Full text of Commercial and Financial Chronicle : June 19, 1944 : General Corporation and Investment News, Vol. 159, No. 4291

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

MONDAY

%

11ie&
ommetciaL an
land.

Financial Chronicle
Reg. U. S. Pat. Office

[Volume 159

New York, N.

Number 4291

General
RAILROAD

Abitibi Power & Paper Co., Ltd.—Must Pay Interest

On Interest—.

than

INDUSTRIAL

-

INSURANCE

-

Commission

has

be taken against the

trar for the

the company permission to retire its
bonds and its $9,500,000 series "B-4" bonds.

in

court,

judgment

a

on

directive.—V. 159, p. 1237.

dried

American Bantam Car Co.—Registrar—
The Commercial Trust

profits
...
Patents, develop, & enoper.

rental

fore

Net

profit,

Inc. &

19,774,069

17,403,699

$419,816

$2,145,999

$3,465,128

;

1,169,864

715,620

178,723

$1,589,680

....

$2,861,619

$3,643,851

41,547

46,950

39,721

$1,631,226
'385,48 1

$2,908,569
366,343

$3,683,572
183,477

—245,000

741,000

profits taxes..—t527,000
$Est, refund of pr, year's Fed. taxes
Cr502,000

f711,Q00

1,050,000
980,000

$1,090,227

$1,470,095

4,493,969

3,930,802
115,134

Other income

This

In

....—

...

income

Gross

Issue

$4,850,520

$4,308,015

272,575
425,205
99,515

326,893

Federal

income

374,572

Federal

excess

145,207

'208,005

282,855

260,472

74,025

82,007

Stock and Bond

111,798

Quotations
Page

.

*

deductions

Other

700,000

—.

taxes

-

Balance surplus
at begin, of the year.
Surplus cr. applic. to prior years..

$975,745
4,562,133

....

New York Stock Exchange

6,937

366

8,294

.—£529
-.2540
New York Curb Exchange
,——2544
Baltimore Stock Exchange
.—.—2549
Boston Stock Exchange—-........2549
Chicago Stock Exchange—
2550
Cincinnati Stock Exchange..
2550
Cleveland Stock Exchange
.......2551

$2,589,777

$4,044,931

$2,793^20

1,751,151

2,929,337

1,264,857

$838,626

$1,115,594

$1',528,563

2>r3,267

Cr5,799

Dr 9,066

Drl,676

$822,604
$1.09

$844,425
$1,12

New York Stock Exchange

1,332

,—

—

prof,

exc.

16,916,794

inc, from other sources*.

operating income

$3,140,627

$2,781,359

plants

operating

sales..!

from

1944—12 Mos.—1943

1944—9 Mos.—1943

non-

on

—

...

expenses)...

stock of the above company.—'V. 154, p. 49.
Net oper.

be¬

income

deprec.

(incl. sell., gen. & ad¬

$3,290,383

gineer'g, Incl. amort.
Deprec, of oper. props.
Int., deb, disc't & exp.
Prov. for contingencies
Net

and

sugar

$17,336,610 $21,920,067 $20,868,827

ministration

Profit

taxes
'

1,955,488

1942

1943

1944

pulp

,

Net

refimd

of

Cost of sales

of New Jersey has been appointed regis¬

Co.

Addressograph-Multigraph Corp.—Earnings—

Period End. April 30—.

sales

Statement

Income

Consolidated
Years Ended March 31—
"Gross

(Including earnings of the Canadian subsidiary but excluding results
of operations of the British, French and German subsidiaries.)
Net

Crystal Sugar Co. (& Subs.)—Annual Report

given

—V, 159, p. 441.

the Ontario

Kellock in

MISCELLANEOUS

-

American

eight investors in the United States at 101.877*.

The

$9,500,000 series "A" 4%

motion of
the liquidator for the company for the taking of the accounts of the
company lr. the master's office, ruled that bondholders were entitled
to interest on interest and that the bonds are payable at option of.
the holder in United States funds.
Indications are that an appeal will
Justice

Copy

a

Corporation and Investment News
PUBLIC UTILITY

-

Price 60 Cents

Y., Monday, June 19, 1944

(Stocks)
(Bonds)

Earned surp.

Total

'
$5,537,879
385,124

636,940

$4,879,781
7,983,696
$1.62

dividends

dividends

Common

$5,584,196

272,975

-

Preferred

—,

$4,562,133
7,983,696
$1.93

....

$5,516,032.
385,122
636,940

385,122

.

Net profit from oper.
Res. for unreal, foreign

exchange

$825,871'

;.—

Detroit
for period-

Net profit

Earnings

share—

per

12 months ended

'Profits for

$1,106,528 *$1,526,887
$1.46
$2.02

1137.

*

......2551

"Less

.

1

directors have

The
the

declared

par

payable

Usual Three-Cent Div.

Toronto Stock Exchange

on

....

Over-the-Counter Markets

In 1943 the company paid the following dividends:
Jan. 15, April 15,
July 15 and Oct, 15, three cents each, and Oct, 15 and Dec. 20, extras
of five cents each.—V. 159, p. 2185.

income is after depreciation. (applicable

IT.

S.

!

...

receivable

applicable to growing crops...
assets
(net)

Other assets

$30,000,000

See

1954.

of

3l/i%

secured
p.

convertible

notes,

tax

Federal

Reserves—.

Condition

Reserve

Banks

2568

....

Statement

of

...2558

Statement of Member Banks of
Federal Reserve System..—.
......2558

Total

Transactions New York Stock Exchange—2539

"Less

Transactions New York Curb Exchange....2539
Stock and Bond Averages..
..2539

Capital Flotations for May...

S.

concession to

a

p.

dealers of 10 cents per share.—V.

159,

2409.

The directors
share

and

An

the

stock,

extra

of

June

on

usual

14 declared

an

extra

dividend of 15 cents per

The
create

10 cents per share

paid on March 31, last.
In 1943,
following extra distributions were made: June 30 and Sept. 30,
15 cents each; and Dec. 28, 50 cents.—V.
159, p. 2073, 1857.
was

the

an

Public Service Board has authorized the company to
of $50,000,000 of first mortgage bonds and to issue

issue

principal, premium and interest will be payable in Canadian currency.
second group series "B" will total $26,250,000 bearing interest
at Vk% and will be payable as to principal, premium and interest in

The

U.

S.
The

currency.
new

series

"B" bonds

are

to be sold




to

a

group

of not more

$26,114,237 $27,599,540

$505,000 in 1944 and $700,000 in

it is

not always

to arrange companies in exact
However, they are always as near

I

alphabetical
alphabetical

mechanical

as

reasons

possible.

revenue

Profit

Other

——

...

I

-

credits

.....

,

$1,049,689
551,719

$2,515,917
1,598,647

$497,970

—

.....

expenses

1943

1944

3 Months Ended March 31—

Operating
"Operating

$917,270

70,279

174,310

$568,249

$1,091,580

....

....

American Distilling Co.—Meeting Again Postponed—
A The meeting of stockholders
because of lack of

Quebec

3,639,660
4,562,133
7,983,696

American-Hawaiian Steamship Co. (& Subs.)—Earns.

quarterly dividend of 25 cents per share on the
payable June 30 to holders of record June 22.

both

a

has been postponed
quorum.—V. 159, p. 2185.

again

until July

7

Aluminum Co. of Canada, Ltd.—To Issue Bonds—

immediately $40,000,000 of these bonds.
The Issue will be divided into
two groups with series "A" totaling $13,750,000 at 3Vz% of which the

701,227
6,419,820

American Brake Shoe Co.—Extra Distribution—

common

nounced June 8 the' completion of a secondary offering
of 25,000 common shares (no par) at $32 per share, with

:

.

1033.

NOTE—-For

position

Aluminum Co. of America—Secondary Offering—The
Mellon Securities Corp.. and Blyth & Co,, Inc., an¬

-

...

..........

Treasury tgY notes of

possible

Vice-President of Kimberly Clark Corp.,
has been elected a director, succeeding R. G. Hutchins, of New York,
who is retiring after 31, years of service.—V. .159, p. 2073.

205,486

74,441

w—.u.*-

159, p.

due

2409,

Executive

2,722,388

213,886

,

.2559

Allis-Chalmers Mfg. Co,—New DirectorMahler,

—...—

payments for beets

——

U.

1943.—V.

order.

Ernest

1,278,963

;—

taxes......^

additional

excise

and

734,713
6% cumulative first preferred stock ($100 par)
6,419,820
Common stock ($10 par)-i,-.-i
—*—.
3,639,660
Earned surplus
—4,879,781
Capital surplus
......
7,983,696

Federal

...

accrued

$1,000,000
290,690

——

income

on

$500,000
463,719

—1

,

*
...

taxes

manufacture of sugar.,

on

Estimated

Condition

of New York has been appointed

offering in V. 159,

"Accrued
Other

Combined

Appointed for New Note Issue—

the

of

payable to banks
payable i.._*

Accounts

Foreign Exchange Rates...;

,

15,

■

Dividends Declared and Payable.....—..2563
The Course of Bank Clearings—..
..j...2556

price with accrued interest to Aug. 9, 1944. upon
presentation of said bonds at above-mentioned office.
In the case of the 1950 maturities, these bonds may be converted—
(a) until and Including but not after Aug. 9, 1944, into preferred
stock and common stock of the corporation, as provided in the inden¬
ture; or (b) until and including but not after Aug. 8,
1944. into
common
stock of the corporation as provided in its plan of reor¬
ganization,

trustee

Notes

Municipal Issues Sold In May
...2575
Redemption Calls & Sinking Fund Notices.2562

redemption

April

256,660

$26,114,237 $27,599,540

———

Liabilities-

State and City Bond Offerings and Sales...2571

corporation announces that it will redeem on Aug. 9, next,
at 102V2 and interest, all of its $21,661,000 outstanding 20-year col¬
lateral trust convertible 57c bonds, due Jurje 1, 1949, and all of the
20-year collateral trust convertible 5%
bonds, due April 1., 1950
($18,036,000 outstanding). Payment will be made at the office of
J. P. Morgan & Co. Incorporated, 23 Wall St., New York, N. Y.
Holders of the called bonds may obtain immediate payment of the

Trustee

172,561
13,071,486

886,527

-—.

General Corporation and Investment News.2513

Alleghany Corp.—To Redeem Two Bond Issues—

The Continental Bank & Trust Co.

.

8,673,601
257,449
12,020,164

—

....

Advances

Miscellaneous Features

1,125,497

...

...

-

—

Total

full

....

...

*

Inventories

—2555

1

1943
$296,153
125,000
1,489,800
12,187,876

$313,939
2,837,060

.

....

Government securities..

Accounts

Fixed

The

to products sold)

1944

Assets—
Cash

.2552

...

tax applicable to
1943 for post-war

excise

Consolidated Balance Sheet, March 31

Toronto Stock Exchange—Curb Section....2554

15 to holders of record
Jan. 15 and April 15, last.

July

and Federal

$4,483,969
7,983,696
$2.99

aggregating $918,955 for 1944, $908,237 for 1943 and $883,880 for 1942.

Montreal Stock Exchange...—.^.2554
Curb Exchange._
....2554

dividend of three cents per share on

a

$1,25,

A like amount was disbursed

June 30.

.

stock,

common

allowances

and

tAfter $58,000 in 1944 and $79,000 in

Note—Net

-**-

Montreal

Affiliated Fund, Inc.—To Pay

returns

sold.
refund.

sugar

....2551
Philadelphia Stock Exchange. J..-2552
Pittsburgh Stock Exchange
..-.—2552
St. Louis Stock Exchange..—............2552

April 30, 1943. are after renegotiation

p.

Exchange..

Los Angeles Stock Exchange..

settlement and Federal tax provision based on lower tax rates in effect
until June 30,
1942. and after write-off of foreign investments for

Federal tax purposes.—V, 159,

Stock

Earned surplus at end of the year
Capital surplus at end of the year.
Earnings per common share

Total

American Gas & Power Co.—Sale of Subsidiary—
The

SEC

on

June

12

issued

an

order

permitting the sale of the
St. Augustine Gas Co., consisting of
2,771 shares of
$100 par value each, to H. Hansell
Hillyer for the sum of $100,000
plus net earnings from Jan. 31, 1944, to the date of closing, and to
stock

of

deposit
Co.'s

such proceeds with the trustee of American Gas and Power
debenture indenture as substitute collateral for the securities
.

being sold.—V. 159, p. 2410.

....

tProv. for Fed. inc. & excess profits taxes....
-

common

income

Net

profit

Earned

surplus, Jan.

Total

surplus

Earned

March 31

Earnings per common share..
"Including
tLess

—-—

....

..

surplus,

depreciation

:

$395,580

of

......—.

..........

$51,015

in

1944

7,132,115

7,229,501

$7,427,864
315,225

l.-.j^.
-

Dividend paid

696,000

272,500

$295,749

....

...

$7,625,081
319,275

$7,112,639
$0.70

$7,305,806
$0.93

and

$73,541

In

p<^st-war refunds of $14,500 for 1944 and $61,000 for 1943.

FIRM
Bids

-

-

Banks,

Offerings

Unlisted Securities
For

corporations and 1 individuals
a ready market place

have found us

for large or small

Brokers, Dealers, Institutions, Corporations

sometimes

Kobbe, Gearhart & Company

blocks of securities
unmarketable.

otherwise

Inquiries invited

INCORPORATED

.

Members New York Security Dealers Association
45

NASSAU

HILL, THOMPSON & CO., INC.

STREET, NEW YORK. 5

Telephone

Philadelphia Telephone

REetor 2-8600

Enterprise 6015

Bell
New

Teletype
York

1-576

120 Broadway, New

York 5, N. Y.

1943.

Operating

expenses

Federal

Prop,

Net

Int.

<fi

to

Operating

Maintenance

•♦Fed.

1,167,023

'
taxes.

657,999

profits -tax

-1,244,160

income

exc.

Other

592,859

—

Depreciation
•Federal

10,052,597

income

1,987,831

23,956,221

...21,391

260,473

income

Gross

Amort,

601.742
18.333

30,303

income

Int.

Other

&

deduct.

inter.

Bal.

for

earn,

* 677,182
3,879,007

65,868
323,640

of

come

net

subs,

Undistrib.
sub.

Inc.

inc.

net

of

12,232,876
9,267,926

of

on

Divs.

18,369,498
18,369,498

35,777

14,380

102,072

14,771,150
65,040

4,856,091

18,471,570

125,754

453,259

deducts.

other

588,653

685,085

2,580,019

r___

142,904

71,052

949,164

2,771,237
330,401

3,044,306

3,975,000

15,089,128

11,330,209

_

—

surplus

dividend

O.

and

has

Both

Operating

1

Net

Net

men

'V

1944—Month—1943
11,226,203
5,551,736
$1,880,680

169,

income

$1,989,449
494,389

Net

Consolidated

of

63,838

761,163

the
'

»

fiscal

Federal
Divs.

2,585

32,569

39.261

1,217,003

1,130,227

24,292

27,881

Bal.'

1,192,711

deducts.

income

649,978

of

Net

goods

'•'••

v

the

$7,065,090
expense__

profit.

$5,377,110

2,465,075

1,915,086

__i___

tax

♦The

Internal

the

been

813,556

10,093,163

of

of

which

If

Federal

the year 1942
Revenue Act of

to

be

for

were

is

been

•

for

postwar

restated

to

of $19,652,361),

-

Cash

permitted the amortization over a
facilities of three subsidiary companies that

fiLoss.—V. 159,

p.

Insulator

Corp.

(of

sales

goods sold—
administrative and

427,510

expenses..

•

and

S.

tax

Frofit
Federal

on

$146,143

purchases
taxes

before
income

♦Federal

!

—.I.——

profit

Cash

income—____________

on

of

♦Including

cost

1

159,

p.

Dr856

1944

income

taxes, etc.—

and

income

Net

costs,
and

deprec.,
expired

deplet.

and
__

profit

Earnings

per

•Including
considered

—

tax;

no

provision

Assets—Cash,

Balance

Sheet,

Dec.

all

for

Accounts'

*

Reserve

1942

.

no

par

reserve

subcontractor claims

„

6,959', 166

for

shares),

contingencies,
$13,581,375;

for

postwar

on

income—___;—

stock (par $10)--'
surplus
surplus

t

'

-

—

r

used

"6"

numeral

names

of

the five wholly-owned Cana¬

to

Ltd.

Ltd.

to Sicks' Regina Brewery, Ltd.
authorized similar changes

recently

being

now

put

effect.

into

These

■

cover

in

the

Missoula, Spokane, Seattle (two), and Salem."

report for the week
the Associated Gas &
This is an increase «f
above production of 117,069,920 units a year
•'

electric output of
units (kwh.).'

net

.

Engel will retire as President at the meeting of directors

old

Gurley,

now

2298.

.

has been given by directors as to Mr.
believed that he will be succeeded by F. G.
Vice-President,
(New York "Sun.")—V. 159,

intimation

no

it

is

Executive
■

.

'vv

•

*

,\

"

Atlantic Gulf & West Indies Steamship Lines (& Subs.)

..—Earnings—

363,372

.

,,

•1944—3 Mos.—1943
1944—12 Mos.—-1943
$2,859,445 $10,260,642 $13,305,671
2,003,152
7,691,649
9,923,822

Period End. Mar. 31—

,

Operating

Operating

4,418,389
450,000

revenues

expenses——

$1,976,564
1,364,644

revenue—_

$611,920

$856,293

60,012

55,020

$551,907

$801,273

357,223

Net
'Taxes

oper.

except

ine.

profits

excess

;

$3,381,849

$2,568,993

and

taxes__

Operating income
150,000

—

137,500

900,000

289,168'

296,309

.

t

5,681,010
1,726,277
2,397,797

76,295

Other income

$2,279,825

$3,085,540

311,822

79,019

$2,591,647

$3,164,559

23,373 '

600,000

5,681,010

...

—

-__i—_i———
—

the

2T666

—^__-

__i—

Total

!

with

■

126~814

19451—_

transition—

Capital

1,726,277
3,114,431-

$628,202

-

48,064

64,176

$580,138

deductions

Interest

$824,646

$760,470

$2,347,630

598,234

1,380,908

v

244,017 '

•

27Q,707

'*

oper.'profit

Other

-1- $24,423,717 $28,634,832

deducting reserve of $200,000 in .1944 and $251,963 in 1943.
♦After allowing for depreciation of $2,382,617 in 1944 and'$1,860,447
in 1943.
tAfter deducting $2,309 in 1944 and $84,174 — 1943 on de¬

!

income

Gross

Net

•After

•

•

34,024

profit (net)——_

Prov.

$614,162

profits

Gross

■

for

income

$1,358,704- $3,728,538

$2,893,852

3,726,509
,

$6,620,361

and

227,685

320,271

1,074,944

23,405

260,873

912,532

972,456

$363,072

$777,560

$1,741,062

$4,313,821

1,334,084

$4.15

for

excess

posit with trustee.—V. 159; p. 634.

1,577,350
profits

31, 1943

American Viscose Corp.—To Increase1

tax

;

j

surplus,

capital

stock
1

1

-

American Rolling Mill Co.—Controller Named—

i

tnrtler^V^isg' ^1754 Asslstant Controller, has been elected Con-

j

Capacity—

the out¬
put of viscose process rayon staple at the Nitro, W. Va., plant by ap¬
proximately 12,000,000 pounds a year, and to increase the annual out¬
put of .acetate rayoii yarn at-the Meadvilie, Pa., plant! by approxlmately the same poundage, according to the -company's'announcement.
The corporation on June <15 announced that the Procurement Office
of
the
U.
S.
Army. Medical Department has ordered. 16,000 dozen
new-type elastic bandages made of "Vinyon" E, the elastic "Vinyon"
yarn manufactured by-the American Viscose Corp. - Of the total num¬
ber. 12,000 dozen will be manufactured by Medical Fabrics, .Inc., of
Paterson. N. J., and 4,000 dozen by Arbeka Webbing Co.,1 of Pawtucket,

obtained, the new equipment will be used to increase

R. I.—V,

159, p.

1651.

'

for

profits taxes__
contingencies.

Net profit

-

approjirriated funds for the purchase of additional
the company's plants at Nitro, W. Va., and Meadvilie,

Pa., which will be obtaihed as soon as conditions permit its purchase.
It is important to note, the compa-ny states, that this may1, not be, pos¬
sible until the war'has ended or until the pressure of war demand fOr
metals and other vital materials has very materially decreased,
;
When

$10,665,707;

excess

J Prov.

1944, have been
the figures released on May 10, 1944) to
estimates will probably be'tendered to them
on the
basis of charter-rates for freight vessels,--set forth in General
Order No. 8, Supplement No. 10, and General Order No. 37 recently
figures for the three months ended March 31,

•The

The directors have

equipment for

1

679—'V°C159(1p3'l965ShareS reacquired)' ^$2,630,591; total, $25,-




taxes

factor

.

121,214,083

units, or 3.5%
p. 2410.

successor,

1,342,090

561,166

trade and sundry accruals—

such Fed. taxes on income as may
payable when instal. profits are. realized-

Capital

$3,271,885

$1,465,665;

earned

—_

1

Associated Gas & Electric Corp.

was

159,

Although

commercial division:

Earned

7,065,660

$4,781,771
1,577,350

•

Ltd.

have

are

1944,

9,

Engel's

nr

'• Reserve

$12,608,102 $10,337,565
"
,

payable,

for Federal

Reserve
be

8,237,987

contingencies

:
-

holding

the

common

31,-it was learned on June 13. - Mr.'Engel, who will be 70
on July 28, next, will have spent more than 45 years with
the Santa Fe at his retirement.
'
1
'

3,024,349

3,404,730

of

July

years

p.

_____—

—

—

no

changed from;

Co.,

which

Edward J.
"on

trade

pay.,

names

present

Atchison, Topeka & Santa Fe Ry.—President to Retire

$8,115,826

$8,759,290

success.
the

Brewing Co.,

Group

4,144,163

150,452

68,828

at

and

"SICKS'"

cause

be

affiliates

June

"..ago.—V.

2,625,908
193,287
119,870
61,239

2,921,655;
•
287,167
150,153

will

trustees of

Electric

246,097
287,431

'

profits tax__

Change

To

158, p. 2246.

'

—

$20,500,064 $16,977,571

Liabilities—Accounts and taxes payable, $2,660,570; reserve for insur-

850

excess

payable after March 31,
Contract
payable

$26,351; properties, plant and equipment (less
intangible drilling costs, and reserves for depreciation, depletion,
of $57,288,000), $13,434,753; total, $25,850,679.

922,0/5

Federal

machinery, equipment,

Amounts

$5,378,246; U. S. Govt, securities, $1,500,000; accounts
inventories, 51,416,218; investments, $1,113,593;

a™o'nr-r 07,953'

of

Current liabilities,

receivable, $2,981,519;
prepaid expense, etc.,
etc.,

1,811,266
2,500,199
+ 63,915

Accountability on two munition contracts——
Amount payable under renegotiation settlement
Reserve

>

Consolidated

1,244,167
1,632,100
79,610

great

Brewing

names,

ended

•

!
1

;

_i__

refund

very
directors

Regina

The

1,500,000

• •

—

Associated Gas & Electric Co.—Weekly Output—

Current

'

•Earnings—

share
income

—V.

at

6,469
1943.

necessary.
-

etc.,

•

have

■

name

breweries at Great Falls,

;

$29,465
for

$10,720

$6.06

——

Federal

invests.,

Accounts .and

7,826,331

.their
'

$24,423,717 $28,634,832
•.

—$12,262,077 $10,018,405
346,025
319^160

—____

Dividends paid

sundry

6,299

geological and admin¬

lease rentals,

Gross profit

drilling

insurance—______

liabilities, munitions division":
♦Regulation "V" loan notes payable to banks__

1943
U

.

abandoned

life

14,419

'

♦Operating, geophysical,

leases

of

88,531

1033.

income

Intangible

receivable,

and. sundry

for

Years Ended Dec. 31—•

Total

value

the

on

"American

$145,183

,

$10,825

-54,000
591,443

■

etc.—
Unexpired insur. prem., prepaid rent and taxes
Factory and shipping supplies, etc
Amts. receiv. from employ. & sundry oth. items

$146,039

$30,415
of

Amerada Petroleum Corp. <& Subs.)

Other

C

6,367

income

istrative expenses,

and

buildings,

•

Operating

series

notes,

munitions division.;
notes receivable—,

of

the

Furthermore,

create.

subsidiaries to

The

3,407,022

manufacturing

14,400

depreciation

,

Canada, Ltd.

vote July 11 on approving

Sicks' Capilano Brewery, Ltd.
Edmonton Breweries, Ltd. to Sicks' Edmonton Brewery, Ltd.
Lethbridge Breweries, Ltd. to Sicks' Lethbridge Brewery, Ltd.
Prince Albert Breweries, Ltd. to Sicks' Prince Albert Brewery,

1943
$5,809,032

1944

of

subsidiaries

its

could

Capilano

81

$4,226,563

less

or

Postwar

♦After deducting post-war credit of $9,930 for 1944 and $9,837 for 1943.
—V.

March

Sheet

89,370
5,860

;

foy contings. & post-war adjs._

net

,

$146,412

taxes

profits taxes.:
income taxes—

Balance

2074.

p.

members.

of

'years with
dian

for equipment,

other

surrender

Mortgages

62,843

269

__

excess

Pennsylvania
Approp. as res.

159,

are

and

this

"The

Inventories

f Land,

Discounts

284,051
.
$1.95

1944 and $290,824 in 1943 has

division

savings

•Accounts
>

438,029

,

63,361--

■

.

—

$646,911

...

general

'

conjunction, well-known and popular brands of beer have been
marketed
by the company's American affiliates. over the past- few

—___.

1943

$637,014

____

'

■in

etc.——592,581
1,972,794
costs
4,365,880
•
Munitions inventories
3,570,440
4,819,716
Accountability to commercial division
__Cr591,443
363,372
Current assets, commercial division:
— ■
'
'
Cash
4,697,045
3,226,761
U.

1944

-

,

.

Material

2185,

Del.)—Earnings—

—

Balance

Recoverable expen.

Navy Departments as necessary in
companies do not record the amor¬

Quarters Ended March 31—

Gross

producing wells.'

adjacent to

"Founded

$1,111,150

$1,000,685
284,051
$1.76

receivable —-—

Accounts

or

subsidiary

,

which to develop a general trade-name and thus gain the benefit

upon

•/which

.—

munitions

assets,

Accountability

of

rights had

drilling

subsidiaries

,

for post-war credit.

Consolidated

has

♦Restated for comparative purposes.

♦Cost

that

.company

~~

600,000

in the above

charged

Current

.

on
their books, but,
in addition to normal depreciation on
facilities, they have charged income deductions and credited a
special reserve with the resulting tax decrease.
"

Selling,

■

300,000

transition.-—

683,077
L

•2,430,000

profits tax—

excess

statement.
<
(2) No provision is made in 1943 for Federal excess profits tax.

income

tization

Gross

to

communication

a

The stockholders will

1,300,000

696,500

.

Note—(1) Depreciation of $355,217 in

be

to

these

American

■
' • —
stockholders.
J.
C.
Markey, President,
been acquired "in two very promising

aircraft products.

'+'• y+'+.
a proposal to change
>the name of this corporation to Sicks' Breweries, Ltd.
A letter
to the shareholders, dated June
14, says in part;
>
,"This change should be made now as it has been found that a great
many people confuse Associated Breweries of Canada,
Ltd., with one
or
other of the brewery associations, of which this company and its

$3,694,227

359,242

taxes

•After deducting $270,000

1942, as enacted in Oc¬
ended April 30, 1943, would

months

12

by the War

The

1966.

p.

'.'•Name—• -—V';

•

$4,786,427

profit
Dividend paid
L—
Earnings per share—____

9,430,388

10% post-war credit part
result of debt retirement.

certain

certified

159,

and

the oil business in Oklahoma as a possible profitable
surplus earnings was announced on June 14 by this
manufacturer of lubricating equipment, pneumatic tools

production.—V.

$4,600,015 s- $3,462,023
232,203
186,412

——

——

Net

t

..

$614,626

revenues

At a spceial meeting of stockholders on April 5 an amendment to
company's articles of incorporation was approved authorizing the
company to engage generally in the oil business, but it is the present
-intention of
the management
to-limit its activitise to the field of

668,214

1.689.209

Revenue Code

effort.'

war

547,752

1,689,209

of the

(instead

5-year period
have

57,381

charge for the

be $18,864,158

$1,236,532

the

;•

—_______

income

Provision

1,089.210

140,767

.

taxes

provisions

the

90,640

890,846

profits

excess

tober,

$1,232,035

its

'immediately

1943

income

Federal

12,877,021

13,391,887
1,061,763

com-

stock

deducting the
currently realized as a
and

$122,371

28,462,439

deductions

Other

269,523

72,744

•After

reflect

$3,100,485
1 1,863,953

pieces of acreage south of Oklahoma City in Stephens County. Okla.",
Drilling will be started at once on sections of the property which are

$33,839,549

31,534,452

income

Total

'

140,767

'•

stock
for

earn,

mon

into

for

In

'

1944

sold_

operating

Other

13.146.544

13,668,429
276,541

1,102,346

88,353

taxes..

pfd.

on

operating

department.—V.

stated

ended

years

$38,599,542

Gross
profit
Selling and general

795,831

2,168

—_

miscell.

3,030,725

(The) Aro Equipment Corp.—Acquires Drilling Rights
Entry

(& Subs.)—Earnings-

for

Income

■

&

$4,262,760

142,861

$171,547

reducing

corporation,

/

sales

Federal

Int.

$265,232

144,339

income

^outlet

36,154,040
26,408,954

$7,721,936 $10,630,756
40,743,110/43,186,067

V

2,155,465

54,165

...

Balance

,

of

2410.

p.

$315,886

.

charges

947,986
in April,
operating expenses
$612,761,
applicable to other participants in the Southwest Power
-Pool,
tlncludes rent from lease of plant, in the amount of $13,000 in
the months of April' 1944, and 1943, respectively, and in the amounts
of $156,000 and $156,745 in the 12 months ended April 30, 1944, and
1943, respectively, for transportation property leased to a subsidiary,
'"which has been appropriated to the property retirement reserve—rail-

1944—4 Mos.—1943
44,911,607
23,970,937

9,360,441
3,993,267

__

910

Telegraph Co.—April Earnings

250,423

operating

income

2,694

applicable to pfd. stocks for period——
943,465 ,
giving effect to a retroactive adjustment, recorded

-1943,

$18,658,619 $15,343,157 $76,604,480 $73,193,750
___

______.

$4,079,006
183,754

t

9,506,009

net

exps.,.

$2,959,438
141,047

171,250

-

$313,192

•After

been elected Vice-President in charge
have been with the,company, about six

American Type Founders, Inc.

63,337

____

...

Net

Divs.

•■■

revenues

Operating expenses
Operating taxes

9,267,926
641,820

1,172,819
46,007

_

taxes &

$264,322-,

28,750

—

income

Gross

and

_

1,397,000
$2,959,438

Associated Breweries

stocks

bonds

1,476,000
$4,250,256

income ,(net)_—_

Interest

v

Cost

stocks

income

Total

■

....

charge

Vice-President'in

elected

been

1857.

p.

Period End. Apr. 30—

and

pfd.

on

Other

Reamer has

manufacturing.

2,155,465

2,964,951

97,000
$264,322

pit.

of

—

Operating income A.

7

Screw Co.—New Vice-Presidents—"

Drayton

Gerge H.

March 31

1,009,639

105,000

_

lease

for

(net)

14.836,190
404,343

.*>

2410.

159, p.

American Telephone &

sub-

advances

♦Rent

requirements applicable to respective periods whether

unearned.—V.

or

statement

1167,328

„1.

_—

$341,942

14,771,150

4,842,511

of

Gas

com,

on

Int.

Gen.

4,842,511

3,876,986

—

consolidated—

sid.

Divs.

Other

2,964,951

1,009,639

—

r 1

_

1944—12 Mos.—1943

Property retirement res.

Co.—

„

years.—V., 159,

9.506,009

116^,328

taxes

taxes

appropriation

3,876,986

L.

Sr.

American

Co.

from

Co.

expenses

Other

inc".

(as above)

Charles

11,661,474

......

above

as

Amer.

Elec.

Operating
Federal

49,165

49,008.

.•

2298.

p.

$1,240,241
• $365,426 $14,965,pi5 $11,977 05]4
575,628 ' •Crl79,693
7,488,840
5,526,271
127,950
111,591
842,826
1,238,426
89,721
72,206
907,993
855,919

revenues

and

1,009,639

——-

consol.

17,,919

14,040

j.

•'..

3,912,763
136,900

P.

taxes

earned

in¬

and Elec.

Gas

1,792,946
^

421,992,078
7,171,763

25,605,060
7,186,554

6,653,376

}

____

in

star.'—V. 159,

1944—Month—1943

April 30—

Operating

—

1,172,819

N. Y., and Marion, Ind.
Original "E" awards
plants in June, 1942, and have been renewed at six

periods since, 'each renewal bringing a

Period End.

<r<

...

con¬

solidated

Amer.

15,771,955

Amer.

Cn.

L.

and

—V.
Undistributed

of

income

•Full

521,084
3,884,099

*

1,105,491

_

stocks..

com

on

15,611,551

displayed on the Army-Navy "E" flags of two plants
was announced on June 14.
The plants are at

..it

at both

made

were

months'

com¬

stocks

mon

Divs.

24,420

318,548

stocks

pfd.

&

Balance

1100,000
$

70,441

on

interests.

Income

7.268,0^7

191,081

3,977

of

Divs.

4,057,567

company,

37,764,033

y

"way

adjust..—

♦Reservation

acquisition

41,216,611

1,822,198

Expenses

23,434,733

24,216,694
7,206,244

1C,710,943

this

Hastings-on-Hudson,

plant

elec.

of

2,009,222

599,846

debt

353,102

mi¬

to

of subsidiaries

276.929

2,122,724

_

fund,

on

Anaconda Wire & Cable Co.—New Awards-

211^824

92,262;

2410;

159, p.

Three stars are

37,552,209

40,863,509

10,618,681

5,'713,224

equity

sales

Interest

1943.—V.

Arkansas Power & Light Co.—Earnings—

public-

applic.

equity

P.

23,157,804

42,700

„

11,778,380

10, 1944,
output of

-

Net

9,781,953

2,080,024

income

Operating

Of

the .electric properties of this company for the
totaled 83,506,000 kwh., an increase of
78,324,000 kwh. for the
corresponding

of

June
the

over

week

de-

_i

Total

814,608

11,748,113

4,027,365

etc.,

to

divs.

Other

850,208

taxes

Other

public,

nority

9,017,794 115,145,901 106,517,958
2,880,373
39,636,720
34*652,944
5,749,403
485,132
7,363,673
13,523,493
13,933,573
1,141,973
6,609,286
7,837,835
643,270
12,365,281. 13,043,076
1,064,607

9,851,236
3,258,962

revenue

Operation

2,988,455

output

ending

6.62%

16,203,638
9,960,263

9,740,589

Balance

•Pfd.

1944—12 Mos.—1943
$
$

<j>

$

(net)—.

deductions

Electric Co. (& Subs.)—Earnings—
1944—Month—1943

20,866,897
10,109,125

9,643,544
97,045

income

Amer,

Consolidated:

Subs.

4,675,711
2,233,135

2,935,415

revenues-

income

Gross

Net

Period End. April 30—

2,244,443

& deplet. "
appropriation

oper.

Other

345.

American Gas &

week

of

liabilities, $1,554,578; Fed¬
eral income
and excess profits taxes, estimated, $1,892,335;
reserve
for cargo claims, $10,000; reserve for contingencies, $580,000; reserve
for insurance, $1,150,000; reserve for vessel replacements,
$8,323,936;
capital stock ($10 par), $4,203,000; earned surplus, $7,112,639.;>total,
p.

American Water Works & Electric Co., Inc.—OutputPower

.

K'

$

retire..

reserve

Liabilities—Accounts payable and accrued

159,

14,563,035
'

taxes

Mo's.—1943

$

32,834,060 135,706,421 123,598,396
12,313,078
52,118,777
48,103,906

•6,753,699

taxes

Other

1944—12

$

36,140,136

revenues

Portion

$24,826,488.—V.

$'

Operating

$24,826,488.

■

%

f

(& Subs.)—Earnings—

Light Co.

1944—3 Mos.—-1943

Period End. Jan. 31—

$4,956,583;

hand,

on

&

American Power

TMarch 31, 11)44
obligations of the
U. S. and its instrumentalities at cost, less amortization of premiums,
$5,284,480; accounts receivable (U. S. Govt., less reserve), $2,085,107;
miscellaneous accounts receivable and claims, $733,435;
inventory of
supplies, $39,704; right to receive post-war refund of excess profits
tax, estimated, $581,300; mixed claims awards receivable (less reserve
of $2,323,888), $1; investments in stocks of other companies,, $686,064;
assets
allocated to insurance fund
(cash in banks), $48,129; U. S.
Treasury notes, at cost, less amortization of premiums of $1,101,871),
$1,150,000; vessel replacement fund assets, deposited in banks to the
fcredit of U. S. Maritime Commission and American-Hawaiian Steamship
Co., joint account (cash in banks), $566,840; U, S. Treasury notes
and Home Owners Loan Corporation bonds, at cost, less amortization
of premiums of $8,246,460), $8,813,300; cost, less depreciation of ves¬
sels requisitioned as to title, for which compensation is due from the
U. S.
Govt., $8,002; capital assets (less depreciation of $8,241,115),
$471,026; unexpired insurance and other deferred items, $17,486; total,
and

banks

in

Sheet,

Balance

Consolidated

Assets—Cash

Monday, June 19, 1944

CHRONICLE

THE COMMERCIAL & FINANCIAL

2514

revised
'

.

(as

reflect

compared with

what

the

company

by the War Shipping Administration.
This revision did not
the net profits as originally reported for the first quarter of
the reason that during the quarter the company had set
aside out of net profits an amount for contingencies which was more
than sufficient to cover the' adjustment above referred to,;—V. 159,
released

change
1944

p-

for

;

2075.

Autocar Co.—To
The

company

is notifying its. stockholders of a decision to eliminate

payment of cash dividends for 1944 and to pay instead a stock
dend of-a new class bf preferred stock.
1.
In

a

letter

''''

Pay Only Stock Dividend in 1944—

enclosing proxy material for

a

divi¬

special meeting Aug. 15,

Yolume 159
Robert
-■to

P.

Page

would

Jr.,

President, stated that the move is being made
working capital, because "from present indications

cash

conserve

it

that

seem

'THE COMMERCIAL & FINANCIAL CHRONICLE

Number 4291

the post-war

business of the

company

Bond Stores, Inc.- -May Sales Increased 26.5%—
Period End. May 31-

exceed

may

The

,,

stockholders'

special

■creation

50,000

of

shares

dends.

to

are

Series

be

issued

stock

A

the basis of

on

meeting

has

been

called

150,000 shares of $20 par serial preferred

share

one

of

series

as

would

A

with

distributed

be

;

approve

stock, of which
divi¬

cumulative

5%

to

to

preferred for each 10 shares of

on
or
about Oct. 1, 194,4.
v
Page pointed out that the presently outstanding preferred stock

Mr.

has

been

verted

called

for

The

series

share,

A

stock

redeemable

share

of

those

of

$22

It

the

and

be

will

have

convertible

share

per

would

been

entitled

be

into

prior

to

redeemed

to

the

$20

preferred

share

for

♦Profit

per

Interest,

in

event

of

.

Profit

" y

,

Account for

the Years

'•

••'•'"'

Ended Dec.

.'1943

sales

rentals,

cellaneous

rights other

-;

from

'

discounts

income __

and

yv'Vr

Gross

profit

_

—

The

This

Net

It

1

and Dec.

announced

was

income

159, p.

that

and

2075.•

24,

during

the

current

fees

expenses

and

$2,446,570
in

Axe-Hought6n Fund, Inc.—Larger Distribution—
The. directors have declared

common

This

stock,

compares with

ments

in

Oct.

and

1

It

*

.of

$1,

par

1943

follows;

as

24,

15

announced

was

investment

of

to

30

17

March

cents

holders

15 cents per. share paid

were

Dec.

dividend

a

payable June

14

cents;

»

1943

and

in

and

1942.

on

24.

that

the

Pay¬
30,

just

declared

be

will

paid

Assets—Cash;

3,895,400

$2.69

for

renegotiation of war
to $2,445,696 in

deducting

post-war

1942.

refund

of

Sheet, Dec.

;

$1,010,000

1943

(less partial

customers

$1,864,914;

assets,

charges,

reductions

payments received of

property accounts

$851,376;

total,

1

New

York, of

tion
ho

on

$1,200,000 of equipment notes, Series D, payable in.40 equal quar¬
terly instalments.
The notes will be issued subject to the approval
of

the

Interstate

Commerce

pany's purchase of 500
Bethlehem Steel Co.

Commission

new

50-ton

The

'

ICC

exceeding
notes

June

on

of

the

payment

the

of

in

be

at

par

consisting

evidence

cost of certain equipment to
agrement.—V. 159, p. 2298.

sale

issue

B,

of,

but

purchased

rate

a

a

pointed

out,

month.

A

Unfilled orders

000,000,

unit

production

to

is

involved,

corporation's policy

times

10

books

The

not

on

(less

on

The

employes

reelected.—V.

approved

making

159,. p.

a

over

Vincent
Aviation

Bendix,

Corp.,

Mr.

Breech

continual

at

:yx

approximately $750,levels, it was

were

current

copter,

for

and

chief
the

executive

formation

of

of

corporation

said to be incorporated for

was

with

Mr.

Bendix

in

this enterprise

new

Aviation

Bendix

but

is
is

in

1943

company

Corp.
founded

not

affiliated
to

successor

a

to

in

develop

a

"airbus"

passenger

at

Members

Frederick
Claire

L.

of

the

1,200

The

of

company

will

insurance
and

Mr,

Inc.;

Robert

underwriters; Edmund

Bendix

new

will

be

J.

Newhouse, of Newhouse & Sayre,
W. Ross, President of C. P. A. Co:,

President; Mr. Barnes and Martin Jensen, ViceTreasurer, and Mr. MacDonald, Secretary of

Mr; Garside,

company.

Berkey & Gay Furniture Co.—-New Director, Etc.—
*

J." C.

Miller

has

befen

elected

director

a

and

Myrl J, Williams as
Vice-President in charge of manufacturing.—V. 159,
p, 106.
yx
/■. v
'■> % ■,
.•
1
v;
•; • 'V V."
...

,

.

v

Berkshire Water Co.
■t

The

(Mass.)—Notes Authorized—

-

Massachusetts

Bigelow-Sanford Carpet Co., Inc.—Promotions—

-

Richard. Stark,'with the company for the last 11
years, and Manager

Memphis branch since 1938, has been appointed Sales Manager

of the Atlanta branch.
E.

O.

office

Cunningham, who has been in charge of sales in the Omaha
for the last eight years, has been made Sales
Manager of the

Memphis branch.

.

..

.

The

company

year

on

third

will

the

quarter

allocate

basis of
of

15%

1943

merchandise
of

an

Bigelow

for

average

made

no

the
1941

third

quarter of
quarter.
During

allocations

of

civilian

goods.
The

extreme

shortage of man-power and the lack of backing yarns
the chief reasons for Bigelow's
inability to increase
floor covering production, it was announced.—V.
159, p. 2188.

continue

The

to

be

Commercial

and

Financial

Chronicle

hold

we

Jan.

1,

1953."—V.

159.

our

prop¬

1967.

p.

of

the

withdraw

to

company

announced

that

Chicago office,

its

the

m

of

narrow

stock

to

common

stock

distribution

trading in
does

It

is

is

insufficient

public

from

believed

that

since

the

retirement

of

the

preferred

stock

common

NOTE-—For mechanical reasons it is
possible to arrange companies in exact

held

June

on

(Reg. U.

position

of

will

possible.

as

Burco, Inc.—Special Meeting Postponed—
special meeting of stockholders to consider the proposal for a
of this company into Investment Co. of. America has
been
■adjourned for 30 days to July 7 due to lack of quorum.—V. 159, p. 1967.

to be

California Electric Power Co.

mortgage

sold privately

:

to insur¬

institutional

of' issuance.

The

mortgage

new

will retire 40% of
have a sinking fund

the

issue

which

bonds

Period End. April 30—

Operating
Oper,

revenues

costs

&

»

by maturity.

will provide

for,

an

■•■'■:'

■■■.

277,751

exps.

Net oper. revenues..
Other income (net).

$178,967

•

v'-'1/

.

Gross

income

Income

of

the

with

the

Net

income

♦Includes

Securities

Budd

G.)

Mfg.

Co.—Navy

Cancels

June 13

'Board.

'v

need

for

'%;■:/

;;
cargo

Total

•

•.

"On

Net
.Int.

.

profits

excess

before

19,301

3,683

$2,928,045

$2,620,591

106,541

905,353
723,043

1,300,297

42,210
$77,944

$1,299,649

$936,234

said:

:

■

a

Amortization

declared

was

with

the

effective.

;

>f;

trustee

$100,000

At

the

in

cash

same

May

29,

1944,'

the

amendment

was

.Bulkley

company
and
Central
executed amending as of

company

under

its

income

of

i

the

debenture

Na!ti6n'at

deductions
income

Net

Bank

of

agreement

Cleveland,

Jan^fTlJ)43, the obligations

Common
"

debentures and

debentures from

Jan.

1,

8,415

$2,778,464

1,517,207

1,463,240
312,374

1,384,703

323,598

$1,349,937

$1,228,466

$1,103,221

$1,092,879

475,280

___

473,357

.

464,995

465,261

Cr594

813

Crl,295

35,580

Cash

'

.

23,270

264,130

share

stock

80,000

$504,210

$498,563

208,502
233,136

208.501

208,500

201,080

250,038

249,870

$94,629

$40,025

$30,480

$3.08

____

216,766

$126,460

$2.54

$2.49

$2.90

and govt,
and

$18,065,441
8,957

11,632

916,971

(net)

678,601

158,688

152,437

_______

supplies-

deferred

1942

._

._

deposits-

3,024,993

149,984

expenses

debt

$477,285
196,935

Dec. 31

securities

receivable

•Unamortized
Other

v

1943

capital_____

investments and

Prepaid

109,700

of

______

Comparative Balance Sheet,

.

Materials

41,928

"

7,000

—

$568,098

per

fixed

Miscel.

300,882

34,727

878

34,551

Assets-

Net

$2,770,049

169,577

56,581
expense

_______________

charges

~

28,389

491,714
12,330

/ 52 6,265

25,445

Total

$19,860,666 $19,617,339

_—

Liabilities—
Funded

debt

Current

Other

.

11,882,000

___________________________

liabilities

Miscel.

Preferred
Common

for

extensions——

stock
stock

Capital

surplus

Earned

surplus

April 30,

3,475,000

2,914,200
70,499

}

„

since

432,114
221,904

3,475,000

reserves

Contributions

11,882,000

521,687

238,323
26,113
357,358

liabilities

1939_

375,486

15,477
357,119

2,914,200
*

70,499

249,026

also

being notified that upon
surrender of their depositary receipts their
debentures, endorsed to
show modification pursuant to the
plan, will be delivered to them,
together with checks representing the 12% interest which accrued on
the said

7,798

dividends____

common

,

1940

$2,878,835

tax

dividends

Earnings

.

1941

$3,069,271

12,089
$3,405,730
2,055,793

Surplus

•

of

amending
agreement datd Nov, T, 1933, so as to conform to the
provided for in the readjustment plan.
The holders of

deposited under the plan

1942

$2,871,037

income

Preferred

Total

debenture

changes

debentures

1967.

$3,057,839
11,432

debt___

Federal

company

as

;oQ

an

this

p.

384,060

..^ •;- .-■;.•••• ■

time

contemplated by the
jplan, of which, approximately $14,000 was used to purchase debentures
.which had'been
tendered for purchase
at 75%
of-their principal
amount, approximately $38,000 was required to cover interest
pay¬
ments'equal to 1Z% of the principal amount of the deposited deben¬
tures, and approximately $48,000 is left for a sinking fund to purchase
debentures for retirement.
; >
\
"On

159,

1943

(net)_____
_A__

Miscell.

circular letter to the

tax.—V.

$3,393,641

interest--

funded

on

Miscel.' int.

April 29, 1944, the readjustment plan for the cumulative income

debentures

S. Patent. Office)

321

$226,695

__________

I

(The) Bulkley Building Co., Cleveland, O.—Endorsed
Debentures Ready—
■/."
':vV

$2,616,908

$82,458

income

Accounts

Bulkley, President, on June 6 in

669,091

$2,908,744

48,045

________

Operating expenses
Depreciation

transports,

The Navy said it had discussed with the War
Department the possi¬
bility of using facilities -of the Budd company for production of high
priority artillery shells and other ammunition supplies for the Army,
r "Should
these arrangements materialize," the Navy said, "a large
portion of the workers now employed on the aircraft contract would be
reemployed on the Army ammunition production.
Philadelphia is a
labor shortage area, and the expectation is that workers released can
be placed in other war
jobs."—V, 159, p. 1967.

.the

$226,374

51,960

___

____

announced the cancellation of its contract for

the announcement said, will
be met with lower cost Douglas transport planes now available from
the large scale Douglas production for the
Army,
v The
Navy said that the Budd Conestoga production had "lagged
seriously, only four having been delivered to date."
It added that
iproduction costs are "substantially more than the company's original
estimates," according to the dispatches.
V:.

stockholders

3.195,918

3,496

Operating revenue
Non-operating income_„

Plane

:

J.

$6,481,917

3,483,536
771,574

72,054

h California Water Service
Co.—Earnings—

total of 800

Robert

1944—12 Mos.—1943

$182,463

______

deductions
taxes

♦Federal

*

planes scheduled to be produced, since the Army recently
"'cencelled its contract for 600 Conestogas.
y
.In announcing the action the
Navy said its cutback has been ap¬
proved by the production executive committee of the War Production

•

i

$7,163,854

271,876

'

55,507

V,

175
stainless
steel
Conestoga
cargo
carrying planes
by the above company/ according to Associated Press
The cutback leaves the company only 25 of the original

Navy's

.

$512,225 •) $570,304

___

deductions..

rev.

Non-titil.

(& Subs.)—Earnings—

1944—Month—1943

will

manufactured

/ The

not always
alphabetical
alphabetical

near

The

approximately

.

as

merger

$150,000 principal amount annually as a fixed sink¬
additional sinking fund contingent upon earnings
retire up to" a maximum of $400,000 principal amount an¬

.dispatches.
.

always

securities

new

due

time

are

company's entire

1969, which are

be

However, they

—V.

_—

—

$19,860,666 $19,617,339

159, p. 2189.

are

1.942, to Jan.

1,

1944,

inclusive,

and.

■

Canadian Dredge & Dock Co., Ltd.—New Director—
Charles

R.

Redfern

Mewburn.—ft. 157,

p.

has

been

elected

a

director,

succeeding

S.

1048.

William B. -Dana Company,- Publishers, 25 Spruce
St.,'New York 7, N. Y., BEekman 3-3341.
Herbert D. Seibert, Editor and Publisher;
Manager.
Published twice
a
week [every Thursday
(general news and advertising issue)
with a statistical Issue on Monday].
Other
1 Drapers' Gardens, London, E. C., England, c/o Edwards &
Smith,' Copyright 1944 by William B. Dana Company.
Reentered as secondYork, N. Y., under the Act of March 3, 1879.
Subscriptions in United States and Possessions, $26.00 per year; in Dominion of Canada, $27.50 per
year; South and Central America, Spain, Mexico and Cuba, $29.50
per year; Great Britain, Continental Europe
(except ^pain), Asia, Australia and Africa, $31.00 per year.
NOTE; On account of the fluctU"
ations in the rates of exchange, remittances for
foreign subscriptions and advertisements must be made in New York funds.
William

Dana

Seibert,

President;

William

D.

Riggs,

Business

135 S. La Salle St., Chicago 3, 111.
(Telephone: State 0613);
class matter February 25, 1942, at the post office at New
offices;




in¬

of listing and registration.
has resulted in a negligible amount

the stock, both on the
exchange and over the counter,
justify the expense of continuing the corporate
obliga¬
listing and registration.

not

arising

there

justify continuation

of

The Navy on

the

the

Because

(3)

.Order—
■

trustee,

Allocations of Civilian Goods Announced—
this

meeting

$42,000,000

flund which

completion

between

•.;.•:

.

until

S.

deposited

the

out¬

unpaid

placed

basis

order.

_

Department of Public Utilities has approved the
issuance by the company of $30,000 4%
20-year notes due July 1,
'1964.
Proceeds
are
to
be used
for
payment and cancellation of
$30,000 of the $40,000 of 6% bonds due July 1, 1944.
The remaining
$10,000 of bonds will be paid from funds now held by the company.

of

the

as contemplated by the plan, under which
rentals, which became effective in the year

Calendar Years-

license

Bendix.

Mr.

Presidents;
the

Cleary,

the

of

other

to

the

plus

(Edward

K.
Barbour, President of
Barnes, founder, director and former President of Houdaille-

&

these

which

on

previously outstanding, there will be less public interest in the
stock in the future than in the
past.—V. 159, p. 1443.

^

Hershey Corp.; John A. Clements, public relations counsel; Hector J.
powd, President of Certain-teed Products Corp.; Laurence D. Ely,
President of Reeves Sound Laboraotries, Inc., and Chairman of HudsonAmerican Corp.;
James W. Garside, President of Langley Aviation
Corp.; Charles L. MacDonald, partner of Tibbets, Lewis, Lazo & Welch,
attorneys, of New York; Lloyd Maxwell, First Vice-President of Roche,
Williams

of

registration of the issue
and Exchange Commission.—V. 159, p. 2076.

with

export to foreign countries.
of Bendix Helicopter, Inc., are
the
Linen
Thread
Co., Ltd.;

directors

fund

upon

the United States and
board

Of

annum.

ground leases tinder which

ground

The *ack of Public interest

.

tions

Moseley & Co. are acting as agents for the company in the
private "placement- of the mortgage bonds and will head an under¬
writing group which is expected to offer the debentures to the public
upon authorization of the New'York Public Service Commission and

the Bendix
Helicopters, Inc., which Mr
helicopter embracing original

horsepower.

1,

and

debentures

retirement

F.

developments
.

special

a

issuance

nually.,

$1,250,000.
:
r i
industrial leaders,}.,

way

any

at

sinking

a

new

/which may

principles of operation and performance based on his own inventions.
•The
10-passenger model is rated at 600 horsepower, and the 20and manufacture in

(1)

terest

of 31,300

$113,731,085,—

purchasers, and $12,000,000
Aug. 1, 1969, which are to be offered
which will bear a rate of interest to be fixed by board

ing

Heli¬

are

including some of his former associates in other Bendix
jn the aviation, automotive and home appliance fields.
The

the

the

the Bendix

Bendix

at

debentures

directors

The

to produce a new type of helicopter carrying two pas¬
baggage, with a cruising speed of 100 miles an hour, as
10-passenger and 20-passenger models based on the same
principles.
Funds have been privately subscribed by a group of 50
Industrialists, it is stated, and all the stock has been issued.
The
Associated

total,

a dividend of 25
cents per share on the
1 to holders of record June 23.
A similar
on
April 1, last.
Payments in 1943 were as
1 and Oct. 1, 21 cents each; and Dec. 24,. 33

refinancing

companies

25-year

as

new

Dr$286,174;

securities will consist of $30,000,000,25-year 3%%

new

ance

have

former

made

bonds to be due Aug.

(N. Y.)—Organized—

announced

surplus, $23,238,275; cost

mortgage series B 5% bonds (callable at 103% ) due May 1, 1957, and
debenture bonds (callable at. 102%) due June 1, 1950.

and

well

the

publicly and

12

earned

reacquired*

$18,000,000 5%

Inc.,

sengers

June

stock

stockholders

•v. The

2411.

founder

on

per

($10 par), from listing and
registration on The Chicago Stock Ex¬
change,
Among the reasons given for the proposed delisting are:

15 approved a
$48,000,000 funded
plus ap¬
proximately, $6,000,000 cash from the company's treasury.
The company has outstanding in the hands of the public $14,000,000
of first consolidated mortgage 5%; bonds (not callable) due May
1,
1945; $6,000,000 first lien and refunding mortgage series A 6% bonds
(not callable) due May 1, 1947; $10,000,000 first lien and refunding

non-contributory retirement plan for
$3,000 per annum.
All directors were

Bendix Helicopter, Inc.

the

executed,

in

the application

upon

for estimated Federal taxes and renegotia¬

reserve

April,1, .July
159, p. 1652.

through

of
r

6%

Securities and Exchange Commission June
12
hearing would be held July 5, at the Commission's

a

banks, $4,000,000; accounts and price
accruals and miscellaneous accounts

of

was

debt

as

stockholders

of

rate

Bimte Brothers—To Delist Stock—

2076.

plan

of

Bendix

the

The

"

..

directors have declared

The

.

V

1944,, at

income

an

$11,357,353;

reserves),

$113,731,085.

$25,661,624; reserve for plant reconversion and
out of the war, $4,000,000; common stock (1,979,000

common

p.

fpllow3:

a

This compares with

or

their

by

$3,138,752), $5,994,351;

contracts,

distribution

$1,018,901,000 at the end of the last fiscal
of Sept. 30, 1943.
This reduction was the result of cut¬
military and naval contracts and voluntary price reductions
the part of the company.

year,

backs

purchased

rent
obligations, as modified by the provisions of the readjustment
plan, and all obligations on the endorsed debentures have been

capital stock, payable July

$75,-

.vi-';/

production

1,

being

are

Brooklyn Union Gas Co.—Refinancing Approved—

year,

of making

yv'f

•■•;

the corporation's

on

equivalent

stated.

the

of

■■.••.;

of

159,

Corp.—Output and Backlogs—

higher

because

price reductions.

holders

cents.—V.

approximately that of the end of the last fiscal

■000,000

Jan.

increases

and

of 20
not in

under

from

redemption at

consolidated earnings of the
company and its subsidiaries for
first five months of the
year 1944 have been running somewhat
than for the
corresponding period of the year 1943.
"The
company has sufficient funds to take care of all of its cur¬

Broad Street Investing Corp.—25-Cent Dividend—

'

the annual meeting held on June 14, Ernest R. Breech,
President,
stockholders that Bendix war production at the present time is

told
at

series

$37,615,561;

share), $12,793,323;

par

V.

com¬
built by

be

/■••;;:

to

company

each,

$60,000

to

*cars

war

shares

connection with the

hopper
•'•.

notes,

of

Bendix Aviation
At

the

promissory

value

par

of,

"conditional

V;£-\
authorized

8

$1,200,000

in

steel

the

.

of

other costs arising

interest rate of 1.87%

an

to

payable

payable,

payable, $6,708,476;

Roy B. White, President, annouij^ed June 12 that the company had
a
bid, made jointly by Marine Trust Co. of Buffalo and

-accepted

of

purchase

by

the

•

(less

Liabilities—Notes

Midland Trust Co.

by
or

interest.

"The

31,

$11,966,172;

receivable

deferred

v

Baltimore & Ohio RR.—Awards Equip. Notes—

-Marine

1942)

prices,

accrued

1943, will be postponed for 10 years (and in the case of one of the
smaller leases, eliminated
entirely) and $24,833 of the ground rentals
which were paid and
charged to expense in the year 1943 will be
treated as prepaid
ground rental for the year 1944.

.

;

1,

lowest

heretofore

"Amendments to

erty
the

,;;•,V■.!

Balance

the

unpaid

$150,665, have been
the readjustment plan and had their
rights modified
by endorsement in accordance with the provisions of the
plan.
The
endorsed debentures thatyean be
purchased with the approximately
$48,000 which the trustee now holds in the
sinking fund will also be
promptly cancelled.

,

contracts.
1943 and

amounted

Jan.

to

at

plus

standing debentures $315,400 principal amount,
interest accrued to Jan. 1, 1942, amounts to

$2.15

contracts),

other

out

1142.

p.

fAfter

accounts

to

dividend

159,

3,895,400

———

provision

Consolidated

fixed-fee

cents each.

income.—V.

$4,181,480

U. S. Govt, securities, at cost, $525,029;
reserve,
including billings under cost-plus$35,849,949; accumulated unbilled costs and fees
under
cost-plus-fixed-fee contracts, $14,253,998; inventories, $31,067,943; cost of dies and equipment and installation expenses chargeable

the

June

1,980,000

$5,239,351

i

down

same

deposited under

3,170,000

9,090,000

amortization

$220,000 in

l,

better
,

last.

and

3,900,000

:

the

amount

debentures

since

t

1,200,000

-

June

record

March 31,

on

30,

share

per

of

65,378

cost-plus-fixed-fee contracts taken into income
shipped, after deducting manufacturing costs,

are.

payment of the principal of the
which accrued down to Jan.

interest

Jan.

the company have been
cancelled.
This
leaves
outstanding $351,000 principal amount of
.debentures on which the unpaid interest accrued to Jan.
1,
1942,
amounted to $167,608, and further
unpaid interest has been accruing

180,778

share—

on

products

Depreciation

quarter.

surtax,

:

thereon

"All

238,946

___—

tax

paid
per'common

general

.

adjusts.-:,

1.

*

*

profits

the

as

30 cents each.

realized

and

post-war

profit

♦Including

the current payment will be made out of in¬

profits

accrued

tendering

$21,029,351 $10,531,480
2,800,000

—

and

the plan,

of

unpaid
until

per annum on the principal amount of the
debentures, and then to a
.sinking fund for the retirement of debentures (including the interest

1942

■

88,807

reconversion

tax

excess

Dividends

30 cents per share paid on March 31, last. Distri¬
1943 were as follows:
March 30, 25 cents; June 30,

vestment

normal

'Earnings

compares with

butions during
"35 cents; and Oct.

V.

conting.

<;

a dividend of 40 cents per share on the
$5, payable June 30 to holders of record June 24.

par

plant

for

tFederal

directors have declared

stock,

for

Federal

■■•'

Axe-IIoughton Fund B, Inc.—Increases Dividend—

•common

?

819,572

—

——

Provision

the

1, 1953.
In the meantime, the annual
consolidated net operating income of the
company and its subsidiaries.
computed as set forth in the plan, is required to be devoted first to
.the payment of interest accruing after Jan..
1, 1944, at the rate of 6%

31

452,687

tReserves

Provision

and

is postponed

1942,

principal

.

disposal of plant items

on

debentures

mis¬

-

;

"Under the provisions

for issuance

reserved

they may tender their endorsed debentures
$48,000 sinking fund above referred to, which
purchase for retirement the endorsed debentures which

out of the
to

tendered at the lowest prices.

are

>

—$19,668,285 $10,118,377

purchase

used

,

'-•',•

share

,?ln .the future.
.V.;.-':
>
".V".y
Receipt of the series A will not constitute taxable income in the
hands of stockholders, according to
company counsel.
A Treasury
'Department ruling on the question is being sought.—V. 159, pp. 1651,
'•2298.

will be

1967.

Consolidated Income

V.V

at. $20

and

159, p.

Briggs Manufacturing Co. (& Subs.)—Earnings—

con¬

;

voting

no

stock is to be

or

,

common,

per

and would have
Pennsylvania laws.

by

serial

,

1947

company

required

The rest

would

at

thereafter.

rliquidation
than

retirement

prior to the special meeting of stockholders.

store.—V.

also, being notified that

for purchase

1944—5 Mos.—1943

$3,468,794 $19,836,231 $18,575,422

common,

payable
.<

$4,389,733

The corporation was recently reported to be negotiating a lease for
eight parcels of property at Reading, Pa., making up a plot with 60foot frontage and 270-foot depth on which it
contemplates building a
new

stockholders

common

1944—Month—1943

Sales

.its pre-war business."

2515
are

C.

THE COMMERCIAL & FINANCIAL CHRONICLE

2516

terest Payment—Semi-Annual

wholly-owned subsidiary companies)

(And

of

63,875,510

$12,834,348

Selling,
eral

__

and

adm.

10,824,746

—•—-

2,500

178,788

192,500

174,052

110,000

$7,190,211
316,027

$5,984,992
49,033

$5,990,982
39,838

$3,589,856
68,322

$7,506,237

$6,034,026

$6,030,819

$3,658,177

debentures-

on

Building

Other

——

income

___

Fed.

for

Prov.

*

_

'income

Total

to the
other
words, the bondholders retain their interest in the capital stock of the
company even though they have sold their boi.ds to the trustee.
This
would not be the case were the bonds sold to anyone other than the

*3,571,315

*1,970,515

tl,071,708

ended

$4,060,304

$2,586,470

Angeles, Calif., has also deposited with the trustee sufficient funds to
enable the trustee to pay to the bondholders 2'/a% interest for the six

335,260

832,818

107.176

$3,783,403
149,973
1,447,610

$2,797,970
149,972
1,447,610

$4,893,122

$2,693,646
112,479
965,073

965,073

965,073
$2.74

965,073

850,165

profit
Cash divs. on pfd. stock
on com.

stock

Earnings

$3,76

Federal

"Includes

149,972

1,206,341

taxes

profits

excess

of

$4.91
in

$3,015,000

1944

Total

provided

;
hand

on

refund

tCapltal

assets

income taxes

2,814,176

Total

of

—

taxes

347,120

1,213,386
407,648

and

profits

excess

accrued

Other

5,128,573

3,325,000

328,149

taxes—_

420,889

$9,908

_____

terms

in

deferred charges,

and

hand,

on

$7,644

$15,761;

$63,007;

indenture.

The

ground lease deposit, $20,000;

$19,692;

1944—Month—1943

Operating

expenses

taxes

108,107

107,534

1,253,370

1,254,767

8,302

10,057

91,282

23,320

319,153

!___

20,319

17,860

229,850

211,205

income

$613,790

$617,589

$7,793,909

C.

12,891

9,475

115,781

Rental

RR.

lease

Net

,

operating

Non-operating

Deductions.

&

$626,681

$627,064

176,335

177,784

__

mal

Fed.

;

"Net

251,683

956,385

107,852

69,916

889,996
1,337,637

profit

*Includes other income

$268,052

$3,224,692

John

Company asked the SEC on June 14 to
stock of City Light & Traction Co.,

common

sale
loan

See Old Forge

8% Preference Dividend—
cumulative

12 declared

preference

stock

in

dividend of 2%

a

respect

the

of

on

year

the 4%

159, p. 2412.

1944,

Njew

for

'

Carpel

(&

Corp.

ing and operations.—V.

NOTE—For

possible
order.

Statement, Year Ended Dec. 31, 1943

sales

Gross

_____

income

Rent

income

Gross

of

Cost

$6,267,229

sales,

.1

...

—:_____

"■

Y

:

111,820

taxes

p.

6,125,274

___

District

has

.v

.■'

.

i;'..

Vice-President

elected

been

and

Treasurer.

Net

from

profit

sale

from

Net

of

operations

$142,964

~

securities

profit

Earnings

'799
$142,165

—

share

per

2412.

Balance

Sheet,

Dec.

31,

Appeals at Asheville, N. C;, has re¬
a further investigation of
the

ordered

and

Court

Central Vermont Public Service Corp.—Earnings—

Assets—Cash,

$41,204; accounts and notes receivable $152 775- in¬
ventories. $822,156; prepaid expenses. $1,823; cash value $7,571" U S
bonds. $13,810; post-war tax refund credit, $2,593; investments $4,450:
capital

assets

(after

provision

for

depreciation),

$180 239;

total

$1,226,622.

penses,

payable, $243,890; notes payable, $109 000" em¬
bond fund, $13,120; mortgage payable, $12,000; accrued ex¬
$164,537;
withholding taxes payable, $9,234; capital stock

shares),
—V. 151, p. 1273.
(21,343

no

par

$133,775;

surplus, $541,068;

total

1944—5 Mos.—1943

1944—Month—1943

Period End. May 31—

$329,114

$320,627

$1,743,355

$1,690,268

94,378

64,372

477,945

Other operation

79,870

66,669

380,943

416,255
356,275

Maintenance

12,289

12,174

50,758

52,981

114,780

122,150

149,549

revenues
power

.

18,190

deprec.__,
than

24,683

29,213

for

Taxes—other

Blackie

and

William

J.

McBrian

have

been

made

position
It

is

as

Treasurer

announced

the

of

that

the

company.

Net

oper.

Gross

30,978

$95,165

income—^

.

$569,380
2,944

$121,751

-

702

240

$95,867

$121,991

(net)—

inc.

,,

on

ti,
June iA
30,

the

amounting to 37Vi

cents

per

the

nw

the

trusteed

the

of

.

modification,

shareholders

of

Central

en

C.

and

Company, S. en C.
Aguirre Associates.
A

n

Colony Trust Co., Boston, Mass.; disbursing agent

VAl4T547diSU'ibUti0n WaS



°n Jan' 35 and Apdl 15' Iast"~

•

..

the adjustment bondholders

group said,

would immediately become

effective and would

prevent the
had

restriction as amended was

normal

the

the National City Bank and William W.

the adjustment mortgage. The restrictions
fund provision were criticized.
The
trustees also contended that the ICC erred in changing the effective
date of the plan from Jan. 1, 1939, to Jan, 1, 1944.
In a supporting
brief it was held that the change in the effective date was not within
the order of remand from the United States Supreme Court.—V. 159,
on

$593,354

45,347

122,289

226,180

$76,644

$450,035

and

dividends

the retirement

$367,174

(>\

(normal

2299.

•

•

-

Chicago & North Western Ry.

.

'

35,500

143,500

145,500

$41,144
25,373

19,000

surtax)

Pfd.

div.

L_

$306,535
94,640

$221,674
126,864

Co.—Earnings—

Condensed Income Account for Calendar Years

,,

•

Note—For comparative
expenses

State

applicable

Gas

of

&

fixed

$52,535
18,928

,

requiremts.

proportion
on

J011!?,
be withheld against individual non¬
residents of Puerto Rico and corporations and partnerships foreign to
fnUrfiv^,Sc0LaH a p"ert° Ri?an Victory tax will be withheld against
tho
nffw
itt fiduciaries. Distribution will be made from
for

tax

Net income

Twin

share will be made
Company, S.

of

reorganization plan fur the road were
committee for the 5% convertible adjust-

provide.
Objections were also filed by

1,028

■.

$572,324

$71,535

—

inc.

and

ini° shareholders of record of Central Aguirre Associates
1944 from the net income of Luce and

benefit

the

.

p.

Fed.

•

by the trustees holding the shares of of Luce
for

to

the protective

this

Central Aguirre Associates—37 y2c Distribution—

RR.—Objec¬

,

;

$592,326

24,332

Balance

Army-Navy

distribution

income

Deductions

and

A

St. Paul & Pacific

termed "an undue unfair limitation
rights and incidents of the common stock."
The
"fair compromise" elimination of the threeyear restriction entirely and substitution of a provision used in other
railroad reorganizations, to provide that the annual 5% dividends on
the new preferred stock shall be cumulative only and to the extent
that they are earned in any particular year.
The committee also called on the court to take initiative in direct4ng the immediate payment of the, road's $10,442,828 indebtedness to
the Reconstruction Finance Corporation.
It observed that the loan
"should not In any way be frozen into the capitalization by the plan,'
that "the Interest of the Government should be solely to recover the
public funds temporarily advanced to this railroad," that "it should
be no part of the function of the RFC to discourage the repayment of
loans in order to remain in a key position of control, pending consum¬
mation of a reorganization."
The committee, of which Hubert F. Atwater is Chairman, asked the
right to designate one of the members of the reorganization committee
and of the voting trust, and objected to failure of the plan so to

Vice-

tympany has for the second time been
production award.
This award
provides a
white star to be added to the E flag which flies over the "Cateroillar"
plant.—V. 159, p. 2189.
p
granted

alphabetical

alphabetical

possible.

committee suggested as a

"

William

it is not always

'Hoffman, as trustees under

Non-oper.

Presidents, and William H. Franklin has been made Controller, suc¬
ceeding Mr. Blackie in that position.
Mr. McBrian also retains his

reasons

be

restriction

Fed.

income

$1 226 622

Caterpillar Tractor Co.—Personnel Changes—Award—

mechanical

payment of any dividends to the new common until full dividends
been paid on ,the new preferred stock for three consecutive years.

150,281

Operating
Purchased

Prov.

Liabilities—Accounts

ployees'

The case, originating, in the Eastern District Court of Virginia, was
brought by the committee for holders of the 7% cumulative preferred
stock against J. Floyd Kent and Overton B. Dennis, trustees for the
Central States.—V. 159, p. 2412.

1943

of engineer¬

159, p. 2191.

that the directors of the reorganized company could declare
dividends immediately on the common stock; but, if in any future year
the 5% dividends were not paid on the new preferred, the three-year
would

The

Corp.—Investigation Ordered—

$6.66

Consolidated

Illuminating Co.—New V.-Pres.—
elected Vice-President in charge

date of the plan.

plan

reorganization of the corporation.
Loss

about $12,500,000, will be
partly from financing by the
other banks associated with

amounting to

in the U. S. District Court in Chicago. The court
was to hold a hearing June 16 on the plan as amended by the Inter-,
state Commerce Commission in its third supplemental report.
The committee contended
that the Commission in its last report
failed to adequately meet the objections raised before it by the adjust¬
ment bondholders on the three-year restriction on dividend payments
on the new St. Paul common stock.
The committee noted that the ICC
had recognized the validity of the objection to the extent of amending
the plan to provide that, for the purposes of the three-year restriction,
it shall be assumed that dividends have been paid on the series A
preferred stock for the three consecutive years precedir^g the effective

Power Corp.—New Official—

The U. S. Fourth Circuit Court of

the

as

objections

filed June 5 by

upon

served

First
City

tions Filed To Plan—

1,564,094

1,341,835

/•

7* ;♦

Central States Electric

$6,268,238

a—™—_____

and

expenses

trustee.—V. .159,

409

shares of outstanding pre¬
of $1.62 Vfe a share, it was

ment mortgage bonds

600

__

received

Dividends

a

117,383

to arrange companies in exact
However, they are always as near

position

preside.
The hearing will be held to receive evidence in support of and in
opposition to a reorganization
plan filed by Merrel P. Callaway,

Subs.)—Earnings-

Income

Consolidated

retirement,

the

Ober has been

C.

Dean

Electric Corp. below.—V. 159, p. 2190.

on

its

York*

Effect

hearing

redeem

1 at $105 plus interest

June

on

Funds

of reorganization of the road will be held
at the Hotel St. George, Brooklyn, N. Y., July 25, the Interstate Com¬
merce
Commission
has
announced.
Examiner Robert Boyden will
A

will

company

provided partly from the treasury and
two
designated banks and a group of
them—V. 159, p. 2077.

Central of Georgia Ry.—Hearing on Plan July 25—

payable

1 to holders of record June 30.
A similar distribution was made
this issue on Feb. 1, last.—V. 159, p. 2412.

Co.—To Redeem Stock—

City Ice & Fuel
The

non-

Aug.
on

*

Kimball

T.

its sale of the

approve

Sedalia, Mo., to Missouri

base prise of $1,257,000.
Proceeds from the
would be applied to the prepayment of Power and Light's bank
notes with the Chase National Bank of the City of New York.—

ferred stock on Sept.

Proposed Acquisition—

$5,338,000

v,v'-

■..<

Public Service Corp. for a

$3,429,454

916,633

re¬

111,820
2190.

p.

Co.—Would Sell Trac¬

Service Power & Light

Cities

tion Common—'

1944'1943
$5,778,000

earnings

The directors on June

dividend

Central New York

\f

"

Week Ended June 7—

income

159.

.

124,709
444,666
412,895
94,189
329,363
290,491
and after interest, etc.—V. 159, p. 2412.
348.382
119,538

taxes

Chicago, Milwaukee,

tax

quirements
—V.

,

Canadian Pacific Railway—Earnings—
Traffic

Net

Preferred

$6,520,600

$6-757,868

$1,668,535

ex-

198.029

74,097

$268,231

profits

1944—4 Mos!—1943

1944—Month—1943
$1,690,175

after

and

penses

$7,606,149
2,105,648

.37,215

surtaxj____

excess

$7,909,690
2,205,682

74,263

,

and

(& Subs.)—Earnings—

profit
income

Net

(nor¬

tax

it to

.

E.
income

Commission for a
unspecified number

permission

given

was

Cleveland Electric

income

Gross

t

authorizing

order

Period Ended April 30—

than

Portland

under

Wheeling &

Buy More Shares of

has asked the Interstate Commerce

2077.

p.

123,704

other

taxes,

income

30,000,000
17,469,776

,

Practice

&

Accel, of amort, of D. D,

,

1943)

O.

&

$7,482,445

income.

Fed.

________

Fed.

.

Uniform

purchase an
& Lake Erie Ry.
by the ICC last November to
buy 74,357 shares of Wheeling stock to bring the combined holdings
of the C. & O. and its subsidiary, the Nickel Plate, to about 67%
of
Wheeling's outstanding shares.
Reporting to the Commission that it already has purchased the
74,357 shares, the C. & O. has asked the Commission to amend its
order so as to make clear that the road may purchase any further
amount of stock it desires without further ICC order.
The amount
of stock which C. & O. intends to buy was not specified.—V. 159,

285,610

munic.

taxes

State

6,500,000

proportionate share of the book value
of underlying assets.
tLess reserve for depreciation of $24,063,947 in
1944 and $23,140,336 in 1943.—V. 157, p. 2211.

the

per

Practice Committee rules that "when, as,
Chesapeake and Ohio Railway preference
cannot be completed, and such contracts are

118.766

25,155

and

State

572,137

1,000,000
2,999,450

the corporation's

at

of

$10

additional shares of stock of Wheeling

The

1944—12 Mos.—1943

:

Social'Security,

$75,922,905 $65,025,615

_

—

tCarried

of

company

Further

Total

share
stock of

of

13.
Payment will be made through The
National Bank of Chicago and The Chase National Bank of the

$1,338,057 $16,944,371 $16,569,168
7,256.807
7,216,375
561,697

$1,347,810

revenues

Operating

30,000,000
18,983,074

!

(b)

pursuant

common

holders

2

1943,

6,

of

dividend

a

to

(trade),

payable

1,500,000
;

Oct.

dated

pay

;

;

supplemental
of

V.

6,000,000

($50 par)__L__

to

contracts-in

Asks Authority to

Sheet, April 30, 1944

and

bank

trust

of

2,999,450

____

contingencies—
preferred stock
Common stock (no par)
Earned surplus
for

cumulative

Railway

proposed

(Series

Lake Erie—

British income

taxes—_______

indebtedness

Funded
Reserve

5%

(Series

canceled.

of

32,083

debentures-—!

on

estimated Federal and

for

Prov.

$500,000
2,035,940
411,489
330,987

29,792

payable, trade and miscellaneous—
Owing Alaska Packers Assn. and subsidiary
Accrued payrolls
interest

stock

1,207

Central Maine Power Co.—Earnings—

— -—

500,000
2,832,833

___

stock

2.300

__

Period End. May 31—

12,120

$6,000,000

__

8,850

1,074
4,507

_

$701,292.

Fed.
__r-_

Ohio

and

company

issued"

announced

558,152

Accounts

Accrued

expense

tax

$1,461; accrued liabilities,
$1,716; taxes payable or accrued, $8,720; interest payable on bonds,
June 1, 1944, $12,137; lease deposits and advance rentals, $8,029; in¬
come
leasehold mortgage
bonds, due May 1, 1957, $485,500; capital
stock (par $1), $7,448; surplus, $176,279; total, $701,292.—V. 159. p. 4

Liabilities—

payable to banks
debentures (current)

$33,026
13.025

12,137

8,850
bond

of

income

Liabilities—Accounts

$75,922,905 $65,025,615

-

_______

—_

if

and

Associa¬

the National Uniform

Code,

1,763

:

profit

total,

19,457,635

(est.)

T

-

Contracts

National

issued the following notice:

of 1943)
the company, has been rescinded.
Accordingly, acting under Section

$31,263

85

bonds

$36,477

expenses

365,900

887,683

profits

of

cash held by trustee
accounts and notes receiv¬
(trade), $675; leasehold estate, equipment, etc., $582,157; prepaid

able

8,890,603
154,211
.V-——

19,188,544

excess

____

Net

2,115,962

•.

$36,393

1

profit

Amortization

—

9,215,319
145,377
403,432

Chesapeake
the

the

52,553

Depreciation

$4,352,547

fire insurance companies

charges

1943

$83,816

56,270

interest

under

443,365
28,342,255

receivable——____

—

Deposits with mutual
Post-war

April 30

Total
Bond

2,566,353
1,831,651
497,388
24,223,092

Growing crops and advances to producers
tlnvest. in Alaska Packers Assn. capital stock
Invest, in and advances to other companies

Deferred

1944, the trustee pur¬
amount of $18,500 at an

$1,000.

Ended

Months

Six

for

per

$92,663

retirement

on

Assets—Cash

1,100,000
2,469,283
5,350,642

—

-—,

accounts

preference

Gross

1942

$5,215,708

____

—

Treasury certificates of indebtedness
receivable (trade
Accounts receivable U. S. Govt.—.——

Federal

$995.42

expenses

Operating
Gain

28

1943

S.

Accounts

Inventories

made beginning
the trustee,

was

u__

Balance

Comparative Consolidated Balance Sheet, Feb.

banks and

the

which

in

Childs Co.

and

and property, charged to
1944, $1,272,409 in 1943,

plant

on

Assets—

of

distribution

the principal

in

of approximately

income

Federal

Note—Depreciation

Refund

bonds

retirement

price

Operating

1941.

Miscellaneous

for

Results

965,073
$2.64

profit and loss, amounted to $1,237,854 in
$1,190,936 in 1942, and $1,245,019 in 1941.

in

This

1944,

30,

after which $59,130 remains on deposit with
to set up certain reserves.

During the six-month period ended April 30,

^Including share of profit of Alaska Packers Associa¬
tion.
§Befcre net surplus credit adjustment of $672,523 in 1944 and
$441,217 in 1943, and debit adjustments of $1,737,048 in 1942 and
in

April

Los

required

chased

taxes.

$68,947

is

average

$2,319,813 in 1943 (after estimated post-war excess profits credit of
$335,000 in 1944 and $176,705 in 1943, and $705,531 in 1942.
tlncludes
Federal and Philippine income taxes and British income and excess

profits

ended

1, 1944,

who

1944

share

per

.

at

Building

Equitable

the

operating

company,

of

shares
stock

Outstanding
common

building

months
June

years

tSNet

Cash divs.

The

of
Pack¬

31

Dec.

of

of

Committee

informed that the resolution of the board of directors

We have been

trustee.

$2,462,711

share

prof, of Alaska
Assoc.
for

ers

2%%

together with the bonds, and new participating

cancelled,

are

certificates representing the same number of shares are issued
whose
bonds
were
purchased for retirement;
in

*4,573,000

—'

Proportionate

Notes

the trustee the participating certificates attached

$2,933,237

taxes

Cash

10 shares with each $1,000 bond, five shares
bonds, and one share with each $100 bond.
As

$500

retired by

are

of

shares

tion of Securities Dealers, Inc.,

to

participating certificate representing a
the capital stock of Central Hollywood

a

Issued"

Ry.—"When

Practice

Uniform

bondholders

income

Balance

XI.

of

is

namely,

Co.,

each

with

bonds

bond

each

to

National

The

exhaust

•

•

number

thereto

Profit

for the

at prices not higher than the redemption price

$21,300.50

Ohio

&

Cancelled—

trustee, Los Angeles, Calif., until
sale to it of income leasehold

Co.,

bids

receive

bonds.

certain

9,134,493

10,683,204

9,920,822
,

of

sum

said

Attached

debentures

on

retired
Interest

the
of

gen¬

expenses

Premium

74,489,370

82,185,662

profit

to

Trust

&

Insurance

offered

16

Chesapeake

Sought—In¬

Earnings—

mortgage bonds dated May 1, 1937, to an amount sufficient to

49,138,688

$17,289,821 $16,860,697 $16,992,280

goods sold

Gross

June

$61,973,036

$99,475,483 $91,350,067 $80,867,790

Title

The

Feb. 28, '42 Feb. 28, '41

Feb. 29, '44 Feb. 28, '43

Fiscal Years Ended—
Sales

Cost

Central Hollywood Building Co.—Tenders

Statement—

California Packing Corp.—Annual

Monday, June 19, 1944

earnings for 1943 include revenues
properties acquired by merger from the
Co. on Dec. 28, 1943, and an allocated

1943

to

charges and dividend

requirements of said com¬

Passenger

A-

Express

_L_——

—

-

other

2,792,610

2,606,113

2,611,319

4,707,933

3,161,999

1,883,887

7,849,881

Mail
-

All

1941

112,40^,466 105,597,684 .86,320,200
33,443,780 20,382,903-12,916,384

Operating revenues (freight)

purposes,

Electric

1942

6,641,114

5,953,380

pany.

Immediately prior to the merger of
Co.

with

and

into

this

company,

the Twin State Gas & Electric
1943, the balance

effective Dec. 28,

plant acquisition adjustments, $2,193,808,
was
against the capital surplus created by a capital contribution
from New England Public Service Co.—V. 159, p. ,2190.
of

electric

charged

received

Total

Total

The stockholders have approved an

stock

to

confirmed

1,500,000

shares

declaration

from

of a stock

Dividend

increase in the. authorized capital

500,000

Shares.1

The

directors

dividend of one'Share for each

income

(all

1,847,0B1

held, payable June 30 to holders of record June 15.—V. 159, p. 2190.

accruals

Equip, and joint facil. rents (net)
Interest, rentals and miscellaneous

also
share

tax

Total
Income

deductions
for

year_

1,653,997

1,559,528

162,861,204 140,049,016 111,42.5,989-

sources)

Rallway operating expenses

Railway

Cessna Aircraft Co. (Wichita, Kans.)—Stock

161,014,173 138,395,019 109,866,461

operating revenues

Non-operating income

(all sources)
——_

110,004,866
9,553,481
664,079

16,488,889

94,341,803
17,139,618
1,973,599
16,629,757

80,866,471
9,264,345
2,942,569
16,892,487

136,711,313 130,084,777 109,965,872
26,149,889
9,964,239
1,460,117

Volume 159

THE COMMERCIAL & FINANCIAL

Number 4291

the board of directors to stockholders of the company," who will pass

Disposition of Income Available for Fixed'Charges Under ICC
Reorganization Plan

V'

/;

divs.

12,000 of the

■

pledged with RFC—

90,460

Fixed

Rent

90,460

roads

Interest

465,835

311,187

351,740

10,961
interest

securities

>

3.616,855

2,405,012

2,404,287

Available.net income. $29,032,264 $31,667,722 $17,177,705

$8,207,368

Applic. of avail, net inc.:
Annual

216,003

Annual
Annual

34,800

of

66,300

Bridge

RFC

66,300

of

Excess

fund

income

able

32,500

and

stock
to

int.

•

|

available

*

—

Int.

Income

on

earned
Net

and

inc.

after

viding

for

income

Sink,

int.

2,889,120

525,295

525,295

$7,103,384

$23,301,015 $24,599,770

_

what

—

Summary of Int. chgs.
basis

on

new

Commutable

"

'

-

bonds—

$2,404,287

$2,405,012

1,280,203
4,727,651

—

4,727,651

—1

'Total

$2,393,674

.-./.V,
1,286,572
4,727,651

1,930,510
2,889,120

mtge.
•

income

:

*

...

on

$8,401,528

$8,344,506

$8,418,510

81

General Balance Sheet, Dec.
;'

.

Of $2

to

♦

1942

5,000,000

.

Advances

integrated

"single

public

utility

system,"

if

it

A

declared

an

dividend

initial

of

$2

15.

An

distribution

initial

of

$2

per

1943, was made on the preferred stock on
to stockholders of record Dec. 15, 1943.
The latter issue
full

cumulative

Jan.

1,

1943.

corporation was formerly known as the National Postal Meter,
Inc.—V. 159, p. 1860.

1.023,829

June

% Incr.

1943

1944
186,989,000

173,170,000

8.0

3—177,602,000

167,724,000

5.9

185,291,000
183,759,000

170,593,000
174,980,000

8.6
5.0

10,—

15,152,951

5,152,951

1,337,658
57,221,613

12,019

May

27

40,227,077

May

34,000,000

12,225,000

20
159,

1,076,362
1,462

1,841,603

'

Temporary cash investments—
Loans

and

Net bal.

——

bills

receivable..

receiv.

Miscellaneous
Material

from

receivable..———

supplies

Other

current

assets

fund

•Working
Insurance

other

deferred

Other

from

Due

370.293

289;835

27,367
239,556

27,367

!

"

funds..

-

assets:

C. St.

Interest

9,664,241

advances

and

P.

& O.

Balance

(commission

Interest

on

.'-Total■

,

i/.

2,654,994

250,566

miscellaneous accounts—

Unadjusted debits

5,513,260
250,566

account)..————

1,402,949
1,063,892
3,825,526

u^.,—;

,

1,402,949
' 940,504

2,199,465

764,059,518 718,487,075

•......

Liabilities—

Stock:,
•'
Capital stock

:-v,:

(

and

scrip outstanding.
Premium on capital stock....
Long-term debt outstanding
and

Traffic

car-service

180,839,845 180,839,845
..U—„

29,658

29,658

sr

367,854,463 373,547,552
-9,123,338 ;; 6,835,154

balances^....

Audited accounts and wages payable—6,'738,148
"
Miscellaneous accounts payable..^.—..
216,440;
Interest matured unpaid
73,186

5,445,157
185,625

.

,

'

...

Dividends matured unpaid.———.
Unmatured interest accrued—"

v

tax liability—
current liabilities...—

_

Interest in defaults—
Other. deferred

Unearned

.

82,033

'

-

V

.

.

-Appropriated surplus
Earned surplus

:

June 7.

;

■

v

146,511

March 31—

Operating

expenses,:

91,257,790

:Depreciation.

1,175,287

——

Federal

£_yji;:Cii)r30;569,238Dr51,748,686

taxes

.

V.

100,692

income_„.

138,000

income^ll,_

on

18,994
93,544

93,639

,

-

on

161,104

19,731

—..

other than Federal taxes

Taxes,

.1943

$1,038,245

$1,089^402
174,570

Maintenance

a

6,192

:

1944

7,7

..

earnings-

•

94,056,436

114,652
100,500

Total

Jan.

Balance

764,059,518 718,487,075
revised to

*1942

conform^

Interest

changes in ICC requirements, effective

1.'1943.

;

■
.

*-■-

Liabilities—1T^!

Indiana Harbor Belt,
Also

C.

N.

&

pppuritv

for

$450,000

are

2299,

•

Co.

1968.

W.

payment, principal alid interest, of $45,636,000
bonds of the C. St.. P. M. "& O. Ry. Co., owned by

Ry.

loans

Co.
from

hand in

on
.

-1

:

159,

capital

other

■;,»'•

■

s

before

:;charges_iPi«^t—.-

charges

■

■

y.

.

_..,

r

.

■■

: jqwq

:vdividendsl7__^!ljJJ^i4-'r^W

dividends

$562,769
239,857

$549,452

$322,912

An
new

18,000

Coca-Cola Co.-—1To Increase Stock, etc.—An

to

increase

of

the

authorized

common

5,000,000 shares of no par value




was

stock

from

recommended

declared^----'—"r-

$304,912

p.

cumul.

245,637

»

of

post-war

a

record

June

12

declared

class

June

A

dividend

a

stock,

20

of

25

cents

share

per

payable July

par value,

no

similar

A

distribution

1

to

made

was

on

Cuban Telephone Co. (&
Total operating
Total operating

Sub.)—Earnings—
1943

revenues

etc.——

expenses,

1941

$5,199,692
3,747,640

$4,425,268

$1,632,491

-

1942

$5,758,224
4,125,734

.

$1,452,052

$1,099,998

foreign exchange—

Dr 2,749

3,325,270

228

earnings
Other income
(net)—:

$1,629,741

$1,452,280

$1,629,741

.$1,487,086

,

on

Net

Gross

The company on

Net

.

$285,616

Dividend,

,,,

■

purchased)

$1,389,322
364,266

dividends.

from

364,266

Sheet,

$840,663
364,266

$897,460

$476,397

31,

Dec.

1943

property, equipment, etc., $30,444,430; accounts re¬
National, provincial and municipal governments,
investments
and loans
receivable, $35JL69;

Assets—Plant,
ceivable

$646,304;

Balance

,

$1,261,726

$925,056

"

—

Consolidated

$1,166,172
325,509

225,360

■

64,512

$1,164,510
1,662

Cuban

miscellaneous

special deposits, $346; deferred charges, $282,359; cash in banks ,and
on
hand, $1,651,751; U. S. Treasury certificates of indebtedness,, due
1944, $3,000,000; accounts receivable (less reserve of $8,324), $262,364; materials and supplies, $367,975; total, $36,690,698.
in

Liabilities—Common

stock

$13,782,000; 6% cumulative
long-term debt, $3,640,606;
$724,640; accounts payable,
$104,377; accrued taxes, $591,886; reserve for depreciation, $9,564,790;
reserve
for deferred receivables, $460,000; earned surplus, $1,751,299;
total, $36,690,698.—V. 158, p. 189.

preferred

(par

$100),

stock
(par $100), $6,071,100;
liabilities and deferred income,

Cumberland Gas Corp.

(& Subs.)—Earnings-

Years Ended Dec. 31—

$366,714

12,394

15,723

drilling expense

Provision

for

Provision

for

depletion

for amortization of

Amortization
berland

of

_7___—

9,946

12.354

68,228

intangible capital

79,266
27,577

organization expense

Gas .'Corp.

taxes

54,433

14,838

:

depreciation

-General

171,023

.

———-

-Non-productive

1942

1943

-----$392,704
'
188,440

revenues

27,555

of Cum-

——■'

7——,

Net operating income.;
Non-operating income

700

■

23.072

23,481

———7"

t $6,374

$36,756

;

235

306
'

Net

S-'-i'

earnings;'.

Interest

and

other

deductions—

:

.

♦Including
•tLoss.

-27,991

,

.'income

Net

'f£6,-139

$37,061
27,138

1 $34,129

$9,924.,$17,917

in

and $17,695

1943

/,"■:■■■/;.

•

in

1942

delayed rents.

for

;'•=

r

Consolidated Balance Sheet, Dec,

7,
81, 19-13

:

;'
'

•

:•

:

Assets—Property, plant, equipment, leaseholds, etc.; $1,524,262; mis¬
cellaneous investments, at cost, $2,511; cash, $58,056; U. S. Treasury
certificates. $5,000; customers' accounts receiyable, ;-$40;738;: miscel¬
laneous receivables,
$2,141; materials and supplies (less reserve for
inventory adjustment' of1 $3,159), $45,587; prepaid a'cpounts 'ghd de¬
ferred charges. $50,430; total, $1,728,725.
;;
;.
Liabilities—Common

stock

(par

:$!),.

$119,017;, genera! lien 6%

-

in¬

due Nov, 1, 1948, $551,100: accounts payable, $15,777;
general taxes, $12,029; accrue^ Federal income taxes, j. $2,328;,
miscellaneous
current
liabilities,
$1,'58$; reserve' for depreciation,
$141,614; reserve for depletion, $677,560;" other reserves, $807; earned
come

bonds

Curtiss-Wright Corp.—To Pay 50-Cent Dividend—
The
on

directors

the

Inc.—Output—

for the week ended June

$2
of

on June 8 declared a dividend of 50 cents per share
non-cumulative class A stock, par $1, payable June 30 to

record

June

159,

p.

A,

19.

May 5, last, and on March
V.

similar

distribution

was

made

on

3i, June 30, Aug, 31 and Oct. 30, 1943.—

1655.

Deep Rock Oil Corp.—To Pay 25-Cent Dividend—
The

„

June 14 announced that system output of e'eotrinHy

and

240,420

7-——.

income

Preferred

share has been declared on the
payable July 1 to

preferred stock, no per value,
15.—V. 159, p. 2413.

generated

V.

.

34,806

income

Interest charges

holders

of record June

(electricity

from operations-

surplus, $206,906; total, $1,728,725.—V, 159, p. i860.'

$

348.

Consolidated Edison Co. of New York,

/
4,000,000 shares
on June 10 by

on

cumulative

of

Calendar Years-

on

f

erection

April 1, last, while in 1943 the following dividends were paid: April 1
and July 1, 10 cents each; Oct. 1, 15 cents; and Dec. 30, 20 cents.
Arrearages as
at April
1,
1944, amounted to $4.25 per share.—
V. 158, p. 2578; V. 159, p. 1145.

18,000

surplus

Initial dividend of $1.05 7/10 per

$5.75

holders

;

subsidiary, has acquired

a

for

$303,616

■

Consolidated Cigar Corp.—Initial Preferred

Of these bonds $45,186,000 are pledged as
Reconstruction
Finance
Corporation,, and
the company's treasury,—V, 159, pp. .2412,

"

.

Balance
—V.

before

and

•

Preferred

guarantees, the

first mortgage 5%
the

RR.

;

Balance

Contingent
C. & N. W. Ry, Co.; guarantees, jointly
.and Severally with two other carriers, the payment, principal and
interest, of $5,000,000 general mortgage: 50-year 4%% bonds "of the

;

distribution

accrued

'

'

Corp.,

Calif.,

Francisco,

Provision

•

Connecticut River Power Co.—Earnings—'
3 Months Ended

Gross

Seal

Maintenance

Despite a reduction in floor-covering shipments-compared with the
19*3 levels, he said, volume in the first five months of 1044 was 15%
higher than in the like 1943 months, with the loss in civilian produc¬
tion more than offset by the output of war goods.
Current production, he said, is approximately 50% war goods, with
the volume of war production likely to increase further at the expense
of civilian goods unless substantial cutbacks are received.
Gross profits before: taxes,
Mr. Steinetz said, are ahead of last
year and the indications are that net, profit for the first six months
will be somewhat higher,
v 7: .
»
'
:
T.
L.
Shaffer; Vice-President irt charge of sales,, said .that- the
company can reconvert immediately to full civilian production when
the emergency is over.
He pointed out that machinery used in the
manufacture of the company's civilian lines cannot be used in war
production.—V. 158, p. 573.
1

San

&

'♦Operation'—

has plans ready for added production and is in a
financial condition for extensive post-war expansion," B, G.
Steinetz, President, told stockholders at the annual meeting held on

,3,236,363
110,048,736 102,-610,378

;

$1

deferred

corporation

1,175,287 '

......

"'■/

"good

99,394
4,682,958

in

directors

the

holders

62,056

117,162

surplus ^..1

2413.

weekly kilowatt hour output of electric energy of subsidiaries
corporation adjusted to show general business conditions of

this

.7,207,790

liabilities.—......

Unadjusted credits

62,056

77,445.
17,002,574

Accrued

"Other

:

similar

A

Crown Cork International Corp.—25-Cent Dividend—
The
on

territory served for the week ended June 8, 1944, amounted to 242,203,508 as compared with 231,484,427 for the corresponding week in
1943, an increase of 10,719,081 or 4.63% .—V. 159, p. 2413.

The

5,513,260

-

Other /items-

-

p.

Congoleum-Nairn, Inc.—Post-War Expansion^

2,654,994

payable—
Traffic and car-service balances

20.

»

Cork

Crown

site

Operating

Ry. Co.:

and

;

Commonwealth & Southern Corp.—Weekly Output—
The
of

v

-

M.

60,248

first mortgage bonds—>'•

on

Matured

1.000

7,235,559

10,784,024
247,051

:

Interest and dividends receivable...———j-

—V.

3,109,687

2,968,925
8,019,637

agents and conductors.—

accounts

and

—

June

Arrearages as of the latter date amounted

159, p. 1860.

Balance

comparisons with last year:

percentage
June

Week Ended—
.

Western

33-acre

a

Commonwealth Edison Co.—Weekly Output—

3,910,796

954,031

Miscellaneous

record

plant. —V. 159, p. 1655.

year

lowing are the kilowatt hour output totals of the past four weeks and

1,955,991

cumul.

of

1, last.

dividend of $3 per share on account
prior preferred stock, oar $100,

a

6%

holders

per

and a semi-annual divi¬
the $2 preferred stock, payable July 1; both

stock, payable June 30,

share on
of record June

per

the

last,

12

June

on

class

27.304,539

,—

.

Jan.

on

Net earnings

46,245,249

'

—

—

"

Special deposits

The

.

26,949,229

.1——.ii—

made

declared
the

on

to

Crown Cork & Seal Co., Inc., of Baltimore—Subsidi¬

Electricity output of the Commonwealth Edison group of companies,
excluding sales to other electric utilities, for the week ended June 10
showed an 8%
increase over the corresponding period of 1943.
Fol¬

Other investments:

Stocks

its

46,230,437

u.1

.stocks:

have

1

ary-Plans Expansion—

This

13,954,585

Bonds"

1,

Co.,

550,000

8,361,734

$1

for

became

145,600

167,236

Maintenance funds.

the

stockholders

share,

Miscellaneous

physical property.-———_—
Investments in affiliated companies:

July

to $6 per share.—V.

Profit

331.531
343.292
Cr5,287,888 Cr4,987:411
5,144,648
5,197,954

Special reserve funds.....
————
Deposits in lieu of mortgaged property sold—

;

the

speaking, the only substantial
allegations and the company's

directors
on

of

Jan.

i...-i.——:

leased property
grants.—

Improvements on

1771.

On Glass A Shares—Also Semi-Annual Of $1 On

The

share

:-'v"

■

directors

accumulations

June

to

Preferred Stock—

Investment in road and equipment property.—: 528,029,416 532,055,384
and

Corp.- -Files Reply To SEC

Commercial Controls Corp.—Declares Initial Dividend

$7,224,642

1943
Assets—

The
of

payable

on

;

Donations

Sept. 21, 1942.—V. 159, p. 1349.

on

filed

answer

constitutes

dend

■'

18

1942,

.

roadway property included as an operating expense
charge in 1942 and 1943 in arriving at "Income available for fixed
chargesMs substituted for A. & B. fund contribution from income.

♦Depreciation

18,

differences between the
Commision's
answer had to do with
certain financial data and the significance applied to them by the
SEC.
Hearings on the questions involved in the Commision's order
of May 2 which began June 15.—V. 159, p. 2413.
'
;

on

first

its

Generally

■■

•

$3,616,855

secur.

int.

and

notes

bonds

Int.

of..'.

securities:

new

Fixed int.

June

on

desired.

so

•

on

stock

cents on Dec.

Co.* of New York, have filed requests to intervene in the pro¬
ceedings.
•:
The answer filed by Columbia on behalf of itself and its subsidiaries,
did not take advantage of the opportunity
presented in the Com¬
mission's order to the holding company to express its views as to

$2,935

$7,628,679

$23,826,310 $25,125,065
525,295

earned

the

on

25

Trust

on

Balance

made

were

compared with

as

sion's order of May 2 instituting proceedings
the geographical integration
and corporate

income

on

each

cents

9 with the Securities and Exchange
allegations contained in the Commis¬
against the system under
simplification provisions
of section 11 of the Holding Company Act.
At the same
time it became known that the City, of Cincinnati,
United Corp., the Public Utilities Commission of Ohio and Guaranty
corporation

Commission

pro¬

bonds

,

4,727,651

4,727,651

director.—V. 156, p.

a

Order—

$2,892,055
(2%%)

$29,852,716 $12,356,330
(41/2%)
(4 Vz'/o)

4,727,651

bonds

fund

Continental Casualty Co. of Chicago—New Director—
Boyd N. Everett has been elected

.

bonds,

payable..

$1.61

;

duced by net expnses, principally taxes, which in the opinion of the
management would have been incurred had the company and sub¬
sidiaries operated independently in 1943.—V. 159, p. 1350.

was

The

(AVz'v)

20

year,

initial of 10 cents

an

$4,480,294
2,728,359
$1.64

2,728.359

Crowley, Milner & Co.—Accumulated Dividend—

of

last

Columbia Gas & Electric
1,930,510

for

bonds. $28,553,961

inc.

on

24,

t!943

<

$4,389,629

♦After changes and Federal income and excess profits taxas.
tSince
be the first full
year thai the company and subsidiaries wlil
operate as an independent system, the 1943 earnings have been re¬

1944.

22,

Dec.

1944

income

1944 will

bonds, due June I, 1958-; of Colonial Utilities Corp. and
bonds, due Feb. 1, 1942, of Colonial Utilities, Inc.,
bonds
are
surrendered
in exchange for capital
corporation pursuant to said plan, but in no event prior

Distributions

;

.

7

such

$4,822,565

1,286,572

1,280,203

of said

June

and

__

when

•,

/

,

Quarter Ended March 31—

Capital, shares outstanding^.—^
Earnings per common share

collate'ral trust 6%

ks

-j-

-

.■

Consolidated Natural Gas Co. (& Subs,)—Earnings—

first lien 5!/2 %

3,000,000

con¬

_

Income

stock

3,000,000

'

150,000

payable

capital

50,000

tingent interest
$28,553,961 $31,132,919 $13,642,902
Commutable int. earned
'
and

to

32,500

*

___

for

respect

50,000

assign¬

avail,

with

32,500

and

Inc.

16,

,

dividend

50,000

;

interest

.,

June 22 to holders of record June

plan or reorganization

32,500

;

commutable

to

issued under the

dividend of 20 cents per share

a

25,000

-

&

additions

betterments

declared

13

June

on

on
the capital stock, payable
-provided, however, that such

66,300

divisional

on

directors

1654.

p.

♦Net

all bids received.-r-V. 154, p. 1491.

of Colonial Utilities, Inc.,
and Colonial Utilities Corp. dated as of July 1, 1941 before the close
of business June 16,
1944 shall be withheld for the account of and
paid to persons to whom such stock shall be issued upon surrender of

;

—

Accrual

vN

not

principal-—

bonds.

and

is

any or

Securities and Exchange Commission has postponed froni June
to Aug. 22 proceedings on company's plan for compliance with the
Holding Company Act.
Consolidated
asked
postponement to complete additional divest¬
ments, of public utility subsidiaries and further reduce, its outstanding
debt securities.
Within the last year Consolidated has disposed of
17 subsidiaries and within 'a five-month period has reduced its in¬
debtedness by $8,273,500, the company reported.
As a result of these and other
pending transactions, Consolidated
Bays it will be able to submit a simplified plan for compliance,—-V. 159,
20

and Assistant to. the

Colonial Utilities Corp.—To Pay 20-Cent Dividend—
The

Co.

applied in reduc.

Sink, fund

170,000

170,000

'

•

City

div.

170,000

RCC

of

matur.

'

loan

Sioux

216,003

PWA

of

matur,

loan

Vice-President

216,003

216,003

170,000

loan

a

Division

right is reserved to reject

bank

of

matur.

elected

30,

the

of

2,393,674

Consolidated Electric & Gas Co.- -Hearing Put Off by
SEC—

hereby given that the Federal Deposit Insurance Corp. on
1944, at 2 p.m., in the office of Wheeler McDougal, Chief
of Liquidation,
135 So. La Salle St., Chicago, will
accept sealed bids on 1,310 shares Colonial Life Insurance Co. of
America, a stock company incorporated under the laws of the State
of New Jersey.
• /
y\''
Terms' -will- be cash upon delivery to specified bank or broker.
The

164,658

95,785

73,447

June

new

on

to

Colonial Life Insurance Co, of America—Bids—
Notice

debt,

.etc.'
Fixed

intended

are

will work with the soap, toilet article
advertising departments.—V. 159, p. 1247.

5,427

432,729

unfunded

on

5,576

equip, trust

on

certificates
Int.

663

shares

Straka

Mr.

industrial sales and
663

■

remaining

1944, amounting to 161,700,000 kwh,, compared with 186,100,000 kwh.
for the
corresponding week of 1943, a decrease of 13.1%.
Local
distribution of electricity amounted to' 155,200,000 kwh., compared
with 182,700,000 kwh., for the corresponding week of last year, a
decrease of 15.1%.—V. 159, p. 2413.
'

to meet needs that may arise from future, expan¬

Straka has been

A.

President.

leased

equipment

The

Coco-Cola.

159, p. 1969,

Colgate-Palmolive-Peet Co.—New Vice-President—
J.

charges:

for

and

acquire the entire capital
Inc., a Delaware corporation owning
Middle Western corporations which bottle

24

2517

The

$33,093,472 $34,601,341 $19,994,540 $11,134,205
;

,

approved, about

Securities,

in

enable the company
sion.—V.

,

92,652

90,460

Salle

interests

distribute

and

;
•

bonds

Cent,

;

was

shares Would be usedto

new

La

of

majority

$33,183,932 $34,693,993 $20,085,000 $11,224,665

Union

on

Y.

N.

1940

meeting cn Aug. 5.
announced that if the increase

company

Stock

Pacific stock and int.
on

The

'

.

the proposal at a special

on

»

'

ICC

to

>

Less

1941

1942

1943

Inc.
avail,
for
fixed
1 charges, as
reported

CHRONICLE

11,

directors on June 9 declared a dividend of 25 cents per share
the .400,000 shares of capital stock,
par $1, payable June 30 to
of record
June
15.
A
similar distribution was made
oh.

holders

March 31, last, and

on

Feb.

payments have been made

15,

on

Aug. 16 and Dec. 20,

this issue.—V.

1943.

159, p. 2193.

No other

Monday, June 19, 1944

FINANCIAL CHRONICLE

THE COMMERCIAL &

2518

revenues

taxes

Other

Gross

charges'

——

from

—V.

to

carr'd

$129,586

240,020

345,814

$6,242,947
3,947,507

66,211

68,758

472,510

3,164,546
548,531

17,859

209,614

75,033

813,328

Operating income

772,248

Loss

$52,401

$39,436

$799,988

238,883
$561,105

Balance

of Dallas and in the

depreciation reserve."

redeem and pay on

6% gold bonds,,
made at the
at the

earnings

Gross

1943

40,000

———

58,000

Canadian taxes

—_i.__—_—_

—____

157,500

10,291

profits taxes~__——

excess

75,000

78,500

(estimated)——

Normal taxes

S.

U.

22,387

To

$95,466
$88,404
in dividends was paid to stock¬

$55,513

Note—During the fiscal year

1944

of March 31
1943
$896,772
177,261

12 to 1

__

—______

5 to 1

_____

Ratio

■

________

Current assets include;

Cash

,

*

Investments

United States and Canadian

obligations of the
p.

the

4io.

•.

213.722

■

.

Governments.—V. 151,

Delaware, Lackawanna &

■ ■

•

.

•'

have

directors

Retire Preferred Stock—
July 1, 1944, all of the out¬
preferred stock at 105 and divi¬

5%

par

Distillers Corp.-Seagrams
Period End.

all

after

Profit

charges

a

taxes

—V,

per

'

Mallon said.
..
Company is the parent corporation of Dresser
diversified companies with 1943 sales of $62,500,000
of

$1,850,000.
The

..

.

backlog

■;

.

(unfilled orders)

21,831,693

■

$0.17

share.

1,000,000

—_

__

approximately
Jan. 31, 1944, when the first

or slightly larger than on
the fiscal year ended.
....
the first six months of the 1944 fiscal year
than in the corresponding 1943 months, and net

Profit

'

Other

practice,

usual

the

Following

$6,690,652 $10,917,733
$3.49
$5.89

$2,824,371
$1.50

,

in the
Renegotiation dis¬
Board on 1943

allowance has been made

no

Ended April 30 (Incl. Subs.)

Earnings for Six Months

years'

Prior

Interest

sales

Net

.Cost of

$25,310,297 $31,563,580
19,412,564 25,294,876

_

__

goods sold

;

engineering,

__

&

gen.

1

20,000

$9,631,170
7,116,072

1,807,233

1,441,271

,

$567,703
—

$1,400,080

34,375

57,869

19,282

$4,124,875
197,056

$4,885,302
152,267

$1,419,362

178,157
2,983,962

310,951

282,968

3,433,244

560,344

8,740

12,427

9,677

Cr298,396

—

Total

39,391

;

income

__

__

Other deductions

J.'l

__

Adjustments of prior yeam

195,102

excess

Federal

excess

profits

normal,

the

income (est.).

$762,805

taxes

Adjust,

$541,042

—

563,817

__

$2.91

share__!—
depreciation

of property,

pjtant and equipment

amounted to $43,696.
Consolidated Balance

$1,474,159;




refund

of

excess

29,951

290,000
$211,003
187,603

$256,681
62,53(5

$0.41

year

$0.51

share__

*

Dec. 31, 1943

Balance Sheet,

in banks

and on hand, $1,152,543;

of

accounts

ful

(less reserves for depreciation,

$39,698; properties

assets,

,

,

U. S. Government

accounts receivable (less reserve for
$19,936), $1,979,184; inventories,
$3,199,027;

securities, at cost, $18,550;

doubt¬

other
obsolescence

$2,194,181), $2,251,670;
goodwill, patents and
trade-marks, $1; deferred charges, $180,598; total, $8,821,271.
Liabilities—Accounts
payable, $938;323;
accrued wages, $147,001;
of

amortization

and

$193,538;

taxes,

accrued

other

accrued
and

income

Federal

estimated

liabilities,

excess

profits

$90,316; provision
taxes (less U. S,

tax series C, 1946, of $130,418), $1,459,130; note pay-,
$1,750,000; reserve for contingencies, $400,000; common

(estimated)

bank,

to

without

value,
$2,456,808; capital and
earned
stock (18,150 shares of class B common
$8,821,271.—V. 158, p. 2251,

par

treasury

$1,455,509;

Dr$69,154;

total,

surplus,
stock);

Ebasco

_

_

(net)

Services,

Inc.;—Weekly Input—

the week ended June 8.

1944,

the system inputs of client

operat-'

Services, Inc., which are subsidiaries of
Co., Electric Power & Light Corp., and
National Power & Light Co., as compared with the corresponding week
during 1943 were as. follows;
Ebasco

of

companies

ing

American

&

Power

Light

Thousands of Kilowatt-Hours

»

Increase-—

profits

for prior years taxes

*

Operating Subs, of—
American Power & Light Co.
Electric Power & Light Corp.
National Power & .Light Co.
above

The
44

do

figures

not

1944
181,1521
96,035
99,117

the

include

1943
171,321
93,115
93,442

Amount Pet.
9,831
5.7
2,920
3.1
5,675
6.1

.

system inputs
p. 2415.

of any com¬

not appearing in both periods.—V. 159,

panies

$1,280,346
$543,297
$3.82
$1.62
Notes—(1) Provision foi''depreciation and amortization amounted to
$300,314 in 1944, $288,161 in 1943. and $403,213 in 1942.
(2) Taxes on income were computed under rates existing at the
of

(3)
Horst

per

share—

respective
Above

periods.
do not

figures

include

Co.).—V.

159, p.

Van den
(50% owned by Dresser Manu¬

The
the

2195.

-

•••

-

East Kootenay Power

Gross

April—

earnings

Operating"" expenses

1

"

__

,

1944
$70,337
32,443

The

Net. earnings
—V.

159,

p.

1553.

$37,894

directors

company

Traction

$37,930

a

Co.

on

June

13

called

for

The

Electric

March

on

the

last

July 6,

total

A
1,

159, p. 1249.

(Del.)-^-To Be Liquidated—
voted

to

to stockholders that
of El Paso & Juarez
useful purpose in the
A stockholders' meeting has been
recommend

be liquidated because, since the sale

Engineers
Co.

dividend of $1.50 per share on

to holders of record June 23.
31, last, and on April

June 30

made

December, it no longer has a

'Engineers Public Service Co. system.

1943$59,992
22,062

•of
•

was

declared

9

payable

distribution

El Paso Electric Co.

.

-•

Co., Ltd.—Earnings—

,

stock,

capital

Co.—To Pay $1.50 Dividend—

June

on

July 1, Oct. 1 and Dec. 15, 1943.—V.

the

Month of

directors

similar

results of operations of

qorp. of America, an affiliate

facturing

Edwards Mfg.

$1,066,017
$3.18

profit

Earnings

end

Sheet, March 31, 1944

marketable
securities, $308,817;
small
loans receivable (less reserve for doubtful loans of $164,536), $4,955,695; trade accounts receivable (less reserve for doubtful accounts of
$11,500), $891,866; inventories, $687,717; investment and other assets,
$347,286; property, plant and equipment, $429,044; patents, $4,310;
,deferred charges, $102,543; total, $9,201,435.
Liabilities—Notes payable to banks,
$1,625,000; accounts payable
and accrued expenses, $496,443; Federal taxes on income (est.), $264,•350;
provision for additional pavment on purchase price of capital
stock of acquired company, $75,000; estimated cost of capital stock to
Assets—Cash,

$1,152,011
140,000
695.000
30,379

7,237

(Cr)___

net profit

paid

year

taxes

Canadian & State income taxes

Net

for

the

for

dividends

23,032

decl.

surtax and
profits taxes

Federal

229,000

—

. —

Provision for Federal taxes on

for

$1,135,960,
16,051

♦Including $367,820 in 1943 and $365,258 in 1942 for depreciation,,
and amortization of plant and equipment,
tlnciuding
depreciation of $12,781 in 1943 and $5,380 in 1942.
fAfter deducting
debt retirement credit of $148,000 in 1943 and $75,000 in 1942.

Cr343,324

Crl0,661

Other- income

Post-war

Note—Provision

$2,226,478
1,090,518

91,012

contingencies—"

-

Not Stated
Not Stated

obsolescence

1,115,018

$4,827,433

.

Earnings per common

1,338,000

taxes__

for

Earnings per common

stock

$4,090,500

____

value

___

profit

Dividends

$2,175,014
245,000

—

tax

r

admin.

Operating income

Income

Consolidated

32,960

paid

Profit

*

able

1942

1943

1944

Subs.)—Earnings-

Provision for doubtful loans

Total income

$2,142,054

tax

income

tFederal excess profits

for

•

,

1,119,880

general expenses.

——:

Assetss—Cash

figures for possible renegotiation refunds.
with a Government District Price Adjustment

expenses

Statement for Year Ended March 31, 1944 ,
Gross earnings from interest, sales, etc.
—
$6,119,781
Cost of products sold and expenses of small loan offices
4,309,656
Belling and admin, exps., incl. home office expenses
—
1,222,421

income

$3,261,935

■;

Total, income

Federal

For

Gross

14,297,974

—_

operations.

from

income

Cash

concluded. However, a provision of $700,000 has
been set up out of earnings against possible adjustments," as previously
reported to shareholders.
When final agreement with the Government
•has been
reached revised
1943 earnings results will be announced

Sell.,

Domestic Industries, Inc. (&

Other

x

—

profit

administrative, and

tSelling,

Renegotiation

interim

sales

Manufacturing

.

t

'
1942

$17,559,908

;

—

♦Cost- of

19.8%
income after

Consolidated net earnings before taxes were
equal to 15.5% of net sales in the 1944 period against 15.0% in the
six months ended April. 30,
1943.
After taxes, 4.2% was earned on
sales for hte 1944 period,
compared with 4.0% for the first-half
of 1943.
\
\
% '• '
'.

cussions

sales

Net

were

16.17*.

declined

-

April 30, 1944,-was.

on

in

lower

,

Ending Dec. 31

'

•-'' '•*,
Industries, sevep
and net earnings

of

Sales

1,000,000

1038.

Consolidated

Corp.—Earnings—

Income Statement, Years

-

,

Provision

$40,000,000,

quarter

;'

1943

;

.

,

'

all expenses will provide comito help expand the company's

proceeds of $474,950 after
additional working capital

net

'

;

post-war lines, Mr.

price

$479,757

com.

P.

brings total' outstanding shares to
not represent an increase in capi¬

sale
does

i'

-

unissued shares in the com¬

represents all the

of Richmond, Va.^

"flights originating or terminating at points south
or west of Charleston, W. Va.—V, 153, p. 2195.

Treasury notes,
;

159,

routes numbers 5

its

terminal point, with the

promptly.

profit

Earns,

12,883,370

5,847,588

2,534,270

fu-

possible

decline
Net

,671,959 $20,574,022 $33,749,426

$3,014,027

13 authorized the corporation
and 6 from New York to Boston as a
condition that Boston shall be served only ou

Board on June

Aeronautics

Civil

extend

the
its

p. 2195.

Inc.—To Extend Routes—

Eastern Air Lines,
The

to

business have not been

_

inventory

ture

1944—9 Mos.—1943

profits

—

for

Prov.

Ltd. (& Subs.)—Earnings—

oper.

_

Income & excess
■

:

1944—3 Most—1943

April 30—■

been increased by $1,420,000, which will facilitate
contemplated for the improvement and expansion of

after the war.—V. 159.

plants

Co.—Stock Placed

.

with

.pany

retire on

to

voted

$5,000,000

has

company

.»

treasury,
and its
The transaction

pany's

The

Western RR.—Merger—

Diamond Shoe Corp.—To
The

than

expenditures

special meeting on June 9, approved a plan
the present preferred stock, which will be rer

stock

block of

This

taxes

standing $1,000,000 of $100
dends.—V. 159, p. 2414.-

preferred

more

Privately—
Company has since June 9 sold in a private offering to a
limited number of investment purchasers 15,000 shares
(no par) capital stock, H. N. Mallon, Dresser President,

talization.

on

company

proceds will be used for the redemption of $1,000,009
stock, and represents the retirement of the balarfce of
of such preferrd stock outstanding in 1928.
The only stock now outstanding consists of 270,000 shares of com¬
mon stock upon which dividends have been paid by the company and
its predecessor in each year since 1905.
Current bank loans were paid off out of the proceeds of the loan
As the Yesult of this financing the current working capital of the
the

of

Part

of

a

Dresser Manufacturing

!■

350,000.

■

June 9 asked the Interstate Commerce Commission
.to approve a merger of the Lackawanna RR. Co. of New Jersey into
it and described the proposed, interchange of securities.
;
The application states that there will be no change in the operation
•'of the New Jersey company, and that annual fixed charges of the
Lackawanna will be reduced about $110,000.
The proposed transaction
also will eliminate the obligation
of the Lackawanna to pay rental
on
the shares of stock of the New Jersey company and also to pay
Federal-taxes on certain income.—V. 159, p. 2301.
The

elimination

the

average

an

last two years.

;

•

at

maturing in from one to seven years, $400,000 maturing
in each of the first five years, $500,000 in each of the

and bills payable,

at
of

Notes—To Retire Balance

$3,000,000 from a group of New York
annual interest rate of 2%% for
which it has issued serial notes, all dated May 31, 1944',

banks

has announced.

direct and indirect

The balance of the investments are in

is $84,950.

380,977

_

market value of

The

218,217

.

327,683
industrial investments which cost $1Q2,933

cost

at

1942 subject to

in

Outstanding—The corporation announces, it

Easy Washing Machine

$863,113
71,977

liabilities

Current

Current Assets and Liabilities as

;

Current assets

and $679,523
157, p. 2347.

borrowed

has

of
with

holders.

Comparative Statement of

4,767,233

$19,514,259 $19,033,417

1943

Duplan Corp.—Issues Serial

.placed by debentures,
The plan is to exchange each five shares.
$20 preferred stock for one $100 debenture carrying 5% interest,
the right to preferred stockholders to subscribe for one common share
at $1 for each preferred share now held.—V. 154, p. 1301.

——

_

in

$708,217

exchange restrictions.—V.

of Preferred

banks, $58,173;

in

Recapitalize—

The .stockholders,

•-

for

profit

Net

includes

♦Cash

$276,475; accrued wages and
.other accrued liabilities, $30,901; sales tax payable, $2,441; dividend
payable on preferred stock, Jan. 3, 1944, $38,106; bond interest pay¬
able, Jan. 3, 1944, $27,159; Dominion Government—amount refundable
pursuant to terms of ceiling price contracts, $445,371; Dominion income
and excess profits taxes, estimated, less instalments paid on account,
$5,725; first mortgage sinking fund 6% bonds, due 1953 less redeemed
under terms of trust
deed of $153,200), $905,300; reserve for bad
debts, $51,351; reserve for contingencies, $200,000; 6% non-cumulative
participating (par $20) preferred stock, $1,270,200; common stock
(85,585 no
par
shares), $855,850; capital surplus, $51,112; - earned
surplus, $320,507; total, $4,480,499.,
,

$383,291

25,000

—

.—_

—

contingencies

for

Reserve

TJ. S.

1944

$267,256

March 31—

z—J "
i

foreign

S^heet, Dec. 31, 1943

and

hand

on

Liabilities—Accounts

-Earnings-

Subs.)-

Hook & Eye Co. (&

De Long
Years Ended

par)——'

surplus

4,245,400
600,000
2,058,866

4,245,400
600,000
2,058,866
5,190,278

_____——

no

4,872,181
368,12&

shares,

(42,454

stock
shares,

(480,000

Total

.$4,480,499.

2414.

See also V. 159, p.

stock

Earned

accounts,receivable,
$469,600; inventories, $1,437,691; Dominion of Canada bonds, $350,000;
investment in company's own bonds (par $135,200), $117,866; fixed at
depreciated replacement values in 1928, as certified by the Canadian
.Appraisal Co.* Ltd., comprising land, buildings,1 houses, plant and
equipment, less amounts written off plus subsequent additions at cost
(less
reserve
for depreciation of $1,784,082),- $2,033,321;-. unexpired
insurance and other deferred charges to, operations, $13,848; total-,
Assets—Cash

full
redemption price, plus accrued interest to July 10, 1944, upon presenta*
tion and surrender of said bonds at any time at either of the above
companies.

contingencies—..

for

cumulative preferred
par) ———

63,681
1,730,453

1,504,091
5,223,963
369,042

—

.

1944, all of its outstanding first mortgage
due July 1
1951, at 102 and interest.
Payment will be
Old Colony Trust Co., trustee, 45 Milk St., Boston, Mass., or
Bankers Trust Co.. 16 Wall St., New York, N. Y.
Holders of these bonds may obtain immediate payment at the

trust

taxes

surplus

$54,768 in 1942 for remunera¬
tion of
directors and solicitors' fees,
and $11,500 in 1943 and $il,838 in 1942 for directors'' fees.
tWithout
deduction for refundable portion of excess profits tax.
,
'

26,901

that it l;as elected to

38,106

——

other

" $327,476

$258,938
63,681

—

income

"Capital

$163,110
38,106

$147,387

—

__
—

$206,803

26,901

profit
paid

payable.::

no

..

__

•• * .•

}'■
——„

dividends

and

Reserve

$6

cf $61,518 in 1943 and
executive officers and salaried

284,435

10,

*

952,000

♦After charges

$491,238

22,652

"repair^ maintenance and

announces

taxes

$1,115,110

236,000

excess

and

'''•

payable

Preferred
Federal

$383,387

profit from operations
for Dominion income

Net

———

company

_____

Dividends

25,667

Bonds Called—
July

Accounts

Common

$465,571

$799,988

$39,436

$52,401

$34,559
.
$16,784
Divs. applicable to pfd. stock for period
__
''Designated in the franchise from the City

The

of securities

7,871,595:,

$19,514,259 $19,033,417

Liabilities—

\

1,747*

84,028

17,842

as

57,999

1,975

$549,599

$799,988

$39,436

$52,401

charges

as

55,566

164,560
7,871,557

—

Total

$1,424,856
250,000

,

■(•Provision

profits

—-

———-

—_i

.

1,429,540
603,758

and

Deferred

Other income

company's books

sale

on

Net

—

income

for

interest

Bond

subsids.

foreign
—_

—

deferred items
Files and goodwill
———

$590,928
150,000

11,075
1

Inventories

192,290

60,563

revenuesRent fqr lease of plant

31—

partly-owned

in

assets

74,077
73,352
7,824
1
1,543,292'
599.352
177,847

129,789
61,639

__

-

partly-owned foreign affiliates..—

to

Investments

1942

1943

!

.

$5,225,792
1,171,762
2,248,626
39,896

1,511,834
2,122,084
47,442

securities

credits__

refund

Advances

Fixed

1942

1943

' $5,560,979

receivable

Notes

Ltd.—Earnings—

Worsteds,

operations..—.—
depreciation.—
—

from

♦Profit

Provision

$5,227,214

$492,480
291,394

17,855

income

left

nothing

Years Ended Dec.

1944—12 Mos.—1943

1944—Month—1943

—

oper.

Net

wounld be applicable
indebtedness on the
require that the sale be completed.
■
to distribute among the stockholders of
Journal.")—V. 139, p. 1866.
, j,

company;—("Wall Street

the

$382,659

Balance Sheet, Dec. 31

___

Post-war

Bondholders

be

will

There

507,386

$423,044

__

—

government
Subscriptions receivable _____
Sundry
accounts receivable

proposed sale approximately $360,000
repayment on account of the company's

the

$1,491,803

$1,563,642
507,386

$122,801
period—.—

$542,844

revenues
expenses

taxes

Gross

was

$1,417,383

254,724
780,000

—

_

and foreign

S.

'

»

254,724
720,000

_

Assets—

U.

1,537,596,

$1,397,768

surplus

.♦Cash

$535 094.

Under the

Terminal Co.—Earnings

&

taxes

Interest

31,

May
of

$2,954,979-

1,346,809

-

—

__

Comparative Consolidated

-

Dominion Woollens &

retirem't reserve
appropriation

Net

At

total

dividends

Balance,

special meeting to be

-•

profits taxes

'

for year
dividends

Prepaid

♦Prop,

*

for

stocks

April 30—

Period End.

Other

$1,491,803

a

1942

$2,744,578

& excess prof, taxes

excess

profit

Common

*
1944, the amount outstanding on the company's bond
$344,748 plus accrued interest of $190,346, making a

charter, ■

company's

bond mortgage.

corpo¬

Dallas Railway

Federal

$122,801

$1,323,622

to

asked

1971.

p.

Operating
Operating

$2,401,906
910,103

to

earned surp.—

159,

8,291
$1,884,928
561,306

Net

Preferred

Ltd.—To Vote on Sale—
held on June 22 will be
approve the sale of the remaining land and buildings of the
to Frigidaire Products of Canada, Ltd., and surrender the

stockholders at

The

1943

and

Income
0

'

Dominion Motors,

$2,399,936
1,970

74,953

$100,199
29,387

res.

surp.

applicable to pfd.

Divs.

254

total,

agreement, Dr$238,264;

under merger

mortgage

income

rate

cost

(<fc Subs.)—Earnings—

1

profit before Fed. inc.

Federal

$943,732;
stock and
purchased
$9,201,435.—V. 159, p. 2414.

$1),

(par
less

726,532

$197,754

$148,608
48,409

income :

Bal.

$1,876,637

CftlGndBr Ycttrs
Net

$3,200; capital surplus, $601,207; earned surplus,
($183,831) of 6,339 shares of reacquired preferred
estimated cost of 1,877 shares of preferred stock to be

3,049,34^
1,228,884

company

Interest

Net

$197,500

865

income

Transf.

803,689

62,016

$147,743

revenues—.

oper.

Other

682,521

121,138

75,561

Depreciation
Property retirement res.
appropriation
:
Net

$8,208,386

57,731

292,989
125,298
80,391

J.—._

$8,668,136
3,580,545
1,317,262
908,926
302,245

$695,036
256,651

$721,982

___

expenses

taxes

Federal

1944—12 Mos.—1943,

1944—Month—1943

Period End. April 30—

Operating
Operating

for
$4,853,975;

Bradstreet, Inc.

&

Dun

purchased from stockholders electing to receive cash under merger
agreement, $54,433; reserves for contingencies, $100,000; reserves
compensation insurance, $6,500; preferred stock (par $25),
common
stock, class A (par $1), $415,859; .common stock, class B

be

Light Co.—Earnings—

Dallas Power &

1944.
owns all the common stock of El Paso
and has more than (he required two-thirds

company

(Delaware)

necessary to
Engineers will contribute to the capital of
voting

power

accomplish

the liquidation.

the El Paso company a suf-

Volume
ficient

amount

15,086

shares

the

THE COMMERCIAL & FINANCIAL CHRONICLE

Number 4291

159

to
of

put-that company in funds'to pay off at '100 the
stock held by the public, 'and thereupon

$1,483,137;

El

of Texas,

which is the sole
remaining asset of the Deleware company, except current assets, will
be distributed to Enginers Public Service Co. and- the Delaware com- '
Paso

Co.

Electric

will

The

•

El Paso

the SEC,—V,

159,

1972.

p.

'

,

•

•

Natural Gas Co.—New Bond Issue—

stock

>'

The-issuance

work

;

in

of

$1,500,000
with

connection

to finance construction

bonds

additional

operation has been authorized.—V.

war

2415.

P-

Frank J. Kennedy has been appointed

4

Electric Boat Co.
Comparative

for

Profits

Cost

par),

of

refund

operations.

///

31

*1942

V-'v.

„A

9,750,000

—

stock,

66,863,690

745,650

j

..-1,400,000
84,155,213

400.299

expenses

dividend

from operations—.

$9,600,830

$5,
compares with

.-,244.441

income

i-Total

income

,

——

discount—. V

and

Miscellaneous

income

Federal

excess

Post-war

credit

Reserved
Balance

to

Dividends
Earnings

">1.—

.

contingencies.—

4,186,000
418,600

"The

at

cost,

for

$5,389; .U. S.

advances

receivable

charges,

(U.

$1,404,342 >

reserve

post-war

in

income

Earnings

/'■.>. ii;;'

—V.

$2,234,655;

The

-The

total,

$16,139

$32,209

$2,853,853;

accrued

Act,

$1,400,000;
for

reserve

contingencies,

against

advances

has

company
22 to vote

mission

provision

''

the Northern

for

York

progress,
reserve
for

$0.66

special

a

of

corporate

equipment,

its

powers

■

confirmed

and

15,

Court.

the

by

/
refunding
-

of

general

N. Y.,

together with
bonds

specified

coupons

for "

will

'

form

1944—Month—1943

securities

new

by

new

$5,026,951

4

revenues

_i

.

now

receive

in

exchange
checks

for

at

the

first

360,376

Taxes—Federal

1944—12 rjos.—1943

Other taxes

Other

401,809

387,514

,4,798,359

4,456,163

$960,586

(net).:—

Dr2,467

1944: and
,/
$410 second mortgage

313,001

dividends

'Balance

'

321,269

$645,118

Balance

$606,272

Balance

$5,825,482

declared—I———:—

sources————.

196,079

70,440

Earnings from other

■

Bal.

Divs.

v"

pfd.

stock of

Engineers

P.

S.

1

Co.—_

■

■

for

be

2,256,083

1, 1944; and

income

is

promptly...

the
.

to

plan

within

common

with

stock—__—

$2,385,192

$3,415,132

six

$1.25

$1.79

stock——-

John C. Knox has authorized the reorganization trus-'v
tees of the corporation to pay to the Equitable Life Assurance Society
of the U. S.. under provisions of the New York State Moratorium Law,
gage

1557,

"/

'

1423.

Excelsior

■

Co.

of

New

York—To

\.=■'

The stockholders have

called

to

the

fact

the court

that

consider
the

increase

1531.

been

notified

of

-

June

1,

shall

1944,

/..

/■

■ \

,

Camera

and

Earnings—

"" " "

to

500

'//a!/v//:

(&

provision
v

for

and

1943

•'

allowances)——

of

renegotiation

Buy Horse Railway—
authorized by the New York

recently

was

goods sold

refund—..——'I.

and other, operating

shares

stock

of

p.

involved

.

,

•

>; 5,925,000

costs..

41,549j316

Income

have

,\

$6,010,581

Other -income

Prov.

2,850,000

/ .Total income

—

Federal

income

♦•Federal

Deduction
*

Net

profits

minority

for

•

-

5,357

$1,449,110

—

$3,714,870;

1,287,000

57,045

■

($455,000
Balance

in

1943

and

$143,000

$407,644*
in

1942).

.income

Sheet,

Dec.

31,

1943

accounts receivable, $4,207,840;




■

/

...

$7,082,245

affiliated

its

$1,700,000

associations

companies

during

and

of

received

1943

through the
sickness, acci¬

group

these benefit '

Changed for Com,

shares

common

"

instead of the original plan calling for
1932, receiving better terms than subsequent

October,

•

reached

was

ef

staff

-

-

■

the

by

6,339,197

the

after

Public

conferences

Utilities

June

Division

in

8

of

Philadel¬

the

Securities

A plan for recapitalization of the company

16,385

ings

each share of

$762,212
21,119
*428,200

282,000

—, -

objections that have delayed its

overcome
.

9,433

which

$1.65

in

Power

Under the

of

a

share

Power. Corp.

of

has

& Electric

not

pending

Electric

the

be

will receive

affected,

plan,

and

proposed
for

class

for

and

identical

agreement

Southern

the

release

a

companies

proceedings' affecting
the

treatment.

in

must

District

the
be

of

revised

of

plan

claims

all

Associated

of

of

The

treat¬

proposed under
will

provide,

between

as.

General

System.

•

-

submitted

to

the

U.

York

in

the

reorganization

New

the

Associated companies,
stockholders of General Gas &

A

stock

shares

common

3,000,000

agreement, all publicly held class A and class B stock

new

will

the

Court

7/10ths

public holdings of preferred stocks heretofore

plan
&

receive, out of the assets of General Gas &

and

Florida

outstanding;

now

of General Gas

Gas

would

cash

Corp.

stock

common

$608,388

T_^r^_r__T

accord will

revision affects only the treatment of the public hold¬
of common stocks, classes A and B, of General Gas & Electric,

Electric,

$592,003

profits taxes-,—

trustees

approval.

The

19,164

-

hoped that this

Florida

$6,164,624
5,572,622"

:

.

—

and excess

patient for 2Ya

a

1972.

agreement
with

does

.

income________^_

been

The proposed

1943

—:

.

from

benefit

Exchange Commission.

final

;
1944

$743,048

for Fed.:, inc.

Net. income -_i'
Preferred -dividends
per

.

$312,893

$316,955

62,133

62,133

$7.55

$7.65

;

share__^__i„

/♦After deducting postwar refund.of $23,400.

them, .a revised plan will be submitted to
change Commission for its approval.

by

and

to

the

Electric.

the

S.

District

i

committee

If

Securities

approved"
and

Ex¬

Dividend Approved—
'

The Securities

and

Exchange Commission has

approved, payment by

this

company
out of capital and unearned surplus the accumulated
unpaid dividends amounting to $5 per share on the $5 prior pre¬
ferred stock for period of March 16, 1943, to March
15, 1945, and also
a
quarterly' dividend oh the same stock for the quarterly period ended

Assets—Cash in

banks'and

on

inventories

$765,474;
work

end

industrial

of

stores"

painting

and

(less reserve of $25,097),

supplies,,

process.

$343,008;

$56,623;

ables,

Government

long-term

receiv¬

$5,796; investments, $163,288; net plant and equipment, $3,272,excess profit's tax, $23,400; deferred—prepaid

post-war refund of

527;

rentals,

insurance,

taxes,

etc.,

$153,603;

leaseholds

and

goodwill,

$1;

total, $5,508,775.
•

6%

payable,

$260,308;

provision

for Federal,

State

local

dividend

taxes, $504,570; sundry accruals and provisions, $53,635;
payable, $15,533; plant and real estate purchase obligations

12 months), $7,101; long-term liabilities,
cumulative class A preferred stock (par $25), $1,035,450;

stock

within

(par $2.50),

*

on

President.

June 14 announced the election

of Howard

Mr. Halligan has been Vice-President

gan

as

ber,

1941, and is Chairman of its executive committee.

K, Halli--

since Septem¬
D.

J.

Driscoll,

of the trustees of the Associated Gas & Electric Corp., the parent
company, who has served as President of General Gas & Electric Corp.,
since 1940, remains as a member of the board of directors and of the
executive committee.—V. 159, p. 2303.
one

General Mills, Inc.—Forms New Division—

Liabilities—Accounts

and

1944.-

The directors

hand, $625,054; U. S. Treasury savings

in

June 15,

! New President Named—

31, 1944

nbtes, $100,000; accounts and notes receivable

(maturing

inventories,
$11,587,342; investments and other assets, $598,011; fixed assets (net), "
.

•

share.

a

Co.—Earnings—

.

206,000

4,095,000

:

interests

Consolidated

Assets—Cash,

355,100

taxJ___:—^

post-war-refund
renegotiation.

$1,942,155/
36,154

■

■

agreement has been reached among various interested
the plan for recapitalization of the corporation will,
to
provide for identical treatment of all publicly held

B

,

.

filed

the

income —i—

Earnings

154,965 *;

289,029

.

•♦Less

fAfter

$6,245,285

taxes.—

excess

income

___

; ■;,

and
■

$1,787,189-

234,704

charges,

value of $100

par

from. operations--...

Deductions

and

-

Balance Sheet, March

—L—

l

a

Gross,, profit

Other

tl942

13,497,198

v

1943, 166,701 employees were enrolled in
p.

prior to

ment of

2416,.

Foster & Kleiser

'

'Gross,profit•_

P. S. ComGloversville &

capital stock of the Johnstown,

Operating i expenses*

$47,559,897 $15,284,387

Income,

phia
and

$53,484,897 $18,134,387v

:'Net !sales

Cost

to

A

The

-

'

,;■/"////.///V"/w i'v;'

reserve

under section 11 of the Public Utility Holding,
Company Act of 1935 is now pending before the Commission and it is

Years Ended March 31—

Subs.)—;

Income Statement for the Years Ended Dec. 31

(less/returns

Sales

the proceeds;
the reorganized

amended

for

Corp.

$0.45

Total

whereby

holders.

-

-

.

acquire , the

solved.—'V.' 159,

Total

I i r\ Consolidated
j': V \V:

paid

company.

and

31.

159,

tentative

class

■

Instrument

'/

•

approximately

mutual

of

of Dec.

owners

property to the Fonda company in 1893 for 999 years.
The
Commission said that. upon acquisition of .the Kingsboro securities by'
Fonda the stock would be canceled and the Kingsboro company dis¬

Increase!
•;

profit before taxes.

31,

General Gas & Electric Co.—Terms

be

the

shall be surrendered

sold

be

As

groups

that

totaling

plans.—V.

A

leased its

an
amendment
to
the
certificate
of
incorporation to
capital stock from $300,000 to $330,000.—V. 158, pp. 2361,

Fairchild

directs

order

of deposit to be surrendered

from

years

company

The

special meeting on June 26 ;

a

Oct.

dent and hospitalization plans, it was announced last week
by Gerard
Swope, President.
At the close of the past year more than 80% of all
eligible employees were participating.

will

the Commission said it did not pass upon the price to be paid
by the Fonda road or upon securities to be issued.
.The Kingsboro company no longer is an operating railroad, having

.

t

it

practicable and that the new securities allocated by
such .bonds and certificates of deposit .not surrendered

.

to

coupons

but

'•"",•■/

:.

'

'

■■

Insurance

Capitalization—;
i

Unpaid

Kingsboro Horse Ry. Co.

-'Federal Judge

this

ended

$396,440

LeFevre, Comptroller of this company since 1935, died June 4

operation

as

Fonda To

mission

1

quarterly Instalments due under the corporation's first mortof $17,300,902.
The payment, to be made on or before July 1 of
year,
will amount to $43,252.—V. • 159, -p. 1351; V.
157, pp.

$0.62

net

$1,700,000 in Benefits to G, E. Employees—

ah

<

four

$620,743

$0.23

with

^Employees of General Electric and

'

Equitable Office Building Corp.—Interest Instalments

the

months

'■

benefits

*

The
'

$200,462

$0.33

accordance

the Clifton Springs Sanitarium where he had
He was in his 61st year.

4

,

..interest-and., dividends,, shall, be

any

railroad

■

share of common

2415.

p.

;

share

com.

12

-Ira D.
at

1,
1932 « n
bonds
(due
(due 1952),

ruling is made,
v'.

a

.';■•••

'.

,

as

\

per

t275,000

2,295,253

Note—No provision for the possible effect of
renegotiation proceed¬
ings has/been made tor the current fiscal year, as the company does
not deem its profits to have been excessive
during this period.
No increase in the existing post-war
contingency reserve has been
made
during the current fiscal year, as the company deems the
$1,100,000 it has set aside for this purpose to be adequate.—V. 159,

shares of common stock.

if and when

and,

purposes,
made, available.

■

BalanceH for

Earnings
—V. 159,

*192,000

1137,500

1,594,000

months.

4

'

*

tax

bonds and-certificates

"

"

"93,200

1943, amounted to $400,000.
(Pro¬
rated equally per quarter.
Total provision made during 12 months
ended Oct. 31, 1943, amounted to
$550,000.

-

of

-Attention

469,997 £■

.2,256,084

*

1,103,380

...

$336,160

per

3,158,699

797,300

profit

the

2,214,743
1

reserve..

♦Prorated in

,

.

.

maturing •Nov.- 1, ,,1931-and May 1, 1932, on unamended bonds only,
should not be detached, but must accompany the bonds to receive the
payment of'$10, for..eaph such coupon as provided in the plan.
,• The 'reorganization,
managers have applied to the Commissioner of,.
Internal Revenue for a ruling as to the treatment of the exchanges

$4,641,276

$5,671,216

applic. to stocks of Engineers P. S. Co..
on

•

certificate's, for payment through the usual channels.

$5,111-274
*

1,534,542

General Electric Co.—Obituary—

should detach and present the same, accompanied by Federal ownership >>

63,650 ^

470,784

v;

———

49,999
195,448

$6,142,001

Expenses, taxes and interest

1,133,460

State

profits

P.;: 1760".

(non-interest bearing

unpaid- coupons
maturing prior to Nov,
amended
first; consplidated general refunding mortgage
1982), and prior to .Nov., 1, 1931 on unamended bonds

$4,802,177

49,999

dividends

_

,

amount first'consolidated general refund¬
certificate of deposit therefor issued under

a

A .voting trust certificate for 8

(c)

•

-

or

;

for

4Vz%' income bonds (non-interest bearing

/(b)' $65 second mortgage 4income bonds

Holders

$4,823,632 >'
21,455

-

bonds

&

excess

—

Earns,

to-*,

;

^

taxes

Fed.

1944—6 Mos.—1943

$11,501,121 $11,591,933 $23,483,369 $22,588,303

...

and

1941,

for

&

Subs.)—Earnings—

oro-

taxes

reor¬

4%

1,

(no

Post-war & contingency
'reserve

$1,000 principal

mortgage

1941, to Jan.

from

Preferred

par

1944—3 MoS.—1943

—

Renegotiation

scrip being issued .for.odd amounts of less than $25 )tf. and interest on
bonds delivered, but not with respect to sciip therefor, from July 1,

v

2,144,611

$5,837,257
11,775

applicable to Engineers Pub. S. Co.subs., incl. as deducts, above:

Earnings

no

(no par, 50,000

before

for

Net

series A,

from July

annum

July. 1,a1941, to. Jan. T, ,1944;
r

$6,968,243

2,144,611

—

and

(57,849

stock

vision

inc.

deposit,agreement:.
J
,.(a) $25 first mortgage bonds, series A, 4% and interest thereon fron>

3,803,573 ;

$7,981,868

_:—

applicable to minority interests

serial notes due April 1, 1944, $93,309;
$26,250;
sundry accounts payable,
unexpired circulation subscriptions,
etc.,
other
long-term
debts
of
parent
company,

1944,

said

$10,771,815

3,849,847 ;

requirements——

1

—

ing

-

$927,541 $11,831,715

each

.'For

-

$924,111 $11,699,788 $11,072,495:-Dr30Q,680.
•' 3,430
131,926

•

$958,119

and. amort._____

Amount

■

stock

profit

Prov.

mortgage bond:
per

•

on

2,
income,

...

Net

of transmittal therefor, and
surrender thereof in negotiable

1,

.

5,303,915
10,852,471

revenues-.

income

Preferred

3,480,746,

5,381,360
12,158,264

Balance
Int.

4,017,900

448,314

1,070,184

—

',Net" oper.

.

293,614

444,490
---'973,219

income.;

fund

Jan.

Period End. Apr. 30—
sales

negotiable form with

mortgage, bonds,

4%

of

rate

in

therefor new securities of the
interest at the following rates:

principal-amount

thereon

thereof

on

$1,000' general refunding

,'i.bi

•

—

sinking

funded

Net

scrip being issued for odd amounts of less than $?5), and interest on
bonds delivered, but not. with respect to scrip therefor, at the rate
41/2<&. per annum, from July 1, 1941, to~Jan. 1, 1944.
'Holders of unpaid coupons maturing prior to Jan. 1, 1938 on general
refunding mortgage... bonds should detach and present the same, ac- "
companied by Federal ownership certificates, for payment through the
usual channels.' /
v
" •

$4,769,753 $60,967,066 $54,126,878
1,646,014
22,911,395
18,961,088 f

'1,886,471

Maintenance

Depreciation

for

Gar Wood Industries, Inc. (&

•

Com¬

are

.

Operating
Operation

of life Insurance policies, $378,387;
$126,207; investments, $2,656,245; prop¬
(less reserve for depreciation of $3,365,570),

Reor¬

letter

of

each

Jan.

/'.

(& Subs.)—Earnings—

York

duly executed letter of transmittal.

a

$7.50

interest

■

^Engineers Public Service Co.

B

common

-

.

(a)

—

to include elec- ;

aeronautical

Such

surrender

on

in. the

ganized company and

*

stockholders

automotive,

New

distribution of the

payments of cash pursuant to the Plan of
heretofore
approved' by the Interstate" Commerce

holders of such certificates of deposit

meeting

of

and

of

inventories,

$640,744;

value

receivable,

shares), $5,734,900; $7 cumulative par¬
par, 15,000 shares), $1,500,000; class A
shares), $458,302; class B common stock.
(299 no par shares), $29,900; consolidated earned
surplus, $5,353,795;
total, $17,049,352—V. 155, p. 1678.

.

the

.'Holders-of such

.

$2,173,575;:

.

District

has directed the

31, 1943

funded debt of subsidiaries, $1,087,933; reserve for contin¬
gencies, $150,000; 5% cumulative preferred stock of subsidiary com¬
pany in hands of public, $270,000; $6 cumulative convertible preferred

,

mortgage bonds, 1st consol. gen. ref.
mtge. bonds and of certificates of deposit should surrender them to
The New York Trust Co. as exchange depositary, 100 Broadway, Ntew

in

'

extension

Period End. April 30—

Court

April 18, .1944,

Sheet, Dec.

deposits and cash on hand, $1,538,033;
$139,407; notes and accounts receivable (trade)

doubtful, accounts of $54,967),

payable

class

•.', '

Balance

time

surrender

deferred

$114,899;
$387,999;

1943

$524,669

$0.63

———

For

called
the

on

District

and

.available.,

payrolls, $978,957; '

work

S.

•Holders

general' contingencies, $620,2261
$3,500,000; capital stock ($3 par),

general machinery

for

cash

accounts

dividend

1944

/>..'•^'!

and

securities,

$93,140;

Co.—Earnings—

share

and
1943

1942.

Liabilities—Accounts payable, $160,634; accrued liabilities, $1,048,822;
funded and
other
long-term debts due within one year, $489,470;

159, p. 2416.

April 30—

439,482

for
depreciation
of
$159,062
in
1943
("Including excess profits tax of $745,000 in

.

memberships, circulation, goodwill, fran¬
chises and
advertising patronage, $8,657,022; deferred charges and
prepaid expenses, $132,056; total, $17,049,352.

Ready—

charges .and taxes—$502,371

$1,011,209

,

erty, plant and equipment
$2,582,705; Associated Press

1

V':,

bonds, 3%% series, due Jan. 1. 1974,
for definitive bonds at the Guaranty Trust Co.

common

entered

ganization

■

'

$33,172,830.

U.

order

synthetic and prefabricated materials in its field.—V. 159, p. 840.

and

after

per

securities

surplus, $11,182,117; total, $33,172,830/

and

$14,028

taxes-

in

reserve

sundry

143,721

529,393

1942.

$314,057

$198,547;

1942

,w

$867,488

144,598

;

Inc., in undistributed
companies

Consolidated

mortgage

158, p. 2580.

form,

trical

1943

13,500

$1,074,020

$1,218,618

Co.,

ticipating preferred stock

of-$15,000),- $750,288; inventories, at cost,
piofits tax credit, $1,000,680;
deferred
investments (at values considered realizable),

Plans to Widen Field—
June

1944

-

subsidiary.,

stock of

controlled

Assets—Demand

Fonda, Johnstown & Gloversville RR.—New Securities

$8,229,447; provision for refund on contracts under War

Control

post-war

Act.

'

York/140 Broadway, New York, N. Y.—V.

,6 Months. Ended
Net

$5,532,327; marketable securi- 1
securities, at cost, $6,413,500;

banks,

Government

Liabilities—Accounts payable,
accrued taxes,

earned

752.725

t$1.93

S.

$852,523;
fixed assets, $2,660,480;

Proiits

and

-

860.425

New

provision

in

marketable

:

v

•

Florsheim Shoe

excess

etc.,

$13,195;

This

■

effect to the results of final

Control

Profits

1131.

Temporary: first
of New

Govt.); $8,482,149; due from U. S. Govt,
for plant expansion, $-10,366; accounts and notes

made

(less

$7,421,933;

and

hand

on

receivable

accounts

War

16.

60,801

1,454,000

and

profits,

taxes

income..

Gannett

♦Including

Consolidated Balance Sheet, Dec. 31,1943

;

Assets—Cash

ties,

under

contracts

June

of

net

profits of

$144,613

common

Dec.^ 24.—V. 159, p. 735.

31—

after .charges and

158, p.

may now be exchanged

1,547,500 \

$2.46

figures are adjusted to give

1942

'

;

record

Florida Power Corp.—Definitive Bonds

$1,780,758
927,031

:

paid
share—..-J..

on

v

iJ.

—V.

1,500,000

•

per

surplus

of

the

on

excess

franchise

Net profit
Dividends paid

cents paid on
last, and in each quarter
addition, the company last year paid an extra divi¬

per share on

Ended March

Net profit

18,065
1,371,000

5,820,800
Cr582,080

_

>

for. post-war

holders
March 25,

to

24

net

(less

436

,

.and surtax (estimated)
profits tax (estimated)-^

June

Equity

Declared—

share has been declared

per

69,233
and

income

Consolidated

Fitchburg & Leominster Street Ry. Co.—Earnings—

54.467

1,368,000

deductions

Federal

610

4,482

;

-.J-

,

15

In

;

cents

Quarter

$8,163,210 '■

$9,892,570

,

accounts

Interest

payable

par

during 1943.

cents

20

$1,788,714

deductions
State

^

284,378

$2,610,753

Minority interest in pfd.

$7,918,769

291,740

of

$1,504,336

329,439

income

tFederal

13 made

^Fidelity Fund, Inc.—Larger Dividend

'

$95,901,694 $84,932,758

—

June

on

6,769,298

expenses

income

Other

Inc.—-Secondary Distri¬
a secondary dis¬
tribution of 41,475 shares of common stock (no par) at a
fixed price of $271/2 per share, less 70 cents concession
to NASD dealers.—V. 159, p. 2196.

?

War

under

contracts

on

Act___

Control

income

refund

operating surplus,
total, $21,847,020.—V. 159,
'
'
'
'

allow.)

1942
$8,273,633

$2,281,315

and

1943
$9,499,219
7,217,904

discounts

profit

operating

Total

Federated Department Stores,

1943

•

Uncollectible

.

Net

Other

Account, Years Ended Dec. 31

'

,

Earnings (less rebates,
♦Operating and other

$110,083;

$3,081,296;

1, 1936,

bution—Allen & Co.

■

dend of 17

Other

since Jan.

surplus,

Consolidated Income

/-

York

Dec.

Accounts,

Income

Consolidated

Selling, general and admin,
Net

capital

$337,032;

1553.

p.

(& Subs.)—Earnings—

Gyoss income frpm operations.......
s

($1

accumulated

159,'

Secretary.—V. 159, p. 1971. '

v...'/;
Prov.

-1

■.•••■

>.

Electric Auto-Lite Co.—New Secretary—

.

'

payable, $2,199,411; accruals (net), $2,470,000;
reserve for renegotiation refund, $5,925,000; advance deposits on conr
tracts, $19,216; notes payable to banks, $6,000,000; amount advanced
by bank against assignment of moneys due and to become due under
the emergency plant facilities contract, $576,438; reserve for trans¬
formation
from
war
production
to normal
production, $1,000,000;
minority' interests (Fairchild Aerial Surveys, Inc.), $128,545; common

liquidation of the Delaware company is subject

to the jurisdiction of

Gannett Co., Inc. (& Subs.)—Earnings—

$86,464;

Liabilities—AcboUfits

dissolved.

be

dissolution, and

tools and patterns (less reserve for
deferred charges, $169,354; good¬

development,

of $733,608),
total, $21,847,020.

will, $1;

,

pany

model

amortization

preferred

stock of

common

2519

$1,521,438;

capital surplus,. $64,991;

$2,026,047; total, $5,508,775.—V. 155, p. 2366.

$19,702;
common,

earned surplus,

This

corporation,

mechanical

division

production of
design,
the

Harry

manufacture

company's

precision

A.

Bullis,

President, says, has formed a
post-war period, will engage in the
industrial customers and will also
distribute other mechanical products under

whieh.

in

the

precision devices
name.

and

This

for

division's

ordnance material.—V.

159,

two
p.

plants

2416.

now

produce

high

Monday, June 19, 1944

FINANCIAL CHRONICLE

THE COMMERCIAL &
2520
sion

Railway—Earnings—

Georgia & Florida

Jan. 1 to May

End. May 31

10 Days

1943

1944

$53,425

Operating revenues
—V. 159, p. 2416.

for

31

1943^

1944

$52,440

$958,310

Period—

to acquire control of the Valley Public Service Co.,
through purchase of that company's capital stock
$413,000.—V. ,159, p. 2416.

$813,245

for

for authority

Ohio,

Columbus,

Governor Clinton Co.,

Co.—To Enlarge

Plant-

company's Louisville (Ky.) chemical plant
possible increased production of its Geon vinylchloride resins

to make
for war-

announced on June 9 by William

cable Insulation was

wire and

needed

division.
Production Board, will be

General Manager of the chemical
The
expansion, requested by the War
rushed
to
completion by early 1945, Mr. Richardson
resins,
he explained, are among the most
materials, with 100% of their production
The company's chemical plant at Niagara Palls,
rearranged, Mr. Richardson said, to attain greater
duction
of the company's recently introduced "200
resins
alternatively with the straight polyvinyl
Richardson.

S.

said. These
critical of all chemical
presently going to war uses.
N. Y., is also being
flexibility in pro¬
series of Geon

Inc.—Satisfies Mortgage—

corporation has authorized the payment of the balance of Its
mortgage, according to an announcement by William J. Cullen,
President.
This
will eliminate the $750,000 underlying obligation,
and will elevate the $5,000,000 issue of publicly-held fixed and cumu¬

chloride, V, 159,

v;

•

little bit better than last year,
sotckholders at their annual
Future sales
carrying the main
added.—V. 159, p. 2416,

Raymond H. Fogler, President, told
meeting held last month.
Sales were about the same,..
and profits depend upon how long merchandise new
load in Grant stores will remain available, he

Sales,
of sales

profit

Net operating

income

income

(net)

Interest

settlement of damage claims
acquisition
of stock of

Payments in
ing
from

Truck Corp

LaFrance

income

Net

Earnings per share——
Note—The provision

Balance

allowance

(less

$1.16

amortization for the year
'
■

$1,076,340; patent costs (less

allowance

Benjamin

$330,766),
for revaluation and amortiza-

par), $98,588; capital surplus, $556,641;
total, $11,648,162.—V. 159, p. 2197.

<10c

of

earned surplus, $1,144,-

Co.—Gets Court Order—
Federal Judge Walter C. Lindley, at Danville, HI., June 7, granted, in
part, a request for a bill of particulars by company and about 30
officers and subsidiaries charged with conspiracy to violate anti-trust
Lindley's
criminal

Judge

which

the

requires the Government to name areas
information charged the defendants conducted,

order

selling at retail less than they did elsewhere.
He
denied a request that the Government be required to name independent
grocers, manufacturers and others with whom the Government alleged
the defendants engaged in "price wars."—V. 159, p. 550.
wars"

"price

Profit

Other

159,

appointed

841.

p.

A.

by

Ltd.—Bonds Called—

Great Lakes Power Co.,

redemption as of Aug. 5, 1944 a total of
$50,000 of 5% gen. (closed) mtge. sinking fund bonds due June 1,
1957, at 103.89 (incl. premium and accrued interest).
Payment will
be made at The Canadian Bank of Commerce in Toronto, Montreal,
Halifax, Saint John, Winnipeg or Vancouver, Canada.-^-V. 159, p. 1862.

Net

;

Company

is

interest

on

(Electro-Motive Division).
The obligations will be in the form of conditional sales paper.
Because
of this, it is expected that competition for them will be among com¬
mercial banks bidding for their own accounts, rather than among in¬
vestment banking groups that normally purchase securities for resale
the

to

from General Motors Corp.

locomotives

road

Hall Printing Co. (&

(W. F.)
Gross

Subs.)—Annual Report

Sell.,

$3,564,474 $3,979,428
617,878
691,091
925,939
985.029

profit from operations—w---.
$3,452,762
for
depreciation
—572,661

937,383

admin, expenses—

&

gen.

profit

Operating

Total

$2,488,519

86,313
824,000

130,162

296,040
723.000
27,000
161,973

$1,031,761

$1,102,000

$1,280,506

485,446

485,446

485,446

$2.66

income taxes—
Federal excess profits tax—
Minority int. in net inc. of subs. co.
Fed.

est.

for

$2,142,476

86,268

charges

Other

Prov.

188,211

-121,819

$2,033,082
185,053
730,000

^

_

$2,300,308

90,364

„■

—

$2,020,657

$1,942,718

—————

income

Miscellaneous

1942

1943

Provision

profit
Common
dividends

$2.84

$3.30

,—---

——

—

—

Earning

_

share—

per

$3,353,704;

cost,

ties,, at

of

accounts

doubtful

for

marketable securi¬
notes and accounts receivable (less reserve
$158,977), $2,135,655; inventories, $1,347,272;

banks and

in

Sheet, March 31, 1944

Balance

Consolidated
Assets—Cash

hand, $1,142,058;

on

and equipment, $6,526,698; deferred
charges, $128,054; total, $15,219,937.
Liabilities—Accounts
payable,
$226,153;
Federal income taxes,
plants

$586,496;

assets,

other

$367,290; salaries, wages, etc., $212,932; sinking
fund debenture payment to be made on Sept. 25, 1944, $200,000; de¬
bentures, $1,450,000; reserves, $640,371; minority interest in common

of subsidiary company,
$445,782; capital stock
shares), $4,000,000; capital and paid-in surplus,
$979,876; surplus earned, $6,036,905; cost of 11,643 common shares
acquired and held in treasury, Drl53,485; total, $15,219,937.—t-V, 158,
(400,000

Income

Consolidated

.

»><:•'

■

■■■

..

'

■■■'";•

March 31
1943

1944

Operating
Operating
Net

revenues

expenses

operating
income

Other

$34,574,837 $31,023,530
23,107,105 19,938,147

—
r ——

$11,467,732 $11,085,382

revenue—

dividend

A

June
It

24.

155,884

181,701

—

—

income

*

Federal

Federal

State

__1

deductions

Income

profits

excess

;

taxes

__

_

June 30 payment will be
preferred stockholders of record June 24 of their
announced that

also

was

and

share

It

per

estimated

was

$27.80

was

taken
the

of

care

total

that

as

158,

March

Ended

profit

dividends payable to

p.

889.

Net

income

income

$2,764,615

—_____

„

$2,596,835

consolidated,

655,430

721,958

Net

*

income

in

After

share of common

deducting
tOn

1943.

stock of corp
stock
a—

applicable to

per

credit of

post-war

2,784,386

in

1944

$1,941,405.
$0.68

and $773,156

shares outstanding.

Financing Delayed—
The

$806,950

$2,042,658
$0.72

'

income

expenses,
Prov. for deprec. &
for

for

paid

Divs.

"Less
.

that

the issues

it

wi'l

would not

be marketed

corporation

has

applied




the

Commerce

Commis¬

$834,413
26,923

$850,628
38,649

$861,336

$889,277

certificates of indebtedness, $532,000;
Inventories, $10,566,214; expenditures

$1,324,247; U. S.

$1,147,221;

$303,004; special deposits,

charges,
total, $23,-

investments, $132,055; fixed assets, $8,978,176; deferred
other assets (less reserve, $68,722), $82,799;

$24;

70,918
"1,802,481
310,000

47,106

71,225
"472,095

79,627

66,658
382,379
;

$310,130
$270,910
$360,613
22,440
23,333
25,205
$0.77
$0.66
$0.90
refund of $168,384 in 1944 and $36,023 in 1943.

common.

—

.stock—
share

post-war

Sheet March 31,

1944

reserves,
no

par

shares of no

$2,893; inventories, $1,009,137; prepaid expenses, $34,211; other assets, $282,521; land buildings, machinery and equipment,
tools and dies, furniture and fixtures, etc. (at cost less allowance for
supplies,

depreciation and obsolescence), $531,518; patents,'
$1; deferred charges, $26,384; total, $3,366,144.

U,

$36,062; good will,

merchandise, expenses, etc.,

$379,-

customers' credit balances, $4,484; employees" welfare fund (less
series F bonds (on hand),$4,452),$3,004; payroll withholdings

S.

par common

President, in

Mattei,

C.

stock), $2,500,000;
total, $23,426,811.—V.

158, p. 1473.

Corp.—Part of Dividends

Honolulu Oil
A.

$2,625,000;

stock (19,738
(500,000
paid-in surplus, $276,018;

surplus, $9,123,710;

earned

dividends payable,

common

other dividends, $76,790; first mortgage bonds,
$1,869,962; 7% cumulative preferred capital
shares), $1,973,800; equity of common stockholders

$125,000;

letter^ to the

a

Taxable—

stockholders on June 8,

stated:

Department has determined that
paid by this corporation

"The Treasury

distributions

cash

45.997% of each of
to its stockholders

and that

calendar year 1941 is taxable as a dividend,
non-taxable.
We concur in this determination.
"In accordance with
the provisions of the Internal Revenue Code,
the non-taxable portion, or 54.003%
of these distributions, should

during the
54.003% is

be
stock and will
exceed such

applied as a reduction of the cost or other basis of your
be taxable if, and to the extent that, such distributions
basis."—V. 159, p. 2198.

,

.

Transit Co., Ltd.—Earnings—
Period End. April—
1944—Month—1943
1944—4 Mos.—1943
Gross rev. from transp.
$530,090
$451,485 $2,024,037 $1,745,333
Honolulu Rapid

-

Operating

322,071

other

than
from

oper.-

1,934,167

$765,702
2,062

$811,165
3,683

$209,740

$219,000
200,840

$767,765
699,764

$814,843
742,393

$28,078

trans,

revs,

Revs,

1,258,334

$217,977
1,022

181,661

from transp.

Net rev.

233,508

$208,018
1,722

expenses

Net

Deductions—

-

—

—V.

revenue

159,

p.

________

2082.

$17,160

$98,000

$72,454

»

.

Houdaille-IIershey

Corp.—Acquisition—

Honan-

corporation has acquired for cash all the stock of the
Crane Corp., manufacturers of oil purification equipment, with
offices and plant in Lebanon, Ind,
This new addition will he
as a wholly-owned subsidiary,
and all officers as well as
Honan-Crane will remain with the corporation.—V. 159, p. 2082.
The

general
operated
personnel of

Co.—Dividend Dates—
stock hence¬
June, Seprate of 30
last payment at this rate having

Houston Lighting & Power

cents

per

share each month, the
on June 10, 1944.—V. 359, p.

Company

on

2198.

Corp.—Registered with SEC—

Howard Stores

<

June

9

filed

the SEC
stock (par $100)
naming A. G.
of the shares
financing but will represent a public
by the underwriters from certain large

a

registration statement with

covering 27,736 shares of 514% cumulative preferred
and
50,000
shares of common stock (par $1), and
Becker & Co.. Inc., as the principal underwriter.
Sale
will

not

constitute

distribution

of

corporate

stock acquired

Corporation

■
operates,

in part directly

and in part through

wholly-

retail men's and boys' ready-to-wear
clothing
stores,
and manufactures • substantially all of the men's
clothing distributed by it.
Twenty-one of the stores are in New York
City and the balance in 12 other cities in six States, including three
in
Chicago.
The manufacturing plants of the company are located
in Brooklyn, N. Y., and Philadelphia, Pal t
Consolidated sales, for 1943 amounted tq,$17,704,203, including sales
owned

of

subsidiaries, a chain of 38

$782,871

1942.

Net

to

the United States

profit

for

on

358,025

shares of common

$2.09 per share in 1942.
Sales
for the first
three
amounted

to

Army, compared

1943 amounted

requirements on 32,500 shares

$1,133,742; notes and accounts receivable and equities
in financed notes (less reserve for doubtful accounts), $309,675; duo
from

$45,338; taxes, Federal (excise,
and miscellaneous, $1,522,460;

$34,542;

payable,

dividends

preferred

accounts payable

$3,000,000;

(banks),

payable

Liabilities—Notes

(trade), $224,191; salaries and wages,
income, and capital stock), property,

shareholders.-

in cash on pfd.
per

Liabilities—Accounts payable for

Interstate

1,007,306

Assets—Cash,

594;
to

patent amort—
income taxes
and renegotiation.

Balance

for 30 days.

Proposed Acquisition—

685,000
794,915

47,954

Federal

recon.

438,690
806,622

allowed,

etc.—

profit for the year

Net

Earnings

is^ue an order on the corporation's applica¬
tion
for authority to
sell; $5,000,000 4'/2%
non-cumulative preferred
stock and $10,000,000 3% sinking fund debentures. • The corporation
had asked for early action on the ICC examiner's report in order that
the preferred could be marketed before the start of the Fifth War Loan
®reyh°urK* officials stated that their plans have been tempo¬
rarily shelved and that in view of the bond drive it is not likely that

The

discounts

paid,

Interest

$1,857,934

$2,506,398
35,085

'

profit

$2,314,329

$2,541,483

Operating

corporation has been notified by the Interstate Commerce Com¬

mission

Sheet, March 31, 1944

applicable to current crop year,

and advances

been made

>

$3,751,710

of war contracts
& gen. exps.

adjustment

Prov.

1942

1943

1944

Engin,, selling, admin.

Provision

^Earnings

1943

in

.

receivable,

accounts

—

announces that dividends on the common
forth will be paid quarterly, on the tenth day of March,
tmber and December.
Payments previously were at the

Co.—Annual Report—

31—

_

patent

to stock of subsidiaries
held by public-——
_

applicable

share—-

$748,514

deducting

"After

—

———

—

Earnings per common

147,658
500,000
$0.81
$1.02
and $646,138 in 1942 for de¬

————

—

dividends

Common

The company

sales, etc., before
and price adjust, of

contracts

Sundry

_

preferred share¬

on

depreciation
war

■

niade to
distribu¬

and it was stated that the difference
and the amount estimated as payable will
capital out of the distributable share of assets

Hammond Instrument
Years

company.

Total

Net

dividends

Preferred

paid

company.—V.

Gross

on

share,

a

amount

the

of

assets of the

the

in

.

tax

taxes

income

income

„$11,649,433 $11,241,266
560,769
431,839
7,183,650
6,968,814
953,139
1,062,456
187,2601
181,322

——

Ltd.—$25.35 Dividend— 5
share has been declared on the 7%;;:cumu$100, payable June 30 to holders of record

t

,

common

tive

$25.35

of

preferred stock, par

lative

Price

Total

$656,855

/.!'-' ■ ■;

Hamilton United Theatres,

be

Three Months Ended

Statement,

25,000

$544,605
139,185
500,000

_______

_

par

no

1732.

p.

surplus

and

stock

between

Greyhound Corp.—Earnings—

$1,148,442
176,586
290,000

$361,072;

,

1944

March 31—

Years Ended

holders

159, p. 2303.

public.—V.

——

426.811.

Great Northern Ry.—Bids for
of

$866,430
166,825
—150,000

—

—

Balance

,

dr28,339

$1,013,055
135.387

5,000

income

preciation.

,

81,249

—-

taxes

State

Tupper

$1,041,394

$706,509
159,922

;

taxes—

income

Net

Equipments—
inviting bids to be received June 29 for the lowest rate
$3,002,876 for financing the purchase of six new Diesel

;

—

deductions —

Federal

18,940.105

$625,260

—_—

—

—

income

Income

$814,112; other taxes,

There have been called for

;

income

Gross

20,818,116
—

profit-,——,,

operating

$21,443,376 $19,981,499

.

_

operating profit

Other

announced the election of
as Vice-Presidents.
Mr.
Sales Manager of the company.—

•

.

1943

admin¬

_

.

sales

Assets—Cash

Ernest

been

also

has

Gershey
V.

expenses

from

"Net

President, on June 8
and

of

istrative

the

Great Atlantic & Pacific Tea

in

March 31

allow¬

discounts, returns, freight,
and Federal excise taxes),
sales, and selling, general and

(less

ances,

Cost

Named—

Katz,

S.

Net

laws.

foreign sub¬
and $247,387

total, $8,632,138;

Gershey

C.

Simon

goodwill, $1;. total, $11,648,162. .
Liabilities—Accounts and notes payable, $1,950,473; accrued taxes,
wages and other expenses, $562,310; amounts withheld for employees'
taxes and war bond purchases, $123,611; amount repayable to Govern¬
ment as the result of
1942 renegotiation and price reductions on
certain 1943 contracts, $497,870; advances on Government contracts,
$3,072,549; prov. for Federal taxes on income and possible renegotia¬
tion of 1943 government contracts, $3,001,091; mortgage payable, due
after 1944, $30,400; reserve for contingencies, $600,000; capital stock
631;

.

1944
Sales

V,

,

surplus, $3,889,226;

tion), $19,617;

.

period and will carry

.

Statement, Years Ended

income

payable, $599,180; accrued expenses, $408,060;
dividends payable, $5,637; provision for domestic and foreign taxes on
income
(less U. S. Treasury tax savings notes, $944,233), $894,930;
notes payable, bank, due annually in varying amounts from April 30,
1945
through April 30, 1950), $2,000,000; 5%, cumulative preferred
stock ($25 par), $450,850; common stock ($1 par), $384,256; earned

New Officers

companies

predecessor

of

.

Corp.—Earnings-

Holly Sugar

Liabilities—Accounts

Sheet, Dec. 31, 1943

hand, $2,408,682; accounts and notes
for doubtful accounts of $13,372), $3,229,-

acquisition

of

at

interest

1944

Sheet, March 31,

Consolidated Balance

total, $8,632,138.

and
to

dates

ten-year

amortized over a
3%%.—V. 159, p. 2303.

borrowing will be

the

•;

■

.

,

class A,
Publica¬

share, to June 30 from June 20.
owned subsidiary of Hearst Con¬
solidated Publications, Inc., invites tenders of the class A stock of
latter company in the amount of 600,000 shares.
Hearst Publications, Inc., proposes to borrow up to $15,000,000 to the
extent necessary,
depending on the number of shares accepted, and

$300,000; notes
notes and
accounts), $956,906; inventories, $2,684,738; cash surrender value of
insurance aggregating $876,700 on lives of officers and directors, $91,241; other accounts receivable, $8,300; sundry investments, at cost or
nominal values,
$15,477;,, post-war refunds of excess profits taxes,
$134,404;
land, buildings,
and equipment, at cost (less allowance
for depreciation,
$488,255), $451,982; prepaid expenses and deferred
charges, $128,897; patents, trademarks, copyrights and goodwill, $1;

inventories of finished goods, work in process, materials
supplies, at the lower of cost or market, $3,712,912; advances
subcontractors
for purchases, $995,503;
prepaid expenses, $109,067;
investment in and advances to a subsidiary company, $96,795; fixed
assets (less allowance for depreciation and amortization accumulated
since

time for tenders 'of the
of Hearst Consolidated

Inc., at thtf par value of $25 a
Hearst Publications, Inc., a wholly

tions,

Assets—Cash, $3,860,191; U. S. Govt, obligations,
and accounts receivable, trade (less allowance for doubtful

$1,146,298
98.588

244;

net income of
1944, $244,474 in 1943

income includes

aggregating $213,341 in

.

in banks and on

Assets—Cash

——

net

Note-—Consolidated

1,008

—

for depreciation and

$266,351.

1943 amounted to

—---

__

._

-

share.—

per

sidiaries

3,210,000

—

_

Dividends paid

receivable

———-

contingencies

Prov. for Fed. taxes on

384,256

shares-—

common

in 1942.

vi 91,957

.

——

deductions —
,
inc., renegot. and

Miscellaneous

384,256
$2.39

$899,415
23,161
270,656
430,767

corporation has extended the
cumulative participating 7%
shares

$401,400 in 1942.

$4,444,133
111,326

aris¬
Ward

875,890

$908,079
22.548
372,886

\

—

Inc.—Offer Extended—

Hearst Publications,

war

$4,555,458
————43,688
—;
—62,507

——

—

1,168,288

$940,706
22,548
249,771

-

,

reported on June 9 that

This

$2.30
$2.04
"Includes Federal excess profits taxes, $1,298,175 in 1944 and $816,110
in 1943 (less credit for debt retirement of $76,932 in 1943 and post¬
refund of $129,817 in 1944 ana $4,679 in 1943, respectively), and

—-——

—

—

discounts- on sales,—-—-—

Cash

—

—.————

.——

$1,919,587
144,281

domestic and foreign

for

Earnings

27,561,107
1,158,416

administrative expenses———

general and

$2,234,607
158,240

1,589,538

—

Corp.—Purchases Building—

the Hearst Corp. was the new owner
of the five-story building at 7 East 57th St., New York, N. Y.
The corporation has been occupying this property under lease for
the past 15 years;
The assessed valuation is $235,000 and the indi¬
cated consideration was $250,000.—V. 151, p. 246.

$1,794,352
125,235

stock dividends (cash)—
dividends (cash)—;

Preferred
Common

Industries, Inc.—Earnings—
Statement of Income for the Year Ended Dec. 31, 1.943
less returns, allowances and freight
— $33,163,656

$2,130,208
>' 104,399

$2,773,593
243,349

—

taxes

Outstanding

Great American

Cost

$2,648,723
124,870

income

income

Net

$3,779,292 $3,701,267
1,649,084
1,906,916

„—_

Interest and other expenses—

income

Higher—

end of April were a

$4,653,880
2,005,157

*

income

"Provision

belowr—V. 158, p. 889.

Publications, Inc.,

Hearst

It was

1942

1943

1944

cents.—V. 159, p. 1973.

Grant Co.—Profits

(W. T.)

Profits up to the

Subs.)—Earnings—
Income Account, Years Ended March 31

sales

profit from

Total

Publications, Inc.—Tenders

Hearst Consolidated
See

Hearst

(&

Selling, admin, and gen. exps.——

Other

Federal
hand),

.

Profit

and Dec. 24, 35

Total

.

Comparative Consolidated

Gross

on

Other

447.

p.

Gruen Watch Co.

Co.—17y2-Cent Dividend—
The directors on June 8 declared a dividend of 17Vi cents per share
the outstanding common
stock, payable June 29 to holders of
record June 19.
Payments last year were as follows: June 25, 17'/a

Selling,

159,

$70,496; liability for
tax savings notes (on

$486,811; provision for reconversion and renegotiation,
$310,000;
reserve
for future service costs and other contingencies,
$20,000; deferred income, $3,046; preferred stock ($50 par), $338,277;
common
stock
($1 par), $373,304; paid in surplus, $273,551; earned
surplus, $1,054,129; earned surplus reserved for retirement of preferred
stock, $6,628; total, $3,366,144.—V. 158, p. 391.

income 2-4s to the position of a first lien on the company's
property.
The property comprises the 30-story 1,200-room Governor
Clinton Hotel at 31st Street and Seventh Ave., New York, N. Y.—

Granite City Steel

cents,

income

on

real

and other taxes,
(less U. 8. treasury

lative

2081.

p.

security,

$1,484,054),

The

(B. F.) Goodrich

$8,408; accrued salaries and wages, $34,412;
estate, personal property, Federal taxes

purchases,

withheld

income

taxes

first

Expansion of the

bond
social

war

accrued
on

$4,168,227,

and

with $16,286,880 in

to $886,171, equal aUQr

dividend

of.,5va% preferred stock to $2 per share
stock, compared with $918,346, equal to
months of 1944,
the net profit,

off season period,
$169,077, equal to 35

an

share op the common stock.
The consolidated balance sheet as of March 31, 1944, shows total
current assets of $8,788,899, including $3,361,384 cash and U. S. Gov¬
ernment bonds, and total current liabilities of $1,335,768.
Associated with A. G. Becker & Co., Inc.,. in the underwriting will
be:
Merrill Lynch, Pierce, Fenner & Beane; Riter & Co.; H. M.
cents
■

per

Volume 159

THE COMMERCIAL 8c FINANCIAL CHRONICLE

Number 4291

Byllesby & Co,, Inc.;; Central Republic Co, (Inc.), .Graham, Parsons &
Co,; Hallgarten & Co.; Shields & Co.; Strouo & Co., Inc.; A. .E.
Master & Co.; The Milwauke Co.; Moore^ Leonard & Lynch; William
R. Staats & Co.; Stein Bros. & Boyce; Edward D. Jones & Co.;
Singer, Deane & Scribner; Frank B. Cahn & Co., and Newhard,
Cook & Co.
'' ''
"
'
1 ''

is

It

Inland Steel Co.—Unit Sets Record—

expected

approximately 3,620

Operating

The

.

,

1657...

directors

of TO: cents

holders
extra

of

share

per

record

declared

8

the

on

June

Six

19.

the, usual

common
months

semi-annual

stock,

payable

.the

ago

June 29
paid

Iluntsville Gas Co.—Earnings-—"'., %''/•Years

Ended

Operating
Operating

Dec.

'

31

■

1943

.1

____'

revenue

li-L-,-.r—;-

"...

and

1942

$31,566

•

$35,249
•

taxes___i.___

39,347

44,129

$7,781

loss

Other

loss

$7,412

.

-

Deductions

-r.1.

The

plant

Assets—Property,

Sheet

at

Dec.

$14,286

.

equipment, $187,111; cash, $2,758; ac¬
counts
receivable
(less reserve for uncollectible accounts of $578),
$2,637; materials and supplies, $3,457; prepaid taxes, insurance, etc.*
$556; miscellaneous deferred charges, $2,095; total, $198,613.
and

Liabilities—Common stock

000;
other

than

payable, $2,476; due to affiliated companies, $145,969;
deposits and accrued interest thereon, $1,761; accrued taxes,;.,
income taxes, $398; accrued miscellaneous liabilities, $202;

for

reserve

retirements,

benches, $2,457;
deficit, $115,780;

mission,

$10,722;

maintenance

of construction,
155, p. 2184.

aid

in

contributions

for

reserve

total, $198,613,—V.

of

gas

Idaho Power

-

The

7%

Co.—Registers 60,587 Shares Pre!—

June

basis—plus
Shares

at

stock

$110

Freres

share

a.

&

on

the

sale

the unexchanged 7%

The

publicly

York,

New

Co.,
from

1.

Aug.

offered

be

will

Proceeds

redeem

preferred

of 32,130 shares of

on

share-for-share

a

the

preferred
Idaho.

of $6

unspecified amount of cash—from July 1 to 22, 1944.,,;
7%
and $6 preferred stocks not exchanged will be

an

of

shares

28,457

and

redeemed
Lazard

y

14

offered in exchange to holders

stock will be

preferred

Blyth
Wegener &

and

to

remaining

by

the

&

shares of
Inc.,

Co.,

Daly,

underwriters

will

Inc.;
be

4%
and

Boise,

used

to

and $6 shares.—V. 159, p. 2304.

1944—Month—1943

.

$10,635,384

P. 4031.'

•

There
of

have

called

been

for

bonds,

7,509,498

___

6,673,659

29,690,423

York,

26,675,301'

2,093,185

2,022,472

8,139,454

4,280,077

income

$1,032,701

$1,250,519

$4,294,858

$4,819,229

843,415

operating

1,027,822

3,352,170

3,799,586

income

Net

—V,

159.

1973.

p.

Y.—V.

159,

2198.

p.

Telephone

T

;

.

President
which

Telegraph

&

Getulio

together

into

system,

nacional

do

built

Brasil,

graph Corp., under
effect

'&■
a

a

the

telegraph

and

United

Rio

from

other

to

operates

to

throughout

the

in

all

of

other

Brazilian

State

has

Brazil

connections

no

the

between

central

of

C.R.I.B.

to

supply internal

work has been built

bonds

stated to

was

be $341,316.

\

'V

'

Earnings for First Four Months—Dividend Outlook—
income of

Net
of

declined

1944

last

the

Central System

Illinois

$6,893,952

to

from

for

the

a

Federal

road's

tax

this

months

remaining
Federal

of

added

He

year.

will

1944

since the

taxes

continue

road exhausted

that >he
to show

like

period

President,

sections

statements for the
sharp increases in

its carry-over credit for excess

in .the current

year..

■,

.

by C.R.I.B.

to May 15,

directors

the

June
—V.

1,

plus

159,

stock,

15.

last,

and

declared

dividend

a

value,

par

payable

distributions

March

on

1974.

p.

13
no

Similar

10,

were

June

15,

of

Oct.

cents

25

Sept.

made

1

on

and

8

per

share

Dec.

1,

Registry

of America,

Inc.

—

for

rev.

200

180

600

540

$194,549
111,947

$174,129
95,660

$591,126

$533,896

325,031

284.796

of

oper.

National

Association

the

15-A of

taxes

ISO

—

150

290

45,407

50
48,683

property

Operating

Iowa Public
-,

149,835

132,587

same

of

Act.

Securities

Dealers,

Operation

Inc., pursuant

Net

$33,869

operating income

income

—V.

159.

$32,872
17,629

18,634

________.

$116,112

$116,223

72,603

72,986

Federal

and

Indiana & Michigan Electric

Co.—Earnings-

Years Ended Dec. 31—

perating
Operation

revenue

————

__—

excess

Other

income

Gross

926,664

806,391

$2,256,031

preferred

11,412

$2,513,447

$2,244,619
896,749

—

——

income-..

income

preferred

6%

4,850

790,610

—_—

income

7%

Common

495,014

1,922,829

$2,518,297

—:—-—

(Dr)__

Deductions from
Net

513,892

——.-

income

1,359,042

2,446,366

profits tax

taxes

Operating

—$1,722,837

dividends—
dividends—

$1,347,871

277,095

277,095

214,308

214,308

—

,

dividends

740,330

;

Balance

Assets—Utility

plant,

Sheet, Dec. 3f,' 3f)43

$61,317,135;

construction

rent),

$4,623;

uncom¬

$8,947; prepaid insurance, taxes, etc., $56,804;
accrued assets, $147; accounts receivable (not cur¬

deferred debits, $1,104,900;

total, $70,012,604.

other

current

and

interest accrued, $91,790; taxes accrued, $3,845,498;
accrued

liabilities,

$83,147;

deferred

credits,

$388,-

$14,016,296; contributions in aid of construction, $26,7% cumulative preferred stock (par $100), $3,958,preferred stock (par $100), $3,571,800: common
no par), $11,560,775; earned surplus, $5,979,504;
total, $70,012,604.—V. 159, p. 1040.
226;

494,944

reserves,

income

Gross

569,574

$1,369,490
24,034

charges---.

$1,393,524
701,812

$670,504

interest

and

$1,325,754

655,250

__________

deductions

income

due

stock

($5

other

accrued

preferred. stocks_._____—

on

Balance

—V.

_____________

share

per

159.

412,000

on

the

tTotal

Jamaica Public

shares

Service Ltd.

of

com.

(&

$691,712

334,903

$335,601

18-inch

of

$134,384

revenues

$108,619

1944—12 Mos.'—1943

$1,494,484

$1,323,517

52,587

710,225

627,047

12,452

11,346

160,957

166,289

8,047

132,238

76,436

8,333

8,333

100,000

93,333

accru._

$37,523

income.

oper.

income

$360,411

Dr4,533

Dr8,793

$36,432

$29,497
8,455

$386,531
101,057

$35f$18

8,034

income

$28,306
1,191

$391,064

Drl,091

(net)

deductions

income

$28,398

Preference dividend
P.

S.

Co.,

Preference

500; 6%
cumulative
stock (870,976 shares,

Preference

Common

—V.

159,

requirements:

Ltd.,

2198.

$21,042

105,873

$285,474

$245,745

be

14,500
$1,465,910

subject

issued

20,000 shares

issuable in

to

series.

pipe line approximately 41 miles in length

field

gas

southwestern Kansas

in

its compressor

to

and

Commission
Kansas.

the

Contracts

State

have

Corporation

been

entered

Commission
into

and

$1,500,000 4% bonds, series C, at 105% of face value-—
2,000 shares $5 cumulative preferred stock at $100 per share

of

orders

$1,575,000
200,000

58,636 shares common stock at $6.50 per share__—381,134

V;' Total'

$2,156,134

estimated

and

expenses

fees

Balance

$2,127,634

to

be

met

out

Underwriting—The

of

working capital
of

name

each

respective amounts of preferred and
written, to be reduced pro rata as to
shares

common

are

28,500

,

Balance

purchased by

(estimated)_____

principal
common

common

common

underwriter,

372,366

and

the

shares severally under¬
shares by the number of

stockholders

under prior

offer¬

follows:

as

Trust

Co.

of Lincoln,

Neb,___

Common

Shares

Name—

Shares

500

14,659

25%

500

14,659

25%

400

11,727

20%

300

8,795

Rauscher, Pierce & Co.. Dallas, Tex.

100

United

100

2,932
2,932

15%
5%
5%

Cruttenden

&

Co..

Chicago

Beecroft, Cole & Co., Topeka, Kan.
Harold E.
Wood & Co., St.
Paul,
________—

Trust

Co.

of Abilene,

and
Belden,
apolis, Minn.

Inc.,

Kan._
Minne¬

100

2,932

5%

2.000

—
Statements

58,636

100%

of

Income, Years Ended March 31
1943

1944

$1,447,819

$1,679,553

$1,952,101

647,884

operating

Total

745,568

887,346

28,779
55,700

42,764
72,010

73,620

227,699

285,381

297,275

3,448

4,640

3,503

115,220

and

paid

(J,

P, S.,

Ltd.).

28,368

4,262
154,450

155,250

Maintenance
Taxes,

other

Depreciation

91,800

of

Amortization

Amort,

of

income taxes—

plant
intangibles_______
acquisition adjust.

gas

of

plant

account
Total

interest

"■Provision

and

88,839

dividends

on

^Excludes

6%

t59,933

161,034

87,419

152,455

profits tax,
tOn 6%- preferred then outstanding.
preferred stock and $33,625 on 5% preferred stock.

$89,920

Assets—Gas

$278,359

excess

stock

dividend

Balance

and

176,243

$227,773

§68,842

paid__

142,705

$229,968
157,763

paid

dividends

Federal

4,262

State

income

Preferred

"■No

Federal

for

76,244

50,282

taxes

income

Net

deductions

charges

42,603

91,800

than

21,992

47,783

D

27,439

21,992

B

revenues

operation

t$27,409

1

preference shares—

shares

shares C

dividends

P.

can

construction being undertaken by the company during 1944
$2,400,000 and
$2,500,000.
Company proposes to meet
expenditures principally by the sale of securities as follows:

$0.86

59,271
j

reserve

C,

of, all

Common

J.

authorized

diameter

Hugoton

Power

Special

Net

and

$356,809

$0.81

16,805

Income

B

334,903

Sub.)—Earnings—

1944—Month—1943

Taxes

Utility

A.

$1,750,000

—_

—

series

1942

Period End. April 30—

Other

-

between

Total

Retire,

of

1764.

p.

Operating

-

Financing

Authorized Outstand'g
•

par)—

than

of indenture,

Totals

Earnings

Present

4-l-57__

Frank
Net

Dividends

'

Effect to

4%—•

fund bonds,

due

C,

Minn.

Income

Giving

Preferred

37,9.99

237; capital stock:




sink,

A.

,

of an

ing,

$1,287,754

operations

from

income

Gross

Liabilities—Funded
debt,
$23,700,000;
accounts
payable,
general,
$2,440,727; accounts payable, associated companies, $159,747; customers'

deposits, $190,357;

693,455

571,023

earnings

Other

the

the

5^4.000
1,500,000

First
Net

from

gas

V V

47,068

taxes

Maintenance

contracts

merchandise for resale,

current and

profits taxes

profits tax

Operation

pleted,
$2,148,829; investment and fund accounts, $201,674; cash,
$2,586,742; working funds, $53,355;
accounts receivable, $1,108,281;
materials and
supplies for operations and construction, $1,421,167;
other

excess

296,824

596,306

taxes_____.

income

Federal

5,542,868

608,797
1,378,716

———

Federal

and

income

2,583,055

616,067

depreciation^«^___i___„_

$6,007,342

2,726,484

1942

5,854,287

Maintenance

Other

1943

$14,247,019 $12,978,480

...

_____

—

Depreciation

for

$6,276,907
315,382

_

T
—

1943

713,129

revenues
,

excess

General

natural

14,500

Less
1944

Charge in lieu of additional Federal income tax

1448.

p.

Provision

of

$2,694,000

these

to

Service Co.—Earnings-

Maintenance
Net

with

of

any

'

12 Months Ended April 30—

Operating

in

-

1,000,000
1,500,000

cost

of revocation and suspension of registration pursuant to Section 15 (B)
of the Securities Exchange Act ot 1934 and suspension and expulsion

lease

supply

served

are

systems
' ■

$3,000,000

is

:

Rent

served

gas

placed covering substantially 95% of the necessary materials and labor,
and all of the required pipe has been received.
The total estimated

"v\'y

.

from

—

towns

and

SEC Issues

revenues,.

Operating

the

of

competing

V—

Federal

$534,436

Operating expenses

popu¬

required for this construction and to obtain the pipe, compressor units
other materials have been granted by the War .Production Board>

1943.

$591,726

oper.

combined

statiorv, and dehydration plant west of Scott City, Kan., and a pipe
line approximately 114 miles in length (to consist of approximately 99
miles
of 12%-inch pipe and
15 miles of 8s/&-inch nipe)
extending
northeastwardly from its Scott City compressor station to its com¬
pressor station at Stockton, Kan.
Company is also installing 2,000
additional
compressor
horse
power
and
greatly expanding its gas
dehydration facilities at its plant west of Scott City.
The approvals

-:-V-

■

Order—•

the

All
no

its

Capitalization

the .State

Investment

Section

retail in

at

gas

The

There are about 29,500 meters

4-1-59—

tion

holders of
1 and

to

1944—3 Mos.—1943

Uncollectible

natural

Nebraska.

10-1-57

from

March

$174,309

1944—Month—1943

in

38 towns in Nebraska

Proposed Application of Proceeds—Company h£s begun the construc¬

1974.

p,

$194,749

revenues

purchases

mtge.

terms

dividends from

accrued

___

Period End. Mar. 31—

distributes

:

"■Bonds,

The Securities and Exchange Commission has issued an order against
the company, located in Philadelphia, for proceedings on the question

Indiana Associated Telephone Corp.- -Earnings—

along its lines.and there are

gas

;

1st

<

1944, amounting to $263.—V.

June

on

common

Aug.

159,

also

and

the

Series

Exchange Commission has permitted the company
National Food Products Corp. voting trust, certificates repre¬

1944,

record

Kansas

of

gas,

gas for heating, power and cooking to large State institutions
Kan., and near Kearney, Grand Island and Hastings,
for fuel at several central electric power houses, and to various

Series

Intertype Corp.—To Pay 25-Cent Common Dividend—
The
on

and

towns

32

of

tCumui. pfd. stock (no par) (shares),,——

the redemption price of the stock,

May 1,

Kansas

and

States

'

approximately 150,000.

.Series Bv due

senting 6,784 shares of the latter's 5% cumulative class A stock (par
$20) for a total of $135,943.
The sum represents a price of $20 a
share,

in

the

small amount

a
,

Norton,

;

<
*'

-

to

distribution in

retail

produces

appliances.

.

.

Although freight revenues of the road this year have shown no ap¬
preciable increase, passenger revenues increased sufficiently to boost
operating revenue to $84,118,051, an increase of about 4% over last
year.:,
;
' "tm 1
In response to a stockholder's query, Mr. Beven said he thought the
road
should be able to resume dividend payments when its annual
fixed charges had been pared to something under $10,000,000.
These
charges are now about $12,000,000 annually.
: ;
Since
1940, Mr. Beven said, $72,556,000 of the company's funded
debt has been
eliminated and funded debt outstanding now totals
$292,520,000.
See also V. 159, p. 2304.

Operating

sell

share plus accrued dividends
gradually reduced to $105 per share
in 1946 or thereafter.
Liquidating

stockholders;

The Securities and
to

share for

Hugoton
Natural Gas Field in southwestern Kansas, from the Otis Natural Gas
Field in Rush County, Kan., and from the connected pipe line: system
of The Kansas Power & Light Co., and transports such natural gas
so purchased through its pipe line system
to the various communities
served by it.
•
The
company is wholly independent and has approximately
1,400

of

International Utilities Corp.—Sale—

told

increase in the

the right to
each four
rights expire

offered

a

purchase

company's pipe line system, of which approximately
served at wholesale and 9,500 at retail.
Company furnishes

Common

of

profits taxes in 1943 and will feel the full impact of the excess profits
tax

2417.

is

Company

capitals.

by radiotelephone but not by domestic radiotelegraph,
operation being limited to its international service."—V.
159,

that

and

Company
gas

Kansas

to

industries

"Operation of the C.R.I.B. system then will be permitted for domestic

P.

$6.50

These

$107 per

towns.'/.'

radiotelephone connections between the
all of the State capitals when the net¬

and

Brazil

of

at

at

1944.

plus accrued dividends.
incorporated in Kansas, May 18, 1927, under the name
Line & Gas Co.
Name changed
to present title

towns

in

served

natural

for the first four months

$9,653,467

decrease of about 29%, John L. Beven,
stockholders at the annual meeting held in May,
Mr. Beven attributed the decline largely to the 41%
year,

sections

callable

is

wholesale

four

to

near

transmission

purchased

various

Pipe

rents

towns

Neb.,

south,

It is reported that this road has reduced its St. Louis division first
mortgage 3 Vz % bonds due in 1951 by $466,000 face value, leaving the
amount outstanding on April 30, 1944, at $7,603,000,
The cost of the

was

and

20,000 are

Sao Paulo and Santos byTand wire
north and west areas of the Republic, the
Vargas will permit these international stations

President

of

the

8.

share

per

and

attached

the country around Rio de Janeiro,

to

$100

Nebraska.

and

Already existing stations are at Curityba, Porto Alegre, Recife, Natal,
Belem, Fortaleza and Bahia, and at the Federal capital, Rio de Janeiro.
"Since

stock

Kansas

21

Europe'"
South

plans

stations

May

called

lation

its old concessions, has built radio
of the State capitals of Brazil, and

put

stock

common

record

Etock were

natural

America.
C.R.I.B. recently, under
stations for this purpose is seven

to

Inc.—Securities

;

.

common

Company supplies natural gas at wholesale to

international

de Janeiro

countries

Co.,

1944.

and

,/

-

service

and

States

company's

July 1, 1944.
Call
accrued dividends if

mission

transmission

Brasil

Gas

of

share of
of

sells

to be supplemented by the new radio¬
operated by
Companhia Radio Inter-

do

50,923

April 9, 1941.
Company is an operating public utility company engaged m the
purchase of natural gas in the State of Kansas, and in Its trans¬

decree under

Brazilian

all

of

the

one

Company

States and territories by internal radio¬
facilities as apart from the company's inter¬
national operations.
The President's decree was signed on May 31.
Announcement of the expansion program was made on June 13 by
union

telephone

Natural

issue

price

of

subsidiary of International Telephone & Tele¬
contract to be executed.
This development will

a

$417,370

plus

are

and

$279,479

,

Preferred

of all States and territories of Brazil will be linked
one
comprehensive radiotelephone network.
Existing

internal radio and wire lines

telephone

$136,754

before

Corp.—Expan¬

of Brazil has promulgated

Vargas

442,000

$100,321 '

of

held

May 22,

16 Wall St.,

the capitals

decree

^

shares

;

;

390,000

2417.

p.

purchase

total

sion Program for Brazil—,

telephone

Illinois Central RR.—Reduces Funded Debt—

.

a

series A and B,
N.

220,057

145,000

share.

value

and

—

Net

1944,

Payment will be made at the Bankers Trust Co., trustee,
New

246,227

138,000

etc.

taxes,

income

Holders

1,

25,031

82,076

inc,

159,

per

,

of July

as

21,797

16,923
73.948

1,608,814

Rauscher, Pierce & Co., Dallas, Tex.; United Trust Co.
Kan., and Frank and Belden, Inc., Minne¬
apolis, Minn., offered 2,000 shares $5 cumulative pre¬
ferred stock (no par) at $105 per share and the unsold
portion of 58,636 shares of common stock ($5 par) at $7

first and refunding 5% sinking fund mort¬
due Jan. 1, 1947, at 102V2 and interest.

$97,000 of outstanding

gage

redemption

26,568

of Abilene,

the

International Paper Co.—Bonds Called—

radiotelephone

1944—4 Mos.—1943

$9,946,650 $42,124,735 $38,774,607

in

face-amount certificates of the instalment type or
plan certiticates and does not represent itself as
in. the business of an investment company.—V. 149,
>;■ '/■//

the

Illinois Bell Telephone Co.—April Earnings—
Period End. Aor. 30—

engaged

never

payment

parent corporation, as follows:
"Companhia Radio International

Operating revenues
Operating expenses
Operating taxes

has

$410;., earned

registered with the Securities and Exchange
60,587 shares ($100 par) 4% cumulative preferred stock;

Company on

Interbanc

found

of issuing

engaged

International

Commission

•„

granted by the- Securities and Exchange Com¬

Commission

The

business

being

($100 par), $50,000; long term debt, $100,*.

accounts

customers'

159,

;

been

periodic

1943

31,

Canada,—V.

company

has

8,074

$2,858,604

$1,500,000 first mortgage sinking
fund bonds, 4%, series C, dated April 1, 1944, due April l,
1959, was recently offered at 107 and interest by Central
Republic Co., Chicago.
A syndicate, including The First Trust Co. of Lincoln,
Neb.; Cruttenden & Co., Chicago; Beecroft, Cole & Co.,
Topeka, Kan.; Harold E. Wood & Co., St. Paul, Minn.;

petition for an order that it has ceased to be an
within the meaning of th'e Investment Company

company's

of 1940

97.644

9,281

security)

Offered—An

101'A

at

..

investment

6,063

7,

:

$13,474'
Balance

■

Ottawa,

or

113,237

Kansas-Nebraska

1944

Interbanc Investors, Inc.—Not An Investment Co.—

$8,224

6,062

loss

Vancouver

Winnipeg,

Toronto,

216.

Act

Net

1,

int., $52,'000 of series A 1st mtge. '5!/2% sinking fund gold bonds.
will be made at The Canadian 'Bank of Commerce in Mon¬

treal,

656

income

Gross

of July

as

for

Net

Payment
p.

Net

redemption

32,965

charges

—V.

$8,879

369

and general

expenses

for

beemcalled

38,047
8,266

(social

an

Inter' City Baking Co., Ltd.—Bonds Called—
have

$2,983,839
1,903,297

to

company

2.%."' cents per share in addition to the regular 10-cent-semi¬
payment.—V. 159, p. 1555..
% '

There

•

580,211

(general)

Res.

•

«•

660,395

Depreciation

dividend

of

annual

(:•

June

on

1944—3 Mos.—1943

$993,875

costs

Fixed

Inc.-r~Regular Dividend—

Co.—Earnings^

$1,036,386

Taxes

Insuranshares Certificates*

a dividend of 50 cents per share on the
stock, "par $5, payable June 30 to holders of record June 23.
The company in preceding quarters paid dividends of 75 centsfeach.;

p.

159,

,

Service

1944—Month—1943

revenues

Taxes

directors have declared

common

159,

Total

2082.

p.

.

—v.

than In the next best month.—V.

tons more

City Public

Period End. Mar. 31-

the

that

Howe Sound Co.—Reduces Distribution—
The

Kansas

/' The company's Indiana Harbor plant'on June 8 announced a new
high record production of 322,990 net tons Of, steel ingots during May,

offering will be made immediately" upon
completion of the Government bond drive in July,' '
t";' •. :'i ;

j.

2521

paid.

Sheet, March 31, 1944

plant/ $7,613,656;

special deposits, $31,340;

investments, at cost, $4,833;
cash, $100,476; U. S. Government

funds
securi-

THE COMMERCIAL & FINANCIAL, CHRONICLE

2522

Kinner Motors, Inc., Glendale,

at cost, $325,000; accounts receivable, $237,691; materials <• and
supplies, at average cost, $654,510;
prepayments, $5,324; deferred
charges, $19,419; total, $8,992,247.
•'

ties,

preferred stock, $5 series, $1,250,000; com¬
$1,172,730; paid-in surplus, $67,356; earned sur¬
plus, $262,477; first mortgage sinking fund konds,-4
,
series A and
series' B,
$3,226,000; current liabilities (exclusive of J5191,°00 oond
sinking fund payments due prior to April 1, 1945), $829,886, deferred

v.Trading

credits

reserves

dividend

tions

*

,

.

V.

has been
28 to holders of recoird Ju}y ^^
made on Jan. 28 and April 28, last.
follows:
Jan. 28 and April 29, 10 cents

inents

In

1943

as

were

accorded

be
The

the

Trading

right

.

Dividend Declared—

Corp.—Larger

dividend

of

cents

40

157, p. 1271:

share has been declared

per

Brown

"*'■

157,

2252.

p.

Sales

e&ch,

each; and Dec. 15, a year-end of 25 cents.

v

common

1941,

159, p. 2084.

.

,

.

.

returns and

income

Other

the
V.

159,

its.

Companies)

*■
1943
1942
allowances.-, $61,67.7,868 $51,430,636

31'

Dec

Ending

124'°°Q

123>860

—

—

company

2083.

p.

income

$61,801,728 $51,554,636

—

—

L.

Earnings
-.—V.

taxes

159, p. 2084.

Years Ended—

Elliott, President, on May 31 stated, in part, as follows:
Net" sales
"After 28 years on the corner of S. Michigan Ave.
and. 41st' St.-,. ;; Net profit

declared

Dividends

Earnings
♦Cost
in

and

—
2,729,375 * 2,729,375
—-—-—$1.45
$1.34
accounts include $742,457 in 1943 and $703,850

refund of U. S.

$130,000 post war

deducting

Assets—Cash

■

and

banks

in

$329,994;

bonds,

British

•United

for the Years Ended Dec. 31

Statement of Income

t

Operating

-1

(electric)

revenues

Operation

•(-

-

$4,758,180
2,340,984

—

—-

-r-——

•the

Federal

income

♦Federal

State
Other

taxes

tax-

taxes

11(e)

by

Section

would

have

of

the

in

taxes

882,936

1 207,936

918,070

J542,194

803,000

340,742

404,936j

$340,742

$404.93o

inc.

on

provision

for

*

contingencies

50,000

plan

Company

Gas

Light

new

May

trading

Balance Sheet, Feb, 29, 1944

^
in

banks

accounts

.

of

payable to banks, $1,200,000; accounts pay¬
(trade), $262,110; miscellaneous accounts"payable, accrued sal¬
aries, taxes, etc., $188,897; accounts receivable credit balances, $3,469;
amounts

•

(less

'A%*.

withheld

cash

in

serial

Federal

taxes

employees

employees'

in

income

$351,900;

(less

.

U.

stock

bond

notes

reserve, for

common

purchase-of

for

war

estate'mortgage

$17,172;

come.

from

bank,

real

$650,000),

funds,

of

war

savings bonds

of $15,120), $2,582;
$60,000;, reserve for

1940,

S. Treasury tax notes, series C. of
contingencies, $50,000; unearned in¬

(par

$10),

$1,800,000;. earned

surplus,

$1,248,046; total, $5,184,175.—V. 159, p. 1975.

1944,
until

<•• '"•■

.

of

able
,

an

Lockheed Aircraft Corp.—50-Cent Dividend—

•
T

;\""vJ■

The

the

the legality of trading on a
stock proposed to be issued by

voluntary

a.

27,

operative

{After, adjustment

..

'Liabilities—"VT" loan

?

■

public

to

as

common

under

Co.

June

recently declared

stock,

similar

A

29,

plan approved by the
11(e) of the Public

directors

common

17.

28,

$1,

par

Oct.

4

and

a

dividend

of 50

cents per

share

on

payable June 30 to holders of record June
on April
10, last, and on March

w:as -.made

distribution

Dec.

1943.—V.

28,

159,

p.

1765.

pursuant to Section

1944,

May 27,

on

Act on
made not

■

opinion

my

the

in

made

Light Co.. prior to enforce¬
the Public : Utility Holding

of

specifically

was

7

appropriate U. S. District Court. '••

an

basis

June

$357,186-"

and on hand, $1,152,277; U. S. war and de¬
$105,000; accounts receivable (less reserve for
$20,636), $1,140,522; merchandise inventories,
$1,232,438; investments, $32,500;' other assets, $91,597; fixed assets,
$1,378,943; patents, $2; deferred charges, $50,897; total, $5,184,175.
•>

'

You

Lockport & Newfane Power & Water Supply Co.—Re¬

hearing

the registration and prospectus provisions of
the Securities Act of 1933 by virtue of Section 3(a)
(10) of that Act.

286,837

.

$5, 767,030

bonds,; series G,

doubtful

have inquired specifically
whether the Commission's order approving the plan resulted in exempt¬
such

for

Assets—Cash

violation: of Section 5 of the Se¬
was
approved by , the: Commission

Holding

order

requested

Laclede

ing

-

.

$5,442,030

renegotiation,
tBefore renegotiation.
for Federal taxes on income,,

fense

When-Issued

on

>

Gas

11(e)

be

The

Commission's

Commission

Federal

before

t

2470.'

p.

to its Corporation Finance
trading .over the counter, in

Counsel

Utility Holding Company Act of 1935.

17,165

300,795

—

Opinion

when-issued

of The Laclede

under

1933.'

enforcement

The

208,477
"

Chicago Stenotype School,
resident .evening school,
9 W.; Washington St..
the principal cities of the

Commision

Cashion,
that

1935

of

when-issued

316,926

18,596

—

H.

stock

of

Section

"You

14.8,167

408,605

—

—

in

-

!f' The text, of the opinion follows:

421,870

212,014

♦

;

profits tax

excess

income

its

•

-

29,'44 ♦Feb. 28, *43 tFeb 28, '43

profit

$5,004

at

maintained."—V; -158,

are

Exchange

effect

plan

Act

Act

the

but

the

its

curities

;

on

.♦After

"r

the

Building

Offices

sales

and

Net

Accounting.-a

•

common

of

Company

$4,457,747
2,166,669

181,715

_

Depreciation

office,

of

Stenotype

Canada

and

Edward

to

new

ment

,

443,345

Maintenance

by

•Division,

1942 -i

1943

sales

School

in'the

Twenty-two

.opinion

payable,

Kentucky & West Virginia Power Co., Inc.—Earnings
'

district

Salle

Securities

under

'

La

States

The

./•

■

407,186

taxes

i

,

Provision

•••:..••■

Trading—
.

;■

1,325,256

Federal

contingencies

two-story

Laclede Gas Light Co.—SEC

-

accrued

$545,875;

continue

Chicago.

$2,734,267; dividend payable, Jan. 3,
payrolls, miscellaneous taxes, etc., $589,180;
reserves for estimated U. S. and foreign government taxes on
income-,
$5,578,806; capital stock ($1 par), $2,201,000; capital surplus, $1,810,'387; earned surplus, $12,141,387; cost of 17,500 shares held in treasury;
Dr$630,000; total, $24,970,902.—V. 157, p. 43.
Liabilities—Accounts

1944,

Chicago

the

will

for

reserves

1943

buildings

sold—the

and

customers

discounts and doubtful items),
$2,024,152; other accounts receivable, $263,738; inventories, $10,345,266;
land not used in operations, $92,900; special deposit, land contracts,
etc., $33,639; post-war refund of U. S. excess profits tax, $130,000;
land, buildings, machinery and equipment, at cost (less reserves for
depreciation
of $9,888,795), $6,294,518; deferred
charges, $438,695;
patents, 'trade-marks and goodwill, $1; total, $24,970,902.
(less

receivable

accounts

;/

two

been

"Our

U. S. treasury tax

$4,017,998;

hand,

on

and

Canadian

$1,000,000;

notes,

Feb.

before

profit

'

heretofore owned and : occupiedVby La-Salle
building at 4046
Michigan to the
Catholic Bishop of Chicago for a
high school,- and the three-story
structure
at, 4101
S,
Michigan
to
the City- of Chicago Board
of
Education, to be used as a public school for;l,600 pupils.,.

(Inch all Subs.)

31, 1943

Dec.

"The

have

^
Sheet,

Balance

Consolidated

our

activities.
.!'

excess

profits tax.

for

income

'

remodeling program, we will ; occupy the-entire'build¬
headquarters'- offices
and
correspondence v training

$50,000

§

ing

—■

expenses

fAfter

1942.

Provision for
Net

————

share

per

•,-••,:■

$8,019,670

Chicago. La Salle, has purchased for cash the' 11-story.and basement
Plymouth Building at 417 S. Dearborn St.; in ; downtown) Chicago.

$2,933,825

$3,183,349

-

—

—

\- r-.

G.

♦den-* 919

f4,683,212

1944

•

.

.

Lionel Corp.—Earnings—

;

3,100,561

——

—'

profit

Net

'

income

on

•>'.

.

After

Prov.

a

taxes_i.x..—$450,827; ";.$176,016
sharei---*--—"•
$1.06
$0.41

per

43,937,599

55,517,818

products sold and sell. & admin, exps.
for estimated U. S. and
Foreign Govt.

♦Cost of

paid, plus
1448.

was
p.

(& Subs.)—Earnings—

March 31—
income -after., charges and

Net

Extension University, Chicago—Expansion—

Salle

La

June

on

year-end extra dividend of 25 cents

a

quarterly of 30 cents per share, both payable June 26
record June 20.
The-company paid 30 cents quar¬

of

Quarter Ended

-

*

Total

June 15 voted

on

a

stockholders

Dividend—

terly on April 6, prior to which 25 cents' quarterly
25-cenV year-end'dividend on June 30, 1943.—'V. 159,

'.

14 announced that it has contracted through
subsidiary, Kreuger Brewery Co. .of Delaware;;,for the purchase of
plant and facilities of Delmarva Brewing Co., of Wilmington, Del.—

The

(Including All Subsidiary
less discounts,

company's

Line Material Co.

v' Kellogg: Co.—Earnings—

the

increases,

.

,

»

to .the

add

share and

per

-to

(G.) Krueger Brewing Co.—Subsidiary Expands—

Sales

will

These

Lehman Corp;—To Pay Extra

$9,609,616 $47,731,351 $46,068,680

$10,080,601

—V.

increase

from

See

"I shall speak only of when-issued trading over the counter, because
when-issued trading on a national securities exchange is,; subject to

Write-Offs Asked—

on

;

Niagara, Lockport & Ontario Power Co. below.—V. 159, p. 2199.

,.

'

.

Operating income

Other

I

Gross-income

t

Deductions
Net

—-I-

—■

Preferred

'525,416

48,120

i

i_

334,553

217.459

*

"The

1942

amounts

have

Federal

of

reduced, in
Revenue
Code,
by

Internal

$45,401

for

and

1943

by
companies.

for

1942

that

the

credits

amounting

available

return

with

$52,032;

cash,
certificates, $250,000;

customers'

instalment

to

accounts

no

to

'

accounts

for

and

notes

(not

current),

,

of

$802,000;

common stock (par $25), $13,345,525;
329; total, $16,677,114.—V. 122, p. 2495.

earned

;•

or

other

such

Statement

of

Income

for

the

Years

Dec.

Operation
Maintenance
Federal

income

♦Federal
Other

after

a

,

hearing

by law
\

this order shall

'That

provided

transactions

of

proposed

Deductions

Loss

f

.

"Consequently,

64,356

Section

79,446

broker
or

interstate

of

'when

issued'
5

51,165
59,678

"I

95,865

Circuit

prior

plan

sell

plan.

court

to

as

—-

to

enforcement

Act

of

1933.

sell

of" the
This

plan

.

will

sell

that in

my

Appeals

opinion

from

the

♦$2,593,419

$15,047

$1,290,686

"V

:

and

property,

equipment

■'

$146,952,194;

improvements

leased property,

$11,790,743; deposits in lieu of mortgaged property
miscellaneous physical property, $1,413,278; other in¬

$965,600;

railroad

crossing

cash, $3,420,348; temporary cash investments (in¬

retirement

and

stock

eliminations

$39,936,000;

service

paid

funded

taxes in 1944 of $172,581), $1,672,-

unemployment

,

insurance—taxes—com-

(par $50), $54,991,386; portion of grade
for by government, $15,033,543; long-term
of companies whose properties have
.

debt

audited accounts and wages payable,
payable, $78,884; interest matured

$3,197,362;

accounts

miscellaneous

unpaid,
rents

the taking of an appeal to
order of the District Court

balances—Cr,

$2,431,506;

.

of

$1,104,442
2,395,128

acquired by the Long Island RR. Co., $315,000; equipment trust
obligations, $174,000; Pennsylvania RR. Co. due it for advances, $8,000,000; advances from State of N. Y., $4,698,609; traffic and car-

violate

applies .also

add

to

336,561

52,374,704
2,389,750

been
common

any

Court

Assets—Road

debt,

sells

a

371,967

General Balance Sheet, Dec. 31, 1943

Liabilities—Capital
:

•

,

Laclede

new

to

the
as

might

Securities

offer

$767,881

1,238,584

and employees, $399,286; net balance receivable from agents and
conductors, $868,686;
miscellaneous accounts receivable. $2,765,004;
.material and supplies, $1,638,622;. interest and dividends receivable,
$6,616; other current assets, $284; deferred assets, $2,030,555; unad¬
justed debits, $1,085,356; total, $175,600,553.
,
■ %

the terms

or

$2,002,737

rpany

dealer who makes use of the mails or any means
to

-

581;

to

result of the solicitation of a customer's order,
'when Issued' on an agency basis, v ".
:'

of

who,

offers

48,890
65,844

any

commerce

1,073,907

$3,736,092

v:

cludes-reserve fund for payment of

new

enforcing the

District Court order

-.-a

1942 4

the

of

1,151,728

2,381,257

profit & loss.

'

vestments, $591,401;

enter

exchange

1,228,856
1,047,244

income

gross

,

sold,

and conditions of the- is¬
Laclede common have as yet been
,'approved' .within the meaning of Section 3(a) (10) of the. Securities
Act of 1933.
Such Approval" will" not occur until" the date of entry of
and

1,494,843

,$4,974,676

transferred to

.

on

appropriate Federal district court shall, upon appli¬
an order enforcing such plan.'. In view of .this

an

cannot "be said that

it

from

4,061,303

1,092,838

;

♦Profit.

...<

the

income

Gross

;

to grant

-

in

$2,993,517

v

upon

be operative

not

$4,278,837

equip.—debit balance—i
facility rents—debit balance—

railway operating income—_
Non-operating income
1—--

at which all persons to whom
exchange shall have the right

»

thereto,

610,685

—1'_„

tax—

approved,

$6,323,773

income-,.

Net

by any official or agency of the United
Territorial banking or insurance commission

consummation

until

cation

107,957

profits

are

19,784,572
$7,054,826

of

Joint

or

by any State or

amended

80,312

taxes

excess

exchange

court,

any

the

55,627

taxes

by

authorize

635,416

~

.

and

specifically

$1,102,660

-

—

Depreciation

Hire

.

$1,140,713
—

—

mails

,

26,296,765 (
$8,669,960
4,391,123

30,906,086

railway operations $12,071,643

Railway operating

"In my opinion the terms and conditions of the issuance and ex¬
change of a security are not 'approved' within the meaning of Section
(10) until completion of the total process of approval required
in the particular- case.
The Commision's order, approving the. Laclede

,plan

aid

31

v

$42,977,728 $34,966,725 $26,839,398

Tax accruals

.

:
1943

r"

...

governmental authority expressly-authorized

provision,

Ended

(electric)

revenue

5

approval.'

suance

Operating

the

1941

1942

5,747,870

Net revs, from

■3(a)

$602,-

Kingsport Utilities, Inc.—Earnings—

through

re.venues____,—_

Railway operating expenses—^—__

and partly for cash, where, the terms and conditions

issuance

appear,

or

$100),

surplus,

security

'•

Statement, Year Ended Dec. 31
1943

"Railway operating

which is issued in exchange for one or more bona
securities, claims or property interests,
or
partly

.States,-

on preferred stock, $12,030; other current and accrued
$2,008; customers' advances for construction, $51,607; other

in

any-

from the provisions of Section

such

to

(dividend declared

credits. $19; reserves (net), $2,077,978; contributions
construction, $4,416; 6%
cumulative preferred stock (par

•

such exchange

in
of

f

deferred

sell

.the fairness of such terms and conditions
it is proposed to issue securities in such

Liabilities-—Funded debt, $8,499,000;
accounts payable
(general),
$77,599; accounts payable (associated companies), $134,467; customers'
deposits, $73,145; interest accrued, $123,765; taxes, accrued, $871,226;

liabilities,

to

offer

or

security
outstanding

'Any

taxes, etc., $13,987;
$5,733; deferred debits,

$286,121; total, $16,677,114.

sell

Income

Calendar Years

"

jfide

prepaid insurance,

receivable

shall

person

exempts
"

;

accounts,

receivables),

resale, $1,438;

Exchange

interstate commerce unless a registration. statement as to that
in effect with this Commission and a specified form o;
prospectus" is used.
Section 3(a) (10) of the Securities'Act. of 1933

$348,376;
customers'
merchandise
'instalment
receivables,
$2,062;
miscellaneous
accounts
receivables,
$9,629; materials and supplies for operations and construction, $241,757;
merchandise

Securities

the

and Regulation

'security is

Treasury
(excluding mer¬

receivable

that Act

in

.or

the

affiliated

Sheet, Dec. 31, 1943

plant,

$14,353,277; investment and fund
$1,093,711; working funds,
$18,990;
U. S.

chandise

1943 and
of the

provisions

became

consolidated

in. a

Balance

Assets—Utility

for the years

tax

accordance with
debt retirement

$33,661

participation

company

profits

excess

been

under

Regulation .X-12D3

Under

1934.

registration of a security
for when-issued trading on an exchange is subject to various condi¬
tions in addition to compliance with the Securities Act: of ,1933.
"It is my opinion that the exexmption afforded byJSection 3(a)
(10)
of the Securities Act of 1933 will not be available for any whenrissued
"Sales or offers to sell-until the date the plan is enforced by the ap¬
propriate United States District Court pursuant to Section 11(e) of
the Public Utility Holding Company Act of 1935,
>
"Section 5 of the Securities Act of 1933 provides in substance that

$317,449

i_~—52,130

:

dividends

of

Act

$842,865

462,300

Long Island RR. Co,—Annual Report—

•

Commission's

the

1,228

$393,533

t

,■■

J'

dividends

$841,636

$855,833

.

(net)

income

Common

$852,125
3,708

—

income

the

ties,

en¬

$32,058;" unmatured interest accrued,
$598,416;
unmatured
accrued, $19,102; tax liability, $2,037,470; other current liabili¬
$2,262;
deferred liabilities, $781,659;
unadjusted credits, $30,-

838,720;

surplus,

the plan, or the institution of further'review proceedings in
the Supreme Court of the United States, would not render unavailable

$12,434,576;

total,

$175,600,553.—V.

159,

p.

2305.

-

forcing

Operating
Other

income

L'_

income

$146,667

■___

$141,464

2,246

1,268

$148,913

$142,731

53,376

the

53,169

hence

Deductions
Net

:

_■

Preferred

$95,538

dividends

.♦The amounts

of Federal

excess

profits

30,000
"

66,000

30,000

in

a

consolidated

return

with

affiliated

—V.

Utility

accounts

$23,067;
(net),

$2°898

pending

appeal."—V.

the

Period End.

159,

revenues

Operating

.

$1,044,000;

accounts

payable

Ltd.—Earnings—

/

—

159, p. 352.

.

,

:

expenses

contributions

(5,000

no

in

aid

par

of construction, $182; $6
shares), $500,000; common

$500'00°: earned surplus, $29,857;




total,

oper.

$10,702,355

6,827,366

5,485,973

82,756

1,255,302

945,613

63,990

136,049

.

*0461,300
47,234

:

452,204

i

753,234

765,391

112,654

1,337,315

1,231,783

$766,608

$157,604

$2,677,895

241

255

Drl64

$2,273,595
24,448

$157,859

$2,677,731

$2,298,043

79,537

1,994,540

948,047

$78,322

$683,191

$1,349,996

'

*

res.

revenues

.

Other

■

income

Privately—The

Gross

has placed privately with an institutional pur¬

Interest

(net)—,.,

..

Net
Divs.

granted

.

Lautaro

...

Nitrate

"

Co., Ltd.—Interest—

-

-

,

•

♦In

;

30.

1944.

on

due Dec. 31.

,

1975,

.Lehigh Valley RR.—Gross Earns/Rise—Net Declines
The traffic volume

of this road continues to grow,

applicable
an

order

the

-780,788

_

-

to

pfd.

dated

stock

March

foj .period
30,

1944,

••.

the Federal

356,532
Power

356,532
Commission

permission to dispose of unamortized debt,dis¬
interest and redemption premium asso¬
mortgage gold bonds, 5% series due Dec. 1, 1957,
refunded in April, 1944, by charging income with $750,000 for the estimated saving in Federal excess profits taxes arising from the re¬
funding transactions and to dispose of the remaining $376,262 over a
company

count

.

first mortgage income bonds,
to holders of record June 20. 1944.—V. 158, p. 2582.
June

$766,849

$66,061

and

ciated

\

Payment of interest amounting to $10 per $1,000 bond will be made
on

jn

charges

income

$1,000,000 3%% debentures due in 1956. Proceeds of the
issue will be used for general corporate purposes.—

2417.

income

'■

V. 159, p.

(associated

stock

Net

1944—12 Mos.—1943

$869,208 $12,851,112

509,171

taxes

taxes

$997,762

-

Property retirement
appropriation

chaser, through Merrill Lynch, Pierce, Fenner & Beane,

(general),

cos.), $25,601; customers' de¬
$11,520; taxes accrued, $196,460;
liabilities, $689; deferred credits, $344; re¬

Other

Mar. 31,'44 ^Dec. 31,'43
$326,854
$459,840
$0.16
$0.23
'
; ' ' *
" '
\

1944—Month—1943

April 30—

Operating

•

Lane Bryant, Inc.—Debentures Placed

companies.

accrued,

accrued

$548,736;

preferred

612—V

debt,

payable

interest

current -and

cumulative

stayed

t

BjU§nce Sheet, Dec. 31, 1943

labilities—Funded

other

were

'

by

plant7»2,031,502;
investment
and
fund
accounts,
$116,340; cash, $443,247; working funds, $3,500; U. S.
Treasury cer¬
tificates, $100,000; customers accounts receivable
(excluding merehandise instalment
receivables), $77,602; customers merchandise instal¬
ment
receivables, $4,552; associated companies accounts
receivables,
$4; miscellaneous accounts receivables,
$2,817; materials and supplies
for operations and
construction, $72,986; merchandise for resale, $209;
prepaid Insurance, taxes, etc., $25,695; accounts
receivable (not curr.)
$381; deferred debits, $19,777; total, $2,898,612.

serves

court

Net, profit after all chargesEarnings per share—

company

;

posits,

lower

Quarters Ended:;

j

tax

company

$18,156

the

Lake Shore Mines,

for the years 1943 and
.1942 have been reduced, in accordance with the
provisions, of the
Internal'Revenue Code, by debt retirement credits
amounting to $7,316
for 1943 and $6,337 for 1942 that became
available to the

Assets

of

3(a)

2417."

p

$89,563

30,000

~

dividends

participation

would

order

Section

under

Federal

income

Common

■

Louisiana Power & Light Co.—Earnings-

(10) of the Securities Act, and
not affect the legality of when-issued trading, unless the

exemption

with the

duplicate

expense,

first

three-year period from date as of which the refunding transactions are
completed by equal monthly charges to account 531, amortization of
debt discount and expense.—V. 159, p. 1865.

with Government

agencies exercising a dominant influence in operations, R. W. Brown,
President, told stockholders last month at their 90th annual meeting.
For the first quarter of this year, he said, gross revenues £ were up
13Vz% over the similar period of 1943, but net income declined more

Louisville Gas & Electric Co.
The
on

directors

on

June

»<

■■

company's operating expenses almost
together with increases granted
payrolls a total of $8,155,000 in
1944.
Against this, the advance in freight rates which was authorized
by the Interstate Commerce Commission early in 1942, but suspended
as
of May 15, 1943, has been further suspended: to the end of the
present year."
See also V. 159, p. 2305.V
^
6
in

-v.-''-

'

'

•*"

agencies, 'based

Government

"will

'••$4,000,000 annually.

1

the

on

of

stated,

'■■

/-.o'.;

with employees or. due
on
1943payrolls," Mr.,

from, agreements

resulting

wages,

to : awards

to inspect
is said to

company-

(S. II.) Kress & Co.—May Sales Up 4.9%— vv
Period End! May 31—
1944—Month—1943
1944—5 Mos.—1943

par $1, payable July
of 15 cents each were

July 28 and Oct. 28, 15 cents
—V. 159, p, 1764.

Calif.,

concern."

effect,, increased)wages

higher, income-tax .accruals.

"Higher

The directors

25-cents per share

of

'

stock, par $1, payable June 22 to holders of record.June-: 15.
Distribu¬
tions of 30 cents each were made on June 17 and Dec. 18, last year.—•

,

.

Inc.—25c Dividend

Department Stores,

Kaufmann
A

stock,

1764.

total, $8,992,247.—V. 159, p.

$5,646;

Kinner

small stock holding in the Kinner company.—V.

a

A

Angeles,

Los

the

of

Knott

$34,430
customers' advances tor-construction),
$2,138,039;
contributions in aid of construction,'

(including

$40,115;

have

of

Co.,

books

the

$5),

(par

and

»«
.

Liabilities—Cumulative
stock

Calif.—Inspection Asked

Monday, June 19, 1944
than 50%, reflecting lower freight rates now in

•

It. is reported that this corporation has received notification r6f' a
request that an agent or representative of. "Spring
& Montgomery,

,

mon

♦

9

declared

a

(Del.)—Dividends—

dividend

of

25

cents

per

the class B common stock and the usual quarterly dividend of

'

share

37^

,

Volume 159
cents

holders

25,

share

per
of

Number 4291

record

last.

the class A

on

June

Dividends
stock

common

1943.—V.

159,

19,

of

cents

27,

stock, both payable June 26 to

common

Similar

25

Jan.

on

THE COMMERCIAL & FINANCIAL CHRONICLE

distributions

share

per

March

25,

June

paid

25,

Sept.

-

.

$2,873,810

—

$2,799,717
1,608,836

incomeand

—

10,135

the

8,226

—

year

Dividends paid

$402,678

-

post-war

credit

of

$1,050

in

and

$12,200

Balance

Sheet, Dec. 31, 1943

'ftyftft

receivable, $237,114; accounts receivable from affiliated
panies,-$799; other accounts receivable, $21,647; inventories, at
penses.

less,

or

$4,378;

$10,504,002.

$283,674;

post-war

insurance

prepaid

refunds,

profits
".

excess

,
.

•V Liabilities—Accounts

payable

affiliated

to

and

$699.37'

taxes,

in

6ft

companies,

in

voted

to

a

of

the

Utility

income

$36,234;

the

return

to

Leopold H.

June

on

part

other

is

of

the

and

capital

various

159,

stock

notes

of

the

Luscombe

Airplane

face-value

a

of

Corp.,

for

The

improvements

to

the

company's

bondholders'

committee

depositary.—V. 158,

annual

Net

report has been

1943

net

amount

same

of

(Exclusive

of

of

Net

Realized

for

and

6

Months

for

Total

Cash

Unrealized

Profit

May

31,

Loss

or

miscei.

tax__.

;

Other

10,343

—

Total

324

stockholders

depreciation

of

86,780

86,252

269,353

261,658

subs.
850

596

835

620,000

824,343

*"2,358,000

547,943

contingencies,,—

411,491

$1,664,383
60,526

$1,389,096

—

income

the

taxes

300,000

year—a

—$1,815,573
pfd, stock
52,896

cum.

deducting
in

1943

debt

and

retirement. credit

post-war refund

of

credit

$219,240

of

151,903
1944

and

1944

in

$219,016

and

in

Sheet, Jan, 31

'■^U.

S.

Government

tAccounts

$6,782,942

158,500

163,500

—

securities-

J

4,321,568

4,897,009

7,691,302

7,282,128

receivable
—J

———„—

Other assets
Deferred

552,760

—

charges

546,805

1,957,253

(less

Investments

in

reserves)-—————
and amounts receivable from

wholly-owned real estate companies
.solidated)
—J————

323,069

587,464

2,228,656

———_———

Fixed assets

$4,071,614

1943

$7,099,738
——

_

(not con-

Goodwill

(at

Sheet

value

value

over

and

the

value

have

investment

securities

on

thereof

in

154,517

147,365

Accounts

extra

an

for

16,757

$2,444,177

45,664

60,072

55,446

$5,200,854

disbursed

P.

April

& L—

Traffic

and

in

Agents'

and

$1,340,553

50

last,

Jan. 3, 1944.—V. 158, p. 1071.

Other

3,253,624

2,965,664

6,759

483

.

39,576

The directors on June 8

.

the

on

outstanding

holders

170,855

1,030,424

.

____

:-ft''""

,

$22,368,588 $22,224,112

-

' '-ft

National Enameling &

60,25.9

1,251,926

1,188,617

;

Dr750,869

of

March

last.

31,

1042.

declared
This

19.

50 cents;

in

compares

1943

were

Sept. 28, 75

.ft,; ftft"

'.,:.•

dividend of 62'/2

a

cents per share
payable June 30 to

stock, no par value,

common

June

Payments

June 30,

cents;
p.

record

■•'.•■ '■'

'•

Stamping Co.—62 Vz-Cent Div.

-ft

■.

as

50 cents
follows:
March

with

,

National Gas & Electric Corp.

construction

and

(& Subs.)—Earnings-

payable.

174,255

accrued

Wisconsin

liabilities.

liabilities

Maintenance

Federal

w——

21,691

17,525
40,516

26,330

25,772

$178,389

$191,017

-

taxes———-..—.J—

.ft Utility operating income——

398,437

44,190

—

——

income

1943

$673,267

$784,614
'■>' 514,014

...

•

•'.Taxes," general

958,614

230,354

184,963

Other income

Gross

—

(net)————

income

3,913

5,973

$182,301

—_——,

$196,990

"Provision for retirements and depletion—..
Income

200,519

20,553,291

;

revenues

637,174

1,139,150
1,024,276

Operating

4,887

612,196

Ry

for taxes..

credits

160,702

4,887

Central

1944

12,603,400

612,654
171,107,660 165,014,521
1,767,648
2,475,035
2,791,434
2,231,368

payable:

wages

accounts

25,206,800

paid on
37V2

31,

cents, and Dec. 24, $1.—V. 159,
■'•ft.;:
••
"ft ■ V;"
:
•

3 Months Ended March 31—.

of

current

Unadjusted

906,475

12,603,400

rents

of

Deferred

of

;'ft'ft/ftft/.ft:ft

467,825

1,139,339

receivable—ft

.—————

ft.

366,713

592,407

25,206,800

accounts

Provision

record

and one

432

348,628

balances

5,559,244

Drll9,463

S. Treasury tax notes applied in reduction of tax liabilities
$4,229,000 in 1944 and $735,000 in 1943.
tLess reserve for doubtful
accounts of $475,421 in 1944 and $442,652 in 1943.
JRepresented by
488,375 shares of no par value.—V. 159, p. 111.

——

balances——.

2,569,463

6,950,725

^Less U.

—

aid

Audited

2,786,373

_ft_.ft_—

5,719
1,827,530

4,959,448

of

319.191

stock

Unmatured

5,864
913,650

*

186,851,236 162,247,207

Grants in

the

537,650

5,014,874

i——

subsidiary companies.—

,V.- Total"

160,170

2,650,000

stock

Receiver

43,266

1,066,600

*. '•(' ~

5,004,858

-

—865,017

:

—

—

'

on

^

Bonds, notes, etc., & interest
Equipment obligations and interest-

per

45,000

42,530

—————

stock

surplus

and

167,137,032 150,635,665

receivable—

ft

debits

Liabilities

1942

)'•»>• .■,

assets—i

Preferred

quo¬

cents

.

supplies

assets

Unadjusted

Common

45,000

560,700
951,597

—

Earned surplus. —.ftftfti—ft.—__
Shares of pfd. & common stock held by parent

indebt._L_ft_———

dividends

and

Total

of

accounts

current

Deferred

1,276,426
2,368,190

debt.

Capital

$4,162,636

receivable

conductors'

and

Interest
Other

<

of

1,

6,551,367

$2,633,595

8,374,595

car-service

Miscellaneous

ft ;

702,379

Minority interest in subsidiary companies—
6ft cumul. preferred stock ($10 par)——

$2,388,731

Sheet, Dec. 31

—

—

bills

as

closing market

dividend

on

$3,911,117.
6,544,712

6,541,407

161,908

deposits
and

decrease

>

824,133

—

of trading stamps (current).
carrying charges on installment ac¬

receivable

$1,892,312

757,982

1,523,569

redemp.

counts

Funded

$2,232,808

—

taxes,

Res.

167,763

$3,971,188

—

Treasury, ctfs.

$901,550

1041.

p.

rentals,

.—_—

Res.

36,817

\

The

/ft:

on

——

wages, etc.——
for est. Fed. & State inc. taxes (net)

$5,246,518

charges

_______

was

quarterly dividend of 75 cents per share
common
stock, payable July 1 to holders of
was

fixed

—

payable
payable .(merchandise in transit).—_

$2,460,934

$4,138,951

transit

Special
Loans

closing market

based

$22,368,588 $22,224,112

Liabilities

Accounts

$5,283 336

_.—

:

of

May 81, 1944

based

declared

extra

Total

$2,313,569

charges

(excess

usual

similar

A

:

$3,984,434

deductions

Miscellaneous
directors

$2,767,163
87,180 ft; 453,593

142,243

investments

•U.'S.

132,403
of

Mead, Johnson & Co.—50-Cent Extra Dividend—

15.

After

$5,141,093

—

Cash

$129,143

tations, Dr$901,551; total, $6,398,236.—V. 159,

on

income

Consolidated Balance

1,464,717

Crl40,953

Assets—

312

ft'ft

Cash

investments

par

61,225

$90,117 in 1943.

$4,231,880

1,569,512

1943

payable and accrued taxes, $29,128; distribu¬
tion payable June 15, 1944, $66,204; capital stock (par. 10 cents).,
$110,340;
paid-in
surplus,
$8,466,311; distribution account balance
(representing income surplus), $5,865; security profit and loss account
(computed on the basis of identifying the cost of specific certificates
delivered against each side), Dr$l,378,062; excess of
specific certificate

June

*

$171,883

74,285

680,700
3,944,300

for

Inventories

$5,000,140

Balance

Liabilities—Accounts

$1.25

$3,410,127

1

fixed

Material

'no

1,999,112

profits taxes.;——

Divs. pd. on 6ft

<

$5,641,126

ft.

Net deficit transf. to

quotations),
$5,737,954; cash on demand deposit with custodian, $622,593; dividends
and
interest receiable, $37,689;
furniture and fixtures
(at nominal
value),,$1; total, $6,398,236.

share

in

paid)—,.

for

JCommon

;

—

distributions to

The

$7,169,164

255,025

State

excess

Profit

4ft

1,815 912

—:

before

Fixed charges

-

capital stock tax

Balance

-ft

mortgage

1941

24,812

;

income

of

$3,335,842

____

divs.

Unearned

Investment)

on

taxes

Assets—Investments

cost

$4,945,558
53,554

deprec. and amort, of

and

Federal

$6,816,051

income

oper.

$164,934

..cost over value based on closing market quotations)
•'.at May 31, 1944 and $1,833,047 as at Nov. 30, 1943.
unrealized depreciation for the
period was $931,496.

.

for

int.

(incl.
Federal

1944

—

income

Federal

Note—Unrealized

•'

refunding

1942

89,185

assets

Minority

plant.

1943

*.r__

income

Income

"

t

railway

Balance

j

Ended

taxexs)

Federal

Miscellaneous
Net

fixed

Accrued

year

__

Provision

$7,079,979

—.ft—.

Provision

Years Ended Dec. 31

income

payable

Total other income

profit, before income

Income

(other than

Provision

and

1943

$55,821,228 $50,316,295
50,875,670
46,980,453

57,154,683

ft——

.Interest

in

as

"prior

Income

Expenses

1944

,

Total ' ft———

,

V

delayed

Maryland Fund, Inc.—Earnings—
Statement

operating

rents

Total

benefit

a

$100,000 jointly to
Vineland and the Bur¬

company's

of

(& Subs.)—Annual

etc.—— $64,234,662

profit

p. 2471.

—

taxes, was approxi¬
1942, but because the company did not
losses" its net profit after taxes
decline, Mr. Higbie said.—V. 139, p. 1407.

mately the
showed

first

for

Net revs, from railway operat:
Railway tax accruals

Trenton,
$600.000.—

stockholders.

the

Water

to

640.

p.

ft, It is believed the
have

of

A% : 1942
Railway operating revenues
$26,444,158 $22,718,022 $19,731,911
Railway operating expenses—__—
19,628,107
17,076,896
15,500,031

j,

pending a decision
on amortization of
capital assets acquired specifically to fabricate cer¬
tain special war
contracts, Bradley Higbie, President, stated in a letter

to

System's gross billings for May amounted
of 41.1ft over the corresponding month

1766,

p.

Other income

5,

Railway

•

bond

Hospital,

-:.ft ft:

McAleer Mfg. Co.—Annual Report
Delayed—

•

111.

p.

1944

of

approximately

of

Minneapolis, St. Paul & Sault Ste. Marie Ry.- -Annual
Report— rv.ft:'.': ftyft'::^.'ft
Sy.

P.

having

159,

;

Cash

Klotz, of Trenton, N. J., and New York
City, and to the North American Investing Co., Inc., of 74,000 shares

V.

159,

Sales, net of returns,

gold, bonds, -constituted under the deposit agreement dated
1923, as amended, has, pursuant to the provisions of the said
agreement, elected to terminate the said agreement as of May 1, 1944.
The City Bank Farmers Trust Co., 22 William
St,, New York, N. Y.,

Oct.

announced

9

increase

an

Years Ended Jan. 31—

Commisioners of New Jersey
the company for permission to

debenture

Income Account,

Markham

below.—V.

'

50-year

'

Corp.—Stock Returned—
E.

(Inc.)

Report—

■Gross

Public

application

10-year

Millville

The

total,

payable, $28,124; accrued taxes, $310,846; accrued payroll and
expenses,
$20,149;
consumers'
deposits, $67,671; reserves for
depreciation, $2,013,027; insurance reserve, $11,331; contributions and
deposits for extensions, $57,667; capital stock (par value $25 per
share), $4,186,400; premium on capital stock, $1,891,266; earned sur¬
plus, $1,881,287; total, $10,504,002.—V. 159, p. 217.

Property Custodian James

Broadcasting

year.—V.

■Provision

other

Alien

Co.

National Department Stores Corp.

change the authorized 6,000 shares

Minneapolis & St. Louis RR.—Agreement Terminated

ex¬

;

.

Utilities

com¬

other

ft.

Mutual

$1,525,000,

Of the proceeds of the bond, $50,000 will be used to
liquidate a
-promissory note bearing 6% interest and $50,000 will be used to pay

;

accounts

Luscombe Airplane

""

represented

Board

approved

aver¬

$16,450;

y

NJ

PA

.

Assets—Property, plant and equipment, $9,545,224; cash in banks
and on hand, $294,715; U. S.
Treasury notes, tax series C, $100,000;
accounts

NY

Mutual Broadcasting Co.—Billings Up 41.1%—

the Training School at
lington County Hospital at Mount Holly,
The water company is one
of
several .utilities bequeathed to the three institutions
by the late
R. D.Wood.
'••V'.vv;
:
'
ft'ft - '.ft

510,740

1943

State

issue

$467,648

410,267

—-.

have

stock,

par

recently

1942,

cost

See

'.

Millville Water Co.—Debentures Authorized—

$471,026
3,377

the

age

Mohawk Valley Co.—Two Issues Called For
Payment

re¬

years,

Cost of merchandise sold & op. exp.

.

$410,904

—

deducting

25

in

places
three

by 3,000 shares of common A and
3,000 shares of common B,
into 18,000 no-par common shares by
exchanging three no-par shares for each share of $100 par value.

97,525

664

stockholders

$100

The

for

due

plan
first

thereafter

The

of

$457,623
13,403

.—;—

———

•

218,653

$410,240

income.

operating and other income
Interest charges
income

the

'

417,076

217,339

„

Net

"•■■After

bonds,

The

for

Millbury Woolen Co. (Mass.)—Stock Split-Up—

'

Net

mortgage

interest.

common

last

391,656

surtax-:

^Federal excess profits tax—_————
Other income

new

2523

1942

Operating expenses
than Federal
Federal normal income tax

operating

4%

or

the

on

first

new

3%%

dividends

on

of

certain sinking fund requirements must be met before
can' be made.
Court approval, as well as consent of the
security holders, must be obtained before the plan becomes operative.
—V. 122, p. 3340.

Earnings—

1,844,439

operating revenue—

Net

and

either

carry

strictions

Dec.' 23,

and

to

years,

B

1943

'Taxes, other

,y

class

$580,000

concern

■payments

Lowell Electric Light Corp.
Gross

25

March

on

the

on

2084.

p.

Years Ended Dec. 31—

■

made

were

were

Chicago

1,007,849

95,319

103,843

deductions

28,526

Non-recurring income

(net)

90,000

...

30,155
■

J3r50,318,725Dr49,096,669

Melville Shoe Corp.—May Sales Off 2.2%—

•

Net

?

Total

,

Period End. May 31—
Sales

at

—V.

1944—Month—1943

retail—

159,

$3,212,674

1975.

p.

v

$3,285,496 $14,429,320 $15,829,570
•

.

ft;*

;

To Transfer

Metropolitan Edison Co.—Bonds Called—
See

NY

PA

NJ

Utilities

Co.

(Inc.)

below.—V, 159,

Commission

The

Mexican Light & Power Co.,

<

Ltd.—Earnings—

'

Month of January—«

Operating
1

Net

In

and

on

5ft

the

1943

the

697,027

622,430

provisions

of

the

amount

trust

Interest

at

the close of business

the

rate

of

£5

on

on

each

June 9,

bonds

presentation of coupon No. 3-X

on

be

known

159, p.

Interstate

the

as

deed

£100

on

and

Other

Minneapolis,

St.

a

bond,

and

£2

10s.

mortgagq
1944, at

$857,733

*

456,325

-1943

&

146,097

taxes

Net

oper.

105,023

revenues-

57,102.

63,901

753,237

61,000

80,000

884,000

$9,223,260
5,212,875
660,311
:

794,353

'

"

$137,209

$158,236

$1,491,113

$1,709,054

63

3,882

667

Divs.
—V.

-

.......

$137,750

$158,299

$1,494,995

——__

89,213

73,930

; 966,251

914,524

$84,369
for period

$528,744

$795,197

396,978

403,608

income

$48,537

applicable to. pfd. stock
p. 2306.

$1,709,721

159,

1

Monongahela West Penn Public Service Co. (& Subs.)
Earnings—
.
ft),
'••
;•
•
.

Period End. Mar, 31—

sented
The

the

to

plan

Federal

District

Court

in

Kansas

City by the trustee.

$4,365,907,

expenses

$10

ing 50ft
The

par

proposes

common

and accrued interest to June 1, 1944.
and 7ft
preferred stocks would get

6%

common

Fed.

Other
Prov.

;

for each'share

.

the

separate

new

and

the

income..

for

depr.

&

shares

of

parent would

be

depl.

1944—12 Mos.—1943

$4,030,600 $16,255,310 $14,645,517
1,721,948
6,892,447
6,202,951
255,349
1,138,514
955,151

1,847,187
264,350
584,900

583,100

375,000
351,000
$943,470

1,790,800

375,000

1,941,100
1,495,000

350,932

1,325,068

1,236,484

1,498,500

$744,271

$3,463,181

cash on hand

$10,220,613;: investment

and

in banks,

$237,382;

U, S. Treasury bonds,

receivable
(net), $219,435; accounts receivable (subsidiary
companies) not consolidated, $858; interest receivable (subsidiary com¬
not consolidated, $2,961; merchandise, materials and supplies,
$327,972; prepayments, $44,085; deferred charges, $110,827; total, $11,-

459.078.
'

' .ft.

;••

'

■-

Liabilities—Common

stock

($5

■'

"ft:,

\

.

par), $2,241,763;' first lien collateral

trust bonds,

series A, 5ft, due Aug, 1, 1953, $2,130,035; accounts pay¬
$139,858; accounts payable (subsidiary companies) not consoli¬

able.

$2,854;

$14,028;

dividends

taxes

and amounts due security holders (contra).
accrued, including Federal income, $343,692; interest
debt, $17,750; interest accrued on unfunded debt,

■accrued on long-term

$18,146,"

other

current

and

accrued
liabilities, $12,917; consumers'
deposits, $64,891; deferred credits, $2,161;
depletion, $2,979,914; resereve for revalua¬
tion of utility plant, including
intangibles, $1,119,277; other reserves,
$24,559; contributions in aid of construction, $12,364; capital surplus,
$1,024,529;
earned surplus,
$1,310,340; total, $11,459,078.—V. 156,
service

for

line

and

p.

extension

retirement

and

2135.

National Grocers Co.,
Profit

from

Ltd.—Earnings

Provision for

Interest

1944

1943

$1,356,603

operations;

$1,377,445

depreciation of buildings & equip.

(net)

118,688

123.295

________..—

Crl4,623

Dr 29,513

profits taxes.

806,570

678,968

$445,968

...—

3,138

12,805

4,748

$942,056

$741,133

$3,475,986

$2,966,379

385,774

1,633,660

1,580,582

$528,101

$355,359

$1,842,326

$1,385,797

*"Provision for income and
Net

profit for

,

*

new

$545,668

215,447

216,916

118,341

118,341

Preferred

—V.

158,

divs.
p.

2583.

the year

on

preference shares

Dividends

on

common

127,701

shares

...

■'■Including refundable portion of
$91,993 in 1944 and $57,347 in 1943.

excess

profits

tax

amounting

to

-

Balance Sheet, March 31, 1944
Assets—Cash on hand and in banks, $650,171; Dominion of Canada
bonds, at cost, $516,888; accounts receivable (less reserve for doubtful
accounts), $1,684,349; advances on merchandise purchased, $8,648;
inventories ^less reserves), $3,136,217; deferred
charges, $46,166; re¬
fundable

Net income

excess

Dividends

$2,961,631

1,414

413,955

income

Deductions

three

merged, and
company would sell, (contracts already Jiave been
made) to a




on

taxes

Gross

owned.

subsidiaries

—

Operating income
Non-oper. income

,

Five

taxes

to eliminate

the present common, and to
give a
to present preferred stockholders.
Bondholders would get cash and new income bonds.
Under the plan,
the $838,500 of 6ft and 5ftft bonds would receive
$419,250 in cash
(50ft of the principal) and 4% 30-year income notes for the remain¬
new

.

1944—3 Mos.—1943

revenues

Maintenance

plan of reorganization for the company which operates a tele¬
phone system in northern Missouri and southern Iowa, has been pre¬

intangibles,

investments in subsidiary companies, not
other
investments,
$5,462;
sinking
funds,

v

Operating
Operating

Middle Statesr Utilities Co.—Plan Filed—
The

including

Years Ended March 31—

of The Canadian Bank

-

plant,

$121,821;

accounts

dated,
846,667

541

charges

$0,16

Sheet, March 31, 1944

pany)

1,270,271

—...

income

Gross

Interest

$71,516

$0.31

accounts, $19,563;

reserve

•

$139,933

ft

2ft. of 1951-53, $50,000; U. S. Treasury, 2y4ft, of 1956-59, $50,000;
^special cash deposits (contra), $14,028; other special deposits, $12,584;

1944—12 Mos.- -1943

$825,393 $10,219,051
418,233
5,820,430

fund

consolidated,
$21,486;

Paul

the Bank of

Scotland, 30 Bishopsgate, London, England, or at the office
of Commerce, 25 King Street
West, Toronto, or
;at their agency in New York, Exchange Place and Hanover
Street,
New York City, at the holders'
optionr; but subject to the exchange
control regulations applicable thereto.-^/*. 159,
p. 1766.

and

reoi>

;ftft ;ftV-.ft

1944—Month<

expenses —

Other income

Net

after July 1,

Assets—Utility

Com¬

properties of the road

2418.

revenues'..-

Property retirement res.
appropriation
_l__

1944.

each £50 bond will be paid in sterling to holders of second

on
;

the

to

transfer

of

holders of record at

(2)

applied

to

second

interest for the year ended Dec. 1, 1943:
(1) Interest at the rate of Is. for each £i of stock will be paid on
July 1, 1944, by check in sterling to second mortgage debenture stock¬
full

will

Marie RR—V.

Operating
Operating

$365,991

mortgage bonds and debenture stock, a payment of 5ft, as below stated, will be made on
July 1, 1944, to the
holders of the second mortgage bonds and debenture
stock, being the

•

company

Federal taxes

$329,783

supplemental

authorization

Period End. April 30—

$988,421

832,221

2d Mortgage Bonds and Debenture Stock—
with

have

managers

for

Mississippi Power & Light Co. -Earnings—

1942

$1,026,810

$265,265

accordance

securing

,ft

1944

$1,097,486

depreciation—

earnings

Interest

,

ft

•

>

from operation—.—

exps.

Consolidated Balance

;;

(Expressed in Canadian Currency)
Gross earnings

new

Sault Ste.

.?

—...

share.——___

per

Properties—

to0a reorganized company and issue new securities to effect
ganization as provided in an ICC and court-approved plan.

1865.

p.

income

Earnings
r

The reorganization

merce
-

186,851,236 162,247,208

1944—5 Mos.—1943

portion of

equipment,

excess

$2,817,568;

profits taxes, $151,577;

total,

land, buildings and

$9,011,585.

'

127,701

510,803

510,803

Liabilities—Accounts
come

and

excess

and

notes

payable,

$1,275,832;

reserve

profits taxes (less instalment payments

on

for

In¬

account of

COMMERCIAL &

THE

Monday, June 19, 1944

FINANCIAL CHRONICLE

2524

under

Earnings

—V.

158,

$54,'777
-$54,315 $245^97
t$0.06
Nil
t$0.26
958,550 shares in 1942.
' ' 1
/■; ■

2256.

p.

*04* aan

purchase from Patchogue for $1 the 490
of common stock of Atlantic Utility Service Corp. (Auscorp)
owned by Patchogue.

Co.—Earnings—

,

of

cost

567,505 t 521,219
Net profit from operations—$1,812,911
$2,013,224 $2,201,882
Other income
36,551
22,949
26,835
Total income
$1,849,461 $2,036,173 $2,228,717
Other charges
38,591
28,559
34,491
Interest charges, etc
53,339
69,417
89,942
Wisconsin income and surtax
100,818
104,812
129,800
Federal normal and surtax.-.—260,958
257,981
376,940
'■■■Federal excess profits tax...—...
843,562
930,847
845,760
548,657

admin, and gen. exps.

Selling,

profit

Net

—

share...—retirement credit and post-war

Earnings per common
debt

♦After

Comparative Balance

refund.

1943 1
$589,426
notes receivable...—931,332
Inventories
i
f.
—
2,383,832
U. S. Treasury notes—serial C—
:
846,940
Cash surrender value of life insurance.....
25,263
Investments and other assets
472,859
Trustees' sinking fund account—
...
10,314
f Property and plant assets...—__________—
5,055,237
Water rights
—
1,788,717
Prepaid expenses and deferred charges
73,351
hand—

and on

in banks
♦Accounts and

—

...

—

Total

—

——

—

1942
$599,273
1,023,486
3,185,476

due currently^

Liabilities not

_________

Reserves

Surplus

(par

$326,798
215,071
27,589
19,583

_

(J. J.) Newberry

1,357,067
8,113
10,622

1,400,000
6,300,000
2,694,726

Sales
—V.

Gas & Electric

England Power

New

Association—Output Up 3.21%—

reports number of kilowatt hours available for its
week ended June 10, 1944, as 61,942,360, compared
with
60,015,090 for the,,week ended June 12, 1943, an increase of
3.21%.
'
\
'
Comparable figure for the week ended June'3, 1944 .was 55,164,514,
Association

The

territory

of; 2.18%

the corresponding week last

over

United

States Sugar Corp.

Develop Ramie—,

West

Springfield, Mass.
the Electro-Motive

Division of General Motors Corp.
the
every unit having a'twocycle 16-cylinder oil engine.
There are two four-wheel trucks under each
unit and each truck has two traction motors.
The total weight on
drivers is 451.5 tons for the entire
four-Unit locomotive.
by

new

locomotives are

each in four units,

,

The

cludes

post-war improvement in motive power also in¬
of four 6,000 horsepower diesel passenger loco¬
with the Electro-Motive Division, and a super-steam

program for
the purchase

motives

on

order

Em?inmiy,ef 2. P'000 h°rsePower, designed by New York Central's
Engineering Department collaborating with the builder

Equipment

locomotives is expected
a
year, if materials for their construction are available
New y°rk Central today has
186 diesel switchers in service

American
within

Locomotive

Co.

Delivery

of

these

vv.?b. £ °? °rdfr- tl?e iargest number owned by any railroad.

noierfnw.Lv
power in New York
Mich

-vani59

p

and

New York City

1944

"Net

after deprec.

and tax

__I

income

1943

1942

$3,473,126

income

Net income

$3,419,710

$3,385,816

Civil

fp

recapture

for
nf

of

2419

dispute.

The amount of the

Newfane Power &

p.

the

268,400

$50,966

$103,988

to

mechanical

it is not always

reasons

alphabetical

companies in exact

arrange

they

alphabetical

always as near

are

possible.

as

Corp.—Annual Report—

,

taxes for the year

ended Dec. 31,
the company's
is being filed
Department for an increase in such base
the decrease for 1943, but to afford a

compared with $55,494 for the year
is due in part to a reduction in
tax base credit.
However, application

as

only

to

cover

base credit

increase from

$97,505

of

paid

were

to

applying to prior years.
stockholders during the year.

at the end of the year

capital

amounted to approximately

"

.

County, Texas,

stock¬
new

cooperation with the owner of

and in

Montague
adjoining prop¬

depth of about 6,300 feet. According
to
a
Schlumberger survey, three oil producing strata were found,
but for present purposes, only one of these strata was
perforated.
Although an official test has as yet not been made, it is estimated
that this one pay stratum of the well has a capacity of about 2,000
barrels of oil per day.
The company has started two other wells
drilled its first well to a

erty,

this

in
60

months

the

1943.

year

31, 1943

Year Ended Dec.

Statement

Income

profit on goods sold——
administrative and general
Provision for doubtful accounts
Selling,

;

•

—
$614,796
—456,143
3,576

Gross

write-off

within the next

paint business of the company has in¬
beyond all expectations.
Sales volume during the first four
of this year amounts to about 80% of sales for the entire
1944,

1,

Jan.

creased

should be completed

these

and

field

same

days.
Since

expenses

—;

$155,077

profit

Gross

income

Other

order, and the
that they were
Niagara, Lock-

_____________

$161,669

income

Total

Federal normal
♦Federal

excess

1_

___

,

25,403

$73,887
97,505

—

—

Dividends

Balance

V

refund of $2,822.

post-war

deducting

♦After

15,104

47,275

income tax—______________
profits tax___—
.

profit
paid

Net

f

——

—__________—______1 _——

charges

Other

6,592

1—

______

-

.

,

Sheet, Dec. 31, 1913

Aeronautics Board on

hand, $188,482; U. S. Treasury notes,
customers' notes, trade acceptances, and accounts receivable
$19,618), $99,524; other accounts receivable and advances,
$20,053;
inventories of merchandise, $163,563; prepaid expanses,

New Bedford-Fall River, Mass., with
Waterbury shall not be served on

and

the condition that

the same flights as

time,

same

*

the corporation was

Mills—Delisting Hearing—
Commission June 12 announced that
hearing would be held July 10, at the Commission's Chicago office,
upon the application of Northern Paper Mills to withdraw its common
stock
(no par) from listing and registration on The Chicago Stock
Exchange.
As reasons for the proposed
delisting the application
states that trading in the subject security on The Chicago Stock Ex¬
change has been very light; that there is additional expense to the
company and an additional load on its staff by reason of such listing;
and as of March 1, 1944 of the 85,000 authorized shares of the sub¬
ject security, 62,940 shares were outstanding and 15,718 shares were
in the treasury of the company; and further, as of that date the total
number of shareholders was 313 of whom 202 holding 49,567 shares
were domiciled
in the State of Wisconsin.—V. 156, p. 1868.
Northern Paper

The

Securities

and

Exchange

a

Electric Cp.—Earnings—
1944—Month—1943
1944—12 Mos.—1943
Operating revenues
.
$478,967
$447,967 $5,580,808 $5,243,264
Operating expenses ——
274,434 .
244,928
2,997,190 2,881,754
Federal taxes
53,156
46,881
693,889
396,700
Other taxes
46,949
49,191
529,691
542,800
Northwestern

Period

End. April 30—

retirement reserve
appropriation
Amort, of limited-term

Prop,

investments
oper.

813,644

Gross

of

Interest

300,000

25,000

300,000
23

18

$79,428
1,144

$81,967
198

$1,060,015
9,702

$1,121,992
4,228

(net)

$80,572
43,871

$82,165
34,321

$1,069,717
420,855

$1,126,220

$46,701
period-

$47,844

$648,862
334,244

$692,554
334,231

698,363

1422,882

*u

25,000

;

revs

Other income

1542,889

Quarter and $66,652 in the 1942 quarter.—V. 159

$36,000;

(less reserve

non-current receivables and advances, $15,597; investments
stock of affiliated companies (less reserve $600), $34,485;
fixtures and
equipment (less reserve for depreciation,

$52,395;
in

capital

furniture,

$8,789), $9,669;

Net

—V.

income
charges

income

pfd. stks. for
2012.

applic. to
159,

p.

1_ •'

433,666

*">■
provi¬
par),
operating deficit, $23,618; total,

trademarks, $1; total, $619,770.
accrued expenses, $130,997;
$75,500; common stock $1

Liabilities—Accounts payable and
for Federal taxes on income,
$325,000; Capital surplus, $111,891;
sion

$619,770.-^—V. 159, p. 1044.
NY PA NJ

Utilities Co.

(Inc.)—Calls Securities—
as of July 15, next, all

corporation has called for redemption
of the following outstanding issues:
The

Net

rfm'r,ra 1 inco™e taxes, etc. i ueiore deduction or
am°rtizat,lon of amount $70,711 amortized 1944 basis of
to be in the on quarter,
contract,
amounting to




264,417

$113,299

other
amended
activity.
Texas was

con¬

1150.

837 602

deduction

66,823

with action taken at the special meeting of
holders on April
3, 1944, the company has embarked upon a
activity, - namely the development and sale of petroleum and
oil products.
The charter of the corporation has since been
so
as to permit
the corporation to engage in this additional
Application for license to do business in the state of
subsequently approved.
■.
. ,
Thereupon,
the company leased 800 acres of land in

Water Supply Co. in

Bedford-Fall River.

Divs.

p

and

f498|ll5

tBefore

nroviskm

Detroit*.

Omnibus Corp. (& Subs.)—Earnings—-

Quarter Ended March 31—
Gross

New

alectrification and today uses electric
Counties in New York State

Westchester

2419d thr°Ugh the Detroit Rlver Tunnel at

65,626

277.981

accordance

In

authorized by the board to
purchase Mayflower Airlines, Inc., now in bankruptcy.
The C.A.B.
imposed these conditions: The purchase price must not exceed $10,000;
evidence of the transfer and the price paid must be filed with the
board
within
30
days after the transaction takes ■ place.—V.
159,
At

to post-war improvement in its motive power, the
New York Central System placed in experimental operation on June 12
the first of two diesel freight road locomotives of 5,400 horsepower,
it is announced.
This is a step in its program of experimentation
with various types of motive power on a competitive basis in actual
operation on different lines in the system.
>
The second diesel freight road locomotive entered operation June 14,
and after a brief trial period both locomotives will be given their first
scheduled road service on symbol freight trains between Elkhart
Ind
Built

$372,388

$300,000.

Inc.—To Extend Routes—
June 13 authorized this corporation
to conduct service between Boston
and the co-terminal points New
York-Newark via the intermediate points Worcester, Mass., Waterbury,
New

below.—V. 159, p. 2087.

Looking forward

two

$377,716

increase

not

Working

written off had
to Commission
orders approving these items in capitalization cases.
The companies
object to the Commission's orders on the ground, among others, that
the Commission erred in requiring write-offs of such amounts where
they relate to property still in service.
The petition of the Lockport &
Newfane company is based on similar contentions.—V. 159, p. 2235.

Worcester

in Operation—

and

17,789

Assets—Cash in banks and on

System—Places Diesel Locomotives

New York Central.

This

Dividends

Northeast Airlines,

'

Newport Industries, Inc.—To

$621,750
244,034

$112,759

However,

$72,678,

credit,

Peoples
Co.).

the company
challenges the

case

60,270

Pitts, President, states in part:
for Federal Income and excess-profits

Frank

substantial

and

.
declined to accept the
June 12 action
orders' on the ground
based on errors of law and fact.
The petition of the
port & Ontario Power Co. points out that items ordered
been duly entered on the company's books pursuant

Conn.,

See

>

Niagara

The

year.—V. 159,

\

2419.

p.

,

proposes

order,

each

$178,059

62,409

excess-profits
with the Internal Revenue

the

the

for

decrease

a

application with respect to

*

$650,369

________

Nu-Enamel

was

1,267
>

2193.

p.

Provision

Corp.—Declaration Effec¬

approved the

14

proximately $1,500,000 now in
required from the Lockport &
dispute is about $100,000.
Iii

.

$175,168

'

position

if complied with, would require the write-off of approxi¬
$4,704,045 as of Jan. 1, 1938.
Since that date the
Lockport company in the ordinary course of business has made sub¬
stantial retirements from, its utility plant accounts, leaving only ap¬

electric output
of $12,222,314 kwh.
This-is an increase of 170,901'-kwh. nr 1.42%
above production
of 12,051,413 kwh. for the corresponding week a
year ago.
r..'
V .'•"v .'V.'"'
Gas output for the June 9 week is reported at 105,989,000 cu. ft.,
an
increase of 1,285,000 cu. ft.,., or 1,23%
above production of 104,704,000 cu. ft. in the corresponding week a year ago.—V. 159, p. 2419.

'3,279

dividends-

.

.

mately

;

200

14,860

$47,134

158.

plant.

Association—Output

1,543

NOTE—For

Lockport & Ontario Power Co.—Petition for
Write-Offs—
company and the Lockport & Newfane Power & Water Supply
Co., Niagara Hudson System companies, on June 12 petitioned the
New York Public Service Commission for rehearings with
respect to
recent orders of the Commission
directing the companies to make
write-offs from their utility plant accounts.
The companies contend
that their books correctly show original cost to them of such utility

this Association reports

ended June 9

week

the

For

income

order.

Niagara,

159, p. 2011.

New England

$649,102

deducts.T

possible

This

The

$618,470

Balance

Rehearing on

Higher—

14.860

$173,624

income

stock

—V.

159, p. 2307.

V.

1944—Month—1943
1944—5 Mos.—1943
$7,836,580 $7,200,350 $34,121,468 $31,797,943

31—

Period End. May

Co.—May Sales 8.8%

Net

operation of the transmission line has been
authorized by the Federal Power Commission and a Preference Rating
and Allotment
Certificate has been granted by the War Production
Board for the materials required in the construction of the pipe line.—

...

_—

■

State Natural Gas

construction

The

$12,177,271 $12,359,569
♦After deducting
reserves for discounts,
allowances and doubtful
accounts of $44,907 in 1943 and $43,809 in 1942.
tAfter deducting
reserves for depreciation of $8,831,690 in 1943 and $8,478,405 in 1942.
—V. 158, p. 676.
.
'■
Total

2419.

State line, in a northeasterly direction to a
with the southerly end of the Potter County line of The
Gas Co. (also a subsidiary of Consolidated Natural Gas

Natural

34,140

$178,259

(net)—_

other

&

reside in

number, of whom eight

vania-West Virginia
nection

in¬

income

oper.

Pfd.

Consolidated

to

175,005

45,800

—

income

Gross

Int.

to issue 30,000 shares of capital stock ($100
Natural Gas Co. for $3,000,000 cash, which
amount New York State Natural Gas Corp. proposes to use to finance
the construction costs of a
127 mile natural gas transmission pipe
line, 12 inches in diameter, in the State of Pennsylvania, extending
from a point of connection with the system of The Hope Natural Gas
Co.
(a subsidiary of Consolidated Natural Gas Co.)
on the Pennsyl¬
Corporation

par)

48,010

■ - 951
6,300,000

$100)_...^ri.—_

Net

in the

following transaction:

1,200,000

__

...

stock

Common

agreed

p.

June

on

of

lieu

260,556

239,704
199,168

45,800

taxes

1942.

SEC

The

3,095,167

debt

Long-term

_—

profits tax_

in

Other

tive—

16,666
334,941
58,113
5,304,888
1,788,717

103,156
16,707
16,875
1,219,068
10,314
6,089

159,

NJ.—V.

New York

—....

$208,943

60,201
48,800

excess

L.

Liabilities—

payable and payrolls..
.
*
Accrued local and capital stock taxes..—
Accrued social security taxes.—
—
...
Accrued interest
____________
Provision for income taxes
___
Provision for bond sinking fund payment

purchasers, ten in

proposed

PA

NY

$12,177>,271 $12,359,569

Accounts

taxes-

come

purchase contract that on the
will cause Patchogue to discharge, by payment
•in cash, all of its open account indebtedness to New York State and
NY PA NJ Utilities Co.
As at March 31. 1944, this indebtedness was
in the amounts of $60,000, non-interest bearing, payable to New York
State, and $165,000,
with interest at 6% per annum, payable tv

Sheet, Dec. 31

Assets—

Cash

profits)

1943.
The

58,009
65,632

excess

Charge

periods
to be paid by
the

Bradford, Pa., have
date of closing they

$751,784
$11.93

$644,558
$10.23

$552,192
$8.76

—

...—

Fed.

1944—12 Mos.—1943
$3,199,688 $3,075,299
2,062,405
1,975,775

$858,082
541,322

income

&

inc.

Federal

interest or otherwise, for any period or
prior to closing date, except to the extent of $12,914
Patchogue to New York State, or its representatives, on or before
date of closing, as Patchogue's allocable portion of the consolidated
return for the Associated Gas and Electric Co. system for the year

—

$903,826
575,401

revenues v___

also to

penalties,

ficiencies,

Service Co.—Earnings-

1944—3 Mos.—1943

expenses—
Taxes (other than Fed.

•

York State is

New

——

_____

Operating
Operating

shares

$2,292,217
2,013,866

$2,251,386
1,990,575

$582,558
514,693

$549,917
494,885

income

159, p. 2088.

Northwestern Public

'■•■
.*
indemnify the purchasers of the stock of
Patchogue against any loss, cost, damages or expenses on account of
Federal income or excess profits taxes, by way of assessments, de¬

Patchogue.

-

Period End March 31—

indemnify the purchasers of the stock of
Patchogue against any and all claims which have been or which may
be asserted against
Patchogue by Auscorp.
As at March 31, 1944,
Patchogue had on its books a reserve in the amount of $1,948 for
possible liabilities to Auscorp for services previously rendered to

1941
$9,836,299 $9,863,554
7,255,570 7,140,453

$10,037,589
goodTsoic:::::.--—— 7,676,022
U

sales

:

income™.

to

is

State

York

New

Statement
1943
1942

31—

Ended Dec

Years
Net

Net

presently

Comparative Income

oper.

-V.

shares

York State is to

New

•

Nekoosa-Edwards Paper

Net

the

inf 1944 and

shares

929,750

ton

,

in

expenses

Operating taxes

the following pro¬
'•

-

,

1944—Month—1943
$4,589,153 $4,348,279
3,074,481
2,827,539
964,755
938,182

revenues

Operating

before the SEC on

to sell for a base price of $625,000 its entire
Patchogue Electric. Light Co.
These holdings, con¬
sisting of 1,000 shares of preferred stock (no par), and 11,000
of common stock
(no par), are the total amount of such securities
outstanding.
(Patchogue has proposed an amendment to its certificate
of incorporation which would
reclassify the common stock to 6,000
shares.
If this reclassification is effected prior to the consummation
of the sale, the purchasers, by the terms of the purchase agreement,
will accept the
smaller number of shares, all other terms of
contract being unaffected.)

1942

ad,e^«iR

share

ner

"■Loss,

1943

1944

Operating

proposes

Company

stock holdings

Co.—'Earnings—

Quarters Ended March 31—
Net profit after all charges,
etc,,
but before Fed. income taxes.—

transactions.

posed

159, p. 1694.

14 cents.—V.

held June 22

haring will be

A

Co.—April Earnings—.
1944—4 Mos.—1943
$18,307,280 $17,088,446
12,218,041 11,287,614
3,837,853
3,508,615

Northwestern Bell Telephone
Period End. April 30—

Corp.—To Sell Stock

Electric Light Co.—

of Patchogue

Corp.—11-Cent Distribution—
The directors have declared a dividend of 11 cents per share on the
capital stock, payable July 20 to holders of record June 30,- Last year,
the following distributions were made: July 20,
10 cents, and Dec.
National Investors

Natomas

State Electric & Gas

New York

$9,011,585.—V. 157, p. 819.

kwh., as compared with
corresponding week last year, an increase of
40,929,000

totaled

159, p. 2419.

conditional-sale agreement.—V.

a

stock

for the week ended

output of this company

Electric

(Del.)—Weekly Output—
June 10, 1944,
39,155,000 kwh. for the
4.5%.—V. 159, p. 2420,

Co.

Northern States Power

Hartford RR.—Notes—

authorized the issuance at par of not exceeding
$5,252,000 of promissory notes in further evidence of the unpaid
portion of the purchase price of certain equipment to be acquired
June 6

ICC on

The

dividend

23,

New Haven &

New York,

of
buildings and
values, $100,918; reserves for contingencies, $150,000; $1.50 cumulative
redeemable preference shares (par $20), $2,864,800; common
(295,852 shares, no par), $295,852; refundable port on of excess
profits taxes, per contra, $151,577; earned surplus, $2,216,384, total,
accrued liab., $90,692; reserves for deprec.
equipment, $1,419,366; reserves for adjustment of land

$361,540) $446,166, other

(a) Secured 5% debentures
Chemical Bank & Trust Co.,

due Aug. 1, 1956

at 102 and int. at the
York, N. Y.;

165 Broadway, New

Mohawk Valley Co. 6% gold debentures due Oct, 1, 2031,
at 101 and int. at the Public National Bank & Trust Co., 37 Broad
St., New York, N. Y.;
(c) The Mohawk Valley Co. 6% concol. ref, gold bonds due 1991 at

-

The

(b)

and

105

int.

at The

Commercial National Bank &

St., New York, N. Y.; and
(d) The Metropolitan Edison

,

Trust Co., 46 Wall

/

Co. secured consol. ref, gold bonds,
6% series due 1961, at 105 and int. at The Commercial National Bank
& Trust Co., 46 Wall St., New York, N. Y.
The holders of the above described debentures and bonds may obtain
immediately the full redemption price by surrendering said debentures
or bonds at any time for payment.—V.
159, p. 2011.
Ohio Associated

Telephone Co.—April

Period End. Apr. 30—

___

'"$100,747
•;k,"'fM54',978
IS,167

operating income

$27,602

Operating revenues
Operating expenses
Operating taxes
Net
Net

'^fi$44—MontlP—1943

___

22,182

income

—V. 159, p.

Ohio Bell Telephone
revenues
expenses

—

___

taxes

Net operating
Net

159, P.

income

income

—V.

1944—4 Mos.—1943

$90,782
53,282
17,349

224,875
106,921

$361,318
210,709
83,579

$20,151

$68,475

$67,030

14,330

46,356

43,526

2012.

Period End. Apr. 30—

Operating
Operating
Operating

Earnings—
$400,271

2012,

Co.—April Earnings—

1944—Month—1943
1944—4 Mos—1943
$5,940,286 $5,590,103 $23,470,939 $21,641,569
3,378,242
3,257,852 13,653,666 12 515,788
1,730,736
1,404,691
6,517,682
5,663,225
$831,308
793,352

$927,560

872,440

$3,299,591
3,133,375

$3,462,556
3.244,037

I

Volume

THE COMMERCIAL & FINANCIAL CHRONICLE

Number 4291

159

*

on

estimated

taxes
loss

Joseph

D.

Oliver,

Cunningham

Frederick

and C.
1151.

Jr.,

elected directors.—V.

also

been

159, p.

Pacific Power & Light Co.—EarningsOperating
Operating

expenses

Other

*$564,115

$7,504,333

286,286

241,247

3,333,021

52,231

758,810

appropriation

46,744

593,621

565,997

58,333

58,333

100,000

700,000

242

411

The

__

investments

Net

•—

$118,289

from

$165,560

$2,118,639

made

19,431

235,390

June

June

on

S.

funds

last, while

15,

dends of $1

declared

9

at

rate

the

Other

income

each

662

Cr 50

$138,116

Interest

$184,941

$2,360,463

sales

Cost

$2,344,163

104,264

—

103,596

1,245,478

applicable to pfd. stocks for the period—

electric

customers

tomer's

bill

for

an

159,

from

Tax

profits taxes.

American

Pan

Airways

be

to

regular
•will

served

stop

six

times

weekly.—V.

1559.

159, p.

the

in

letter

a

to

-

stockholders

the

company

by

more

216,705

157,592

$182,405
10,364

$323,696

$255,211

13,323

14,499

$337,020

$269,710

2.011

1,767

1,527

$190,757
141,738

$335,253
155,511

$268,183
163,188

$49,019

$179,742

$104,995

<

urge

from

Inc.

ities,

fixed

Net

Interest

Other

474,899
560,000
40,000

—

Premium

^Traffic
55,758

Cr7,001

$1,910,597

$927,763

1,016,033

812,826

$4,747,469;
(less

U. S.

Govt,

for

reserves

and

local

payable,

926;

cumulative class

stock

mon

A common' stock

(par

$5),

$3,084,090;

paid-in

surplus,

two

preferred isues since he took office in 1936.
the expiration of Mr. Balaban's contract in 1942 with Bala¬
ban & Katz, a subsidiary, it was stated, he had received no further

since

surplus

Aug.

31,

585.

p.

•

1939,

$1,863,998; 'total,
'

■

22,544

222,321
131,569
4,070

107,479
130,434
4,510

57,292
170,097

;

payable—

—

unpaid
accrued

213,856

—

liability

current

Total
—V.

60,523

732

376

518,052

439,376
4,937,736

liabilities-.
,

—

4,869,092

.

after

loss

■

,

,

(& Subs.)—Earnings—
1944
1943
$17,118,378 $17,091,905

Federal

'After

159,

taxes

tProfit.—V.

1943.

29,962

30,919

110,338

dividends

Common

t29,165

68,832

charges

110.338

dividends

Preferred

earned

$36,094,429—V.

'

sales

♦Net

class B com¬

$2,961,108;

1749.

p.

Quarters Ended March 31—
Net

$9,574,334

$9,514,117

—

157,

Pet Milk Co.

(payroll,

loan

(par $1,000), $119,025;

24,393

payable

wages

debts

bad

accrued expenses

$2,410,353;

long-term

$1,000,000
16,500
2,641,000

bals.—Cr:.

and

interest

tax

;

Unadjusted credits
Corporate surplus

secur¬

on income, $1,107,payable, $228,000; longindebtedness, $8,528,200; minority interest in subsidiary, $1,117,cumulative preferred stock
(par $100), $13,547,100; 6%
non-

of

stock

accounts

matured

Accrued

taxes)., $1,127,390; Federal taxes

installments

$9,574,334

$1,000,000
16,500
2,500,000

—

car-service

accounts

Unmatured

Sheet, April 30, 1914

hand,
receivables
on

capital
debt

on

&

Audited

13,142

8,033

121,543

$9,514,117

—

±

Miscellaneous

$62,980), $3,219,441; inventories, $1,724,185; investments, $276,266;
property, plant and equipment, net, $23,174,721; prepaid expenses and
deferred charges, $251,735; total, $36,094,429.

current

630

stock

.Long-term

150,000

Balance

$2,700,612;

5,793

debits

Liabilities—

Capital

$1,952,304
1,016,033

55,049
160,024
222,060
t 1,822
5,504

125,550

assets

Total

41.691.

Cr290,345

profit—
preferred stock

cost.

at

receivable—

assets

47,000
13,885

.

191,422
212,735
195

—

807,430

-

and

& conductors
receivable

agents

dividends

and

Unadjusted

377,232

62~0~869

from

supplies

current

Deferred

$2 297,115

—

accounts

and

97,620
15,320
70,036

investments,

receiv.

Material

332,619

—

——

bal.

1942

$8,640,073
299,342

$8,462,196

Miscellaneous

$2,297,115

$3,041,254

Dec. 31
1943

Temporary cash
deposits

1,419,928

$3,147,200

net

banks

charges

Special

of

term

and retirement of

than $100,000,000

after

Investments

386,038

subsidiaries———

in

charges

General Balance Sheet,

$3,717,043

$2,655,216

loss

to

Liabilities—Accounts

approval

their

fxd.

Assets—

■

the

$97,619

charges

Income

1942

24,950

contingencies

6%

on

238;

purchase of a $2,000,000 convertible note by Barney
Balaban, President pointing to the improvement in the financial con¬
of

deductions
for

on

adjustments

applicable

Assets—Cash

_/

proposed

dition

$106,992

$192,768

to

made

1943

408,017

__

__

Consolidated

Pictures, Inc.—Plan Approval Urged—

directors

The
of

subject

was

$2,739,182

—

-

tax

for

of

interest

Paramount

166,718

Dr$2,354
184,761

income

_____*

avail,

Other

17,797,175, respectively.June 15 began direct air service to
The last of 20 Latin-American cap¬
by Pan American, Montevideo became a
Buenos Aires-Rio de Janeiro flights and

line's

the

on

served

be

share,

per

245,590

benefit

Divs.

on

directly

$264,337

244,814

Income

Interest

Montevideo, capital of Uruguay.
itals

coal

surtax———

7. Consolidated

12,920,655 and

compared with

share,
will be

per

Proportion on net profit applicable
to
minority
interest
in
capital

in

System

of

operations

profit

Provision

the first quarter of 1944
flew
187,124,006 passenger miles compared with 117,683,337 in
the
first quarter of 1943 and 177,831,576 in the final quarter of 1943.
Actual miles flown for the first quarter of 1944 amounted to 18,123,062
Airways

World

9d.

Payment

$43,042,750 $39,493,432
40,303,568
36,838,216

1—

Flown—

Pan American Airways Corp.—Mileage
American

3s.

1944

revenue

and

tax

stock

Pan

Inc.

A similar distribution

„v

losses &

prop,

Excess

2012.

p.

sales

on

Special

representing "rate dividend" paid to
equivalent to approximately one-h%l£*of each cus¬
average month,
tlncludes credit of $180,054, rep¬

resenting adjustment of over-provision for Feddral excess
—V.

of

cents

75

Deductions

$269,600,

of

—

$351,806

201,072

income

Total

Subs.)— Earnings-

(&

expenses-—

operating

Normal

charge

Other

March 15, June 25, Oct. 15 and Dec. 30 divi¬
paid.—V. 159, p. 1389.
*

coal—

of

and

Other

$1,033,222
458,478

$1,114,985
458,478

$81,351

$34,452

Net .income

$198,716
——

is

is

1,310,941

charges

♦Includes

sterling

currency

797

Profit

Divs.

dividend

a

Years Ended April 30—

$2,343,366

$2,354,029
6,434

$184,991

$138,054

(net)u,___

income

Gross

pounds

Bolivian

on

were

Peabody Coal Co.

232,044

Profit
'

of

Share—

per

of

'

'

rents

$1,362,595
1,098,258

Net railway operating Income

/

Cash

"

___

value

stockholders of record June 20.

to

30

U.

In

April

Net

Operating income

Net

operating

1941

$1,575,525
1,223,718

operations

ry.

accruals—

Miscellaneous

obtaining the customary license.

$2,111,322

19,165

revenues—
lease of pit.

oper.

Rent

...

of

conversion

exchange

Dividend of 75 Cents

directors

payable

limited-term

of

Amort,

,

statement,

the

tax

1942

1,341,439

but

was,

this

and

from

rev.

Fixed

588,717

45,111

Property retirement res.
_

of

£1,

to

shipped

1943,

purpose

To Pay

3,021,130

U49.896
__

the

31,

,

expenses—

Railway

(approximately

bolivianos

concentrates

March

$4.03 Va

$6,987,577

_—

taxes

Net

revenues

operating

Railway

1943, profits after
$1,279,942)
and a

approximated at Bs. 42 to $1.

♦$358,123

Federal taxes

in
S.

1943

$1,540,155

operating

1944—12 Mos,—1943

1944—Month—1943

revenues

£309,056

For the same period
£317,210
(equivalent to U.

to

1,824,222

In

at

For

at

Period End. April 30—

of

of

$143,246.

amounted

Tin

have

Railway
Railway

the

for

Income

$43,434), '
not sold at March 31, 1944, and
valued in inventory at £333.10.0 per
long ton of fine tin (60 cents per pound) F.O.B. South American ports.

Directors—

Oliver Farm Equipment Co.—New

reports

net

(approximately

1448.

p.

Years Ended Dec. 31—

three months ended March 31,
1944,
(equivalent to U. S. $1,247,040) plus
3,127,678 bolivianos (approximately $74,468) before providing for In¬
come
taxes.
After taxes, estimated net profit amounted
to £305,512
(equivalent to U. S. $1,232,741) and a lossof 016,321 bolivianos
Company

cash, to Central New York Power Corp. for the sum of
$300,000.
This petition, in which Central New York Power Corp., as
the proposed purchaser, joined, was filed pursuant to approval given
by the directors of Central New York on June 8 and the consent of
the stockholder of Old Forge and its board of directors on June 14.
excepting

144,

Peoria & Pekin Union Ry.—Annual Report—

Earnings for Three Months Ended March 81, 1944

June 15 petitioned the New York Public Service
Commission for authority to sell all of its electric plant and assets,

—V.

Patino Mines & Enterprises Consolidated, Inc.—Earns.

Corp.—Sale Petitioned—

Old Forge Electric
This corporation

2525

of

income

on

159,

$78,000

in

and $111,100 In

1944

2309.

p.

,

.

.

Since

sole compensation from
substantially less
than he received previously from the theater subsidiary. «
v
The letter said that directors have tried for several years to find
means of
giving Mr. Balaban a strong incentive to remain with the
company, but found him opposed to straight options.
Through the proposed note purchase, directors said, he "would be
tied to the company with a $2,000,000 investment on which he would
tnake no profit unless your company's stock rose above the conversion
price find unless he remained with the company
long enough to
exercise the options," the letter said (see V. 159, p. 2236).—V. 159,

compensation
Paramount

that

from

in

and

1943

while

company,

currently

in

his

Penn Rivet Corp. (& Subs.)—Earnings—

;

Consolidated

has been

1944

Pharis Tire & Rubber Co.—New Factory—

Gross sales,

Income

Statement,

less discounts,

Year

returns and

Ended

Feb.

matic

1,047,377

—

5,040

—

p.

Other

income,

—$10 Permit Required

Part of Its Holdings

by N. Y. State—

According to reports filed with the New York Stock Exchange,
David A. Schulte Trust in the period from March 22, 1944 to
incl,

Phelps Dodge Corp.—New Director—

•*

Federal

Authority,
issuing a
Park & Tilford, Inc., authorizing
him
to
import 18 cases of whiskey into New York State for his
personal consumption.
•-V
As stockholders will have the right to acquire six cases of whiskey
for each share of stock, they may exercise the rights pertaining to
three shares in this State for their personal benefit.
A stockholder
who owns more than three shares may obtain a permit here to dis¬
pose of the additional whiskey
privileges through licensed New York
one

any

Pennsylvania
Net

ruled

authority

The

that

•

,

stockholder had participated in
personal use in which he already
whiskey, he may obtain a permit for
if

any

Net profit transferred

acquired

18

until

effective

cases

Jan.

1,

1945.

Parker Pen Co.

Assets—Cash

Consolidated

Income

$10,522;

Liabilities—Notes

88,223

income

$4,241,202
;
29,103

——-

___________

'

profit

excess

income,
$1),

(par

surplus, $88,715;

total,

$65,010; first
out of plant

taxes,

machines

582,071.—V.

surplus,
1412.

146, p

159,

.$

delphia

:

•'

Period End. May 31—

198,000

182,536

and surtax—
J.—._ •
Federal..declared value .excess profits tax——1\J
Federal excess profits tax_____—____
Dominion

taxes

32,000
149.542

228.082

•

*

;

;

v

340,149

$5.70 '

Earnings

i

.

*

"$699,131

$1,105,139

Net' profit ——1--——'
paid
per share
—
♦Net of $8,468 post-war refund.

-

t250,096
$3.59

and

amortization

amount

to

$677,712",

revenues

♦Operating

29,

$977,387;

1944

•

accounts
payable,
$102,072; due cus¬
accrued
liabilities,
$317,087; provision for contribution to The Parker Pen Profit Sharing
•Trust. $146,381; provision, for income taxes. $1,713,086; capital stock
($10 par). SI.940,000;
earned surplus, $3,810,226; total, $9,085,821.—
V. 159, P. 740.
'•
'
Liabilities—Notes

$557,120;
tomers,

payable

to

bank,

$45,045;

advances on Canadian war contracts,
including
quantity
discounts.
$454,804;




1943

-

1-•j

j

income'

of

.1494*1

<

-

&

P.

$1,388,931

$377,153

t-

<

$297,535
8,147

$384,575

i—

Federal

$48,500 in
•

.

1941

$263,976

-

$305,682

deduction's——

•

'•""

<

income

$268,894

;

176,099

$130,335

$92,795

41,982

41.982

in

$107,000

profits

tax

1943,

Assets—Utility

1942,

in

$90,000

payable in either

year).'
•

,

-

.

Government
accounts
$150,370;
supplies, $156,641; prepaid insurance, etc.; $14,826; debt
plant,

$4,588,234;*oash,

$563,023;

U. S.

securities, $50,000; U. S. Treasury tax savings notes, $100,532;
receivable (less reserve for uncollectible accounts of $10,415),
and

materials

discount, and expense in process of
ments to leased pronertv, in process

laneous, $5,968;
Liabilities—$6

$349,850;
debt.

total,

cumulative

stock

common

$3,042,000;

customers'

accrued

general

$137,783;

laneous
in

aid

accrued
of

accrued

ronst.rur.tion.

and

$50,073;

improve¬

miscel¬

accrued

■

had

than .5%; of

where

position

its

$800,000

approved. P. & W.'s

acquisition without
so under the rule
the amount of the

the voting control of the com¬

■/

..

.

I

-v

•,;

output

for

•

this

1944

Corp.—Television Relay Link Dedicated—

<•'

(7,000

no

par

shares),

interest
Federal

long-term

reserves,

capital

plus, $324,010; total, $5,780,516.—V. 159,

thereon, $268,706;
State Income

and

debt,

$14,332;

$1,168,397:

surplus. $278,172;
p. 2236.

miscel¬

contributions
earned sur¬

•

v

of

June
•

industry ^has

dividend checks,
television .standard^

12

...

,

point
grow

material

the

and

Commission

,

.

..

have'been :established by ' the Federal

"When

Communications

situation

eases" to the

where new equipment Can be produced,."'television promises, fte
rapidly in public esteem and popularity," Mr, Ballantyne .be¬
"Philco plans to' be fully .ready to participate in and con¬

tribute

developments';"

these

to

,

television relay transmitter link, c'onvideo broadcasts,, was. officially dedicated
withi appropriate ceremonies on May 25,, Mr.' Ballantyne pointed out.
This new link, installed near Princeton. N. J., replaces previous ex¬
perimental installations and marks the beginning of the first regularlyscheduled
television
relay
system capable
of providing commercial
'•

"A

New

to .Philadelphia

York

the

necting

cities

two

the

in

service

stock

par

on

$6,502;

$2,853;

$132,541;

amortization, $18,380;

accrued

interest

liabilities,

of

shares), $<*2,500; long-term
($48,293 to affiliated company),

no

payable

deposits

taxes,

amortization,

.

preferred

(42,500

accounts

$94,338;

taxes,

$5,780,516.

be obtained

the

in

acquired

.the fundamental work to form the basis for the postrwar,
now. been completed, arid .over the, years tele¬
vision ' should ' duplicate and .incjeed surpass the' remarkable record of
growth and'1 progress of radio:, it is predicted .by" John" Ballantyne,
President, in a lettef'to' the corporation's' stockholders, accompanying

lieves.

Balance Sheet; pec. ,31, 1943

'

more

159, p. 385.

electric

television

$210,485

taxes:

excess

it

the Commision

after

permission

ended. June .10,

Much

4.918

175.347

174,090:

.j_„_

(no

bonds

legally

is. not

because

1,124,955

Dividends

and

W.

PST

creditor

company and its subsidiaries for the
amounted to 123,554,000 kwh., an increase
of 6,590,000 kwh,; or 5.6%, over the corresponding week of last year,
—V. 159,. R. 2455.
••
*' r 5 'W ,

•1941

•

1,255,091

7,422

—

'

that

said

also

Philadelphia Electric Co.—Weekly Output—

41,982

income'

,

that all the available cash in P. & W.'s treasury
after the war except that absolutely needed

represents

The

$1,552,625

_

other

and

■ '
to the U. S. District Court at Phila¬
cash would not be good public policy

reorganization plan and moreover made the
obtaining the Commission's permission to do

week

1,386,587

———

Gross. income

•

report

reorganization

a

pany.—V.

i

Report—
"

common stock
PST's plan provided for $280 in
shares'of new common. This latte;
of $311,190 'in cash, 'the essential

until

that such

'

$1,763,741

taxes_—

earnings

Interest

patents and trade-marks, $32,046;

$9,085,821.

and

a

the distribution of

Commission

Philco
Net

Other

.

amortization of $990,814),

.'■»*_

—___j———

expenses

♦Includes

Balance

Dominion of.^apada

bonds at cost, $45,045;
receivables (less reserve for doubtful./agfjoynts of $89,0541, $1,848,873;
expenditures for machinery;.'tools,.'aPiilpment, etc.,' for account of
U. S. Government (to be: reimbursed-currently), $69,512; .inventories-,
priced at lower of cost or market, $4,537,546; supply inventories, pre¬
paid insurance, and other expenses, $280,686; investment in and advances
to
wholly-owned .subsidiary, $115,004; sundry receivables and invest¬
ments.
at
cost, $18,800;
post-war refund of excess profits taxes,
$483,210;
plant and eouipment (less reserves for depreciation and
Assets—Cash,

Years Ended Dec. 31-^

Operating

Net

Note;—Provisions
for depreciation
$147,253 in 1944 and $98,494 in 1943.

■;

•

-Annual

♦87,455

Cr294,504

Dividends

•

bonds.

distribution
two plans.

in

securities

1944—5 Mos.—1943
$2,854,154 $13,794,719 $13,910,519

1944—Month—1943

2455.

p.

the

requiring

—

'

118,836

taxes—

of excess profits taxes—

Consolidated

1,616\883
'

—

income and excess profits

Post-war refund

159.

the

retained

being

worth

38,568,599 188,372,862 177,324,308

$2,816,275

—

_.

16,765

2,824,547

said
be

The
of

$

.

Peoples Drug Stores, Inc.—May Sales Off

creditor of P. & W. through
bonds which gives it about

W.

for curient operation expenses.

first

Sales

for

betwen

during the war and

$

a

&.

P.

plan providing for the distribution of $400

a

existing

of

Commission,

The

own

2236.

p.

.

of

$120 In cash and four

called

difference

lease,

$22,593;

1944—5 Mos.—1943

■

$

—45,301,295

——

—V.

i

1944—Month—1943
...

W. submitted

$1,000

bonds,

plan

mortgage
on

capital

$250,106;

PST is

The

Act.

interest.

&

each

new

$2,752,311

Federal normal'

•

The P.

for

should

—v.

charges'—,--—--

Wisconsin

$2,722,841
29,470

$4,152,980

income

Total

total.

and

deferred

—

principal amount of new bonds and four shares of new

$75,721; accounts payable (trade), $15,wages,
$11,782; commissions, $271; taxes,
$2,468; employee war bond accounts, $2,331;

stock

common

District

of $800,000 worth

oim-third

a

(J. C.) Penney Co.—May Sales Increased 17.46%—

<■

,.

income

$30,000;

$3,130;

Sales

.

front operations^--

Profit

.

for

payable,

major

S.

Bankruptcy

ownership

and

miscellaneous,

$14,480;

earned

Federal

payable,

salaries

of the Executive
elected a director

Pennsylvania Public Utility Commission has disapproved th*
plan submitted Jan. 14, last, by Philadelphia Suburban Transportation
Co. for the reorganization of Philadelphia & Western Ry. under the

profit On

Selling,

Other

accrued

has been

1768.

p,.

The

deferred charges, $18,645; estimated post-war refund of excess
tax, $8,926; total, $582,071.

profits
464;

159,

Philadelphia & Western Ry.—Plan Disapproved

bank and on hand, $84,267;
accounts receivable
inventories,- $141,839;
cash
surrender
value,
life
advance for purchase of machinery, $3,524; ma¬
chines out of plant on lease (less reserve for depreciation of $11,667),
$21,791; land and buildings, machinery and equipment
(less reserve
for depreciation of $312,655), $183,459; patents, net of amortization,

....

Statement

^
•"«,

1944

29,

in

Period End. May 31—

.. \ Feb. 29,'44 Feb. 28.'43
'Sale$___*.______—$8,785,341. $6,743,304
general and administrative expenses-...
4,632,361
4,020,462

$39,737

_

•

Sheet, Feb.

Chairman

Mining Corp.,

hearing at Philadelphia on

pany and the four
has been set by U.

$38,691

1,046

Balance

and

Vice-President

Newmont

the amended plan of the com¬
bondholders committees for reorganization
Judge W. H. Kiikpatrick for July 10.
The
judge set the hearing date after confirming the report filed
May 22, last, by Special Master Howard Benton Lewis to the effect
acceptances have been filed by more than the required percentages
of creditors to the plan.
No objections or exceptions were filed to
Mr. Lewis's report.—V. 159, p. 2236.
The final

3,234

..y

(trade),
$99,699;
insurance, $9,400;

(& Subs.)—Earnings—

Years Ended—

Other

ZZ—II-—
_____

...

the

ing Date Set For July 10—

♦41.672

—

—

to earned surplus—

Consolidated

reserve

Application blanks for permits to stockholders may be obtained by
applying in person or by mail at the offices of the State Liquor
Authority in New York City, Albany and Buffalo, N,.' Y., but must
be filed only at the New York City office located at 1775 Broadway,
NeW }YPrk 19. N. Y,, the authority announced.—V. 159, p. 2308.

Gross

1

of

Phelps Dodge Corp.—V.

Philadelphia & Reading Coal & Iron Co.—Final Hear-*

10,759

15,474

♦After post-war credit of $4,630.

whiskey dividends this year for

of
participation in the Park & Tilford dividend that would not become

had

the

$109,830

—

.

_•

Schneider.

Committee;

6,479

_I

:

,

.

profit from operations—.
year's adjustment

Prior

.___

-

taxes

profits taxincome taxi

stockholder of

wholesalers or retailers.

other

——;

excess

retaining 134,474 shares of the same issue. V.
John F. O'Connell, Chairman of the New York State Liquor
on
June 8 announced that a fee of $10 has been set for

State

;.

—.

Franz

$103,351

1944, sold 38,900 shares of Park & Tilford, Inc., common

May 26,

to

etc

1

—

—

——

deductions'
income

stock,

permit

J.

—

Total income

the
and

sales,

scrap

Federal

Park & Tilford, Inc.—Trust Sells

___________

of

Other

2420.

profit

space

expansion.—V. 159, p. 2236.

requirements brought about the

"

Operating

It was explained that additional production

lifting bags.

172,695

———

\

President, announces that (he company has opened
plant in Parkersburg, W. Va., to produce fuel cells and pneu¬

Furber Marshall.
branch

a

$1,328,463

--

Cost of goods sold (including depreciation)—
Selling and administrative expenses—.
Experimental expenses

>

1944

29,

allowances!

United

for

States.

is

It

now

in

operation

every

Monday

make the New York programs of Station WNBT available to
Station WPTZ in Philadelphia.
"The
new
television relay;'' developed by Philco engineers, is the
first
of
its
kind,
and - is
capable of providing dependable, highnight to
the

audience of Philco Television

.

ouality
Mr.

service

Ballantyne

which

can

be

at all times
states.
"It
constructed

at

approximately 50 miles apart,
television

system

and
is
a

under

entirely
cost

may

of

all atmospheric condition,"
possible that similar links,
about $15.COO each located

form the basis for a nation-wide
159, p. 2455.

in the post-war period."—V.

THE COMMERCIAL & FINANCIAL CHRONICLE

2526

Phoenix Securities
The

Corp.—Liquidation Assured—

is

advising

delivery
V.

the

at

159,

Trust

Guaranty

Co,,

after

and

on

19,

June

shares

October

November.—V.

or

159,

2455.

p.

.

—to

1944.—

and

allowances,

tion

of

sales

Interest

$9,754,057

—-

——

and

sold

product

taxes

354,224

for

Profit

Dividends

597,198

200,000

Loss

profits tax

$2,170,744

.

$2,363,392

1,171,800

451,323

61,846

$9,830,120

$9,494,888

192,356

3,476,990

3,301,569

14,478

20,896

208,109

187,002

60,061

48,806

635,220

532,050

69,221

79,794

936,664

950,760

98,402

104,694

1,175,796

1,240,479

$299,006

$323,194

$3,397,341

$3,283,028

2,039

(196)

3,562

(8,514)

$301,045

$322,998

$3,400,903

$3,274,514

CH50.085

'

depreciation,

(other

than

Fed.

,

Net operating incom&
Non-operating income

63,166

Crl46,323

—

and

investments

of

—

„

expense

interest
from

—

.

disposal

funded debt

on

for

loss

Canadian

——

67,257

72,960

845,152

960,411

$233,788

$250,038

$2,555,751

$2,314,103

29,000

50,200

392,000

503,051

439,800

131,000

—_

—

28,189

21,117

Balance

,*■

5,376

Federal
Fed.

fixed

and

——

income

of

exchange—

6,910

5,188

1,554,000

1,678,550
Cr60,500

,

debt

taxes-

profits

excess

Acceleration

♦Crl4,000

on

income

Deductions

Cr6,953

__________

investments

of

Gross

other

and

—_____—

expense——

disposal

_

of

tax-

93,900

amort.

discount

■*■

and

-'•'v

■

:

■

expense
Net

profits

60,100

income

357,500

$139,738
63,692

$110,888

$1,366,451

Pfd.

div.

requirements.

—V.

159,

p.

55,816

2122.

Consolidated Balance Sheet, March 31,

bonds,

Net

1914

of

capital

assets,

$4,021,630;

tax,

$32,226;

other

than

Federal

New Vice-President—
has

been

elected

Executive

formerly
Vice

Executive

Assistant

President.—V.

Pittsburgh Equitable Meter Co.

to

159,

the

President,

Placed

Debentures

—

Privately—Company has placed privately with Equit¬

'

The

and

Federal

Federal

income

old

pany's

Sheet, Dec.

in

31, 1943

income

and

sundry items
benefits tax,

to

Operating

expenses

Federal
Other

balance will be used for working capital.—V. 148, p. 1180.

10-year

SVa

convertible

that

announced

debentures

offered

the offering

at

May

par

Amort,

25

has

All

Net

the

and

bid

price is

115%,- of

Giving effect to
103,343 shares of
have

been

the

•

conversion

the

on

of

stock

common

earnings

the

preferred

outstanding.

stock,
this

On

stock

common

in

there

will

314,460

27,083
"

•

•

$121,416

i

revenues—_

Interest

charges

40,238

Net

time

of

751

470

long

rate

Divs.

be

476,723

1943

1942

1941

$278,883

$209,627

$100,221

$2.70

$2.03

$0.97

1.15

0.60

0.60

share—-

earnings

$1.09

estimated
♦A

♦0.25

after

are

renegotiation.

second

25-cent

renegotiation

1944

earnings

and

1943

earnings

499,049

has

been

$945,081

$787,229

period—

430,167

July 15 to stock of record June 30.—V. 159,

Electric Power

of

shares

of

with

430,167

preferred

stock

stock

common

Co.—To

(serial)

Increase

Capitaliza¬

The

Forma

Consolidated

stockholders
the

will

class

the

company

with

The

Pittston

B

class

vote

,

only
A

June

preference

two

20

classes

preference

on

stock
of

stock

proposal

a

to

to

preferred.

change

This

stock—common

will

and

the

Operating
Operating

the

share

per

light

and

$l,-<

power,

$100,000;

power,

retail

power

Public

Service

residential

con¬

for electricity would not benefit
constituted 14% of residential users,
of residential users would receive a maxi¬
a

year

month.

a

heavy
rate

industrial

reduction

users,"

Chairman

of

the

ordered

the

board

by

commissioner

of

the

the

Commission,

Public

does

not

this

of

approve

reduction

and

Service

believes

inequitable,

unjust and
stress.

before

Nevertheless,

the

to

Commission

especially
avoid

and

1*

in such an awful
complication of a

the

the

Courts,

the

company

to accept this demand of the board.

will do
number
the

best

our

exceeds

hope

dividends

the

under

142,000,

circumstances

largely

Jerseymen,

that

the

net

earnings

of

1944

in

for

will

be

sufficient

to

stockholders

our

and

still

we

en¬

the

corporation available'
justify a continuance of
the

Puget Sound Power & Light Co. (& Subs.)
Operating
Operation

12

of

corpora¬

Months

Taxes,

Provision

for

income

income

Net

1,767,865

117,641

1,516,161

185,392

67,693

1,449,435

1,193,888

256,639

~

oper.

228,423

2,845,381

2,517,719

$7,273,727

1,696,748
1,491,426

$597,300

$689,796

$7,973,785

(net)_—

♦231

329

10,251

83,381

;

$597,069

$690,125

$7,984,036

revs

income

Balance

-

of its holding company system)

:

—__

Int.

and

amort

195,570

289,694

2,510,324

$7,357,108
3,357,433

$401,500

—

$400,432

$5,473,712

$3,999,676

653,125

550,000

—

taxes——

preference

2,776,863

paid

Comparative Consolidated Balance Sheet, April 30

2,479,574

—„_

dividends

♦Loss.

1,610,083

—

reserve——

Prior

1,203,842

5-1

taxexs

Appropriations for depreciation

Balance

—9,493.038

—

—

than

—

180,317

126,079

taxes-

—$22,530,657

L

expenses

other

)"

Ended

134,238
___„_

income

taxes

.

$2,011,909 $25,556,936 $22,956,074
728,040
10,004,310
8,782,568

829,493

—

Earnings

1944—12 Mos.—1943

.

Washington Railway

Maintenance

preferred.

recently removed from the
company's
capital
structure
through an
exchange for new 5Vz%
cumulative income debentures and
redemption of the balance of the
stock which failed to take advantage of the
exchange offer.
The e
was

Other

Other

plan

$2,129,141

revenues—

Depreciation
Federal

'

1944—Month—1943

April 30—

Maintenance

5,000,000

1943

electric

revenue,

and
•

Statement,

31,

proposed

and Electric Co. for the simplification

leave

$100

!

Income

(Adjusted to give effect to

Co.—Proposed Change In Capital—Exchange
Dropped—

of

name

of

the

on

and

case

Period End.

Washington Ry. & Electric Co.]

see

payable
Pro

par

$10),

(par

Dec.

Plan Is

retail

,the present rate of dividend upon the common stock of
tion, but as to this, time will tell."—V. 159, p. 1044.

the

[For further details

2309,

p.

connection

shares

Pittston

;

for

proposed simplification plan of the Wash¬
ington Ry. & Electric Co. System the Potomac Company's capital stock
shall be increased from $30,000,000 to $75,000,000, consisting of 50,000

J

>

,

declared,

cus¬

consumers'

Jersey, said:

war

"We

whose

'

159, p. 2122.

In

after

are

unaudited.

are

dividend

common

Vi

tion—Simplification of System—

$113,074

per

1942

various classes of

group

cents

McCarter,

.has agreed

$80,747

the

applicable to pfd. stocks for

—V.

to the

130,000

less

or

group

fair to investors,

-' 'j

$1,286,278

41,567

$81,333

—

household

residential

would

years

(3 Mos.)
Earned

-

small

if at all, through the adoption by the State
new-fangled theories of rate-making which never before
have been adopted by any New Jersey commission since 1911.
*
"The company believes the imposition of such doctrines to be un-

$1,285,808
,

of

other

the

of

140

■

most

only be sustained,

board

$1,415,804

'

income

Potomac

Dividends per share

could

/ '

that

This

20

company

tertain
*

1944
income

"The

69

;

Net

N.

333,333

_,•••

$122,314

of

"one

of New

$1,415,053

154

said

commenting

Thomas

\'

$122,160
V

155

(net)—__

to

the

and

Corp.

■

income

"l-

for

In

*

vV.%'

split
com¬

,

approximately $5,000,000

thousands

to

help

$791,100;

while another 84%

325,000

——.

a

this

"fuel clause," customers affected will be obliged to
pay
electricity starting July 1, and the resulting increase will
add $300,000 a year to Public Service income, he asserted.
Increases also
are
planned for "an intermediate class of business

338,289

$121,571

follows;

as

36,056

T

capitalization

recent

32,803

income

to be converted.

consolidated

169,267

Gross

..

stocS is exppcted

most of the

par,

oper.

Other

first

mortgage bonds will be retired on July 15, 1944.
These
bonds, offered at 100 in-1940 with warrants attached, now kre. quoted
120 bid.
All of
the outstanding convertible preferred stock Hvill be
retired on or before July 15, 1944.
Since it is callable at 105% of
,par

3,254,142

19,023

—

in

of

said.

258,618

limited-term

schedule
)

$1,823,500; -.commercial

$17.40

pay

reduction.

reduction

more

13,495

•

benefit

little

distributed

Residential,

who

users"

C\-

Commissioners,

lower

customers

save

no

of

and

will be

Jamieson

the

Under

j

been

oversubscribed.
'

of

investments

of $600,000

Mr.

mum

1944—12 Mos.—1943

res.

and

refrigeration and general service, $140,-'
000; commercial light and power and general service, $375,000.

$5,058,242
2,988,879
111,793

appropriation

of

was

electricity

he said,

$5,477,991

„1—

taxes

Utility

new

a

•

general service,

sumers

$462,940

•

Public

general service, $338,500;

from

286,241
«

but also

of

follows:

as

and

.

27,083

taxes

grant,

.462,500;

Profits

$481,038

Property/retirement
V

Co.—Debentures Oversubscribed—

1944^—Month—1943

revenues

of

approved

estimated to

The reduction

$640,440; income
for taxes
$78,505; provision for
War

reduction,

users

provision

under

•%;

Board

14

tomers.

payable,

profits taxes,
taxes and. refunds

Jersey
June

on

Orders^

year, was approved by Board President Joseph E. Conlon and Com¬
missioner John E. Boswell of Ocean City, N. J.
;
Commissioner Crawford Jamieson of Trenton, N. J., who dissented,
said that the cut was not only less than the
company could afford

i'%

$3,230;

and

profits

Period End. April 30—•

Operating

$1,117,000 of 414% debentures and to redeem
11,605 shares of 6% cumulative preferred stock.
The

Co., LoS Angeles,

J.

T

a

Portland Gas & Coke Co.—Earnings—

tirement of

Plomb Tool

'

'

electric rates.

The

•

banks,

V

age

New

decision

: V

Society of the United States, through
Corp. $3,500,000 3V2% sinking fund de¬
bentures, due 1959. Proceeds will be used in part for re¬

Wyeth &

'

Public Service Electric & Gas Co.—Commission

tax

able Life Assurance

Lee Higginson

L

724,119

'

Electric Rate Cut—

$1.44

current

•

Control
Act
(less tax series U.
S.
of
America
Treasury notes of
$833,353), $703^222; contingent sinking fund payment due on or before
March 15, 1944, $7,752; 10-year serial debentures of
1941, $374,000;
deferred credits to income, $17,248; class A stock
(160,000 shares,
no par), $4,000,000;
class B stock (362,843 shares, no par), $2,727,976;
paid-in, contributed and capital surplus, $401,382; earned surplus,
$1,479,972; total, $10,465,952.—V. 159, p. 2236.

879. '

p.

of

retirement.

Balance

hand

on

;
• ./" :■
Liabilities—Accounts and

(906,806 no par shares), $1,827,796;
earned surplus,
capital stock in treasury, at cost (1,427 shares), Dr$l,977;
total, $10,066,384.-

Jr.,

debt

465,952.

stock

F.'Bernart,

of

440,005

$1.09

reduction

a

as

S

$1,307,389;
Dominion
of
Canada victory loan bonds at cost reduced to current exchange value,
$49,240;
trade
accounts "receivable,
less provision for
uncollectible
accounts, $1,222,592; inventories priced at the lower of cost or market,
$582,278;
accrued
interest -receivable,
$85;
other
assets,
$451,746;
land, buildings and equipment, net book value, $515,995; deferred
charges and advances, $88,703; intangibles, $6,247,923; total, $10,-

$1,369,522;

W.

shares,-———

applied

$761,289

400,006

—

$91,600

account

on

Assets—Cash

total, $10,066,384.

and amortization

depreciation

A

Consolidated

Liabilities—Accounts payable and accruals, $517,221; provision for
Federal, State and foreign taxes, and for renegotiation of war contracts
(less U. S. Treasury notes, tax series, of $870,000), $1,125,180; advance
metek rentals (net), $663,012; reserve for contingencies, $550,000; re¬

capital

deducting

liabilities

machinery and equipment, $1,837,074; rental equipment in service and
on
hand, $3,454,479; patents, goodwill and development, $1; deferred

for

class

class B

per

♦After

$305,166; post-war refund of excss profits tax, $276,000; land, buildings,

serves

$637,424

paid,

Earnings

$1,252,812; U. S., Canadian and

$39,558), $1,105,684; other receivables, $20,138; inventories, at approxi¬
mate cost, $1,637,368; investment in stock of British affiliate, at cost,

charges to operations, $27,871;

income

Dividends

accounts recivable (trade, less reserve of

$149,791;

270,500
$1,409,552
764,315'

/

1943.

war

*'

..

.

Assets—Cash in banks and on hand,

1944—12 Mos.—1943

$769,740

240,543

•

British

shares

430,000

$781,711

'

for

at

2122,

p.

7,173

•„ excess
profits taxes and refund—
Estimated post-war refunds of excess

and $130,200

deducting post-war refund of $135,000 for 1944

♦After

159,

Hampshire—Earnings—

Provision for Federal and Canadian income and

$473,778
450,264

$495,086

year.——

paid

estimated

share.—V.

—

income)

33,612

7,173

received

Provision

458,735

1,215,000

—

$10 per

revenues—

for

Taxes

3,605
505,012

excss

1,338,468

37,377

assets

Other

350,000

_—--*_-—

Federal

for

♦Provision

operations

amort., of patents

from

Interest

6,852,546

8,208,189

for

income

Gain

expenses

contingencies.
Provision for Federal normal, State and foreign
Provision

1,444,998

deprec." of buildings and equipment—

for

fixed

for selling,
servicing and general administration——
Provision for depreciation and amortization.—
of

Prov.

12,352,728

and patent rights

for

Prov.

1,330-

——$11,127,511

from

Prov*

Interest
Total
Cost

at

Purchased power
Maintenance

production cost of products sold,

Expenditures for patents and patent rights, etc.

?5'Hi

'

2

'

1942

11,857,600

Profit

^

———

—16,962

income

and

Selling, administrative and royalty expense, etc*

returns,

affiliate—

British

from

Operating

$15,473,342 $16,054,588

——

etc.

for renegotia-

and provision

contracts..

war

Dividends

stock—now

common

1944—Month—1943

1943

Net

1943

1944

its

Operation

Pitney-Bowes Postage Meter Co. (& Subs.)—Earnings
Years Ended March 31-

of

stockholders

(& Subs.)—Earnings-

Consolidated Income Statement for the Years Ended Dec. 31

Purchase

Sales and rental income, less discounts,

its

Public Service Co. of New
Poor & Co.

'

,

be

2121.

p.

.

in

to

liquidated within a period of six months after the
plan becomes effective by the sale by the Potomac Company of addi¬

30,

its

is

tional

according to the books of the company at the close of business on June
1944, and Dec. 31, 1944, respectively.
Definitive debentures in coupon or registered form will be ready for

1

shareholders that its plan of liqui¬
dation now appears certain of adoption at the aojourned annual meet-'
ing to be held June 21 and is urging them to have their Phoenix
stock transferred into own names by that date.
■
Within 30 days after the adoption of the plan, the letter declares,
holders of at least 80% of the stock must file written elections to be
taxed under Section 112-b-7 of the Revenue Code and must continue
to hold their stock until distribution of assets is completed, probably
corporation

Monday, June 19, 1944
which

1944

1943

.

10,000;

were

shares

redeemed

and

$1,357,000

of

the

Net

debentures

new

Total

issued.
The

authorized stock will be changed from 682,500 shares
(consisting
of class A preference stock, par $100, 65,000 shares- of
par $100 and 580,000 shares of common stock,

Cross

Net

class B preference stock,

$1)

to

815,000

shares

(to

consist

stock, par $100, and 750,000 shares of
The
for

is

exchange of

in

and

it

company,

an

held

abeyance

stated,

has

and

common

since

March

of

65,000

it

has

now

decided

in connection with it before
Commission has been withdrawn.

Under

of

income.

interest

Net

the

to

drop

Securities

the

right

to

exchange

their

Earnings

and

per

shares

for

preferred

decision

to

preceding the exchange offer.

the proposal was due to a change in market
conditions which considerably altered the ratio between the
two issues.
When the
plan was first considered the exchange would have in¬
volved

ten

However,
ratio

It

the

had

common

have

of

common

advanced

been

issuance

of

about

in

six

price

to

one

for

share

one

to

such

and

an

this

of

preferred.

extent

would

that

have

the

,

The

all

its

Pittston

application

order

before

exempting

into

common

the

from

the

SEC

Pittston

which

has

provisions of

preferred

been

section

Assets—

Jan.

Such
and

at

1,

the

1945,

1,

1964,

payments

surrender

due Jan.

.Guaranty

1,

of

1945,

Trust

rate
on

it

of

the

is

will

23i%

20-year

stock——_

common

—

Balance Sheet, Dec.

be

5'/a%

Electric

be

made

Prior

and after

1.

due

the

Co.,

coupon

July

l,

respective

bonds

sought
of

(a)

(2)

July

1,

income

1944,

.————$102,913,985

——

—

1944,




1,707,000

re.serve.___

471,092

__________

3,858

23,123

——

1,800,646

1,615,063

923,341

940,212

—

174,421

—

—

—

90,834

274,128

———

——

—

1

♦Contingent liabilities, assumed——
Current and working assets———
Post-war credit, excess profits taxes

the

and

upon

deferred

charges.

N.

Y..

2

at the
and

on

registered holders thereof

stock

Long-term
Notes

Accounts

307,487

131,435,800 129,839,211

Dividends
Customers'
Taxes

170,507
" 80,760

Common

stock

mortgage

($10

series

Other

par)

Current

and

accrued

Contributions in

Unamortized
Reserves
Reserve

for
for

aid

!

—

.

for

surplus

Earned

1,759,652

retirement of property

and

plant'

18,841,377

refunds

66,784

surplus

injuries and damages

943,781

liabilities-,————55,987
1

—

36,524

620,188

1,144,263

18,607,287
10,579,646

17,772,888

——

5,918,326

surplus:
Dec.

Jan.

1,

31,

1943

—*—

—

1942————

DrlO.066,934

3,995,158

1,699,706

,*••

131,435,800 129,839,211

'

159, p. 2013.

,■

2,545,387
<

customers'

75,219
2,354,425

952,980

:

Since

—V.

275,000

2,719,011

•itsR

5,327,256

construction

and

994,135

74,071

———

Total

3,574,000

premium

deprec.

unclaimed

2,070,833

——_____

—

credits

to

3,000,000

:•

liabilities

of

•'

40,000,000

—

assumed——

56,50T,500

1,125,000

accrued

Prior

30,300,000

bonds

liabilities

55,375,000

deposits

current

Earned

$8,500,000

21,778,790

—_.———1,149,320
653,364

'Capital surplus

.

-1

(par $100)

Unsecured serial notes

♦Contingent

*

,

stock, 5%

——

14,000,000

—

Reserves

.$117,113,312

Liabilities—

par)———_
———

declared

11,000,000

25,119,543
—

(due within year).

accrued

Interest

218,320

———————

($10

13,750,000

—

par)—„,—.______

payable

8,906,501
,

(no

—

debt

payable

3,574,000

:1

—

stock

Deferred

56,862

:___

(contributed).

672,340
2,469,654

Pullman-Standard
crease
B.

Ind.,

Car

Manufacturing

Production Schedules—

'

Co.—To

J

♦If
is

a

Trautman. Acting Works Manager of the company's Hammond,
plant, announced on June 8 that "the company has been asked

by the Army to increase materially our rate of production on 155
and to continue producing at capacity rate the mammoth

—$117,113,312

refunding of the outstanding obligations of Capital Transit Co.

accomplished

eliminated

from

Note—The

before

the

plan

the

plan

balance

provides

becomes

effective,

this

item

will

be

sheet.

for

a

temporary

bank

loan

of

$4,300,000

wheeled

transport

wagons

howitzer

:

In¬

.

J.

guns

presentation

and Coupon .No

York,

preferred

633,382

—

Prepaid insurance and taxes—

■Preferred

stock
stock

preference

615,857

—„

debentures,

due dates thereof,

trustee. Ho Broadway, New
registered debentures without coupons to the

less

supplies-

debits

Common

,

Other

$6

Co.)

Total
on

and

1,258,000
188,412

receivable——_

receivable,

Common

plant———:

Capital
on

cumulative

k

$

'

2,515,642

—

warrants

Total

$1,126

i__

31, 1943

.

and

properties

Reserve

payable

V

3,030,000

the proposed plan of Washington Railway

announced.

Coupon Nc.
on

will

'

124,007,014 122,168,757

__________

deposits

Deferred

$3,411,799

.__

„_—

—

Investments

First

withdrawn
17

To Pay Interest on Debentures—
Interest

due

surplus

Total

stock.

Investment

Jan.

and

:

and

neces¬

Company Act of 1940 the exchange of Alleghany Corp's.
holdings of class G preference stock for common.
Alleghany owns
.29,190 shares of the class B preference stock and
248,120 shares of the
.Pittston common.
C. & O. owns 22,426 shares of
the class B prefer¬
ence and 190,625
shares of the Pittston common,-

on

of

(Adjusted to .give effect to

considerable added amount of preferred.

a

——

notes—

Treasury
and

Materials

425,000

——

been

common

changed

an

shares

planned under the exchange to convert all "of the
holdings of Alleghany Corp., which controls Pittston Co. into
stock, while Chesapeake & Ohio Ry. Co. would have ex¬

Pittston

the

the

drop

twelve

or

would

sitated

share

and

Other

The

investments—

Liabilities—

Property

days

dividends

outstanding

Pro Forma

stock

30

(requirement)

common

shares

stock, respectively, upon the basis of the ratio of the
average
closing prices of the outstanding common stock and class B preference
the

S.

Prepayments
Balance for

common

for

$
other

Accounts

$3,836,799

———

'

dividend

Common

it

proposal the company was to reconstitute its class, B
stock as preferred and to offer common and preferred

stockholders

and

Special

1,199,869

:

the"

preference

U.

$5,036,668

——

charges—

income

Preferred

the proposal
plan had been

The

been

application

an

Exchange

Plant

69,411

abandoned

preferred stocks.

but

$4,967,257

revenue-

Notes

preferred
stock, par $1).

common

definitely

shares

revenue-

2,805,981

of 37,500 shares

pag

operating

non-operating

Assets—

carriages,

and

for

240

gun^.

mm.

six-

will
begin next month the building of carriages for another heavy gun."
In addition to these weapons this versatile arsenal at
present is also
making three-inch gun carriages, 81 mm. invasion mortars, 105 mm.
In

the

next

few

155

months

mm.

the

mm.

In

addition

we

shells.

plant,

which

,

has

already

turned

out

Volume 159

than

more

dozen

a

-

Number 4291

different

where

THE COMMERCIAL & FINANCIAL CHRONICLE

.

,

products

war

<

freight

only

cars

-rate

of

-

-

construction

muchv as

as-

Years Ended March 31—
Net sales, less cost of goods sold—

certain

items, according to Mr. Trautman.
.Not only is the:plant enlarging its heavy artillery production for the
Army, but it,is,also getting ready to start work later this' year on a
huge order for large-size anti-aircraft shells for the Navy, he reported.
on

—V.

159.

Quincy

Cold

Subs.)—Earnings—i.
Consolidated

;

Storage
\

>

Income

Statement,

Co.

Warehouse

&

Gross

Expenses

Years

r'•

Ending

income

Excess profits

tax:

and

!<

*

._

of

/;

—

provision -for

$260,000

estimated

in

1944

Federal

and

$66,500

■

Add

is

1943

$3,195,257

employees

$4,796,349

in 1943,
Which has not been charged to profit and

Consolidated Balance Sheet, March 31, 1944

"

■

18,900

780

-

135,000

145,000

*580,500

*832,500
9,278

earned

100,000

75,000

$302,315
24,319
193,639

$356,025

surp._

31,

$807,608

dividends
-

per

193,639

—

share/—-.-l-:

.

—

months

to

Federal

accompanying

March

Proceeds

1944.

the

from

sale

of

the

com-.,

"include provisions for the
retooling of our plant at Bell, Calif., which
purchased last year and is now engaged in war work, and the

'^.*After.(deducting"post-war refund of
1943.

tBefore

■■>•

$1.47

/./ /

—

$64,500

in

32.865.
242,049

$1.56 //

-

1944

reestablishment of

and

Spring Division.
would

$3,51 V

$92,500 in

on

the

introduction

templation."

Balance Sheet, March 31, 1944

;

,

capital

a

plant

the East Coast,

on

both to be units of the

Recognizing that expansion of the

considerable

additional

new

plastics

division

financing to keep pace with

industry, the directors decided that it would be more
advantageous to the company -and its stockholders to dispose of this
unit and concentrate on the further
development of its Spring Division,
together with expansion of its agricultural
Implement business, and

May 29, 1944, voted to merge with Detroit
Co.:/■". -..//,/
/,.-.//v'/";.■•/.

Steel

involve

the growth of the

charge.

special

Note—The stockholders

r

Sale

of

other

/-'•■•-

the

of

lines., of

new

/■. '/

.

Reynolds

manufacture

•/....<;,"////

plastics

division

under

now

'-/•

/

^

con-'

-

added

$972,921 to the com¬
Mr. Munn stated, "tha;

pany's treasury.
"As a result of the sale,"
company's-working capital will increase approximately $542,000.
The
total working capital
will amount to approximately $1,900,000,
and.)
approximately $1,300,000 of this will be cash after payment of out-;
standing VT loans of $750,000,. This should provide sufficient
working]
capital

to

capital

out

carry

present

financing."—V.

159,

plans and eliminate the
2123.
:/.
" '

p.

necessity

for

sur¬

payable, $39,288; accrued city taxes, represent-// plus, $728,400;. earned surplus, $1,604,831; total, $4,583,023.—V. 159.ing one-fourth of estimated city taxes for the year 1944, $30,000; .,./ p. 2310.
■
•/: ;.;/'
other accrued
expenses,
etc., $26,151; reserve for estimated Federal
and State taxes; $320,611; 5% cumulative
i Republic
preferred stock (par $100),'
Service Corp.- -SEC Refuses Delay of Death
$1,300,000; common stock (par $100), $1,450,000; capital and other

Sentence—

surplus, $475,665; earned surplus, $906,487; preferred stock in treasury
(488 shares), Dr$42,073; total, $4,506,129.—V. 157, p. 1564.

The

:/<;//

time

•

,

;

•

Income

•

/v::."47:;;^,:^/':/v;^/>-y
Gross

/ /

X. '>/■•■

income

/■

-

1943

$108,148

Fixed charges
Depreciation

and

general

office

expenses

Net profit on operations-^—_______

Finance

income

Net

__;

:

______*

:_

$10,831

due

maintenance,

The

/,/./';

1,

1944,

June

on

V'.''''

5// /• //,./'/

accruals,
Dr$83,035;
total,

13

opened

direct

$8,587;

'

2014.

York,
-

N.

The
N.

;•

radiotelegraph

Y.

'

following

Chairman

& : -

.

officers

Rathvon

.,

of

Potomac

RKO

Building,
■■!:■. /

service

RKO

(President

1270

Sixth

Avenue,

Corp.

on

have

been

stock."

common

of

and

RCA

Malcolm

is

,;

Austrian,

the

■

Co.)

sold

to

Edison. Power

the

Co.

was

will

buy

=

-

stated:

part

Executive

/"Since

the

entire

of

:

follows:

per

bonds

$100

Per

preferred

Per

common

—V.

159.

v/C-//'//

','/'/'

May 31, '44 Apr. 30, '44- May 31, '43
'
$245.29/
$241.56
$237.65
share

274.97

267.91

22.67

21.75

share„___

Profit

(loss)

or

Total

Income

Statement

for

Years Ended

Gross

.

v*/(

-

March

31

/::/''

sale

■

Govt,

on

*Federal

Selling

$2,567,616

expensesj-__u__uL_

profit'"

.

the

at

-1,800

.23,775

banks

and

lower

of

5,92b

' $33,472 v:

11,439'

-

11,267

-i 18.002

$0.33

>

$0.24

'

in

l

—

cost or., market, $504,142; ot'her
assets, $28,099;
preferred charges, $53,031; total, $921,140./ /

for

Federal

and

-.

and

and

Sheet,

Dec.

3t,

$22,219

1913

and

miscellaneous

accounts,

$12,115;

prepaid

items,

$11,331;,

$155,561.

'

Liabilities—Accounts payable, $10,322; notes
payable (bank), $6,500/
notes payable
(trade), $3,351; notes payable (bondholders), $6,880:
payable, $34,125; reorganization expense, $17,338; miscellaneous
$2,108; accrued bond Interest, $112,053; first
mortgage bonds,
$409,000; deficit (excess of liabilities over
assets), Dr$446,116; total,
$155,561.—V. 146. p. 3964.
.; /
/
./

reserves,

/

■

1942

..

.

,

Richmond Radiator Co.

132,737,

63,704

$3,144,723

256,135

-A-—.—

888,571

•

-

Cost

,

106,992'
330,000

.

301,000

3,630,000

—

252,000"

Total

41,220

336,006

t$1.82

t$2.70

post-war

credit

of

$29,000

tOn

for

equipment,-; charged
$516,432 in 1942.;// •

profit

to

and

3;////:/

Balance

Assets—Cash

at

cost,

in

banks

$13,638;

and

,

loss,

is

/

.

in

:

,

'

.

and

1943
.

)

on

hand,

/ /';

buildings,
and

machinery

amortization

total,

of

and

$3,100,408; marketable securi¬
$9,290,030;
inventories,

equipment

$2,231,963),

(less

reserve

$5,202,002;

for

$25,010,666.

Balance

Sheet,

amortization

Dec.

assets,

will

and

81,

of

$76,068
$73,792.

1943

,

certificates

accounts

of

indebted-,

receivable

(less

discounts,) etc. of $5,051), $199,403; inventories,'
$16,585; property, plant and equipment, $840,-

trade-marks, $1; deferred charges,
;
T'..."
■'//'/;•//': :;M'

$83,756;

total,

/

;/

income of

ac-.
on

Rose's 5, 10 and 25-Cent Stores, Inc.—Sales1944—Month—1943

Sales

$967,343

,

—V.

charges,
'
/

.

depreciation and

Period End. May 31—

deprecia¬

deferred

53,339

the year 1943, estimated.
$20,500; funded debt and long-term>
liabilities, $643,050; reserves, $11,092; common stock (par
$1), $692,425;
surplus, $479,269; total, $2,275,092.—V. 159, p. 2456.

receivable,

$6,675,114; special tool and die expenditures chargeable to current
production, $119,741;
bonus..fund
(less
distribution authorized
but
unpaid at Dec. 31r 1943r of $89,084), $109,503; investments, $296,618;
land,

for

doubtful,

other

good

76,314'.

17,453

Liabilities—Notes payable, $150,000;
accounts'payable, $197,869;
crued.interest, wages,' taxes, etc., $8Q,896: Federal and State taxes

Sheet, Dec. 31, 1943

accounts

for

reserves

58,638

income

on

$315,813; U. S. government
plus accrued interest, $400,875;

cost

$2,275,092.

$636,893

16,3571
$205,781'

___—„a_—__________$72,758
provision

Consolidated

$418,570;

depreciation and amortization of property, plant

and

profit

Includes

088;

fOn average number of shares outstanding.

23,061
$148,850

a_______a__a_a—„

/Assets—Cash,

643,070

370,035

$189,364

:__/_/a__—/„-a_

deductions

ness—at

1942 and $374,-

1943.

in

2,241,106

$125,789

income

f

13,996

397,962

—

$2,800,505

*201,499

a—------

Provision for Federal and State taxes

125,005

—

general expenses—_

_

$481,102

100,005

share_A-A—

common

and

State.taxes

on

income,

1944—5 Mos.—1943

$829,998

$4,267,596

$3,630,894

159, p. 2014.

Rutland

Railroad—Earnings-

Ry.

oper,

revenue_a___

$393,013

$396,674

$1,537,515

$1,448,692

Ry.

oper.

expenses____

366,700

341,932

Ry.

1,299,518

tax

24,407

24.365

1,507,082
100,370

Dj'1,366

Cr3,976

Dr 7,776

Cr2,277

Cr3,720

Crll,960

Cr7,845
Crl2,652

$2,817

$38,073

JDr$65,753

5,947

16,844

18,865

dividends

on

preferred
stocks, payable Feb. 1, 1944, $34,069;/
amount>of 3Vi'fa debentures due within one year, $100,000;

Equip,

George E. Egger, for years a sales executive for large food con¬
cerns, has been named assistant to J. Louis Reynolds, Vice-President.—
V. 159, p. 2310.

facil.

.

Net

.

1944

ry.

Total

$4,860,793

Operating .profit—i

income

169,942

Taxes

2,191

(other

than

deductions

$268,349

;

$8,764

$54,917

39,551

Br$46,888

$116,615

from
80

79

138

124.

33,430

33,428

133,710

133,707,

$21,410

t$180,736

t$17,216

__a___^

income

159,

p.

t$24,746

_

________

interest

accrued

on

r

outstanding

bonds,

but

unpaid.

2310.

*

St. Augustine Gas Co.—Sale—

t

.

:

;

See American Ga? & Power Co.—V.
158,

p.

1771.

•■

')".

41,434

;

Federal)

68,089_

-

16,613

—

$77,064

'

charges

*Includes

39,109

$566,175

$622,306

.....

•

92.607

$229,240

income/; (net)—
a.

>,

•___

deducts,

income

Net

2,087,511
.

$563,984

$622,306

________

1944—4 Mos.—1943

$2,486,693

4,098,629

.198,1.79

income

oper.

income

^Fixed

'1942

1943

(net)_L„_'

rents

tDeficit.—V.

Depreciation-^/—_a——_

St. Louis Public Service

•

\

Co.—Earnings-

'

Interest
•

charge^,

Provision

for

9,432

norm."inc.

Fed.

taxes

4,952

409,968

371,760

48,806

Period End. Mar. 31—

580

Net

income

charges

$25,500;

v

.

rents

Joint

1944—Month—1943

accruals.

Miscell.
*

.

Period End, April 30—

Other

earned surplup,
.V. • " /

Reynolds Spring Co.-—Earnings—

Sales/tnet/AA—iv-—A
$4,280,481
Cost' of )
saleS/A—3,313,729
Sell,, gen./and admin'., expenses—.,.-,
344,446

Net

6%

Reynolds Metals Co.—Official Promoted—

:

$125,000; 5% ' series cumulative preferred stock ($25 par), $2,000,000;6%
series cumulative preferred stock
($25 par), $605,100; common•

Other

sinking fund debentures dated May l, 1942, $490,000; 8%
cumula-/
stock (par $5), $80,035; common stock (par $1), $90,130;'
surplus from operations, $79,175; total, $921,140.—V. 159, p. 1044.

'

'

Net

$1,310,836

—

sold

Operating profit

Other

125,000 ■*/
—

products

158,742

•

surtax————

of

'_a—— ' $1,806,324
*1,479,036

"Other.1 income-

1,844,887-

/

sales

Selling, administrative

Dr9,815

(& Subs.)—Earnings—'
':,/''"//1943
1942

: Years Ended Dec. 31—

$3,090,834

'""/'

93,786
28,582

plant—,

profits- tax.

year

per

T Profit

fixed

tive preferred




-

$6,418,175

-contingencies

Note—Provision

.

Other

,

provision

Balance

Asseis—Cash, $9,449; accounts receivable (net), $14,912; inventories
supplies, $3,852; real estate and equipment (net), $103,903; sub¬

Net

ship contracts

and

property

.

1943; and

shares.

"

on

Liabilities—Accounts payable, trade, $119,946; accrued
payroll,- $12,x'
873;. accrued taxes/ other than on income, $11,497; accrued
interest,

$11,985;

157, p. 902.

$6,540,542

/ 6 Months Ended March 31—

hand, $195,210; U. S. Treasury notes,
accounts receivable, trade., $8,711;. inventories of merchandise

assets, $66,947;

$471

/

taxes

*After deducting debt retirement credit of $18,000 in
000

Consolidated Balance Sheet, March 31, 1944
In

20,450

loss

sidiary

$54,864,829 $32,988,887

:

shipyard

of

for

Profit Tor

•C:
-

24,550 ^

'

$35;711'
/

share^iL__A^//_LL-////_i_/_/_

^Assets—Cash

$65,000;

.:

dividends.

/* '

7,076

20,450

'

and

,

// 23,170.

1,725

and/ surtaxes_V/_/^,___.

Preferred.'dividends
per

Madison

Massanut-

605,890/

33,669

State. income,

Earnings

26,737
$5,307

1,181
7,931

(accrued)

Condensed
/-.

Co.—Earnings—

'Stocks.par $1), $643,070; paid-in surplus, $4,374,218;
$1,908,036; total, $25,010,666.—V. 159, p. 2310.

$688,882

626,781

•Debenture .interest and expense__^/:_r.„_:__„

Net

1,878,734'"'

$721,661

'

.Common

the

Co.

purchase money obligations, $101,825; notes payable (bank), $505,000/
sinking fund '3Vs$> - debentures, $1,150,000; reserve for contingencies,•

-■■'.'J

1943

$2,729,224

Federal' taxes.'. normal

27,900

debts
a„

interest

total,

of wholly owned subsidiary.^—

excess

principal

.

sales2,007,564

profit __L_-—
and administrative

bad

827;

(net)
of 1

$32,044

Liabilities—Notes payable, $4,240,000; accounts payable, trade and
miscellaneous, $4,413,084; accrued wages, taxes (other than income
taxes), "interest, etc., $752,433; Federal taxes on income (est.), $4,058,-

20.79

1944

Cost

Electric

and

Statement, Years Ended Dec. .31

income

on

tion

260.50'

Rand's, Pittsburgh—Earnings—

Sales

Corp.

'..Gross.profit
/i— L_^_a_—A__y__—a-a'
Storage and miscellaneous income

$203,614;

2237.

p.

for

690

,

$29,091

profit

Net

2,041,649

Earnings

RKO

995

$56,990

Depreciation

*

activity

income

$31,353

•

27,723,668

;

The company reports market Values of assets available for each class1
as

Net

•

88,033

$55,995

income

Reserve

v".-.

Vice-President;

$119,389

97,304

.,/

a

Holston

45,401,506

ties,

outstanding securities

and

subsidiaries may be retained.—V.

*4

Provision

elected:

Railway & Light Securities Co.—Asset Value—
its

The

the stock of

Power
/
;

•*" /

Income

Federal "normal tax

regular

)

Net

Bond

administrative, expenses— '
2,839,952
Officers'. and-employees' extra compensation-i,
/. 205,196

Loss

business of making, distributing, and the showing of
entertainment'through the medium of talking motion pic¬
tures, RKO believes that with its broad background, wide experience,/.',
unlimited facilities
and
vast .resources, • it
is. preeminently qualified
to develop the new art form that is television
programming. ) It is in
this field that RKO makes its initial television bow."—V.
159, p. 2455.

*.

Gas

Cost of goods sold___________-

Loss

'

$153,299

profit

Total

180,303

Administrative expense

-

Selling,.general.and

dramatic

of

granted.

American

Massanutten

Co.,

Rheem Manufacturing

Tf'

of Radio-Keith-Orpheum Corp.) as;,,
/' - // .y y
':.../':'-//-//';)/:--A-i

(Treasurer

//■,

in

as

of

/ ///-:'.--.

.

/.

.

of

Manufacturing

Kingsberg

Vice-President.
Mr.

.

_____

of

this,

1942

$299,6911

207,547

'

!

extension

Radio-Keith-Orpheum Corp.) ; as:,. 5c/e>jj preferred ' dividends...—
the Board;..Frederic -Ullman,
6Cb
Jr.
(President of Pathe
preferred -dividends......
as
President; Ralph B.: Austrian (formerly Asst. ViceCommon dividends

Inc.)

of

.

New

c.

Television

be

Co.,'Page Power

Other ,charges

the

will

Sales

/•,

yv

in

''./'//'/-V

■

—

News,

President

end

enforcement

1943 '-

capitals to
the direct,:'

Naples

the

'•••'"

.

Peter

the

the

1943

$360,846

;

sales

a

Co.

i

Rathvon, President,, recently announced the^-formation of a
television company to :be known as RKO Television Corpy"

executive, off ices

not

Water Corp.
*
The 10 Pennsylvania

for

reserve

„

Peter

until

for

/

,/"?(/ ,■."•:/./

and Rome, first of, Europe's great war
armies, it is announced.
It supplements
opened by the company between New York and
p.

present

Power

Power

$451,491.—V. .,152,',

York

159,

the

the") two-month

and

Allied

subsidiary

wait

:.'.//•

ten

Radio-Keith-Orpheum Corp.—Forms Television Sub;

with

would

■

River

$30,000;

deficit,

19,-1943,

subsidiaries,

Communications, Inc.—Rome Service Opened—

1.—V.

it

proceedings

of

profit
Miscellaneous
r

single step has been taken to effect such a
recapitalization," the Commission said in its opinion. // //>"••/■,.. ///
Since Republic has entered into contracts for the sale of the
Virginia

*$298

$375

X.H-----tr'.

company

service

Feb.

July

$17,669;

V.

New

that

court

participation. to the-

no

"To

3.410

.

to

announced

recapitalization.

Feb.

accord

10.331

•

3,186

-a—

—

$14,039

8,020

__

Liabilities—6V2%
cumulative preferred stock ($100 par),. $291,800;
preferred subscriptions, part paid, $860; common stock (10,000 sharesof no par value, less 1,455 shares in
treasury)., $42,725; 33/4% serial
mortgage notes, $142,000; accounts payable, $885; 3%% serial mort¬

fall

-

instituting

Cost

Operating expense

the SEC ordered Republic to dispose of its Vir-/
ginia subsidiaries-and recapitalize "on a basis which would cure the
unfair and inequitable distribution of
voting power and which would'

account. $387,412; cash, $17,260; accounts receiv¬
in hands of mortgage note trustee, $42,151; de- '
$2,705; claims against closed banks (less reserve of

charges.

between

Its

Co.—Earnings—»

Years Ended Dec. 31—
total sales

Gross

the

in Pennsylvania and Virginia.
:
granted a 60-day extension to continue its divestment:
subsidiaries under geographic integration: proceedings, and;

before

Rhode Island Ice

<

of

of

Commission.

operate

Commission

On

.

•/•■■:>)
v:'//;//:'/'v Balance Sheet. April 30, 1944

RCA

extension

•

provisions

the

Republic's

./ /•/.,.

;/v

notes,

by

10,072

__

taxes

$1,749), $571', total, $451,491.

4136.

34

63,321

Assets—Property

gage

year's

a

sentence"

20,716

able.- $l,392;f funds

P.

for

SEC

16,716

__

___

charges

Federal

ferred

the

to

period

'■'•/■':/-

/-

application

10,052

;

f

loss

•

was

Virginia

the

'

•

■

63,316

Bridge operating expenses

'Profit.

Republic

of

1944

$100,915

•

-

y"

which
to/comply with "death
Company Act was denied June

subsidiaries

Account, Years Ended April 30

r

corporation's
in

Holding

Quincy Memorial Bridge Co.—Earnings—

'

r

for

Liabilities—Accounts

.

.

provisions

pany's plastics division to Continental Can Co., Inc., effected last
month, will provide ample capital without resort To new financing.
The company's plans,
according to the'statement by Mr. Munn,

781

•

-

$27,152;

post-war expansion program by the com-,
by Charles G. Munn, President, in a state-,
the report of earnings for the

12

six

CM4.527 I.

400,000

•

.

purchases,

broad

a

pany was made June
ment to stockholders

1,225,000*

32,103

_____

•

,

bond

war

Announcement of

6,740

Assets—Cash, $734,154; U.-S. Govt, securities, $802,874; trade receiv*-'
yAssets—Cash- in banks and on hand,. $351,484; U. S. Treasury bills,-:;/, ablest less/reserve of. $80,000), $692,864; inventories, $1,462,573; other
savingsbonds -and,-, tax-seriesnotes,, $1,124,925;' notes receivable; (less \ ; assets,. $139,862/property,.-plant, and equipment (at cost, less reserves,,
for depreciation),.;$681',810/ deferred
reserve of
$15,000), $82,067;,, accounts receivable (including ,$110,426
charges, $68,887; total, $4,583,023.
owing from U. S. Govt, departments, "less reserves of $17,000), $283,-.
Liabilities—Accounts
payable
(trade),
$1,017,627;
accrued
taxes,
507;-miscellaneous accounts and notes (including $2,237 owing from
V $114,070;'.: Federal taxes on income (less U. S.
Treasury notes, taxemployees)/- $5,204;
investments, netc.,-' $54,159//fixed assets "(net), / series,), of $312,928), $534,997; reserve for contingencies and
post-war
$2,551,421; deferred charges, $53,363; total, $4,506,129.
;
;
;
adjustments, $99,000; common stock (par $2), $484,098;
t

,,

for

Broad Post-War Expansion Program-

2,270,518

16,800

1,860

for'prior year

fEarnings

//'*

4

$116,468; patents,
$128,842; total, $4,-

stock ($1 par), $290,000;
capital surplus, $965,939; earned surplus,'
$1,555,062, total, $4,702,635.

for

Common
«

surtaxes

■

$44,477),

charges,

was

after deducting any
in 1944 and $164,000
abandoned real estate

loss.

adjustment

1,788,584
/

2,059

Preferred-.dividendsa-v———-a

M-.
.

2,264,032

_a—

i—

tax—

of

deferred

mon

—

BalDtransferred.to

:

87,000

and

—

$1;

income
and
excess
profits taxes
(less U. S,
tax notes,
$410,000),
$269,390; other liabilities, $14,795; reserves for contingencies (general),
$275,560; reserves for workmen's compensation claims, $10,000; com¬

927

6,330

conting. " and
post-war
adjustments
„La-—

net

saving of .approximately $15,000
resulting from the charge in respect of

profits

Prov.

65,000^

r.

normal -income, taxes

tax

v' '.

3,472
2,646
■

SUndry other deductions—

$546,924
/';

290,000

//

-

in

Excess

66,500;

64,453

—

deducting-post-war credit of:>$450. '.„// /

? Note—The

,;

$3,307,371

Normal income tax ancl surtax-

*4,050

—

for doubtful accounts

interestexpense

$613,424 v

260,000

$433,704

dividends

After

1,825

1,287
>

for loss on disposal of land
an,ot used in operation-Warehouse,', trucking and delivery,
selling, admin; and gen. exps
Prov.

30,440

surtaxes

dividends

Common

2,614

——
-

amortization

Liabilities—Notes payable banks, $750,000; accounts payable,
$274,-,
customers' deposits, $1,653; accrued wages,
taxes, interest, etc.,
$144,164; payroll taxes, $62,901; property taxes and Federal with¬
holding taxes payable,, $60,810; unclaimed dividends, $644; liability to

663

4,912

-

;

$582,984

$697,754

'

taxes

4 Net profit
Preferred

20,611

20,628

■

income

7,717

.

$2,198,896
1,595,301-

$677,126

normal

—

(less

■

goodwill,
-

567;

26,260
15,541

___

-Total

1943

28,503

other /-'income—--—

•i Total

$4,788,641

/

,

1

:

Federal

earned

Recoveries on accts. charged offProfit on disposal of deprec.' assets
Sundry, other, income--.

31

March

1,658,939

•

^Gross profit
Miscellaneous

prior; years—

nad

702,635.

Prov.

v:a_______a_-___a;u._„_____a_____——_

Other vcharges
■

of

(&

■/!':

v1944
aaa/__—a/a—aA-aa,.-—^1 $2,364,568.

income

$3,158,169

—

'■'//,)/):,/:' ^//.'V

.

1942

5

Interest

,

Market

trademarks

1943

$3,284,304

facilities

emergency

1944

Adjustment "of provisions for deprec. '

■
-

1152.

p.

2S27

Reliance Steel Corp.—Annual Report-

,

were'made-Joefore; will/accelerate /its
100°/c

.

.

Earns,
,

profit,—J
ner

share

/

on

„

$186,294
common

stock.

*

$0.64'

$189,464
$0.65

$109,440,
$0.38

r

for

reserve

-

1944—2 Mos.—1943

•

.

■

The St.

other

cient

land and improvements, buildings, machinery
(less reserve for depreciation of $1,006,108), $1,448,712;

contingencies

•

$40,869

$139,963

$206,229

$431,281

Tenders Sought—

Balance Sheet, March 31, 1944

$88,475;

1944—Month—1943

.

,

'

Mo.,

assets,

and

taxes,

■

Assets—Cash, $838,867; accounts receivable (less reserve of $12,434),$1,109,746; advances'to salesmen, branch plant manager, etc., $1,664;
inventories, $942,623; cash surrender value of life insurance, $27,237;
and e/uipment

after

to

it

int.

Louis Union Trust Co., trustee, 323 No. Broadway, St.
Louis,
(CWT) on July 6, 1944 receive bids for the sale

will until 2 p.m.
of
to

to

1st

mtge.,

exhaust

July

6,

5%

the

bonds

sum

1944.—V.

of

due

March

$79,104,

159,

p.

at

2456.

1,

1959

to

an

prices not to

amount

exceed

suffi¬

100

and

Cob-—Common

Distillers

Schenley

Approved—
stockholders

The

common

stock

common

shares

approved a proposal for a

June

9

basis

on

the

on

of three shares
and adopted the

outstanding,

split-up of

of stock for each two

proposed stock purchase

plan for employees.

in accordance with the split-up are
Commercial National Bank & Trust CO.
York, the transfer agent.

New
The

of

value stock now held, and increases the number
common
outstanding from 1,260,000 to 1,890,000 shares, and
common
shares from 1,500,000 to 2,553,000.

par

common

time

employees,

to

V'v :

■

share

The

Oil

Safes

1

—V.

159,

Each

-----

Months Ended April 30—

12

Operating

Co.—Earnings-

profit after taxes

Federal

General

Net

drafts and accounts
receivable,
customers
$120,942; accounts
receivable from U. S.
Govt., $390,254; sundry accounts receivable,
$10 629- refund excess profits tax under "carry back" provision, $920,325'
property
plant and equipment (net), $598,727; patents and
development expenses (less amortization), $29,537; prepaid expenses,
catalogs, advertising material, samples and supplies, $45,921;
total,
$2,22i,52o.v ■'
.'■■'V',:'
Liabilities—Notes payable to banks, $500,000;
trade and sundry
accounts payable, $78,333; .accrued wages, bonuses, taxes, etc., $54,961;
provision for Federal taxes on income, $53,000; common stock (par
$10)
$641,659;
paid-in surplus, $90,393; earned surplus, $803,174;
and on hand. $76,684;
(less reserve of $14,579),

depreciation—
_
excess profits taxes—-——

Net

•

operations-

from

1802,

159. p.

2,282,107

400,982

378,341

705,511

759,749

Depreciation
income taxes————

Federal

Other

77,452

387,272

taxes

■;

368,967

$1,610,098

—

$1,684,576

5,938

income

Operating

Dr4,290

income

Other

668,784
86,836

733,060

——

taxes

income

State

Nov.

162,803

deductions

y

230,329

has now been

1936,

30,

income

income

stock

Common

————

———

the

for

1943

years

$1,449,957
319,488
1,000,000

_l__.

Amortization

bond

of

Net

31,

Dec.

construction ; contracts uncom¬
pleted, $23,687; Investment and fund accounts, $518; cash, $8jl2,954;
working funds, $11,000; U. S. treasury certificates, $750,000; customers
accounts receivable,
$580,905; customers merchandise instalment re¬
ceivables,
$4,602;
associated
companies
accounts
receivable, $650;
Assets—"Utility

receivable,

accounts

miscellaneous

$34,329,088;

plant,

$17,432;

materials

supplies

and

for

construction, $618,881; merchandise for resale, $6,294;
rents, etc., $85,506; accounts and notes receivable
$400,434; deferred debits, $468,220; total, $38,110,172.

operations and

insurance,

prepaid

(not current),

accounts payable, general, $167,-

Liabilities—Funded debt, $4,500,000;

payable, associated cos., $13,249; customers' deposits,
accrued, $61,939; taxes accrued, $1,037,658; other
current
and
accrued
liabilities, $5,333; deferred credits, $3,845; re¬
serves,
$15,847,839; contributions in aid of construction, $64,358; $6
cumulative preferred stock (53,248 no par shares), $5,324,800; com¬
mon stock
(2,500,000 no par shares), $6,071,866; capital surplus, $780,000; earned surplus, $4,136,804; total, $38,110,172.—V. 150, p. 4139.
885;

Scudder, Stevens & Clark Fund, Inc.—Net Assets—
each

$92.58

405,165,
V.

159.

each

$90.19

or

1190.

P.

outstanding

shares

on

May

on

31,

1943.—

and

Account

Loss

Gross

:

;/•

for Six

:v''-v•/

•.•

Gross
Prov.

i

profit
for

$9,505,257

$8,236,041
116,777

43,545

2,975,829

2,839,240

2,601,832

$6,366,705
36,417

$5,280,024
,
10,499

Operation

43,941

38,517

37,210

1,212

earned ——_

Discount

purchases—

on

24

—.-y-y
'

received

Dividends

——

Sundry income (incL scrap & refin-

sold)

ings
Total

Interest

8,534

103,030

$6,475,204

$5,338,786

$2,693,263

_———

paid

*.*

882

.

282

3,126

2,710

———

38,682

Hot

did

that Federal has refused
not

negotiate

to

nego¬

.y-'ft
because

yhad been

it

legal authority to issue revenue bonds to
y
-,./.
a

141, p. 2291.

$32,000

/,';■>/ft

(& Subs.)—Earnings— : ;

1944—3 Mos,—*1943

1944—12 Mos.—*1943

$

31,374,565

29,266,951

10,824,285

9,877,632

40,483,140

1,606,730

1,413,505

6,687,897

5,742,771

3.414,891

3,319,347

13,332,897

12,615,616

2,103,169

/ 8,087,183

7,992,000

278,676

1,147,940

1,197,653

1,900,491

8,130,572

7,554,285;

115,885,282 105,790,430
35,364,804

(other

res-

than

inc.
2,002,926

and excess profits)___

eign

inc.

Prov. for Fed. inc. taxes

Prov.1

for

Fed.

/' ■Net

oper,

Other

./

'2,212,741

_

income-

inc.

.

(less

1,461,332

6,477,913

4,355,472

9,157,348

8,912,799

31,537,740-

30.967,829

::

non-

Drll2,875

Drl75,748

Dr602,986

Dr660,977

_______

9,044,473

8,737,051

30,934,754

30,306,852

deductions—

3,283,302

3,349,613

12,705,718

12,394,362

1,999,170

2,032,584

8,121,800

188,584

?/ 143,594

492,077

3,573,417

3,211,260

9,61(5,159

deducts.)—

rev.

oper.

Gross income

on

stocks

cap.

int.

Minor,

in

income*

net

;;

269,388

9,487,8^2

Standard

inc.

of

and

Elec.

Gas

8,155,210

undis¬

Bal. of inc. of sub. cos.

Other

1,880,366

excess

profits taxes

'

«

275,278

taxes

153,482

153,785

614,473

614,594

3,726,899

3,365,045

10,229,632

10,102,486

Co.—

Total

1944
Lincoln

34,847

39,576

—

1,850

6.503

458

profit
Dividend payable June

Inc.

10,310

-

■

'i,

justments

Post-war

refund

notes
of

Bldg. Co.

•■:/.

Bldg. Co.

3,761,925

6,034,129

5,820,749

$22,720

2,132

116,747

—.

454,257

4,276

3,251

$166,563

Inc.

elimination

to

give

effect

of the
to ad¬

$9

\y.'•
y
Earnings of

Only

Company

1944—12 Mos,—1943

1944—3 Mos.—1943

$1,140,223

$1,178,376

$5,854,904

— _ _

$5,537,905

70.149

69,940

298,996

318,442

28,760

*

20,703

105,428

112,494

9,295

9,775

56,048

55,126

13,000

9,000

60,000

33,750

$1,019,019

$1,068,958

$5,334,432

$5,018,093

_ __ _ _ -

—

Taxes (other than inc,)_

$768

148

but :, which are applicable to these
""■'■•/r.-.-." '■
.y>/> ■■■■.<, y.

divs. and int.

from

ex pen ses

$480,800

1,109

Prepaid expenses and deferred charges________

and

Co.

Power

Corp., fiscal and admin,

Legal service
•

reflect the

to

purposes

Colorado

Period End. March 31—

572

receivable, trade—
excess profits tax
etc

■

,

$43,408

equipment,

estate,

3,675,031

subsequently

recorded

■■■'■

Lincoln

_____*!
and

922,330
2,333,297

comparative

Southern

y/y'./

Sheet, April 80, 1944

y

914,724
2,690.971

*

periods,

Assets—

for

of

accounts

6th & B'way
Cash

519,812

9,582,674

Co

income..

net

"Revised

*$5,932
'

Elec.

and

Consol.

$10,802

:

Balance

520,472
9,709,160

Standard

of

chgs.

Gas

20,581

y

1

109,418

3,255,627

1,645

income

Net

121,204
3,605,695

aid Gas and Elec. Co.

$41,792

—

on

Exp. and taxes of Stand-

Bldg. Co.

leasehold

of

taxes

Leasehold

income

for.

of

.

.

tributed

Bldg. Co.

;

Accounts

28,143

Ark.,

properties

Walton,

ft/.../y:' 'y.ft;.,'
it

proposed bank loans.—V.

revenues-

depletion

y and
Taxes

"Deficit.

Operating profit.———
Interest

Springs,
utilities

Gus

Approp. for retire., depr.

$14,913

$68,539

$2,537,846
15,152

Operating expenses

Hot

by

.y
•
stock purchase would be financed with

Maintenance

766

$5,183,223

162,723

& amort.^__—«_

deprec.

Federal

1942

of

Springs

held

Subsidiary Companies-

10,226

Months Ended April 80,

income

Amortization

t1943

1944

Hot

/ 1 '<y'./' ',/*• ;///•■/.■//' / "y'-./v'^
of the city's purchase price would be

"ft-

Period End. March 31—

Dividend—

V ^

Depreciation

y y

Teed,

now

stock, but

the city has no

11,648

6th & B'way

.;.;/;■

Expenses

Years Ended February—

H.

several
and

Prov. for State and for¬

.

Sheaffer Pen Co.- -Annual Report—

(W. A.)

> ■.y.y

y

50 cents.

Profit

1944, of $17,670,842, equal
outstanding, compared with $16,-

shares

190,875

on

375,000

$966,353

;•;;•

Ralph

said

Federal

payment and

Operating

(Swelldom Build¬

Company reports net assets as of May 31,
to

for

73,1231

1 paid a dividend of 50 cents per share (out
surplus) on the capital stock, par $1, to holders of record/
Payments last year were as follows;
June 1, 25 cents; and

16.

1,

375,000

$1,099,404

$1,350,000

purchase.

The company on June
earned

to

common

that

cash

April 30, 1944

Building Co.

said

the

to

766

ing), Los Angeles, Calif.—Pays 50-Cent

May

93,750

$227,179

;

•

operates

Mr, Teed's common

Divs.

of

93,750

$242,903

The city is opposing the proposal of the
Traction
Co.
to
sell
the Springfield Gas and

Teed

Bennett

Income

Dec.

$1,341,353

y

stock

finance

payable

and Broadway

$1,474,404

>

and

advised

.-'

976.

Sixth

$320,929

,\y

Springfield,

Mr.

Counsel

r

(trade),
$892;
accrued
liabilities,^
$2,013; accrued social security and withholding taxes, $454; accrued
interest on bonds, $66,002; lease deposits and advance rentals, $805;
income leasehold mortgage bonds, due Nov. 1, 1956, $776,500; capital
stock
(par $1), $1,553;
deficit, $109,383; - total, $738,837.—V. 159,
p.

813,553

$336,653

with Springfield.

tiate

$80,850

held under terms of trust indenture,
receivable (trade), $1,967; leasehold estate,
equipment, etc., $665,071; prepaid
expenses and deferred charges,
$42,105; total, $738,837.
'•.
'
•
^

interest

for

Light

Mr.

accounts

$94,595;

2260.

common

allocated

$18,860; accounts and notes

Liabilities—Accounts

824,168

formerly owned by Federal
Springs, y/ ■
/// y:'

cash

$10,833;

209,934

Standard Gas & Electric Co.

$12,172

Assets—Cash,

$2,154,906

207,321

———

Electric

10,226

—

.

Balance Sheet,

$2,298,573

„

p.

11,648

———.—

loss

1943

42,885

$530,863

'//,•,

___

deducts.-

Federal

•

Sheet,

Balance

158.

75,260

:'i—-

expense.—

3,540

$2,163,054
Dr8,148

"///

$85,727

—*

,

■

$529,481
1,382

dividends—i

stock

$650,000.

* Vftfty.

■

—

———

$2,255,686

$540,434

$543,975

(net)

other

missioners

Apr. 30, '44 Oct. 31, *43

"

—

Depreciation

'

reduced to 6Vi%.

taxes__i___

and

interest

Bond

1942.

or

(Ed\yards & Wildey
Calif.—Reduces Ac¬

not have to pay Federal excess profits

"Company believes that it will
tax

$1,453,232
319,488
1,125,000

.

stock

562,263

erties— y,yyy;

co-trustee, under the trust
mortgage bonds, sufficient

i—:

;

1,189,300

(An offer of $6,750,000 by the City of Springfield, ■Mo'., for the
properties/ assets and common stock of the company was made public
June 14 at a hearing by the SEC by Herschel Bennett, Finance Com¬

Statement for Year Ended April 30, 1944

Six Months Ended—
Gross

Expenses
Net

Preferred

$2.80

'

six

Earnings

$1,680,286

$1,616,035

___L__

income

Gross
Total

$333,352

$2.66

stk.

Co.

has deposited with the
the income leasehold

the

172,900

Springfield (Mo.) Gas & Electric Co.—Offer for Prop¬

securing

during

983,417

289,600

income

income

—V.

months ended April 30, 1944, to enable the co¬
trustee to pay to the holders of said bonds 2%
interest, June 1, 1944.
After this payment $9,163 remains on deposit with the co-trustee, who
is required, under the terms, of the trust indenture, to set up certain
reserves.
The distribution of 2%
on June 1,
1944, represents an
interest pavment of lVa%
for the six months ended April 30, 1944,
and
a
payment of % of 1% on account of. accumulated interest.
Therefore
the unpaid
interest accumulated since reorganization on
funds

891,400

335,678

Unpaid Interest—Earnings, etc.—

company

indenture

$6,229,360

income

&

Pfd.

$669,030

335,678

_

Building

Grand

South

201,400

96,390

Gross
Int.

$1,120,255
451,226

$652,316

^

v

,

877.606

902,527

213,300

income—

oper.

Net

$316,638

—V.

4,572,308

219,112

in-

of

Balance -i_

118,938 shares of com.

Earns, per share on

$9,255,039

220,342

142,712

preferred stocks

on

1,185,293

479,587

411,737

—_____—

accrued

$2,306,592 $10,238,765
5,999,852
1,183,700

& excess profits

Other

254,877

$1,064,053

—*_;

income

Dividends

The

$6,645,079

—y—

Maintenance
*

Net

$977,542

charges__

and interest

deductions

lieu

in

Co.—Earnings—
'
1944—12 Mos.—1943

1944—3 Mos.—1943

taxes

316,452

.<142,717

,

394,883

\ 156,928

,

132,600

$921,335

——

income

Gross

1942

1943

revenue

60,758

profits tax

excess

come

,

1,309,209

440,890
475,915

(net)

crued and

2,730,704

Operating

$3,470,270

300,334

■

—.

income

609

Electric Co.—Earnings-

(Pa.)

$115,919

64,222

taxes*

income

Charges

124,059

—-

Building and Annex), Los Angeles,
Scranton

1943

$3,654,819
1,392,283

_

for

Fed.

1944,

:

taxes

Income

$2,221,520.—V. 151, p. 3900.

totak

Co.—Earnings—

—

earnings

Other

banks

in

Assets—Cash

$166,449

*5,$52

$2,448,969

—

—_

income and

1942

$138,159

31, 1943

Sheet, Dec.

$7,859

Southwestern Gas & Electric

>

Balance

244,092

14,157

Operating expenses
Taxes, other than Fed.

revenues

Provision
1943

$103,569

'

443,421

69,340

•

i

Operating revenues

;

■

Operation

Schlage Lock
Net

2237.

p.

Sioux City Gas & Electric

Maintenance

calendar Years—

$803,962

96,905

operating income.,

Period End. March 31—,

subsidiaries, according to an amendment filed with
of the new Venezuelan companies will have a capital
159,

$667,730

$174,104

$27,016

___

taxes

income

1944—4 Mos.—1943

$201,191
111,941
62,234

expenses

/Deficit.—V. 159, p. 2015.

Federal

$7,238,661

$7,928,863

Net

Net

laws, the Sinclair
Venezuela as fully
the SEC.
of 100,000

corporation has organized, under Venezuelan
of Venezuela and Sinclair Refining Co. of

bolivars.—V.

2123.

p.

Co.

owned

1944—5 Mos.—1943

1944—Month—1943
$2,130,778 $1,406,494

Mav 31

Pprinri Fnd

common
July 15.

Organizes Two Venezuelan Subsidiaries—

Company-—May Sales Up 51V2%~

Schiff

on the
of record

Co.—April Earns.

1944—Month—1943

Operating revenues

of 20 cents

1

141,971,739

:

.

.

..

'

approved by the stockholders, the plan spec.tlra
that Lewis S. Rosenstlel, Chairman, and Lester E. Jacob!
President,
at their own request shall not participate.
V. 1.9, p. 2456,
r

(The)

quarterly dividend

a

fjj

6,270,626 149,157,183

6,584,990

—

159, P. 2456.

Operating
Operating

1n7C:nn

'

■

■

Southwestern Associated Telephone

stock, no par value, payable Aug. 15 toholders
This compares with 15 cents paid on
May 15, last, and 12y2 cents.in preceding quarters.
•
/..' /'//

presented to and

As

declared

8

June

on

share

per

allotment of 187,500
for sale from time

employees share purchase plan,
shares is authorized, after the split-up,
the

directors

The

the number of

authorized
Under

-r-V.

earnings

1943
$

1944

<J»

1

>

Gross

Increases Dividend—

Sinclair Oil Corp.—Again

1943

1944
f

Jan. 1 CO June 7

Week End. June 7

Period End. Apr. 30—

each s^arehold®^i>eceiyi"|
for each two shares of $5

stock of $3.33'/a

of

shares

split-up will result in
par value

stock

common

three

issued

be

company

week from the

obtainable next
of

to

certificates

New

Period—. 1

has called for redemption as of Aug. 15, next, all of
its outstanding first mortgage and collateral trust serial 3y2% bonds, .
series A, due Dec. 1, 1944, at 101 and interest, and all of the out¬
standing mortgage and collateral trust 4% bonds, due Dec. 1, 1951, at *
102
and interest.
Payment will be made at any branch in Canada
(Yukon Territory excepted)
of The Royal Bank of Canada or the
Canadian Bank of Commerce.—V. '159,. p. 1190.
" y
The

System

Southern Railway—Earnings of

Simpsons, Ltd.—To Retire Two Bond Issues—

Split-Up

Stock

Monday, June 19, 1944

FINANCIAL CHRONICLE

THE COMMERCIAL &

1528

Prov.

tax*:

for Fed,, inc.

•

Provision

for
to

Bonuses

bad

empls.

Contribution

to

debts.

———

officers

&

employees'

674,136

593,447

195,672

122,500

post-war

24,953

39,321

4,198,000

3,319,787

1,171,080

and

contingencies

225,000

475,000

rent

Dividends

Earnings

surplus—

per

or

deposits

and

$800,107

$934,807

Capital

473,572

514,409

Surplus

share—$7.09

$5.06

14,301

stock

accrued.,

(par

rentals

advance

Total

in

1943.

fRevised.

in

(less

connection

122;

other

$1,020,943;

$1,279,593;

Sheet,

trade

Feb.

notes,

29,

-V.

with

accounts

re¬

of $75,000), $1,321,892; claim against U. S. Govt,
contract cancellation, $69,902; inventories, $3,733,$965,881;
property,
plant, and equipment,

(net),

patents,

trademarks,
$148,754; total, $8,540,069.

and

goodwill,

$166,563

159.

$1;

deferred

charires

Operating

accounts

payable,

$177,206; customers' creditspayable in merchandise, $407,963; salaries, wages, bonuses, and com¬
missions, $436,511; employees' income taxes withheld, war bond deduc¬
tions, and other accounts payable. $112,807; "lifetime" product guar¬
antee cost (est.), $150,000; accrued taxes and other expenses,
$153,716;

3,675,031
$1,659,401

expenses

oper.

1944—Month—1943
1944—4 Mos.—1943
$10,755,696
$9,984,107 $43,242,610 ,$38,991,945
—7,200,999
6,289,862
28,991,788
24,485,066
2,278,666
2,304,677
9,039,391
8,952,614

income

income

$1,276,031

$5,211,431

$5,554,265

1,043,115

3,856,074

4,188,340

earnings

Taxes

Int.,

1944—8 Mos.—1943

$270,429

$2,164,094

$2,144,690

89,654
70,754

77,195

732,336

616,538

72,933

481,585

574,481

118,166

117,117

949,161

935,148.

■

deprec.

&

divs.__

no

Net

$4,537,954; total, $8,540,089.—V. 159,

"Deficit.—V.

643.

compared

as

year,

an

with

kwh.
159,

184,082.000
of

increase

1.2 ft-.—'V.

Mr.
fill

as

Chairman

the

the

board

of

has

W.

$768"

159,

p.

2237.

$3,179

*$16,988

■

vacant

James
C.

C.

since

the

Andersbn

McCobb,

"•/ •;/-•,
Rathbone, President

who

has

The

Ir.tter

director since

a

been

will

office

Chairman

of

has been
appointed

continue

as

a

elected

Vice-

a

Comptroller
director

of

"•
of

Standard

of

date.

1940,

■

June

Oil

Co.

of

to
the

,

Louisiana

since

6

as

a

$18,523'

director

of

Standard

Oil

Co.

(New

Jersey),

the

parent

for

alleged

organization.

Complaint Dismissed in Oil Patent Suit—
The

complaint

infringements
profit

executive -committee.

the

been

Abrams,

James

J.

"•

vacancy

President.
succeed

*'

y;

.

elected President of the company on Jan. 6. 1943,
create^ by the death of W. S. Farish, will remain

Gallagher,

to

succeed

$279,342

maintenance

par), Dr$13,725; earned surnhis (restricted in the amount of $13.725. representing the stated cauital amount of shares held in treasury)

operating companies in the
for the week ended June 10,

system

1936. has been elected President of Standard Oil Co. of New Jersey to
Chester
F.
Smith,
who
resigned
following his election cn

Co., Ltd.— Earnings-

1944—Month—1943

Period End. May 31—

and

p.

board.

M.

Gross

Co.

kwh.,
week last

Eugene Holm an; a Vice-President, has been elected President to suc¬
ceed
who has been made Chairman of the
Ralph W. Gallagher,

company.

Southern Canada Power

Oper.

and State taxes on income»(less U. S. Treasury tax notes to
applied in payment of $3,572,110),: $1,065,882; reserve for war
production contingencies and post-war adjustments, $700,000; common
stock (162.355 no par shares), $811,775; less in treasury (2,745 shares

$1,389,568

944,704

159, p. 2124.

be

Electric

•

-Frank
Net

/y.:;.;y.y;;y.:utility

public

186,364,000

corresponding

3,761,925

$1,256,161

$480,800

revenues—_

Federal




922,330
$146,628

Standard Oil Co. (New Jersey)—Changes in Personnel

Operating taxes

-V.

the

of

*&

Gas

totaled

the

for

Period End. April 30—

Operating

Net

Liabilities—Trade

1944,

880.

p.

Southern Bell Telephone & Telegraph Co.—Earnings—

1944

acceptances and

reserve

assets

442,496

-

,

Balance

Assets—Cash,
ceivable

20,620

105,124

output

Standard

p. 2457.

cess

000

1,185

Electric

320

20,620

$1

——_

__—

27,652
2,700

_____

$5.90

"Including $4,270,000 in 1944 and $3,280,000 in 1943 for Federal ex¬
profits tax less refundable portion of $427,000 in 1944 and $328 -

;

914,724

$104,295

.*

income

Weekly Output—/'

v

10,310

payable

478,586

y

payable

payable

Taxes

$1,132,651

—„—

Net

'

—

Lease
to

__—*—_

liabilities

Accrued
Ground

trade__

payable,

Dividend

__y

transferred

Balance

——

deductions...

Income

Accounts

48,865

adjust,

income

Gross

Liabilities—

profit sharing fund
Sundry deductions
"Estimated
provision <
for

—*___

506,246

savings

and

Provision

1__,

Total

of

in
a

an

action

patent

for

(Continued

to

recover

the

$1,500,000,000

manufacture

on page

2568)

-

of

an

anti-knock

Volume

THE COMMERCIAL & FINANCIAL CHRONICLE

Number 4291

159

Stock and Bond Sales
DAILY

«»

New York Stock Exchange

WEEKLY

-

United States Government Securities
furnish

we

Stock Exchange

a

YEARLY

-

aalei in dlwefarded in the day'a range, nnleei they are the only transaction* of the day. No account la taken of inoh sales In computing the

NOTICE—Cash and deferred delivery

Below

June 10

Dally Record of U. 8. Bond Price*
Treasury

4%s, 1947-52

Figures after decimal point represent one or more 32d of a point.

June 13

June 13

June 14

June 15

June 16

110.30

[High
\ Lo*
[Close

—

Dally Record of U. 8. Bond Prices

5

.

f

1965-70

Total sales in

100

100

Low

100

100

100

100

20

15

$1,000 units.

__

[High

] Low
[Close

■[

2%S, 1967-72

105

105

Low

I Close
Total sales in $1,000 units

1

Total sales to $1,000 units

[High

[High
2%s, 1951-53

Low

Low

•

[Close

Close
Total sales to $1,000 units

Total sales to $1,000 units

[High

[Hign

-j

2y4B, 1952-55

-j Low

3s, 1946-48

[Close

;

Low

I close'

■

1

Total sales in

Total sales to $1,000 units-—

$1,000 units
High

107.11

107.11

2y4s, 1954-56

j Low
[Close

Total sales in $1,000 units

Total sales to $1,000 units

1

High

.

27/aS, 1955-60

f

—

Total sales in

units

[High

-I

2%s, 1945-47

100.6

100.5

100.6

$1,000 units

14

1947

Low

■

Close

Total sales in $1,000 units

sales in $1,000 units

f High

High

,

2s, March

] Low

2%s, 1948-51

1948-50.

low

[Close

Total sales in $1,000

Close

Total sales in $1,000 units

units
High

109.10

Low

109.10

Close

2%s, 1951-54

109.10

Total sales to $1,000 units.

fHigh

■

2s, Dec. 1948-50

Low

■

Close

Total sales to $1,000 units

1

(High

[High
Low

2%S, 1956-59

2b, June, 1949-51—

■{ Low

[Close
Total sales in $1,000

2

[High

•

2s,

Low

100.5

[Close

-

100.6

Low

[Close

Low

■

100.5

[High
2%S- 1956-59

[Close

Total

107.11

Low

Close

[High

•

3s, 1951-55

Total sales to $1,000

8

Low

4

105

[High

•'

June 16

I Close

2%s

units

j

June 15

$1,000 units

[Close

3%s, 1949-52

June 14

100

[High

[High

•

June 13

[Close
Total sales in

.■

3y8s, 1946-49

June 12

[High
2%s, Dec., 1964-1^69—

\ Low

Total sales to $1,000

June 10

-

[Close

3%s, 1946-56

the New York

100

Total sales in $1,000 units

.

Low

units

on

100

[High
4S, 1944-54

bonds

fHigh
•{ Low

,

2%s, June, 1964-1969

110.30

Total sales In $1,000 units.

coupon

[Clos*

110.30

—

for the year.

*

Treasury

...

—

—

range

the New York Stock Exchange

on

daily record of the transactions in Treasury, Home Owners' Loan and Federal Farm Mortgage Corporation

during the current week.

Total sales to $1,000

2529

[Close

Total sales In $1,000 units

units

'

(High

[High
2%s, 1958-63

■{

_

Low

[ClOse
Total sales to $1,000

*

—

[ Hign
Low

units—

[Hign

\

28,

(Close

Total

f

1949-1951.

...

Total sales in $1,000 units

2%8, 1960-65.

Sept.,

2s,

Low

[Close

Dec.,

f

1949-1951

sales in $1,000 units

Low

[Close

—

Total sales to

—

$1,000 units

'

2%s,

'High
Low

1945

102.29

1950-1952—

•-

101.9

(Close

March,

2s,

102.29

.[High
1 Low

101.9

[High

;

[Close

■

.

100.30

102.29

.

Total sales in $1,000 units—

Total sales in $1,000 units

5

—

101,9

5

'

[High

;

2%fl,

—

\

1948

Total

[ High
] Low
[Close

:

[High

5

[High

Total sales to $1,000 units

[High
2s

t

•■{■

2Mi8, 1956-58

{ Low

[Close
Total sales in $1,000 units—

1
l%s

j Low
[Close

1953-55

-

■

f High

Total sales to $1,000 units

r

—

Low

[Close

[Close
Total sales in $1,000

2M»s, 1962-67

—

[High
j Low

1948

-

Total sales to $1,000 units

[High
f Low

Low

(Close
—

f High

—-j

100.13

\

1951-55—

2s,

[Close

,

100.13

$1,000 units

—

Low *

Total sales to $1,000 units

2%8, 1952-54

Low

5

2s, 1951-1953
Total sales in

\

100.13

$1,000 units.

—

Total sales in $1,000 units

100.30

[Close

in

100.30

\

sales

Low

[High

—-

—

2%8, 1950-52

4

1950-1952

[Close

Low
[Close

Total sales in $1,000 units

2%B, 1949-53—

Sept.,

2s,

units

—

Home

Owners

Loan

[Close

High

Total sales in $1,000 units

[High
2Mas,

\ Low
[Close

1963-1968.

Total sales in $1,000 units—

—

100

___

1%S, 1945-1947

100

Close

Total sales

10

•Odd

NEW YORK STOCK

lot

Monday

Tuesday

June 10

June 12

June 13

$ per share

•6i y4

62

114

*112

61%
114

62

114

*113

*52 y4

56%

*52%

56%

*59 y4

61%

60%

60%

*11%

121/4

12

12%

*30%

3iy4

31

31%

*21%

22

39

90

22%
38%

39

*86

*88

*153%

156%

59%
12%
*31

114

2%

slll

113

57

*51

591/4

12

12%
31

22%

6%
156%

21%
39%
*88

6%

*150%

S per share

62

31

40

June 16

$ per share

113

22%
40%
94

6%
155

61

12%'

Sales

Friday

June 15

*60

12%

89

*153%

112

62

5

'

62%

*111

60

1,400
30

700

12%

12%

12%

9,800

*30%

311/4

30%

31%

300

22%

22%

22%

1,600-

40'%

413%

41%

41%

9,100

90

88

88

♦87

6%

*150%

6%
155

22

'

6%
*150%

6%
156

80

45,500
—

2'/8

2%

2%

28%

28%

29

28%

17,200

29%

28%

29%

28%

291/4

28%

29%

54

54

54%

54%

16,200

54%

54%

5434

543/4

543/4

55

55

25%

25%

25%

26%

26%

26%

261/4

26%

261/4

26%

26%

27%

*83%

84%

12 y8

145'%

*84%

15

15

29%
For

85%

85%

85%

*86

2%

92

2

*85

2%

90

2

*87

93

Range for Previous
Range since January 1
Highest

1,400

12,600

Abbott Laboratories

No par

preferred

—100

10

Acme

No par
.23

Steel Co

Adams

Express

Adams-Millis

—1

Corp

No

Address-Mutigr Corp
Air

Reduction

——10

Inc

Alaska Juneau

Gold

Mini

conv

123/4

12%

4,400

.100

3,100

Allied

*14

151/4

*14

151/4

*14

15%

*14

151/4

*14%

.-

No par
100

Allen Industries Inc

1491/4

29%
page




2539.

29%

30%

29%

30%

29 3/4

30

29%

30%

6,100

Allied Mills Co Inc

10

Jan

13

5% Apr 18
124

Jan

3

1

Dye

No

par

3

No par

Mar 29

Jan

24% Apr 19
70

Jan

21

9'A Jan

3

141

Apr 26

13% Mar 18
29y4Jun

6

41 y4

Jan

57%

7%

Jan

16

25%

Feb

22% Mar 11
42'/2Marl3
May 23
6% Jan 45

161

Jun

3

Sep

14% Jan
38% Jan

48%

67

Jan

76%

Sep

Jan

7%

Apr

Jan

128%

Dec

3%
85

Jun

A

Jan

5%

Jan

32%

Jan

45%

18 y8

Jan

31% July

64

Jan

7

Jan

140%

Jan

13

28
Mar 16
85% Jun 13
13% Jun 12
Jan
7
16% Feb
5
35V4Mar27

150

July

Apr
32% July
21% Mar

2% Mar 18
Mar 18

Sep

13

16

90

63% Mar

115%
52

12% Jun
3iy2 Jun

333/a Mar 20

147%

see

6
37% May 18

75

Nov

Highest
$ per share

35% Jan

15

58

123/4

29%

19% Jan

51% Jan
108

Jun

3

147%

footnotes

10% Jan 27
26% Jan 31

61

4

146

29%

3

2

146%

Allied Kid Co

Jan

62% Jun 16
May 22
52% May 24

113

23% Jan

146

100

53

S per share

37

13%

15

24

t per share

1

146%

&

Jan

Lowest

100
oreferred.No par

Alghny Lud Stl Corp.
Alleg & West Ry 6% gtd
Chemical

47

1wr

—_

Albany & Susquehanna RR
Allegheny Corp
5%% pf A with $30 war
$2.50 prior

52 % Feb 21
109% Jan 17

100

No

13

12%

Par

Alabama & Vicksburg Ry

145

12%

$ per share

Par

4%

Year 1943

Lowest

13%

12%

registered bond.

STOCK

146%

12%

of

EXCHANGE

146

12%

*143%

2

NEW YORK

Abraham & Straus

54

2%

transaction

Shares

57

60

61

113

*53

56%

for

the Week

28%

2

sales,

STOCKS

Thursday

62

31%

22%

*153%

*60%

591/4

88%

'

t per share

*531/4

39%

6%

June 14

59%

39%

6%

Wednesday

56%

22%

156%

2

*54

62

90

6'/a

Ota

6

$ per share

61%

$1,000 units.—.

RECORD

LOW AND HIGH SALE PRICES

Saturday

$ per share

in

100

—

Low

—

10% Jan
16% Jan

3% July

75

11%
165

Sep
Sep
May
Jun

July
14% May
37% Nov

Monday, June 19, 194+

FINANCIAL CHRONICLE

THE COMMERCIAL &

2530

Range for Previous

STOCKS

HIGH SALE PRICES

LOW AND

June 12

June 10

$ per

$ per share

20

1974

20

99%

100

98%

99%

99%

36%
110%

110%

21%

21%

2174

21%

21%

21%

2%

274

2%

274

274

2%

2 3/4

*38%

39%

38%

38 74

*37%

39%

39%

94 Va

94%

95

95 74

92%

"2%
"38

500

3874

11,000

3874

111
22

3

,

3974

40

96

96

95

93

94%

.

1,900

:

"92 %

94%

27%

27 3/4

27

2774

2674

27%

64%

643/4

65 74

66%

6774

1874

1874

61

18%

18%

1874

183/s

17%

17%

1774

18%
62%

63

63

65

*63%

62%

62 %

*63%

"61%

16% ■;

16%

16%

15%

16

1574

39 VB

38%

40

40%

4074

4074

4174

15%

16 %

16%

38%

-

38%

•'38%

"129%

'

90%

10%

10

1074

10%

91%

91%

91%

91

176

176%

9%

131

Apr

25

16

Apr 25

60

Jan

3674

15,100

79

•1,800

77%

78%

78 3a

24%

24 aA

24%

2474

2474

2474

5 4,800

Am

24 Va

112%

*111%

112%

*111 Va

11274

117% /si

*11774

118%

*111%

112%

*116

117

116%

116%

117%

12

12%

12%

*2 %

13

12%

15%

"14%

15 Vb

15%

15%

15%

15%

*103%

10474

104

104

103%

103%

*103

15%

15%

1574

26%

27

26%

26%

2%

274

3

274

3 Va

3

9

9%

9%

9%

9%

25

94%

96

96

96%

; 3,100

2074

2174

21

2174

42,300

89

88

89

8874

8874

34%

34%

34%

34 7„

35

11,400
i 1,700

22%

89

89

89

343/4

4%

33%

33%

34%

343/4

3%

3%

3%

3%
*40

*88

34%

41

40%

*39%

72%

72%

73%

73 %

x73

73%

5%

5%

574

6 Vb

6

674

*67
'

"

9

16%

16%

17
92

15%

15%

"10%

11%

10%

-11%

"21%

22

22

22

"119%

121

120

•

7%

7 74

774

*4974

5074

*4974

50 Va

10

18

x.17%.

17 %'

1774

18%

31,700

*8974

91

90

90

•16

92

91%

92%

16

15%

16 4

;

-IIVb
-

22%

22

22%

-

22%

-

120%

36

35%

3574

353/4

2%

2%

2%

23/a

45%

45%

45%

47%

473/8

473/4

473/4

42 Vb

44

44 Vb

44%

4774

4474

4774

47

4774

44 Va

4474

44

44%

10

11

10%

11%

*171

177

io y8

10

177

13%

13%

69%

70

69%

72%

16%

17%

29

38%

155%

*155

.

155%

42

*148

149

*147

22%

23

23

23%

*15%

16

16

16

*147

i

20%

*20%

41%

41

\ 2,450

17Vt

i

18

1774

1874

1774

1874

i' 5,300

28%

29

V

3774

2474

15%

1674

15%

16

157/b

16

21-

21

21

2174

4374

29%

29%

1603/4

160%

Xl58%

.f

3,800

k

.)

1597a

1,300
j 1,400

29%

160%

160%

160%

67%

68%

69

69%

70%

69%

69%

69 74

6974

67%

69%

70%

70%

703/4

70%

70%

70%

71

149%

149 Va

149%

149%

14874

11%

11%

11

11%

1174

1174

117 s

127-4

46%

45%

46%

46%

4774

; 5,100

*11874

11974

*11874

11974

7%

774

„

149

148%

148%

10%

10%

10%

44%

44%

44%

45%

45%

46%

119%

*118%

1193/4

*118%

1193/4

*118%

.

,

4%

"SO

•25%

26%

26%

27

24 Va

*23%

-24%

*114%

116%

*114%

9%

*9%

2%

*2%

50%

51

*50%

5%

5%

86 Va

86%

5%

-

25%

26

2574

2674

27%

27%

28%

2874

30%

*23%

24%

116%

*114%

1167a

*10%

10%

10 %

10%

274

274

24

10

274

-

51%

51

5%

5%

2%

2%

5%

5%

87

87%

88

574

574

574

88%

88%

89

*103

104%

103

*10374

104

103

41%

41%

41%

10%

10%

XlOVa

10%

10%

10%

1074

1074

*10

10 %

10%

10%

9%

10%

974

9%

9%

9%

9%

114'

115

*114

115

*114

14%"

14%

*99

99%

99%

99%

*90%

92

92

92

*35-

38

14%

92%

15%

14%
100%

4174

*114

115

1574

1474

101

*36

102

93%
38 3/4

37,300
i

1074
10 Vb

15%
97

100

107

10

*10574

64%

64%

66

65%

66%

65 Va

66 %

6574

66 %

66

6774

64 %

94

94%

94%

94%

94%

95

94 74

.

39%

40 3/4

40

40%

40

41%

39 Vb

39

*27%

*59%

60%

HOVb

13%
*54%
*60%

*114%
*15%
<

80

3%

*28

*59%
30%

30

30
*110

12

28%

38%

*110

39 74 '

39%

39%

28%

28

28%

*27%

2874

60%

*5974

60 Va

*59%

60%

29%

30%

*110

HOVb

30%

:

*110

13%

1374

13%

14

13%

14 Vb

1374

54 3/4

54%

55

55

55

1

150

61%
116%

11674

10

*15%

1674

*15%

1634

1674

1674

200

12%

11%

12%

11

11%

11%

1274

1174

1274

11%

11%

81%

77%

79%

76%

77%

78

82%

8074

81

80

81

3%

3%

4%

4%

4%

20%

21%

20 Vb

20

7

20%
7%

'

62

*115

474

7%

X2Q

15

10%

10%

*22%

23

23

23%

15

15

16

16

62%

63
■

'23%
16

•

:

33,900

Baldwin Loco Works v Jt
Baltimore & Ohio
——

19,400

1574

15%

9,000

10%

10%

10%

700

Bangor

*6274

63%

*6274

63%

290

23%

2474

6,400

16 Vb

1,200

100
Barber Asphalt Corp..1
—10
Barker Brothers——1——-No. par
; 5%%, preferred—-—
50
Barnsdall Oil Co—1.
r~5
Bath Iron Works Corp—'
1:

■

24

*23%

23%; •

23%

2374

16

15%

13 %|'

1574

16

4974

16%

16%

4974.
1674

17

16%

*106% 108
8

♦107%
774

32 3/4

8%

28%
3274
108

8%

*47%

49

■

35

343/4

34%

113

111%

111%

10%

10%

10%

*33%
*111

*10%

50

4974

1674

1674

17

17 %

1774

1774

28

28%

32%

32%

*10674

108

8%

8%

28%
32%
108

3474
113
11

33%
*110

874

*10%

3374

,

28

287'b

28

15,500,

11,200

32 34

3274

33%

10774

*106%

10774

8%
*3374

874

874

*3334

3474

*111

113

113

*10974

11

1074

1074

11

11

11

11%

1174

12%

12

1274

1174

37%

37%

38

38%

38%

39

38%

38%

38%

40

,

700

2874

32%
*106%

12




,

8%
3474
113

1074

10%

1174

12-

40%

41

.

4,000.
10

4,300;'
20

5%

preferred,!—'

Bayuk Cigars Inc
Beatrice

25
No par

Creamery—:—;

$4.25 preferred—

Beeph

Creek

—1

Aircraft Corp.

Beech

RR

200

Beech-Nut Packing Co—

600,

Belding-Hemingway,
Bell Aircraft Qorp

8,700

-100
——50

preferred!,.—,P& Aroostook.!/

Conv

310

50

16%

.

4 %

*

'

*33%
*111%

*16

16%

1674

*47%

100

7%

15

10 Va

63

26

5

Jan

78%

Jun

Mar 23

30

Feb

367/s

Apr

Jan

4%

35

Jan

407/b

53%

Jan

70

May

5

May

July

21

Jan

21

74 Va Jun

5

43

50
—20
!—No par
--1
r

Jan

2

Apr
Jun

66%

Sep

Mar 25

37%

Jan

16

4%

Jan

9% May

8

5%

Jan

7Va

Jun

13

39 Va

7%

Feb
Oct

Jan

47

NOV

17% May

68

Nov

82%

16

12%

Jan

15 Va

Jun

Mar 31

7%

Feb

lOVa

Jun

Mar 15

Sep

24% Jan

5

20 %

Jan

27 Va

Apr

121 Vb Jun

-

,

16

116%

Jan

125%

Nov

Jun

16

x26

Jan

36

Oct

37

Jan 21

4% May

7

A

Jan

52% Mar 22

18%

Jan

48%

49% Mar 22

16%

Jan

45%

Oct

6 Vs

Jan

117/b

Jun

2% Mar

6

Jun

2%

Oct

21

Feb

14

9

Jan

3

Jan

22
3

15% Jun

16

10 Vs

Jan

16% July

3

73

Jun

16

54

Jan

69% July

11% Jun
170

16

Oct

173

Feb

154

1

May

7

17% Apr

8

8%

Jan

15%

21

18 Vb Jun

15

12%

Jan

18

3

Feb

16

25

Dec

3274 Mar

36 % Jan

3

36

Dec

30

39% Mar 16

Jan, 13

156% Jun

14

144%

Feb

39% May

9

43% Jan

20

35%

Mar

8

151

Apr

4774

Oct

151% Aug

19%

Jan

29% May

11% Mar

10

Jan

20

16 % Jan

16% Jan

3

4

Jan

Jun

Jan

115

Aug

16

17%

Jun

13

91

31% Jun

16

21%

Jan

32% Aug

1

127%

Jan

158% July

161% Jun

56% Jan

63% July

70% Jun

3

16

42 Va

Jan

71% Jun

3

57% Jan
.

17% July
33

45% Jun
128

6

Jan

16

43 Va

Jan

65% July

Jun

6

129%

Jan

146% July

150

7.

12% July

6% Jan

8% Jan

3

12% Jun

16

39% Apr

19

47% Jun

16

116% Apr

26

119% Feb

21

115%

Jan

6 % Jan

3

8% Mar 15

3%

Jan

84 % Jan

10

90 Vb May 13

53%

Jan

6 Vb Jan

3

9% Mar 16

3%

Jan

89% Mar 16

55%

Jan

3%

Nov

3 "

67% Jan

Dec

16

Jan

12

22% Mar 21

26% May 17

,

Apr

141%

22% Jun

Jan

Apr

Aug

45

24

27% Mar 16

15

Apr
May

,161.

Jan

49%

Jan

32

Sep

121% Aug
9

May

88%

Nov

8% July
.

79 Va July

4

Jan

3

44

Feb

16

50% Apr

11

42%

Jan

7% Apr
54% Mar

24% Jan

26

27% Mar 16

24 Va

Nov

3174

Apr

Jan

24

30% Jun

24

Jan

29%

Apr

25% Mar 25

16 Va

Jan

23% July

117% May 26

111%

Jan

.11% Mar 20

8%

Dec

14%

Apr

Feb
Sep

25

5% Mar 16

20

Jan

7

114

Jan

6

„

9% Jan 10.

.

16

Jan

Jun

16

34

Jan

47%

674 Jan

7

3

Jan

6%

Jun

16

46

Jan

Jan

7

49

Jan

Jun

16

30

Jan

xl0% Jun

13

6%

Jan

10%

Jun

10% Mar 16

4%

Jan

10 V*

Jun

3

57

"

4% Apr 19
74% Jan
85

Jan

35% Apr

90

9

119

3

18 '

9 % Feb

17

% Jan

42 %

3

8

Jan

4

Jan

3

85 Va Jan

115

4

12% Jan

3

102

90

33

1%

May 29

Jun
Jan

13

Apr
4
68% Mar 18

Jan

7

95% Apr

25% Jan

3

44

59% Jun

107

15%

Jan

97% July

Jan
Jan

39%

Oct

Jan

108 Va

Nov

Mar 15

65

7

32% May 17

24% Jan

14

107% Feb

18

111% Apr

14

11% Jan

3

14% Jun

6774 July

66

Jan

90Vb July

24%

18

Mar 23

Nov

38

Jan

36 %

44

Jan

68

18%

Jan

28% May

V19
"

16

113%

Mar

106

7

56

Feb

24

50%

Jan

62

Jun

12

52

Jan

May 26

117

9

113

Mar

7%

8

2%

Apr

19

84 % May

9

3% Jan

3

4% Feb

V 66

Apr 24

21%-Mar 16

3

9% Aug

Jan
3% Nov

85% Aug
6% Apr

10%- Jan

20%

Dec

10

Apr

Apr

9% Mar 22

9% Jan

3
3

9% Jan
60

Jan

Jan

3

31

May 22

105% Apr 26
7% Jun
8
31-

Jan

111% Jun
10 Vb Jan

10% Apr
on 1/.

Ton

11
12
3

25
1 Q

Jan

12%

Apr

34 V*

Jan

63 V*

Dec

26% Jan 24
16
May 4

12

Feb

28% July

Jan

15%

30

Jan

47

May '23
18% Mar 17

Mar
"

Jun

1
„

50

15% May 15

15

Jan

5%

3

66

24

15 % Jan,

6

22

17% Apr

4

25% Feb

3%. Jan

14%

12

21% Apr 25
12
Jan
4
43

Dec

Jan

28 Va

24

5% Jan '

18

Jun

16

Jan

13% May

16% Jun

Sep

68% July
123

Jan

13

25

Jan

Sep

57

19

7

Oct
Oct

13% May

52 % Apr

14 Vs Mar 31

May

Jan

6%

53 % Jan

112

Jun

94% July

44% Jan

May 31

30

-

Oct

Jan

29

16

37

3

15

110

Jun

59

97

19

Feb

40%

100

16

53 % Jan

■25

Dec

6%

16

102% Jun

May 19

Sep

84

v

72%

15% Jun
•

Sep

75

Feb

92

103 % Jan
82

Mar

3%

2

Jan

.

116

3 % Jun

2 Va Jan

42

16

"

-13:

1474

16%

28%

3

10J,

16%

108

(The)

2074

16%

32

of Del

20%

17

*28

prior A

20%

16

Vb

$5

1,830

20

16%

28

Nichols—

Austin

100
No par
No par
No par

20%

15%

32

preferred——

Aviation Corp

16%

49

conv

85,600

16%

*47%

5%

No par

.

4%

15%

49

preferred——-

15%;

62%

62%

Jan

13% Jan

-5
.—50

Corp———

474

77s

7

39

13% Feb

—100
———1
100
25
100

non-cum

474

774

Jun

5

5

26 % Jan

100
-—100
—1°0

Santa Fe
preferred——
Line RR
Atl G &WI SS Lines

4

774

87%

Jan

Jun

62% Jan

No par

preferred

4%

774

46 Va

Apr
May

12 Vb Jan

100
1
100
100

—

Atlas Tack Corp

6,700

-

9

1% Jan

163

14%

7%

10%

1%

40

10

7%

1434

10%

63 C

4

B

14%

63

*115

29% May

12

18

.

No par

preferred

,

*9%

*62%

6174

62

116%

Nov

16% Jun

15

2

—100

Corp.

Atlas Powder

1,220

6174
1167a

16%

62

116%

Jan

4%
10

Jun

6%
22%

44% Feb

—5
No par

——

6%

700

62

16 34

62
*115

Jan

14

93

Feb

32

No par

preferred

Atlas

7,800

14%
55

16%

62

13

Mar 22

50

8% Jan
20,

.12.50
—No par
—20
5

preferred
Atlantic Refining—I
4% conv pref series A

12,200

31

116%

61%

Copper

5%

11074

*54%

$5 div preferred

.5%

700

*16

16%

14%

10 %

;

*115

61%
116

7VB

*7%

..

14

55

14 Vb

*27%

110

■*.

14

55

7

*47%

3074

3074

Dec

xl9% Mar 16

115% Feb

No par

Atlantic Coast

60%

110

4

50

Mining

Atch Topeka &

1,800

12,000

29

*5974

55

14

*

10974

*28 34

6074

13%

,

*9%

3074

31

11074

28%

55

-

20

30%
HOVb

28

*59%

547/b

9Vb Jun

10

preferred————25

$5 prior conv

,5%

,15,500

94

95

92 Va

95

92%
'

class B

Goods
6%
1st preferred
7% 2d preferred
Assoc Investment Co—;

880

37

1067a

Jan

14% Feb

139

7%

460

102 Va

9574
37

*10434

Dec

7% Apr

preferred i.
i.
.-—.100
Amer Type Foundries Inc—.—10
American Viscose Corp
—-14
.5% preferred
,—.100
Am Water Wks & Elec
No par
$6 1st preferred
No par
American Woolen
1
No par

& Teleg Co

Tobacco^*—

Associated Dry

11,300

.

93%

106 %

42%

12

46

-

.6%

Artloom

10

115

102

102

6Vb Jan

Armstrong Cork Co__
No par
Arnold Constable Corp.—:——.—5

\ 2,700

3874

93 %
*36

Jun

11

•

100
——-.25
-25

.

7%. preferred

30
940

'i. 1,100

15%

Feb

104%

7% Mar 31

25

156

$6 conv prior

2,100

42 74

*114

18%

Jan

72

19

7

Mining
A P W Paper Co Inc
Archer Daniels Midl'd
Armour & Co of Illinois

1,500

•i

10

1574

Dec

11

Andes

600

10%

115

„

2,600

103

41%

41%

*104%

.105% ,105%

106%

4174

93

93

38%

*35

38%

*35

*104%

106

*104%

100
;

*114

114

100%

1574

15%

41%

V

90

.103

104%

41%

—
.

574

897+

104%

...

57

574

Jan

10

Jan

Jan

Anchor Hock Glass Corp

500
-

3%

55

5474

Jan

7 Vb Apr

Feb

Anaconda Wire & Cable

2,130

4

11

3

10%

41%

11

4

61

.

29

Anaconda Copper

29,700
,

*11474" 116%

3

54%

53

53

52

,

41%

104

*103

2474

24%

2474

*11474

10

3

87

87

26

Va

24

v

Amer Zinc Lead &

13,200

'

9%

974
*2%

50

11% May

6%
13%

97%

2

Mar

4% Jan
-

Mar 27

65

Preferred——.—,,,—.100
Smelt
1

1,900

I

■"

*47 Va

116%

24»/o

116%

300

5Vb

27%

27%

25%

.

50

25%

2674

2474
26%

.

27,200

81%

474
*48

112% May

8

3

;

111

.

,

7 4,300

8

81

474

3% Jan

1°°
No par

Common

v

90 Va

50

*47"

50 •

26%

81

4 3/4

4%

Feb

Feb

37

39% Mar 31 V

No par
—No par
—No par

Sumatra Tobacco

American

1,040

>

774

77b

774

116 Va July

96

90% Jun

Refining———100

,

150

*86

8

80 %

81

4%

*47

25

*23%

80%

5

4%

.•

90

7%

7%

774

50

24%.

*114

874

80

}. 4,200
5,700

14974

149%

90

7174

.

81%

774

7%
793/4

:• 4%

.

90

90

?0

73/4

.7%

7%

•" 7%

'

,

'

.4%
*47

50

*47 '

,7%

:

79%

78

4%

73/4
90

*88

*1183/4 119%:

..

7%.

7%

78

-

.

90

.

11%

r7

7

6%
*87

-

Nov

May 26

102

8

147

Stove Co—

Amer Telep

18,500

7074

Apr

107

5% Mar 16

19

147'

American Sugar
Preferred

-Am

34,200

46

69

68

148%

V

15974

70
7074

159%

158%

158%,

18%

13

25% Apr

Jan

No par
---100

Steel Foundries

1 American

31%

Jun

^ July

3

■*
„

Apr

18.50

American Stores.—

1,300

*28%

-

Amer

1,700

t

29%

161

10

—25
preferred——...100

non-cum

S

.

30%

30

30

30%

30%

293A

Jan

29

10

59

—No par
No par

Seating Co

.

4574

■

*127

128

128;

Jan

33

Co

Ship Building Co

12874

45;

44%

4474

44%
127%

—-—

Amer Smelting & Refg
Preferred — .
American Snuff.——
6%

28,000

21%

127%

■■■;

50

21

128

j

700

.

2574

2474

2474

2474

^

68

15% Jan

Light.

'

24 Vb

.

Amer

•

490

148

148

14974

5

Jun

100

preferred

American

750

f

4174

41%

4174

*41 %
148

*14974

-

4

■American Safety Razor—

1,600

10,000

15574

155

156%

156

39%

38%

38 3/4

3874

'

42

*41%

28

2774

28

156%

*147-

443/4

43%
126

125

73

1674

21

21

43%

42

72

16%

243/4
16
7

153/4

1

21

20%
125

125

125

7174

1674

38%/

149

23%

H

70%

1674

156

42%

*42

149

.52,200

70%

X28

~

3874
156

155

80

24%

—

15%

1474

Nov

3Vb Jun
-

26

-3

No par
No par
$6 preferred
———No par
$5 preferred
No par
Am Rad & Stand San'y
No par
Preferred
100
American Rolling Mill
—25
4%% conv preferred
...100

8,900

17%

29

-38%

..

42

42

42

38%

1474

45%

Jan

59%

6

Jan

-

29

Amer Power &

176

*171

14%

91% July

185% July

10% Jun

19
25

14% Feb

American News

149,700

11%

11%

r

Jan

53% Jan

80 % Jan

6%

7,200
«

1674

18

2874

29

156

11%

143/4

x70

163/8

16%

17

38 %

38

16

16%

29

16%

"28%

16

16%

"15%

Amer

13,400

2%

2%

176

*171

176

14%

1474

70'A

6974

14%

10%

11%

*171

176

*171

14 %

13%

,

Amer

590

37

,36%

.

9% May

Jan

Nov

71%
168

24%

105

preferred
100
& Fdy Co——No par
Mach & Metals
-No par
Metals Co Ltd.—
-No par

1%

"

2%

4774

42%

44

42%
"170

23

Amer Mach

1,270

36%

13

16% Mar

7

Apr

12

13

*

Apr

8»

1

2,700

i

274

2%

36

2Vb

10%

•i

12174

3674

121%

,

11%
23 Vb

%

120

12074

5

2 % Mar

3%

16

Jun

Apr
Aug

134

,

Corp..—No por
American Invest Co of 111
1
5% conv preferred—
—-50
V American Locomotive
No par

,7,100
| 1,600

22%

'

•

12074

120%

*119%

2%

2

22%,"

,

1674

IIVb

11%

11%

1174

*1174

' lll%

-22%

-

,

16

-•

18

Internat

Amer

j 1,900

1574

18%

913/4

~

120

35%

36

36

7%

50%

15%

-

•

400

7%

*49%

173/4

92

/

*7VB

'

50

'

1774

17%

92%-

j 3,300

774

7%
50

1,000

9 74

874

9

X874

9

*874

•

"

7%
50

*49

15%

9

8%

92

15%

-

9,300

*

Jan

120

Mar 10

25

———1
6% conv preferred——,
50
American Home Products————I
American Ice——.———-—No par
6% non-cum preferred—
100

1,900

<

674

70%

127%

25% Mar 22

10% Jan

& Leather—

American Hide

to •

i

67 b

70%

71

6974

74

73%

674

6%

-

70

'

9

*7

7%
50

70

.

674.

6 Va

40%

*39%

,

74

73 74

73%

73%

*68

41

*39%

41

*39%

4

43% July

.

10,100
,'i

-

"39%

67

4 Va

4

4

4

4

4

40 74

"8%

26,400

374

374

374

374

4

257i

25

2474

24%

Jan

112% Jun

-

108% Feb

101% Feb

Nov

9%

Jan
Jan

81% Mar 23

20

14

61

4%
27%

39% Mar 16

26

European

Amer

: 2,100

26

Jan

Jan

12

176

*

18
4

23

Distilling

Encaustic

1

5

108% Jan

Co stamped
20
Tiling—1
Sees—-——No par
American Export Lines Inc.—•——1
'Amer & Foreign Power
-No par
$7 preferred——
No par
$7 2d preferred A
—-No par
$6 preferred—
—
No par
American Hawaiian SS Co
,10

2,600

Mar

Dec

16

11% Jun

May 12

-

18%

Jun

91% Jun

-

76% July

Jan

47

6

Sep

Jan

8%

16% Jun

33 Vb Apr

Cable Inc
-No par
preferred-,
—100
Chicle.-———No par
Colortype Co
-—10
Crystal Sugar
10
preferred—
i
—100

American

7,700

974

22%

23

"7

3VS

934

1st

Amer

'j 6,300

3

.

•-

963/4

21%

"48%

26

257i

70

3%

88

8%

974

6%

213/4

88

67

104

t

.

95%

22%

67

American

American

474

88

"64%

2,600

.

97%

4

21%

3%'

3%

3VB
10%

243/4

23

33%

15%

97 Vb

4

97%

97

V i' 240
a,200

American

1274

26 %

3

974

118%

*103

104%

26

118%

A"

52

16

.

66% Apr

3

68% Jan

conv

15%

••

'

•

-

25

24%

25

3%

3%

9%

9%

*24%

97%

8

82

Chain &

5%

20

V

16

Jun

19

170% Jan

Can—:—...

*12%

*103

26% '

26

27%

2%

.

112%

13

12

25

243/4

*112%

34

preferred ————100
——1

Cable & Radio Corp

Amer

3574

'

Jan

132

7874

'

23

12

American

soo

Jun

14

14

36 34

.

86 Va

37% Jan

78 VB

:

Jan

126% Apr

3574

178

Oct

x67

67% Jun

14
,

2% July

31%

100% May 18

*

43

5 % %

*2,800

22

Drake Shoe Co———No par

Am
-

7% Jan

-1

Corp

78%

12

3%

Bosch

American

98,900

178

Jan

58

2

American Airlines

3674

178

Jan

13%

31% Jan

3574

178

%

21

May 17

78

178

17

26

78

X178 "

16

Mar 29

36%

178

1

Jun

3% Feb

82

73

,

111% Jun

40 % Apr

35%

176

117

97

23% Sep

24

12

■

"11%

"24

Jan

105

———100

35%

'

112%

27

17%"

—No par

Mfg

—-25
Preferred
X—-——---—100
American Car & Fdy__
No par
!J% non-cum preferred
—100

34%

34%
"76%
77%
23%
23%
"111% 112%

104

1174
91

43 V* July

28% Jan

'

20

♦

11

8974

11%

91%

97

Jan

23%

176%

34

"116

131%

*130

'

10%

91%

91

10%

91

9%
90%

176%

*129%

131

*129%

129%

129%

131

*129%

131

9%

Jan

26 Vb

4

<6,300

43

42

73%

5

19

17,600

1634

1574

5

Jan

40

Jan

40

65/

*63%

16

100 Vb Apr

19

9,300

19

18 34

1674

65

20% Jun

3

Amer

6,200

62%

64

66%

63%

65%

63

Sep
Dec

27

96% Jan
33 Vb Apr
Apr

1,900

28

27%

27%

27%

x27%

27%

16 V2

14% Jan

Agricultural Chemical-No par
inc
10
American Bank Note—
10
6% preferred
T—.—50

400

3934

*38

6,300

3 74

$ per share

Jan

100

preferred.,

conv

Highest

share

per

No par

Corp

17% Apr

4%

2,800

3

shar."-

Alpha Portland Cem__
—No por '
Amalgam Leather Co Inc__,
1
6% conv preferred—
—50
Amerada Petroleum Corp___No par

1,400

21%

$ per

share

6%

preferred—

5%

Allls-Chalmers

11074

2174

3

,

29,200

9974

3874

2174

21%

*21%

Allied Stores

2074

111

111

111

111

11074

$ per

Par

19%

Year 1943

Lowest

Highest

Lowest

Shares

share

*99%

9974

3774

36 74

110%

110%

20

*9974

38

373/8

3774

37

37

36%
110%

S per

share

19%

19 34

20

99%

100

"99%

share

19

18%

18'/a

$ per

$ per share

share

$ per

June 15

June 14

June 18

Range since January 1

STOCK

EXCHANGE

the Week

June 16

YORK

NEW

Sales for

Friday

Thursday

Wednesday

Tuesday

Monday

Saturday

5%
12 VB

16
Apr 13

29 Vs Mar

35

108% Feb 28

23 ys

,,

24%

Jan
Dec

3

Feb 15

11% Jan 24
15% Jan

11

.Inn

16

41

7% Nov

25%. Jan

34% Jun ,12
117

Jan

105 Vb
■

11% Jan

Jan

13% Jan

18%'Mar 15
"

,

93
1

Jan

9V»- Deo
9ya Nov
33

Nov

Sep

Sep
19% July

'

,20%
X29

Mar

uiy

33% July
*110

Sep

14% Sep
33% July
Aug
114
11% July
20% Mar
3974

Apr

Volume 159

THE COMMERCIAL & FINANCIAL CHRONICLE

Number 4291

LOW

AND

HIGH

Saturday

Monday
June 12

June 13

$ per share
*18

18%

*56

58

*37 %

38

18%

$ per share

19

xl8%

58

*37%

38 %

18%

18%

183/4

*56

Sales for
the Week

58

NEW YORK

Lowest

2,000

Beneficial

3,300 •

Best

&

9,900

Best

Foods

19

$ per

Par

Pr

58

*56

Range for Previous
Range since January 1

STOCK

EXCHANGE

Shares

$ per share

$ per share

18%

*56

38%

*56

58

Friday
June 16

Thursday
June 15

58

18%

18%

*56

STOCKS

PRICES

June 14

$ per share

$ per share

SALE

Wednesday

Tuesday

June 10

2531

Indus

No

Loan

17

par

*17%

18

17%

18

17%

17%

18%

373/4
18

18%

383/4

38

373/4

18 3/a

19

60%

18%

61%

Co

No

$ per

share
4

Jan

par

Lowest

Mar 13

19

$ per share

13% Mar

173/b

24

543%

Feb

57

Nov

39% Mar 25

22 3%

Jan

38

July

J 7

Jun

-1

15 3/, Jan

20

No par
100

56 % Jan

4

62% Mar 16

1153/8 Feb

2

121% May 23

No par

37% Feb

24

No par

16% Jan

3

20% Jun

13

73/4 Jan

3

10

Jun

16

18

3% Jun

—,

Highest

$ per share

share

56% Jan

537/a Apr 21
33% Jan 28

pfd $2.50 div series '38_No par

•

38%

38

37%

Year 1043

Highest

19 Va Mar 22

8%

Jan

Sep

'

57%

58

59%

60%

59%

60%

119%

119%.

119%

119%

47

47%

47%

47%

47%

48

47%

19%

19%

20%

20%

20%

Xl9%

8%

9%

9%

47%

9%

47%

47%

48

19%

19%

19%

9%

60%
120

120

Bethlehem

27,000

20 %

9%

19%

8%

60 3/4

120%

47%

19%

593/4
120%

58%

119%

119%

»■

900

Steel

(Del)

7%

2,800

preferred
Bigelow-Sanf Carp Ino

3,400

Black

1203/4. 1203/4
.

.

8

Jun

48

54

Nov

110%

69 Va Apr
121% July

Jan

27%

Jan

16

Jan

193/4 Mar

Jan

11%

40

Dec

•

*18

8%

13%

50%

*50'/3

*100

50%

94

*93

94

*49%

50

50

41%

41%

13%
X51 %

51%

*93

50

'

9%

*183/4

18%

19%

*16%

17

13%

*183/4
16%

17

*101

101-

101

14

50%

51%

*93
*49

*16%

101

13%

13%

18%

19%

16%

16%

16%
101

*99

13%

*18%

19

16 %

101

12%

9%

*18

,19
16%

*16
*99

9

*101

103

51 %

94

49%

493/4

51%

93 %

*93%

50 %

493/4

94

50%

51%

93%
*493/8

51%

94

41%

41 %

115

*113%

117%

*31%

31'%

31%

31%

31%

32

31%

32%

323/a

32

38 y4

38%

38%

39%

39%

40

39%

40

39%

39%

*4%

43/a

393/4

40%

41%

*113%

115

4

*3%
39

41%

4

39

15%

50%

*3%

4%

4%

39%

*39%

41

413%

41%

*113% 315%

4%

*39%

39%

393/4

*115

143/4
513/4

41'/a'

%

3,900

16%

%6

16 3/4

52%

*50 %

*50%

52%,

,

10%

10%

10%

10%

10%

10%

10%

11

X103/4

10%

11%"

34%

35%

35%

36%

36%

36%

36%

363%

x36 %

37%

363/4

38

44%

45

45%

45%

46

46

45%

45%

*45%'. 46%

46%

46%

51%

50

50

50

50

*49% ■: 50

49%

49%'"

20%

20%

213/4

21

21%

44%

44

44

44

44

19%

19%

*19%

19%

20%

20%

44%

*42

44%

44%

*42%

19%

9%

19%

20

20%

x9%

10

*115%

118

9%

21

*43

20%

20

20%

10

21%

*44

10%

9%

116%

116%

*116%

8%

8%

7%

193/4

,

203/a

10

10%

-

18,700

27,700 "

119

20%

10%

10'/a

1173/4

7%

8

8

146%

149%

149%

64%

65%

8%

*1163/4

118

1173/4

73/4

8

*7%

7%

65

63%
8%

'

8%

*18

8%

150

66%

9

9

*147

150

*147

150

64%

64%

9%

8%

18%

*18%

65%
9

300

213/4

18%

17%

17%

17%

17%

17%

17%

*33%

34%

34%

34%

34%

34%

34%

343/4

*29 %

29%

29 Vb

29%

29%

30%

30%

30 3/4

>109

183/4

9

183/4

17%

18%

19

8%

20

240(

17%

35

35

34%

30%

30%

'

*109

13

13

13%

13%

13%

13%

14%

13%

14%

14%

5

5%

5%

5%

5%

5%

53/a

5%

5%

*63

66

*63

*63 %

65%

*109

*63

*109

110

*109

110

*109-

66

*64

66

*48

48%

48%

48%

48%

50

*48

49%

49%

49%

50

10%

10%

10%

10%

10%

11

11

11%

11%

29%

29%

28%

29

29%

29 %

29%

29%

293/4

29 %

29%

3

3

13%

13%
80

80

22

3

3

14

80

*

22

3%

14%

14%
81

81

22

22%

22%

28

3

14%

80 %

.

28%

*62V4

65

*293/a

3

3

3%

3%

3%

14%

14%

143/4

80%

80%'

81%.

22%

273/4

27%

273/4

55

*53%
*%

27%
55

*53%

*54

%

%

6Va

6

%
6Va

6%

-

v

*22 %

22%

22%

223%

28%

28 y4

28%

28%

29

55

22

28

55

*54

7

11

543/4

543/4

55

55

'n-

n

6%

U
6%

6%

%
6%

18

193/a

19%

20

28%

28%

28 3/4

293/a

42

40%

40%

9%

93/4

9%

9%

9%

9%

45%

45,%

46%

46%

*45 Va

46 Va

8>/a

8Va

8%

83/4

ay*

8%

*48%

6Va

*38

•

180

8 Va

*73/4

"

111%

110%

49 %
111 %

28%

283/4

28%

49%

*48%
*111

*27%

41

49%

*28%

4%

4%

4%

35%

*147%

35%

36%

36%

149

48

29

-19

6%

x

19%

19%

19%

29

41

,

333/4,

96%

34%
97

96%
120

120

9%

-

46

*

8%

49%

111%

111%

111%

111%

*28%
4%

43/4

37%.149%

49%

37

*149.

49%

35 3/a

343A

29

29%
43/4

38%

373/4

X34%

97%
119%

150

49%

'

49

>

34%

343/4,

97

97

119

120

xS63/4
X119

40

150

14

14

14%

14%

143/8

14%

143/a

14%

143/g

17%

173/4

17'/a

173/4

17%

173/4

17%

17%

17%,,

20

20

2Q%

20 3/8

20% 1

20%

203/4

20%

20%

2Q3/4

21

3%

3%

3%

3%

3%

*110%

HI %

110%

110%

3%

3%
111

111

111

3

111

3/a

111%

„

*9%

111%

*9%

10

10

10%

10%

10%

10%

10%

10%

11

25%

25%

25%

25%

253/4

263/s

26

26%

26

32/b

32%

5%

118

!115A

118

*115%

10%

*10

5%

10

10%

1153/a

32%

32

*10

*115%

II53/8

32

32

32

10%

*10

118

10%

*115%

32%

*10

118

*115%

*64

-

\64%

*62

64

32

69%

33

*18%
25%

113

323/4

;r

18

18%

X25%

113

33%

12%

12

12

44/a

44%

44%

45%

6 5/8

6%

6%

*14%

14%

14%

14%

*112

33%

333/4

12

44%
6%

7

68%
*67

25%

112

*11%

J-

6%

68

25

*112

32

■

67%
68

18%

243/4

111%

6 3/a

67

*18%

243/4

111%

6%

67

64%
*65

18%

18%
*24%

6%

323/4

32%

6%

6%

63/a

69%

68%
68

68

12

7

14%

15

6 %

18%

18%

25%

25%

113

*112

33%

18%

33%

253/4
*112

34%

12.

■

18%

25

113

12

12

453/4

45%

46

6%

33%

12

45%

45%

•

68

*67

„

7

6%
15

7

15%

6

6%

5'%

6

6%

6%

6%

23

233/a

22%

23

23

23%

23%

143/4

23%

6%
X23 %

15%

6%

5/o

107

3,100

.

1,800
13,8007,000

153/4',

4,500
10,200"

63/4'

^

253/4

26%

26

263/4

57%

56%

573/4

57%

583/4

24,200 '

17%

17%

17%

173/4

18%

4,400

18

18

18

19

19 %

19%

19

19 3/a

18%

19

18%

19%

45%

45%

46%

*45%

46%

*45

45%

*45%

46%

53

*52%

53

*52%

53

*52%

53

14%

*14

*14

14%

*14

14%

*14

*15%

14%;

15%

*15%

15%

*15%

15%

2%

15%
2%

13%

2%

2%

2%

2%

2%

*2%

2%

*23%

24

24%

24%

24%

90

92

92

92%

19%

20
106

60%

9

'

42

42%

88

113%

*43

9%

1

44%

113

44%

*107

109
94

*93

*55

58

*52

"

61

9%

41%

42%
180

86

x20%

25

25

25

933/4

93%

95%

21

20%

1053/4

1053/4

1053/4

*60%

60%

*60%

4 4'/a

*93

41%
*165

9

9

42%

*84

90

*112

114

44%

44%

107

93

93

*92

57

*52

57

*52-—"57.'

33%

34

33%

34

33%

37%

36'/a

37%

37%

1173/4
66%

*65

118

*65

27%

27%

*107%

108%

30

30%
111

*1103%
*
16%

120

12Q%

663/4

66%

27%

27

"

*150

26%

*107%

108/2

30%

31%

1103/4 ui

*107%
31%
111

155

123,%

124

67

663/4

28

28

108%

32%

27/8 Apr 25

*107%
32%

16%

17%

17%

17%

21%

107

92
,

*52

57

33%.

34

"'155

126
*66

1

28

108

32%

126
67 '

28%
108

333/a

149

150

125

5

*66

27%

2134

22

21

213/4

21

*1103/4

*16%

111

*U03/4

17%

17%

21

21

21

HI

33%

3,300
20 ;

V

-173/4
21

'

17%

17% :

21%

22

22%

23

223/4

23

22%.

2234

21

21

21

*20%

21%

20%

20%

31

30%

31

31%

31%

31%

32;

31%

30

30,

30-

31%

30%

31

*30%

31%

31%

31%

31

313/8

32%
*20

22 %

21

Jan

49

5% Jan
20%

Oct

10% July

Jan

29%

Nov

2%

3

Jan

5% Apr
18% July

Nov

83%

16

Jan

25 ya

16

22%

Jan

30% July

8

52%

Jun

56

16

%
6Va

Jan

1% Mar

Dec

9% Apr
193/4 Apr

Jun

3

22% Jan

18

29

Apr 18

Jun

563/4 Mar
1

Jun

7% Feb 28

May

Jan

9%
65%

15% Mar 16
83

Apr
May

Mar

15% Jan

20

Jun

12

X133/4

Nov

293/8 Jun

12

13%

Jan

271/4

Dec

Jun

1

29%

Jan

38

Mar

8 3/a Jan

10% Feb

18

6%

Feb

11% May

36%

Jan

4%

Jan

473/4 July
9% Apr

41

par

42% Apr

46% Jun

13

A—X
-*,10

6% Feb

19

8% Jun

13

43% Jan

4

49% Jun

15

40

97

Jan

4

111% Jun

14

X85

27% Jun

6

30 3/4 Feb

28

4% Jun

100

-1

4

Jan

4

—25

33

Apr

19

39

146

Jan

5

151

12

Jan

46

<

% July

16

Jan

97%

Jan

31 % May

3Vs

Jan

53/a

32 Va
127 Va

May 13

44% Jan

*

25%

Mar 16

Dec

393%

40

50% Mar 13

Jan

Nov

»

147

10 1

140 !

6,800

"

810
330

,4,100. :

1,000

Products—
—

deposit

Jan

403/8

9

40% Jan 24
97% Jun 14

263/k

3/8 Jun
Jan

2

122% Mar 16

96 Va

Feb

120%

11

Jan

3

14% Jun

14

8%

Jan

17

Jan

3

.18% Feb

1

16%

Nov

31% Apr 24

19% Apr 20
2s/8 Jan
107

Jan

13
31

8% Apr 22
203/4 Apr

19

7% Jan

15

Feb

19

110

>

3% Apr

21

16% Jan
1% Jan

Jun

16

97 % Jan

Mar 13

22

111%

Jun

Sep
143/4 Apr
21

July

23%

Jun

3% Mar
111

Aug

Mar 20

3

Jan

18% Jun

14

13

Jan

25

103/4 May 11

3

Jan

Mar 28

98

Mar

115
41

15

26% Jun
116

57

Columbia Br'd
Class B

Jun

32%

13

68

Dec

8% Nov
Sep
Apr

13

17% Apr

13

Jan

3

Jan

4

27% Jan

4

11

Feb. 18

44

16% Nov

18% Mar 22

Jan

24

5

99%

Jan

109

Dec

34% Mar

7

8%

34

July

50

July

13 Va Mar 16
Mar

48

19
3,

9% Mar 25

3

18% Mar 25

4% Jan

3

Jan

4

21% Apr 25

59% Jun

153/a Feh 24

183/8 Mar 14

16 y8 Jan

19% Mar 16

18

Jan

9Va May

7%. Jan

17 Va May

7% Mar 22

2V8

Jan

253/8 Mar 22

10%

Jan

7% May
21% Jun

2%,

2

Jan

16% Dec

15%

Jan

22

36%

Nov

481

Dec

41% May
54
May

143/4 Jan 22

11%

Jan

153/4

Apr

16% Jan 29

3

133/8. Jan

18

Jun

3

3/4 May

38 3/4 Jan,

47

Jun

47

Jan

53

Jan

6

Apr 27

13,

14% May
1% Jan

3% May

24

May 29
773/4 Feb
7

143/4 Jan

5

2

5

24 3/4

Jan

32 %

Apr

67%

Jan

85 3/a

July

Jan

28

Feb

5

65

Jan

4

12

353/4 Feb

17

Jan

7

148
76

Jan

3

111' Apr 21
3,7% Apr 29

10% Jan

21% Jun 15
107

6 3/a Jan

Dec

9% Mar 17
44% May 10

96% Jan
27

Feb

2% Jan
32% Nov

Apr 10

155

123

Mar

5

67

Feb

Jun

90

115% Jan

3

109% Jan

Jun

14

2834 Jan
101% Jan

45

Jan

12

93,

Jun

14

84

Jan

53

Jan 21

50

Feb

30% May

3

38% Mar 15

33% Nov

34 % Apr 20

373/4 Mar 13

>'33%. Jan

92

145

Ul

Mar 27
Jun

Feb

16

18

Feb 26

62% Jan-11

109

39 % July
Dec

145

74%

Jun

116 34 Aug
42 Va Dec

108% Dec
92 Va Sep
54

Sep
48% Mar
40

July

May

153

Jun

15

Jan

123

Sep
July

6.7 % Jun

1

61

Dec

126 '

16% Jan

6

29% Jun

1

108 Va Jun

7

33% Jun

16

Jan

11

17% Jun

16

13% Nov

23%. May 27

2% Jan
3% Jan

19
113/4 Jan
3.
12% Jan
4

Jun

88

2

143/4 Apr

8%

142,

23% Jan

233/4 Apr 25;

Sep

63% Dec

Apr 13

151

103% Mar

109% Feb 29

153/4 Aug
106

1

52% Mar 22

106

Apr

97% Jun 16

12

Jan

1

8

56% Mar 28

104

.

July

28% Feb 24

51% Apr 18

Jan^

33% Jan

6

Apr

11% Jan

——No par

193% Apr

18

Jun

27% Feb 24
113

5% Jan

NO; par
—40

No par
$4.25 preferred—No par
Collins & Alkmanu
No par
5%
qonv preferred1——
-100
Colo Fuel & Iron Corp
No par
Colorado & Southern——
100,
4 %
rtan-cum 1st preferred—100
4%. non-cilm 2nd preferred—100

693/4 Jun

8

23

23
—9

Copper Co
Chrysler Corp

1

May

108

Chicago Great West RR Co
50
5% preferred1
—50
Chicago & Northwest'n w i__No par
5% preferred w i
100
Chicago Mail Order Co
—5
Chicago Pneumat Tool
—No par
$3 conv preferred
No par
Pr pf ($2.50), cum div—No par
Chicago Yellow Cab——,—-No par
Chickasha Cotton Oil
—10
JChilds Co
1
No, par
Chile

May

58

:_100
100

-—No par

A_————

Class A

1,040
.

'
c

Dec

96

No par

Dec

Apr
Dec

54% July

113

No par

Colgate-Palmolive-Peet

8,200

33%
111

223/4,




7,100

.

,

7,200

21

2539.

r

67

30,

page

50

28%

22%

see

30

2,600 '
270 4

30

footnotes

1

1,500 1

;

*107% 108%-''
*1103/4

6

16

23% Feb
333/4 Jan

No par
.—5
100
f—25

—

60

126

..21

For

"20

373/4

30

*29%

3,500

92

21

*20%

3,600'"
...

88

37%

*150"'

663/4

323/4

210

9%
44%

x37;:./J' 37 /'

125

28

107:"

3

6

—No par
100
City Investing Co_
100
City Stores—i,
—5
Clark Equipment
No par
c. C. a & St. Louis. Ry, Co
100
5 % preferred————v
100
Clev El Ilium $4.30 Pfd——No par
Clev Graph Bronze, Co (The)
1
5% preferred.
—:
100
Clev & Pitts RR CO 7% gtd—-50
Special gtd 4% stock50
Climax Molybdenum
No par
Cluett Peabody J?, CO-——No par
Preferred
100
Coca-Cola Co (The)-i——No par

620

111% 112
45
443/4

93'

3% Jan

18

20

City Ice & Fuel
6% % preferred

7,100

.

f

180

x33%£34 '

155

108%

21%

'

111

16%

21%

*150

35,400

t

37%

155

*84

*106 % .107,,,

34

36%

43%
*172.

43 '

107

34%

1173/4

42%

94

36%

*150

62

88

*43%

170-

"

107

60%
9%

109

36%

155

21

111% 112

45

200'
200

2,800 ;

973/4

*1053/4

61

18Q

*84"

26

21%

"

*33%
*150

953/4

1053/4'

*52 %

57

*25%

9%

42/t
*165

180

86

*107

94

9

114

*112%

44'/a

92

'

9

109

*107

*93

20%
1053/4

*165

88

113

90

*88

20%
105

61.

184

*165

*165
*112%

61

8%

41%

'41%

20
105

105

61%'

*8'%
.

60

153/4

24%

20

100 !

14%

89%

*60

7,600

„

2%

24%

*105

K

153/4

88%

8

67% Jan

Champion Pap & Fib Co_—No par
6% preferred
,100
Checker Cab Mfg—5
Chesapeake Corp of Va.—5
Chesapeake- & Ohio Ry———25
Class

26%

,

113/4 Jun

Jan

21%

29% Mar 13

Feb

12% Apr

100

Chic &5 East 111 RR Cq

56%

.

41

Mar 27

52% Mar

'

100

Chain Belt Co

80";

17%

*14

68

Oct

26%

'

Jun

6% May
75
May

72%

173/4

2%

153/a

Jan

Jan

573/4

153/4

Oct

Jan

2%

28

—

Certificates of

17%

14

109%

9%

16

43% Apr 25
8% Jan
4

100
—No par

6% prior preferred'

57

2%

May

16

5% Jun

Jun

26%

14

9

14% Jun

7 3/a

173/4

*15%

110 Va Mar

3
3

Jan

57 %

53

105

17

Jan

2634

53

Apr

12% Jan

Apr
Jun

3

17%

53

31 Va

*33

563/4

53

35% July

Jan

4

25%

*52%

Jan

20%

13

17%

*45%

24%

63/8 Jun

253/4

46%

16

30% Mar 16

37% Jan

17%

*45%

353,8 Jun

19

56% ,56%

,

29 %

15

5,900"
13,500

25%

Nov

4% Apr

7%''

23 %

Apr
18% July

16

May 12
27% Jan 25

1st preferred-——No par

preferred.

10%

Jan

24

31

-Co^*————5

—

Nov

14%

20 Va Feb

4

Ry

6%

19% Mar 18

Jan

30% Feb

2 6'%

23%

54 %

1

800 !

12%

6%

23%

116 Va

Cerro de Pasco Copper——No par

1,600
^

46

;7%.
153/a

Jan
Nov

May 31

10 %

Certain-teed

70

34%,

45%

9%

76%
43

3

Preferred

4,2301

18%

12

■

,

26

113

Jan

118%

4,300

69%'

68

69

69

3

4

20 %

Jan'

9,700

323/4

6%

Jan

24

Century Ribbon Mills

10

32%

63/8

Jan

6%

104%

120

163/4 May 19

'

5%

13

16

6

17

Central Violeta Sugar Ce_

500

118

16

Jan 27
8% Jun 12

Jan

3/4 Jan

1,700

10%

21% jun
10 3/8 Jun

July
July
May
July
May
May
Aug

4

2,000.

130

.

Jun

42 %

19

par

No par
—20
Central Agulrre Assoc
—No par
Central Foundry Co
1
Central 111 Lt 4% % preferred—100
fCent RR of New Jersey—
100

,

5,3001

„■

18%

Jan

533/4 Feb

2d preferred
Celotex Corp

13,200

263/8

10%

$4.75

900

111%*

111%

10%
24%

*9%
f*24

Jan

293/4

24% Jan

7%

12,600

3%

9%

12

1

Celanese Corp of Amer

17%

3%

Steel

Preferred

>

270

133/a

10

7% Apr

class

Ohio

8,400

17%

3%

&

1,600

13%

3%

Clinch

36

17%

Apr

44% Jun

May 31
9% Jun 13

.—No

,

973/a
120

22

67

No par

Caterpillar Tractor

,

13
16

152

Co-

5,300

493/4

9

5% Jan

1

Carriers & General Corp
Case (J I) Co—

11,400

13%

*193%

Ry

Mills

Carpenter

1,900

38%

152

Southern

"29%
,

Jun

5

& Hecla. Cons Copper

Carolina

,

Jan

50

—No par
50

580 1

4%

37%

July
44% May

4

116

1
100

Packing

400

4%

49 3/8

35

97%
*119%

28%

Jun

44

3

Zinc-Lead——

111%

4%

*149

493/4

97%

1103/4

29

•

..

Apr

30 Va

Jan

6

210

1,700

49

37 Va

152

119%

48%

x.

12 %

Jan

33

14% Jan

—No par

Capital Administration
$3 preferred A

*43/4

.

37%

119%

83/4

Nov

20%

16

Jan

Cannon

800

46 %

8%

•K

8%

16

98% Jan

Canadian Pacific Ry

17,800 -

,

~

49%

29%

10

46 %

'

83/4

49%

49 %

34%

93/4

16

Jun

46% Jun

54

Canada

120

-

46

.

*49Vt

97%

120%

'9%

11% Jun
38

14

393/4 Jan

No par

preferred

Nov

28

47% Jan

No

Nov

45

Jan

40% Jan

par

-

14 Va

Jan

Jan

No par
Co,

Dec

11% Nov
20

No par
100

Campbell W & C Fdy
Canada Dry Ginger Ale—

•14,100-

:

16

May 12

39

preferred

Calumet

Jun

Oct

July
Apr

27

Jan

Callahan

16

17

8% Jan

Dec

2

52

4

13,100
9,700

29%'

41

38 %

1

Jun

40 % Jun

12% Jan

40% Feb:

1

11,400

6%

Jan

Terminal

5%

210

■

42

*41

Mfgpreferred

California

4,800

.

1

293/a

•

28%

42

49%

149%

49%

48%

333%

33%
96%

148

148

48%

*119/4

19%

28%

111%

111

4%

*4%
353/4

19%
*41

63/8

6001

'

47

*45%

193/4
29%

41

-

9%

9%

19%

28%

>.

%

28 V4

37 % Jan

——100
7% preferred—100
Bros——r——10
'5% conv preferred
-30
Butte Copper & Zinc
•—5
Byers Co (A M)
—:
No par
Participating preferred
100
Byron Jackson Co—.—
No par

•

*21%

(E G)

6%

7,700'
,

6Va

Butler

4,900

15/4

80%

39

Jan

Bush Term Bldg

1,000
..

143/4

Jan

2%

3

Bush

470

*

26%

4

Burlington Mills Corp—
5% preferred
Burroughs Adding Mach

17,100"

81

14%
*80

V

•

16

5% Mar 22

42 3/4 Jun

3% Jan.

8% Jan

Bulova Watch

-15,000^

113/4

-

40% Jun

No

Bullard Co

'■> 29,800'

50

10%

35

34% Jan

May

~~30

17% Jan

Buffalo Forge

700

110

*10%

*2%

66

110

Jan

Jan

5

1,500

,

5%

110

96 % July
51
July

17

100

4,400 f

.

14%

5

5

Va Jan

22%

5

,.

1,700

30%

110

12%

Nov

38

115

No par

7%

27,400
.

353/8

30

56 %

85

16

(assented) .10(1

$5 preferred
Budd Wheel—.

1,580

9%

17%

Jan

4
3

95

109% May

No par

Budd

69,200

8%

17%

*17%

41%

Feb

50% Feb

4

33% Jun

Bucyrus-Erie Co.™
\7% preferred-,

19,100

19

19

52% Mar 13

18

—5

Corp

BrunsrBalke-Collender—

4,000'

,

10 3/a

1173/4,

65%

65

Jun

July

21% Mar

Brown Shoe Co

12,500'

,

150

150

65%

8%

18%

17%

18%

150

643/a

19

100

283/4 Jan

——

•

146

19 % July

Jan
Jan

113/4 Nov

Bristol-Myers
Co
Brooklyn Union Gas—

'

>117

Jan

9%
76

15% Feb 29

33% Jan 26

1

100

Roller Bearing Co
5
Airways Inc_—
2.50
Brewing Corp. of America
—15
Bridgeport Brass Co
—No par
Briggs Manufacturing:
No par
Briggs & Stratton
No par

300

'

14

—Id

-

Bower

700

*49

16

Jun

5

88% Apr
46% Jan

Braniff

"

51%

Inc

(The)

Maine RR

Boston 81

100

52%
10%

*49

—5

13%

14

17% Jun
101

Jun

Jan. 26

45

No par

„

preferred
Co

Borg-Warner

29,300

15%

*50%

class A—

4

4

12% Jun

5

;

_

—No par

Stores

4%%

800

40%

15%

52%

17

Bond

800 *

15%

Co

Ami

Borden

•

12,400
,

*50%

Co

Class B

200

■

V

40 3/a

16%-.

Bon

1,700
:'

4%

Airplane

Jan

93% Mar

100

Bohn Aluminum &, Brass

,•

90

33%.-

40

Boeing

16

14% Mar 14

No par

6%

'

116

4%

par

5

Bloomingdale Brothers

40 v

,

393/4

1

1,200

>

r

94

493/4;

—No

Blumenthal & Co preferred

1

17,900

15%

*51

100

Mfg Co

Co—

Bliss & Laughlin Inc

.

300 '

33 %

■

100

,

.

52%

15%
i

41%

115

4

39%

15%
50%

41%

115

115

19%;

& Decker

Blaw-Knox

19,700 '

.

173/4
103

14%

133/4 .14

■■■

10

114

24%- May 27:

May 26,

*103 %

Dec

17% Jan
108

3

Jan

Jan

68 %,

Oct

25

Dec

109%, July
283/4 July
114%

Oct

19%. July
19

Sep
19 % Sep
17% Sep

Jan

4

23

26% Jan

32% May 24

15% Jan

32% May 25,

15% Jan

26%

2.50

25% Jan

4
4

26 34 Dec

Sys Ino, cl A—-2.50

13

.

Deo

=£4

CHRONICLE

THE COMMERCIAL & FINANCIAL

2532

LOW
'

AND HIGH

Saturday

Monday

June 10

June 12

$ per

4

$ per

share

4%

4%

4%

4%

4%

833/4

833/4

83%

84%

74

75

73%

74

*74

75

*91

92

91%

92%

*92%

95

92%

197/8

20

45 %

39

39%

20%

*44

40%

106%

*105

106%

40%

44%

44%

44%

45

15%

15%

15%

16%

16%

163/4

16%

%

%

84%

263/4

273/a

27

25

24%

27%
14%
24%

28

26%

28

28

26%

26%

13%

14 %

14

*24%

14%
243/4

143/4

14%

25%

25%

163/4

46%
18

28%

28%

975/s

973/4

X97 %

3%

~~3%

3%

22%

22%

22%
4%
22

22%

21%

21%

21%

105

5'

4%

4%

*4%

105

105

105

105

3%

33/4

22%

22%

105%

105%

22%

3%

$5

10%

10%

10%

105/8

103/4

11%

303/4

30%

30s/8

303/4

30 5/a

30%

10%

10%

10%

10%

30%

30%

30%

30%

13

13

13%

13

133/4

13%

13%

13%

133/4

13%

13%

12%

21

21%

21%

21%

21%

213a

1,400

20%

14%

20%

20%

14%

21

14%

14%

14%
14%

14

14%

143/4

15%

143/4

14%

14%

14%

J

*46%

14%

*103%

24%

463/4

463/4

*45%

104%

1043/a

1043/a

104%

104%

104%

1043/4

340

24%

25%

25 5/b

2,600

9%

11,200

25%

25

253/4

243/4

243/4

243/4

9%

9

9%

83/4

9%

8%

109%

109 3/s

109%

8%
*108%

110

♦108%

39%

110

40

40

39%

39%

47%

1033/4

25

8%

8%

*108%

*46%

104%

104%

104%

24%

47%

1093/4

1093/4

400

42

413/4

423%

12,400

11%

11%

11%

12

423/a

42 ;■

42%

41%

43

6,400

Continental

7%

73/8

7%

7%

8

252,300

Continental

11

11%

11%

11%

11%

43%

43

43%

42%

43%

42

7%

7%

7%

31

*26%

27

*13%

13%

*43%

31%

27

27%

28

28

28

28

*27%

28%

143/a

14%

14%

xl4

14%

14%

14%

44

443/4

x44

44%

43

43

12

12

*48%

49%

12%

11%

11%

"113/4

*48%

49%

*48%

49%

18%

19%

19

19%

19

19%

48%

48%

48

48

48%

48%

60%

59%

59%

59%

60

59

593/a

178%

178%

178%

178%

'

5%

2%

*2%

48

485%
59

10,400
270

48%

583/4

58%
180

180

.

3,800

.

Jun

24%

Nov

x97% Jun

98 % Jun

15

3% Feb

Jan

15

"3%

Dec

Jan

4

15%

Jan

91%

Jan

8

%

Jan

3% May

22% May 19

7%

Jan

19% May

2%

Feb

23
15

2% Jan

4,
23

5 %

5

16% Jan

13

7% Jan

May

11% Jun

3

16

31% May 19

6% Apr
24% July
105

8

29%

July

Sep

Jan

12

1

11% Jan

3

15 % Feb

24

9%

Nov

21% Mar

18% Jan

3

22% Feb

23

17%

Nov

27% Mar

15

pfd

l'OO
25

50

.

20

20

24

13

106% Mar 21

17

21 % Feb

102% Jan

Jun

Insurance

Motors

of Del

24% Nov

4%

4

15

17% Feb

21

Jan

4

48% Feb

21

102% Jan

5

104% Feb

Feb

15

25% Jun

7% Jan

27

10

5

110

20

105 % May

32% Feb
10

16

Aug

Jan

18%

Dec

Jan

47%

Dec

33%

2

89

Jan

13

16

Jan

23%

Jun

x4%

Jan

11%

Jun

96

Jan

110%

Sep

26% Jan

Mar 10

Jun

6

42% Jun

10

16

107

Oct

36%

Jun

Jan

15%

Jun

40%

Jan

49%

Sep

7

13% Mar 16

May 24

Jan

7

16% Mar 10

12% Jan
14% Jun
45

Oct

46

Jan

8

Jun

12

4%

Jan

7% May

33 % Jan

16

22

25%

Jan

37% July

16

18%

Jan

27% July

x9%

Jan

15

Apr

45

Jan

53

Aug

13%

Dec

17% Aug

37

Jan

53%

Jan

3

10% Jan

4

i

15% Mar 15

Preferred

47

13% Mar 20

3

44% Jan

10

25
—

52% Apr

29

Jan

4

16

.49% May 31
60% Jun

28

173% Apr

14

19% Jun

50

Mar 20

15% Jan

100

Refining

Products

Corn

183

Feb

9
29

47

Apr
61% May

186%

Dec

173

Sep

*

'*■

6

6%

9,400

3%

14,000

Coty

25%

23,000

106%

1,040

Inc
!
Internat Corp

Coty

3%

25%

25%

29

Jan

44% Jun

6%

106%

11

Jan

10%

28% Jun

3%

25

Jan

17%

19

23/4

106

2%

16

24

53/4

25%

16

23

29

53/4

106 %

July

12% Apr

3

25%

27

38% Feb

5%

1053/4

Jan

13

24% Apr

2%

25%

21%

5

5%

105%

27% Jun

3

3

24%

3

14

5%

*

Dec

24% Jan

5% Jan

310

180

82

29% Apr

3

,

105%

24%
105%

58%

Jan

Jan

12

100

Oil

July

1 % May

36%

41% Jun

5%

5%

2%

24%

48%
*178

180

*177

% Jan

16

Jan

a*

87% Mar 11

5
$2.50
1

3

*5%

*105%

178%

9%

3

No par
No par
--No par
5
50
Cornell-Ducilier Electric Corp
1
Corn Exch Bank Trust Co_
20

20

193/4

19

18% Jun

1

Jan

$3,prior preferred
Copperweld Steel Co
Conv pref 5%
series

3,900

49%

*48%

19%

19

18

Jun

3% Feb
79

Contipental Steel Corp
Bessemer Corp

280

12%

12

11%

49%

14 % Apr

29%. Jan

Jun

Cooper

3,300

44

11%

48

Jun

Inc

Can

Continental

800

14

X28

15

July

'107% Sep
44% Jun

Jun

preferred

Continental

9,800

31%

44

*48%

18%

60%

30%

13%

49

18%

*48%

31

44

27

49

*177

303/4

31%

31

:

13%

11%

48%

30%

7%

40% Feb

41

Jan
Jan

44

Jan

25%
104%

28

Continental Diamond Fibre—

7,000

44

44

*11%

30%

30%

30%

8%

110

403/4

*108

30%

42% Jun

106% Jan

15

Continental Baking Co___—No pur

11%

45 % Jun

3

29 % Apr

of America

Corp

41%

6%

8

Container

19% July

27

$4.50 pfd—No par

Pow

41

43%

7%

9

9

Consumers

Jan

9

10

;

preferred

41%

11

'10%

$2.50

98% July

11

1

Consolidation Coal Co

200

Oct

Jan

Feb

37% Jan
105

No par
5

6%

of Cuba

Consol rr

47%

Sep

73

No par

3,100

47%

Jun

77%

8% Feb

;
5
No par
No par

pfd

3,500

*143/4

5%

Jan
Jan

1%

21% Jan

Gas

15%

143/a

Jan

40%

6
9

20% Jan

No par

Natural

conv

Mar

37

79%

5% Mar

25

No par

Consolidated Vultee Aircraft.,
$1.25

Apr

Highest
5 per share

No par
No par

15

15

15%

143/a

par

Industries

Film

Consolidated

9,300

'

47%-

*46%

47%

*15

25

23

preferred
Consol Laundries Corp__

26,500

14%

39i% Jan

Edison Co

$2 partic

9,500

10%

*20%

20% Jun

No

preferred

Consol

4,900

30%

20%

24

Nc par
No par

Consol coppermmes Corp
Consol Edison of N Y

4,900

5

30%

.

16% Apr

10

prefeired

$4.75

9,300

*10%

.

par

100

Congoleum-Nairn Inc

2,900 1

22 3/a

22%

22%

22

93% Jun

No par

Consolidated Cigar

34,300

106

5

5

4%

5

22%

7,200

223/4

105 3/a

22

14

preferred

Conde Nast Pub Inc—

2,800

160

22%

1053/4

5

5

Feb

Credit

conv

Commonwealth

600

35/8

22%

105%

105%

preferred

$6 preferred series

21,600

98

97%

3%

33/8

33/4

84

Commonwealth & Southern__No par

28%

*28

22%

2T

par

Commercial Solvents

2,600

15

27

97%

28%

98%

80

31,200

28

14%

143/4

85% Mar 14

7

64,100

273/a

263/4

3

Feb

U

27 %

28 3/s

Jan

70

18 3/a

%

273/8

143/4

4

76

Comm'l Invest Trust

83

26

$2.75

4% %

$ per share

No

Co

Pictures

Commercial

$ per share

100
100

8,000

48

82%

253/4

28

22%

22%

100

17%

U;;

27%

*275/a

**~3% ~~3%

100

$ per share

No

Carbon

Columbia

10,400

84

98%

28

45%
425/e

47

%

Columbian

Lowest

Highest

No par

preferred series A
preferred

5%

3,100

106 5/a

42%
*105

x84

14%

20%

45%

42%
106 3/8

16%

27%

84%

84

83

20

45 %

41%

843/4

82%

20%

*44

*105

u-

84

M
84%

%

tt

600

463/a

45%

%

94

193/4

47

46'

*92

20%

106%

*105

46

93%

93%

41%

6%

140

93
45%

*44

45%

40

40

*106

106

106

20%

20

45%

*44

39%

%

193/4

Columbia Gas & Elec

1,600

.

75

75

Year 1943

Range since January 1
Lowest

'«

Par

75

74

Range for Previous

STOCK

YORK

EXCHANGE

109,100

43/b

83%

*73%

*44

share

83%

4%

74

*19%

share

NEW

-

Shares

$ per share

83

83

82%

82%

83

43/s

4%

4

4%

83

$ per

share

$ per

for

the Week

June 16

June 15

June 14

Sales

Friday

Thursday

Wednesday

June 13

I per share

STOCKS

PRICES

SALE

Tuesday

Monday, June 19,. 1944

25%

255/a

106

106 %

106

Crane

Jan

3

6% Jan

22

2%

Jan

6

1% Jan

6

3% Jun

16

14

Jan

2% May

14%

Jan

22% July

Jan

108% Aug

5

25% Jun

16

25

18% Feb

7

..100
2

104% Jan

20

Jan

3

24% Jun

14

Co

5%

•

1
—1

conv

preferred

:

20

Mar 14

109

95

.'

May

Jan

16%

23% Mar

23%

23%

24

24

24%

24%

243/a

243/a

24%

243/s

24%

24%

1,100

Cream of Wheat Corp

20%

203/i

21%

21

21%

203/4

213/8

21%

21%

7,800

No par

16% Jan"

3

21% Jun

23% July

33%

33%

333/4

34%

34

35

35%

36

353/4

36%

No par

1

36% Jun

18%

Jan

31

Oct

33%

27% Feb

16

33%

Crosley Corp (The)
Crown Cork & Seal

Jan

19%

20

13

19%

47%

47%

47%

47%

48

48

48

*47V4

473/4

$2.25 preferred

No par
—5
No par

Oct

47%

45

48

No par

28
69

Jan

*47%

17%

17%
*99%

79

13%

23

17%

173/a

17%

17%

173%

17%

99%

99%

99 %

993/4

993/8

99%

33%

343%

-12,000

793/4

79 5/b

78%

223/4

23%

23%

24%

24%

24%

14%

143/4

14%.

153/a

15%

15%

*130

140

25%
25

♦116 A

25%

253/4

26

26

25

25

9^

*25

106 %

*104%

6%
105%

110

"46

4%

45%

4%

15%

6%

6%

7

7

110%

110%

112

114

47

46%

15 %

15%
*110
24

8

*7%

8
25

*13%.

13%

13 %

13%

*111%

112V4

*111%

112%

24%

24%

<21

25 >

25

•"

15 %

243/8

8

13%

*111%

112%

253/a

253/8

25

41%

41%

41%

42%

413%

42%

*34%

34%

34%

343/4

35

35

*18%

19%

19

19

19

19%

29

3/8

24%

8%

8%

25%

112%

25%

19%

193/a

303/4

83/a

8%

19%

20

280

353%

1,100

193/4

193/4

700

43%

>

_

8%
20

5,700

56%

56%

*55%

34%

34%

343/8

343/a

34

343/s

740

29%

29%

30%

303/4

30%

31

30%

31%

313/a

313/8

2,300

20%

20%

20

29%

29%

39%

39%

*39%

39%

39%

40%

40%

40%

40 3/8

58

*55%

40%

*393/4

10

58

40 3/4

1,300

15%

15%

15%

33%

33%

*96%

98%

*96%

16%

15%

16

153/a

153/4

15%

15%

34%

34

33%

34%

33%

33%

323/4

33%

98%

♦97%

98%

98%

98%

*97%

98%

16%

16

1

Match

preferred

partic

7,900
4,500

Distil Corp-Seagr's

600

16%

*16%

16%

16%

16%

16%

16%

163/4

163/4

45

45

*45

453/4

45

453/4

*453/4

463/8

45%

453/4

45%

451/4

500

40

40

40

40%

40

403/4

x40%

40%

40%

40%

40

403/4

1,800

23%

23%

23%

24%

23%

24%

233/4

243/a

24%

.

'

48%

124%

*109%

9%

*15

125

110

-

15%

49%

151%

50%

50%

51

503/s

126%

127

127

1273/4

129

127%

110%

109%

109%

109%

109%

110
36

35%

35%

36

36

363/4

513/4

36 3/a

11,300

15%

153/a

15%

15%

15%

153/4

*15%

15%

15%

15%

700

152%

151%

151%

125

125

125

118%

118%

1523/4
*125

117%

155%

125%
118%

155%
125

157%

118%

159

1253/4

1253/4

1253/4

1253/4

400

*117%

157%
125

*116%

118%

118

118%

180

159

7,700

161

5% Jan

3

9% Mar 22

3%

Jan

10% May

18% Jan

12

20% Jun

16

16%

Jan

14

22% July
48 % Apr

-23

■'

45%

'45%

1

453/4

19

44

*18%

44

*18%

44%

46%

46%

19

46%

93/e

463/8

46%

10

9%

10,000

165%
~

166

167

168 %

2,000

182

181

181

*180

46%

,

93/4

463/4

46%

90

26

Jan

33% Mar

Feb

8

37

Jan

42%

Jan

17

41

95

Apr

14

8%

16% May 29

11

X27% Feb 29

35% July

31

38% Mar 31
13% Jan

Mar

17% Jan

,32% Jan

,

36% May

100-

Jan

9
25

21%

Jan

35%

Jan

83%

Jan

100

Nov

May
Oct
Dec

16% July
45

July
Dec

47

May 13

57% Feb

25

44

Nov

$4 preferred

series A

Dresser Mfg Co

B

8%

—10
1

Airlines Inc

Rolling

cum

May

Jan

5

122 %

7

110% Jun

13

Xl06%

Dec

21

36% Jun

14

16

2

131

35%

Jun

5% Jan

10%

Dec

16

9

Jan

13%

15% Jun

16

134

Jan

Apr
159% July

Dec

130

Aug

Dec

121%

Sep

11%

Dec

11% Feb

11

Feb

7

123% Jun
117% Jun

6

128% Mar 24

7

120% Jan

10% Feb

28

12% Jun

16

Feb

28

137

161.

Jun

Sep

73% May
153
May
107% Dec

Jan

12 % Feb

26

Nov

25%

124

.

115%

20

.

Eagle-Picher Lead Co

Eastman Kodak

16% Feb
47

,,

1—3

Mills

No par

Co_

preferred

463%

3,700

Eaton Manufacturing Co

19.

19

19%

19

19

19

19

1,300

Edison Bros Stores Inc

44%

45

433/4

44%

44V4

445/a

44%

45

6,100

Electric

Auto-Lite. (The)

12%

'•

8

■

,34

19

44%

28% Jun

40

36 Ve Mar 23

Feb

Eastern

93/a
182

56% Jun

5

Jan

Eastern

165%

No par
-100
No par

3

Dec

Feb

4,700

9%

2

Feb

29% Jan

52

17%

15%

38%

165%

20% May

Jan

-50

22%

38%

*181

Jan

8%

38%

38

9%

Jan

12

31% Mar 27

X20

19
5

37

182

29

3

17

37%

165

15

Mar 10

18

25% Jan

36 3/8

9

35% Jun

Sep
July
36% July
43

21% May 12

36%

182

Jan

No par

353/4
163

Jan

26

Dome Mines Ltd

36

9%

Jun

24%

10

16

24

19,800

181

116

12

26% Mar 13
43% Jun

41% Apr

125%

162%

108% Jan

113% Apr

Oct

4

12%

8%

Jun

7%

5

123/a

181

Mar

19

Jan

3

11%

162

8%

19

Jan

3%

15% Jan

11%

161

Jan

12

43% Jan

11%

182

*8%

17

33% Jan

11%

161

13

No par

11%

*178

15

Jun

No par

Class A

35%

-35

8% Jun

15% Mar 10

21

Doehler Die Casting Co

Dixie

11%

'

35

Jun

10

113/4

11%

Ltd

preferred—
Cup Co

'

11%

Nov

26%

17

19

10%

119%

Jan

17% Jan

8% Apr

IOV4

Feb

15%

17% Jan

28% Jan

10%

96

1

32% Apr

106% Jan

9%

3

-10

No par
—No par
Dunhlll International
i—1
Duplan Corp
No par
Du P de Nemours (EI) & Co
20
$4.50 preferred
No par
Duquesne Light 5% 1st pfd—-100

10%

Jan

5

114% Apr

9%

Sep

9% Apr

24% Mar

5%

18

No par

9%

45%

Dec

14%- Nov

36% Apr

No par

93/8

Jan

Dec

21% Jan

Douglas Aircraft

9%

17

7

Oct

7% May
116

24% Jun

4

Dow Chemical Co

13,500

16

117

12

1,000

110

36%

353/4

51%

Jun

6% Jan

19% Mar 17

3,400

129

493/4

18,000
8,900

9%

'

118%

118%

24%

110

-

'

*124

24%

125

110

3434

34%

*9

48%

1243/4

110%

34

24%

'

48

48

122%

16%

5%

Oct

Jun

107

par

No par
No par

16

100

Jan

..

17% Mar 23

28

May 24

25%

Jan

Jan

26%

Jan

18

Jan

48

111

10%
100

1%

Apr 24

6% Jan

Jun

30%

41

13% Jun

106%

12

118

21% Apr

Dec

92% Mar

16

Apr 25

114% May 20

Jun

115%

Jan

7% Jun

97

9

100

14%

Feb

105

May 10

116 % May 10

6

22% Aug

Jan

-20

Detroit Edison
Devoe & Raynolds A

Diamond T Motor Car Co

98

125

15

.100

Hudson

335/8

.

83

*96%

101

4% Jun

*

16

7%

14% Jun

Detroit Hillsdale & S W RR Co.. .100

6%

9% Jan

15% Jun

Oct

July

-20

Preferred

Deisel-Wemmer-Gilbert

Diamond

28% Mar 10

10

1

No

Co

Lack & Western

58%

82% July

80% Mar

3

11% Feb

25

Dayton Pow & Lt 4%% pfd— .100
1
Decca Records Inc

&

34%

19%

Nov

X66

9

4

20% Jan

5% Apr

-25

Delaware

34

*56%

38

29% Mar 15

(The),.

Delaware

'

Dec

25% May 24
106% Feb 11

.—8

Chemical Corp

31,100

58%

99% Aug

27%

4

preferred

26,000

34%

Jan

16

,

4

No par

8%

19%

81%

34% Jun

100

18

pfd

315/8

33%

Mar 14

4

-1

8 5/a

*56%

34

20

Jan

Jan

-

303/4

19%

33%

97% Jan

22% Jan

;

8%

58%

19%
*56%

17

22% Jan

Davega Stores Corp

&

47

Jan

4

No par
No par

Cutler-Hammer Inc

Deere

Jan

11%

Feb

;—No par

Cushman's Sons Inc 1%

5%

37%

106

30

Prior preferred
Curtiss-Wright
i

Davison

May 27

17% May 31

25

5
100

$7 preferred

A

48

Jan

preferred

Class

3
9

-100

Curtis Pub Co (The)

,

Jan

112

Inc

Press

303/4

30

20

433/4

12,000

353/8

35%

293/4

100

5,000
700

193/B

83/4

2,900

14%
25%

35%

30%

8%
25

1123/4

42%

8%

i

14
*25

19%

29%

10

2,800

*112

42%

8%

9,000

24%

25%
43%

29%
19%

85/s

68,400
■

112%

35%

41%
*35

1,900

115

*21
v

126,400

X25 %

112

112

8%

13%

-

Cuneo

9

15% Feb

100

—-

Cudahy Packing Co
4%%

5%

24%

Sugar

preferred
5% % conv preferred

570

15"%

*110

13%

133/a

500

48

5

25

*21

25

133/a

75/8

X153/4

24%

,

114

47

'.

16%
115

*110

8

8

153%

15%
24%

46%
5%

5

115

29

29%

7%

153/4
243/s

*21

21

13%

46%

47

5%

5

115

115

8%

,

■

5%

Cuban-American

1063/4

*104%

6%

4%

"3,500

25%/

110%

■

100

116%
27

7

24%

*19%

1063/4

100
100
10

preferred
preferred

5%

Cuba RR 6%

1%

25%

46%

*19%

-

*1043/a

106%

31,600

26
■

25%

111

5

23%

24

*104%

253/4

*25

25%

2,220

-

15%

140

*116 &

116%

253/4

26

'

*128%

140

*116i-j

116 %

15

Corp

$5 conv preferred
Crucible Steel of Amer_

2,600

245/s

24%

63/4

115

*110

115

23%

106%

*128%

140

-

r

79%

79%

79%

X79

109%

47

,

4%

15%

14%
*110

*104%

7

107

46

*116 A

116%

6%

6

*105

116%'

32

*24

106%

*104%

*128%

140

25%

*116

116%

*24

323/4

32%

33%

79

14%

*130

*25

323/4

32%

23%

V'

Crown Zelierbach

1,140

33%

14%

140

116%

17 3/8

99%

79%

79

.14

*130

17%

99%

32%

31%
-

23%

23%

9,300

17%

99

30%

30%
*78

600

99%

Xl7%

*

100

8,100
•

(The)

12%

12%

12%

123%

Electric

Boat

100
4
2
3
3

33

Apr 25

6% Jan

3

157 i

Feb

7

175

Jan

24

41

Jan

3

39

Jun

10

9% Nov
31%

8% May

3%

Jan
Jan

170

May

Sep

184

Jun

xl73

13

35

Jan

May 23

46% Jun

44% July

'

146%

15

167% Mar 31
184

Jan

45% July
19

Sep

16% May

1

19% Jun

14

11% Feb

37% Jan

4

45

13

30%

Jan

39 % July

8%

Nov

14

Jun

Mar

11%

11%

11%

12%

12%

12%

123%

24,400

16

4%

4%

4%

4%

5%

4%

5 % 11'

4%

5%

5%

53%

19,200

Elec

3% Jan

18
4

12% Jun

4%

5% Jun

16

3%

3%

3%

4%

4%

43/8

4%

4% O

4%

4%

15,000

3% Jun

9

5% Mar

6

Jan

4%

Electric Power & Light-^.—No par

1%

4%

91

31 **

92%

99% Mar

3

Jan

86%

86

87

Apr 24

94% Mar

4

28%

Jan

88% Nov

42%

3,600

preferred—-.i
—m—No par
$6 preferred
No par
Electric Storage Battery
No par
El Paso Natural Gas
3
Endicott Johnson Corp—
50
4% preferred
100
Engineers Public Service
1
$5 preferred
No par
$5% preferred
No par
$6 preferred—
No par
tEquitable Office Bldg—~No par

25

31%

,3,900

81% Apr

92

92%

5,500

Erie RR common

*90

86%

■

*

r

93

923/4

87%

87%

.

93%-.

88

88%

94

93

94%

94%

89%

89%

88

893%

1,500

42

42

413/4

41%

41%

41%

41%

41%

42

42

423%

2,600

31%

32

32

32

32

*31%

31%

*31%

31%

31%

31%

1,100

66

66

66

66

66

66

*65

66%

*64%

66%

*64%

66%

400

108

108

*41%

31%

,

-

107%

1073/4

11%

11%

11%

12%

98

98

98

98

i

*100

100%

100

100%

*101

103

101%

102

^

107

12%

107

106

106

106%

106%

1063%

310

107

12%

12%

12%

12%

123/4

12 5%

12%

X97%

98

97%

98

97

97%

98

99

660

x98%

100

99%

100

100

100

1,150

X102

102

Xl00%

993/4

101%

100

101%

101

101

101%

*S2

%

%

%

%

%

%

*11%

11%

11%

11%

i*V

11 %

11%

11%

ll5/0

11%

12

12 y8

12%

11

103%

11

11

11%

11%

11%

ir%

ip/4

ll3/4

12

10%

56

56

For

footnotes

56

see

56%
page

2539.




56%

57

56%

%'

56%

%

%

56%

57

45,700

450

'

57

573%

33,400
2,200

& Mus

—

Ind Am shores

$7

Ctfs of
5 %

benef int

pref series A

—No par
;—No par

100

10

78

Apr

39 % Apr

28

27% Feb

7

,1%

28

33%

Jan

6% May

Jan

23%

Jun

9

49%

3

101%

Dec

2%

X32

Jan

66

25
19

8% Jan

3

13% Mar

Jan

3

99

Jun

3

Sep

92%

Sep

62%

Jan

96

Dec

Jan

3

100% Jun

9

103 % Jun

6

% Jan

12

%
8%

Jan

8

Jan

,

'•

25
4

13% Mar 22

3

13 % Mar
An,

9%
92

Jan

10

CDI/.

Dec

Jan

Jan

% Apr

22
11

Sep

103%

57%

92% Jan

9% Jan

Sep

54

16

9% Jan

Nov

58% July

Jan

108 % Jun

57 % Jan

89

5% May

Jan

May 22

43% Feb
33

101% Jan
87

,

39%

Jan

Sep

1% Mar
16% May

16% May
52% May

a.

Volume

159

Number 4291

THE COMMERCIAL & FINANCIAL CHRONICLE

NEW YORK STOCK
LOW

Saturday

June 12

$

$

per share

*81

87

*81

SALE

86

*81

'

*81

June 16

$ per share
*81

86

Sales

Friday

June 15

$ per share

86

,

STOCKS

Thursday

June 14

$ per share

RECORD

PRICES

Wednesday

June 13

share

per

HIGH

Tuesday

Monday

June 10

AND

86

YORK

83/4

93/4

974

10%

93/4

10%

10

10 74

25,100

Eureka

133/4

137a

14%

133/4

14%

137a

14

137a

14

137a

13%

19,600

Evans

347a

347a

34%

34%

347a

34,%

34 74

347/a

35

3574

35

36%

7,400

*33/a

33/4

*37a

33A

37a

3%

37a

37a

1,100

93/4

;

3%

3%

3%

3 7a

*39 y4

40

39

391/4

39%

39%

39%

39%

397V

40%

39%

40%

*22 y8

22%

221/4

22%

23

23'A

23

23%

22 7a'

23%

227a

23

ii3/4

12'/4

121/4

12%

12%

13

125/s

13%

127a

1374

13

1374

38,200

16%

200

1027a

10

*16

16 7/8

16%

*16%

102 %

20 y8

20%

*201/4

*17%

18%

102

17

16 y4

16 y4

*16

*101%

102%

*101%

102%

*102

16%
102

*101 y2

*153/4

17
102 %

*102

3,300

3,300

.

20%

20%

20%

207a

207a

18'/4

18i/4

18%

18%

187a

19%

8

8

81/4

8%

8%

8%

8y8

8%

874

874

x87a

83/4

14,600

27

27

26%

271/4

27%

27

27%

277a

277a

27%

277a

3,700

*96%

96%

97

97%

9774

*20

21%

217a

217a

46

45

45-

49

49

.27

:

96%

96%

*96%

96%

9674

21

211/4

21%

21%

21%

*217»

47%

471/4

47

47%

46

47

47%

48

48

48%

48%

48%

108%

*107%

108%

*107%

108%

*107%

39%

39%

39%

391/4

40

21%

22

22%

23%

*105 ya

107

106%

10S%

23%

45

487a
108

40

*39

'24%

24%
107

*106

*106

37 y2

*37

37%

*28%

291/4

*281/4

37%

37%

37%

291/4

*37

29%

29%

*29%

2074

1087s
40

19

2,900
1,000

Vacuum

12

83/4 Jun

15

Federated

No

par

22% Jan

3

27% Jun

16

100

93

5

98% Feb
217/a Jun

12

Flintkote Co

Stores

30

100

preferred
Stove

Co_

6%

71/8

6%

71/4

67a

7%

45%

48%

48%

49%

49

49

49%

4974

4874

49

12%

12%

131/a

13 »/8

13'A

13 %

137a "137a

137a

13%

600

58%

581/4

581/4

581/4

*57'/2

58 'A

x57

57%

58

58

58%

587a

1,600

Food

20 ye

20%

20%

21

211/4

21%

x20%

2074

2074

21

21

21 3/4

5,200

Foster-Wheeler

221/2

22%

22%

22%

22%

x22%

22%

217a

22%

130

*22

*16

%

16%

•

16%

31%

16%

*92

97%

*92

16%

,

22%

31%

6%

16%

167s

17 y4

17%

17

17

97%

97%

97%

97%

97%

105

105

31%

31%

317a

317a

31%

3174

4,000

Freeport

38

3774

38

37%

38

38

38%

5,800

Fruehauf

*110%

112

37 Vt

371/4

37'/4

37%

lll'A

111 %

lll'A

lll'A

5

51/4

51/4

5%

5%

5'/4

474

5

3%

3%

3%

3%

3%

3%

37s

37s

*14%

141/2

14%

15%

14%

14%

147a

1474

40%

40y4

40

40%

4074

17%

17%

177a

,*1772

*110

112

*111

3,600
,

.

100

Corp
preferred-^

prior

31%

17

Francisco Sugar

Trailer

112

47a

5

5

5%

12,800

Gabriel Co

37a

4%

4%

474

49,800

Galr Co

xl47a

147a

147a

15

42

43%

130

47a%

197a
503/4

253/e

Jan

43

Jun

Mar 11

Jun

July

39~%

31%

Jan

16

153/a

Jan

97%

Jan

109

387a Mar 17

253/4 Jan

36

Jun

297a Mar

1

197a

28

Jun

83/a Mar

8

583/4 Mar

Jun

22%

Jan

Jun

July

37a

Jan

7

307a

Jan

53

147a Mar 28

93/4

Jan

13% July

5

60

Mar 13

3974

Feb

54

233/a Mar 24

10%

Jan

197a May

23

163/4

Jan

21

Jan

18

Jan

4

13% Jan

13

Jan

30% Jan

1

29% Jan

17'A Jun

3
4

70

103

Apr

12
14

5%

9% July

Jan

Dec

Dec

May

1574

Dec

Jun

16

50

Feb

75

Sep

333/4 Jan

15

293/4

Dec

17

Jan

38% July
3174 Jun

105

15

10

100

preferred

Jan
Jan

1

20

No par

Co

Jan

12%
42

P

16

25

pfd

Apr.

May 13

24% Jun
109

5% May 1.6

10
10

Co

78%

Dec

674

2574 July
987a Nov

11% May
53% Jan

1

Sulphur Co

18%

Jan

44% Jun

10

Corp

■

3

41

187a May
4
104% Jan 13

100

preferred

15

16

109

3

*

F'k'n Simon & Co Inc 7%

112

112

247a Jan

Feb

3-% Jan

2

Jun

Dec

13

Nov

197a July
105% July
293/4 Apr

Jan

187a

1

Jun

493/4 Jun

13

Machinery Corp

31
37%

,

34% Jan

Steel

conv

50

'4

par

Food Fair Stores Inc—

97%

97%

31 »/4

31%

*22

Follansbee

par
par
par

No par

Florsheira Shoe class A

5%

25

No

72

1,150

103% Apr
35% Jan

No

Florence

7,600

8

No

700

73/a

38% Feb

No

^

38

7

3
27

25

(The)

3774

$4.50

6i%

67a

Jan
Jan

-100

30

13

67s

17
45

preferred

National

First

Jan

1
$2.50

Corp

Fire Ins N Y

Jan

86

217/a Mar 17
203/a Jan

4

Dept Stores
conv
preferred

May

1178

6%

12

Mar

28

Nov

24

Jun

102

24

107

*28

1774 Feb

21

26

300

30

Jan

Apr

108 74

*28 7a

100

42

Nov

87e

17

Jan

*107%

30

21

14% Jan

5

10874

38

30% Nov

2

Firestone Tire & Rubber

*3774

1

Jun

20

24% Mar 21

17

5,900

3774

% Jan

19% Apr

493/4

2,100

5

5

472%

33/4 July

4% Feb

No par

Enamel

Jun

2974 Mar

25

Federal Motor Truck

474%

Jun

Nov

2% Jan

41

Nov

93/fe
143/a

16

No par

Corp

78

Jan

36 7a Jun

18

Federal-Mogul

Jan

3

14% Jan

$6 preferred
Federal Mln & Smelt Co

497a

38,500

687a

213/a Jan

3

Fidel Phen

247a

53/4

Highest
S per share

33/4 Jan

12

3

Ferro

397a

14

14 7< Jun

18

140

257a

10% Jun

18

93/4 Jan

2,800

397a

19

33% Jan

2,000

*106

67a Apr
9% Apr

21% Apr

46

2474

15

_20

No

9774

39'/4

78% Feb

par

Co

Fajardo Sug Co of Pr Rico

217a

107

15

Farnsworth Televis'n & Rad Corp.l
Federal Light & Traction15

45%

24%

787a Feb

2.50

,

49 74

*106

S per share

3

Corp_
Exchange Buffet Corp

97

.

$ per share

5

Ex-Cell-O

&

Lowest

—5

Co

Fairbanks Morse

Year 1943

Highest

t per share

50

Cleaner-

Products

45%

6 7a

45

*12%

Lowest

217a

39

24%

207a

19

'1974'

108 74

107

2074

2074

*19

Range since January 1

•

Par

83/4

10%

Range for Previous

STOCK

EXCHANGE

Erie & Pitts RR Co

86

*81

NEW

Shares

$ per share

.

for

the Week

13 5/a

9

2533

387a Jun

1

Jun

16

112

Apr

18

No par
1

274 Jan

3

2Va

Jan

27/a Jan

4

474 Jun

15

17a

Jan

20

12% Jan

5

1574 Jan

22

9 7a

Jan

14%

No par

25 '/a Feb

10

437a Jun

16

197a

Jan

30% July

100

'

40

*171/4
5%

6

6

16%

16%

*53 y4

541/2

*12

12%

8%

8

*149

4%

4%

*13'A

13%

90

26

13

127a

106%

*106

44

8i/a

43%

8'A

*149

8

152

'

90

13

8%

5%

5%

5%

57a

14%

14%

1474

93%

93%

261/4

93%

27

*145%

27

5%

6%

33,200

14%

147a

145/a

15%

6,100

General Cable Corp
Class A

94

94

27

146%

146%

1467a

37%

377a

377a

377a

41

41%

41 y4

41%

4174

113

*1091/2

110

*130

131%
61%

60%

113

3

*112

3%

,

113

113

3%

3

3

113

*112

114

3

3%

:

383/a \'
417a "

*123

109%

109%

*1081%

110

*107

110

*108 7a

1301/4

'129%

130%

*129%

1307a

*129 7a

62%

62%

63%

6274

647a

637i

127%

1277a

387a

43,800

415/a

9,100

114

'

3

64%

127%

20

*112

1307a

61%

1,400

41%

r." ■:
;r

110

139%

95

277a

38%

;•

3%

132

1273/4

*123

880

94%
2774

1453/4" 1453/4

2774

*14574

37%

*123

•

94

27

146%

41

3%

No

s*.

53/4

*123

■

30

3%

100,500

*123

.110

110

130

.

130

300
50

64%

647a

74,600

7%
7%

63/8 Mar 13

3

Jan

~6%

Jun

1

183/8 May 20
54% May 19

93/4

Jan

143/4

3

51

Jun

53%

Apr
Apr

107a Feb

11

1374 Jun

16

15

1077a Jan

14

102

Jan

107.

Aug

473/4 Mar 13

37

Jan

51

Jun

413/4 Apr 28

73/4 Jan
143

67s Jun

117a Jan

4

.100

813/4 Jan
Feb

16

-No par

35

Feb

24

No
,—

403/a Jun

par

.No

Foods

par'

112

Apr
Jan

102

*

128

Jan

713/4

20%

Jan

30%

Jan

34

Jan

16
6

Jan

9

112,

4

May 27

131% Apr

9874 May
327a May
148

Jan

1197a

837a
44

Sep

3

Dec

120%

July

128%

15

Nov

39% July
447a July

17a Aug
93

11

647a Jun

28

113%

3

9

Jun

^

Jun

874 May
187a May

Jan

130%

8

Aug

974

Jan

18

Mar 23

3»/8Jun

4

974 Jun

Jan

117

Mar 18

•

513/4 Feb

77a

Dec

151 i

Jan

126

11

._10

General Motors Corp

2%

43 74 Jan

10

115

$6 conv preferred series A -No par
-No par
General Mills
.100
5% preferred

16

387/aJun

17

274 Feb

.No par

Gen Gas & Electric A

Jan
Jan

150

10

11%

Mar

43/a

28% Feb

19

140

par

53/4
134

2

973/4 Mar

4

2574 Apr

.100

11

Jan

153/4 Mar 16

3

par

6%

May 26

103/s Mar

43/a Jan

No

Cigar Inc

Corp
$4.50 preferred—:

152

3

No

———

8'/a Jan

24

Feb .-8

6 3/4 Jan

par

preferred.^

General

3

Jan

'No

General Electric Co

Oct

Mar 17

1057/s Jun

par
—5

preferred—_—

cum

General

Jun

47a May

13 % Feb

,—5

Baking.

preferred

$8

47a

par

Transportation-

5%

="

37%

113

General

10

12

par
.—5

—

$6 preferred———,
Amer

18

7

47a Jan

57a Jun

51

1

5
-50

General Bronze Corp_;

36%.

133

Gen Amer Investors

Gen

167/a Mar

No par

10,800

40%

"

'

Co

Gaylord Container Corp
572% conv preferred

7,700

87a

(The)—

Wood Industries Inc

Gar

3,400

155

Co

103/a

40%

3

Gamewell

Gardner-Denver

93/4

37

113

87a
*150

preferred-

93/4

40%

*123

800

4574

6%

9%

36%

,

45

150

8,400

106

•• 106

;

8%

X150

3,700

13%

13%

13'/a
45

8%

*150

56,200

*5374 .* 54

106

447a

...

6%

177a"

500

173/4

6%

674

17%

1,970

.

177a

*17 7a

*

54

1057a

44%

9%

931/4

67a

,13

107

974

147

177a

16%

9%
15

42

*5374

9%

261/4

*146

"

-

6>/4
1674

54

14%

,

*26i/a

»/4

12%

*53'/4

5%

13%

147

,

6%
1674

54

9%

5

90

26%

6%

43%

152

*17%

17'/4

106

8>/a

*149

'> 9'A

9%

♦146

12%
43'A

8

152

9%.

6'/a

*531/4

107

431/4

431/4

17%

17

16%
54%

*106

107

42%

40%

*17%

6 1/4

"

16'/4
*531/4

;

12%

*106

*40

41
17%

,

1,500

(The) cl A
(Robert)

Inc

Dec

Jan

107%

Nov

137

7a

Jarx

56

Sep

July
July

'

*128

128%

*48

128

128%

49%

*48%

8%

8%

9'/8

*19%

19%

19%

128

49%

*8'A

20%

8

8

8

107

107

*107

128

8%

8%

108

51%

9'/a

9%

9'A

9%

97a

21%

22%

22%

227a

22%

227a

14,800

Gen Precision

87a

10,300

1%

22

22

8%

108

22%

1%

'

1%

♦107

51

*49 7a

17a
22 74

*107

17a

23%

23%

*117%

51

8

8%
108

1%

23

8%

17a

:

237a

*118

~17a
77%

76

76%

221/s

22

22%

21%

2274

217a

217a

18 »/8

18

181/4

18'/a

1874

187a

21 »/4

21%

18

18

18

17a

14,600

Gen

24 %

4,500

Gen

~1%
■

78

263/4

263/4

1,400

General

*26%

27

27

26

26%

X263/4

28%

1,900

Gen

*112%

114

8,300

General

*112%

114

*112%

24%

24

103

103

114

*112 7a

114

24%

25

*102 74

103

2474

103

'

257a

25

11%

11%

11%

11%

12

83

85

85

86-

88

15%

15'/4

161/4

15%

16

157a

9 6 »/8

7 *94%

95

20%

21%

21%

*48%

49%

49%

*94

*95

96i/4

20

15'/4

20%
49%

*48%

1%

1%

1%

V 49

12%-

•••?'• 1%

2

13

/•"'

;

4

,.•/•'< 4

r%57'

46 %

17a

1%

l5/a .0'

37a

374

37a--;-

94%

95%

*

51

5074

96%

97

51

13

13 y4

*107%

101

50%

10274.

1097a

13

*1073/4

21/4

4

2%

21/4
.

2%

27a

■

!

.•*

"
•

4%
18%

4

-*17%

;

2%

274
4%

*17%

13%

351/4

35

35 y4

24%

*24

24%

*24

24%

X35%
*233/4

4

24%

151/4

15

15%

15

157a

157a

15%

325/a

333/a

267a

267a

331/4

26%

33

27•

127a

*151

153

35%

3274

2774
.

13%

35%

33%

26%

■

153%

*57

60

'<■*47%

*57

•

48%

20%

11%

11%

;i3

141%

12%

X26
X153

-

.'114i»'

13

33 7e

13 74

14%

v-14

*54 v

800

13,400
400

; 7.700

■

141/s

36%

*148

597A

151

*577a

■

•

48%

48%

4874

49

33

x20%

2074

2074

203/a

11 y4.

Xll'/a

11 y4

1474

15%

117» s 11%
147 V14% '■
.4%

v

14

15%

y4

54%

54%

541%

53%

47%

47%

48

48

1

4

y '4

142

3%

140

15%

,

47a
140

.

54

48 y4

54%

477a

,54%

15 74,

48%

■■

141

t.

4

441

477a—47%-

3£

.

>

23,100
5,600

4 72 %

1,800

-117a

26.500

4 7a

2,500
••"

140
-15

Goodrich Co

.

-

150

19,900

157a

91
July
2$ 7a Jun

Jun

9

887a Jan

22

60

Jaa

20

263/4 Jun

15

167»

Jan

Jan

6

287a Jun

1

15% Jan
108

Sep

113

Dec

99

Feb

17
3

13

Jun

69

Jan

6

88

Jun

13

11% Jan

19

16% Jun

12

5

Jan

14 74

Jan

7

96% May 26

59

Jan

857a

1874 Jan

4

,22% Jun

16

Apr

26

493/4 Jun

8

Jan

3

2% Mar 27

2 3/4 Jan

4

4% May

103

143/4

Dec

233/a May

Jan

16

7% Jan

X83

par

50
—1

——

45

,

1

v

—1

Gotham

257a Jun

Jan

Mar 31

1

Graham-Paige Motors-,

3% Jan

Grand Union Co_,i——. -No par
_No

Granite City Steel

(W T)

Grant

Ore

97a Feb

par
._10

pfd.

572%

preferred-^—
—No

Guantanamo Sugar

8%

preferred-

aoo

yx—

—No par
Gulf Mobile & Ohio RR—.

4.200

*5

12,800

Gulf

Drpferred—
Oil

90%

Jan

417a July
1087a July

13

Jan

5
6

8 4,;Jan

13% Jun

13

73/a

8

5

297a

—

347a May

No

par

—23

Corp——;

8

Feb

3

:

5074 Jan

19% Apr

57%
.

2274 Jan

24

127» Jan

24 7

11

Apr

18..

157s Jun

13 7

Jan

'3

433/4 Apr

25

,33

Apr
327/a May

Jan

273/8

l

154

Jan

Sep

3174

Jan

11.% Jan

50
:■

Sep

217*

;v,. 13

1774 May

107a Nov

J i

274

Jan

5

81%

Jan

1603/4

f16 74 May if.

.i3 7a

Jan

583/4 May 19

2578

Jan

4474

Dec

*43/8 Mar 10

150

-

..49% May 19 *

j

Dec

Mr July

Mar 14 •;

?.

Jan
Dec

65.',Jan

l;

Jan

147a

5.

19

29

3

Sep

July

18

138

Apr

6% Jan

37
26

237» Nov

<

:

67

Feb
Dec

Dec

21%

9

12

Mar

Apr

July

133/a May

13%

31

1537/a Jun

57
May 23
4374 Feb 17,,

,-■'•3% Apr
3.1*,
Jan .26;
123

6 3/4

17

.

Jan

24

257a Mar 15

.,29

Dec

2s/a May

3%-Dec

Jun

4%. Jan
18

•

Oct

1013/4

Jan

27a Jun

Sep

9%: Apr

4% Jan
80

,9

411

.

457a
102

Jan

20

y

par

9774' Aug

Jan

257/a Jan

—1

Aircraft Corp—.

Grumman

33/a May

Sep
Jan

3;:

2478 Jan,

v

Jan

13% Mar 18

-.1433/4 Feb .15;.

-10

13/4

16

73%

25 78

157/a Jan

—1;
Green (H L) Co Inc——
Greyhound Corp (The)—— —No par

1% May

-ft Jan

4

1083/4 Jun

.100

West RR„—

■■

Jun

24%

367b Apr

,

48

Jan

83

14% Jan

par

41

16

3

.100

—

—

Oct

223/a July

16

32% Jan
237/a Jun

par

Western Sugar

Sep

143/4 Jan

17

par

Prop—

Great Northern Ry 6%
Great

3

1574 May 18

May

Feb

-20

Co

preferred-

5%

Great Nor Iron

Jan

74

,533/4 Jun
104'

-100% Jan ,25

;:::'i%

974 May

Jan

603/4 Jan

110% May 11

Feb 77'.
Jan / 3

8% Jan

43/4

16

493/a Jun

40

104% Jan.

—5

Granby Consol M S & P—

3

36 3/8 Feb.* 8

No par
,100

102% Jun

98

•

—y—-—No par

Hosiery—

•

85% Jan

100
No par

(B F)

-$5 preferred

48 74

•'

'47%

Jan

22

Goodyear Tire & Rubb
:—No par
$5 convertible preferred—No par

57%

56%

'

1,400

,14% '"15

1474

9%

253/a Jun

Brewing Co——
Gold & Stock Telegraph Co

Green Bay &

17,600

140

15

113% Apr

No

(Adolf)

110

493/4

"

4

8

preferred

conv

240

'•15 i

•21%

4

233/a Mar

14

No par

(The)

Glidden Co

Preferred

2074
"*n%

'

.

100

493/4

>./.*,

141^
54~3rfsMn&

1,400
6.200

27 V\

--

Jan

110

'

593/4' •593/4

r*-

<4-.aT)
*4'-

147a

.

%y

263/4

"

13,000

157a

"*148

5074

20%

13%

24%

-

''•<

400

367a

*233/4

59%"

20%

140

-r

14%

*57%

4,200

13%

4'

267a
153

147,400

4 7a

18%

15

235/8 Mar 20
183/8 Jun

•.

Jan

Preferred

23/a

7a" V

XI3 7a

36

11%

3%
141

59%.'

48l:

13%

3%

4

13,500
4

127a

"2%

1874

131/4

20 V2'

142

500

109

'

Jun

59

12

193/4 Feb

tGoebel

110

47a

47a
1874

Aug

1%

Jan

Apr

No par

$6 preferred-—-

Gobel

493/a

123%

'

; *107%

115

.Mar
% Jan

317a
157/a

83

No par
No par

preferred

conv

4,300

533/4

110

127a

$5

Gimbel Brothers

5,400

103 '/a

483/a

10972
107

200

102 74

51%

*104

8,

2:7a Mar 21 (

Nov

2% May
257a May

.100

Gillette Safety Razor

l5/a

103

'

1187a Jun

112

Jan

—5

Co_,

preferred

37a

1017-

i"

1,400
10,000

50

37a

'M.

18,800

227a

'7(17a

,'

800

95

>22 in

:

36,300

1674

*17 72

'''

4

*17

41/8
18

11%

*3%

90

1 *493A

48 3/8

123/4

109

;

472%

Rubber

&

11

12%

Jan

19

-

par

.100

preferred^—
Tire

16

•

Nov
6% July

;

13

94%
■'
■

51

127a

!'

157a

Mr

103

487a

*10774

109

50

*1027V

10874

20%

47%

17a
37a

1%

108%

2

153

57

•

12%

*4974

108%

20%

*

:

4974

*88%

'

7

461/2'
-

4974

*108

-*111/8

'

213/4'.

,12 m-:

,

Ino

247a Jun

•

39

24% May
874 Jun

Jan

5
3.

13174 May

Jan

3*

227a Jan

76

—20

Corp—

Instru Corp

47a
103»/a

25

12
193/a Apr 25
147s Jan

16

Mar 16

87a Jun
109

517a Jan

No par

Feb

16

17b Jan

par

"

32%

:26%
154

217a

487a

131/4

14%

32%

31%
•

26%
'*1.52%

2174

477a

34%

14 7/8

947a

21%

102y4

109

*24

24%

947a

3%

50%

<

131/4

35

95

48%

12%

14%

95

102%

18

24%

157a

48

12%

*341/4

1574

49%

102%

18

12%

157a

108%

*107%

108

■

'

98

47%

*108

12%

*107%

12
88

1%

103

47''/4

109%

117a
88

3%

50%

103

47

12

21%

92f

91%

49%

49%
*102%' 103

*108

3%

9iy2

94

46%'

1%

3%

♦'

3%

3%
93

1174
88

•

60

103

1027a

Telephone

Time

6%

114

*11272

/

>C

11%
83

930

Apr

.—1
No

2,600

7774

263/4

*26

112

.100

—

130

27a Jun

197/s Apr

1
General Shoe Corp—
Gen Steel Cast $6 preferred--No par

■'

78

27

par

183/a

7774

*26%

174 Apr

18%

267a

*102

10674 Mar 30

183/a

78

103

par

General Refractories

26

*102

Jan

9,400

25%

103

133/a

223/e

114

*102

16

22

;-.7

7774

23%

22% Jun

1,300

78%

.

18% Apr 26
67a Jan
3

76%

25%

.

Jan

~No

Realty & Utilities
dlv series

25%

23%

Jan

27»

.10c

$6 pref opt

78

23

17%

13

80

78

231/4

2

97s Jun

No

Railway Signal
6% preferred

25%

'

23

Nov

493/4 Jun

3

Equip Corp— .No par

Gen

21,100

-——

Public Service

27

*112%

125 7/a

3

4% Jan

1

A

preferred

$6

2%

1%

>■;

Outdoor Adv

Common—

x25 '/a

77

27

..

$5
Gen

25%

76%
*24%

-

60

107

*118

17a
*75%

211/4

200

6,500

237a

'

T%

1%

76

-1,000
Z

17a

77%

75'/8

78

107

2

*23

*118

8%

108

*75

"1%

1%

76

*73%

■

1%

*117%

*117%
"

1%

22%

1%

11

36 3/4 Jan

par

General Printing Ink

8%

*107

'

*1%

1253/4 jan

par

No

No

*49 7a

9%

21%

20%

par

.No

preferred

1277a

*49%

9%

9

1277a

49%

49%

-s

,

>■Jun

Jun

107a May
4172 May
507a July

,5
.*■*
.

*29

29%

*34%

36

18%

1877

.

109
i

16%

<

*

16 Va

31

*35

36

18%

18 %

*29

14%

15

14%

109

*107%

102%

*102

10274

16%

16%

footnotes

see

1678
*150

page




2539.

14%

31

35

x34

34%

18%

147a

*1073/4
102

17
—

*29

18%

109

31

35

-

19

*107%

*150

*150

For

18%

*29

36

*35

29%

102%

14%

14%
*107%

29%

.•?'* It

17
,

,150

147a

•187a
1474

109

*1073/4

102 3/4

*102

17%
150

177a
*146

187a
147a
109

102%

17%
150

,

>

H
*29

293/4

18%
147a
*1073/4
102 74

17
*146

31

100

31

520

Hackensack
1%

Water—

preferred class

183/4

1.500

Hall

147a

2,300

.23

27

Apr

4

.23

293/4 Jun

16

.10

Hamilton Watch Co—
6%

109

102 7a

120

177a

5,800

150

20

Printing

Co—.

-f-No par
—100
A) Co $4.25 pfd—No par

preferred

Hanna (M

Harbison-Walk
6%

preferred

Refrac——-No
;—

S

15% Mar 13

29% Jun

12

38

May

19

Jun

13

5

26

157a Jun

8

106

Apr

11

108% May

4

102

Jun

14

1023/4 Jun

457a Apr

24

1174 Apr

138

Jan

6

Jun

287a

Sep

38

Apr
187a July

35

Jun

127»

Jan

9%

Jan

1574 Jun

1047a Mar

110% July

12

177/a Mar 16
150

223/4 Feb

8

1372
135

Jan

18% July

Feb

1447a May

THE COMMERCIAL &

2534

Monday, June 19, 1944

FINANCIAL CHRONICLE

Range for Previous

STOCKS

HIGH SALE PRICES

LOW AND

Saturday

Monday

June 10

June 12

$ per

$ per share

73/4

107 %

*106%

7%

7%

7%

106%

107%
7%

*106%

107%

72 3%

*69%

72 3,4

22 %

23%

82%

*82%

23

22

*22

213 i

*213/i

*64%

66

*643/4

66

*114%

116

*114%

116

*22%

22%

*22%

23

22%

22%
4l3/t

x41

22

21%

22

40%

41%
153%
16

*14%

14%

14%

14% :

15

*15%

15%

15%

16

16
.

*116

*116

44%

44%

16

16%

43 3/4

44%

43 %

44%

16%

173%

17%

62

62

62

60%

*60%

111%

111%

111%

66%

66%

663/4

66%

10%

10%

11

11%

11%

35

35%

35

35%

33

60%

44%

45 3 8

44%

44%
173/8

66

116

22%

41%

2,500

16%

900

3,000

15,400

453/a

45

500

45

*44%

17

17%

17%

17%

*60%

61%

200

111%

111%

Hudson

10

*9%

93/4

400

26%

*26%

26%

265/a

27%

13

12%

12%

13%

13

13%

51,700

2%

2%

2%

2%

130,100

26%

12%

123/4

Feb

34%

26%

26%

63

Co...

263%

12%

par

12%

: >2,100

13%

12%

2

2

23/8

23/8

27%

27%

27%

27%

2734

27%

27%

27%

1,900

27

27

27

27

153/4

153/4

16%

16%

17%

17%

17

17%

74,500

153/4

15%

16%

14%

34%

343/8

35

36%

35%

37%

363/4

37%

37

34

623/4

63%

64

633/4

6434.

64%

64

64%

14%

14

14%

14%

143/a

143/4

17

17

16%

16%

163/4

17%

17%

17%

17

623/4
*13

16%

39

100%

*96%

973/4

100 %

993%

800

*160

*160

2,800

77%

773/4

773/4

78

78

78

773/4

79

78%

10

10%

10%

10%

10%

103/4

10%

10%

10%

11%

13,200

9%

7%

7%

*75/8

8%

*7%

8%

83/a

100

*7%

*73/4

8

9 3/4

*7%

34%

34%

34%

8

34
*112

112%

112

*112

114

7%

7

•7

7%

7%

1%

114

7%

7%,

8

8

8%

170

170

172

76

77

114

*7

34

34

*33%

33%

33%

34

*33%

170

169

169

600

99

79%

77%

*76 3/4

*112

102

99

*98%

98%

4,200

413/4

403/4

/'

/

7%

8%

8

7%

8%

73/4

4,600

8%

7%

8%

29,100

'

r

8

1,000

76

13,400

x753/s

76%

75%

763/4

75%

175

174

174

*173

172

172

75%

75%

75%

75%
173%

173%

173%

173%

173%

173%

2%

2%

2%

2 3/8

2%

2%

2%

23/g

15,400

2%

2%

2%

2%

16%

16%

16 S/8

1634

Xl63/a

16%

163/4

16%

16%

16%

16%

69%

69%

69%

263%

26%

5
27

*131

27%

273/8

132%

132%

132%

132

*131

6,100
200

r

5%

4,000

27%

29%

53,900

131 %

131%

30

17%

40,500

5%

27%

27%

27%

132%

5%

5%

5%

27%

132%

*

*683/4

70

5

5%

5

V"

47/8

263/4

5

*4%

17

*683/4

70

*683/4

69%

69%

70

*69

173

4

*131

132%

16

16 %

163/4

17

17

17%

16 3/8

17%

163/4

173/a

17%

81

813/4

82%

81%

82%

82

823/4

82%

83 %

80

80

3,300

10

10%

10%

10%

10%

11%

10%

11%

11%

113%

9,400

85

85

853/4

87

88

88 3/4

43 %

43%

*41

42%

38

38

*793/4

10%

*10

85

85

84%

*41%
*37%

*41

43%
38

„

38

67

67

127

■

673/4

*120

*118%

673/4
127

15%
16%

16%

16%
17

17

17%

*34

34%

34%

34%

38

70

-

*120%

88%

42%

"

'

*67

68%

703/8

900

70 3/8

18

173/4

18 3/8

308,500

18%

17%

18%

173/4

18%

18%

183/8

23,300

17%

17%

173/4

173/4

17%

17%

"5,400

17%

17%

17%

17%

17%

*16 3/4

11%

400

34%

34%

*34

34%

*17%

343%

34

*34%

35

V

800

Jan

413/4

Apr

Jan

2%

Jun

4 %

Jan

10%

Jun

10% Jun

5

4

27% Jun

16

22 %

Jan

29% Mar

4

13% Jun

16

4%

Jan

11% July

4

2% Jun

16

ii

Jan

23/4 May

28% Jun

2

•

3

17% Mar 22

3

393/8 Mar 22

46

Jan

4

67% J.un

5

Jan

4

143/4 Jun

16

,

8

153/4 Apr

Jan

16 3/4 May

18%

Jan

31% May

37

Jan

48

May

4

May

8

Jan

13

17% Mar 16

11%

Jan

19% July

"41% Jun

16

32 3/4

Nov

..443/4

Jun

86% Nov

100%

Apr

25

353/8 Apr.14
Jun

8

102

Jun

16

88% Jan

3

99

Feb

3

164-

Jun

5

79% Jun

16

100

6

Mar

158

3

71% Feb

28

——No par

27

Jun

35

Apr

62

Jan

93,6 Nov
6%

7

8% Mar

7% Jan

158%

11% Mar 15

9% May 11
29% Apr

July
783/4 July
15% Apr
8% July

Jan

213/4 Jan

16

168

Jan

38 % July
115

Mar
Mar

100

1093/4 Jan

27

114% Mar 13

106

'6% Jan

3

8% Mar 17

6

Nov

9

par

Jan

9%

2

par

6 3/« Jan

27

8% Jun

16

6

par

154% Feb

29

175

Jun

16

144%

Jan

77

Jun

13

565/a

Jan

173 3/4 Jun

16

par

673/4 Apr

25

100

165%; Jan

28

——

Hydro-Elec Sys class A——25
Min & Chem
—5
preferred-..
,——100
International Mining Corp———1
Int Nickel of Canada
—No par
Preferred
-100
International Paper Co-,
15
5% conv preferred
*
100
Inter Rys of Cent Am
—No par

1% Jan

•

25% Apr
Jan

Jan
Jan

19

Jan

67

14

3 s/8

Jan

29% Jun

19

16

25

Nov

Feb

134

3

•

4% May

%
55%

5% Jun

3

14

129

Dec

16

8%

36 %

138

Feb

11

84% Jun

1

453/4

Jan

693/4

Dec

33/s

Jan

11%

Jun

37%

Jan

71% July

66

73/4 Feb

3

11% Jun

100

4

90% Jun

2

39% Jan

13

433/4 May 24

35% Jan

13

38% Jun

56 3/4; Jan

3

Feb

3

preferred——
Intern'! Telep & Teleg
—No
Foreign share ctfs——
No
Interstate Dept Stores
—No

-1

Jan

383/4 July

Jan

60

9

102%

Jan

115

16

6%

Jan

16% May

Jan

16% May

120% Mar
18% Jun

12

18% Jun

15

15

19

18

13

Apr

Apr

July

28
«36

11% Jan
•'

44 *

39

6

71% Mar 10

113/8. Jan ,12

par

No par
1

Intertype. Corp
Island Creek Coal

117

100
par
par

Dec

17% Jun

68% Jan

1%

143/4

7

No par
—No par
50

International Silver

Apr
July

Jan

13% Feb

14

preferred

5%

International Shoe—

Mar

July

•

6% May

—

International Salt—

Jun

July

>113/4

'

130

Sep

177

6

2% Mar

13

4% Jan

Jan

743/4

17% Mar 23

3

Jan

65

162

Apr

177

70% May 27

4

15%, Jan
•

4%

$6 preferred

*139

*139

*139

*139

*139

17%

17%

17

17%

Jan

%

25

International

{'

18

9% July

3%

Feb

Int

450
100

July
57% July
July
68% Nov

114

30%

2% May 31

1

—No
Interlake Iron
——No
Int Business Machines
No
International Harvester——No

2,600

38

127

*120

127

*120

127

"'31%

38

38

v

17%,

173/4

*139

<•

*67

68%
127

16%

17

16%

16 3/4

x37%

16%

15% : 16%

15

15%
*163/4

*41

38

*120

*87

*40%.

44

43%

;

67%

,

♦

'

853/4

.

59% Aug

10% Jan

20

Intercont'l Rubber..

Preferred

Mar

25% Jan

No par

preferred

6%

Jan

105

Sep
July

1% Jan

—100

...

Co

Interehemical Corp

44

Mar

24

Inspiration Cons Copper—.
Insuranshar^s Ctfs Inc

600

173%

1733/4

173%

173%

173%

Steel

Inland

40

-

113

113

114

*112

7%

7 3/8

1,200

35

Rayon..—

$4.50 preferred A
Ingersoll-Rand_
■6% preferred

17

8% Feb

No par
—No par
—No par
-No par

Indianapolis Power & Lt
Industrial

101

45

Jan

12

Jan

6

223/8 Mar

100
1000

.

ctfs series A—

1,700

17 %

Jan

93/4

100

Leased lines 4
RR See

36%

16

20
loo

Central RR Co

% preferred series A

6

42%

11

par
1

-

Idaho Power Co
Illinois

13/sJan

par

-No

Hupp Motor Car Corp

6,300

37

101%

*100

*160

*160

2%

40%

40 3/8

40%

98%

98

98

98

98

*160

*160

*17

100%

*100%

100

100

.

40

40%

393/4

40%

100

39

39

*99%

23/a

-

Jan

117/b Jun
21

100

u

Aug

31

67% Jun

307/s Feb

100

preferred—,

117

35% Jun

7% Feb

5

Bay Min & Sm Ltd—. -No

Apr

Jun

112

25

-

Hudson Motor Car

1,910

13%

133/4

14%

13%

133/4

*34

2%

Co.. —No

Manhattan

5%- non-cum
Hud

850

623/4

64

623/4

1%

.

17% July
17

115

12%

64% Mar

Jan

Howe Sound

263/4

*26%

par

Jan

Sep

17% Jun

-Jan

6,900

*9%

7

44% Mar 16

May

54

34%

10

4

133/4 Jan
108

34

*9%

;

100

34%

9%

403/4 ju]y

42

-

343/a

9%

26%

Class B

IP/a
353%

2

Jan

Household Finance—. —No par

of Texas v t c,

9%

28 3A

par

Z —No

Houston Oil

9%

41% Jun

36% Mar

5

Jun

1,200

2

213/a May.
253/8 July

46

34,900

2

Jan

4

11%

9%

Jan

16%

Jan

663/4

*l3/4

14%

223/4 jun

39

11%

*9 %

Aug

x22% Jun

Apr

663/4

3,800

'

117% Apr

2

21

117

11%

1%

July

27

23

67

1%

118

136% Aug

19% Feb

Feb

11%

2

Jan

Apr

Jan,.

20% Jan

116

67

*1%

100

114

16 3/8 Feb

113s
9

71

16% Jun

67%

9

Jan

13

111%

2

Dec

49

10

11%

2

128

par

-No

&

Jun

87

-73

13% Jan

67%
33%

Oct

29% Dec

16

134

3

12.50

Houston Light & Power

123/4 Jan

.

Mar 10

86

18

Jan

133/s Jan

111%

.

Jun

152

1093/4

66% Mar 18

24

Jan

.-No par
ioo

Houdaille-Hershey cl A

preferred

Aug

25

Apr

10

preferred

5%

Apr

172

273/a Feb

24

63

Homestake Mining

50

111%

*111

71

Jan

21

—5

67%

66%

110% July

Jari

25

Jan

Jan

10

111%

*111

Jan

563/4

May 24

75

(A)

Holly Sugar Corp—

13,700

61%

93%

12

75% Feb

128

(Del)

Furnace

33/s May

par

(C E) The.—*.

Hollander & Sons
7 %

*60%

62

Holland

Jan

4%

1

Hires Co

>

1%

163

20% Apr

._No par
.100

—

Hlnde & Dauch Paper Co—

-.1,100

10 % May

-No

preferred
Hershey Chocolate
$4 conv preferred

23

15 %

Dec

108

6

Mar 11

160

par

Jan

6

-No

6%

41

46
45

*44

17%

163/4
*60 %

30

*116

*116

44%

Hercules Powder

*14%

16

44%

44
*44

*111

16

*116

*116

Hercules

1,700

15%

16%

16

Motors-

6,900

22%

41%

15%

-No

86

4% Jun

Mar 13

63% Jan

25

100

1

% Jan 28

99

.25

preferred-

non-cum

86

130 3/4

*22%

15%

III—2

Co

Glass

16

8

28

2

7% May

Jun

8/8 May 12

5

6% Apr

W)

23%'

23%
*129

22%

223/4

(G

1%

10

*115

15%

45

43%

43%

41

*15%

Helme

■>643/8

23

40%

40

40%

<*393/4

Hazel-Atlas

100

85

130%

66

*22%

23%

*22%

200

23%

83

*129

116

*64%
*114

116

*114

116%

-

101,400

72%

83

823/4
1303%

82%
*129

130

130

66

*64%

66

<■64%
*115

82%

23

23

23

23%

82%

130

*129

130

<■129

23%

4%

104%

*162

6% Jan

104% Jan

t per share

108% Apr

14

1

Hayes Mfg Corp

4%
72%

72%

*162

*162

83

23%

82%

*71

105

*70%

12,000

104%

43/8

4

"104%

6% %

Hayes Industries Inc

Highest

$ per share

$ per share

100

class A_,
preferred—

Hat Corp of Amer

20

.

7%

7%

7%

7%

4%
105%
72%

4%
105%

163

163

163

*160

163

*160

106

106

106

<■691/4

4%

4%

4%

3%

7%

2,700

109%

Year 1943

Lowest

Highest

$ per share

Par

Shares

8

*106%

7%
107%
8%
4%
4%
105% 105%
*71
72%

8%

7%

7%

7%

<■

7%

7%

7%

107%

*105%

$ v»r share

share

*106%
7%

73/4

*106%

share

$ per

share

7 3/4

1%

$ per

$ per share

Lowest

EXCHANGE

the Week

June 16

June 15

June 14

June 13

Range since January 1

STOCK

YORK

NEW

Sales for

Friday

Thursday

Wednesday

Tuesday

15

Jan
Jan

6

138% Jan

63/4

17

Sep

Jan

18

Jun

27%

Jan

32%

Apr

Jan

145%

Jun

9% Jan

34% Jun

135

Mar 15

141

183/4

10%

17% May 25
6

4

29

Jun

Deo

July

•

J
16%

16%

16%

17%

17%

18%

11,600

>

33%

32%

33%

323/4

34

34

341%

3,100

*109%

112%

*109%

112%

*109%

95%

96%

15%

15%

15%

16%

16%

*31%

32 Ve

32%

33 %

33

112%

*109%

112%

*109%

927a

933/v

93

*95

*95
22

773/4

77%

79

11%

11%

*109%
98%

99

6,500

99

No par
RR stamped__100
Jones & Laughlin Steel
No par

84% Feb

preferred.;

42,900

—

Johns Manville Corp

Chicago

&

23%

23%

23%

23%

23%

23%

24%

67

67

67

67%

68

683/a

1,200

5%

pref series A

79

79%

79

79%

80

81 %

2,100

5#

nref

11%

12

12

12%

13%

19

19

19

11%

11%

26

10

99% Mar

99

Jun

15

70

Jan

78

3

95
May 25
24% Jun 16

19%

8

20% Jan

July

34

.Feb

109% Aug
92%

Sep

Aug

79

Aug

Jan

26%

Apr

Joy

1,800

Kalamazoo Stove

58

5

68 3/a Jun

16

54

Nov

65 "

100

Apr

66% Jan

4

81% Jun

16

64%

Dec

82

100

B couv_„

Co

Mfg

16

15

May

16% July

Jan

16

Feb

21

Apr

103/a Jan

14

133% Jun

16

8%

Jan

123/4

Jun

1

series

5,200

,

90

9%

18% Jun
34% Jun
110

3

Apr 22

—100

Joliet

*95

*95

13% Jan
27

1073A Jan

4%%

112%

-1
No par

Co—

Jewel Tea Co Inc

79

*66

79

*11%

11%

*11%

66%

96%

112%

Jarvls (W B)

67

23%

23%

96 %

95

*95

*95

__

66 %

'66

*76%

95

22

22

*65

v

16%

Mar 21

xl2%

Jan

121

Dec

Jan

K
17%

17 3/4

121%

—

*121%

*105%
*

19

34

16 3/4

16%

19 %

105%

„

19%

20

23%

17

23%

17%

29%
20%

*34%
*5%

'

17%

'

120%

—

120%

10

10%

934

10%

343/4

34%

34%

343/4

16%

17

17

16%

16%

/•

*120

10%

35

18 %

17%
*112

19%

19%

20

*111

23%

23%
17%

18

*112

115

•

19

19

19%

700

.

1,500

163/4

40

I,100

19%

—

*22%

23%
18

xl7%

115

*112

23%
18%
115

23
18

-112

2,000

23

II,000

18%

29%

30%

30%

31

30%

30%

30%

30%

30%

20%

20%

20%

20%

20%

20%

20%

20%

20%

20%

*35%

37%

*35%

37%

*35%

37%

*35%

36%

36%

36%

5%

5%

53/4

5%

*5%

534

*5%

5%

29,300

31%

20%

5%

•

653/4

66%

66%

67

25

25%

25

25

24%

24%

24%

24%

243/4

247/a

1,800

*8%

9%

9%

9%

9%

9%

1,300

34%

9

32

32

25

9
32

32

32

34%

34%

35

34%

*8%

9'
32%.

32

35%

35%

•

32%

32%

323/4

33%

35

32

35%

35

35

35%

19

15

124

Kansas

4%

non-cum

10

10

10

10

*9%

10

10

9%

88%

88

90

87%

89

87%

87%

88

28 "a

28%

283/4

28%

29

29%

29

29%

x29

*22%

23%

233/8

23%

23%

23%

*23

23%

*41%

42%

42%

43

43%

43%

42%

43%

9%

9%

9%

9%

9%

9%

*87

9%

26%

9%
27%

26%

26%

118%

118%

5%

5%

5%

5%

1%

1%

1%

27%

1%

120

*118

120

27%

27%

120%

5%

6

5%

,

1%

1%

l3/4

10

1,150

88

500

88%
29%

29%

29%

*23%

233/4

233/4

*42%

43%

9%

9%

43

93/8

2,200
;

700

43%

1,000

9%

10,900

273/4
.

%

28%

28%

7,200

120%

120 %

*120

1203/4

150

5%

5% '

1%

9%
87

*23%
"

28

120%

120

9%

5%

6

6%

8,400

1%

1%

1%

13/4

8,400

28%

Kelsey Hayes Wh'l conv
Class

5%

preferred

conv

22%

23

22%

23%

22%

23%

23%

23%

23%

23%

3,900

31%

31%

3!?%'

32%

32%

323/4

33%

33%

33%

5,200

Lehman

*20%

20%

20%

21

21%

21%

1,000

Lehn &

40%

40%

40

40%-

40%

403/4

1,900

Lerner

51%

51

51

51%

52%

5,200

20%

20%

20%

20%

39%

40%

40%

493/,
7

*41%

7%

7

7%

*42%

43

51

51

50

49%

7%
43

43

51%

.

51

*78
*80

79%

79%

81%

81

*80%

80
82

83

738

7%

7%

43%

43%

43%

45

45

400

182

Xl78%

*28%

29

*28%

29

*37%

38

x38 %

38%

footnotes

see

page

*

82

82

82 %

82%

81%

81%

700

83%

83%

8334

83%

83%

82%

83%

3,400

178%

178%

178%

178%

2539.




179%

179%

28%

178%

180%

For

82

28 7

8

28%

28 %

39

39%

39%

39%

*178%

180

*28

39%

29

40%

7%

35,000

7%
*42%

7%
43

'

*28

40%

7%'

29

40%

.

270
200

4,900

4

13% Feb

19

102

Jan

5

17

Jan

110

111

25

13% Jan

26

111

17,

6

Mar

May 18

293/4 Jun * 9
7

19% Jan

4

19

393/8 Mar 11

20

Jan

20

5%

19%
127

293/4

Apr
Apr

17

Sep

Jan

104

Nov

May 29

11%

Jan

17

Sep

115

Dec

7%

14

Jan

5

1033/8

Feb

23% Jun

13

143/s

18% Jun

16

,

Jan

May

8
323/a Mar 17

115

Sep
Aug

10%

Jan
Dec

83

Jun

105% May 18

4

-

25

May

20% Mar

36%'Jun

8
16

8%
102

24% May
16% May

Jan
Jan

28%

Jan

,

Jan

25

Apr

35%

Jan

•15%

113
••

Apr

20% July

July

34

par
—1

31% Mar
Feb

17

■5% Jun

2

1%

Jan

54% Jan

28

70% Jun

2

34%

Jan

58% July

par

Feb

11

25% Jun

10

18%

Jan

24%

Sep

63/4 Jan

25

Apr

._10

...1
par

No par

100

100

No par
Lane Bryant— i-iZ—*.—-No par
Lee Rubber & Tire——
5
Lehigh Coal & Navigation Co
10
Lehigh Portland Cement..
-25
4% conv preferred—it
100
Lehigh Valley RRj
-£
-50
Lehigh Valley Coal—aJl—No par
Lambert Co

6%

3

6% Jan
193/4 Jan

Feb

14% Mar 28

3

22

•273/4 Jan f 4
4

31% Jan

6% July

7

2%

Jan

10 3/s

16

23%

Jan

32%

Sep

353/8 Mar 17

24%

Feb

323/4

Nov

9% Mar
33% Jun

y 1

31%
39%

Bak

Laclede Gas Lt Co

22%

403/4

No par

Co.. 1 No par

31%
20%

A—, .—1

.—1

Kennecott Copper

223/4

*39%

cl

B

31%
*20

par
.100

—1
Stores——
.100
5% conv preferred—
—5
Kayser (Julius) & Co
Keith-Albee-Orpheum conv pfd .100

.

*9%

-No

preferred—

Kaufmann Dept

Kroger Grocery &

530

65%

25

27

3,300

1,300

65

9

16% Apr
120% Jun

2,300

.100

.

53/4
66

65%

67

.LlO
-No par

Keystone Steel & Wire
.No
Kimberly-Clark Corp—
Kinney (G R) Co
.
$5 prior preferred—.—, -No
Kresge (S S) Co__———.
Kresge Dept Stores..._
-No
KresS (S H) & Co

1,400

653/8
*8%

67

5%
66

& Furn

& L nf ser B.
City Southern

Kan City P

Kendall Co $6 pt pfd A—- -No par

115

30

36

10

9,000

11

35

*16%

*105%

105%
•

23%

23%
115

*112

115

112

*120

10%

*111

*111

111
23

1

'

105%
19

"

'

18%

18%

18%

18%
„;

34%

9%

10

16%

16%

*120'.

*

_

33%

33 %

34

16%

_

9%

9%

9%

*32%

18%

18%

18%

••

-

(The)

preferred

(The)
Fink Prod Corp
Corp

50
—1
5

No par
Libbey Owens Ford Glass—No par
Libby McNeill & Libby
7
Life Savers Corp
-5
Liggett & Myers Tobacco
-25
Series B
25
Preferred
^
100
Lily Tulip Cup Corp
No par
Lima Locomotive Wks
No par
Stores Corp-

9%
62
26 1
17%
38

8
21
113

4%
1%
15%
29%
18%
36%
42

6%
39

68%
67 %
174 %

26%
36

Jun

3

13

Jan

14

104

Apr

17

Jan 119

Apr

24

Jan

3

Jan

17

9%

Jan

73

Oct

29% Jan

6

173/a

Jan

Jun

233/4 May

5

113/4

Jan

193/4

13

26%

Jan

8%

Dec

9

Dec

Jan

29

July

120

July

43% Jun

10% May 29

Jan

35

20

Jun

Apr

26

28% Jun

16

Jan

7

120% Jun

14

107%

Jan

Jan

3

7% Mar 21

2 5/a

Jan

Jan

29

1% Apr

10

Feb

4

25% Apr

10

11%

Jan

4

333/4 Jun

16

Jan

5

213/4 Jun

16

Feb

14

3

Jan

24

Apr

41

8

20 3/4

24

Jan

32

143/s

Jan

22%

Jun

Jun
July

Jun

23%

Jan

38 3/s

Dec

31

Jan

43%

Dec

Jan

8%

Jun

Apr

8

Jun

16

30

Jan

15

62

Dec

13

67% Nov

,73 % Jun

Dec

182% Aug

83 3/4 Jun

3

Jan

8

13

25

2%

45

Jan
-

8 % May

82% Jun

8

1 3

Apr

Oct

5

Jan

Feb

It Jan

39%

16

Mar 18

52 % Jun

Jan

Jan

16% May
293/4

May 31

180% Apr

13

Jun

8

29

43 % Mar 16

171

41

July

71

July

22%

Jan

28

3/4 May

24

Jan

44

May

"Volume

THE COMMERCIAL & FINANCIAL CHRONICLE

Number 4291

159

LOW

Saturday

June 12

$ per skate

■

AND

.

Friday

June 15

$ per

$ per share

Sales for

June 16

Thursday

June 14

r

$ per share

shard

STOCKS

PRICES

SALE

Wednesday

June 13

N

the Week

S per share

share

38%

39

39

39

38%

39

38%

38%

39

21%

21

21%

21

21'/a

20%

20%

20%

21%

25

25%

25

25

24%

*24%

24%

^4%

Xl5%

15%

15%

16%

64%

65%

65%

66

47%

47

47%

15%

15'%

15

63'%

64

64

48

48

48'%

*47

16%
%

15%

16%

65

65

64%

65

48%

15%

63 %

'

24%

49%

48

15%.

%

'

*47

48%

NEW

1,100
2,800
900

17,100

'■
%

■,

2,300

10'%

10%

10%

10%

10%

10%

16%

10%

10'/2

10%

10%

29%

29%

29 %

29%

29%

29'%

29%

29%

29%

I,700

19

19

191/4

19%

19%

*159

160%

*160

160'% 160%
22%
22%

160%

*159

161

161

161

18%

18%

18%

18%

22%

22%

22%

22%

87

87

88%

89

88

88

27%

J/4

87

27%

28

28

27%

22%

27%

160%

89%

4,

Jan

40

6

Highest

$ per share

$ per share

21

34%

Jan

43

No par

18% Feb

4

22 % May 17

12%

Jan

19% Jan

13

25% May 31

15%

Jan

21% July
21% Jun

—_1

„14% Jun

No

7

18% Feb

24

12% Nov

May il
40% Feb 24

Jun

16

42%

Jan

49% Jun

13

37%

Jan

58

par

No par

28

10O

7%. preferred-;

.17% Apr
151

900

Louisville Gas & El A

Mar 21

6%

Nov

18'A

Jan

31

Oct

16

16%

Oct

21%

Jun

148%

Jan

15%

Jan

12

29

Jan

.5

20% Jan

100

12

162% May
4
22% Jun 15

,3

90% Mar 17

•

25% Mar

64% July
51% Jan

.

31% Mar 16

3

69% Jan

No par

Louisville & Nashville

July

19% Jun

3

Jan

.10

Co_

66

_

8'A Jan

-No par
25-

1,500

•>

90%

90

Lorillard (P)

;

60

•

22%

x22 %

22%

89%

22%

87

22

>159

a

10,500

Lowest

$ per share

share

Jan

37

Year 1943

Highest

No par

Loew's Inc
Lone Star Cement Corp
Long Bell Lumber A
Loose-Wiles Biscuit—

1

8,300

28%
,

$ per

—No par'

Lockheed Aircraft Corp—,.™

3,500
■'

29%

18%

Lowest

>

Link Belt Co
Lion Oil Refining Co
Liquid Carbonic Corp

.

-*

25

*28%

18'%

Range for Previous
Range since January I

STOCK

Par

*10%
18%

YORK

EXCHANGE

■Shares

39%'

21

25

.

*24%

38 7%

21

38%
*20%

$ per

HIGH

Tuesday

Monday

June 10

2535

59% Jan

11% May

163% July
22% July
79
July

.

M
*27

:

28

*137

*137

*137

*27%

■;

28

28

28

36%

*103% 105%

♦104%

36'%

357%

105

*103%

>,

16'%

*14%

15

"15

391

*355

*355

16

16'%

*16

*15%

.

35%

36

35%

*104%

16%'

*15%

15%

*355 V

*355

391 ;'

8»%

8%

8%

8%

8%

8%

12'%

12%

12%

12%

13%

*12%

13%

20%

20'%

21

21

2.1%

21%

21%

21%

2%

2%

2%

2%

7'/a

19%

19%

7%

19%

7

7'%

7

19%

2%

19%

3

7%

X7%

19%

19%

15%18%

15%

15

15%

15%

15%

15%

15%

17%

18'%

18

18%

18%

19%

18%r

18%

18%

7%

7'%

7

58

6%

7

*34%

35'%

*34%

35%

110'%

*108%

1091%

*108%

21

175

58%

59
7

*30%

19%

19%

Y

A *112

114

*112

30%

*30 J/8

19

18%

18%
114

*35%

36

*35%
,108%

18%

119

-

114

*112

31

31

31

31

~

14,100

600

18%

18%

18

17%

17%

18

*

18

18

18

*18

18%

*51

51'%

51%

51%

*51

:

51%

51%

52

52

52%

52

23

23

23%

23%

23%

23%

23%

23

23%

23%

*99

99%

99'%

99%

99%

99%

99%

99%

99%

99%

12%'

12%

12%

12%

12%

12%

12%

12%

115%

113%

113%

*113'/a

115%

*113%

115'A

10%

10%

14,800

11%

11%

11%

12%

113 %

115'%

*113%

115%

9%

*

99%

9%

9%

*91

93

*80

*113%

10

93

„*91

10

*91

10%

10

10%

2,600

1

23 %

*91

93

*91

93

*91

93

1

10

"

4,300

'■.."';■

500

93

80%

80%

80%

80%

80%

80%

80%

80%

81

34%

34%

34%

34%

34%

34%

34%

34%

34%

35'A

10%

10%

11'/a

11%

11%

12

11%

12%

12

12%

12%

12%

47

47%

46%

47%

47%

X47

47%

47%

1250

47%

28%

27%

28%

28%

29%

X29

29%'i

28%

28%

28%

28%

28%

28%

x28%

28%

"

31
29

6%

6%

6%

6%

6%

6%

7%

5,000

26'/a

26%

26%

26%

25%

26%

26'

26%

5,000

.

34

34'%

x34%

34%

35%

35%

35%

36

35%

36%

35%

36'A

3,300

.

*127%

129

*127%

57'%

57

39'%

57

39%

57'%

70

129

39%

;;

112

*110%

112

108%

*107%;

108%

7%

102%

20%

'

■."2%

2%

,

35

21

39%

*

7%
102"%
21%

:

2%

2%

110%

*107%

-

20%

39%

*110'/4

112

*110'/a

112

108

*107%

7%

7%'
102%
2%

2%

12%

13%

12%

13 %

35%

35%

35%

21

21

21

21%

21 '

21

21

,1

*20'%

81%

80%

81'%

*80

'

82%
*113

116 Z3

*113

116

*113

-

2%

40

82%
116

5

*115%

118

*115%

118 1

*115%

118

*108'%

111

*107%

110

*107%

"

110

85

*113%

3'A

116

*107%

85'A
116 >'<.

116

116 i

110

*107%

'

116

116%
108

47%

47%

47%

47%

48%

*37%

38%

37% v37%

38%

27%

27%

27%

27%

28%

27%

28%

27%

28%

19%

20%

20%

21

20%

21%

20%

21%

21

22 '

20'%

20%

21

21%

21%

21%

20%

21%

21%

21%

21%

21%

V 28'%

28%

29

29%

29

29%

29%

29%

x28%

29

28%

29'A

7

7%

No par

7'%

6%

6%

7

*83 '

84

84 1

84

*83

84

21%

21%

22

22

22

22

22%

74

74

"'73%

74

*75

75%

75

115

*114%

11%
*49

50

*48%

50

*47'%

12%

11%

12%

11%

*114%

115

115

115

12%
50

7

6%

*114%
11%

*47%

6%

84'

84

22%

■22%

23%

Morrell

10

Mach

—,10
No

series B

(John) & Co

*48

50

:

Munsingwear Inc

75%

800

Murphy Co (GC)
4%% preferred

20

12'/4

%

%

■

*.%

■Y'%

15

15%

15%

15%'

15%

15%

15'A

15%

16'

34'%

34'%

34%

34%

34%

35

35

35

35

36%

18

18

17%

18'/a

17%

18%

17%

18

17%

17%

.17%

10%

11%

11%

11%

11%

11%

11%

11%

11%

11%

11%

11'%

12%

12%

13

11

11

11

11

11

11%

20%

21

21

21%

21%

21%

175

'172%

176

*172

11%

.

*172%

12%

176

*%

.

18

'•9,900

12%

11%

12

12

12%

'

21%

21'A

21

21%

'

>172%

176

'

20

19%

20

20

20%

15%

15

15%

15

15%

15

15%

15

15%

'■

II,100

29%

29 'A

29%

29%

29%

30%

30%

30%

30%

31'A

16%

16%

16%

16%'

16%

16%

16%

17

16%

17

1
1

20

20

20

12

12

11%

12%

12%

12%

12

121/4

12'A

12%

12%

22

21%

22%

22%

22%

22%

22%

22%

22%

22%

23%

17.

17

17 %

17%,

17%

17%

17%

17'A

17%

17%

18

*

*11%

12%

11 %

12

12

12

36%

37

36%

36%

36%

36%

36

36%

*29%

31

31

31

31%

31%

*31

12%

*11%

11%

11%

12%

12%

96'%

97'%

98

12%
991%

99

99%

99%

22%

22%

22%;:

22%

22%

22%

22%

170'%

171'%

11%
1

150

*170

171

*148%

31%

12

12

!

36% 1

18,000

'

12%

12%

»•

98

<

99

23%

25

171

*170

171

*170

171"'"

150

150*

150

*148%

150

*170

19%

20

19%

20

20

20

31

31

31%

31%

32%

32%

6%

6%

6 '/4
60 ■«'

6%

6%

61

60%

6%

'

32

60

60%

>

60%

:
•

Nehl Corp

400

;

Neisner Bros Inc

101

100

100

70

'

''

29%

85 %

85%

9%

15%

91

7%

8%

91

91
8

•

8%

9%

9%

16%

16

16%

Xl6%

17

26%

26%

26%

-27

27

101%

*100

10

9%

9%

15%

8%

7%

8%

*7%

90

9%

10'/4

90

8"
9%

y

>90

101'%

15%
*25

.

v

8%
10%;

*61%.

62%

*61

101%

*100

62%

' 115'

*109

101%
*62

„

*109

16% ' 16%
*26'/a

>14%

84

X88%
8

10%

65

*63

65

65

65

115

*109

115

109

109

'

9fl l/o

'

28%

28%

29

28%

29'A

29%

18%

18%

18%

19%

19%

19%

19%

19%

19%

20'/a

19%

13'%

13%

*101'%

102%

13%

13%

13'/a

13%

13%

102%

102 %

102%

102%

*102

102%

37%

37%

38%

39

39%

see

page




2539.

13%
*102

*38%

13%

102%

39%

39%

100
~

:

60

'

2,000
•"

13%

102%

«■

5,000

1

30

28%

:

150

;

*63

28%

footnotes

1,300
"•

(

*109

28%

For

8

64

28

38

88% '

115

*100

115

.37

••

'

f
'

101%

28

*36%,

•'

4,100

28% f

x83 %

*109

'>13

423,600

'15'A '

X28
'

1

'

26'%

*25

J—No .par.

7,200

29%,

86 ^

89

NatlpnarPowerfe Lt.^

"10,200

29%

86

88%

'

V 13,200 i

9,100
4,600 '
400

'

2,100

National Steel Corp——

4% %

conv

;

No. pat

Jan

27

Apr

.

26

67%

^

<

Newberry Co (J J)
5% preferred series A

.

.

89

Feb

Jan

78%

Sep

27

Feb

34% July

Jan

12% July

4%

16

25

Jan

23 7A

Sep

26

Jan

Mar

6

42

July

32% Mar
*

34%

Apr
Apr

5%

Jan

9%

4

18%

Jan

30%

15

20'A

Jan

31%

106%

Jan

128

July

7% Mar 18

Sep
Jun

15

107

Feb

110

Apr

Mar 17

107

Nov

113%

Feb

110'A Jun
112

108% Jun

•

5

8% Mar 22

105% Mar 22

% May 27

3

Jan

8%

Jun

64%

Jan

98

July

13%

Jan

25

July

%

Jan

3% Mar

3%

Jan

11%

17%

Jan

30% Nov

Apr

Dec"

75%

92%

Jun

113

Dec

119

Mar

116%

Dec

121

Apr

106% Nov

114% Aug

33'A

Jan

31%

Jan

39%

Oct

13

29% May 31
23% Jun 16

Jan

27%

Jun

17

Jun

9'A Jan

50

July

21% Jun

12

11'A Jan

18%

29% Jun

12

217A

Jan

31

Mar

7% Jun

15

2% Jan

7

Jun

Apr

9

53

Jan

77

Jun

23% Mar 27

15

Jan

23'A

Jun

76% Mar 22

62

Apr
July

79%

Sep

84% May

111

116% Feb

24

12% Jun

12

5%

Jan

Aug
11% July

Jun

6

34%

Jan

44

Jan

10

1%

Feb

16% Jun

16

6%

Jan

15'A

Jun

Mar 22

23%

Jan

40%

Apr

13

Dec

19%

Apr

49

37

SA Nov

117

18% Jun

13

117A Jun

12

5% Jan

Jun

12

8%

Feb

8'A

Jan

15%

Jan

23

Jan

12% Jun

16

22

Jan

18

175

Apr

21

20 % Jun

16

17% Apr

18

31% Jun

16

17% Jun

5

13
Apr
23% Jun

8

9%

Jan

16

14%

Jan

18

Jun

16

67A

Jan

12

Mar 15

37 7A May 24
■317A Jun 13

Jan 25

Feb

176

13

162

16% Nov

11% July
12% July
13% July

July

21%

Sep
Jun

5'A

Jan

10%

Sep

187A

Jan

29%

Dec

10% Nov

9% Mar

13% Aug
14% May

21% July
15% Sep
12

Dec

*25%

Jan

36

Dec

17%

Jan

29%

Sep

Jan

11%

Jun

90%

Nov

20%

Dec

,

35% Apr 25

16

100

Jun

14

25

Jun

16

14

Jan
Jan

178% July

Jan

150

Jun

14% Jan

22

May

27

36

Jan

.

70'A Jan

174

Apr

10

160

150

Jun

14

137

21% Mar
.32% Jun

5

5% Feb; 7
57% Feb, 5
11%Feb, 4
25% Feb; 8
79% Feb
4
83'A Jan. 6
5'A Jan 3
9
Mar 4
137A Jan 3
22 : Jan. 4
96% Jan 12
56
Jan; 4
105 ' Mar 17
27% Apr 4
16'A Apr 24
13 " Jun. 8
97
Jan
5

6

.12% Jun

;

.

Jan

60

58%. May 29
41'A Jun
1

■

>

■.

115'A Aug
10% Apr

129% May 26

.-'30% Feb;'3

Newmont Mining Corp

.No par

Feb

6

36% Jun

YV Mar 30
11'A* Apr 24
28 "Jan
5
13% Jan
3
9 ' Jan
8
10% Jan 31
9% Jan
4
20% May. 18
165
Mar 1
18 ''Feb 17
8% Jan
3
26
Apr 18
12'A Jan 17
.xll% Feb 11
19% Jan : 3
.
13% Jan .29
11%Jan
5-

serial preferred—,100

New Yq^k Air Brake

101

■

1

No.par
100
..10
Newport Industries
i—1
Newport News Ship & Dry Dock—1
$5 conv preferred
No. par

9

16

27% Jan

4
3>,
29
24
11
3
5

( 28% Apr

—A

Sep

16

Jun

>

19

National Oil Products Co.

16% <

15 "

29%

86%

88%

22,900

,

11%

Sep

9

31

9
Feb 5
87% Jan: 11
.19
Jan 7
; 164/"Feb 25.
.141
Jan.18
17% Apr 19

10% 1

14%

29%

85%

•

800

Jun

6% Jan

Mar

48% May 18
31% Mar 25

4
3
7

National Gypsum Co—
;„I
$4,50 conv preferred
)—No par
National Lead Co—i
^10
-7% preferred A_^——I
100
6% preferred.B
;
^100
Nat Mall & Sv'l Cast Co.:
No-par

27

15%

29%

86

14%

<

3,000

A

Apr

25%

29

•

15% Jan
16% Jan
/ 26% Apr
4'A Jan
72
Jan
' 20% Apr
70
May
112% Apr
8% Jan
43'A Jan

•*

16%

14%
29

85%

*>88

6%

>■•

50%

Jan

22

21'A Jan

^

'

27.

14% '

28%

85'%

60%.

61% <

Nat Bond'& Share Corp—-No par
:
;-10
Nat Cash Register
No par
National Container
;
—_1
National Cylinder Gas Co.
.1
Nat Dairy Products^
;
'.—No par
National Dept Stores—
-No par
•
-6% preferred.,—
-———-1ft
Nat Distillers Products——No par
Nat Enam & StamDing—
Nonpar
National Can Corp

27

>14% ' 15%

14%
28'%

85'%

14

(
'

1

5
100
—1
1
10
—5
10.
100

23
National Supply (The) Pa
i_10
$2 conV preferred—c—I
—40
5% % trior conv preferred
10
6%
prior preferred:
^100
National tea Co
—No par:
Natomas Co
i
i.
No par

6T%

■

28'%

■

100
30

32%

6%. :

6'A

640

-

20'A

%
"

59%

40,700 '•

■22,400 <

149%

■20

19%

5%

171".

148%

31

''

'•

'

*170

6% conv preferred
Aviation Corp—
National Biscuit Co
J
7% preferred—,,

*

f

23%

19%

59%

'

500

;

12'A

31

6

5%
59

31%

99%

19%

*30

•

*99

31

19

31%

31%

*148%

150

-

500

36%

x22%

100

'

11,700

12

22%

17,200

12

36'

12%

12

A

36%

*11%

32

5,300
"

i

2,200

-

Co

National

1,200

:

12%

21%
*16%

•'
•

19,100

16%

29

*16

19%15

29

■

20'/a

15%

*19%

20

Acme

Nat Automotive Fibres Inc.,'

175

*172%

175

National

5,000

16,400

•

No par

Nash-Kelvinator Corp

30,500

1%

—100
Murray Corp of America—_—10
Myers (F E) & Bro.
No par

•' Nashville Chatt & St. LouiS

6,400

•v.

11%

11%

11%

1,410

—No par
No par

Nabco Liquidating Co

100

121,500
'■

21%

11%

21%
*172'/2

11%

12

11%

.

,,

<•

■'

16'A

34%

%

-

35,400
'

49'%

*48

%

V '1

115

1

11%

Y

50

*%

%

120

700

34%

%

Wheel Corp.:
5
Mueller Brass Co
—,,1
1
Mullins Mfg Co class B
-1
* $7 preferred
i.—No par

Motor
;

22%

15

*%.
14%

2,300
23,800

84

115

12

11%

11%

•

75

•

*114%' 115

115

Motor Products Corp—

3,700

•

7'A

par

x-No par
50
No par,

16'A May

Jan

5
3% Mar 22
3
15% Mar 21
3
37
Jun 16
3
21 % Jun
5
20
85% Jun 14
25
Jan 24
22 v 117
117% Jan 14
27'
111% Apr 26
107% Jan 5
48% Jun 16
41% Apr 26
39% Apr
5
35% Jan 11

—±No par

Oct

Jan

12% Jun

17% Feb
2'A Jan
8% Jan
29 > Jan
20
May
74% Apr
111% May
115
Jan

100.

Sep

8%

May 3
35'A Jun 16

4
4

113%

14%

83

1
3
25
4

Apr

17%

Jan

91

6% Jan 19
93% Jan 13

,10

Chemical Co

22%

76

*,

No par

Tool

84

'

46

Jan

10% Jun

4

36'A Apr 26
105 « Mar 13
108'A May 3
107% May 22

A
No par

;

11'/a

38 %

114

/4

116'/2 Jan

.

Sep
% Aug

16

12% Jun

27'A Jan 13

100

Morris & Essex

16,100

7

5

.>

$4 preferred series C_i.-.
No par
Montgomery Ward & Co—-No par

7,460

22'A

*75

175%.

28%

7%

*83

22%

28'%
>

5

-

'

*83

*99

preferred—;

preferred series A

Preferred

100

46%

*37%

"

1
50

1st preferred

cum

'

20,700

38%

44%

38'%

26%

.

1st

Machine Co

/ Monsanto

10

47%

*37%

44%

*148'%

conv

Monarch

40

38%

44'%

15'%

1

$4.50 preferred ser A—j-No par

108

110!

;l,700
•

47%

47

9
3
4
,'3
28

Jan
82'.a.'Jan
70
Jan
31'A Apr
8% Jan
37
Jan
25
Mar
27
Jan
6
-Apr
24% Feb

22

104

16

18% Jun

9

8

Oct

110

Jan

Jan

Jun

100

112% Feb

36

Jan

52'A Jun 15
24% May 31

Apr 18
Feb

Feb

19%

32

Apr 27

10

Aug

Sep
7% May

12%

16

13

-

27% Mar

Jan

100

3

Jun

16

No par
A

Jan

25

2'A

217A

11

110

19% Jun

preferred series A—,—No par

(The)

>

16

112% Apr

No par

Co

60

7% Jun

5

97

July

176

Jan

13

——100

preferred..

conv

Jan

37

;

.. Feb 29
47,
Mar 20
21% May 1

1

:

Mead Corp

7%

.

800

"

.

85'A

*37%

*37%

Co_.

19% Nov
165

35% Apr

6

Jun

32

Jan

15

23

~ Mohawk Carpet Mills—,—,.20

116

116'%

-

Stores

7%

43% July

22

24

Jan

27
14

Jan

Apr

31% May

27

109% Feb

16

18'A

Jan

7

19% Jan

37A

13

Jun

4% July
6% July

22% Jan
175

32% Mar 10

...1
100"

w w

16

8%

Jan

59% Jun

2

;

16

May 17
-Jun

7% Jun

4

106% Mar

-No par
*

Mo-Kan-Texas RR

9,700

2,200

21'A

*113%
v

4 % Mar

3%

2

51% May 17
28% Jan 27

Mar .2

52% Feb

—1

preferred
Mission Corp
!

J.8,200

13%

84%

85

*113%

85%
116

preferred

$6.50

3,600
1

37

*21

21

170
<

_

,

3

19% May

par

preferred
—100
Department Stores
10
Maytag Co
i
.——No par
$3 preferred
No par

Minn Moline Power Impl—

600

21%

13%

'

No

7%

.3
100
100
4%'preferred series D-i——100

34,100

36'A

-

13%
36

?

4
5

8%

■

"

3

25% May

Midland Steel Products—-No par

.—

.8

21

4% Jan
37% Apr

—1

Co.

Minn-Honeywell Regulator
t 4% conv pfd series B
;
4'A% preferred series C

102'% *102%

3%

13%

35%

7%.-

■

21

*20%

20%

2%

8

102%

No par
No par

Elec

Copper
Mid-Continent Petroleum

10

108

102%

May

Minneapolis & St Louis Ry—Nopar

s;

*107%

24

1,000

40%

108

14% Deo

6'/a Jan

9,400

.

*109%

110%

20% Mar 27

Miami

60

>

55

■39%
110%

35%

12%

*53

55%

39%
110'/a

7%
*102

129

128%

129

55%

55%

39%

35

12%

12'%
34%

*100%

2%

2%

.

12

34%

110%
108

*107%

21

x55%
*109%

7% :

102%

20%

20'%

20'%

39%

8

7%

102'%

7%

^571/a

110%

*110%
*107%

*99

:

39%

56

*109%

*109%

*109%

129

July

,3

5%

6%

129

*17

,16% Jan

Co

Merch & Min Trans Co:

26%

*126

Jan

1

(Glenn L)

Mesta

3,600

26

129

Jan

97A

,

13,700
V

6'%

129

9

16

Mengel

25%

6%

Jan

21

27

,

6'/a

':

3'A

.5

13% Apr

$5.50 pfd ser B w w

25%

6%

7% Jun

12'/a Jan

Melville Shoe Corp

310

47%

29%
28%

*27%

28%

Jan

6%
■

33,900

28%

1%

McLellan

2,300

46%

3% Mar 17

$6

80%

34'%

28%

19

McGraw-Hill Pub Co
±-No par
Mclntyre Porcupine Mines,
5
/ McKesson & Robbins Inc
—18
' r. $4 preferred
—No par

-

81'%

46%

2'/a Jan

.;

6,400

34'/a

*27'/e

Sep
Apr

_1

' McGraw Elec Co

10

10%

*98%

52'A

>

12

19%

McCrory Stores Corp
5% conv preferred

j

1,500

;

*17%
27

Jan

McCall Corp.

'•>v:

32

30%

Mar

Jan

$6 1st cum

2,400

114

31

>

100

19%

xl9%

19% "

19%
*112

Dec

24% Mar

6'A

May

—

25

114

30%

31

23%

23%

*

-19,400

110

24

15%
320

14%

Mathieson Alkali Wks

36

110

Nov

16

1

2,800

7%

7

'

*108%

24

*112

114

7

6%

Nov

315

13

No

Martin-Parry Corp
Masonite Corp

>

15

15

Jun

Master

10

59%

*59%

'

5

Feb

9
Jun
13% Jun

'

175

175

-

59%

Feb

16% Mar 28

22

'■

21

20%

20%
175

Jan

,17
370

14

700

-

10

9

21

30% July

24

3,300

28

12

Jun

19% Jan

24

Martin

/

12,100

'

47%

28

Jan

Nov

37%

18% Feb

1

.

i

:

2,900

47.:.

20%

110

8,700

7%

'-7'%

27%

58%

3,780
12,500

18%

18%

f

.

138%

Jan

6% Apr
10% Feb

>

.

22,500

16

47%

•

*170%
.V

35%

35%
*23%

24

7%>

7%
19%

>15%

7%'

27%

'

*18
*112

46'/4

27%

*108%

110

*23 %

23%

23%

23%

*23%

':;

35%

*34%

*108 J/2

46%

6%

175

57%

6%

7%

46%
*27

20%

21

*170%

57

20%

Y

*170%

20%

175

6'/a

6'%

6%

27%

57

57

57

48%

27%

*170%

175

7%

7%

7%
47

26%

20%

20'%

20%

7%
48%

26%

26'%

*25%

*170%

>

48

-47%:

■

50

T

Jan

14 % Jun

;

315

May

July

28

38% May 27
105% May 27

6

29

133

25

Bros

Manhattan Shirt
Maracaibo Oil Exploration
Marine Midland Corp

4,900

19%

7%

19%

Co

20% Jan

12

26
16

5
Market St Ry 6% prior pfd
100
Marshall Field & Co
—No par

1,500

V

14

10

:

RR

3

Jun

Jun

Apr
43% Jun

par

4 Mandel

700

7%

7%

Copper—

139

104

i——100

Manati Sugar Co

16,200

3'%

3

3

Magma

1 Mahoning Coal

>-

22

21%

21% /

19%

7%
20

■8%
13'A

•

Madison Square Garden—_No par

1

J

,

8%

«

100

,3,400

16'A

391

*12%

8%
13%

21%'

3%

3

-

3

15%

-

*355 .'

28

21

27

27% Jan

No par
.No per
w

6

Feb

34% Jan

135

100

,

pfd series A

4%%

-25% Apr

10

:

.

100

.

16'A

•*16

15%

15%

47%

105%

16'%

*12%

15%
;

7,800

391,-

.

8%

9

*8%
*11%

2%

36'%

Forbes

&

>6% preferred—
Mack Trucks Inc
J Macy (R H) Co Inc

5,300

*104%

104%

15%

15%

15%
*355

391

%
*15%

'

43%

36

104

—

43%

43%

16

15%

15'A
391

43 %

104%

f MacAndrews

-35%

43%

104%

35%

35%

,

42%

43%

36%

43

42

700

>•■/

•

1

43%

42%

41%

.,

*137

*137

*137',

'

7
62

'•

8

16

Mar 13

Apr

12

15% Jun

13

,

Nov

2% Jan
52

5%

Jan

Jan

7%

Jun

64% July
15% May

14'A Jan

28%

Jun

87.

Mar 23

57

Jan

80'A

Jun

92

Mar

9

62

Jan

88

Jun

30% Mar 16

8% Apr

10'A Jun

21

2% Jan

14

6

Jan

9%

Jan

17'A Mar 16

7'A May
10'A Apr
19% July

16

Jan

25%

101% Jun

13

74%

Jan

65

Jun

16

37

Jan

98% Nov
57% Sep

110

Jan

22

30% Jan

8

267A

Jan

37%

20% M^y 19

10%

Jan

19%

15% Feb

12

Dec

21% Mar

27% Mar 22

.2

102% May 19

40'A Jun

16

106% Mar

94% Nov
27'A

Jan

114

102

Oct

Aug
Apr
Oct

May

44'A May

THE COMMERCIAL & FINANCIAL CHRONICLE

2536

AND

LOW

Monday
June 12

June 18

$ per

per share

17

17%

24

72

72%

"25 V8

|

$ per share

57,900

18

18

17%

18%

24%

24%

243/4

25

25 %

25%

1,800

74%

18

24%

74%

74%

75%

74%

753/4

253/a

253/4

'New York

Central

No

:

'.

preferred series A

-

26

26

*25%

25%

x25%

253/4

500

N Y

18%

*16

18%

*16

17%

*16

17

17

173/4

300

New

York

41%

*39

42

*39

41

49

49

42

600

195

195

197

197

198%

42%
195

74

73%

70

70

190

190
70

*%
*14 Va

14%

*38

17 Va

Va

i7e

15%

16%

15%
V x39 %

39

197

*116%

118

39%

198

198%

52%

7%

15%

15%

15%

113%

113%

54%
53

*102%

20%

20

43%

43%

45 Ve
V

18%

103

103

103%

13

13

13%

21%

21

*66

69

*66

13%

*13

10%

•10% .•10%%

20 Va

20 Va

*21

22%

16 Va

*15

16%

54 Va

22 Va

223%

42

41%

42

5%

6

*45%

47

Jan.

26

May

173/4 Jun

16.

6 3%

Jan

13

Dec

42% Jun

1

163/4

Jan

32%

Dec

198% Jun

15

63%

Jan

132

Dec

May 25

28%

Jan

54

Dec

—60

129

Jan

19

100

-

52

Jan

3

1

14 V4 Jan

5

250

4

40

Jun

3

200

Jun

16

13

122

Feb

2

153/4 Jan

26

55% Jun

27

7% Jun

__1

9

533/4 May 26
93/e Feb 24

100

Northern Central Ry Co
Northern Pacific Ry_i—

Northwestern

Jan

4

3

Jan

31

17% Jan

15

—No par

>

1

43'/a Jun.

4Vt Jan

3

6% Jun

.50

40% Jan

12

48 X Jun

16

16

27

*21%
*15

39

"33%

39%

119%

*15%

*54%

54 Va

12

.12

42

21%

213/4

22%
*15

1

33%

34

44%

44%

44%

39%

39

39%

*38%
*118

119

*1553/4

156%

,

4%

15%

15%

*118%

15%

153/8

5%

5%

5%

53/4

6

31%

32%

31%

32%

33%

10%

10%

10%

10%

xllOVa

110%

3%

3%

111

3%

3%

V *54

55%

55%

26%

26%

70

70%

65

70

■1%

1%

29 Va

29%

68

■'

-

6%

55%

900

39,600

67

66

68

62

66%

May 10
31% Apr 26
29

;■ 10% Jan

3

.

23% Jun
153

69

5
15

15%
142

Mar 30

Jan

154

Sep

15

28%

Jan

38

Apr

24

46

Jan

673/4

62% Jun

15

54%

Jan

64

,7%

Paraffine

4%

*105%

Cos

fc .Transp

5.60%

P L

23%

;

33

3

;

19

27

121% Jan

12

11

157% Jun

8

3

6% Jun

16

Jan

29

3% Jan

27.

»

>

83/4 Feb

18

,109% Jan
;•

par,

No

;

28% Apr 25

X

t_l

Inc.—

14%
MO-.

41% Jun

12 3/4 Feb

/ 45

8

Jan

103

100

Pictures

'

3

10

4% Jan

preferred—

conv

Jan

25% Jan

.149

5
—_5.
pfd_100 •

& Ref._

Jan

Apr 28

i

10::

Corp—:

Airways, Corp

Jan

6 Va

23%

133/8 May 31

16

1<,

—1

2% Jan

:

3
6

Jun

Jan

II7V2 Apr

-100c

Dec

21%

Jan

Jun

Jun

16

i

Dec

10%

65

Jun

10
.

July

40

44% Jun

Jan

105

Jan

3%. Jan

,

3

30

Packard Motor Car—-i.—No par
Pan American

.

39% Jan

...

100

Oil

17% Jan

15 % May

par

Telep & ;Teleg—

Pacific Western

v

—25
No

preferred—

Prod.

28%

55%

64

Apr, 19

55% Feb

Pacific Tin Consol'd Corp

East

28%

»

147

—No par
.

Panhandle

28%

54

10

13 % May

8

Electric.—

Panhandle

273/8

*105%

105% Jan

18

25

160

33/4

33%

14

233/4 Feb

20,600

111

110%

3%

Feb

15% May

Petrol

900

10 Va

3

Pan-Amer

;

10%

28

65

<

1%

1%

29%

29

20%

29%

111

;

3%

55

27%

29%

1%

29%

28 %

65%

XX

1%

*10

19,800

90% July

Jan

34

13% July
55

x

45

Jan
Dec

91%
3 Va

160

17 %

'5
Apr
43% July

16

2%

Jan

16

23 %

Jan

103/4 Jun

12

7%

Jan

105%

Jan

2

Jan

~

Jun

112% May
1
'33/4 Jun 16
55% Jun

16

Jan

25

28% Jun

16

Jan

10

233/8 Jan

27

573/4 Jan

18

98% May 26

106

Oct

6% May

Jan

9. Jan

33% Jun

6

Dec

Ve July

28% May
119 Va Sep

Jan

147'

16% May 27
.

July

25% May
16% Jan
31 Va

Jan
Jan

i

13% Apr

;

Jan
Mar

Oct

July

l

35%
100

<

11%

July

Oct

113% July
4 r'

45 %

Jan

July
Dec

Jan

106

July

Jan

30

July

'

27%

27%

111

*105%

*105%

26%

103/8

*10

>

306,800

33%

53/4

32

21 Va

Jan

3

Pacific

400

J(in

3%

18

.

20

16

*15%

11%

4

&

Apr
14% Oct

29%

13

Mills

45
'

Jan

5

48% Jan

1,900

52,000

X

16

2

250

6%

•

■•v

20% Mar 22

3

Gas

Jan

J 41% Aug
6 / July,

10% Feb

8

Pacific Lighting.Corp

157

53/4

Jan

8% Jan

Pacific

Jan

31
8%

23% July

Jan
Jan

x3 %

Dec

55% Jun

100

1st

Pacific

Jan

36

Apr

18% May
116% July

•

8

Jan

;

Jan

101

■

40 % Jun

Co

Jan

107

8

10

Coast

91%
7%

16

preferred non-cum
No par
2nd preferred non-cum—JVo par
Pacific Finance Corp (Cal)_
10

Pacific

14%

8

12.50

Co

1,300
<

V

119

156%

53/4-

5 Va'

111

260

:3,706

333/4

5

*15%

V

60

16%

44%

156%

5%

.

333/8

119

■

■

Glass

Jun
Jun

x 56

Jan
Nov

8

18

100
8
No

48%

"

Feb

par

—

Pacific Amer Fisheries Inc

470

223/8

:

6% preferred

j

Outboard Marine & Mfg_
Co*.———;

Owens-Illinois

43

16%

Otis Elevator

56%

83/4 Jan

,

No par,
No par

—

183/4 July

Jan

8% Apr

! 45

par

8
100

(The)
8% conv preferred A
Oppenheim Collins

3,300

13%

11%
42

31%

*105%

*105

13

Equipment—No

2,600

623/4

11%

*15

39%

5

16

3%

3%

3%

13

Farm

Outlet

40%

31%

111

*110%

111

,623%

62%

10%

,

•>' 9%

9%

68

5%

5%
31%

-

400

*66

*155%

5

15%

15%

320

40%

152%

*118

119%
156%

4%

■

14,600

152%

*39

155

33%

39

v

23%

44

44

*155%

•

5

13

16%

39
119

62%

21%

16%

23

3,300

68'

*66

-V

13%

23%

40

13%

240

102

13

40

*152%

61%

102

13

13
23

153

21%

21%

38%

5%

*100%
s

11%

33%

16

103

13
,

44

156

Omnibus Corp

43

33%

4%

Oliver

7,600

*11

44

156

4,700

*40%

11%

33%
-Xx'

119

23,300

9%

8

17% Feb

No par

18%
55%

9

9%
102

X.

12 V4 May

2.50

Ohio Oil Co

18%
543/4

61%

61%

44

5

Norwich Pharmacal Co

18%-

9

68

43%

156%

1,400

:

543/4

*66

33%

119

133/8

18%

40%

13%

:

48

13%

533/8

69

*15

48

X'

•

Jan

•

37% Feb

50

Nov

9 3%

12 X'

No par

Telegraph

Norwalk Tire & Rubber
Preferred

9%

*39

42%

;

.

13%

13%

8,500
Xx 50

6%

18%

39%

*40%
•

6

192% July
122

49%

1153/4 Apr 24
24% Mar 16

112

July

Jan
Jan

17% Mar 21

102% Jun

38

Jan

162%

7

xl3 V4 Jan

50
—100
Northern States Pow $5 pfdJVo par

23

26 3% May

Nov

113

18% Mar 15

Jan

51% Jan

50

10

52

50

Aviation.—

12%

16

183 % Jan

1163/4 Jun

1% Mar

•fo Jan

19% Mar 11

3

33 3/4 Jan

10

100
..10

Northwest' Airlines

3/4 Jan

100

pfd—

preferred series
53/4% preferred series

North American

76

V4 May 12

100

6%

53%

153

153

33 Va
39 %

13 Va

22%

*11

41

41

31%

3%

14,200

22%

*41%

6
47

*101

43 Va

*110%

20%

42

22%

*13

13

9%

190

22 Va

61%'

61%

60

60%

41 Va

5 Va

1143/8

13

*66

10%

31

*114%

22%

*39 Va

*15 Va

IWb

12%

39%

69

*4%

114%

13%

153

39

156%

20

*102%

__

33,200

13%

153%

39

*118 Va

143/a

3

22

Ry

non-cum

18%

9%
104

103

22%

"152

38%

Co.—

Western

x9Va

54

9%

39

33%

28% Mar 14

May

27

North American Co.

300

21,800

8%

16%

X

13 Va

18%

52%'

9%

*38

*43

;>•,./

743/4 July

113/4 Jan

Noblitt-Sparks Industries—
&

26% July

Jan

24% Jan

Shtpbldg Corp part stk.

Adjust 4%

Jan

30 % Jan

& West Ry

53%

18%

*152

*15

53%

8%

'

16%

20%

*45%

52%

18

52%

9'/a

13

*54%
*52 3/4

Y

Norfolk

700

16%

20%

13%

9

17%
51%

60 Va

34,100

55

114%

5%

*13%

13

13

17%

20%

18%

N

11

31%

203/4 Mar 22

par

CO¬
IN Y Ontario & Western

100

15%

X42

43%

<*46% " 48

'46%

46 %

13 Va

i

•

6

5%

6

5%

51%
103

117%

Y Lack

20

283/a Mar 22
78% Mar 23

3

*

'

5Va

*12%.

900

1,180

16%

15%,

20%

20

*102%

114%

114

114

114

*43

43 Va

I6V4

8%

8%

*102%

'•

157/a

16

114

20

9

40
200

173/4

53

8%

8

8%

7%

102%

7%

45 Va

3,900

N

Jan

4
3

Jan

par

Dock—.

$5 non-cum preferred
N Y & Harlem RR

103/8

19% Jan

•

102%

*13

153/4

18%

55

*52%

53

155/a

*116%

54%

54%

*52%

3,100

117%

17%

55

%

40

52%

2,530

75

1983%

18

53

5%

•

40

54%

70

%

198

197
*117

17%

*52%

*43

*39%

118

54

*53%

*102%

.

39%
198%

198

*116%

15s/a

18%

52%

*19 Va

15%

15%

%

17%

18%

7%

7%

'%

116%

54 Va

*54

75

75

116%

118

17%

17%

39

198

38%

197%

*116%

%

16%

15

38 Va

197

72%

74

'

Va

*%

Va

72

71%

*190

198%

153/a Jan
62

.No

City Omnibus Corp.—

*16

41 Va

*39

$ per share

No

*25%

18 Va

*37 Va

190

Highest

$ per share

.No par

25%

*15%
187

$ per share

100

N Y Chic & St. Louis Co

6%

$ per share

Lowest

par
100

'

74%

Year 1943

Lowest
Par

6,200

173/4

Range since January 1
Highest

EXCHANGE

Shares

17%

17%

17%

24

71%

24
73%
25%

17V4
24

$ per share

Range for Previous

STOCK

NEW YORK

for

theWeek

June 16

June 15

$ per share

$ per share

share

71%

*23%

June 14

Sales

Friday

Thursday

Wednesday

Tuesday

June 10
$

STOCKS

HIGH SALE PRICES

Saturday

Monday, June 19, 1944

20%

*21

•

1%

,

.

1%

1%

29%

2

2

13/4

28%

29%

213/4

22

12,200
19,000

7,600

30%

29%

213/4

-

Paramount

Inc

Tllford

Park

&

Park

Utah

Parke

Inc

1.

.

Mines

Consolidated

X

1

1% Mar 27

No par

Davis & Co

26% Apr

28

2

Jun

31

Jan

23 X.

Jun

16 X,
3

15%
17%

723/4

Jan

1 Va

Jan

27 Va

Jan

X

2 3/4

32

Dec

Apr

May

:

6

20%

20

20

%

17%

100

100

100%

,

14 Va

14 Va

14%

13%
3%

3 Va

101

15

15%

13%

58 %

58%

600

100%.

100%

101%

IOP/4

4,300

13%

15

-

16

28%

59%

59 Va

59%

15%

15%

15%

15%

13%

*13%

13%

'

3%

3%

3%

49%

48%

483/s

16

'••*15%
*107

113

29

Penn-Central

*16

17

*107

114

23%

59%

60

59

59

8

8

8

'

8%

•

50%

/

8

*23%

52%

24

8%

52%

53

12%

12 Va

12%

12%

12%

*123/4:

65%

65 Va

65%

65%

65%

27%

27%

*41 %

27

49%

42

*26

Va

8

8%

'

52%

,

42%

43

*42

42%

43

27

•

27

*27

28

27

8%

8%

8%

8%

8%

9Va

•'

9

9

9%

Va

9 %

49

49%

49%

21%

21 Va

21%

9%

21

X

'lO

5%

293/8

60%

60%

2,400

Peoples G L & Coke

8%

8%

85/s

3,900

Peoria

53%

53%

533/4

42,000

19,400
600

13

13

13 %

1,500

65%

65%

67

1,400

*8

43

X

9%

*26

8%

9%

9

49%

493/8

21%

21%

21%

•

5%

23,300

52%

52

525/s

983/4

99

99

19%

19%

19%

20

19%

19%

19%

19%

19%

19%

19%

195/a

7,700

24%

24%

24%

25

24%

24%

24%

24%

243/B

24%

*24%

24%

*116

120

32,800

90%

3,500

*112%
*

15

110

110

,

Va

13 %

14%

*109%

*107

109

*112%

114

*12%

43%

43%

44%

43%

44%

43%

12 Va

12 Va

12%

12%

12%

12%

*11%

*25 Va

25%

25%

25%

26%

*26

135

*102

135

68

67%

69%

7%

7%

*102

5%

5%

j5%

*26

7%

5%

69%
7%

135 /

5%
70

7%

75%

75

75

74

74

13 Va

13%

14

13%

14%

*168%

*168%

169%

—

*185

*185

*107

169%

*102

5%
68%

Nov

*12%

44

6% May

,

May

100 Va

Sep
20% July

$6

$1 preference

,

8%

10,700

76%

14

133/4

14

13 3,4

13%

2,900

*1683%

*168%

*168 3/4
50

*185

*185

~5%

5%

5%

5%

53/4

53/4

6

17,000

7%

7%

8

8%

8%

8%

8%

83/4

8%

8%

9

7,800

92

89%

*88

*87

92

92

*89

49%

49

50

50%

51Va

50

50%

50%

51%

51

52%

59

59

59%

60

61%

59%

60 >•;:

60

60

61

61

13%

13%

13%

*170%

*170 Va

v

*17Va

24

10%

10%

73

73

17%

Va

17%
24%

17%
*23

14%

10%
*73

14%

14%

14%

2,190
550

10%

10%

10%

10%

10

74%

73

73

73

17%

17%

173/4

173/a

173/4

24%

24%

*233/4

243/4

17%
*24

300

18

243/4

4,400
<

100

10%

10%

,10%

10%

10%

10 3/8

10%

103/4

5,500

12%

12%

13%

12%

13%

123/s

13%

12%

13%

26,500

12%

12%

12%

12%

12%

12%

*12%

13%

*123/4

13%

900

38%

39%

40

41

*39

41

*38%

40%

700

57%

56%

57%'

56%

56%

5,500

12%

37%

37%

37%

57%

57%

57%

.

120

119

15%

r;120
15%

15%:,

97%

97%

97

103%

103%

104

107%

108 %

117

117%

115%

115%

42%

43%

111%

*105

%"

117

16

106

97%

97%

104%

*119

15%

96%
X104

120

*119

'

15%

16

97%
104

56 3/8

.,

97

1033/a

57%
120

163/s

6%
$5

108%
118%

116%

116%

43%

44%

44%

22%

page

2539.




22%

16%

111%
106

22%

16%
*111

106%
22%

16%

16%

7 %

preferred

5%

preferred

5%%

1st

Class

ser

class

45

16%

5%

conv

5%

conv

Procter
5%

&

pfd

Car

37

Jan

2

68%

Jan

91%

Sep

3

183/4 Aug

22

Deo

25% Feb

16

24%

25%

Sep

26%

Jun

117

(ser

Jan

28

3

353/8 Jun

16

90% Jun

16

Mar 28

109% Jan

5

104%

Nov

113 X July

17

109%

Jan

1173/4

Jun

43

Apr

19

47

—5
25

9

Apr

23% Feb

220

118 %

590

116%

120

47 y4

34,100

Pullman Inc

45,500

Pure Oil

45%

16%

17

110

111%

111%

200

6%

106 3%

106%

600

5%

conv

23

23%

2.01K)

July

50

4

12% Jun

16

3%

Jan

10%

23

26 v-Jun

5

18 Va

Jan

26

Jan

102

Feb

21

3%

Feb

Feb

21

34%

Jan

8 % Jun

16

5

Jan

5

59

27
13

4

7

75

80

25

Apr

3

186

25

82 Va Jan

3

100

46% Apr

27

100

57% May
11% Jan

164 % Jan
183
~

X

3

3
6

May

143/a Mar 13

43/4 Jan
6% Apr

10Q

Mar

May 12

4

—

Nov

168%

Nov

182

Aug

Jan
Jan

Jan

10% May

Jan

10

59%

Jan

90

613/8 Jan

10

24

Jan

52% May

Jan

10

56

Dec

99

64

17 3/8 Mar 21

25

Nov

Dec
Dec

14%

Jan

213/4 July

May 29

18

Jan

23%

11 Va Mar 16

4

Jan

13

13% Mar 16

63/a

Jan

13% May

6%

Jan

13

Jun

40%

Jun

25
11% May 17

13% Mar 16

35% Jan

10

43

52% May 19

58

Mar 25

13 % Jan

3

87 % Jan - 3
96

Mar

16% Mar

103/4

11'A Apr

116

75

168
74 %

25

V

Jan
Jan

17 Va May 16

'

Jan

Jun

July

Jan

19 % Jan 15
8% Apr'25

.50

7%

6%

20

14% Mar 22

5

par

Jun

4%

5

...100

168 %

4

Jan

100

15% May

170

19

No par
No par

77%

Feb

16

15

...5

Mar

Jan

10

Feb

No

9

Dec

Jun

6

79

1

Jan

73/a May
683/4

9% Jan

May 16

69

Dec

—

8% Jan

1

—100

Apr
May

9 Va

150 Va

pfd—100

...

73/4

Jan

3

243/4

Jan

15

48 Va

Jan

58

123

Mar 16

..Jan

13/4

Jan

12

1143/4

16% Jun

16

ll3/8

Apr
Jan

97% Jun

15

120

105

Apr

Apr
Jun

Sep
Feb

17%

Apr

96%

Oct

75%

Jan

4

85%

Jan

107% July

Jan

114% July

104% Jan
113% Jan

4

110

13

100

3

119% Apr

10

108%

NOV

129% July

pfd $5—iJVo par

115 % Apr

1193/4 Feb

15

113 %

Nov

122

—No par

37 Va Jan

28
3

47% Jun

16

263/4

Jan

40 Va

11

Jan

19% July

—

preferred

Pnlforiof

July

100

■

96%

preferred

107%

14

Jan

171

No par

(The)

*109%

Feb

18

100

Jun

Nov

25

.1

90%

79%

7 Vs Apr

of Feb 1 '29)^

Puo Ser El & Gas

Jan

•

42%

68% Feb
11% Jan

Co Inc—

7% .preferred—4.
8% preferred——

109 %

61

Feb

5

7

102

Jan

Jan

Jan

14% Jun

—

5

13%
71

May 27

14

No par

preferred——„—

118

114% Jan
110

pfd.

!

Pub Serv Corp of N J

109%

*116%

118

Oct

26

—100

2d preferred
Gamble^it-i

*105%

22 3/4

13

19

1st preferred—.

111%

223/4

pr

class B_

106%
22%

Jun

21% Jan

No par

Cjreek Pocahontas

Pressed Steel

Sep

53

99% Jun

11

class A
conv

B

Poor &iCo

x51%

3

No par

B—

preferred
Plymouth Oil Co
Pond

Jun

293/8 Mar

25

No par
100

,

8%

17

Feb

Pittsburgh Steel Co.

6%

118%

Jan

233/4 May 13

...—100

$5 preferred.———

*108%

5Va

82

No par

1,100

117

16%

61,100

10 % July

9% Mar 13

Apr
24% Jan

Pitts Screw & Bolt—

1,930

118 Va

106

120

16%

26% May

Jan

9% Jan

Jan

Pittsburgh Forglngs Co—
Pitts Ft Wayne & Chic Ry_—
7% preferred..——

97%

108%

*111

120

Feb

12

6%

12

5

19

100

& Iron Corp
preferred

104%

118 Va

111%

16%

conv

97 %

108%

44%

*119

preferred—

Pitts Coke

1033/4

*115%

44%

.

.

May 16

49% Jun

88% Jan

—100

97%

118%

109

Jan

23

Apr
11% Feb

Hosiery—

103%

116%

108%
118

106

21%
see

15%

57%

*115%

108%

16%

*110%

For footnotes

120

57

116%

118

43

21%

15%

*39%

43%

108%

106

119

103%

97%
104

*115%

15%

*110 Va

[

19

273/s Jun

No par

Pitts Young & Ash Ry 1%
Plttston Co. (The)

10%

*11%

46% Mar 24

6

x98

Pittsburgh & West Va

9%
/

5

233% Mar

100

j

2,800

%

73

24%

333/4 Jan

No par
;

2,700

15%

*170 Va

*170%

12%

10
12

10%
73

<

13%

*170%

10%

*23%

17%

*23

*9%

14

73

10%
74

11%

13%
*170%

—

;

Pittsburgh Coal of Pa

60

89

593/a July
16Va May58% May
413A May

533/4 Mar 16

10

Phillips Jones Corp
7 % ? preferred——
Phillips Petroleum.—

110

Sep

Sep

Feb

100

Corp—

Philip Morris & Co Ltd

2,500

69

73/8

_3

preferren

Phllco

Pitts C C & St Louis Ry Co

8%

61% July

Feb
Jan

par

Pillsbury Flour Mills—

76%

Jan

1%

Jan

No par

com...—

200

69

463/a

Apr

5 Va

par

JVo
__JVo

com.

26%

5%

88

Co.

26%

5%

88

preferred——

*26

8

9

14

Nov

26%

69 Va

Mar

8% Apr

20

Pncenix

76%

63 *

22% Mar 16

400

8

24%

49% Jan

12%

75

Feb

14

12%

69

17%

28 Va

series—-——100

8

May 31

34 Va

4%%

75

25

26

12%

69 V*

32'/a

20% Feb

Phila Electric

Dec

Jan

Mar 24

14%

7%

113

Jun

23 Va

153/4 Mar 21

112%

700

173/4 Mar

Jan

108%

: Jan

69

108

53/4

13%

10

30% May 31

112

3

Preferred

135

26

Oct
Jun

4

50

5%

18% Jan

45

24

106

*102

Jan

X.40% Apr

*ll3/4

53/4

9%

33/4 Mar

Jan

33 %

Apr
10% Jan

JVo par

12%

135

1%

12

100

.

19,600

*5%

16

Jun

50

54% Jan

46

1

44%

*102

3% Jun

3%. Jan

15

100

43%

5%

4
6

.100

1

15

Jan

series

*26

3

5% Jan

4%%

*1095/8

,

15% Apr

100

43%

135

55

*13%

14%

9

Mar 17

21% Jan

Preferred

*72%
14

Co

43%

•

16

10
-

110% Mar 17

10

5%

89

21%

13

109

*107

5%

15%

16% Mar 13

3

112%

114

*1093/8

*185

*185

109

*112%

14%

*109%

43%

15%

18

25% Jan

Brewing Co
JVo
(Chas) & Co Inc..—

4.4.fa

35%

90

114

*14

119

Jan

1

120

345/8

90%

114

*112%

*116

34%

89

109

14%

120

33%

89%

*108

110%

*116

34%

88%

109

*13

120

33%

*89

109

*116

530

89%

33

90

*110

10 '/a

80

par

330

34%

33

89%

109%
114

*116

120

30%

%

89 Va

*73

16

Phelps-Dodge
Corp.
25
Philadelphia Co 6% preferred—.50

2,000

*13%

101% Jun

3

Pfizer

98 3/4

49%

i-7

73/4 Jan

1,900

52

*58

60%'Mar

29

1,500

52%.

*85

Dec

7% Feb

9%

98%

*7%

51%

5

49%

52%

5

16

5
100
—100

(Chic)

Ry

preferred

22%

98%

*13

58% Jun

;

2% Jan

Pepsi-Cola Co
Pere Marquette Ry Co
5% prior preferred—

21%

99%

Va

10

37% Feb

Pfelffer

53

30

Eastern

900

8%

99%

119%

&

49

49%

21%

.

52%

7%

29

par

Petroleum Corp of America

52 Va

75

Jan

Nov

9% Jan

No par

Pet Milk Co—

99%

67 Va

1%
16%

No par

400

27

8%

48%

'

No

Peoples Drug Stores Inc.. —i

1,200

43% ,43%

:

27

■

52%

*5%

19% May

Jan

16

15

50

24

99%

*102

16

7% Jun
20% Feb

13% Apr

—100:

29%

99 Va

*112 Va

16

3

933/4 Feb

par

RR

23%

52%

*108 Va

7

26

4% Jan

10

preferred

24

99 Va

30%

Feb

15% Apr
51% Apr

10

Corp!

Cement.

Pennsylvania

'

42%

20%

49

20%

50%

49

9%

48 Va

*89

Airlines
Coke

&

60%

60

66

■

Coal

Penn

29%

*23%

11%

49%

900

$7 conv pref ser A
Penn Glass Sand Corp..

17

23%

'

X

Penn-Dixie

114

29

65%
41%

*110

-,18%

.

No par

No par
Corp
1

Co

3,800

*16

12%

*

Penney (J C)

5,800

*107

29%

65

*52

2.50

Transportation

Patino Mines & Enterprises—
Penick & Ford
No

3%

17

29%

11%

*8%

8,700

Parker Rust Proof Co
Parmelee

48%

3%
48

113

28%

59%

8

8

3%
48%

65

*

101

13%

3%

*15%

24

*23%

*8

v

1

49%

*109

29

24%

49%

7

15%'
14

3%

110%

110%

*13%

49%

3%

*15%

17

29

*23%

*7%

58 %

100%

50

49

*110%
28%

*573/4

';■< 57%.

•

'

47%

*15 Va

57%

57%

13%

3 Va

6,000

57%

14%

13%

47

21,300

185/a

18%

100%

1,200

7%

18%

6%

18%

100%

23

7%

18%

6%

18%

•>:

■

6 5/8

38%

6%

18%

56%'

*13%

:•

21%

■■V 6%

6%
18 Va

56%

•

57 %

*56

20%

6%
17%

6%
18

,——.100

No par
—100

—103
Wn

•>/»••

15VaFeb

3

18

Apr

Mar 22

Aug

July

109% Jan

12

113% Feb

18

1043/4

Feb

114 Ve July

103

15

107

Feb

9

92 Va

Jan

,107% July

A/for, OK

10 3/,

Jan

Jan

1Q3/, .Tori

14

■>0 3/„

OOIZ,

Mov

|

THE COMMERCIAL & FINANCIAL CHRONICLE

Number 4291

Volume 159

NEW YORK STOCK

RECORD
STOCKS

LOW AND HIGH SALE PRICES

I per share

9 per share

13%

$ per share \ \

.

13%

13%

10

74%
9
88%

$

per share;

pet share

13%

89%

10%
75%
9%
89%

89%

32%

32%

32%

15
*30%

10%
75
9%
89%

-

14

10%

13%

10%

137/s

June 16

June 15

June 11

15%
31%
17%

Sales for

Frida*

Thursday

Wednesday

June 13

June 12

June 10

*13%

Tuesday

Monday

Saturday

2537

NEW YORK

9 per share

;

Shares

*13%

13%

13%

13%

107/a

10%

75%

75%

74%

11
75%

Range since January 1
Highest

I per share

Par

:

Quaker State Oil Ref Corp

186.200
1,900
55,700
12,710

Year 1843

Lowest

'

500

10%

Range for Previous

STOCK

EXCHANGE

the Week

,

9 per share

12% Jan 21

19

Lowest

Hi| hest

9 per share

14% Feb 11

9 per share

10%, Jan

.15

July

R
9%

9%'

' 10

'

*74%

-

74%
88%

74%
9%
89%

31%

32

31%

32%

15

15

15%

15

31

74%

x31%

31%

8%

88%

88%

31

31%

15

31
17

8%
'

17

17

38%

*37%

*30

30%
8%

*29%
8
f

*111

59%

17

•

60y8
'

.

19%

16%

62

*61%

17

16%
93 %

94%

*92

94%

10%

16%
93%
94%

17%

*91%

93

93

8%
91%
*72%

8%
91%
73y4

8%
91
73%

*100

91

91

73%

73
13

11%

.12%

307/s

31%

13Va

13%

13%

13%

91%
12%
32y8

9iy2

917/a

12%

xll%
32%

*14%

15%

*14%

91%
12%
32%
37
15%
9%
15'A

*6%

6%

6%
21%

6%
21%

6%
21%

30%

31

•

12%
31%
37
15

37

15'A

15'A

9%

9%

21

21%

29%

29%

18% '

9%

18%

29%

32% J
38%

*37

15%
9%
*14%

6%

20%

*50%

51

29%

29%

29%

%

i%

n
V/B

is
1%

1%

49%

49 y2

49%

49%

49%

113%

113%

113%

7%

7%

7V4

50%

50%

51

*107

108

*107

114%

7%

31%

17%
37%
30%

17%

17%

373/4

373/4

31%
17%
*37%

30%

*30

*30

-

*7%
*112

115

62

62

*16

17

*19

19%

173/4
933/4

•

95

92

94

11%
17%

ig

7%

T

93%

*92%

11%

8%

9%

91%
73%
13%

73y4

73%

133/3

*

131/3

91%

9l7/a
12y8
32%
38%

93
9%
91%* 93
73%
74
13% : 13%
91%
917/a

917/a

12%

12y8

12%

32%
*37

32y2
38%

15%

15%

10

9%

9%

32%
*37%
15%
9%.

16

7

7

31

»31

22%

23

29

31%

19%

51

28%

19

51

51

51

29%

29%

r

13

%

%

1%

1%

2%

1%

X49 %

49%

49%

49%

49%

Xll3

113

.

20%

.

-

'

*40

:~41%

7%

v

*113

*40

7%

113

113%

34%

7%

7%

250

8

8,100
3,700

35%

108

41%

42

35%

107%

35%

*107%

41

107%

*41

111 Vz

♦110 %

111 Vz

*110%

111%

*110%

111%

*iioy4

*109

110

*109;

110

*109

110

♦109

24

24

24

*24%

24%

25

24%

23%

24%

3%

3%

3%

3%

3%

3%

4%

93

93%

94

94%

94%

94'A

947/a

94%

95 y8

94 %

94%

9.200

18%

18%

18%

19'A

19 y8

19%

18%

19 y8

19%

20%

19%

20%

27,000

15%

15%

15%:

16

16

16%

15%

16%

15%

16%

16

16%

5,700

72

72

*3%

3%

3%

3%

70%

71

71

71

4

—

Seagrave Corp
Sears Roebuck & Co—

Servel Inc

———

—

370

12%

12%

12%

75'A

75

75

11%

11%

11%

11%

53

53

53

53%

53%

11%
*52%

26%

26%

26%

25%

26%

25%

26%

3,000

Shell Union Oil—.

3%

3%

3%

3%

3%

3%

3%

3%

9,200

*52%

53

26%

26%

26%

*3%

3%

3%

3%

;

13%

13 y4

13%

75%

75

75

11%

11%
•*52%

53

3,900
40

29%

30%

30%

31%

31%

32%

31%

32

31%

32

*23%

24%

24%

24%

24%

24%

24%

25

24%

24%

25%

25%

1,500

13%

13%

13%

14

13%

14

13%

14

13%

13%

13%

13%

68,000

39

39

*39%

40

39

39

4%

4%

4%

22%

22%

22%

23

22%

14%

29%

29%

23%

24

50%

50%

50%

23

23%

50%

50%

63

63

5%.

5%

5%

7%

7%

*6%

65

*63

i

7%

15%

15%

2.800

30%

30%

40,600

Southern Pacific Co

Southern

5%
,

7%

5%

7%
*63

*63

5%

5%

7%

8

66%

*63

64

63

63

63

63

*29

29%

29%

29%

29%

30%

30%

31

24

24%

23%

24%

24

25

24%

25

41%

41%

42

61

60

60

41 %

42%
60%

9%

9%

9%

9%

66Ts

66

65%

66 Vz

65%

66%

34%

33%

33%

*111

115

*111

30 y8

30%
113%

115

112%

*112

112%:

110%

*109%

30%

■

30%

30%

115

*113

113

63

30%
113

2%

3%

3%

3%

44%

46%

46%

47%

55

30%
*112%

3%
*47

*60%
110

30%
*113

3%

3%
47%

66,600

67

66

67%

2,460

35%

3,000

35%
*111

*60%

63

112

112%

*109%

110

30%

30%.
115

112

63

500

112

50

111

80

30%

7,600
300

112% 113

33%

34

33%

33%

33%

34 Vs.

14,100

57

57%

57%

57%

57%

57%

31,700

43

43%

42%

42%

42%

42%

1,500

114%
9%

*113

114 y8

*113%

114%

9

32

32%

66%
15%

66%

66%

66%

66%

67

66%

67%

15%

15%

16

15%

16%

15%

.16%

10%

10%

10%

10%

11%

11%

11%

17%

17%

17%

*17%

17%

17%

17%

8%

8%

8%

.

9

9

9%

17%

18

18

19

18%

19

54%

54%

54%

55%

55%

55%

"/

125

125

*124

5%

6

6

6%

8%

8%

8%

8%-

20%

20%

20%
*75.

76

22%

■

22%

footnotes

15%

11%
*17
'

9%

16%

9%

18%

18%

18%

19

54%
*124

54%

54

55

127

*124

127

<

51,666

31%
'67%

31%

1,400

16%

67%

.

2,600

31,600

12

19,800

17%

300

9%
18%

9%

26.200

19%

79,900

56

56

1

6% Nov

19% Jan

35% Jun

13

1% Mar

105%. Jan

114

Sep

12% Mar
44%

Dec

16

6

96

Xl08% Mar 23

42% Feb 16

Jan

107% July

36% Dec

43

Feb

16

112

Jan

6

109% Nov

115

Feb

Jan

3

110

Jan

8

105

112

Mar

10

2% Jan

16% Jan

5

25% May 19
4% Jun 16

59%

Feb

7

95 % Jun

16 y4

Feb 14

20% Jun

16

13

May

16% Jun 16

2

.

Feb

26%

Jun

Jan

4%

Jun

Jan

B0%

Dec

10% Jan

18%

Sep

2

15

9

.

Jan

17% July
73% July

Apr
5
14% Mar 13

64

8%

Jan

75% Jun

1

64%

Jan

16% May
73% May

6

11% Mar 16

5%

Jan

10%

4

63% Jan

24

Deo

54% May 9
28% Apr 12

3

18

Jan

73

Jan

31%. Jan
17% Jan
2% Jan

May 16.
24% Apr 24
23
Apr 19

Jan

27

32% Jun

13

16%
21

Jan

14

10% May

4

Oct
Jun

5

Jan

26% Mar 14

10% Feb

3

Jun

57

29

28
27 V*

Apr
May

1,900

128

10

36% Apr

.20

35

Mar 14

6

41

May 31

6

28% Jan

152

May 17

19

J an

Jan

15% Jan
10%
2%
16%
20%
132

Jan
Jan
Jan

Jan
Jan

1

Nov

39% July
25%

Jun

15% July
5

29%

Apr
Dec

30%

Sep

22% Apr 24
13% Jan 17

24% Jan

6

15% Jun

3

10% Jan

23 % Jan

3

32% Mar 22

15% Jan

20

Jan

3

28% Feb 26

15% Jan

149% July
25
Apr
14% Sep
30% May
30% Apr

40% Jan

4

53% Jun

5

35% Jan

49% May

54

Jan

7

65% Jun

5

42% Jan

66

4% Jan

3

6% Jun

16

8% Jun

16

Jun

12

141

...25

Jan

5y8 Jan

26

55

Feb

14

28

May

21% Jan

2%

Jan

2% Jan

Apr

6% Jun
6% Sep

33

Jan

61

Nov

31% Mar 14

21%

Jan

35

Dec

27% Jan

6

23% Nov

35% Mar

36% Jan 26

42% Jun 13

32% Jan

44% July

56% Jan 27

61

66

May

60

3

Jan

5

22% May 13

63

Jun

2

Jan

3

10% Jun

16

50% Feb

11

67% Jun

16

6

59

Sep

8% Sep
64

Sep

9

Jan

38% Mar 13

33

Jan

113% May 25
64% Feb
2

109

Jan

114% Jan

112% Nov

42
July
116% July
70
July
117
Aug

107

110

% May 12

111% Apr

19

108

May 17
28% Feb
9

110

35% Jan

28

33 »A Jun

110

112

10

Jan 28

Jan

27

31% Mar 21
115

Mar

6

49

Jan

Nov

25
Sep
100% Jan

1% Jan
9

Dec

31% Dec
115% July
6% Mar

Jan

38%

Jan

44%

Dec

Dec

28% Jan

46% Jan

38% July
60
Sep

40y4Jan

37% Jan

45 %

lA %

Starrett Co (The)

111

Sterling Drug Inc
Corp
Stokely Bros & Co Inc
5% prior preferred

—No par

28% Jan

18

32% Mar 22

25

62% Feb 29

67% May 18
16% Jun 13

68%
7%
4%
14%
6%
5%

10
5

—

1

11% Jan

9% Feb
15% Feb

...

2Q

21 %

21%

22%

4,300

76

76% ' 76%

75%

75%

75

75%

75

75%

23

23%

.*22 %

23%

23%

23%

23%

24%

11% '

11

11

11%

11%

11%

11%

600

30%

30

30%

30

30%

30 %

30%

4,600

Swift & Co

32%

32%

33

33%

33%

32%

33%

32%

33

5,000

7% Apr
13% Apr

29 %

29%

30

29%

30

29

29%

29%

30%

15,900

Sylvania Elec Prod's Inc

5%

6%

6%

6%

6%

6%

18,300

Symington Gould

19
19
15

121

Jun

Jan 27

12

Jun

16

17% Mar 14
9% Jun 16
jl9% Jun

16

60% Jan, 21
125

Mar 18

~6%

Nov

May

Jan

July

31% Mar
66

May

Jan

14% Jun

Jan

14

Deo

*17

Jan
Jan

48% Jan
122

9% May

Apr

July

Sep
10% May

15%

Deo

63% Mar
Sep

130
6

Oct

6% Jun

13

4% Nov

5% Jan

3

87/8.Jun

12

3% Jan

17% Jan 27

100

22% Jun

16

12%

Jan

22

May

84% Feb

2

58%

Feb

82

May

24% Jun

16

14%

Jan

16

26% Jan
4% Feb

32% July
33
July

72

25
100

Jan

3

19% Apr 25
29% Jan 28

Swift International Ltd

28%

10
1

9% Mar 22

5% Feb 15

Sunshine

21%

.

54

—

Mining Co
Superheater Co (The)
Superior Oil of Calif
Superior Steel ,Corp
Sutherland Paper Co
Sweets Co of Amer (The)

3

.

May

15

13

—No par
Studebaker Corp (The)——
1
Sun Oil Co
—No par
Class A pfd (4%% cum)
100

21%

Feb

——1

Stewart-Warner

21%

114

26

L S

21%

34% Jan 15

Jan

100

Stone & Webster

4

11

6% Jan

preferred

Standard Steel Spring

Sunray Oil Corp.—

300

27% Jan 14

28 %

16

17,200

1,500

5

7

43% Jun 13

64,300

3.900

Jan 28

29% Feb

May 25

57% Jun

8%

-

8

3

6%




8y4 Feb

54% Mar 31

35

51'A Apr 19

8%

2539.

13

32 y4 Mar

6%

page

47% July

50.
Jun
114% Jun

-

84

—

30 %

see

3% Mar

Jan

3

Standard Oil of New Jersey—...25
Standard Oil of Ohio
—25

8%

6%

& Jan
% Jan

15

40

6%

6%

11

Jun

28% Jan

8%

6%

36% Mar

1

2% Apr

,

38% Jan

6%

6%

27% Nov

32 % Jan

58% Mar 23

11%

32%

50% Aug

7

8%
21%

33

Jan

8

4

114%

9%

33

43

51% Apr 11

Dec

35% Feb

6%

32

Oct

Jun

40% Feb

8%

32

28

18%

No par

6%

31%

Jan

—No par
Standard Oil of Indiana
...25

8%

31%

Deo

11% Jan

«

10%

6%

31%

19%
20%

19

Feb

4% Mar 22

8%

23%.

21%

16
13

23

2lYa Jan

7.50

$7 prior preferred

22

-

108

Standard Oil of Calif.

*125

14

Jan

12
July
17% May
9% May

'

50% Mar 22

6%
<

3

17

Jail

3

16,400

*17

17%

Jan

Jan

5%

10

16.200

11%

11%

13

Jan

9

16

23% Jun
31% Jun

3

5

11% July
Jun

16

2% Jan

*30%

29%

5%

66% •67%

Jan

7

10% Mar 18

16% Jun
7% Jun

33% Feb

38%

16%

,

12% Sep
7% Jan

*

3

—No par,

57%

8%

31%

15% Feb

3

Jan

pref—No par

11%

♦11

28

9%

*31%

Jan

39% July
14 y4 Oct.

109

No par
—No par
—2
No par
1
—100
No par

30%

*30%

11%

.

125

9

32%

32%

Feb

34% Jun

1

31%

31%
30

125

32%

Jan

—No par
No oar

...

37%

*113

9

Jan

25%

34%

37% Mar 16

.1

$6 prior preferred

43%

8%

5%

13

Rrands, Inc
preferred

Standard G & E Co $4

57%

8%

$4.50

1,600

34 y8

*113

Standard

5,200

43%

.

12

105

$5 pref series A
.No par
$4.25 preferred ——.——No par

3%

57%

114%
*113
9%
8%

'

48%

33%

37%

Feb
Jun

12% Jun

7

—No par
No par

Sperry Corp (The)—
Spicer Mfg Co—.—
$3 conv preferred A.
Spiegel Inc
.Conv $4.50 preferred
Square D Co
5% conv preferred
Squibb (E R) Si Sons

56%

56%

37%

70

38% Jan 25

38% Feb

.No par

3%

43

56

93%

& Mar 17

Railway
No par
preferred—
100
stk tr ctfs—100

*47%

3y4
48

34%

32

For

60

10%

57%

31%

5%

1,500

60

43

31%

27%

42%

10

35

*112

42%
*59

115

47%

31%

32%

.

.

10%

56%

8%

32%

61

15% July

Jan

32% Jun

27% May 12

non-cum

Spear & Co
$5.53 preferredSpencer Kellogg & Sons

15,900

33%

114%

30

25%

42%

Jan

3

45

—No par

Sparks Withington

1,600

37%

43

*10%

25

5%

30

31

251/8

Nov

7%
80

4

25

Mobile & Ohio

1,500

8%
66 Vz

31

37%

43

*30%

*63

55%

56%

22

8%

81/4
66%
31

55%

34

76

67,500

6%

e%

37%

56%

124

6%

*63

37%

37%

8%

64%

200

55%

52%

,

4,400

;37%

51%

10%

34,800

53%

56

37 %

*17

26%

52%

X35

30%
115

25

521/4

*111

110%

33%

■

66

60%

*60

*110

51

,

9%

66%
35%

*112

37%

•

60%

42%
*59

9%

60

44

*113

35%
♦111

42%

112

.2%

2%,
*43

35%
115

65

.24%

61

60

109%

*112%

*111

9%

112

112%

109%

34%

34y4
115

42%
*59

*109% 111

60

*58

*112

,

42,

*59%

9%

9%

31

25

65

59 y8

7

3

14% Jan

—1

Southern Natural Gas Co

151/4

30%

24%
51%

16
16

Jun

Feb

May

5% Apr 18
17% Jan 26

15

Southern California Edison,

14%

*62

*59%

3,300

29%

51%

Jun

13% Jun

74

98

Jan

8% Feb 29

—..100

14%

65

92

13

Greyhound Lines—.5
No par

25

51%

8

Dec

13

No par
15

Iron

&

preferred-

30 %

64%

5%..

7%

23

8%

14%

65

4

8'A Jan

South Porto Rico Sugar

29%

51%

64%,

5%

22%

23

20

24%

29%

24

22%

Southeastern

700

'4,400

24%

15

14%
29 %

23

33

38
151

Steel

30%

15

14%

14%
28%

22%

32%
37%
*147

4

Jan

76

Apr

10

4%

33

Jan

17

95

28% Jan

4%

37%

15

16

3%

151

Jan

Dep

4% Jun

3%

33

Apr

3

13%

37%

Oct

9%

,3y4Jan

13%

*147

88 Vz

Jan

South Am Gold & Platinum

13%

38

Jan

5%

16

16,400

13%

33%

73%

9% Jun

16

13%

151

101%

13% Jun

13 y8

38

Jan

27

13%

*32%

Apr
20% July

Jan

3

■

10%

14

95%

97% Mar 14

3

10

4% Jan

18% Jun 16
102% Mar 24

Jan

13

*146

15

Oct

Deo

12

13%

33%

Jun

Jun

93

74%

42% Jan

Socony Vacuum Oil Go Inc

27

27

40

Jan

1

12

18

15

Jun

1,500

26%

27

151

Vz Jan

Jun

74,200

27

39%

69

95

100

7

Sep
May

23% Nov

26%

33%

19%

Apr 12

26%

*148

Jan

23

26%

33%

12

Smith & Corona Typewriter-No par

27

39%

16

15% Nov

38%

151

*148

20

18% Jun

22% Aug

36%

'

39%

39%

*22%

.

*32%

32%
148

13%

Jan

3

36%

3%

Jan

14 y8

16

35%

4

6

18% Jan 22

35%

12%

3

Jun

19% Mar 17

38% Jun

35%

12%

86'A July

Mar

17

23% Jan

36%

26%

Jan

6

70

5
5

4,100

36

12%

20

3

24
13% Apr 25

Sloss-Sheffield

560

26%

80

28

No par
15

Skelly Oil Co—

3,300

X26%

Dec
Nov

66% Jan

22

1,500

16%
22%

36%

Jun

6%

36

No par

...

127% Feb 14

T

NOV

30

$1.20 preferred—..—NO par
Smith (A O) Corp—.
-10

40

35%

Jan

35

,

42% Jan

16%

39 y4

90<

Feb

,

14%. Jan

xl3% July
45 % Sep
24% July

22%

35%

*32%
38%

Slmonds Saw & Steel

—

Sinclair Oil Corp;——

16 %

*35

148

7,200

22%

39%

Jan

48% Jan

(W A) Pen Co—

15%

39%

3%

9% Jan

22%

39%

7

6

15%

39%

10

Jun

Aug
22% May

Jap
Jan!

3

27

22%'

15

*22%

22%

Jan

15%

15

22%

26%

1

20 y8 Mar 21

Jan

*22%

14%22%

3%

;

8

30% Jun

72

22%

14%
23

4

32%

38% Jun

7

12

15%

*14

*21%

3%

X32

3

13

27% Jan

Sheaffer

700

53

32

Sharpe & Dohme
No par
$3.50 conv pref ser A——No par
Shattuck (Frank G)
No par

6,200

11%

Jan

63

Silver King Coalition Minesw—-5
Simmons Co—...—.
-No par

.11%

11%
*52%

*25%

11%

71%

72

71%

12%

26%

85% Apr

.

Sharon Steel Corp————No par
$5 conv preferred—
No par

12%

71%

16

84

.1

75%
11%

*75

31% Jun

.6% Jan

No par

—

71%

12%

Jun

2

Feb

87

5

—

75%

75%

15%

8% Apr

No par

.

12%

12%

Jan

16
Apr 24
99% Jun
9

—3%

12%

*75

11%

70% Jan

—100
-No par
No par
-—.—.-.No par;

71%
*75

16

14% Apr 19
x83% Mar 9

preferred———

Seaboard Oil Co of Del

1,900
4,400

92%

15% Jun

50% Jan

-

—

...

5%%

$4 preferred

24%

3

43% Jan. 27
110% Jan
8

Scott Paper Co
$4.50 preferred-

110

24%

101%
29%

Dec

Jan

% Jan 20

New

200

1,000

111%

110

Jan

21

11% Feb
18
Feb

-——10

«,

14,750

42

54 %

15

Francisco———-100

preferred—

Jun

107% Jan 17
32% Jun

—100

non-cum

10%

3

Safeway Stores—
—No par
5 % preferred
—100
Savage Arms Corp———5
Schenley Distillers Corp
.5

6,200

113

Louis-San

6%

34,900

49%

Joseph Lead

$St

20,800
2

-

7%

34%
35%
*107% 108

St

5,600

30%

%

1

j

,

;

Jan

5% Jan

——1

.

12% May
71% Oct

<Jan

3%

32% Jan
,

.

31%

19

1%

•

;

23%

31%

22%

Reo Motors, Inc,;

4% Jan
59

15% Jan

4% non-cum 1st preferred
50
4% non-cum 2nd preferred—50
Real Silk Hosiery
5
Preferred
—
———100
Reis (Robt) & Co 1st pfd——100
Reliable Stores Corp——No par
Reliance Mfg Co—
——,10
Remington-Rand——.—
1
Preferred With warrants..—,—25
Rensselaer & Saratoga RR—100

Republic Steel Corp
—No par
0% conv preferred
—100
400
6% conv prior pfd ser A
—100
32,900
.
Revere Copper & Brass,
No par
: 550
7% preferred—
———100
300
5V*% preferred——
100
5.000
.
Reynolds Metals Co—,
-No par
400
5%% conv preferred
—100
10,400
Reynolds Spring—.,
—1
17,500
Reynolds (R J) Tob class B
10
40
Common ———10
2,600
Rheem Mfg Co
1
7,400"
Richfield Oil Corp.,—
No par
1,300Ritter Company _
—No par
2,300
Roan Antelope Copper Mines
3,600
Royal Typewriter
1
2,000 '
Ruberold Co (The)
No pat
10,800
Rustless,Iron Si Steel Corp———J
•70
$2,50 conv preferred
—No par

7%

19%
51

>

15

28

30

15%
97/a
16%

840

16

9% Mar 16

28% Jan
12% Feb

•

.

58,400

12%
32%
38-

7

29%

19%
*50%

16'A

->-1
—100

—,

<

.

16.100

12
18%
10iy2

Radio-Keith-Or p " mm
6%. conv preferred

11

5

Jun

75% Jun

18
,

7% Apr 24
85 y8 Jan 27

,

100
13.700
500
:

8% Apr

69% Jan

,

Raybestos Manhattan——No par
/ Rayonier Inc
—
1
$2 preferred —
.
—25
Reading Company
,—50

300

93
9y8

91 Vz

91

■

94%

18

93'A

8%

31%

*100

12
18%

101%

»100

,

8%
8%
114% 114%
61
61 %
*15%
16%
19%
19%
17%
18 %
941/2
94%

8%

,

1,600
9,000
1,200
2,700
400
: 100
800
30
130

51 y8

107% 107%

40'A

*31

*109

110

*24

50

50%

15%

*110%

*110% 111%
*109

7%
51

-

%
1%

114

113%

108

39

39%

*39

11:

151/4

22%

29%

29%

%

15

32%
15%

xl6

6%

51

i%

29%

32

15%
67/8
22%

15

22%
31%

19%
*50%

-

32%

30%

15

20'A
51

" 19;

•

9%

97A

9%
90

9%

15

*37
15

15%

90

9%
89%

9%

93%

91'A

13

91%

*50%

11%
18%
101%

8%

73%

13

91%

*36%

11
17%
*100%

93 y2

7%

9iy2

*72%

11%
18%
101%

11%
18

18
101%

7%

*90

93%

*100

<

93%

7%

95

*92

100

*92

63
17
19%
17%

17

11%

11%
17

11'A

17

100

17

37%
38
30
30
8%
8%
115
115
" 61%
61%
17
17
*19
19%
17%
17%
93%
93%
x9iy4
91'A

114

*18%
17 y8
*92 Mi
93y4

19%
17
93%
94%

•

17%

114

*•

9

37%
30%
8%

8%
114

*111

59%

*16%

17%

37%
*29%

38%
30%
8%

*16%
*18%

114%

*18%

*30%

17

*37%

*7%

75%

15%
31%

8%

'

Radio Corp of Amer.
—No par
$3.50 conv 1st preferred—No par

10

33

Jun

7%

Apr

Corp

.12%

8% Jan

4

11% Mar

12 V2

Jun

25

—

27% Jan

3

31% Mar 20

22%

Jan

27%

Nov

33% Jun

14

27 %

Nov

35%

Apr

33 % Jan

5

22%

Feb

35% July

4% Jan

8% May

.

__No par
1

■

10
26% Apr 18
5% May 9
27% Jan

3

7% Mar 13

LOW AND

Saturday
June 10

June 1*

$ per

sncfre

$ per-

"

share

7%

7%

*7%

'7%

7%

x7%

*45%

46%

46%

46%

46 %

46 y2

<'45%

5%

5%

5%

5%

5%

*5%

6

'

8

11

11

11

11%

11 y8

11%

48

47%

47%

47%

48y2

5%

5%

5%

5%'

5%

35%

35%

35%

35%

35y4

35%

17%

18

17%

is%

17%

18%

10%

10%

10%.

10%

10%

34

333/4

34%

34 y2

35 y2

17%

17

18

18%

18%,

18%

10 %

101/4

10%

10%

10%

10%
21%

*20%

21%

21

21

21

21%

22%

22%

22%

22%

55

55

55

■

10%
21%'
<•22%
*54%

23y4

55

55

46

*45%

5%
11%

12

42%

42%

43

42%

2%

23/4

2%

2%

20%

21%

22

223/4

15

15%

15

15%

'•

29

29%

29%
49%

50

19%

19 Va

19%

19%

193/4

15

15%

153/4

15%

15%

4%

4%

4%

4

*3%

953/4

*95

9%

*10

10%

750

29%

30

■7,500

50

3.700

9%
20%

213/s

15%

15%

4%

4%

15

4%

■»

7,500

2,500

96

96
10

10%

17

17%

12,100
6,000

>

16%

16%

16%

25%

26%

X25 %

26

25%

26%

25%

26%

33%

X32 %

33

33

333/a

33

333/a

103%

*102%

7

103 %

; 103

7%

7

7

103
7

7

-

\

"

900

,

94%'

X94

94

95

12%

12%

12%

*57 Va

57%

57 %

57%

11%'

11%

11%

11%

80

80 %

80

80%

58%

94%

95

123/4

12%

12 3%

58

12%

57%

180

943%

11%

59

60%

62

004

11%

12

;

41%

Jan

533/a July
6% July

3y8- Jan
33 y4

Dec

413/4 July

4

19% Mar 16

83/a

Jan

18

83/4 Feb

9

11 Va Mar 18

7%

Jan

13% July

4

26% Mar 21

16 Vb

Nov

6%

Jan

28% July
14
Oct

Jan

53%

". 12a/4 Jan. 13

23% Jun

'

56 y4 May

50% Feb • 4

13
24

6

Jan

31

113

Apr

19

8 3/4 Jun

Jan

ll

47% Feb

23

4% Jan

19

6% Feb

11

8
16
18

.*• 11% Jun

13

13 % Mar

32% Jan

10

43 Va Jun

Jan

4

Feb

8y»

Jan

15

26J/4

Feb

34%

Dec

1%

Jan

3

Mar

16

Jan

153/4 July

103-% May

Dec

343/4 Mat

13

Jun

40%

Jan

50

9% Mar 17

63/a

Jan

16

15 y4

Jan

10% May
253/a July

153/4 Jun

12

11%

Jan

16%

1%

Jan

24
13

50

'25

21% Jun

12% Jan

.

5

4% Jun

4

16

Jun

5

Mar 25

.4

Jan

96

11

3% Feb

'/3

69

Apr
43/a May:

90

Jan

6%

May
93/4 May

Jan

21% Feb

17

26 Va Jun

16

3

33 % Jun

13

25

Jan

Jan

4

103% Apr

11
8% May 5
102
May 5

99

243/4 July

12% Jan

28 3/4 Jan

Nov

par

5.7/a Jan

■■

5

100

/ 68 y4 Jan

,

4

8% Jan

July

17% Mar 21

15% Mar .1

1.

263% Jun

Jan

Jan

8 % Jan

'

July
'

93%

17% Apr

100

May-

23%

Jun

8% Jan

6%

Jan

94 Va

30

85

Sep
May

•

1$

:3

43 % Apr

,

49

16

15% Jun

Jan

25

Oot

9%

Jan

Jan

3

July
-

l073/4 May 29

3

,

100% Jan " 3
•

Mar

4

23%*Mar 21:

6

18% Mar
,13

3

Dec

8

95

33%

7
•43

2

Jan

52

9
16

July

Jan

2%

16

May

57/a Jan

•

35

Feb

9

92

par
Par

Co—

10

6% Mar 27

35% Feb 23

$6

Twin Coach

21,800

i

13% May

17% Jan

la.*.—————25

preferred————No
prior pfd—;
.-—No
Twin City Rapid Transit——No
7% preferred^—:———

1

93%

12%

7%

50% Jan

Jan

19

1

$4.50

200

103 %

7%

7

7

93%
12%

94%

*102%

102%

102%

7

8 3/4

28

par
100

$1.50

5% Mar

5

14% Feb

Tubize; Rayon Corp.t-—ll—.
,-1
20th Cen Fox Film Corp—-No par

,

Jan

4% Feb

St'l—No par
Corp—,———1
preferred————a—No pat
Truax-Traer Cortf.-?——No par

/

Jan

3

323/4 Apr

Tri-Contlnental
■

Apr

35

10% Mar 29

Transue & Williams

{

,5,300

17%

>

-No

8%. Jun
45

Mar 17

6% Feb" 11
11% Jan

,

31.000

32%

17

■

49

Axle——10;
/Timken Roller Bearing——-No par
Transamerica Corp—
,-2
Transcont'l & West Air Inc.———5

25,400

'

,

3

12

Detroit

Timken

150

10

10

17

8,300

93/4

98

*95%

10
'

,
'

16,200

V

32%

6%

11%

15'%

253/a

*102

*92

2,500

223/4
105

32%

•

103%

6%

V

24%

243/4
32%

*102

2%

5

Jan

45% Feb

Thompson Products
-_-_No par
Thompson-Starrett Co—i—No par
$3.50 cum preferred.,——-N< par
Tide Water Associated Oil—— .,,10
$4.50 conv preferred.,:
No par

1

49%

4%

Thompson (J R)

1,500

:

.

29%

15

!

Jan

$ per share

59/4: Jan

8% Mar- 6

7

4% Jan

Highest

$ per share

$ per share

42

9

Thermoid: Co...——
.—-10
$3 div conv preferred.—;
—No par
Third Avenue Transit Corp

•

B.100

43%

*16%

16 3/4

163/4

24%

600

$ per share

Par

•

The Fair........—1
■ Preferred—,—

-

600

493/4

20%

*95%

5

93/8

15%

10

15 Va

104

-

410

;

16%

"

,

Lowest

Highest

Lowest

VTalcott Ihc (James)-..—
50
5%% partic preferred—...
5
Telautograph Corp——
5
Tennessee Corp:
;
25
Texas Co (They—j
—
_No par
Texas Gulf Producing..——
._No par
/ Texas Gulf Sulphur.——
—10
.
Texas Pacific Coal & Oil—
,■——r.l
Texas Pacific Land Trust-i;
—100
t
Texas & Pacific Ry Co—
—No par
Thatcher Mfg Co———
-No par
,-$3.60 conv preferred::—

21,100

29%

963%

10%

"

49%

0

43/a

96

22%

15%

105

9%
21%

4%

'42%
2%

21%

15%
105

21

20%
*15

■

.

v

2%

21%

"

9%

10%

97

9%

23/4

29%

96

953/4

31%

•

49%

9%

20 Va

14%

29%

-

9%

12

43

«

380
400
10

12

*-43/4

5

12%

4.100

"

223/4

49%

29%

48%

9%-

5

2%

105%

48

6,700
1,700

•

47

46

46

*12
423/4

15%

9%

8%

*45%

42%

V

22

,

110

110

8%

105%

29

4

8%

15

47%

9%

8%

105

9%

9%

*108i/2

8%
110

12

2%
■

*47%

28%

*8%

15%

15%
105

105%

1053/a

106

*23

8%

.

2%

22%

*8

9,100
.

•

551/4

5%

*'4%

4%

2%

12
42

22 %

55 y4

5.900

23

22

55%

46

46

11%

43/4

22y2

22%

55

8%

12

*11%

22 y4

22%

111%.

8%

46

22

55

8%

42%

•"

22 y4

*109

■

8%

46

46

43/4

5

*105%

112

-

6

22%

8%

8%

8%

8%

8%

42

*109

112

*109

8

■

8'/4

8%

*73/4

112

700
2.300
11.300
V 5.800

5%

47%

33%

*11%

5%

5%

5%

5%

8%

1.300
250

'

.5%

5%

*43/4

8
48

10%

5%

*45

8
48

47%

47

7%

8
48

5%

10%

46%

109

*7%
47%

10%

10%

46%

*7%

7%

47%

10%

46 V8

*."'■•.•'!

Shares

$ penr share

Year 1043

Range since January 1

NEW YORK STOCK
EXCHANGE

,

the Week

5%

*10%

*54%

iG

—

48

*5%

'

$ per share

$'per share'-

'

June

June 15

June 14

Sales for

Friday

Thursday

Wednesday

t pdr share

'

Range for Previous

STOCKS

HIGH SALE PRICES

Tuesday
June 13

Monday

Monday, June 19, 1944

FINANCIAL CHRONICLE

THE COMMERCIAL &

2538

4%

93/4

Jun

Jan

773/a

Jun

113/4 Jun

6% Jan

13

Jun

16

11% Jun

16

Oct

Jan

67

12% Jun

6

34% July
101

U
58

*56

11%

11%

11 Va

y4

80

79%

80 y8

80

:

-No par
Union El Co of Mo $5 pfd—No par
Preferred $4.50 series
No par

Union

130

116

*115

116%

*114%

116%

*114%

116%

*114%

1163/8

113%

*113%

113%

113%

113%

113%

113%

11334

1133/4

130

19%

19%

19%

18%

19%

19 y*

19%

8.000

110%

110%

111%

112%

112%

27

27%

27%

27%

113

113 %

*112%

113

*21%

21%

21%

114

*64%

x65

*23%

24%

1%

iy4

1%

-

1%

1%

-

*23%

33%

34

33%

34%

33%

15 y4

15%

15 y2

15%

33%

15%

*101%

102

102

9

9

9

*27%

83

7y4

7%

*7.

56%

57%

*56

9%

9%

9%
28

28

28

28

28

28

*82%

7 y8

9%

56%

57%

15%

*102%

103

*102%

,

.

57%

7

7

*6%
57

i 102 •

1

1%

34%

15%

21%
*113

28%
*21%

21%

13,100
30.900
500

*

600

21%

I.-,

114

*113

114

70

103

7%

*23%

24%

200

1%

1%

34%

34

34%

15%

15%

16

*55%
,

9%
28

102%

103

7%

57':-

28

21%

103

,

9%.

800

15%

15%

65%

33%

34

65%

1%

1%

65%

24%

24%

'

7%

7%

"29,700

l3/8

12.100
:

103

2,500

7%

28'

9%

470

3.700

9%

28%

9%

28 y2

United Engineering &
United Fruit Co——

2,500

-

84%

4,800

1%

1 %

1%

1%

1%

1%

1%

1%

1%

1%

1%

1%

•26,900

14%

14%

14%

14%

14%

14%

14%

14%

14%

14 y2

14%

2,400

34%
103%

34%
103%

34%
1033/4

5%

53/a

5%

83

82%

„

'

32%
103 y4

103%

5

5

5

:

103 %
5

9%
*103%

104

34%

103%

5%

104

104

104

15%

15%

15

15%

;
15%

77

77

78

79

81

'

*

174%

*174

103%

12

46%

13

*47

36%

36%

174%

174%
12%

13

47%

12%

12

46%

36%

174%

*174

16%
82

,

47

47

37%

37%

37

6%

6%

6%

*6'/a

6%

*6V4

22%

22%

22%

*110%

113%

*110%

113%

*110%

6%

6%

6%

6%

6%

23%

23

23

'

113%.
6%

34%

*34%

103%

*101%

5%

5

*103%
i6 y4
x81

X173

12%
*46

37%

*6%
29

*110%
6%

9%

9%

9%

33%

34

34y«

34%

33%

43%

43

43

*43y4

43%

x43%

38 %

38%

38%

38%

38%

57%
73%

54%

127%

127%

24%

24%

*45%

46 y4

3%

3'%

3%

3%

3

3

25

12%
*46

37%

12%
47%

38%

12%

1733/4

38%

12%

6%

6%

23%

23%

113%
6%

9%
34

43%

38%
1%
51

137% 137%

*110%
6%

9%
33%
*43%

*38%
1%
50%
137%

113%
7%

9%
34%

*110%
7%

9%
34%
*43 %

45

38%

39

1%
51%
138

1%

51%

•'*

733/4

3%

3%

128%

129 %

25%

6,100

46%

40

128%

129
25

24%

24%

24%

46 y4

45%

45%

*45%

3%

3%

4

34%

70%

71

3%

3%

3%
3%

3%
3%

25

46%
3%

3%

95

95

96

97%

xl6

16

15%

16

4

4%

35

35

70%

73%

33/8
3%

4%

4%
35%

73%

4%
*37

Co—

—

preferred,.,

S

167

167

*166

167

*166

*166

167

.

19

19

19%

20%

20%

21%

20%

20%

20 "

20%

20%

—20

«—

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

$6

42%

43

43

43 %

43%

*42%

43%

43

43

44

44

*118% 119%

*118%

119%

13%

14%

45 "

45

,36% Jan

25

17%

Jan

-j

42%
*13%

44

*75%

13%

13%

*42%

82

119%
13%
45

44

*75%

13%
'
45

14
45

*75%

*77

82

85

*79

85

*79

22%

*22%

22%

*22%

4%

*4

*57%

58%

58%

114%

ll4y8

58%

4%

58%

114%
46%

46

38%

*37%

38%

*37%

33%

33%

33%

59%

—a,

22%

22%

4%

4%

4%

58

113%

;

59

57%

58

''4

114

113%

114

45

44%

38%

37%

37%

34

33%

*37%
*33%

38%
34'

119

*113

119

*117

119

160

*143

160

*150

" 160

*37%
34

-

58

'
l

117

117

*116

119

119

160

*150

160

*150

.

.

740

•

Va-Cafolina

38%

Jan

66

July

5'/a

Jan

9%

Jun

76%

Apr
Sep

2% Jan

3

Dec

15% Jun

8

Feb

.

8

Jun

2'/a

Jun

2%

16%

Jan

293/4

99

3

39% May

19

Dec

Dec

100

Dec

3

,

104% Feb

21

9

•

143/4 Jan

:

5 % Jun

16

3%

Jan

11% Jun

16

43/4

Jan

104% Mar

84%

Jan

21% Feb

1
17

83% Jun

16

59

Jan

753/4

Oct

Mar 13

168

Dec

181%

Apr

3

.

Mar 28

10
8% Jan
4
Jan

5%

Apr
f

13

Jun

12

5%

48

May 20

393/4
4

Jan

112% May 31

'Feb

7% May 27

100

*

VlrglniaiPRy Co

1

6

35% Apr

.18

Jan

52% Feb

13'.
j 7

May 25

69 '

i\ 50% Apr
xl 193/4
22

i

44%
2 34

2%

2% Jan
52 % Jun

16

130

Dec

Jan

62

May

73% Jun

14

56% Jun

16

129 y4 Jun

125

j

July

Apr

20% Nov

29

50% Aug
33/4 July

4

4% Jan

363/4 Apr
Feb

75

169

.1%

88

Dec

203/a July
6% July

2%

Nov

Nov

.

59%

Jan

/

41% July

75% July
165% Nov

Jan

150

15%

Jan

Jan

.

25%

3

25% July

;

8%

16

Jan

-

Jun

119 % Jun

12

14'/a Jun

12%
37%

Mar

40%

Dec

t

SI

Jan

120

1

115

■

.

11% Mar 17
44

Oct

Jan

30%

'

16

Feb 25

•

Oct

3

3/4' Jan
13%

18

10.

Jan

56

21% Mar 16

4

Feb
Oct

Oct

14

47

41%" Jan 25
63% Jan ;15
Feb

70

21% Jan'

;100
.100

Feb

4

52

7
4

Feb ' 9

113% Jun
38% Feb

14
17

16
Apr 19

37% Jun

149

Feb

V$ % preferred—100

40

Jan

3

102

,

Jan '

Mar

'8

'3
80
May 31
23% May 29

•73*

11

100

Preferred

Nov,

593% July

,

42%, Jan

12% May 15

'

74

,

16

29
3% Jun 16

116% Jan :28

*

Jan

23

3% Apr

9% Jan 1 4

.,

Jan

48% Feb

Apr,27

Jan !

Jan i

;

25% Jun

' Jan? 4

37

64%

47%
112

16

4

173/4 Jan

No par
2.50

Sep

Jan

6

Mar 20

Jun

46%

46

'

162

July

33/a May

101

15

3V4Jan

42

16

68

1

37% May

59% Jun

31

.1

Jun

44%

t

Jan

25%

Oct

9%

142% May 18

17% Jan

14%'Jan

.

\l Jan

20

97% Jun

'33

preferred..
aL
Vulcan Detinnlng Co

Jan

6

393/4 Mar 18

Jan 18

76

No par

:19
Jan 27
May 18
Apr 26
Jan 28
Apr,« 5

__29
—25
;100

fo

Jan

16

Mar

46

.130

Irofct Coal & Coke 5% pfd—100

Jan

29%

,35% Jun

3

40% Jan

c'

/$ % ,dly partic preferred—

29%
32

16

Apr

8% July

Nov

9% Jun

-No par

VajGl^ds, Pow $5 pref..,,
Va

8%

24
25

303/4 Apr -19

.:.

73/4 Apr
114

43/4 Nov

8% Jan

7

1.

16

5% Apr
.

,

Nov

19%

4

Jan

Jun

8

Oct

44%

X42 3/4 July

Jan

108

Julj

10%

Jan

13%

May 2.0

24

Dec

19

;

Jan

Jan. 19
3
10

5l

99 %

Jun

30

13% May

;

9'/» Jan

39% Mar 13

16 Va Jan

110

180 ;

24

34% Apr
...

7

Jan,

42

.

5

Chemical

?

30

6

60 % Mar

Feb

100
V5% non-cum preferred.^——100
Victor Chemical Works.
i—5

140

160

Jan

13

4

1st

1.000

.

119

*150*

■*

9

Jun

l%Jun. 3

Vicks Shreve & Pac Ry_i

'

3,200

'

Jan

84

14

1

!

900

33%

38%

'

.3,100

44%

45

2%

12

40

preferred.
:
100
VfertientesrCamaguey Sugar Co_6V2
Vlck Chemical Co_..__
——5
7%

:

4,400

58

113%

16

35

2,

.No par
25

Van Raalte Co Inc....

,1,000

j

Dec

233/4 Nov

75% Jan

5

;

20

4%

114

46%

*143

22%

22

Sep

96

6

Feb

100

—

conv

Van Norman CO.——

1

15%

Dec

Jan

L

preferred,/:,
Stookyards Corp
*

noh-cum

Vanadium Corp* of Am

800

45

Jan

29

par
10

.No par

—,a,——a—,,

'

13%

7%
943/4

6

50
—

•'

*79

*79

22%

*46

*113

13%

Sep

16

593/4 Jun

—50

3.600

*753/4

Jun

353/4

15

•10% Apr

—

preferred

13,000

*118% 119%
*44

4%

34

34

45

22%

46%

*37%

34

4%
114

114

46%

114

47%

*46

4%

4,

23

13%

*44%

119%
13%

*75%

*79

*79

*22%

*118%

Jun

2% May

Jun

.

6

,100

.No

Preferred —j——.
: No par
Universal Leaf Tob—— .No par
——100
8% preferred,.

'

119%

120

Jun

69%
x26

7% Jun

'

*119

114

Jun

16

103

4
5

f

Jan

8

...

preferred
Universal-Cyclops Steel Corp
Universal -Laboratories: Inc.

10

11

Jan

,

26% May, 5

10

—i

United Stores class A

90

213%

10

Ik

/ 45% Apr .19

1

Co

non-cum 1st

7%

290

167

26

95% Jan
6
Feb

.

•

*165%

3

1% Feb

,

19
12% Apr ,18

.100

—.10

■■—a—i.—

Rubber

United

2,400

73%

No par

—.

U S .Tobacco Co., a a———

1.400

4%

Jan

1% Jan

..No par

Preferred

700

163/4

18%

31% Apr

5

1

Tt S Steel Corp

31,300
•

38

73%

•

'1,900

33/8

■33/4
96

X96

16%

35%
73%

*453%

—

U S Smelting Ref & Mitt
'Preferred —4.—

4,000

128%

S Leather

8%

'80.100

167

*165%

U

200

56%

128

;

JU S Realty & Impt

4,500

59%

55%

128

-No par

U S Plywood Corp——.

733/4

<

—

700

59

21

4

U S Playing Card Co—

73%

57

Jan

22

;

10

Partic & conv.cl A

>1,300

,

,

U S Pipe & Foundry

25,700

52 %

Co

300

8.800

138

138

26

77/a Feb

Prior

Preferred

'

1%

3

preferred

4,200

38%

-Jan

22% May

Jan

97% Jan

U S Lines Co—

'4,300

,!;
{»•'

Jan

55'/a

22

Jun

33% July

Jan

109 %

70

*

108,100

9%

:16

5

170

U

2,700

35%

18
13

Jan

4

.No par

u50
5% % conv preferred
U S Industrial Chemicals... .No par

113%

45

Jan
Jun

68

:

100

/

8

Jan

114

61

May

114%

Jan

173/4

May;, 5

110
;

,20

7%

400

6%

23%

93%

16

Mar 23

20% May,

;.

-No par

1st; preferred—.

U S Hoffman Mach Corp

100

6%

11

Oct

28% Mar
40

113% Jun'14

19

28% Jan

U 8 Freight

4

23%

22% Apr; 18
102% Jan

Jan

28% Jun

106'

24

1003/4 Feb
,

97

24y»Jan

x24% Nov

U S Gypsum Co

-3.200

6%

9

983/4 Jan

150

393/a

25

Feb

30% Mar 13

—1

$6

5,400

473/4

*46

231/4

25%

'

*45%

4

167

37 y4

173%

55%

34%

70%

47%

173%

59

16%

70%

12%

*172%

54%

16%

70%

*70

173

Apr

28

100
10

U S & Foreign Secur—

3,800
'>

58%

16
4

83%

Jan

98"

Oct

223/4 July

102% July

...

•14.400

173/4

81%

*72%

15%

35

17%

8iy4

73%

95

4

104

104

17%

80%

55

95

*34

104

16%

81%

79%

1

preferred..
United Faperboard

130

16%

3

.

Feb

Apr

114%

Jan

6

■

25% Jun .6

No par
13%,

L

Jan

15%: Jan
80 %

Jun

26

i_No par

—

5%

II,700

11%

—;

IO53/4

16

lliy2 Jun

July

xll8

Jan

92% Feb

United Merch & Mfrs Inc.

5,100

58 %

93%

-4

*103%

11%

W i

220

73%

93%

35

*3%
*34

50%

104

11%

93 % Jan
,

.Fdy——*—5

United Gas Improvements

8,400

54%

58 y4

15%

*15%

-1%

11

:

55 %

93%

*92

38%

11

5

83%

83%

73%

57%
*72

54%

127%

46%

2%

50%

137%

52%

24

3%

49%
136%

57%

127%

23%

49%
136%

*72

73%
52%

*45%

1%

48%

57

56%

52%

1%

136%

48%
138

*71%

1%

1%

1%

48

127%

38%

'

1%
*135

9%

9%

9%

83%

34%

34

9%

33%
*41

83%

*101%

10%

11

10%

10%

10

10

33%

103%
5%

34%,

33%"

32%

103%

83%

84

83

,

86% May

•19% Mar 17

3

.

113/4

Dec

113

113% May 26

5

18% Feb

—5

Co——*—,*

Drug

■',$4.75 preferred .iv——No par
United Dyewood Corp..
—1
Preferred
—100
United Electric Coal Cos.
...5

700

£6% /58

56

non-cum

United

15,900

14%
.

preferred—.
—No par
United Aircraft Corp——/
_5
5% conv preferred——
—100
United Air Lines Inc
—10
4%'% preferred ———,100
United Biscuits Co—;—aNo par
■5% conv preferred—
100
United Carbon Co—
iNo par
United^Carr Fast Corp—±.No par
United Corporation,
--—No pare
$3 preferred—**
No par
4%

•■'1.300

113%

113

113

28%
28%

65%

65%

*24

1%

24%

103

109% Feb

59

Jan

'

Union Tank Car

2.000

103%

: 27%

28%

113

—1-25;
100
-100

Union Pacific RR Co—-

4.700

-

Carbide & Carb—

Union Oil of California—,

■1,400

97
27

27

103

103

21%
114

*113

66

-

*96%

•

28

27%

103%

27

24%

*23%

27%

103

27

114

66

*64

65 y2

*64

97

27

103

113

21%
114

*113

96%

27

26%

113

21%

21%

*20%

109%

97

27

27%

27

26%

"

*112%

113

*112

26

r

25 %

110

96%

102%

103

103 :

103%

24%

27%

27

26%

26%
*103

2,6%

26%

26%

26 y4

26%

109%

96%
27'

96%

97

97

110

109%

109%

109

14

13.600

18%

96 %4

116% Apr

81

113%

109

19

80%

116

96%

Feb

79%

80%

7

Jan

X76s/a

6

21,800

18%

108%

82% Jan

113/4

113%

19

25

11%

116

19

763/4 Feb

11%

18%

116

9% Feb

42
8

Papers—.No par

XI1%

Union Bag &

*113%

62

51% Jan 10

Co—No par

Under Elliott Fisher

-2,100

•

'

4

■

Apr

5% Mar 24
62% Mar 24

115

:

'

57

20% Nov
2%

<7

39% Jan

15

••

Jan

»

20%

Jan

r

27

Jan

i

29% Jan

•343/4 Jan

6

4

Jun

16

80

Jan

14

154

Feb

28

113

Jan

:

Oct
Aug

"26%

Feb

6% July

Jan

39

119

65

67% May

May 30

■52 / Mar

44%
v

Feb

i

68% July

45~

Oct

40

Oct

353/4 Sep
110
Aug
150

Nov

w
49%
11%

28%

*105%

109

12

11%

*28 %

50

51%

12'/a

49%

49%

12

*28%

28%

29

*105%

110

*106

Wabash

RR

12 %

900

Waldorf

System—'

29%

400

Walgreen Co—
4% % preferred

50%

51%

50

51%

51%

52%

12%

12

12

12

12 V8

12%

29

29

29

*29

110

*106

110

►106

51

51%

*51

51%

51%

51%

*18y4

18%

*18 %

18%

*18%

18 34

*18%

8 3/4

8%

9%

9%

9%

x8%

51%

2.000

51%

29%
108

*29 %

*105%

;

108

51%

51%

51%

51%

51%

18%

*18%

18%

18%

18%

800

9%

27,400

4,200
-

For

footnotes

9

see

page




2539.

9

8%

9

9

4

^

—No par
—No par

103/a Jan, 19

100

1053/a Mar 27

No par
■Div redeem preferred..,—No par
Walworth Co.—
No par
Walker

(Hiram) G & W

26% Apr
48

1

Feb " 4

17% Jan

12

7% Jan

3

59% Mar 13

12y4 Mar
30

May

1063/4 Apr

8

25
13

24%

Jan

'7%, Jan
20%, Jan
103

Feb

40%

Dec

11% May
28 %

109

Jifly
Jun

Oct

Mar 31

38%

Jan

54%

183/4 May 26

15%

Jan

18% May

13

4%

53'

9% Jun

Jan

93/4

Jun

Volume

159

THE COMMERCIAL & FINANCIAL CHRONICLE

Number 4291

NEW YORK STOCK
LOW

AND HIGH

Saturday

Monday

Tuesday

June 10

June 12

SALE

June 13

$ per share

*9%

$ per

10

1%

*9%

9%

10

1%

1%

58

58

58%

59%

12%

12%

13%

13%

13%

28

12

28 %

29

29

29

1%

%

28

1%

*1%

10

1%

9%

1%

*58

June 16

$ per share

*28 V4

29%

1%

1%

58%

13%

13%

55.600

29

30

30

58%

,

Range since January I
Lowest

2,400

Warren Fdy

2,100

50

23%

*23

23%

23%

23%

23 y4

23%

*227/a

23

23

23 %

60O

17%

18

17%

18

17%

18

177/a

18

18%

18%

5,100

27%

27%

28

28

28

28

28

28

28

28%

1,500

8%

8ya

82

8V4

8%

9%

8%

24

x24

24

24

*80%

81%

81

81

24

24 y4

25%

24%

x9

24 y4

82

23%

82

25

24%

23%

8%

237/a
*80%

23%

23%
*80%

23%

23%

8%

8%,

8%

23%

*80 %

88 y2

88%

88%

88%

88%

88%

88%

88%

88%

88%

101%

102%

102%

101%

101%

101%

101%,

101%

101%

92 y4

92%

93%

*92%

116 %

116%

93
*116%

20 %

*106 %

116 Va

21

116%

21

107%

93%

,

21

21

*106%

107%

92%

*116% 116%

116%
21%

*106%

93

x20%

21%

21

107%

107

34

34%

1%

100

6%

;

150

West

?

4,300

,-•.,

20

117%

23%

21

21%

*106%

107

33%

34

*

31%

32

31%

34%

34%

35%

33%

33%

4

4

3%

4

4%

4%

4

4%

4%

4%

*10%

11%

11%

11%

11%

12

12

11%

4%
12%

12

46%

46%

47%

47%

47%

47%

47%

47

48%

47%

48

26 %

27

27 %

27%

27

27%

26%

27%

27

27%

"27%

27%

23%

23%

23%

24

23%

24%

23%

24%

24%

24%

24%

24%

100

*11

100%

*134%

100 %

136

*26%

27%

%'

*26%

*60 %

27%

100%

64

4%

101%

101

102 %

137

*135

136

136

*135

33

33

267/a

27%

6% Jan

Penn

A*—No

.*26%

27%

*26%

27%

109

109

109

109

102

1017/a

102

102%

102%

*60%

64

*26%

Power 4%%

109

80

$4.50

103

620

$4.25

*6oy4

64

101%

102

23%

24%

24%

24%

24 %

24%

24%

24%

75%

75%

74%

75%

75

76%

•76%

77%

77

77

*19%

,19%

20

20

20

26%

26%

27

*9%

10

*

7%

7

*19%

7%

,

83

*81

83

*26%

27%

*26%

20

28

27%
9%

9%

85

27%

27%

20

9%

,

7%

' 7%

.

90

"85% Jan

3

100

113% Apr

16% Jan

8

8

8%

8

12%

12%

15

IS

15

7%

*81

*26%

27%

103

11%

15%

15

8%

8%

12%

11%

12'A

12

14%

14%

15%

15%

17%

8%

8%

29,300
'

83

27%

i

8%

T5%

*

*15%

15%

15%

15%

15%

*15'A

9%

9%

9%

9%

9%

9%

9%

9%

9%

9%

9%

*87%

88%

88%

88%

88 y2

88%

*88%

88%

88%

88%

88%

89

*12

12%

12

12

12 Va

12%

12%

22%

12%

12%

12%

12%

.

*123

20%

20%

39

38%
28

28%

*101%
100

63%

*90

83%

64

(

65

*64

65

*70

71%

*70%

71%

*65

66%

•

,

.

•

10%

10%
37

21%

21%

40%

40

40%

40%

41

28%

28%

29%

'"'29%

30

*99%
100
64

*63

65%

65%

*66

72

72

*72

67%

*66%

32%
11%
18%
37%

33%

*32%

11%

11 Ve

11%

18%
38%

18%

19-

32

33

33%

10%

11%

11%

18%

18%

18%

37%

38%

37%

38%

.101%

100%

101%

100%

15%

15%

16%

15%

16%

16%

38

38

38

39%

39

39%

39%

40%

39%

5%

5%

5%

•Bid

and

5%

asked prices) no sales on

this day.

tin receivership,

a

Jan

10O

Jan

136

Jun

Jan

40

July

No Par

25% Jan

13

29

Feb

22% Nov

105 % Jan

12

101 % May 26

U8

Feb
Feb

No

5

5

-

11%

11%

<11.500

38%
39%
101% 101%
16%
16%

;40,000
j
360
t

8,400

41%

8,000

6%

14,500

n New

Mar

60

Apr

Jan

99

Oct

18

Jan

24% July

78

Jun

16

58% Jan

71% July

20% Apr
27% Jun

19

15

26

Jan

20

6

13%

Jan

Mar 23

11

3%

Jan

22% Aug
10% July

2%

Jan

7% Jun

16

13

Jan

86

Apr

13

X20%

Jan

27

Oct

14

9% Apr

40

5

2%

Jan

Feb

3

15% Jun

16

2%

Jan

6

18% Jun

16

16% Jun

2

Jun

5

8

Jan

3

10

Mar 10

No par

80 y4 Jan

4

89

Jun

-10% Jan

5

12% Jun

14

100

4%

16

_10

6% July
9% Jun

Jan

57%

9%

Sep

Jan

86%

Oct

9

Jan

11%

Apr

115

10

(Del)

Oct

Jun

pfd

Jr

7%

85

27% Jun

;

I

Jun

24

12

Jan

19% Apr 27
3
36% Jan

22% Jan 25

17%

Jun

16

30%

Jan

4

30

Jun

16

16Jan

101% May 26

105

Jan

96

121

Jan

41

20% Jan

10

Dec

24% July
42% July
25% Oct

27

104

Dec

149

Jan

12

Apr

28

100%

Oct

134

Sep
Sep

47% Jan

5

65% Jun

15

44%

Jan

54

Jun

49

Jan

5

66% Jun

46

Jan

57%

Jun

69% Jun

8

94
~

'58

Yale & Towne Mfg. Co
.28
York Corp
*
1
Young Spring & Wire
No par
Youngstown Sheet & Tube—No par
5%% preferred series A
10«k
Youngstown Steel Door
No par

26.000

19%

Deferred delivery,

52
85

67% Mar 22

,27

6

No par

(F W) Co

Jun

May 18
25% Jun 16

11% Jun

,

112%

4% Jan

1

Motors

(called)

Co

Jan

Jan

24

20

(Wm)

Jan

106%

29% May

16

103

7

x64% Jan

par

1

Jun

July

1

87%

Mar 14

78%, Deo

Apr 26

70

Jan

12

58 Ve

Jan

70%

Mar

6

S3 % Jun

13

21%

Jan

31% Sep

Apr

25

11% Jan

31

—

Jan

3

19% Jun

16

Apr 24

39% Jun

16

30

2

82

108

Apr

Sep

lAi

1 1,800

19 v

6

103

7% Jan 24

—__1

preferred

16

109 y4 Jun

7

20

—1

No par

preferred—

■!

33

39%

Feb

81

No par

6%

5%

24% May

31

No pat

40%

5%

5%

5%

5%

100

Jan

120

Wrlgley

:

15%

101

15y2

16

8

Wright Aeronautical

t

15%

Dec

24% Jun

Apr 24

16

400

38%
101%
16%

101

24%

Mar 16

500

30O

32%

15%

Nov

Jun

260

*65%

38
101%

101.-

"

11%

18%

22

Jun

*

65

■

" :

Oct

.29% Mar 22

35

66%

33

32-

Apr

20

104

67%

67%

■65%

Apr

136

73%

73"

67%

6%

49%

7

'■", 66%

67'%

72

100

*64%

'

Dec

11%

28

Woolworth

6,500

Oct

Sep

31%

8

73

65

71%
■•*67

t

110

4

Woodward Iron Co__

1,400
19,900

■

Jan

Oct

66 % Jan

$6 preferred

"

*89

<<■

65%

67%

65

67

l:
"

•

Jan

19

Jan

32

12.50

preferred

preferred

16%

Jan

103

5% Mar 22
14

7

conv

11%

4
13

Jan

3

Wilson-Jones

*99%
100

*89

64%

21%

16

Jun

5%

127% Mar

Worthington P & M (Del)—No par
7% preferred A
1
100
6% preferred B
100
Prior pfd 4%% series
100
Prior pfd 4%% Conv series—100

*99%
100

*90

64

x21%

';;■

18%

36%

21%

28 y4

66

31%

17%

21%
39%

28%

23% Jun

Oct

119

No par
No par

Wisconsin El Pow

39%

%

Jan

Apr
35% Jun

19

1,000

109

Aug

22% Jan

Conditionally called.

2,200

•

87% Oct

Jan

Wilson & Co Inc

14,500

Jan

2%

20 % Feb

6%

-

21%

28

*90

100

*62%

*64

31%

<

*101%

*101%

*90

*123

20%

39%

27%

*123

9%

99

57

107

7

97% Jan

800

-

39

20%

38%
27%

16

*123

*123

*123

*20 Va

15

,

*

Jan

37%

X91

Willys-Overland

6,500

Jan

67%

10

3

59% Feb

T 7,500

85

50 y8

7

Mar 22

50

Wilcox Oil & Gas Co

297,400

197/a

20% Dec

2

Jun

50% Mar 22

21

Instrument.^

conv

Prior

8%

26% July
79% Nov

Jan

10

100

$4

14%

■

»

Jan

Jan

Feb

7% Jan
41

100

100

187/a

8%

1

No par

170

.•

Feb

3% Jan
-

i50

White Rock Min Springs
White Sewing Mach Corp

5,100

July
8% July

May

117% Jan

26% Apr 25

No par

White Motor Co

13,200

7%

83

*26%

300

r,

•"if

10

7%

83

27%

,15%

8%

12%
.

20

9%

Apr

8%

96% Mar 23

4

•

No par
White Dental Mfg (The S S)
.20

930

27%

26%

1

No par

Wheeling Steel Corp.:
$5 conv prior pref

12,400

7

25% May 33
103

Auto

preferred
preferred

5%%

260

v

25%
78

*19%
•

*

11%

'■

77

27%
10

102

24%
„

83

*26%

102

9
3

Wheeling & Lake Erie Ry

50

65

64

.

19%

9%.

83

64

101% -

26%

27

7%

7%

83
V

*60%

101%

26%

9%
7ya

7%

*80

64
102

*101

26%

9%

9%

*60%

102

102

69

16

100

Westvaco Chlorine Prod__

103

23%

17%

5

83

par

No par

200

109

101%

16

Apr

Jan

partic- preferred

103

22%

Jun

83

96% Feb

pfd

Weston- Elec

109

109

*102%

2%

25

6

100

600
.7

Jan

15

26

Jan

-77

—100

Pulp & Pap, Co
preferred
7—

1st

10

3

22 % Jan

par

18% Feb

Westinghouse El & Mfg

9,200

,

*

109%

26

104

1027/a

-

••

26

9y8 Jun

Westinghouse Air Brake

13,400

Jan

16

Class B—

5,900

33

21 Ve

!-

' 140

33

33%

101%

*19%

-

Dec

17%

28% Jun

Supply Co
10
Western Maryland Ry
100
4% non-cum 2nd preferred
100
Western Union Teleg class A-No par

16.600

34

101%
136

33%

.

101%

*109

102

101

*134y4

33% ■33%'

109 y4

*109

100%

100%
136

*134%

32

32

,

Sep

20ya

7%

15

"

Western

1,900
2,100

12%

46'/a

23%

Jan

6

preferred
preferred

6%

5,000

Jan

19% Jan

West Va

'

15%
12%

22% Jan

25

"
•

7
4

25

15 y4 Apr

Sugar Corp..

West Penn Electric class

120

July
15% July

32%

22% Apr

No par
—No par

56

Jan

par
5

.—No

preferred

Indies

280

93%

116%

107

West

y
•

Eisenlohr

conv

»'

102

*92%

116%

$4

20,600

89

*87%

Webster

100

Jan
Dec

No

Jan

May
2% Mar

Jan

26

Mar 13
Jun

23

13

22

14
30

1

$ per share

Jan

%

3

Apr

14

Wesson Oil & Snowdrift.

3,700
>

25%,

*101

93

1167/a

*107

107%

81

24

101%

93 %'

125

4%

May 18

11% Apr 24

Washington Gas Lt Co_,

,34,600

9%

24%
*80%

2

62

22% Feb

Wayne Pump Co

*22'/a

9
27

Highest

$ per share

11% Mar 31

par

Waukesha Motor Co

27%

18%
28%

$ per share

27

Jan

Lowest

No

& Pipe

17

•

45

Pictures

*23

Jan

1% Feb

par

—.

...

preferred

$7

Warner Bros

8

Year 1943

Highest

$ per share

No par

Baking Co cl A—

Class B

800

13%

13%

Ward

1,000

58%

1%

58

13%

Range for Previous

STOCK

Par

30'

1%

59

13%

YORK

EXCHANGE

Shares

10%

9%

NEW

the Week

$ per share

9%

for

Sales

Friday

June 15

$ per share

*9%

58

*57 y8

STOCKS

Thursday

June 14

10

RECORD

PRICES

Wednesday

$ per share

share

2539

Stock,

Zenith Radio Corp—
Zonlte Products Corp.

96

13

.No par
1

s Special sales.

rCash sale,

27%
9%
14%
33%

Jan

Jan

6

102

3

Jun

16% Mar 16

33% Jan

3

41% Jun

16

3% Jan

19

6% Jun

15

wdWhen distributed.

x-Ex-dividends.

y

__

7%

17% July

Jan

41% July

Jan

9%

19%
2

.....

Jan

98

Nor

Jan

16%

Jun

Jan

37% July
4% May

Jan

Ex-rights.
■*r

Transactions at the New York Stock

Transactions at the New York Curb Exchange

Exchange

Daily, Weekly and Yearly

Daily, Weekly and Yearly
Stocks,
Number of

Railroad

United States

and Miscel.

Government

Foreign

Bond

Bonds

Bonds

727,170
2,330,920

$4,039,900
8,582,100
9,640,400

1,442,580

10,427,000

625,000

*25,000

11,077,000

1,850,614

11,242,000

696,000

1,000

11,939,000

2,517,340

13,377,100

662,000

29,000

14,068,100

11,105,404

Monday—
Tuesday
Wednesday

$57,308,500

$90,500

$60,649,000

2,236,780

—

Thursday
Friday

—

(Number

Sales

Bonds

V

Saturday-

Stocks

Total

Shares

Week Ended Jun? 16,1944

(

$20,000
15,500

$74,500
419,500

♦

$4,134,400

95,040

....—

Monday

Bonds (Par Value)

Foreign
Domestie

$355,000

Government

327,090

797,000

18,000

*$1,000

816,000

828,000

23,000

5,000

856,000

294,075

766,000

17,000

7,000

Thursday

348,960

660,000

12,000

3,000

675,000

444,675

1,162,000

11,000

5,000

1,178,003

1,966,690

$4,568,000

$93,000

$21,000

$4,682,000

Friday—

.u,

^

1

Total

Week Ended June 16
1944

1943

1944

1943

Stock*—No. of shares

S.

Government.

Foreign

—

—

Railroad & Industrial—-—
Total




Jan, 1 to June 16
1944

1943

1,451,000

$4,568,000

$4,365,000

93,000

175,000

21,000'

34,000

$89,041,000 $112,221,000
3,977,000
8,056,000
520,000
630,000

$4,574,000

$93,538,000 $120,907,000

5,082,070

112,348,805

163,730,428

$90,500

$91,800
1,588,000

$3,409,900
52,675,500

$1,497,100

Domestic

62,956,200

Foreign government

51,401,400

1,443,700,400

1,848,797,200

Foreign corporate

$4,682,000

27,693,950

41,477,217

Bondi

Bonds

U.

1943

790,000

1,966,690

11,105,404

Stocks—No. of shares

Total

$367,000

456,850

Tuesday.

Jan. 1 to June 16

Week Ended June 16

Foreign
Corporate

$12,000

Wednesday

10,413,400

$3,250,000

of
Shares)

Week Ended June 16,1944

Saturday

9,017,100

773,000

1944

'f

3,250,000
57,308,500

Total-

$53,081,200 $1,499,785,800 $1,913,250,500

$60,649,000

/.

Stock and Dond
Below

Averages

the daily./closing averages of representative stocks and bonds

are

-i

"ar

——Stocks
■

•

-Bonds—

'

10

f

30

20

11

Indus¬

trial!

Date-

Rail¬

roads

tlea

UtlB-

Total

10

65

Indus-

Stock!

10

,

First
-

Second

18

Grade

Grade

trtfli-

Rail!

tles

trial!

Rail!

Total
40

Bonds

142.53

39.31

22.95

50.65

106.80

108.14

81.08

110.65

101.67

June

12——

144.08

39.62

23.48

51.23

106.74

108.10

81.45

110.70

101.75

June

13

145.05

40.09

23.38

51.58

106.75

108.16

81.74

110.79

101.36

June

June

10—

.—

...

-

145.03

15.

June

16—

...

,

40.12

23.41

145.86

14

June

40.32

23.49

51.86

106.87

108.19

81.97

110.87

101.98

146.96

40.82

23.52

52.28

166.91

108.31

81.94

110.89

102,02

51.59.

166.85

108.19

81.86

110.81

101,93

THE COMMERCIAL &

2540

Bond Record

New York Stock Exchange

«»
FRIDAY

are

and when

the week,

The italic letters

Last

Interest

Stock Exchange

1947
1954
1944
-1950
1946
•1949
1946
•1952
1949
-1948
1946

Treasury 4'As
Treasury 4s

—

3%s

Treasury

Treasury 3'/aS
Treasury 3 VeS
Treasury

3s

Treasury

3s

Treasury

27/bS
2%s
2%s
2%s
2%s
2%s
2%s
2%s
2'/aS
2 V2S
2Vis
2Vis
2'As
2Vis
2Vis
2%s__.
2 Vis —
2 Vis
2Vis
2 Vis
2 Vis
2 Vis
2 Vis

Treasury
Treasury

Treasury
Treasury
Treasury

Treasury
Treasury

Treasury
Treasury
Treasury

Treasury
Treasury
Treasury

Treasury
Treasury

Treasury
Treasury

Treasury

Treasury
Treasury
Treasury

Treasury

1951 1953
•I960
1955
■1947
1945'
■1951
1948'
1954
1951'
1959
1956'
1963
1958'
1965
1960-

2s

Treasury

2s

Treasury 2s

2s
Treasury 2s
Treasury

l%s

Treasury

105.23

106.9

105

105.18

100.19

100.19

5

105

105

J-D
J-D

•110.15 110.17

J-D

a

•112.11112.13

111.20
102.24

MS

109.10 109.10

109.3

•111.18 111.20

111.9

111.11

J-D

*111.16 111.18

111.10

111.10

J-D

•111.23 111.25

111.7

112.6

102.29

103.9

J-D

102.29 102.29

*106.15 106.17

J-D

•106.30 107.1

M-S

A 6s

1950

106.24

106.24

106.16

106.18

M-S

•103.27 103.29

103.31

•103.19 103.21

103.21

103.22

J-D

•100.12 100.14

100.11

100.17

100.1

J-D

100

100

100.9

J-J

35

*101.30 102
107.11 107.11

J-D

100.5

York

New

M-S

4

57%

67%

57%

67

\ 73

39%

49%

34

37%

34

40%

(City)

1961

J-J

1970

A-O

1947
1946
1947

Jan

f $ bonds.

A-O

*39

M-N

*39

,

"47%

49%
—

__

36

70

25

59%

70

63%

66

19

57%

66

28

28

*39

69%

M-N

—

*101.17 101.18

*107

110

150

150

A-O

65

65

1

59%

J-J

79'/a

77%

80

13

F-A

77

74%

77

9

75%

71%

75%

100.21

100.13 100.13

100.5

100.17

100.16

5%s

gold

A-O

M-S

1969

A-O

1969

100.16

A-O

4%s

5'As

Customs Admin 5'As 2d series

5'As

1st

series

5%s 2d series
AEstonia

,

(Republic of)

(Republic) extl 6s__
French Republic 7s stamped7s unstamped

-

M-S

107'/8

104%

68%

*88%

112%
150

'■

-«u.—

65%

59'/a

65%

69

80%

71%

78%

92

67%

75%

86%

90

—

—

w—'

:I

93

*33

•?•*•

85

93%

84

93

38

:

'

IE'.

M-S

"2
,,49

93%

93%

,92

J-J

1967
1945
,1949
1949

7s

Finland

101.12

100%

139%

—J

A-O

1961

105%

7

t

106%

*65%

A-O

1940

105%

104%

11

•-

106

A-O

1942
1955

;

103%

*106'/a

'

J-J

1940

100.31

loT.i"

5%s

§A2d series sink fund

,

100.30 100.30

101.10

wks

5

*104'/a 108
;

1962
1942

101.9

*100.17 100.19

7s

§Alst series 5%s of 1926

101.19

101.6

*105.11 105.13

(Rep of)

External gold

101~8~

101.9

28%

21

J-D

Rica

J-D

*100.30 101

—

A7s

City

•

1980

Corporate Stock

•

J-D

30
—

—

~1

i03'A 103%

34%

90

103%

*90

*103%
—

part

A 6s

part

-1964

paid
paid

r22

-1968
A-O

99%
103%

101%

103%

*16

16%

21%

19%
91

62%

95%

—

16

99%

24%

16%

24%

96

96'A

89'A

98%

11%

96

12%

11%

*__

J-D

19

24 %

J-D

1954

(Prov) 4s readjusted—

Mendoza

*99%

4

*58

A-O

1954

6%s

(Colombia)

AMedellln

A-O
M-N

17

91

75%
62%

*

._1'»57

(State Mtge Bk) 7s

A Jugoslavia

19%

90

-.<S60

Irish Free State extl s f 5s

1

r22

18

(Republic) s f 6s series A. -1952
-I960
Helslngfors (City) extl 6%s__
Haiti

108% 110%

94

109% 110%

110'/8

J-D

10%

10%

10%

18%

Mexican Irrigation—
A4%s

assented

stamped
to

AAssented
AMexlco

Nov.

to

AAssented

Nov.

agree

to

to

AAssented

5, 1942,
1913 assent
Nov. 5, 1942,

Nov.

Wertheim & Co.
Telephone

120

REctor 2-2300

Teletype

(Colombia)—

Agricultural Mtge Bank

■

i'l;-

*57%

53

—1947
AGtd sink fund 6s
1948
Akershus (King of Norway) 4s
1968
AAntioquia (Dept) coll 7s A
1943
AExternal s f 7s series B
1945
A External s f 7s series C
—1945
AExternal s f 7s series D
1945
AExternal s f 7s 1st series
1957
AExternal sec s f 7s 2d series—1957
AExternal sec s f 7s 3rd series__1957

F-A

A-O

22%

22%

external 5s
1958
Argentine (National Government)—
S f external 4%s
—1948
S f conv loan 4'As
1971
S f exti conv loan 4s Feb
1972
S f extl conv loan 4s Apr
1972
Australia (Commonw'lth) 5s of '25-1355
External 5s of 1927
1957
External g 4%s of 1928
1950

J-D

67

68%

AGtd sink fund

A

6s

(City)

Antwerp

A-O

MS

•>

■

mm~m

'

25%

External

17

25%

4s

17

21

17

25%

Oslo

22%

6

16%

22%

APanama

16%

21

30

16%

22%

Stamp

5

56%

71%

Ext sec ref 3Vis series B

A-O

\

•■;

-

99

Mil.

91

92

F-A

MS
M-N

91%

96%

96
96

96%

90%

91%

■

,

■

91%

101

M-S

101

J-J

101'/a
102

102

J-D

.1941

J-D

■

.

92%

ANat Loan extl

92

92
88

91%

100%

101

3

100'/a

102

102%

102

1

101

62%

59%

63

84

50

APorto Alegre

.1951

A-O

60%

57%

60%

108

47%

60'/a

57%

61

88

47%

61

.1952

J-D

62%

62%

74

49%

62%

M-a

,

92

96

.1958

J-D

100

*__
__

96

100

F-A

.1950

59%

100

92

"

95%

1

■-

,

sec

M-S

95

95

M-S

84%

86

53

72

86

,1970

F-A

85

85%

44 /..

72%

External readj 4%-4%s—
External s f 4'A-4%s

A-O

85

85'A

36

73%

.1975

M-N

88

88'A

73%.

.1984

J-J

61

61

30-yr 4s_

.1960

A-0

.1961

J-J

.1907

J-J

.1968

M-N

3%

f 4Va-4%s

83

88

85

M-S

5

94%

94'/8

—

10

88%

5

104'A

105
—

"

40

38

.

27

.

*93

84%

—

h'

mm

--

__

24

22%

24%

J-D

23%

21%

23%

25

i
...

-

3

.

50

A7s

municipal

40

21'%

23%

23%

57

I

16%

25

16'A

24%

147

17

24'A

26%

2

28

32

—1968
1950

A-O

23%

23

23%

2

12%

26

J-J

29

247/a

29

9

14

30%

J-J

23%

24%

7

12

26%

J-D

41%

43%

9

36

43%

J-J

41

42%

;i6

28

A-O

42%

gold

1926

-1948
1968
1960

1967

28

"7

101% 102

100 %

loan

Santa Fe external sink fund 4s

3%s.

25-year

30-year 3s
3s.

30-year
2%s
3s

3s

Jan 15 1948
Jan 15 1953

-

—44».-

Jan

—

ACarlsbad
A Chile

(City)

(Rep)

15

8

<^7s assented.

A "a

AN
A Extl
A 6s

6s

assented
s

M-N

.1960

39

37'/a

39

35

42%

30

39

23

39

A-O

Feb 1961

For

Sep

1961

MS

Sep 1961

M-S

.1962

page




103 7/a

102%

45%

46%

37%

36

37%

33

29

37%

M-N

41'%

39%

41'A

49

34

41%

J-D

41'A

39%

41%

10

34

41%

MS

93

92%

93

51

81%

93

A-O

1964

103%

1047/a

10

101%

105%

2544.

A-O

Financial Institutions

103%

104%

11

' 104

18

18

36
18

"I

FOREIGN

17%

65

16%

,18%

1

18%

19%

16%

17 %

29

16%

19 %

17%

19%

16%

FIRM TRADING

H-

__

20

20

19

16%

17%

16%

17%

15

16%

19

17'A

17%

1

17%

17'A

16%

17%

20

16%

19

17%

19

17%

16%

17%

25

16%

19%

;

,

19

—

■

.

,

:

PARI MARKS S. r.O- WC.
FOREIGN SECURITIES SPECIALISTS

19%

17'A

MARKETS

19%

*

—

SECURITIES

19%

16'A

17'A

001

35

18

18%

17%

16%

A-O

.1982

see

103%

101'A

J-J
J-J

assented
footnotes

F-A

1961
1961

AExternal sinking fund 6s
A 6s

1961

Jan

assented

101%

3

*30%

F-A

Jan

sinking fund 6s

18

19%

46%

46%

J-D

106%

A-O

.1960
Feb

I 6s

assented

104%

M-N

.1942

sinking fund

A]fty external

J-J

T

1

50%

5

42%

110%

104% 1047/a

•

—

J-J

.1942

f 7s.

AExternal sinking fund 6s.,
A 6s assented
A Extl

1958
.1954

8s.

External

J-J

108%

102'A 102%
102'A 1027/a
*102'A 102 7/a

102%

J-J

58

42%
103

126

42%

A-O

34

50%

50

M-N
F-A
F-A

:

62

109 % 109%
105'A 105'A

109'/a

97

31%,

375

•

*22%

1953

A6s external sink fund

*

94%
105%

11%

M-S

A-O

87

94%

*26

For
(Dom of)

Canada

,

88

88%

external if $ bonds—

s

Refunding 8 f 4(4-4'As-

98

96%

88

86

stamped

A 6s

External

99

94

86

.1970

96

1966

6'As

A 7s external loan of

.1977

"I

98

1961

8s

(City of)

loan of 1921——

A 8s extl

96

.1961

■t\

M-S

Rio Grande do Sul (State of)—

100

96%

97%
100'A

,.1963

gold 8s

AExternal loan 7'As

A Extl

,

J-D

A-O

7%s—1952
Queensland (State) extl 6s
1947
A Rio de Janeiro
(City of) 8s
_1946

60%

A-O

10

94%

A-O

APrague (City of Greater)

.1957

f 5s

•

62

96%

1961

.1947

A4'As assented
A4%s assented

1

.1957

Sinking fund gold 5s_

ft-

26%

_1940
1958

f 6s 2d ser

(Rep of) gold 6s
A4'As assented
A Stabilization loan s f 7s

96%

43

s

fAPoland

96'A

21

71

,/.

.101

*96

7s

external 7s

82%

101% 101'/a

,1953

Slnking fund gold 6s.
Buenos Aires (Province of)—

(State of)

AExternal sink fund

f 7s

—

to

ANat loan extl s f 6s 1st ser

92%

99

*97%

F-A

97

93

100

1

;

*100
99

93%

*94

99%

82%

95%

*83%

mod 3'As ext

(Rep of)

95 %

A-O

25

95%

M-N

92

53

96%

i—

,

APeru

100

94%

95%

M-N

98%

104

>

92

'

100%

F-A

A-O

94

99%

103

89

1963
1994
1967
1947
1959
1960

AStamped assented 5s

APernambuco

99%

92

*

>100

extl s f 5s ser A-1963

sink fund 4'As

(Rep)

37

100% 101%

101%

M-N

J-J

Municipal Bank extl s f 5s

~~

M-N

A-O

' 1

1

103

103

1970
1953

4

25%

—

103

19

*87

24'A

—

J-D

J-D

22%

23%

40

A-O

23%
*21

32

1965
1963

24

'

13

M-S

A-O
— —

40

1956

extl loan

sink fund

(City)

40

1944

6s

J-J

24'A

32

fund 4'As

sink

17

17

2

fund 4'As

sink

7

16%

40

F-A

J-J

f 6s.

(Central Ry)

5s

25%

s

AExternal s f 6'As of 1927

f

External

23

15%
13%
18%

,

f 5s

external

Norway

25%

23%

(State)—

South Wales

s

13%

38%

M-N

1957
1958

7s

23%

s

s

58

— —

1952
1959

(City)

J-J

External

(City)

*64%

•

J-J

External

IA Brazil (U S of) external 8s—
AExternal s f 6%s of 1926

50%

■

'

.1955

Brisbane

~-+-

.1949

Belgium external 6%s.

A 7s

*57%

■

s

series A

External

55

10%

13

38%

MS

s

13

)

1959

External

9%

18%

*-.

1958

New
■ci

11%

"9

*17

agree

f 6%s

AMontevldeo

"

17%
15%

14%

13%

13%

77"

1933

10%

11

*14

agree

ASec external s f 6%s

Municipal

&

7-7

MS

A 6s

Foreign Govt.

9%

9%

agree

11%

14%
11

15%

*10'/a

(State)—

ASec external

1-1693

NY

New York

Broadway,

to

AAssented
Minas Geraes

Membert New York Stock Exchange

17

el5

*J-D

-1945

§ A Treasury 6s ol

—

*17

agree

1954
1942,

5,

AAssentlng 4s of 1910

*18'/a

Q-J

1943
1942,

5,

Nov.

"q-j

1945

AAssentlng 4s of 1904
AAssented

M-N

1943

-

1942,

5,

extl 5s of 1899 £

(US)

AAssentlng 5s of 1899

Foreign Securities

•

40

66%

F-A
J-D

1952
1953

5s

*67
A—

J-D

*101.19 101.21

J-D

Transit Unification Issue—
3%

67%

Greek Government—

1945 -1947

M

series

IVis

67%

lADominican Rep Cust Ad 5%s

Owners' Loan Corp—

Home

A-O

1945

101.26

*101.8

20%

1961

1977
1953

104.8

J-D

16

Mtge Bank 6'As

External

101.26

w.

5

15

4'As external debt
Sinking fund 5'As

10T31 10T31

M-S

17%

17

lADenmark 20-year extl 6s

104.8

J-D

16%

14%

15%

16

(Rep of) 8s ser A.1951
ASinking fund 8s series B
1952

*104.23 104.25

J-D

18

16%
15%

18%
18%

16

16%

F-A

107.11

*101.30 102

M-a

15%

17%

—

16%

1949

100.11

*101.23 101.25

101.9

13

*16%
16%

M-N

'

M-S

16%

15%

16%

M-N
M-N

A Public

J- J

„

18

M-3

»

J-D

MS

18%

1949

104.7

100.6

J-D

107.11
100.2

1
15

' ,/

100.6

*104.5

M-S

1

1951

106.9

.

__

"7

17%

(Republic of) 5s of 1914
External loan 4%s

A Costa

100.18

106.9

*100.3

16%

17%

15%

Cuba

100.7

100.15

100

100

100
v

J-D

18%

16

17%

—

16%

A Czechoslovakia

100.1

•106.23 106.25

M-S

M-S

10Q.5
100.6

17

*16%
16%

18%
18%

16

11

16%

J-D

25-year gold 4%s_<

100.5

100
100
100

100.1
100

*100

J-D

10
3

100.1
100

J-D

1927

Copenhagen

A-O

J-D

...

—

.

M-S

Oct

s

19

17

M-S

ASinking fund 7s of 1926
ASinking fund 7s of 1927

104

MS

of

3s external
A Colombia

19

16%

1960

1928

A 6s

•107.17 107.19

L.

of

17%

1931

(Hukuang Ry) 5s
(Republic of)—

Colombia

High

Low

1
58

.

'•

—I960

assented—■;

A 7s

A Chinese

18

17%

16

16%

1962

Cons Munlc 7s

A Chilean

109.12

M-S

18

*16%

J-D

1962

assented-

A 6s

A-O

1961

assented

AGuaranteed sink fund 6s
;

106.24 106.24

•106.17 106.19

MS

A 6s

103.11

102.24 102.26

J-D

1961

17%

J-D

1961

AGuaranteed sink fund 6s

.

Range Since
January 1

Sold
No.
'

1957
1957
1961

6%s

assented

ASinking fund 6%s
A6%s assented

112.9

•

■

M-N

16%

M-N

1963

AChile Mortgage Bank

111.11

111.5

111.6

•111.4

M-S

MS

1963

assented

Bonds

High

Low

External sinking iund 6s

A6'As

Last

Sale Price Bid & Asked

(Continued)—

(Rep)

A 6s

•104.25 104.27

M-S

19481950
19481951
19491951
19491951
1949
1952
March 1950
Sept 1950 1952
1953
1951
1955
1951
1953
1953'
June 15 1948
Mar
Dec
Jun
Sep
Dec

—

Treasury 2s
Treasury

102.29

J-D

1947

2s
2s
2s

Treasury

101.26

1953

19491952
19501954
19521958
19561967
19621968
19631969
June 19641969
Dec. 19641970
19651972
19671953
19511952- 1955
1956
1954
1959
1956

Treasury 2s

Treasury

101.24 101.26

NO.

High

1943

Treasury 2s
Treasury

High
111.23

•105.14 105.16

M-a

Period
Chile

Week's Range
or Friday's

Friday
Interest

Stock Exchange

New York

,

'

,

January I
Low

•

J-D

JUNE 16

WEEK ENDING

Range Since

Sold

110.30 110.30

l-O

1948
-----

FOR

110.30

Low

Government
1952

Bonds

Sale Price Bid & Asked

Period
S.

disregarded In the week's range, unless they are the only transactions of
account Is taken of such sales In computing the range for the year.

BONDS

Week's Range
or Friday's

Friday

BONDS

U.

YEARLY

-

"and

RANGE

New York

WEEKLY

-

interest"—except for Income and defaulted bonds. Cash and deferred delivery sales are
outside of the regular weekly range are shown in a footnote In the week In which they occur. No
in the column headed "Interest Period" Indicate in each case the month when the bonds mature.

NOTICE—Prices

Monday, June 19, 1944

FINANCIAL CHRONICLE

50 Broad St., New York 4, N. Y.
Telephone HAnover 2-0050

Teletype ,N^ Y. 1-971

'

Volume

THE COMMERCIAL' & FINANCIAL CHRONICLE

Number 4291

159

YORK BOND RECORD

NEW

BONDS
New York

Last

Interest

Stock Exchange

or

Friday's

Sold

Low

(City of Brazil) 8s

ASao Paulo

.

A6Vis extl secured

Paulo

|ASan

f

s

(State)

external

A 8s

A 7s

extl

water

loan—

extl

dollar

loan

§ A Secured

f

a

A 88

secured

A7s

series

A4

43

17

38

32

37

'

Low

65

66 V4

37
68

16%

a-0

42

17%

Circular

47

33

...—1962

Af-N

56%

68

7

11V4

Af-N

B

sec

18%

2

12

17%

extl..—,—1962

of)

extl 7s__

17

11

23

10

21%

91

17

*21

J-D

1958

99%

1

'

2

.7

25

-

—1958

J-D

*18%

21

,—1955
1948

(City) s f 5VaS

f-a

*98

PFLUGFELDER, BAMPTON & RUST

f-A

Uruguay (Republic; extl 8s
AExternal sink fund 6s

_—1960

Af-N

1964

Af-N

*88

__

*91

1"''—

■

89

;

'

New

York

Stock

Af-N

74%

72

68%

68 3/i

713%

67%

72

74%

65%

115

7714

74%

Friday

Exchange

74%

extl

4-4%-4Vis extl

Af-N

1979

conversion——

Vs-4^j

—1978

J-D

.1978
—1984
—1958

f-a

conv

readjustment

3 Vie extl readjustment
AWarsaw

(City) external 7s
A4Vis assented
1—.

77 Vi

J-j

.

,

*63

•;

f-a

16%

Canadian National

60

71

60

72

Guaranteed

66%

77%

Guaranteed

59

62

10

19%

gold 5s
Guaranteed gold 5s
Guaranteed gold 4%s

18%

Guaranteed

gold

4%s

gold

4%s.___

46
tl

v

'

4*.*;

■

3

17

'

f-a

1958

17

17

10

1

.

5s

JAbitibi Power & Paper—

series A plain

§A5s

,

*110

J-D

—1953

109

__

Stamped

J-D

-1953

_.

79

79%

68%

23

795/a

,

Af-3

*103%

J-D

103

10-year deb 4%s stamped

1946

F-A

1967

M-N

Alabama

Power

1st

mtge

3 'As

1972

3Vis

Albany Perfor Wrap Pap 6s_

97

A-O

A-0

warrants

98%

98%

a

79%

A-0

trust

Central

Carolina

J-J

8

109% 109%

13

109%

96'%
99 Hi

30

84%

35

89 3/4

6

100

—

99 Hi

M-S

105 y« 105%

1949

101

99

105%

111

111

10

M-S

110

110%

14

109%

110%

104% 105

8

104%

107%

F-A
j-j

1955

j-j

52

28

103%

15

101% 103 3/4

103

103

J-D

62%

1945

F-A

86%

84

86%

M-N

46%

45%

47 %

1959

A-O

14

12%

14

/

25

79%

91%

91

37%

503/4

57

;

53

ll3/4

modified

1949

J-D

99

103%

1959

A-O

12%

13%

153

A-0

91

103 Va

AChatt Div pur money gold 4s„1951

13%

modified—w-——1950

J-D

51%

104

51%

-2

87

51%

,

j-j

28

80

'

A5s

—.—1950

income

A-O
'"

'

Am

&

A-0

1998
-1951

80

F-A

—2030

Af-S

,—1949

Foreign Pow deb 5s
G Chem conv 5'/2s

Af-N

Amer I

"

93

94

15

105

3 Vis

debentures

1961

A-0

109%

3 Vis

debentures

1966

J-D

10934

3s

Am

1956

M-S

118% 119%

104 %

103% 104 % /

112%

Anglo-Chilean Nitrate deb—;—,—1967
Ann Arbor 1st gold 4s
1995

-

Q-J

87

110%

Central Pacific

115%

119%

29

103%

104-%.

107

112%

-

J

1964

Af-S

1955

106

105 5/a 106

J-J

106

106

1978

A-0

debentures.,

Atchison Topeka & Santa Fe—
General 4s

113%

15

123%

123

M-N

1955

J-D

——

1st 4s

1958

1946

J-D

Charlotte

&

Line

Air

118%
106%

1st

gold 4s

cons

106%

110

110%

—

—

1091%

5

111

:■

—

"110%

*

—

4s

113

General

—

1st

mortgage 3%s———.——.1963
1st cons 4s
July 1952
unified 4 Vis A
1964
L & N coll gold 4s
Oct 1952
General

M-N

106V4

M-S

100%

99

100%

87 %

86

87%

102

103 Va

5

M-N

21

1063/4 107%.

103

1013/4

77

/

1st

107%

903/4

36

36%

104%

121

43%

J-D

94%

21

100% 102

18

69

118

104

97

72%

85

100

132%

9

102

138

107%

24

106%

109v4

106% 107%

21

106 %

109

121 %

124%

120

121Va

107

—

J-J

*124

J-J
A-O

28 Va

j-j

106 136

*106
Af-S

1977

F-A

1971

F-A

1997

J-J

13

106%

V 108

106i3
106 Va

53

__

106 Ji

106 is

iV

30%

102

100%

aa

106-fV 106
*105IH

j-j

21%

419,

29 %

27%

1949

series A

108 %

96%
••; 74

j-j

1958

5s

30%

'

162

137% 108

107%

F-A

1949

4s

ref

&

'

138

353/4

103

106 he

103

f-

107 % 108%

104%

104% 105%
106% 107

147

109

84V4

255

106%

1053/8

98

44

105 %

923% 107%

,

Chicago & Eastern 111 RR—
AGen

89%

893/4

M-S

'/ M-N

20

108iV 108 3V

iJ#

1949
4s

1st & ref 4%s series B

Ry—

Atlantic Coast

Division

105%

84

1949

registered

100

83%

1989

registered

Illinois

108 %

106%

110 %

*112% 114

;

3%s

48

93%

tACLicago & Alton RR ref 3s
1949
Chicago Burlington & Quincy RR—
Illinois division 3%s

109

26%

84

1946

2d consol gold 4s

110

273/4

106%

93%

'

124%

3

.

110% 110 %
*108

J.J

1st gold 5s

123 %

46

~6

108

1996

37%

103% 104

103%

MS

1992

393/4

r.

29%

34%

A-0

1989

115%

gold 4%s

32

93%

30

47

F-A

1996

112%

*110

J-D
J-D

Atlanta

Ref & impt mtge 3%s D
Ref & impt M 3Vis series E
Potts Creek Br 1st 4s

".5

109V4 109%

1955

Atl Knox & Nor

107

303/4
112

833%

201

jf-N

1948

104
106 %

:92

109V4 1093/4

gold 4s of 1910—,——I960

1905

5%s A

General

1093/4

Nov

———.1995

Trans-Con Short L

Prod

'

AO

30%

Chesapeake & Ohio Ry—

105%

:

51

113% 115%

1995

gold 4s of 1909—.,

Conv 4s of
Conv

883/4

105

23

■

106 Va

——1995

Stamped 4s

69 Va

102%

*104

F-A

(Del) .1957

(Del) 4s B———

Adjustment gold 4s

F-x

Certain-teed

35%
34

*28

gtd gold 4s_1949

1st ref

23

108% 109

31%

a~-0

76%

39

jlj

16%
56

111%
50

32%

1962

16%

11%

3

,

93

33%

35

1987

,

28

91

68%

50

*111% 112

Z J-J

...1987

registered

63

,

•

88 3/4

4s

27

a-0
j-j

Through Short L 1st gtd 4s
1954
"Guaranteed gold 5s
.I960
§ACentral RR & Banking 5s stmp.1942

107%

R & A Div

Ark & Memphis Ry Bdge & Term 5s

7s income

4s

108

*

Conv

AGeneral

Central N Y Power 3%s

7

6934

Jan

Armour & Co

sink fund 4s series C

/

5

1961

110

111% 112 Va

*

3s

1968

107%

.

624

119%

A-O
M-N

deb

Co

1946

3%s__.

105

;

:

1962

debentures.;

A

1st

fa

Wks & Elec 6s series A—1975

Tobacco

Wat

gold 5s
1st gtd 4s

tACentral of N J gen gold 5s
.1987'
V
5s registered
...______._1987

Telephone & Telegraph Co.—

conv

Amer

104%

1st

Eng

47

109% 110

1949

Corp conv 5Vis

95

103

Div

New

10

109 Va 109%

American

$ACent

34

J-J

105

Am Internat

A Mobile

Central Illinois Light

106

863/4

222

103 Va 104
105

103%

1

94 Va

103%

67

1

80

104% 104%

106

15

64%

5s

Alleghany & West 1st gtd 4s
Allied Stores Corp 4V2S debs

68%

103% 104%

1037/a

ARef & gen 5%s series B
ARef & gen 5s series C

.

111

6

.1948

Nov

98

67%

67%

5s

.

101%

m-N

1945

mtge 5s
SAConsol gold 5s—

Z:-!/

Alleghany Corp—

97

99 Hi

100 %

1

1962

A 1st

102

96

,/-j

Corp 3%s debs

101

Va

j-j

4s

.....

98%

89'/a

96

1981

1083/4

3

114%
111%

113% 113%

109%

f-A

1950

Celanese

4

117 Va

113%

Celotex Corp 3%s debs.
ACent Branch U P 1st gold 4s
tCentral of Georgia Ry—

.Z;'':./,

119

115%

1965

104%

97

118

117

J-D

1st gtd 4s

25

98 Va

118%

116

1

115% 115%

.I960

107 Va

102

116

6

5

117

117

.1944

1

104%

18

117% 117%
117

111%

Carriers & Gen Corp 5s w w
Cart & Adir 1st gtd gold 4s

Ohio

117%

107

23

117% 117%

J-D

High
113%

105

5

105^

105

j-j

uuw

116%

AO.

117% 117%
\

Range Since
January 1

Sold

Hign

y-A

4%s___

Clinch &

Bonds

Friday's

A-0

equipment trust ctfs

ioo3/4

102

or

1951

Carolina

__

Week's Range

Last

,..1956

103

1

103

108% 108%

A-0

...1948
_1948

with

assented—

*1053/8

J-J

Albany & Susquehanna RR 3Vis—1946
3Vis registered
1946

6s

1969
1970

104%

103V4 1033/4

Southern

Oct
,

u.___.1955

103%

1947

Great

J-J

100%
1033/4

—

Coll trust 4s of 1907

6

Sale Price Bid & Asked

j-j

103

'

Adams Express coll tr gold 4s„„_1948

Alabama

.1957

....July 1969

5s

Collateral

110%

.

"

A

gold

Canadian Northern Ry deb 6%s...l946
Can Pac Ry 4% deb stk perpetual

Railroad and Industrial Companies

:

Interest

gold 4%s_.

6

55

67

York

Teletype—NY 1-310

Low

Guaranteed

External

3%-4

Exchange

New

;Z'■)■ i''Period

'•

readjustment——1979

External

Slock

Bell

BONDS

90
--

__

($ bonds of 1937)—

3348-4.4^8

York

Telephone—DIgby 4-4933

•

A External

New

Broadway

91

91

*90

sink fund 6s—

Members

61

.

99%

•

request

37

89

WRITTEN

on

42

30

...

(Kingdom)—

external

Mortgage Income Bonds

48

% 39

l''-

»■
■

Prospective Prices of the

New Railroad Second

38%

38%

6

37

43

30

9

47

42

•;•■•'• 42

48

46

A Discussion of the

High

35 Va

No

46
'

J-J

% s assented

Sydney

'4^'

,

47

M-S

.—-1940

7s

,

/

J-J

—1968

(Prov

ASilesia

Af-N

High

43

•

J-J

—,1956

.

Croats & Slovenes

Serbs

A

,—1957

-

—1936
_________195Q

8s

.

A 6s

Af-N

1952

16

Range Since
January 1

Bonds

Sale Price Bid & Asked

Period

JUNE

ENDING

Week's Range

Friday

*

FOR WEEK

RANGE

.

2541

mtge

inc

(conv)

Chicago Si Erie 1st gold 5s

1982

Af-N

Chicago Gt West 1st 4s series A

\

1988

j-j

88%

83%

88%

2038

J-J

65%

56%

65%

1947

J-J

79

74%

79

75

69%

75

66%

71

48%

215

56%

52%

56%

63%

125% 128

*126% 128%

'

Atlantic & Danville Ry 1st 4s
Second

mortgage

-1948
1948
1953

4s

Atlantic Refining deb 3s

J-J

43%

J-J

36%

42%
35

M-S

105

105

37

43%

.

33%
105

6

AGen inc

36%

JChicago

105%

mtge 4%s

Ind

Louisville

&

A

&

Baltimore
1st

.July 1948

A-0

gold

series

5s

B.-.1947

"

ARefunding 4s series C_..._....1947
A 1st & gen 5s series A
1966

Ohio RR—

mtge gold 4s

Stamped modified bonds—
V
1st
mtge gold (int at 4% to
Oct 1 1946) due
—July 1948

-

Refunding

J-J

•

86%

87%

88

165'

Af-N

A 1st & gen 6s series B
May 1966
Chicago Ind & Sou 50-year 4s
1956

92 /a

%■ 70V4

J-J/Z

T

12

J-J

(int at 1% to
1946) due
1995
■/ Ref & gen ser C (int at lVa%
to Dec 1 1946) due
—.1995

ZZ

A-0

91

89

91

J-D

52 3/8

49%

J-D

59%

56 V4

235

73%

54V4

463/a

AGen

943/a

915

59V4

.

413/8

276

52%

60%

A Conv

due

.Feb 11960

_

V

"

Af-S

52%

50

Af-S

.

52%

41

303

-f

50%

52%

267

41%

39%,.]

393/4

557

31%

41

M-N

CO

vU

CO 0

82

K 158

-

64

•

ACertificates

*

of

;

'V.

70 Va

83

'

Z

57

21

Z

4s

? 1.

v'-76

90

72 '

82

713/4/
— —

J-J

86%

87%

56%
74

■'22

88

•

1952
Consolidated 5s
1955
Bush Term Bldgs 5s gtd—.J—1960
,

J-J

83

335

74%

85%

79

78%

80%',,

177

69 Va

81

87

84%

88%

185

76%

88%

4%s

series

E

;__May 1 1989

J-J

87%

85

88%

88%

4%s

series

F

May 1 1989

J-J

87%

86

89

..1975

F-A

61%

58%

63

Jan 1 2000

A-O

16%

15%

16%

M-JV

81

78

81

67

64

82%

79

82%

75

65%

82%

65V4

76 Va

43

65%

813%

adjustment 5s

4s

1987

81

151

76%

173

773/8

90

3.869

45%

63

^

1987

M-N

1987

M-N

stpd Fed inc tax.._.1987

M-N

5s

stpd Fed inc tax
A4%s stamped

'

ll3/4

3.834

■

..1987

81%

M-N

77%

67%
67%

85

2

85

67%

82%

82%

.

'

x:

.

22

84

81%

.

85

81

73

.81%
81 %

.

..1987

81%

79

84

M-N

173/g

*

64

M-N

-

1987

AStpd 4s n p P'ed inc tax
AGen

"

M-N

1987

:

registered

AGen 4%s

S5

J-J

87%

J-D

,.54

87 Va

§ A Secured

128%

49%

54

98 Vi

A-0

101

&

129%

A 1st

&

100%

101

1

101
101

-

,

V

___.___1936

ref gold 5s
npf 4%s stpd
ref

106%

1st & gen

101%

105%

72

6%s

4%s

2nd mtge

•

Af-N

May 1 2037

z.1949

mtge 4s ser A

w

income 4%s
Railways 1st 5s

conv

i

J-J

-

84

102%

102% 103

20

101 Vi

106%
103%

JSAChicago

F-A

105%*

105% 106%"

10

104%

106%

/'Z

'

81

44

101%

50

61%

64%

37

60%

63%

119

49%

63%

61%

■:

63%

63%

103

49%

63%

16%

16%

'.'104%

J-J

1999

F-A

63%

M-N

i_—1989
w

64%

J-D
J-D

i

■

101%

99

101%

J-D

May 1 2037
May 1 2037

C

AConv 4%s series A

100

104%

7

105% 105%

105'A

&

A 1st

128

„:,:T

•

128% 129'A
101

J-D
A-0

A 1st

101

6

101

.:

73 %

10

5

54

101

A-0

A-0

-

87%

333

16%

68Va

75;.;

7o

'

.

V

113/4

17%

248

101%

103

2.435

63%

75

104 "'"104 %

.

74%.

64%

72%-^

JChicago Rock Island & Pacific Ry—

J-J

105% 106 VA

".100% 100%

M-S
M-N

; 105

99'A
92

M-N

62

F-A

109%

Af-N

=92 Vi

99

99%

83%

93

52%

63%

41%

58%

31

108%

109%

10

103

104%

92

62

62

242 '•

51%

2

108% 109 %

103%
112%

105

:ia

110% 112%

33

102

101% 102'A

52

Af-N

104%

104

18

104%

60

58%

27%

26

112%
94% 102 Vi
103% 107

110

25

110

112%

109\

60%

239

44%

63%

28

150

!

Gold

.1934
A.

.__.1952

21%

29 i

27%

21

Af-N

89%

95%

.

1st mtge

,(■

'

■

3%s series E_..i__i.._.1963 ;

1st mtge 3VsS series

•

/ 90%
i'

*

82%
-

'
.

77% V;

—

J-J

-

:109%

:

9T

:

83%

87

--

"g

84

73

453%

51%

11%
100
85

64%

85

72 V4

-

91

'

5

;

'

92

J-J

107%

;_.___^_1962

M-S
A-0

1957

cons 5s.____1952

A-O
Af-N

Cincinnati Gas & Elec 3V/4S_.-_.._1966
1st mtge 3%s
—1967
Cin Union Term 1st gtd 3%s D
1971
1st mtge gtd 3%s series E
1969

F-A
J-D
AT-N
F-A

........«■.

,

7

109

110%

"

102 i/a

IO51/2

18

104

.107%

24

1043i

1063%

78%

79%

9

79%

80%
70

•=

107

-

■

„

70

77 V4

107%

'~105

79%

77%

59

-■

24

76%' 77%

1051% 106%

106%-.

1..1943

593%

60

77%

75

; 109% 110

J-J

t§AChilds Co deb 5s

JAChoctaw Ok & Gulf

91

':: 8%

1

95'A '

*81

•''
";,i

•;

48_.___.1952

1st fe ref 4V(»s series D
§ADebenture 5s

■

-

;;

-548

■

'

95%

F-l._._.___1963

com

39'%

•

ACertificates of deposit.
Chicago Union Station—

Chic & West Indiana

36%

291

•

10%

-9%

•b: 10 v*

M-S

guaranteed 5s-.__.Dec 1 1960

v

•

1,403"

50%

J-D

.>

75

70

45%

45

J-D

Income

si

61%

22; '

68

70

41%

i f 49% 7>46%

J-D

Chic T H & Southeastern 1st 5s_._1960

64

576 '

••

'

J-D

....

74%

'

66%

105%

6

•

r

-

•55

..'tf is

82

82%

'

'59%

27

70

28

97

3%s

'

,

--

'.''69%

;f 74%

A-0

M-S

,

..1951

\

*95%

A-0

deposit..

AConv gold 4%s
:&
...I960
Chicago St L & New Orleans 5s___ll951

108

•

A-0

of

gold 4s

'SASecured 4V2S series

109

110

J-D

Af-N

SARefunding

J-J

1988

'Memphis Div 1st gold 4s_.__..l'.1951

103 % 103

J-D

F-A

.i_.

:v

F-A

..1927

„

ACertificates

101

7

99%

89%

4s

"

stpd

part paid.

•AGeneral

100%

4

105

99
56

;

;;

-

25%

*102%

F-A

Af-N

3

51%

A-0
J-J

Af-N

;

2

*21%

—

143/4

'
-

deposit—-.

Bush Terminal 1st 4s

14%

100

/

J-J

AGeneral

84%
l\. ;•

ji,

Fi Stamped modified (interest at

May 1 1989
series B__May 1 1989

JChicago & North Western Ry—
AGeneral gold 3%s___.:
3%s registered

54%

37

'

due
—1957
Burlington Cedar Rap & Nor—
! § A 1st & coll 5s_.
——1934

A

AMtge gold 5s series A.

i

to May 1, 1947)

85

87

J-J

AConv

52 3/8

J-J

3%

:io%

8

May 1 1989

AGen

54%

iBuffalo Rochester & Pgh Ry—

i

10%

112

'

Bangor

■

89

14

13%

,97

98

,

71

C

4%s

AGen

F-A

J -J

—.1951
4s
stamped
1951
Battle Creek & Sturgis 1st gtd 3s__1989
Beech Creek Extension 1st 3Vis—.1951
Bell Telephone of Pa 5s series C—.I960
Beneficial Indus Loan 2 Vis.
—1950
2Vis debentures.———
1956
Beth Steel 3Vis conv debs
.1952
Consol mtge 3 Vis series F_—,—1959
Consol mtge 3s series G_
1960
Consol mtge 3 Vis series H
1965
Boston & Maine 1st 5s AC——
1967
1st M 5s series II
—.1955
1st gold 4Vis series JJ—
.1961
1st mtge 4s series RR——1960
AInc mtge 4Vis ser A
July 1970
fABoston & N Y Air L 1st 4s_
1955
Bklyn Edison cons M 3Vis
—1966
Bklyn Union El 1st gold 5s—
1950
Bklyn Union Gas 1st cons gold 5S.1945
:
:• 1st
lien & ref 6s series A
—1947
i' Debenture gold 5s
.1950
1st lien & ref 5s series B_——1957
Buffalo Gen Elec 4Vis B
.—1981
Buffalo Niag Elec 3Vis series C—1967

75

Z 45

84

series

AGen

-

1959

& Aroostook RR—
Con/ ref 4s——I

79

47%

42

'
-*"*

JChic Milw St Paul & Pac RR—

Pgh L E & W Va System—
Ref gold 4s extended to—1951
S'west Div 1st M (int at 3Vi%
to Jan 1 1947) due.
1950
Toledo Cin Div ref 4s A

series

4s

AGen gold 3%s

Ref & gen ser D

(int at 1 % to
Sep 1 1946) due——
—2000
Ref & gen ser F (int at 1% to
Sep 1 1946) due—
1996

65%

50

JChicago Milwaukee & St Paul—

Ref St gen ser A
1

47

43

98

„

12%

J-J

,

Dec

195

a;

_

a

88%

Ry—

ARefunding 6s ser A

B

763/4

54

J-J

82%

82%

83 %

12

69

84

A-0

88%

87%

88%

6

86

93

—

109

109

■

.

111% 111%
109% 110
„-

*112%

-

3

■:

108%

1093%

110

111%

109%

111

112%

1

36

—

H23%

Cleve Cin Chic & St Louis Ry—
General

California

Elec

Power- '3Vis

...1968

Power 4s
Canada Southern cons gtd 5s A
California-Oregon

For

footnotes

see

page




2544.

1966
1962

A-0

103% 103%

5

101%

103%

A-0

107% 107%

3

107%

109 3A

A-0

105 %

101% 105 Va*

31

95 Vi

105%

,

gold 4s

General

5s series B

...

Ref & impt 4%s series E
Cin

Wab

St L Div

& M Div 1st 4s„__
1st

coll tr gold 4s

—1993

J-D

1993

J-D

97%
104

97
104

25

88%

104

5

99%

286

571%

81%

97%

99Va
104

—1977

J-J

78

74%

78

1991

J-J

74%

71%

74 %

20

53%

77

95

12

82

95V8

1990 1

M-N

94%

94

Monday, June 19, 1944

THE COMMERCIAL & FINANCIAL CHRONICLE

2542

NEW YORK BOND RECORD

BQNDS
Stock Exchange

New

Interest

York

Period

Last

1970

Friday's

or

Cleveland

1948
1950
1977
1981

C

3%s

Series

D

1961
1972
1973
1977

3%s gtd__.

gtd__

General 4%s series A

ref 4%s series B

&

gtd 4%s

Cleve Short Line 1st

gtd 5%s

Union Term

Cleve

1st s f 5s series B gtd
1st

f 4»/2s series C

s

M-N
F-A

A-O
A-O
A-O
A-O
J-D
A-O

gtd 4s
1945
Colo Fuel & Iron 5s inc mtge—,.1970
Colorado & Southern Ry,—
4%s (stamped modified)
1980
Columbia G & E deb 5s
May 1952
Columbus &

Columbus &

&

107

*105

98

93%

107

128

92%

104%

136

84

101%

105%

101% 103
98 V2

97

92%

75%

187

94%

9iy2

83

92%

61

105%

105%

105% 105%

29

A

4s

A Debenture

Consumers
1st
1st

3y»s
1st mtge 3'As——
Crane Co 2%s s f debs
Crucible Steel 3%s s f debs

1942

Ry 1st 51/2S
A Deposit
receipts——
A Cuba RR 1st 5s gold
A Deposit
receipts
series A

A7 Vis

receipts
extended to
receipts
Curtis Publishing Co 3s deb
A

28

Hudson 4s extended—1963
& Light 3s
1973
tDenver & Rio Grande RR—
'y ■
§ Alst consol 4s
.
1936
§ AConsol gold 4l/2s
———1936
iDenver & Rio Grande Western RR—

Delaware &
Delaware

Power

d52

AAssented

fADes Plaines Val 1st gtd 4Va s— —1947
Edison 4s series F
1965
Gen & ref mtge 3%s series G—1966

.

& ref- 3s

Gen

-1970

series H

1995
ASecond gold 4s_
1995
Detroit Term & Tunnel 4Vis
1961
Dow Chemical deb 2l/4S—
—1950
Dul Miss & Iron Range Ry 3Vis—1962
t§ADul Sou Shore & Atl gold 5s—1937
Detroit & Mackinac

Duguesne

1st lien gold 4s

114%

113 %

-

Ry Minn

East Tenn-Va
Ed El 111

(NY)

Elec Auto-Lite

Nor Div 1st 4s—
& Ga Div 1st 5s_.
1st cons gold 5s_.
2y4s debs—
East Ry 3V4s

Elgin Joliet &
El Paso & S W 1st 5s

103%

ref 5s

1st

Joint

87

.i960

F-A

69%

65%

70
"

1950

3-D

111 & Iawa

59

58

Alst

101

46
27

62

38%

"l

Tire &

Flintkote Co 3s debs———

...

62%

4

'

243

46

4%

100
91

111

111%

106

106%

32

110%

J-J

A

Certificates

of

1959

J-D

40

104%

48

of

102% 103
107

1

106%
24%
H 0 CO

^30

106

111

150%

*101% 102%

102%
106

82%
80

98

1995

J-J

104%

2015

J-J

83 y4

1947

M-N

*106%

1971

MS

99%

74%

83%

M-N

Francisco Sugar coll trust 6s

M-N

*103

J-j

J-D

M-S

"l956

J-D

103

M-N

100% 100%

*96

48%

106

'cons 5s
1949
Gen Steel Castings 5y2s
1949
t A Georgia & Ala Ry 5s
Oct 1 1945
J§AGa Caro & Nor 1st ext 6s_
1934
Goodrich (B F)
1st 4y4s
1956
Grays Point Term 1st gtd 5s
1947

49%

Northern 4y4s

series A

49

49%
103

101%
22%

32

48

J-D

104% 105%
108% 109

44

General 4 % s series D

1970

J-J

General 4y2s series E__T
General mtge 4s series G

j-j

106

j-j

103 %

103 y4 103%

j-j

102%

102% 102%

J -J

99%

Bay & West deb ctfs A
ctfs B

jpeb

AGen mtge

104%
108 y4

111%
105 %

109% 110%

21

100

98

94

—

Coll &

105 »/2 106 y4

77

98%

37

102%

37

102%
91

65

*66

68

*13%

14%

98%

99 y4

18

89%

2015

J-J

83%

84%

88 y2

52

66

12%

108

104%

103%
100%

—4—

.

J-J

1969

M-N

*97%
110%

98

__

110

110% 110%

Oil

4%s debs____

1999

j-j

1937

M-N

195I

Hudson Coal 1st s f 5s
series A_I~1962
Hudson Co Gas 1st
gold 5s_„_:i:i949
For

footnotes

see

page

2544.




M-N

130%

4

85 y4

4

133% 133%
92%

M-N
J-D

10

92%

104% 104%

133%

66 %

65%

66 '/2

*116% 117

87

98%

175% 175%

J-J
J-J

174

175%

108% 108%

A-O

107%

108%

*109%

,1961
.,-1950

M-S

—1959

M-S

110%

109

—

106%

108

14

102%

104%

9

3%

107%

*107

M-S

ref

5%s

series

88%
98

111%

103

133%
94

105%

102%

102% 102 %
4

/

.

4

4

*

99

100

9

99

100%

99%

99% 100

51

98%

100 %

99%

99%

99%

9

98%

100 %

99%

99 %

99%

11

93%

102 %

J-D

*95

Dec

*__

& ref

~8

102

103

103

J-J
J-J
.A-O
M-S

1945

103

1

104

4

104

103%

'

.104

99%

99%
*92%

F-A

-1954
—1964 i

i

1974
1954

5

F-A
80

—

■

14

84%
71

75

20

65%

83

77

80

80

.70

78

21

65

80

69%

80%

'

■.

F-A

68%

67

68%

64

J-J

77%

74%

77%

47

64%

,«

M-N

40%

40%

41

38%

39

modified
2003 <
4 %s registered
...
..2003
5s stamped modified
;—2003 •
Lehigh Valley Terminal Ry ext 5s_1951
Lex & Eastern lst ,50-yr 5s gtd
1965

M-N

45%

44%

45%

42%

43%

M-N
A-O
A-O
A-O

52

49%

52

75

76

5s

4s

*

.2003
2003

registered
stamped

41/2s

'

.

..1950

ext

Liggett & Myers Tobacco 7.s
5s debenture..,!
i
Little Miami gen.4s series A

Long Dock Co 3%s ext to
Long Island- unified 4s
i
Guaranteed ref gold 4s____

1944

-

1951
,1962

—1950
1949

.1949
4s
stamped
..1949
Lorillard (P) Co deb 5s
-1951
3s debentures
J:
....1963
Louisiana & Ark 1st 5s series A—1969
Louisville Gas & Elec 3%s
.,.1966
Lou & Jeff Bridge Co gtd 4s
1945

*126

-

34

43%

37

48%

6

35%

46%

78

42%

57

'

1st

& ref

1st

&

1st

5s series B___

ref 4%s. series C—/

& ref

4s series D—

1st & ref 3%s series E._

2003
2003
2003
2003

1

122%
106

103%

105%

.

107

105

105

4

105%

105% 105%

11

105%

105% 105%

10

118% 118%

1

103% 103%

31

103%

104

105%

118%

120%

102

103%

109% 109%

138

93%

102

1

109%

110

101%

100% 102

102%
108

*101 %

106%

106% 106%

11

106%

106

105

106 Vb

33

104

103% 104 %

5

102%

101% 103

53

99%
94%

J-J
J-J

A ext._.._1950
ext...
1960
Paducah & Mem Div 4s_
..1946
St Louis Div 2d gold 3s___1980
Mob & Montg 1st gold 4%s
1945
South Ry joint monon 4s
1952 ;
Atl Knox & Cine Div 4s
1955

103%

103% 103%

35

102%

106% 106%

37

106%

F-A
M-S

*103%

107%
105%
103

104%

106 %

107%

103

*103%

M-S
J-J
M-N

105%

104

A-O
A-O
A-O
A-O

Unif mtge 3%s series
Unif mtge 4s series B

'

127%
104 3'a

120 %

'

~4

120% 120 %

M-S
M-S

1

78

123%

101%

104

1

Louisville & Nashville RR—
"

64%

16

*108

101%

J-J
»

44%

6

144

101% 101%

105

M-S
M-S
F-A
A-O

•

'

33

165

4'

*__

A-O
M-S

\

,

•

F-A
M-N

;

94

92%
83

56

Lehigh Valley RR—
4s stamped modified

86

.

78%

82%
...

86
__

104
99%

95

13

99%

*78

■F-A

..1964

sink fund 5s_i——,..1974

100%

81

92%

,,.1954

—

96%

97%

T~

67

97

59%

- -

i

stamped

89%

58%

97%

,

1975
1954

mtge income reg

99%

A-O
F-A
-.F-A
J-D

C

104%

104

96%

94%

104

_4

101%

105%

112

96%

~l

113

98

—

103% 104
*113

"

M

17

H
YaUey Ry 1st 4%s_„
t§Aiiousatonic Ry cons gold 5s

98

*94%

68%

100%

& Ship

Houston

1st

111%

98%

1952

69

90%

116%

j-j

jneb

51%

98

116%

16

145

119

J-J

111'/a

22

100

114%

1961

Plain

101%

116%

99

6

107% 108%

108

91%

107%

1975

..

inc 5s series A
Island RR—
1st & ref Term M 5s stpd
Gulf States Util 3%» series D
,

Gulf

110%

104%

101%

*102%

108%

115

A Debentures

49

109%

98

68%

115% 116

Gulf Mobile & Ohio 4s series B

100%

11

116

1967

97%

13

116%

mtge 33/4s series 1-

56%

103%

39

J-J

mtge 4s series H

42

103.

66

J-J

Gen

3
5

59%

30

105%

J-J

Gen

131

100

65

1973

A Green

42%

29

104% 104%

89%

54

107%

1961

'

98%

66

J-D

1961

1977
1948
1940

117

30

J-J

J-J
j-j

1952

.

103

J-D

'

72%

J-J

•

General 5s series C

General 5%s series B

104%

102

7

73

98%

105 y4

102

59

69

88

118

„...

Lehigh Valley N. Y 4%s

106 %

102

99%

85%

87

70

5s

83%

*128% 130

83%

87%

*97%

1

105%

64 y2

103%

86%

85

118

5s .stamped.,,,,....

95

101%

103% 104

.1943

Gas & Elec of Berg Co

Great

103%

85

A-O

69%

*67

103

53

—

87

71%

J-J

100%

857

*105% 106

104% 104%

72%

9

83%

J-J

V 1st & ref sink 'fund 5s—
5s stamped.
'*
1st & ref sink Lund 5s_^

106%

*90

82

Lehigh .Valley Coal Co—

103 y4

*106

*102% 102%

98% 100
182

87

—I960
.—1987

Term 1st 4s

Lehigh & N Y 1st gtd gold 4s_

113%

148 y4

J-D

A-O

83%
103

J-J

———

Lautaro Nitrate Co Ltd—

107%

110

98

95%

L

40

M-S

96%

58%

54

J-J

Alst

106%

145

81%

83
•

1943 •
1953
Coll Si rtf 5%s series D_.>
^__1960
Lake Sh & Mich Sou gold-3%s
1997 L
3 %s registered!
.1997

108%

149% 150

5

3

J-J

,

103

__

95%
96%

102 % 103

87

deposit

Laclede Gas Light extd 5s

106%

102

*113%

74%

77%

45

*100% 115

A-O

1936

54
34

98 %

4

*106% 107%

262

488

5

78%

81%

106%

31%

v/

103

111%

106%

42

101

100%

& Mem Ry—

Koppers Co 1st mtge 3Vis—
Kresge Foundation 3 % notes
JAKreuger & Toll 5s ctfs

111%

30

109% 110%

97%

"3

unguaranteed1
j
—1961
Kings County El L & P 6s—
—1997
Kings Co Lighting, ,1st 5s—1954
1st & ref 6%s
—;
—-1954

8

109%

28

39

108 %

96%

94%

102%

A-O

4%s

105%

41

38 ~

105%

105

1961

(

49%

7

107

103

102

5

J-J

,

6%

4

2

.1956

3s debs...

94%

Southern Ry 1st 3s„_1950
impt 5s
Apr 1950

&

Stamped

40%

106

deposit

Food Machinery Corp

92%

F-A

.-1961

Kentucky 6s. Ind Term 4%s

56

4%

50

50

65%

9
10

102% 102%
92%
95%

M-S

1st 4s

Kentucky Central gold 4s,;

110

;

56

108%

*101

F-A

_1955
-1951

—

City Fort Scott

Kansas City

102%

•

*__

55

45

48%

.1974

Vis

108

24%

203

103% 103%

108

M-N

1947

§ARefunding gtd 4s

Ref

94%

.1959

tAFlorida Cent & Peninsular 5s.
JFlorida East Coast 1st 4
A 1st & ref 5s series A

103%

M-S

_1972

1st .lien & ref 6%s

62

J-J

1955

Ref sink fund 6s series A

tKansas

1950

-1958

57%
57%

52

K

1970

:i96i

Rub 3s deb

16%

Kanawha & Mich 1st gtd gold 4s—1990

.

Firestone

313

60%

Leh Val Harbor Term gtd

series B
AGen mtge inc 4yas series A_.
N Y & Erie RR extl 1st 4s
Ohio Div 1st mtge 3y4s

177

22%

.:

106 %

*105%

J-J

1st cons M 4s

57

21%

A-O

Debentures 58,—.

52

79%

45%

61%

54

22

43%

tAIowa.Cent Ry-lst & ref 4s-

101%

105%

4%

106%

56%

47%

7

Jones & Laughlin Steel;3y4s„:

10

39

104%

36

B„

gold 5s series C

James Frankl & Clear

262

29

110 '/a

10

53

94%

5%

110%

105% 105%

*110%

A-O

Int Telep & Teleg deb gold 4%s_—1952

103%

55%

44 \

51

series

74

70%

53

52

5s

78%
103%

70 %

64 %

49%

1st

39

103%

4%

52%

98%

72%

3

92%

409

j-j

July 1952

Adjustment 6s series A

71%

57%

362

50

108

51%

97%

94%

74%

67%

A-O

68 ya

105%

5%

A-O

82

78%

71%

J-J
M-S

58%

38

54 y2

J-J

67%

93%

54%

100

101%

54%

M-N

77%

-

B-1986

ser

41

40

48

49%

109%

65

*100%

mtge 3s series F__ 1961

62%

45

71

J-J

1950
.1956

53%
10

67%

54%

107

76%

J-J

,

101%

105% 105 %

103

90

59%

1956

103%

95%

74%

J-D

1963

1st

Int Rys Cent Amer 1st 5s B___

111c

102%

103% 103%

106

72

18

43%

109%

108%

J-D

Kansas City

111

34

J-J

'

112

106% 106%

M-S

;.

76%

—1956
Internat Hydro El deb 6s_.
1944
Internat Paper,5$ series A & B—1947

111

110%

72

92%

89

76

J-J

tAInter-Great Nor 1st 6s series A-1952

109%

4

58

45

108

107%

30

71%

87%

89

F-A

1963

series A

105 %

103

28

47%

57%

*46

94%

79%

*92%

90

100%

97

6

100%

100

100

*61

1995

3y2s

48%

84%

1st & ref 4%s series C

45'/a

60

*61

1950

1965

stamped-—'

5s

Empire Ga.s & Fuel
Erie Railroad Co—

578

87

gold 4s
tAInd & Louisville 1st gtd. 4s-

25

100% 101%
47

A-O

1965

67 %

79%

M-N

Cons sinjk fund 4%s series C—__1954
Lehigh & New Eng RR 4s Ail
1965
East

79

81%

_1953

Lehigh Coal & Nav s f 4%s A

1948

82

111 Cent and Chic St L & N O—

114%
111

109%

109 y4

*71%

J-J
J-J

3y2S———1965

Light 1st M

79

60%

*87

y4

A

22

110% 111
108

*56%

M-N
M-S
A.-0

;

58

60

F-A

109

A

111%

109% 109%

A-O
M-S
J-D
J-D
J-D

Detroit

21

82

1

59 %

V-A
A-O

„

78

33

105%

F-A

1978

series B—

83 %

76%

80%

45%

*101% 103

J-J
J-J

—----

—

80

78

M-N

76%

46 Va

108% 108%

83%

82%

J-J

78%

103 %

19

56%

110%

M-N
A-O

60%

76%

5

54

...

-•——1955

AGeneral s f 5s,
ARef & impt 5s

.

121

M-N

*90 Vb

D
Dayton

62%

J-J

30

105 y4

d51

108

J-J
J-D

84

j-j

ACertificates

1st mtge 3s
1970
Union Ry 3%s series B—1965

83%

1951

.

Dayton P & L

70

80%

,1953

:

Inland Steel. 1st

105

70

83%

70

83%

Springfield Div 1st gold 3%s——1951
Western -Lines 1st gold 4s_<_,
,1951

Indianapolis, Union Ry 3%s

d51

97

64

*St. Louis Div & Term gold 3s_.i_.1951

101 y4

103%

97%

96%

111

108

A-O

A-O

97%
3

135

109%

A Deposit

1955

M-S

1952

J-J

105%

J-D

1951

Louisville Div & Term gold 3%s_1953
.Omaha Div 1st gold 3s_,„
-1951

107%

---

1946

series B

*97 %

103

J-J

1

57%

*97%

A-O

,1951

11

J-D

Deposit

A 6s

113 y8

109%

103

*111

J-J

1946 :

extended to

2

__

*__

—

J-J

1952

107% 107%

- —-

1952

1951

,,

108% 109 y4

101%

102

,—1955
gold 4s

103 %

M-N
A-O
J-D
J-D

103%

100

lines •3%s_—•:

103

-108%

101%

102

;

108%

1st mtge

JACuba Northern

110

Ind

M-N
M-N
M-N

1969
1950
1955

23

103

.

103

102

,—1951

Refunding 5s__
40-year 4%s__,„
Cairo Bridge gold 4s____.
-Litchfield Div 1st-gold 3s—i

__

114 y8114 »/8

52

103

j-j

105

33

135

*110%

51

34%

109

129

110% 112%

J-J
J-J

1965
1967
1970

3y2s
mtge 3y2s
mtge 3Vis

gold 4s

Gold 3%s

J-J

Power Co—

1st mtge

trust

Collateral trust

109

113 y8

*110%

105 y4

72%

164

32%

27

1

Purchased

64%''

108%

110%

*110

135

Hiah

55%

'

\

Refunding 4s„

__

*113%

A-O
A-O
J-J
J-D

1955
1956

4s__

Debenture

98%

109

*108%

J-J
J-J
F-A
J-J

1954

deb 4s

jAConsol Ry non-conv

;

.103
,105y2
103% 106 y4

94

J-D

Low

169

J-J

'

gold 4s
u.—1
LJ
1st gold 3%s——...
Extended 1st gold 3%s_L_
1st gold 3s sterling—

92%

52

67

62

105

May

31%

31%

January 1

69%

.4951

2%s series A...1981

1st

Collateral

105

A-O
M-S
F-A

Apr 11969

deb w w

Illinois Bell Telep

95

»

61%

Utah

68

68

A-O

Feb 1957

Sold
No.

:

*102

92%

F-A

.

__

Commercial Mackay Corp—
Income

A Ad J income 5s—

Illinois Central RR—

*io6ya
101%

107

106

/-J

Commonwealth Edison Co—
1st mtge 3%s series I
1968
Conv debs 3%s
1958
Conn Rv & L 1st & ref 4y2s
195i
Conn River Power s f 3%s A
1961
Consolidated Cigar 3yiS s. f. debs_1953
Consolidated Edison of New York—
3'/is debentures—1948
3y2s debentures
1956
3 Vis debentures
-1958
Consolidated Oil conv deb 3y2s
1951

108%

106

__

M-N

1961
H V 1st extl gold 4s__1948
Sou Ohio El 3%s—-—1970
Tol 1st extl 4s———1955

Low

Hudson & Manhattan 1st 5s A____1957

Range Since

Bonds

107% 107%

*106%

M-N

Debenture 5s

A

106%

?2

Week's Range
or Friday's

Last

Sale Price Bid & Asked

Hlah

Low

*108

j

Friday
Interest

Exchange

Period

t

F-A
J-J

Coal River Ry 1st

Columbus

107% 108%

Stock

York

January 1

No.

Utah

New

Range Since

Sold

Pittsburgh RE—

&

Series

Gen

Bonds

Sale Price Bid A Asked

107%

J-J

BONDS

Week's Range

Low

Cleveland Elec Ilium 3s

16

JUNE

FOE WEEK ENDING

RANGE

Friday

4s series A_.___I943
Gen mtge 4%s series A
1960
Manati Sugar 4s sink fund__Feb 1 1957
AManila Elec RR & Lt s f 5s
1953
AManila RR (Southern Lines) 4s
1959
JSAManitowoc Green Bay & Northwestern 1st gtd 3%s
1941
Marion Steam Shovel s i 6s
1947
Stamped .1
+—
Market Street Railway—

'

56

70%

Metrop Ed 1st 4%s series

117%

Metrop Wat Sew & Drain

J-D
M-N

.

D

5%s

..1945
1955
.I960
1950

69 %

78

80

*58%

90%

99

52

71%

—

73

*85

J-J
A-O

*102%

4-0

*99% 100%

110 % 110%
95

102%

102%

...

*105% 105%

110%

87 %

101

101%

*102%

Q-A
A-O
M-S
A-O

11

49
109

*34%

,

-

98%

66

-M-S
M-N
,

..

69%
80

»

(Stamped mod) ext 5s__,
McCrory Stores deb 3%—!

116

98

J-D

»'

Maine Central RR

95

96%

99%

105

106

109%

111%

92

95

■

Volume

THE COMMERCIAL & FINANCIAL CHRONICLE'

Number 4291

159

2543

NEW YORK BOND RECORD
RANGE

Friday

BONDS
New York

Stock

Interest

Exchange

Last

,

or

Low

t§AMet

West

Side

El

F-A

4s_.1938

<Chlc)

gold
&

3y2s

Low

Niag Lock & Ont Pow 1st 5s A

18 y*

16

106%

106

71

106%

55

North

71

97

86

101

*

*100% 105

J-D
Af-3

t AMilw Spar & N W 1st gtd 4s.
1947
t§AMilw & State Line 1st 3y2s__—1941

86

72 >/4

87

71%

72 A

"

195

88

59-'

31

ref

61

72%
77 ya

4s

ext

&

*65

;

registered

ms

11%

11%

Q-F

4%

4%

tMinc Ct Paul & Sault Ste Marie

7%

45

Gen lien ry & Id gold 3s
3s registered

j-j
J-J

SAlst stamped 5s gtd as to int—1938
A 1st & ref 6s series A
1946

j.j

5s

.

40 A
43
43

t A Missouri-Illinois RR

43

40

43

j.j

57/a

j-j

80 %

j- J

104 Vi

29 Va

•30%

-23

V."

29'A

80

y

68

O-A

1962

j.j

72%

71%

74

40-year 4s series B___—;
1962
Prior lien 4Vis series D—....1978

j. j

62

60

62%

,

'/

deposit

of

ACertificates

/•>.

j.j

129

133

125

129

116

120

Q-J

ref 5s series Fj_—-——1977

&

1st

7%

.!

-

ACertificates. of

f-a

,

66 Vi

deposit.....——
G———1978

64%
53%

75
64%

57

69 Vb

66%
52

36'

-2

/

*.

-

57%

173

^

64% '66%

'•

2047

A

.

;

"

''

27 A

ms

66%

26

m-n

k

64 ya
;

66%

64%

deposit——,

1st

69%

Oklahoma Gas

30

Ontario

56%

73

Oregon RR & Nav

>

.v-

65%

66%"

'

•v

:

Montana

56%

72%

57%

s

72

68 y4

Morris

12'A

154

9%

66%

234

56%

1

59y2

351

56%

79%

81

109

61%

84

94%

97%

437

80%

98%

J-J

84%

83%

84V/2

51

67%

88

;2047

J-J

84

83%

84%

f-a

72

65

F-A

65

65

66%

66%

*64%
70 Vi

70

■

a-o
A-O

107

107 7/a

*96

101 y4

101

101A

—1951
1958
.-2000
1955
1955
1968
1947

series A

Constr

M

Constr

M 4Vis series B

Mountain States T & T 3 Vis

Mutual Fuel Gas 1st gtd 5s

„

J-jr
m-n

101A

71

733/4

108%

1
5

94%
IOO'/B

58%

60%

265

48%

64%

667/a

98

47%

61%

59 '/a

61%

238

43%

109% 109%

15

109%
111%

111 3/4

*110% 112

f-a'

92

91%

107

106% 107

104

104

ms
A-O

of

ACertificates

of

93

94::

94%
93 y4

11

114% 114%

j-j

1

92%

j-d

i

m-n

-

124% 125

F-A

84%

.

84%

~2

4 93%

"

101%

j-d

102%

102% 103%

J-j

102%

102% 103%

ioiy2 103

A-O

3

'
"

96

•

v

83%

80 A

83%.

105

A-O
J-D

M-N

'■ F-A

81%

77%

V 72

A-O

71%
69

80

73

.73%

2

83%

.:

78

68%

82

84

•

Gtd 4s series E trust

86;

i

73

271

59

72%

705

56%

78 %.

414

63

Af-N

98%

98

98%

284

87

j-j

94 y4

83%

f-a

registered

3Vis

93%

94%

*87%

90 y4

66

5Vis

Ref

series

83

36

69%

1st

76

76

78

17

65

■

f-a

74

76%

22

62%

f-a

71A

71%

2

63

1978

C—

97

96 vb

146

953/4

#

'

Pere

mtge 3Vis extended to
Dock

Y

N

Y Edison
1st

F-A

95%

95%

168

78%

108 A 108 y4

20

1063/4

1966

A-O

109%

109% 109%

8

108%

gold 3Vis

Harlem

2043
2043
Lack & West 4s series A—1973

A
Mtge 4s series B
Mtge

N

Y

4s series

4 Vis series B

1973

.

J-D

114% 114%

F-A

109% 110

Af-N

j-j

4

114%

1153/4

14

.

109%

111

104

105%

102

103

105% 105%
102y2 102%

102%

j -j

2
1

*100

,

102

102%

m-n

82%

8iy4

82%

71

71

m-n

88%

87

88%

16

77

10

1947

deb

3Vis

ANorv-conv

deb

50%

50%

51

50%

50%

50%

a-o

50%

>50%

3Vis—

ANon-conv

ms
ms

4s

deb

-1947
—1954

deb

ANon-conv

4s__

ANon-conv

deb

1955

.

1956

4s—

.ADebenture certificates 3 Vis——1950

■

AConv

deb

83%

ADebenture

;

6s_

4s.

.

Jgf;

,Jg

51'

'

,51

•

45%

t

99

50%

d50

50%

53%

d55

61%

/ 478

a-o

1967

87%

m-n

d84y4'90y2

26

J-D

54 A

-25%

26%

d53 y4*

187

57%

,

1954

VweTt'ref ^"goldlsIII-1992

AGeneral

4a

N Y & Putnam

—

1st

cons

—_1955
gtd 4s—-1993

N Y Queens El Lt & Pow 3Vis
N Y Rys

1965

prior lien 6s stamp—-j—1958
1st 3 Vis,
1963

N Y Steam Corp

593/4

5Q1/4

see

4%'

12%

105 v*
■

,

94

16%

313/4

48 %

.63%

102%

1061/4

v
s

.'18

14

242

M-N

,:.4%

-4%

55'

65

:

A-O

67%

J-J

~1

105% 105%
47

49 A

32

f-a

20

20

20

15

1940

F-A

1943

Af-N

*_..

—1967

j-j

110% 111

1946

j-j

1966

m-s

1st 4Vis

page

I




2544.

25%

•

r

108% 108%'

10 A

24%
109

93/4
4

,

15

5%

■

,

52

69%

110

49 A

10 Vi

}j"

11

M10»/4 111
108 %

Niagara Falls Power 3Vis
fnnt,notes

J-D

'
,

j.j

A Terminal

F'tr

105
14

j-j

gold 5s

HAN Y West & Bost

deb

1967

—1949

6s_.

debentures

Seriis

Af-N

*109%

115

—

*109%

j-j

106

109%

—

107%

106

—

..

*106%

109'A

106'A

33
'

101'/a

108

■

__

*104

■

116%

101

V*

106% 106 &

__

85%. 95%

14

,

103'/a

*101

F-A

1093/a

105%

107'A

f-a

109

108% 109

36

108'A

109%

f-a

107'%

107»% 108%

40

1063A

109'A

18

108

13

108

109%
1093%

—_

—

14

108 3/a 108%

Af-N

—1962
—1963

4

Ry: 1st

G

13

121

111% 112%

102

1183/8/

36

A-O

103'/a

A-O

109

1083/4 109%

62

106

111

108% 109

10

1053/4

111

J-J

J

78

97

99%

102%

?

110%
55%

112%

37

72

351/4

39 V/4

Apr

65

73%

101'/a 101%

73%

A-O

r

311

40

231/4

J-J

99%

99% 100%

108

953/4

101%

J-J

93%

931/4

93»%

28

87'/a

94%

Af-a

94

93%

953/a

72

82

103% 104%

18

103%

103%

J-D

'

J-J

M-a ~

—

J-J

132

121

124

54

105%

109%

132

109%

111%

•6

102'A

103%

66%

148

28

29'A

347

*104

1043A

65

66

Af-a

131

10

108%

1093A 111%

1093/4

J-D

2

124

103% 1033/4

108

'131

108

■'!'

*

131
124

'•

J-J

29

Af-N

38%
17%

*104% 1053/4

Af-a

103A

J-J

10%

9%
f-a

101

Af-N

104%

,

6'/a

9%

13

100%

101%

1031/a

104

..

*112%

f-a

*113%

f-a

*1223A 125

Af-N

*123%

106%

7%

12

9%

Af-N

1053/4

44

11

100% 101
*104

,

68 'A

30%

105

104

*112

1963

97

107

'

f-a

*104%

guaranteed 4y2s__1964

75%
40

105% 107

106%

*106

F-A

F-A

cons

103%

111% 111%

101%

A-O
M-S

J-D

Series I cons 4y2s_

125

113i%
115'/4 120'%

117% 118%
103 Va 1033/4

..1949

4s

lOi'%

109

of

guaranteed
1957
Series H cons guaranteed 4s_—-I960
Series

98'%

123 a/a 1243/4

guaranteed gold—1953

4s

133

112

J-D

'

'

—^

11

104%

112%

112%

__

112

113'/a

—

1133/a

115

122%

123'%

123

123 »/2

—

—

13

116%

121

120% 122

23

116

122

106% 106%

23

1041% 105

19

105

2

120%

J-D

120%

120

A-O

122

J-J

106%

1952

ms

104%

1950
1950

j-d

105

j-d

*105

3-d

76

77

50

59'A

78

1959
—I960

a-o

76

77

20

58'%

78

a-o

76

77

20

58

Pitts Young & Ash 1st 4s ser A—.1948
1st gen 5s series B
1962

j-d

*107'/2

f-a

*121

Gen mtge

5s series A
Gen mtge 5s series B__
Gen 4%s series C—
Pitts Coke

Pitts

& Iron

Steel

conv

4y2s A

mtge 4y2s

1st

1st mtge 4V2s series B

Pitts & W Va

1st

4%^ series A

1st mtge 4%s series B_

1st mtge 4%s series C

-1st

gen

C

1st 4%s series D

Pittston

Co

5y2

Portland Gen

1974

1st 4%s

1st 5s extended to

105

J-D

1960

—1950

94%

107%

—

92

—

94%

69

104%

105%

109

109%

*108'% 109'%

1957

Af-N

ms

*100'%

j-j

*110%

1st

&

ref

mtge

1131/4 1131/4
25

102

3

24

25

6

106% 107
147% 147%

j-d

15
3

*222'/a

Reading Co Jersey Cent coll 4s_—1951

17

"106%

102 3/4

30%
100'A

110'/4
107 »/4

*47% 147%
224
22*%
109'% 111%

109% 109%

A-O

100%

110

m-n

104

113V4 113%

98%

j-j
a-o

of Nor 111 3»/*s.

20

102

1968

Public Service

94%

99%

5

.—1956
& Gas 3y4s——1968
38—
—...1972
5s
2037
8s
2037

Terminal 4s

86

106

105

t A Providence Securities 4s

1st & ref mtge
1st & ref mtge

77%
107 '/a
—

-•» -

105

J-J

Public Service El

105

102'% 104

J-J

i A Providence

105

105

F-A

M 3'/iS

105

102%

1033/4

1966

1st

102

J-J

1977

El Pwr

mortgage 3y4s

.

M-S

—1951

1st

106% 107%

101%

—,

J-J

Pressed Steel Car deb 5s__

Potomac

,

J-D

deb——;—1964

inc

Elec

1958

1977

series

5s

1970
1975
1977

1083/4

.

34

50%

15

20%

10%

14

87

92
..

J-D

108

1073%

14

22

10%

110

111%

105 Vi

F

Series

•

Af-N
M-S

1937

1st gold 5s
N Y Telenhone 3%s series B

1st & ref 3%s

s | 4s
1937.
deposit———
Phillips Petroleum 23/4s debs
1964
Pittsburgh Cine Chi & St Louis—
Series D 4s guaranteed
.1945

64

/

82

200:

1937

HAN Y Susq & W 1st ref 5s
§A2d gold 4ViS—

{AGeneral

.1977
1961

ref mtge 23/4 s

ACertificates

61

451/4'
•

-

'j 591
,

61

463/a

".-

29

j.j

59%

4614/

,

113

j-j

—1957

1927

'

„

(.—1956
gold 4%s series C.
—1980

t§APhilippine

60

tAHarlenl River & Port Chester—

tAN Y Ont

—1970

—.I960

ext

4s

Philip Morris Ltd deb 3s.

60%

453/a

10

•'.

55
54%

1940

—

—

A 1st & ref 4 Vis,series of

,

Af-N

50%
.

46

5

1948

6s_-—

§ A Collateral Jtrust

50%

j-j

—

115

*__

—

'

104%

JN Y New Haven & Hartford RR—
ANon-conv

B

B

series

4s

AConv

Erie RR

1948
1949
2000

94%

93%

Af-a

—1968

series

5s

:——1971
^Philadelphia & Reading Coal— ;
!Aref 5s stamped
^—1973,

1093/4

& Pow gold 5s

F-A

J-D

1st &

l093/4

3 Vis series E

105%

F-A

gold 4y2s series C
Philadelphia Co coll tr 4 Vis

95%

108 A

93

103

105%

sinking fund 4yas._——1960
4 y2s series A
-.1965

General

1023/4
1073/4

105

11

A-O

& Erie—See

&

1013/a

107% 107%

1965

Purchase money gold 4s_.
Y

*101% 102 y4
107%

1951

N Y Gas El Lt H

N

A-O

gold 4s

& ref

lien

A-O

106

—

102'% 104

Phelps Dodge conv 3y2s deb
—19521
Phila Bait & Wash 1st gold 4s—
i
General 5s series B__—1974

98%

3Vis series D

1st

N

N Y

1947
1965

110%

106

110

108% 108 3/a

Marquette 1st series A 5s—1956

1st

1st

105

87

315

97%

108%

104

Alncome4s_———,-Apr 1990;
& Pekin Union Ry syas*—r1974

733/4

103% 104%

5

108%

Peoria

79%

104%

110'A

a-o

& Eastern

Peoria

78 y4

M-S

108

m-n

Series E 3y2s gtd gold

Connecting RR 3 Vis A

Y

1948;

——1981,
Gen mtge 4V4S series
......1984,
Conv deb 3 As—
,——....1952
Peoples Gas L & C ref 5s
——1947

84

A-O

3

,

General 4'/»s series D

89

82

1974

105%

109Va

—1970

Debenture gold 4 y2s__^

;

•

N

,

3%s series C-,

mtge

General

•

series A—

4Vis

—1969
—1974

sterl stpd dollar——May 11948

Cons

3s

783/4

82

New York Chicago & St Louis—
Ref

——1968

3y2s.

General

96

f-a

D

ser

debentures

4s

99

j-j

106'A

104%

*105

--

j-j

33/4S

Power & Light

Gen

813/4

Mich Cent coll gold 3 Vis

——..1963

Pennsylvania RR—■
Ccnsol gold 4s__

74%

75%

75%

1944

ctfs„——..1952

u.

ref

&

4%s

783/4

69 A

1998
1998
1998

4s

Phila Electric

75%

'

111'A

104%

12

*103

j-d

1st

■■

78 y«

registered—

ctfs——1955.

-I960

Penna

%00
J

J-J

Pennsylvania Ohio & Detroit RR—
1st & ref 4%s. series E
—.1981

82

72 y8

3'/2s

1960

80

74

1997

M s f gold 3s loan

82%

30

80

75%

;F_-A

_3

81%

80

80

1998

—

110

20

105%

.,

80%

>

A-O

registered

.1966

1

1053/4

110

1051%

J-D

105

109

J-D

1st

83%

72

^

-4

110% 110%
105

J-D

Paterson & Passaic G & E cons 53.1949

,70%

71%

47
■

A-O

Shore coll gold 3Vis

108%

*99

1971

Pennsylvania Co—
<
Guaranteed 3y2s trust ctfs D

105

f-a

3 Vis

108%

110%

1966

75

.61

*71

a-o

.

1998

Lake

107%

108

Paramount Broadway Corp—

; 103%

'

62

5 'f

.,

104%

102%

14 •:

•

—

106%

22

Panhandle East P L 3s B

102%

101

-

•.'.'55;

72%

72%

103

2013

impt 4Vis series A

12

109 V*

—1970

84%

94 y4

10

—

&

106% 106%

99%

126'

*85y8

j .j

&

106%

J-J

Hl'%

11.7%

122%

4

•

a-o

Central RR 4s series A

Y

108%

J-J

110%

1
■

101% 101%

101%

j-j

1945

Ref

106%

98

93%

114%

•:

101 y8 101%

J -J

4Vis

Ref

14

109%

95%

impt 5s series C
,—2013
vConv secured 3'As
-1952
N Y Cent & Hud River 3Vis-—,—1997

N

106%

106% 106%

mtge 3y4s series C
1966
Paducah & 111 1st s f gold 4%is..—1955.

116

84/',

36

Newport & Cincinnati Bridge Co—
General gtd

J-J

•

*70

deposit

104 y4

108

v

J -j

deposit

——1954

23

23

Ref

103% 105 "
993/4 101 Vi
115

of

5Vis series A

104

105%

104% 104%

31

Coast Co 1st

Pacific Tel & Tel 3y4s series B

103%

*113Vi 114%

ACertificates

110%

*102%

103%

-1961

1st & ref M 36 series K

1073/4

102 y2

;\ 6

104y4
*101%. 104

A 1st

1093/4

104%

109% 110'A

93 '

9

.,104-

J-D

deposit—.———
A 1st 5s series ,C----.———,-1956
ACertificates of deposit———
A 1st 4 Vis series D
;—.-1956;

1081/8

108% 109

,

Af-N

ACertificates

::

•

403%

<

103'/a 103 vb

jANaugatuck RR 1st gold 4s

A-——1983

8

108 y8 108%

*107% 108

108'%

m-n

110

65

48

J

Newark Consol Gas

Vis——1952
New Orl Pud Ser 1st 5s series A__1952.
1st & ref 5s series B—,—,—1955
New Orleans Term 1st gtd 4s——1953.
INew Orleans Texas & Mexico. Ry—
§ANon-cum inc 5s series A—1935
ACertificates of deposit...
-/
A 1st 5s series B—
—1954

108

109

1053/4, 107%

>7

105

82

>

36

92

j-d

1st ref & imp 4

20 3/4

10ey4

1003/4

—1946

Pennsylvania Glass Sand 3V2s

ms

O & N E

15%
104%

1

J-D

con

&

Secured

—I960

New Orleans Great Nor 5s

1st

15
52

106% 106%

J-D

110%

m-n

Distillers Prod 3Vis__—i.1949

N

j-d

17

16%

105%

J-D

69 Vi

Dairy

—

Transmission

j-j

-1966

3%s

Elec

M-S

J-D

63 y8

66 V2

j-d

.

&

M-N

-1967

1961

101V*

60%

Nat

1954
1948;
JANew England RR gtd 5S—r—.1945
A Consol gtd 4s—
-1945
New England Tel & Tel 5s A—1952
1st gtd 4Vis series B———1961;
N J Junction RR gtd 1st 4s———1986.

112%

1964

96%

15

m-n

cons.5s—

111%

—1940

107%

m-n

3Vis sinking fund debentures
1949
National Steel 1st mtge 3s—1965^

~2

105 i/a 106

J-J

-1965

;

ref mtge 3%s series H
1st & ref mtge 3y2s series I
1st & ref mtge 3s series J

114%

105%

"

Nat

Prod 3Vis debs

112

112

gold 5s

1st

1

111%

111

21

>

j-d

;

~T

Af-3

Pacific Gas & El 4s series G

.Pacific

N
series A—,-1978

1103/4

w

1

Nash Chatt h St L 4s

108%

f-a

-

—1948

Guaranteed stpd.cons 5s—
Oregon-Wash RR & Nav 4s

105%

104%

109% 109%
111 A 111%

J-D

5s

67%

10

13%
.72%
'

60

70%

*105 >• 106%

1965
1966

ref 3Vis

88

87

109% 110

109%

72%

594%

-:

—-—1960

Tramways

5s

ny2
65

f-a

ext
(John) & Co 3s debs
& Essex 1st gtd 3 Vis

Montreal
Morrell

'-*{ 5

12 A

M-S

1st &

Power

66

81
97

5s
-1945
gold 4s—. ,.1946
Ore Short Line 1st cons gold, 5s_, -1946

56%

6

321

51

*60

J-J

-1972

1st mtge 4s—.—
1st mtge 33/4S—

72%

66%

1966

mtge 4Vis
debentures—

6s

%

O

56%
"22%

A-O

deposit—

Monongahela Ry 3 Vis series B
Monongahela W Penn Pub Serv—

182

J-J

1974
1964

§Alst guaranteed 4s—L
Ohio Edison 1st mtge 4s_..

56%

m-n

1st gtd gold 4s—1991

Moh'k & Malone

67

Co—

1st mtge 3y2s—

158

65 A -65 A'

gold 5Vis—_—
1949
gold 5s series H——1980
ACertificates of deposit
1st & ref 5s series I—
—1981
of

70%

2

2047

mtge 23/4s.'

651

•27%'

'•

64% ■66%

65%

'

& ref

ACertificates

98

53

96

65%

67

Q-a

.

-2047

5s series C'.;

*369

"

AConv
A 1st

102

88 %

96

.tOgdensburg & Lake Champlain Ry—

'

of

92%

71%

.41

*64%
m-a

series

ref 5s

&

ACertificates

190

993/a 100%

100 %

..2047

1st & ret mtge 3Vis—1967

(Wise)

80%

'

A 1st

12

104%

56%

97

'

49%

51A

A-

'AGeneral 4s——A-i—i.—1975
A 1st

130% 131%

130%

Q-F

6s series B

States Power

(Minn)

•

43

100

198

70%

66

a-o

5s series A—Jan 196'

adjust

46 Va

*120

'

ACum

473,4

43%

*129

Missouri-Kansas»Texas RR-r-

f Missouri Pacific -RR Co—
'
'
'
v
A 1st & ref 5s.series A-ii——1965

89%

37%

Af-S

Jan 2047

Ref & impt 5s series D__.__.-

Northern

43

73%

23
ill

•

70

—

82%

59

"

Ref & impt
Ref & impt

5Vi
42%

5

11

6Va
80%

103 y8 104%

j-d

.1990

Prior lien 5s series A

26

42%

Af-8

'

—1978

Mo Kansas & Texas 1st 4s„

104

:

;

•

-

•

30

.42%

40%

1st 5s——1959

& ref 5Vaa series B,w

A 1st

1

consol

89

*32

Q-J

Ref & impt 4r/as series A—.

12

3%

1

v,

i

—1938

4s

cons

§ A 1st

•

'.

1

stamped.;..—..—1938

§ A 1st

>

42 A

F-A

—1997

.

1949

—

88
40 %

88

A-O
•

1974

'

A Ref

High
1103/4

111

,-1974

& ref 5s

gen

Low

108 %

*109

„

J-J

1998

ref 4%s series A—

&

No.

'

J-J

50-yr 5s series A—1962

gold 4s

Central

Gen

tMinneapolis & St Louis RR—
A 1st

A___

Northern' Pacific' Ry prior lien 4s_vl997

75 y4
77 ya

86

series

»

94

1Q6%

13

A 106 Vi

mtge 4>/2s

A-O

1955

Range Since
January I

Sold

High

Co—

AGen mtge 5s conv inc____
-__2014
tSANorfoik Southern RR 5s A
^-1961
Norfolk & Western Ry 1st gold 43-1996

105%

70

27

1st

07

102%

•2

88%

70

J-D

-1939

_

<88

ms

Northern 1st ext 4Vis—1939

AgConsol ext 4V2S____

A-"

'1

88'A

A-O

05

99

105 '/a 105

J-J

Southern Ry

Bonds

Sale Prioe Bid & Asked

High

Low
1

Last

Period

January 1

No.

16

*97

m-n

3'/2s

impt 4%s series C

i§AMilw &

16

M-S

—1951
1952
;—1979
Michigan Cons Gas 1st mtge 3y2s_1969
tSAMidland of N J 1st ext 5s__J..1940
1st

Hiah

Week's Range
or Friday's

Friday
Interest

New York Stock Exchange

Range Since

Sold

Norfolk

Micingan Central—
Jack Lans & Sag
Ref

BONDS

Bonds

Friday's

Sale Price Bid & Asked

Period

FOR WEEK ENDING JUNE 10

Week's Range

95

109 Vi

25%

327

183/i

109%

3

10834

111
31

1093/4

R
Gen

& ref 4y2s series A

Gen & ref 4Vas series B

Remington Rand deb 3y2s_.
Revere Cooper & Brass 3y4s

t§ARio Grande West
Alst

cons

&

coll

—1997

J-J

1997

J-J

—1950
1960

Af-N

32

97

101 '/a

1033/4

97

94

104%

103i%

32

94i/i

1071/4 107'A

J-J

1st gold 4s__1939
trust 4s A
„194P

101'/a

1

1041/4

104%
107'A

102% 1023/4

42

1011/4

10l3/4

100 3/a

103%
103%
102%

'102
102

J-J

93

89%

93

43

4-0

57%

54

58

140

81

95

44%

59

Monday, June 19, 1944

THE COMMERCIAL & FINANCIAL CHRONICLE

2544

NEW YORK BOND RECORD
RANGE FOR WEEK

'

BONDS

Last

Interest

New York Stock Exchange

Low

No.

Corp—
Gen mtge 4%s series D__——1977
Gen mtge 3%s series H
_1967
Gen mtge 3%s series I—
—1967
Gen mtge 3Vis series J
-1969
*§AR I Ark & Louis 1st 4yas_,
1934
fARut-Canadian 4s stpd
1949
tSARutland RR 4%s stamped
1941

M-S

*125%

US

*111%

A-O

1st gold 4s__1946
Trenton Gas & Elec 1st gold 5s
1949

A-O

111%

•

J-D

*115%

1111/2

Buff

&

*

102 %

M-S

Jf-N

2d 4s

J-J

A 1st

cons

,

;,

San

South

126%

__

60%

30%

401/4

•,381/2

36%

F-A

36%

1

106%

123

124

107

IOI/2

5

105%

95%

f

94

3

/

F-A

86

83%

86%

398

69

> 80%

78%

80%

244

66%

M-N

79%

78%

80%

561

65%

342

104% 105%
99

'

101%
91%

84

106V8
101

A-O

-

180

87

851/2

85%

114%

105

45

110% 112%

112%

73%

87

A-O

1041/8

104

104%

58

92%

104%

A-O

107

106% 107%

41

96

108%

J-J

100%

109%

*109

110

105

105

*3

100%

106

111

J-J

111%

25

110%

112%

106%

107%

110%

111%

M-N

*111%

Apr

561/2

UV/2

J-J

*106% 1081/4

F-A

53

1

103%

11

102%

;

100

102

80

97

A-O

J-J

1051/a

104% 105%

17

104%

106 /a

J-J

103%

103% 104

22

103/8

105%

5

105%

106%

102%

118

118

M-N

1951

J-J

& RR gen 5s

refund

Gen

cons

106% 106%

Jf-N

f gold 4s

s

1944

5s

*102% 103%

3s

J-J

&

181

68

83%

287

56

Funding & real estate 4%s
25-year gold 5s
5s—
Westinghouse El & Mfg 2/8s—

Gen

&

ref

1st

5s

series

*106

111

Wisconsin Public Service

91%

106%

1st mtge s

33

105

106 Vi

Jf-N

105%

105% 106 y4

27

105/4

106%

119 J/4 119%

2

115%

120

not Included in the

B

1977

A-O

93

94

71

81%

C

_1979

A-O

92%

91%

93%

87

79%

95%

D

1980

J-D

92%

91%

93

39

80%

96

1964

M-S

I960

J-J

80%

79%

80%

67

A-O

33%

33

34%

203

30%

37%

8

96%

a

96%

series

102%

1st ref 4s„
5s

101% 107%

68

107%

y 107

106%

105% 106%

64

102 V

107%

105% 107

85

100%

107,

101

101%

3

101% 101%

72%

J-J

70%

67%

70%

70

55%

J-J

66%

64%

66%

56

53

111%

10

110%

97%

100

91%

98

33

101%

104

US

111

MS

967/a

97%

A-O

103% 104

104

J-J

116% ■116%

*116%

J-J

■

Jf-N

70

17%

16%

17

74%

60V8
16/8

232

70%

■

-

57%

70

68%

69%

69%

111%

22

22%
18

15%
A-O

109 Vi

*109% 109%

J-J

110%

107% 108%

107%

107% 107 %

M-S

101

101

101A

15

101

M-N

104%

104

104%

92

101% 104%

104

Included In the year's range,

J-D

series

Ry

107/a

,

99

102/4

89

105% 106

ref 5s

Income

f 3%s series D

100% 102/4

ref

Ave

105%

V 77%

106%

M-N

—..1948
1960

105%

&

AAdl

101

98%

132

■

Jf-S

—1968
1971

3%s

102%

&

Third

95

106%

Gen

Tex Pac Mo Pac Ter 5Vis A

88%

20

Tube—

Youngstown Sheet &
Conv deb 4s—

113

105%

10

112% 113

112%

Gen

5s

10
189

J-D

4s—1936

Wisconsin Elec Power 3%s

2000

gold 5s

118%

109%
110% 112%
108%

105%
92% 95. :

105

.

(ASu 81 Du div & term 1st
ACertificates of deposit

101

118
2.

110% 111

100

105%

1

deposit

of

101%

99% 100%

A-O

Jf-N

102%

101

118

108% 109

Jf-S

53

98

*101

*117

110%

102

101

9

*101

J-J

,

ACertificates

38%

101% 102%

101%

83%

Vi 95%

9

F-A

1st 4s guaranteed
—

9

51

J-D

2361
l
Registered
2361
Wheeling & Lake Erie RR 4s
1949
Wheeling Steel 1st 3%s series B—1966
Wilson & Co 1st mortgage 3s
1958
Winston-Salem S B 1st 4s——.—1960
JAWisconsin Central 1st 4$—
1949
West Shore

101

50

F-A

1950
1951
—I960
1951

;

100
51

Q-Jf

series A

ref 5%s

1965

Pacific

&

104%
85
'

85

78

F-A

A-O

..1959

debentures

100%

80%

83%

A-O

F-A

1950

3s deb

Company

Texas

103

J-J

Tfxarkana & Ft Smith 5 Vis A
Texas

33

103%

85

Apr

1*2

121

*118

F-A

.———1953

mtge 3%s series B„1974

Ref & impt

103"

59

109% 109 7/a

103

-

111

103%

1950
1961

Terminal Assn St L 1st

109%

.

109%

Apr

Ti
Tenn Coal Iron

11

96%

95

US

-1955

30-year

104

J-D

,-1953

96

*102% 105%

J-J

60

56 Vi

103

111%

90

series I—1966
1952
1977
t A Western Pacific 1st 5s ser A—1946
Western Union Telegraph Co—

J-J

J-J

112

109/2

3 %s————1967

1st

.

100%

112

J-J

Maryland 1st 4s

Western

84%

65%

28

394

79%

78

791/2
105%
100%

*108%
*112

*110% 111
*98
104%

J-D

Gen: mtge

85

A-O

99%

Jf-S

West Penn: Power 3%s

89%

MS

J-J

103

.98%

M-S

Washington Central Ry 1st 4s
1948
Washington Term 1st gtd 3%s_—_1945
1
1st 40-year guaranteed 4s_
1945
Westchester Ltg 5s stpd gtd_
1950

101%

MS

M-N

1

M-N

ref gtd gold 3%s„2000

Walworth Co

"Warren RR 1st

.

•;

102%

,

101%

98%

98%

1971
1981
1991

mtge inc 4%s ser B
1st mtge 4s

AGen

101%

101

101%

102
11

.

.

mtge 4s inc series A

AGen

108%

57

101

103

101%

•"-

102% 103

.Jf-S

1966

series A

1st mtge 4s

.

: 108%

-

Pub Serv 4s—
1972
ASpokane Internat 1st gold 4Vis—2013
Stand Oil of Calif 2%s debs
1968
Standard Oil N J deb 3s
1961
Superior Oil 3Vis debs
Swift & Co 2%s debs

*102%

A-O

101%

W
iWabash RR Co—

103%

,

105%

107% 107%

J-D

Southwestern

debenture

M-N

103%
102%

101%

101%

*102% 102%

.

7

J-D

2%

*102

M-N

i

101 Va

101 Vi

101%

M-N

Virginian Ry 3%a series A

105%

103

^

15

108% 1081/2

J-J

101%

*101%

V

65%

52%

'

»T-—

102%

103

6

:

54

100%

*126

A-O

100% 101%
101% 102

101% 101%
*101%

102

101/2101%

A-O

*101%
*iooy8

M-N

62

36
100

1

1051/2 106

106

101% 102%
102% 102%

*101

M-N

M-N

60

49

♦1031/a 103%

F-A
J-J

104%

42

60

60

104./ 1041/a

A-O

101%

*102

A—1955
Cons s f 4s series B
1957
Va Elec & Pwr 3%s series
—i_1968
Va Iron Coal & Coke 1st gold 5s—1949
Va & Southwest 1st gtd 5s
—2003
1st cons 5s„
i—1958

43%

27%

IOI1/2

*101

-

42%

36

100% 101%

1011/4

104

41

*101% 102%

—

28%

18

37%

36

*

100%

103% 104

M-N

'

69

55%

11

M-N

11953
1 1953
May 11954
Nov 1 1954
May 11955;

Vandalla RR cons g 4s series

31

56

39i/a

53%

522

40%

371/2

55%

101% 103

Nov

1951.
Universal Pictures 3%s debs——1959

32%

20

3

106

*107% 109%
103

—May

—

-2.50s

2.65s

69

21%

99

28%

>281/4

1964
1968

B

110%
107

M-N

United Stockyards 4%s w w

68%

43

236

65

28

\

43%

12

63 Vs.

60

63

J-J

& gen

Southwestern Bell Tel 3%s
1st & ref 3s series C

;

2.60s

128%

J-J

1st cons gold 5s——1994
4s series A
—1956
Devel & gen 6s
1956
Devel & gen 6 %s—————1956
Mem Div 1st gold 5s
1996
Bt Louis Div 1st gold 4s
1951
Devel

*128

F-A

Southern Ry

109

105%

F-A

----

39

38%

30%

__

39 '/a

—1955

Stamped

109% 1097/8

104%

US

1981

109%

31%

103%

M-~S

—1950

1st 4s
Pac RR 1st ref gtd 4s

105%

M-N
,

-

-1969

105%

102%

M-N
'

:■ >

May 1 1952
Nov 1 1952

—_

2.45s

99%

22%

55

37%

102%

19

F-A

:

May 11950

-

2.40s

61/a

92
''

102

A-O

J968

Fran Term

38%

235

21

104% 105%

A-O

—Nov 1 1950

2.35s

79%

341/2

'

Gold 4V2s

2.20s

83%

57%

*1041/4 104%

64

Gold 4%s

70%

6iy8

104% 105

105%

A-O

Nov

■2.55s

33

__

28

J-D

May 11949
11949

—

.

,

106

♦104 '/a

30

Gold 4%S

:

37%

97

-

—

j

108%

107% 107%

A-O

■

—A'ug 1949
-1949..
—1977

A

-

U-N

—1979

—

28%

24

571/2

37%

F-A

1933

Pac coll)—

77

A-O

.-1945

(Oregon Lines)

37%

321/2

-—-

registered-

4s

1st 4Vas

28%

MS

Pacific Co—

(Cent

4s

678

79

J-J

A-O

debentures——

3s

48%

4

gASeaboard All Fla 6s A ctfs——1935
A 6s series B certificates-, .——1933
Shell Union Oil 2%s debs—
1954
23/4S sinking fund debentures-.—1961
ASllesian-Am Corp coll tr 7s
1941
Simmons Co debentures 4s
—1952
Bkelly Oil 3s debentures—
^-—1950
Socony-Vacuum Oil 3s debs———1964
South & Nor Ala RR gtd 5s
1963
Bouth Bell Tel & Tel 3%s
-1962
Southern

49%

36%

82%

*99'/8

J-D

A-O

1st gtd 4s_

J§ AAtl & Birm

"60%

J-J

—1959

of . deposit

36 %

76%

''79

J-J

.—1950

A

6s series

ACertificates

'■<

32%

8

104

107%

107%

M-N

—

"

80 %v

J-J

Distillers 4s s 1 deb——-1953
N E 1st gtd 4s—
1989
tSeaboard Air Line Ry
,—1950
5 a 1st gold 4s unstamped\ jARefunding 4s_————
ACertificates of deposit,

89

14

103% 103%

106

102%

*104% 105

Steel Corp—

States

2.15s

249

105

105

105

112
19%

19

103%

;

grant 4s

'2.10s

34%

33%

land

2.05s

*;

Schenley

.

45

35%

33%

107%

111

1
12

19%

Serial debentures

94

33

:

431/a

35%

U-N

48-1968

<

100

97%
89%

Pacific RR—
&

United

i

Scioto V &

stamped

95%

44

45

341/2

«ASt P & K C Sh L
Paul Union Depot

§A4s gold

81

996

41 i/a

421%
42

MS

99%

.

41%

'

39

-45

95

10

J-J

1st

«—

95% 100%

/

;

,—1947
34-year 3%s deb—
1970
t
35-year 3%s deb
1971
Ref mtge 3%s series A
1980
United Biscuit 3%s debs
1955
United Cigar-Whelan Stores 5s—1952
United Drug 3%s debs
——.1958

73%

3

94 i/i

39%

41 y8

JS

Trk 1st 4%s
1947
gtd 4% 8
1941
3%s B——1971

Paul E Gr

$ A St
fit

41%

111

19%

J-J

.

72%

;

16

99% 100

J-J

-—1989
Nov 1989

1st cons gold

& Duluth

95'/2

*93

J-J

& unifying 5s—_—-1952
& ref gold 5s series A—--1990

AGen

94'/4

106%

—

107

111

111

F-A

1967

Union

63

144

V'<

1959

debentures

3s

62%

3

98

v

103%

U

106

"

W- ;

99

Af-8

IA 1st term

St Paul

97%

A-O

107

106

;•.:

97%

Louis-Southwestern Ry—

A
.

—

105

6

72%

*75'/8 '

A-0

Jf-N

_1943

19

106%

72%

J-J

—1971

104

101%

4

102%

107

16%

12

107

*—

J-J

■

bond certificates
inc bond ctfs

Union Electric Co of Mo 3%s

11

'

N W 1st gtd 5s
194b
Bt L Pub Serv 1st mtge 5s_
1959
Bt L Rocky Mt & P 5s stpd
—1955
ISt Louis San Francisco Ry
APrior lien 4s ser A
1950
ACertificates of deposit———---APrior lien 5s series B__
1950
ACertificates of deposit
A Cons M 4%s series A—-----1978
ACertificates of deposit stpd
—
4s

107

107

1953

50

20

14V4

39%

12

13

l-O

lASt L Peor &

1st

148
9

11

J-J

101%

1081/2.1091/2

48/2

j-J

Grand Island 1st 4s
1947
Bt Lawr & Adir 1st gold 5s——1990
2d gold 6s
-—--—1998
tSt Louis Iron Mountain & Southern—
River & Gulf Division
A 1st 4s stamped
1933
ACertificates of deposit
—

♦St

451/2

48 y2

MS

1968

Ltd 1st M 4Vis

108'/a

MS

Jos &

St

Tri-Cont Corp 5s conv deb A

us

High

Low

No.

*103% 105

Ham

Toronto

__

„

January 1

Sold

Hiah

Low

Range Since

Bonds

Sale Price Bid & Asked

High

tSAUnion Elec Ry (Chic) 5s
Union Oil of Calif 3s deb

Baguenay Pwr

Week's Range
or Friday's

Last

Period

January 1

Toledo St Louis & West 1st 4s_—_1950

& Elec

Gas

Friday
Interest

New York Stock Exchang*

Range Since

Sold

High

Low

Rochester

16
BONDS

Bonds

Friday's

or

Sale Price Bid & Asked

Period

ENDING JUNE

Week's Range

Friday

Jan i960

Tol & Ohio Cent ref & impt 33/4S—1960

93

*

J-D

102% 102%

83%

71

not included in the year's range,
d Ex-Interest,
e Odd-lot sale not
n Under-the-rule sale not Included In the year'* range.
rCash *ale
year's range.

delivery sale

tThe price represented 1* the dollar quotation per 200Accrued interest payable at the exchange rate of $4.8484.
/(Companies reported as being In bankruptcy, receivership, or reorganized under Bectlon 77 ot
SNegotiability Impaired by maturity.

pound unit of bonds.

112

108

107%

-

Deferred

the Bankruptcy Act.

.

or

securities assumed by such companies.

•Friday's bid and asked prices; no sales being
-ABonds selling flat.

transacted during current week.

NEW YORK CURB EXCHANGE
AND

WEEKLY
in

iootnote

in

following extensive list

June 10,
include

the

are disregarded in the week's range unless they are the only transactions of the
which they occur.
No account is taken of such sales in computing the range for the year.

In the

a

and

week

in

we

furnish

ending the present Friday
security, whether stock

every

a

complete record of the transactions on the New

(June

16,

1944).

bond, in which

or

It

any

is

STOCKS
York

Curb

.

Exchange

Week's

Friday
Last

Range

Sale Price
Par
Acme

Wlrp

Co

common

of Prices

Low

Aero

Supply Mfg class

Class

Ainsworth
Air

Air

(NJ)

Convertible

1

preferred

Electric

1_

Corp_I

common

3%

3%

9%

9

j

I" 500
211" 2
2

Appliance

I

10

3

Great Southern
50
Alabama Power Co $7
preferred""!!' •

preferred

footnotes

,

see

page

2549.




2,200

Mar

Allied

20

Apr

21

Jan

Allied

Jun

4

6%
x8%

Feb

8%

10

4,500

3%

4

19,900

2

Jan

2%

2%

900

2

Jan

35

Jan

2%

3%

99%

99%

9,800
10

2%
89
114

——

105% 106

60

Intl Investing $3
Products

Feb

Apr
Jan

9%
10

Jun

conv

pfd.

*

10

(Mich)

■>

.

26%

3%
102

Jan

Jun
Mar

Feb

104% Mar

^onv!

A

23%

26%

1,100
600

6%

preferred

;

—

26%

25%

32%

31%

32%

Goods

Aluminum

Industries common

Aluminium
,

6%

Ltd

Mfg

common

„100

110%

V

American Beverage common—

Book

American

Central

Co—

Mfg___.

1,200

Jan

Low

High

17

May

22% Feb

26%

23%

28

Apr

27% Mar
109 % Feb
18%

—

preferred

American

7,300

.

Feb

34%
113

Jun

Feb
Jun
Jun

19% Mar

•

11%

10

11%

600

11%

Jun

*

79%

78%

79%

900

73%

Jan

84

Jan

97%

98

250

95%

Jun

103

100

Jun

110% 110%

i

•

Aluminum

106% May

118%

25

common

No.
8%

.

.

Range Since January 1

High

■

26%

Aluminum Co new common

Jun

4% May
2% Feb
35%

Class

Feb

■

__

Shares

!"

for Week

•

3%

2%

3%

Range
of Prices

Low

26

4,100

9%

Sales

Week's

Last

High

Jan

3%

_

For

3%

10

Alabama
$fi

Low

—

Friday

STOCKS—

Sale Price

22

.;

5

commonZZIl

Accessories

Investors

Air-Way

1

"22
Mfg

Associates Inc

Aircraft

A__II~

B

;

,.New York Curb Exchange

High
—

of the Curb Exchange itself, and is

Range since January 1

'

—

Saturday,
intended to

York Curb Exchange for the week beginning on

JUNE 16

Sales

in

shown

.

,

dealings have occurred during the current year.

for Week

Shares

week, and when Belling outside the regular weekly range are

compiled entirely from the daily reports

RANGE FOR WEEK ENDING

New

RECORD

YEARLY

?as.h a"d deferred delivery sales

1

__100
1

—

35

8%

2

33%
8%

2

35

9%

200.

360

2,300

9

May

1% Jan

^8% Jan
" 5% Jan

Feb

2% Mar
35

Jun

9% May

.

THE COMMERCIAL & FINANCIAL CHRONICLE

Number 4291

.Volume 159

EXCHANGE

NEW YORK CURB

FOR WEEK ENDING

RANGE

York

New

Last

Exchange

Curb

Range

Sale Price

i

Low

Par

1

Hiah

Class

..

Class

39%

3 8'/a

381/a
2%

10
10

42

39%

36%

warrants-

%

%

,

class A

Cyanamid
non-voting

B

American

Foreign Power

&

American

Fork

American

Gas

American

Post

Anchor

Fence

7%

Feb

6%

425

7

Capital

42%

42%

107

II l'/a

Jan

Jun

5%

Jan

34%

Jan

25

41'A

Jan

43%

7

Jun

'

181/4

750

14%

Apr

550

25%

Feb

Carnation

Carolina Power &
$6

(J

Casco

Products—;——*
(A M)

Castle

Catalin

Corp

40%

40%

411%

450

35%

Jan

43

94%

94%

40

88%

Feb

97

May

Central

Hudson

1

l'/a

2,800

26

27%

1,800

40%

41%

500

12%

13%

4%

4%

iV

13,000

106% 108%

400

1

%

16

14%

7

1% Mar

Jan

Central

Ohio

10%

Jan

15 yB

3%

Jan

47/s

Coast

300

5%

6

3

3%

2%

21%

500

7

4 Vb

Mar

6

Jan

2% May

3%

Jan

2% Mar

3

Jan

17%

18% *

500

107% 108

13

390

106%

Jun

4%

2,500

2%

Apr

3%'

3,400

3;

3%

4

18%

Jan

7,000

3

Feb
Mar

110

Coast

Line

9%

10%

1

10
10%
106% 107

10%

o

61/4

May
May

600

9%
97%

10%

6%

7,500
1,800

1,800

6%

43

43

Drop Forge common—*

_5

Atlas

Plywood

-1

121%

6%

Apr

Jan

Claude

8

Steel

Barlow

&

% May

Corp

Clinchfield
Club

Jan

80

12%

Feb

275

2'/a

14,400

31

47% May

Jan

1 %

2'%

May
/

Jun

Cockshutt
Colon

Jan

9%

Apr
Feb

I3y8

5%

5%

5%

1,300

4%

Jan

5%

Jun

9%

Jan

Community

14% May

100

8% May
Jun
Mar

5

8
May
21% Feb

9%

24

Jan

Colt's

convertible preferred
Bellanca Aircraft common

20%

2,900

Mar

25

Feb

6%

~8»/a

"7%

7

614

Jan

40%

Jan

8y2

Jun

6.300

2%

2

11,300

Blauner's

17

25%

25%

50

3%

4,900

2%

2 7/8

135

135

10

19

3%

10

14%

Feb

& Co

Apr

6'%

75

Jup

Jan

9

May

14% Mar

17%

Jun

21

25%

2% Jan
127%

4% Mar

(H C)

Apr

Apr
% May

14%

200

-

***37

6%

131/8

3,600

"11%

2%

8,300

1%

47%

800

43 y2

Cor; '/On

Feb

Jan
Jan

10%

7%

Bourjois

Inc

—

1st preferred

$5

2d

Feb

$6

Jan

—•
.*

Co

•

.—*

.

V,2%.

Brazilian

Traction Lgt & Pwr

Southern

I—1

Aeronautical

1

2

Brill

class

Corp

Class

7%

10%

——...

—1*
I100

Mfg

Co

*,

11%

Oif

American

American

British

Am

dep

ord

rets

Celanese

British
Amer

% Mar

Jan

1,600

1

Jan

3% Mar

18%
9%

Jan

Apr

dep rets ord

$6

A

preferred

Ltd

.—1

3,600

9%

Apr

13%

Bruce

(E L)

Co

6%

Feb

12 Vb

1%

Jan

600

137%

700

81%

128% May

Jan
Jan

Mar

14

1st

$5

Bunker
Burco
Burma

Burry
Butler

preferred
preferred—

Hill

Inc

Feb

20

Feb

Jan

17

Feb

4%

'■1;

900

"3%

.2%

100'

4%

Jun

17%

Apr

Jan

May.

2%

1% May
3% Feb

4%

Jun

Apr

3%

4y8
17%

1,400
200

14%

Feb

17% Mar

22%

5,900

17%

Jan

26

May

85

60

77%

Jan

85

Jun

"3%

1%

.**25

9.100

1250

**^_r.

Jan

3%

Jun

21

3%

2%

Jan

26 y2

Jun

9

Jan

9%

16%
101 y2

9%

9%

1.100

16%

17%

14,800

14%

Apr

17%

Jan

100% 1Q1%

400

97%

Feb

104 %

Jan

,9%

9%

1,500

Feb

1%
12 %o

common*—

12

1%

1%

15,300

1

3 %

3y2

8,600

3

Jun

1%

Apr

4% May**

250

Jan

4

Apr

3%

,,

Jan

34

9 VB May

31'/a

Corp Am dep rets—

Feb

9%

;

Biscuit Corp*—

H)

Jun

17

•

$3 preferred

(P

19%

Feb

18

20%

•

*

Sullivan*.

&

400

84

Buckeye Pipe Line—
;_*.
Buffalo Niagara & East Power—
$1.60

19%

5

*

American
Calamba
California
Callite

dep rets 5%

Sugar

Tunsrsten

Canadian Car &

Participating
For

pfd

Estate*

Electric

rmX

ff Jan r'

Jan

w":5% Jan

fi.it

■

'

,

1

Corp

„10

1

.

■

1% Mar

Jan

6%

7V2

footnotes

see

page




__25

2549.

9%

Jan

Apr

3%

Jun

37

1,750

69

800

35

6%

Feb

47% Mar

May

56 V2

Jan

71

3%

Jan

3/64

200

20%

Feb

23

4Mar

%

100

%

Apr

1

May

200

9%

Jan

32

'

%
10%

10%

11

'

11%

'/a Mar

100

%

%

33'/a

Feb

4

1% Mar
33 %

Jan
Jan

5%

5

5%

700

X65

66%

1,400

116

116%

80

104

106 %

90

104

4%

1,700

5%

Feb
113'% Feb

4%

38%
8%

37%

38 %

,

8%

7,100

12

11%

4

3%

800

l'/a

12

9%

Jan

9

420

100
12

4

Apr
Apr

May

12

May

4

Mar

50

2

Jan

9%

Jun

■«■

115

Jan

10,100

105% 106%

106%

3%

11%

11%

Feb

8%

Jan

5,700

:

i

Jan

1.400

ri% "l%

6

38

Jan

Jan

Jun

117% May
110'/a Mar

Jan

6%

Jan
Mar

69

Jun

4%
32

725*

X6%

63%

114%

100

Jan

'

66%

•

Mar

300

22%

32

22

•

•
50

—

13%
6 Vb

~6%

13%
6%

2,300

Vs

3,500

%

May

11%

Jun

1

50

preferred

2%
26'%

2%

2%

7,100

27

25

375

Feb
14

Apr
2% Mar

Jan

84

Mar

2

Feb

2% Mar

"23

Jan

29% Mar

100

87

Jun

6% May

Jan
Jan

1%

100
5

86%

13%

Apr

%
12

■It % "l%

106% May

5% Feb

.

.

87

Jun

,

9

.

A

Inc

4%

•

preferred

10%

2.500

3%

10%

25c

common

4.900

9%

1%

•
9

(Md)

16.500

1%
4%

1,300
900

10%

1

13%

"2%

14

,/

2%

2%

4.000

U

U

!

*

2.50

common

Feb

Jan

10%

Jun

Jan

4%

Apr

2

14

Jan

%

25% Mar

Apr

Jan

Apr
Feb

16.000

19 Vb

1.200

Mar

2% Mar

Jan

10

22%

24%

24%

9

8%

9%

2%

2%

2%

v

250

9

Apr

11%
24%

Jun

3%

Jan

9%

Jun

2 Vb

Apr

3

Feb

8% May

10
9

1'%

3%

3%

24%

•

8% Mar

28'% Mar

Jan

200

29

common

%

Apr
Jun

23

25%

23%

25

1

7%

9

May

Jan

D

100

5%

Apr

7
6%

1.400

5%

Jan

7% Mar

4%

Jan

6%

7.400

39%

III

convertible**.

—1

preferred

*50

-5

debenture*—-—

Gasket

6%

&

*

—1•

"4%

—.

Mar

8

May

4%

900

4%

20

70

14%

8%

5.000

"I

Jan

77

Mar

Jan

135

May

Jan

8%

72

Jun

79%

Feb

12%

Feb

14 Vb

Jun

Jan

20%

Jun

5%

"l%

3.100

%

6.900

3%

Jan

20%

Jan
Jan

Feb

23%

24

200

15

24

15

:: 100

*10
»

1%

Jan

4%

10%

.

4%

.*10

*

4% Mar

Jan

65

22

Steel Products

—

40

100

*20

4%

*

3%

Jun

19

73

14%

"*1%

Distillers

36

72%

—

—1

Shoe

Jan

6% Mar

72%

—I

Diamond

33 Vb

100

8%

*10

Iron Foundry

common

100

8

8%

Gray

Co

35

8

Jun
Mar

113

Mich Stove Co common

preferred

19%

70

Detroit

7 Vo

26

Jan

.»

Detroit

De Vilbiss

39%

15%

*

III

Mfg

preferred—*

Detroit

Jan

Jan

1,850

100

Derby Oil & Refining Corp com
A convertible preferred***;
Detroit

17

19%

35

19%

*35

Dejay Stores—*—*
—
Dennison Mfg class A common
$6 prior

5.700

18%

8

Dayton Rubber Mfg—

8%

39%

24

6

Jun

Jun

4% May
24

Jun

25'% Mar
10%

Feb

15

13% Mar

Jun

Co Ltd—

common

—1

*

Dobeckmun

Co

Steel

&

Hosiery

9'%

Jan

13%

400

I10

Feb

6'% Mar

5% May

23%

Jun

23%

25

69

69%

50

67

Feb

72'% Mar

27%

27%

50

26%

Feb

29'%

Jan

Feb

81

Jun

6%

27%

Jan

6% Mar

Feb

6%

74

•

class B

Feb
Jun

22% May

—

ifr

7% Feb

3%

common*.

—1

Sulphur

3%

3%

3%

xlO%

Corp common

Duval Texas

,

Jan

1-0%

23%

—*—

Co

|4

5%

100

•

*

Corp

Durham

6-

Mar

4.400

9%
12

125

Coal B

Dominion Tar & Chemical Ltd——

Draper

5%

_•

Bridge Co Ltd

8%
12

„1

Domestic Industries class A pom
Dominion

9%

—1

common

Dominion

13

_£1

rets ord reg—
Corporation

Am dep

Divco

xio%

ioy8

1,600
200'

Jan

5% Mar

2%

Jan

3%

Jan

9%

Jan

10%

Jun

Jun

7%

,,^%
^T5%

Jan

„East Gas & Fuel Assoc common
4

% %

ftct,

Foupdry Ltd—»
preference

Apr

2%

3% May

%

500

7%
6%

Jun

6%

4,500

l%Mar

3% May

1

£1

—

Power***

4

4,700

3%

1

Darby Petroleum common
Davenport Hosiery Mills

Duro Test

.

2,300

8

67%

—

*

Duke Power Co

.

4%

7

1

(Mo)

Co

Driver Harris
•'

Cable Electric Products common—50e
Voting trust certificates*—
50o
Cables & Wireless—

Jun

2%

Apr

1 % Mar

■

IIIi

common*.**

common

Feb

11

Jan

Feb

6,200

1%

4y8

$5 prior preferred
Brown Rubber Co

10

3%

Feb

22

Jan

21%

♦

Jun

14 % Mar

4%

*5

common

Lighting

Curtis Mfg

I—1

*

*

18

8

10

common

Curtis

21 %

17

Brown Forman Distillers*;

Feb
Jan

2% May

100

-

36

lOo

Tobacco

Feb

10%

2%

Jan

100

Sugar

Jun

12

.

37%

11%

500

—100

Atlantic

Jan

50

22

Power class A—

Brown Fence & Wire common
Class

4%

Jan

Jun

•

Oil

Cuban

3%

:

20

—

Jan

%

6 % May

11

2,500

3%

10%; 11

1

Oil Refining
preferred

12 '%

1% May

15'A

—10s

reg

Mar

Jan

100

Corp**

Crystal

Cuban

21 Vb

Jan

7,900

£1

B '_*

Class

i8

—

*•

convertible

"Vt

17% Mar

Ltd—

Columbia

British

3%

Jun

9

22%

Jan

*1

Co

International

12

Jan
Jan

.*£1

reg

16%

May

9

Feb

30%

600

<

receipts (ord reg)—£1

Crown Drug Co

Tobacco—

Am dep rects ord bearer

17%

.3%

.

68

1

common***

Cork

Crown

3,500

19.-

33

•

Petrol

Class A

III*

Co

34

34

110

Jan

%

Jun

12% May

Jan

18

1,600

37

'

British

200

4

-1
*

Cent

Mar

%

._*•

common

%

13

a'a

1946

Crown

Mar

5,000

128

<

20

.

%

22%

Co

Brewing

27

12%

130

'*

20

25

—

& Machine Co

dep

105

2%

1%

6%

7;

2,800

"L*

*

Jan

i2y2

10%

-

v

1% *9
•

wanants—

Petroleum

Croft

6%

"

Jan

Utilities*—4.—.*,—1

Petroleum

Creole

11% Mar

Feb

21 y8

22-

85 Vb

17% Mar
115%

,

Reynolds

&

Jan

l7/a

>9%

»

A

B

preferred—

Brillo

'

*

Bridgeport Gas Light Co

Bridgeport Oil Co.*

;

Jan

*

preferred

80

10%

12%

Jan

8%

Jun

3%

;

Co—

convertible

5%

14% Mar

Jan

2oy8

21 Vs

Corp common*

2%

,1%

Jun

8%

Feb

92%

500

•

Co
Gold Mines

American

48 V* Mar

700
14%

13%

2,070

11%

25

Courtaulds Ltd—

Mar

3

3,700

%
12

,34%
■

Breeze

20

35,800

11%

11%

*

preferred A

Cosden

9y2 May

15%

10 %

I •
Iloo

——

preferred

Brewster

94

—

Bowman-Biltmore common*.
7 %

94

•

15%

110% 113%

15%

112%

10

*

24

.*25

Jun

14%

Coro Inc d

Jan

8V2 May

Apr

2%

Jan

14%

Feb

12%

2%

.100

Apr

53% May

*

Range

iy8

Jan

13 Vs

Co common

108

Jan

44%

100

Fdy

Cornucopia

,_1
*

1st preferred

7%

Jan

17%

Cook Paint & Varnish Co

Copper

6%

Borne Scrymser Co

82

425

96% 108

104%

116

350

Crowley Milner & Co
Bohack

Jan

Jan

44%

Arms

Steel

prior

Jan

30

12

1%

Jun

■;.;35

500

Jun

8

14%

Jan

Continental Gas & Electric Cc—

135

50

14

9

7% Mar
13%
97

10

Electric—/

&

Textile

Consol

Feb

50

14

150

43

warrants

preferred
Royalty

Continental

Jun

Apr

1.100

14

14%

14

Mar

1

Gas

Consolidated

8'A

•

8%

4% May

2,400

47

9% May

Apr

Jan

——100

Consolidated Mining & Smelt
Consolidated Retail Stores

Jan

7%

471/2

100

100

Consolidated

II

•

.

Feb

7%

.300

7%

%

preferred series C__.

4%

Consolidated

Jan

1

...

6

6,200

9

7%

1,700

series B preferred—

4%%

Apr

;

8

Jun

% Mar

%

common

Biscuit

5%

35%

14

9

8%

1

L P Bait

Jun

%

,

Jun

117%

Apr
Jan

%

irff

—;

preferred

4 .V

34

-

8%
.

& Coke Secur common—•

16 y8

35%

35%

1

common

(S)

600

17

17

•

Ridge Corp common
$3 optional convertible preferred

Blumenthal

100

112

•

extended to

c

Feb

65

Fdy & Mach Co com—*

common

(E W)

4%

-

*•

1

Blue

t

2%

4.900

100

300

11

Jan

—1

Public Service

Consolidated

8y8 Mar

Jan

13

250

'

4%

4%

1

common

Birdsboro Steel

15

4

100
•

*

Benson & Hedges common
Convertible preferred
Berkey & Gay Furniture

Bickfords Inc

14%

8%

1,800
%

99% Mar

Jan

Water Service**
Compo Shoe Machinery—
/

Feb

6'%

21,700

~8'%

2%

2%

Jun

39%

6%

20

of Canada

Bell Tel

23%

11

Jun

96 Vb May

6%

common

Gas &

Consol G E

10

;

$1.50

Bliss

22%

119%

225

preference

5%

$3

23%

10
290

8%

Illuminating

Fire

Patent

Columbia

Conn Gas

•

Mills Inc common

Beaunlt

Jun

Jun

21 % May

8%

Community

200

1

*

Jan

119%

A

•

Co

Commonwealth

Jun

9
24

8%
24

•

100

Ties

9%

May

15

4

;

Airlines

3%

4%

common—

7% May

10

•

Colorado Fuel & Iron

5y2

14%

(L)

5

Development ordinary

Colonial

600

1

Brummel

2,400

20

25

Corp

Plow

4,800

8

1st preferred

7%

Beau

Coal

14,800

Inc

Baumann

Jun

8

Jan

Feb

Jan

fieelig

Refractories

6'%

119% 119%
97
98%

5

—

Aluminum -Utensil

4%

1

;

3% May

117% 117%

1

8%

1

22.7Q0

**-

8%

Co

Cleveland Tractor

Feb
Apr

8%

30

common

6%

10

4

131/8

Mfg—
convertible A common.*

$1.20
Basic

7

Co

Jun

8% Mar

4%

8%

Mining

Electric

1%

\

———

Rubber

Barium

~

Jun

16%

«% Mar

—

400

6

1

Lights Inc

4%

*
;

May

113

14%

10

Lambert Mfg

&

11%

for common*—*

warrants

preferred

7%

Baldwin

Neon

3

B
Purchase

Controller

Clayton

V

-

16%
vm.

Jan

117

14%

Strip Co__5

i,;

Clark

•

Babcock & Wilcox Co.*

Jan

■

50c

preferred
preferred B__
$6 preferred BB

7/8

—5
,6% preferred
———:
25
Ayrshire Patoka Collieries
———1

.Bald win. Locomotive—

12®8

14%

100

60c

4

Avery (B F) & Sons common*.
,

13,300

48%
'

Jan

11

$6

1

Machine*

108%

.

1

Co

Cities Service common

% Mar

2,500

44%

1%
7%

Voting

114% Mar

10

97

pfd

Metal Weather

Jun

10%

Jan

%

100

*9y8

8%

8 »/2

Automatic

10

113

'

pid—100

5%

Light 7 7o

§Childs Co preferred

75

8%
2i/a

Corp——**<

Jun

9'% May

May

7%

Prooucts

Consolidated

2

200

Ttr

3

Atlas Corp warrants

Products

Jan

xll6

pfd—-*—.—100

City Auto Stamping
City & Suburban Homes

10% May

Jan

1%

Jun

10% Mar
107

7% Mar
7% Apr
5%

6%

%

Atlas

Automatic

7%
41

120

113

'I

com

Cherry-Burrell common
Chesebrough Mfg
Chicago Flexible Shaft Co
Chicago Rivet & Mach

4% Mar

Jan

IO1/4

10

•

.—50

Jun

25'%

Feb

Feb

'

,4% Mar

Jan

20

:

Elec

&

Corp common

Cleveland

Co

X23

—

.

42

10

West Utilities

A'rcraft

Cessna

4% May
•

&

South

Charis

4 '/8 Mar

Jan

Power
&

Jan

18%

Jan

3%

2,400
2,700

2%

Fisheries

Atlantic

'

16%

1

Power

Steel

Central

Chamberlin

'

31/2

Coast RR Co pfd„100
1

&

Birm

■'

*
*

Gas

York

Central

Jan

III

May

14

2,800

Apr
Apr

■ft Jan

& Jun

rects reg_*———£1

Atlantic

'

''

•41

1

—

America

Power

'46% Mar

Apr

400

'

Maine
New

40

105

Cent

Central

Jan

3%

■Associated Laundries of America——*•

Atlanta

com

& Co

of

Jun

27 y4

22 y2

6,300

16

3%

^6

1

Jan

Associated Electric IndustriesAmerican dep

Jan

2

16

Feb

94%

—-2.50

-Associated Tel & Tel class A

225

25'%

144

Jan

'

18 % Mar

26 y2

'

;

Co

Jun

101/8

Co——

Apr

5'% Mar

Jan

12%

X116

1

common*

W)

Apr

10

Refining

Corp

16 'A

& Light $7 preferred**

Oil &

"

41

•

,

Carrier

25%

preferred

Equipment Corp

25%

1/

,/

*

*

200

Arkansas Power
Aro

175

'MM*

Light $7 preferred.**

preferred

2,300

3%

Ashland

5%

Jan

1%

23,400

16

15

•

common

171/4

3%

Art Metal 'Works common—

Co

261/2

•

6 %

A

Carter

May

High

Feb

'

16%

'3%

non-voting—

2%

1%

2
16

•

26

171/4

3%

A

class

Co

Jun

30

;•

class

&

Jan

18%

30

4%

4% Mar

'

29%

•

Common

—

Low
100

144

1

Class B

37% May

17

41/8

Arkansas Natural Gas common*

—

**.

•

*

Products

City

Carman

Apr

250

37%

•
pfd—100
-———1

_

5

100

—*

Canadian Marconi—

900

37

18

Apex-Elec Mfg Co common
Appalachian Elec Pwr 4%%
Inc

•

preferred

Feb

Chief

Argus

voting

non

Jan

17% May

1

Angostura-Wupperman

5

Range since January 1

High

Industries Ltd—

1%

Jun

Low

Alcohol-

•

41%

28 y2

2

—

45

Jan

.

Corp com—
preferred
$6 series preferred
f.——*
American Thread 5% preferred
:fl
American Writing Paper common
•
$6

Feb

36 '/a May

Jan

——

Superpower

1st

38%

9,200

15%

13'/4

Amer

90

40

'

—10
.2
10c
.*

common

42

26%

Co

Republics

Canadian

1,050
13,200

~7

——

Seal-Kap

American

Class B

2% Mar

■

24,400

41

American

141% Mar

Feb

%

27%

American

Jan

1%

17

——-1
•*
Potash & Chemical
—•
Maracaibo

American Meter Co

35%

4,400

27%

-100

American

100

2%

26%

Light & Ttac common
*
25
preferred—*
American Mfg Co common*——100
—

38%

16%

6%

Preferred

44% Mar

%

37%

-20
25

Mach——

Laundry

Jun

110% 111%

25

Hard Rubber Co

American

voting**

A

38

Shares

'

preferred——*:

American

Class

250

27%

—10

Electric

Industrial

Sales

for Week

Range
of Prices

Per

tiiun

17

*

Hoe .common

&

&

100
American General Corp common—10c
$2 convertible preferred
%
1
$2.50 convertible preferred
-1
4% %

Low

41%

.—J

A

American

411/4

—28
25

A

Last

Exchange

Sale Price
Canadian

2%

class

Convertible

Curb

Range since January 1

Cities Power & Light—

American

York

Week's

Friday

STOCKS

New

Shares

of Prices

16

JUNE

Sales
for Week

Week's

Friday

STOCKS—

2545

21

Jan

21%

Apr

prior preferred

prpfprred*.

Eastern

Malleable

*

Iron

*

•
100
100
__25

2

67
38 Vi

2'% Mar

2

1.300

1%

Feb

65 % X67

400

56%

Mar

37% x38%

2,050

Jan
Jan

70

32%

40

Mar

26'%

25

24'/2

Jan

28

Mar

1%

26%

THE COMMERCIAL & FINANCIAL CHRONICLE

2546

Monday, June 19, 1944

<

NEW YORK CURB EXCHANGE
RANGE

Curb

Week's
of Prices

Sale Price

$7

•

States Corp

preferred series A

•

—

Corp

Equity

44.

Jun

Jan

443%

jun

353/4

6%

5

Jan

48%

Jan

6%

Jun

14 % May

8,100

15 3%

Jun

15%

15%

50

8%

9%

74,100

73%

Jan

10% Mar

1,000

833%

Jan

93% Mar

88%

Jan

95

46%

Apr

65% Mar

% May

1 % Mar

•

93

90%

94

«

57%

56%

59%
% V %
9%
9%

—1
34

31%
12%

13%

2,900

:

-

800

100

,

V

100

,

35'%

13%

8 3%

875

;•

30

5,100

8%

460

,t

103 %

116% 118

.100

Electric 6% pfd—

10%

Jan

14% May

Ills

11

37%

750

31%

1,500

4%

37%

36%
6

6%

Feb

Jan

1

common

1%

convertible preferred—
—I
Inc
——
-50
Eureka Pipe Line common——
1
Eversharp Inc common———

Jun

44

Jan

6%

-10c

$3

118

Jan

42%

11;;
1%

.150

42% Mar

100

1%

8%

Jan

31

38

6%

Mar

18%

Warrants

.

—1

Metallurgical

He

Mfg Co

Fedders

4%

7

-6%
58%

-10

Association (Phila)——
—
Ford Motor Co Ltd—
-CI
Am dep rets ord reg—.—...

Fire

Ford Motor of Canada—
Class A non-voting—

1%

Jun

2%

Jan

Feb

163%

Jun

Interstate

Feb

22

Jun

Interstate Power $7

7%

5% May
253/4 Mar

•
'

—

63

Apr

Mar

5%

6

4%

Apr

21%

3,100

193%

Feb

21%

21%

Ford Motor

3,100

21%

21%

•

of France—
Amer dep rots bearer
—8
Fox (Peter) Brewing Co
__1
Franklin Co Distilling.
—1
Froedtert Grain & Malt common—
-.1
Fuller (Geo A) Co
*
$3 conv stock.,
—
100
convertible preferred
......

40

•

60

21%

150

19%

Jan

21% Mar

2

2

94

94

3%

3%

500
100

Hosiery

Mar

3

Feb

4

Power Co

13%

1,000

10%

Jan

280

37

Feb

45

Mar

" 170

58

Jan

x68

Jan

2%

2%

300

1%

1 %

1%

1,300

7%

Julian

pfd——100
General Public Service $6 preferred—*
General Rayon Co A stock
1•
General Shareholdings Corp com
1
$6 convertible preferred—
•
Geh Water Gas & Electric common
1

preferred

Georgia Power $6 preferred

preferred

Gilbert

(A C)

:

-

—

common

—

.

4%

4

4Va

»

8%

3%

150

417%

17%

400

*

class A—

Godchaux Sugars

:i>

B

Class

preferred————.
Consolidated

Goldfield

Mines——.

Jan

125

preferred—
Mtg

79%

Jan

98

78%

50

Jan

1% ~1%

—Great Northern

Paper

Feb

200

75 %

Jan

12 %

12%

500

8"%

Jan

112

Xll2%

75

11

12%

750

-

413%
111

14

41

41%

11%

10%

11%

2,100

Stores Products common.. 250
•
$5.50 pfd•
preferred
Gypsum Lime & Alabastine

19% I

12%
16

,140

6%

41%
11%
107%

~~9

8%

%

Jun

34%

34%

Jan

Jan

9

800

Jan

87

175

83

Jun

7

7%

3%

1%

29%

1,400

6%

3%

112%

:

10

110
6

Jan a

20%

7

11%

.

RR

400

7%

Jan

A 500

%

Jan

1% May

3 •:'(

3%

1.600

2%

8%

9%

45,200

'2%

2%

700

9% ■>,
-2%'

,

•

v

35

Apr
Jun

4%

111%

Jun

2% Mar

103% 103%

103%

95

87%

Feb

92

Feb

100% May

70

100

Jan

106 %

Apr

Jan

20%

Apr

121%

98%
■■

Jan

-

May

Feb

124

11%

11

11%

300

9%

Mar

11%' Jun

14

13%

14%

1,450

9%

Jan

17%

Jan
Jun

5%

Jun

5%

111%

Feb

111%

56'

Jan

Jan

Feb
Feb

66

45%

55

Feb
Jun

3%

10,200

2%

Feb

3%

5%

*

2,000

4%

Jan

5% Mar

% May

1

Jan

Feb

16% Mar

Mar

12% Mar

15%
12

9%

Feb

Jun

9%

100

8%

Jan

21

May

102% 103 v:

390

100%

Jan

106

Mar

84%

Feb

"12%
7%

Feb

400

56%

910

37:

Jan

59

16%

14,200

12"

Jan

16%

Jun

:3%

6,800

2%

Jan

3%

Jun

200

2%

Jan

4%

105%

Feb

110

Feb

9%

Jan

13

May

Jan

26% Mar

9%

16

.100
.100

103

;

-10;

y"*8% "9

1

—

53%

'

56

(N J)

14%

16%
—

2%

.

'

4

—.

preferred

3%

:

4-

4:

A

95

Feb

13%

Jan

Jun

,VA 9% Mar

i

200

12%

12%

21

,

...

5% Mar

Feb

35% Mar

Jan

1%

26% May

29 %

Jan

10

%

10,500

%

400

12%

1,400

11%

12%

400

10%

25%

25%

150

22%

—1—

2%

3%

3,900

Locke

12%

common

Class

17%

.—5

Steel Chain..

—

preferred class B
—
Louisiana Land & Exploration—...
Louisiana Power & Light $6 pfd...

Jun

Lynch

Corp

common

16%

'

8%

9

:

*

6%

Jan

Apr
Feb

12%

Jun

12 %

Jun

Feb

750

17%
9/

3%

Jun

20%

Feb

17%

8

6,900

Jun

Jan

Jan

15

•

25%

1%

18%

A__—_

Long Island Lighting common.,
7% preferred class A

Jan

.

27

27%

Lone Star Gas Corp new common- -10

Feb

°/8

v.

,

...

Groceterias

Apr

Mar

27%

Brothers

6%

Feb

3

preferred

Development
(R G)ilnc

Corp

Jun

25

common

'

Oil

May

—.»

%

Lit

May

6

Jan

9%

Lipton (Thos J) Inc 6% preferred-

Jan

xll5

Realty

Loblaw

Jun

Mar

3%

Jan

Jan

10

25

92 >;

98%

j

Material Co.

Lionel

Feb

Jan

Apr

5

2%

11%

Line

Mar

7%

Mar

9

18 A

92rj

'98%

Wells Co common

Le Tourneau

93% Mar
136

Feb

Jun

8%

:i%

'.-3

Mines Ltd—

Shore

Leonard

Mar

Jan

3% Mar

300

108%
112% 112%

7

Jan

A-May

•8

5%

82 % May

4%

Feb

12%

■1%

Inc.

Stores

Convertible

32% May

650

7 17%

1%

.—1

Lefcourt

7% May

Jun
Feb

7

35

25%

,

Jan

% Mar

•

Langendorf United Bakeries class

Jun

x40%

132

825

20%

.

Jan

'

"10

Lane

Jun

Jan

Apr

400

6%

19%

Feb

7

Jun
May

1%

'

900

5

Lakey Foundry & Machine
Lamson 'Corp of Delaware.

Jun

Feb

5%
78

24%

7,200

%

3

Lane Bryant 7%

30%

X40%

50

Feb

"9%

5 A

Lackawanna

Feb

Jan

%

39 %

Feb

1

Vz

3% '

Lake

Mar

15%

9

Jan

/44

20()

L

Jun

51% Mar

Apr

.

;

Jun

A Jan

8% •
!

106% May

11% Mar

104

2,500

1 %

"9%
>•'

1

preferred—
Kresge Dept Stores—
4% convertible 1st preferred
Kress (S H) special preferred.
Kreuger Brewing Co

Jun

Feb

37%

;

Feb

29%

A Mar

25
'■

May

13%

250

Gulf States Utilities
$6

Jan

10
May
51% Mar
93% Jan

7.800

41%

,♦

Grocery

48%
113

10%
13%

% Mar

2

18% Mar

350

49

1

■

100

Greenfield Tap & Die

jan
Mar

1003%

ir

Jan

8

Jan

400

39 %

37

48%

1

Koppers Co 6%

12% Jun

85

.25

4,600

19

1%

—

Products..
Petroleum..

Kobacker

2 % Mar
86% Jun

—l

—

'*800

%

-

Apr

7% May
'

,

Knott Corp common.

Mar

1%

86 %

84
<

40%

—8

1

II Apr
700

4

4%

lio

Rapids Varnish
Gray Mfg Co———
Great Atlantic & Pacific Tea—
Non-voting common stock
7%
1st preferred

29%

; i-'

(D Emil) Co common
Kleinert (I B) Rubber Co.—

78 3% May

*—

Grand

>:

•

Klein

Jun

74

-11

.

.

common

700

...5

Inc..—

Kirkland Lake G M Co Ltd——»

Jun

70

•

Gorham Inc class A—
Gorham

'""V

1%

Kirby

Jun

Jun

50

86

•
*
•
•

0

4%
17 3%

98

14
.

,1%

Kingston

8% May
V

125

——•

Gladding .McBean & Co—
Glen Aldeu Coal——

Jan

98

78%

Apr

16%

1,800

'

Kings Co Lighting 7% pfd B—.. .100
.100
5% preferred D——

May

125

78%

16%

200

8%

III*
Kimberly-Clark 6% pfd.——. IlOO

Apr

14

Feb

115

10,700

17%

18,

Jun

A 9% Mar
19% Jan

Jan

preferred- .100

Key Co common—

Feb

1 %

Jan

143%

CoIIIIIZIIIIIIIIIIIIIIIII•

Gilchrist

—

Ken-Rad Tube & Lamp A—

Jun

3

Jan

8

800

8%

17%

10% Mar
19%

K

Jan

8

7'7 %

If Jan
12%

Outdoor Adv 6%

General

$3

1%

2%

——£1
General Finance Corp common—
1
5% preferred series A
10
General Fireproofing common
*
Gen Jas & Elec $6 preferred B
•

$7

Feb

dep rets ord reg—

Amer

$5

70 3/4

*

Alloys Co
Gen Electric Co Ltd—
General

,$3

Feb

50

77%

1

Mfg Co common

Gellman

7%

77%

7%

'7%

Apr
17% Mar

15% Jan

2,600

8%

,

84%

;Y7% Jan

1,400

17%
17%

Mar

100

9%

,8%

28

100
100
*

/

14% Mar

41 %

•

common

preferred..;—

8%

.,,%

——*
Lt 5%% pfd—100

Kennedy's

5%

Jan

;i%

^.1

preferred
preferred
# Kokenge Co

6 %

Kansas Gas & Elec 7%

Gatineau

Feb :,

14%

'8%

—J

(*' L)

Jersey Central Pwr &

Jan

May

12%

,

77%

600

-

Jan

18

95

40

65'%

350

17,

17%

-♦

Mills——'
preferred—

Co
—
Jeannette Glass Co—

Jan

13%

J

27

"

2%

41%

63

Jan

400

16%

8%
11%

—....

Aircraft Engine Co—

Jacobs
Jacobs

Jan

■

X64

Feb

1% May
/, 32 % May

Jun

45

300

70

Apr

Jun

16% Mar

500

3%
17

16%

2

6

Feb

Jan

32

9%

Royalty————-I
Iron Fireman Mfg voting trust ctfs—-•
Irving Air Chute—-—:
4

7% Feb

Jun
Jun

66%

Feb

Mar,:

81% -83

;

17

Investors

25 3% Mar

56%

4,400

24%
110%

46%

50

31%

Jan

Jan
% May

Jan

:4

12 3%

.

53%

Jun

42%

60.

32

Italian Superpower A—

B voting

Class

22

10% May
'

10

A,,l

■-

—

B

52 %

•

14%

16%

17%

Jan

12%

Jan,'

106

50

51Y.
.52,-y;

53%;.

50

,

1,600

3,000

1%

16

21%

7%

3,200

*12%

Apr

Chemicals—

12,000

10%

Jan
Apr

11

200

22%

•
^
$1.75 preferred—
-*■
$3.50 prior preferred
—*
Interstate Home Equipment...——1

.25

Warehouse Co.

Federal Compress &

9%

10%

,Z 5%

10%

100

iiiA

High
6%

5,200

110% 110%
52%,

Registered

.

Class

Fairchild Camera & Inst Co—
—1
Fairchild Engine & Airplane.—.
__1
Falstaff Brewing
—
•

6%

11%

•

9

coupon shs„*
shares
j
•
International Products
—
10
International Safety Razor B
•
International Utility class A——«
*

Jun

6%

!■'

11%;

International Petroleum

Mar

343% Apr
25% Jun

Feb

series

$3.50

International Minerals and

1% Mar

'

1,200

Preferred

International Metal Industries .A

113% May

1% Mar

11,700

25%

24

25%

Apr

Low

11%

Indianapolis P & L 5%% preferred.100
Indiana Service 6% preferred....—100
7%
preferred—
—
100
Industrial Finance v t c common
.1
7% preferred
—
100
Insurance Co of North America
10
International Cigar Machine
,*
International Hydro Electric—

35% Jun

Jan

Range since January 1

—

,

Feb

Feb

42%

stock.

Esquire

Fansteel

6%'

•

Shares

High

Low

—£J

Sale9

for Week

of Prices

Imperial Oil (Can) coupon—..
*
Registered ...
•
imperial Tobacco of Canada.
5
Imperial Tobacco of Great, Britain &
Ireland
—£1'

Feb

87/B

—

Power participating
Derrick & Equipment

Jan

33%

500

90%

-15

Empire

6 *v

6%

41%

88

Elgin National Watch Co—
—4
Emerson Electric Mfg—------—-

Emsco

39%

%

89%

*

Electrographic

Empire District

40

•

preferred
—
$6 preferred...
Electric Power & Bight, 2d pfd A-

warrantsCorp.-,

33%

.

Imperial Chemical IndustriesAm dep rets regis

Jan

15%

$5

Option

800

1,075

.

1

*.

;• Range

Par

High

% Mar

Week's

Last

Sale Price

,

1

common... —5

& Share

Bond

44%

1,100

44

41

Friday
>A

New York Curb Exchange

Range since January 1
Low

li

41

44

preferred series B
Eastern Sugar Associates—
$5 preferred v t c
Easy Washing Machine B
Economy Grocery Stores
$6

Electric

%

%

<

V

Shares

High

Low

Par

Eastern

for Week

East

Exchange

STOCKS

Sales

Range

Friday

STOCKS
New York

JUNE 16

FOR WEEK ENDING

Jan

9

1%

U Feb

%

3,400

154%

200

51

Jan

.59%

400

49

Jan

•;

7%

4,900

27%

27%

700

.)}

u

IlOO

64%
59

59

'

•7

^

63

.100

Apr
Jun

May
Jan

7%

69 % Mar
61% Feb

27%

——

v

6%

Feb

8

May

109%

—1

Jan

113

May

28 % Mar

26% Mar

H
Hall

8

Co
Bridge

Hamilton

Hammermill

Co

Ltd

Paper

Hartford

Electric

Hartford

Rayon

Harvard

Brewing

9%

*
10

Lamp

23%

6%

voting trust ctfs

1

1%

1%

53%

Jan

Jan

5
24

Mar

50

37/a

Mar

300

6%

28%

28%

5

5%

4%

50

—

Co——

25c

44

7%

44
7

6%
29

53%
44

7%

Class A

Jun

Feb

Mapes

2'%

Jan

4%

Apr

Marconi

300

5%

Apr

800

26%

Apr

30

5,000

3%

Jan

5% May,
47
May

50

41%

Jan

6 3%

4,100

Jan

6 % Mar

Consolidated

•

common

2

—

Preferred

13% May

McWilliams
Mead

113%

12

12

800

\. 9%
26

Jan

12

Jan

28 %

12

12

350

Mar

25

Henry Holt & Co participating A
Hewitt Rubber common

Jan

13%

•
5

15 3/4

16%

500

14%

2.50

19%

19%

193%

600

18

May

10

28%

28

28%

500

24

Feb

8

9%

9

9%

6,000

Jan

23

McCord

May
Apr

Horder's

30% Feb

Horn

(A C)

Horn

Horn

&

& Co common...

& Hardart

Co common..;

i_

133% Mar
12

Jun

13

Mar

Metropolitan Edison $6 preferred——.*

20

33

Jan

40

May

5%

5%

100

«

8

_•

Hummel-Ross Fibre
Ligonier

:iis

Corp
Co

•flygrade Food Products

in}
...8

—

Jan

Apr

5'A
119

Michigan Steel Tube..—2.50

Apr

Michigan Sugar Co_:_f•
Preferred..'.^.
-A——. ..10-::''

29%

625

Jan

113% Apr

19

19

19%

600

173%

Apr

20% Mar

43%

43-

44%

7,900

.38%

Jan

45%

25% Jan
111

4

Jan

29%

Jun

Jun

Middle^States Petroleum class. A v t c.l;.

5%

5%

6

Jun

Middle

8 3%

1,000

6%

Jan

8%

Jun

Midland

Oil Corp

3%

33%

2,800

2 3%

Jan

3%

Jun

Midland

Steel Products—

Apr

1,100

25
12

25

50

20%

Jan

28%

11%

12

1,200

9%

Jan

13

Mar

West

•

Corp

Midvale

Co

Abrasive

Oil

Midwest

Piping

Mid-West
conv

Dividend

Illinois

arrear

For

50

see

page

2549.




'■

67/a

•;T3/-.

"7

:

69%
77%

6.500

6

1%

200

101

&

1

6%

3

••

Feb

1%

Jun

103%

Jan

1%

Jan

2% May

Jan

4

2%

4.300

.7%

6,150

%

300

10%

10%

26%

/21%

;/ 4%
A ;
6

800

-1.500

2,700

-

10,900

•'

Apr
Jan

Jan.

8'

Jan
Jan-

9%

Jan
Jan

Mar

3%

Apr

1%

.

116

Jan

5%

1,500,

42% May

Jan

Mar

May

•

Jan

.7%

Jun

A

fl Feb

7%

Feb

9 Vs

Jun

13% May

3% May.

11% Mar
10

24%

23

250

20

Jan

23 V8

26%

650

23%

Mar

8%

7,400

4%

Jan

8%

Apr

48

483%

700

43%

Jan

49%

Apr

13%

13%

14

6,400

9%

Jan

15%

Apr

Minnesota Pwr & Light 7%

93/4

9%

10

620

9%

Jun

11%

Jan

Mississippi River Power 6% pfd.,—100

Mining Corp of Canada.
—...
,*
Minnesota Mining & Mfg—
—•

26%

Feb

2%

Jan

87/a May

2%

500

8%

8%

1.200

8%

Jan

16%
2%

1%
62'

16%

200

15%

Jan

x2%

2%

3,900

2%

Feb

1%
62

1%
63

300
200

Apr

Apr

1% May

2%

2%

:

pfd

Jun

8

Jan

99 % Mar

2,800

'l 6%
67/s
A'8% ' 9%
A12W • 13%
:
2%' • 3%,

*

Supply

Refineries.

70%

Jan

7/s

25

2

//•'••p

10

8%

II—
~I_ *

„

•A %'

23

'

48%

7%

7%

2%'

10%

•

•

ctfs

Co

footnotes

——

Co

% Mar

Jun

.

50

preferred

Zinc

-A

Jun

4

9

^^.5
preferred..*

common.1——.

Midwest

5%

conv

160

Jan
Jan

41

36/

3

common..

$2

$2 non-cum dividend shares
Mid-West

Illinois Power Co common..

—1

vt'Ci.—Y—„—

Jan

3%

250

110

,

—__

8

5%

1%

1%

'

Micromatic Hone Corp...1;;
Class' B

3,400

*

Jun

" 287/g

•

...—

33%

119

lioo
Inc

•

Participating

11

2%

Michigan Bumper Corp new/..—J—-^1;".

29%

Hussmann

101

50

i

1%

l7/s

14

Jan

6%

Jan
Jun

Jan

Mar

138

40

4

—25c A
preferred——_„15;:

37%

Humble Oil & Refining

Huyler's common
1st preferred

7 67

160

7%
7%

2%
8%

•-

4,300

11

Corp..

14

15%

3%

■

"7%

__il;

—

Feb

9%

1%

Textile

6%

600

11,200

'

_•

37%

Hardart

(Harvey)

Metal

1% Mar

7%

A preferred--—^——.—10(1,

■I" 6%%

Jan

7%

Warrants

Jan

H

7%

157

III*
III*
nil

Baking Co—

preferred—

5%

Hubbell

10%

100

1

7% May

4%

1%

Jan

Jan

10%

5

Jun

4%

6%

—*

Inc
(Geo A)

Hormel

8% May

1

5
26

200

7%

~7%

_*

& Scott—i.

Messabi Iron Co

Consolidated G M_
Holophane Co common
Hollinger

7%

common..•

Chapman

Merritt

Jan

Jan

Feb

19

•
.*
•

Co

Stores

Mercantile

16% Mar
22

&

Jun

33% Mar

-

Jun

5

100

6%

1

c

Dredging

Johnson

"

Heyden Chemical common
Hoe (R) & Co class A

t

v

B_—

Memphis Natural Gas common

May

Jun

31% May

•

Massey Harris common
Radiator & Mfg

May

2%
10%
81

Jan

81

•

Mass Utilities Association

7% Mar

5%

Feb
Jan

1%

2,800
7,600

£1

Ltd.

Co

Steam Shovel

19

,

_•

Co

Margay Oil Corp
Marion

21-

10%

Marine

Internat

Jan

13

Mfg

8%

.*

preferred

Communication
*

.

.1

Mengel Stores
$5 convertible

1%

Jan

optional warrants

Manati Sugar

10

—

Co

Heller

Jan

9%

1% Feb

.

Rubinstein—

Helena

M

Jan

xl9% Mar

400

3%

1%

•

preferred

600

47

1

Co..

Corp

Mining

Hecia

2,500

25

Light—

Dept Stores common..;

Hearn

9%

,23%

5

Hat Corp of America B non-vot corn..1
Hazeltine

8%

23

1% Mar
52

Mar

17

2%

Jan
Jun

111 Jan
65

May

97%

100
114

114%

190

Jan

103 %

Jun

109%

Jan

114%

Jun

Volume 159

2547

THE COMMERCIAL & FINANCIAL CHRONICLE

Number 4291

NEW YORK CURB EXCHANGE
RANGE FOR WEEK ENDING JUNE 1G

Week's

Sales

East

Curb Exchange

Range

for Week

of Prices

Sale Frke

Low

Par
t,

Missouri Public Service common—;

19%

Montgomery Ward A—

1%

States

100

18%

Mountain States Tel & Tel

—.—

19
35%

35

35%

""!%

1%

1%
6

6%

—10

2%

May
10% Apr
4% Mar

Feb

6%

19

Jun

Jun
Jan

1%

Jan

1% Mar.

Jan

6% May

28%

5%

1,100

18
133

100

130% 133

/

Apr

*15%

15%

200

13% Jan

16

13%

14 %

650

11%

14%

,0

9%

—-

9%

100

Mar

Jun

10% Mar

Jan

80

Mar

Nachman

Corp

—

16%

16%

1%

2

1

2

17

1%

Feb

2

14% Jan

100

26,300

Jun

Jan

National Breweries common..——.—*

28

Feb

30%

Jun

preferred ———.—.—25
National Candy Co.——
National City Lines: common.——.50c
$3 convertible preferred—
50

35

Jan

35

Jan

35

Jan

44% Mar

7%

National Mfg & Stores

National Refining common—-—
National Steel Car Ltd——
National Sugar Refining—.—

preferred

5%%

13

Nehl Corp 1st
Nelson

pfd

Corp
Neptune Meter class A———
(Herman)

Nestle Lq Mur Co class A——

England Power Associates.——*
6%" preferred——————100
$2 preferred.—.———————*
New England Tel Si Tel
100

Feb

14% May

Jan

58

12

11,400

11%

Apr

5%

100

4%
10

Jan

7

Jan

10%

11%
13%

200

24%

22%

25

Apr

11%

1%

Jun
Jun

«

4,300

18%

Feb

25

9%

25

8%

Jan

12%

200

11%

Jan

9% -Apr
13% Mar

1%

2,700

4%

5,400

27%

300

26

Jan

111

111%

90

110

May

1%

lll%

1%

8%

7

3%

Jan

107% 108%
11%

shares

Founders

55%

58 V4
3%

-

29%

Jun

8

Jan

9

Feb

Jan

7%

Apr

Jan

1

Jan

48

x%

3,000

6%

%

%

400

a'a

Jan

9%

9Vs

100

6%

Apr

x8

100

7% Mar

,

9%

108% Mar

Jan

118

Jun

Feb

13%

101%

101

102%

625

•

Xl6%

Xl6% Xl6%

200

11%

Jan

13

13 %

200

11

Jan

May
13% Jun

11%

12%

900

Jan

12% Jun

78

140

154

170

$5 prior preferred
—
Puget Sound Pulp & Timber—
Pyle-National Co common—
Pyrene Manufacturing..
—

Quaker Oats common——
6%
preferred—
—
Quebec Power Co_

12

12%

—5

.100

..10

11%

12%

19,200

8%

77%

Jun

102% Jun
17

Mar
Mar

Richmond

Jan

10% Mar

Jan

29%

Jan

Ryerson & Haynes

Xl03 V4 105

50

102

300

13

40

109

May

111

Jan

100

60

May

75

Jan

109

110

66

70

2%

2%

26.400

2%

925

74%

80%

65%

66%

70

optional warrants
Class B optional warrants———
Niagara Share class B common———5

1/64
37a

5,000

6%

900

a7a

Va
6

—

12%.

105% Mar
17% Mar

Apr

3% Jan

Feb

83% Jan
77

May

&

1/128 Feb
Va

v

Jan

105

17%

18%

1,500

51

51

24

28%

21,800

2%

18.300

1%

Apr

51% May
30% Jan
2% Jan

Feb

24% Mar

Rochester Gas & Elec 6% pfd

12%
iT«

2%

2%

Jan

x40 %

28%

15% Mar

Jan
Feb

15%

Jan

48

20

if Jan

Mar

12%

Feb

x40%
18%

Jan

Jun

X22%

23 V\

6,500

12%

22%

21%

12%

25

11%

Jan

3%

Jan

4%

Feb

Jan

15%

Jun

3%

4%

12.700

15%

15 Va

600

%

%

3,600

3%

6,500

lil

2%.

3%

11

12% Mar

l%Mar

14 May
2% May

3% Jan

Va Mar

300

100

11%

n%

11%

105%

Jan
Apr

15%

700

106% 106%

Jan

13 Va

106%

%

10%

Jan

12% Mar

2%

Feb

5

Apr

,

~6Va

6%

6%

4.400

108

Apr

Jun

.6% Jun

17% Jan

19

,

Mar
Jan

~3%

3%

1.500

3%

5%

5%

5%

2%

i0.600

5%

•4%

5%

18

Jan

10

Jan

May
4Vi. Jan

5%

1%

1

Jan

Apr

2%

4% May

100

2%

Jan

3%

25

17%

2%

common.—..——1

17
8

17%

Feb

3

Jun

6% Mar

Jan

10%

6,200

250

Mar

Apr

5%

1,400

—.100
12%

65

t 0—

Jan

Apr
Jun

66

18,800

18%

1
1

Radiator..

Rio Grande Valley Gas Co v

1% Jan

1% Apr

1%

1%

Stix

D—100
Roeser St Pendleton Inc.—...—y.—*
Rome Cable Corp common—
—5
Roosevelt Field Inc
———-5
Root Petroleum; Co......—.... ...—.1
$1.20 convertible preferred—i
20
Royalite Oil Co Ltd—
——*
Russeks Fifth Ave......—.—..—2%
Ryan Aeronautical Co.—.-a——1
Ryan Consolidated Petroleum—.—*

14%

110

May

10 V4 May#

Jan

14%- 14%

Jun

116%

Jan

157

Apr

14%

1%

—,

4

Jan

Jan

78% May

71% Jan
149

10%

Aviation
1
Dry Goods————*
Richfield Qil Corp. warrants
—

3%

Mar

v

R

35

Apr

Jan

14

77
154

*

Feb

11%

Jan

Jan

12%

Jan

Apr

10% Jan
93% Jan

Rice

Jun

11%

6%

Jun

8

114%
..10

Republic

20% Mar
109 7/a

112%

80

Jan

May
8Va Jun
Va Mar

Jan

—

—

Jan

60% Mar
1

Apr

30

14.

—•

Jan

n

•

Common

59%

Feb

21 %

__

2%

Jan

26%

1%

Puget Sound Power & Light-

19% Mar1

Jan

Xll5% Xll5%

—

79

Niles-Bement-Pond

1%

Jun

31% Jun

650

31%'

iff

Raymond Concrete Pile common.——*
$3 convertible preferred
...
•
Raytheon Manufacturing common—50o
Red Bank Oil Co.
1
Reed Roller Bit Co
*
Reliance Electric & Engineering..
5

3%

150

1/128

preferred—

29%

"7%

Railway & Light Securities
Voting common.
10
Railway St Utility Investment A——1
Rath Packing Co. common——
10

7%

65%

A

6

Mar

108

1st preferred—
1st preferred...

6%

Jun

35
100

1/128

Class

Jan

x8

8%

2V4 Jan

900

•

28%

—

2d preferred——

7% Mar

:

54

2.300

—100

5%

3%

Jan

3/.

18% Mar

;

~3% "3%

m.L '

Class A

Jan

5%
5%

...

Jan

6%

300

.

———1
N Y State Electric & Gas $5.10 pfd.100
N Y Water Service 6% pfd
—
100
Niagara Hudson Power common—10
5%
1st preferred——;.
—100
>

2

1,700

15,000

Radlo-Kelth-Orpheum option warrants.

104

300

11

3

*

preferred
N Y Shipbuilding Corp—

9,600

7%

Jan

'

$6

America-

Feb

18

90

Xl9% xl9J/2

■

15

3%

7

43

87%

47%

1,650

60

——

10

4% May
17
May

Feb

%

Apr

6% May

''

108

1% preferred—100

Jan

13%

"5%

4%

2,000

1,100

8

57

X59%

Y City Omnibus warrants—
N Y & Honduras Rosario
——10

Merchandise

14%

75

Jan

114

3

N

Y

400

14%

3%

31%

29% Mar

5%

7%

7%

58%

N Y Power & Light

3%

16%

7%

85%

19%

N

Jan

3%

Jun

63

Jan

4%

Jun

1%

4

27

4%

■

116% Jun

Jan

Apr

13%

12%

25

12% Feb

Jan

Mar

9%

11%

1
New Process Co common————*
N Y Auction Co common...
.*

,

12

1,200

13%

New Idea In© common——.—.———•

Jan

95

12"% Mar

9%

300

12

11%

11%

Clock Co..—

New Jersey Zinc—
——
New Mexico & Arizona Land—

Feb

11%

New

New Haven

11

Jan

12

13%

—

100
-*
—6
—.*
*

12
50

5%

—12.50
National Tunnel & Mines common—1
National Union Radio
30o
Navarro Oil Co—
—*

preferred

56

11%

National Transit-

Nebraska Power Vh

■„

2,650
575

13%

55%

11%

•
*
..*
—•
—•
10

common

National Rubber Machinery

National Tea

13

56

*

National Fuel Gas

350

15%

~3%

Corp of NevadaProsperity Co class B

v.

16.%

—*

—

870

2,600
100

40% Jan

Public Service of Colorado—

N

A Jun

8% Mar

,

3%

Producers

Gas—

2

Apr
55% Jan

:

11%
116%

11%
111

common—

Metals of

Pressed

Jan

2,100

17% Jan

14%

Premier Gold Mining——

Prentice-Hall Ino

7

62

60

■

.

11%

Pratt & Lambert Co..——

Providence

National Bellas Hess common

62

116%.

Polari? Mining Co....
Powdrell & Alexander..——
Power Corp of Canada.—

Jan

6%
64

—100

preferred

Jan

10,000

Jan

■

Jun

133

Jan

1%

37%

15%

Apr

21%

Feb

127

30

s

Pneumatic Scale common—.,

Apr

15%

250

High

12%

"

plough Inc common—--.

9%

Jan

Low
100

-2ft
8V4

118

8%

Pitts Bess St L E RR...—

35%

900

6,500

2%

Mines Ltd—

Pitney-Bowes Postage Meter..

Feb

173

*2%

Muskegon Piston Ring—
Muskogee Co common.

Pioneer Gold

Range since January 1

15%

15%

15%

common——

Jan

2% Mar
7% Feb

V

May

*

Murray Oh to Mfg Co—

Governor

Pierce

Shares

HUth

Low

Pittsburgh & Lake EriePittsburgh Metallurgical.
Pittsburgh Plate Glass.....—.
Pleasant Valley Wine Co—j...

1% Feb
7% Feb
165

•

common—

20

Jan

8% Mar

6,600

Jun

for Week

of Prices

*

Par

9

—

Power

14

250

.

Producers—

6%

1%

170% 171%

171%

Power—
•
Moody Investors partio pfd.———
Mtge Bank of Col Am shs
—
Mountain City Copper common.,——5o
Mountain

1,300
2,300

10
3%

-10

Montana Dakota Utilities—

Mountain

19%

3%

3%

10%

8% Jan

50

Sales

Range

Last

Sale Price

High

Low

Week's

Friday

Curb Exchange

Range since January 1

Shares

10%

18%
9%

10

New York

High \

10%

Mock Jud Voehrlnger common- 2J50
—1
Molybdenum Corp
-,-1
Monogram Pictures common
.1
Monroe Loan Society A-———-.

Montreal Light Heat

STOCKS

Friday

STOCKS
New York

106%

Jan

Apr

13% May

1

1
Nipissing Mines...
.5
Noma Electric——
—.1
North Amer Light & Power common—1
$6 preferred—
••• -•
North American Rayon class
Class

6%
North

B

1%

"l%

•6%

6

28%

29 %

—-—-—

5

__

Corp.;

Novadel-Agene

—

3,700
103

150

297/a

—-

—-

9%

8%

31% Mar
31

Jan

Jan

4%

Mar

54 % Mar

52% Mar

'

Jan

1

Mar

5%

Apr

7

Jan

10%

Jun

87

12,200

'

„

Apr

27% May

'

10%

'

% Feb

120

28

600
-I'

-.

V

Jan

%

Nor Indiana Public Service 0% pfd. 100
.100
>7% preferred———.—.—.
.25
Northern States Power class A
*

Jan

\l

'

.„1

:

Jan

%

May
2% Feb
6% Jan

Jan

4%

|

.50

North Penn RR Co—-

1%

2.200

__

prior preferred
—50
American Utility Securities..

Northeast Airlines

600

6 V*

1147/a 116

-*

Northern Central Texas Oil———

"l7/a
•

%

%
116

A.

common

10

9% Jan

Nineteen Hundred Corp B

Jan

87

Jan

106%

120

104

Jan

108

Mar

114% 114'A

30

113%

Jun

116

Mar

3.000

7%

Jan

14%

Jan

27% Mar

106

12%

,

X25 Va

12V4
X25%

13%
26

600

23

Apr

0
4

Ogden Corp, commonOhio Brass Co class B common-

23%

4

6,500

3% May
18% Jan

Ohio Power 4%%

preferred
Ohio Public Service 7% 1st pfd..:
•"< 6% 1st preferred—

100

114

100

Xll5%

100

110%

Oilstocks Ltd

125

23%

Jun

160

109

Jan

112%

Feb

60

112

Feb

115%

Jan

118%

Apr
Feb

Jan

112

Feb

22%

114

114

XI15% 118
XllO%xllO%

60

115

40

108

25%

23%

25%

18%

8,200

•

Oliver United Filters B—

5% Mar

Jan

25%

Jun

6%

—1

Feb

9

Mar

6%

100

Apr

8

—1

Securities

>

5% Mar

.15

Gas common...

Omar Inc.—
Overseas

Feb

23%

■

—5

common———.

Oklahoma Natural

4%

Xl08% 109%

$6 preferred

Ohio Edison

3%

Jan

9

Jun

7% Mar

St Lawrence Corp

2% Mar
-50

common..—...——1
1%
preferred—..—
..—100
Salt Dome Oil Co...
...—I
Regis Paper

Samson

Mills..———

Oil Co—

1,800

/
.

1.000

18%

18

162% May

10% Mar

14

8.900

4% Mar
41% Jun

Jan

1%

300

2%

2% Mar
Jun

Feb

18 %

Jan

1%

3% May

Jan

1

2%

2%

—25
—25
Scranton Spring Brook Water Service—

70%

70%

73

1.225

50%

Jan

75

Jun

31%

31%

32

700

27%

Jan

X32

Mar

———*

71%

70%

73%

160

64

Apr

common————*
1
Seeman Bros Inc
———*
Segal Lock & Hardware.—
—1
Seiberling Rubber common—.—
*
Selby Shoe Co—
—
*
Selected Industries Inc common..
1
Convertible stock—..
5
$5.50 prior stock-.—
—25

11%

10%

12

(D A)

Schulte

common

Convertible preferred—
Manufacturing—

Scovill

$6

preferred

Scullin

...

Steel Co

47%

Jan

12% Mar

2%

Apr

40

200

48

17

1%

Jan

6%

Jan

10

100

16%

Feb

17%

1%

17%

1

14.300

10,800

%

Apr

IV4 Mar

3.550

6%

Feb

9%

1

1%
10

9%

8%

Seton Leather common..

Denn

common—

...

125

.100
pfd series AAA
Sherwin-Williams of Canada....—
cum

550

67

Jan

77

75

50

69

Jan

75% Mar

Jan

Jan

4%

Apr
Feb

7% Mar

3y8

3%

101%

101% 102%
112% 112%

2%

4,200
900

.

Co common....

Can

13

36%

36%

36%

700

1st

$1.30

Public

Service

1..

Parker

Motors

Jan

20% May

80

Feb

82

Mar

Apr

9

Jan

7%

.__i

21%

150

20%

21%

700

37%

100

29

29

Penn

-

Traffic Co—

—

101%

5%
68

"l%

5%
70%

150

7,800
175

"l%

Perfect Circle Co

710

98

12

112%

100

Apr

13% Jan

91%

Feb

102% May
115% Feb

110% Apr
•

13 Va May

12

Feb

Jun

16

Jan

26

see

page




30

•

•

—...—1
2549.

Solar

Aircraft

Co—...;

.......

Co

........

Solar Manufacturing
Sonotone

Corp.

Jan

26

Jan

.100

Jan

3

"Jun

Apr

275

jan

III
...1

% Jam;
.i

94% Jan
Jan

9%
7

30%

"7%
9%

1,900

9%

1,100

30

30
7

8

.

28%

7

30%

175

5%

5%

3.100

2%

2,500

3%
2%

Jan

2%

Feb

3V4

Apr

Jan

5%

Jun

Jan

3% Mar

2%

4%

5%

2.200

3%

m

3%

2,200

2%

..25

41%

X41%

42%

1,400

Oil—.

Pa

———

•;«

.

61%
125

1% Jun
104% Mar
100% Mar
xl65

3%

Apr

68
135

400

5%

Apr

22%

Jan

31%

Pipe

Jun

Southland

Line—

1.100

Royalty Co

7%

Jan
Jun

Standard

Jan

...

Brewing Co

.

—

—

5%,

.

5%

'

—5

-.1

...

10

8%

6%

43%

—

V2
iff

—

...

———.

Jan

II*
2.7$

(2.600

9%

16,100
160

45

<.

May

5%

Apr
Jan

40

% Mar

Va
Vff

400

V* Feb

4%

7,000

3% May

3%

3%

3%

1%

1%

1%

Jan

Feb

.

100

7.300

2%

.

.

•

1%

Jan

& Feb

Feb
Feb

T-♦ 75"

•

Jan

«130

t

6V4 Mar

Jun

8% Jan
9% Mar

100

4

.

■

5%

100

5%

4%

Jan

32Va

ii..31Va

Jan

10%

10

43%

Apr
Jan

1%

30%

30

30%

29%
29 %

.....^ -10

30%

Apr

Mar

700

123

Southern

Mar

Jan

Apr

37

30

44%

30%

.100

—,

Southern

10% Mat

.

preferred

Spalding (AG) & Bros
1st preferred
Spanish & General Corp—
Amer dep rets crd bearer..
Amer dep rets ord regis
Spencer Shoe Corp
Stahl-Meyer Inc.-

33%

Jun

7%

Feb,

Apr
8% Mar

8% May

22,900

41

Apr
Mar

67

England Telephone- .100
Phosphate Co——..... -10

33%

Jan
Jan

30

39 Va

31-

31,

Southern New

Jan

7

Mar

6% Mar

28

California Edison—»

5% original preferred—.— -25
6% preferred B——...——— -25
5 % % preferred series C—i— -25

3% May

40

-10

Pipe Line..

Southern Colorado Power class A. -25

Mar

150

2% Jan

5%

Southwest

Jun

1.500

1

South Penn

Jan

15

~3%

~3%

3%
5%

Manufacturing common—.—

Mar

Apr

111

Jan
12% Mar

108

10

South Coast Corp common———

Soss

x3%

Feb

110% 110%

4%

May

-.'43

Mar;>

90

400

229

*

Southern

161

135

190

2%

2.300

2%

.100

Jan,
Apr., zi 11i.33.V2 Jan
4% Jan. ;i9.rsif?5% Jan
64% Jan-/ 4 v £70% Mar

60

133

3

252% 257

2%

252%

..£1

—1

—

.—

...1

1

50

29

31

25

—

preferred——....

Simplicity Pattern common
Singer Manufacturing Co..—.—..
Singer Manufacturing Co Ltd—
Amer dep rets ord regis
.—
Sioux City Gas As Elec 7% pfd—
Smith (Howard) Paper Mills—--

22

2% Mar

~8

—

Phila Electric Power 5% pfd
Phillips Packing Co..
i
Phoenix Securities common.

Jun

37% May

125

___•

Philadelphia Co common

Jan
Jan

99

67% x68
135

—1

Pharis Tire & Rubber

32%

34%

1,300

101% 103%

.2.50

100

16%

Feb

8% Mar

6% Mar
Jan

24

164% 165

Penn Water & Power Co—..
.

6%

6

Apr

13%

43

,5%

preferred—... ———•
Salt Mfg Co.——.
50

Penn

■

32

"l%

Co.

32%

3IV2

70%

footnotes

29,300

——..*

Penn Gas & Elec class A com——•
Penn Power. & Light $7 preferred——•

For

7%
32

Telephone'common.——*

Mfg

Feb

Jan

Pennsylvania Edison Co $5 series pfd.*
$2.80 series preferred——
_«

Pepperell

105

5

$1,40 preferred A.....
_25
Pennroad Corp common...—.....1

$6

109% May

Jan

19

Pen Co—d——10

Peninsular

May

•

Corp.——1

Parkersburg Rig & Reel___..
Patchogue Plymouth Mills

36% May
34% Jun

96%

Page-Hersey Tubes common—.———*
Pantepec Oil of Venezuela Am shs——
Paramount

Jan

—•

....

1st preferred-

15

Jan

106% Mar

...

Pacific

Jan

35

32%

1st pfd
—25
preferred
—25
Pacific Lighting $5 preferred
•
Pacific Power & Light 1% pfd..
100
5%%

Feb

3%

Simmons-Boardman Publications—

Pacific Gas & Elec 6%

il Feb

%

3%

100

common

convertible

Mar

75

75

.......

...5
Mining
Shawinig'in Water & Power.—

$3

Jun
Jun

73

■LA

Co

Jun

74%

—1

5%

Jun

1% Mar

6%

Sentry Safety Control—...
Serrick Corp class B_.——

Sherwin-Williams

Jun

48

Jan

75

Allotment certificates—

Shattuck

3%

18,800

1%
8

9%

81

9%

650

17%

1%
9%

,

Feb

1.900

3%

3%

Securities Corp General—

Silex

Pacific

Feb

Jan

32

25

2%

2%

*

common

3%

6.600

41% ■41%

41%

5

Co

Savoy
Schiff

3%

3%

9%

5%

8% Feb
2% Jan

146

650

8%

11% May

4% May

56,400

160

155

9%

1
*

United Corp common

Sanford

158%

2% Mar

11% May

Ltd

$2 conv pref

Class A

St

9

:

V4 Mar

10%

Jan

9Va

Jun

Jan

45

%

Jun

^ Feb
4%
4

1%

Jun
Mar

Apr

THE COMMERCIAL & FINANCIAL CHRONICLE

2548

Monday, June 19, 1944

NEW YORK CURB EXCHANGE
RANGE FOR WEEK

Low

preferred--

Oil

Standard

131/2

14%.

4,200

23%

241/2

2,450

preferred
preferred

Inc

(J B)

Co common
(Hugo) Corp

Btmnes

Stroock

(S)

Sullivan
Sun

ft

1,100
900

10%

1/4

1%

1%

2,700

1%

1%

3,700

1%

7%

15%

1,600

51

51

51

50

"9%

10%

"2%
13

Jan

Superior Port Cement class B com
Swan Finch Oil Corp__

7%

10%

9%

14

3

2%s

5%

Jun

3 %8

2%

Jun

Friday

3%s s

10%

,

Feb

8%

20%

12%

Power &

Texas

Jan

900

17

100

12%

Amer

23%

23%

24V4

1,300

15%

16%

7,400

& Land

Oil

Texon

15

Pr & Lt

Arkansas

Tilo

Co

Tobacco

&

Allied

Product

Tobacco

Amer

Edison

6

6%

J-J

7%

25

19%

Feb

87/a

2,800

5%

100

6%

Jan

1

50

57%

500

3%

May

6%

Jun

7%

Feb

Transwestern Oil Co

114% 115

60

1st

Tung-Sol Lamp Works
80c convertible preferred

3%

11%

1%

Jun
Feb

113

Apr

115

Jan

ft Jan

1

2,300

1%

3,600

IS'

1%

3

May

18%

Jan

24%

ft Mar

78

103%

J-D

1%

1

6%

4,600

11%

300

6

•

11%

4

Jan

10%

7%

Jan

A-0

Jf-8

Ulen

Realization

Unexcelled
Union

Canada

of

Service

Cities

deb

Conv

..

Aircraft

Chemicals

$3

United
$5

...

1st

$6

$3

A-0

United

Wall

Universal

16

—•

2,350

32

3V ft %

xll4

3,200

is

Vogt

121%

Jan

6s-5s

Gatlneau

50%

May

63% Mar

25

33 %

Apr

37

Jan

AGeneral Rayon Co 6s ser

90

Feb

93

Apr

Georgia Power & Light 5s
Glen Alden Coal 4s

4

Feb

4-

—

%

%

700

%

7%

200

6%

71%

72%

1.050

X42%

43%

140

Grand Trunk West

Jun

Great Nor

74%

Jan

Jun

44% May

8%

2.500

4% Mar

7%
10

4.300

5%

Jan

9

Feb

8%

Jun

1%

1.700

%

Apr

1%

78%

Jan

91%

Jun

3%

3%

3%

500

2%

Jan

3% Mar

1%,
ft

1%

1.200

1%

Jan

2% Mar

4.900

'

ft Apr
2%

10.400

"8%
3

~9%

7.000

Jan'

common

Jun

22%

23%

20%

Jun

1st lien

Jun

Indianapolis

18%

14% May

Jan

2%

18

Jan

2%

2%
51%

Jan

4

Service

Indiana

57%

7%

7%

7%'

1%

1%

81

81

■

Jan

8.000

1% Feb
74% Jan

2.900
25

-

23% May
i,
Jun

25

.

3%

Jan

61

'

1

2%

1%

2%

3

40%

38%

40%

380

1

10

9%

10%

4,800

8%

'

ftft

«

10%

9%

10%

1,500

8

Feb

7%

Jun

.1%
8i

,

..Feb>

;

-

Jan
Jun

-

i—

3,500

1%'Feb

2%

•'

'

Waitt & Bond

;

claw A

Wayne

Knitting

Coal

&

40 Va

11% -Apr

Westmoreland Coal
Westmoreland Inc
Weyenberg Shoe Mfg_
Wichita River Oil Corp

Foe

500

9%

500

10%

I

Jun

1

• •

•

(R

C)

Si

footnotes

7

-

6s

.

3

r

see

Heating—
page

2549.




.

Radiator

&

stamped

Edison

ft

M-N

——1965

G——:

series

Middle.'States Petrol 6%s——

9% Mar

Midland

% May.;

94% May

,

Milwaukee
Minnesota

P &>L 4%s_

4%

4%

4%
8%

8%
115

3,300

9%

2,400

119

30

21

21

20O

25%

26

75

5%
7%
84

8%

8%

12%

12%

3%

4%

Jun

Feb

Jan

8%

Apr

9% Mar

1st

May

6s

18% Mar

21

Jun

New

23

300

8

100

8%

3.800

3

Jan

28% May

Jan

18

Jan

Apr

9% Mar

—

r

A

Amsterdam

Gas

5s

El Assn 5s

5s

10

Jan

New

13% May

New

Jun

series

Conv

Feb

4%

5s*u_

New Eng Gas St

Jan
Jan

&" ref

Mississippi P & L 5s—
Mississippi River Pow 1st 5s
Nassau & Suffolk Ltg 5s
Nebraska Power 4%s

124

8%

•

4%

110%

Jan

16

1

18% Mar

Jan

Apr
Apr

103%

98%

80

103%

100

108

103% 104

3

101

104

105

2

103

108%

106

103%

——

106%
102 %

102%

102 %

74%

64%

70

109%

111

102

105

102

105ft

105 Va

107%

'

103% 103 Va

*101

v;~i

105

105

22

ft 105%

F-A

—

—

106%

2

99% 100%

2

.

103%

93%

18

106% 107%

105%

102%

9

99% 100%

"

— -

104

18

*31%

J-D

100%

93

101%

106%

25

33

109

33%

21%

'*30%
*30%

j-J

"1

32
36

.

33

25.;

32

32

F-A

35

y.

23
25

33%
35

22%

33

84

83-%

-95%

J-J

29

60

92%

91%

69

^

J-J

92%-

67

69

34

34

5

108'/a 109

18

34

J-J

108%

M-S

M-S

.

*

109

107

ft-:

;

120

122

111

111

J-J
A-O

36

107%

111

111

112%

*108

ft

■

J-J

.

28%

77%

106%

*107% 108%
*120 * 121

J-D

109

107

109%

*107

108%

106

108%

,103% 103%

F-A
M-N
,

107

,1

107%

19

,106

*108% 109%
*100
101%

M-N

1943

J-J

1963
1967
1978
1955

A-O

J-D

106%

J-J

103%

103

J-D

M-S

1950

99%

103%

105% 110 ,
108'.: 110%

102%

105% 106%

1957
1951
1943

1947

GaaiLight 4%s

Jun

~8

101%

10

103 Va

1981
2022
1948

to

Jun

Jan

103% 1037/a

1948

at Mo

Extended

2

3%

——

103%

62%

69%

Valley RR—

20

15

*

102% 102%

— w

J-J

1948
4s, E___.——1971

3% F*eb

108

99%
104

■

Mfg—

Jan

2,700

97%
101

63

104% 105

M-N

1970

.

105

:

Feb

•

49

*107% 110%

M-S

1958
1950
1963

Feb.,

May.

7%

99%

*70

.

A-O

P

'

14%

ft

_7

Co

Oil-O-Matic

60%

3

'

Superior Dist Pow 3%s___—1968

,1%

•

106%

58

58%

*99

J-D

1970

750

18

10

""

——

J-J

6s_.—-——2022

400

20

__

J-D

1953
—1957

Kentucky Utilities 4s

2

9

106%

103

*105

'

103%

Light 3%S——-,-1969

Kansas Power &

20

119

102%

25
~~

.

Kansas Gas & Electric

Apr

Feb

,

1%

1

Western Tablet &
Stationery com

Williams

3%

A-

94

1st "pfd—100

123%

105

103%

F-A

—

2

21b

Maryland Ry 7%

WMUnms

*3%

Mvlls———I——3
Coke

104 Va

123

1941

1

20

1 28

101%

4

*109% 111

■

•

J-J

C

•

Western Air Lines Inc
Western

3%
—

99%

169

107

102

103

M-S

A-O

3%s

L

"•

Wentivorth Manufacturing
West Texas Utility $8
preferred.
West Va

series

Metropolitan

100

Class B

1941

103%

.

M-S

,.1953
coup)-.—1955
A 7s
1957
A7s
(Aug 1941 coupon)!
—1957
A7s series F—
—-1952
A7s (July 1941 coupon)—
.1952
Interstate Power 5s—1—--——1957
Debenture
6s
—1952
Altallan Superpower 6s
1963
Jersey Cent Pow & Lt 3%s
_1965
Kansas Electric Power 3%s,
—1966
A6%s

4s
,

93 Va

102% 103%

*—

1

A-0

5s—

P &

(Dec
series E

>

•

97%

161

*102% 104
'i.—

'

1968
—Jan 1949

& ref 5s—

A6%s

Apr

Jan

27

103%

90%

—

glnternational Power Sec—

Mar

26

Jan

425

120

99

58%

; —

"

58 %'

99

21% Mar

Jan

20%

125

3

99%

■„

,

f!-.,

5%s series B
5s

3%

..100

3.100
.

1%

Co_^

99

98%

*106

--

J-D

Rydro-Elee

9%

2,500

25

—1965

.

1st & ref
Indiana

Jan

Feb

250

21%

25

2%

preferred—

102%

J-D

.—1978

6s series A

Jan

'

21%
25

121%

1

-

95

■;
...

103 Va 104

Jan 1949

3%s

.

1st & ref

Feb

20

—

104

Illinois Power & Light Corp—

% Jun
3

B-

series

6s

1%

,

108

102%

102% 103%

98

J-J

4s

Hygrade Food 6s ser A—
;

7

500

3%.

110%

105%

14

107%

123% 123%

J-D

Power 5s

Houston Lt & Pwr

Jan

325

%

118

109

Jun

91%

3

116 Va

—

*103% 103%

$97%

A-O

1950
stpd
;—1950
Green Mountain Pow 3%
1963
Grocery Store Prod 1st mtge 6s_—1953
Guantanamo & West 6s
1958

Jun

7%
10

90%

.

■

*

98% 103%

18

102% 103%

-113% 115

115

103%

M-S

1969
^.—1953
A—^
1948

4%s series A

Jan

7%

Jan

69

x42%

100

gAGobel (Adolf)

%

Mar

6%
1

5s

Serv

Jun

Feb

7%

1%

Pub

General

3%s A

Power

5%

w
Aircraft

5%s

4.900

91%

Wagner Baking voting trust ctfs ext—•

103

121% 121%
'

M-S

Residential Mtge Bank—
stamped
1961

Finland

McCord

7%

—'

/;

M-N

5s

Federal Water Service

Lake

Waco

103
103

97%

107

J-D

J-J

M-S

District El

Empire

Mar

12

Manufacturing-—

99%
98 J/4

21

1971
1969
1970

1954

3

37

9%

...

6

280

*109% 110%

1952

16% Mar

5s

55%

1%

preferred—

103

102% 103

J-D

104

& Light

50%

2%

Petroleum.^

355

73%

68

103

•*—

F-A

ft Jan
ft Jan

—

46%

102% 103

A-O

Feb

10

common

convertiole

72%

103%

M-N

Feb

C

$4

100%

*116% 119

1954

%

$5.50 priority stock

47%

98

M-N

_1958

—

%

*

Utility Equities common

Venezuelan

Q—
(Bait City)—
ser

3.700

58

37

3

1951

Textile 5s stmpd—1953

Power

% Mar

7

Light $7 preferred
Utah Rodio Products.
J.

393

(Bait)—

9.300

72

Utah Power &

47%
100

A-O

%

6%

Sugar—.

42%

103%
107

102%

%

%

—

36 Va

103

Water Lt & RR 5s

Mar

8%

Co

105%

A-O

%

'

,

99%

7

F-A

%

«•«*

Securities

4

237

M-S

ft

M-S

F-A

Apr

May

103%

%

•

115% 117

104%

101%

2% Mar

Feb

1%

102

70

106

42

100

100

Elmira

20,200

common

Valspar Corp

47%

M-S

Electric

1%

—

Cooler class A

Utah-Idaho

46%

106%

28

46%

103

106

J-D

Feb

1%

150

105%

"■

'

102% 102%
103

M-N

Jun

Jun

ft May

Paper

Pictures

*107
110
102% 102%

'

102%

J-D

3S2

18%

common

Products

«*.«•

1

18%

200

115%
120%

79

37

Voting trust ctfs
Universal

A-0

*150% 170

105

4%s

A Consolidated

Ltd—

Insurance

'

-T-

98

1,600

113%
150

2

120

'

Q-F

104

Continental Gas & El 5s

Mar

109

119

10

113% 113%
120

Jf-N

M-S

32

107

—

**~

113%

1956
2030
1956

18%

3%
Universal

■/

1944

ft

Universal Consolidated Oil
Universal

*99%

Eastern Gas & Fuel 4s ser A

18%

92%

62 Va

P

ser

Gas

Gen mtge

Feb

95

95%

*108% 109%

Cuban Tobacco 5s

Jan

,

104%

Va

preferred

Reclaiming

United Stores

,/

Jun

Feb

X42%

Rubber

92%

29

29

85%

24

M-S

22%
22%

41

24%

22%
91

J-D

1%

-

and International

23%

71
2

24

F-A

101%

55%

Co

29%

*104% 105

%

$5 1st preferred with warrants
U S Radiator common
8

62

80%

B

Preferred

IT

Jan

9%

310

117

United Specialties common
U S Foil Co class B

U 8

Consolidated

18% May

59

—

—

Products

Graphite

Jun

Jan

53.400

& Power common A—

Molasses

3%s

66 /' May

May

7 %

—

ft

dep rets ord regis
United Profit Sharing
10%
preferred
United Shoe Machinery common

S

'

.

2

Amer

U

Jun

95

*.

participating

United

6%

1%

preferred

United Milk

Feb

1%

-

warrants
class

29%

23

*102% 104

7s A—;

mtge 2%s

18%

—

$7 preferred non-voting

Common

mtge 3s

ref

92%

2

warrants

United Light

ref

1st

92%

United Elastic Corp

Option

1st

Jun

14 Mj

4,100

__

—

United Gas Corp common
1st

■i.

'

Stores

Prior preferred
corp

7%;
—

preferred

United

7%

7%

common

Cigar-Whelan

23

A- O

El Lt & Pr
series N

Feb

66

—

Products

& participating pfd—

cum

191

102

■

Union Stk Yds of Omaha—
United

United

24%

24%

1958

May

5%

23%

—.———1969

7%

200

29

89%

J-D

5s___
5s—

3

6%

23

Jan 1968
-1950

Jan

6%

-

,

20

1927
.1952'

5s

Jan

6.600

-

5s

2%
5%

(

Co

.

24%

1955

4Va

4%

5%

Corp.

Manufacturing

Gas

79%

18

23%

1964

B

series

6s

4%

2%

106

123

24%

1953

ctfs

Rys 5s

§ A Chicago

Jan

3,800

104%

89%

125

24%

M-S

Cincinnati St Ry 5%s A

Consol Gas

4%

128

8

87%

F-A

J-D

5s

—

Debenture

'

125

104% 105%

J-J

J-J

—;

Debenture

4%

24

-1948
1954

A5 VaS

Jan

109

23%

88%

J-D

§ A Central States Electric 5s

11% May

107%

12

104%

101%

99

1

108% 109
125

—-w

104%

J-J

-1970

Power

Connecticut Lt & Pr

4%

•

J-3

Central States Pr & Lt 5%s stpd—1953

U
Udyllte Corp

108%

J-J

.

100% 100%

•

J-J

Apr

109 Va

103% 104

—

*

Jun

10

108%

103 7/a

«

,

M-S

Gas 3%s

El Si

111

Central

1% Mar

■

9% Mar

—

Northern

Canada

May
4% Jan

106

107%

J-J

—1968

——

Steel 6s

Birmingham Electric 4%s
Boston Edison 2%s

Jan

62%

102%

*103% 104%
8

1957
1960
—1998
—1962

Bickford's Inc 6%s

Jun

109%

Feb

C

series

5s

Jan

Jun '

•

—

Jan

58

1,700

24%

23

24%

High
105

12

1947

series B

5s

M

Bethlehem

Jan

4%

Feb

100

.3%

-

;

.

30

1

1

10

warrants—..

Inc

9%

1%

1

Corp

Tri>Continental

420

Low

Telephone of Canada—

Bell

Apr

106%

100
_100
1

Mining of Nevada

Trans Lux

200

62%

60

62%

•

,

preferred

January 1

108% 109%

1964

& Sons (B. F.)—
without warrants

5s

Jan

10%

Jun

4%

11%

Range Since

Sold
No.

nm

106% 107%

_1977
1955

;

City Elec 3%s

Atlantic

Avery

x23% Mar
8% Jun

Jan

57%

.

Bonds

Friday's

108 %

1953

Assoc T & T deb 5%s A

Mar

16% May

Apr

750

4%

4%

or

106%

1956

5s

5%s—

deb

AConv

Jun

119

Mar

200

•

Corp

6%

preferred

Tonopah

Trunz

300

9%

11%

dep rets ord regis
dep recs def reg

Todd Shipyards

7%

Jan

57%

i

Week's Range

M-S

SAssociated Gas & Elec Co—
AConv
deb 4%s
—-—1948
AConv deb 4%s
1949
AConv deb 5s
1950
ADebenture 5s
1968

May

Security Trust Co Ltd—

Amer

Toledo

Jan

5%

•

Exports

Feb

12 %

81/4

"8%

1

Stocks-

Tobacco

23%

22%

21

1

Realty & Construction

~6>/a

8%

9%

8

common

Inc

Roofing

Tishman

~6

1

Shovel

Last

J-J

1970
,—2024

4%s—.

Elec

Associated

Apr

11

6s

Paper

Elec Pow 3%s
Appalachian Pow deb 6s

Mar

15%

Jan

114%

2

Co

Textron Inc
Thew

Jan

1961

6s

Appalachian

20% May

Apr

Writing

Feb

36

Jan

5

1,400

IlOO

pfd

Jun

3%

2016

—

& Lt deb

Pow

Amer

Jun

%

May

9%

15%

Light 1%

10%

1950
,1960
1970

debs

f deos

Jun

Feb

18%

Feb

debs

f

s

Jan

f

s

Jan

15 -.V Apr

Technicolor Inc common

Jan

Jan

American Gas Si Electric Co.-—

Jan;.

14

*

Tampa Electric Co common—

7%
2%

Low

1%

34%

6%

400

Sale Price Bid & Asked

Period

9

17%

5%

14% May

8,200

3

2%

Interest

Exchange

Curb

York

New

May

14

6%

Jan

Apr

Jan

1,500

-1

Jun

Jan

7

10%

«

—

Taggart Corp common

6

3%

1,800

12%

Jun

52

50

34%
17%

12%

Jun

%

•

Ray Drug Co_.

Apr

1,800

6

12%

BONDS

Apr

15%

Jan

4,000

11%

110

4%

,8a

Wright Hargreaves Ltd

3%
13

6% Jan
111
Apr

Jun

43%

300

~i%

2 %

11% Mar

.

l7/8 Mar
55

Jan

5

High

Feb

10

Jun

12

•
1
•
18

u

k

7%

Jan

1%

Feb

Va Mar

13%

Woolworth

Jan

%

Apr

ft

50

6%

Jan

1%

8

Co

Machinery

15%

25

11%

.-1

Petroleum——
(F W) Ltd—
American
deposit receipts

Woodley

71
Mar
10% Jun

% May

53

15%

%
%

Jan

3,300

Low

5% Mar

11%

.10

Portland Cement

Wolverine

Mar

114

ft APr
54

3,600

,%

—•
-1
-50
—20
—1
1
1
•

Sterling Brewers Inc
Stetson

Jan

69%

Range since January 1

High

Apr

18% Mar

Jan

%

91/8

1

Sterling Aluminum Products
Sterling

108%

600

—*

(A) & Co common
Sterchi Bros Stores
2d

225

%

%

ctfs__l

2% Mar
19 %

Feb

10%

B

Stem

1st

171/4

.—1

(The) Corp voting trust

6%

1,000

—1

Steel Co of Canada

5%

Jan

ft

Co

class

Tube

Jan

16

65

69%

Products

Standard

2

200

—

Standard Silver Lead—

Starrett

1,100

%

Preferred
Standard

21/4
17% '

110% 110%

(Ohio)—5% pfd—
Standard Power & Light
Standard Oil

Shares

Winnipeg Elec common B—
•
Wisconsin Power 81 Light 7% pfd—100

181/4

2%

17%

(Ky)

Common class B

Willson

25% May

17%

preferred

Low

1

Products Inc

15% May

Jan

Sales

for Week

Range'
of Prices

Par

High

Jan

6

18%

18

2i/a

Standard Dredging Corp common
$1.60 convertible

Low

14V4

Last

Sale Price

Range since January 1

High

Week'e

Friday

Exchange

York Curb

New

Shares

24

Standard Cap Si Seal common—
Convertible

STOCKS

for Week

of Prices

Sale Price

16

JUNE

ENDING

Sales

Range

Last

Exchange

Curb

New York

Week's

Friday

STOCKS

deb

5s

England Power 3%s_
England Power Assn 5s

Debenture 5%s

i

M-S
J-D

67
—

—

103%

66%

27

67%

*106% 107
14"

103% 104

8

105

108

F-A

104%

105 332

110%

5

32

102%

2

100% 101%

M-S

105%

6

104

105

M-N

3*2

107 % 108%
.103%' 106

100%

101%
111

110% 111

117%

11

108

117% 118

6

116

120

111

113

111

111

7

82%

81

83

103

72%

J-D

82%

81%

83

20

72%

83

M-N

82%

81%

83

109

72%

83

J-J

1

*108% 109%

1961
1948

M-N

A-O

100%

100% 101

1954

J-D

102

102

102%

107

f,

83

108%

132

95%

101%

45

97%

103

THE COMMERCIAL & FINANCIAL CHRONICLE

Number 4291

,Volume 159

*

V

NEW YORK CURB

Curb

York

New

Last

Interest

Exchange

or

Alncome

6s

1954

1948

M-N

Public

Oklahoma
Pacific

Service
&

Power

Light

1st

Electric

United

Light

111

7

—

95%
104%

108

106%

105

104% 105

53

' 13

105%

107%

1

106%

3

106

108%

1972

5%s
Philadelphia Rapid Transit 6s
5s

& Coke

Gas

Power

►

106

M-3

102

~4

106%

mtge 3%s—
of

Service

6%

1964
1949

New

:

$108% 108%
—

98%

107% 170%

San

1

Real

Estate

Sheridan

California

Counties

Southern

1st

West

Penn

West

Electric

Penn

Western

6s

105%

J-J

104%

104%

1965

.

.

„

1970

F-A

2022

105%

107

109

6s

1944

6s

conv

5s

extended
f

s

iAvorx

Rys
A Stamped

J-D

3

114

115%

111%

116

39%

37%

39%

45

106% 106%

5

$108

-2030

A-O

107

106% 107%

1960

5s_.

24%

45%

J-D

116%

116

105

109

108%

109

110%

5

105%

109%

16

114%

118

100

116%

to—

debs

Co

1959

;

101%

$99% 100%

1959

.

5s

93%

1937

5s

-

J-D

1947

stpd

J-D

"5

93%

85

$98% 100
99

99

97%

96%

99%

100

96%

6

,

100%

Foreign Governmenfs & Municipalities

88%

.91%

;

.

F-A

F-A

A-O

1946

96%

J-D

1950

!

A-0

1957

104%

72%

86%

106%

108%

103

104%

: 4

103%

103

.103

,

22

J-J

j

.

95%

96%

95%

97%

97

69

„
'■

87

97V4

63

86 %

97%

48

86%

97%

■i

96%

97

141

86%

97%

■>

96

95%

97

75

86%

97

32

32

33

29

29%

20%

20%

2

19

Interest

Week's Range

Last

or

Friday's

Bonds

Range Since

Sold

January 1

Sale Price Bid & Asked

A-0

High

No.

Low

High

$56
—

25%

57

$56

J-J

51 %
54

55

ACauca

Valley 7s

1948

J-D

Danish

5%s___

1955

M-N

1953

F-A

1952

J-J

$14

6%s stamped_1958

M-S

$21 %

23

17

22

1958

M-N

40%

45

34%

45

1951

J-D

27

27

18

27

33%

37

Extended

5s_

Danzig Port

:

& Waterways—
6%s stamped

AExternal

City

(Peru)

AMaranho

7s

AMedellin

7s

stamped—
Mortgage Bank of Bogota—
A7s

.

(issue of May 1927)
1947
(issue of Oct. 1927)—--—1947

A7s

\

1931

1972

20

(State)

7s

25%

62

72%

66%

4

60

66 %

20

19%

21

r $39

„

*$16

22

16%

17 %

66

,.

/

—

66

58

71

33

39%

34

41%

M-S

-1958

.

16 %

9

$39
—

J-D

AParana

13

69%

66%

J-D

Mortgage Bank of Denmark 5s

25%

68%

Af-N
A-0

AMortgage Bank of Chile 6s

22%

$40%

36

-

37

21

20

Friday

Exchange

Agricultural Mortgage Bank (Col)—
A 20-year
7s_—
April 1946
A 20-year
7s
Jan 1947
Bogota (see Mortgage Bank of)

37

96%

\

Curb

Low

91%

86%

York

Period

•

97

96%

A-0

95%

97

'4

i

83%

106

91 %
.

F-A

103%

1

•

6s

BONDS

ALima

4
14

84

108% 108%

M-N

—1957

Light

82

84

.

M-3

—1989

95%
:

97

,'.95

$20

of deposit
Industries—

(Hugo)

,

.

:

Toledo

106 y8

M-N

J-J

F-A

1968

J-J

1952

Rapid Transit 5%s

5

20>A

de

ARio

Janeiro

1959

6y2s

Government

6%s

A5%s

J-J

1919

J-D

1921

ARussian

24%

105% 105%

105%

1979

3%s

Edison

City

J-J

1956

5s

Power

Water

—

38

104%

106%

105

108 %

20%

A-0

1960

5s-

5s—

A

25%
20'A

„

1946

2022

& Light

Powei

series

Twin

104

1

104% 104%

F-A

_Dec 1 1966

stamped
Electric Service

Texas

49

107% 107%

105%
-

J-J

1951

2nd

Texas

105%

105% 105%
105% 105%

Certificates

A

105

1

(Calif)—

6s

'

7-4s

108%
105%

J-J

39

19

6y4

9

3%

7%

5%

6

41%

5%

6

14

3%

7%

(Hugo) Corp—

Stinnes

Tide

105%

A-0

A7-4s 3d stamped-.

68

$104% 105%

M-S

1970

AStarrect Corp inc 5s
Stinnes

80
93 y4

105%

May 1948
—May 1948

&

16

93 %

91

103 %

1951

Power

73%
86 y4

175
93

103%

3s

debentures-

gold

$125%

47

6s_

Debenture

J-D

1964

1

128

28

J-J

(stamped)
Conv 6s stamped

Standard

127

104% 104ya

1957

6s

Debenture

M-S

1951

—

115

113

104% 105

8s—'J.

L

Af-N

103

109 %

112 % 112%

112'A

J-D

3%s

Gas

Gas

&

P

13

115

F-A

1954

Traction

152

98%

1947

(A G) deb 5s
Gas & Electric—

Scalding

137%

—

1043A

Southwestern Gas & Elec 3%s

Standard

114%

115

102
103

Newspaper Union—

105%

102 y2 103

Af-S

1971

Southwestern

104 %

' —

105

Rys 4s

Indiana

;

A-0

mtge 3s

Southern

151

.

A-0

6s

Edison

California

Southern

1952

debs

109

1967
1970

5s

Power

Southern

114

104

66

99%

106%

—1951

Wyoming Coal

Carolina

South

*

112

A-0

D

series

105%

$150

tmm»

J-D

1951

Shawinigan Water & Pwr 4y2S
4%s

25

111%

—

2022

A

series

income

New

1952

6s

Scullin Steel inc mtge 3s

1st

$105

—

A-O

1979

Joaquin Lt & Pwr 6s 5—

ASchulte

107%

.vv

J-D

M-N

4%s

Water

Harbor

2

104% 105%

High

110%

Jersey—

Queens Borough Gas Si Electric—
5%s series A
—1952
Safe

104%

105%

16

111%

92%

10

98%

;

.

J-D

certificates

perpetual

110% 110%

102%

106

108%

106% 107

A-0

—1959

4%s B

$101

M-N

Sinking fund deb 4s
Public

January 1
Low

110%

Light Co--

6s

Public Service Co of Colorado—
1st

5%s_1952

(Maine)

Ry & Elec 4s
Wash Water Power 3%s

107%

100%

10

106% 107

1959

-

(Delaware)

Wash

117

108

125

108% 109%

J-J

1956

1961

(Can)

Corp

108%

Af-S

—1950

F

series

4%s

F-A

1962

E

5s

Edison

J-D

Range Since

Sold
No.

Co—.

stamped extended

Potomac

$107% 108

J-J

&

Bonds

High

Waldorf-Astoria Hotel—

108

107%

106% 106%

J-D

1970

Friday's

Co—-

5y2s

cons

& Rys

Debenture

109%

108

108

105%

40

6
>'

106% 106%
108

109%
104%

103%

7

53

52

107%
102%

' '

«—

or

110

105%

6

$102% 104

M-N

Power

lien &

1st

& Power

United Light & Railways
6s series A

■

Portland

.1949

United Lt

86%

~5

107% 107%

107%
'

M-N

—

Elec

4s

107%

103%

104

109% 109%

—

J-J

Pennsylvania Water & Power 3%s_1964
Philadelphia

J

115%

30

94%

.

105% 105%

109%'

F-A

1964

3%s

N

104%

a 5s

1977

4%s

5s

93,

—

Week's Range

Last

Sale Price Bid & Asked
Low

110%

—

$103

F-A

1955

6s—

; ■;

F-A

1948

1st mtge 3s

Penn Central Lt & Pwr

:

A-0

.-1979

Park Lexington

105

109

106

$110^

—

A-0

1962

4s

Water 5s

Power &

Friday
Interest

Exchange

Period

Utah Power

1968

3s

Ohio

Curb

High

100%

4

$108% 109%

J-J

1945

5%s

mtge 3%s—_

1st

mtge

Low

York

1

'

1971

Power

1st

No.

101%

$104

J-J

Ogden Gas 1st 5s
Ohio

Af-N
J-J

5s

Continental Utility

North

19b4

101

101%

J-D

.-2004

4s

Y & Westchester Ltg
Debenture

1949

i

3%s

Elec & Gas

N Y State
N

January

'

Nov

A

series

,

United

Service—

Public

Orleans

Sold

High

New

Range Since

Bonds

Friday's

Low

New

16

BONDS

Sale Price Bid & Asked

Period

JUNE

Week's Range

Friday

BONDS

2549

t

EXCHANGE

FOR WEEK ENDING

RANGE

I

.

J-D

5

105% 106%

1118
107%

„

117%

120
15

101%

104%

107 ; 108
98%
99%

11

107

109%

96'A 101%

15

Cash

value,

sale,

a

Deferred delivery sale,

d Ex-interest,

e

Odd-lot sale,

n

Under-the-rule sale,

Ex-dividend.

x

$Friday's bid and asked prices; no sales being transacted during current week.
ABonds being traded flat.
§ Reported In receivership.
.yy

-

118 >A

104%

1Q4

•No par
r

Abbreviations used above—"cod," certificates of deposit; "cons," consolidated; "cum," cumula¬
tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "vtc," voting trust certificates;
"w 1," when Issued; "w w," with warrants; "x w," without warrants.

OTHER STOCK EXCHANGES
RANGE

Baltimore Stock
Friday
Last

Sale

STOCKS
Par
Arundel

Preferred

Consol

•

Corporation

Bait Transit Co
Gas

t

v

common

t

—1*

c

-100

c

&

l

E

v

14%
1.35

9%

7%

STOCKS—

Par

for Week

Calumet

Shares

Range since January 1
Low

High

14%

1.145

High■

3,095

2.00

9%

18

Apr

3.242

7

Jan

2.00

Apr

Jun

10%

1.00 May

B_

1

116

—

Eastern Sugars Assoc com

vtc

.

8%

116

115

3

4

8%

141

141

143

2.50

141

39

2i50-

300

May
11% Mar

Jan
Jun

150

1.50 Mar

Monongahela West Penn Pub Serv—
7% preferred
—
25
Moore (Tom) Distillery.
25
Mt Vernon-Woodbury Mills com—100
100

Preferred

(28%
8

t\

8

50

27

5

Jan

8

Apr

——

*

...

com——.100

1%

B

Lines

SS

Inc

Group

Employers

6%

100

5%

Jan

31

;

30

Jan

32,

65

Jan

90

76

79

23

2.00

6

•81%
24%

Filene's

200

2.00 May

81%

1

81

24 %

24

Feb

85' ./.Apr
26% Jan

Jan

75

Mar
! May

3.5)5

1% Feb

200

66%

125

56 %

Jan

69

37%

125

32%

Jan

39% Mar

4%

4%

200

4%

Jun

6% Mar

Apr

Capital

Mar

25

92

105

Feb

66

185

54

Jan

77

Mar

17

18

135

13

Jan

21% Mar

10%

500

Jan

12 %

28%/Jun

32%

99% 100%

•

10%

10%

•

common

29

28% ~29

1

11%

12%

•

Service

Sons

2% Apr

1%

65%

65

Co

National Stores

First

6% Mar

'

100

Association

Public

(Wm)

General

17% Mar

—100

—

pfd adjustment—

Engineers

High
7% Feb

May
Feb

1%

66%

i

—

Street Ry

Mass

Eastern

46

-

37%

100
—100

prior preferred

preferred

5%

Range since January 1
6

13%

288

13

13

117

8%

•

39%

1

Corp.

General Electric
Gillette

•

Safety Razor Co

38%
34.04

*

39%

34.04

Jan

Apr
Jan

Jan

13 % Mar

13

Jun

13

391

35%

Jan

50

31.18

Feb

34.04

Jun

33% May

38 %

Jun

Jan

12%

Jun

50c

Jun

75c

1

Jan

261

8%

.

t<30%

81%

6%

1st pfd series A—.——100

69c

Jun

30 % May

Feb

19

28%

2.00

76

2

Casualty——

6%

Jan

2.50

*

6%

& Fuel Associates—

preferred

Eastern

*

28%

%%

6%

U-.

Amsterdam

Common

15%

tr.

Low

6%

15%

Shares

High

6%

1C

Range Co

Eastern Gas

for Week

of Prices

Low

5

Service

Copper

Jan

116

Jan

7%

100

Xtt-

——10

Humphreys Mfg common

New

Cities

Heel a

&

Sales

Range

Last

Sales

15%

Week's

Friday

Sale Price

Power—

100
—1
Fidelity & Deposit Co
—_———^,-20
Guilford
Realty Co common——1
Houston Oil of Texas 6% pfd vtc——25
preferred

4%%'

2.00

7

of Prices

Low

14%

16

JUNE

Exchange

Week's
Range

tfrice

FOR WEEK ENDING

5

36%

38%

2.432

12%

11%

12%

998

75c

50c

75c

7%

Jun

41% Mar

■

Penna

&

Water

U S Fidelity

Power

common—.—•

66%

50

35%

& Guar—

66%

35%

66%
36

100

63

Apr

66%

Jun

1.034

35

Jun

41

Jan

,

Kennecott

Bonds—
Baltimore

1975

57

58%

.1975

66

68

Transit Co 4s

5s series A—

—;

51

13,300

Jan

59

Mar

59%

$79,000

Jan

69

Mar

;—*
15

Hathaway Bakeries class B
Isle Royale Copper—

•

Copper
Theatres

preferred

5%

Linotype

Mergenthaler

Boston Stock Exchange
Friday
Last

Sale Price

„STOCKS—
Por

American Sugar Refining
American

Woolen

100

159%

50

►

of Prices

Shares

Range since January 1

20

20

2,916

24%

26

Low

.

158% 161%
7%
8

155%

&

Son

Boston Si

Inc

—:

Edison

Boston

Elevated Ry—(

;

Boston Herald Traveler

7%

Apr

24%

Feb

34%
68%

.•

14%

21%

Jun

161%

Jun

'
'•'?!"9% Mar
i;<Jfi'f27% Mar

7.9(1 cv

0.

•

11%

220
-

Jah J.e ixi&4%

96%

35%

2,437

32

68%

69%

540

67

21

21%

265

19

8%

class C 1st pfd stamped

class D 1st pfd stamped
Boston Personal Prop Trust
Boston
& Providence rr

see

page




2555.

39%

40 %

3

3

100

% Jan& 1 C36
May
JansS Vn74% Mar
Jan* *?

-

•

22% Mar

preferred

6%

6%

36% Mar

56%

110

47% Jan

56% May

Jan

10% Apr
16% Jun

7

9%

9%

1,100

14%

16%

1.663

8c

8c

8c

100

5c

1%

1%

100

1

26%

—100
2.50
100

11%

Feb

15c

May

Jan

1% Mar

Feb

108
37c

27

107% 108%
36c

39c

31

125

24%

590

103%

400

30c

Jan

46c

10c

Jan

45c

Feb

25%

Jan

40%

Jun

30% May

25

Feb

15C

15c

15c

38%

39%

50
25

29%

29%

988

25%

Jan

2%

1%

2%

2,150

86c

Feb

*
*

14'%

14%

14%

195

12%

Jan

9%

473

7%

Apr

Torrington

*

34%

33%

34%

120

32

Pacific

...

Mills

Pennsylvania

RR

Mining

Quincy

Shawmut

Co

—,

Assn.

9%

28%

9

118

Apr

109% Jun

Apr

39%

Colony RR

Union

Co

Twist

26

United

Drug

United

Mar

2%

Jun

14% May
9%

Shoe

Z

Jun

Co

Machinery

common

41%

Feb

4%

Feb

33

4

Jan

8% Mar

Waldorf

8%

Westinghouse Electric & Mfg—

100

6%

6%

49

5

Jan

6%

7

100

5

Jan

8%

7%

7%

10

5

Jan

9%

Feb

12%

12%

.305

30

31-

8

Mar

28

.Jan

preferred

27

27

130

23%

Apr

15%

15

15%

530

12%

Feb

84%

82%

84%

454

75%

Jan

84% Jun

71%

72%

1.345

69%

Jan

74

43

25
25

72

System Inc.—

Jun
Jan

12%

'

43%

56

43

Jun

44%

47%

43%

10

Rubber

Ant 15%

51%

403

40%

Feb

51%

Jun

12

12%

85

10%

Jan

12 %

Jun

100% 102%

300

91%

Feb

102%

Jun

Feb

Feb

100

6%

36

"

Inc—

Jan

U

May

5
5

prill

Fruit

Jan

7

Jan

*

Old

Feb

23%

9%

••—

.

1%

1,009

.100

10%

For footnotes

40

100

6

Jan

80

JinPfiO '115% May

145

34%

Jun

Maine RR—

100

17% Jan

Jan

3%

29%

16%

.——*

England Tel & Tel
North Butte Mining

United

Corp

7%

5%

14%

108 % 109%

25

100

.

.—

prior preferred
preferred stamped
class A 1st pfd stamped
class B 1st pfd stamped

7 %

6%

14%

100

Boston

Boston &

—•

Albany RR

"44%

Feb

71
587

16%

646

28%

Stone & Webster Inc-i

High

...

Feb

y

Bird

Mines

New

High
44%

43%

•

—

Anaconda Copper

for Week

Low

100

Tel & Tel

American

Sales

Range

29

4%

4

England Gas & Elec Assn—

New

5%%

Week's

Cos

National Tunnel &

5

Jun

32% Mar

1

Nash-Kelvinator
Service

1,031

Feb

1%

29% Jun

—5
-1

Narragansett Racing Assn Inc
National

17

500

55%

4

100
*

—

30%

17

100

Maine Central RR common

1%

29%

—.—25

Boston

Loew's

1%

30

J.

*

;.:100

372

Feb

12

Apr

14

Jan

28%

Jan

42%

Feb

50

Bonds—

Eastern Mass

Street

4%s series A

Ry—
—1948

104

104

$1,000

103% Jan

104% May

THE COMMERCIAL & FINANCIAL CHRONICLE

2550

Monday, June 19, 1944

OTHER STOCK EXCHANGES
RANGE FOR WEEK ENDING JUNE 16

Last

Week's
Range

Friday
Last

Low

par

Par

National

Shares

Range since January 1

High

Low

Abbott Laboratories
Advanced

Ball

Aetna

Allied

Bearing

Products

33%

5%

"2%

3

Brothers

Butler
5 r'/e

Ring

Central

111

————

Burrell Corp

w

Crane

Jan

18%

34%

Jan

40%

3%

■'*'

61/8

''"

4%

Feb

7

400

Jan

7

11%

3,250

9

Jan

11%

29%

50

28

Jan

19%

300
200

22

19%

16% Mar
20

22

Jan

'92%

70

88%

Apr

%

3,450

%

Jan

10%

400

pfd——.:10Q

capital
Coke—

9%

Car

Co:

Cup Co common

250

12%

Jan

14%

Util Corp

Electric Household

Elgin Nat Watch Co

6%

24,200

2,100

29%

650

26

Jan

60

200

56 %

Jan

63% Mar

34

34

35

60

31%

Jan

3%

3%

150

2%

Jan

13%

12%

13%

500

11 %

Apr

77%

77

77%

40

40

40

34

Fairbanks Morse common
Fansteel

50

common

4

8%

8%

50

6%

Jan

8% May

*

23%

200

21%

Jan

24

Jun

500

11

Jan

14%

Jun

300

85

Feb

94%

Jun

Jan

5%

Jun

Mills

Cummins

Roebuck

14

14%

*

94%

94%

94%

1

capital.:

Co

&

5%

4%

5%

2,650

14%

14%

50

13%

14

20

20%

1

—

common

Corp class B common

15%

1,750

3

200

3%

4%

Jan

Feb

271/4

20

Jan

29

111%

500

5

Jan

of

Indiana

Co ,(A)

5%

150

2%

Jan

&

Co

capital

25%

600

991/2

99%

200

93%

Jan

21%

200

20 %

19%

19%

200

15% Jan

102

9%

9%

800

43%

43%

300

16%

16%

13%

13%

13%

6% May
36%

Apr

6

Four-Wheel
Fox

10

9%
32

General

Finance

General

Corp

common-

27%

Apr

43

450

16

Jan

19% May

2%

2

Jan

34%

300

2%

2%

34
16

16%

15%

Gossard Co

(H W)

Great Lakes

..5

14%

Jun
Jun

Jan

28%

25 %

28%

600

23%

Jan

28%

Jun

10

51 Va

Jun

51%

Jun

81'A

Jun

56%

Jun

capital—_

11%

>*

Is

:

Steel

51%

51%

81V*

8IV4

52%

56%

3,650

50%

Apr

7%

7%

7%

5,950

3%

Jan

29%

29%

pfd—

Gypsum Co common.

S

-20

55%

common

common—

Walgreen Co

Williams

Mar

Wisconsin

Feb

19%

Oil-O-Matic

Jun

Woodall

.

Inc

—1

common-

1%

common

9%

Jun

100

26 %

Apr

29% May

100

25

Jan

28

Jun

200

11%

Apr

1314

Jun

2%

Jan

4%

Jun

8%

Jan

10%

Jun

4%

Jan

5%

Jun

4%

4,550

:

10%

2,290

5'A

5%

1,000

66%

41%

67/4

450

6%

6%

100

38%

41%

Houdaille

Hupp

(Geo)

100

15%

Jan

16%

Jan

13%

Jan

3,300

8

Jan

10 Va

Jun

American Radiator & St San com

*

11%

10%

Jan

35

Jun

Anaconda

Copper Mining.
.50
Topeka & Santa Fe Ry com—100

26%

25

67%

66

61%

57%

common

(new)..

35

650

29%

Jun

Jun

Bethlehem

May

22%

Jun

Curtlss-Wright

12%

Jan

12%

Jun

General

94

100

39

Feb

95

100

40

4

4%

Jun

Iron

New

Jan

Pullman

Jun

Pure

50

141/4

14%

14%

100

20%

19%

20%

2,500

9%

8

7

Feb

38%

Feb

48%

13

19%

Jan

15

-

Jan

20%

Martin

(Glenn L) Co common

Nash-Kelvinator

Mar

Jan

12

Jan

10
43

13

300

12%

Feb

13

140

34%

Feb

40

17%

16%

17%

5,450

13%

Jan

17%

1%

2%

5,150

1%

Jan

2%

com

6%

1,300
'2,550

4

Mar

6%

Jan

200

19%

Jan

23%

300

16

7%

6%
76 '

19%

19%

&

Co

McWilliams

Marshall
Masonite

Corp

Middle

Common

Convertible

18%

7%

6

6

7

~7

7%

:

13%

14%

49%

13%
49i/2

50

200,,

3,700
400

4%

Jan

6%

Jan

10%

$1

'*

Jan

104%

1%

Jan

4

5%

500

3%

7%

7%

4,900

6%

5%

7

.

17Vs

'

7

600

4%

4%

100 :

24%

33

16%

50

36%

400

17%

1,300

10%

10%

10%

100

16

15%

16

950

Feb

Apr
4% Jun

Brands

450

16%

Jan

20% May

16%

5,550

11%

Apr

16%

common—

17%

18%

1,600

15%

Jan

20% Mar

27%

28%

700

23%

Feb

28% Jun

47

42%

47

150

37%

Jan

47

Jun

16,

17

2,000

15 V«

Feb

18

Mar

11,750

8%

Apr

11

Jun

Apr

18%

—*■

17
r

L*

10%

•

18%

9%

11

17%' 18%

*

common

57%

350

17%

19%

"4,400

49%

51

57%

18%

1

STOCKS—

Baldwin

Sale Price

,

'

Week's

Range
of Prices
Low

*

Industries

10

II

III20

Laundry Machine

-

29%

500

16 ""

;

Jun

31% Mar

52%

Feb

57%

14

Apr
Feb

191/4

Jun

51

Jun

40%

Jun

Jan

36%

16% May

c43%

Drug preferred—

50

5 % Mar
9% Feb

Gibson

187

8%

Apr

29%

265

25 %

Feb

11
30

Jun
May

7% May

9

Mar

100

^XS

1,100

15

1,900

18% May
5% Mar

15

<15

12

15

2,100

5% Mar

15

%

200

fs May

2%

2,850

48

10%

600

100

47%

48

800

28%

28%

50

95

233

S

»

S.

1%

...

Preferred

9%
28

Jun

9

Mar

72

Jan

78

Mar

21%

17%

Apr

21%

100

12

12%

3

110

32

34%
3%

,.•,//

7%

100

10%

Jan

May

Apr

52

30

May

30
,

29

Jan

107

Apr

22

23

130

21

Jan

56%

57%

399

52% Apr

11%

"42%
11%

25

I50

38

-.

25

4% Mar
12%

35% Mar

31%

*

36% Mar

Jan

75

536

IIlO

Jan

Feb

12

107% 108

Jun

Jan

35

■»

12%
35

3%

11%

22

Jun
Feb

110

40

56%

Ill*'

>

22

155

42%

38

22

Feb

40%

Jan

8% Jan

109

Apr

Jun

25
May
58% Jan
-

Jun

45%

Feb

25

12% Apr

11%
38

38

551
251

35

1.032

12

Jan

15

Jun

112

15

Jan

21%

Jun

4

Apr

Apr

38% May.

Jun

Jun

% May

Unlisted-

Rolling Mitt
Ice & Fuel.
J

Jan

Columbia Gas

Feb

30

General

Mar

City

41% Apr

48% Mar

Standard

30

Timken

Feb

———.

15
'

—

„io\

■

13%

15

21%
•

Brands

Roller

,-25

i

Motors

27%

Jan

105

130

650

34%

..50

—a.

—

Jan

Feb

13% Mar

May

212

10%

....

...L—

26%

Apr

8%

3%

—u__

Playing Cord
Printing—

2% May
10 % Jan

Jan

10

100%

12

guaranteed—-

Randall?rclass A..
U

22%

35

American

28%

50

21% Mar

21%

9%

.1-1"

76%

33%.

a

Procter & Gamble

Jun

% Mar

12,

28%

25%

31

12%

____

Little Miami

U.

20%

10 %

50

8%

100

—

Lunkenheimer

11% Mar

15

Modine

.100

*

Art

High

Low

11

10%
10%
103% 105

20%

......

...

Kroger

Jun

51 % May

6%

Range since January 1

High

76%

8%

1

Hatfield
Kahn

21%

2%

10%
105

..10

Formica Insulation

Jun

Jan

200

2%.

25%

50

Eagle-Picher

Jun

8% May
13%

3,250

100

Shares

Jan

10%
16

22%

6%

fe

Dow

Jun

10%

47%

Cincinnati Telephone
Crosley Corp
—

Apr

6%

47%

*

Cincinnati Gas & Electric preferred.100
Cincinnati Street
50

Jun

5

10%

'

Sales

for Week

8

8

—

Champion Paper & Fibre—i—
Churngold
;

Jun

7

I

.10
preferred
Mfg common
Montgomery Ward & Co. common.
Muskegon Motors Spec cl A

3,350

28% Mar

Pat

Apr

25

10%

47%

5%

Jan

.1

.....

Jun

18%

28%

Jun

8

.100




18%

14%

,10

Aluminum

Jun

4% May
22

38% Mar

*

2555.

18

16 %

Last

Jun

Jan

101%

.100

....

Jun

18%

5

Friday

Jan

50

47%

20

5'/a

——————

For footnotes'see page

(The)

!

Jan

3,600

4

*

prior

8%

Cincinnati Stock Exchange

8% Mar

30

104% 104%

7%

Jan

6"%
16

Miller & Hart Inc—
Common

Jan

Jun

.5

prior lien.
—
preferred A—

7

■'III

Jun

12

—.

preferred A.
prior lien.

550

1

Inc

Oil Co

American

Jan

*

common..

8%

Studebaker Corp common
Rubber Co common

Jun

Jan

*

Midland Util 6%
7%

19%

10%

36%

Corp capital
Midland United Co-

7%

Jun

13%

24%

West

Jun

8%

•

capital

U S

Jun

150

—

common

Prod

Jan

18

7%
77

1,700

*

common

Food

50

Apr

12%

'

Mickelberry's

19%

5% May
68

18%

■

Manufacturing

38%

Jun

12

class A .* AT*!*.

Jun

6Vs Jan

Apr

25

17% Mar

15%

3%

Dredging Co common..

Field

900

700

May

12%

Lindsay Light & Chemical com
Liquid Carbonic common

McQuay-^Norris

7%
77

,

17%

common——...—..

McCord Rad & Mfg

17

.1
1
.*

—7
Libby McNeill & Llbby common
Lincoln Printing Co common.—.:— —1

61%

35

17% Mar

La Salle Ext Univ common..

Leath

Jan

4% Jun

900

*

York Central RR

Jun

10%

6

*

*
50
—100

A

56%

250

Jun

.1

Kentucky Util jr cum preferred
6% preferred

350

38%

Jun

2%

23%

(W B) Co capital

61%
5

Jun

May

16%

Mfg Co common—
—:
Katz Drug Co common.,—
Kellogg Switchboard common..

68% Mar

Apr

37%

22%

Joy

27% Mar

Jan

9

36%

% Mar

13

*

Jan

56%

38%

Standard Oil of N J

May

Jan

;

Republic Steel Corp common—

Jun

Jan

8

37

Corp

Radio Corp of America common

Jun

100

*m

Lamp

9%

9%

120

850

9%

Indianapolis Power & Light com
.*
Indiana Steel Products common——.1

Tube &

Apr

36%

Indep Pneumatic Tool v t c

Ken-Rad

8%

43

12

17%

Co vtc—

1,050

IIV4

24%

250

1

Paramount Pictures Inc

250

Feb

1,200

•

common..

Jun

14%

Jarvis

Corp

Jun

7%

4,300

May

12

481%

11%
67%

•

64"%

6%

common

40% Jun

26%
-

4%

5

1

Jan

8

•

common

Co

Feb

17%

Iron Fireman Mfg

Corp

51%

—10

capital

International Harvester

Steel

Electric

1,900

..100

Co

6% Jun

Feb

Unlisted Stocks-

6% Mar

1,650

Illinois Central RR common

Illinois Brick

Jan

Feb

5%
34

Jun

5%

12

1

class B——

Hershey

Motors

•

69

Apr

Jun

10%

64%

*
*

common A

62

1,800

250

11%

Horders

Hormel & Co.

7% Jun

■

28

10%

5%
67 V*

Yates-Amer Mach capital.
Zenith Radio Corp common.:.

Jun

43%

common..

61

Spencer Bartlett common——25
Inc common^-.
*

Hibb

Mar

13'A ; •

3%

10%

——

17

9%

71

Hankshares—

Industries

10%

43

..

13%

capital—;

Co

Stores

40

11%

100

;

28

common

Pump

Wieboldt

12

12

A

29%

S

64%

1

13% Mar

82%

42% Mar

.——.8

Jun

Apr

Jan

G cap

Brew Co

Feb

33

77

Carbon

Jun

Werner Motor Parts

Hein

Jan

31%

Jan

500

Standard

Heileman

18%

:

Jan

;

81

550

8%

May

27%
28

80'A

&

3%

9»/a

/

550
200

-

/

81

Carbide

40%

10

Harnischfeger Corp common.—,

14

1,250

Jan

14%

100

——*
*

common—

& Dk com.

Dr

Jun

21

300

7%

16%

Feb

40

48

Jan

Jan

450

*

12%

Jan

41%

common—..,—*

Jun

19%

10

Goodyear Tire & Rubber common

16

•?

11%

41%

common.—.,——*

Goldblatt Bros Inc

Jan

12

41%
>;

13%

1,950

16%

2%
34%

Apr

32% Mar

20

16

100

common
common

*

Corp common.

Motors

Gillette Safety Razor

Jan

170

600

22%

4

Jun

500

11%

common—.—1

common.

10%

14%

Interlake

General Foods

Jun

Feb

6

11%

94

5

Feb

1% Mar
<:■

5,550

21

18%

—10

(Peter) Brewing common—*

Jun

1%

400

1,750

6

10%

24

14

40

211/2

-*

Auto—

Drive

5%

Jun

18%

16

Wrigley (Wm Jr) Co capital—
9%

20

10

20

(The)

Common

43'/2

14

..2

R)

(J

Co

Wayne

Jun

21%

£

Jan

May

25%

Jan

10%

15% Mar

■

35

34%

4_i

s

Feb

18

common.— -.5

Corp

13

350

;

10%

.25

capital.

U

5% Mar

'Feb

1%

3%

I 4,400
■

•

33%
.30

common.

U

12 % Mar

5

19

10%

Stockyards capital

United Air L Transp capital
United Light & Power $6 1st

Jan

11

25%

1%
9%

.*

com

2

Utah Radio Products
18 Va

5

..1

Oil

&

Union

Jun

5%

24%

1,900

cl A

Power

capital

: :

Transcontinental & West Air Lines. ._5

Jun

27%

2% May
Jan

6,400

Works

13%

.25

Feb

51/8

Colo

Trane

17% Mar

27%
'

•

Thompson

14% Mar

13%

*

Corp
Bend Lathe

24

15

92%

Jan

4% May

33

Jan

Apr

29%

Jan

30%

13% Mar

43

Jan

3%

14%

78%

May

Feb

12%

500

Swift

Jun

150

79

38%

4%

Sundstrand Machine Tool

Jun

Apr

71% Mar

10

4%

32%

58%

92%

*

i

Metallurgical

200

_5

common

29%

28

51%

May

4
May
13% Mar

jr'-

.15

Mar

25

30% May

93

29

.25

105

May
19% May

17

Swift International capital

Jan

Jan
Feb

50

25%

Stewart-Warner

Jan

82

4% May

Jan

79

18%

Jun

50%

Jun

125

105

100

35

Jan

3%

330

91

25%

Stein

6% Mar

4% May

44%

21%

15

—

24

Mar

125%'May
32% Jun

50c

Standard

Apr

27

——*
•
1
8

.

50

1,250

34

,

60

29%

*

Common

Feb

51/4

Domestic Industries Inc class A

Jan

20% Mar
;

100

Apr

11 %

Corp common——

125

4%

4%
90

Atch

Dixie

Dodge Mfg

20

18%

——10

Standard Dredge preferred

Jan

500

4%

-V

lb

14

26%

10%

Jan

471/2

3

-—-—10
*

Jan

Jan

21% Mar

Feb

Jan

22

'

1

common——

South

Jun

63%

26%

1

Dayton Rubber Mfg common.-,
Decker (Alf) & Cohn Inc—

/

91

f

...

common—

St Louis National

%

Jun

58%

99%

19

16%

10

32%

32%

M%

50

;

Spiegel Inc common

95 %; Jan

% Mar

26%

25»/a

I"

common———1

South

Jun

141/2

5%

15%

50
—50

125

100

(The)

(The)

Packing

Serrick

Jun

58%

v

91%

Cudahy Packing Co 1% cum pfd—100
Cunningham Drug Stores—
—2%

common——

%%

class A—-.—-—10

RR

Circle
Co

Sears

Jun

10

50

ftf.

581%

14

t c B
*
common————»•———25

Deere & Co

Elec Switch

Schwitzer

29% Mar

56%

:•

125

11

Apr

Sangamo Electric Co common

Jun

4%

26V4

51/8

125

20% Mar

10 %

750

(The) common——10

Rollins Hosiery

Apr

581/2

27%

18%
33

Jun

17% Mar

100

18%
33

Jun

25

100

1041/2

v

Common'

pfd——100

Elec

Raytheon Mfg Co
6% preferred

Apr

27

45

capital,

part shs

—f

'/•"*

Mar

18

Feb

Jan

141/2

471/2

21

18%
33

common—

common,

Quaker Oats Co common

Jun

14%

Inc

Coal Co B common..—.
5
preferred —————— .100

Rath

Jun

Jan

10%

141/2

r—

pfd part shares——:

Co

16%

20

fs

———

part shs. v t c A—

21

Airlines

Util -7%

West

*

Jun

May

22

58/2

5

i

100

Pressed Steel

Co—

Consumers
c

41
11

100

u

101/8

10
Club Aluminum Utensil Co common—_*
Commonwealth Edison common23
Consolidated Biscuit common—,
1
t

Jan

Jan

8

350

92

Cities Service Co common

Com

800

41/8

Jan

25

21/8

——-"*
Chrysler Corp common——5

Common

300

.300

10%

Potter

Feb

9%

27

%

,

1
*

—

I—

Chicago Yellow Cab

V

17%

19%

21%

5

common—

for common
w

2,250

18%

10%

20

common..—-4——

Signode Steel Strap Co common

*

,

preferred —
Chicago Flexible Shaft common
Chicago & Northwestern Ry—
c

40 »/4

15%

Jan

10%

•

pfd

Convertible

Preferred

33%

100

18

Perfect

Corp—

Secur

Chicago Corp common

V t

1,550

I81/2

18

111 Corp

Pennsylvania

'

————1
Convertible preferred
—*
Central S W Util common
—50c
Cherry

8%

300

40

Sinclair Oil

Common

Preferred

May

14

950

41

37%

Jan

Peoples Gas Lt &
Capital —

Jun

1,850

107/8

6%

30

Serv $6

Pub

Illinois

Central

26%

29%

common™——10

(AM)

& Co

Jan

9%

3%

19%
Castle

20

25

11%

Cannon Fdy—

Campbell Wyant &

400

'

Jan

33%

Penn

Apr

26

•

10

convertible preferred

,

"Va
26

~6%

——.

16

14%
;

17

——1

common

.

Feb

38%

common————10

Piston

Burd

common

■

37%

401/4

.4——1
——5

——

(EL)

Bros

25%

32%

850

6%

Feb

12%

Apr
Jun

350

Peabody

Jun

4/4

I81/2

common—
5
Pence & Wire class A pfd——*

Co

2%

Jan

150

10%

41

Feb

15

14 i/s
9

1 %

3%

13%

40

6% Mar

5,100

12% Mar

Apr

37%

Parker Pen Co.

Jun

Jan

Feb

12

'

Jun

4%

High

11%

38%

Oklahoma-Gas .&

Jan

i%

2,650

41/4

x25i/2

6

10%

Jan

50

36%

Nor

Jan

1

100

13%

39%

stock

cap

Northwest Bancorp

160"% Jun

Apr
7% Mar

600

2%

7/8

Jun

*'/s

100

5,500

6%

15

15

Borg-Warner Corp
Common

3,300

.

(

Corp———'*
Corp common
5

Bruce

/

2

4%

Berghoff Brewing Corp
——
1
Bliss & Laughlin Inc common-——5

Bunte

101/2
1%

1%

9%

Brown

5%

IO1/2
'

12%

13%

37%

Northwest

Jan

'39%

Jan

14%

Radio

20%
25

.

Apr

156 %

6

common———10

Aviation

Jun

Low

12%

.10

North

17% May

Jan

Jan

650

"

25V2

Bendix

23

200

1%

Seelig Mfg A common
5
Bastian-Blessing Co common——.—*
Belmont

50

38%

10 %

(Delaware)—,—-—3

Co

"16 '/8

36%

-5%
,

&

Mfg

12%

305

Range Since January 1

High

North American Car common

Jun

14'/a
25

Shares

Noblitt-Sparks Ind Inc capital——..—5

Jun

5%

1607/a 160%

38%

Equipment Corp common——1
Mfg Co common—-———1
Athey Truss Wheel capital
—-4
Automatic Washer common
—3

Belden

62 %

Jan

161/4 xl6%

Asbestos

Barlow

Feb

4%

50

*—

Cooker common. —2

National Standard

High

53%

1,800

25

Corp

Aro

Aviation Corp

100*

5%

14%

14V2

1•

common

common™—-10
Allis Chalmers Mfg Co..
American Tel & Tel Co capital——100
Armour & Co common
5
Allied

5

5%

—5
1

Castings
common

Laboratories

62

common-—,-—

Aluminum

for Week

of Prices

Low

I

Cylinder Gas common—,

National Pressure

'

62

Range

,

Sale Price

,

Sales
for Week

of Prices

Sale Price

STOCKS—

STOCKS—

Sales

Week's

Friday

Chicago Stock Exchange

20%

21%

4%
62%

*
—

Bearing.

....

—

♦
.....

3%
.61

-

4%
64%

1,795'
660

30%

30%

62

49%

49%

60

ST%. Jah
28% Jair*
43% Apr

5 % Mar

64%" Jun
31% Mar

49% Jun

Volume

159

Number 4291

THE COMMERCIAL & FINANCIAL CHRONICLE

2551

OTHER STOCK EXCHANGES
RANGE FOR

Friday

Cleveland Stock
'Friday
STOCKS—

•

Sale Price
Par

Akron

Bfass

,

Basic

Refractories

V

City Ice & Fuel,

Cleveland
Cliffs
Eaton

$4.50 pfd———i___*

Manufacturing

General Tire

.

5

common

B

—

Goodyear

Tire

15%

Hanna,

M

Interlake

——

%

33

:

-1—1'

Kelly Island Lime & Tr_
&

102

r__—*

1

Steamship
Jones & Laughlin^——
Lamson

a46% a48%

*

—

Sessions-^.————i*.

Leland Electric

——

o

: 18 Vz

:

MedusaCj Portland

Cement—

y

—*

.

National ,Acme
National
Packer

Refining

Bros

Seiberhng

11

Oil of Ohio—

Van

Products

Dorn

Iron

>

*

f

Inc—_l_—

-

Jun

102%, Jun

102%

Jun

34'A

Apr

31

;
>

5%"''■ 5%

'• 425

".

Friday

Aircraft

Accessories

Jun

6y4

Feb

Baridinl

'

'

V

Jun

Barker

Jun

12

Jun

Blue

39

Jun

Bolsa

Jun

Broadway Dept Store,
Byron Jackson Co~__.

18%

21%

3%; Jan

4% Mar

■

95

14%

Jan

18"

May

Bros

Corp

Diamond
Chica

California

®

2%

>

Central

141

10%

Feb

12

Apr

12%

Jan

16%

Jun

Cessna

26

13%: Jan

16 y2

Jun

Chrysler

110

11% May

737

32%; Jan

7%

395

43 y8;»

17%

V

216

Addressograph-Multigraph common—10

36

Industrial

York

Ohio

Oil

Aircraft Co

'

1

*

common—

S

—*

Steel

Steel

7'%

Jun

Creameries

of

America

Farnsworth

2y4

Jan

Foster

12%

Feb

General

Jan

,

Jan

20

34

'

Television

20

31%, Apr
39% Mar

180

35

15

a39»/8 a40y8

7%

Motors

__

&

General

Jun

Gladding,

McBean
Tire

Jan

22%

Jun

Paint

Honolulu

Oil

Jan

8y4

Jun

17

Feb,

20 y4 Mar

Magnin

17%

Feb

19% Mar

Menasco

269

15% May

18

406

50%: Apr

55 Vb

14 y4

16% May

20

Apr

Mar

Jun

v

6%

Richfield

Shell

Co

Chicago Stock Exchange

Solar

DETROIT

—

„—

Detroit Stock
Friday
Last

STOCKS—

Sale Price

Exchange
Week's

—

Gas

Range

Co

Drop Forge common

5

Baldwin Rubber common

sy4

Shares

1

McLaren common-

8%

*

common

37 y8 -

1

Detroit

Steel

Eureka

Vacuum

Ex-Cell-O

Corp

common

Corp

—

i

Wood

Industries

General -Finance

4%

■■

Goebel

Brewing

6 y4

:

Motors common

General

Ltd

1

—

Graham-Paige .common—-1
Grand

Rail

Valley
Ball

Hoover

Brewing

3'/4

& Bearing

Houdaille-Hershey

B^.—i.

Hudson

common——,

2

•

Lakey Foundry,& Mach -com^—
Wines

1

Masco Screw Products common—

Case

600

2%

Jan

Michigan Die Casting
Michigan

Tube

Preferred

..—-10

Corp—

Murray

Chemical

Park

—,——10

Co

;

common-^--

Motor. Car

Packard

L„,

common

Peninsular

Mtl

Prudential

Invest

Rickei

Pr

Mfg

Simplicity

Standard

1.185
100

6%

125
275

9

24c

3%

•

Jan

5

5%

Southern Corp—,

ft

Jan
Feb

2

Mar

1

Jun

88c

Mar

7

Zellerbach

Foods

Goodrich

Interlake

Int'l

Corp ———
Co of Canada
——

Nickel

Kennecott

Inc

McKesson

Robbins

Jun

Montgomery Ward & Co Inc———

Sail"'3%
Feb3ai^"'6%

Feb

Mountain

North

Jun

North American Company.—

10%

100

*Jan

10%

Jun

New

Ohio

York

Oil

Aviation, Inc. —.

1%

5,985

1%

Feb

1% Mar

Packard

2y4

674

1%

Jan

2%

Paramount Pictures Inc

3

Jan

3% Mar

.1

3%

1

*

page 2555.

1%
32

Mar

5%

5%

113

5

Apr

6

Jan

4%

Car

3V«

Jan

9%

Apr

900

3%

Jan

4%

Jun

Pure Oil

2% Mar

3%

Jun

Radio

1%

Jun

Republic

Steel

Jun

Seaboard

Oil Co

2,700

1%

1.800

1 %

May

308

17%

Feb

3% May
12

32

Jan

a65%

205

3%

a21

17

17

17

Jan

32

May

Feb

67% Mar
32

May

3% May
19% Feb

21% Mar

200

4%

a20%

56

20

ab7

a30% a30%
4%

15%

Apr

18% Mar

2,251
H"

a38% a40y8

40

4%

36

Feb

Mar

40

34%

Jan

60

529

57%

Apr

60% Maf

al3% al3%

79

13 %, May

13 y4 May

a31% a32 y8

a4oy»

104

60

30

Mar

30y8 Mar

36% May
8% Jan

36% May

34% Apr
45y2. Jan

88

a38% a39%

35 y4

Feb

45 y2

Jan

10%

Feb

4%

850

5

Feb

18

1,665

14%

Feb

18

Jun

a27% a27»/4

60

25%

Apr

%

Feb

26% May
% Jan

%

%

13%

13%

1,467

8

4ya

850

6,266

6%

17%

Feb

11%

15

Jan

Feb

8

Jan

5%

Jun

5

360

4%

629

35 y8

50%
2%

7,650

a32% a34y8

100

1%

.

Mar

Jun

1%

Feb

28 y4

Jan

50

6%

Jan

6%

195

a8

18%

15%

25%

Apr
Jan

27%

Jan

12

18%

Jun

30%

Feb

31% Mar

6%

Apr

18 y4

3,626

a29% a31%

460

7%

730

7%

a64% a65y8

a23% a23%

*

a44!/2 a47%

..

..

2%

23

Jan

129

42

Apr

!■",•/

Feb

tefV

200

1%

17%

18%

1,150

15%

7%

8

472

7%

Jun

18%

17%

18 y«

286

16%

Jan

«

18%

28

sy#

6

II,138

28

28

101

a28% a29ya

a

18%

a

Jan

7% Mar
23

30

1%

III

34% May

70

1%

18

Jan

Apr

Jan

47% Mar
1% Mar

<'<a\ 20% Mar
...

*(■'

-

:

9%

Feb

18% Mar
19% Mar

a

29

46

Jan

6

Jun

30

May

285

25% May
26"% Jan

30

May

a2iy8 a21%

Ill

239

20%

46

495

41

115.

15%

Feb

8%

Apr

46

al6% al6%
—

Jan

May
50% Jun

-

a8

—L
10%

10

11

3,296

3%

Feb

May

22% Mar
46
18
11

Jun

Mar

Jun

18%

Corp
of Del

43

Jan

42

40% May

230

2V4

a34y8

—

Company.

6%

Feb

31

Jun

37 y2

Jun

37%

50%

"6
—-

17%

Apr

5

Co

Corp of America;

16

390

17%

18

Pennsylvania Railroad Co——— .50
_25
Phelps Dodge Corporation
*
Pullman Incorporated —r——

826
•

3y4
32

Motor

2.000

' ""

at>7

a26% a27 y21

.10

Company—————.

1%

common-^.

27

«

—

American

2Vs
3%

3%

Apr

Jan

18%

Copper Co—-,
Central RR—

21%

10%

Apr

24%

~5

City

30% Jun

3%

Jun

37%
158

380

7%

——-

Jan

10%
"4%

11%

Jan

Feb

a26

—7

Inc

Apr-

"4%

36%
156 Va

a25

——-i———

&

3%

"3%

Jan

a26

a31%

Copper Corp

Loew's

18%

1

Jan

43%

*

26%

-

Jan

9

130

1,117

a40% a41%

;*

International Tel & Tel——*-.1

418

1,085

V

6%
1,30

Jun

Feb

—1

Iron

380

I

5 % May
1.10

Jun
May

6% May

42%

(B F)

9,201

3y4

Jan

37%

Libby, McNeill & Libby

Jun

3%

30

———-

21%

9

15

a47

——

Corp——

Jan

Jun

19 Va

Jan

a44%

Corp--————— „5

30

5%

>

Apr
Feb

12

a47

—1

_——-—-.

MzpiiV*

2% Ma?

19% Mar

18 %

t

Jan

6% Jun
9% Jun

Jan

:

Jun

•

Feb

18%

H

500

a38% a39 Va

III

Corp———.

Co—
—-Graham-Paige Motors Corp—i——_.—1
*
Great Northern Railway Co—

jan^w^ &2i% Jun
Jan

Aircraft

Jun

Jan
—...

9

Vultee

General

.....

May

5%

1,516
i212

Commonwealth

General Electric Company

1%

184

al58% al61%

*

Curtiss-Wright Corp—.—— i—.

5% Mar

a21

Jun

31% Mar

16

Jun

36c

8%

Jan

4%

Jun

Jan

12'A

2%-

159%

Corp——
Corp——;.

Edison

Jan

Jan

Jan

755

Elec

ft

1%

*

ai9

5%

4,738

Company.— _25

Gas

70c

Jan

5

65c
'

Columbia

25

3%

9%

105

2

Vf

19%

6%

9%

——

Crown

Jan

16

'

6

9%

a49V8 a49%

Co

Jun

1%
-

21 y4

20

10




75c V-

11%

6%

*

Tractor

1

common

see

600

r,

Caterpillar

1

common—;

footnotes

7

30

_2

common

Stearns- (Fred'k)

For

2

10%

common—-

Pattern

1%
30

—

common—

Tube "B"

1%

200

V

'

38 y4

65

74c

May

4%

100

; ■

3-3

■f 12%

1

^

common

River Raisin Paper common
Sheller

-

1%

8%.

36%

a38

Continental Motors Corp

Jan

1,300

20

2l/z

iH W) common—

Scotten-Dillon

5

6%
8%

•

common—:

Parke, Davis common.;
Parker Rust-Proof common
Parker-Wol

1

_*

———,

Jan

a35%

Cons

2y2

24C

75c-

—

34%

24% Jan
35% Feb

a37%

Jun

Feb

-

_*.

common

Products—

•

2

150

845

100

Jun

22%

May

1,981
4,270

_*

Co_———

13 %

900

3%

(J I)

17%

57c

10

24 Va

38

160

Jan

200

7% May
Apr

36%

9%

Feb

445

Feb

3% May

30%

-15

Commercial Solvents

May

Jan

9%

Commonwealth

21

3

9%

8%

2% Mar

2,175

y

Jun

500

—5
Corp ■——■;
——
• Railway
Co——_ _25

1.10 Jan

Jun

Jun

36%

—5

Jan

50c

5,785

3%

—5

—

———

Pacific

Jan
Jan

8%

770

3%
25

;

14%

2.200

\

65

24%
'2%

6%

Micromatic Hone common-——.

Motor

3

'

.■

Feb

Corp_

Co

Apr

;

19

common—2J/2

Sugar

-

1"

common^.

iy4
96

Apr

14

29%

—5

—

Jun

212

24c

Co

Feb

20%

1%

1

Borden

52%

6

5

;_1

McClanahan Oil common——
Mich' Sti

3%

Jun

1,233

65

—2

common——

6%

Aviation

*

17%

LaSalle

Airplane

Bendix

Borg-Warner

13 y4
74c

3y4

Boeing

Canadian

74c

24%

——

Bethlehem Steel Corp—i-

Jun

Jan

16%

10.>

Jun

8%

Jun

20%

———

Jun

34%

4

12%

common^.——

9%

Jan

13

200

27%

Jan

37%

-5

Jan

Jan

500

Apr

10%

38

V

50

Oil Co

Barnsdall

Mar

74c-

S)

Atchison,

3%

17%

(S

—

200

16.623

27%

2,573

40 y2

30%

-14

Corp

Jan

13%

Kresge

Viscose

17%,

3V4

.

8%
22%

Locomotive Works vtc_— _13

_«

&

3%

a39 %

Baldwin

—*

Motor Car

Lock

3%

11

14

3%

13%

11%

Copper Mining Co—
Armour & Co (111)
Atlantic

Jan

47 y2 May
36 y2 Jan

48 y4 May

70

39 y2

a26

a

Jun

8%

4y8

a26

37%

13%

100

4%

99C

85

39%

I,410

3%

V

Jan

a49% a49%

a49%

Sani Corp

Stan

Jan

May

3y8

11%

&

3%

4

225

10%

Rad

19%1—V 110

3%

3%

Stocks—

Unlisted

"768

Mfg common——'—!
Kingston Products common—
1
Kinsel Drug common—
1

Hurd

3%

Jan

;

4%

61%

Mar

700

Topeka & Santa Fe Ry— 100
Refining CO—__- _25
—3
Corporation

61

10

6%

Aviation

Jan

Feb

1.10

Jun

4%

8%

6%

1%

12

2,805

1.10

Jan

565

10

Mining Stocks—

Jan

9.155

Feb

9%

9%

Alaska Juneau Gold Mining Co—^—10
Chollar G & S Mng Co
—1

18%

.

49

Cons

75c

6'/4

47% Mar

321

7.825

4

IOO

6%

3.871

12 V

48%

6%

iy8

8%

common——10

48%

pfd— —10

Portland Cement

Jun

■'

Jun

7

262

9%

V

43%

Apr

30

450

Jan

6

Jun

Jan

5%

19%

3%

7% May

31%

40%

2,215

14 y4

350

5%

Jan

576

6%

14

Anaconda

23

25

Jan

5%

18%

Jun

99c

—5

a3iy8 a31%

-25

8

170

Jun

a43% a44%

5%

—5

Jan

280

36%

Co— —10

47/8

61

common.*.—1,

common—L

Lamp

Inc.

California——

5.750

1,098

Jan

a44%

III 1

American

.

35 y4

a31%
,

* •

Jan

8%

30

a36% a36%

—*

Feb

9 y4

Jun

14c

Feb

14%

34%

Jan

33%

Feb

490

8%

30c

Jan

31%

15%

21% Mar

Jun

Jan

15%

14%

20c

30%

29%

Tel ft Tel Co

6% Mar

1,500

1,010

204

Smelting ft Refining Co.j

20%■ Jun

Feb

al9c

33%'

30%

American

..;4% Jar.

7c

al9c

33%

Corporation—— „2

Oil

1.25 Mar

*

30%

American

2,485

5,500

Jan

Jun

32%

Amer

%

9c

9c

10

95c

780

Apr

Jan

4

3%

9c

al9c

7,595

22%

Feb

6'/a '

Apr

1.10

30%

Jun

20%

Feb

16%

16

%C

Jun
Mar

318

1%

*

17%

1,035

14 %

1

44c

Jun

2,499

Jan

;

97

—25

Air,

Feb

15%

23

—.

West

30c

250

!:

Jun

8%

Calif—

&

13

—25

pfd A

6%
Co
of

Jan

825
■

24c

10

16

1.10

Jun

Jan

750

9,000

31%

Jun

10%

16

2V2

23%

1%

8

42c

13%

"

31%

12 Vb

15%

38c

Jan

Jan

—25

150

4

4c

13

16

II25

Ltd——.

400

3% Mar

20c

12%

«■

1,392

12

1Q

common

Jun

Feb
Jan

-III

iy4

&%

_„1?

common

37%

8%
1%

V

•

3%

r 19%

8%

__3

common

Mfg class B—»

Gemmer

8% May
8% Jun

2,963
1,900

50

14 Yb

34%

*

Gar

1,231

Jan

5%

3

common

Jan

-i'19%

1%

5

Federal Motor Truck' common——

6%
27%

;~i%

_5-;.
-

6,811

v2oy4
>;•:

1

common

common

8%
37 y8

9

20

-

7y8
35%

7y4

,8

5

Detroit-Michigan Stove

15%

*

common

.

•'

common—10

Iron

High

Jan

1.635

27%

2%
;

1

3%

1

common

Low

8y4

180

13%

1%

1

*

iy4

10

common

7%

31

12%

—25

13%

Burroughs Adding Machine
*
Burry Biscuit common——12y2c
common—

Range since January 1
6

May
Jun

9y4 May

Jun

19c

*

Co

Consolidated

Yosemite

High

33

Jan

12%

'

Corp——1

of

Universal

for Week

of Prices

Low

Jan

—15

Edison

Pacific

Oil

92 %c

7'%

31

—25

Stores. Co,

Calif

Oil Co

Union

72 %c

—1

Corp

Transcontinental

Sales

Jun

200

—25

Company

Chain

Oil

49

—1

Corp

common——

Corporation

Aircraft

Calif

12%

Jan

100

V2%

—1

preferred class B——
5%% preferred C—
So

Jan

38%

*

common—

Elec

Oil

Oil

Southern

.

10

293

_10c

Corp

Corp common

Union

Sinclair

626

49

13

Ryan Aeronautical Co—— —11
•
Safeway Stores, Inc——
—I~30
Security Company

New York Curb Associate

Jan

72 %c 72 %c

———

.V. v;

Exchange

Oil

9%

9%

1

III

1st preferred
1st preferred—

5Yo

805

13% Mar

12%

—*

Ltd——

&

13

Jan

49

—

Co——

Corp,

Apr

12

9%

10c

Mfg

Gas

12

400

9%

—1

Occidental Petroleum
Pacific

13

12%

12

Company

(I) & Co

Nordon

12%

49
—

40%

50

12%

Co—

——

Aircraft

9%

36

Co.——

&

Rubber

Petroleum

Jun

Jan

Jan

Co

Lockheed

Jun

24%

7%

1,934

a47% a50%

a50%

9%

Jan

Jun

Apr

Oil

Lane-Wells
Lincoln

8%

Jun

12 y4

20%

Apr

Apr

Jade

Transamerica

Edison

635

May

9% May
93%

3y2

Jun

Sunray

Gray

4,040

73

Jun

14 y8

Jun

Southern

Detroit

12

23%

Jan

4%

84% May
9y8 Jan

64 Va

Corp

Standard

Detroit

11%

45

100

369

Jan

28 Vb

Telephone: Randolph 5530

Nav

152

71

4%
93%

Jan

38

-

Cleveland

70

2V2

6%

Milner

Jun

28% Mar

52%

Hupp Motor Car Corp i—

Sontag

&

Jan

22%

Feb

100

35%

125

Ford Building

Detroit

16%

Apr

25%

1,288

Hudson Motor Car CO—

7

>

is

Detroit Stock Exchange

Crowley,

Feb

21

3

Jun

Members

Paper

15%

10
34

4%

Corp common——
&

Jun

1.95 Mar

64 y8

Jun

watling, Lerchen & Co.

Motors

612

Juri

2.45

3

_

Continental

16 y8

16

63%

43%

.

Consolidated

16

92%

»

Pacific Lighting Corp common
Republic Petroleum Co common—
5 % % preferred.
—-■—^-

Brown,

Jan

2.50

49

.

Manufacturing

Jan

1.30

70

Radio- —1

i. Feb
18%; Apr

110

al8

17%

Briggs

Jan

1.80

500

common——. -10

Corp

Jun

205

8%

53
551/3
al6y4 aiey4

„

Atlas

12%

1,440

1

*

Kleiser Co

&

27

Apr

70

al8% al8y2

*

,

200

245

4% May
6 % Feo

a27% a28%

Products Corp——. 1-4

38 Vo

Feb

.

V

40

al8

__

.

common

New York Stock

Jan

•

16

High

Jan

4%

1.80

—1

Electrical

125

common

common

Youngstown Steel Door

16

Low

1.435
2,030

23%

Jan

1

Jun

Range since January 1

2

215

12

Jun

2

v

4 % Mar

18%

Sales

1.75

Preferred

19 y2

10

a49

1 % Mar

Jan

17% Mar

Shares

—5

—

Corporation

15%: Jan

v

Jan
Jan

3%

for Week

245

16%

42%

a2iy8 a21!/8

__

U

135

1%
98c

a22% a22%

Holly Development Co

8%

common

Republic

18%

5%

com—

Jan

a37y8 a38%

i*

common—

Central

Inc,

33%

190

a22% a22%

;

Iron

New

1.210

5%

Douglas Aircraft Co, Inc———:

8%'-

a27

.

a37% a38%

a48

_•

common

common-

Rayon

12,000

4%

5%

Packing

Feb

170

a44% a45
*
__

Interlake

6,420

1%

3%

Consolidated Steel Corp

Mar

V

__

Cleveland Graphite & Bronze com
1
Tire ft Rubber common—'
Co

3%

High

—1

43%

175-

•

2%

12%

a27 "

—.

'*

Firestone

Glidden

Jan

Range

16

Corp—

40%; Jan

>-65

17%

'

12% Mar

Vv

7.,1' Jan

.

80

42% a42%
2%

__

Tube——*

Unlisted—

General Electric

6%

3%

common—.

Corporation—

Oil

Goodyear

&

400

Low

_50c

—

Corp commonInvestment Corp—
100

220

12%

.7%

—12

50

Sheet

Corp

Jan

35%

>}.43%

17%

•,

Refining —I—i—.—2
Weinberger Drug Stores——-—
_*

■

Jun

9

3% Mar
9
Apr
3% Jun

3%

Petroleum Company—.

16 %

>-35

a

~t*A.

Warren

Youngstown

8%

Jan

—2

Jan

16%

.16%

•••

-

*

—1__

White Motor

•

Jan

2%

1

Jun

12%

Jan
15%>Mar

100

5%

of Prices

Par

24

12

435

550

150

Week's

Last

Sale Price

May

:36%

133

Jun

8%
3%

Angeles Stock Exchange

STOCKS—

17

100

is :: ?

Los

Mar

5%

■50

4

»

>

Feb

11

12%

—;:\:i

25

„_

Works

48%

21

16%-

':

„

i*

—

Thompson

Feb

'

tiy4viii/2

16%
—

;_5,

——

Rubber i—l—ii—1

Standard

Jun

36%

90

12

1%

—4

4%

'

*

;_lllljU.—_•

—-

50%

50

4

.•<;

v—•

_*

111.

—

Electric

Richman

—

Jun

Jun

Feb

504

:>.i8

rtew___———*

Corp.

Patterson-Sargent
Reliance

V

.11-1—1

>

46%

23%

40%

165

' 38 %T 39
U9% - 2i </2

-

•

Metropolitan Paving Brick—1_1—*

Feb

Feb

12Vz

12

39

.

Apr

42%

,

18%.-:18%

?

—

*

_—

common-

Jan

18%

1

common

2%

4%

B

Aircraft

3% Mar

400

1

A

Jan

4%

3%

1

—.

2%

Apr

19%

,

High

1.538

16 y4 May

so

131

v

a24
'

12

<■

—

McKee, A G class B____

33

a24

V

5%.

v.

*

——

McKay Machine

33

W,

„

._*

—

:

102 % 102 %

■

114

13 y4

202

a47% a50%

preferred——'—

A

Apr

Low

3%

4%
7%

May

Jan

93

*

Rubber

Jan

79

Range Since January 1

High

3

class

Warner

22

113 I

981

:'

a23% a237/e

Class

Cooler

Wayne Screw Products
Young Spring & Wire

Jun

Shares

3

3%

1

U S Radiator common—
Universal

for Week

9

United Specialties

51% May

63,!

2

.—1

—

21%

Jan

18% Jan

505

16

Apr

Udylite

Low

.—1

4% Mar

May

15

90

f.

6V4

"40% Feb

6

*

ft

4 %

50

a45% a46%

v.-

-

Co_„—1____23

F

a4%

.20%

„

Goodrich,

6%

Hiah

;■'■

Feb

51/2

1,239

16

1_—_*

—

& Rubber

low

19% a21%

a
■

Range since January 1

300

20 %
75.Vs8 ---.vi: 74 %.; -76
-1'
all2% a 112'/a

,._i

Iron preferred——*

Elec 111

Corp

Shares

a50% a50%
.

—

Clark Controller —————i

Cleveland Cliffs

a4%

,

i(_-

—l_i„_*

Tivoli Brewery common—

High

6%!

'1,

1

__

Brewing Corp of America-—,———13

Low

6%

.

Range
of Prices

Par

Sales

Sales

Week's

Last

Sale Price

STOCKS—

for Week

of Prices

'

'

.

-50

Manufacturing--.

Exchange

Week's
Range

,!Last

JUNE 16

WEEK ENDING

—1.

18

18%

890

16%

Apr

18%

Jun

24%

24%

24 y2

115

24%

Feb

24%

Feb

f
t

Monday, June 19, 1944

THE COMMERCIAL & FINANCIAL CHRONICLE

2552

OTHER STOCK EXCHANGES

,

'

RANGE FOR WEEK ENDING

(Ind).

Studebaker
&

Corp

.w--—

29 %

Apr

30%

270

32% Mar

33% Mar

Arkansas

203

53% Mar

55% May

Blaw-Knox

50

8% May

9Vs Mar

a9 %

a 9%

>

.

Par

19

17%

-19%

2,888

13%

Apr

19 %

30%

30%

210

27%

Jan

31 %

a47%

Corp

91

46 Vs

46%

Apr

Feb

110

33 y4 May

33 y4 May

480

13Y* Jan

15% May

.

a80% a8l%

a80%

IlOO

alllVa

.—5

109% alllVa

28%

a

*

(Del)——;

Electric common
Commercial Corp com

IZIo

National

27%

1%

50

609

; 55%

1,052

'.'V;'

12%

:

a47 Va

.100

—50

al03%

Willys-Overland Motors Inc——
Woolworth Company (P W)_——

—1

15%

'

55%

Jun

Jun

14

11%

Apr

165

42%

Feb

47% Mar

93

Feb

99 %

Jun

United

Feb

13%

Jun

Jan

39% Mar

a39% a40%

6y4

323

37

Low

^—•

American Stores

—100
Works v t c
13
Bankers Securities Corp preferred—50
Barber Asphalt Corp
10
Budd (E G) Mfg Co common—
—
Budd Wheel Co
—4

15%

Apr

103

-

103

9

-

8%
V

1%

..

1%

73/a

Apr

9

6 3/4

Jan

8%

1%

2.546
625

7

IZZi

Pub

Curtis

Low

14%

186

Prior preferred

Jan

General

21

130

18

Apr

3%

Jan

5%

1,600

40

50

110

34 %

Feb

50

23%

21%

Apr

26 y4

382

1%

100

80c

Feb

1%

100

1

May

1%

Jun

32%

32 Va

141

303A May

33%

Feb

336

21 Va

25% Mar

9%

•

Brake..

Air

,

24%

233/4

24%

50

7%

8%

1.930

5%

Jan

8%

Established

9Va

670

7%

Apr

9 %

Missouri

KffmhprN

Jun

Aircraft

96%

1,684
3.499

45%

7%
47%

13%

15%

Jan

96%

New York Stock Exchange
Phone

St. Louis Stock Exchange

CEntral 7600

Chicago Board of Trade

Chicago Stook Exch.

Bell Teletype SL

5

7%

Jun

Apr

47%

Jun

13% May

15 %

Jun

Apr

43

Feb

40%

197

'64%

2.579

51%

Feb

64%

55

12

Jan

16 %

Jun

55

3

Feb

41%- 42%

64%

60%

—1

St. Louis Stock

Jun

15%, 16 Va

Co

475

39 %

41%

I—II0

3

3

Coal & Navigation

Lehigh Valley RR_
National

Power

9%

9%

9%

402

8%

Jan

Last

5%

6y8

651

4%

Jan

———

6%

*

5%

6Va

346

5%

Apr

6% Mar

Pennroad Corp

5

5%

2,993

4'%

Jan

5%

III

Pennsylvania RR

_50

5

■

29%

165

*

Philadelphia Electric Co common-

19%

Si

.100

preference common—
preferred— 1
;—
Phila Elec Pow 8% pfd

19 %

Philco

Corporation

-

^

25

29%
17

IZZ3

—

—

20

17 ;

•

18% May

25%

Feb

Emerson

118 3,4

Feb

Falstaff Brewing

Jan

,30%

Brew

53/1

5%

29 %

Jun

34%

Feb

15%

Apr

17%

Jun

Jan

35%

Jun

Hydraulic

111

16

Jan

20

Mar

27%

Jan

30%

Jun

10

8%

Feb

10% Mar

15
625

International Shoe

Co

Reading
2nd

Salt
Scott

....

1

17%
30%

8%

8%

39%

#

.

—

Mining

53%

............

■

Jan

43

Feb

Landis

53%

Jun

60 %

Jan

McQuay-Norris

preferred...—

%

%

ItV

1.580

1%

1%

1%

545

1%

1%

1%

552

1

Gas

34%

33%

34%

—

*

Improvement—.—

issued

Westmoreland

Coal

14%

18%

18%

19

25%

26

15

197

j

36%

79

Missouri Portland

19

Jan

Bearing Metals common..
National Candy
common.—__——

Jan
Jan

Rice-Stix

Scruggs-V-B
Scullin

104

May

12

Jan

16%

28

Feb

31% May

8%

185

9%

100

FOR WEEK ENDING

RANGE

Steel

STOCKS—

.

Range

Sale Price

;
Par

Abltibi

6%

Power

Power &

—

common.._

i.

.....

-

.100

JUNE

—^—

common

...

Aldermac

Steel

Algoma

Aluminum

Gold

27

Apr

36%

Jun

25

58

Jan

763A

Jun

3,400

10c

1,000

10c

May

14c

Feb

7,500

15c

Jan

21c

May

19c 20 %c

20c

»

/

...

10

•

IlOO

pfd

10 Vs

91%

98%

Gold

Mines—

...

.

;

—

90c

5%c

—1

5%c

24C

1

Quebec Mines

Jan

1.09 May

17c

May

25 %c May

35c

Bagamac

16c 25 %c

'467,110

...

1

of

Toronto

4,186

14 %c

16c

6,600

17C

17c

18c

4,700

^

4%c
8%c

class

234

—50
*

Beattie Gold Mines Ltd

"

—-

IZZi

Exploration & Radium

1

Bell Telephone of Canada

Berens River Mines

Jan

—

—

1.40
1.95

Biltmore

Blue

23c

Feb

24c

May

May

157

Jan

May

236

Mar

3,500

14%

14%

150

1.33

1.47

160,950

1.80

2.00

42,380

29%

95

21%

100

155

154

156

179

75C

75c

500

M

9%

9%

25

36 %c

33c

38c

129,400

«

common

Apr

Jan

148

8%

8%

«

Hats

Ribbon

1.04 May
4.15

230

29%

_i

Apr

7

21%

7

—

Jun

25

29%

5

Kirkland Gold

Jun

Jan

xi%c Jan
12c

25 %c

12

21%

.100

Bertram & Sons
Ridgood

9c

Jan

40

*

A

3.20

May

234

■s

Beatty Bros.: class

58c

232

148 149%

11c ll%c

#

A_—_—

28c

Apr

40

•

•

.100

preferred
Metals Mining.—
Power

80,600

14 %C

Montreal

of

Barkers Bread

Bear

78

3.85

1

Bank

Base

3.80

—1

Mines

Bankfield Cons Mines

Bathurst

77
3.70

1

Mines

Bank

18 %c

May

'

Gold

Apr

6.75 Mar

*

Aumaque Gold Mines
Aunor

Jan

70c

10%cMay

3,500
500

Jan

55c
i

50,950
11,500

40C

Jan

99%

Jan

5.75 May

3,300

29
12c

39c

——

96

260

19
V"

10%
99

Jan

58%c Feb

5,900

lie

1

88

140

65C
6.00

80c

1

—1

Ashley Gold Mining—.
Astoria

99%

60c

1,79 Mar

Jan

8% Mar

275

6.00

Mines.

1.10

485

90

v—«

■

Armistice

May

500

1.45

Ltd.—

Gold

14c

7%c Jan

9%c

'

Mines

Area

Arjon

2 Va

10c

Anglo Canadian Oil
Anglo Huronian Ltd

Aquarius

Apr

3,825

1.32

common-

common

5%

1,125

35

73

2%

Jan

9%c

„•

.

Canada

2%

73

'

■

—

of

Co.

■

•

Corp

Ltd

Aluminium

/•

3%

1

Consolidated—

Copper

High

Low

High

30%

1'

*

A3 ax Oil & Gas————
Pacific

iJanuary 1

7'

8%

150

7

5

38%

Jun

10c

Jan

13%

Feb

36c

Jan

1.70 Mar

44%

Feo

13%c May
16 % Mar

1.47

2.45

Jun

550

5

7%

Jun

70

13

Apr

16%

Jan

50

12

Feb

23

31

Apr

Feb

21%

Jun

151
60c

Apr
May

9 % May

30c

8%
7
43 Va

Jan

Jan

157
1.00

Jan

10

Feb

67c

Jan

16%

17%

607

16% May

18

Apr

18

16 3/4

18

633

16

18

Jun

14%

14

15

405

123/4 May

15

15

15

5

15
32

125
c

43

43

15%

15%

310

21

203/4

21

200

10%

~xa

33%

Jan

Mar

50

45

45

5

8 %c

4,900

6%c Mar

10 %c

Jan

24c

25c

3,700

20c

Feb

28 %c

Apr

12%

12 Va

12%

3,780

11%

Jan

12 %c Mar

26

26

38

25%

Apr

26

23%

24%

6,090

21%

Apr

24% Mar

Bralome

Mines,

•

Ltd

Cordage preferred

—25

Brazilian Traction Light & Pwr com—*

For

footnotes

see

page

2555.




24

%

Feb

Jun

21

Jun

12

Mar

31

Jan

35

Ma*

Range

Low
8

22

*

21%

Linen

1st

14,925

3,000

4.70

1,910

6c

6%c

—

common

—

Cable

Bakeries

Canadian

class

5

Feb

110

Jun

_•

of

;

1

;

preferred

...

New

Canadian

Celanese

Dredge

common

Oils

Canadian

May

22

45%

98

152
10%
34%

95%
135
8
44%

*

__

20

133

Jan

99

Mar

9
771

145

Jan

153

Mar

35%

316

12% Mar
35%

60

Jun

67% Mar

5

May

5% Mar

95%
135

20
24

Feb

96

Jun

128

Apr

136

Mar

8,635

5

Jan

91

40%

Jan
Jan
Jan

24

12

Jan

14%

8

Apr

120

35%

Jan

39%

Jun

15

78

44

58

65

490
615

Gold Mines

*

60c

60c

72c

*

18%

18%

.100

138

140

Castle Trethewey Mines

1,525
25
145

11%
1.61

95c

Feb

215

39%

Mar

1,120

10%
1.61
91c

Jun

28

5%

11%

Jun

Jan

18 %

25
1
1

97/8

Mar

Mar

24%

58%

Ry_.

45

11 Va

8%

57

Quartz Mining

8% Mar

22%

5%

*

Jun

20

216

280

18 %

Jan
Jan

5%

425
40
515
630

*

9%
31%

65 %
-

45

38%

__

90

8%

39%

Feb

30

8

9%

Jun

46% May

43

14%

Jun

Jan

11%'11%
23
23
14% 14%
9
9%
26 %
27

•
25

8%

152
ll3/8

60

5%

Jan

Feb

Jan
Mar

43%

16%

common

Pacific

115

18

58

...

Gold

May

125
230

5%

Locomotive

Canadian Malartic

103

20
45%

*

Industrial Alcohol

Cariboo

—

53/s

110

•

Food Products

Preferred

_.

5

3,500

115

A

& Dock Co

Canadian

Canadian

11 Va

110
8%

*

preferred

Canadian

25c

6%
112

112

6%

Feb
May

2.24 Mar

7%

*

Canadian Car & Foundry common

May

26

97

__

•

common

common

18c

Jun

20

• •

•

Breweries

Canners

1.70

9%

110

100
100

Commerce

Preferred

Canadian

24% May

100

*

A—

common

....

Bank

8% May

5%

50

—

Preferred

Canadian

Jun

1,635

20c

*

&

Jan

4%c Jun

5%

Mortgage
100
Steamship Lines common.
•
Wire

9%
17%

19c

•

4.90 Jun

Jan

20c

..

Jan

8%c Feb

Jan

5%
8

Co

93c

3c

80
4,700
4,800

*

1.40 May

15%

1.80

100

Jun

24% Jan

5%c Mar

1.70

...

—

,

165
1,000

v

25%

—100

Foundry class A

Canadian

Jan

1.75

__

26

2,500

17%
3%c

.

3.55

8"%
25%

Canada Permanent

Canada

17

3%c

4%c Apr

*

...

———:

Malting

'

8%

17%

•

Oils, Ltd

Preferred

Mar

77c

5%c

preferred—*

Edmonton Corp Ltd

Canada Packers

Canada

70c

75c

1

;

—

Preferred

Canada

Jan

4.50

•

19% May

Feb

22% Jan

Jan

69c

5%c

High
8

Jan
Mar

93,725

—

•

Mines

Canada Cement common

Canada

110

"■

76c

*

A

1.22

4.65

Steel

Class

22

1.15

?.

•

1

Burlington

Canada Bread

21%

1.20

•

Mines

Gold

7%

710

*

Calmont

5

1,525

Extension Mines

Calgary &

Low

v

8

8

26

•

Gold

Range Since January I

High

22%

Products Ltd

Caldwell

Shares

of Prices

22

Corp

Buffalo Canadian

Building

1Sales
for Week

Week's

Friday

Bunker Hill

Canadian

8%C

15%

Jun

24 V*

Oil..

Ankerite

Feb

45

Brantford

Oil

Buffalo

Mar

25c

Jan

Mar

10

26

Broulan Porcupine Mines. Ltd
Brown

9

8 %c

Mines

Mar

22%

class A

Power

Dominion

British

10

1

_

Gold

British Columbia

Jun

1

Preferred

Mar

44

V

17

;

135

34

33%

17

Jan

•

Packers

May

Bobjo Mines Ltd

6

Jun

Jun

11

200

15%
.—5

Apr

15

common.._*

Oil.—

Columbia

Canadian

Bonetal

Jun

23

173/a

21

Conv preferred

Jan

Apr

23

...i...5

American

1st

15

Apr

7%

Sale Price

British

Jan

21 Va

Jun

May

16

British

Range si

Shares

9%

6%

Jun

15%

10%

common

Distillers

Brewers &

IIIi

Acme Gas and Oil Co

Alberta

Low

*

IlOO

preferred
preferred

7%

of Prices

,

23

Last

Sales

5

39

7

STOCKS—

for Week

5%

38

Jan

15

Par

Week's

340

38

8% Jun

Jan
Jan

7

,.25

!"

Last

'

6%
353/4

Ills

common—

Toronto Stock Exchange
Friday

7

Jun

MARKETS

LISTED

CANADIAN

Inc

Feb

105

4

30

5%

Dry Goods common—_—

Wagner Electric

27% May

22% Feb

common

National

Jun

15

Jun

Jun

..10

....

Cement

13%

50

38

Supply common

Piping &

Jun

2%

Jun

14%

50

Midwest

1% Mar

Jan

1

4.256
;

2

Jan

..20

com—

common

Jan

Jan

31% Apr

195

1%

14%

__

...20

—

1%

:

.

—10

IncJ—

Westmoreland

1%

.13%

—...—.I——

%

11%

9

"

common.—

Jun

1 ya Mar

<1

preferred

When

55%

1

United Corp common.

Machine

38%

Jun

31%

9%

«

common..——

73

'

—25

—

Steel

Laclede

207

41%

*

Tonopah

$3

17%

29%

;'"''.'"ZZ

common—.

—

Transit Invest Corp

United

17%

-50

————————

Oil Corp.———

Paper
Oil

Sun

common.—.,

preferred

Dome

5%

8%
.100

common—

Key Co common..—
Laclede-Christy Clay Prod

Apr

16%

*

..50

Jun

5%

31%

common...

Brick pfd

Pressed

433/4

16%

Hussmann-Ligonier common...—...

25 y8

820

Jun

3

104% 104 %

1

common
Brew

Jun

50

• ■

Jan

40

115

13

High

;

Apr

2% Mar

212

123/4

46%

140

.100

Electric preferred

Griesedieck-West

...

35%

43%

...5

common.—.

127

30%
17 Va

Jan

3

160

—10

Co—

Century
Columbia

-

35%

Electric

Feb

Jan

23%

160

3

43%

common—

22

116%

30

50

v:

c

Shoe

Brown

166

1.197
r.

Jan

161% May

3,104

118 y8 118 Va

'/

-25

—...

Wire—

Insulated

Philadelphia

25

24 y4

—*

4.4%

1,277

50

..50
preferred—
3
Bank Building Equipt com.——

High

5%

Inv

American

Low

Low

Par

30% May

Jan

26

29%
165 y2

28%

.50

Manufacturing—.™;,

Salt

Penna

Range since January 1

Shares

of Prices

7% Mar

lio

& Light

Sales
for Week

Range

Sale Price

10% May

6 V8

—

Exchange

Week's

Friday

3% Mar
STocKs-

Lehigh

693

New York Curb Exchange Associate

Jun

Mar

78%

567

6%

—

——

Engine

88%

15%

•

Apr

1% Mar

1871

North 4th St., St. Louis 2,

300

Jun

8%

7%

'

:

Edward D. Jones & Co.

Jan

23%

8

96%

*

9% Mar

91/a

Jun

8%

Light (tvd)„, --13%

Battery—

Brothers

Jacobs

"

May

5% Mar

-

Feb

6 3/4

Jan

7

1%

21% Mar

■

Motors—i—;

Gimbel

ILlLX JH.

90c

Jan

1%

161 % May

23%

—;——

Delaware Power &
Electric Storage

■U-ilWI

5% Mar

Feb

May

4%

83/4

...

...—....

Jan

156

20%

47%

common..

65c

100

1

c

High
16%

Jan

673

50

5

Co

Apr
Jun

7

-

Assoolate Member Chicago Mercantile Exchange

Chrysler Corp

Jun

114%

200

5%

1

4%

120

1%
1%

Jan

Jan

l3/a

85c

85c

Jun

Feb

50c

95

60

112% 114%
5%
5%

*

IZ.i

Feb
May

100

1.237

1%

1

1%

Jan

17% Mar
104

,8%

8

f

v

4%

Jan

101

19

9

-10
*"

103

17%

16

17%

IIoo

Springs.——

t

v

Range since January 1

20%

Baldwin Locomotive

Jan

St. Louis Listed and Unlisted Securities

High

15%
16 %
158% 161%

15%
159%

Tel & Tel

American

Shares

of Prices

Par

33/4

for Week

Range

Sale Price

'■"■■v

V 220

Alloys Steel——.....——*

Vanadium

Sales

Week's

Last

4

•

—1

Steel

Philadelphia Slock Exchange
stocks—

...

—

States Glass common—:—

Common

Westinghouse

Friday

May

4

t>

Bros

Standard

182

4,199

Jun

16

—:

Shamrock Oil & Gas common-

Mar

1,380

a48

15%

20

Feb

*>

13%
.

11%

a 40%

..10

50

Apr

50% May

Reymer &

alOO al03%

Westinghouse Elec & Mfg Co—

43 y8

Apr

1% Mar

1 Vb May

500

1%

-

50

54%

Jan

14%

—1

Pittsburgh

-

16 %

210

7-25

24% May

Jun

1% Mar

271

16

Corp..—...
Brewing common—.—.
Pittsburgh Plate Glass.——.
Pitts Screw & Bolt Corp—...
Renner Co ———I—.,—

Apr

26%

5% Mar

16

Fireproofing

22%

175

w ^

55%

.—5

Inc—
Telegraph Co——

Pictures,

108 Va May

570

15% Mar

20

19%

-10

28 Vs

Jan

1% May

100

Juir

9%

Jan

.—5

—

Gas

Star

33/4 Mar

19%

Mountain Fuel Supply...

26%

-

•

Lone

Feb

108 Va May

273/8 Mar

Jun

3%

698

;

ls/8

1%

7%
13

132

4%

4%

Ill 1

3

363

15

Apr
Feb

24%

20

9%

8%

High

Low

33/a

14%

15

_•

„io

Duquesne Brewing ——
Fort
Pitt Brewing——
Harbison Walker
Refrac..

28 Vs

\\

■t

—

Company.—-—^

United States Steel Corp———

78 %

Feb

—z*

Oil

26%

...5

—

78 Va

184
165

9%

.—

Koppers Co pfd

Aircraft Corp—

United

'

'•

15%

15%

'

United

a48

a34% a35%

<«.*•*'

IZio

Range since January 1

210

27

3%
•

Co

Continental
Devonian

a48

1

Shares

High

25%

27

common^..

Columbia Gas &

Feb

..25

Co

Gas

(AM) common.—

Byers

Jun

—;

Nat

Low

*

Steel-——

Ludlum

Allegheny

Jun

-25

*

Western Union

105

for Week

of Prices

27% Mar

IIZi

...i——-

Carbide & Carbon

Warner Bros

13%

Jan

a57%a57%

Company-—

Rubber

Feb

22 y4

a34

«

Corp —
Union Pacific Railroad Company.
United Air Lines Transport-

S

12

395

a57%

a30%

«

Inc.—

(The)—
Texas Gulf Sulphur Co
Tide Water Associated Oil Co

U

349

a30% a30%
a33%a34%

Texas Corp

Union

Jun

13%

26-26'/a

13

26

Sale Price

STOCKS—

Sales

Range

Last

Apr

„25

(N J)

Swift

88%

13%

—

Co

Oil

Webster

&

Stone

88 % Mar

Week's

Friday

High

261

-25

Inc

Standard Oil Co

Standard

High

Low

„

Brands

Standard

Low

a93.Vs a95%

—

Sears, Roebuck 6s Co_—.—
-*
Socony-Vacuum Oil Co—
Southern
Railway Co..————

Range Since January 1

Shares

of Prices

Par

Pittsburgh Stock Exchange

for Week

Range

Last

STOCKS—

Sales

Week's

Friday
Sale Price

JUNE 16

.

5,446
100
3,000

5 Va

27
60c

18 Va

Jun

Mar

58%

Jun

J an

6 %

Jan

Jan
Mar

18% May
133

10%

Feb

Jan

1.50 May
90c

Mar

Apr

65

Jun

80c

Jan

21%
140

Jan
Jun

12%

Feb

1.90

Jan

1.15

Feb

Volume 159

Number 4291

THE COMMERCIAL & FINANCIAL CHRONICLE

CANADIAN
RANGE

Friday

Range
of Prices

Patricia

Gold

Low

1

Mines

Central Porcupine Mines
Chemical Research Corp

16

Friday

Shares

Par
Central

JUNE

for Week

Sale Price

*

MARKETS

FOR WEEK ENDING

Sales

Week's

Last

STOCKS—

LISTED

2553

1.80

High

1.75

Low

2,205

14c

17c

17,500

__

25Vic

27c

1,900

1.26

—1

1.80

1.18

1.26

5,400

ltic,

—1

Week's

Last

Range Since January 1

1.62

Feb

1.92

8%c Jan

21c

Jan

Par

Chromium

Mining & Smelting

Cochenour

Wilians

Cockshutt

Coin

Plow

Gold

*

12%

•

Mar

48c

Frontenac

High

8%

8%

4,030

7%

Feb

21%

21

21%

2,462

19%

Jan

8

8%

323

6%

Apr

8'A

Jan

106'%

common

«

Rights

1——1

—

Nest Pass

Corp

common

Preferred

Davles

100

,

Petroleum

Dominion Coal
Dominion

Fabrics

1st

Dominion

class

pfd

50

Chemical

Preferred

Preferred

Jan

43%

Jun

Mining

134%

Jan

Mid-Continental

2.00

May

1.40

1,770

4c

4c

8,000

1

37c

35c

40c

55,510 ■"

I

30c

26c

30c

41,200

•

25c

21c26%c

44,825

Mines

Gold

Mines

9%
Oil

&

24

20

21

May

24

Jun

50

34

Mar

37

Apr

5%

221

5

Feb

Jun

Muirheads

46

16

42

Jan

.

.

5,950

13c

60c

1,900

Jun

12C

85c

Jun

5%
46

Mar

28
160

6

155

Jan

13

20

13

Jun

Jan

13%

.

270

33% Mar

42

708

[

25

29%

May

163

Jan
Mar

Apr
Jun

53 %

12

51%

Jan

53 %

971

21%

Apr

25% May

7%,

Crest

9%

1,655

41c

45c

30,300

19%c Jan

1.90

3,300

57c

46c

57c

87,700

1.75 May
36c Mar

57c

20%

22

952

18%

Apr

22 »A

Feb

53%

54

340

45%

*

Apr

54'/a

Jun

2Va

2%

1,000

1.65

Feb

2'A

Jun

54

*

common

•

176

25

160

Jan

1.44

1.41

1.50

44,200

59 %c

Jan

2.30

2.15

2.30

2,080

1.89

Jan

•

55%

54 %

55%

1,730

48'A

Jan

56%

8c

2,000

4'Ac Jan

ll'/ac

Feb

13c

4,100

4%c Jan

17c

Apr

Jun

87c

Jan

Apr

69c

Jun

Normetal

•

65c

64c

65c

4,500

62'Ac
45c

561

Mines

Mining

Corp

Canada

Mines

Ltd

Jan

5%

Feb

Northern

Jan

3%

20%

Jun

24c

9,600

9c

Jan

3,500

7c

May

2%

of

Class

15

3.75

4.30

5,950

26

—

4%

79%

(,

Mining———_1

26

-

Jun

32c

*

79%
6%c

3"'A

3%

24%

25

Foundation Co

24%

—_*

—

•

50c

Mines—

24%

15%

——

—

Gold

Jun

May

16%

O'Brien

Gold

3

13,400

'

Mines

100

Ontario

Loan

Orange

&

Jan

88

Jan

7%c Mar

Crush

Power

5% %

*

common—

5% preferred—

9%

——100

preferred

Pamour

Refining

Cadillac

25% Mar

Peoples

Jun

Perron

67c

May

Gold

Malartic

Credit
Gold

General Steel Wares.—-

14%

1

6.60

Ltd——

Mines

Eagle

Golden

vtc

8%c

5c

8%c 13%c

Lime

&

Swayze

Hallnor

Mines

l%c

105

105

6%c

6%

115

122

6c

7c

8,000

St

San

28c

7%

Mines...;

Bank

Mar

4c

Mar

122

of

Sladen

Waite

Jason

Mining

Co

Mar

Standard

300

B—
.

31c

II,200

30%

1,435

31C

30%c
30

?

162

163

16% May
12 % Jan

May

3.05

Jun

26c
Apr
26% Mar

15

13'/a

13%

7,585

1114

11V2

7%

7'%

...•

of

Gold

Kirkland

Hudson
Lake

Mines

Mines

Bay Mines..

1

1

1

Mining & Exploration

Lamaque Gold Mines

..1

*'■

3.70 Mar
33c

■"30%

985

10%

Jan

150

6

J an

54 %c

4,600

Cadillac Gold

1,055

15

Jan

120

99

May

102 103%

355

32

29%

20%

20%
,

32

97% May
28

6,049

...

Mines, Ltd

Gardens

preferred
Maple Leaf Milling Co common

87c

22%

—,

footnotes

see

page 2555.




4c

Jan

40c

Jun

5c

5c

2,300

2'Ac

615

16

20

Jan

l%c Jan
14

Jan

7%c
4c

16

9.30

1.90

9.80

60c

'70c

1,500

30c

Apr

80c

93c95%c

60c

13,025

90c

Jan

1.17

1.85

8.75 May

7,360

11,750

1.74

188,190

18y2

10

2,768

1.51 May
Jan

80c

14y8

Jan

18 %

6.10

938

16

1,130

i

10c

10c

12c

18,000

6V2c Jan

15c

15

14 %

15

280

13%.- Jan

15

3c

3y2c

21,000

1.08

1.15

5,325

1.01

.

1.05

8,625

25%

25 y2

550

23%

23%

5.70
14

•

~

3.65

1,645

1

2.30

2.25

2.40 '

1

1,82

1.75

1.82

Qd

3.60

3.70

10,315

____*

2%c

l%c

2%c

35,500

9,549

9

*

5%
15%
6%c

'

9

23
113

Feb

Apr

79c

38

Feb

Feb

Jan
Mar

Jun

113

200

105%

Jan

60c

73c

143,200

42c

Apr

73c

55%c

58c

10,400

53c

Apr

77c

__

21%

21'%

25

1.49

1.30

1.49

21,100

25

25

3%

4

1,360

2%

Jan

4%

Apr

13 V4- 13'A

50

10%

Jan

13'A

Jun

4

7V4
•

<•

65

64

8
65

—

3.15

3.15

Jun
Jun

Jan

20%' Jan

23

Mar

65c

1.49

Jun

19

200

Jan
Feb

5'Ac Jan

252

25

Jun

8%c May

61

Jan

65

Feb

68%

16,925

Jan

74

Jun

2.04

135

Jan

2.05 Mar

2.71 May
3.20 Jun

—

5V8c

6c

4,000

1

1.60

1.57

1.65

II,905

1.60

Jan

1.84

Apr

Gold Mines. Ltd

Sylvanite

I

2.^5 4

2.20

2.30

I,520

1.96

Apr

2.47

Jan

Tamblvn Ltd

common

Oil

Canadian

Tailors

Top
;

4%

Jan

7% Mar

3.50

__

...1

16

395

3.35

3.55

6,666

3.20

Apr

3.85

Jan

1.25

100

1.05

Feb

1.25

Jun

9

—

1
—5.

15%
1.25

—*

—

...

common

9

10

8%

Jan

90c

15

Apr

16

11

Apr

Jan

90c

700

88c

*

28

26

28

310

24

Jun

30

100

100

99

100

29

85

Jan

100

Co

1

__

23

23

1,200

15c

Mar

28c

Transcontinental Resources

May

—•

48c

54c

7,000

40c

Mar

54c

Apr

—...——

General

common

Trusts

...

Co

Exploration

Towagmac

United Corp

May

Jan

11% Mar
9'%

1

Class
United

*

class A

*

B

'

Fuel

Class

class

A

8
—

May

1.15

50

—

Jan

Apr

7%

8

2,040

6%

Jan

8'A

Feb

26%

10

24%

Apr

27'%

Jan

14

14 V2

200

12

Jan

16

Feb

Jan

38

35

36

413

25

5%

5%

5%

4%c

5%c

32%

25

5Viae

1,500

—
—

Jan

26%

—*

B

Oils

United

54c

14V'2

—

5

4'Ac

Feb

Feb

5% May

Jun

7c

Jan

5

Apr

6

625

15

15'A

15

6y4c

7c

6,000

"5jan

*

4%

4

4%

1,775

Upper Canada Mines Ltd

1

—

2.45

2.54

10,350

6.45

16

Jun

Ventures, Ltd.

*

9.95

8 825

6.00

Jan

9.95

Jun

Vermilata

1

8%c

9.15
8%c

9.95

Jan

9'Ac

6,700

8%c

Jun

19c

Jan

*
•

5.10

4.80

5.10

9,245

4.50

Jan

5.30 May

;

——*

21

-—

1

6%c
1.27

Oils

—

Apr

May
Jan
Jan

Waite-Amulet

Walker-Gooderham

1.24

Jan

Western

Canada

Jun

Western

Steel

24%

Apr

Westons

Ltd

.3 .40

2.12

May
Jan

l%cMar
,7«

5%
13

Worts

Flour

3.95
2.55

v,

Apr
Feb

4%c Apr

Feb
Jan
A

,U

3.95 May
3c
Jan

—

] r\

Tn0y,

7

15% May
9%c May

—

Electric common

Jan

Preferred

■Roti

Knitting

83
—

"

16%
106 %

1

He

58

59'A

21

21%

940

26%c26%c

1,500

83

84

665

57%
■

Feb

20'A May
23c

2.55 May

94'% Mar

105

75 "' ' Jan

13

13

5

11% Mar

17

1,225

106 106%

10

12c

9,700

Mines

Mills

common

Mar

21% May
26%c Jun

16'A

1,0'/2c

63

Apr

13'% May

15

Jan

17

Jun

104h*

Feb

107

Mar

4c

Jan

•

6

6

6V'8

585

5%

Jun

65

64 %

65

245

60%

Jan

100

Wrlahi-Harereaves

York

—

100

Preferred

Jan

r-*

58

100

Wiltsey-Coghlan Mines
Winnipeg

com

preferred—100

Products
common—

Preferred

Jan

<Jd.U

3.35

&

Preferred

Wendigo Gold Mines

25%

1 hi

Ltd..^.

Mines,

21%0'Feb

..

3% Mar
1.96

Mar

122(4 Jan

—

20

5'%

10

Apr

8%

Mines

Cons

J)'90ci3 Jan

16,838

3.60

Jun

May

Jw 1.033 Apr

240

3.50

3.60

Jan

12

8.75

53

72c

_*

Union Gas Co

Jun

5.75

._

25

400

2.900

Jun

15%

1.03

50

23

112

112%

38

.*

Sullivan

Jan

1.74

6.10

25%

Feb

38

Sudbury Basin Mines
Sudbury Contact Mines

Jan

May

2.05

15%

__

May

9

,

Jan

8c
1.08

United Steel

2.00

1.28

16%

1.15

Mar

Jan

16

Feb

4%c

65c

Jan

50c

67c

■;

Feb

50

9.90

74

May

6Vic

6,965

3.95

65c

2.70

24c

Apr

May

73

Toronto Elevators

Jan

90c

2.54

Toronto

23c

1,000
1,300

74

Jan

7,300

5c

90c

2.70

Jun

30c

5c

*

Toburn

Jun

Mar

13% May
2%c Jan

25

23

3c

34
34C

Jan
Feb

15

>56%c

*

—

30c

5c

60

Mines

Tip

1,000

3,000

14

Jan

20

21

20

common..

Preferred

Steep Rock Iron

Jun

2,600

28,000

40c

Apr

3.50

9

—*

103%

16c

40%

5c
•

13

9.50

..

—•

...—

Canada

Apr

16

9.80

Radio
of

Co

Jun

2%c

95%c:

Steel

35
39c

Jan

Feb

1

—

Teck-Hughes Gold Mines

3%c

66c

.

A

Texas

27c

16

Standard

3c

25

10,475

90c

5c

*

—

14
3.65

14

1

common

Apr

14c

30c

__

2,000

14
3.40

May

1

Jun

Jun

3.55

40c

Mines..

103

32

__

1

!

Paving

19%

1.70

___i

May
May

3%c

__

♦

Preferred

For

4c

Preferred

20c

1

Fields

Manitoba & Eastern Mines....

Maralgo Mines

Jun

—

4,580

18%

1

MacLeod-Cocxshutt Gold Mines
Madsen Red Lake Gold Mines

Leaf

29%

49c

25

Co

5,908

i

Maple

Jan

Chemical

30c

1

•

Jan

12% Mar
'i 8%

3

Mines

B

Gold

Apr

14%

(N)

20%

20c

l

1
Leitch Gold Mines. Ltd
l
Little Long Lac Gold Mines Ltd..•
Loblaw Groceterias class A—
•

Malartic

Feb

22

169% Mar

*

Laura Secord Candy
LebeL Oro Mines....

Macassa

y2

Jan

Jan

"J-

_____*

Lang & Sons

Class

Apr

103

—

—_l
_»

78c

Jan

12%

102

-

1

.

l

—

Lake Dufault Mines Ltd
Lake Shore Mines, Ltd

Lapa

75c

161

21%

...

1

Gold

Canada

Kirkland

Labrador

75c
!s
>.

1

1

Mines.,

Kerr-Addison

*

_

Consolidated

Kelvinator

19%

Mines

3,500

•

class

Mines

Jellicoe
M

Can

Petroleum

Utilities

945

Mines..—

Malartic

11c

100

Mines

Jacola

J

of

29%

—100

Gold

16%

*

_

Co

Feb

29

29%;?

1

Preferred

Siscoe

11c

100

:
—...

21%

50c

—:

16%

10

May

142'%

preferred—--..*

—

Slater

1
A

common

Preferred

International

B

Standard

5,810

35c

12%c May

Jun

_*

Springer Sturgeon

100

Inspiration Min & Devel

Nickel

Class

Mar

31% Mar
'

Apr
Jan

class A———

Simpsons Ltd

Feb

3,110

6c

Feb

7c

19

10

——1

Feb

11

16,500

Jun

28

134%

—.50

Gold

Jun

3.30

39c

4c

25

4,000
15

1

Dairies

75c

.—.1 —

Canada

International Metals

Jun

Fherritt-Gordon

38c

3.10

30

9c

681

._1

Jan

13c

30

8%c

Jan

138

...

Jan

10 >/s

Feb

64c

19%

Shawkey Gold Mining
Sheep Creek Gold Mines

Apr

9

__

8%C

—*

Jun

11

Jan

1.25

19

common

41c

—

Jack

Scythes & Co

5%

,

2.80 Mar

9,50

35c

Senator Rouyn, Ltd

1.29

Jan

Jan

8.25 May

137

Shawinigan Water & Power

33c

3.20

2.32

19

A

1,000

—

International

Jun

6

Feb

15%

Jun

37c

common

Corp

Jun

10%c Feb

Jan

9'/a

138

Antonio Gold Mines Ltd

Jun

4%

Jan

1.09

Jan

*

Lawrence

47,600

Imperial Oil
* P13%
Imperial Tobacco of Canada ordinary_5 -i 11%
Inglis (John) Co
6 r

International

Jun

Apr
May

9%c Mar

Jan

4%
83c

7%

Mar

1

Mines—

45c

• c

350

-

Gold

35c

5

L

-

10,980

9.00

May

6%

:—...100

Anthony

45c

'1.

2.59

9.00

6
89c

Jan

Apr

105

Industries

33c

Mining & Smelting—30%

preferred

Russell

45c

,

2.42

-

34c

*

__

1

*

Canada

1

;■

12,100
I,326

—-—1

Royalite Oil Co__

—1

Mines

—

9%

common..

Merger^Gold Mines

Royal Bank of

Jun

6c

•■I

A

Rouyn

12%

May

100

155

.1

110

94c

8

2,500

47

Apr

2c

II,850

6%

91c'

4%c

St.

Jan

5

154

5

6%

94c

9'/a

4%c

Apr

7%

5%c Mar

1,812

88c

Feb

6%

4

Sigma Mines

120

Feb

1.64

4%c

Silverwoods

83c

1.73

Jun

__1

Mines—

(P L)

Jan

4%

Jun

1.05

1

Gold

Jun

—

Feb

1.15

7,600

Jan

6%

84c

2.47

6,000

1.20

ll%c

3.85

120%

3,300

1.24

6,700

Jun

—100

2.08 May

2.35

1.05

26c

Jan

Dauch Paper Co

Imperial

Jan

Mar

24

.

Jun

25c

Mar

5% May

Jan

Jan
Jan

2.40

1.15

*

—

1

Roche Long Lac—-

6%

Apr

17c

4%
1.15

Jan

,1.20

Co..

Robertson

%c Jan

105

Jan

Mar

1.84

25c

2.90

——*

2.20

Jun

83c

•

2%c

—

Mines

2.35

4%

8,750

14,135

Quemont Mining

535

3%c

100

97c
2.40

'Jan

4,080

2%c

4Va

92c

2.10

Feb

43c

Jan

75c

96,500

3%c

4%
92c
2.32

10c

28c

7,200

3.00

1

7,200

90c

5 Vic

5%

36c

Jan

7%c Jan

86c

6%c

5

34c

4 Vac Mar

Jun

90c

4c

'

35c

7c

Mar

3%o Jan

1

Reno

24

Mar

2

3,495

....—_.—1

—

Gold

Gold

7%

7%

2,066
29,500

1

B C

Mines

Jan

•

Feb

11

10,500

Jan

8c

7c

Queenston Gold Mines

2.90

Mines

Hudson Bay

36

5

21%c25%c

1.45

9

1.15 Mar

*

6%c

—

Gold

Oil——.

Howey

40

Dome

Jun

Jan

310

East

Jan

Jan

5%

6,000

Preston

4c

Hollinger Consolidated Gold Mines.
Home

19%

46

Mar

4,055

Proprietary Mines

10c

May
3% May

25

6c

99

1.23

6c

1

56%

3% May

81

12%

1.07

Jun

7%c

.

—

95

20

7%

46

Jan

93

Jan

Jan

6%c Feb

22%

5%c

Highwood-Scarcee Oils.—..—11c
Hinde &

100

12%

Jan

68c

35

6c

*

2.90

common

Mines

Hasaga

4'%

3c

14,750

97

1

——

—-.1

Mines—

Carpet

Harricana

315

7%

—

Theatres

Gold

308

22%

—

Hamilton

Harker

1,500

4

22%

4%

Bridge—..—.—5%

Rock

8V2C

4
22

__

—_1

Mar

5c

Feb

5%c

*

7c

15c

Jan

7.'Ac

3,000

5,500

86c

1

Corp

1

Gold

Preferred

2%c Jan

7%c Mar
84%

105

Mines

Harding

Jun

52% Mar

Hamilton

Hard

27c

60

25c

:

Jan

10

—1

Alabastine

15c

95

—

*

Ltd

Apr

Jan

1.18

1.20

*

L

Mines

Premier Gold Mining Co
Metals

Pressed

Jan

109 % Mar

3'Ac

6%

May

54

—100

Mines

8c

95

—

Mines—■— 1

12 %c Mar

23C

54

—

50
—....

Jan

—

*

'

Jun

80c

30

1

Rouyn Gold
Voting trust

Power

Apr

53c

7%

1

Mines

Powell

May

May

—

-*

common

2%c

Feb

3%c Feb

138,500

2%c

__

__

Saddlery

5c

9% Mar

16 %c

7,300

13c

—

Wire

Halliwell

2,900
5,300

•

Apr

1.99 Mar

12,000

5c

...*

—

11%

16,500

4c

21

5c

__

—i

Gold

Gypsum

8%C

25c

,1—.—50

Guaranty Trust

Halcrow

160

24c

—

Wihksne Gold

Gunnar

Jun

8%

20,575

24c

common—*

%.

Preferred

Greening

Jun

7.00

3%c

—<*
"
'Common-

Grull

14%

7.00

7%c
,

—

1

common———

preferred

Great West

Jun

14%

6.15

,

19V2C

—

,j

Preferred

May

95

1

Mining—

Grandoro Mines
Lakes

91

21c

_.—

Mining

Preferred

Vtc

Jan

93

1

Mines—,

Goodyear Tire & Rubber

Gr

84

50

245

1

Gate

Goodfish

10

95

*

Goldale Mine
Gold

9%
88%

14

•

1—.

Giant Yellowknife Gold Mines—

Gillies Lake-Porcupine Gold——1
Glenora Gold Mines
———1
God's Lake

9

88

94%

•

Securities

Gold

Mar

3 Vac

80c

Mines—__1

Gold

Mines

Pickle-Crow

1.95
70c

May

105

Feb

May

7%

__

•

Porcupine Mines Ltd

Pandora

16 %

94%

—

—100

_

10

Apr

3.00

Jan

40c

25%o

106% 106%

__

•

Pacific Oil &

Pioneer Gold Mines of
Gatineau

1,300

7,480

Mar

1.71 May
2.80 Feb

97

Pacalta Gils

Paymaster Cons Mines Ltd

_

45c
33c

180

Jan

1.37

42c

Page Hersey Tubes

Partanen

Feb

58,295

*

Feb

Apr

1.90

1.20

30c

106%

preferred

Jan

Jan

1.73

__

31c

50

Debenture..

4

24 y8

420

1

25

15%

1,500

•

Gold Mines

Mav

33c

49c

2%

1,90

1

Oils common

Omega

23% Apr

100

52c

49c

5%

May
4%c Jan

48c

2%

May

34

Jan

75

2,553

—

May

26

I,070

25

4.30

3% May

3,700

3%

A

22

Apr

Jan

23% Mar

20

6c

2.12

27

460

«<.*

class

....

3.10

May

12%c Jan

Jan

48c

2%

Jun

3

19% May

2,900

78

6c

1.66

45

34

4%

>

—---J—.—*

Canada

B

Francoeur

22

33%

Aircraft
Co

22

34

—100

Ford

14,500

4%

Kirkland

Fleet

2.10

1

Preferred

Federal

2.00

__

North Star Oil
common——

8%e

11

Jan

5

8c

107

Feb
Feb

15%

1

Mines

12 %c

Apr

Mar

Noranda

Negus

13c

104

12
20

Nipissing Mines

1

23c

—

176

Jan

May

2 8'A

.

13'A May

1

8%c

*

(Canadian)

875

Norgold Mines

4%

common———*

Grain

15%

Jun

May

2.15

Apr

Nordon Oil

23c

Fanny Farmer Candy Shops

Feb

18

9'A
59c

Jan

27%

Jan

780

Famous Players

Federal

fi'/a

10

40

Jun

4%

4.30

415

18

Jun

2,689

•

„

100

11%

8%

10

__

'

27%

15%

....

27%
18

27%

Trust

Jan

10%

__

—20
—*

Pipe A

11%

3

*

__

11%

20%

English Electric class A.——
Falconbridge Nickel Mines—

20%

6

Apr

107

2.08

May
May

Jan

2%

i

30c

27c

Feb

17%

Eastern Malartiq Mines

Apr

Jan

Mar

7c

15c

7%

106

—

55c

9%

3

—•

Jun

1,050
.

>. 18

Oil-

Jan

35c

1.84

Okalta
East

Jan

5%c

I,406

11%

Jan

1.56

Jan

' 1,599

8%
11%

lO'A

61

1.34 May

3%c

92c

*

.National Steel Car
National

Mar

1

——

Sewer

Feb
Jun

7c

1.88

common

Co Ltd

Preferred
National

May

55% Mar

7

10%
.

National Grocers

Mar

Jan

May

»

Jun

18C

39

Cafeterias

8

5c

High

9'A
22

*

Gas

36

65c

r

——1

Co

1.35

4c

,

Mercury Mills

Jan

128

25%

--

•

1.38

Gold

Mining Corp
Moneta Porcupine
Montreal Light Heat & Power
Moore Corp common

4>%

-

Graham

1.15 May

55

9,925

*

Duquesne

McWatters

531/2

—

——20

———

McVittie

Feb

875

1

102

4,500

59%

Lake

Jun

24%

107/b

_100

Rights

Jan

5%o

58 %

Mines——!

Lake

5%c

59

Mines

Red

38 y2

1,543

133

1.51

1.70

15V2

1.35 May

—

Woollens & Worsteds com—*

Dominion

43%
..

Red

Geld

14%

25

common—1*

——

20

13

8%

•

*

&

Tar

1,600

15

160

—

25

Stores

Dominion

.1.35

26%

—

25

B

McMarmac

13c

Dominion Foundries & Steel com——*

Dominion Steel

McKenzie
McLellan

Jan

46

—

100

preferred

Jun

Jun

1.42

38'A

*

Bank

Dominion

13
35c

5%

-r-

•

Ltd-.—-

Mines

Dome

Jan
Jan

1.15 May

50

5%C

5

36

*

Distillers Corp—Seagrams common.

11%
15 %c

Lo IT

105% 106 %

—

Exploration——*

23%

—

——50

,

Segura

255

60c

—

—*

—

.

..—

Mclntyre Porcupine Mines

100

133

24

Coai

McDougall

Jan

36,258

1.35

—

Imperial Mills..

Crow's

1.65 Mar

13

43

1.45

lDO

2.08

Jun

32c

15

—

1

——

'

Preferred

Feb

1.15

1.35

43 '%

100

Conwest Exploration

1.26 Mar
1.57

1.72

30c

__

5

Mining & Smelting

Gas (Toronto)

Consumers

10

47,749

Jun

1.15

1.35

*

1.40
1.70

12Va

__

Bakeries

Consolidated

1.40
1.57

.

30 Vic

—5

—$

Mines

Consolidated

Dairy

1.66

:————1

Mines

Coniaurum

Cosmos

1.40

1

Co

Lake

Coniagas

—*

Mines—

1.18

Range since January X

Low

8%

__

Chesterville Larder Lake Gold Mines—1

Shares

«

common

Preferred

McColl

for Week

of Prices

20

Massey-Harris

May

Sales

Range

Sale Price

High

Jan

17c

STOCKS-—

20c

May

7% Mar

69'%

Apr

95

Mar

90

90

55

*

3.30

3.10

3.30

II,015

2.95

Jan

3.50

Jan

*

8%

8'A

8'%

630

6%

Jan

8'%

Jun

29'A

30

—

86

May

«—

Uchi Gold Mines

6s

—

$2,705

29

Jun

33

Feb

LISTED MARKETS

CANADIAN

JUNE 1G

FOR WEEK ENDING

RANGE

Monday, June 19, 1944

CHRONICLE

COMMERCIAL & FINANCIAL

THE

2554

Exchange-Curb Section

Toronto Stock

n

-

Canadian Funds
Range

Last

Preferred

common

81

-1
——100

—

22%

Jun

Apr

10

Jan

2%

1.95

2%

3,070

6%

6

6%

8,663

1.50

1.50

9

2714

28

975

'
—*

Bridge Co
& Gas—

Oil

Foothills

Products

Hayes Steel

14

Southmount Investment

19

1914

250

15%

Apr

17%

17%

55

17%

Jun

3%c

Walkerville Brewery

—

3%c
45

5

1,500

20c

20c

1.53

2,400

22

22

200

25c

May

8c

Preferred

Mar

lie

Mar

3%

Jan

—

Electric

Winnipeg

1.72 Feb

Apr

-J

Cotton

Wabasso

Jun

Apr

53

Jan

16

Jan

17

15

Feb

17

Jun

100

11

Jan

14

Apr

Jun •

11

Feb

Feb

65

Jan

14
65

72%

73

834

165

9%

83/4

375

63

125

69

12

,r

__
.

.....

.

__100

Apr
Jun

Jan

10%

50

Jan

53

25

10%
53

JUn

45

17

Mar

18%

Jan

521

6

May

7%

Mar

'

143

62

Jan

69%

Apr

21%

100

18%

Feb

22

Apr

17%

173/4
'

/„ '

6%

'

,

"

65

65

__

'21%

:t\l'

1*

common

5%

Feb

43A

.

175

10%
53

6

Feb

Jun

12.

Jan

37/a

500

73

Jan

10%

6

43/a

4%

6%

i

common

——

Ltd

Zellers

46%

13% May

175

14

__„_*•■
43/a
'____—*
—
*
53
:
_• ■%

common.—

Jan

386

—

wusiis Ltd.

Jan

May

1.85

100

;.'3%'

3%

49c

20c

500

8c

8c

8c

1
*

47

Jan

1.31

1.45

1.51

Jun

15c

Biscuit

Viau

Mar

45

—

Jan

15%

550

12;

i.

Feb

3%

Apr

14%

64%:

,;

Feb

2% Mar

325

52%

,16%

17
U* :

8%
23

Jan

13

825

,14

14%

*

*
_25

Steel Corp—

United

51%

21

Feb

14

7% Mar

300

2%

137/a

"

—

.

May

1

—

of Canada com——*
Power ——;

Jan

12

23

.

983/4 May

93

31
525

8

22%

* 13%

50
100
—*

Canada common

of

Co.

Tooke Brothers

Mar

5c

3%c Feb

4,000

45

45

———

——

Jun

17%

i

Mining—_

Temiskaming

Jun

19

1

:——...

common

Canada

Preferred

Jun

17%

Metals

Mines &

Oreille

14%

1914

—t-——.1

Osisko Lake Mines—.

Jun

13

Steel

Feb

1.45

1.05 May

285

Mar

29

Jan

•;
22 %

243/4 Mar

-101

12%

Jun

7% Mai

Jun""
Jan

19

98%

12%
8

14 3/4

Jan

53/4

1,670

23

98%

23/4

Paper preferred

Sons

&

H

Simon

Southern

360

22%

__

11%

2,375

6%

common—

preferred

A

Lawrence

Sherwin-Williams

6% Mar
1.50 May

24%

1,200

—_————*
preferred———100

Silknit

Mar

Jan

514

1.15

—

Class
St.

14%

6%

12%

25

——

Corp

Lawrence

Shawinigan Water & Power

1.50 May

14%

s

2%

1.80 May

13

Selections—

Ontario

8%

140

1.10

;-*-l

;

& Paper

Lake St. John Power

;

1.15

International Paper commoni—

Pend

Apr

1.50

Dominion

St

Jun

"
-1

28

1.95 May

28%

Corp—
—"
Steel Construction common—-*

——

Preferred

Apr

22

9

Paper

Regent Knitting Mills common

300

221/4

Vinegars

Apr

276

36%

9

Consolidated

May

82

37% May

22

Canadian Marconi

Jun

1.40

35

Co

Sugar

16

80

20

1.300

9

.

Dominion

Canada

Oil

81
1.80

22

Preferred
Canada

Disher

14% May

100

Quebec Power

14%

23

100
*
__*

preferred

5%

High

Low

1.75

—

_

Co

Brown

Range since January 1

Shares

16

16

16

Paper com—_

Pulp &

Columbia

Power

High

Low

Par

British

for Week

of Prices

Sale Price

STOCKS—

Sales

Range since January 1

Shares

of Prices

14%
6%

1
•
_*•

Development
Corp of Canada—:
Price Bros & Co Ltd common

Placer

Week's

Friday

for Week

Range

Sale Price

High

Low

High

Low

Last
Par

Sales

Week's

Friday

STOCKS—

Banks-— '<>-•

Commerce

Montreal

Scotia

Nova

Montreal Stock Exchange

^

Royal

3

133

Jan

136

May

133

133

27

130

May

135 /

"Jan

148

149

149

147% May

230

230

10

230;;:. Jun

138

139

91

135

'

135

100
100
100
.100
—100

Canadienne

148

138

135

Jan

155

/240

Jan

142

'

Jan

Mar

Canadian Funds

Friday
Last

V

Sale Price

STOCKS—

preferred

6%%

Algoma Steel com
Aluminium Ltd

of Can pfd

Aluminum Co

90
99

21

Asbestos Corp ———

*
•
100
•
—*

Breweries —
Bathurst Power & Paper class A
Bell Telephone Co of Canada
Brazilian Traction Lt & Pwr
Brit Col Power Corp A—

Associated

Class B——

Bulolo

Preferred
Canada

Northern Power

common

Bronze

Ltd common
Canadian Car & Foundry common
Canners

7%

Prefererd

Rights

9%
27

39%

Canadian

Investment—

12%

Cockshutt Plow
Consolidated Mining &

43
30

6

Smelting

—*
-*
Distillers Seagrams common—
*
Dominion Bridge
•
Dominion Dairies common——j.-*
5% Preferred
———--35
Glass

Consumers
Crown

24

com

8%
11%

Preferred

—

Corp

Gatineau Power

preferred

100

5%

Preferred

——

14%
—

Rubber pfd {1927)—50
Lime & Alabastine
•

7%

:—*

5%

Bridge

Hamilton

,

Hollinger Gold Mines—

—5

Smith

*
100

Howard

common

Paper

Preferred
Bay

Hudson

•
common—5

Imperial Oil Ltd
Imperial Tobacco of Can
Preferred

18%
110%
30%

*

Mining

13 %
11%

— £ 1
common—*
100
Bronze common
*
25
Nickel of Canada com—*

International
Preferred

International
International Paper common—
Preferred

23%

International

Ltd.*

Lang,

Secord

(C W)
Massey-Harris
Lindsay

common

S—

-•

—

preferred
Montreal Lt Ht & Pr Cons—

Montreal

Cottons

Montreal

Telegraph

Co

Murphy Paint
Preferred

Car Corp
Weaving

Noranda Mines Ltd

.

Preferred

Ottawa

Steel Products common—
L

Penmans

For

H

Ltd

&

Power

common

common

footnotes see paere 2555.




8%

20%
36%

14%
102 %
35.%

15%
22

•
•

55%

•

26%

100
*
100
*

-

12%

Jun

12

Jun
Jan

9

8%

640

7%

Jan

11'A

200

93/4

Apr

12%

Feb
Jun

Jun

81/4

205

31%

Jan

35 %

9,510

51%

Jan

83/4

35

83/4

8

Jan

45

Mar

32%

Jan

35

Jun

25

ll3/a

Jun

11%

Jun

8

Apr

10

Feb

25

Jan

28

Feb

Jan

39%

Apr

1,047

44%

34 J/2

41

195

433%

35
11 %

490

93A

9

261%

475

27
391/2

39

22%

5%
64%

121/2

160

433/4

545

Apr
Jun

Cosmo

Jan

12 %

Feb

Cub

Jan

433/4

Jun

380

273/4

Jan

30

May

33%

225

293/4

Feb

34

May

39%

582

33%

Feb

413/4 Mar

Donnacona

27%

28

511

23%

Jan

2 8 3/4 Mar

Fairchild

5%

7

4,545

17%

2,010

24-v

20

22

Apr

116

Feb

2,155

7

Apr

••

,

Jun

24

Apr

625

10

243/4
125

7

Jun

25% May
120

May

8%

7%

8%

103/4

103/4

120

9

Jan

11

10%

11%

4,626

8

Jan

Jan

11%

May
Jun

107

107

50

104

Apr

107

Jun

71

435

68

Apr

74

Feb

160

25

155

Feb

160

Jun

8%

8 3/4

Jun

8

May

93/4

Jan

20

110

22%

6% May

1,585

83/4

Jan

22%

Jun

16
9

Aircraft

Ltd—

Grain

3%

Apr

16%

Jun

Jan

9%

Jan

Noordqyn

Jan

85

125

90

11% Mar

90

Jun

2,825
206

108%

Jan

53 5/8

47

53%

Jun

54%

Jan

6%

2,480

Apr

•

5%

1,205

5

May

Jan

23

145% May

156

40

1673/a

Jun

174

1,575

2 3/4,

1.85

Jan

6%

:

180

v:\

7

Jan

5

3

4

125

15c

100

2%

3

125

16c

16c

Jun

,4

Jun
Feb

67% Mar

20c

Mar

2%

Feb

3%

Jan
Jan

30c

Jun

Jan

11

Jun

5%

Jun

Apr

Jan

29%

Apr

Jan

Apr

24

5

Jan

Mar

24

(

1.00

60c

100

6%

Jan

22

50

28

,53

10

9,881
60c

Jan

15c

6

28

Jan

lOc

38

60c

Jan

2% Mai-

20

52

; Jan

473/4

140

55

7

40

50

53/4

Jan

23/4 Mar

4% May

-15c

32% >:323/4

606

28%

4%

150

3%

Jan

33% Jun
5% Feb

100

11%

Jan

20

4%

20

20

8%

9%

-

v..

7 Vs

3,352

Jun

9% Mar

Apr

Feb

3%

2% May

2%

175

80

80

100

80

Jun

80

Jun

3%

3%

650

3

May

4

Jan

24% ,.25%

1,007

y23/8.._

25c

25c

24%

2,523

-3%

-3%

30

•.

:

Apr.
Feb

45c

Mar

Jan

26

May

Jan

4

Jan

Feb

33

Jun

,20

37/a
20

677

33

20c

20c

V

'

Jun

23%

110

F--—.

25%

25c

18

24

|

17c

45

,

35c

May

Jan

Feb

18%

17%

18

194

16 %

Jan

24

24

15

24

Apr

24

1,695

18

Jan

21% Mar

21%

.21

Apr

143/4

15

15

13%

Feb

15%

21

213/4

1,355

193/4

Jan

22% May

8%

8%

160

7%

Jan

8% Mar

54

?J43/4

54

20

46%

21%
|,8%
-a;■—

4

4

99

258

13%

95

f 95
'4

105

5

%

'25

C

23

,

Apr
Feb

5%
100

Jan

May

Jan
Feb

22%

Jan

95

Feb

5

Mar

5%

104%

Jan

12

92%

230

105

•

91%

Jun

53

Jan
Jan

4

25

98

—

#

17c

Jan

106 Vz May

Mar

30c

10%

1,375

10

Jun

12%

Jan

May

6,715

13%

Jan

18%

Jun

23c

9,584

3%

3%

300

14

14

25

Apr

15

Feb

3

3

75

2%

Jan

3

Mar

3%

Corporations class "B"_^
United Distillers of Canada, Ltd.

Paving

Standard

23c

h

■■

18%

10%

205

151

r.23c

8

17%

Jun

lioo

5%
10

Jun

Jan

11%

c

7%

6% Mar

18%

Preferred

Jun

8

May

13%

Jun

14%
110%

Jan

15

51

;-|4•%,;»

f

Jan

90

6

# 25.
S—

Ltd——._•_—*

Jun

225

55

Apr

14%
110%

Aviation

99

385

Power

8 3/8

46% May

98

53/4,

i—
f,—

Maple Leaf Milling

Jan

18 %

1.95

|33/s

1

Jan

22 %

43%

25

1673/8,167%.

& Paper—18
Loblaw Groceterias class B_——__*
|—
MacLaren Power & Paper Co_——__*
jel'/a
John

St

37% May

20

620

11% '>11%..

,.32%

.

1.95 May

Apr
May

18

«

Corp Ltd.—_•_____*
Fraser Companies, Limited^
__*
Hydro-Electric Secur Corp.....
__*
International Utilities class A———*

1.55

,

98
.

<

Ltd——5
X
*
»

Class B

,

L_

Foreign Power Sec

Lake

.

31

97

45

preferred
Fleet Aircraft Ltd
—,—
Ford Motor of Canada Ltd A
Fed

143/4

■

1,214

45

.

358

133/4

1.80

1.80

—*

930

89

Jun

213/4

—

Paper Co

610

110

3,502

26%

1.24

■,

9%

Mar

26 %_

Jan

24%

-

16%

4

Jua

23

Corp

91/8

Jan

Apr

223/4

36%
22 Vz

—.2.50
4-*..

153/4

4

8%

Mar

151

<"A" preferred—*
Massey-Harris Co Ltd 5% pfd——100
Melchers Distilleries Ltd pfd——
10
Moore. Corporation
Ltd

30

May

__

Dominion Engineering

33%

4% Mar

7
20

35%

98
18

4% Mar

Jan

13

410

22

Ltd*—_———*
Works Ltd——*
Dominion Oilcloth & Linoleum—*
*
Dominion Woollens common
___._*
Preferred
1—20

2 3/4

May

223/4

y.*_

,

Imperial Mills Ltd „...—y

Aircraft

\\

74

Jan

36% May
-75

8%

1.80

—

Consolidated Paper Corp Ltd

38

30

2234;
26%

—

Preferred

Jun

190

Jan

73.•

—

6%

Apr

60

22%

pfd___100
1673%
Canadian Marconi Co
;—
1 , 2$» >
Canadian Power & Paper Inv 5% pfd_* »
6%.
Canadian Vickers Ltd common
*
7% preferred
L
100
55
Canadian Westinghouse Co Ltd
* ..
Celtic Knitting Co Ltd
*
•
$-Claude Neon General Advert
.•>
*
f—
Commercial Alcohols Ltd common
*
Consolidated Div Sec class A
—*
!,_-

64%

27

'6

Industries Ltd 7%

Canadian

34%

,39

_:

1,940

7%

}

...

Jan

123/4 Mar

common

Preferred

Feb

11% Jan

y

3%

Apr

1,370

__

V.

.1
—,.100
Canada & Dominion Sugar Co
•
Canada Malting Co Ltd
—*
Canada Northern Power 7% pfd—100
Canadian Dredge & Dock Co Ltd—*.*
Canadian General Investments Ltd—_*
Co

Brown

,

31

.

..

class B—*
Distillers of Vancouver——5
British American Oil Co Ltd
*
British Columbia Packers Ltd
•
Brewers &

2%

2%
35

2%

33

Bathurst Power & Paper

10%

8,500

12%'

Jan

5%

3,116

43

Jun

100
100

preferred
7% preferred

6%

Range since January 1
High
Low

Shares

High

Low

2%

& Paper common

for Week

,

of Prices

Par

Abltibl Power

27

450

11 J/2

Feb

125%

243/4

50

341/2;

5%

Jan

24

Jan*
Mar

123

80

w

147

141% May„

30

34J%58

36

12

93

1251%

103/4

-

372

145

145

33/4

490

1,75

Jan

37/s Mar

-58

583/4

180

573/4

Feb

4%

4%

52

4%

Jun

•

—

United

Brewery

I'. '.

Limited.

110% 110%

20

106% Mar

110%

Jun

Waikerville

30

383/4

365

26% Mar

303/4

Jun

Walker-Gooderham & Worts com.

13%

133/s

2,248

12 3/4

Apr

14s/8

Jan

Windsor

11%

11%

530

10%

Jan

12

7%

Jun

.

3%
13

3%

Jun

Jun

Mar

Feb

3

6

6

85

23%

23%

200

100

99

6

Jun

21

Mar

24

Jan
Jun

96

Mar

100

12

Jan

14

Jan

25% May

133/4

10

243/4

125

22

29%

32

2,795

28

Jan

Jun

Apr

32

14%

Apr

19

%

Jun

76

Jan

89 %

Jun

193/4

Apr

223/4

Jan

18

19%

4,967

89%

89%

10

201%

20 3/4

6,345

25 3/8

370

20

Jan

11

106

Mar

113

Mar

35

10

Mar

12

May

495

23

Jan

26

Feb

16

Feb

243/4

25%

109
12
26

.

450

13

Jan

273/4

Feb

153/8

153/4

15

15

25

8

8

3

8

Apr

8%

8%

83/4

3,445

8

Feb

9%

Jan

8

8%

915

Apr

8%

Jan

23%
130

—_25
•

Ogilvie Flour Mills common
Ontario

8%

100
•

common

Steel

8

—_*

common.,

Preferred

Niagara Wire

15

*
—100
*
40

—*

Breweries

15%

3
*
*
*

McColl-Frontenac Oil
Mitchell J

26

——*
;

400

12 J/4

12

*

Candy

103% May

75

114

12

109

.-_*

Ltd John A

& Sons

Laura

National

20%

-100

Public Service Ltd
common

Lake of the Woods

National

31%
191/4

__•

Preferred
Jamaica

Jun

Jun

24%

—100
*

common

Power

8

114

13%

15

—

International Petroleum Co

Jan

__

Industrial Acceptance Corp
Preferred

Jan

6%

53%

Goodyear Tire &
Gypsum.

15%

4

16%
9%
90

•
100

General Steel Wares common

20 3/8 May

500

8

4

—

Jun

173/4

2,855

22%

of

Co

8% Mar

Jan

15%

83/4

8

'■—4
Canada——__—*
common
•

Class B

Foundation

Jan

8

_„

.—,—*

class A

English Electric

3%

20

20

160

———100
"
1

Jan

24

Jan

8

50
486

Feb

70

—

—.—

Dryden Paper
Electrolux

8%

173/4

Feb

24%

1.85 May

17 J/4

24%

__

.

Dominion Textile common

23/4

525

259

Apr

Range

Last

Feb

156

19% May

125

_______100
Dominion Steel & Coal B———4-25
Dominion Stores Ltd
——*
Dominion Tar & Chemical common—•
Preferred ■_!
100
Glass

Dominion

16 3/4 Mar

*

Foundries & Steel———

Dominion

23 %

350

30

33%
38
27%
7

& Seal Co

Cork

Jan
Jan

21%

23

Ind Alcohol

Canadian

21%
133/8

151% Mar
213/4 Jan

125 >/2

—*
34%
common——•
5%
Locomotive
"
64%
Pacific Railway
25 -r 11%

Canadian

10
735

11%

——*
preferred
100

Cottons
Foreign

Canadian
Canadian

22%

3,866

11

—100

——

_—

-

18% May

24%

111

8
44%

•

96% Jan

Sales

Week's

Friday
Sale Price

STOCKS—

Jan

100

80

881

14%

35

Preferred
.————25
Canadian Celanese common
——*

Jan

156

7%

—

New

98%

8%

12'A

*
_*
*

Preferred
Canadian

Jan

21

Canada

Canadian

88

,

74%

23%

20
8
114

Steamship common
•
5%
preferred
50
Canadian Breweries common———*

Jan

23

153

—

——100
*

Foundries new

Iron

Canadian

10%

21

23

17%

—*
1°0

Canada Cement common

Jan

99%

20%

-*

Products class -A—*——*
Gold Dredging
— -5

Building

Jan

410

98%

2%

'

:—.

—:

Mills——_

Silk

Bruck

Canadian Funds

Jun

9

2

91

14

Montreal Curb Market

Jun

1,715

10%

90

14%
156
24

X

11%
80

80

10

10%

51/4

1,995

11%

Jan

Range sine* January
High
LOW

Shares

High

80

•

for Week

Range

6%

11

*
—-100
*
—*
—100

—*

Ltd common

Glove Works

Sales

.

of Prices
Low

Par

Acme

Week's

24

a

595
13

132

17,841

13%

6%
47

126%

Jan

Jan

Jan

132

May

183/4

Apr

22%

35

Jan

37

May

13%

Feb

15

Mar

22%
36%

143/4

143/4

180

102% 102%

10

102

May

35

353/4

567

33

43

43

15%

15%

21

22

19

36

Jun

43

2,365

13%

Jan

15%

195

15%

Jan

22

26

26%

161

83/4
52

68
295

48 %

Jan

23%

Feb

161
13 %

56%

Jan
Mar

Apr

»

4%.

-.

Mines—
20c

20c
Aldermac Copper
Bear

Corp Ltd

Bouscadillac Gold Mines
Bralorne
Brazil

&

6c

Jan

9c

Jan

4c

Jan

11c

Feb
Jun

8c

1,000

12

Diamond M Corp..

12%

550

11%

Jan

12%

3%C

3%c

2,000

3%c

Jun

3%c

6%c

63/4c

1,500

6%c

Jun

9%c

Jan

Jan

8c

Mar

8c

Jan

12c

—1

lie

2.05

2.05

200

1.75

lie

Springer

Sturgeon———!

Towagmac
Ventures

Waite

—

Ltd—*_——
Exploration Co Ltd—

Cons

Mines

1

Ltd

Amulet

Mines Ltd

—

_T—-

6C

38c

Jan

3c

Jan

14c

50c

500

10c

17,900

2.00

600

18

18

15

15%

58%

58%

10

56 % May

55 e

1,000

1.38
7c

4.20

4.20

300

95c

500

2.18

2.20

500

62c

h- 95c

•
-

73c

79,715

1.40

1,400

1.40

i'1.64

-

90c

2.00
42c
■_

1.40

1.60

10c

Jan

Jan

Apr
Feb

4.20 Jun

1.06

May
Mar

Jun

1.95

3.40 Jan

95c

.

i-4.20;

Jan

55c

Jan

500

Jun

59%

Jun

2,100

Jan

18

Feb

8c

8c"

■'

55c

<

2.00 Jun

1.55 May

i;85

1.65

Jan

Jun
May

67c

-'7c

55C

Jun

2.08

Apr

1.95

>%c'

Joliet-Quebec

Sullivan

•)

49 %c

_____.—

Mines Ltd
Labrador Mines
—
Lake Shore Mines Ltd
Mclntyre-Porcupine Mines Ltd
.
Moneta Porcupine Mines Ltd—
O'Brien Gold Mines Ltd——
Pandora Cadallic Gold Mines Ltd..
Pato Cons Gold Dredging
Perron Gold Mines Ltd
_r—Pickle Crow Gold Mines Ltd.—.
Siscoe
Gold Mines Ltdj.
—•

11c

1,500
1,000

2%c

53/4c

Mines Ltd—

Gold Mines Ltd

1.40 Jun

200

2,000

7%c

Century Mining Corp Ltd.*_—*—
East Malartic Mines' Limited
Francoeur

20%c Jun

Jan

1.10 May

1.45

Canadian Gold Mines.—_

Central Cadillac Gold

Jun

8V2C

Ltd.

Mines Ltd..—.—-——

Gold

Buffalo

4%

8%C

—-

Gold Mines Ltd

Beaufor

15c

800

63

1.45

Exploration

Jan

781

16

Jun

Jan

55%

15

102%

Jun

40% May

75

55

162% 162%

Apr

50

203/4

.

Jun

Apr

36

.

15

Hotel

158%

*
0

-~

Jan

2.25

Jan

73c

Jun

1.40

Jun

1.80

Jun
Jun

Feb

1.64

3,900

23%C

24c

600

9.35

9.35

100

6.90

Apr

9.35 May

4.90

5

500

4.55

Feb

5.00 May

1.17

4,100

1.16

Jun

1.17

1.16

3.25

920

3.05

Jun

3.65 Mar

3.15

■/1.60
"

,

V

'

,

16c

Jan

24c

Jun

.

26% Mar
Mar

Feb

170

Jan

16

Mar
Jan

9

425

7

Jan

9

52

40

49

Apr

52

Jun

Oils—

British
Home

Dominion Oil
Oil Co Ltd

.

•

')

—
—

Jun

Volume

Number 4291

159

THE COMMERCIAL &

FINANCIAL CHRONICLE

2555

OVER-THE-COUNTER MARKETS

Investing Companies
Par
Aeronautical Securities

1

X3.93

Par

7.64

Series

B-3

15.89
7%

Series

B-4

Series

K-l

16.15

Series

K-2—

Shares

—-2

1

15.02

Stand

Oil

,

Bankers Nat Investing—

1

Bond

Inv

America-.

of

Tr

S-2

12.76

14.05

Series

S-3

XlO.OO

11.02

Series

S-4

4.69

5.20

6.19

6.79

'94.77

96.70

40.28

41.10

Knickerbocker

105.42

17.87

19.22

x29.57

31.97

Loomis

Sayles Sec Fund —10

—1

15.59

17.08

—1

3.10

3.80

*

27.51

29.58

Mass

Investors

1

9.84

10.65

Mass

Investors

Manhattan Bond Fund IncCommon
.

Century Shares Trust
Chemical Fund

Securities com—100 2,590

Christiana
t

»—100

Preferred

Investment Trust—-—1

Consol

(Md)

42

4.

„

—

—

1

18.38

3.75
5.75

6.55

———25fl

1.70

1.40

D

Dividend SharesJ

Balanced Fund———-.1"
Stock Fund
—1

'■

23.09

X21.50

37%

Insurance

6.17

Corp.———*

X33.48

37.05

—1

5.51

5.94

23.52

General Investors Trust

Amer

Trust

Group Securities—

>• '

X6.84

Equipment.—

x9.41^

National Fire

59(4

National Liberty.——,

34%.

37 %

National Union Fire

9.25

"77%.

Pacific
Pacific

Fire Assn Of Phlla

10

58%

7.84

82%

6.76

Fireman's Fd of San Fran——10
Firemen's of Newark
..5

Franklin

jj

5

47%

57C

Fire

...

&

Corp,

Marine—

Republic

shares-

X6.70

7.37

Sovereign Investors
Spencer Trask Fund.—.

—-—

X6.70

7.37

X5.10

5.62

X6.01

6.61

shares.

Railroad

shares.—;—

ASerles

14(4

15%

62%

Providence-Washington

10

32%

35(4

86%

Reinsurance

2

12%

Republic

—10

4%
26%

28%

25%

Revere

10

21%

23%
66

6.22

X4.16

4.71:

X4.39

...

5.59

X4.31

shares

4.84

■i

shares.—

Utility

shares—

—

X4.45

——

Holding Corp—

50%

St Paul Fire & Marine new-12%

63

16%

18%

Seaboard Surety.

10

42%

41

43%

Security New Haven—.

10

33(4

Soringfield Fire & Marine

25

114(4

10

4.90

60%

Income

Foundation Fund

Common

Xno
10o

—

1.45
22.53

Incorporated Investors...—>—5
Independence Trust Shares
•
Institutional Securities Ltd—
Aviation Group

75%

79 y2

Travelers

27%

287/s

U S Fidelity & Guaranty Co__2 ;

35%

37%

26

28

U S Fire

.4

46%

49%

10

93%

98(4

U 8 Guarantee—

10

67

72

40%

43(4

Westchester

29(4

32%

20 '/a

2ti"/a

Fire

Alleghany Corp 3%s
1954
Gas Light 3s—.
1963
Blackstone Valley Gas & El—

6.86

3s

.

1974

3%s

Mengel

20.07

97c

1

A Blair

&

13.48

13.80

AFlrst

Boston

1

2%

Corp.——10

31%

1973

106 %

106%

1973

108%

108%

(New Hampshire)

series A

105%

Puget Sound Pow & Lt—
4 (4 s
.——1972

108(4

109%

102%

San

111

112

1959

108

99

—

Diego Gas & El 3%s„ 1970

South

99%

Carolina

&

Gas—

1959

100%

101

1972

109

Pow & Lt 3s„1974
Indiana Public Service

103%

104

Southern Colo

3%s„ 1968

104
103

103%

102%

103%

Sunray Oil 3%s——1959
Utah Power & Lt 3%S—.1968

107%

107%

Virginia Elec & Power 3s_—1974

104%

104%

States

(Minn)

Power

1974

——

Natural

—

Power

Penn Power

100%

100%

West

101

2%s„„1961

Gas

3%s

Elec

1973

2%s
Okla

Co

(Indiana)—

3%s series E
Public Service
3 %s

101%

101%

3(4s

18.45

Corporations

1.13

27.62

107%

Ask

100%

105%

National Container 5s

Northern

16.79

-1953

3s—1974

& Lt

3%s

Co

Northern

25.41

469

1979
Pow

New Jersey

1.75

Banking

xl.02

-1

7.35

3%s

4(4s

10.88

88c

—

Louisiana

16.50
;*

Wellington Fund

Group shares——
of America.—10

8.85

18.36

Shares A

108

Florida Power & Light 3%s_1974

25.47

22.63

6.72

Preferred Stock Fund

107

Power

24.70

—

105%
102%

Florida

Lt

&

debs

Public Service
105

101%

84c

8.09

Investment

—2.50

454

Panhandle Eastern Pipe Line—
2%s

1973

Pow

20.70

A

C

U S El Lt & Pwr

Fire

63%

Bid

103(4
104

1973

——

Central

75c

25c

2.59

: 9.93

Co

Investors Fund C—.

24.23

•

100

Ask

-

103(4
103

Atlanta

6.13

1

B—......

Union

2.30

shares-

Bank Group shares—
Insurance

Investment

1.59

35(4

10

Bid

,.1

Union Stock Fund B

44%
120

Recent Bond Issues

OIL Shares—

Series

6%

_8

2.48

2.44

ASeries B

36c

24c

1

Fire—

Standard Accident—

45.67

2.32

'/-ASeries A

Series
AHuron

(Texas)

(Paull

20%

15.94

42.50

—1

Trusteed Industry Shares
Union Bond Fund
series

(NY)

19%

""

Tobacco

Corp

79%

6.81

X14.97

_._l

,

^

American

Great

*

RR Equipment

Steel shares..

145

X4.18

.1

C—
D

Trustee Stand

4.19

X3.80

of Amer AA

ASeries

.

49(4

75%

Trustee Stand Invest Shs—

Petroleum

46%

10

11V2

Hartford Steamboiler Inspect.UO
Home
B

•

...

Mining shares

10

91

8%

3.77

1

Super Corp

102%

7%

Hartford

1

,

7.13

97%

5

—

3.43

State Street Investment Corp

Shares

6.49

86%

11.11

Selected Amer Shares
Selected Income

X6.48

5(4

—12.50
—25

94.62

5.71

X5.90

13%
22(4

5(4

—

23%

5

7.30

xlO.19

44%

12 Va

21(4

Preferred Accident———5

139

io

6.70

_2%

42%

River„

Phoenix

50

7%
174

Rutgers Fire Ins. conf.
preferred

2nd

X92.74

7.69

Merchandise shares.

61%

59

6(4

5

Indemnity Co

57%
46 %

56
164

10

Fire

—10

27(4

26
30%

Northern

—io

4(4

24%

5

31%

Federal

6%

4(4

2.50

39 %

North

5%

———10

36%

'

8%

24
27%

2

-

29%

Fidelity & Deposit of Md—.20

15.35

2

Casualty

Northeastern

6.10

•

Amsterdam

46(4

&

I

10

44%

&

1*

217/e

••

20

18

6.83

52c

4
—

(Detroit)—10

17

11.09

14.28

5

N Y
——

New Hampshire Fire—
New York Fire

575
-

Ins

New Brunswick...

82%

1

Fire

Mfrs

Employees Group
Employers Reinsurance

9.12

...10

New

7

.

&

Connecticut General Life—_10
Continental Casualty
5

10.27'

.10c

Inc

Fund,

6

20%

Globe

lOo

.

550

Fire

Globe

Quarterly Inc Shares

10.37

i

—.25

City of New York

9.19

———2Va
100

Camden

2.46

9.16

Price Shares-

15V*

56%

io

X2.80

X6.99

;

13%

25

—

Glens Falls Fire~

X8.33

Industrial Machinery

io

Surety—.

Gibraltar Fire

Republic Invest Fund—..

Investing

Reserve—..

Casualty

Boston

Scudder, Stevens & Clark

X5.19

National

Hanover

6.28

shares-

53%

8.35

—1

-

X5.71

Administered

50%

.—1

Fund

6.47

General bond shares

Low

(Geo)

8.40

Food shares—

Fully

Re-Insurance—.10

1

shares

Electrical

Fire

General Reinsurance

_,

X7.64

———

Monarch

2.90

T

X5.88

Building shares
Chemical

7.50

6.93

shares——

Aviation

Putnam

7.52

X6.30

Merch

2.18

Plymouth Fund Ino—
—

shares

Automobile

12%
15%

—1

Series 1956

v;'.:

-

shares———

Agricultural

17%

14%

Baltimore American
Bankers & Shippers

39%

*

12%

16

X6.14

1953

Series 1958

»

11.76

shares

Series 1955—

—1

11%

5

X7.12

—

—

Series

47%

Casualty—

2%

_

X5.54

c.

North Amer Bond Trust ctfs

4.62

General Capital

44%

.

Casualty_5

xlO.09

,

Railroad equipment..

North

7(4
68%

9.68

9.34

—

Steel

5.77

Massachusetts Bonding
Merchant Fire Assur—

X6.20

Oils

25.78

5.01

12%

Casualty—

10.49

X8.29

Railroad

~4.35

3.75

stock—

Metals

10.35

11%.

7(4
65

X8.36

equipment

Machinery

2.06

5.54

Maryland

X7.59

Chemical

20.62

xl.88

36%
7%

22%

X8.41

36%
X19.14

75

Jersey Insurance of N Y——_20
Knickerbocker
5

39%

71%

9.54

—

85%

20%

X8.80

Building supply
Electrical

—1•

X6.81

*

——

15(4

82%

io

American

13.87

XlO.70

13%

10

25

——

Alliance

Automobile

,

__10

Fire

Insur Co of North America

35%

Ask

Bid

Pmr

Homestead

50

American

7.90

:

33%

137%
,

American

7.66

12.87

—

33.53

Inc.
-8
Fixed Trust Shares A—
10
Foundation Trust Shares A—1
Fundamental Invest Inc——.2
Fundamental Trust Shares A—2

Inc

1

„io

Ask

129%
47%

American of Newark

5.20

7.14

10

10

American Equitable
American Fidelity &

7.83

6.97

Inc—■

stock

31.18

Trust Fund

Mutual

Bank

14.11

Industrial Fund,

Financial

First

Aviation

X13.14

Equitable Invest Corp (Mass) .8
Equity Corp $3 conv pfd—-—1
Fidelity Fund

7.12

Automobile

v

?;

3.70-

4.70

Agriculture

Life

Surety

Agricultural
American

series

Bell Teletype NY 1-953

American

1.45

8.26

X3.29

common

Bifc

Par

Aetna

1.32

7.64

—1

!

Insurance Companies

yy
Aetna Casual &
Aetna

3.85

series

New York Stocks

Howard—

Eaton &

shares

New England Fund

19.87

Diversified Trustee Shares—
C

12.42

Low priced bond seriesPreferred stock series

—-—1
—2.50

Fund

Delaware

11.74

Xll.36

Security Series—

Income

,

10.92

10

voting shares- .250

Bond

X4.99

23.89

Inc_

Exchange Place, New York 5, N. Y.

DIgby 4-4950

A

4.99

22.22

—1

Fund

Low priced stock

•;

2.83

Tel:

Securities—

series B

National

2.83

-*

Cumulative Trust Shares

2d

Fund

4.58

—I

«.

National Investors Corp

2.34

—1
—-—1

mod

(Colo)

,10c

Trust

Invest

Nation-Wlde

2.34

1

Series AA mod—

Mutual

5.29

2.54

Accumulative series

Series ACC

40

r~l
—-1

Corporate Trust Shares
Series AA
'

40

10.10

9.19

10c

„

•

'

144

;

4.87

—

Maryland Fund Inc

2,690

139

1

Commonwealth Invest..

27.38

Series

8

Ltd

Fund

Inv

Members New York Stock Exchange
Members New York Curb Exchange

19.40
22.21

5%

Fund—
Loomls Sayles Mut Fund

Ltd——

Fund

Bullock

Canadian

17.70
20.17
__

Shaskan & Co.

11.62

4%

—

101.20

Broad Street Invest Co Inc

23.02

24.93

„

____

——5

Inc

Fund

3%
4%
3.94

8
10

preferred—.

Industry Shares

31.98

10.59

Series S-l

ACommon

Basic

29.23

29.14

—

26%

Axe-Houghton Fund Inc

Boston

27.88

„

——

Series

24%

Ask

X20.99

;

B-2

4.08

10

xl4.65
6%

A6%

B-l—

Series

3.73

Foreign lnvesting_10c

American

Bid

Keystone Custodian Funds-

4.30

1

Holding Corp

American Business Shares

Assoc

For Quotations on Real Estate Bonds

Ask

7.03

—1%

Affiliated Fund Inc
AAmerex

Bid

102

York Corp.

3s—1974

104%

105

1958

104%

105%

4%s

3

.32%

Quotations For U. S. Treasury Notes
Figures after decimal point represent one or more 32ds of a point
Int. Rate
Bid
Ask
Maturity—
Int. Rate

Maturity—

Sep 15,

New York
;

City Banks & Trust Cos.

Par

Bank

Bid

of the Manhattan Co.—10

Bank of New York.-

100

%% %

Ask

23

Grace

24%

401

413

National

Mar 15,

i——_100

B,d
.

192%

100

102

107

Guaranty Trust
Irving Trust
Kings County Trust

Central Hanover Bank & Trust 20

105

108 %

Lawyers Trust.—_25

41 %

Manufactures Trust Co com__20

49%

Brooklyn Trust
Chase

National

52%

_10

—

—

Bank—__„15

39%

Chemical Bank & Trust———10
Commercial National Bank &
Trust

Co

Continental
Corn

&

Trust

52 V2
.

20
Bank

54%

i

;

-

21%
48 %

Empire Trust
First

National City Bank

12%

York Trust

New

United States Trust

93

100.4

100.5

1%%

100.26

100.27

10.90s Mar.

1%%

100.22

100.23

1%%

100.12

100.13

1945——
t%S May 1, 1945——,

100.9

100.10

100.10

100.11

%%

99.27

99.28

1946

tSept,

15,

1947—

JSept.

15,

1948-:

—

—

%

Ask

—

t%s Apr.

1945—.—_—

1,

bO.42? 0.36%
b0.60

0.57%

b0.66

0.64%

b0.73

0.71%

b0.78

0.76%

b0.79

0.77%

b0.80

0.78%

b0.79

1,

0.77%

52%
53 %

Obligations Of Governmental Agencies

38%
.'

97

39%

42%

9%

10%

100 1,400

%%

1

235

36%

—25

;

.

100.1

1%%

;

Bid

Certificates of Indebtedness—

100.6

100

t%S Aug. 1, 1944
—
t%s Sept. 1, 1944^—^—
t%s Oct. 1, 1944
—
*%s Dec. 1, 1944.
$%s Feb. 1, 1945

—

1945

15.

%

41

51 %

Public Nat'l Bank & Trust—17%
Title Guarantee & Trust
12

1,630

170

15%
1,555

(J P) & Co Inc—.-100 X225

50%

V 79

.100

—

14%

20

tDec

339

—100 1,050

22%
.

_lon 1,590

Bank—

Trust

—10

preferred—

Morgan

75

50

——

National

Fulton

I

49%

47%

10

Exchange Bank & Trust_20

Conv

54%

^

331

100

100.4

%%:

tDec. 15, 1945
tMar 15, 1946

v

38

Bankers Trust

'

Atik

1

1944
1945—

tMar 15,

Par

.

1944

tSept. 15,

1,445

180

Bid

Jl%%

Feb

Federal

0.85s

Home

June

Loan

15,

Bid

Ask

15, 1945

100.7

100.5

3s

Jan.

3s

0.75%

b0.90

—

May 1,

v.;y?:

1956-1946

103%

104

1956-1946—

104%

104}g

U S Conversion

.102%

1946

U S Conversion 3s

100%

102 (i

1955-1945

,V

Issuet

100%

100&

1964-1944

3%s

1,

100 &

1946-1944

4S

102%

Other

Federal Land Bank Bonds—
4s

102%

1955-1945—

3s

Bank—

1944

Ask

Federal Land Bank Bonds—

Commodity Credit Corp—

103%

104%

1947

Panama Canal 3s—

106%

106 %

1961

3s

132

133%

Reorganization Rails
(When,
Bonds-

Bid

as

and

Akron Canton & Youngstown—
4s

series

Akron
92

94

95

97

income

Conv
Denver

1994

&

Rio

4%s

2019

101%
68

103%
70

2018

62%

64%

1993

84

86

1st
Gen

St

mtge

Western
Inc

Paul & Saulte Ste

income

4%s

4s—

4%s

,5%

Bid

.1971

107

109

1991

73

75

&




Rio

v

107

109

t

Optional

Western
2014

Aug.

———

July 6. 1944

bO.37

0.32%

19

July 13, 1944—

b0.37

0.32%

44%

'-100

45%

July 20, 1944_
July 27, 1944

bO.37

0.32%

10 1944
17 1944
Aug. 24, 1944
Aug. 31. 1944—————
September 7, 1944

bO.37

0.32%

September 14, 1944——-

c__

—_

14%

22,

1944

29,

1944—

*No

31%
*

b0.37

0.28%

b0.37

Aug.
Aug.

0.30%

—

—-

—

Ask

0.33%
0.33 %

bO.37

0.34%

b0.37

0.34%

b0.375

0.35%

b0.375

0.35%

b0.325

0.35%

45%

1%

—

common
-

44%

13%

'

June

19%

M—

———

t c

Pacific

Preferred

18%

com—

—

v

1944____

18

—

Grande

3,

79

June

",$P|eferred
-Free

Treasury bills—

40%

Rock Island & Pacific—

preferred

Bid

b0.37
b0.37

Ask

77

—i—

—

Bills

tor discount at purchase

are

38%

_—*__—f

preferred

Common
5%

Rates quoted

Young^towhrtr

Minh St Paul & Sault Ste

M—.

Pacific—

mtge

yCpmmon

Denver

4%s,_

Minn

&

Ask

:

Grande-

1st 3-4s income

Income

Canton

Chicago

Chicago Rock Island & Pacific¬
—

Bid

■

A__—————1988

4%s series B———1988

ist 4s

United States Treasury

if; issued)
-stock,-

Ask

2

32%
70

Stockholders of McQuay-Norris Mfg. Co.
the 150,000 no par shares -of authorized
stock,
d Deferred delivery,
f Flat price,
k Removed to Stock Exchange,
r Canadian market,
s Cash sale—not included in range for year,
x Ex-dividend,
y Ex-rights,
fin default.
fThese bonds are subject to all Federal taxes.
AQuotfctlons not furnished by sponsor or issuer.
on

par

March

common

value,

28,

stock

1944,
to

a

Odd

lot

approved

450,000

sales,

an

shares

b Yield

amendment

of

$10

par

price,

c

changing
common

,

show an increase com¬

clearings this week will

Bank

Preliminary figures compiled by
advices from the chief cities
of the country, indicate that for the week ended Satur¬
day, June 17, clearings from all cities of the United
States from which it is possible to obtain weekly clear'ings will be 5.0% above those for the corresponding
'week last year.
Our preliminary total stands at $10,391,248,900, against $9,897,923,819 for the same week in
1943.
At this center tl$ere is an increase for the week
ended Friday of 9.3%.
Our comparative summary for
pared with a year ago.

based upon telegraphic

us,

the week follows:

BY

CLEARINGS—RETURNS

Complete and exact

In the

Chicago

Philadelphia
Boston

———

—

—

Olty

Kansas

——

-

Bt. Louis

Pittsburgh

——

—

—

Cleveland
Baltimore

+

163, 426,314

+

148, 300,000

+

210, 445,000
212, 437,567

+

14.6

4th

+

1.2

5th

+

1.6

6th

Atlanta

—

4.4

7th

St.

8.3

9th

5.5

10th

Minneapolis
Kansas City

1,731,874,817
$10,391,248,900

+

results

5.0

Total

follow:..

215,051,545

$204,160,900 $331,152,900

$1,308,410,100

8,672,500

11,756,700

45,791,500

915,500

316,550

3,132,200

Bonds

Railroad & misc.
bonds

Foreign govern't
bonds

; U. 8. government
bonds

1,273,700

months of 1941

^New York Stock Exchange for the five
'to 1944 is indicated in the following:

February

\

•

1st

Boston

2d J

New

3d

Philadelphia

4th

Cleveland

5th

Richmond
Atlanta

York

____

1943

1942

1941

7th

No. Shares

No. Shares

8th

Chicago
St. Louis

12,993,665
7,925,76 1
8,587,828

13.312,960
8,969,195
10,124,024

9th

Minneapolis

62,555,204

.

79,463,469

29,507,254

33,553,559
35,051,545

7,589.297

11,185,760
9,667,050

14 cities
14 "
17 "
——17 "
—- 8
"
16 "
A
31 "
- 7
"
16 " '
16 "

May

17,228,380

_____

7,229,097

The course of bank clearings at leading cities of the
^country for the month of May and the five months
ended with May in each of the last four years is shown
statement.

in the subjoined
BANK CLEARINGS

,

Month of May:—1942

1943

1944

(000.000

York. 21,105 22,893
1,923
2,001
Chicago __
New

1,455

Boston

1941

MAY FOR 4 YEARS
Jan. 1 to May 31
1941

1942

1943

1944

We
years.

4,060,839,409

1st
2d
3d

73,301

4th

totals record

7,763

5th

Richmond

1,679
1,171

10,242

9,397

8,741

7,484

7,576

6,555

5,600

6th

Atlanta

13,157

11,855

10,381

7th

Chicago

2,370

2,237

583

515

3,828

3,407

2,816

2,285

8th

St.

Pittsburgh-

1,104

999

876

730

5,501

5,025

4,262

3,483

9th

Fran._

1,166

1,027

834

710

5,842

5,095

4,250

3,480

ter

637

479

425

3,194

3,008

2,408

2,030

442

434

375

335

2,367

2,206

1,918

1,556

765

605

516

4,042

3,880

2,961

913

864

764

641

4,521

4,212

3,587

2,843

525

517

403

380

2,788

2,575

2,002

_

Minn.

348

338

253

228

1,855

1,688

1,306

1,063

1,636

1,383

998

747

8,106

7,088

4,647

279

229

218

1,496

1,437

1,177

285

299

195

158

1,599

67

71

68

65

355

Milwaukee-

140

136

116

104

764

725

597

289

237

217

194

1,418

1,203

1,072

179

156

136

990

903

786

233

209

81

146

1,210

1,060

757

115

123

119

111

623

616

578

499

565

233

210

1,578

1,431

158

128

122

917

859

Denver

,

__

Ind'apolis

_

Richmond-

308

Memphis

•

165

_

7.1

+

8.4

931,813,391

1,240,928,203

1,060,832,946

8.9

2,905,062,148
864,747,058

1,511,115,288

+ 16.0

3,878,414,273

+

1,158,359,994

L.

Total

294

234

1,857

1,437

1,Q65

110

90

81

581

564

461

375

62

59

63

340

'317

313

676,659,862

" .*

1.1

32,601,399,614

30,565,391,860

42,945,255,965

6.4

17,244,046,597

15,429,878,683

5

942,980,358

+

—

43,426,282,528

+

20,532,394,870

In

5 Months

Months

16
—16

—

" ■ ':

11
19
—

_____

^

'

19,899

23,805

15,298

17,901

30,565 223,646 202,867,161,685 145,129

102,032

85,604

1941..,
4

■

' "*

$

0.7

7,660,014,253

+10.9

79,104,577,064

6,589,976,251
76,023,267,643

•—

8,738 ,929,457

105,238 ,648,659
13,709, ,226,596

+

2.8

12,395,266,100

10,893,415,709

12,438 ,339,890
5,513, ,964,599

+

8.5

7.1

7,364, 532,336
19,390, ,534,893

+ 19.2

10,658,269,044
4,667,003,212
6,127,663,764

8,685,923,311

+

+10.6

15,944,074,985

13,407,363,257

9.5

+10.9

4,781,662,919
3,157,282,501

2,582.524,332

5,7.7

5,289,703,264

4,370,011,921

+ 14.5

3,879,800,747

3,159,281,345

8.9

8,020,184,051

5,753 ,321,570
3,910 ,178,175

+

7,131 ,337,644

+

4,683 ,268,586
9,995 ,394,092

.

+

yi>.

i

5,001,280.226
3,997,458,735

6,459,293,087

—

161,685,501,904

-jr.,9.7

:

145,129,538,256

85,604,362,328

203,867,676,497

71,828,587,526

'

:—ul

102,032,418,428

110,796,094,778

■>

3,979,742,449

u:,1.—

MONTHLY CLEARINGS

j

■

Clearings,
•

$

-V
•;

February.—V—March

Total' 5

Dec; %

'

;

21,290,328,895

+24.6

"

43,052,524,494

.' +

.+ ,12.9

i

v.

+.15.8
+19.4

17,826,393,291

•

22,189,626,341

•>,

59,718,138,002

.

Dec. %

i

.......19,702,118,370

-23,497,275,956

•

Inc. or

$

$
22,809,158,872

'j:

+ 21.0

*-»

'

f

•?..

"

Ji

'

V

116,153,028,561
44,288,365,408
43,426,282,528

138,307,483,718
42,393,400,887
42,945,255,965

••■'"'■

67,596,763,723

'

+ 19.1

'JL

•'

21,359,926,087

4.3

*—1.1
•'

"

21,839,404,968

+■

203,867,676,497

g.4,

'

'

i

,

''A

-*

223,646,140,570

; •

20,532,394,870" '
-

months

'■-+'13.2

"'»"—»r1.9

21,781,885,556

•
"

•

'

71,828

38,104,684,580
34,995,819,487

48,613,161,624 '•
XV •:

:

quarter

1—r

May

,

1943

1944

Inc. or

•*

43,591,816,956

-Clearings Outside New York-

—

:

$

•

46,102,505,138

'January—_______

Total All
1943

1944

Month—

months since Jan, 1,;1944 and 1943.

by

cover$ the clearings

following compilation

27,291 199,841 182,968 143,784 129,831

21,839 20,532 17,244 15,429 110,796

Out. N.Y.C.

The

Total 1st

3,274

5 Months

1942

?y

■"

all 42,945 43,426 32,601

Total

1,879

949,998,309

$

223,646,140,570

cities

586,704,511

5 Months

c. or

Dec. °/o:

1943

.-

in the five months for four*

Federal Reserve Districts

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
10,886,222,493

"
"

7

288

..

38,223 39.168 29,031
3.570
4,258
4,722

—

'

638

377

i

_

cities

Oth.

1,036

744

62

C'y

Hartford

1,186
"

839,157,172

1,352,955,428

728

108

358

Seattle

Salt

,

•1,874,843,755

+

1,602,160,524

Outside N. Y. City

,720

2,192,836,207-

*■'

'

2.0

—

6.1

186

Total

296

.

2,478,843,697""

15,725,837,477
2,340,446,433

2,017,999,823

637

956
330

15,943,320,442

1,077,385,040
2,140,763,827

Louis

877

198

—

Paul

St.

1,471
354

.

—

Providence

$

1,388,146,761

7.3

—

1,535,136,176

2,494,450,036
1,084,992,872

showing the clearings by

______

504

Buffalo

Omaha

_

'•

$

0.2

+

2,872,918,970

1941

1942

or

Dec. %

$

1,012

—

Louisville
,

Inc.

1943

1,682,033,983
23,586,560,092

3,446

283

Orleans

N.

Detroit

District 6.1%.

and in the San Francisco Reserve

1944
$

in¬

District 14.3%

Dallas Reserve

the

in

3.4%,

740,011,562

1,624

City^

District

City Reserve District the

Kansas

+ 14.3

2.311

Kan.

is

crease

the

In

999,999,716

12th San Francisco

786

Cleveland

3.8%.

of

633,589,774

11th Dallas

_

totals regis¬

improvement of 8.9%, in the St. Louis Reserve

an

3.4

—31

10th Kansas City

601

—

and in the Atlanta Reserve District by

In the Chicago Reserve District the

16.0%,

21,839,404,968

Minneapolis

Cinn.

gain of 7.1%, in the Richmond Reserve

a

District of 8.4%

$

Cleveland

710

Baltimore

3,326,465,411

1944

New York
Philadelphia

2,758

San

3,115,869,038

8.7

-14 cities
14 "
-17
17
-—,——— 8
"
i
16

799

Louis—

3.8

3.8

v

Boston

2,695

Phil a.

+

91,160,272

+

<•

13,493

St.

6,772,310,558

+

Federal Reserve Districts

76,081

1,315

314,633,735

6,731,156,883

+

'.

append another table

15,357 15,135 112,850 101,835
1,834

375,300,979

7.6

781,835,766

11
19

Y. City

N.

$

1,451

4.2

+

1,414,621,073

Francisco

$

$

$

$

$

$

$

omitted)

+

811,228,150
1,462,588,336

/

..

AT LEADING CITIES IN

95,531,757

3,353,312,044
949,447,878

11th Dallas

Outside

136,568,575

206,192,862

8,400,579,736

,

,

164,839,545

4.0

+ 19.6

426,736,913

1,685,792,519
21,866,402,555
2,815,882,680
2,671,696,588
1,175,727,306
1,753,253,767
4,225,052,813
1,259,482,384

—

—

Total

April

—

523,590,197

District of 8.7% and in the Minneapolis Reserve

•■"■..

32,406,179

13,846.590

Quarter

-

10th Kansas City

12th San

1st

219,691,849
148,239,481

204,542,531

1.5

186 cities

-

18,032,142
24,434,084
36,997,243

March

;

8.9

+

416,785,555

126,480,565

aggregate $43,426,282,528.

-

No. Shares

___

+

184,441,904
281,572,505

a

was

Month of May—

17,811,394
17,100,772
27,643,038

January——

1.0

267,867,272

of the clearings

Federal Reserve Districts

1944
Of

Month

207,791,972

+

272,277,981
524,378,309

230,967,842

555,726,099

In the New York Reserve

No. Shares

!<

408,084,155

220,010,346

328,929,768

for
de¬
body of clearing houses of 1.1%,
clearings having been $42,945,255,-

of

482,196,298

+„ 5.8
+ 18.6

—

244,295,149

151,278,460
444,653,261
9,034,885,818
4,216,137,963

For that month there

May.

3,615,387,845
524.343,025

187,212,044

-

the entire

for

crease

6th

$1,768,887,900

transactions in share properties on the

The volume of

of

month

3.2

270,181,828

111 Cities

City

311,982,240

2.4

11.4

+
—

550,782,869

57,922,200

$343,226,150 $1,357,333,800

bonds— $213,748,900

Total

Y.

N.

"

$ li

$

320,000,132

5.3

3,711,363,939

4,487,297,000
598,770,902

291.741.016

"
"
"

We also furnish today a summary
the

7

93,630,174

17,228,380

—

_____

_________

Outside

Dec. %
+

1941

1942

Inc. or

$

347,678,790

District the totals are smaller
148,068,593
by 7.3% and in the Philadelphia Reserve District by
$1,709,692,000 •2.0%, but in the Boston Reserve District the totals are
larger by 0.2%. In the Cleveland Reserve District the

Stock, number of

CLEARINGS
1943

7
-

Francisco

965 and the 1943

1943

1944

1943

OF BANK

10
6
10

_______

the 1944 aggregate

Five Months

Month of May

shares

Louis

12th San

monthly detailed statement of

1944

——

1.4

transactions
New York Stock Exchange is appended.
The
for May and the five months of 1944 and 1943

the

on

5.7

+:

$9,897,923,819

Our usual

•

Philadelphia

+

day___—

one

New York

3d

....

.

11th Dallas

Total all cities for week

cities,

2d

—

$8,189,470,342
1,708,453,477

All

3.2

16.6

+

$6,673,721,352
1,515,748,990

$8,659,374,083

Boston

In

1.5%.

City Reserve District the totals are smaller
by 4.0,% but in the Dallas Reserve District the totals
are larger by 19.6%, and in the San Francisco Reserve
District by 4.2%.
the Kansas

365,944,746
4,996,939,365
579,703,383
537,484,376
258,542,818
389,851,480
561,353,041

12 cities
12
"
-10 "
7 "
6 "
-10 "
17 "
4 "

Chicago

8th

133, 654,478

1st

1.0%, the St. Louis Reserve District of

of

increase

an

8.9% and the Minneapolis Reserve District of

$

Richmond

194, 653,799

improvement of 5.8% and in the Atlanta Reserve District
of 18.6%.
The Chicago Reserve District has to its credit

1944

<

Cleveland

all Cities, five days

Tot.

14.2

Ending June 10

Federal Reserve Districts

000,000

290

$7,226,629,913
1,432,744,170

five

cities,

Other

2.4

a gain of 11.4% and in the Boston Reserve District
5.3%, but in the Philadelphia Reserve District the
totals show a loss of 3.2%,
In the Cleveland Reserve
District the totals record a diminution of 2.4%, but in
the Richmond Reserve District the totals register an

furnish a summary by Federal Reserve Districts:

we

SUMMARY
Week

York

of

9.3
10.0

—

days__

cities, five days

Ten

■

;

—

+
+

507 000,000

172,900,000
252,647,000
215,022,835
197,784,172
127,721,410

-—

-

Francisco

Ban

.

following

New

show

figures are not avail¬
able at time of going to press. Accordingly, in the above
the last day of the week in all cases has to be estimated.
In the elaborate detailed statement, however, which
we present further below we are able to give the final
and complete results for the week previous—the week
ended June 10.
For that week there was an increase of
7.6%, the aggregate of clearings for the whole country
having amounted to $9,034,885,818, against $8,400,579,736 in the same week in 1943.
Outside of this city there
was
an
increase of 3.8%, the bank clearings at this
center having recorded an increase of 11.0%.
We group

Cent

$4,402 215,755
410 588,439

$4,814,316,985
451,491,099
495,000,000
331,123,784
168,622,628

—

the

Saturday and the Saturday

ends

according to the Federal Reserve Districts in
located and from this it appears that in
District (including this city) the totals

which they are

issue of next week.
them today, in as much as the week

We cannot furnish

Per

New York

the cities

details for the week covered by

foregoing will appear in our

the

TELEGRAPH
1943

1944

Week Ending June 17—

(

CLEARINGS

BANE

OF

COURSE

THE

Monday, June 19, 1944

CHRONICLE

& FINANCIAL

THE COMMERCIAL

2556

+

.

.

110,796,094,778

'9.7

102,032,418,428

Hlll

1,V:_ J+';8.6

'itri

We

now

add

our

detailed,statement showing the figures for each
—.Month

'

First Federal Reserve

District—Boston

16,565,581

Portland
Mass.—Boston
Fall

River

—

%

Lowell
New

Bedford

Springfield
Worcester

Conn.—Hartford
New

Haven

Waterbury
R.

I.—Providence

N.

H.—Manchester
Total

(14 cities)




-Jan, 1 to May

May-;—
Inc.or
Dec. %

$

$

3,121,250

3.607,177

Me.—Bangor

of

1943

1944

Clearings at—

•

city for the month of May

14,835,501

$

.15.6

15,780,450
76,753,398

18,087,760

+11.7

75,722,126

+
•

$

1,451,844,140

+

0.2

3,983,153

+

4.7

20.922,173

1,974,491
1,991,681
5,718,612

1,759,386

7,576,654,247
19,686,153

7,484,735,442

4,171,936

6,057,025

+ 12.2

11,008,269

0.5

10,471,864
9,543,602

10,041,535
26,457,397
94,528,557

+
—

5.6

0.8

18,012,400

+

11,829,540

11,191,919

+

5.7

59,528,382

62,564,971

62.273,164

+

0.5

340,823,162

25,523,885

24,196,282

—

8,681,400

8,987,100

71,355,900

—

67,050,200
2,747,618

2,435,699

1,685,792,519

1,682.033,983

18,161.884

+

+

+

%

T£ [-•

0.8

+ 14.6
—

1.3

1944

-:'.

•'£!

,;:•• '•, .-••

Vane,

1943

895,747

-v"

,

$

1941-

... ..

...

•••'.'

'.

822,019

16.0

3,739,604

2,533,662

+

6.9

270,587,178

263,588,297

1.8

1,008,087

863,558

•

1.2

317,248,759

296,721,487

6.3

954,177

971,436

+

5.1

+

•:•••$ +

"•

811,534

8.0

i+

829,206 '

+

—

484,804

396,036

+

26.1

5.2

498,324

493,284

1,127,864

6.9

909,714

824,292

+ 11.1

1,205,319

+

23,822,602
93,310,919
57,802,764
317,907,763
129,132,638

1.3

4,112,525

3.0

4,290,281
2,681,107

7.2

13,308,701

14,496,140

1.2

5,700,242

5,677,303
15,747,400

+

5.5

38,265,100

40,896,600

355.758.900

15,131,400

13,977,178

354,366,400
12,800,057

0.4

6.0

9.2

588,367

12.8

2,748,377

|

+

4.3

3,935,353

4,024,265

—

2.4

2,777,548

2,643,222

8,738,929,457

0.7

365,944,746

;

513,575

347,678,790

15,071,431

8.2

12,366,618

+

0.4

5,737,229

r.

—

3.9

17,134,400

■-*

—

-

6.4

8,680,378,074

fJ."

+

4,338,441

3,442,322

3.4

0.2

1942

or

Dec. %

$

'

130,522,093

.

■;

-Week Ended June 10

$

L™'
o.ei

—

1,455,203,543

1,981,064

Inc. or

Dec.

1

ended June10 for four •yefcjs.

31—^

1943

1944 \

and the week

5,526,032
14,992,600

+ 14.6

507.583

678,058

5.3

320,000,132

311,982,240

+

Yolume 159

THE COMMERCIAL & FINANCIAL CHRONICLE

Number 4291
-Month

of

May-

1944

SBearings at—
Second

$

Y—Albany.
Binehamton

—_

V

Jamestown
York

•

.

Syracuse

*

4,356,126

-Week Ended June 10-

,1943

Inc.

or

1944

Dec.

'

'

1943

$

$

*

26,400,531
4,974,081
37,871,056

-

J.—Montclalr

Newark

———

—

Northern

;

J.

N.

Oranges

168,677,949
4,293,856

Federal

Reserve

22,283,049

7.8

112,850,045,7y2

22,664,138
101,83i»,2t>K'.< ■ 9

254,320,084

233,709,966

12,828,433

i+

1.2

6,154,027

3.2

147,945,748
25,762,816

133,116,069

—

+ 31.2

167,372,580

140,604,091

9/706,036

1.0

8,780,682

468,947
24,927,153
36,823,780

4,996,939,365

4,487,297,000

—10.2

1,203,975,140

—

i+

1,191,367
61,396,000

24,352,438

985,789

1,426,929
4,818,747,855

+

3.4

58o,3ro,bu2

+

12.4

834,161,186

724,941,757

+ 11.8

22,088,314

116,689,076,656

105,238,648,659

.+ 10.9

7,107,393

+

12.2

I

17,240,503

1,356,753

—33.6

1,470,201
44,700,000

51,800,000

—17,9

1,179,567

+ 34.7

991,700
3,480,678,173
9,869,146
5,547,455

+ 11.0
+ 16.4

—10.1

909,368
1,133,613

3,571,670,071
10,867,793
6,010,431

636,791

6~000~,472

336,834

1,501,860

23,550,578
33,762,633

19,103,949

7.3

—

1941

$

+ 347.4

26,282,307

8,603,257
549,383,291

1942

Dec. %

8~304,256

8.1

24,570,099
25,658,895

23,586,560,092

—

(14 cities).

283,415,712
33,238,475

+ 11.3

8.9

+ 22.0
—

3,841,047

21,866,402,555

-

Total

1,800,384
llN.i/ou, HJ0

.

288,486,110
35,826,621
1,418,746,927

Inc. or

4,980,905
1.794.926
54,700,000
1,200,635
1,059,386
4,339,740,327
11,021,593
6.844.927

—

22,893,887,658
43,859,165
24,851,864
5,136,506
28,874,153
1,781,808
ll*,u<±o,ij-i6
150,011,734

.

2,

Utica

—31.7

5,390,412

21,105,850,997
48,804,546

-

Conn.—Stamford

Third

1944

Dec. %

65,030,615
7,711,951
237,209,144
4,928,489

4,530,853

-

...

Rochester

N.

$

44,447,871
V 7,021,605
289,406,000

-

Buffalo
Elmira
New

Inc. or

Federal Reserve District—New York—

If.

..

-Jan. 1 to May 31-

1943

'

2557

21,046,060

27,812,947

471,956
22,545,937
28,373,594

3,615,287,845

3,711,363,933

+

11.4

■aeipnia—
District—Philadelphia'

Pa.

AltOOna

2,723,938

mm.

Bethlehem

2,197,720

3,554,565

Chester

+ 23.9

4,159,286

•

—14.5

+ 2*7

19,983,429

18,690,399

11,952,903

—

9.3

—

12,647,733

12,000758

+

5.3

61,911,123

59,794,073

+

7,479,368

6,406,202

+ 16.8

37,193,598

34,327,990

+

2,523,575

2,186,106

+ 15.4

12,302,395

+

2,512,098
2,758,000,000

.

2,695,000,000
7,175,238

Philadelphia
Reading
Scranton

6,238,403

12,461,366

Wilkes-Barre

6,710,592

Pottsville

1,874,514
612,219

417,475

1^607,388

~+15~9

1,527,564

1~3?U50

583,000,000

506,000,000

408,000,000

3,160,236
20,834,748

+

9.5

1,658,524

1,586,493

59,105,023

+

5.8

1,321,953

2,638,754

1,460,053

+

8.8 *

1,617,057

2,499,112
1,485,775

3,071,749
1,213,823

1,405,912

3,747,379
1,158.706

1,936,823

1,850,967

1,565,907

30,410,213
43,048,309

—14.3

7,986,076

6,950,426

+ 14.9

3,607,262

3,415,054

+

+ 34.1

6.1

,

6.0

+

16,613,398

+

—

117,627,664

14,756,463
103,281,620

+ 12.6

3.1

114,877,500

102,548,500

+ 12.0

2.0

14,094,239,064

13,709,226,596

+ 13.9

7,442,600

2.8

+

4,672,700

579,703,383

16,372,241

+ 29.8

12,609,735

85,028,541

68,692,520

+ 23.8

3,797,859

3,621,878

Cincinnati

442,958,252

434,952,730

+

1.8

2,367,552,513

2,206,862,356

+

7.3

913,662,136

864,030,233

..•'-+

92,459,091

Cleveland

5.7

4,521,546,381

174,104,603

70,571,500

64,445,500
1,632,999

9.5

187,008,783

369,774,000

+

12.7

16,685,100

+ 101.4

17,570,425

7,274,485

8,688,353

+ 17.7

3,289,383
1,419,456

—

Lorain

10,228,303

Mansfield

Youngstown

15,466,460

—*

4,135,528

3,332,012
85,732,489
151,682,158
14,183,800

+

4.9

+

3,2

89,499,837

6.9

168,932,759

+ 21,*9

14,331,500

+

8.5

2,076,199

2,003,149

+

3.6

74,313,924

+

1.7

2.137,348

4,308,863

3,737,208

2,243,309

44,082,551

+ 15.3

34,103,452

+ 29.3

3,588,625

3,889,775

1.3

207,534,296

185,935,590

+ 11.6

244,053,261

251,127,354

2.8

199,572,701

147,010,612

537,484,376

550,782,869

2.4

482,196,298

1.0.

+

9,104,844

8,086,208
36,833,350

+

1,417,510
831,390

1,409,546

+

0.6

724,484
999,538,769

+

14.8

4,243,542

4,075,954

+

+10.5

5,501,490,323

5,025,706,865

+

9.5

4.8

65,867,071

60,872,927

+

8.2

—12.6

74,990,976

77,867,873

.+ 15.7

52,989,597

:

—

1,104,230,640

—

+

13,310,341

Erie

Oil

City Ky.—Lexington

14,140558

.

16,187,856
6,239,464

V

6,870,476

9,999,886

+

1.7

50,570,032

44,747,089
43,153,651

2,494,450,036

+

7.1

13,500,254,419

12,438,339,890

.

.

3.6

—

4.1

3.7

—

+ 18.4

+ 17.2

8.5

+

—

5,510,349

5,011,182

+ 10.0

27,732,000

+ 12.2

1,002,544

139,632,000

23,381,514
132,685,000

+ 12.9

31,126,000

5.2

1,006,712

5,836,000

308,635,739

265,667,094

+16.2

5,998,000

1,578,226,796

1,431,550,783

+10.2

8,858,859

9,751,331

9.2

65,775,818

56,512,038

47,393,677

48,212,642

5,731,000
57,196,115

——

Richmond

C.—Charleston

—

—

26,393,211

+

3.3

71,959,726

71,330,167

+

—

+

6.0

3,194,800,827

3,008,883,064

+

6.2

1,937,885

+

12.7

C.—Washington

11,807,085

158,859,490

+

5.7

834,678,915

10,893,960
787,027,469

+

+

8.4

14,407,031

,

1,175,727,306

Total (8 cities).

2,253,294

2,255,651

2,090,800

0.9

601,626,859

2,183,725
167,985,347

13,930,116

Frederick

1,378,727

1.7

—

637,497,171

Columbia

Md—Baltimore

—

1,084,992,872

36,088,079

48,967,640

v

5,904,892,237

+ 35.7

5,513,964,599

240,656,289

170,000,617

150,439,434

+ 13.0

627,500,000

523,600,000

+ 19.8

10,177,679

9.006.884

+ 13.0

8,247,589
8.442,696

8,097,812

223,702,624

195,626,036

1+14.4

15,071,549

r+ 4.0

78,335,728

—

„

L

Fla.—Jacksonville
Tampa

~-rr*

+

8,986,928

233,559,161

+

+

■

144,*634,776

8.4

U

14271477562

+

1,8

4\...

6.1

38,6647203

36,3797354

7.1

258,542,818

244,295,149

—

1.8

848,754,990
3,057,400,000
cm fi/vr

758,809,111
2,465,000,000

i

47 «OA-

47-^

+ 40.0

34,296,936

——

6 -T

34,9127742

36,1257050

220,010,346

207,791,972

5,726,537
30,231,782
95,500,000

5,927,626
26,977,05ft
82,900,000
1,081,800

2,136,932

1,691,641

2,565,328

932,562,665

1,488,757

+ 16.7

53,738,777

44,904,061

68,130,166

31,736,083

+ 15.0

1,811,144
25,762,000

+ 34.9

47"f23~,382

30O~2~7,273

5.5

367l90633

4,250,374

3076077753

5,123,517

4,430,391

3,145,992

v

,'7-

+
—

2,131,767

0.4

1+35.0

1,177,098,287

2.6

102,017,611

872,582,494
107,948,125

6,179,827

+ 20.1

37,414,496

32,724,499

+ 14.3

t 11,558,000

62,660,000

60,483,000

+

7

—

+

5.4*

—

3.6

12,784,488

9,694,315

'+25.7

68,330,336

53,827,917

+ 26.9

2,701,577

+ 20.4

14,695,466-

14,574,583

+

1,101,720

738,893

+ 49.1

4,922,3641

4,440,253

348,801,140

338,446,616

—

Meridian

Vlcksburg
^a.—New Orleans

'

2,219,043

42,171,670

3,252,856

Jackson

+

0.1

1,855,502,210

1,688,641,111

0.8

+ 10.9.

292,431

214,162

+ 36.5

158,995

9.9

101,846,824

76,849,691

+ 32.5

64,668,042

147,944
52,606,518

+ 19.2

389,851,480

328,929,768

+ 18.6

272,277,987

230,967,842

2.2

576,717

581,204

0.8

588,663

539,629

+

.

1,753,253,767

cities)

1,511,115,288

+16.0

8,770,924,176

7,364,532,336

Federal Reserve District—Chicago—7-

Seventh

2,'748,804

Arbor

1,275,932

Detroit
Flint

2,405,183
1,383,938,470

6,883,468

Mich—Ann

+ 18.2

6,422,718

1
13,330,804
8S106,176,080

7.2

36,562,944

+14.3

:

+

13,040,773
7,088,667,802
'

39,314,840

+

—

+ 14.4
—

7.0
—

19,983,663

+ 16.8

•116,822,884

100,576,693

Jackson

23,337,841
3,914,660

4,766,563

—17.9

20,894,346

21,964,377

Lansing

18,522,820

16,240,118

+ 14,1

70,784,324

+ 22.1

6,255,144

+ 16.1

29,758,841
18,374,014

+ 24.3

+25.4

86,461,102
36,993,145
20,253,007

+10.2

+

3.3

67.622.714

62,858,320

+

7.6

+

8.8

123,146,076

7.8

6.5

623,320,808

114,189,159
616,603,990

+

—

+

1.1

'Grand Rapids

7,262,939

Muskegon
Bay City
Ind—Ft. Wayne

4,253,681

Terre

3,391,425

13,401,320

.

12,969,203

;

25,630,477

23,555,337

—

115,270,833

123,285,131

—

16,266,658

14,429,933
33,549,064

+ 12.7

82,945,093

4.0

168,626,079

8,213,888

+ 13.7

46,947,030

Gary

Indianapolis
South Bend
Haute

32,218,925

Wis—Madison
Milwaukee

9,338,883
140,861,485

—

♦

Oshkosh

136,856,123-

2,620,537
■

2,357,680

4,046,518

—.

Sheboygan

3,720,825

2.9

3,787,978

7.6

12,020,925

6.5

12,529,743
47.543.715
335,311,194
161,372,259

1,1

4,803,711

7,625,091
58,990,867

+

9.3

+

0.6

29,675,407

27,859,596
991,504

+

Sioux

—

City

Ames

979,399

—

3,237,005

HI,—Aurora
——
Bloomington
Chicago
Decatur

2,460,351

2,001,337,657
7,241,853

:

3,255,405
2,390,734
1,923,857,525

."..5,891,746

—

0.6

15,206,279

+

2.9

+

4.0

12,461,046
10,242,652,489

—

+ 22.9

27,903,639

21,633,845

+ 29.0

9,653,242

11,190,329

—13.7

7,683,120

8,353,664

792,612

985,744

.4,225,052,813

3,878,414,273

Peoria
Rockford

Springfield

.

.

Sterling
.Total (31 cities).

39.908.452
125,403,445

3,082,882

3,119,162

2^6*61,000

307738,000

+ 14.3

3,678,637

3,658,233

+

8.0

7,634,111

6,667,725

+ 14.5

—

5.4

4,422,404

8,331,137
59,342,148

Moines

57030711

+

20,819,154

..'+

4,852,429

37150,151

30,570356

31,4377748

+

37944,472;

4,208,045

57580826

27670050

1.2

0955,475

27550,166

lT.4

287oTf,000

277770000

0.6

2,825,134
7,932,940

2,931,786

27,6357875

25,240033

6.1

1,745,517

1.1

12,325,606

+ 29.9

5,742,985

1,459,606
11,034,007
4,507,683

—

—*278

+ 13.4

+

6,767,392

8.6

+16.8
+

4.2

40,734,335

+ 16.7

2,128,023

2,005,912

301,144,049
141,805,438
■

1.0

3.9

L.

8.7

8.8

+

675,053
2,372,702

4,801,736

4.9

+

+ 49.2

1,006,718

+16.2
—

43,183,644

725,216,726
11,784,256
19,175,336

2,552,744

Des

•

13.359.451

+

Watertown

la.—Cedar Rapids.

72,562,858

183,292,643

v

764,107,225

+11.2

Manitowoc

-

1,930,910

115,~99~27l33

2.5

42,326,147

6.6

f'

f.

^

48,849,001

5.8

117,500,000

""4-

172,964,929
21,914,609

-

.

(16

119,072,977

844,878

4,050,000

;

+""6.3
+

7,723,976
33,884,828

133,200,000

7,419,556

21,354,174

Mobile

Montgomery

11,192,072

+ 11.9

+ 24.0

12,183,000

Ala—Birmingham

Miss—Hattlesburg

171,940,536

1,088,284,285

15,758,827

—.—

Columbus

Total

408,084,155

District—Atlanta—

Sixth Federal

Tenn—Knoxville
Da.—Atlanta-

-

District—Richmonfl-

Va—Huntington

Va.—Norfolk

Nashville

7,120144

10,165,080

Federal

Macon

+

,

.

2,671,696,588

(17 cities)

Augusta

12,702,899

-

7,217,114

*

————

Wheeling

Total

W.

43,606,928

37,303,380

Co.

Greensburg
Pittsburgh

Fifth

47,313,086
75,556,124

—

Pa—Beaver

W. Va.

+ 38.2

+12.6

15,316,859

15,747,113
5,262,554

——--

Newark

Toledo

r

416,785,555

11.6

+ 35.0

———

Hamilton

D.

4,162,800

524,343,025

—

•

13,689,800

+

1,051,165

1

i;

7,922,900

3.2

89,594,697

7.3

+

4,212,050,350
320212,600

+

Columbus

0.

+ 59.3

598,770,902

V-

District—Cleveland-

Ohio—Canton

5.6

6.7

—

2,872,918,970

2,815,882,680 '

29,704,500

62,562,263

33,084,158

24,510800

...

2.6

32,538,259
;

36,880,807

—

21,496,594

26,162,300

J.—Trenton—

+

0.3

2,982,553

Del.—Wilmington
If.

+15.4
■

—16.9

651,994

Federal Reserve

423,622

561,671

"

11,728,070

13,157,000,000

—

1,390250

Bois

cities)

468,463

430,087

+18.1

561,000,000

+ 56.4

11,286,465

13,536,147

13,493,000,000

+ 22.0

8,428,502

Hazleton

*■

2.3

+ 15,0

;

6,727,504

7,002,634

—

t.

+ 20.5
—

10,214,239

York

Total (17

442,311

—12.9

7x1,034

9.0

2,905,907

+ 12.3

575,079

1*863,630

8.3

514,498

:: 659,309

839,649

■

3.5

——

Norristown

577,948

3.5

+

Lebanon

Fourth

9.983,558

19,279,026

2,793,961

Harrisburg
Lancaster

Du

12,540989

3,053,747

-

+ 11.3

13,537,619

13,685,977

+ 13.8

8,856,970

6,819,382

4,782,401

+

0.4

14,114,645/

+

7.7

10,401,070

+19.8

503,348

676,284

9.0

444,938,788

+ 25.4

1,579,717

436,135,092
1,605,194
6,103,235

+
—

9,397,248,930
31,837,363
111,501,277
45,786,307
39,427,360

+

+ 12.5

5,716,253

—25.6

"+
—

—

741,621

724,534
422,578,620

2.0

415,956,965

1.6

1,651,077

1,256,579

5,228,577

6.31

6.1

2,103,519.,..

2,452,011

—14.2

2,138,575

5,393,936
2,002,794

0.6

1,833,214

2,155,800

—15.0

2,364,001

1,935,337

—19.6

48,570,313
39,653,120
4,214,661

8.9

; 21,442,440,773

19,390,534,893

+ 10.6

+ 20.4

3,828,945,268
25,397,192

3,407,448,956
22,060,365

+ 15.1

+ 29.9

4,481,398

3,821,058

+ 17.3

+

1.6

1,496,376,975
917,759,525

1,437,995,438

+

859,453,890

+

—

+

8.0

4,594,219

+

+
—

8.3

561,353,0417

555,726,099

+

1.0

524,372,309

523,590,197

179,700,000

169,800,000

+

5.8

133,400,000

121,900,000

4.1

73,943,865

55,209,183

50,459,730

36,790,151

62,442,197
34,562,075

+ 18.4

6.8

6.4

29,885,666

'31,17*^801

~+237O

0190000

1,005,000

8.9

219,691,849

204,542,531

Eighth Federal Reserve District—St.
Mo.—St. Louis
Cape

799,269,101
4,745,284

710,859,131
3,942,281

929,316

283,731,759

715,595
279,289,836

165,448,306

—

Girardeau

Independence

Ky.—Louisville
Tenn.—Memphis
III.—Jacksonville

Quincy
Total (7

0*—
cities).




+ 12.4

158,299,921

+

4.5

518,618

504,230

+

2.9

2,800,554

2,429,863

+ 15.3

4,840,000

4,749,000

+

1.9

24,149,000

20,112,000

+ 20.1

1,3077 000

1,0637000

1,259,482,384

..1,158,359,994

+

8.7

6,299,909,912

5",753,321,570

9.5

291,741,016

267,867,272

'

>

+ 12.4

>:

■

""

'

+

+

Xf?

+

Monday, June 19, 1944

FINANCIAL CHRONICLE

THE COMMERCIAL &

2558

f-Jan. 1 to May

-Month of MayInc. or

16,372,246

Rochester
Paul

525,804,721
2,328,637

Minneapolis

—

198,602,147

2,144,385
411,354

Minot

6.

D.—Aberdeen
Falls

Sioux

„

—

1,189,748
5,373,813
5,020,227
18,821,058
461,145

Huron

Mont.—Billings
Falls

Great

—.
..

...

Helena
Lewistown

Total

cities)

(16

16,799,141

Wichita

Carthage

Total (17

29,627,583

5.3

67,947,981

66,667,163

+

7,057,937

5,873,319

+

26.8

25,727,644

21,254,058

+

27,153,911

25,700,539

+

.+

6.6

98,483,423

97,000,286

/+

■2,046,522

+

4,336,806,352

3,910,178,175

+

4,358,595

4,421,897

2.3

—

901927*409

84*116,876

4.4

1,599,650,087

1,471,134,150
5,379,321

—

+

92.7

+

136,568,575

fh

68,887,493

6,690,934

60,583,189

+

5.9

+

37.5

+14.4

17,324,992

16,139,506

+

765,777,351
23,157,679

+

14.4

539,343

+

46.1

3,880,233,854
119,948,460
3,496,032

+

8.1

4,042.349,428

2.7

+

.;

146,833,425

4,506,265

2.6

—

7.3

+

v:

64,169,483

>

181,178

3,017,184
37,721,164

2,383,574

4.4

—

170,701,379

118,022

122,226
179,668

3,752,322
52,758,865

+ 49.4

4,373,527

v

1.0

—

185,335
250,703

6.5

118,285,953

1.5

3,150,159

¥79*2351

+ 12.8

2,280,423

6,439,061

6,126,125

+

5.1

4,773,774

4,438,284

4.2

178~671,7~69

189*787,999

"•—*5.9

1357719,077

lll765Q,~135

+

22.4

6,270,891

5,400,741

+ 16.1

4,531,225

3,635,906

+

28.9

.

7.5

252,437,914

+

4,290,301

+ 10.0

23,569,829

2.9

+ 11.4

1,210,440,807

21,898,938
1,060,552,148

+

209,548,091

+

14.1

3,483,476

19,187(812

17,727,157

+

-8.2

'8,293,315

+

38.3

r'.i

51,902,553

'271,288,266

'

—

+

1,748,278

1,414,621,073

0.5

1.6

+

3.4

;

<

11,473,696

;

7.680,308,934

6.7

58,557,386
42,022,003

42,670,783

1,113,506

.

2.0

1,167,367

"¥40,839

"+"¥.5

907,915

961,'796

270,181,828

281,572,505

4.0

206,192,862

164,839,545

+

7

7.7

+

55,892,041

7.8

■■

732,302

1,135,839

"¥8*7,460

+

7,131,337,644

11,355,409
8,766,999

421,752,649
37,104,320
51,367,047

13,100,000
444,714,502

11,264,000
371,080,032

3,640,598

3,453,154

+

5,872,485
2,419,742

5,315,743
2,148,721

+10.5

21,661,931

;—

19,372,284

———
——

Texarkana

La.—Shreveport

—

—

+

10.7

+

14.0

4.8

942,980,358

+

+ 16.3

69,964,000'

+ 19.8

+ 12.6

2,134,865,604
21,170,982
30,214,382
11,801,533

11.8

r

+

2,132,643

71,4247520

.+

102*,9667435

17762*3*,264

1271*7*3*, 128

"+*3*9.8

117657,474

2,495,000

+ 31.9

2,445,000

3,283,000

571*25,419

21.1

16.3

7

+

21.9

'

97l99",153

1,325,828.

~+TO".6

176*6*7,019

20.7

¥l¥o~,*7*3*0

47721*, 046

"+30.5

4/782.'*20

37995,537

14.5

151,278,460

126,480,565

19.6

95,531,757

91,160,272

—10.0

74,847,182

56,680,856

11.9

1,455,156

1,296,955

+

+

3.4

91,316,025

+

4,683,268,586

+

1,466,156

16.7

11,408,223

;

5,360,687,480

+ 14.3

2,182,203

73*,9777641

3,290,000

9.9

*

110,219,103

+

¥

5.4

3.1

+

"+1*776

19.5

+

•

277,839,298

2,865,128

2,954,310

120,3847666

13.1

+

1,836,010,631
17,363,601
■V.
'
25,883,784

221,009,365 I ;

+ 13.5

¥

1.5

—

2,107,105,487
185,011,945
252,835,066
57,771,000

2,383,023,824 "
•

1,077,385,040

cities)

,

+

District—San Francisco—

Twelfth Federal Reserve

4,449,050

3,812,625

358,547,210

Yakima

8,558,307

377,034,742
6,332,813

Ida.—Boise

7,523,983

7,058,788

Wash.—Bellingham
Seattle

'

26,513,357

Calif.—Bakersfleld

12,726,770
13,100,611

—
——

Modesto

6,357,629
1,166,780,574

„

2.1

581,395,567

564,677,024

+

23,816,204

+ 11.3

150,644,857
54,820,223

127,419,162
38,152,141

+ 18.2

+ 22.8

74.112.436

62,519,161
181,070,522

+ 35.1

39,848,950

6.6

+

+ 23.9

14,802,000

—

+

7.0

'+

6.2

218,115,935

,

cities)

19,386,397

2,140,763,827

—

•

„

63,649,682

67,724,660

6.0

64,056,611

50,764,440

25*338*907

27ro¥o~479

"—"¥.2

2l¥88*,053

l¥o~5~9~,566

8,447,983

9,572,713

—11.8

¥9*3*3*625

574*3*17755

4,"1*5*6*967

2,328*816

"+*7*8*5

252*4*9*3*000

222^972^623

—

8.6

—

3.0

+ 43.7
+

18.5

+ 20.5

37,768,116
92,457,549

28,841,171
70,917,954

30,911,800
5,842,485,107

23,075,824
5,095,902,034

+ 34.0

+ 13.6

+ 24.1

93.789.437

85,547,254
28,966,262
83,705,961

6.1

10,886,222,493

9,995,394,092

1.1

223,646,140,570

203,867,676,497

+

9.7

;

102,032,418,428

+

8.6

7"

+ 23.7
+ 17.9

+ 32.6

+ 39.2

106,185,998

+ 31.4

41,968,881

+ 10.4

2,017,999,823

;; -

+

+ 31.0

6,001,852

.

,,,,

2.4

—

'

•

—.—r

32.9

—

'

7,884,009

mm M m m «

+

33,694,026

—

17,561,509

22,983,400

——

1,770,266

30,796,671

14,879,966
4,794,112
1,027,356,221
16,512,775

17,540,857

Pasadena
Riverside

85,782,649

1,981,578

9.2

1,855,801,320

12,248,444
40,741,969
5,605,494

43,268,957
6,931,661

———

77,202,582

30.2

+

10,360,038

108,576,629

Ariz.—Phoenix

1.2

+

—

4.6

5,577,041
110,924,838

—

+ 16.5

16,541,681

1,857,322,572
43,723,978

7.4

2,454,000
324,926,392

5,835,859

Utah—Ogden
Salt Lake City

19,271,096

4.9

+

3,040,000

—

—

+ 16.7

1,879,650,484
33,575,383
36,503,157
■>.' 11,141,000
1,593,493,891

300,758,567

Ore.—Eugene
Portland

m•> »• <n»im

%¥

183,527

District—Dallas-

Galveston

(19

148,229,481

+

^184,441,904

8.7

•

162,606,399

1,462,588,336

Worth

Stockton

1.5

187,212,044

j

—-0.2

?4.9

58,323,475

Barbara

376*71*,753

f'j

4,181,053

21.0

—

42,285,384

Francisco

¥676,517

3746*4*, 687

8,1

+

-

5,369,175
6,253,275

v

466,689,863

Jose

"*946,449

"—-'*0.5

1.4

3,464,483
2,792,640

—

Ban

"+*21.6

¥¥ 4^3*11,239

374,576

"—¥.3

8,083,810

San

1,052,300

4,288,937

10.9

3.8

10,593,250

Beach

"*94*7*,774

7.2

+

1,206,129

,

Berkeley——

1728*6*,910

l"279,~402

2.6

2,194,462

;

+ 11.4

+

—.

Dallas

(11

"+ 8*0

'

233,460,553

Eleventh Federal Reserve

Falls

¥281*221

7

5.7

•

cities)——.

Arthur

¥38*3,809

21.0

8.8

4,331,333

Houston

27765,805

20.2

;

+

*«—

Paso

57583,681

"+*10.2

1.9

+

„

10,336,373

56,081,796

Texas—Austin
Beaumont

573*7*4*, 499

77* 3~09~5,695

+ 42.3

'•+16.5

9.7

+

■

Total

7,197,702
25,423,166

13.4

787,811

——

—

3

■

3,411.852

'

21,636,681
2,914,752

Springs

Wyoming—Casper

4.*

+ 33.5

—

—

Denver

Santa

4.1

12,407,000
10,244,450

26,484,133

Colo.—Colorado

Total

+

7

38*145*802

-**479

457064*405

■

■

786,793,815

—

——

Wichita

2,253,480

65,507,277
9,292,000

■

42"8_6~2~,214

-

27,032,499
3,335,872

Okla.—Tulsa —;—

Long

2,325,035
68,203,073

6,813,823
86,100,528

3.2

+ 13.8

17,191*912

—

Mo.—Joplin—
Kansas City
St. Joseph

Port

9.7

14.3

1,186,887
12,506,456

Topeka

Ft.

94,293,891-

+

•

299,077,714
1,036,518

961,133

Parsons

El

7,331,937

3.4

+

773,922

285,813,784

;

Omaha

Kans.—Manhattan—

Pueblo

2.3

•

23.5

+

-

+
—

781,835,766

.

Lincoln

+
+

+

•

413,840

756,000

Neb.—Fremont
Hastings

6,400,337

123,236,707

-

District—Kansas City—

Federal Reserve

Tenth

6,545,487

127,440,343

+

+ 37.2

4,613,371
17,649,695

811,228,150

_

1.0

10,380,706

6.0

—

$

$

Dec. %

+

903,258,068

10.8

+
2.7
—' 9.1

1,551,302
5,360,451
12,802,309
1,045,302
4,238,776

V

19*1

1942

Inc. or

,'$

+ 12.2

83,871,992

2,575,200,804
9,251,093

990,495,640
11,864,280

+18.9
+

•'f*

$

1943

•

%

-

:

83,014,791

EV

Dec.

2,888,636,971
11,422,171

1.6

'

13,481,631
1,646,000

.

D.—Fargo ———
Grand Forks

:

8,4

+

452,567

12,676,039
2,258,000

1,759,031
5,877,750
12,127,849

Fergus Falls

•—

1,957,728
179,178,632
2,088,358

—

...

Winona

N.

$

17,919,957
517,435,847

—

1944

Inc. or

1943

$

Federal Reserve District—Minneapolis—

Minn.—Duluth

St.

1944

Dec. %

1943

1944

Clearings at—
Ninth

-Week Ended June 10-

31-

+

+ 30.4

+ 14.7

+

573*7*5*878

5,*706~2O3

475*62*,000

1697894,000

19

13,2

'

4,609,005

3,510,166

+

31.3

3,184,839

3,290,107

2,046,688

1,463,493

+ 39.9

1,226,977

1,557,669

+12.0

4,725,869

4,567,048

+

3.5

3,370,658

2,952,184

¥+,.8.9

444,653,261

426,736,913

+

4.2

375,300,979

314,633,735

9,034,885,818

8,400,579,736

+

7.6

6,731,156,883

6,772,310,558

4,216,137,963

4,060,839,409

/+

3.8

3,115,869,038

3,326,465,411

+ 44.9
'

'

'

43,426,282,528

42,945,255,965

Grand Total (187 cities)——

20,532,394,870

21,839,404,968

Outside New York.

—

+

6.4

110,796,094,778

;

•

:

:

"■Estimated.

Statement of Member Banks

Statement of Condition of the 12 Federal
banks

thousands of dollars)

(In

Increase

( + ) or Decrease

(—) Since
June 14,

AssetsGold

$

due from U. S. Treasury—™.

23,750

381,584

Other cash—

—

18,663,375

Redemption fund—F. R. notes-

268,903

—,

1—.——.—

Total reserves

June 16, *43
$

22,198
9,436

.

66,898

—

172,652

+',.'■

11,513

Industrial loans—.———

7,884

+

19,313,862

Discounts and advances

383

.

328,333

+

97,802

+—

9,077,312

—

Certificates

_———

+

346,036

3,284,990

+

44,500

161,854

+

1,434

—

+

6,617,254

+ 1.526,790

342,935

+

Notes——.

1,190,035

Bonds

1,448,996

+

1,500

15,001,333

+

392,036

+

8,375,027

15,185,498

+

325,521

+

8,535,447

Total U. S. Govt,

securities;

136

Due from foreign banks-—

34,793

—

2,570

+

2,033,894

Uncollected items———

.i—

•

+

74,088

F. R. notes of other banks——

Bank premises
Other assets

——

following

balances

demand

with

System

Federal

in

leading

101

principal, changes

Increases of

week ended June 7:

Reserve

for

in U.

S.

482,745
1

—

1

—

+

7,136

+

4,223

+

4,890

+

12,756

36,713,640

+

823,609

+

7,272,370

1

"18,738,090

acct—
U. S. Treasurer—gen. accts—
Foreign
——

13,1T5,085

188,863

+

+

Federal Reserve notes-'—-;

+

5,081,776

Deposits:

357,318

Commercial, industrial and agricultural loans increased
$24,000,000 and loans to brokers and dealers for pur¬
chasing

or

carrying

U.

S.

Government

1,533,787

+

147,629

+

18,158

+

502,980

+

75,941

+

267,037

—-

493,917

15,896,415
1,613,927

+

342,941

+

2,121,285

Deferred availability items—L—

+ 385,226

+

34,366

15,745

+

4,993

+

7,918

36,264,177

+

822,023

+

7,245,345

Other
Total deposits——
Other liabs., incl, accrd.

divs.

Total liabilities

-

.

+

9,421

188,097

+

27,686

Surplus (Section 13b)—

26,965

+

136

Other capital accounts

76,523

Capital paid in
Surplus (Section 7)

157,878

-

Total liabilities &

cap.

accts._.

36,713,640

+

+

506

1,080

+ 823,609

—

+

10,218

7,272,370

Ratio of total res. to deposit &
F. R. note liabilities combined

make

55.8%

—

.6%

—

19.3%

indus¬

trial loans




■'(In
;

$74,000,000.

¥

,

in New

York City,

$73,000,000 in the New York District outside

of New York City and
ber

banks,

$14,000,000 at all reporting mem¬

District.

and increased

Holdings

edness declined

in Chicago

banks,

District.

of

Chicago

$104,000,000 in the

Treasury

certificates

of indebt¬

$39,000,000 in New York City, $19,000,000

District and $52,000,000 at all reporting mem¬
and increased $30,000,000 in the

Holdings of U. S. Government

$102,000,000 in New York

Cleveland

bonds; Increased

City and $69,000,000 at all

reporting member banks, and declined $25,000,000 in the

3,981

488

—

8,531

.

millions' of dollars)

6-7-44

'

.

•

Loans—total——■:

5-31-44

$

$

1'

Loans and investments—total

Loans

Demand
New

York

$74,000,000

deposits

adjusted

increased $319,000,000 in

City, $112,000,000 in the St. Louis

District,

in the Chicago District, $68,000,000

Cleveland District and $671,000,000
ber banks.

U.

to

chasing

+

74

+

24

in the

at all reporting mem¬

S. Government deposits declined in

all

Deposits credited to domestic banks'

dealers

+

565

+

233

+

278

pur¬

696

'+ 747

565

obligations

•—

••'••¥'

obligations—I—_

—

——'

—

—

1

2,285

—

14

8,834

—

52

—

Treasury notes—

+2,918
+ 2,389

—.

-8

—1,284

2,850

—

28

Cash in vault——i

"2,059

227

+

588

+
,-

—

¥222

539

13

+

—

59

—

1

276

r

deposits-adjusted

——

deposits

-

-

Interbank deposits:

+671

+4,818

6,750

-

-

36,879

+ 45

4,196

—

deposits—

—786

+1,148
—2,867

•

Domestic banks-,

Z

—

8,447
882

Foreign banks—
Borrowings

210

-

,

and

+1,924

3*
69*

,.

Reserve with Federal Reserve Banks—9,282

Balances with domestic banks—

—3,061

+

Obligations guaranteed by U. S.-Government
—.

79
20
3

+

7,097
18,203

Other securities—--——--.

+

110

608

<

—

U. S. bonds——-—

demand

+

53

Treasury certificates of indebtedness

U. S. Government

+
—

7)
,2
2

—1,325

—

■'

7)

—

;■—

—

Loans to banks

Treasury bills—

273
303

1,071

-

Other securities—

Other loans.

5)

f

I

U.S. Government
Real estate loans—

deposit accounts eXcept
U.

S.

during week

increased in all

for

Other loans for purchasing or carrying:

to

.

v

carrying:

or

interbank

districts.

and

U. S. Government

Debits

+3,224

44

+

industrial, and agricultural

brokers

Liabilities—

6-9-43

$

50,032

—,-.,10,155

——

Other securities—

Demand

San Francisco District.

declined
¥/ '

Increase ( + ) or '
»Decrease (—) Since

<

.

Assets—

Time

Capital Accounts-

¥¥>•• ^

posit accounts follows:

securities in¬

Holdings of Treasury bills declined $96,000,000

+1,203,639

—108,476

153,626

*

of the principal assets and liabilities of

summary,

Commercial,

deposits.

*

.

loans—--—r———5.87Q

ber

Member bank—reserve

•

reporting member'banks and! bf debits to demand de¬

$671,000,000 in

16,363

—

A
'

'

$222,000,000 in reserve

Banks,

deposits adjusted and $301,000,000 in deposits

Government

$64,000,000.

the

credited to domestic banks and a decrease of $786,000,000

creased

Liabilities—

to

the

111,952

—

71,369

Total assets

Commitments

shows

Reserve

securities'

(incl. guar, sec,)——,
Total loans and

Federal

the

—1,295,108

U. S. Govt, securities:
Bills

cities

of

—1,525,639

June 7, '44

'44

$

certificates on hand and

weekly reporting member

The condition statement of

Reserve Banks Combined

districts except the St. Louis District where they
:

''■May 31 figures revised

Gov't

accounts,
.

+301

—

429

14

+

119

V+ .22
* '
*

+

189

—

...

11,582

(St. Louis District).

'

• '

i

Volume 159

Number 4291

THE COMMERCIAL & FINANCIAL CHRONICLE

The

2559

Capital Flotations In The United States During The Month Of May
And For The Five Months Of The Calendar Year 1944

The month of

May, 1944, witnessed the largest aggre¬
gate of corporate issues either publicly offered or placed
privately for any month since August, 1941.; The May
total footed up $216,707,162 and compares with $181,100,006 in April, last,, and $401,829,900 in August, 1941.
The, sharp increase in the months total may be ascribed
to the private placements of several large issues, notably
$50,000,000 of bonds of Republic Steel Corp., $40,000,000
of securities of Chicago, Burlington & Quincy RR. and
$20,000,000 of notes of the Pennsylvania Co., proceeds
of which were used for refunding outstanding obliga¬
tions.
The month's total of stock issues was $33,854,162,
representing proceeds of 12 separate issues, as compared
with 17 issues aggregating $107,108,006 -in April and
eight issues totaling $35,980,455 in March. Of the total
corporate financing of $216,707,162 for May, $32,615,868
or 15.1 % was for new money and
$184,091,294, or 84.9%
for refunding purposes.
In this respect,'the financing
for May follows the pattern of preceding months.
:
Private corporate financing for May made an impressive showing, the total reaching $125,254,675, comprising
twelve issues and represents 57.8% of the total of all
financing. This- compares with $29,195,000, or 16.2% of
the April total, $47,310,000 or 31.7% of the total reported
in March, $82,000,000 or 51.6% of February's total and
$8,500,000 or 5.3% of January's flotations.-' ;.
;
The principal; issues in May were the $50,000,000 first
mtge. sinking fuhd 3%s; bf Republic Steel Corp., $30,000,000 collateral 3%s aiid $10,000,000 14/4% serial notes
of the Chicago/ Burlington & Quincy RR., $20,000,000
3Vg% sinking fund notes of the Pennsylvania Co., $23,000,000 1st and ref. 3s of Virginia Electric & Power Co.,
$9,000,000 1st mtge. 3s, and 30,000 shares of 4% preferred

stock of New Jersey Power &
1st

SUMMARY

OF

CORPORATE

FIGURES

BY

Type of

Mar

1

day Treas. bills

74,540,500
93,048,500
3,743,211,000

Mar,

Depositary

Bonds-

Tax Antic'n Notes-

time to

37,825,000

Total

Apr
Apr

for

6

13

Mar 22

1

8,942,885,000

1,007,677,000

1,007,677,000

1,014,423,000
1,013,435,000
1,013,541,000

1,000,234,000
1,013,435,000

4,876,511,000

4,876,511,000

AND

1943

738,544,634
14,969,000

Tax Antic'n Notes-

14,969,000

299,749,300

299,749,300

May

4

91

May 11

91 day
91 day

May 18
May 25

9,978,849,934

91

1,206,498,000
1,206,012,000

1,002,280,000
1,005,662,000
1,012,743,000
1,007,677,000

14,826,000
200,836,000
193,269,000

Treas. bills

day Treas. bills
indeb._

1,207,114,000
1,615,057,000

Savings Bds.
Depositary Bonds-

750,630,555
13,244,000

May

1

Certifs.'

1

U.

May

1,067,451,934

1,017,106,000

bills

Treas.

8,911,398,000

bills

day Treas,

May

to

738,544,634

Bonds-

/

May

of

S.

Tax Antic'n Notes-

Total

for

199.437,000

1,615,057,000
750,630,555
13,244,000

-

145,128,400

May-——-

145,128,400

7,160,789,955

'5,643,419,000

''
>

"

—W

»"■*■""" -""1,111

■

■

1,517,370,955
i.i

i

..hi

»

■

{

Total

for

five

months—

54,304,638,963 33,656,787,000 20,647,851,963

additional private financing

(Revised

14,189,000

1,013,541,000

Depositary

Total for April

♦INTRA-GOVERNMENT FINANCING

brought to light in annual reports and other places.
1943

985,002,684

Apr

we

1944,

238 123, 600
37 825, 000

Apr

$159,854,766.

as

709, 054, 084

9,927,887,684

91 day Treas. bills
91 day Treas. bills
Certifs. of indeb...
U. S. Savings Bds.

Apr 27

Apr

March

91 day Treas. bills
91 day Treas. bills

Apr 20

to refinance at lower interest cost debt

time, particularly

Indebtedness

709,054,084
238,123,600

Mar

present a tabulation of figures since Janu¬
showing the different monthly amounts of
corporate financing as revised to date. Further revisions
of the 1943 figures will undoubtedly be
necessary from

is

1

1,001,105,000
1,000,649,000

Treasury Bonds—
Treasury Bonds
Treasury Notes—
U, S. Savings Bds.

1942,

ary,

'

91

New

■1,011,-344,000
1,016,034,000

day Treas. bills
91 day Treas. bills

1

Mar

previously outstanding, and in addition, both represented
revenue offerings.
As practically all of the larger bor¬
rowings during the month were for refunding purposes,
financing of that character accounted for $138,984,200 of

MONTHS

1,002,953,000
1,011,344,000
1,016,034,000
1,001,105,000
1,000,649,000
74,540,500
93,048,500
3,743,211,000

day Treas. bills
day Treas. bills

Feb:

Bridge Authority and the
District, Neb., the former hav¬
ing marketed a loan of $56,000,000, while the latter
placed an issue of $41,533,000. In each case the purpose

-

1,002,953,000

91

Mar 15

Consumers Public Power

the total sales of

Refunding

Mar 30

tributed by the California Toll

was

Accepted

Feb

$43,000,000 larger than the grand aggregate of
$116,648,264 for the first four months of the current year.
Approximately $100,000,000 of the May total was con¬

Below

91

Mar 23

was

of the issue

91

9

Mar 16

Long-term financing by States and municipalities
during the month of May aggregated $159,854,766, repre¬
senting the largest disposals in any month since Decem¬
ber,
1940, when the output was $202,531,474.
The
exceptionally large volume of borrowings in the recent
month is further emphasized by the fact that the output

;

2

Mar

Total Amount

Security^

Dated

Bond and note issues for the month aggregated $182,853,000 as compared with $73,992,000 in April and $67,370,000 in May, 1943. Stocks issued totaled $33,854,162
as compared with $107,108,006 in April and
$5,994,291 in
May of last year.
'
'

*

,

Light Co., and $12,500,000

mtge. 3s of West Penn Power Co.

'■'■•'.'1944

Issued

Retired

Net Issued

Date)
'

-1944New

Capital

-*1943

Refunding^.*

Total "
$

January

37,773,350

February.;—.—

62,615",780

122,683,000;' 96,146,215

March

45,455,742

103,534,713

:

First

quarter

145,844,872

New Capital

v-v

1

$

2,798,000

y

;

11,330,000

7,517,000
1,865,000

56,943,229

158,761,995
148,990,455

Total

Refunding
;J

:•••••,

160,456,350

January—

-*1942

38,447,228

'

$

New

Capital

Refunding

y.

•7is,»20,126

Notes

85,128,964
18,900,500

39,209,300

56,708,875
79,085,120

158,049,090

118,294,420

322,363,928

468,208,800

.'>71,071,229-

47,829,228

118,900,457

208,714,121

143,238,764

181,100,006

20,784,940

74,902,000

95,686,940

97,114,003

18,527,000

32,615,868

"184,091,294-

216,707,162

28,620,611

44,743,680

103,841,600
76,827,430

5,806,500

61,685,570

109,648,100
138,513,000

277,783,033

86,019,070

363,802,103

-

29,999,425

Six months—

95,812,568

79,404,976

Second quarter

73,364,291
125,811,993

215,458,248

294,863,224

413,763,681

486,497,154

229,257,834

65,579,800

32,719,350

79,311,000
55,165,000

84,754,500
101,714,704
65,040,000

27,509,976

22,403,704

58,600,000

200,055,800

251,509,204

114,555,562

69,173,850

months

201,929,609 :, 463,343,276

665,272,885

298,431,684

October

2,434,300

43,845,700

6,679,000

13,530,876

46,280,000
20,209,876

40,673,226
,

December

Twelve

•

I;.,-

-

'Revised.

f.

'•

—

83,128,500

97,365,272

14,717,010

61,828,990

415,595,246

23,830,310

119,205,566

702,995,786 1,080,868,131

additional

money in May to the Treasury.
By all of its transactions the Treasury raised $7,160,789,955, refunded $5,643,419,000, leaving an additional
working balance of $1,517,370,955.
v
,

UNITED

STATES

TREASURY

FINANCING

Due

Amount

Dated

Due

,

Applied for

Mar 31

Apr

Price

Accepted
$

/•/■',

■

1943
Dec

..-v.

■;

31

Jan

91 days

6

6

91

days

1,997, 811,000

1,007,677,000

99.905

Apr

13

91

days

1,927, 641,000

7

Jan

13

Jan

14

Jan

20

91 days
91 days

21

Jan

27

9i;dhys

1

10-12 yr.

Jan

1-31 Jan

-Jan

1-31 Jan

Jan

i;014,794,000-

1-31 Jan

2,173,694,000
2,273,537,000
2,290,465,000*
1,698,408,259

12 years
2 years

v.

14,690,500

1,216,149,300

■

Yield
%

99,906

*0.373

-•

1,000,234,000'

99.905

*0.374

1,017,180,000

99.905

*0.374

1,015,849,000
99.905
1,698,408,-259 - • a
.14,690,500 100

*0.374
a

91

days,-

2,028, 440,000

99,905

0.375

Apr

21

Apr

27

91

days

2,128, 761,000

1,013,541,000

Mar 22

Apr

1

4,876,511,000

100

Apr 1-30 Apr

1 year
10-12 yrs

4,876 511,000

1

738, 544,634

738,544,634

a

Total

for

Januarys—

14,969,000 100
299,749,300 100

b

Apr 1-30 Apr
Apr 1-30 Apr

12 years

14 969,000

2 years

299

749,300

>

Total for April__

Apr

28

May

May

99.905

28

Feb

3

-Feb

4

Feb

10

tFeb 11

Feb

17

91'days

Feb

24

91 days

Feb

»

18

13

1

Jan Feb

Feb

1

Jan Feb

Feb

1

15 years

Jan Feb

Feb

1

1-29 Feb

1

1 year
10-12 yrs
12 years

Feb

1-29 Feb

Feb

1-29 Feb

Total

for

99.906

1,017,108,000

1,206,498,000
1,206,012,000

99.905
99.905

99.905

*0.375

1,007,481,000

99.905

*0.375

1,920,000,000 100

2V4

3,331,000,000 100

2y4

5,036,000,000

5,036,000,000

a
2,781,474,131
18,349,500 100

,

2 years

18,349,500

1,017,081,700

February..

—

1,017,081,700

0.90 ' !

100

7/a
a

days

2,172,220,000

91

days

2,169,935,000

May 19
Apr 24

May 25

91

days

1,951,360,000
1,615,057,000
750,630,555

,

1,207,114,000
750,630,555

May
May 1-31 May

1
1

May 1-31 May
May 1-31 May

2

.

100

•

Mar

25
3

Mar 10
Mar 17

Mar 24

Mar

2

91 days

Mar

9

91 days
91 days

Mar 16

Lyear
10-12 yrs

i:

12 years
2 years

for ' May—!.;

for

99.905

*0.374

five

months

a

;

Mar 23
Mar 30

13,244,000 100
145,128,400 100

A-1945,

1.92 %

a

year

and series C,

Type of
Security

Jan.

b

91

day Treas. bills

13

91

day Treas. bills

20

91

day Treas. bills
Jan 27 ,91 day Treas.
bills,
Jan
1'' U. S. Savings Eds.
Jan

.

f

^Depositary

Jan.
;

Tax

J£

91

day Treas. bills

10

91

day Treas.

17

91

day Treas.

bills

24

91

day Treas.

bills

,91 days

*0.375

Feb

1

1,976,692,000

,1,001,105,000
1,000,649,000

99.905

91 days

99.905

*0.375

Feb

1

21-26 yrs

74,540,000

.74,540,500, 100

2%

Feb

1

93,048,500

93,048,500 100
3,743,211,000 100

2 J/4

3,743,211,000

Mar 1-31 Mar

12 years

238,123,600

Mar 1-31 Mar

2 years

37,825,000

•

c




Years)

States;

Metropolitan

Mutual
Co.

Insurance

York

Life

of

Co!

,

Chicago
of

Life Insurance Co.; NorthCo.; Mutual Benefit Life
N. J. and New England Mutual

Insurance

Newark,

&

St.

ment trust certificates of

OF FUNDS

Louis

RR.

1%%

serial

equip¬

1944,

due 1945 to 1954. Purpose,
Awarded to
Manufacturers
&

equipment.

Trust, Co.,
Buffalo;
Central
National Bank
and Lincoln Alliance Bank
&
Trust
Co.

1,014,794,000
1,000,234,000
1,017,180,000
1,015,849,000
1,698,408,259

*20,000,000 Pennsylvania

New

Refunding

1,006,933,000

1,000,234,000
1,000,766,000
1,008,065,000

notes

;

7,861,000

•

1,003, 742,000
1,005, 560,000
1,012, 222,000
1,007, 481,000

1,002,630,000
1,004,665,000
1,001,415,000
1,007,481,000
2,126,896,000

Treasury
Treasury

bills

Notes—

Bonds__„
Treasury Bonds.

2,126, 896,000
1,920, 000,000
3,331, 000,000
5,036 000,000

r

-

placed

privately

$53,738,000
.

sinking

fund

secured

LL,

due

(receiver's)

equipment trust

semi-annually

t®.4.952.

Pur¬

equipment.
Purchased from RFC at
a yield of approximately
1.85%, and
by Hallgarten & Co.

•

PUBLIC UTILITIES

a

$1,500,000 Kansas-Nebraska Natural Gas Co., Inc.
bonds,

construction

1,112,000

int.

895,000

10,807,000

3Ve%

purchase of
103.4729 and int.,

7,784,000

2,961,307,059

25-year

of

of

.

par.

certificates- series
pose,

14,690,500

4,015,998,000

of 99.777,

*1,938,000 Seaboard Air Line Ry, 2%%

1,698,408,259

1,216,149,300

Co.

bid

series

Price,

•

16,~414T6O6

14,690,500

on

B, due June 1, 1969.
Purpose, refunding.
Sold privately to Equitable Life Assurance
Society of the U. S. and Metropolitan Life Insurance Co/

Indebtedness

1,216,149,300

.

Y.

Rochester, N.

4%

series

C,

due

April

and

1st mtge.
1,

extension of lines, etc.
Offered by Central Republic Co.

1959.
Price,

sinking
Purpose,
107 and

9,000,000 New Jersey Power & Light Co. 1st mtge, bonds, 3% series,
due
1974.
Purpose,
refunding.
Price,
104%
and
int.
Offered by The First Boston Corp.;
Blyth & Co., Inc.;
Kidder, Peabody & Co.; F. S. Moseley & Co.; Harris, Hall
& Co. (Inc.); W. C, Langley & Co.; Hornblower & Weeks;
R. W. Pressprich & Co.; G. H. Walker & Co.; Whiting,
„

1,920,000,000
3,331,000,000

Feb

1

Certifs.

l'/a

Feb

1

U.

Feb

S. Savings Bds.
Depositary Bonds-

2,781, 474,131

a

18, 349,500

238,123,600 100

2

Feb

18,349,500

Tax

1,017, 081,700

37,825,000 100

b

1,017,081,700

709,054,084

a

Total

March

Life

*1,800,000 New

fund

3

Feb

..^709,054,084

United

western

Insurance

Traders

6,977,305,059

Feb

15-16 yrs

and

*$30,000,000 Chicago Burlington & Quincy RR. 3 V2 % collateral trust
bonds, due Dec. 1, 1969.
Purpose, refunding. Price, par.
Sold privately to Equitable Life Assurance
Society of the

;

Total'for January

Feb

10-.12 yrs

for

Notes

*0.375

4V2 years

Total

Bonds-

Antic'n

l'UU,\

*0.375.

1

1

6

Jan

Jan

*0.375

Mar 15

Corporation,

RAILROADS

'

purchase

$

99.905

Feb

Five

/■,

about 1.07%,

Accepted

99.905

2

Deposit Insurance
Savings & Loan Insurance Corporation.

*

Total Amount

1,016,034,000

2

Mar 1-31 Mar

Retirement

b

of separate issues,'designated Treasury notes of tax series
series. C-1945, series C-1946 and series C-1947.
Series A earn

1,011,344,000

Mar

ucvwucates

During May, 1944

2

b Comprised

■1,002,953,000

Mar

1

uuucs,

Long-Term Bonds and Notes (Issues Maturing Later Than

a

—54,304,638,963

2,450,653,000

Feb

1,418,527,000

.BUu

Unemployed Trust Fund,
Age and Survivors Insurance Trust Account,
Fund,
Foreign Service
Retirement
Fund,

Details Of New Capital Flotations

*0.375

20,259,806,331
99.905

186,463,000

1,604,990,000 J.

special

we give complete details of the
capital flota¬
during May, including every issue of any kind
brought out in that month.

7,160,789,955

__

2,151,449,000

2

Service

1,615,057,000 100

13,244,000

145,128,400

2,094,959,000
2,116,736,000

Mar

of

tions

'Average rate on a bank discount basis, a Comprised of three sepa¬
rate series, of which series E have
10-year maturity, are sold on a
discount basis at 75, and yield 2.90%; series F have a
12-year matur¬
ity, are sold on a discount basis, at 74, and yield 2.53 %; and series G
have a 12-year
maturity, -are sold at 100, and bear 2%% interest,

•

,

!

months

*0.375

91

May 18

Feb
Feb

five

*0.375

99.905

May 11

*0.374

1,005,560,000
1,012,222,000

*;■

424,277,000

Below

2

9.978,849,934

*0.374

99.905

;

11,245,000

Cleveland

1,003,742,000

2,781,474,131

for

Federal

Ye

2,149,729,000

5

6,977,305,059

2,126,896,000 ioo

Total

.

1,920,000,000
3,331,000,000

ipos.

144,477,000

435,522,000

May

b

1,?78,929,000
2,126,896,000!

26 years

Feb

24

2,459,243,000
2,551,503,000
2,314,407,000

91days

-.

Feb

Jan

,

■—

91 days

279,800,000

Canal Zone Retirement Fund, Alaska Railroad
Retirement Fund, Postal
Savings System, Government Life: Insurance Fund, National Service
Life
Insurance
Fund,
Federal

0.375

91 days

4

May 12

Dated
Jan

200,000

11,045,000

a

USE

s

190,656,000

-

about

2

1,216,149,300 100

12,368,000

155,522,000
for

Civil

*0.375

20

1,014,423,000
1,013,435,000

99.905

Apr

1944

Price

27,700,000

162,956,000

203,024,000

'Comprise sales

*0.375

7

14

Total

,.

--

:Jan

Jan

;

2,255,535,000

"

1944

,

300,000

12,068,000

.sold to. Adjusted Service Certificates Fund
and
and notes to Federal Old

W

Apr

'

280,000,000

Yield

Apr

Amount

.Accepted

28,000,000

175,024,000

417.637,250 1,042,520,276

$

/

v;-■'

$

338,971,000

May-

"

Date
Offered

11,210,000

Total'for April-

Amount

Applied for

.,.v»

Total

DURING

350,181,000

•;/?

— -

Total

624,883,026

<:

Amount

Dated
>•

able to obtain

Our customary tabulations follow:

38,850,000
300,121,000

260,925,000

April—

Notes

/

$608,368,000 more than the maturing bill issues in May.
The usual sales of United; States War Savings bonds,
tax anticipation notes and depositary bonds brought in
some

150,000
11,060,000

Notes

Date

Offered

exchange for Treasury certificates of Series ;C-1944,
maturing May 1, 1944, did no special financing. Of these
certificates $1,615,057,000 out of a total of $1,655,203,000
outstanding, were exchanged.
!
The Treasury with the issue of Treasury bills dated
May 11, raised its weekly bill offerings $200,000,000 to
way was

39,000,000
311,181,000

143,035,876

The Treasury in May/ outside of offeringr % % Treas¬
ury certificates
of : indebtedness 'of Series D-1945 in

$1,200,000,000 weekly and in this

295,123,000

76,546,000

239,652,510

Treasury Financing in May

i

127,335,693
190,894,281

.

377,872,345

—

.

pr/'-'7.

■

'

/■

601,052,716

>

14,236,772

1

111,676,000

:.

58,882,086

175,942,736

months

34,198,000

406,799,000

Certificates

69,861,543

.—

Fourth quarter

111,601,000

February—

for

75,000

145,799,000

t

86,662,467

121,032,738

—.

November—

261,000,000

Certificates

899,484,400

51,453,404

.—

Total

183,729,412

9,875,000

169,500,000

;

Notes

60,229,326
64,618,000

28,445,586

6,018,000
30,436,500

—;

■•

v.

715,754,988

Third quarter—.—
Nine

39,964,000

71,502,000
97,998,000

March—*

263,287,476

September

/

1

Notes

150,476,205
19,174,700

August

209,464,000

January

Certificates

115,641,003

-

17,898,000
22,066,000

—

February— /

351,952,885

107,635,665

.—.

89,400,000
120,064,000

,—

——

Total for

75,609,375

73,464,341

—-

April

Certificates

Total

$

10,315,000
-13,195,000
95,390,457

9,927,887,684

for

of

Antic'n

indeb._

Notes-

February—

20,259,806,331

5,036,000,000
2,781,474,131

6,143,087,000 14,116,719,331

Weeks

&

series

Price,

Stubbs, Inc. and Wisconsin

Company.

& Power Co. Jlst & ref. mtge. bonds,
3%, due April 1, 1974.
Purpose, refunding.
103 V* and int. Offered by Stone & Webster and

23,000,000 Virginia

Electric

D

(Continued on page 2562)

n

o

H

s

W

o

>

>

o

o

w

o

o

r
o

s-

c

3

25
55

tr1

8

t—i

<T>

t-H

I—1

VO

Cn

ts>

-t

173,09 430 28,150 50,67852

-1940

Total 19,40 0 1,50 , 0 75,0 0 4,350, 0 3724O756

83,103 25,10 20,9 490

9,607,430

163,490

$

Total

Refundi g 1,50,0 75,0 0 4,350, 0 2,960,30

3',0V,0 29,158362

Refundig 83,10 _

NCaepiwtl $$. 279,7,6020 • _ 9,'60743
54,50

$

Total

35,4 80 2,875,0

54,50

5,40 36,5860

60,94 67 2,875,0

$

Capit l

New

Total

9,3150 9716,0

$

1259,83670

1268963790,8,,707421133 241119082055,,,,996672988
28,30 0 73,86 975

Refundi g 16,75 32 35,4780

-194

Total

109,64810 41,5 0 30,7980

Capit l

Capitl

New

Total

$

2,7150 2,94357

94,1250 9,7160

$

15742,394,791028,5026192 FTSIUSTOCHNNAOOGRIHPREREEUADFWPI
FILNFOAAOGMFUCCOVRRERGPMNEPLDIGNATT,, GtFOovbeflhidgrranabSfmogmuatunosicnnp.lyetdyiedss
-1943

Refundig 42,350 2,39 680

""

63,5140

38,21980 36,7150 142,65 80 5,0,0 10,2950 5,0 ,0 2,875,0 50, 0 250, 0 7,850, 0 260,97 30

35,4 80

35,4 80 138, 1 0 4,0 0 2,170,32 2,8756 4,60 0 4,175,0 197,0213

54,50

54,50

.

'

35,4 80 2,875,0

'

2,8750

2,875,0 36,7150 3,750 1,0 0 7,95 17 5,0 0 5,40.0 250, 0 3765,0 63,8741

4,73680 4,036 0 24,8123

4,750, 0

4,96 0

9,716, 0

4,750

12,0 0 94,1250

Capitl 1725,0 21,0 0 50, 0

21,50 25,96 0 50, 0 531,50 12,0 0 109,64810
531,50

5,27 0

5,806,50

$

9,716 0

4,96,0

15,87 0 25,96 0 50, 0

New

73,64291 47,85,0 36,47362

$

531,50

Refundi g 5725,6

-1942

103,846

67,30 5,94,291

54,50

54,50

i674~o"756 21,0 0 50, 0 531,50 12,0 0 9,3150

$

Total

FiUSECpdtnaomlcesf.yMYOEIVANRTHS
TMFOYHEINAVRS
$

250, 0
36,7150 3,750 1,0,0 5,02967 5,0 ,0 574"ob75 3765, 60,94 67

89,27130 J;•

83,103

New

5,80650 38,0 7,854 21 52,46102

5,80650
-1942 Refundi g
$

"

Refundi g 10375 5 4,0,0 2,170,32 27856 '0,64 4,1750 16,75 32
$

173,094

1-

$

-194

-

3,51 406 9,607,430 C-7" " -,7\ 19,40

6,094 2

60, 0 79,6 70

250, 0
36,7150 107,320 5,0,0 7,20,0 5,0 ,0 2,875,0 50, 0 7850, 5 2 ,702

$

4,350, 0 27960,3

6794,02 "2:779, 06

1.50 , 75,0 0,

vJV.'v

New

63,51 406

000 00O

83,103

279,70

Capit l'$ ■ 19,40

3,740 10,52 65

$

163,490

$

-1940

3,51 406 9,607,430 19,40 0 1,50,0 75,0 0 10,4 024 3,240, 0

6,094,024

60, 0

$

;

14,0 0 38,0 0 520, 0 1,"7506 57160,60

67,30

-1943

Refundig 38,0 0 1,2507 0 57l0 ,0

42,350

2,39 680

520, 0

25,0 0

50 ,0

5,49 ,291

3,10 61

Total

$

$
:

5,9 4,291 14,0 0 38,0 0 "5207656 17^24 91 57i0 ,0 0
2,39 ,680

5,806,50

12,0 0 103,8460
50 .0 0

38,0 0 3,643,680 57lO .O O

73,64291
4,73680

.

Capitl

$

25,0 0 3,60 1

28,60 1 3,490 1,65940

170,853 0 12,0 0 25.947,50 7,906 2

216,70162 19,50 32,8750 159,8476

New

Total

$

-194 Refundi g 158, 7961 10, 0 14,860
$

Capitl

OSUMFARY

$

351,675

184,0924 9,150 32,8750 138,9420
•

1,973 81 2,0 ,0 1,08750 7,54987

Capitl

io75" o

50 ,0

"50 ,0 3,60 ,61 14,0 0 ~"52b70 13,60 1

28,60 1

New

Total

53,780 46,0 0 53,0 3,10,0 57850, 0 100,"605", 170,853 0 10, 0

$

1
t.

12,0 0 3,620,452 28,3953

1,90475" 3,854162 63,780 49.620,45 53,0 3,42953 57850", 0 12,569175 216,70162

10, 0 3,0 ,0 1,2850

2,0 0

926, 75

.

1,2 019 3,850
-194 Refundi g $ 50. ,0 4 ,50 50, 0
..

365,1049 ACHANRDTE Capitl

32,61586 20,87 56 53,486 34

New

14,0 0

$

00

7408",
6
9

158,7961 10, 0

15,21675 60, 0 47,50 50, .0 12,406 19 57850, 0 10,3527 184,0924
>-Y

$

1,256,40 1,973 81

3,78,0 1,50,0 3,50,0 1,978,91

2,0 0

620,452

2,0 ,0

97 ,50

17,04 53

18,642 87 3,78,0 2,10452 3,50 0 21,03516

2, 3 ,90 32,6158

New

note_s notes. notes. agencis-&.t_,Posein£ include Notes- etc- manufres—. manufctrig , hoeldticng., Not etc. manufres—_ manufctrig . —holdin.egtc, etc. manufctrig-

metc. anufctrig- hoeldticn.g, —
hoeldticn.g,

OFMAY
OFMAY
LBonogan-Tdersm Railro:ads util es. sccotoepaellr,,,Equipment aacensordi indausntrdl — bueitldc.n—gs, _ Itntrvraeusdtsminng,,Miscelano.us SBhooarnt-Tdesm R:ailroiads util es cscotopeaelrl,,, Equipment aacensordi inadunstrdl bueildtcngs, — Itntrvraeudstsmingn,, Miscelan—ous Railroads utiles- cscotopeaerll,,, Equmainpufmtent aacesnorid- inadunstrdl beuitldc.n_gs, :_ tItrnraveudstsimngn,, Miscelano—us Railroads util es- sccotopeale,lr,, Equmaipnumftent aacensordi indausntrdl bueildtncgs, : Ittnrrvaeusdtsminng,,Miscelanous sceocrupritate
D—oCrp ate omestic- Lbonogan-tnedrmds Prefstrocekd. stock Lbonogan-tendrmsdShort-em_. Prefstorcekd. stock foreign- Lbonogan-tendrmdsShort-em Prefstorcekd. stock_ corp at.e_CGaonverdnmiant foregoviegrnmnt LGoaavnnd, Municpal—-Stes,Staes to al fdignuoroest
Short-em.

MONTH

Com on

*



4

Com on Other

Com on

Grand

Total

Other Farm

*

United

MONTH

•These

Total

Public Iron, Motors Other Land, Rub er Ship ing
Oil

Total

Public Iron, Motors Other Land, Rub er Ship ing
Oil

Stocks-

Total

Total

Public Iron, Motors Other — Land, Rub er Ship ing
Oil

Public Iron, Motors Other Land, Rub■er Ship ng
Oil

Total

•

125,870 46,0 84 1,625,0

617,162
Refundi g 624,35 1 3,0 ,0 10,329 08
$

-1940

Capitl

$

729,70
10, 0 10, 0 1,85902 58 ,0 57O9476O 24,815 2 1,40,0 1,0 0 2,40352 6,15743 36,25 398 51,038 26 1,40, 0 47094760 30,62 82 1,80 0 1,40,0 1,0 ,0 1,350, 0 15,78602

5,0,0 9 0, 0 7,0 ,0

204,50

21,850 35,4 50 92,6 395 42,7541

9 0, 0
Refundi g 62,08 0 460,71 0 62,40 0 3,498,0 357 ~,593 74,2 0 2,76 50 4,60 0 50,28 95 816,2 98 5,0,0 7,0 ,0

150, 0

5,241,965 18, 1965

4,0 ,0 785,120 519,64021 850, 0

Total

540, 0
-194 Refundi g 816,2 98 18, 1965 86, 3 25

20,5 312 16, 253 ,4169820 10,543612

$

New

421,875

•„ $ 8.04598 ,162 05
480,6120

Total

T"71

291752,829758,44,55761013629083

$

New

4,0 ,0 14,52 0 257,38513

$

36,25 398 39,1789 5 ,0 5,705,0 1,80 0 729,70 1,350 83, 207
250, 0
159,3480 532,160 68,50 0 3,4980' 4792",65 85,170 23,1950 50, 0 69,"750

$

-194

670,4 0 26,3508 850,

Capit l

270,3 0 30,1602

Total

'•

$

New

'•

13,92 67 10,9470 137,45602 67,30458 216,0 0 1730675 42,37162 10, 0 5,315,30 49,3057

67,5128 1,306 0 19,6712

10 ,0

Capit l

$

3,0 ,0 3,0 0

Refundi g 137,45602 19,753 0 216,0 0 23,07 0 10, 0 5,315,30 32,467930 624,35 1

1,036740 35,450 128,3452 1,083612

$i-

13,0 0 13,0 0 79,4103 58 ,0 STlO ^O 43,98 04 1,40 0 1,0 ,0 36,2751 168,04513 174,0 318,42610 217,40 574~Oo76 72,85 04 21,80 0 6,045 0 1,40 0 1,0 ,0 1,350, 0 165,7159

10 ,0

174,0 238,9 0 216,5 0 28,750 21,80 6,045 0 1,350 15,80 803, 0

$

-1940

14,90 237,162 1,625,0

'

Capitl

1,06987 Staes.

Total

178,9561 10, 0 23,4682 42,73061

$

New

Total

1,57809617

10,9870 28,90358

803, 0 13,0 0 124,75690 43, 7923

$

11,70836,97564

54,50

97,340 71,450 6,10 9,165,207 10,9530 37 ,0 5,40,0 250, 0 19,521 05 20,5231

$

.

139,487

84,63 5 2,54 670

16,08 35

87,16325 67,508 0 546,3 5 69,40 0 3,498,0 38,470263 74,2 0 2,76 50 4,60 0 5,47086

4,8 0,327 52,4182 97,340 79,08740 6,10 , 0 48,9524 10,9530 37 ,0 5,40 , 0 250, 0 41709,467

39,72 45

:•

19,30 184,350 2,0 0 3,0 0 153790^6 9,0 0 3,52,0 "95706 15,60 480,612 0

250, 0
164,8 0 625,41395 75,0 0 3,498,0 87,42 715 85,170 23,1950 50, 0 967480^327

4,8 0,327

29,5 790 48,2130 15,0 0 2,53,20 921,875 96,29 8 19,30 0 214.09,70 2,0 ,0 3,0 ,0 20,Tl3760 14,0 3,52,0 9576 6 2,53,20 16,57 85
"

-

2279151858,67494,40930602
E251254,370569988,3769.00,4821■46;tFCEMNiGPUBdeha^orapoumnIivdngletbvacslrtgcwunffdscky.MTFYFOS53UNNIHOAADVI1RERSD
EMFTF5YAM3INOUIHANDAVC1RRPDSGL
-1942

Refundig 164, 9 40

3.402,84

421,875

Capitl 316,42560 84.63084 8,16205

247,3680 12,0 0 1^.602,40 13,7128

$

-1943

2, 50, 0

409,6 724 69,30 210,654

Capit l

Total

90,82372 12,0 0 4.065,40 1,37608 2,50, 0

$

New

120,47680 10,390 104,82307

351,675
Refundi g 42,90 4 10,75 0 152,079 18 26,0 0

Capitl 134,9506 2,0 ,0 84.96,082 30,193

251,9 081 75,268590

$

New

SOUMFARY

$

New

614,0987 21,035 149,6207 201,34 0

$

194 -

-

$

316,4250

39,60 123,750 3,250, 0 520, 0 73,60 0 4,95,0 2,05,0 1,793,0 249,6180

193,38267,01247 fbSraamotounicpieynldtseys

Total

$

29,60 1,07 0 3,250, 0 520, 0 46,372 150,0 2,05 0

ACHANRDTE

13,78624 19,476140 12,650 1,7320

19,30 80,3561 2,0 0 3,0 0 182,63 10,37450 1,80 0 "6 76 6 2,53 20 16,578

468,795 50 ,0 0

26,3 ,68 39,60 125,8240 3,250, 0 520, 0 108,62493 4,95,0 2,518,795 2,93,-0

12,0 0 2,102,40 23,62493

12,0 ,0

93,27164

10,93 680 10, 0 12,6790 38,157908 4785,0 1,793,0

10,93 680

468,795 50 ,0

15,403 8 29,60 13,7 40 3,250, 0 520, 0 70 4758 "150,60 2.518,795

50 ,0

12,0 0

750, 0
105,370 270, 0 57,40 35,80 40,50 18,9650 57,650 58, 50 10, 0

12,0 0 2,102,40 12,3183

2,0 ,0

93,07 2

12,750 30,79 452 17,29 41 10,3890 45,06 0 l6,T89175 267,410968 15,370 301,74.52 57,40 0 209. 2,41 50,8 90 18,9650 45,0 0 67,854175

750, 0
Refundi g 76,0 0 267,80 50,4 0 6,27934 187965,0 31,465 0 450,9 4 10, 0

10,75 0 24,05 0 80,354218 45,o67oO 3,0267 5

$

-194

3,402,8 4

26,5 96 48,2130 15,0 0 2,53 20 921,875

19,30 53,79 20 2,0 ,0 3,0 0 13472,860 86,37450 1,80 0 "95,6 5 i576o 6

Refundi g 10, 0 12,6790 27, 28 4785,0 1,793,0 156,4 28

Capit l

86.015,968 *21,035 149,620^ 276,503

■

3,40284

164, 940

$

-1943

OCGNISOTRREPNUHUFPWEAI
CFGFLOOAVRREPERNIGMANTT,,
12,750 30,6 8 26,0 0
$ 5 9,8 0 237,04 3 0

Total

$
'

New

167,4 908 90, 0 192,05l7 0 10,4 23

Refundi g 156,4 28

Capitl

167,524

8753?,0 2,39,680

$

Refundi g 130^ 580 19,476140 12,65 0 1,7320
$

-1942

287,95168 90, 0 20,36 0 215,6304

New

Total

201, 0 89,405

Capit l 29,3750 2,40 0 7,0 ,0 29,506 40,50 26,1940 134,9506

2,0 ,0

$

2,0 0

6,740 52

New

7,16250

90,382 10,3890

86,0 . 0 29.60 50,4 0 86,3 612 187965, 45,0 0 34,9275

152,43089

14,98075 29,3750 9,140 52 7,0 ,0 12.458,29 50,890

811266610274,4,,804959898570

3,6190 251,9 081

EM3NAD1Y boannodte.ds—s : stock-—!: sto—ck £'<c--li.b^oannoteds—s., —-.2^! stoc—k 1stock—-.foreign—- bonanontdedss-. stock stock corpate-:Governmt forgeoveirgnmntGaavncdie,s&♦Municptal—-Ste,s,SPostaeeins iffdnuignculodoresest ME3NAD1Y NBootaensd-s L— utiles eccootp—alr,, ma:nufces ori. inmdaaunnsuftrcdtrlig — bueildtncgs, — — thtrroeaulddtsciin.g,,Miscelanous NBootaensd-s utile.s eccotopalr,, manufces ori- indmaaunufsncttrridg-l — bueiltdcn.gs, —. httreorauldtcsing,,Miscel:anous utiles. eccotopa.l,, manufctres or indamaunufsncttrigd:.l bueticl.d—n—gs,1: :—thrtoaerulddtsciinn.g,,M;is—celan—-ous utiles- eccoopa.l,, manufctres-! oi inmdaanuufsncttrridg-l bueiltdc—ngs, ; httrroeaulddtsciinngg,,,Miscelan.-—ou: sceocurprita—te
MONTHS Corpate- Domestic— Long-term Short-em Prefred Com on Candian Long-term Short-em Pref red Com on Long-term Short-em Pref red Com on Candian Loan toal ♦Thes MONTHS Long-Term Railrods Equipment Maotnrds
ste l,
5




Other

Grand

Total

Other Farm United

5

Public Iron,

Other — Land, Rub er
Oil

Ship ing Investmn

Total

Short-Tem Railrods Public ste l, Equipment Maontodrs
Iron,

Other Land, Rub er
Oil

Ship ing Investmn

Total

Stocks-

Railroads Public Irsoten,l, Equipment Maotnrds Other

Oil

Land, Rub er

Ship ng Investmn

_

Total

Total-

Railrods Public Irsoten,l, Equipment Maontdrs Other

OiL

Land, Rub er

Ship —ng Investmn

Total

2

■£

THE COMMERCIAL & FINANCIAL CHRONICLE

2562

Boston
F.

Capital Flotations

&

(Continued from page 2559)
&

Inc.;
Inc.;

Co.,

Loughridge

&

Purpose,

&

pansion.

1

&

Life

Mutual

&

Equitable Life Assurance

Murch

bonds,

•;

&

&

Co.

100,000 shares of $4.50 preferred
Purpose, retire ^promissory

Corp.

par).

(no

ing tenders, and the page number gives the location in
which the details were given in the "Chronicle."

(no

;

&

-

*

Products, Inc.

7%

H.

*$3,000,000 Fifty-Sixth

preferred

Life

850,000

Insurance

Temple

serial

$52,500 American

common

of

shares

1st

bonds,

mtge.. (2V2, 2%, 3, 3(4,
1, 1945 to May 1, 1959.

ref.

&

May

due

dividend

common

share

1

of

B

common

stock

•Company and
Alabama Gas

Allied

Noel &

stock

mon

MISCELLANEOUS

Detroit
due

int.

Placed,

Insurance

*1,000,000 Gamble

trust

&

sinking fund loan.
Purpose,
Placed
privately
with
Mutual

York,

New

Sachs

Goldman,

through

1,500.000
^

Co.

Kline

500,000

Co.,

due

ing

1,

capital,

$100

City 5 % sinking fund notes,
refunding ($243,600), work¬
post-war
expenses,
etc.
($256,400).
Price,
Offered by Illinois Securities Co.

Brothers

March

and

int.

Co.,
1954.

N.

Y.

Purpose,

class

A

shares

50,000

stock

of

class

$1)

(par

cents).

(par-5

stock

of
and

at

50,000

working

Offered- in units
$2

unit

per

Eastern

by

due

and

Notes

Including

Up

(Issues

Maturing
Years)
;

Five

(par

$1).

refunding.

Purpose,

Price.

$13.50

*$10,000,000 Chicago Burlington

Legg

& Co.

:

5%

trust

due

1%%

serial

Credit

Intermediate

and

bankers

associated

with

it

at

Kansas

Banks

par.

AND

dated June 1, 1944, due Dec. 1,
0.90%
consolidated debentures, dated
March 1, 1945.
Purpose, refunding.
Offered by Charles R. Dunn, fiscal agents,

*$2,000,000 Automatic Electric Co. 3%
3-year debentures,
1, 1947.
Purpose, provide funds for post-war
and

reconversion.

Placed

privately.

•'

■

due Feb.
financing

4,165,451

:

STOCKS
ferred

stocks
stocks

computed

of
of

stated

a

value

par

taken at

are

par value and all classes of
at their offering prices.)
no

while

par,

pre¬

stock

common

are

PUBLIC UTILITIES

$210,000 Kansas-Nebraska
$5

cumulative

struction

and

share

plus

coln,

Neb.;

Harold
Trust

410,452

Natural

Gas

preferred

Co., Inc. 2,000 shares of
stock (no par).- Purpose, con¬

extension

of

divs.

Offered by

of

for

The

(par $5).

Gas

Co.

Purnose.

Price,

$6.50

construction

share

per

to

to

First

to

Neb.;

Pierce

&

Trust

Cole
Co.;

and

Co.

&

of

Co.;

United

per

Lin¬

Belden,

Lincoln,

i

of

&

Co.;

Abilene,

Kans.

Gas

July

1

2418

Corp., prior lien 6s. ser. A. due' 1958—July
York Power & Light Corp., 1st mtge. 33/4S due 1964_July

1
1

2235

1

2420

preferred

Price,

$101.50

stock

per

Co.;
and

(par

share




and

$100).
div.

cumu¬
Purpose,
refunding.
Offered by The First

Coi.

1966

'mortgage

ist

:

5s due

12,000
per

shares
share.

it*-/'1

dated 1915

July

1

2308

July

1

2420

1

2420

1

2308

1
1

2309

1

2310

mtge. & 1st lien 3%

bonds, series C, due 1962

stock

preferred

Pressed Steel

collateral trust bonds due 1961_July
Co., Inc., 5% debentures due 1951—July

Car

(Jacob),

Ruppert

5%

debentures due

1950

July

shares of com¬
share. Offered

Cook
%

&

Coolidge & Co.; Reinholdt & Gardner; G. H. Walker'&
Kebbon, McCormick & Co.; Piper; Jaffray & Hopwood; Mitchum, Tully & Co.; Farwell, Chapman & Co.;
Daniel F. Rie^ke & Co.; Cruttenden & Co.; Riter & Co.
Co.;

and

Bacon,

Whipple &

Co.

Casualty Co. 29,654 shares of common stock.
Price, $8(4 per share.
Offered by Blyth & Co., Inc.

244,645 Maryland

2309

2456

5%

preferred stock_:______C—' V
i:
Schenlev Distillers Corp.. 5'4%
preferred stock__"—__Jun 30
Scovill Mfg. Co., 3(4% debentures due 1950
July 1
Shell Union Oil Corp,, 2%% debentures due lS54j._____July
1
Socony-Vacuum Oil Co., Inc., 27/s% debs, due 1955
July 1
Stores; Inc.,

Safeway

Hecht

& Company; Hornblower & Weeks; Newhard,
Co.; Auchincloss, Parker & Redpath; McDonald-

1767

Philadelphia Co., 4(4%

a'■

stock

July

.

of capital stock
Originated with

Co. 191,515 shares of common stock, (par
$15).
Price,
$21.75 per
share.
Offered by Goldman,
Sachs & Co.; Arnold and S. Bleichroeder, Inc.; Auchin¬
closs, Parker & Redpath; Baker, Watts & Co.;
A. G.
Becker & Co.; Blyth & Co., Inc.; Alex. Brown & Sons;
Frank B. Cahn & Co.; Ferris, Exnicios & Co., Inc.; The
First Boston Corp.; .Folger,.Nolan & Co., Inc.; Goodwyn
& Olds; Hallgarten & Co.; Hemphill, Noyes & Co.; W. E.
Hutton & Co.; Johnston, Lemon & Co.; Robert C. Jones
&
Co.; Kebbon, McCormick & Co.; Kidder, Peabody &
Co.; Lee Higginson Corp.; Lehman Brothers; Mackall &
Coe; Mackubin; Legg & Co.; Merrill Lynch, Pierce, Fenner
& Beane; Newhard, Cook & Co.; Piper, Jaffray & Hop,wood; Robinson, Rohrbaugh & Lukens; E. H. Rollins.&
Sons; L. F. Rothschild & Co.;. I. M. Simon & Co.; Stein
Bros.
<fc
Boyce;
Stix
&
Co.;
Swiss Ameriqjan Corp.;
Tucker, Anthony & Co. and G. H. Walker & Co.

1947

York Rys;

Dairies^;Inc.,M'st mortgage 6s, due 1949—!
July
Pennsylvania, Ohio & Detroit RR.—
\.v1st & ref. mtge. 3%% bonds, series D, due 1968—_July

.

(The)

1975

2305

'(
bonds due

'Penn

&

Iron Works Corp.
(par
$1).
Price,
$16%
Hemphill, Noyes & Co.

2304

2417

County Gas & Electric Corp.—

5.60%

&

by Shields

by

Inc.

^,000,000 New Jersey Power & Light Co. 30,000 shares of 4%
lative

&

1
30

bonds——j_—__July

2304

1

1st

Representing New Financing
Gas

825,000 McQuay-Norris Manufacturing Co. 50,000
mon
stock
(par $10).
Price, $16.50 per

extension

Rauscher,

2417

2417

Illinois RR., 1st mtge. 4i/as,
Panhandle Eastern Pipe Line Co.^
: ;

Cellucotton Products Co. 10,000 shares of
(no par).
Price, $44% per share. Offered
by Blyth & Co., Inc.

com¬

underwritten

1
1

1

New

New

2304
2304

1

convertible

10-year

2197

lien &
—Aug

1st

(R G.). Inc., preferred stock—
Jun
&
Nashville RR., unified .mtge. 4%
bonds,

Miinising Paper

(par, $10).

common

stockholders, $7
stockholders

Cruttenden

Wood

Co.

and

of

Jun

5
21
1
11
1

due 194S—
___Aug
1st mtge. 3%s due 1969___July

Carolina

South

1st

Electric &

mortgage 3%.%

Standard

5%%

Bleachery

Gas

,

,

2310
2237
2311

,

2311

& Printing Co.—.>■.

mortgage bonds,
mortgage

2456

bonds due. 1973—26
series A,

Terminal RR. -Association
Gen.

Co.—

due

___July

1946

2312

1

of St. Louis—-.-

refunding 4%,

1

bonds,due. 1953_______July

Union Terminal Co.,, 1st mtge. 334s ;due

1967_:_i_!:——Aug

Public Utilities Corp;, coll. . trust bonds— •;' /'" *
series* A, due 1960__
"
July
5%% series B,.due:1960^___;_.-L;_____,_-;:_^__^______July

,

>"-v

1

;

■

*
*

United
•

■

6%

Management;-Corp.^';

Welsbach Engineering
1

;

1

1

bonds,v-<kie'T953bL^i.4i^ii:^rb__July <1.
Willys-Overland Motors,,: Inc., 6%: pfd(" stock, (par $ld)-Aug 1
Wisconsin

Public

Corp.,

ENTIRE

;•>

1st 3 (4s,
ISSUES

due

1971

.

2349

Page

CALLED

.

bonds due 1949_Aug
20-yr. collateral trust convertible 5% bonds due 1950-Aug
American Fork

&

Hoe

debentures,
Autocar

Co.,

Axton-Fisher

2349

1

July

20-yr. collateral trust convertible.5%

American International

1902

2459

Date

Service

Company and Issue—
Alleghany Corp.—

1902

-

Collateral1 trust 5 %-v

455,000 International

common

portion

Harold E.
Trust

shares

58,636

public.
Offered
subscription.
Unsubscribed

Frank

of

&
Co.;
Beecroft, Cole & Co.;
& Co.; Rauscher, Pierce & Co.; United
Abilene, Kans., and Frank and Belden, Inc.

etc.

share

Beecroft,

$105

Trust Co.

Cruttenden

of

stock

lines,

per

etc.Price,

Wood

E.
Co.

Kansas-Nebraska Natural
mon

lines,

The First

Light Co.,

mortgage 3%%

.

(Preferred

2197

__Aug

1954__Aug

New York City Omnibus Corp.—

Electric Co. 15,000 shares of common
Price, $27% per share.
Offered by
Paine, Webber, Jackson & Curtis and Coburn & Middlebrook.
^
W';'
stock

;

2080

1

—July

1st

0.80%

due

1198,000 Bath

MANUFACTURING

1

July

1st mtge. 5s.

Paducah &

414,375 American

99.499.

1860

1861

Ltd., 1st mtge. 5%% bonds; ser. A.July
ser.A & B, due 1947-Jqly

Co.,

&

2302

___July

Luzerne

$14,900,000

Electric Co. 100,000 shares of common
stock
(par $10).
Price, $27.50 per share.
Offered by
Blyth & Co., Inc. and Smith, Barney, & Co.

V

debentures due

Rys.
of Central
America,
6% %, bonds due 1947_i

Power

2414

1
1

1

1st mortgage 6s due 1946_i—July

series B, due I960-

Issues

;

July

:1—^_r

International

Gas

2301
-

July

1957————
debentures due 1950.^.

4V4%

Texas,

Inter City Baking Co.,

refunding

2300

1

International Paper Co., 1st & ref. 5s,

York.

Issues Not

-

OTHER INDUSTRIAL

of

Kansas City

1968

Co., Ltd.— "- r.\

Inc„ 3%%

Co.

2189

bonds,

5%%

mtge.

mortgage bonds due

gen.

2188

bonds, ser. A,

______

Power

Houston Oil

debentures,

1944,

$2,750,000- American

serially

2192

bonds, due 1952

1st

A__—1—

Lakes

Hudson River Day Line,

$17,975,000
1,

Price,

collateral

1
1
1

LeTourneau

1944;

March 1, 1945-Dec. 1, 1949.
Purpose,
refunding.
Awarded through competitive bid¬
ding to First National Bank, New York and 24 banks
notes,

Corp.,

Castings

Hartford Times,

:

■

Quincy RR.

&

2300

July

Steel

series

Sprague-Warner-Kenny Corp. 15,000 shares of 6% cumula¬
tive
preferred
stock
(par
$100). -Purpose,
refunding
($575,000), acquisition, ($925,000).
Price, >$100 and div.
Offered by A. C. Allyn & Co.,
Inc.; Paul H. Davis &
Co.; E. H. Rollins & Sons, Inc.; The.First Trust Co. of
Lincoln, Nebraska; The First Cleveland Corp. and Wheelock & Cummins, Inc.
^
■

consolidated

;

1

1857

'

Ry.,-4%%

Emporium Capwell, 1st mtge. 4%

Mackubin,

and

June

-

RAILROADS ''

Co.—

Great

$32,875,000 Federal

to

2188

July

3%% bonds, series E, due 1969——-Aug

1948

General

$10,665,000

and

1
1
1
1

1966

Georgia-Carolina Power Co., 1st mtge. 5s due 1952

New

Bonds

2298

bonds, series F, due 1959_July

Massachusetts Street

Louisville

Peabody & Co.; Lazard Freres & Co.;
Lee Higginson
Corp.; White, Weld & Co. and Dean Witter & Co.

__July 31

,

1934____»___»_

y< % debentures due 1953
July
Daytan Power & Light Co., 1st mtge.3%" bonds due 1970_July
Dominion College of St. Thomas Aquinas and Domini*'
can
Fathers, Province of St. Albert the Great, 1st
mortgage serial bonds dated 1941______^______
July
Dominion Tar & Chemical Co., Ltd., 4%% debs., ser.-A-Aug

20-cent

Purpose;

Farm Loan and Government Agency

par

2409

-.___„_..^_____July
Century Ribbon Mills, Inc., 7% preferred stock—
Sep;
Chicago & Western Indiana RR.—
•
'
1st & ref. mortgage 4%% bonds, series D, due 1962__Sep

Koehring Co.,

(l%-3%) debentures, ma¬
1959.
Purpose, refunding.
and int.
Offered by Glore, Forgan & Co.;
Harriman Ripley & Co., Inc.; Blyth & Co., Inc.; The First
Boston Corp.; Lehman Brothers; Goldman, Sachs & Co.;
Hayden,
Stone
&
Co.;
Hornblower &
Weeks;
Kidder,

Short-Term

,

2185

1
1

Burdines, Inc., preference stock___

$1,904,175

7,500,000 Libby McNeill & Libby serial
turing May
1, 1945-May 1,
Price,

Corp.—

bonds dated

Bethlehem Steel Corp., 3 V4 %

Co.;

Inc.,

Insurance

Service

6%

Bangor Hydro-Electric Co., 1st mtge. 3V4S due

share.
Placed privately by Carl M. Loeb, Rhoades
White, Weld & Co.; Cohu & Torrey;-Auchincloss,
Parker & Redpath; O'Brian, Mitchell & Co.; Kay, Rich¬
ards & Co.;
Kebbon, McCormick & Co.; Stroud & Co.,

3%%

Inc.

developments.

post-war
Life

with

privately

Page

^

bonds due 1951

per

Co.

Stores,

Date
Jun 19

,

,

1st mtge. 4%%

&

1st mtge. 3%s,
Price, par and
Northwestern
Mutual Life

Canada Tunnel Corp, 20-vear
1, 1964.
Purpose, refunding.

&
April

2241

2241

REDEMPTION

Issue—

Co.,

Utilities

Collateral

Floyd D. Cerf Co.

$3,850,000

2241

21

—

Corp., 4%% debentures due 1951_„^Aug
American Bemberg Corp., 7% preferred stock__„,_____July

*351,675 Pennsylvania-Central Airlines Corp. 26,050 shares of com¬

*$1,665,000

:

Stores

American

corporate purposes.

each

of

Lockers

stock

capital and general

iy

Purpose, refunding.

2241

21

Jun

stock

Cincinnati Union Terminal

Food

Frozen

cumulative

Co.

University

3%%)

4% loan.
Purpose,
Massachusetts Mutual

with

Jun 21
Jun 21
^________Jun

stock

A

PARTIAL

MISCELLANEOUS

15-year

Corp.

privately

Placed

„

Consolidated Cigar Corp., 3

BUILDINGS, ETC.
Fifth

&

refunding.

.

.

Class

$28,329,535
LAND,

.

Class

Mills.

T.

2455

Service

prior preference stock

6%

per

1st mortgage

$3,100,000

bonds, series E, clue 1984-Jun 30
Co. 1st mtge. 5s, due 1959__July
6
. (
■ :■

■£.%%

Public

Louis

2306

RR.—

General -mtge.

St.

Wyatt,

and

Co.

Page
2416

Pennsylvania

Neal & Waggoner; R. S. Dickson &
Co.,
Inc.;
Kirchofer
&
Arnold,
Inc.;
The RobinsonHumphrey Co.;
Brooke, Tindall & Co.; J. H. Hilsman
& Co., Inc.;
Clement A. Evans & Co., Inc.; A. M. Law
r

Date

,

16

par).

Van Alstyne,

f

,Powej£Co.. 1st:mortgage 3%s, due 197li__——Jun 19
Mississippi ?Power cc Light Co., $G preferred stock_____July 13

Waltham Watch Co.—

$28.50

Snyder;

and Issue— (

Hollywood Bldg. Co., inc. leasehold mtge. bonds.Jun

Gulf

12.850 shares of 5% nreferred stock (par $100).
Purpose, refunding.. Price, $100 per share.
Offered by
Courts & Co.; Milhous, Martin & McKnight, Inc.; Ingalls
&

V NOTICES OF TENDER

\

■v.,

.

Company
Central

Trion Co.

1,285,000

;;

preferred and common stocks called for redemption,
including those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬

Co.

Herbert W. Schaefer & Co.;
Co. and Wyeth & Co.

($551,102). Price, $100 and int. Offered
by Paul H. Davis & Co., Chicago; Sidlo, Simons, Roberts
& Co., Denver:
A. C. Allvn & Co. (Inc.). Chicago: Kalman
&
Co., Inc., Minneapolis; Cray, McFawn & Co.,
Detroit; Dempsey-Detmer & Co., Chicago; Paine, Webber,
Jackson
&
Curtis, Chicago;
Van Alstyne, Noel & Co.,
New York; Scharff & Jones, Inc., New Orleans and R. S.
Dickson & Co., Inc., Charlotte.

_

special offerings.

tlndicates

,

Below will be found a list of. corporate bonds, notes,

.

Boyce;

capital

privately.

placed

Redemption Galls and Sinking Fund

Co.;

Price,

1 *5i \

-

f

issues

■

100,000 shares of com¬
Purpose,
post-war developments,
share. Offered by Paine, Webber,
Jackson
&
Curtis; White, Weld & Co.;
Lee Higginson
Corp.; Estabrook & Co.; Merrill Lynch, Pierce, Fenner &
Beane; Goldman, Sachs & Co.; Lehman Brothers; Putnam
& Co.; Graham, Parsons & Co.; Whiting, Weeks & Stubbs,
Inc.;
Brush,
Slocumb & Co.;
Yarnall & Co.; Minsch,
Monell
&
Co.; Mackubin, Legg & Co.;
Stein Bros. &
etc.

Corp. 1st (closed) mtge. 5% sinking fund
due Dec. 31, 1955.
Purpose, refunding ($948,898),

working

Corp. 4,000 shares of
(approximately); $8% per
Weisenberger & Co;

Price

(no par).

Co.;

&

stock

mon

Coast

South

Inc.

2,850,000 Sylvania Electric

10-year 5% convertible debentures. Pur¬
pose, refunding
($172,121), reduction of V loan ($427,879).'
Price,
100 and int.
Offered by Wyeth & Co.;
Pacific Co. of California and Bateman, Eichler & Co.

1,500,000

Securities

Foreign

&

stock

t

-^Indicates

McDonald-Coolidge & Co.; Merrill, Turben & Co.; The Wisconsin Co.; Ball, Coons & Co.; Curtiss, House & Co.; Fahey, Clark & Co.; Field, Richards
&
Co.;
The
First
Cleveland
Corp.
and
Maynard
H.

Loan and

Tool

$13,558,096

Swiss

Sachs & Co.; Lehman Brothers; Smith, Barney
G. Becker & Co., Inc.; Hayden, Miller & Co.;

Stone

Shepard

working capital. Price, 100 and int.
by Centr.al Republic Co.
(Inc.); A. C. Allyn. &
Co., Inc. and H. M. Byllesby & Co., Inc.
Plomb

Company,> Inc.;

Eastman, Dillon & Co.; Hemphill,
Noyes & Co.; Merrill Lynch, Pierce, Fenner & Beane;
Paine, Webber, Jackson & Curtis; E. H. Rollins & Sons,
Inc.;
A. C. Allyn & Co., Inc.;
Central Republic Co.;'
Hornblower & Weeks; Laurence M. Marks & Co.; Hawley,

Offered

600,000

Co.,

A.

Co.;

den,

$1,000,000 Dodge
Manufacturing
Co.
15-year 4%
sinking fund
debentures, due May 1, 1959.
Purpose, pay bank loans,
part of V

&

Peabody & Co.; Lee Higginson & Co.; Stone &
Webster and Blodget, Inc.; Union Securities. Corp.; Hay¬

MANUFACTURING

AND

INDUSTRIAL

OTHER

States

Wertheim & Co. and White, Weld <Si Co,

Corp.;

Goldman,

$53,500,000
r

Stroud

Kidder,

Co.

Insurance

Co.;

&

Simon

Co.;

&

Noyes

,

Life Insurance Co., Sun Life
Assurance Co. of Canada, Mutual Life Insurance Co. of
New York, Penn Mutual Life Insurance Co., and Connec¬
ticut

■

...

.

Co. 15,008 shares of $5 divi¬
$100). Price, $114 per share.
by Stone & Webster and Blodget, Inc.; The First
Boston: Corp.;
Harriman Ripley & Co., Inc.; Scott &
Stringfellow;
C. F. Cassell & Co.;
Davenport & Co.;
Galleher & Co., Inc.;-'Investment Corp. of Norfolk; MasonHagan, Inc. and Scott, Horner & Mason, Inc,

issued principally to finance expansion program.
Price, $99 per share plus div.
Offered by Kuhn, ,Loeb
& Co.; Harriman Ripley & Co., Inc.;: Blyth & Co., Inc.;

Mutual

England

New

..

Electric & Power
preferred stock ipar

dend

notes,

United States, New York Life Insurance
Co., John Hancock Mutual Life Insurance Co., Massachu¬
setts
Mutual
Life Insurance Co.,
Aetna Life Insurance
Co.,

■

Offered

& Co.;. Ladenburg,

Kidder

M.

9,900,000 Industrial Rayon
stock,
series A

Purpose, plant

the

of

Hemphill,

Co.;

A.

Ripley &

COPPER, ETC.

Metropolitan Life Insurance Co.,
Society

Inc.

1,500,800 Virginia

10,000,000 (M. A.) Hanna Co. 100,000 shares of $4.25 cumulative
....
preferred stock (no par).
Purpose,^refunding....(.Offered
in
exchange
for
outstanding $5
cumulative •" preferred
stock.
Underwritten by Kuhn, Loeb & Co. and Harriman,

1st mtge. sinking fund bonds, 3%%
Purpose,
refunding.
Price,
101%.
privately through Dillon, Read & Co.; Glore, Forgan
and
Lehman Brothers,
acting as agents, with

Co.

M.

&

Weeks;

American

*50,000,000 Republic Steel Corp.
series,
due
1964.
Placed

Co.,

&

share.; Placed privately' by Arthur

Hornblower
Thalmann &
Co.; Laurence M. Marks & Co.; Merrill Lynch, Pierce,
Fenner & Beane; Paine, Webber, Jackson & Curtis; L. F.
Rothschild <fe Co.; Schoellkopf, Hutton & Pomeroy, Inc.;
&

I.

■

&

mtge.

'

-

.

COAL,

1961.

1,

Blyth

common

Inc.; Alex. Brown & Sons; Dominick & Dominick;
Parson
& Co.;
Granbery, Marache & Lord;

Hallgarten

1

collateral trust 3 Vs % bonds,
improvements and exSold privately to two insurance companies.
•
1st

Co,

March

due

$3.75-per

*34,500 United

,

Whipple & Co.; Bear, Stearns & Co.; A. G. Becker

Co.,

Brothers. -

Lehman

shares of common stock (par $1).
share. Offered by - Floyd D. Cerf Co.

r

Brothers.

Lehman

by

and

Beane

25,000

Corp.
7,300 shares of common
stock
*27,375 Tri-Continerital
(par $1).
Price (approximately) $3% per share.
Placed
privately by Arthur Weisenberger & Co.
r:"

Graham,
<

$46,000 000

*$3,500 000 Koppers

by

;

unsubscribed
portion
under¬
A. C. Allyn & Co., Inc.;

stockholders,

to

written

Company.

STEEL,

MANUFACTURING

Co. 237,902 shares of common stock (no par).
general corporate purposes. Price, $15 per share.

Offered

12,500,000 West Penn Power Co. 1st mtge. bonds series L 3%, due
May 1, 1974.
Purpose, refunding. Price, 104% and int.,.
Oiiered by Halsey, Stuart & Co.,
Inc., Bear, Stearns &
Co., Equitable Sees. Corp.; Otis & Co.; Hornblower &
Weeks; Stroud & Co., Inc.; Graham,
Parsons & Co.;
Newton, Abbe & Co.; Arthur Perry & Co., Inc.; First of
Mich. Corp.;
Gregory & Son, Inc.; R. L. Day & Co.;
Schwabacher & Co.; A. E. Masten & Co.; Thomas & Co.;
Cohu & Torrey and Minsch, Monell & Co.

IRON,

Price,

Bacon,

>/;

&

Drug Co.

749,200 Stokely Brothers & Co.; Inc. 37,460 shares of prior pre¬
ferred stock (par $20).
Price, $16.50 per share.
Offered

.

v

3,568,530 Flintkote

Higginson

Lee

Co.;

&

Freres

Wisconsin

The

Pierce,- Fenner

'

i;

rants.'

W. C. Langley & Co.;
Corp.; Lehman
Brothers;
Mason-Hagan, Inc.; Mellon. Securities Corp.,
Paine, Webber, Jackson & Curtis; Riter & Co.; Scott,
Horner & Mason, Inc.; Scott & Stringfellow; Shields &
Co.;
Smith,
Barney & Co.; Tucker, Anthony
Co.;
White, Weld & Co.; Whiting, Weeks & Stubbs, Inc. and

,

Company.

INDUSTRIAL AND

OTHER

Co.;

Loeb &

Kuhn,

Co.;

&

Lazard

1

-•

Hornblower

body

-

93,750 Reed

$726,005 American-La France-Foamite Corp. 65,347 shares of cap¬
ital stock.
Purpose, corporate, purposes.
Price, $11.11 per
share.
Purchased by stockholders through purchase war-

&

Co.;

G.
and Wisconsin

$3,620,452

•

Co.;

&

Co., Inc.; Glore, Forgan & Co.; Goldman, Sachs
Harris, Hall & Co., (Inc.); Hayden, Stone & Co.;
& Weeks; W. E. Hutton & Co.; Kidder, Pea-

Nolan

&

Monday, June 19, 1944

v

2,100,000 National' Lead Co. 100,000:-shares of. common stock (par
( •' 1 ■ ' $10)». -Price, v $21;jper, <'shar(L ./(Offered:? by.MerrillLynch,

Blyth & Co., Inc.; Kidder, Peabody & Co.;
& Co.; Harris, Hall & Co.. (Inc.); W. C.
Hornblower & Weeks; R. W. Pressprich
H. Walker & Co.; Whiting, Weeks & Stubbs,

Corp.;

Moseley

Co.;

Inc.

The First Boston Corp.; Harriman Ripley
Blyth & Co., Inc.; Bosworth, yChanute,
Co.; H. M. Byllesby and Co., Inc.; C. F.
Cassell & Co.;
Cpffin ■& Burr, Inc.; Davenport & Co.;
R.
S.
Dickson
&
Co., Inc.; Estabrook &■ Co.;, Folger,

Blodget,

S.

Langley

J

,

9

9
6% preferred stock—
July .15
Corp., 20-year 5%%^convertible

2410

—Jun 30

2074

July

1

2298

July

1

1858

-July

1

2298

Co.,

due 1949—
Preferred stock_„————
Tobacco Co., preferred stock

Baragua Sugar Estates—•
15-year partic.
Canadian

income

debentures dated

1932

National Ry., 5% guaranteed bonds, due 1969-July

1

18^9

Inc., 7% preferred stock

1

1968

Century Ribbon Mills,

Sep

Volume

and

Company

.

Number 4291

159

THE COMMERCIAL & FINANCIAL CHRONICLE

Issue—

Date

Pag»

Burlington & Quincy RR.—
Illinois Division mtge. 3% % & 4% bonds due 1949—Jan

1

City Ice & Fuel Co.,

preferred stock
Sep
Cuban American Sugar Co., 5'/2% conv. pfd. stock
Jun
Dallas Ry. & Terminal Co., 1st mtge. 6s due 1951——July
Deep Rock Oil Corp., 6% debentures due 1952
July
Diamond Shoe Corp., 5% preferred stock
July
Duplan Corp., 8 % preferred stock——-.—V———
Aug.
Eppley Hotels Co,, bonds
____———_^July
Great Atlantic & Pacific Tea Co. Bldg., 1st 5J/2s
Jun
Hanna

(M. A.) Co., $5 preferred stock—
Corp., 6% preferred stock

Harvill

Hawaiian Irrigation Co., Ltd., 6%

2299

Birmingham Fire Insurance Co. (Alabama)

1

Quarterly

1655

30
10

Bobbs-Merrill

2193

6
1

8

1

July

1

2303
1863

Oct

1

1447

1863

Inspiration
'1st

Consolidated

Paper

Mills

6%

Co.,

Burkart

July 1
bonds due 1955—Jun 19

preferred

stock——July

6%

2304
2199

Co., 1st mtge. 4V2s, due 1947——
Jun 21
Metropolitan Edison Co., secured consol. ref. 6s due 1961_July 15
Mississippi River Power Co., 1st mtge. 5s, due 1951
July 1
Mohawk Valley Co.—
6% gold debentures due Oct. 1, 2031_!
-July 15
6% consol., refunding bonds due 1991—
July 15

1865

Mengel

1

City Lines, Inc., $3 conv. preference stock——Aug
National Container Corp. 15-year 5V2% debs., due 1952-Oct
New Jersey Power & Light Co.—
:
/
:•

4V2% bonds due I960——

v'-'t.
19

„_Jun

Packing

5%

Baragua Sugar Estates, income debs, and notes
Companies
Azucareras
Punta
Alegre, S. A.,

Simpsons,
'1st

Ltd.:—>

notes—

mtge.

due

collat.

&

trust

Southern

July

1

1801

July

1

Carolina

3 >/2 %

bonds,

ser.

1

2456
v."

Aug 15

■/

Virginian Corp. (The), 5% notes due
Virginia Public Service Co.-—
1st mortgage 3%% bonds due 1972
; Sinking-fund
debentures due 1957
Eisenlohr,

*

•

*

Pacific Co.—

4% gold bonds—Central Pacific stock coll. due 1949—Dec
Central Pacific Ry. Through Short Line 1st 4s due 1954_Oct.
Stearns (Frederick) & Co.; preferred stock——Jun

Webster

\,j

'■

A, due 1951—Aug 15

ser.

1%,

Inc.,

1948-1949—

$7

1

30

2312

Castle

which

—July

70c

7-

1

50c

7-

(accum.)_

Central

Fibre

(s-a)

Central

(quar.)

Corp.

Electric

Name of Company

(irregular)

Insurance

Aetna

Quarterly
Affiliated Fund

Co.

(irregular)

(Hartford,

':7-

7-

6-20

5-25

5-10

$1

Sugar

5c

Bemberg

Corp.

Clayton

&

preferred
Brake

Extra

Shoe

Co.,

American

Car

Co.

Bottling

of

A

&

(quar.)__

Concord

of

of

or

American

32V2C

preferred

-

67r

H.)

Trust

Arrow-Hart

&

Co.

(San

Fran.)

Athol

$1.50

Bank
.

of

Assn.,
$2

Co

•

America

preferred
of

New

of

Pert

Bank

of

Yorktown

6%

Securities

participating

Barber-Fllis
Barker

Nat'l

York

-

(N.

Brothers

6-17

1

6-19

10c

tl7% c
17c
40c

12V2c

.

6-19

6-15

6-14

7-10

6-30

7-

1

6-12

6-21

6-12

7-

1

6-24

1

7-15

6-30

6-24

8-

6-30
7-

1

6-24

6-24

50c

6-26

6-15

_**

50c

6-29

6-22

$1.20

&

6-30

6-15

Savings

preferred

Bastian-Blessing
Bath

Iron

Bauscn
5 r/c

Inc.

A

Y.)

7%

Bird

Machine

Bird

&

Son,

$2

preferred

(quar.)_

_

(quar.)

V




•7-

$50c

7-15

__

6-16
8-

50c

4

8-18

—

7%

Co.—

Water

Humphreys Manufacturing

District

Consol.

6%

(quar.)—
pfd. (accum.)_
_

Forge

Industrial
$4.50
Inland

of

N.

J.

(quar,).,—

Quarterly

Firestone
First

&

National

Rubber

Bank

of

Co

New

Amer.

Foster

dep.

&

Fruit

rets,

Kleiser,

for

6%

Natural

ord.

Investors,

Insurance

(Ky.)

A

(quar.)

—

$5

$5

7-

1

6-20

25c

6-30

6-15

7-10

6-30

25c

Trust

Co.

(N.

Y.)

6-30

6-30

1

6-15

5

6-26

7-

1

6-21

7-

1

6-21

Gilbert

7

1

6-21

Globe

all

7-

1

6-20

3

6-15

6-30

6-23

6-30

6-23

7-

7-

1

$1.25

7-

1

$2.75

7-

1

6-12

6-20

6-20
6-23
6-

2

$1.50

6-27

6-21

6-30

6-15

6-26

6-15

35c

7-

1

6-20

10-

2

9-21

25c

7-

1

6-20

3c

7-

1

6-15

6-24

6-16

20c

7-20
1

7-

5

6-15

7-

6-15

6-

6-30

6-22

6-13

5-15

1

6-15

37J/2c

7-

Shoe,

5

6-15

6-

7-15

6-24

1

7-

1

6-20

7-

1

6-19

(A.

Hoist

31c

6-20

7-

1

6-20

Grand

Investors
Iowa

$1.50

7-

1

6-20

Greif Bros.

Fund

Electric

6V2%

of

pfd.

"C"

B

$6.50

$7

Co.,

Co.

preferred

6-20

7-15

6-30*

6-29

6-19

37l/2c

7-

1

6-21

7-

1

6-21

—

Kahn's

*

7 %'■

Kansas

Stove

Power

4V2%-

&

&

6-30

6-15

10c

7-

1

6-20

7-

1

6-20

7-

1

6-20

$1,75
—

7-

1

6-20

25c

7-

1

6-17

25C

7-

1

Knott

&

(quar,)—

-

1

6-20

8-

1

7-20

$1.12 Vt

7-

25c

—

1

7-28
*7-

$1.75

6-23

6-12

25c

6-16

*

25c

7-

(quar.)—^

37y2c

——:

common*—.*

1

6-20

6-27

40c

—

6-20

7-10

1

6-15

7-

1

6-21

(quar.)

62y2c

7-

1

6-21

(quar.)

67y2c

7-

1

6-21

Corporation

B

6-20

7-

20c

(increased)

Co

preferred
preferred

Class

c

$1.75

(quar.)—

(quar.)

preferred

(increased)

Langendorf United

6%

—„

——_————„ —

Furnace

preferred

$1.50

Co.,

6-15

Light Co.-y

7%

(Walter)

7

6-30

6-30

$1.62 y2

(quar.)
Department Stores

Co.,

6-

7-15

$1.50

preferred

Kaufmann

Kaynee

8-15

1

40%

(quar.)—

common

preferred (quar.)

6-22

1

7-

43 %c

—,

(quar.)__

Sons Co.,

6-30
9-

25c
13c

(accum.)_

(quar.)
Chute Co. (quar.)

(E.)

6-24

25c

$1.25

—

:

(accum.)

*

40c

6-22

6-15

class A (quar.)

Bakei'ies,

(quar.)

50c

7-15

6-30

6c

7-15

6-30

—

—

preferred

Latrobe

6c

——

(quar.)——

Electric

Corp.

Lerner

7-15

6-30

Corp.,

preferred

6-17

1

6-19

7-15

6-30

30c

7-

1

6-20

30c

6-26

6-20

6-26

6-20

62y2c

7-15

7-

8-

1

7-20

6-30

6-17

25c

7-15

6-30*

40c

7-

(quar.)

(quar.)

Stores

4VaVe

75c
*

—

Steel

common—

$1.12 y2

iquar.)

Le : Roi

Company
Lion Oil Refining Co.
(quar,)—
Long Island Safe Deposit (s-a)
Class

Gas

A
B

Gas

Manufacturing

MacAndrews

&

6 %

preferred

Rubber,

Marchant

Mead

Johnson

&

6%

Merchants

Bank

preferred.—

7-

1

6-24

7-1

6-24

6-20
7-

1

6-15

7-

1

6-20

7-15

6-30

,

37V2C

(quar.)_
——

7-

60c

—

1

7-

(s-a)__

35c

7-

1

6-15

—

preferred

$1.50

___—

(New York)

Seamless
Power

6-15
6-30

$1.50

(quar.)

7Vc

preferred

6%

preferred
Oil

Light,
$7

$6

pfd.

preferred

preferred

Moneta

Porcupine

Mines,
of

6-15

7-

1

6-15

6-30

6-30

6-15

6-12

$1.75

1

6-20

8-

1

7-15

7-

1

6-20

*

$1.50

7-

1

6-15

(quar.)

Haven

J30c

7-

3

6-20

t$1.37y2

Ltd.

New

•

7-

$1.50
•

—

(quar.)."

Bank

6-

1

$1.25

(quar.)

(quar.)

Power & Light Co., $6 pfd. (quar.)
Containers, common (quar.)

Plan

3

8

7-

40c

Missouri

Modern

8

6-

$1.50

—

Mississippi Power &
Missouri

6-

50c

(quar.)_

(quar.)——
;

Co.,

6-20

6-15

$1.75

$6 pfd.

(quar.)

Edison

6-20

6-23

1

$1.50

—

Light,

Minneapolis Valley Canning, 5% pfd. (quar.)
Mission

1

5

6-30

2c

—

6-

7-

$1.75

Tube

&

6-15
6-22

8-

50c

Minnesota

1

$3

Meyer-Blanke 7% pfd. (quar.)_—
Michigan Cities Natural Gas Co. (s-a)

Michigan

6-10

6-30

$1

(s-a)—_——

Extra

Morris

6-30

$1.50

(s-a)

7%

Co.,

Corporation

6-30

7-15

25c

(quar.)_

Calculating Machine Co.

Medford

1,.

7-15

$1.25

Paper Mills Co.,

Valley RR.

9

30c

Marlin-Rockwell

66-

35c

(quar.)___„.

Corp
Maryland Trust Co. (Bait.)

6-19

6-30

6-15

$6.25

common

Marathon

Massawippi

1

1.50

preferred
(quar.
Mahoning Coal RR., common
5'/v preferred (s-a)„__
&

6-19

7-

25c

Forbes common——

Tire

6-26

$1.25

(quar.)

6c/c

Mansville

6-19

27>/2C

—

(quar.)—

Products

6-23

6-26

Co.—

preferred

conv.

1

37'/2c

<

Electric

&

5

(Del.)—

(quar.)

non-cum.

Lyon Metal

'

——

—

(quar.)l

Valve

5V2V0

20c

25c

& Electric

7-

7-15"
7-14

6-30

7-

3

6-20

*2c

7-15

6-21

6-30

$1.50

6-30

6-20

Mutual

Investment

Fund———.

10c

7-15

6-30

Mutual

Telephone

(Hawaii)

15c

6-15

6-

Mfg.,

$1.75

7-

1

6-21

14c

7-

7r,'n

(quar.I

_

Voting

trust

6-29

6-19

National

Bond

7-

1

6-30

National

Department

87'/2c

7-

1

6-20

National

Investors

6-25

6-15

National

Motor

25c

Securities

(accum.)

1

6-17

Nekoosa-Edwards

7-

5

6-21

New

6-30

6-20

$2

7-

1

6-23*

New

London

6-30

7-15

7-

7-20

6-30

7-

1

6-20

6-30

6-20

7-

1

6-20

<7-

Paper Co

6-15

7-15

11c

(quar.)

1

15c

(quar.)

(quar.)
(irregular)

1

fi-aq

7-

1

6-15

37y2c
50c

England Power Assn., 6'/c pfd. (accum.)
preferred

$1

(accum.)

Northern

5

l'2y2c

,

Stores

Corp.
Bearings, $1.50 pfd.

7-

80C

(quar.)—

(MdJ—

shares

$1.75
5c

Co.

C

& Chare Corp.

$1.75

(irregular)

Cooperage, $3.20 cl. A

6-19

Nation-Wide

20c

(s-a)

$3.50 preferred

6-29

(quar.)

(quar.)

preferred

$1.25

(irregular)

Varnish

6-30

preferred
Air

6-24

1

6-30

Inc.——_—

pfd. A

preferred

6-10

7-

$1.25

(quar.)_

Service, common
preferred (quar.)

1st

6-20

$1.12 y2

(s-a)

Public

$6

6-15
6-30

50C

—

(s-a)

America

1%

6-15

3

10c

America

Certificates

Co.

1

6-24

7-

12yac

North

$5

C.)

Rapids

6-28

clears

Godchaux Sugars $7 pfd. (quar.)___
Goulds Pumps 7%
nfd. (accum.)

6-28

$1.75

of

7-

$1

15c

5V2c/o

Electric—

40c

6-19

130c
iy4c

quarterly)

Paper Co,, 5% pfd. (quar,)
Corporation (quar.)——

Investment

Class

6-20

?17y2c

6-30

$1.18 %'

:

Ludlow

6-30

22p

arrears)

General

~25c

International

4

6-20

$1.50

:

—

77-

6-20

5-31

Nashua

(quar.)

prior preferred (quar.)
prior preferred
(this payment

25C

6-20

6-30

Inc

Extra

6-20

7-

6-19

$1

Investors
&

Co.

Louisville

6-30

10c

Gas

6-23

$1.75

$1.75

1

General

1

6-20

$1

Capital Corp, '

7-

1

Manufacturing Co. (Kalamazoo, Mich.)

Fundamental

6-23

7-

$1.50

(quar.)

non-cum.

6-30

$1.75

•

25c
6-20

11c

(final)

6-20

(irregular)

Interpat. Cellucotton Products

6-20*

6-30

50c

pfd
;
Co., 7% preferred (quar.)
(George A.), 4% preferred (quar.)

Fulton

1

1

7-

$20

(quar.)

Brush

Quarterly

7-

6-28
6-20

25c

regis,

preferred

Gas

of the Loom $3

Fuller

1
1

37y2c
York

Flambeau Paper Co. (irregular)
Florence Stove Co.
(quar.)
Ford Motor Co., Ltd.—

6-16
6-23

$1.75

common—

(initial

A

Extra
7-

35c

Tire

Rayon Corp.,

preferred

Knapp-Monarch Co.,

25c

^

Co.

6-19

—

6-20

7-

— —

6-30

%% partic. pref. (s-a)—
Foundation Fund Inc. (quar.)

6-30

5c

Electric,

(quar.)—

Co.

Keith-Albee-Orpheum (irreg.)

7-

■

6-30

60c
50C

$1.50

(quar.)

(stock dividend)—
share for each three shares held--

Kirsch

7-

50c

Co.

10-16

6-20

(N. J.)

Kidde

15c

(quar.)——

preferred

6-20

25c

(quar.)

com.

6-16

—

6-20

$1.50

—

(quar.)

6-19

(annual)

6-17

$1

Co.

6-20

$2

—

(reduced)
6'/o

6-30

$2.50

:*

1

$1.50

;

6-16

6-30

Illinois Commercial Telephone Co.

Lynn

(quar.)_

6-30

6-20
____

5c

*

preferred (quar.)—
2nd preferred (quar.)—

One

6-16

1

37V2C

common

Co.

Trust

6-30

62y2c

I

1st

7%

Hudson

9-10

"35c

common

6-30

6-30

$3

$1.50

^

Manufacturing

(quar.)

Howes Brothers,

6-15

7-

90c

(irreg.)

common.—

2nd preferred

Sound

6-10

50c

25c

7-

Power—

Talc

General

6-12

1

1

6-30*

6-18

6-16

7-15

9-

1

6-30

10c

6-15

8-15

7-

7-10

10c

(quar.)_

1

7-

50c

8-

7-15

25c

Non-cum.
Howe

Kalamazoo

$1.75

(quar.)

(quar.)

$2

$1.25
_

1

t$1.37y2

preferred

preferred—_

Federated Publications Inc., v.t.c
Fehr (Frank) Brewing Co., Q%
pfd. (s-a)__
Fidelity Fund Inc. (quar.)

$1

(quar.)__

_

$1,057

1

Chemical, 5V2% pfd. (quar.)
7%

Sulphur

Fund

$1.37'/2

_

_

8-

3

Drop

25c

—

_

$3

25c

—;

Ltd.

(quar.)

preferred (s-a)„—_,

Irving

25c

common

Hawaii

Power Co.

Gas,

Scale. Co.,

5%

Iowa

7-

J$1.75

(s-a)_—

preferred

6-21

t$3

Insurance

6-21

—

$7

6-15

1

(s-a)__

Federal

1

_

6-30

7-

1

Federal

68%c

_

_

Empire

7-

_

.

7-

Auto-Lite

Equity

50c

__

6-15

$1.25

Magnesia

Electric

Fuller

common

Co

Fire

Elizabethtown

Fuller

__

Inc.

Mills,
(quar.)

participating class A

6-23

Maryland

7-15

1

50c

Manufacturing Co.

5%

6-30

pfd.

1

7-

25c

Hosiery

Texas

Elder

1

6-15

Natural

Lehman

Easy Washing Machine 7% pfd. (quar,)
Economy Grocery Stores (quar.)—:

6

6-30

Howe

Fran.)—

(accum.)

Stores

•

Edwards

7-

common

8-

$1

Corp.—

Extra

7-

(quar,)__^f„^*_

$5.50

Electric,

(San

(accum.)—.

Faxon

Drug Co.,

$1

pfd.

International

Dominion Tar &

$3

Corp.
Optical,

of

7%•

$3.50

(s-a)—

(quar.)

preferred

Birmingham

$6

Class

!—-A—
Y.)

(quar.)

Co.,

Works

&' Lomb

Bickford's

Cork

Frankfort

'

5Vs '/<>

Crown

(quar^^L-^q*.

Y.)

Corp.,

6-15
..

_______

Corp. (Phila.)—
preferred (accum.)_____•

(Canada)

6-30

1

7-

7C

Trust

6-15

$7

6-16

'

(N.

(N.

Bank

6-16

$1

(s-a)—

1

7-

37y2c

prior preferred

6-30

25c

Inc.*——

Jefferson.

National

6-30

$3.50

(s-a)_,—

Bank

,

First

Crowley Milner, 6%

6-15

"

'(s-a)——

common

Bank

Bankers

Crocker

of

(quar.)—

preferred

6-24

6-22

7-

5%

6-17

—

(quar.)

Co.

Inc.

Houston Oil Fields Materials,
$1.50
preferred
(quar.)*

6-17

Eastern

7-15

Houston

1

(s-a)

Corp.

6-16

6-16

Drugs

Houston Lighting &

6-30

(s-a)

preferred
Wheat

1

1

Insurance

Hook

6-30

preferred

of

(s-a)

Home

$3

3rd

7-

7-

6-20

$3

2nd

East Tennessee Light &
$6 preferred
(quar.)

6-30

6-16
6-20

1

$2.70

7-10

7-10

1
1

$2.50

1

50c

(quar.)_____—

Bank

National

6-26*

-.-7

50c

—

—

Mills,

Paper

Baltimore

6-16

6

7-

6-20

(Toronto)

7-1

(D,

6-

7-

6-17

6%

6-20

7-

1

6%

6-30

40c

6-30

Cream

6-20

3?y2c
40c

$3

preferred

6-30

$1.50

$1.75

7%

Co.,

6-20

10c

preferred

(accum.)_—

Courier-Post

6-20

6-15

Dairy Co. common—

80c

Craddock-Terry Shoe, 6% 1st preferred (s-a)

Insurance

50c

—

Backstay Welt

6-22

$1

Dominion

25c

Fund, Inc. -(irregular)———
Fund "B" Inc. (irregular)

Axe-Houghton

6-13

$1.75

Phospate

,

$1.25

*

Axe-Houghton

Badger

Coronet

8-

$1.25

Plan.7% pfd.
Mills
(monthly)

6-15

1

25c

common

Exchange Bank & Trust (Phila.Mquar.)

conv.

6-15

(quar.)

Atlas Thrift

1

7-

3iy4c

Corp., 5Vc

1

Mfg., '7r,c

Avondale

Corn

common

6-16

6-20

'

Common

7-

J75c

Corp.,

6-20

6-30

(irreg.)

common

preferred (quar.)—
H.)
(quar.)—

Insuranshares

6-20

Diamond Shoe

7-

(quar.)__

Truss. Wheel———_—
preferred (s-a)

Athey

5-16

7-31

Detroit Steel Products,^

$1.37 y2

(quar.)

1

6-

1

6-22

6-15

Co

common

6-15

7-

6-22

1

,

Oil & Refining,

6-24

8-15

6-30

7-

•

5

Y.)

(N,

convertible

25c

:___

(quar.)

preferred

im

6-

25c

Aircraft

Holmes

Income

75c

preferred—
Continental Foundry & Machine,
1% prior preferred (quar,)_

conv.

Intertype

—

Vultee

$1 Va

----

6-20

50c

Consolidated Cigar Corp., $4.75 pfd. (initial)
Consolidated Mining & Smelt'ng Co. of Canada
Semi-annual

$1.25

Hilton-Davis

1

1

2

6-19

30C

Ltd
Chemical Co.,

9-

7-

6-

1

6-30

Light

$1.62 y2

6-10

2

6-15
7-

5

6-30

Imperialle Fuels,

(accum.)

pfd.

Electric

6-19

Insurance (quar.)

7%

Hilo

6-30

20c

6-

50c

1

6-20

6-

6-15

50c

(s-a)

1

1

6-15

$3.50

*

——

preferred

7-

7-

$1.62

Trust

6-20

1

50c

7-

$1.50

&

1

7-

$1.50

75c

—

7-

$1,50

(Madison,
Wise.), 4%% preferred (initial quarterly)
Imperial Paper & Colour Corp. (irregular)

$2.50

(quar.)

6-15

50c

$1.75

(irreg.)

preferred
,._i——
Deep Rock Oil Corp.——

37V2C

Hegeman. Electric

Corp.

6-15

Electric—

Life

$1.75

—

;

Lines, 5e/<> non-cum. pfd.
Co.
(irregular)

Screw

American

6-15

1

$1.50

Chicago

Ohio

25c

American President
American

6-22
7-

$1.25

—

'6-30

>

6-20

50c

40c

(N.

1

45c

(quar.)—

Passumpsic Rivers RR.—
preferred ,)s-a)—j—

,

6-22

$1.50

preferred

(quar.)__

7-

&

6-30

75c

——

(quar.).„_

Investors,

6-15

(Del.)—

Bank

Connecticut

Davenport

•

—

preferred

American

6-15

6-27

(Yonkers, N. Y.)

(Boston)

General

Duval

cash

Foreign Investing (quar.
Hard Rubber, common
(quar.)

6-27

20c

Nat'l.

Gas

6-22

1928

American

6-24

62'/2c

Co.

Connecticut

Dow

series

(quar.)—

6-30

37y2c

Commercial Controls Corp., $2 preferred (s-a)
Class A (initial)—

7-

6c

B stock

share of class

a

6-20

6-15

6%. preferred (quar.)—
6V2 % preferred (quar.l

Danahy

:

div.

1

6-27

(increased)—

Co.

Southern

&

6-22

$1.311/4

Express

i 5V<>

6

Light Corp.:—

opt.

7-

25c

Utilities

6-22

25c

__

American

Ashland

'

(quar.)—$1.75

Power

class

6-19

6-30

(quar.):
Loan

7-

^

(accum.)'

Arundel

6-15

Credit, class A

pfd.

Cities

6-19

1

7-28

————

Bottling Corp.

A

7-

& Foundry—

non-cum.

conv.

Prior

7-

______(v—.15c

(quar.)

Business

American

common—

6-17

1

7-

6-20

Mfg.—
Mahoning Ry. (s-a)

Trust

$3.50

________

—

preferred

American

7%

6-16

25c

common

(s-a)_—

1

7-

3

Lambert

Clearfield &

25c

American

•

7-

50c

(initiali__

common

7-

7-15

Semi-annual

Class B'

.v.

8-15

(quar.)

American

$3

9-

___

new

-;7rit,

6-26

6-

(accum.)___

Bakeries,

5lA'/r

1

Leather—.

American

7%

6-15
6-30

pfd.

Amalgamated

.

40c

&

Amalgamated

.

6-19

'6-30

7-15

Altoona & Logan

conv.

1

Equipment Co. (quar.)_
2V2C
Co.—q—20c
Valley Elec. Ry
$3

Electric

Allied Finance

6%

6-

7——3c

——

5

•

.

Allen

of Rec.

6-10

10c

_———

Conn.)—

Payable

6c

6-

7-

Supply, 6f/c pfd. (quar.)
6 V2 % preferred—.——

& Fuel,

Consolidated
Holdert

When

thare

————————

6-21

8-10

(quar.)_—

(N. Y.)

Extra

Securities

5

'

Industrial and Miscellaneous Companies

Stock Co.

6-

25c

Gas

&

—

,

City Ice

,

Per

6-23

6-21

75c

Wholesale

Colonial

are:

1

7-

37j/2c

common

1

15C

(s-a)

common

Extra

7%

Home

__

Chesapeake-Camp Corp., 5■%. pfd. (quar.)_
Chicago Title & Trust Co. (quar.)——

r

6

———

Co

RR.

Citizens

V

7-

15c

.

(quar.)—-——

Semi-annually

Columbus

;
The dividends announced this week

7-20

$1

(quar.)

2248

declared.

6

$1.50

—

2348

Department" in the week when

7-

5c

pfd.

1

table in

6-30

7-20

30c

26

second

1

8-

$1.75

Products,

Illinois

Coca-Cola

a

6-21

75c

(quar.)———

Light,

6-15
6-15

7-

$1.25
—

Ltd.—
Quarterly
Hawaiian Electric, Ltd. (quar.)
Henkel-Clause, $6 preferred (quar.)

6-24

$$i

—

6-15

6-28

Hawaiian Commercial & Sugar,

Hershey Creamery,

1

7-15

8-

J50c

m

Class A

Aug

follow with

6-24

2%

2348

1808
2349

1

9

6-21

9-15

2459

1
1

1

J50c

(quar.)—.——

Chemical Bank & Trust

stock

7-

7-

t$1.50

Quarterly

Aeronautical

6-

:

7-31

——

Associates-.

preferred

Commercial

Acme

6-15

75c

7-31

6

show the dividends previously announced,

Investment News

6-23

12y2c
6%

but

and

6-30

8-15

(s-a)—.——

6-15

Hatfield-Campbell Creek Coal—
5%
non-cum.
partic. preferred
Haughton Elevator Co., $6 preferred—*
Hawaii Consolidated Ry. Ltd.—
7% preferred (accum.)——

8-15

._

1

6-26

50c

6-23

50 c

(s-a)

7-

5

6-26

(quar.)

6-15

37V2c

(quar.)———_—_

6-17

50C

6-15

—

(quar.)
& Co. .(quar.)—

(A. Mi)

Co.

6-19

3

25C

1

(quar.)_

ts-a)

common

preferred
$6

&

Insurance

1

7-

3'/aC

6-30

5C

—— _

Co.

W.)

which have not yet been paid.
Further details and rec¬
ord of past dividend payments in many cases are
given
under the company name in our "General Corporation

v

—

62V2C

A

Fire

9-

7-

$1.25

$1

(quar.)_

Co.*__

Jun

preferred

we

Hartford

26

.v

issue.

Then

6-15

Jun

:

grouped in two separate tables.
In the
bring together all the dividends announced the

we

1

(quar.)

Aguirre

are

current week.

7-

—-—

(quar.)

Central Nat'l Bank & Trust

DIVIDENDS
we

4%

Central

Class

first

$1.25

preferred

Cayuga & Susquehanna

Collateral

Dividends

6-15

(s-a)

General

&

Coca-Cola

,

class

Power

Cleveland

this

1

.

(J.

Carter

2124

Lighting Co.-New York Westchester Light'
ing Co., 5% debentures, due 1954
July
Youngstown Sheet & Tube Co., 4% conv. debs, due 1948_July
in

7-

2237

1

Westchester

•Announcement

15c

*_____

Pa.)

preferred

Carriers

A,

—

bonds,

(quar.)—

9-20

30c

Harris Manufacturing Co. (class A)
Harris-Seybold-Potter, common
$5 preferred
(quar.)
Harrisburg Hotel (Pa.) (irregular)

10c

preferred

Carnation Co.,

1801

1st ref, mtge. bonds—July

serial

6-13

-

(Harrisburg,

25c

6-22

(s-a)-.

Railway

6-23

6-24

(quar.)——

15C

Corp.,

6-30

6-30

$10c

Y.)

(N.

1

Capital Bank & Trust Co.
,

6-10

1

25C

(s-a)

1

_

preferred

—

6-15
6-27

7-

$$25.35

all arrears)-

7-

Capital Administration Co.—
$3

2307

B

(this paym't clears
Hammermill Paper Co

7-

Canadian Wallpaper Manufacturers,
Class

pfd.

$2

(quar.)

nori-cum.

4%

7%

75c

Light & Power Co.
Canadian Pacific Railway—

■

2308

\

1944

-

(s-a)____

Y.)

Canadian

2234

and

____;

*>:

V 1st mtge, & collat. trust 4f/c

Harding Carpets Ltd.

(quar.)——

(Los Angeles)

preferred

Extra

Luke's Church of Evanston,

Hanover Fire Insurance

6-20

Southern

Punta Alegre Sugar Corp.—

St.

6-23

1

Malting Co., Ltd.

2234

.

.___

income

6-23

1

7-

7%

Bank

1766

July 1
secured 5% debs., due 1956—July 15
Otis Steel Co., 1st mtge. 4'/2% bonds, series A, due 1962—July 15
Pennsylvania Co., 4% secured bonds due 1963
Aug
1

joint

1

7-

$3

Canada

*
2234

1

National

Florida

7-

25c

of Rea.

United Theatres—

$3.50

Hoiaert

1

7-10

J40c

Mfg., class A partic. preference

Hamilton

Canada

*

.

.

Hamilton

6-20

J.)

G.

California

1976

,

1st mortgage

5-18
6-20

(quar.)

Cement,

7-

$2.50
,,

1

common

California

"

.'

(s-a.i-,

1

$2.80 preferred

&

pfd

$5

(N. S.)

1

Manufacturing

(A.

Co.

7-

common

preferred B

Caldwell

Insurance

RR.

6-

(N.

Systems,

Calaveras

2305

$6 preferred Stock
NY PA NJ Utilities Co.,

Halifax

,

1

*

6-10

Ohio

7-

(quar.)

Inc.,
(F.)

Business

Co.~

Copper

4% bonds due 1952
Libby, McNeill & Libby, 1st mtge. 4%

—

1

Gulf Mobile &

Payable

50c

$4

(Mass.)

Co.,

preferred

Burdine's

bonds, series A, due 1953

mortgage

Marathon

Durrell

5%

Illinois Power Co.—
«1st & ref. mtge.

Co.

Brooklyn Trust Co.
Brown

7-

9

thare

Co

40c

Brooklyn Borough Gas Co.—
6%> part, preferred (quar.),

2416

1

Trust

$1.75

6-

Brewery

(quar.)

Corp. 7# pfd. Cs.-a)——4.'
Street Investing Corp
._

Brookline

6-30

Western

50c

Co.

Brandon
Broad

When

Name of Company'

of Rea.

(quar.)—

Herald-Traveler
Insurance

2195

July
Oct

Holyoke Street Ry., 1st (income)
Hotel Taft Corp., 1st mtge. 5% bonds, due 1947

(irregular)———

Co.

Boston

2302
2197

1
25

bonds dated 1909—July
bonds due 1945
July

,

Corp.

Holdert

Griesedieck
35c

Boston

1
15

When

Payable

—

.

Blackhawk-Perry

*

15

Per

thare

^

Name of Company

Chicago,

2563

RR.

(quar.)

$1.75

3

THE COMMERCIAL & FINANCIAL CHRONICLE

2564

C

New

Orleans

$7
N.

Public

preferred

Y.

&

__

File

Nicholson

B

*,

.

' ..j

■

North

&

Northwestern Electric,

6%

preferred

Oahu

Railway

Associated

Ohio

Leather

1st

8%

Co.

pfd.

'

2nd

Ohio
6%

Old Colony Trust

Series

1st

Associates—
Shares (quar.)——
class A (quar;)a——

Class

B

(quar.)

& Electric (quar.)
Advertising (quar.)
Gas

Pacific

Packer

$5.50

conv.

Mines

Patino

Pioneer

Pittsfield
,

7%

&

(R. I.)

(Pa.)

Fire

Reliable

Metal

Robbins
Root

&

preferred

7%

„

Bafe
St.

Deposit

(quar.)

&

(Bait.)

Trust

preferred

..7%

1

6-30

7-20

6-30
6-30

Common

6-

6-15
7-

1

6-14

1
1
1

7-20

dends

7-

_—

Scudder,

■_

Clark Fund

Stevens &

Seaboard

5%

(quar.)—

Commercial

Corp.

preferred (quar.)
Finance Corp.

——

common——
—

Seaboard

(quar.)—

common

6-30

6-15

6-

Abbott

6-30

6-15

6-27

6-13

8-

1

6-30

8-

1

6-30

6-30

4%

6-15

6-30

preferred (quar.)_
pfd. (quar.)_____.
Corporation General—

$2
$2

—_

conv.

Acme Glove

/

preferred

Selected

Industries

6-17

1

——

$1.37Va

——

$1.37'/2
10c

Shaffer
5%

preferred

prior

$5.50

Oil

(quar.)
_____

Gas

&

Stores

common

(quar.)—
Shattuck-Denn Mining Corp.

(irregular)_—

Association

Shawmut

(Boston)

(quar.)

Shuron

Optical Co._.
7...
Signal Royalties Co., class A
Simon

(Wm.)

Simplex

Brewery

Paper

(quar.)_

(quar.)

Products

Sonoco
Boss

(

6%

Southern

(s-a)

Spartan

Sprague Warner-Kenny,

6%

Standard

Standard

Class

Radio, Ltd.,

B

(L.

Stayton

Oil

Stearns

S.)

Bros.

Baer

A

&

Submarine

Co,_

Stores, 6%

6-20

Allied

Products

Class

■

5

5-15
6-20
6-20

■I.

A

5%

preferred

Aluminum

9

7-

1

Aluminum
Common

6-26

6-15

Amalgamated

1

5-24

Amalgamated Leather Cos.

6-

1

6%

5-25

Goods Mfg.,

Electric

Alliance Insurance

Extra

American

6-21

6-30

6-16

6-27

6-15

6-30

6-20

75c

6-30

6-30
6-27"

Cast Iron Pipe 6% pfd.
Cigarette & Cigar—
preferred (quar.)—

American

6-15

Coach

7-20

7-

3

i

$3.30 class A (quar.)—
' 82tic
Supertest Petroleum Corp. Ltd., ordinary (s-a)
$50c
$1.50 preferred B
(s-a). $750'

Telecoin

Corp.,

Coal,

pfd,

(quar.)_

common

(quar.)_

preferred

7%

preferred

10c

7

•
•

1

7-

(monthly)——

41%c

7-

1

6-20

50c

7-

1

6-20

7-1

6-20

••

—

Tri-Continental

58%c

Corp.,

7-

(quar.)—$1.50

7-

1

Trusteed

$6

pfd.

1

Funds,

6-20

6-20

Fund

"A"

Fund

"B"

Union

Bond

Fund

"C"

Union
,

Preferred

35c

6-20

Union

Common

Stock

Fund

"A"_

16c

6-20

^13

Union

Common

Stock

Fund

"B"

United Bond
United Fruit

United

6%

Fuel

&

Share,

s

46c

Ltd.

Co.

Investments

preferred class A

convertible

7%

preference

Co.




7-15,

6-20

7-

1

6-

Machine

American

Manufacturing

5%

preferred
News

&

______

1

6-

9*

7.

1

6-15*

7-

1"

6-20

<"•:

6-15

6-30

7-

1

6-13

7-15

6-30

75C

7-15

6-12

7- 3

6-15

5-31

7-

3

Roller

Cement—

■

.

6-23

6-30

6-10

6-30

6-15

:

6-30

6-15

>

$1

6-30

6-30

.77-

1

6-20

7-

1

Co.,

6%

75C

Co.'(irregular)

6-30

6-20

6-30

6-20

6-30

6-26

$1.75

7-1

(quar.)

6-29

1

6-15

Brantford

$1

•

6%

(quar.)_

preferred

.7-31

(quar.)_i

■

$1.50

8-25

1

6-30%

5-29

7-

1

6rl5

40c

7-

1

,7- 6-20

$2.50

6-30

5-31

$1.25

7-1

6-10

75c

—
-

7-

6-20

1

7-

1

•

6-20

25c

7-

1

6-10

20c

.1-

1

6-14*
6-16

6-28

7-

1

6-15

50c

7-

1

6-15

25c

7-

1

6-16

7-

1

6-16

25C

6-30

6-10

50c

J

1-

6-15*

$1.25
30c

7-

1

6-15*

1

7-15

7-

5

Public Service,

$3.50

6-20

5-31

10c

6-30

5-26

7%

pfd. (accum.)_

Standard

Sanitary

(irregular)

______

6%

$20c

,

25c

6-30

•v

6r[ .1
6-

6-20

;

7-

.7-15

.

9

-

6-10

1

6-20

:

6-20

7-15

$1.50

6-30

6-23

$32V2C

7-15

6-20

$$1.50
••

7- 3

6-15

$1.50

6-28

6-19»

25c

6-30

6-16 1

•

A

35c'

50c

preferred (quar.)

6-16 ■•>■

6-30

6-15
6-16

;

,25c

77-

1

$25C

7- 3

$$1.50

6-15
7'

6- 6 5

7- 3

(quar.)_.
—
& Gas Co. Ltd.—

———

6-15

1

50c

—————

Ltd.

6-30

V: 6-26

$1.37 V2

Gas

Columbia Power,

6-20

"

7-15r:

6-30 ;

6-20

$40c

class A (quar.)—;
Broad Street Trust Co', of Phila. (special)—

6-12

"

20c

;

)

Brpwn-Forman Di^tillprs— *
■
•
$5 prior preferred (quar.)—--———
Bruce (E. L.) Co., common—!

"•••

'

6-16

'7-1'

$1.25

(quar.)—-———:—
preferred (quar.)—
—
Brunswick-Balke-Collender,
(quar.)
3%%

7-

1

,6-24

6-15

T-

6-15;

Co., common-l-lL'Jl—---——
preferred (quar.)————1—

Bucyrus-Erie
7%

Buffalo

$15c

5%

6%

pfd.

,

5''

7-

3

6-

5

,7-1

6-20

6-20

6-10

15c

7-3

75c

7-

1

6-

$1.50

7-

1

6;16.

3iy4c

7-

1

6-20

31 y4c

7-1

6-20

v

7-

1

6-15*

$1.31

(quar.) _____
Consolidated CopperCanada Bread Co., Ltd., common
(interim)
6% 1st preference (quar.)—
6% class B preference (quar.)__
—
Canada Cement, 6V2%
preferred (accum.)_
Canada Crushed Stone,j Ltd.. (i^uar.)—

POc

6-20

R-10

20c

6-20

6-10

California

Calumet

&

Electric Power,
Ink

pr.

pfd.

,

9

6-15

(quar.)_

California

"

6-21

10c

(quar.)——

preferred (quar.)
(quar.)
——

conv.

preferred class B

6-13

7-1

50c

Ring

Terminal Co.,

'6-20 '5

7-

$5c

(quar.)—111,)—-—.—
Burlington Steel (quar.)———;.——
Bush Terminal Bldgs., 7%
pfd. (accum.) —

5%

6-16 5
6-16

'

7-1

$1.75

Ankerite Mines—

Butler Brothers,

'-7-1

''!15C

Building Products Ltd. (quar))————
Watch Co. .(quar.)——..

Bush

v

6-301

•6-30'

$1.25

Bulova

Piston

6-30

25C

$1.75

87y>C

*7% preferred

Bu^-d

$1.75

Co

50c

37y2C

Mfg.,/common—.——-m—

British

6-20

7-1

62y2c

(irreg.)_

6-15

•

.

—_
—

common

Bridgeport

Class

v

7-15

75c

7

—

British Columbia Elec. Power

5

:

1

7-

—

& Co. Ltd.—

(C.)

6-10

7-

7-15

7-31

62y2c

■7

$1.12%

Traction Light & Power-—.

Brazilian

Brewer

6-10

6-15

7-

75c

$10c

1.'

'

6-12

25c

(accum.)—
Cordage, Ltd., $1.30 pfd. (quar.)-','

1

1

7-10

}

6-15

-

$1.50

—

Corp., class A

Brandon

7-

11-25

6-30

37y2C

(quar.)

& Sons (quar.)___,——
Bralorne Mines Ltd. (quar.) _——~i.—_

7-

1

%

15c

Bearing———————

15c

9-. 1/

6- 2

40c
—

pfd.

,

/

$1.75

—

—

(quar.)—
British American Oil,

12-

5-31 5

7-15

62 y2 c

J.)

(E.

.

30c

Brlllo

Radiator

Corp.

6-5

3

common

6-10

American

Republics

Loan,

6-17

7-1

37'/2C

American

1

7-

t$2

I'm;

I--

20c

Co.

&

7-

9

75c

Light Co._—
Briggs Manufacturing Co. {quar.)—-——

(bi-monthly)—
American Optical Co. (increased quarterlvi_,

6-22

J75c

6-

t$1.75

6-20

American

6-20

1

fsi.oo

,7- %X

—_

Metals

(quar.)

7-

9*

7-

Illinois—

of

Co.,
(quar.)

American

13c

_

!

•

(irregular)

(quar.)

6-13

American

(quar.)

preferred

6-13-

Ltd.—""""""
(quar.)

Brach

$1.75

—

(monthly)_______

Corp.

6-20

50c

(quar.)

(Sidney). 7% preferred
& Brass Corp

Wharf

Bower

6-20

$1.75

•

Corp.

Locomotive

preferred

,

6-15

,

12'/2c

(initial)

—

Products

6-20

f25c

(irregular)

pfd.

(quar.)

45c

6^13

(quar.)

4J/2%

25c

II"

6-15
6-15

6-2

$2

>

3

B

Boston

1

7-

5-16

"5%

6-15

6-15

7-

25c

t$3.50

.

Borg-Warner Corp; (quar.)
Boston & Albany RR
Boston Elevated Railway (quar.)

6-29

6-28

American Investment

3

7- 3

$1

(s-a)

&

»

6-12

Company, class A

Ami

7-15

7-

Home

1

7-

Aluminum

Class

1

6-15

Hardware

7-

,

6-12

+

Bond

5

7-11

American

Bond
Bond

Fund^

6-

15c
-

_L—

American International

Inc.—

Union

Stock

3

.

American

6-13

62V2c

'

Union

Z

7-

$1.50

.

Growers__^____——

preferred

Bon

9-15*

&

American

6-12

'

1

(quar.)

(quar.)—

preferred

2nd

Co.

Blumenthal

6-16*

25C

$6

6-23

7-

(quar.)

Products

7-

1

——

8

40c

Trico

1

2

8-

40c
Electric, common (quar.)_
(quar.)
$1,18%
American General Corp., common (special)
15c
American Hair & Felt, common;
12!/2c
——,:
6% 1st preferred (quar.)—
$1.50

6-8

6-

1

f50c

(quar.)
(quar.)—
Stores. 4'/2%. pfd. (initial quarterly)
Booth (F. E.) Co.f;$3 preferred (accum.)—

7-

25c

—

Fruit
Gas

6-30

7-

$1.06 Vt

1

7-15

4%%

7-15

35c

;

.-

6-

7-

American

6-15

Laughlin, Inc., common..:
convertible preferred (quar.)

5%

6-10

7-15

pfd.

Hoe,

1

(quar.)

Bohn

$1.50

&

7-

f80c

9*

$1.50

6%

Co.;

6-15

1

6-

56V4C

American

6-15

1

6-15
6-15

Fork

preferred

6-13

1

(series 1938) (quar.)—_
(Bklyn.) (quar.)_—

.

Bloch Bros. Tobacco

6-16

10-

68 %C

(quar.)——

Felt

6%

6-10

6-24.

B

1

7-

$1.37i/a

Bridgeport Brass Co., common...-—-—-;
5% convertible preferred (quar.)L_—

preferred

American

6-15

$1

(monthly)
(monthly)

1

...

6-21

'

$1.75

Torrington Co.

Union

7-

—

*

Class

American

6-16

7-1

■

—_

(quar.)___
5% preferred

6%

3

6-10

8%

Edison,

6-16

5-20

Terry Steam*Turbine,.Co.,
Toledo

6-23

6-12

Tennessee; Products. Corp.,

preferred

7-

3

•7-11"

(irreg.)—
___j

conv.

$6

'7%,

7-

(irregular)
25c
preferred (initial)
25c
preferred (quar.) ——25c

Technicolor Inc.

Temple

7-1 /

3c

(quar.)—62l/2c

Mining

6-30

■<

—.1—————:
(quar.)
American Envelope, 7% preferred (quar.)
.7%
preferred
(quar.)—
{

% 5%

e- 5

7-

40c

>

(quar.)—:—

Bliss &

6-10

.

&

Super Mold Corp. of California'_jlw—50c
Superior Portland Cement—*
•
"
;
V 1. ii
,

6-30

35c

(quar.)

•

American Cyanamid Co., class A

Custer Cons.

6-10

1

6-24

$1.50.

——_

Cities Power &

7-5

&

1

'7-1

$3

(s-a)

6- 5

Corp

Limestone

7-

6-30

$1.75

—

6-15

6-30

6%c

;

&

20c

Light Corp—
:■ '
$2.75 class A (optional dividend series) of
;
1936.
Cash or A share of class B stk._

6-20
.

(quar.)

preferred

American

6-20

$1.12%"

6%

7%

Co.,

6-15

3

(quar.)

prior pfd.

Blaw-Knox

American

15c

Can

RR.

Industrial

6-15

7-

5c

American

1

7-

preferred (quar.)
Co., 7% preferred (quar.)—
Black & Decker Mfg. (quar.)

Best

25c

—_v

7-

6%

9

30c

common———.—

(quar.)

20c

(quar.)

class A

Aviation

Bessemer

12-20

$30c

(quar.)_.
Y.) (quar.)

(N.

6-24

7'/2C

Y.)

Packing Co.

7-20

$$1.25

—

Note,

Creek

$2.50

75c

Agricultural Chemical

American

Bank

(N.

preferred

2nd

7-

c,

75c

American

6-24

(quar.)

(quar.)_

1

$1.50

preferred

6-20

6-15

1
1

Bensonhurst Nat'l. Bank

Inc.—

1

preferred

B

7-

25c

Ltd

Corp.,

77-

(quar.)___

;

Co.

Trust

Beneficial

1

20c

7-10

Tamarack

6-

20c

1

6%

Y.)

(N.

(quar.)

7-

6-20

6

$1.50

-

—

Bendix

,

6-

$1.75

(quar.)

9

6-15

1

t$2.50

pfd.

(quar.)
Co.

7-

$2.50

6■

6-15

6-30

Co.—

7-

7-

.

7-

43%C
' 50c

6-20

Belding-Corticelli, common (quar.)
17c preferred (quar.)
Bell Telephone Co. of Canada (quar.)

7-

common

7-

6-21

(quar.)—

6-20

1

9

25c

6-

6-

1

7-

6-

7-14

6-15

75c

(quar.)

Beech-Nut

5-29

.

1

3

6-20

1

$8.75

Works—

6-29

$1.25

6-15

7-10

(quar.)______

Taggart Corp.. $2.50 preferred

6-15

6-

1

6-30
7-

1

7-

25c

7-15

7-10

(quar.)——

7%

7-

7c

,

7-

Beatty Brothers,

5-29

$3

—

25c

37V2c

7-

preferred

Beech

t

6-20

7- 1

—

preferred (quar.)_.
Beath (W. D.) & Sons, class A (accum.)
Beatrice Creamery, common
(quar.)

6-15

5

$1.75

8-

50c

6-26

6-10

$10c

(quar,)u_—

1

6-12

1

National Investing Corp.—

Class

1

$$2.50

of

1

$6 preferred—

prior preferred

$3.75

America, 6% pfd. (quar.)
Aluminum Co. of Canada, 5% pfd. (quar.)_
Co.

7-

75c

.

$1.75

(quar.)
Mfg., common———

7- 5

pfd. (quar.)

$1.25

(quar.)_

7-15

A

3 •/

6-29

7-

43 %c

common

1

25c

$5.50

5-31

7-

$4.50

Alpha Portland Cement-.———

tlOc

.

6%

6-24

7-

15c

8-' 1

Co.

6-30

75c

(quar.)

6- 2

8-

$1

Corp

Bastian-Blessing Co., common

3

—_—

6-

6-28

$1.50

$4.25 preferred

(quar.)

Allis-Chalmers
v

(quar.):—

(irregular)
Corp., common

Allied Stores Corp.,

6-24

'

41/a'5>' preferred

Co.,

6-

Laboratories

Allied

7-21
6-23

6-20

1

Dye

25c

Oil

Superheater

1

r

6-30

$1.50

;

5

(quar.)

Manhattan

of

Bankers

8

6-10

Body Co.—
American Crystal Sugar, 6% pfd.

Sun

6-

7-

(s-a)___

7-

$1.50

1

pfd. (payment clears all arrears)

Common

6-22

6-20

gtd.

$2.50

;

$4.50

Co.,

6-30

-

Locomotive

Bankers

6-15
:

6-22 ;

$1.50

75c

pfd.

7-10

Allied Chemical &

'7-14

;

preferred

7%

6-14

6-30

7-15

Co

Fuller Co.,

3

6-30

1

American

Signal

7-

$$1.75

common

$2.50

common

preferred

Bank

6-10

7-10

r__

l

<

6-

1

Co

& Sons, 6%

Bank of Nova Scotia

6-20

7-

$3

prior

7%

3

_____

Steel,

6-

8-1

4% pfd. (quar.)
participating preferred

Mills,

6-19

6-30

(s-a)

Ludlum

6-20

(Conn.)

preferred (accum.)
Bangor Hydro-Electric 6%

6-16

■

6-12

5%

Y.)

(quar.)

6-30

*

Bangor & Aroostook RR.

1

1 /

6-30

1-2-45

$3iy4c

(quar.)—

Avondale

9

7-

7-

$3

Guaranteed

25c

class

6-

7-15

,>

6-

(quar.)

6-12

37 Vac

(s-a)—

$1.50

preferred

$5

5-31

6-30

$1.25

Quarterly

9

1

(quar.)

Allegheny .& Western Ry.

25c

(quar.)—
&

Power,

6-

25c

7-

$$3

(accum.)

6-30

1

participating preferred
preferred
preferred

6-30

40c

(s-a)

Line Co.

Avery (B. F.)

7%

7-

ordinary

J25c

(quar.)

Automobile Insurance Co. (Hartford, Conn.)

Baldwin

35c

6-

preferred

Co.,

Alles & Fisher, Inc

5-31

$1.50)
.:

__________

(Frederick)

Stix

(initial)

(quar.)_i

Starrett

Sterchi

pfd.

(accum.)

preferred

ponv.

RR.,

6-

Topeka & Santa Fe Ry. Co.—
preferred (s-a)

5%

Autocar

$1.25

Albany & Susquehanna RR. (irregular)
Algoma Steel, Ltd., 5% preferred (s-a)__

Pavings & Materials, Ltd.—

Partic.

i

$7

Southern

6-30

(quar.)____

com.

(quar.)
Astor Financial Corp., 75c preferred

6-20

7-

■

6-12

preferred

1

$1

.

6-14

6-21

$20c

Canada

Co.,

7-

30c

(Watertown, N.

6-28

15c

Refining Co.,

7-1

1

of

x

6-12

12 '/2C

(quar.)

Atlantic

Allegheny

1

Ltd.

Corp.,

(accum.)

__________________

(quar.

9-20

6-20

6-15

$2
6%

Standard Fuel 6Va% pfd.
Standard Products Co

5%

prior pfd.

$6

Corp.

2

6-20

8-25

(Ill,),

Works, Inc.

10-

1

7-

$1.50

.Weaving, Co.
Mills (quar,)—

1

Metals

Coast Line RR.

37»/2c

10c

(s-a)

7-

Co.

&

Constable

Arnold

Coast

20c

75c

common

$1,50

Armour

Atlantic

1

7-

25c

,

__________

__

Telephone
pfd.

conv.

(quar.).__^_uC

Co.

Manufacturing

Southeastern

6-15

Atlantic

25c

50c

—

1

(quar.)

6-19

6-20

6-30

5c

;

__

Extra

7-

5%

1

7-

2c
5c

__

$1.75

$7 preferred

Atlanta Birmingham & Coast RR.—

7-10

35c
25c

6-15

5-31

7-

$23c
15c

Shawinigan Water & Power Co..__

1

(quar.)

7-17

7-

$1.25
10c

preferred

7-

7-20

1214c

6-10
6-15

$1.50

1

t$3.25

(

6-20

Arkansas Power & Light, $6 pfd.

6-29

$1

(quar.)

6-20

1

6-30
1

of Reo.

-

1

77-

Holders

(quar.)

7-

5c

$1.25

8-

$3

6

25c

1
6-15

When

(quar.)

6-21

Atchison

8-

15c

preferred (s-a)

Manufacturing

Great

Alabama

.

certificates

Allotment

Shamrock

Works, 6.V2%

7-21

Arts

6-15
6-1

Payable

(s-a)

6-6

$1.75

(quar.)

6-26

share

<

pfd.

$6

6-

6-23

common

7- 1

40c

6-24

1

6-26

Corp. (irregular)
Arizona Edison, $5 pfd. (initial quar.)__,
Applied

Companies

(quar.)

7-

50c
25c

Axton-Fisher Tobacco,

Miscellaneous

6-10

7-8

$10c

Mfg.,

prior preferred

Asbestos

:
and

6-30

7-15

$1.25

Mining

Mining

7- 1
7-1

25c

6-20

7-

7%

week, these being given in the

common

Fitch

preferred

Alabama

6-20

7-

Corp., common

(quar.)__

Copper

Copper
Electrical

Apex

The list does not include divi¬

6-21

1

Anaconda

6-24

10c

15c

common

Hocking Glass

7- 6

$2.25

20c

(quar.)

&

D.)

Quarterly

6-17

7-

—

Inc.—

this

Agricultural Insurance

6-17

$1.75
$1.50

(quar.)

(J.

7%

6-21

6-30

Inc.,

(s-a)

50c

Engineering, 5% pfd. (quar.)
Agnew-Surpass Shoe Stores—

$6

(quar.)

$6

,

;

Aetna Standard

6-9

10c

preferred

(quar.)-

(quar.)__:___

paid.

Aetna Life Insurance Co.

Securities

•v$7

75c
$1.50
f25c
$1.50
6c

Co._j

Addressograph-Multigraph
Advance
Aluminum
Castings—
Aero Supply Mfg., class A (quar.)
Aetna Casualty & Surety Co. (quar,)—

6-20'

6-30

50c

—

6-24

6-23

—

preferred

Adams

6-22;;

6-30

6-15

6

7-15

■

Laboratories,

Abercrombie

5

6-30

1

7-

Metal,

6-20

Per

5-15

6-30

7-

50c

(irregular)

Industrial

6-26

6-20

15c

75 c

Wringer

B/G Foods, Inc., 7%

6-15

1

American

Investment

common

Co.

preceding table.

6-13

5-15

7-

6-19

Breweries

Name of Company

1

1

Associates

6-30

1

7-

25c

Co.

announced

1

7-

6-10

$1.50

-

(quar.)

Amoskeag Co., common
$4Va preferred (s-a)

give the dividends announced in previoui

we

6-23

7-

5-21

1

(s-a)

Electric—

&

50c

Corrugating

6-23

7-

17V2c
75c
15c
62'/2c
10c
50c

(quar.)_

f 7- 1

6-15

7-

1

7-

Associated

Co..

Jr.

weeks and not yet

6-12

7-

7-

$1.50

Works

6-23

Corp

6-14

7-

12y2c

6-23

<

Below
:

6-2341

7-15

$2.25

Thread, 5% preferred (s-a)
Tobacco, 6%
preferred (quar.)

Automatic Voting Machine

3

6-15

1

York

$5
$35c
$$1.75

(quar.)—j.__

1

6-29

$$1.75

(accum.)
(accum.)

(quar.)

preferred

Iron

Wrigley (Wm.)

San-Nap-Pak Manufacturing Co.—
70c

Crampton

Telephone & Telegraph (quar.)

6-30

preferred

Co., $6
&

Woodward

5*
9

6-15

6-30

Extra

(quar.)__

com.

&

Winters

66-

50c

(quar.)_

6-10

1

75c

preferred

6%

6-12
7-15
8-15

9-

6-17

1
2

,

York

of New

Calif.

of

Telegraph,

Grocers,

Ltd.

6-19

6-26
8- 1

$4

Inc.__

Co.

7- 3

<*•29

45c

____________—

Flour Mills Co.,

Lawrence

6-15

100%
30c
75c
50c
$30c

——

$1.50 preferred

Villa

Wilsil,

6-19

7-

20c
3s/6d

—

$1.20 conv. pref.
Industries, Ltd., common

Union

White

6-15

1

r

7- 1
8- 1

6-15

77-

$6 preferred

Andes

6-15

1

7-15

(quar.)

Water

,

7-

7-

American

Anchor

6-15

$1.75

American

Ampco

6-30

25c

Surety Co.

American

Art

.

7-

6-24

1

6-15

6-30

Anglo-Huronian, Ltd.
...

1

6-

6-30

$1.25

preferred

American

8

6- 3

6-

1

7-1

Co.

class A

Pipe & Steel Co.

Wilson

6-30
6-30

6.

1

7-

Refining—

Sugar

$5 preferred

6-15

6-10

•

(s-a)

Y.)

N.

Western

6-15

1

—-—

(quar.)_

Island,

Electric

Ohio)

(Dayton,

Co.

——

Products

Myers,

^

common..—

(quar.)_^—;

Wheeling & Lake Erie Ry.

$1.50

Petroleum,

Russell

1

25c
30c

_

.

Stock dividend
Rieke

7-

7-18
6-20

t$1.75
10c
17V!>c
43%e

pfd.
(quar.)
Brighton Bank

Western

6-21

$2
10cm

—

(s-a)—

Insurance

Quarterly

1

1

——

(interim)—..—

Ltd.

7-

(quar.)

—

Western

6-15

7-

.

Mines

1

"

Stores

American

7-14
6- 7
6-23
6-14

=://:/> =
$3,25
7- 1
121/2c
7-19
25c
8-15

■,

conv.

(Staten

6-16

7-

(San Fran.)

(quar.)

preferred

$1.75

6-17

1

6-30

$2.50
I

'

Sound Pulp & Timber Co., common6%
preferred (quar.)
Railroad Employees Corp., 80c pfd. (quar.)
Reading Gas

6-19

8- 1
7- 1
6-30

7-

$1.50

Stamping

7%

6-14

-50c .;

common*_^_.„/

Michigan Steel Foundry

West New

37V2c
50c
$2

—

preferred

17c

6-20

1

7-

Puget

Rand

6-30

15c

Building Co, (s-a)— —

Co

Gas

(quar.)__

West

6-20

6-30

6-27

6-15

7-15

12v2c

preferred (quar.)

American

5- 4
6-10
6-10
6-20
6-20

Kootenay Power & Light Co. Ltd.—

7%

40c

—

RR

Worcester

Providence
Providence

Providence

pfd.

West

6-15

1

Manufacturing,

6-17
6-15
6-15
7- 5
7- 5
8- 1
6-30
7- 1
6-27

25c

—

$1 convertible preferred

6-15

1

(quar.)

—

Wentworth

5

7-20

common—

8%

Gamble

7-

s

10c
50c
$2.50

Inc., 6% preferred (quar.)
of America (quar.)..

&

7-

$2.50
7l/2c

Co.

Procter

7-

62 /2c
$1.31%

(quar,)

pfd.

Pollock's
Potash

class A pfd.

60c

Co._

Quarterly

6-20
'■

Wire
-

6-29

,

1

17Vac

Scale Corp.

Pneumatic

Sugar,

Washburn

Washington Oil
Wells Fargo Bank & Union Trust

7-

^\'c0

(quar.)
(special)———

Cordage
Employees stock

Plymouth

r

Utah-Idaho

1

(quar.)

common

(quar.)

7-14

40c
*,0c

(s-a)_

Corp.

North Adams RR.

&

7-

Tobacco,

7-14

7-

(quar.)——

Leaf

preferred

1

7-

—- —

;

Universal

6%

American

$1
$2
15c

(s-a)

"

of Reo,

convertible

American

9-15

10c

prior preference (s-a>__

7%

Utilities

1

$1.12 Vz

Mills (quar.)——
(irregular)

Fashion
Securities

United

7-15

& Trust

Conn.) (quar.)
Paper Package Corp.

(Hartford,

Full

U.

6-20

7-15

$3

Casualty

Pictorial

Lines Co.,

6-20

7-15

75c

_______———.

(N. H.) 6% pfd. (s-a)—
Corp.,'4'4% preferred (s-a)_
Pennsylvania Co. for Insurances on Lives
and Granting Annuities
(Phila.)
(quar.)
Pennsylvania Forge Corp. (reduced)
Pennsylvania Telephone, $2.50 pfd. (quar.)
Phillips Packing
pfd. (quar.)

Pilot

S.

1

Co.

8-

Inc.—

Penn-Federal

Phoenix State Bank

Guarantee

Holders

'

9-15
7-15
8-15

50c
40c
35c
20c

(quar.)_______
(N. Y.) (quar.)_

When

Payable

share

?

>'•/
preferred (quar.)
$1.12 Va
American Service Co., common
20c
(initial)____
$3 preferred
(participating)
__27 82/lOOc
American Ship Building Co., common______
$1
7% non-cumulative preferred
$3.50
American Snuff Co., common______
60c
4V2%

Amer.

8-

L?/
$1.37/2-

cum.

shares

American

Peerless

S.

8 7o

joe

pref
prior preferred-——
& Enterprises Consol.,
Investors,

Pan-American

U.

Ltd..

Co.,

Insurance

Fire

6-20

—

(quar.)

Corporation

Packer

S.

7-v

50c

—

U,

-/Extra

/.■;■% 25c

_

6-20

6-20

7-1

25c
50c

Trust

6-20

Molasses

'•

American Rolling Mill—

50c

,

6-20

5

5-20

1
1

7-

55

Oliver United Filters,

______

1

6-

United

7- 1

Mass.)—

—

(monthly)______

pj"ior pfd.

1
7- 1

$1.25

7-15
8-15
9-15
7-15
8-15

deposit
rets, for ordinary regis, (final10 7/lCc
United Pacific Insurance Co. (quar.)____r__
$1.50
.-■Extra
';;/■. .■ $3
United Shoe Machinery Corp., com.
(quar.)
62M>c
6% preferred (quar.)
37'/2c

7-

_

Quarterly

6-20

7-

(quar.)——.——®

preferred (quar.)——
Old Colony Insurance Co. (Boston,
5%

1

7-

(quar.)

pfd.

preferred

SVuVc

6%

6-22

6-

25c

(quar,)—

common

6-20

8- 1
9-1
10- 2
8-1
9- 1
10- 2
8- 1
9- 1
10- 2

Per

Name of Company

of Reo,

77c

6-20

1

6-12

„j?

(quar.)—$1.75
Public Service Co., 7% Pfd. (quar.)—
$1.75
preferred (quar.)—
___________
$1.50

7%

1

7-

50c

$

pfd. (quar.)

Telephone, 6%

6-17

7-

=

$1.75

preferred (quar.)

7%

(quar.)— __—
Land Co. (irregular)

&

Ohio

_

6-22
6-22

1

7-

?5c
;

1
1

6-26

6-20

7-

.150c

_.

pfd. (quar.)
Judd Manufacturing

6-23

7-

Holders

Payable

United

6-23

7-

(quar.)_—----———30c
Rayon class A
60c

Co.

prior

1
1

6-30

65c

:

share

Name of Comvans

Light & Railv/ay Co. (Del.)—
prior-'preferred (monthly)__—
58Vac
17c prior preferred (monthly58V3C
77b "prior preferred (monthly)
58V3C
6.36% prior pfd. (monthly)
53c
6.36% prior pfd. (monthly)
—
53c
6.36%
prior pfd. (monthly)—___________
53c
6% prior pfd. (monthly)
:
50c
6% prior pfd. (monthly)
50c

7-

Mining Co.—

_

American

Class

6%

————_

v

•

0] Reo.

7-

35c
$1.75

common——

(quar,)____

Honduras Rosario

Interim

North

Service,

When

Payable

When

ret

Holders

Per

share

Name of Company

:

Monday, June 19, 1944

Co.

Hecla

$10c

7-

1

$$1.50

7-

1

6-10

$62y2c

7-

1

/
.

6-10

,6-10

,

$$1.25

6-20

5-25

$10c

6-20

6-.;

.

>

iVolume 159

THE COMMERCIAL & FINANCIAL CHRONICLE

Number 4291
Per

Name of

Canada

5%

f.' 1st preference

s.

Canada

Machinery Corp., Ltd.

Canada

7%

(quar.)

Northern

Power,

preferred

Canada

,

(interim)-.,—
(quar.)—

common

(quar.)

__

Ltd. (quar.)
Canada Permanent Mortgage (Toronto)—
Packers,

_____

Quarterly

Canadian Breweries,

Canadian

5%

$3.40 conv. pfd.

Ltd.,

Canners,

preference

(quar.)__ 1

common

5%

1st preference'(quar.
Participating

60c

non-cum.

Car

Canadian

preferred

conv,

Participating
Canadian

preferred

Canadian

Foreign

Canadian

General

Oil Co.,

Canadian

Wirebound

$2c

6-28

————

$$2
$50c
$37%c
$1.50
50c

————,

50c

7- 3
7-1
7- 3
6-30
7-1
7- 1

quar.)_
Corp. (quar.)

Canfield

Oil, 6%

preferred

$$1.75

(quar.)——

(quar.)—

Ltd.

preferred

(quar.)—

1—_

Capital Transit

Carey

Co.,

Boxes, class A (accum.)

Cannon Mills Co

————>

(Philip)

Mfg.,

6-15

$$1.25
$$1.25

$$1.75
$75c
$$1.50
$$1.50
$62%c
$50c
$$2

———

(quar.)„

Mines

Gold

8%

6-15

6-15

6-30
7-31
7- 3
7- 3
7-1
7- 1
7- 1
7-15
7-31
7-31

(quar.)

(increased

Westinghouse

6-15

7- 3
7- 3

u

(quar.)-——

common

5%

preferred

(quar.)——

6%

preferred

(quar.)—

•

15c
$1.25

—

6-

9

9

6-

6-10
6-20
6-15

6-15

6-30
6-30

$2

7- 1

6-23

.

12%%

—

7-10

(quar.)__

Biscuit

Consolidation

$2.50

Coal

Central

Telephone,

preferred

7-

1

6-12

6-30
7-

1

6-16

6-26

6-12

20c

6-30

6-20

20c

(irreg.)-

6-30

4%%

1

:—

(quar.)

Ltd.,

6-10

7-

class

$5

8-

1

7-10

6-30

Power

preferred

$3c

____

A

6-30

(Toronto)

$3.50

5-31'

75c
——12 %c

6-20

(Chic.)

■

Extra

Ohio

(N. Y.)- (quar.)

Ry.

Co.

9-

(qua

$5%

6-30

6-20

9-30

9-20

12-30

12-20

6-30

6-15

7-

6-

7-

50c

1

Co.,

1
1

;

(quar.)__

6-15
6-

"

$1

—

..v

.

5%

News,'common———

6-26

6-

25c

6-26

6-

(quar.)____—.ir

preferred

Chicago' Flexible

Shaft

—

5%

Chicago

Mail

Chicago

Mill

Order
&

of

$6 conv.

quarterly)-.
pfd. (accun

& Seal

Crown Zellerbach

Crucible

5%

Steel

pfd.

of

,!5% preferred (quar.)
5% preferred (quar.)

"

•

•

preferred

Water

7%

(Pa.),

Cleveland

Electric

r-.-

Climax

Clinton

Coal

Corp.

(irreg.)_:

Water

6

6-20

6-

7-14

6-14
9-14

Class

A

Class

A

(s-a)

6-24

6-

9-

1

8-15

12-

1

11-15

7-

1

6-20
1*

8-10

8-

7-

1

6-15

7-

1

6-15

7-

1

6-30

6-16

6-30
7-

25c

1

7-15

Curtiss-Wright

$2

David

non-cum.

&

Frere,

class A

Davidson-Boutell 6%

class

Debenture

pfd. (quar.)__
Corp. of Canada-

Farmers & Traders Life Insurance
N.

6-24

6-14

6-26

7-

6-24

6-

6-30-

6-10

1

$1.50

7-

6-12

$5.60

7-

6-12

7-

6-12

$25c

12-

11- 2

6-30

6-

6

'6-20

$1.50

7-

1

$1.75

7-

1

6-20

$1.25

r

8-15

$1.50

7-

6-24

6-14

7-17

6-23*

7-

6-13

1

6-30

(quar.)__„

preferred

(quar.)—,
Brewing Co., Ltd. (annual)_________

Femie

$1.75

—____

;

$60c

Corp

7-

3

(N. Y.)

6-

50c

7-1

6-21:

$1.50

6-30

6-15

Bank of

First National Stores

(quar.)

6-30

6-15

7-

1

6-30'

$2

_______

7-

1

7-

1,

6-17
'

$1

6-14

(Jersey City) —
6-30

6-23

40c

7-

1

6-26

62 %C

7-

1

6-15

Pittsburgh (quar.)__

Inc.

2

$6

$1.50

(quar.)__

Pennsylvania

National

6-15

6-20

$1.00
First

6-30

6-15

3

7-

25c

Fifth Avenue Bank
of

7-

$25c

V

___

Enamel

8-25

8-15

11-25

11-15

(quar.)

First State Pawners Society
Florsheim Shoe,

7-

1

6-

9

Class B

class A

(quar.)_.

6-19'
6-15

6-26

6-17
6-17

Formica Insulation Co.

6-30

6-15

Fort Pitt

1

6-15

7-

6-

7-

5

3

6%

6-16

7-

6-24

'

6-17

6-24

6-10

Gair

7-31

7-

Galvin

6-30'

6-10

'

6-10

7-1'

6-20

"•

75c

9-

1
1

1

Southern Western

'

-»

7-

6-

$2

r7-

5

50c

8-15
9-

25c

Diamond
Di

preferred

(quar.)—

1

5%

5 % %

preferred

Gemmer

6-23

$3

1

participating preference A (quar.)_
$6 pfd. (quar.)
Transportation Corp.—

1

6-20
■

8-

General

6-

General Bronze Corp.
General Candy Corp.

9

1

6-10
7-15

General Electric

Co.

L-

(s-a)__—

7-

1

6-10

General

6-28

6-15

7-29

6-30

Corp.
General Mills Inc., 5% preferred

6-30

6-17

7-31

7-17

8-

1

7-15

7- 3

7-15.

6-20

5-25

$$1.25

7-

$$1.75

7-15

3

6-

75c

7-15

77-

1

pr(

75c

7-

1

$1

6-20

6-10

__^

(s-a)

6-26

6-12.

7-

1

6-15

7-

1

6-15

7-

1

6-16

7- 8

5-26

$1.50

8%

(irregular)
(increased)

40c

$3

de Nemours & Co.—
preferred
(quar.)__

6-30

9

7-

7

5c

7-

1

6-14

6-30

prior

Rolling Mill

Eastman

6%

_______

(quar.)

Kodak

preferred

Lines Inc.,

common.

Co., common
(quar.)

(quar.)__

$1.25

$1.50

Washing Machine,

Ltd

Eaton & Howard Stock Fund

Ecuadorian Corp.

Eddy Paper

Ltd
'

(quar.).

1

i
1

75c

7-

1

6-

$1.50

7-

1

6-20

Time

7-10

Corp.,

Trust

Co.

Harvester

Alden
Falls

9*

3
1

7-

1

(quar.)

__

preferred

$7 preferred

common

6-24

6-10

Goodyear

1

6-16

7-

1

6-16

$1.25

7-

1

6-

5

Gorton

7-

1

6-

5

Graham-Paige Motors, 5%

Tire

&

Common

12 %c

6-30

6-16

Grand

6-30

6-16

Granite

7-

3

6-15

Grant

6-24

6-16

10c

5%

City

Steel

T.)

preferred

6-10

Great

American

Great

American

Co.

6-19

1

6-19
6-20

75c

7-

1

6-14

$1.25

7-

1

$1.12%

6-15

$1.50

7-

1

6-15

$1.25

8-

1

7-

7-

1

6-15

Co.

5-27

7-

1

6-10

7-

1

30c

6-12

7-

1

7-

1

6-20
6-20

7-

1

$1

7-

1

6-17

7-

1

6-17

7-

1

6-30

7-

1

6-10

6-21

$63c

3

6-15

<>7-

3

.6-15

75c

(quar.)—'$

7-

$62 %c

7-

1

6-21

62 %C

7-10

6-30

6-20

17 %c

6-

1

—

Y.)

(quar.)_

6-19

7-

1

6-17

25C

(quar.)

6-29

35c

—

common

Inc

„

6-30*

6-30

2%C

(N.

,

6-12

10c

7-15

I

(irregular)

Industries,

6-10

6-20

40c

$1.25

(quar.)—

"insurance

6-20

40c

62 %c

—

A pfd.

i

1

(quar.)

Valley Brewing
(W.

1

7-

6-30

25c

preferred

Rubber

Fisheries

7-

„

6-15

(quar.)_
(Canada)

(quar.)
$5

__—

Pew

1

$1.50

(quar.)——

(quar.)
preefrred
(quar.)

5%

7-

$1.75

_i—

7-

Co..

7

62 %C

'

;

Ltd.

Co.,

6-13

$1.75

(quar.)

(quar.)

F.)

6-24

56 %c

(irregular)—

common

25c

(B.

40c

25c

—

&

State

6-12
6-

50c

(quar.)__

Stock Telegraph (quar.)
Goldblatt Bros. Inc., $2% preferred

Gold

6-12

6-27

25c

—

—

Co.,

-

6-16

7-

(N. Y.)

Goodrich

6-15

6-

7-

Co

Golden

1

-

25c

Coal
Insurance

6-15

7-

66c

30c

common

(Phila.)

6-15

75c

6-16

$2.50

Safety Razor, $5 preferred (quar.)_

1

6-15

6-19

(s-a)_

Rubber, 4%% pfd. (quar.)_
& Elec., $3 pfd. (quar.)
Georgia Power, $5 preferred (quar.)
$6 preferred (quar.)

1

6-16

$1.75 i "7-1

5

6-21

Gas

7-

6-30

6-23

$1.50

7-

6-30

6-10

6-21

(quar.)

75c

6-24

6-

7-25

'

.

1

&

$1.12%

oOc

6-20
6-20

30c)

350 <■

1

(quar.)

6-15

&5c

6

7-

—

Godchaux Sugars Inc., class A

*

6-

7-

(quar.)
Glidden Co., common (interim)__
4V2% convertible preferred (quar.)—

6-15

6-10

10c

common

Instruments

preferred

Globe-Wernicke

7-25

6-17

1

$1.50

—__

7-15

1

1

$1.50

Signal,
(quar.)

preferred

Gleaner

7-14

77-

7-

$2
1%C'>!

—

7-1

$25c

—

Mfg., 5% preferred

Railway

preferred

20C

Easy

6-

e-

—

12 %c

Class B

(quar.)_

preferred (quar.)

7%
$1.12%

$1.50

Easy Washing Machine, class A

;

7-10

10c

(accum.).

preferred

1

1

6-16

Glen

8-15

Associates—•

6-15

preferred

7-

7-

1

Girard

6-15

1

8-

pfd.

Corp.,

50C

Fuel

"

1

7-

Gillette

I.)

&

6-

Corp., $5 preferred (quar.)_
$2.67 pfd. (quar.)
General Printing Ink, common

Glen

$62 %C

Duplan Corporation

Gas

6-17

1

General Water

$1.75

Eastern

6-30

6-30

8-

General Tire

60c

&

$4.50

50c

$1.25

$6

6-20

(E.

6-15f

1

General

5-27

Manufacturing Co..

Pont

6-15

6-30

1

$2.50

1

7-

Bradstreet, $6 preferred (quar.)__.
Dunlop Rubber Co., Ltd., ordinary (final).
"\
Dunlop Tire & Rubber Goods Co., Ltd.—

du

/

6-30

7-

General Telephone

1

7-15

7%

General Refractories

5

75c

preferred

9

6-15

7-

6%

6-15

$1

(quar.).

1st preference

6-

6-30

25C

General

75c

5%

6-16

6-15

$1.25

General Products

6-27

6-27

$10c

1

8%

1'

(quar,)—_

$6

6-10

7-15

7-15

Fireproofing Co.,

General Paint

6-30

$$1.75

(quar.)

—

General Motors

$$1.25

Dun

7-

20C

25c

General Instrument

$35c

-

7% preferred (quar.)
Dominion Stores Ltd. (quar.)

.'iuiJa*

(quar.)—
(quar.)

62 %c

$$2

Co.

6-20

$1.50

preferred Uuar,)_2(>J.V.

Baking Co., 8%
(quar.)

General Box

1

t44c

Driver-Harris

6-30

6-30

30c

62 %c

5

8-11

7-

(quar.).

6%

7-25

30c

$$1.25

General American Investors,

8-

Dominion Dairies Ltd., 5% pfd. (in
Dominion Foundries & Steel (quai

Corporation,

$35C

$$1.38

25c

preferred A

6-15

$20c

(quar.)

37 %c

—

Monthly

$4

9-15

6-30

7-1

Manufacturing—

$1.50

(interim)

Dominion Textile, common
7% preferred (quar.)

2

7-21

35C

_______

Power, common (quar.)
preferred (quar.)_—

$1.25

.)

Ltd.___

Dominion Bank of Canada

10-

$35c

Gatineau

$40c

Casting

6-15
6-15

34%c

—

25c

Die

1
1

General American

79c

Mines.

6-10

77-

Manufacturing

Garlock Packing

RR,-

Distillers

6-20

6-15

22 %C

11-15

7-

1

7-

25c

Co., 6%

preferred (quar,)___
Corp
Gannett Co., Inc., class B conv. pfd. (quar.)
Garfinkel (Julius), common (quar.)

8-15

12-

6-20

6-15

7-

37 %C

6-30

$1.50

6-15

1

6-30

5c

20c

6-20

6-30

37 %C

(resumed)__

Co. of Canada (quar.)—
County Coal, 70c pfd. (accum.)—
Fraser Companies Ltd. (initial)

(Robert)

6-16

50c

Franklin

1

1

6c

Brewing—

Corp., common
prior preferred (quar.)
prior preferred (quar.)

6%

9

6-16

7-

$1.50

(quar.)—

Foster-Wheeler

6-23

1

35c

Food Machinery Corp
Foreign Light & Power, 6% 1st pfd. (quar.)i
Foresight Foundation, non-cum. cl. A (s-a)_

6-26

6-20

7-

25c

—

6-30

6-30

50c

$1.75

(Chicago) (quar.)

(quar.)

.6-30

'

6-

6-10

8-11
6-19

7-10.

Co.

37 %c

■

.)

1

7-1

8-15
6-26

,.

7-15

Truck

6-19

12-15

6-30

<

6-10

Cleaning & Dyeing—

9-19

6-20

8-

$1.37%"

6-30

25c

6-30

3

12-15

35c

(quar.)—

6-10

$$1.50

(s-a)

9-30

7-

50c

30c

6-17

6-30

750

!_

$2

7-15

$1.25

&

6-15

1

9-16'
6-15

25o

Fidelity & Guarantee Fire Corp.

9-30

6-10*

7-

1

6-26

5-29

7%

12-23

6-29

$1.25

1

10-

50c

(Bait.)
Field (Marshall)
Co., b%> preferred (quar.)
6% 2nd preferred (quar.)

9-30

7-1

—

6-16

7-

$2.50
_______

6-19

Extra

6-16

12-23

10c

Approved by the SEC on June 3.

6-15

6-30

Fenton United

$1.75

60c

$1.25

12-15

10c

Federal

$1.75

Eastern Steamship

—

12-30

Motor

6-22

$1.75

Eastern

Commonwealth Loan, 5% preferred (quar.)Commonwealth & Southern Corp.—

9-15

$1.25

6-20

6-14

75c

6- 9

(quar.)

6-10

1

9-30

50c

1

(quar.)

6-

Corp

7-

Mining & Smelting Co.—,

6-24

50c

(quar.)

6-30

9

6-10

6-15

(Canada)
Light & Traction

5V2%

-

7-20.

1

1

$2.50

Federal Fire Insurance

6-10

77-

6-30

6-30

■

Rubber

30C
>■•*9

—

8-15

6-10

Federal

7-20

$1.25

1

(Syracuse,

(irregular)——
Federal Bake Shops, common
(quar.)
5% preferred (s-a)

6-23

1

7-

$1.25

(quar.)
—.<

8

9-16

$1.25

Foundation

6-16

$1.06%

Y.)

Quarterly

1

preferred

6-30




7-

preferred

50c

pfd.

7-15

7%

$1.06%

5%%

6-16

7%

(reduced)-

Water,

6-16

6-30

(quar.)
preferred (quar.)

preferred (quar.)—
Commercial Investment Trust Corp. (quar.)
Commercial Shearing & Stamping (irreg.)—

Commonwealth

'6-30

$1

6-23

4%%

(accum.)

25C

$$2.50

-

Common

4V2%

preferred

6-15

f25c

Dentist's Supply Co. of New YorkCommon
(quar.) -

6%

$6

1

20c

Dravo

6-12

—

Commonwealth Investment Co.

7-

6-

1

37 %C

Metallurgical Corp., $5 pfd. (quar.)
preferred (quar.)
_____________
preferred
(quar.)___

$5

6-15

6-30
6-28
10-

37 %c
$37 %c

Ltd.______

Fansteel

6-15

$1

6-30

Solvents

1

6-10

3C

Fanny Farmer Candy Shops (quar.)

$1.50
$1

C'

6-30

Commonwealth Edison

5

7-

1

37 %c

pfd. B (quar.)
Canadian Corp.,

31 %c

•'

(quar,

Decca Records Inc. (quar.)
Deisel-Wemmer-Gilbert

7-20

Commercial

6-

7-

6-15

7-

$7%c

50c

(quar.).

pfd.

Securities

&

7-15

common

6-26

75c

5% preferred (s-a)_____

7-15

Co.,

Famous Players

10c

A_____

Dayton & Michigan RR., 8%

Dresser

1

7-1

(quar.)

Credit

9

1

6-20

(s-a)

$1.75

8-15

Commercial

6-

conv.

5

1

'

5c

common

1

6-30

10c
«

$10c

Alcohols,

preferred

1

7-

$1.50

5

7-

7-

20c

7-

6-16

7-

7-15

15C

Y.)__

Family Finance Corp. common
$1.50 conv. pfd. A (quar.)__:

6-20

6-20

7-

—

(Syracuse, N.

6-20

7-

50c

(irreg.)

Co.

1

6-16

$1.75

Insurance

6-30

6-23

75c

______

8%

9

$1.37%

6-10

6-30

$1.75

Colgate-Palmolive-Peet Co,, $4.25 pfdr (quar.)
Colonial Ice, $6 preferred class B (quar.)—
$7 preferred (quar.)
;——________
Columbia Gas & Electric Corp.—
5% cum. preference (quar.)
Cum. preferred 5% series (quar.)——i.i,
6% cum. preferred series A (quar.)—
Commercial

6-

$4

•—

8

$3

(s-a)__

1

15c

Crystal Tissue Co., common (irregular)
8% preferred (s-a)

Doehler

50c

■

_

Cockshutt Plow Co.

7-

Falconbridge Nickel Mines (interim)-:
Falstaff Brewing Corp., 6%
preferred

First National Bank of Boston (s-a)

Dome

$1.12%
10c

———

com.-

9

First National Bank of N. J,

6-15

—

(s-a)__-—i—-

Coca-Cola International Corp.,

Excelsior

6-

Corp.

6-16

6-20

——__

—

6-15

1

Ex-Cell-0

7-15

25c

6-16

1

75c

common——.

3

7-

30C

(quar.)

(quar.)

6-30

1

6-15

(interim)—

Co.,

7-

6-20

65c

preferred

6-30

7-

1

—____

Peabody & Co., common
preferred (quar.)—

7%

6-12

11-16

2%

common

30c

7-

.

7-

(quar.)—

Coca-Cola

6-27

Inc.,

1

6-30

dividend

30c

T Motor Car (quar.)
Giorgio Fruit Co., $3 partic. pfd. (s-a
Corp.-Seagrams, 5% pfd. (qui
Dixie Cup Co., class A (quar.)

5-15

.

Works, 7% pfd.
Clorox Chemical Co. (quar.)
Cluett,

Stock

6-15

(quar.)

«.

Clinchfield

Eversharp

6-15

1

(quar.)

Semi-annual

7-10

(quar.)_
1

_____

6-15

1

Finance Co.

6

20c

common
—„

Molybdenum

Extra

1

7-

B

6-20

10-14

8-17

12-

(quar.)

7-

A

1

6-

1

$1.25

7-

6-16

6-14

9-

12 %C

%C

6-15

6-14

1

(quar.)_

Co.

class

7-

30c

Illuminating

A

class

6-20

l%c

pfd. (quar.)
;—:___
Cleveland Hobbing Machine (quar.)„Ih,——.

preferred

Common

1

30c

$4.50

Evans Products

6-30

6-14

7-

(quar.)

Common

7-

$1.75

Mines—

Silver

6rl5

Corp/

-

25c

(quar.)—

pfd.

1

5%

1
1

(quar.)___

____^

Co.—

$5 preferred A

$5

7-

7-

$1.25

pfd.

$1.25
$1.37%
$1.50

(quar.)

$2

iquar.)

■

85c

City Ice & Fuel, common

(quar.)

common

(quar.)____,

7-

$1.25

(quar.)

Detroit Hillsdale

$1%

—

Cincinnati & Suburban Telephone Co. (quar.)_
Citizens Utilities (irregular)

preferred

Ferro

(quar.)

preferred

6-20

$4
$1%

6-15

preferred

6-15

25c

6-15

'i

6-15

1

6-15

25c

;__

6-10

$1.25

6-22

1

7-

Erie Railroad

America—

8%

1

$1.75'

._>(<;

1

7-

$1

(quar.)___

Corp.,

(quar.)__;
Public Service, $5

1

$1.50

-

8%

1

25c

(quar.)i'

(quar.)

7-

75c

A

Johnson

1

12 %c

—

Crum & Forster Insurance Shares

7-

'$1.75''

56 %c

preferred

7-

30c

62Vic

—

Cincinnati New Orleans & Texas Pacific Ry.

Clayton

6-20

6-16

6-20

6-22

Federal

Inc.™

Co.__

nreferred

conv.

6-30

$1<;

1

7-

$1.50

Corp

Co.

7-

75c

7-

$6

25c
Crown Cork

15c

'Quarterly

Citizens

6-30

25c

($7 preferred (quar.)—
_
Cotton Oil (quar.)

Chickasha

A

6-15

$1.31%

6%
preferred
(quar.)__
Crowell-Collier Publishing (quar.)

50c

-

—

preferred

1

25c

America

30c

—

Lumber—

Christiana Securities Co., 7%
Cincinnati Gas & Electric—

7-

7%

Chicago Pneumatic Tool, common————_
$2.50 prior preferred (quar.)—-—-—,,——
$3 convertible preferred (quar.)—.
Chicago Towel Co., common (quar.)

'.5%

6-20
6^20

6-30

62%c

—

(quar.)

Co.

1

1

^

(accum.)—

preferred

7-

$1

——

Chicago Great Western Railway Co.—

6-20

7-

$1.25
50c

Chicago Electric Mfg. Co., class A (accum.)-

1

6-15

35c

Faultless

2

7-

1

Engineers

6-15

75c

2

50cv

6-30*

7-

4Va%

Corp.—

8

75c

.

7-15

50c

Endicott

6-10

$1.62%

'

Chicago Daily

5

$1.75

6-15

1

7-

6-30*

60c

$5

common

Creameries

8

6-15

1

77-

6-12

30c

(initial

Corroon & Reynolds
Crane

7-

3

7-15

25c

--

(quar.)

A

6-19

70c

$2

.;

Corp

Electric

preferred

6-30

6-15

15c

'

6-15

45c

(quar.)—

—1-

——

1

7-

50c

1

$3.50

,

(quar.)

(Consol.)

6-30

Telephone Co.—

preferred

6-19

1

30c

6-30

37Vic
37%c
25c
$1.50

—_——_.

Co.

.

nmft

—

participating preferred
6%% preferred (quar.)
prior

6-

1

6-30

20c

$3

6-20

6-19

$1.25%

t$2

(quar,

•r-i

Cornell-Dubilier

1

9

(Texas)—

(quar.)

Natural

$1.12%

<quar.)__

pfd.

—

$1.75

——

preferred
(s-a)—
■—
$1.50
preferred (s-a)
Champion Paper & Fibre Co., com. (quar.)_
:
6%
preferred (quar.)——————
Chapman Valve Mfg., common (quar.)———

Mfg.

5-

1

6-15

preferred

Electric Co.

Paso

50c

>-

6-10

6-24

(accum.)

$1.50

&

6-15

8-

$1.25

Corp
(Del.)

Steel

7-

1

7-

68 %C

(initial)

25c

Motors
Oil

6-

6-20

25c

—

preferred

conv.

Drug Co., 8% preferred (quar.)
Emporium Capwell, common (quar.)

6-17

1

43

(quar.)

Continental

Continental

6-30
7-

25c

$1

5-31

6-20

50c

25c
20C

t40c

u
(interim)

7

6-20

dividend)—100%
Chain Store Products $1.50 pfd. (s-a)
37%c

Chesapeake

6-

$3

pfd. (quar.)

(s-a)

1

7-

.___

—

(stock

Bank & Trust

7-

$1.12%

Extra

——

6-15

90c

Paper (qu

Co., $4%

Assurance Co.

Continental

6-15

1

60C

El

$5.50

6-20

$1.25

(accum.)

6%

Co

6-15

25c

common____„

Continental

Utilities Co.—

preferred
lien preferred

Chesebrough

6-10

!

4% preferred

______________

Consolidated Water Power &

6-10

1

15c

pfd. (quar.)—
—

lien

preferred

1

7-

—

(quar.)

6-30

6-30

$2

Consumers Gas Co.

6-20
6-20

7-

Gas, common (quar,)
Ely & Walker Dry Goods—
7% 1st preferred (initial s-a)
6% 2nd preferred (initial s-a)_

1

j

.__

(quar.)

of Reo.

6-30

$1.50
15c

Watch

$4.50 preferred

6-16

$1.25

-

preferred

$1.75 preferred

6-10

Mines

6-30

30c

Industries—

Consolidated Steel Corp.,

6-30

1

(quar.)

—,——$1.50
$1.50
——
62%c

(quar.)

Battery (quar,)____
Corp. (quar.)

5Va%

15c

6-20

1

5%

6-

62 %C

(quar.)
__
preferred series C (quar.)____,

4%

6-17

1

Paso

6-10

6-23

30c

(quar.)

(quar.)___

(quar.)_

Consolidated Press.

6-20

-

7'-

Co.

Co.—

Aircraft

7%

6-16

$1.75
10c

—

preferred

Century Ribbon Mills, 7%

i

1

7-15

Electric

Chemical

6-16

7-

7-

Central Steel & Wire,

Cessna

6-12

$1.19
$1.75

South West

prior

1

7-

Patricia Gold

Century

7-

$1

&

prior

6-15

$1.12%

Central

7%

1

(quar.)_

Central

"6%

7-

7-

York Power

Paper

1

10c
50c

$2 preferred
(accum.)___.
Consolidated Gas Elec. Light & Power (Bait.)
Common

tioiaere

1

Emerson

Trust

preferred

conv.

6-15

■

(quar.)——
$6 preferred (quar.)
i—
5% dividend series (quar.)—
Central New

1

$1.18%

—

com.

& Trust

Power, 7%

7-

prior pfd.

Utilities

Products

Elliott Co.,
Common

Crompton & Knowles Loom Works—

quar.)—

preferred

Central

7-

1

4%% pfd. (quar.)
Power, 4%% pfd. (quar.)—

Kansas

Maine

6%

6-15

$1.75

.

Central Illinois Light Co.,
Central

6-15

40c
$5

5-31

$1.50
60c
75c

___——.

Hanover Bank

Central

6-24

7-

.

(initial
(quar.)

—

1

.

•

held-

preferred

preferred

6-15

7-

Storage

Quarterly
Elgin National

6-10

1

El

(quar.)___,
_p___
Corp.___'—____—

7%

share for

one

7% 2nd preferred
—
Centlivre Brewing ■_—i———__
6%

6-28
7-

Co.—

Consolidated Film

5-31

25c

—;

Corp. of America—
(stock dividend)

Common

&

12-25

f4c
75c

.)

Inc.,

____________

°

6-24

12%%

—

Electric

12-31

7-

Electrical Products Consol. (Seattle, Wash.)—

-

Continental

deposit rets, for class B ordinary
regis,
(interim) ————_——
Carthage Mills, common (irreg.)_____——_
6% preferred A (quar.)
6% preferred B (quar.)__
___,
Case
(J. I.) Co., common (initial)——

Central

Electrical

9-25

t$1.50

(qu

Special

Amer.

shares

6-25

9-30

_

■

—

70

6-30

Electric

6-15

6-17

1st

Electric Household

$20c

6-15

6-30

each

6-10

(Toronto)-

Coke Securities $3 pfd.

Gas

Consumers

7-1
7-20

4%%

1

f$1.50

Assurance

Consolidated Cigar
Consolidated Investment

6-15

$1.50

preferred

7-

8

50c
$1.25

7%

$1.75

Quarterly

6-15

——

Celanese

Electric Ferries

-

".

Mines

6-10

f$1.50

Life

1

6-30

6-20

6%

Payable

75c

_\

7-

Consolidated Bakeries of Canada, Ltd.-

6-15

6-

Manufacturing

wrien

thare

Name of company

$1.50

T

.

Consolidated

6-15

6-30

Per

of Reo,

55c

Conn.

1

6-

Holdert

Electric Controller &

—

5-31

Carolina Telephone & Telegraph Co. (quar.)
Carreras, Ltd.—:
Amer. deposit rets, for class A ordinary
regis,
(interim)

'

(quar.)
(quar.)

preferred

Coniarum

6-20

Co., common (s-a)_____——
Clinchfield & Ohio Ry. Co. (quar.)

Carnation
Carolina

When

Payable

Light—

6-15

—

Malartic

7- 3
7- 3

7

6-15

Ltd. (quar.)—
Canadian Industries, 7 %
pfd. (quar.)
_
Class A (quar,)-:——————
Class B
(quar.)
*
Canadian

7- 1

&

5-15

6-15

6-30

—

Electric,

Canadian

6-

$25c

-

Investment

Canadian

Quarterly
Quarterly
Quarterly

7- 3
7- 3

Water

preferred

$7

1

6-15

(quar.)__—■.——-

Canadian

Confederation

6-20
6-

6-30

common

Products

Food

6-20

7-3

1

6-15

(quar.)

(quar.)_,

Ltd.,

7-15
7-25

$6

6-21

Canadian Converters Co. Ltd.

Cottons,

6-

7- 3

pref.

._____

preferred

6-28

(quar.$25c

common

Per

Commonwealth

6-15

7-11

Foundry, 7%

Celanese,

Canadian

6%

(quar.)

_:

&

Extra

7%

—

6-15

thare

Name of Company

of Rea.

6-30

$85c
$12%c
$25c
$5c
$15c
$5c
$53c

(quar.)

Holder•

6-30

$$2
$$1.25

—1

__

Canada Steamship Lines,

Payable

$15c
$$1.25
$50c
115c
$$1.75
$$1

.

When

thare

Company

Cycle & Motor, Ltd., com. (quar.)—

2565

7-

1

6-17

10c

6-30

6-15

30c

7-15

6-20

5c

7-15

6-20

«

Per

Name of Company

of Ree,

Payable

thare

Utilities

Southern

Iowa

Co.—

$2 pfd. A (accum.)
$25c
preferred B (accum.)__:
.™.™*™—125c
Great Northern Ry. Co., preferred,-,
$1

7- 3

6- 3

7- 3

6-3

6-19

5-22

6Ytt% dividend arrear certificates (accum.)

Great

7-

3

6-20

6-30

5-30

dividend arrear certificates (accum.)™
Iron Fireman Mfg. (quar.)—™—

Great Lakes Paper,
$2

West Life Assur.

(quar.)~
t$3.75
Great West Saddlery, 6% 1st pfd. (quar.)-™
$75c
6%
2nd preferred (quar.)
™
J75c
Great Western Sugar, common (reduced)—
40c
7%
preferred (quar.)__™_™™_1
——$1.75
Green (Daniel) Co., common-™—™™™—™-™-™
:
50c
6%
preferred (quar.)—
$1.50
Greenfield Tap & Die, $6 preferred (s-a)
$3
Greening (B.) Wire Co. Ltd. (quar.)—— —.
$15c
Greenwich Gas Co., common (irregular)—■
24c
$1.25 participating preferred (quar.)_
31 Vic
Participating
*™——;———
4.888c
Greenwich Water System, 6% pfd. (accum.)
$1.50
Greyhound Corp. (Del.), common (quar.)—
—25°
5Vi % preferred (quar,)——
13%c
Griggs Cooper & Co., 7% preferred (quar.)—
$1.75
7% preferred (quar.)
——$1.75
7% preferred (quar.)————™-™™—-.■
$1.75
Group No. 1 Oil Corp.—————™-:™~~—$50
(Winnipeg)

7- 3

Quarterly

Gulf Oil Corp. (quar.)

—

6-20

7-

1

6-20

7-

1

6-10

7-

1

6-15

7-

1

6-15

7-

1

1

Jefferson Electric Co.—

9-25

12-23

6-30

6-2

7-

1

6-15

7-

1

6-15

7-15

6-30

7-15

6-30

7-1

6-14

(quar.)—-

6-30

6-20

7-

6-

9

1

6-

9

Kalamazoo

7-1

6-20

6-30

6-16

6-20

preferred A (quar.)
43%c
(W. F.) Printing (quar.)————™
25c
Haloid Company (quar.)
—„20c
Hammermill Paper, common (quar.)—„—
25c
4Vi% preferred (quar.)———
$1.12 Vi
1%

California—
Class A and class B (stock dividend)-™—

1

6-

5

1

6-15

6-20

6-5

7-

6-15

7-

1

Hancock Oil Co. of

Hanna (M. A.), $5 preferred
—
Harbison-Walker Refractories Co.—

57c

preferred (quar.)
.——
57c 2nd preferred (quar.)———
—
Harrisburg Gas, 77o preferred (quar.)——,
Harrisburg Steel Corp. (quar.)

6-26

6-16

Kelsey-Hayes

6-16

Class

6-30

Kennecott

7-15

6-12

10-

1

(quar.)(George W.) Co., common

Helme

1%

preferred

—

(quar.)_

—

—

™

Hercules Motors Corp. (quar.)—
—
Hercules Powder Co.—
——————

Hickock

7%

Oil, 5% preferred (quar.)—
prior preferred (quar.)—

Hoover Co.,

4Vi%

& Bearing.—

(quar.)

_

50c

(quar.)——————
(quar.)—
Co
™
.

35c

Houdaille-Hershey,
Class

A

Household Finance Corp.,
5% preferred (quar.)

6-10

1

6-20

1

7-

6-

5

7-

6-

7-

6-3

3

:

Extra
Lac

Chemical,

Lambert

Co.

Lamson

6-3

Landis

6-15

Common

7-

6-15

7%

6-30

6- 2

7-

6-20

1

6-20

6-

8

1

6-20

6-20

7-

6-10

7-15

7-15

6-30

6-30

6-16

6-30

™—-™,

—

-

-

Inc.

—

—

10- 2

(quar.)—

$2.50 preferred
Common

6-16

$$1
3 7 Vic

6-26

5-26

Fibre Corp., common--——
10c
preferred (quar.)..
-——__$1.50
Humphreys Mfg. Co., 6% preferred (quar.)™
$1,50
Hunt's, Ltd., Class A (interim)
v.
$50c
Class B (interim)
:
$50c
Huron & Erie Mortgage (quar.)—
$$1
Hussman-Ligonier, 5Vi?S> preferred (quar.)—
68%c
Huttig Sash & Door, common
25c
7% preferred (quar.)_—
™_
$1.75
1% preferred (quar.)
;
$1.75
7% preferred (quar.)—
$1.75
Ideal Cement Co. (reduced quarterly)——™
25c
Illinois Bell Telephone
$1.75

6-30

6-15

Lima

1

8-17

6-30

6-19

7-

6-1

$1
$1
$2

Lincoln National Life Insurance (Ft. Wayne)—

—

6%

——™

-

—.

——

*—-

——

—

79-

1

3

6-

1

1

7- 3

6-

7-

6-15

1

6-30

6-20

9-14

9-

6-30

5

6-20

9-30

9-20

12-30

12-20

6-30

6-15

6-30

6-19

Illinois Central RR. Co.—
Leased Lines, 4% gtd. (s-a>—
$2
Imperial Bank of Canada (quar.)——$$2
Imperial Chemical Industries Ltd.—
Ordinary shares (final)
5%
Imperial Life Assurance of Canada (quar.)_
$$3.75
Imperial Tobacco of Canada, ord. (interim)
'
$10c
Incorporated Investors
—™——
20c
Independent Pneumatic Tool Co.™—
—.
50c
—

—

—

Indiana Gas & Chemical, $3 pfd. (quar.)
Indiana General Service, 6% pfd. (quar.)—
Indiana & Michigan Electric —

,6%

preferred

(quar.)—

preferred

(quar.)™™—.

4-21
5-15
6-29

Little

6-16

6- 2

7-

1

6-2

7-

1

6- 2

7-15
7-

7-

6

1

6-21

7t 1

6-12

6-30

5-31

7-1

6-15

7-

1

25c

6-26

3%c

8-1

$75c
25c

6-

5

6-9

6-30

6-30

6-15

7-

6-20

1

$20c

7-15

$37 Vic
37Vic

7-15

6-15

7- 1

6-21

65c

7-15

6-19

6-15

quar.)
International Metal Industries, Ltd.—
Common class A (interim)
6% conv. preference A (quar.)——
64£> conv. preference (quar.)

—

$30c
$$1.50

4% preferred (quar.)
Co.

77c preferred (quar,).
77e preferred ($5 par)

Chemical,

com.

7-10

8- 1

7-10

50c

—

6-10

6-30

6-16

6-30

.

7- 3

8- 1

$$1.50

—

International Nickle

6-16

of Canada—
—

(quar.)

Common

_

f$1.75

,

t8%c

—™

—$40c

International

power

International

Salt

Co.,
1% preferred (accum.)

:_™_—

™_

Aircraft

Extra_

:

————

Loew's (Marcus)

Loft Candy Corp.

Longhorn Portland Cement—
5% preferred (quar,)
Participating ——

'

Lorillard (P.) & Co., common

8- 1

7- 3

8-

1

7- 3

6-30

5-31

Ltd.—
$$1,75

(quar.)
;
International Telegraph Co. (Me.) (s-a)
Interstate Natural Gas (irregular)
™„".
International Silver, 7% preferred (quar.)™
Interstate Department Stores (quar.)
Investment Co. of America (quar.)
Investment Foundation, Ltd.—
6% convertible preferred (quar.)
5
6% convertible preferred (quar.)—™—.




—_™

7-3

6-10

50c

7- 1

6-15*

° 45c

Co

International Shoe Co.

7- 1

96 Vic

7-

6-15

1

6-15

$1.25

6-30

€-15

$1.75

-

7-

1

6-13

25c

6-24

25c

—

7-15

7-4

6-

7

(interim)—_

7% preferred (quar.)_—

—-

Common

,

(quar.)

$2 convertible

preferred (quar.)

Manufacturing (quar.)—

7-15

6-15

Mapes Consolidated

$750

10-16

9-15

Marathon:Paper Mills, 6%.pfd.

6-30

5-31*

$1.25

6-30

6-14

25c

9-

5

9-

1

5

9-

V

preferred
preferred

:

Midvale

Company

(quar.)™*—,

50c
50c

7-

1

6-20

7-

1

6-20'

$1.31 V*

—

7-

1

6-20

7-

1

6-16

$1.75

6-30

6-20'

$1.25

7-

6-

$1.50

7-,,l

6-

1

$1.75

7-

1

6-

1'

$1.50

7-

1

6-

1

$1.75

7-

1

6-

1

$1.50

7-

1

6-15

$1.50

7-

1

$1.50

7%

1

,

1

6-15

7-

1

6-15'

$1.50

7-

1

6-15

$1.75

7-

1

6-15

60c

7-

1

6-20

$3

7-

1

6-25

1

6-13

r

7-

50C

$2

1

6-13

7-

1

6-13

50c

—

7-

50c

7-

1

Refineries,

6-15

5c

Minneapolis & St. Louis RR.

7-5

6-30

6-20'

7-

1

6-15

7- 1

6-20

7-

1

6-20

$1.50

7-

1

6-15

$2

7-

1

$1.75

(quar.)—™—_—

■\ 6-15,

1

6-16.

7-15
7-

43 %e

.—™—

1

7-

$$1.20

preferred

1

6-10

7-

12 Vic

Monongahela Valley. Water, 7% pfd. (quar.)
Monongahela West Penn Public Service—

6-

6-20

50c

Monarch Life Insurance Co. (Winnipeg) (s-a)

V:; 77o

2'

$1.75

of America.™

Corp.

7-15

$1.50

(special)

Mississippi Power Co., $6 preferred (quar.)
$7 preferred (quar.) —;—,™—
Mississippi River Power, 6% pfd. (quar.) —
Mobile & Birmingham RR., 4% pfd. (s-a)—
Modine Manufacturing Co. (quar.)
Molybdenum

6-15'
9-

$2

pfd. (irregular)—™
Miller Manufacturing, class A (Initial quar.)

9-12

15c

Inc.

$1 prior

6-29

25c
5c

Mid-West

Miller & Hart.

1

7-1

6-15

7-

1

6-15

7-

1

6-15,

pfd. (A) (quar.)—

87 Vic

Montana-Dakota Utilities, .common.—-™—

10c

57c preferred (quar.)—
Montgomery County Trust (N. Y.) (s-a)——
Montgomery Ward & Co., common (quar.) —
$7 class A (quar.)™
—
Montreal Telegraph (quar.)——™—.

$1.25

7-

1

6-15.

$5

7-

1

6-15.

Monroe Chemical, $4.50

6-15

7- 3

6-

t$1.75

7-3

6- 6,

t$1.75

7- 3

6- 6

$1.25

6-29

6-10,

$3.50

6-20

6-I3.

40c

—™

6-9,

7-15

$55 Vic

.

(quar.)™.

9

7-15

t48c

(quar.)———
preferred A (quar.)————™_™_77c preferred B (quar.)———™——™™™
Motor Finance Corp., $5 pfd. (quar.)———
Mount Vernon-Woodberry Mills—
77c
preferred (accum.)—™™————.—
Co.

6-

$1.75

7%

Brass

7-15

50c

Moore Corporation, common

Mueller

.

6-29

6

6-16

6-17

9-1

8-15*

20c

6-30

6-16,

8-21:
8-21

11-20

.

11-20
6-16
6- 8
6-8
6-10
6-30
6-30
6-30 :
6-20
9-20>
12-20

6-15
6-9
6-9
6-15
8- 4
11-3

7- 1

6-26

7- 1

6-15

7- 1
6-30

6-15
6-15

7- 1
10- 1

6-19
9-18

7-15

6-15
6-30

50c

7-1

6-15

$1.50

.7-1

7- 1

6-17

62 Vic

;
™——

—__—

6-30

25c

——

(quar.)(quar.)

Co.——

9-

•1.12%

(quar.)

common

30c
50c

*

(quar.)

50c

8- 1
7- 1
8-15
11-15

*

6-15

6-15"

6-10.

9-206-16

,

7-1
7-1

1

7-1

6-20
6-21

7- 1
7-1
$1.75
7- 1
25c
6-30
37V2C
7-25
31 Vic
7-15
$1.25
7-15
$1.62Va /
7- 1
$1.62J/a
10- 2
$1.62!/2
1-2-45

Investment (irregular)—
—
Louisville Gas & Elec. (Ky.) com
5% pfd. ($25 par) (quar.)—
5% pfd. ($100 par) (quar.)
;__—
Lunkenheimer Co., 6Vs% preferred (quar.)™
6y2% preferred (quar.)—-—™—™™™-™-™
6Vi% preferred (quar.)™;
Lynchburg & Abingdon Telegraph Co. (s-a)™
$3
Macy (R. H.) Co., common
50c
Stock dividend (1 sh. of 4Vi^ series A
pfd. for each 10 shs. of com. held)—™
—™
Magnavox Company —_—_—-———25c
Magnin (I.) Co., 6% preferred (quar.)
$1.50
6% preferred (quar.)
$1.50
Maine Central RR., 6% prior pfd. (accum)
$3
Mallory (P. R.), 4V4% copvertible preferred
26Ac
Manhattan Co. (N. Y.) (quar.)
20c
Manischewitz (B.) Co., common—
$1
7% preferred (quar.)
—
$1.75
7% preferred (quar.)—
$1.75
Manufacturers Trust Co. (N. Y.)—
Los Angeles

$75c

__

25c
$2
25c

—

7-

$30c

Telephone

pfd. (quar.)__™
Metropolitan Edison, $5 preferred (quar.) —
$6 preferred (quar.)
1_,
—
$7 preferred (quar.)—™—__
$6 prior preferred (quar.)—___——
$7 prior preferred (quar.)
;——™—
Michigan Associated Telep., 6% pfd. (quar.)
Michigan Public Service, 6% pfd. (quar.) —
6% preferred (series 1940) (quar.)——
$6 junior preferred (quar.)
7% preferred (quar.)____
Mickelberry's Food Products—
$2.40 preferred-(quar.)_—_
Midland Grocery, 6% preferred (s-a)____—
Midland Steel Products, common
8% preferred (quar.)— ™_——™__™™—™_'
$2 non-cumulative preferred (quar.)™—

-

.4*

«

-

of America—
6-28

6%

$1.50

6%

$1.50

9-26

9-21

$1.50

12-28

12-21

37 Vic

7-15

6-30

6-28

6-15

preferred (quar.)——™.—
mm0:
preferred (quar.)—™——
6% preferred (quar.)___—
———
Mutual System Inc., 6% preferred (quar.)—
Myers (F. E.) & Brothers (irregular)

6-17
6-17"
6-17
7-15
8-25
11-25
8-25
11-25
6- 9

9- I
9-1
12-1
12-1

25c

$1;25

6-17

1

30c

6-16

$1.25
—

—

6-20

1

Murray Ohio Mfg. Co——:
_^™__
Muskegon Motor Specialties—
$2 class A (quar.)-™.———™——^——
Muskegon Piston Ring Co

'

—

5% preferred (quar.)
Participating
Lord & Taylor (quar.)

1

7-

6-15

5'/4%

V

6-17
6-20
6-20
6-15
6-30
6-16;

t$1.75
15c
37V2C

Theatres, 7% pfd. (quar.)™
(increased)—™—
;—
(quar.)_——

Lone Star Cement Corp.

77-

iquar.)_™_„

6-21,

6-26

——

-

25c

12 Vz c

1

6-30
6-30
6-30
6-30
7-15
6-30

50c

7- 3'

7-

50c
.■

——

6-20

1

7-15

$1.37 Vi

20c

—

—

Corp.——™———™

(quar.)™—™™.—:

—

Harvester—

(increased

International Minerals &

Extra

Lockheed

7-

6-10

6-30
7-1
10-1
6-26

$1.10
75c
(monthly) ___—$1
8% preferred (quar.).——-—
$2
8% preferred (quar.)^
'
$2
Locke Steel Chain (quar.)
———
30c

X

1

6-30
6-30
7- 1
8-1
9- 9
12-9
9- 9
12- 9
7-15

original stock—
-™—
Schuylkill Navigation RR. & Coal (s-a)

75c

6-19'

6-30

25c

7-1

4VZ%

6- 5

$3.30

Loews Inc.

Co., common

8-31

11-30

43 %C

3

6-21

Lock Joint Pipe, common

8-15

1

7-

50c

Special stock (quar.)
—
$3.30 original stock™—__,—_„™-

9-

62 Vac

'

5-26
6-15

50c
50c
$1.10 •

6-

6- 6

75C

&

6'

6-30

6-30

$1

Johnson

5

25C

$1.75

™__™.

Co.____

6-

7-

6-28
7-1

$1.121/2

6-20

_________

Dredging

Merck & Co.,

6-30
6-30
6-30

12V2c
25c
37V2c

6-24

20c

7-10
7-10
7-10

—

6-24

1

35c

Works, common—™™——™

Mutual Chemical Co.

Lipe-Rollway Corp. class A (quar.)—
$1 conv. preferred (quar.)—;
—
Lipton (Thomas J.), 6% preferred (quar.)__
Liquid Carbonic Corp.,AVifo pfd. A (quar.)™
Little Miami RR.,. special stock (quar.)—__

1

30c

—

Co.-——-™-™-™:

7-

$1.25

—™

Match

6-30

6-20

$3

Lion

1

7-

$1.18%

t$2
$1.62Vi

Lindsay (C. W.) & Co., Ltd.—
;
6Vi % preferred (accum.)_.
Link Belt Co., 6Vi% preferred (quar.)

7-

Murphy (G. C.) Co., 4%% preferred (quar.)
Murphy Paint Co., common (quar.)—.
5Vs7o preferred (quar.)——
—

50c
25c
$1.25

v;

6-20

7-26
10-26

8-1
11- 1
,

5-20

10c

™—™™—__™__™__„™_™__

—
preferred (quar.)—
6% preferred (quar.)™-:.—™
Merchants & Miners Transportation

:

30c
30c

6-15'

50c

5%

6-19
6-13

:

(quar.)_™—_™——™—_™™—

3

$1.25

™

Common

10c

——

Quarterly™—
—
_™__™_———
Quarterly
—
Lincoln Telephone & Telegraph Co.—
Class A (quar.)_™_———
Class B (quar.)__™
™.™
;
-

7-31

1

$1.50
$1.75

Co

$10c
$1.75

Works——50c

Locomotive

6-30

1

Industrial Brownhoist, 60c pfd. (acfcum.)—

Common,

7-

8

7-

30c
$1.31%

International

7-

7-

Indianapolis Power & Light, com. (quar.)—
5V*% preferred (quar.)
Indianapolis Water, 57o pfd. A (quar.)
Industrial Acceptance, 5% conv. pfd. (quar.)
Ingersoll-Rand Co., 6% preferred (s-a)™
Inspiration Consolidated Copper—
Institutional Securities, Ltd,—
Insurance Group shares (s-a)-—.
Inter-City Baking, Ltd..
Interlake Steamship Co
International Bronze Powders, com. (quar.)
6% participating preferred (quar.)—
International Cellucotton Products (quar.)™

6-30

75c

——

—

6-10

1

$1.50

—r.__

-7%

7- 1
8-

Lima Cord Sole & Heel

6-15-

Mengel Co., 5% conv. 1st preferred (s-a)—
Mercantile Acceptance Corp. of California—

9-15
6- 3
7-14
6-14
9-14
6- 3
6-19
6-13

6-30
6-27

50c
25c

:—___—™
Lehigh Portland Cement, common (quar.)__
4% preferred (quar.)™.
——
—
4% preferred (quar.)—
——.
Lehigh & Wilkes-Barre Corp——
Levy Brothers, Ltd. (irregular)™-™™™—,
Liggett & Myers Tobacco, 7% pfd. (quar.)—

6-10

Hummel-Ross

10- 2
6-20
8-1
7-1
10-2
6-22
7- 1
7- 1

62V2C

$2.50 preferred (quar.)——
Lehigh Coal & Navigation—

6-15

6-24

Co., 5% pfd. (quar.)_C™
Melchers Distillers, 6% partic. preferred™—

9-15

—

$1.50

6-30

43 %c

Meadville

6-17'

—62Vic

(quar.).—

6-30

—

7- 1

10c

preferred

Leath & Company, common—

6-30

50c

6-21
8- 5
11- 4
9- 5
12- 5
6-10
6-15
6-15

Lang (John A.) & Sons (quar.)—

6-20

$1.50

75c

Mead

6-20
6-20'
7- 3
6-10

7- 1
8-15
11-15
9-15
12-15
7- 3
7-1
7-1

(quar.)_

7-1

—

6-15
6-20:
6-20
6-20
6-20
6-17J
7-18

6-30
6-30
7-15
6-26

25c
$1.75
$1.75
$17Vic
10c

(quar.)

preferred

7%

7- 1
7- 1
7- 1
7-1
7- 1
8- 1

62 Vic
25c

& Sessions, $2.50 pfd.
(quar.)_—.
Machine, common (quar.)

6-20

15c

McWilliams

6-15
6-15

7- 1
7-1
7-1

20c
- 10c
25c
50c
37Vic

(quar.)——
(initial)

6-20'

7-15

McClatchy Newspaper, 7% preferred (quar.)
7%
preferred
(quar.)———-———
McCrory Stores Corp. (quar.)
McKee (A. G.) & Co., class B (quar.)__™—™.
McKesson & Robbihs, $4 preferred (quar.)
McQuay Norris Manufacturing (initial)—™—

6-12

25c
$1
$1.50
' $1.75

(quar.)™

7-15

mvssc

May Department Stores___———___———

6-12

$1.50

$1 convertible preferred

6-16

3

Mfg. Co., common

7- 1

7- 1.

62V2C
25c

—

6-20

Hudson Bay Mining ,& Smelting—
Humble Oil & Refining
—

6-2
6- 2,
5-30
6-12

87V2C
75c

6%

6-10

$17V2C

1C

7% preferred (quar.)—™

-

75c

——.—

6-30
6-30
6-29
7-1

$1.50

1%

7-3

$1
$1.25

.

Inc. (quar.)

6-16

Co.

Alkali

Mathieson

6- 8
6-15

12^c
—

40c

—

Hubbell (Harvey)

7-1

777777777-

37V2C

—

preferred (quar.)
Kings County Lighting Co.—

6-30

$1.00

—

Extra

7-

6-20

pfd. (accum.)

Metal & Thermit Corp.,

1
1
1
6-30
7- 1

6-15
6-20
6-20
6-15
6-19
6-16

(interim)

6%

6-21

7-

6-10

(quar.)—

common

Houston Oil Co. of Texas, 6%
67o~ preferred

Mines

La Plant-Choate

1

6-30

62Vic

Gold

7-18

77-

6-26

(quar.)—.™—

Mesta Machine

™_™_—™_—————™™—

6-21

6-10

20c

—™

6-15

—

7-28

6-20

7-1

25c

class

B

Special

Copper

7-

6-30

$1.12%

Hosklns Manufacturing

class

preferred B (accum.)—
preferred C (accum.)
5% preferred D (accum.)
™_—
Klein (D. Emil)
Co
Koppers Co., 6% preferred (quar.)___.
Kresge Department Stores, common—™
4% conv. 1st preferred (quar.)—-™.—.—
Kroger Grocery & Baking, 6% 1st pfd. (quar.)
7% 2nd preferred (quar.)

6-15
6-20

7-

6-20

Sl.O^Vi

—/

common

preferred

7-15

1

6-30

6-13

_

Electrochemical, $4.25 pfd.

7-31

Wheel,

B

Kerr-Addison

6-16

6-16*

6-30

25c
(quar.)——„—_™_-_—$1.25
Holland Furnace Co. (quar.)
50c
Hollinger Consolidated Gold Mines, Ltd.—
tlOc
Holt Renfrew & Co.,7%
preferred——t$3.50
■7% preferred (accum.)
$$1.75
Hoover Ball

1
1

6-24

preferred

Hooker

7-

7-

.

1
1

$1.50
$1.25
$1.75
$1.50
10c
$1.25
$1.50
$1.75
$1.12J/2
20c

Kimberly-Clark Corp., com. (increased quar.)

15c
15c
31Vic
$1.75
$25c

_

Hinde & Dauch Paper (Canada)
(quar.)
Hinde & Dauch Paper Co., common

'5%

8

50c

Hibbard, Spencer, Bartlett & Co. (monthly).
Monthly —

(quar.)
(quar.) _
A_———

6-26

3c
37Vic
$1.25
30c
25c
15c
43%c
$1
$1.75
25c

preferred

(quar.)—„

(quar.)

Kelly Island Lime & Transport Co.

6

preferred
—
—
Haverty Furniture,, $1.50 preferred (quar.)Hazel-Atlas Glass Co. (quar.)—-——
Hecht Company (initial)—
Helena Rubinstein, class A (quar.)
(quar.)_—_—;

common——

6-16

6-

Heller (Walter E.) Co. com.

(quar.)—_

pfd.

Gas,

7-

1

6%

7%

7-20

6-26

Corp.,

Kansas Gas & Electric

$6 preferred (quar.)__.
Kansas-Nebraska Natural

6-26

7-

Harvill

preferred B

$7 preferred

75c

Trust

Light—
(quar.)™—_____™_———
Kansas Electric Power (quar.)____—™—__
$6

Electric

Master

Kansas City Power &

Katz Drug Co., $4.50 preferred

6-15

(quar.)——„„

Hartford-Connecticut

6-14
6-15
6-14.
6-14

25c
25c
$5c

—

7- 6

$1.50
15c
$1.25
$1.25
$1.75
30c

preferred (quar.)-,———-———-—
Harnischfeger Corp., common (quar.)67c

1
1
1
1

50c
$1,25
$1.25
$2.95
15c
15c

Vegetable Parchment Co. (quar.)

Quarterly

$5 preferred (quar.)_
Kansas Power Co., $6 preferred

6-30

3%
50c

6-10
6-10
b-10'
6- 6
7-18
7- 1
6-2
6- 2
6- 2
9-15
9- 5
12- 5

37V2C

Steel Corp., com. (quar.)
Preferred, class A (quar.) —_™___™
5% Preferred, class B (quar.) ™___™™—
Kalamazoo Allegan & Grand Rapids RR. (s-a)

7-

Hall

7-1
7- 1
7- 1
6-20
8- 1
7-15
7- 6
7- 1
7- 1
10- 1
9-15
12-15

——

5%

7-1

25c

6-15'

50c

& Laughlin

Jones

$1.75

—

6-15
6-15

$1.37'/2
6% preferred (quar.)
$1.50
7% preferred (quar.)
$1.75
Jewel Tea Co,, common (quar.25c
4J/4% preferred (quar.)
——1—
$1.06V*
Joplin Water Works, 6% preferred (quar.)__
$1.50
---—

6-15'

5-31

—

6-15*

1

Massachusetts Investors Second Fund (quar.)
Massachusetts Plate Glass Insurance (s-a)

6-30
7—1
7- 1
6-26
6-30

Jersey Central Power & Light Co.—
*
5'/2% preferred (quar.)™™——™———

6-16

6-22
7-

—

37j/2C

6-24

10- 2
1-2-45

6-20'

1

$1.25

& Tel., common (quar.)
preferred (quar.)
:_™——_™_—
Martin-Parry Corp. (resumed)—™——
Marshall Field & Co., 6% preferred (quar.)
6% preferred 2nd series (quar.)—

7-1

$1.25
$2.50
$1.50
30c

7-

30c

7%

Mascot Oil Co—l

of Reo.

7-10

8c

Maritime Tel.

5-31
5-31'
5-31
5-31

Hoiaert

:^™™_
(quar.)_

Marion Reserve Power $5 pfd. (quar.)———
Marion Water, 77o preferred (quar;)

6- 9*
6- 9

7-1
7- 1
7-3
7- 3
7- 1
7- 1

$1.50
$17c
$$1.75
xl%%
xlVi%
xVA%

"

25c
$1.50

Special
Hackensack Water,

6-20

$3
$1
25c

Guaranty Trust Co. (N. Y.) (quar.)———
Guilford Realty, 67c preferred (accum.)—

Gulf Power Co.V$6 preferred

6-

1
1

7-

i$2.50

-——».

—

———

3

7-

6-15^
8-10
11-10
6-7

7-1

50c

preferred

$6

7- 1
7- 1
9-1
12-1

When

Payable

25c

Margay Oil Corp, (quar,)_™—_—
Marine Midland Corp.
Marine Midland Trust Co. (N. Y.)

6-15
6-15

7- 1

—30c
15c

:

7-

6-15
6-15

t$1.50

;——-

Quarterly

Irving Trust Co. (N. Y.) (quar.)
™——
Island Creek Coal, common (quar.)—™.

(quar.)—™—.—™__™™™_—
Jamaica Public Service, Ltd., com. (quar.)
7% preferred series A (quar.):——
7% preference B (quar.)
——5% preference C (quar.)i——™™™
—
5% preference D (quar.)—
™
Jamaica Water Supply, $5 pfd. (quar.)™—
Jamestown (N. Y.) Tel. Corp., Class A (s-a)
6% 1st preferred (quar.)
Jarvis (W B) Co.

(Montreal)

—————

Extra

6-15

7-1

20c
—31 Vic

(quar.)

6-15

6-30

Gruen Watch Co., common——————

preferred

6-15

7-1

—

5%

,

7-3

_™

Guarantee Co. of North America

6%

Name of Company

•

.

$2.10.
$1.95
$1.80
30c

(accum.)-

Per

of Reo.

thare

Holdere

Payable

-

dividend arrear certificates

7%

5-30

6-30

.....

When

thare

Holiert

When

Per
Name of Company

7%

Monday, June 19, 1944

THE COMMERCIAL & FINANCIAL CHRONICLE

2566

50c

■

67c

—

Automotive Fibres,

gtd. (s-a)—
Inc.—
-

Co.

Mi

—

National Refining;.Co., 6%
National Standard Co.

)
pr. pfd. (accum.)

(quar.)
Ltd. (quar.)™

7

6-7.

7-

6-12*

50C

50c

75c
2c

.

6-12*

1

6-12*

7-15

6-30,

1

7-15,

7-

$1.75
25C

1

7- 1

$1.75

8-

7-15

8-

1

8-

1

7-22,

10-30

10-201

2c
62 Vic

6-30

6-19

'

50c

7-

1

6-24,

$50c

7-

1

6- 8)

$37 Vic

7-

1

6-

12y2c
$1.50

6-30

8-

1

8

6-16,
7-21

15c

7-15

6-30,

$1.25

8-15

7-31

25c

6-30

6-20,

7- 1

6-

$1.50

7- 1

6-15,

7-

1

6-15.

7-15

€-15,

6

7-3

6-15

6-30

6-19,

6-30

6-19

6-30

6-19

7-

6-20

$1.50
40c

—™_™

$1.3iy4

1

7- 1

6-15,

•12y2C

)
preferred (quar.)
Newberry (J. J.), common (quar.)—

England Fire Insurance Co.

6-15

6-30

€-26,

$1.50

7-10

6-30

—

60c

7-

1

6-16.

England Tel, & Tel.
Fire Insurance (quar.)
Water (s-a)—

13c

7- 1

6-15

$1.25—

(quar.)

6-30

6- 9.

7- 1

6-14.

40c

New Hampshire

1

6-15

15c

6-30

6-15

7- 1

$1.50

New Haven

:—

*

7- 1

15c

—

——

New Idea, Inc.

9

6-

7- 3

$1.37 Vi

Baker & Co.——
Newark Telephone Co., 6%

New

6-

7- 3

$1

Nelson,

New

8-10*.
11-10,

35c

™™t-„™—

$5.25 1st preferred'(quar.)

1

$50c

$25c

National Steel Car Corp.

Common

9- 1
12-

7-15

50c

Natiqnal Sugar Refining Co.--(increased)
National Supply, $2 preference (accum.)
'5lk7o prior preference (quar,)™_™—
67c prior preferred (quar.)™™™!
Navarro Oil (irregular)

6-21,

15c

•

——

Nehi Corp.,

^-20.

$44c

--

-

,,

6-21

1

15c

Breweries, common (quar.)——preferred (quar.)—.
—
National Candy Co., common (quar.)— _
7 7a 1st preferred (quar.)——
—™_.
7% 2nd preferred (quar.)
—_—
National Cash Register (quar.)—
National City Lines, class A (quar.)™.—
$3 preferred (quar.)
—
—
National Electric Welding Machine (quar.)
Quarterly
—.—
—■——
National Enameling & Stamping (irreg.)—_
National Folding Box Co., common
—
National Grocers common (irreg.)
.$1.50 preference (quar,)_™__
National Lead Co., common (quar.)—
A 67a preferred class B (quar.)
National Manufacturers & Stores—
National Oats Co., 5%, preferred (s-a)____
National Oils Products...
Radiator

1

15c

77o

National

7-

7-

30c

National

.

6-21

1

...

'

(quar.)—.

convertible preferred

67c convertible preferred (quar.).
National Biscuit Co., common—™-.
'

1

7-

93%c

—-—-—

$2 2nd preferred-

>

7-

40C
50c

;

Nashville & Decatur RR. 7xk7o

National

67X2,

$1.25

.)
Manufacturing Co., $5 1st pfd. (quar.)

Extra.

6-30

12V2C

Nash-Kelvinator Corp.
Nashua

6-15t

7-

,

New Jersey

Power & Light, $6 preferred—

$1.50

New Jersey

Water, 7% preferred (quar.)

$1.75

7- 1

6-10'

$1.25,;

Znl

7-15

Newport News Shipbuilding

$5^preferred

—

& Dry Dock—

(quar.)—™——

i—

Volume

159

Number 4291

THE COMMERCIAL & FINANCIAL CHRONICLE
Holder

PerMr, When
■r1

Name of

New

York

Central

New York

.

;

■

City

Company

ihare

U-

RR._L

Omnibus—i.

i

$6 preferred (quar.)
N/Yv Trust' Co. (quar.)

American

Stock

Electric

"'!■
*

(1

Preston

7-

for

tomraon

Gas

Star

Oil

Ltd., 7%

Natural

B

preferred

Gas.

___•_

prior

Oklahoma

7-

1

5-20

7%.

$1.50

7-

1

6-20

7%
Otis

;

preferred

Natural

Gas,

Elevator,

A___

Companies,

$1.40

Putnam,

>

6%

6-15

3

$3.50

6-15

1

Reading

8

8

6-

1

1

6-15

1

6-15

7-

1

6-10

7-

1 s

6-10

7-

1

Real

'

6-10

7-

'•

6-16

A

Traffic

(J.

6-30

<

6-20
L

7-

6-

;':■:<

8-15

20c

6-20

$1.50

6-20

—

f20c

common..

7-15

Loan

7-

»5c

(quar.)__

7-

7-

t$1.25

Reliance
$5

Water

;

Remington Rand Inc.,
$4%

1

5-

1

5-

5

6%

5

6%

convertible

6-30

6-28

6-19

7-15

6-30

Common (irregular)
Reynolds Metals, 5¥2%
Reynolds Spring Co

6-30

6-15

Reynolds

7-

6-15

t$1.25

1

7%

(R. J.)

6-15

Richman

7-1

6-15'

Richmond

6%

6-27

6-10

6-27

6-10

$1

7-15

7-1

7-

6-12

River

50c

9-

9-30

(quar.)

6-30

6-

7-

3

10-1

Riverside

$2

12-15

Rochester

11-15

11-

4

4%%

2-15-45

'i

Roeser &

2-5-45

Rome

I

6-12

7-

1

6-10

70c

7-

1

6-10

Ruberoid

6-10

Rubinstein

6-10

Russell

30c

*

6-21

Roos

1

8-

1

8-

1

8-

1

7-

■

1

7-

1

6-10

$1.75

8-

1

7-10

$1.31 y4

8- 1

7-10

12 %c

6-30

6-20

12 %c

9-30

9-20

12-30

12-21

7-

1

6-21*

25c

6-30

6-15

7- 1

6-15

1

9-15

10-

7-

1

6-15

1

6-/HP

7-

1

6-17

7-

1

6-17

7-

6-

6-20

5

7-

1

6-20

6-21

6-14*

$50c

7- 3

6-15

25c

6-26

6-20

20c

7-

1

6-20

—

$1.12%

7-

1

6-15

—

$1.62%

25C

(quar.)

7-1

6-12

15c

(quar.)

(quar.)

6-30

6-14

8-

1':

7-15

50c

class A

6-10

6-26

6-10

25c

:

7-

1

6-15

90c

(quar.)

Company

6-20

15c

—

Porto

Russell

3

6-15
6-15

:

.

7-

X

6-15

$1

preferred

Croix

6-21

7-

1

6-10

7-

1

6-

(quar.)

common

9

San

Francisco

6-20
5-31

Savannah

7-

1

6-10

7-

1

6-30

$1

6-15
6-15

1

6-15

7-

75c

1

6-15

7-

1

6-15

$3

7-

1

6-23

$1.50

7-

1

6-15

$3

7-

1

6-15

$1.75

Loan

7-

$1.25

7-

1

5-31

37 %c

6-30

6-15

25c

Assn. (quar.)
(quar.)__—__________

Sangamo Electric Co.

6-30

6-15

6-26

10c

(quar.)—

Remedial

6-30

$$1.75
(s-a)

Paper Co.,

6-30

c

t2c

J30c

—

7-15

7- 1

6-15

_x!

$1,061/4
20c

•

,

:

,

m 1

$1.50

•7-1
7-

8%

6-10

6-20
6-

1

1

6-1

$1.50

common

.7- 1

30c

6-30

6-

6-30

6-

3

7-

1

6-10

62V2C

7-

1

Seattle

3

25c

6-15
/

6%

$2%,

10-21

9-30

7-15

6-23

Selected

$1.12%

8-1

7-14

8-

7-14

25c

50c

9-30

6-19
-

7-1:

r-6-30

75c

x__

—

25c

10-

1

6-24

,

$1.75

5

6-10

Simmons Co.

1

6-10

Simon

6-20

6-10

6-23

6-17

1
1

6-15

6-28

6-

6-12

5-29

50c

7- 1

6- 9

(quar.)___
(quar.)—
____

•-

t$1.50
}75c

7-

1

7-15

Mines,

Co.

1

6-24

8-

1

7-20*

$1.12%

8-

1

7-20*

7-

1

6-15

(H.)

Sinclair

6-29
7-

6-19

1

6-

2

7- 1

6-10

7- 1

6-10

1

62c

7- 1
7-

-

6-15

1

6-15

19c

6-30

6-20

6-30

6-23

6-25

6-10

"7-

1

6-21

6-

$3c

7-15

6-30

5c

6-21

(interim).*—

1

6-28

8^ 1
7- 3

6-10

$30c

7-28

$1.20

6-25

6-27

6-19

6-30

6-

3

6-30

6-

3

6-20

7-15

6-20

40C

7-

1

6-15

11c

7-15

6-15

$6

(quar.)
preferred (quar.)

Smith

6%

(Howard)
preferred

Snap-On-Tools

Paper

Corp.

(quar.).

6-20

75c

7-1

6-19

f$3

7-

1

6-15

$1.25
$1,06Vi

7-15

6-30

7-15

6-30

30c

6-30

6-17

$3

7-1

6-17

$1.25

6-30

^

*:

pfd. (accum.)_

■—

5%

preferred——_____

—

6%

conv.

preferred

(quar.)——__

Steel Products Engineering Co.
Stetson (J. B.) Co., common

$5

Sun

preferred
Life

Sunshine

Mining

Superior

Steel

Supersilk

&

$1

7-15

7-1

7-

1

6-22

7-

1

6-12/

7-

(quar.)

f$3.25

changed

name

to

Mines

(James)

Texon

Oil

(quar.)_____
6% preferred

Co.,

&

12-

1

6-30

6-15

8-

1

6-17

10c

7-

1

6-1&

683Ac
f20c
162%c

7-

1

6-15

7-1

6-9

25c

6-30

6-15

7-1

25c

6-9

6-28

6-12

50c

7-1

6-9

30c

(quar.)____

7-15

7-1

10c

6-30

6-2

i

Oil, $4.50 pfd.

50c

7-15

7-

(quar.)

$1.12%

7-1

Axle

6-9

50o

6-20

6-10*

____________________

6/

8-10

Underwood

Elliott

Union

Bag &

Union

Carbide

6-20

6-15
6-15
6-15

Union Electric

$5 preferred
Union

Fisher

of

Co.

(quar.)

Investment

7.6%

preferred

Union

Pacific
Twist

United

Carbon

Co.

United

Elastic

United

Standard

United

&

United

5%

Merchants

7- 1

6-15

7- 1

6-5

6-29

6-22

7-

1

6-19

75c

7-

1

6-15

35c

6-30

5-19

10c

6-30

5-31

f4c

6-30

6-15

50c

—

7-

1

6-12

:58y3C

7-

1

6-15

53c

7-1

6-15

50c

7-

1

6-15

7- 1

6-15

7-10

6-20

—

_

(irregular)—

Co.

&

—__

Manufacturers—

preferred (quar.)_

United New Jersey RR. & Canal Co. (quar.)
United Printers & Publishers, Inc.—
$2 preferred
(quar.).—

41%
$2.50
50c

—

1

6-10

6-20

6-10

6-20

6-10

6-10

6-15

95c

(monthly)
6.36% preferred (monthly)—.
6%
preferred (monthly)————

7-

6-26

7- 1

10c

2

$1.50

preferred

$1.25

25C

7-31

50c

common

Illuminating

7%

8%

1

6-20

_

$2

7-1

6-15

$1.50
$1.75

6-30

6-21

7-1

6-20

50c
$1.75

7- 1

6-15

7-

1

6-15

$1

6-30

6-21

1

6-10

S,

7%
U.

S.

$5

pfd.

7-

Foreign Secur. $6 1st pfd. (quar.)
U. S. Gauge Co., 7% preferred (quar.)—_

S.

U.

6-30

8-15

6-17

United Light & Railways—

6-10

6-13

7-31

—

Improvement, common (irreg.)
/ United Gold Equities of Canada Ltd.-r-

7- 1

1

common,—

Gas

7-15

7-30

______

(quar.)

t15

7-

8-15

Corp

Upres-sit Metal Cap,

$1.50

6-

$1.12%

7-

Air Lines Inc.—_______50c

United

U.

$$1.50

7-1

Drill—.

(accum.)

&

Gypsum

Co.,

preferred
&

common

1st

U.

S.

pfd.
Leather

S.

Pipe &

(quar.)

(quar.)

International

U.

—

_x___

6-20

6-26

$1.25

$4.50 pfd. (quar.)

(quar.)

6-30

—

(accum.)

Co.,

7%

Foundry,

Common

(quar.)

Common

prior pfd.

(quar.)—

$1.75

(quar.)

7-

40c

S.

Playing

S.

Plywood Corp., common

(quar.)

$1.50 convertible preferred

(quar.)

8-31*

12-20

11-29*

50c

7-

1

6-15

30c

.

(quar.)

5-31*

9-20

40c

(qvfar.)

—

6-20

40c

common

U.

Card

^

Securities—

U.

Ltd.-

6-30

15c
75c

-

(quar.)

RR.

6-30

6-13

50c
-

___

Co.,

6-20

6-13

Corp

Mo.,

6-14

1

7- 1

Co.—

Carbon

&

1

1

6-15

8c

.

Paper Corp

I

7-

50c

—

iTybor Stores, Inc..(irregular)

8-

50c

(quar.)—.

6-20
6-30

.

St.

1

6-1

11-10

/

•

Salle

1

6- 5
6-15<'

,

South Lt

6

11-15

Tip-Top Tailors Ltd., common (quar.)
$7%c
7- 1
7% preferred (quar.)
t$1.75
7- 1
Tonopah Mining Co. of Nevada (irregular)3c
6-26
Toronto Mortgage Co. (quar.)j$1.25;
7- 1
Trinity Universal Insurance (quar)
——'
25c.«
8-15
Quarterly
25c
11-15
Tubize Rayon Corp., common——__________
25q •
7- 1
7%- preferred
$1.75
7- 1
Tuckett Tobacco Co., Ltd., 7% pfd. (quax.)
t$1.75
s.7-15
Tunnel RR. of St. Louis (s-a)__———___
$3 >> „7- 1
Twentieth Century Fox Film, com.
(irreg.)
50c.
6-30
$1.50 convertible preferred (quar.)
37V2C
6-30
Twin City Rapid Transit, 7% pfd. (accum.)
$1.75
7- 1
Twin Disc Clutch Co.
(quar.)
75c
6-24
208

6-20
5-

8-15

20c

common

Timken-Detroit

1

$1.25
.

Land—

Shovel,

7-

7-15

9- 1

50c

(quar.)_

■

6-20
6-1

25c

(quar.)
preferred (quar.)—__

Company
Water

'/

6-30

7-1

t3c

(quar.)

Texas

1

50c

(irregular)

■Tennessee Alabama & Georgia Ry
Tennessee Corporation
Texas

6-15

1

■'

common

participating
Tamblyn (G.), Ltd., common
Preferred

6-

7-

25c

common

5%%

6-15

6-30

40c

Tacony-Pahnyra Bridge, class A
5% preferred (quar.)__
Talcott

6-15

1

Corp.

(quar.)

Syracuse Transit Corp.,
Common (irregular)

6-12

7-

'•

(quar,)_
Sylvania Electric Products
Gold

-

1

7-15

t2c

—_

Co.

Sylvanite

7-^1

—30c

General Products Mfg.
Co.
of America

6-20

7-15

25c

Sweets
Swift

6-20

6-15

10c

Mills

1

$1.25

(quar.)

Hosiery

7-

6-30

$1.25

Corp

1

50c

(interim)

(Canada)

6-15

20c

(quar.)

Asurance

6-15

7-

J75c

'

(quar.)

8%
preferred (accum.)
St.okely Brothers, 5% prior pref. (quar.)_x__
Strawbridge «Sc Clothier, 5% pfd. (accum.)—

15c

—

common

—_:

Mills,

(quar.)

1

9-15

$1.25

:

——

—

7-

12-15

8-

& Corona Typewriters-

Common

50c

12-30

20c

preferred

(L. C.)

6-10

—

$$2

—

Iron,

6-20

6-30

30c

&

7-15

$1.25

■

9-30

$1.62%

(accum.)

Corp. (increased)
Skenandoa Rayon Corp.—
5% prior preferred (quar.)_
5% preferred class A (quar.)—
Steel

(quar.)—-

8- 1

preferred

6-28

t$1.75

(quar.)

Oil

Sloss-Sheffield

7-15

1

$1.06%

(irregular)
preferred (quar.)

•

1*

6-30

8-

6-30

7-10

25c.

(quar.)

preferred

6-17

7- 1

25c

5-30

$15c

$15c

i___—;
common

6-30

$1.25

5-22

$3c

—

Canada

6-15

(quar.).—$1.25
> • 5%
preferred (quar.)
$1.25
Stedman Brothers, Ltd. (quar.)
—
t25c

6-10

10c

$$1.75

of

—

& Sons,

10 c

$1.25
——

(Quebec).

Ltd.

preferred

Smith

$1

(quar.)—

6%% preferred (quar.)—

6-15

7-

25c

____




7-

7-

$1

25c

Co.

Mines_:

Simpsons, Ltd., 6%%

'

(quar.)

Sigma

7%

6-15

50c

______

1

:

6-20

7-

$1.37%

15c

preferred (quar.)

7-

$1

__.

Gordon

7-

$2.50
15c

;

Fuel

Mining Co.. Ltd

Sherritt

6-10

1

G.)

/Sherwin-Williams

1

,7-

6-20

$1.25

(quar.)—
(quar.)
Sheller Manufacturing Corp

15c

(quar.)——

pfd.

(Frank

7-

$1

—

Inc.———L—

$5 convertible preferred

9-15

$2.50

(quar.)

(quar.):

Sheep Creek Gold Mines

5-31

75c

Gas (auar.)_L,
;
class B $5 pfd. (s-a)_.

prior preference

6-15«

1

$1.25

Ohio, 5% pfd. (quar.)
preferred (quar.)

(Frederick),

Union

Americaii Shares

$1.75

(quar.)_____________

non-eumul. partic. preferred

conv.

Shattuck

6-15

6-10

7- 1

$1.62%

'

(R. B.) Inc. (initial quarterly)
Sharon Steel Corp., common

6-12
.

6-20

37 %c

class A preferred

7%

__

Pratt & Lambert Inc.^__—

5%

x

■

'

t5c

6-20

1

$1.50

Semler

;

6-20

1

7-

■■,3c

(quar,)
Seiberling Rubber Co.—

10-21

1

1

7-

/

preferred

50c

(quar.)

'

Brewing & Malting Co
Electric, $6 preferred (quar.)__
Acceptance, .common—

50c

•

7-

$1.75

50c

——

Securities

•

xi—

._.

Scranton
.

75c

$1.06%

$2

$1.87%

——-

B

C

$4.50 preferred (quar.)
'Scovill
Manufacturing Co

6-20

50C

(quar.)_

Ltd.

debenture

"v

*

,__x_xL__

(quar.)_—

debenture

(quar.)—:
(quar.)—__—
6V2 % debenture D (quar.)___
Schenley Distillers Corp., 5%% pfd. (quar.)
Scott Paper Co., $4 preferred
(quar.).—__
7%

1

■

debenture A

7%%

6-20

7-1

7-

—

Electric & Power Co.—<

■

25c

of

Tidewater Associated

Sugar Co.

Industries, Ltd.,

Co.

5%

Thew

South

6% preferred (s-a)_
St.'Louis Bridge, 3% 2nd preferred (s-a)
6% 1st preferred (s-a)
—x_—:!
St. Regis Paper, 7% preferred (accum.)

6-8

7- 1

,

St.

Rico

preferred (quar.)
Consolidated Petroleum

5%

6-15

stockholders of

10- 6

$1.25

/:

<quar.)

Steamship Corp.—

5%

.■

$1.37%

7-12

10-16

$1.12

Common

v

6-10 '

$1.50

Oil

5-31
6-15

1

7-14

Stecher-Traung Lithograph Corp.—

7-15

7-15

6-15
7-

$1.75

__

(accum.)

convertible

Stearns

6-10

$1.50

Safety Car Heating & Lighting Co
Safeway Stores Inc., common (quar.)

7-1

4Va%

7-15

7- 3

&

6-15

$1

(quar.I

Standard Screw, common
6% preferred A (s-a)

6-20

7-

Fruit

preferred

Standard

A

Mfg., $5 preferred

Standard Fuel Co. Ltd., 6%%

6-15

6-30

15c

—

6-

37 %

Creek

Premier Gold

6-10

(quar.)

6-28

$1.25

6%

6-10

1

Ltd.—

7%

50c

__L '•

(quar.)__________

of Canada,

1

7-

$3

6-20

7-

Standard

6-5

7- 1

35c

(quar.)—-_x

Standard-Coosa-Thatcher

7-20

30c

(A. E.)

5-29

6-20

6c

(E.

Staley
:

'

V $1.25

R.) & Sons, $5 pfd.
$4.25 preferred B (quar.)

6-16

1

25c

Ryan

■

Pocahontas Co. (quar.)
'Port Huron Sulphite & Paper—
4% preferred (quar.)
6%

6-17

,

common__—50c

preferred

Squibb

6-17

1

6-23

$1.50

6-15

$1.75

(quar.)_.

'& Chocolate (quar.)__
Plough, Inc. (quar.)
'Plume & Atwood Manufacturing Co.

■Power Corp.

1

7-

$1.25

6-15

■;r-/7-s 1

5%
;

■V 7-21

(quar.)

7-1

$1.25

Coal

Pocahontas

7-

50c

7-1

40c

Planters Nut

:Pond

/

Square D Co.,

1
2

(quar.)——_

5% ptd. (quar.)_
(Dallas) (quar.)

i
Quarterly
Springfield Gas & Electric, $7 pfd. (quar.)

6-17

1

;

6-15

$1
*

7%
preferred (quar,)_____
'Pittsburgh Plate Glass (quar.)______,

Plymouth Oil Co.

8-

11-

I

Corp.—

1

12 % C

(quar.)_

___L'

(Hartford)

6-15

1

$1.75

$1.50

'Pittsburgh Forgings Co. ____:
__x_vx____
Pittsburgh Fort Wayne & Chicago Ry> Co,—

Pittsfield

9-

7-

Co.

Sullivan Consolidated Mines

7-

(quar.)_

(quar.)

common

6-15
6-21

12- I

$3

common

8-15

(A. G.) & Bros., 1st preferred
Springfield Fire & Marine Insurance Co.—

'

$1.75

6-15

"

pfd.

1

8-

•

$1.75

•

7%

1

7-

12 %c

1

Pittsburgh Bessemer & Lake Erie—

Pittston Co.,

7-

6-30

■

60c

(Helena),

9-15

Spalding

6-15

—

(quar.)_

7-

$1

(quar.)

.Pittsburgh Thrift Corp.

6-15

1

——

pfd.

1

•

.

1

'

(quar.):

(quar.)

7-

7- 1

7-

(irregular)

$1.25

preferred (quar.)—.
414% preferred „(quar.)
•Phillips Packing Co!—

Common

Southwestern Gas & Elec.*

$4

(quar.)

&

6-16

Southwestern Life Insurance

8-

Co.

Payable to

5-29

6-30

$1.50

6-12

15c

7-

6-15

6-21

Telephone Co.—

6-22

15c

6-21
•••'

Associated

preferred
(quar.)-;
Southwestern Engineering

6-13

25c

Inc., $6.50 preferred

Common

6-20

25c
'

1

(quar.)

10c

;

4%%

j

pfd. A

25c

(quar.)

Dairy Products—

(s-a)

Bros.

7-20

6-21

(quar.)$1.25
(quar.)—___________
10c

Co.

1

30c

Co

Pendleton

7-15

6-15

8-15
7-15

preferred

7-13

5c

Mills

6-20

6-28

50c

(quar.)—

6-20

7-15

5%.
t20c
f$1.50

(quar.)

7-15

34%c

Railway Co.—

non-cum.

7-

25c

(interim)

Co.

Cable Corp.

7-25

-

Common

Southwestern

37 %c

Corp. (quar.)
preferred
(quar.)

1st

$1.25

'Philadelphia Transportation Co.—
$1 participating preferred (s-a)____
V.t.-c. for' partic. preferred (s-a)

'

1

$1.25

$1.25

Mines

8-

40c

Telephone

6-30

5c

Gold

8-31

40c

Paper

Silk

5

35 c

(quar.),
(quar.)

Insurance

Southland Royalty

12 %c

participating class A preferred

8-

75c

-_L-—

Crow

1

8%c

Roberts Public Markets

8-15

12 % c

$1 preference common (quar.)__.__.
'Philadelphia Electric Power, 8% pfd. (quar.)
'Phila. Suburban Transp. 6% pfd. (quar.)—_

.Phoenix

6-

87 %c

(quar.) —r

common

Metal

;

35c

.

'Pickle

6-30

t$l

preferred (s-a)

35c

Sand Corp., com.

Co,,

6-20

7%c

(quar.)
pfd. (quar.)

preferred

8-15

—_

7-

(s-a)—_—

8-15

6-20

Southern Phosphate
.5%

1

9-1

37%c

Extra
Southern

9-

6-30

(quar.)_

50c

(quar.)

Inc.,

Raisin

6%

9-15

1-1-45

Co.,

6-15

25c

(stock div.)

common

50c

—

Works

Water

convertible

Riverside

v

6-15

1

50C

Brothers

Co,

6-24

25c

conv.

Pacific

7-15

$1.50

6-15

7- 1

10c

Power,

7-1

Riverside & Dan River Cotton Mills—

6-16

6-20

50c

^

Ritter

8

15c

9

6-15

6-15

tquar,)____

Co.

participating preferred

Southern

9

6-

Tobacco Co.—

preferred

5%

1

6.

Plastic

87 %c

1st and 2nd preferred (quar.)
1st and 2nd preferred (quar.)

6-26

50c

common,

&

1

1

1

7-1

$6

5%preferred (quar.)

75c

_x_*L/:,l:

Philip Morris

Canada

(s-a)——

Reymer & Brothers, common
Common (irregular)

$1.40

,

'Philadelphia Electric Co.,

'

preferred

7-15

Co._i

preferred

Southern

$1.12%

Revere Copper & Brass, 7%

6-15

50c

preferred

6-20

7-15

.

1

40c

common

Ltd.

7-1

7-

6-15

7-

50c
37%c

5%
original preferred
(quar.)—
5%% preferred C (quar.)

15c

prior preferred A (quar.)

conv.

7-

25c

Co.

California

6% preferred B (quar.)
Republic Steel Corp., common

1

6-15

quar.)__

.____

Mines,

Southern

75c
■

common

6-15

.____

Co.,

6-12

6-30

1

12 %c

ioc

(quar.)

&

Southern

-

7-1

7-

50c

—

5-29

$1.75

Republic Investors Fund, 6%
6% preferred A (quar.)

9-15
6-

5-29

7-15

$2

Advance. Bag & Paper
California Edison—

6-12

7-

7-

90c

South West

$1.25

(quar.)__

Saratoga RR.
Motors, Inc. (irregular)

Reo

,

5-24

1

preferred

,

Rensselaer

1

$1.50
•

(quar.)
(s-a)_j

Stove

prior

1

6%

(quar.)

$1.50

(quar.)

preferred

$6

6-15

6-15

(quar.)

$1.75

& Engineering Com
preferred (quar.)__
Mfg. Co. (111.), common

10c

'Philadelphia Co., $6 preferred, (quar.)______
$5

1

6-30

$1.12%

—

Southern

$1.25

6-15

40c

6-20*

:

1

$17-1

preferred

6-23

(quar.)_——'

.

preferred

$1.25

Co,_x_x_-L_wx_^LL_xxix_r.._''__Li':'

Milk* CO.,

Philadelphia

8%

6-30

Elec.

preferred

7%

Pfaudler

',

$1.50

6-15

25c

1

(quar.)

Works

Perfect. Circle.

•

6-20

7-15

$1.50

7% preferred

7-

•

Peoples Gas Light & Coke

Extra

7- 1

(quar.)

Special

i.

6-23

Bit

7-

L

:

Pennsylvania
(irregular)
Pennsylvania' Sugar, 5$ preferred
Pennsylvania Water & Power, com.
$5 preferred (quar.)
'Peoples Drug Stores (irreg.)

£.'■

.

50c

conv.

,7%

'

:_

_____

(quar.)
Railroad

_

6-15

62M2C

5% pfd.

Sugar (increased)—.——
Company.
Rico Sugar Co., com. (interim)

$1.75

(quar.)___

Canada

of

50c

$1.12%

______

(quar.)

common

$5 preferred

1--4Va%

7-1

7-

&

50c

voting

(quar.)—
preferred (quar.)—
preferred (quar.)

50c

1

Power & Light, $7 pfd. (quar.)
preferred (quar )__

Gold

6-15

6-30

—-u._u.iL.____:—

Co.

convertible

Reliance

*

preferred (quar.)

Perron

$1

Pennsylvania Pipe Lines (quar.)
Southeastern Greyhound Lines (quar.)

$1.25

preferred

$2

2nd

Roller

5%

5-24

•

10-15
•*'

f50c

x__

Perfection

(accum.)—._______—_

Rico

Porto

Extra

Reliable Stores, common (quar.)

6-15

'Pennsylvania

"Pet

Porto

Russell

South

6-15

1

5-25

$1.50

6-

7-

6-30

6-23

(accum.).

6-30

$1.25

Regent Knitting Mills, $1.60 preferred (quar.)
$1.60 preferred (quay.)

"7-15

:

Extra

Peoria

class A

1st

South

6-15

'

6

1

t$1.75

1

(reduced

Pennsylvania Glass

:

1

oj Re0.

7-15

5c

50c

_

■

6-15

1

8-15

(quar.)__.

C.)

1st

Inc.,

Co.,

Estate

Reed

6-15

7-

20c

(quar.)__
$2.80
preferred
(quar.)
Pennsylvania Exchange Bank (N. Y.) (s-a)_

$6

pfd.

Holuert

Payable

25c

—

25c

(quar.)

common

Reed Prentice Corp.,

6-15

:$25c

Pennsylvania Edison, $5 preferred
•*

5%

1

Reed Drug/ common (quar.)___
Class A (quar.).—
-L_——

,

9

6-30

t$1.25

(quar.)___

(quar.)

Telephone,

class

1

7-

Fund——

Co.,

conv.

Rayonier,

5-26
6-

6-

(quar.)

$1.40 class A
$1.40

7-

—

preferred :(quar.)x___—
Corp. of America—-

Radio

6-19

1

(George)

Quaker Oats

6-10

6-30

______

(quar.)

quarterly

class A

Penney

Share

pfd. A (s-a)_—

conv,

preferred (quar.)——■
Penn
Oil Co.
(quar.)__—
Pittsburgh Water Co.—
4%% preferred (quar.)_

!

Co., 5%
preferred (quar.)—

'

Penn

50c

(quar.)—
preferred (quar.)—_____

Oil

6%

50c

Common (quar.)

.'

7-

41%c

preference

Purolator Products

7-

•-

$2

(quar.)

Appliance

Common

Pure

6-10

Parker-Wolverine Co.
Peninsular

prior

6-15

6-20

••

Ltd.

Paramount Pictures

'

6-20

58 %c

—

common

6-15 :'■*

6-24

35c

_

Increased

6-15

1

50c

South

See

(quar.)——.—«—

Corp.

6-15

7-

$1.25

Special

Parker

1

7-

$6

9

Oklahoma—

non-voting

1

6-30

$1.50
A $2.50

_____

(quar.)
Panhandle Eastern Pipe LineCommon (increased)
5.6% preferred (quar.)

preferred

of

1

7-

$1.25

___

Common

4%

7-

37 %c

(quar.)_

—A,

(quar.)

1

6-24

$1.50

Service

Tubes,

Co.

preferred

$5

6-20

7-

-

40c

(quar.)_____
(quar.)____
Pacific Tel. & Tel., 6% preferred
(quar.)

„

Y.)

Original preferred (quar.)—_____
Puget Sound Power & Light Co.—

(Minn.)—

series

-7%

:,Common

6-21

7-

71/2C

Lighting Corp. $5 pfd.

Pacific Public

•

6-30

1

Service

Publication

6-30

;

6-20

$25c

(quar.).

dividend

Paraffine

(N.

—

7-

25c

common

Aircraft, Ltd.,

Power Co.

Page-Hersey

6-

Colorado—

(monthly)

7-

•

50c

...

'
.

3

75c

Pacific & Atlantic Telegraph (s-a)
Pacific Indemnity Co.
(quar.)___
Pacific

of

7-

$2

t$1.25

.

6-

1

7-

5oc

xl

(quar.)

preferred

$4j/2

6-10

6-28

50c

Ottawa Electric Railway (quar.)
:
Ottawa Light Heat & Power, com.

Otter Tail

7-10

Co.

South

Public Service Electric & Gas, $5 pfd. (quar.)

8-7

43 3/4 c

6% preferred (quar.)_i_

5%

preferred

Trust

&

Co,

5%'' preferred

6-10

•/' 8-

6-30
,

$1.50

•

3

7-25

87V2C
v;

7

9-u

7-25

$1.50

common

&

\

40c

common...

Products,

preferred

Car

Service

Public

6-10

6-26

t6c

'."V.;.

(quar.)

Service, class

Steel

Ottawa

5-31

•7-

I.)—

(R.

preferred
(monthly)—:
preferred (monthly)
Public Service Corp. of N. J., common
6% preferred (monthly)

Co.—

Ontario Loan & Debenture Co.
'

1

South Carolina Elec. &
Gas,
South Carolina Power Co.—

•'6%

6- 3

7-

25c

I

Corp., -.common
8%
preferred (quar.)____
Cnomea Sugar Co._____x__Li_

■

6rl5

Prudential Investors

6-10

•

„

8-

>:

$1.62 Vz

v

1

7-1

t$1.50

"

1

7-

50c1

common—

Omnibus

Ontario

6-12

7-

i5c

1 $1.37%

5 %;

(W;

—

...

Ohio Seamless Tube
Water

Public

16c

________________

Ohio

Public Nat'l Bank

6-20

50c

(quar.)..
6% preferred (quar.)
Ohio & Mississippi Telegraph Co._l__-__l.L_
•$1%

6-15

$1.50

$6 preferred (quar.)_____
("Ohio Finance, 5,% prior preferred

•"

8

6-

6-30

,'t83/4C

(accum.)

Ohio Cities Water, $6 preferred (accum.)___
Ohio Edison Co., $5 preferred (quar.)___..-_

''

1

7-15

Corp
Sorg Paper Co., 6%
4.6% preferred B

62% (J*-.

—_—

Washington Insurance

6-30

717/ec

_____

...-Class

Sonotone

(quar.)—__

.

No-Sag Spring, (irregular)
______
Nova Scotia Light & Power (quar.)_x______
Novadel-Agcne Corp. (quar.).
Nu-Enamel Corp. - (quar.) ___:
Ogilvie Flour Mills, common (quar.)
Ohio Brass, class A'

'

Providence

7-3

75C

Norwalk Tire & Rubber, 7% preferred (quar.)
Norwich'& Worcester RR., 8% pfd. (quar.)_

s

6-12

6-16

6

&

Northern Paper Mills (resumed)
-Northland Greyhound Lines, $6.50 pfd. (quar.)
,v Northwestern
Telegraph (s-a)

\

6-16

7-

30c

(s-a)________

Ontario Power,
preferred (quar.)

6%

7-1

6y4c

5Va% preferred (quar.)___—
Proprietary Mines>

7-

Northern

.

1

6-15.

7-1

held)

Northern Liberties Gas

Northern

Solar Aircraft

—_

American

North

Mines

6-15

7-

of Company

Name

6-12

7-

When

rer

of Re0.

3c

Gold

1

7-

Holder «

1

—

Price Brothers & Co., Ltd.-—v

North

100

Payable

25c

|5c

common,..:

Dome

50c

Pacific

each

6-30

East

}.25c

____—_

.

5%

6-16

10c

When

thare

.

25c

6-16

1

1

Car,

—

1

$1.50

of

Steel

1st preferred (quar.)_
2nd, preferred (quar.)——.

7-

87 V2 C

:

>$%■■ preferred
(quar.)——
.5% % preferred (quar.)
North American Life Insurance, common.™

■

5%

$1.75

_

sh.

6-16

.7-

Car

dividend.

6-27

75c

Corp., common (quar.)
S6 1st preferred-A (quar.)
»;
$6 1st preferred A (quar.)—
.'North American Co., common— /::>%:////■/■
'

Pressed

$2.50

Niagara Share Corp. (Md.) class B
Niagara Wire Weaving, (quar.)
Noblitt-Sparks Industries
North

5-27

$2.50

■b

i

Name of Company

7-15

75c

■

NY *& Harlem RR., common
(s-a)
'10% preferred is-a)__—____•—.
N. Y, Mutual Telegraph %s-a):___x_-L-._L.LL-_';
New York Power & Light, 1% pfd. (quar.)__

-

Per

.0/ Reo

Payable

j,

50c

2567

7-20

7-10

7-

6-20

$1.18%

1

4

■

U.

prefered (quar.)

5%
U.

S.

$1.25

6-30

6-15

7-

1

6-15

7-

1

6-21

25c

62 %C

10- 2

12-23

6-30

6-30

6-10

$1.75

9- 9

Common

7%

Class

B

9

7-15

Wisconsin

9-20

$1.75

7-20

10-20

Power,

6-26

6-15

6-30

6-15

7-

1

6-20

6-30

6-15

$3.50

7-

5

8-1

Electric

preferred

6-

7-

1

6-

7-

1

6-20

.297733*

.297733*

.251247*

.251247*

.251247*

8-

1

$1.75

3.228000

Australia, pound
8-15

8-31

.060587*

.051275*

.051275*

.051275*

Official

.909090

.909090

.909090

.909090

Free

.906406

.906250

.572766*

.572766*

Official

6-17

Free

25c

7-

1

6-15

$1.75

6-30

6-19

25c

6-24

6-12

$1.12%

7-15

6-20

Colombia, peso
India

t$1.75

7-15

87 %c

6-24

6-10

50C

6-30

6-16

Official
Free

7-

+20c

$1.06%

1

6-20

Union of South Africa,

1

6-15
6-10

1

6-

5

1

CD

©

3.980000

.658300*

.658300*

.529640*

.529640*

.529640*

.529640*

.529640*

:

*.

.

.

:

.

;

;

;

Combined

investments.-.^

profit
for

officers

.

depreciation
paid as remuneration to execu¬
of the companies and for legal

1,200

of

$110,126

Market—

which has been unavailable to the public since
sale on May 4, 1943, is now returning to the

said that "most elaborate scientific controls
proprietary preparation" have been devised, consisting
than 138 separate tests of ingredients and product and

$172,606

68,866
36,000

69,385
54.000

$0.34

$0.86

....

dividends

share

.

Balance

Consolidated

Sheet,

Jan.

1,

1944

accounts

bank,

less reserve, $6,336; inventories, $2,020,1951 longetc., less reserve, $4,298; amount provided
shares for benefit of employees (less written off by

mortgages,

loans,

purchase

of

of $21,630), $27,374; refundable portion of excess profits tax
(estimated), $125,000; investment in and advances to U. S. subsidiary

company

companies,

machinery,

buildings,

land,

$2;

for

advances

bends,

victory loan

$203,686;

fixtures and other
$1,527,289), $1,029,570;

Profit

_l

Federal

before

tax

479,639

_____

,

$1,537,274
313,879
94,000

Condensed

Corp.—Earnings—

Statement

for

Income

of

the

:

Net

tax

income

115,000

——

$219,879

2,001,089

$0.12

______

share

common

per

—

income

charges

Federal

income

"■Federal

Appointed—

Guaranty Trust

been appointed trustee,

of New York has

Co.

registrar and paying agent for an issue of $13,000,000 15-vear
sinking fund debentures due June 1, 1959.
See V. 159, p. 2457.

33%%

of 25

cents per share has

July

to

1

been

of record

holders

declared

June 21.

on

the capital

the

was

holders

the

declared

have

$5

of record

June

initial

an

convertible

par

See V.

15.

dividend

prefrred
159,

p.

stock,

of

25

payable

of

outstanding

bonds
at

been

the

New

due

Jan.

Central

York, N.

called

general
1,

1953,

for

mortgage
at

Hanover

Y.—V.

redemption

159,

310

Bank
pp.

cents

per

1




4%

Trust

2346,

Co.,

2125,

Income

•

Account

§Dec. 25, '43 flDec. 26,
$
$

52 Weeks Ended—
:

"-'v/:
sales
and theatre receipts

:•,
rentals

and

from

income

of

tenants

from

and

154,345,950 *67,345,659
417,339
815,659
5,046,706
890,632

income.

other

159,809,995

income

Gross

Participation

bond

sale

on

film

in

and

Balance,

rentals______—

69,051,959

75,379,115
41,496,959
3,177,867

37,921,674

expense___

assets—

fixed assets..

surplus
foreign

for

1,491,849

417,980

32,474
253,389

______

37,253,905

returned to income
profit, before provision for Federal taxe3
and portion applicable to minority interests-

Reserve

13,696,957

2,084,169

and

discount

fixed

of
of

'42

film

1

Dividends

quarter
quarter

1942.

assets

900,000

485,823

15,169,785
2,900,009

Net

Federal

normal

and

tExcess

profits

Portion

of

net

3,550,000

profit

;

applicable

18,069,785
4,850,009

20,250,000

surtax

tax

2,610,009

38,153,905

minority

to

1,433,450
Net

profit of National Theatres Corp. and sub¬
to
July 9,
1943, on
which date

$262,281

After

tirement

paid
deducting

$54,000

in

1943

and

$46,000

131,982
101,487
in 1942 for debt re¬

credit.
Condensed

Balance

sidiaries

Theatres

National

accounts

$883,272;

machinery and equipment—at cost
amortization

of

$615,354),

Net

Corp.

became

wholly-

10,901,769

31,

Dec.

dividends

receivable,

tubing

$798,537;

and

(less reserves for depreciation and

$860,028;

prepaid

insurance,

etc.,

$31,278;

total, $3,498,891.

dividends

Earnings

1943

per

common

;

share,-—

10,609,785

1,546,409
3,484,004

profit

Preferred
Common

Sheet,

2,177,509
1,370,234

$5.37

$5.39

—

from sales,,and
rentals of film and accessories.
depreciation 6f J$667,863 in 1943 and $644,985 in 1943
on
studio buildings and equipment^ etc., absorbed in production costs.
}After deducting post-war credit of $2,250,000 in 1943 and $290,009
In 1942.
gAll subsidiaries included along with National Theatres Corp.
income

°Gross

fNot

including

and Roxy

^Excludes Roxy Theatres, Inc.

Theatres, inc.

Consolidated

royalties,

capital

498,891.—V.

surplus,

$644,651;
153, p. 410.

earned

surplus,

$583,696;

total,

$3,-

Cash

Called

f. next, >$100,000
sinking fund gold

S.

demand

Payment will be made
trustee
70 Broadway,
2015.

the Civil Aero¬
around-theworld route and bring any point on the world-wide system within 38
hours' flying time of the United States.
It is the first company to
The

nautics

seek

a

company

Board

on

to

June

extend

round-the-world

and

12 filed an application with
its services 20,000 miles on

air

route.

an

deposit

notes

Inventories
Investments

the-World Route—

Sheet, Dec. 25, 1913

hand
and
($580,000) government securities,
foreign
or redemption
value, not in excess of market

on

cost

Inc.—Seeks Round-

Balance

Assets—

U.

to

of July

refunding

$3,353,781 for the fourth quarter of

and

1943

"■Accounts

and interest.
&

2458,

421,000

50.

as

of

payable, $303,650; accrued taxes, salaries and
etc., $877,675; advances against machine sales, $579,587; reserved for contingencies, $67,131; common stock ($5 par), $442,-

July

Terminal RR. Association of St. Louis—Bonds
have

129,000

486,000

...

______

Transcontinental & Western Air,

There

net

2,018,687

500;
directors

consolidated

corporation for the year 1943 was $10,901,768.
The consolidated net profit, after all charges, for the fourth
of 1943 was $3,723,670, compared with $3,343,849 for the third

Liabilities—Accounts

Telecoin Corp., N. Y. City—Initial Dividend—
on

__

...

income

wages,

The

tax

profits

275,000

$519,648

taxes..........

$700,517; machinery for resale, $73,608; advances on con¬
tract to purchase machinery for resale, $151,651; land, buildings, and

The previous

of 50 cents—was made on Dec. 15, 1943, and
first made since March 31, 1942.—V. 158, p. 2197.
payment—one

share

$950,710
138,429

supplies,

Technicolor, Inc.—To Pay 25-Cent Dividend—
dividend

18,212'

2,054

(int.)

Assets—Cash,

stock., payable

$932,498

$1,282,702

.....—...

excess

Dividends
*

The

.4

11,636

;

Total

$1,343,394
410,897

$1,271,066

profit

operating
income

Net

Trustee-

to the date of acquisition.
After
the combined net profit reported above,
profit carried to the earned surplus of the

1942

_s

f

Net

Other

$2,018,686 and have

amounted to

amount from

deducting this
the

42% of its stock was owned
Theatres Corp, between

The earnings of National

26, 1942, and July 9, 1943,
treated as profits made prior

Loss

Dec. 3t

1943

$1,771,524
500,458

$0.10

-------

shares

common

Earnings

$364,639

2,778,384

profit-

of

July 9, 1943. prior to which date only

tDepreciation

Years Ended

operating

Income

Federal

1,742,002 shares of common stock outstanding.
wholly-owned subsidiary company

-share on the

per

National Theatres Corp. became a
on

Interest

Tube Reducing

'

1943

1944

$2,420,188

$6.52

Operating expenses of exchanges and theatres,
administrative expenses,: etc.
Amortization of production and other costs

shares (120,000 no par

and all its sub¬
net profit for the

of $12,920,455. After deducting dividends paid on prior preferred
and convertible preferred stock, the combined net profit amounted to

year

redeemable preferred shares ($100 par), $983,800; com¬
shares), $600,000; capital surplus, $350,300;
earned surplus, $745,596; deferred surplus, $125,000; total, $4,197,500.
—V. 156, p. 967.
sinking fund

profit
Administrative, selling, and engineering exps.__

.

1943, shows that the
and its subsidiaries, including

the year ended Dec. 25,

report for

operations of the corporation

Theatre, Inc., and National Theatres Corp.
sidiaries, for the entire year resulted in a combined

Roxy

Rents

Gross

income

annual

The

Gross

purchase of Dominion of Canada
accounts payable and accrued lia¬

Corp.—Annual Report-—

bilities, $300,788; reserve for income, excess profits and other accrued
taxes, $489,826;
reserve
for contingencies, $98,505;
reserve against
future
depreciation
in
inventory values,
$300,000;
7%
cumulative

biological, bacteriological and potency standardiza¬
p. 2457.

Sunray Oil Corp.—Earnings—

:

2458.

p.

combined

store

equipment (less reserve for depreciation of
deferred charges, $27,739; total, $4,197,500.

a

Quarter Ended March 31—

159,

by this corporation.

Dominion

$32,326;

New

Washington,

Twentieth Century-Fox Film

been

in

able from employees,
for

v.

bonds, at cost, $300,000; cash surrender value of life
policies, $97,130; accounts receivable, less reserve, $527,084;
receivable from directors of company, $445; accounts receiv¬

and

loan

victory

from Seattle, San Francisco, Chicago,
York and Boston to 10 foreign key traffic
■-■ ■
j
The Civil Aeronautics Board on June 13 authorized the corporation
to conduct service between Pittsburgh, Pa., and Boston, via the inter¬
mediate
points of Williamsport, Pa., and Binghamton and Albany,
N. Y. Operation of service from Boston-to-New York was refused.—

Dec.

hand

cn

tion. testing.—V. 159,

Gross

.529640*

centers.

of Canada

Assets—Cash

terms

June

376,000
150,000

625,000

_i_

profits

dividends

Preferred

per

75,000

profits taxes

excess

contingencies.,..,

for

61.417
1,900

65,174

_•

Provision

Dividend—

2.422

$884,570
122,646

fees

income &

for

Prov.

2,084

$969,883
93,383

_

j_.

fees

Directors'

(New

complaint.

'.658300*

extend

would

service

The

Detroit,

Jan. 2, '43
$882,128

Jan. 1, '44
$967,799

profits

from

amount

tive

"a short

failed to contain

•

:

"".

:

.

Subs.)—Earnings—

(&

52 Weeks Ended—

Provision

Co.—-To Pay 25-Cent

.

Top Tailors Ltd.

Liabilities—Bank

,

3.980000

3.980000

_

.658300*

.

including chemical,

3.980000

3.244203

;

Fletcher's Castoria,
less

.902500

3.244203

3.980000

3.244203

.658300*

Tip

announcing that deliveries had already begun, Harold B. Thomas,
in charge of its Centaur Co. Division, which manufac¬

A

3.980000

pound-

.901458

.902916

3,244203

.904166

,

.909090

•Nominal rate.

Vice-President

No.

.903750
3.244203

.205860

:

.909090

■

.658300*

mon

no

.205860

.205860

.909090

Noncontrolled

market.

of

.205860
.909090

Controlled

and

Sterling Drug, Inc.—Fletcher's Back on

safeguard

.301215

Uruguay, peso—

1

7-

v

7-

7-

25c

fifth

tures

.301215

.205860

.903750

7-

$1.25
$1.50

14 that the directors have declared a
share on the capital stock, par $1, payable
July 10 to holders of record June 24.
A like amount was disbursed
on April 10, last, the first since Aug. 15,
1942, wheh 15 cents was paid,
F. R. Valpey, Vice-President and Secretary,
has been advanced to
Vice-President and General Manager, it was also announced.—V. 159,

to

.301215

.909090

3.244203

_

New Zealand, pound

.572766*

.572766*

Newfoundland, dollar—

6-15

.904062

.905000

4.035000

.301215

Mexico, peso

6-15

.051275*
.909090

4.035000

.205860

6-15

Change in Personnel—

In

.301215

vv

4.035000

.909090

1

7-

+75c

insurance

from

4.035000

.301215

.

.909090

.572766*

.572766*

.060587*'

.051275*

,

.905390

.906796

4.035000

(British), rupee

7-15

$1.50

legal advice" before filing an amended
of Commerce.")—V. 159, p. 2457.

Castoria,

.

4.035000

England, pound sterling

"Journal

removed

;

Canada, dollar—
v

6-15

1

7-

20c

.060587*

__

.251247*

3.228000

>v

.060587°

.060587° >

'.060587*

.051275*

8-11

6-30

.297733*

"
>

3.228000

3.228000

3.228000

3.228000

Brazil, cruzeiro—

8-15

20c

Earnings per common

was

June 15

June 14

June 13

.297733*

Common

Fletcher's

States Money

June 12

June 10

.251247*

statement of the grounds upon which the court's jurisdiction
He gave the trustee plaintiffs, J. D. Driscoll and W. D.
Noland, 30 days in which to file an amended complaint and com¬
mented upon the two men acting as their own counsel.
He suggested

it

United

in

Value

.

In New York

Buying Rate for Cable Transfers

.297733*

Balance

;■

' -V

1944, INCLUSIVE

.251247*

depends."

'

15,

$

and plain

1290.

<

.297733*

Vaughn

p.

'

'

\

Official

Total

on

r

Free

was

cents

■

>

5

12- 5

this dividend.

6-15

dismissed by United States District Court
Judge Vincent L. Leibeil on June 10.
*
.
The suit, brought by the trustees of the Howard Trust Estate, Ltd.,
named as defendants
John D. Rockefeller Jr., Standard Oil Co. of
New Jersey, Socony-Vacuum Oil Co., Inc., Ethyl Corp.,
Inc., General
Motors Corp.,
E. I. du Pont dc Nemours & Co., Inc., and Howard-

25

tax

for

closed

6-19

(Continued from page 2528)

announced

not

9-

12-15

l

Gross

of

6-10

9-15

1

Income

was

Jamaica Income
books

Argentina, peso—

U

It

9 TO JUNE

June 9

t $ 1.75

complaint

6-20 :

7- 1

$1.37 Va,

7-

General Corporation

dividend

.6-9

75c

30%

Country and Monetary Unit

;

Products

1

7-15

7-

$2.33%

preferred (quar.)
—
Light & Telephone $1.75 pfd. (s-a)
Stationery, common...—
5% preferred
(quar.)
——
Westmoreland,
Inc.
(quar.)..
...
Westmoreland Water Co., 6(6 pfd. (quar.)_
Weston
(George) Ltd. (quar.)——
Westvaco Chlorine Products—
$4.25 preferred (initial quarterly)

Standard

•■7-

15c

50c

7%

"seek

15c

•:

<

.'

$1.50

Western

York

-

Noon

6-15

Western Tablet &

they

7-15

$1.50

1

50c

—-1

the

6-20

6

25c

common

that

7-31

Co.—

JUNE

7-20

1

8-

$1.25
25c

Co., Inc.
Judge Leibeil held

Power

(quar.)

7-20

—

gasoline

1

tPayable in U. S. funds, less 15% Canadian non-residents' tax.
tPayable in Canadian funds, tax deductible at the source.
Non«
resident tax, 15%; resident tax, 7%.
a Less British income tax.

6-30

67 %c

(quar.)..

for

7-

requirements of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank is now cer¬
tifying daily to the Secretary of the Treasury the buying rate for cable transfers in the different countries of the
world.
We give below a record for the week just passed:/ V
;
,
,
FOREIGN EXCHANGE RATES CERTIFIED BY FEDERAL RESERVE BANK TO TREASURY UNDER TARIFF ACT OF 1930

75c

Virginia Water Service—
preferred (quar.)

additive

$1.75

'

6-20

Pursuant to the

6-15

30c

Western Grocers Ltd., common

$6

1

Foreign Exchange Rates

1

6-

f'

25c

preferred (quar.)
Virginia Pulp & Paper Co.

West

6-26

30c

4%%
West

6-20

30c

6%

6-17

7-1,

50c

7% preferred———
Welch Grape Juice Co., 7% pfd. (quar.)
'Wellington Fire Insurance (s-a)
;
Wellington Fund, Inc. (irregular)—.
Wesson Oil & Snowdrift Co., common..
West Penn Electric, class A (quar.)
Penn

6-

6-22

t$l

Webster Eisenlohr,

West

6-20

$1.50

7-

75c

•Transfer

10-16

10-10

1

Quarterly

10-16

11- 1

5-25"

7-1
7-

7-10

$1.75

11- 1

6-15.-.

1-

7.

_

,9-9

—-

(quar.)
Wayne Knitting Mills, common
6% preferred (s-a)
Wayne Pump Co.-,

xLess

$1.50

6-15 t

20c

Quarterly

$1

6-10

Mfg. Co

.

6-16 •

6-16

7-1,

.

$1.50

.V.

Youngstown Sheet & Tube Co.—
'
•
5% %
preferred (quar.)—I.
...
Zion's Co-operative Mercantile Institution-

7-15

8- 1

•

Towne

Corporation

6-28

*6V4C

,

6-15

6-28

$1.75:

.

(quar.)
—-a—'
Mines..
,
Wrisley (A. B.) Co.; common.^.....-—
6% preferred (quar.).
7%
preferred (quar.) ____________—....

7-31
7-15
7-15

;

50c

preferred B

York

f

6-10

6-30

$1.75.,

„

Wright-Hargreaves

Yale &

6-10

1

7-

10c

i..

preferred (quar.)
...
Worthington Pump & Machinery Corp.—
7%. preferred A (quar)
6%

7-1

r

25c

7%

5-15
11-15

8-15
8- 1
8- 1

183,4c
$1.50
$1.50

/25c-

Woodley Petroleum Co.. (quar.)
,—
Woodward Si Lothrop, common (quar.)

7-20
6-17
6-22 "

of Reo..

Pay'ble

,

(quar.).

Oil

.Extra

6-17

6-30
12-30

$1.

1

Motor Co.

Waukesha

425c
t$2.50
t$2.50

Extra

8-

Co

(interim)

6-15
6-15
6-10
6-1

Quarterly

6-20

(s-a)

C

5

6-25
6-10

7-

$1.50

(quar.)
Ward Baking. $7 preferred (accum.).
Ware River RR., guaranteed (s-a)
-..Warren Brothers Co., class A (s-a)__
Class

6-

1

6-20

$1.50

Inc.

System

Waldorf

6-20

37'/2C

preferred (s-a)

6 %

6-20

62»/2C

common.

Walworth Co.,

6-22

7-1
7- 3
7-1
7-1

Extra

(quar.)

Agricultural

Waialua

6-20

25c

(initial)

—

Corp.

Wagner Electric

1

6-17

1

$1.50

(quar.)

Ltd.

Cotton,

Wabasso

12-

>

1

6-30

33 Vac

preferred (quar.)-:————
preferred (quar.)

7%

9

7-

t$1.25

(quar.)

——

9-

6-30

J10c

common——.——.—

Detinning,

12-

$1.75

-------

7-1

$2
30c
8c

8% pfd. (quar.)
Williams (R. C.) & Co., Inc.
—......
Wisconsin Investment Co..
...
....
....
Wilsil, Ltd.
(quar.)
Winnipeg Electric, 5% preferred (initial) __
5 % preferred
Winters & Crampton Corp.—
75c convertible preferred (quar.)
Winstead
Hosiery,
quarterly..
Quarterly

6-10

25c

6-20

—

(quar.)—
Virginia Electric & Power, $5 pfd.
Co.

Virginian Railway, common
6% preferred (quar.)

75c

(quar.)

Will & Baumer Candle,

6-10

15C

25c

preferred (quar.)
Victor Chemical Works——
Victor Equipment, common (initial)

6%; preferred

9-21

1-2-45

$1.62 V*

5%

7-20

$1.75
$1.25

8- 1
8- 1
7- 1
7- 1

Wiser

6-9
6-9
6-17 T

■

62y2C

preferred (quar.) —

7-1
7- 1
7- 1
7- 1

50c
50c

_

preferred (quar.).
Machine Corp.—
$2 prior preference
(quar.)..
$4 conv. preference (accum.)__—_—....
Whitman (Wm.) Co., 7% preferred (quar.).
Wieboldt Stores Inc., $5 prior pfd. (quar.).
7%

6-19

$1.75

preferred (quar.)
Ventures, Ltd. (interior)--,___—

Monaghan

25c
$1.25
$1
$1.75

White Sewing

6-15

62 Vhc

7%

Ltd.,

1

6-26

$3

—-

——

7%

Vapor Car Heating,

Vulcan

5*

7-

(N. Y.)

Company

Norman

Victor

3*

6-

$15

(quar.)——
United Stores, $6 preferred
(accum.)—l—
Universal-Cyclops Steel Corp.—<————
Upson Co. 7% pfd. (quar.)
Utica Knitting. 5%' prior pfd. (quar.)——
5% prior preferred (quar.)
——
5% prior preferred (quar.)__
Van de Kamps Holland Dutch Bakers, com._
$8.50 preferred (quar.)

Viau

7-

6-19

—---—

United States Trust Co.

Van

7-15

10c

(quar.)—

Common

6-15

1

7-

62J/aC

____

preferred

$5

Corp.,

Sugar

Steel Corp., common...
$5 convertible preferred
(quar.)
Whitaker Paper, common (quar.)

Wheeling

Printing & Lithograph Co.—

s.

of Rec.

Payable

ehare

Same of Company

Holder*

When

Per

Share

Name of Company

Payable of Reo,

thare

Same of Company

Holder*

When

Per

Holderi

When

Per

Monday, June 19, 1944

CHRONICLE

COMMERCIAL & FINANCIAL

THE

2568

assets

Other

assets

Total

$26,897,679

on

receivable

at

11,601,648
5,119,398
35,951,373

i

^

in

and

consolidated)

Fb(,ed

and

.

(net)

advances

to

other

companies

(not
_

_

,

6,284,918
39,439.034
7,129,389

.$132,423,427

yolume 159
Liabilities—
Note

THE COMMERCIAL & FINANCIAL CHRONICLE

Number 4291

United Gas Corp,

.

payable of

Portion

funded debt

Reserves

for

of

taxes

28,277,668

due

after one

preferred

stock.

Paid-in

surplus 1

since April 1,

reserve

Net

4,601,754

&

——

3,257,969

revenues—

$3,048,236

3,562,341

11,881,092

Utah Power & Light Co. (& Subs.)—Earnings-

12,671,974

income

(netL,w

244,313

$3,311,644 $11,407,102 $11,311,948
161,103
442,872
348,366

Operating
Operating

$3,472,747 $11,849,974 $11,660,314
48,750
195,000
195,000
373,000
1,500,000
1,500,000

Other

Federal
Total

Int.

'■'•Including cash in sinking funds of $263,974 for payment of liabili¬
reserves for bad debts of $151,473.
fConsisting of 893,713
of $1.50 dividend cumulative convertible preferred of no par
value (redemption price or liquidation preference $35 per share plus
accrued dividends)
and 1,742,002 shares (no par) common stock.—
2239.

p.

;

coll.

$3,292,549

on

trust bonds

48,750

debentures-

on

Int.

ties), less

159,

income

Gross

$132,423,427

375,000

Other

interest

Other

shares

v.

deductions

Less

int.

profit

charges

'

1944

all

after

and

•Earnings
•On

share—

per

$177,119
$0.37

$0.28

$0.30

consol.

$231,038
$0.49

Income

ral

of which owns half of the stock of Union Securities.

June

Other

earn.

matter at its headquarters in
2055. ""•'."l:

Philadelphia

on

28.—V.

157,

Net

oper.

Co., trustee, 1 Wall St., New York, N. Y.—V. 155,

The directors
the

June

have

declared

2374.

shown

Payable—

or

'

Fund

"A"

shares———

On Union

Bond

Fund

"B"

shares————

On Union

Bond Fund I'C",

shares——--—-—

Preferred

Stock

On

Union

Common

159.

Net

$0.46

$1.22

Stock

2458.

p.

\

corporation

compared
record

with

1.02

with

-25

.69

shares—

.16

.23

.18

flew

Manager.

shares-—

.13

.15

.08

of

Civil

37,981,200

May,

revenue

miles

passenger

last year

the same month of

in

Airplane

in

and

May,
a

new

according to Leon C. Morrier, District

miles

totaled

flown

2,425,300,

compared

1943;

Aeronautics

conduct

1

•-

•

V

'•

•

;

1

.

air

service

point

Board

June

on

between

3 Mos. End. Mar. 31—
sales

Ohio,

Conn.

operating

sold

The

the

and

Boston,

company

the

corporation

Income

the

via

Net

profit

Subs.)—Earnings—
$1942

Earnings

70,546

!173,934

1183,101

695,000

•1,373,134

f397,275

250,000

71,897 7

91,558

$264,357
91,558

$313,272
91,558

305,192

share.—

$0.68

$0.90

$0.87

$1.03

of

excess

domestic

and

$1,124,537
excess

but

profit

staxes.

have

notes

fWholly owned
consolidated.
subsidiary.

$4;

patents,

/■.:•••■:;/////

/*■'//>.■ ■/•/■;;,//

■,

Net

•

$3,805,773

$3,765,543

paid

Earnings

7,503,327

7,015.987

•Based

payable,

and

$30,709;

income,

prepaid

$770,088;

Federal taxes
$1,140,420), $2,443,619;

assets

were

not

in

159, p.

sufficient

paid-for

with

the

of

similar

by
an

expenses,

accrued
(less

income

on

■

reserve

for

stock

common

Vi'Vo"

S.

and

Notes

Statement for the Year

':/./..•
operations—qZ—.q__

from

Depreciation of properties
Amortization

of

/

410,412

——

121,167

;

$7,968,426

.

income

$7,314,177

—

deductions

Provision for Federal income tax

111,841

83,110

$8,080,266
41,736

.

income

$7,397,287
357,742

Federal

for

excess

290,000

—

proiits tax——

Amount appropriated as addition to reserve
post-war

facilities

Balance,

totaled

in

3942.

;

/

$1,248,530

in

Balance

banks ;afid

$303,710;

credit

.'

Consolidated

Assets—Cash

refund

;

of

$630,000

j

in

73.971,

there
Oct.

;

345,753
1943

and

hand, $2,682,300; U. S. Government
receivable1 (less reserve for doubtful

on

accounts

accounts of $146,988), $1,517,428;

inventories,' $3,086,111; other current
profits tax refund credit (estimated),
$1,225,000;
fixed assets, $2,546,564; goodwill, $1; deferred charges,
$100,199; total. $11,470,687.

Assets, $9,374; post-war

excess

Liabilities—Accounts

payable, $262,924; accrued liabilities, $323,854;
reserve for Federal income and excess profits taxes (less U, S. Treasury
tax
notes, series C, of $6,744,540), $8,773; owingjto Defense Plant
Corporation under contract, $3,247,4500; reserve for rearrangement of
manufacturing facilities and other, post-war adjustments, $1,430,000;
class A stock (par $10), $2,612,510; class B stock (par $1), $472,506;
earned surplus, $3,112,621; total, $11,470,687.—V. 159, p. 1392.




$109,507 '•*

$0.38
of

as

statement

dates;

$0.55

net

of

post¬

Comparative

Balance

Sheet

May 23

obligations

1943

$1,084,819

1,017,836

receivable

512,036

1,058,981

;

1,370,416

1,425,065

1,528,859

1,861,051

1,995,467

-ww.w—Z-b—,-—274,950
in

225,379

—

subsidiary companies, cost
of

excess

208,203

profits tax—

208,209

277,829

62,387

$8,440,845

—

for

/■

payable—
banks_—

$6,987,557

100,009

shares,

no

earned

62,387

476,275

299,280

Dr84,548

996,739

/

value)_

par

2,500,000
.

2,500,000

701,334
2,205,065

l^so.oxs

77,919

Z--Z—_j_—Z-l——
_i_/.;>,; /_■-

increase in

109,507

surplus, 20 weeks

701,334

$8,440,845
$6,987,557
deducting tax notes, and cash reserved for tax payments of
at May 21,
1944, and $180,100 at May 23, 1943.—V. 159,

•After

$2,983,923
1599.

p.

o,'//qy//.■•■ /v./../'//'/,■/''.'/

Victor

similar

following
cents

•

-

■

Chemical Works—To Pay 25-Cent Dividend—

The directors
A

Co.—Shareholder Group

250,009

277,829
.i—_

(200,000

surplus
surplus

Total

•

$179,233

;_.i

miscellaneous^

reserves,
taxes

Capital

Mansfield Freeman, Presi¬
by the company during
increase of 45% as com¬

—

contingencies

Earned
Net

$186,971

2,000,000
100,000

and

•Accrued

Gain—

have declared

dividends

a

payable

distribution

dividend

June

made

was

30

of

25

cents

holders

to

March

on

share

per

of

record

last.

31,

were

paid: March 31, June 30
each; and Dec. 23, 35 cents.—V. 159, p. 2017.

In

on

tha

June

20.

1943.'. tho

and

Sept.

30.

Washington Railway & Electric Co.—Files Plan With
SEC For Simplification of
System—
;
;
;,
:

that

14

stockholders

common

numbered

165,807,

an

North

of

plan

this

1944, there were 165,733
1,720 since Nov. 19, 1943.
stockholders of record April 28,

the

SEC

Company

holding

also

to

pursuant

Act

of

1935

and

company

registered

a

holding

Section
for

the

subsidiary

a

simplification

of

its

system.
The
North
American
Co.
owns
51,827.8
(1,630 33/40 shares of which are represented by
participating
the 65,000 shares of the common stock of

1944,

Electric Co.

increase of 655 since Jan. 28, 1944. ^«On Jan. 28,
73,316 preferred stockholders, an increase of 463
1943.—V. 159, p. 2459.
an

the

stock

common

Electric

and

of

Tho
»

Utility
holding
shares

Co.

(a),

owns:

Potomac Electric

Power

all,

Co.,

an

90,000

•

units!

Washington Railway and
•/•■>V: ■/
.■/

•

Washington Railway
of

CT

company, has filed
of the
Public

11 le)

of

were

29,

with

Co.,

company

com¬

increase of

preferred

registered

a

American

Holding

increase

-

shares,

electric utility

of

of

"For

some

the

years
studies in

corporation

sugar

has

been

conducting

agri¬

is

and

adapted

added.—V.

to

many

uses

in

various

fields

of

a

Statement

smelting

mining

operating

General

and

of

Income, Year Ended Dec.

a/nojat

Z

.

————_1ILU;—;

income

$20,175

.™———

2,782

—

Inc., a bus company operating in
capital stock of The Glen Echo Park Co,

publicly-held securities.
proposed plan is-consummated

in

system;

63,345

—

Lines,

of the

the
following changes will
structure
of Washington
Railway and Electric Co.'a
Washington Railway and Electric Co., The Washingtonand Rockville Railway
Co. of Montgomery County, and Great Falls
Power Co.
will be liquidated
and dissolved;
(b) Braddock Light is
Power Co.,
Inc., will become a wholly-owned subsidiary of Potomac

$83,520

t_

—

expense

Bus

all

have

the

If

occur

'

Total

Other

which

163,644

income,

lb)

operating an amusement park in Maryland.
The Washington and Rockville
Railway Co. of Montgomery County

With the exception of serial notes of Braddock
Light & Power Co.,
Inc., in the principal amount of approximately $20,000 held
by certain
individuals, Washington Railway and Electric Co., Potomac Electric
Power Co.,
and Capital Transit Co/are the only
system companies

•$19,876

administrative

and

company

(a) the remaining 19,250 shares of the capital stock of Braddock
Light & Power Co., Inc., and (b) the remaining 1,666 shares of the
capital stock of Great Falls Power Co. /

31, 1943

income..—.

income——

adjacent areas,

The

owns:

enterprise,"

159, p. 2126.

United Zinc Smelting
Corp.—Earnings—
Net

of

Montgomery

Maryland,

same

luster,

and

bonds

of

ness

connection with this valuable fiber crop and at
time Newport Industries, Inc., has been
studying how best to
process arid market the crop," Mr. Bitting said.
'
/
"Ramie is one of the finest natural
ibers, having both strength and

he

the

(c) all of the capital stock and all
Washington and Rockville Railway Co. of Mont¬
registered holding company, (d) 50,000 shares of
qf the capital stock of Braddock Light & Power
Co., Inc., a small electric utility company operating in
Virginia, and
(e)
3,334 shares of the 5,000 shares of the capital stock of Great
Falls Power Co., a land
company. •
Capital Transit Co. owns: (a) all of the common stock and indebted¬

Point, Fla., will be devoted to culture of the crop.
Nearby
plantings will be built a commercial size plant for the prepara¬
the fiber.
Such plantings and facilities are the first steps in
what is expected to be a
very substantial agro-industrial project.

the

Columbia

of

gomery County,
a
the 69,250
shares

such

tion

operating in the District of Columbia and adjacent areas,
120,000 shares of the 240,000 shares of the capital stock of
Capital
railway and bus company operating in the District

(b)

Transit Co., a street

"

Sheet, Dec. 31, 1943

stock

effect

w

Capital stock

,

Net

$1,539,544

in

payable

Accruals

25

■

post-war

capital

accounts

Reserve

Clarence R. Bitting, President of this
corporation, has announced
the consummation of a,joint venture agreement! with
Newport Indus¬
tries, Inc., covering production and processing of ramie,.
Approximately 1,500 acres along the West Palm Beach Canal, near

.•

———r-™-t—•'345,753

_—

deducting

200,000

company

•

830,000

62.38T

200,000

*

(net)

payable,

Dividend

United States Sugar Corp.—To Develop Ramie—

Net

of

carried to earned surplus—

Dividends paid

$1,539,544

for

manufacturing
and other post-war adjustments—
rearrangement

5,355,000

78,594

Liabilities—
Notes

145,000

5,670,000

$2,078,530

"Provision

June

on

an

corporation's

cultural

•

Operating profit

announced

stockholders,

The

249,189

* ■'

719,540

excess

$77,919

on

rates

—

Current

a

Canal

$7,684,532

127,312

facilities—

emergency

mon

total,

1942

865,051

taxes
amt. of Federal

payable

accounts

refund

Total

.

corporation of record on May 12. 1944,
of 74 since Feb. 11, 1944.
On Feb. 11,

shares),

Ended Dec. 31

$8,506,150

was

$240,000;

1943

/

It

1Q44.

United Drill & Tool Corp. (& Subs.)—Earnings—
Consolidated Income

and

Investments

United States Steel Corp.—No. of Stockholders— ;

since

$9,134,217.—V. 158, p. 2297.

$1,091,43*

1944

assets

Post-war

.

tax

par

no

5,840

$1,221,564

credit—,

Other assets:

engaged in fighting for liberation
the globe."—V. 159, p. 2126.

parts of

$1,085,594

^

:

tax

on

Government

Fixed

cover

period last year.

various

taxes.—,

Inventories

John W. Clancy of the U. S. District Court has signed an
recognizing the protective committee for shareholders of the
headed by Stewart Forshay, as an interested party in the
reorganization proceedings.—V. 159, p. 2459.
i.
/,

$599,519;

Treasury

contingencies,

(305,192

in

■"•

—$2,316,930

S.

Judge

total,

$93,385;

expenses,

U.

freedom

,/

credit.

Cash

U.

written

represents

to

excess

May 21

to

/-;(

made'

business

1944

&

•

sentence

2125.

announcement

an

new

inc.

Assets—

stockholders.

death

Jan. 1, '41

$1,221,564

in

share

per

Company,

$1,220,768; capital surplus, $1,014,373; earned surplus, $2,815,141;

securities."

United

common

Jan.1,'44

,

Federal

Re¬

preferred plus back dividends, but the SEC allowed

five months

1807:

to

bef. Fed,

post-war

income

$930,849
3,335,561

company,

31, 1944

/•':;• 7,/

Liabilities-r-Accounts

renegotiation

$595,000

contings.
tax

■

recognized.—V.

pp.2126.

order

been

U. S. Treasury notes—at cost, $123,997;
accounts
receivable—net,
$2,317,981;
inventories,

$2,035,317;

$9,134,217.

"After

>..•

that

159,

& excess profits

for

Dividends

de-

that

RR.—V.

May 21,'44 May 23,'43

cos

before

earns,

profits

Recognized—

$1,695,732;

and

$1,233,795),

v

Prov.

205

U. S. Realty & Improvement

$2,106,758; investments and other assets, $761,043; property, plant .and
equipment, cost (less reserves for depreciation and amortization of

Other

10,653

sub.

capital stock, par $5,

Canadian

excludes

Balance Sheet, March

Consolidated

and

(after deducting post-war

subsidiary

Canadian

subsidiaries

$273,706

amortization.'/.•■.. //:■•

Assets—Cash,

Total

26,694

con¬

305,192

domestic

1

2,958

Total

;
In making the announcement, Mr. Freeman said, "Part of the sub¬
stantial gain made during
the first five months of 1944 is due to
the
special, coverage which this company has been able to arrange
for individuals and
groups who are

t311,850

305,192

$208,657

profits tax of
$137,851).
tlncludes

Includes

be

first

pared

60,878

91,558

§ Includes

Other

"Fed. inc.

13,353

—^

contended

According to
the total

——-

—

—_

operating

Profit

50,019

agreed

dent,

48,547

50,527

305,192

•Includes

deferred

1,698,771

United States Life Insurance Co.—45%

1,993,506

2,300,193

—

-

per

of

from

rec.

1,698,771
100,450

2347.

value of

SEC

should

$2,728,052

outstanding—

dividend
.shs.

notes

Divs,

$1941

$3,084,250

4,499,667

83,185

-

—

(est.)——

Cash

trade

Profits

.0

428,183

participation of

Valley

'

liquidations (he holding
company should be treated as "continuing enterprises."
The SEC es¬
timated that were it not
liquidated United in 15 years would be able
to begin paying ..common
dividends, and this probable future value

the

contingencies-

Com.

refund

parent, corp.
taxes

Crl,817

16,250

$929,089

parties

par

the

.

security holders.

The

refused

was

less
>

taxes

for

(&
tl943

$6,550,154

•

4,400,975

expenses—

Depreciation
Prov.

to

3.284,617

p.

leases

•

the petition of Otis & Co.
by the SEC to certaip securities
which was forced to liquidate under

5.48%

and

deductions,
income

Corp.

§1944

$5,461,751

—

goods

other

$4,266,410 $11,309,100 $10,781,530
501,525
1,963,925
2,006,100

428,183

other

the merger of their company

■;

loans-

the

All

-

authorized

13

Cleveland,

of ..Hartford,

United-Carr Fastener

Other

159.

junior

^

authority to operate between Boston and New York.—V. 159, p. 2239.

of

459,350

™——

&

approved

2623.

p.

Period—

United Light & Power Co.,
the "death sentence"
provision of the Utility Holding Company Act.
In the United case Otis & Co.
protested that the SEC failed in allo¬
cating assets to preferred and common stockholders to follow the rule
of "absolute
priority" required by the Supreme Court in bankruptcy
proceedings.
This rule provides that holders of the highest
grade se¬
curities in a company are entitled to
complete liquidation of their
claims in any distribution of assets before
any share can go to the

"

'

•

intermediate

Cost

int.

12

Veeder-Root, Inc.—Earnings—
/■:.',

The U. S. Supreme Court June 12
granted
for a review of the treatment
granted

New Air Routes Authorized—

Net

9,452,577

United Light & Power
Co.—Supreme Court To
view SEC Treatment of United Securities— /:/•%

.48

--'V'Y;',"

w

to

$1,121,590
9,659,940

Lackawanna

158.

war

.23

.67

"B"

Fund

28,764,996

1,762,016 in

The

$1,856,523

.46

.35

for passenger operations,

'

$461,745
3,804,665

The

V.

16,250

to

June

on

654,600

$4,213,706

income

—V.

$0.47

.45

United Air Lines, Inc.—Record Passenger Mileage—

Traffic

659,800

3,289,905

ductions

"A"

Common Stock Fund

The

Net

record

shares,.—

Fund

Union

'

216,700

.-

745,982

12,158

charged

1,704,761

the line of
Delaware, Lackawanna
Western RR.
The plan,
previously approved by the Interstate Commerce
Commission, provides
for acquisition by the Lackawanna of
Valley stock at $79 a share.

•

Union

On

^-V.

2,386,894

income

159, p. 2348.

column

6-20-44 12-20-43 6-19-43

'

7,787

$4,507,929
1,793,231
1,704,761

bonds

&

deductions

Int.

77/

Paid

On Union Bond

On

first

all payable June 20 to holders of

13:

Date

the

in

12,947
$5,658,116

The stockholders

'

—

trust

struction
as

790,092

interest

Other

Distribu¬

joS:

dividends

said respective shares,

180,212

224,700

debentures

on

on

Other

on

246

$402,705

—,

Valley (N. Y.) RR.—Sale Authorized—

■■y-

1944—12 Mos.—1943

re¬

(net)™

notes

Funds, Inc.—Semi-Annual

623

income

$7,696,528

$3,594,969 $12,267,803 $10,826,090
2,449,116
7,928,353
7,574.447
287,196
1,033,035
729,471

$923,801

income
col.

: Jv'Pa

$7,714,954

202,024

gas

Int.

p.

2,821,826

revenues—

Int. m

>7

$2,453,988

(net)——

$359,748
198,401

Earns,
Gross

$4,500,142

1,223,630

179,564
applicable to pfd. stocks for period———

Net

252,911

,

515,685

income

$5,645,169

with

appropriations.

Interest

•

210,742

(United Gas Corp. Only), Period Ended Jan. 31

—

has called for redemption as of Aug, 1, 1944, a total
of $24,000 of its outstanding first mortgage 314% bonds due Feb. 1,
1967, at 105 and interest.
Payment will be made at the Irving Trust

.,;V

$2,222,640

expenses

Co., Dallas, Tex—Calls Bonds—

Trusteed

' 158,053

—V.

$4,688,036

natural

company

Union

79,528

surp.

retirement

serve

1,800

$402,459

1,382,942'

$7,949,439

taxes

Prop,

Other

tions—

$7,925,696

(natu¬

revs,

taxes

The SEC will hear

the

The

$2,612,041

1,800

$359,125

revenues,-/

oper.

Gross

gas)

Federal

an order exempting from the Investment Company Act of 1940
purchases and sales of securities between Union Securities and its
affiliates, the Tri-Continental Corp. and Selected Industries, Inc., each

Union Terminal

$2,302,168

to

Statement

Operating

Commis¬

sion for

p.

Net

1944—3 Mos.—1943

Corp.—Hearing Set—
v
June 6 to the Secuhties and Exchange

applied

54,637

2518.

158, p.

Securities

Corporation

25,803

150

——

Divs.

carried

Operating

Union

45,311

105,525

150

of
limited-term
investments

Amort,

to

—

Balance

$130,029

shares.—V.

472,500 common

57,214

applicable
to
minority
interests,—

1941

1942

118,267

2,013,298

294,664

16,482

charges
(Cr)

133,076

approp.

1,960,417

23,364

construction

v.;

154,891
i_

1944—12 Mos.—1943

$1,635,437 $18,762,605 $17,158,883
697,186
8,362,551
7,454,966
288,479
1,763,077
2,334,180
141,638
1,607,066
1,644,164

retire.

prop,

Other income

,''1943

$143,821

——

taxes

&

458,903

■

taxes

866,150

97,987

Portion

!

Federal,...

$1,631,659

expenses

485,126

Balance

3 Mos. End. Mar. 31—

res.

1944—Month—1943

revenues

taxes

■

Deprec.

t,

Twin Coach Co.—Earnings—
Net

for

reserve

deplet.

approp.

oper.

Other

28,517,302

1933—

——

other liabili¬

wholly-owned subsidiary,
repairs,
$23,617;
reserve
for
mine
depletion,
$126,107; capital stock: preferred stock ($5
par), $501,825; comraoa
stock (56,904 no par
shares), $56,904; profit and loss deficit, Dec. 31.
1943, $192,507; total, $1,914,488.—V. 151, p. 1739.
$21,123;

Period End. Jan. 31—

32,000,000

stated at_

———_—■•—

Earned surplus

retire.

10,000,000

.w,;,—Z-~i—

tConvertible preferred and common stocks,

taxes

Prop,

1,963,289

contract for zinc, $39,580; note-payable
(bank), $269,623;
ties, $910,308; deferred income, $16,557; due

1944—12 Mos.—1943

$18,130,046 $15,659,764 $57,874,637 $55,964,518
6,136,617
5,306,964
21,157,239
20,301,632
4,460,937
2,249,590
8,705,463
7,120,420
1,226,287
1,229,225
4,723,741
4,558,544

taxes

Other

2,417,910

—-j--—--,

—

Federal

10,333,897

year—r—

——————

interests

prior

one

1944—3 Mos.—1943

Operating revenues
Operating expenses

1,057,616

income——..—.——

on

subsidiaries,

year__———

credits

Minority
$4.50

Federal

debt

"Deferred

within

due

(& Subs.)—Earnings—

Period End. Jan. 31—

12,360,990

——

of

Funded

$893,000

subsidiary company (bank)————
payable and accrued expenses—

Accounts

2569

the

(a)

Electric

Power

Co.;

and

Potomac

(c)

Electric

Power

Co.

*

Total

income

Deduction
Loss

for

from

Transit

—i-iola

^

—

income

$22,956

—Z——aaadi—

:

biq.

50,504

'

year,.

$27,548

—

•After deducting $875,499
smelting costs,
mining costs.
•
•
■

tAfter deducting $477,579

The

in

bank

and

Liabilities—Accounts

taxes,

$34,295;

due

$69,5461

expenses,

accrued

$20,541;

Dec.

direct

subsidiaries

of

the

North

and

wages,

$16,970;

advance payment

ac¬

on

Capital

American

1,

1951

(of

which

$3,720,500

have

been

assumed

by

Co.), in l^e aggregate principal amount of $6,858,900:
Washington Railway proposes to cause Potomac Electric

(2)

on

payable,

accrued

become

Transit

hand, $127,141; accounts receivable,
$265,440; inventories, $95,780; note receiva^e," $13,449; investment,
$1,000; property, plant and equipment, including emergency facilities
(less reserve for depreciation of
$968,146)* $1,369,866; deferred charges,
$41,812; total, $1,914,488.
1
crued

will

Co.

transactions,
which will be
subjected to hearings
before the SEC July 18, may be summarized as follows:
(1) Washington Railway
and Electric Co.
(Washington Railway)
proposes to call for redemption its consolidated mortgage 4%>
bonds,

Balance Sheet, Dec. 31, 1913
Assets—Cash

Co.

proposed

Co.

(Potomac

outstanding

Electric)

preferred

cumulative preferred
and
of

5%%

to

call

stock

of

for

redemption

Potomac

all

Electric

of

the

Capital
Power

presently

consisting

of

6%

stock having an aggregate par value of $2,000,000
preferred stock having an aggregate par value

cumulative

$5,000,000;
(3)

85,000

Washington Railway proposes to cause Potomac Electric to issue
shares of new 5% cumulative preferred stock (par $100), to

transfer

Railway

of

as

$8,500,000

a

from

tions,

Operating

Maintenance

Fed. taxes

Other

in

.„T

the

Railway

not

proposes

West

$5,866,535

334,223

_

shares

common

accounts

of

1,336,893

$1.44

.

,

West Penn Public Service
159, p. 2241.

1944 —3 Mos.—1943

3,897,253

124,278

514,268

taxes__

188,000

Federal

income

Charge

in

of

lieu

taxes

come

••

.

Net

64,000

part

from

of

and

Railway

Washington
the

funds

%

5

Net

78.000

349,600

v.

$2,516,008
10,537

$2,232,126
11,327

$578,106

3,135

3,145

$554,369

$521,251

.181,520

216,755

$372,843

$304,495

$1,736,246

106,717

426,165

income

pfd.

y

$197,778

$1,310,081

$945,880

stock

Balance

-V.

159.

$2,526,545
$2,243,453
-790,299 'a.
870,274

6 Mos. End.

Other

Potomac

(15)
of

the

Total

(net)

income

for

income
excess

Net
—V.

above

profit
159,

Electric

and

to

a

18(f)

should

holding

the

.' Lee

of

——

$5,558,804

$6,214,248

Co.,

District

of

plan

for

Washington

fit

1,856,970

Court

States

of said

175,835

728,150

1,226,400

1,966,000

profits

1,712,000

taxes

existing laws and, as to certain aspects, is subject to the
approval of the Public Utilities Commission for the District of Colum¬

bia.—V.

159,

p.

587.

Washington

Rockville

&

Ry.

Co.

of

Montgomery

$1,555,308

$1,210,634

period....

$2,513,629

The

Stock Purchased By Lee

under this issue

collateral

sold

was

a

year

ago.

trust

Part

issue.

1943.

paid up to Nov. 1,

1942

1941

Gross

sales
and

$725,419

$875,483

$619,018

$339,049

expenses—..

242,268

291,747

257,726

sold

was

after

of

*

the

U.

S.

payment

District

April

gross

Fed.
Fed.

taxes

taxes

taxes

income

on

3943

lor

admin,

gen.

the

Net oper. income

for

income

Net

Common

Earns.
x

Drl,529

$581,178

$357,677

$142,008

1425,000

*195,578

34,374

-■

$156,178

$162,099

$107,634

13,669

13,997

14,589

Net

100,609

192,603

share—

$0.32

$0.37

dividends

per com.

41,001
$0.36

$0.22

* Includes excess profits taxes,
tlncludes Federal excess profits tax
(less post-war refund credit of $35,500 in 1944 and $40,000 in 1943), of
$355,000 in 1944 and $392,000 in 1943.
Balance Sheet,

Assets—Current

assets,

including

plastics,

a

a

degree never before
York on June 9.

'

Int.

achieved, were

moisture-proof material




post-war

refund of

excess

profits

■

;

and

as

only half

as

The

new

and

V.

to

yet

as

the

"pre-formed" plastic was sqid to
aluminum alloys used in airplane con¬
strength of structural steel.—■

tensile

2459.

159,

p.

In

Phillips,
will

be

278,331

278,931

<'

$1,567,424

$1,506,223

1,114,133

-

.<

$392,089

$128,562

Springs Co.—Merger—

President, on June
to approve, at

asked

15
a

,1,115,726
$451,698

■

has

issued

War."—V.

booklet

illustrated

32-page

a

entitled

159, p. 2241.

stock,

declared

$1,

par

a

payable

dividend

July

1

following payments were
10, 15 cents.—V. 159, p. 1194,

Dec.

of 20

cents

holders

to

the

made:

share on the
record June 20.

per

of

10, 30

July

and

cents;

"

-

Yosemite Portland Cement Co.—Sale
The
.

stockholders

standing shares
equipment

to

discretion

the

by

affirmative

J.

Henry

Kaiser

also

was

employees.^-V.

for

vote

of

Approved—

about

80%

announced that the stock¬
special meeting to be called

the

of

Co.

Sale

approved

159,

of

other

together

with

out¬
plant

June 12 approved the sale of Merced (Calif.)

directors

of

plan

pay

on

property

at

severance

a

2241.

p.

(L. A.) Young Spring & Wire Corp. (& Subs.)—Earns.
9 Mos. End.
Gross

April 30—

;

—

—

—.

of

"$2,638,236

792,475

847,555

$4,328,143

$1,309,270

$555,159

238,923

156,093

123,407

$1,465,363

$678,566

»

.

201,515

etc.

& Canad,

inc.

tax.

-Net
profit.
tEarnings. per share
*

_

income

Interest,
Fed.

1942
$1,347,634

606,698

—

Balance

Total

1943
$1,915,968

858,248

$4,567,066

_

income

Includes
common

excess

262,795

.

3,503,626.<*

$861,925

a,

•_

.

.

$2.ID

«

.

692,883

$1.25

•

63,231
190,931

••'

$1.03

84,712

.

$1,875,393
69,305
-< *788,893

$424,404

$509,685

>-'

*<-'';<■

provision

1944,

jy

$1,790,681
-

$1,017,195
'

;

$2.49

profits tax of $352,586.: fOn 408,658 no par shares

stock, -y

Note—The

April 30,

1941

1944
$5,186,390

profit

Expenses

for

depreciation

y

•

*

for, the

amounted to $397,837.—V.

159,

•

.

p.

nine

months- ended

2126—

Youngstown Sheet & Tube Co.—Special Offering—A

special offering of 16,000 shares of common stock (no
par) was made on the New York Stock Exchange June 13
at $38 per share by Smith, Barney & Co., with a com¬
mission of 75 cents per share.
The offering was com¬
pleted in

the elapsed time of

15 minutes.

Bids were

received for 36,846 shares, and allotments were

White Rock Mineral
E.

For

directors have

1943,

a

holders

047,494

York Corrugating Co.—To Pay 20-Cent Dividend—

•

are

unnamed

much
have

$2,856,313
1,288,889

: 1,385,685

326,180

56,378

>

27,633

25,192 • -•-'

$733,674-' $2,891,908

322,878

require,— y

corporation

common

•■■.<

cracks and openings to appear.

weigh

221,500

$387,013;

div.

-166,200

-

$2,799,935

-

Worthington Pump & Machinery Corp.—Issues Booklet

is molded into shope in'
applied; Micarta 444, a
intricate shapes under heat
and pressure, and a substitute for shellac.
The new sealing material was described as providing a vast improve¬
ment over the varnishes previously used to insulate and protect radio
transformers.
Unlike varnish, Fosterite was said to contain no solvent
which in the older processes evaporated during baking, causing tiny

struction

deducts.'* y:

-6,190;96l

448,200

4,215

$709,892

other

"Production

which

which

form before heat and pressure
plastic susceptible of taking

(net):.

>

$708,481 1 $2,864,275

Balance$108,681
-V. 159, p. 2018.

exhibited by - this company in
■

resin-cellulose'--plastic

new

a

^

1,788,648 •'< 1,791,224
l 554,400
•
751,100
1,134,000

166,900

$705,676

__

7,185,053
J

166,200

y

—„

income

stk.

Pfd.

materials were Fosterite,' used at present by 40 manufac¬
of radio and radar equipment for sealing out destructive mois¬

ture;

481,000

income

and

Net

New Plastics

laminated

A.

April 30, 1944

$2,423,275;

income

Gross

four

The

income—

oper.

Other

protects radio and radar parts against tropical humidity and a "pre-'
formed" plastic said to combine factors of strength and formability to

16,184

dividends-

prof, taxes
*'
inf lieu of income

Other

fibrous

nor¬

taxes

income

Preferred

$143,537

Pr3,615

$131,207

Federal

mal

$361,292

Dr2,558

other

Profit
Prov.

$583,736

1352,150

.<

$483,151
206

(less

121,600

revenues

war-born

1

were

New

$483,357

inc.

deductions)

451,069

operations

1944,

turers

Other

1,671,921

146,900

President,

Williams.

N.

stock.

A

$3,286; 171 $13,974,577 $12,369,120

459,415

taxes—

and exc. prof, taxes—

after pointing out that 1944 results in¬
acquired from Postal Telegraph, said that the
were slightly lower than the average of the
preceding three months, while last year the revenues were steadily
increasing.
For this reason, as, well as because of the tentative pro¬
vision being made this year for excess profits tax, the net income was
lower in April, 1944, than a year ago.—V. 159, p. 2018.
A.

April,

class

of

<
' •
1944—12 Mos.—1943

.1,840,159

Chgs.

2,001,248

limited to estimated
normal tax and surtax; for four months of 1944 they comprise such
taxes
and
in addition
provision of about $2,100,000 for estimated
excess
profits tax, after deducting post-war refund.
The provision
for excess profits tax is being calculated from month to month, using
a
proportionate part of the estimated tax credit for the year 1944, but
whether an excess profits tax will ultimately be payable and in what
amount, if so, will depend on the taxable income for the year.
clude

,

2,460,069

678,755

after chgs.

shares

1944—3 Mos.—1943

-.

Fed, ,exc.

5,067,219
<1,279,000

767,783

790,000

3)54,

each

for

expenses/-

income

The

income-

on

bonds

Taxes,-other than Fed-

v

7,917,558
3,500,000

in

aggregate $289,400.—V. 156, p. 1064.

Operating

V

1,749,249
514,000

1,972,841

recapitalization plan under

a

on

$3,633,251

before
income

on

Note—Federal

<

revs.

oper.

income,

Oper.

approved

revenues——

for the

Co.—Earnings—

12

Fed.

.

1944—Month—1943
1944—4 Mos.—1943
$15,341,547 $12,774,047 $61,504,223 $47,742,299-

Period End. April 30—

(less

cumulative

Period End. March 31—

will

1

"

*

Court

on

$100

will

June

exchanged

Operating

-

the

tax

mortgage

preferred and $2 cumulative class
or before-July
l for 20-year 7%
the basis of $100 in bonds for each share of 7% "

to. be

and

bonds

The

Union Telegraph

Western

195,512

from

profit

Selling,- ship;,

50.382

'•

March 81,-1944

Wisconsin Power & Light Co.—Earnings—

Southern
District of Georgia, Savannah Division,
on June-5 approved a peti-<tion for
authority to make the sale under Section 77
(o) of the
Bankruptcy Act.
The petition was filed by the trustees for theCentral of Georgia Railway
Co. and the Central Hanover Bank ,&
Trust Co., as trustee under the collateral trust mortgf ge issue.1
The ether half of the Western Railway of Alabama stock is owned
25% in the interest of the Louisville .& Nashville and 25%
in the
interest of the Atlantic Coast Line RR.
The road's debt consists
$1,543,000 of first mortgage 4% % bonds of 1958.—V. 159, p. 2348.
stock

Four

1943

.

$35,221;

income

$647;

7%

present
are

debenture bonds

&
of

bankers have disposed of the holdings,, a

the

that

the

on

the

has

Westinghouse Electric & Mfg. Co.-r-Four

1944

Sheet,

payable,

Federal

$44,000),

stockholders

preferred

was

on

of

stocks

The

Corp.

understood

accrued

C,

which

last

The

tric Co.—V. 118, p. 2951.
Wentworth Mfg. Co.—Earnings—

50,382

.

County—To Be Dissolved—See Washington Ry. & Elec¬

6 Mos. End. April 30—

44,635

44,635

;

Winn & Lovett Grocery Co.—To Recapitalize—

on

been

the enactment of legislation by the Congress of the United States
authorizing certain of the proposed transactions which are not per¬
by

''$99,009

$124,624

;

__

dividend

1,639,000

v

618,500

purchased 15,000 shares of capital stock
company at $57.50 a share at a private-sale, it was learned
9.
The stock, which is half of the outstanding shares of the

is

made

upon

mitted.

75,091

Cr7,509

other
accrued
liabilities,
U. S. Treasury tax notes,
payable, $6,200; reserve for
depreciation, $884,235; reserve for replacement of vessels requisitioned
by War Shipping Administration, $218,498; 5% cumulative first pref¬
erence
stock (par $100),: $892,700; common stock (50,384 no par
value), $184,234; earned surplus, $776,677;. total, $3,011,353.—V. 149.
p. 2246. •
yS;
:
series

principal <nd the balance on interest.
A payment of $312 was
year after the previous sale of collateral.
Of this amount
$300 was on account of principal and $12.25 on interest.
Interest h&3
be

act to enforce and carry out the terms and provisions
The plan states that its consummation is also dependent

of the plan.

44,255

44,647

—

dividends

Liabibities—Accounts

1,967,770

42,226

107,820

taxes

for

distribution

sim¬
Railway

United

excess

profit

$12,940;

portion at private sale and a portion to the public at $61.50 per share.]
Proceeds from the sale are scheduled to be utilized soon in a cash

the

request the Commission to apply
pursuant to Sections 11(e)
and

will

that company

proposed

$210,847

surtax.

vessels), $65,155; accounts receivable, subs., $78,356 other accounts
notes-receivable. $23,157; inventories, $37,511; vessel replacement
fund, $404,702; deferred and other assets, $68,637; total, $3,011,353.

$7,522,634

1,975,444

___

of debt exp.__„.

Higginson

company,

dissolve upon the completion

system

refund of

and

tax

profits tax
profits tax_—_

Assets—Property and equipment, $1,785,674; investment in and loans
subsidiary and affiliated companies, $384,430; cash, $156,731; U. S.
Treasury bonds and tax-notes, $7,000; U. S. Treasury bonds (de¬
posited with Commissioner of Internal Revenue pending replacement

the

June

its common

the

approve

company

$169,271

—.

excess

Higginson Corp.—

the use

transactions.

of

income

Federal

2126.

p.

Net income,

Commission

plification

740,970

to<

1942
$7,443,470
79,164

Western Ry. of Alabama

reduced,

bv the

Railway proposes to

year.—

Federal

for

A

redeem

of

for

for

Common

(& Subs.)—Earnings
1943
$6,072,302
141,946

i,y-'

.—

and depletion.

deprec.
amort,

Federal

from

liauidated

1943

$951,817

647,370

—.

Balance

1944
$5,474,064
84,740

April 30—

Federal

Electric.),

Washington

the

If

be

1944

$816,641

'

•

of

operations.

income

Int. and

and Capital Transit Co.

additional shares

of

,

„

.

and

preferred

will

loan

Electric

2459.

_

«Operating profit

Preferred

2018.

p.

West Virginia Pulp & Paper Co.

issuance and sale by
stock;
(14) Washington Railway proposes thereafter to transfer its then
-remaining assets (anticipated to consist of cash in an amount between
$200,000 and $700,000) to Potomac Eleetric in consideration of th»
latter company assuming all of the remaining liabilities,
if any, of
Washington Railway.
(The plan recites that the only known liabilities
to be covered by such assumption will be the contingent liability of
Washington Railway as guarantor on approximately $3,574,000 of
underlying bonds of Capital Transit Co., in the event such bonds are
not refunded by
Capital Transit Co. prior to their assumption by
bank

temporary

Potomac

159, p.

expenses

Post-war

427,298

deducts.-

•*;

.

"called."-r-V.

$1,373,178

$266,303

income

*

.

Provision

Div. require, on $G cum.

proposes

to

necessary

cumulative

Joseph

'•

$551,233

(net)

othei

&

Sorensen

He said Mr.

the post of
W.'Frazer last September.

Canaday has filled

Mr.

Exchange states that," .beginning June . 15,
6%
cumulative 'preferred stock shall be •

Stock

convertible

income

Net

to cause Potomac Electric to
its presently outstanding 6%
stock ($7,490,000) and to purchase
the capital stock of Braddock Light & Power Co., Inc.
($632,500) by
(1) a temporary bank loan of not to exceed $4,500,000 (2) the use of
treasury cash, and (3) the issuance and sale of unsecured notes in a
principal amount not to exceed $3,000,000 maturing in equal and
annual
installments
over
a
period
of
not
more
than
six years.
Within six months after the effective date of the plan, the aforesaid
(13)

obtain

President.

resignation -of

Year Ended March 31—

106,545

income

Gross

Int.

of the
Wash¬
the proceeds from the sale of the

Electric

Potomac

become

Gross

,

78,000

income

oper.

Otfier

after the effective date of the plan, by the application
proceeds from the contributions of the common stockholders of
or

York

New

Operatihg

in¬

v-.'

the collateral

of

the

Officer

announced.

Chairman,

elected

be

since

Co.,

Motor

Wilson Line, Inc.—Earnings—

.$7,760,991

830,744

128,931

$1,835,296

expenses

Taxes,

amount of
the last-mentioned bonds which have, been
by Capital Transit Co., or from the sale of new bonds which
issued by Capital Transit Co. in fulfilment of its obligation
in lieu of a cash payment.
The remainder of the bank loan will

stocks

panaday,

to

Executive Vice-President and
Detroit. Mich., has entered
of Willys-Overland Motors,

years

many

Executive

dealt
in
only as "called"., stock.
The company has informed the
Exchange that due to conversions all. the "conditionally called'',, stock

$6,654,046
3,310,378
516,763
473,883 >
516,780

$1,615,127

967,132

other than Fed.

revenues

be

Railway

The

1944—12 Mos —1943

assumed

ington

Chief

Co.—Earnings-

Utilities

Texas

principal

common

Ward

soon

for

the Ford

of

as

Willys-Overland

Co.

part of the collateral under the Central Railroad
Banking Co. of Georgia collateral trust mortgage 5s of 1942.. < Some

and

Motors^ Inc.—Names Chief Executive

Sorerisen,

Manager

President

$5,059,917

;

—-

Monongahela

Period End. March 31—

dividends on its

bank loan of approximately $7,200,000 which loan will be
the1 effective date of the plan, to about $3,250,000 by

be paid

E.

1,336,893

$1.22

quarterly

regular

contract

a

Inc.,

not herein consolidated.—V.

are

Operating

the sale of the capital"
stock of
& Power Co., Inc., and
(3) cash in the
approxixmate amount of $3,720,500 to be received either from Capital
Transit Co. in satisfaction of its obligation with respect to $3,720,500

may

into

2,741,613

$4,529,642

334,223

$1,480,228

account of

on

per

$4

Willys-Overland

$6,396,810

$1,274,129

the

Provision

to pay any
the plan;

proceeds

$1,814,451

Dividend

share has been declared
cumulative, conv. preference

cents

50

on

the

Charles

$9,138,423

Operating

stock of Wash¬
of the,.aforesaid
the sum of $50

of

the

$8,597,454
2,730,919

$1,608,352

stock-

its subsidiaries

Prov.

cash, (2)
Braddock Light

$2,502,074
687,623

$2,300,968

2,935,000

on

of Great Falls Power Co.1 to Potomac Electric in fulfilment
of existing contractual obligations to Potomac Electric;
(11) Washington Railway proposes to cause The Washington and
Rockville Railway Co. of Montgomery County and Great Falls Power
Co. to dissolve and in connection therewith Washington Railway will
receive, all the remaining assets of these companies and assume all
of their remaining liabilities;
(12) Washington Railway proposes to obtain
the funds for the
redemption of its consolidated mortgage 4% bonds, due Dec. 1, 1951,

treasury

478,836

2,710,994

has

property

of'.Cl)

560,243

_

com.

Profits from

a

123,524

Z.

131,154

.

divs.

for

Washington Railway proposes to cause Potomac Electric to buy
all of the capital stock of Braddock Light & Power Co., Inc., from
Washington Railway for $632,500 in cash;
(10) Washington Railway proposes to cause the transfer of the real

aS

$8,659,587

_

Note—The

and

(9)

by

$8,037,211

692,616

share

Per

date of

effective

the

after

stock

$2,378,550

of

Preferred Stoek Now "Called" Stock—
Bal.

Washington Railway.)
(8 Washington

$2,169,814

-

income

Preferred

proceeds from the sale by Wash¬
shares of the common stock of
^Potomac Electric and Capital Transit Co. then owned by Washington
Railway, less the sum of $71.60 for each share of the common stock
of Washington Railway owned by them, plus their proportionate sha.e
of the dividends received during said period upon the shares of com¬
mon
stock of
Potomac Electric
and Capital Transit Co. so sold
(Each participating unit which represents 1/40 interest in a share of
the common stock of Washington Railway will be accorded the same
treatment as though it were 1/40 of a share of common stock of

common

2,056,941

is
Net

remaining

the

of

Railway

2,054,143
2,860,916

cumulative $100

of 7%

shares

9,774

outstanding

.

stock, no par
dividend of 50 cents per share on
the $2 prior preference stock, par $20, both payable Aug. 1 to holders
of record July 20.
Like amounts were paid on Feb. 1 and May 1,
last, and in each quarter during 1943. 'Arrearages on the $4 preference
stock amount to $51 per share as of May 1, -1944.—V. 159, p. 2126.
and

value,

4,675,569

758,711

Deductions

proportionate share of the net

their

income.—

income

Gross

.

the expiration of the 18-month period, the public holders of
common
stock of Washington Railway who have not exercised
aforesaid withdrawal privilege will receive in lieu of their holdings

ington

5,188,700

552,439

756,023

_

dividend

accumulations

General

Upon
the

1,282,000

depreciation—

Operating

will surrender the common

Railway owned by it, before the expiration
period and will pay to Washington Railway
cash for each share surrendered.

1,456,000
518,329

—

Non-operating income_

Transit Co. upon the surrender of one
share of the common stock of Washington Railway and the payment
of $50
in cash if such payment is made within 15 days after the
effective date of the plan; if such payment is not made during such
15-day period, the cash payment shall be the sum of $50 plus $1.20
per share for
each month which has expired between the effective
date of the plan and the date of the surrender, less
dividends ap¬
plicable to the shares of Potomac Electric and Capital Transit Co. to
be delivered upon the surrender of the common stock of Washington

35-day

for

Prov.

capital stock of Capital

ington

539,147

taxes

has

Sewing Machine Corp.—Accrued

White
A

1944—12 Mos.—1943

•

,

,

2,488,477

—

income—

on

52.

$7,626,086 $30,157,047 $28,971,213
8,952,956
9,930,197
2,213,050
1,915,166
2,085,880
441,336

$7,927,790

—_

Operating expenses

Washington Railway proposes to retire its common stock by
giving the holders thereof the opportunity, during a period of 18
months beginning on the effective date of the plan to withdraw 40
shares of the new common stock of Potomac Electric ana 1.846 shares

,

revenues

total, $2,725,495.—V. 159, p.

basis

a

Rock

■■

sale

proposed

par first preferred stock, *194 shares of 5%
non-cumulative partici¬
pating $100 par second preferred stockk and 247,500 shares of common
stock.—V. 159, p. 2459.
•
■
, ; « <■ ■■
•
■

(& Subs.)—Earnings—

1944_3 Mos.—1943

Period End. Mar, 31—

(7)

,

treasury stock, Dr$75,581;

West Penn Power Co.

common

on

White

;

par

ferred

its

and

tillers

"

of White Rock, the company's
preferred stocks would be retired at par and interest,
stock would be-exchanged for that- of National Dis¬
of one share for each two-sevenths share of National
the

for

basis

a

first and second

share), $441,248; common1 stock ($1.25 par), $512,520; earned
surplus, $754,145; paid-in surplus, $64,992; cost of convertible pre¬

no

Potomac Electric to con¬
vert the 90,000 shares of its presently outstanding common stock (par
$100) into 900,000 shares of new common stock (par $10);
(6) Washington Railway proposes to cause Potomac Electric to issue
1,700,000 shares of new common stock (par $10) to Washington Rail¬
way as a dividend; this proposal will result in a transfer of $17,000,000
from the earned surplus account of Potomac Electric to its capital

Railway.
The North American Co.

prepaid

$136,180;

taxes and expenses, $108,112; provision for Federal income and
profits taxes,
$857,362; convertible preferred stock (26,912

excess

Washington Railway proposes to cause

the

with National" Distillers Products Corp.
As

be consolidated

.recommendation by directors that the company

a

soon,

$15,760; real estate
(less accrued
and deferred expenses,

business,

in

machinery and equipment

(trade), $43,610; withholding tax deduc¬
dividends payable (preferred stock), $6,728; accrued

$12,358;

wages,

plan;

,

used

not

$10,100;

Liabilities—Accounts payable

and of $105
will have a
liquidating preference of $100 per share plus cumulative and unpaid
dividends in the event of voluntary or involuntary liquidation.
(4) Washington Railway proposes to retire the 85,000 shares of its
own 5 %
cumulative, non-callable preferred stock *(par $100) by deliv¬
ering to the holders thereof for each share of such stock
(a) one
share of the new 5% cumulative preferred stock of Potomac Electric,
or
(b) at the option of the holder, if such option is exercised within
30 days after the effective date of the plan, the sum of $100 in cash;
plus, in either case,, (c) accrued dividends to the effective date of the

account;

mortgage notes,

depreciation of $144,154),
total, $2,725,495.

of $110 during the next succeeding five years,
thereafter; will be entitled to ten votes per share; and

stock

$124,500;

$15,680;

years,

(5)

estate

real

tax,
first

dividend; this proposal will result in a
the earned surplus account of Potomac
Electric to its capital stock account.
Dividends on the new preferred
tjstock will be cumulative from the effective date of the plan.
The
new
preferred stock will have a call price of $120 per share during
the first five years from the dividend payment date next succeeding
the date
of
initial
issue, of $115 during the next succeeding five
Washington

of

Monday, June 19, 1944

THE COMMERCIAL & FINANCIAL CHRONICLE

2570

made on

basis of 43.4%. There were 162 purchases by 56 firms;

6,375 was the largest allotment; five the smallest.—V. 159,
p.

2349.

Volume 159

Number 4291

THE COMMERCIAL & FINANCIAL CHRONICLE

and

2571

City Department

BOND PROPOSALS AND NEGOTIATIONS
ALABAMA
1

Birmingham, Ala.

Bond
Offering — C, E.
Arm¬
strong, City Comptroller, will re¬

ceive sealed bids until 11

a.m.

on

July 12 for the purchase of $3,850,000 not to exceed 4% coupon
industrial water works refunding
bonds.
Dated Aug. 1, 1944, and
due

Aug.. 1,

as follows: ;$100,000
1949, $120,000 in 1950
to 1954, $140,000 in 1955 to 1958,
$160,000 in 1959 to 1962, $180,000

in

1945

to

pari passu, to the payment of any Sierra County (P. O. Downieville),
bonds of the city hereafter, issued
Calif.'
•■■■' •"
for the purpose of
improving, bet¬
Bonds Defeated
At a recent

Aug. 1, 1944, on presentation with
tering, ; equipping, extending or election the voters failed to give all subsequent unmatured cou¬
adding to said Industrial Water the required two-thirds vote to pons attached, at the Chase Na¬
Works System, or for any combi¬
the proposition calling for the is¬ tional Bank, New York City.
nation of such purposes, or for
suance of $50,000 county hospital
West Palm Beach, Fla.
'
the acquisition of any separate
construction bonds, the count be-'
Offer to Exchange Bonds—The
water systems, when the net rev¬
ing 649 "for," and 357 "against."
—

and

syndicate headed

for such

are

interest

of

said

Denver

1963

Industrial

for payment on

in

to any ma¬

event as

no

turity of bonds called, shall exthereof;
the city

<eeed 3% of the par value
and further provided, that

shall not call at any time less than
all the bonds maturing in any

in which

of the bonds
called nominally mature. The call
of any bonds for redemption prior
to maturity shall be made by pub¬
lication once in a newspaper pub¬
lished in the City of Birmingham,
year

and

in

once

any

a

newspaper or fi¬
journal published in the
City of New York, which carries

nancial

of

news

"notice

financial nature.

a

of

redemption

Such

shall

published not less than 30
and

not more than

be

days,

50

days prior
date of redemption.
Each
bidder shall specify the rate or
to the

tax

of

tract

1941, bonds Nos. 826 to 900.
Capitol Hill Sani¬
tary Sewer District bonds Nos, 27

to

Not

terest rates will be considered

permissable,

nor

interest

one

shall

rate

more

used

be

on

single year's maturities. The

or

than
a

same

interest rate may be used as often
as
is desired.
Any bid for less
than the full amount of $3,850,000
of bonds

The

will not
shall

bidder

interest

interest

rate,

or

considered.

be
use

the

lowest

combination

of

rates for which he will pay

for the bonds (exclu¬
sive of accrued interest) expressed
in multiples of 14 of 1%. In deter¬
par or more

bond

value

tables

addition

awarded

from

interest

the

date

of

the bonds to the date of delivery.
The right is reserved by the Com¬

mission

to

to

1

registered
as

as

&

Trust

bonds

may

Co.,
be

to principal, but not

to interest and will

be

subject

of

the district

be

may

form.

The

Commission

will

fur¬

nish to the purchaser the opinion
of Wood.

Hoffman, King & Daw¬
of New York City, approving
the legality of said bonds. -A cer¬
tified copy of all official proceed¬
ings applying to the bonds in
question will be furbished, show¬
ing authority to issue said bonds.
Said bonds are secured by the
son,

full

faith

and

credit

of

tional

Bank,

cient

there

are

on

of

Memphis,

suffi¬

funds

to
pay
bonds Nos.
1240, both inclusive, in the
sum of
$60,000, maturing on Jan.
1, 1971.
Said bonds will be re¬
1181 to

deemed

by

from

surplus funds held
district at the interest

said

paying date of July 1, 1944, at
and

accrued

interest.

after July

ceases

par

Interest

1, 1944. 4-; r7

Half Moon

Water

quote

in

news

report

the

Bay, Calif.

District

part

Half

Planned

as

which

Moon

We

—

follows from
appeared
"Review"

Bay

a

in
of

May 25:
Petitions

were being circulated
Sharp Park area for forma¬
a

new

water district to in¬

clude

the

from

Edgemar

Coastside

Pedro Point

on

communities

the

north

to

the south. A $108,issue is in prospect for

bond

on

district.

new

Several

obtained

signatures

score

were

immediately for the

new

district proposal which would in¬
clude dissolution of the present
Salada * Beach public utilities dis¬
and inclusion of the present

trict

Vallemar water district in the

setup.

The

contain

approximately 3,800

new

district

new

would
acres

and has 1.750 water users.

provided, however, that the city
pledge

said

net

revenues,




Britain,

offer to

forwarded

18th

bonds

offered

Series,

the

of

the

ex¬

Atlantic

Na¬

Trust

Sale—The $100,000

fund,

either

to

agents,

tional Bank of West Palm Beach,
or
the Central Hanover Bank &

Conn.
sewer

issue

second

Co., New York City, to¬
gether with a check representing

the

(if any) between the
exchange price for the new re¬
.-r-V. 159, p. 2460—were awarded
funding bonds of 1944 and the
to; Day, Stoddard & Williams of
principal amount of the old bonds
New Haven
as
0.90s, paying a
being surrendered. The resolution
price of 100.4486, a basis of about
authorizing the new bonds pro¬
0.828%. Dated July 1, 1944. Due vides that
the series A bonds will
$10,000 from July 1, 1946 to 1955, bear additional
coupons
repre¬
Denomination $1,000.
The next senting
interest, in addition to the
highest bidder was: Harris Trust rate mentioned
above, of V2 of
&
Savings
Bank, Chicago, for 1% for the first six
years.
These
0.90s, at a price of 100.27. Other additional
coupons
will be de¬
bidders were as follows:
tached by the exchange agent and
Bidder—Int. Rate
Price
delivered to the banking group
Estabrook & Co.__
0.90%
100.192
making the offer of exchange, and
Lee Higginson Corp
0.90
100.177
do not constitute a part of the of¬
White, .Weld & Co
0.90
100.087
Cooley & Co
0.90
100.007
fer. Holders wishing to exchange
Halsey, Stuart & Co.__
1
100.19
their bonds should deposit them
First Nat'l Bk., Boston
1
100.15
with the exchange agent not later
than June 26, 1944, accompanied
FLORIDA
t
by a signed copy of the letter of
Delray Beach, Fla.
transmittal.
It is expected that
Tenders Rejected — In connec¬
physical exchange of bonds will
tion with the call for tenders re¬ be made on or about
July 21, 1944.
cently of refunding, series A, of
GEORGIA
1938, and/or series B, of 1940
bonds, Catherine E. Strong, City
Georgia (State of)
Treasurer, reports that the folJ
Superior Court Upholds Cor¬
lowing offers were rejected by
porate Tax Law
It was an¬
the City Council:
•t nounced on June 5
by Attorney
Stranahan, Harris & Co., Inc., General T.
Grady Head that the
at 95.70, and Crummer & Co., at
State had won a corporation in¬
97.50.
'
come
tax case of major impor¬
tance.'
'
;
Hialeah, Fla.
>
;\Y:
The case involved the pharma¬
Bond Call—P. E. Hackney, City
Clerk, reports that all outstand¬ ceutical house of Parke, Davis &
ing refunding series 1938 bonds, Co. of Michigan, which brought
Fulton County Superior
dated Jan. 15, 1938, are called for suit_ in
payment on July 15, 1944, on Court in an effort to void a sec¬
which date interest ceases.
Re¬ tion of Georgia's income tax law
demption and payment of said affecting interstate commerce.
for

sale

on

excess

June 4

'

Initial step,
of the

new

will be
issue

to

project

following formation

district, it

agreed,

was

the submission of
the voters for

to

from;; San

bring

outlined in
fore the

a

mass

bond

a

$108,500
supplies

H

e

t

The project

c

h

-

was

report by Wilsey be¬

meeting.

Under the law, Georgia has a
presenta¬
falling due formula for levying taxes on com¬
subsequent to July 15, 1944, at¬ panies which do business both in¬
tached, at the Trust Co. of North side and outside the State, but
bonds will

be

tion with all

made

on

coupons

America in New York

whose

City.

main

office

is

outside.

Parke, Davis & Co. held that prod¬
North Miami, Fla.
ucts shipped to its Atlanta ware¬
No Tenders Received—E. May
house, then sold other Southern
Avil, Town Clerk, reports that no States were not
taxable.
offers of refunding bonds, dated
Judge Paul S. Etheridge of Ful¬
Jan. 1, 1942, were received in con¬
ton Superior Court, held that such
-

nection

with

the

recent; call

tenders.

for

\

business
Head

was

taxable.

declared

that

while

the

County1 Special Tax case involved only about $3,000,
its outcome affected other busi¬
School District No. 1 (P. O.
ness of this nature, -such as rail¬
Okeechobee), Fla.
Bond Call—H. H.
Hancock, Su¬ road and bus fares, and that "a

perintendent Board of Public In¬
a

water

Francisco's

Hetchy system.

>

/

tremendous amount of money was

struction, reports that $42,000 re¬
funding bonds Nos. 1 to 70, and
73 to 86, are called for payment
on
Aug. 1, 1944, on which date

involved."

interest
1938.
1958.

ceases.

Denom.

Said

Dated

$500.

bonds

Aug.
Due Aug.

shall

be

1,
1,

re¬

Fir^t Security Trust Co., of Salt
Lake City, report of which
ap¬
peared in v. 159, p. 1811, Fred R.
Bagley, Chief Clerk, reports that
the

bonds

sold

were

at

and

par

mature March 15, as follows: $10,000

in
1946, $11,000 in 1947 to
1950, $12,000 in 1951 to 1954, and
$13,000 in 1955.

Gem County (P. O.

Emmett),

Idaho
Bonds Voted—Lillian M.

bell,

Camp¬
Clerk, reports that
recently $45,-

County

at the election held

000

hospital bonds
Idaho

sued to holders the details of the

Okeechobee

,

may

to refund $9,400,000
refunding bonds of
1936 for new refunding bonds of
1944, dated July 1, 1944, has is¬
program

outstanding

—

CALIFORNIA

the

city,
and by the taxing powers of the
eity heretofore, now or hereafter
conferred upon it by law, and are
further secured by a pledge of the
net revenues of
the Industrial
Water Works System of the city

that

deposit at the Union Planters Na¬

the

registration or trans¬
option of the holder,
Registered bonds
transferred
to
bearer

Joiner, Secre¬

tary, Southeast Arkansas Levee
District, is notifying bondholders

fer

the

7

(P. O. McGehee), Ark.
Bond Call—Faye

500

at

'

Southeast Arkansas Levee District

to successive

without charge.

"

ARKANSAS

tion of

Bank

The

National

100.07.

the

York.

First

Montgomery and HenMayes, of Birmingham, as
l%s, at a price of 100.20.
The
next highest bidder was*.
Watkins,
Morrow & Co., for 2s at a price of

in the

Chemical

the

Bond

$32,000

of

reject any or all bids.
Principal and interest payable at

New

The

—

drix &

govern.

price offered,
must agreed to pay ac¬

bidders
crued

shall

the

to

Sale

system refunding warrants
offered for sale on June 13 were

its

change
CONNECTICUT

Warrant

Bank

City, but not otherwise.

New

water

mining the highest bidder for.
said bonds, the net interest cost
to the city as shown in standard
■In

New York

for

Montgomery, Ala,

than three different in¬

more

check

$77,000.

rates of interest which each of the

"varying maturities are to bear, ex¬
pressed in multiples of J4 of 1%;

certified

a

M.

exchange. The $4,700,000
refunding bonds of 1944, series A,
3%
serial
bonds, non-callable,
to 34.
maturing from Aug. 1," 1945 to
Street Improvement District No. 1973,
are
offered at exchange
prices ranging from 102 to 100,
157, bonds Nos.: 27 to 30.
Street Improvement District No. yielding approximately 1.00% to
158 bond Nos. 28 and 29.
3.00%. • The $4,700,000 refunding
Alley Paving District No. 210 bonds of 1944, series B, 3V4 % term
bond No. 22.
bonds, due Aug. 1, 1979, and re¬
Upon request of the holders of deemable on Aug. 1, 1950, or on
any of the above bonds received any interest payment date there¬
10 days before expiration of this after, either in whole or in part
call, the Manager of Revenue, ex- by lot, at prices ranging from
officio Treasurer of the City and 10314% if redeemed on or before
County, will arrange for their Feb. 1, 1955, to 100%. The old
payment at the Banker Trust Co., refunding bonds of 1936 should be

such

Enclose

Thomas

which is acting as refunding agent
for the city, in connection with

Burlington

purchase the bonds, and
case
the deposit accom¬
panying his bid will be returned.
in

the

ceases,
:

of

the successful bidder
at his election, be relieved
obligation under the con¬

his

interest

on

Refunding Improvement, Series

law,

may,

date

which

June 20, 1944

following bonds:

-

mium

(City and County), Colo.

Bond Call—The Treasurer calls

to

by

Cook & Co., of West Palm Beach,

COLORADO

pledged, pari passu,
payment of the principal

the

to

facilities

from such

enues

purposes

Water
Works
refunding bonds.
1967, $200,000 in 1968 Said bonds and the interest there¬
and 1969, and $250,000 in 1970. on
are,* under existing law, ex¬
The city reserves the right to
empt
from
Federal,
Alabama
call said bonds for redemption in
State, county and municipal taxa¬
whole, or in part, in the inverse tion, and after maturity are re¬
order of their numbers, on Aug. 1, ceivable in
payment of all taxes
1954, or on any interest payment and dues to the city.
Bids must
date thereafter, at par and ac¬ be
submitted on prescribed forms
crued interest plus a premium of which
will be furnished on re¬
% of 1% per year, or fraction of quest. No conditional bid will be
a
year, of the unexpired term of considered.": In
the
event
that
the
bonds, measured from the prior to the delivery of the bonds,
date of payment stated in the call income received
by private hold¬
notice, to the stated or nominal ers from bonds of the same type
date of maturity of the
bonds and character shall be taxable by
called, provided that the call pre¬ the terms of any Federal income
in

deemed at par and accrued inter¬
est evidenced by coupons due on

Land
ury

were

Board

Authorizes

Bond Purchases

"Evening

voted.

(State of)

—

Statesman"

Treas¬

The

of

Boise
X *

June

carried the

following report:
Jenkins, Idaho commis¬
sioner of public investments, was
G.

L.

authorized

to

000.000

2 Vz%

purchase

up to $1,treasury bonds,
due March 15, 1970, and callable
March 15, 1965, for the endow¬

in

ment funds of the state at

a

meet-^

ing this morning of the State Land
Board

in

Governor

Bottolfsen's

office.
At

the

ance

present
hand

on

fund

is

time, cash bal¬

in

the

$61,217.64,

endowment

Jenkins

said,
large prin¬
cipal payments will be paid to the
department by various school dis¬
tricts and municipalities on or be¬
fore July 1.
and it is expected that

Jenkins said it

believed by

was

his office that there would be

trouble in

no

accumulating $1,000,000

before the close of the Fifth War
Loan drive for the

bonds

authorized

purchase of the
by the Land

Board.

/'•'
The^commissioner

thorized to bid

was

also auiv

proposed bond
issue in Gem county for the pur¬
chase of a general hospital and
also bonds proposed by the City
of Hailey for the purchase of their
on a

water works.

ILLINOIS

Decatur, III.
Bond
revenue

June

Sale—The

$280,000 water

bonds offered for sale

8—v.

159,

on

2354—were
awarded to C. F. Childs & Co., of
Chicago, and Associates, as IV4S,
paying a price of 100.555, a basis
of about 1.176%. Dated March 1,
1944.
Denom. $1,000.
Due Sept,
1, as follows: $5,000 in 1945 to
p.

$15,000 in 1949, $25,000 in
1958, and $20,000 in 1959.
highest bidder was: R.
S. Dickson & Co., Cruttenden &
Co., and Martin, Burns & Corbett,
for $160,000, IV2S, and $120,000, Is,
at a price of 100.013. Among the
other bidders were: Halsey, Stu¬
1948,

,

1950 to

The next

art & Co., for $280,000, 114s, at a
price of 100.03.
Harriman Ripley &
Co., Inc.,

and

Paine, Webber, Jackson &
Curtis, for $110,000,
IV2S, and
$170,000', IV4S, at a price of 100.02.
Stranahan, Harris & Co., Inc.,
and A. C. Allyn & Co., for $110,000, l%s, and $170,000, 114s, at
a price of 100.003.

Griggsville, III.
Bond Election—An election

has

been called for

July 12 to submit
to the voters an issue of $6,500
3V2% sewer system completion
bonds.

Dated July 15, 1944.

De¬
1, as
$500 in 1946 to 1952, and
$1,500 in 1953 and 1954. Principal
and interest payable at the First
National Bank, Chicago.
nomination

$500.

Due Jan.

follows:

Morgan County (P. O. Jasksonville), III.
Final

Bonded

Debt

Payment

Made—The Jacksonville "Journal"
of June 2
lows:

reported in part

as

fol¬

'

IDAHO

Morgan County is free of outstanding bonded indebtedness, as
Bond Sale Details—In connec¬ Wednesday the Board of County
tion with the sale of the $115,000 ( Commissioners paid off the last
214-2% refunding bonds to the installment of an $80,000 bond isBoise, Idaho

\

«

cleaning up the entire bonded
of the county government.
The final payment wa^ $12,000 of
sue,

fi,debt

Bonds

Awarded

Temporary Loan

—

A

County Treasurer, reports that at $500,000 temporary loan was
awarded on June 13 at 0.40%, as
principal, plus $300 the election held recently an issue
of $50,000 county
hospital con¬ follows: $250,000 to the Security
I
Trust Co. of Lynn, and $250,000
The bonds were issued 12 years struction bonds was voted.
to .the Second National Bank of
ago by vote of the people, the

the remaining
interest.

Perry, Iowa

$80,000 to be used in cleaning up
back bills of the county and

all
to

give it

financial

clear bill of

a

health.

Defeated

Bonds

—

Boston.

At

recently

held

tion

the elec¬

an

issue

$40,000 airport bonds was

0.41%, submitted by

defeat¬

tax

of 2.5 cents per

levy

county undertook to meet depres¬
sion crises has been completed,
■

Sold—It is stated by the

Bonds

Village Clerk that $18,000 2Vz%
semi-annual well and equipment
bonds

March,
March

approved by the voters in
have been sold.
Dated
15, 1944. Due on Dec. 1,

1962.

INDIANA

School Town¬
Newton), Ind.

Township,

Richard

ship (P. O.

ed,

Bond Offering—T. G.

McKnight,

will receive sealed bids
until 2 p.m. on July 5 for the pur¬
chase
of
$5,000 41/2% building
bonds.
Denomination $500. Due
trustee,

$500 July 1, 1945, and Jan. and
July 1, 1946 to Jan. 1, 1950. Rate
of interest to be in multiples of

(EWT)

bonds.

16

to

9

Nos.

are

called for pay¬

July 15,

on

Note

ley, State Treasurer,

deducting therefrom the premium

thereafter.

1940

Chapter 40 of the Acts of 1933 as
amended, creating an Emergency

IOWA

Iowa

Elockton,

Proposed Election

—

The Town

Clerk

reports that an election is
contemplated in the near future

"

tb submit to the voters

issue

an

of water system bonds.

Charles City, Iowa
Bonds

Defeated

held

—

June

on

At

5

an

the

elec¬

voters

required 60%
majority to the issuance of $150,€00 Memorial Building Bonds, ac¬
cording to City Clerk W. J, McGenney.
j
failed

to

give

the

Interest on the notes will
be payable at maturity. The Com¬
monwealth figures the interest on
of

number

exact

Independent

City

Bond Election—An election has

able

the

at

Bond

Sale

an

The

—were

to

awarded

the

Bluffs Savings

Bank as
par,
according to Nels
City Clerk. Dated July
Due on July 1 in 1945
Second best bid

was

an

100.167 for 0.75s, submitted by the

construction bonds.
La

Parish

Salle

(P. O. Jena), La

Offering

Bond

School District

are

5

Aug.

—

J. D. Russell,

election held

to

proved
^

June

the

—

5

At

issuance

an

election

voters

of

ap¬

$75,000

county hospital addition bonds by
a

count of 1,971 to 396, according

to County

authorized

on

May 13.

at

the

The ap¬

T.

Q.

Hardtner, President

of

Auditor John W. Met¬

calfe.




The

limitation

may be neces¬ 21, Article X of the Michigan Con¬
to pay the bonds and the in¬ stitution and the Michigan Prop¬
thereon as the same shall erty Tax Limitation Act. The Dis¬
become due, without limitation as trict authorized an increase in the
to rate or amount. Award will be tax rate limitation to 1.925% of

taxes

valorem

as

sary

terest

made

whose

bidder

the

to

pro¬

posal produces the lowest interest
cost to the City after deducting

valuation

assessesd

the

at

the

for

1944 to 1948, both inclusive,
election held on May 17,
Bids shall be conditioned

years
an

offered, if any.
In 1944.
determining the net interest cost, upon the unqualified opinion of
interest on premium will not be Claude H. Stevens, of Detroit, ap¬
the premium

considered
terest
from
are

deductible

as

in¬

and

bonds will be computed

on

the

date

proving the legality of the bonds.
The cost of such opinion shall be

which bids paid by the District. Cost of print¬
first op¬ ing the bonds to be paid by the
date on each bidder. Enclose a certified check

upon

to ,be received to the

tional

redemption

callable

tive

Bids shall be conditioned

sidered.

the unqualified legal opinion
of Clause H. Stevens, of Berry &
Stevens, of Detroit, approving the
legality of the bonds. The cost of
said legal opinion and of printing
the bonds will be paid by the
Bonds will be delivered in

Mississippi (State of)
Bond Sale—The

$2,000,000 highi

refunding, third series bonds
were awarded on June 9—v. 159,
way.

2354—to the Equitable Securi¬
and M. A. Saunders &

p.

ties Corp.,

Co., of Memphis, and Associates,
a price of 100.00, a net interest
cost of 1.736%,
as follows:
For

at

$975,000 maturing $500,000 Feb.
and $475,000 Aug. 1, 1960, as 2s,

$1,025,000 maturing $25,000
1, 1960, and $500,000 Feb.
and Aug. 1, 1961, as IV2S. Dated
March 1, 1944. Denomination $1,000.
Due on Sept. 1, as follows:
and

Aug.

notes

Waltham, Mass.
Note

Sale—The

Davis,
ceive
on

Offering

City
bids

June

22

—

awarded

for

to

the

Bank of Boston at 0.39% discount,

N,atJl]o[n^hBank, Boston____

Leavitt

&7bgur,i_.i

Waltham

Natidiial

0.41%
0.413
0.415

Bank.

Harriman(>Hip|ail& Co., Inc.______

11

the

a.m.

f

Offering

—

The

will

re¬

noon on

chase of

purchase

at

Town

June 19 for the pur¬

$100,000 notes. Due Nov.

Offering

—

The

stated

Graham, Par¬

voters

an

•

of the bonds.

Bond

JJloomfield Township (P. O.
Orchard Lake), Mich.
Election Being Considered—An
election is
being considered to
submit to the voters an issue of

sale

$30,000 construction bonds.

St.

,

District No. 2

Township School

(P. O. Pontiac),

■

:

,

MISSOURI
Brentwood

•

of New

York, and T. W. Woodward Co.,
of Jackson, were associated with
the above named in the purchase

to submit to the
issue of $14,000 water-

system bonds.

Condon, of

Chicago, Ira Haupt & Co.,

recently

West Bloomfield

Town

that

Meridian, McDougal &

West

Winthrop, Mass.
Note

held

Mich.
$400,000 revenue an¬ Treasurer will receive sealed bids
Bond Offering—Colin B. Batchticipation notes of 1944.
Dated until 11 a.m. on June 19 for the
June 22, 1944 and due Nov. 28, purchase of $125,000 notes.
Due elor, District Secretary, will re¬
ceive sealed bids until 8:30 p.m.
June 1, 1945.
1944.

discount of

is
&

0.42

20, 1944.

(EWT)

It

Co., of New York, McDon¬
Ferndale, Mich.
ald & Co., of Cleveland, J. S. Love
Tenders Wanted—Jay F. Gibbs,
Co., Leland Speed Co., both of
City Manager, will receive sealed Jackson, Kingsbury & Alvis, of
tenders until 8 p.m.' on June 19 of New
Orleans,
Alm'stedt
Bros.,
certificates of indebtedness, series Bankers Bond Co., both of Louis¬
C and D.
Tenders should fully ville, Baum, Bernheimer Co., of
describe the bonds or certificates
Vicksburg. George T. Carter, of

.

Discount

Bidder—.
Second

noted.

sons

a

until

M.

$153,000 registered various issues
of the City of Detroit bonds.

offered, including serial numbers,
premium of $3. Dated June and should state sum for which
14, 1944.
Denomination $50,000, these bonds or certificates will be
' • '
$25,000 and $10,000. Due Nov. 5, sold.
1944. Other bidders were as fol¬
Roscommon, Mich.
lows:
"...
.. '
:
Bond Election—An election was

plus

Treasurer will receive sealed bids

Raymond

Treasurer,
until

$300,000 notes
14 were
First National

offered for sale on June

Note

Everett, Mass.
Note

Na¬

Winchester, Mass.

MASSACHUSETTS

the

thereon, within the
prescribed by Section

interest

and

Merchants

0.41%, tendered by the Home
tional Bank of Brockton.

School Board.

Iowa

on

the

for

bonds

the

Henry County (P. O. Mt. Pleasant),
Bonds Voted

ad

such

Detroit,

i chants National Bank of Boston,
at 0.40%.
Due on June 18, 1945.
Second best offer was a bid of

Jr., Secretary School Board, will
receive sealed bids until 10 a.m.

White-Phillips Co.

lield

therein

property

—

proving opinion of Chapman &
Council Cutler, of Chicago, will be fur¬
nished.
The right is reserved to
0.65s, at
Hansen, reject all bids and to sell all or
1, 1944.: part of the bonds. Enclose a cer¬
tified check for $11,250, payable
to 1948.
offer of

by law to levy upon all the tax¬
able

,

issue of

$19,000 semi¬
annual refunding bonds
offered
for sale on June 12—v. 159, p. 2460
—

to

City.

Adams, Mass.

Boston.

of

Bank

purchase of
$13,500
$225,000 3% construction bonds.
construction and equipment bonds.
Dated Aug. 1, 1944. Denomination
Council Bluffs, Iowa
$1,000. Due in 1945 to 1958. These
the voters

The bonds will be sub¬ of y4 of 1%. Principal and inter¬
redemption in
inverse est payable at the Detroit Trust
numerical order, at par plus ac¬
Co., Detroit. Award will be made
crued interest, on 30 days' notice, to the bidder whose bid produces
on any one or more interest pay¬
the lowest interest cost tq the Dis¬
ment dates as follows: $5,000 ma¬ trict after deducting the premium
turing in 1952 and 1953, on and offered, if any. In determining the
after July 1, 1950, $5,000 maturing net interest cost, interest to be
in
1954 and 1955, on and after
computed from July 1, to the re¬
July 1, 1948, and $5,000 maturing spective maturity dates. No bid
in 1956 and 1957, on and after July for less than all of the bonds will
1, 1946.
Principal and interest be considered. The District is au¬
payable at the Citizens National thorized and required by law to
Bank, Cheboygan. The bonds will levy upon all the taxable property
be general obligations of the City, therein such ad valorem taxes as
which is authorized and required
may be necessary to pay the bonds
of 1%.

ject

.

on

to

prior

after July 1,

and

unless otherwise agreed
Note Offering—Percy F. Kitt- between the City and the pur¬
chaser. In the event that prior to
redge, City Treasurer, will re¬
ceive sealed bids until noon on the delivery of the bond the in¬
June 30 for the purchase of $100,- come received by private holders
000 notes.
Dated June 20, 1944. from bonds of the same type and
Denomination $25,000.
Due Nov. character shall be taxable by the
6, 1944. Issued in anticipation of terms of any Federal income tax
revenue for the year
1944. Pay¬ law hereafter^ adopted by Con¬
North

,

been called for June 28 to submit

date

ment

$5,000 in 1945 to 1948, $15,000 in
National gress, the successful bidder may,
1949, $25,000 in 1950 to 1958, and
will at his election, be relieved of his
$20,000 in 1959.
1, 1959. Serial option bonds 16-31 be certified as to genuineness and obligations under the contract to
The issue was originally sched¬
to 16-45 inclusive in the principal validity
by the Merchants Na¬ purchase the bonds and in such uled for sale on June 8, but all
amount of $15,000 bearing interest tional Bank of Boston, and their case the deposit accompanying his
bids then in hand were rejected,
at
IV2 %;
and numbered term legality approved by Storey, bid will be returned. Enclose a
as the State, according to report,
bonds in the principal amount of Thorndike, Palmer & Dodge, of certified check for $1,160, payable
was
unable
to
determine
the
Boston. Delivery will be made at to the City.
$25,000 bearing interest at 1%%
highest offer. This was attributed
are called for redemption July 1.
the above bank for Boston funds.
'
to the complicated character of
Detroit, Mich.
Bids by telephone will be ac¬
Blond Offering1—Charles G. Oak- the bid conditions specified in the
LOUISIANA
4 >
/>■
■: '
i,
•>.{;;■'
cepted.
•notice of sale,
Following the bid
man, Secretary, Board of Trustees
Grant Parish School District No. 16
Randolph, Mass.
Policemen and Firemen Retire¬ rejection, the State amended the
(P. O. Georgetown), La.
j,
Notes Sold
It is stated by ment
System,, reports that the bidding requirements and asked
new
offers
be
made on
Bond Election—An election has Town Treasurer Marion L. Bailey, Board will receive sealed bids un¬ that
June 9, with the result that the
been called for June 27 to submit that $50,000 revenue notes were til 10:30 a.m.
(EWT) on June 20
bonds
were
awarded as
above
to the voters an issue of $60,000 awarded on June 12 to the Mer¬
for the purchase of all or none of

School

District, Iowa

days on a 360-

day year basis.

Kentucky Bridge Revenue bonds
dated June 1. 1941 maturing Jan.

No. 5

Gilmore

Due July 1,

follows: $4,000 in 1945 to

upon

.

tion

as

bond and to the respec¬ for 2% of the bonds, payable to
maturity dates on non-call¬ the District Treasurer.
able bonds.
No proposal for less
MISSISSIPPI
than all of the bonds will be con¬

livery.

be

ship.

15, 1944.

to maturity on
1948, upon pay¬
1951, ment of par plus accrued interest
and $5,000 in 1952 to 1957. Rate to
semi-annual
payment
date.
of interest to be in multiples of Rate of interest to be in multiples

Denomination $1,000.

ject to the approval of the Gov¬
ernor
and Council.
Boston de¬

No Kentucky Title
&
Trust Co.,
consid¬ Louisville. Also, Project No. 16 in
certified check for amount of $40,000 consisting qf

a

Dated June

interest

part of $2,500,000 notes due
July 12, 1944. Principal and in¬
terest payable in Boston or New
York at the option of the pur¬
chaser. Award of this loan is sub¬
of

Township.

$500, payable to the School Town¬

Board, being in renewal

Finance

opinion of Matson, Ross. McCord Project No. 2 in amount of $30,& Ice, of Indianapolis, will be fur¬ 000, also payable at the Chemical
nished the successful bidder at the Bank & Trust Co. or office of the

ered. Enclose

of

provisions

the

under

issued

bid, if any. No bid for less than cipal amount of these bonds to¬
par will be considered. Said bonds gether with a premium of V2 of
are
the direct obligations of the 1% of such principal amount will
said School Township, payable out be made on or after July 1, 1944,
of unlimited, ad valorem taxes to at
the
office
of the Chemical
be levied and collected on all of Bank & Trust Co., New York City
the taxable property within the or at the office of the Kentucky
School Township. The approving Title
&
Trust
Co., Louisville.

will

(EWT) on

the purchase of $2,-

000,000 notes. Dated July 12, 1944.
Due J une 11, 1945. The notes are

interest payment date
Payment of the prin¬

any

or

for

19

June

redeemable Jan. 1,

1950, and are

will receive

sealed bids until noon

Dated July 15, 1942.

City.

(State of)
Offering—Francis X. Hur¬

Massachusetts

1944, on which
date interest ceases, at the Chem¬
ical Bank & Trust Co., New York
ment

puting the total interest on all of
the bonds to their maturities and

the

for the

at the Na¬
tional Shawmut Bank of Boston,
Bonds Voted—It is advised that
and will be ready for delivery on
at the primary election held re¬
or
about June 20, 1944, at said
cently an issue of airport bonds bank.
The notes will be authen¬
was voted.
ticated as to genuineness and val¬
idity by the National Shawmut
KENTUCKY
Bank of Boston, under advice of
Hickman County (P. O. Clinton), Storey,
Thorndike,
Palmer
&
Ky.
Dodge, of Boston. The right is re¬
Bond Call—The State Local Fi¬ served to reject any or all bids
nance
Officer reports that 414% and no telephone bids will be re¬
road and bridge refunding bonds ceived.

highest bidder will be the No. 1 proposed calling of $220,000
of these securities for redemption
one who offers the lowest net in¬
terest cost to the School Town¬ July
1, 1944.
Bonds are dated
ship, to be determined by com¬ June 1, 1939 and mature July 1,

bids

Issued

Payable

1944.

year

Shenandoah, Iowa

The

of

and

$10,000

$25,000,

$5,000. Due Jan. 16, 1945.
in anticipation of revenue

Kentucky (State of)
and not more than one
Bridge Bond Retirement Sched¬
be
named by each
bidder. The bonds will be award¬ uled—J. S. Watkins, Commissioner
ed to the highest responsible bid¬ of Highways, has published a re¬
der who has submitted his bid in demption notice of bridge rev¬
refunding
bonds.
Project
accordance with the notice of sale. enue

conditional

Dated June 20,

nomination

101, the issuance of the

shall

expense

June 20 for the pur¬
notes at a dis¬
1944. De¬

on

of $250,000

chase
count.

% of 1%

rate

Howard

Hughes, City Treasurer, will re¬
ceive
sealed
bids
until
noon

on

$30,000 municipal airport

Maiden, Mass.
—
J.

Offering

Note

May 31—tV. 159, p. 2243—
the voters approved, by a count
held

of 289 to

III.

Orion,

,

the Day Trust

Co. of Boston.

having failed to receive the
60% majority required for passage
$100 valuation, which has been in of the votes cast. 311 favored the
force to meet the bond payments
issue and 240 were opposed.
"will be dropped from the rate
Rock Rapids, Iowa
schedule next year, the commis¬
sioners said.
The job which the
Bonds Voted — At the election
The

bonds.

June

on

chase of $30,000 not

Cheboygan, Mich.

,

1944

offer of

Second best bid was an

of

19 for the pur¬
to exceed 3%
coupon
school bonds.
Bond Offering — I. N. Couture, Dated
July 1, 1944. Denomination
City Clerk, will receive sealed $1,000. Due $6,000 July 1, 1945 to
bids until 8 p.m. (EWT) on June 1949. Bonds maturing in 1949 shall
20 for the purchase of $58,000 not be redeemable in inverse numer¬
to exceed 3% coupon refunding of ical order upon any interest pay¬
(EST)

MICHIGAN

Lynn, Mass.

(P. O. Albia), Iowa
Voted—W. M. Peterson,

Monroe County

Monday, June 19, 1944

FINANCIAL CHRONICLE

THE COMMERCIAL &

2572

,School District, Mo.

(non-callable)
on

were

school
bonds offered for

SalphrThe $55,000
-

June 8—v.

159. p. 2355—•

awarded to the MercantileBank & Trust Co.^ of

Commerce

Louis,

100.022,

a

as

l%s, at a price of

basis of about 1.373%.

Dated June 1,

1944. Denomination

Due $11,000 April 1, 1958
1962. The next highest bidder

$1,000.
to

was

G. H. Walker & Co.,

for IV2S.

,Volume 159

THE COMMERCIAL & FINANCIAL CHRONICLE

Number 4291

MONTANA
Dawson County (P. O.
Mont.
Bond

4,000 City of Indianola 5% re
funding bonds. Dated Nov. 1

Glendive),

Offering—L.

1936, and due $1,000 Nov. 1
1944
to
1947; non-optiona

Elliott,

T.

Interest date M-N.

Clerk, Board of County Commis¬
sioners, will receive sealed bids
until 10 a.m. on July 1 for the

Block

July 1, 1944.

Amortization

bonds will be the first choice and

thereafter.

second
choice of the Board. If amortiza¬
tion bonds are sold and issued,
serial

bonds

will

the

be

Dec. 15.

entire issue may be

one

single or divided into several

7,500

mine

will

1, 1945, and a like
amount on the same day each year
thereafter until all of such bonds
July

on

The said bonds will be
less than their par
with accrued
interest to

Dec.

No. 31, at

delivery and all bidders
must state the lowest rate of in¬

terest at which

they will purchase

The Board re¬
serves the right to reject any and
all bids and to sell the said bonds

the bonds at par.

sale. Enclose a certified
for $500, payable to the

at private

above Clerk.

F-A.

a

No.

'1

Sale of Portfolio Bonus

is

5

No.

9 '

Block No. 19

;a

11,000 Village of Holbrook 3V4%
refunding bonds. Dated Dec.

1, 1940 and due Dec. 1, as fol¬
$500 in 1945, $500 in
1949 to 1951, and $1,000 in
1952 to 1960; optional $2,000
Dec. 1, 1945 and $9,000 Dec.
1, 1945. Interest date J-D.
19,000 Village of Holbrook 3V4%
sewer
bonds. Dated Sept. 1,
1940 and due Sept. 1, as fol¬
lows: $1,000 in 1946 to 1952,
$1,500 in 1953 and 1954, $1,000
in 1955 to 1957, and $2,000 in
1958
to
1960; non-optional.
Interest date Sept. 1.
lows:

7, at 102.469

v

all optional any interest date.
Interest date F-A.'-".
36,000 Village of Clarks refund>:
ing bonds. Dated Aug. 1, 1937
and due Aug. 1, as follows:
money in U. S. Government bonds
$2,000 in 1955, $3,000 in 1956,
piaturing about 1947. A. J. Forand $31,000 in 1957; all op¬
man, City Clerk;
:

$113,000 in Nebraska municipal
bonds
(both figures par value)
with the view of re-investing the

V

Block No. 24

41,000 City of Minatare 2J/2% re¬
funding bonds. Dated Oct. 1,
1941 and due Oct. 1, as folV
lows: $1,000 in 1953, $2,000 in
1954 to 1960, and $26,000 in
1961; optional on or after Oct.
1, 1946.- Interest date Oct. 1.

Gotherburg, Neb. ' V,
Sale — The
Robert

'•Bond

•X/X Hate of interest to be 3%

E.

1950

Omaha, recently
purchased
$5,000
3%
funding
bonds.
Dated June 1, 1944.
Due
Schweser Co., of

Sale

(State of)

■

.

v':

16,000

'

date J-D.

1945

Block No. 30,

building bonds. Dated Feb. 1,
1927 and due Feb.
1, as fol¬
lows: $3,000 in 1948 to 1952,
and $4,000 in 1953 to
1957;
non-optional.
Interest
date
F-A.

;':iy

'

date

June

1.

Block No., 20, at

'

at 117.00

35,000 Seward County S. D. No.
4
(Beaver
Crossing) 4%%

•

1, 1940 to 1945. Interest

v*

:

'Vv.

To the National Co. of Omaha:

-

Block

106.15

10,500 City of Indianola4% sewer
bonds. Dated Jan. 1, 1938, and
due Jan. 1, as fotlbws: >$1,000
in 1950, $1,000 ItfU951, $1,500
in 1952, $1,000 in 1953, $3,000
in 1954, $1,000 in 1955, $1,000
in 1956, and $1,000 in 1957;
non
optional.
Interest date

No. 33, at 107.58

.

$14,500

Village
of
Wilsonville
3%% refunding bonds. Dated

,

4

Sept. 1, 1937 and due Sept. 1,
as

follows: $1,000 in 1944, $1,-

000

in

1947,

$1,500

in

May

1,
1,

1, 1931 and due

5,000 City of Indianola ZVi% re¬
funding bonds. Dated Nov. 1,
1936, and dde $1,000 Nov. 1,
1948
to
1952;
non-optional.
"».
Interest date M-N.
.




,

a

considered

be

rate

which

higher than the

stated in

legally
Each pro¬

any

acceptable proposal.
posal must state the amount bid

June 1, 1938 and due June 1,
as
follows: $1,000 in 1942 to

1947, and $12,000 in
non-optional.
Interest
,V: June

1948;
date

1.

Block No. 27

,

v.

12,000 Village of Newport 5V2%
;

electric
.

transmission '-bonds.

Dated

May 1, 1925 and due
May 1, 1945; non-optional. In-

for

Block No. 12

$18,000 Village of Decatur. 3V4%

lows:

non-op¬

bids

and

received

the,following $328,528 bonds:

,

interest

any

borough, at
interest

payment date
No

bond may be

its

to

and

par

on

ac¬

interest
1, 1948.

any

after

Jan.

redeemed prior

maturity without the

con¬

sent

of

of

intention

on

a

to redeem the bond
date specified in such notice

the

be

unless

published

at

least

than

more

holder

one

notice

or

more

30

days and not
40? days prior to the

date upon which such
redemption
before maturity is to be
made, in
a

for the

than all of the

bonds, which shall be not
$32,000 nor more than
$33,000.
As between legally ac¬
ceptable proposals specifying the
same
rate of interest, the bonds
will be sold to the bidder comply¬
ing with the terms of sale and of¬
fering to accept for the amount
than

bid the least amount of bonds, the
bonds to be accepted being those

outstanding bonds
maturity are redeemed
prior to their maturity, the bonds
of any one

to be

redeemed will be selected

so

by lot. Principal and interest
able

at the Lodi Trust

Co.,

pay¬

at

or

the Public National Bank & Trust

Co., New York City.

The bonds
will be sold to the bidder who of¬

maturing, and if two or more fers to accept the least amount
bidders offer to accept the same of bonds (the bonds to be accept¬
least amount, then the bidder of¬ ed being those first
maturing) and
fering to pay therefor the highest to pay therefor the highest price,
price.
The purchaser must also which must be a sum not less than
$384,000 and not more than $385,pay an amount equal to the inter¬
est

on

the bonds

accrued

to

the

000.

The purchaser must
pay ac¬
interest from the date of

date of payment

crued

the bonds to the date of
delivery.
No interest will be paid

the

of the purchase
In the event that prior to

delivery of the bonds the in¬

come

received

by private holders
same type and

cessful

bidder

will

be

furnished

with the opinion of Hawkins, Delafield & Longfellow of New York,
are

valid and le¬

Chester

upon

deposit

the

made by the successful
The approving opinion of
,

bidder.

Memorandum

—

At

indebtedness

a

of the above

y

bonds.

Dated

May

$1,000 in 1945 to

$2,000

in

non-optional.
May 1.

1951

1,

1950

to

1956;

Interest

date

(EWT)

on

June 23 for the purchase of $384,000 3%% coupon or registered re¬

funding of 1944 bonds.
Dated
1, 1944. Denomination $1,000. Due July 1, as
follows^
$2,000 in 1945, $4,000 in 1946 and
1947, $5,000 in 1948, $6,000 in 1949,1
$7,000 in 1950 and 1951, $8,000 in
1952 and 1953, $10,000 in 1954,
$14,000 in 1955 and 1956, $15,000

June

interest on bonds of a class
character which includes these

or

bonds, will, at the election of the
purchaser, relieve the * purchaser
from
his obligations under
the
entitle the purchaser to the return

meeting of the Local Government
Board, constituting the Funding
Commisison, held recently, a
memorandum was presented deal¬
ing with the proposed refunding
of the

the

of the amount

to

Presented

Local Government Board

sion of exemptions or
otherwise,
subjects to a Federal income,tax

terms of the contract of sale and

Township (P.O. Maple
Shade), N. J.

p.m.

tional. Interest date M-S.
no

the

crued

bid.

Enclose

deposited

payable

to

the

are

check

the

bonds

June

on

certified

a

treasurer's

or

with^ the f
cashier's

for

$7,680,

borough.
These
originally offered

2, the sale of which

postponed.

was

\:

Monmouth County

■

(P. O. Free-

V hold), N. J.

$50,000

■

and $1,500 "iin

were

on

less

Township, involving the issuance
of $364,000 general refunding
terest M-N.
'
■:
bonds and $246,000 water refund¬
16,000 Village of Newport 2V2%
ing bonds. It is hoped to secure
refunding bonds.
Dated May
the immediate exchange of ap¬
1, 1940 and due May 1, as folone-third
of
the
lows: $500 in 1946 to 1959, proximately
bonds with the balance to be han¬
and $9,060 in 1960; optional
dled in such a way that the call
May 1, 1940. Interest date
can be made at the next effective
M-N.
\vdate, namely Oct. 15, 1944. It was
"rBlock No. 29
stated that if the present indebt¬
60,000 Village of Potter 2%% edness can be refunded in ac¬
refunding bonds. Dated Jan. cordance with the plan outlined,
1, 1941 and due Jan. 1, as fol¬ it will produce an over-all saving
lows: $2,000 in 1945 and 1946, in interest of
$89,066.50, and at the
$3,000 in 1947 to 1951, $4,000 same time relieve the township of
in 1952 to 1955, $5,000 in 1956 certain covenants which are un¬
to 1960; optional $15,000 Jan.
duly restrictive.
1,1946. InterestJ^jT-J.
Lodi, N. J.
The high bid byfcth&iRobert E.
Bond Offering—Joseph D. PaSchweser Co. of Omaha^t 100.638,
cella, Borough Clerk, will receive
for the following wa$"Withdrawn:
sealed bids until 8

1940 and due May 1, as fol¬

There

of

?

sewer

1955;

interest

newspaper or financial journal
publish in the Borough of Man¬
hattan, New York City. If less

gally .binding obligations of the
City. Enclose a certified check for

Block No. 26

$1,000 in 1953, $1,500 in 1954,

Jan. 1.

accrued

payment date after Jan. 1, 1947.
Each of the bonds
payable on
July 1, 1968, will be redeemable
prior to its maturity at the option

will

specifies

that the bonds

1948,

$2,500 in 1949, $500 in 1950,

able

posal

lowest rate

1, 1927 and due
character shall be taxable by the
1947; .optional after
terms of any Federal income tax
1932.
Interest date

$2,500 in 1951, $1,500 in 1952,

-

payable
July 1, 1969, will be redeem¬
prior to its maturity at the
option of the borough, at par and
on

times

1, 1941, Interest date M-S.

r

date

accrued interest, on
any in¬
terest payment date after Jan.
1,
1946.
Each of the bonds

Bank, Cape May.

March 1,1951; optional March

Drain¬

103.225/

and

tional

No pro¬

Each of the bonds
pay¬

July 1, 1970, will be re¬
deemable prior to its maturity at
the option of the
borough, at par
on

shall

-

26,000 Village of Dix 5% refunding bonds. Dated June 1, 1926,
; and due June 1,1946; optional
on
any
interest date» after
June 1, 1937, $2,000 June 1,
:
1938
and
1939,
and ! $3,000
June

County

1949., Interest

Sept. 15.

;

'

to

,

18,000
Village
of
Newcastle
3V4%
sewer' bonds.
Dated

15,500 Village of Ohiowa 4%%
refunding bonds. Dated Sept.
15, 1930, and due Sept. 15,
1950; optional $1,000 Sept. 1,

-

Block No. 13, at 100.576

Dawson

Block No. 28, at

$51,000 Village of Carroll 4% re¬
funding bonds. Dated Dec. 1,
1935, and due Dec. 1, 1955;
optional $2,000 Dec. 1, 1944,
and $2,000 each year there¬

Prin¬

from bonds of the

Dated March

14, at 118.75

optional. Interest date Noy. 1.

;

;

for all of the bonds.

1970,

able

cipal and interest payable in law¬
ful money at the Merchants Na¬

$640, payable to the city.

No.

District No., 3 6% drain¬
bonds. Dated Nov. !, 1931
and due NoV.'' 1, k$ follows:
$1,000 in 1944 to 1951',' dnd
$2,000 in 1952 to 1955; non-

of

bonds.

1,800
Village
of
Moorefield
41/2% water extension bonds.

age

:

Interest

i

11, at 120.40

age

'■•v';vV.,••

Block No. 6, at 103.92 :

after.

of

May
May

■

-.

To the Robert E. Schweser Co.

Omaha:

No.

Block

various taxfree
bonds
of Nebraska
State
Subdivisions offered by the Board
on June
5, $344,500 bonds were
follows:

Corp.

same

in

Reed, Hoyt & Washburn, of New
York, that the bonds are valid and
law, the successful bidder may, legally binding obligations of the
V M-N. :v::,.r;y,v;
at his election, be relieved of his borough,
will be furnished the
12,000
Village
of
Moorefield
V 4V2%
water
bonds.
Dated obligations under the contract to purchaser. The enactment at any
time prior to the delivery of the
March 1, 1931 and due March purchase the bonds and in such
case the deposit accompanying his
bonds, of Federal legislation which
1, 1951; optional March 1,
bid will be returned.
The suc¬ in terms, by the repeal or omis¬
1936. Interest date M-S.

date J-J.

Sale—Henry H. Bartling,

of the $720,028

as

Wachob-Bender

Dated

;

?

Secretary, State Board of Educa¬
tional Lands and Funds, reports

sold

Interest

transmission

electric

:

follows: $3,000 in 1956
and 1957, and $4,000 in 1958, op¬
tional June 1, 1954.
.

that

to

1954,

$32,000 Dakota County S. D. No.
11 (South Sioux City) 5y2%
building bonds. Dated Jan. 2,
1924, and due Jan. 2, as fol¬
lows: $2,000 in 1947, $2,000 in
1950 and
$7,000 in 1951 to
1954; non-optional.
Interest

June 1, as

Nebraska

thereafter.

E.

of Omaha, pur¬
chased recently $10,000 3% sewer
bonds. Dated June 1, 1944. Due

Schweser '.Co.,

Bond

the

Block

Robert

The

—

3%

1950 to

Omaha:

Harvard, Neb.
Bond

4%%

date F-A.

To

1954.

$1,000 June 1, 1950 to

y.V

and

and

registered water of 1944

Dated

1957, $16,000 in 1958, $18,000 in
1959, $19,000 in 1960, $20,000 in,.
1961 and 1962, $21,000 in 1963 and
1964, $23,000 in 1965, $25,000 in
1966, $26,000 in 1967, $27,000 in
1968, $28,000 in 1969, and $16,000

price.

Block No. 25

7,500 Village of Moorefield 4V2%

after Aug. 1. 1954.

on or

bonds.

in

first

*

tional

$32,000 not to exceed 6%

coupon or
re¬

-

proval by the City Council on its
plan to sell $19,000 in Nebraska
school district bonds and to sell

and due

Dec. 1, as fol¬
$3,000 in 1957 to 1959,
and $4,000 in 1960; optional

terest date. Interest Nov. 15.

103.09

$4,500 Village of Clarks 3% re¬
funding bonds. Dated Aug. 1,
1937, and due Aug. 1, as fol¬
lows: $500 in 1945, $1,000 in
1947 and 1948, $2,000 in 1949;

Author¬

Department of Utilities
said to have been granted ap¬

ized—The

1,

13,000 Village of Decatur 3V4%
funding bonds. Dated Dec. 1,
1940

'

No.

Dec.

July 1, 1944. De¬
funding bonds. Dated Nov. 15, nomination $1,000. Due July 1, as
1936 and due Nov. 15, as fol- follows: $5,000 in 1945 to
1949, and
lows: $1,000 in 1943, $2,000 in $7,000 in 1950.
Rate of interest to
1944 to 1955, and $9,228 in be in a
multiple of lk or one1956; all optional on any in¬ tenth of 1%, and must be the

'

.

Block

after

or

lows:

34,228 Village of Craig 3V2%

To the Village of Clarks:

Fremont, Neb.

on

1945. Interest date J-D.

Sept. 1.

v

NEBRASKA

optional
:

chase of
Block

Block

•

r

8,500 Sheridan County S. D, No
26
(Clinton) 3V2% funding
bonds.
Dated Aug.
1, 1940
and due Aug. 1, 1960; nonoptional. Interest date F-A
12,500 Sheridan County's. D. No
26 (Clinton) 3V2% refunding
bonds.
Dated Aug.
1, 1940.
and due Aug. 1, I960; optional
Aug. 1, 1945.
Interest date

of

check

4%%

Lyman
Dated

not

for

value

date

of

bonds.

terest date A-O.

paid.

are

sold

v/.

.

16,000 Village of Decatur 31/4%
refunding bonds. Dated Dec.
1, 1940 and due Dec. 1, 1960;

,

55,000 Village of Lyman 4% re¬
funding bonds. Dated April 1.
1938, and due April 1, as fol¬
lows: $1,000 in 1945, $2,000 in
1946 to 1948, $2,000 in 1949
to 1957, and $30,000 in 1958
optional $18,000 April 1, 1948
and $30,000 April 1, 1948. In¬

$7,000 each, the sum of $7,000 of
said serial bonds will become pay¬
able

date

Dec. 1.

amount of

in the

be

..

Block

2573

33,000 Brown County S. D. No.
on or after Dec.
1, 1945. Inter¬
4 (Long Pine) 3V4% funding
est date J-D.
bonds. Dated Sept. 1,1940 and
due Sept. 1, as follows: $500
NEW JERSEY
in 1946 io 1950, $500 in 1956
Cape May, N. J.
to 1960, $1,000 in 1944 to 1950.
Bond Offering — Stanley C.
and $2,000 in 1951 to 1959, and
Schellenger, City Clerk, will re¬
$3,000 in 1960; all optional
ceive sealed bids until 11 a.m.
Sept. 1, 1945.
Interest date
(EWT) on June 23 for the pur¬
M-S.

1929, and due Dec. 1, 1949
optional $2,500 Dec. 1, 1943
to
1945, incl.
Interest date

as

upon

they

Interest

Village

sewer

the Board may deter¬
at the time of sale,
both principal and interest to be
payable in semi-annual instal¬
ments
during a period of five
years from the date of issue.
If
serial bonds are issued and sold
bonds,

$55,000 in 1958; non-optional.
Interest date

Block No. 23, at 103.20

put into

the

22, at 106.36

3

$63,000 Village of Broadwater 3%
refunding bonds. Dated Sept.
I,- 1938 and due Sept. 1, as
follows: $1,000 in 1944 to 1948,
$1,000 in 1955 to 1957, and

11,000 Village of Litchfield 5%
funding bonds. Dated Dec.. 15
1930, and due Dec. 15, 1950
optional $1,000 Dec.- 15, 1943
to. 1949, or any interest date

purchase of $35,000 not to exceed
2%,
interest
refunding
bonds.
Dated

No.

Block No.

ation

Shore

Voted

County
have

—

Jetty
The

Freeholders

authorized

Appropri¬

Board

is

said

June

on

7

of
to
the

appropriation
of
approximately
$50,000 to cover its share of jetty
building programs in Deal and
Sea

Girt,

Contractswere

also

awarded for the reconstruction of

two

bridges and money
ated for two others.
Freeholder
who

Joseph

offered

Irwin,
the

on

jetty projects,

explained that these

are

the first

undertaken under the

program

50

C.

resolutions

Deal and Sea Girt
to be

appropri¬

new

in which the State meets

cent of the cost, the mu¬
nicipality 40 per cent and the
per

county 10
of the

per

Deal

cent.

erosion

The total cost
control

pro¬

gram is

$369,876.92 and Sea Girt's
$124,000.
The county formerly
contributed
cost.

■'

Since

15
•

the

per

cent

of

the

through

the

v

State,

.

Board of Commerce and

tion, is
these
not

a

;

Naviga- *

participating agency in

projects down payments

are

required in the current budget

June

27, by W. E. Easterling,

but must be included in the 1945

pervisor will receive sealed bids

schedule.

The

pay¬

until

ment

be

$620

purchase of $165,000 notes. Dated
Raleigh, for the purchase of $120,July 1, 1944. Due July 1, 1945.
000 coupon public improvement
Mamaroneck Union Free School
bonds. Interest rate is not to ex¬
District No. 1 (P.O. Mamaro¬
ceed
6%), payable
J-J.
Dated
neck), N. Y.
July 1, 1944. Denomination $1,000.
Note Sale—The $200,000 notes
Due July 1, as follows: $4,000 in
offered for sale on June 13 were
1947 to 1956, and $10,000 in 1957

will

for Sea Girt.

however,
cost

down

Deal

$1,849.38

and

These two amounts,

the rest of the
to be met by bond issues,

are

well

as

as

later and, until, that

time, by tem¬
anticipation notes.
and public hear¬
ing on both resolutions will be
held at the June 21 meeting.
porary bond

Final reading

Runnemede, N. J.
Bond

Sale

Boland, Saffin &

—

Co., of New York, recently pur¬
$245,000
3%
refunding
bonds at a price of par.
Dated
Feb. 1, 1944.
Due August 1, as
follows: $7,000 in 1945 and 1946,
$8,000 in 1947 to 1950, $9,000 in
1951 to 1954, $10,000 in 1955 to
1957, $11,000 in 1958 to 1961, $12,000 in 1962 and 1963, and $13,000

chased

1968.

in 1964 to
Bonds

maturing in 1964 to 1968

11

a.m.

on

on

Secretary of the Local Govern¬
ment Commission, at his office in

June 20 for the

awarded to the Bank of Westches¬

Registerable as to prin¬
cipal only; general obligations;
unlimited tax; delivery at place of
Feb. 1, 1945, except that $100,000
purchaser's choice. Principal and
of said notes may be redeemed at
interest
payable in New York
par and accrued interest, on or
City.
Bidders are requested to
after Oct. 1, 1944. The next high¬
name the interest rate or rates, in
est bidder was: County Trust Co.,
multiples of y4 of 1%. Each bid
Mamaroneck, at 0.52% discount.
may name one rate for part of the
Other bidders were as follows:
bonds (having the earliest matur¬
County Trust Co., Mamaroneck, at
ities) and another rate for the bal¬
0.52%
discount,
and
Guaranty
ance, but no bid may name more
Trust Co., New York, at 0.54Yo
than two rates, and each bidder
discount.
must
specify
in
his
bid the
Metropolitan Life Insurance Com¬ amount of bonds of each rate. The
bonds will be awarded to the bid¬
pany (P. O. New York), N. Y.
1964.

to

Monday, June 19, 1944

FINANCIAL CHRONICLE

THE COMMERCIAL &

2574

$40,000 Series 1 bonds, as l3/4s,
paying a price of 100.05, a
1.742%.

about

of

basis

Due

December

1, as follows: $2,000
1948, $4,000 in 1949
and 1950, $6,000 in 1951, and
$10,000 in 1952 and 1953,
in 1945 to

390,000 Series 2 bonds, as l%s,
paying a price of 100.34, a
basis of about 1.655%?.
Due

ter, of Larchmont, at 0.48% dis¬
count.
Dated July 1, 1944.
Due

Bonds

at

par,

as

1968,

in

due

on

159, p. 2461—were awarded
Boland, Saffin & Co., of New
York, as 1.20s, paying a price of
100.112, a basis of about- 1.18%.
Dated July 1, 1944. Denomination
$500. Due $1,500 from July 1,1945

to.

1954.

to

Other

bidders

were

as

Int. Rate

Bidder—

Price

Park Nat'l Bk.,
Prospect Park

Prospect

price of 104.92.

The proposal in¬
new

refund¬

Passed

Ordinance

Bond

—

The

Council recently passed an
ordinance calling for an issue of
City

$3,500
4%?
street improvement
city's share bonds. Dated Sept. 1, 55%. Resolution urging the change
1944.
Denomination $350.
Due Was passed recently by the Cin¬
$350 Sept. 1, 1945 to 1954. Prin¬ cinnati City Council.
cipal and interest payable at the
Municipal Market Again at Peak
City Treasurer's office.
Level—J. A. White & Co., CinrBellevue, Ohio
cinnati, reported on June 14 as

on

June

15

1944, coupons
They will

placed in envelopes and will
the bonds. The list
consists of the following blocks:
$

opinion

furnished the
a

445,000 Albany, N. Y.
75,000 Albany Co., N. Y.
494,000 Allegheny Co., Pa.

of

Reed,

purchaser.

Hoyt

&

will be
Enclose

certified check for $2,400, pay¬

able to the State Treasurer.

1,039,000
229,000
225,000
380,000
1,774,000
280,000

Sale—The

Note

$220,000

notes
12—V.

offered

ders were as follows:

Holders of said bonds

are

notified

required to present them at

the

Marine

New York
if

not

Midland Trust Co.,
City, for payment, and

presented

interest shall

on

cease

date

on

Mamaroneck (P. O. Mamaroneck),
N. Y.
h

Note Offering—The Town Su¬




Marine

Trust

Co.,

:

C. F. Childs &

Tripp
Halsey,

John Nuveen &

Co., Wachovia
Bank & Trust Co., Winston-Salem,
Interstate Securities Corp., Char¬

munir-

as

the

before

invasion

of

France

began, and our index of the Ohio
market is again at the all time

2 bonds.

100.158

1.60
1.70

100.299
100.707

Co., and

& Co
Stuart & Co.__

NORTH CAROLINA

Raleigh, N. C.
Bond Offering—Sealed bids
be received until 11

a.m.

will
(EWT),

,

V;

.
.

Rural School District
Dated June 1, 1944.
Denomina¬
(P. O. South Akron, R. D.
tion $1,000.
Due June 1, 1954.
No. 10), Ohio
Subject to call at par and accrued
Bond Offering—Gladys T. Pake,
interest, and solely upon their
Clerk, Board of Education, will consecutive numerical order upon
receive sealed bids until 7:30 p.m.
on

000

bonds.

June

Dated

30

days'

notice published in a
of general circulation
in
the
following
De¬ amounts and dates, or upon any

July 5 for the purchase of $35,not to exceed 6% building

newspaper

Cleveland

in

1, 1944.
Due
$5,000 interest payment date thereafter:
Oct. 1, 1945 to 1951. Rate of in¬
$3,000 Jan. 1, 1946 to 1951, and
terest to be in multiples of 34 of
$4,000 Jan. 1, 1952 to 1954. Bidr
1%. No bid for less than par and ders
may bid for a different rate
accrued
interest.
Bids may be of interest in a
multiple of y4 of
made upon all or any number of
1%?.
Interest payable Jan. 1, 1945
nomination

$1,000.

Enclose

bonds of this issue.

check for

tified

a cer¬

$350, payable to

the Board of Education.

and semi-annually thereafter oh
January and July 1 of each year.

Said' bonds

are

issued for the pur¬

'

paying the outstanding
City accounts payable of the City, in¬
curred prior to the commencement
authorized the

Council

recently
of

issuance

im¬

the

authority of the General Laws

of

Mason, Ohio
Sale—The $5,267

Bond

bonds offered for sale on June 12

awarded

Bank

Mason

of

First

to

2s,

as

the

current

year

National

paying

a

un¬

State, particularly Section

2293-43 of the General

special

improvement

street

'

fiscal

of
der

street

$15,000

provement bonds.

assessment

of

pose

Lancaster, Ohio
Bonds
Authorized — The

Code, and

in accordance with Ordinance No.
226

said City passed May 15,
Principal and interest payr

of

1944.

able

the

at

Cleveland.

Cleveland Trust Co.,
The bonds will be sold

of 100.09,a basis of about to the highest bidder at not less
1.987%. Dated May 15, 1944. De¬ than par and accrued interest.
nomination
$188, one for $191. The approving opinion of Peck,
Due $191 May and $188 Nov. 15, Shaffer &
Williams, of Cincinnati,
1945, and $188 May and Nov. 15, will be furnished. Enclose a cer¬
1946 to 1958.
The next highest tified check for/1% of the bonds
price

bidder

Weil, Roth & Irving bid for, payable to the City.

was:

Co., for 214s, at a price of 100.11.
Portsmouth,
Ohio
Lower

(State of)
Issue
Vote

Bond

Re¬

Sale

Bond

lows

from

a

in

appeared

news

the

report which

Cincinnati

"Times-Star" of June 8:

Cincinnati's municipal lawmak¬

Ohio

The

$128,000 re¬
funding bonds offered for sale on
14
v.
159, p. 2357 — were

quirement
for
Municipalities June
Urged—We quote in part as fol¬

—

awarded to

umbus

—

the

Ohio

Co.

of Col¬

iy2s, paying a price of
101.152, a basis of about 1.35%.
Dated April 1, 1944. Denomination
as

$1,000. Due $5,000 April and Oct.
1, 1949, $6,000 April and Oct. 1,
1950, $8,000 April and Oct. 1,1951,
lotte, and McDaniel Lewis & Co.,
$12,000 April and Oct. 1, 1952,
for
$190,000,
2s,
and $110,000, quirement for bond
issues,; late $15,000 April and Oct. 1, 1953, and.
l%s, at a price of 100.043, a net Wednesday, when it petitioned
$18,000 April and Oct. 1, 1954. The.
interest cost of 1.86%.
Governor John W. Bricker to call
next highest bidders were: Hal¬
Estabrook & Co., Eldredge &
an
extraordinary session of the
Co., and F. W. Craigie & Co., for
$300,000; 2s^ at a price of 100.429,
a net interest cost of 1.978%).
m

aivo

if*

signaled the start of a move¬
the larger cities of Ohio
for a lowering of the vote re¬

ers

ment by

State Legislature
At

Sale—The

$430,000

re¬

funding bonds offered for sale on
June 12—V. 159, p. 2462—were
awarded to a syndicate composed
of Field,

Richards & Co., of Cleve-

laud, Stranahan, Harris & Co.,
Inc., of Toledo, First Cleveland
Corp., of Cleveland, and Ryan,
Sutherland & Co., of Toledo, as

behest

the

Wilson,

Councilman
City
Council

of

resolution seeking to
pave the way for reducing the
present majority requirement of
65 per cent. Wilson suggested 55
per cent.
Many proposed Cincin¬
nati issues in .recent years have
failed to attain the 65 per cent
requirement but in almost every
instance have had 55 per cent or
adopted

Bedford, Ohio

to pass enabling

legislation.
Russell

OHIO

Bond
IV2

$28,-

000, 3y4s, $72,000, 2s, and $200,000,
13/4S, at a price of 100.00, a net
interest cost of 1.812%?.

Buf¬

falo, and R. D. White
& Co

called,

that date.

Ohio

the

Coventry

were

Kidder, Peabody & Co., for

Salina, Mattydale Sewer District
Newburger, Loeb & Co., of New
York as iy2s, paying a price of
(P. O. Liverpool), N. Y.
Bond Sale—The $150,000 sewer
100.20, a basis of about 1.46%.
Dated June 15, 1944. Denomina¬ system bonds offered for sale on
tion $1,000.
Due $1,000 June 15, June 14—v. 159, p. 2462—were
1945 to 1954.
The next highest awarded to the National Bronx
bidder was: Geo. B. Gibbons & Bank, of New York, as 1.40s, pay¬
Co., Inc., for 1.70s, at a price of ing a price of 100.383, a basis of
about 1.367%. Dated June 1, 1944.
100.27.
Denomination $1,000. Due June 1,
Long Beach, N. Y,
as
follows:
$5,000 from 1945 to
Bond Call^-August N. Gandia,
1953, incl.; $7,000 from 1954 to
City Treasurer, calls for payment
1968, incl. Other bidders were as
on July 1, 1944, together with ac¬
follows:
crued interest $5,000 5%% water
Bidder—*
Int. Rate
Price
refunding bonds Nos, 252 to 256, Commerce Union Bank,
issue of 1938, in denomination of
Nashville, and Sher¬
wood & Co
1V2%
100.381
$1,000,
maturing Jan.
1,
1955.
and

in

cipal market are again as strong *

Washburn, of New York,

August,

awarded to

were

Bids

follows:

ing

and

—

sale

a

session of the legislature
legislation
looking to a reduction in the ma¬
jority vote required for approval
of local improvement bond issues
from the present figure of 65%? to
consider emergency

accompany

July

for sale on June
Halsey, Stuart & Co., and Ham¬
ilton & Co., for $100,000, 2s, and
ing bonds to Campbell, Phelps & 159, p. 2461—were awarded to the;
County Trust Co., of White Plains, : $200,000,
l%s,
at a, price of
Co., at par on a 3y2%? interest
at 0.69%?
discount.
Dated June 100.008, a net interest cost of
coupon.
16, 1944. Due June 16,1945. The 1.7884%.
next highest bidder was: National r Equitable
NEW YORK
Securities
Corp.,
Bronx
Bank, New York (plus Crouse, Bennett, Smith & Co., and
Cochecton, Lake Huntington Sewer
$2.50) at 0.74% discount.
Other: Vance, Young & Hardin, for $150,District (P. O. Lake Hunting¬
bidders were as follows:
000, 2s, and $150,000, l%s, at a
ton), N. Y.
Bidder—
Discount price of 100.00, a net interet cost
Bond Sale
The $10,000 sewer
of 1.7978%.
First Nat'l Bank, Boston__-1.05%;
improvement bonds offered for
Alex.
Brown
&
Sons,
and
Leavitt & Co.
1.08%?

volves the sale of the

June 9 that he will not call

special

to

-

Wilmington, N. C.
Baltimore, Md.
Bond Sale—The $300,000 water
Cincinnati, O.
works extension bonds offered for
1.20%
100.06
Covington, Ky.
sale on June 13—v. 159, p.^ 2357—
Nat'l Bronx Bk„ N. Y
IV*
100.09
Elizabeth, N. J.
-Campbell, Phelps & Co.- 1.40
100.08
were awarded to The Union Se¬
M. M. Freeman.,—
Kansas City, Mo.
V/2
100.26
curities Corp., of New York, Fox,
Kansas City, Mo., Sch. Reusch &
Co., of Cincinnati, and
Winslow Township, N. J.
Dist.
the First Securities Corp., of Dur¬
Proposal Under Consideration
300,000 Lexington, Ky.
ham, paying a price of 100.00, a
—The Local Government Board,
300,000 Mahoning Valley San¬
net interest cost of 1.7386%, as
constituting the Funding Commis¬
itary Dist., O.
follows: For $52,000 maturing Oct.
sion, at a meeting held recently,
212,000 Memphis, Tenn.
1, $4,000 in 1945 to 1948, $6,000 in
took under consideration a pro¬
1,016,000 Minneapolis, Minn.
1949 to 1954, as 4s, $48,000 matur¬
posal of Winslow Township, look¬
789,000 Providence, R. I.
ing $8,000 Oct. 1, 1955 to 1960, as
ing toward the issuance of $218,617,000 Richmond, Va.
21/2s, and $200,000 maturing $10,<000.
refunding
bonds
of
1944,
480,000 Rochester, N. Y.
000 Oct. 1, 1961 to 1980, as iv2s.
based on a written proposal sub¬
239,000 St. Louis, Mo.
Dated April 1, 1944. Denomination
mitted by
Campbell, Phelps &
630,000 St. Paul, Minn.
$1,000. The next highest bidder
Co., of New York, which proposal
200,000 Waterbury, Conn.
was:
R. S. Dickson & Co., and
provides for the issuance of call¬
515,000 Winston-Salem, N. C.
First of Michigan Corp., for $16,able bonds, all of the bonds to be
70,000 Wilmington, Del.
000, 3s, $68,000, 2s, and $216,000,
called in the inverse order of ma¬
Mount Pleasant (P. O. Tarrytown), l%s, at a price of 100.004, a net
turity at varying call prices from
N. Y.
interest cost of 1.767%0. Other bid-'
par to 101 Vz, with an average call
follows:

—Governor John W. Bricker said

be

application to retire $15,- are accepted the buyer will con¬
maturity at firm, after notification, the pur¬
chase
or
a price of 98.00, requiring an ap¬
purchases in writing
propriation by the City of $14,700. stating a dollar price and yield
for each maturity which in no
Westwood, N. J.
event will produce a yield greater
Bond Sale — The $15,000 sewer
than 2.25% on any maturity. All
City's

000 of bonds prior to

bonds offered for sale on June 13

when it is de¬

have already been cut.

Isle

Retirement

—v.

assure

high level reached in May.
The
yield on 20 Ohio bonds stands to¬
day
at
1.31%?,
compared
with
and accrued interest will be en¬ inclusive.
:
1.33% last week. The yields on
tertained. In the event that prior
Bond Ordinances Passed—Ordi¬ 10 high grade bonds and on 10
to the delivery of the bonds the nances were
passed recently by lower grade bonds stands today at
income received by private hold¬ the
City Council for the issuance 1.16% and 1.46%? compared with
ers from bonds of the same type
of $6,200 not to exceed 6%> special 1.18% and 1.48% in the previous
and character shall be taxable by assessment
street
improvement week.
the terms of any Federal income
bonds. Dated not later than Sept.
Parma, Ohio
tax
law, the successful bidder 1, 1944. Denomination $400, $300,
Bond
Offering—Geo. Weckermay, at his election, be relieved of one for $500 and $100. Due Sept.
his obligations under the contract
1, as follows: $700 in 1945 to 1952, ling, City Auditor, will receive
to purchase the bonds and in such
and $600 in 1953." Principal and sealed bids until noon on June 30
case the deposit accompanying his
interest payable at the City Treas¬ for the purchase of $30,000 in¬
bid will be returned. The approv¬
debtedness liquidating Series No.
urer's office. •

to date of delivery.
One dollar
City, N. J.
Approved— price bid for each named block,
The Local Government Board on all or none (21 bids) for 21 sepa¬
June 5 granted approval to the rate items. In the event any bids

Sea

to

advance

in

law

sired to undertake them.

•

Bellaire, Ohio

—

Bond

State

quick approval of bond issues for
such improvements

on

$1,000.

follows:
Aug. 1,
Bond Offering — Firm bids in der offering to purchase the bonds
Bond Sale
The $6,300 water
1946; bonds due in 1967, on Aug. 1, writing will be received by the at the lowest interest cost to the
system bonds offered for sale on
1947; bonds due in 1966, on Aug.
Company until 11 a.m. on June 20 City such cost to be determined by June 12 —v. 159, p. 2463 —were
1,1948; bonds due in 1965, on Aug. for the purchase of $10,309,000 deducting the total amount of the
awarded
to - the- First
National
1, 1949, and bonds due in 1964, on bonds
in
21
blocks.
Delivery premium bid from the aggregate Bank of Bellevue, at a price of
Aug. 1, 1950.
Legality approved against payment at the office of amount of interest upon all of the
102.397, according to A. H. Arnby Hawkins, Delafield & Longfel¬ the
company at confirmation pur¬ bonds until their respective ma¬
holt, City Auditor. Dated June 1,
low, of New York.
chase price, plus accrued interest turities. No bid of less than par 1944. Due on Oct.
1, 1945 to 1950
callable

are

and
desirable"
for
communities,
including
Cincin¬
nati, to"carry out large-scale pub¬
lic improvements, with local and
Federal governments sharing the
expense. He urged revision of the

Bricker Refuses Special Session

Denomina¬

1, 1944.

it

make

would

war

"necessary

$65,000 Oct. 1, 1945 to 1950.
Dated June

tion

the

after

follows:

a

more.

Wilson

said

that

adjustments

Stuart & Co., for 1%% bonds,
price of 101.04, and Pohl -&
Co., for 1 Yz% bonds at a price of

sey,

at

a

100.73.

S-

■

Other

bids

Stranahan,

Toledo,
Doll &

were

Harris

follows:
Co., Inc.,

as

&

iy2s, 100.363; VanLahr,
Isphording, Inc., Provident

Savings

Bank .&

Trust

.

Co.

and

Roth & Irving Co., all of
Cincinnati,
IV2S, 100.33; Paine,
Webber, Jackson & Curtis, and
C. F. Childs & Co., both of Chi¬
cago, iy2s, 100.013.
Weil,

(Continued

on page

2575)

1

Volume

THE COMMERCIAL & FINANCIAL CHRONICLE

Number 4291

159

2575

South Point Delta

School District Clerk Board of Education, will re¬
Prineville, Ore.
ceive sealed bids until 8 p. m. on
Bond Call—Harold Gray, City •
(Pi O. S6uth Point), Ohio
Bonds Offered—C. W. Ankrim, June 19 for the purchase of $700,- Treasurer, reports that pursuant
As previously reported In our issue of June 12, page 2463, States
District
Clerk, received sealed 000 building bonds.
Due $54,000 to ordinances Nos, 350 and 376 of
and their local subdivisions disposed of an aggregate of $159,854,766
bids until noon on June 17 for the in 1947 to 1958, and $52,000 in the City, and pursuant to the
bonds during the month of May. This Was the largest output for any
1959.
The bonds will be sold to terms of, the refunding bonds of
month since December, 1940, and of the total, $138,984,200 was for purchase of $50,000 construction
bonds,
Dated June 1, 1944, De¬ the bidder offering the lowest rate said City, dated Jan. 1, 1937, due
refunding purposes. Below we give a list of the individual sales for
nominations $1,000 and $500. Due of interest and agreeing to pay Jan. 1, 1967, the City has exer¬
the month and, in this connection, would observe that our tabula¬
par and accrued interest.
These cised its option to redeem on July
tions do not include issues or blocks of bonds reaching the market $1,000 June and Dec. 1, 1945 to
1966, and $1,500 June and Dec, 1, are the bonds authorized at the 1, 1944, at par value and accrued
as a result of liquidations carried out by public trust funds or pri¬
1967 and 1968,
Rate of interest election held recently.
Enclose a interest, all of said refunding
vate institutions.
' *
to Ipe in multiples of '% of' 1%. certied
check
for
2%
of
the bonds outstanding.
Said bonds
These bonds were authorized at amount bid.
should be presented for payment
Name
Rate
Amount
Price
Basis
; No
Maturity
the/election held on May 9. Said
with all unmatured coupons ap¬
•1909
1945-1954
100.12
1.07
Albany, N. Y. (2 Issues)!
—_1.10
$80,000
McAlester, Okla.
2245
bonds are payable from ad va¬
1945-1954
0.98
Albany County, N. Y. (2 issues) 1
100.05
389,000
Bond Sale—The City National pertaining thereto attached, to the
"1910
1945-1974
100.21
1.10
Allegheny County, Pa. (6 issues) l'/a
1,440,000
lorem taxes upon all the taxable
Bank & Trust Co., of Kansas City, City Treasurer's office, on or after
•2244
1945-1964
1.48
100.10
Amory, Miss.
—V/z
20,000
property in said School District,
July 1, 1944.
Interest on said
1910
1945-1963
3.45
100.41
Archbald, Pa. ..—.-J————3 V2
r270,000
recently purchased the $175,000
to be levied outside of the 10 mill
1945-1969
IOO
bonds will cease on date called.
2.75
Astoria, Oregon
,2357
2%
rl,800,000

Lisi of

Municipal Issues Sold In May

.

'

v

—

12245

N.

•Auburn,
Bell

County, Ky.^„

;2020

Bell

County, Ky

.2243

Bell

'2358

Bexar

"2023

Big

1948-1949

0.70
_,,_^___2%
J.—.3 W

Y.__

2020

1971

County,

2-2%

1946-1953

"Texas-——■l__l%-l,/2

1945-1959

2245
'2242

2019

'2019
,2355
2358

2248
.2248

2131
2133

100

103.93

2.43

r250,000

100.53

'2355

Consumers

100,01

0.89

'

rlOO.OOO

104.09

; 2247

Power

'2354

Decorah

16,000

100.07

0.96

1960-1969

r6,040,000

100.00

1.74

1945-1980

1,881,000

100.00

1.73

1945-1977

100.00

1.69

100.30

1.19

100.102

0.71

1947-1958

1,429,000
r11,000,000
5,000
50,500
.100,000
125,000

100.02

1.49

1946-1972

r41,533,000

100.001

2.17

1947-1948

3,600

100.16

1.45

1955-1957

15,000

101.17

1.15

1954

1945-1959

1945-1954
4945-1951

•

-2357

Independent School
_1 %
/,
1%

1945-1956

rl28,000

100.97

1.10

1910

Dickson City School District, Pa. 2V4

1945-1954

2.18

East

——1%

1945-1954

d70,000
35,766

100.11

1910

101.08

1.06

;2243

East St. Louis Park District, 111. 3%

1957-1959

1500,000

.2243

East St. Louis Park District. 111. 4

1961-1963

r367,000

,2245

Erie

1945-1951

■2358

El

N. D.

Ohio

Liverpool,

(2 issues)—0.80
(2 issues) _2

County, N. Y.

100.01

0.79

10L26

1.32

r769,000
'

Farming, Minn.
—l'/a
Port Meade, Fla.—————3
Frankfort, Ky. ———! — IV2

-2021
2354
2243

'2020

"

1946-1960

35,000

1946-1979

■

3.00

r31,000

100

100.31

1.46

1949-195T?

75,000

100.06

1.24

1945-1953

r68,000

1-275,000

1945-1959

•

"

1V4
Gonzales County, Texas—:——2%
Grand Rapids and Paris Town¬
District No. 45, 111-

,2358
2130

ships Fractional Graded School
District No.'2, Mich.—•—_1 %
Greensboro, N. C.1———1V4
Guadalupe County, Texas—,
1%
Harlan County, Ky.—
3%
Harlan County School
District
No. 18, Neb
——-2%

-

*1909
2358

2243
2021
'

.2133
.2354

Indian

Iowa

2243

City,

Jacksboro

•2134

County,

District,

Bridge
'

65,000

Fla

Iowa

rl30,0QO
68,000

1959

100.02

1.89

100.74

rll8,000

2242

Lakewbdd,

Colo.

1945-1963

2023

Leon

2357

—-l—

School

rd68,000
1*400,000

101.22

0.97

200,000

100.49

1.45

Dis¬
1945-1962

2355

Lewiston, Me.
N. J—

2021

Lower

Neck

Penns

School

\ 2244

Madison

1

1945-1954

• <"

District,
County,

'2244
2355

2248

Tenn.

Meriden,

2020

Methuen, Mass.

-1909

1909
2130

; 2021
'2244

.

19^4-1985

2243

; 2019
2246
-2129

^2354
2130
2243
2244

2021
2021
'2020

2020

2023
2129

2134

>

1945-1954

2131

2131

r

Ripley,

Tenn.

'

Dist.r Mich—3 %

River Rouge

N.

230,000

100.93

.1:14

40,000

100.98

1.14

30,000

100.98

1.14

r735,000

100.01

1.89

105,600

100.08

0.78

100608

L59

100.006

1.45

.

2133
2246

2131

2131

.

.

2020
2020

637,500

.

3,180,000

1949-1954

r 18,000

100.57

r42,000

1947-1954

100.64

1.15

50,000

100.30

2.44

1,98

30,000

101.35

1.03

^

1973

r325,000
T128.Q00

1944-1959

25,000

,

2021

100.10

1.48

•r425,000

Sparta, Wise.




2356
2135

r32,000

loY.77

r3,000

102.41

r2,000

106.93

1946

rl.000
r35,000

1953

r3,000

113.40

11%

1.77

>.

i

.

1947

1953

1948-1963

$5,000 in 1947 to 1964,
and $2,000 in 1965.
95,000 hospital bonds, at a net
interest cost of 1.245%. Due

$5,000 in 1947 to 1965.
interest

net

of

cost

0.98%.

Bond

2357—were awarded to M. M.
& Co. of Philadelphia,
as 1.15s, at a price of 100.219, a
basis of about 1.13%.
Dated July
1, 1944. Due on July 1 in 1946 to

p.

Freeman

1964.'

$5,000 in 1947 to 1951,
and $3,000 in 1952.
60,000 sewer bonds, at a net in¬
of

cost

1.15%.

It is stated by City Clerk C. E.
that the second best bid

Brown

of 101.11 on l1^?,
jointly
by
Moore,
Leonard & Lynch, and A. Webster
Dougherty & Co.
was

Due

Offering

Bond

—

Sealed

100,000

Offering—Martin

1966

1950- 1954

2359
2136

1910

Winston-Salem, N'.:C.^_—1%

107.00

0.88

2131

Ypsilanti Twp. S.

103.42

0.77

Total

Bond

bids

bond

ering

I960- 1969

1945

,

100.63

2.21

No.

100.03

1.90

2136

to

the

National

First

Bank

Braun, Bosworth & Co., Inc.
Ek H. Rollins & Sons,

of

First of

139

sales

D.'^. Mich

for

separate

May (112
issues)

•

Name

National City Bank,
New York,

2136

100

1.51

101.00

1.23

Amount

,

100,000
1945-1954

•

1945-1959

35,000
r68,000
35,000

1945-1954

1944-1956

/

rd2,300,000
248,000
rl5,000

1950-1978

1945-1959

rd350,000
•

r400,000

1969-1973

r255,000

—

12,000

municipalities

Basis

Kean, Taylor fc Co.—-—117.877
Bankers Trust Co.,
New York,
Chase National Bank,
New York,

C.69

100

1.75

100.82

0.88

104.8J

1,19

100
100.06

Co., St. Louis,

and

—

r37,500

I-*.-'
1951

1945-1947

24,000
r83,000

Price
101.05
100.25

0.13

Chemical Bank & Trust

100

3~50

100.40
101.08
100

Co.,

New York,

Harris Trust & Savings

1.50

Bank, Chicago,

1.69
1.70

*

Northern Trust Co., Chicago,
R. W. Pressprich & Co.,

cov

Equitable Securities Corp.,

159,854,766

and

A. Webster Dougherty
Co

&

—

Allegany, Pa.
Bond Offering — F. S.

Edmonton,

Alberta

Maturity
1944

Amount
*$55,000,000
1,050,000

3

1948-1949

3V4

1950-1954

1955-1959

117.46

2,750,000

Total Canadian municipal bonds -sold during May

♦Temporary financing; not included in above total.

$9,150,000

Cook,

receive
sealed bids until 8 p.m. on July 3*
for the purchase of $20,000 cou¬
pon
funding and flood control
Borough Secretary,

2,725,000

1960-1964

Basis
0.38

2,625,000

3%

^-3%

Price
-1—

1.00

100.06

70,000

Halsey, Stuart & Co.,

Maturity

l»/2

Rate

Canada (Dominion of)
Edmonton, Alberta
Edmonton, Alberta
Edmonton," Alberta

2136.

33,000

118.027

Stroud & Co.

Port

2136

1945' •1951

Michigan Corp.,

Newburger & Hano, and

Page

2136'

1946- 1963

June 15

County Treasurer's office. The were as follows:
Rate Bid
approving opinion of Teal, Win- Bidder
free, McCulloch, Shuler & Kelley, Smith, Barney & Co.,
of Portland, will be furnished the Harriman Ripley & Co., Inc.,
successful bidder.
Enclose a cer¬ Yarnall & Co.,
tied check for $500.
Blair & Co., Inc.,
Bond Sale
The $135,000 re¬ Union Securities Corp.,
New York,
funding Series A bonds offered
for sale on June 12 were awarded W. H. Newbold's Son & Co.,

CANADIAN MUNICIPAL FINANCING IN MAY

4.00

d800,000
20,000

on

June 23, by C. E. Bunn, District of Lehman Bros., of New York,
Clerk, for the purchase of $12,000 Moncure Biddle & Co., of Phila¬
school bonds.
Interest rate is not delphia, Blyth & Co., of ,New
to exceed 6%, payable J-J. Dated York, and the Mellon Securities
July 1, 1944. Due $2,000 from Corp., of Pittsburgh, as 3%s, pay¬
July 1, 1949 to 1954.
All bids ing a price of 118.838, a basis of
must be unconditional.
Principal about 2.32%, Due Jan. 1,1975, op¬
and
interest payable at the tional Jan. 1, 1962. Other bidders

k Not including $20,287,974 temporary loans or funds obtained by
States and municipalities from agencies of the Federal Government, r Refunding bonds,

100

dl50,000

Philadelphia, Pa.
$4,000,000 city

Sale—The

by the City Sinking Fund were
awarded to a syndicate composed

d Optional,

1.29

"

1955- 1959

Rate

£.97

100.08

•

offer

bonds offered for sale

Miller, sion.

0.90

3,000
r64,000

•1955. 1956

an

submitted

County School District

(P. O. Fairview), Ore.

16

semi¬

annual sewage disposal bonds of¬
fered for sale on June 12—V. 159,

Due

terest

Castle, Pa.
$60,000

Sale—The

—

0.818
"

115,000

1945- 1963

.

De¬

one

—

1:64

4,000

125.90

•

1947

r75,000

——Hi

2359
2136

140,000
dl50;000

2022

2134

Due

July 1, $200,-

refunding bonds.

& Trust

2135

1958- 1968

2136

2131

bonds.

$1,000,

Name

2248

———12.

one

follows:

as

Story County, Iowa
__1
Swampscott, Mass.
%
Sweetwater, Tenn.
_1%
Slyvester In<L School Dist., Tex.JJ-4
Tennessee (State of)«»*_>_«^-.l
Titus County, Texas—Vz
Tomah, Wise.
2
University of Michigan, Mich—
trtica, N. Y—
0.75
Vega, Texas
_.__2%
Weslaco, Texas
ZVz
West Virginia (State
;of)T-<
1%

2023

102.408

1945- 1949

Sidney, Neb.
Sidney, Neb,

a

1.245%.

Bonds—Har¬

Willis, County Controller,

Mercantile-Commerce Bank

,6,000

1946-1955

C.——1%:
———1V2,

000

Page

1944-1949

Neb.

—————_2 V2
Sidney, Neb. ———.
—
2%
Sioux Falls,
S. D
;
1
Southern Pines, N. C.i——_i3-1V2

2131

Bond

1945-1954

Sampson. County,.N.

Sidney,

share

2,

Russell', Ky.
1——i_l
4
Rutherford. County, N.<C—2%..

2020

City's

No.

2.66

<

,

1947-1962

_1.30

Y.

Due

of

Cost

O. Erie), Pa. +

Sell

offer for sale about

10,000

,

1945-1960

1

•

0.73,

1958-1962

—2 y2

111.

Rotterdam Sewer District No.

2022

,

2.65

Rock Island Forest Preserve Dis¬

trict,

,

1.03

103.00

1946-1955

River Rouge Sch.

2129

•

100.32

100.03

1945-1953

•

interest

(P.

reports that the County expects to

$2,000 April and Oct. 1, 1946,
Prineville.
Dated July
1, 1944.
and $1,000 April and $2,000
Denomination $1,000. Due July 1,
Oct. 1, 1947 to 1949.
as follows: $7,000 in 1945 to 1950,
$8,000. in 1951 to 1956, and $9,000
OKLAHOMA
in 1957 to 1961. The next highest
Enid School District, Okla.
bidder was State Road Cornmis-

1.03

r29,0.00

1945-1959

$1,000,

$925.

1946-1958

Sch. Dist., Mich.—3V4r
Dist., Mich
4%

2131

100.32

114,800

$216.

share

owners

Denom.

for
Due as follows: $1,925
April and $2,000 Oct. 1;, 1945,

0.80

1945-1964

River Rouge Sch. Dist'., Mich.__;_21/2

2131
<2131

;

1945-1964

Sch, Dist., Mich—3V4'.

River Rouge

property

nomination

0.71

146,000

'1945

Dist., Mich-.-SVi

16,925
1.70
<

1945-1948

J-——1^-^—<.2%'

.

River Rouge Sch.

1.15

1974

Va..

River Rouge Sch.

,2131

improvement bonds, men¬
in V. 159, p. 2463, as fol¬

1.60

100.55

rl,700,000

net

To

New

$92,000 water works bonds, at

will be received until 8 p. m. on

Hillyer, City

$3,216 April and $4,000 Oct,
1, 1945, and $4,000 April and
Oct. 1, 1946 to 1949.

0.75

2,500

1945-1954

Co., and
Baum, Bernheimer Co., both

vey M.

of Kansas City, as follows:

100.52

lows:

1.69
K

100.20'

100,000
47,000

the

No.

reports that the City
Treasury Investment Board will
purchase at par, the $56,141 5%

25,000

1———1V/2
Ringgold County, Iowa——1—0.50.
Purcellville,

2359

•

100.00

1944-1953

,

.

r5,738,000

1945-1951

(3 issues)

Ohio
City, Okla._——,
Minneapolis, ^Minn.i^-x.—_l——:1.10
Minneapolis,
Minn
——1;10
Morgan County, Ky. ■
—3.
New Rochelle, N. Y.
0.80
oak Bluffs,
Mass-i.————IV4
Oelwein, - Iowa' w——
—IVi, ■■ ■
Oelwein, ,Iowa •—
1V4 Okeechobee County, Fla.——.—1.90
Olean, N.-.'Y——-——-0.80
..Omaha Township, 111.^—-_4 .
•
Orange County., Fla-i,_-—i.60
Orleans Levee District, La.__various
Owen County, Ky.__
_28/4
Pennington County, Mlnn.i!_—1%;'
Pennsauken Township, N. J
2%
Pentwater, Mich.
_3
Pleasant Hill. Rural Independent
School District. Iowa—
Portland Water District, Me
11%
Potter County,, Texas_rl—
_2 ; .

'•

12243

-

l05<33

Midwest

2247

'

90,000

1945-1954

Middletown,

2133

;

1945-1961

: %

Conn.

' 1Q0.09
25,000;
100
40,000 1,100.67

368,000
'

awarded to Stern Bros. &

County

Expects

OREGON

Auditor,

bonds.

1945-1959

Norman, Okla.
Bond Sale—The $275,000 bonds
offered for sale on June 13 were

Multnomah

Warren, Ohio

$39,216

PENNSYLVANIA
Erie

$5,000 in 1947 to 1958.

1 %

r74,000
1960
1945-1964

various

—_—l

2128

Co.

Due in

1947 to 1956 inclusive.

100.557

&

for

is-^

1%

Co., Pohl & Co.,
Weil, Roth & Irving

and

75,000

J.——
Miss.
(4

N.

County, Fla.——1.70,
Marshallville, Ohio —%
Marshfield, Mass.
!!___114'
Maysville, Ky. ————u——2%;
Memphis Housing Authority,

2248

0.91

rdl.620,000.

Township

Marion

2354

100.46

100,000

1945-1970

3%'-

Lodi,

2021

Roose

tioned

500,000

'

<

water works bonds as 2s.

a

101.184

Assel, Kreimer & Co., Slier

street
r25,700

Ohio ——_—-_2

Lima,

Co.__^

a net

1.436%.

Savings Bank &
Trust Co., Cincinnati, Sea-

Bond Sale-—B. M.

"
100

5, Texas—.———4

&

interest cost of First National Bank of Portland,
report of which appeared in v.
The
$25,000 sewage disposal 159, p. 2463, Alfred Mundt, City
plant bonds offered for sale on Recorder, reports that the bonds
were sold at a price of 100.02, a
the same day were not sold.
basis of about 1.171%, as follows:
Moore, Okla.
$12,500 maturing $2,500 Aug. 1,
Bonds Sold—It is stated by Ben
1945 to 1949, as 2V4S, and $22,500
Huey, Town Attorney, that bonds maturing
$2,500 Aug. 1, 1950 to
aggregating $11,000 wei^e awarded 1958, as Is. The next highest bid¬
on May 18 to the First National
der was:
Foster & Marshall for
Bank of Moore, as follows: $5,000
$35,000, l%s, at a price of 100.31,
town
hall
as
IV2S, and $6,000 a basis of about 1.208%.

$175,000, at

28,000 fire department bonds, at

,

Seufferle

Salem, Ore.
on June 13—v. 159,
Bond Sale Details—In connec¬
2463—at a net interest cost of
1.434%. The next highest bidder, tion with the sale, of the $35,000
was:
Dempsey-Tegeler & Co., for sewerage refunding bonds to the

p.

Provident

0.84

1945-1964

Rural

102.60

62,500

Texas—2-2 >/4
Pa—
;_1 %
Lakewood Sanitation"
County,

County

1.74
2.15

100.02

r60,000 1

Lackawanna

trict No.

—

1945-1970

various

Texas '

Harris &
Co.,
Inc., Braun, Bosworth &
Co., Inc., and Ryan, Suth¬
erland & Co.„—
___iy2
Goldman, Sachs & Co., First
of
Michigan Corp.; Fox,
Reusch & Co., and William

works extension bonds of¬

fered for sale

songood
&
Mayer,
Van
Lahr, Doll & Isphording,

1945-1952

1.90
—1—1.
School

Kleberg County,

District,

3.10

____

Wabasso

2357

,

101.37

r61,000
1948-1964

were:

Bidder—
Int. Rate Price
Blyth & Co., Field, Richards
& Co., Hawley, Shepard &
Co., and First Cleveland
Corp., Cleveland
__1 % %
101.34

C.

rdl5,000

1945-1955

2358

1.13

1957

—

Independent

District,

100.59

25,000
150,000

1947-1961

—

River

1.18

1946-1964

Harlingen, Texas

2354

100.53

1945-1954?

2V2
Hillsborough County, Fla.—;
1%
Hollis, Okla.
—-—2Ms-2

'

rl8,000

T945rX949

—

,

2134

1952-1953

Other bidders

Stranahan,

Consolidated School

Glen view

$716,500 re¬
funding bonds offered for sale on
13—v.
159, p. 2247-—were
awarded to Halsey, Stuart & Co.,
Martin,
Burns &
Corbett and
Mullaney, Ross & Co., both of
Chicago, as IV2S, paying a price
of 101.668, a basis of about 1.309%.
Dated July 1, 1944. Denomination
$1,000, one for $500. Due Nov. 1,
as follows:
$16,500 to 1950, $50,000
in
1951, $100,000 in 1952,
$150,000 in 1953, and $200,000 in
1954 and 1955. The next highest
bidder was: Ohio Co., Columbus,
Otis & Co., Fahey, Clark & Co.,
McDonald
& Co.,
and Merrill,
Turben & Co., for IV2S, at a price
of 101.625.

6,400,000

1945-1954

Paso County, Tex.

Sale—The

June

Dis¬

District, Iowa —
Devils Lake School District,

of

Toledo, Ohio
Bond

3.26

1945-1948

trict, Neb
-—-various
Cromwell Joint Independent
School District No. 11, Okla.-lVz

Public

opinion

0.84

95,000

1945-1963

-j——'various

—

approving

Pratt &, Corwe, of Ironton, will be
furnished to the successful bidder

1.96

r26,000

1948-1951

Chicago, 111.:
——-—1 Vi
Cincinnati, Ohio1^-—-—2 V2
Cincinnati, Ohio ———_;_2.V4;
Clayton School District, Mo.— %
Clinton, Okla.
—\Vz

2133

0.88

The

est.

Housing Authority,

Tenn.

2243

100.04

1945t-1950

^.—.various

Chattanooga

12133

r4,000,000
rd56,000,000

1947-1956

,

.

Tenn.

■

1.38

less

for not

without cost.

Ky.:—3
Pa.———^1
Champaign County, Ill._
-0.90
Charlotte County,
Pla.-c.__-__3-3I/2
Charlevoix, Mich
1
Chattanooga, Tenn
—various
Chattanooga Housing' Authority,

,2247

1.61

100.05

1945-1962

——various

Calloway County,
Cambria County,

100.04

r25,000

•1949

highest

than the par
value thereof and accrued inter¬

bidder

1947-1950

County,

Calif.
-2243

2.85

constitutional tax limitation. The
bonds will be sold to the

t46,000

Ky.—v——--—2%
Bradford County, Pla.-—
1.40
Buffalo, N. Y._
__—0:90
'California Toll Bridge Authority,

2354

2.01

103.46

water

0.64

102.44

110,000
400,000

1944-1961

County, Texas___

Spring,

Boone

,2020

100.23

r75,000
r87,000
r27,000
rll4,000

1965

1

will

bonds. Dated July 15, 1944. De¬
Due serially

nomination $1,000.

THE COMMERCIAL

2576

interest date on and after 10 years
beginning Jan. 15, 1946. Optional olis, the only bidder/ Dated June'
from date.
These bonds are part
after Jan.
15, 1950. Bidders to 1, 1944. Due on January 1 as fol¬
name the rate of interest.
Prin¬ lows: $1,000 in 1946; $2,000 in of a total issue of $666,000. The
1947
and
1948; $3,000, 1949 to County is purchasing with other
cipal and interest payable at the
sinking funds the last maturing
First National Bank, Port Alleg¬ 1952, and $4,000 in 1953 to 1955.

ADVERTISEMENT

ADVERTISEMENT

Monday, June 19, 1944

& FINANCIAL CHRONICLE

CITY OF MONTREAL

any.

Legal opinion to be

close a

TO:

Lemmon, S. Dak.
due in 1958, and $15,000 in 1959.
Offering—E. W. Cornish, The
coupon rates to be named by

Bond

City Auditor, will receive sealed the

bids until 2 p.m. on June 27 for
Cubinsky, the purchase of $25,000 2% gen¬
Borough Secretary, will receive eral obligation airport site bonds.
sealed bids until 7 p.m. on June Denomination $1,000. Due $1,000
28 for the purchase of $46,400 cou¬ annually, the first bond maturing
Jan. 1, 1948. All of the bonds will
pon borough bonds. Dated July 1,
1944.
Denominations $500, $300 be callable on any interest pay¬
and $100. Due July 1, as follows: ment date, Jan. 1 and July 1.
$2,400 in 1946 to 1956, and $2,500
TENNESSEE
in 1957 to 1964. Subject to call at

Shenandoah, Pa.

securities (bonds, debentures
and inscribed or registered stock) issued by the City of
Montreal or by the municipal corporations annexed thereto
of the issues listed below which matured on and between
the 15th May 1940

and the 15th May 1944;
—

and

—

The holders of outstanding treasury
of Montreal and dated prior

bills issued by the City

to the 1st May 1944 or any re¬

newals thereof.

.

.

par

and accrued interest at any
period. Rate of interest

interest

NOTICE

OF INTENTION TO REPAY

that the City of Montreal, pur¬

HEREBY GIVEN

provisions of Article 2, paragraph 9, of By-law

suant to the

all of the outstanding bonds, debentures
or registered stock of the issues listed in

No. 1735

the City of
1944:

(By-law providing for the financial reorganization of
Montreal), intends to and will repay on thfe 30th June
a)

and inscribed
the table fol¬

lowing:

Type of
Security

Municipal Cor¬

poration Issuer

Principal and interest pay¬

Interest

V

Maturity

Shenandoah.

principal. The bonds will be sold
to the highest responsible bidder
subject to the approval of the au¬
thorizing proceedings by the De¬

Affairs. No

and accrued
than all of the
accepted. In the

1940

6

%

3

%

1

June

1940

41/2%

15

June

1940

May

Montreal

Bonds

Maisonneuve

Debentures

Delorimier

Debentures

4

%

1

October

1940

St. Louis

Debentures

4

%

1

November

1940

St. Paul

Debentures

41/4%

1

November

1940

Cartierville

Debentures

5

%

1

November

1940

Montreal

Bonds

3

%

15

December

1940

••

Montreal

Bonds

March

1941

Debentures

21/2%
41/2%

1

Maisonneuve

1

April

1941

St. Louis

Debentures

4

%

1

Stock

4

%

1

May
May

1941

Montreal

Villeray

Debentures

5

%

1

June

1941

1941

Montreal

Bonds

6

%

15

December

1941

Maisonneuve

Debentures

41/2%

1

March

1942

Montreal

Debentures

4

%

1

May

1942

Montreal

Stock

4

%

1

May

1942

Cartierville

Debentures

5

%

1

May

1942

Montreal

Stock

1

May

1942

Montreal

Stock

3V2%
3V2%

1

May

1942

%

1

November

1942

•;

Montreal

Bonds

5

Delorimier

Debentures

41/4%

1

December

1942

Bonds

3

%

15

December

1942

1

Montreal

Bonds

Delorimier

Debentures

3V2%
'4%%

Maisonneuve

Debentures

41/2%

Montreal

Bonds

5

Bonds

%

1

1943

March

April
1 August
1 September

from

ad

valorem

upon

all

the

Montreal

Debentures

41/4%
4
%

Montreal

Stock

4

%

Montreal

Debentures

4

%

Montreal

Bonds

6

%

their

face value,

15

May
1 May
1 May

15

1944

1944

1944

May

ISLAND

Westerly, R. I.
Offering—Lewis

together with all interest accrued

unpaid thereon at the rate stipulated payable
therein respectively to the aforesaid date of repayment;
and

all of the outstanding treasury bills issued by the City of
the 1st May 1944 or any re¬
thereof, at their face value, together with all
interest accrued and unpaid thereon at the rate stipu¬

Montreal and dated prior to

1%, one rate to apply to the by satisfactory written evidence
Principal and inter¬ from an acceptable banking insti-

of

entire issue.
est

in" an amount
Refunding bonds
being bid on will be made avail¬
able at the Paying Agents as des¬
ignated in the outstanding bonds
tion

to

June 1944 at 5 P.M.

By L. ROBERGE
Director of Finance

Special arrangements have also been made whereby United
States holders of securities payable in Canada may present
their securities for repayment to the Agency of the Bank of
Montreal, 64 Wall Street, New York, N. Y.
All

securities

presented for repayment must be

bonds, of preparing
and proceedings in¬
cident to the issuance of the bonds
and any shipping and exchange
expense shall be paid by the pur¬
chaser. The approving opinion of
Vinson, Elkins, Weems & Francis,
of Houston, will be furnished the
calling




the

Independent School Dist.,

airport

bonds

Bond Call—L. H.

retary

Board

Business

of

Manager,

'

Marcell, Sec¬

Trustees

and

reports

that

$128,500 refunding, Series B, 1939
of the Aviation Committee of the
bonds are called for payment on
Chamber of Commerce.

^

July 15, 1944, at principal and ac¬
Stanton,
crued interest. Sufficient funds to
Freeport Independent School
Town Treasurer, will receive bids
pay said bonds and accrued inter¬
District, Texas
until 11 a.m. on June 22 for the
est will be deposited in the office
Bonds Not Sold—It has been of¬
purchase at discount of $100,000
of the State Treasurer, Austin, on
current year tax anticipation ficially reported that the $75,000
or before July 15,
1944. Interest
notes.
Dated June 23, 1944 and building bonds offered for sale on
ceases on date called.
due Nov. 3, 1944.
June 14 were not sold.
Note

WASHINGTON

Hidalgo County (P. O. Edinburg),

SOUTH CAROLINA

Greenville, S. C.
Bond Sale — The $130,000 re¬

funding

Aberdeen, Wash.
Bond Election—An election has

Proposal
Heard —
Commissioners re¬ been called for July 11 to submit
cently received a proposal from to the voters an issue of $75,000
R. A. Underwood, of Dallas, to park improvement and acquisition
refund $650,000 of the county's bonds.
permanent improvement bonds.
Claiming his plan for refinanc¬
ing the Hidalgo bonds would save
I
the county $239,943 over the life
ALBERTA
Refunding

The

County

CANADA

of the

bonds, Mr. Underwood of¬

fered

a

them

at

proposal
2%

and

for refunding
2V2% interest.

Bonds

Sold—It

is

stated

than under the refunding provement bonds aggregating $1,just completed. He estimated the 635,000. Due in 1945 to 1961.
county could pay its last perma¬
QUEBEC

nent

improvement bonds by 1980
proposal.

were purchased on June 8 by the
Allison-Williams Co., of Minneap¬

Jonquiere, Que.

under the

Commissioners,
terest

in

Mr.

expressing

Underwood's

posal, said they would

in¬
pro¬

^tudy it at

their next meeting.

by $43,000 in 1947, $44,000 in 1948
and 1949, $45,000 in 1950, $46,000

Hicks, Clerk of the Board
of Education, that $29,000 2^2%
semi-annual
refunding
bonds
L.

Calgary, Alta.
syndicate com¬

Sold—A

sooner

Jefferson County (P. O. Beau¬
1,1955. Said bonds shall
mont, Texas
presented, to the National City
Bond
Offering — W. W. Pat
Bank, New York City, for pay¬
ment.
The bonds presented for Kent, County Judge, will receive
payment shall have June 1, 1945, sealed bids until 10 a. m'~on June
and subsequent coupons attached. 26 for the purchase of $616,000
court house, office and jail re¬
SOUTH DAKOTA
funding bonds.
Dated Aug. 1, 1944.
Due $41,Java Indep. Sch. Dist. (P. O.
000
in
1945,
$42,000 in
1946,
Java), S. Dak.
C.

Bonds

The present rate of interest un¬ posed of the Dominion Securities
der an earlier previous refunding Corp., A. E. Ames & Co., both of
Toronto, the Royal Securities
is 3V2%.
v.'..-,
of Montreal, and James
His plan, Mr. Underwood said, Corp.
would not only reduce the interest Richardson & Sons of Winnipeg,
is said to have purchased recently
on the bonds but would also per¬
and 3y>% semi-annual im¬
mit the county to retire the bonds 3%

be

accom¬

panied by a Canadian declaration of ownership Form G,
completed by a bank or other authorized signatory, copies
of which form may be obtained from the said Agency.

surren¬

the transcript

advocated at a recent meeting

Due June

DATED at Montreal this tenth day of June 1944
CITY
OF
MONTREAL

and

paid for.
The County will pay the cost of

Texas

Bond Election — An
vote an issue of .$1,-

municipal

date

been

have

bonds

Mission

election

call

dered and

El Paso, Texas

Proposed

the

before

continue available until 90%

the

of

the

to

or

on

will

funds

that

equal

purchaser.

TEXAS

was

bonds offered for sale
were purchased recently by R. S.
lated payable therein respectively to the aforesaid date
Dickson & Co., of Charlotte, Mcof repayment.
Alister, Smith & Pate, of Green¬
ville, and Courts & Co., of At¬
Holders of the bonds, debentures and treasury bills aforesaid
lanta, as Is, paying a price of
are required
to surrender them for repayment at the repayment
100.27, a basis of about 0.93%.
price above mentioned on the 30th June 1944 at the place of payment Dated
July 1, 1944. Due July 1,
or at any one of the places of payment specified respectively in the
as
follows: $30,000 in 1946, and
bonds, debentures and treasury bills to be so surrendered.
$25,000 in 1947 to 1950. Principal
Holders of the inscribed or registered stock aforesaid are re¬ and interest payable at the Chem¬
quired to surrender them for repayment at the repayment price ical Bank & Trust Co., New York.
above mentioned on the 30th June 1944 at the place of registry of Legality approved by Reed, Hoyt
&
Washburn,
of
New
York.
the said inscribed or registered stock.
Among the other bidders were
All unpaid interest coupons should be detached before the sur¬
Chemical Bank & Trust Co., New
render of the above mentioned securities and should be presented for
York, and Alester G. Furman Co.,
payment through the-usual channels.
Treasury bills; fully reg¬ for
Is, at a price of 100.13, and
istered bonds and debentures;'or coupon bonds and debentures which
Trust Co. of Georgia, Atlanta, for
are registered as to principal must be accompanied by duly executed
Is, at a price of 100.07.
assignments or transfer powers.
Liberty, S. C.
NOTICE IS HEREBY FURTHER GIVEN that interest on the
Bond Call—W/ S. Richbourgh,
said bonds, debentures, inscribed or registered stock, and treasury
Town Clerk and Treasurer, re¬
bills shall cease to accrue on and after the 30th June 1944.
ports that $50,000
5 y2 % sewer
NOTICE IS HEREBY FURTHER GIVEN that for the purpose of bonds are called for payment on
effecting the repayment aforesaid the books of registration and trans¬ June 1, 1945, on which date in¬
fer of the issues listed above will be closed permanently on the 19th terest ceases. Dated June 1, 1925.
newals

be

$2,000 in 1945 and accrued interest for the new
The County
will make
1951, $4,000 in 1952 to 1960, bonds.
$5,000 in 1961, $6,000 in 1962, $10,- available funds to take up bonds
000 in 1963 to 1965, $20,000 in being purchased and the accrued
1966, and $19,000 in 1967. Rate of interest to date of call.
interest to be in multiples of %
Each bid shall be accompanied

Texas

b)

bidder shall

to

000,000

1943
1944

1

Borough.

RHODE

successful

The

required to make funds available
at the Paying Agents, as desig¬
nated in the outstanding bonds,

levied

limitation pre¬
scribed by law. Enclose a certified
check for 2% of amount bid, pay¬

1943

the

July 1, as follows:

therein within the

able to the

of

July 5 for the purchase of in amounts equal to the par value
$130,000 not to exceed 2V2% wa¬ of the bonds being bid on, and
ter works bonds.
Dated July 1, the furnishing of such funds shall
1944.
Denomination $1,000. Due be considered as payment at par

property

1943

1943

October

taxes

taxable

office

the

at

or

County Treasurer.

payable at the City Treasurer's
private holders from bonds of the office, or at the Chemical Bank
same type and character shall be
& Trust Co., New York. Payable
taxable by the terms of any Fed¬ from unlimited ad valorem taxes
eral income tax law, the success¬ levied on all taxable property in
ful bidder may, at his election, be the
Town and additionally
se¬
relieved of his obligation under cured by
pledge of the revenues
the contract to purchase the bonds of the water works system, after
and in such case the deposit ac¬
operation and maintenance ex¬
companying his bid will be re¬ penses. The bonds are to be is¬
turned. The opinion of Martin V. sued
subject to
the favorable
McGuire, of Shenandoah, will be opinion of Chapman & Cutler, of
furnished the successful bidder;
Chicago, which will be furnished
ahy additional legal opinion must at the expense of the Town and
be paid for by the successful bid¬ all bids shall be so conditioned.
der. The said opinion to state that Enclose a certified check for $3,the bonds are valid general obli¬
000, payable to the Town Treas¬
gations of the Borough payable urer.

,

Montreal

be

prior to the delivery of
the bonds the income received by
event that

15

Bonds

Montreal

will

bonds

Date

Rate

mont,

on

National Bank,
Registerable as to

able at the Union

interest or for less

Montreal

kt

the same

be

bonds.

bid for less than par
.

.

redemption Aug. 1, 1944.
Princi¬
pal and interest payable at the
American National Bank, Beau¬

and City Clerk, will receive sealed bids
for all of the and oral bids until 11 a.m. (CWT)

partment of Internal

Name of

will be imade.
These bonds
being issued in lieu of a like
amount of presently outstanding
bonds which are being called for
are

to be in multiples of l/\ of 1%
must

IS

NOTICE

than

bid of not less

par

Lewisburg, Tenn.
Offering—C. C. Wallace,

Bond

a

lowest figure

the

at

bidder

which

for

Bond Offering—-Leona

The holders of outstanding

being $35,000'

$50,000 of this issue,

furnished

of the bidder. En¬
certified check for $400.

at the expense

1951, $47,000 in 1952, $48,000
$49,000 in 1954, $50,000 in
1955 and 1956, $51,000 in 1957, and

in

in 1953,
aifi.nnn

in. 1958.

Ontional omany

headed
Ltd., of

Bond Sale—A syndicate

by

the

J.

E.

LaFlame,

Montreal, purchased recently $1,060,000 3, 3V4, and 3V2% improve¬
ment bonds at a price of 98:50.
Due in one to 20 years.

Montreal Roman Catholic School

Commission, Que.
Bond Sale—The L. G. Beaubien
&

Co., and the Rene T. Leclerc,

Inc., both of Montreal, purchased
recently $1,400,000 school bonds
at 3% and 3%%. Due in 1945 to
^

1964.
St. Columb de

Sillery, Que.
Bond Sale—Oscar Dube & Co.,
of

Montreal,

purchased

recently

$64,000 3% improvement bonds at
a

price of 98.85.

1964.-

v

Due in 1945 to