$3iy4c
(quar.).
...
$25o
;
6-30.,
$25c^.
r$433/4C
„
6-14
6,-60A v.
450c..
(quar.)
common
2
6>-14
6-30
6-14
Canadian
7-31
6-26
7-
6-5
Converters, Ltd., class A (quar.).
$18%o
Cottons, Ltd., com. (increased).
$55o.
6 % preferred
(quar.)
$30c
Canadian Food Products, Ltd., com. (quar.)
$183/4c
$1 convertible class A (quar.)
$25c
4% % preferred (initial)
$$1.12%
Canadian Foreign Investment Corp., Ltd.—
478C
Quarterly
Canadian
General
Canadian
Industries, Ltd., common (quar.) -
7%
Electric
(quar.)--
2
—
6-17*
4%
preferred (initial)
preferred (quar.)
preferred (quar.)_^
8%
5%
Canadian
$1.50
Silk
class
Products
Canadian
Wirebound
Cannon
Mills
6-30
6-13
6-27
6-13
$2C
6-25
$4
Ltd.
*
(s-a).—
common
,
Carrier
General Corp.
4%
preferred
Central
Investment
7-
3
6-6
7-
3
6-
50C
Paper
Patricia
Central
40C
I
6-12'
7-
1
6-12'
7-
6-
2
10c
6-20
6-
5
25c
6-30
6-14-
7-
1
6-14*
7-
1
6-14
$1.183A
$1.75
2
$15
6-15
6-
40c
6-15
6- X
$1
■7-
-
.
Gold
77-
Ltd.
(quar.)
6-20»
7-
6-20»
6-30
648
35C
6-21
6-
_
6-30
6-29
6-30
6-10'
6-16
6- a
6-19
Century
Certain-Teed Products Corp.—
$1.12%
prior preference (quar.)—
Paper & Fibre Co.—-
4%%
7-
1
$1.12%
7-
1
6-
Champion
$4.50 preferred (quar.j
Chapman Valve Mfg.
(quar.)——.—
Chemical Bank & Trust (N. Y.)
(quar.)
Chesapeake
Extra
Ohio
&
Mfg.
—
(Consol.)
1
6-20
7-
1
6-13
Chicago Burlington & Quincy
Chicago Mill & Lumber (quar.)
7-1
6-
6-25
6-
4
25C
...
6-25
6-
4
6-26
6-12
30c
6-30
6-14
50C
7-
1
6-1S
62 %C
7-
1
6-16-
75C
7-
1
—
Chicago Pneumatic Tool, common....—.
$2.50 convertible prior pfd. (quar.) —
$3 convertible preferred (quar.)
6-16
South Shore & South Bend RR.—
Chicago,
30C
Chicago Towef Co. com. Iquar.)....
7%' preference (quar.)
__
Chickasha Cotton Oil Co. (quar.)..__.^—..
$1.75
5% pfd. (accum.).
Securities Co., common
preferred
(quar.) —
————...
6-16
•;
$37
6- 3
; (
$5
Chipman Knitting Mills,
$1
Cincinnati
Cincinnati
Orleans
New
Co,,
5%
preferred
&
Texas
Pacific
common..—--j--
6-2
5-15
_•_*
(quar.)———.—
Railway Co. (reduced)—
Suburban Bell Telephone—
Cincinnati
&
;
,.6-30;,
•"
6-^!4»
$3
.
7%
7%
Cleveland
Builders
Supply
Cleveland Cliffs Iron,
.
preferred
$4.50
Quarries
iVl
•
IOC
1-
1.
6-16
4-26
Climax
$3.50
Co. (s-a).
(quar.)^
—
Co., common
(quar.) ———_ir
Coal
Corp
':i
w
6-201
7—1*
$1.50
7-
1
6-20:
50C
7-
1
6-25
6-25
6-13
$1.25
50c
$1.12%.
,7r,l.
7-
,
;
1
6- 2
6-
f
2
'Vi1
26c
6-16
$1.50
6-20
30C
6-30
6-16 *
25C
6-20
6-10
Co.
Molybdenum
Clinchfield
■!
6-10*1
o
__——,
6-10
-
.
"
J-6-\12
V
h'i
$5 preferred (accum.)
Cleveland Worsted Mills
\
r'
$1.75
■'■8-15'4. 8-0
$1.75
.11-15
11-10?
$1.75 3-16-48; 2410-40 (
Cleveland Electric Illuminating
Cleveland
i
50C-;>.»e««0^ r.8-10i(
(quar.)
(s-a)——
preferred
& Mahoning Ry.
$
25c^4,^l^{.;;5-2^;
50c ? ii: 7>vst'
ibry
2nd preferred
Clearfield
:f~
-'
$1.25;^'9*..^
(quar.)....—.
(quar.)—
Goods—
1st preferred (quar,).
1st preferred (quar.)—..
7% " 1st
5-26
6-16';!;
M)7-<:,l7;.h 8-16>
C. I. T. Financial Corp.
7%
v
6-14>
$1.13\,•
Ice & Fuel Co.
5;,
6-10
$1
Street
Cincinnati
6-
$1.75
pfd, (quar.).
Gas & Electric, 4%
16<"i, ^6
v;6-2p1:
'•» 6-20.
25c
Christiana
7%
6*
75C
50c
—
(quar.)
...—_—:—
_i—
7-
$3
(quar.).
Ry.
Co.
6
50c
45C
—
6-20*
$76c
5/
15C
$2C
——_———
Mines,
6-1T
1
>,74
!
,
(quar.)^—..
Co,—.—
2
6-31'
7- 1
2
7-
$1,75
$$1.75
6-16
6-15
6-
6-16
150
6-16
6-16
6-18
6-10
$350
IOC
6-28
7-1
$1.75
Products
6-16
15C
6-20
3iy4c
6-18.
1
6-16
6-20*
6-18
1
1
7-
27c
1
7- 3
77-
75c
7-
25Cv
6-16
$1
60C
$1.04
3iy4c
...
6-1T
preferred (quar.)_——.——
Ribbon Mills1 (quar.)——...—_
City
6-18
1
6% pfd. (quar.).—..
Vermont Public Service, common—
4.15%
City of Paris
6-18
6-30
7-
$1.50
Steel & Wire,
Central
6-18*
3
6
7-15
$1
Corp.
Central
Central
6-16
3
6-2
12%%
12%%
(quar.)
1
3
6-23
5C
Service—
Public
1
7-
6-18
6-20
>
Illinois
Central
7-
7-
1
1
Cqmmqjri
(quar,)
32
v
4,10%
preferred A
(quar.)
$L02%^<
4.f0% preferred B (quar.),^..:-—'.-.-'—
'<$1.02ye
Central Illinois Light Co., *4% % pfd. (quar.)
$1.12% ;
7-
7-
7-
7-
>.
$1.50
25c
6-18
1
$1
25c
—_
$1.25
25C
7-
9
$2
preferred certificates (liquidating)
Central Cold Storage (quar.)—.
—
Central Hanover Bank & Trust Co; (quar.)
Central Illinois Electric & Oft? Co—..
6-14
$3.50
6-16
(quar.)
4%
7- 1
..i.,
6-16
6-30
50c
6-10
6-18
6-
6-30
-
preferred
(quar.)..—
preferred (quar.)_._^
—
6-10
7-3
6-13
6-27
.
1st
7-21
$1.50
11-19
Central Coal & Coke—
2
6-18
8-15
1
——
(J, I.) Company com.——...
7% preferred (quar.)
Cassidy's, Ltd., 7% preferred (accum.)-.—
Catalin Corp. of America (quar.)
Ceianese Corp. of America, common—
2nd
12-
6-30
Case
7%
6-13
9-1
$1.25
Carthage Mills, common (increased)
6% preferred A (quar.)
——
6% preferred B iquar.)__——...—....
Carter
(J. W.)
Co.—
$4.75
1
25c
Ltd.,
&
6-12
7-
25C
B
Carrier
1
50c
class A ordinary (interim).
ordinary (interim)..—
Corp., 4% preferred (qqar.)
Class
6-14
6-10
7-
37 %c
—
Carolina Telephone & Telegraph (quar.)
Carr-Consoiidated Biscuit Co.
(quar.)__.—
Carreras,
1
2
37%o
(quar.)——
preferred
5-31
7-
50c
________
(quar.)
7-
$1
(quar.)
Co.
Co.,
1st
6-20
6-30
$37%c
435c
$37V2C
(Philip) Mfg:. Co., common_.______.
preferred
(quar.) ____________—___
Carnation
6-20
>$$1,25
(quar.)
Carey Baxter & Kennedy___-____
Carey
5%
6-20
$$2
—
Boxes,
Co
Carborundum
5-22
1
$88 7/10c
;
______
Capital Transit Co. (quar.)
Capwell Sullivan & Furth OakPreferred (quar.)
Preferred
(quar.)
—
7-
3
6-14
1
7-31
A
Canadian
6-20
7-
7-
Corp.—
(quar.)
Westinghouse Co.
8-1
.
5-30
B-St
Ltd.—
new
15C
$2.50
7-1
7- 1
7-15
Co., Ltd, (quar,).
Canadian Malartic Gold Mines, Ltd. (s-a)Cos.,
6-30
$$1.75
$75c
(quar.)
IngersollrRand
Oil
5
5-30
7- 1
$17%C;
preferred
Canadian
6-
7- 1
$$2
—
2
7- 2
.
30C
$15c
;
Caldwell (A; & G. J.)i Inc. (s-a)
Calgary Power Co., Ltd. 6% pfd
5-30
6-13
7- .2
45c
Ceianese
25c
$5 partic. class A (s-a) __.
partic. preferred (s-a)___._
partic. preferred (s-a)
Participating
5
5-23
6-
7-25
$50c
preferred (quar.)
preferred (quar.)...."
7-1
common..
preferred (quar.)..
non-convertible preferred B (quar.)..
non-cum.
6-5
6-
r '
.
$1.75
50C
—~.
Company,
$1
Ry.
(quar.)
convertible
Class
2
$1.75
(increased).—_____
Ltd.
Canadian
■
$$1.25
,
Participating
Chesebrough
90C
com.
6-16
$5c
Canners, Ltd.- com.
non-cum.
pfd. (quar.)
Participating
5% 1st preferred (quar.)
7-15
$1
(s-a)
Ltd. (quar.).—
Ltd.—
Co.,
6-14
6- ft
6-16
.
,
•
(quar.)..
Electric "Corp.—
preferred
(quar.)
$7, non-cum.
(quar.)—,—
6-18
Niagara
Byrndun Corp.,
6-21
(accum.)
6-30
(quar.)
Butterfly Hosiery,
6-27
$2.50
preferred
6-18
(quar.)..
Co.
Butler Water Co.,
Ry. Co.—
(s-a)
5-26
8-30
Ltd..—..—.—
Co.
Watch
Butler
6-12
10c
-
6-16
25c
Brothers
(quar.)
Burd Piston Ring Co
.—
Burlington Steel Co., Ltd. (quar.).
Burnham Corp.; 6% pfd. (initial s-a)_—_
Bush Terminal Bldgs., 7% pfd. (accum.) ...
6-10
6-30
50c
Astor Financial Corp., class A com.
Class B common (s-a)
Atchison,
1
10c
-
56V*C
.-I....
Bunte
Ltd.—:
Associates Investment fauar.)
6-11
7-31
Note
(quar.)-
preferred
3.60%
7-
Co.,
Oil
Bucyrus-Erie
6-17
6-17
$15c
4
5-31
:
$3.60
Mills,
Creek
1
*
——
L.)
preferred
1
1
6-
37 %c
Rubber
&
Bruriswick-Balke-Collender,
7-
——
6-4
6-30
(quar.)....^
preferred
593/eC
—
6-12
6-16
6-16
'■».
6-16
2
6-15
Power/ class A (quar.)._.
($1 for the first two
Co.,
Silk
7-
10c
(J.
(E.
25c
'
6-30
7-
30C
50c
Shoe
25C
quar.)——
2
50c
Distillers,
preferred
Bruce
6-14
6-13
6-
(quar.)..
pfd.
pfd.
of this year and
Brown
6-16
6-30
933/4C
—
(accum.)
6-16
6
50C
(initial)
Columbia
Brown-Foiman
5-31
15c
—
■
6-21
7- 7
-•
6-15
15c
(quar.)
prior preferred
7- 1
7-26
20c
Brooke
*
7-
5
—
Brompton Pulp & Paper Co., Ltd.
(E. & G.) Iron Co. (quar.)
9-24
12-19
25c
„——_
9-30
12-23
preferred
quarters
6-23
$1
$1
$3
(quar.)——
—
A
6-
Brockway Motor Co,
'
Class
6-16
Columbia Electric Co.,
British
6-20
$3
Constable
Ashdown
6-16
—
(irreg.)—
Oil
4%
6-24
1
$1
—
Corp
iL'Arrow-Hart & Hegeman Electric Co.—New common (initial)
Asbestos Corp. Ltd, (quar.)
•
6-30
2%C
common...
Bank
British-American
'
Arnold
6-16
(quar.)
British-American
3%%
(111.)-—
convertible
6-3
British
—a
preferred
6-30
....
(Conn.)—
(quar.X—::
(quar.)...
7-15
Traction
6-17
$1.25
Armstrong1 Cork Co,, $3.75 pfd.
'Class
6-10
7-31
$1.05
....
6-17
Arkansas Western Gas Co.; (increased quar,)
Armstrong Rubber Co.
6-30
81!/4C
Corp., class A common (quar.)
6-30
$1.75
—
(initial)
Natural Gas, 6%
6-16
56V4C
HoSe
6-30
——
common
7-15
50c
Light & Power, Ltd.—
6% preferred (quar.)
—
—
Bridgeport Brass Co. com,...
5%% conv. pfd. (quar.)
Bridgeport Gas Light (quar.)
Briggs & Stratton Corp. (quar.)——___.
Bristol-Myers Co., 3%% preferred (quar.).
7-22
1
10c
(quar.)
preferred
6-25
Woven
25c
1
Co., common
6-12
30c
_______
Co.,
-
1
....
60c
6-12
1
W.)
535/aC
—
—«
1-^,
\
$1.50
11-1
$1.50
$1.50 1-31-48
_
—
—
1
7-
$3
6% pfd. (s-a)—
:
Botany Worsted Mills, Inc„ class A (quar,).
$1.25 preferred
(quar.)
—___________
Bower Roller Bearing Co._____.——
i
Brach (E. J.)
& Sons (quar.)—
Brazilian
6-14
8-
75C
-
5-31
7-
& Brass
Extra
6-27
6-30
2
6
60c
(quar.)
Wharf
(s-a)__
450c.
$15c
$$1.75
$$2
.,
(increased quar.).
Canadian
5-31
....
Corp
Albany RR.___
Boston Elevated Ry. (quar,)_.
Brandon
6-27
7-7
10c
—
(quar.)
common
1*
75c
(quar.)
—
2
30c
$1.75
,
Co.,
(quar.)
(quar.)
preferred (s-a).
6%
,,
,
5-23
6-20
6-
$$2
&
Boston
5-31*
'
$2.25
common——
Mills
$25C
1
25c
(quar.).
4V!i%
preferred
non-cum..
Canadian
7- 2
(quar.)..
(extro)
Class A
(George
Boston
16-20
1
$1
—
Apex Electrical Mfg. 7% prior pfd.
Applied Arts Corp. (irreg.)
7-
$1.50
(quar.)—_
(quar.)
6-16
6- 2
An^o-Newfoundland Development (annual) _
Arcade
7-
$15c
_______
Bondholders Management, Inc., class A
Book of the Month Club (initial)
6-6*
7-1
$1.75
—
preferred
ll
7-15
—_
—
7-
$2.25
53 %C
(quar.)
,
4V4 %
$$1.50
$$1.75
Bros.
—
Inc. (resumed)
Anaconda
Copper Mining
(increased)—
Anchor Post Fence, 6 % prior pfd. (quar.)
6% prior preferred (quar.)—
6%
prior preferred (quar.)
Anderson-Prichard
7-
(quar.).....
...
5%
preferred (quar.).
Bloch Bros.'Tobacco, 6% pfd.
6%
preferred (quar.)____
5%
Canadian Breweries, Ltd.
9
50c
Co. $2.25 conv.
6-27
$1.50
Amoskeag Company, common (s-a)———
Metal,
6-
1
Cement-^
Laughlin, Inc.,
50c
_
(quar.)———
(s-a)———..
6-14
7-
....
Mfg.
Co.
$7
pfd.4(quar.) —
preferred
Decker
&
$1
______
preferred
6-
7- 2
35C
preferred
(quar.)
Oil Co.
(quar.)..
Bishop
; 5-15
!
1
7-
25c
$1.13
com,—
Co.——
6-23
6-20
Black
6-16
7
$5
6-20
Black-Clawson
7-15
American Zinc Lead & Smelting, common—
Ampco
6-14
1
6-16
7-15
„
preferred
6-13
1
$1.75
$4.25
6-13
1
7- 2
7-
$1.25
-
1
7-
7-
5-23
50c
pfd. (quar.)
Surety Co, (s-a).
______
American-Telephone & Telegraph Co. (quar.)
American Thermos Bottle, 4'A.% pfd. iquar.)
American Thread Co., Inc.,. $5 pfd. (s-a)
American Tissue .jMills, 7 % pfd.; (quar.)
prior
7-
$50c
50c
American
convertible
50C
84%c
$1.50
Borg
$5
6-16
6-
Boston
7 %
6-16
1
6-6
5*
Co.
1
7-
1
6
Wringer
7-
7-
6-
Woolen
6*
$1
1
^Canada Malting Co.r Ltd. (quar.),
: Canada Northern
Power, common (quar.)
7% preferred, (quar.).:
Canada Permanent Mortgage Corp. (quan).
Qanada. Steamship Lines, Ltd.—
1
6- 6*
6-16
6-24
6-
American
7- 2
$1.75
7-2
American
6un
(quar/)
7-1
6%
1
25c
(resumed)
Bethlehem Steel Corp., 7% preferred
Bibb Manufacturing Co. (quar;)
6-30
25C
—
Products
7-1
6-14
6-27
Birmingham Water Works, 6% pfd. (quar.)
Birmingham Electric Co.,. common..—.
1
35c
Co.,
7-
50C
50c
Canada
&
6f 2
Canadian
preferred (quar.).....
Foods, Inc. (s-a)
6-30
$1.12%
—
Vitrified
60C
J$U2%
quar.)
Corp.
6-16
15c
7-1
(s-a)
75c
Forjge Co., 5y2% coriv. pfd, (quar.).
v
34%c( . >' 1
7-2
ICahada Bread Co.; Ltd., "commdh.......-^.
/-410c
7- 2
.;
4yi%' 1st preferred (quar.)..__..-_.—--T4$1.12y2il
7- 2
6%
class B
(quar.) ____________—$62
6-20
Canada Ceihent Co., Ltd.," $1.30 preL (quar»J,
432%o ;
;e-2o
-Gapada-Crushed Stone, Ltd. (quar.)..——
$10o;
7- 1
Panada Dry Ginger Ale, "common
15c
7- 1
•t
$4.25 : preferred (quar.) __—
$1.06 %,
Canada Foundries A Forgings, Ltd.— >■,
'
6-16
;
Class A (quar.) .................j..
'»• $37%C
Canada» Machinery Corp. (s-a)
6-28
426c
Camden 6? Burlington County Ry. Co.
8-16
$1
4%
American Stores Co.
American Sugar Refining, 7%
Tobacco
6-30
$50c
(quar.).
Brewing
.
—,——i..—..—
Camden
6-30
Corp..
preferred
50c
———
American
7-15
,
^.k__
(quar.)..
20c
(quar.)
________
Co., $3 pfd. (partic.»;
American
of
^rregular".
5-31
2 Vic
_______
—
6-17
50c
Co. com.
(initial
,
Calumet & Hecla Consolidated Copper—
5-31
quar.)
Belding Corticelli, Ltd., common (quar.)...
7% preferred (quar.)...
Belgium Glove & Hosiery Co. of Canada,
Ltd., common (quar.)
1.
5% preierred (quar.)...
Best
5
$1.25
preference'
American Snuff Co., common
(quar.)
6% preferred (quar.)
American Stamping Co.—American States Insurance (Indianapolis)
Quarterly
_________
1
6-15
1
7-
Co.
non-cum.
6
6-5
6-16
25C
B (quar.)____„
Creek RR. Co. (quar.)
Beech-Nut Packing Co.—
4.20%
J.)
7-
25c
Sanitary—
(N.
6-
1
t25c
12- 5
12-15
Co..
American Ship Building Co.
6-16
7-
45c
Beech
Berghoff
6
$1.50
...
American Service
6-10
$1
Bessemer
6
9-15
$1.25
_
American Rolling Mill Co., common.—.?
4%% preferred (quar.)
...
American Safety Razor (quar,),—_____
7%
3
6-16
$1.75
—
...
5
6-10
7- 1
$1.75
__—__
$3.25
1
(increased)
Screw
1
6-16
$1
(accum.)
Standard
&
Reserve" Insurance
American
7-
7-
37MiC
——
class A
(quar,)—-.
preferred
non-cum.
7-15
$1.75
$1.75
(quar.)
__
American
6-2
37'/aC
(quar.)—
$5 pfd.
(accum.)
American Power & Light,
•
6-16
40c
Class
,,i,
6-
1
7-1
12 %C
Beneficial Corp., $6 preferred (s-a)
Beneffcial Industrial Loan Corp. (Del.)—
6-16
6-27
20C
25C
Corp.,
7-
$1 '
(quar.)
Common
—
—
& Chemical
12- 6
$1.25
Foods Co., common (quar.) _L_
-3%% convertible preferred (quar.)
Beatty Bros., Ltd., class A (quar.)
'■» .Special-'.
'
Bendix
6-30
50c
...
—i-__.
(quar.)
1-2-48
Works
pfd.
New
35c
•09-
1
Co.
preferred
9-9
•
•
Class
6-15
6-25
2c
American Optical
American Potash
10-1
.
25C
■
...
(bi-monthly)
Co. (quar.)
—
.American Paper Goods Co., 7 % pfd.
7% preferred (quar.)
6-10
Beatrice
:
Bell
(s-a)
(increased
Co.
Bausch & Lomb Optical
American National Finance Corp.—
$6
6-11
7-1
Corp....
(Ludwig)—
'..7
Ludwig Baumann & Co.)
(See
20c
I
6-14
15C
.
Iron
6-10
$$1.75
Manufacturing Co., common....
.•4%% preferred (quar.)
Bath
1
6-25
Baumann
25c
(increased) j.
(increased quar.)...
Co.
1
$1.50
__
Products
Metal
6
7-
6-30
8%©
1—
(quar.)_„__»«
Bates
common—-.
1
(quar.)
(s-a)_.
Bastian-Blessing
6-13
8-9
75c
.
-
6-25
-
8%C
8%0
Co
1
7-
$1.50
75c
preferred (quar.) _______
American Machine & Foundry—
Mfg.
18
$1.12 Va
Delaware—
7%
?
6-30
preference
T Per > When Holdert
> Share
Payable of Reo: ?
Name, of pov^y any
6-20
6-10
California Ink" Cos-' .(increased)
.
,, $1,
: California, Pacific Utilities, common (quar;).: ' ;
6-16
6-2
50c
ft%,. preferred;' jtquar.)
6-16
V.f • 25c •>
A'i6-,2
7—i'1'af
California .Water. Service (quar.)l-^..y.^
" 50c
.
,
40c
(monthly—
Co.,
4
25c
r_
prior
6-
6- 4
_________
Conv.
6-17
7-1
—
of
.7-9
$1
-
12VaC
—__
Corp.
(s-a)__
1
$1.12 »/a
,
Insulator
6-25
506
x._
...
-
30c
Crystal
American
6-14
7- 9
30C
(quar.)_
COr__
preferred' (quar,)
^Bangor & Aroostodk RR., $5 pfd, (quar.)
Bangor Hydro-Electric, 4% pfd. (quar.)__L.„
7%
preferred
(quar.)
Bank Building & Equipment Co.
Bankers Trust Co.-(N, Y.)
(quar.)
;
Barber Asphalt Corp. (quar.)
—
Bafber
(W; H.)
Co
Barber-Ellis Co. of Canada, Ltd.
(quar.)
6-10
Colotype
Monthly
Locomotive
convertible preferred
convertible preferred
7%
«
series)
American
Hydraulics, Inc.
6-14
Baltimore^ Porcelain. Steel—
5
American
American
6-16
6-30
•>
$1.20
6-20
6-18
1
7-
.
30c
7% .convertible
l/16th share of class B stock
(quar.)
_____
__
Sugar,
common—
4%%. prior preferred
(quar.)
•
American Cyanamid, common ; (quar.)
—
&
5%
preference
(quar.).
American Discount Co. of Georgia (quar.)
American European Securities,. common—,
f.
$4.50. preferred B (quar.)_——1—
American Express Co.
(quar.),,
: American. Pelt
Co., common (quar.)
6%
preferred (quar.).__la—L__
American Gas & Electric—
% Common (reduced quar.)
_____
i; Stock dividend l/50th share of Atlantic
rj
City Electric common for each share held.
.lit 4%%
preferred
(quar.)
American Hair .& Pelt, common
j-; 6%
1st preferred (quar.)
j»: $6
2nd preferred (quar,)
American Hardware Corp. (quar. j
American Home Products (monthly)-
6-30
-
50C'
•
6-14
6-10
7-1
V37%c-
1
6-25
156*
6-5
Cash or
:
(quar.)
(quar.)
(quar.)
7- 1
...
—*
7-
50c
7C
Mfg. Co. (quar.)
Cblleribs Corp.
j
.
.Extra-'
6-1-2*
7%
dividend
(optional
A
6-14
(mopthly)
-
6-16
$3
$1.50
Quarterly
6-16
7-1
-410c
35c '
,
6-30
U5c
Co., common
(B, F.) & Sons Co., 6% pfd.
Products, 4% preferred
6-10*
$1.75
Light Corp.—.
56»/4C
(quar.)
1
7T
„
5-28
r.
CO.—: :
(quar.)
Co., Ltd.— ,
class A * (quar.)
$1:25:
Cities Power &
American
6-20
Products
Avon Allied
,
(quar.)
preferred
6%
40 c ;
*
Autocar
25c
_
Per.... ^WheHolier*
Payable of ftec.
Share
►
preferred
participating
6-27
..American Cigarette & Cigaivv
A'
Fabrics
7-. 1
$1.75
pfd. (quar.)
(quar.)
preferred
1
Auto
5c
Pipe Co., 6% pfd. (s-a)
Cable com. (quar.)
American Cast Iron
American
6-10
,.:50C
----■——
.American-Can Co., 7%
,
7-
750
,
■<
6-6
.
preferred (jquarJ
^Amalgamated Leather Co.6%- pfd.. (quar.)—
Amalgamated Sugar Co. (quar.)
---—
American Agricultural Chemical
(quar,) —
American Air .Filter com., (irreg.)——-——^< $7 preferred (quar:) —
———
American Bans Note, common
■; - 6 %
preferred.1 (quar.)—
~--t—•
..American-Business Credit, class.A (quar.),
$3.75,
.
Name of Company :
Atlas^ Corporation (quar.)
Atlas Imperial Diesel Engine
Valley Electric Ry. Co.-1-
Logan
'•
,
Monday,, June M, 1941
....
When
Per
Co.—
__:
;
,
t1 •' (?. t
Volume «iM Jf&mfeer-!-«£H
V *
<'»
■■■,<■'
NamedfCbtnyany
f<f
When
Per,
'
w
,,
Holder«
Per
-ghare^Payable ofBee.
.
Name of Company
j
When
Share
(3213)
'Clinton Industries,
(mont'hiy) J_-______
Inc.
<
Monthly.
C'i Monthly
>.v
Monthly s.
1
Monthly
Monthly
Monthly *
a
I
___
•Cluett
7%
Coast
•
-20c
.
12-1
12-15
6-25
6-14
Co. ; (quar.) __—35c
Gas
&
preferred
Electric—
/
50c
;
6-25
<•«
$1.75
•
7-
'■
-
(quar. )_>____
$3 olass A (s-a)
Coca-Cola International
Class
A
a
::
Cochenour Willans Gold Mines,
$2
•
k
A
6-12..,
Diamond
1
7-
.
1
1
-
'
6-12
6-10
1
11-
T. Motor
s-a)_
B
$2
,81
Dixie
&
Iron
(quar.)—
15c
Co., common (quar.):
50c
preferred
(participating)
Commercial Alcohols, Ltd., common
(quar.)
8%
preferred (quar.)
L—:_i
Commercial Credit Co;, common (quar.) _jj..
3.60%
preferred
&
Solvents
7-
50c
7-1
$5c
$10c
$3
preferred
Coke
6-30
7-
6-308-
Consolidated
7-
*
1
*
7-
6-16
Dominion
3
6-13
Class
Dry
Consolidated
6-16
6-
.''
'
Dominion
5-15
"6-15
7 %
6-10
0-15
<
Paper,: 4 Va %
Dow
6-13
Dow
6-16
Dravo
Co.
(N.
6-
2
6-16
6-
2
Dresser
Industries,
6-5
Dryden
Paper
7-
1
6-20
Duke
7-
1
6-20
7%
10c
10-
1
9-20
7-1
6-6
50c
6-30
6-13
Dun
Ltd.—
25c
Y.)
7-
40c
1
8-
du
5-
9
class
A
6-13
12 %c
6-15
5-26
40c
6-30
6-16
East
5-30
Eastern
9-
1
8-21
Eastern
7-
1
6-13
6%
$5c
7-
Stores, Inc.,common
(quar.)
preferred
Consolidated
Steel
53c
Corp
Co.,
$2.50 pfd.
Gas
Co.
(initial
quar.)
Continental
Steel
Co.,
4%%
Co.
pfd.
7-
1
6-13
6-30
6-16
25c
$1.37%
25c
Co.,
Inc._j._i.'
Coos
$5.25
preferred A (quar.)
Corning Glass Works, common (quar.)
3% %
preferred (quar.)
Cosden Petroleum, 5% preferred (accum.)—
6-16
6-30
preferred
3rd
Common
Ltd,
3%%
$3
$3
$10c
preferred
(quar.)
Cross Company 5%% conv.
Crosse
& Blackwell
Co.—
7-
2
6-16
6-
6
5-28
6-14
6-14
6-16
6-
2
6-23
6-
6
"35c
7-
1
6-10
7-
1
6-20
(quar.)
13%c
(quar.)
25c
(quar.)
55c
Crown
$2
Cork
&
Seal
&
7-
7-
1
6-20
Cuban
Forster,
preferred
Cuban
Coal
preference
7-
1
6-18
7-
1
6-18
$2
$1.25
25c
'
75c
&
$4
pfd.
&
(initial
Delaware Railroad
Delta
Electric
pfd.
quar.)
7-21
7-1
6-18
7-
5
6-6
6-10
&
9
5-26
6-16
5-26
6-30
7-
1
of
Ely
&
Dry
Goods
1%
(s-a)_
Mexican
Co.,
Realty
the
$3
non-cum
preferred
(D. B.) & Co., 6%
Fundamental
Investors
1
5
6-
5
1
Garfinckel
5%%
6-17
6-17
6-25
6-25
6-16
$1.06%
7-
1
6-16
6-16
7-
1
6-15
6-20
6-
6
6
6-16
5-16
6-10
6-16
7-
6-
2
1
6-13
60c
6-30
6-13
7-
1
6-13
7-
1
6-20
6-16
6-
6-30
6-20
6
7-
1
6-10
•
$4.50
preferred
Baking
Brewing
General
General
Controls
6-20
General
6-
General
6-23
6-
$1.60
7-
1
6-20
Railroad
5%
Co.
92y2c
$1
(s-a)
$1
6-20
6-30
2
5-28
6-10
Finance
7-
IOC
1
5%
:
1
preferred
(quar.)
Textile
65C
1
6-16
1
6-10
(quar.)
6-26
6-
2
6c
Fajardo Sugar Co. of Porto Rico (Increased)
Family Finance Corp.—
Common
(increased
quar.)
7-
2
6-17
2c
7-
2
6-17
50c
7-
2
6-16
preferred
A
(quar.)
Famous Players Canadian
Corp., Ltd.
(quar.)
Extra
7
Class
6-
7
Class
B
Class
B
6-
7
$20c
6-21
6-
7
7
$5C
6-21
6-
37 %C
6-30
6-14
Farmers & Traders Life Insurance Co.
(Syra¬
cuse, N. Y.)
(quar.)
j
$2.50
7-
1
6-16
10-
1
9-16
10-
1
12-23
Farrel-Birmingham
Extra
:
Co.
(quar.)
.
25c
7-
2
6-20
25C
7-
2
6-20
4% %
Gillette
2
7-
1
6-21
7-
1
6-20
7-1
6-3
7-
6-20
1
6-23
1
A
6-7
7-1
6-7
6-30
2
6-20
6-25
6-10
31 %c
6-30
6-16
6-16
5-14
7-
1
6-16
7-
1
6-16
7-
1
6-16
7-25
6-20
5c
7-15
11-25
11-10
6-13
5-29
7-
7-
1
1
6-19
$1.25
7-
1
7-
2
6-16
7-
1
6-19
7-
6-21
1
6-10*
$1.25
7-
1
6-10*
$1.25
8-
1
7-7
9334c
8-1
25c
25c
$1.50
$1.37%
7-
7-7
"
1
6-16
7-1
(
6-16
6-30
-
6-17
6-25
6-
8-
1
6-30
8-
1
6-30
9
$1
common
8-1
6-30
25c
7-2
6-2
$1.50
7- 2
6-2
50c
6-27
$20c
8-15
7-17
8-
7-3
$$1.25
1
6-
3
50c
6-30
6-14
40c
7-
1
6-18
7-
Corp.—
quar.)
$1.06%
(quar.)
class A
(quar.)
1
6-18
6-30
6-20
6-30
6-20
81 %c
(quar.)_
$1.06%
93%c
pfd.
(quar.)
preferred
6-
7-1
25c
(quar.)
(quar.)
6-30
6-20
15c
7-
6-14
1
15c
n
Co.,
1
7-
1
6-14
10-
1
9-15
25c
7-
1
$1.50
7-
1
6-13
$1.25
7-
1
6-13
9-18
6-14
21 %c
common
(quar.)_
10-
15c
15c
(quar.)
(quar.)
Products
6-16
25c
(quar.)
Safety Razor. $5 preferred
Dleaner Harvester
Corp. (quar.)
Extra
5-31
-> 7-
•
75c
Georgia Hardwood Lumber (initial quar.)_
Georgia Power Co., $6 preferred (quar.)___
$5 preferred (quar.)
Gerber
$2.50
(extra).
&
preferred
6-
1
25c
5-31
12V2c
(quar.)
Brewing Co.,
1
Fanny Farmer Candy Shops, Inc. (quar.)
Quarterly
(quar.)
(quar.)
Rubber, 4%%
preferred
(quar.)___
7-
7-
5-31
'
75c
.
$1.75
preferred
Instruments
preferred
6-23
56 %c
;?
-!■
$$1.25'>-■♦•'7- 1'
$$1.38^-7-1
50c
common
Signal Co.,
(quar.)
(increased
Tire
30c
6-10
1
(quar.)
(quar.)
Telephone
Time
40c
Extra
6-14
10-
3%%
Genesee
6-10
12-23
4%%
33A%
$30ci'i>7
t
25c
Steel
General
General
'
25c
preferred
Railway
Common
15c
Printing
6-2
30c
Co.
(Increased)
Wares, Ltd., common (quar.)_
preferred
(quar.)
General
6-10
6-25 "1
37 %c
Refractories
5%
6-30
7-
6-20
25c
Equipment
$6 preferred
preferred
General
7-
.
Portland
convertible
General
6-16
6-16
6-16
20c
(quar.)_
pfd. (quar.)
Cement (initial) X..
preferred
6-18
(Syracuse, N. Y.) —
Extra
4%%
11-15
6-30
6-30
6-30
2c
2nd
Precision
7-16
25c
Corp.
1
37%c
9
34%c
$2
quar.)
Public Service,
6-27
30c
(quar.)
Semi-annually
Fabien
12-
12 %c
6-1#
1
15c
common
com.
General
$4
6-
6-13
7-
62 %c
(quar.)
Motors
General
2
6-16
6-30
$1.12%
Corp.
General
6-
5
3
25c
7
6-20
6-
6-20
30c
—.
(quar.)
7
1
$1.75
7-
1
6-
40c
6-
$5.50
7-
7-1
6-16
50c
Corp.,
6-
7-
$1.78
quar.)
Transportation
5-28
6-20
7-1
—
6-17
6-30
7- 1
1
(s-a)
6-16
$1
(quar.)
(initial
(quar.)
6-23
6-
6-17
50c
common
2
6-20
6-15
50c
$1.25
Co.
Inc.,
7-
1
(increased
Co., common
(quar.)
convertible
(quar.)
Products
Excelsior Insurance Co.
6-16
28c
$1
1
lOc
(quar.)
Corp. $5 pfd. (quar.)
$3.75
preferred
(quar.)
General Paint
Corp., $1 1st pfd. (quar.)
preferred
5%
Ex-Cell-O
7-
6-16
1
6-20
20c
preferred
6%
6-10
25c
6-16
7-
5%
General
General
6-10
50c
6-30
20c
6-16
8-15
6-16
6-12
9-15
5-28
1
6-13
6-16
1
6-18
6-30
1
1
General
8-30
7-
7-
710-
$1.75
com.
$1
6-30
50c
50c
6-16
50c
6-14
15c
2
6-18
1
28%c
Electric Co.
preferred
$1.25
6-30
35c
2
7-
8-
7-
$1.50
;
$8 pfd.
Inc
(increased
Co.,
(quar.)
Eversharp,
6-30
7-
1
8-15
10c
com.
com.
5%
preferred A (s-a)
General Fireproofing
preferred
Evans
25c
25c
6-26
7-
7%c
(quar.)__
pfd. (quar.)
(quar.)
Investments
preference
6-16
25c
6-20
6-20
(quar.)
pfd.
(quar.)_L
Supply, 5% pfd.
Cigar Co., common
Coal
6%
1
$1.50
pfd.
Corp.
General
6-10
6-12
7-
lie
conv.
Co.
Machinery
Mills, Inc.
6-14
25c
(s-a)_.
Corp._
Bronze
6-20
6-30
12%c
Builders
1
7
Co.
General
1
6-30
10c
(quar.)
Extra
1
2
7-25
4c
Box
General
7-
6-16
1
75c
conv.
Co.
Bottlers,
General
7-
5
7-
35c
6-
$1.50
(quar.)_
American
General
7-
6-16
6-16
8%
(quar.)
General
Erie
$1.25
6-
American Investors—
General
20c
6-14
6-16
65V2c
of
Gaylord Container Corp. com. (quar.)__;j
Gemmer Mfg. Co., $3 partic.
pfd. A (quar.)
General
6-20
$50c
5.%
preferred (quar.)
V-5%%
preferred
(quar.)
25c
2
&
pfd.
patineau Power Co.,
6-20
6-
25c
6-
$25c
75c
Instrument
Emporium Capwell Co
Equity Corp., 20c pfd. new
9-15
2y2c
conv.
Industries, 5%
(quar.)
1
(quar.)
•
pfd. (quar.)
Garrett Corporation (increased
quar.)_.
Gary (Theodore) & Co.—
$1.60 1st preferred (accum.)
6-16
10c
(Julius)
conv.
4%%
General
com.
10-
—
Inc., class B
General
Extra
6-16
37%c
;
Company (reduced)
(Robert) Co., Inc. 6%
Gannett Co.,
6-30*
common
1
(quar.)
Fuller
6-30*
Mfg.,
(quar.)
6-16
7-
Loom, Inc.—
7-15
Electric
1
37Vac
Corp.
Industries, Inc.
of
7-15
preferred
7-
(initial)
(quar.)
60c
1%
6-16
25c
,
Ltd.
dividend tax
70c
Empire District Electric,
Empire Steel Corp._
5-31
1
common
(s-a)
(quar.)
6-20
7-
2V2c
Fruit
7%
(quarJ
1
6-15
25c
Kentucky Natural Gas (quar.)__
County Coal 7% pfd. (accum.)__
(s-a)
preferred
7-
37V2c
1
preferred
1
5V
f$1.50
(quar.)__
1
preferred
preferred
6-24
7-
Gair
Co.—
A
1
(quar.)
1st
class
6-14
7-
Gabriel
1
6-14
6-30
7-
preferred
9-20
7-
6-30
75c
6-14
6-20
7-
6-16
6-14
7- 2
7-
6-18
1
1
10- 2
...
1
50c
Paper
Canada,
Drive
6%
preferred
Friedman (Louis)
12- 1
$1.50
7-
7-
Less
9- 2
12%c
5
6-
7-
50c
Companies, Ltd. (quar.)
Fresnillo
Company
(increased)
6- 2
6-
5-29
5-29
6-20
40c
Steel
of
2nd
Co.,
25c
.____
25c
Frankfort
6-13
1
6-10
6-14
5%
6-13
7-
6-16
1
5-22
12-15
5-20
$1
7-
6-16
0-15
11-20
50c
(quar.)
6%
Drug
8-20
1
25c
15C
pfd.
1
6-16
6-30
7%c
Williamsport RR.,
Walker
912-
25c
/
;
1
$1.75
(quar.)_
17V2C
_______
7-
General
Laboratories
&
(quar.)
§
25c
1
$1.50
(quar.)
6-0
(Peter)
7-
40c
(quar.)
1
6-10
7-15
10c
California
6-3
7-
6-20
Fraser
$1.50
Consolidated
7-1
6-;
30c
Franklin
$1
Products
$1
$30c
6- 5
.
Auto
Co.
Wheel
5
6-16
'
•
7-1
7-22
6-
1
"
•
6-16
6-30
6-20
7-
•
6-13
5-31
25c
6-16
7- 1
1,
'
•
Francisco Sugar Co. (interim)
Frankenmuth Brewing Co. (quar.)
6-16
$1.12%
(quar.)
Mfg
Products
1
$1.78
(quar.)
9
75C
common
Electrical
7-
;
preferred
7-17
7-15
7-
6-15
35c
Fox
7-10
7-
6-
Brewing
(quar.)
Fox de Luxe Brewing Co. of Indiana
(quar.)
Fox de Luxe
Brewing Co. of Michigan—
Common (quar.)
7-10
7-
6-16
$2
(s-a)
Co., class A pfd,
Pressed
General
Ferries, Inc., common
prior preferred (quar.)
& Light Co.,—
$6 preferred (accum.)
$7
preferred
(accum.)
7-
20c
1%
1
-
6-8
17VaC
pfd.
Corrugated
Foundation
$1.25
$25c
6%
6-16
(quar.)
Co. (N. Y.)—
Supply
preferred (quar.)
preferred quar.)
Fostoria
Electric Power
75c
•
(quar.)
Light $3.70
7%
7%
1
6-25
$2
Co.
Dentist's
6%
6-16
8-
20c
Co
$$2.50
Co.
A
Electric
50c
Co.__
Co.
7-
6-13
50c
(s-a)
Hudson
6-30
25c
(quar.)
Inc. (quar.):
Dfefep Rock Oil Corp
Dejay Stores, Inc. (quar.)
De Long Hook & Eye Co. (quar.)
Delaware
Fund, Inc.
(quar.)
Delaware Power
Controller
6-16
25c
Records,
Delaware
6-13
$1.75
Chemical Corp.
(quar.)
Dayton & Michigan RR. Co., 8% pfd. (quar.)
Debenture & Securities Corp. of Canada—
<)5%
1
6-30
:
Davison
Decca
Gas,
Electric
Emerson
Stores
Coke
&
7-
$1.25
Davega Stores Corp. (s-a)
DaVenport Hoseiery Mills (increased)
David & Frere, Ltd. (quar.)
Davis
Natural
Auto-Lite
8 %
(quar.)—
(quar.)_—
(quar.)
Fisher
Paso
5-23*
40c
pfd.
Sugar, 5% pfd. (quar.)—
Cunningham Drug Stores (quar;)
Curtis Publishing Co., $4 prior pfd. (quar.)
V. W. G. Cigar Corp. (irreg.)
&
6%
6-16
7-25
6- 0
6-16
75c
Corp., common
prior preferred (quar.)
prior preferred (quar.)
Four
$$3
El
preferred
Kleiser
1
7-25
$1.37%
8%
Atlantic
Daniels
♦
Class
Paper Corp. (irreg.)
Eddy Paper Co., Ltd., class A (quar.)
Register Co. 5'/2% pfd. (quar.)
El Paso Electric Co., (Texas) —
Common
(initial)
$4.50 preferred (quar.)
6-10*
6-16
*
8% preferred
Sugar Co., common
American
7%
1
50c
Co., Inc.—
5%
7-
&
6-27
25c
6-15
6-16,
62 %c
Foster-Wheeler
6-13
$1.12%
9
6-30
2yac
Steel Corp, (increased)
Corp., common (quar.)
Wallace, $3 class A (quar.)
Wayne
Foster
6-13
1
Egry
Emerson
(quar.)
Crucible Steel of
Crum
1
7-
20c
Elmira
40c
Zellerbach Corp
Amer.
Crown
Inc.
Electronic
$1.50
(accum.)
preferred
7-
$1.75
6-
20c
1st
Fort
2
20c
:___
(quar.)
A.),
6-13
Crown Cork International—
class A
6%
6-20
6-
6-30
1
6
6-20
$3
(quar.)
class A
1%
Crowley Milner & Co.—
6% prior preference (s-a)
$1
pfd.
6-10
6-14
1
6-16
6
6-
6-
*
(quar.)
7%
Co.,
6-14
6-25
20c
____,
Corp.'
6-14
6-26
Foreign Light & Power Co.—
*
partic.
7-
6-24
7-
8-
$15c
7-10
v
7- 2.
,,,
$1.06%
_____
Machinery
25o
^
(quar.)__
(quar.)
B
t 25c
Fund
Elgin National Watch Co.
Publishing
50c
93 %C
35c
Fund
(Thomas
Edison
6-16
1
6-20
5-31
12 %c
Electrical
pfd.
1
1
Eddy
'
$1.50
__.
7-
7-
-
.
.
6-16
6-16
1st preferred
participating
Crowell-Collier
6-30
.
Brothers Stores—
4V4%
2
40c
of
America, Inc. (quar.)
Crompton & Knowles Loom Works—
6%
preferred (quar.)
$1
6-30
(quar.)
B
Stock
93%c
(quar.)
Creameries
1
6-20
Common
Electric
(quar.)
Company,
7-
6-16
Forbes &
Class
.
(quar,)
pfd.
;
Frontier
6%
preferred (quar.)_
;
Easy Washing Machine Corp., common A
Balance
6-16
$1.25
Food
7-1
$1.50
quar.)
Howard
6-30
(s-a)
L.),
(R.
Crane
7-1
(initial
common
Howard
12%c
87%c
New
&
6-24
Corp.—
(s-a)
preferred
Crain
"
7:1
7-15
'
6
6-1
7-2
Baltimore—
Follansbee
7-15
$1
•.
$1.12% ^
(quar.)
&
7-15
20c
2nd
6-27
7-15
6-1
7-15
30c
______
(quar.)
Shoe
6-
8-15
$1.50
Racing Association, Inc.—
Eaton
6-
Florsheim
6-16
1
7- L
20c
(quar.)
„
Power
$$1.12%
$1.50
1st preferred A
Eaton
6-10
•
Florida
Frick
(quar.)__
Edison
9
$4 preferred
Florence
Stove
5
$1.50
1st preferred A
6-16
'
2
6-
Associates—
6-2
6-
1
$1.31%
Coty Inc.
~v 6%
6%
7-
'6-23
prior pfd.
Bay Lumbe-r, 5%
Cornell Dubilier Electric—
Shoe
5-24*
6-
2
6-16
7-
35c
preferred (quar.)
Co., common
2
*•'$$1.75
6-14
80c
!___
7-
7-15
6-24
$3
Stores
7-
•
.
6-14*
25ct!!'<
'
6-12*
6-19
50o
(quar.) <
75c
preferred—50c ♦
Craddock-Terry
1
1°fo
7- 2
6- 9
$1.75,
Flintkote
25c
(s-a)
Fuel
$2 par and no par value
$2 par and no par value
Eastman Kodak Co.—
6-12*
6-16
25c
Industries
Cooper Bessemer Corp., $3
2
7- 1
,
$1.13
__-i_—»
1
7-
25c
93%c
Corp
Continental-United
7-
&
(accum.)
pref. (quar.)
Eastern
6-14
30c-.
Lines
6%
6-16
6-
(quar.)—
(Del.)
1
2
$1.12%
(Chicago) (quar.)
Baking Co., common (quar.)—
$5.50
preferred
(quar.)
Continental Can Co., common (Interim)—
$3.75 preferred
(quar.)__
Continent-Diamond Fibre
:
Oil
7-
6-16
Air
Gas
at
Corp., $2 preferred
Ltd., class A (s-a)
$1.50
preferred
6%
6-18
7-
Continental Assurance Co.
Gin
1
$$2
Continental
Continental
"
62 %c
(Toronto)
(quar.)
Consumers Power Co., $4.50 pfd. (quar.)
Continental
7-
25c
Consumers
Consumers
6-18
1
1
6-14
6-16
62 %c
.
_—
Fitzsimmons Stores,
2
5-29
1
15c
(quar.)
Pennsylvania (quar.)
Fund, Inc.Indemnity (San Francisco)-—
National
$1.25
4'/2% prior
Eastern Massachusetts Street
Railway—
6% 1st preferred A (quar.)
6-13
6-13
7-
40c
1
7-1
8-
$3
RR. Co. (s-a)
East Pennsylvania RR. Co.
(s-a)__
6-30
7-
25c
Mahanoy
25c
6-23
s-1;
-
3%
—
4%%
Quarterly
Fittings,
12%
1
$10c
4%%
(annual)
Co.
First York
50c
Bonus
$16 (Ac
6-30
87 %c
7-
(Initial)
First
8-1
$1.12%
Duquesne Light Co., 5% 1st pfd. (quar.)
Duval Texas Sulhpur Co.
(quar.)
Easley Cotton, 6% preferred (accum.)
1
Retail
(quar.)
6-13
(Initial)
Consolidated
4y2% preferred (quar.)_
Corp.
(quar.)
de Nemours & Co.—
6-13
(quar.)
6-30
75c
;
1
Extra
B
common
1
$19c
Co.
1
75c
(quar.)
3%% preferred (quar.)_
Ltd. (quar.)
preferred
of
Fireman's Fund
6-26
8-
$1.75
7-
Interim
Press,
(quar.)
(quar.)
7-
1
6-26
1>>
35c
Industrial
$$1.25
1
;
(quar.)
I.)
Co.
$1
;
preferred
International
(E.
Finance
Financial
6-17
6-16
3c
(quar.)
America
(quar.)
(quar.)
B
7-15
7-21
(s-a)__
6-17
•
6-30
L
$1.50
Publishing Co.
of
A
37 %C
(quar.)
Bradstreet,
Pont
'7-15
$25c
(quar.)__
pfd.
conv.
$1.12%
(quar.)
j
(initial quar.)
Duplan Corporation
(increased)
Dunlop Rubber Co., Ltd.—
Lithograph Mfg., Ltd.—
Paper
.____L_*r
$1.12%
Trust
Consolidated
&
Ordinary
90c
Co.,
Co.
$25c
preferred
Co.,
preferred
$25c'
$25C
(quar.)
$3.50 preferred
7-3
1
4%
Pov/er
$4.50
6-24
6-16
$1.25
Utilities
Corp.,
Dunhill
(quar.)_!
4
1
com. "(quar.)l
(quar.)_
7-1
6-30
6-30
,
pfd.
8-11
6-30
ioc
:
&
Stream
Class
Ltd.—
common
A
Co., 7%
Corporation
10c
1
Co.
Consolidated
I
Co.,
preferred
&
Finance
$25c
.
$25c
Co.,
preferred
Drug
10c
(quar.)
Investment
Consolidated
Class
6%
75c
(quar.)
Gas
Consolidated
(
Chemical
(Marshall)
Field
7-15
$$1.25
Co., Ltd.,
(quar.)
preferred
Draper
(quar.)
Canada,
Goods
Edison
preferred
Consolidated
»
Textile
Inc.,
6-18
Field
$35c
(quar.)_
com.
2—
Donnacona
7-
1
s,—^
Chemical
Donahoe's,
7-15
6-10
7-15
'•
*
40c
6-13
6-30
6-13
1
Brewing Co.—
6-30
7-15
$44c
i
J
—
&
(quar.)
6-
2
1
Coal, Ltd.-r-
0-10
6-16
6-12
6- 4-
5-29
7-
30c
annual
6-27
$$3
(quar.)j"i^
-(quar.)_____
voting trust certificates
preferred
(quar.)__*—
$1
6-16
(s-a)
C.)
8-15
6-20
10c
L,<
Enamel
Class
pfd.
com.
common
Corp.
(Bait.), common (quar.)
4%% preferred B (quar.)
4%% preferred B (quar.)
'
>
&■
Tar
Common
3
Consolidated Gas Electric Light & Power Co.
<
Steel
B
Dominion
6-10
5-29
.
7-
(quar.)
6%
7-16
$1
CO;
Mfg.
6-10
K
$$1
Corp.!
Corp. (Increased)
Fidelity Fund, Inc. (quar.)
Fiduciary Trust Co. of N. Y. (quar.)
-
Dairies, Ltd. 5%
Malting Co., Ltd:;
preferred (quar.)____
5%
1
&
10-16
100%
Extra
Ferro
Ltd.—
___
$25c
Bakeries of
Consolidated
$5
Anglo Investment Corp.,
J.)
7-30
25c
$25c
Dominion
$4
com.
Quarterly
Consolidated Cigar Corp.
(
1
7-
Co. "
Gas
Brewing,
Tarrant
*
'
10c
com.
(quar.)
preferred (quar.)
preferred
(quar.)
40c
1
4
&
Fernie' (B.
5-26
6-25
;
—
&
1
I
6-30
Canada—
Feltman & Curme Shoe Stores, com.
5%
preferred
(quar.)
I
Fenton United Cleaning &
Dyeing—
7%
preferred (quar,)__
."
6-14
62%c
—______
Co.,'Ltd.,
preferred (quar.)_2
6-10
1
7-' 1
6-16
20c
;
30c
Connohio, Inc.
40c
6-
6-16
_
6-20
$$3
Dominion
Co.—-
Extra
"
1
7-
*•
75c
Connecticut Light & Power
f
&
.Dominion Glass
4
'
Management
'
-
20c
8-15
7- 1
25c
6-30
50c
.
Connecticut Investment
Semi-annually
(quar.)
Mines, Ltd.
(John
Felt
8rl5
.
$15c
common-———
Annual
6-30<~-
90c
■
Securities
(quar.)
Dominion
6-
.
Connecticut Gas &
Dome
-6-30
"
2
37%c
(quar.)__—
Corp.
Doehler-Jarvis
6- 2
' 7-15 4
— 50c
Stamping__-_____i
Corp._^
Co.,
class A
$2.50
6-16
7-15
.
Commonwealth Edison Co. (quar.)-•♦35c
Commonwealth Investment Co. (Del.)
(quar.)
6c
Commonwealth & Southern, $6 pfd.
(accum.)
''•- $3
Compo Shoe Machinery (quar.):
12'Ac
Conde Nast Publications
(quar.)
25c
Confederation Amusements, Ltd.—
*
8% participation preferred
(s-a)
$$3
Confederation Life Assn.
(Toronto) (quar.)
$$1.50
(
Quarterly
$$1.50
Congoleum-Nairn, Inc. (quar.)
25c
Coniaurum Mines, Ltd. (s-a)_
$2c
v
2
Cup
6-16
,
1
Corp.
,
(quar.)_____.:_
Shearing
6-23
37%c
Theatres
(Frank)
Increased
\-
7
6-
6-23
25c
Baking
8-25
81.50
6-20
Fuel
5-29
8-25
Truck
Water
Felin
6-14
6-16
Motor
Fehr
Disney
1
7-
6-
6-28 "
25c
of
Extra;___—
Federal
6-20
6-16
•
—:
1
•
Federal
5-29
♦1
;______ ;*1
7-
7-22
1
6-16
12%c
Car
District
-(quar.)s—10c
5
6-20
7-
Co.
811-
20c
-
Federal
Mining 61 Smelting (increased)..
Federal-Mogul Corp.
(stock dividend)_____
5
6-
1
(quar.)
60c
60c
Shops
Fire Insurance
Interim
*
6-20
Stone
6-
7-
35c
6-10
&
B
6-16
30c
Chemical.:Inc. (increased
1
Sand
8-
Bake
"
S3
When
Holdere
Payable of Bee.
Share
(quar.)"____—
Federal
11- 5
6-16
15C
partic, preferred (s-a.)—
(Walt) Productions, Inc.—
$3
6-30
12-
11-15
25c
(quar.)
7-
—
8-15
50c
.
(quar.)
Alrny
Hotel,
Witt
Class
6-12
-
t3c
$25c
&
class B
(quar.)___
Diana Stores
Corp.
(quar.)_
D1 Giorgio Fruit, class A
6-12
1
7-
600
.
6-30
'
Federal
""
Raynolds,
&
Class
De
7-
^3.50. pfd. (quar.)
87MtC
Radio, ■ $2:70: preferred (quar.):
683/4C
Colonial Ice, $6 preferred B
(quar.)—$1.50
Commercial
"Commercial
2
6-20
,7- 5
25 c
Devoe
7-10
7-
(quar.)
Collins
;• Special
Columbia
6-
»Per
.
Name 0/ Company
Fashion Park, Inc.
; Quarterly
6-16
6-16
(s-a)
Colgate^Ralmollve-Eeet,
'
6-30
12 %C
6%
convertible preferred
(accum.)___
•Distillers Corp.-Seagrams, Ltd; (quar.)
Colorado
6-20
12 %c
(quar.)_
(quar.)
Corp. (quar.) ;T
Steel
7-20
-
—
Detroit
Dewey
$3
—
Ltd.—
Resumed
Cockshutt Plow- CO.,- Ltd.- (s-a>_--____
Colonial
7-1 "
35C
Stove—
preferred
preferred
5%
5-26
$5.60
common
a
•
6-16
$1.50
*
Corp;,
(s-a)_,
5%
.•
-
8-17
.
31 Vic
"
*
Brass* (quar.)'
6-11
1
-
*
1
Detroit-Michigan
11-15
1-1-48
Coca-Cola Bottling^ Co. of St. Louis (quar.)
25c
Coca-Cola Co., common (quar.)75c
1
&
Co.
Detroit Hillsdale & South Western RR.
10-15
.
Harvester
n
'
„
„
'
Co: .(Kansas)
Aluminum
Detroit
,
0-15
1
Oil
Detroit
.
Counties
1st
8-15
•
20C
-r
a__.
a_a^aaaa_aAia.
Chemical
5%
1
11-
Derby
.7-15
2
10-
20o
•
—
6-14
s
8-1.
0-
20c
'
___
Peabody & Co., common (Interim)
preferred .'(quar.) __________j.
<"
i-
20c
20c
I---
_
Clorox
1- I
20c
'
—
Holder»
,
Payable of Bee.
•
t
-
-
11
f
K
THE COMMERCIAL & FINANCIAL CHRONICLE
1
(quar.)_
6-20
6-
$1.12 %
6-30
6-14
8-
$1.25
5
1
7-1
30c
6-20
6- 2
30c
6-20
6- 2
54
THE COMMERCIAL & FINANCIAL
(3214)
Glen
Insurance
Palls
Glidden
Co.,
4Va %
50c
Co
Coal
Alden
Glens
common
(quar.)
preferred
Godchaux-Sugars,
7-
6-11
7-
6-20
Ideal
$1
7-
6-18
Illinois
Central
$1.12'/a
7-
6-18
4%
7-
6-14
Illinois
Co.,
F.)
each
preferred
1st
5%
Bonus
6-16
5-15
6-16
5-15
t$l
7-
9
4 J/a %
$1
7-
6-
6-16
$1
6-21
$25c
6-16
5-26
10c
6-16
6-
50c
6-27
6-16
26c
7-
1
6-13
933/4c
7-
1
6-13
2
1
6-20
7-
1
6-20
12 J/2C
7-
2
6-18
56 ViC
8-15
15c
$62v2c
6-30
6-10
$62J/2C
6-30
6-20
6-
$1.50
6-20
5-20
$75c
6-30
5-31
$75c
6-30
5-31
Co.
6-10
6-10
International
Coal
6-24
International
7-
1
6-
3
6-
5
3
4V2 %
(quar.)
1
6-
7-
1
6-16
$1.25
7-
1
6-25
International
$1.25
10-
1
9-25
Common
7%
(quar.) —
—
6-20
5-29
6-
(resumed)
25c
7-
1
6-18
$5 preferred (quar.)
Guaranty Trust Co. (N. Y.)
(quar.)
Guilford
Realty, 6% preferred (quar.)
$1.25
7-
1
6-18
$3
7-
1
6-11
6-28
6-18
Group No. 1 Oil Corp.
Guantanamo Sugar Co. com.
—
$1.50
preferred
4%
6-28
_—*
Gulf
Utilities
pfd. (quar.)
$4.40 pfd.
Ltd.,
Nickel
International
Power
6
6-
6
7-
1
6-20
International
6-16
5-29
International Silver Co., 7%
5
Class
B
7-
1
1
6-16
1
6-
1
6-18
6-30
6-30
Class
B
<
_
Corp.
Hazeltine
6-26
6-12
10C
6-30
5-27
Heinz
(H.
3.65%
Helme
Co.,
J.)
6%
W.)
Hercules
Cement
Hercules
Motors
6-20
6-16
6-16
2
1
7-16
6-10
:
6-13*
1
7-
25C
6-16
6-
50C
6-16
5-29
43 %c
6-16
6-
25C
2
2
5-22
6-23
50o
6-16
6-
1
25C
6-20
6-
7-
1
7-
1
6-16
$1
7-
1
0-
7
$1.75
7-
1
6-
1
1
6-20
6-25
6-11
6-20
50C
6-30
6-20
25c
6-16
5-28
25c
6-27
6-17
25c
7-25
7-15
B
6-
5
7- 2
5-31
7- 1
6-30
6-
2
7-
1
6-13
$1
6%
Hook
preferred
(quar.)
7- 1
6-16
Electrochemical
Hooker
Co.,
(quar.)_
pfd.
common
—
6-23
4%
6-20
6-10
4J/2%
5-31
5-23
6-30
6-20
6-26
$ 1.06i/4
6-
2
20C
6-20
6-
$1.12%
6-30
6-20
7
30c
—
8-
1
7-15
30c
—
pfd.
8-22
15c
——*—
—
1
6-30
25c
—.—
_
$4.25
(quar.)
4%% preferred (quar.)
Horder's,
Inc.
(quar.)
Hoskins Mfg. Co. (irreg.)
Hotel
Gibson, 6%
non-cum,
Hoover
6-26
6-11
7-
6-20
$1.50
(quar.)
1
$2.25
5%
(quar.)
preferred
Houston
Oil
Co.
Hubbell
Extra
—
common
Huron
v.
t.
(Harvey),
(quar.)
6-16
6-30
6-16
6-25r
7-10
10c
Ltd., class
B
(s-a)
&'Erie
__
A
Ltd—-
Mortgage
Corp.
Kinney
(G. R.)
6-10
4Vi%
6-20
6-10
775C
6*
5-
9
9
preferred
$1.25
7-
1
Kuppenheimer
Kut-Kwick
6-16
MacMillan
6-11
1
6-13
25c
—
6-
9
Stock
7- 2
6- 9
Laclede
6-9
1
7-11
Macy (R!" H.)
&
Madsen" Red Lake
8-
1
7-11
Magma" Copper
7-
Co.
(quar.)
Magor Car Corp. of N. Y. (increased)..
Mahon (RT. C.)
Co.,- $2 class A pfd. (quar.)
5
Financial
Manhattan
Manischewitz
7-
1
6-14
7-
1
6-16
7-
1
6-16
.....
Martati Sugar Co.
(interim)
Mangel Stores Corp. (quar.)
6-30
class
Corp.,
A
Extra '
Manufacturers
Trust
6-16
5-31
7-
Midland
1
6-14
Marine
6-30
6-14
(N.
Co.
Y.)
(quar.)
6-20
Mfg. Co. (quar.)
Corp. (Increased)
1
0-20
,
2
$1
6-
6-16
7-
preferred
6-
6-16
2
Marsh
6-14
1
—
I'elegraph & Telephone Co., Ltd.—
Common(quar.)- "
7% .-preferred ' (quar.)
....
Market Basket, Inc., common (quar.)
(quar.)
& Sons
(M.)
.....
Corp.
7c
lc
6-20
6-25
6-10
6-16
$1.12J/2
6-16
^
Lambert
John
5-29
6-27 -
5-31
Mastic
7—1
6-24
6-26
6-16
7-~l
6-10
7-
1
6-12
7-
1
6-12
7-
1
6-13
com.
(increased).
preferred; (quar.)
......
Navigation Co. (quar.)..—.......
Maxson
(W. L.) Corp,
(irreg.).....
....
McAleer Mfg. Co., 5%
conv. pfd. (quar.)...
McBee Co., 6%
1st preferred (quar.)
McBrine (L. M.) Co., Ltd., preferred (s-a).
10c
37y2c
$1.75
30c
10c
12J&C
$1.50
$50c
McBryde Sugar Co., Ltd. (irreg.)
McClatclty Newspaper, 7%, preferred
35c
$1
$l.l2J/2
20c
25c
>
■
20c
25c
$1.50
40c
(quar.).
40c
$1
(quar.)
$1.12 V&
preferred A (quar.)
(quar!)
$1.12J/a
$1-21'/a
—
6-16
5-31
7-
6-16
1
6-
6-30
5
Mathieson
VZ
7-
2
6-24
7-
1
6-12
McOrory
7-
6-16
6-10
,
.
6-
2
McColUFrontenac. Oil
1
6-ia
6-20
McGraw
9-22
McKesson
12-29
12-23
$2:50
$4
&
Co.
1
6-16
$1.50
$1.75
$1-75
10-
1
9-18
50c
.
-
7-
(s-a)
15c
20c
6% pfd. (s-a)—«r
4% conv. pfd. (quar.)
(quaf.)
?25c
5c
50%
———
...
-
Power
&
Paper Co..
(quar.)
Ltd——
-
-
.
.
50c
$$1.50
50c
1
7-15
11-1
&
Robbins,
common
Corp.
Telephone, 5%
Steel
50c
class
A
——»—
25c
02V<iC
25c
(accum.)
6-20
7-
1
6-12
7-
2
6-14
6-30
6-14
2
6-18
Merchants Distilling Corp.,
7-15
6-20
Merchants & Miners Transportation
participating
Mengel Company,"
convertible
preferred
$30c
25c
(s-a)________
conimon (qUar.) _________
1st preferred (s-a> ______
$1.25
7%
.
11-29
,
7-19
6-30
6-20*
6-30
-
6-3d j, 6-18
,*
6-18
7- 1 ,.
7- 1'.
6-12
6-l6|
6- 5
t
6-16
7- $
7-1
•(
,,
6-30
6-9
6-14
6-20
preferred
*
Quarterly
common
Co.—
6-30
5-31
7- 1 ! ' 6-10
6-30' *
25c
'
—
8-15
25c
6-10
J 6-16
$1.75
(quar.) ________
(quar.)—________________
7- 1
Mercantile Stores, Inc. com.
t
>
Distilleries, Ltd.—
"6-10
5%
>
'
6-30
6%
J
60c
Megowan-Educator Food Co.—
Melchers
j,
,
$$1
62J/2C
preferred (s-a)___
6-30
6-17
.
,
6-16
6-30
6-30
6-16.,
$1 |/.7-15
6-21
7- I
11-30
(quar.)_.__
1
7-
J 6-16
7- 1
6-14
6-16
8-30
(quar.)
preferred
Meadville
10-18
8-
7- 1
7- 1
7- 1
6-30,
'8-31
Corp., common (quar.)..i_
35C
fconvertible preferred
88c
(F. H.) & Co. (initial s-a)75C
9-29
'
6-14
6-14
6-16
6-10
6-16
Stores
6-27
7-
$1-50
-—
(quar.)
Co., Ltd.—
....
,
4%'":preferred ,(quar.)___.
...
!
McCord Corp., $2.50 preferred (quar.)______
6-25
"
(quar.)
preferred
6-14
•
25c
43%c
~
-
Matson
r
6-20
5-29
6-16,
6- 2
6- 9
6- 9
6- 6
6-2
-
7%
:
6-26
433/4c
Corp.
Alkali' Works,
Asphalt
McLouth
Steel
Company
6-29
1
$1.60
$2.50
Corp.
dividend
1
7-
.
(B.)
Tool
7-
$3c
(quarj—(quar.)_^—
„__'T
.-
7- 1
7-1
7-
Marven's, Ltd., 5% preferred
Maryland Casualty Co.— j
$2.10 prior preferred (s-a)
$1.05 convertible preferred (s-a)
Maryland Drydock Co. com. (quar.) ______
4J/2% preferred (quar.)
Massachusetts Investors Second Fund, Inc.
MaScot Oil Co._l
f—
1
6- 2
6-13
•
7-15
6-20
7-15'
-6-20
7- 1 -•
6-20
7- 1»
6-20
7- 1 /: 6-14
6-30
6-30
Martin-Parry
6-16
1
;
$1.05
52y2c
37y2c
$1.12J/j
6-20
7-
6-10
6-9
7- 1
7- 5
7- 1
8-30
7-
6-16
6-10
7- 1"^
•
(quar.)
$1.50
—'15c
(quar.)
$$1.25
6-30
1
.
♦
(see Field Marshall)—
preferred
6%
6-9
6-15
$20c
$17J/2c
20c
25c
40c
(quar.)
Marshall ■ Field & Co.
Marshall-Wells,
>
6- 9
5-16
6-12
;
5-27
5-29
5-29
6-16
6-30
6-16
6- 5#
60c
17J/2c
Maritime
7-
•
$1
$1
60c
Mapes Consolidated
;
7-1
-
—
5-31
6- 9
-
6-17
6-16
6-15
6-307-15
6-30
6-16
6-30
6-20 1
6-20
7-1
,•
25c
(s-a).
Co
(B.)
1
$1.75
26c
(quar.)____
$4c
25c
25c
40c
50c
50c
25c
(s-a).
Magnavox
6-20
37J/2C
37J/2c
6-16
6-26
^
5
6-
6-16
7-15
$2c
$1.25
40c
Ltd.
6-20
6-30
—_
Mines,
•
,
$lGc
Co
Gold
-
7- 1
6-16
6-30
A.
5
6-16
-
1
15c
30c
(quar.)
>'
■
$$1.25
$10c
(quar.)
~AW
6-
1
1
1
12J/2C
A*** -J #
r
7-15
6-14
6-14
5-31
....
6-
3
7-
7-
**
M
6-20
6-20
8-1
7- 1
7- 1*
6-15
>
(Increased)
inc.
8-
7-
25c
Ltd.
Mines,
Tfucks,
6-17
7-
■
Mack
6-
25c
'
;
Laclede Gas Light Co.
Lake St.
6-14
Macassa
6
<m mm
w
6-20
'
20c
—-
Export Co., Xtd.
R.)
(H.
Ltd.—
(quar.)
Extra
7-
Steel Co.,
Structural
preferred
5%
6-16
6-17
6-18
6-16
6-16
6-16
0- 7
7- 1
7-15
6-30
-7-1
7- 1
6-16
6-30
' 6-30
■
.
Publications, Inc.—
participaiting preferred-......—75c
$1.50
1
$1.25
12'/2c
$1.12J/a
.*—
(quar.)
France Industries,
Labatt (John), Ltd.
7- 2
,<
9
1
$1
$1.25
—-.—Z
(quar.);- '
common.-^;
La
6-19
'
6-
1
7-
■
(quar.)
preferred (quar.)
2nd preferred
(quar.)
2nd preferred (quar.)
6-19
-
7-
7-
——.-,,-87 VaC
50c
$1.25
~10c
—
2c
1st
6-30
1- 1
5-29
County Gas & Electric Corp.—
Luzerne
50c
25c
common
preferred
A
6%
6-30
■i..
...
MacFadden
Inc.- (quar.)
Co.,
preferred A
20c
(Ontario)—*
(s-a)
6-16
(interim)
com.
Company—
1st preferred
1%
.....
1
11-10
6-16.
25c
A
Koppers Co., Inc., common
4% preferred (quar.)
7%
preferred
1st
common
7-
_
Kinney Mfg. Co.,, $6 non-cum. pfd.
Corp, (increased quar.)
$20c
___—...
6-20
6-20
Co.,
6-16
Knott
$20c
.•«,
—
Corp.
6-20
40c
4 J/2 %
.....
(quar.)__
6-36
(quar.)
pfd.
Kingsport Press,
$1.50
(quar.)
(s-a)
-
$1.75
•
(quar.)
Inc.
conv.
Kroger
(initial quar.)
1
(quar.)
(quar.)
6%
—
*
Quarterly
6-30
50C
c._
(increased quar.)
preferred
Humphreys Mfg. Co., common
6% preferred (quar.)
Class
62 J/2 c
,
preferred
Mfg. & Sales
Baumann &
MacKinnon
6-16
20c
7%
Bros.,
Hudson Bay Mining & Smelting Co.,
Hunt's,
6-20
6-30
(quar.l
6-30
Co.
2nd
preferred
4J/2%
—
(Texas),
7- 1
50c
_
Howell Electric Motors Co.
Howes
56V40
com.
%
6-16
Eons—
A
7-
-
Corp.,
convertible
King-Seeley
'
(quar.)
pfd.
conv.
A
-
&
Kimberly-Clark
5%
&
'■' *'
4V'2% preferred (quar.)_.—
$1.06V*
Lykens Valley RR, & Coal (s-a).i.
40c
Lynchburg & Abingdon Telegraph Co. (s-a).
$3
Lyon Metal Products
(quar.)...
25c
-
Kroehler Mfg. Co., 4V2%
Houdaille-Hershey Corp.—
Houston Natural Gas
Ludwig
5 J/2
Mortgage' (s-a)
(M.)
50c
Copper
(Walter)
9-
50c
—
5-31
Keyes Fibre, 6% prior preferred (quar.)
Keystone Portland Cement, 7% preferred—
Kidde
____
_—.—_
(quar.)
Inc.
Drugs,
Co.
Ludlow
6-16
___________——■■
Kerr Addison Gold Mines
25c
(quar.)
Honolulu Rapid Transit Co.—
Mining
6-14
6-14
Extra
20c
Co.—
1/
Railroad
Nashville
preferred
'/4 %
$1.50
preferred
$4.50
$1.06
$12»/jC
12J/2c
12y2c
$1.37J/2
$1.50
25c
$2.25
Title
1
(resumed)
Co.,
Co.—
!
Lowney (Walter B.) Co:, Ltd. (quar.)
Los Angeles Transit1 Lines
:
Lucky Stores, Inc., common
(initial)
Louisville
7-
9
;
8- I
8- 1
7-
6-18
Kendall
Ry.
-
5- 1
5-31
6-14
•
—
(quar.).
class
Louis
(s-a)
preferred
$1.50
Wheel—
convertible
$1.25
8-15
8-15
6-14
$1.25
$1.50
(quar.)
3.—
—__________3—
Kearney (James R.) Corp. (quar.)
—
Kelley Island Lime & Transportation Co.—Common (quar.)
_!
Kelling Nut Co., 6% pfd. (quar.)
—
$1.50
St.
•
6-12
1
1
(quar.)
par)
common..^
88c
15c
1
12-
(quar.)__
par)
&
25c
$1.75
37J/2C
31J/4c
(Ky.),
$4
$2.50
&
LowenstCln
30c
37J/ac
15c
6-25
6-11
6-17
6-10
6-10
6-39
6-30
6-30
(s-a)
non-cum
7-
&
Class
6-30
6-16
5-29
6-10
7-15
6-27
7- 1
7- 1
7- 1
7-25
7-15
7-15
15c
87J/2C
<*iuar.)
6%
7-15
Electric
&
Henderson
Common
2
8-
*
Kelsey-Hayes
6-
6-14
1
7-
(quar.)
Co.
preferred
(Julius)
Extra
Louisville
6-16
1
6-16
6-20
30c
7
Holt
Homestake
7%
Kayser
7-
5-31
common (quar.)
1—
7
$1
(H.) & Co., Inc.—
$1 non-cum.' class A (quar.)
($100
Company
Company,
Extra
6-
$6c
Hollinger Consolidated Gold Mines
Hollingsworth & Whitney, $4 pfd. (quar.) —
Holophane Co., Inc. (increased)————
Guaranty
Kawneer
Kaynee
Kennecott
(quar,)
($25
preferred
2
(quar.)
(quar.)"
!—
6-
50c
—
preferred
5%
7-
6-13
6-30
$$1
(interim)
(P.) Co.,-common
preferred
(quar.)_
75c
81J/4c
87J/2c
common
preferred
6-16
Dauch Paper Co. of Canada, Ltd.—
Quarterly
Title
Drug Co.,
$4.50
6-16
25c
Dauch Paper Co.
Hinde &
Home
Katz
25C
$25c
Hinde &
Holland Furnace Co.
(quar.)
25C
—
;
_____
6-30
$3.50
Spencer Bartlett (monthly)
Monthly
Hickock Oil Corp., class A com.
(quar.)
5%
6-25
9-
2nd
preferred
$5
6-20
7-
35c
common—.
7-
25C
—
6-12
Kansas-Nebraska Natural Gas Co., Inc. com.
7
25c
(quar.)
1
7-15
6-16
preferred B
Jones & Laughliii Steel, common
5% preferred A (quar.)_
Joyce, Inc. (initial)
Justrite Mfg.
Co.^..
Kansas City Southern Ry.
Co.—
4% non-cum. pfd. (quar.)
Kansas Electric Power, 5 preferred
6-16
9iy4c
Co
7-
(quar.)
_—
$1.75
Jewel Tea Co., Inc. (quar.)
60c
Johns-Manville Corp.. new com (initial)—
25c
Johnson & Johnson, 4% 2nd pfd. A (quar.).. ~~7 $1
5
45c
Corp—*—
6-14
preferred
4%
6-27
Hibbard
B
1
2
30c
Hershey Creamery Co., common
7%
preferred (s-a)
__
Hewitt-Robins, Inc. (quar.)
Class
6
7-
7-
(irreg.)
Corp.
Powder
Hercules
6-
6-16
8-
(quar.)
Co., common(quar.)
—_—,
6-10
6-16*
1
Gas
6-14
6-30
$2
Lorillard
2
1
7-
7%
6-14
6-28
37J/2C
(quar.)..__._
Corp.
7-
Louisville
6-28
10c
(quar.)
7-
Corp.—
com.
Cement
Taylor
'
30c
...
;;
_.i
$1
60c
433/4c
30c
(quar.)
(quar.")
Co.
Jeannette Glass
7-
50C
(quar.)
&
1.
preferred A
1st preferred
5%
25c
preferred
(Geo.
preferred
7%
common
Star
Lord
Class A com.
System
Jamestown Telephone
7%
Parts_—
Motor
Hein-Werner
Lone
25c
93%c
James
6-30
—»
6
(quar.)__
6-20
$1.12 J/2
preferred A (accum.)
Hecla
Mining
(quar.) —__—
Heileman (G.) Brewing Co. (irreg.)
6-
(quar.)
Co.
1
75c
7%
6-28
82 J/2c
7-
6-16
—
6
Co.—
6-20
25c
_____
6-
.
6-20
7-15
Department Stores
______—
Hearst Consolidated Publications, Inc.—
5-20
6-28
4
6-13
6-26
Hearn
6-23
Loew's, Inc.
(quar.)
Loew's (Marcus) Theatres, Ltd. (quar.)____
Loft
Candy
Corp._
.....
$75c
1
6-26
*
2
-
1
25c
preferred (quar.) _
:
Corp. of America—
Hazel-Atlas Glass Co. (quar.) —
7-
Chain
__i
Louisville
2
$1.12 J/a
"/ 4V2 %
1
Power—
com.
Steel
$2
2
Extra
v
6-30
7- 1
$1
(quar.)_I
(quar.)_.______.
preferred
Locke
(s-a)
(monthly)
5-21
$$1.50
7-
B
Pipe Co.,'common
_
$1.10
9-10
$1.10
12-10
$1,10 3-10-48
75c .. 7-15
75c
7-
$1
Lock Joint
-
8-22
11-21
2-23
8-22
11-21
2-23
6-13
6-20
6-21
50c 3-10-48
6-13
7c
preferred (quar.)
1 Manufacturing
River Bridge
50c
(quar.)
7-
.
Fireman
Class
50c
(quar.)
6-13
25c
9-10
12-10
(quar.)
6-30
$1.50
30c
6-16
guaranteed
6-30
50c
6-6
7- 1
.
*
6-20
(quar.)
preferred
37'/2c
(quar.).
Original capital
.....
Little Schuylkill Nav. RR. & Coal
8-
6-16
17J/ac
;
pfd.
Inc., 6%
J.),
8-> 1
Irving
50c
Eaytian
6-12
__
___.
7-28
10-25
25c
guaranteed
Special guaranteed
Original capital
Original capital
6-12
2
6-17
8- 1
11- 1
—
RR.—
Special
8%
7-
7
$1.25
preference
(quar.)—
preference (quar.)
Hat Corp. of America class A
Special
2
j
Ltd.—
(quar.)_
&
Light
&
Power
3.75%
Iron
6-16
non-cum.
2
6-16
7-
(Ind.)
t40c
15c
7-
7-21
6-
7-15
7-
6-10
6- 2
6-27
25c
Co.
(quar.)
(Thomas
Miami
6-16
$$1.12J/a
$1.25
$1.25
prior
$3
Little
Quarterly
—
(John) Shoe, 6% preferred (quar.).
Irving Trust Co. (N,1Y.)
(quar.)
Jamaica Water Supply CO., $5 pfd.
(quar.)
$1.50
$30c
—
Lipton
1
7- 1
6-16
50c
t$1.75
$83/4c
$50c
(quar.)
'
Jowa Public Service Co., common
6-13
Hart man
$4
7%
3.30%
6-16
t
Light
preferred
6-14
(quar.)—
pfd.
%
Iowa
6-16
$1
-
Battery Co., Ltd-—
Tobacco Co.-—
-
6 J/2
9
77-
6-30
7%
6-14
6-20
_
preferred C (accum.)
preferred B (accum.)
preferred A (accum.)
6%
9
America
Foundation,
Electric
Iowa
$1.25
$1
6-20
1
7-
________
preference
Selective Fund
Investors
5
6-
1
7-
7- 1
$1.75
37Vic
....
Quarterly
Quarterly
...
Lindsay Light & Chemical Co.—
7-15
(quar.)
convertible
6%
6-16
7-
Lincoln National Life Insurance
Ltd.—
(irreg.)
Co.
of
Co.
Investment
6-10
$1.12%
(quar.)
Harding Carpets, Ltd. (increased s-a)
flarnischfeger Corp., common (quar.)
5% preferred (quar.).;
——
5%
2nd preferred (quar.)
Harris-Seybold. Co., common (irreg.)——
$5
preferred
(quar.)
_
Harrisburg Gas, 4y2% pfd. (quar.)—
_
Harrisburg Steel Corp. (quar.)t.—
—
Hart
6-10
6-
$i.oe1i
preferred
6%
1
6-20
6-20
7-
—
Harbison-Walker Refractories
7-
6
7-15
Corporation
Intertype
Investment
20c
Co.
Co.—
Winkle-Munning
1
25c
(extra)
Hanson-Van
1
6-10
7-
6-
6-24
$37 J/2c
Department Stores (quar.)
Telephone Co.," $6 pfd.
(quar.)_
Interstate
1
11-
20c
—
•
8-
1
25c
r
Co. (quar.)
Haloid Company com.
(quar.) —
—
4% preferred (quar.)
Hairtmermill Paper, 4V4% preferred (quar.)_
4V2%
preferred
'quar.)
Hommond Instrument Co., 6% pfd. (quar.)
Hancock Oil (Calif.), class A (extra)
Printing
F.)
(W.
1
$50c
$1 participating preference (s-a)
(C. M.) Lamp Co. (increased)
Hall
Hall
9-
$30c
Lima
Ltd.—
Co.,
(s-a);
6-
1
12-
Cup Corp.
Works.!,
Locomotive
6
6-16
.
6-16
6-16
..
8- 1
6-27
J.
(quar.)
$1
1
Shoe
(quar.)
6-
6-28
(quaf.)
1st preferred
6%
(quar.)
Formerly Liberty Aircraft Products
Liggett & Myers Tobacco, 7% pfd. (quar.).
6-24
.
7-.1
7-1
7-1
25c
(quar.)
Products
Lily-Tulip
25c
25c
1
International Salt Co.
preferred
60c
12Vic
25c
I2J/2C.
(quar.)
common
40c
Canada,
of
Co.
7-
Interstate
common—
3
$40c
(quar.)
preferred
$4
*20c
Co.,
9
6-
(s-a)
7%
(quar.)
International Paints, Ltd. 5% pfd. (s-a)
International Paper Co. com.
(quar.)
3
t20O
Hahn Brass
6-
preferred
(quar.)
preferred ($5 par)
$1.10
Quarterly
1
1
Co.
of New York
Loan Corp.,
Liberty
6-10
9- 4
12- 4
6-21
6-21
.6-2
6-iO
6-10
5-29
6-30
9-30
12-31
6-2
6- 2
6- 2
6-20
7-21
6-17
;
7- 1
6-23
7-31
$25c
10-31
$25c 1-31-48
$10c
7-2
(interim)
Telephone
5-28
5-28
7- 2
9-11'
12-11
7- 1,'
$2
$25C
(qar.)
(quar.)
$1
7-
(Canada) —
Gypsum -Lime & Alabastine
7-
:__
-
$1.50
—
(quar.)
Co.,
Lexington
8-11
7-
(quar.)
25C
$6
Corp.,
Power
Gulf States
9-12
50c
.
25c
(quar.)
Gulf Oil Corp.
1
Liberty
25c
$l%c
$1
(quar.)
(quar.)
Common
7-
75c
com
6-12
10-
5-31
.....—
preferred
1
International Minerals & Chemical—
25c
Corp.
A
Class
6-17
2
7-
5-31
Harvester, common
(quar.)
Metal Industries, Ltd.—
50c
1
9-
$37J/2C
3
Ltd.
7-
Brothers, Ltd.
Quarterly
Quarterly
Levy Bros. Co., Ltd.
-
62J/2C,!
Corp.
Wilkes-Barre
Lewis
4
6-30
...
2
Company,
preferred
(quar.)
&
6-30
(quar.),
2
International
&
$2.50
$$1.25
'
preferred (quar.)
p$d. A (initial).^—
common
(quar.)..
6%
6-
1
11- 5
.6-15
6-15
$25c
$75c
$75c
7c
50J/4c
12%c^
25c
common...
convertible
1
$75c
250,
7-
2
Leath
.
5-31
__
7-
Coke,
Company,
%
6-30
$3
$10c
7-
6-
6-26
$37J/aC
,11-15
25c
„
& Sons, Ltd.
Leader Enterprises,
$$1.06'/4
30c
(quar.)_
Liberty Fabrics
.
$1.75
7- 2
5-13
7-31
$1
20c
$1.25
$1.25
Products
Cellucotton
&
6-30
7-
(s-a)
100%
$50
Grinnell
preferred
participating
4-25
Lehigh
——...—-
____
_
Co.
10c
Roi
4 J/2
4-25
6-23
$1.03'/a
8-15
6-14
6-20
8- 5
25c
Machine
(quar.)
Langley's Ltd., 7% conv." pref. (accum.)—.
1%
convertible preference
(accum.)
6-23
7- 2
7- 1
62J/2C
*25c
(quar.)
Extra
6-15
1
7-
>
$$1.50
pfd.
Co., $2.50
Co. (quar.)
Quarterly
6-11
1
tlOc
25c
(interim).
International
$5c
7-
(Ont.)—
& Investment Co.
Sessions
&
Landis
t
Le
(initial quar.)„
preferred
6%
6-14
2%
Inter-City Baking Co., Ltd. (quar.)—:
Interlake Steamship Co.__:
...
International Bronze Powders, Ltd.—
Common
(quar.)
_
9
12-20
6-30
5%
Extra
6-10
10c
6-17
1st pfd.
$1.18%
_
Ingersoll-Rand Co., 6% preferred
Inglis (John) Co., Ltd
Inspiration Consolidated Copper—
Resumed
quarterly
1
8-
12-30
Holder$
Payable of Rec.
Share
Semi-annually
Lamson
Lang (John)
preferred
4J/4%
7-
32J/2C
9-20
Lane-Wells
(quar.)
Indianapolis Power & Light, 4% pfd. (quar.)
Indianapolis Water, class A common (quar.)
5%
preferred A (quar.)
...
5% preferred A (qhar.)„_
Industrial Acceptance
Corp., Ltd.—
$2 non-cum.
class A_l
5% convertible preferred (quar.)
2
1
6-20
9-30
Co.—
Imperial Tobacco Co. of Canada
Incorporated Investors
Indiana & Michigan Electric—
6-10
2
Name of Company
Lines—
$2
_
$1.06 J/4
(quar.).—
Leased
(final)
6-16
_
Brewery
Griggs Cooper & Co., 5%
6-16
6-30
$1
(quar.)—
Western
Griesedieck
held
share
preferred
6-
6-30
$1.25
$5
for
6-30
$1.25
$5
41/4%
6-10
6-23
$1
Goodyear
Co.
(Madison, Wis.), $4.75 preferred (quar.).
Imperial Chemical Industries, Ltd.—
American
deposit
receipts
for
ordinary
77-15
$1
preferred (quar.) __—
Tire & Rubber, common (quar.)convertible preferred (quar.)—
Goodyear Tire & Rubber Co.
of Canada,
Ltd. (quar.)
Gorham Mfg. Co. (irreg.)
Gorton-Pew
Fisheries
Co
Grafton & Co., Ltd.. class A (quar.)
_
Grand Rapids Varnish——
Granite City Steel Co.
(irreg.)—
—
Grant (W. T.)
Co. (Del.),- common—
3%%
preferred (quar.)__
—
Graupner (Robert H.), Inc. 6% pfd. (quar.)
Gray Drug Stores (quar.)———
Grayson-Robinson Stores, com. (quar.)
$2.25
preferred
(quar.)——
Great Lakes Paper Co., Ltd., class B pref.
Class
A
preferred.
Great Lakes Plating Co. (quar.)—_
.
Great Northern Ry.,
preferred
Great West Saddlery Ltd.—
6% 1st preferred (quar.) —.—
6% 2nd preferred (quar.)—
_
Great Western Sugar, common (quar.)
_
7% preferred (quar.)
____
—
Green (H. L.)
Co. (stock dividend)*
Greening (B.) Wire, Ltd. (quar.)
Greyhound Corp., com.
(Stock dividend) two additional shares
40c
(quar.)
RR.
(s-a)
Commercial Telephone
40c
62'/a C
common——______
Co.
Cement
6-30
When
Per
Holdert
When
Payable of Rec.
Lambton Loan
$1.25
$1.25
$1.25
guaranteed
$1.50
preferred (quar.)—
Gold & Stock Telegraph (quar.)
Goldblatt Bros., $2.50 pfd.- (quar.)__——
Golden State Co., Ltd., common (quar.) —
4% preferred (quar.)
—
—
(B.
0-11
$1.75
$4.50
Goodrich
1
Share
Huttig Sash & Door—
5%
preferred (quar.)__
5%
preferred (quar.)
5% preferred
(quar.)
6-11
7-
56 ViC
————
7% pfd. (quar.)
class A (quar.)
Wernicke Co.,
Globe
7-
2
6-
6-20
00c
Y.)
(N.
Name of Company 1
Payable of Rec.
40C
(quar.)_
(increased quar.)——
Co.
Per
Holdert
When
Per
Share
Name of Company
Monday, June 16, 1947
CHRONICLE
6- 2
7-31
6-lS
"
"
500
6-30
,-
6-12
wi.rt
Volume
Number 4603
165
THE COMMERCIAL & FINANCIAL
Name of Company
Merck
Share
&
Company com.
(quar.)___
preferred (quar.)
Mergenthaler Linotype Co.
*■
$3.50
Corp.,
Nazareth
Cement
1
6-12
6-26
6- 9
8-15
8- 4
6-16
Mesta' Machine
Co
_
62 %C
—
Metals
Disintegrating Co.,
4V2%
preferred
Metal
Forming
Inc.,
6-13
New
6-13
New
England Fire
6-10
New
England
pfd. (quar.)—
Metropolitan Edison Co., 3.90% pfd. (quar.)
Michigan Associated Telephone Co.—
6%
preferred
Midland
Oil
Midland
Steel
$2
6- 4
,$7
preferred
6-16
$1.50
7-
$1
.!
(D.
Minneapolis
Minnesota
'
&
5
Mutual
com.J
20c
7-
1
6-17
New
York
State
7- .1
6-17
20c
7-
1
6-14
New
25c
7-15
6-21
Newark
Co.
_
35c
,
Co
Paper
&
___
(quar.)_I
Petroleum
Corp.
preferred
5%
Knitting
Co., "Ltd.,
25c
20c
(quar.)__
Auto
Montana-Dakota Utilities—
Common
4.20%
Montreal
_______
(initial
$1.05
(quar.)
com.
7-
$1.75
<
Montreal
*
'
-
*
J
'7%
preferred A
'7%
1
preferred
6i-19
6-16
6-
-
:
Moore Drop Forging, common (quar.)
4%% convertible preferred (quar.)
;
;
'■
Moore-McCormack
$2.50
.
4
convertible
Morris-
Motor
Paper
Products
1
»
r
preferred
'
■!
<.
6-13
6-13
7-
1
6-20
'6-30
<6-14
6-20
6-10
6-16
6-27
59%c
(quar.)
50c
-
30c
T—
"■
<
'
•
$2
5
6-20
v
6-20
1
•
$7
Muncie
J
*
5-31
„
_____
Water
Works,
8%
preferred
(quar.)
/ ' $2
<
4
*
)
4%
I
.preferred ,(quar.)__—_Lw__.
;
—_
1
Muskegon
''■■■
'
Stock
ii«' -
i
Mutual
6%
com.
dividend,'.(one ^additional
each
for
common
,
King,-new
Piston
Chemical
share
of
Co.
-preferred '(quar.)—
6%
E.):Bro.-l
(F.
.
Nashua
Mfg.
2nd
Mills
Nashawena
J
Co,,'$2
pfd.
1
6%
«
'
'
7%
National
Cash
Common
National
Gas
<
_______
6-20
,$1.50
6-16
Pacific
7-
1
6-16
Pacific
8-
1
t44c
___
«
•
(Hartford) (quar.)_
Electric Corp.——______—
2o
50c
^
»
•
20c
:
i
.
<
-6-18
"
-
I
$1.50
Co., Ltd.,
Grocers
Extra
$15c
(quar)—
com.
_—
preference
(quar.)—
t37Vic '_■< '7-1
—
National Gypsum! Co. (irvpg.l__._^^—, 25c
/ National
Mills, -Ltd.
Hosiery
7- 3
*15c
(quar.)
i
■
»,Quarterly
i
\ Quarterly '_4__•.
<r '
\'
——
——
National Lead 'Co. 'com
'■j
•
'
"
!
6%
■
—
$15c
^15c
6-
quar^
preferred B
(quar.)
6-16
t25c
$$1.75
8-15
7-15
' 6-
6-30
' 6-
6-
Common
1
1
6-
1
37%c
7-
1
6-14
50c
7-
1
6-14
Co.,
(quar.).
—
15c
6-21
6-14
-
-
'
National
Motor
Bearing—
„
—rl__
*
National Paper & Tvdp Co..
.
5%
pfd.
(s-a)
__
25c
',$1.25
National'Pressure Cooker Co. (quar.)
National' Radiator Co.-i—L—__—
National Rubber
Machinery———.
.
a
;
National
!
Securities, income
stock series
National-Standard
-
Cash
t".
dividend
Stock
'
(quar.)
25c
6-15
Ltd.
(quar. )^__
—
.
^
.....
$2
50c
7-
1
8-
1
$5
6-14
7-15
6-14
40c
Supply, 4%%- preferred—$1.42y3
ten-year preference^ (accum.)
- -$1.50
This'naynjentuclears .all arrears.; - < >
■
.1
•V National Tea
•
5r29
25%
t37-y2c
7-1
•
7- -1
6-19
-■
Power
preferred
preferred
Perfect
Pet
.
Circle
Gold
Ralston
&
com.
(quar.)
'
Light Co.,
7-15
common..
7-
„•_•
7-
1
(quar.)
Milk
com.
6-7
7-15
7-
•
7-1
.
-
■
<6-19
.*.*.••
6-
6
8- 5
v.
.preferred
4%%
2nd
(quar.)
1
6-20
5-29
$1.25
7-15
6i23
50c
6-30
6-14
7-
6-14
!___
,30c
(quar.)
6-
;
5
preferred
(quar.)
5
conv.
Reo
7-
1
6-13
7-
1
Inc.
6-10
6-26
6-16
6-15
5-31
9-
1-
1
6-13
60c
7-1
6-13
50c
7-10
6-19
7-
6-17
$1.50
15c
$1.75
;
1
6-15
7'
5-23
1
6-13
7-1
6-13
Engineering
preferred
Co.,
6-16
6-
6-30
6-14
25c
7-
1
6-
3*
25c
>6-16
6-
6
$40c
;
7-1
30c
9- 2
$40c
25c
com—
(quar.)
53%c
(quar.)
87%c
12-
6-2
1
.11- 1
6-27
8-
6-17
1
7-
7-
7-
1
6-10
7-18
(quar.)
1
6-2
35c
7-1
6-6
$1.12%
.common—.
(quar.)
'7- 1
6-6
$15c
(quar.),
62%c
—
7-
1
6-30
5-30
6-10
,
6%
(stock ^dividend)
1
6-10
1
Common
7-
6-14
6-15
6-
I
6%
—:
1
Republic Pictures ;Corp„ 1st .conv. pfd. (quar.
7-
1
7-
1
6%
6-16
.
Rexall
preferred
Drug,
A
Inc
5-31
6-
•Rice-Stix
5-30
—
6
7-
1
7-
1
6-10
Dry Goods—
preferred
(quar.)
7% 1st preferred (quar.)
7% '2nd preferred (quar!)
7- 1
.6-10
7%
20c
6-30
6-13
7%
6-10
Richfield
6-10
7- 1
6-10
7- 2
6-10
12%c
<7-1
6-16
90c
<7-:l
6-10
25c
(6-16
<7- ,1
10- 1
preferred
Oil
Corp.
(quar.),_^
(quar.)
$1.75
—
* 6- 7
Rieke
Metal
Products
(quar.)—
5-15
n
8-14
9-15
$1.75
—
7- 1
6-14
$1.75
10-1
;9-15
25c
.6-25
6-28
10c
6-30
6-20
"
6-25
6-10
•
,
1st
2nd
•
2
7- 2
$1.75
(quarj_
1
7-
25c
7-1
6-15
6-13
7-
25c
6-30
6-20
9-10
25c
:
—
Reymer & Bros., Inc
Reynolds (R. J.) Tobacco, 3.60% pfd. (quar.)
Rheem Mfg. Co., common
(quar.)
6-9
7-15
6-10
$1.50
(quar.)
—
prior
6-20
9-20
12 %c
common
Extra
6-16
6-
12 %c
—
6-15
12 %c
—___
—
Steel,
6
8-1
6-13
A
1
$1.18%
(quar.)
Republic 'Drill .& Tool Co.—
Common
(stock dividend)
Class
2
9-15
$1.25
Textiles, Ltd. Class A
Motors,
6-9
6-
50c
Co
convertible
Renfrew
2
7-1
6-16
<6-30
25c
Corp.
preferred
5-28
25c
preferred
Remington Rand, Inc.,
2-5-38
5-28
6-18
25c
(quar.)
pfd. (quar.)
Reliance Mfg. Co. (Illinois) —
3% % convertible preferred
5
J
-.6-18
93%c
(quar.)
Reliance Electric &
6-
6-30
'
$10c
9-15
11-
6-30
7-25
1
,<2%c
0-14
11-15
7-25
-
(initial)
12-15
2-15-48
6-16
25c
Ltd.
1
8-
7- .1
$3.50
1
8-15
6-20
6-12
8-
$3
7-
$2.10
1
25c
10-
6-17
7-
7-10
$1.50
*
class B—
Bit
6-20
30c
Corp.—
(quar.)
7%
preferred (quar.)._,
4%% preferred A (quar.L__
Roller
1
8-30
—
Co., 3%%
(Pittsburgh)
prior
6-10
7-
$1.50
—
(quar.)
$2;40
1
$1.50
(quar.)
Stores,
5-29
7-
$2
—
1
6-16
$1.25
—25c
common™—
1-1-48
6-27
7-1
25c
5-28
1
6-16
50c
preferred
$1,00.%
(quar.)_
preferred
Petroleum Corp. <qf America__^
Pfeiffer "Brewing
Co._:__________
.7-
>6-16
Regent Knitting Mills, Ltd.—
$1.60 non-cum. preferred (quar.)
$1.60 non-cum. preferred (quar.)
$1
20c
,6-30
$1.75
(quar.)
$1.06%
(quar.)
4y4%
<,
preferred
Bros., Inc
Regal Shoe Co. (increased)
1
6-27
40c
$2
1
5-28
$1.18%c
20c
(reduced)
7-
,
$1,75
Reeves
■
■
(quar.)
$lc
(quar.)— I—
Ltd.
$1
$1.25
6-30
$1.75
preferred
(quar.)
Purina
Republic
com.
7- ,1
,(quar.)___—
Reed-Prentice
6-13
6-27
6-12
53c
5-29
6-13
$1
(quar.)
Service
5%
7-10
$1.12%
6-30
7-15
$1.25
Reading Company 4% 2nd pfd. (quar.)
Reading Gas Co. (Pa.) (s-a)
Real Silk Hosiery Mills, common
6-14
1
6-16
30c
6-29
35c
—
6-30
6-30
35c-
6-16
,
50c
Republic Petroleum Co., common
(quar.)___"_
Co.
common
Rapid
2
7-25
$1.25
•
.
Gas—
original
preferred
Randall Co.,
t
(quar.)___
Mines,
Inc.
6% .1st
Rand
4
30c
Peoples Drug Stores, Inc. (quar.)__
Peoples Gas Light & Coke___
Peoples Telephone Corp., common (quar.)—
Perron
.
6-16
4%ft VW> '(fluar,) _^_.L-_w;'.;. 53yaC t rt :8-l'5'J,"'.
"U
-6-14
.
6-
50c
preferred (quar.)
Pennsylvania Water & "Power,
5.-29
6-15
1
15c
;
Co.__„
Y.j—
(quar.)
Corp.,
preferred
$4.50
$2.10
6-16
3c
National
«
6-2
6-27
C.)
(N.
Industries, Inc.,—
preferred (quar.)__
Sound Power & Light—
Rand's
Pennsylvania Telephone Corp.—
6-14
7-1
25c
Pennsylvainia Glass Sand Corp.
'
5% .preferred (quar.)
'4y2%
7-31
7-1
8c
__—————:—
National-Sugar tRefining »Oq.
.
0-15
.
15c
-
—
Corp.,
25c
Pennsylvania
6*20
Co.—
dividend
National Steel Car
-6- 6*
7-1
50c*
series
Industrial
(quar.)
(quar.)—
6-12
(quar.)
6-16
preferred
Electric .Switch Co.—
$1.20 preferred class A
(quar.)
Penn Traffic Co.
(s-a);____
6-24
Oklahoma—
&
6-18
preferred
(J.
of
6-30
<
6-12
(quar.)
6-28
25c
Penney
Co.
Electric
Raytheon Mfg„
(quar.) L____—
6-24
6-16
6-
50c
5
50c
45c
6-16
50c
6-
6-16
Electrotype, common
Quarterly
Raynier, Inc., $2 conv, pfd.
50c
1
___
6
,6-16
;
20c
(quar.)
6-
■
jgo. of New Hampshire—...
—
6-15
30c
5
6-27
$50c
5
.
com.
5
25c
6-16
.Oil
Reed
Telephone
5
1
5-26*
•
777-
7- X
7-
$1
7-15
7-15
.7-15
.7-
6-25
50c
6-9
50c
75c
(quar.)
6-20
9
58%c
6-18
:$1
6-20
1
7-
50c
5c
75c
7- 1
7-
$3c
Colorado—
50c
,
6-2
50c
50c
(quar.)
com.'
6-18
6-14
1
*
25c
Utilities Investing
$3 preferred
(accum.)
$3.50
preferred
(accum.)
6-5
preferred
6rl4
.
2
7-
$1
,6-14
7-1
7- 1
6-
7-
$35e
7-1
7-15
$1.25
Railway
Penn
7--14
7-1
8-
2
415c
$1
9
10c
7-
$$1.25
(quar.)
6-20
,7-
$$2
•*
6-20
1
6-20
Common
;
9
Ltd.—
Pictures
(quar.)___'_
Transportation Co. (quar.)
9
$1.12Va
$1.25
(quar,)___
7-
$1.50
56%c
$l%c
(s-a)_
Radio-Keith-Orpheum
(quar.)__
^
Railway Equipment & Realty Co,, Ltd.—-
6-10
6-20
!___•
pfd.
7-
$2.50
8% preferred (quar.)__
Quaker Oats Co. com.
>6-24
6-16
,,(quar;)
6-13
7- .1
2
1
Co., 5%
Pyle-National Co.,
5-27
,20c
Pipe Line—
(quar.) _____;
Inc.
; Common (quar.),
<12-5
8-30
.6-27
1
(quar.)
6-20
1
7-
6-
$2.50
of
convertible
Pure
7-15
$1.50
(quar.)_,
(s-a).
,7-15
15c
(interim)
65c
Electric
Cos.,
Peninsular
6
8-15
$$1
$75c
(s-a)
preferred
Pullman,
share.
—__
6-20
(quar.)__
_____________
6%
6%
Paramount
9- 5
1_l-48
$1.50
common
preferred (quar.)—
preferred (quar.)
4y2%
5%
10-1
12V2c
——._
National Malleable & Steel Castings—
I
,
&
preferred
Parmelee
6- 9
25c
<
Extra
National Linen Service,
i' 'I
u.
-7-'2
$1
»»'
<
preference
Telegraph
Aggregates (quar.)
preferred
4%
6-17
7-1
9-20
$1.50
7-15
pfd. A'(quar.')
Mines, Ltd. (quar.)„_,
Puget
6-20
2
African
per
6-30
$$1.50
$5 prior pref. ,(quar.)
Puget Sound Pulp & Timber—,
6-20
2
distribution
37c
6-13
7-31
(quar.):
9-20
2
2s
1
7-
6-16
Publicker
$4.75
6-25
6-20
25c
60c
Co.
6-25
1
7-10
$30c
(interim),_
preferred
6-20
,
net
1
,7-
62 %c
(quar.)
2
Eastern
Paraffine
.7- 1" •■•0- 9
7-1
6-9
^20c
—
(quar.)_
,7-
$1
preferred .(monthly)__
preferred (monthly),
1st
7-
7-
v,
10c
15c
10- 2
-
6-17
7-
Publication
7%
5-29
»6-24
,,^6-30
preferred
6-13
10-
(quar.)
(quar.)
(quar.)
Page-Hersey Tubes, Ltd.
6- 6
6-13
6-1
41%c
.preferred
1
-7-
preferred
4%
6-16
5-20
6-30
tlOc
(reduced)
Panhandle
1-22
10-20
5-31
1
(monthly)_____
Service
7%
6-30
6-17
—
Co.
preferred
Public
f.7-
410c
Public Service (quar.)____
Pacific Telephone &
Telegraph Co.—
,6%
6-16
425c
Pacific
:
6^25
7-1
6-24
;
Service
4%
6
$$1.25
com.
Atlantic
Coast
Common
6-3
6-
$10c
common.
the"! South
Railway
Pacific
1
1
6-1
,7-
62%c
common,,—
Public Service Corp. of N.
J.,
6%
preferred
.(monthly)
$5
pfd.
Indemnity Co.
Mills
(quar.)
'
National
6%
Gas
6-19
8-1
10-30
7- 1
*0. -
Co.,
convertible
&
7-
6-30
'25c
Ltd.,
be .approximately
Pacific
5-,29
7-1
$1.25
$2
Ltd.,
of
6-6
-
6-14
(interim)
Pacific
-:6-30
6-15
1
4*
6-30
62%c
&
Service
Public
(quar.)
tax, .the
,6-6
7- 2
-7-15
;25c
$1
7-
(quar.)
4%%
Dome
Increased
6-16
__U
Products,
7-21
.7-2-,
1
15c
<6-10*
7-15
50c
.
Insurance
&
6- 2
.
7- 1
7-
6-
7-15
5c
'
Inc
preferred
Public
6-10
97J/2c
,
"■• 7- 1
40c
(quar.)
Fire
,
6-10
America—
Light Deat & Power Co.,
Common
(quar.)
;
,5% preferred (quar.)_;„'_ji____
Pacific-American Investors—
6-10
6-16
-
* 40c
150c
(quarj
City Lines,
National
1
3
1
6-14
7-1
,25c
non-voting
1st
7-
6-20
25c
1st
tlOc
Electric
5%
7%
'7-1
6-16
(quar.)
Products
Car,
Service
6%
___.
fit Debenture
Elevator
Public
6-13
-
1
1
Merchandising
National Bank & Trust Co.
6-10
30c
of
Ottawa
<
f
Register
(quar.)
(Detroit) (quar,)________
'
7-
$1
____
/•
6-
'
$4-preferred (quar.)
National Electric Welding Machine—
Common (quar.)
—
r
6-27
<93%c
Casualty
National
i
Otis
Ottawa
50c
__________
:common
*
6-2
25c
quar.)
(quar)
preferred
National
4
6-30
'6-16
7
$2.50
(quar.)
Co.
.partic.
Quarterly
7
6-
7-
B
7-1
Inc
shares
Public
5-28
6-
6-16
50c
preferred ,(quar.)
6-30
$1.25
Orpheum Co., Inc. (Seattle) .(irreg.)
Osgood Co. (Ohio), class ,B
6-16
2
6-24
$1.12%
(quar.)
(quar.)
Supply Co.,
deduction
wili
7-
1
common
preferred
Common
2
6-24
'
1
7-
Providence Washington Insurance (quar.),__
Provincial Paper, Ltd., 4% pfd. (quar.)
Publication Corp., common voting
6-10
6-
7-
.7-
15c
25c
preferred
6-16
«
$3
(s-a)
50c
(quar.)
(quar.)__
.non-resident
'6-27
(quar.)—;
3TYsC
*(Md.)__—20c
National .Breweries,. Ltd.,
,<
Ordinary
1st
Class
6-16
6-16
75c
—
Steel
East
6-16
6-23
$2.50
(quar.)
Sons
5-26
1
37 %c
(quar.)
&
Proprietary Mines, Ltd.
Prosperity Co. Class A
<6-14
6-25
$25c
,__—
Co.
7-
5c
$1.10
common
Beauty
After'
6-30
——______
.
<
6-19
7-15
(quar.)—
7 %
-
1
2
20c
preferred .< (quar.)
O'okiep Copper Co., Ltd.—
<
10c
guart'd (s-a)
National Battery Co. (increased
National Biscuit' Co., common
1
!
6-27
preferred
Securities
6-16
7-15
(quar.)______
—
convertible
Nation-Wide
.
;
12-26
—___
Nashville & Decatur RR., 7»/2%
Nathan Straus-Duparquet—
'
'
9-26
—'75c-
—
Industries,
Ontario
<
77-
15c
A___
(s-a)
(quar.)_
Co.,
Brothers
5%
6
20c
Ontario Lean
<
,
4c
—;___—_____ '<■
Corp. -
.
'
,
$2
t$1.50
1__
preferred
Service
8% ^preferred
'9-18
12-18
—_
1—
(quar.) r
Nash-Kelvinator
'
" -'
:
(quar.)
(quar.)
a
-
37Vac
—
Nhmm's,". iInc.
6-16
$1,50
$1.50
$1.50
—
System, Inc. com.
preferred (quar.) —;—
Myers
7-10
pfd.
^Participating convertible .preferred .(quari)
Participating
,
Participating
„
8-15
50c
8%
6-10
______
Co.
Lambert,
$5 2nd
6-20
75c
Life -Insurance
.Common
-
1
' 6%
*
f
'
preferred ifquar._—
preferred ;(quard_*__L-i-:—-L-——
Mutual
*
,of
9-2
7-1
6-10
$3
non-cum.
Steel
6-14
Quarterly
Ontario
6-206-21
50c
"
<
•
•' t •'
„
America—
' 6%
!
,
7-10
"
'.
*
r
held)
"*
?
w.
*
■
<v
'6-16
6-
(quar.)
non-cum.
Olin
«.
6-12
f
7- 1 '
7- X
40c
'.(initial)
share
6-30
,6-26
6-25
1
8
6-16
2bc
(quar.)
Co., Ltd., 4%
Propper-McCallum Hosiery—
6
1- 1
&
Water
6-
7.7-
$2
$1
RR.
(quar.)
Alexander, Inc.
&
&
5%
class
com.
K.)
Pressed
7-21
6-20
2
6-10
6-10
preferred
Price
'6-30
75c
B
.prior preferred
Line
1
8-
93%c
Co.,'4 y2% ,preferred
.Omnibus <Corp.
50c
:
Motor .Specialties^—
s
class "A (quar.)^--^ri-------^_---—
$2
-■■'
t
'
6-16
2
25c r,
Muskegon
'
6- 2
7-
20c
(irreg.—-2--*---—
Mfg.
8*15
<6-16
•
Old
6-14
/
.$1,-18%
____—_
Murray-Ohio
x
$5
Ohio
1
9- 1
$1.75
(G. C;) Company—
- •.
Jpreferred (quar,)
Murphy Paint Co.,. Ltd.
(quar.)_
Murray Corp. of America, common__jr_"_i_
'4%%
5-31
6-12
7-
25c
;______—
1
.6-15
/
30c
________
pfd.
5-31
7-15
6-
6-25
6-25
Extra
5-31
6-20
6-15
1
25c
common
(H.
5%
6-12
$1.50
i.
Mississippi Telegraph (annual).
Ohio Public Service, 3.90% pfd.
(quar.)
Ohio Service Holding Corp.—
6-26
62%c
—______
B.—;
Murphy
-■
•
Co.
Mfg. iCo., class
preferred
(quar.f
Ohio
"
6-11
.6-15
RR.,
common
Co.
Ohio Finance
5%
20c
Co.,
class
Edison
"<4.40%
f-
1
$3,3,7%
-
Mullins
Ohio
'6-11
.
Brass
Common
1
6-16
,__
"Power Corp. of Canada, common
6%
1st preferred
(quar.)
6-12
7-
$3.50
Mfg; Co.
Ohio
-
(s-a)__
Adams
'T.)
Prentiss-Wabers
6-20
6-30
(quar.)
Mfg.
4%■ non-cum.
Porter
Pratt
*
6-16
preferred
6%
30c
(increased)..
Ogilvie Flour Mills, Ltd.; common
.
6-23
2
2y2
(quar.)_^_—
5
*
Mueller Brass
preferred
6-
6-24
5-15
(increased)
2
7-1
of
(s-a)-t
7-
50c
Formerly Galvin Mfg. Co.
"
*"
Mount Vernon Woodberry Mills, com. (s-a)r
'
6%%
prior preferred
(s-a)
Muehleback Brewing Co., com. (initial)
5%
participating preferred
(quar.)__
4
Co.
Nova Scotia Light & Power, Ltd.
Nu
Enamel
Corp
62%c
6-20
'7-1
6-30
5-31
$1.75
(quar.)
Port Huron Sulphite &
Paper,
Lines—
5
.'.'
——
r
Gas
Telegraph
4S-
59 3/10c
—
<6-
6-16
7-
15c
$2.50 2nd pfd.
<6-16
$2
2
Oak
5
6-16
Service
7-
.
y
Natural
3%%
6-13
6-
6-14
7-15
2c
Mining
(resumed)
Polaroid Corp. 5%
1st pfd.
'Power,
guaranteed
Norwich. ^.Worcester
7-1
,6-16
6-30
(s-:a)____.
Public
Northland Greyhound
15c
-6-20
$1.37Ya
5
•-
".—_—.—
Corp.,,—
Inc.'
Motorola,
4%%
Ry.
Indiana
6-13
6-27
$1
(quar.)
Co.
Co.
(H.
Preston
6-
"
1
25c
RR., 7%
Central
Northwestern
-
7-
$1.50
2
—
Mills,
Carolina
Northern
6- 5
6%
Investment—
7-
Lines, common
(quar.)_
preferred
(quar.):
4
5y2%
1
6-30
:
Polaris
every
(accum.)
preferred
(accum.)
Northern
6
Co.,
6-28
6-20
6-30
(irreg.)
6- 6
•'
6-23
2
7-15
6-16
7-1
7-15
1
Atwood
Powdrell
.Electric
7-
$1.75
Rubber
1
:
dividend
Northern
-
Oil
Plymouth
50c
distribution
a
(Wisconsin
6-13
(quar.)
Chocolate
Poindexter
Corp.—
held
of
&
Plymouth
4
$50c
For
1
(quar.)
(quar..)
6-
$1
.
7-1
7-
30c
Mills
North
6-16
&
7-
50c
(quar.)
&
Nut
Inc.
5-29
7-
1
7-10
$10c
preferred
Gas
Plume
1
6-16
10-
Conn.)—
(quar.)
6-16
7-
15c
preferred .-.(quar.)
American
North
6-16
6- 5
Pittsfield
40c
t$l-75
,L___
(quar.)
<
Plough,
Coal
Planters
6-30
25c
6% ' preferred
4
1
shares
Cash
•.North
•
6-13
30c
t$1.75
(quar.)
B'
100
-
6-9
6-18
$1.06'A
liquidating)
(Hartford,
(quar.)
7-
50c
Inc
$4
6-16
93%c
1
$2,50
Co
preferred
20c
Ltd.
common.
6-14
Moore
(quar.)_
'
(partial
shares
»
7%
American (Co.—
Common
v
6-14:
<
-
Mines,
Mills,
Common
1
7-1
.7-
10-22
10c
7^10
7-
$1.50
—_____
convertible
•.*
1
7-
Locomotive
Works, Ltd. (quar.)—
$20c
.Telegraph Co.
(quar.)—
! t48c
Corp., Ltd., common (quar.)_-____v.—
155%c
;' 4% 'redeemable .sf pref (initial) ___-_____tl6 7/lOt;
*
•:<
—
7-15
50c-
j
■
6-14
,
1
7-
(quar.)
"
10c
7-1
$1
pfd.
(quar.)
American <Car
$2
North
6-14
•
-
'" ' '
7- 1
20c
_
quar.)
-Montgomery Ward & Co.
/
$7 Class A .(quar.)
6-16
-7-1
'
North
<>v
.
,6-14
•
•
7- 2
-
87 %c
"
<
•'
1
7-1
62'/2c
'
/
(increased quar.)
preferred
.»•
pfd. .(quar.)
pfd. (quar.)
$3.50
■■'■Jim
$1.50
5%
Chemical
Co.
7-'I'-"'-
preferred
Noranda
6-16
t75c
Monroe
6-15
1
7- 1
tlOc
(s-a) is,;
(
6- 4
tl5c
>-■
>6-10
7-1-/ :
6-14
933,4c
6%
Noblitt-Sparks Industries,
Nonquit Mills
Nopco Chemical Co.
6-20
6-26
12%c* '■-<
com.
Monroe
1
/. 7-
•
1
5-29
93%c
(quar.)__!
Mines
Governor
Pittsfield
Niles-Bement-Pond
6-10
M
7-
(quar.)
Corp., 3%% pfd.
Industries, Inc., common
Extra
5-31
-
6-20
62v2c
(initial)
Equipment
2
6-20
|25c
(Mass.)
v
7-
25c
(quar.)
5-29
7-1.
$2
$25c
.
Monarch Life Assurance
4
6-16
___
75c
(quar.)
(Ohio),
A
Pittsburgh & Lake Erie RR
Pittsburgh Plate Glass Co. (increased)
Co.—
Niagara Wire Weaving (quar.)
Nicholson File Co. (quar.)
5-29
7- 2
6-13
(s-a)
Electric
4 y2 %
6-20
6-16
1
50c
Newport
Newport
l%c
J75c,
^
7-
2
5-29
6-30
Pittsburgh Ft. Wayne & Chicago Railway—•
6-12
$2.50
6-
50c
Extra
6-6
Corp._____
5-20
- \
1
6-27
Mining
6-5
6-16
7-
25c
(s-a)
Gas
Co.
Gold
Royalty Co. (s-a)
Pittsburgh Forgings Co.
2
50c
6-30
7- 1
&
pfd.
Pilot
2
6-
$1.50
:
Co.
Telegraph
Co.
6-
Co
6-16
25c
RR.
Electric
Trust
Newmont
6-13
6-16
(J. ,J.)
6-30
1
6-16
Newberry
7-15
,$^.50 *
7-
1
6-30
62yac "
Extra
Co.—
(accum.)
Telephone
75c
Extra
*
2
A
Harlem
preferred
York
$1.25
_
'4%%. preference
<•
;6-
3%%
Cannihg Co.—
-;
Monarch
,
6-17
preferred
25c
—
Brewery Ltd. (quar.)
Molybdenum Corp. .of America—
'
rr.
3% %
Pilot Full Fashion
6-14
10c
York
1
$1
6-20
10c
New
_
S.)
pfd, (quar.)_•
Inc._
7-
(quar.),
Pierce
:
7-15
com.
6-10
1
15c
Ontario
Mojud" Hosiery,
4
Co.,
(quar.)
Insurance
Crew
Pillsbury
City Omnibus__*
(s-a)
7-
1
6-2
7-
30c
25c
common
Quarterly
50c
1
50c
Corp.,
Picxie
1
York, Chicago & St. Louis
6%
Philco
Phoenix
7-
&
J.)
Mfg.
Mohawk
New
5-31
6-10
7-
York
Molson
.
Auction
(quar.)_
Holdert
7-
$1.50
,
Co.,
(quar.)
preferred
5-31
$1.50
York
56V4c
5%
6-30
(quar.)_
Jersey Power & Light, 4%
Y.
Extra
(quar.i__.
Electric
When
Payable of Rec.
$1.25
Philadelphia Transportation Co.—
Participating preferred (s-a)
Philadelphia & Trenton RR. (quar.)
6-16
22y2c
New
,
6-16
(quar.)
New
(quar.)
6-10
(s-a)
Co.
6-13
Brewing
(J.
Extra
Water
6-20
B
Modine
'
7-
preferred
conv.
6-20
Co., Ltd. (quar.)
'
Mobile'& Birmingham RR„ 4% pfd. (s-a),Modern Containers, Ltd. (quar.)____
,
6-13
Insurance
1
'
1
1
6-16
Watch Co.-r-
6-30
Corp.
Mitchell
7-
50c
(quar,)_,__
^preferred
Class
N.
6-13
&
6-30
com.
(quar.)
(irreg.)
Mississippi Power, $6 preferred (quar.)
Missouri-Kansas Pipe Line Co., common
'
6-13
1
1
1
(quar.)_____
55
Philadelphia Suburb&n Transportation—
6-30
7-
7-
Share
preferred
$5
preference
$1.50
.'
Minnesota Valley
1
1
7-
6-16
'
7-15
13c
preferred
$1
Telegraph—
7y2c
i
pfd.
conv.
preferred
5%
6- 2
7-
25c
50c
—,—
Fire
Clock
Haven
New
$2
Co.
A
Mission
New
(quar.)
6-14
6-20
$1.75
2V2C
Milliron's
'
6-10
(quar.)
common
Company
'
*'
4y2%
6-10
7- 1
Co.,
Philadelphia
$1
Hampshire
1
$6
6
6-30
113c
(accum.)__
Haven
1
6-
$1.50
(quar.)
(quar.)
—
New
7-
Ltd.—
pfd.
$6
(accum.)
New
9
7-
(quar.)
(quar.)
Miller-Wohl
Co.
*
6-20
6-
50c
pfd.
conv.
Manufacturing
,5%
7-15
6-23
6-4
6-16
25c
Insurance ,Co.
England Telephone &
Reduced
.
7-1
$3.50
Company
Philadelphia
England Public Service Co.—
New
25c
Extra
4V2%
1
6-14
10c
(quar.)—
'
Class
6-
1
20c
—_—
com.
Telephone,
preferred
i$6
60c
preferred
preferred
Miller
7- .1
(quar.)
Products,
non-cum.
Midvale
Products
Corp.,
1
8%
97VaC
,
Michigan Bumper Corp..,
Michigan Sugar 6% pfd. (accum.)
$2.40
6-30
$2.50
(quar.)
Mickelberry's Food
6-30
(s-a)
(quar.)
Landries,
$1.75
7%
_
preferred
Brunswick
New
pfd.
Per
Name of
5-29
20p
6-30
6-30
7%
Paper
6-20
15c
;
Common
1
50c
20c
.
Corp.
Metal .& Thermit Corp.,
7-
6-16
>
(3215)
Holden
Payable of Rec.
35c
Co.,
Corp. —!
Nekoosa-Edwards
$1.12%
common—
(quar.)
'
Co
Nehi
-
1
Transit
When
Share
Co.
10c
_—
common
7-
National
Natomas
75c
______
Messenger
Company
6-12
1
7-
Per
#
Name of
Payable of Rec.
35c
87%c
;__i
Holder*
When
Per
I
■
CHRONICLE
MiM
56
THE COMMERCIAL & FINANCIAL' CHRONICLE
(3216)'
J
Name
5%
Raisin
Riverside
Metal
Riverside
Silk
partic.
$2
B
Class
Co.
Mills, Ltd.—
A (quar.)
—
prior
Corp.,
Cable
tlOc
Extra
1
7-
1
Standard
7-
1
6-20
Extra
Standard
20C
7-
1
6-13
7-
1
6-13
(quar.)
Co._l—
Mfg.
Royalty
Class
St.
6%
6-20
6-10
6-
5
Steel
7-
1
7-15
7-
1
6-25
6-10
1
6-10
6-11
6-30
6-11
Stern
5-31
Sterns
$1.25
$25c
—
Remedial
$$3
Schiff
6-20
Stokely-Van
5%
prior
Loan
7-15
7-15
6-20
7-
1
6-14
7-
1
6-14
50c
6-30
6-14
50c
7-
1
6-20
$1
7-
1
7-
1
6-11
Associates,
6-30
6-14
12-20
12-13
50C
—
7-
40c
(quar.)
7-
25c
(quar.)
1
6-10
17 tec
6-16
6-
5
6-16
6-
5
1
6-20
6-10
6-16
6-
$1
4%%
6-14
6-
5
6-
6-16
6-16
5
Sherwin-Williams
Breweries,
Seattle
Sick's
5-26
6-16
5-26
Tennessee
6-16
5-26
Tennessee
1
5-29
4.10%
6-20
6-14
Texas
6-30
6-12
Texas
6-
2
B
Oil
7-
1
6-20
Thermoid
5%
5te%
Ltd.,
Simpsons,
6200
Sloss-Sheffield
Steel
$1.25
7-
1
6-16
$1.25
7-
1
6-16
Oil
(quar.)
—
7-21
6-30
31tec
6-30
6-
2
6-30
6-
6
$1.38
(initial quar.)
1
6-14
6-27
6-10
7-
62 tec
25c
7-
1
6-20
6-27
6-13
West
Penn
4.32%
Common
preferred
(quar.)
Southern Indiana Gas & Electric
Southern
non-cum.
4y4%
Union
Gas
preferred
Southland
Co.,
common
(quar.)
Royalty
Southwestern
Life
—
.
.
Union
Asbestos
6-11
Union
Carbide
6-30
6-11
Union
Insurance
(quar.)i
(quar.)1
6-30
6-
6-15
5-20
8-15
7-18
United Aluminum
$$1.50
7-15
6-20
United
5
&
Sparks-Withington
6%
convertible
Bros,
Squibb
D
preferred
5-26
6-16
5-15
6-16
5-15
9-15
8-1B
15c
6-15
6-
4
(quar.)
Mfg.,
preferred
Pacific
(quar.)
Aircraft
Artists
preferred
United
Chemicals,
12/1000ths of
Inc.
share
share
Corp.
United
6%
Fuel
class
1
7-17
8-
1
7-17
7-
1
6-18
6-16
6- a
ZZZ1
I
_
$2
50c,
75c
(quar.).
1
1
9-29
12-39
7-
1
10-
1
9-29
1-1-48
12-39
56'/4C
(quar.)
>
6-23
56y»c
$3
preferred
6-28
7-
56 Vic
(accum.)
4(4%
/
10-
75c
/
f
1-1-48
75c
(quar.)
75c
•
■'
6-18
1
1
-
6-18
7-
7-
$1.12'/2
Co.
-
6-
6-15
5
62V4c
Co
preferred
Utility Appliance Corp. $1
Valspar Corp., common
5-29
6-16
$4
convertible
5-29
Van
de
6-20
Van
Norman
6-20
Vapor
Kamp's
Car
Holland
pfd.
(quar.)
(s-a)
9-20
12-22
7-
Dutch
1
6-16
'
6-18
6-11
8-
$2
7-18
1
20c
6-30
preferred
Co.,
(quar.)
preferred
7%
6-20
6-19
$1.75
9-10
9-
Inc.
(quar.)
pfd.
(quar.)
'
6-10
25c
Bakers,
Co.
$1.75
9-10
v
X
9-1
,
$1.75
12-10
12-
1
50c
6-16
6-
2
>
Veeder-Root, Inc.—
New
(initial
common
i
quar.)__
6-13
Velvet
6-13
Venezuela
Syndicate
6-
6
Ventures,
Ltd.
6
Verney Mills of Canada 4(4%
Viau, Ltd. 5% pfd. (quar.)
Viceroy Mfg. Co. Ltd. (quar.)
6-
1
10-
25c
25c
Heating
7%
6-16
'
9
1-2-48
62yac
conv.
preferred
7%
4-23
6-14
Freeze,
Inc.,
15c
(quar.)
7-
5c
(s-a)
7-
1
6-29
2
6-16
7-15
J3c
6-17
t56c
7-
1
6-
$$1.25
(initial)
pfd.
__
1
6-14
United
Light
7-11
6-16
6-
9
6
5-29
6-16
6-16
1
7-15
6-20
6-10
(quar.)
—
.
(resumed)—
Ltd.
(quar.)—_____
—
6-
7-
2
6-20
$9c
5
6-10
6-
9
6-15
6-
1
t
40c
6-27
6-17
M
87y2c
6-30
6-29
15c
7-
2
6-20
$3iy4c
7-
2
6-19
Gas
Corp
Improvement
Co
Railways Co.
7%
prior pfd. (monthly)
7% prior pfd. (monthly)
6.36%
prior pfd.
(monthly)
6.36% prior pfd. (monthly)—
6% prior pfd. (monthly)
6%
prior pfd. (monthly)
&
8-15
11-15
7-15
6-16
7-1
6-30
7- 1
7-1
6-25
6
Virginian
United
Bonus
Molasses
Class
J
(quar.)
Railway
B
Vulcan
7%
(quar.)
com.
6-20
6-0,1
8-
7-18
40c
6r30
6-14
75c
6-30
6-20
$1.75
7-21
Iron Co.
5c
Wabasso
6-10
6-10
Wagner Electric Corp.
Waldorf
System, Inc.
6-10
Walker
&
9
Walker
(Hiram)
9
Wamsutta
Mold &
Cotton
Co.,
Class
Ltd.
Gooderham
River
Warner
&
Worts,
Washburn
Wire
6-14
Waukesha
6-16
5-1®
6-16
5-13
6-16
6-14
Wayne
6-14
;
7-
1
6-10
7-
1
6-16
_
7- 2
6-20
$3.50
37M.C
Wayne
Water
Wellington
&
©
6-
6
Inc.
Co.
(s-a)
7-
1
6-17
7-
1
6-19
5-31
1
6-
8-15
$$1.75
20c
(quar.)
Snowdrift
7-
50c
;_
Mills
Fund,
Oil
6-
6-16
25c
(quar.)
Pump Co. (quar.)
Wellington Fire Insurance
Wesson
3
6-30
50c
common
(quar.)
Knitting
7-
15C
50c
Power,
Co.
5-13
15c
.
(quar.)
Motor
2
8-12
6-30
6-16
7-
6-13
25c
$1
7-
1
(s-a)
50c
7-
3
6-13
$1
5-31
(quar.)
7-
3
6-13
50c
11-
3
10-21
Special
6-30
West
Indies
Sugar
Corp.
6-6
6-16
6-16
Indies
West
West
6-
4
6-29
6-29
$1.37 V4
com
guaranteed (s-a)_
Pictures
(quar.)
6-13
9
1
1
$30c
Ltd._
RR.,
Bros.
Washington
8-
6-
7-
7-
50c
preferred
6-16
11-10
6-14
6-20
62yac
Mills
Baking Co.
Ware
2
2
7-
25c
*
7-19
6-16
75c
(quar.)
6-19
1
$1
5(4 %
6-10*
6-
7-
$$1
(quar.)
A
a
&
7-15
$1.50
common
6-12
Ward
e6-
6-15
$1.50
(quar.)
Detinning,
preferred
Vulcan
6-10
1
6-15
40o
5-31
5-26
5-29
62>/2C
37y2c
(quar.)
Co.
6-20
$1.25
Corp. $4.50 pfd. (accum.)
$3 conv. prior pfd. (quar.)_
5
Sugar
Corp.
(special
interim)
_
Jersey & Seashore RR. com. (s-a)
Ohio Gas Co.
(irreg.)
Texas Utilities $6 pfd.
(quar.)
West Virginia Pulp & Paper Co. (quar.)
$1.50
West
4
1
6-13
1
6-14
6-30
$1.50
7-
6-25
1
6-16
25c
7-
1
6-16
25c
7-
1
6-16
7- 1
6-16
25c
6-16
5-31
40C
Special
West
7-
15c
West
6-20
6-20
7-
Virginia Water Service—
,
ordinary
(final)
$4.50
6-20
Western
6-12
Western
Department
6-6
7-1
6-18
15c
$1.50
$1-50
50c
50c
6-23
6-23
7- 1
6-16
7- 1
6-12
"
6-16
6-
1
6-16
6-
2
6-
"•
2
6-10
787878-
6-16
6-10
5-29
6-11
7-15
5%
5%
5%
Tablet
Western
preferred
7-
1
6-30>
$1.25
7-
1
:
,
Stationery,
(quar.)
(quar.)
Paper
Sewing
convertible
6%
1
fc!
ll-.E
2-1-4®
''
7-10
I io-f i
71
25c
25c
10c
1
•'
7-
2
7-1
6-30
6-26
9-18
6-i©;
:
!
7-1
$1.50
$20c
t"
1
6-16
7-
25c
(quar.)
6-15
.6-12
6-10
6-19
.
"•
6-14
s
5-3L
15c
6-10
6-30
6-101
75c
7-
1
6-20
50c
7-
1
6-
6
$1.25
___
6-30
i2yac
7-
1
6-
6
7-
1
6-1©
25c
6-24
6-19
50c
8-
1
7-16
50c
8-
1
7-16
$2.50
Machine
Corp.—
preference
(accum.)
(quar.)
White's Auto Stores, new com.
Wichita River
Oil Corp
$4.25
8-
11-15
$1.25
Co
prior preferred
Wieboldt
£<
2-1-49
8-15
$1.25
Co.
$2
75c 2-15-48
50c
common
Wheeling Steel Co., common (increased)
$5 convertible prior preferred (quar.)
Motor
11-
$1.25 2-15-48
(George), Ltd. (quar. )
Shoe Mfg. Co
Wheatley Mayonnaise Co. (quar.)
Wheeler, Osgood Co. com. (quar.)
50c conv. preferred (quar.)
Wheeling & Lake Erie RR
Whitaker
8-
11-15
$1.25
$1.25
Weyenberg
White
6-30
8-15
75C
Weston
$4
4
6-16
75C
&
preferred
5%
White
6-
1
(quar.)
preferred A (quar.)
preferred A (quar.)
preferred A (quar.)
6-16
6- 4
7-
'
(quar.)
6-16
6-16
75C
___
(quar.)
7-15
7-15
6-13
Ry.—
.__
common
Westinghouse Air Brake..
Westmoreland, Inc. (quar.)
Westmoreland Water,
$6 pfd.
7- 2
7-1
6-28
7- 1
(s-a)
Pennsylvania
<
RR.,
Common
;
6-13
7-15
$1.50
&
(s-a)
Common
.
7-15
35c
(s-a)
Pacific
6-20
$50c
(irreg.)
& Telephone Co.
preferred
,
1
Stores" (quar.)
(quar.)
York
5%
6-
6
7-14
5%
Western
2
6-11
2
7-14
-
,
6-12
New
Common
6-10
6-
2(4%
Western
6-23
$1.12 >4
Ltd. Class A
Grocers,
preferred
Western Light
6-16*
6-
17(4%
$1.40
5
7-
7- 1
7- I
Western
6
$1.75
1
1
1
1
1
1
preferred
(quar.)
Condensing Co
7- 1
7-2
7-1
7-10
$1.25
Ltd.,
(quar.)__
Co.—
Vulcan
5-31
$1
17(4c
$1
$20c
58 (4c
58 (4c
53c
53c
50c
50c
(quar.)
Co.,
Power
preferred (quar.)
Visking Corp., class A (quar.)
6-10
United Merchants & Mfrs.—
preferred
&
6%
3
6-
(Del.)—
._
5%
com
.
Electric
$5 preferred
5-26
6-
Works
preferred
(quar.)
Victor Products Corp. (initial)
Virginia Dare. Ltd., 5% preferred
6-11*
$75c
20c
65c
55c
pfd. (accum.)—
7%
Chemical
3(4%
(stock , dividend)—
of Westvaco Chlo¬
common for each
Investments, Ltd.—
preferred (quar.)
7-
United
Victor
5-31
25c
75c
A
$1.25
8-
Co.,
5%
5
6-16
Illuminating
6-30
8-
prior preferred (quar.)
prior preferred (quar.)
6-10
6-25
held.
United Dyewood Corp.,
Gas
$1
$1
(quar.)
5%
5-10
6-
®"2^
6-20
7-15
6-30
$1.25
a
United
94C
com.
6-28
Circulit—
Products
rine
United
20c
6-10
6-
6-12
1334c
(quar.)
7
1
1
1
9-20
a
(New Hampshire)
Co.
4
7-
2
7-
1
10- 1
50c
Corp
6-
6-16
2
6-
$8.75
7-
10c
Theatre
6-20
$1.12
Y.)
7-
6-16
37(4c
RR.
6-
6-
6-
6-16
30c
6-30
6-16
7- 1
62 (4c
(quar.)
(quar.)
(quar.)
Union
1
6-16
6-39
6-16
_
(quar.)
common
6-17
20c
i
& Sons, $4 preferred (quar.)
Mfg., $3.75 pfd. (quar.)
$6
Metal
7-
7-15
6-20
Co
$1.50
$1.50
(quar.)
Co
(E. R.)
(A. E.)
6-20
6-16
50c
(s-a)
Springfield Fire & Marine Insurance
Staley
7-15
6-30
Co.—
Sprague Electric Co.
Square
1
50c
35c
G.)
Investment
37 tec
6-15
7-10
30C
62y20
62 tec
Carbon 4
of Canada,
Co.
6-10
$1.06 te
50c
43 %C
(quar.)
(quar.)
(quar.)
10c
(N. Y.)
Rubber
&
&
6-30
(Dallas)—
Quarterly
(A.
Gas
Union
7- 1
6-16
7- 2
7- 3
7-2
7- 2
7- 2
7- 1
(increased)
Corp.
6-16
50C
Co
6-14
Co.—
50c
1
$1.25
(quar.)
,
1
7-
Light
6-
Extra
6-30
75c
Co. (quar.)
preferred (quar.)
preferred (quar.)
Southwest Natural Gas, $6 preferred
Southwestern Gas & Electric, 5% pfd.
Spalding
Twin
Underwood
8-
'62 tec
/
2
6-
&
62 (4c
(quar.)—
Coach Co., $1.50 conv. pfd. (quar.)—.
Disc Clutch Co.
(quar.)_
6-16
$1.25
.__
(quarlji
6-16
prior
6-
$1.12(4
Quarterly
City Rapid Transit Co.—
5% convertible prior preferred
6-16
$1
;
(quar.)
6-29
35C
Knitting
6-20
Twin
5%
Railway
non-cum.
Co.
1
7-
93%c
Power
6-20
50c
20c
75c
37(4c
(quar.)
Corp.
6-16
$1.20
preferred (quar.)
Oxygen Co. (quar.)
Pacific
6%
Street
LaSalle
1
Co.—
Southern
Southern
.
6-14
7-10
5%
7- 1
6-16
6-15
6-15
7- 2
6-30
6-30
6-30
=
(quar.)
preferred
prior
South
United
(quar.)
participating
Southern
$4.50
208
$25c
.
1
Utah
6-
$$1.75
(accum.)
Twentieth Century-Fox Film, com.
(quar.)_
$1.50 convertible preferred
(quar.)
37 tec
original preferred (quar.)
preferred B (quar.)
7-
7-19
Utica
6-13
(s-a)
1
8 1/10C
;
Co._________
preferred
Hotel
5-26
150c
Lamp, Inc., 80c preference
Tung-Sol
Union
.
8-30*
50c
6-18
6-28
1$1.12 /a
Co., Ltd., 7% pfd. (quar.)_
Tucson Gas Electric Light & Power (quar.)-
Underwriters Trust Co.
(initial)
9-20
\f
6-17
1
1
1
2
2
1
25c
Tuckett Tobacco
1
Edison-
preferred
5-31*/
6-10
6-30
25c
250
Quarterly
Troy & Greenbush RR. Assn.
40C
California
6-20
20c
B
6-18
(Dallas) —
Co.
Trinity
Quarterly
7-
7-
5-15
40c "
(quar.)
(quar.)
preferred
Upson
6-13 7
6-19 ,.j
(quar.)
Tobacco
Match
Utah
6-16
$7tec
tlOc
115c
150c
—
7-
Southern Canada Power Co.—
5%
preferred (quar.)
Universal Insurance
20c
(quar.)-.
:
4.8%
4(4%
7-
$3
& Paper
Leaf
(N.
preferred
8%
5
6-18
6-16
—
—
Tybor Stores, Inc.__
Tyler Fixture,-5(4% preferred
Udylite Corp.
Pennsylvania Pipe Line
—
.Extra
6%
Axle
$2
(quar.)
1
6-16
6-25
Extra
Tailors Ltd. (quar.)
Ltd., new common (initial)—
Toronto Iron Works; " Ltd.
(quar.)
Traders Finance Corp., Ltd., cl. A (resumed)
Class B
(resumed)
$1
(quar.).
6-10
6-10
30c
Bros.,
Twin
25c
-
6-20
7- 1
7- 1
^. 6-16
9334c
25c
$1
Irregular
6%
6-30
$50c
Co.
Southern Advance Bag
5%
7-30
Electric. & Gas Co.—
preferred
New
6-10*
$25c
Extra
•' Southern
6-20
5c
pfd.
6-10*
30c
—
6-20
Ltd.—
(quar.)
South Porto Rico Sugar com.
South
6-20
50c
(irreg.) _
com.
Common
(s-a)
5%
preferred (quar.)
8%
6-10
5-31
Corp.,
(resumed)
Penn
2
5-16
:
(quar.)
$1.25 conv. pfd. A
South Carolina
South
Toolce
i
(quar.)'
preferred
Sorg Paper Co., 5xk %
,
Timken-Detroit
1
7-
/
9
$1
(quar.)
4(4% preferred B (quar.)
Upressit Metal Cap Corp.—
35c
Tip Top
7-
Paper. Mills,
Co.
5-31
6-16
Iron,
(quar.)—
preferred
(Howard)
Roofing
5-31
7-
Co.
B
Co.—
(quar.)
(quar.)
preferred
$3.75
Tilo
6-10
$3
.6-28
_
6-14
-
Oil
Associated
Water
6-16
Co.
&
Extra
Tide
7- 2
6-30
Common
.
5-31
6-10
5% pfd. A (quar.)_
prior preferred (quar.)
Sloane-Blabon, 6%
preferred A (s-a)
Sontone
5-31
6-16
7-15
Liquidating
4%
6-16
6-24
5%
Common
5-31
Thomas
6-27
6-16
IOC
Skenandoa Rayon Corp.,
$1.20
6-20
7-28
preferred (quar.) — $$1.12 te
(Chicago)—
4y2%
Hotel
Kenmore
Smith
6-30
13%C
preferred
6-13;/
50c
preferred
4(4%
6-19
25c
$1
125c
25c
$1.12(4
$1.06(4
Stores, common (initial).
preferred A
(quar.)
preferred B -(quar.)^—
Steel Co. com.
(quar.)
4(4%
25c
(quar.)
(quar.)
common
1
common
preferred A
4(4%
preferred
31 (4c
20c
(quar.)__
Thrifty Drug
5-30
$1
Pattern,
preferred
5-30
7-
6-
7-
(increased)
6%
7- 1
6-15
6-16
6-30
i-—
(quar.)
6-30
Dairies, Ltd.—
convertible
conv.
$15c
(quar.)
preferred
Simplicity
5%
Company
6-30
$$1.25
6-19
$1
10c
6-20
6-16
6-30
$1.75
Upper Michigan Power & Light—
6%
preferred A (quar.)
6% preferred A (quar.)
7-15
6-16
50c
________—
——
-
6-30
50c
6-16
$1.02(4
50c
50c
Thompson Products, common
4%
preferred (quar.)
Thrift Stores, Ltd.
(quar.)
50c
—
(quar.)
I
$1
Trust
Universal
6-14
Co
6-10
5c
——
S.
8%
'
6-16
7-1
Railway
Land
&
2
$20c
Royalties, class A (quar.)
Dairies, Ltd. (interim)—:
Western
Pacific
&
Texon
(quar.)
Sulphur
-
Texas
4(4 %
Silverwood
Silverwood
Extra
6-16
Co.—
(quar.)
Extra
Signal
(quar.)
Co.
i-i-
Gulf
$20c
——
6-25
40c
non-cum.
Virginia
Company
6-16
7-
6-25
7-15
Extra
6-30
877777-
7-15
50c
I.
common
(quar.)__
Tobacco,
Universal
Co.—
(quar.)
$20c
—.
Extra
Class
& Transmission
preferred
1
50c
—
7%
Co.,
Corp.
Gas
6-30
7-
7- 2
6-30
Ui
6-30
8-
S.
7-
7-15
25c
Coi,, class A (increased)
(Scranton, Pa.) (liquidating).
Potash
7%
5-31
7-31
*
U.
6-16
,
a
5-29
50c
(quar.)_„
Printing & Lithograph, 5% pfd.
Realty & Investment
;
S.
e-
6-30
35c
'
Power
6%
6-16
6-20
6-16
6-20
6-30
6-30
7- 1
7- 1
7- 6
7- 1
7- 1
6-20
8-15
7- 1
7-1
6-27
6-20
6-18
7- 1
6-15
6-30
7- 1
7- 1
7- 1
U. S.
U.
$1.75
30c
25c
25c
preferred (quar.)__
2nd preferred (s-a)
Tennessee Alabama & Georgia Ry. (resumed)
7-
6-16
a,/
50c
(Bait.)
Co
Playihg Card Co.
S.
1
6-17
$17 tec
;
(initial).
preferred (quar.)
Plywood Corp., common (quar.)
3%% preferred series A (quar.)
U.
25c
Telluride
35c
(increased)-
Malting
$1.25
15c
56(4c
$25c
150c
25c
—
—i
Textron, Inc.,
Ltd. (Quebec)
(interim)
Gas Co., class A (quar.)
Mines,
Signal Oil &
(quar.)
Talcott
(James), Inc.,. common (quar.)
4(4%
preferred (quar.)
Tamblyn (G.), Ltd., common (quar.)
4%
preference
(quar.)
—.
Taylor Instrument Cos. (quar.)
Extra
50C
Quarterly
Sigma
&
75c
preferred
31 tec
_
—
Brewing
common
6-14
$$1.75
c
5%
Bridge,
A
6-14
25c
Ltd., common
t.
v.
Class
59 %C
preferred (quar.)
Shuron Optical Co.
(quar.)
Common
Tacony-Palmyra
35c
$1
$2c
75c
common—
1
25c
(quar.)—
7%
Sick's
Corp.
(quar.)
1
50c
(quar.)
of Canada, Ltd.—
Co.
&
7-
25c
common
preferred (quar.)
Corp. of America—
convertible preferred
6-30
2
Sheraton
$1.25
25c
56c
25c
50c
4334c
25c
25o
$2.50
$1.25
50c
25c
31 (4c
15c
$1.12
35c
Ltd
Pipe & Foundry Co.
S.
6-20
90c
10c
25c
40c
7-
$1.12 te
.
Co.
7- 2
6-25
7- 1
(accum.)
Sylvania Electric Products, Inc.,
$4
preferred
(quar.)
Sylvanite Gold Mines. Ltd
25c
Corp.—_—_____—
Products,
9-30
(quar.)
Mining
22c
(quar.)
Seven-Op Bottling Co. (L. A.) (irreg.)
(Frank G.)
pfd.
$1.25
15c
Shellmar
10-10
25c
$1.06(4
$1.12
pfd
—
Shattuck
7-
6-30
6-30
25C
—
Co., 4% %,;prior
5%
class A preferred (quar.)
Serrick Corp., class A
a
Class B (quar.)
—
Steel
2
25c
25C
Sharon
7-
$2.50
$1.12 te
—
Co.
Co.
6-14
1
$1.02 te
30c
Oil
Swift
7-
Seiberling~ Rubber
6-17
25c
Sunray Oil Corp., common (increased)
4(4% preferred A
(quar.)
7-18*
1
83 tec
$4.50 pfd.
common..
preferred A (quar.)
Corp. (quar.)
Machine Tool
(quar.)
6-15
8-
8-14
Inc.
(quar.)
Corp.,
Steel
1
Servel,
preferred
Chemical
Sun
Sunshine
9-
Extra
$1.25
Suoerior
91 tec
——
(quar.)
(s-a)
(quar.)_.
Stromberg Carlson Co., 4% conv. pfd. (quar.)
Struthers Wells Corp., common (quar.)
5-31
7-
Co
Inc.
—
Strawbridge & Clothier, $5 pfd.
6-16
85c
Banknote
Brothers,
(increased quar.)
(quar.)—
preferred
7%
Camp, Inc., common
preferred (quar.)
1
50c
Co., $3.40 preferred (quar.) —
Co. com, (quar.)—.—
$3.65
preferred (quar.)
Scranton Electric Co., 3.35%
pfd. (quar.) —
Scranton-Spring Brook Water Service, com.
4.10%
preferred
(quar.)
Scruggs-Vandervoort-Barney, common
$4.50 preferred A (initial quar.)
Seaboard Air Line RR., $5 pfd. (initial)
Seaboard Oil Co., of Delaware (quar.)
Seeman
;
(irreg.)
& Co., Inc.,
Fuller,
Brook RR.
Sunset
6-10
1
Mfg.
Security
.
6-19
S.
6-12
Sundstrand
Paper
Scott
Scovill
&
(quar.)..
Sunbeam
75c
com.
(J. P.)
$4.50
6-10
$$1.06
—
75c
Works
Company
1
$3
-
.
Sangamo Electric
Stevens
Stix
$1.50
___
_
Water
Jose
7-
6-20
6-16
Baer
6-30
-
e-
7-
22y20
Quarterly
12(4c
;—
pfd.
4(4 %
Textiles,
Mfg. Co.
1
Stony
—
Francisco
7-
'
(accum.)
■___
6% 1st preferred (s-a)
preferred (quar.)
St. Louis Rocky Mountain & Pacific Co
Sabine
Royalty Corp
Safety Car Heating & Lighting (quar.)
Saguenay Power, Ltd. 4y4% pfd.
(quar.)
Semi-annual
6-16
Stern
&
—:
S.
U.
6-28
6-30
7- 2
6-30
7- 1
7-10
-
6-30
7-
1
2nd
Semi-annual
Common
Leather
Lumber
U.
7-10
10c
Co
Sterling, Inc. (quar.)
Sterling
Motor
Truck
50c
(accum.)
Ltd.—
Products. Engineering
•—
i
2nd pfd.
Co.,
preferred
S.
7-10
75c
25c
$15c
20c
87(40
10c
Sterling Drug, 3(4% preferred (quar.)
Sterling Electric Motors, common
37 tec
—
Mills,
Paper
5
6-20
7-15
6-
Guarantee
Gypsum
S.
U.
50c
the old stock).
as
Co
S.)
e-ar
6-16
25c
U.
6-30
7-15
8- 1
8- 1
paid
Lithograph—
Stedman Brothers, Ltd. (quar.)
preferred
San
well
be
will
Stecher-Traung
(L.
tlOc
Corp
Louis Bridge,
3%
San
Starrett
t$1.75
—
Corp.,
Lawrence
St.
6-13
$1.12 te
—
Ltd.—
convertible preferred
A
6-13
1
payment
as
common
new
1
J
_
(this
Corp.,
U.
93 %c
tl5c
$ 10c
..
6-16
$1.02
(s-a)
Wallpaper, Inc., 4%
Fidelity & Guaranty
7%
50c
4V2% pfd. (quar.)
Ltd., common (quar.)
(quar,)_
_,—
preferred
Lawrence
St.
on
(quar.)
Works
7-
6-20
5-15
Steel
S.
6-20
Extra
v
Ohio—
8%c
_____—
.____
Joseph Light & Power, 5% pfd. A (quar.)
St.
B
Stanley
3
7-
12 tec
6-16
U.
7-10
93yac
(accum.)
,
Stores Corp.
United
California—
of
of
17 tec
(quar.)
S.
.
i2y2c
(Jacob),
Russell
Co.
15c
(quar.)
Industries,
Sabine
Class
6-10
6-
S.
U.
25c
$1
20c
preferred A (quar.)
Stanley Brock Ltd. Class A (quar.)
6-16
1
1
7-23
U.
6-10
850
(quar.)
Co.
30c
—
(quar.)
common
Company
Ruppert
Russell
77-
25c
United
y
$2.50
Lines—
preferred
United
(initial)—
(Bait.)
3%%
6-16
1
7-
6-25
6-20
6-20
6-20
6-10
6-10
Payable of Reo*
Share
(quar.)____
Corp.—
(accum.)
preferred
States
4(4%
Holderg
Utilities
preferred
$2.04
United
6-30
quarterly
50c
Corp.
Corp.,
A
Class
Oil
Oil
$1.87
7-31
6-20
6-25
Company
Jersey RR. & Canal
Public
7- 1
7- 1
7- 1
6-16
6-20
6-20
:
Increased
9- 1
9- 1
7- 1
6-30
New
United
20c
Milling
Standard
United
5-15
6- 2
7-31
25c
75c
_
$1.12%
__—
Ruberoid
7%
8-
$2
Name of
Payable of Rec.
6-16
6-16
When
Per
18%c
,
&
Standard
(quar.)
Industries
Ross
6-20
$1.25
(initial)
common—
Participating
Gas Equipment
6-20
1
(quar.)
convertible preferred
Brothers
Rothmoor
5
1
$1.25
common
Corp.,
Steamship Corp., common
$3 partic. preference (quar.)
7-
20%
new
(irreg.)
(quar.)
Fruit
7-
(final)
Ltd.
Rolls-Royce
4%
6-
6-16
preferred
Standard
t50c
T
series A preferred
& Pendleton, Inc.
Roos
6-13
t$1.25
75c
10c
(quar.)_.
Factors
$62y2c
(quar.)
(quar.):
preference
5%
Rome
6-13
2
Co.—
&
5%
Roeser
2
7-
75c
preferred (accum.)__
Ltd. (quar.).
Rochester & Genesee Valley RR. (s-a)—___
Rochester Telephone Corp., common (quar.)_
4te% 1st pfd. A (quar.)
Rocjcwood
7-
$50c
Mills,
Cotton
preferred
Standard-Coosa-Thatcher
75c
t50c
(quar.)_
preferred
$2.50
Robinson
5%
5
6-25*
7- 2
—
L.) Mfg. Co., Ltd., com.
(P.
6-
50c
87y2C
tlOc
$3.50
Standard
common
Robertson
6- 5
6-20
60c
class
Robbins & Myers, $1.50
6-20
Share
,
Brands, Inc., common (quar.)
preferred
(quar.)
-—
Standard Chemical, Ltd., common (quar.)—
6-18
10c
Company*
Name of
Standard
6-18
1
10c
(s-a)
Co.
1
$1.25
(quar.)
(quar.)
preferred
Paper
77-
Holdere
When
"
Payable ofReo.
50c
common
convertible
River
Share
of Company
Company,
Pet'
Holier•
When
Per
Hitter
Monday, June 16, 19'4J
Stores, Inc.,
preferred
preferred
common
_
7-
7-15
6-3©
7-
1
6-2©
$1.06 y4
(quar.)
(quar.)
7-15
30c
(quar.)
12y2C
25c
(initial quar.)
7-
1
6-2©
7* 1
6-20
75c
I
Volume 165 .'Number 4603
THE COMMERCIAL & FINANCIAL CHRONICLE
(3217)
r, £
,
'
,
Name of Company
Wilbur-Suchard
Willys-Overland
$4.50
Chocolate
Per
Shate
i
,
_
,
,
(stock
Inc.—
preferred A
dividend)
convertible
100%
(quar.)____
5%
non-cum.
Wisconsin
6%
$ 1.12Mz
Power
(1897)
7-2
6-16
5-15
6-30
5-15
$1.50
7-31
7-15
Co.
8c
Light, 4%%
pid.
6-30
6-15
6-16
5-31
(quar.)
25c
Co.
4%%
7-
1
6-11
6-14
Taxes,
1
6-19
6-30
6-13
Ltd.
Co.
$50c
Wright-Hargreaves
Yale
&
Mines,
Towne Mfg.
1,019,000
.2,775,000
$2,598,659
$2,168,466
$8,293,082
$8,895,137
Net
141,259
148,872
730,231
620,745
Ltd.
$2,739,918
$2,317,338
$9,028,313
$9,515,882
548,467
620,312
2,360,675
2,277,035
$2,191,451
$1,697,026
$6,667,638
334,223
334,223
1,336,891
$7,238,847
1,336,892
6-16
Oper.
6-25
Non-oper.
6-16
6-
5
6-16
6-
5
$1.12%
6-16
6-
___
25c
7-
1
1
2
(quar.)
$4c
(quar.)
6-23
8-
1
11-
1
10-25
2-1-48
preferred
1-25
in
tPayable
The
7-21
closed
Canadian
6-16
1
6-13
1
6-13
by
6-25
6-16
Federal
the
1945.
U.
S.
funds,
the
12
6-16
6-
6-16
5-16
common
6-30
6-23
p.
6-16
income
Income
1946
special
tax
after preferred
tax
Period End. Mar. 31—
dividend.
deductible
a
15%
Less
the
at
British
Canadian
Non¬
source.
Income tax.
non-residents'
Operating
Operating
Taxes,
Corporation and
Investment News
revenues
(Continued from
Other
and
other
Income
.
i____
of
sales
and
of
selling,
administration,-except
Depreciation
Provision
of
than
for
pension
contrib.
JLosses
real
on
Normal
Net
tax
and
profits
dividends
Net
properties,
Total
for
$2,070,588
8,870,524
—____
$9,593,359
130,000
130,000
1,033,988
Prov.
Earned
per
$8,429,371
$1.50
share
common
BALANCE
SHEET,
$1,515,403
$1,553,207
177,160
769,408
718,109
82,918
372,781
Accounts
tax
and
notes
receivable, less
bonds
reserves
10,500
25,310
20,265
42,000
49,390
27,375
42,000
Prepaid rent,
insurance,
Total investments
and
taxes,
886,069
other
etc
1,098,518
5,222,275
4,824,380
150,499
63,111
1
fixed
assets
(net)
:
Short life equipment, at cost less amortization.
1
Goodwill, leaseholds, leasehold improvem'ts, etc.
The
$41,313,317 $40,652,565
—
LIABILITIES—
payable
$4,284,220
3,433,942
taxes
$3,952,455
3,719,181
—
Provision for Federal
2,906,783
taxes, and other liabilities
for
leased
4%
future
stock
improvements
to
5,379,844
•
(par
no
3
Months
i
to
Terrell
with
carrier,
Mr.
Net
for
depreciation
i.
United
profit
Special
before
the
"need
between
San
to
in
the
A
taxes—
income account
incurred
1,032,219
*253,084
56,196
43,171
120,253
353,193
credit
L
$553,005
$553,005
in
to
of
share,..
reserve
absorb
1946.—V.
and
These
West
third
t$421,509
165,
postwar
part of strike
p.
t$141,509
$0.41
for
2046.
and
corporation has called
Welsbach Engineering &
for
adjustments
$311,084
tax
;
earnings
Total
Net
1,443
deductions
air
—V.
157,060
of
J
over
accrual
of
special
$155,468
yr's
pr.
reserve
Mr.
Drinkwater
extension
to
have
handled
company
ness
during
22—V.
the
165,
all-time
an
telephone
strike,
record
volume
Joseph
3100.
p.
L.
(No.
on
filed
of
May
the
the
he
1947—3 Mos.—1946
$
1946
106,063,528
Orders
unfilled
373,561,735
Sales
Income
Federal
for
Drinkwater
firm
the
first
To
would
short
he
of
have
with
the
Nov.
(par
$1)
27
was
granted this corporation
from
an
Francisco-
San
point.
Portland,
route addition
decision
to
result of
Ore.
line
in
was
certificate
and
had
in
direct
a
"By
said
needed
American
traffic
is
This
DC-6
other
of
between
of
extraordinary
to
added.—V.
Western
costs
at
to
reflect
the
contract termination
war
22,034,642
in
the
same
bearing on Western's position
Mexico
line
settlements.
and
ture
and
of
the
award
of
the
consolidations
sale
of
Seattle-Portland
granted
Western's
to
United
steam
It will
different
with
Sunnyvale
option
an
at
Westinghouse
cross
a
plant
divisions,
combine
divisions
be
chief
March,
the
the
in
section
of
ranking
*
buy
at any
one
of
East.
the
officer
for
the
With
of
on
the
first
manufac¬
separately are
exceptions,
some
dictated the appoint¬
For organization and
Coast.
comes
under
repair
division*
the
Elevators—
company's Westinghouse Elevator Division
establishment
the
Westinghouse manufac¬
however, the Sunnyvale plant
the company's manufacturing and
Establishes Firm Prices
the
among
which
products
all
of Westinghouse operations has
executive
of
management
to
be
location
single
a
will
purposes,
immediate
largest
May 29 announced
on
firm
price policy in place of a policy
delivery.
At the same time Walker
White, Manager of the division in Jersey
City, N. J., announced price increases of up to 4% on the division'*
products, electric elevators and electric stairways.—V. 165, p. 2842. of
price
adjustment
at
a
time
of
Whitehall Fund, Inc.—Initial Dividend—
directors have declared
the
on
capital stock, payable
1947.—V. 165, p. 2046.
30,
an
initial
July
19
dividend
to
of
holders
10
of
cents
record
a
share
on
June
Wieboldt Stares, Inc.—Sales Higher—
1947,
the
the
like
For
"
reports net sales for the 13 weeks ended April 26,
to $13,504,490, an increase of $1,056,931 or 8.5% over
corporation
amounted
period
the
of
increase of
p.
preceding
the
39 weeks
ah
ended
year.
April 26, 1947, net sales
the corresponding period
totaled $44,876,395.
last year.—V. 165.
1238.
21.9%
over
Air
Wisconsin Hydro Electric Co.—Earningsroute
was
and
the
only
that
operation
its
on
856
miles
this
of
which Western
one
type
could
of
made
plane.
have
not
it
too
Yet,
competed
and
millions
Quarters Ended March 31—
Gross
earnings
is
the
Los
local
for
DC-6
traffic
which
sufficient
Angeles
to
aircraft,"
Mr.
would
justify
be
iir'so?
"6.505
—:
—
taxes
and
State
•
Federal
Income
taxes
ocnol
18,000
______
os'aqo
the
Drinkwater
(Mo.)—May Sales—
1947—Month—1946
6,752,000
16<®6
Maintenance
Depreciation
Net
Net
1947—5 Mos.—1946
—V.
$3,963,000 $19,547,000 $18,167,000
4,662,000
23,167,000
20,577,000
earnings
$58,878
—:
,
deductions
Total
$4,272,000
19.4'n
______
Operation
General
imagination
—
a
last
manufacturing
entire
This expansion
of
■■
Denver-Los
opening of CAB hearings on
Angeles-Denver route to United
Los
by
plant
operation,
size.
many
operating
■"•••',
the
of
30, 1948.
full
in
produced
one
formerly operated by the Joshua Hendy Iron
Calif., 40 miles south of San Francisco, on the
Southern Pacific RR.
The. company
acquired a
the
on
Sunnyvale is to
turing plants.
the
traffic to and from Los Angeles with American
sales
tLoss.
electrical
of
plant
the
of
dozen
The
equipment, Western
Period End. May 31—
57-acre
major
recognize
City
1364.
sales
20,585,640
Sunnyvale,
at
in
operate
consolidations
the
Western Auto Supply Co.
Wholesale
to
t2,150,601
the expanding demands of the West for
half
proposal went before the CAB for hear¬
aircraft
Denver
p.
2,211,440
11,060,195
before Nov.
The
route
Airlines
between
proposed
economical
several
165,
-Crl6,534,00OCr46,755,047Crl6,583,374
con¬
:
10-year lease
time
Sates."
route
the
this
DC-6
stretch
no
available
tax
postwar
meet
It
bearing
into
that
the
on
-
11,511,761
7,551,465
5,668,575
Westinghouse has assumed operation
machinery plants on the Pacific Coast.
Seattle.
concerned
to
Western
"two important addi¬
which
authorizing
direct
a
United
Western's
without
fl9,051,830
Cr2,253,410
income
main
SEC
stock
northward
for
entered
witness
segment for
a
said,
31,452,123 410,361,638 522,213,584
tl8,684,601
5,418,575
carry-back
•Revised
$2.18
$3,750,000.
Drinkwater
tax
for
Net
$1,970,987
May 20 told the Civil Aeronautics Board
why
withdraw from the
"race
for
transcontinental
to
sale
for
Mr.
16,478,770
profits tax
tingencies
May 20.
on
decided
was
taxes
refunds
329,186
$
719,631,348 572,265,166
642,090,960 373,561,735
provision
Federal
Prov.
$2,300,173
Proposed Sale of Denver-Los Angeles Route—
Mr.
140,121,973
before
Income
$5,745,559
1,705,386
1,740,000
642,090,960
__
billed
299,654
intermediate
CAB'S
and
have
and
on
sai4
1947—12 Mos.—*194©
$
booked——201,021,891
$5,445,905
capital
19
referred
emphasized
Angeles route to United.
telegraph busir
President,
Westinghouse Electric Corp.—Earnings—
$10,419,257
1,743,298
3,500,000-
6847)
route
via
Lines
bearing
of
Egan,
,f
Period End. Mar. 31—
ment
the
Western
no
159,18©
164, p. 2874.
company's
result
of
$131,709
Cr27,480
155,468
taxes
.
Western Union Telegraph Co.—Handles Record Volume
Subs.)—Earnings
transport picture.
will
part
$289,37ft
157,669
_
income
When
that
which
that
1,733
$312,527
income
Appropriation to
for
324,803
shares
Coast
additions
Coast
$287,645
405
profits
the
$5.38
Board
Air
5,539
76,000
45,700
Other income
em¬
used
Nil
returned
redemption on July 1
next. $12 000
Management Corp. collateral trust 5%'
excess
$
paid—
which
for the transcontinental
T.W.A.
(The) Welsbach Corp.- -New Name—Partial
Redemption—
til
(&
amort
justification"
to
factor
benefits
Retail
The
be
1947
Francisco-Oakland, Portland
Lines
1946
129,825
income
special
5,752
88,300
1912.
p.
profits taxes
Wash.,
and
common
will
the
decision
was
Western's
certification to operate to Mexico
City, Mr. Drinkwater said. The CAB
felt that it "cannot now ignore this
authorization and
$4,491,730
t280,000
tPortion
with
through officers,
Proceeds
States.
United
expenditure
per
Federal
199,498
1,200,000
proposed
Balance-
•Loss.
notification
sold
must
1947
and
25,055
taxes
.
Pacific
additions
granted
He
credits;
Earnings
165,
pattern"
on
135,183
24,414
taxes
security
85,617
141,666
Capital stock tax
Federal income tax
$10,219,759
statement
said
49,03$
49,479
85,746
property taxes
The
?.
on
be
share.
a
north of San Francisco-Oakland was
the
tions to the air transportation
1947—5Mos.—1946
;—^
taxes
of
Lines, Inc.—Registration Statement With--
Drinkwater
367,223
Maintenance
Depreciation
.
company's announced policy to become a Western
regional
which will permit it to provide the best
possible service in the
8,429,371
31—
—
Provision
to
common
Drinkwater, President, said the
11,484,112
$8,880,893
Interest charges
Depreciation
letter
a
stock.
■
1946
$1,076,758
Operation
apparatus,
Seattle,
C.
the
Subs.)—Earnings—
March
1947
$1,105,820
revenues
May
Idaho—Files
the
western
$12,460,041 $11,700,987 $60,933,253 $55,676,220
interest,
448,936
$5,175,959
-
ing in Washington
sales:.
Profit: before:
d'Alene,
5.
its
of
Oakland
his
Ended
filed
cents
dividends
common
northwestern
1947—Month—1946
165, p. 2716.
Coeur
period
Aeronautics
6,500,000
$41,313,317 $40,652,565
Walworttii Co. (&
:
Co.,
50
Co.—-Earnings—
398,738
Operating
$1,006,529
6
excess
traffic."
Net
$1,246,312
deplet. and
and
June
2,000,000
May, Sales Increased QVi%—
,
Western New York Water
Years Ended March 31—
$311,255
Routes Extended—
would
Total
—V.
•Deficit.—V.
Excess
covering
2,000,000
6,500,000
$100)
par)___'__
>
Period End; May 31—
Sales
920,880
$482,944
Works,
9,891,862
stock
shares,
$1,403,824
$1,575,294
1,144,210
$4,851,156
11,484,112
.
(1,292,485
surplus
income
on
of
etc
preferred
cumulative
Earned
cost
properties,
Common
$261,559
1,382,755
.
registration
decision.
Accrued expenses and
Reserve
316,847
(net)—______
for
on
and
The
Total
$1,308,334
95,490
"$282,735
99,510
$294,360
of
at
165, p. 1364.
withdrawn
544,447
2,550,179
assets
757,019
14,720,932
555,451
—
Total
accounts
$89,653
mining property.—V.
stock
extension
1946
18,278,749
Inventories
Trade
of
profit
The Civil
1947
Treasury
85,881
Crl93,259
Dr53,939
354,868
6,495
drawn—
31
$11,867,187 $12,512,564
1,802,907
6,131,593
—
S.
shares
agents
Western Air
$1.50
MARCH
ASSETS—
Cash
$2,402,720
32,705
J
_
$1,455,465
June
on
deprec.,
share
—V.
1,033,988
$9,891,862
period,:
CONSOLIDATED
U.
for
Preferred
last
of
*$85,869
income-
Social
7,522,771
$11,055,850
—
end
$543,345
21,825
oper.
Excise
$392,036
income
to
—
surplus
Dr54,397
$337,018
165, p. 2460.
Dr500,000
i,
jDrl2,388
913,307
164,
1947—12 Mos.—1946
;
income
Net
dividends
Balance
share.—V.
per
$1,644,314
398,002
Mining
400,000
and
Total
Per
dividends
Drl5,583
(net)__
$2,488,601
of
$334,146
$1,993,588
$2,185,326
surplus
Preferred
Common
shares
2,935,000
$1.41
West Virginia Pulp & Paper Co.
1,380,000
577,000
etc
beginning of period
$1,169,0*4
229,571
31,
112,140
Other
,
profit
Balance
March
2738.
Star
Federal income
after applicable income taxes
Reserved for future cost of improvements
$2,409,423
Cr47,694
*$53,164
Reversal
__
p.
prospecting
com¬
pany
leased
ended
$406,500
52,360
1,330,000
affiliated
*$127,261
Cr53,780
$2,169,014
226,152
after
61,681
53,893
1,365,000
in
was
6 Months Ended April 30—
Profit from
operations
income:
surtax
investment
available
$395,827
36,538
tax
of
on
339,636
398,000
$2,185,326
sale
on
months
$56,191
income
393,000
profit
Gain
income
company
ployees
356,706
estate
on
1,000,000
$537,695
Cr21,233
™
Orders
—
Capital stock, State income and franchise taxes
Excess
The
64,019,164
338,548
properties
Provision for Federal taxes
12
adjustment)
15,700
10,042
leased
1,813,000
income
Net
94,714
a
to
the
not
are
with SEC—
SEC
75,327,463
equipment
employees' retirement
to
$4,222,423
Net
The
and
occupancy
164,
West
779,000
$565,170
1946
$79,757,944 $69,576,398
and
trust
Improvements
—V.
-
15,000
income
Income
income
p.
29,644
$29,161
income
165,
$68,750
29,716
$39,106
727.
(F, W.) Woolworth Co.—May Sales Up 7%—
Combined
Retail
236
on
were
sales
units
the
1,763
in
same
and
-
$11,024,000
operation
date
last
a
charges
basis
10,500
inc.
on
or
'
*$112,261
rents
rents
ry.
Gross
includes
Fed.
depreciation
taxes
1946,
reduction
5,704
for
Net
depreciation™
buildings
for
194,172
-—
Gross income
Total income deductions
$79,577,928 $69,394,800
180,016
181,598
Total
Cost
1946
shortened
a
86,515
other
Operating
1947
income
(net)
on
16)
page
31—
store
reductions
$368,782
expenses
Non-operating
Walgreen Co. (& Subs.)—Earnings—
sales
31,
representing
1947—3 Mos.—1946
Maintenance
tax.
facil.
Real
General
6|Months Ended March
amortization,
2737.
Prov.
Net
March
adjustment
to
share
per
(excluding
stock
In
31,
Dec.
340,000
Net
*
5-31
2
Federal
j
ended
$1.81
tax
Such
income
j
$0.46
months
due
Government.
net
last.
on
Fixed
for
on
31,
$1.50
$877,695
Operating income
$5,330,747 *$5,901,955
West Penn Railways Co.—Income
Account—
this
revenue
Equipment
1945, of certain facilities under Necessity Certificates issued
The
15c
less
taxes
Federal
25c
funds,
$1,362,803
$0.63
income
to Sept. 29,
7-
in
$1
for
$1,857,228
share
$1,753,627 in respect of special
1
25c
15%; resident tax 7%.
in
net
7-
30c
surplus—
per
stock
common
Jamaica income tax.
not
expenses
oper.
2,935,000 shares of
56y4c
(quar.)_;
Co
books
resident tax
7-31
income
on
7-
Young (L. A.) Spring & Wire
Youngstown Sheet & Tube__
Youngstown Steel Car (quar.)
Youngstown Steel Door Co
tPayable
Net
7-25
and
Ry.—Earnings—
common
and
30
1945.
1947—Month—1946
1947—4 Mos.—1946
$3,173,602
$1,673,297 $13,309,975
$9,887,994
2,295,907
1,785,558
9,067,552
7,718,980
revenues
Other income
for
stock
15c
Corrugating
•Transfer
dividends
20c
com
xLess 30%
income
Balance
6-10
15c
37%c
(quar.)
deduct.
Jt.
Net
6-10
15c
inc.
Preferred
6-6
6-23
h
i
of 62 %
cents pet
to holders of record June
March
on
and
Period End. April 30—
Operating
Operating
5-27
7-1
25c
(quar.)
preferred
Total
7-19
7-
Gross
6-20
8-
common
convertible
income
5
(quar.)_
15c
Corp.
income
paid
Sept.
on
paid in
5
6-
15c
Co.
as
Taxes
6-27
7-30
f 25c
Co.,
Yolande Corp.
4%%
1,276,000
6-27
Common
York
5-31
2,977,471
282,379
6-20
Common
6%
1,799,121
282,150
4,002,000
6-20
Extra
Yellow Cab
York
1,896,054
3,469,339
70,169
depreciation
50c
Co
Machine
cents
same
Western Maryland
487,528
866,914
for
25c
Monthly
Yates-American
50
cents
of building area.
The factory includes a
large group of
manufacturing buildings, a three-story office
building, and
of service
buildings.—V. 165, p. 2842.
number
70,169
Prov.
$1.75
50c
paid
the
75
feet
one-story
a
967,961
$1.12%
(monthly)
668,213
Fed¬
555,717
The
square
$34,048,071 $31,444,058
13,083,689
11,845,064
3,021,757
2,869,886
6-20
7-
25c
Jr.,
than
with
30
has purchased from the Curtiss
Wright Corp. buildings
Tonawanda, N. Y., which it leased about a year ago.
property includes about 47 Va
acres
of
land
area
1
$1
10%
convertible
746,901
other
eral income
dividend
a
The company
land at
6-30
10c
(quar.)__
prior preferred
2,838,802
of $2,
and
1947—12 Mos.—1946
3,172,967
compares
57
-Cent Dividend—
declared
lo
Buys Tonawanda, N. Y. Plant—
Subs.)—Earnings—
$8,119,092
Maintenance
2
(&
June
on
comm°n stock, payable June
company
total
3003.
p.
1947—3 Mos.—1946
expenses
7-
(quar.)
prior preferred
4%%
Operating
7-
dividend
Wrigley (Wm.)
'
6-11
164,
$9,388,374
revenues
15c
(quar.)
common (quar.)
7% preferred (quar.)
Wool Combing
Corp. of Canada, Ltd. (quar.)
Worth'.ngton Pump & Machinery, common
Stock
oper.
15c
Cotton
Woods Manufacturing,
Woodward & Lothrop,
1
above.—V.
Corp.
Period End. March 31
Total
$2.25
;
Petroleum
7-
Welsbach
West Penn Power Co.
5-31
$1.12%
Woodall Industries, Inc. com
Wood (Alan) Steel' 7% pfd. (accum.)
Woodside
Engineering & Management Corp.—Name
Changed—$12,000 of Bonds Called for Redemption—
bee
directors
This
Welsbach
6-10
$1.12%
(quar.)
The
i£*ai!J?n the
24.
6-1
7-1
Western Electric Co., Inc.—62
the
Co.—
Extra
Woodley
6-20
$$2.50
Power 4% % pfd. (quar.)
Power &
1
6-30
(quar.)
Investment
Wisconsin Michigan
Wiser Oil Co.
7-
J25c
51ectric
Wisconsin
10-year sinking fund bonds, due Jan. 1, 1953, at -100 and interest.
Payment will be made at the Fidelity-Philadelphia Trust
Co., trustee,
135 South Broad Street,
Philadelphia, Pa.
The Welsbach Corp.
was
formerly known as the Welsbach Engi¬
neering & Management. Corp.—V. 164, p. 3003.
6-12
$1.06V4
_____
preferred, (s-a)
preferred
"Wisconsin
6-26
t50c
Co., $4.25 preferred (quar.)
Electric Co., common
Winnipeg
Holders
Motors,
Wilsil, Ltd.. (quar.)
Wilson &
When
Payable of Reo.
at
May
year,
and
$8,625,000 $42,714,000 $38,744,000
31,
1947
were
246,
the number of
1,578,'respectively.—V.
165,
p.
2716.
compared
Period End. May 31—
with
wholesale accounts
1947—Month—1946
$
Sales
-^-V.
44,987,757
165,
p.
2843.
$
1947—5 Mos.—1946
$
$
42,014,785 209,437,885 $194,884,384
«'
58
Federal Reserve System issued
Governors of the
April 29, its monthly indexes of industrial production, factory
employment and payrolls, etc.
The Board's customary summary of
business conditions was made public at the same time.
The indexes
on
month and a year before, follow:
for March, together with a
1923-25
average
1935-39
-
—Seasonal
-1947-
1946
Total
Feb.
Mar.
189
168
Mar.
Feb.
Mat.
Mar.
•189
Industrial production—
♦186
164
185
Manufactures—
•197
Minerals
Construction contracts,
173
*193
193
170
183
•221
219
181
176
166
•171
171
162
*147
>—
222
♦175
——^
196
•223
Total
Durable
Nondurable
146
137
*142
140
130
value—
t
;
.
..
other——
factory employment—
151
147
t
131
148
"t
152
129
t
135
135
t
Total
Residential..--..^«.
All
"
149
161
t
127
158
*154.4
Durable
*181.2
Nondurable goOds^.^^w—.
*133.4
*153i8
1153.8
1142.2
♦180.6
1180.1
♦132.7
1133.1
1124.4
Durable
1310.7
1238.3
r
1344.5
1277.7
1232.1
146
139
137
133
132
*277
Freight carloadings
Department store eales, valwfe
142
269
258
♦265
222
238
t
252
JRevised.
172
•177
275
t
Department store Stocks, value
NOTE—-Production, carloadings, and department store sales indexes based on daily
To convert durable manufactures, nondurable mairUfactures, and minerals
to points in total index,
shown in Federal Reserve Chart Book, multiply
durable by .379, nondurable by .469, and minerals by .152.
Employment
.
of
Bureau
without seasonal
index,
Statistics.
Labor
based
indexes
Revised
be susceptible to
Winter wheat has
adjustment,
indexes
>
from
: •/.'.•
•
and payrolls index compiled by
1945 forward released
January
to
PRODUCTION
Adjusted for
Pig iron
;
Mar.
Feb.
—
Feb.
J191
169
*194
1191
169
t
191
168
t
191
168
■.
207
Steel
Mar.
Mar.
—
equipment
Transportation
161
412
276
207
*278
233
209
•
V
161
286
276
207
233
*234
r
176
174
J446
179
286
•234
Electric
Machinery
174
1446
*278
—
1207
207
176
1207
179
412
hearth,
Open
1946
1947
Mar.
steel
209
114
*191
190
114
♦191
190
Nonferrous metals and products
*200
•203
139
*200
203
139
refining-*r~~~-.
t
188
121
t
188
121
147
125
*140
135
120
§ Automobiles
Smelting
and
Lumber and
'•
>
*148
products
Stone,
Clay and glass products
167
142
204
184
136
159
154
152
t
153
125
150
♦155
155
143
*228
232
204
♦219
221
197
*259
260
217
♦259
260
217
162
*172
173
*172
162
173
;
160
161
147
160
161
147
270
260
245
270
260
245
t
177
173
173
t
120
134
t
119
120
t
134
140
t
98
84
t
81
62
f
tH5
148
t
120
144
'*157
157
156
*166
158
122
*163
*149
159
140
*138
*160
♦159
167
*152
137
t
180
products_^____^_i._^_
Tanning
leathers—;
hide
Calf and kip leathers
•
leathers.
lamb
and
—
Manufactured food productsWheat flour
1__
1
Meatpacking
manufactured
fruits
Processed
t
177
t
123
foods__
and
veg._
Paper and products
Paperboard
-
{
128
t
145
140
t
102
t
84
62
f
t
144
t
120
144
140
139
160
119
152
129
*142
*143
148
163
*84
86
157
148
t
157
181
165
180
181
*
*140
v
82'
89
148
165
89
Newsprint
Petroleum
By-products
Beehive
—
Chemicals
125
110
129
122
114
t
171
t
t
171
*142
130
*139
*142
130
172
151
t
172
151
165
145
t
165
145
413
337
*409
413
337
*252
253
232
*254
*289
290
256
♦289
*429
429
382
*244
246
221
♦152
150
145
♦163
162
168
*113
107
*151
*117
Industrial
chemicals__
Rubber products.—,.
254
256
*429
429
382
*244
246
221
*152
150
162
168
125
*113
107
125
♦149
138
*151
149
138
122
89
*83
83
44
73
28
v
MINERALS
Fuels
■"
Bituminous
coal—
Ahthracite
Crude
petroleum
Metals
;
.
;■
Iron urfe
•Preliminary:
•
fData not available.
tRevised.
iThis series is currently based Upon mtfn-Ndur
statistics *fof plants classified in
the Automobile and autombbile parts industries and is designed to
activity
during
trailers,
and buses; production of bodies, parts ahd
the
month
-
connection
in
with
assembly
measure
of passenger
.
^
ctfts,
trucks
accessories/including replacement
100)
147
149
155
147
149
155
180
171
165
182
182
of the
in most
mal
147
141
146
144
130
121
111
1141
96
89
111
159
166
134
159
159
Forest
_w_
..
products..
134
171
Merchandise,
172
121
50
43
35
151
Miscellaneous
145
143
144
136
76
78
79
74
79
and
were
In Federal
convert
Reserve
coal
Chart
and
miscellaneous Indexes
to points
in
total index,
Book, multiply coal by .213 and miscellaneous by
Growth
shown
.548.
wheat
winter
of
spring
is
areas
than"
later
weeks
one to
usual.
Smaller
production than last year
is in prospect for all spring crops
except
snap
beans, cantaloups,
honey dew melons and WatersReductions
melons.
one-fourth
about
to
range
cabbage, egg-plant, onions,
peas, green peppers
greed'
and tomatoes
but of these
Orily onions and greed
expected to be below
Production of green lima;
beans, beets, honey dew melons;
shallots and spinach also is ex¬
pected to fall below average, but;
peas
are
average.
the reductions from last year
less marked.
are1
Early reports indi^
cate about one-twelfth less, truck
crop acreage for
year, but
crops
harvest than
iasjt
still well above average.
intended
The
of
acreage
truck
for processing is about 2%
less than the
Reduction
1946 planted acreage.
for
planned
are
processing
crops
k except
all
green
lima beans, sweet corn and
pimi-
The canning beet acreage
entos.
•
frorri
one-half for
was
slow
generally
country, but
two-thirds > of
Yields
1 average.
North
the
in
Northeast
cooler than •apparent.
Central and
regions.' Nights gener¬
by
early
and
States
ings.
Winter Wheat
:
Grass
\
and
start, but are
tion.
789,000 bushels is
in-promising condi¬
produced in 1946.
production
is
1,625,*
indicated-*—
previous
874 milliori, bushels
record crop -of
uni¬
crop of
now
about 17% more than the
pastures got-a late
Hay cdriditiori is rather
;-s
A wmtef- whfeat crop of
May 1 indicated
53 million bushels
above April 1 prospects and com¬
formly good, indicating a
- , ■
.
■
pares with the 1936-45 average of
frequently in¬ about 100 million tons. First cuts
653,893,000 bushels,
The>54,294,April weather in of alfalfa have been made in only
000 acres remaining for harvest is
a few areas, in contrast with gen¬
of the country.
rived
ting
the 1947-48 citrus crops con¬
work Was
terrupted
most
for
exceed tinue favorable in all producing
barley is re¬ "Stafes.^-"r
to
expected
are
registered
west coasts, but
an
Spring ar¬
Pacific Coast
Mexico, permit¬
in the
New
early start on spring
plant¬
The situation has continued
favorable there
tRevised.
NOTE—To
planting also is delayed.
cotton
most
three
freezing to
usual
136
78
I.e.3
in
from average. Fall sown
80 degress iii potted iri uniformly good coridi*
in -, Oklahoma and
several sections.
It was warmer tion, except
than usual along the eastern, Grulf Texas where frost damage is still
extremes
below
166
159
production of spring season truck
crops
for the fresh market, al¬
though less than last year, is onesixth above average.
The season
-
Temperatures averaged near nor¬
Field
Grain
.4
Seedingof spring grains has
greatly retarded in the cen¬
tral part of the country. This will
result in a significant Shift from
acreage plans reported- in March.
Reporters in North Central States!
except Minnesota and the Dakritas,
Where it is not yet too late to seed,
say that seedings of small grains
may fall from 10 to 30% below
the planned - acreages* in various
States.
Oats are chiefly affected,
barley to some extent and spring
Wheat only slightly.
These de¬
creases may be offset by increases
in acreages of corn, soybeans and
perhaps flax if the cost and sup¬
plies of seed permits.
Seeded
fields
are
coming up to good
stands. Soil moisture is ample and
been
moisture pre¬ ment is indicated at 4.6%, only
west, frost occurred on the night#
Less than half the usual about a third Of average. Winter
It is too early}
amount of rain fell in most of oats, which make un about two- of May 7 and 8.
California, Arizona, New Mexico thirds of the total oats acreage in to evaluate the extent of any pusand much of Texas.
In Arizona, the ten southern States, were re¬ sible damage. Fruit is developing
particularly, the dry condition is
ported in better than average con¬ later than usual east of the Rock¬
serious.
Irrigation water appears
dition.
Some fields are heading. ies but earlier than usual in the
ample in most northern mountain
Another large peach crop;
The shortage of nitrates for top- West.
areas relying upon storage facili¬
is in pTospect with a record pro*!
ties, but areas dependent upon dressing may result in relatively
yields.Rye production is duction estimated for the ten early
stream flow may become short* low
southern States.
A large crop is
An area centering in Arizona con¬ estimated at 25 million bushels,
lan
last year,* but only expected in California. Prospects
more
tinues in critically short supply.
country.
Coke
Livestock
seeding was delayed well past
optimum dates:
- .• •
'!
viously.
ally were cool over most of the
CARLOADINGS
(1935-39 average
,-
harvest,
cow was lower than
May i; 1946.
Egg production
iri April Was below that of April,
1946 in all parts of the ebriritry;
but well above average, both hi
total and per layer. The -number
of chicks and young chickens on
farms is 6% less than a yeahago,
as the downward trend iri poultry
numbers
continues.
Aggregate
arid
productive
parts; and output of nonautomotive products made in the plants covered.
FREIGHT
rela¬
even though rainfall
below normal in some areas,
kept fields so wCt that preparation
145
*163
■
234
290
t
Rayon
•
effects of excessive
129
t
Gasoline
86
138
*409
products
89
*142
*139
coal
89
127
t
consumption
and
86
140
124
production
89
*139
t
Newsprint
the?
in
may be a third below that of 1946
during
April, with
significant reductions for
fell in a large area extending from though progress was faster at the
kraut cabbage and pickling cu¬
Oklahoma, -Kansas and Nebraska end of the month. It was only at
jointing
stage in southern cumbers, but smaller reductions
across
the eastern Corn Belt1 to the
southern Michigan,
and on the Kansas on May 1, but a year ago for other vegetables. - - . v
•?•
east-central Gulf Coast.
Much, of it.was at the "boot" stage.- Soil
Prospects
for
practically all
moisture
appeared
ample - from
Virginia, West Virginia, Tennessee
and the Carolinas received below- New Mexico throughout the Great fruit and nut crops continued fa-:
normal rainfall, which gave that Plains as well as across the north¬ vorable during April.
In many.,
ern wheat belt.
Acreage abandon¬
area a chance to recover from the
fruit areas of the East and Mid-$
119
/
a
most of the country from the
Central
Great Plains eastward.
Double the normal amount of rain
'
Printing and publishing___
on
over
134
t
■
-
'
Goat and kid leathers
Sheep
136
154
164
textiles
Cattle
*126
202
Rayon deliveries
Other
*166
*2 09
117
t
Textiles and products--.
Cotton
consumption
Shoes
142
192
137
159
Gypsum and plaster products
Abrasive and asbestos prod.
Wool
108
167
218
♦162
products^--
Leather
lis
♦166
*138
-
Plate glass
Cement
Clay
.
♦218
Lumber
Furniture
-■
'
yields are expected
average
was
production above last year.
Spring truck crops are expected rapid development is expected if
Last year
to produce about one-eighth less May weather is warm.
than last year's record tonnage, the season was unusually early
and
seeding
of
practically all
but will be above average.
Early
potatoes,
except in Texas and grains was completed by May L
This year, hoWever, spring work
California, were planted later than
usual and have developed slowly. was just starting in northernmost
Production for late spring harvest ureas. Plowing for, corn, soybeans
is now estimated only about two- arid other late crops has thus been
thirds as large as last year.
The delayed - but with modern me¬
hay crop will be smaller than in chanical equipment to do the work
either of the past two years, but a little apprehension is felt on this
Seeding of rice,relatively large carryover of old Score, as yet.
checked • temporarily in
hay will furnish an ample supply though
Arkansas by
rain, is well ad¬
per animal unit.
Pasture condi¬
In the southern part of
tion is lower than on May 1 of the vanced.
the Corn. Belt corn planting is far
past two years, but above average.
Rainfall during April was heavy behind schedule and in the South
—Seasonal Adjustment—
1946
•194
MANUFACTURES
and
above
with
Without
1—1947
be
tively small acreage for
(1935-39 averages 100)
.
—Seasonal Varlatioh—
Iron
acreage loss
in history. Rye
■••
suffered less
than indicated earlier
and has improved in condition in
practically all major areas. Pro¬
duction is now expected to exceed
a billion bushels for the first time
averages,
1947.
INDUSTRIAL
■
moving
3-ihonth
oh
rather uni¬
frosts.
centered at
second month, F. W. Dodge data for 37 Eastern States.
To convert indexes to value
figures, shown in Federal Reserve Chart Book, Multiply total by $410,269,000, resi¬
dential by $184,137,000 and all other by $226,132,000.
April 15,
crops, particu¬
Rocky Mountains but will
damage by May
of the
indexes
contract
short
and
on
by
late
feeding
requirements.
Fruit has progressed slowly east
tData not yet available.
Overages.
Construction
dry
and
duction per
formly good.
Grasses, meadows
and pastures have developed Slow¬
ly, but are reported in good con¬
dition. ' Hay stacks remain rela¬
tively large, though- they have
been exhausted in some local areas
1244.8
t
goods-,.._
Nondurable goods
•Preliminary.
fall-sown
of
larly Winter wheat, is
Factory payrollfr-*
t
ies,
on
The condi¬
intended earlier:
ers
1132.1
tl41.Tr
1125.1
Ran^e
Rock-^
years.
we
than farm¬ teni, rains,
crops will be planted
tion
1132.6
*154. S
t180.7
1133.8
recent
pastures are late east of the
•.-••■
,
Total
"
other
most
'
of spring grains, rest of the country spring work is west.
particularly oats. If May weather delayed, varying from nearly nor¬
Dairy cows were well fed and*
mal in the Mountain States to,two
permits, farmers will shift to corn
corjinued record production liB
and other crops for which "the best or three weeks late in the eastern April,
though fewer in number
Corn Belt.
Some improvement than last
planting dates come later.
This
year.
Total production
could result in a larger aggregate occurred 'in the South, but not was slightly higher than last April
production, since corn, produces enough to > overcome. the back¬ and only 1 % below that of April,
more per acre than oats in the af¬ wardness resulting from February
1945.
But the seasonal upswing
intermit- was delayed arid on May* 1 pro¬
fected areas.
Perhaps more oil and March conditions,
Adjustment—
1946
——r-1947-
Pasture condition at 82%
compared with 84 andf
in the past two years, exceed#
normal
-tended acreages
Without
Adjusted for
which
Prospects for spring-sown crops
average =
—Seasonal Variation—
87
Southwest from Western Texas tor
give in part below:
May 1 were still dimmed by California, but good in most north-*
the backwardness of the season, but fall-sown crops showed improve¬ ern areas. Rain is needed to mairi*
ment.
Ample to excessive moisture in most areas has been a factor tain growth in various sections.
in delaying spring work past the optimum time.
Farmers have been Range cattle arid sheep are in good
Unable to complete seeding of in-^
condition except in the dry South*
its crop as of May I, 1947,
for factory employment and payrolls;
== 100 for construction contracts;
100 fOr all other series.
average £» 100
1939
of
Department of Agriculture at Washington on May 9 issued
The
INDEXES
BUSINESS
April.
Agricultural Department General Crop Report
As of May I
Federal Reserve March Business Index
The Board <5f
Monday, June 16, 1943k
FINANCIAL CHRONICLE
THE COMMERCIAL &
(3218)
sections
were
except that some
becoming
dry,
cluding much of California. In
eral cutting as
sas
far north as Kan¬
Pas¬
yet in north¬
and Virginia a year ago.
tures were not
ern
were
States
still
in¬
with hay.
the
were
in use
and
in
being
earlier
areas
supplemented
Kansas wheat pastures
utilized
during
much
of
12%
more
more
than
and the
since
The
grain
than
the
last
year,
33%
ten-year average,
largest harvested acreage
1919.
acreage
:vi
not harvested for
is expected to
be 4,6% of
the total acreage seeded
last fal
.Volume 165
Number 4603
"
THE COMMERCIAL & FINANCIAL
CHRONICLE
compared with 7.1% last year and
Nebraska and Colorado.
the average of 14.1%.
1
acreage is
for
$41,000
The seeded
estimated at 56,-
now
acres, about half a million
forecast
263
of
Kansas
proportion of oats fall-Sown this
year
than last.
The
favorable
million bushels
the
exceeds
1931
The May
weather last Fall
previous
published
ijp December, 1946, The prospec¬
tive yield is 18.9 bushels per har¬
vested acre. This would be third
bushels.
highest
of
and
record
Oats
The
compares
vjijtlfe 18.0 bushels in 1946 and the
averhge of 16.1 bushels.
Wheat
at
a year
Oklahoma, and Texas.
age of volunteer wheat is expected Oklahoma, generally, the oats
Nebraska
rado.
Kansas
eastern Colo¬
and
Winter loss of
nearly all
cept
in
north
hastened
has
is
considerably above
there is
State.
areas, ex¬
central
some
age
weather
in Illinois and Mis¬
souri from water standing
low
on
North
land.
'
would
Central
counties.
1946
prospects improved dur¬
ing April iri most wheat sections.
Cool, wet weather, except in the
Pacific
Northwest, further re¬
tarded plant development and pre¬
sented excessive growth.
As a
result
the
vorable with
ture
conditions
the
over
in all
Great
J
the best in years.
Some shortage of moisture, how¬
area
is
ever,
are
developing
in
the
in
the
May 1 condition re¬
during the Fall; < About •
1947 acreage * is: re-*
the
ported
fall-sown
as
the
in
ten
the
1.6
million
acres
the
record-high
which
the
reduced
Digging of
the
commercial
crop
in
South
Carolina should begin about mid-
May with peak movement about
June
1.
In North
Carolina, early
potatoes made good recovery dur¬
ing the last ten days of April. A
light harvest is expected in nearly
prospective
the
47%
harvested
not
reported
states
from
each
these
of
until
May 3. In Alabama,
blight is prevalent in some fields
but favorable weather during the
early spring
last two weeks of April aided in
crop is about complete and the
the control of disease and pests.
yield should equal the previous
In Louisiana, blight has become
record-high yield.
Development
in
the
Lafourcheof late spring potatoes in north¬ widespread
yield.
The yield
of winter pota¬
toes in Texas was about
average.
Harvest of the Texas
east Texas
has
been retarded
before
than
more
wet
weather.
Planting
of
mid-Julyt
Terrabonne
and little spray¬
area
ing has been done.
However, in
the
area
Pointe
Coupee
control
have been used and the
measures
danger of widespread blight is not
serious in this section of the state.
The
commercial crop in Missis«•
sippi is about ten days later than
early crop in usual on
May 1 despite some im¬
and
movement
from
provement in growing conditions
The crop came through the Win¬ the Edison District of Kern
County
during the last half of April.
'
ter in good condition and the cool
began two weeks earlier than in
In
Arkansas, development of
wet Spring in the
major produc¬ 1943. However, early Crop yields
early potatoes has been retarded,
ing areas has been favorable for in this state are not expected to
but stands are good.
Soil mois-«
a
lush growth.
Soil moisture is be as large as the record-high
ture is adequate in all areas of
ample in the Plains States • and yield harvested last year.
this state and the crop is making
"better thari average yields are ex¬
Development of early potatoes good progress.
Growth of the
pected in most of these states. in North
Carolina, South Carolina Oklahoma potato crop has beeii
North Dakota and South Dakota, and
Georgia was delayed by Cool
delayed by cold weather during
two heavy producing states, have weather
and
excessive
rainfall
had a very favorable season and
the early spring months and plants
during the early Spring.
How¬
X Record .wheat crops are impros- states, compared with 66%' .last
riect for several States; includ¬ year and the average of 53%.'Half- prospective yields are well above
ing
Kansas; - Oklahoma/ Texas, of these stateTreported a greater both last year and average.
State and
as?-,
what lower than
by
the
Texas Panhandle crop was incom¬
plete on May 1 and shipments
from this area are not expected
10-year
average of 58% of the planted
acreage harvested for grain.
crops, and more farm'labor
of
in
southern states is reported at 79%
of normal. This condition is some¬
in 1946 but well below the
ues; This trend is principally due
to i the development of improved
dry land sections of varieties, increased emphasis' on
67%
toes
is
The upward trend in the pro¬
portion of fall oats planted in this
group of Southern States contin¬
available
point above average.
harvested for grain this year. This
is
areas.
cover
than
more
harvested in 1946 but is 40% be¬
low average.
About 53% of the
planted acreage is expected to be
Low
"ilifornia and Arizona. A general
ortage of nitrogen fertilizers for
le usual
top dressing of- wheat
fje!ds4s reported in the southeast¬
ern States. - 7
yield
acreage of rye for harvest
grain this year is estimated at
1,891,000 acres. This is about 18%
Roiling Plains of Texas, in Idaho,
and
bushels
as
slightly'below
that of last year but hear or above
average..A shortage of nitrates
for top-dressing oats is reported
crop is about ten days
11.7
was
.The
Present
same
southern States
yield
the 10-year average
is 11.9 bushels per acre.
as a year ago.
Due to cold, wet spring weather,
condition of oats in the other six
to two weeks behind
development
at this time last year.
Soil mois¬
Plains
the
ported
the
while
prospects in Arkansas continue fa¬
Yield
caused
(1942)
heading
of the lack
warm,
dry
the Crop in
are
help
Texas.
fall oats in
considerable
reand
to
has been exceeded only once
in the last nine years. In
acre
Some oats in the Low Roll¬
ing Plains of Texas
prematurely because
of ' moisture,
while
•
year ago,
a
variation within the
Montana,
Where ice formation, caused
heavy
loss. Only moderate loss of acre¬
occurred
growth;
Although the condition in Texas
is
acreage
very light in
April
ing
Texas, Oklahoma, Western
and
In
crop
is late but favorable weather dur¬
% be harvested in the southwest¬
ern winter wheat area including
plantings in Ar¬
t
of early pota¬
California and the ten
-
States except Mississippi, Arkan¬
sas,
slight
Early Potatoes
May 1 condition
59
May 1 condition of 86 reported a
year
ago but higher than the
all areas of this state the week of
1936-45
average
of
76%.
The
Rye
June 2 with volume harvest ex¬
May 1 condition is reported lower
Rye production in 1947 is fore¬ than last
pected in most areas the week of
year's condition in all
cast at 24,662,000 bushels
oh the states except Texas and Califor¬ June 9. In Georgia, heavy rains
basis
of
damaged the late spring commer¬
May 1 prospects. Al¬ nia. However,
only in Florida,
cial crop, especially in Effingham
though -this is 32% above last
Alabama, and Louisiana is the
year's very short crop of 18.7 mil^ condition
County. Planting of the summer
below average.
lion bushels it is about 35% below
commercial crop in north Georgia
Except for 1940, the 1947 yield
the
10-year average.
The rela¬ of winter potatoes in Florida is was incomplete on May 1.
Movement of the Louisiana and
tively small production is due to the lowest since 1932. Harvest of
the small acreage, since this
year's the Florida early spring crop was Alabama crops was delayed this
indicated yield of 13.0 bushels
per delayed
by cold, wet weather year. First carlot shipments were
However, the reported con¬
dition of the crop is slightly be¬
low that of last year in all these
acre¬
damage
a
seeding to spring oats.
ago.
bring April. A fairly
froduction prospects large
improved
Louisiana,
Texas
1 reported condition
75% in this group of
May
oats
States compares with 69%
came
through the winter
unusually good condition, and
isgi
(Ten Southern States)
in fall
kansas,
252 million
of
crop
decrease
Weather
record
acres above the estimate
of
caused
(3219)
Weather conditions favored de¬
velopment
California
ever, the
for each
of
the
May 1 Cdnditioh reported
these
of
states
is
one
are
just
through ' the
coming
in many areas.
ground
City Department
BOND PROPOSALS AND NEGOTIATIONS
V'l\
it"-4*v
.
>
k
Ti l.
7
ARIZONA
'■
$1,000.
Maricopa: County, Riverside
(P- O. Phoenix)p Ariz.
Bond Offering—Sealed bids will
.
able
Ibe received until
2 p.m. on June
30, by J. E. De Souza, Clerk of
I the Board of Supervisors, for the
jttrchase of $130,000 coupon school
Interest rate is not to
mds.
ited
4 %y payable
$1,000.
on;
J-J.
the
ex¬
par
it the
price
thereof
a
successful
for the printing
pay
>onds.
uncon¬
for
less
not
than
Calif.
Voted—At
the
election
bonds, including $450,000 for
Butte County,
Gridley Union
High School District (P. O.
Oroville), Calif.
1
of the
analysis of such
ranscript
shall
be
completed
period of 10 days from the
icCeptance of said bid by the
within
'lokrd
a
of
Supervisors.
Enclose
a
5%
.
.
I
•
\.rk
Fresno
Bond
,
received: until 10 a.m. (P.S.T.),
Jvne(17# by G. E. Wade, County
?ierk, for the purchase of $77,000
ioupon or registered construction
to the
2s, at
about
Interest rate is not to
ex¬
4%, payable F-A.
Bidders
be. permitted to split rates,
Due
1953,
pie bonds.
&
Denom.
1.93%.
best
Interest
bid
1, 1948 to
payable
was
an
J-J.
offer
of
America
National
of
Trust
Savings Association, San Fran¬
cisco.
"
%
for 2s
American
was
Trust
made by
of San
Co.
Sale—The
$30,000 school
bonds offered for sale
Associatibn, San Francisco, offer¬ in 1949 to 1959, and $3,000 in
I960,
100.141 fox* $36,000 as l%s, giving a basis of about 2.73%. In
and
$154,000
as
Savings
Due
Orange County, Villa Park
Bond Offering — B. J.
Smith,
County Clerk, will receive sealed
price
to
on
June
16 for
interest
1969
inclusive,
$8,000 from 1970 to 1972 in¬
Legality to be approved
by Orrick, Dahlquist, Neff, Brown
& Herrington of San Francisco.
Monterey County, King City Union
School
District
(P.
O.
Salinas), Calif.
Bonds
that the
Sold—It
awarded
is
now
stated
$190,000 school bonds
fered for
sale
on
March
1,
of¬
were
to the Monterey County
Trust & Savings Bank, of Salinas,
at
a
price of 100.04,
a
a
l%s, due from March 1, 1948 to
1959; the remaining $80,000 as 2s,
due from March 1, 1960 to 1967.
San
May
Diego County, Decanso
School District
(P. O.
San Diego), Calif.
Bond Sale
The $33,000 school
—
bonds
the
&
County Treasurer, is required.
opinion of O'Melveny &
Myers of Los Angeles will be fur¬
Legal
nished the successful bidder with¬
out charge.
Palo
Bond
nicipal
fered
were
Alto, Calif*
Sale—The
$600,000
improvement bonds
June
9—v.
awarded
tional
Bank
Milwaukee
jointly,
a
165,
the
to
of
p.
basis
of
at
mu¬
of¬
and
Bank
Na¬
San
1.457%.
the
County
v„
165,
to
National
the
Trust
was
made by
County, Sequoia Local
—
held
tion
gave a
posal
bonds.
San
states that
on
June
by
that
the
the
elec¬
voters
heavy majority to the
pro¬
hospital
•
Mateo
Calif.
$250,000 school
bonds offered for sale
v.
165,
p.
on
June 3—•
2718—were awarded to
$25,000 school bonds sold to Han-
the
naford &
Francisco, at
Talbot, of San Francisco,
at the
to issue $1,500,000
Bond Sale—The
stated
6,
County, Millbrae
Elementary School District
(P. O. Redwood City),
Calif.
Treasurer
Mateo
Treasurer
County, Del Paso
Heights Sch. Dist. (P. O.
now
—
Hospital District (P. O.
<
Redwood City), Calif.
Bonds
Voted
The
County
Sacramento
is
America
of 100.521 for all 3s
Milwaukee,
price of
July 1, 1947, and due seri¬
ally on July 1 from 1948 to 1971,
incl. Second high bid of 100.088
for
iy2s was made by Halsey,
Stuart & Co. Inc., and and C. F.
Childs & Co., jointly.
Sacramento),
9
awarded
Jones, Cosgrove & Co.
the
Dated
Maturity—It
of
June
were
—
Savings Association, of San
Francisco, at par, a net interest
cost of about 2.90%, as follows:
$26,000 3s: due $2,000 July 15 from
1948 to 1960 inclusive, and $7,000
2%s, due $1,000 July 15 from 1961
to 1967 inclusive. Second high bid
a
of about
offered
3102
p.
2102—
First
Chicago
Co.,
l%s,
as
100.566,
net interest
cost of about 1.91%, on the bonds
divided as follows:
$110,000 as
authorized at the
was
16 election.
accrued interest. Interest F-A.
A
certified
check
for
3%
of
the
bonds bid for, payable to order of
construction
July 1, 1947. Denom.
$1,000. Due July 1, as follows: $5,to
Issue
Bidder to
ex¬
bonds. Dated
1948
Offering — Harry A. Alli¬
County Clerk, will receive
sealed bids until July 7 for the
purchase of $114,000 school bonds*
of not less than par and
1,
1, 1948
June
purchase of $134,000 not to
from
ex¬
5%
interest school
bonds.
Dated June 1,1947. Denom.
$1,000.
Due as follows:
Bond
son,
single rate of interest and
Offering—George S. Jones,
County Clerk, will receive sealed
5%
$65,000 not to
ceed
1967 inclusive.
Bond
a.m.
the purchase of
June 24 for
ort
a.m.
County, Victor
(P. O.
San Bernardino), Calif.
1963 to
June
Bernardinb
School District
Sahfa Ana), Calif.
name a
County, Fairfax Sch. Dist.
(P. O. San Rafael), Calif.
11
San
School District (P. O.
to 1962
Marin
bids until
terest payable J-D.
awarded
Dated
from
2s.
National
Association of
165, p. 2971—were
to the Bank of America
Francisco.
2
a price of 100.104, aS
here—v. 165, p. 2843—are
due on June 15, as follows: $2,00d
$3,000 from, 1948
inclusive, and $4,000 from
—v.
&
June
on
2%s, at
as
noted
ing
high
Inyo County, Inyo Vrtiori Sch. Dist.
(Pi O. Independence), Calif.
as
1947.
the bidding was the Bank of
America National Trust &
Savings
bids until 11
basis of
Dated July 1,
$2,000 from July
incl.
a
Second
3
100.108 for 2V2S, submitted by the
Bank
multiple of V4 of 1%.
June
Cali¬
clusive.
2843—were awarded
p.
price of 100.216,
Second
irrespective of the maturities of,
Interest rate to be in
on
the
and
$12,000 school
County-Retirement Fund
a
>e
nil
Sale—The
165,
—v.
m
sonds.
County, Orange Center
District (P. O.
School
bonds offered-for sale
County, Niles Sch. Dist.
the
000
Fresno), Calif.
; (P. O,.Oakland), Calif.
Bbnd Offering—Sealed bids will
ceed
author¬
ized at the May 16 election.
^
CALIFORNIA
"
Issue was
inclusive.
bid of 102.11
ceed
'
I lame da
construction
July 1 from 1948 to
on
inclusive.
to
Los
FrancisCo.
$1,000. Due
srtifiedjcheck,for 5% of the total
bid, payable to the County
"rpasurer.,
(
1967,
the
1967
of
Runner-up
in
1947 and due on June 1 from 1948
to
bonds. Dated July 1, 1947. Denom.
mount
V
interest
awarded
Bank
Angeles, as
l3/4s, at a price of 100.056, a basis
of about 1.744%.
Dated June 1,
1941.
the
The
Interest payable M-S.
1966, incl.
Bond Offering—W. F.
furnished with
such bidder.
fornia
Trust
Matthews,
a certified
copy
County Clerk, will receive sealed
transcript df the proceed¬ bids until 11
a.m. on June 16 for
ings so that the same may be
•the purchase of $230,000 not to ex¬
.lassed upon by the attorney for
ceed
>e
3101—were
San
The successful bidder will
if
Hanford, Calif.
: Bond sale—The $350,000 sewfcf
bonds Offered June 9—v. 165,-p.
Bond
parks and $250,000 incinerator.
delivery will
The
be
June 3 voters authorized $700,-
on
000
iidder will be required to furnish
id
and
Alhambra,
Bonds
interest thereon
date of their
considered.
value
bonds
.*" •*
leTest to be paid. * No bids for the
the
Treasurer's
must
to date of delivery.
A
$1,000 certified check, payable to
the County Treasurer, must ac¬
company the bid;
ll bids must State the rate of in-
all accrued
County
bids
■interest
*
than
All
the par value thereof and accrued
|T948 to 1961; "and $4,000 iri 1962.
nth
the
office.
Dated July 1, 1947.
Due
July 1, as follows: $9,000 in
;ss
at
ditional, for not less than, all of
Denom.
mrchase of said bonds at
1952;
$3,000 in 1953 to 1957; $5,000, 1958
to 1965, and $6,000 in 1966 and
1967.
Principal and interest pay¬
School District No. 2
»»
Dated Aug. 1, 1947. " Due
follows: $2,000 in 1948 to
as
I
American
Trust
a
Co., of San
price of 100.34, a
50
THE COMMERCIAL & FINANCIAL CHRONICLE
(3220)
E-859 to E-1102,. dated July 15,
CONNECTICUT
and Sept. 16r 1946.*
Bridgeport, Conn.
Building Fund, 1946, Nos. B$120,000 as iy2s, due $10,000 from
Bond Sale—The $500,000 trunk
3698 to B-4451, dated Jan. 29,
June 1, 1948 to 1959; the remain¬ sewer and
disposal plant bonds 1946.-,
ing $130,000 as 2s, due from June offered June 12— v. 165, p. 2971
Playground Fund, 1946, Nos. P1, 1960 to 1972, all incl. - Dated —were awarded to
Halsey, Stuart 243 to
P-292, dated Jan. 29,1946'.
June
1,
1947. Interest payable & Co.
Inc., and Estabrook & Co.,
Free
Text
Book
Fund, 1946,
J-D.
Runner-up in the bidding both of New York,
jointly, as Nos. T-399 to
T-479, dated Jan.
was Blyth & Co., offering 100.076
1.20s, at a price of 100.258, a basis
29, 1946.
;
\
;
for $80,000 as l%s, and $170,000
of about 1.166%.
Dated June 15,
about 1.86%,
as follows:
interest cost of
net
the
on
for
2s,
as
divided
bonds
net interest
a
1949
about 1.94%.
County, Franklin
School District (P. O.
Jose), Calif.
The
—
American Trust
Co., of San Fran¬
cisco, is offering for general in¬
vestment, the
following
school
bonds aggregating $95,000:
iy>%
building. bonds.
$5,000 from July 1, 1948
to 1956, inclusive.
30,000 1%% building bonds. Due
$5,000 on July 1, in 1957 to
1962, inclusive.
20,000 2% building bonds.
Due
I $5,000 on July 1, in 1963 to
1966, inclusive.
$45,000
Due
'
Denom.
$1,000. Dated July 1,
1947. Principal and interest (J-J)
payable at the County Treasurer's
office.
Legality, approved by Orrick, Dahlquist, Neff, Brown &
Herrington, of San Francisco.
Solano Covnty,
Vaca Valley Union
Elementary School District
(P. O. Fairfield), Calif.
Bond
Sale—The
$19,000
2—v.
165,
on
2971—were
p.
awarded to Weeden &
Co., of San
Francisco, as 2s, at a price of
100.131, a basis of about 1.975%.
Dated June 15, 1947. Due on June
15, in 1948 to 1957, incl. Interest
payable J-D.
of
offer
an
mitted
Second best bid
was
100.268 for 2y4S, sub¬
the
Bank of America
Trust & Savings Asso¬
by
National
Willows, Calif.
Sale
Bond
The
-a-
City
$210,000
the
that
bonds
offered
Clerk
sewer
June
3, were
purchased by the Bank of Ameri¬
National Trust & Savings As¬
sociation, of San Francisco, the
only bidder, as follows: $50,000 as
l3/4s, due $10,000 on July 15, in
1948 to 1952; $80,000 as 2s, due
$10,000 from July 15, 1953 to 1960,
and $80,000 as 214s, due $10,000
from July 15, 1961 to 1968.
In¬
terest payable J-J.
on
ca
COLORADO
'*«•*.'i
El
■'.<.
y
•
Paso County
School District
No.} 11, ,(P. O. Colorado
Springs), Colo.
f
■
Bond Offering—Sealed bids will
be
received
until
4
p.m.
June
on
18, by Dan F. Santry, Jr., Secre¬
tary of the Board of Education,
for the purchase of $700,000 con¬
struction
not
to
bonds.
Interest
rate
is
exceed
2%; payable J-J.
Denomination $1,000. Dated July
1, 1947. Due $70,000 from Jan. 1,
1949 to 1958.
These
are
est
the
State
the
The
bonds
of
rate
or
amount.
rate—of
lowest
mium, if
such
bidder
bonds;
interest
above
any,
,
will
and
the
purchase the bonds at
None
par.
of such bonds shall be sold at less
and
principal amount thereof,
accrued
interest
the
date
any
dis¬
to
Bonds
states that
$28,000 road and bridge
improvement bonds approved by
the voters on June 3, have been
purchased by a local bank as 2s.
Dated June 4, 1947. Due in eight
years.
\
.
Room 356-228 North La
Street, on or before June 5,
1947, in order that same may be
verified and interest computed so
that cash warrants drawn on the
City Treasury may be issued in
payment thereof.
District
for the purchase of $75,-
June 20
000
First
Dated
.
Due
1966 incl.
1 from 1949 to
Nov.
on
bonds.
Ddhom. $1,000.
July 1, 1947.
Principal and interest payable at
National
Palatine
the
Bank.
Le¬
by Chap¬
be approved
Cutler of Chicago.
&
man
INDIANA
judgment funding bonds of¬
June 10—v. 165, p. 3102—
were
awarded
to
a
syndicate
the
park
coupon
pon
of
will receive
(DST) on
Secretary,
•
Sale—The
New London,
Conn.
Information
Additional
—
It
is
reported by the Director of
$400,000 tax an¬
now
Chicago Sanitary District (P. O.
Chicago), III.
Bond
Call—It
is
stated
by
Finance that the
Frank
ticipation notes sold on May 19 at
0.68%—v. 165, p. 3102—were pur¬
urer,
chased by the First National Bank,
of Boston, and are dated May 22,
Due
1947.
other
Sept. 19, 1947.
on
bidder
Only
Lincoln
was
Young & Co., offering 0.71%.
R.
O.
Birney, District Treas¬
that he is calling for pay¬
of July 1, 2V2% construc¬
tion
bonds,series
I,
bearing
numbers 1501 to 1750, at the First
National Bank of Chicago.
ment
as
,
School
District
No.
200
$115,000
awarded
of
Na¬
as
2s, at a price of par. The bonds
are
dated June 1, 1947 and ma¬
ture on June 1 from 1948 to 1967*
inclusive!
A syndicate headed by
Chemical Bank
the
&
Trust CO.,
New
York, was second high bid¬
der, the offer being as follows:
99.03 for the $500,000 water sys¬
tem and sanitary sewer bonds as
99.99 for the $394,000 street
paving bonds as 2s; and a price
of 99 for the $750,000 auditorium
2s;
bonds
as
Clerk of Board of
receive"
sealed
>
Education, will
bids
until
11
S.
Kenneth
was
Johnson
&
IOWA
Arlington
Indep.
Sale
Bond
—
Sch.
Dist.,
Iowa
The $40,000 build¬
ing bonds offered June 9—v. 165,
p.
3103—were
awarded to
the
Iowa-Des
Moines
Trust
&
iy2s, at
of
of
Co.,
National
Bank
Des
Moines, as
price of 101.562, a basis
a
about
1.347%.
1947 and due
on
Dated June
Bonds Voted—An issue of
000
by
school
the
bonds
voters
at
authorized
was
an
$550,-
election
on
May 30.
for
sale
—were
on
June
awarded
3—v.
to
165, p. 2719
Wegener &
Daly, Inc., of Boise, as 2V2s, at a
price of 101.129:
$11,000 sewer
(P. O. '
Satanta), Kan.
Sold—The
Bonds
,
Clerk
Education
of
Board
the
of
that
states
.
iy2s
made
was
Election—At
Bond
June
on
sider
the
20
/
will
bonds.
70,000 2V4% water works bonds.
Due $10,000 July 1 from 195T
to 1963 inclusive.
Fort Dodge, Iowa
offered
June
9
v.
—
165,
2972—were awarded to Halsey,
Stuart
& Co.
Inc., Chicago, as
114s, at a price of 100.573, a basis
of about 1.183%.
Dated June 1,
100.255 for
of
114 s
was
John Nuveen & Co.
1967
inclusive;
$30,000 from 1968 to 1972 in-r
elusive, and $10,000 in 1973.
All of the bonds are dated May
airport
p
to 1962 inclusive. Second
to
1964
from
1, 1947.
Bond Sale—The $210,000
bonds
200,000 2y2% water works bonds.
Due July 1, as follows: $10,000
...4.-:
*
i
inclusive.
to 1956 inclusive.
by
con¬
•r:->•.«.;■■■ /-'/■'
p.m.
2% water works bonds.
Due $10,000 July 1 from 1952
issue of $10,000 building
an
1951
to
election
an
7.30
the purchase of
50,000
,/
voters
V
$30,000 1%% water works bonds.
Due $10,000 July 1 from 1940
Cownie, Inc.
.
i
on June 16t
$350,000 sec¬
ond series revenue bonds, com¬
posed of the following:
until
bids
for
Colwell Consolidated Sch. Dist.,
Iowa
■
■.
KENTUCKY
Dec. 1 from 1948
101.225 for
high bid
made by
a
;
Warren
!
t
Bond
(P. O. Bowling
County
Green), Ky.
Offering — Oval
Motley,
County Clerk, will receive sealed
bids until 11 a.m. on June 23 for
the
purchase of $300,000 coupon
hospital bonds. Dated Jan. 1,1947.
Denomination $1,000. Due Jan. 1,
as
follows:
$11,000 in 1949 and
bonds. Dated June 1, 1947.
Denom.
$1,000. Due serially on
$18,000 street improvement bonds
1960, incl.; $16,000, 1961 and 1962;
Dec. 1 from 1948 to 1966 inclusive.
Savings
Legality to be approved by Chap¬
man & Cutler of Chicago.
jointly,
on
ing
Irwin, Iotva
Sold—It
Bonds
been
have
sold
is
the
to
Farmers
Bank, of Irwin, and the
Harlan National Bank, of Harlan,
as
iy2s,
at
a
price
of
100.833.
Kenilworth Park District,
III.
Consolidated Sch. Dist.,
Somers
Iowa
until
will
8
receive
sealed
on
(DST) on June
25 for the purchase of $30,000 site
purchase and park bonds.
Dated
June 1, 1947. Denom. $1,000.
Due
serially on Dec. 1 from 1948 to
1954 inclusive.
Legality to be ap¬
proved by Chapman & Cutler of
p.m.
June
sider an
election
an
the voters will con¬
issue of $8,000 construc¬
25
tion bonds.
Spencer, Iowa
Bond Offering—Kenneth Glattly,
of the
Clerk
Utilities
$17,000, 1963 and 1964; $18,000,
1965; $19,000 in 1966 and 1967,
and $20,000 in 1968. Bonds subject
to
prior redemption' in inverse
numerical order, on arty interest
date
after
July
1,
1950,
par
interest, plus addi¬
plus accrued
tional interest, amount of the lat¬
Election—At
Bond
Board of Municipal
ter
depending
on
the date of re¬
demption. Rate of interest to be
expressed in a multiple of V\ of
1%. Principal and interest pay¬
able at
the American National
Bank, Bowling Green. A certified
check for $5,000 is required.
Trustees,
will receive
10 a.m. on June
LOUISIANA
sealed bids until
County, Township High School
No. 166 (P. O. Amboy), 111.
24
for
the
electric
Sale—The $300,000 cou¬
building bonds offered June
9—v. 165, p. 3102—were awarded
to Halsey, Stuart & Co. Inc., of
Chicago, as l34s, at a price of
100.206, a basis of about 1/731%.
The bonds are dated June 1, 1947,
system revenue bonds. Dated July
1, 1947. Due as follows: $10,000
July 1, 1952; $10,000 Jan. 1 and
July 1 from 1953 to 1961, incl.,
and $10,000 Jan. 1, 1982.
Bonds
maturing in 1958 to 1962 are call¬
able July 1, 1957, or on any inter¬
est date thereafter. The bonds are
Bond
pon
Calcasieu
purchase of $200,000
and power plant
Dist.
Sale—The following cou¬
bonds totaling $31,000, offered
the issue,!
1950; $12,000, 1951 and 1952;*$13,000, 1953 to 1955, incl.; $14,000,
1956 and 1957; $15,000, 1958 t6
Lee
Bond
an
Satanta Grade Sch. Dist.
1966 inclusive. Second high bid
Chicago.
pon
redemption on Jan. 15,(
equal amount of out-iv
standing 234%
school building;
bonds, Nos. 55 to 99, dated Jart£
15, 1937. Purchaser of the refunds
ing issue will be required to fur^
nish
complete
transcript,, legal
opinion and expenses incident to
printing
the
bonds.
Proposals*
would be subject to the prior right
of the Kansas State School Fund
of
1948
V'/J ^
stated that
bids
County (P. O.
Fayette), Ga.
be
used in the
2,
of
June 18 for the pur¬
chase of $2,125,000 not to exceed
2% interest coupon school build¬
(CDST)
missioners,
Walker
to;
will
Bowling Green, Ky.
Bond Offering — W. H. Funk,
City Clerk, will receive sealec*
lake, President of Board of Com¬
GEORGIA
1949
Co.,
offering 100.528 for 114s.
Bond Offering—Frank G. Kars-
2s.
15 from
Proceeds
on
Co., of Wichita.
1959, incl.
Runner-up
Interest payable J-J.
1947 and due on Dec. 1 from 1948
(P. O. Kankakee), III.
Bond Offering—Ed. P. Madison,
Jan.
inclusive.
1957
and July 1, from 1949 to
(P. O. Vandalia), III.
Miami Beach,
$45,000 school building refund^'
ing bonds.
Denom. $1,000.
Due
$60,000 construction
bonds ap-proved by the voters at the elec-f
tion held on May 17, have beeni
purchased by the First Securities
Bonds Sold—It is stated by
Mercantile
the
to
Bank
of
Co., of Chicago, as ltyis, at a price
basis of about 1.14%.
Dated July 1, 1947.
Due,$5,000
on July 1, 1948, and $5,000 on Jan.
of 100.678, a
""
tional
bids until July 3 for the purchase!
re¬
awarded to John Nuveen &
Becker &
the
De Funiak Springs, Fla.
Secretary of the Board of Educa¬
Bond Default Corrected—It is
tion
that
$375,000 2% building
stated
by J. F. Howell, Town bonds were purchased recently by
G. H. Walker & Co., Newhard,
Clerk, that the default on bonds
of the town has now been cor-, Cook & Co., both of St. Louis, and
rected
by refunding bonds, and the Channer Securities Co., of
all items are now in a current Chicago,
at a price of 100.076.
Dated May 1, 1947, Due on Dec. 1,
position,
in 1948 to 1965. Interest payable
Miami Beach, Fla.
J-D. Legality approved by Charles
Bond Sale—The $1,644,000 vari¬
& Trauernicht, of St. Louis, Mo.
ous
new
capital bonds offered
June
11—v.
165, p. 2844—were Kankakee School District No. Ill
1,^
No.
—
Miss Augusta)
Weinmann, Clerk of the Board of
Education,
will receive sealed
Commission to purchase
to
Fayette County Community High
District
Kansas
Bond Offering
funding of 1947 bonds offered for
sale on June 6*—v. 165, p. 2972—
were
School
sue.
Bloomington, Ind.
Bond
Atchison
$5,000
Mess,
sealed bids until 8 p.m.
fered
composed
III.
Park District,
Palatine
Bond Offering—Arthur H.
gality to
Chicago Park District, III.
Bond Sale—The $1,092,000 cou¬
/
•
Jaffray & Hop wood.
Filer, Idaho
purchase
Mount
are
Savings
date.
pre¬
at w;hich
par
interest at which the bidder will
than the
of
IDAHO
(b) the lowest rate of
or
List
to
The
(a)
warrants
required to present them to the
Board of Education, City of Chi¬
Boston
Corp., Braun, Bosworth & Co.,
Bank
Legal
Investments.—In a Inc., and Martin, Burns & Corbulletin dated June 4, the Office
bett, of Chicago, as l%s, at a
of the Bank Commissioner of the
price of 100.91, a basis of about
State
of Connecticut has added
1.651%. Dated July 1, 1947, and
the bonds of the City of Buffalo,
due July 1, 1987. Optional at par
N. Y., and the 2*4% debentures
and accrued interest, in varying
of the Province of New Bruns¬
amounts, beginning July 1, 1949.
wick, dated May 1, 1947, and due Second high bid of 100.828 for
May 1,' 1952, to the list of legal l3/4s was made by a syndicate
investments for Connecticut sav¬ composed by Halsey, Stuart & Co.;
ings banks, effective as of that Central Republic Co., and Piper,
Additions
Bidders
required to specify:
are
call¬
$1,000,000 for development of the
State's Parks* and $2,000,000 for
the development of Bradley Field.
the
are
valorem taxes without limita¬
ad
measures
on
general obligations of the district
and will be payable from general
tion
of
ing for $15,000,000 in Housing
bonds, $900,000 for expansion of
the
State's
Teachers
Colleges,
Principal and inter¬
office.
witnessed
Legislature
enactment
payable at the County Treas¬
urer's
Second
(State of)
Bond Issues Approved by 1947
Legislature—The recent session of
the bonds
authorized at the election held
May 7, 1945.
from
FLORIDA
ciation, San Francisco.
states
15
inclusive.
1963,
con¬
struction bonds offered for sale
June
June
Connecticut
Bonds Offered to Public
•
on
high bid of 100.139 for 1.20s was
cago,
made by the First Boston Corp. y
Salle
Santa Clara
San
to
due
and
these
of
Holders
1947
KANSAS
Township (P. O.
Carroll), III.
Soldi—The Town Clerk
Carroll
Mt.
,
of
cost
Monday, June 16, 1947!
Parish
Bond
*'
(P. O.
Lake Charles),
light
La.*
Offernig—Edna F.
1
Rock,
Secretary of Police: Jury,'will re¬
ceive sealed bids untiKlQt'a.ini on
July 8 for the purchase of $650,000
not
to
exceed/4%/interest
bonds.
drainage
Dated<^ July
1,
que1'serially
system,
and
$10,000
mature on Dec. 1 from 1948
municipal
July 1 from 194$/.i6.1,977-.-in¬
clusive.
Award will be.' ijnacie J®
building bonds.
Dated July 1, to 1966, incl. Second high bid of
payable solely from net earnings
1947.
Runner-up in the bidding 100.03 for $280,000 2s and $20 000 of the
the bidder providing for;fhe low¬
utility system and it is con¬
was
the State of Idaho, offering 214 s was made by Harriman Rip¬
est net interest cost, Without;Con¬
templated that the bond issue pro¬
sideration of premium/;' Interest
par for 2x/2% bonds.
ley & Co., Inc.
ceedings will permit, with reason¬
system; $10,000 water distribution
and
1947. Denom. $1,000.,
on
.
of
payment,
count
or
or
paid
shall
nor
commission
on
be
allowed
the sale of the bonds.
Principal and interest payable at
the
County
Treasurer's
office.
The district will furnish at its
pense
the
approving
opinion
ex¬
of
Pershing, Bosworth, Dick & Daw¬
son,
of Denver,
bonds.
Enclose
and the
a
printed
certified check
for 2% of the amount of the bid.
Madison
ILLINOIS
Chicago Board of Education (P. O.
Chicago), III.
Warrants Called—C. J.
Sold—It
is
restrictions,
ance
O. Edwardsville),
of additional
on a
Illinois
Bonds
stated
bonds ranking
parity with the current issue.
rate of inter¬
Principal and interest pay¬
Treasurer
of the Police Jury or at ahy bank
at'any bah,k
J-J.
able at the office of the
Bidder to name the
tified
and all bids must be so con¬
ditioned.
A certified check for
2% of the bonds bid for is re-
quired.
est.
Whipple,
cago,
,
purchaser: A
specified by the
City will furnish legal opin¬
ion of Chapman & Cutler, of Chi¬
that
$15,000 314% semi-annual build¬
President of the Board of Educa¬ ing bonds were purchased recent¬
tion, called for payment on June ly by the Municipal Bond Corp.,
6, the following tax anticipation of Chicago. Dated March 1, 1947.
warrants:
Legality approved by Charles &
Educational
Fund, 1946, Nos. Trauernicht, of St. Louis, Mo.
the future issu¬
able
County School District
No. 120 (P.
quired.
i
■
■
to
cer¬
$13,000, payable
order of the Treasurer, is re¬
man
check
for
Legal opinion of Chap¬
& Cutler of Chicago
furnished
the
without cost.
successful
will be
bidder
!?«•
iVolurae 165
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4603
Claiborne Pariah Sch. Diat. No.
13
awarded to Alex. Brown &
were
(P. O, Homer), La.
b Bond Offering—Sealed bids will
be received until 10 a.m. on July
7,
2s:
6f
Chicago and J. P. Morgan &
Co., which offered
101.142 for
lYis. This group also was runner-
by
100.025, a. net
about 1.936%, as
Haley,1 Secretary
Board, for the pur¬
chase of $350,000 school bonds. In¬
terest rate is not to exceed 4%,
payable J-J. Denom. $1,000. Dated
July 1, 1947.
Due July 1, as folC.
F.
1965
of the School
made by
$15,000 in 1949, $16,000 in
1952, $17,000 in 1953 to
1055, $18,000 in 1956 to 1958, $19,000 in 1959 to 1961, $20,000 in 1962
and 1963, $21,000 in-1964 to 1966,
and $22,000 in 1967.
Payable at
to
cified
by
ceive
bank spe¬
purchasers.
The
the
offering to
pay
crued interest and
par
and
to
was
Offering
sealed
bids
165,
specifying rates
which result in the lowest net in¬
basis
of about
re¬
noop
to
.
MASSACHUSETTS
■
bished the successful bidder with¬
the
Treasurer, School Board.
Gretna, La.
Offering Detail—In
Bond
.
of
Bank
the
to
awarded
out cost to him. Enclose a certi'fied check for $7,000, payable to
offered
notes
9
June
0.559% dis¬
count.
Dated June 12, 1947, and
due Nov. 6, 1947. The Merchants
National Bank of Boston, second
high bidder, named a rate of
con¬
at
3103—
1947.
trust
ion
$50,000 tax anticipation notes were
awarded recently to the Second
National Bank
of Boston,
at a
rate of 0.569%.
Second best bid
was
offer of
an
of
Butler
and water
sewerage
bonds,
it is
pow stated by the City Attorney
that it will not be
considered
an
informality
for the bidders to
Stipulate that their bids are sub¬
ject to concurring opinion of na¬
tional bond attorneys. (For offer¬
ing notice, see v. 165, p. 2972.)
•f
Iota, La.
000
awarded
to
received
until
p.m.
The First Boston Corp.
Bank & Trust Co.,
and! Chemical
jointly, only other bidder, named
rate of 0.81%.
f
1 lo
o
i
w
n
bonds
s
aggregating
$47,000:
public
Denom. $500.
building
bonds
Due $500 from
July 1, 1948 to 1967, incl.
30,000 street improvement bonds
.Denom. $1,000.
Due on July
offered June 9—v.
notes
1
1; $1,000 in 1948 to 1957, and
$2,000 in 1958 to 1967, all incl
3,500 water works bonds. Denom
$500.
Due $500 from July 1
1949 to 1955, incl. J
3,500 fire department equipment
i
$500.
Denom.
bonds.
\
Due
$500 from July 1, 1949 to 1955
'
'■*
Dated June 11,
1947 and due Nov. 10, 1947.
The
Merchants National Bank of Bos¬
discount.
ton, second high bidder, named a
rate of 0.569%.
Boston,, at 0.578% discount.
on Dec. 1, 1947.
"
-•
•'
f
•
'
-
Due
■
Payable at the office of the
the
of
holder,
at
to be
bank
a
ceive
sealed
(DST)
vided
as
"pamed by the purchaser.
Each
must be for all of the bonds $12,000
.'accrued
interest
will
be
consid¬
approving opinion of
The
ered.
Chapman & Cutler, of Chicago,
will be furnished to the! successful
Sale—The
Bond
Town
Clerk
$30,000 water works
improvement and extension bonds
were offered for sale
on June 3
and were awarded to the J. G.
states
All
Hickman
Co., of Vicksburg, at a
price not reported.
Due on July
1, as follows: $1,000 in 1948 to
*1951; $1,500 in, 1952 to 1955; $2,000,
1956 to 1960, and $2,500 in 1961 to
H964, all incl. t
states
or
&t
a
bidding was Scharff & Jones,
offering a net interest cost of
the
June
10—v.
of
National
Bank
of Bos¬
-
*
,3.95%,
a
MARYLAND
Berlin, Md.
Sale—The
$135,000 water
system improvement bonds of¬
fered June 9—v. 165, p. 2972—
Bond
issue
of
bonds.
This
the
was
on
basis of about 1.209%.
Due
a net
2.28%, for
March
and
previous election on March 3 hav¬
South field
it is stated by Matthew
Carey, Refunding Agent for; the
District, that the district pur¬
chased $11,550 certificates at 99.00.
Sale
$40,000
were
offermed for sale
from 1948 to 1957 inclusive.
16, 1947. Rate of interest, payment
printing the bonds, and
expenses, of approving legal opin¬
ion, to be determined by the bid.
All three issues are general obli¬
gations of the city, the special
of cost of
secured
Coun'.y (P. O.
Vienna), Mo.
6
awarded
to
Bond
Archer,
Offering
City
Paine, Webber, Jackson & Curtis,
of Chicago, as IYjs, at a price of
sealed bids
100.412, a basis of about 1.43%.
Dated July 1, 1947.
Due $4,000
water
bid
1, 1949 to 1958, incl.
payable J-J. Second best
Jan.
Interest
offer
an
was
of
for
100.387
l^s, submitted by the First State
Bank, Albany.
Avon
(P. O. Avon), Minn.
Bond Sale—It is stated that
000
road
offered
were
and
for
bridge
sale
awarded
on
to
1,
J-D.
Second
1957.
Interest
best
for
the
Due
on
6
and
payable
bidder
was
Paine, Webber, Jackson & Curtis,
offering 100.204, for l%s.
Belvidere
George
F.
will receive
June
$539,000
of
Dated
bonds.
sewer
Denomination $1,15 from 1948 to
Jan.
1967, inclusive. Rate or rates of
interest to be named by the bid¬
der
in
multiple of Ys of
even
an
Legality to be approved by
Charles
&
Trauernicht
of
St.
1%.
Louis.
Stearns
"
-
1
Leland, Miss.
Bonds Sold—Mayor W.
J. Car-
reports that the following
bonds aggregating $192,000, were
purchased at public auction by
the Bank of Leland, and the First
raway
National Bank, of
Greenville, and
associates, at a net interest cost of
about 2.05%: $156,000 storm sew¬
erage
and paving; $21,000 sanitary
and $15,000 water and
sewerage,
light plant bonds.
Marion
County School Districts
(P. O. Columbia), Miss.
Township (P. O.
Goodhue), Minn.
Bond
1:30
$35,000
road
bridge bonds offered June 4—
p. 2720—were awarded to
J. M. Dain & Co, of Minneapolis,
165,
price of 100.008, a
$50,000 on Sept. 1 from 1947 basis of about 1.594%. Dated July
to 1966, incl.
-.v> 1, 1947 and due on July 1 from
Second high bidder for the $25,- 11948 to 1958 incl.
Second high
000,000
issue was
a
syndicate bid of 100.006 for 1.60s was made
headed by the First National Bank by Allison-Williams Co.
as
awarded
The City National
Co., of Kansas City,
June
on
3
issue
an
of
$50,000 3% road improvement
bonds at a price of 106.097, a basis
of about 1.29%.
Dated June 1,
1947 and due $10,000 on Feb. 1
from 1949 to 1953 inclusive.
St. Louis, Mo.
be received until
10
am. (CDST),
Louis
Nolte,
City Comptroller, for the pur¬
chase
of
$4,000,000 public im¬
June
on
24,
by
provement bonds. Denom. $1,000.'
Dated July 1, 1947.
Due on June
1; $1,300,000 in 1948 and 1949,
$600,000 in 1950, and $800,000 in
1951.
Principal and interest pay¬
able at the Guaranty Trust Co., of
New York City.
Bidders are re¬
quested to designate in their bids
the price they will* pay for bonds
bearing interest at a rate likewise
to be designated
in their bids;
provided, however, that the inter¬
est rate so designated shall be an
even
multiple of Vs of 1%, and
rate.
same
No bid at less
than par and accrued
be
interest
all bonds shall bear
interest will
right is
bids.
These bonds are
coupon
bonds,
registerable as to principal, or as
to principal and interest, and are
exchangeable for fully registered
bonds in any denominations of not
less than $10,000, as may be re¬
quested.
Fully registered bonds
may again be exchanged for cou¬
pon bonds in the denomination of
$1,000 on payment of $2 per thou¬
sand. The full faith, credit and re¬
sources of the City are pledged to
the punctual payment of the prin¬
cipal of and interest on these
bonds, which are payable from
the proceeds of an unlimited ad
valorem tax
authorized by the
considered,
and
the
reserved to reject any or all
Constitution
of
Missouri
to
be
all of the taxable
tangible property in the City.
Purchasers will be furnished the
levied
upon
legal opinion of Charles & Trau¬
ernicht, of St. Louis, approving
these bonds as valid and binding
obligations of the City.
sealed bids will be received until
Sale—The
and
v.
was
at the
10 a.m. on
purchase
July 15, 1947.
000.
—
Clerk,
until
and
$25,-
County State Bank, of Albany, as
1.70s, at par. Dated June 1, 1947.
Due on June 1, as follows: $2,000
from 1950 to 1960, and $3,000 in
1961.
Bonds due on June 1, 1958
and thereafter are callable, at par
and accrued interest, on and after
June
20
bonds were
June
the
—
Bank & Trust
that
Miss.
Greenville,
on
June
from
,
All of the bonds are dated June
road
coupon
were
\
improvement bonds being
by but not limited
to special assessments.
that
and
inclu¬
1955
Clerk
Town
The
—
to
1957..
also
Bond
1948
street
MINNESOTA
states
from
10,000 water works improvement
bonds. Due $1,000 on June 16
call for tenders
1945,
1,
1
Bond Offering—Sealed bids will
72,000 street intersection bonds.
Due June 16, as follows: $7,-
7
2, of the district's certifi¬
cates of indebtedness, dated June
March
Maries
*4
.•
sive, and $8,000 in 1956 and
Twp., Sch. Dist. No.
with the
improve¬
$10,000 on
due
on
incl.,
1963
on
~
June
on
Due
elusive.
000
Certificates Purchased—In con¬
nection
street
to
due
1967 incl.
from 1964 to
June 16 from 1948 to 1957 in-
\
(P. O. Detroit 19), Mich.
1952
2s,
Bond Sale
follows:
as
special
2Y4s:
$57,000
from
1
—
ment bonds.
of
defective because
been
price of 100.04, a net
of about 2.133%, as
a
cost
$28,000
Due
Dorothy N
Clerk, will receive
City
$100,000
second fa¬
the question, the
on
Offering
bonds, divided
election
construction
$35,000
vorable vote
1956.
1,000,000 Metropolitan SewerageSouth System bonds to Bear,
Stearns & Co., of New York,
as lYis, at a price of 100.354,
pur¬
were
sealed bids until 7.30 p.m. on June
16 for the purchase of $182,000
May 23 the voters authorized an
165,
Philadelphia
National
Bank of Philadelphia; Bear,
Stearns
&
Co., and W. C.
Langley & Co., both of New
York, as lYis, at a price of
101.2902,
a
basis of about
1.021%. Due May 15, as fol¬
lows: $3,600,000 from 1950 to
1955, incl., and $3,400,000 in
aiid J $30,000 School Dis¬
Runner-up in
—
(State of)
The
$26,000,000
ton;
2.94%: $29,000 School District
N(6: 112;
dated
Kuhn, Loeb &
Co., and the Manufacturers
Trust Co., both of New York;
composed
net interest cost
trict No. 113 bonds.
are
.
$59,000,' were purchased recently
by1,the, Equitable Securities Corp.,
of Nashville.
bonds
$25,000,000 coupon veterans' services fund bonds to a syndicate
that the following bonds totaling
!
offered
First
Board
|
2972—were awarded as follows:
p.
-
School
Parish
Sale
Bond
bonds
District, Mich.
School
Grant
bonds
Massachusetts
Tangipahoa Parish School Districts
(P. O. Amite), La.
*Bonds Sold—The Secretary of
the
the
Wilson,
Albany (P. O. Albany), Minn.
July 1, 1947. Legality approved
by Storey, Thorndike, Palmer &
Dodge of Boston.
that
,
of
Dated
Bonds Voted—At an
follows:
clusive.
interest
Cleveland, Miss.
1, 1947, and due on June 1
1949 to 1952, incl.
from
a.m.
clusive.
A $940 cer¬
tified check must accompany the
Kentwood. La.
11
Louis, at
that
2ViS and 2V2S.
as
!
Sale—The
follows:
about
Peo¬
Florissant, Mo.
$85,000 public
improvement bonds offered June
9—v. 165, p. 3104—were awarded
to
G. H. Walker & Co., of
St.
Memphis, at
of
the
•
from 1948 to 1967.
Bond
the pur¬
bonds, di¬
37,000
highway
departmental
equipment bonds.
Due on
July 1 from 1948 to 1952, in¬
bidder without cost.
bid.
for
street
bonds.
Due on
July 1 from 1948 to 1952, in¬
bid for less than par and
no
until
19
chase of $49,000 coupon
Jfrid
&nd
bids
June
on
the bonds
,
—
J-J.
group
Bay City Bank, Peoples Com¬
Savings Bank, and the
National Bank of Bay City, the
legal technicality.
by the Second National Bank, of
■
a
cost
'
*
-
stated
bonds
to
MISSOURI
obliga¬
(P. O.
is
It
awarded
for 3s.
June 2 by the First Na¬
on
tional Bank, of
3103—were
composed of
The
—
City Treasurer now states that the
v
to
p.
a
are
mercial &
$100,000 tax notes sold on May 29
—v. 165, p. 3103—were purchased
•
165,
the
ing
Mass.
Information
Leominster,
Additional
,
"Town Treasurer, or, at the option
awarded
165,
J4,'
Marlborough, Mass.
' 'Is
Bond
^Offering
Edward F.
V Dated July 1,. 1947.' Interest
|rate is not to exceed 4%, payable Bigelow, .City Treasurer, will re¬
incl.
interest
3103—were awarded to the Sec¬
ond National Bank of Boston, at
.
•
June
9—v.
—
road
chased
p.
0.567%
$10,000
V
000
$50,000
$89,000 coupon
local improvement bonds offered
June
of $200,-
issue
Sale—The
Note
Bay City, Mich.
Bond Sale—The
only bidder, as 2s, at par.
Gardner, Mass.
on
July 8, by Vera Brown, Town
Clerk, for the purchase of the
York,
Sold
Bonds
was
Halsey, Stuart & Co.,
New
of
1947.
5,
a
7:30
$5,000,11
June
at a rate of
0.79%, plus a premium of $111.
Dated June 16, 1947 and due Nov.
Inc.,
Bond Offering—Sealed bids will
be
offered
notes
to
Co., of Hazelhurst,
price of 101.
April 1, 1947, and due $500 annu¬
ally, from 1948 to 1962, incl. The
Citizens State Bank of Tupelo, the
only other bidder, offered par
Cleveland), Miss.
MICHIGAN
$30,-
ples Bank & Trust Co., of Tupelo,
as 2%s, at a price of par.
Dated
County, Pace Separate
Road District
of
3104—was awarded
p.
Bond
0.573%, tendered
issue
T. Allen
2973—were
MISSISSIPPI
by the Norfolk County Trust Co.,
Dedham.
I..
Boston, Mass.
Note Sale—The issue of
bonds
valid and binding general
tions of the District.
.
nection with the offering sched¬
uled for June 24, of the $455,000
these
counsel
St.
of
Saltillo, Miss.
Bond
Sale—The
$7,500
town
bonds offered June 3—v. 165, p.
legal opinion, as well as the print¬
ed bonds, will be furnished with¬
out cost to purchaser. In the opinr
Westwood, Mass.
that
on
designated by; the
The approving
company
Trauernicht,
Sale—The
3s, at
as
successful bidder.
'
Notes Sold—It is reported that
0.563%.
Max
a multiple of
Split rate bidding per¬
mitted.
Principal
and
interest
payable at any suitable bank or
purchased by the Mechanics
Worcester. Due
Nov. 6,
on
was
National
Second
Boston,
p.
stated
Philadelphia, Miss.
165,
v.
%■ of 1%.
National Bank, of
Arlington, ■ Mass.
"
Sale—The issue of $200,-
Note
165,
&
Bond
of interest to be in
27 at
,
discount—v.
0.59%
interest
accrued
is
000 school bonds offered June 3—
subject to prepayment
and
par
'
O.
Louis, Mo.
1, 1962 and on any subse¬
quent interest payment date. Rate
The Town Treas¬
notes sold on May
revenue
„
000
at
Sold —It
Charles
July
states that the $100,000
now
urer
the consideration of premium.
A
certified transcript and the ap¬
proving opinion of Chapman &
Cutler, of Chicago, will be fur¬
after to be
Shrewsbury, Mass.
—
ex¬
.
Second
(P.
$22,000 3% semi-ann. school bonds
were purchased recently
by Cady
& Co., of Columbus.
Dated April
1,
1.947,
Legality approved by
1952, $15,000 in 1953 to 1965,
$25,000 in 1966 and 1967, and
$23,000 in 1968. AH bonds matur¬
ing on July 1, 1965 and there¬
101.319 for 2s was
Kidder, Peabody & Co.
Purchaser
Interest rate is not to
District
Philadelphia), Miss.
Bonds
June
on
to
Jan. 1 from
inclusive.
p.m.
2%%, payable J-J. Denom.
$1,000.
Dated July 1, 1947.
Due
July 1, as follows:, $10,000 in 1950
bid .of
made by
8
ceed
1.80%. Dated Jan.
1972
1948
high
were
terest cost to the District without
bonds.
June
p.
1,'* 1947 and due on
1946, and $2,312,000 postwar con¬
struction loan of 1945, dated July
1, 1947.
.
coupon
3103—were awarded
to Robert Hawkins & Co., of Bos¬
ton, as 2s, at a price of 101.79, a
1947; $2,313,000 postwar construc¬
tion loan of 1945, dated July 1,
ac¬
$40,000
bonds, offered
9—v.
S.
will
until
.
mains
water
*
Hooper
—
Treasurer,
State
_
Bond Sale—The
until
17; by Peter E.' Fossum, Clerk of
the Board of Education, for the
purchase of $298,000 coupon school
Saugus, Mass.
1968
bid
1966
high
be received
61
County, Bond Cons.
School
Bond Offering—Sealed bids will
for the $1,000,000 issue, offer¬
ing 100.0236 for IY4S.
L
'
l%s:
$19,000
from
Second
Neshoba
(P.O.
Northfield), Minn:
up
to
(DST) on June 23 for the pur¬
chase of $9,625,000 bonds, consist¬
ing of $5,000,000 general construc¬
tion loan of 1947, dated July 1,
bonds will be awarded to the bid¬
der
1
1947
from
1
Mackubin, Legg & Co.
Bond
Miles,
at any
or
follows: $116,000
Maryland (State of)
the office of the Treasurer of the
School Board
Dec.
on
inclusive.
cost, of
interest,
Dec.
on
inclusive; and
due
-lows:
1950
due
Northfield Sch. Dist.
u
Sons, of Baltimore, at a price of
,(3221)
1.60s, at
a
Bond Offering—It is stated that
H.
Barnes, Chancery Clerk, for the
purchase of the following bonds
aggregating $118,000:
p.m.
on
July
8,
by
T.
Consol.
Sch.
Dist. bonds. A $1,200 certified
check is required.
58,000 Hub Consol. Sch. Dist.
$60,000
Foxworth
bonds.
check is
A
$1,160
required.
certified
MONTANA
Fergus County, Denton High
School District (P. O.
Denton), Mont.
Price Paid—It is now
the Clerk of the Board
that
the
$160,000
building bonds
sold to the Farmers State
Denton—v.
p.
Bank, of
2845—were
by the said bank as
at par, and are due $8,000
purchased
I2V2S,
165,
stated by
of Trustees
■ii
62
THE COMMERCIAL & FINANCIAL CHRONICLE
(3222)
water
from July 1, 1948 to 1967;
000
July 1,
able J-J.
—v.
callable
Interest pay¬
1957.
on
to
165,
offered
bonds
9
Sherrerd of Phila¬
&
Butcher
June
which bid
a
price of
$199,000 bonds as 1.90s,
a
basis of abput 1.844%,
The
bonds are dated July 1, 1947, and
mature on July 1 from 1948 to
Elmsford, N, Y,
Sale—The
$20,000 rpe?
bonds
offered
5—v.
165, p.
2073—-were
Bond
2973—were awarded
p.
mortal
building
delphia,
Hartley, Neb.
Bonds Voted-^-At a recent
elec¬
tion the voters authorized an issue
314%
water works
bonds, to mature in 20 years.
of
$54,000
Broken Bow, Neb.
June
100.80 for
NEBRASKA
awarded
incl.
1987,
high
Second
bid
of
100.47 for $200,000 bonds as 1,90s
was
made by W. H. Newbold's
Fairmont,
Great Neck,
Bonds Voted—At an election on
May 27 the voters authorized an
issue of $10,000 water works sys¬
tem bonds.
Gibbon School District No. 2, Neb,
Bonds Defeated—At an election
June
on
the
3
voters
issue
proposed
rejected a
$35,000 con¬
of
struction bonds
School
McCook
District
(P.
O.
Bond Offering—Sealed bids will
(DST), on
June 18, by Joseph W. Weber,
Borough Treasurer, for the pur
chase of the following coupon or
registered bonds aggregating
$243,000:
is
Sold—It
Bonds
1971.
stated
tional Bank of
McCook, at
a
price
'
3
to the
National
bid
best
Rockland
was
rate
a
of
0.618%, offered by the Merchants
combined
a
Delaware
Township (P. O.
Erlton), JV. J
$775,000 gen¬
refunding bonds offered June
.
eral
9—v.
Sale—The
165,
2973—were awarded
to a syndicate headed by B. J.
Van Ingen & Co., Inc./ of New
York,
which
bid
for
$773,000
bonds
as
2.70s, at a price of
100,339, a basis of about £.659%.
pated April 1, 1947, and due Oct. 1
from 1948 to 1963, incl.
Other
members of the winning group
were
as
follows; C. C. Callings
& Co., E. H. Rollins & Sons, and
W. H. Newbold's Son & Co., all of
Philadelphia, also Julius A. Rippel, Inc., of Newark. Second high
bid of 100.31 for $773,000 2.70s was
made by Schwam & Co. of New
p.
York.
Medford
Lakes, N. J.
Bond Offering"—Robert K. Me-
Cord, Borough Treasurer, will
ceive
sealed
(DST)
on
bids
June
until
20
re¬
p.m.
the
for
8
pur¬
chase of
$11,000 not to exceed 6%
interest coupon or registered im¬
provement bonds. Dated. July 1,
1947. Due $1,000 on July 1 from
1948 to 1958 inclusive.
Bonds
ma¬
turing in 1953 and thereafter will
be callable at par and accrued in¬
terest on July 1, 1952, or on any
subsequent interest date. Princi¬
pal and interest (J-J) payable at
the Burlington County National
Bank of Medford.
Legality ap¬
by
of
for
100.21
by Roosevelt
&
R. F. D. No. 1,
Gasport), N. Y.
exceed
Bond Sale—The issue of
sold a3
$20,000
improvement bonds offered
5
v.
165, p. 2973 — was
road
June
—
awarded to the State Bank of Al^
as Is, at a price of 100.223, a
basis of about 0.92%. Dated June
bany,
1, 1947 and due $4,000 on June 1
Sec¬
1952 inclusive.
ond
high bid of 100.048 for 1.20s
was
made by E. H. Rollins & Sons,
(13%-
Inc.
$6,000 in 1970
year average.)
single rate of
the bonds (as
a single issue),
and 1971.
Bidder to
name a
interest for all of
if they constituted
in a multiple of %
of one-tenth of 1%, and all pro¬
posals must be for the combined
No bids will be considered
at
bonds
rate
higher than
the lowest rate at which a legally
acceptable proposal is received.
Principal and interest payable at
a
1948
ville,
Sayreville.
As
between
proposals at the same lowest in¬
terest rate, the bonds will be sold
to the bidder or bidders offering
to pay for the combined issue not
less than $243,000 and accrued in¬
terest, and not more than $244,000
and accrued interest, and to ac¬
cept therefor the least amount of
bonds, the bonds to be accepted
to be those first maturing, and
if
two
take
or
more
the
bonds at the
interest
fering to
to
amount of
lowest rate of
same
then
sold to the
bidders offer
least
same
said
bonds
bidder
will
be
bidders of¬
therefore the high¬
pay
or
additional price, which addi¬
tional price shall not exceed by
est
more
the
than
$1,000 the
bonds
bonds
offered
will
be
value of
par
for
sale.
delivered
The
on
June
25, or as soon thereafter as they
may be prepared.
The legality of
the
bonds
will
be
approved
by
Caldwell,
Marshall, Trimble &
Mitchell, of New York City, whose
approving opinion will be fur¬
nished to the purchaser without
charge. Bids are desired on forms
furnished by the Borough. Enclose
a
certified
par
value
to the
check
of
the
for
2%
of
the
Moore
to finance
1965 incl., and $260,000 2%s;
on June 1 from 1966 to 1978
County (P. O.
Freehold), N. J.
Resolution
Approved—
general improvement bonds.
local
Housing Authorities vip
City and Utica to pror
yide for the permanent financing
of housing projects which have
been completed
or
are
nearing
completion.
The amounts so provided will
be repaid to the State by the local
Housing Authorities as the bonds
mature, together with interest at
the rate borne by such bonds.
New York
This
method
housing
amendment
tution
in'
to
lower
State
assistance
State. Consti¬
and
housing
interest
Bond Sale—The $156,000
2973—were
awarded
to
p.
Boland,
&
Co., of New York, as
1.80s, at a price of 100.077, a basis
of about 1.794%.
Dated June 1,
1947 and due on June 1 from 1949
1969 incl.
for
Second high
1.90s
was
bid of
by
made
p. J. Van Ingen & Co.
projects
rate
—
-
At
a
recent
election the voters refused to
ap¬
prove
an
issue
of
$100,000
fair¬
ground bonds.
Hobbs, N. Mex.
Bonds Voted—At
a
recent elec¬
an
issue
$750,000 hospital bonds.
the
at
which
-the
sound financial condition and fis¬
Tretter,
received
June
an¬
bids will
sealed
be
(DST)
on
purchase of $1,-
until
noon
the
for
20
H.
Director,
Executive
that
475,000 issue II emergency hous¬
ing notes. Dated June 1, 1947 and
due Sept.
1, 1947.
of)
Housing Bond Offering—Sealed
bids will be received until 12:30
(DST), on June 17, by Frank
Moore, State Comptroller, for
of $28,175,000 Hous¬
p.m.
C.
the purchase
ing bonds.
Interest rate is not to
exceed 4%, payable J-D.
Dated
be
These bonds will
18, 1947.
issued in coupon form in de¬
nominations of $1,000 and in reg¬
denominations
in
istered form
of
$1,000, $5,000, $10,000 and $50,000
at the option of the purchaser.
Due
$575,000 June 18, 1949 to
1997.
The Comptroller reserves
to the State the privilege of re¬
deeming, at par value
crued interest, on June
or
on
and ac¬
18, 1987,
interest payment date
any
thereafter, all of such bonds then
outstanding, or all of the bonds of
a single maturity beginning in the
inverse order of their maturity,
not
upon
less than
30
nor
more
than 40 days'
notice thereof pub¬
lished in at least two daily news¬
papers printed in New York City
and one in the City of Albany. In¬
terest
shall
cease
to
about
1.659%.
Dated
June
16,
Buffalo.
3
—
awarded
v.
165,
2974
p.
?—were
to
J. Lee Peeler & CO.,
Durham, and the Vance Secur¬
ities Corp., of Greensboro,
jointly,
at a price of 100.105, a net inter¬
est cost of about 1.61%, on the
bonds divided as follows: $8,000
as
IV4S, due on Dec. 1, "in 1949
to 1951, the remaining $12,000 as
l3/4s, due from Dep. 1, 1952 to
of
1959.
Interest
payable J-D.
The
Branch
Banking & Trust Co., of
was second best bidder,
offering 100.225 for all bonds as
13/4S, a net interest cost of about
Wilson,
1.72%.
received until
June
Bond Offering—Sealed bids will
initiated
in
Moore will
Secretary
the prae-^
Comp¬
1943,
reserve
to
the
11
a.m.
(EST),
17, by W. E. Easterling,
of the Local Govern¬
ment Commission, at his office in
Raleigh, for the purchase of $75^000
coupon
street improvement
State the right to call the housing
for payment before their
bonds.
ceed
nation $1,000. Dated June 1, 1947.
Due on June 1, as follows: $4,0001
in 1950 to 1954, $5,000 in 1955, and
Beach, N. Y.
Bond Election—The issuance of
$57,000
ann.
not
to
exceed
5%
semi-
treatment plant
sewage
con¬
struction bonds will be submitted
to the voters at
heldf
June
on
1947.
Due
election to be
an
17.
Dated
from
Aug.
Aug. 1,
1948 to
1,
'
1967.
White Plqins Parking Authority
(P. O. White Plains), N. Y.
Debt
AutJiorized-r-Mayor
Silas
S. Clark has appointed a five-man
board which is empowered to bor¬
row
to $1,000,000 for the pur¬
up
of financing the
pose
acquisition
of
property and the construction
of parking areas in the city..
A
bill
creating the authority and
providing for the borrowing waP
passed at the recent session of the
State legislature.
The bonds will be issued under
of the State Finance
Principal
Bond
Sale
The $1,080,000
capital bonds offered
June 10
v. 165, p. 2974 T~were
awarded to a syndicate composed
of
Halsey, Stuart & Co., Inc.,
various,
—
new
—
Stone & Webster Securities
lawful
and B. J. Van
New
York,
Ingen & Co., all of
1.40s, at a price of
100.057, a basis of about 1.387%.
The offering included:
as
improvement
street
$585,000
Due
bonds.
June
on
1
to 1957
inclusive.
school
1948
395,000
bonds.
water
bonds.
/
Due on
1957! incl.
June 1 from 1949 to
100,000
from
.
Due. on
June 1 from 1948 to 1957 incl.
1, 1947. Second high bid of 100.34
l%s
was
made
by
a
group
National
the
by
managed
City
NORTH CAROLINA
Law.
Farmville, N. C.
Rate of interest to be in
V4
ple of
reconverted
or
form.
in
a
multiple
into
%
of
issue.
...
«'
State after deducting the
Notes
$25,000
Sold—It is reported
revenue
1.00%.
Bond
ous
June
!
*
-
-
Lenoir, N.C.
Sale—The $490,000 vari¬
capital bonds offered
new
10—v.
.amount awarded tp
a
p. 3106-^were
syndicate composed
165,
of
Equitable v Securities
Corp.,
Explains John Nuveen & Co., Chicago,
Purpose of Issue—In connection Wachovia Bank & Trust £0., Ashewith the above offering, the fol¬ ville, and McDaniel Lewis &. Cp„
of premium,
if
Comptroller
any.
.
Moore
.
'
maturi¬
ance,
than
must
of
bal¬
bid may name more
rates, and each bidder
specify in his bid the amount |
but
no
two
bonds
of
each
rate.
Principal
and interest
payable in New York
City. No bid for less than par and
accrued interest, or for less than
all
the
of
tained.
bonds
will
Bids must be
be
on a
enter¬
form to
be.furnished by the above Secre¬
tary.
The approving opinion of
&
Pershing,
of
New j
.City, will be furnished the
purchaser. 1 .Enclosea
certified j
check
for
$1,500, payable to the
State Treasurer.
Rowan
County
-
•
(P. O. Salisbury),
North Carolina
Bond Sale—The
bonds
school
June
3
j
,
$58,000 coupon
offered
for
sale
oh
165, p. 2974 — were
awarded to a syndicate composed
—
v.
of J. Lee Peeler & Co., .of Dur¬
ham, the Vance Securities Corp.,
of Greensboro, and E. L. Hardin.
& Co., of Salisbury, at a price of!
100.026, a net interest cost off
about 1.54%, on the bonds divided
as
follows: $10,000 as 2s/due on
June
1, in 1950 to 1954; the re-i
maining $48,000 as-l%s, due fromj
June lr 1955 to 1964. Interest pay¬
able J-D. Second best bidder was
the Branch Banking & Trust Co.,
of Wilson, offering par for $10r000 as 3s, $3,000 as l^s, and $45,as
IV2S.
Washington County (P. O.
Plymouth), N.C.
•'
Bond Offerings—Sealed bids will
be received until 11 a.m,! (EST),
i
June 17, by W. E.: Easterling,:
Secretary of the Local Govern¬
ment Commission, at hip office in
on
Raleigh, for the purchase of the
following $75,000 coupon' school
bonds.
Dated June 1, 4947. De¬
nomination $1,000. Due on^Junel;
that
notes were pur¬
$2,000 in 1-949 to 1952, $4,000 in
chased by the Branch Banking &
their Trust Co., of Wilson/at a rate of 1963 to 1955, and $5,000 in 1956
condition
upon the award to them of
all but no part of the entire $28,-175,000 bonds and the highest bid¬
der on the basis of "all or nope"
will be the one whose bid figures
the
lowest interest cost to the
may
bids
Jackson, N. C.
or
of 1%, and not -more
single rate of interest shall
multi¬
Each bid may
for part of the
rate
one
a
1%.
ties)-and another rate for the
000
interest
of
Rate
of
bonds (having the earliest
interest
and
as
money
converted
a
Registerto principal alone;
gen-|
obligations; unlimited tax;
delivery on or about July 1, 1947,
at place of purchaser's choice.
able
.
The
be
$10,000 in 1956 to 1960,
eral
Corp.,
payable
Note Sale—It is reported that
at the Bank of
$35,000 bond anticipation notes
Manhattan Co., New York
were purchased recently by the
City. The bonds may be registered Interstate
Securities - Corp.,
of
as to principal and interest. Bonds
Charlotte, at a rate of 0.982%:
in registered form may not be
Due in three months from date of
in
Denomi¬
York
.
All of the bonds are dated June,
redemption thereof.
Interest rate is not to ex¬
6%, payable J-D.
Mitchell
Yonkers, N. Y.
on
accrue
bonds called for redemption, from
and after the date fixed for the
Bidders
$15,000 fire
house bonds offered June 10—v.
165, p. 3105—were awarded to Tilney & Co., of New York, as 1.70s,
at a price of 100.212, a basis of
June
on
tenants, Comptroller
.
June
be named for the issue.
Sale —The
are
.
name
York (State
New
than
Bond
:ff
dtae]
infil
dated June
Robersonville, N. C.
Moore pointed out.
In conformance With
troller
1956
'
rents for the
he
l.from
(P. O. Burgaw),
North Carplinp
> .4*
Bond Sale—The $20,000 coupon
building bonds offered for sale on
be
tice
ne
Pender County
.
Ocean
Maxwell
—
one-tenth
NEW YORK
bonds
State
participation
in
local
housing programs results in lower
York
Offering
nounces
must
DeWitt Fire District (P. O.
DeWitt), N. Y.
the
cal policies.
Housing Authority,
New
Note
coupon
1947 and due $1,500 on June 16
Township and Mer- from 1948 to 1957 incl.
Second
chantville (P. O. Merchantville),
high bid of 100.176 for 1.70s was
N. J.
made
by Marine Trust Co. of
$200,-
to
command because of its
can
of the Laws of 1941 and Section 60
Bonds Defeated
Pennsauken
Sale—The issue of
the
Bank of New York.
school
165,
enables
authorities
stitution, Chapter 946 of the Laws
of 1939 as amended, Chapter 827
,
bonds offered June 11—v.
by
It
Curry County (P. O. Clovis),
of
to
authorized
the
1938.
municipalities
finance
of
was
of
June
on
1, 1947.
state bonds will be made available
for
tion the voters authorized
Parsippany-Troy Hills Township
(P. O. Parsippany), N. J.
housing
due
All
the provisions of Sections 1, 2 and
3 of Article 18 of the State Con¬
NEW MEXICO
calling for the issuance of $779,000
local
Proceeds from the sale of these
local
a
2479%,J4
2s:
projects.
to
100.108,
about
follows: $58,000 2%s: due on Juri
1 from 1949 to 1955 inch; $172,Od
a
17
June
C,
today that he
$28,175,000 issue of 50
serial, housing bonds on
year,
at
Greensboro,
interest cost of
announced
will sell
of
maturity date.
New York City
bonds, payable
Borough Treasurer.
to
sent out
was
bonds
the First National Bank of Sayre¬
Marshall,
Caldwell,
The Board of Freeholders is said
to
have
approved a resolution
Bond
bid
made
1956 to 1959, $12,000 in 1960 to
1965, $10,000 in 1966 to 1969, and
Monmouth
100.109
1.70s was
Cross and
Vostal, Hall & Co., jointly.
,
high
from
City.
to
Second
incl.
1977
to
$9,500 in 1951 to 1955, $11,500 in
Trimble & Mitchell of New York
Saffin
1948
165,
release
press
from Albany pn June 1Q:
State
Comptroller
Frank
N. Mex.
proved
Bond
to
not
issue as though they
one
single issue, and
constituted
for
NEW JERSEY
12—v.
from
Dated June 15,
Said issues will be
issue.
National Bank, Boston.
Bond
is
maturing June 15 each year are
follows: $8,500 in 1948 to 1950,
Bank, of Boston, at a rate of
0.595%.
Due on Dec. 12, 1947.
Next
rate
6%, payable J-D.
1947.
capital
new
June
Hartland (P. O.
as
'I
'
Hillsborough County (P. O.
Manchester), N. H.
Note Sale—The County Treas¬
urer
states that $400,000 tax an¬
ticipation notes were awarded on
June
Interest
N. Y.
$270,750 vari¬
bonds offered
p.
3105-r—were
awarded to an account composed
of C. J. Devine & Co., Francis I.
duPont & Co., and Tilney & Co.,
all of New York, as 1.60s, at a
price of 100.645, a basis of about
1.55%. The bonds are dated April
1, 1947 and mature on April 1
ous
,
the combined maturities of bonds
NEW HAMPSHIRE
'.
Sale—The
•
that
of 100.14.
p.m.
$30,000 water, Series A bonds. Due
on June 15, in 1948 to 1965.
85,000 water, Series B bonds. Due
on June 15, in 1948 to 1969.
128,000 sewer extension bonds.
Due on June 15, in 1948 to
McCook), Neb.
$35,000 building bonds approved
by the voters in April,
have
been purchased by the First Na¬
Bond
Sayreville, N. J.
be received until 8
Re¬
Church, the only bidder.
Dated April 15, 1947 and due $1,000 on April 15 from 1948 to 1967
inch
Bidders were required to
name a single rate of interest, not
exceeding 1%%.
Son & Co.
Neb.
Elmsford
the
formed
Bonds Authorized—The
city has
authorized the issuance of $233,-!
-000 refunding bonds.
to
lowing
Monday, June 16, 1947j
Registerahle as tp prin¬
only; general obligations; j
unlimited tax; delivery at place
of purchaser's choice. Rate of in-!
terest to hp in a multiple of % of
1%. Each bid may name on© rat©
for part of the bonds and another:
rate or rates for the balance, but 1
no bid may name more than three
]
rates, and each bidder must spec¬
to
1966.
cipal
,
ify in .his bid the amount of bonds
Volume
THE COMMERCIAL & IlEAECIAL CHRQNICC1
165' Number 4601
f : each rate.
Dover, Ohio
Salerr^An issue of $500,000
irities.
first mortgage electric; light and
Principal and interest
jtayable in New York City. No power system revenue bonds is
9Jid of less than par and accrued stated to have been purchased by
Merest will* be entertained. The the -First Cleveland Corp., of
Approving opinion of Reed, Hoyt Cleveland, and Stranahan, Harris
& Washburn, of New York City, &-Co., Inc., of Toledoj jointly, at
"Will be furnished the purchaser; par,, giving a. net interest cost qf
Enclose a certified check- for $1,- about 1.84%, on the bonds divided
500, payable to the :State Treas- as follows^ $279,000 as 2s,. due
on July 1, in 1948 to
1954; the re¬
.30 ■'
' '
maining $221,000 as l%s,' due on
SWJ
NORTH DAKOTA
July 1, in 1955 to 1959. Denomi*
nation $-1,000* Dated July 1, 1947.
"•*'/
.
Fessenden, N. Dak,
^Bond Offering—Sealed and oral Bonds due in 1948 to 1951, are
non-callable
prior to maturity.^
bids -will be received until dune
Each rate must he
2 ^oir bonds of consecutive ma-
*
•
Bond
-
*
-
•
■
■
•
■
-
^19* at 1
by E. Rf Engbrecht,
p.m.,
•City Auditor, for the purchase of
$38,000 water bonds. Interest rate
/is
not to. exceed 4%, payable J-J.
$1,000. Dated July
1, 1947. Due on July 1, as fol¬
lows: $3,000 in 1950 to 1955, and
$5,COO in 1956 to 1959. Rate of
interest to be in multiples of xk Or
"Denomination
;l/10th of 1%.
No bids for less
than
par and accrued interest will"
accepted.
A $760
certified
Check must accompany the bid.
be
,
New
England, N. Dak.
>\ Bond Sale -r- The City Auditor
Mates that $54,80Q light plant rev¬
enue bonds were awarded re¬
cently to the Citizens State Bank,
of New England, as 2s, at par.
!fhe second best bid was an offer
©f par for 21/£s, submitted by the
First State Bank, of Regent.
1, 1947.
Due
$13,000 on June and Dec. 1, in
1948 to 1967, inclusive. Interest
J-D.
Second
best
bid
an offer by Fahey, Clark &
Co., and associates, of 101.89 for
|was*
2y4s.
*
.
J
Austinburg Township (P. O.
:
Kingsville), Ohio
*
Bond Sale—rThe $7,500,000 fire
equipment bonds offered Juhe 9
v.
165, p. 2846—were: awarded
to Fox, Reusch & Co. of Cincin¬
nati. Dated June 1, 1947, and due
Sept 1 from 1948 to 1951, incl.
Brook
School District, Ohio
Approved—At an elec¬
tion on June 10 the voters author¬
ized an issue of $3,000,000 con¬
struction bonds.
Park, Ohio
Bond Call—C. D. Murray, Vil¬
lage Clerk, is calling for payment
option and
of the
expense
successful bidder.
Enclose
cer¬
a
tified check for 1% of the amount
of the bonds, payable to the Dis¬
trict.
1, 1947 and due on June 1 from
1950 to 1961 inclusive.
Lqne County School District No. SZ
(P. O. Eugene), Ore.
Sale—The $15,000 school
Bond
bonds offered for sale on June 4—
165, p. 2847-n-were awarded to
States National Bank
v.
Stow Township (P. Q. Stow), Ohio
Bond Offering—G, S. William¬
the United
son, Township Clerk, will receive
sealed bids until 8 p.m. on June
of 100.232, a basis of about 1.66%*
18 for the purchase of
Maple Heights, Ohio
Bond
Tenders
Invited
—
It
is
before noon, June 21, and should
election
on
contain
an
$15,000 4%
pf
Portland,
as
l%s,
at
price
a
Dated July 1, 1947.
Due on July
I, in 1^48 to 1954, incl.
Interest
fire
ber, and bonds so tendered must
be ready for delivery not later
than 1Q days thereafter,
est
by issue number and bond num¬
works
issue
of
an
$14,000
water
Dempsey, of Cleveland, and will
also pay the cost of printing the
bonds.
for
Enclose
a
certified
Jefferson
Local
School
District
(P.O. West Jefferson), Ohio
District Clerk, will receive sealed
bids until noon on June 26 for the
purchase
of $200,000 not to ex¬
ceed 3% interest coupon construc¬
tion bonds. Dated April 1, 1947.
a
Middleburg Heights, Ohio
Call —May
Bond
1, 1946, due on Jan. 1, 1955,
being called for payment on
July 1, at the B;\nk of Berea
County, Berea, Ohio,
are
Parma,"Ohio *
Call—Josephine
Baker,
City Treasurer, is calling for pay¬
ment as of July 1, the city's 2%
and 5%
Refunding Street Im¬
provement bonds to the amount
of $86,000.
Dated Oct. 1, 1936.
Denomina¬
tion $1,000. Due Oct. 1,1966.
Said bonds together with unma¬
tured interest coupons shall be
presented on July 1, for payment
at. par and accrued interest at the
Cleveland
from 1948 to 1968
inclusive; $5,000
April
1 and Oct. 1 in 1969 and
Interest A-O. A
certified
check for $2,1.00, payable to order
1970.
of the Board,
of Education, is
re¬
j ? Dated July 1, 1938. Due July 1,
Bond Sale—rThe $1,250,000. hos¬
1968. Said bonds together with pital building bonds offered, June
the,< unmatured interest coupons, 2—v. 165, p. 3106—were awarded
Trust
Co.,
Cleveland.
Bond Offering—Elizabeth Bond,
following bonds aggregating
$310,000, which failed to carry last
February, will be resubmitted to
the
voters
held
sewer
be
ment bonds.
Choctaw County
(P. O.
Hugo), Okla.
Bond Offering —* Sam Spence,
.County Clerk, will receive sealed
bids until 10
the
purchase
a.m.
of
on
June 16 for
$200,000
not
$16,700 from 1950 to 1960 inclu¬
sive, and $16,300 in 1961. Award
will be made to the bidder
nam¬
ing the lowest rate of interest and
agreeing to pay par and accrued
interest.
A certified check for 2%
of the bid is
required. Bonds were
an election on April
Bond Offering—The City Clerk
will receive sealed bids until 2.30
p.m.
Bond Offering—Paul B. Myers,
City
Clerk,
bids until
will
noon
on
receive sealed
July 2 for the
purchase of $160,000 2% coupon
city hall bonds. Dated April 1,
1947. Denom. $1,000. Due on June
1 and Dec. 1 from 1948 to 1962 in¬
clusive.
Principal
and
interest
(J-D) payable at the legal de¬
pository of the City. Legality ap¬
proved by Squire,
Sanders
&
Dempsey of Cleveland.:
Sebring Exempted Village
School District (P. O.
Sebring), Ohio
'
$66,000 school
165, p. 2847—were awarded
Blyth & Co., of Portland, as
iy4s, at a price of 100.584, a basis
of about 1.08%,
Dated July 1,
1947.
Due on July 1, in 1949 to
1952.
Interest payable J-J.
Sec¬
to
ond
bsst
bid
for
100.079
Foster
&
was
iy4s,
an
offer
of
submitted
by
Marshall, and the First
National Bank of Portland, jointly.
Myrtle Creek, Ore.
Bond Sale DetailSr-r-The
$38,000
general obligation water and light
bonds reported sold as 2y2S in
v.
by
165,
the
3107 were purchased
First National Bank of
p.
Portland, at
a
price of 100.29, a
basis of about 2.44%,
Washington County,
Tigard Ele¬
mentary School District (P. O.
This
an
election
May 10 the voters authorized
issue
of
$125,000
on
an
construction
bonds.
'
On June 21 for the
$41,000
issue
on
water
was
purchase
works bonds.
authorized
Okla.
ing bonds aggregating $5,250,000,
at 11 a.m. on July 1:
$5,000,000
sewer,
Bond Offering—The City Clerk
will receive sealed bids until 7:30
Oklahoma City,
sanitary
Woodburn, Ore.
at an
June 3.
authorized the sale 6f the follow¬
Salem, Ohio
re*
Tigard), Ore.
from 1948 to 1967 incl.
approved at the May 6 election.
is
—v.
Bonds Voted—At
Gibson, Okla.
Bond Offering Scheduled—It is
stated that the City Council has
was
Sale—The
Bond
14.
Dated
Issue
$750
bonds offered for sale, on May 29
authorized at
Denom. $1,000. Due
$2,000 June 1 and $3,000 Dec. 1
June 1, 1947.
for
Multnomah County School District
No. 51 (P. O. Portland)', Ore.
to
exceed 6% interest coupon hospi¬
tal bonds, to mature as follows:
election
.
$300,000
17:
to
improvement and exten¬
sion, and $10,000 street improve¬
(EST) on July 7 for the purchase
$100,000 not to exceed 6% in¬
bonds.
June
on
election
an
system
of
terest construction
at
check
quired.
Bond Election—The issuance of
Clerk of Board of Education, will
receive sealed bids until 8 p.m.
of
certified
Okla.
the
Fort
Rock Creek Local Sch. Dist., Ohio
1.66%.
Chickasha,
Interest ceases on date called.
Denom.
$1,000.
Due as follows:
$4,000 April 1 and $5,000 Oct. 1
Lorman,
A.
Dec.
Bond
of about
cost
description of the bonds
Village Clerk, states that $20,000
3V4%
refunding
bonds,
dated
check
$300, payable to the Village.
.Of July 1, the village's refund¬
quired.
Issue was authorized at
ing bonds, bearing interest from
an election on May 20. Legal opin¬
2% to 5%, Nos. 9, 10, 14, 52, 62,
ion of Bricker, Marhurger, Evatt
68, 71, 91, 112, 126, 134, 136, 137,
& Barton of Columbus will be
154 153, 155, 157, 160, 161, 168,
furnished the successful bidder
178, 180,: 195, 200, 201, 216, 217,
without charge.
236, 241,. 243, 244, 245, 247, 266,
3,3?. 36,8, 375, 380, 387 and 408.
Lqkewood, Ohio
as
ion at
as
2y4s, at a price of 100.123, a
basis of about 2.234%. Dated June
.
Bond Offering —P. H. Laferty,
«.
i
Lima
States National Bank of Portland*
station
construction
and payable J-J. Second best bid was!
equipment bonds.
Dated Jan. 1, an offer of 100.333 for 2s, sub¬
1947. Denom. $1,500.
Due $1,500 mitted by the First National Bank,
on Sept. 1 from 1947 to 1957 in¬
Eugene.
1951, or on any interest payment- Commission, that pursuant to the clusive.
Principal and interest
date thereafter, following „at„. least, provisions of the city's plan for
Lqne County School District No. 8$
(M-S) payable at the Kent Na-1
30 days' notice, at 101 and accrued municipal
debt
readjustment,
(P. Oi Route No. 1, Box 525,
tional Bank.
legality approved
interest.
Principal and interest notice .is given that more than $5,Eugene), Ore.
by Summit County Prosecutor. Is¬
Bond Offering—A. J. Miglioret(J-J) payat>le at the State .Say¬ 000, to-wit: Approximately $25,sue was authorized at the Novem¬
ings Bank Co., Dover. Legality OQQ is available in the Sinking
to, District Clerk, will receive
ber, 1946 election.
sealed bids until 8 p.m. on June
approved by Squire, Sanders & Fund applicable to the payment
20
for the purchase of $36,000
of refunding bonds dated as of
OKLAHOMA
Dempsey^ of Cleveland.
Jan. 1, 1937, and the City hereby
school bonds. Dated July 1, 1947.
Etna Local School District, Ohio:.
Anadarko, Okla..
Denom.. $1,000. Due July 1, as folf
asks for sealed tenders of such re¬
Bond Sale—The $8,000 unlim¬
Price Paid—It is now stated by
lows: $5,000 from
funding bonds at a price of not
1948 to 1953
ited tax motor vehicle bonds of¬
the City Clerk that the $200,000
exceeding the face value thereof.
inclusive, and $6,000 in 1954, Prin-»
fered June 9—v. 165, p. 2974—:
To the extent of the funds avail¬ municipal light and power plant cipal and interest payable at the
were awarded to J. A. White &
able, the City will accept bonds bonds sold to the syndicate headed County Treasurer's office or at the
Co., of Cincinnati, as 1%'s, at a
by the First National Bank & fiscal agency of the State in New
so tendered at the lowest offer¬
price of 100.66, a basis of about
Trust Co., of Oklahoma City, di¬ York
City, at option of the pur*
ing price; in accordance with said
1.32%. Dated June 1, 1947, and
vided $100,000 as IVzS, and $100,chaser.
Bidder to name the rate
plan and Section 2293-5 of the
due Nov. 1, .as follows:
$1,000 in
000 as l3As, as noted here—v. 165,
of interest at which they will ac¬
Ohio General Code.
1948 and
1949 and $2,000 from
Tenders will be received at the p. 2847—were purchased by the cept the bonds at par or premium,
1950 to 1952, incl.
said syndicate at par, a net inter¬
Bids are to be unconditional.
A
City Hall (Bedford, Ohio), on or
improvement bonds offered bonds.
'June 12 —v. 165, p, 2974 —were
Hudson, Ohio
awarded to a group composed of
Bond
Offering — Sealed
bids
Halsey, Stuart & Co. Inc., North¬ will be received until 8
p.m.
ern Trust Co., and Mullaney, Ross
(EST), on June 17, by William
& Co., all of Chicago, as l%s, at W.
Shilts, Village Clerk, for the
a price of 101.189, a basis of about
purchase of $30,000 1%% coupon
1.63%.
Dated June 1, 1947 and
sewage
treatment plant bonds
jjfue serially on June 1 and Dec. 1 Denomination $1,000. Dated June
from 1948 to 1968 incl.
Second 1, 1947. Due $3,000 from Dec. 1,
high bid of 101.088 for l3As was 1948. to 1957., These bonds are
$hade by Braun, Bosworth & Co., non-callable serial
bonds and are
Inc., and Fahey, Clark & Co.,
part of a total authorized issue of
Jointly.
$60,000 of which $30,000 maturing
Austintown Local Sch. Dist. (P. O, $3,000 Dec. 1, 1958 to 1967, are
callable
■*% serial
bonds and
have
Youngstown 9), Ohio
been purchased
C'< Bond Sale—The $520,000 cou¬
by the Village
Treasurer.
Bidders may bid fpr a
pon school bonds offered for sale
different rate of interest in a mul*
©n June 6—v. 165, p. 2974—were
tiple of y± of 1%. No bid for less
awarded to a. syndicate composed
©f Fields Richards & Co., the First than par and accrued interest.
Cleveland Corp., Wm. J. Mericka The Village will furnish to. the
& Cq., and Hayden, Miller & Co., purchaser a transcript of the pro¬
all of Cleveland, as 2y4s, at a ceedings therein with the approv¬
price of 101.897, a basis of about ing opinion of Squire, Sanders &
payable
Cleveland, as l%s, at a price of
1Q1.452, a basis of about 1.637%.
Dated July l, 1947 and, due op
Oct,. 1 from 1948 to 1970. inclusive.
Bonds
2975—were awarded to the United
Alliance.
A tran*
of proceedings evidencing
Bank,
callable prior to maturity at stated
;by
Geprge
Schlesinger,
the option of the city on July -1," Secretary of the Sinking Fund
,tal
Dated June
&
and interest payable at the Mount
Union
script
the legality thereof, and the print-'
pd
bonds
will
be
furnished
Co., of promptly. Bond attorneys' opin¬
May 27 the voters authorized
Bond Sale—The $700,000 hospi-
2.04%,
McDonald-Moore
and
63
are
Bonds Voted—At
Alliance, Ohio
—3'
Co., Fahey, Clark &
Co., National City Bank df Cleve¬
land, Ball, Burge & Co., and Mer¬
rill, Turben 8c Co., all of Cleve¬
land, Otis & Co4 of Columbus,
Bonds due in 1952 and thereafter
Freeport, Ohio
OHIO
McDonald &
(3223)
and $250,000 fire
department bonds.
p.m. on June 24 for the purchase
of
$25,000 2% swimming pool
bonds.
Dated
July 1, 1947. Due
July 1 from 1948 to 1957,
incl. Principal and interest (J-J)
payable at the fiscal agent of the
State pf Oregon, in New York
City.
$2,500
on
Oklqhomct State College for Women
(P. Q. Chickasha), Okla,
Bond
Sale
Details—It
is
now
PENNSYLVANIA
Chester
Municipal Authority, Pa.
Bond
Sale—The $2,400,000 water
stated
by the Secretary of the
Board of Regents that the $300,000
Student
Union
Building bonds
which were sold as 3y4s—v. 165,
p. 2847—were purchased
jointly
by the First National Bank, Okla¬
homa
National
Bank, both of
Chickasha, and R. J, Edwards,
Inc., of Oklahoma. City, at par,
and are due from June 15, 1949
to 1972.
revenue
bonds offered June 12—
1Q5, p. 2975—were awarded to
a
syndicate composed of Bear,
Stearns & Co., of New York, Moncure Biddl.e
& Co., of Philadel¬
v.
phia, Roosevelt & Cross, of New
York, Yarnall & Co., Dolphin &
Co., C. C. Collings & Co., WurtS,
Dulles & Co., and Walter Stokes
& Co., all of Philadelphia, Fauset,
Steele & Co., Pittsburgh, Reynolds
& Co., pf New York, and Jenks,
Kirkland & Co., of Philadelphia,
at a price of 100.018, a net inter¬
est cost of about 2.106%, as fol¬
Sapqlpa School District, Okla.
to the Cleve¬ to a syndicate composed of Union
Bond Sale—The $50,000 build¬
be received until noon on June 23,
Cleveland, for Securities Corp., Blair & Co., Inc.,
ing and site bonds offered June 9
payment, at par and accrued in¬ Stone & Webster Securities Corp., by f. Q. Mills, Clerk-Treasurer of were awarded to Evan L,
Davis,
the Board of Education, for the
terest. ; Interest ceases on date Coffin &
Burr, arid E. H. Rollins
of Tulsa, and the American Na¬
purchase pf $150,000 2% coupon
lows:
r
•callediE 7
& Sons, Inc., all of New York, as
tional Bank of Sapulpa, jointly,
!.
construction bonds. Denom. $1,000.
up.'
1 %s,/ at a price of 101,77, a basis
-71!Cambridge, Ohio >
Dated June 1, 1947. Due on Dec. as ?s, at a price of 100.08, a basis $208,000 2^s. Due oh Dec. X from
1947 to. 1953 inclusive.,
of about 1.573%.
Dated July 1,
of about i.988%. Due $5,0.00 an¬
Bend Sale^—The $65,000 street
1, as follows: $7,000 in 1948 to
578,000 -L80s. Due on Dec, 1 from
improvement bonds; offered June 1947 and due on Oct. l froiq 1948 1957, and $8,000 in 1958 to 1967. nually from '1.95.0 to 195$ inclusive.
shall be; presented
land
Trust
Bond Offering—Sealed bids will
Co.,
t
165, p. 2847—were awarded
tovSWeney, C.artwright & Co., of
Cb&imbus; as' I Va s,' at. a price of
"00.623
basis of about 1.05%.
4ated Mat
1947. and. due $6,000
May 1" and? $7,000 * Nov.^ 1 from
19*8 to 1952, incl.
'
J
a
to 1969 inclusive.
Additional Award
000
—
The
1954 to 1964 inclusive.
Bidders may bid for, a different
>$850^- rate "of interest in "a multiple of
building and improvement
bonds offered the same, day- were
awarded to a syndicate composed
of the Northern Trust Co., Chi¬
cago, Braun,1 Bosworth- & Con ine*,'
Vi of 1%.
These are the bonds
that carried by a vote of 727 to
100 ,at the primary election on
May
from
6.
The bonds are payable
unlimited taxes.
Principal
OREGON
Jefferson
County, Deschutes Val¬
ley Wafer District (P> O*
Culver}, Ore.
Bond
Sale—The
,
$80,Q00 water
165, p.
bonds offered June 9—v.
576,000. 2s. Due on Dec. 1 from
1965 to 1973 inclusive.
,
1,038,000 2.20s. Due on
Dec. J
from 1974 to 1986 inclusive.
All of the bonds are dated
1, 1946. Second high
Dec*
bidder was
64
Monday, June 16, 19471
THE COMMERCIAL & FINANCIAL CHRONICLE
(3224)
i
syndicate headed by Stranahan,
Harris & Co., whose offer reflect¬
ed a net interest cost of about
swimming pool bonds offered the
same
day were sold to the Citi¬
zens Bank of Mobridge, the only
TEXAS
Additional Award—The $65,000
a
2.145%.
Coraopolis, Pa.
of $222,-
Sale—The issue
Bond
offered June 10—v. 165,
000 bonds
bidder, as 2.15s, at par.
Dated
June 1, 1947, and due on Jan. 1
from 1949 to 1967, incl.
and
of Philadelphia, jointly, as
IV4S, at a price of 100.52, a basis
of about 1.186%.
Dated June 1,
1947 and due on June 1 from 1949
to 1963 inclusive. Second high bid
Lincoln County (P.
I
son,
made by
100.226 for iy4S was
of
Graham, Parsons & Co., and Moncure Biddle & Co., jointly.
Richland Township
sider
voters will con¬
$210,000 school
the
17
June
on
issue of
an
bonds.
$160,000
cou¬
school bonds offered for sale
on June 5—v.
165, p. 2596—were
awarded to the Commerce Union
Bank, and the Hermitage Securi¬
Due $16,000 from May 1,
able
Interest pay¬
1957, incl.
M-N.
bidding
rities
Sharpsburg,
Sale—The
the
in
Runner-up
the Equitable Secu¬
Corp.,
offering
100.737
was
Bond
165, p. 3107—
to
Phillips,
awarded
Pitts¬
iy4s, at a price of 100.39.
burgh,
as
Dated
July 1, 1947. Second high
100.264 for iy4s was made
bid of
Deane & Scribner of
by Singer,
Pittsburgh.
Sharpsburg School District, Pa.
Bond Sale—The $25,000 school
offered June 9
bonds
v.
—
2975—were awarded to Phillips,
& Robinson of Pitts¬
burgh, as
iy4s, at a price of
100.388, a basis of about 1.19%.
Dated July 1, 1947 and due on
to 1958 incl.
(P.
Township
Tinicum
Offering
—
County Judge, will sell at public
at 2 p.m. on June 26, an
$250,000 not to exceed 3%
interest
highway bonds.
Dated
May 1, 1947. Denom. $1,000.
Due
May 1 as follows: $100,000 in 1958
and $150,000 in 1959.
Legality to
be approved by Chapman & Cut¬
of
ler
(P. O. Huntsville),
Scott County
Tenn.
serially
Due
jointly.
inclusive.
Johnson,
to
chase
Lane,
of
purchased by
—were
165, p. 2975
the . above
Nashville, and Thornton, Mohr
& Co.,
rious
(State of)
capital bonds
new
offered
2975
p.
—
were
syndicate composed
National
Bank,
a
Chase
the
Bankers
Trust
Co., both of New
Northern Trust Co., Chi¬
C. J. Devine & Co., New
1956; the remaining $10,000 as 3s, York, Commerce Union Bank of
due from May 1, 1957 to 1960, all Nashville, Laurence M. Marks &
incl.
Denom. $1,000.
Dated May Co., W. H. Morton & Co., W. E.
1, 1947.
Principal and interest Pollock & Co., Brown Bros. Har(M-N) payable at the Chase Na¬ riman & Co., all of New York,
by
Legality
Sinkler, of
Huger
Charleston.
Co.,
Robinson-Humphrey
lanta, and the Temple Securities
100.049,
Java, S. Dak.
Bond Sale
The $23,000 sewer
bonds offered June 6 — v. 165,
—
2975—were awarded to Kalman
& Co., of St. Paul, as 2%s. Dated
June 1, 1947 and due on Jan. 1
about
to
1947
1961
inclusive;
bonds
165,
v.
a
offered
June
5—
2975—were awarded to
headed by Kalman & Co.,
price of
of St. Paul, as 2y4s, at a
of about 2.108%.
1947, and- due on
1949 to 1967, incl.
a basis
June 1,
101.119,
Dated
Jan. 1 from
cost
DIVIDEND NOTICE
improve¬
ment bonds as iy4s. Due
Brooklyn
Board
of
West
and
improvement
see
bonds
as
114s. Due July 1,
22,
New
Directors
tuberculosis
2,000,000
bonds
as
114s.
hospital
Due
The
American
fer
25c
books
will
remain
ROBERT
open.
B. BROWN,
Treasurer,
stated by the
Fresident of the Board of Trustees
that
$60,000 school bonds were
purchased recently by Dittmar &
Co., of San Antonio, at a net in¬
355,000
consolidated
Due
Harris
July
the offer
was
for county
as
4%s.
ment bonds.
by
L.
Authority
bonds
purchase
at
housing
the
Administration
Va.
Bond Offering—A. M. Hamilton,
Newport News,
will received sealed
p.m. on June 23 for
purchase of $300,000 not to ex¬
ceed 6%
interest coupon school
building bonds.
Dated July 1,
1947. Due July 1, as follows: $13,000 from 1948 to 1951 incl.; $14,Clerk,
City
bids
until
2
the
1955, incl.; $15,000,
incl.; $16,000 from
1960
to
1963, incl., and $17,000
from 1964 to 1967, incl. Bidder to
name a single rate of interest and
a price
of not less than par and
000,
1952
to
to
1959,
War
and
Assets
purchasing
Principal
interest.
and
payable at the City
Treasurer's
office.
A
certified
check for 2% of the bonds bid
interest (J-J)
opinion of Wood, King & Dawson,
New York City, will be fur¬
nished the successful bidder with¬
of
out charge.
land from the City
necessary
of Harlingen
of the surplus
Harlingen Army
the
from
Airfields
the
Said
being issued pursuant
are
the
to
the issu¬
recreation center
wide mar¬
75,000
construction bonds by a
gin.
Defeated
Bonds
—
the
At
same
time
bonds.
WISCONSIN
Brown
County (P. O. Green Bay),
Wisconsin
Bond
Sale—The
$475,000 iy2%
series N public airport bonds
of-}
fered at public auction on June 12
165,
v.
2976
p.
awarded
were
—
to the First National Bank of Chi¬
and Halsey, Stuart & Co.
Inc., Chicago, jointly, at a price of
102.59, a basis of about 1.104%.
Dated Aug. 1, 1947 and due on
Aug. 1, from 1948 to 1957 inclu¬
cago
sive.
for, payable to order of the City
Treasurer,
is
required.
Legal
WASHINGTON
for said housing pro¬
and for completing and de¬
veloping housing project for slum
gram
King County, Renton Sch. Dist.
No. 403
(P. O. Seattle),
hous¬
low income
and
Said bonds shall be secured
by income and
Authority
and
revenues
by
of the
mortgage
a
upon
such bid,
bids to be based upon
the lowest interest rate at which
bidder will
accept and
pay par
for
the bonds.
(The above takes the place of
the
of¬
issue originally
$550,000
fered for sale
Wis.
Bond
Sale—The $300,000 bonds
offered June 9—v. 165, p. 2976—
awarded
were
tional
Bank
the
to
First
Na¬
of
Chicago, and the
Co.,
of
Milwaukee,
jointly, as 1V4S, at a price of
101.183, a basis of about 1.028%*
Wisconsin
Sale consisted of:
$100,000 water works bonds. Due
$10,000 on June 1 from 1948
to 1957, incl.
200,000 sewer bonds. Due $20,000
June
on
1
from
1948
1957, incl.
All of the bonds
1,
101.183
dated June
are
high
Second
for
iy4s
1947.
to
I
was
bid
of
made
by
Halsey, Stuart & Co., Inc.
•
(P. O. Boscobel), Wis.
Bonds
Offered — The
Town
Clerk offered for sale at public
Marietta
auction
June
on
11,
issue
an
of
$40,000 3% annual (June 1), cou¬
pon road bonds.
Denom. $1,000.
Dated June 1, 1947.
Due $8,000
from June 1, 1948 to 1952, incl.
Principal and interest payable at
the office of the Town Clerk.
on
July
Savings Bank of
a
net cost
Wash.
Bond Offering—A. A.
Sale—The
offered
sive.
of
Hess,
2.35%.
1,
Houston,
a
The bonds
1947,
and
on
interest
net
are
mature
der, on any
June
165, p.
cost
of
dated April
on
April
1
grimson,
Seattle.
offering
21
the
issue
an
voters
of
til
Town
June
30
for
the
purchase
of
$30,000 sewer and airport bonds..
Issue was authorized by the voters
June 2.
on
CANADA
interest date after five
Horowitz & Turner of
(Previous mention of this
appeared in v. 165, p.
,
of Olympia (P. O.
Olympia), Wash.
Sale—The
eral obligation
NOVA
Nova
bonds offered June
SCOTIA
(Province of)
L. Macdonal<L
Provincial
Nos.
$300,000 gen¬
Scotia
Bond Call—Angus
that
Port
6—v.
Treasurer, announces
$12,370,000 4Vz% debentures,
R-00001
to R-12370, datedl
Sept. 15, 1927, have been called!
payment on Sept. 15, 1947, at
for
par
and accrued interest.
debentures
The
called
for
re¬
due
to
165, p. 2976—were
serially on July 1 from
1962, incl.
numerical
election
will
con¬
$925,000 water
Bonds
on
any
and ac¬
interest
7
date
Re-Offered—Sealed bids
will be received by
until
1949
Callable in inverse
order at par
interest,
crued
incl.
Election—At
The
Clerk will receive sealed bids un¬
from date of issue. Legality
to be approved by Preston, Thor-
date, after five years from
County Water Control and
of issue.
Improvement District No. 12
(P. O. Houston), Texas
Wapato, Wash.
Bond
Wyo.
—
years
Harris
on
Offering
awarded demption will be paid (a) at any
Fridley & to the First National Bank of agency either of the Royal Bank
of Canada or of the
Canadian
a bid re¬ Portland. Dated July 1, 1947, and
9—v.
2848—were awarded to
Bond
interest, in inverse numerical or¬
Bond
$25,000 school
Greybull,
Callable at par and accrued
O. Houston),
June
serially on
15 from 1949 to 1962 inclu¬
T exas
Bond
Due
$1,000.
Denom.
June
3108).
March 13.)
WYOMING
Tremper,
Treasurer, will receive
sealed bids until
10.30 a.m. on
June 17 for the purchase of $300,000
not to exceed 3%
interest
school bonds. Dated June 15, 1947.
County
County, Klein Independent
Harris
sider
second high bidder,
providing for
of 1.3699%.
of
est rate is not to exceed 5%.
1,
July 1, 1951.
Trust &
Chicago
the voters authorized an
$25,000 street improve¬
3
issue
accrued
above
of
ance
Bonds Sold—It is
Owens that the
will offer for
sale on June 16, at 2 p.m., an issue
of $460,000 housing bonds. Inter¬
R.
Secretary
1956.
York
of
Company has declared a divi¬
per share on the Common Stock,
payable July 1, 1947 to Stockholders of Record
at the close of business June 19, 1947.
Trans¬
of
Offering—It is stated
from 1948 to 1963,
1958.
Manufacturing
dend
Housing Authority
""
1, 1947. A syndicate headed by the
Streets
Bond
flecting
All of the bonds are dated
The
July
University of Tennes¬
2,250,000
Blanca),
T exas
1956
price of 100.153.
a
(P. O. Harlingen), Texas
bonds
educational
3,000,000
(P. O. Sierra
1
No.
recent elec¬
a
tion the voters approved
LaCrosse,
noted
purchased by the above
Harlingen
Due
MANUFACTURING COMPANY
Noble
"
District
2s, and $58,000 as 2y4S, as
firm at
Wheeling, W. Va.
Bonds Voted—At
they failed to give the re¬
quired three-fifths majority to the
proposal calling for the issuance
Sch. Dist.
of $333,000 City-County Building
Blanca Common
Sierra
required three-fifths
VIRGINIA
Co., of Houston, at a net interest
of about 2.11%, for $107,000
School District (P.
iy4s.
as
reimbursement bonds
AMERICAN
of
follows:
1, 1958.
p.
group
interest
as
1957.' -*
July 1,
op¬
Mobridge, S. Dak.
Sale—The $134,000 storm
sewer
net
a
1.333%,
stitution bonds
■
tional Jan. 1, 1954.
Bond
May 24 the voters authorized an
issue of $1,000,000 building bonds.
terminal facilities bonds.
here, were
the
receive
elec¬
issue
$2,500,000 series B wharf
and
$3,000,000 charitable and penal in¬
p.
from
the voters authorized an
of At¬
Corp., of Nashville, at a price of
SOUTH DAKOTA
an
$500,000 public library bonds.
of
May
on
10
certified check for at least 5% of
of
approved
Galveston, Texas
an election
Bonds Voted—At
cago,
165,
v.
—
authorized
Co., of Houston, and the First terest cost of 2.742%. Runner-up
Southwest Corp., of Dallas. Price was R. A. Underwood & Co., of¬
paid was 100.022. The bonds ma¬ fering a net interest cost of 2.876%.
ture $16,000 annually on June 10
Winnsboro, Texas
from 1948 to 1972, incl.
Bonds Voted—At an election on
June
because the proposal did not
carry
Lubbock, Texas
&
York,
10
re¬
tional Bank, New York.
par¬
the real and personal prop¬
erty of the Authority.
Bidders
may appear in person or may pre¬
sent sealed bids by accompanying
such bid by cashier's check or
June
Se¬
cently by R. S. Dickson & Co., of
Charlotte, as follows: $15,000 as
2%s, due from May 1, 1949 to
Also
Milton R. Underwood
were
ing.
purchased
was
—
County
majority.
Bonds Voted—At a recent
tion the voters
22, the $667,000 CityBuilding bonds failed to
May
on
.
Sale—The $10,605,000 va¬
Bond
bonds
bonds
clearance
water works system revenue,
A
Details
ticipating in the purchase of the
of Montgomery.
awarded to
ries
& More-
Rotan, Mosle
land, and associates.
by
Tennessee
firm at par.
Woodruff, S. C.
Bonds Sold—An issue of $25,000
Jack M. Bass & Co.,
were:
Thomas H. Temple Co., both
the
for
3s, as noted here—v.
that $400,000 road bonds
purchased recently by the
Eddleman-Pollok Co., of Houston,
as 214 s.
Second best bid was en¬
states
were
tered
2848.
p.
County (P. O. Wheeling),
West Virginia
officially
stated that at the election held
Bonds Defeated—It is
Bonds Voted—At an election on
Judge
Bonds Sold—The County
as
County (P. O.
Sullivan
165,
Midland Independent Sch. Dist.,
Texas
cost
$36,000 Town
Blountville), Tenn.
Hall bonds offered for sale on
Bonds Sold—The County Judge
June
2—v.
165, p.
2975—were states that $500,000 school bonds
awarded to Fauset, Steele & Co., were sold recently to a syndicate
of Pittsburgh, at a price of 100.355. headed
by the
Third National
Dated June 15, 1947.
Due $2,000 Bank, i of Nashville, at a price of
from June 15, 1949 to 1966, incl.
100.667, giving a net interest cost
Hunner-up
in the bidding was of about 1.295%, on the bonds di¬
E.
H.
Rollins & Sons, offering vided as follows:
$164,000 as 3s,
100.079.
due on June 1; $80,000 in 1948,
and $84,000 in 1949; the remain¬
SOUTH CAROLINA
ing $336,000 as iy4s, due on June
1; $105,000 in 1952, $106,000 in
Ninety Six, S. C.
Price Paid—The City Clerk and
1953, and $125,000 in 1954. Inter¬
est payable J-D.
Associated with
Treasurer states that the $50,000
Combined Public Utility System the above named bank in the pur¬
sold
—V.
Texas
Georgetown Indep. School
Bond Sale —The
bonds
subject to the election, to a syndi¬
by the Chemical Bank
&
Trust
Co.,
of
New
York.
cate headed
County Road District
county
Memphis,
Space & Co., of Savannah,
$23,000 as 2%s, and $27,000 as
The bonds were
(P. O. Richmond),
1
$300,000
(P. O. Georgetown), Texas
school; bonds was
Price Paid—It is now stated by
sold recently to the Union Plant¬ the Superintendent of Schools that
ers
National Bank & Trust Co., the $165,000 school house bonds
and
Leftwich & Ross, both of sold to Milton R. Underwood &
Essington), Pa.
revenue
No.
7
$2,300,000 road bonds.
awarded May 20,
of
issue
Ohio
June
voters authorized an
the
election
Bond Sale—An issue of
3V4%
from 1969 to 1972
O.
Fort Bend
Co., of Dallas.
issue of
Chicago.
165,
Schmertz
July 1 from 1949
O.
Tenn.
August Wilde,
issue of
of
Dallas Union Trust
Additional
auction
Robinson,
&
Schmertz
(P.
County
Jackson),
of¬
9—v.
June
fered
Madison
play¬
bonds
improvement
ground
were
Pa.
$25,000
County (P. O. Crane), Tex.
Sale—The $130,000 high¬
Co., of San Antonio, as 2y4s, at a
price of 101.022. Second high bid
of 100.75 for 2y4s was made by the
both of Nashville, jointly,
as
1.40s, at a price of 100.26, a
basis of about 1.345%. Dated May
to
a
Alice), Texas
the
Votedh-At
Bonds
2975—were awarded to Roe &
ties Co.,
1948
rejected
bonds offered June 9—v. 165,
way
p.
for iy2s.
Bond
p.
O. Fayette),
pon
School District 1, 1947.
O. Geistown), Pa.
Bond Election—At an election
(P.
voters
Bond
pnn^^cpo
Sale—The
Bond
the
3
election
proposed issue of $137,000 bonds
TENNESSEE
Pittsburgh
Phillips, Schmertz & Robin¬
Lynch, of
&
Leonard
June
on
an
for various purposes.
Crane
2975—was awarded to Moore,
p.
Cameron, Texas
Bonds Defeated—At
in
—a
WEST VIRGINIA
O.
(P.
County
Wells
Jim
i
the City Clerk
June 23 for the
Bank of
Commerce in New York
City, in currency which is legaE
tender
for
public' and private
debts in the United States or
at the offices
in
Toronto,
Que.,
or
(b>
of the above banks
Ont.,
and
at the office of
Montreal,
the Pro¬
vincial Treasurer in Halifax,
N. S.„
which is legal tender
for public and private debts in the
Dominion of Canada, at the option
in currency
of
the
owner,
upon
presentation
said debentures
and sewer revenue bonds.
purchase
of $10,000
city hall with all interest coupons matur¬
bonds. Dated June 1,1947. Denom. ing after Sept. 15, 1947, attached.
Jeff Davis County (P. O.
Debentures
that
are
registered!
$500. Due on June 1 from 1949 must be accompanied by assign¬
Fort Davis), Texas
to 1951 inclusive. This issue was ments or
Bonds Voted—At an election in
transfer powers duly
executed in blank. Interest ceases
May the voters authorized an is¬ originally offered on May 12 and
from Sept. 15, 1947.
the bids were returned unopened.
sue of $30,000 road bonds.
an
p.m.
on
and surrender of
@FedFRASER