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JUN 211943
•&**
MONDAY
!aland
4-1
ommatcicLL an
Reg.
Volume
New York,
Number 4187
157
U.
S.
Office
Pat.
Price 60 Cents
N. Y., Monday, June 21, 1943
a
Copy
CITY DEPARTMENT
STATE AND
BOND PROPOSALS AND NEGOTIATIONS
•
The
Governor said that
should be
a
In This Issue
so
fortunate
an
we
additional cush¬
ion for the post-war
State and
"if
to avoid
disaster, the money that is set
aside will be
Corporation News
as
period."
None of the money may
be
ex¬
pended unless there is an enemy
attack and all expenditures must
be authorized by the Governor
City News
upon
resolution
adopted
by the
War Council.
QUOTATIONS
Bu utilizing some
of the State's
New York
Stock
Exchange
surplus cash to retire old bond is¬
York
Curb
Exchange
situation of the State government
New
sues,
Out-of-Town Listed Markets
Miscellaneous
(See Index Below)
contingent reserve
expected to reach $43,600,000.
The
(State of)
Accepted — In
connection with the call for ten¬
Arkansas
ders
is
Tenders
Bond
June
on
State of
general
of
11,
postwar
The state
budget for the 1943-45
partment F. A. Storeyur advises
us that the State Refunding Board
would
$989,000,
United
llA%•" par
States
maturing March 15, 1944,
for $997,734.54.
All tenders of
•State of Arkansas Zlk%, A. & O.,
highway refunding, serial series
bonds, dated April 1, 1941, matur¬
ing April 1, 1944, were rejected.
CALIFORNIA
California
Cuts
Tax
—
$67,390,000 in the bienbeginning July 1, the Cal-
duced by
nium
*
Association
recently, following pas¬
tax reduction program
Taxpayers
ifornia
estimated
of a
by the state.
sage
This
ers
largest
is
an
expected to save taxpay¬
estimated $28,500,000.
A
$26,900,000 reduction in payments
is expected to result from cuts
made in the higher income tax
/ rates,
which now top
from an increase in the
deductions
A 15%
6%,
and
individual
a
reduction
of
$11,920,000
payments.
in
...
provides for
additional amounts
of revenue for postwar rehabili¬
tation and employment require¬
ments.
For these purposes 20%
of the sales tax revenues would
be set aside and result in the ac¬
cumulation of $34,500,000. An ad¬
ditional $9,100,000 would be ac¬
quired by setting aside 10% of
bank
and
corporate
franchise
The new
program
"the freezing of
;
*
taxes,
"for
cut
$8,651,000; the
revenues
bank
050,000
amendment to
reduction;
tax
the bank and
$1,an
cor¬
$120,000, and the bill exempt¬
ing from sales tax ice used in
transportation of food products,
estimated to produce $750,000 bi¬
ennially.
The bills
were
not
part of the
a
together with income tax
Corp., of Cleveland, Milwaukee
Co., of Milwaukee, Yarnall & Co.,
of Philadelphia, Schoellkopf, Hutton & Pomeroy, of Buffalo, Haw-
ley, Shepard & Co., of Cleveland,
Laurence M. Marks & Co., of New
York, H. M. Byllesby & Co., Blair,
Governor's $67,500,000 tax reduc¬ Bonner &
Co., both of Chicago,
tion program enacted at the re¬ R. L.
Day & Co., of Boston, E. F.
Warren
on
all
said
he
remaining
intends
special
to
act
appro¬
priation bills "in a manner which
will prevent the State from run¬
ning in the red."
He said there
ities
in
volved"
added:
each
in
"We
"may be inequal¬
of
the
can
the
bills
do
taxes
in-,
vetoed,
but
no
more
than
the finances of the State permit."
citi¬
1962, $755,000 in 1963, $780,000 in
on
or
not*
prior to June 1, 1950, shall
subject to
redemption.
and after June
be
Bonds maturing on
1,
1851,
whole
or
give notice that interest
(e)
be redeemed, in
part, at the option of
on June 1, 1946,
interest payment date
and
on
totalling $2,775,000 and carrying a
of 31/2%, are being of¬
prices to yield from 50%
1.20%.
Maturities of 1951 to
coupon
fered
at
may
to
in
1956, totalling $3,300,000 and car¬
rying a coupon of 1V2 % are being
offered at prices to yield from
1.20%
to
1.50%.
Maturities of
the Department,
any
thereafter
prior to maturity, at a
redemption price with respect to
each such redeemable bond equal
to 100V4% of the
principal amount
1957
197.5, totalling $15,660,000
to
and carry a coupon
offered
ing
at
thereof, plus
of 1% of such
principal
amount
for
each
12
once
a
calendar
successive
weeks
week
for
four
New York
(the first pub¬
York
New
lication to be not less than 30 days
Chicago, Newhard, Cook & Co., of
prior to the date fixed for re¬
zens in
event of any enemy at¬ St
Louis, Ryan, Sutherland & Co.,
demption)
in
one
newspaper
tack was approved by Governor of
Toledo, H. V. Sattley & Co., of
printed !.• and published
and of
Warren recently.
Detroit, Kebbon, McCormick &
general circulation in the City of
In signing the "war
catastrophe Co., of Chicago, Miller, Kenower Los
Angeles, and in one news¬
fund" act, introduced in the Leg¬ & Co., of Detroit, Foster & Mar¬
paper printed and published and
islature by Speaker Lyon and As¬ shall, of Seattle, Almstedt Bros.,
of general circulation in
the City
semblymen Wollenberg and Ma- of Louisville, Farwell, Chapman
of New York.
Such notice of re¬
loney, San Francisco, the Gover¬ & Co., Barcus, Kindred, & Co.,
nor said "this is a bill we
of Chicago, Newburger
& demption shall (a) specify the
pray we both
will never have to use, but in the Hano,
of .Philadelphia,
Crouse, serial number and the maturity
nature of things no man can tell Bennett, Smith & Co., of Detroit, date or dates of the bonds selected
Schmidt, Poole & Co., of Phila¬
whether we will be obliged to or
for redemption, except that where
delphia, and Ames, Emerich & i
rot."
all the bonds subject to redemp¬
Co:, of Chicago. ...» - * .
and
1964,
1966,
1968,
1970,
1972,
of 2%, are be¬
prices to yield
from 1.60% for maturity of 1957
Hutton & Co., of New York, G. H.
to a dollar price of 99 V2 for ma¬
Walker & Co., of St. Louis, Carl months' period, or fraction there¬
turity of 1975.
Maturity of 1§76,
M. Loeb Rhoades & Co., Gregory
of, from the date of redemption to totalling $1,040,000 and carrying a
& Son, both of New York, Ohio the
maturity date of such bond, coupon of l]/2%, is being offered
Co., of Columbus, Allison-Wil¬ but not exceeding 105% of such at a dollar
price of 90.
liams Co., of Minneapolis, Arrowprincipal amount.
Bonds maturity on or prior to
smith & Co., of New York, Biddle,
The Department may, in such June
1,1950, are not subject to re¬
Whelen & Co.,, of Philadelphia,
manner as it may elect, select for
demption. Bonds maturing on and
Bosworth, Chanute, Loughridge &
redemption bonds maturing on or |
Co., of Denver, Fahey, Clark & after June
1, 1951. Notice of the ,
Co., of Denver, Gruntal & Co., Ira
intended redemption shall be pub¬
INDEX
Haupt & Co., both of New York,
lished by the Department at least
Quotations:
Page
Robert Hawkins &
$25,000,000 Enemy Damage Bill
Co., of Boston,
Signed—Establishment of a $25,- J. J. B. Hilliard & Son, of Louis¬
000,000 war catastrophe reserve ville, Mullaney, Ross & Co., of
fund for relief of California
a
—
Co., of Toledo, C. F. Childs & Co.,
poration franchise tax and corpo¬ of
Chicago, R. S. Dickson & Co.,
ration income tax in the matter
of
Charlotte,
First
Cleveland
credit.
credit accorded in figur-
\ ing
the bank and corporation
franchise tax is expected to result
in
fol¬
Repeal of the 3% tax on
hire"
trucks, estimated to
cent session.
reduction will be
the result of a decrease from 3 to
2.5% in the state sales tax rate.
The
The measures included the
lowing:
of
Tax
in the State will be re¬
burdens
rev¬
$10,571,000
of dividend income to effect a cut
(State v of)
Foreseen
State
reduced
have
approximately
during the next two years, v .V?:v-
Treasury
notes,
June 4 a
enues
Ve¬
vetoed
series of bills which
Warren
toed—Governor
on
Bills
Reduction
Revenue
obligations of the United States,
Supervisor State Refunding De¬
value
$431,530,000.
biennium amounts to
Arkansas bonds and direct
'purchased
reservations.
miscellaneous
and
successful
$805,000 in 1965, $825,000 in 011 the bonds so selected for re¬
$845,000 in 1967, $870,000 in demption will cease to accrue on
If any of
890,000 in 1969, $910,000 in the redemption date.
$935,000 in 1971, $960,000 in the bonds selected for redemption
Hewes, President of the Board of
$985,000 in 1973, $1,010,000 shall be registered, the Depart¬
Directors; reports that the voters
approved on June 15 the issuance in 1974, $1,030,000 in 1975, as 2s, ment shall, on or before the date
of $13,815,000 not to exceed 3V2% and $1,040,000 maturing June 1, of first publication of the said no¬
tice of redemption, mail a similar
interest
second
refunding issue 1976, as lV2s.
bonds.
The bonds are being of¬
Due
on
June
1
as
follows: notice, postage prepaid, to the re¬
fered for sale on June 21.—V. 157,
spective registered owners there$325,000 in 1944, $345,000 in 1945,
oLat their addresses appearing on
p. 1897.
:
; v. ,
...
$370,000 in 1946, $395,OOd in 1947,
the registration books; provided,
$420,000 in 1948, $445,000 in 1949,
Los Angeles, Calif.
that such mailing shall not be a
$475,000 in 1950, $500,000 in 1951,
condition precedent to sucl\ re¬
Bond
Sale
The
$22,775,000 $520,000 in 1952, $540,000 in 1953,
semi-ann. Water and Power Elec¬
demption, and that failure to mail
$560,000 in 1954, $580,000 in 1955,
or to receive any such notice shall
tric
Plant
refunding
revenue
$600,000 in 1956, $625,000 in 1957,
not affect the validity of the pro¬
bonds, Issue of. 1943, offered for $645,000 in 1958, $665,000 in 1959,
sale on June 15—V. 157, p. 21.97—
$685,000 in 1960, $710,000 in 1961, ceedings for the redemption of
were
awarded
to% a
syndicate $730,000 in 1962, $755,000 in 1963, such bonds, or the cessation of in¬
terest on the date fixed for re¬
headed by the Mellon Securities
$780,000 in 1964, $805,000 in 1965,
'-V
Corp., Drexel & Co., both of Phil¬ $825,000 in 1966, $845,000 in 1967, demption.
adelphia, Harris, Hall & Co., of $870,000 in 1968, $890,000 in 1969,
Bonds Publicly Offered — The
Chicago, and consisting of John $910,000 in 1970, $935,000 in 1971, Mellon Securities Corp., Drexel &
Nuveen & Co., of Chicago, Lee,
$960,000 in 1972, $985,000 in 1973, Co. and Harris, Hall & Co., Inc.,
Higginson Corp., A. G. Becker & $1,010,000 in 1974, $1,030,000 in and
Associates
reoffered
the
Co., Coffin & Burr, Bear, Stearns 1975, and $1,040,000 in 1976. (Av¬ bonds for public investment as
& Co., Spencer Trask & Co., all
erage maturity of the entire loan follows: •
of New York, Braun, Bosworth &
19 5/6-years.)
Bonds
maturing
Maturities
of
1944
to
1950,
Imperial Irrigation District (P. O.
El Centro), Calif.
Refunding Approved—Evan T.
Unlisted Securities
ARKANSAS
the Governor said the bond
would be strengthened,
bidder paid a
tion, or all the bonds of one ma¬
net interest cost turity, 'are to be redeemed, the
on the bonds di¬ serial numbers thereof need not
vided as follows: $2,775,000 ma¬ be specified; (b) state the redemp¬
(c) require that the
turing June 1, $325,000 in 1944, tion date;
$345,000 in 1945, $370,000 in 1946, bonds selected for redemption, ac¬
$395,000 in 1947, $420,000 in 1948, companied by all interest coupons
the redemption
$445,000 in 1949, $475,000 in 1950, maturing after
as 3%s, $3,300,000 maturing June
date, be surrendered for redemp¬
1, $500,000 in 1951, $520,000 in tion, at a place within the City of
1952, $540,000 in 1953, $560,000 in Los Angeles, specified in the no¬
1954, $580,000 in 1955, $600,000 in tice; (d) designate a place within
1956, as 1V2S, $15,660,000 maturing the City of New York, at which,
June 1, $625,000 in 1957, $645,000 in at the option of the holder, the
1958, $665,000 in 1959, $685,000 in bonds may be surrendered for
1960, $710,000 in 1961, $730,000 in collection of the redemption price;
The
price of 100.013,
of about 1.96%,
Other
Curb
Stock
......2334
Exchanges
.2339
Markets—Listed and
Canadian
Unlisted
*......................
.2337
City Department:
Proposals and Negotiations.2301
and
Bond
General Corp. and
Dividends
Investment News.2341
Declared
and
Redemption Calls and
Notices
The
2329
Exchange
Securities........
Unlisted
State
2313
Stock Exchange
Course
of
Bank
Foreign Exchange
Payable. ..2306
Sinking Fund
......2306
Clearings....2340
Rates.............2312
Combined Condition Statement. of
Federal Reserve Banks
..,.2312
Member
-
'mpnt-.
Banks
Condition
State2312
2302
THE COMMERCIAL & FINANCIAL CHRONICLE
.
after June
1, 1951, are subject to
on June
1, 1946, or
either
more,
short term notes
on
the
Under
the
program,
new
sued
Monday, June 21, 1943
•
injunction restraining the
an
payable M-N.
Dated May 1, 1943.
Due $1,000 in 1947 to 1956.
Prin¬
warned tax¬ bonds will be dated-Dec. 1, 1942 Chicago Board of Education from
and consist of $117,000 3X/4S, due
issuing bonds to pay judgments cipal and interest payable at the
any interest payment date there¬ payers of the importance of keep¬
interest totaling
on Jan. 1 from
1944 to 1947 incl.; and
First Trust & Savings Bank, Kanr
$13,500,000
after at 101 lk plus y4 of 1% for ing up local tax payments.
This,
arising
from unredeemed
1929 kakee.
Legality
approved
by
each 12-month period or fraction he said, is more important than $158,000 3V2s, due 1948-1951, and
redemption
thereof from the date of redemp¬
tion
the
to
105%.
but not to exceed
bond,
bonds
The
the
maturity date of the
of
Department
redeemable
it
and
The bonds are
•
solely
interest,
and
principal
Fund
of the
City of Los Angeles, in which are
required to be deposited all re¬
Revenue
Power
of the
out
established by the charter
in connection with the op¬
venues
of
eration
the city.
<•
Department
City of
of the
affairs
The
of
works
electric
the
of Water and Power of the
Angeles is under a Citizens'
designated as the Board
of Water and Power Commission¬
Los
Board
consisting of five
and
ers
mem¬
department
operates
water works
and electric
The
bers.
both
York City,
and. legality approved by Chap¬
man & Cutler of Chicago.
FLORIDA
(State of)
Florida
Legislature author¬
creation of a committee to
works.
Manatee
County Special Tax Sch.
16 (P. O. Bradenton),
District No.
Fla.
Florida
1943
New
Bank,
damus
Issue
Bond
Reduced—Jessie
P.
in
suit,
holding the
which
Several
taken
appeals
the
to
INDIANA
creditors
warrants sought
require issuance of the bonds.
,
Study
Refunding
Municipal
Prescribed—One of the acts of the
Oct. 1, 1943, at
ized
proposed to call study for two years the debt prob¬
that time. lem of cities which have been re¬
payable, both as funded on a basis which may pro¬
is
them for redemption at
to
National
and
of provid¬
These bonds
B, due Oct. 1, 1976.
Chapman & Cutler of Chicago.:: J
ing
Water
ing funds for the redemption of
$22,000,000 revenue bonds, series
104%
tax anticipation warrants, accord¬
in the face of the approach¬ $712,000 3%s, maturing from 1952
to 1966 incl.
to
Chicago
press
advices.
Principal and in¬ ing
Federal withholding tax on
terest
payable
at
the
Chase Judge Epstein also denied a man¬
individual wages and salaries.
ever
being issued by
are
Power for the purpose
are
by floating bonds,
or
have
Illinois
to
been
Supreme
Court relative to the 1929 tax
ticipation warrants, and this
Muncie, Ind.
Bond Sale—The $24,000 refund¬
ing of 1943, Series B bonds offered,
for sale
on
—were
awarded to
June 12—V. 157, p. 2099
Halsey, Stuart
Chicago, as lV4s, paying
price of 101.16, a basis of about
an¬
& Co. of
case
a
was
taken as indicating a step
Miller, Secretary of the Board of
preparatory to another appeal to y-1%. Dated June 15, 1943. Due
Public
on Dec. 15, 1951. Instruction, reportsi that the
Supreme Court.
the amount of refunding bonds of
A
total of $63,000,000
New Castle School City, Ind.
of the
duce recurring difficulties.
This the above district to be sold on 1929 warrants were issued by the
Bond Sale—The $37,000 refund¬
28—V.
action follows recent completion June
157, p.
2098—has
Board, of which all but $10,000ing bonds offered June 14—V. 157,
of
the
work
of
a
committee been reduced from $104,000 to G00 were redeemed from
taxes
p. 1994—were awarded to the City
created
by the 1941 session to $100,000, and the revised maturity collected against the 1929
levy, it Securities
Corp. of Indianapolis,
make a study of bond refunding schedule is as follows:
$4,000 on was said. In
1936, the Supreme as
Is, at a price of 100.56, a basis
operations.
That committee re¬ July 1 from 1944 to 1949 incl.; Court ruled that the Board was
of about
0.81%.
Dated July
1,
cently filed a 209-page report on $5,000, 1950 to 1955 incl.; $6,000 not liable for the unredeemed
a
study conducted
over
a
15- from 1956 to 1961 incl., and $5,- warrants and held that they were 1943, and due as follows: $4,000
July 1, 1944; $4,000 Jan. 1 and July
000 in 1962 and 1963.
month period.
payable only out of 1929 taxes. 1 from 1945 to 1947
incl., and $5,000
In
1937, a similar decision was
Panama City, Fla.
Fort Pierce Farms Drainage Dis¬
July 1. 1948. Second high bid of
handed
down
by the Supreme 100.465 for Is was made
trict, Fla.
Optioned
Exercised — R.
E.
by Baum,
in
another phase of
the Bernheimer Co. of Kansas
Debt Refinancing Nears Culmi¬ Crummer & Co. of Orlando exer¬ Court
City, j
nation—With the delivery by the cised the option granted to them case.
RFC of $120,000, to be used with in
IOWA
October,
1942,
to
purchase Cook County (P. O. Chicago), III.
$37,000 furnished by the above $134,424 4% refunding bonds at a
Real
and
Personal
Property
Estherville, Iowa
district, final culmination was in price of 98.—V. 157, p. 1561.
Value Faces 100% Assessment—
Bond Sale
The $7,000 semi¬
sight in the refinancing of the
County Assessor John S. Clark annual golf course bonds offered
Pensacola, Fla. district's
bonded
indebtedness.
announced recently that tangible for sale on June 14—v.
157, p. 2198
Bridge Purchase Approved by
Under the terms of the refinanc¬
personal property and all real es¬ —were purchased by the Emmet
ing program, the total of more Senate—The State Senate passed
tate will be assessed at 100% for County State Bank of
Estherville,
than $990,000 in principal and ac¬ a bill authorizing the city to ac¬
the 1943 taxes to be paid in 1944 as
iv2s, at par, according to the
Santa
cumulated interest is to be set¬ quire* the" bridge - across
instead of the preceding system of
City Clerk. Dated July 1, 1943.
tled for $157,000, which represents Rosa Sound and to authorize the
a 70%
valuation.
Due $700 from July 1, 1944 to
less than 16% of the indebtedness issuance of negotiable bridge rev¬
"But that will not effect the
enue
bonds
or
1953; optional on and after July
certificates, ac¬
which has gathered.
1944.
cording to an Associated Press present 37% allowance from val¬
The St. Lucie County Bank, it
uation,"
Mr.
Clark
explained.
dispatch from Tallahassee.
The
was stated, has been designated as
'That is a problem that I am con¬ Story County (P. O. Ames), Iowa
House is expected to take similar
the disbursing agent and holders
Bond
Election—It is
reported
sidering, but have not yet decided
.
.
„
—
Nevada Irrigation District (P. O.
Grass
Valley), Calif.
Bonds Voted—A proposal
to is¬
$1,500,000 in bonds, proceeds
of which will be used to pay off
sue
^
certain indebtedness to the Pacific
Electric
&
Gas
the cost of
Co., and finance
construction, was
new
approved by the voters at
tion on May 25.
an
elec¬
CONNECTICUT
New
of the
Haven, Conn.
Borrowing for
•
Current
Opera¬
tions Not Scheduled—The follow¬
old
district's
them
turn
therefor
payment
action.
bonds
the
on
-
may
receive
and
there
in
settle¬
Speciad
County
Bridge
O.
(P.
Districts
ment basis.
and
Bartow),
Fia.
Sold—It
Bonds
is
stated
by D.
it was
H. Sloan, Jr., Clerk of the Board
$4,800 interest will
of County Commissioners, that the
ister" of June 13:
be payable on the RFC loan, and
For the third year in succession after that time the
principal and following semi-annually - refund¬
the City of New Haven finds itself interest payments will amount to ing
bonds, aggregating $107,000,
ing is taken from an article ap¬
pearing in the New Haven ''Reg¬
the
in
enviable position
of being
mid-year obliga¬
tions without the necessity of bor¬
rowing
money.
This
was
an¬
able to meet all
nounced last night by Mayor John
W.
Murphy
with
the
statement
that surplus funds on hand plus a
consistently high
average
collections would for
enable
the
city
basis
current
to
of tax
third year
a
operate
without
on
a
necessity
for
seeking any tide-over loans,
provided that no large unbudgeted expense items have to be
met before next Dec. 31.
The three years of operating on
this
basis, officials said today,
constitutes
history.
the city carried
the
records
other known
no
in
record
a
Official
instances
city's
reveal
where
through three full
yeafs without borrowing.
It was
in 1941 that the city completed a
full
calendar
without
year
1906 that this had been
complished.
This
1942 and
now
the
mid-way period.
1943
whereas
In
the old
addition
have
in
already
at
and
taken
amount
$164,006.63 higher in
rent taxes
riod
than for the
cur¬
same
pe¬
Current tax pay¬
ments for this year between Jan. 1
a
year ago.
and June 9 reached
total of $4,-
a
739,633.52 as compared to the $4,575,626.89 paid in during this same
period in 1942.
An
in
even
payments
reflected
which
on
of
total
the
the percentage basis,
current
payments
representing 55.62%
levy for this year.
represents
of 1.35%
fame
on
shows
for this year
This
improvement
current taxes is
greater
over
period
totaled
a
54.27%
an
improvement
collections for the
ago,
year
of
the
which
then
total
levy.
Mayor Murphy, however, in an¬
nouncing that the city would not
have to follow its custom in
years
of
borrowing
past
$500,000
or
the
new
bonds
will
to
1957 to
leave
be
1956.
two years,
or
The
one
it was stated.
operation,
clearing the district of an overburdensome debt load, is expected
to greatly stimulate development
of
refinancing
the
some
in
district,, which
of the finest land and groves
Hollywood, Fla.
Bond
Call—City
announces
Clerk
bonds
numbered
series 1937, are
tion on Sept. 1,
as
been
retired),
called for redemp¬
Sept.
1,
made
on
1965.
Payment will be
presentation of the bonds
at the Chase National
Bank, New
York City, with all coupons ma¬
turing subsequent to Sept. 1, 1943,
attached.
at
par
Payment will be made
and accrued interest to
July 1, 1942.
date
New
Interest
Nuveen
a
1956.
Jr..JJJ-;
Denom.
$1,000. Prin. ; and int.
(J-J) payable at the Irving Trust
Co., New Yorkfc
Plan—The
1937.
re¬
contract with John
&
been
of
exchanged
the
bonds
had
would
off of the full 100%
value.
City, Ga.
Sold—It is reported
Bonds
that
$90,000 paving bonds have been
purchased by the Bibb Manufac-*
turing Co. of Macon.
Dated Oct;
Due
on
Oct. 1, 1972.
tax
crease,
decrease,"
rates
Clark said.
Mr.
tention to equalize
Tindall
was
personal
real
Oct. 1, 1941. Due on
lows:
in
$500
1953
$1,000 in 1961.
Bonds
y
,
•
.
Vidalia, Ga.
Sold—City Clerk
:
states
that
$20,000 2i/2% semi-annually
funding bonds have been pur¬
chased at par by Brooke, Tindall
& Co. of Atlanta.
the most part, he
said,
into
falls
property
new
order will be
which
have
sessed
v
retain
the
not, is
a
decide
we
37%
as¬
for
1943
taxes
handle,"
or
assessor
Mr.
Bonds
Clerk
bonds
made, but I do have the power."
:V Mr. Clark concluded by saying
an
election held
been sold
1943.
as
Due
on
2y2S.
April 6, have
Dated April 1,
$5,000 in 1945 to 1954
that
real
existed
estate
as
values
of April 1,
Offered
sey,
would
be
Chicago, III.
Issue
to
*
Pay
a
1929
•
Ky.
Approved
Purchase
.Utility
The
—
City
water
and
are
ment
$68,000
semi-annually
judgment funding bonds. Denom¬
ination $1,000. Dated May 1, 1943.
Due
Feb.
1, as follows: $5,000 in
in 1946 to 1954.
Principal and interest payable in
Danville.
In the opinion of coun¬
1945, and $7,000
bonds
these
sel,
will
constitute
valid, legally binding obligations
of
the
city,
limited
levied
ad
upon
payable
valorem
from
taxes
un¬
to
be
all taxable property
Legality
city's
The
-
obligation of the taxpayers,
be
an
to
finance
the
acquisition of the
plants.
that
said
is
It
Associated
the
Electric Co. of New York,
whose
subsidiary, the Tri-City Utilities
Company, operates the plants, al¬
ready has signed a sales contract.
An immediate test suit is planned
to
assure
validation of the deal.
Madison ville, Ky.
reported that
school refunding
been purchased by
bonds
$42,000
to Public—Hal-
1%
systems.
ordinance calls for the
of revenue bonds, not to
purchase
Bonds Sold—It is
V
approved
by
have
L.
at a
W.
& Co. of Louisville,
price of 103.00.
Lyons
Magoffin County (P. O. Salyersville), Ky.
Refunding
Validated—
Bonds
Court
State
Rejected—
Proposal
Outstanding
The
of
Appeals
has
disapproved the
county's
pro¬
posed refunding of $52,000 bonds.
The
high court did,
however,
validate
which
and
is
a
a
bond
1916
issue
of
$1,000 remains outstanding,
1928 issue of which $15,000
outstanding,
included
in
proposed refinancing.
Douglas Township (P. O. Gilman),
the
«
LOUISIANA
III.
:
Lafourche Basin Levee District, La.
Bonds
way
ized at
been
Sold—The
$93,000 high¬
improvement bonds
an
author¬
election in March have
purchased: by
Chicago.
Ballman
&
Main of
.
Bonds
Sold—City Clerk Ralph
states
that
$10,000
B~>. Farmer
judgment ; funding,
been sold
E. C.
Board of
Commissioners, that $500,000 5%
Band Call—It is stated by
Hanson. Secretary of the
semi-annual
bonds
have
Interest
locally as 21/£s.
bonds
Commissioners
of
Kankakee, III.
Bond
be
election
an
KENTUCKY
Frankfort,
1943.
Stuart & Co., Inc. of Chicago;
offering' for general invest¬
inclusive.
School
will
bonds
vote at
a
July 1, it is said.
on
equalized with actual values that
—
reports that $50,000 road
approved by the voters at
submitted to
Clark
"The State Tax Commission
Holland M. Cassidy of Chicago.1
Township (P. O. *
Watseka), III.
Sold
The
Township
building
$10,000
issuance
finally to
problem that the
may
said.
been
full valuation,
at
alone
public utilities,
generally
"Whether
therein.
ILLINOIS
,
senting vote, to the proposed pur¬
chase of the local electric light
X
:
-
two
personal
Bonds
April 1 as fol¬
to 1960, and
Iowa
Election—The issuance of
prop¬
estate val¬
Danville, III.
Dated
Bond
categories: machinery and
inventory.' Not affected by the
For
ues, r
reported that
Co. of Atlanta.
&
Washington Tp. Indep Sch. Dist.
No. 10 (P. O. What Cheer), -
Council recently ac¬
corded final approval with no dis¬
1
refunding bonds were
recently
by
Brooke,
$5,000 4%
purchased
election scheduled for June
an
/
his in¬
-
pass on the
hospital bonds
30.
"Thus the total effect
important."
He declared that it
Stone Mountain, Ga.
Bonds Sold—It is
at
.
raise tax rates." As assessments in¬
will
voters
issuance of $100,000
"But it must be made clear that
thei increased assessment will not
nothing to do with it. I don't
imply that the change will ; be
in
accordance Warrants Enjoined—Circuit Judge
of 1942 plan.1 Benjamin P. Epstein on June 7 is¬
with the provisions
Under
the 37%
system,
new
come
GEORGIA
Bibb
As of June 9, 1943, approx¬
80%
the
has
Belmont
Co., Chicago, for the
refunding of outstanding 3lA%6%
general refunding bonds of
imately
-v
ceases
funding plan of Dec., 1941, was
abandoned, according to report,
and the city, in September, 1942,
entered into
;
•
21,000 Dist. No. 14 bonds. Dated
July 1, 1942.
Due on Jan. 1,
called.
Refunding
Dated
Jan. 1,
Due on
■<
Sept. 1, 1943, the accrued interest
paid on surrender of the ap¬
on
ation of 70% of full value.
main
to be
propriate coupons.
explained
that in past assessments, the 37%
would be subtracted from a valu¬
E.
1943. Dated Sept.
Denomination $1,000. Due
1, 1935.
Due on Jan. 1,
1956.
that general re¬
have
Dated
19,000 Dist. No. 12 bonds.
funding bonds Nos. 1 to 1103 (ex¬
such
further
Clark
erty values with
1956.
I, 1942.
B.
Mr.
will not be
,
•
July 1, 1942.
embraces
the county.
1 in
Jan.
v
28,000 Dist. No. 10 bonds.
only
the entire indebtedness within
on
1960 incl.
\t
6,000 Dist. No. 1 bonds. > Dated
July 1, 1942.
Due on Jan. 1,
bonds
RFC
to
'
Dated
bonds.
1941. -Due
Jan. 1
sup¬
money
Dist. No.>3
$33,000
district has
awaiting
the
of
have been sold as 4s:
drew 6%.
$37,000
The district
authorities
expect
to
be
able,
through the continued
sale of
land and other means, to pay off
heretofore
•
the
is
which
—
cept
and June 9 of this year an
new
$103,000 outstanding.
ing at 27.5 mills, the same as that
of last year, taxpayers have paid
into
the
city treasury between
1
bonds
$10,000 of the
once
pdrts that with the tax rate stand¬
Jan.
The
of only 4%,
hand enough
on
designation
at
re-
to
reserve,
take up
Mann
Controller Cecil J. Marlowe
a year.
interest
plied by the district, plus another
$7,000 which it was required to
ac¬
third time
a
draws
repeated in
was
for
only
only about $7,000
debt
bor¬
rowing, that being the first time
since
For the first three years,
stated,
;
Road
the
that
upon"
Polk
of
the
Board
for
the
above
district, Nos. 1 to 500, are called
for
payment on Jan. 1, 1944.
1, 1904". Denomina¬
Dated. Jan.
Jan. 1, 1954, call¬
1, 1944.
tion $1,000. Due
able Jan.
V
Volume
Said bonds should be
V
for
presented
at the State Treas¬
payment
urer's
office, Baton Rouge, or at
the office of the fiscal
the
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4187
157
agency
date.
•
■
in
New Orleans.
of Boston,
Bank
'.• //;v.-•;
■
Dearnborn
Bond
that
Sinking
the
city
aggregating
Rate
Fund
O.
(P.
$180,000
Dep.
Date
15,000
4-1-1959
$9,000
1-1-1946
20,000
4-1-1960
7-1-1957
15,000
4-1-1961
7-1-1962
1-1-1947
4'A
$500,000
10-1-1944
4'A
280,000
4-1-1945
4'A
110,000
4-1-1945
4'A
9,000
10-1-1943
10-1-1944
/
5,000
^
pon water and sewer system re¬
Brcokline, Mass.
Bond Tenders Invited—Director
Temporary
Loan
Offered— funding and extension bonds of¬ of Finance Oscar Eckman is call¬
Sealed bids will be received un¬ fered June 15—V. 157, p. 2100—
ing for tenders until June 29, at
til noon
(today) June 21, for a were awarded to Pohl & Co. of 5 p. m. (EWT), of Series B bonds,
$300,000 temporary loan. Due on Cincinnati, as 2V2S, at a price of
Tenders should fully describe
93.258, a basis of about 2.90%, bonds
Nov. 12, 1943.
offered, including serial
Dated May 1, 1943, and due serial¬
numbers and state sum for which
Gloucester, Mass.
ly on May 1 from 1945 to 1972
1-1-1949
5,000
1-1-1957
5,000
1-1-1961
1,000
Impr.
Fd.
Rev
(Reg.)
Perm.
Impr.
Fd.
(Reg.)
Perm,
Impr.
1-1-1959
10,000
-
Perm.
1-1-1950
10,000
Mich.
Pontiac,
2,000
4-1-1950
2,000
Improv._ 5
"
4-1-1949
$20,000
General
cou¬
Date
$1,000
Amount
c/c-
General
1954.
Amount
Improv..
Maturity
Ref.___ V/2
Improv.. 4'A
$750,000 water works
Due in 1948 to
refunding bonds.
Maturity
Kind of Bond
General
15,000
Kind of Bond
Fire
of
Rate
$6,656,000,
in registered and coupon form:
issuance
Township
Sale—The
the
Grand Rapids, Mich.
'
Bond Issuance Authorized—It is
reported
Inkster), Mich.
MASSACHUSETTS
,
'
Commission recently approved the
MICHIGAN
>
;
0.489%. Due in 11 months from
of
district
the
of
and
State
National
Second
at
2303
1-1-1962
Fund
River
Rev
Rev
________
Terminal
Imp.
(Reg.)
-
5
$2,000
1-1-1961
9,000
Hospital
41/4
10,000
7-1-1944
10,000
Inter-City Bridge.
4
3,000
7-1-1945
10,000
10-1-1946
1,000
7-1-1951
10,000
10-1-1947
5,000
7-1-1955
11,000
10-1-1948
4'A
$50,000
1-1-1944
Crossing 4'A
1,000
1-1-1946
Gen.
Imp.
(Reg.)
10-1-1945
.
bonds will be sold.
Bond Sale;—The $35,000 coupon
incl.
offered
date
municipal
June
16
bonds
relief
to Arthur
awarded
were
Ferry & Co. of Boston, as $0.75s,
at
price
a
100.30, a basis of
Dated July 1, 1943.
of
about 0.65%.
Denom.
$1,000.
Due $7,000 on
July 1 from 1944 to 1948 incl.
Principal and interest (J-J) pay¬
able
the
at
Bank
of
National
Merchants
Boston.
Legality
ap¬
Callable
on
inverse
in
interest
any
numerical
order,
at par
R.
I.
The right is reserved by the
City Commission to report any or
Fund
(Registered)
Railroad
and accrued interest.I The
all tenders,{to waive any irregu¬
First of Michigan Corp., .Detroit,
larities in the tenders and to ac¬
second high bidder, offered to pay
95.65 for a combination of $25,000 cept the tender or tenders which
in the opinion of the City Com¬
2s, $46,000 2%s and $109,000 3s,
mission are most favorable to the
making a net interest cost of
city up to the total amount of
about 3.186%.
$50,000.
Detroit, Mich.
Hearings on Proposal for 1%
proved by Storey, Thorndike, Pal¬
mer
& Dodge of Boston.
Other Wage Tax Postponed—Since no¬
bids, also for 0.75s, included the body put in an appearance, either
pro or con, the first of a series of
following:
Bidder—
1
Rate Bid public hearings at City Hall 011
Perm.
__
Schools
4
9,000
7-1-1955
Schools
4'A
11,000
1-1-1954
4'A
100,000
7-1-1954
Schools
(Reg.)
Schools
4'4
(Reg.)
Schools
7-1-1954
500,000
7-1-1955
4'A
...
104,000
4'A
___
Schools
80,000
7-1-1955
Schools
Safe
Bank~______
National
Gloucester
100.276
Co.—
100.259
100.235
100.088
Mayor Edward J. Jeffries' recom¬
mendation for a 1 % municipal oc¬
E. H. Rollins & Sons, Inc
Halsey, Stuart & Co., Inc
cupational tax on all payrolls and
net
profits of professions and
Coupon bonds, dated July 1,
1943.
Denomination $1,000.
Due corporations was postponed June
& Tr.
Dep.
9 to June 23.
Mayor Jeffries
of
side
Massachusetts
Airport
Both
Bond
no
out of the
was
spokesmen for either
the
the
attended
issue
(State of)
June 9 hearing, although invita¬
Approved— tions had been sent to 55 indi¬
Bill
branches of
the
Legislature
have given final approval to a
bill
list
the
from
be¬
been
removed
cause
of failure to file statements:
Aroostook Co., Me.
~
was
(Town)
Saratoga Co., N. Y.
Stamford, Conn. (City)
Burbank, Cal. (City)
Steubenville, Ohio (City)
Tulsa, Okla. (City)
Wilkes-Barre, Pa. (City)
Zanesville, Ohio (City)
Refuse
to
approve
term
July
on
bonds
the
for
struction of the $60,000,000
6,
at
8
p.
more
to lighten the yearly pay¬
years
ments
and
cities
the
on
towns
Metropolitan Water
Supply Commission.
served by the
Then the House revived the bill
to
all
require
within
and
cities
radius
15-mile
a
towns
the
of
a suffi¬
join the
Metropolitan system and help pay
State
House
cient
water
its
and
This
costs.
lacking
supply
to
has been
measure
referred to the committee
on
mu¬
nicipal finance.
;
Railroad Bonds
'«—In a roll call vote of 148 to 0,
the Massachusetts House recently
caused to be enacted a bill author¬
izing the; State-Treasurer to
re¬
finance bonds of Boston & Maine
tage
•
of
bonds
of
crease
,such times as the
be able to take advan¬
market
are
.792%.
'"A survey
:
tax
of personal property,
conditions.
•
The
held in the State Sink¬
Methuen, Mass.
Temporary
temporary
June
Loan
loan
14 and
was
—
revenues
from
was
offered
on
awarded to the
have
sessed
The
grand
valuation
(Reg.)
4'A
140,000
37,000
Water
/
4'A
160,000
4-1- 1955
4
6,000
7-1-1954
Water
(Reg.)
4'A
7,000
4-1- 1944
9,000
7-1-1955
7,000
4-1. 1945
1,000
7-1-1944
7,000
4-1
7-1-1945
8,000
4-1
7-1-1951
8,000
4-1
1948
7-1-1955
8,000
4-1
1949
$25,000
1-1-1944
1-1-1945
17,000
15,000
1-1-1947
__j
Sewers
—
Sewers
4'A
____
of
1943-44
as¬
was
at
pared
with $2,724,495,430 for the
$2,794,425,810,
current fiscal
"Land
as
com¬
in
dropped
year,
$11,469,070 in the ' last
but
buildingvalues
in¬
creased
personal
creased
$61,044,180
property,
inventories
and
and
manufacturers,
$20,355,270.
\
in¬
merchants
increased
"The average home owner, with
home assessed at $4,000 will pay
$3.80 less in property taxes next
year
than this year, McCarren
explained."
4-1 -1955
II,000
4-1 -1956
1-1-1949
1-1-1950
1-1-1951
1-1-1952
Water
4'A
$5,000
4-1-1944
Water
4'A
11,000
10-1-1945
5,000
10-1-1949
$10,000
10-1-1943
6,000
1-1-1955
1-1-1956
10,000
10-1-1944
$10,000
1-1-1944
10,000
10-1-1945
11,000
10-1-1946
Dated July
Sewers
4'A
;
17,000
1-1-1953
1-1-1952
50,000
Water Works
4'A
direct
obligations of the City
1-1-1944
11-1-1959
4'A
$13,000
9,000
11-1-1961
200,000
11-1-1946
4'A
10,000
11-1-1946
4'A
14,000
5-1-1945
4
100,000
11-1-1952
i__ 4
7-1-1945
1-1-1956
4'A
50,000
1-1-1953
4'/2
1,000
1-1-1944
Schools-
2,000
1-1-1950
17,000
11-1-1952
Schools
Perm.
Imp. Rev.
Fd.
Works
_
1,000
1-1-1954
2 6-10 $3,000
2-1-1951
" -4,000
r
Building
Schools
,,
Ref.
___
(Reg.)
4'A
$25,000
8-1-1949
17,000
3,000
8-1-1949
Series
■■?'•' 6,000
(Ref.)_. 4'A
4'A
Sys.,
1__
No.
'f
4fl0
the
rate
be
in
or
centum
per
all
same
bids
are
interest
of
3
annum
all
4,000
3,000
3,000
8-1-1954
and must be
;;//.v,'.•///>.: /;;/
bonds
will be awarded to the highest
and most responsible bidder, by
8,000
the
amount
of the
bid and
/
■
'.V
./
•
' ;: /•/'.•
/
Little
Falls
will
be
':/
'
•
•
10,000
11,000
8-1-1958
8-1-1959
11,000
as
'
-
Sewer
•'•;;
•
•
,l* ?
1
„
,
Works
6,000
4'A
Water Works
1,000
5-1- •1951
5-1- 1953
2,000
5-1- 1954
4'A
Works
Airport (Reg.)
___
$8,000
5-1- •1944
4
$6,000
6-1- 1944
7,000
Water
6-1- 1945
7,000
6-1- ■1946
7,000
General
6-L 1947
$1,000
Improv- 4'A
6-1 •1949
1,000
3-1-1648
$1,000
3-1-1944
1,000
3-1-1945
1,000
3-1-1946
6-1 •1953
6-1
1954.
4,000
6-1 •1955
5,000
6-1 •1956
Gen.
Imp.
(Reg.) 4'A
$10,000
6-1 ■1953
3-1-1945
3-1-1946
6-1' 1951
3,000
8-1-1950
6-1 •1950
1,000
8-1-1949
3-1-1944
2,000
1958
3,000
7-31-1943
2,000
Inter-City Bridge- 4'A
5-1- 1949
3,000
$32,000
Improv.. 4'A
11-1
11-1- 1965
$4,000
4'A
8-1-1965
4,000
General
11-1- 1957
1,000
8-1-1964
4,000
4
Ext.
13,000
13,000
$8,000
Refunding- 4'A
Water Works
Water
1,000
8-1-1962
12,000
;, ;.'7
"/
5-1-1957
5-1-1959
11-1- 1956
4,000
8-1-1961
8-1-1963
5-1-1956
$2,000
Sewers, Ser. No. 3 2'A
8-1-1960
11,000
12,000
3,000
5,000
8-1-1956
••'•/
5-1-1954
5-1-1955
3,000
8-1-1957
:v;,"
'
^
each
cashed
8-1-1854
5-1-1949
1,000
2,000
1
8-1-1955
11,000
1
''
$7,000
8-1-1953
10,000
y.
4'A
8-1-1952
10,000
/•■;.
vr'i
„____
8-1-1951
10,000
/
of
and all bids
8-1-1950
Sewers
.
9,000
,v
such check will be returned upon
the right to reject any
8-1-1949
9,000
..
■i/;.
5-1-1964
8-1-1948
9,000
/.;
-
5-1-1961
8-1-1947
9,000
//.■/.;,
1,000
4,000
8-1-1946
8,000
■
which is meant that
5-1-1959
V 8-1-1945
8,000
//../:/.//■:'/
;
5-1-1958
8-1-1944
8,000
~/
■;//
/-•■ ' /
'
■
7,000
7,000
••-'//;.
5-1-1955
2,000
/./>/•'• 2,000
8-1-1955
8-1-1943
5-1-1952
1,000
8-1-1956
$7,000
Sewers, Ser. No. 2 2'A
the
14,000
4,000
Unless
5-1-1951
5,000
8-1-1953
per-
10,000
8-1-1952
one
5-1-1959
5-1-1960
5-1-1949
8-1-1951
17,000
-
2,000
8-1-1950
17,000
one-
bonds.
rejected
are
6,000
which
'
Sewers, Ser. No. 1 3 4-10 $2,000
\
2 4-10
4
No.
to
■
5-L1952
1,000
•
Sys.
Disp;
Sewage
said
of
multiples
for
of
invited
one-tenth of
quarter
the
for all
be
must
Bidders
5-2-1947
11-1-1952
r v
•
bid
'
4,000
.
8-1-1943
•
'/
Sch. .'
(Pub.
Bldg.)
Schools
Sewage Disp.
4'A
(Registered)
Street
Bridge
,
Library'
■"
Imp. Rev.
Fund
2-1-1958
•
/4'A
(Reg.V
Robert
Airport
,v
11-1-1954
Market 2'A
Municipal
7-1-1944
Registered)
Hospital
11-1-1953
10-31-1943
Library
Perm.
Water Works
principal and interest as they be¬
come due, to be levied before the
issuance of said Refunding Bonds.
11-1-1947
25,000
4'A $300,000
(Registered)
Water
11-1-1945
3,000
r
9,000
Works
Water
pay
5-2-1947
1,000
13,000
Improv— 4'A
16,000
1
$1,000
1-1-1953
26,000
4
(Registered)
the bidder may
desig¬
Said refunding bonds are
of
Little
Falls, the full faith and
credit of the city being pledged
for the • payment thereof
and a
direct irrepealable tax, 5% in ex¬
4'A
30,000
nate;
as
Refund.
Works
Water
4
'necessary to
General
1-1-1951
14,000
4'
.
Fire Dept.
1-1-1948
5,000
(Reg.)
1-1-1946
1,000
Sewers
1-1-1945
20,000
Interest rate is not
sum
Wharves'& Levee- 4'A
23,000
Water Works
bonds.
4-1 -1957
11,000
9,000
at such place of pay¬
20,000
Perm.
Fund
Perm.
6-1 •1954
4'A
$410,000
12-1-1945
4'A
90,000
12-1-1945
5,000
12-1- 1949
Imp. Rev.
(Reg.)
__
Imp. Rev.
Fund
stipulated and liquidated damages.
Bonds will be prepared and fur¬
nished to the purchaser thereof
1,000
3-1-1947
1.000
3-1-1948
18,000
1,000
3-1-1949
27,000
12-1- 1953
1,000
3-1-1950
13,000
12-1- 1954
1,000/
3-1-1951
39,000
12-1- 1955
charge,
and
approving
opinion
Sewage
Series
Disp.
No.
Sys.,
3—
2%
12-1- 1952
1,000
Perm.
3-1-1952
40,000
12-1- 1956
1,000
3-1-1953
41,000
12-1- 1957
42,000
12-1- 1958
5,000
Impr. Rev
charge.
St.
12-1- 1959
2 2 7-10 $13,000
9-1-1946
Sew.
9-1-1947
Water Works
2 6-10
14,000
9-1-1948
Water Works
4'A
-•
14,000
9-1-1949
11,000
11,000
15,000
9-1-1950
12,000
12-1- 1945
15,000
9-1-1951
12,000
12-1- 1946
16,000
9-1-1952
13,000
12-1- 1947
16,000
9-1-1953
14,000
12-1- 1948
17,000
9-1-1954
14,000
12-1- 1949
17,000
9-1-1955
15,000
12-1- 1950
1,000
9-1-1957
15,000
12-1- 1951
4,000
J—
$66,000
13,000
Fund
9-1-1944
^
out
taxable
including
of
4-1 •1953
4-1 -1954
11,000
and accrued interest.
of
Fletcher,
Dorsey,
Barker,' Colman and Barber/of
Minneapolis.
Minnesota, will be
Detroit
furnished to the purchaser with¬
year.
values
10,000
10,000
•'
1-1-1948
4,000
,
Each
4-1 •1952
1-1-1954
3%, payable J-J. Prin¬
cipal and interest payable in law¬
of the
9,000
1-1-1946
4-1 •1950
4-1 •1951
1,000
1947, and $5,000 in 1948 to 1957,
cess
9,000
9,000
' 5,000
1, 1943. Due on July 1, $2,000 in
1945, $3,000 in 1946 and
ment
1947
3,000
/
1944 and
money
1946
4,000
Denomination $1,000.
ful
.■■'*•
without
total
for
4-1- 1955
Water
7-1-1951
4'A
(Reg.)
7-1-1951
been
sold
$300,000,000 in assess¬ and will return the checks of all
ments, according to Assessor Ken¬ unsuccessful bidders. If an offer is
neth J. McCarren, in charge of accepted the bidder fails to pur¬
chase according to his bid, then
personal property assessments.
his certified check to the City of
"The total increase in assessable
ported.
4-1. 1953
1,000
2,000
be
than
real and personal property in De¬
troit was $69,930,380, Schulte re¬
$500,000
26,000
28,000
Sewers
•
city will have lost
10-1-1948
4'A
at
not
ing bid. The City Council reserves
more
I,000
(Reg.)
6
...
non-acceptance of its accompany¬
a
A $50,000
less than par
bids
will
Bonds
of the Federal Govern¬
name
.
ing Fund.
all; sealed
after
ment, probably will show that the
the
10-1-1946
1-1-1953
certified check for at least 5%
.
exempt because it is held in
at
State may
for the
the tax rate will
for each $1,000
fixed
May Refinance
Railroad
cents
10-1-1953
5,000
-
4
—
m.
bidder, whose
offer is most advantageous to the
"The new
tax
rate, he told City of Little Falls from the
Mayor Jeffries, will be $28,027 as standpoint of interest rate and
compared with the current rate of amount of premium offered. No
$28,976, or a reduction of 3.275%. bid will be considered which calls
The
city budget of $78,319,372, for an interest in excess of 3%
which is $625,607 less than that
per annum.
No bids will be re¬
of the current year, shows a de¬ ceived unless accompanied by a
con¬
Quab--
10 to 15
for
Reservoir
bin
95
cut
levy
30,000
2'A
______
Bonds—
Series No. 4:
Water
7. Auction bids will be considered
must
tax
4'A
Schools
Sewer
1-1-1954
(CWT), by C. E. McPherson, City
Clerk, for the purchase of $60,000
public utility refunding bonds, or¬
iginally offered for sale on June
name
valuation, it was re¬
ported
Monday
by
Joseph A.
Schulte, President of the Board of
Assessors.
^
June 7 refused
the bill to extend the
the
of
15
of assessed
Extend Bond Matur¬
to
of June
reduced less than 1%
next fiscal year,
be
Pittsfield, N. H.
ity—The House
Press"
Detroit's
"Although
Haverhill, N. H. (Town)
Hillsborough Co., N. H.
Pembroke, N. H. (Town)
•
'Tree
Detroit
4-1-1953
2,000
Bond Offering—Bids will be re¬
ceived; until
all inclusive..
carried the following report:
5,000
__
3,000
to exceed
Only one petition, from E. J.
Brunner,
of
the
Builders
and
to the airport in East Boston.
Traders Exchange, had requested
Changes in List of Legal Invest¬ a hearing at a later date so that
ments—In a bulletin dated June he could present the results of a
9, the Office of Commissioner of survey his organization is making
Banks, Boston, has added as of on the subject.
June 4, 1943, the municipal obli¬
The
proposed
municipal tax,
gations of City of West Allis, Wis., similar to Philadelphia's payroll
to the list of investments legal for
tax, would provide estimated; re¬
savings banks in Massachusetts, venues of $10,000,000 annually to
dated July 1, 1942.
' >
finance future
capital improve¬
The municipal obligations of the ments and for other uses. >■'
following
municipalities
have
Tax
Rate
Cut
95
Cents—The
4'A
7-1-1951
Falls, Minn.
public generally had been invited.
the
SchOOlS
(Reg.)
2,000
Little
viduals and organizations and the
issuance of $4,750,000 in bonds for improvements
authorizing
4-1-1949
10,000
'
Schools
Schools
Sewers
MINNESOTA
*
filed.
State and
4-1-1949
5,000
60,000
,
$7,000 July 1, 1944 to 1948. Prin¬
cipal and interest payable at the
Merchants National Bank, Boston.
50,000
114,000
.
Gloucester
4'A
4'A
__
4-1-1956
10,000
4'A
5'A
,
4-1-1953
4-1-1956
/'
4
Schools
5!/a
_•_
(Reg.)
Schools
$1,000
210,000
4
__
Schools
4'/2
(Reg.)
Schools
(Reg.)
Schools
1-1-1954
________
4
Schools
Schools
9-1-1958
16,000
12-1- 1952
19,000
9-1-1959
17,000
12-1- 1953
9-1-1951
18,000
12-1- 1954
A
IVt
Sewer
Sewage Disposal
Sys.
ser.
No.
Paul, Minn.
Sinking Fund Bond Offering—
It is announced by Joseph J.
Mit¬
City
Comptroller,
that
sealed proposals will be received
at his office until 10 a.m. (CWT),
chell,
.•
Sinking Fund Committee
will at said time meet to open and
consider bids for the sale of all or
and the
none
of
the
following
bonds
of
*
.
Water
—
5'A
$3,000
Refunding. 4'A
Ref.
(Reg.)
5
$2,000
12-1- 1948
47,000
12-1- 1948
5,000
12-1- 1948
12-1- 1943
12-1- 1944.
Chronicle (Reg. U. S. Patent Office) William B. Dana Company, Publishers, 25 Spruce St., New York 7, N. Y„ BEekman 3-3341. Herbert D. Seibert, Editor and Publisher;
Dana Seibert, President; William D. Riggs, Business Manager.' Published twice a week [every-Thursday (general news and advertising issue) w.ith a statistical issue on Monday J .other
Chicago—In charge of Fred H. Gray, Western Representative, Field Building (Telephone State 0613). London—Edwards & Smithy 1 Drapers' Gardens, London, E.C. copyright 1943 by William
B. Dana Company. Reentered as second-class matter February 25, 1942, at the post'office at New York, N. Y., under the Act of March 3, 1879.
Subscriptions in United States and Possessions,
$26.00 per year; in Dominion of Canada, $27.50 per year.
South and Central America, Spain, Mexico and Cuba, $29.50 per year; Great Britain, Continental tEurope (except Spain), Asia, Australia
and Africa, $31.00 per year. NOTE: On account of the fluctuations in the rates of exchange, remittances for foreign subscriptions and advertisements must be made in New York funds.
The
Commercial and Financial
William
offices:
I
THE COMMERCIAL
23C4
1o
Amount
Maturity
Date
4>/4
$7,000
12-1-1943
7,000
12-1-1344
8,000
12-1-1945
8,000
12-1-1946
12-1-1947
12-1-1948
12-1-1949
12-1-1950
12-1-1951
ities.
12-1-1952
12-1-1953
12-1-1954
12-1-1955
Works
Water
—
,
12-1-1945
12-1-1945
of
,
8,000
9,000
■
9,000
:
9,000
V
..
,.-W
;
.10,000
'
10,000
v=
;,v-'410,000
11,000
M
11,000Water
(Reg.)
Water
(Reg.)
Water
___
Works
l/10th
improvement
17—V. 157,
p. 2199—were awarded to Halsey,
Stuart & Co., Inc., New York, as
llAs, at a price of 100.33, a basis
Rate
Kind of Bond
■
12-1-1955
4V) $100,000
AVz
10,000
4l/2
26,000
have
a
fine Summer season
very
providing there
placed
York.
and
due
July
July
No. 7
$150,000
Sale—The
re¬
funding bonds offered June 15—
157,
1795—were awarded to
p.
L.
Edward
by
headed
group
& Co. of Salt Lake City,
Burton
M. Dain & Co. of Minne¬
and J.
apolis, as 1.40s, at a price of 100.35.
July 1, 1943. Second high
bid of 100.31 for 1.40s was made
Dated
First National Bank &
Minneapolis.
v
the
by
Trust Co. of
..
—
An
offering of $173,000 3%% bonds is
being made by M. M. Freeman &
Co., Philadelphia. The bonds are
non-callable, will mature in vari¬
ous amounts from Dec. 1, 1954 to
1961, inclusive, and are priced to
They
are, in the opinion of the bankers,
legal investments for trust funds
yield from 3.40% to 3.70%.
in New
Jersey.
•
M.
offering
Co. have pre¬
&
Freeman
000 3%%
its
whereas
the
is but $10,038,000.
city's assets
and
ply
valued
it
indebt¬
bonded
total
was
beach
are
a
Among
water sup¬
properties
front
at
$8,500,000 and which,
said, continually produce
sufficient
net
substantial
to
income
portion
of
pay
its
a
out¬
standing bonded indebtedness, re¬
ducing by that much the amount
raise
to
necessary
through
gen¬
$159,000.,
complying with the terms of
offering to accept for the
bid
the
least
amount
of
two
or
cept the
to
taxation.
Business
cent
Conditions
Improvement
Chamber
of
recently
that
conditions
Show
—
The
Commerce
general
during
Re¬
local
reported
\
the
business
Fall
past
and Winter have been the best
perienced in
in
view
years.
In fact,
ex¬
even
of
—V.
Sale
The
—
157,
the
offer to
ac¬
bidder
the
purchaser
amount
offering to
highest price.
also
must
equal
the
to
pay
The
pay
an
interest
$200,000 tax
June
on
15
York, at
0.85%, plus a premium of $7.50,
according to the Town Supervi¬
Dated J line
21, 1943.
';
Due
on
<
Improved
ported
Debt
Position
Re¬
The Newburgh "News"
of June 8 reported in part as fol¬
-—.
lows:"'."
It
on
was
received
by private holders from
bonds of the
of
New
shall
terms
York, at a price to yield a
2.00% basis, and accrued interest.
type and char¬
same
acter
of any
be
taxable
by the
Federal income tax
duction
is having
the effect of
placing Newburgh in perhaps the
most favorable financial position
of any city in the State. A reso¬
Road
and
stands to wind up
June 30 with
a
Funds
Bank
tions
properties
deposits
are
for
up.
defense
Collec¬
purchase
the fiscal year
the
case
surplus of $800,000
the
bonds
and
in
such
form
budget
various
procedures
classes
for
7
to
ful bidder will be furnished with
$1,000,000 in the general state
A surplus of $2,800,000 in
the highway fund at the end of
calendar
appears
cials.
the
gally
not
take
over
city.
ties;
'
(3) Adoption of
municipali¬
'
•
system of
.
a
.
uniform
public reports;
(4) The development of
search
the
in
Bureau
should
have
$3,000,000
a
cushion
in
the
of
bonds
are
valid
and
le¬
binding obligations of the
Enclose a certified check for
Edison
had
Woodbury, N.J.
funding bonds purchased in May
by the State School Fund, as IV2S,
sold
were
of
to
the
fund
at
a
price
Dated May 1, 1943, and
May 1, as follows: $2,000 in
1945 and $4,000 from 1946 to 1949
incl.
.hV'.'
par.
due
a
be received until 10
extension of 1943
when
a.
m.
bonds.
trick cannot be done again.
A deficit of $800,000 in the state
site
fund
of probable
forecast
last
of
December
20
for June
30, but this estimate was
cut to $200,000 by February. Now
the surplus of $800,000 to $1,000,-
sites
or
the
to
construct
Interest
a
part
Sewer
payable
System, the period
usefulness of which is
Principal and interest
years.
at
the
only slightly
over
debt
two mil¬
lion dollars the first of next year.
The peak of overall debt was in
1936, when the total
was
302.
up
Subsequently
$3,703,to
1940,
$400,000
and
Members of the Tax Committee
in reduced debt
see
to
tax
meet
reduction
financed
Ma/fine Midland
Trust
Co., New York. The approv¬
ing opinion of ThomWi, Wood &
000 seems assured.
Unexpectedly high liquor tax Hoffman, of New Yorkjvill be
receipts are mainly responsible furnished. The bonds are general
payable
from
un¬
for the change. Liquor revenues to obligations
All of the bonds
will be
dated
1944, $30,000 in
1945 to 1947,
Rate of inter¬
of !4
or
95 per
cent, amounting to $5,534,698 of a tax levy of $5,814,388,
was
July 1, 1943. Denom. $1,000.
Due July 1, as follows: $28,000
in
of
..
The development of
(5)
Bu¬
a
of Consultant Services in the
reau
of
Division
Municipal
composed of
Affairs,
of experience in
men
various fields to render direct ad¬
of¬
It
was
debt
new
1
which
was
assessed
purposes..
.
for
county
*
Collections during the first five
months of 1943
were:
l%s, paying
as
1, 1943. Due from July 1, 1945 to
1959; optional on or after July 1
Triborough Bridge Authority, N. Y.
Service
-Debt
as
municipal
be
only
totally
ex¬
with
years,
terest
payments
count
toll
bridge
was
payment
columns
generation
and
on
June
on
advices
7, page 2101.
indicate that as¬
sents to
the bond resolution
Jan¬
will be
$1,381,593, and the
retired un¬
til 1977—34 years hence.
Water
debt will be down to $376,231.
uary
debt will not be fully
New
Assessed
York, N. Y.
announced
final
total
Show
Values
Reduction—The
on
June
assessed
9
proposed amendments to
received
that
the
valuation
of
taxable real estate and franchises
in the
already have
from
holders
of
than $40,000,000 of the out¬
more
standing bonds. The amendments
require assent from holders of at
least $65,000,000 face amount.of
bonds, including owners of at
least 50% of the
Large
Commission
Tax
been
for
The
plan
in detail in these
000, and then rapidly decline.
next
of
revenues
facilities.
reported
Latest
default
or
the amount will drop below $100,indebtedness
re-:
maturing during
of severely re¬
period
traffic
There will be another rather
School
Assents
favorable
-
serial obligations
present
large
which
A
„
stricted
after
—
from,
bondholders
is
being
received
by
Triborough
Bridge
Authority
to
its
re¬
cently
announced
plan
de¬
signed to avoid interruption of in¬
annual payment but
a
Plan
sponse
The payment on that ac¬
this year is over $176,000.
next year,
for the first time in
Henry,
price of 100.105,
July
a
1950.
$45,000.
average
of-
basis of about 1.72%. Dated
Progressing
will
be
14
water
bonds
June 14—v. 157,
National Bank of Port
zens
to
have
to
be
bond issues..
next
project
on
1899—were awarded to the Citi¬
p.
needs
stated that the
Jan.
semi-annual
improvement
iered for sale
a
-
Sale—The $15,000 coupon
registered
or
ability
.
such
would
by
certain road
a
and
currently
otherwise
the
Croton-on-Hudson, N. Y.
Bond Offering—Sealed bids will
as
school
and
$622,200.
It will
tinguished within
NEW YORK
of
city
more bonds were
$68,000 in old weliare
obligations assumed.
he took office in
was
will be
almost
(EWT),
a war reserve.
However, he will on June 21, by Frank Finnerty,
not have the backlog of millions Village Clerk, for the purchase of
of dollars in unspent road funds $12,000 coupon or registered sewer
Governor
Combined
Bond Sale Details—The $18,000
State
Highway Department, set aside
that
Re¬
a
Division
Municipal Affairs to develop so¬
lutions to critical current prob¬
lems of municipal government;..
Bond
No bonds for any purpose have
been issued since the Fall of 1939.
issued
in January. If
revenues
stand
up
reasonably
close to existing yields the Gov¬
to
success¬
$3,160, payable to the city.
deficit government
close
The
Hawkins, DelaLongfellow of New York,
that the
to
:
ernor
opinion
field &
Dec., 31, also
fiscal offi¬
year,
probable
the
of
municipalities;
7
(2) The actual installation of
uniform accounting procedures for
adopted.
deposit accompanying his
fund.
good and there is every and $40,000 in 1948.
indication that Asbury Park will est to be in a multiple
are
,
(1) The actual adoption of uni¬
Sur¬
bid will be returned.
ity with the idea of converting all
eligible
housing.
1
visory service to municipal
law, the successful bidder may, at lution
commendinganew
the
ficials throughout the State.
his election, be relieved of his ob¬
city manager, mayor and councilplus Reported — Despite earlier
under the contract to men for continuing the policy was
Port Henry, N. Y.
forecasts of deficits New Jersey ligations
General
3V4S
due
the
of
1980
$50,000,000 term
and
least
at
50%
$48,500,000 serial bonds of
1940.
-
General Paul Loeser, General
Manager and Secretary of Tribor¬
ough Bridge Authority, in his re¬
cent comment on the plan, said,
"If the amendments are approved
promptly, default of interest pay¬
city for the fiscal year 1943$16,011,211,556. This is $111,762,899 less than the current total
and $47,472,280 less than the ten¬
tative
1943-44
figure published able in 1943 will
not occur. If our
in February.
' ' '
^
estimates of traffic volume in fu¬
44 is
the present ban on
driving,
the Chamber
The new total assessment con¬
advised that the majority of mer-'
the end of May total $10,300,000, limited taxes and are authorized sists of
$13,927,482,855 in ordinary
chants in Asbury Park are now
or $40,000 more than at
the time by the Village Law and the Gen¬ real estate, $1,378,532,665 in the
approximately 30% ahead in the last
eral Law of the State.
Enclose a
year. With a month to go they
real estate of utility corporations
volume of business done this year
certified
check
for
2%
of, the and
seem certain to equal the
$11,022,$705,196,036 in special fran¬
over
the same period of time in
206 total of last year, although bonds, payable to the Village.
chises, which are levies on facili¬
1942.
ties
$8,500,000 was estimated.
Fiscal
extending
underneath and
The
situation with regard to
officials estimated a $2,500,000 re¬ Monroe County (P. O. Rochester), above streets; ■:77777
■'/?,
the armed forces leasing several
A:
N. Y.
duction from last year because of
Although the final assessment
of our large hotels or apartment
Tax
Collections Mount — The total is one of the elements in the
expected reduced buying due to
houses have been taken over by
increased federal taxation and di¬ Rochester "Times-Union" of June computation of the new real estate
them since last Fall. There is still
version of cash to other spending. 7 carried the following item:
tax rate, the rate .cannot be com¬
an
extreme shortage of houses,
Collection
of
county
taxes puted
accurately
yet
because
Pater son, N. J.
K
apartments and room^ in the city.
reached a total of $5,342,474 at the Comptroller Joseph D. McGoldBond
Asbury Park since last Fall has
Offering — Howard
L. end of
May for the five-month rick has not submitted his final
been declared in the defense zone Bristow, Clerk of the Board of
period of 1943, Deputy County estimate of 1943-44 general-fund
and
is, therefore, now eligible Finance, will receive sealed bids Treasurer George T. White re¬ revenues.
for conversion assistance by the until 10:30 a.m. (EWT) on
July 8 ported today.
New York (State of) ,.
Federal Housing Administration. for the purchase of
$158,000 not
That was 96%
of the present
At the present time this branch of to exceed 4y2% interest
Municipal Division Expanded—
coupon year's tax levy of which $212,152
the Government is holding meet¬ or registered bonds, as follows:'
Deputy Comptroller Howard P.
remains to be collected.
ings with the various property $119,000 improvement bonds.
During the same period in 1942 Jones reported at the recent con¬
owners of Asbury Park and vicin¬
39,000 general improve, bonds. the percentage of the tax collected vention
of
the
Conference
of
pleasure
cluded:
,
pur¬
developed
»"
of the
ex¬
proportions."
objectives
panded Division of Municipal Af¬
fairs in the State Comptroller's
office
listed
by Mir. Jones in¬
,:V-
brought out at a meeting
the bonds accrued to the date of of I
Newburgh
Chamber's
Tax
payment, of the purchase price. Committee on Monday night that
In the event that prior to the. de¬ adherence
by the municipal gov¬
livery of the bonds the income ernment to the policy of debt re¬
now
"For the protection of
it is important that any
fiscal problem of irregularity be
both,
the various classes of
Newburgh, N. Y.
.
is
municipal of¬
public," he em¬
Other
2200—were awarded
p.
"This
past.
the
the
phasized.
to Leavitt & Co. of New
least amount, then
same
therefor
$33,-
bidders
more
rate is not to exceed 4%, payable
January, 1941.
The $3,000,000 salary increases J-J. Denomination $1,000. Dated
The Asbury Park Chamber of
and the $7,000,000 cash payment July 1, 1943. Due $1,000 from July
Commerce in a letter dated June 8
to
the Teachers' Pension Fund, 1, 1944 to 1955.
Rate of interest
say they are advised that "the ma¬
both
recommended
by
Edison, to be in multiples of lA or onejority of merchants in Asbury
caused the Republican-controlled tenth of 1% and must be the same
Park are now 30% ahead in vol¬
for all of the bonds. Issued to pay
ume
of business done this yqar Legislature to scrape the highway
bare to
balance this for the preliminary planning and
over
the same period of time in cupboard
year's budget, but they say the preparation and part of cost of a
1942."
eral
Note
notes offered for sale
the
to
to
nor
serious
town), N. Y.
As between
ficial
discovered before it has
$5,554,626.
bonds, the bonds to be accepted
June 21, 1944.
being those first maturing, and if
pared a special circular in which
The surpluses will be available
they call attention to the progres¬
despite salary increases that raised
sive
improvement in the city's the State's
payroll to an all-time
current and delinquent tax collec¬
high of $29,000,000. The estimates
tions, together with a report of were worked out
by State Con¬
budget receipts and disbursements
troller Zink and State Treasurer
showing ability to pay. In con¬
Hendrickson preparatory to clos¬
nection with the latter the bank¬
ing the books for the State's fiscal
ers
point out that the city owns
year.
"
property having an approximate
The estimates mean
the next
value
in
excess
of
$10,000,000, Governor will
edness
were:
Mount Pleasant (P. O. Tarry-
sor.-
con¬
Co.
&
than
amount
semi-annual Glen Rock
by Arrowsmith
the
state
sale and
Borough school bonds by the State
Teachers'
Pension
and
Annuity
its
In connection with the
M.
der
Jersey (State of)
nection with the sale of the
must
the bonds will be sold to the bid¬
'-i
Additional Information—In
chased
Offered
Publicly
,t.}i -.v y V. V
• i
157, p. 2199—it is
reported that the bonds were
Ashury Park, N. J.
Bonds
New
r*. •
t
fair
bid for
legally acceptable proposals spec¬
ifying the same rate of interest,
1, as follows:
Fund—v.
JERSEY
NEW
,;V
in
neither
collections
purposes was
proposal
more
1,
Co., Philadelphia, IV4S,
100.10;
Julius' S.
Rippel,
Inc.,
Newark,
IV4S,
100.06;
Charles
Clark & Co. and Dolphin & Co.,
1.30s, 100.08.
:
paliticis
1942
the bonds, which
shall be not less than $158,000 nor
&
man
Comptroller's
Department.
He
pointed out that many years had
elapsed between audits of municw
January, $5,132,045; February,
$145,264;' March, $124,321; April
$92,018; May, $41,048..;
•
This year's tax levy for county
amount
$16,000 from 1944 to 1957 incl. and
Bond
No
January, $5,010,063; February,
$133,673; March, $102,060; April,
$64,107; May, $32,569.
During the first five months of
Each
School
County
Prin¬
,
cou¬
District $18,000 in 1958.
Other bids in¬
cluded the following: M. M. Free¬
(P. O. Bozeman), Mont.
Gallatin
8
Monday, June 21, 1943
proposal will be con¬
which
specifies a rate
higher than the lowest rate stated
in any legally acceptable proposal.
or
registered
bonds offered June
Dated
the
be
bonds.
sidered
pon
1.205%.
the
First National Bank, Paterson, or
at the First National Bank, New
wick), N. J.
Sale—The $242,000
about
and must
of
cipal and interest payable at the
Middlesex County (P. O. Bruns¬
Bond
1%,
all
on
.
.
of
for
same
facil¬
transportation
and
travel
further
no
are
restrictions
travel
1943
MONTANA
v.
FINANCIAL CHRONICLE
&
.
.
that
an
accounts
of
Mayors
the
annual audit of
each
of the
units
jor objectives of the Division of
Municipal
Affairs
of
the
years
are
realized,
we
be¬
lieve that subsequent defaults on
interest and serial maturities also
will
be
avoided.
Since
interest falls
annual
due
both
on
bonds
term
bonds
semi¬
Aug.
and
1
serial
the
Authority naturally is
anxious to
gain formal assents
from a large majority of bond¬
holders
and
operation
to
put the plan into
speedily
as
as
Yonkers, N.
Bond
possible."
Y.
Sale—The $750,000
semi¬
registered re¬
funding of 1943 bonds offered for
annual
coupon
sale
June 15—v.
on
or
157, p. 2200—
jointly to Blair &
Co., Inc., and the Equitable Secur¬
ities Corp., both of New
York, as
l%s, at a price of 100.133, a basis
were
of
awarded
about
1943.
1952
1.73%.
Due
on
Dated
June
1
June
in
1,
1949
to
incl.
10,-
of local
government in
New York State is one of the ma¬
000
ture
State
Yorktown
(P. O. Yorktown
Heights), N. Y.
Bond Offering—Sealed bills will
be received by John H.
Downing,
Town
THE COMMERCIAL &
Number 4187
157
Volume
until
Supervisor,
3
p.m
June 22, for the pur¬
chase of $25,500 coupon registered
(EWT)
on
general bonds. Interest rate is not'
to exceed 6%, payable J-J. Dated
July 1, 1943. Denomination $1,000,
one for
$500. Due Jan. 1, as fol¬
lows:
$2,500" in 1944, $2,000 in
1945, and $3,000 in 1946 to 1952.
Rate of interest to be in multiples
of V4 or one-tenth of 1 % and must
be the
for all of the bonds.
same
Principal and interest payable at
the
Westchester
County National
Bank, Peekskill, with New York
exchange. The bonds will be valid
and legally binding general obli¬
gations of the Town, all the tax¬
able real property within which
..
will be subject to the levy of ad
valorem taxes to pay said bonds
,,
bonds.
assessment
and
Due
and
on
Ohio
Callable
May 1, 1943,
subsequent May 1.
any
PENNSYLVANIA
be
received
until
8
(EWT),
on June
28, by Charles B. Marks,
Jr., Borough Secretary, for the
were awarded to the Ohio Co. of
purchase of $50,000 %',/■%, 1, IVa,
Columbus, as Is, paying a price of
IV2, 1% or 2% coupon improve¬
100.3916, a basis of about 0.87%.■ ment funding bonds. Interest pay¬
Dated June 15, 1943. Due $30,000
able J-J.
Denomination $1,000.
on March and Sept. 1, in 1944 to
Dated July 1,1943. Due $5,000 from
1948 incl.
County (P. O. New
the
of
of
Board
bid
no
Trustees,
two
different
rates of interest will be
Offering—Mary Emmons,
combining
accepted.
is
which
of
10
able
usefulness
years.
for
3
In the event that prior to
the in¬
received by private holders
come
from bonds of the
character shall
type and
same
be taxable
vided
Wickliffe, Ohio
that
announces
,
' par
,
will
be-
sold
responsible
such
and
bid
is
not
the
to
bidder,
interest.
accrued
The
Clerk C. B. highest responsible bidder shall
pursuant to be the one who, having complied
the statutes of the State and Vil¬
with
the
conditions
of
sale, of¬
by the
lage ordinance the following re-' fers to take the whole amount of
funding bonds have been called the issue. at the lowest .interest
law, the successful bidder may, at for redemption on July 1, 1943: cost to the Borough, which shall
his election, be relieved of his ob¬
Series
Bond
Series
Bond be determined by deducting from
ligations under the contract to
the total amount of interest to be
No.
No.
No.
No.
purchase the bonds.
'
paid on account of such bonds
1938-16
2132
1938-17
2482
NORTH
1938-16" 2268
DAKOTA
1938-18
1
1938-16
Mercer County (P. O.
Certificate Sale
certificates
fered
Stanton),
of
for sale
June
157,
1938-16
2447
1938-16
2448
1938-21
; ment at any time prior to the de¬
livery of the bonds, of Federal
legislation which in terms, by the
2700
repeal or omission of exemptions
2735
1938-21
2736:
1938-21
2313'
1943. Due on June 1, 1945,
time funds are avail¬
able prior to maturity.
>
Bexley, Ohio
Authorized
nance
•//•/,/,•/
An
—
has been passed by
the
authorizing
Council
2552
2403
1938-16
ordi¬
the City
issuance
5
a
,
ing
the city's intent to purchase
the
properties
of
Cleveland
the
Electric Illuminating Company.
resolution had
the
After
been
"defeated, advocates of municipal
ownership introduced a surprise
motion instructing the President
w
•:
of the Council to appoint a com¬
mittee to study the advisability of
;j>
the
city acquiring and operating
and report its recom¬
otherwise, subjects to
or
income
of
2472
presented to
the
Willoughby branch
oL the
Cleveland Trust Co., Willoughby,
for
payment of the par 'value;
thereof, together with interest ac-'
crued to and including June 30,
1943.
Dettman
C.
announces
provisions of
the plan for municipal debt re¬
adjustment, notice is given that
cludes
the interest
bonds
on
character which
or
than
$5,000 is available for
in¬
these
bonds, will, at the
election of the purchaser, relieve
the purchaser from his obligations
under
the
of
sale
to
the
of, the
terms
and
the
entitle
of
return
the
contract
purchaser
amount
posited with the bid.
These ob¬
limited ad valorem taxes.
subject
to the
de¬
un¬
Issued
favorable
opinion
of
proved by the Department of In¬
of refunding bonds,
ternal- Affairs.
Enclose a certi¬
dated Oct. 1, 1936, and the village
fied check for 2% of the par value
requests sealed tenders for such
of the amount of bonds bid for,
bonds at a price not exceeding the
payable to the Borough Treasurer.
face
To the extent
value thereof.
of funds available the
of Ohio.
S
•////////
tenders
All
tendered
so
must
-
'
'
village will
at the
lowest offering price in accord¬
ance with said plan and the laws
bonds
^
t
Jenkintowii, Pa.
Bond Offering—Sealed bids will
be received until 7:45 p.m.
(EWT),
July 6, by J. M. Smith, District
on
Secretary, for the purchase of $8,-
designate the
000 1/2, %, 1, 1%, 1% 1% or 2%
had
coupon improvement bonds. De¬
bonds tendered and must be made nomination
dwindled by the time the motion
$1,000. Dated July 1,
on or before noon (EWT)/July 6,
made by. advocates of municipal
1943.
Interest payable J-J.
Due
at which time the tenders will be
ownership was presented and the
$1,000 from July 1, 1944 to 1951
opened. Bonds so tendered must incl. Bids will be received for the
vote was 15 for and 14 against the
Attendance
mendations.
*
proposal. Law Director Thomas
was
measure
a
legislative in effect and re¬
majority of all the Coun¬
carry.
Council President
Thomas J. Gunning then reversed
himself and announced the motion
quired
cil
'
such
declared
Burke
A.
a
to
Cincinnati),
(P. O.
Ohio
-
.
of
numbers
the
be ready for
delivery to the Vil¬
lage Clerk not later than July 10,
after
which
date
interest will
no
be
paid upon bonds tendered and
accepted. In case more bonds are
offered at the same price than can
be
entire
the
v;
be received
for the
^
bids will
on June 23,
until noon
building
garbage
improvement
OKLAHOMA
after
Davis
held-
8
June
the
voters
ap¬
is not to ex¬
proved the issuance of the $125,ceed 4%, payable J-D. Denomina¬
000
hospital
site
acquirement
tion $350. Dated June 1, 1943. Due
bonds by a substantial margin.
$350 from Dec. 1, 1944 to 1958.
Purchaser to furnish) own approv¬
OREGON
ing opinion at his dwn cost.
En¬
close a certified check for 1% of
payable to the Village
•
Fairfield, Ohio
nance
is said to have
—
N.
An ordi¬
been passed
providing for the issuance
of $35,-
improvement,
special
500
street
•
.
North
Bend,
Ore.
Bond Sale—The $20,000
taxes,
levied
any
or
the
will
now
or
assessed
be
any
present
or
here¬
thereon
taxes the
District
all
of
assumes.
Tripp Co. arid Fordyce & Co.,
Portland, jointly, as 2s, at
price of 100.37. a basis of about
1.79%.
Dated
due $2,000 on
(State
of)
New
and Leh¬
joint
York,
of the $162,296,000 bond
group,
other series
are
exchange.
•
still available for
An
May
1,
Surplus
Reported—
$18,000,000 treasury surplus at
the present time'and the prospect
it will reach $25,000,000 two years
hence
nor
Martin
started
reported
were
a
by
Gover¬
as
the Commonwealth
new
fiscal biennium "in
the black" for the first time since
1931.
1943
and
May 1 from 1945 to
"The state's finances
were never
against
in
Federal
Lenoir
City
municipality
with
having pledged electric revenues
to
the
the
of principal and
payment
The
—
$30,000 semi¬
coupon
utility
bonds offered for sale
10—V.
general obligation
157,
the city /contracted to
TVA power/ Feb. 22, 1938,
the Authority claimed under this
agreement Lenoir City obligated
itself to charge retail rates spec¬
ified by the Authority and to use
all
surplus
auction
on
1797—were
Dougherty
Philadelphia, as 13/4S,
p.
Co.
of
paying
of
the
system as was purchased.
Bonds
price of 100.003, a basis of
Dated July 1, 1943.
July 1, in 1944 to 1963;
a
''Obviously,
PUERTO
RICO
(Government of)
Lenoir
City
firmly
in
rights of its own, judging
the
City
of
portion
the
interest:5. due on
Puerto
Rican insular ./municipal
bonds July 1, would be withheld
by the Puerto Rican government
and applied to the payment of an
insular tax
on
cording
a
to
it.
Mr.
Ickes, ac¬
Washington report,
dated June 11, said that Gov. Rexford G. Tugwell of Puerto Rico
had advised him that these
poses
rumors
"are without foundation, and that
withhold
to
'
July interest."
city
pur¬
as
"This means,
then, that the val¬
idity of the TWA contracts is to
be questioned and tested in the
the outcome will
policy of scores of mu¬
nicipalities and co-operatives in
the Tennessee Valley area.
In¬
volved in this suit are two great
corollary issues:
/
Upon
the
.
is to
lute
power
"2.
Gov¬
almost
have
abso¬
lesser
over
govern¬
sub-divisions.
mental
Whether
,
,v
the seller,
in this
instance the Government, can dic¬
tate in detailed terms the manner
in which
wholesale product is to
a
be retailed and the
be put.
can
"This,
will
appearances,
lawsuit
a
retail sales
:
from-, all
be
to which
uses
the profits from these
significant
as
of the many in which the
Authority has been involved."
as
any
Tennessee
(State
of)
Local Units Show Financial Im¬
provements
:
Federal
Whether- the
ernment
part of the
any
money
for any
used
be
dispositions for
it sees fit."
legal
the Insular Treasurer does not in¬
tend
should
from
current
thinks, the
and
TVA
collected
that
statement
buys
.
L. Ickes^j Secretary
Interior, repudiated on June
rumors
to the effpct that a
1L
the
Dannell's
"1.
Interest Tax Rumors De¬
Bond
TVA
believes
government
courts.
Puerto Rico
were
the
contracts.
rest
prior to maturity.'
purchase
under
bonds,
revenue
about 1.748%.
callable
for
issued
Due
on
for, the re-
revenues
of
rates, or to pay bonds
issued for the acquisition of such
awarded to A. Webster
&
obligation
"When
"Lenoir
annual
June
general
P.
from
Bond Sale
of
bonds,
S.
certain
-
Shillington, Pa.
Local governments
—
in Tennessee ended the year
TENNESSEE
Lenoir
in
tion
Regarding
of
Use
Revenues
Power
—
an
1942
improved financial position,
according
City, Tenn.
TVA Suit Involves Major Ques¬
Surplus
Report
to
the
annual
seventh
report of the Tennessee Taxpay¬
ers
Association.
The
improve¬
ment is reflected in decreased in¬
ap¬
debtedness,
elimination
of de¬
these
columns
last faults and
improved revenue col¬
week, on page 2201, regarding lections.
;■/:,//. ; ;/,//'/.
suit brought against above city by
Gross indebtedness of all local
the Tennessee Valley
Authority units in the State decreased in
in connection with the pledging
1942 by $9,162,959, while the net
of
electric
system revenues to debt was reduced
$4,768,004.
payment of principal and interest
The improvement noted in the
on
general obligation municipals
report resulted, however, mainly
which were refunded by the mu¬
from
revenue
collections
tem¬
in
peared
nicipality
of
issue
in
1941.
the
The
Knoxville
June
3
"Journal"
porarily
increased
perity. ,
"Except in
by
war
pros¬
,
the
contained
following editorial
concerning the action of the TVA:
"The issue raised by the Ten¬
nessee
Valley Authority in its suit
against the municipality of Lenoir
City
the
over
latter's
pledging
•
sive
a very
counties,
made
was
no
the
in
few progres¬
improvement
administrative
methods in
use," the report stated.
"Adequate budgeting, accounting,
auditing, purchasing, tax assessing
to pay principal
and
general obligation
bonds involves one of the major
still
points of the Authority's program
still exacts its deadly
power
revenues
and interest
and
its
awaited
on
will
determination
in
the
valley
and
be
else¬
where with great interest.
"When TVA began to
to
municipalities
liver
-
both of
a
of
$49,564,200. This includes
bonds of practically all series with
the exception of series AA bonds
no longer available.
Bonds in all
future law
or
Commonwealth,
$18,000,000
'
<•»
refund¬
ing bonds offered June 15—V. 157,
p. 2200—were awarded to Charles
1
i Bonds Authorized
thereon
Pennsylvania
,
Treasurer.
com¬
—
reports that at the election
on
Philadelphia,
total to
under
Muskogee, Okla. ;
City Clerk R. L.
Bonds Voted
bonds. Interest rate
the bonds,
interest
inheritance
which
;
Village Clerk,
purchase of $5,250 coupon
r
/
of
Bros,
announced that
during the period May 15 to June
15,
$6,551,900 bonds
were" ex¬
changed,
advancing
the
grand
...
Bond Offering—Sealed
by Alvin J. Buck,
bid
taxes, except succession
or
of
J
no
payable without deduction for
under
from
interest but
the
and
tax
purchased
of the above
any
bining two different rates of in¬
terest will be accepted. The bonds
funds
available, bonds to be purchased
will be determined by lot under
■
at
issue
rates of
supervision of the clerk,
had lost.
Deer Park
and
titles
full
Co.
man
.Townsend,/Elliott & Munson,
Philadelphia, aqd will be deliv¬
ered to the purchaser only if and
after the proceedings authorizing
the issuance thereof have been ap¬
petition filed
here
buy
\
Bond Exchange Report—Drexel
&
of
the purchase
the C. E. I.
■
tax
class
a
Federal
a
ligations will be payable from
accept
enforced
he
nied—Harold
Said bonds shall be
more
for
of the
that pursuant to the-
Purchase of C. E. I.
Killed — The City Council has
voted down a resolution declar¬
Proposed
the state to
Philadelphia, Pa.
2675
1938-21
•
2471
1938-17
William
:
which
2601
$24,550
-Cleveland, Ohio
policies
1938-21
street ?improvement yWillowick, Ohio ■ .
Tenders Wanted—Village Clerk
bonds, it is reported.
of
myself
during his term of office, turning
a huge deficit into a large surplus.
1938-21
•
2450
1938-17
any
OHIO
•
2351
June 1,
Bonds
1938-21
-
Of
over
and above the face
1 any,
The enact¬
f amount of the issue.
1938-16
1—v.
cial
thereof,
the
premium offered, if
1938-16
1996—were purchased by H. E.
Mueller of Hazen, as 3%s.
Dated
at
2539
2350
amount
2519
TVA,
contrac¬
and counsel for the city,
Dannell, indicated the city
has done just that and believes it
was within its rights in so doing.
life
of¬
p.
or
1938-19
>5 1938-21
the
v
$15,000
The
—
'
v
V
2341
1938-16
indebtedness
on
2318
1938-16
N. Dak.
:
during
2483
under the
(his Republican predecessor)
than
of any Federal income tax
terms
'"The
Court
charges
ihe sound and business-like finan¬
pro¬
less
restless
interest
exchange
highest
Bond Call—Village
Lee
a
$7.1,000,000.
and for the people of
managers
The/bonds
required.
the delivery of the bonds
was
before creation of
even
grew
commend former Governor James
will be payable without deduction
to order of the Board of Trustees,
is
there
"I take this occasion for
The bonds and the interest thereon
will receive sealed bids until noon
-
costs, the period of prob¬
amounting to
p.m.
the purchase of
for* any tax or taxes, except suc¬
and
interest
thereon,
without $3,500 not to exceed 6% interest cession or
inheritance taxes, now
Dated Jan. 1,
limitation as to rate or amount.; cemetery bonds.
or
hereafter levied
or
assessed
Issued pursuant to Chapter 895 1943. Denom. $350.. Due $350 on
thereon under any present or fu¬
of the Laws of 1942, the Town March 1 and Sept. 1 from 1944 to
ture law of the Commonwealth,
1948 incl.
Rate of interest to be
Law, and the General Municipal
all of which 'taxes the Borough
Law, as amended, for the purpose expressed by the bidder in multi¬ assumes and
agrees to pay.
Reof paying the comprised amount ples of Va of 1 %/ Interest M-S.
gisterable as to principal only.
of certain claims, including inci¬ A certified check for $50, payable
dental
time
that
tem
tual restrictions.
deficit and unfinanced obligations
ceived for the entire issue at any
of the above rates of interest but
Paris), Ohio
'<
July
Repub¬
the state
over
July 1,1944 to 1953. Bids will bere-
Jefferson
on
since the
took
party
"At
Hatboro, Pa.
Bond Offering—Sealed bids will
$300,000 cou¬
pon
semi-annual
Re-assessing
Real Property bonds offered for
sale on June 15—v. 157, p, 1996—
Clerk
finances
lican
;
Sale—The
Bond
state's
2305
Government in 1939" and added:
(P. O. Columbus),
Franklin County
Bond
incl.
1954
March
on
Sept. 1, in 1944 to 1953 incl.
FINANCIAL CHRONICLE
ent
the
were
those
from
collection
payers'
methods
are
Large wastes of tax¬
funds
Politics
contiue.
toll despite
people bent under war's stag¬
gering cost.
"The lack of sound fiscal pro¬
a
sell power cedure and the taxpayer losses of
conditions over $1,000,000 a year that result
which it contracted to de¬
current
tax
lacking.
vastly differ¬
between
private
producer and retailer/because the
Authority insisted upon stipulat¬
will continue until the State gov¬
ernment
recognizes
its
bility and prescribes,
supervises
the
responsi¬
installs and
consistent
use
of
ing not only the conditions of sale
procedures.
Other¬
wise the ebb of the present tide of
but
war-stimulated
these
fiscal
revenues
will
see
in, great detail the nature of
fi¬ most of the local governments
nance';'the purchase of physical sinking back into their former
properties for the distribution of perilous plight."
The report shows that accumu¬
electricity.
These contracts en¬
tered into between municipality lated floating debt totaling $1,526,the bonds that were issued to
cooperative and 360 is shown in 11 counties and
tight affairs. eight cities and towns for 1942,
situation at the end of the 1943- TVA had them drawn so and in¬ compared to a floating debt total¬
ing $10,353,561 in the fiscal year
45 biennium/' the chief executive sisted upon them.
declared in a statement.
"Apparently Lenoir City, and 1936-1937.
"The refinancing of debt situa¬
He asserted there has been a which was in the business of op¬
in
a
ing
better condition than,
to
expectations,
"tremendous
will
accord¬
be
the
improvement in the
and
TVA,
TVA,
erating
were
a
or
very
municipal electric sys¬
tions
which
were
excessive
or
,
THE COMMERCIAL
2306
is
poorly arranged has also been a
in the
improved current
position of local units," the as¬
sociation said in its report.
"The
factor
of these
extent
flected
in the
refundings is
re¬
ing bonds outstanding, which has
increased from
$9,029,785 in 193536 to $48,096,240 in 1942.
"In
many
instances, however,
the remedies provided by the re¬
financing afforded only temporary
relief, gained by the extension of
the
and
maturities
principal
lic
rendered
not
the
much
rants
their
fundamental weakness, can be ex¬
of
the
present floodtide
incurring
as
financial
the
the
of
units
with few
local
past.
Until
ing
- Due
from April 15, 1944 to
1958; optional after April 15, 1949.
Texas
permanent
improvement in the financial po¬
sition of local government in Ten¬
is unlikely to be achieved.
condition continue to make
modic attempts at
situations.
rection
Oct.
correcting their
$302,747.01.
The efforts in this di¬
reflected
are
in
the'
Kettle
General
dated
con¬
now
ning for the financial
statute
program as
to
of
the
Dist.
Sch.
Cons.
until 2 p. m. on
be received
Dated
July
1945 to
State
No.
will
July
Due
Legal
ing jtepders, and. the page number gives the location in
-
Nashville RR.—
,
Date
Page
Marcy unstamped bonds
Mercantile Properties, Inc.—
Secured sinking fund 5 >/27
$5-__-July 30
Alleghany Corp., collat. trust conv. 5% bonds, due 1944_July 3
Allied Stores Corp., 4 V2 7 debentures, due 1951
Aug
1
2208
Miller
1737
Montana
2141
•
.
,
given in the "Chronicle."
were
Company and Issue—
Aircraft
Accessories
/
preferred
Corp.,
stock,
,
par
_
American
Bemberg Corp., 7%
preferred stock___
American, British & Continental Corp.—
___July
'
t
5%
debentures,
due
1953
American Central Mfg.
American
Utilities
_
Co., 4%
Service
1
_
cumul.
1737
1
1
______Aug.
1417
pfd.stock_July
conv.
1
1
2141
Atchison,
Topeka
&
Santa
California-Arizona
Baldwin
67
Locomotive
ref.
conv.
Barker
Bros.
Baumann
Bayway Term. Corp., 67
Bethlehem Steel Corp.—
Consol.
Bluffton
stock
1
July
due 1950—J_.
mtge. bonds,
5V2 7
2142
2008
1
1737
f
preferred
(Ludwig) & Co., 7%
.1
—Aug 2
2143
stock——1645
_
1st preferred stock—Jun
mtge. 20-yr. s. f. 3 Vt%
bonds,
ser.
Caibarien-Remedios Water Works Co., 1st 6s, due
Cassco Corp., 1st mtge. 6%
sinking fund bonds
June
Cloverland
A,
due
1961—
Dairy. Products
Co.,
Inc.,
1st
mtge.
Gas
Electric
&
gen. mtge.
1
2037
1
1360
2146
1
1553
67 7
1 '
bonds due 1954_July
*
1
2146
Corp.—
due
1952——July
1
2146
due
1952—
1
2146
/—July
Commercial Investment Trust Corp.—
$4.25 series of 1935 convertible preference
stock—Jun 30
Connecticut Ry. & Lighting Co., 1st & ref. mtge.
41/2s____,July 1
Consumers Co. of Illinois, 1st mtge. 5s, due 1956—..July 1
Du Mont (Allen B.) Laboratories, Inc.—-
10-year conv. 57 notes, due 1949—
:
:
—.July
Empire Power Corp., $6 cumulative preferred stock——.July
Evangelical Synod of North America, Illinois (ElmEvanston
Bus
Co.
mtge.
67
4s,
income
dated
bonds
1937—
due
Northern
1st
1
1941
1
1962——i
1
2041
—July
1
2042
1
bonds due
July
1
Oil Co.
of Texas, 4
>4 7
debentures, due 1954—.Aug
Paper Co., 1st & ref. 5s,
International
Rys.
&
ref.
of
Central
mtge. 6y27
Bakeries
6s, due 1945
Kankakee Water
ser.
A and B
July
Public
1949
bonds due
1947——..Aug
:
1st
2042
1459
Valvoline
2042
2150
American Car & Foundry,
1st
Oil
15-yr. 7#
Preferred
Co.—
v
-
1
Co.,
cumul.
1st
conv.
mtge.
6s,
/—
1
pfd. stock-July 31
series
6-28*
6-12
6-18
6-23
6-23
preferred
Mills,
Cotton
common
__
Hegeman Electric
2155
Art Metal Construction Corp,
Arundel Corp.
•
(quar.)
—
"Atlantic City
Fire Insurance (quar.)
preferred (s-a)
(Phila.)—•
$1V2 convertible preferred (quar.)..
Backstay Welt Co. (quar.)
1366
Automobile
1653
«
2257
H.)
(W.
Barker
2257
Brothers
5!/27
6-19
50c
6-2F
25c
7- 1
7-15
25c
7-
1
6-25
68%c
7-
1
6-25
Y.)
IN.
(quar.)._______
•
„
(Md.)
Biltmore Hats,
2258
Ltd.
Birdsboro Steel
1853
Bruce
:■
77
2158
<E.
;
(quar.)
preferred
Burkhart
Caldwell
(F.)
(A.
G.
Canada
Southern
Canadian
Indemnity Co.
2056
47
1
2260
-Carbons
W.)
Cold
Central
1
2252
7
2151
Steel
Chemical Fund.
DIVIDENDS
Dividends
current
which
are grouped in two separate tables.
In the
bring together all the dividends announced the
week.
we
Then
we
follow
with
a
second
table
in
show the dividends previously announced, but
57
Cliffs
87V2c
6-30
6-19
6-30 7
6-19
.'.
6-15
7-
1
6-15
7-
1
6-21.
f85c
(quar.)
8-16
7-31
8-16
7-31
8- 2
10-
1
6-21
8-16
7-31
6-18
t$4
7- 2
6-21
27
8-
3
6-30
40c
7-
7
6-30
(quar.»5c
7-
1
6-22
preferred
(s-a)
(irregular)
15c
6 7
preferred
(quar.)
Inc.
6-10
7
6-30
7-1
6-15
15c
common
7-15
12'/2c
Yards
preferred (quar.)
$5 preferred (accum.)
(quar.)
—
6-19
6-20
6c
Stock
Gi^phitd Bronze Co.,
Corporation
6-22
9-
6-30
75c
pfd. (quar.)
9-17
75c
(quar.)
6-30
40c
—
Wire,
Union
preferred
6-15
i50c
Co.
Cleveland-Cliffs Iron,
Cleveland
6-15
'v 7- 1
i$iy2
pfd.
(increased s-ai
Corp.
City Investing Co., 7 7
►
7-1
37V2c
(quar.)__
Chicago & Southern Air Lines
Cincinnati
6-22
1
Ry.—
Storage Co.
&
6-10
1
7-
5c
,
conv.
Consolidated, Inc.
(J.
6-25
7-
50c
________
(quar.)
non-cuminulative
Carter
6-25
62V2c
Converters
1
(quar,)______>
(s-a)
Canadian
mtge., 3V4s, due 1971--July
6-30
$1V4
—_____
common
Breweries, $3.40
Canadian Pacific
6-30
10c
(s-a>
Ry.
6-21'
7-20
37J/2c
(Irregular)
Canadian
903
1
______—$l3/4
Packing Corp.,
57 preferred (quarter)
903
6-30
7-
15c
preferred
J.)
7-15
50c
—
______
(quar.)
•
16c
______
California
2259
6-30
;
40c
$2
Mfg. Co.
8
7-15
25c1
(s-a
3l/27
L.)
6-24,
„
______
5%. preferred
1
.->
3:15c
Corp
common
Extra
1752
7-31
7-
25c
—...
Property Trust (quar.)
Durell Co.,
Brown
7-31
8-16
(quar.)__i__i-_.
Brooklyn Trust Co.
2158
/.
(quar.)
Briggs Manufacturing Co.
Brockway Motor Co.
2052
6-39
8-16
Foundry & Machine.
Boston Personal
2052
6-25
J15c
(s-a)
Herald-Traveler
; Boston
7- 3
>.45c
Bickford's Inc.
Central
we
(irregular)
common
(quar.)
& Sons
(John)
Extra
2052
6-21-
7- 1
Corp.,
preferred
Bertram
2157
6-21
6-23
6-21
6-19
6-19
6-25
Co.
Barber
1565
7- 1
7-1
6-30
7-1
37Y2c
12V2c
Yorktown
of
50c
25c
50c
$3
7- 1
—20c
—
Bank
6-23
6-30
Banking
Baldwin Co.
2052
2151
2151
-
Atlantic Realty Co., $6
*
2252
$1
$3
50c
—
preferred (s-a)
2050
2252
first
1
6-30
—
6-30
6-30
Carriers & General
899
6-22
7-20
6-17
6-186-25*
6-15
6- 9
7-9
7-10
67
*
A,
.—July
Koehring Co.. 10-yr. convertible bonds dated 1935.—July
Kresge Department Stores, Inc., 47 preferred stock
July
l
6-25
7- 1
7- 1
7-15
7 7
Woolen,
Arrow-Hart &
«
\
.
(Abilene Kansas)
Telephone Co.
Central Electric & Telephone, 6 7
1
6-30
6-20
6-19
$2
July
1st
6-24
6-30
6-23
_
10c
$1
2056
stock
Wisconsin Public Service Co.
6-30
8-1
7- 1
$1V4
1
to 1947—-Nov
6-30
7- 1
(accum.).-
Arcade
2155
2049
*
gold debentures extended at 5#
$1V4
$3
6-18
Metal, Inc. (irregular!
—
Anglo-National Corp. class A (liquidating! __
July 2
——July ; 2
1949
6-30
25c
____________——
Quarterly
Ltd.—
mtge. bonds, series C. due
7-15
25c
25c
Foreign Investing Corp.
American
prior preference stock—Jun
1948.
77
T
Ampco
,
mtge. gold bonds, series A, due
50c
6-10
J
'
.
^
(liquidating)
non-cum. pfd.
Coach & Body-
American
1850
—
Grain Growers
1st
Corp.—
(reduced)
American
1
30
Union Terminal Co., 1st mtge. 334# bonds, due 1967.—Aug
1
United Amusement Corp., Ltd., 1st. mtge. 5s, series A,
•.
due
1956
;
——Aug / 1
5%
pfd. (quar.)
preferred (s-a)
57
American
23
-JpJy. 1
conv.
—
American Fruit Growers
debentures, due
1953
6-17
15c
$134
7,
—
7
(s-a)
Credit
Business
Class A
mtge.
—Sep
—
Co.—
Service
due
4y2#>
2042
American
1652
15-year 5 V2% bonds, series A, due 1946—
4s.
common
——
Canada,
of
Co.
Aluminum
1
—July/ 1
Tennessee Coal, Iron & RR. Co., gen. mtge. 5s, due 1951-JUly
1
Terminal RR. Association of St. Louis, gen. mtge. ref.
1
15c
$l'/4
$3V2
(quar.)
(quar.)
Alles & Fisher, Inc.
♦Announcement in this issue.
Corp.-Schulze Baking Co.,
Keith-Albee-Orpheum Corp., 7%
Due
1
1
2042
America—
1st mtge., series A 4>/4% bonds, due 1959—
July
Kansas City Gas Co., 1st mtge. 5s, due
1946...—Aug
Kewanee
2251
1962_—July
debentures due 1956——Jun
7-
6c
preferred
5#
Engineering,
Allegheny & Western Ry.
/
f
United
1952
International
lien
1742
Realty Corp.—
10-yr. serial debs., due 1950_Jun 21
Biggins Industries. Inc., 67 preferred stock
—Aug
1
Hoe (R.) & Co., 1st mtge. bonds due 1944_________
Jun 24
6V2 7 prior preferred and 7% preferred stocks.—__Jun 21
1st
2249
1745
1956—-July 13:
Pennsylvania RR., gen/ mtge. 4 Vis, .series E,' due 19842.Jun 30
Phoenix Securities Corp., $3 conv. pfd. stock, series A—Jun 30
Radio Corp. of America, "B" preferred stock——.
July 1
Richmond Light & RR. Co., 1st & collat. purchase-mOney
mtge. 4% 50-yr. bonds, due 1952
—————July.. 1
Ritz-Arlington Trust, 1st mtge. 6s, due 1946 ——~Jun 16
St. Louis Public Service Co. 1st mtge. 5s. due 1959___„Jun
24
Scoviil Mfg. Co., 314#' debentures due 1950—July
1
Shawinigan Water & Power Co., 1st mtge. & collat; trust
sinking fund 4# bonds, series F, due 1961.—
Oct
1
Shell Union Oil Corp., 2% %■ sinking fund debs, due 1961_July 15
Sinclair Oil Corp., 12-yr. 3% 7 debentures, due 1950—-Aug
1
Sioux City Service Co., 1st mtge. 6#
bonds, due 1951—July l 'r
Sisters of Charity of Cincinnati, Ohio, Good Samaritan
Hospital and Seton High School 1st & ref. mtge. Col¬
lateral trust bonds,
due 1949——.—————July
1
Socony-Vaeuum Oil Co., Inc., 27/a7 debs, due 1955—.July 1 •}
Southeastern Greyhound Lines, Inc.— 6% convertible preferred stock———
July. 1
6# non-convertible preferred stock—————Ju.ly
1
Southeastern Greyhound Lines, $20 preferred stock—July .1
Thompson Products, Inc.,
Hartford Times, Inc., 3Vj>%
Interstate
2249
2046
of Reo.
6-19
7-14
——13c
(irregular)
Standard
Aetna
.
Holders
7- 1
7-24
6-20
6-30
6c
Co.'(Hartford)
Aetna Insurance
•
40c
(irregular*
Securities
Aeronautical
2045
•••
When
Pay'ble
^
1747
Standard Bleachery & Printing Co.—
Ry.—
mtge. 4 '/2 7
Houston
*
:
2147
Gen. mtge. 4 7 conv. bonds, ser. G. due July 1,
1946—July 1
Hamilton By-Product Coke Ovens, Ltd., 1st mtge. 5s,
v
series
A, due
1955
Jun 30
Hartford-Aetna
V
1
July
Corp., 5% conv.
Georgia-Carolina Power Co., 1st mtge. 5s due 1952
Great
:
July
debs., due 1953—July
General Public Service
•
1647
1741
Acme Stock Co.
1746
Pictures, Inc., 4%
&
,
:
1745
American Bemberg Corp., 7 7
Pipe Line Co.—
1st mtge. 8 1st lien 3 7 bonds, series C, duo
per
Share
Abercrombie & Fitch, $6 preferred (s-a)—$3
Abraham & Strauss (irregular*
Sl'/a
2
July
Tansey
,
'
2253
July. 1
—July
or
by
Monk of Montreal.
Name of Company
'»
1
pay¬
Quebec
Letourrieau,
Vallee,
.
1847
1^
1947——July
1955
$100.
approved
Legality
1847
,f
July, 1
due
Montreal,
The dividends announced this week are:
Eastern
Pictures, Inc., 47
*
1847
2
4>/2s,
Denom¬
and
$500
declared.
•
secured bonds due 1946—Jun 30
mtge.
Paramount
debenture bonds,
1st
1st
Paramount
debenture bonds,
College 1
RR.,
in
(Dominion of)
.
2037
23-year 5%
hurst
Illinois
$1,000,
2152
due
A,
2211
25-year 5%
•
series
1
*
inations
.
All of the bonds
1, 1943.
2252
•—_______
&
1944 to 1963 incl.
are1 dated May
American-Canadian Properties
25
IJuly
Colonial Steamships, Ltd., 6%
Columbia
.
bonds,
and $2,250,000 maturing
1958,
1,
$112,500 annually on May 1 from
paid. Further details and rec¬
dividend payments in many cases are given
under the company name in our "General Corporation
and Investment News Department" in the week when
9
1964.—
bonds,
school
4%
$3,750,000
ord of past
•.North American Co., 3%%' debentures, due J954——Aug.. 1
Old Colony Investment Trust—
-<• '
' <
Series A. iVs% debentures, due 1947
...July 1
Orpheum Theatre Corp. of Omaha, 4 7
income bonds
due 1949 4
...July 1
Panhandle
29
1
is
syndicate which recent¬
a
which have not yet been
Page
-
,
33/47
Provincial
Montreal
consisting of $1,500,000 due May
$55,000,000 Treasury bills was sold
1958———2———July 1
American Co., 3% 7 debentures, due 1954————July 15
2143
——_—July
bonds, dated J.S28
lien
2210
—_Juiy
1945—Juri
Jun
Central RR.,
of
ly. made public offering in Canada
of
Kenosha),
Treasury Bills Sold—An issue of
—July
Co., s. f. gold bonds due
mtge. 5y2s. series A, due
Prior
•
The
—
Canada
Toronto.
Canada
«_ ■
York Railways Corp.—
1
Century Parkway Corp., gen. mtge.x 6s due 1956 ______Jun 28
Chicago & Western Indiana RR. Co.—1st & ref. mtge. 4Vi7 series D bonds, due
1962——_Sep
1
Citizens Independent Telephone Co.—
series
Iron
of
Bank
able
bonds dated 1925—_____ July
mtge. bonds, series D, due 1956..
York
22
F., due 1959 -July
bonds dated 1926
College 1st mtge. 6Vs>7
4y4s.
tr.
New
Paducah
inc. 2d mtge. bonds due 1957-July
Burdines, Inc., preference stock———
1st
1st
-6, it is
Sale
Principal and interest (M-N)
—
Munising Paper Co., 1st mtge. 5s, due 1947
Nanaimo-Duncan Utilities, Ltd.—
North
bonds, due 1943_i-__-Sep
class A
Works—
Corp.,
1737
Ry.—
Fe
Lines, 4V'2%
Co..
Coal &
Collateral
Bond
'
Inc.,. preferred stock
New
Co.—
Collateral trust 6 7 bonds, series A. dated 1934______Jun 30
Associated Investment Co., 57 cumul. preferred stock__Jun 30
Axton-Fisher Tobacco
& Sons,
(I.)
•
Que.
sion,
an
"
<
Mortbon Corp. of New York—
whiph.the details
at
bonds, Nos. 251 to 300, Series
—-—July'/ 17
—.Aug V. 1 '
1966
will
bonds
the voters
Montreal Catholic School Commis-
Call—County Clerk John
of 1938.
extended unified mtge.
due
F-A,
Niederprim is calling for pay¬
ment on Aug. 1, at the County
Treasurer's office, Corporate Pur¬
bonds due 1950
.—July
Unified mtge. 4% bonds, scries B,.due I960—,———July
Luzerne County Gas & Electric Corp., 1st mtge.. 3V4S, **,
The date indicates the redemption or last date for mak¬
treal, Mills, Spence & Co., and
Bell, Gouinlock & Co., both of
Toronto. Dated Aug. 1, 1943. Call¬
able Aug. 1, 1946, or thereafter at
60 days' notice, at 100.50 United
States
funds.
Interest
payable
WISCONSIN
,
3 V2 7
to
Kenosha County (P.O.
Wis.
-•—
Louisville &
were
placed
through
a
syndicate
of the Bank of Mon¬
composed
head of
Date
Company and Issue—
debentures
privately
reported.
pose
2103—it is
QUEBEC
election scheduled for July
Lehigh Coal & Navigation Co., funding and improvement
mtge. 4bonds
Jun 21
Lehigh Valley Coal Co.—
1
1st and ref. mtge. 5% bonds, due 1944——rAug
1
Lexington Ry. Co. 1st mtge, 5% bonds, due 1949———Aug
1
Long-Bell Lumber Co., preferred stock
—————July 1
Below will be found a list of corporate bonds, notes,
preferred and common stocks called for redemption,
including those Called under sinking fund provisions.
the
issuance of
improvement
be submitted
p.
McN,
Pearson,
Deputy Provincial Treasurer, that
Charleston, W. Va.
Bond Election—The
$50,000
157,
R.
by
VIRGINIA
WEST
100 in
1959 to 1962.
(not 2%) refunding
stated
6%, payable J-J.
1943.
1,
the sale of the $1,-
debentures—V.
the
in
investment
with
185,000 2%%
nection
surplus fund of the District.
1954, $500 in 1955 to 1958,
and $1,000 in
years' limitation.
Redemption Galls and Sinking Fund
for
retained
(Province of)
Additional Information—In con¬
school bonds. Interest rate
is not to exceed
warrants,
1, 1940, are
Sept.
two
reports
now
$117,500 3% semi-annual
refunding bonds sold to William
Bond
(P. O. Colville), Wash.l
coupon
because
for
Secretary
Manitoba
7, by G. H. Inkster, County Treas¬
urer, for the purchase of $7,000
Revenue
void
MANITOBA
The
—
that the
—
Falls
196
■
prior
tinued interest in providing plan¬
District
war¬
Bond Offering—Sealed bids
prior to and including
1942.
This call is for
18,
Information
C.
rants issued
spas¬
District
Irrigation
(P. O. Selah), Wash.
Additional
Legislature.
WASHINGTON
General Revenue warrants to and
desperate
State
A.
State Treasurer
—
-
requested to notify the
are
reports
including No.
290,987
(1942-43
Series), which includes all war¬
ties whose finances have been in,
a
James
that he is
calling for payment at face value
"However, several of the coun¬
and some of the municipali¬
approaching,
(State of)
Warrant Call
Jesse
ties
were
bonds sold to the W.
revenue
par.
nessee
or
3%
Ewing Co. of San Antonio—V.
157, p. 2102—were purchased at
fundamental
weakness is corrected,
$40,000
K.
No general
this
the
Auditor
semi-annual Health Center Build¬
on
improvement in the vital function
of management can be recorded in
1942.
that
City
Selah-Moxee
Sold
County Auditor
Belger states that $23,000
county road refunding bonds of¬
fered for sale on June 9—V. 157,
p. 1997—were purchased by Barcus, Kindred & Co. of Austin, as
follows: $10,000 as 2s, due $5,000
on
Feb. 1 in 1950 and 1951; the
remaining $13,000 as IV2S, due on
Feb. 1; $5,000 in 1952 and 1953,
and $3,000 in 1954.
Said bonds
shall be optional for redemption
at any time after Feb. 1, 1947. In¬
terest payable F-A.
Antonio, Texas
Paid—The
states
now
government,
inefficient and wasteful
in the
as
Price
in
management
exceptions, continues
same
level
San
is ended.
revenue
"The
the
Bonds
iff
TEXAS
flow
5%
Harper & Son & Co., of Seattle,
Other than General
Revenue
as noted here
in January, were
warrants, all State warrants are
purchased at a price of 97.00, and
cashable when issued and should
are part of a $125,000 issue matur¬
be presented immediately for pay¬
ing Jan. 1, as follows:* $6,000 in
ment.
Prompt
presentation
for
1944 to 1946, $6,500 in
1947 to
payment ,of these warrants will
1949, $7,000 in 1950 and 1951, $7,be
greatly appreciated by the
500 in 1952 to 1954, $8,000 in 1955
State Treasurer's office.
and
1956, $8,5000 in 1957 and
Travis County (P. O. Austin),
1958, and $9,000 in 1959 and 1960.
Texas
The balance of $7,500 has been
J.
condition of defaults and deficits
their
P.
pected to relapse into their former
when
of
Monday, June 21, 1943
approval by Burcham & Blair of on June 17 at an average yield of
Spokane.
A certified check for 0.497%. Dated June 18, 1943 and
must accompany the bid.
due Sept. 17, 1943.
with
of
State Treasurer's office.
large
$100,000 per
year in some instances, have bal¬
anced their budgets for two or
more years."
as
representative
Out-of-State holders of such
municipalities
having
operate under its pro¬
up
to the end, of 1942.
Placing themselves under Chapter
300, some of the units which had
deficits,
State
session
to
been
warrants
special appropriation at the next
visions
heretofore
these
district to have them presented to
13
elected
a
of
make- arrangements
the General Claims Committee for.
of
Acts
and
refunding and/or by temporarily
improved
tax
collections,
but
have
shpuld
a
upon
1937, known as the
'cash basis budget act,' were fur¬
ther extended in 1942, 26 counties
prolongation of the burden of in¬
terest payments.
The situations
which have been placed on a cur¬
rent
basis merely by expedient
which
Possessors
the further adop¬
token basis,
of some forms of budget systems.
Of the 95 counties, 60 have some
form of budget system, although
only a few of the systems are
fully effective.
"Voluntary adoption of the pro¬
visions of Chapter 300 of the Pub¬
of refund¬
amount
reflected by
tion, at least
& FINANCIAL CHRONICLE
6-30
6-19
$1%
.
7-1
6-25
$1V4
6-30
6-23"
50c
6-30
6-21
$iy4
6-30
6-21
20c
6-30
6-23-
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4187
Volume -157
Ir'iO..-VSk Name of Company
Clinton Trust Co.,'(N. Y.) (increased) (quar.)
Coca-Cola
Bottling
class A
$2.50
'
35c
(quar-.)
Electric
Ohio
preferred
Connecticut
General
Extra
7-15
1
6-23
25c
7-
1
Vultee
Aircraft,
6-18
7-15
6-18
1
6-21
710-
1
9-
31V4C
(quar.)_
8-
prior preferred
Continental
Extra
Moneta
6-15
6-30
20c
(s-a)
—!_■
.
1
7-10
7-10
6-30
7-
Irregular
(reduced)
System,
25c
6-30
6-23
Nation
6-30
6-23
National Bond
Wide
& Tel.
(quar.)—
—
6-23
National
$iy2
7-
1
6-20
$1%
7-
1
6-20
National City-Bank (N.'Y;)!:(s-a)
National Fuel Gas Co. (quar.)—
7-
1
6-18*
National Power & Light, $6 preferred
6-15
--31
Newark Telephone, 6 7o
1
6-15
6-10
5-31
Cork
Crown
RR.
Delaware
class A
International,
Witt Hotel, Inc.
De
10c
(accum.)
(irregular)
(Chicago)
Co.; (s-a)
$1%
___
7-
$1
——_—
1
7-
50C
8-
2
7-20
75c
8-
2
7-20
Detroit Edison Co,
30c
7-15
6-28
Detroit River Tunnel
i
$4
Dodge Cork Co., Inc
Stock dividend
____________
7-
7-15
6-30
10c
_____
(quar.)—
7-15
15c
(s-a)_i
Stores
Home
6-12
6-10
7
■
6-30
6-17
(monthly)___________
25c
7% preferred (accum.)
Dun & Bradstreet, Inc., $6 preferred (quar.)
$5.25
7-
1
6-19
$l'/2
7-
Dominguez
Oil Fields
Dow
Co.,
Drug
—
1
6-30
6r21
RR.' (s-a)___^--__^-_—_
7-20
7-
Easy Washing Machine, 7% preferred (quar.)
WV2C
7-
2
t834c
7-
2
$134
7-
1
East
I
Texas
Sulphur Co.
Pennsylvania
7%
preferred
Eaton
Mfg.
<quar.)____
(accumulated)
Corp.,
$3.50
preferred
(accum.)
■v
Quarterly
Elizabeth
Empire Trust Co.
Gas
5%
(N. Y.)
7-
1
7-
6
6-25
75c
7-
1
$1V4
7-
1
—__
preferred (quar.)
"
!;
25c
6-29
6-21
5c
6-30
6-15
6-30
50C
7-
1
6-12
7-
1
6-12
,
convertible preferred A
< quar.)
$ 1V2
convertible preferred B
fquar.)
37'/2C
7-
Fidelity Fund Inc.
(quar.)
Filtrol
_
(California)—
Fireman's
Fund
Firestone
Tire
Ins.
Fran.)
Rubber—
&
6-30
6-28
6-18
75c
7-15
7-
6
37'/2C
7-20
7-
5
&
Electric
1
1
6-30
(quar.)______
$114
7-
1
6-18
Pond Creek Pocahontas Co.
preferred iquar.)_
5%-preferred (quar.)_____
7-
1
6-18
Port Orford Cedar Co.
$lJ/4
7-15
6-30
Potash
$134
7-
1
6-21
Providence
75c
7-
1
6-24
$5 preferred
Florida
(M. H.)
Power &
Light, $7 preferred
Fruit of the Loom $3 non-cum.
Fuller
Mig. Co.
Trust
Fulton
Fundamental
(N.
(reduced
Y.)
Co.
Light,
General
'
Investors
Certificates
Co.
40c
Oil Co.
Gleaner
Harvester
Grand
Prudential Investment
Class
87V2C
(quar.)_
1
7-20
Reed Drug,
6-30,c
7-
1
7-
1
...
6-20
6-18
6-20
6-
,6-30
1
9
v <
Carpets
Harding
80c
Hartford
Co.,
Gas
B
Class
Corp.
Hershey Creamery,
(quar.);—
Hardart
&
___.
6-25
6-14
6-25
6-14
7-
1
6-22
6-30
6-15
6-30
6-30
7-17
6-30
-
6-25
$ 134
7-
1
6-19
7-
1
6-19
6-30
6-18
Hudson's Bay Co., 5%
6-12
25c
8-
2
6-30
75c
6-25
6-15
7-
Tool,
vtc—
2
6-26
6-21
6-10
20c
7-30
6-29
50c
7-
6-21 ;
-i'30c
—_——
Pneumatic
—
1
5%
1——
Inc.
Iowa
$7
'$6
\
common—
(quar.)_
Coal
Co.,
preferred
$6
& Feiss
(E) Sons, common
preferred (quar.)-
Joseph
:
—
(Walter)
Co.;,
_•
La
& Co._
^
6-30
■%:7fl%■X:
Choate
Mfg.
.
common
4.8%.
•;
6-21
6-21 0:
1
6-21
3/5
7-
1
6-21
stock
1
6-25
7-
1
pfd.
6-25
v
rStock
dividend
share
——
A
(accum.)
1
6-18;
7-
1
6-18
Standard
7-
1
6-21
6-18
:
6-17 7'
6-11
7-
1
;
7-15
7-
50c
7-15
-Class
B
Standard
.67"
Ltd., class A
(quar.)
Screw,
common
—
6-30
3
I
7-15
6-30
7-15
6-30
7-
1
6-19
Stearns
Lebanon
50c
7-
1
6-24
5%
Lehman
Corp.
25c
6-30
6-23
25c
6-30
6-23
$134
7-
1
6-19
110c
8-
2
6-28
Leich
(Charles)
(quar.)
V/»
preferred
(quar.)__„__
Levy Brothers, Ltd. (interim)-———
Lima Cord Sole & Heel—s.
10c
6-25
6-10
40c
6-28
—
State Street
Investment
Stayton Oil Co.
,
Lynn Gas & Electric
25c
7-
1
,
(quar.)
.
' '-
•
■
■
■
L-.
."
'
J
:v"
.•
v
•'
.J
.
Stroock
Telluride
67o
—_____
(S.)
&
Co,
Co.
Power,
2nd
(quar.)
(Toronto)
(quar.)
77»
preferred
7% preferred
-
common
!—
(irregular)—,
Terry Steam Turbine,
r
•
Co.,
Superior Portland Cement,
,
r
v-
&
participating preferred
Superheater
6-11
$114
w
6-16
6-30
6-23
8-16
7-15
1
_1
(s-a)
.____
$3.30 class A
preferred
(quar.)„—
(s-a)_l—__.—
common (irregular)—
iquar.)
6-30
6-26
6-2G
7- 1
6-21 '
6-30
$iy2
$134
$114
$1
7- 2
7- 2
6-25
(special)—
Machine
6-23
6-23
6-22
7-2
6- 9
——C—V30c
—
Below
6-15
dends
6-15
preceding table.
6-29
7-15
/
6-30
6-26
6-26
6-19
6-19
in previous
The list does not include divi¬
this week, these being given in the
'
i
7-1
paid.
6-21
6-28*
1
6-23
6-30
6-30
6-22
6-30
:
Properties class
6-15
4%
$1
7-
1
Express
8-
1
(J.
6V2%
pfd.
Mfg.
Co.
(quar.
Addressograph-Multigraph
Aero
7-15
7-
1
Corp.
1
■
1
1
pfd. (quar.)
Agricultural Insurance (Watertown, N. Y.)—
(quar.)
—
6-15
Akron
Brass
Alabama
6%
'
Appliance
Electric
Air-Way
6-17
6-30
(quar.)_______—
Air Associates, Inc.-
6-17
7-
Co.
Inc.______l—
Mfg.'(quar.)
Great
Southern
RR.
Co.
ordinary.
participating preferred
Power, $7 preferred
_
Alabama
8-10
7-30
7-30
6-28
6-30
6-15
(quar.)
$6 preferred
(quar.)—_______
$5 preferred
(quar.).—~——
—
Albany & Susquehanna RR. (irregular)Alberts Super Markets 6% pfd. (quar.)
6% preferred (quar.)
—________—
6%
preferred (quar.)—
6% preferred (quar.)
Algoma Steel Corp., 5% pfd. (interim)
Allegheny Ludlum Steel—
_________
Allegheny & Western Ry. Co., gtd. (s-a)—
6-30
6-21
Allen Wales
6-23
6-15
8-25
7-23
7-15
6-30
6-30
6-22
7-
6-23
1
7-
2
6-19
8-
2
6-30
7-30
8-10
$1V2
$1
50c
75c
7-
1
6-15
7-
1
6-15
6-25
6-18
$1.20
10c
8-
1
7-15
7-
1
6-21
6-21
6-25
,
6-18
6-26
6-
$1
t$3'/4
15c
20c
25c
37'/ac
$1
30c
3c
7-13
7- 1
7- 2
6-29
6-18
6-15
6-30
6-15
t$l3/4
7- 2
5-31
75c
12y2c
10c
12V2c
$4y2
$4V2
$134
$iy2
7- 1
6-25
6-22
6-21
6-26
6-15
6-18
6-12 f
6-11
6-26
7- 1
7- 1
8- 2
7- l
6-1
6-11
6-11
7-16
6-15
,
$1V4
$3.70
$1V2 1
$iy2
$1V2
$iy2
$2V2
35c
$3
50c
$1
6% preferred (quar.)_——
$1V2
Allied Laboratories, Inc. (irregular)
—
15c
Allied Products Corp. common (quar.)——
50c
Class A (quar.)_
4334c
Allied Stores Corp., common-—,.——
15c
5%
preferred (quar.)—$1.25
AUis-Chalmers Mfg. Co.;
'
25c
Alpha Portland Cement Co.—______
—
25c
Altoona & Logan Valley Elec. Ry. Co
$2
Adding Machine, com.
Extra,
(quar.)__
!.!■!
———
—
1
6-21
6-30
6-22
7-31
6-30
7-
7-
1
6-15
7-10
6-21
7-10
6-21
6-30
7-
1
6%
Co.
Goods
Mfg.,
'.
Common
Common
(quar.),
4
50c
15c
25c
7-15
6-30
6-28
6-14
6-30
6-26
6-30
6-26
2
6-19
7%
preferred
7-
5
American Bank Note,
7-
1
6-15
American
Extra
6-
1
6-15
6-
8
5J4%
6-15
6-
8
Name
Brake
6-25
6-26
20c
50c
50c
50c
$13A
$l3/4
$134
$30c
50c
5c
30c
6-30
9-30
12-31
7-10
6-28
7- 1
6-29
$1.06y4
(quar.)—
—
Roof, 6% pfd. (quar.).—
7-15
6-15
7-1
—
——
common
(quar.)
American Asphalt
preferred
„
1
6-21
6-21
9-21
12-18
6-1
6-10
6-19
6-23
6-23
6-23
6-15
6-10%
6-10
6-30
6-17
6-10*6- 1 •
6- 5
-
Amalgamated Electric Corp., Ltd., (interim)
Amalgamated Leather,
6%
pfd.
(accum.)
Amalgamated Sugar Co. (quar.)
American Agricultural. Chemical (Del.)
American Airlines, $4.25 conv. pfd. (quar.)_
American Alliance Insurance (quar.).;
6%
6-
7- 1
10- 1
12-29
7-1
6-30 '
7- 1
6-30
6-30
6-30
7- 1
7- 1
7- 1
7-20
7- 1
6-30
7- 1
——-——
2
6-23
6-30
7- 1
10- 1
6-30
9-30
12-31
preferred (quar.)
7% preferred (quar.)
7-
1
6-5
7-15
20c
—
7-12
7-
7-1
$1.50
7%
4
6-5'
—
common
Aluminum, Manufactures,
6-19
9-
7-1
_______—
(quar.)—
preferred
Aluminum
6-19
9-
1
America—
of
(quar.)
9-15
7-
Aluminum
Common
9-15
6-22
6-18
7-10
7-
8
'
6-21
7-
Insurance
Fund,
Agnew-Surpass Shoe Stores; 7%
6-23
6-30
Life
Affiliated
6-23
6-30
Casualty & Surety Co. (quar.)
Aetnft
6-12
6-30
__________
Supply Mfg., class A (quar.)!———
Aetna
.".3.6- 9
7-
(accum)
Co
D.)
3-31
6- 8.
1
6-26
10c
6-22
$1%
Works
of Ree.
10-
40c
!
Glove
Adams
6-30
(quar.)
preferred (qu,ar.)_
Acme
Holders
Payable
30c
B__.
common
Extra
: When
share
Name of Company
Abbott Laboratories,
6-25
1
:
:
APW
6 19
7-10
'
6-22
1
announced
Per
6-22
7-
6-23
$1%
•
6-15
7-
6-30
$l7t
t$lJ/2
$1
25c
82 72c
$134
3c
-SI
y
give the dividends announced
we
weeks and not yet
7-
2
$3
u-19
6-25 '
7- 1
7- 1
7- 1
7-.1
(irreg.)
Inc.
7-
7-18
30c
.
6-22 '
7- 1
7- 1
7-15
7- 2
7- 2
7- 1
7- 1
—__
7
8-
$272
10c
f$1.52
75c
$10c
6-21
6-21"
6-15
6-22
6-17
7-20
Industries,
•
6-21'
$1V2
$1V2
12V2c
t$l%
JS1.20
$l!/2
15c
6-19
1
J$l%
f75c
15c
6-22
6-22
6-30
„
6-28
7-15
6-
*
7-14
6-21
6-21
7-
60c
—
iquar.)._—•__
(Frederick)
Sterling Trusts Corp.
6-21
6-30
•
(quar.)_______—__
,
6-21
—_____—
Long Island Safe Deposit (s-aI
Lux Clock Mfg.
(irregular)—
7---1
$1
$2
10c
$134
75c
15c
75c
$134
30c
30c
Worthington Pump & Machihery Corp.—
7% preferred A (accum.)$17.50
.6%, preferred B (accum.)____
$17.50
Young (J. S.) Co., common (quar.)_
$iy2
7% preferred (quar.)
____________
$134
6-15
7-
■
_!_
Extra
6c
__________
1
7-
40c
.Quarterly
!
(quar.)
Woodall
•; 6-19
—
!___
(quar.')
preferred
Winchepdon Electric Light & Power
7-
jlOc
(quar.)'!
preferred A " is-a)
75c
___
Radio
preferred
6-10
Standard Wholesale Phosphate & Acid Wks.—
6-19
25c
common
—____„
6-30
———
——
(quar.)
pfd.
$6
Gas,
1st
2nd
6-15
7-
held)
share
(quav.) _:
6-21
;•
common
7-
,6-30
25c
preferred
1
6-14
receive
will
Gas
Hamilton
each
Natural
Southwest
(N.:Y,) (quar.i
Steel & Iron (liquidating)
Class B
for
!
Corp
.(stockholders
of
(irregular)
Standard Chemical, Ltd. (irregular)
Standard Paper Mfg., 6% preferred (quar.)
Langendorf United Bakeries, class A (quar.)
'6 7c
1
7-
6-21
7-10 '
6-18*
6-18*
7- 1"
—
——_—
"
Lawyers Trust Co.
7-
6-30
7-20
6-28
6-28
7-15
8- 2
7- 1
6-30
6-30
7-15
7- 1
7- 1
7- 1
6-25
6-30
'
,
.
$1
30c
10c
10c
17V2c
Springs—
Willcox & Gibbs Sewing
Williams (R. C.) Co..
7-15
(quar.)
Sparks Withington Co.,
6-26
(quar.)
conv.
_____—
—
Consolidated
Southwest
1
7-
.
6%
preferred
7-
46c
(irreg.)
6-25
.
Mineral
5/i/
6-19
1
Southern Indiana Gas & Electric—
7-
$iy2
$1
;
37 y2 c
$i'/2 preferred (quar.)
1
7-
Ry., 5%
50c
,
1
7-
?
Rock
7%
6-21
7-
8-2
25C
preferred (quar.)
Plant
7-15
50c
_
6-28
+35c
$134
_____
_________
—
La Crosse Telephone Corp.,
■6%
6-25 "
$1V2
(quar.)
Kahn's
Kirsch
7-15
50c
Creek
Kidde
7-15^
$iy2
______
Common
'.7'k
6-21
8-16
$1%
_____
7-21
(quar.)—
common
preferred A (accum.)
preferred B (accumulated)—
Southeastern Telephone,-common —_—___
.67" convertible preferred (s-a)———
$1%
(quar.)
(quar.)
preferred
1st
Island
{
.
preferred
preferred
_i
6-30
IOC
(quar.)
Western Insurance Securities, 6% pfd. (quar.)
6-15
White
7-20
75c
A
Wheeling & Lake Erie Ry.
6-21
8- 2
30c
-
class
non-cum,
Adams
4-6%
siy4
—
Mills,
Products Co
Paper,
Sorg
6-21
-
3.0c
Inc.-—
Public Service Co.,
1st
$6.50
1
15c
Holdings, Ltd.
International Milling, 57c preferred
"C"
7-
$50c
(interim)
International
Fund
6-15
6-30
50c
Corp,—..
Rayon
Inland Investors,
Investors
$$1V4
*
Industrial
'.6%
6-15
7-
$174
—
preferred
Sonoco
Industrial
Acceptance Corp.—
convertible preferred (quar.)
6-30
6-30
—-—
1V4C
Incorporated Investors
Independent
.Common
Washington Title Insurance, common (quar.)
6-15
6-30
$174
50c
15c
62 72c
Selected American. Shares, Inc
18c
Seven-Up Bottling. (St. Louis), com. (quar.)
15c
57a% convertible preferred (s-a)__
55c
Shareholders Corp.
iquar.)"
5c
Shaw-Walker -Co., .5%- preferred (s-a)
$272
Shawinigan Water & Power iquar.)
t23c
Sheep Creek Gold Mines (quar.)
t4c
Shippers Car Line Corp., 5% pfd. iquar.)—
$174
Shuron Optical Co.
—35c
Simplex, Paper Corp.
5c
Simpson's Ltd., 6y2% preferred (accum.)—
$$ls/8
Sioux City Gas & Electric, 7% pfd. iquar.)—
$1%
Common
(increased
quar.)
3772c
Slcelly Oil Co.
75c
Sloane-Blabon Corp., 67* pfd. A (accum.)—
$3
7-15
$iy2
(quar.)
6-23
6-18
pfd. (quar.)—
Savannah Sugar Refining Corp. (quar.)
Seaboard Commercial Corp.r common (quar.)
57c.. preferred (quar.)
6-10
8-
Flour
Lawrence
Savannah & Atlanta
6-15
1
6-15
preferred (quar.)
Saguenay Power. Ltd., 5y2% preferred (quar.)
..
6-15
1
Fund
6-15
common
—
1
7-15
—
(quar.)
!.
St. Lawrence Paper Mills, 6% pfd. (accum.)
St. Louis National Stockyards-——^
7-
Foundation
6-23
7-
6-16
2 y2 7o
Income
7-15
7-
conv.
1
Consolidated Petroleum (s-a)—!—
Railway Light Heat & Power Co.—
6-30
12 '/2C
(s-a)_—__
6-16
7-
St.
$1
Hydro-Electric Securities Corp.—
5% preferred class B (s-a)—
Imperial Paper & Color Corp...
_________
Imperialle Fuels, 6 %• partic. preferred (s-a)
7-
$3
10c
6-16
75c
(quar.)_,—
6-19
70c
Tobacco,
6-30
preferred%(accumulated)—
6-30
Howell Electric Motors
preference
______
Ryan
30c
____
(N. J.)
6-19
7-
St. Joseph
—
Baking
7-
Mills—
Cotton
River
Dan
,6%;
(Fort Wayne, Ind.)—
(quar.)
preferred (s-a) {
l'k
Horn
&
6-15
834c
—
& Tel.
Tel.
Common
obligations
■77»
Leaf
7-15
834c
25c
$1.37 72
20c
$3
$3
$3
Engineering-—________
6-15
$3 V2
—
Home
&
6-17
50c
Extra
________
7% preferred (s-a)___
—
Higgins Industries, 6% preferred (quar.)
Highway Safety Appliance, class A fquar.)__
Home Dairy (Mich.)
$2 class A (accum.)
6-19
$2
$lJ/2
20c
7V2c
non-voting
57«
Stocky'ards,
pfd. (quar.)
(quar.)__
%;8% preferred (quar.)____________________
Vlcheck Tool Co., common "(irregular)——
;7% preferred (quar.)
Wabash-Harrison Corp.
< irregular)———^
Wagner Baking, common vtc
—
v$3 2nd preferred (quar.)—___
,7% preferred (quar.)
Waialu Agricultural Co
Walworth Co., 6% preferred (s-a)___
6-19
7-
—
S.
Universal
6-30
6-30
.
(accumulated)
preferred
Plywood Corp.
United
7-
Securities—
International
7-15
v
68%c
(quar.)
preferred (quar.)__
Wentworth Mfg. Co.. (irregular)
West Kootenay Power & Lt„ 7% pfd. iquar)
Western Assurance (Ontario) 12% pfd. (s-a)
15c
50c
Sl'A
50c
—
2
50c
«,%■
■
_•
6-25
25c
—
.
25c
6-25
7-
50c
—
(s-a)
common
common
Electric
Riverside
6-25*
7-1
25c
(quar.
Motors
6-15
10c
3c
—
50c
preferred (quar.)
Hendey Machine, $2 class A (quar.)_——
Hercules
(irregular)
50c
8%
6-15
1
preferred
Sugar Corp., common
v6.4% partic. preferred (participating)—.,..
6-21
7-
S.
U.
6-19
&
1st
U.
$3
50c
(quar.)
15c
$10c
(quar.)
common
6-19
6-25
S.
$5
convertible
7-15
5- 7
6-18
6-18
6-21
6-30'
6-19
7- 1
7- 1
7- 1
$l'/2
pfd. (quar.)
10c
17V2c
(monthly)^
5%' pfd.
$ 1V4
—:
(s-ai—
Hainischfeger,Corp. (quar.) ————_______
Hanis-Seybold-Potter, $5 preferred (quar.)
1
U.
6-19
7-
40c
J'25c
A-(quar.—
Dividend
7-15
—
1
5Vz7o
6-30
7-
U. S. & Foreign Securities, $6 1st
U. S. Hoffman Machinery—
6-19
common
Common
6-21
2
(quar.)
7-15
25c
50c
Reynolds Metals, 5preferred (quar.)—
Rhinelander Paper Co.
Richmond Fredericksburg & Potomac, common
6-23
6-30
Class
Reliance
6-25
8-
A
xl.
$1V2
8%.
6-30
1
50c
class
J., 67c "pfd.
& Timber
Puget Sound Pulp
6-19
50c
(quar.)
6-23
—
preferred (quar.i
—
Reading Gas Co. (Pa.) (s-al__—_
Reece Button Hole Machine (irregular)
<H. L.t
Cooperage,
6-23
25c
$$1V2
$134
$1V2
$1V4
91 3/5c
$1)4
—_
Pyle-National.' Co.,;
Green
Bros.
6-16
7-
1
_—
6-12
1
Great
Greif
7-
(Bait.)-—
6-19
7-
6-15
$2
7-
25C
5C
7-
(monthly)
preferred
;
5-15
50c
6-30
25C
______
________________
6-
.
6-23
1
—
—'
Public Service of Oklahoma,
7-
f 7-
1
—
(irregular.)
Corp.
Public Service of N.
6c
6-30
8-
7-
_____—
Finance
(quar.)
6-30
Rapids Varnish (resumed & reduced)
Lakes Steamship ______—
Co.
A
G-19
50c
_j—
Corp
Personal
Prudential
6-30 -•
20c
7-10
-
(monthly)
53c
6.36%
preferred
(monthly) ___—53c
6.36%
preferred
(monthly) _!.i—
!
53c
6%
preferred (monthly)'__!_
50c
6%
preferred (monthly)'___:
50c
6% preferred (monthly)
50c
United Molasses Co., Ltd.—
0
Amer, deposit rets, for ordinary regis, final 10 7/lOc
United Milk Products, common
50c
$3 participating preferred—$1V4
United Printers & Publishers, $2 pfd. iquar.)
50c
U. S. Fidelity & Guaranty Co. (Bait.) ______
25c
•'Extra —
25c
6-15
2
8-
40c
_____
Co., $3.50 preferred
Gilmcre
3
(Mass.)—
preferred (s-a)______
6-30
7-15
7-
—
7-15
7-
8-16;
9-15
7-15
8-16
9-15 %
7-15
8-16"
9-15
7-
is-a)„T_——
6-30
$134
(quar.)————.
Gilbert (A. C.)
1
Bldg.
7-15
beneficial-interest_!!!___!
of
General Shoe Co.,
Gibson Art
6-21
25c
_________________
Trust
6-21 '
7-
$2 y2
______
(quar.)
7-
6-30
—
(irregular)—!
$3
_________
9-1
10- 1
8- 2
9-1
10- 1
8- 2
9- 1
10- 1
40c
of America ____"_
Co.
50c
_
preferred (s-a>
preferred
7-23
(irregular)
common
58V3C
58Vac
6.36%
6-17
Common' ——1„—_*_
20c
Investors, Inc.
General Fireptoofing Co., common
7%
$1
•
$iy2
quar.)__
preferred
6-24
Ltd.) 7% pfd. (quar.)
Pneumatic Scale Corp.,
10c
pfd, (accum.)
(Kalazamoo, Mich.)— ____!_
Co.
Garlock Packing
Gardner Electric
5%
(quar.)
$3 class A iquar.t_
Forbes & Wallace,
r
$1
preferred (monthly)
7%
(Del.)—
Co.
10c
Providence Gas Co
Brothers,
7%
6-17
Pittsburgh Screw & Bolt
6-24 '
6-30
6-26
Extra
7-
non-cummulative
:--•-
6-15
6-24
(quar.)——
7-
$4
:
7-15
7-
(interim)—*
25c
Fishman
BU---
7-1
50c.
(Phila.)
Granting Annuities
$20
Fisher
7-20
7-20
7-15
—
7-15
6-23
(quar.)————
Peoples Credit Securities, Ltd.
Full Fashion, Mills
"
6-30 '
8- 1
8-1
class A (quar.)
6-23
,8- 2
7-
Pilot
6-15
7-15
10c
Gas
(quar.>_____—
(N. Y.)
6-22
tlOc
15c
10c
___:
59V3C
75c
————————
First National Bank of Mount Vernon iquar.)
First National Bank
6-29
Light & Railways
Pennsylvania Co. for Insurances on Lives &
6-30
(quar.)
preferred (quar.)
6%
6-26 V
75c
Co.
preferred (monthly)
50c
Omar, Inc., common
6-18
7-10
7-10
15c
_______
:
7 >,
6-19
7%
$134
Pacific
6-25
15c
;i—__
(San
-
6-21
6-23
United
•;
.
:
7- 1
7- 1
7%
United Fruit Co.
6-30
■
7-
(quar.).,
6-12
80c
________
Co.
preferred
^
6-30
•.,»
pfd. (accum.)
$3V2
(quar.)$1
is-a)
6-30i
7-15■
7-15
Co.
1
20c
________________
Fidelity-Phoenix Fire Insurance (s-a)
Extra
6-25
25c
37 y2c
$ll/2
6-30
s ;
,
6-24
6-21
7-15
5-31
•
6-24
;?
6-30
Class
6-23
Spring (qpar..)
—
Nova Scotia Light & Power.f(quar.)___:
Ohio Public Service,;7% preferred (quar.)—
67e preferred iquar.)——
v5%' preferred (quar.)————
5xk7o
pfd. (div. for two months period)
Ohio Service Holding Corp., $5 non-cum. pfd.
Old Colony Trust Associates—
1st Series trust shares •iquar;)'—.'-————
'
8
It- 1
(interim)—12V2c
6-21
7- 1
7-
50c
Drill
United Drill & Tool,
35c
1-
6-30
6-30
$1
.
7- 2
(Ontario)
Y.)
United Bond & Share, Ltd.
6-30
Northwestern States Portland Cement (quar.)
6-22
75c
Equitable Investment Corp. (Mass.) (irreg.)
Equity Fund
•_
F. R. Publishing Corp
Family Loan Society, common (increased)..-
v
6-19
1
$2'/2
(quar.)__^_______
(quar.)
7-
7 7c
6-
>
:f$i
Ltd.
(N.
Trust
Twist
Union
%
6-22
6-10
iquar.)
1
75c
_______
Co.
City Rapid Transit,
Underwriters
6-15
;
7-10
No-Sag
(quar,)——
Endicott Johnson Corp., common
6-10
6-25:%
6-30
20C
•______
Consolidated
6-10
6-18
25c
Economy Grocery Stores Corp. (quar.) —U—
Electrical Products Consolidated (Seattle) —
1
1
7-15
$2
Oil
Texas
Mfg.
6-20
iNew Orleans)—-
Twin
(irregular)—75c
Northeastern Water & Electric (stock div.)
100%
Northern States Pow."(Minn.) $5 pfd. (quar.)
$1(4
Northland Greyhound Lines, com. (irreg.)—
75c
$6ft preferred (quar.).:—1__$1%
Northwestern Elec. Co., 67> orig. pfd. (quar.)
$1V2
& Judd
North
6-24
25c
$l'/2
Duval
i
Central
North
!
7-1
$1V2
(s-a)
6-19
(quar.)
preferred (quar.) —
-Classv!B-' ———-.i-iiv'™--—
6 '/af prior' preferred (quar.)___——
5-25
75%
6-19
Minnesota
6-30
6-15
preferred (quar.)__
___—__—
New Park Mining,^irregular)—.———
3c
Newport Electric (R.I) 6 'M preferred (quar.)
$lVs>
Niagara Wire Weaving (quar.)—+25c
North American'Rayon, class A—50c
•;
1
Trusts & Guarantee CO..
7-15
—
common
7-
6-19
7-
•$7
.
6-19
—25c
7-15
2
New Orleans Public Service,
$2
1
2
8-
6-23 '
7-
.: 7-1
$1%
50c
25c
$172
$1V2
(quar.)—
preferred
Co.,: $7
Common
Pelta Air Corp.
Dennison Mfg. Co., 8% debentures (quar.)__
;
$6 convertible prior preferred (quar.)_—
Dixie
,
of Rec.
1
_____________
Shipbuilding
Holders
7-
lOc
of
Co.
When
Payable
$1V2
To'rrington Co. „___——'
;
;
40c
Traders Bldg. Association (quar,U1
9 '
6-
—-
Casket
Insurance
Toledo
(quar.)
common
(irregular)
6-26
6-15
10c
3c
lV2c
15c
(Colo.)
& Share
$l'/2
____
preferred
$6
Title & Mortgage Guar. Co.
6-15
2
7-
Inc.,
Service,
preferred (quar.)
Title
6-21
6-25
50c
$l!/a
(quar.)_______
Series B__„
common
Securities
Courier-Post Co.,
preferred (accum.)
(4%
6-30
6-28
Electric
'
!
prior preferred (quar.)______-___-___
Corroon & Reynolds, $6 preferred A (accum.)
Cottrell (C. B.) & Sons, 6% preferred (quar.)
7%
7-15
$l'/a
'
—
$1%
______
6-22
$1V2
+2c
preferred (quar.)
Mutual Investment Fund, Inc
Mutual
7%
1
Virginia (Richmond)—
Mountain States Tel.
Continental Rolling & Steel Foundry—
Common
Textiles
25c
—
(quar.)
Morris Plan Co, of California
8-20
80c
$134-
—.
6-30
2c
Porcupine" Mines
Morris Plan Bank of
(quar.)
Insurance
Cement '.
Missouri Power & Light, $6
6
Continental Gas & Electric—
'7%.
7-15
&
Portland
Missouri
9-18
1
8-16
50c
common—
convertible preferred
$1.25
7-15
12'/2C
common.
' Common
Consolidated
;
t75c
12 »/2c
Stores,
6-21
'
t50c
(s-a)
________
—
Consolidated Retail
•
2
7-
<quar.)____
Insurance-'(quar.)
Consolidated Mining & Smelting (Can.)
.
1
8-
$2
Trust
Life
6-15
7-
$1.62
_______—_—___
&
Texas
7-
Per
share
Name of Company
-
6-30
50c
Manischewitz (B.) Co.
:
$1
Mascot Oil ,——Jc
McManus Petroleums, Ltd., partic. pfd. (s-a)
t30c
Medford Corporation
"_
—_
$lJ/2
Mississippi Power & Light, $6 pfd. (quar.)
$1V2
Missouri Edison Co., $7 preferred (quar.)„
$134
(R.
:t
7-15
Drilling-————-!--——C.). Co., $2'frclass A pfd. (quar.)—
Mackinnie ..Oil
.-..'v:
of Rec.
35c
Co.," common
preferred (quar!)
Mahon
$iy2
(quar.)
Bank
6-15
1
Co.—
preferred (quar.)
6%
GVz %
Commercial Natl.
7-
62'/2C
Holders
When
Payable
$l'/2
Forbes
MacAndrews &
6%
_—
Per
share
Name o} Company
6-18
1
7-
V
-r'' 'v'
of Rec.
Payable
(Delaware)—
Southern
&
Columbus
Holders
When
Per
share
%
»;
2307
Shoe. Co.,
7-15
7-15
7-15
9-16*
6-15
9-15
12-15
6-15
9-15
12-15
common
(quar.)
preferred (quar.)
—
recently changed from Amer. Brake
•
7- 1
6-18
6-30
15c
_______—
•
6-10
6-18
6-16
6-15
7- 1
6-10
75c
common
(quar.)__:
__________
25c
$iy2
6-10 y
6-16*
7- 1
6-10
25c
15c
6-30
6-30
6-18
6-18
$1.3114
6-30
Shoe & Fdy. Co.
.
6-18 v
THE COMMERCIAL & FINANCIAL CHRONICLE
2308
Holders
Per
thare
Name of Company
American Can Co.,
7%
Capital Corp, $3 pfd.
American
Cast
American
Pipe 6 %
(accum.)
pfd. (s-a)
pfd.
American
Class
5%
(quar.)
B
Co.,
(quar.)
,
District
Common
7%
class A
(quar.)—
"
American
Export
American
Felt
American
Gas
&
_
Electric, 4%%
Hair &
1st
.7%
pfd.
(quar.)
common—1
American
Hide &
Leather, 6%
Home Products
American
Insulator Corp.,
pfd. (quar.)_ "
(monthly)
(quar.)—;
American
Investment Co.
of
Machine
Machine
American
Manufacturing
preferred (quar.)
5%
American
—
Public
American
4(4%
preferred
conv.
American
Screw
Co.
Stamping
American
States Insurance
preferred
American
Zinc
conv.
Wharf
7-
1
6-30
Bower
Roller
& Sons
1
6-25
Bralorne
9-25
6-15
12-15
6-21
6-30
6-28
6-15
7-15
6-31
7-
prior
6-18
6-14
7-
1
6-10
7-
$1(4
y
___
1
1
6-10 v
6-30
Arts
2
6-
5*
7-
1
6-
4
%t!-
'7-
Arnold
1
Metal
_
___
—
2
7-16
7-
6
6-19
Building
(quar.)
Works
Extra
7- 6
6-19
6-28
6-
Bulova
8
7-i5
b-30
1
6-16
6-25
6-11
Associated
•',7%
Associated
7%
5%
common)--—
preferred
6%
6-15
Butler
6-26
California
Bank
$1(4
7-
1
6-15
California
Ink
$1%
7-1
6-15
Camden
6-23
6-28
6-14
Line
Coast
line
$2.50
6%
1st
pfd.
6-
1
$$1%
conv.
Automatic
Automobile
pfd.
RR
Avondale
$1(4
6-30
6-22
6-
$2'4
5
2
6-30
8-
$2(4
—
7-
1
6-11
7-
1
6-11
$1(4
i
(quar.)
7-
1
6-11
$1(4
6-28
6-
6-30
6-
4
62(4c
8-
62(4c
8-
2
6
6-18
25c
_i._
7-
1
6-21
7-
1
6-
preferred
(quar.)
preferred Class A
37(4c
6-30
7c
(accum.)
clears all
7-
Common
.
8-
1
Works
the
New
of
Bank
of
Bankers
Nova
6%
pfd.
Barber & Ellis Co.
preferred
(W.
Beatrice
$5
D.)
&
of Canada,
7%
pfd.
(s-a)
(quar.):
(quar.)
Creamery Co.,
preferred (quar.)
6-
$$2
7-
2
6-15
$$1.25
7-
1
6-
6-15
7-15
1
6-15
6-15
$5c
7-
1
6-15
Concord Gas Co., 7% pid.
Conde
Nast
Publications
(quar.)
7-1
6-15
Confederation Life Association
7-
$15c
'
1
Canadian
—....
class A
common
._
__
(accum.)
iquar.)____
(quar.)
6-15
$$1 (4
(interim)
(quar.)__
20c
7-
1
6-19
7-
1
6-
$1V2
7-
1
6-10
5
$3
preferred
Capital
Carey
A
Transit
(quar,)__
$1(4
6-10
6-30
6-15
6-15
6-17*
6-18
Carolina,
7-
1
6-15
Carolina
6-
Carolina
6-30
t$l34
6-
7-
35c
6-11
1
5
7-15
$134
6-30
7-
6-15
7-
1
1
.
4%
1st
preferred
Power
&
&
Ry.
Light, $6 pfd.
&
6%
Case
preferred B
(J.
6-15
7%
6-30
6-21
7-
1
5%
7-
6-11
7%
$1(4
7-
1
1
6-11
/
Co.,
(quar.)
7%
prior
preferred
$1(4
7-1
6-8
7- 1
6-20
7-
1
6-20
>y 7-
.
$2
1
6-20
6-30
6-10
$1(4
$1(4
$1(4
8-15
8-15
8-15
7-20
7-20
7-20
+5c
110c
7-15
6-30
75c
6-30
6- 9
$1.06(4
6-30
6- 9
7-15
6-30
'
$1.06(4
10c
6-30
7-
1
6-30
,
6-10*
6-15
30c
6-30
6-4
4c
7- 1
6-14
$1(4
6-30
6-15
$1%
(quar.)__
7- 1
6-11
7- 1
6-11
(quar.)___
(quar.)
Film
preferred
Consolidated
(quar.)
Co.
of
N.
'
—
Consolidated
6-10
6-25
6-23
6-1
8- 2
6-30
25c
7-
1
6-10
90c
7-
1
6-15
$1.12(4
7-
1
6-15
7-
1
6-15
$1(4
&
Power
_________
■„
$1
-
.
(Boston)—
30c
6-30
6-15
2
7-15
Consolidated Laundries
Corp.—
(quar.)™
Consolidated Retail Stores, Inc.—
8V0
preferred
preferred
$1.87(4
(quar.)
$1.75
preferred
•; Consumers
(quar.)
Gas Co.
Power &
(Toronto)
preferred
Continental
(initial)
__
Assurance
Continental
Motors
6-14
Continental
Oil
6-23
Continental
Steel
6-15
6-15
7-
1
50c
6-15
6-26
$1(4
6-11
1
-6-19
7-
$$2
7-
1
6-15
$1(4
7-
1
6-11
$1V4
7-
1
6-11
6-14
1
1
6-19
9-18
1
(quar.)__
(quar.)!
Baking
1
1
7-
$4.50 pfd. (quar.)
Consumers Power Co.,
$5
Paper (quar.)_
preferred
710-
43%c
common.....
$2
$2
Corp.,
Water
8-
25c
—
8% preferred (quar.)
7-
6-15
y 6- 5
7- 1
y
Bank & Trust
6-15
7- 1
(quar.)__
Trust
Continental
6-12
6-15
55c
$20c
;
(quar.)—
Investment
Continental
7-1
5-12
7- 1
10c
(quar.)
6-19
7-1
6-30
-1
Light
(quar.)
7-10
7-,l
•"
$1%
$l3/4
preferred class B
preferred class C
6-30
.
(Chicago)
Co.,
8%
(quar.)
pfd.
(quar.)
(N. Y.)
(quar.)
Corp
6-30
6-15
$2
7-
1
6-18*
20c
50c
7-
1
6-18
•
15c
6-25
6-
4
25c
6-28
6-
7
20c
7-
1
6-15
preferred (quar.)™_!—$1%
Continental Telephone Co., 6(4 % pfd.
(quar*.)
$1.62(4
7%, preferred (quar.)___™_™___™___
$1.75
Cooper-Bessemer Corp,, $3 prior pfd. (quar.)
75c
7-
1
6-15
Co.
(Del.)
Corp.,
________—__—__
com.
(quar.)__
7%
7- 1
6-15
7-
1
6-15
7-
1
6-17
7-
1
6-19
,'
Conner
1
6-14
6(4% preferred (accum.)
Craddock-Terry Shoe, 5% 1st pfd.
$2(4
6-30
1-
.
6-12
6-14
7-
;
7- 1
6-30
-
.
$1'4
$134
common
7-
$1(4
50c
(Baltimore)
1
•
.
60c
.___
Electric
Co.
1
,
$6c
6-30
Industries—
7-
$2
9-25
12-24
_______
(accumulated)
Gas,
7-
,$1(4 "... 7- 1
9-30
12-31
Y.——
Consolidation Coal; new
6-19
$$1(4
$$1(4
—
(quar.)
Consolidated
8
7-30
6-15
75c
—-
—
(irregular)
6-21
6-21
6-11
6-30
—
(irregular)
6-18
6-21
(Ontario)
com.
6-14
6-
1
50c
Bakeries of Canada
pieferred
4%
7-
8-16
Gas & Coke Securities—
Consolidated
$2
$1%
75c
Mines, Ltd. (interim)
(quar.)
Connecticut Light & Power,
$5
$1(4
preferred
'7-20
$1(4
(irregular)$3
preferred (quar.)
Corp. of America, common
prior preferred (quar.)
2pd preferred
$3
Consolidated Steel
6-30
25c
(quar.)_:
6-17
6-30
50c
:
(quar.)__
(quar.)—
6-11
6-19
1
7- 2
.
,
$134
Telegraph
common
6- 8
$$1(4
6-30
$1(4,
$2c
Celanese
7-15
I.)
6-22
6-30
(quar.)^
—
7-1
.,
$1(4.
(quar.)
Telephone
6-12
(irregular)
.1
7-1
15c
$1
Ohio
1
7-
'50c
(quar.)
Carthage Mills, common....
6% preferred A (quar.)_A
$1
*
Quarterly
Quarterly
Quarterly
$7.50
6-30
75c.
.
:
r
6-16
'
,
(quar.)__
7
'7-
; 1
-
:
Clinchiieid
preferred
$80c
25c
-
..
7
7-
'
.
$1(4
(quar.)
_____;
Quartz Mines (quar.)
Carnation Co., common (s-a)
f
6-18
7-
;;7- 1
.
$37J4c.
.
preferred
1
6
5-31
:
,
(quar.)
Co., Ltd.—
4
(quar.)
5%
7-
5
A
Cariboo Gold
6-30
6-30
7-21
50c
(Philip) Mfg., common
preferred (quar.)
7-
6-30
5-
7-21
v
$50c
•
class
:_
preferred
Co
6-30
6-30
$$1
(quar.)
6%
1
7- 1
,
$$1
.
Administration
$2(4
„$$2
class A-;.
Boxes,
Capital
6%
% 6-30
•
4
y
•
!
Co.,
7-31.
7-15
•y
$2c
$37(4c
(Accumulated)
6-12
6-30
(accum.)_
4%
preferred
Westinghouse Co.
Oil
v
$$1%
-
Mines
(quar.)
Wirebound
7- 1
y) 7- 1
,
Consolidated Edison
$$1
B
class A
6-12
$5.55
—
(quar.)
Consolidated Biscuit Co.
6-15
7V2c
6-22
preferred
preferred
6-12
6-30
6-30
6-15
7-10
$7
6- 4
Mills Co,
6 (4c
1
$53c
$6
7-31
Canfield
$1
5-15
1
7- 1
7-1
$1.50,
6-23
6-12
-y' 7- 1
$1.50
(final).
1
$$2
Canadian Wallpaper Mfrs.,
Class B
6-18
1
k
7-
$$1(4
Products—
6-11
7-
(quar.)
com.
7-
Canadian General Electric (quar.)
Canadian Industries, Ltd., class A
Silk
y
75c
7-
Consolidated
Canadian
1
75c
prefer, (quar.)
$85c
$12(4c
$25c
:
6- 4
8%
6-25
7-
6-30
(quar.)______i_i_
(quar.)_____
Water, 5 (4% pfd.
& Light—
<quar.)__.
>
6-
Cos.,
6-15
50c
Commonwealth Investment Co. (Del.) (quar.)
Commonwealth Loan (Indianapolis) —
7- 2
Gold
7-1
75c
7- 2 •V
preferred
6-15
7-15
50c
Shearing 8s Stamping
Commercial Solvents Corp.
preferred
7-1
6-25
$1%
Commercial
Commonwealth
6-18
$1.06(4
preferred
$$1(4 ,>■
t$2: T
Cannon
>
4
6-18
6-30
75c
(quar.)
Connecticut
6-30
$1.20
convertible
5%
,
6-15
6-30
$1%
—
common
common
Coniaurum
6-19
7-
1
Co.,
6-15
7-15
40c
;
Sons,
2
6-15
1
7-
30c
(quar.)____y_________^____
6-15
$7
i_
Bath Iron Works
Beath
7-
7- 1
50c
Arms
6-15
Oil
Corp.—
(N. Y.)_„
common
6-19
6-15
$1%
Fire
6-30
t$2(4
____________—_________
Co.
7-15
6-19
$1V2
6-30
20c
(quar.)—————.
Trust
6-19
1
1
$1(4
y'
6-30
$3(4
...
;
(quar.)
(quar.)
Investing
Cquar.)
Bastian-Blessing,
$5(4
Co.
(quar.)
Scotia
National
Common
Bankers
York
7-26
77-
*
(Boston)
$25c
$25c
6-25
$l3/4*
(quar.)
Manhattan
$4(4
5-20
6-15
25c
common
Credit
Common
6-15
6-21
$1(4
(quar.)
$$1%
75c
(quar.).
preferred
Bank of
Bank
6-10
$15c
$$1%
participating preferred (quar.)
Canadian Cottons, common (quar.)__
20c
(irregular)
6-10
6-30
IV2C
convertible preferred (quar.)___
Commercial Investment Trust—
6-14
Extra
Canadian
6-21
6-25
6-30
6-20
30c
('4%
6-30
6-11
$3
preferred.
6-28
1
7- 1
6-30
50c
Alcohols, Ltd.,
Commercial
4
7-
;
15c
(quar.)
Commercial
8%
6-17
6-17
6-17
75c
y;
Corp.,
Electric, 5%
preferred (quar.)
A (quar.)
pfd.
6-29
$1%
(quar.)
cum.
6%
6-29
6-29
25c
(quar.)
___i™
(N. Y.)__
7%
Class
$2
6-18
6-11
$1%
Gas &
$50c
$5c
$114
Bank of Am. Natl. Trust & Savings Assn.—
Common
(s-a)
conv.
6-10
5-26
Foundry Co., Ltd.—
participating preferred (quar.)
Canadian
Celanese, common
(quar.)
6-19
1
7-
50c
—
;
...
$2
1
$2.10
Canadian
■
preferred
7-
6-21
$$1(4
$$1(4
wanadian Car &
Malartic
\
BancOhio Corp. (quar.)
Bangor & Aroostook RR., 5% pfd. (accum.)
Bangor Hydro Electric, 6% pfd. (quar.)
1st
6-10
(quar.)
preferred
conv.
Canadian
6-30
$26.25
$20.80
arrears.
Badger Paper Mills, Inc. (quar.)
Baldwin Co., 6% pfd. A (quar.)—.:
7%
1
-
5
(
Locomotive
7-
Loan
Patent
6%
8-16
11-15
7- 1
6-15
$1(4
(s-a)
pfd.
$7
6-8
1
Commonwealth Water
preferred
Participating
7%
...
Fisher Tobacco Co., 6% pfd.
(accum.)
dividend clears all arrears.
Baldwin
6-15
6-10
.
(Hartford, Conn.)
_.
6-10
1
1
.
7-
7-1
25c
(irregular)
6-21
,
12-
,85c
Corp.—
preferred (quar.)
.___—y
Canadian Foreign Investment 8% pfd. (quar.)
1
"
$1
7c
dividend
convertible
$1(4
$1(4
6%
2
11-
75c;
Mills, common
This
Columbia
Breweries, Ltd.—
60c non-cum.
2
$1(4
Co.—
—
Colt's
6-25
Participating
_;
(irregularis
& Sons, 6%
6-11
6-21*
$30c
Canadian Canners, common (quar.)
5% 1st preference (quar.)
;_____
6-25
7-10
25c
$3.40
6-15
6-24
9-1
Light, $5 pfd. (quar.)
International
B
$$1(4
s
Coal
Ice,
pfd.
1
Permanent
37(4c
$6
1
7-
'
7- 1
$4
$1(4
Tel. .(quar.)
Warehouse (irregular) __
Bottling
Collateral
Colonial
:
1
7-
.
9-15
(quar.)___
preferred
7-
$$1
6-12 :(
$4(4
7-
(quar.)
Canadian
This
$3.20
(accum.)__
8-13
———
(quar.)
Machine
pfd.
6-12
Common
Axton
8-13
6-11
-t62'4c
:
1
___
(Conn)
Insurance Co.
Quarterly
Avery (B. F.)
1
9-
6-15
50c
—;
6-30
'
$1%
pfd. A (quar.)——
$3 preferred (quar.)
Voting
5-31
9-
$1(4
(
4%
Autocar Co.,
1
6-10
1
6-15
75c
Canada Cycle & Motor, common (quar.)
5% s. f. 1st preference (quar.)____;
Ltd.
2
6-28
6-15
tlOc
Canada Machinery Corp., Ltd. (interim (____
Canada Northern Power, common (quar.)
7% preferred (quar.)___^
;
Packers,
77-
6-19
6-16
6-19
Bell
Lamp & Stove
Colgate-Palmolive-Peet—
7-
(s-a)_
(quar.)
6(4%
1
6-18
1
20c
A
-50c
■
Ry.
Class
$1(4
(resumedl)
(quar.)
B
Co.,
7-
y
7- 1
7-15
7.
7-1
Coleman
31(41
■'
—
Co.
com.
1
75c
(quar.)_
Mortgage (quar.)
Canada Steamship
Lines, Inc.—
5% preferred (quar.)
;
(reduced)
(s-a)
7-
$2(4
preference
Refining
6-30
Co.
Co.,
>■■}:'
<7-
•
75c
10-15
_y
Coca-Cola
1 i h 6-21
tl5c-
(s-a)
37(4c
(quar.)
_.
com.
(irregular)
Corp.. $2.50 prior pref (quar.)
Rayon
prior
Atlantic
1
Ang.)
Burlington
Cement
Canada
6%
Coast
6-
Canada
—-
Atlantic
6-11
6-30
5-31
(s-a)
Atlantic
Atlantic
6-21
6-30
(quar.)
Light,
7-15
—
$20c
J25c
—_
Birmingham & Coast RR—
(s-a)————4'
Gas
&
Bread
preferred
conv.
(Los
preferred
of Canada, com. (quar.)
preferred
Atlanta
6%
6-21
—
preferred
100%
5%
H.),
preferred B
6-30
5% non-cumulative preferred
Athey Truss Wheel Co.
5%
5%
10c
quar.)
4
Astor Financial Corp., 75c cum. 1st
pfd. (s-a)
Atchison, Topeka & Santa Fe Ry. Co.—
5%
(P.
6-19
I
<6-15
6-30 »1c. 6- 4
(resumed)20c
;
6-18
$1%
Co., common (quar.)___
$3 preferred class A (s-a)
7_
$1.40
(quar.)__A_-___
pfd. (accum.) _a-
common
6-15
6-18
Coca-Cola
70c
6-16
1
!
Coca-Cola
7-
6-19
6-30 '
1
Cluett Peabody & Co., common (interim)
7% preferred (quar.)
50c
;
(quar.)_____
1
(quar.)——
pfd.
Atlanta
preferred
6-30
tlOc
Investment,
Ltd.
6-21
15c
(quar,)——
Co.,
Co.,
6-15
1
6-21
6-30
$1.25
6-15
7-
6-21
1
7-
4
6-30
(quar.)
6-15
"
7- 1
'
25c
1
y
6-4
6-
7-
—
Clinton Water Works, 7%
pfd.
Clorex Chemical Co. (quar.)
>
•
(quar.)__
.
Bldgs., 7%
7-
—
______
com.
Dry Goods,
2nd
in
Steel
8
50c
(accum.)
Terminal
Canada
(quar.)
Breweries
Associates
Burlington
15c
(quar.)
preferred
$2.80 preferred
Terminal
1
■
8*
6-28
6-28
$134
1
tl5c
Bush
7-
'
___!___
Bush
12 (4c
——
Co.—
(quar.)
Burdine's Inc., $2.80 preferred
Extra
6-17
6-30
7-
6-
7-
.,
■$ 7-
$134
6-20
6- 8*
50c
'
(quar.)
>■•
12Vic
'
,
Co.
6-) 5
1
6-30
6-30
25c
—
1
7-1
62(4c
________
(quar.)
preferred
Clinchfield
Co.
Watch
6-21
7-
6-19
7-15
$1.25
7-22
$1%
1
7-15
$6 pfd. (accum.)__
7-
1
4
$50c
(quar.)
Products, Ltd.
Bullard
i
.
7-
7-
7-1
"
$1(4
—
2(4%
'
pfd.__
Citizens
6-15
6-
"6-15
$1(4
Water (Wash., Pa.) 1%
pfd. (quar.)
Wholesale Supply, 6% pfd. (quar.)
City Auto Stamping Co. (quar.)
City Ice & Fuel Co., common_______
Clayton Silver Mines (irregular)
Clearfield & Mahoning Ry.
(s-a)__
Clearing Machine Corp. (quar.)
Cleveland Electric Illuminating, common.—
$4(4 preferred (quar.)
Climax Molybdenun
(quar.)
6-15
A
preferred
•;
$1.75
4—
Refining,
Ashland Oil &
$5
Canada
Corp.
(s-a)
Bruce (E. L.) Co., common„_____„_„_
Bucyrus-Erie Co., common •
__;
7% preferred (quar.):
8-
f$l
7- 2
y
C
1
7" 50c
Citizens
1
6-
6-10
25c
6-15
1
}$1(4
class
Tobacco
Suburban
$7
7-
7-
75c
$1
(quar.)
&
6-16
6-30
6-15
$1(4
(quar.)__
Co.
Cities Service Power &
Gas—
Corp.,
A
Cincinnati
Ry.—
Power
preferred
6-30
7-
7- 1
30c
preferred (quar.)__
5% preferred (quar.)
$1%
50c
"
t$l
45c
(quar.)_____
5%
$6 preferred
1
6-15
25c
5%
6-16
35c
6-21
'
" ■
y
Cincinnati New Orleans & Texas Ry., com
6-15
20c
6-15,
1
7-
s
25c
2
7-' 1
50c
i
&
Oil
Cincinnati
-
7-1
50c
'$1
common
pfd.
preferred
Cotton
6-30
7-
$2.25
___
(s-a)
7-
convertible
25c
75c
1
7-
6-20
50c
1
>
7-15
.
Brown-Forman Distillers,
7-
loc
6-23
5-31*
7-
$1(4
1
t$l(4
Broad Street
y.
:.
6-21
7-
6-19
,
6-26
1
6-12
(quar.)
Christiana Securities, l'/o
preferred
Cincinnati Gas & Electric Co.—
6-21
7-
t32(4c
:
preferred
Columbia
75c
6%
Corp., Ltd.
prior
y-
—
7-15
6-30
6-30
'
Quarterly
6-12
ilOc
.
Quarterly
$1(4
*
6-10
6-26
25c
Power
Electric
Tool,
prior
Chickasha
>
9-20
25c
Chicago Title <te Trust (quar.)
$1(4
•,
(quar.)
Columbia
Pneumatic
convertible
6-
1
9-30
(quar.)__
5%
6-10
7-15
•
6-30
$1
6-21
$3
-"
5-29
6-19,
37(4c
>
1
1
'
-
5-29
;
.
37(4c
(irregular)-
com.
1
6-15
$1(4
(accum.)
Equipment Corp.-r(Stock dividend payable
Art
preferred
News,
7-
$3(4
(accum.)___
:
(quar.)
Brunswick-Balke-Collender
(s-a)
$2(4
6-18
Aro
Asbestos
6%
Oil
Electric
Daily
Chicago
7-
6-28
(quar.)
5-29
25c
common
(NY)
preference
6-15
1
Smelting—
preferred (quar.)—
Light, $6 pfd. (quar.)—
(quar.)
Constable
Columbia
series
6-17
7-
$1(4
&
preferred
American
British
Co.
1
21c
Armour & Co. of Delaware—
7%
British
Trust
1
6-21
6-21
.___
5% preferred (quar.)
Chicago Flexible Shaft
Chicago Great Western Ry.,
Chicago Mill & Lumber __:
30c
6-21
$1(4
12 (4c
25c
Chicago
6-15
7-15
Investing (quar.)
Brooklyn Borough Gas—
6%
partic. preferred (quar.)
Co.—
5c
Oil,
preferred
7-
12(40
Corp.
Fuel
Power
6-15
6-10
$2.25 ;/i() 7-15
Apex Electric Manufacturing, common
7% prior preferred (quar.)—
Arkansas
1
1
$1(4
—
„
Arkansas
,
British
7-
6-29
1
6-30
5-31
$l%?y
(Toronto)—
7-
y
: $20c
'
British
7-
1
50c
•
•
5(4% convertible preferred (quar.)___
Bridgeport Gas Light Co.__
Brlllo Mfg., common__
$2 participating pfd. A (quar.)
6-19
$1%
(s-a)
Andes Copper Mining.
AngJo-Huronian, Ltd.
___J
(quar.)_____.:
(quar)
Extra
5%
preferred (s-a)_
preferred (quar.)
preferred
preferred
'
&
•
$4
50c
6-10
$1(4
6-30
$1(4
;
1
6-30
*
'
'
(quar.)
Executor
7-
y
7-
'
~
7-
40c
6-10
Extra
7-15
,.> $2(4
1
(accum.)___-____w
Chesebrough Manufacturing
7-
;
7-31
(quar.)
class A
Bank
non-cum.
7-
50c
75c
(s-a)
Ltd.
7-14
6-15
$1
Cordage Co., $1.30 pfd. (quar.)__
Light & Power—
6%
preferred (quar.)
Bridgeport Brass Co., common (quar.)
6-30
60c
;
(quar.)
common
J.)
Mines,
47«:
7-31
$1%
(quar.)
Co.
7-24
6-30
7-
(accum.)_____
Chesapeake-Camp, 57c pfd. (quar.)
Chesapeake & Ohio Ry. Co., Com. (quar.)__
Brazilian Traction
(Indianapolis)—
5%
Ry.
Co.
y
*30c
(accum.)
preferred (s-a)
Brandtjen & Kluge (quar.)
3
6-25
62(4c
7%
6-4
12-
Elevated
Brandon Corp.,
5-29
$1(4
(quar.)
&
J
3
6-21
6-30
&
6-10
6-10
Quarterly'
.
Chemical
6-21
6-30
■
____________
Bearing
(E.
7-
$1
Copper Mining
1___:
Anchor Hocking Glass, common...
$5,<preferred (quar.)
$7
Insurance
Boston
50c
Anaconda
Applied
Eoston
6-15*
25c
Lead
Amoskeag Co.,
$4.50
Boston
6-15*
1
4
6-30
.
Brantford
.
American Tobacco Co., 6To
American Water Works & Electric
$5
6-10
1
6-
22(4c
.
•
7-
12 (4c
Co.,
pfd.
Brach
Co.
Thread
$3
6-28
;
Trust
6-30
7-1
$3c "
______ry___
T
6-14
4-6%
2nd
preferred
(s-a)
$2
6-30
6-18
7-
1
6-14
3-6%
3rd
preferred
(s-a)
$l'/2
6-30
6-18
(Peter)
Corporations—
;___
(s-a)___
/
6-ld^l
'
7-15
7-1
'
(quar.)___:
6-16
;
RR.
50c
Co
Tel. & Tel.
American
Co.
preferred
6-30
25c
(quar.)__
(irregular)_______
Corp.
Albany
6-30
—
Sugar Refining, 7% pfd. (quar.)
American Surety Co. (s-a)„_
E.)
&
60c
American
American
Boston
7-
30c
Stores
(F.
Borg-Warner
6%
Chapman Valve Mfg.
:
6-17
'7- I
62(4c
Co.—
$1(4 convertible preferred (quar.)
$1(4 convertible preferred (quar.y
Champion Paper & Fibre, common
Chartered
:
1
7-
$1(4
•
8-25
6-21
'
.
$1%
(quar.)
Utilities
preferred
8-25
-
$1(4
pfd.
(quar.)_________
50c
10c
(quar.)
B
prior lien
West
1
37(4c
(quar.)__
6%
(quar.)
$1(4
(quar.)
American
Booth
8*
Sanitary
(quar.)—
American
preferred
Blue
Class
6-30
9-
-
$1.19 *
(quar.)
South
6-30
1
$1(4
Century Electric Co/
Chairi Store Products—
6-14
h 9- 1
&
0/Ree.
6-22
7-
.81%
____.
Patricia Gold Mines
20c
<
Inc., common
Tobacco,
Ami, class A
y
<
(quar.)__»__;
40c
,:J
6-10
(irregular)
Ship Building Co..
Snuff Co., common
preferred (quar.)
1st
6-14*
Laughlin,
convertible
Brothers
35c
40c
•
$1(4
6-
(irregular)
American
$6
6-18
&
J
>
(quar.)
6-26
American
6%
Bliss
6-30
9-
$134
•
Black & Decker Mig. (quar.)___
Blaw-Knox Co. (interim)
V':\
Standard
Republics Corp.
Rolling Mill—
preferred
•
$1(4
(quar.)
6-23
common
American
6%
7-1
$1.75
Co.—
10c
.
(quar.)_.
Fire Insurance (quar,)____-___
Black-Clawson Co., common (quar.)___
5%
15c
&
__
preferred
6-22
(accum.)
Radiator
Corp.,
American
$6
y
pfd.
(quar.)____
$6 prior lien jpreferred
6-15
Bloch
1
$7
4
1 "v
6-15
1
6-
7-
__a______
preferred
6-12
9-15
•7-1
6-19
6-15
1
7-
:7- 1
6-21
6-30
10-
75c
(N. Y.)—
aoideru
2
7-15
$$2
(quar.)
4%%, pfd. (quar.)__
7% pfd. (quar.)
Power
preferred
Central
1
7-
$1.75
5%
Central
7-
Son
6-30
(quar.)
6-15
v
$1%
Birmingham
6-21
$1%
Service
preferred
4
25c
pfd.
'
Trust
4(4%
Power,
preferred
6-30
.
6-28
&
$7
30c
(quar.)—.;
6-30
$6
6-20
Birmingham Electric,
6-21
50c
Co.
6-30
6-20
6-15
_
Optical
I;6%. preferred
7-1
7-1
—
Maine
Light,
Kansas
Central
6-10
(quar.)
20c
.
Central
6-23
6-30
•y 6-30
.
Bon
(quar.)
6-15
7-15 .V
6-15
7-
37(4c
Savings Co.. (quar.)
Bank &
Illinois
-7-1
6-18
25c
Central
30c
\
6-15
_
5-31
$1
(quar.)____.(y
pfd.
5-31
7-
62(4c
-
&
when
$1
75c
,
Corp., 7%
Hanover
Loan
1943
Payable
70c
Quarterly
7-
$1
Bird
5-28
1
Steel
Manufacturing
•
6-18
—
1%
9
6-18
6-
(quar.)
"
Central
■
6-15
1
"
Canada
>> 6-25
-
Per
share
(irregular)
Associates
Central
5
Extra$1
11-25
8-
Cement—
1
common.....
Paper Goods Co., 7%
preferred (quar.)
American
Bethlehem
Bibb
&
Aquirre
t$2
,r
6-30
—
Co.,
American
7%
6-15
6-
'
t$l
common.i.
$1%
National Bank & Tr. Co. (Mobile)
Quarterly
.Quarterly
preferred
8-25
7-
& Susquehanna RR.
6-15
-
7-
class A
noncum.,
American Motorist Insurance (Chic.)
American
,
6%
7-
$$13/4
(quar.)
62 (4 c
(quar.)_
Metals
&
American
6-15
6-15
V;
Loan,
Limestone
Central
6-15
7-
$1
Corp.
Industrial
Cayuga
7-
>v;:.yyv«:;yy
•<>
Name of Companv
5-12 y
50c
of Canada
yyy-
of Ree.
6-30
J25c
10c
pfd. (accum.):
Foundry (quar.)
&
Bessemer
-
Co.
Monday, June 21,
Holdere
$$3(4
Bloomingdale Bros., Inc.
Top Brewing, 6% pfd., class A (s-a)__
Blumenthal (Sidney), 7% preferred
(quar.)
Bohn Aluminum
& Brass
Corp
Locomotive, 7%
American
(interim)
$2(4 prior pref. series of 1938
(quar.)
Bensonhurst National Bank
(Bklyn.) (quar.)
6-12
6-18
.
Payable
i4c
50c
Co., $1(4
American
6-12
6-30
75c
share
,
(quar.)
Aviation
Beneficial
Illinois—
(quar.)
convertible preferred
Locker
6-12
6-30
20c
preferred
American
Bendix
75c
American
5%
Bell Telephone
.
25c
Hardware Corp. (quar.)—
Hawaiian Steamship
———
$2
i
$1%
American
American
6-16
6-16
7-
25c
—_
(quar.)————
A
l
rf
(irreg.)
Beech Nut Packing Co. (quar.)
Belding-Corticelli, Ltd., common (quar.)
r7%. preferred
(quar.)
!____.
Bell Aircraft Corp.
(irr6gular)_j^^j_C——a.
6-5
7-
$1.50
(quar.)—
Company
(interim)
When
.
6-30
I2V2C
Rubber,
preferred
8-16
7- 1
1
7- 1
7-
15c
common
preferred
Hard
American
Corp.,
Felt Co., common
2nd
&
(quar.)__
pfd.
Co. (quar.)
6% pfd. (quar.)
General
American
6%
5%
Lines,
6
.
$1%
Co.,
American
7- 1
$l3/«
$1(4
$1(4
$1(4
$1.18%
(quar.)™—
Express
,7- 1
6-23
7-15
9" 1
12- 1
Mines
Beatty Brothers, class
7% preferred (s-a)
6-15
——
(quar.)__-_—_—————Envelope Co., 7% pfd. A (quar.)
American
6-30
6-25
7- 1
7-1
7- 1
12V4C
*'•
—-
__
__
A
7-
$1
25c
Sl'/i
15c
____
—
Gold
Beech CreeK RR.
7-15
7* 1
$1(4
(quar.)
Telegraph (N. J.)—
(quar.)
preferred
6-30
50c
.
preferred
American
1
7-
25c
(quar.)
preferred
5%
___™_
Cyanamid
American
6-11
$3
Mfg., common
preferred (quar.)
American Cigarette & Cigar, 6% pfd.
American Coal Co. of Alleghany Co.
American Crystal Sugar, common
,6%
6-30
Per
Name of
Beattie
6-11*
15c
—
y
of Rec.
7- 1
15c
Central
convertible
4Vo
Payable
$1%
pfd. (quar.)™
American
Iron
When
$2.62(4
'
6-18
'I
THE COMMERCIAL & FINANCIAL CHRONICLE
157 " Number 4187
Volume
When
jX/ rZ/:XY\Per . ;
(quar.) ___—37'/2c
Crowell-Coljier Publishing (quar.)_
-i--50c
Crown Trust Co. (Montreal) (quar.)_—___.i
*$1
Crown Zellerbach Corp., common
(quar.)__
25c
Crucible Steel, 5% convertible pfd. (quar.)—
$1'A
Cream of Wheat Corp.
Crum
& Forster,
C'A preferred (quar.)i—.
BV/p'. preferredv(quar.)
6-23
6-16"
7-15
7-
6-30
A:. 6-18
9-30
9-18
(quar.)
___-
—
_____
■■
t-
Extra
7preferred
/•
Debenture
5c/o preferred (s-a)!
<
Decca
Records
(quar.— —
(irregular)—.——
Deiael-Wemmer-Gilbert
Delaware
De
RR.
(s-a)
Electric
;
7%
:—
•
preferred
preferred
(quar.)
T
—
„:
Die
Mines,
Foundries
Common
Dominion
7%
Glass
Driver-Harris
Duke Power Co.,
*
<
7%
(quar.).
——
12-23
12-25
7r5
:
8-16
9. 8- 5
6-25
6-10
Franklin
6-30
9-
1 '
8-12
'7-
1;'
6-21
/
6-25
1
6-11
8-
2
7-15 r
7-
1
6-10
Garrett
5%
7-
General Baking
5
6%
•■6-15
7-15
General
Mills,
7-
1
6-15
7-8
5-27
General
Printing Ink,
1
6-15
7-
Kodak
Co.,
Ecuadorian Corp., Ltd.
Co.,
Electric
Battery
Storage
Elizabethtown Water Co.
—
$6
preferred (quar.v—
General Railway Signal, common.—;
9
——
6%
General Refractories
—-
6-15
1
6-15
General Telephone Corp.,
1
6-15
;• $2'A
6-15
6-10
6-30
6-
1
7-
2
6-
1
7-
2
6-
1
6-25
6-18
7-
1
6-18
7-
6-19
6-15
; 6-10
Av
.
7-
1
1
^
25c
—4
$1 'A
$6,pfd.;(quar.)
$1'A
Girard Trust Co.}(Phila.» <quar.)
50c
Gisholt Machine Co."Aquai1.') ———25c
Glens Falls Insurance Co. - (quar.)——__—
:
40c
Glidden Co.; common; (interim)
"
30c
/ 4'A %
conv,) preferred , (quar.)_i_.i
56'Ac
Globe-Wernicke, ,7% preferred (quar.) _____
$1%
Godchaux Sugars;-Inc.; class A (quar.)—J
V; $1
$7 preferred
(quar.)———
$13A
Goeble Brewing Co;'(quar.);.
5c
Gold
& Stock
Telegraph (quar.)
$1'A
Goldblatt Bros., Inc., .$2'A"conv. pfd. (quar.)
62'Ac
Golden State Co., Ltd. (quar.)_
——'
20c
Goodrich (B. F.H Co., $5 preferred
(quar.)
$1'A
6-18
7-
25c
50c
6-18
.
7-
i
7-1
7-10
6-16
6-10*
7-
1
6-
5
,
20c
10c
7-
1
6-
5
6-11
6-25
4 6-25
6-17
6-30
6-10
-3c
37'Ac
$1%
25c
75c
15c
$1'A
6-30
6-15
6-21
6-12
6-21
6-10
1
6-15
7-
7-
6-19
7-
6-19
6-17
7-
50c
75c
7-
%
7-'
6-22
50c
6-30
6-
Common
9
(quar.). 4.
5%vpreferred
6-21
*
1
6-19
Gorton-Pew .Fisheries
—25c
6-21
6-5.
Gosnold
$2%
$1.60
$1'A
6-30
6-21
Granite
1
6-19
Grant
6-10
6-10
*;
8
7-15
6-30
7-15
6-30
Great
Lakes
Consolidated (s-a)
6-15
Imperial
6-15
Indiana
••
1
6-18
Indiana
General
6-30
6- 3
$1%'
7%
,
Indian
6- 8
6-15
6-10
5'A% preferred (quar.)
Indianapolis Water Co., 5% pfd. A (quar,)_
Ingersoll-Rand, 6% preferred (s-a)
Inspiration Consolidated Copper-
7-
6-11
Insurance
7- 1
1
Extra
6-12
7-
Great West Life Assurance (Canada)
7- 3
1-
7-
.
6-12
6-21
Inter-City Baking, Ltd.
7-
6-18
Intercolonial
7-
6-18
6-30
6-
7-1
6-30
International
4
7-
1
———_
8-
1
7•
2
11-
1
6-22
>:7- 1
6-22
6-29
6-15
7-
1
6-14
;
.
.
Participating
.
$13A
$1'A
7-
1
6-14
Greenwich
7-
1
6-14
Greyhound
$1.25
—$1.25
Ex-Cell-G Corporation (quar.)
65c
Excelsior Insurance-Co. (Syracuse, N. Y.)—
15c
Eversharp, Inc., 5% preferred (quar.) — ;
25c
Falconbridge Nickle Mines- (interim)
t7'Ac
Palstaff Brewing Corporation
(quar.)
15c
9-
3-21
priesedieck Western
A:
A..1
12-
1
.■
11-20
1~
6-10
1
6%
pfd.
common
International
International Harvester, common (quai\)___
International Match Realization Co., Ltd.—
1
6-15
;
7-
1
6-17
,
7-
1
6-17
7-15
6-18
•
6-15
(6th
6-21
11-
Common
4%
6%
preferred (s-a)
—
Famous Players Canadian Corp., Ltd
Fanny Farmer Candy Shops
(quar.)——_
Fansteel Metallurgical, $5 pfd. (quar.)—.
$5
,
preferred (quar.)
$5 preferred
(quar.)—
Farmers & Traders Life Ins, (Syracuse, N. Y.)
-.
Common
j—
Common
.
7%
—
C.)f
common———————————
preferred
Federal
Water
&
(quar.),..I———————
$2'A
50c
$1'A
Gas—. "C
Federation Bank &
Trust'Co.
(NY)——
-ir-5A
4
6-30
5-
8-30
8-16
10-1
9-16
^
..50c
preferred
Co.
(Montreal)
6
6-
7-
7-
1"
7-
1
•6-19
7-
1
1.6-19
47-
1
6-11
7-
1
6-19
Interstate Natural Gas (irregular)
f
resident
International
Paper
2
6-15
2
6-15
7-
5#
Extra
6-10
Guaranty
6-15
Gulf
Oil,Corp.
9-30
,9-15
Gulf
Power. Co.,
12-20
12-15
Hackensack. Water
3
7-
1
6-30
:
7%
International
7-1
6-
1
International
1
6-U
10-
!!•
(N. Y.)
—
$6- pfd.
T/o
pfd.
class
1
9-11
Hall
6-15
Haloid
6-12
Hamilton
International Telegraph
Interstate
7%
6-12
,•
$2
Printing
(quar.)—;
Cotton.Co.,
convertible
(s-a)—__
6r/c
6-25
6-28
16- 7
6-15
I
6-21
com.
preferred
7-15
6-30
7-15
6-30
6-15
Hanover.Fire
2
6-23
Hard Rock Gold
7-
6-16
6-10
2
6-
t6-21
5
tlOc
(quar.)___„
i50c
7-
class
(quar.)
A "(extra)
;
6-30
1
6-30
40c
(interim)
Paper-Co., common
preferred (quar.)
Hancock .Oil Co.,
9
6-15
Hammermill
7-
6-17
6-15
6-19
4'ACU
6-
1
7-
1
5-28
-
1
7-
2
6-30
,
7.
7-
6-21
6-19
6-30
7-
6-14
:
7-15
:
'I Class B (extra)
Class.A &.B (stock dividend)
Insurance 4NY)
(irregular)
(quar.)____
———
(quar.)___l—
Mines, Ltd."(interim)
25c
t$l'A
25c
$1'A
25c
25c
2r,'o
30c
$3c
-
2
6-15
,6-30
6-23
6-30
6-15
6-21
6-
7-
6-15
1
6-30
6-30
6-30
7-
1
6-21
.
-
5
6-15
6-15
6-15
6-17*
5-25
25c
!___—
conv.
t75c""
pfd. (quar.)
7r.'o
.
6-15*
7- 1
7- 1
7- 1
$13A
96'Ac
25c
$13A
;
$1
1
7-15
8-1
6-30
6-15
6-17
6-15
6-16
7-7
6-15
>
: 7-1
7-15
•
6-15
6-15
Utilities Co.—
$1'A
.
7- 1
$15A -V 7- 1
$13A
7- 1
pfd. dividend arrears ctfs. (accum.)__
pfd„ dividend arrears ctfs. (accum.) .;
dividend arrears ctfs. (accum.)_
Iron Fireman Mfg., common (quar.)"_"___—
v
6-15
20c
6-23
1
preferred
pfd. (quar.)
(Maine)
6-10
7- 1
7-
45c
Stores, common
Iowa Southern
1 6-30
25c
(quar.)
Hamilton Mfg. Co." class A"partic, pf. (quar.)
Hamilton United Theatres, 7'A pfd. (accum.)
7-
Dept.
Investment Foundation 6r/o
7-15
$3
6-18
50c
Investment Co. of America
1
433Ac
(W..F.)
Co.
,
6-30
6-29
$$13A
(quar.)
6-19
A
(quar.),-. \
6-30
Co.
6-17
:
1
1
7-1
$l'A
(quar.)
Co.,
Shoe
6-25
7-1
7-1
7-1
25c
,
7- 1
Co.—
(accum.)___
pfd.
30c
9- 1
Common
(quar.)
*—
30c
12- I
Ironrite Ironer, common _i__.
/10c
8- 2
A 8'Jo preferred (quar.)
20c
8- 2
Irving Air Chute Co.. (quar.)> 25c
7-1
Irving Trust,Co. (N. Y.) (quar.)_.
15c
7-1
Jamaica Public Service Co., Ltd.—
Common
(quar.).
17c
- 7-2
;
7% preferred A (quar.)
___
$13A A
7- 2
7% preference B (quar.)
13A<4
7- 1
5% preference C (quar.)"".
l'A%
7- 1
5% preference D (quar.)"
1 'A %
7- 1
4'A7e preferred (quar.)" _____—_—•
$1.06'A
8-2
Jamestown Telephone, 6%
1st pfd. (quar.)
$1'A
7- 1
Jamaica Water Supply, common (quar.)
.
: 50c
6-30
$5 preferred (quar.)
$1'A 6-30
Jefferson Electric Co. —:__4„_—••
25c
6-30
Jersey Cent.,Pwr. & Light"5'A$ pfd. (quar.)
$134 ; 7- 1
6% preferred (quar.
$1'A
7- 1
'» 7% preferred (quar.)—"
——
♦_ $134'
- 7-1
Jewel Tea Co., common (reduced quar.)
25c 6-21
Johns-Manville Corp., common
'
50c
6-24
7'/c preferred (quar.)—
$13A
7- 1
6-17
6-17
6-17
8-10
11-10
7-15
7-15
—
^
(quar.)
Halifax-Insurance, (Nova Scotia)
6-25
6-30
Co..
(quar.)
"
$1'A
Salt Co
International Silver Co., 7%
6-19
f$2'A
;
J
(quar.)
(quar.)
Power
preferred
6-15
7-
pfd.
International
6-15
J$1'A
_4__„—
Trust
conv.
1
America—
North
6- 1
7-6
7-6
Co.—
7-
4
6-30
8-2
8-2
$1'A
Telegraph
5
31 Vie f
(quar.)
of
'
Ocean
6
15c
*
'
tax.
International
6-30
50c
$50
6-18
.
.able in U. S. funds, less Canadian non-
5
7-
-
6-30
J50c
$13A
83Ac
—
7-
(quar.)______
6-18
7-
__—
2
25c
$134
$1.
(quar.)—_—___—:—___
6-19
■
6-15
6-18
($5 par) (quar.)
The three payments shown above are payr
5-24
_"
Guarantee
,
,
(irregular)
75c
Federal Bake Shops, common (quar.)——.
25c
5'A preferred (s-a)———
75c
Federal Insurance (Jersey'City) (quar.)
35c
Federal Light & Traction (irregular).—50c
Federal Mining & Smelting
——
41
Federal Motor Truck
——l°c
Federal
Services
Finance
Corp.
(Wash.,
*
D.
6-15
6-30
(quar.)
preferred
6-
.133Ac
6-19
6-19
7-20
pfd.
1
-
7-1
7-15
6-30
•
7-
25c
;
6-15
6-10
6-19
'•
(quar.)—"
6-21
>
>
50c
7- 2
,
7-15
7- 1
Chemical—
&
2
-
6-19
6-19
6-15
$13.50
Minerals
preferred
6-19
6-26
50c
(irregular)
6-
:
Group No. 1 Oil Corporation
Gruen'Watch Co., common (quar.)
r
—
.Quarterly ;
Faultless Rubber Co,
'--.6^
6-15
7-
'.A Quarterly
'
3c
t25c
37'Ac
$l'/«
$1'4
$1V4
-
12'Ac
6-21
6-15
r,
International Nickel (Canada)—
—_—
6-30
(quar.)__
liquidating),
International
1
Cigar Machinery
7- 2
$2.25
(accum.)
(quar.)
Brewery Co.__.._
Griggs Cooper & Co., !%• pfd. (quar.)
—
7-
Water System
Corp.; (Del.),
5Y2% preferred (quar.)
,
(quar.)______
preferred
participating
(quar.)
International Celjucotton Products
Extra '
4—
6-25
Common
r
Powders, Com.
50c
$13A
,.$1'A
$3
J15c
31'Ac
(quar.)
Saddlery, &.% 1st pfd. (quar.)—
;; 6r/o
2nd preferred (quar.)
Great Western Sugar, common (irregular)
7% preferred (quar.)___
Green (Daniel) Co., 6'A preferred (quar.)—
Greenfield Tap & Die, $6 pfd.' (s-a).
Greening (B.) Wire (quar.)
Greenwich Gas Co., $1'A part pfd. (quar.)—
6-15
6'/o
Bronze
—
6-15
2
2
________
6-30
6-30
6-30
7- 2
7- 2
7- 1
7-15
t$l
f$4
25c
$20c
J37'Ac
30c
37'Ac
(s-a)—
common
6-22
:
6-30
7-
Coal,
preferred (s-a)
Steamship Co.
6-30
7-15
10c
f$l'A
(interim)
6-16
6-30
6-16
6-11
6-7
6-11
7-15
50c
-
(s-a)__
6-3
4 6- 3-
7- 1
7-1
6-28
;
(Md.)
Inc.
6-30
7-15
7-
Certif.,
Interlake
9
6-10
7-1
8%
(s-a)
_4
7-
,
America
North
7-
t25c
t25c
$1
t$33A
J75c
l"75c
Great West
6-14
6-24
7-
3
of
Co.
r
Insuranceshares
7-1
7- 1
7- 1
7-15
7- 1
30c
30c
$1.31'A
$1'A
$3.
'
25c
$1 'A
(s-a) "
7-10
.4
12c
7-
7-15
6c/o
r:
7- 1 "
Service,
$0.2444
6-11
(interim)—
$2 class B partic. preference (interim)—
Great Northern Ry. Co., preferred———
7-15
1%
—-
5-28;
6-21
$1'A
$1'A
preferred (quar.)
Motorcycle, 6% non-cum. pfd.
Indianapolis Power & Light, common
6-19
,
1
4-16
6% pfd. (quar.)
Indiana & Michigan,Elec., 6r/o pfd. (quar.)
Paper Co., Ltd.— "
6-30
60c
—. —
;
7- 8" ■:
6-301
Tobacco of. Canada ord. (int.)
Chemical, $3 pfd. (s-a)
6-21
■
6-15
6-30
7- 1 'v
t 7'fo
class A partic. preference
$2
~
7-1
,
6-11
7- 1
8- 2
/ v
''''4::;^.;.-.
U—-———
5%
7-26
8-
Z
7-1
tlOc
25c
6-15
,
$2
$1.50
4$2
Co.—
$1'A
35c
25c
:
1
7-
Sl'/a
1st preferred (s-a)
$3'A
2nd preferred (quar.)——————
$3
Emerson Drug Co.,. 8%
pref. (quar.)—50c
Empire District Electric, 6'A pfd. (accum.).
$3
Empire Power Corp.,-. $6 preferred (quar.)..
$1JA
Employers Casualty Co. (Dallas) (quar.)
30c
Quarterly
^—'
30c
iEmporium Capwell Corp., common (quar.)—
35c
>V 4'/a% preferred A (quar.)
56'/«c
Emsco Derrick & Equipment (irregular)—25c
Engineers Public Service, $5 pfd. (quar.)—.
$l'/4
prior pfd. (s-a)
Steel ;(irregular)_
Co.;.common (quar.)——
;
5% preferred (quar.)
Great American Insurance
(N. Y.)
(quar.)
..•-/
(quar.).
City
(quar.)
5%
.
—
Gas &
'
7-
$13A
—•—
Mills,
,
shares ,(final);;
Ordinary
6-
1
11-15
(W. T.)
,7-
25c
'
preferred (quar.)
;.
Imperial Bank of Canada " (quar.)—
Imperial Chemical Industries, Ltd.—
17'Ac
„—;—1__——
RR.—
$6
63c
62'Ac
75c
62'Ac
1-———————
(quar.)
(accum.)____
Illinois
poodyear. Tire &, Rubber (Canada)—
.
.
pfd.
Leased Lines, 4% gtd. (s-a)
Commercial Telephone
6-21
7-
.
6-19
25c
Central
Illinois
6
6-18
6-25
,
$5 preferred '(quar.
6-15.
7-
125c
$l'/4
$1'A
6-30*
6-15
*
6-25
6-29
40c
62'Ac
30c
—
,
6-15
6-10
6-15
—-
—
6-11
6-15
..
f
6-18
1
1
1
—...
>
1
7-
.
1
pfd.
$6
6-19
6-30*
—_______
7-
S7c
6-11
,
7-
•
.
;
6-30
Instruments,
.
6-15
6-11.
6-21
6-19
37'Ac
6-30
6-21
75c
6-30
6-12
Howe
75c
6-30
6-18
Howes Brothers, 6r/t>. pfd. (quar.$1'A
6-30
6-21
7%
1st pfd. (quar.)
$13A
6-30
6-21
7(4 2nd pfd. (quar.)
$13A
6-30.6-21
Hubble (Harvey)' (quar.)_40c
7- 1
6-16
Hudson Bay Mining & Smelting Co.,'Ltd—
+$1
6-28
5-28
Humble Oil & Refining
37'Ac
7-1
6-1
Hummell-Ross Fibre,/"common
_*
7'Ac
6-30.
6-15
6% preferred (quar.)
$1'A" ' 9- 1
8-17
Humphreys Mfg. Co., common ___'—_______
10c
6-30
6-19
6'A
preferred (quar.)__l_,______—
$1'A
6-30
6-19
Huron & Erie Mortgage Corp. (London, Ont.)
Quarterly
.__L
—
t$l.;y:;;74;l ;,;':..6-15
Hussmann-Ligonier Co., 5'A % pfd. (quar.)__
683Ac
6-30
6-21
Huttig Sash & Door, 7% preferred (quar.)__ ■
$13A
6-30
6-21
7%
preferred
tquar.)
$13A
9-30
9-20
7%
preferred (quar.)_;___
;
$13A
12-30
12-20
Huyler's 1st preferred, (accum.)
$1
6-25
6-15'
Hyde Park Breweries Assoc.—___—__—50c
7- 1
6-15
Ideal Cement Co. (quar.)
35c
6-30
6-17
Illinois Bell Telephone (irregular)-——_____
$13A
6-30
6-18
Oil, (Texas), 6%
Sound Co.'(quar.)
6-15
6-15
Time
$1'A
Light & Power (monthly)
Houston
6-15
1
—.
(quar.).,
(quar.)'
'v} $6 preferred (quar.)
Erie Railroad,
$5 preferred (quar.)
$5 preferred
(quar.)
6-15
7-
:
(quar.)..
1
6-30
7-
6-30
(quar.)—
common
7- 1
6-30
7- 1
7- 1 •
6-26 ^
7- 1 V
7-15
7-15
7- 1
/
6-18
6-14
6-21
f $1.50 convertible preferred "(quar.)
$1'A
General
Ely & Walker Dry Goods—
preferred
6-11
Gimbel Brothers,
preferred (quar.)—
—
Paso Electric Co. (Texas)—
$5.50
6-21
6-30
Co
<quar.)__
____________
;
6-21
(quar.)—
t50c
$1'A
25c
50c
20c
62'Ac
•
$1
i
6-16
Houston Oil Fields Materials—1
30c
7-15
7-
pfd.
;
(quar.)—i
preferred
(quar.)
Houston
$i'A
$1'A
7%
.
——
preferred
6-21
$1 'A
RR., 7'A pfd. (s-a)—
El Paso Electric (Del.), 6% preferred (quar.)
r
common
1
•
common
6-16*
(quar.)
———
$4'A preferred (quar.)...
El Paso Natural Gas Co., common
1
Finance Corp.,
6-30
pfd, (quar.)_—.'
Elmira & Williamsport
El
7-
(quar.);__
(irregular)
Bearing Co.
-
General Tire &-Ri'.bber,
—...
Watch
;; 5'A
$1.12'A
——
common—.——
Electrical Products Corp.
Elgin National
6-21
peorgia Pow,er, $5 preferred (quar.)
;
$6 prefeiTed.(quar.)————
—
—
Gillette Safety Razor, common (irregular)
(Bahamas), ordinary
Utilities:.-;
1
6-15
(quar,).——'.
Electric Auto-Lite Co._.__"———A—
Electric Controller & Manufacturing Co
Household
7-
.
6-15
A
Electric
Household
1
Stop Nut Corp., common...—_——
6'A preferred (quar.).
—
Class
6-15
;
pfd.
(quar.)_„__—
Inc.
Drugs,
Manufacturing Co
___!
Houdaille-Hershey, class A (quar.)__—
7-
Elastic
Elder Mfg.
6-30
■
1
7-1
6-28
7- 1
$1»A
35c
15c
Hoskins
7-1
pfd. (quar.).——
Egry Register, 5'A'A
Hoover Ball &
6-15
75c
Howard Balanced Fund
.Eddy Paper Corp...—
6-15
,$2
6-30
25c
6-30
'
15c;
7- 1
l'Ac
; 6-21
25c
7-26
35c
7-15
5c
8- 2
$l'/a
722'Ac
7$l'/4
8$1.25
766c
710c
7$1'A
.725c
7$1'A
—
7-
Sl'A
(quar,)
common
6-30
6-30
7-
(quar.). —
Eaton & Howard Stock Fund (quar.),——
&
Honey Dew, Ltd. (quar.)
Hooker Electrochemical, 6%
Hooks
6-15
25c
5%'.(quar.")
;
General Motors Corp., $5 pfd. (quar.).
General Paint Corp., $2.67 pfd. (quar.)_—
:
$1'A
(quar.)—I—.—
preferred
6-30
6-19
;
-
50c
■
—_____
7-23
Jl5c
+$l'/4
?$1.38
—
,,
$2 convertible
6'A
1
Co
Ltd; (quar.)
H.)
6-28
-
General
7-
East Tennessee Light & Power Co.—
$6 preferred (quar.)
—_—.—
pfd. (accum.)
Eaton
7-
Furnace
(D.
Co., Inc. (irregular)
Home Gas & Electric, 6%-pfd. (quar.)
7-
7-15
75c
$13A
30c
V $2
8%
Eastern Gas As Fuel Assoc. 6%
Eastman
9-15
$1
6-15
6-12
—
preferred "(quar.)
Eastern Steel Products— A;;"v
5% convertible preferred (quar.)..
1
Transportation.;
1
5-29
6-19
6-25
v'
:
10-
25c
$1'A
J25c
(Canada) (quar.)
Paper Co.
Holophane
10c
7-31
1
7-1
7-
4
(quar.)__L_4____4—_______
Hinde & Dauch
Holmes
(quar.)_L
—
6-19
6-18.
6-5
6-5.
6-10.
37'Ac
Paper Co., common......
preferred
;
6-15
Holland
30c
30c:
$1'A
17'Ac
(quar.)_*_
General Candy Corp. (quar.)__
General Electric Co",
(quar:)—"—————_—
General Finance Corp. (quar;)—
General Foods Corp.; $4.50 pfd. (quar.)
General Instrument Co.
(NJ)
(irregular)—
6-19
7- 1
6-30
7- 1
7-1
7- 1
Hinde & Dauch
6-20
10c
37&c
Co."
Box
7-1
$134
6-
1
6-30
6-15
15c
$1
$i3/4
—
31'Ac
6-28
50c ;
Co., $8 preferred (quar.)
6-15'
7-20.
JJickok Oil Corp.} 5%; preferred (quar.)__;_
;.7f> prior preferred (quar.)_4____
Hilton-Davis Chemical, $1.50 pfd.
iquar.)__
25c
Brewing Corp., common (initial)
convertible preferred (quar.);_:
6-186-14
6-25
7-30
6-15
6-15
—
General
6-
1
7-
American
6- 5.
6-5
;
$1
_—
7- 1
7-1
15c
15c
6-16
$3
6-28
7-
prior preferred.—..—...
Eastern Steamship Lines, common
6-16
4
t35c
(quar.)'____.
class B (irreg.)——
6-19
6-19
(monthly)
Co.
&
1
6-15
6-19.
6-30
7- 1
6-25
(quar.).
6-30
r
7-24
4'A'A
1
7-
37'Ac
$83A
preferred
6-28
preferred (quar.)———:
....
$l'/8
Duquense Light, 5% preferred (quar.)
$1'A
Eagle-Picher Lead Co., common—10c
■
7-
Monthly A
1
6-21 v
6-30
6-30
'
1
General
$4'/a
preferred .(quar.)...
6-18
1
6-10
6-15
G'f
9-20
7-
6-30
7- 1
50c
6-28
7-
,
(quar.)
_____________
9-30
7-
common
Mfg.,
(qua?.)
$6 preferred
Bartlett
37'Ac
(quar.)
Power,'common :(quai'.)—„—_—
preferred
5'A
preferred
5ft)
6-30
;
43%c
Ay
$1
$13A
■ $1'A
Co.
partic,. preference A -(quar.) —75c
General American Investors, $6 pfd. (quar.)
$1'A
6-30
:
Corp.,
(George
Powder
7
6-18
1
5c
Spencer
7-
6-12
6-18:
7-
10c
____
1
7- 1
$134
(quar.)
<quar.)__-____i—
W.) .Company, common..^.
Hercules
" 50c
7-
37'Ac
$1.25
'
Hibbard
County Distilling " Co., Inc.—
Gatineau
7%
7% -pfd.
Co.,
&
6-19
6-30
:
t$l'A
l$l3/4
75c
75c
60c
preference '(s-a)...
-
$13A
$1%
■
Brewing.*quar.)—
convertible* preferred
6%
■v.
y
C.)
preferred
Helme
—
''Specialr__
6-11
7-
Glass
Henkel-Clauss,
Co.,'.6% 'preferred (quar.)—
Galvin Mfg4 Co.. '(initial),
Gannett Co.r class B:conv: pfd. iquar.)
Garfinckel (Julius) Si Co.,',com. (quar.)__—
?
50c
$1'A pfd. (quar.)______
Co.
iquar.)________;
(Waltpr E.) Co., common (quar.)
7%
6-14
...
Corp,,1 6%'prior pfd.
Furniture,
Extra
A
9-30
1
7-15
...—
"
1
7-
(Robert)
Gail-
•
f
10-
2
(irreg.)—
'
6-30
Gemmer
(quar.)
(E. I.) de Nemours—
6-15
1
Heller
*
62'Ac
(quar.)„
Fuller (Geo. A.) Co., 4% conv. pfd. (quar.)
Fuller Brush,Co..'!%, preferred (quar.)
6-19
7-10
class A
convertible., preferred
60c
A
;
J62'Ac
Du Pont
1.
7-
;
.
1st
7-
6-30
8'A preferred (quar.)—
Dunlop Rubber Co., Ltd., ord. reg. (interim)
Dunlop Tire & Rubber Goods Co., Ltd.—
5%
6-25
6-23
$1
____________
A A:.:,;,,'.Extra .-A:———
'
8-
1
6-30
$2
-
Fox.-(Peter)
Hazel-Atlas
7-
50c
4
6-15*
(quar.
common
preferred
8-16
Haverty
'
<quar.)____
Rubenstein, class A (quar.25c
7- 2
135c
>7-15
t$1.25
1$1.75 r.' 7-15
—
Ltd., common
u
9-
,
.
—
puplan Corporation, common
75c
•
6-10
6-12
$20
'
prior ; preferred *(qu&r;); •
$7 conv. preferred (accum.)—
—
Foundation Co. of Canada;'Ltd. (quar.)—__
Four Wheel .Drive Auto
(lrreg.)—
6-15
6-21'
1
6-21
1
7-
(Conn.)
(D.
7-30
(quar.)..
pfd.s(quar.)——— —
Co.
fl.%
6-15-
Hartford Fire Insurance
Heath
6-28 i
Draper Corporation
6%
::i-, i'r
1$2
——-
textile, common (quar.)...—
(quar;)————:
Corp,
•
6-12
7-15
—
Helena
Foster Wheeler
6-ia
6-15
7-1
7-15
6-25
6-15
6-25...
6-30
6-26
6-30
6-16
6-17
•:
6-15
6-28
7-26
(quar.)
Co.,
6-15
7.15
7-26
—
6-19
1
6-22
7-
(quar.)
6-15
6-25
1
7-
50c
25c
Food Machinery Corp. ,(quar.)...
35c
Ford Motor- Co., .Ltd. (interim)———6'V
Foreign Light & Power 6% 1st pfd. (quar.)
$1'A
Foresight Foundation, non-cum. class A____
6c
Formica Insulation Co. (quar.)
50c
Foster & Kleiser Co., 6% class A pfd. (quar.)
37'Ac
6-15/.
6-29 V
.
Shoe
4: Class B
6-10
7-
;
Co.
Florsheim
"
6-30
Sl'A
62'Ac
37'Ac
140c
7% preferred
Dravo
1;;
6-22
$1.50
(s-a)
(quar.)
preferred ' (quar.)
Dominion
6-22
6-24
25c
pfd.
5%
Steel,
&
Co.,
1
7-
».
25c
(interim)———1 "
(increased)
6-12
7-
75c
$114
(quar.)———
Of Canada
(quar.).—
Dominion
i
6-25
6-21
$2
Florence Stove
.10-1
(s-a)
RR
Ltd.
Bank
6-12
$2
y
class A—
Casting
Dominion
'■
6-22
10-1
Car.—
Corp.-Seagrams,
Dixie Cup Co.,
6-18
50c
35c
—
—
Giorgio Fruit Corp., $3 partic. pfd.
Doehler
6-4
7-1
Products—————————
Motor
1
6-30
7-1
Diamond Match Co., 6% part. pfd. (s-a 1 —
biamond Shoe Co., 5% preferred (quar.)..— r
Dome
7-
"'7-6
6-25
(quar.)
common
1
,,.
National,.Stores, Inc." .(quar.)
First State Pawners Society (Chicago)
?
Quarterly
X Quarterly", w._-i-A—
11-15
Michigan Stove, 5% pfd. (quar.)—
Detroit Steel Corp.
—AAA———————
Distillers
11-19
7-1'
7-20
6-25
(quar.>__4_______:_______.
Corp.,
1
..
";'Z Quarterly
1
>
15c
preferred
preferred
7-
(quar.)_.
12-1
Detroit
D1
York
6-21
6-15
7-
of Rec.
$1.50
'5 ft.
7-
Pittsburgh (quar.)__
$13A
$13A
_————
Detroit Hillsdale & South Western
Diamond
of
75c
$13A
.
7%
Detroit Steel
Bank
National Bank of
$1'A
20c
—
—
(quar.).—"
A 17c
-
National
First
11-29
$1
v———————
(quar.)
(quar.)
.
First
7-22
———
(quar.)
preferred
6-15
t$2'A
Dentist's, Supply,.common (quar.)
Common
(quar.)-..
•A25c
:>'•
Long Hook & Eye (quar.)
Delta
(Jersey City)
8-16
Packing (stock dividend)——2%
Corp.
37'Ac
Deerfield
Bank
6-30
,
2
Holdert
(quar.)._l—____—______
:
$1>A
: • 5Vo preferred 2nd issue 1 quar.)__________
$iy4
Harrlsburg Gas, 7fo pfd. "(quar.)_______
$134
Harrisburg Hotel (Pa.) (irreg.
50c
Harrisburg Steel Corporation (quar.)______
30c
Harshaw .Chemical
—
'.'C; 25c
6-15
7-
When
Payable
$1
Extra
First National
New
2
Harnischfeger
6-10
7-
m*r
^nre
/
Harbison-Walker Refractories Co.—
$2'A
(quar.)
6-15
•
7-15
$6
25c
$1.183/4
$2
(s-a)__—_
Boston
of
(Chicago)
6-15
A
—
(quar.)___.—
Bank
6-30
Canada—
of
Corp.
*_
Securities
&
First- National
First National Bank
6-29
$3
75c
50c
30c
31'Ac
25c
$l3/4
125c
$1
(quar.)—
David & Frere, Ltd., class A
6-19
6-15
6-15
■
-
25c
50c
First
common———;
Davidson Chemical Corp.
1
6-29
10c
10c
(s-a)
Cunningham Drug Stores, Inc.—f 6'U class A prior preference (s-a)—;
Curtis Publishing^ $4 prior pfd.
(accum.) —
Curtiss-Wright Corp( $2 non-cum. class A—
Davega Stores Corp., common (irregular)
5'A convertible preferred
(quar.)—
Davenport Hosiery Mills,
6-15
1
Co.—
^
-1 1
.
7-
3c
Name of Company
of Ree.
Payable
"6%
(s-a)
Field (Marshall) see under Marshall Field.
Fifth Avenue Bank,(N. Y.) (quar.)
Filene's (Win;) Sons* common (quar.)
: 'i 434%
preferred (quar.)L__l_Finance Co. of Pennsylvania (quar.)
,
7-
Dyeing
&
'
(Sra).—.—
Fidelity & Guaranty Fire Corp. (Bait.)
6-15
6-30
—
Port Clinton RR.
Culver &
t.,
6-30
30c
Class B (quar.
30c
Crystal Tissue Co., 8%. preferred (s-a)——
$4
Cuban-American Sugar 5'/a% pfd. (quar;)__
$1%
; ■■Tie
preferred (quar.)—$13A
Cuban Telephone Co.,, common
' $1
6C4 preferred (quar.)
—:4~''
$1'/a
Class A
n
6'A;pfd.
Cleaning
Extra
lr
___—
United
Fenton
6-30
Brewing,
Holdert
When
Fer
..thare
;
lr/c
preferred (quar.) _______—....—_
$134
Ferriiei ,iB." C.); Brewihg : (fmnual) .—60c
6-14 ;
1
Crum & Forqter Insurance Shares Corp.—
..v.'Vv.v*^■:
Fehr'(Frank)
G-14
6-30
30c
——$2
Z'~-———$2
(quar.)..
common
6-24
;
■
Name of Company
6-19
I
7-
;*
■
of Ree.
■
,7-
vi'''rv,';
Holdere
'
Payable
thare
Jiame of Company
2309
______
—
—
6-17
6-8
,
,
.
,
•
5-31
5-31
5-31
5-31
5-31
7-19
6-15
6-15
6-15
6-15
6-10
6-10
6-10
6- 7
6J0
6-17
'
Monday, June 21, 1943
& Laughlln
Jones
5%
Steel,
preferred,
5%
class
(quar.)
preferred class B (quar.)—
pfd. (quar.)—J__
Kalamazoo Allegan & Grand Rapids RR. Co.—
Joplin Water
Works,
Semi-annual
Kalamazoo
Stove
City
&
Furnace
Power
(quar.)_.
Gas
& Elec.,
Kansas-Nebraska
$6 preferred
$6
Katz
7%
Gas,
$1/4
10c
$1/2
$1/2
common-,—
——
——
Department Stores (irregular)—
Kaynee Company, 7% pfd. (quar.)—.——
Kearney (J. R.) Corp., common (quar.) —...
(s-a)
——
Kellogg Company
—
—
class
Wheel,
Kelsey-Hayes
•
—
A
Copper Corporation
Kennecott
Special
pfd. (quar.)
class A (quar.)
;
6%
& Co.,
Knapp-Monarch
1st preferred
7- 1
7- 1
7- 1
6-15
7-
1
6-21
7-
1
Plante-Choate
Salle
Mfg.
Industrial
cumulative
class
preferred
Corp.,
8-
11-15
9-
450c
12-11
12- 3
6-30
6-19
62Vic
37Vic
$1
1
6-15
8- 2
7-14
1
5-14
9-14
6-22
6-
2
50c
7-15
7-
3
Sl'/s
8-2
:, 7-20
7-15
$1%
7- 1
6-11
6-26
6-12
30c
Extra
1
7-26
1
10-25
(quar.)
Extra
Louisville Gas & Elec.
Class
B
Louisville
5%
pfd.
5%
pfd.
Ludlow
5%%
&
conv.
6V2%
preferred
(quar.)—_
pfd.
(quar.)
pfd.
(quar.)
Assurance
(Canada)
Valley Water, 7%
preferred
(s-a)
pfd.
(quar.)
Chemical,
(quar.)
Utilities,
of
1
6-11
6%
1
6-11
7-
1
7-
(quar.)
6-30
1
6-22
5
6-25
6-14
Co.
&
6-22
Morris
6-30
6-22
Morris Plan Industrial
6-15
'
6-30
6-11
Morrison
Quarterly
(New Haven)
9-
1
8-20
—
9-
1
8-20
Munson
12- 1
11-20
12-
1
11-20
1
6-17
Morris & Co.
(quar.)
:
Mueller Brass Co.
Line,
1
6-15
7-
1
6-15
Muskegon Piston Ring
37V2c
6-25
6-15
Mutual
6-25
6-15
6%
7-24
6-30
7-15
6-30
7-15
6-30
6%
Chemical Co.
preferred
preferred
6%
Mutual
7-
1
6-17
6-10
Ohio
6-21
Nachmann-Springfilled
$1.62J/2
7-
1
6-19
Nash-Kelvinator
Ogden Corp.
10-
1
9-21
Nashua
1-3-44
12-24
$1.62Vi
1
6-15
2nd
7-
1
6-15
7%
7- 1
6-
6-30
6-16
$iy2
8-14
8-
5
11-
8
Mfg.,
Extra
7-
pfd.
National
&
Auto
Class
convertible
Biscuit
Breweries, Ltd.,
$iy4
7-
1
6-18
7- 1
;6-15
30c
preferred
National
6-15
1
7- 2
6-25
7-
1
6-15
Co.,
1
6-15
Oklahoma Natural Gas, common
6-15
50c
7-15
6-30
50c
7-
1
6-15
Candy Co.,
.
-
National
6-30
National
25c
7-10
6-19
National
8c
7-1
30c
6-22
6-15
7- 1
6-15
Cash
—
Electric
Welding Machine
(quar.)_
series
&
Pacific
Can
Pacific
Greyhound Lines,
6-29
6-15
Pacific
Indemnity
7-
2
6-21
Pacific
Lighting Corp., $5
7-
1
6-15
Pacific
Public
7-
1
6-15
Pacific Southern
7-
1
6-19
Pacific Tel. & Tel.,
6-30
6-10
6-17
9-28
9-16
12-28
12-16
7%
7-
1
7
6-19
6-19
7-
Atlantic
Co.
6-19
Peerless
9-
8-10
12-
11-10
pfd.
(quar.)
(increased)—
common
pfd. series A
(quar.)
Pictures.
Inc.
Co.
Telephone,
$1%
7- 1
6-10
$1%
7-
1
6-11
417V2c
7-15
6-19
National
417Vic
7-15
6-19
$1
7-1
6-18
Investors
cumulative
cumulative
7-
6-11*
7-
6-11*
Penney
7-15
6-30
8-
1
7-17
Pennsylvania Edison Co., $5 pfd.
$2.80 preferred (quar.)_
8-
1
7-17
Pennsylvania
7-
10-20
6-25
6-15
7-
1
6-24
440c
(quarterly)
Corp. (s-a)
Co., common
preferred B (quar.)
10-30
7-
1
6-
1
437V2c
National Lead
preference
$1.40
$1.40
2c
7-
1
6-
1
Traffic
(J.
Co.
C.)
class
A
6-21
6-18
1
7-
1
6-15
7-15
6-30
10c
6-28
6-18
6-30
6-11
$iy2
6-30
6-16
7-15
6-30
6-30
6-19
6-30
6-19
7-
1
6-15
7-15
6-30
7-
1
6-18
6-28
6-10
7-15
7-
1
7-
1
6-15
6-30
6-15
6-16
6-25
6-21
$3
6-30
6-19
6c
7-28
^-26
7-
1
10-
6-10
6-15
A
1
9-15
1-1-44
12-15
35c
(quar.)
8-15
8-
5
11-
5
35c
(quar.)
(irregular)
—
Co.
Exchange Bank
2-5-44
7-24
7-14
6-30
6-10
$1.25
—
(s-a)__
7-
1
6-10
70c
(quar.)
(NY)
2-15-44
10c
(quar.)
A
11-15
35C
75C
class
7-
1
6-10
30c
6-23
6-12
10c
6-30
6-18
6-30
(quar.).
6-23
15c
;_
—
Pennsylvania Forge Corp.
6-18
Extra
Pennsylvania Glass Sand Corp.,
5% preferred (quar.)
$7 preferred
."
(quar.)
(quar.)—
12VaC
6-30
6-11
Pennsylvania
2
7-23
Pennsylvania Telephone $2y2
Sugar
Co.,
7-
1
6-15
$iy»
7-
1
6-15
$iy4
7-
1
6-15
$iy2
$1%
Pennsylvania Railroad Company
5%
6-12
25c
common
Pennsylvania Power & Light, $5 pfd.
$6 preferred (quar.)
6-30
8-
6-15
7-
50c
class
7-20
$iy2
1
6-30
50c
cumulative
10c
,
7-
50c
(quar.)
common
6-11*
50c
—
6-15
15c
(irreg.)
6-11*
7-23
1
$1
Wilcox
7-
2
5-10
7-
25c
Casualty (N. H.) 6%
7-
8-
5-10
1
30C
(quar.)_
Shares
Stow &
Extra
1
5-25
$1
(quar.)
(quar.)
2
5-25 .:Y
6-
1
50C
(quar.)
7
1
6-21
50c
(quar.)
common
$1.40
7-
7-
7-
$1.40
(quar.)_—
Companies,
Common
6-
Y
7-
4$l'/4
Common
1
6-21
$3%
—
2
7-15
6-10
$3'/2
(s-a)
pfd. (s-a)_
Pend Oreille Mines & Metals Co. (interim)—
Penn
7-15
6-30
75c
.
2
6-11*
7-15
8-16
$1V4
____
(quar.):
6-
1
8-16
$iy2
pfd.
6-
7-
6-11
50c
(quar.)
7-
7-15
6-15
6-21
87'/2c
(quar.)
Appliance
Peninsular
2
50c
(s-a)
(quar.)
preferred
American
Peck,
7-
7-
$iy8
Company (quar.)
Patino Mines & Enterprises Consol., Inc.—
6-19
6-21
6-15
415c
(quar.)_
Investors, $3 pfd. (quar.)
Mfg., 7%
Paramount
6-19
1
1
4$lJ/4
$3.50
Company
Service
preferred
7-
6-15
7-
7-
450c
Panhandle Eastern Pipe Line, common.—
7-
6-30
t$iy2 ?
preferred series B (s-a)
Parker
6-15
20c
com.
Telegraph
Page-Hershey Tubes
4%
6-30
80c
(quar.)
preferred
Pacolet
6-28
6-11
6-15
25c
Pacific
6-18
6%
6-15
6-30
4$H'4
(quar.)_
(quar.)_
6-24
50c
Enameling & Stamping (irregular)
Folding Box, common
National Grocers, Ltd., com.
(interim)
6%
dividend
6-14
:
6-10
1
Power—
1
20c
12y2c
2c
—
Quarterly
$1.50
Tail
6-29
25c
50c
75c
(quar.)—
Dairy Products (quar.)
Department Stores (quar.)_
National
6-18
Light, Heat & Power,
preferred (quar.)
5%
Otter
1
7-
'
Ottawa
8-26
7-
6-30
4$1.75
$1%
$1%
(quar.)
National
$iy4
6-21
6-10
$2
Elevator, common—
Ottawa Electric Ry., com. (quar.)
6% preferred (quar.)
11-25
1
$5
Otis
1
7-
$1%
(irregular)
25c
(quar.)—
(quar.)
6-21
1
1
6-15
6-10
425c
7% preferred (quar.)
Oppenheim Collins & Co.
9-
6-15
1
1
75c
(interim)
1
10-
6-30
1
77-
50c
7*
1-3-44
7-
v*
Co., Ltd.—
444c
+.
(quar.)
7-15
Common
6-15
35c
Co
Steel Products
6-29
50c
$1%
93 %c
15c
15c
30c
450c
(quar.)
Register (quar.)
National City Lines, Inc., Class A
$3 conv. preferred
(quar.)
7- 1
Ontario
6-
(s-a)__
common
1st preferred
$lJ/2
Ontario
6-10
6-15
1
$2.50
(quar.)
6-10
6-10
1
7-
$1
6-15
12-
7-
(annual)—
A—
6-11
6-25
(quar.)
2nd preferred
37V£c
class
Omnibus Corp., 8% conv. preferred
Ontario Loan & Debenture (quar.)
75c
12y2c
$lJ/4
pfd.
(quar.)
Telegraph
preferred
Mfg.
7-
20c
(quar.)___^
$5% convertible prior preferred (quar.)__
Old Colony Insurance Co.
(Mass.)
(quar.)
6-15
6-15
$iy2
7-
6-11
1
$l»/4
Water
6-15
7-
$1.80
&
$3
6-11
$1%
1
Ohio
,
8
6-
1
$iy2
(reduced quar.)_
Ohio
*
8
6-24
7-
$1.65
______
6-15
Service,
6-
$3
!—
6-12
6-16
common
35c
(quar.)
Mississippi
1
6-24
$iy»
1
.
5-28
.
35c
prior preferred (quar.)
6% preferred (quar.)
6-28
gtd.
common
7%
National
preferred
Ohio Finance Co., common
;Y
6-14
7-
;
(quar.)
(quar.)—
preferred (quar.)_____
$7 preferred iquar.)
:
$7.20
6-15
6-28
Y'Y
preferred
$5.60
Extra
50c
1
6-15
6-30
425C
$6.60
6-15
6-15
7-1
75c
,
$6
7-
1
... _______
6-20
6-15
7-
(quar.)
25c
National
7%
_T__
Edison, $5 preferred
Paraffine
—
preferred
(intial)
1
40c
National
$2
5bc
6-10
1
6-15
7»/2c
Ohio
2
6-15
1
(quar.)_
6-19
6-30
conv.
pfd.
B
6-15
(increased)—
7J/2%
8%
7-2
7-
1
(quar.)_.
Ohio Cities Water, $6 pfd. A (accum.)______
7-15
77-
(quar.)_
.
6-30
$iy2
6-20
7-15
(quar.)__
6%
4$iy2
87y2c
(quar.)
6-
6-28
(quar.)
Fibres
5-29
6-30
7-26
1
50c
.'
Decatur RR.
6-30
6-25
7-26
2
i,
preferred C (quar.)
Nashville
6%
1st
•
7-15
412c
7-
$lJ/2
$1V2
$lJ/2
50c
Corp
preferred
6-15
(s-a)
Mills, common
Co., Class A__
Brass
(quar.)__
Corp.
6-20
2
7-
America—
(quar.)
7-1
6-20
1 Y
7-
pfd.
Ogilvie Flour
6-30
RR,
Corp.
Corp,
30c
20c
(quar.)
preferred (quar.)
System, 8% preferred
(F. E.) & Bros Co
1
7-
50c
$1.18%
20c
$1%
(irregular)
of
7-
7-
$iy2
$1
$1
6-10
6-10
$2
Worcester
Nu-Enamel
2
1
1
48%c
7-
40c
$2
A_:
7-
25c
&
Novadel-Agene
1
7-
6-
7-
87y2c
7-
$1%
$iyi
—
Murphy (G.'C.) Co., 4%% pfd. (quar.)___
Murphy Paint, Ltd., common (quar.)
5y2% preferred (quar.)
Murray Ohio Mfg.
5
_
Norwich
7-
.
1
7-
(accum.)
pfd.
Norwalk Tire & Rubber, 7%
2
6-21
6-21
20c
7%
Northwestern Telegraph Co.
6-20
1
1
7-
(quar.)
6-15
Y>7-
6-21
7-
7-
St
(quar.)__;
Oil, Ltd.,
6-21'
1
6-30
2
75c
1
/
6-14
8-
7iyec
1
6-17
11- I
6-30
Finance Corp.—
preferred
Star
$4V2
(quar.)
Inc., $4 pfd.
Gas
(quar.)
7-
:
8-16
11-15
50c
(quar.)
preferred
preferred
North
6-21
6-19
—
7-
Consolidated—
preferred
(quar.)
Finance, $5 pfd. (quar.)
Pacific
of
25c
10c
Society (quar.)
i.
Cafeterias
7- 1
7%
Philip
see
share
(one
held)
6-15
—
6-18
—
Y, .7$
6-15
6-15
1
Co.—
1
1
7-15
7-
$l'/a
Gas
1
6-15
50c
Ry.
(quar.)
6-30
6-30
6-18
$iy2
Central
Plan Bank
6-
6-20
7-
1
;
Natural
(Philip)
6-21
6-30
6-15
7-
(resumed)-
com.
Northern
Morris
6-14
preferred
Corp.,
Northern
6-14
7-15
1
?
Northern Ontario Power, common——
; 6%
preferred (quar.)
6-16
11-24
1
7-
(quar.)
6-15
Y'ldf
6-30
1
7-
50c
6-19
7-
6-16
50C
6-30
7-
6-11
6-26
30c
.
I I" I
7-
6-11
6-11
6-25
7-
—
(quar.)_.
preferred
Prior
6-12
7-15
6-25
Corp.,
Car
A
North American
6-19
6-25
9-10
12-10
5%
pfd.
5%%
6-30
6-15
B
common
(quar)___
stock
7-
6-28
8-25
Md.,
43%c
87y2c
(quar.)..
common
"
7-
6-11
6-15
87'/2C
5%
-—
,
preferred
$3.50
7-1
(quar.)
v
Y
1
.Electric for eyery 100 shares of common
y
6-15
6-12
4$1.37y2
50c
12y2c
4$1.20
$l3/4
Irregular
11-15
(quar.)
A
Common
.
1
7-
10c
File
American
1
7-
7-15
7-
75C
1_—
(quar.)
Corp.
Hundred
1st
North
6-25
glpf
6-21
$2
430c
cum.
preferred (quar.)
___:
Manufacturing Co
:
Molybdenum Corporation of America
7%
—
Class
1
$1
$1V4
4$1
5y2%
$5
—
—.___
Nicholson
Nineteen
7-
Y
$1.50
(Irregular);
6-
6-15
YVY':-
Modine
11-24
(N. Y.)—
_
1
6-30
10c
—
pfd. (quar.)
Marion Steam Shovel, preferred
Marion Water, 7%
pfd. (quar.)___
Maritime Tel. & Tel., common (quar.)
7% preferred (quar.)
Corp.
—
$6
—
Midland Corp.
Marlin-Rockwell
(quar.)
(quar.)
$1 Va
$5
1
7- 1
$iy»
6%
preferred (quar.)
$iy2 :s 7-1
7-1
Montgomery County Trust Co. (N. Y.) (s-a)
$5
7-15
Montgomery Ward & Co., com. (quar.)
50c
7- 1
$7 Class A (quar.)
$1.75
7-15
Montreal Telegraph Co. (quar.)
448c
7- 1
Moore Corp., Ltd., common (quar.)
455V2c
7- 1
7% preferred A (quar.)
$1%
7- 1
7% preferred B (quar.)
$l3/4
7- 1
Moore (Wm. R.) Dry Goods, (quar.)
$lJ/a
10-1
Quarterly
$l'/2
1-3-44
Quarterly
1——$1M».
$1
Mfg. Co. (quar.)———
Marathon Paper Mills, 6% pfd. (quar.)—
Marchant Calculating
Machine (quar.)
Margay Oil Corp (quar.)_
Power,
_____
pfd.
Extra
7-15
50c
Consolidated
Trust
7-
7-
Share
7~ 1
6V4c
25c
$1%
$ll/a
$l3/i
$iy2
$1V2
$l3/4
$1.50
Mississippi Valley Public Servicer-?
Common (quar.)
6% preferred B (quar.)
Mitchell
(Robert) Co., Ltd.__^
Mobile & Birmingham RR., 4% pfd. (s-a)—
Modern Containers, Ltd., common (quar.)—
Y 8- 1
9-10
12-10
f$6
Reserve
Niagara
5c
—
$7 preferred (quar.)
Mississippi River Pwr. Co., 6%
$3
(quar.)
Midland
preferred
$6 preferred (quar.)
Mississippi Power Co.,
40c
—
50c
50c
_•
common
(quar.)
$1.62Vi
Semi-annual
Marion
Mfg.
Montana-Dakota
27y2c
Mansfield Tire & Rubber, 6% pfd. (quar.)—
Manufacturers Life Insurance (Toronto)—
Marine
7%
Myers
—
preferred
preferred
$2
(quar.)
(quar.).
prior preference (quar.)
7%
6-15
371/2c
(quar.)—
—
Marine
Inc.,
Minneapolis Power & Light, 6%
7%
$iy4
Mahoning Coal RR., common
5% preferred (s-a)
Mapes
&
Monroe
31V4c
(quar.)
convertible
Tool
Midwest
25c
—
Lykens Valley RR. & Coal (s-a)
Lynchburg & Abingdon Tel. (s-a)
Macy (R. H.) & Co. (quar.)
Magor Car Corp. (irregular)
Manufacturers Trust Co.
440c
50c
25c
common
preferred
6-
Co.—
(irregular)
Refineries,
6-17
$1V4
(interim)
6V2 %
$2
Co.
60c
$3
(s-a)
$2 non-cum. preferred (quar.)
Midvale
$2 Y.Y-7-
preferred
(quar.)—
Common
Savings
Midland Steel Products, common
8% preferred (quar.)
25c
_Y.
6V2%
Magnin (I.) & Co., 6%
6% preferred (quar.)
&
Ont.)
$iy4 Y
Manufacturing Co., Inc.—
preferred
Lunkenheimer Co.,
Loan
(Port Hope,
$l,/4
($100 par) (quar.)
($25 par), (quar.)
Valve
1
Co.
Trust
6-19
50c
(quar.)
(Ky.)
7-
York
1
Motor
___
Elec.
New
$6
5c
2
$1.75
pfd. (quar.)
—____—
$6 1st pfd. B
(quar.)
6-17
8-
Mining
(s-a>__
7%
Co.,
6-19
6-19
75c
(Del.) class A (quar.)
(quar.)
Gas
6-
Telegraph
Lt.
&
6-23
Co.
$1%
(P.) Co., common
preferred (quar.)—
7%
1
Mutual
North American
6-19
8-25
Rosario
pfd.'(quar.)
6-15
4$1%
__
(quar.)
.
Lorillard
7-
10c
(quar.)
participating preferred
Participating
Lord & Taylor (quar.)
York Pwr.
$6
6-15
7- 1
7- 1
Longhorn Portland Cement—
5%
York
New
50c
__
Participating
New
6-1
1
6-30
50c
preferred
6-16
6-21
1
1
6-30
$1
Cement
participating
1
7-
Monongahela West Penn Public Service—
75c
(quar.)_:
:
Long-Bell Lumber, 5% preferred—
5%
&
7-
junior preferred (quar.)
preferred (quar.)
6-19
50c
_
pfd.
Honduras
7-
7%
6-26
1
65c
York
(interim)
6-
6-15
50c
(quar.)__
common
Class A (quar.)
Noblitt-Sparks Industries
6-30
Canal—
____
1
Y 6-30
Y
1
50c
(irregular)
6-15
Monongahela
30c
7%
7-
7-
7-
50c
RR.
Extra
6-15
Monarch Life
$1 Vi
____
_
Theatres,
6-19
New
6-11
6-
$2'/2
(s-a)__—
common
City Omnibus,
l'Y
1
6-19
$2
.
(Marcus)
Central
York
7-
(quar.)
6-24
25c
___
York
New
7-1
5c
(quar.)
(irregular)
New
6-15
6-19
1
20c
preferred (s-a)_
6-20
1
6-19
6-15
7-
$2>/2
New York & Harlem RR.,
8
'Y7-1Y".
6-15
&
1
$1.25
_______
.___
10%
1
6-30
7-
$1%
(quar.)__
Industries, Inc. (irregular)
Newport News Shipbuilding & Dry Dock—
$5 preferred
(quar.)
$l'/a.
$l'/a
$1%
25c
(quar.)
Corp.
RR.
$1%
1940
6-15
$1.10
_
Northern
6-19
6-14
$1%
Newport
>
7-
6-19
6-10 Y
1
15C
r-
6-15
;
$iy2
Y
Service—
series
6-30
50c
Co.
London
7-
$l'/2
(s-a)
7-
Y
40c
(quar.)
7-16
6-30
$iy4
Inc
preferred (quar,)^..^..;
7-16
$1.10
&
Co.
.
33 l/3c
Jersey Power & Light, $6 pfd. (quar.)
Jersey Water, 7% pfd. (quar.)__^.____^
preferred
7- 1
50c
RR
Water
Idea,
Insurance
6%
37Vic
(monthly)
common
Aircraft
(quar.)
5c
(quar.)__
Cham
Loew's, Inc.
Public
pfd.
Haven
Fire
7-
62Vic
...
7%
25c
Co
Pipe,
preferred
$1.31V4
12Vic
___
—
Steel
811-
$1%
(Quar.)_
_
Schuylkill Navigation
Star
7- 1
10-
$2
$1.30
(s-a)
Lone
7-
6-12
(quar.)
gtd.
Hampshire
7-
$1V8
1____
.(quar.)
Thermit Corp.,
&
25c
Millers Falls Co., common
6-30
y
Miami RR. Co., special
Special guaranteed (quar.)
Original capital
(quar.)
Original capital
(quar.)
Loew's
6-25
50c
B
Lockheed
6-30
6-15
i
Match
preferred
Mid-West
•
L
kittle
Locke
3
6-19
—
$1 convertible preferred (quar.)
Lipton (Thos. J.) Co., 6% pfd. (quar.)
Liquid Carbonic Corp., common (quar.)
4 Vi %
preferred A (quar.)
1
1
6-21
6-30
50c
Midland
6-10
Y,
-
7-
1
9-
5
6-21
$3
$3'/a
5
7- 1
6-25
common...
Belt Co., 6 Vi % pfd.
(quar.)
Oil Refining Co. (quar.)
Lipe-Rollway Corp., class A (quar.)
1
6-18*
(quar.)
4
7-1
Lion
Joint
Transportation
4
$1
Link
8%
Miners
9-
5
9-
6-30
Bank (Chicago)
(s-a)
Refrigeration 7% pfd. (accum.).
Merck & Co., common (quar.)
1
4Va% preferred (quar.)....
9-
30c
Lion
&
9-
6-30
National
12-
\
.Quarterly
Lock
Merchants
11-
7- 2
—
(Ind.)
1
7-
New
30c
Merchants
9-15
$1
—
Lincoln Nat'l Life Insurance
7-
$1
6-15
Y./Yy: 50c
...
12-15
30c
—-YYY' 20c
Lima Locomotive Works
Class
6
9-11
i
pfd.
13c
vy
New
Mickelberry's Food Prods., $2.40 pfd. (quar.)
Midland Grocery Co., 6% preferred (s-a)—
17Vic
preferred (quar.)
Extra
Extra
$6
6-19
8-16
(irregular)—
4Vi#> preferred ,(quar.)
Lexington Telephone Co., 5.2%
Liggett & Myers Tobacco—
6-16
7-
Michigan
1
■
(quar.)___
7-16
1
35c
6-17
1
Y
(quar.)
preferred
2
7-
6-15
7-19
450c
___
4%
2
8-
60c
New
$1%
(quar.)
4%
8-
$1%
6-15
1
7-
Corp.—
Lehigh & Wilkes-Barre Corp
$iy2
_____
7-
8- 2
7-
■
15c
(accum.)
Company
Leath & Co., $2.50 preferred (quar.)
Lehigh Portland Cement, common (quar.),
8-26
pfd.
7-
6-17
7-
(quar.)
(quar.)
6-15
6-15
1
5%
preferred (accumulated) ____________
$2 preferred (accumulated)
New' England Telephone & Telegraph (irreg.)
25c
.
6-21
1
9-
Marcus Co.,
6-15:
$lVa
7-
$1%
6-14
—
..
6-18
6-18
(quar.)_______
6-30
(quar.)
6-18
6-30
1
$1V4
(NY)
6-15
Y
1
New
Merchants Bank
1
7-
New
pfd.
5%
6-30
8
7-
New
5%
6-30
12'/2c
preferred
6-19
6-19
17Vic
Roi
Stores
'
7-
25c
;__
common
1st
6-21
25c
(quar.)
6-15
$4'/2
7-
1
t$2
Banking & Loan (Hamilton, Ont.)—
Quarterly
Lerner
(irregular)
6-15
7-15
•
50c
7-
7-
62Vic
Landed
Latrobe Electric Steel
Y
1
$4Vb
(accum.)
(accum.)
7-
75c
62'/2c
;
7-
25c
preferred
75c
(quar.)
6-
Newberry (J.J.) Realty, 6% pfd. B (quar.)
6Va% pfd. A (quar.)
Newberry (J„ J.) Co., common (quar.)
New England Fire Insurance
(quar.)
New England Power Association—
6-30
6-18
6-15
1
1
4$1
(increased quar.)
preferred
$2
7-31
7-
$1.31 VA
6-15
514%
Supply,
Corpr
Neiman
7-15
17-
20c
6-22
8-16
50c
.____
Sugar Refining
$5.25
6-30
25c
7- 1
v;
Nehi
12-1
$$1.50
Ltd.
6%
37Vic
.
preferred (accurn.)
A
I
6-15
6-15
$1%
Finance
8-14
9-
5-31
1
(Ont.)-—
(quar.)
conv.
8-16
1
(quar.)
prior preferred (accum.)
Navarro Oil Co. (irregular)
11-15
9-
Co.
Car,
prior
6-15
6-29
$1%
.
6%
7-
7-
—
convertible preferred
La
La
...
(quar.)
$1%
& Sons
7%
8-31
11-30
$1%
Metropolitan Edison, $5 preferred (quar.)..
$l'/4
$6 preferred
(quar.)..Y.4,__$lVi
$7 preferred
(quar.)—
$1%
$6 prior preferred (quar.)
$l,/2
$7 prior preferred (quar.)
$1%
Michigan Associates Tel., 6% pfd. (quar.)..
$l'/a
25c
(John A.)
National
6-30
$lVi
(quar.)
Langleys, Ltd.
National
8
Y;7«Yi
Metal
$1
(quar.)
Lang
B
Mesta Machine Co
(quar.)
preferred
8
6-
30c
10c
6-21
25c
preferred
5
6-
62Vic
Michigan Silica
7%
6-
6-30
(initial—s-a),
6-21
Machine,
7%
Little
6-15
6-21
6-30
6-21
6-30
15c
Standard
National Steel
43%o
43 %c
(quar.)____
Gas
6-21
.
Common
7%
6-15
National
partic. pfd
(irregular)
Mengel Company, 5% 1st preferred (s-a)„
Mercantile Acceptance Corp. of Calif.—
5% preferred (quar.)
Y
6% preferred (quar.)
;
Natural
1
$1 Vi
Co.
class
common
Distilleries,
1
(quar.)
____
pfd.
(quar.)
Meadville Telephone,
Melchers
Memphis
6-10
6-10
6-15
5-28
1
25c j
_!
Paper & Type, 5% preferred (s-a).
6-21
noiaete
vof Rec.
7-
25c
common______
Corp._..
Products_____
7-10
$7
(s-a)
7-
(quar.)
Le
1
preferred
7-
.___
Sessions, $2.50 preferred (quar.)—
Common
70c
6-10
6-
6-15
20c
(Increased s-a)
7%
6-10
National
$7
,
Co.
& Cp.,
62Vic
Lambton Loan & Investment
Landis
1
6-30
6-23
Stores
&
Oil
Payable
25c
National Radiator
75c
Extra
7%
6-30
Mfrs.
When
Snare
50c
&
Mfg.
Mead Johnson
6-19
6-18
6-15
National
25c
___
Dredging Co.
67Vic
Kroger Grocery & Baking—
6% 1st preferred (quar.)
7% 2nd preferred (quar.)
(quar.)
G.)
National
6-30
Y
6-15
35c
——
Company
6-30
5J/a%
preferred (quar.)
(A.
Name of
1
'
National Linen Service Corp.,
$l3/4
__
7%
Y
V
6-15
8c
;
_
McColl-Frontenac Oil Co., 6% pfd,
McCrory Stores Corp (quar.)__..
McGraw-Hill Publishing (increased)
6-15
25c
_
6% preferred (quar.)
Kresge Department Stores—
Co,
7%
Merchants
r
Koppers Co.,
convertible
Stores
Per
of Ree.
25c
Inc.-
(accum.)
McQuay-Norris
6-29
62Vic
75c
87Vic
common
(quar.)
7-
(accum.)
preferred
McKee
7- 1
7- 1
7- 1
47c
preferred
Department
7%
6-15
1
70c
25c •••/
$lVa
7%
6-15
•
Fund,
(quarterly)..,.
Works, common
Alkali
McWilliams
7- 1
7- 1
7- 1
2Vic
(quar.)___
preferred
Lamson &
7-16
1
(quar.)_
common
Co.,
preferred
Lambert
6-18
Second
7% preferred (quar.)
Mattiessen & Hegeler Zinc—
McClatchy Newspapers,
1
50c
tioitiers
6-30
4$iy2
_
__________
Co.
6-15
6-
(interim)
Mines
Electric
May
6-15
(quar.)
(extra)____________________
Investors
6-14
6-
-
•
Gold
(Emil D.)
4%
6-15
6-18
—
Kimberly-Clark Corp., common——
6 % preferred (quar.)
Kings County Lighting—
5% preferred "D"
(accumulative)—
6% preferred "C" (accumulative)
7% preferred "B" (accumulative)
$2%
1
1
1
1
6-14
7- 1
——
B
Kerr-Addison
Keystone Public Service, $2.80 pfd.
$2.70
,
6-30
6-30
7-15
7- 1
—
Kerlyn Oil Co.,
Klein
6-15
25c
25c
SIVa
83/4C
——
—
Kentucky Utilities,
Class
6-14
37V2C
B
Class
Master
When
Payable
6% pfd. (quar.)_;
;
$lVa
second series -(quar.$lVa.
Ltd., 6% preferred
Maryland Trust Co. (Bait.) '
Corp.
Per
share
v
Company
Co.,
preferred,
Massachusetts
.
,
$1%
25c
37Vic
(quar.)
convertible preferred
6%
&
Marven's
6-19
1
vYYyYY:.,Y
i
■"
Name of
Field
9-15
7-28
7- 1
7- 1
7- 1
50c
<.15c
$1%
i2v2c
75c
.
Neith-Albee-Orpheum Corp—
7%
1
7-1
SlVa
$4.50 preferred (quar.)_—
Ltd. (quar.)
(Charles)
preferred
77"
777.7V7-
'
Kaufman
6%
'Y -Y-
;
Mathieson
$l'/2
pfd. (quar.)—
pfd. (quar.)
Natural
(quar.)
Co.,
Drug
Kaufman
7-
8" 1
15c
:—
—-
_
(quar.)
preferred
4
Light—
&
$6 preferred B (quar.)
Kansas Electric Power, 5%
Kansas
4
6-
10- 1
$2.95
.
Kansas
■.
Marshall
Masonite
:
—
4
6-
7-15
Sl'/a
6%
6-
7- 6
7- 1
7- 1
50c
$1%
Sl'A
common—.—_
A
YY'tY'
of Reo.
Payable
thare
Name of Company
Holaert
When
Per
■.
.
7-
1
7-
1
6-15
6-15
6-29
6-
i2y2c
7-
1
6-15
62'/2C
7-
1
6-15
(irreg.)—_
$1
pfd. (quar.)__
pfd. (quar.)__
5
v
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4187
157
Volume
Peoples
Works,
Water
40c
$1
7- 1
46-11
30c
6-21
6-14
6-15
—
50c
37Vic
25c
t2c
25c
—
.—-——
—
pfd.
7%
Sugar Co.
(irregular)
Company (quar.)
Pepeekeo
Permutit
Perron
(quar.)
Stove
Perfection
Mines,
RR.
Peterboro
Petroleum
of
Corp.
America_____
Philadelphia Co., $6 preferred
Reduced
Quarterly
20c
6-25
7- 1
6-10
6-1
Quarterly
Sangamo Electric
7- 1
7- 1
7- 1
6-30
7- 1
6-
Savannah
$1(4
$1(4
$1.50
$1.50
20c
50c
Philadelphia Electric Power, 8% pfd. (quar.)
Philadelphia Transportation—
$1.31(4
50c
75c
t5c
(interim).
Ltd.
6(4%
6-21
7%
6-
9
10-
8%
1
6-22
(s-a)
Scranton
Scudder, Stevens & Clark Fund, Inc.
Seattle Brewing & Malting..^
Securities Acceptance Corp.—
Common
Coal
Pittsfield
Pittston
Union
Tool
Co.,
6%
:
Plume
Atwood
&
Pollack
4%
preferred
6%
Ltd.,
pfd.
7%
of Canada, common (interim).,
v
t$l(4
$75c
40c
tl(4c
25c
6'Ac
62(4c
J5c
t$l%
$2
...
5%
Price
—
preferred (quar.)
2nd
preferred
East
Brothers
—_—
(quar.);
Mines
Dome
(quar.)
—
5(4%
& Co..
pfd. (quar.)
preferred (quar.)—
Proctor & Gamble, 8%
6-10
5%
6-10
6-10
6-25"
6-19
South
Pittsburgh Water,
7- 1
.' 7- 1
6-19
South
Porto
25c
6-30
6-
50c
7-15
(quar.)..
$1.25
50c
......—
50c
7- 1
6-25
•(.6-25
Common
—
.
__
______
of America—
$3.50 cum. 1st preferred (quar.)
$5 cum. preferred, class B
Rath Packing Co., 5% preferred (s-a)
4 6%
$2
6%
6%
4 7-1*
Reed
(Canada)
Bit
Roller
6-14
$1.60
non-cum.
non-cum.
$1(4
30c
$1(4
$1(4
$1
$1(4
10-15
7-11
7- 1
7- 1
5(4 %
6-18
(quar.)
(quar.)__
(quar.)—.
(Ohio)
Stores,
common
'
preferred (quar.)
Remington-Rand, Inc., common (quar.)...—
$4(4 preferred (quar.)
Rensselaer County Bank & Trust Co. (N.Y.)—
7%
Quarterly
Rensselaer
7- 1
50c
t$l
30c
7- 2
6-30
Saratoga
RR
90c
12(4c
37(4c
30c
(s-a)
7- 1
$4
7- 1
Brothers Co
Richman
Products
Metal
Company,
Riverside
Metal
Riverside
Silk
$1(4
—
(irregular)
(quar.)
Telephone,
1st pfd. A
4(4%
&
Romec
Pump
Bros.,
Ruberoid
Rubinstein
Corp.
8-16
11-15
6-26
6-18
6-18
Company
A
(quaf.)__
(quar.)—
—
(Bait.)
—
Co., com. (irreg.)
preferred (quar.)____
___:
Spalding (A. G.) & Bros., $1.50 pfd. (irreg.)
Springfield Fire & Marine Insurance (quar.)
Springfield Gas & Elec. $7 pfd. (quar.)
.'
Square D Co., common.
—____________—
5%
convertible preferred (quar.)
Squibb (E. R.) & Sons—
$5 preferred Series A (quar.)
1_
Staley (A. E.) Mfg. Co., common...
$5 preferred (quar.)_________
—
Standard-Coosa-Thatcher
Co.
(quar.)__j.
Pub.
Serv.
6(4%
T
>
(quar.)..
Car Heating & Lighting (quar.)—
Croix Paper Co., 6% pfd. (s-a)
Safety
6-30
7- 1
6-22
6-15
6-24
6-10
$1(4
50c
$2
7- 1
6-15
7-15
7- 1
6-15
6-15*
7-1
7- 1
Fruit
Standard
&
8-16
9- 1
10c
$1(4
10c
$1(4
$1(4
35c
-
6-16
6-30
9-15.
6-21
7- 1
7-1
6-16
8-14
6- 5
6-15
6-15
7-15
7-13
25c
$1.62(4
$1
$1.12
$13A
50c
$1(4
$1.25
50c
$1(4
50c
7- 1
7- 1
6-30
8- 1
10-15
7- 1
7- 1
6-30
7-1
8- 2
6-21
6-21
7-1
$1(4
Tunnel
RR
(St.:
convertible
$1.50
Twin
208
Clutch
Disc
pfd. A
$6 pfd.
La
South
Tybor Stores,
Inc.,
Elliot
Underwood
Carbide &
$$1(4
Union
Pacific
RR.
Carbon
United
6-19
6-19
6-15
7-20
10- 5
6-15*
6-15
6-16
6-30
7-15
6-10
6-10
6-19
7-15
Spring(l-20th
of
1
of
1
5%
5%
$1
7-20
10- 1
6-30
1-10
9-20
6-16
12 (4 c
share)
share)
(increased)
6-30
6-16
6-16
Common
6-
5% preferred (quar.)____
5% preferred (quar.)
$1(4
$1(4
6-30
9-30
5%
$1(4
12-31
7- 1
7- 1
6-30
W 6-
9
9
6-9
6-15
9-15
6-15
9-15
6-15
6-15
6-18
preferred (quar.)
Brothers, Ltd., common (quar.)
6%
convertible preferred (quar.)._
Steel Products Engineering Co.
(quar.)..___
Sterchi Bros. Stores, 6% 1st pfd. (quar.)
Stix Baer & Fuller Co., 7% pfd. (quar.)
Stedman
United
Elastic
United
Fuel
6 %
$5
preferred
6-12
Sun
(quar.)
Life
Oil
Industries
Glow
Sun
Assurance
Co.,
4(4%
(irreg.)
:
(quar.)___
(Canada)
class
A
(quar.)
pfd.
6-15
Sylvania
120c
6-30
6-10
6-30
6-10
Syracuse Transit Corp.,
6-15
Tacony-Palmyra Bridge Co.—
(quar.)
Sylvanite Gold Mines (quar.)
6-21
Sunray Oil Corp., 5(4% convert, pfd.
Mining Co. (irregular)_.
(quar.)
6-19
Sunshine
6-19
Superior Steel Corp
Supersilk Hosiery Mills, 5% pfd. (s-a)
Supertest Petroleum Corp., com. bearer (s-a)
6-19
6-10
6-10
6-10
6-10
Ordinary
$1.50
Swift
&
preferred B (s-a)
Co. (quar.)
Common
6-15
Class
6-23
5%
A
i
(s-a)
Electric
bearer
;
Products,
shares
common
(quar.)
common
(irregular)
A
Standard
—
7-15
6-30
7-
6-15
$$1.75
6-15
37(4c
6-30
6-15
6-25
6-15
50c
7-
>
1
6-18
6-30
5c
50c
6-10
6-21*
6-30
6-29
6-16
75c
7-
1
6-
10c
7-
1
6-10
95c
15c
$1(4
7-
1
6-10
6-22
6-10
6-22
6-10
$1(4
7-
1
7-
1
6-15
$38c
8-16
7-15
35c
% 6-24
$2(4
(accum.)._
(quar.)
f
■
(quar.)___
Illuminating
1
6-30
25c
Ltd.—
6-
6-
6-30
5-28
6-30
6-15
6-30
50c
7-
Co
5-28
6-30
U.
S.
U.
S.
Gypsum,
7%
U.
Leather
6-15
7-10
6-21
7-
6
6-15
37(4c
7-
6
6-15
7-
1
6-19
$1%
P. 7- 1
6-19
40c
6-30
6-11
50c
7-
1
6-15
$134
__
;
7-
1
6-15
7-
1
6-10
$?(4
Co.
(N.Y.)
(quar.)_
common
./
(quar.)
preferred
S.
6-15
1
62(4c
(quar.).
(s-a)____
Guarantee
1
7-
50c
$2.50
(s-a)
preferred
S.
6-15
7-
53c
(quar.)
common
(quar.)
Co.
Gauge
7%
U.
Machinery,
7-1
58(4c
(monthly)
prior preferred (monthly)
preferred
prior pref.
7i%
Co.,
United States Pipe
(quar.)
U.
Rubber
S.
8%
$5
U.
Co.,
States
Trust
United
■■
(N.Y.)
Co.
class
Products
preferred
__.
——_
(quar.)
Wagner Electric Co. (quar.)—_:—
Waldorf System, Inc. (quar.)_—
(interim)
Ward Baking Co., $7 preferred
Ware River RR. gtd. (s-a)___
Warren Brothers, class A (s-a)
D.) Co
8- 2
6-15
6-15
6-30
6-15
7-10
6834c
10c
30c
$2.50
$50c
$50c
$75c
30c
25c
7- 1
6-30
6- 1
7- 1
7- 2
7- 2
7- 2
7- 2
-7-1
7- 1
6-15
6-18
6-18
6-18
6-18
6-1
6-19
7-15
5-25
$3c
75c
7-15
9- 1
$1(4
(accum >
•
—
Mills, common..
preferred
(s-a)
___
+—-—
Wayne Pump Co
—
Weber Showcase & Fixture Co.,
$2
partic.
.
(quar.)
Motor
7- 1
7-16
6%
—.—
Brewery
Wayne Knitting
1st pfd.
7%
(accum.)
preferred (quar.)
Fund, Inc.,
(irregular)_-_
Wellington
Oil
West
West
Penn
8%
West
4(4%
Power,
preferred
common—.
(quar.)
West Texas Utilities, $6
West
—-
6-30
6-21
7-
1
6-
1
7-
1
6-
1
7-
1
6-21
10-
(1
9-21
62(40
$1.50
$92
$1
15c
1-3-44
12-24
7-
1
6-12
7-
1
7-
1
6-21
6-36
6-10
$1%
6-30
6-10
:
6-10
6-21
9-10
9-
1
12-10
12-
1
7-
7
6-10
7-
1
6-19
6-30
6-19
1
6-21
7-
$134
$1(4
62(4c
37(4c
$1(4
6-21
6-
6-24
6-18
2
7-17
6-21
6-10
9-20
9-10
$134
$134
$$1
50c
25c
$5c
75c
$3(4
67(4c
25c
25c
7-20
50c
$1.50
50c
8-
10-20
7-
1
6-21
1
7-10
10-
9
6-1
6-
2
1
6-18
6-29
6-15
6-30
6-15
7-
6-30
7-
7
8-
2
7-19
6-25
6-16
7-
1
6-15
7-
1
6-15
7-
1
6-15
7-
1
6-19
7-
1
6-15
25c
6-22
5-24
$13A
20c
8-31
8-15
50c
$2
$1.50
$13A
25c
$1(4
6-30
6-17
7-
1
6-15
7-
1
6-15
7-
1
6-15
6-30
6-15
6-25
6-10
7-15
6-18
$1(4
15c
7-
1
6-15
7-
1
6-15
$1(4
preferred (quar.)—
Virginia Pulp & Paper
7-
1
6-15
50c
6-30
6-25
$3(4
6-30
6-19
Virginia Water Service—
8-15
West
6-26
6-15
Western
8- 2
6-17
$6
9-27
12-27
62(4c
62(4c
25c
& Snowdrift
Boylston Mfg. Co. of Ala.—
non-cumulative preferred
Jersey & Seashore RR. Co. (s-a)—__
Penn Electric, class A (quar.)
—
West
6-26
1
Inc.—
Welch Grape Juice Co., common
Wesson
10-
1-1-44
$1(4
—
preferred (quar.)
preferred (quar.)
Wabasso Cotton, Ltd. (quar.)
Waukesha
1
25c
7%
6-23
6-16-
7-
$1(4
,____
Works--
L
6-15
6-30
$10c
Common
7- 1
6-17
25c
(quar.)
(interim)
7- 1
6-15
6-30
$1.75
$1.75
Tool
Machine
7% preferred (quar.)
Virginia Electric & .Power, $6 pfd. (quar.)__
Virginian Ry., common (quar.)
6% preferred (quar.)
Vulcan Detinning Co., comfiion
Warren (S.
6-15
6-25
75c
75c
15c
$1(4
$13A
■_
Vapor Car Heating, 7% pfd.
7% preferred (quar.)
pfd.
6-30
5c-
& Light—
(quar.)
5%
6-15
'6-15
75c
Company
preferred (quar.)
5% prior preferred (quar.)
_
5% prior preferred (quar.)
i
Valve Bag Co., 6% pfd. (quar.)
%
Valvoline Oil, 8%
preferred (accum.)
Van Camp Milk Co., $4 preferred (quar.)—
Van de Camp's Holland Dutch Bakers, com._
$6.50 preferred (quar.)
Ltd.
1
6-30
30c
40c
(irregular)
prior
Norman
2
7-
20c
class A pfd. (quar.)_
& Light $6 pfd. (accum.)
Power
4
25c
preferred (accum.)
XJtica Knitting Co.—
Ltd.,
7-
.-—
$7
Van
6-11
7-15
%
$15
preferred (quar.)
preferred (quar.)
5%
6-14
6-25
___.
(resumed)
A
Upper Michigan Power
Utah
6-28
$2
(quar.)___
Cyclops Steel
6%
6-15
(resumed)
(s-a)
Inc.
Universal
6%
6-
1
____________.
Cooler,
6%
6-25
$1.50
preferred
Universal
Universal
0-15
'
(quar.)
Utilities,
-•-Extra
11-30*
Sugar Corp.—
preferred
S.
-
H
7-
f
(accum.)
common
1st
non-cum.
1
$1(4
preferred class A
United
7-
25c
:__
common
United States Printing & Lithograph Co.—
$3
12-20
50c
50c
(quar.)
8-31*
9-20:.
50c
50c
Potash Co.,
S.
'
-v ••
Quarterly
Quarterly
U.
.
$1%,
; V/.
& Foundry Co.—
U. S. Playing Card Co.
6-15
6-11
1
;
prior preferred
6%
3
6-10
1
7-
10c
$1(4
$4c
,____
(reduced s-a)_
prior preferred (monthly)
United New Jersey RR. & Canal Co.
'
1
$4c
common.
6%
United Shoe
4
$75c
(quar.)_
common
on
Walkerville
6-11
9-10
7-24
8-
75c
preferred
25c
$1(4
$1(4
$2(4c
12(4c
$$3(4
$1(4
7-15
7- 1
6-10
United Light & Railways Co.—
6.36%
6-15
.
2
(quar.)____
1st pfd.
Gas Improvement,
preferred (quar.)_
7%
6-19
.
11-10
(initial)
United Gold Equities of Can.
6-20
6-20
6-15
6-24
6-15
'
common—
preferred (quar.)
6-30
6-30
9-16
12-17
7-
11-15
common
$1.50 class A (quar.)___
Corp.
20c
__
Sullivan Consolidated Mines
$15c
$75c
20c
75c
43%c
6-19
7-
8-14
.___
Investments
class
United
6-19
7-
$5
(quar.)
'
75c
Corp.
United
$5
1
25c
(quar.)
United Corps., Ltd.,
$3c
Stokley Brothers & Co., Inc., 5% pfd. (quar.)
5% pfd. (accum.)
Strawbrldge & Clothier,
Sun
6-14*
.___
6-18
7-
(quar.)
7%
Stecher-Traung Lithograph,
7-15
>
6-15
7-
(quar.)
6-30
(l-20th
7-
$1.50
Company, common______
preferred (quar.)
Union Metal Mfg., common (quar.)
$6 preferred (quar.)
7-15,
Co.
7-
7.6%
$1(4
S.)
6-15
$$1(4
Investment
Union
Standard Oil of Ohio,
(L.
7-
(quar.)
Carbon Corp.
6-10
dividend
6-15
(quar.).
Corp.,
common
Union Buffalo Mills, 7%
Union
Chemical
dividend
1
7-
$l34
412/3c
50c
58 l/3c
Monaghan,
Stock
1
6-
25c
(quar.)__-
(Dallas)
Fisher
Victor
Stock
6-
7-
(quar.).
Salle Street
Viau,
6-15
6-15
7-
$3
Co.
Victor
6-30
6-10
6-30
1
1 62(4c
6%
preferred
6-25
Steel
6-21
Louis)
6-19
6-15
Standard
6-10
2 (4c
$7(4c
$$134
(quar.)_______
Twentieth-Century Fox Film
7- 1
(quar.)
1
50c
& Bennington RR. (s-a)
Tuckett Tobacco Co., 7% preferred
7- 1
7- 1
pfd.
6-
7-
25c
75c
$$2
5%
6-21
7- 1
(irregular)
Co
Utah-Idaho Sugar, 60c,
$1(4
6-14
7-10
(quar.)__
Co.
(quar.)
$134
partic. preferred (accum.)—:
Fuel, 6(4% preferred (accum.)__—
National Corp., 7% pfd. (accum.)
$3
6-21
6-25
6-30
6-20
6-20
7-20
6-19
6-15
7-15
7-15
8-16
7-15
7- 1
Products
Standard
7- 1
7- 1
7- 1
37(4c
34%c
$20c
$$1(4
$1(4
Axle
Standard
6-18
$1
$3
7-1
1
7*
6-25
50c
preferred
6-19
6-11
$5
8-16
8-16
6-30
6-30
9-
SS,—
25c
25c
15c
1
9- 1
7-1
96-
$1(4
common
6-10
7-21
7- 1
7- 1
6-21
,
$1(4
10c
10c
4*
9-15
6-28
10c
Mortgage Co.
Ventures,
t$l3A
(irregular)
(increased)
class
$1(4
$1(4
$3
(quar.)
7- 1
7- 1
7- 1
7- 1
7- 1
6-30
6-21
6-21
6-28
$1(4
Inc.
pfd. (quar.)
Safe Deposit & Trust
St.
6-18
5%
7- 2
—
__
Russell Industries, Ltd., common
7%
6-17
6-17
——
(resumed)
A
preferred
Southwestern
6-15
6-15
& Elec.,
Gas
50c
-
$2
$1(4
(quar.)
(quar.)
(Helena),
$6
6-15
6-15
pfd.
non-cum.
$1.75
—
common...
(quar.)—
Pendleton
Cable
5%
15c
50c
15c
participating class A pfd. (quar.)
(Sabin) Paper, 7% pfd. (quar.)—
Valley RR (s-a).
Rome
Class
7- 1
6-30
60c
Co...—....—_—,
Robbins
Roeser
6-11
10-20
,
Co.,
pfd. (quar.)
pfd. (quar.)_
Southwestern Life Insurance (Dallas) (quar.)
Southwestern Light & Power—
r
Southwestern
2
Mills—
Rochester & Genessee
Rochester
$13A
$13A
—.
(quar.)..
common
$13A
$134
_____
pfd.
convertible preferred
5%
—
(quar.)—.
6%
8- 2
8- 2
7- 2
7- 1
7- 1
7- 1
10- 1
7- 1
10- 1
7- 1
15c
15c
25c
$1(4
$1(4
50c
$1(4
30c
25c
——
Works,
Water
Richmond
Roos
8-
Railway
Starrett
'
Ritter
1
1
1
1
1
2
7- 1
7- 1
7- 1
$1.75
25c
$lVb
—
Fund, Inc.—
6% preferred class A (quar.)
—
6% preferred class B (quar.)
______
Republic Steel Corp., common—.
...
6% preferred (quar.)
:
;—
6% prior preferred (quar.).
Rlce-Stix Dry Goods, 7% 1st pfd. (quar.)..
7% 1st preferred (quar.)
—
7% 2nd preferred (quar.).....—
7% 2nd preferred (quar.)
Riek.e
9127778-
$2.50
—
———_
&
40c
40c
>
Corp
Southland Royalty Co
Southwestern Associated Tel., $6
6-1
7-1
6-25
7- 8
Phosphate
Southern
6-10
Investors,
Republic
$2
Southern
6-18
7- 1
7- 1
11- 1
6-25
Natural Gas_______
6-10
>
6-25
8-31
87(4c
$1.25
$2(4
50c
1
25c
—
(quar.)
5% convertible preferred (quar.)
—
Reliance Manufacturing Co.,
(111.) common
Reliable
5-28
25c
5%
Southern
(quar.)___
(s-a)
preferred
preferred
Insurance
Fire
6-25
Edison—
9-20
Co
$1.60
;
preferred4_^_____^___:_____
California
Southern
6-18
Regent Knitting Mills—
Reliable
non-cum.
6-14
7-15
Extra
Loan
6-15
6-15
6-10
6-30
12 (4c
preferred (quar.)
convertible preferred
7- 1
7- 1
8%
Estate
25c
25c
7- 1
6-25
7-15
6-
50c
Troy
6-30
7- 1
37(4c
(quar.)
2nd
original preferred (quar.) ______
preferred series C (quar.)
Southern Canada Power, Ltd., com. (quar.)
6% partic. preferred (quar.)
Southern Colorado Power, $6 1st pfd. (quar.)
50c
preferred (quar.).—...
Ray-O-Vac Co., common (quar.)...—......
Real
6-11*
50c
6-18
25c
'
preferred (quar.)
Reading Company, 2nd pfd.
__L__
Extra
1
Corp.
Inc.,
com.
$1(4
preferred (accum.).
$5 prior preferred (accum.)...
Puget Sound Pulp & Timber, 6% pfd. (quar.)
Pure Oil Co., 5% preferred (quar.)
6% preferred (quar.)_
—
Quaker Oats Co., common (quar.)
6%
preferred (quar.)
—
Rayonier,
Sugar,
pfd. (quar.)
(interim)
$134
$1(4
(quar.)____.
prior
Radio
Rico
4(4%
preferred (quar.)
South West Pennsylvania Pipe Lines
Southeastern Greyhound Lines—
6-15
6-21
40c
___4
„
8%
6-19
Puget Sound Power & Light—
$5
Co.____
6-21
5-28
1st preferred (quar.)
7%
Power
Oil
Penn
6-12
6-11*
,
Corp., common voting
non-voting (quar.)...
Original preferred
South
(s-a)
A
(quar.)
Co., $6 1st pfd. (quar.)
7- 1
7- 1
5-28
preferred (monthly)
Public Service Co. of Oklahoma—
Common
Carolina
7- 1
6-21
& Gas—
preferred
prior
6-10
6-12
5c
'
;
.
__.
South Carolina. Elec.
$6
.
6-30
7-20
6-15
1
Quarterly
7- 1
$1(4
preferred (quar.)
Snap-On Tools Corp. (quar.)
Solar Aircraft Co., 50c conv.
pfd.
5
6-30
6%
(quar.)
6-10
50c
com
6-15
1
(quar.)
Trinity Universal Insurance
5-14
7-10
$$1(4
(quar.)
C.) & Corona Typewriter,
(L.
1
7-
...
Trico
Paper Mills, Ltd.—
(Howard)
preferred
7-
10c
Tri-Continental Corp.,
$1(4
common
5
% 7-
(quar.)__.
Traders Finance Corp.,
$1.25
Iron,
Co.
conv.
Toronto
$1(4
&
6-19
$3
preferred (quar.)
Packing, common
7% pfd.
(quar.)...
Toledo Edison Co., 5% pfd. (monthly)......
6%
preferred (monthly)
7% preferred (monthly)
$1(4
(quar.)
6-15
7-10
50c
Tobin
$1.25
——
____
$6
4
6-30
——
—
6-30
6-
6-30
—10c
7%
6-18
5-24
6-30
6-25
10c
____
Tip-Top Tailors, Ltd., common (quar.)
Corp.—
Steel
preferred
6%
6-21
$13A
preferred (quar.)
Public Service Corp. of N. J.—
7%
preferred
$6
Smith
5-31
7-
8-14
l$1.75
12(4.0
$1(4
—
(special)
Land Co
Shovel,
$4(4
6-10
6-28
6-15
6- 8
6- 8
7-15
J 15c
.
——
Sloss-Sheffield
6-15
6-
7- 2
7-28
7-1
6-30
6-11
lOc
Tintic Standard Mining
6-30
6-22
6-22
6-18
6-18
6- 1
,
6-11
1
(quar.)
Timken-Detroit
6-18
6-18
7- 1
7-1
7- 1
6-28
7- 1
6-21
7- 1
6-21
6-30
8- 1
t$l34
J30c
10c
(quar.)
prior preferred (quar.)
pfd. class A (quar.)
5%
6-10
"
5%
5%
6- 9
preferred (monthly)......—50c
7% preferred (monthly)
_____
i
53('»c
Public Service Electric & Gas, $5 pfd. (quar.)
$1(4
__
(quar.)..
Skenandoa Rayon
6-15
7- 1
41%c
(interim)
(quar.)
Corp
Mfg.
Extra
6-15
6-11
6%
Publication
Singer
'6-25
■
Common
Oil
Sinclair
6-19
South
(Monthly)
pfd.
(Canada)
(quar.)
preferred
6-19
7- 1'
7- 7
7-15
£7(4c
of Colo.,
Ltd.
Mines,
preferred
7%
6-10
$2(4
—
4—4
Service
6-25
7- 1
7-15
7- 1
7- 1
,
(Quebec) (interim)
Silver King Coalition Mines
Simon (H.) & Sons, Ltd., com. (quar.)
& Trust (N. Y.)—
Public National Bank
Gordon
(quar.)__—;
__
4
(Interim)
Sigma Mines, Ltd.
25c
.
Providence & Worcester RR Co.——
Corp....
Sonotone Corp.
•'.'•'.Quarterly
Public
7%
(quar.)_
G.)
(quar.)
Association (Boston)
Sherwin-Williams
9-15
7- 1
7- 1
7-15
$2.50
t7c
$l1/4
preferred (s-a).
(s-a)__:
(F.
Mfg.
Sherritt
8*
Smith
Propper-McCallura Hosiery Co., Inc.—
5%
preferred (s-a)
______
Proprietary Mines, Ltd. (interim)
Prosperity Co., 5% preferred (quar.)
Providence Washington Insurance Co. (R. I.)
Quarterly
Shelter
12-15
7- 1
6-30
7-15
7-15
7- 1
7-15
7- 1
tl34
tl5c
(quar.)
Pressed Steel Car, common.
Preston
6-15
$1
(quar.)
—______
6% non-cum. partic. preferred (quar.).
Pratt & Lambert (quar.)——
Premier Gold Mining, Ltd.
....
1st
7- 1
,
1st preferred
5%
Shawmut
(quar.)—
Power Co.,
Power Corp.
Shattuck
$1%
6-10
6-16
6-19
6-19
$1.37(4
$1.37(4
$1(4
$3
30c
25c
$1(4
fV" 10c
15c
5c
$3c
$15c
(quar.)__
common
preferred
conv.
50c
25c
$134
(quar.)———,
7%
$5
Steel Corp.,
Sharon
6-26
6-15
Paper—
&
6-26
6-
preferred
5%
convertible preferred
6%
6-24
6-26
6-30
9-15
12-15
\
7-1
7- 1
6-30
7- 1
7- 1
pfd...
prior preferred (quar.)..
preferred Allot., ctfs
Stores,
Shamrock Oil & Gas, 6%
6-19
Thew
6-10
37(4c
J75c
$1(4
62c
1
7-
•
Tidewater Associated Oil—
Industries, Inc.—
prior
7-15
7-1
...
(quar.)
Co.
(quar.)...
Holding, 6% non-cum.
7-
$20c
Thompson Products, Inc., $5 conv. pfd. (quar.)
6-16
6-3
6-21
6- 8
6-29
6-19
:V-.''v> '
7- 1
6-15
Co
Sulphur Co.
&
Thermoid
7-20*:
7-20*
10c
quar.)
Gulf
Texas
.°6-30
7-1
•
cumulative
15c
15c
—_—
(quar.)
Sulphite
Porto Rico
$1
———•
Paper Box Co.,
Huron
7-15
$2(4
(quar.)
preferred
7%
Port
Shaffer
—
—
Mfg.
Oil Co.
Plymouth
6-23
7- 1
7- 1
7-15
6-19
...
(quar.)
(quar.) ■/
Inc.,
$5.50
(quar.)
common
preferred
Plough,
$5'4
6-30
15c
(quar.)——
.'
Extra
Selected
6-10
7- 1
(initial s-a)
class A pfd.
Water
7- 1
7- 1
$2(4
$1
15c
(quar.)
Company,
Plainfield
Plomb
Gas
$1%
75c
6-10
.
——
(s-a)———
Adams RR.
(quar.)
Seiberling Rubber 5%
;
-
—
Gl2?s Co.
North
&
(reduced
(quar.)
preferred
—
(quar.)
Plate
Pittsburgh
Plttsfield
preferred
$6
class A pfd. (quar)
$2.50 convertible prior preference (quar.)
6-15
6-25
25c
(quar.)
Pittsburgh Fort Wayne & Chicago Ry.—
Pittsburgh Forgings Company
(quar.)
Electric,
Securities
9-15
75c (10- 1.,
'
—
(quar.)
Scoville
5-31
$1
$1.12
50c
$1(4
75c
3c
6-15
1
(quar.)__
(initial)
preferred
'
Texon Oil
6-25
7-1
8-1
8-^1
$1%
Products Corp., com.
8%
6-15
6-15
.
1
7-
25c
Texas Company
&\'!.!sv£
6-19
6-30
7- 1
7- 1
(quar.)..
7-
Terminal RR. of St. Louis (s-a)
6-15
6-15
(quar.)
7-15
6%
-•
preferred
Common
7-1
7- 1
,
7-15
6-15
$1%
$134
——
(quar.)
(quar.)—
preferred A
Mfg.
12-31
7-1
6-12
lOc
6 8 34c
Corp.
Tennessee
Co.—
Power
preferred B
deb
37(4c
25c
1
$62(4c
Products
of Reo.
7-
(quar.)
common
Tecumseh
9-15
12-15
6-16
.
(George), Ltd.,
preferred (quar.)
Holders
Payable
62(4c
______
(quar.)__.
Tennessee
6-15
9-30
(quar.)
common
partic, preferred
Tamblyn
5%
Share
preferred
Inc.,
(James),
5(4 %
6-12
$1(4
$2
(irreg.)____
Co.
preferred C
deb
$4.50
Pittsburgh, Bessemer & Lake Erie RR.—
Common
deb
7- 1
6-30
!—...
&
Talcott
9- 1
12- 1
/> 37'4c
-——
Schenley Distillers Corporation—
5(4%
preferred (quar.)
Scott Paper Co., $4 pfd. (quar.)....
1
7-
Elec.
9-15
12-15
$l3/4
deb. preferred D
7(4%
6-10
7-10
7-15
8- 1
8- 1
7- 1
7-1
6-30
75c
$1 14
$1.06(4
1
25c
37 (4c
quarterly
—i
Taggart Corp., $2(4
vrnen
rcr
■
o/ Company
huflie
Association—•
Remedial Loan
Francisco
■: •
25c
....
preferred (accum.)
Regis Paper, 7%
6-21
10-22
50c
$2(4
Participating preferred (irregular)——
Philadelphia & Trenton RR. (quar.)
Philip Morris & Co., common (quar.)_
4(4% preferred (quar.)
;
4(4%
preferred (quar.)
".
Phillips Packing Co., Inc., 5(4% pfd. (quar.)
Phoenix Insurance (Hartford) (quar.)
Phoenix Securities, $3 conv. pfd. A (quar.)Gold Mines,
San
6-10
(irregular)—
Philadelphia Electric Company
Crow
St.
6-10
6-19
■■■
6-15
12-15
6-15
12-15
7-1
12-23
7- 1
12-23
$3
.$3
$1(4
$1(4
2nd
9-25
(quar.)
6-18
6-18
1st
10-1
Philadelphia Dairy Products, 1st pfd
$6 prior preferred
(quar.)—:
___
Pickle
5-31
6 %
3%
87V4c
$5 preferred (quarterly)
.
6-18
6-21
_
(s-a)
H.)
(N.
„
7- 1
7- 1
75c
$1.25
(quar.)
$1.06(4
(irregular) ——
Ltd. (quar.)
quar.)
Company
Gold
____
of Rec.
St. Louis Bridge,
8
7- 1
6-30
6-28
6-30
7- 1
7- 1
—>—
i
Milk, common (reduced
4(4%
preferred (quar.)
Pet
preferred
5%
Payable
(quar.)
6% 1st preferred (s-a)
preferred (s-a)
preferred (s-a)
—
3 %
2nd preferred (s-a)—
St. Louis Public Service Company—
Class A and Class B (irregular)....
Class A and Class B (irregular)
6-
;
Circle
Perfect
6-15
When
share
of Company
Safeway Stores, Inc., common
(quar.)— —$1%
$1.25
(irregular)
Stores
Drug
Peoples Gas, Light & Coke
6-15
Holders
Per
Name
of Rec.
7- 1
7- 1
7- 1
7-15
(quar.)_
Pennsylvania Water & Power, com.
$5 preferred (quar.)
Peoria
When
Payable
$1%'
;
Holder»
Per
share
Name of Company
2311
preferred
(quar.)
Electric
Western Grocer
Co.,
Inc
(Iowa) 7% pfd. (s-a)
2312
Monday, June 21, 1943
Per
Name of Company
Western Grocers,
7%
Ltd.,
——.—
(Bait.)
Bank
National
Western
■">'
■
When
Holders
share
.
Payable
of Rec.
t75c
7-15
$$1+4
—
7-15
6-15
1
reporting member banks, and of debits to demand de¬
6-19
7-
80c
(s-a)—,—
/.,/•'/■■/.<
*
V-
(s-a)
5%'preferred
Tablet
Western
5%
(s-a)
&
Stationery,
7
(irreg.)
com.
Union
Telegraph
Co
Weston
(George) Ltd. (quar.)_—
Wheeling Steel
Corp.,: common
7-1
—.—-
A,
Loans—total
6-
Loans to
Other
5
6-
4
7-
1
1
>
1
6-17
1
8-
1
7-20
/:■
8-1
7-20
7-1
7-
1-7
.7- 1
7-
1
7-
1
1
6-
8-
1
7-15
8-
1
1
10-15
11-
—
1
Oil
Wiser
10-15
<
(quar.)
preferred (quar.)
(quar.)——
—-
—
B
■
4%
preferred
non-cum.
Quarterly
Quarterly
Debits
7-
1
V
Jamaica
to
;!
+
7-
1
1
7-
1
9.
Gov't
14
.-
v
i
Brothers
+675
+
1
508
-
>
.
+
,
Harriman
,
'
-
(par
-
+
2
paper,
figures revised.
7
J
<no
•
10,847
separately.
1
6-5
(In thousands of
9-15
9-
4
12-
12-15
Gold
on
U. S.
hand
.
dividends.
Total
reserves
<
V
'
+
,
+
17,098
+
91,923
+
16,279
reporting member
and
following principal
2.075
—
+
6,853
J
704
■
securities,
10,796
+ '
2,075
—: -
12,947
369
6,149
2,330
+
.
1,560,948
,
;;
847,100
—150,100
+
2,460,058
+
1,726,108
—435,309
Total bills and
F.
of other banks-,-.
66,952
total
decrease
all
at
$950,000,000.
Deposits credited
V
to
assets
29,441,270
Deposits:
13,656,314
+
v
<''
.
19,121
+
.
4,446,512
23,355
+
—169,332
—
—
69,804
Total liabilities
:
+
122,903
—
+
483,055
+
340,307
(J.
7
TV-"
v.
/•
••
■
•
JUNE
Capital
paid
Surplus
7,827
2,961
—
29,018,832
—
.148,457
(Section
(Section
7)
+
+
4,401,512
'+
1,101
!
Total liabilities & cap. accts.
of'
trial
RESERVE
+
616
+
res.
29,441,270
to
+
Australia, pound—..
Brazil, cruzeiro—.
+
581,359
—
1943,
BANK
TO
•Free
,
+
4,446,512
Co.
//■+
A
'
+
163
—
.
UNDER TARIFF ACT
sterling
(British), rupee
peso
^
'
.909090
*
of
Free
.297733*
.251876*
3.228000
.060586*
.060586*
f-
.205800
1
■
■
%/
.297733*
.297733*
.251876*
.251876*
Union of South Africa,
pound.
.060586*
.060586*
.051275*
.
:
«
.with
Noncontrolled
♦Nominal rate.
.528533*
.909090
1
.900625
.900625
.572800*
.572800*
V
.
5rV pre-"
Originated
shares
Corp.
Price,
5,000
of
5%
pre¬
$61^.
shares
.Originated
of
Orig-
common
with
Shields
4,200 shares of
share.
stock
common
Originated
with
10,000
shares
of
(par
Baker,
share.
per
stock
common
Offered
by Smith.
(no
Barney
shares
share.
of
stock
common
Originated
with
(par
Smith,
$3)^
Barney
,
Co,
$54+4
■
-
6,500
shares
share.
per
of
stock
common
Originated
with
(no
Dean,
-
.572800*
.301215
.205800
.205800
.205800
•
•
.909090
.909090
.898125
.528533*
3.980000
3.244203
3.244203
-
•
M.
-
stock
.658300*
.658300*
.528800*
.528800*
.528800<f
ino
(no
par).
2,000
Inc.
3,500
shares
Price, $21 per share.
shares
share.
per
of
stock'
common
Offered
by
Blyth
&
Film
Corp. 20,000 shares $1.50Price, $31 per share.
Origi-
par).
par).
Century-Fox
(no
Corp.
Price,
& Co.
shares
Film
Corp.
$21
50,000
com-
Origi-
Co.
shares
share.
per
of
share.
per
and Shields &
Price,
par).
60,000
$21>4
of
com¬
Originated
Brothers.
Co.,
Inc.;
Lazard
Blyth
Freres
&
Co.,
Inc.;
common
stock
by
Harriman
Lee
Higginson
8r.
Co.;
G.
H.
Walker
&
Co.;
Hemphill, Noyes & Co.; W. E. Hutton
Paine, Webber Jackson & Curtis; Stone & Web¬
and Blodget, Inc.; Clark,
Dodge & Co.; Hornblower1
&
Co.;
Carl
M.
Loeb,
Rhoades
&
Co.;
Riter
&
Co.;
Weeks &
Singer,
Curtiss,
Lemon
Co.; A.
Deane
Weld
&
House
&
&
Co.;
Corrugating
(par .$li.
Co.
E.
&
Co.;
Masten
Price,
-
$34,005,577
flndicates Special offerings.
Co.
$6.50
-
•
&
Scribner;
Co.; Newhard,
Stein
Auchincloss,
Hayden,
Co.,-and Merrill,
.658300*.
.528533*
with
Weeks & Harden.
$38+2
((no
Kidder &
325,000 York
3.980000
.658300*
-
&
.898125
3.980000
Originated
)
Typewriters,
Co.
Century-Fox
stock
White.
.909090
.897916
3.244203
stock
Baker,
Price,
Lehman
Weeks;
Co.;
.205800
.897500
3.244203
(v.+.c.)
share.
per
Curtis.
Harden; H. N. Whitney, Goadby & Co.;
Whipple & Co.; Blair, Bonner & Co.; Farr & Co.;
Graham, Parsons & Co.; Kebbon, McCormick & Co.; A.-
.301215
.909090
-3.980000
$37
&
Corona
Bacon,
•
-
Price,
Jackson
&
with
stock
Baker,
4.035000
4.035000
.301215
$25).
Co.;
ster
&
4.035000
Price,
Inc.
Wertheim
&
•
.900625
.301215
«
'
.658300*
-
3,800
$24^.
per
Manufacturing
Ripley
Corp.;
.909090
•
3.980000
•
of
$75.
7./ 5,927,670 West'Indies Sugar Corp. 395,178 shares of.
.'
; (par
$1):
Price,-' $15 per share.
Offered
.051275*
.909090
4.035000
-3.244203
.658300*
of
Horn-,
.
Smith
par).-)
Cerf
—
shares
Price.
$100i.
natecf with E. F. Hutton & Co.
7
Uruguay, peso—
Controlled—
Co.
Webber,
common
mon
7>.
'
.051275*
<
.897500
3.980000
1,800
$100),
tl,275,000 Twentieth Century-Fox Film
3.228000
3.228000
'
.909090
(par
tl,050,000 Twentieth
.572800*
'
+ .205800
•
stork
by
'
nated with E. F. Hutton & Co. and Shields
.
'
'
Offered
preferred
June 17
June 16
•
.900000
•
.301215
.897916
Dean
stock
common
■-'7'.:f77
.
.909090
.051275*
.
4.035000
3.244203
Co.
Gamble
Co.
t6?0,000 Twentieth
York
$
.251876*
-
,
.572800*
4.035000
.909090
1
Zealand, pound
and
150,000
Corp. 5,000 shares of capital stock.
share.
Offered by Dillon, Read & Co.
C.)
<no
r
.Official.
Co.;
Whiting,
Paper
per
Co.,
Newfoundland, dollar—
New
Co.,
of
Corp.
.
Price,
-Paine,
f
"H'
June 15
3.228000
\
.900156
.301215
...
Co.;
Corp.
»7'7;>
1930
OF
$
'•>
.051275*
•
Stroud
&
148,100 (D. A.) Schulte, Inc. 1,300 shares of convertible preferred
3,990
v,.'
'.297733*
-
.060586*
.909090
.572800*
Co.;
Whitakcr 8c
warrant.
Corp.
Steel
30,934
&
'
...
&
Ry.
per
*
.
Originated
June 14
-
3.228000
.900312
Colombia, peso
England, pound
India
t.
.297733*
'
Corp.
$217/8
95,000 Riegel
SM+14,1%
.2%
'
-Free
Mexico,
$
.051275*
...
V.
Geo.
Russ
v
pari.
.
Official
Inc.;
«fe
Wisconsin
Chemical
(par
Steel
$89V2
Witter
.
'
Canada, dollar—
M.
Moore & Co.;
Co.;
Weld
purchase
$17V2
Penney
77.000 Spicer
TREASURY
INCLUSIVE
.251876*
'
Co.;
Leh¬
Laurence
i
stock
12,512
'
.060586*
Co.;
Hallgarten & Co.
B
Proof
Price,
1355,875 Procter &
48
38,289
Value in United States Money
3.228000
Official
&
2,909
v
indus¬
make
advances
June 12
'
&
•
$19
75.1%
•
.251876*
Inc.;"-
Peabody
&
Higginson Corp.;
White,
_
to deposit &
Noon Buying Rate for Cable Transfers in New
...
Pacific
Price,
Price,
&
.
//
Free
Co.;
Illinois
&. Harden.
C.)
mon
Official
&
The
&' Co.,
'
12 TO JUNE- 17,
,
Miller
Co.;
Walker &
The
Price,
part.
.Co.
,
7,
Argentina, peso—
Co.;
Steel
Laughlin
& Co.
77777'■
3,754
+
....
26,829
86,741
&
fl, 134,900 Phelps Dodge Corp. 43,650 shares'of common stock
(par
$25).
Price, $26 per share.
Originated with Shields &
1,556'
+
:
579,642
/ +
160,411
———.
13b)
F. R. note liabilities combined
June 11
&
1684,415 Philco
in
Ratio of total
Country and Monetary Unit
Alex.
Co.
Laughlin
(no
pari.
777/ :
•
-
H.
ferred stock, series A
(par
inated with Shields & Co.
895,000
367,965
1,579,561
Capital Accounts-
in
FEDERAL
Laughliii
$2.50).
88,534
Pursuant to the 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 belaw a record for. the week just
passed:
.
.,
BY
Co.;
Christie
Kidder,
per
and
&
Weeks
Foreign Exchange Rates
CERTIFIED
&
Kalman
Lee
for
Price,
Weeks
t73,500 Parker Rust
69,329
'
RATES
stock
•
Commitments
EXCHANGE
&
Hayden,
Hutton
Co.;
$10
warrants
&
G.
Inc.;
series
173,500 (L.
FOREIGN
preferred
by Blyth & Co.,
prior lien roadway and land grant
4% bonds, due Jan. 1, 1997.
Price, 88 and int.
Offered
by Harriman Ripley & Co., Inc.
153,722
+
13,775,130
deposits
availability itemsOther liabs.,; incl. accrd, divs..
f
,
_
ic Co.
195.038
—
E.
Co.;
Co.;
&
Minerals
Shields
tl22,500 Jones
4,427,614
—
15,630
+
226,880
—
Total
$30,-at all
of the principal assets and liabilities
2,501
17,477
—
1,030,807
Deferred
Chicago District.
summary
Stubbs,
&
t233,225 Jones &
570,287
581,359
5,997
accts._
Other
was
000,000 in the Si Louis District and $3,000,000
reporting member bapks, and increased $21,000,000
39,425
+
—
+ 346,409
Other capital accounts
declined
90
+
812
12,511,446
Foreign
Surplus
banks
+
$6
Blair.;Bonner
&
&
Corp.;
with
'
U. S. Treasurer—gen,
(no
Glore/
.
,
Co,
250,000 Northern
F. R. notes in act. circulation-
•;
domestic
9,220
586,102
—
of
Offered
McDonald-Coolidge
ferred stock,
Liabilities—
increased
reporting member banks
■
&
&
tl35,0Q0 Jones
4,056,241
+
—
58.613
assets
Member bank—reserve acct._
deposits-adjusted
+
38,016
+
-V
+ '?
2,018,507
—
—1.—
11,953
—
■■■•■
16,000
Inc.;
W.
White &
B.
purchase
+4,047,762
Co.,
Thalmann
corporation.
;
&
Janney
McCormick
Chas.
stock
in all districts,
the principal increases being $220,000,000 in New York
City, $85,000,000 in the Chicago District, $69,000,000 in
the Cleveland District, and $61,000,000 in the St. Louis
District; the total increase at all reporting member banks
was
$675,000,000.
United States Government deposits
declined in all Districts, the principal decreases being$477,000,000 in New York City, $127,000,000 in the
Chicago District, and $63,000,000 in the Boston District;
A
banks
items
premises
Total
City, and $54,000,000 at all reporting member
Demand
the
137
Co.
Inc.;
Weeks;
1,500,000 International
:*+•
+ 2,235,575
9,509
—
&
Securities
blower
securities
foreign
notes
Other
banks.
the
R.
Bank
$19,000,000 in the Boston District, $13,000,000 in
New York
6,650,051
from
Uncollected
City and $63,000,000 at all reporting member banks.
Holdings of Treasury bills declined $262,000,000 in
New York City and $290,000,000 at all reporting member
banks.
Holding of United States Government bonds in-,
creased
6,626,306
Due
with
^
RepublicrCo.'find)),;-B. .V.
Ripley
BroUiers;
Weeks
131,325
+
'
Total U. S. Govt, securities,
direct and guaranteed—
Co..
Chicago;
Witter
45,246
—
83,100
659,000
—
,
1,758,200
Bills
$675,000,000 in' demand deposits-adjusted.
Commercial, industrial, and agricultural loans de¬
clined $16,000,000 in New York City and $25,000,000 at
all reporting member banks.
Loans to brokers and
dealers in securities declined $53,000,000 in New York
..1
House & Co.; J. M. Dain & Co.; Dallas
Co.; Dewar, Robertson & Pancoast; Eastman,
Co.;* Estabrook & Co.; Fahey, ,-Clark-V & Co.;
Kebbon,
Co.;
,_i—//
&
Central
&,
Union
Certificates
stock
common
.
stix & Co.; Stone & Webster and Blodget, Inc.;
& Co., Inc.; Lowry Sweeney, Inc.; Spencer Trask
,
'i;;'-;"
direct
■
Notes
deposits, and an increase of
—
"
-
r
of
Originated
Inc.; Riter & Co.; E. H. Rollins & Sons,
Rotan
& Co.;
L. JV Rothschild & Co.;
fichwabacher & Co.; Shields & Co.;
Smith,
V •
guaranteed:
Bonds
*
of $290,000,000 in holdings of Treasury bills and $950,000,000 in
changes for the week ended June 9: Decreases
States Government
Govt,
shares
share.
per
Co.; Newhard,/:Cook & Co.; Paine,';Webber, Jackson &
Curtis; Piper, Jaffray & Hopwood; Rauscher, Pierce &
Co.,
1-.'
«•:-
10,798
Total bills discounted——.
S.
U.
Offered by
Co.; Mellon Securities Corp.;
Merrill Lynch.
Pierce, Fenner & Beane; The Milwaukee Co.;
Maynard H.
•Murch & Co.; Neuhaus & Co.; W. H.
Newbold's Son &
236,151
—
'•
—
Industrial advances -1———.
Price, $72 per shate.
Marks. &
;
,
-
Member Bank Condition Statement
&
cumu-'
Trust
of
man
'
"
-
shares of $6.50
250
Sonsr,\Burns, Potter & Co.; H. M. Byllesby and
Ladenburg,
*
*
Blyth
Curtiss,
Co.
38,899
+
20,608,994
/.*
by U. S. Gov't obll-
gations, direct & guarant'd
Other bills discounted.—
United
&
Hornblower
366,973
—
+ / 1,943
366.689
Bills discounted:
by
.
Share
&
Becker
Inc.;
Harriman,
x
v' 6-17-1942,
V
2,762
—
53,251
cash
Secured
6-9-1943
20,189.054
notes
stock
common
Farwell, Chapman & Co.; The First Cleveland Corp.; First
Mich. Corp."; Glore.
Forgan & Co.; Goldman, Sachs &
Co.;- Granbery,
Marache
&
Lord;
Hallgarten
&
Co.;
'
Decrease Sine*;
or
.
Treasury™.
of
Offered
of
and
dividend.
banks in 101 leading cities shows the
G.
/Dillon
.
/
6-16-1943
certificates
shares
share.
-
Co.;
dollars)
Increase
4
85,000
per
Price, $67 per share.
Co.,
'
Redemption fund—F. R.
condition statement of weekly
Bond
Inc.
Reserve Banks Combined
Assets-
■
-
.
.
par).
Union
+
by
-
13,103,856 Houston Lighting & Power Co. 242,664 shares of common
\; :
•
"stock (no par).
Price, $54 per share.
Offered by Smith,
Barney & Co.; Lazard Freres & Co.; Blyth & Co., Inc.;
6-16
r
The
Inc.
1,072,000 Electric
Statement of Condition of lhe 12 Federal
6-30
common
Offered
7:
Inc.
Ry.
$45
pari,.. Price, $32'/a
Forgan & Co.
c:
j
A.
6-16
.
Ohio
Price,
1282,750. Diamond Match Co. 8,700
19
-
-
of
•
*
longer reported
no
&
lative preferred stock.
Dayton Haigney & Co.
0
v
100
+
61.;';
Ripley & Co.,
$251,
Co.,
> "
6,222
•.
;
8
+
—
-
shares
share.
per
•
,
18,000. Chain Store Investment Corp.
.•—/ 3
;
2,500
$19V2
6,039
+
Co.
Price,
€0. 15,444 shares of common stock. (par
$44 per share.
Originated with Lehman
Hallgarten & Co.
and
3,825,000 Chesapeake
accounts,
...
market
open
the month
present this tabula¬
now
Inc.
Price,
7
.
Brown
6-19
7-10
7-
.
6-10
funds, tax deductible at the source.
Non¬
resident tax, 7%.
a Less British income tax.
15%;
75
—950
21
,
this
for
I
deposit accounts except
U,
the
100,000 Canada Southern Ry. 1st & ref. mtge. consol. guaranteed
,
50-year 5% bonds, 1962.
Price, 94 and int.
Offered by
;
■
Canadian
im
tax,
closed
,-7
469
34
+
763
-
week
due from
accumulated
of
account
tOn
JPayable
resident
not
+
7.053
,
We
$10).
■
161)
—;
—
8,876
and
♦Includes
"June
Other
books
♦Transfer
5,493'
+
—'
+124 V.— 1,060.
5.602
;
.
demand
during
6-16 >
7-
50c
-
income tax.
54
42
$5)
7
'
/; 17- l
50c
——_i—'—.—
+
k 32,061 k
_
>
interbank
Mercantile Institutions—
—————
30%
Less
x
deposits-adjusted
deposits
during
Representing New Financing
(par
t679,5j6 hristol-Myers
9-20
$1+8
•
1,267
,
,
—
6,238
+
+
2,335
Foreign banks
>
6-19
30c
———
Youngstown Sheet & Tube—
5V2%
preferred A (quar.)—
Zion's' Cooperative
/'
1
1
25c
.•
(quar.):
(s-a)—
Corrugating
-<-r
+
9
Not
Blyth & Co.,
■
a
Borrowings
7-20
2
8-
7-
$1+4
—-
27*
•••■
538
—
banks.
issues
The tabulation of "Is¬
Addressograph-Muitigraph
stock
-f.
'
Domestic 'banks
5-27
10c
—•—
—
+
8,694
U/ 8. Government deposits
6-16
2
10-
15c
;
v-
$48,750
3,958
+
—
-
15,811
-
4
448
.
6-28
50c
—
25c
(quar.)
Portland Cement. Corp.—
Yosemite
6-16
7-
—290*
6,913 f
—
capital
■/'
A Issues
Interbank deposits:
■
6-15
6-28
50c
-.
pfd. (quar.)
Mfg. Co. (quar.)—
7%-preferred
York
6-25
$1+4
...
,
Yellow Truck & Coach :Mfg.fc common
Class
Time
6-15
$7Vac
Co., 7%
(Rudolph)
Yale & Towne
6-11
$1+4
——
Wright-Hargreaves Mines
(reduced)
Wrigley (Wm.) Jr., Co., common—.
Common
1
.6-11
50c
—
vault
Demand
/
1
6-30
25c
(quar.)_.
Co.
Co.
Woodward & Lothrop, common
Wurlitzer
7<
+
—
4,179
tion.
92
—
61
23
1,892
Liabilities—
7
7-1
15c
—
•
.
—
—
5,346
■
1
of
given.
was
hot Representing New Financing" for
61
33
Balances with domestic
6-10
1
10c
25c
Petroleum
Iron
7-
508,
+
1,322
|___
1943
;
26
—
1,150
.
_
compilation
unavoidably omitted.
was
/
7-151
.7-31
7c
—
———
Woodward
7%
$1+3
;
(irreg.)
+
sues!
1,254
1,287
;+.
A-
,
3,077
Cash in
1
,
(quar.)—
(quar.)
Extra
Woodley
Co.—
Power
preferred (1897)
6%
Wisconsin Investment Co.
;
loans
Other securities
7-15
11-
>,
465
Reserve with Federal Reserve Banks
6-24
7-
63
Obligations guaranteed by.tr. S. Government
:
6-24
,
—
—
U+S. ;bonds—
6-12
25
carrying
or
—
—
monthly
our
month of May,
.
—
983
Treasury bills'
i
Treasury certificates of indebtedness.
Treasury notes
/:
6-15
7-15
purchasing
«
/
or
+15,072;
—198
>
5,637
banks..
to
Other
—374
9,590
agricultural
and
brokers and dealers in securities
loans> for
Loans
7•
——.
Wisconsin. Electric
46,808
—
;In the issue of the "Chronicle" of June 14, page 2243,
Decrease (—) Since
6-2-43
6-10-42
9-6-43
.—.
Real estate loans
6-17
~
—
I
-securities
6-11
7-
common
'
6-11
2
7-
25c
prior
Paper,
'
investments—total—
Commercial, Industrial,
//I- loans
.
6-15
1
6-24
,$20c
...
$17
preferred (quar.)-—
+:.:.
$1
(quar.)—
$1+4
.7%j preferred (quar;)—,
'
50c
White Sewing Machine, $2 prior pfd.——
50c
$4 conv.'pfd. (accum.)—.
—
"—
$1.50
White Villa Grocers, Inc., 6% pfd. (quar.)—.
$1+4
Whitman (Wm.), 7%
preferred (quar.)—,:;
£ $1+4
Wichita Water Co., 7%
pfd. (quar.)
$ 17
WIeboldt Stores, $5 pripr pfd., (quar.)—
75c
6%
pfd. (quar.) ——
$25c
Wilsil, Ltd. (quar.)—.
$1+2
Winstead Hosiery, common (quar.)
•7'
$1
Extra
$iya
Common (quar.)
—
•'-7 $1'
Extra
-i_
———
convertible
$5
Whltaker
7-
7 $l'/2
—
6-18
*
and
Increase (+)
"" "
v
,
—
25c
Inc.
0-21
7-15
Loans
6-18
7-1 7
7/. 50c
—
(quar.)—:————
Westmoreland Water, .6% pfd. (quar.)
Westmoreland,
6-30
50c
$17
(quar.)————
preferred
Western
$1.25
•
,'
Assets—
7/7- 1 / 6-30
6-30
7- 17
$1.50
—"
—
a
_
*
Common
(In millions of dollars)
.
Pennsylvania Ry. Ch.—
Western New York &
Capital Flotations During May, 1943
posit accounts, follows:
6-15
(quar.)—
common
(quar.)
preferred
...
50,000
per
.
•
Miller
Turben
&
&
&
Boyce;
Redpath;
Co.;
Johnston,
of
common
Offered
.
Cook
8c
&
Co.
shares
share.
Bros.
Parker
.
by
stock
Floyd
C,
2313
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4187
157
Volume
Stock and Bond Sales «» New York Stock
AM: DAILY - WEEKLY ■ YEARLY
KOTICE
disregarded In the day's range, unless they are the
delivery sales are
Cash and deferred
daily record of the transactions
Below we furnish a
•
\ Low
[Close
4V«a, 1947-52.
113.14
113.14
113.14
2
;
Total sales In $1,000 units..,——
*
.
•
[High
4s, 1944-54—
2%s, 1962-67
;.jL.
^-
^ —
2%s,
104.23
(Close
:
units
sales in $1,000
Total
—
2VtS, 1952-55
2V4S, 1954-56—
YaaSY
sales in $1,000
Total
1947—
sales In $1,000
Total
Total sales in $1,000 units
units
(High
High
2s, March
Low
1948-50
4
Total sales in
$1,000 units
i
(High
112.3
V,;
Low
-{ Low
2S, Dec. 1948-50——,
112.3
Close
112.3
2%s, 1955-60.
[Close
Total sales in $1,000
5
units
units
(High
High
Close
Close
units
sales in $1,000
Total
Total sales In $1,000 units—
(High
•{ Low
.
[ High
j Low
[Close
Low
2s, June, 1949-51—.——-
Low
2%s, 1945-47.
low
(Close
Close
High
Low
•
Close
Close
units—
units
(High
2s,
Low
1951-55—
Low
;
Close
Higti
3s, 1946-48—
1949-1951
Sept.,
2s,
[Close
;
Total sales In $1,000 units
Total sales In $1,000 units
(High
(Close
Total
Total sales in $1,000 units
100.24
(High
Low
(Close
|
1949-1951
Dec.,
2s,
I Low
3Hs. 1951-54.
units
High
___
LOW
[Close
:
[Close
Total sales in $1,000
sales In $1,000 units
.
—Low
v.
-
,
(High
A
3%s, 1948-51.
Low
units
[High
•'
units—
.7
1
[Close
Low
sales in $1,000
100.18
(High
-I
$1,000 units
Total sales in $1,000
'
16
100.18
y
/
Low
2%s, 1951-53
Close
100.24
100.24
2
sales in $1,000 units
(High
j High i
«%s, 1956-59
Low
sales
Total
100.23
-! Low
100.23
$100
in
a,
I High
1950-1952—
Sept.,
2s,
111.16
v'
,
111.16
Close
Total
4
sales in $1,000
-{
Low
[Close
Close
112.3
;
Total
*1%
sales in $1,000
-
1%S
in $1,000
units
—
(High
.<■
■
.
(High R
■{ Low
(Close
1948——
j Low
—
(Close
Total sales in $1,000
Total sales in $1,000 units
106.30
High
Low
units—
Federal Farm Mortgage
___
106.30
Close
106.30
3VtS,
1944-1964
f High
5
Total sales in $1,000 units—
High
3s, 1944-1949
107.13
___
————————{Low
(Close
107.13
Low
8%S, 1950-52.
Low
(Close :
sales
Total
Total sales in $1,000 units
l%s. 1949-53.
_■!
1953-55
2s
Low
Close
1948—
units
("High
High
1945—
100.16
Low
1951-55
23,
112.3
LOW
Close
Total sales in $1,000 units—
100.16
High
112.3
High
> 5
100.16
10
units
—
S%S. 1960-65.
100.23'
;
units
111.16
Hign
Total sales in $1,000 units
_
[Close
[Close
t%s, 1958-63.
1950-1952
March,
2s,
Total sales In $1,000 units
2%s,
10
100.18
100.17
100.18
-
units.
—
High
1%8,
100.17
Close
Low
3%s, 1946-49.
1
100.17
$1,000 units__.
Total sales in $1,000
Close
Total
"100.16
100.18
100.17
100.17
___
High
3s,
3
100.17
Lov»
•
-
2%s, 1967-72
v
3%s, 1944-46.
Total
—
Total sales in
Low
VeS, 1949-52.
100.18
vYV-:
units
Close
(close
3
100.18
V
High
JVes, 1943-45.
Total sales in $1,000
'
[High
1964-1969
2%S,
(High
Total sales
sales In $1,000
$1,000 units
Total sales in $1,000
100.18
(High
Low
■
—
—
—
Close
In
1963-1968
Total
5
Low
Total sales In
June 18
units
$1,00
Close
High V
tfti, 1946-56.
In
104.29
104.29
Total sales in $1,000 units
June 17
June 16
June 15
June 14
[Close
sales
Total
----■■■■■
■;
—
—-
—
June 12
f High
-I Low
•
[High
Treasury
Corporation coupon bonds on the New York
32d of a point. (See note below).
\
Daily Record of U. S. Bond Prices
June 18
June 17
June 16
June 15
June 14
June 12
Dally Record of U. 8. Bond Prleeo
the New York Stock Exchange
on
in Treasury, Home Owners' Loan and Federal Farm Mortgage
Figures after decimal point represent one or more
current week.
Stock Exchange during the
only transactions of the day. No account la taken of such sales In computing the range for the year.
Securities
United States Government
<
Exchange
Close
Home
Y{;'3'•
Total sales in $1,000 units
in $1,000
Total sales
107.13
___
3s
[High
Owners
Loan
series
S%S, 1952-54.
(Close
Total
sales in $1,000
Total
sales in $1,000 units
IV2S, 1945-1947
(High
Treasury
2VsS, 1956-58.
JSale of registered bonds, all others are coupon
•Odd lot sales.
(Close
issues.
Total sales in $1,000 units
RECORD
NEW YORK STOCK
LOW
Monday
Saturday
June 14
June 12
$ per
617/a
61%
62
•46
•52%
53
*46%
52
SALE
62
61%
♦111
*61%
*111
113
June 18
June 17
$ per share
S per share
62%
*61 Va
113
52
47
47
*46
*111
50
$
per
*111
.
share
900
Par
30
Acme
52%
52
52
*52%
52%
52%
52%
52%
300
xllVa
11%
11%
11%
11%
11%
11%
11% ®
llVe
11%
3,600
31%
31%
31%
31%
*30%
31%
31%
31%
31%
32
31%
31%
20%
20%
19 Va
20
19
19-
19%
19%
19%
19%
19
19
2,500
Address-Mutigr
47%
47%
46%
47%
46
46 Va
46%
46%
46%
45%
46%
3,900
Air
106
•103
2%
19%
*74
.
110
*104
2%
19%
5%
5%
6
57/e
75%
*74
75 Va
•74
,
105
2%
2
18%
5%
19%
2
18%
"46%
5%
5%
105
19 Va
18%
19%
18%
34
33%
33%
33
2
33
27
26%
27%
27%
27%
26%
76 Va
•73
10%
10 Va
76%
*73
10%
10%
*73
10%
5%
*100%
19%
2
19%
34
*34
34%
27%
28%
28
73%
*70
11
19%
157
157
156
157
154%
155
14
14
14
14
*13%
14
*13%
23%
22%
22%
22%
*22%
10%
14
22%
22
157
20,000
20
11,200
19%
19%
34%
700
28%
...
28%
12,400
76 V2
10
*71
76
10%
157
107
2%
,
9,300
-V
30
*33%
20
5
11
156
10%
19%
28%
73%
76%
••
2%
2%
19%
.•
*100
105
19% .20
34
:
157
•22%
.
5%
5%
6%
10%
*156%
3,000
10%
1,300
158
*13%
14%
•13%
23%
*22%
23
1,400
400
14%
22%
v,
2,000
13
12%
12%
12%
12%
12%
12%
13%
13%
94
94
94
*89%
93%
*89%
93%
*89%
93%
200
37%
37%
36%
37%
37
37%
37%
38%
37%
38%
38
38%
14,200
•19%
19%
19%
19 Va
19%
19%
*19%
19%
19%
19%
19%
19%
1,000
13%
•91%
13%
94
12
*92 Va
19,500
"
2
23%
84
84
*29 V2
29%
*68
68%
For
1%
1%
25
•1%
•24
footnotes
67
1%
*1%
24%
♦23%
1%
25
1%
*23
1%
1%
*23
25
84
83
X28%
see
1%
*23 Va
24
82
82
81%
82
81%
81%
29%
28 %
28%
28%
28%
28%
29
68%
page
2323.
67%
67%
'
.66
Va
67%
67
67
82
-
*28%
67%
Adams
1%
700
24%
200
&
Juneau
American
Petro
Dec
Mar
39
Dec
43
Jan
Sep
48%
4an
7
13
Apr
7
5'/a
Apr
8 Ve
Nov
17
18%
Jun
26%
Dec
Dec
Gold
Jun
Min
par
25% Feb
2
32
14% Jan
8
21% Mar 30
par
38% Jan
8
100
No
Inc
Portland Cem
Amalgam Leather Co Inc
6% conv preferred
Agric
share
51 Va
113
May
31
10
Alpha
Am
10
47% Jun
May
52VaJun
67
Jan
28
10
100
No par
100
100
$2.50 prior conv preferred-No par
Alghny Lud Stl Corp
Nc par
Alleg & West Ry 6% gtd
100
Allen Industries Inc
1
Allied Chemical & Dye__-—No par
Allied Kid Co
5
Allied Mills Co Inc
No par
Allied Stores Corp
No par
5% preferred
100
Allls-Chalmers Mfg
No par
Amerada
May 27
v.
;' 104
5
pf A with $30 war
.-5%% pf A without war
1,300
113
37
Highest
S per
6
5% %
1,600
1,500
23
23
63% Mar 12
1942
7% .Tan
Albany & Susq RR Co
29%
67%
Feb
35% Jan
110
Corp
Chem ("Del)
Airline* Inc
No par
1
50
48 7/a Jun
1
75% May 28
7Va Apr
6
Jun
15
3% Jan
7
Jan
25
A Jan
11
3 Va May
2
22% May
4
Mar
16%
29%
Apr
41%
61
Jan
69
Oct
1% Mar
4
Nov
10
4
5% Jan
85
Allegheny Corp
82
4
share
41% Jan
Corp
Vicksburg Ry Co
Alaska
51% Jan
$ per
25
No
Corp
Reduction
$ per share
Lowest
f per share
No par
:
Express
Adams-Mills
Ala
76 Va
*74
76%
5%
2%
19
18%
•33
*74
108
*100
2% r;
19 Va
•19%
75%
*74
75%
900
No par
Steel Co
52%
11%
\-
100
Abraham & Straus
11%
Y7,:;.;
No par
preferred
4%
50
*52
EXCHANGE
Abbott Laboratories
Year
Range Since January 1
Lowest
Highest
STOCK
YORK
Shares
113
*46
50
NEW
the Week
62%
*61
62%
113
*46
Sales for
Friday
Thursday
'June 16
62
Range for Previous
STOCKS
PRICES
Wednesday
t per share
113
•111
113
•111
HIGH
June 15
$ per share
share
AND
Tuesday
5 Va Jan
2
105
22% May
Apr
4
29
69 % July
Jan
%
Apr
6%
Nov
3Va
Apr
6%
Nov
A
0%
Jan
11
40
11
28% May 23
16
64
Jan
15
75
May 26
67
11% Jun
Jan
19
140% Jan
9
10% .Tan
8
16 % Jan
6% Jan
7
Feb
3 Va
18Va Jan
13
94%
Dec
Jun
17
Oct
Jan
May
22%
Jan
Va Nov
73%
Feb
7%
Dec
4
3%
May 29
Apr
149
Jan
118 Va
Apr
14% May 17
10
May
12%
Jan
4
25% May 29
11'/»
Apr
16%
Nov
2
13% May 27
4
Apr
6%
Not
73% Jan
7
94
Jun
15
64
July
7
38% Jun
17
22
Apr
30 Va
Jan
26 V8 Jan
14%
Apr
19%
Nov
H Aug
1%
Jan
Jan
163
17% Jan
7
21% Mar 10
% Jan
13
2% May 22
81
Jan
20
25
May 24
11
Dec
18%
13% Jan
14
86 Va Jun
7
43
Mar
No par
Jan
70%
x67
2
10
Jun
Nov
Jan
30 Va Jun
24
23
18%
No par
10
May 19
25V4
Apr
Deo
Jan
27
58%
52
71
Oct
THE COMMERCIAL & FINANCIAL
2314
NEW YORK STOCK
AND
LOW
Saturday
;
June 14
June 12
$
$ per share
15%
*56%
39%
15%
58%
57
8%
8%
8%
•
8%
6%
85%
179%
7%
42%
43
39%
79
78
*8%
8%
8%
8%
109%
28
41%
79%
Am
6%
6%
85%
2,000
178%
400
411/4
41%
10,100
79%
41
79%
79%
1,500
22%
1,900
22%
114%
*114
116
114
*106%
108
107»/4
108
*106%
108
*21 %
28
♦21%
28
♦21 Va
28
10%
16%
16%
xl5%
103%
28%
28 Va
3%
4%
3%
*8
6%
10%
10%
15%
161/8
10%
*15%
-
105
-
*101%
28 Va
28%
29%
3%
3%
3%
py *8
9
26
6%
•
23%
25%
•
86%
23%
*101%
P,
103
9
7%
9
h
25%
v'
-
87 1/2
87%
87
9
24%
73
75%
77
*75
80
34
34%
x33%
33%
*32%
20
,
3%
3%
3%
3%
3%
v
30,200
87
24
40%
*39%
40%
39%
24% it
23%.
78 V4
78%
77 Va
77 Va
34
34
34%
34%
3%
3%
1,200
39%
40
3%
*3%
40
*39
40%
*39
of
Allegh Co N J
40%
&%
700
,
&
6% Jan
7
16105
May
110
Mar
69
Mar
'."V 103
.
Dec
15
Jan
18
11% May
31
par
46 % Jan
12
No par
7
Jan
39
Jan
Feb
.2% Jan
4
35
Jan
5
53% Jan
.7
—50
:
2
4
4%
4%-
*4%
4%
V *50%
51%
51%
51 %
8%
8%
8%
8%
6%
6%
6%
6%
42%
V
15%
15%
-'•■•:■
*103%
104 Va
14%
14%
42%
9%
*120
*.
-
*120
V:
*23'/2
120
121V4
31%
•41/4
*51
8%
7
*6%
*42
15%
103%
14 Va
14 V4
9%
V
*23V2
*9V4
120
41/4
*41/4
*120
66%
4%
41/2
52
8
4%
*521/4
8%
8 %
American
1,900
53%
Amer
4,600
7
"
P''
15%
9%
121
31 y4
1%
Jan
25 Va
6
2%
2%
1,200
14 V2
1,800
Amer
.
14 ','4
American
40% May 27
121
120%
"
V:
120%
i
120
:
410
31%
31%
31%
2%
2%
2%
2%
6%
25,500
59,000
Am
10,500
News
American
'1,240
4% %
1,100
*169
11
11 Va
11 Va
11%
175
*169
175
175
14%
13%
141/4
14%
14%
14
14%
14
64V4
63%
64%
63%
64%
63%
64%
63%
64
13%
13%
13%
13%
*13%
13%
13
13%
13
16%
16 Va
16%
16 Va
16
161/4
16%
16%
*16%
16%
16%
16%
30%
30
30
30%
30 Va
31
31
30%
30%
30 'A
41
40%
41%
40%
40%
40%
41%
41
41 »/4
41
41%
149%
26%
27
*14%
15
43%
150
42%
14%
149
26
26
14%
16 Va
16 Va
161/4
30
30
*29%
30%
109%
109%
110
110
110%
14%
16'A
30%
110 Va
16%
•
r;
*16
29%
*110
43%
43%
*145
26V4
25 %
14%
*14%
*16
16%
*29%
30%
29%
110%
1101/4
27%
27%
*27%
28 Va
153%
152%
153%
58%
59V2
*59%
59 '/a
59%
59%
*58%
60%
61
60
61 %
61
60
60%
59V4
142
143%
141
-
V*
141
\141%
60
141
•
141%
27%
153
p.
141%
11
11 %
;,•*
io%
11%
•10%
43%
43%
XM
43%
43%
43%
43%
*118%
118%
'■f*118%
118%
*1181/4
7%
7%
6%
7%
'♦78%
79%
'
11
27%
53%
60
59 %
11%
11%
11%
11%
43%
43
43i%
43%
118%
118%
118%
118%
*118%
71/4
71/4
7%
No
No
Dec
San'y——No par
100
conv
154
Co—
No
Am
■b
11'A
7,100
3%
Apr
142 Va
Jun
3
2
15% May 10
Jan
2
66% May 25
8% Jan
12% Jan
6
15% Apr
6
18
4
Jan
5
32% Mar 23
7
47% Apr
168
5
1
,11% Mar
12
Jan
2
17% Jan
May
May
4
1
155% Mar 15
2
2
100
45
14
Apr
3
151
Mar 2
29% May 29
6
15% May
9
17
■
Apr
4
24
6% Nov
165'
Jan
12
Jan
59%
Oct
9 Va May
52%
Apr
4% Mar
0%
9% Nov
Feh
14%
Dec
May
24
35%
Jan
43
Jan
'35% May
132% May
29
148%
Jun
16%
Jun
9%
7 Va
Nov
36%
Apr
136%
144
21%
Jan
Oct
Mar
Nov
Feb
12
12
Oct
Mar
21%
Jan
78% Mar
97%
Jan
23
Aug
15
Jan
par
21% Jan
14
33
Jun
2
112% Jun/5,
30% Apr 27
100
127% Jan
.2
156% Jun
10
101%,
Apr
25
42'A Jan
2
60
Jun
2
33 Va
Apr
49%
Jan
-—25
Tobacco
43% Jan
2
61% Jun
7
34%
Apr
50%
Jan
Apr
143%
No
:
-
B
:
;91
.
129%
:
6%
32
115%
-100
—
5%
Jan
Jan
Jan
par
preferred
Amer Type Foundries: Inc—
American Viscose Corp
300
118%
U
Jan
par
Tobacco
class
Feb
26%
% Mar
-
22
No
Telep & Teleg Co
Common
119
Feb
21% May
.
26%
par
Refining
113%
Apr
Feb
144% Feb
10
-14
'
118%
Nov
Apr
No
T';-t6%
6,100
44
Dec
7%
23% Mar
.
12 Va
35% Jan
-100
Sumatra
Amer
American
3,600
12%
15 Va
145
Feb
19% Jan
Preferred
200
Jan
Nov
Apr
33% May 20
25
Co
9 Va
30% May 10
11% Jun' 8
No
Stove
7
37% Jan
par
100
Foundries
Steel
American
400
10'A
91
2
100
preferred
Amer
8,700
Jun
Jun
65
24
4'A May 10
27
.
No par
tPreferred
May
32% Apr
54
Building Co.....No par
American Snuff—
123
10 Va Jan
25
Smelting & Refg
American Sugar
/
6%
6
*
2
18% Jan
16% Jan
6% Jan
par
Rolling Mill
American Stores
; v:
116% Jan 29
Jan V 4
ft Jan
2
par
No
;
Seating
Amer
500
17'A May
x26
par
..No par
American
1,060
•
—.
tAmer Ship
143%
11%
43'A
■
Rad & Stand
700
/.
60
143%
1
—100
Co
Light—«•
1,000
1. 200
152%
58%
;
143'A
143
■
28%
152%
59V2
1531/4
153
16%
*27%
23%
*27%
153%
15% Jun
.18.50
400
110%
*110
7
Safety Razor
.5,700
29%
110%
12% Jan
American
300
.
14%
*16
St
preferred
preferred—.
6%
16%
X153V4
30
156 V*
V
26'A
14%
14%
par
35 Va Mar
5
100
149
26
105% Jun
preferred
6,500
44
*145
26V4
y.
151%
*42%
,
30
60
>;
:
y
149
59 'A
*29
156%
151
151
150
43
*140
30%
*16
151
43
149
25 Va
15
14%
150%
42%
*140
26%
26'A
>
150
149%
149
;
46
2
20
800
31
41
*42%
Nov
2
7% Jan
81% Jan
630
13 Va
:
30%
*142
40%
30% Jan
par
100
Preferred
14%
x63V4
43%
23
Co Ltd—.
Power
11%
149%
Feb
50
No
—
preferred—
American
Amer
$6
149
Jan
Apr
15
149%
7
May
37
May
8,000
*42%
*142
Oct
4
5,300
13%
4%
16
23 Va
*13%
2
4
30%
64%
7Va Feb
7
27%
64%
5
—
lOVa Jun
30%
-
■5% Jan
2
Mar
27% Apr
31%
11
1
25
4
28%
*169
5% Nov
,
17
11
31 »/4
-
Apr
Jun
7% Feb
281/4
U'/4
2%
May 27
20'A Jan
28%
175
6
5
52
par
31%
10%
9% May
•.
par
Metals
30 V4
*169
2
No
Mach
Amer
271/4
11%,:
2
11
2
No
Amer
301/4
175
Jan
Jan
4% Jan
Metals.-
700
800
27%
10%
1%
;
37% Jan
&
9%
27'/4
14
Dec
Apr
100
111—
of
-
23%
29%
*169
Oct
56
x36%
Jan
par
preferred—
*9%
28
•
36'A
No
30%
y
5
Oct
32% Sep
.
Fdy Co
29%
14%
May
Dec
3'/a
&
27
11%
11%
> 175 ...y
70
35
2 Va May
Mach
30%
14%
Dec
42%
-
par
Locomotive
*23%
31%
Co
Preferred
28%
*169
Dec
8%
Jun
4% Apr
Dec
Dec
49%
Jan
10'A
1
Nov
2
.No
Corp
Invest
conv
10,800
9%
*121
31%
2%
5%
30
15%
104%
24
*23%
43
15
14%
*91,4
24
American
500
>
*103
104%
141/4
7
:
*42%
>f':
15%
104V4
14%
*6%
43
*42V2
15%
104
31 %
6%
6%
.
30%
-
7%
.
18% Jan
14
Nov
25%
Jun
17
va
Dec
Nov
3
...No
preferred
Internat
28
*
Ice
6%non-cum
600
;.
8%
1
•American Home Products—
1,000
16%
'
2%
3
66%
66%
51%
8%
43
15%
24
66%
52
8%
•
67
31%
31%
2%
3
3
41/4
52
43
9%
9%
66%
104%
--14%
24
23%
121%
32
*31%
14%
9%
24%
43
•14%
103
103%
14%
8%
*6%
15%
15
103%
9%
24%
•
43
*41%
P
*51%
•
661/2
100%
Jan
Apr
3b
/.J/;..
66%
67 %
67%
68%
*67
-
Jan
3% May
3*i
Oct
Dec
22%
Jan
16%
.v:r
16
25Va Jun
v
.
May
7% Mar
May 10
78'/a Jun
6
Dec;/
%
Jan
7%
92
4
10
87% Jun
23
1
14
Jun
9
6
30
Leather
25
4% Jun
2
20 Va
May
3% May
6
8
10
Apr
5
21 P; 29 % May 18
1% Jan
Jan
Jan
15
104% Jun
24'A Jan
Oct
33
73%
24% Apr
2
.
Dec
Dec
176
114% Jun
97% Jan 27
15% Jan
8
1
Apr
112% May 10
24% May 20
18% Feb
—No par
Co——10
preferred
conv
May
2
par
Feb
3%
55% May
14% Jan
No
Hide
20
10
preferred
American
1
56%
Oct
Jan
74%
Apr
4
1
No
33
130%
Mar
26
—
1 Va
4
159
6% Jan
-i.-lVo par
Apr
4
19% Feb
Power
Apr
12
25
Lines Inc.
Export
For'n
&
23
120
Jun
,
4
1% Jan
1
14
45% Jun
22
Feb
preferred
■_
—100
Co_.%—
20
Thing
1
• $6 preferred-.
American Hawaiian SS
V
Jan
96
8
79.% Jun
.
5
109
Nov
6'/a
—.10
$7 2d preferred A
800
;
18% Jan
par
par
Oct
49
3% Mar
9'A May
89
6
__100
No
European Sees
$7
600
3%
No
9%
Apr
180% Jun
64% Feb 15
Encaustic
American
37,700
23%
3%
Inc.
preferred
24'A Jan
Jan
40% Jun1
9
par
No
c
5%
38%
132% Jun
2
Jan
Distilling
Amer
1,600
34
■
1st
Amer
,1,700
7%
78%
3%
*39%
6'A
Ami"
24%
.
Fdy
Cable
&
American
23%
•
&
Chicle
Coal Co
3,400
71% Jan
173
100
conv
2;800
)
25
Crystal Sugar—
*77%
34
20
American
26%
86%
3% Jan
1
—
Colortype Co—
7%
87%
2
—100
4
May 10
9% Apr
4
American
25%
7%
27% Jan
2,500
3%
:
*8 % v
Vp
25%
7%
Am
V
29
*3%
.
Chain
t5%.
4
127% Jan
900
103
29
3%
*8
25%
7%
*101%
29%
29
3%
16
Am
4% Jan
100
Car
tAmerican
7"
*32%
'23%
yp 77
103
25%
7
86
87
23
28
10%
16 Va
*8
7%
87
*21%
10 %
16
26
9
'
28
10
16
3%
26%
26%
7%
22%
114
10%
27%
4
'
26%
*101%
103%
28%
103%
28%
23
116
60
No par
Preferred
50
*22%
*114
17% May
5
Fdy
tPreferred
$ per share
per share
>
.
Highest
'
5
Jan
preferred
conv
American
100
108
v■
$ per share
8% Jan
47
_1
Corp
Amer Cable & Radio Corp
American. Can-.—..
11.200
85%
Bosch
Lowest
Highest
$ per share
„10
.
50
Brake Shoe &
5'A %
60
22%
10%
-
2,200
132
178%
-
85%
I7914
*79%
23
American
113%
16
85%
22%
1.600
41%
8 5Va
177%
421/4
78%
7 %
131%
Lowest
preferred
39 V4
39
135
6%
85%
178%
41%
10
"
7%
7
84%
78 Va
10%
-
•
Xl77%
180%
391%
*39%
*132
6%
Range for Previous
Year 1942
Range Since January 1
4
Par
8%
*106%
*21 Va
9
;>•
7%
39%
135
8%
STOCK
American Bank Note...
50
23 Va
113%
111
103%
85
53
8%
YORK
EXCHANGE
1,100
113%
109%
23
23%
113
7%
58
40%
'
*8
58 %
78
79
♦26
*57%
85
85
179%
42%
*77%
16%
58%
38%
6%
10%
*57%
*132%
NEW
Shares
k
15%
38
179%
*21%
15 VP
135
y 84%
23 y4
15%
38
7%
113
*15'/4
*132
85%
$ per share
15%
39%
180 Va
$ per share
share
for
the Week
15%
132%
85%
*109%
$ per
June 18
15%
57%
38%
180 Va
7'A
June 17
share
Sales
Friday
Thursday
132%
39%
135
•132
per
15%
*56%
57
8%
$
per share
15%
15%
STOCKS
Wednesday
June l«
June 15
.
Monday, June 21, 1943
RECORD
PRICES
SALE
HIGH
Tuesday
Monday
CHRONICLE
preferred-
Jan
.
Jan
Jan
Jan
5
Jan
8
3% Jan
100
143%
11%
45%
119
2
14
6
5
Jun
Jun
Jun
16
10
7
Jan 26
17 %
120
3%
22
Jan
'
134%
Jan
7%. Nov
Apr
Apr
Jan
'V 33%
108% May
Dec
116%
Jan
4
Nov
'
7%
♦78
7%
6
70
*48
27%
27%
27
26%
26%
26%
6%
*78%
7%
7%
70
5%
6Va
53
*50
79%
7 Va
■r
71%
*71
*•••••
69%
6
5%
'
84
'80
7%
•
5%
50
50
26%
27 Va
26%
26%
7%
5%
27
'
*21%
22 %
115%
*115
*12'A
*2%
*115
12%
42%
109 %
22
109%
21%
115%
21%
*113%
-
115%
12V4
11%
2%
*2%
2%
*41%
*
21%
'
13
5%
109%
5%
60%
60%
2%
*39%
9%
9%
9%
.
*"
*98 Va
13%
90Va
*98
99
■
13%
12%
90°/a
90 Va
72
38
V;
90
'
105V4
luo x/4
56
85
85 Va
84
33%
33%
32
:
*28
58
25%
28
30
58
25%
*111%
113
♦55
v
•
25%
*111%
26%
21%
■21%
*21%
22'A
*113%
115%
*113%
115%
121/4
11%
11%
11%
11%
P
2%
*2%
f
2%
43
43
109%
*109'/2
*68
"
*37%
*68
38%
9%
98
121/4
:/■.
12%
90%
86%
40 Va
90
86
*37%
*68
38
39
38
9%
*9
9%
j
*g
9%
*9
9%
.
*96
98
12%
90
88%
87
87
40 Va
98
12%
V12%
90
89i%
-87
*37%
*85 Va
40 %
'
>37%
98
90
!
80
54%
54%
84%
84%
84%
85
85%
85'%
85
85%
:
33
33V4
33%
33%
34
*33'A
33%
>
29
*28%
29'%
58
*56
58
29
27%
58
*55
25%
5%
5%
5
112%
■
28
28
25%
113
55
54
*55
26
112%
28
*27%
53
*56
26 Va
25V4
112%
112
12%
11%
12'%
*55 Va
56
55'A
551/4 V5
61%
63
601/2
61%
120
12
120
*11%
120
Xl6%
18%
17%
7%
8%
7%
12%
12%
11%
12%
11%
10%
10%
9%
10%
*50%
51%
50%
50%
20%
20 %
19%
20'A
11
41%
41%
17 Va
120
*119
121/4
11%
11%
*111/4
4%
*4
8%
*41%
112
62%
8%
41 %
112'%
12
4%
4%
4%
5
*41%
25%
55%
4%
11%
26
62
5V4
11%
54%.
11%
52
11%
.
551/4
:;i
*51Va
11 Va
9%
•'
-
•
10
6%
Atch
17,100
2,300
/-
17%
8
11%
// / 52
4%
52
5
V.
54
4%
12%
*55%
•V
124
60'%
*119
12%
130
12%
9,200
56
800
61 %
740
124
55
'
11'A
300
4%
.
4%
1,800
571/4
540
55
4%
5
37,100
&
5%
17%
17%
17%
8
8'A
8
8%
12
12%
12
12%
17%
Atlas
$5
Aviation
Baldwin Loco
Baltimore &
11%
11%
'6,800
10%
*9%
10
50
50%
50%
50%
50%
50 %
50%
50
Va
270
19%
20%
20%
20%
20%
21 %
21%
22 %
14,100
11
10%
11
800
42
42
100
*10%
41%
42
11
*10%
42
42
42
1,000
4%
Bangor
It
5%
Conv
Barber
•5%r,
17%
17%
17%
9,100
19%
19%
xl8%
18%
,6,200
*26%
27 3A
*26%
27%
*26 Va
27 '/a
300
Bayuk
*29%
30%
*29%
30 %
500
Beatrice
102%
103 %
11
11
11
18
18%
Xl6%
37%
37%
36%
11
*10%
103
29%
*30
107
11%
'
15%
10%
*104%
*10%
102% 103
31
*30
31
108
*105
430
108
11
11
50
11 Va
1,100
16%
16%
16%
16%
16%
16%
3,500
Bell
37%
36%
37
36%
36%
5,700
Bendix
17
56
56
32%
33
15%
14
16%
%
16%
14%
16
7
3 Va
Apr
5%
Jan
38%
Jun
Apr
Aug
50
Jan
22% May
28%
Jan
24
Dec
30
Jan
12% Mar
•7,17
8
Apr
7
Jun 10
Mar 18
Apr
7
Feb 27
May 25
107
102
44% Jan
66
Jan
26% Jan
2
Jan
8
44
,18%
106
6%
50%
52
113
—7%
2%
28%
3%
16%
16%
16%
55%
55%
56
400
Pr
33%
33%
33%
34
1,300
Best
15%
15%
15%
15%
15%
12,500
Best
63
19,600
Bethlehem
14%
62%
63 Va
62
623/4
62 Va
117%
*118
119 Va
118%
63
118%
62%
118 Va
63
118%
62
118%
17
118%
-1,700
800
No
——
Beneficial
7%
-50
1,
Inc
No
par
25
No par
w
RR.
_50
Packing Co
20
No par
Corp
Indus
par
5>
i.
Aviation
33%
16%
10
Corp
Aircraft
56%
*55
.100
.1
—5
—
Loan
.No
par
pfd $2.50 dlv series ^.No par
fix
No
Co
par
6
5%
34%
12 '
5%
30
1
12%
Mar
27%
Jan
Oct
1% July
.30
Apr
Dec
111% Mar
Sep
2%
;
112% Mar
May
7% May
4%
Jan
42
Sep
67%
Feb
40%
Oct
66
Jan
21
Jan
33%
Dec
Sep
Steel
preferred
(Del)
...No
par
;
100
Jun
31% Apr
5% Mar
8% Nov
2%
4%
79
Apr
82
May
4%
Oct
July
Apr
0%
Jan
81% Mar
77%
Jan
53
Jun
83
Jan
20
Jan
28%
Dec
81%
Jan
100%
Dec
27%
Jan
53
60 y.
Jun
72%
Oct
19%
Jun
34%
Oct
2
6
May 27
28% May 27
113
Jun 15
,13% May 29
55% Jun 15
65% Feb 15
120
Apr 13
13 Va Jun
4
5% May 28
57% Jun 18
6% Apr
8
16%
33
Jun
34
Oct
Jan
Mar
45%
Jan
Apr
23 Va
Jan
99% July
6% Sep
109%
Feb
14%
46%
43
-
i:n
Jan
Apr
51
Dec
May
70
Jan
116
Jan
111
May
7
Apr
1%
Apr
15 Va
Apr
2%
Jun
•
i
9V«
3%
31
4%
Jan
Dec
Dec
Jan
illlii/lllllii
Jan V 2
2
6
9
13
Jan
4
Jan
Jan
Feb
Jan
.
12VaJan:
2
13% Jan
7
23V8Jan
7
24% Jan 16
102% Jun 17
19% May 27
/ Apr
7
10
14%
12%
57
22%
12%
42
-18%
.
20%
x29
31%
114
25% Jan
25
30
93
25
Jun
Jun
6
29
26
18
5
8
Jun
8
Apr
Apr
May
Jun
Mar 22
May 27
Jun
1
Mar 16
Jun
2
107
Jan
9'A Jan
4
12
Janj. 2
34% Jan
4
13% Mar 17
'54% Feb 23
22% Jan
7
8 % Jan
Foods
5
27
11
14
89
12
37VaJun 11
105 % Jun 12
Jun
Mar
Jun
Jun
Jun
'. 60
4
7
16
4
14
9
12
7
21
5
3
Jan
Jan
Mar
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
May 7
May 19
Jun
5
Jun
8
58% May 27
86
May 28
38
May 26
7
2
13
19
10%
101
13%
91%
105
2
—50
Co
*
2
100
-
Belding-Hemingway—
16%
♦33
117%
Jan
63'A
74
40%
9%
5
4
3% Jan
Creamery
;*55%
117%
For footnotes see page 2323.
Jan
Jan
29
100
10% Jan
:
Works
Creek
Beech-Nut
36%
33%
Jan
2
Jan 20
Jan
2
Jan
9
4% Jan
7.
92
Feb 27
6% Jan
4
72'A Jan 11
59
Jan .7
—13
t c
-t.
t$5 preferred w
tBeech
16%
63%
63
117%
107
*30
37
56
14%
30%
v
Aroostook
preferred
Cigars
16%
*16%
15%
76%
5% Jun
Jan. 2
46
49
30
6%
—100
Works
Ohio
Oil
Iron
36%
x56
33
10%
103
Bath
17%
56%
34
34
*104%
30%
Barnsdall
37
17
17
*55
*29%
103%
29%
par
(The) ......3
preferred—
17%
103
.No
Barker Brothers
17%
*104%
par
Asphalt Corp
20%
29%
__100
No par
preferred
19%
107
par
No
Corp of Del
14,500
17 Va
103%
preferred—
Corp
8%
17 Va
*28%
.3
50
;
———No
prior A.
19%
*104%
25
100
Nlcholsl
Austin
27
*103
1
100
-
conv
Atlas Tack
19%
30%
100
—
preferred—
27
103%
100
-.100
-
RR
Corp
6%
tAtlas Powder
17,800
10
30%
Line
Refining
17%
8
10%
*29%
ij.———
,H%- conv pref series A
20 %
107
Jan
Dec
112% Mar 12
16Vb Jan
5
111% Jan 20
lOVaJan 13
~ 1% Jan
5
34
Jan 11
108% Jan
2
.3
5%
51%
31%
29%
22%
116
14'A
3 V#
44
4
104% Jun
par
100
called-•
preferred—.i
27
*29%
2
Jan
Feb
Dec
26
7'A Apr
2
24
70%
3%
Apr
74
11
MM b Slliills.
17%
10%
11
100
W I SS Lines—
•
Atlantic
".1
—100
No
Coast
'
par
100
—
preferred--—
110
11'A
4% ■/
5
112
....No
Atl O
1,400
13,000
par.
—5
Corp
Atlantic
4,600
100
25%
No
Topeka & Santa Fe_^—
5%
/
19%
*105
——5
No par
preferred.
Preferred
-
27
*103
gtd—100
Cork-Co—-
Corp——
preferred.:
Associated Dry Goods
t6% 1st preferred—
-t7% 2d preferred
20%
30%
par
—100
Constable
27%
30
pf 7%
preferred.
20
30%
No
prior preferred
Armstrong
230
9%
16%
-t7%
27%
*30%
5
Midl'd
(Del)
conv
'
58 :
25 Va
113
51
20
Assoc Investment Co—,
32%
51
12.50
of Illinois
$6
2.90
36
331/4
51%
Daniels
par
No par
Armour & Co
40%
84 %
51%
Corp
Mining
Artloom
50
V
53%
4Vb
Glass
..No
Armour & Co
/
-i 7,300
54%
.11%
Cable
Jan
42% Jan
24% Jan
4
,
39
Apr
54% Mar 30
5
50
1%
8% Apr 26
2
25
-
Mining
Paper Co Inc
Arnold
12%
53%
120
P W
900
■£
4Va
Hock
500
IO5V4
11%
A
y1,400
104V4
4%
9
May 4
81% Jun 17
7
3% Jan
55'A Jan
1
preferred
&
Copper
Archer
.
*104%
12%
W
53% Jan
par
100
-$5 div preferred——
'
Andes
71
2,000
105V4
*4%
v
20,100
*104%
♦11%
Anchor
P
700
y
6i >:
104%
61%
par
No
——
•
104%
12%
17%
5'%
*59%
'
:
*9
98
12%
86%
55
18
:'5%.
60
105V4
61%
18
5%
V-'
300
*104%
12
19
109% 109%
109%
,
700
I
55
No
Woolen
Anaconda
-
1,200
104 !A
62%
18%
43 »A
71
331/4
9%
98
*371%
105
*9
72
1
,
2%
"•431/4
104%
54%
*118 Va
2%
43 Va
*1041/4
12%
120
2%
-
105
12%
par
preferred
Anaconda Copper
1,100
-V
1st
S5 prior conv
100
105
62%
*118 V2
52
105
54%
..No
Amer Zinc Lead & Smelt_
; 1,010
5%
38
87
53%
26
59%
*68
39 Va
55%
Elec
&
'
91 */4
55 Va
26%
5%
I2V4
*104%
261/2
591/2
98
105 %
26%
51/4
13V4
*104%
Wks
Preferred
26,900
59%
99
105 Va
27'A
221/4
41%
$6
•
:>-3,600
27
115%
9%:/'
105%
5%
*48
27
*11%
*109%
9Va
*85
Water
American
2,500
Zf1,100
52
51/4
9%
*37%
100
7%
70
26%
59%
9%
89
105
110
9%
40
89
*37%
5%
5%
5%
84
*48%
52
5Va
9%
/
70
27'A
59%
40
9%
9%
/
■
Am
19,800
*21%
41%
*109%
.
72
39
40
9%
5%
60 Va
♦68
72
*68
109%
5%
7%
*113%
/■'
-
*2%
42
59
12
*40%
'
42
*26%
5%
*79
•■':•/■/; 71/4
/•;
70
7%
69%
*48
~
•7'A >
7%
81%
7%
701/4
'
V
81%
84
7%
7OV4
50
-
'
70
27%
26%
7V4
5
55% Jan
110% Jan
7
4
Jun
5
11% May 10
14%
Jan
9% Jun
2% Jun
4% Jun
4
Apr
22
Jan
6% Mar
4% Apr
24% Aug
8% Jan
36
12Ve Jun
15 Va Apr
18 Va
Jan
x23%
Nov
20
103
23%
64
6%
Apr
Mar
Jun
Apr
May
4 Va
Jati
7%
Jan
6%
Jan
Dec
13%
Dec
6%
Nov
33%
Dec
12%
26
105
30
110%
Dec
'Oct
Oct
Feb
Jan
9Va
Dec
17%
Nov
39% Apr
6
28% May
39%
Jan
17% Jun
56% Jun
5
5
9% May
46 Va Mar
17% Apr
15%
Nov
20% Mar 16
34% May 11
15% Jun
10
69% Apr
6
119% May 22
9% May
8 Va
Dec
49% May
105
July
54
Sep
24 Va
Jan
8%
Dec
66%
Jan
111
Tan
$
$
per share
$ per
..June 17
June 16
share
J per
share
Sales for
Friday
Thursday
Wednesday
June 15
share
per
STOCKS
PRICES
SALE
Tuesday
/
June 14
June 1 i
HIGH
AND
LOW
Monday
Saturday
2315
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4187
157
Volume
:
$ per
$ per share
Range for Previous
$ per
Par
Shares
share
'
34% 3;
35%
34%
35 %
33%
18%
19
18%
18%
*18%
9%
9%
9%
16'A
*16%
17%
*13%
*92
98
94
*48
50
17
16%
16%
15
16
16
96
i6%
17%
26'A
26%
26%
27
27 %
347/a
34%
35%
4%
4%
5
*48%
26%
26%
27%
27%
27'A
273/a
34
33%
34:
33%
35
27%
*26
27%
11%
X10%
10%
35
35%
*26
27%
*26
*11%
11%
11
;
4%
;
434
43/4
35»A
43/4
35
351/4
10%
•
Bond
28%
30%
•28%
29%
29%
;
30%
29%
301/4
43
42%
42%
41%
41%
*41%
42%
41s/e
41%
42'%
42%
500
42%
43%
43%
43
431/8
*42%
42%
700 :
30
30
■-
.
;
*42
•
*42
44
*42
44
•■'■
Aft
jo
i %a
16%
''VJ
A
15%
41%
42
42
A
18
*
17
9,
,
1%
,
•
i%
167/a
*41%
ft
1%
%
.16%
10%
,>16%
18%
'18%
18%
9%
'
9%
x8%
9%
.8%
;.
18
>. 9%
9%
9
9%
8
7%
112%
112%
112%
•8
; 8%
"8%
108
108 ::
109%
91/4 ; 9%
17% : 173/4
A 17%
17%
-18
18
22 3/a
22 'A
22'A
22
22
*32%
33%
x33 'A
30%
30%
30 3/a
A
108 / ;
107%
v
8%
8 %'.
;
c
22
22%
34
34
30%
30%
*
107
v:
14
5%
5%
5%
65
39%
*60 '
65
40
*60
X39%
*25
25%
;h»58%
'.*38%
<•
39
25'A
26%
27
1 Va
17%
2OV2
35%
36
9%
10%
43
76%
76%
23%
23'A
27
27
27%
27%-
27%
27%
53%
53%
*52%
53%
10
1%
1%
1 %
1%
1%
2.900
Callahan
7%
7%
7%
7%
7%
7%
7%
734-
7,700
Calumet &
*17%
17%
17'%
171/2
*20%
20 3/4
20%
20%
*343/V
35%
*33 %
/
48%
48'A
38%
i
97a
*83/4
*273/4
*44
95%//
*4%
4%
4%
1193/4
11934
122
120
120
140
140%
140%
140
140
48%
47%
48
38%
39%
*103%
*123%
:
47%
124
124
*108%
111
110%
110%
13%
14
13 »A
111
13%
91%
91%
91%
22V2
3%
106%
*16%
16 5/8
23
22%
6 //
•108
111
38
37
r
53
57
21%
•
.17%
37%'
t>5>
*221/2
21%
X105'A
105%
22%
*21
43
43%
13%
i33A •;••/
11%
12
19 %
411/4
53%
A:
-
1 'A
1
3%
30
78%
14%
141/9
Xl3%
*37%
•
11%
5%
12
19'A
*19
X18
*1%
1
•/ 1%
*13%
'
16
_
2%
3'/4;.
1%
'V
2
1%
*13%
163A
17
31/8
2%
30
143/8
102%
*101
102
48
49
■■;•: 5
*37%
39
*101
*471/2
5%
53/8
383A
*38
*125
*67
*113
114
...
105%
1133/4
113%
353/8
35%
*104%
105%
*105
*91
92
*91
60
*51%
91
92
*51%
60
*63'A
43%
44
36
36%
146%
*145
146%
111
*108
111
20%
20%
106%
*63%
64%
*105
*
75 •••'"'
*113%
105%
300
20
H334.
35
,
1,000
,
*•91
92
*91-'
60
*51%
60
*51 %
5 %
43
35%
35%
*144
146%
110'A
110%
64'A
64
43%
35%
1461/2
110%
64%
.
351/4
*144
108%
*63
92
;
—
*820
*820
—
21
20%
;
* •'"'
21%
20%
Cluett Peabody
Preferred
A
800
Coca-Cola
y
230
v
1061/2
106%
106 Va
20%
—100
preferred
t
26%
25%
26%
*110
25%
4,900
Co
3/4
16%
17%
16
10%
10 %
10%
10%
10%
10 3/4
107
26%
26%
*110
26 3A
*26%
113
163/4
17%
ll'A
26%
113
26%
*110
•26%
St Co,—,
10%
10
17%
17%
3,200
fClass
/ Colgate-Palmoiive-Peet
11
10%
*93/4
103/4
*9%
11%
11%
11%
10%
11
10%
900
ll'A
A
1,310
22%
22%
22%
23
*22%
22%
22%
22%
see page
2323.
11%
1,450
100
*10
103A
'22'A
For footnotes
t$4.25
preferred
No par
No par 1
1
!
ll'A
11
10%
11%
*22%
23
*22%
22%
22%
22%
,
800
22%
*22'A
22%
22%
22%
; /
500
22%
*9%
Colllne St Alkman
5%
17'A
11%
12
223A
11
No par
No par "
(The)
1
;
113
*17%
17'A
11
*110
-
10
50
A,
2_,
Coca-Cola Intern Corp..r...No par
50
107
,50
No par
No par
—100
2
7
13% Jan
Jan
*103% Mar
113%
Jan
2 %
8%
Sep
11'A
3%
Jun
.
conv
preferred
1% Jan
(Colo Fuel Si Iron Corp
Colorado & Southern
4%
24% Jan 30
67% Jan
7
10'A Jan
2
96% Jan
4
27
Feb 10
2% Jan 13
33
Jan 13
123
Mar 17
67
Feb 2
.109% Jan 4
283A Jan 22
7
15% Mar
19 % May
26%
4%
33'A Jan 12
May 13
88
Jan 4
62% Jan 11
142
—'—-
16% Jan 11
1033/4 Jan 12
108
Jan
14'A Jan
,2% Jan
4
7
4
2
100
,_100
2.50
3'A Jan
3
Jan
15% Jan
2
2
6
—2.50
15»/2 Jan
2
2d preferred—
Columb Br'd
Class B—
Sys Inc cl A
—
Nov
20%
.
14% May
Dec
~9%
Jan
6%
Jan
2%
40
Jan
4%
Feb
Nov
24%
Oct
6%
Feb
Sep
19%
Oct
Feb
3%
44
Sep
18
Oct
25
21% July
.
3%
Jan
10%
Nov
95
Jan
Jan
17
Deo
2%
Apr
6% Mar
,
.Dec.'
89%
10
12%
Dec
63%
NOV
Jun
l'A
Jan
7
5%
Jun
7%
Nov
19% Apr
7
117/a
Jan
16%
NOV
23% May
1 :
7
9%
Apr
15%
Deo
Mar 31
27%
Dec
33
Aug
7
3%
Jan
11% May
7% Nov
44 Jun
18
37%
Feb
9% Apr
6
Feb
4%
Nov
46
Jun
4
,32
Apr
38%
Dec
X90
Apr
8
77
Apr
89
Jan
28%
Nov
:
.
29% May
laA
22% July
2% May
3l'A May 29
5% Apr
,
123
6
54 %
May 10
3% Nov
Apr
78
*Jan
117
140% Jun. 16
491/2 Jun
/
30
5
39% Jun-
■
130
,
Deo
Dec
•
15'
7
42%
Apr ■'
29%
Apr
Deo
Deo
May 24
82
Apr
07%
110
Apr
120 'A
,-i
Deo
1253/a Apr;27
Jan
106
113% Jun
77'
10
143/4 Apr
5
92
1 %
3% Mar 12
/'
7% May 13
Jun
82
8
27
Apr.
*
110
■y:
Nov
Oct
Jan '.A.
18
3%
Nov
104
,
Deo
33
July A
'
Jan
3%
Apr A: A-
V: 2%
113% May 10
2%
Mar
11
Deo
Deo
23%, Jan
-;
Jan
1%
7
•
May
60
5
23% Jun
Apr
Dec
8%
753/4
Aug
Feb
'
16.
7
07%
Apr
6%
66
May 26
23% Jun.
Oct
Jan
4
1%
Apr
3%
Nov
65% Apr.
1
23%
Jan
32%
Deo
19% Apr
6
15%
Sep
19
•■14%
Jun
18%
Oct
.63
Apr
100%
Nov
22
108
7
Jun-
May 17
5%
26'A May 22
3
45% May
Apr
Apr
Jun
8 3/4
Jun
23A
8%
Jun
13%
Jan
1%
Nov
Aug
17%
Jan
Apr
393/4
Jan
52
Jan
12
5
41-
May
54
May 27
33
1
2% Mar
Mar
'
47
July
A
%
4
8
4
%
Jan
Jan
3
8% Mar
-•
1%
Jan
A;
3
Sep
Sep
Ve Mar
1%
Sep
83%
Jan
11%
Nov
11%
153/4 Apr 30
18
Jun 10
«
A
Sep
4%
.:
3
Apr
Deo
Nov
%
1%
21% Jun / 2
22
Oct
Feb
23A
;
;
.j'
Jan
68
23A
9% May 11
17% May 13
7% May 12
133/a May
9%
Apr.
89
Jan
303/4
Apr
27%
;
101% May 17
Jun
13%
Feb
A
v.
;
"
3% May
82
1
4
Jun
"
20
6
10
32% Apr
15%' Apr ; 6
(3
Jun
5
32
6% Jun
18
39
Mar
Jan
18
74% Jun
May 19
37% Mar 29
114
105% Jun
91
1 Jun
Jan
25
70%
10% Aug
May.
Oct
2%
Mar
Jun
120
Dec
7
130
Feb : 1;
Jan
28
4
2%
Jan
82
52
Deo
May
43%
6
103 % Apr
84: Jan 23
50
Feb 6
38'A Jan 2
...No par
100
No par
,——100
1st preferred——
Oct
V
Apr
2
17% Jan
Dec
7%
Sep
.
16% May
7
Dec
85%
Apr
47%
Jan
4
—
Oct
8%
%
% Mar 16
11 'A Jan 12
101'A Jan
Jan
14%
Dec
6
99
34
3
Deo
Aug
Apr
.
Jun
39% Nov
125
Deo
67%
Apr
72
Mar
107'A
Jun
112%
Nov
31%
Deo
22
May
9
053/4 May
7
16
77% May
102
Deo
84'A Mar
May
60
Jan
48 % Mar
32%
Apr
44
Jan
39
25%
Apr
36%
Jan
50% Feb
150
112
47
30
Mar 31
Jan
Jun
65'A Mar
8
Jan
139
56% Mar
7
5
55%
Jan
•
\
Feb
470
11% Mar
22 3/a May 18
97 %
108'A Mar 31
Apr
.
113
*110
113
*106%
gtd
Special gtd 4% stock
Molybdenum
*820
20%
21%
100
5
Climax
146%'
64
No par
100
preferred
4,600
35%
5
& Fuel
3,200
108%
.,——25
tClev & Pitts RR Co 7%
100
60
423/4
42%
43%
par
No par
C. C. C. & St. Louis Ry. Co
100
5% preerred
100
Clev El Ilium $4.50 pfd
No par
Clev Graph Bronze Co (The)_,_,_l
105%
*105
Co,_„",
Corp
City Investing Co
75
x35
35
'...No
City Stores
;•
Clark Equipment
A 140
*67
6%%
330
13,800
38
*125
140
City Ice
40
'
50
91
64%
107%
17%
*22%
105%
110%
*106%
10%
223/4
*145
38
Chrysler
1,500'
Oil
par
10
35
28% July
9% Apr
60%
5
No
Jan
Nov
.
Apr
16%
2
100
Co,
Chile Copper
20
13.400
6%
6
38%
.
Cotton
•
106%
17%
*10'A
35%
36
146%
20%
21
20%
106%
113
43%
5%
;
i
106%
*110
43
109
*8213/a
*820
*26'/4
35%
*145
109
64%
64
64
A
*513A
35
101
101
*47 '/A
50
*113% 1133/4
113%
35'A T 35 3/8
*113%
353%
r
102
Childs
19,200
2%
14%
75
*820
,1%
14%
140
'
-
14%
*67
36 'A
;
14%
60
-
Chlckasha
14%
92
36%
600
14'A
*91
*110'A
171/4,
79%
*125
43 %
200
30
75
44%
>
78%
*51%
*44
2%
372 Jan
H Jan
No par
Pacific,
15
30 •'■:■
•.-•
St
div
1%
*13
79,.:
5%
Isl
cum
preferred
preferred
Chicago Yellow Cab
30%
140
*105
1,200
78%
48 3A
($2.50)
Chic Rock
1,900
79%
*28
tPr pf
1,600
,—
A
78
*28
*67
105%
,
79%
31 3
*37%
37%
35%
300
78%
*125
y
;
100
2,100
Chicago Pneumat Tool
...No par
$3 conv preferred—
No par
■A,'
17
6
8
6
1,500'
100
Li
Ay-
■
15% Jan
37
Jan
48% Jan
18%
*17
15
4
,—,,5
Jan
1%
10 3A
Apr
7
73/8 Jun
8
6
4
Chicago Mall Order Co,,
Jan
%
1
41
2'/a Jan
10% Jan
6
Jan
2—50
i.
50 ; !
2,300
40%
2
7
6
•
Nov
43
/
181/2 Jun
95% Jan
2% Jan
7% Jan
No par
2—40
RR Co.,
A
Chicago Great West RR Co
5 ft preferred,
3,500
531/2
1%
14%
East 111
;
181-2
■
.
35%
107'A Mar 15
8'A Jan 13
33% Jan 2
i.,,25
8,600-
19
*391/4
-
2'A
/
Class
.;
—100
—5
,12 Vs.
1%
A 2":
2
*1%
.
Chic St
3,100
*51%
40'A
53%
75
35%
18%
*39i/4
*513/8
140
114%
*105
3,4
41%
3,700
6
12
53%
200
73413%
St Fib Co
Preferred series A
100 3/4'
19
12
'
*65
35%
a;
Pap
6%
preferred
^
Checker Cab Mfg
Chesapeake St Ohio Ry_„
100-
12,600
43 '
5%
5%
19 %
12
23
.;•,>
7 3/8
13%
18%
19
100 3%
7'A
','.■133/8
1011
7%
80
*65
106
42%
43
13%
*125
*113%
No par
•
170
32% Jan
Jan
Apr
Apr
•
17'A Jan 12
18
Jan
5
99% Jan 8
No par
Cham
*21%
23%
OO
140
*125
*145
O
7%
14
5%
5%
18%
11%
*5"
5%
*37%
.;
:
16
*48
49
5
38%
a
102%
49
Chain Belt Co„
900
102'A
14
*101
300-
*
26
Mar 27
38
,
6
Jan 14
Jan
2
x33
3
1
—100
Nov
NOV
4
9'A Apr:
973/4 Jan
4
3
Jan 12
...No par
9%
2l'A
30
3
4
1 % Mar
Mar 19
Products
Sep
Jun
•,
29% Apr
98
0ft prior preferred
20%
7%
Jun 9
Apr
7
Jun 11
Apr 6
May 20
56
,100
21%
141/4
80
5%
.7'A
13%
2%
*28
30
80%
Cerro
Certain-teed
2,880
' ■>
8
:
31% Nov
May
..
15%5 Jan
Feb 25
May 21
Mar 2
Mar 1
Jun
5
Jun 14
Jun 10
May 6
Mar 25
May 10
May 10
7
Jan
Jan
17%
*103
106
42%
43 Va
101
*100%
5%
3
49
*22
J
7'A
14%
3%
102
*103
•21%
42%
13%.
.
xl6
49
1043A
*21
14%
173/8
102
104%
431/4
13A
17%
30
*5
22
1%
;
14%
793/4
v
4
5
7
.
Mar
Xl5
May
257/a
5'A
17%
83'A
25%
•
2
4
y
Jun
9% Jun 18
13
3
17%
17%
21%
*2
3'A
*28
17%
*40
2%
3 %
7
57
.
Jan
1%
Deo
43
18 3a Mar
193A
25
42% May
2
2
5
8
9
.
...
8
6% May
75
—No par
de Pasco Copper
1,200
6,700
38
63*
55
4
4
2
...
•
303/e
10% Apr 1
18% Mar 31
29% Apr- 5
35
Apr
5
31'A Jun , 7
108% Jun 7
15% Jun 7
.
:
•
6
6
127'A Jan
;
*21'A
17%
21%
OO
(
.
Preferred _,1
1U
*37%
6%
54%
*17%
*52
2
»
37%
6%
53%
6%
55
4
5
.
100
Century Ribbon Mills
100.
6%
*108
*21%
41%
1%
17%
37%
37%
A*5%
6%
111
*108
18
53%
2
*16%
'*5%.
6%
111
116%
4
6
22'A Jan
53% Mar
// % Jan
preferred—100
4%%
Lt
21%
21%
•
111
Central
tCent RR of New Jersey
*5%
Jari
6V2 Jan
15'A Jan
..Central Violeta Sugar Cp
37
19%
19
2%
14%
40
1,400
*40
%
2
15
3,400
6,000
*51%
41
52
11/4
•'••
*14%
11%
•
19%
41
*105
16
.
19
Xl9
2%
1 Va
2 %
',:•■ 2
113A
19%
3%
A 106'A
3%
3%
106'A
;
21%,
37%
51/8
5%
52V'8
,
r
6%
13 Va
21'A
11%
19'A
41'/4
*52 %
*100%
7%
14
5 Va
2 l'A
3'A
*105%
91
•
i 22
'
20%
5%.
5%
21%
22%
22
15%
*108
23
42%
H00
6%
6%
105%
105
22%
13%
*89
18%
10'A
114
9%
■
-
*17%
6-» O O
22%
22%
90%
30-
4,000
170,
4,300;
13%-
21%
6%
173/4
101
7%
7%
111
16%
53 3A
21%
*100'A
123%
13%
22
6%
17%
433/4
90%
130
15%
54%
21%
43 Va
123%
,
5,500
610
111
124'A
lllM
42
403/8 Jan 21
263/4 Jan
7
y 5% series prior preferred
100
95'A Jan 26
7% prior preferred
,,100 / 119
Jan
4
••: I fe
2d preferred
100
96% Feb 1
Celotex Corp
No par
8'A Jan
2
5% preferred,,
100
763/4 Jan 2
Central Aguirre Assoc
i
No par
16% Jan 12
Central Foundry Co
1
1% Jan 2
16
6%
18%
107%;.:
24%,/:,
*106%
-
12'A Apr
30'A Jun
•'
No par v
No par
22
53'A
6%
56
.
.
58
3
Jun
26% Jun
•
7
Jan
9'AJan
,100
—
Caterpillar Tractor
Celanese Corp of Amer
5,100-
•
Oct
6% Apr
36
8
4
Jan
Jan
72
Jan
16 ;• Jan
100
,21%
21%
111
*108
Preferred
90
104
103%
Dec
3%
'"y
2% Jan
No par
5
15%
15%
*5%
•■".
22
*173/4
*
.:
:/:6
6%
6 % ,V
6%
56'A
23
1,900
39%
39
30
104
3'A
*106
•
483/s
48
48'A
106%
3%
3%
14%
16%
22'A
22%
1,000
142
Dec
283/4
1
700
>
l/'
121
*140 %
13%
893A
89%
106
124
*110
-
13%
13%
90%
3
106
111
*108
38
:'A
107
14%
6%
*6%
4 3%
*106
23
.
22 %
23%
3%
23%
3'A
89%
38%
*103%
124
*110
124
•123'A
14
47%
48%
103%
103'/2
*119%
r
jx'':
160
4%
223a
Jan 16
43%
Jan
7 A 44%
Jan 13 y
}jj
Jan 27
l'A
Jan
2
; 18'A
205A Jan
y
5
Hecla Cons Cop
•.-•
39
38%
38%
104
111
23
4%.
4 7/8
118
170
•
281/2^
28%
139%
600
94%-•
94 'A
.28%.
4%"»f
5
121
123%
106%
28%
28
28
28%
200
45%
*44
94%
94%
21,200
9
Jan
7
13% Jan 13
29'A Jan 23
Canadian Pacific Ry
„_25
6% Feb 9
Cannon Mills
No par
36% Jan 21
Capital 'Admin class A
2
2,1
4% Jan
2
$3 preferred A,,,,,
,10 /
40
Jan 25
tCarolina Clinch & Ohio Ry
_.,100
x85' Jan «.7."
Carpenter Steel Co
Ai-t—.2.2
5
25'A Jan / 8
( Carriers St General Corp,
,,1
3 % Jan
8
Case (J I) Co,,,
*,100
77% Jan, 11
70
9%;
*8 34
Jan
17%
5'A Jan
Zinc-Lead—__—i___l
Campbell W & C Fdy
Canuda Dry Ginger Ale.i
tCanada Southern Ry Co
900
4,200
;
44
44
45%
*44
45%
*94%
'/•'
9
•:
:
36
9%
10
*8%
—
95
14
•90
9
43%
*43
43%
45%
94%.:
111
*123'A
9%
10
9%
*42%
8%
*44
104
104
104
•
35%
139%
120%
*139
48%
39%
39%
104
20%
2OV2
*34
36
43%
4%
4%
5
17%
17%
17%
20%
'
*8%
v
preferred
t5%
40%
21% Jan
'
*42 %
■
>
Feb
Apr
13% May
>
7
Jan
41
,
;__.__No par
,,—,,—,,50
Packing
California
•
26%
54%
•
121
7,900
27%
28%
139%/:
Byron Jackson Co,
Copper
l'/e
95%
28%
900
-
95%
4
4
9 'A Jan
2% Jan
<
30
5
No par
2,100
No par
Byers Cb (AM)
I Participating preferred
*1%
20'A
45%
28%
Butte
*52%
*34
I
preferred
& Zinc
3,100
76%
23%
f:*--
100
preferred2_100
!
___10
!
;
May
20'A Jan > 2 ;
105% Apr 20
1
Bldg 7%
conv
72
•
•••«
NO par
:
130
76
9%
94%
600
5%
l'A
;
45
:
•
•
Terminal
Butler Bros
Jan
May
9
14% Jan
19% Jan
24% Jan
•
-
__1
,100
3,800
•
163i
*23
8%
95 %
45%
*16%
•
;
A
4
4
4'A
17
23%
10
8%
*16%
"
*
preferred
54%
35%
95'%
*4%
25 Va
25%
*4%
'.
4%
17
6%
y :';^6%
—,_1 '
No par
..No par
preferred
Bush Term
50
6,300
.
'76V2
•/
44
*43
83/4
121
•*25%
25%
A
4%
16%
-
9 %'
25 %
23
21%
*138%
39'Af
9aA
76%
18
21%
*45
*371%
9%
9%
22%
17%
18 %
21%
8%
39%
9%
*25%
5%
Bush
21%
25
56% May
Jan 12
3
Jan
2
76'A Jan ;8
<
i_,No. pdr
i
:
Burroughs Add Mach
,
6,000
65
76
1%V'.
7%
*17%
10%
•58%
2
Burlington Mills Corp
•'
65 A
2,100
tfheel,,'!,.,
*52%
54%
7%
*
8,300
.5%
par
No par
i_100
Bulova Watchi
•
No
,__5
Forge Co
100
,
14%;
5%
261/4
UW
*52%
43
108
'
800
4,100
;
22 %
543/8
*35%
39'A
9%
3%
*75
77%
27%
1%
-
•
30 %v
No par
Mfg
Co
May
6
8
21% Mar 30
;
16
V'
33
37%
ft
;.
1
9%
293A
■.
13
6%
■
104%
No par
preferred
Buffalo
Dec
13 %
11%
35% Jun 10
.K-
No par
Bullard
75
2
2% Jan
28'A Jan
'•
;
preferred
Budd
600,
1,800
.
Jan
July
22% Jan
No par
2,5
No par
L.2
Co.,
(E G)
t7%
3,400-
1
•37
(65
*37%
25%
16
'
73/4
3:
I
*58%
;
16%
A 3%
>
23
1%
5%
9%
9
22 %
7%
14'A
5%
;
*58%
65
17
t. 76%
77%.
24%
*52%
•'14%
5s/a
310;
33%
14
14%
Budd
~
••
25%
4
16
*26%
108
108
*107
108
5%
7%
15,600;
v
9',V
-
4%
17%
77%
'
14%
5%
5%
4%
4%
17%
*23%
14%
A14
9%
25%
"107
108%
'
39%
9%
9%
9%
30%
8%;
9%
9%
9'A
33
30%
30%
'*107
108
14%
5
15
21%
*32%
33
32%
A30
^
,
30%
29%
*107
108%
14%
33%
;/
21%
•/•;21%
21%
21%
3 33
18
*17%
17%
17%
9%
9
9%
9
9%
17%
90 ■
110
109
109%
Bucyrus-Erie
5,300
9%,
ll3%(
*112:
12
8
y'
-•
Bruns-Balke-Collender,,
2,000
Jan
Apr i-
Jan
♦'
Brown Shoe Co
200-
'
14'/a
5
95 :'Mar 20
48% Jun 15
27
Jun
5
273A May 29
17
,_„5
Brooklyn Union Gas
2,800
A'
;
9 3/8
9%
"
109%
•
9%
17%
42
(18
-
*110%
112%
112%
"v-.v
8%
7%
107
109
2,800
v
163A
i
17%
'
113%
•112 Va
\
8%
8%"
42
*17%
/
Jan
Jun
91% Jan 12
38% Jan
2
,,100
Co
Brooklyn & Queens Tr__
Bklyn-Manh Transit
•
'
114 " :i114
*41
*401/4
18
l'/a'
ft
16%
16%
42
17%
18
A'A 17%
;*107%
161/4
1,400
%
*1
l'A
%
A
Jan
7%
26% Jan 13
1
Briggs St Stratton
Bristol-Myers Co
•
•
18%
;
'.A.A
%;
:'1%
.'
163A
,
•40
42
*40
i*
-V*
1%
1
9
10
*
]
__,15
20
Jan
No par /
9
Jan
No par
\ 20s/a Jan
~
Dec
19%
Sep
2
5
Corp,,,
'
;
29
Apr
Jan > 5
Jan 26
Jan
9
Manufacturing
Briggs
6,400
30%
30
*41%
Apr
14%
13
—15
(The)—-
Brewing Corp. of America
Bridgeport Brass Co
3,600-
-
•
18%
14% Jan
1
Roller Bearing
Bower
.yftft 500 ;
;
•
Boston & Maine RR
2,200
10%'
Co
Borden
5
19% Mar 6
ll'AJun 17
17% Feb 25
17'A Jun 18
97
Feb: 9
41 Ve Jan
_5„JVo par
No par
A
,
Borg-Warner
;
38% May
5
Inc
Stores
8
Jan
5
Brass
k
class
8,100
/
27'%
-
Ami Oo
7,000
—
■
35%
10%
11 A-
10%
10%
*27
27'/a
*26
27%
*26
*41/2
*34iA
Aluminum
Class B
>
60
•
:
341/4,
4%
;
Bon
3,100,
26%
35
*34Va
35%
-
5
No par
—100
Co preferred
<St
6%
13%
9%
76
Highest
$ per share
per share
4
2
27% Jan
16
Jan
.
par
Airplane Co
Boeing
30
y
No
Laughlin Inc,
Blumentlial
1,400
26%'
27%
'
'•35 'A
94
52
*49
27
4%
4%
>
26%
x33 %
34%
34%
52
Mfg Co
Co_«_^__»
Bloomlngdale Brothers
Bohn
,
25%
27
K, 27
94
93-
:
9,200
A'
53
53
*93
-
BUss &
20
17%
:
*48%
50
26%
26 %
26%
27%
34%
*93
94
48%
;
52%
52%
53
94
*93
A,/ 48%
48%
17
17%
17
Decker
&
Blaw-Knox
540 ;
98
*93
98
*93
16%
17% '
17
Black
700
100
*15%
No par
No par
Blgelow-Sanf Carp Inc
1,200
44,300
11
10%
16%
-
18%
*18
16
16
17%
52%
35
*16%
98
17
52
52
94
48%
27%
*4%
*93
96
53%
x53
*93
*93
11%
17%
17
54
54.;/.:;
18%
10%
96
*90
17%
17%
18%
14
14%
,
18%
10%
*16
17
14
14%
9%
10%
*34%
18%
10%
34%
34
34
34%
18%
10%
35%
■
$
$ per share
share
1U42
Lowest
Highest
Lowest
EXCHANGE
;
Year
Range Since January 1
NEW YORK STOCK ;
;
the Week
June 18
10% May.
27% Jum 10
111
' Apr
18% Apr
14 3A Mar
96
13
6
%
15
1
12% May 12
12% Apr
243A May
Apr 1
May
% July
2
5
x24% May 20
May
13% May
149
Nov
92 '
Nov
63%
Jan
470
Feb
17% Nov
107 %
18%
108
Deo
Oct
Deo
18%
Jan
4%
Sep
6% Sep
5
Sep
8%
;
Apr
16%
Deo
8%
Apr'
16%
Deo
f f THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK
LOW AND
Saturday
Monday
June 14
June 15
* per share
Friday
$ per share
$ per share
4%
4%
4%
4%
4%
4%
4%
4%
4%
70%
67%
70%
67%
68%
*69 y4
70%
69 y4
63
63
93
*91
$ per share
69%
62
the Week
4%
,*7oy8
Sales
June 18
June 17
June 16
$ per share
* per share
STOCKS
Thursday
Wednesday
Tuesday
June 12
93
63%
17%
•37
63
,♦60
63
62
91%
91%
91
92
*91
17%
1
63
90%
63
90%
17
17%
16%
39%
40
39%
40
38%
107
*105%
107
*105%
is y8
42
42
•110%
*110%
111
•;
13%
13%
13%
13%
♦37
40%
106
18
% !
57%
24%
;
60%
59
61%
23%
13%
%
•
H
in
K
; 27,400
.
'
%
62%
62%
63%
62%
63%
24
23%
37
par
—No
9
30% Jan
11
39% Jun
1
24
14
44
7
16%
Jan
104Va Jan 19
29% Jan 15
10b% Mar 31
91 VJ»
Apr
20%
111
2
& Jan
2
24%
237/b
23%
23%
23%
23%
7,200
Commonwealth
10
10>A
10%
*10%
10%
10%
10%
10%
10%
23%
*22%
23%
23
23%
22%
23%
Congoleum-Nalrn Inc
20%
21
20%
20%
21%
21%
21%
21%
21%
22%
*23
23 y4
1,300
No par
No par
♦106%
109
*106%
106%
107 y4
108%
108%
108%
*108
108
110
160.
19%
3
3
♦16%
;
■
I
17
98 y*
45
3
: •
'
2%
24.
24
24
11%
10%
11
24
io%
24
;
11%,< 11%
14%
14%
*14%
r
♦67
168'A
15
98%
98
22%
22%
22%
10%
9%
*108
10%
110%
343/4
35%
;109
109
: 35%
34%
14
14
47%
.
13%
47%
:
'
110
37 •
98%
22%
10
*35
*108
98%
22%"
22%
10%
10%
*106
112
*35
36%
•
35%
99
22%
109
353/4
14%
*14
14%
14%
14%
14%
47%
47
473/8
473/8
47%
473/4
63/8
6%
6%
63/8
6%
35%
35%
6 3%
5,400
14%
6%
3
16
2
5
6% Apr
20% May
5
99
% Jan
11
19J/4 May 12
i
16
Jun
12
16
16% May 10
34'/2 Jan
7
70
99..
23% Jun
6
16
Jan
6
x4% Jan
7
96
5
—NO par
100
Continental Can Inc
..20
Continental Diamond
Continental
Insurance
16,500
Continental
Motors——.
Fibre
Jan
7
Jun
36% Jun
Dec
Nov
27%
Dec
333/4
34%
33%
34
8,600
Continental
25'/2 Jan
8
37
25%
263/4
26%
26%
2,600
Continental Steel Corp——No par
18% Jan
2
26% Jun
13
13%
13%
133/8
133/8
1,000
x9% Jan
7
15
*49
493/4
*49
493/4
340
Copperweld Steel Co
tConv pref 5% series—
50
45
Jan
V' 44%
44%
540
fCorn Exch Bank Trust Co
20
37
Jan
Corn
25
53% Jan 20
179%
*179
179
179
^
*49%
44%
44%
44%
44%
56%
57%
55s/8
565/8
49%
49%
*1773/4
178
178
179
178%
49%
44%
573/4
179
*1773/4
50
•
179
240
5%
5%
5%
5%
5%
53/8
5%
5%
5%
5%
5 Vh
5%
*2%
23/8
2%
2%
2%
2%
2%
2%
2%
2%
2%
2%
20%
21%
14,700
104%
105 %
1,140
21%
21%
20%
21%
1043/4
103%
104%
223/4
22%
21
22
21%
19%
29%
28%
43%
:
21
20%
29%
43 %
*43%
20%
*22
20%
213%
104%
1043/4
104%
-
*22
21%
203/4
.
104
104
103%
22%
22%
22%
21
21%
22
22
20%
14%
93%
14%
14%
15
94
94
94
33%
34%
34
34%
78
79
*76%
78
78
*76%
78%
20%
20%
*19%
20%
20
20
*19%
20%
12%
14
13
13%
13%
14
13%
13%
*109
114
*109
*100
105
*100
106%
?
10%
26
20
26
..
*104
20%
26% ?
,
5
6
6%
105
26
25%
105
5%
*104
5%
5%
26
*104
5%
5%
700
26
20
,
5%
74%
72%
72%
*70
72%
*71%
72%
72
72
34%
33%
34%
*34
•34%
34%
34%
34%
26,300
8%
8%
23%
22%
♦99
8%
100
22%
109
*99
105
*86
■
21%
8%
8%
22%
*99
104
*86
8%
23
100 1
*86
;
■
8y4
22%
22%
109
*99
109
*99
100
*86
100
*86
22
30,800
2,700
21%
21%
21%
preferred—
.100
preferred——100
Sugar—.——100
preferred—„—
.100
9V» Jan
7% Jan
105
8%% con? preferred—..——100
Cudahy Packing Co—
Cuneo
Press
32
Jan
71% Jan
Feb
11
10% Jan
22%
2
V
88% Jan
39% Nov
84
Jun"
/
82
7
21% Jun
11
8% Jun
9
14y2 Jun
11
5
Jun
88 •;
Jun
74%
Jan
95%
8% May
13%
Apr
112
1
92% Mar 20
.30
7
16
7
Jun
9,
106%. Jun 10
20% Jun
7
26% Jun
4
10
,
13 /
13%
NOV
Jan
9
Jan
140
Jun
■
Jan
Inc—.
5
18
Jan
8
.100
100
Jan
8
1% Jan
30% Jan
2
2
7% May 10
81% May 10
17
Jan
2
37
May 10
6% Jan
2
2
9% Apr
8
24% Mar 29
18
Jun
Feb 10
Mar 31
80
Jan
95
Oct
44
Jan
81
Nov
19
Oct
Preferred
—No par
No
*
Prior preferred
Curtiss-Wright
Class
par
—No par
—1
A——
f-y
1
22
Jan
96
105
Feb 26
Feb 10
84
15% Jan
22% Jun 18
4
19%
Sep
Dec
Feb
100
Jan
2
Oct
13% May
32%
NOV
12
20%
Oct
9%
Jan
90
May 21
100
87
Mar
Dec
preferred
Curtis Pub Co (The)
4%%
Cushman's Sons Inc 7 % pfd.—100
$8 prefened
i.
No par
Cutler-Hammer Xnc——JVo par
100
22
1,800
109
*86
;
21%
21%
8%
22%
*99
100
22%
21
:
8%
x22%
8%
23
22%
80
34%
8%
r
qonv
t7%
-
105%
5%
No par
Cuba RR 6%
,
74
8%
;
Amer
Cuban-American
300
34%
23%
21%
600
3,100
74%
35
63
19,700
35%
•:
*73
6
130
13%
20
5%
5%
6
Crucible Steel of
4,600
20%
25%
Sep
37% Apr
May
23% May
78
105%
12%
Jun
Jun
103
*24%
Apr
77
16
95,
*100
*104
10
8
4
2
103
25%
105%
Jan
3
11% Jan
*76%
19%
Dec
Nov
41
81% Jan
103
20
9%
20%
Mar
t$5 conv preferred——,^-No par
6
Nov
5% May
420
,
%
14% May
2,800
•
Oct
3% Nov
32
441/* Jun
114
19%
23% Mar 12
22'% May
30% Jun'
*109
19%
106y2May29
9
Jan 15
18% Jan 12
114
101%
19%
19%
*25%
105
101%
104
10
5
4
37% Jan
*20
13%
22% Jun
159
$2.25 conv preferred——No par
Crown Zellerbach Corp
5
*109
114
*109
113
;
19%
26%
*104
107
6
19%
v
*76%
<
2
Jan
16% Jan
No par
34%
*104
95
No par
Crown Cork & Seal
33%
114
Dec
Crosley Corp (The)—
34%
,
Nov
16%
400
33%
*110
98%
4,000
34%
v
Dec
Jun
12% Jan
14 y2 Jan
100
Corp-(The)—...2
1,900
33%
14%
14%
85
—25
preferred——
29 y8
34%
78%
11 Apr
10% Apr
43%
34%
179
2% May 22
20%
,
Dec
Apr
Mar
3
2
29 %
93%
Dec
58
^ Jan
43%
15
37%
Apr
2% May
44
93%
Jan
Apr
42%
May 17
29%
15
51%
23%
6
44
94
Mar
45
7
Apr
180
29
14%
17
61J/8May21
2
29
93%
49% Jun
47
21% Nov
12% Jan
.
Apr
2
44%
15
6
2
8%
5
Jan
28%
94
17
Apr
2% Jan
44%
14%
20%
conv
Mar 30
Jan
1
Co—
5%
Cream of Wheat
7V4 May
8
=
1
20%
94
14
Crane
500
176
—^——100
Coty Inc
Coty Internat Corp
45
15%
78% :
Refining—„
28%
93%
20%
5
20%
*43%
93%
,
5
—
28%
29%
45
*15%
v
'
22 3/8
21
22%
Products
tPreferred
2,200
3,500
1043/4
Del
•
10,800
Dec
4%
25%
56%
28%
2% May
17
Apv
50% Apr
34%
44%
21% Apr
4
6
13
*49
Jan
4y8 Jan
25
,
103%
1
34
56%
Apr
77
8%
13%
44%
Dec
'2%
243/4
56%
Oct
5
Apr
34%,
44%
Jan
16%
Apr
Sep
243/a
%/:
2%
NOV
,
96%
May
11% July
5%
33%
57
82
7
Nov
39
30%
*123/4
56%
Jan
8
13 y4
58
8% Jan
9
4% Jan
22
16
24%
49
■,
Jan
343/4
44%
3% July
11
Apr
13
49
OCt
15
24%
57%
3
49
343/0
44
1% Jan
2
13%
of
Jan
7
24%
Oil
9
Jan
34%
13%
Jan
% Nov
Jun
Apr
40% Jan
33%
*24
94
$2.50
6%
6%
16% Nov
Apr
%
May 7
Jun 18
6%
;
7% Jan
'
Apr
7
11% Jun
2
110
Jun 15
7
26% Jan
5
Sep
27% Mar 30
18;
12 1
Jan
Jan
,
11%
17
4% Jan
89
4
97% Feb
78
5
18
7
7
Continental Bak Co
<
4yeJun
1
Feb
89
.
21 % Mar 29
14
23% Jun
_
74% Aug 1
83
Apr
3% May 12
7% Jan 11
2% Feb 10
■
Jun
12% Dec
9% Aug
Jun, 16
4% Jan
100
2,100
Dec
23 y8 Jun
25
2,500
;
48 '
Jan
; ; 18%
15% Jan
■
100
preferred———
3%
Apr
2
No par
Container Corp of America——25
e%
Jan
Jun
12%
•
91% Jan
par
l
pfd
23%
1%
5
Jun
Jun
....5
preferred
conv
17% Apt
1
Dec
12
11
tConsumers Pow $4.50 pfd.
760
300
36
■
5%
•
1,700
14,700
-
.
109
35
35%
-
,
' 10%
10
463/4
6%
:
600
Feb
25
106
————
Cuba
Jan
6
Consolidation Coal Co—
of
44%
Jan
—
36%
•
22%
111
Preferred
21% July
25
1
Consol RR
63% Jun 17-
90
No par
5
4,700
Jan
108% Jun
Industries
1,800"
II
10y4 Jan
No par
14 y4
Oct
& Jun
5
Consolidated Vultee Aircraft
900
•
Film
10%
Jan
No
Dec
34
109%
89
—.
• 0 105% Nov
7% May
7
-
Oct
Dec
4
13
17% Jan
Oct
35
29%
■/
100% Mar
—100
$2 partlc preferred—
Consol Laundries Corp
preferred
11%
98%
'
Consol
12,300
23%
'
14
98%
•
10%
.
11
'14
6%
47%
6%
.
23%
11%
11%
14
4
$5
2,300
3,100
5 17%
23%
23 %
11%
14
3%
17
34
13%
;
.
14%
473/4
24%
4%
17%
17
*22y4
9%
110
17%
4,200
3,000'
17
3%
3%
•
19,900
.
Deo
11%
Jan
l % May 10
2
2% Jan
1
15J/4 May
2
21 % jan
i
5%
Mar 25
100
Consol Coppermlnes Corp
Consoi Edison of N Y
10,400
•
,
3%
*3
98%
22%
9%
.
16%
5
*16%
36%
98%
22%
10 '
16%
3
17
*11
36 y4
22 y4
98
4
98
99
14
36
:
20%
16%
14
i
.
20%
98%
*23%
13%
38
4%
20%
98%
*3%
.
"
.V 98%
n37
4%
19%
98y8
17
■
3%
4
180
20
■
3
/
16%
.16%
4%
5
105
98%
3%
16%
3%
4
16
24
'4%
105
105%
19%
'
16%
4%
*4
105
106
98 y4
-
19%
98
16
16%
16% •-17%
v.
,
3%
16%
5
19%
98
20%
98
105%
105%
4%
5'A
5%.
20
..,20%
97%
97%
f
105 y4
105%
105 V*
105
preferred—
6Vsf* prior preferred
7%
'
105
Edison Co—*..—25
Jun
44 y2 Jun
5
36%2Jan
~
No par
23"%
1,300
2,200
,Conde Nast Pub Inc
24
109
Jan
84%
Jan
107y4 Jan
9% Jan
No par
10
Jan
45%
Jan
25 V2 Jan
No par
Consolidated Cigar
54
>
\
Mar
10
23%
•
■,
par
23%
.
51
18% Jun
x9%
'
8
May 29
share
2% No?
Sep
30% Sep
29
Sep
7
Jun
1
7
24%
10%; 11
♦24
Jun
64
Highest
$ per
per share
Jan
;——100
t$4.25 conv pf ser '35.
72
i
2
93 ii
2
13
par
$2.75 conv preferred,——No
Credit
—•
5% Jun
2
Jan
79 % Jan
.
Commercial Solvents-.
—No par
11,700
Commonwealth & Southern—No par
85,800,
20,500
> ;■ $6 preferred series—No pat
•
61%
Pictures—
4%% conv preferred
Oomm'l Invest Trust
■
13%
13%
Co..—No
Commercial
400
41% ;
*110%
13%
v/ ;
5,400
>
106
41
111
Columbia
4,000
38%,
Carbon
$ per share
2
40'% Jan
i.100
preferred
Columbian
Lowest
Highest
1% Jan
—,-100
5%
800
40%
,106
41%
*110%
13%
40
Lowest
$ per share
Columbia Gas St Eleo——No par
6% preferred series A
>150
93
Year 1942
Range Since January 1
Par
800
18%
*37 -M
106
41
111
13%
ii.
58%
58%
24
13%
%
%
.
41%
►110%
,
Range for Previous
STOCK
:/0;EXCH^
36,500
64
64
NEW YORK
.
Shares
4%
18
38%
40
41
.
:
in
13%
"
V-;
41%
40%
41%
40%
:
111
18%
for
70 y4
*91
107
►105%
4%
*68
•i"
40
107
*110%
17%
38%
*37
39
*105%
:
17%
■
38%
*37
38%
*37
39
17%
RECORD
PRICES
SALE
HIGH
Monday, June 21, 1943
11
;
Jun
5% May
25% Jan
12% Jun
D
7
♦6%
7%
*17%
20 y8
6%
*17%
20 y8
*17
17%
15%
17 y4
115%
*114%
115%
*114%
.
17%
*17%
xl67/e
;
17 y8
39%
*33%
38%
34
34
*18%
115%
9
16%
115
*113%
115
'7%
18%
100
16%
163/4
3,400
♦113%
115%
10
115%
16%
16%
*16 3/8
40%
38%
39%
333/8
34
34
34
18%
14%
9y8
8y4
163/4
V
*16%
383/a
*34
12,400
34%-
19%
*18%
19%
19
143/4
143/8
15%
15
15
83/4
83/4
8%
8%
8%
8%
2
2%
2V4
2
2
200
9,400
2%
.
2%
2%
19
19
56
*45
56
*45
56
263/4
27% /
-28%
30%
29%
30
*31
313/4
31
31
*30%
31%
38
38
*38%
38%
300
14%
*14%
15
900
19
19%
28%
293/a
263/4
28 3%
31%
31%
31
31%
313/4
313/4
*39%
40
39%
39%
♦38%
393/4
38%
38%
♦14%
15
14%
15
143/4
14%
14%
15
28%
28%
s
93
*92
*14%
«
27%
14%
14%
423/8
♦.14%
273/4
*28
28%
93
*91
93
14%
;
14%
19%
♦40
29%
19%
30%
:
800
6%
29%
3,100
Distil
92
100
5%
14
14
600
42%
42%
42%
42%
42%
42%
31%
30
30
*29%
30%
29%
30%
30%
30%
203/4
19%
20
19%
203/4
20%
21%
20%
20%
42%
67%
150
150
32%
8y4
68
,
66%
148
32%
147%
32
32
<
8
*12
*ii5y8
122%
153 3/i
38%
8
165%
*115%
152
8%
12%
*115%
152%
*181%
40%
*127%
129
129
129
*120
123
*120
123
38%
8%
184
'
40%
37%
38%
7%
7%
160
*181%
40%
163
37%
7%
160
184 '
40%
32
♦11%
122%
147%
8%
123
165%
67%
313/4
8l/4
129
*128
67
145
13%
153
66%
145
12%
8
8%
153%
153
31%
32%
122%
*116
146
.
13
13
*120
68
152%
.
128%
*120
37%
67
42%
31%
8%
7%
66%
147%
*146%
550
.
303/4
8
8
12%
13>
122%.
*115%
122%
153
153
154
'■>. .*11%-
*115%
1523/4
10
partlc
pfd
Dixie
67
No
No
Class A
No par
No par
—
No par
2,600
Dresser Mfg Co..—_—-
No par
Dunhlll
,
400
122%
153
2,500
129
128%
128%
123
121
121
20
Duquesne Light 5%
1st pfd.—100
38
38
38%
500
1
Mills
5
(N J)
*181%
184
183
183
181%
181%
90
41%
41%
1,200
8% cum preferred——
Eaton Manufacturing Co—.
184
41
7%
41
10%
10%
10%
4%
3%
4%
4
5
5%
5
5%
5%
41
10%
4%
41%
41%
37%
7%
17
17
17
16%
16%
1,100
37%
37%
37%
37%
Electric
Auto-Lite
11%
11%
11%
11%
11%
3,000
6,700
Electric
4
5%
4
*3%
5%
5%
"
4
2,300
5%
11,600
64
62
64
61%
62%
62
63
57%
57%
56
57%
54
56
56
56%
*54%
39%
39%
40
40
40
40
39%
39%
39%
39%
30
30
29%
29%
*30
30%
*29%
30%
*30
30%
200
*54%
55%
55
55
*54%
55
*54%
55
200
*115
116
116
20
*11
77
116
77
77
77
6%
6%
77%
61%
*115
6%
77%
79%
n
79%
78%
79
78%
79
84
87
83
83
84%
84%
%
%
For footnotes see page
.
w
2323.
%
%
100
...
62
61
61%
55%
54
55
116
6%
77
39%
116
6%
77
6%
76
3,600
2,900
r
40
1,900
6%
10,600
77
180
*78%
79
78%
78 3/4
*83
85%
83
83
tt
11
*%
230
:>
IS
210
2,100
Elec
$7 preferred
May 28
153
1
35% Jun
7
9% Jun
8
13% Apr
116% Mar 9
8
5
Jan
Feb
4
16
134
Jan
5
158
Jun
125% Jan
8
129
Apr 26
121
Jun
117% Jan 13
31% Jan
1
5
40% May 6
8% May 28
13
-
9%
8
.
Feb
120
144
Jan
127
Nov
118%
Dec
Apr
111% Mar
34
163/4 Apr
2% Jan
May 19
108
184
Jun
8
170
Mar
41% Apr
5
26
May
18
11% Feb
8
4
20%
Jan
2
14
Mar 30
9%
Dec
53/8 May 10
63/4 May 20
A
31% Jan
—
preferred.
Endicott Johnson Corp.—.—50
100
6% preferred...
———
20
28 y2 Jan
20
Feb
1%
Nov
% Jan
1%
Nov
Jan
403/4 Jun
2
29
Jan
34%
Nov
31
Jun
8
55 3/4 Jun
3
19% Apr
39% Apr
107% Feb
109%" Jan 11
116% Apr 20
4
40.
46
5
8
Jan
323/4
5
% Jan
;Dec
13% ' Jan
35%
7
62% Jan
Jan
30'A
Apr
2
.No par
Dec
15
'
15
May 27
23% Jan
Jan
7
7% May 10
78
Apr 21
573/4 Jan
4
82
54
Nov
36%
17% Apr
65
49 Vs Jan
23/4 jan
Deo
180
59% May 27
333/4 Jan
Engineers Public Service——1
.No par
t$5 preferred—
No par
t$5% preferred—..
„No par
t $ 6 preferred
Nov
151%
Oct
30 y8 Jan
18% May 10
383/4 Jun
7
11
^5
Dec
4%
Apr
•
Oct
July
120
170
5
Dec
Nov
102% May
2
4
7
10%
Jan
112
Oct
Dec
16%
2% Apr
8
20
1% Jan
Dec
70%
134%
13% Mar
3% Jan
1% Jan
Dec
16%
.
Apr
19
wrmwnw
Nov
9%
Apr
Jan
-No par
Dec
87
May
95
Feb
22%
7% July
32% May
16% Apr
51.
Jan
39% Aug
Jan
..2
...
—.
■
Equitable Office Bldg
,
5
70
Jan
.No par
Elec Storage Battery—. -No par
El Paso Natural Gas
.——3
$6
Apr
5
Apr
1
Jun
2
Jun
1
May 20
Apr
8
73% May 4
31
90%
14%
42%
33
23%
8
35
Am shares.
Light
6% Aug
16% Mar
116
10% Jan
& Mus Ind
Electric Power &
May 10
Oct
•
27% Jan
18
178
Boat—
4
5%
.
(The)
Apr
33% Apr
9
-
Jan
37
21
146% Jan
Edison Bros Stores Inc..
37%
63
-
No par
Rolling
5%
78
$4.50 preferred
Eastman Kodak
4%
80
No par
100
20
—
Eastern
11%
87
Duplan Corp..
8% preferred—
Du P do Nem (E I) & Co
16
Jan
5% Jan
18%
Oct
Jan
Jan
2
Feb' 18
Feb 20
Jan 20
Jan
Sep
14
130% Jan 12
1
Eastern Airlines Inc
5%
87
...
2,100
#%
*76%
International
*120
38%
'
Jan
1%
14% Apr
13
Douglas Aircraft—No par
Oct
4%
37
17
Nov
11%
7
30% Jun 16
33% Mar 8
40% May 13
21% Jan
83 % Jan
No par
Casting Co
13%
Jan
2% May
it Jan
7
6
par
10
38%
22%
15%
56
Dec
Dec
17
6
par
10%
30% Nov
30
20
100
26
37
Jan
27%
Apr
Apr
25% May
9% Apr
19% Feb
8% Jan
.
1
4%
18%
110
48% Apr
2
No
3% Mar
5
Jan
Jan
2,300
,
17% Jan
,
par
Doehler Die
Dow Chemical Co
Mar
15%
1
16% Jan 12
40
preferred—..——25
Dome Mines Ltd.
900
8
12%
% Jan
100
2,400
11%
*79%
10% May 10
2,300
40%
6%
20% May 19
17% May 5
2
*128%
17
6%
2
2
129
X37%
5%
Jan
3% Jan
No par
—
Mar 31
8% Jan
20
Corp-Seagr's Ltd
pref with warrants
Cup Co
v
50
7%
16%
6%
12
40% Jun 16
100
164%
37%
6%
34
164
*181%
*115
5
7%
16%
115
12
Jan
164%
37%
115
11
Jan
29
7%
16%'
116
Jan
26
164%
37%
11%
♦114
10
par
20
165
16%
55%
Mar
7%
37%
*54%
102
123
38
17%
30%
8
18% Apr 29
164%
37%
55%
Jun
7%
37%
*29%
116
163%
*16%
*54%
108% Jan 20
-100
1,100
3P/4
32
Nov
7,400
1473/4
*12.
12%
2,200
67 y4
147%
Oct
Aug
Hudson.——..
"
67%
17%
8
Diamond T Motor Car Co
29%
42%
Jan
5
No
Devoe & Raynolds A
Diamond Match
92
'
*31
-
1,710
29
,
3
Jun
1
& Co
IDenv & R G West 6%
14
14
Mar
19
Detroit Hillsdale & S W RR Co..100
56
Dec
4
19
2
Deisel-Wemmer-Gilbert
92%
28%
*91
14%
56
19%
31%
21
27%
*92
14%
.
42%
42%
31s/8
21
28
93
*92
19 %
*40
•
2% Apr
9
Jan
Preferred
&
May 24
7
Jan
12
Decca Records Inc
Delaware
5
17
1
Corp (The)
Dayton Pow & Lt 4%% pfd
Deere
3% Jan
—25
preferred
Chemical
Detroit Edison
"19
*45
19%
5%
10,400
19%
56
19
*45
*2
Conv
Delaware Lack & Western—
2%
19%
2%
Datega Stores Corp—..—8
Davison
14,700
1,600
'
'
*2%
700
■
19
14%
,
8%
800
16%.
383A
*18%
18%
14%
300
7
18%
17
39
34
7
20%
39%
19%
-
*17%
16%
143/4
8
;
73/8
16%
16%
*333/8
14%
14%
9
*115
*18%
19%
; 143/4
163/fe
20%
16%
;
20%.
16
*7
*63/4
*17%
7%.
*17%
.
38
40
34
39%
*6%
1
87
Apr 22
May 12
1% Mar
1
1% Apr
Apr
July
47% Apr
xY Deo
26%
Feb
49%
Deo
Oct
112
3%
Jan
Jan
66
73
Jan
Jan
83
%
Oct
'
$ per
$ per
share
$ per
share
June 17
June 18
June 16
June 15
June 14
Friday
share
'■/.a
Shares
13 ¥a
137/a
13¥4
13%
13%
123/4
13%
13%
13%
13 %
13%
13 %
13%
: y. 483/4
48 3/8
48%:/
48 3/4
49
*75 Va
78
78
8¥a
9
87/a
49%
*75
78
*743/4
78
*75%
yy
9%
•"
8%
■
8%
87/a
83/4
123/4
113/4
12%
HVa
12%
12%
123/4
26
26
253/4
26%
25%
26
253/a
26
2%
2%
2¥a
2%
?: 2 %
48%
78
*75%
9
8%
■'
y *12%
123/4
•'
49
48 ¥4
*75%:
y
•
.
*83/4
' "
Eureka
No par
No par
4,300
12%
Co
Products
Evans
25%
25%
5,400
2%
2%
2%
1,300
Exchange
39%
68 '/a
100
50
5
,—5
3
Corp
33/4
53/4
24
Highest
$ per share
$ per share
10 Va
4%
Jun
3%
Jan
10
Oct
32%
May 4
May 19
Mar 26
Jun 8
Jun 5
Jun
44
Jan
70
Dec
70
Dec
4%
Apr
20
Oct
4%
rS
Sep
7%
1 Va Jan
y
Mar 30
Dec
May
3
23/4 Jun
¥4 Jan 19
$2.50
Buffet Corp
16%
523/4
77
9¥a
143/8
29 %
Jan
9
Jan 12
Jan 18
Jan
2
Jan
4
Jan 13
8
1942
Lowest
$ per share— $ per share
8% Jan 9
163/4 May 4
Par
,i
Cleaner
Vacuum
Ex-Cell-O
2%
«
Erie Ac Pitts RR Co
2,800
9
25%
25
'
2%
2%
2%
>
pref series A
5%
1,900
78
_
12
12%
\
39
'
'
Year
Range Since January 1
Lowest
Highest
/
-
IBrle RR common
Ctfs of benef lnt
24,200
12%
49%
.
13%
13%
13%
*483/4
13%
4,300
13 S/a
13%
13
14
133/4
13 ¥a
STOCK
EXCHANGE
the Week
share
$ per
$ per share
$ per share
Range for Previous
STOCKS
NEW YORK
for
Sales
Thursday
Tuesday
Monday
Saturday
June 12
HIGH SALE PRICES
Wednesday
AND
LOW
2317
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4187
157
Volume
28%
Oct
Jan
1%
Nov
Jan
11
F
*39
26%
26%
37%
37%
2,200
26%
26
26¥a
2,300
Fajardo Sug Co of Pr Rico
Federal
'
23%
c91%
49
49%
;
*109%
39
20%
13
109%
*35
75/a
*43 Va
13 V*
*12% •~13% "
46
46
*45
16%
17
17
173/4
►128%
135
*60
64
46%
•
►128 V4
*19%
20
113/4
11%
*60
64
*60
64
36
36
36%
30
29%
30
30
107%
107%
107%
107
11
,6%
;
F'k'n Simon
x;
1,400
Freeport Sulphur Co
30
y
3,300
Fruehauf
107%
107
5%
430
i
Trailer
293/4, Jan
Jun
2
Jun
8% Jan
May
5
693/4
5
19 ¥a
17%
2
101
7
93
Jan
Dec
24%
Jan
8
Apr
.13%
Dec
3
Jun
4%
Sep
293/4 Apr
Feb
18
16% Mar 18
4
6% Anr
6
2
24 ¥a Jun
16
11%
Apr
8
92% Jun
17
74%
Nov
19% Jun
193/a
3¥a
30¥a
93/4
39 %
10%
:
J.4%
Apr
43%
Dec
133/a
Jan
267/a
Dec
Jun
9
87 Va
Apr
Apr
293/4
39% Jun
16
22% Jun
2
9%
5
86
36
Jun
10
28
Jun
11
105
Nov
39% Feb
Apr
16¥a
Dec
May
96 Va
Jan
15
Mar
27 Va
Dec
18
Apr
213/4
Feb
8¥a Mar 26
3
May
5%
Jan
Jun
7
28
13% Jun
10
24
46
51.
V4
Jan
*
...
Aug
36¥a Mar
Sep
11 Va
8 3/4
Feb
3
51
May
5
7
19% May
4
9% Apr
;
11
140
Jun
114
12
Dec
12%
Jan
Nov
136
May
143/4
Jan
42
27 ¥a Mar
Jan
18 Va
Sep
5
21
May
Jan
8
12%
Jun
11
5
Jun
16
58
May 25
38
Oct
45
37¥a Jan
30
27
Apr
Nov
10 Va
Feb
50
Dec
77/a
29¥a
105% Apr
Jan
Mar
Jan
2
110
8
Jan
87
; May
4
38¥a Jun 17
50
Jan
Jan
Feb
118% Jan
383%
Jan
1
;
Feb
May
Jan
__10
34¥a
Apr 28
1
100
17
96 Va
Jan
2
31% Jun
10
15%
Apr
18
Jan
Jan
12
107% Jun
15
85%
Apr
97
Nov
43/a Jun
10
1%
Jan
4% May 17
lVa
Jun
8
Sep
Co
preferred
conv
37%
Jun
6
13
127
163/4
55/a
No par
25
-
—No par
& Co Inc 7% pfd
100
367/a
29%
•
Francisco Sugar Co
*36%
X
107
107
107 3/k
preferred
prior preferred
$7 conv
270
6,ioO
64
303/a
30
Foster-Wheeler
2,000
11%
;
-
Machinery. Corp
*60
•
36 3/4 ¥36%
:
36%
29 ¥a
Food
20
"
64
.
Food Fair Stores Inc
500
134
12
^110
100
1
10
10
preferred
conv
500
>
1
•19¥a
t5%
30
-
No par
Steel Corp
Follansbee
1,400
167/a
16%
134
20
11%
Florsheim Shoe class A-.-
'
46
*128%
135
-•
13%
*12%' '
-*44
•'
16%
16¥a
*193/8
■
11%
10 ¥4
11%
10%
-'
*128%
20 ¥
36%
107%
-443/4
*44
13%
*19¥a
200
443/4
'
y.
7%
.
7%
•
46%
107 y*
; 30%
30%
♦107
443/4
ti 36
29%
36%
*7Va
'•
263/4
*45%
20
*60
64
36%
*25%
Co
Stove
Florence
Apr
19
12% Jan 27
/ 42
Jan
8
-:25% Jan
1043/4 Jan
31% Jan
153/8 Jan
97% Jan
25% Jan
No par
No par
preferred-
t$4.50
300
277/a
May 27
Jan
78% Jan
No par
No par
W
Mar 26
28
33/a ,yan
;___100
(The)
Co
Flintkote
210
V
101
4
-
series A
:
National Stores
First
800
Ins N Y
preferred
6%
3,100
35%
*12%
17
16%
•
7%
*43%
!/
.101
*43
:
f
20 3/4
*34%
7%
*12%
Firestone Tire & Rubber
300
38%
*25% '263/4
26 ¥a
;
*
44%
9,200
110V4
35%
*34%
35%
26 Va
7%
7%
4
20 ¥a
13%
•19%
/
:
26 Va
*25%
Xl31¥a 131%
12%
*34 ¥4
Fidel Phen Fire
42
6
X 15
1
$2.50
10
Corp
1,300
*38%
101%
*100
preferred
conv
Enamel
:
'
38%
19% ¥ 20% r
101%
101
35
*
t4%%
Ferro
4
Jan
.
No par
100
Federated Dept Stores
340
383/s
*109
110
♦38%
20 ¥a
20%
'
110
y39%
39
U 38
Federal Mln & Smelt Co
1,600
yyy
-49 Va •' 49 %
49
-
37 ¥4-38 ¥a
110
►109
~
47
12'/a
X47
17%
38
49
.
•
44
44
20
*60
35
7%
7%
17%
37%
*17%
48%
'
102
'
140
17%
19 ¥a
101
28
*26
139%
18
'
39
19 ¥4
102%
35%
V
12
39
20%
*101%
*19 3%
92%
18
h
109%
■47%
17%
;
92%
18
•
48 ¥a
3 8 ¥4
:
'
*46%
92%
92
109¥a
13
44%
/.
3,900
92
92
37%
v!
24%
24%
92
36%'
45
24 ¥a
243/a
92
17%
7 3A
;; *7%
1,900
5%
'
49
'/ .28
*26
.
5¥a
x5¥a
92
17%
35%
*35
*5 %
5%
23%
19 ¥4
103
300
24 ¥a
48%
21 >/e
.
*101%
16%
5¥a
24
17%
49
36 ¥a
,
*15%
16%
23 ¥4
.38 ¥4
f
109%
39
*15% X 16 Va
26%
26 Va
Light Ac Traction
preferred
$6
20
♦15%
16% '
5Va- '
*109%
.
'•
37;37
26%
¥ 500
15
102
*101
t
26 Va
23%
17%
' 49. ,
,.'36¥4
.
'
1,100
■26 ¥4
f .:
102
*101
5%
91%
17%
17%
V
♦26%
*14%
15%
*14%
15%
101%
*15%
"23
23%
91%
:
15 ¥a
*100 ¥4
5¥a
5%
5%5%.
•v
15%
¥ 16%
16
16%
*15%
•
No par
37% '
26 ¥4
100%
26 ¥4
*26
26 ¥4
*26%
Federal Motor Truck
37%
26%
15%
101
*100%
101
Federal-Mogul Corp
37%
26%
100%
16%
16%
.
25%
26 ¥4
26%
;
26%
26%
*100
Feb
Jap
Jan
Jan
33%
20 UX 21 %
15
6%
No par
86
2
203/a
5,
13 ~
No par
St Co
37
*
37%
25%
:37%
39
39
:
40
'
Morse
Fairbanks
•
G
•
33/4
3¥a
3¥a
3¥a
3%
3 ¥»
yy-
3 ¥4
3%
3%
3¥a
4
3%
13%
13%
13%
13%
♦13
13 ¥,
*24%
25%
24
24%
24
24 Va
fX
6
6
9%
*9%
'a-*13%
'**
13 ¥»
13 ¥4
51
9%
9 ¥4
9%
%?
48
;
,
8%
8%
7Va V 7%
'/
30%
'>■
'
1%:'100
'
1%
100
131
*130
54%
26
26
5%
26%
*,
5%
535/a
26
5%
,
5%
53/4
90%
90V4
28 Va
373/4
.
'i38
963/4
2
•'■'■'
*
/>.
600
131%
131
131
131
180
96 34
130
9634
54%
537/e
54%
53¥a
130¥a
130%
130%
130%
130%
800
27%
27%
27%
27%
1,500
5%
5%
5%
27
2 6 ¥,
26.
5%
5%
5%
554 '
23
8
7¥a
109%
*108%
21%
*108%
109%
*108%
13A
1%
l¥a
23%
223/4
237/a
109%
22%
108
12
98
51
Jun
2
35
9% Jun
3
1%
22 3/4
23%
23%
3,900
*106%
108%
108%
108%
60
1%
1%
1%
l¥a
1%
1%
13,400
600
l¥a
*46 Va
49
20%
21
14%
14%
47 Va
47%
21%
207/a
21%
14%
14%
14%
22
112
*110
23
22
22%
773/4
*21
11
77/a
81
20 ¥4
20
47%
*46
*46
1%
1%
27/a
*92%
98
22 ¥4
22%
22%
23
8%
■
11%
11 %'
81
80
20%
20%
20 54
80%
20%
20%
47%
y
2% /
47%
*47
.
<
1%
2%
18¥« May 20
98% May 19
39%
40 Va
395/8
97¥a
97%
97%
38¥a
37%
37%
38%
3734
90
90
40%
■y 98 y
37%
y
*73/4
*88%
90
101
102
102
■
2% Apr
1% Jan
4
94
Apr 9
83% Jan 14
110
2
2
5 ¥4
5%
53/4
-
14%
*14
*13
.
12
:
12%
♦34%
35
*34%
JXi
25
*24¥a
25
12
16%
16 ¥a
31
30%
27%
♦26%
34% /:•;
16%
29%
30¥4
x26Va
/
26 ¥4
17 Va Jan
2% Jan
30%
30%
30
30%
26%
26%
26
-26%
62
44%
62
•
*58
Co
(W T)
.
9,800
Great Western Sugar
Green Bay &
453/8
18 74
19
14.800
.3,100
preferred
Green
3,900
•
(H
L)
West RR
Co Inc
19%
12%
12¥a
Xl2%
12%
123/8
12%
143/4
15
15
*147/a
15%
147/a
147/a
1,200
Grumman Aircraft
4 ¥a
4 5/8
9,600
Guantanamo
12%
14 ¥4
15
14¥4
4%
4%
4
160%
157
7%
152
8%
8
-
37%
36
¥a
36
4%
154
8%
37%
4%
152
8%
38
47/a
155
8%
39
4¥4
4%.
*152%
154%
*151%
154%
290
8%
8%
8%
85/a
13,700
38
37
39
38%
4,000
8 %
Corp—
Sugar
26 ¥4
*34%
*34%
177/8
17%
26%
*25
36
*25
15%
♦15
♦106
107%
♦106
26 ¥4
*25
25¥4
*34
36
26
*34
26
'••
•
36
*25
26%
*34
36
*34
36
17%
*17%
17 Va
17%
17 Va
17%
17%
17%
17%
900
15%
1
15Va
15%
107%
*143/4
15%
*143/4
15%
*14%
15 Va
,200
107 Va
10
107%
►106
*106
107%
106%
106%
*106
•
Hackenaack
Water
preferred class A
Hall Printing Co
Hamilton Watch Co
1% preferred7*
36
17%
*15
*25
No par
No par
preferred—
H
100
100
preferred
Gulf Mobile & Ohio RR
$5
100
1
No par
10
—1
No par
4% Jnn
8
Jan
73/s Jan
29% Feb
138
Jan
593/4 Mar
..
Oct
87
122
Feb
Dec
Apr
128
July
133/a Aug
30
Jan
57/a May 12
1% May
1
10 ®/4 Mar
8% Jun
8
3¥a
Sep
Feb
10
99 Va
Aug
10
A
10%
3%
2 Va May
25% May 20
May 12
1% Jun
53%
18
233/8 Mar
4
143/4 Jun
14
May 11
24% Jun
10
233/a May 29
Jan
109% May
%
Jan
Apr
14¥a
Nov
Apr
107%
% Mar
¥a
Oct
Mar
31¥a
Nov
Apr
19%
Jan
101
4
49% Jun
Jan
<'.14% NOV
Jan
109
23
14%
8% May
55 Va
Jun
13% Mar
11
May
Jun
10
Feb
79%
Jan
20
Jan
IB3/*
Dec
110
Feb
Mar
13
101¥a
Sep
23% Jun
14
7%
Jan
15 ¥a
Dec
3
Jan
5%
Nov
110
%
9% May 10
74
May 20
x407/a Mar
61
Nov
ll3/4 May 27
4
Apr
57/a
Jan
827/a May 10
50
May
65 Va
Jan
21% May 27
12 Va
Sep
16
Oct
17
373/4
Jan
44
Feb
473/4 Jun
l¥aMay
6
4
Va
6
3¥a May
93
Mar
Jun
l¥a July
A
24/a
Jan
Jan
Nov
73
82
Feb
Dec
4l¥a Jun
1
13
Jan
27
Jun
14
56
Jan
83%
Dec
99
39% Jun
1
10%
Jan
27
Dec
Jun
15
60 Va
Jan
90 %
Dec
P3/8 Apr
29
l3/4
Jan
4¥a
Nov
Jun
11
Jan
813/4
Dec
'
102
90
x58
A Sep
2¥a May 10
2
8
5
9
3
6% Apr
7
10
133/a May 29
14 Va Jun
35% Jun
17
22
1
327/a May 10
25 % Apr
18
Apr
273/a Jun
2
2
11
1% Nov
5%
Sep
6
Mar
8 3/4
Dec
6
Apr
9%
Nov
22% May
32
Nov
July
25
Feb
23
13%
Dec
18 3/4
Oct
193/4
Jun
25¥s
Feb
22%
Apr
28 %
143
8
130
Apr
50
July
63%
453/4 May 22
25
65
,
21
Jan
May 27
127/a Jun
7
17% May
4
Jan
4
27
153% May
3
Jan 4
Jan 4
Jan 2
Jan 2
Jan 19
Jan 12
25% Jan 2
Jan
Jan
Jan
102
6
2
14 %
/ 11
10%
2%
81 %
3%
Apr
44 ¥a
24% Jun
31% Jan 19
Mar
61
64 Vo
1 ¥4
Apr
2
1% Jan 8
76
Jan 2
24% Jan 12
83
Jan 14
25 Va Jan 8
907/8 Jan 9
4%jan 11
80
Jan 11
..
18
Oct
116 Va July
Jan
82
A Jan
¥a May
30
2
2
23¥a Jan
No par
100
Greyhound Corp (The) .
5%% conv preferred
19 ¥a
12%
Nov
273/4 May 10
24% Jan 27
15
Jan 6
21% Jan 7
No par
Preferred
62
45
19%
Nov
5
110
Jan
/
No par:
Iron Ore Prop
3,800
50
,
.
20
preferred
Great Northern
45
443/4
5 %
Gr Nor
12 Va
15%
38%
,*58
'
Grant
■
197/a
12%
*37%
45
150
'
Feb
21 Va
132
131% May
143/4 Jan 14
4¥4 Jan 2
60 ¥4 Jan 4
5
Jan 2
/; 59
Jan 4
143/4 Jan 2
41
Jan 5
No par
10
1,600
19%
•12 ¥8
8%
62
4434
*149
•
Apr
May 10
7
.16% Jan a 4
15 % Jan 4
108
Jan 4
No par
City Steel
20%
*15%
8%
*58
44%
149
149
150
y; y
120
Dec
90 %
55% Jun
2
5
Jan 2
Jan 2
Mar 9
Jan 4
Jan 28
Jan •; 5
9% Jan
60
Jan
1
5
Motors
xl9
12 ¥a
160%
*149
62
♦55
19%
149
Granite
700
16¥4
!
Granby Consol M S & P
Grand Union w div ctfs
1,200
a®*
12¥a
xl04
¥8
31 Va
15?a
No par
No par
No par
No par
No par
100
——
Graham-Paige
2,300
25
*1654
Co
Hosiery
Preferred
24,700
35
■£■
*24%
16Va
30¥a
149
158%
35
25
26%
44
5
25 Va
16 Va
297/a
*55
; 4%
35
*24%
165/a
;,v'
12 Va
26
20%
20
'//y/
25
12
29%
X149
44%
35
16%
1%
534
Jan
66% NOV
16¥a Apr
131%
13¥a Jan 25
1
100
preferred
conv
9¥8
122
134
4% Jan
103¥a Jan
1
(B F)
preferred—
Gotham
330
14%
12 '/a
12
12 xm
■
*13%
26 Va
62
'•
.
.
*24%
V
l¥a
y.
29%
44
*55
2,200
534
534
14%
$5
1,200
834
26
149
151
*150
534
*133/4
x347/a
25
16%
5%
14%
12/
113/4 ¥
*24 ¥4
165/a
16%
14%
11%
2
l7/a
-y/
5 Va
*133/4
'
34%
347/a
♦24 ¥4
•
2
1%
•/
5¥a
*13
14%
xl2
44
2
5 %
-
•
;
Goodyear Tire & Rubb
8,100
1
90
*87 Va
5%
1,200
.
101%
8 ¥a
8%
90
*87%
90
*87%
90
1%
2%
5%
38%
par
50
Goebel Brewing Co
Goodrich Co
par
por
par
No par
(Adolf)
Gobel
,
7,900
;
5
preferred
conv
Sep
6
Mar 15
96% Jun
129
Jan 12
44% Jan 7
126% Feb 2
par
Rubber Co
&
Gold & Stock Telegraph
'
'
2
98%
37
101%
101
77/a
8
://
40%
98%
'¥
38%
2,300
v): £,100
•
94
39%
"
98
101
¥ 101
*73/4
7%
2%
-
*92%
94
*92%
y
94
*92%
39
4%%
Oct
6 3/4
Apr
100
(The)
Co
33/a
111%
No
preferred——No
No
preferred
No
Glidden
Sep
8
*
Safety Razor
200
1%
1%
$6
4
May 17
4¥a
2
34
Jan 13
113% Jan 22
20
conv
3,700
48
*4734
$5
Dec
2¥a July
5
40%
No par
Gimbel Brothers
500
20 Va
2 74
94
Gillette
100
81
20%
2%
2%
.■•-
7.800
Tire
140
Apr
Corp
Telephone
General
13,600
11 ¥a
'
l3/a y 1%
977/a
8
yi. :y
3,500
Apr
x233/4
preferred—No par
preferred
6%
Nov
16
—No por
Gen Time Instru Corp
100
Feb
57/e
433/a Jun
Precision Equip
General
1,200
.v.
Jan
463/4
30'A
10
—...
Gen Steel Cast $6
500
74
■■,
11%
*78
4734
47%;
.
1%
2%
l¥a
!»92%
101
r
'
99
8.
/
80
11%'
'
11%
1,300
8%
834
*72
y!
74
*72
11%
3,100
23
8%
8%
8%
: 74
*72
*22 Va
.
112
22%
225/8
2234
*109%
112
,v ,*109%
112
r::
;/
21
*20
21
*20
213/4
39%
37%
¥ 8%
90
23
38 ¥a
101
100%
8
78%
79
98%
V
38¥a
100%
1434
78%
38 ¥n
39 ¥4
97 ¥4
21%
14 ¥4
79%
22%
2%
y
94
39%
21 Va
143/4
783/4
*110
1%
3
94
38%
*46
1%
3
3
*92%'
20Ta
47%
/
2134
143/4
81
*80
203/4
1%
21
14%
83/a
10%
82
20 ¥4
21%
*20
73%
113/4
81
49%
22%
223/,
73%
8%
74
79
49%
77
•
112
"*110
yy 22
23%
ll¥a
11%
49
14%
213/4
'
112
*73
74
49
21%
:-v
23%
8
8%
8%
♦73
*76%
*22%
21
21
*20 ¥4
♦110
78 Va
X22%
24
23%>'
50
*47 Va
'
23%
77
78%
78%
*23¥a
y
■f//
1%
*1%
1% '
l5/a
l5/a
l¥a
106
8% May 19
118 Va Mar
Nov
Jan
Apr
$6
2,000
23%
I3/,
50
109 7/s
*108%
109 7/a
O 00
Dec
7%
Sep
3¥«
143% May 24
53
104
21 Va
General Printing Ink
—-
Apr
Mar
Jun
14
Corp
•
1
preferred—NO par
Gen Public Service———10c
Gen Railway Signal
No par
6% preferred
100
»'
Gen Realty & Utilities
1
$6 pref opt div series
No par
:/»General Refractories
No par
General Shoe Corp
1
Gen
4,000
•'
■"
108%
108%
14%
734
109%
23%
■y 1%
21%
X7s/a
•108%
*106%
*106%
*48
734
1¥4
1¥4
1% /
22%
734
23
108%
♦106%
22%
7¥4
108
'.1%.
l3/4
23 ¥a
»
3,200
22
22 VA
7 ¥4
7%
8
22
21%
213/4
7¥a
223/4
21%
7¥a
Feb
51
33/a
9% Mar 30
'
*22%
Feb
38¥a Jun
—No por
'^Outdoor Adv A
Common
5,800
v;
Gen
10%
2
No
preferred
$5
.
Apr
2
Motors Corp
General
27,400
54
■
8'/a
-
303/4 Jan
preferred—.—
t$4.50
Oct
Nov
.
130% Jan
No par
No par
Gen Gas & Electric A
No par
t$6 conv preferred series A.No par
General Mills
No par
5% preferred—
100
.4
11,700
102
102
•
96 3/i
*
Foods Corp
General
140
Jan
33/4
93/a
106
32 Va May
21
Apr
100
General Electric Co
7,600
/.
/ 116
1%
1%
103
1C2
*96
131
43 Va
.,
•
143/4 Apr 26 '
53% Apr
2
145
Jan
No par
preferred
7%
100
29,400
.♦115
115'/a/
1%
140 Va
43
43 Va /
43
115%
/■/
V
100
No par
preferred
cum
General Cigar Inc
200
.*
v
37% i 38%
*138
*138 v. 140 Va
..
t7%
440
91%
28 Va
May
2% July
Sep
Jan
63/ii
1
4
9% Jun
2 ¥4
2¥a
11
16
18
9 ¥a Jun
,
No par
A
Class
1,000
16%
29%
l7/a
y
54.
130%
26 Va
y
General Cable Corp
130%
'//:
54%
130%
130%
130%
3,700
.
90 %
43 ¥a
131
/
Generai Bronze Corp
29%
100
*96
96%
5,900
7
*15%
16
No par
5
No par
preferred
$8
30
C
8%
\: 8%
*67/a
63/4
15%
115%
100
130 Va
55
535/8
55
130 ¥4
*130%
96%
129%
130
130
^
■
37%
1%
1%
■
140%
43%
100
*95
,r
90%
*115
115%
1%
yy y
963/8
•951
96
96
98
140
140
8¥a
5
.—3
Jun
63/8 Jun
9¥4 Jan 11
51
Jun 15.
6% Jan 4
102
Jan 29
37
Jan \ 4
53/4 Jan 4
134
Mar 1
43/8 Jan 12
2% Jan 2
7¥a Jan 4
713/4 Jan 5
20% Jan 5
50
No par
No par
preferred
conv
143/a May 26
30
7% Jan. 14
-10
5
—
preferred
$6
6,900
8 3/4
293/4;
37 ¥a
43
8% y
142
8%
153/4
*138
37%
42%
1?8
1%
98
>
7
*28%
*115
116%
115
116%
*115%
83/4
90%
29 ¥a
43
41%
' 42%
42
8%
;
Gen Amer Transportation
General Baking
2,000
v
par
1:
Gen Amer Investors
100
46%
463/4
preferred
t5% %
310
2,300
*103% .106
106
No
(The)
Co
Gaylord Container Corp
1,100
y
9%
1
20
Wood Industries Inc
5%
200
x
a
51%
93/8
9%
*138
13 5
13¥a
*50
47%
A
903/4
140 Va
•
47%
153/4
373/8
9%
'
6¥a
♦138
38%
*9%
133/4
85/a
90¥e
140
37%
38 %
9 s, a
,
9%
142
*28 V4
29%
140-
140%
38%"
92
♦28
53/4
Gar
*103%
8%
''
■/; 7,v
Gamewell
9,500
51 Va
8%
15 Va ; 15%
16
91%
92%
•28%
*138
6¥a
16
16 ¥4
92%
7Va
'/a
1,820
48
♦140
8%
8Va
,
X
106
8 ¥8
140
140
8%
6
■
6%
1,200
13%
30
2% Jan 11
1% Jan 2
9 Va Jan 6
19% Jan 11
3
Jan 12
No par
cl A
(Robert)
preferred
Inc
Galr Co
;
5%
133/4
9¥a
8,100
5%
29
51
•
V
13 Va
29
^
V'
334
3%
(The)
Gabriel Co
1,300
'
.*9%
133/4
51
*47%
8%
;¥/ 8
'
*16
8%
8%
':
10
.
55/a
5%
9¥a
473/4
142
*140
142
*140
,13%
253/4
*105
47%
8¥a
8%
//: 8%
133/4
26
133/4
106
*105
133/4
51
;•
48%
47 ¥4
48 ¥a
3-3/4
♦9l/4
9¥a
9%
106
*105
106
106
.
51
'
3¥8
53/4
■
133/4
51%
9¥a
51 ¥4 J
4 ®
33/4
253/a
9%
9%
9%
9%
13 ¥1
51%
13%
"*51
4
.*13
5 ¥4
5¥a
6%
5 ¥4
;
*3¥a ¥/4'¥y¥
4
4 :y
3¥a
'
Jan
Jan
Nov
Jan
Apr
33%
Apr
14¥a
Dec
Mar
11 Va
Aug
9% May
14%
Jan
3¥a
Jan
10%
10
l¥a May
Jun
11
1603/4 Jun
12
483/4
Jan
5
2 Va
Jun
4%
Oct
Jun
33%
Oct
5
10% May
41% May 12
18
86
Sep
.
25
—25
10
—No par
100
22'/4
35
12%
9%
104%
Feb 11
Jun 1
Jan 5
Jan 18
Mar 13
26% May 12
38
Anr
13
18
Jun
11
Feb
19'/4 May
25
Apr
35
Dec
8 3/4 Mar
13
Aug
29
153/4 jun
4
8
Jun
11%
Nov
106% Jun
17
95
Mar
106 ¥4
Feb
—
For
footnotes see page
2323.
\
2318
Monday, June 21, 1943
NEW YORK STOCK
LOW
Saturday
•
J
*106%
$
share
107'/a
*106%
17
17
16%
7%
*106%
;
*106%
$ per share
107%
*106%
$
107%
Sales
the Week
16%
17
17%
17
142%
*140
144%
*140
144%
50
6%
7
7
7'/a
800
105
*101
102
*101
9
7
*9
*6%
105
*101
17
105
6ft
;.v:
2%
2%
101%
101%
*67
2%
2%
101%
*158
XlOl-%
*67
69%
*158
160
160
*61%
30
16%
16 %
16%
16%
16%
84%
84
84
84%
*19
'
21
6%ft
133
15%
55
109
109
7%
*109
36%
36%
7,100
Homestake- Minings ——12.50
31
42%
*42%
42%
*42 %
42%
200
Houdaille-Hershey cl A_——Wo par
15%
15%
15%
15%
15%
56
56
56
7%
7%
36%
36.%
2:
*2
*7%
8%
■P-r: 7%
7%
*7%
26%
26%
25%
26%
25%
9%
9%
2%
2
2
2%
2%
9%
i
2%
109
7%
36%
10
:
2%
16
108 %
109
*55%
108%
*108%
2%
7%
700
2:
2%
72%
8%
10%
9%
10%
25%
25%
25%
25%
9%
9%
9%
2
2%
2
2
2
8%
*7%
26
*25%
9%
9%
2%
2
2%
..
2%
13%
14%
14%
28%
27%
28
27%
27%
27%
27%
*27%
44
44%
43
43
42%
43
42%
42%
11
11
10%
10%
10%
10%
10%
10%
16%
*10
16 Vs
16%
39%
40%
40
40
93%
94
94
94
94
172
*165
172
*165
14 Vs
13%
13%
7.716
m 39
39%
94
93
93%
172
*165
70
70
69
69%
68%
68 3.4
69%
70
•70
13%
12%
13
12%
13 Vs
12%
13%
123/4
12%
40%
*165
16 Va
16%
39%
39%
93
93
*165
172
16%
i
172
16%
J
.
*165
*7%
7%
7%
7%
7%
7%
*7%
7%
7%
*31%
32%
31%
32%
31%
31%
*31%
32%
*31%
111%
111%
*110%
112%
*110%
112%
112
112
7%
8%
*8
'
8%
.
70%
71% 7
2%
2 3/4
16%
16%
62%
6Va
5%
6 Va
33 %
33
32 Va
33 Vi
3
.
*134Va
*134'/a
134%
12%
12%
5%
32 Va
.
135
134%
11%
58%
V/.
*10
10%
'»
63
58%
35 3/a
443/4
14 Va
'
8
*38
35%
35
31
*134%
:'v/. 12
*144
14%
*44
44%
*44
44%.
117
*109
42
*44
116
*108
44%
*43%
116
14
14
13%
13%
15%
x
109
14 %
15
15 Va
109
*106%
15
*30%
*144
150
'
31%
>
84%
85
84%
*129%
132
v;
23%
'
153,8
15 Va
108 Va
*108 %
11%
16%
15%
84%
86
86
*130
132
60
60 %
*73
75
11
11
16
16%
16
128
*123
11
/11
.•y:
23%
60%
v
23%
60%
-
*73
11%
23%
23%
60%
74%
*10%
■
132
60%
*60
*73
74 Va
*73
~
/
11%
11%
16%
23%
23 %
16%
130
100
5%
6%
23%
1
8
Jan
151%
Jan
71% Jun
10
40
Apr
61
Dec
17
147
May
166
July
4% May 10
% July
38
6% May 11
36% Apr
v
s
136
% Jan
3% May
5
12%
Apr
Dec
1%
Apr
4%
24%
Apr
30%
126%
Jan
7%
5
Dec
•
Mar 15
Nov
Oct
Apr
12
2
13'/a Jun
2
60% May
3
60%
Jan
4
11% Jun
64'/a Jun
11
1%
Oct
3%
Nov
11
10
30%
Oct
46%
Jan
5
136
-
'
Dec
15%
43% Mar
Jan
40
Jan
7
44
Apr
5
39
Mar
48%
Feb
28
Jan
4
35% Jun
10
26
May
32
Feb
-36
Jan
7
48%-May 19
26
May
102% Jan
15
105% Mar 24
94
May
7
16% May 10
1%
7
7
16% May 10
16
Jun 11
50
100
.
>
;
...No
par
6% Jan
6% Jan
9% Jan
90% Jan
14
par
10% Jan
4
18
Jun
27% Jan
5
32% Apr
3
5
145% Jun
10
par
No par
135
1
9% Jan
I
V
100
Jan
26
Feb
96
12
19
Va Mar 30
108 % Jun
16
Jun
33% May
Oct
Jan
7%
Nov
Jan
7%
Nov
Nov
Jun
10%
Apr
95
Jan
7%
Apr
11
Dec
24%
Apr
32%
127
5%
5
Apr
138
Jan
73%
No par
19% Jan
7
26% Apr
6
100
54% Jan
7
65
Apr
5
17% May
533/4 Dec
100
64% Jan
8
82
Apr
6
61
8'% Jan
4
12% Mar 31
10
xl2% Jan
19
City P & L pf ser B— ..No par
City Southern
122% Feb
2
5% Jan
2
10% Apr
8
13
29% Apr
6
pref series A—
pref series B conv
__
1 /
Co
>
Jan
107%
27
Jones & Laughlin Steel
Nov
33%
May
50% May
122
Jan
'
1333/4 Mar 17
7 Va
Jan
Nov
10%
18% May
85
Jan
100
Oct
104%
*
6%
—
.
12
2
39%
88 %
17
105% May 19
89-% Jun
••;;•
2
2
1
Kalamazoo Stove
Dec
57
par
Co
900
Jan
170% Jun
•
9
126
Mfg
Jan
111 % Feb
-;
No par
preferred
Joy
Feb
5% May
109% Mar
6
100
600
Jan
10%
21
5ft
Feb
12%
Apr
Jan
V 5ft
Dec
74%
Oct
100% Aug
70
200
.
163%
•
.
45% Jan
100
—No
Jan
3% Jan
37% Jan
100
No par
Manvllle.
Johns
500
•
18%
,
Feb
Dec
8% Jan
15
Preferred
10,000
11%%
11%
»
20
•
•
60 Va
74%
4,500
.
Jan
9% Apr
168% Jun
9
-
Jewel Tea Co Inc
4V4ft
2
Jan
1
Jun
16%
35
Apr
Mar 29
No
Jarvls (W B)
85%
*130
6
5%
Mar 29
9
28% Jan
;
Stores
200
■=
33
115
5
preferred—
$6
'
21% Jan 28
106
Jan ,21
7
Jan
2
3% Jan
Island Creek Coal
800
.
1
Intertype Cori>_
1,800
85%
132
,
Apr
Telep & Teleg—.No
6,300
853/4
-
i': x8% Jun 18
Oct
100
8% May
Mar 25
Silver
29%
•15%
29 Va
27
par
4%
Apr
...No par
Salt
105%
15%
*105
*130
'
15%
29%
105%
54
8
66
—
Interstate Dept
Preferred
10
152
29%
85
132
-
15%
*146
*105%
60 Va
.
152
153
15% Apr
19
Foreign share ctfs
1,100
31
29 Va
23%
-
*146
*30%
:
105%
74% ,74%
75 Va
152
15%
30%
30%
9
Mar 31
74
5
preferred-.:-
Intern'l
r 1,300
17
17
29%
23%
24%:
*59%
.;
60%
31%
International
3,100
109%
17 ■.///
17
166% Feb
5
6
5
International Shoe
79,800
15%
108 Va
104%
105
131%
-
':i
29%
'
*104%
17
*146
15%
28%
29%
105
17
31%
150
.
14%
15%
15
29
:
17
8
Am.
preferred
7ft
14
158% Apr
% Jan
11% Jan
preferred
conv
International
100
13%
15%
109
*106%
17
*104%
24%
16 %
303/4
30%
*144
17
17%
17 '
100
T,500
44%
*13%
15
5ft
:'5ft
10%
Oct
Mar
42
Sep
Apr
May
July
55 Va Jan
;
"
74
5
Co
?
21
Nov
23%
Jan
7
Yy 62
.25
:
Paper
4
9%
.
May
2% Jan
40% Jun 11
100
—
Inter Rys of Cent
116
*108
13%
*106%
24%
11%
40%
35
13%
132
60 Va
450
14%
853/4
75%
6,000
35
/
tPreferred
Dec
5% Jan
13
32%
6
Jan
Chem
&
International
2,500
10 Va
63 +■'
Min
23%
100% Apr
162
Int Nickel of Canada
19,100
57%
13%
30
*129%
32%
2
100
preferred—u._
Internat'l Mining Corp
2,500
v
9%
14 Va
105
85
6Va
40%
34%
May
par
5% Aug
'
Apr
6
parii
4ft
Aug
'
Jan
Jan
No
Harvester
Internat
62%
41%
3434
44%
*108
117
*40%
-
34%-'
34%
17
11% Jan
32% Feb 19
144% Jan 20
56% Jan 20
Int Hydro-Elec Sys Class. A.;
40
*
May
par
tPreferred
12,400
62
13
par
400
57%
10 Va
61%
9
No
2,000
12
58
10%
61%
*38
v.
.
x57
I0V4
Jan
.l..No
2,000
136
13%
16
*29%
*104%
:
2%
11%
14%
150
Inc
Business'Machines
Internat'l
8,400
*134 Va
12%
13%
>
Ctfs
1%
% Jan
2
6
5
20
10 " Jan
1///// 6V2 Jan
16%
32
136
4
...No
Int
760
6 Va
13%
31
No
63%
16 y2
13%
17%
:
Oct
Feb
16%
May 10
Interlake Iron.——
600
71
*62
32%
16% May
48
88
Sep
4%
34%
Apr
31% May
par
106
Apr
Nov
7
——100
Co
2%
1%
7
Intercont'l Rubber—
5,400
:
170%
2%
,
6%
32
58%
.
*61%
42 ; v
35
3
6
12%
10
.
;•
:
70%
14%
109
Steel
96
5%
2
Intel-chemical- Corp.—.—..No par
6 ft. preferred—
—
100"
r; 1.400
8%
170 V2
"
17 3/8
preferred—
Insuranshares
170
V
166 Va
70%
16%
134%
58%
-
10
62
8%
166 %
170%
3
32%
.12
'
8%
13%
16
*15%
112%
8
t.M- 13%
14%
*106%
'41%
.#*109
14%
14%
58'
9%
.
62
44%
V
112%
63%
1341%
135
58
i
10%
62%
*38
117
950
*61%
32 Va
12
62
<X35%
35%
*44%
*109
59
9%
".4
W
43
*139%
1,000
xl6%
6
6
32 %
11%
12%
58
V
*62
8 Va
17 Va
'
-
'•6 ft
Dec
Jan
Jan
Inland
Inspiration Cons Copper—
44 Vs
'•
Apr
May
Jan
1000
A_
Oct
Nov
A
Jan
1,600
?•
31%
63%
*62
6
170
3 Va
MnrtP
16%
62
6'/a
series
Feb
11%
3%
18% Jan
8
Feb
38%
4
37
j
Oct
.
2% May 10
100
.
sT. 6,000
10% Jun
U Jan
100
Indianapolis P & L Co——No
31%
166
x70%
170
1693/4
62%
63
Co
Industrial Rayon
No par
Ingersoll-Rand
..........No parr
112
166
71%
70%
'
,
170
15%
17%
*613/4
RR
Jan
115
29% May
29% Mar 30
4% Jan
Dec.
18%
Dec
30%
17
;
7%
Dec
39%
18
1,100
x7%
8%
165%'
2% Jun
par
Nov
8% Jan
10
Jun
10% Jun
% Jan
4% Jan
Dec
Nov
Jan
2
22 % Jan
4ft
12%
5
1,900
12%
110-
41% Apr
2,700
172
Mar 10
4
16
V."'
14
30% Jan
94
69%
8%
Central
ctfs
56% Jun
100
preferred series A
See
4
8% Jun
40%
12%
7%
8
8%
8%
*164%
62%
*1634
RR
32
112
8
8%
165
70%
70
169%
3%
2%
Pr
164%
170
169%
3%
*3Va
167
70
71%
169%
8%
8%
8%
*164
169%
8
8
380
6ft
16% Jun
Jan
15
17
'
2
100
Leased lines
27
3% Jan
Illinois
530
21%
1
9% Jan
__1
1,000
8
par
tHupp Motor Car Corp_
8,400
41% Apr
42% Jun
Jan
Jan,
Jan
36% Jan
—-No par
No
6
Dec
29%
Jan
110
Oct
48%
Mar
8
..100
1
preferred-
11
14%
Dec
102%
t
12% Mar
k
14
Nov
75%
134
Mar
'9
105
Hudson Motor Car
16,600
Jun
Feb
14%
.
Feb
79
14% May 27
17
158
Apr
30% Mar
25
c
& Manhattan.;..—
6,900
2 %.....:/
5ft
125
May 27
5
v
Hud Bay Min & Sm Ltd
69 %
:
t
Feb
58% Oct
Apr
,
-
Apr
44
*
8%
167
167
,v':
8
8
"
51
115% Jun
_100
Texas
I'
10%
X40
.
Hudson
Jan
Jan
..No par
5,500
133/4
16
'
of
28
*10
70
13%
16%
16%
40
x
;
10%
Oil
42
42
—-No
—_—
preferred-..:
Houston
7
115% Jun
100
6,500
■t.
9%
V
13%
28
13%
Jan
Dec
61% Jun
110
13
—5
No par
Howe Sound Co
23,100
Y
B
+5 ft
5,800
35%
(A)
Household Finance
150
;
7%
35%
29%
*93%
:
7%
36 %
9%
13%
109%
7%
44%
;
Class
500
*35%
44%
14%
57
7%
■•"7
'•
8%
26
Hollander & Sons
Holly Sugar Corp
7ft preferred
2,100
36%
:*28%
14
7"
■
7%
2
•
.
36%
,
.
9%
■
%
36%
15%
110
7%
14
36
16%
.*55%
36%
.
14
42%
.
56%
7: 13%
VI 16
35%
43
37%
40
_
35%
42%
.
28% Jan
(Del)
10
42%
110
10
Furnace
900
.
7%
22% Mar 31
Holland
20
2,500
3518
*37%
16% Jan
500
Jan
Nov
1%
21% May 10
1
40
Jan
16 %
35
*109
14% Jan
100
Hinde As Dauch Paper Co..*
Hires Co (C E) The
10
21
39 %
134
May
49
100
14%
35%
55%
130
No par
preferred......!JVo par
115 %
35
58
100
preferred
cum
conv
8%
04'/a
V
•
*20%
$4
Dec
May
Jun
10%
Jun
''.( *19
6ft
Hershey Chocolate
16%
t
*56
133
88
79% Apr
45
May
141% Apr
Mar
87
Jan
Jan
Jan
4%
Jan
%
Jan
16%
146
5% May
17% Jun
73
40
*110
13%
:
167
Jan
12% Jan
115%
16
*115
151%
152
par
115%
16%
115%
55
No
...No par
*115
16
•;*115
15%
—100
_!
Motors
Hercules Powder
115%
16%
115%
14%
Hercules
80
Apr
20
*39%
16
15%
800
71
6
21
40
*115
15%
Preferred
4,200
56% Jan
104
Apr:
3% Mar
3% May 10
102% Apr 10
2
93% Jan 20
25
*19%
20
*42%
—25
30
21
16 %
43%
16%
85%
1% Jan
,2
.
-
Apr
10% May 28
200
''
115%
*42%
Jan
62
*39%
16
35%
7
Highest
$ per share
Apr
12%
*126
15
Jun
133
*20%
115
13%
1
102
115
*19
13
Jan
*59
39
13
16
160
16%
4% Jan
86
—i
98
5
*110
21
7
1
18% Mar
144% May 14
7% May 29
__100
W)...
(G
107% May 15
Feb
1942
$ per share
share
62
20
13%
Helme
135
per
115
*60%
•110.
*20%
'
100
preferred
6
13% Jan
par
of Amer class A—
$
*20%
61%
61%
640
85%
132
115-
*115
35%
132
*19
•
21
40
13%
14%
61%
*110
•
20
21
39%
/]/
*131%
4,800
160
No
Hayes Mfg Corp
tHazel-Atlas Glass Co
2%
69%
99% Jan
No par
Eefrac
Hayes Industries Inc
101%
$ per share
Par
Year
Lowest
Highest
'
X39
115
*19
40
133
*61
61%
*61%
*110
20
*20%
*131%
133
*131%
61%
*14
2%
84%
Co $5 pfd
2,300
*67
16%
84%
(M A)
9%
101
160
16%
84 %
*39%
•'
*158
16%
115
'
2%
69%
84
133
*131%
9%
102
*67
17
*110
.
9%
85%
16 %
.*84%
•
160
9%
2%
70
*67
9%
101%
2%
101%
70
*158
160
*158
101%'
*66%
70 V;
2%
101%
2%
2%
101%
*8%
9%
8%
9%
Lowest
preferred-
Hat Corp
'
*9%
Range Since January 1
•
Harbison-Walk
1,200
,
Range for Previous
STOCK
Y-.';
107%
16%
142%
YORK
EXCHANGE
Hanna
6%
102
NEW
Shares
per share
*106%
for
16%
6%
100
$ per share
share
Friday
jpne 18
June 17
144%
*140
6%
100
June 16
107%
16%
16%
144%
6%
102
*99%
107%
*140
144%
$ per
share
per
STOCKS
Thursday
Wednesday
Tuesday
June 15
June 14
per
*140
r'
Monday
June 1 %
RECORD
PRICES
SALE
HIGH
AND
129
24%
64
Jan
Dec
Nov
Jan
Jan
-
May
-79%
Jan
Aug
11
Jan
13%
Dec
K
*123
16 •/
Y
16%
128
*123
128
*123
'
8 Va
8%
8%
8
8%
*25%
26 V2
25
25%
*25
11V4
*10%.
11%
*99%
*143/4
*108
23 Va
16
*106%
30%
.
110
31
18
31%
*4V»
4%
110
23 Va
15 Va
y
109 %
14%
*107
>
23'/a
23%
15
.
i
30 V8
31
17 Va
17%
*31
/
4%
44
22
128
*25
11%
*11
101
*123
8%
25%
h
11%
*99%; 101
,
*123
:
.
Kan
128
8%
8%
4,800
25'/a
25 Va
500
11%
11%
Furn__
500
preferred
Kaufmann Dept Stores
5ft conv preferred
Kayser
101
•
100
20
.100
83
4ft
100
12
*99%
101
Si
Kansas
*14%
110
*107
23%
23%
15%
15%
110
■
30%
110
30 Va
15
*14%
110
*107
23%
15%
110
YY
30'/2
15'/a
110
x23%
15 %
30%
17%
17%
*17%
18
*17%
31
31%
31%
*31
3174
*31
5
Feb
117
Mar
16% May
7% Jan
..
_
...
6
12
Apr
2
101
Jun
16
Jun
1
108
Mar
11
15% Jan
2
Oct
7%
Oct
May
29%
Nov
6
5
103% Feb
124
Jan
16
5
2
2%
6
Jan
11% Jan
....
4Va
4%
43%
43%
*43 %
22
22%
22%
4% y
4%
*4%
*
45
22'%
r-
43 %
22 Va
Co
P
:
4%
500
Kimberly-Clark.:—
Kinney (G R) Co__,
$5 prior preferred
Kresge (S S) Co
Kresge Dept Stores
V
80
4,800
<
j
7%
7%
*7%
7%
7%
*7%
7%
29 V4
29%
29%
29%
29%
29%
29%
29%
29%
29 V4
29%
1,800
Kress
30
30
29%
30%
29%
29%
29%
29%
29%
29s,a
29%
30 Va
8,400
14%
15
15
14
14%
14%
14%
14%
14%
V2
270
68%
68%
68
68
67
67
240
27 Vs
26%
27 V8
26%
27
1,800
19%
19%
19%
par
*7
8
7%
7%
300
(S H)
VJan
28% Jan
25
Jan
29
Apr
11%
Feb
Dec
100 %
Jan
Jan
11%
Sep
103%
Dec
14%
Dec
81%
7 •:
-1
10
1
24 % May 11
Apr
4%
8
26%
Jan
9,
Dec
105%
Jan
Jun
17% Apr 10
11%
Apr
31% May 19
24 %
Jun
1% Jan
13
12
2
5
May 10
46% May
23% May
5
3
4
11
10% Apr
23 % Jan
.4
30 % May 29
26
32% May
6
1%
y
•;
May
100
24
35% Apr
93% July
10% Apr
2
18% Jan
2% Jan
V
16% May 11
113
24% Feb
& Co
7
•7
34% Jan
...
Kroger Grocery & Bak
14%
No
4
8% Jan
192
15% Jan
Keystone Steel & W Co
500
45
22'%
-1
300
/
1
Kendall Co $6 pt pfd A___^ .No par
Kennecott Copper
50
33,100
18
31%
preferred_100
Wh'l conv cl A
B—
Class
3,400
Y
30%
•
&
Kelsey Hayes
2,500
15%
110
30 V8
17%
4%
23%
*107
(J)
Keith-Albee-Orpheum
110
23 V4
15%
110
30
14%
*107
23%
Xl5%
*108
*14,/2
29 VA
8
Jan
5
125 % May 24
■
14%
43%
22 Va
22
16%
25 %
11%
*99 %
*16
8%
*25
4%
22
128
8%
43%
4%
44
22V4
30
*17.%:
31
31%
44%
Va'
*108
109%
16%
8%
26
*99%
15%
*107
•
16
*31
22 V4
*14%
•
23%
111
103
*99%
15%
*17%
*44
*10%
11%
103
8'%
V8
30%
Jan
37%
•
Jan
15'/a
Dec
29 ;
Jan
•
2%
Feb
Sep
40%
Feb
Mar
22%
Jan
Jun
3%
Jan
19 % May
22% Apr
27
Jan
29 Va
Jan
17
2%
L
69%
68
68
68
68%
.27%
27%
27
27%
27
27 %
*18%
19%
19%
*18
19 Vs
*68
*37%
38%
*18%
38%
24%
24%
23%
112%
112%
♦112%
*7Va
7%
38%
23%
114
2%
2
18%
18
29%
29%
28%
-
7Va
6%
2%
18%
•
2%
19
1
37%
X27
19 %
38
*37 Vb
19 Va
38
*19
38
38
23%
23%
24
24
24
114%
113
113
*113
114
38 %
24
*113 Vs
6%
7
2
6%
2Vs
18
18 %
2
18 Va
7
6%
1%
2
.18%
24
Va
7
2Vs
19 Vs
*14
19%
*113
7
2
18%
14
38 %
200
*
Laclede Gas Lt
Lane
No
Lee
Lehigh
4ft
Portland
conv
7
6,300
6,800
Lehigh
6,600
6%
Valley Coal
conv preferred--
29
29
2,800
Lehman
22%
22
22
21%
21%
21%
21%
21%
22
*22
22%
1,000
Lehn & Fink Prod
35%
36
36
34%" 35%
34%
34Va
*34%
35
35
35
1,000
Lerner
39
39
39
39%
39
39%
40 %
39%
40
39%
40%
6.700
8%
8%
8%
8%
8%
121,300
8
8 Va
7%
For footnotes see page
8%
2323.
7%
39%
8%
-
29%
29
29 %
8%
29
29%
•
Corp
par
5
25
inn
--50
ILehlgh Valley RR
2
19
22%
*29
.
Cement-.
preferred—
35%
29%
100
(The)
Rubber & Tire
600
40
Co
Bryant
900
•;
24
114%
St Louis—.100
No
Llbbey Owens Ford G1
13
21%
Apr
41%
Sep
7
11%
Jan
18
Dec
11% Jan
7
19% Jun
18
11%
Dec
26% Jan
27
20
Jan
4
107% Jan 27
2% Jan
lilJan
11% Jan
2
2
6
38% Jun
5
25
Apr
6
116% Apr
7
8% May 19
No
8% Mar
15%
Apr
18% May
104
28
Dec
23%
Jan
Aug
2%
May
113
Jun
4
Jan
Jan
2% Jun
1
U
Dec
1%
Jan
20% Jun
5
8%
Jan
15%
Aug
17%
Apr
25
Dec
11%
Apr
14% Aug
Jan
12
30% Apr
6
14% Jan
6
22% Jun
10
par
23% Jan
8
36 % Jun
7
24
Corp
Llbby McNeill & Libby__
Apr
72% May 21
29% Jun
4
5
(The)
Stores Corp
7%
4
7
9% Jan
35
par
50
_.
16% May 21
Jan
17% Jan
Co
preferred-.-
5ft
Lambert
...No par
31
Jan
12
40% Jun
16
7
5
Jan
2
8% Jun
17
18
20%
4
Apr
26%
Dec
Jan
33%
Dec
Mar
5%
Jan
Volume 157
2319
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4187
-
NEW YORK STOCK RECORD
June 12
'
$ per
$ per share
38 Va
*37%
68%
71%
176
178 i;v''
27%
39
38%
28%
40%
41%
38%
28%
18%
*18%
X20%
39%
39%
*38%
*18%
18%
*18'A
20%
20%
xl9%
20%
21%
21%
20%
21%
61%
61%
60
60
49
25%
21
60
48%
71%
25%
25 Va
72
9%
i
Lion Oil
<
>•
1,300
1,700 ^
20%
158%'
,211
72%
72%
*72
26%
25%
26
Lorillard
1
160
*25% A 26 %
/
:
*72
i/26%
f
74%
26%
:
1,000 •
Apr
16%
Apr
23%
22 Va
Jun
32%
Feb
: / 25% May
37 Va
Nov
12 Va Jan
4
21% Jun 11
16% Jan
5
42'A Jan
7
37% Jan 11
25% Mar 29
62 Va Jun 11
51
Jun 5
.
6% Feb
27% May
59% Jan
100
Jan
73%
Jan
74%
Jan
177
Dec
Nov
12%
Oct
16 Va
Dec
14% May
24%
Jan
37
Jan
46%
Dec
31%
Jun
42%
2% Mar
7%
Dec
19%
Nov
16%
Nov
Jan
15
6
Mar
11%
.
Apr
128
18'A
Apr
-
Jan
76%
Apr
Sep
15%
Jan
Dec
153
Mar
11%
55%
75% May 27
8
33
11% May
21%'Jun 5
161% Jun < 8
21% May 12
16% Jan 2
148% Jan 12
15% Jan 6
Mar
9%
11% May 10
4
18Va Jan 13
100
No par
7% preferred
Louisville Gas Si El A.
Louisville & Nashville
J
900
164%
15% Jan. 6
25
—10
-
Co
(P)
Apr
Apr
28% May 27
No par
/,
40
-
21
74%
72
*158%
'
Long Bell Lumber A
Loose-Wiles Biscuit
3,900
25
20 V8
-
Lone Star Cement
50 Va
44
May 27
40% Apr
7
19% Apr 22
1
*
No par
Corp—-No par
2,500
•
'
25
Refining Co
Inc
Loew's
'
2,900
V
1
50%
No par
Liquid Carbonic Corp
Lockheed Aircraft Corp_«
9%
20%
20
•21'//'
21%:
49%
25'A
•* s158 Va
161
60%
48%
20
No par
200
20%
60
•
9%
25
..
19%
19%
*21
21
"
20 Va
49
1
24
Jan
7
34% Jan 19
No par
-No par
Co
.1,700
18%
21% '
60%
i
9%
9%
*8%
*158%
21
71%
73
72%
20%
60%
48%
Link Belt
600
•11,200
*18%
20%
20%'
60
•'
'■
$ per share
4
38% Jun
70% Jun
4
22% Jan
No par
Lily Tulip Cup Corp
Lima Locomotive Wks
!/ 4,100 i
'
*20%
18%//
•'*18%
-
'
39%
*38%
20% .21
20
*158%
21%
383a
20
161
20
20
X21
,
18%
v
Highest
|
$ per share
73% Jun
4
179Va Feb 18
63% Jan
2
174
Apr- 3
100
tPreferred
'••'
500
"
40
40
40%
38%
/
-
48%
25 Va
25%
40%
39%
140
27%
*26
■
;
Lowest
S per share
30
Jan
4
62% Mar 25
25
Series B
'
20%
:;.i-
8%
8%
161%.
*158%
161%
"
25%
X19%
20%
20%
'
•
48
//•'/
178
1,900
8
—2d
Liggett & Myers Tobacco
:
Year 1942
.■:,•■
Highest
$ per share
Per /
Life Savers Corp
.
1,500
69
/ *177
20
59%
48
9Va
9
25%
59
/
48%
48%
>
9% /:
*20%
v
69
/
•27%'
27%
40
39%
;
-
67%.;
Lowest
-
./
//■'/'/■
•
200
: 39
67%
177
"176%
28
39%
*37%
.
69%
68%
70%
28
20%
160
67%
176
176
27%
;
38%
67%
Shares
share
'
176
*38%
19
21 Va
*25%
38%
68%:/
;
18%
9%
38%
68
70%
27%
39%
*38 Va
21
49
70
176
176%
/
67%'*
69%
176 Va
27%
*41'A
67%
:•"
,71
70%
*71
■
*37.-.'
v-.
38%
*37%
68 Va
t
■
S per
$ per share
$ per share
$ per share
•
.
38%
68%
38 Va
68%
share
EXCHANGE
the Week
// : June 18
June 17
June 16
June 15
June 14
.
Range for Previous
-Range Since January 1
STOCK
NEW YORK
Sales for
Friday
Thursday
Wednesday
Tuesday
/v.;;
STOCKS
PRICES
SALE
HIGH
AND
LOW
'
Monday
Saturday •"•'•'
Jan
M
'
26%
,26%
26%
*25%
> 135
*127
*25%
■
35%
35
35%
34%
29%
28
29%
27%
13%
*12
19
'250
320
9%
•*9%.
'
7%
9%
9%
.
*18%
18%
2%
2%
9%
2'A
2%
•
5%
5%
6
14%
15%
15%-
16 '
14 Va
6
16
2 '/a
2%
14%
14%
20%
€
/
'•
•
16"V
16
14%
15%
15%
14%
20%
20%
6 3\
6%
6%
6%
6%
•"
41%
41%
*39%
40 Va
39%
39%
*39"% •; 40 :/•""/
39 Va
*40%
J X40%
39%:
*30
31
*29
30
*29
30%
30
*29%'
.23%
24
23
23%
24
v
49%
6%
32»/4
*31
6%
6%
6%
16%
*17%
16%
16%
16%
16%
15%
16%
16%
28
111%
*107
111%
*108
15%
46%
46%
22%
22%
27%
27%
27%
27%
14%
14%
14%
.14 'A
-14%
46'A
46%
46
46'A
Z
22
22%
21%
22%
'
in%
111%
*112 :.
10%
10%
113%
113%
113%
9%
9%
9%
46%
46
46%
22%
21%
22
112%
112%
112%
*111'/a
113
11%
*111
.10%
10%
11
*11%
90
74
10%
*37
32%
9%
9%
8
7%
24%
*29%
30%
29%
*117
120
*71
10%
27
32
32%
7%
7% Z
7%
v
120
70%
71
71 v':
71
*118'A
*118%
120
*109
109
*113
109
8%
7%
*26
*116
2%
2%
8%
8%
25%
25%
86
86
114
*116
/ 120
114
46
46%
45
*34
35%
34.
24
22
/
'.■/<"
45%
46%
45%
45%
*33%
34%
*33%
23%
23%
17%
17%
29%
28 %
30
9%
*43%
68
♦66
67%
115%
9%
9%
21
21
20%
700
68
68%
*67
68
r.
2,200
6
3,300
114%
9%
9%
,9%
9%
9%
68%
68%
30
9Va
9%
4,700
43%
*40 Va
*40%
43%
43%
1%
1%
*lVa
13%
13%
13%
*37
37
://i%
13%
13%
38
38
/./.
1%
14
,.
38%
,
37%
<
-
37%" " '
16 Va
16%
16%
16%
16%
16%
16%
16%
16%
16%
9 Va
9%
9%
9%
9%
9%
9%
9*8
*11%
11 Va
11%
11%
*10%
11%
*10%
11%
11%
11%
11%
11%
11%
11%
21%
20%
20%
20%
172
168
21
*19%
"
;
*19%
8%
24%
26%
*166
20%
8%
9
8%
169
*19%
20%
*19%
9%
169
171
*169
20%
9'/a
25%
172
*166%
26
14
13%
14
13%
14
14
14%
19
19%
19
19%
19
19%
12%
12%
*13
13%
10%
*10
13
13
*10
25%
25'A
32
31%
24
x24
*22%
.
25%/:
.14%/:
13
10%
*10
31%
32%
32 Va
19
24%
*24%
24%
*23%
24
13%
•
10 Ve
10%
10%
10%
10%
10%
10%
10%
10 Va
10%/
86
85
85%
85
85%
83%
83 Va
83%
83%
17%
17%
17%
*169
170%
*144%
147
*20%
170
*
147
145%
61%
146 Va
20'/a
19 Va
33
33
•:•"•
19%
33%
33
33%
32 Va
32%
6%
6%
6%
6%
60%
61 :
/
59%
60 %
13%
33
60'A
60%
59%
60%
13%
Z
14
13%
13%
Z.
,14
14Va
13%
14%'
27
28
26%
26%
26 Va
x26
26
28%
27
*28
75 Va
76%
75 Va
75%
75%
76
x69%
70
-13
76%
76%
,>'.86%
86 %
85%
86%
84%
84%
6%
6 %
6%
6%
6%
6%
■
.1
9
8%
9
8%
•
8%
8%
87
86
6%
8%
13%
f
6%
9
'13%
9
13%
!
•:
Xl3%
13%
13%
22%
*21%
22%
*21%
23
*21%
23
9,
13%
*89
93
*89
94
*89
94
*89
94 '
93
50
*49
53
-
49%
50
50
*49
50
x49%
110
110
110
*109%
110
*109%
33%
34
33
33
32%
33
32 Va
15
Xl4%
*49
15%
14%
14%
110
32%
15
15%
15%
18 Va
18%
17%
'18%
17%
17%
17%
18 Va
*100%
101 Va
*100%
101 Va
*100%
101%
100%
100%
39%
39%
39
40%
39
39
17 Va
17%
16%
17%
16%
16%
For
footnotes see page 2323.
*39
17%
40
17%
110
*32'A
xl5
18
?
V
f
i_-
/.'
15%
-
18Va
/
•
2,000
15 Va.
5,900
18%.-
2,800
*100%
101
41
41
40%
41
17%
17%
17 Va
17%
100
,
-
.
200.
80
32%,
1,200
51,200
(The) Pa—-—.10
preferred
—40
conv
prior preferred
-
3,800
100
25
Corp
t6%- prior preferred-National Tea Co
—
320
/
53
32 Va
15%,
18'A
;
94
$2
2,500'
.
Steel
/ 137
14%
30%
2%
52
National Supply
t5%%
2,100
v-'"
13%'
*50
•
1,800
v
6Va,
9
"
f
National
900
81%/-
101
*100%
.A
23
*110%
32%.
•
13,200
^
71%'
-
preferred B__—
100
Nat Mall & Si'l Cast Co....No par
National Oil Products Co
4
National Power Si Lt
No par
3,000
r
14
160
t6%
.20,600
-
*89
110%
1,800
.
6%
*22 Va
23-.:.
•
*109%
6 %
204:
10
A——100
Lead Co.
Natomas Co
Nchl Corp
-
.'_100
100
No par
No par
No par
—1
-4%% conv serial preferred—'.100
Newberry Co (J J)
No par
5% preferred series A
..100
Newmont Mining Corp
—10
Newport Industries
1
N'port News Ship Si Dr Dock
1
$5 conv preferred
No par
Ntlsner Bros Inc.—
Brake
New York Central
New York Air
'
Feb
32
Jan
Dec
6
Oct
221/*
Jun
29
21
Apr
33%
Oct
24
Dec
30%
Jan
9% Apr
5
Apr
7 Va
Jan
19%
Dec
12% Mar
16 Va May
120
"
v
108 Va
Nov
Jan
59 Va
Dec
103%
Apr
21
Jan
108
113 % Feb
4
*107% May
111
8% Jun
10
1% May
57% Jun
110
92 Va May 10
3%
Oct
Oct
Dec
67
Mar
14%
Nov
4
iV
Jan
1%
Oct
6
1%
Jan
4%
11
12'/*
Feb
18
Oct
10
66
May
91
Jan
Mar 19
110
May
112
May
20% Mar 30
•
3% Mar
90% Feb
119
121
"
Apr
Mar
28%
Dec
48 Va Mar
29% Mar
Dec
11
7
9%
Apr
12%
Nov
Mar 29
20 Va
Aug
25%
Jan
3%
Jan
7
••
3
2
Sep
50
Jan
63
11%
Jan
17
Dec
69%
Jan
18
18
49
May
Apr
21
108%
10% Jun
4
4%
Jan
Feb
27
30%
Jun
1% Feb
11
15 Va Jun
7
44
Oct
May ,29
Jun
68% Jun
116
40% Apr
19% Apr
29
1
113
Sep
1 >'
Dec
6%
Jan
Nov
39%
"
Deo
3%
Feb
Feb
3% July
7
Oct
16 Va May
29%
Nov
13 Va May
19%
Oct
10% May 20
3
Apr
5%
Nov
11% May 20
5%
Jan
8%
Dec
13% May. 4
v
22
173
•
11
31
2
12
95 % Jan 7
27 Va Jan 2
10% Jan 12
Oct
166 Va
Jan
12 Va
Apr
16%
Dec
3%
Jan
5%
Nov
7
7
11
May 27
17%
>
8
11 'A Jun
4
Jun
2
87
19 V* May 27
171% Apr
10
Jun
16
146
22
May 27
36
Jan
4
.
7
7'A Jun
62% Jun
...
7
15% May 28
28% Jun
2
>80 V* Jun
1
Jun
2
88
7% May
10% Apr
13% Jun
■
23 '
8
5
1
May 29
89% May 27
Jan
26
Sep
18
Nov
3%
60
Jan
72
11%
Apr
16%
145
May
168
129
.Mar
146
13%
Apr
lVa
Apr
May
9%
Jun
16%
Mar
Jan
Jan
Jan
Nov
Jan
Oct
Jan
Feb
63
Feb
May
70
Feb
2% Mar
4
.'45% May
51
Oct
Oct
9%
Feb
5% Mar
9%
Dec
4%
17
Jan
11
Apr
37% Apr
8
22%
Apr
7 V*
Apr
16% May 29
21% Mar 30
15%
Dec
6
93%
Dec
75%
70% May
i Mar
5
3%
54
6%
28
May
36
43% May
4
Dec
17% Mar
Dec
29%
104
20
6%
Apr
16
May
Nov
Apr
30
44% May 29
9%
8% May
Jun
102
Dec
14 V* Mar
112% Jan
50
Dec
15% Aug
7% Nov
Apr /
4%
25% Jun
9%
Sep
12%
10'A May 27
7
32% Jun
>•
20
Jan
6%
14% May 26
5
7
4
4
16%
May
14% May 10
Jan 2
Jan <. 5
2
4
5
2
2
May
28% May .27
21
Oct
13
140
Jun
Jun
10
9%
6 Va May
3
Apr 24
20% Apr
Jan 13
May 8
%
Dec
Jan
■
22% Jun
2
ljf3*5 Jan
Jan
34%
6%
73
Jan 13
Jan 6
27 Jan
"106 4 Mar
26% Jan
10 /a Jan
110%
Apr
12%
31
5
4
4
2
13
16
14
15
12
4
9'A Jan
Oct
Apr
23%
7
4
Jan
120
102 Va
18% Apr
7
Jan
Feb
5
17
7
117%
Oct
Jun
27% Jun
Jan
Apr
3
48 % Jun
37
8%
4
29
114Mar 10
2
16
Jan
74/s Jan
Oct
Apr
35%
76% May
23 Va
88 V*
Jun
11% Apr
Jan
Jan
<
Oct
26% Jun
5% Jan
14'A Jan
57
Jan
62 Jan
2% Jan
' 6
:
No par
No par
72
Jun
4
2
3
Jan
Jan
Mar
Dec
2
Jan
J an
77
Oct
4%
2
x25%
17 %
.6
v 70'A
64%
Jan
7% May
*5% Nov
6
26
Jan
108
Apr
20%
Jun 18
.5% Jan
18% Jan
9% Jan
14% Jan
6% Jan
9% Mar
94
Dec
7%
Jun
55
Jan
Jan
Feb
Jan
Dec
110
4
5
7
17
;
10
t7% preferred
700
13%,
26%i
•.'»
13 %
13%
*89
13%
*81
6%
22%
*22
33
59
71
9
*13%
13%
:
*25%
81'/a
x79
•;-:.V6%
'
'
20
6%
/
:
58%
6%
6 %
330
•
146 Va
*145,%
19%
National
8,900
171%.'
171V8
*145%
V
20%
6%
17%/
17%
.
<
20%
146
20
6Va
■
171
20%
146
145 %
33%
6%
61
145 %
.
19%
34%
6%
170
21
*33%
170%
*169
171
//
17%
17%
17%
170
•
Dec
15%
'
18
8
Jan
5Va
14
NOV
39
Jan
May
31% Jun
4
12
19
2
20
Jan
5'A
8%
8%
15%
162
9%
25% Jun
15 V2 Jan
•
Oct
Dec
9%
Jan
101
Jan
24%
Apr
6%
27%
7
Oct
Jan
32% Mar
23% Jan
.
No par
No par
No par
Nat Enam & Stamping———No par
National Gypsum Co
;
:—1
$4.50 conv preferred
No par
7,900
5501
-.
.
14
;■
34 Va Apr
.
6% Jan
1
preferred
99% Aug
14
108%
-
11% May 29
Jan
Jan
1
Dec
12%
/>
May
Mar
34% Jan 12
No par
Register
Cylinder Gas Co
Dairy Products
6%
300
85%
17%
1
1
Nat Distillers Prod
''
'
4
i—10
No par
—10
National Dept Stores.
2,200
24%
♦24%
Nat
5,800
10%
170
Cash
6
Feb
101
Mar
-
40% May 29
2
7
5
Apr 13
Jan 25
5% Jan 2
No par
Corp
National
•.'•/. '
32%;
32%
.
r
10 Va
*10
10 Va
86
17%
Nat
10,800'
'
10%
17%
Share
4,300
86
17%
&
2,500'-
;
19%*
Va
12%
32%
12%
Bond
10
:
Nov
32% Jun
9
.53
15
62
112
i.100
National Can Corp
9
7
Jun
76
Feb
11 Va Jan 12
21% Jan 8
•2% Jan 2
„
10
-
4,800
,
14
14
13 Va
13%
32
Nat
.•1
100
—10
———5
preferred
Aviation. Corp
Biscuit Co
preferred
*7%
Inc
6
,
Nov
22
Jun
4
May 21
89
Jan 2
Jan 14
"
19%
*10
v
26
conv
National
100
9
26
Acme
National
'
20%
8%
•
6%
600 '
1,800
9,300
'
169
*19%
/
10%
*10
10%
31%
32%
32 Va
"
9
Nat Automotive Fibres
.
11%
21%'
*164
20%
19%
25
19%
19%
25%
25%
.
169
9
9%
14
13%
*19%
20%
9
11
11%
20%
11%
21%
Co___
National
3,500
9%:
10%
,
11%
20%
11%
26%
*26%
11
11
.21
•
3,000
165/8
9%
9%
11
>
—U00
tNash Chatt & St Louis.
90
76
Jun
10
Jan
3%
Jan
May
May
46%
•
13% Sep
10
10% Apr
Jan
No par
5
Corp
Nash-Kelvinator
l'A
Jan
176
Apr
4
Jan
'
Liquidating Co
Nabco
'
9%
21%
1I1!|n
80,600'
13%
16%
21%
preferred—
Murray Corp of America
Myers (F E); St Br0
1
t4%%
700
1 Va
1
13%
Jan
j/
Apr
31
114
108 %
33%
31 %
13
9Va
class B—
1
1
preferred*.
;
No par
Munsingwear Inc
—
No par
Murphy Co (G C)
1—No par
500
113%
Jan
162
11% Jun
118
$7
1,500
*112%
9%
*40%
22%
'21%:
114%
12%
Brass
6
115
..
Mullins Mfg Co
10
27%
*
:?;v
115%
43
No par
—5
1
Corp-—'
Co
77
„
—.50
Corp
■::!
6
21%
21%
Wheel
Motor
*73 "•'■<■
*114 Va
> 37
17%
*27 "
68%
*1%
37%
Motor Products
29%
Aug
19% July
16% May 19
Jan
2
64% Jan 7
13% Jan 13
/ % Jan
2
•
'
115%
1%
:/ *37
37%
2,900
Mueller
5%
77
*65%
•v
15%
f
'5%'"
*73
77
*40%
12%
13%
13%
*37
•
6 Va
6
*73
43%
1%
1%
1 Va
10
*41
44
20%
& Essex—..
17%
:
27%
*27%,
28%
28
5%
73
73
17%'
*17%
17%
>*114 Va
•'
115%
Xll4%
;
5%
//
20%
20%
21
21
*66
*114%
75
(J)
Nov
4
3
No par
Morrell
tMorris
v
Dec
3
25%
16% Jun
Feb 24
17 Va Jan
84
Mar
'—No par
No par
& Co
200
7,500
15%
"'•:v
16
xl5%
V
16
10,200
23
34%'
'
34%
3%
8
3% Jan
No par
series B_
preferred series C_"
Montg Waid & Co Inc—
22%
',34%-
:
'
28
28
■
6 Va
5%
*73
75
23
•
Preferred
$4
45%-'
:.'••; 45'A
34'%
23%
$4.50
,
6%
.
19
7% May 29
106 V2 Jan 4
58
Feb 8
J' 107 Feb 19
109
Apr. 14
No par
preferred
50
120
:
22% May
50% Jun 14
114
Jan
Sep
2
7
.
17
—20
10
Mills
Monsanto Chemical Co
Jan
8%
22% Jun
:_100
Carpet
Mohawk
/
/—No par
preferred series A_
7%
70
*113":'':" 114
34%
*17%
17%
29%
*116"
114
Z-
1,300
.
116%
.*115
120
r
45%
*15%
15%
/
*113
15%
17%
6%
*116
*33%
16 Va
18
86 Va'
*115 > 116%
15%
16%
85%
120
23%
18
,■'86%
116
22%
16%
86%
113%
23%
'
-
.8%
25%
44%
/
-
1,200
400
25%
*113
116
6,100
89
25 "a
*116
116%
8%
10,400 ;
19
"•'••'•2%
-/' A-:
114
■
*113 •'
46 Va
34
•
120
116%
116%
116%
Mo-Kan-Texas RR
~7%
25%
'.
86
85%
*116
9
25%
25%
4,100
10/
19
8%
v
9 Va
10
No par
2,500
70
Jan
26%
32 Va Jun
25
Jan 4
25% Jun 3
26
Jan 13
5% Jan 4
18% Jan
6
20 Va Jan 7
.
—100
8 c/o cum 1st preferred
Minn-HOneywell Regu
4% conv pfd series B
Oct
Apr
17 V* May
7
.
170% Jun
4% Jan
2%
500
>
>4 89
2%
19
•
„
11%
12%
27% Mar 26
.
Jan
Jan
31% May
7
/'■/' 3%
Jun
Jun
113
Nov
2
4%
7% Jun
.
Jan
16%
2%
May 27
42
Dec
*6%
»
3
:
28% Jun
27
5
—
Petroleum.
Steel Prod
Midland
24
67% Jan 9
60
Jan 15
.
'—No par
,.100
4% % preferred series C
100
Minn Moline Power ImplJ
1
$6.50 preferred
No par
Mission Corp
i
—10
70 Va"
7%
89
2%
zr 9
87 /:.;•'
~7%
Copper.
Mid-Continent
15% Jun
;
May
11% May
% Mar
50% Apr
101
6
(The)
1
conv 1st preferred—,
50
& Mln Trans Co
—No par
Machine Co
5
Miami
<
40
*113
7%
Mesta
:
900
109
*108
;V 89
"v19 (.'
2%:
26%
25%
-87.
I
114
2%
9
8%
\
.
Merch
.
4,100'
120 Va
70 Va
71
k C109
2%
18%
5%
2,300
*
30%'
V *120
•
,
19 VB
*88 Va
18%
.
120
*72
89
87%
18%
116%
*117%
6 %
;~8
87%
87%
23%
7%
19 Va
•
26%
*87
*113
7%
87%
9%
:/ 9
7%
J.
7%'
24 Va
24
*29%
*113
87 %
2%
2%
//'
*108
*113
113
113
:i8%
ZZ 2%
18%
18%
8
7%
.
89
•'87%
,
1,300
//:■ 7%
7%
120
*69 %
:
.71 '
109
31 Va
30 Va
120
120
400
*31
|
26%
24
24
*29%
29%
*70
109
*109
*113
.
20 4"
38
*26Va
'//
31%
30%
24'/a
29%
29%
29
,' 38
Jan
5
15
6% Jun
18% Apr
•
6% Jan. 13
Mengel Co
"
23%
7%
4,100
Jan
2% May
11
Mar 24
19% Apr
5
2% May 11
2
7
4
109 Va Apr
1
Melville Shoe Corp
4%
8% Jun
14 % Jan 27
1—No par
t$5.50 pfd ser B w w
1,106/
10%
*26%
1
*
10'A
27
24
24
30 %
*118.
72
*
10
1
32% '
Jan
38% Jan
>
No par
No par
t$6 preferred series A_.
300
73
32%
32
7%
;
24%
23%
*72
27%
18
100
preferred
conv
Mead Corp
2,500''
.
85
*81%
32%
-*'
6%
50
9%
9%
-
Jan
Deo
19
6
Mar 15
19'A Jan 13
8% Jan 11
5
Co
Stores
13%
107
—18
100
1
preferred
t5% %
McLellan
21%
Nov
9
—No par
Mclntyre Porcupine Mines
McKesson & Robbins Inc
60
113% '
*112 *
100
1
McGraw-Hill Pub Co
2,100
2,400
—1
Corp.—1
preferred
conv
Apr
9%
12%. Jan 16
11 % Jan 7
104
Jan 7
100
1
Corp
McGraw Elec Co:
7,800 <
10% v
32%
-
24%
.//' 10%
73
*72
;
112%
85
*81W
72%
27"
x32
22 % :
9 Va
9%
27
33%
Z
1,800 ;
46% '
22 %
113% '
*112
38
32
500
Stores
McCrory Stores
•
-
; 46%
':
11
.
*37
27
','•• 8
*10%
38
•('*37
McCall
5%
14 Va':
*112
*37%
27 Va
2,000
Z 27% '
10
10
27%
•
33%
7%
*31%
38
111%
•
32
a32
38%
15% '
*14
113
86
72%
72%
600
•
*81
88
10%
*37
28%
*33%
72%
•
32%
9%
38%
*27%
*81%
73
32
32%
10%
9%
86
Z" 73//
32%
*113
9%
*81
82
*71
•
114
9%
9%
9%
11
114
114
*113%
*107 "
*27
27%
*14%
21%
17%
/:■ 15%
■
*27%
46%
•
16%
*107 %:? 111 Va
111
*107
111%
*107
500
"
14%
Xl4
1,100
37
Jan
2% Jan
21% Feb
Jan
Jan
17%
10
Jan 11
21% Jan 2
165
Jan 5
-
35%
6
24% Mar
22
——_1No par
;
Wks
preferred
:
100
May Department Stores.:. .—10
Maytag Co
No par
$3 preferred
No par
$6 1st cum preferred
No par
1,400
6%
17%
Co
Alkali
Jan
Jan
Dec
3
320
3% Jan 5
31% May 1
7%
*106 %
*
17%
xl5%
.
2,600 ;
;■
'* 31%%
*30
(.31% V
17%
27%
27%
28
15%
V-*
17%
(
49% "
*6%
*106%
17%
Mathieson
( 49%
6%
31%
v
30%
*106%
17%
23%
23 %'
50
Elec
Master
♦171'Ay-
6%
17%
Masonite
30
*29%:'
23%
Co
;
1
Corp„
No par
Corp^_——No par
Martin-Parry
.
*'
700
>
(Glenn L)
Martin
3,200
'
No par
Marshall Field & Co
.
:
49%
,17%
17%
'
30%
Market
9,200 :
19%
19%
V
6%
23'A
6%
•
30
31
*30%
20
6%
49%
6%
*106%
'•
19%
8,200
15%:
15'a
•
*171 V
i 50%
31
.15%.:
.
'
23%
23%
49%
*106%
18
15%
*171
49%
31
-
*29
49%
6%
*106%
,
*171
49
49%
6%
19%
19%
*170%
*170%
■
•15%'
19% : 20%
•
24
•
,
Marine
4,170 -
6% A
6%
<n- -6%
6%
6%
.
1
Midland Corp
—_5
St Ry 6% pr preferred—100 V
Maracajbo Oil Exploration
.
13,600 '
f
16%
15%
•
1,500
,
'
V 16%
»16%
:
,,
6
";\-.5%
x5% ■(,. 6
15%"
19%
V
4
6'A Jan
2
14% Jan 8
1% Jan 27
3VaJan 2
9
Jan 5
9% Jan
2
18% Jan 7
No par
25
Manhattan Shirt
400
18%
1
Bros
Jan
23%
131
Dec
122
26%
May
24% Mar
320
Mar 15
3% Jan 2
—
Co
Sugar
Mandel
9%
18%
2%
2%
2%
// 5%
5%
Manati
16,600
8
10
6
17
14% May 19
18'A Jun 14
—10
Jun
,37
2
18'A Jun 14
No par
Copper
Mahoning Coal Co—
Jan
28
No par
Magma
'
'
eva
'
1,900
320
*9
18 Va
"18%
100
,.
18% /Z
7% ;
8%
*9 /:•:-■
18%
*18%
2%
8%
9%
*9
Macy (R H) Co Inc
Madison Sq Garden—.
12%
*290'
f
320
8'A
7%
7%
*9 >:
Mack
7,000
12%
;
—No par
Trucks Inc
2,300
:
>18%
19
i
*290
320
*250
320
*250
;'Z 18%
<18%'
1"
13
*12%
13
*18%
18%
18%
Z*2%' / 2%
6
•
28 Va
May
135
/135
-100
28%
33%
28 Va
*12
8%
f
,*9%
18%
*18
.
7%
'•
34%
28
18%
18%
•
320-
*250
8%
8%
19
33%
28'A
13%
*12
13
18%
19
*'
34%
28 '
28%
1512 %
34%
35%
29 %
29
20% Jan 8
Jun 17
Forbet—10
preferred
6%
10
33%
"
35%
'
MacAndrews
'
400
138
*132!."
•" 135
135
135
*127
135
*127
135 •>!
*127
-
/
v
,
Sep
39%
Dec
'110%
Dec
30%
Feb
11**
Jan
20-,-
Jan
Dec
109%
Jan
23% May
32%
Feb
Jun
12%
Oct
6%
THE COMMERCIAL & FINANCIAL CHRONICLE
2320
NEW YORK STOCK
LOW
Saturday
Monday
Tuesday
June M
June 15
STOCKS
June 1(5
$ per
per share
$
share
21
21
20
55
53%
55%
23
22
193/4
20%
55
*22
22
11%
24%
24%
24
119%
X116
116%
120
Xll8
118
119
♦117
Y
7
l3/a
l3/a
l3/a
1%
4
3%
3%
1
Ml
1
*3%
*
it
lVa
1%
3%
3%
3%
22%
223/4
21%
22%
213/4
213/4
377
37
37
37
35%
35%
:,
22
180
1%
1%
3%
*3%
1
Ml
22%
22
36%
36%
22%
22
36%;
179%
180
179
180%
180%
180
180%
; 179
117%
♦116%
117%
116%
116%
116%
116%
117
117%
*117
15%
14%
14%
56%
55%
56
*55%
56
55
15 %
15%
14%
*55%
56%
*55%
55
56
"55
100'/a
13%
15%
19%
19%
19%
197/a
7
15
15% V
55
55
55%
55%
*115
19%
20
15%
115
115
19%
20
*36
39
:/
Y
5%
5%
5%
5%
5%
5%
77 5%
5%
X40 %
40%
*39%
40 ye¬
40%
40%
39%
39%
*39
11%
11%
ll %
11%
11%
11%
11%
*11%
11%
'
18%
18%
18%
18%
18%
18 3/8
18%
183/4
18%
18%
18
18 3%
7
46%
48 Va
46%
47%
48
49%
48 3%
49
47%
6%
1 Va
6%
6%
5%
5%
5%
53
% Jun
S
Dec
16%
80
May
Dec
110
.
Feb
54
Jan
23%; Dec
j7c Jan
2
2% Mar
ssa
Jan
6
Mar
%
1% Mar
%
20% Jan
14
26% May
23
Jan
7 162% Jan
Sep
Oct
Jan
5,
113
8
Y 118
5
Jun
143
9% Jan
7
16% May.10
49'% Jan
5
56% Jun
—50
30% Jan
23%
192
Mar 7
'
116%
Sep
6% Mar
39
11%
Jun
8
Nov
Jan
53
Apr
14% Apr
Jan
48% Jan
5
39 y
Apr
1
9% Jan
2
8
9%
Dec
14
91% Jan
6
100
May 25
85%
Apr
96
100
73/e Jan
2
4%
Jan
No par
2
No
7 107
Jan
16 % Jan
18% May 6
115% May 27
20 aA May 12
Co
60
36
50
No par
50
Preferred
600
par
Telegraph
Norwalk Tire & Rubber
1,600
Jan
52%
-
4
50
Aviation
Norwich Pharmacal Co
.
56
7
19
Jan
40
x3% Jan 14
31
-2.50
Jan
15
8% Jan
6
11% Jan
13
7
Feb
100
Apr
/
8
Jan
Jan
8%
Apr
110%
;
17%
Nov
Sep
Dec
'
15
5% Jun
6
Dec
Mar
108
7
—50
Jun 7
15% Apr
183% May 19
2
Jan
19
Jun
37
Oct
a
Jan Y
4
2%
%
4
.
Feb
109
■
Northwest Air Lines
2,100
40
*11%
6
;
100
preferred series
American
Northwestern
41%
/
76%
Apr
Dec
tNor States Pow $5 pfd
39
11%
Jun
10
Northern Central Ry
Northern Pacific Ry
40
*41
5V2
53/4%
118
28 Va Jan
100
preferred-.
preferred series
North
33,800
19%
'v
*36
15
115%
19%
39%
5,900
♦11%
■
8%
2,800
11%
*100
15%
*115
20
19%
55
100%
15%
115%
;
900
•
22
Feb
Feb
77 15% Jan
May y
1
North American Co
14,400
:
100 %
11%
11%
*100
15%
54%
55
11%
100
7*35 77
39%
55
12
15
115%
19%
55%
11%
100
15
*35
39%
•35
39%
♦39
15%
55
11%
*115
115%
14%
55
4%
Jan
4
123A
60%
Y
5
tNorfolk & Western Ry
tAdjust
4
A Jan
part stk
610
'y Y-
■
22
Jun
•
1% Jan
Koblitt-Sparks Indus Inc—
180
14%
100
14%
15
*115
115
115
11%
100
100%
*100%
15%
♦100
12
11%
12
12
55
;
180
Apr
,
100
900
118
15
12
27
120
101
' /
Dec
10% Jan
2
7
17%
51
11% Jun
35
7
4
Highest
{ per share
100
N Y Shipbldg Corp
2,600
:
26
5
May 22
Apr 26
_100
preferred
.
27
16% Jan
100
IN Y Ontario Si Western
600
22%
36%
Conv
1,200
,
•Ah Y'Y
36%
v
180%
180
me%
3%
27
1942
$ per share
63% Jan/
.
50
IN Y N H & Hartford
6,200
24% May 20
643A May 20
Jan
143/e Jan*
63/8 Jan
;
par
50
non-cum
$ per share
31% Jan
JVo par*
preferred
tN Y Lack & West Ry Co—_
410
;
1%Y
>
.10 ft
10
v
No
Year
Lowest
Highest
•
11
'
100
,100
No par
preferred
Since January 1
$ per share
Par
N Y Si Harlem RR Co
710
-Y,
•:/v'
,
preferred series A
5%
500
49%
il
6%
700
v
Range
'Lowest
• 7 "
NYC Omnibus Corp
New York Dock
500
v
Range for Previous
STOCK
N Y Chic & St. Louis Co
8,100
120
1%
3%
•
26%
119 %
*112%
120
.
?
11 %
*24%
117
49%
3%
*35%
•21%
*10%
YORK
EXCHANGE
■
2,400
58 % V
49 %
7 1
Ml
11
NEW
7,
Shares
22
49 %
\
1%
1%
1
*12
■7,.'
'
21%
116
*112%
49
49
49%
57%
26%
116
120
*112%
120
21%
58%
*24%
116
$ per share
22%
11
24%
24%
116
Sales for
the Week
22
55
*21%
11
10%
10%
*49
50%
50%
21
56%
22%
116
115
*112%
50 3/4
54%
*21%
24%
24%
24
49
Y
*9
10%
10%
*10%
55
22
$ per share
20%
20%
20%
22
53
7,
June 17
$ per share
share
per
Friday
June 18
Thursday
Wednesday
June 12
1
RECORD
PRICES
SALE
HIGH
AND
Monday, June 21, 1943
7
31%
7
45
Apr
7
12% Mar 25
1
38
Apr
Jan
:
20
Mar
3%
Feb
Dec
34
Oct
10%
7 7% Sep
Jan
O
48%
48%
IVa
89%
*9%
;
893/4
■
%
8%
7
35
58
■
■
88%
87
87
9
77
*8%
20 77
20%
9
9
20
*55
60%
60%
59%
59%
113/4
113/4
11%
*149%
36%
*33%
57%
*55
57%:;
150
603/4
60%
11%
11%
11%
60
113/4
60% 7:
113/4
60%
11%
7:711%
593/4
77
113/4
7
57%
6ft
7:
2
-100
—
69
No par
No
preferred
tOutlet
20
Owens-Illlnols
1,400
2
Co—
5
15
38 Y Apr
22
12
58
Apr
12.50
59
Jan
Y
Jan
2%
Apr
132
Jan
79
-
Jan
4%
Jun
17%
Dec
•
Mar
xl6%
143%
Sep
•43%
Apr
27%
Jun
42
603A Mar 12
Deo
Dec
6%
Y
11% Mar
24
Jan
54 Va Jan
1.2%
30%
Apr
Jan
2%
8
46
Pacific Amer Fisheries Inc——8
Glass
Jan
6%
17
21% Jun ■ 2
Mar 19
151
28% Jan
par
3,900
2
8
142
5
-———No
Jan-
3 % Jan
15% Jan
par
_100
Co——
19% May 8
50'A Jun 10
8'A May 22
Mar
4
90
7
10% Jun
6
3"% Jan
Outboard Marine St Mfg..
300
7
29% Jan
6
Otis Elevator—
40
36%
57%
V
par
—No par
(The)
8ft preferred AOppenheim Collins
700
3,600
149%
*34
-
No
Omnibus Corp
5,400
7Y 60
/I'':
9
Oil Co—
Oliver Farm Equip
2,900
,77.'
86%
149 %
36
*55
7
20% 77
20%
150
*33%
60
59%
11%
*149%
57%
•
.#84%
777 9
20%
37
7*33%
48%
;i
7
7%
7
150
150
150
7%
*87
77,;
193/4
*55
7
6%
8%
19%
35
58
88%
8%
20%
150
v i
37%
*55
*87
,
8%
193/4
150
*35
87
X87
•.
9%. 7 •7
20% 7
20%
*149%
>■':
7%
Ohio
26,100
48
Mar
Apr
7573/4
Dec
Dec
P
10
103/4
46
46 %
22
22
15
143/4
143/4
29%
29
29%
28%
41
41
41
25%
263/4
25%
113/a
*44
46
*22
23
*143/4
7
"
29%
.
7
42
♦41
26%
26%
*113
53/a
5 3/8
14%
35%
3%
*433/4
26%
;*18%
?
;
*5%
253/4
152%
36%
*93/4
:
10 3/a
42
433/4
42%
*105
'
25%
26%
30
;.;29v
*42
v.:
—
90%
:--2 :■"'■■■
2
500
100
18%
26%
2%
2%
2%
31
31%
31%
31%
31%
31%
18
18
18 3/8
18 3/8
*18'/a
183/a
2
31%
18%
*18%
^
5%
5
5
5%
5
26
26%
25
25
25
55
56%
55
55
56
56
90%
90%
90%
90%
90%
90%
90%
X24%
500
5%
1
5%
73/4
73/4
73/4
3 Va
33/a
*33/8
*16%
17•
Y xl6%
16'%
28%
29 Va
28 %
24 %
*23%
17
24%
57%
28
16%
16%
108%
108 Va
285/a
287/a
24
24 %
24%
800
58
X57%
57'A
$7
22,100
110
28%
29
283A
29
24%
*23%
600
■717
*16%
*108%
28%
:
Y
24
24
24
5ft
10
57%
56%
57
57
57%
5%
*5%
5%
*5%
53/a
5%
200
41%
42%
41%
42%
42%
43%
43
43%
42%
43%
7,600
13%
13%
13
13%
12%
13
13%
13%
13%
13%
14
14
1,100
51%
51%
51
*48%
*35%
36
35%
*24
25%
24 Va
51%
24%
♦24
51%
51
35
35%
25%
8% 7:-9y7
*9%
9%
9
9%
8%
9
*77/a
8
7%
7%
7%
7%
7%
23%
24%
23%
24%
23%
45 Va
45 Va
45%
45%
24%
24
y
*24%
77 9 Y,;
Y
7%
73/4
24
233/4
25%
9%
53
37
*24%
35%
*24
52
*34
51
35
25%
34%
51
34%
*49
35%
25%
77/97 7
7 3/4.
400
No
24 3A
23%
24
453A
-
par
100
50
5
453/4
100
100
—100
Pfeiffer
of America
520
No
84
84
8 4 3/8
7 84%
84%
84%
340
24%
23%
24
24%
243/4
24%
243/a
24%
24%
5,000
Philco
*88%
89%
*88%
89%
88%
89
87
88%
81%
87%
86%
87%
2.100
par
Philip Morris Si Co Ltd
110%
1103A
110 3/4
110 3/4
160
111
116%
Y
111
♦114
*111
113
116%
111
*109%
*114
*114
116%
*10%
11
*10%
11
*10%
11
*90
95
*90
95
*90
49%
"5%
6%
49%
49%
5%
24
24
*98%
6%
*54%
*13%
3
*8%
♦80
6%
54%
51%
55
8%
8
8
■> *75
78%
13%
*13%
14%
175
175
*158
6
52
*7%
*75
13%
*158
-13%
~6%
9
95
•y
6
"6%
Y
8%.
8% y
95
*82
5%
8%
8%
*5% 7; 6
*98%
6%
53
*7%
*75
•13%
*158
4834
90
*87
24%
*24
120
6%
53
53
8
14
*66
68
*66
V *13%
*161%
170
4%
5%
57
57
55%
57%
45%
45%
45%
46%
*20%
20%
20
20%
14
4%
47/a
55%
55%
45
45
*19%
20%
*22%
23
*22%
23
23
23
12
11%
12
11 y8
11%
16%
12%
13
16%
16%
16%
163/4
11%
12%
11%
11%
*11%
12%
*11%
123/4
*36
38
38
38
56%
56%
55%
119%
119%
15%
15%
147/a
85%
85%
85%
■
56%
120
*36%
55%
38
56%
14
*161%
4%
543/4
*45
20%
14
47%
68
14
170 7
4%
54%
53
533/8
453/4
453/4
45 3/4
20%
20
20
*223/e
23
113A
*11%
11%
16%
17%
16 3A
16%
12
12%
12
12%
11%
12%
*113/4
*11%
38
56%
12%
*11%
38
39
56%
39
56 %
56%
*37%
56%
39
15%
14%
15%
15
86%
85%
85%
85%
853/4
84%
85%
85
•
15%'
85%
100%
100%
-
122
100%
100%
100%
108 V*
108 %
108%
108%
108%
1083/4
108
108'/a
120%
121
120%
120%
120%
120%
1193/4
121
116%
*115%
116%
116%
116%
116%
117%
1173/4
118
36%
36%
363A
36%
36%
page
2323.
I 35
100%
100%
36%
*119
1003/a
,108
120 3/3
122
108%
5ft
5ft
•
13,600
■
Pocahontas
conv
Si
pfd
t$5
preferred
t6ft
preferred.
118%
230
36%
14,000
.
par
.
100
.No par
No
preferred—
preferred
•
,a—50
—No
—
;
5
par
—>.100
;
100
•
—:_100
tPub Ser El & Gas pfd $5—No par
Pullman Inc
1
No par
■
1%
1%
Jan
11
May
15
Aug
104
May
108%
Feb
25%
Nov
4
16% July
23%
Jan
36
47%
Dec
11
Apr
Va
Jan
8
10
Jun
4
4
Apr
6%
Dec
8
29%
46%
86
26%
90%
Jun
2
5
Mar
6
Jan
Mar 29
,22
Dec
323/4
Jan
Apr
6
Apr
8
Jun
1
Jun
3
Jun 14
'28%
111
1173/4 Jun
28
20
36
Apr
513/4
Feb
20
18
May
29%
Jan
19% Jun
27%
Jun
49
763/4
Jan
*14%
Dec
Apr
May
98
107% Mar
110'
43
9
80
Oct
46
Dec
Feb
May 3
Mar 30
26%
65
Dec
Nov
Jan
19%
Oct
May
3
4%
Sep
Apr
38%
4% July :
563/4
6%
Dec
68
7% Apr
7
9
20
7
11
19
12
31
29
Jan
33/a
May
15%
5
Nov
May
Apr,
1%
14
Dec
May
30
Jun
79
Jun
6 Va
Apr 26
May 3
165
10% Nov
Feb
33/4
4
165
May ;
165 r.
175
Dec
May
Oct
Jan
Jan
Feb
Feb
5%
63^
,
Jan
Jan
47%
Apr
20
Jun
33%
Jan
,58
Jun
70
Feb
6%
153
Jun
7 62 i
10%
.
153
July
_
Oct
Jan
July
May 29
Jun
Jun
1
14
May 12
Apr. 5
Jun
1
22 % Mar
Jun
Jun
18%
Oct
3% May
5%
Jan
9%
Jun
4
Jun, 3
.
Jun . 8
Feb 13
17% Apr
5
88% May 6
101% Apr 6
1103/4Apr 5
126% Apr . 6
119
Mar 30
38% Jun - 4
,
Jan
5%
133/8 May.29
13
40%
57%
123
;
11%
715%
3
6
>
Jan
Apr
103
4
18
Jan
Jun
65
May
Jan
May
Jun
May
May
May
Mar
Mar
May
40%
Apr
Jan
55%
Jan 29
77'A Jun
7%
7%
May 18
59
9
Oct
Dec
4
90
8
30
18
26
May 7
102
Jan
8
7% May 20
8
2%
153/B Mar
7
12 *
92'A
50
7%
Jan
63/8 Jan
Jan
44
Jan
6% Jan 14
243/4 Jan
4
48% Jan
4
1143/4 Apr
7
11% Jan
6
75% Jan 20
85% Jan
2
96% Jan
4
109% Jan
4
115% Jun 4
26% Jan
2
'
Sep
2
Jun
18%
4
Y 15%
9
170
Jan 21
181
Jan
4
.
6%
Jan 13
Y 10'/4
Jan
5 y
88
Jan 13
52 Va
66
Jan
4
75
7% Jan
2
16%
150% Jan
4162 .
l3/4 Jan
8
53/4
29
Jan 30
61%
20
Jan 28
46 %
14% Jan
2
21 %
18
Jan 18
23%
4
Jan
7
13
•
4
Apr
Jan
32
Mar 26
26% May
16% Jun 14
1
;
of Feb 1 '29)
t7ft
;
par
—
2d preferred
t8ft
780 ;
f
Dec
5
175
4
4%
59%
24
preferred—No par
Gamble—
1 ser
•
No par
1st preferred
conv
290
36%
No
i
590
118%
100
5
Pub Serv Corp of N J—
-
1,630
1
Creek
Procter
4,700
40
100%'
120%
5ft
400-
563/4/
14%
*119
..100
•Pressed Steel Car Co Inc
9,000'
15
7
preferred—..
•
preferred.——
Postal Teleg Inc
2,600
12
-
1
Poor Si Co class B
2,000
16%
B
Pond
100'
12%
A
(The).—
Plymouth Oil Co
1,200
14%
120
120%
For footnotes see
16%
Co.
Class
220
22%:
113/4'
15%
120
107%
35
113A
122
997/a
36%
*223/8
-
100
100
—100
1st ser conv pr pfd
Class
790
'
preferred class B_
preferred class A
Pittston
2,000
v-
5ft
Pittsburgh & West Va„i
100
Pitts Young & Ash Ry 7ft pfd—100
300
43/4
7ft
5% ft
60!
143/8
453/4
23
No par
'
_
170
20%
>
453/4
11%
*22%
'
*523/a
56
Pittsburgh Steel Co
700
520
Dec
82
6% May
45% May
16% May
58% May
413A May
4
170
100
3
Oct
60
5
9% Feb
1
—100
preferred
Nov
29%
Apr
24% Jun
583/4 Jun
,
No par
"
68
7ft
1%
Jan
56% May
11
173/4 Mar 26
34% Jan
6
5
Jan 25
59
Jan 14
..100
No par
A Mar
13 3%
32% Apr
18
102
No par
Pitts Screw Si Bolt
•
43/4
43A
/■'. r
5,700^
83A
43/4
20%
~io-
47%
*66
preferred
Pittsburgh Forglngs Co
Pitts Ft Way & Chic Ry Co
100
95
47%
*13%
6ft
*
6%
;
*83
*161%
107%
36%
6 'A
14
120%
*116
175
180
170
*161%
Pitts Coke & Iron Corp
*
100
$5 conv preferred
133/4
*13%
*158
8%
Pittsburgh Coal of Pa_
Jan
18% Jan
Jan
3% Feb
70
25
Mar
Dec
17% Mar
109% May
7
100
Jun
Jan
29%
"
44
4
33A Mar 26
44
20
5
1,100
: 7
8
9
Mar
72%
19% Apr
13% Aug
6% May 22
May 6
15
Apr
No par
8
May 20
60%
91%
13/a Feb 17
79% Jan
5
44
Jan 20
3% Jan 16
100
78%
23/4 Apr
29
109 V2 Jan
100
2,100
1,600
53%
Jan
106
•
100
No par
Pitts C C & St Louis Ry Co
53%
8
100
—
Flour Mills—
Pillsbury
300
63A
*75
series
series
Preferred
10
t
24
*118%
100%
X100
9
47
14
5%
"6%
95
100
63/8
:Y
10
preferred——
Phillips Petroleum
Pncenix Hosiery
120
180
*83/4
48
170
14
175
5%
83/4
*47
:
'.*13
83/4
8
*13%
47
*161%
14%
Y:
63/8
78%
*158
47
68
tPreferred 4%ft
10,800
90
24
*98%
3
*7ft
6
*5%
No par
Phillips Jones Corp
49%
*87
120
♦178
*6%
Y '-
53 Va
8
*75
175
6
24%
6%
78%
48%
49%
90
*98%
*83
*657/a
170
6
*53/8
;
95
68
*118
49%
*83
68
12%
493/a
Y
Corp
t4% ft
95
95
68%
16%
*90
*83
68
*12%
95
C~6
46%
12
*90
*178
46'
5%
95
8
47
*14
*90
53
175
t$6 preferred
11
6 %
46%
*161%
*10%
*24
*378
*178
tPhiladelphia Co 6ft
116
11
*87
78%
*114
*10%
24%
,
116
*84
11
90
120
*98%
45 s/8
*10%.:
,
*178
6%
*24
120
6
6%
78%
8%
*75
*158
*98%
*114
116%
*114
6
*87
24%
24%
120
?J.'
49%
*5%
90
90
90
*88
5%,
49%
111
111
95
49%
45%
1 Va
Jan
37
Jan
4
68'A Jan
2
133/4 Jan 14
71
Feb 20
45 %
84
23%
*83
Oct
Jan
50
45%
84
24%
'
17%
17
preferred
45%
84%
Dec
Nov
Apr
23% Jun
24%
38
101
bet
25
84%
Oct
Apr
Mar
ll3/4
j,
45%
90
14%
23
Feb 20
6% Jan
4
5% Jan 12
5
Brewing Co
Phelps-Dodge
Corp.—
17,000
.
Dec
27% May 10
l3/8 Jan
5
Jan 12
Jun 14
80
Jan 11
3% Jan
6
•
13A Jan
6
33 % Jan
4
13 Va Jan
6
108'A Jun 18
23% Jan
2
17% Feb
9
463/8 Jan
9
l3/4 Feb
9
28% Jan
6
5% Jan
6
34% Feb 18
19
Jan 27
No par
Petroleum Corp
27
Apr
30% May 27
55
No par
Pet Milk Co—
200
Oct
377 Oct
12
23
1
1,800
20%
19% May 22
No par
Co
6%
18
32
10
Corp
RR
2,300
9
7% ■7- 7%
113/4
11
7
10
Marquette Ry Co
•5ft prior preferred
5ft preferred
700
■;
Jun
45
105% Jun
7
par
Pere
6
2
2
No par
Cement
Pepsi-Cola
*5%
6
10% Jun
1% Jan
100
*5%
•
16
100
56 V2
5%
427/a
16
21 Ve Jan
IPeorla & Eastern Ry Co
2,000
58%
Jun
36Vi
1
preferred
5%
Nov
9
Jan
1%, Jan
8
17% Jan 22
—2.50
Peoples Drug Stores Inc
Peoples G L & C C (Chic)
'
4
Apr
par
No
pref ser A
42%
58
15% Jan
1
Co
Pennsylvania
1 % Mar
5%
5
35'A Jan 12
100
Jan 22
par
—.1
Co
Coke
2
Oct
Jan
Inc—
Penn G1 Sand Corp
200
:;-y
Coal Si
conv
Nov
Dec
100
Transportation
Penn-Dixie
3,500
41 Va
*108V4 110
17 •/<::
*16%
110
29%
♦23%
*16%
*108'A
*108%
*109%
Penn
900
3%
:•
*40
40
40
41%
*40
40
I
73/4
7 3/4
3%
4
2
No par
7%
148%
23/4
Penney
3%
Apr
8%
1,900
7%
121
106%
91%
3%
Jan
May 8
6% May 10
17% Apr
6
156
Dec
903A
3%
101
Jan
No
7%
19
Apr
Sep
Parmelee
3%
Jan
-.
1
Patino Mines & Enterprises
Penick & Ford
7%
Apr
133/4
74
3% May 19
600
7%
Nov
22 %
11
Jun
"
No
Parker Rust Proof Co
(J C)
34
18
Jun
28% May 24
101
3,000
v
Nov
112% Apr 17
3,800
90 3/4
90 3/4
24%
2
25%
3%
39%
Inc
&
Apr
15%
Oct
2
55%
3 %
39%
Davis
Nov
16
25
8
39%
Parke
3,800
■:
21
Jan
I Park Utah Consol Mines
5,200
18%
Jan
7% Jan
preferred
Paramount Pictures
Oct
7
Oct
105% Jan
55%
5%
8
40%
Y
Cos
conv
16
—5
1
Park As Tilford Inc—
200
32
4ft
Apr
pfd.100
25
24%
*55
3%
40
>
9%
11
42
2
Jan
25%
20
115
23% Jan 20
5
56
5 3/8
5%
26%
2
,
American
Paraffine
19,100
73£77
;
2
31%
is
2
6,800
3% Jan
par
6%
Apr
29% Jun
5
2% Jan
—10
No
Jan
8% Jan
Apr
16
16% Jan
5
9
1
Corp
Car—
13
Mar 15
148
4%
29
50% May 20
25% May 20
Jan
4
19
Jan
2
91% Jan 25
100
6% Mar
Mar 25
13% Apr
-
33
100
Panhandle Prod Si Ref
42%,
26%
par
tPanhandle East P L 5.60%
1053A,
*29'A
31
23% Jan
par
Airways Corp
Pan-Amer Petrol & Transp
280
42%
26%
*29
31
25
No
Motor
5
10
—No
13
2
5
10
& Teleg
Western Oil
Pan
105%
105%
26%
263/4
26%
*29
29
43
105%
Pacific
20,800
33/e
par
preferred
Packard
10%
3%
No
Pacific Tin Consol'd Corp
200
7% Jan
.
6% Jan
23% Jan
14% Jan
.—10 7
No par
Corp
Telep
46,300
111
110%
3%
*42%
42%
*9%
10%
111
3%
*105
25%
'
*10
35%
t6%
18,100
4% %
35% :
Co
Mills
tPacific
70
15
43/e 7
36%
36
3%
3%
*14
4%
Ltg
Pacific
160
151% Y
5%
53/a
53/a
15
xllO%
111
111
3%
;/
10 3/a
no;
■
111
3
5%
*14%
Pacific
1,900
;
Coast
preferred
preferred
Pacific Finance Corp (Cal)
Pacific Gas & Electric—
1,100
253/4
115
*151
77 4%
35%
111
152
14%
*14
253A
25%
115
5 3/a
5%
53/8
14%
-
42
41%
41%
115
31
;
31%
5%
152
57
26%
*56
4,900
151
113
35 Va
*29
-
27%
27%
113%
113
343/4
77Y: 2
2
2
31%
41%
26%
4%
-
—
41%
26
4%
x25 Va
26%
31
*29
41
25%
4%
*105
400
28%
4%
3%
43
44% 7.
*105
153/8
28
28 3/a
5%
103/4
3%
33/a
*15
28%
28 3/4
41%
7- *14
111
*1103/4
111
'
2d
15
353/8
*93/4
7
10 3/4
*10
*110%
80
15
4%
34
22%
15
*143/4
154
5%
34%
*213/8
*21%
*152
4%
223/8
22%
154
77;
1st
22%
Xll2%
14 %
4%
70
22
113
5%
4%
443/4
46
*
Pacific
620
443/4
*44 3/4
15
,
11
*10%
10%
10%
46
22
15%
■v
10 3/a
453/4
*153
'
710%
46
112
154
*14%
10%
*43
114
115
*153
7
10%
*14%
*10 3/4
7:
Jun
21
42
Feb
<
Feb
9% Jun
Jan
Sep
8%
6% July
22 Va Jun
115
14%
Jan
8%'Jan
29%
.
523/4
122
,
Jan
Oct
Oct
14%
Jan
Mar
863/a
Jan
73% Mar
62
.
x99%
Jan
779% Mar
111
Jan
Mar
123
Jan
111% Mar
116
Oct
99
203/4 July
28% Nor
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4187
157
Volume
RECORD
NEW YORK STOCK
LOW
Saturday '/
$ per
$ per
share
17%
17
107'/a
108
10214
20
♦13%
108
,
17%
17'/a
108
108%
103
102'/2
19%
19%
♦19%
103%
19%
19%
20%
13%
13%
13%
13%
13%
13%
200
*13
100
104% Feb
3
100
92% Jan
2
104% Jun
-No par
13% Jan
2
21% May
7
Highest
.10
1014 Jan
4
13% Apr
6
8% Mar
4% Jan
2
12% May
4
693% Jun
4
$ per share
9% Mar
(The)
preferred
conv preferred
Purity Bakeries
2,100
*1314
2
11
1912
S per share
5%
1,800
19%
_No par
Year
$ per share
6%
600
108
$ per share
Lowest
1914 May 4
109 ' Mar lfl
Oil
Pure
12,600
'102%
19%
102
17%
108
Range Since January 1
Lowest
Highest
Par
103%
103
Range for Previous
STOCK
YORK
EXCHANGE
Shares
share
17%
17%
NEW
for
the Week
$ per
share
♦107'/a
108
Sales
Friday
June 18
17%
17%
108
13%
♦13%
$ per
$ per share
1025/a
102%
197/a
13%
June 17
share
17
108
-
Thursday
20
♦102
102'/2
197/a
$ per
share
17%
rlV/2
107.%
Wednesday
June 16
/
June 15
June 14
June 12
STOCKS
HIGH SALE PRICES
AND
Tuesday
Monday
2321
Quaker State Oil Ref Corp.
Jan
14
7
Apr
11%
90% May
80% Jun
106%
7
Dec
Dec
92%
Dec
14%
Nov
;
10%
Oct
R
11%
105/a
11%
68%
-
11
10%
11%
68%
683/4
/ Radio Corp of Amer
No par
$3.50 conv 1st preferred—No par
'
101
•1003/4
*1003/4
101
*100%
:
*100 3/4
101
101
"
V'.-
9%
29% 7
*29%
14%
29%
29%.
14%
•
133/4
14%
*293*
18%
*32%
33
*29
*32%
*29
30
,Y>5
75
%Y
29%
Mi'
,v
55
10%
*9%
19
19
*183/4
18%
17%
78
■
59%
59%
9%
9%
17%
8%
693/4
Y
.*12%;
"
32%
327%
*%
il
33
42%
*112%
*41
115
115
*110%
113
1
1%
2%
4
Jan
Jun
No par
100
Jan
2
6
133%
Sep
95'% Jan
6
101% May 24
X94'%
Jun
,-100
73% Jan
4
17%
100
30%
37%
10%
83/4
33
%
'
*67%
25
♦24
3%
3%
14%
67%
70
10%
44
26%
26%
25%
*
14%
10%
10%
1%
26
10%
10
10%
*112%
113%
*112%
113%
35%
36%
24%
25
3i%
31%
31%
31%
31%
32
13%
13%
13%
13%
13
13%
•112%
113
36
33%
34
24%
24%
24%
3%
3%
3%
3%
*24%
25%
24%
24%
29%
29%
X27 %
28%
149%
*144
*22%
22%
22%
22%
*127/a
13%
13%
13%
27
24%
26%
24%
44%
44%
43
*59%
29%
31%
31%
.30%
41
41
40
14%
x68
14%
14%
*69%
10
1%
7
800
230
190
3,600
24%
1,200
31%
32%
32
32%
32%
32%
4,200
W 13%
13%
13%
13%
13%
13%
32,000
3%
*25
3% 7 4%
3%
25%
28%
*24%
28%
28%
3%
4
25
25%
28 ,5,
22%
22
223/8
13
12%
5%
25%
26%
25%
26
26%
44
44%
*59%
5%
5%
5%
*4%
*46
31
39%
39%
58
5%
5%
*58
5%
ri¬
se
114%
7
*111%
114%
*64%
*64%
*115
*113%
116
*115
30%
40
,
59
59
283/4
5%
593/4
53/4
58,600
14,800
44%
3,500
5%
*46
/
60
53/4
5,200
5%
1,500
1,300
Spencer Kellogg & Sons
Sperry Corp
Spicer Mfg Co
6%
47
220
35
353/i
36
13,900 7
49
36%
115
114%
900
*115
1153/4
7%
7%
7%
7%
8
111%
111%
*111%
112
v
80
115
1%
1%
1%
1
1%
1
1%
3%
3%
3%
3%
33/a
3
3%: 7
22%
24%
24
247%
1153/4
7%
:
8
74,700
112
100
1
1%
17,200
3
3%
14,000
24%
24%
3,800
27%
263/4
28%
27
27%
28%
29%
28-%
30%
28%
29'A
10,000
38%
39
38%
39
37%
38%
37%
38 3/s
37%
373/4
36%
375/b
17,300
33%
34%
33%
33%
33%
33%
34
34%
34%
343/4
34%
343/4
8,600
563%
55%
56%
56%
56%
56%
56%
56'A
563/4
43
42%
42 3/a
42%
42%
425/a
425/8
423A
43
8%
8%
83/8
83/4
8%
83/4
8%
56%
43%
42%
8%
8%
83/4
83A
18,400
1,400
19,100
30%
30%
30
303A
*29%
30% 7
29%
29%
*29'/a
303A
*293A
30%
600
63
63%
63
63'A
623/4
63
62
f.
62%
613/4
62'A
60%
61%
4,400
13%
14%
12%
133/4
13
13%
13%
13%
13%
13'A
13
13%
7,200
Inc
$4.50 preferred
12%
*54%
9%
9%
93A
9%
10%
24,600
Stokely Bros & Co Inc
9%
93/8
95/8
9'A
9%
11,000
8tone & Webster
12
12'A
"15,400
Studebaker Corp (The)
54%
54%
600
128%
20
6
6
i
* 19 %
20%
113/4
12%
54%
127%
5%
6%
55/a
5%
18%
19%
19%
193/4
3%
3%
*78%
78%
77%
33/a
3%
78
3%
*75
33/8
77%
29
29
*29%
X28
29%
*28
29
31%
*29%
31
*29%
30%
*12%
12%
26%
26%
For footnotes
12%
12%
12
26 3/a
265/8
26
see
page
2323.
12
26%
12%
*54
126%
53/4
20
3%
76
28%
*29
12%
55
126%
5%
20
3%
76
29
30%
12 %
54%
*126
5%
20
3%
*75
12 3/a
55
128%
5%
20
33/a
77
*126
5%
6
4,500
193/4
20
1,500
3 3/a
75
3%
4,800
75
700
*28%
30%
28%
28%
293/4
293/4
*293/4
30%
100
*ll5/8
12'A
600
2 6'A
26%
3,200
113/4
113/4
*11%
26%
26%
26%
12
26%
:
900
Sun Oil Co
Class
A
pfd (4%%
cum)
Sunshine Mining Co
Superheater Co (The)
Superior Oil Corp
Superior Oil of CalifSuperior Steel Corp——
Sutherland Paper Co—
8weets Co of Amer (The)
8wift & Co
133A
Nov
47%
Nov
36% Mar 30
23
34%
Jan
ivl
No?
Sep
18
Jan *4
43
28% Jan
2
16
7/
May 29
May
13/4 Mar
1
A
Jan
3% Mar
1
%
Jan
Jan
16
9
7% Jan
9
13
Jan
7
42% Jun
5
105% Jan
7
112% Jun
11
93/4 Jun
8
193/4 Jan
12
■
4
35
Dec
Mar 11
2
Jan
8
5
Jan
10
Sep
29% Apr
44
Jan
110
Jan
Mar
;
104
7%
Jun
Sep
12% Mar 26
x9%
Dec
19%
Jan
373/4 Apr
123/4
Apr
21%
Dec
19
May 26
78
May
98
Oct
25
% Apr
39
Dec
109 % Aug
116
Jan
106%
96
Jan
15
105
38
Jan
9
43
Feb
1
Feb
16
Mar 23
4
115
1073/4 Jan
23
112
113%
Dec
A Jan
2
2
Mar
1
%
Jun
A
Feb
% Jan
2
4% Mar
1
3/«
Dec
.1%
Sep
17%
Dec
111
May
Jan
16% Jan
4
26% Jun
1
10%
Apr
Jan
8
4% Jun
10
13A
Deo
59% Jan
12
78'/a Jun
11
10% Jan
13
16 3/s Jun
7
4%
Jan
11'A
Dec
1614 May
4
8
Apr
10%
Nov
18
52
Dec
60
Jan
2
No par
1
9
Jan
7
3% Mar
43 % May
54
No par
No par
8% Jan
20
1614 May
643/4 Jan
7
73% May
53/4 Jan
8
10% Jun
11
44% Jun
16
62 %
4% Mar
7
Jan
6814 Jun
4
5
4%
54%
9%
Apr
8
Apr
Nov
Dec
Nov
66
7%
Nov
31% Jan
4
30% May
35
173/8 Jan
14
27
Jun
7
10%
Apr
18 3A
Dec
2 3/s Jan
5
5
Apr
7
2%
Jun
4%
Jan
16% Jan
2
28
1% Jun
5
1% Feb
18
21
2
26 3/8 Jun
4
No par
15
5
??:.
Jan
77
Jan
2
43% May
12614 Apr
Jan
6
118
19
Jan
19
28% Jan
11
30%
Apr
Oct
65
Apr
100
Jan
108
July
113%
Dec
15% July
203/4
Jan
36 3/4 Jun
11
9
15»/» Nov
Apr
25 J/4 Jun
10
16
13 % May
2
13% May 27
6% Mar
10%
Dec
2% Jan
2
1% Mar
2%
Jun
16% Jan
11
153/4
Jan
20% Jan
2
Jan
132
5
Apr
6
253/4 May 27
Jun
30
146;
15
:.
Jun
10
7
17
Feb
14
Apr:
17%
Jun
26 %
Jan
122% Nov
1443A
Jan
21% Jan
2
25
13
Apr
133/4 Apr
14%
10 3/4 Jan
12%
Jan
153/4 Jan
7
30% May
10
Jun
718 %
Nov
153/4 Jan
2
303/s Apr
12% May
18%
Feb
3514 Jan
9
493/8 May
2% Jan
23/a Jan
4
24'A Jan
9
Jan
2
35% Jan
7
3
,
39
Jan
50% Mar
1%
Apr
3
Aug
3%
1% Nov
Feb
Jun
10
31
Dec
59
July
17
17%
Apr
24
Nov
Dec
313/,
55
3514 Mar 15
18
Jan
V
2
32% Jan
Jun
343/4
293/4 Jun
26
57
Oct
23%
53/4 May 27
6
213/4 Jan
Nov
6 3/8 Jun
6
Jan
33
21%
Apr
9% Apr
Apr
66
42% Jan 12
21%
Jun
12
30
Sep
37
59"% Jan
26
49
Mar
60
41
614 May
,
4
513A May 6
373/4 Mar 12
115
Jun
18
v
Jan
Mar
Jan
4%
Jan-
293/4
Sep
45%
Jan
27%
Jun
383/a
2% Sep
108
114
Dec
40%
Apr
Jan
Feb
49%
Jan
49
Jan
10
66 3/s Jun
4
113
Feb
17
1163/4 May
6
109% Aug
113
Jan
4% Jan
2
Jun
17
Jan
7
111% Jun
16
2 3/4 Apr
89% May
5
100"% Jan
110
2% Mar 13
A Sep
8
10% Jan
28% Jan
40
Jan
Jan
%
Oct
Apr
2%
Oct
5% May
11%
Jan
13%
Jan
%
6% Mar 13
26% Apr
29
32% Apr 30
9
6
Apr
;
8
18
Mar
29%
Dec
28% Jan
35% May 29
20
Apr
29
Dec
46 % Jan
1
57% May 10
30%
Apr
47
Dec
25% Apr
40
Nov
22% Dec
343/4 -Jan
42
62
45 % May
f 37% Jan
7
25
May
Apr 29
Jan
2
26
91/2 May
May
60 % Jan
26
66
7% Jan
12
14% Jun
414
10% Jun
Jan
10 34 May
53/4 Jan
133/a Jun
5% Jan
1
7
18
7
5
63 % Mar 30
48 % Jan
122
•
5
31% Mar 31
Apr
Dec
Jan
8%
Nov
3% Mar
4%
Jan
4
63/4 Nov
5y8
Apr
3'% Jan
43
1163A
Apr
Apr
6y4 Nov
55%
128
Jan
Deo
Jan
4
73/8 Apr
1
33/a May
5%
Jan
May 28
11% May
15%
Jan
Apr
1%
Jan
9% May
16%
Dec
Feb
26%
Deo
127
Apr
33/4 Jan
22
12% Jan
4% May 10
1% Jan
May
1
7
583/4 Feb
23
82
143/a Jan
20
313/4 May 27
10
12%
26% Jan
4
3134 Mar 25
43/4 Feb
1
12 % Jun
5
23
22 % Jan
2
27% Jun
2
25
100
193/b
8
10% Jan
par
1
4
Mar 31
32% Jun
1% Jan
No par
Dec
Nov
2
par
par
par
100
27
4
par
No par
1
No par
100
1%
Apr
20% Aug
16% Jan
A Jan
par
%
Dec
17
15 % Jan
No par
1
11% May
'
111
No par
No par
25
25
25
May 29
Aug
103/4 May 27
10% May 21
25
7.50
10
5
1
Sterling Drug Inc
Corp
Stewart-Warner
9%
54%
21%
7
May
34% May
26% Jun
6
5
Standard Gas <te El Co
i.JVo
$4 preferred
No
$6 cum prior preferred
No
$7 cum prior preferred
No
Standard Oil of Calif
No
Standard Oil of Indiana
Standard Oil of New Jersey
Standard Oil of Ohio
Standard Steel Spring
Btarrett Co (The) L S
No
9%
*125
Feb
49'A Mar 19
7
115% Jan
No par
No par
9%
123%
8
NOV
Standard Brands
$4.50 preferred
9%
55%
Nov
6»A
100
No par
No par
9
127%
9%
6
9
12
9
Apr
Jan
28
95%
55%
Apr
65%
33/4
Jan
9%
*125
7
4
9% May
Jan
9%
12%
115/a Jun
17'A May
33
9
56%
Jan
7
2
109
9%
127%
Jan
8
1
Bquare D Co
5% conv preferred
'
*125
Oct
Jan
64
•
Jan
20% Jan
1
9%
9%
9%
••
7J% Jan
No par
No par
2
Squibb (E R) & Sons
*111%
•;
tConv
6%
Jan
27%
Apr
313/4 Nov
2
100
No par
No par
No par
No par
100
No par
(The)
$3 conv preferred A
Spiegel
2
2
Jan
5%
5% Jan
$5 pref series A
1,100
*64%
1%
8%
preferred
5,500
593/4
% Jun
«
.
9
No par
Southern Ry
No par
5% preferred
100
tMobile & Ohio stk tr ctfs
100
Sparks Withington
No par
Spear & Co
1
4,500
5%
38% Jun
5
5
Southern California Edison
Southern Natural Gas Co
Southern Pacific Co
403/4
33%
56%
preferred
30 3/4
*59
4
8%
85 %
:
Apr
3s/8 Mar
x20
Jan
74
6 % May
75'/a
6
No par
100
So Porto Rico Sugar
40%
5%
32
,
A Jan
Sinclair Oil Corp
-No par
Skelly Oil Co
15
fSloss-Sheffield Steel & Iron—100
t$6 preferred
No par
Smith (A O) Corp
*
10
Smith & Cor Type v t c
No par
Snider Packing Corp
No par
Socony Vacuum Oil Co Inc
15
South Am Gold & Platinum
1
S'eastern Greyhound Lines
5
303/s
3%
43%
Petroleum
40%
593/4
2
)
Oct
1293/b Mar
No par
Simmons Co
Simms
1
73/8
Jan
No par
10
Pen Co.
30%
7 1%
55
(W A)
10
113/8 May 28
% Jan
No par
(Frank G)
29%
1%
7 27%
Shattuck
29%
46%
*115
pref ser A
tSheaffer
12% Jun
933/4 Jun
2
25'/4 Jan
No par
Shell Union Oil
Silver King Coalition Mines
$5.50
54
46
114%
conv
29
111%
22%
1,200
25%
5%
5%
54
3%
22
9,900
,
43%
*59
*64%
116
2 6 3/8
$5 conv preferred
Sharpe & Dohme
$3.50
2
Jan 77
7
May
No par
No par
Sharon Steel Corp
8%
149%
25%
44%
5%
5%
25%
26 3/8
44
"59 %
54
♦46
*144
26%
25%
59%
30%
*113%
1,700
12%
39%
<
500
28
13
30%
,
6,300
25%
283A
22
39%
5%
45,100
353/4
30%
22%
10%
39
*111 .7 113
112%
$4.50 preferred
$4 preferred
^Seaboard Air Line
4-2 % preferred
Seaboard Oil Co of Del
Seagrave Corp
Sears Roebuck & Co
Servel Inc
86 3A
Jun
100
preferred
Scott Paper Co
54
343% Feb
10
100
100
100
100
preferred
8afeway Stores
5% preferred—
Savage Arms Corp
Schenley Distillers Corp
!
5%% preferred
20
5'% Jan
No par
preferred
Simonds Saw & Steel
112
38%
112
12%
5%
600
?
24%
36
22%
1%
26
35%
36
22%
900
3,500
25
*34%
22%
4%
26%
36
32
7%
100
22%
55
58
6,500
3,600
24%
112%
28%
112
10%
10%
45
27
35
28%
115%
11%
200
25
28%
7%
*25%
4,800
35
36
*111%
1%
1%
26
410
14%
34%
36
*115
26%
68%
♦24%
36%
7%
*4
4%
26%
400
70
22
60
5%
1,200
14%
12%
25%
5%
2,000
3%
113
36%
111%
24
*112%
47
116
263/4
393/s
%
*64%
10%
*43
112%
45%
7%
10%
10%
45
*39
28
114
1%
*25%
14%
26%
*111
46
*111
:i
10%
45%
*115
4
26%
68%
*69%
39%
46
*64%
26%
68
14%
70
111%
45
113%
♦43%
:
14%
15%
39%
46%
114%
*3%
3%
12%
♦46
5%
24
2414
111%
46%
*114
*14%
68
28%
5%
-
22%
22
*59%
58%
58
2,400
149%
44
5%
2%
*144
25%
5%
2%
149%
149%
24%
10
2%
*144
*144
Xl2%
80
19,500
6,000
26
10%
113
7,800
40
*28%
28%
5%
28
43%
55
*46
59
25%
25%
60
5%
6
3%
7
27%
26%
5%
5%
5%
26%
3%
*25
44%
26
55
39
111%
115
15%
4%
39
7
*110%
1%
3%
26%
111
*114
110%
77%
4%
39%
115
153/a
26%
113%
300
77
4%
*1%
400
105
413/4
*40
1
24
10
*25
4,300
15%
26%
1%
41%'
343/8
77%
26%
26
*104'/2
4,200
2%
44%
*24%
34%
104 %
290
10%
10
34%
7 2,400
112
112
10%
413/4
15%
26%
7*1%
,
41%
conv
Feb
7% Jan
80
No par
ISt Louis Southwestern
5%
77%
44%
*4
7:
-
9%
1%
70%
14%
60
6%
2,200
6 3/8
15%
10
38%
33%
67%
*69
1%
6%
78
•>
26%
112%
X23%
14%
■2,800
1%
$2.50
70
7
Dec
Jan
19
100% Mar
78% July
7
Mfg
St Joseph Lead
—
JSt Louis-San Francisco
5,100
%
1
3%
44%
9%
40%
60
7/
24%
3%
10
25%
26%
1%
♦24%
68
70%
7'.
4
x3%
14%
113%
*58
110%
24%
15%
113%
5%
*114
114
76%
•39%
*5%
115
115
*110%
26
10%
44
1%
104%
323/8
*7
112
*40%
*42
10%
44%
26%
42
33%
41
15%
14%
15%
70
26
x41%
104%
41
76%
*
•68%
14%
*46
1%
7--i7
4'A
7
18
Dec
Nov
53%
Dec
Feb
64'% Jan
No par
Roan Antelope Copper Mines
Ruberoid Co (The)
No par
Rustless Iron & Steel Corp
1
4,600
49%
%
9%
42%
■
Oil Corp
Dental
Ritter
800
17% 7
32
7%
*7
2%
70
*59%
1%
*6%
9%
2%
15%
26%
1%
6%
■77
25
25
3/4
1%
2%
14%
32% 1
6%
2%
67
149%
n
2%
15%
26%
*49
32%
2%
4%
49%
•
-
Richfield
500
83/4
7 •77 17
*49
1%
24%
*8
8%
%
*103%
100
17%
32%
42%
6.200
25%
%
,*7
103/4
163/4
17%
:
49
1
3% 7 3%
10%
70
6
71%
49
Mar
9'% Apr
13
10
tCommon
80
*15 y4
16
10
76%
*146
173/a
5,300
37%
8%
25
16%
4,100
31
*35%
*24%
25
1%
•26%
h
*15
8%
*8%
Yj
10 3%
10 3/4
16
1
15%
10%
10% Y
10%
1%
78%
1%
36
X112
113
60
10%
31
31%
34
115
115
*110%
10%
3,400
92
86% Apr
,
6
85'% Jan
_
•
x55
Mar 19
98
5% Jan
6c Brass
No par
preferred
100
t5'/4% preferred
_100
Reynolds Metals Co
No par
5'%% conv preferred
100
Reynolds Spring
1
Reynolds (R J) Tob class B
10
t7%
100
7
■'127-Z
11%
105/8
36
10
41%
,
7;.-/
14
Revere Copper
5,200
10
69
*88%
30%
33%
41%
*67%
7
Inc
preferred.
prior pfd ser A
conv
6% conv
300
91
91 7
30%
10
104
7 104
8%
8%
7
6%
81% 7:
*89
37%
30%
*36
112
33%
15
26%
s
9%
77
•25
10%
112
9%
,-
12%
12%
103/4
112%
112
8'%
*89
103/4 Y
32%
42
41%,
11%
92
*46 3/a
1%
;
33%
70%
7.
69
%
1%
10 %
•43
■
*67%
*15
16
15%
*4%
68%
Y
91
8%
Motors,
Republic Steel Corp
13,700
'
%
32%
15%
7.
*89
*88
91%
78
10%
8 3/4
90%
17
Reo
100
*80%
81%
*80'%
"7Y
8%
11%
11%
Va
81%
81%
•
*68
68
il
42
.
16%
100
7,100
•
,
*98%
17%
*98%
90%
8%
10
100
9
9'%
17
173/8
*98%
90%
49
I:
17
,
7
82 YY7'7
/
15%
66%
Dec
2%
*463/8
•69%
13
38%
•••->
Feb
Dec
7 'A May
6
49
•14%
Dec
7%
16
12
16%
105
15
1
22
Dec
103A Mar
5
193/a Jun
20
6
6
10% Apr
19% Apr
77%
*14'/»
Remington-Rand
Jan
12
Apr
'
11
18
59% Jun
34%
24
May
61% Jun
79
•8%
7
113
4
.
May 27
20
2
10'/a
115
25%
25
10
4
14'/a Jan
10
Mfg Co
4
1
2%
Reliance
200
7 75% Jun 12
4
25
*110%
5
4'A Jan
16 Va
*114
,v
8
Jan
42'% Jan
*15
112%
*41%
Jan
6
69% Jan
42%
'£
20
7
1
41%
42
7,7-'
Corp
1: Dec
1,700
9%
105
183/4
Stores
70
9'%
17%
173/4
9%
8
105
*104
100
—No par
1st pfd
& Co
(Robt)
Reliable
Nov
Jan
39
9'%
77
9
*7%
33
8
Sep
3%
May
1% Jan
5% Apr 29
14
Preferred
Rels
'
23 %
20
5
Jun
Nov
9%
Y-
*6%
34%
30
285/,
25
1%
9%
22
3'/a Jan
66'/4 Jan
5
100
Hosiery
Apr
100
9%
112
223% Jan
5
Nov
23 3% May
34% Mar 30
15%
Preferred with warrants
6%
10%
2
20
Feb
11%
26% Jan
263A
tRensselaer & Sara RR Co
6%
113
10 %
*34 %
*18%
•■7"
22% May
Dec
23% July
80
*7%
-
9%
28
400
77 1%
42%
77
120
730
613/4
*93%
Jan
143/a Jan
'
61%
-
12
173/4
7
1%
7;7
Silk
Real
4007
■7,
Jun
54%
10
*1%
*5%
7 *8
1st
4%
77
76
preferred
2d preferred
4%
7%
77
25
„.%
.
Reading Company
Dec
7
17%
17
.
30
143/4 Jun
54%
33%
*46 3/a
49
6
22
77
67%
8%
25 Va
26'% Jan
Dec
Jan
18
*88
U %
8
7
15%
55
30
i6%
11% Jan
Dec
7
77
*36
x25
29% Jun
17%
36%
77
2
54'%
36 y»
8%
Jan
54'A
*76%
Y'Y' 8%
15%
17
21
Dec
Jun
56%
303/4
25%
No par
1
25
50
50
50
Dec
3%
-
345/a
7
77
10%
8%
1
*54
11%
10%
Jun
*76%
77 91%
15%
99
54%
11
11%
7
17%
12%
16
54'% Jan
77
91%
25%
■
183/4
9
68%
*15%
*46%
*18%
100
Dec
90
Apr
17 y8
89%
,11
•16%.
183/4
30'/a
,31 77/
37%
30%
183/4
10%
11
*36
9%
preferred
conv
2
'
1
300
•.
5
*75
61%
*93%
11%
:
92
10%
60%
10
91%
12%
92
75 ; Y
7 75
60%
10 ■% Jun
29'%
*43/4
75%
/
2,700
'
33
7.
33
*28%
5
*4%
*9%
82
8%
"7
29%
*28%
5
57
18%
7
19
183/4
7;'
2
Raybestos Manhattan
Rayonier Inc
$3 preferred
100
'
5
7"
19%
7
30
*29%
33
3'% Jan
BY
59%
7
Apr
54%
82
68%
693/4
29%
16%
W
19%
33
19%
*283/4
76
*98%
8%
-
,7 29%
1
t6%
10,700
2% Mar
46'% Mar
88
1003/4 Apr 30
77
>7
*88%
8%
90
14%
75%
•173/4
82
82%
; *81%
.'.*89%
14%
7
100%
17
100%
143/4.-.
Y
*98%
17%
*98'/a
143/a
10
9%
9
14%
56
:•
YY
Y:f,
5
*183/4
18'/a
57
29
*9%
77%
1
*53
•
283/4
55
Y
77
18%
i; *773/8
28%.
33
*75%
9%
19
28%
19
*323/4
*4%
553/4
56
*9%
77
29%
*29
•
76 ->/'
*75%
75%
55%
29
32%
.32%'
5
4%
7
5%
Y
No par
Radlo-Keith-Orpheum
700
95%
29%
Mar ,16
t$5 preferred B_
940
94%
30
Jan 74
92
39,700
95%
*
1
♦29%
19
18%
19%
9'/4
95%
9%
94
14%
-30
*29
'■7.
■
93/8
29
13% 714%
7,
9'%
93%
'
29%
77*28%
33%
19%
19%:.
29%-
*29
30
8%
9%
9
92% 793
95
93
95%
8%
9%
8%
9%
*95
77.
7-'V
101
*1003/4
59
7
1,200
68'%
68'%
68'%
80,000
10%
IO3/4
10% ,U1%
11%
10%
68%
683/4
683/4
68%
68%
68%
10.1
*100%
17%
3% May
20
Sep
4% Aug
29
Jan
/.
CHRONICLE
THE COMMERCIAL & FINANCIAL
2322
LOW
$
S per
per share
$ per
June 18
$
share
34 'A-.
34
EXCHANGE
34
331/4
33%
*33%
33%
33%
31%
32
30%
32
;
30%
31%
30%
31%
X30 V\
30%
30%
31 'A
7%
7%
7%
7 V4
7%
9,500
43
*41%
*41%
■v,.
4%
4%
4%
ii 43
4%
11%
12%
12%
12%
12%
51%
51%
49%
51%
*7%
4%
*4%
12%
50%
50%
49%
50
4%
12%
v
4%
400
12V4
3,700
51
51%
Talcott Inc
51%
'
Corp
Telautograph
Tennessee
Texas Co
10,700
Corp
——25
(The)—__
6 %
6'/4
5%
6%
6
13,400
Texas Gulf
40%
40%
40%
40
40 %
39%
40
39'A
39%
40
40
10,000
Texas Gulf
Sulphur
12%
13%
12%
13
13
13%
13%
13%
13
13%
13%
13%
'
9%
*6
11 %
11%
11%
'23%
24Va
23%
*9%
9%
9V4
91/4
42%
*41%
42%
*41%
42%
11%
11%
23%
24
42
6%
*6%
*80%
83%
*80%
45'/a
5%
5%
5%'
'
5%
5%
12
*31%
32%
2%
2%
12%
*11%
31%
31%
2%
2%
241/4
*23 %
25%
24%
13%
13%
12%
13%
100%
98%
1001/4
*24%
30%
30%
29%
48 %
48%
48 Va
*44'/2
6 y4
6% '
*12
12%
31% AA
23%
24%
24%
*22%
13%
13%
13%
13%
99%
99%
99%
100 V4
99%
29%
30%
29%
29%
300
30
47%
48
24%
8%
9
•8%
21%
20%
15%
*14%
30
15'/4
3%
*15
'
9
8%
9
*8%
■
.
9
•
AA
8% 7
89
3%
.
89
•
100
.
21%
X20 %
21%
20%
32 %
31'/4
32
3%
? 3%
4,500
•
'
*
v
20%
32
•7.300
8%
8%
76%
77%
11
11%
56
>55 Va
55 Va
11
10%
8%
8%
8%
8%
76'%
75
76 Va
74'/a
75 %
76
76'/a
77
11%
10%
11%
10%
11
10%
11%
11
11 Va
*54'/4
54%
*54'/a
54%
54 Va
55
11'/a
11 'A
10%
11%
10%
10%
10%
11
83%
84
82 Va
84
.--8%
8»/a
A 75%
A A-.
91/4
55
*54
117%
116
116
112%
112%
112%
113
19%
19%
19%
.2.100
:
'
113
*112Va
83%
83
83%
8,800
*115
116%
20
*112%
133
*112%
113
19 7 8
20
20
20 Va
97%
98
/'■
95
97'/a
96
97
97
97
88
88
87%
88
88 A
88
87%
87 %
87%
88
27
27 Va
26%
27
27 /'
27%
27%
27%
27
27%
35 Va
36%
36%
36%
35%
36%
35%
:
97%
88'/a
28
36%
,
37%
35%
112%
113%
112'/a
112%
27%
28'/a
26%
27%
20
20
20
20
X68%
68%
68%
111%
27 Va
27%
19%
197/a
■'
—
*113%
A
•
A
8 %
111%
10,600
19%
700
67%
67%
24
66'/a
67%
25%
24
;
25%
1%
1%
lVa
1%
1%
1%
29%
29%
29%
29%
29%
30%
12%
13%
12%
13%
13%
13%
13%
14
13%
13%
19,400
7Va
7%
7%
7'/a
*7%
7%
7'/a
7'/a
1,000
60%
60%
♦59
8%
8%
8
31%
*31
A7/
8
A,
*31
70 Va
71%
8%
8%
8%
8%
8%
114
*111V*
5%
5%
5%
70%
8%
71%
2,100
30%
31
72
72% A
300
9
9
9 Va
9 Va
9'/a
2%
2%
2%
25 Va
25%
*5%
5%
5Va
■-
11%
*16%
*95
A* " 16
17
71
71
*180
181
9%
11%
•
•
*178%
11%
95
95
16%
16 Va
16%
16
16
70
A
AA
69%
181
9'/a
9 Va
9y8
40%
39%
39%
40 Va
37
36%
36 ^'a
36%
36%
*6%
6^8
37 %
36 %
36%
36%
6%
6%
6%
61/4
6%
6%
17%
A-'
*108%
6%
7Va
17%
9%
9%
33%
34 %
♦39%
42
2%
40%
2%
2%
39 %
41
121%
57%
57%
*69'%
69%
*69 Va
55%
53%
119%
23%
119%
120
23%
23%
41
39 V«
122
2%
40%
121%
*76
♦18Va
A
56
2%
2%
A-
691 a
54%
53%
120 V2
119%
23%
*23%
:
A
6%
6%
9%
9%
34%
43
*39
41
*40%
12,200
'
/
A,
Dec
*2% V
*•
42%
41%
*120%
'
41%
121V4
121%
55%
*55%
69 %
1,200
'
54 Va
54 %
54%
35,400
119 %
119%
119'/a
23%
23%
23%
Lines. Co—_i__:_1
-10
Preferred i
23%
1,300
100
50
•.
—
.
Steel^Corii-i—
U S
Preferred
—No par
U S Tobacco Co_
i
preferred
7ft
*3
3%
1,800
United
2%
6,200
United Stores class A
20
"JA'A 2%
,
18'/a
18 Va
72%
*70
2%
2%
♦76
78
174%
%
*75
18 %
ii
*170
171
%
2%
2%
72
*160
■■■.
V 3
2%
171
2%
80
*18%
71
18%
200
19
400
*70
72
140
X161
161
20
*18%
;v-/f
176
*170
80
*75
72
*160%
.
'171
.'A
*75
18%
*70
72 %
3
78
*18%
18 V4
72%
3
■/ 2'/»
'
81
*160
*168%
*2%
•/ 3
*168%
'
176
30
_50
-No par
100
:
47'/a
:
Stockyards Corp
8ft
conV preferred
,
25 :
1 A
—5
-No par
Universal-Cyclops Steel Corp—-»_1
Universal Leaf Tob
—No par
$6
.
preferred
108
6%
9%
29%
297/fl
32
Jun 15
Jun
2
2514
101
46
64%
47%
112
21%
11
19'%
Jan
26% Nov
1
1% Jan
18
21% Jan
10
Jun
fl %
28%
8
11% Feb
26
56
•
7%
xll8
Apr
May
20% Jun
29
5
89% May
100
15(f
Jan 12
167 % Jan 20
Sep;
108
May
100% Mar
10
Oct
6
Nov
78%
Nov
7% NOV
46
Dec
9%
Jan
83
Dec
113%
Nov
108
Jan
16%
Dec
Jan
85'%
Nov
74'/» Jun
1
7% Aug
May
63%
81% Feb
28%
Mar 30
21% Aug
30
Feb
40
May 27
23%
Jun
y36%
Jan
89
Apr
104%
Jan
20%
Dec
114% Jun
3
7%
28% May 18
22 % May
Apr
12
9% Mar
17
Jun
11
104% Mar
113
69% Jun
1
37
May
3
16
Jan
114
X26
Jun
Oct
■
Oct
58%
Dec
20
Feb
18
Dec
Oct
A Jan
2% May 10
11
July
4% Apr
l% Apr
8%
Dec
3% Nov
50
5
33% Aug
3% Mar
Jun
35
Jan
6%
Sep
Apr
8
25%
72% Jun
18
48'%
Jun
72%
Jan
9% Jun
4
3%
Jun
5%
Dec
112'% Jun
■'
7
93% Mar
106%
Jan
35
27
May
5% Apr
*
96% Jun
10
181% Apr
17
9% Mar 25
43
Mar 26
Apr
2%
v
18% May 29
72% May 26
Sep
4%
Feb
2%
77%
Apr
5%
Dec
Apr
6'% May
40'% May
159
May
4% Apr
34'% Jan
39 % Apr
8
24%
Apr
7% Apr
26
2%
Apr
19% Apr
8
! 7
Jan
Mar 25
99
Jan
110
7% Jun
16%
Oct
Feb
87
11% Jan
Dec
64
174%
Dec
6%
Jan
41
Sep
34%
Jan:
4% July
14%
114
Oct
Jun
2
9% Jun
Feb
11%
5
6
13'% May
10
22
May
7 26% May
3% May 10
Jan
6
Jan
5
Jan 13
Jan 23
Jan 15
Jan
Apr
2
2
4
May >
58
86% May 27
37% May 25
42% Jan
1%
%
56
14%
5914
16
Jan 13
Jan 13
Jan 15
Jan
5
Jan
8
Jan
4
Jan 13
Jan
7
Jan
8
Jan
8
Nov
Jan,
9»% Jun
2
71
Jun
7%
8
8
29
19
Nov
5'/»
14
4
6
Jun
Dec
12% Mar
4
10
Jan 16
Jan
,
56%
May 25.
•9% May
60% Jun
100
—
Pictures 1st pfd
Univeraal
.
-10
Co„
preferred—_
Smelting Ref & Min
Preferred
"
A
No par
8ft 1st
U 8
.
1——1
*46
47%
20
-10
Foundry—
Playing Card Co—
8 Rubber
U
2,700
*46
_100
tPrior. preferred—j—,—
U S Pipe &
400
54
23%
a
U S
2,200
69 V4
par
Partic. Si conv cl A—No par
!
Jan
Jan
Jan
Jan
Jun
2%
8'% Jun
17
17
30
Jan
4
4
Jan
8
13% Jan
6
No par
No
Co_
|U S Realty & Impt
119
120
S
5,100
15,400
914
59
173
5%
39%
—
Alcohol
S Industrial
U
Leather
84% Jan
;
—No par
1
20
100
Mach Corp__
—5
preferred
L
^50
U S Plywood Corp
56%
69%
conv
3 % Jan
4% Jan
—No par
^preferred_4r_—it^-No par
1,100
v
2%
1
.10
18»%
% Mar
11% Jun
4
par
7% May
8% Jan
8
14'% Jun
26% Jan 12
6014 Mar
9
5% Jan
2
103
Jan
4
16% Jan
6
Jan;
S
4
7
5% Jan
-No par
*
,_
U
U S
41
2%
No
Improv't
S Hoffman
5% ft
1,900
.2,000
43
*69
46
46
47 V2
54V2
6%,
33%
55%
69% *
23%
*160
174
*169
2%
78
18'/a
—
6%
4
77% Jun
4
No par
Freight Co—
S Gypsum Co_
7 ft preferred—
U
400
540
41V4
56%
69%
56
*45
3%
72
72
*160
Jan
5
5
3814 Jan
5
Fdy__
PaperboardForeign Secur
$8 1st
2,600
120 Va
41
•
18
9%
2%
121%
'
110
33%
Gas
U S &
.2,500
,
18
40
2%
•
53%
23%
3%
2%
119%
55 Va
119% '
3
39%
69 Sa
47 %
81
43'%
30% Jun
_5
Cos
■
3%
31% May
9% Jun
2
5
7% Jan
2% Jan
—1
—l10
Co
$5 preferred
U
110
:
*38
41%
40%
•
122
*56
69%
47%
*45
41
2%
40%
*46
43
A
United
100
6%
9%
34
•40Va
*6
Fruit
United
1,000
33%
9%
;
9
18
110
6%
6%
6%
9%
33%
42
2%
56%
55
6%'
109%
34
33%
*40
123
122
121%
55
AA
43
40
44
*43
42
A
17%
109%
18
*108%
9%
9%.
9%
34%
*38
108 "2
6%
7
9%
34 %
6%
18
17%
108%
18
109%
United Eng &
17% Jan
100
Coal
Electric
U .S
40%
36%
7
Jan
2
10%- Feb
32% Jun
7
-No par
No par
Dyewood Corp
United
1,900
9
9'/a
37%
13%
Dec
34%
21% May 10
16
Preferred—-
:A-; 30
,
*39%
40%
109%
97
90
2
18% Jan
"
hi Jan
Nov
Jun
2
No par
Nov
May
100% May 26
55 % Jan
Jan
1%
15%
Mar
114
109% Jan
Jan
27%
V
8
2
8
No par
—
Corporation
preferred—
United
60
.
70% A
8%
■
Co
Carbon
par
9% Dec
Jun
22
16% Apr
4% May
18"
100
United Drug Co
1,400
179
*175
40%
37%
18 Va
4,600
16%
70%
70
179
*175
*16Va
*39 %
*39 Va
*108%
69 %
178%
•
16%
96
40%
8%
preferred
United
A
X96
5
-No
Co
Biscuit
United Mer & Manu Inc v t c
•
11%
10%
11
96
16%
69%
178%
70
*178%
181
40 Va
6%
11
*95
11%
95%
9 Va
9
9% A
11 %
95%
70
X70
.
10
96 Va
10%
11%
96
i—100
preferred
conv
United
'3,100
5%
5%
5%
5
.2,000
25 A
25
25 Va
25%
5%
■
96
5%
i
Aircraft Corp—i
8'%
10
23% May 19
6
2414 Jan
8
25% Jan
6
93% Jan
4
17% Jan 20
16
Jan
8
No par
5'%
10% May
79% Jan
.
Tank Car^
Un Air Lines Transport
54,400
25%
100
;
preferred
4ft
104,900
2%
5%
Pacific RR Co
Union
4,400
2%
8%
••
*25%
i,
8%
72
70%
—100
25
Sep
49% Jun
1
Jan
15% Jan
'80% Jan
$4.50 series——No par
Preferred
Union Oil of California
140
31%
*31
31%.
No par
No par
pfd
Feb
3%
Jan
85
•
Jan
34%
1
6
Jan
2
Jan 13
Jan
5
Jan
34% Mar 31
7
5
.5
8
79
113
105%
Mar
103% May 26
4
7
42
No par
Union El Co of Mo $5
$3
8'/a
8%
';
Fisher Co—-No par
Elliott
United
59%
par
Jan
Jan
3
52% Dec
4%
17% July
}j) Mar
18
14% Apr
Oct
Jan
Jun
2% July
24
26% Jun
8
614 Jan
par
Jan
Jan
Jan
4% Jan
67
Jan
-No par
_1No
Union Carbide & Carb
19,300
n2Va
8%
■
—
AA
26
25
25%
!
8
Under
44,200"
*58%
59
58%
*31%
70%
31%
70%
60
8
8%
71%
114
58
60
'
*7'/a A 7 Va
1%
; 69
: . 6%
12%
S25
,_1
United-Carr Fast Corp
1%
'
i
Union Bag & Paper
300
66 Va
29%
5%
5
Mar
3
9%
Apr
30
May 27
12 % Apr
Jan
3%
33 % Jun v 4
6% Jan
4
1514 Jan 27
1114 Jan
5
-2
No par
1
24%
42
May
41
9
6% May 24
2
4
5
l%Jan
2
,-16
Jan
4
9% Jan 12
94%; Jan
4
28% Jan
2
40% Jan 20
—
United
1%
25%
Jan
Nov
2 %
27
Jun
Jan
Sep
34%
12
49
8% Jan
2614 Feb
10
*
500
28 %
71%
*111 %
3
par
„10
Film Corp—No
5%
29%
31%
*31
5
7%
S
1
4
Apr
7% Apr
7
3314 Jan
2
■8% Jun
6
Jan
preferred
——No par
City'Rapid Tran——-No par
7ft preferred——
t
100
Twin Coach Co_.
i
1
1.000
27%
.25
1%
8%
84
Jan
$1.50
United
1%
60%
♦59
46
4
—No par
—
11% May
5
8
52
Twin
17,500
28%
13%
v
OIL—
Corp__(
Fox
Cen
Union
19%
*24'/2
67%
*24'/a
20th
1,200
1%
13%
Truax-Traer
*113%
'•
68
*67%
*24
5.000
30 %
26
1%
30
Jan
2% Jan
10
Axle—j_„
! $6 preferred—
.
,1,400
•
27
111%
A
20
26
V
A
'
24%
,
27%
27
*19%
♦113%
■
■
112
*110
111%
27 Va
112
*113%
.
98
20
112
AA;26%
19%
*113%
113%
*25
28% Apr
35
-25
Tri-Continental Corp—
90
5,500
97'/a
37V4
;
300
14,200
116%
20
19%
?
11
83
113
19%
19%
37 Va
8
*115
770
6,700
*115
83%
A 116 Va
116.
*112%
19%
10%
82%
82%
82 '/a
116
*55
2,400
,
*
68 %
17% Jan
7
,6% Jan 12
_
Williams St'l
Trax;sue
14,100
31%
8%
.
410
32
11%
%
•
21
76%
8
A
90
9 Va
20 Va
9
8%
CO CO
91/4
20%
21
32 Va
31%
87%
*9
9'/4
i.
20%
20%
x31%
9'
;
3%
32
-
9
9
32%
r:
Dec
Transcont'l & West Air Inc__
•6,000
151/4
22
15V4
87%
3%
3%
88% A
88%
89
8%
32'A
88 Va
8'%
'
3%
3%
3%
88'%
8%
*27'/a
4% Apr
'
21%
•A 97
Oct
Dec
13% Jun
1
Transamerlca Corp
5,900
22%
*14%
23 —
22%
*14%
15 'A
A
•
Nov
7
Tiniken Roller Bearing——No par
1,200
2
Dec
7% Jan
Transit Corp._No
Detroit
11
Oct
Jan
42'%
8'/a
100
t$4;50 tonv preferred
Timken
6% Jun
41% Jun
Apr
3%
—No par
Water Associated
Tide
420
10
37%
Thompson (J R)
3,100
3Q
51% Jun
Nov
9%
Apr
Thompson Prods Inc
No par
Thompson-Starrett Coj____l.No par
►It-' $3.50 cum preferred.j_____Nf par
8.100
\
48
*47%
48
48
23
22;
21%
151%
-
13%
7% May
4
Apr
.__
Avenue
5% Mar 16
13% May 29
35
May
Co___
$3 dlv conv preferred
Third
Apr
Apr
1% Mar
5
"
47%
47%
21
90
*116
.
32
28
'
3%
3%
300
,1,600
100
30-
1
100
A
•
2%
13 Va
16%
*8%
4,700
12
31%
2%
23%
22
*88%
7,100
99 Va
29%
9
8%
9%
9
21%
6%
Thermoid
Nov
4
3
Apr
10
100
1
Preferred
10
20
*31'/a
2%
2%
■
8%
6%
12 A
•
*31
12'/a;; •'
'
'
*15%
;
;
conv
Fair_l__
The
;i
45%
13 V8
;■
99%
48'A
8%
45%
t$3.60
5%
17
45
14% May 29
Co—
Na par
preferred——No par
'
6%
8 V4
24%
13
30
A
2%
2%
*100%
A
6
5%
31 Va
;
3
2%
8'/a
46
Thatcher Mfg
200
240
84
80 Va
*44%
8'/a
8'/4
*44'
-
*31
31%
31%
;
A/a-
42
Jan
Nov
5
Texas & Pacific Ry Co
1,700
.
'
*11%
i
12
*11%
*11%
46
*
84
*80'/8
'■&
*6'/a
6%
*6%
82
;
.
Texas Pacific Land Trust
9%
*9
/Ay '■•'A 42
43
A 43
6%
*6
82
8'%
'
*44
45%
46
8y4
8%
8
8%
8%
*45'/a
6%
83%
*6
6%
83%
%
6,100
23%
9%
12
23
Dec
5%
8% Jun
■'
8% Jan
Coal & Oil—
Pacific
Texas
Aug
3% Aug
20
10
No par
—No par
8,700
11%
24%
*8%
11%
23%
AA
41%
41 %
5%
6V4
9%
11%
23
iA *8%
12
24%
9%
6
6
V
10%
11%
24%
*80
6-
5%
15%
25%
—i_l
Produc'g Co
40%
5%
•
share
29%
8 % May
5% Jan 25
35
Jan
2
3
Jan
9
8% Jan.; 8
41% Jan
2
' 3% Jan
2
36% Jan 13
9
50
5
5
i
Highest
per
19% Mar
22
May 27
34
8
2
11)12
Lowest
per share
35% Apr
8
SPSS?
(James)
partic preferred
5% ft
a
Jan
.
$ per share
share
22% Feb
4% Jan
1
Highest
Lowest
$ per
No par
Sylvania Elec Prod's Inc
Symington-Gould Corp
1,800
.
43
12 'A
4%
12 V4
AA§:". A:v
29
llit! t
8%
*41%
43
*41%
,
121/4
12
49%
,
*4%
4%
*4%
43
*41%
8%
8%
8%
8
•
43
*41%
:A
A'A
8
8
8
x8
8%
*8
7%
7%
8
■ ;
Swift International Ltd
A, A 8,700
7%
7%
.A/AaA
Year
Range Since January
.
Par
1,700
33% :.)•
77/a
'
Shares
33%
7%
Range for Previous
A
.
NEW YORK STOCK
for
the Week
ii;
t per share
share
per
34
34
Sales
Friday
June 17
June J(»
share
$ per
share
Thursday
Wednesday
June 15
June 14
June 12
A,,'STOCKS
PRICES
AND HIGH SALE
Tuesday
Monday
Saturday
Monday, June 21, 1943
41
Juni:: 2
44% Jtrn
43'% Jun
2
1
126% May 29
62
May
7;
70
Mar 10
59
Apr
6
120% May 27
20 a
Apr
% Aug
13% May
54
Mar
37'% Apr
58
Apr
44'% May
107% Jun
29%
1
Dec
;
27%
Mar
Dec
103% Dec
51%
Jan
71
Jan
55%
Jan
119%
Jan
29
Apr
5
15 '/a
46
Mar
4
39% Mar
46%
2
1%
Apr
Dec
30% Aug
32%
24
,
Jan
Jan
27/a-Jun
1
% May
% Apr
1
Oct
Jun
7
34% May
60%
Dec
12
July
15%
Nov
3% Jun
80
20'% Mar 30
Oct
72'% Jun
15
41
May
Jun
18
142
Apr
152%
Dec
10
147
Apr
169
Dec
161
176
Feb
61
Oct
V
12
*54'/4
22%
»107/a
32%
54%
55
22%
A 21%
10%
11
*32%
33
n
U
54
55
% /A
*52
54
53%
*52'%
lri
%
53%
52%
2,600
A
52%
23 iA ■: A
22
22%
22 V8
22%
22
22%
22
22
11 Va
10%
11
10%
10%
10%
10%
10%
10%
33 Va
*32 V2
*32%
33%
33%
33%
33%
*33%
/A
70
4,300
1,800
600
33%
—No par
100
Vanadium Corp of Am
No par
Van Norman Mach Tool
2.50
Sales
Vadsco
Preferred
*42%
*60 %
42%
70
*23%
*61
76
*63
*116%
♦118
42%
24
*63
42
70
70
*61
67
*63
24
24%
*23%
5 Va
5%
5 Va
62 %
60 '/a
60
119
118
42'%
*61
*63
67
*23 %
24%
X231/4
5%
5%
5%
5%
60%
61%
62%
119
•
119%
*116
34
34%
33%
34
33%
33%
*33
*36%
38
37%
37%
*36'/a
38
*31%
31%
31%
31%
31%
31%
31%
*116
34%
37%
62
105
*102
*144
150
*144
*102
105
150
147
105
143
*102
•
*144
119%
600
Van Raalte Co
:
:.v
5'%
62
600
12 100
62
*116
1,900
119%
,
50
Va
100
152
*144
152
*144
A
200
12
Jan
4
30
May
May
4
50
July
55
Jan
15
67% May
55
Sep
60
Nov
26% Feb
6
15
25%
Jan
5% Jun
10
3
14
14
2
Oct
110% May
117%
Dec
Jan
21%
Nov
31%
Jan
12
14
120
Jan
2%
40%
34% Jun
5
15
7
24
Apr
19
26
May
Jan
108
Apr
8
70
Jun
Jan
148
Jun
15
120
Mar
26
38'% Jun
33
Mar
Dec
Jan
7
Jan
Jan
42
Jan
Apr
39
27
1
22%
10
116
20% Jan
18% May
Jun
63
113
116% July
Jun
29'% Jan
—
Dec
62
4
100
Preferred
Jan
Jan
11% Mar
26
43
Jun
Detlnning Co———100
112%
Jun
Mar
118
2'% Jan
80
7'%
19
7
5ft pfd—100
preferred
Vulcan
105
152
6ft
Dec
20%
22
No par
Virginian Ry Co—
1,500
,
Sep
34%
Jun
Jan
25
25
Iron Coal Si Coke
140
32
%
Jan
Mar 15
100
dlv partic preferred
Va El & Pow $6 pref
6ft
Jan
14'%
Jan
23
Works
Va-Carolina Chem
38
*102
17
5
No par
Victor Chemical
32
105
25
100
*36
*102
12% Feb
33'% Jun
Feb
*33
35
7
11
57
38
,,
8% Jan
41
preferred
%
22
1% May 10
25% Jan
51
33
31%
5
10
115
preferred
33
31%
Jun
24% Jun
100
5ft
23 Va
5%
5
Inc
56
4
100
5
1st
7ft
*36
31%
105
62%
■
67
23%
.
it
70
*63
23 %
5%
43
*61
70
67
*36
*102
43
7
%
Vicks Shreve Si Pac Ry
20
*116%
42%
*63
67
62
*116 Va
70
23%
118
-
43
5%
119
—
*42'/a
5%
*118
__
43
62'A
1
*116%
■
*42%
*61
Va
5
Jan
.
Vlck Chemical Co
"
118
118
'Jan
15% Jan
,31
29%
Oct
Oct
96 % Mar
138
Jan
W
I
31%
11%
26 %
*106%
30%
32
11%
11%
26%
26%
110
*107%
For footnotes
31%
11%
26%
11
26%
*107%
110
see page
*30%
2323.
31
30%
31
11%
11
11
26%
110
26%
*107%
26%
109%
s
31%
*11
31%
11%
32%.
11%
26%
26%
26%
*107%
109%
*107%
32%
11%
26%
110
100
24% Jan
7% Jan
5
11% May 29
21% July
6'% Mar
30%
—No par
—No par
20% Jan
2
28
Apr
26
16
Apr
20% Nov
Feb
10
109
Jun
10
97%
Jun
1,900
Wabash RR preferred—
1,200
Waldorf
1,200
Walgreen Co
4%ft preferred with warr
System
100
103
4
36% Mar 29
Jan
7"% Nov
102%
Oct
THE COMMERCIAL & FINANCIAL CHRONICLE
'Number 4187
Volume" 157
RECORD
NEW YORK STOCK
AND HIGH
LOW
June 14
$ per
t per share
$ per share
share
9
*48
49
47%
9 Va
9
47%
47%
473/4
*48
17%
>10%
17%
17%
17%
10%
10%
103/4
8%
48
*17'/a
17%
17%
17%
9
$ per share
47%
9%
8%
9%
9%
$ per
share
June 18
June 17
June 18
?
9
9
9%
11%
2'/4
14%
47'%
x47%
46%
46%
85%
82%
27%
28%
28%
*21%
22%
"21 Va
16%
Xl6
24%
24%
24
14%
143/4
"87%-,.
86 Va
86%
28
28
*28
283/4
*27 Va
28 Va
27%
27%
21 Va
21 Va
*21%
213/4
'*21%
21%
21%
21 Va
16 Va
*16
16%
16%
16 V4
15%
16
24
*24
24 V4
x23 %
23%
*233/4
24%
500
r 600
5%
5%
.5%
57/a
5%
>jlf600
23 %
23Va
23%
.'1,200
16
24 Va
23%
"5%
'5%
5%
23%
22%
23%
22'/4
76
75%
75%
*75 Va
16%
77 Va
76
77%
116%
II6V2
*75 Va
76
.
16%
16 %
78
75 Va .75%
*75%
84%
85
85%
85%
85%
A 76
76
76 Va
76
76
75%
117
*116%
117
15%
xl5'A
107%
28%
29 Va
*9
15%
15%
107%
107 Va
28%
28 %
4%
4%
4%
4%
*9
9%
<:>
*116%
15 3/8
27
9%
117
27%
*107%
4%
117
'
<
107%
*15
15'A
107%
>
117
116%
116 %
■
76
16%
*
106 Va
28'«
*4%
4%
*9
9%
*9
36%
35
36%
35>/a
35%
35%
35 Va
x35%
.
22%
22
22%
22 Va
22'A
22%
223/4
223/e
4%
<
22%
;
9Va
35
'
23
8,300
.?
96
135
94%
93
95%
95
136
95%
93%
*134
135
135
135
28%
*27
.
93
93%
94
135%
*134
•
94
134
135
94 Va
137
110%
*52
57
*52
•57
*89
91
91
21%
20%
203A
64 Va
63
63
64%
i
*19%
19%
*19%
18%;
19%
19%
V' 7
6%
7%
■
36%
27%
*26 Vi¬
*111
57
91
91
20 3A
20 3A
21%
21%
63
V ';
91
,63
63
63
■:
14
Oct
Nov
8
6% Apr
1%
Jan
3
July
No
Eisenlohr
Snowdrift—
17% Jan> 4
No par
///■ 69
No par
—No par
100
100
._
pfd
V
30
1st
preferred
u
6%
19%
*19%
18%
6%
63A
6 Va
*19%
.
7
5%
-
18%//
18%
7Va
5 Va
.
19%
21%
;•
X4
63 %
210
/
100
White Motor Co
18%
6%
*4%
3,300
White
5
*6%
5,200
2,800
White Sewing Mach
Rock
Min
5
75
*70
75
•'70
75
*70
75
*23
24
*23
24
*23
24
*23
24
*23
24
*23Va
24
Prior
5
5
5
5
5
5 Va
7%
7%
6%
12%
12aA
12%
6%
6%
12%
12%
12%
7%
7%
7%
7%
7%
7%
7%
7%
7%
7%
*753/4
77
76'A
76 %
*75
75 Va
11%
11%
11%
*11%
11%
'116%
*116%
X20%
21%
21%
40%
40%
21%
*136-
145
145
'
57%
97
140
*127
145
*127
53
*52
57
*55
102
*96
29
29
29% /
17%
16%
17
*126
127 Va
♦126
14%
13%
14%
35%
36%
91%
15%
16
32%
34%
C
91% /:
33
*90
*124%
127 Va
67%
X
29
29%
29%
';// 29%"
16%
16%
16%
126
*124%
30%
4
X
11% Apr
3
38% May 12
23%
4
24 Va
13% May
29%
16%
500
3,200
Yale
16%
8,400
Yellow Truck
h
127
127
Towne
14%
36 Va
90%
91%
15%'
15%
15%
15%
15%
4,100
32%
31%
32
32
32%
32
32
4,700
Zenith Radio Corp
4%
32
4
4
4
4
4
6,100
4
sales on this day.
t In receivership,
a Deferred delivery,
AName changed to Sinclair Oil Corp.
-,
n
Young Spring & Wire__
r
Cash sale,
Shares
——..—419,260
Monday^—t*—1,352,100
Tuesday
1,010,440
Wednesday
—
877,010
Thursday
—1—
740,670
Friday
682,590
Saturday
5,082,070
-Bonds
Bond
v
1
7
100% Jun
60
Apr
6
42%
80
K; $12,000
$3,731,000
Saturday—.
17,000
10,865,400
9,581,800
376,000
,
19,000
9,881,900
249,000
37,800
308,000
1,000
10,030,100
,8,452,200
247,000
5,000
8,704,200
$51,401,400
$1,588,000
$91,800
$53,081,200
•
■
U.
8.
5,082,070
shares
Bonds'
Dec
27%
Feb
Dec
69 Va
Jan
12% July
15%
Dee
12
Jun
15%
Jan
3
Mar
5%
Nov
3%
Jan
Jan 14
21% Mar 30
2
8
Railroad
St
industrial
40
30
15'A
Apr
7
1%
Apr
8% May
3
13% May 27
1% Aug
2%
Oct
4%
Apr
8%
Dec
3%
Sep
6%
Jan
Jan
8Va Jun
7
77% May 10
May
61
Sep
73%
8
107%
Jun
110%
23VsMar26
16%
Dec
11% Apr
115
8
9
6
Jan
21% May
407A Jun 11
243A May 7
145
128
54
57%
108
70
13
are
14%
>
106
Nov
117
Jun 18
Apr 20
Mar 23
f 44
Jun
80
i Jun
104
Jan
39
Apr
62
Jan
42%
30 Va May 10
15%
Total
,
1
23%
Oct
14%
Nov
Dee
Nov
15% Jun
4l
Apr
77/a
6
39 V* Apr
6
28%
Jun
37%
92 Va Jun
9
78
Jan
87
Oct
9 Va Jan
2
16% Jun
7
7
May
12%
Jan
19% Jan
12
33VaJun
11
7% Jan
2
Jan
4
-
4% May 10
2
Ex-rights.
y
5
8%
'
'
'
'
"
Domestic
175,630
$421,000
330,570
1,034,000
287,220 T
689,000
237,215
735,000
229,375
728,000
190,990
/ 758,000
—
.
'•
X
"
•
1,451,000
;
$4,365,000
1943
—
Bonds'
1,848,797,200
987,498,800
/
,
■
*
1,451,000
on
-
-
C
Bonds (Par Value)
Foreign
Foreign
Government
*
Corporate
$2,000
67,000
9,000
56,000
28,000
—
$14,000
2,000
18,000
789,000
$175,000
$34,000
$4,574,000
10
June
18
1942
Jan. 1 to June 18
■
1943
10
Total
Total
10
First
Second
10
Utili¬
65
Indus¬
Grade
Grade
Utili¬
40
trails
roads
ties
Stocks
trials
Rails
Rails-
ties
Bonds
15
1942
41,477,217
8,579,571
$2,147,000 $112,221,000
$84,337,500
2,239,000
264,684
49,000
8,056,000
9,000
630,000
471,000
$2,205,000 $120,907,000
$87,047,500
compiled by Dow, Jones & Co.:
-Bonds-
Rail¬
20
Total
$423,000
1,101,000
698,000
805,000
758,000
13,000
Averages
the New York Stock Exchange as
Indus-
141.32
35.56
20.22
48.57
107.51
100.40
65.29
110.94
96.04
139.09
34.77
19.98
47.75
107.40
100.22
64.45
110.90
95.75
139.39
35.10
20.10
47.95
107.41
100.42
64.42
110.92
95.80
139.78
-
t Unit of trading
34,000
$4,574,000
'
30
17
Deo
Jan
175,000
—
-
—
—
Total
-Stocks-
June
2%
'
—
-
Foreign corporate
$27,981,600 $1,913,250,500 $1,061,283,100
the daily closing averages of representative stocks and bonds listed
•
$4,365,000
25,887,600
16
20
Jan
-
51,401,400
June
Feb
1% May
B Called for redemption,
?«
Shares)
-
Domestic
-
Jan
121 Va
--.
5
Foreign government
-
Jan
57'A
4
6tocks-*-No. of shares.....
,
69,110,000
.
54
Jan
^
'
$4,674,300
_
Mar
Apr
;
Ll
62,956,200
15
Jan
,
Jan
i
$1,497,100
14
uun
July
10%
-
.1
Friday—
$34,500
12
Jan
125
111%
s
2,050,500
June
21%
Nov
5
of
—1
$91,800
June
Dec
31
117
1
49,741,858
June
Jun
Oct
Jan
24
Jun 12
Jun 11
Jun
1
1942
■
163,730,428
Date-
Dec
Jan
-
Thursday
Stock and Bond
Below
2%
6
Ex-dividends.
—
Wednesday
Jan. 1 to June 18
1943
1,685,280
$53,081,200
Jan
22% Jan
30
'
Total.
53
18% Jun
'
'
—:
Apr
30
5% Jun
27
Jan
1%
7
Apr
25% Apr
2
6
2
4
Jan
May 24
5% Jun
86
131% Apr
1
1,588,000
-
Jan
17%
(Number
—-
.■
Government
Foreign
93
58%
Jun
Week Ended June 18
of
Apr
July
5
,
Tuesday-
10,168,700
9,721,100
Week Ended June 18
Stocks—No.
Oct
50
2
Monday—
1942
Jan
Dec
82
} 'Week Ended June 18, 1943
255,000
1943
Dec
31%
108%
12
>.
-//./'.•
;
$153,000
9,186,800
14
12% Jan
1
.
Sales
Bonds
'
10,593,400
'
110% Jun
Stocks
Government
:
Total
$3,566,000
.
■Total-.---^—■
Foreign
5
Mar
Daily, Weekly and Yearly
United States
Bonds
Number of
Week Ended June 18,1943
Jan
22
29% May
32%
8
.1
x
Daily, Weekly and Yearly
Railroad
and Miscel.
127
Apr
63%
Transactions at the New York Curb Exchange
Transactions at the New York Stock Exchange
Stocks,
Aug
23
1
118 V* Jan
No par
preferred series A—100
Special sales,
s
Dee
109
7
5
' 21% Jan
■
Youngstown S & T
New Stock,
83
3
1
Zonite Products Ccrp—
-
Apr
Jun
36 3A Jun
20
No par
Youngstown Steel Door
32%
15%
3,800
9,300
15Va%
Oct
Feb
.No par
14%
35%
290
Jan
19%
No par
14%
>/
8%
30
67 Va Apr
17% Jan
25
Mfg. Co
St Coach cl B
91%
f
Feb
Jan
23% Apr
115
100
Preferred
20
4% May
Jan
Dec
3 Va
2
5
'
127
Apr
20
100
29% '
&
2
May 29
136
._
36 Va
91
15%
no
V
5
Feb
18
104%
7
9
.—10
143'a
14%
35%
91
15 Va
100 to 10 shares.
29%
16%
*124 V4
7,000
67%
*66%
X
6 Va Apr
Sep
12% May
14
97% Jun
Sep
97
May 22
29% Jun
Jan
Apr
57 % Jan
pfd
91
14%
35%
91%
4
67
6%
10%
2
7
109
113%
91
10
Pow
29
Jan
No par
-
Mar
2
No par
35%
13%
35%
*90
4
•
16
Jan
2'A Jan
8
Jan
4% Jan
Co
7%
400
J02
*96
196
67%
16%
'
13%
36
92
•Bid and asked prices;
reduced from
127
34%
14%
16%
4V8
i 4
28%
Xl6%
67%
96
57%
57%
57
;•
90
54 ,y
*52%
53%
57
97 V-.;
67%
•:; *66%
16%
*52%
57
May
Co
10 "V 30% Jan
2
(Del)
No par
16% Jan 20
preferred A
100
112% Feb 15
6% preferred B
100
109
Feb 24
Prior pfd 4% % series
—100
" .44% Jan
9.
Prior pfd 4% % Conv series—100
46
Jan
9
Wright Aeronautical—
No par
88
Jan 15
Wrigley (Wm) Jr (Del)
No par
58% Jan
4
140
53%
102
Worthington P & M
*126
•
3
Woolworth (P W)
132
*96
preferred
Wilson-Jones
1,200
145
*54%
29
$6
:1,100
,
7,700
145
*52
Jan
Jun
119
Jan
9
1
10
„
9,100
145
>:
67%
*67
Wilson & Co Inc
12,200
23%
23 V
93
Jan
—
Woodward Iron Co—
145
102
5
1,400
*125
i
;
40%
40%
24%
-20
21%
137
56
67%
'40'%
23%
!
Wisconsin El
*20%
205a
40
23%
22%
:
•116%
-
137
53%
67
40
39%
11%
*20%
20%
:
«
preferred—I
Willys-Overland Motors
6% conv preferred
3,500
75%
11%
145
56
*51%
53%
*55 Va
...
22%
75%
11%
*136
*96
*52%
97
I
130
*124
131
*128
40
22
22%
150
;
75
*116%
—
20%
,
Y
11%
11%
"116%
■
7
75
75'A
11%
21
39%
40%
40
■
23 Va
*22%
75
—
*20
20%
18.500
12%
7%
"116%
1
7
7 V
12%
Apr
33/4 Jan
5
2% Jan
8
40
Jan 15
x20% Jan 19
'
2% Jan
2
No par
Wilcox Oil & Gas Co
3,500
12 Va
7
12
8
11'A
5
5
12%
6%
7%
12%
5%
36
5
5
2
13% Jan
1
t$4 conv preferred
5
19
2
5
% 15
No par
Corp
5
*70
5%
Mar
Jan
58% Jan
-1
Spr Co
5
*5Va
Jan
80
26'A Mar 4
"106% Jan 15
—100
52
Mar 13
—
75
5Va
104
Jan
Jan
Jan
18
*70
4%
91
Apr
12
85
75
5'A
.
Apr
41%
Jan
Jan
100
*70
5%
34
17
Jan
Wheeling Steel Corp
No par
$5 conv prior pref
No par
White Dental Mfg (The S 8)
20
1,200
r
preferred
Wheeling & L Erie Ry Co
5% % conv preferred
-
_
490
19% V 19%
•'.'.■18
$4.50
10% Nov
Mar 10
Mar
No par
21%
-
•:
7%
5%
'
91%
*6i%;
21 %
63
18%
Y'57 $:::
*90%
20
Jan
Nov
78
No par
.
i '"
*50
91 ?:/•>
21%
19%
18%
Y-
XV'/v'.
57
100
Westvaco Chlor Prod
20%
x71%
91
81
120
12.50
\
27%
*111
Elec
7% Aug
7
Feb
4
2
8
31
.50
50
.
Instrument
Weston
15
May
59% May
76% May 19
19
4
Jan
15 % Jan
No par
3
19
17 Va Jun
4
67% Jan
57
Jan
109
Jan
100
17
25 Va Mar 29
Jan 2V'y
8% Jan.
50'A Jan
1
t.
class A
preferred
preferred
-2% Jan
par
700
r
Jan
18
?
:-
39%
Jan
Westinghouse El St Mfg
5,000
t
I
36%
27 V4
•
U'ii''*-•
*62
18'A
19
•
91
\
*19 Va
19%
27%'/''
•
*50
91
36%
36%
lli
*50
57-:".
*50
91
*21
27 %
*110
110%
36%
*35%
*26%
35%
*26%
28
*25%
♦llO'/a
35%
•,
Oct
Oct
Jun
>,
•
36 Va
36
36 Va
36%
Deo
Jan
■
*135
Nov
8%
80%
11%
Westlnghouse Air Brake
•8,400
29%
May
13 V*
Co——No par
113A
preferred
:
—100
103
Auto Supply Co
slO
19
Western Maryland—
T
100
2%
4% 2d preferred
100
5%
Western Union Telegraph
100 V ' 26%
300
:
35%
•
22%
X
Feb
4% Apr
12
17% Jan
>
Western
f 2,800
•
*9
35%
23
43A
.
•
x65
24% Jun
4
12% Jan
1
t6V«>
60
-
3,600
16
1
4
1
15Va Jan
5
;
.
1
West Va Pulp & Pap
1,000
28%
28
Nov
5
Gas Lt Co
tWest Penn Pr Co 4%%
70
107%
106 Va
.
9Va
9%
36
9»/a
6%
Nov
1
24%
West Penn El
310
i-
■'".
Jun
6
3A May
15% May 20
7
Oct
Jun
32% Apr 21
22
Jun
1
17% Jun
2
Indies Sugar Corp
West
2%
May
$4 conv preferred
"7 %
Nov
May 29
Mar 29
16%
27
Wesson Oil &
90
Nov
41'A
No par
No par
Webster
370
15%
*15%:
*
107 Va
28%
,
V
5%
Apr
Fdy St Pipe
Wayne Pump Co
22,400
•••
Apr
13 % Mar
87% Jun
Waukesha Motor Co
'
15%-
>*15%
17Va
76 &
86
Jan 20
7% Jan
5
3%
31'A
May 13
Washington
100
4
5
Apr 30
May 25
50%
18%
13
2%
50'A
79
300
\
Jan
$ per share
No par
Warren
V
Jan
36
.
50
Pictures
Bros
9% Jun
1942
Highest
$ per share
preferred
500
'
•'
76
V 27%
4%
i
76
"15V*
15%
-x
16%
1
23
*75%
76
16 Va
16%
23
22%
*75'/a
85
107%
5
22%
■■
76
5%
78
15%
5
22%
•5 Va
85
*106'/a
28 Va
5%
*75
17
75
»
85
V
•
5%
77%
X75
116 Va
V
;
1
86%
15%
17%
77
,1,440
$3.85
15%
87%
;
2
12
4
5
Jan
Jan
Previous
Lowest
$ per share
38%
153/8
4%
%
:
No par
preferred—
Warner
14%
21 Va
*16
$7
800
15 Va
86%
share
Year
.
Highest
4% Jan
No par
No par
No par
Class B
41,800
14%
85
$ per
No par
(H) Good & W Ltd
preferred
Ward Baking Co cl A
1.200
48
47%
47%
<47%
Lowest
Div redeem
1,400
:
2
2
;
14%
28%
85% >85%
46 Va
40 %
2
*15 Va
85%
77
2
11 Va
11
85
14 V#
14%
85
*75 Va
*10%
2
2
Walk
300
>83 %
14
15
2
2%
2
49
*48
10%
10%
11 'A
2%
11
Range Since January 1
-
Co
Walworth
1,200
17%
:'17Va
17%
Range for
,
STOCK
Par
11,600
48%
48
*17%
YORK
EXCHANGE
Shares
•
/
NEW
the Week
$ per share
48
for
Sales
Friday
Thursday
Wednesday
June 15
<
STOCKS
SALE PRICES
Tuesday
Monday
Saturday
June 12
2323
35.19
20.23
48.10
107.51
100.70
64.70
111.04
95.99
139.85
35.38
20.24
48.18
107.57
100.66
64.84
111.01
96.02
35.19
20.27
48.09
107.57
100.85
64.81
111.01
96.06
THE COMMERCIAL & FINANCIAL CHRONICLE
2324
Monday, June 21, 1943
SSSKB
Bond Record
FR,DAY
:
the
'
/•Vr?? :
i?
Treasury 4s
<ry
Tresitry
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
—1946-1956
1943-1947
1943-1945
1944-1946
1946-1949
_1949-1952
1946-1948
1951-1955
__1955-1960
1945-1947
1948-1951
1951-1954
1956-1959
1958-1963
1960-1965
—1945
1948
1949-1953
1950-1952
1952-1954
,1956-1958
1962-1967
1963-1968
,,1964-1969
1967-1972
1951-1953
1952-1955
1954-1956
1947
Mar 15 1948-1950
Dec 15 1948-1950
Jun 15 1949-1951
Sept 15 1949-1951
Dec. 15, 1949-1951
234s
23As
Treasury
Treasury
Treasury 214 s
Treasury 214s
Treasury
214s
Treasury
214 s
214s
214s—
Treasury
Treasury
Treasury 214s
Treasury
214s
Treasury
214s
2l4s
2Vis
214s
214s
Treasury
Treasury
Treasury
Treasury
Treasury 2s
Treasury
2s
Treasury
2s
Treasury 2s
2s
Treasury 2s
Treasury
_
March 1950-1952
Sept 1950-1952
1951-1955
1953-1955
June 15 1948
Treasury 2s
Treasury
2s_.
Treasury
2s
Treasury
,
M-a
.
2s
Treasury l3As
Federal Farm Mortgage Corp—
1944-1964
1944-1949
3 Vis
3s
104.29
J-D
■
104.29 104.29
yR'
lOoT
■
*102 8
J-D
*106 14 106.16
M
New
City
York
103.3
106.6
102.10
A-O
106.30
;
■
110.20
*111 2
111.4
110.13
J-D
*106 .2
106.4
105.28
;
106 '<■•?
110.6
*111 18 111.20
M-S
112 3
M-S
112.3
109.9
112.3
M-S
*104. 12 104.14
104.5
*107. 12 107.14
107.6
J-D
108.10
109.11
M-S
*111. 19 111.21
?
108.15
J-D
J-D <*.
*104 .9
M-S
108.26
112.3
of
100.23
100.3
100.21
100.6
100.22
A Costa
100.15
101.4
Cuba
100 18 100.18
3
100 .16 100.18
36
101.3
M-S
*101. 1
3-D
*106, 15 106.17
J-J
*102 6
102.8
101.25
*107 1
107.3
106.23
:
.
Jan
bonds
•
Rica
5%s
.1945
J-D
External
100.27
100.12
103.16
103.16
§A2d
100.9
100.16
\
1st
102.28
Finland
*102.3
J-D
102.2
102.4
*101.9
102.27
101.11
7s
106
part
an
"
active interest in
,-V./Vy
2-2300
f 6s series A
extl 6y2s
s
y";
>'y;'--'?.
jV •'
•
(City)
A Jugoslavia
Mendoza
(Prov)
s
f 7s
1st series
*50
M-S
||
J-J
J-J
21%
J-J
*21%
AExternal sec s f 7s 2d series—1957
AExternal sec s f 7s 3rd series—1957
(City) external 5s
1958
(National Government)—
S f external 4Vis
1948
S f conv loan 4Vis
1971
S f extl eonv loan 4s Feb
1972
S f extl conv loan 4s Apr
,,1972
Australia (Commonw'lth) 5s of '25-1955
External 5s of 1927
1957
AAntwerp
Belgium
A Montevideo
1-1693
A 6s
44
s
46
21%
21%
21%
J-J
■
P.
'/•:•
.yy.r&y
21%
1
24
A-0
*21%
*21 %
3
22%
A-O
.
25
48
3-D
15%
15%
s
24
15%
16
6
100
M-N
100%
4
96%
91
19
84%
81
83
34
78%
84
A-O
8114
81%
83
26
79
83%
J-J
91%
90%
92
35
82
94
90%
927/a
11?;;
83%
94
86%
88%
24
79
91
98 %
98%
1
96%
99%
86%
•
:
:
M-N
M-S
J-J
98
98 Vi
99
J-D
99
99
99
J-D
43
42%
44%
42
36%
53
A-O
40%
41%
36
34
2
2
96%
97
f 4%-4%s
A-O
40%
40%
41%
23
34
40%
41%
34
34%
51%
91
91
11
87
90%
90%
5
83
M-S
M-S
•
.
-
M-S
F- A
91%
90%
*92
87
94
*80
J-D
"
92%
92%
74
73%
74
18
68%
78%
74
"?
75
7
69Vi
76
s
75%
•; 78
78
3
70
76%
71%
78%
1975
1984
59%
2
48%
60%
A-O
109% 109%
5
107%
109%
.-1945
F-A
100% 100%
104% 104%
5
100%
101%
101%
105
30-yr 4s—
of)
2%s—
25-year
*73%
A-O
1960
f 4%-4%s
10-year
'
M-N
external s f $ bonds
(Dora
74
F-A
3%s
mmt
mm
J-J
J 59%
1961
J-J
1944
J-J
*100% 100%
1967
J-J
101% 101%
1968
7-year 2%s
30-year 3s__
M-N
,
'•
—.
101%
1
100%
12
101% 101%
100%
97%
101%
2
97%
2 Vis
Jan
15
1948
J-J
102%
102% 102%
1
101%
102%
3s
Jan
15
1953
J-J
103%
103 y2103%
11
101%
104%
100%
104
30-year
3s__
„
Jan
3s
15
1958
J-J
103%
103 Vi 103%
20
102
A Chile
(City)
(Rep)
1954
8s
AExternal
A 6s
A6s
sinking fund 6s
A6s
A Extl
A 6s
s
23
23
5
20 y8
26
21
21
1
18%
25%
I
to 01
22%
1960
A-O
20%
21%
A-O
Feb
1961
1961
F-A
Jan
1961
J-J
21%
Jan
f 6s
...
1961
J-J
~
1961
Sep 1961
sinking fund 6s
Sep
assented
see
page
2328.
40
F-A
Feb
6s
assented,
For footnotes
M-N
M-N
1960
fund
assented
ARy external
.
1942
assented
sinking
25
1942
External s f 7s
17s assented
A Extl
*18
J-J
s
f
22
21%
21%
20%
21%
26
6
14
M-S
y-s
26 V*
21
"3
23%
2
91%
10%
:
P.
'■
—
: ■y
/
12%
9
15
w-«.
12%
14%
14%
25
12%
9%
10%
108
13%
50
11%
15%
16
15
14
16
27%
•?,: 9%
J-J
15%
J-J
27%
18%
32%
18%
32%
89%
90
;.
US
9
?:
M-S
AUruguay (Republic) extl
AExternal sink fund 6s
?
12%
15
12%
15%
27
1
27
*85%
*80%
>'
4m
84
90
90
3
90
90
1
84
82%
;
93
A-O
82%
92
*101
100%
101
F-A
•101%
100%
101%
M-S
95
95
95
85%
95
A-O
89
89
89
77%
897/a
87%
87 Va
80%
87%
1970
1955
J-D
71
86
1940
1955
8s
1946
.-I960
1964
3%s-4-4J/2s ($ bonds of 1937)—
External readjustment.,,
1979
20
26%
extl conv,,—.
4-4:%-4%s extl readjustment
25%
3%s extl readjustment.,.
conversion,,.
3% -4 %-4 ^
A4%s assented
;
F-A
AExternal sink fund 6s
(City)
?
...
9
;
90
F-A
*85
A-O
79%
M-N
*81%
external 7s__
1979
1978
1978
.,1984
1958
1958
84
82
82
73
90
*104
106
104
104
J-D
M-S
M-S
79%
73
70
*81%
M-N
•
72
72%
10
79%
,
25%
25%
15%
82%
12%
Q-J
J-D
F-A
(City of Greater) 7y2s—1952
Queensland (State) extl 6s
1947
ARlo de Janeiro (City of) 8s
1946
A Extl sec 6%s
1953
Rio Grande do Sul (State of)—
A8s extl loan of 1921
1948
AOs external sink fund gold
1968
A7s external loan of 1926
1966
A7s municipal loan
1967
Santa Fe external sink fund 4s
1964
ASao Paulo (City of Brazil) 8s
1952
A6%s extl secured s f
1957
JASan Paulo (State) 8s
1936
A 8s external
1950
A7s extl water loan
1956
A 6s extl dollar loan
1968
§ A Secured 8 f 7s
1940
Serbs Croats & Slovenes (Kingdom)—
a 8s secured external
1962
A7s series B sec extl—
1962
A Silesia (Prov of) extl 7s
1958
A4%s assented
1958
AWarsaw
17%
5
"jff:
22
*14%
;•>:• 14%
J-D
1958
1947
—1968
AExternal sink fund gold 8s
1950
A4%s assented
1963
APorto Alegre (City of) 8s
1961
AExternal loan 7y2s
1966
External
70
97
11
90%
*97/a
M-N
3%s
18%
18%
MM
22
Q-J
(Rep)
Stamped assented 5s
25%
25%
62%
85
•
17%
90%
90%
85
1965
1963
26
18%
80
23%
24
1944
1956
18%
20%
21
'
::
1943
sink fund 4V2s
mod
15%
12
68'A
31
'
1958
5s
20%
20%
m~m'
M-N
1957
Sydney (City) s t 5 V2s—
A Carlsbad
*55
'
J-D
APrague
51%
41%
1976
1976
f 4%-4%s
External readj 4%-45/8s
100
y 97
■
'
21%
82
A-O
A4%s assented
99%
20%
*75
J-D
AStabilization loan s f 7s_
"
Refunding s
24
»,
(State)—
f 5s
(Rep of) gold 6s
A4%s assented
100
J-D
s
JAPoland
50%
Vi
;
?
*16%
extl s f 5s ser A-1963
1963
ext to
1994
Ext sec ref 3%s series B
1967
APernambuco (State of) 7s
1947
APeru (Rep of) external 7s
1959
ANat loan extl s f 6s 1st ser
1960
ANat Loan extl s f 6s 2d ser
1961
a
91
81
M-S
(City)
Stamp
100%
89%
F-A
M-N
1977
stamped
*21
1952
sink fund extl loan
APanama
54
'
3%
99
—
;k-:;
*94%
1959
7s
Municipal Bank extl s f 5s
23%
42%
1961
Sinking fund gold 6s
Buenos Aires (Province of)—
External
30
95.:
*99
?; 21%
A-O
1959
(City)
sink fund 4Vis
Oslo
23%
16
22%
48
1952
1957
1958
1950
Sinking fund gold 5s
Canada
85%
18%
6
:
89%
*60
'*
A-O
1958
series A
24
1957
(Central Ry)i
Brisbane (City) s f 5s
A7s
s
''
...»
M-N
1945
1954
1945
1933
sink fund 4y2s
4s
23%
1957
AExternal s f 6Vis of 1927
A 6$
72
'
30
■
1943
f 6 Vis
External
24
1941
f 7s
SABrazil (U S of) external 8s
AExternal s f 6%s of 1926
External
-
y
(State)—
External
24
15%
21%
*21%
——
16
21%
A-O
54
—'
——
1955
1955
f 6s
s
30
*99
1954
Norway external 6s
External 6s
54
1949
external 6Vis
External
86
V
—
..
•
J-D
1943
ASec external s f 6y2s
Teletype
NY
1956
4Vis of 1928
External
"
30
'
Argentine
External g
y.
-
;
;
J-J
1957
readjusted
4s
A Sec external
*62
1945
f 7s series D
s
A-O
1945
1945
1945
1957
coll 7s A
7s series C
F-A
1968
4s
7s series B
AExternal
A-O
.'.y -;.i
•
.
85 %
72
'\r.
92
*85
'*
A-O
M-S
72
,''V
mi '
1954
6y2s
AAssenting 4s of 1910
§ A Treasury 6s of 1913 assent
Minas Geraes
*50
1947
1948
6s
fund 6s
(King of Norway)
AExternal
85%
67
86%
-i
1960
AAssenting 4s of 1904
External
(Colombia)—
f
69%
A-O
*66
M-S
A-O
1960
stamped assented
A Mexico (US) extl 5s of 1899 £
Municipal
f
57
Irrigation—
External
s
42%
1952
(State Mtge Bk) 7s
(Colombia)
New South Wales
s
54%,
1964
1968
(Republic)
Mexican
Members New York Stock Exchange
120 Broadway, New York
Telephone
(Dept)
67
52%
1949
1949
paid
paid
part
Haiti
Wertheim & Co.
AExternal
52
A-O
.1945
stamped
unstamped
A6s
103% 106%
100
106 Vi
and other
AExternal
54
62%
66
Greek Government—
106 %
J-D
Foreign Securities
AAntioquia
30%
45
1969
extl 6s
(Republic)
38 %
52%
*52
60%
1967
7s__
AAssenting 5s of 1899
sink fund
r
60%
1940
A4%s
AGtd
130%
F-A
,1969
French Republic 7s
South American
■
AGtd sink
106 7/a
2
47%
1942
series
(Republic of)
AMedellin
Akershus
93
107
66 y2
,1940
5V2s 2d series
AEstonla
52%
52%
M-S
5%s
M-N
We maintain
&
103
72%
••>
1955
5%s
sink fund
series
Helsingfor8
Govt.
102%
104%
57
'-f-'b■
,1962
Irish Free State extl s f 5s
Foreign
130%
J-J
Customs Admin 5%s 2d series,__1961
A7s
1980
Agricultural Mtge Bank
29
101%
66
,1942
External gold
-
Corporate Stock
REctor
104%
130% 130'A
A-O
§ Alst series 5y2s of 1926,
102.7
52
19
I,
4
92%
91%
*103
A-O
5%s
4%s
,
lADominican Rep Cust Ad 5y2s
100.9
102.7
39
100%
*102%
92%
J-D
1952
gold
100.12
♦102.6
37
54
*102%
F-A
ser A_1951
jADenmark 20-year extl 6s
*101.30 102.1
M-N
.
"
101.1
—
6
J-J
100.23
105.4
24
!
*100% 102
F-A
100.15
*100 30 101
23%
,1953
37
40
3
J-D
100.23
*105 2
48%
1949
100 23 100.23
J-D
48%
.1977
48%
30%
M-N
,1949
64
30%
V;
53%
debt
5
10
"I
37
40
4y2s
2
__
37
64
•
38%
*36%
loan
(Rep of) 8s
ASinking fund 8s series B
100.23
100.14
52
23
*50%
external
wks
52
2
64
47%
F-A
M-N
7s
ACzechoslovakia
100~26 100~28
II
100 .16 100.16
23
23%
*36%
M-S
4%s
;;
64
M-N
1944
(Rep of)
2
64
63%
46%
46%
J-D
1951
APublic
101.14
101.14
__
*100 20 100.22
A-O
1953
100. 24 100.24
M-S
1961
22%
-16%
18
1952
Sinking fund 5y2s
*100 28 100.30
M-S
1
'(Republic of) 5s of 1904
External
,
*104 17 104.19
J-D
23
External 5s of 1914 series A
105.7
*104. 13 104.15
J-D
23
24%
17%
.
1947
(City) 5s
25-year gold 4%s
106.23
104.30
_Oct
f $
s
Copenhagen
101.25
J-D
M-S
23%
17%
J-D
1946
104 V-
100.10
101.2
18%
15
ASinking fund 7s of 1926
ASinking fund 7s of 1927
;...
104.6
103.24
3100 31 101.1
*101
24%
19
'
19
A-O
104
*101 28 101.30
20%
18%
l1947
104.4
J-D
V4
24%
17%
'
J-J
104.11
J-J
24
20
?
9
.
M-S
AColombla Mtge Bank 6%s
106.20 107.13
107 13 107.13
M-S "
•;20
A-O
*104 2
J-D
;
>24%
17
■S 11
•••'r:
__
19%; 19%
M-S
1961
J-D
,
24%
«V.;
*22%
M-N
1970
external
3s
106.31
106
*104 9
'
20
25
17 Vi
'
21
M-N
•?
:
e
-•'
20
25%
19%
■
■
1
19%
1931
5s
1927
M-S
J-D
18%
22
19%
1960
1928
of
M-S
J-D
20%*20%
19%
26
(Republic of)—
6s
A 6s
A
104.11
106 30 106.30
M-S
26
I960
(Hukuang Ry)
Colombia
*106 27 106.29
J-D
A-O
1962
assented
Chinese
A-O
1962
25%
20%
111.10
2
ell2 3 ell2.3
J-D
108.21
a
111.10
4
Ill, 16 111.16
A 7s
J-D
1961
Cons Munic 7s
18%
13
21%
J-D
1961
assented
A Chilean
M-N
J-D
1961
6s
High
23%
11
22
v"
J-D
1961
AGuaranteed sink fund 6s
A 6s
107.10
*109, 16 109.18
V
104.26
MS
1963
assented
21
21%
m-n
1957
fund 6%s
AGuaranteed sink fund
A 6s
•;
T957
_
6%s
.A6%s assented
111.13
.
Low
;No.
»—«»>
%■ A-O
1963
Range Since
January 1
Sold
High
A-O
1962
A6%s assented
<
ASinking
J-D
■
1962
Bonds
Friday's
Low
sinking fund 6s
AChile Mortgage Bank
101.31
102.9
or
—
,A6s assented
10CL26
101.4
:
Last
Sale Price Bid & Asked
Period
AExternal sinking fund 6s
101.1
*101
A-O
Interest
v
assented
A 6s
104.29 106.3
J-D
-
(Continued)
(Rep)
AExternal
114.1
113.6
t\:ii
*107.21 107.23
„
Transit Unification Issue—
3%
Low
„
113.14 113.14
Chile
Week's Range
Friday
Exchange
Week Ended June 18
■
'
—1944-1952
1945-1947
series A
series
,?.,
;'
High
Low
Loan Corp—
Home Owners'
lV4s
High
/
A-O
January 1 K
No.
Stock
New York
Range Since
Sold
,
i—.-1947-1952
1944-1954 ;
3%s
3%s
314s
314s
3%s
314s
3s
3s
234s
234s
234s
2%s
2%s
Treasury
Treasury
3s
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
Bonds
Friday's
or
y
Sale Price Bid & Asked
Period
Government
S.
Last
Interest
Week Ended June 18
(J.
\
I
Week's Range
Friday
v.
Exchange
Stock
Treasury 4%s—
Tret
YEARLY
-
"and
are
BONDS
New York
~
WEEKLY
■
interest"—except for Income and defaulted bonds. Cash and deferred delivery sales are
week, and when outside of the regular weekly .range are shown in a footnote in the week in which they occur. No
The italic letters in the column headed "Interest Period" indicate in each case the month when the bonds mature.
NOTICE—Prices
■
New York Stock Exchange
«»
3
24
24;
24
14%
28
44
13%
24%
J-D
19%
19%
20%
89
12%
23%
A-O
20
19%
20 %,
54
13
23%
15
16
23
23
20%
20
M-S
A-O
*16
A-O
*10%
A-O
17%
?*21%
A-O
*14%
17
14 :
17%
J-J
*17%
18
15
20%
J-J
*14%
15%
12%
16%
17%
30
.ry
23%
J-J
24
7
*45
M-N
96%
F-A
6
24%
24
J-D
-
17%
30
30
■y l x
50
35%
19
96%
90%
96%
A-O
26%
25%
26'/a
13
18%
31
F-A
25%
24
25%
51
16%
30
3
28
25%
24
25%
M-N
25
25
25
*24
20
33%
12
17
31%
2
28
J-D
18
31%
27
A-O
J-D
M-S
27%
80%
18%
34
17 Vi
33
41
*44%
J-J
J-J
44
32
48%
50
29%
48%
29%
46%
J-J
39
39
A-O
65%
66'%
M-N
15%
16
M-N
*12%
17%
J-D
*11%
14%
13%
13%
94%
13%
F-A
94%
F-A
*85%
M-N
62
71
10
17%
ft—'
11
17%
—
—•
2
•
1
1
85
94%
84
87
78
3
88
88
M-N
68%
M-N
63
63
*63
66
w—
70
71
30
F-A
F-A
67
69%
a
64%
*10
14%
*12%
14%
J-J
13%
14
*80%
F-A
11%
—
.
M-N
J-D
52%
43%
*40%
44
M-S
J-D
31
73%
16
30
26%
27%
76%
30
21
1
76
76
M-N
M-N
17%
1
•'
•
—
'
—
78
85%
88
64
72%
61%
67%
60
68
66
72
52%
66
12
12
10%
13%
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4187
157
Friday
BONDS
New York
Last
Interest '
Period
Exchange:
8to«k
Week Ended June 18
BONDS
Week's Range
or Friday's
Range Since
Sold
January 1
No.
High
Low
New York
1st
M-S
Carriers & Gen
1950
M-N
Cart & Adir 1st
1981
F- A
103%
106
102
F-A
•„
102
^Central of Georgia Ry—
A 1st mtge 5s—
"2
104% 104%
3-D
3-D
104%
102%
105
•
M-N
104% 104%
10
101%
109% 109%
""
9
108
109'/3
65%
65%
1
62
-1948
A-O
*66%
69%
Albany & Susquehanna RR 3'/as___1946
3%s registered
.———1946
A-O
A-O
100'/a
F-A
10211
§ A Consol gold 5s
104%
J-J
A-O
1st mtge
3'%s ser A____———1967
1st mtge 3'/aS——1972
Albany Perfor Wrap Pap 6s_
-1948
Alabama
6s
Power
with
assented
warrants
Corp 5s w w
gtd gold 4s...
Celanese Corp 3Vis debs
.1962
Celotex Corp deb 4Vis w w„
1947
A Cent Branch U P 1st gold 4s— 1948
102
1943
—
J-J
1965
75%
102
—
'
100
*97
12
f
70
A Ref
vi
67
•
93 Vi
modified——
5s
modified
5s
A 5s
A-O
A-O
1950
;
income
.-1950
—-
Amer I G Chem conv 5Vis
.1949
American Telephone to Telegraph Co.—
3'As debentures1961
3'As debentures—
-1966
3s conv debentures..———1950
———
Tobacco Co
Amer
1962
3s_——
deb
Am' Wat Wks & Elec 6s series A___1975
-
J-J
*
104% 105%
;
Nitrate deb
—1967
Jan "V
gold 4s
—1995
Q-J .*.
Ark & Memphis Ry Bdge &Term 5s 1964
M-S
Armour & Co (Del) 4s B———1955 77../F-A
1st sink fund 4s series C (Del)_1957
J-J
1063/4
19
Conv 4s of 1905
109%
78
107Vi ^109%
114%
235
103% 103%
103%
103
109% 109%.
1007a
35.
'
115
60
103%
107'.
•98%
74
70
15
■■
51 %
-
102
.
i"
II-':
102 v-'
105% 106 i;
105%
20
102
102;
4
105% 106'-
106
103%
68
111%
105% 105%
10
96%
105% 106
89
95%
3
105%
117
117%
106
118
107'/a
10
109% 109%
J-D
1946
Atlantic Coast
General
&
N
1st cons 4s
unified 4 Vis
103%
1097a
Atlantic & Danville Ry 1st 4s
103%
102%
104'/a
74
873/a
93
86
63
73
74%
88
J 90%
.
91%
J-D
70%
70%
71%
M-N
J-J
84
83
85
100
41
41%
38%
41%
38%
45%'
32%
23
'
Atlantic
J-J
——1953
Refining deb 3s
103%
M-S
40
,....^.'2
29'/a
—
Y 3
100%
103%
105% 105%
J-J
—1959
103% 103%
UO ;
I 7
104
•
.
•
July 1948
A-O
Stamped modified bonds—
1st mtge gold
(int at 4% to
Oct 1 1946) due
July 1948
Ref & gen ser A (int at 1% to
Dec 1 1946) due
1995
•
AGen
Sep 1 1946)
r'
;V:.'
70%
71%
59%
161
71%
75' 7
A-O
75
73%
J-D
753%
,
42
40%„...423/4.
;
168
60%
773/4
239
32%
52%
J-D
47%
47
48%
143
353/4
42%
41
42%
136
32%
52%
42%
40%
42%
148
32%
30%
32%
628
24%
143
33%
35%
278
33
94%
'
.
M-N
63
63
64%
85
51%
16'%
1083%
20
67
86
102
M-N
M-S
10
58%
58%
60
205
58
57%
58
26
'/•
M-S
*
34
-'
J-J
RR—
92%
46
69%
593%
730
69%
J-J
70
,7: 5
3-D
,
761%
*96%
i
•
•
v
75'. 7
60
75
45%
inc
5
130%
1323%
32
102%
106'%
2
102
106%
*
20%;
J-J
997/a
J-J
1013/4
II
*120
*118
:
ll8% 121
115%
„
25%
27
153%
31%
23
923%
100%
101
1949 0
37
96%
1023%
10
97%
101%
93 5%
102
100% 100%
M-S
96%
96
7
97'%
175
81
97%
F-A
81%
81'%: 837%
115
65
1971
F-A
90
893%
84%
92%
1997
J-J
41%
1982
M-N
May 1 1989
A
102%
102% 102%
5
102'/a
79
91'%
40%
130
129% 130%
16
128 3%
131
99%
5
99%
42
101
32
45
1
118
122
753%
75%
75%
41%
42%
49
49
47%
46
44
41%
12%
..
49
12%
*•
7
28
66
76
34
38%
45%
5
31%
47%
22
31%
50
44
31
29%
133/e
45
63%
46%
15'%
63%
153%
ft.
A-O
99%
registered
AStpd 4s n p Fed inc tax
4%s stpd Fed inc tax
AGen
5s stpd
Fed inc tax
&
ref
&
ref 4%s
&
ref
L
123%
13%
76
89%
90
29
66%
90
J-J
62%
60%
63
155
433%
67%
J-J
J-J
60'/a
59%
60'/a
42
40%
64
65
62
65'%
143
44%
69%
J-J
65
62%
65
68
45
69 Va
J-J
64%
62%
65
79
45%
69%
F-A
A-O
37
36
3 8 3%
1,176
is y4
41%
10%
12 '/a
1,574
4Va
143%
-
,
'11%
4%s C
1936
.
'*__
■
—.
»«•
■
•
'
d54%
»«w
60
543%
336
56%
32%
30%
56%
201
33%
583/4
60
57%
55
32
57%
34
61
34
56%
60 s/a
253
33%
603%
57
57
57%
15
68'%
72%
181
35%
393%
59%
72%
-V-'
43%
41
43%
84
23'/e
44%
44%
403%
44%
107
22%
44%
44%
40%
44%
64
23
44%
M-N
11
9%
113%
1,306
5s
—...1949
stpd
—1927
F-A
,.
r-A
1967
1955
F-A
553%
553%
553%
1
463%
58
J-J
-■
493/4
46 5%
513%
597
33%
53
A-O
30%
27%
31%
1,461
323/4
29%
333/4
506
AConv
1960
M-N
J-D
90
gold 4V2s
98 Vb
100
I?
1033%
105%
Chic T H & Southeastern
1033%
105%
6
100%
102
10
102%
105
1951
Memphis Div 1st gold 4s„
1st 5s
103%
95%
11
71%
57
4
'
102
102
'■'..104%
105
■
105
M-S
;
*103
102%
103%
91
91%
...
78
80
33%
2
80
4'/a
I'"':'/.
*89%
863%
393%
56%
23%
41%
92%
90
83%
84%
46
M-N
55
54%
55%
227 -
37
37
P-A
F-A
M-N
1043%
104% 104%
67
""3
69
75
53%
;//■'/
tH O O
111
103%
106%
95
46
103% 103%
(v'
15
111% 111%
6
7
105'/a
104%
22
93%
72
57
62%
22
49
62
J-D
44
45%
18
20
104
M-N
44
A-O
193/4
183/4
18 3%
18%
v>7 11
A-O
J-J
A-O
Bush Term Bldgs 5s gtd—————I960
88
88
88'/a
2
71
71
71
16
86
87
7
37
.
"7
59
1963
1963
J-J
J-J
19
107%
110%
103'%
103
103%
18
100
1033%
J-J
101'%
94%
102
M-S
102%
101'% 102
102'% 102s%
52
1962
1943
A-O
54 7%
1957
1st & ref 4!/4S series D
Childs Co deb 5s
Debenture
5s
fAChoctaw Ok & Gulf cons 5s
Cincinnati
A-O
45%
.1952
M-N
Gas
& Elec
106%
83%
7.
99
95
103%
3y4S___
109% 1093%
1977
1st
coll tr gold 4s
35%
503%
Cleveland Elec Ilium 3s
113%
23%
11
22%
Cleveland & Pittsburgh RR—
Series C 3%s gtd
81
88%
Series
58
71 %
General 4)/2s series A____._
77
88
D
Gen &
ref
4V2s series B
110
110
45
108%
110%
112
1
109%
112%
87
87
*90
95
71
573a
168
1991
J-J
56
56
56 3/4
1990
M-N
80%
80%
108'% 108%
31
J-J
.1948
1950
108%
"
61
12
46
58%
5
65
82
A-O
A-O
—July 1969
1969
Guaranteed
gold 5s_—
.—.1970
gold 4%s
.—1955.
gold 4Vis—..j
1956
Guaranteed gold 4Vis
—1951
Canadian Northern Ry deb 6Vis—.1946
Can Pac Ry 4% deb stk perpetual—
Guaranteed
19
115% 115%.
J-J
A-O
F-A
.
12
94
J-J
Canadian National gold 4 Vis..——1957
1083/4 109
1073/a 1077a
3
107%
109
115%
5
113y2
1155/g
115% 115%
11
113%
115%
116% 1165/a
16
1133/4
1067s
1145/s 1145/a
7
111%
114 5/a
923/4
115
J-D
F-A
Guaranteed
M-S
1940
5s
—...
.
.
J-J
3-D1
J-J
79
105
—-
*106
105
■
96
96%
90
91
80%
833%
55
72%
75%
71
14
.1977
J-D
A-O
933%
93%
933%
M-N
40%
35%
40%
1113/4
95
1153/4
7
110%
111 s/a
1125/8 1125/a
827a
1
112
1133/4
83 '/8
5
71%
83%
58
100%
102%
2
1037s
105
823/4
102
1017s 102
103%
1037a 1037a
103% 104%
98%
98%
99
74.
95%
24
91
71
26
835
s
gtd
f 4%s series C
•
108
108
•»«*
"
90%
80'%
72%
-7:
'
42
-
75%
64%
105%
96%
93%
86%
593%
78
1033%
*103%
104 s/a
99%
JAColo & South 4%s series A_...-1980
ACertificates of deposit—
Columbia G & E deb 5s_
May 1952
Called
•-'•—
bonds
104
80
93%
243%
Debenture
Apr 15 1952
5s—
1961
4S..1948
Columbus & Sou Ohio El 3'As.
1970
Columbus & Tol 1st extl 4s
—1955
Debenture 5s
.
A-O
J-J
A-O
M-S
P-A
17
1023%
157
102 33a
4
102
102
35%
102%
—
Columbus & H V 1st extl gold
39%
102
102
—
M-N
41%
•
110
92%
40%
103 y8
102
93
6
102%
102 V3
268
88
100%
2
99% 100%
100
25%
110
110'/2
uo
'
..
__
*109% 110
*112%
—
843%
85
w_
•.
•
108%
-
—
.
110
1123% 112%
ACommercial
Mackay Corp—Income deb w w
Apr 11969
May
—
38
Commonwealth Edison Co—
1st
mtge 3 y2s series
Conv
debs
3V2S-
I—u-_1968
——
1958
111% 111%
J-D
J-J
115
114
115
5
14
54
110%
/
108%'
109%
111% lll5/8
M-S
J-J
J-J
12
108%
1063%
108
*106
F-A
J-J
1961
1972
1973
90
46%
M-N
P-A
1977
89%
85%
553/4
gtd 4s
1945
Colo Fuel & Iron 5s inc mtge_____1970
1st
49%
112
112
A-O
A-O
A-O
A-O
1st s f 5s series B
59
111%
57
1981
Cleve Short Line 1st gtd 4%s
Cleve Union Term gtd 5%s_.»
.1966
28%
-
J-J
Coal River Ry 1st
Canada Southern cons gtd 5s A—.1962
38
8
110%
.1970
3%s gtd
103
46%
*111%
J-D
Ref & impt 4%s series E
57
110
J-D
General 5s series B
111
78
45
108%
.1993
115%:
41
*uoy8110%
.1993
1103/a
103
116
J-D
M-N
F-A
..1967
Cin Union Term 1st gtd 3%s D„_1971
1st mtge gtd 3%s series E_
1969
Cleve Cin Chic & St Louis Ry—
General gold 4s
~4-__
97
78
453%
'
46
51
P-A
1966
mtge 3y2s_
St L Div
^Burlington Cedar Rap & Nor—
§ A 1st & coll 5s
—I
1934
A Certificates of deposit
Bush Terminal 1st 4s——
—.1952
Consolidated 5s
—1955
*44
..1952
109
Ill 3%
:
73%
57%
109%
Cin Wab & M Div 1st 4s_.
F-A
70
71%
56%
-
—
33/4S series E
3V8s series P
,
22
106
95
deposit
13 y8
90
Station-^-
Chic & West Indiana com 4s
1st
106'%
V.
J-D
M-N
7; 6
108%
92
*100%
a
M-N
'
1
110% 111
M-N
Union
lst mtge
1st mtge
36%
70
91
733/a
*100
M-N
ACertificates of
Chicago
103
~6
84%
51
19
20%
345
90
69
J-D
guaranteed 5s—... Dec 1 1960
''
35
90
J-D
M-S
1960
53
*72
J-D
1951
:
1
*—
—
Chicago St L & New Orleans 5s_—1951
30
A-O
page 2328.
13 V2
"
M-S
Income
72%
J-D
J-D
J-D
1952
3%s
57
60
60%
1934
Gold
57
33%
60
§ ARefunding gold 4s
1
§ A Secured 4y2s series A
107
99% 100
51%
*
d53
May 1 2037
stpd
104% 105%
105
543%
'56
'
J-J
J-J
see
.
May 1 2037
.May 1 2037
gold 5s__.
104% 104%
100
/
A-O
gold 4%s series JJ
1961
mtge 4s series RR—
1960
AInc mtge 4Vis ser A—
July 1970
t A Boston & 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
Debenture gold 5s
1950
1st lien & ref 5s series B——.1957
Buffalo Gen Elec 4Vis B____—...1981
Buffalo Niag Elec 3 Vis series C—,1967
Buffalo Rochester & Pgh Ry—
Stamped modified
(interest at
3% to 1946) due
1957
For footnotes
51%
89%
1988
100
99%
J-D
equipment trust ctfs—...1944
Coll trust gold 5s
^1954
Collateral trust 4 Vis.——_»JL960
73%
122
122
JAChic R I & Pac Ry gen 4s
ACertificates of deposit
104'%
A-O
3-D
4s
A 1st
95%
J-J
1944
i
99
1977
A__
/ AConv 43As series A
tSAChicago Railways 1st
25% part paid
'
99
1st
4Vis
115%
346
99% 100 'v
*98%
99%
1949
(conv)
A 1st
45%
823/a
*45%
A-O
1st
Coll trust
100 Va
106%
106
J-J
1958
A 1st
62
40%
.
.
-
69%
69%
J-J
1951
4s
stamped...
—
—1951
Battle Creek Si Sturgis 1st gtd 3s—1989
Beech Creek extl 1st gold 3 Vis—.1951
Bell Telep of Pa 5s series B
1948
1st & ref 5s series C
1960
Beneficial Indus Loan 2 Vis
1950
2%s debentures
———1956
Beth Steel 3 lis conv debs—i
1952
Consol mtge 3 Vis series F
1959
Consol mtge 3s series G
!-,—1960
Consol mtge 3Vis series H
1965
—
Oct
713%
90
106% 106'%
106
P-A
A-O
.....
A4%s stamped
§ASecured 6'/2s
j
J-J
—1959
gold 5s—
gold 5s
92%
55%
82
1323% 1323/4
M-N
M-N
M-N
M-N
M-N
M-N
M-N
•
i
Guaranteed
953/4
71%
165
99% 100
1987
1987
1987
1987
1987
:*
'
Guaranteed
34
111
83
'
-66%
M-N
M-N
70
California-Oregon Power 4s..—.
38%
36
21
92%
*83
833/4
403%
163%
.
47
95'%
65
/
Ul3%
18%
34%
109% 109%
92
F-A
M-N
373%
;
23
37%
307/e
11987
52%
30%
1st M 5s series II
833%
35%
A-O
472s series
AGen
M-S
—
19%
110%
82%
—1949 V
4s
F-A
Big Sandy 1st mtge 4s
Boston & Maine 1st 5s A C
\71
*111%
36%
tChicago & North Western Ry—
/ AGeneral gold 3%s_.
1987
372s registered
....1987
57
M-S
Pgh L E & W Va System—
Ref gold 4s extended to—1951
S'west Div 1st M (int at 3%%
to Jan 1 1947) due
A—1950
Bangor & Aroostook
Con ref 4s_.
373/4
■
Feb 11960
Toledo Cin Div ref 4s A
20
*30yb
....
.
——1996
due
3
J-J
-
D (int at 1% to
due
36%
J-J
I
series
4s
AGeneral
Sep 1 1946) due
————2000
Ref & gen ser P (int at 1% to
A Conv
52%
32%
193%
'.7. V.
1995
due—
1946)
to Dec 1
Ref & gen ser
35
34%
3%s series B__May 1 1989
C
May 1 1989
AGen 4%s series E
May 1 1989
AGen 43/»s series P
—May 1 1989
tChic Milw St Paul St Pac RR—
AMtge gold 5s series A___,
I
1975
AConv adjustment 5s.J...Jan 12000
(int at lYa%
Ref & gen ser C
2
^Chicago Milwaukee & St Paul—
Ohio RR—
mtge gold 4s—
51%
Chicago Gt West 1st 4s series A
1988
J-J
A Gen inc mtge 4 y2s_.
2038
J-J
|AChic Ind & Louisville ref 6s A—1947
J-J
ARefunding gold 5s series B.
1947J-J
ARefunding 4s series C—
^^.1947
J-J
A 1st & gen 5s series A
1966
M-N
/ A 1st St gen 6s series
May 1966
J-J
Chicago Ind St Sou 50-year 4s
1956
J-J
B
1st
51
..."
J-J
AGen gold
&
6%
J-J
4s-_.___-___-_.1949
series
5s
mtge
AGen
Baltimore
120
J-J
Chicago & Erie 1st gold 5s__
106
'ixtj.
—1948
mortgage 4s_
Second
Atl Gulf & W I S3 coU tr 5s
16%
110
102%
5
7.91%
M-S
Division
A Gen
*8
110
1952
1948
Oct
14%
'
Chicago & Eastern 111 RR—
1123/4
1964
A
15%
1989
1989
...
1st & ref 4%s series B___
114
HGii
102% 103%
J-J
coll gold 4s_
6%
___1946
gold 4s__
registered
'1st & ref
1097a
103% 103%
J-J
1996
registered—
General 4s
106
111
*109
J-D
1944
—,—1944
July 1952
30-year 5s series B
4s
1097a
11
1103i 110%
M-S
cons
2d consol gold 4s
Illinois
118
105
'114%
L
I
105%
'102%
J-J
1st
233/4
54
A-O
Chicago Burlington & Quincy RR—
- Illinois
division 3 %s
1949
-
109% 109%
1958
Atl Knox & Nor 1st gold 5s
136
J-J
1992
t A Chicago & Alton RR ref 3S
103% 1067a
13":
D>iv 1st
R & A
.
1960
Atl & Charl A L 1st 4%s A
50
41%
16%
J-D
1996
Potts Creek Br 1st 4s
71
-
—1962
—i
-
89
:
A-O
1948
Ref & impt M 3%s series E
,
74
61
44
69
1st & ref 4%s A
gold 4s of 1910
Cal-Ariz
Prod 5%s A....
Chesapeake & Ohio Ry—'.-. i
General gold 4Vis
Ref & impt mtge 3%s D
1037a
1037a'
70
72
Trans-Con Short L 1st 4s
Conv
68%
3
37%
94%
Certain-teed
107 V'-r 109%
109
113
103%
Nov
M-N
3-D
J-D
1995
—1995
-1955
55
19
'
109'A
«
1955
Adjustment gold 4s
3O3/4
80%
14%
F-A
3v2s
Stamped 4s
——
Conv gold 4s of 1909
51
41
109%
'
A-O
1995
1043%
1023%
16%
A-O
Topeka & Santa Fe—
—
60 Va
98
A-O
Light 3%s—__.__.1966
gtd gold 4s_1949 '
Through Short L 1st gtd 4s.
.1954
Guaranteed gold 5s
L
...I960
SACenlral RR & Bank'g of Ga 5s_.1942
91
113%
109%
A Anglo-Chilean
General 4s
8
753%
Central Pacific 1st ref
103% 10574
6
106%
48
102%
50
Central N Y Powet 374S—L.___—.1962
110
78%
104/
101
g
41
,
A-O /'
J-D
M-S
*
A-O
/ M-N'
Ann Arbor 1st
Atchison
31
a
;
69%
'
58
'
110
M-N
registered
...1987
A General 4s._—...
.......1987
4s registered...........
1987
84%
107
421
106% 106%
87
•
102- 106
9
89%
88
50
P-A
5s
62
23
*
•
95%
53%
'
la
109% 109%
1041/2
•
78
69% <
105% 106
"'891/4
■\
26
81%.
69%
-A_\;
1
M-N
-
J-D
1st gtd 4s______1961
tACentral of N J gen gold 5s__...1987
103%
I 60 y2
84%
80
58
100
107%
3
103 3% 104
58
High
62
3
98
70
83%
80
v'lll-.
M-5
M-S
1949
Corp conv 5 V^s
t
94%
139
93%
.s*" ,'69 '/a
P-A
.
;
*•
A-O
Alleghany & West 1st gtd 4s_——1998
Allied Stores Corp 4%s debs
1951
Allis-Chalmers Mfg conv 4s__:
1952
Am & Foreign Pow deb 5s
2030
Am Intern at
;'"V r '••94 Vi
\"'84
J-D
1949
...
907a
44
104
Low
38
101% 102
JACent New Eng
101A 102II
100
107% 108'/a
101%
& gen
Central Illinois
——1944
modified--—
5s
98
No.
104% 1043%
1945
i
100
•
Range Since
January 1
Sold
1043%
Nov 1945
'..
Bonds
High
J-D
...
/".//'
Alleghany Corp—
Friday's
J-J
1959
5%s series B
ARef & gen 5s series C._
•.
l4 1959
AChatt Div pur money gold 4s_. 1951
A Mobile Div 1st gold 5s..
1946
•
94"% '100%
/
'
—
"
62
100 '/a
or
Low
71%
48%
11
75%
*102
J-D
—1940
5s
A
cons
4s series B
72 Vi
*102% 103
1943
10-year deb 4%s stamped
Southern
75 Vi
Week's Range
Last
Sale Price Bid & Asked
High
70V2
J-D
J-D
M-S
1947
-
cons
Period
tSACarolina Central 1st gtd 4s— 1949
—1953
1953
—1948
AStamped
Gt
Interest
Exchange
Carolina Clinch & Ohio 4s
Adams Express coll tr gold 4s
Coll trust 4s of 1907
1st
Stark
Week Ended June 18
Railroad and Industrial Companies
JAbitibi Power & Paper—
8 A 5s series A unstamped
Ala
Friday
'
Bonds
Sale Price Bid & Asked
Low
2325
105
1113%
108% 115
'X.'
2326
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, June 21, 1943
NEW YORK BOND RECORD
Low
J-J
.1961
F-A
.1940
A-O
109
January 1
Low
No.
High
111
*;:A
28
102%
104'A
A-0
106
105% 106
59
105'A
107
106% 107
24
105%
108
J-J
108%
108% 109'4
3
10634
J-D
105'A
104% 105%
43
103%
105%
10
31%
J-J
1955
1956
Coal s f 5s
mtge 3'As
—
f debs
Crucible Steel 3'As s f debs
Co 2'As s
series A extended
A7'As
f 110'A
M-N
:
M-N
>"
■
20
Gold 3'As
108'A
'
109%
110%
11
110%
111%
107%
108%
*110%
Vj\"
J-D
to___—1946
;
.
M. —
30
42%
36
■
.
42
48'A
37
11
48
^
v. ;
39 %
100'A
J-J
37
;
;-v":3
43 Ya
56%
40 %
40%
*108% 110
B
>24%
-45
13
104%
105'A
1
101%
102%
3
102%
104
47
393
24%
245
•:*' 6%
102
43%
45%
78
23%
46
J-J
43%
44%
55
23 %
46
A-0
J-J
66%
77
1972
106
'
\
A
Jones & Laughlin Steel
45'A
85
105%
104%
10734
*97%
M-S
•
3 'As
92
gtd gold 4s._ 1990
*§AK C Ft S & M Ry ref gold 4s_1936
ACertificates of deposit-
~1
95%
77
100
63%
80%
77%
79%
145
66%
85%
4%
4%
4%
i8
1%
12%
12'A
31'A
187
18'%
38%
Kansas City
17'A
10
6%
17%.
Kansas.
98
Kentucky Central, gold 4s.:
1987
Kentucky. & Ind Term 4%s__.
1961
.
■— L———1961
'
*1.11%
...
*46
J-D
V.
—
*29%
\
>
110
110
J-J
Plain
-
1961
-
34
Kings County EIX & P 6s
103'A
Kings Co Lightirtg 1st 5s
•I 1st & ref 6'As__
■.
106'A
108'A
23
1101/2
109%
•
14
:
1
;
*107'A
.—.
J-J
108
.1950
101'A *
J-D
V 109'A
151'A1
;
*
.1965
y-t
A-O
1965
stamped
5s
A-0
•x.'.'v
77%
■
—
'
V—
•
79%
77 %
Coll
86
94%
79%
80
61%
82%
78
17
61
81
71%
72%
52
73%
71%
105 »/4
ref
&
5'As
62
69%
78%
107% 107%
15
105%
110%
114
114
114
1
111%
114%
60
60
20
46
61
89
89
1
85
92%
93 %
93'A
'9374
—
*82
90
172
172
83
'106%
*108%
64
107
108%
107
107
13
105'A
108%
100% 103
10
100%
103
*3%
Af-S
1%
3
98%
168
85'A
100% 100%
A-0
F-A
97%
-97
98 V4
F-A
97'A
97
98'A
59
••
J-J
97%
J-J
.2015
58%
1947
96%
57%
M-S
100%
92%
135
98'A
59
55
175
*107
M-N
1971
-t
.-"/A
100% 100%
106%
-
2
99
■
98'A
61%
106%
100%
1961
&
1974
ref 5s series A_.—
103'/s
J-D
MS
.
-
-
X '32
X; 34
35
11
M-N
10%
10%
—
11
10%
7
11
V.
M-N
93%
93%
41
20
13
38 %
4'A
4%
14%
102%
80'A
15
1949
1949
Gen
Oct 1 1945
1934
1956
Gotham Hosiery deb 5s w w
1946
Grays Point Term 1st gtd 5s
1947
Great Northern 4'As series A
1961
5s
tAGeorgia & Ala Ry
<
»
Caro & Nor 1st ext 6s
Goodrich (B F)
1st 4'As
t§ AGa
1952
1973
1976
1977
1946
General 5'As series B
General 5s series C
General 4'As series D
General 4'As series E
General mtge 4s series G
mtge 33As series I
AGreen Bay & West
ctfs
deb ctfs A
&
1st
98
101'A
52
19
34%
30
55%
47'A
2
106%. 107'A
33
7
109
22
102%
111%
106%
19
92'A
107'A
98'A
64
83'A
99'A
96'A
J-v
97%
169
83%
98'A
;
103%
103% 104%
102 3a
102 ijj
j'ii
J-J
J-J
102'A 102'A
106
89%
167
89 3A
88%
*57'A
Feb
12'A
Feb
103
81
99 >/b
102 Oi
99
.
75%
105%
104
103'A
65
13
42
9
14%
107%
106'A 107%
46
91%
107%
A-0
105'A
103'A 105%
254
87%
105%
1975
J-J
94'A
91%
94%
214
69%
94%
2015
J-J
67%
67'A
69'A
83
54
69'A
•
&
ref Term M 5s stpd
1952
i
J-J
97
1-1961
„1969
104
A-0
Gulf States Util 3'A* series D
104
M-N
104
1
*.111
—
97
111%
Houston
Hudson
Oil 4'As
Coal
1st
Hudson
Co Gas
Hudson
&
I
1st
1999
J-J
5s
series
A
1937
J-D
1949
Feb 1957
56'A
F-A
A-O
1st 5s A
59
29'A
income 5s
56
127
86%
56%
♦118% 119
•
;
s
'
AAdj
84%
104'A 104'A
M-N
1957
gold 5s
Manhattan
86
M-N
1962
*129'A 130'4
•
M-N
1954
debs
s
& Ark
46
80
2
103
>
74
—
—
40%
117%
7,
130
88
:
;
:
-
376
46%
61'A
26%
31
453
19%
31
4
101%
1951
1st
3'As
gold 3s sterling
Collateral trust gold 4s
Collateral
lines
trust
For footnotes
J-J
1951
A-O
1951
Refunding 4s
Purchased
J-J
1951
gold
*98
—.
100
97
95%
*44
M-S
1952
*95%
61
A-O
97%
—
—
65
62
—
31
1955
3'As
gold 4s
see
page 2328.
M-N
58 5a
57%
58%
288
1952
J-J
56'A
55'A
56'A
24
1953
M-N
59'A
58%
59'A
168
4
136
73'A
73
36%
35
37'A
334
66 »A
71
44
66
52%
75%
42 %
36 U
27
28%
40
39
41'A
153
32%
45
31%
41 %
*36%
38%
46
72
70'A
72
—.
'
*122'A
—
Af-S
Af-S
Af-S
F-A
-
107%
109%
122%
106
106
5
103%
104%
2
99%
102%
102% 102%
13
98%
102%
102% 103
103
10
98%
107%
110
~7
120%
122
.
*107% 108
90
90'A
78%
94%
2
109%
110%
103%
104%
103%
107%
94%
102%
-V
107% 107%
45
95%
15
89%
:
9
101% 102%
95%
102'A
91
57
92%
102%
102
'
106% 107
10
•
97
"85
'•8
104% 104%
88%
-
—
series B ext———1960
J-J
Paducah & Mem Div 4s
—1946 V:-.;.; - F-A
St Louis Div 2d gold 3S;
198O
Af-S
Mob & Montg 1st gold 4'As
1945
M-S
South Ry joint' monon 4s
1952
J-J
Atl Knox & Cine Div 4s
1955
Af-N
103
65
91
110% 110 %
*103%
104%
J-J
;
107'A
121'A
■
102 % 102'A
A-0
A-O
bonds
1
103% 103%
A-O
2003 '
13/;
—
121% 121%
J-J
M-S
Af-S
gtd 4s—^—1945
75
120
105'A
*106
A-0
•
50
55%
115
*107'A 108
■
A-O
1960
35%
46
105% 106
106
M-N
1951
/
80
■
*120'A 122
•"
F-A
;■
-
'
J-J
A-0
4s——-—1955
1944
1st 5s series A—1969
29%
34
39%
43%
62%
60%
103'A 103'A
67%
56%
A-0
A-O
ref 4s series D_
105'A
102'A
^
106%
109%
104
105
'
*104%
88%
105
Z
88%
10
105
78'A
88%
1
105
98%
93
94
98'A
110% 110%
> 1
110
110%
97%
98'A
;
105
m
103%
100%
92%
97
96
96%
60%
60%
,J-D
;, J-D
.y' M-N
1953 '
Af-S
1959
Af-N
1945
i
Gen mtge 4'As-series A——
1960
Manati Sugar 4s sink fund__Feb 1 1957
Maine Central RR 4s series A_
(South Lines)
AManila RR
l
73
45
2003
series-E——2003
Unifmtge 3'As series A'ext
_1950
&
*
*
Steam
Shovel
Stamped
IA Market
4s
s
'
•
51%
65
McKesson
47
59%
Metrop Ed 1st 4'As series D
43%
57%
Merop
46%
61
&
Wat
Robbins
Sew
&
t§AMet W-Side El
3'As—
68%
A-O
101%
A-0
101'A
•
:
.
J-J
1956
Af-S
1960
Drain 5'As
1950
(Chic) 4s—1938
•
Q-A
A-O
1945
1955 :
,
-
54
66%
*25%
J-J
—
(Stamped-mod)
■
;'"x
92%
55
68
*
A-O
F-A
-97
68'A
94
59
70
45%
—
.
45%
—
68
V4
i
2
•
39
68'A
101'A 101'A
1
100'A
103
101'A 101'A
5
100
101 'A
89%
98'A
105'A
105%
108% 108%
94
106'/a
108%
112% 112%
5
111'A
113%
95%
*108%
108%
84%
•
47'A
49'A
13
42
*41
1947
•.
ext 5s
McCrory Stores deb 3V*--~
66%
1941
f 6s
——
St Ry
*90%
54'A
...
Bay & North-
gtd 3'As—
western 1st
Marion
1st gold 3'As
Extended
1st
J-J
74%
71
Af-N
1951.
A Manitowoc Green
1981
73
67%
75
71%
ZL'yr.:^'
118
56
Central RR—
1st gold 4s
93'•
72
54 %
—
1951
AManila Elec RR & Lt s f 5s
Illinois Bell Telep 2%s series A
71%
105'A
I
Illinois
86
71'A
Af-N
A-O
Called
H
Hocking Valley Ry 1st 4'As
t§AHousatonic Ry cons gold 5s
89%
,88 %
56
v.:
Unif mtge 4s
;
94%
100
88%
71'A
ref 4'As series C—_——2003
;; 1st' &
104
110
9734
87
75
*67
'• 'iJZ ■'
1st 50-yr 5s gtd_——1965
Louisyille & Nashville RR—
T" 1st-& ref 5s series B
1
'
102%
94%
19
*68
Af-N
1st & ref 3%s
Gulf States Steel s f 4'As
20
94%
*87
F-A
J-J
2003
2003
2003
2003
—2003
debentures——i——
1st
' 96%
67%
Little'Miami- gen 4s sferies A——1962
Long Dock Co 3%s ext to—1950
Long Island, unified 4s—
1949
-Guaranteed ref gold 4si
1949 '
4s
stamped_^-ii_;
1
—1949
Lorillard (P) Co deb 7s
1944
Ship Island RR—
92'A
i1'
/;
Lou & Jeff Bridge Co
A-0
92%
75
.
Louisiana
69%
78
69
*87
F-A
,
1954
gtd 5s
Louisville Gas & Elec 3'As
68'A
25
90%
100
1954
,
Val Term Ry ext 5s—
[5s
90%
73
91%
—
.
13
102%
J-J
96
~' 93%
52
.
—1944 *
;' 5s debenture—
97%
106
98'A
—
90
41
v
M-S
Liggett & Myers Tobacco 7s
111
89'A
90
1974
Libby McNeil & Libby
97
18
•
111'A 111'A
101%
97
93'A
80
94'A
;V
1945
5s;, stamped—
Lex & East
107%
99'A
12
101'A 101%
110% 111
111
105%
■,
83'A
88
90%
Z
Harbor Term
93
73
A-0
-
;
•••••■•
Valley RR—
:'t 4s stamped modified—
4s registered-^
A
4'As .stamped modified
4'As- registered--——
5s stamped modified-—
Leh
1950
mtge inc 5s series A
'it
sink fund 5s__
•
_1950
5'As B
mtge 5s series C
V
Lehigh Valley N Y 4'As ext——1950 V
94
9
28
*97%
J-J
_
Gulf Mobile & Ohio 4s series B
Gulf
101%
J-J
J-J
J-J
B
Gulf Mob & Nor 1st
AGen
107'A
—
Gen
101'A
47
J-J
J-J
v:
101
26%
J-D
—1946
1967
mtge 4s series H
1st
101 'A
J-D
MS
Called bonds
Gen
A Debentures
J-D
J-J
■ :
■_
stamped.'—
Leh Val
:
Co cons 5s
Steel Castings 5'As
S
1
101'A
71%
-1954 - ' '
1st & xef sink fund 5s—
—1964.
F-A
5s " stamped—1
1964 \
—
1st Si ref sink fund 5s—_—:—1974
F-A
Lehigh
Gas & Elec of Berg
;
5s f stamped---;—'.
'5s
"
102%
1177
94
*,
v,
43
28
;
*103
J-D
1956
fir#
.
2", ^st & ref
85
98%
19%
133
35%
35
i
■
r-
\
98'A
•;
99%
91%
J-J
7
•'
72
Dec
J-J
—-1965
":
103'A
76%
;
4
■
35%
tFonda Johns & Glover RR-
1956
99 ;
83
96
'
:
1982
96
__
deposit
of
ACertificates
;i:7'
103% 103%
*100'%
—
*85
mtge income reg
Lehigh Valley Coal Co—
J-J
*91
12 J-D
.
.
1st
Lehigh Si N Y 1st gtd gold 4s
Jf-N
1943
1959
101
••
.
4
Lehigh'& New Eng RR 4s A
F
101
J-D
3'As-—1997
1997
L—1975
Lehigh Coal & Naw s f 4'As A
1954
Cons sink-fund 4%s series C
1954
a
V•
A 1st
registered—j.
3'As
J-J
98'A
•
•
x
.•
101
85
\
■
1947
Lake Sh & Mich .Sou gold
80%
172
10634
Af-S
; :
to
Lautaro Nitrate Co Ltd— ■"/;
1995
"
3%
5s extended at
81'A
65
82
170%
Af-S
-
■;
105
1953
1960
series C
Lake Erie & Western RR—
2
75
62%
74%
107%
l
"V Coll & ref 5'As series D
101'%
12
:vi:;
77%
Railroad Co-
Erie
100%
102'A
101 »A 101'4
*106
MS
1970
64
96%
78%
•
12
46%
94
5
-1945
Laclede' Gas Light extd 5s
103
2
*151%
:
%
77'A
J-J
—-1961 .
-1950JAKreuger.& Toll 5s ctfs«——1959
Koppers Co.1st mtge 3'As_
Kresge Foundation 3% notes
33'A
111 A
148
■%r
108'A 108%
M-N
87
*95%
J-J
a-0
J-J
r
A-O
6
"f
95 ;
J-J
.
1954
1954
unguaranteed—.
4'As
107 .'
31
■
-
—1961
i—1997
98%
102%
./i 1
107% 107'A
J-J
Stamped
51
40
12
102% 102'A
A-0
106%
•l
impt
26
-
38
98%
63%
94%
102
78%
A-0
J-J
J-J
J-J
J-J
J-J
Southern Ry 1st 3s
1950
5s
Apr 1950
City Term 1st 4s
—I960
&
85%
40
971/4
98%
M-N
111'A
104%
48
*30
J-D
112%
110%
10
61%
95
f
110%
—
106'A 106%
106 %
J-D
89
-
61'A
A-0
A-0
'
3%
11
98
102
75
77'A
Kanawha & Mich 1st
3'A
•
j
J-D
J-J
184
-/t'x
70
102'A
9
-
K
22%
104
38%
13
106%
79%
.
1961 t
18%
102
,
1959
Frankl Si Clear 1st 4s
48
77
F-A
—1955
1951
-
104 % 105 %
J-J
F-A
,
'
64%
64%
M-N
1947
Debentures 5s,_-
----
MS
10
29%
108%
44%
45%
20
'
42
108'A
J-J
1955
6'As
& ref
102
98%
82
18
10'A
17'A
.1995
89
98%
16
108%
39%
*97
.1956
54'A
53
*92'A
107"
103'A
--
21%
111% 111%
M-S
1948
60
17%
9%
"-A:;;.
M-S
Minn Nor Div 1st 4s.
East Ry
47%
A-0
9'A
J-J
3'As_——1965
80
208
46
Telep & Teleg deb gold 4'As—1952
r...
James
73%
108%
361
A-0
1950
1st M
:
38
M-S
Ry 3'As—1962
Shore & Atl gold 5s—1937
DuQuesne Light
lien
1st
•
Ref
Dul Miss & Iron Range
62%
57%
56
i'M
J-J
9%
,
A-O
Dodge 4s ctfs
1935
1st gtd 4'As
1947
4s series F—:
1965
Gen & ret mtge 3'As series G—1966
Gen & ref 3s series H
1970
Detroit & Mackinac 1st lien gold 4s 1995
ASecond gold 4s
1995
Detroit Term & Tunnel 4'As
1961
Chemical deb 2'As
Hydro El,deb 6s
107%
101%
11
T
105'A
'
^
80
1944
1947 s,.l
B
Int Rys Cent Amer 1st 5s B
'
103'A
4 '•
64
12
79'A
J-J
MS
;
9'A
F-A
Edison
ADul Sou
35%
39%
F-A
tADes Plains Val
Dow
103% 103%
105
•37
J-J
JADes M & Ft
Detroit
—-
56%
443
-
1978
impt 5s series B
103%
J-J
(subject to plan)
A Assented
ARef &
105%
—
71%
104% 104%
104%
J-J
—1969
gold 4s—1936
1936
5s
Aug 1955
JADenv & R G W gen
"68%
J-J
t§ADen & R G 1st cons
§AConsol gold 4'As
series
Internat Paper 5§ series A &
Ref sink fund 6s series A
'
*101%
48%
1956
gold 5s series C
'
mortgage 4'As——
1st
5s
A 1st
'
70%
59
58%
1956
A 1st
Laternat
96%
*107'A 109
'
—
.
M-N
75
47%
r
21
v-
J-D
Union Ry 3'As series B—1965
Hudson 1st & ref 4s—1943
Delaware Power & Light 1st 4%s__1971
1st & ref 4'As—
—1969
deb 4s
conv
48'Ak
26%
57
1st
JAIowa Cent Ry 1st & ref 4s
J-J
*970
3s__
P & L 1st mtge
75%
"
95
*79
J-J
I-' A Adjustment 6s, series A—July 1952
D
Dayton
63'A
Inspiration. Cons, Copper 4s
40'A
,
27'A
3
Inland Steel
r.
Dayton
62%
102% 102%
21
J
Int
Delaware &
62%
>
104% 105
40%
99% 100'A
A-0
1955
T-U- 9
A-0
A-O
51
*45'A
58%
A-0
38
48'A
58%
1947
17
36'A
58%
mtge 3s series F__1961
1952
50
36'A
%!
• < ■
39
*35
J-D
1946
.
yJ
1956
1986
;
27
*45%
-
«
ADeposit
42
54
37
48
14
J-J
tAInter-Great Nor 1st 6s series A.1952
-A
57'A
'
44'A
50
J-J
gold 4s_—
tAInd & Louisville 1st gtd 4s
Ind Union Ry 3'As series B
32%
37'A
56
<"■ J-J
11950
1st
25
39
—
Ind 111 & Iowa
Interlake Iron
36
'
J-D
96%
36%
58
63%
"
J-D
110
44'A
61
1963
101%
43%
J-D
91%
75
.1963
ref 5s series A
1st
1st & ref. 4'As series C—ji
93
-•?
4
75%
74 %
57%
108%
96%
67%
75%
F-A
101
96'A
54'A
85
'
J-J
F-A
J-J
3
101% 101%
.*'••
?.?/V
179
^VKr
93
*92'A
J-J
1951
23
—
-
A-O
51%
High
56%
42'A
91
109%
;:'A 14
*108% 108%
M-N
—1952
receipts
A 6s series B extended to
ADeposit receipts
Curtis Publishing Co 3s deb
—
January 1
Low
No.
111 Cent and Chic St L & N O—
111% 111%
A:,;
-
—
Range Since
Sold
65%
50'A
51'A
J-D
1951
1st gold 4s
Western Lines
103
92
:
.
.1951
__
;; r Springfield Div 1st gold 3'As
51 'A
32
•'
'
'
110% 110%
'
J-D
1942
Northern Ry 1st 5'As
A Deposit
receipts
ACuba RR 1st 5s gold
A Deposit
receipts—-—
§ A Cuba
•
41
*109% 110
M-N
1967
1970
1966
1969
1950
1955
;
mtge 3'As
1st
Crane
51'A
33
41
102%
.
Joint
mtge 3'As.:
1st
102
41
.
,
3'As
mtge
1st
*40
'
M-N
1st mtge 3'As
1st
*40
V-^
;
J-J
Power Co—
Consumers
40'A
J-J
1960
41
:K
J-J
Bonds
V
High
64
64
F-A
1966
51'A
A
1954
Consolidation
4%s
-1950
Litchfield Div 1st gold 3s
1951
Louisville Div & Term gold 3'As_1953
Omaha Div 1st gold 3s_
1951
St, Louis Div & Term gold 3s____1951
109'A
debentures
Week's Range
or Friday's
Sale Price Bid & Asked
M-N
1953
Cairo Bridge gold 4s
106 »A
A-O
1951
3'As
103 ;^-
102% 103 %
1958
3'As
Last
;.
Period
rtefunding 5s
1956
debentures
debentures
A
Low
108
109
.1948
debentures
3%s
Interest
18
Illinois Central RR—(Continued)
108
A
Friday
-'.-.-v..
Exchange
High
16
109%
Stock
Week Ended June
40-year
Consolidated Edison of New York3'As
New York
Range Since
Sold
*109% 109%
.1951
"
BONDS
Bonds
Friday's
or
Sale Price Bid & Asked
Period
Ended June 18
Week
Last
Interest
Stock Exchange
New York
Week's Range
Friday
BONDS
*__
11%
25
97
__
96
84
,
11%
6
6%
90%
11%
-
'
2327
& FINANCIAL CHRONICLE
THE COMMERCIAL
Number 4187
Volume 157
NEW YORK BOND
,v
RECORD
Exchange
New York Stock
;
.
Interest
:
dr
Asked
Low
■
&
M-N
1952
impt 4'As series C
....
r
A
ref gold 4s__
&
Ref &
—-—
54%
55
/
.
<
38
60'/a
28
53
174
65
9
26% '
.
V;
'
•:/ 7 'A
^
13
13
consol 5s—
§ A 1st
gtd as
§ A 1st stamped 5s
1949
i.
5 Vis
A25«year
J-J
J-J
191
57
58'A
/':• 89
40%
63
45 %
68
33%
'49%
47
51
52'A
56'A
30%
32
—
31
i
4s
General
A
ref 5s series
Alst &
.1975
P.—i——1977
gold 5'/aS
.
gold 5s series H
ACertificates of deposit
Alst & xef 5s series I—
ACertificates of deposit
.1949
1980
deposit
of
ACertificates
& xef
A 1st
>
ii
M-N
52%
53%
F-A
Monongahela Ry 3 'A s series
Monongahela W Penn Pub
1st mtge 4 % s
1
Serv—
,
M-S
—1965
Montana Power 1st & ref 3%s____1966
Montreal Tramways 5s ext
—1951
Morris & Essex 1st gtd 3'As——2000
Constr M 5s series A
1955
Constr M 4'As series B
1955
Mountain States T & T 3'As
.1968
Mutual Fuel Gas 1st gtd 5s
1947
%
112% 112%
A-O
'ft
.113%
111 'A
112%
113%
103%
107%
10
107%
10
93%
48%
•
49
51%
49%
•
v
>
9
~
48
50
93%
63
.
89
.
93%
• •
122
:
/•;■;.
51%
37%
57
35'A
V
50%
=
'
43%
44'A
45
31%
46
w-f
*109% 112%
*110%
108%
V
11.1'A
N
■
Dairy
Nat
Distillers
gtd 4'As series B
1961
RR gtd 1st 4s
1986
N J Pow & Light 1st 4'/2s.
1960
New Orleans Great Nor 5s A..
1983
N O & N E 1st ref & imp 4'/2s——1952
New Orl Pub Ser 1st 5s series A..1952
1st & ref 5s series B
1955
New Orleans Term 1st gtd 4s
1953
/
of
ACertificates
deposit
series
5'/2s
ACertificates
—
—
N
22
J-J
F-A
A-O
A-O
A-O
Af-N
J-J b
J-J
F-A
F-A
F-A
F-A
1952
1997
1997
1998
-1998
1998
1998
& Hud River 3'/2s
registered
gold 3'/as
3'/2s registered
;
Mich Cent coll gold 3'/2s
3'/2s
Lake Shore coll
registered
73'A
69
52%
61'A
'
75'A
47%
71
62%
243
51%
67%
4
99%
101%
57'A
409
47%
62
62%
63%
267
78%
1
67
67'A
86
74'A
87%
69 y8
70%
50'A
44
48%
66%
8
47%
61
145
79
79
79
68
68%
43
63%
63%
1
61%
63
58'A
60
:
'"■ :V7'
.
-
/
Chicago & St Louis—
Ref
5'/2s
series
4 y2s
series
C
1st
6s
RR 3'/2s A
1st gold 4s
N
Y
;
Y Connecting
Dock
Conv 5%
1st
lien
&
8i
series D
ref 3'As series E
Y
Y Gas El Lt H &
Pow gold 5s_..1948
Purchase money gold 4s
Y
&
Y Lack &
N
gold 3'/2s
Harlem
West 4s series A
4'/2s series B
NYLE&WDk& Impt 5s
J-D
F-A
>
—1949
—2000
1973
1973
—.1943
Af-N
Af-N
Af-N
J-J
88
77%
97
91%
76
80
240
Peoria
&
Pere
*N Y New Haven
ANon-conv deb
deb
ANon-rOonv
& Hartford RR—
74'A
100/
85'A
'A 101
5
'•99
44
101
106%
29
65
86
94%.
95
/
116
ANon-conv
deb
deb
109
110
1st
115%
117'A
in;
•/
-2
71%
72%
112%
78%
6
/
100'\
ANon-conv
ADebenture
AConv
deb
deb
J-J
1940
A-O
65
1957
of 1927—1967
M-N
J-D
4s—______
certificates 3'/2s
6s
§ACollateral trust 6s
ADebenture
4s
Alst & ref 4'/2s series
''v.
1st
.1954
4s——
N Y & Putnam
1st cons gtd 4s_
El Lt & Pow 3'/2s
Y Rys prior lien 6s stamp
Y Steam Corp 1st 3%s^__.
N Y Queens
N
N
For footnotes see page
2328,
Af-N
1992
M-S
__1955
4s
AGeneral
1993
J-D
A-O
1965
1958
1963
M-N
J-J v
J-J
ref
&
;
31%
12
v/.,31%
6
"•
/
mtge 2%s
j-j
52
of
*109'A 109%
Pittsburgh Cine Chi & St
Series D 4s guaranteed
Series E 3'As gtd gold
49
>49%
49'A
37'A
62%
63%
106 i
49 'A
78
Series
8%
21
Gen
mtge 5s series A
36'A.
55
Gen
132
70
234
'
-
52
33
/ 32
%
53
'
-
.
100%
100'A
133
90%
9%
9%
10%
76
6%
5
4%
5'A
66
2
56'A
22
110'A no'A
5
110
111%
108 % 108 %
7
105%
108%
100
: 54
108% 109%
110 'A
110
106'A
22
99'A
103'A
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7
96
92%
—
111 %
111%
25
111
112%
111%
111
111%
11
110'A
112
109
111
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105
3
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1
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99
19
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5
108%
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3
109
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99
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1 • J-J
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77
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2
87
77
^ 103%
4
103% 103%
1
89%
11
103
88%
89%
99'A
104
12
105
104'A 104%
F-A
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109% 110
105
\
105
102%
104%
67
78
100%
105
103%
102%
57%
92
116%
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"
102% 102%
108
117%
Seri >s
'
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Series
•v.
Series
41'A
'
12%
7
58%
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Pitts
Coke & Iron conv
Pitts
1
Steel
105%
35
102%
102
109
14
106%
109
105% 106%
33
98%
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110%
109% 110%
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108%
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110% 110%
10
103
107
y
108
.
-:
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63
88%
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122
122
%
8
119%
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108%
107% 108%
100
101%
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113% 114%
20
108
115
95%
62
89%
102% 102%
102% 102%
48
96 %
103%
46
95%
103%
98%
223
112% 111%
14
114
•
v
95%
102%
102'A
97%
111%
J-J
J-J
Af-S
J-D
J-J
Af-S
J-D
J-J
Af-S
Af-N
122
94%
97%
90%
111
55%
56%
3
11%
✓
Apr
F-A
97
96%
97
M-S
12%
19
44%
88%
87%
88%
97
98%
112'A
58%
5%
79
14%
106%
*106'A 106'A
106%
72%
64%
90
73%
78%
79%
37
73%
73%
158
57%
76%
106% 106%
79'A
46
104%
106%
115
*110
133
112'A
112
112'A
19
103% 103%
4
39
40%
93
14'A
15%
153
39
14%
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102'A
121
115
108%
111%
103% 104%
100 n
111
1
115
104%
103%
83
118%
10032 100
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111%
96
104%
110%
112'A
102
103%
20%
8%
40%
15%
104
105'A
104%
105'A
__
Af-S
J-J
105'A
35
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12
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4%
7'A
71
104%
110'A
105%
105'A
105
109%
109% 110
7%
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J-D
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1970
4'As A____1952
1950
series B
;
« Pitts
Va & Char 1st 4s gtd
Pitts & W Va 1st 4'As series A
1st mtge 4'As series B
V1st mtge 4'As series C__-
106%
106
Af-N
A-O
F-A
J-D
J-D
A-O
A-O
J-J
A-O
J-J
-
•
1950 ■1943
1958
1959
•
1st mtge 4'As—
1st mtge 4'As
108%
.
108% 109
104% 105%
*108
Af-N
A-O
103%
106%
101'
104'-
109
,
.
102%
24
106%
A-O
J-J
F-A
• F-A
.
2
1
108
106% 106%
106%
F-A
J-D
mtge 5s series B_..._._.—1975
4'As series C_—
—_—1977
17'A
45
107'A
109%
111%
*4%
1945
Af-N
1949
F-A
F 4s guaranteed gold.
1953
* J-D
G 4s guaranteed
;
1957
" Af-N
H cons guaranteed 4s—.I960 ' ' F-A
I cons 4'As
1
1963 '
F-A
J cons guaranteed 4'As—1964
Af-N
247
16'A
106'A
19
8
Louis—
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42%
•
110
110
102% 103'A
„i
J-D
1951
Petrol l%s debs
65
17'A
——•
109% 110
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—
49%
44%
.
108%
ft
-
105%
109
—ft
.
5
,
.
deposit
41
109%
*105% 106%
105
1st s i 4s._—.1937,
47%
102'
■
106%
'
J-D
J-D
J-D
J-D
J-D
s
1963
debentures
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39'A
•
.
110
102%
'
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110v4
107
104%
*103'A 104'A
110'A
107%
6
14
109%
109'A
109% 109%
100
106%
108'A 108'A
j-j
1962 *
48'A
v
19'A
12
100
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8
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N
j-j
1971
,
:
..1973
.1949
41 /'/
110'A
311
108% 109%
j-j
1967
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43%
54
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16%
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'
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41
100'A
112%
-
1961
Gen
JAN Y Ont & West ref gold 4s
110%
111%
*105% 106'A
1981
40 %
t A Harlem River & Port Chester—
109%
3
„
1977
D
v-:
■
24
——
f'As series C
40%
42
/
42
109'/8 109%
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F-A
J-J
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101^
34
17
41
42
68%
ft
j-d
1952
4'As
3s
79'/a
60
101%
41%
•
68%
55%
■
1943
,1974
fPhiladelphia & Reading Coal—
A ref 5s stamped
AConv deb 6s_
1
Philip Morris Ltd deb 3s
74'A
55%
38
77%
39%
v.
81%
55%
27
m-n
1974
1956
1956
1980
Ry 5'As
Electric 1st & ref 3'As
Philadelphia
Phila
•100
40
4s„
66%
48
/ ''■'■/'-ftft
.
£___
series
gold
110
*100%
41'A
3'/2s
ANon-conv
-
5s
4'As. series
108
12
116
111'A 111'A
40'A
-
336
65%
19'A
j-d
1960
Marquette 1st series A 5s
General
3
41
1947
1947
—1954
..1955
1956
1956
__1948
79
65%
•
j-d
.
Apr 1990
4s—
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~9
110 -O 110
41%
3'/2s_.
77 %
64%
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74'A
109'A 109%
72'A
62%
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j-j
1
Eastern 4s ext
General
'
74'A
73%
*93%.
111'A
50%
50%
112% 112%
m-s
1963
1960
i
gold 4'As series C_
Phelps Dodge conv 3'As deb
Phila Bait & Wash 1st gold 4s
102
100% 100%
Af-S
Af-S
A-O
J-J
Af-N
J-J
4s—
•,'
1st
/Phillips
t.
4s_
& Pekin Union
Peoria
105% 106 %
100'A
40%
109%
—_——...
deb 6s_i____
Passaic G & E cons
.AIncome
94%
>
64'A
8
101 % 101%
Erie—See Erie RR
N
N
N
91%
>79 'A
10
97
'
1946
1st 4s series B._
A-O
A-O
A-O
1947
1965
—1966
notes
Y Edison 3'As
N
1947
1950
1965
1951
extended to
mtge 3'As
debentures—
N
A-O
M-S
A-O
J-D
A-O v
F-A
..1974
1978
—
55
49'A
60'/a
65%
J-D
Af-N
•
A
Ref
84%
42
57%
78 %
A-O
Af-S
*
New York
69
55
65%
1944
5s_1949
66
84
.
89
19
492
84'A
52%
80%
53
180
'•/ 82%
.
61
52%
81%
84
81 »/4
69%
72%
49
m-n a
'
55%
56%
129
89
59 »/4
m-s
'
101 A' 101A
61%
65
50
84
j-j
1981
Penna Power & Light 3'As
1969
4'/2s debentures/
i
.1974
Pennsylvania RR—
'
\
Consol gold 4s_
——1948 -r
4s sterl stpd dollar./
May 1 1948
Gen mtge 3%s series C
1970
Cons skiking fund 4'As
1960
General 4'As series A.
1965
General 5s series B
1968
Debenture gold 4'As
1970
General 4'As series D__
1981
Gen mtge 4'As series E
1984
V
Conv deb 3'As
1952
Peoples Gas L & C ref 5s
1947
tftft
*100
61%
113
J-J
Pennsylvania Glass Sand 3'As_
Pa Ohio & Det 1st & ref 4'As A—1977
71'A
49%
69
120
54%
F-A
Af-S
ctfs_:
1955
debentures_1956
—
Trans
;4'As series B
70
44%
"85
74%
_
•
1946
impt 5s series. C
71 A
ft-*'
bonds
'"■*/ Secured
.74%
1
72%
73'A
,■•/
20
■
103%
113
87%
89
Pennsylvania Co—1
/
.
Guaranteed 3'As trust ctfs D
1944
Gtd 4s series E trust ctfs
—1952
56%
50 .
51'A
,
68
*67
103
119%
48
Q-F
Q-A
J-J
J-J *
J-J
J-J
gold'3s loan
f
M s
Called
94%
48 /•■
•;/'
'•
68'A
68
68'A
105%
*54
Q-J
Q-J
Gas & El 4s
Paterson &
64%
50
,
71%
127%
103 %
107%
44%
70
71'A
124%
14
103%
103 %
deposit...
of
Coast Co 1st gold 5s_—
Parmelee
108
■•ft1!
2013
—2013
secured 3'As
3'/2s
71'
104% 105
A-O
1st
41
U'-.'
70
34
3
'6
127'/a 127 »/a
guarantee).1945
of-
Paramount Broadway Corp—
80'A
'ft 3'
^
34
..
Paramount Pictures 4s
91 Va
.406%
25
64
49
*107 /:.V
4s
80
106%
>-
69
(./
Y Cent
VV.
8
94%
*60
A-O
1954
A
of deposit—
10-year 3%s sec s f
& impt 4%s series A.:
&
93%
63
"
125 i
83% i 95 >4f.
6
*107% 108
94%
.—
——
Ref
Conv
/:
;>■:
.v.
107%
85%
29%
A-O
series G
1964
1st & ref mtge 3%s series H
:1961
1st & ref mtge 3'As series I_;
1966
1st & ref mtge 3s series J
1970
1st & ref M 3s series K
1971
§APac RR of Mo. 1st ext gold 4s
1938
§A2d ext gold 5s
1
—1938
Pacific Tel & Tel 3'As series B
1966
Ref mtge 3'/is series C
1966
Paducah & 111 1st s f gold 4'As
1955
Panhandle East P L 3s B
1960
111;,
73
94
93%
107 V8
•
108%
i
'
83
118%
77
23
*93% .97
94
.
122%
*81%
109% 109%
107%
-
,117
19
124% 124%
124%
F-A
Newport & Cincinnati Bridge CoGeneral gtd 4%s
.1945
N Y Central RR 4s series A __—.1998
Ref
117%;
117
,
119
82'A
'.;. 7oy2
7
F-A
1956
series D
ACertificates of deposit
4'/2s
Alst
v
60 v
A—
.1956
of
ACertificates
Alst
J-D
Af-N
F-A
A-O
deposit
C_
5s series
Alst
23
82%
A-O
.....1954
of
ACertificates
70
82'A
deposit—
series B
5s
Alst
116'A
llw
••
;
97
81%
A-O
;
106
82'A
117 'A
>
103%
103'/a
82'A
3-J
J-J ,
A-O
J-D
J-J
1935
Mex n-c inc 5s
f§AN O Tex &
101 »/4
<
82'A
J-J
J Junction
17
.39
104%
•*116%
J-J
1st
N
106'A
95
J-D
-
108
103'/a
;■
'
103%
104
82
105%
/
12
106'A
103
103%
Af-N
1945
1952
England Tel & Tel 5s A.
New
106
27
107'A 108 :-
106
A-O
1945
gtd 5s
fANew England RR
AConsol gtd 4s
108
M-S
.
1954
1948
fANaugatuck RR 1st gold 4s
Newark Consol Gas cons 5s—..
80
F-A
J-D
M-S
L 4s series A
1978
Prod 3'As debs
.1960
Prod 3'/2s
—1949
3'As sinking fund debentures—.1949
National Steel 1st mtge 3s___.
1965
Nash Chatt & St
73
39
guaranteed gold 5s
1945
mtge gold 5s (stamped can-
Pacific
Nat
26
46%
—
Pacific
68 74
37
80%
82%
44
112%"
•
—
80
80%
*29
110
167
-
105%
42
-
—...
■
107
22 %
110%
112%
102%
*105%
*112%
gold 4S.1948
1943
Ohio Edison 1st mtge 4s
1965
1st mtge 4s
•
1967
1st mtge 3%sT
1972
Oklahoma Gas & Elec 3%s
1966
1
4s debentures./
1946
Ontario Transmission 1st 5s
..1945
Oregon RR & Nav con gold 4s—1946
Ore Short Line 1st cons gold 5s_.^1946
1
Guaranteed stpd cons 5s
1946
Oregon-Wash RR & Nav 4s
1961
'Otis Steel'1st mtge 4'As ser A
1962
V
110
10
8%
no
o
104%
101%
,113
113'A
A-O
vf J-D
J-J
J-D
M-N
.
•
M-N
J-D
M-N
99
.
,45./
-
110%
109
111%
*111
Af-S
'
t§AOg & L Cham 1st gtd
Ohio Connecting Ry 1st 4s
29
202
18%
*110 Vi
w.:
16
90
109%
56'A
;;;
91%
A 3
110%
16
18
..
42%
35% ./57/-v
38
8
4-
85
557/a
\
;.6b% .i6t%
.
18
57
36%
T
y
104%-104%
6iy8
F-A
1960
;
.^
97%: 97%
M-N
'
•
debentures
6s
:
.
July 1938
4s_—1991
B—1966
36'A
.-4
426
55
14
5%
402
.
>
57 >
35% i 55 %
-
VA
57'A
56 *
290
-
f§AMissourl Pacific Ry—
3rd 7s extended at 4%
Moh'k & Malone 1st gtd gold
21'4
36'A
#:
r
—
.1981
102
55
52%
56'A
35%
668
11%
9%
: >./
53%
A-O
—-—
55
88
Af-S
1974
prior lien 4s
1997'
registered.
1997
./Gen lien ry & Id gold 3s._ ..Jan 2047"
3s registered.
!
..2047
:
Ref & impt 4'As series A
2047
Ref & impt 6s series B
2047'
'Ref & impt 5s series C_
—.2047
V ? Ref & impt 5s -series D__.
2047
Northern States power Co—
(Minn) 1st & ref mtge'3'/2S—...1967
(Wise) 1st mtge 3'As
1964
Northwestern Teleg 4'As ext.—
1944
57
35%
i
54%
53'A
10%
1974
cellation
/V
11k
'rTI"'
•-
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53%
54'A
42
*121
,
289
12%
*110
O-A
F-A
F-A
Northern Pacific
38
V
35%
1,0.71
52% 1 55'A
53 7/s
M-N
1978
i;
,/
20%
53%
—
:
5s series G
&• ref
Alst
17'A
/
—1949
1954
3'As
!
ACertificates
35%
52%' 55
20'A»
M-S
M-S
/
-
35%
,
Alst
•
-
,•
,
f;;V, f
.
53%
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...—
deposit..
.ACertificates of
■
\
'**•
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^;;19
Alst
59'A
41'A
88
.ftft/Vft-V'
Y'V ft
•
100
98%
'.»51
/
19%
High
87%
:
^Northern Ohio Ry—
99% 100
51%
53%
..
1965 '
72'A
64%
46%
J-J
*\Yf
7%
3
j
16
Low
■
North Central gen & ref '5s__—
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10
52'A
5s series A—Jan 1967 jVA-O
•'ft"''", •'
ft■ ft.^
^Missouri Pacific RR Co—VC
y
Alst & ref 5s series A
j, V.
A Certificates x»f deposit.
I
10
adjust
ACum
Debenture 3%s
57
1962
4'/is series D_.:
lien
Prior
North Amer Co deb
71%
,
45%
'19%"
12%
__
J-J
A-O
F-A
29
1%
.
F-A
Af-N
J-J
Co—
>.T
1st mtge 4'/2s series A
..1998
AGen mtge 5s conv inc..
2014
fgANorfolk Southern RR 5s A
1961
Norfolk & Western Ry 1st gold 4s_1996
29%
'
157/8
4%
6
32
*
,
12%
J-J
M-S
A-O
Af-N
28%
16'A
•
8
71%
J-D
—1978
B
40-year 4s series
\
V
87
8
J-J
..—1962
A
10
27
'5
Missouri-Kansas-Texas RR—
Prior lien 5s series
28
25%
J-J
1st 4s—..—1990
Mo Kansas & Texas
27%
28
M-S
r
B..._.—1978
t A Missouri-Illinois RR 1st 5s
1959
ref 5'/is series
Alst &
324
25'A
28
27
—1943
1967
„/
Norfolk Southern Ry
8
16
27%
J -J
J-J
J-/
J-J
,
—...1946
ref 6s series A
&
Alst
1938
1938
to int„1938
stamped:
§ Alst cons 4s
;
.
4%S
1946
3'As
1966
Niag Lack & Ont Pow 1st 5s A...1955
Niagara Share (Md) deb 5'/as
.1950
/■x
Ste Marie
tMinn St Paul & Sault
3'As series B
/
Niagara Falls Power
7'/a
V2Va
5%
■
41
J-J
F-A
t§AN Y west & Bost 1st
■■
27
2%
6
7
'
'January 1
No.
65
9Va
15
gold
Y Telephone
N
53'A
5
61
r
108%
27%
51%
65
'
q-f
•
77'/a
25%
m-s
i
63
65
53
m-n
.1949
1st gold 5s—
5'
65
/■'.
A Terminal
49'/2
"
j-j
76
57'/a
106%
76
m-s
50-yr 5s series A— .1962
ext
60
76
j-d
gtd 4s.... .1947
.1941
t§AMilw & State Line 1st 3%s-__.
.1934
JAMinn & St Louis 5s ctfs—
...
t AMilw Spar & N W 1st
4'As
gold 5s
1_
*_.
J-D
§ AGeneral
§A2d
21
107% 108%
A-O
■'
101
36
■a 74%". 76'"-
•
76
m-s
.1963
Consol Gas 4s
.1940
fSAMidland of N J 1st ext 5s
i§AMilw & Northern 1st ext 4'/2s_. .1939
'*•.1939
A § Consol ext 4'/as
______
A 1st
*100% 101
.
j-j
.1979
Michigan
•
:'v
v
88
97
.
1937
1937
1940
ref 5s—
78
91%
*84%
•
—
'
3'As
gold
Ref
m-s
1951
3Vis
Jack Lans & Sag
Range Since
Sold
High
High
Low
No.
High
Bonds
Sale Price Bid & Asked
Low
*§AN Y Susq & W 1st
Michigan Central1st
January 1
Sold
"
Last
Interest
Period
Exchange
Week Ended June 18
Stock
New York
Bonds /•• Range Since
Friday's
Sale Price Bid &
Period
18
Week Ended June
:
Last
Week's Range
or Friday's
Friday
BONDS
Week's Range
Friday
BONDS
1960
--
*99'A 107
A-O
110
111%
*112 %
111%
111%
*112
112%
114
*112%
119%
122
119'A
121%
10
105%
112%
112% 112%
11
105
113
106% 107
23
100
7
95
100%
98%
100%
98%
100%
*121'A 122
*121'A
112
106%
100
Af-S
J-D
J-D
M-N
J-D
A-O
9
112%
100'A
*101'/a 102
100'A 1007/a
107
*100 n
60%
62
61
61
61
61
60%
61%
55
6«
7
53%
63%
29
53%
64
23
2328
THE COMMERCIAL & FINANCIAL CHRONICLE
BONDS
New York
Stock
Week Ended
Friday
Interest
Exchange
June
18
Week's Range
or Friday's
Last
Period
Pitts Young
1st
& Ash 1st 4s
ser
1948
A
5s series.B
gen
1st
gen
1st
4%s series D
Portland
5s
series
Gen
C
1974
.
1st
1st
El
1st
Pwr
M
3 Vis—.
-
107'/a
96
98%
99
1968
J-J
rei
mtge
3s
mtge
5s
1st
&
ref
:
mtge 8s
Public Service of Nor 111
Purity
Bakeries
...
95 Vi
gold 5s
v
>2000
series B
99 Vi
&
ref 5s series C
1979
&
ref
1980
20Vi
93 %
Trenton
110
110%
*107% 108
106 Vi
J-D
*221%
220
&
Elec
1st
gold 5s
A-O
—
•lllVi
.
109%
A-O
96 3/a
953/4
963/4
883/4
98
J-J
92%
91%
93%
64
78%
94%
J-J
92%
91%
933/8
50
1956
J-J
104 %
104% 104%
F-A
104 %
104% 104%
29
104% 104%
12
1st M conv 5%s 1954
M-N
.1950
M-N
Revere Copper & Brass 3%s
1960
M-N
f§ARio Grande June 1st gtd 5s__ -1939
■:
104
101%
.
J-J
1st
A
& coll trust
cons
4s A
.1949
A-O
1977
M-S
3%s series H
39%;i
101%
78
39%
V
67
Z
*111%
105
$ A Rut-Canadian 4s stpd
-1949
J-J
M-S
1934
St Lawr &
*
M-S
Adir 1st
1960
109
'
32
gold 5s
109
30
/
58%
27
;
3%s series A
•
•
United
47%
States
Serial
124%
>.*»..
32%
108%
2
v;.
39
14%
85
9
143/4
Z 64
y
.Z
r
109
22
13%
J-J
105
104% -105
'106%
9
~3
M-N
92%
91%
92
J A St L Peor & N W 1st gtd 5s
1948
J-J
73%
70%
73%
St L Pub Serv 1st
1959
M-S
97%
97%
98
Rocky Mt & P 5s stpd
1955
J-J
$ASt L-San Fr pr lien 4s A
1950
J-J
66
66
99
107
1933
St L
of
/'"■
Steel
of
ACertificates
A Prior
lien
5s
ACertificates
A Cons
of
M 4 Vis
1950
J-J
deposit
__—
series A
ACertificates of
1978
M-S
deposit stpd
1st
bond
4s
*,<
67
,
A2d
4s
bond
inc
553%
67
93%
220
77%
A Gen
St
ref
&
gold
8
78%
Z 80
.
44
3zz:
Paul & Duluth
1st
cons
JASt Paul E Gr Trk
Schenley Distillers 4s
Scioto
V
& N E
1st
tSeaboard Air Line
§ A 1st
Nov
-i
United Stockyards 4 Vis w w
.
.
91
92
34
20
38%
Va
Iron
Coal
.z.;:5-
53
31%
343/4
31
34% r "v:
■
.!
1,280
193/4
39%
45
19%
38%
95
96%
v; v:v
853/4
of
15
67
85
86
6%
63
17
21
101 %
104
106
A-O
„
*123% 124%
493%
123
F-A
10%
10
10%
A-0
23%
223/s
24
5
28
49%
273/4
4%
V
22%
22%
29
26
29
918
28
M-S
25%
28
106
14
14%
Coke
M-S
1st gold 5s„1949
5s
102%
97%
100
10
93%
.*1083/4
1113/4
86%
1
110%
793/4
108% 108 %
V 8
104%
86%
108%
J-J
*__
A-0
__
1113/; lll3/4
.
F-A
1968
Z.ZZ.Z:'
j:
■;.
M-S
85%
96
843%
92 7,
85%
59
72%
109% 109%
48
108%
A Gen
y
debs
1971
:
J-J
...
1975
5s series B
gen
ARef & gen
.
94%
92%
94%
54
52
54
143
44
54
42%
40%
43%
375
34
45
M-S
1976
4%s series C
A Ref
& gen 5s
>
*29%
—
F-A
1978
series D
*27%
A-0
•
1980
29%
Warner Bros Pict 6s debs_:
14
V
23
43
41
43%
44
31.
56%
23%
25%
100
15%
30
25 Va
23%
25%
21
17 §i
*26%
'
•
—
A-0
*27%
100%
65
98%
100%
99%
101%
1952
A-O
104% 104%
1950
F-A
102% 103
debentures 4s
Skelly Oil 3s debentures
*101% 101%
45
8
9
26
40
46
103
96
1948
M-S
102
Warren RR 1st ref gtd gold 3%s__2000
Washington Central Ry 1st 4s
1943
Washington Term 1st gtd 3%s
1945
F-A
41
Q-M
1964
J-J
South
& Nor Ala RR
gtd 5s
1963
A-O
South
Bell
3%s
1962
A-O
1979
J-J
1947
J-J
Tel
debentures—
Power
6s
A
106 Vi
1063/4 1063/4
22
77
83%
105%
263/4
31
—
27%
30
.26%
—
25%
»
1093/a
107%
10
105 Va
104% 104%
2
•
103%
Aug 1949
J-D
87
86 3/4
1949
1st 4Vis
(Oregon Lines)
Gold 4 Vis
87%
85
85
1977
A
M-S
643/4
63%
653/4
IOI3/4
41
94%
94%
Westchester Ltg 5s stpd gtd—..>>.1950
Gen mtge 3%s
1967
J-D
108%
West Penn
Power
1st
5s E
31
1st
mtge 3%s series I
109%
M-S
•
V -J: "
119%
109% 1093/4
112
—.
110
106
3
120%
108%
15
112
112
1966
1st
&
ref
J-J
1103/4
112%
A-0
893A
893/4
90 Vs
67
84%
93%
1977
J-J
98%
973/4
983/4
23
95;
99%
A_„1946
Af-S
643/a
63
643/4
19
363A
70 3A
110
36%
70%
5Vis series A
t A Western Pacific
1st
5s
ser
A 5s assented
*112% 112%
—
—
1946
M-S
643/a
63
64%
1950
M-N
99
97%
99
1951
J-D
98
96
98%
98
1960
M-S
94%
93%
94%
134
1951
M-N
2361
J-J
55%
55%
56%
69
43
2361
J-J
53%
533/a
53%
11
41%
1954
Union Teleg gold 4 Vis
86%
69%
West Shore
1968
M-S
62%
61
63%
180
55
68%
1969
M-N
61%
59%
62%
291
53%
M-N
61
58%
61%
292
52%
66
173
93%
100%
22
87%
973/4
1st
4s guaranteed
J-D
■
69
ZZ;
1013/4 H O H cr
\i'
15
84
secured
South
Pac
3%s__
1946
IsT; ref gtd 4s
RR
J-J
99%
99%
99 %
1950
1st 4s
A-O
95%
95
96
1955
J-J
84%
83%
85%
Devel
&
j-j
Ry 1st cons gold 5s
gen 4s series A
Devel
&
gen
6s
Devel
&
gen
6Vis
Mem
Div
St
1st
gold
Louis Div
Southwestern
1st
&
ref
1st
1994
J-J
1956
A-O
1956
A-O
1956
5s
1951
3Vis B
J:
253
85
103% 1043/a
78%
773/4
79
96%
96%
97%
82
123
27
873/4
98
99 % 100
52
92
973/4
15
84
12
89%
99% 100
J-D
J-J
107%
107% 107%
6
M-N
110 %
110% 110%
27
F-A
104
104
1961
J-D
106%
J-J
105%
112% 112%
Apr
Studebaker Corp conv deb 6s_
1945
Superior Oil 3Vis debs
1956
M-N
Swift & Co 2%s debs
1961
46%
M-N
-
J-J
10
Wheeling & Lake Erie RR 4s
Wheeling Steel 1st 3Vis series B
1949
1958
98%
100
111%
'
Gen
Ref
refund
s
f gold
4s
1953
101%
.
Texas & N O
com
gold 5s
1943
52
102%
104
106% 106 7/e
23
104%
of
.
J-J
,
1005/a
.
90%
1949
ACertificates
of
J-J
57%
55%
♦__
1936
M-N
deposit
22
233/4
y
58%
/ 62
24
88
11
—
,
'v:
.,—
r
1968
1971
'
111%
90%
100%
114%
115%
47%
64%
47%
60'A
12
143/4
26%
15%
23%
110%
111%
107
108'A
12
101%
103%
46
95%
„„
Wisconsin Elec Power 3%s
Wisconsin Public Service 3%s
y
100%
131
J
56 Va
104%
109%
53
90%
100% 100%
*115%
■
deposit
106%
105% 105%
10
104%
111% 111%
A-0
'107% 108%
J-J
1053/4
101
Youngstown Sheet & Tube—
Conv deb 4s__
1st mtge s f 3%s series D
Vi
M-S
i960
M-N
1023/4 103%
98 Va
98%
98%
99
1053/4
102%
___1948
111%
1033/4
—
102% 103
1033/4
Deferred
delivery sale not included in the year's range,
In the year's range,
n Under-the-rule sale not Included
the year's
range.
d Ex-Interest,
in
the year's
e
Odd-lot sale not
range,
r
Cash sale
not Included In
124% 124%
*104
112
F-A
91%
3
__
*104
120
125
104
105%
93
2
110%
113
—■
112%
103%
§Negotiability Impaired by maturity.
tThe price represented Is the dollar quotation per 200pound unit of bonds. Accrued Interest payable at the exchange rate of $4.8484.
105
29
89
93%
V,
the
tCompanies reported as being in bankruptcy, receivership, or reorganized under Section 77 of
Bankruptcy Act, or securities assumed by such companies.
A-O
106%
106% 1063/a
37
105%
M-N
106 3/8
106% 106 3/a
20
1053/a
106%
•Friday's bid and asked prices;
100 SJ
101%
ABonds selling flat.
J-J
90%
A-0
I960
103
*111%
M-S
61
110%
41%
14
J-J
.
M-S
1013/4
107%
107%
25
J-J
&
4s
••'■':\y'Z
*103%
98%
95%
112%
106
47
*106% 108%
F-A
impt mtge 3%s series B__1974
Texarkana & Ft Smith 5Vis
A„___1950
Texas Company 3s deb
1959
3s debentures
1965
1st
'
1966
mortgage 3s
SASu & Du div & term 1st 4s
101":
104
.*106%'
J-J
1944
1st
ACertificates
a
1951
Co
JAWisconsin Central 1st 4s
Included
Tenn Coal Iron & RR gen 5s
Terminal Assn St L 1st cons 5s
&
Winston-Salem S B
81
973/4
1964
1st gold 4Vis__2013
Oil of Calif 2%s debs
1966
debenture
104%
99%
98%
87%
3/4
A-O
1968
4s
West Va Pulp & Paper 3s
82
92
68
1972
C_.
Serv
70%
171
1953
series
Pub
Standard Oil N J deb 3s__
2%
*_104
J-J
^Spokane Internat
Stand
;
J-J
-
1996
gold 4s
Bell Tel
3s
Southwestern
.
.
;
Wilson
Stamped
Southern
Registered
99
87%
83
66
1981
Fran Term
95
104
1952
Maryland 1st 4s
68
90
Gold 4Vis
10-year
*97%
—
—
■
104 r
45
88
103%
*120
J-D
1963
54%
72%
Gold 4 Vis
San
28%
96
'104
277
6
403/4
F-A
25-year gold 5s
30-year 5s
Westinghouse El & Mfg 2%s
79
50
1945
1st 40-year guaranteed 4s
Western
coll)
101% 102
91
27%
yy/fY
104%
Co—
registered
22
*103
1063/4
't"l
'■{■ 109
108
96
123%
108%
109
108%
96%
__
104
123
*123
95
F-A
Western
Socony-Vacuum Oil 3s debs
mtge 4s
A-O
104%
101%
1st
1955
29%
44
85'%
Apr
30 3/a
25%
100
96%
110
Apr
1981
1991
15
F-A
100%
86%
108%
,.
;..
mtge 4s inc series A
13%
M-S
F-A
112
W
U:'.
'
AGen mtge inc 4 Vis ser B
V
Walworth Co
1933
1935
102
*1083/4
Z
M-S
,
1958
303/4
1935
ctfs
Simmons
Pac
97%
71
14
22 Vi
1945
J-J
(Cent
&
F-A
M-N
1968
,1st mtge 4s series A
50
19
270
F-A
4s
27
94
99% 100
124%
293
47
J-J
4s
1955
1957
Wabash RR Co—
103%
*1053/4
1961
Pacific
100% 102
101% 102%
Y
series A
::3
*
31
*103 3/a 105 3%
1941
Colo
4-
82
19%
1954
Southern
g 4s
B
series
66%
27% r 50%
A-O
deposit
2Vis
Southern
100
46%
112
_1
27
debentures
3s
cons
f 4s
cons
A Ref
A
6s A
2%s sinking fund
&
102
103%
97
72
t§ASilesian-Am Corp coll tr 7s
Tel
102
102 %;
WrW$J■
RR
s
tAWabash Ry ref & gen 5%s A
series B certificates-,
Co
31
M-S
deposit
series
Oil
-
Virginia Pub Serv 1st mtge 33As__1972
Va & Southwest 1st gtd 5s
2003
Z
1950
tSAAtl & Birm 1st gtd 4s
Union
A-0
A-0
F-A
1944
,1944
32
Oct 1949
of
102%
102
102
,
.
Ry—
JASeaboard All Fla
Shell
1951.
ref 5s
&
33%
43%
1013/4
-
ACertificates
A 6s
1st
Light 1st 5s
& Pwr 3Vis series B
1959
ACertificates
6s
&
Elec
47
102% 102%
733A
M-N
A-0
103
102%
M-N
98
1952
§ ARefunding 4s
cons
& Trac
Power
Va
43%
1950
„
93%
1989
gold stamped
AAdjustment 5s
Id3/*
101%
101%
*102% 103
39%
48
101%
♦101% 102%
*101%
203/a
25%
IOP/4
102
•102
M-N
194
*85%
101%
101
*101% 102%
M-N
34%
•16%
101%
101%
*101
May 1 1955
-
32
26%
V.101% 101%
1 1954
34
J-D
M-N
M-N
-
May 1 1954;
-
Cons
J-J
1013/4 i
M-N
1 1953
NOV
1013/4
M-N
1 1953
NOV
99%
101
101
M-N
,
99%
1013/4
M-N
.
>
.
1 1952
May
-
—
Vandalia
62
1971
.
1 1950;
May 11952
35%
77
gold 4s unstamped
*993/4
*101
*101% 1013/4
*101%
.M-N
May 1 1950
—Nov
-
18%
60%
§ A4s
A 1st
M-N
1 1949
102
403/4
F-A
102%
104
102
J
-
31%
76
1947
943/4
98%
101%
.M-N
30%
62
_1941
107
* '.
83
423/4
1 deb
s
32
36%
J-J
gold 4s_1968
109%
106%
142
73
J-J
gtd 4s
*105 Va 106
101 % 102%
19
J-J
1st 4'/as
106%
102% 103%
625
;
1990
t§ASt P & K C Sh L gtd 4%s
St Paul Union Depot 3%s B
103
IO334
29
101%
313/4
1952
5s series A
109%
97%
07Vi
'
Nov 1989
SAlst term & unifying 5s
107%
58
'rl
103
83
95
49
1023/4 103
1023/4 1023/4
109% 109%
1 1943
Virginian Ry 3%s series A
M-N
103 %
M-S
29%
34%
1003/4
A-0
83
--
13%
10
M-S
31%
X
112%
105
:
.
Utah Lt
91%
103
,108% 109
A-0
•"
'•
Nov
—
2.60s
Utah
Zy'Z.--y■; :
_1989
ctfs
103% 1033/a
May 1 1949
^
2.65s
107%
1103/a
3
9%
103%
v: J-D
.
2.40s
:
ft
1953
Nov
-
2.35s
•
105
C
I
certificates
107 7/a
Corp—
2,20s
T;
1st
JSt Louis-Southwestern Ry—
•
.1952
303/4
deposit
series B
'
1955
'
2.15s
14%
14%
*60
deposit
mtge 5s
117
1053/4
1944
—
2.10s
yy
35%
'
9%
__
A-0
Certificates
102%
117
117
J-J
1980
debentures
1.125s
2.05s
14
.
J-J
A
98%
100%
104% 105
103
/
143/4
1996
1st gold 4s
98
91
'
*13
109
81%
JSt Louis Iron Mtn & Southern—
AgRiv & G Div
87%
40
"
104%
A-0
U N J RR & Canal gen 4s
14
z
A-O
1947
gold 6s
98%
F-A
M-N
1013/4
——
1990
2d
76
37%
102 %"_•_-
112% 112%
A-0
.
J-J
2.55s
1st 4s
62%
213/4
"ZZ'
*107 3/4
M-N
1945
102
-
Island
*
1971
2.50s
& Grand
J-J
42
597
Pacific RR—
2.45s
Jos
*116
1970
V
St
y'.'V
97
97%
*
1947
•
J-J
,1941
Saguenay Pwr Ltd 1st M 4Vis
'
1967
'
.1969
t§ARutland RR 4Vis stamped
*—
98%
M-S
1959
United Biscuit 3%s debs
United Cigar-Whelan Stores 5s
United Drug Co (Del) 5s
124%
-
5s
3s deb
'66
■>..*
—
(Chic)
Calif
100
5
'
38
<■
of
/. Ref mtge
104%
1053/4
101 %
24
M-S
mtge 3Vis series J
*§AR I Ark & Louis 1st 4%s
Gen
73%
353/4
•
-1967
mtge 3%s series I
71%
32%
35-year 3 Vis deb
1033/4
1
12
Z
993/4
*124%
,'S
'
Gen
72
land grant 4s
34-year 3%s deb
105
'
Gen mtge
109
J-D !
'
1971
&
1st
94%
102%
9
75%
•
M-S
1967
Roch Gas & El 4Vis series D
105
993/4
78
78
21
101% 1013/4
J-D
J§ARio Grande West 1st gold 4s_ .1939
:
•»»».
•'
Oil
Union
132
1997
mtge 4%s series C
1033/4
1083A 1083A
A-0
'
-.1953
debentures
3s
_1997
Gen
3
84%
U
ref 4%s series A
Purchase money
84
106
Gen & ref 4Vis series B
Republic Steel Corp 4%s series B_ .1961
84%
67%
35%
112
104 Va
~
105% 105%
R
deb 3%s__:
67%
87
J-D
1949
Tri-Cont Corp 5s conv deb A-'-.
l§AUnion Elec Ry
Remington Rand
164
82
221%
J-J
'
82%
81
68
149 Vi
—
Union
&
80 3/4
82
107 Vi
145 Vi
Gas
Union Electric Co of Mo 3%s
Gen
8 2'%
J-J
7
-
High
1133/4
33
A-0
Jan 1960
Low
IOP/4
21
82 %
'
A-0
1960
AAdj income 5s
No.
1133/4
7
M-S
series D
Range Since
January 1
Sold
81
82
J-D
1964
5s
Bonds
High
113
A-O
Tol & Ohio Cent ref & impt 33/4S—1960
Tol St Louis & West 1st 4s
1950
Toronto Ham &. Buff 1st1 gold 4s__1946
*148 Vi
M-N
1968
Reading Co Jersey Cent coll 4s— .1951
J-D
1977
91
18%__
*109%
1948
3Vis
96
1
J-J
■■
—1972
2037
2037
f deb 5s
s
1st
5s
;
—
*93%
ref
90
Friday's
or
—
*—
&
ref
109%
*lll3/4
M-N
&
&
106%
*109Vi
M-S
1st
Gen
108%
J-J
1957
1st
Texas & Pacific
106
1956
& Gas 3Vis
119 %
*106 Vi 107Vi
j A Providence
Public Service El
108 Vi
70
Week's Range
Last
Sale Price Bid & Asked
Low
Tex Pac Mo Pac Ter 5%s A
Third Ave Ry 1st ref 4s
JAProvidence Securities 4s
4s_
Period
,
Gen
95 Vi
J-J
-
1951
Interest
18
Gen
96
F-A
1977
Terminal
Friday
Exchange
J-J
1966
mortgage 3 'As
Stock
Ended June
High
118%
—
Week
J-D
M-S
1950
Pressed Steel Car deb 5s
*119 Vi
Low
*107%
—
No.
New York
J-D
1960
4Vis
BONDS
Range Since
January 1
Sold
High
—
Z
F-A
*
1977
Elec
1st 5s extended to__
Potomac
J-D
1962
~
Bonds
Sale Price Bid & Asked
Low
Monday, June 21, 1943
106%
no
sales being transacted during current week.
.*
.
2329
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4187
157
Volume
NEW YORK CURB EXCHANGE
WEEKLY
and deferred delivery
NOTICE—Cash
In
In the following
June
present Friday (June
security, whether stock or
to include every
STOCKS
New
;
18
Week Ended June
Week's
Friday
Last
Sale Price
.
Exchange
Curb
York
Wire Co
Supply Mfg class A
Aero
Class
B
Air
Accessories
Aircraft
Air
Investors
Corp
common
_
Air-Way
Alabama
Great
Alles
Intl Investing $3 conv
Products
Aluminum Co
pfd
(Mich)
Ltd
86
50
72
108
10
102
•
Mfg
American
Central
American
Convertible
Class B
class A—
Cyanamid
American
B non-voting
Class
American
Laundry
Mach
Si Trac common
American Light
Mfg
Co
1,350
Preferred
American Maracaibo Co
American Meter Co
Chemical
American
Potash
American
Republics—.
&
Seal-Kap
American
common
May
;-28% Mar
Jan
128
13%
10%
200
9%
104%
99
Jan
Corp common
Aeronautical
Brill
29%
■28%
.
16%
Apr
120
Jan
108
Mar
Mar
33
2%
Jan
American
Am
Jun
dep
ord
rets
Amer
Brown Fence & Wire
Class
preferred
$6
Jun
92%
Jun
Buckeye Pipe Line
8%
Jun
Buffalo
Bruce
15%
Jan
39
Jun
$5
32
32 >/B
150
15%
Jan
35
Jun
Bunker
ft Jan
44%
1%
16%
16%
25%
26
Jan
39% Mar
36%
8,800
2%
3'A May
37 Vb
Apr
1,700
250
5%
5%
34%
Burma
May
Jan
28%
Jan
33
Jan
41
13%
Jan
23 %
Jun
20 %
Jan
277/a
Jun
Calamba
13
Jan
17 Va
Apr
California
25%
Feb
26%
Apr
Callite
25
Jan
39% May
27%
150
15%
16%
3,100
y
Jun
18%
A'
*
15% Mar
Jun
15
%.
1%
400
105
105
'■
-
L'mm
40
105
vk
'•-'■'•A'
300
14%
16
16% A; A A,
"9%
16%
~9%
200
1,700
14%
12%
91%
300
A
12
•
12%
3,000
30%
30%
175
1%
18
Jan
105
Apr
2
May
17
May
80
ft Jan
14%
J
Jan
Apr
6Ve
Jan
10
...7% Jan
Feb
Mar
10%
Jan
16% May
82
Jans
93
Apr
Jan
13 % May
Apr
9%
1,500
1%
1%
31% May
1% Jun
25
ft J an
900
%
Jan
2%
2%
Feb
5% Mar
1%
300
ft
Jan Ai
1%
Apr
1
600
ft
Jan
1%
Apr
3'A
A
4
100
Apr
3%
Apr
2%
2%
2%
12 %o
25c
common.
8,500
15%
90%
Feb
14
Jan
5
Ar9%
3% Mar
Jan
Mar
5%
-A. 600
1%
3% May
-
4
Apr
Jun
6
3%
150
27 %
Feb
*31% Jun
27% May
108%
1,500
50
Jan
12
14
14%
preferred
(P A)
Jan
21
Jan
,A, :A.AA'
~2% _3%
—
2.50
Sullivan
&
Corp Am dep rets
Corp
Butler
---•'a.
■
'II
25
•
Burry Biscuit
93 %
21
Jan
Jan
12%
May
12'/a May
17'A May
Jan
19% Jan
5,000
34'/a
s
12
450
>
Jun
3'A May
% Jan
14,100
107% 108%
447/e
Hill
Inc $3
Burco
A
—
•
preferred
preferred
1st
250
2% .y
30%
Apr
75
Jan
140
Niagara & East Power—
$1.60
<
36% V
44%
1%
10% Mar
1%
*
28
Jan
vy
44%
225
31%
7% May
ft Feb >
11%
5
Jan
;
A, v:
Jun
87
Jan
•'
30%
.' A-:
—
—1
common
Jan
42
500
.
5% May
Jan
14%
j-':,:--
(EL)
%
7 2
.
«.«*
Jan
2%
1,200
68
-
•
:
Brown Rubber Co
35%
—
1%
1
Brown Forman Distillers
12%
—
Jun
7% Mar
—
2
♦61
10
•
•
82
% May
5% Jan
6%
67
1
common
preferred
A
100
1,200
v"
-
1%
1%
v'i'A 1,400
87
-
5%
10a
dep rets ord reg
800
8%
Jan'
£1
reg—
90
7%
3%
Ltd—
Celanese
27
5,800
87
.
•'
£1
dep rects ord bearer
Am
British
90
%
12% May
Tobacco—
Co common
Brack Silk Mills Ltd
ft
23%
Jan
—•
Co
26%
ft
26%.
90
'7%
Mar
Jan'
7%
11%
WW
_I—*
British
8% May
Jan
2
Jan
Apr
■
'■
OO
1
Jun
Feb
Va
9
4,200 v
4%
4%
4%
*
Oil
1% May
Jan
%
100
1%
1%
1
common
American
Mar
4%
400
7% S;:8'!;y;
__
Co
A—
.Ciass
.
Jun
10%
20%
260
Mfg
8%
...A
1,507
;
*
preferred
7%
.
Brillo
4%
28% May
Jan
%
4%
78J/a May
Jan
—
11%
•
B_
l
23% v„A. 9,400
May
9% May
-ft Jan
,2% Jan
300
21%
•
A
class
6% .„A
10%
V
Corp
23
.
300
•
VA
4%
»
Machine
14
Apr
6
150
A A 200
11
1
Bridgeport Gas Light Co
112% May
Jan
103%
29%
Apr
Jan
-86
2,750
•'
,
%
23 Ya
•
—1
British
Jan
6
*
AAA
,
46
Hiru
.
Jan
Feb
Mar
29
106%
200
16%
100
100
1
*
*
10
2
common—
Feb
6%
Brewster
Feb
9
Apr
111%
111
25
preferred
6 %
American
4'A
ft Jan
25
20
25
Hard Rubber Co
Apr
110
26
110
•.
8% 18%
...100
preferred
Bridgeport
A
%
Preferred
May
xl6% xl6%
ft- —
American Fork St Hoe common
•
16%
American Gas & Electric
10
25%
4%%
preferred
-100
American General Corp common—10c
$2 convertible preferred—
1
$2.50 convertible preferred
1
American
Apr
105%
1,150
115
114
Foreign Power warrants
American
Jun
"Jun
—-
25
25
1 AH
10
10
A
class
A
102
4
Cities Power & Light—
Class
109%
Jan
24
*
*
1
1
93% May
Jan
24%
1
American Book Co
—100
American Box Board Co common
1
American Capital class A common__10o
Common class B
10c A,
preferred
prior preferred
Jun
3 %
v
Jan
2d
$5
25%
8%
•
Brazilian Traction Lgt & Pwr
Breeze
72%
72
72%
•
common
Low
6
3%
'
25
1st preferred
7%
Range Since January 1
800
13%
13
13%
100
Co
Shares '
High
*
Inc
Bowman-Biltmore
Jun
ft May
1% May
100
$5.50
Bourjois
Class
American Beverage common
$3
35%
r. r
*
Co common
(H C)
Low
Sales
for Week
Range
of Prices
Par
;4: ./
& Co
(S)
Borne Scrymser
—
111%
common
preferred
67e
900
<
110
*
• q:9%
•
99
Aluminum Industries common
Aluminium
Jan
1/64 Mar
1% Jan
91%
114%
Mfg
Goods
Jan
27%
f
•
Week's
Last
Sale Price
1st preferred
7 %
—
100
preferred
6%
Aluminum
1%
100
600
3
Bohack
3% May
500
108
108
•
common
4% May
ft
3
Apr
8% May
Feb
1%
35%
86
,
25
;
Class A cony common
4,900
1
*
•
10
Investment
Allied
4'/a
8%
Jan
ft
-.2%
—
—100
Allied
5
3
•
•
Inc common
Fisher
&
Alliance
5% Jan
300
1,400
f
35%
50
preferred!
$7
preferred
Allegheny Ludlum Steel—
•A; 7% preferred ———'•
$6
400
7%
Apr
Blumenthal
5 % May
Jan
8%
3%
3%
3
Southern
Alabama Power Co
4%
4%
7%
—
Electric Appliance——
21%
8
«
—
J.
Warrants
Feb
4%
4%
—
2
10
•
preferred
Convertible
24
20%
.5
1 'J'"
50c
;
(N J)
Inc
Associates
Feb
the week beginning on Saturday,
Exchange itself, and is intended
Friday
Exchange
AAA)';V:
Jun
17
90
>
Curb
York
Week Ended June 18
.
High
24
22
1
-
Ainsworth Mfg common
Range Since January 1
Shares
High
1
:
New
for Week
of Prices
10
common
STOCKS
Sales
»
Range V
Low:
Acme
record of the transactions on the New York Curb Exchange for
18, 1943). It is compiled entirely from the daily reports of the Curb
bond, in which any dealings have occurred during the current year.
extensive list we furnish a complete
and ending the
12,
they are the only transactions of the week, and when selling outside the regular weekly range are shown
computing the range for the year.
sales are disregarded in the week's range unless
No account is taken of such sales in
the week in which they occur.
in
footnote
a
RECORD
YEARLY
AND
36 Va Mar
Mar
Cables
certificates!
trust
Voting
Wireless—
&
American
__£1
20
pfd
Sugar Estate
Electric
'5
5%
Assn
Jan
5
Feb
1,600
1%
Jan
6%
Apr
3%
2,600
1%
Jan
3% Mar
5
6%%
V
3%
1
Corp
pfd—100
Insurance
Fire
3%
"5%
—
10
Power—
Tungsten
Camden
%
%
50c
.
rets 5%
aep
1%
50o
Cable Electric Products common
-
.
%
y y 800
53
23
56
May
i!
Jun
%
Jan
20%
Jan
>.
Cement Co Ltd
Canada
24 % May
3,100
23%
88
Jan
80
%
22%
!«•
57%
Jun
Canadian
5%
Jan
11 Va
Jun
Class
4%
4%
Jan
2,500
100
2%
Jan
45
50
y
5 Va May
.
■7 4%
•
*
voting
voting
non
""v*
•
27Va
Feb
23%
25
-Yr
Jun
Alcohol—
Industrial
A
Class B
—
<
participating preferred
1%
10%
-
9%
Foundry Ltd—
Canadian Car &
3%
200
Jan
4%
Jun
3
100
4%
4
3%
Jan
4
Jun
Canadian Industries Ltd—
I
preferred
$6 series preferred
American Thread 5%
$6
1st
common
Fence—
Post
Anchor
Paper
Writing
American
preferred
97
14
900
~4%
7"
5
y:;:;4 7
4
—
7,300
:,y
200
;■
• —
Atlas
Plywcod
Corp
Jan
8%
Jan
15%
Jun
$6
180
97%
Jan
106%
Jun
Carrier
1%
Jan
5%
Jun
Carter
(J W)
4%
5%
26,200
1%
Jan
6'A
Jun
Casco
Products—
9%
9%
700
8%
Jan
10%
Castle
(A M)
Apr
92
19%
Apr
Mar
1,300
20
Corp
Catalin
600
6%
6%
20%
Jun
Central
Jan
10
Jun
Central Maine Power 7%
4%
Jan
Rubber
Baldwin
%
%
800
76%
76%
30
%
Apr
%
l'/8
69%
109
~5%
35
~6%
35
6%
36
7%
—
2
.
7% May
Feb
ft May
Feb
Feb
Mar
3%
Jan
125
2%
28%
Jan
900
4%
Jan
5,700
7
21%
300
23
%
6
'
1 Vb
80
Feb
May
111%
6%
Jan
Apr
40 'A May
8%
Jun
Jan y
2% May
Jan
8%
Apr
4
4%
y
Jun
23
2,500
.
4%
~8% ~9
9
15%
Feb
800
2%
Jan
Jan
6
4%
Jan
9% Mar
1,100
Jun
16%
8
90
7%
Jan
21% May
930
40%
Jan
90
Jun
600
8
>
y
5%
Jan
8
Jun
•
24%
-3,200
19%
Jan
Jun
26
Co
Basic
&
7%
(L)
100
Tel
Aircraft
Hedges
Convertible
—
7
May
600
29%
Jan
39
May
Jan
-
6%
200
3%
8,600
%
—
1
common
100
•
common
preferred
Jan
common
(E W)
7% May
3%
Apr
optional convertible preferred
see
page
2333.
•
33
May
Patent
500
7%
Jan
14%
Jun
Columbia
23
Jan
13%
4,900
Mar
Community
Public
Apr
Community
Water
45
Jan
9% May
Jan
160
9%
100
10%
Jan
CO
7-%
35%
Jan
42
%
Jan
220
5,000
Jan
11 May
V
t
Conn
$3
c
extended to
12%
Apr
6
Jan
10
Apr
Consolidated
7
Jun
Consol
6"
7
1,575
3%
Jan
14
3,500
10%
Jan
900
11
Jan
3
May
750
38%
Jan
45
Feb
16% Mar
1946
Gas & Coke Secur common
preferred
9% Mar
Biscuit
Co
G E L P Bait common
series B preferred
preferred series C
Consolidated Gas Utilities
4%%
4%
Apr
9% Mar
106
Apr
Feb
Jan
1% May
Jan
10 % May
3,700
700
10
4%
Jan
Jan
7% May
9%
Jan
12 Va May
6%
-
'
50
10%
50
103
Jan
80
64%
Jan
84%
Jun
400
5%
Jan
7%
Jun
ft
900
ft
Jan
% May
Mar
24% May
%
9
13%
23%
6,450
14%
15%
17,800
3%
Jan
90%
87%
91%
2,750
51%
Jan
300
4%
Jan
Ci
9
48
'
A
7%
7%
11%
A>
Jan
73
18'A May
98'A Jun
Apr
96 %
Jun
Jun
1
-
85
84
•
Jan
76
i
,
May
250
15
—
6% May
81%
7
7!/8
ft
14 Va
30
.7%'
4%
200
7%
300
6%
90
A
May
87
May
8%
Jan
May
Jun
8
Feb
%
7,900
31
31%
400
11%
13%
7,900
%
%
31%
12%
Jan
17% Mar
%
Jan
% May
5%
20O
17
17
Apr
13
7
5%
Feb
Jan
13%
Jan
11%
Apr
Jun
2%
Jun
11%
Jun
100
2%
2%
800
2
Mar
11%
11%
250
8
Mar1v-
5%
5%
2,100
4%
4%
100
7
8%
2%
J.. 5%
8'A
3
51'A
3
11%
A. *
1%
Jan
6 Va May
4
Jan
5
Apr
11,900
3%
Feb
8%
Jun
2,500
l'/s
Jan
3%
Apr
55%
Feb
50%
51%
750
47% May
48%
,
51
730
24
ft
3/64
7,000
Jan
52
Jan
14
3
400
32
Jan
10%
550
7%
Jan
Jun
33a Mar
1/64 Jan
"ft "u
10%
Apr
34
6
28% May
7%
11%
1
•
1
93
Jan
7%
79%
79%
v
*
1
•
100
100
Feb
Jun
ft
7%
3,900
%
102
102
102
25
1
!
114%
4%
9%
1
"
51
Compo Shoe Machinery—
!3
44
Apr
4%
Jan
,5%
—
Service
Service
5
136
Jan
300
43
19'A
Jan
6
"I if
9%-
100
& Southern
Jan
—
2%
Jan
2%
500
102
l'/a
warrants—
preference
Commonwealth
Jan
9
2%
15%
1,700
9%
92%
Electric—
3%
33
8
13%
&
Gas
25
Arms
115%
39%
-%
—
5%
Fire
warrants
700
—
——
1
10
3%
131
100
4%
9%
£1
Colorado Fuel & Iron
14%
15% May
:
Co
common
Airlines
Colt's
Feb
Co
•
•
—100
*
*
6% preferred
Colonial
Apr
8%
Corp
Plow
Development ordinary
Colon
5%
3%
;
43%
1% May
Illuminating
Utensil
Aluminum
Club
Feb
38%
14
Jan
21% Mar
—
1
,|
Mar
,6
Coal
Clinchfield
3%
131
17%
-
90%
92%
9%
__4
Electric
Cleveland Tractor common
13%
""%
1
common
Apr
Jun
Mfg
Co
& Lambert
14
3%
7
Jan
13%
Lights Inc
Neon
Cleveland
1,000
—
•
Corp common
For footnotes
Claude
5%
4%
13%
—
4
16
•
Birisboro Steel Fdy & Mach Co com—*
common
1,400
Jan
1%
5%
—
—
—
*
1
Ridge
—
__
1
$3
Jan
2%
5%
..
20
Bickfords Inc
Blue
2%
9%
14%
Berkey & Gay Furniture
Bliss
38
9,600
?'
4%
1
of Canada
Blauner's
6%
6%
10
convertible preferred
&
5%
2%
2%
1
Aircraft Corp
Benson
5
•
Mills Inc common
Bellanca
vv
Jun
4%
1
1
Controller
Cockshutt
1
common
1st preferred..!
$1.50
Beech
Bell
Inc
Refractories
Beaunit
*
37%
1
Brummell Ties Inc
Beau
-
Seelig
Baumann
•
6
1
common
Steel...
Mfg—
$1.20 convertible A common
Barlow
Suburban Homes
Clayton
common
♦
*
10
preferred
Auto Stamping
City &
22%
May
13
1-'
♦
preferred
Jun
8
Jan
13
*
•
& L $7
Cities Service P
City
23
10
•
preferred,
60c preferred B
*$6 preferred BB
18'A
6%
114%
Products
$6
'
Jun
Jun
1,000
11%
7,600
preferred.100
Cities Service common
'
80%
89
107
Feb
9%
1
Central Power & Light 7% pfd
100
Central & South West Utilities
50c
Cessna A'rcraft Co
1
Chamberlin Metal Weather Strip Co__5
Charis Corp common
10
Cherry-Burrell common
5
Chesebrough Mfg
25
Chicago Flexible Shaft Co
5
Chicago Rivet & Mach
4
Chief Consolidated Mining
1
Childs Co preferred
100
Steel
Ohio
Jan
Jan
16%
Powet 5% pfd—100
Central New York
Apr
112% May
7
15%
4%
1
♦
com
7%
45%
Jan
Jan
5% May
3%
21%
—
12,800
8%
7
30
Stainless
Barium
Hudson
Mar
7%
16%
16%
11'A
*
6% May
12% Jan
7
—
225
45%
38%
102
10
Co
America
Gas & Elec
23% May
6
•
Jan
Baldwin Locomotive—
preferred
&
of
Corp
Clark
7%
common
Co common
13% Mar
106%
45%
45%
•
1
1
preferred
10%
B
warants for
•
800
14%
$6
Purchase
Co
3,600
2
7
1
Babcock & Wilcox Co
common
Class B
Carnation
May
Jan
Mar
9%
75
Carolina Power & Light $7 preferred—*
Central
Voting
Ayrshire Patoka Collieries
May
2%
"2%
Jan
5,500
A 'AA A
22
'
5%
6%
Products
Automatic
Mar
5
12%
*
•
12% Jan
5
1
*
—1
Machine.'
*
'Avery (B F) & Sons common—
5
6% preferred
L
25
Axton-Fisher Tobacco class A com—10
Automatic
5
r2%
12%
;—
A
class
Co
&
Carman
"2%
2%
*
Products
City
5%
5
•
Forge common
Jan
Jan
Jan
Capital
105%
105
19%
Atlas Corp warrants
Drop
2%
2
May
100
1
preferred
7%
Canadian Marconi
88 %
£1
Associated Laundries of America
• '/
Associated Tel & Tel class A
•
Atlanta Birm & Coast RR Co pfd—100
Atlanta Gas Light 6% preferred
100
Atlantic Coast Fisheries
1
Atlantic Coast Line Co
50
Atlantic Rayon Corp
1
Atlas
4
Jan
Jun
4%
Xl4 %
14%
105%
dep rects reg
American
16 % May
9%
Light $7 preferred.*
Corp
1
Equipment
Art Metal Works common
Ashland Oil & Refining Co
Associated Breweries of Canada
Associated Electric Industries—
99%
Jan
4%
47/8
;
Arkansas Power &
Aro
Jan
2%
1%
47/8
•
2
It May
Jan
60
1,000
3%
10
preferred
&
27,500
u
7/„
99%
13%
99
*
•
5
Angostura-Wupperman
1
Apex-Elec Mfg Co common.
•
Appalachian Elec Pwr 4%% pfd—100
Arkansas Natural Gas common
•
Common class A non-voting
•
6%
yyy %
%
Corp common—*
American Superpower
21'A
1%
H
Jun
Apr
Mar
% May
%
4%
59
59
5%
62
X117% 120%
107%xl08
4%
4%
4%
Apr
26%
Jan
27%
Jan
200
2%
Jan
5%
Jun
3,000
56%
Jan
62% May
50
111
Jan
121
Jun
30
103%
Jan
110%
Jun
2
Jan
5
Jun
2,300
THE COMMERCIAL & FINANCIAL CHRONICLE
2330
Monday, June 21, 1943
NEW YORK CURB EXCHANGE
8 T O C K S
New
York
Curb
Week's
Last
Low
Par
Mining & Smelt Ltd
5
Consolidated
Retail
1 -x6%
8 %
preferred
Consolidated Royalty
Consolidated
Steel
STOCKS
New
Shares
Range Since January 1
Low
High
38
Consolidated
Stores
for Week
of Prices
Sale Price
18
Sales
Range
Friday
Exchange
Week Ended June
38
300
x6%
5%
31
1,400
Oil
2
10
•
Corp
Jan
107
100
'
2
;
;
:v 9%
41
x6%
Jan
.
1%
Jan
2% May
700
.
5%
Jan
10% May
Continental Gas & Electric Co—
7%
100
9214
xll%
*11%
Continental Roll & Steel
common
prior preference
$3
Range Co
Cornucopia Gold Mines
Copper
Inc
Coro
common
preferred
convertible
.5%
Jun
9%
Jan
100
9
Jan
10% May
500
8%
Jan
15% Mar
39%
100
37%
Jan
41
6%
700
4%
Jan
%
%
%
,
v
100
*2
2 %
2%
50
2,400
87%
87%
10
■v. 2% :
21
21'/«
3
%
21%
90
Jan
350
W
C
Croft
5
Liquidating Co
Brewing Co
Crowley Milner St Co
Crown Cent Petrol (Md)
Drug Co common
A
Atlantic
Class
Lighting
Inc
3%.
3%
8%
8%
i
m
1%
3%
1%
;.
•
10
400
5
20 %
21
22%
19%
11
200
(Mo)
5
—
Jan
Gray
22%
'.
Apr
Jun
3%
May
Mar
1
St
10
62
11%
Jan
Jan
3%
Jan
1%
Jan
•••:
4
.
12%
12%
18%
18%
1 %
1%
Gray Iron Foundry
1
Mich
Stove
1
3%
3%
Steel
Products
10
18%
18%
100
7 %
common
10
preferred—.
Shoe
Truck
Dobeckmun
Co
200
!.•
Non-voting
Bridge Co Ltd
Steel
&
Coal
B
6%
6%
1st
Co
Duke Power Co
Durham
Duro Test
8%
class B
common
Corp common
Duval Texas
Jun
30% Mar
10% Mar
Jun
10
:A
*
'
21%
Jan
75
■:
21%
Gas
Easr,
41/2%
6%
Fuel
&
7%
8%
67
56%
Jan
69 %
Jun
31%
100
24
Jan
31%
Jun
72
72
100
66
Jan
76
Apr
2%
Jan
4
1%
Jan
8
Jan
"
••
"2%
2
::
700
•
—
Eastern
States
Iron
$5
preferred
t
v
Washing
Bond
Share
$5
B
$6
Power
'
.
•
-
Equity Corp
2% May
19%
Jan
20
59%
Jan
38%
Apr
Jun
25% Mar
%
Jan
1 % May
10%
Jan
24% May
10%
Jan
140
5%
Jan
31%
42
Jan
2%
1,700
;
:
(R)
(Geo
A)
C)
Co
(A
Hardart
&
Jan
9% May
62%
1,300
42
Jan
65% May
2,900
43%
67
50
1%
1,500
30%
8%
30%
8%
94%
30%
9
5%
100
10%
1%
10%
1%
1
30%
.1
5%
.50
29
29
8
Apr
30%
Jun
9 %
Aviation
96
May
:Mar
34
May
6%
Ford
Am
1,500
50
Jan
of
Fort
10
^
£1
reg
•
2
2
11
w
10%
16%
—
Yards
Foundation
Indus
preferred
Froedtert
Conv
Fuller
$3
4%
!
Hussmann
V
t
c
Ligonier
for
1st
9
2%
11
900
7%
Jan
2.200
1%
Jan
1,500
7%
Jan
11
Jan
18% May
10% Mar
3
Mar
Jun
5%
17
5%
700
10
100
3%
Jan
67
20
57%
Jan
67
Jun
98
1,350
81%
Jan
98
Gen
YM
5%
YYY:
19%
—
:
—
5%
20
300
3%
Jan
500
15%
Jan
16%
2%
2%
100
Jun
Jan
i;
6
May
1% Mar
20%
22
Apr
Jun
2%
Jun
Jan
23% May
1%
Feb
3% May
13% May
15
Jan
22%
13%
150
9
Jan
15
Mar
41
41%
100
29
Jan
44
Apr
60
125
62
Jun
1
stock.—
•
preferred
100
28
3%
50
400
15
Mar
2%
'
-" v"
——
59%
—
Jan
11 % Mar
19%
II
45
Jan
77/a Mar
80
100
i2%
2
_
-
Fireproofing
For
&
Elec
$6
footnotes
common
preferred B_
see
20,300
37%
Jan
102%
Jan
v--,
10
107% Mar
;
..
•./
,
,
Apr
.
4 4%
May
49% May
108% Jun
114 f
May
5% Jun
.
.x
-
■
4'/a Jan
17%
May
4iy2
6%
v
10
••
3%
20
Jan
6
May
x33% May
4% May
Jan
Jan
31
Jan
4% Jan
150
6%
."9%
9%
9%
—'
x27'
x27
*
Jan
Jan
100
44
Jun
7%
Apr
11% May
11% May
9%
Jun
22%
Jan
27
Apr
—
7%
Jan
14
Jun
Jan
15%
Jun
May
24%
Jun
11%
22%'
22%
24Vs
600
21
26%
,;v 26%
Jan
250
'
--I'/ '
"
1
May
2 % May
1 %
3,300
6%
10
"'•2"
Jan
19%
11% 'v100
,
Jun
50
1%
300
4%
41 Vss v:
Feb
22
ft Jan
4"
100
•6%
Feb
" Jan
42
200
26%
900
15%
8%
1,500
fv„
Jan
29% May
".
—
'*
1
,
'' fc,
v
'
4%
x20
x20
Jan
20% Jun
60
Jan
78
3
6%
8
Jun
Apr
1
Jan
4%
Jun
3%
Jan
9%
Jun
1
Jan
4%
Jun
25
Jan
38%
3
Jan
9%
Jan
*
--»'3%
•
5% Mar
7%
Jun
5,300
:*
Jan
Apr
-
22%
9J/2
3%
Apr
Jan
A Jan
200
36%
113
1,500
""
4'/a
' ''■>
Jan
Apr
27%
2*
8%
* 9V8
•
200
200
4''
"
,
1
14%
100
4%
1%
Mar
Apr
3.400
r
.
7%
1%
'
3% May
105
Feb
600
74%
:%V7%
-.
Mar
3% May
100
19
71%
;
34
108%
19
"yl%
Jan
Jan
Apr
23%
__
•
20
103% Mar
—
50
27
1; iissiiiiw i
Power Co
—
—
71%
• 4%
10Va
29%
.110
32'%
—'
27
—
Jan
Feb
.
32
.2'1
Hygrade Food Products————.5,
Iowa
y;—. •'
■.
wy 1
'
6%
17
8%
:
—
*
:»
convertible preierredw.^—
.50
Div arrear certificates—Zinc
Illinois
Co..
Imperial -Chemical
%
Am
"•
28
36%
4
u.
2
1
1%
130
1,200
68%
15
page
2333.
"4
100
•
•
14%
—
14%
98
15%
104
900
20
—
5--,
Jan
82%
—
—£1
—
Jan
12%
2
Jan
4%
May
Feb
8
May
Jan
-
■-
•
—
Machine..
Hydro Electric—
$3.50
International Petroleum
Inc
International
Safety
International
newi—
Razor B—
!
;—.*
$1.75 preferred...—
$3.50
prior
preferred
Home
Equipment
Hosiery
16%
.
Jan
21% May
105%
Jun
91
Jan
20
20
260
60
-
Feb
27% May
31
May
1% Mar
24 % Mar
1Q
Feb
84%
1%
—
9'%
——
200
12%
Jan
15 % May
10'%
2,700
2%
Jan
11% May
3%
16%
16%
•
<
-
1%
10 .
i°(r
19
41
17 v :.
9%
l'/8
1%
>8% 10
%
li°(T
17
19,
38% 41
•
r';
2%
2%
v.-24% 24%
v
3% ' 3%
•> ::
17% 18%
10%
10 '■ 10%
2 ■*
l'/s
2 '
—
__
—
■
-1
..* ;>
May
Jan
Jan
13 % May
3,500
13%
Jan
17%
100
1,200
17%
11 '■
8%
.
5
1%
8%
14
Jan
17 Va
Apr
Jan
9%
Jun
1,900
4
...
1
Italian Superpower A_^
300
143i
9
—
shs__•
Jun
82'%
69%
14%
-
_*
*
*
•
*
1%
82
82
-
Mills—:
Air Chute—A.
—
Jan
—
Irving
.
•
15%
*
Interstate Power $7 preferred
*
Investors
Royalty——
_1
Iron Fireman Mfg voting trust ctfs—*
Interstate
Apr
Jan
Jan
10
Utility class A
B
10%
9%
Jun
Jan
—1
coupon
Products
Jun
%
1%
shares—
International
Jun
12%
20%
-
50
series
Industries
12%
1,600
28 %
A
*
International Metal Industries A
Class
-
100
preferred
Registered
-
—
104% 104%
25 27%
• 28
29
^—.
7%
Jan
Jan
...100
preferred
Industrial Finance v t c common
7%
Apr
5% Mar
10
9%
r-
•
__
Jacobs
(FL)
Co—
Jeannette Glass Co_i_.——
-1
*
5%% pfd__100
preferred.^.—L
—100
preferred
4-100
Jersey Central Pwr & Lt
6%
•
-
.
6%
% Mar
1,100
400
3%
14,900
.
800
150
200
10
100
j
Jan
\g
Jun
Jun
Jan
19
Jan
42%
Apr
2 % May
3%
Jan
24%
Jun
7%
32
21%
Feb
May
4%
1 %
Jan
%
Feb
14%
Jan
19
7%
Jan
10%
%
Jan
--
425
1,000
14,000
1% May
10
Jan
.
Apr
v
Apr
% Mar
Mar
Apr
2
Jun
v
2%
—"
.73%
83.
91 %
__
6%
Jun
8
...
;.
91%
p-
2%
Jan
1'
Jan
2%
Jun
Jan
78%
Apr
69%
Jan
86%
Apr
79
Jan
97
Apr
13%
.
:
Jan
17% May
6%
2%
7,800
733/4
83
25
66
10
92
40
400
-
—
Jun
1% May
Apr
12%
—
Jun
2%
Jan
13%
v
12%
Indianapolis P & L 5%% preferred.100
Indiana Service 6% preferred,
100
7%
16%
7% Mar
%
90
500
800
Apr
8% May
Jun
Jun
7%
~4
1
10
,
•
•
.
K
Kansas Gas & Elec 7%
Kennedy's
£1
7
12'%
{
Jun
-
Jan
1
300
350
7%
,
^
,
:—
•
8'
14%. 15 ^
.7%
14%
£1
—
37%
1,700
2,700
-
4% Mar
9%
—
Industries—
dep rets regis
Imperial Oil (Can) coupon
Registered
Imperial Tobacco of Canada
Imperial Tobacco of Great Britain
Ireland
.
•
Julian & Kokenge Co
•
common
dep rets ord reg
General Finance
Corp common..
5 % preferred series A——
Gas
47%"
v
Mar
10
Jan
Mar
13%
28
28
Electric Co Ltd—
General
1%
200 f
1
••••",
Interstate
12%
15
Co
Amer
Gen
preferred
Securities
Hydro-Electric
Jun
6 %
600
Mfg Co common
Alloys Co
General
•100
*
■
6%-,
5
of North America
15
common
preferred
Gellman
36
5% Jan
'v.iVvl
--■,vV
-•
1
.—
Cigar
14%
Co
'i
Co
common
International
1
Power
138% May
Jan
•
'
*
Insurance Co
G
5 %
4 84% Jun
1.800
-
5 %""' 5 %
5
Fibre .Corp
Hummel-Ross
7%
Gatineau
Apr
67 % Mar
27%
S£Z.'-'
100
17% May
3%
convertible
5%
127% Mar
.
;i_;
•
Refining?.
&
International
1
participating preferred
conv
4
7% May
600
8%
_1
Jan
7
5
(Geo A)
y
19%
TJ41 s
_*
preferred
Huyler's
Jun
1
Malt
•
;
Mar
5%
Distilling
&
300
" '**-4%
.5
Baking Co—
30
Brewing Co
Grain
Jan
3% Jan
5
!
common
Jan
_19c
Co
Jun
Jun
3%
'
"34%
^31%" "'31% 31%
-
;
Jan
Engineer—
(Peter)
Apr
52%
29-
4
'2V8
■ v.--
•
2%
•
Common
Franklin
.*
-
25%
May
95%
2%
Stock
Fox
4
Feb
Jan
300
600
^
•
•
10
12% May
1% May
66
67
x96%
•
bearer
Worth
$1.50
Jun
% May
27
5%
":'v6
1.2.50
35
France—
rets
Jun
Mar
* tfiw*
—VV"
,
-2
n
Jan
"
Canada—
of
dep
■
22%
6%
_•
Oil
\
non-voting
B voting
Motor
Amer
(Phila)
Light $7 pre'erred—•
A
Class
:
5%
t--.fr
•
Jan
YYYY
8%
5
ord
rets
Jan
4% Mar
1
i7g
-
Ltd—
Co
Motor
Class
Ford
•
r
>
1
Metallurgical
dep
Ford
Airplane
Mfg Co
Motor
■
9
1
&
12%
108
1% Jan
40
300
6'%.
•' »
...
22%
125
__
1
Brewing
Power
29
20
3,400
(Harvey) Inc—
May
Feb
4,300
-JL
Feb
29
1%
5%
Apr
May
2% May
88
500
29
71
30
Jan
Jan
4%
10
10%
32
Jan
26 ::0- Jan
5,000
94%
13
Apr
Jan
32
500
8
;
7
'v'.\
10c
preferred
Association
Florida
52%
28
-.^7'%
25'
Hardart
Preferred
Fire
100'
3%
52%
700
200
& Co common.
&
International
Fansteel
~3%
:.V,;
...#'33
5c/o
2
28%
7%
:
Fedders
Ja
"j.
38%
Jan
6,200
6
19%
& Co class A
Horn
Illinois
63,500
1%
5
common
Engine &
fe
^ 48%^ 49%
ctfs_„_l.'':/'T%:,^;1^8
1%
a.
.
Horn
Jun
7%
•
Pipe Line common.
Eversharp Inc common
Fairchild
fe
:.^82%'!^82w,84%
.10
—
Horn
Mar
12
%
28%
4
Eureka
Falstaff
Jan
•
t.
—
common^—'
Apr
6%
50
■
65%
100
stock
13
66
15
pfd
Esquire Inc.
Fairchild
5%
700
96
—5'
Paperif.
24% May
60
1
Equipment
convertible
$3
13% May
Jan
300
;
61
"l%
participating
&
65/i
•
.
Derrick
13
7%
*
2d pfd A
Electric Mfg—
Empire District Electric 6%
Emsco
Jan
12%
a
J.5%
;
-
Co
A
Hormel
Apr
275
39%
5%
Jan
800
%
39%
5%
13
*
Emerson
',1
x
4
Hollinger Consolidated G M.
Holophane Co common
Horder's Inc
.—!
27/8 May
11%
Jan
io
25
24
39%
7%
42
650
24
warrants
Power
36%
22%
U
5
common
& Light
','26%
May
18% Apr
'
Electrographic Corp
Elgin National Watch Co.
Empire
35
22%
*
preferred
Option
350
22%
•
,
preferred
Electric
2,000
22%
1
c
Machine
&
2,500
2%
57%
*
Economy Grocery Stores.Electric
35
12%
2%
•
preferred series B
Eastern Sugar Associates—
Jan
125
113% 113%
Humble
56%
•
$6
Easy
12%
57
25
Corp
preferred series A
$7
(12
•
100
Malleable
10%
^
Heyden Chemical common—.
Mar
*
100
preferred
Eastern
12%
13
Feb
66%
10
common
'
„•
Rubenstein.
Co
5%
Assoc
t
!
•
Rayon voting trust
Brewing Co.—
Hoe
Jan
'
prior preferred
Apr
6% Mar
Feb
3,600
Electric Light.—.25
Preferred
Jun
29%
•
Lead
Picher
50%
Apr
x37.
—
100
Hubbell
Eagle
4%
;
;4"'C &
—.25
Henry Holt & Co participating A
Hewitt Rubber common!
Jun
7
Lamp
Heller
9% May
Jan
1
Sulphur
stock
common
preferred^--
'
Class
May
400
8%
.;
Helena
4% May
19 %
Jan
-i—
*
Hosiery
12
Hat Corp of America! B non-cot com_il
Ha?eltine Corp.—^
J
Z*
Hearn Dept Stores commorii..——^5'
6%
convertible preferred—.—
50
Hecla Mining Co—i
25c
1% Mar
•
Driver Harris
37,
1
'/.vy-;,-■
Apr
Jan
*
9% May
Jan
Jan
Tea—
HartfoTd
Apr
3%
-700
••
Harvard
May
13
19%
10
Corp
Draper
72
Jan
5%
25
4%
200
17%
X37
—-5/ V,—
—
preferred
Hall
Jun
Jan
24
,
-V
•
Dominion
16%
52%
Hartford
3% May
Jan
2
14%
1
Dominion
•
•
—_1
Northern
Hammermill
Mar
Jan
9
1
common
common
62
111
Mar
%
•
.
Jun
10% Mar
!
10
.
common
Divco-Twin
i
•
18
1,200
Detroit
•
Apr
4%
Jan
x8%
200
--
■,?100
Detroit
De Vilbiss Co
1,000
11
Jun
Apr
5
Jan
:'f 62%
1
19
33
Feb
1%
.
•
'
110
•.
700
■
Detroit
Diamond
Apr
'17
10
Pacific
&
'
!
Jan
50
25
'
•
3%
20
common
Jun
90%
"5% 1%
:57/a
A———————T*. ;
Co.r
Apr
200
62
f
Co
Apr
109%
Jan
May
18
24%
ilU'
3%
18
200
■
'
12%
39%
Jan
Grocery Stores Products common—25c
Gulf Oil Corp.—u.————25
' -,"46 % i , ',.45%
Gulf States Utilities'$5.50 pfd—C.V--"
Mar
Jan
200
3%
Mfg
preferred—,
Mines
Paper
Greenfield Tap & Die
May
Jan
8%
950 r
5 ;-
3%
~3%
•
preferred
Gasket
18%
5
100
convertible
6%
300
32
V:
50
.«
Derby Oil & Refining Corp com
A
18%
32
;
5
common
debenture
Detroit
18%
32
1
$6 prior preferred
8%
17
15
35
Jan
100
6% May
50
class
Atlantic
7%
Apr
2
;;
Mfg
Great
;
16%
•
Class A convertible
31
125
—
—
$6
Dejay Stores
Dennison Mfg class A
150
45
•
Mfg Co
Apr
Feb
Jun
Jun
37%
Gypsum. Lime to ,Aiaba.stlne——-I—1*
5
74%
112
109%
:
'Ci% ~8%
1
--
——
Consolidated
Great
D
Darby Petroleum common
Davenport Hosiery Mills
Dayton Rubber Mfg
Jan
89%
—*,-:
—
Grand Rapids Varnish
Feb
1%
9
1
24
15 %
2
B
preferred
Gorham Mfg common
May
Feb
,
3%
2% May
Jan
Jan
100
109
"T09
*
class A
$3
Jun
Jan
1%
2.50
common
2
Feb
%
6
Jan
527/e
May
8%
Jan
'
%
130
•
preferred
Gorham Inc
4% Mar
•
100
20,800
2%
2%
•,
Jan
6% Mar
I
13
4
a
200
V
~5%.. .1%
Coal————*
Goodman
Jan
2%
,/
200 '
May
103%
•
Goldfield
U May
Jan
1,800
:
13
10%
1%
—
.
Jan
200
mi—*'
,
24% Mar
Jan
Jan
sa
.1%
;\73
'
7% May
15%
1%
72
•
Co^—,
Godchaux Sugars
23% May
Jan
10%
>1 v
1,500
25
Sugar
Curtis Mfg Co
8,700
;
3%
•
common
Curtis
23%
~~% ~~A
3%
314
25c
.
"f# convertible preferred
Crystal Oil Refining common
$6 preferred
Tobacco
22%
v'l".
5
Cork International
Crown
Cuban
%
•
Crown
Cuban
22%
•
1
Petroleum
Creole
5%
May
2
v4
%
3% May
13% Jan
(ord reg)—£1
100
36%
common
Apr
62
Jan-.
30
•
i—
Glen. Alden
Jun
u
$7
dep receipts
1%
1%
•
Gladding McBean Sc Co.———
Courtaulds Ltd—
American
1%
High
74
Jan
'% May
70
—'
i—-
Preferred
Gilchrist
Low
.61
59%
2% May
Jan
2,600
(A C)
Range Since January 1
High
58%
59%
1
common
Shares
,,V—
$6
preferred
Gilbert
9 % May
Jan
79
preferred
$5
for Week
of Prices *
Low
6%
Service
Water Gas & Electric
$3
i6a Apr
Apr
Public
Georgia Power $6 preferred
'
Apr
77/'b May
Jan
32
8
.
Gen
15% Mar
10%
6%
—1
Petroleum
Cosden
94
39%
1
*
& Reynolds
preferred A
Jan
12%
*
i.
Corroon
$6
76
10%
•
*
*
50
,,
94
12
•
Cook Paint & Varnish Co
Cooper-Bessemer
v'» "V 390
13%
2,600
92%
1
preferred
prior
Sale Price
pfd
100
preferred—*
General Rayon Co A stock
*
General Shareholdings Corp com
1
$6 convertible preferred
•
General Tire 81 Rubber 6% pfd A—100
General
Jan
100
io%
General Outdoor Adv
Jun
Sales
Range
Last
18
Par
Mar
107
Week's
Week's
Friday
Exchange
June
High
Jan
3%
York Curb
Week Ended
16%
107
Apr
Apr
Mar
Inc
Ken-Rad Tube
4^
preferred D
Kingston
Products
Petroleum
Kirby
7%
pfd B—
•
120
—
5
& Lamp A
Kings Co Lighting
5%
preferred—100
.
13%
- -
8
13
10C
100
—
50
—
*■—-
1
1
—
3%
3%
3%
120
8,(
13'%
50
20
Jan
May
123
'
6%
Jan
5%
Jan
8% May
14%
Apr
47
Jan
50
* Jun
32
10
--
4,
3%
115%
100
200
Jan
37
May
Jun
4,500
1%
Jan
4
300
1%
Jan
4 % May
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4187
157
STOCKS
New
ft?
York
Curb
Friday
■ft
Par
(D
Knott
Stores
4%
convertible
(S H)
Kreuger
ii
96
10
13%
14
200
5%
100
14
Jun
Apr
Nebraska Power 7%
Apr
Nehi Corp
9
Jun
Nelson
10
Feb
Neptune Meter class A
5
•
Nestle Le Mur Co
*
92
Jan
100% Mar
12% Mar
14% May
6% Jun
100
Co
4%
200
Jan
Corp
class A
New
Haven
Lackawanna
RR
36 %
37%
300
1
12%
11%
13%
10,700
1
(N J)
Clock
Shore
2%
2%
3'A
3,200
5%
5%
100
10%
10%
10%
100
100
Mines Ltd
20% Jan
Lamson
Corp of
Delaware
preferred
Lane Bryant 1%
Lane
Wells Co
Land.
5
Class
Oil
Line
Lit Brothers
Locke
Steel
11%
•
■
Y
&
N
Y
Y
Jan
5% Mar
Feb
16% May
4%
Jan
9% May
it
Jan
% May
100
24%
Jan
30
Feb
10%
16%
N
1% May
11,300
11%
8,100
7%
Jan
11%
Jun
20'A
50
17%
Jan
20%
Jun
2'A
800
%
Jan
2
Honduras
2% May
Power Si
Light 7%
preferred
Y
Y State Electric & Gas $5.10
N
Y
Water
5%
Mapes
Mfg
A
Jan
42% May
Jan
39
Noma
May
7
6%
7%
4,300
5%
26%
26%
450
May
6% May
Mar
8
Jan
Jan
29% May
5,000
%
2%
Jan
2%
Jan
57
4%
Jan
Jun
Feb
Jun
90
26
Jan
35
4
11
5%
5%
Jan
17
1%..
1%
ft 600
3%
Jan
6% May
,
2
rVr.dan,
..
Apr
;>jri
7%
7%
8
700
4"%
Jan
8%
4
4 Vg
1,200
1%
Jan
4% May
12%
700
8
Jan
13% May
11%
•
125
6
4
•
common—
preferred
4%
34
1,400
100
34%
Jan
2%
Jan
21! I
4%
34'A
Jan
19
•
—
7%
7%
8
Jun
100
102
1
2%
:
28
66,000
98 %
ft
fti
—10
Corp
v t
.
1
5
common
1'
8%
#;;
Jun
May
7%
•
Midwest
_
&
___
10
109%
Jun
% Mar
Jan
1% May
7% Mar
4% Mar
4,000
x3%
6%
% Jan
Jun
8 "A
Jan
Jun
2
Jun
Jan
9'A
Apr
Mar
4%
9%
Pwr & Light 7%
Public Service
Missouri
Mock Jud
Voehringer
Molybdenum
pfd
15%
Jan
19%
Jun
25%
Jan
35%
Apr
2%
200
1%
Jan
2%
Apr
8%
200
6%
Jan
8%
Jun
14 ft
'ft'.;
Jan
19
900
%
Jan
700
3%
Jan
7,900
ft
Jan
•
65 /
52%
Jan
70
prior preferred
American
'•
2'/a
300
1%
Jan
2%
Apr
1%
100
1
Apr
1%
Apr
400
50
56
56%
H
57
59 % Mar
Jun
90
Jun
Jan
109
May
5%
Jan
90
—
—
Penn
Montgomery
7
!
ft.
x8%
18%
3%
8
10%
18%
?
100
__
9%
*
—?
7
■
1
Montreal
Utilities
Ward A
—10
ft
31.500
18%
3
-ft
.■
7%
Jan
4%
350
■r
12
%
May
Jan
10%
21% May
Jan
4
1% Mar
::
Apr
Jan
17
25,300
ft 4
"
v *
Jun
Jun
1% May
•
•
Light Heat & Power
22%
—
31
•
ft
Mtge Bank of Col Am shs
Mountain
City Copper common
Producers
10
Mountain
States
Power
Murray
ft*
Ohio Mfg Co..
*
*~-»
2%
—"ft.
*
preferred.
ft
-ft
•
•'
'
8%
100
"2
"2 %
1,600
Jan
Apr
21%
250
20'A
7% May
180
Jan
22%
Jan
31%
Jun
Apr
Jun
1%
900
■■
'>•
:
.
■
—
1%
Jan
•;:"V2%
Mar
4%
Jan
6%
Apr
Jan
18
Apr
112%
Jan
126
Jun
'
v
14%
14%
200
12%
50
8%
800
7%
ft
64
'
30
9,
Jan
10%
Apr
14% Mar
Jan
10% Apr
69% Mar
4%
57
Jan
i
15%
Jun
Nachman-Springfilled
•
National Bellas Hess common
1
15
1%
1%
15%
•
400
1%
18,000
10
f Jan
•ft Jan
r
15%
Jun
1%
Jun
Breweries
•
25
May
27
Candy Co—
•
18:
Mar
25%
Jun
National
City Lines common
1
May
common
preferred
(Del)
23
51
11%
11%
300
11%
11%
10,600
-
May
Co
Brass
Ohio
Power
$3
B
common-
$5%
4%%
7%
1st
Pacific
Can
5%%
Pacific
*
1st
Apr
96
102% Mar
7
~6% ~7%
•
108%
Jun
2,200
4%
Jan
8% May
24
800
16%
Jan
27'% May
5
23
23%
11%
*
101
100% 101
Telephone
$1.40
preferred
Cent
Penn
Penn
Traffic
Penn
Water
Mfg
Pepperell
Jan
12
Apr
4
Jun
101
Jun
Apr
Jun
A—
8%
Jan
12
900
16%
Jan
19%
54
200
48
Jan
54
Jun
80
110
Feb
117
May
200
7
Jun
8
Feb
Jun
'
'.
ft'"' ft-
A.-.'
'
7
7%
6%
6%
::
'
Apr
50
:v
3%
Jan
8
200
3%
Jan
7% May
ft-
A*.
40
91
6%
5%
6%
15,600
17%
18%
31%
32
&
Power
Co
Jan
84%
3%
Jan
Jan
■<
Jun
I
Jun
Apr
6% May
6% Apr
23% May
Jan
19
May
Jan
35
Mar
28%
Jan
32% Mar
Apr
32%
4%
4%
8,100
3%
Jan
15
14%
15%
3,000
9%
Jan
62'%
62%
35%
35%
35'A
4%
1
Apr
4% Mar
50
44
Jan
25
27%
Jan
36%
Jun
600
'A
Jan
l'A
Apr
76
Jan
99%
Jun
74%
1
16% May
63% Jun
Jan
94%
Jun
130
99%
150
20
%
74
2.50
2%
60'A
61
—ft
100
115
3/.'
2%
100
61%
1,450
115%
125
2%
Jun
51%
Jan
104
Jan
Jan
5
Jan
33%
170
21%
Jan
Feb
%
% Mar
100
.
Jan
4
common
5'%
31
100
—ft
"
Co
18
28
1,100
50
—
Jun
Feb
9%
Jun
95
Jan
'14
—
1
Co_—
Jan
3%
6% Mar
__
25
common—
73
15%
100
5'%
—
—
100
2%
65
Jun
Jun
Jun
116% May
34
Jun
6'% May
8% Apr
•;v
Phila Electric Power 5%
Phillips
Packing
Phoenix
Securities
Pierce
Pioneer
common
preferred series A
Gold
Pitney-Bowes
Pitts
pfd
Co„.
Governor
common
Mines
Ltd
Postage
& L
Bess
E
Meter
RR
31%
25
Jan
22
Jun
10
55%
55%
550
42%
Jan
56%
Jun
•
11%
12%
500
8%
Jan
12 '/a
Jun
Jan
2%
Jan
77/s
Jun
21
1
1%
1%
•
1%
7%
7%
50
41%
59%
95
8,600
common
Mining Co
Sugar
Powdrell
&
Power Corp
common...
of Canada
& Lambert
Pratt
Premier
Gold
41%
50
38
Jan
42%
Jun
55%
59%
2,620
47%
Jan
59'%
Jun
10%
Jan
14%
Jun
95
Prentice-Hall
Co
96%
2,800
84%
Jan
97
Apr
of
Metals
America
Corp
Gas
Service
1,200
9%
Jan
21 f- May
7
Jan
12%
200
1%
1%
60
3%
3%
$6
75
12% Mar
10,000
ft Jan
8%
9'A
4,300
ft.
•
1
"9 ft;-'
"9
--
1
CO O O
IS
"
1
20
6%
—
i5«
400
6%
%
A
.
1
—
~7
%
"7%
1
rt O O
prior preferred
preferred
Puget Sound Pulp & Timber
Pyle-National Co common
Pyrene Manufacturing
Apr
7
Apr.
Jan
%
27%
3%
iJ
Jan
Jan
34
Jan
41
Mar
7
Jun
Jun
Feb
May
7% Mar
% May
ft Jan
4
Jun
7%
Jun
8% Mar
104
ft,-..
10
Jun
1% May
74 A
12 A
13
8%
11C
„?/8 if,,
71,»
11
75^8
12
/e
13
13 ,4
8/28%
Apr
106%
Jan
109
100
100
*
•
*
—5
14%
x9
of Colorado—
preferred
preferred
14'/a May
Jan
4%
5'%
8,800
Jun
Jan
Feb
3,300
nr
39
39
1
*
*
"%
4%
9%
3%
19
...—•
Puget Sound Power & Light—
$5
200
1
9%
5
1
Jan
Jan
14%
14%
1
•
common
2%
8'%
4'/a
500
13%
—
5
Inc
'
14
10
1
of Nevada
Prosperity Co class B
Public
1
7.50
Mining
Apr
/ft 6
4
25c
Alexander
l'A
700
,
10
25
common
Jun
Jan
8%
Plate
Scale
Apr
ft: 4%
5,900
Metallurgical
Valley Wine Co
9%
8,900
21%
3
Pittsburgh
Pittsburgh
Inc
33'A
ft 9%
8%
50
Glass
Feb
7%
19%
*
Pittsburgh & Lake Erie..:
19%
Apr
90
5'%
108%
72%
5%
—
800
18%
4%
Jan
300
12%
Feb
102%
8%
19
Anr
Jun
300
6
_~
1%
Jun
31
34
Sugar Refining
Tea 5%% preferred—
13%
35
Jan
8%
National
Jun
Jan
28%
6
Jun
Jan
—
31
200
1.000
•
common
13% May
35
30%
108'A 108%
„
*
common
Jan
34%
30%
•
49
Apr
8%
__
__
34%
—
1
Feb
2333.
108
19
/..—'ft
•
100
Jan
103% Mar /;
Perfect Circle Co
49
%
"ft
•:
Philadelphia Co
48
1,300
ft ft,-I I
Pharis Tire & Rubber
♦
8%
Mills^
Co
Mfg
Steel
—
■i
•
Sugar Prop
National
—_30c
ft;
7%
■.
1
Light $7 preferred
Penn
1st
Radio
-
96%
&
Salt
Pressed
Jan
8%
1%
"•'ft
•
Power
Producers
9
51% May
12% May
11,
_
7
1
preferred
1st
1%
113% Mar
*
A
Airlines
Penn
1%
•
115%
Jan
Penn
6%
Mines
Jan
107
%.
May
•
Jun
106'A
•
May
•
Jun
40
20
113% 115
Pennsylvania Edison Co $5 series pfd_*
$2.80 series preferred
•
Feb
10
Jun
5%
22% May
101%
112% 112%
Penn Gas & Elec class A com
7
12.50
Jan
53
''
•
Pennroad Corp common
13
National Transit
Jan
91
18%
,;'K:
..
10
Plymouth
44%
40
Jan
17%
90
.•'I'ftv..-'
•ft'
*
Corp
Patchogue
Jan
Ltd
2%
250
114% 114%
25
.
Peninsular
50
Jan
4,300
2 l'A
100%
21%
100
••
112%
25
Co
25 %
87%
--C
•
1st pfd
common
Motors
Jan
6%
ft
4%
21 %
■
1
Service
Parker Pen
Jan
500
•
•
preferred
Paramount
6%
97
•
common
Page-Hersey Tubes
3%
page
Jan
Pantepec Oil of Venezuela Am shs
15%
—
Light $6 pfd—
see
82
5
preferred
Public
$1.30
700
footnotes
Jun
130
96
Lighting $5 preferred
*
Pacific Power & Light 7% pfd—-.100
600
For
6
50
Co
1st
6%
Union
Feb
15
common
Pacific Gas & Elec 6%
11%
National
4
100
Securities
6%
&
Apr
100
1
Overseas
11%
Tunnel
Mar
1%
5%
pfd.[..-1C0
Oliver United Filters B
*
National
Feb
5%
100
preferred
prior preferred
conv
•
National
53
%
100
»
preferred
preferred
National Refining common
National Rubber Machinery
Car
31% May
Feb
1
4%
6%
Providence
&
Power
32% May
51%
1
•
class
$6
Ohio Public Service
100
2% Mar
1
Mfg & Stores common
22
51
22
50
National Fuel Gas
National
Jan
Jan
80
•
25
Corp
Ohio
Polaris
National
Container
22'A
51%
May
O
Pneumatic
National
National
100
23%
common
Potrero
National
29
51%
100
class A
Power
Ogden Corp
Plough
N
convertible
29
pfd-100
preferred
Pleasant
$3
Jun
% May
250
50
Public Service 6%
Northern States
Conv $3
13%
.
6%
.12%
62
64
163
100
' 31%
30
ftftiftft
:•
160
22%
ft ft- 6 '. a
--".ft'(
100
—
Muskegon Piston Ring—
Muskogee Co common.
6%
6'A
•
common
Mountain States Tel & Tel
"
~2
5c
Mountain
5%
■■
172% 173
•
—_—
Investors partic pfd
Moody
4%
65
5
Texas Oil
Co
RR
Nor Indiana
$6
'
1
1
A
Jan
100%
—
2.50
common
;
'
Dakota
Montana
1% May
64%
50
Utility Securities
Central
Mar
2%
•
common
common
Loan Society
Monroe
150
1,025
100
Corp
Pictures
?
1%
♦
Monarch Machine Tool—_—
Monogram
19
28%
'•
pfd_ —100
Mississippi River Power 6%
Jun
14
Feb
8%
'"•r
1
.-
Mining Corp of Canada
Minnesota Mining & Mfg—_—
Minnesota
Apr
8%
«
1%
Pacific
Apr
2
"
•
*
Supply—;—
Refineries
Feb
12"%
?
31 % Mar
26%
28 V\
50
:
Piping
Mid-West
103'%
Jan
8% May
Feb
19
*
Co
Jan
8%
Jun
Jan
3,800
8%
•
2 %
6%
8
__
Abrasive
Oil
Midwest
91
4,200
S
4%
Parkersburg Rig & Reel
$2 non-cum dividend shares—
Mid-West
6% May
ft: 2% May
%
2,400
2
108
s
6% Mar
900
■;| "
8%
Apr
Apr
Jan
900
500
Corp $2 conv preferred-.*
common
11
Jan
itf
Oklahoma Natural Gas
Midland Steel ProductsCo
Feb
ii May
3%
400
Jan
1%
Jun
4%
200
6
•
7%
1%
——
—Ii.-
6
7%
5%
c_l
t c
ftft
7%
1
Middle States Petroleum class A
•
6
1
7%
ft
2,100
13
Jan
Mar
Jan
108v
%
—2.50
*
Preferred
Mid vale
~5%
IVa May
ft 1 I Jan
28
1
Michigan Steel Tube
Michigan Sugar Co——
Corp
50
2a
8%
Jan
% Jan
1%
.
West
102%
1%
15
•
Michigan Bumper Corp
Middle
ft
4%
1st preferred
Oilstocks Ltd common
6% May
ft Jan
5
1,700
,
25c
Corp
Participating preferred
Metropolitan Edison $6 preferred
Midland Oil
1/128 Jan
%
Apr
145
,
Jan
2;'
•
preferred
v
Apr
ft
10%
10%
North American Rayon class A——*
Class B common
•
Ohio Edison
4
•
Messabi Iron Co
B
62
110
13,800
—
Apr
200
.
Class
Apr
Jan
61 %
"5%
Mar
•
Co_„
Micromatic Hone
72%
42
60
1%
Omar Inc
A
Jan
575
Jun
Jan
:—
Textile
58% May
3% May
54
69 %
4%
-
preferred
Novadel-Agene
Merchants & Manufacturers class A—1
6% %
Jan
1
—
,
Northern
•
,
Memphis Natural Gas common
Metal
109% May
Jan
1%
& Power common—1
Electric
North Amer Light
$6
Jan
36%
107% Apr
18% Jan
103
—1
Chapman it Scott-
May
Com¬
v t e
Warrants
Apr
23
102%
100
1
McWilliams Dredging
Merritt
104
Jan
60
3/64
5
preferred
20
common
Participating
Feb
%
21%
_*
Radiator & Mfg B
Stores
Apr
'
3/64
675
Class
2,000
•.
Mercantile
Jun
111
40
3%
68
100
*
•
&
12
Jan
82,200
51
3%
69%
1
5
Jun
1,325
Steam Shovel—
Johnson
Jan
10% Mar
95%
io
98%
50
100
Niles-Bement-Pond
*
8% May
24% May
102
vft.';: 107% 108%
3%
Nineteen Hundred
200
Feb
4% May
18
.
;ft-
98%
51
Apr
2%
31
Feb
Jan
16%
—
—
—
Apr
•
Mead
100
2%
4'A
Jan
.
2%
100
9%
1%
Marion
Massey Harris
24%
16%
2%
28
■
Jun
2%
12
Jan
4%
■—A.
100
r.
24%
Jan
•
ft'
"V;'
—.
—:
12
Jan
41
Margay Oil Corp
McCord
ft 3%
i7«
2
Mas? Utilities Association
37/a
6%
Ki
Marine
3% May
12%
Ltd
Co
Jan
200
38%
Co
International
munication
1%
2,900
1
Consolidated
Marconi
1,900
10
Niagara Share class B common
1%
Co.
2%
100
preferred
5% 2d preferred
Class A optional warrants
Class B optional warrants
36%
:
2%
—1
;
.
pfd.100
pfd
common
1
preferred
(The B)
6%
39%
Stores
Manischewitz
Service
1st
North
convertible
21%
68% Mar
8,600
M
$5
Jun
Jan
Jan
1
Niagara Hudson Power
North
i
9
13%
57%
•
-shares
N
6%
Mangel
Jan
800
Shipbuilding Corp—
Founders
1 V'B
Manati Sugar optional warrants
4%
"
:
900
1%
•
7%
107% May
1,600
9
5
Jan
65%
preferred—100
40%
common
87%
10
36%
Lynch
Jun
20
10
Rosario
•
Louisiana Power & Light $6 pfd
Jun
17%
21%
8%
■
49
Jan
ftfft
L
Merchandise
100
Exploration
5'A May
Jan
9%
65
•
Corp B
Nipissing. Mines...
.
Jan
25%
50
20%
•
common
100
.
Jun
5 % May
65'A
1%
16%
1
200
6
11'A May
Jan
1,325
ftft
101
7
1%
21%
1%
16%
3%
101
9
10
17%
3%
1
common
Co
$6
Jun
21
Feb
12,800
2%
•
Packing
Corp
N
Feb
20%
5
common
49
16%
100
11% May
8%
8!«-
preferred—.25
Chain
&
Mar
101
12 %
5
Inc 6%
Land
6
Feb
#.%•:/• %
30 'ft 30
1
Lone Star Gas Corp new common
Lpuisiana
Feb
% Mar
8%
47%
City Omnibus warrants
2%
*
Long Island Lighting common
7% preferred class A
6% preferred class B_
Loudon
Auction
Y
19% May
25
(R G) Inc
(Thos J)
Y
N
6%
*
-
Material Co
Lipton
N
Apr
1
Development
Le Tourneau
Apr
4%
3%
*
common
Convertible preferred
Lehigh Coal & Navigation
Leonard
New Process Co
14%
Jan
100
1
B
Jun
Jan
2
Langendorf United Bakeries class A__•
Lefcourt Realty
39%
8%
100
common
4%
*
N
Lake
Lakey Foundry & Machine
Jan
21
Apr
112'A May
25
Arizona
&
37/a
Feb
7% Mar
48%
•
Co
Zinc
Mexico
II
'
4%
100
New Idea Inc common
New
High
12%
104%
Jan
80
II
ft'__
•
4%
*
England Tel Si Tel
New Jersey
600
109%
—
100
New
L
109
•
preferred
preferred—
$2
Low
20
*
(Herman)
England Power Associates
6%
5%
1st pfd
Range Since January 1
High
19
109%
100
10
New
preferred
preferred
Shares
■
20
•
Co__.
for Week
of Prices
Low
Par
Oil
Sales
Range
Last
Sale Price
i
Navarro
Week's
Friday
Exchange
Jan
%
10
190
Apr
Curb
.Feb
4
500
9
ii
Apr
9%
8'A
*
High
ft
Jan
13 %
1
1st
Low
%
1
.
special preferred
Brewing
ftft ft, iCc?
High
York
Week Ended June 18
Range Since January 1
10
Inc
Koppers Co 6% preferred
Kresge Dept Stores—
Kress
ft:—Low
STOCKS
New
Shares
*
Corp common
Kobacker
of Prices
1
Emil) Co common
(I B) Rubber Co
Kleinert
Sales
for Week
Range
Sale Price
Kirkland Lake G M Co Ltd
Klein
Week's
Last
Exchange
18
Week Ended June
2331
Apt
114
Jan
116
Jun
925
101%
Jan
8,400
45'A
Jan
75%
Jun
900
7'A
Jan
13%
Apr
15
Jun
425
200
9 '/a May
THE COMMERCIAL & FINANCIAL CHRONICLE
2332
Monday, June 21, 1943
NEW YORK CURB EXCHANGE
Week's
Friday
STOCKS
Last
Week Ended June 18
New
Range Since January 1
for Week
Range
Low
Par
STOCKS
Shares
of Prices
Sale Price
Exchange
York Curb
New
Sales
York
High
Low
(Hugo)
Stroock
(S)
Quaker Oats common
6%
preferred—
—Quebec Power Co—...——
151
.100
152%
1%
13/4
19,400
13%
575
127/8
1
'
*
—
—
2,300
;
;
'•
~
ft
37/b
——-
3%
133/4
Jan
Apr
Jun
Apr
53A May
Jun
14
<
Jan
9%
1%
Jan
1,000
ft
Jan
3% May
% Apr
40
-
913/4
Jan
«"V*
13
:
-
104
7%
Jan :'
100
2%
Jan
May
17
Apr
10% Jun
Jan
-
400
4%
17
Mar
4
.V.
Jan
5% May
16
Jan
18% May
49%
Feb
69
19
2%
1,500
17
65
— —
1,050
V*
——
Jun
-
Feb
3%
-.
100
5%
5%
2%
100
69
-
Jan
6%
5% Mar
,22
Apr
Apr
4%
—
4%
1,000
3%
6
1,000
3%
Jan
6% Mar
1%
—
Jan
53/4
1
•
.1
300
12 3/b
183/4
19%
700
13%
10%
11
200
7%
5%
15,000
1%
Jan
47%
150
4%
—
preferred
1% May
Jan
183/4
47
50
213/4
Jun
Jan
20%
Jun
Jan
11% Mar
5%
Jan
43
Jun
49 % May
12% Mar
14
Apr
9% May
8% Mar
Power &
Texas
P/4
600
ft
Jan
Light 1%
pfd—
..100
Shovel
Tilo
Co
21 %
21%
11%
*
5
102
60
;
6 3/4
700
2%
1,100
4%
Product
Tobacco
Jun
5%
«
Apr
6%
Jan
Feb
22%
y
Jan
Va
43
«
.
112
Mar
17% Jan
,•
Jun
Mar
137/eMay
3% Jan
200
'
Allied Stocks
Tobacco &
5%
24
Jan
700
;
21%
6%
"2
Realty & Construction—
6%
5,250
2
Roofing Inc.
Tishman
173/4 Mar
»
5%
5
20%
5
common...
3% Mar
200
12%
111% 112
112
2
Texon Oil & Land Co_
Thew
21%
rl2%
12,500
5%
4%
4%
1
*
•
Taggart Corp common
Tampa Electric Co common
Technicolor Inc common—
May
2%
Jan
56
Jun
Jun
"
Exports
5%:
—
900
5%
5%.
2%
Feb
5%
6%
Jan
.10%
1%
Feb
3
Jun
Tobacco Security Trust Co
Feb
•
■
213/4
Drug Co—
Oil..
Ltd—
dep rets ord regis...
dep recs def reg——.
Amer
7
10%
2%
2%
%
Jan
9% Mar
•
300
102%
10
-
Apr
•27
■
1,600
•
..
10
Jun
1%
Jan
3
Mar
Mar
J&n
3,100
'
...
%
<
13%
Jan
10%
ft
101
pfd D—100
Roeser & Pendleton Inc..—
—*
Rome Cable Corp coriimon——......5
Roosevelt Field Inc.—.
.——5
Root Petroleum Co..
1
$1.20 convertible preferred:.
:—20
Royal Typewriter—
1-•
Royalite Oil Co Ltd.:—
.—■-*
Rochester Gas & Eiec 6%
51
Jan
J
-
23/4
—
19
ft
400
9%
2%
Jan
Mar
21%
14
-
9%
2%
% Mar
Jan
300
4'%.
13
14
Jun
2,200
%
19%
Machinery
convertible
High
Jan
213/4
Jun
13%
23/4
—
Republic Aviation;
—
1
Rheem Manufacturing Co——;—-—1
Rice Stix Dry Goods—.—..
:
•
Richmond Radiator:
—.....
1
Rio Grande Valley Gas Co v t c
1
Ryan Aeronautical Co
Ryan Consolidated Petroleum..
Ryerson St Haynes common
1%
4
2%
Jan
13%
3,500
-
4%
Jan
50
26 %
ft"
■
300
'
13 Va
--
26
.
*
Reiter Foster Oil Corp..
Russeks Fifth Ave..,.—
17%
——'
12%
1%
*
—50a
Reliance Electric & Engineering
—5
ft
—
•'
Feb
156
•7%
%
r
—
17%
Feb
Low
%
Co
Sun Ray
Sunray
5% %
Range Since January 1
'•
■. •
12%
"V.
Mar
92
High
Superior Port Cement class B com
Swan Finch Oil Corp
—15
13/4
/:■
Jan
146
^
13%
%
common—50c
1
Reed Roller Bit Co..
70
..
'"1 { 5
■11R
Red Bank Oil Co__
.
«
Radio-Keith-Orpheum option warrants.
Railway & Light Securities
Voting common——
—
10
Railway & Utility Investment A
1
Rath Packing Co. common
10
Raymond Concrete Pile common—.—*
$3 convertible preferred..
—*
Raytheon Manufacturing
110
-
Shares
5
Corp
Sullivan
89
87%
Low
Par
Stinnes
Sales
for Week
Range
of Prices
Sale Price
'
High
Q
Week's
Friday
Last
Exchange
Curb
Week Ended June 18
Amer
v.
—
—
Shipyards Corp
...100
Edison 6% preferred
—100
preferred
Tonopah Mining of Nevada^—_ —-1
1
Trans Lux Corp
—
—.10
15%
—
■:
53
Jan
30
102
Mar
106% May
107
Mar
112
—' '
—
Transwestern Oil Co
..
li
'
'
Trunz
Chatillon
..
'•
■'
A
%
1
60%
-4-
1
—
61
5
———
Tung-Sol Lamp Works.
80c convertible preferred
2,400
37a
Jan
500
4%
Feb
4
May
Jun
lJ/s May
1%
10-
Apr
Jan
39
250
:
"1"
Jan.
64
Jun
Jah
5% May
10% May
5 3/b
1,600
10%
400
'3%
1,500
1,200
2
Jan
3 Va
1%
Jan
33/4
4
1,300
3
Feb
6%
6%
200
5
Jan
5
Apr
16
•
Jan
"9 /;
'
;l
1% Jan
6%
Jun
67
ft Jan
;/
300
5,400
"8%
Corp.———
700
3%
:
13
Inc
Tubize
n [■
r
15%
3%
15
warrants
Tri-Continental
Class
"
'
«««•
Jun
May
250
106%
106
Toledo
7%
65
63%
64%
Todd
,e:/.
—
2% May
«
10%
63/4 Jan
U
1111 s
'
1%
3%
3%
3%
Regis Paper common
preferred—
—
————5
...100
Oil Co.——
1
6%
5%
6%
1
*
2
1%
9,500
2
7%
Salt
Dome
Samson United
Corp common...
Mills
Sanford
—
Oil
—
136
.
common
May
4% May
Jun
137
8
Apr
23/a
Apr
$3
Jun
United
Cigar-Whelan
Jun
United
Corp
ft Jan
500
2
Jan
2%
4,700
•
Jan
115
25
136
Jan
24%
Jan
1,100
%
Jan
"2%
~2%
15
—5
•
Co
Co
Savoy
Schiff
.
\
Apr
1%
•
50
—
A $2 conv pref
Class
St
3
10c
10
*
•
1
•
•
Corp
Unexcelled Manufacturing Co
Union Gas of Canada
Union Investment comthon
United Aircraft Products
United Chemicals common
Realization
Ulen
St Lawrence Corp Ltd
1
3
Udylite Corp
15%
200
12 %
Jan
1%
5,400
%
Jan
35
2 3/4
153/4 May
pfd
& participating
cum
—
.
(D A)
Convertible
^——1
common
Electric $6
Scranton
Lace
Scranton
preferred
36%
38
550
22%
Jan
38
28%
100
25%
Jan
30%
23
23
10
17%
Jan
26
Apr
May
Jun
—
*
common
1%
28%
25
25
•
preferred...
Manufacturing—....
Scovill
1 Va
1%
38
1%
'/V
Brook Water Service—
$6 preferred....
•
Scullin Steel Co common
•
1st
May
11%
Apr
58
7%
Jan
13% May
1
11
11%
—
51
Jan
44
110
1,900
.
1st
3%
V
%
Jan
1% May
20,500
ft Jan
ft May
1
—
—
—*
Segal Lock & Hardware.
——1
Seiberling Rubber common——
•
Selby Shoe Co__
...•
Selected Industries Inc common..
1
Convertible stock
—_—5
33%
33%
1%
8%
1
8%
Feb
5
1%
1%,
8%
8%
Jun
34% May
Safety Control————
Serrick Corp class B
1%
Feb
9%
Jun
United
May
10%
1% May
United
17
Jan
10
May
600
51%
Jan
71
100
52%
Jan
70
Seton Leather common
%
•
Shattuck
cum
May
Co
5
Profit
preferred....
Shoe
common
Jan
2%
Jan
4%
Jun
7
Jun
Preferred
...—
46%
46%
46%
4
Corp.—
—
Manufacturing common
South Coast Corp common
Southwest
Southern
6%
89%
500
83
Jan
92%
Apr
30
preferred B—
preferred series C
.
Southern
3%
Apr
Jan
123/4 May
13% Mar
Jan
175%
Jan
500
104%
60
3
116
3
3%
1,600
4
3% Mar
96
2
Jan
4%
5,700
2%
Jan
4% May
1,400
1%
Jan
6
Jun
33/4
200
2%
Feb
4
May
100
37%
Jan
48
40%
60
31%
700
29%
100
28%
Feb
1%
1%
400
3/4
Jan
—
Sterchi Bros Stores
115
•-
Rubber
•
1st
—50
2d
29%
2
Jun
May
Mar
121%
Jun
Apr
5%
Wall
United
Class
Co common
see
page
1—1
8%
200
7%
Jan
1,300
63/a
Jan
Jan
4
,
Jan
28
Feb
27%
50
23
8%
—
—
1%
Jun
Jan
30%
•
Jun
Jan
250
-
1%
1%
Jan
3% Jun
>
2% Feb
1%
4,200
3
18%
18
18
3
Apr
13
Apr
1
-.y-
Feb
Feb
15
common
'
Universal Products Co
2%
2%
58
425
'\%
"2
723/4
73
225
66
Jan
20% May
Jan
453/4
Feb
500
7
Jan
2
Radio Products
10c
Utility. Equities common
$5.50 priority stock
...
Mar
Jan
2%
'
4,100
57
58
May
143/4
'
»m mm
Jun
2 3/4
193/4 May
203/4 May
Jan
43%
...
"
7%
9% Jan
1,000
Insurance
Utah
Jan
Feb
11
4%
—
ft May
ft Jan
2,900
%
ft
2%
2%
....
Pictures
1%
1%
26%
28%
3/8
49
3
May
63% May
4% Jun
;
2% May
Jan
Jan
75
5
27%
1
Petroleum.—
3/4 Jan
375
7%
4,600
1
Valspar Corp common
$4 convertible preferred
Venezuelan
Vogt
7%
7
1,800
Jun
4%
7%
Mar
30
7% May
Jan
Jan
44
«
1% May
Jan
18
..100
Manufacturing—.'—
9
71
May
93/4 May
Jan
Apr
W
10% May
Waco
3%
33/4
3/4
5%
18
2%
1,600
%
400
5%
400
18 j
;
2%
400
15%
15%
16%
17
,v
Jun
Jan
2
Apr
Walker
% Jan
1
May
Wayne
2%
Jan
Jan
1%
.
Jan
13
Jan
12%
2,000
25
4%
12%
100
111% 111%
Jan
■
200
2%
Jan
110
Jan
Jan
10,700
ft
A
40%
8 3/4
16%
Jan
9
6%
Jan
8*2-
%
6,800
1%
1%
300
May
2% Mar
16%
Apr
17%
Jun
112% Mar
1%
1%
4,700
Jan
3%
Jan
5%
Feb
10
86%
Apr
.-mam*
Jan
A Jan
86%
86%
100
7%
Feb
9%
Jun
Apr
1%
Jun
8
Apr
90
.
Apr
'
Waltt & Bond class A
CJlglSS B--
'L-
Mining
]--
r-
IT.
•
[|
iir
1
.111
...
-uj'
■
•
~1%
Co
1%
100
%
%
.1
%
400
ft Jan
3
Knitting Mills.
ft May
14% May
11%
23/a
—
Jan
Jan
4
Mar
98%
5
Jan
106
May
'
Wentworth Manufacturing
.1.25
—
Utility $6 preferred
West Va Coal St Coke..
West
Western
33/4
5
Air Lines Inc—
1
;
7
33/4 '
3,600
5
5 %- i
1,500
8%
93/4
1,400
3%
■
•
Texas
■
.
'5
6%
9%
Apr
4
5%
Western Grocer Co——.———20
Jan
Jan
9 i
v-
Apr
11% May
Jan.
95
,
10 % May
A May
ft May
43
Apr
9% Mar
% May
ft Feb
1%
preferred
7%
6% May
18
Jan
350
800
423/4
% May
3/4 May
5% Mar
200
4
4
•
Aircraft Co
Apr
—
42
80%
725
30% 7
30
1% May
Jan
May
—
-
9
—-
43/e
4 3/4
600
Jan
2%
23/b May
1% Jun
12 %
Jun
Jan
43/4 May
Feb
35
—
1
7%
10%
3%
10%
11%
900
6%
3%
4
x38% Mar
Jan
83/4 Mar
1%
100
63/a
6%
275
6%
1
Jan
1%
900
1%
1
—•
2333.
'
•
/■;v ;rv
B
Universal
%
2%
15%
16%
111%
%
Jan
28
1,100
1
.
Universal Corp voting trust ctfs
Va
5%
Jun
%
Wagner Baking voting trust ctfs ext..*
_.
Apr
Jun
9
60
80%
X78%
50c
—_———..2
10
Paper
Universal Cooler class A
3/b
3%
5%
6%
Jan
6,300
>—
—
—
30%
Jan
Jan
7%
Feb
10%
.20
(J B)
5%
4
800
Western Maryland
Ry 7% 1st pfd. .100
*.
Stationery corn-
91
91
17%
17%
67
30
May
143/4 Jan
18
Mar
Westmoreland Coal.——
II20
22% Feb
26
May
Westmoreland Inc.
..10
13
Western Tablet &
—
Weyenberg Shoe Mfg..
Wichita River Oil Corp..
Williams (R C) St Co..
~93/4
100
"93/4
Feb
5%
100
..10
Jan
5%
—1
Jan
15% May
..
.
'.
—
■
97/s
Jun
7% May
Jun
7% Mar
9
1% Jan
.
—
4% Mar
•
...
5%
For footnotes
Mm
•
Reclaiming
United Stores common
Oil-O-Matic
Williams
Willson
Jan
Ik Jan
2%
Jan
12% May
4
Jun
1% May
7
.
May
Heating—..
Products Inc
9,
—1
.
Wisconsin Power & Light 1%
4
Stetson
Jan
Jun
43% May
31% May
8%
27%
1
„
Jan
32
1%
—1
6%
preferred—
preferredSterling Aluminum Products.—
Sterling Brewers Inc..—
Sterling Inc
43
72% May
463A Mar
Jun
9%
trust ctfs—1
& Co common
S
Virginia Public Service 7% pfd.
8V2
1
—
(A)
Jan
49%
5%
Standard Silver Lead————1
Steel Co of Canada
Jun
—
—
Jun
110
200
5y4
x783/4
Utah Power & Light $7 preferred...—
1,000
3%
29%
——*
Stein
Jun
5%
30%
—
-
Mar
4
293/4
4%
Jan
3%
Utah-Idaho Sugar—
28% Mar
————•
Starrett (The) Corp voting
U
4% Mar
40
Jun
Feb
63
53/4
~'m
1
S Radiator common——
Jan
40
2.78
1
Convertible preferred.!
—10
Standard Dredging Corp common
..l
$1.60 convertible preferred——20
Standard Oil (Ky)„
—.—
10
Standard Oil (Ohio)—5% pfd
—100
Standard Power & Light
—1
Standard Tube class B
5
104%
33/8
3%
—•
•
;
Jan
48
——
Products Co
Apr
'
Phosphate Co—
1—-.10
Southern Pipe Line.
10
Southland Royalty Co
5
Spalding (AG) St Bros
———1
1st preferred—
J*
Spanish & General Corp—
Amer dep rets crd bearer—
Amer dep rets ord regis
Standard
2% Mar
241
5%
?
Jun
3/4
2%
1st
2%
Southern
Preferred
May
3%
preferred
—100
Southern New England Telephone
100
Spencer Shoe Corp—
Stahl-Meyer Inc
—
Standard Brewing Co
Standard Cap & Seal common
22
5%
7%
Common class B.
$5
Universal
3%
104
May
255
Jan
Feb
111%
80
)4
Power class A—25
Colorado
232
Feb
675
-
"53/4
V •
5%
U
1
—25
25
.25
5%%
.
•
53/4
5
Jun
—10
Pa Pipe Line
California Edison—
original preferred
7 ' '
3%
—1
S
Apr
227
-
25
Oil..
5%
mm
—1
Specialties common..
Foil Co class B
Graphite common
...
U S and International Securities...
U
16%
21% May
1
1
1
Sonotone
South Penn
<
4
ft
Universal Consolidated Oil
—
Soss
United
Jan
10% Mar
preferred
•
Simplicity Pattern common—,
...I
Singer Manufacturing Co—.—....100
Singer Manufacturing Co Ltd—
Amer dep rets ord regis
——£1
Sioux City Gas & Elec 1% pfd
100
Solar Aircraft Co.
:
1
Solar Manufacturing Co.——
1
May
2,100
71%
14
convertible
90
•
2%
70
900
Simmons-Boa rdman Publications—
$3
'i
71
1,400
•
common
ml
25
Machinery
115% 115%
__
-%
%
%
10
25
—-—
3%
<88%
Feb
250
100
....—25c
Sharing
16 %
16
Apr
3% Mar
preferred with warrants
.•
U S Plywood $1.50 conv preferred—20
—•
Sherwin-Williams of Canada
Silex
100
% May
ft Jan
12%
—100
pfd series AAA
67/B
3Vb
3V4
16
89%
Shawinigan Water St Power——
•
Sherwin-Williams common...—...—25
5%
300
33/4 Mar
5
Mining—
Denn
%
—
37
May
70
66
6%
1
1
Jun
Feb
80
Amer
U S
Sentry
50
•
Jan
67%
—
Jun
Jan
•
Jan
3
li May
%
21%
participating preferred-
3/8
Jan
Jun
122% May
!3 May
Jan
% Jan
% Jan
13,100
May
4%
United Molasses Co Ltd—
4%
%
9,000
8,200
ft
50
16
Jan
ft
United Milk Products———
.4,700
66
70
Allotment certificates.—
2%
dep rets ord regis
United N J RR & Canal Co
3,200
1,150
115
4,900
li
ft
45
Jan
% Jan
1,450
.
%
P
%
48%
/ ""
50,700
29%
12,000
1%
7%
2.9%
100
13% Mar
—25
$5.50 prior stock—
33%
P
—..—•
preferred
4%
ft
10
!-
—
•
1213/a 1213/4
%
•
*
B
Jan
20,800
v':-
121%
Jun
57y8
%
1
32
37/e
14% May
16%
May
$3
Securities Corp General
Seeman Bros Inc
class
Commun
$6
50%
preferred non-voting
$7
Option warrants
United Light & Power common A
Scranton Spring
..
1
•
Jan
Jan
%
1%
*
—
6%
12
1" '''
—
aa
United Gas Corp common
4% May
7% Jun
57% Jan
2,700
■7
'-mm*
..
—
United Elastic Corp..
11%
n%
'w-.
■
_..
.
*
Schulte
3% May
3% May
...
10c
Stores
warrants
4
;
Wolverine
Woodley
pfd. .100
Portland Cement....—. -10
Petroleum..
(F W> Ltd—
deposit receipts
;
1
108:
108
20
Jan
12
May
108
Jun
108
Jun
3%
..
~6%
1%
200
4
Feb
4% Mar
Jan
7
May
Woolworth
American
Wright Hargreaves Ltd..
6% Jan
.5s
4
2%
3%
8,800
9% May
Jan
Apr
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
A
Number 4187
157
EXCHANGE
NEW YORK CURB
BONDS
York
New
Curb
Last
'"Interest
or
Low
American Gas St Electric
2%s
f
s
f
f
:'Z'
J-J
1970
J-J
110
109% 110
15
2016
M-S
102 %
101% 102%
77
1961
J-J
6s
Writing Paper 6s
Appalachian Elec Pow 3y4S^
1970
Appalachian Pow deb 6s
2024
J-J
Arkansas Pr
5s
1956
1953
J,
J-J
& Lt
Elec
SAssoclated Gas & Elec
\
J.
92%
F-A
A Debenture
1968
A-0
1977
Gas
Atlantic
without
5s
4Vas
126 y«
Ogden Gas 1st 5s
107%
109
Ohio
338
46%
72%
6s
14%
25%
Oklahoma Nat Gas 3%s B
13%
25%
Oklahoma Power St Water 5s
24%
182
13%
23 Vi
81
12%
25 Va
Pacific
Af-S
.
81%
20%
23%
19
14
25%
Park Lexington
82'A
15
72%
83
Penn Central Lt & Pwr 4 Vis
108
108
MS
Q-F
A-0
$104
_1968
Af-S
105
Edison
River
1970
5s
Northern
Central
El
111
j A Central
A5 %S
Elec
States
32
Portland
116
Potomac
119
4Vis
104
103%
106
101%
103%
105
MS
35Mi
34
—1953
J-J
Service
Cities
A-O
1966
M-S
J-D
5s
5s
1958
A-O
5s
1969
Af-S
5%s
1952
M-N
A
1949
1951
Conv
Service
Cities
5%s
P
L
&
—
Connecticut
Lt &
Consol
El
Gas
series
3V|S
7s
Pr
Edison
Lt
1
100
56
1st
ref mtge 23/4S ser Q—i
Consolidated
P
ser
57%
45%
San
1952
J-D
1951
1967
A-0
A-0
.1970
A-0
Real
1944
103%
Scullin Steel lnc mtge
104%
Shawinigan Water & Pwr 4%s
89
98
95
84%
339
1st
;
4Vis
Sheridan
3%s
Wyoming Coal
93%
94%
74
85
95
Southern
California
98 Vi
37
Southern
Counties
Carolina
MS
94
2
i08ya
Southwestern Gas & Elec 3 Vis
104
Southwestern
121
123%
1st
2
>
1
79
.
101
58
89%
Af-S
106
106
Af-N
105%
105% 106%
M-S
Mtge Bank—
stamped
1961;
Florida Power Co 4s ser C
1966
96%
97%
F-A
—
'«* '•
Indiana
General
Coal 4s
§AGobel (Adolf) 4%s ser A
Grand Trunk West 4s
Great Nor Power 5s stpd
Green Mountain Pow 3%
Grocery Store Products
Guantanamo & West 6s
{AGuardian Investors 5s
5
123 Va
124
97%
104
106
103'-
106%
98%
77%
Af-S
J-J
98%
J-D
Af-N
$23%
:
—
Power
3%s
1967
1st 6s ser A
1953
1st 81 ref 5 %s series B
1954
1st & ref 5s series C
1956
8 f deb 5Vas
May 1957
Indiana Hydro-Elec 5s
1958
Indiana
Service 5s
1950
1st lien & ref 5s
1963
AIndianapolis Gas 5s A
1952
Indianapolis P & L 3'As
1970
jlntemational Power Sec—
A-0
Pwr & Lt
A-0
series
(Dec
A7s
F-
Power
Interstate
6s
Debenture
Iowa
*
1941 coupon)
5s
(July
A 7s
coup)
coupon)
1941
(Aug
series
A7s
C
1.1941
E
series
4 Vis
6s
& Light
Power
Superpower
Altallan
1955
1955
1957
1957
1952
1952
1957
1952
1958
1965
&
Gas
1942
(stamped)
Vis
Lake Superior Dist Pow 3Vis
Louisiana Pow & Lt 5s
Power & Light 3
Texas
99%
Power
Water
of
-
4s
G
$98%
—
'
Toledo
78%
57
91
E
U
Valley RR
5s
Milwaukee Gas Light 4Vis
4Vis
Minnesota P & L
&
ref
5s
Suffolk Ltg 5s
1943
«ANational Public Service 5s ctfs—1978
Nebraska Power
4
Twin
Light
&
6s
series
Elec
New Eng
Gas
Conv
New
98%
101%
United
Light
$107% 108 5%
58
80%
81%
83
64%
82%
81%
80
81%
60
65
82 Va
F-A
81%
80
81%
44
65%
82 y*
1966
J-D
81%
80
81%
38
65%
82
F-A
81%
80
81%
110
65%
82
80
81%
38
64 Va
82
31
3lVa
16
24
1957
6s
Orleans
24%
5
110% 111%
'
81
F-A
A-O
—
$16
J-J
Vv-v'.
1946
Public
•
20
<
74
32
12%
•
108
M-N
J-J
—1950
2022
5s
109%
10
105%
11
107%
90%
109%
114
99
J-D
109
114
109%
13%
108%
108
F-A
J-J
1979
18%
$16%
J-J
99
109
1952
1949
4s
St Power
Co—
5
111
7
;
109%
•;
25
90%
45
6
25
108%
109%
115
90%
3
112% 112%
107%
100
109%
1952
A-0
1944
F-A
2022
Af-N
1954
MS
1951
3-D
J-D
A—
series
1st
Debenture
&
lien
gen
4%s
A
series
6s
107%
J-D
106 %
19
107
Wash
Ry & Elec 4s
J-D
105
105
105'A
106
Wash
Water
Af-S
101
111%
99%
19
94'A
106%
$105% 107%
102
101
102
109
67
96%
$117% 118%
116
102
117%
98%
101
98%
4
102%
98%
102%
30
19%
56
95%
96
98%
102%
Waldorf-Astoria Hotel—
104%
102
100% 101
90%
112%
Utah Power & Light Co—
98%
18
36
85
111%
-■
(Delaware)
21
V
89%
J-D
F-A
99%
108
;
A-O
93
A 5s
West
101
debs
income
Power
Electric
Penn
18%
4%
24
5s
1960
109%
109
110%
A-0
2030
108%
$109% 111%
$108
109
102%
108%
J-D
1964
$109'/8 112
$110
114
110
iis'a
F-A
3%s
$98
99
'
Af-N
■
2 !■'
102% 102%
J-J
89%
89
89%
F-A
89%
88%
89%
M-N
—
,
§1
112
115
29%
12
29
«.
29%
37
29%
5
16%
21
16%
stamped extended to 1959
fAYork
Rys Co
A Stamped 53
29
29
29
29
29
29
29%
J-J
85%
84
J.
85%
J-J
53%
52%
54%
J-J
6s
18%
105%
Af-S
40%
J-J
1
.
20
46
37
41
$82
83
63'A
82
3-D
91
92 %
75
95
1947
J-D
91%
92%
73%
95
29%
Foreign Governments & Municipalities
29%
747/8
85%
36
.
54%
7
104%
28
.
16%
•
$106% 109
;V
'>'
109%
$107
BONDS
108%
New
41
York
Curb
Friday
Interest
Exchange
Week Ended June 18
Week's Range
Last
Period
or
109%
107%
109
106%
106%
'-44. -4: /
113
108%
14
A
123 s
112%
Agricultural Mortgage Bank (Col)—
A 20-year
7s
April 1940
108%
>
109%
110%
20-year
Bogota
7s
__Jan 1947
Bank
Mortgage
Valley 7s
(see
ACauca
Danish
Bonds
Friday's
Sale Price Bid & Asked
Low
•*
64
122
■
108 %
109
46
__
124
$111% 113%
J-J
J-D
17
22
$123
M-S
A-0
64
108% 109
—
98
F-A
1937
5s stpd
29%
17%
61
v.
-
105% 105%
62%
64
J-D
§85 %
29%
17
"
-
.
29
19
29
29
5s
Newspaper Union—
6s unstamped extended to 1959
,
105% 108%
—
Traction
Penn
Western
:90
29
29
—
80
5
/:•*..
West
103
V 90
29%
29
3-D
F-A
$108% 109
-
80%
7
112
112
A-0
101
34
•
97%
F-A
98
86%
A-0
High
$52
—
J-D
1955
M-N
1953
F-A
1952
5s
January 1
Low
No.
High
$52
J-J
1948
Range Since
Sold
.;§§{
—
of)
5%s
AExternal
98%
Af-S
$100% 102%
100%
102%
Af-N
$109
110
108
J-J
20 Va
$50%
48
V
52
—
9
52
14%
44%
1
52%
42
-
23%
52%
10
20%
52
52
Af-N
$111
112
109%
111%
100%
102%
6%s stamped
$12%
110%
$101% 102%
J-J
57
A-O
57
57
10
$108% 109%
Af-S
ALima
City
(Peru)
6%s stamped_1958
M-S
49
62%
AMaranho
AMedellin
7s
.
stamped
Alssue of May
A Issue of Oct
1958
1951
Mortgage Bank of Bogota 7s
15
106
106
T
103%
106%
107
107
2
106%
109
AMortgage Bank of Chile 6s__
106% 107
13
103%
107%
110% 111%
3
110%
*■
101% 101%
10
".
•
•§.*.'
-J)
$22
F-A
25%
J-D
108% 109 %
M-S
117
A-O
J-J
M-S
101%
98
12%
33
117
101% 102
107%
3
56
114
97%
$113 VA 118%
66
67 %
63
—/
66
67%
25
66
67%
157
66%
26
J-D
$23%
24
$36
3-D
7s
1958
M-S
6%s
1959
ARussian
Government
6%s—___1919
1—1921
A5%s
48%
—
.
'
•
.
48%
20%
45
497/a
22%
35
$33
35
18
1
"3
25
35%
17
30
25
24%
J-D
7
6%
7%
124
2%
9%
J-J
7%
6%
7%
44
2%
9%
J-J
117%
114%
49%
67%
67%
Af-N
M-N
1
107%
1948
A-0
92%
91%
92%
135
76%
92%
J-D
94%
93%
94%
92
82%
94%
Nov 1949
J-D
104%
104% 105%
15
102%
50
Janeiro
24%
36%
102
1961
108 7A 1087/8
(State)
de
35
16%
32
25
$17
J-D
Mortgage Bank of Denmark 5s
A Rio
20%
•-
32
—
$36
A-0
1927
1931
1972
110%
50%
'
11%
20
30
1
102
112%
66%
•
-
•
$28
M-N
113
F-A
•'
_—1947
19-27
J-D
106%
"3:
19%
M-N
7s
J-D
J-J
20
i \i ;
105% 108%
Af-N
19%
—
•:
67%
109
Service—
104
t._
A-0
/
1960
5s
1959
91
__
1954
6s series A
96%
"62
—
& cons 5%s
1st lien
United Lt St Rys
1950
5s—
England Power 3 Vis
England Power Assn 5s
AIncome
72
108 VA
81%
1968
J
107%
1947
Debenture 5Vis
New
106%
A-0
A-0
5%s-1952
United Light St Railways (Maine) —
88
19%
541
N
Electric
106%
1948
5s
5s
Gas & El Assn 5s—.
deb
52%
2
5s
108%
3-D
New
40
~9
City Rapid Transit 5%s
United
44
—
,
99"%
1956
A
Amsterdam
67%
73%
3%s
Edison
111
78
4
•
25%
—1981
2022
4Vis
Nevada-California
New
105
65
67
•v
101%
1950
Service
106
Af-S
1957
1951
Mississippi P & L 5s
Mississippi River Pow 1st 5s
Nassau &
108%
103
105 %
73
AParana
1st
106%
98%
1087/a
—
98
98
■
108
J-D
1948
1947
1971
1965
1943
1943
1967
1978
,—1955
Middle States Petrol 6Vis
AMidland
1051/a
4
Danzig Port & Waterways—
stamped
series
10?%
$104
'
F-A
deposit—
Power
Extended
6s
106 Va
71
105
101
A—
series
6s
98%
McCord Radiator St Mfg—
Mengel Co conv 4Vis
Metropolitan Edison 4s
103%
105%
1081/4 1081/4
J-J
F-A
—1946
107
1966
2022
1969
1960
1957
Electric 6s
Kansas Gas &
Kansas
105
$106% 108
93
1957
Light
107%
1965
Jersey Cent Pow & Lt 3 Vis
Kansas Electric Power 3 Vis
103 Va
$104iA 104%
105'A
'
A Jacksonville
104%
73%
stamped
Electric
Texas
104%
90%
8
98%
111%
111
J-D
A6%s
104%
1001/2
93
Af-S
(Hugo) Industries—
7-4s 2nd stamped
6s
A-0
A7s
97
93%
12
78
58
58
A-O
A6Vis
100%
12
91%
M-N
Dec 1
Certificates
98%
94%
$87
■
—.■
J-J
1960
111
85%
28
104% 104%
Stiiines
107%
59
101
101
J-D
Jan 1949
Idaho
27
104% 104%
106 Vs
91%
2
109%
$109
F-A
1945
1958
—1948
——
93
104%
'
Jan 1949
series B
6s
105
104%
33
98%
97
97
M-S
1941
Hygrade Food 6s ser A
20:
74
v
131
—
1989
Corp inc 5s
3d
7-4s
4
38
99%
114
131
129%
$60
(Hugo) Corp—,
Stinnes
Tide
1950
1950
1963
3%s
Houston Lt Si Pwr
52
51
104% 104'/a
99%
108%
1-951
Power
AStarreit
12
98%
79 ;
4
2022
8s
debentures
Standard
17
107
J-D
1965
*
107
18
Electric—
&
6s
gold
O
1970
6s
6s
99
104% 105% : "
98
;
J-J
1978
Alden
Glen
A-0
3953
Georgia Power & Light 5s
107
J-J
1969
A
/ 90
89%
—May 1948
May 1948
L
&
P
Gas
Debenture
90
79
—
105
J-D
1954
Power 3%s
Pub Serv 5s
Rys 4s
(stamped)
Conv 6s stamped
85
87%
106
$52
M-S
6s-5s
Gatineau
1971
1951
6s
103%
126
98
123% 123%
•••'
154
(Calif)—
Gas
mtge 3s
Standard
95 %
82%
'
103
88
88%
106
138%
109%
110%
,
'4154
: 82
Af-S
103%
22
89%
A-0
98%
Finland Residential
Florida Pow St Lt 5s
1970
101%
ijo'
82
V
1954
Empire District El 5s
Federal Water Service 5%s
3Vis
Gas
120%
,
103
82
;■*
12
$128
M-S
105 7/8
95%
91%
77
106%
110% 110%
J-J
J-J
1965
109%
$108% 109%
•
3s
Edison
8b
1
109% 109%
1952
5s
Elmira Water Lt & RR 5s
& Light
Power
Electric
1947
1957
6s
5s
Power
119
—
—1956
2030
1956
Eastern Gas St Fuel 4s ser A
3s
D
series
Debenture
Packing
Cudahy
6s
103
California
3-D
1955
Cuban Tobacco 5s
6s B
Estate
South
95%
91 %
109%
148 % 149'A
Af-S
1951
Joaquin Lt & Pwr
Southern
I
112
2
89%
;4 94%
F-A
112
111
105% 106
148%
110%
Spalding (A G) deb 5s
*•
109
M-N
100%
122% 122%
$90%
J-D
J-D
100%
110%
Jersey—
1
$103% 104%
106%
97%
112
Af-S
•
A-0
Southern
-1958
Continental Gas & El 5s__—
1959
112
J-D
94%
122%
105
$111% 114
1979
94
A-0
A-0
115
99% 100
1952
83%
J-J
M-N
109 VA
109'A
111
108%"
$107
100
A
series
84%
■
108
107%
113% 114
Harbor Water 4Vis
14
J-D
15
108
$108
114
Af-S
-
1964
1949
New
24
96 %
F-A
certificates.;
perpetual
Safe
(Bait City)—
Gas
mtge 4%s
Gen
of
Service
'108
J-D
J-J
37
of Colorado—
94
$119
4
1956
4Vis B
(Can)
Corp
94%
97 y*
106%
J-J
3
■
105
1961
93 %
J-D
1954
ref
mtge 3s
95
106'A
1950
E
5s
93%
AI-N
1971
1969
1970
N
1st
107%
12
1962
mtge 3Vis
5Vis
100%
(Bait)—
St Pr
105 %
105
30%
105%
:
F__
93 Vi
J-D
,
104%
102%
39
105
39
98
94Vi
94%
deb
Debenture
101%
Queens Borough Gas St Electric—
39
13
55%
98
98
Debenture
101%
10
Af-N;
99%
144
$102
103%
104% 104%
A-O
1950
Jan
5s
109
100%
105%
6s
Sinking fund deb 4s
107 Va
13
100
54%
54 Vi
85%
56
36 Vi
100
F-A
1955
110%
106%
Co—
extended
series
Public
105%
33
98%
107%
1948
1954
1952
109%
—
M-N
v>
•
1972
5Vis
Power
Coke
&
Public Service Co
103%
98
'
Gas
stamped
1st
$34
J-J
1977
Rapid Transit
9
34% "36%
B
series
1964
1979
ASchulte
6s
1st mtge 3s
127 Vi
6
35%
Cincinnati St Ry S'/aS A
iuy%
107
1
103% 104
1970
Power
$107
98
M-N
1927
106
107%
9
110% 110%
107% 107 V*
F-A
Elec
102%
6
106
J.J
5s
110%
1955
.
Philadelphia
114%
105%
J-D
Rys 5s ctfs
§ A Chicago
5s
5s
117 Va
1964
States P ft L 5%s_.
Central
Light
Pennsylvania Water & Power 3%s_1964
102% 103%
M-S
J-1953
Power
Gas 3%s
&
&
Power
6%
Canada
105%
24
$101% 102
100%
104% 105
103 V4
J-D
1954
2%si
Power
109%
105%
F-A
108%
1st
$150
1962
—
6
A-0
108%
93
115% 115%
1998
Broad
F-A
99%
112% 120%
115
Bickford's Inc
Birmingham Electric 4%s
105% 106
1948
108%
.
Bethlehem Steel 6s
G%s
82%
107
$106% 107
Aug 1955
106%
108
1101%
$118% 118%
Boston
4s
107
1107% 109
J-J
JW-N
—
8
115%
54%
25%
Public Service
5s
B
C
107'A
107
30
108% 108%
A-0
A-0
1962
2
J-D
series
5s
—
1971
150
1960
M
series
■'
-
82%
112
105
115%
■
107
-
1968
24%
1957
1st
3 Vis
mtge
22
Telephone of Canada—
5s
High
111
2
■
81
—
Af-N
1945
3s
3%s
warrants
Convertible
1st
mtge
1st
Baldwin Locomotive Works—
Bell
Power
72%
P.)—
(B.
& Sons
Avery
124%
15
Philadelphia
City Eiec 3 Vis
Light
J-D
1950
Atlanta
M-S
1947
5%s A
F-A
J-J
-
Low
111%
"
F-A
1955
1955
1964
5%s
-1—1969
80%
21
deb
J-J
21%
1950
AConv
1948
January *
No.
106% 106%
$115%
1954
5%s
20%
AConv deb 5s
$111
-
'
;
1st 3%s series A
Ohio
5s
5s
Utility
20 Vi
20 Vi
-
J-J
22
M-9
<
Af-N
2004
Range Since
Sold
High
108%
106%
•5
1964
4s
Bonds
Northern Ind Public Service—
93%
88%
Cont'l
Nor
3%s
Elec & Gas
Westchester Ltg
&
Debenture
110%
•"? 105%
Co—
4%s
Assoc T & T deb
•
Y
68%
70%
J-J
4%$
deb
96
N
107%
107%
..■V'V
108% 108%
108%
1949
deb
AConv
v
124% 127
pV.'*.'
Week's Range
or Friday's
Last
Sale Price Bid & Asked
Period
Low
104%
105
7
93%
108 % 108%
3-D
1948
AConv
2
107% 107%
'
,
93%
A-0
4Vas
'
'
•
Friday
Interest
Exchange ,r
Ended June 18
High
103%
10
103% 104
___1960
deb
Lt
Amer
Associated
Low
Curb
York
Week
N Y State
debs
&
No.
High
J-J
deos
Pow
January 1
1950
'
s
3%s
New
Range Since
Sold
Co.—
debs
s
3%s
Amer
Bonds
Friday's
Sale Price Bid & Asked
Period
18
BONDS
Week's Range
Friday
.
Exchange
Week Ended June
2333
•No
r
par
Cash sale,
-
value,
x
a
Deferred delivery sale,
d Ex-interest,
e Odd-lot sale,
§ Reported in
receivership.
Under-the-iule sale,
,
consolidated; "cum," cumula'v t
106
n
Ex-dividend.
$Friday's bid and asked prices; no sales being transacted during current week.
A Bonds being traded flat.
c," voting trust
certificates;
THE COMMERCIAL & FINANCIAL CHRONICLE
2334
Monday, June 21, 1943
OTHER STOCK EXCHANGES
Baltimore Stock Exchange
Last
Sale
I'"..
Price]
Low
1814
——*
.
Shares
of Prices
Par
Arundel Corporation
Sales
for Week
Week's
Range
Friday
STOCKS
Chicago Stock Exchange
June 12
inclusive, compiled from official sales lists
to June J8 both
12
June
18'A
Range Since
January 1
Jan
16
1st
2.35
._100
preferred v t c~
,
10 "A
2.00 2.35
10
10%
322
855
Abbott Laboratories
Co
57% Jan
common
Jun
Adams Oil & Gas
Jan
Advanced
Co
5
Castings
60
61%
Ball Bearing common
Allied Laboratories common
62% May
62
52%
10%
400
4%
'
135% 135'A
41
.41
—
9%
„
49
3
9%
131
125
Mar
35% Jan
9%
136
,
41
Jun
,
Armour
&
Co
102%
25%
—*
Mt Vernon-Woodbury Mills com
100
Preferred
——_100
Merchants & Miners Trans
—
26
27
OiL of Texas 6% pfd vtc—-25
27
4.00
104
4.00
27
1.80 Jan
77
Jan
35c
80
—.
81
200
15
50c
—;
50c
900
v <
27
22% Jan
100
.
Jun'
'''
•'
.
May
4.00
Automatic
Jun
84 /
—
Jun
Jan
13% Mar
Jan
17
Apr
38%
305
25%
Jani
38%
Jun
102%
70
90%
Jan
103% May
128%
Jan
156%
Jun
6
Apr
Jun
152% 156%
common-10
Comm'l
50
preferred series A x-w
5%
5'A
__
53A
51
24
26
323A
-
356
34%
4%
5%
Jan
National Bank—*——
Western
343A
50
Fidelity & Guar—
20
33
—
4
965
Jun
26
Manufacturing
Bendix
Jun
34%
Mar
21
33
150
29% Jan
Jun
34
Jan
31
Radio
1975
—1975
62ya
1975
102%
5s series B
52%
56
$8,500
61 %
64%
34,000
102% 102%
9,000
—
Berghoff
common
—
1945
85%
„
85'A
1,000
May
Bruce Co
Jun
Bunte
Jun
Burd
102%
Jan
85'A
Jun.
Corp
common
/;■ /_ par
American
Sugar Refining
American
Tel
.——*
Anaconda Copper
152%
7%
Shares
LOW
129
17%
127 %
Jan
Ring
4%
7%
16
27%
707
Jun
&
Co
(AM)
110%
51
Pub
Illinois
Secur
&
Serv
S6
pfd
Bird
11%
12%
427
94%
Inc.—————>
& Son
Boston & Albany
RR
—
96%
260
29%
29
30
100
67%
66%
67%
18%
18%
19%
Edison
Boston
Boston Elevated Ry.
'•
Boston Herald Traveler Corp—
Boston &
Jan
9
112
Jan
12%
stamped
4%
pfd
common
prior preferred—
5% class A 1st preferred
—-
-—100
28
.
29
101
Jan
31
216
62%
Jan
325
14
Jan
68'A May
19% Jun
May
May
Jan
5%
Apr
8%
Jan
32 %
Apr
2
Jan
8
1%
Jan
8% May
Dayton
Decker
30
6%
7
100
stpd—100
stmpd-:_100
class D 1st pfd stamped—.--100
—
—
Jun
8%
class B
1st preferred
7%
7%
171
1%
Jan
class C 1st preferred
6%
6%
15
2%
Jan
8 %
Biscuit
Rubber
(Alf)
7%
100
2%
Jan
8 %
Apr
Diamond
15%
301
11%
Jan
15%
Jun
Dixie
5
7%
7%
100
6%
Jan
9%
——„L—10
14%
15%
153
3%
Jan
17%
Jun
6%
6%
38
4%
Jan
i15% ?
—
—
_
——*
Co——
prior preferred.—
preferred
—
Co
35%
preferred
36
6%
109% 109%
1st preferred series A--——100
40%-
class B———100
40%
42
Jan
59
Apr
Four-Wheel
19%
Jan
37%
Jun
Fox
2%
Jan
Jun
Fuller
60
25
98
Jan
25
25
common
6
Jan
16%
17
610
10
10
10%
280
8
32
31%
32%
477
Group AssociationPublic Service —---
6%
6%
245
2%
Jan
38%
39%
232
31%
Jan
——
•
Jan
•
—100
5% preferred adjustment
Eastern SS Lines
Inc.,
1,675
56%
35%
Ry common—100
6%
7
110
—
37%
—*
General Electric
Gillette Safety Razor
8%
38%
A—-*
Class B
——-—•--4"'
$7 convertible preferred—
-*
8
8%
5
Co——*
Hathaway Bakeries class
5
85c
——
55
Button Hole Mach Co.10
8%
:VK 8%
1%
Royale Copper—————
Jun
15
12%
50
11%
Jan
Feb
21
50
3%
Jan
5%
Jan
9%
Jun
20% Jan
25%
Jun
50
4%
16% Mar
May
4%
9%
9%
25%
50
17%
200
15%
Feb
19%
160
69 'A
Jan
83
400
A
Jan
17
77%
77%
\i
106%
1,979:
79
%
78
i
2,600
104% 106%
46%
7%
92%
8%
1% May
Jun
106%
Jan
26
100
Feb
Mar
ill Mar
A Jan
20
47
Jun
Jan
49% May
500
3%
50
17%
Jan
19
100
9%
Jan
11% May
2
Jan
4% Mar
9% May
Apr
17%
17%
10%
11
3%
4
14.050
42%
43
150
38%
Jan
44%
Apr
79
v;
79
50
65%
Jan
82
Jun
77%
80%
167
67%
Jan
82%
4
■
79
.
Mar
14%
23%
15%
1,400
3%
Jan
18
23%
24%
5,102
21'A
Jan
24%
5%
350
2%
Jan,
5
15
15
Jun
May
Jan
5% May
15
16%
70
10%
Jan
3%
3%
110
2%
Feb
3% Mar
2%
~2%
2%
10
1%
Jan
2% May
22%
110
50
22%
110
16%
105
10
855
14%
20
250
10%
92%
94
200
23
23
200
18%
19
100
20%
Jun
83
Jan
96 %
17
Feb
23
Apr
Jun
11%
•
Jun
Jan
Jan
19
Jun
5
Apr
;: 4%
4%
,500
2%
Jan
40%
305
26%
Jan
common—2
14%
14%
__—*
14%
14%
12%
12%
May
22%
38%
4%
*
110
Apr
Jan
19%
93
21%
Apr
23% May
Jan
20
10
—
Car
—
*.:/,:
40%
Jun
»
Copper
30
—
———
■
Jun
General
Amer
Apr
General Finance Corp common
Preferred
Apr
-General
7% May
39%
7.;7
1.00
58
976
73
181
300
185
30%
Jan
38%
—•
common—
Theatres
Boston
5%
__
25
—
10-
Foods
Jun
Motors
General
Jun
Outdoor
Adv
common——*
100
37
37%
•5%
X5%
15%
16%
250
47%
47%
Goldblatt Bros Inc
Jun
1.00 May
58
Jun
Lakes Dr
Dk
&
com—
Hall
1%
Feb
28%
Apr
Inc.,
16%
—
16%
15
Feb
3
14%
Jan
6
16%
Jan
51%" Jun
2
Jan
6%
Jari
34%
Jan
42%
44%
Jan
55%
185
54%
1,000
Jun
5
8% May
Jun
Jun
6
;60
3% Feb
6
Jun
8
8%
225
4%
Jan
9
May
5%
5%
100
4%
Jan
6% May
37%
,
38%
174
25
13%
13%
500
10
Jan
13%
Jun
19
19%
800
17%
Jan
21
Apr
17%
19%
17%
42
12%
Jan
17%
Jun
10%
Jan
39
:
Jun
9
8%
——
7%
Jan
8%
300
6
Jan
9
May
8%
——
9
8%
-
8%
150
7% Jan
9
May
36
Jun
50
Apr
33
36
260
25
Jan
*
12%
13%
200
11%
Feb
13% May
—-
•
15%
15%
180
10
Jan
16%
1
2%
700
—
class
37%
—
common
Houdaille-Hershey
10
550
6
Hibbard Spencer Bartlett common—_25
35%
75c
890
Jun
16% Mar
550
53%
53%
Motor Parts.—3
Jan
550
5%
Jan
14
8
42%
•;
10
10
1
Printing Co common——
Harnischfeger Corp common—:
Heileman Brewing capital—
Mar
1%
31%
12% May
27%? Jun
3% Jan
4
41%
■
•
Hein Werner
Jan
450
—--A
'
*
Jun
5
41% Mar
15
Jan
Mar
6%
1,550
7%
*
:
8%
100
17% May
3%
-
*
1
common
Goodyear Tire & Rubber common
Gossard Co (H W) common—
Jan
30%
33% Feb
1,350
15%
Jun
Jun
Jan
6%
350
5%
*
12
27,%
7
Feb
23
150
-
10%
27
.—*
Great
37
Apr
3% Jan
4,000
11%
10
Corp common
Gillette Safety Razor common
9% May
8%
6
*
common-——
5
Feb
13%
250
_1
;
4% Jan
15c
Jan
15%
Transport common—5
—
2%
Feb
Jun
10
27%
common———*
Co
B
Hupp Motor Car common
(Del)
Corp
1
16% May
14%
30%
'
'
5
Mfg Co common———
Denver
18
34 %
—*
common
Jan
Jan
150
7
9
10
15
——10
-
Auto.
Brewing
25
100
V.
30%
-15
-1
Gardner
Jun
11
8% May
27% Jan
6%
Util Corp ———5
common
Drive
(Peter)
Horders
Loews
Jan
12
250
12
16%
4%
30
100
2%
com—.1
common
General
Lamson
Jun
3 % Mar
Feb
44'A
.
Kennecott
-
20
'
1
•
First National Stores
Isle
Jan
25%
25
common
Fairbanks Morse
6%
International
1%
1
/• Elgin National Watch Co—
7% May
138
56%
100
—100
.
-—
Mass Street
Employers
300
3
16
1G
& Cohn common—
Electric Household
Eastern Gas & Fuel Associates—
Engineers
35%
9%
-25
Manufacturing
Motor
T
Cup
Eversharp
6%
Jan
Apr
Range
Eastern
Apr
26%
43
Dodge Mfg Corp common
4%%
Jun
460
12
5
common
Deere, & Co common-.
7%
Calumet & Hecla
Copper
7%
35%
20
.^5
common—.—
Jun
15%
Boston Personal Prop Trust
Service
Apr
5%
Jan
Jan
4
150
Feb
9%
X33%
16
1
!_•
common.——
Edison
—
8% May
7%
Cities
4%
400
•
15%
39% Mar
Jan
34
17% Mar
*
5
—
Packing common--—
7% cumulative preferred-.
Cunningham Drug Stores
2%
100
Stamped
10%
,
common
Cudahy
10
5%
Jan
377
7%
5
Jan
5%
20% May
Jan :
13%
Jan
3
Voting trust crtf pfd part shares—50
Common partic. shs. v t c cl A——50
Common pt sh v t c class B— —•—_ *
Container Corp of America common_20
Continental Steel preferred
—100
Jan
5%
— —
37%
16
200
;
13%
——*
Corp
Jun
81%
'
10U
7%
34%
*
Power & Light
Co
Burrell
560
4%
200
300
■;
9
100
*
Belt
;
50c
com.
preferred————
Crane Co common—
100
Jun
Consumers Co—
24
2,623
Jun
16%
1
Apr
RR—
Maine
Common
7
—
25
104
5
•
common—
South West Util
Consolidated
110
pfd—100
Bigelow-Sanford Carpet 6%
6%
2%
16%
10
common——
Illinois
Commonwealth
Apr
\'P. 7%
10
Cities Service Co.
8 % May
31%
24% Jan
-
■
30
Chicago Corp common..
Convertible
preferred——
Chicago Flexible Shaft common.,
Chrysler Corp common
Jun
Jan
7%
26%
—-—50
,
36%
_1
common
Brothers
cumul conv preferred——
Cherry
High
32%
156%
Jan
1,993
15%
8%
10
Preferred
Range Since January 1
30%
20
15%
__5
-
Chain
High
19%
——
—8
common
common—™
Piston
Prior lien
152% 156%
29%
100
Woolen
American
Low
100
Tel
&
of Prices
6% May
1
preferred
(E L)
Central
for Week
Sale Price
Jan
1
Central States
STOCKS—
3%
1,300
& Wire-
Bros,
5%
Sales
Range
2,915
36%
_
A
Jun
64%
Exchange
Week's
5%
5
Warner
Brown Fence
inclusive, compiled from official sales lists
Last
4%
1
Castle
Friday
—
5
Central
Boston Stock
1,600
% Jan
2% Jan
% Jan
1% Mar
100
2%
common
Central
June 13 to June 18 both
1%
6%
1%
-
*
Brewing Corp..
56
49
Mar
55
Mar
100% Feb
80
20%
6%
10
Sinks Mfg Co capital
Butler
Georgia Sou & Fla 5s—
Jan
*
Co
Corp.^
Aviation
Z Class
4s—
5S series A
Jan
10
20
1 %
—3
Bliss & Laughlin Inc common
'
—
Baltimore Transit Co
3
500
•
2
Common
'
Bonds—
5,350
'
Borg
U S
981
5%
5%
1
4
common
Blessing common
Belden
Belmont
Seaboard
Apr
11
12%
Apr
50c
Mar
Jun
May
6'A
Jan
200
19%
Aviation Corp (Delaware)
Bastian
-1
North Amer Oil Co———
Washer
11
;
23/ei
550
5%
common
Equipment Co common
Asbestos Mfg Co common
Athey Truss Wheel capital
28% Feb
Jan
6
%•■■■
13
100
Aro
Houston
52%
16%
37%
American
9% May
Jan
62 % Mar
Jan
16%
■
•
Chalmers Mfg Co—
Public Service preferred.:ioo
American Tel & Tel Co capital—..100
Jun
,
30 '
13
.—*
Allis
Fidelity & Deposit ——
20
Fidelity & Guar Fire Corp
10
Finance Co of Amer A common——5
Jan
41%
500
4%
■'
•
51%
250
10
!
10%
common.
Aluminum
High
Low
High
51%
5i%
Range Since January 1
Shares
62
-25
common
2.95
Low
*
Aetna
60
Power com.'
Consol. Gas Elec Light &
for Week
of Prices
Par
Mar
12%
1.00 Mar
9
Jan
90
Sale Price
High
19
Sales
Range
'
STOCKS—
Acme Steel
Baltimore Transit Co common vtc—•
Week's
Last
Low
420
compiled from official sales lists
Friday
7/777
High
18 %
18 both inclusive,
to June
36
■7'-' 2
2
i«
Jan
1%
Jan
Jun
2% May
Jun
Jun
Brick
Illinois
1
capital——
Co
Illinois Central RR common—
2%
10
—100
—
13%
—
*
3
14%
300
525
3% Mar
7% Jan
16% May
Jan
23% May
"
Maine Central
RR
100
common
5%
—».
5%
30
5% preferred
—
Mergenthaler Linotype _——
30
45
a
45%
100
2%
Jan
6%
Apr
70
12%
Jan
33
105
35%
Jan
48% May
May
Independent Pneumatic Tool v t c
Indiana Power & Light common.
Inland Steel Co capital..
Nash-Kelvinator
New
6%
1
Narragansett Racing Assn Inc.
-
-5
12%
100
England Tel & Tel
N Y N H & Hartford RR—
5%
14
101% 102%
100
-
5%
1%
58c
1%
1%
150
1,044
133
3%
Jan
6'A
Jan
86
299
Jan
A
Jan
58c
58C
200
24c
Jan
36c
North Butte Mining—
36C
20
15c
Jan
5%
Apr
International
14%
Jun
Interstate Power—
108% May
2% Mar
85c
Apr
$6
Iron
preferred
Fireman
(W
Jarvis
*
t c——.—-*
a
Mills
Pacific
25%
——
28%
Pennsylvania
RR
Reece Button
Hole Machine.—
Reece
25%
a
26%
94
27%
29%
X9% xlO
Folding Machine———
1%
~
1%
1.00 Mar
19
Jan
28% May
1,138
23%
Jan
32%
120
8%
Jan
10
100
1 %
May
Apr
Mar
1% May
Co
v
capital—
—1
*
Assn.
Webster Inc
Stone &
Suburban
Co
common.*
*"»•*>
Union Twist Drill
Fruit
United
„
-5
»
Co
preferred.—.—:— —25
U
cum
S
Rubber
83
5% Jan
59
1%
Jan
Feb
12%
Jun
10% May
3
Mar
34%
37
29%
Jan
72%
33
65
29'A
Apr
13%
13%
54
7%
Jan
60%
70
37
14
Feb
Jun
72%
127
Apr
72%
69%
71% "
826
63%
Jan
45%
45%
46
55
42%
Jan
40%
42%
176
25% Jan
72% May
Apr
43% Jun
30C
200
23c
48c
28c
—
Jan
Waldorf
Warren
System Inc—
D i Co
a
(S
Westinghouse Electric & Mfgr—
11%
10%
11%
18
18
18
93%
95%
50
105
20
378
7% Jan
18
Jun
80% Jan
Jun
46
Apr
& Maine
11% May
18
Jun
97%
Jun
For footnotes
see
series Apage
\
2339.
1970
—
■
54%
54%
$4,000
40%
Jan
10
1
Jan
4%
Apr
6%
Jun
Jun
100
17%
Apr
18%
Apr
9%
Jan
15%
Jun
10%
10%
100
8%
Jan
4%
4%
400
3%
Jan
7%
/
7%
8
450
5%
Jan
48
20
41
Jan
30
96
Feb
5
Jan
48
48
101%
100
29
29
10
1%
7%
8%
23,050
.24% Mar
13%
8%
13%
170
9% Jan
1%
1%
450
50
11%
250
20%
70
14%
15%
945
25%
25%
45
—
4%
11%
X20%
45
4%
——
"
—
<*
common—~*.
Field
common-———
.H
56
Jun
•1
15%
.•of
McCord Rad & Mfg Co class A—.—r*o<
McQuay-Norris Mfg common—.—;
Merch & Manufacturers Sec—
Class
A
common—
l
——
5
3
•
•
—
—
5%
%
Jan
2%
Jan
7%
12% May
■■■■'
5
May
8%
Jun
48% May
101%
Jun
8%
Jun
29
Jun
16% Mar
1% May
4% May
Feb
11%
Jun
15% Jan
20%
Jun
10
Jan
15%
50
13'
Jan
27% May
50
37% Feb
45
Jun
Jun
12%
5%
900
1% Jan
6% May
4%
350
3% Feb
4% Mar
7%
8
5%
4%
l
Mickelberry's Food Prod common.
West Corp capital—
Midland United conv pfd
Middle
8%
3,250
4% Jan
9%
Apr
13%
3,000
8% Jan
13%
Jun
%
100
A Mar
12
%
%
% May
Midland Utilities—
6%
1%
Miller
RR—
mtge 4%%
71
1,600
'5
&
5
5%
300
1% Feb
7% May
5
100
——100
prior lien.
prior lien—
5%
100
2
Jan
7
2
2%
1,410
1
Jan.
2% May
8% Jan
11% May
5% Jun
May
Hart-
Common
Income
Jan
15%
■>
Lindsay Light & Chemical common5
——5
Common
BONDS—
Boston
57
18%
*
*
«
605
14%
7
————:.
Carbonic
71
17% May
18%
.7
Line Material Co* common
Marshall
32
——
10
Utah Metal & Tunnel
Common
73% Mar
Jan
35% May
71%
United Shoe Machinery Corp
6%
•
__
Drug Inc.—
9%
3
34%
-
——
9%
Jan
4'/8
'
preferred——8
cumulative
Llbby McNeill St Libby common
Printing $3.50 preferred.!.
Liquid
•
(The)
30
9
.
—
12%
2%
——
Electric Securities
Torrlngton
United
12%
—
63
~
Manufacturing Co common—1
Co common.
—1
*
50
6% preferred
———100
Lincoln
Shawmut
50
3%
Kellogg Switchboard common—
Kentucky Utilities jr cumul pfd
Co
450
3%
Katz Drug
Leath &
100
6%
•
Joy
Old Colony RR——
11% Jan
16%
69%
70
70%
——
Mfg
Co
;
.
\
—
B)
19
6%
16%
.
•
common
650
69%
V
*
Harvester
22%
'
Products common—-—1
Steel
Indiana
21%
X22
*
*
stock
v
t C—-—
—•
1__—
10
$1 prior preferred
Minneapolis Brewing Co
common——1
2%
10%
10%
5%
5%
150
300
4
Feb
1"
',V.S.
Volume
THE COMMERCIAL & FINANCIAL
Number 4187
157
CHRONICLE
2335
/
OTHER STOCK EXCHANGES
Week's
Friday
Last
%V;
Sales
Range
Sale Price
STOCKS—
Low
Par
Cleveland Stock Exchange
for Week
.
of Prices
Range Since January 1
Shares
Low
High
June 12
High
to June
18
both inclusive,
compiled from official sales lists
'
Jan
3%
3%
3%
400
%
Jan
3% May
common....*
45%
45%
46 y4
862
33%
Jan
48 %
Jun
Manufacturing common
Chemical
Montgomery
Muskegon
Co
Ward
Co
Specialty
Motor
Nachman
Springfilled
National
Cylinder
*
common-
&
*
15
A
Illinois Corp
Northwest
Airlines
North
West
Util,
Prior lien
Omnibus
7%
pfdr.
preferred—
Corp
26%
15 Vs
Jun
250
V, 141/4
8%
9%
4%
Jan
8%
%
Jan
35%
Jun
23%
Jan
37
Jun
350
35%
100
26
245
17%
850
8%
Jan
'
10
19%
20
14
14%
200
17 5/8
17%
18
220
9
90%
90%
20
56
7%
300
7
6
Pen
Jun
Jan
10% Mar
Apr
20'/•» May
Jan
14%
Jan
20 % Mar
Jan
99
Mar
Jan
8%
May
7%
■
4%
100
3%
5
-.1Q0
B—
18 Va
10%
81
common......——10
Co
Peabody Coal common
6% preferred
Jun
14%
100 ;
"
Parker
14% May
Jan
37
141/2
•
—100
—,—100
STOCKS—
2%
90
;V;-: Jr
May
5
Feb
V Jun
86%
Feb
70
'V
City
Jun
YV
862
23%
Jan
Peoples Gas Lt & Coke capital——100
Parfect Circle (The) Co
*
489
46%
Jan
58%
Cliffs
22
Jan
34
Jun
Poor & Co class B
450
12%
Jun
class
Electric
Pennsylvania
A
capital
RR
100
*
com
28%
50
.
-
_*
;
'■
4%
33
Jan
May
2% May
common.
1
600
%
Jan
common
1
100
6%
Jan
13%
Jun
950
1%
Feb
3Vs
Jun
Co. (The)
Pressed
Steel Car
Co
Oats
yuaker
i
Preferred
100
•
common
20 ;?•
—.—.100
19
950
Sears
*
686
Roebuck
Serrick
Co
&
capital.
Corp class B common—
Jan
21% Mar
7%. Jan
150
Jun
19% May
•
*
V.j
14
•>,
Jan
59%
May
:.78
May
'
100
-1
Mar
3
'•
■
J.
Goodyear
4%
10%
22
22%
800
22
1%
100
1
5%
125
1
2%
1,350
15%
200
13 i
Jan
34%
912
28%
Jan
*
Lathe Works capital—5
Bend
Southern Colorado Power class A com.*
Spiegel Inc. common
Standard
Dredging
common
Preferred
Standard
Oil
Stein & Co
of
Indiana
(A)
15%
20
"
capital
25
11
■
common...—...
Jan
Interlake
Jaeger
&
International
Texas
Co
Lamson
Trane Co (The) common..—
Union
U
Carbide &
Gypsum
U
8
Air
Carbon
Steel
7%
Co
National
Nestle
Richman
Standard Oil of
Thompson
9
;
16
'$
Van
Dorn
Warren
Firestone
T
11
35%
Feb
Jan
25
Apr
11%
268
9 Va
Jan
11%
Apr
4
Jan
12
Feb
14% May
14 %'Jan
18% Mar
6%
400
16 ~
16
15'/a
401
6%
206
■
■
3%
Jan
1
1,412
May
2% May
240
50
a8%
11%
23%
Feb
14
Jan
315
13%
33
Mar
33 %
Jun
20
'
4
.
10
7% May
200
Jan
9%
Jan
292
2%
4%
604
6%
19
2%
2 %
Feb
2%
Apr
7
Jan
8%
Apr
14% Mar
19 %
Apr
49%
51%
Feb
8%
85
a367/s a37%
Mar
20
90
a37% a37%
33
a20% a20%
8
7% May
90
Apr
1"%
a4%
Jun
7
Jan
65
a4%
6%
—
*
60
25
88
18%
—
2
Unlisted—
Jun
Jan
18%
15%
Feb
42
35%
30%
a31% a31%
—
*
Weinberger Drug Stores
May
45
a8%
—
„1
Refining
40
100
a43% a42%
Inc
Works
Iron
Mar
25
8
•••A'vK
&
R
10
common
—10
common..,
__
*
common..
a40
..
9
&40
Apr
Mar
35% Jun
Jan
New
York Central RR
Ohio
Oil
^.*l
1%
Jan:
3%
Jun
7
Jan
14 %
7%
Jan
10%
Steel..
S
215
al8'/2 al8V2
25
93
a53% a55
—
89
Jun
50
al6% al7V2
al6% al6%
T._
Republic Steel
U
al7%
common.
common
Jun
100
Apr
14 Vs
Jan
22%
Jan
29
Jan
>
...25
12%
100
8
1
84%
.
„
Apr
52
Jun
Jan
12%
Jun
441
79 Ys
Jan
86 %
126
59%
Jan
71%
16%
Jan
28% May
1,064
47%
Jan
59
120 %
231
112 %
Jan
2
Members
Jun
346
Watling, Lerchen fit Co.
Jun
70%
55%
Jan
Jun
Jan
1
•
—
18% Mar
27
35%
1
28
•
Prod
Upson-Walton
33
106
110
13%
„
25
_
99
32%
__
__
"
Ohio
2%
42
common
:
....——•
Apr
1%
a4%
»
Jan
510
•
*
Bros.
8
42
88
—
Industrial Rayon
51%
20
5
A„...—
Patterson-Sargent
Seiberling Rubber
6 % May
650
capitals
class
Apr
23%
g%-'>
*
—__
LeMur
Jan
400
capital
Transp
15%
*
6%—.:
Tile
Apr
8
33%
6
'
*
—
new
preferred
Apr
145
a37l/4 a38%
n
—
»
Refining,
Prior
National
' 3'Y .-'
1,169
common
Lines
*
Cement——
14% Mar
33
...
Portland
71
Jan
42
__
*
Tr
Jan
10%
23%
42
•
&
15
Jan
59
2,414
a38% a40
__'■■■
& Sessions
Medusa
Electric
26%
■
S
United
—•
Leland Electric
Co
34
capital
Corp
Lime
General
■15%
15
Island
Glidden
34
15
10
67%
10'/2
706
13%
10
Rubber..
____—
Apr
26%
.25
capital
Jun
27.%
440
3%
5
common
capital
13%
io
preferred.—_A—...100
1% May
25
Tool
Machine
Swift
Swift
14
66Va
High
240
130
67
—
Steamship
Low
al4
ai4
*
5
Machine
Apr
Jun
1%
10
&
'
,
10
Stewart Warner Corp common
5
Storkline Furniture common...10
8undstrand
.
11 Vs
-
14
1
Sterling Brewers Inc common
3,510
v
Jun
10 i
Tire
Halle Bros
iJ-
—2
Sinclair Oil Corp
South
-I
preferred
Bookbinding
B. F.—
Goodrich,
.
11
:if;-
,
Iron,
common
Range Since January 1
100
•
a26% a26%
__
Mar
13%
" Jan ; •
14
*
1
Mar
155
>
Jan
2%
150
Sangamo Electric Co common.
Schwitzer
Cummins
capital—
Feb
147%
100
Mfg Co common—50c
common.10
Raytheon
Reliance Manufacturing Co
92
Jan
70
Fuel
Cliffs
3
Shares
High
al4% al4%
__
1 % May
Process Corp common...—.I. — *
Potter
&
Corp
Commercial
Jun
150
&
Gas
Ice
Cleveland
Range
of Prices
Low
Manufacturing
Brewing Corp of America..
Kelly
24
Jan
14%
1,300
Par
Electric
Apex
Apr
Jan
Penn
Sale Price
Sales
for Week
Week's
Last
Apr
Jan
20
•
common—
Mar
10
10 A
*
common
common
25
35%
35 %
20
common...
lnc
Bancorp,
10
2,150
17
Standard common...-4.—10
Noblitt-Sparks Ind Inc capital——5
Northwest
22
35%
National
North American Car common.
25
J
8%
8 %
100
Xl5'/a
14
14
1
common
National Pressure Cooker common..—2
Northern
27
25
—*
class
common
Gas
27
Friday
28% May
—*
Modine
Monroe
Detroit Stock
4%
1,150
Jan
120% May
4% May
98
20%
Jan
27% May
1
24%
50
18 Vs
Jan
25
100
35%
87
26%
Jan
Westinghouse Elec & Mfg common...50
94%
258
80%
Jan
97 Vs
Jun
9
Associate
Chicago Stock Exchange
Exchange
Apr
26%
New York Curb
York Stock Exchange
New
Mar
Utah
cumulative
preferred
Radio Products
Walgreen
Wayne
Co
Pump
Western
.100
1
common
capital.
Co
Union Tel common
Wieboldt
Inc
Stores
26%
*
common
Bankshares common
8%
Industries common...
Wrigley
(Wm Jr) Co
Zenith
Radio
capital
capital
Corp
8
15C
5%
Jan
8%
5%
6
750
iV -3%
Jan
6%
373
58 Va
Jan
70Vb
Mar
6%
300
4%
476
19%
67
—•
5
—
;
*
common
Telephone: Randolph 5530
Apr
67%
32%
2
Yates-Amer Mach
5Vs
8
__*'
Woodall
Wisconsin
Jan
DETROIT
Building
38% May
•
150
"
common.'....
Ford
Jun
Jun
Detroit Stock Exchange
7% May
Jan
Jan"
32%
Jun
June 12
to June
18
both
Unlisted Stocks—-
Friday
•
11%
10%
11%
1,705
6%
Jan
11%
27 Vb
26%" 27%
1,300
24%
Jan
31%
Apr
Atchison
Copper
Bethlehem
Electric
General
Interlake
Martin
Iron Corp
(Glenn
L)
common
Co
common
245
45%
Jan
58
56
Jan
69
Apr
8%
8%
580
6%
Jan
37%
38%
902
30%
9% May
38% Jun
8%
8%
100
6
Jan
19%
20%
1,351
18
Jan
24
May
12%
13%
5,550
6%
Jan
15
Jun
16%
17%
1,200
10%
Jan
20
May
26%
550
15% Jan
27% May
36%
1
Nash-Kelvinator
13%
5
Corp—
New York Central RR capital
•
Jan
9%
Apr
Par
Atlas
Bohn
Burroughs
Chrysler
common
Paper
234
26%
Jan
38%
17%
434
9%
Jan
19 J/4 May
Detroit
&
Radio Corp of America common
10%
10%
11%
3,850
5
Jan
Detroit
Edison
Republic Steel Corp common
17
17
17%
818
14
Jan
12V4 May
19% Apr
Detroit
Gray
Inc
Pullman
Pure
Oil Co
capital
(The)
17
common
,
7%
Standard Brands common
1,600
8
4%
'
Jan
Jun
Jun
8
Milner,
Crowley,
Standard Oil of New Jersey capital__25
55 Va
56%
267
46%
Jan
57%
11%
12%
420
5%
Jan
13%
Jun
Ex-Cell-0
39%
41%
135
25%
Jan
43%
Jun
Federal
12%
Jan
18%
Jun
Apr
7% May
52% Jun
45% Mar
14%
556
Jan
15%
Jun
2Vs
2Va
369
75c
Jan
2%
Apr
100
68
Jan
81%
Jun
12
Jan
15
79
15
6%
10
3%
79
15
15 -'I:
300
6%
433
6%
common
20
3%
19
300
3
3%
205
19%
1.799
9%
4%
1
3
Apr
7% May
Jan
4
Jan
May
5
Jan
Apr
17%
Jan
19%
Feb
5
common
1 Vs
1 Va
100
70c
Jan
1%
Jun
1
common...
3%
3%
250
2
Jan
4%
Apr
135
26
Feb
289
13% Mar
Jun
1
10
8%
14 Vs
2%
3
Nav
Stove
25
High
Jan
Jan
—t
1
common
Detroit-Michigan
5%
4%
52%
common
Iron
400
875
52%
...10
common
common
Cleveland
7Vs
6%
52%
—5
common
Continental Motors
LOW
7
5
.12%c
common.
Corp
Range Since January 1
High
'
common.
Machine
Adding
Biscuit
Burry
Shaies
6%
1
& Brass
Aluminum
for Week
Range
of Prices
Low
...5
Drop Forge common—
Baldwin Rubber common
Consolidated
Pictures
Paramount
Sale Price
May
651
35%
Co
55%
63%
25%
Curtiss-Wrlght
53%
*
common
62%
•
Corp
•
1
Steel
STOCKS—
Sales
Week's
Last
Jun
Mining
50
Topeka & Santa Fe com—100
Radiator Si St San com
American
Anaconda
inclusive, compiled from official sales lists
Studebaker Corp
U.
S.
common
Rubber Co common
Yellow Truck & Coach class B
1
Corp
Mogul
Frankenmuth
Gar
Wood
General
Finance
June
to June 18 both
12
Friday
■
Last
Sale Price
Par
Aluminum Industries :
Baldwin
—
l—____—8
—
7%
__
_.V10%
—
*
Churngold
Cincinnati
Crank—
Ball
5
—*_
Cincinnati Gas & Electric
Cincinnati
3
Crosley Corporation
Eagle-Picher —,——
—*
__
*
:
—10
Preferred
100
3
*
..
.
__
Kingston
,
>
Kinsel
5'/a
Jan
10% Mar
LaSalle
20%
Jan
27%
Masco
50
,/
6% Mar
8
Jun
Mar
Jan
3%
Jun
Jan
22%
Jun
5
200
Jan
10%
Apr
1%
17%
50
635
100
2%
Feb
94
80
81%
Jan
98
May
8
891
7%
Jun
9
Jun
68
96
Jan
70
Insulation
Gibson
Art
*
1
21%
12%
71
9%
Jan
30
7%
Jan
12%
102
102
60
7%
1
102
Drug
5
—__—
Kahn
——
1st
__
—-—_——.100
—
-*
preferred
Kroger
—
Lunkenheimer
*
Manischewitz
*
Procter & Gamble
*
Randall
United
class
__
*
B_
States Printing
Preferred
—*
50
...
-
31
50
27
•
—
preferred
Hilton-Davis preferred
Gallaher
__
31
27
84
21
—
21
10
21
25
25
20
24
9%
9%
90
90
30
29%
30%
25
25
__
--
56%
._
4%
—
4
208
2%
3
1,250
2
2
1,750
83c
Jan
73c
73c
100
53c
Mar
6
6
100
4%
Jan
500
2,020
1% Mar
3%
2
1%
Jan
16%
;
Jun
2
May
6% Jun
Jan
4Vs May
Jan
3 % May
2% May
75c
May
6% May
18
9%
18%
350
14%
Jan
19
Apr
15%
*
*
•
15%
200
9%
Jan
16%
Jun
9%
9%
765
4%
Jan
10%
Jun
Jan
83c
67c
1
500
72c
51c
McClanahan
1
common
Wines
Screw
Oil
1
common
common
Michigan Die Casting—/*-.
Michigan Sugar common
;
600
3%
1%
3%
Feb
75c
3%
200
2%
Jan
Apr
960
1
Jan
13c
Jan
700
22c
1,600
2%
2%
2.800
*
1 Vs
1 Va
125
7Vs
7 Vs
2,000
.1
5%
2%-
Jun
4
1%
71c
10
—
Preferred
Jan
1 %
70c
21c
1
1
1%
3%
70c
2
common
Products
3%
..1
common
49c
1% Jan
62c
6%
Jan
Jun
Apr
May
1% Mar
28c
2%
Apr
Jun
1% May
7% Mar
Jan
9%
Products
3% Mar
9%
Jan
Jun
A
Apr
22% May
13% May
102
Jun
Micromatic Hone
Mid-West
common
Abrasive
common.
Parke
Davis
Peninsular
Pfeiffer
10
Motor
Car
common
Mtl
Prd
Brewing
90
100
7
170
75
8%
8%
57
55%
56%
200
3
4%
49
3%
4%
50
361,
948
41
.
16% Jan
32
;
common
common
Jan >
30
Mav
Jun
21
Jun
Jan
25
Mar
common
4%
Apr
250
1%
Jan
2% Mar
9%
470
5% Jan
10% Jun
4%
*
lv'
Jun
407
2
9%
31
480
4%
484
31
1%
1%
4,800
*
7%
7%
100
1
2Vs
2 Vs
2,000
1%
2%
Jan
5
May
May
28.9-
Jan
76c
Jan
1%
Jun
5%
Jan
7%
Jun
1%
Jan
2% Mar
Jun
20
9%
•
common
6%
6%
2
—50c
Murray Corp
Packard
Prudential Investment
Formica
B—
Mfg common
Drug,
60
74
=
68
9%
8
50
Yards
3%
22%
10%
High
20
50
Telephone
Union Stock
Cincinnati
Low
<
&
4
10
common
class
4
2%
—1
5
—
Bearing
5%
27% Mar
Range Since January 1
High
27%; 27%
7%V 7%
3%
22%
9%
Hurt! Lock
Shares
&
2
1
Hudson Motor car, common
for Week
10
Ball
1%
5%
—
1
common
common
Houdaille-Hershey
93 %
7%
pfd—A—100
Cincinnati Street
Range
Valley Brewing
Lamp
Hoover
-V''
Sales
;.K
of Prices
10
—
20
Burger Brewing
Champion Paper & Fibre
Week's
Low
*
Laundry Mach—
American
Hall
inclusive, compiled from official sales lists
Wi
STOCKS—
Grand
5%
1%
5%
1
common
Brewing common
Graham-Paige common
Exchange
V
5%
1
5
common
common
Goebel
Cincinnali Slock
26
_3
common
Brewing
Industries
26
3
common
6%
Feb
9%
Jun
Rickel
River
(H
Jan
93
24%
Feb
32% May
Standard
20
Feb
25
Stearns
8% May
48%
2%
Jan
Jan
3
Jan
38
Jan
Jun
Simplicity
common
Tube
class
(Fred'k)
common
common
B
common..;
common
3 Vs
*
10
common
Pattern
3
—2
common
Paper
Sheller Manufacturing
85
May
W)
Raisin
Scotten-Dillon
14
14
4
Timken-Detroit
Mar
Tivoli Brewing common
Mai¬
3%
Jan
14%
Apr
2%
Jan
4%
Jun
1%
Jan
2%
Apr
4%
4%
300
Jun
2%
700
2% May
300
1%
Jun
16%
16%
200
13 'A
Jan
16%
30
30
110
28%
Jan
33% Mar
1%
Jan
2%
Feb
2
1
*
2
Jun
I
Jun
5% Mar
50
Jan
10%
'
8% May
57
Jun
Jan
1%
480
330
3Vs
2%
1
—1
3%
2%
1,000
3
14%
Axle
Udylite common
United Specialties
common
—
10
1
1
—1
2
Apr
3% May
1%
3
1,400
6
200
2
•
Class B
960
1%
3
5%
1%
3
2
200
68c
Jan
2% May
4
4
215
2
Jan
4
1%
1%
900
1%
Jan
1% Mar
4%
400
4
Jan
5
Mar
7c
Mar
4% Mar
6
Jun
UnlistedAmerican
Rolling Mill
Columbia
Gas
General
6tandard
For
25
*
Motors
.
Brands
footnotes
10
•
see
page
2339.
__
4%
54%.
7%
.14%
14%
215
4%
4%
294
53%
7%
55
7%
10% Jan
2
Jan
ls %
Apr
Walker &
5%
Jun
Warner
Co
class B
Aircraft
common
256
44%
Jan
55 %
Jun
Wayne Screw Prod common
126
4%
Jan
7%
Jun
Wolverine Brewing
common—
*
1
4
1
4
1%
—
—
4%
3c
3c
1,000
2c
Mar
Jun
THE COMMERCIAL & FINANCIAL CHRONICLE
2336
Monday, June 21, 1943
OTHER STOCK EXCHANGES
12
to
June
18
''
'
Aircraft Accessories,
1.80
1
Products
Electrical
Jan
13
Jan
Paint Corp
General
a67%
a53%
a53%
Petroleum
Occidental
Pacific Clay
&
Corp
Products
Pacific
Gas
—
Lighting
Public
Corp
com
May
415
Mar
44%
Jan
391
29c
11 Va
37c
10%
Oil Corp
Richfield
1.40
2,085
1.35
••
1,200
40c
Feb
Jan
24% Mar
Jan
11
Jan
36c
May
9
Mar
4%
Jan
Jan
a34%
34%
12
30%
Jan
Mar
29
30%
4
44%
45%
103
39 y4
Jan
a40%
41%
411
34%
Jan
a30%
a
—15
a26%
——25
—^
:—25
25
Original preferred
6% preferred B
5 % %
preferred C
Pacific
Co
Standard
Oil
of California
Oil
Sunray
Co
:
—
2.10
Jan
5%
Jun
7%
Jan
11 y4
Jun
100
8% Mar
1 2
■b
4%
4
3%
1,010
5% Mar
35 y4
Jun
39
21
36
7%
Jan
11 y4
150
2V4
Jan
4
400
4
Jan
7
3%
7
Pennroad
9%
6%
Jan
10%
Apr
78%
25
67%
Jan
81%
Jun
22%
22%
2,644
21V8
Jan
25
41%
105
39%
Jan
42
31%
611
30
Jan
Electric
-
30
28%
Feb
25%
26%
1,165
16
Jan
•
37%
38 %
1,038
28 V2
Jan
1%
Jan
300
5
8%
$1
a21%
19%
.
6%
1,539
83
22%
1,552
20
Unlisted
;
Co—
Stocks—
30% May
39% May
5'%
Jun
preference
Jan
10
19 % Mar
22
15%
20l/4
American
Viscose
Corp
common
Anaconda
Copper Mining Co
& Co (111)
Armour
*
a4iy8
al527/a
14
50
5
a27Ve
;
Topeka & Santa Fe Ry—100
Atlantic Refining Co. (The)
25
(The)
Corp
lc
Philco
Jan
Jan
Mar
6%
Jan
41% May
y8
115
al52% 156%
535
131'/a
Feb
Corporation
6%
6%
21
6%
6%
6%
195
2%
Jan
7%
4%
4%
4%
2,580
3%
Jan
4% Mar
29%
2,066
23%
Jan
32 Va
17%
18%
8,554
16%
Apr
19 V8 May
w-i——*
25%
25%
2,472
23%
Apr
25%
117%
147
114%
Jan
27%
116% 117%
32%
25
-3
pfd.
——
Apr
210
13%
Jan
26 Va
Jun
14%
Jan
24%
19%
68
32%
33 Va
35
26%
Jan
22% May
33% May
30
33%
30
25
22%
Jan
30 Va Mar
6%
41%
10
38 V8
Jan
43 Va
48%
Jan
63% Mar
Sun Oil
Invest Corp
'54%
55%
1%
1%
1%
245
1%
1%
223
1%
Corp common—;
preferred „——
Improvement common
Ex-distribution
*.i.
1%
2%
Jan
Jan
30 %
5%
Jan
9 %
Jun
1%
Jun
2%
Jun
12,925
Week's
Last
STOCKS—
Par
Low
*
'oY«"
Allegheny Ludlum Steel—
Finance
Auto
l
common
27%
May
Columbia Gas & Electric
Jun
(D
Devonian Oil
6%
Apr
2c
...
1%
1 %
11%
7%
Gas
Star
y 11%
Jun
41% May
National
_
Penn
Corp
Federal Corp
80
54%
283
40
:
Jan
56%
Feb
23% Mar
3V2
Jan
6% Apr
Ruud
Steel
19% May
18'/4 Jun.
12%
Feb
13
Jan
115
61%
Feb
50
29%
Feb
69
Apr
33% May
48 y8
30
42%
Jan
45
285
Jan
5
50
25
35
50
31%
95%
a36%
37V4
a62'/8
62%
a33%
34
a47%
4%
5
—
•
Steel Corp
*
*
Co
Corp.*..
Tractor
Gas
.—
Elec
&
Aircraft
Vultee
Co
Oil
—
24
9%
Jan
_
Springs
Jan
24%
%
Jan
General
Foods
—
19
17%
73
6%
425
4*%
Jan
34%
100
29%
Feb
8'/2
33
7
Jan
Jan
96%
4%
Jan
6%
Apr
5
8 !;S
8
=;:' ioo
5%
Jan
8
Jun
1
2%
2%
2%
Jan
8%
8%
205
,7 Va
Apr
22%
338
15%
Jan
22
100
4
Mar
Established
9% Apr
9% May
May
20%
Apr
International Tel
,
405
31%
Jan
43%
222
35 y2
Jan
41
'
400
55
36%
Apr
39
LOUIS
Members
Phone
New York Stock Exchange
CEntral 7600
1
400
2
32%
250
14%
8%
2% May
Jun
Jan
16% May
Jan
35
2,145
61%
Jun
6%
135
7%
Feb
38 %
32%
470
31%
a61%
8%
--
30
30
5y2
Jan
36
8%
Mar
St. Louis Stock
Apr
Jun
Apr
54
55
to June
June 12
Mar
18 both inclusive,
May
a45%
45%
130
36%
Feb
42
17%
16%
17%
1,040
10%
Jan
20%
all%
ail%
11%
■;
la
10%
Jan
14 >'.<■:
al4%
15%
200
10 y2
Jan
18%
18%
130
12
Jan
RR
American Aviation,
Oil
Inc.
Company
American
Company—t:
•
Last
Apr
Apr
16% May
18% May
Pennsylvania Railroad Co.
50
——
a28%
29%
403
17
50
11
1,030
Investors
American
common
78
200
59%
Jan
76
May
13%
212
10 y4
Jan
14
Jun
8
Brands
Inc
Oil Co
I
Oil of Indiana
Standard
(N J)
2
Studebaker
-
Corp
—J.
25
i
Co
5
Ely & Walker Dry Goods common—.25
Falstaff Brewing common——1
Griesedieck-West Brew
Water
Assoc
Union Carbide &
Aircraft
United
Air
Corp
Oil
25
Co
10
Carbon Corp
Corp
Lines
*
5
Transport—
4%
Jan
28 Va
Feb
34% May
Huttig S
90
47 y4
Jan
57% May
Hydraulic Pressed Brick preferred—100
(Delaware)
—
a83 %
«...
'
•
46
7%
Feb
common
*
35
common—
7%
100
12
5%
Jan
13
Feb
May
26%
37
24 %
Feb
25%
—*
*
295
42%
Jan
49%
Jun
13%
175
Warner Bros Pictures Inc
5
Westinghouse El & Mfg Co._
50
Steel
Inc
9%
Jan
14%
171
84 y4
Apr
84 %
Apr
Rice-Stix Dry Goods
210
27%
Jan
39%
Jun
Scruggs-V.-B.,
26%
25
1%
1%
1,660
55
275
14%
355
94
.
100
For
footnotes
see
page
2339.
6%
a40%
Jan
3%
High
7'/a
42
Jan
Jun
Jan
6Va
Jun
30
17%
Jan
22%
Jun
120
12 Vs
Jan
19
Apr
26
26
23?
Jan
26
5
25
10%
420
24
135
8%
8%
6
8%
6
50
190
18%
Jan
27%
Jun
2 % May
J?
Jan
Jan
58%
7%
Jan
82
6%
165
a.40%
40%
50
common—
common
Scullen Steel common.—;
Stix,
Baer &
Fuller common
11
Jun
24
Jun
8% May
7%
Jan
3%
Jun
7%
Jan
35%
Jun
May
1%
Jun
to CO
S3"
Apr
35%
575
—1
1%
1%
400
—20
•
16
16
190
15%
Jan
18
Feb
25%
25%
325
14 Va
Jan
27 %
Jun
110
6%
Jan
85
8%
Jan
13%
20
7%
Jan
13
May
100
6%
Feb
9
Jun
265
24%
Jan
31
Apr
Mar
91
May
Feb
98
May
9
*
.5
13%
12%
*
10%
10%
9
10
9
13%
10%
9
9 % May
Jun
15% May
Jan
Inc.,
Jan
Jan
Jan
7%
17
34%
Apr
83%
35%
a94
1
—10
common
National Candy common
r
48
Apr
82
Electric common
2%
36
Jan
Mar
8 Va May
40%
Jun
15
30 %
30%
30%
90%
97 %
90%
97 %
Bonds—
Jan
'
Motors
Woolworth, F. W, common
Shoe
Shoe
Johansen
Wagner
Willys-Overland
D common
35%
14%
___
&
International
a82%
a53%
—
Jan
18%
Apr
49%
a26%
1%
5%
31
22 %
—
9 Va
13%
-
25
10%
43
49%
—
6%
30
24
*
1,095
a26%
—
5
United States Steel Corp—
common.
26
,55%
Laclede
Corp (The)
Low
200
22%
a34V2. .34%
12
1
,
6%
41
17%
1
—
a9%
—«iv
Webster Inc
8
7%
"
'
.
2
common
Range Since January 1
High
6%
10
a55%
'
-
Standard
Pepper
41
Sales
for Week
Shares
Jun
a76%
Standard
Dr.
Range
6%
—.1
*
Electric Co.
Coca-Cola Bottling common
Century
Week's
of Prices
Low
Par
Exchange
compiled from official sales lists
12% May
a77
13%
Apr
19% May
18% May
17%
13%
31%
Jan
al6%
1
12% Jan
May
Jan
10%
al6%
Socony-Vacuum Oil Co
Jan
24
5
14%
10%
Steel
America
Corp
Roebuck & Co
Jan
233
Radio Corp. of
Republic
2%
305
al7
a28%
Co
Oil
4%
Sale Price
STOCKS—
Brown Shoe common
4%
Packard Motor Car Co
Postal Long Distance
Bell Teletype SL 503
Chicago Board of Trade
Associate Member Chicago Mercantile Exchange
New York Curb Exchange Associate
Chicago Stock Exch.
Friday
Central
York
United
Jun
May
13%
Montgomery Ward & Co
United
3 Va Mar
9% May
24%
1922
705 Olive St.. ST.
Jun
40%
32%
—
—_—
38%
a42
a30 %
—
—
Libby, McNeill & Libby common
Inc
a37%
2
& Tel Corp..
Copper Corp
Kennecott
7
a38%
a42%
——
Graham-Paige Motors Corp.——
International Nickel Co of Canada-
Tide
Jun
84%
Edward D. Jones & Co.
7% May
35 % May
7
J. ■'
37%
a
Corp
Goodrich (B. F.) Co.
&
Apr
107
St. Louis Listed and Unlisted Securities
Feb
a8%
1—5
Co
Co
Electric
General
Texas
35
105
St. Louis Stock Exchange
Swift
2
Apr
25% Mar
Feb
6
1 Va May
a33%
~6%
1
5
1
Electric Bond & Share
&
Mar
5%
6
Air Brake
14% May
22%
%
6%
al7
—1
_
2
30
13%
a23%
a%
2
135
al3%
a23%
*
(Del).—
Curtiss-Wright Corp
a47%
*
Continental Motors Corp
Continental
a62%
5
Commonwealth & Southern Corp
Stone
95c
Jun
100
10
Commonwealth Edison common—;—25
Sears,
Feb
Mar
25
Jun
7% Mar
:
Apr
4 y4
Westinghouse
1%
25
Mar
9%
Jun
Jan
Jan
Jun
17% Mar
100
1
Manufacturing
Shamrock Oil & Gas common...
Standard
17% May
13
Jan
5%
100
.b'V
Jan
95
•
Apr
21%
185
Brewing
Jun
Jan
25c
600
1%
1%
Jun
5%
8%
8%
435
1,040
40c
7%
Jan
35
i,V;: Ur-'f.-:.-
preferred-
5%
48
40c
Jun
Jan
92
123
7%
7%
/fi-
~
Jan
11%
13%
•
77
9
9
9
-
'•V-vt
'
5'A
Jun
96
«
Pittsburgh
5%
96
-
Pittsburgh Plate Glass.—.
Pitts Screw & Bolt Corp
Jan
16%
common
Preferred
151% May
Jan
3 y8
16%
96
10
—
2,723
16%,
10
Supply
Fireproofing
15
170
13
——
100
Koppers Co preferred
Apr
16
12%
■
*
Refrac
Walker
16
13
10
Jan
2
1,590
May
1% Mar
Apr
6%
425
4%
1%
6
1,389
4%
High
28
Jan
100
9%
7%
.5
—
18%
90
28
4%
•
—
Brewing
Low
High
U
Candy—
L)
Clark
Range Since January 1
Shares
10%
•<".
Co
May
for Week
of Prices
70
Commercial Solvents Corp—
Pure
Jun
Sales
Range
Friday
Apr
17%
Columbia
Ohio
2% May
3*a
17%
inclusive, compiled from official sales lists
Sale Price
31%
18%
Caterpillar
North
Jun
1% Mar
Pittsburgh Stock Exchange
June 12 to June 18 both
34 y2
al7y2
Co.—
Borg-Warner Corp
North
1%
558
9
\
v
665
30%
~2%
& Jan
Jjj Jan
Feb
7,961
'1%
29%
8%
•
*
Gas
1%
29%
*
——*
Uni ted
$3
54%
1
—25
—„'
preferred
Mining
Tonopah
United
*
115
—.———
Jan
al7%
Bethlehem
New
Apr
5%
41%
Jan
5
Oil
Bendix Aviation Corp
Loew's,
8
2% Jan
129
*
24%
Locomotive Works vtc~.——13
Barnsdall
Cons
32%
18%
•
Baldwin
Mar
118
30% May
217
32%
23%
24
*
Scott Paper common—
32%
25
Apr
Jun
> Salt Dome Oil Corp—,———I
81
-
Jun
24 %
28%
-
162
5
8 Va May
6%
*
RR common—.
27 Va
a25
a25
Jun
9 % May
4% Jan
3% Jan
2,384
8%
50
—
43%
54
Jun
55%
'•"••44
18
common
a26%
a
3
(Del)__
41
40%
Jan
711
50
1st preferred
—50
2nd preferred——*.—-*——50
Lone
550
11
a40y2
Jan
273
55
i——*
w
a43%
Atchison,
Aviation
3%
100
5,000
10%
11
*
100
^
33%
39%
53'/a
*
Smelting & Ref Co
36 % May
8
Elec. Power 8%
Philadelphia
Mountain Fuel
American Tel <fc Tel Co
7% May
Jan
39 %
»
;
& Std Sanl Corp
Amer Rad
Amer
57/8
i%c i%c
5%
10
1
Mining Co
Gold
Jan
——100
com
preferred
Blaw-Knox
9
1%
16%
1
50
Co new
31% May
30% Feb
5
457
112
53%
.May
30
6%
39%
Apr
a30
20
■;■'•'
34%
5%.
—•
Pennsylvania RR
Phil
Harbison
Gold Mining
Cardinal
May
19% May
135
34%
Corp
Jun
Stocks-
Juneau
Alaska
10
10
Jun
31 Va
a30
5%
National Power St Light—*—
Duquesne
Mining
May
Jan
250
9%
9%
—
—
f? Lehigh Valley RR—————
Jun
333
41%
22'/8
**.
Mar
11%
3%
25
California
of
20
3
V
Mar
Jan
275
11 Va
5
Transcontinental & Western Air
Oil
Feb
9%
♦
Union
Jan
May
Jan
21
36
v.
May
17 Va
26%
7
Jan
12
22
70
41%
a26%
2
Corp
Transamerica
11%
12%
Va
8
Lehigh Coal & Navigation—
Transit
10
1
Corp.
Jun
400
•
Southern
Feb
46
6,174
36
Sontag Drug Stores —I
*
Southern California Edison Co. Ltd—25
18%
21
78%
8 Va
*
Motors
General
,41% Jun,
10%
1
,
Jun
17%
a41%
*
Co
.34%
30%
.
/v* 5%
4 Va
Signal Oil & Gas Co class A—
*
Sinclair Oil Corp___——_15
Aircraft
29 % May
4%
12
l
Safeway Stores, Inc
Shell Union Oil Corp
.
10%
al7%
5y8
Inc
Jun
9c
1,600
23 y2
Ryan Aeronautical Co
Solar
1.80 May
30
100
•.
Mar
Jun
30
345
al7%
common
5
preferred
Reading
97V2c Jan
63/s
1
Co
Electric Storage Battery
New
Jan
8
300
30
30c
27c
•
2
Mfg
Pub Co common.
Prior
4.4%
Jun
28%
common
Public Markets
Roberts
228
25
17%
21
.—10
*
Chrysler Corp
Curtis
Jun
30c
11%
67/8
28%
common—
A
Budd Wheel Co—
May
10
Jan
Jan
153
30
Jun
17%
100
10%
Mar
39 y4
27c
300
21
14
Jan
Jan
14c
590
a20%
1.40
4%
90
9%
28c
Jan
26%
'
Republic Petroleum Co
(EG)
13
t c_
v
156% Jun
127%
Jan
Jun
Jun
Jan
9
500
55 y4
7
5
100
11
pfd——.—*
1st
Service
12
Feb
25
25
10
•
———
Pacific
Jan
500
6%
36c
10% Jun
57/a
405'/a
38%
a 9%
Feb
80
13
6%
preferred
5 % % 1st preferred———
Pacific Indemnity Co—
Pacific
a9%
Jan
63
Feb
25
common
1st
6%
15% May
640
152% 156%
152%
High
11% Mar
Jun
6
234
12%
—
Electric
Apr
22%
V
7%, Jan
295
:
55
6%
63 ;
10
67%
37%
1
—1
i
Mfg Co
Menasco
Merchants Petroleum Co——
Jan
10%'
10
Angeles Investment Co—
47
Feb
3%
10%
1
Corp
19%
10%
-10c
Co
839
1,155
10%
1
Los
Low
227
14%
14%
10% May
5%
412% 412%
13
Lane-Wells
Aircraft
Jan
20%
,
'
•
*
Intercoast Petroleum Corp.——_10c
Lincoln Petroleum
74 y4
ey8
5%
*
Lockheed
10 y2 May
Jan
1,360
20%
Gladding McBean & Co
—
Goodyear Tire & Rubber Co__
Hudson Motor Car Co.——
Co
Jan
68%
10%
*
common..
Jan
8
150
79
Jun
19
95
625
9%
78%
10
Nat Bank—100
Corp common
10
Motors
b-'-'
47
9%
Farmers & Merchants
General
100
Range Since January 1
High
24% May
4
Corp..
Jun
7%
16 Va
Equipment Co..—.5
Derrick &
Emsco
Budd
49
47
*
Douglas Aircraft Co—
1.60 May
325
•
*
1
America
of
Works
Locomotive
Jan
12%
a
—5
Preferred
Creameries
£
& Tel
Tel
American
Baldwin
Barber Asphalt Corp
22 Va
Aircraft Co—
Chrysler Corp —
Consolidated Steel Corp.——
75c
Jun
'
2.00 Mar
12%
Corp—-—*-^-100
—1
Central Investment
12
■? 14%
American Stores—
Jan
a22Va
Department Store Inc
•
Jackson Co.— ——.——*
Cessna
5
Feb
1.35
600
145
140
Broadway
Byron
700
Jan
7
2,361
r
Jun
3%
100
1.85
Low
Shares
"
_
Chica Oil common
Bolsa
4%
11%
1.80
4% May
for Week
Range
of Prices
Par
High
Feb
1.80
1,540
4%
_»
2
Corp common..—:
Diamond Corp
Blue
3%
11%
Company
Petroleum
Bandini
Barker Bros
3%
50c
Inc
Low
Sales
Week's
Last
Sale Price
STOCKS—
Range Since January 1
Shares
High
Low
Par
compiled from official sales lists
Friday
for Week
Range
of Prices
Sale Price
STOCKS—
both inclusive,
18
Sales
Week's
Last
-•
to June
12
June
both inclusive, compiled from official sales lists
Friday
:
Philadelphia Stock Exchange
Angeles Stock Exchange
Los
June
St
Louis
St
L
Pub
Car
6s,
Serv
extended
5s
1st mtge
1945
1959
__
$2,000
2,000
85
90%
THE COMMERCIAL &
Number 4187
157
Volume
2337
FINANCIAL CHRONICLE
CANADIAN MARKETS
—
Listed and Unlisted
Week's
Last
Montreal Curb Market
Canadian
'•
Last
of Prices
Low
Par
Abltibl
Power
preferred
cumulative
Beauharnois
Brewers
of
Distillers
&
5'%
Jan
15 Va
Jun
Canada Forgings
310
12 Va
Feb
32
Jun
Canada
North.
Corp
—•
3
3
325
2V2
Feb
Jun
Canada
Steamship common
^
Oil
84
85
96
21% .'.21%
274
21%
Ltd—,
Co
Columbia Packers Ltd.——
Canada
Power
Candn
Marconi
5%
Vickers Ltd
Canadian
8% Mar
10%
Apr
173/t Mar
19%
Feb
Preferred
Consolidated
Cub
Aircraft
David
Dominion
Oilcloth
Dominion Square
Mar
Canadian
Jan
148
35
85c
Jan
161
50c
Jan
3% May
:
1.15
Crown
3%
Jan
25 %
Jan
15
39%
Jan
.
77
Apr
45
I
Feb
3%
i ■
35c-'
2%
6V2
Distillers
,4%
5
3
Jan
Jan
10
11
Feb
15%
Jun
22% Mar
36y4
Apr
2%
5%
6V2
1,479
13
13
50
,
]:
24%
29
r
1.55
Jun
May
2%
Jun
6%
Feb
Jun
May
-
13
*
6%
6%
53/4
12%
Power 7% cum pfd—100
Eastern Dairies Ltd. 7% cum. pfd—100
3
Jan
9%
Jan
s
13
Ford
Canada Ltd
of
Motor
23%
23%
A__
Trust
Voting
-•
*
—
_.—
:
Collieries
Corp
Securities
Hydro-Elec.
5%
International
Paints
International
Utilities
Class
B
*
;
Corp
preferred
19»/2
350
50
205
150
15
1.50
17
Enamel
Jun
33
.
97*
Can
Acceptance
7%
Preferred
15%
Jan
Lang
Jun
Mar
Power
the Woods
of
132
45% Mar
Secord
Laura
Massey-Harris
Apr
Montreal
15
1,276
3%
Jan
v:, 7
Jun
Mont
Mar
42
5% Mar
7
Feb
Apr
May
40
89
89
60
85
15%
15%
30
10
.
Jan
102
105
105
16
5
6
200
2%
56
56
105
47%
Preferred
Feb
Noranda Mines Ltd.
Jun
Ogilvie Flour Mills common
Jun
56%
Jun
Ontario
Steel
Ottawa
Car
10c
Jun
20c
Feb
2%c
Jan
4c
Jan
4,000
12c
Jan
33c
Jun
2c
Ltd——_—...—1
Bidgood Kirk Gold Mines Ltd.——1.00
Bouscadillac Gold Mines Ltd
1
Brazil Gold & Diamond M Corp..—1
Cartier-Malartic Gold Mines Ltd—1.00
Central Cadillac Gold Mines Ltd.—1.00
East Malartic Mines Limited—.1.00
Kerr Addison Gold Mines Ltd.—
1
Lamaque Gold Mines Ltd
*
MacLeod Cockshutt Gold Mines Ltd-~1
Madsen Red Lake Gold Mines
1.00
Malartic Goldfields
...
1
Normetal Mining Corp Ltd——
*
O'Brien Gold Mines Ltd
—-1
Mines
30c32%c
4c
lc
Jun
2c
Feb
7,500
lc
Feb
4c
Jun
6c
59,000
2c
200
1.35
1.35
6.00
100
4.65
4.65
300
1.75
•
.
1.00
1.80
1.80
500
1.75
1.00
■
67
'
1.80
500
80c
1.13
4.90
3.95
1.67
79c
1.66
1
Mines Ltd—.
Cons
Mines A.'———
1
—1
Sylvanite Gold Mines Ltd—
Upper Canada Mines
1
i
Ltd
1
Wood Cadillac Mines Ltd———
Oils—
12,500
2.70
900
78c
'.
•
Jan
1.03
Feb
Feb
3.05
Apr
1.04
Jan
2.10
Apr
4c
500
l%c
500
66'Ac
78c
1.26
Jan
/-
3c
Apr
%c
Class
St
St.
Mills
Flour
Lawrence
Lawrence
Simon
&
Steel
Sons
of
Co
Preferred
United
Steel
Wabasso
7%
Jun
Jan
8
Jun
Jan
11
Apr
3.40
3.60
23%
Jun
1,730
33
Jan
39 % Mar
1974
207a
1,580
17
Jan
20%
Jun
193/4
12
13
511
6
Jan
13
Jun
253/4
110
19
Jan
26%
Jun
14
14
770
14
Jan
14'% Mar
Jan
11
Jun
11
May
; 11
11
10'%
1074
10%
26
27
31%
33
•
%
I
Jun
397a
40
May
38
Jan
57%
1074
16%
15%
167a.
82
82
15
Glove Works Ltd
Jan
'Ac Mar
2.66
25
■
21'A
Jan
Jan
26
*
common..
Range
2%
Preferred
*
—
100
427a
7
♦
Algoma
Steel
Aluminium
Aluminum Co
Asbestos
common
Ltd
_
9%
116%
common—
50
of Canada pfd
101'A
Associated
Breweries
*
197a
Bell
Power
&
Telephone Co of Canada
Brazilian
For
T L
&
„•
P—
footnotes
see
...100
100
13
113
113
9%
10
116% 121%
101% 101'A
24
-
45
5
3
11%
111
Feb
Power
page
2339.
Jun
Jun
Feb
30
Jun
32%
Feb
44/2
Jun
16% Mar
19%
Jun
13% Mar
297
16
Jun
9
9%
May
Jun
10 % Mar
113/4
Jun
20
59 3/4
Jan
72
Apr
100
663/4
Jan
76
Apr
Jan
747a
747a
25
50
22
May
26
153
45
152
Apr
156
Feb
6
Apr
153
153
5%
5%
6 3/8
35
774
527a
~7Va
4% Jan
270
527a
57a
■
5,834
53
49
2%
7%
Jan
Mar
59
Jan
128
131
58
May
21
395
59
131
Jun
Jun
Jun
Jun
129
Jan
134%
Jun
147
Jan
160
Mar
160
158
131
35
9
1343/4 1343/4
159
250
250
250
30
223
Jan
254% May
140
140%
99
132
Jan
141
Exchange
Range
100%
Feb
21%
Jan
152
122
Aluminum
Ltd
Co.
Jan
10%
133
M O CO vCO
25%
Jun
Mar
Gold
Anglo
Armistice
152
25%
28%
18,849
12% Mar
Apr
15%
Feb
Aunor
Apr
Bagamac
Ashley
Gold
141
14%
Jan
Jan
152
28%
Jun
Gold
Bankfield
Ltd
Jun
15 %
Jun
Jan
28'
6c
13 %c
Jun
Jan
1.32 May
15c
20c
119,590
122
pfd._100
102
101%
373
270
21,700
9,730
100
5.500
47c
20c
Feb
49c
40c
Apr
53c
24
Jun
31
15c
__
1.25
lc
69%c
*
*
—
Mines
1V2C
102
l%c
4.25
62c
4.25
46c
75c
4.25
49c
47c
41c
42c
;
47c
25
12,700
104,400
40
30,750
9c
9c
Jan
133 % Mar
Feb
102%
.
3.00
Jan
Jan
2c
6c
2c
5%c
2.20
2.10
2.25
25,600
16c
15c 18%c
72,425
8%c Jan
66,347
May
Mines
1
6c
5c
6%c
2c
^
Jun
23/4c
Jan
1.35
Jan
4c
Feb
1%C Feb
%c Apr
1
Mines
Feo
106
1
Ltd
20c
Jan
Jun
101
ll
i
Mining
.
17c
Jan
31
2c
12c
26
Feb
Jan
14c
14c
i,
Consolidated
/
117
1.02
*
Mines
•
1.80
Jan
Jan
5
16
15c
Arjon Gold Mines
20
9%c
__
.1.18
1
5%
Gold
Feb
25
__
1.75
6,575
15V2 "/ 12,079
28
•'
10
93/4c
500
70c
117
Ltd.,
Porcupine Gold
Jan
1.25
11
1.55
14%
Range Since January 1
High
Low
High
*
Canada
Mines
Huronian
Aquarius
Low
Shares
♦
1
Oils..
Corp
common
of
,
Sales
for Week
22,730
2,500
1
Cons
Copper
Aluminium
Amm
605
15
Pacific
Aldermac
•
Co
Gas
Anglo Canadian
827
90
Alberta
100
Oil
&
&
Apr
Feb
675
Gas
Oil
Feb
Jan
13
Jun
—.*
100
;
14
8%
18%
73/4
Paper common
from official sales, lists
of Prices
Sale Price
Apr
Funds
Week's
Par
preferred
113
105 %
12%
273/4
3 %
143/4
Jan
140
/
preferred
Feb
376
18%
High
;
1
&
Jan
4,001
18%
152
10% May
Feb
25
Canadian
Ajax
Range Since January 1
12%
common
Paper class A-
Jun
24
25
16
9%
8% Mar
1.75
1,974
Toronto Stock
Astoria Quebec Mines
Bathurst
Jan
Jun
100
7 %
Low
7
23%
Corp
Jun
100
Acme
Shares
-
.■
Jun
16
.
11%
657
183/4
100
/V-
High
13
—
17 '/a
82
Jan
6
323
42
157a
Jan
3,180
30
Jan
Jun
Jan
9%
51
14
10 %
Jan
14-
62
695
I
May
8% May
6% Jan
6
Apr
Banks—
Abitibi
for Week
of Prices
Low
*
_
243/4
30
100
Apr
Sales
Week's
Shoe common
Agnew-Surpass
Feb
13 74
*
,
Preferred
6%
Last
Acme
24
69
Jun
Funds
Friday
7
6
69
7c
18 both inclusive, compiled from official sales lists
*
Jan
*
Jun
Montreal Stock Exchange
Sale Price
4
25
10
2%
Jun
60
93/a
10
Feb
17 %
1,995
157a
9%
25%
2,810
82
15
48 %
Jan
46
87a
8%
Last
Par
/:
24
24
Jan
Jan
10
988
232
;
6
10
40
22%
50
102
167a
6
Jun
850
46%
24%
25
common
STOCKS—
/
8,177
100
*
Mar
33
Jan
9%
preferred
12
Apr
Jan
11%
100
100
Apr
11
167a
16
33%
36%
45%
18%
Feb
26
24
2%
Jun
/
22
25
45%
14
Jun
27'%
25
24%
8Va
:.*
Jan
875
4>v va •
uz
10V4
Jun
24%
150
11
39%
u
Jun
8%
125
120% Mar
3,488
:
Jan
93/4
32%
11
po
32 'A
26
125
Jan
Jan
6%
494
125
26
8
5%
1,798
87a
8
8V2
9'A
30
93/a
9
9%
25;.
974
....
Feb
253/4
13
7c
1,060
23%
STOCKS—
Jun
11%
Corp
Jun
3.40
.
15 %
37%
Friday
12 to June
Jan
36
36 y4
June IS to June 18-both Inclusive, compiled
June
12
Jan
; 23%
Canadian
Mar
Jun
-
*
v
32
Jun
10ft
3.65
Feb
*
1.60 May
7c
—*
Ltd
27
23
11%
25
■
Royalite Oil Company Limited
Jun
1,240
30 34
Feb
14%
14%
100
4c
103
18%
Apr
4,000
Jun
Jan
101
80c
2%c
15%
98 'A
30
100
29%
'Jan
12
1,855
23
Jan
%c
9.85
157a
15
23
68c
1.33
Jan
Jan
Apr
1.10
5
Jun
13
Apr
600
May
Feb
Jun
1.33
7
10
45c
1.52 May
Jan
70
105
1.02
25
43A
65
Jun
13
6.65
500
May
13
Jan
7c
108
12 %
Jan
1.35
Jan
90
6.50 Jun
1.35
94
."-i
May
900
73c
15 %
—*
...
Electric
96%
Jan
10% Mar
•
.
preferred
Cotton
Winnipeg
Mar
8
4%
100
common
—
Brothers
Tooke
86
82
Canada com—*
Power
Canada
70
7,647
8.90
*
common.
common
Canada
967a
150
«
50
Paper preferred
Williams of
H
Southern
90
670
1__*
Shawinigan Water & Power
Sherwin
Jan
7%
1,377
*
Corp common
preferred
A
79
•
3,396
100
•
___*
_
Lawrence
St
Jun
174
395
107a
113/8
38c
1,000
,
1.30
7c
—
.
common
Knitting common...
Paper common
Regent
Rolland
Jan
Jun
Jan
10%
14%
—*
100
—*
—:
Power
preferred
Quebec Power
Tuckett Tobacco
Jun
Feb
Ltd
153/4
320
.*
.
Rwys
Co
Feb
1.771
*
common
Corp of Canada
&
Jun
7
Jan
3
14%
205
90
•
Aircraft
Light Heat &
Bros
Apr
73/4 Mar
11
1,850
6.75
73c
Apr
Apr
Apr
2.15 May
150
98%c 98%c
'•'.v
2.06
Jan
200
43c
1.22
Apr
Jun
78c
42c
1.82
Jan
Jan
Jun
6.50 May
5.20
Jan
90c
2.00
6.75
1.35
Feb
Jan
11 %c
4c
42c
Apr
-
57c
Jan
May
7c
78c
4e
6c
63'Ac May
2.00
—1.00
Sunloch
200
9%C
2.70
—
Ltd.——_.1.00
Sullivan
80c
8c
8c
Pato Cons Gold
(Quebec)
8,100
97c
92c
92c
1
Mines Ltd—
Feb
9,050
6.00
-
Dredging Ltd..
1.00
Perron Gold Mines Ltd—
—•—1-00
Pioneer Gold Mines of B C———
1
Red Crest Gold Mines Ltd——
*
Sherritt-Gordon Mines Ltd..
1.00
3c
500
lc
3c
2%C
'
—
Nickel—_____—
Feb
2%c
lc
2%c
2%c
lC
:
Price
520
Jun
1.45
84
*
*
Corp
Products
and
Ottawa / Electric
Ottawa
800
Car
7
8%
/
Jan
!'i 5% Jan
73/4
25
—
Steel
Feb
75c
85
125
90
ICO
•
common
National
6
Mar
77a
100
_*
'
common
17
Jan
27,700
Co.
Breweries
Jan
105% May
81
63/4
29%
•
Tramways
Paint
National
97
Jan
Jun
Jun
6 3/4
100
preferred
Light Heat & Power Cons
Montreal
Jun
.
Jun
8%
100
7
*
Oil
Cottons
5%
337
1574
9.70
*
—3
.25
•
A)
Candy
McColl-Frontenac
Murphy
150
(John
preferred
Ltd
Legare
Jun
473/4 May
Jun
7
*
common.
Ltd
Sons
&
Jun
6%
142
106% 1067a
15V*
•
Jun
22%
3c
9 'A
7%
:*
Lake
20
Feb
10%
Jan
7%
Co Ltd
International
Jan
19c
Corp. Ltd
155
Jan
5%
7:
common..
International Petroleum
Apr
,
Feb
Apr
8'/a
12
106'A
Canada com..*
of
Apr
89
55%
125
152
Apr
100
[_A* ]■
______
Jun
20
A
Jan
10
967a
13
100
pfd
Corp
Jun
15%
/.;
Jun
120
3,100
89
♦
*
—5
*
Bronze.
9%
75c
43
Apr
16%
.25
of
16%
5
75/e
303/4
Jan
13%
9%
10
...*
common—5
Ltd
18%
20
43
33 %
Jan
11%
73/4
6%
*
Jan
Jan
/" 7
Jan
24%
80c
15%
15%
_*
—
A
Jan
5
6
26
40
7%
7%
7%
*
common
Jan
100
May
755
79
80c
-100
——.100
common
,
Tobacco
Jan
28
Jan
Bay Mining
OH
Jan
'/
9'/a
!79
»
—
4'A
75c
46%
180
76%
common
Preferred
Hudson
18% May
22%
6%
Jan
154
9%
*
Hollinger Gold Mines
Howard Smith Paper
International
Feb
3c
Co
154
9%
*
—
Bridge
Industrial
75c
46%;
....
22
125
9'/a
27% Mar
75
Apr
28/8 Mar
80
125
100
(Charles)
Jun
5%
14 %C
Oil
15%
*
Wares
Imperial
14%
Jun
45%
Jan
Apr
Preferred
Jun
16%
3c
Home
Steel
Imperial
98
133/4
9'/a Jan
373/4
Mar
common
Preferred
75c
150
19
15c
Mines
29
15%
—_1.0Q
preferred
5 'A %
12
385
6%
•
Gold
33%
29
Products
153A
15
{/v/A/AA
Sigma
Power
Gatineau
Jan
22%
46%
—-
Ltd common
Aldermac Copper
Siscoe
32%
29
■*
Power
Ontario
33'/a
Canada—
of
Co
Jun
18
75c
Walker-Gooderham & Worts Ltd. com.
Gold
28
•
Jun
5%
Jan
Jan
10
626
965
6%
Ltd
Power Corp 6%
N C part 2nd pfd—.50
Provincial Transport Co—
—
Reliance Grain Co Ltd preferred—
Sarnia Bridge Co., Ltd. A__
Southern Canada Power 6% pfd
10
Beaufor
277a
28
*
Heating
Jan
3%
11
20
18%
18%
Aviation
Mines—
&
Foundation
Jun
1.00
Apr
15c
50
100
100
'•'V
preferred
—.
Corporation Ltd—.
Thrift Stores
250
19%
100
cum
cum
Moore
25
15
15
pfd—100
Melchers Distilleries Ltd. preferred-.10
Mitchell, Robert Co Ltd
Mtl Refrig & Storage vot trust.....
Noorduvn
,
18%
Apr
35c'
„
277a
.
McColl-Frontenac Oil 6%
$3
1.00
Jan
12%
200
8
610
300
6
Hamilton
917
153/4
995
96
Gypsum. Lime & Alabastme
18%
18%
447a
25
Jun
12%
73/»
•
■
12%
43
Jun
123/4 May
3,524
Jun
80
15%
,7%
"V:/;
12%
43
Jun
Jun
Feb
7%
874
Jun
18
125
18
17%
-*
*
————*
Maritime Teleg and Tel Co Ltd—...10
Massey-Harris Co Ltd 5% pfd
100
"A"
6,859
97a
common
International Nickel
Maple Leaf Milling common..
1
12
Apr
26
993/4
63'8
Jun
15
1174
Jan
Jan
12
7%
434
Jun
15
--
5%
700
997a
23%
18
60c
5%
33/i
1.770
57a
73/4
Jan
233A
12
Jan
33/4 Jan
5%
99%
Jan
33/8
Jan
5
60c
May
Jan
10
60c
*
Paper Co
&
Power
MacLaren
12
35
19%
18
33%
100
A
Electrolux Corp.—
General
570
18
18
Feb
139
•
5 %
23%
5
;
*
pfd—20
"A".
*
1
Power..
1.00
' '
—
Paper &
173/8
25
common—_*
;
Gurd
23/4
970
;
Jan
Jun
190
31
425
21% Mar
50
53/4 /
18
|
'V
cum
_v—
Lake St John
.J.*m
18%
'
Hillcrest
'
917
4>/4
23%
5/4
Companies Ltd common—
Fraser
4
5%
14
Apr
343/4
Jan
Feb
•
Jun
14
Feb
12
230
29
23%
4%
23%
*
•
Ltd
10
30%
Jan
Jun
27
11%
*
—
—
Textile
Dominion
Jun
6%
33A Mar
1,540
12%
27
1
Candy Shops..
Farmer
Aircraft
27
5.00
Aircraft Limited
Fairchild
12%
273/4
315
25
Ltd—
Tar & Chemical
Preferred
Jun
28
Jan
185
28
5%
Apr
133
'
•
1.00
Jun
10 %
7% Jan
68
26
Eastern Dairies
31
.
&
Dryden Paper
50
15%
/
6%
20
Paper Co Ltd
Dominion
65c
2%
.
Apr
May
45c
12
610
24
100
Coal B
Stores
7,675
:
31
27%
Corp——..;—-
Steel
Feb
-
Apr
108
1,255
5
—100
Dominion
Dominion
3/4
1
Preferred
Jun
1,500
5
..
preferred..
6
1.00
.
6
i: Feb
34
Jan
Jun
12
ii'/a
•
..25
Glass common
May
3%
Jan
32
43/4
•
;
Dominion
15c
15%
Works Ltd.—
45c
Mar
23/8 Mar
May
3474
*
common
Coal
200
.
1.00
-
-j
.
Jun
Jun
38
106
138
307a
5'/a
8%
,.14% May
3074
32%
31
5
Co.
Seagrams
200
30c
_
15c
50
3,545
63/4
25c
6%
A—
3%
35c
23A
35c
2%
33/4
2% Mar
10
Jun
985
*
Seal
&
Dominion
East Kootenay
Fleet
Cork
Dominion Bridge
.
Fanny
Mining & Smelting
Glass
Consumers
100
170
.
24 %
Apr
Jan
'
Apr
62
Feb
5%
9
10
9%
293/4
*
Plow
Consolidated
Jun
44%
6%
Cockshutt
20
'155
•
*
—_—
Jun
67
12
138
*
Pacific Railway
73/4
44%
6%
Jun
34
s
103%!
Jan
25
Locomotive
10%
-// 62
■
class A
—.
—
Jan
2
690
93/4
9 %
„
Preferred
Donnacona
169
450
Linol Co Ltd—1
&
Canadian
157
62
Woollens——
Dominion
Jun
2%
—10
Ltd
Corp.
Engineering
Apr
19
1.00
Frere, Limitee A—
&
39%
Mar
157
Corp Ltd
Dominion
Jan
15 %
70c
———5.0
Paper
2734
2%
9%
B
15
30
*
Jan
31%
32%
97a
100
Canadian Industrial Alcohol
120
/
9%
•
Jun
*
108
;
12
25
common
7%
Canadian Foreign Investment com
18
18
108
12
Jun
8%
92
895
327a
32%
Jan
17
Jan
875
35%
15%
Mar
Feb
666
35
•
preferred
Celanese
87/8
13%
.
Jun
4%
81
237a
8
9
113/4
322
12%
•
Foundry common
participating
Preferred
Class
155
—
Class
Sec.
Div.
1C1 % 103%
5% May
Jan
13
5,715
87/a
pfd.—*
conv
'
'
Co Ltd
—
8 7a
100
—
Ltd
Canners
38%
373/4
•
Chateau-Gai Wines Ltd.
;
33/4 May
Jan
1.45
Jun
91
Jan
85
'
665
3% /;/
3%
•«'
City Gas & Electric Corp Ltd
Commercial Alcohols Ltd common—
Consolidated
70
91
91
common
Westinghouse
Canadian
90
2%
cumulative preferred
7%
Canadian
Jun
Canadian Car &
1,045
common—
preferred...—
cum
Canadian
19%
3%
Co
Paper Inv
&
Power
Jun
20
17% Mar
601
preferred
Preferred
22%
/,
10%
.
_
Dock Co Ltd—
Industries Ltd class B
Canadian
17% Mar
-——
Canadian Bronze common
Apr
7%
Canadian Dredge &
Canadian
>/
Jun
7%
Feb
183/4
18%
77a. pfd—10
Candn
Brew
common—
10
\
Preferred AA-a.--.-A/a-—/AAA——
Northern
Canada
5/4
10%
A—•
Sugar Co
Dominion
&
Ltd
Breweries
Bud
20
19
19
86
5%
10V2 Mar
Jan
80
75
6%
Jan
9%
163
10 y*
10%
63/4
British
Canada
'"J
A-V-'
85
33/4
25
530
Jun
Jan
5%
8
17
778."
*
50
;
Class A
Power
325
High
27
Jan
2
15
.
23%
7,280
32
23'/a
1,000
:
8
*
15%
6%
American
...
11
L.
British
.—100
103 %
26
—10
Vancouver
Jun
1.80
Jan
65c
Cement common
Preferred
Canada
4
16%
8'/a
Bulolo Gold Dredging
100
15'. :
■;
*
—5
•
Building Products class A—...
32
Corp Ltd——
Power
Belding-Corticelli Limited
High
,
8
Low
•;
27
3%
3%
Mills——I———III— ~H—*
Bruck Silk
15,450
*
.
Low
1.75 '
*
British Columbia Power Class A
place
T*
*
'
'
i
Range Since January 1
High
1.20
Range Since January 1
High
27
14%
Paper class B——
Power &
Bathurst
1.60
common.
*
i
100
preferred..-——100
& Paper
6%
7%
Low
,Pie
for Week
Shares
Range
v
Sale Price
STOCKS—
Shares
,v
Sales
-Friday^.:;';-Week's
••
for Week
of Prices
Funds
both Inclusive, compiled from official sales lists
12 to June 18
June
Sales
Range
Friday
Sale Price
STOCKS—
84 %c
c
Jun
4.40 May
4c
Jun
Apr
Jun
Mar
12 %c
Jun
2.25
Jun
18 %c
Jun
63Ac Jun
Monday, June 21, 1943
2338
CANADIAN MARKETS
Friday
Low
Par
■
of
of
Bread
Barkers
Metals
Base
Class
Bell
Feb
160
May
International
Jan
•259
Mar
International Utilities
21
29
Jun
26
135
lie
21,200
12%
45
43C
88.950
10c
1.32
113,559
25
1
■'% 40c
—1
Ltd—
1.07
1.07
17%
•'-*
B
...
Bidgood Kirkland Gold
10%
717
30C 34 %C
50
1
preferred————
Ribbon
Bobjo Mines Ltd
1
Mines, Ltd
-*
Cordage preferred..™—25
Mines
Gold
Bonetal
Bralorne
Packers Ltd
Columbia
Columbia Power
British
Dominion
Oil
Mines, Ltd
Broulan Porcupine
Oil
Brown
Corp
Gold
Buffalo
Canadian
Canada Cement
Preferred
Lamaque Gold
35c
Jun
Lang & Sons Ltd
Mar
9%c Jan
25
6'A
Jan
9
40
29%
Jan
38
8c
Jan
12c
16c
•500
9 %c
Jan
19 %c
Apr
Gold
Mines,
35
6.05
5.90
6.05
-60c
59c
61c
70c
58c
15'A
13%
4.75
4.85
;*
.14
13%
14
1
l
Mines—'
4'Ac
4c
4%c
3
1
1
9.85
Apr
Jun
27 %
25
2814
13,389
14%
28'A
21 %
22
964
Little Long Lac Gold Mines Ltd
Loblaw Groceterias class A
Jun
21
'
—
Jan
Class B
Macassa
•
L.
17%
Jan
22'A
Jun
19
20
85
17%
Apr
20
Jun
MacLeod-CocKshutt Gold Mines.
27
27
10
23%
Jan
27%
Jun
Madsen
38
35%
39
61,400
19%
Jan
40
Jun
Malartic
51c
51c
53c
260
Feb
21%'
Canada
2.25
7%c
Mar
62c
Apr
Manitoba
5,500
4%c Jan
13c
Feb
Maple
Jan
1.60
2.030
3'Ac Jan
2*65 Apr
9c
8'Ac
22,000
14%
15
327
13
Mar
15%
23%
23%
85
23
May
24
10%
10%
35
1.50
7c
23%
;
20
19%
20
3.10
3.15
1.74
10,625
15
8
2,939
103
67
1,52
_•
* 8
a
i
7
101
103
.
'
Feb
1.15
13,900
32c
102
9%
Jan
Jan
21c
Jun
102
class
Foundry
B___
Permanent
Can
Canada
4'A Jan
Jan
Maralgo
Mortgage
1.75
McDougall-Segur
8
Jun
Mclntyre
103
Jun
Porcupine
McKenzie
Mines—
15%
16%
5%c
9%
19%
5%c
9%
19% .19%
.8%
100
•
,
Preferred
Canadian
91
Jun
McWatters
143
148
25
Jan
150
Jun
Mercury Mills Ltd—
12%
12%
13%
35
35'A
61
61
25
V
514
5'A
130
-
Preferred
Canadian
Moneta Porcupine Mines—
Mar
Montreal
Jan
6
Jun
Moorfr
Jan
*
3%
3%
3%
620
——*
37%
37%
38
180
*
8%
8%
9%
750
21%
21%
80
11%
12%
9'A
9%
685
7% Mar
29%
30
285
27% Mai
12
•
common
34
33'A
137%
138
35
5%
5%
5%
Oil
Canadian
Pacific
Co
26
24%
26
22
23%
ll'/a
11%
85c
85c
775
1.14
1.17
:. 2,045
8c
9c
2,500
4
665
—
1
—
1
8%
Chateau Gai Wines
*
3%
Research
1
Gold
Mines
Central
Pat
Central
Porcupine
l.
1
Mines
27%
9,281
85c
25
3%
22c
2,500
Chesterville Larder Lake Gold Mines—1
1.37
1.26
1.39
*
2.30
2.30
2.30
50
.1
95c
92c
95c
9,200
12%
12'A
13
665
24c
24c
1,000
1.00
1.00
1.05
700
Canada—13'A
a2%
Corp Ltd
Willans
Cochenour
Cockshutt
Mines
Commonwealth
Petroleum
Mines
—:—*
—
._.*
—
Consolidated
Bakeries
Consolidated
Smelting
Davies
Ltd—
Mines
Corp—Seagrams common
.*
Bank
Dominion Coal
Steel
Dominion
class B.
East
1.00
2% Mar
10%c Jan
5%
75c
Jan
98c
Mar
Jan
13%
Jun
A 20c
Jan
27c
Feb
85c
Jan
9%
9%
Jan
37%
Jan
1,200
50c
May
10c
Jan
4%c
6,500
3%c Mar
33%
405
25%
Jan
24%
305
18%
Jan
166
30
142%
Jan
1.20 Mar
13%
Jun
45 % Mar
130'A
25
1.05
Gold
Photo
Apr
Preston
East
Dome
33%
Apr
Riverside Silk Mills Ltd——
25'A
Apr
Roche
Jun
Royal Bank of Canada
Mining
Royalite
Oil
697
8%
Jun
San
99
99
65
Jun
Sand
7,943
Jun
Senator Rouyn,
17c
113,250
9,125
94c
9,210
*
-
24
24
24
.,
185
14% May
4'Ac Jan
17c
1.09
80c
23
Mar
Sherritt-Gordon
Silverwoods
32% Mar
3%
Jun
5%
Feb
10
4%
Jan
6
Feb
•
1
——1
4.25
4.00
24
23
24
525
Mar
I 4.25 Jun
124
Jun
4%C
5c
11,500
2%c
Jan
5%c Jun
5%
5%
200
3%
Jan
75c
75c
100
3.10
Jan
6'A
Jun
■
Mines
6
,
Jan
"58c
Jan
4
Apr
Jun
Jan
1.72
8
Jan
2.25 Mar
Gold
South
End
75c
Jun
1.00 May
1,321
19%
Jan
23'A May
18c
9%
10%
195
8
,—100
93%
90
93 %
90
77
Jan
—*
13 'A
11%
13'A
3,150
8
Feb
6,500
3c
Jan
lc
May
4'Ac Jun
12 %c Jan
29'Ac Mar
Petroleum
Sturgeon
Standard Paving &
Preferred
May
Feb
Mar
10%
Jun
Standard
93'A
Jun
Steel
13'A
Jun
4c
May
Radio
1.86 Jan
3.25 Apr
-3c
3c
3,000
2%c Jan
4%c Mar
1,900
18c Mar
16'A Mar
85c
Jan
31c May
19% Jun
1.05 Mar
26c
of
Co
Canada
70
95c
200
101
12,616
6.75
245
10
10
70
*8%
.9
207
10
11
130,
,100 102%
.
145
May
6c
Jan
Feb
1.03
5.75 Jan
9% Jun
8
Mar
3% Jan
86% Jan
Apr
6.85 Jun
10
Apr
Jun
9
■
11
Jun
102% Jun
45'Ac Apr
43c
3.385
39c
37c
4,200
29c * Jan
45c
2%c
9,500
8c
47,000
1'AcMar
3'Ac Jan
3'ec Jan
8c
Jun
19
Jun
19
19
2%
970
9%
9%
100
4%
4%
.5
350
67%
68%
10
25
2%
105
—
2%
*
175
7c
7c
...
■
Jan
36c
42c
__
.
Jan
Jan
2'Ac
42%c
—
25
———
67c
95c 98'Ac
68
;
2c
6.75
95c
common
Preferred
19%
95c
.
28c
18%
26c
95c
*
——
Jun
4'Ac Feb
142
Jan
25% Apr
17%, Jun
■;
3c
*
...
Jan
7.574
18%
*
com
—
.
3.00
——*
Materials
—
459
132% May
21'A Jan
2.90
1
Chemical Co.——^
Standard
32c
3%c Apr
35
2.95
.
1
Co..
3,500
140
Jun
Jan
Apr
15
—17'-'v:j;.36c
—
25
4'Ac
53c
9%c
9'/«c
25
152
.
;
25
4c
..
.
10
1 V
Mines—
22
May
60
common J
Mines—
V 2c
6,000
•
Mines—■.
57,000
4%c
—.1
Gold
31c
Jan
6'Ac Jan
540
4c
4c
'
__
50c
Mines
21,092
9c
165
-.100 /
Lake
_*
——
—
Power
___
Malartic
Slave
3.400
28c
Jun
May
Jun
25
17%
1
&
Dairies.
Gold
Siscoe
Sladen
28c
*
2.15
65c
10%
91 Vic
Apr
17
—1
Preferred
23%
common
Feb
1.25 Jan
52c
23
Preferredv —„x.—8%
23
23%
1.90
•
,165
Simpsons Ltd class B———11
26c
•
Jan
Jun
1.28 May
140
.
.
1
Ltd
Sigma
46
Ltd.—,
Mining
Water
Jun
4
21
1.05
13%
12
15,450
53c
24%
24
-
—I
Sheep Creek Gold Mines———-
Jan
6%
1,025
River Gold
Jun
6%
•
....
Antonio Gold Mines
1.20
3%
4.25
2.10
Jan
23c
Mar
Jun
81c
60
9c
;
140
common.—.—10
Anthony Gold Mines—.
Shawinigan
—'
-
100
100
1.45
6%
•
17'Ac May
3,950
'
Feb
Jun
92c
Apr
4%c Feb
Jan
2c
,
535
85c
7%
43c
1
;
...
Preferred
Feb
25
.*
Mines.:
—
Industries
Russell
/:
Apr
May
50
3%c
,
,
—
3%c
1
—
Long Lac Gold
8'A
1.36
13
2.05
53c
—*
——...
Mines
Gold
71,;
i 72
6%
,
2.08
1
Quemont
10c
-13
81c
:
1
Queenston Gold Mines—
Reno
Jan
3,560
7%
81c
1
Mines—
Feb
7%
Jan
Inc..:
Apr
St
4c
35,695
79c
Apr
9c
45%c
Jun
Jun
2%
70.000
21c
10%
9'A
8% Jan
2%c
19c
9%
841
105
Jan
,
Mining Co—.v.i—1
Metals of America
9%
3,000
57c
Corp of Canada-^——
Premier Gold
9
8c
2,250
1,800
9%
13
82c
77c
4%c May
8,465
Power
4
Jan
59c
Jun
6%
22c
.2.00
Jun
5%
1,600
59c
Jun
6'Ac
26,000
Jun
Jun
May
28c
Jun
ll'Ac Jan
Apr
2%c
*
90c
72
8'Ac Jan
6%c May
80c
„
1.30
Apr
Jan
2%
May
May
Jun
' 50c
Jan
1.70 Jun
48'A Apr
8'Ac Feb
4c Mar
1.04 Feb
2.00 Mar
Mar
6c
1.90
Pressed
Feb
Jan
Jan
45c
.
2.06
10%
12%
1.00
61c
100
v.
Jan
2% Jan
74c May
1.25 Jun
38
190,250
1
16%
13
.
62,782
8c
3%
1
26%
6%
28c
8c
3%
Pioneer Gold Mines of B C—*
Jan
6%c
16%c
—
4%c
100
2,200
Powell
Jan
Jan
35c
1.05
40
3'Ac
800
65c
Jan
Jan
280
9
58
Mar
6
38
6,580
8'A Mar
90%
270
1.200
158
11%
6% Jan
.
15,500
5c
2%c Feb
Feb
| 8'A Jun
Jan
180 Feb
Jan ' : ( 40c May
Jan
1
27
Jan
44% Jan
48
May
1,500
1,360
■
150
20%
Jan
>
84c
20c
23c
166
-
1
1
"
4
1.22
28c
24%
13
.675
1,415
155
Jun
Feb
Jan
1
585
5%
1
Ltd.———
Rouyn Gold Mines
99c
Mar
1.25
82c
ElectrotypersMines
L
Gold
Pickle-Crow
Apr
Jan
45c
•
Engravers &
975
!
Ltd—
Mines.
Gold
Mines
a';,,70 V
a
Mines
Malartic
Partanen
26
91c
Wares
Steel
Porcupine
9%
—_*
preferred
General
Pamour
Feb
56
7c
75c
1
Mar
11c
Feb
•
18c
804
i, 5,800
5,875
310
497.
7,000
5%c
•
LtdL—
Paymaster Cons Mines Ltd
11,500
1.30
class A
Co
Jun
May
Oils
Perron
1.05
15 %c
Mines
Power
Pacific Petroleums
Jan
.95c
16c
Ltd—
Gold
Francoeur
Gatineau
47c
Pacalta
Apr
Jun
Feb
15
*
Canada
3%
Ltd
Apr
9%
Fleury-Bissell Ltd common.....——*
of
1.34
11c
5%c Junv;;H\:
47
1,000
22.630
900
__
Jan
Jun
Jun
Jun
Jun
Jan
3c
8%c
-V
.*
•
Jun
5%c
9%
19%
8%
100
Apr
1.20
,25c
___1
^—
1.35
21
94c
Federal Kirkland Mining
Co
Orange Crush preferred-
May
17.
5c
1.40
1
1
Ontario
85c
2.65
10
1.31
Falconbridge Nickel Mines
Fanny Farmer Candy Shops
Ford
Omega Gold Mines..—
Nickel ———"
12% May
92%
*
Jun
11c
97c
1.40
Ltd——
Oils
Jan
l'Ac May
5-%c
—
Apr
500
3c
80c
7
9%
Jan
2%c Mar
5% Jan
14% Jam
6 \ Jain
893
92c
•
1
*
———1
Apr
23
*
—
Aircraft
2.15
Jan
1
Equitable Life Insurance—.
Fleet
Jun
i
common...
Jan
65c
123
———1
Mines
English Electric class A——
Class B
Jan
7%c Jan
51
1
Oil—
Gold
Jan
5%c
:
93c
Apr
Jan
2,600
46%
5%c
>
■
•
:
2%c
16,000
41c
1.64
41c
.
Jan
83c
's
8%
58
1.64
45%
Apr
2.09 Feb
%c
]0%
.
Apr
4%
4%
..
20
826
60c
Ltd
Mines.—
24%
„
com..*
Worsteds
Co
Malartic Mines
Eldorado
23 %
7% Feb
1,055
20
Crest
Eastern
Okalta
32
—___100
—
Mining
Jun
Oil
Gold
1
,__1
—
Corp
Empire Mines—
Star
9%
Chemical common.^.*
Preferred
Duquesne
Northern
24%
*
Woollens &
Dominion
Jun
-I
41c
1.25
Jan,
10,405
276
-
52."
45%
i
Mining
8%
1.64
.*
Mines —
Normetal
26
8%
—.j———1
5
—
Oil
Nordon
>Norgold
•
Stores
Preferred
35
26
129
:
Apr
Apr
North
44%
15
Jun
10
30%
y
C 46%
—.
Noranda Mines
O'Brien
166
—
166
25
Foundries & Steel com
Dominion
1.84 Apr
22
'
1.65
75
500
,
^>
.i
8%
170
33c
26%
47%
276
.«•
.
93c
7%
.155
32c
—
47%
.
l%c
100
—
Negus Mines
-Nipissing Mines
2u
preferred
Dominion
Dominion Tar &
120
12'A
Apr
Jun
May
—
33c *
*
,
>
6%c,
;.160:,
1''
National Steel Car——"
Jun
24%
33 %
_•
100
Mines
>
9%
22
&
Natl Grocers common—
Jun
20c 22 %c
i
20c
1
Distillers
Dome
—
Canada
Light Heat
Class B
\
5%
4c
*
Nickel
Dominion
129
*
Denison
'
39
Jan
15
54c
>
Mar
3% May
Jan
10
•
140
Jun
138%
128
43% :
43%
—_*
Petroleum
13%
Jan
86%
Feb
23
5
—100
Imperial Mills.
Aircraft Corp
Cub
of
(Toronto)
Consumers Gas
Cosmos
20 %C
Co
Plow
Coniaurum
Gold
Jun
Jan
3%
14,450
Chromium M & S
Chemical
Jan
133
356
11%
—:
common
Jan
Jan
10%
430
Rv
Castle-Trethewey Mines
6%
19
375
Canadian Locomotive Co Ltd
Jan
Jan
28
300
138
"A"—*
class
1.35
740
100
Canadian
2%
129
Alcohol
x*.
May
65
259
...
Industrial
Corp common-———.—
of
38
136
25
Celanese
Preferred
Can.
-^*
Corp
14'A
Jan
135
;
—
Power.
Mining
Jan
Jan
.
14c l4'Ac
-v
8% ^,.
—*
8%
136
preferred
:
—
Convertible preferred——
Canadian Car
Jun
20
Jun
3.40 Apr
1.51 Mar
5,625
2,463
1,496
372
100
-
l%c
—
..!
*
—4—
i
59
Jan
20
*
& F'dry Co Ltd com——*
1st
Mines.——
31%
66
common
Gold
280
65
3—.
Canners
Jan
70c
285,
6%c
l%c
•—r-'^s
/McVittie Graham Mines.
790
.
'
—
86%
common
39% May
..
.
,8%
JB
90c
'
i
-
124
83
Preferred
5%
Jan
85
Breweries
•
of
Apr
2.30
13,150
2,500
8%'c 8'Ac
53% .54%
90c
Mines——————1
Jun
Feb
79%
Commerce——100
Bank
Gold
McLellan
26
36 %
40
,————100
—;
Canadian
Canadian
.1—*
Jun
17
100
90
*
common
30
26
38 %
.
99
>.
„
.
4%c
8%
—
—5
i //
Mines.—
Lake
Red
15%
6%
:
Exploration————*
"
Jan
92
6%
8%
-.100
Preferred
Jun
6%
r
8
——•
McColl Frontenac Oll commoh
Jun
Jun
8
20
—
143
;—-—1—50
Bakeries
Canadian
Apr
Apr
Mar
Feb
Juri
Jun
85c Mar
1.00 Jan
Jun
18
,
14,400
1%
•
common—
103
1%
•'
;
;___.*
—
26
common—*
Cable class A—
Jan
67c
19%
5,240
1.10
preferred—j—10
90
100
—:
—
Wire &
Jan
lc
826
1.82
1.08
1.80
*
Mines Ltd——
Massey-Harris
1
Preferred
1.07
1.76
1
—
common—
38%
,
:_1—_•
Steamship Lines
Preferred
Canada
——*
————*
Ltd.*
9%
200
...
1.80
1.70
1.76;
;
:1
_1
Mines
Mines—1
Eastern
Leaf Gardens
Preferred
Jun
11% Mar
35c
&
Gold
Fields—
Maple Leaf Milling
May
1
•
Gold
46c
2.40
Lake
Red
7,950
9%c 11 %c
1—100
Packers
150
22
3.10
•
Canada
16
5.30
14%
9'Ac
11%
3%c
Jan
Jan
13% Mar
3%c Jun
250r
16,300
May
'
27c
Canada Malting Co Ltd
3.65
60'Ac Jan
*
Ltd
May
10'A
4,800
6,350
1
.I—
—
Mines,
40c
6,199
1,500
21,300
"
21%.
.
6.50 May
70c
Feb
75c
Feb
Jan
84c82'Ac
72c74%c
82c
Ltd
12
Jan
55c
11. 11%
2%c 3'Ac
.3c
Mines.
Jan
Jan
4.75
6,700
31,100
15%
4.85
%c
10
..8,090
.
75c
1
*
_1
;
Ltd
Candy.._
Gold
Leitch
1,500
12
20% Jun
10'A Jun
21%cMar
2c
Feb
13c,'Jan
1,578
l'Ac
_1
—
Low
12
.
Mines Ltd.—
Lebel Oro
Mar
—_i
Mines
Cadillac Gold
Laura Secord
Jun
Mines
High
Jan
6
l'Ac
__
'
*
Lake Gold Mining,—
Shore
Lapa
Mar
102
—_;
Lake
Anr
12,000
8
_—.100
common
Lake Dufault Mines Ltd..
Jun
154
40
r
——-—-—-—1
class A~_—
Bread
Apr
10'A
Jan
25%
.
Canada
19
Jun
7.40 Jan
1st
Calmont Oils Ltd
Feb
10
140%
23% Jan
-—*
preferred-.——*
2nd preferred
—*
Calgary & Edmonton Corp Ltd—
*
Linen
15
25
20
Products Ltd
Caldwell
Kirkland
•425
Gold Mines..—*
Building
Jun
9.75
*
Ankerite
1.35
25 %
1
-*
—
Mines
Buffalo
Apr
25
—
*
—•
class A
70c
9.70
-/V
*
_—*
Oil
American
British
British
Ken-Addison
17
305
'
Brazilian Traction Light & Pwr com—*
British
Jun
16c
—
—
Brantford
49'Ac
3,100
10%
18'Ac 18'Ac
—
Mines———1
Canada
20%
9%
__
1
of
Gold
Jan
10c
8
,
Mines
Consolidated
M
Kelvinator
Range Since January 1
High
19%
—
.
—*
A
Shares
Low
•
class
Feb
9c
39
Jason
J
11'Ac Feb
Petroleum-
15
Mar
38
Biltmore Hats Ltd——————8
Blue
Apr
12
218,600
154
33c
Feb
8 %c
95
154
—
100
1
Telephone of Canada
17%
10
150
*
class A
Beatty Bros Ltd
150
227
39c
Radium
&
Exploration
Beattie Gold Mines
6
Sales
for Week
of Prices
Par
3,431
10c
.
Sale Price
High
252
12%
\
Paper Co class A—*
&
Low
High
250
252
50
—*
preferred
Mining
Bathurst Power
Bear
—100
Scotia
Nova
STOCKS—
Range Since January 1
158 158%
100
Montreal
Bank
Bank
Last
Shares
of Prices
Week's
Range
Friday
for Week
Range
Sale Price
Listed and Unlisted
-
Sales
Week's
Last
STOCKS—
-
76
2.17
2.40
3%
3%
12% 12%c
Jan
7
125,900
5
1,500
Jun
10
Jan
4'A May
59% Jan
66
Jan
3
1.10 Jan
30
75 /:
—
Mar
Jan
,,
Jun
5
73
76%
Jun
Apr
Apr
'
Mines Ltd
Lake
God's
4c
•
4c
3c
Glenora
3%C
2%C
3%c
7,900
21c
Lake-Porcupine Gold Mines—1
Gold Mines Ltd.——.—
1
Gillies
20c
22c
9.401
12c
lie
Steep Rock Iron Mines—
Coal
River Gold
Sterling
1,500
10c
Apr
13 %c
Feb
Sudbury Basin
1
2%c
3c
2,000
2c
May
3'Ac
Feb
Sullivan
——1
4'Ac
6'Ac
38,000
3c
Jan
6%c
Feb
Svlvanite
Goodyear Tire & Rubber of Can com..*
82%
82%
83
120
Jan
85
Mines———.1
v t c
—__*
2%c
2%c
2,000
Jun
2'Ac
4%
4%
5
680
19
20
555
Goldale Mines Ltd—
Gold
Mines
Eagle
Golden
———1
....
Mining
Gate
Graham Bousquet Gold
Lakes
Great
vtc
Preferred
Common
Paper com
*
„
Grull
—_—*
'
3%
3%
20
19
20%
160
&
Lime
Halcrow
Swayze
Mines
Hamilton
Harding
Hard
Harker
Hinde
Jan
7'Ac Mar
Jan
17c
5
Jan
3c
Apr
Ltd
•;
Hudson
Hunts
Oil
Gold
Howey
&
class
Imperial
Bank
Imperial
.
—
Union Gas
3.55 May
United Corp
6%
7%
1,160
4%
Jan
4%
3%c
.
500
53c
5,400
3%c
3,200
8.50
Jan
3.35
3.55
8.795
2.65
Jan
4c
3.35
v
—
175
4'Ac
12,500
21c 22 %c
5,850
29%
22 %c
30%
1,510
12%
12'A
50
174% 175%
60
14%
14%
4,633
11%
11%
327
Coke.._——.1
&
International Milling
Nickel
footnotes
see
35
95
135
preferred——100
115
115
35
2339.
*
36%
36%
11%
10
28 %c
14 'A
page
7%
6,000
30c
14
common
26%
157
26c
95
37
1,464
Mar
3c
Apr
17'Ac Jan
4,600
28 %c
A—1..
14
30c
*
common
Preferred
International
29c
..100
Coal
Apr
85
2,045
•
—.
Metal
2c
15
ordinary——.——5
Mining & Develop Co—-1
International
May
Mar
10
...——.100
i—
International
3
40c
5
J...*
____*
A
Oil—
For
7'Ac Jun
Jan
9.60
Imperial Tobacco
Inspiration
Feb
2.50
14%
1
*
Twin
4c
350
49c
1
Gas__
Mines
Jun
1,700
41,700
4'/8
2.93
105
106
70c
28
52%
5
Jan
Jan
8
Jun
4'A Jun
58c
City
Class B
United
Transit
Rapid
class A
Fuel
Class B
class
J!
Feb
United Steel
Jun
Upper Canada Mines Ltd
Apr
Ventures, Ltd.
3.70
Jun
Vermilata
5'Ac
Feb
Vulcan
32% Mar
16% Mar
Oils
Jun
Wendigo
Western
15%
Jun
12%
Feb
Mar
35c
Feb
Ltd.j—
&
Worts
Gold
Westons
Canada
Ltd
Flour
Jun
30c
Jun
16
Apr
Wiltsev-Coghlan
99
Mar
Jan
115
Apr
33
Jan
39%
Apr
Electric common
Wright-Hargreaves
Mines
5%
.
1.35
5.75
27c
1,590
114,920
;
■
1.849
98,350
i 26c
„
•
26c
500
4.60
4.75
7,870
65%
56,'A
,
22
May
.7% Jan
32% Jan
3% Jan
4%
—
*
Jan
95c
Jan
4.40 Jan
9%c Jan
20c
270
47
Jan
21
300
19
Jan
21c
21c
1,500
19c
Jan
7
7%
265
3
Jan
85
90
1,315
15
14%
15
645
40
12
94
Jan
Feb
Jan
—100
„
100% 100%
15
3,500
6%
2%c
7%
53
59
486
3.30
3.40
3,815
1
2%c
2c
♦
6%
•
__
3.35
1,384
v
Jun
Jun
Jun
Feb
Jun
Apr
.
6.25
29c
36c
4.95
56%
21
Jun
Feb
Mar
May
May
24c
.
Mar ■.;
20%
37
5
6
May
Feb
Jun
Jun
1.35 Jun
May
,
3.40 Jan
90
—*
100
Preferred
5%
75
18c
74c
10'A
8%
24
14%
Jan
May
Apr
6% Apr
6
Jan
_.*
—
Mines
285
4,182
75c
Jun
30
Mar
52% Jun
100
common
Preferred.—
Jan
145
5
26c
4.60
20%
common
Jan
34%
5
1.26
5.60
•
s
55%
1
—
10%
Winnipeg
•
—"
Preferred
•
1.32
cqm__—*
Mines Ltd-:
90
112%
-
Preferred
175%
Jan
Mines,
-
t.*
5.65;
126'Ac
1
Ltd—
Walker-Gooderham
Jan
Mar
-
,
__
5%
•
1
—
Oils
Walte-Amulet
—
,-A.
100
615
33
14%
24
12%,.. 14%
„
10
8
24
^ 8
50
9,200
79,200
100
10
7%
—
•
v
3.20 Apr
,106
Jun
68
10c
35c
7
•-
17c
74c
—-———25
3%c
75
14c
62c
^*
A——
16
75
v
14c
69c
common—.*
—
11%
22'Ac Jun
^ 75
*
————*
—
.
52%
1
Co of Canada
—
Jan
28
__
Apr
1.95 Jun
12% May
61c
Jan
23'A Jan
50% Jan
900
10
*
82c
10'A Jan
;
1.85 Jan
100
Mar
100
70c
„
Corp—,—100
7c
7c
3.10
*
2.88
—
Towagmac Exploration Co
Transcontinental Resources
6%C
—_*
Paper Co
Bay Mining & Smelting
Ltd
'
Trusts
Jun
3.10
—*
2.90
1
:—'——_———50
General
Toronto
45
2,980
-100
2.40 Jun
4% Feb
13c May
2.10 Mar
Jan
Mar
Jan
Jan
65c
Jan
1.38 Jan
5,300
2,020
12%
—
7%
5c
1
...
Mines
Feb
72c
1.81
12%
common—-
—
5%c
1
—
Oil
Homestead
Toronto
Jun
2'Ac
Hollinger Consolidated Gold Mines
Home
Jun
11 %c
1
Dauch
3%
20%
1,000
Gold
&
Jun
4,400
Ltd.—
Gold
3%
16% May
4c
Ltd
Carpets
Teck-Hughes Gold Mines
1.51
3
10c
1 46
1,825
1,92
71c
1.75
—
—
12%
Tip Top Tailors preferred-—
Toburn Gold Mines—,.—
15c
1.90
1.90
1
-1
Jan
Jun
Jun
Elevators
.
1——*
common
20
Preferred
—
12'Ac
1
Ltd—
Feb
4c
875
Ltd
Tamblyn
.
—•
;
Ltd
Mines.
14%
6%
7
Gold
5
14c
1
Bridge Co
Rock
May
Mines
Mines
Cons
2.32
•
-100
1
Mines
May
*
-1
Alabastine—
Mines
Halliwell Gold Mines
Hallnor
2c
3
.1
Ltd—A,
Mines
Gold
62
Mines..—..—*
Gold
Wihksne
Gypsum
—
————*
...—
Preferred
Gunnar
__
-
—
Mar
8
91
15
101
Jun
Jun
May
May
l%c May
3% Apr
3%c Feb
7% Jun
Jan
59'A Jun
2.50 Jan
4.20 Apr
20
THE COMMERCIAL
Number 4187
157
Volume
& FINANCIAL CHRONICLE
2339
Friday
......
Toronto Stock
Last
Exchange-Curb Section
Par
Funds
Canadian
Canadian
June
I:i
to June
inclusive, compiled from official sales lists
both
18
Last
Par
Beath &
Silk
Bruck
9
Range Since January 1
Low
High
9
8
8
10 %
8%
45
Foothills
Jun
Oil
9Va
Feb
V
Dalhousie
9
Apr
6
335
8
6 J/a
1.000
10 %
—_—
Ltd--.
Feb
Osisko
10Tb May
6% Jan
v
Press
2%
1.50
1.50
200
Jan
1.80
Feb
4%
5%
4,418
3
Jan
5%
Jun
6
6
10
3
Mar
6
Jun
29c
Jun
Low
85c
225
High
3 Vn Mav
Jan
Oil
8% Apr
Oil
•
Selections
«
—
Mines
*'■ ''
*_
*
Mines
Oreille
Pcnd
35c
47c
Jan
47c
29%
29
29%
25
25%
Jan
30
1.34
1.50
4,400
78c
Jan
57'ac
6c
9,000
27/8C
Jan
7
Jun
9c
16c
19,000
7%c
Apr
19c
Jan
1.90
Jun
8%C
Jun
...
*
1
Metals*
&
*
14c
:
i
'
*
12,600
.
•
1.75
1.77
1,250
1.05
7%c
6,968
5 Vic
Apr
1.75
Jan
5%C
"
5%c
..
_
—
1
.*_***
Teniiskaming Mining Co
1.20
1.37
*
_
Lake
—
Co..
Gas
Ltd
5
<1
A
*
Ltd..
Co
&
"
.5
.
class
Dominion Bridge Co
High
6% Mar
5
**_*
Breweries Ltd—
Vinegars
t
Copper Co
Consolidated Paper Corp
*
.*—„
Canada Bud
Canada
*
class A—
Ltd
Son
Low
Coast
Consolidated
Shares
of Prices
Sale Price
STOCKS—
■
Range Since January 1
High
2%
'
for Week
Range
.
j
Shares
Low
1
_
Sales
for Week
of Prices
'
Sales
Week's
Friday
Marconi
Week's
Range
Sale Price
STOCKS—
Jan
Jun
"
■
OVER-THE-COUNTER MARKETS
Quotations for Friday June 18
Insurance
Investing Companies
Bid
Par
Par
Ask
Bid
Ask
134
in
1
7.32
1%
Affiliated Fund Inc
3.31
3.62
Holding Corp
AAmerex
Foreign
B-2
B-3—
Scries
B-4
Series
Series
K-2
i
73 %;:v .76%
19.60
9.31
17.12
16.62
K-l
14.27
m
22%
24%
5
19 V'8
Series S-l
Shares
Industry
Fund
Boston
Fund
5
Co Inc
1
Ltd*
12.56
16%
11.03
S-4—4.34
*
Knickerbocker
Fund
Fund
Loomis Sayles Sec Fund
17.62
28.41
4.82
6.22
6.87
90.75
38.02
4
10
10
American
v
57%
60 %
*10
14%
55%
58
2%
•
7%
38.80
25
15.97
3.05
27.63
1
Century Shares Trust
Fund
Chemical
9.93
1 nn
com—100 2,450
—100
140
Securities
Christiana
Preferred
Consol Investment Trust
Mutual
Nation-Wide
mod__
Series ACC
& Forster
ACrum
A
Crum
--
86 Va
X595
2
26%
28 %
32 Va
34 %
45%
48 %
91%
New
York
*5
15%
16%
.—*2.50
23 3 a
25%
2914
111
4.80
,
*100
Cumulative Trust Shares——•
preferred
A7%
New
3114
.
1
*
20.39
18.86
3.50
5.40
6.10
25c
—
1.21
1.33
Dividend Shares
—-.1
19.47
11.67
84%
General Reinsurance Corp
7.43
Gibraltar Fire
,4.32
4.79
series
5.92
18.83
17.48
•
1.80
8;
1.97
5.52
Inc.
12.17
13.12
9.6I
9.65
3.60 ;'
10
Shares A—1
6.26
10.40
11.43
8.50
9.35
6.78
7:46
8.67
9.53
equipment
7.65
stock—*10.18
11.19
7.87
—*——.
*****
—
10.20
*
B
"
'
—-•
-
Capital Corp
General
31.38
•
1
General Investors Trust—
33.74
5.38
4.99
Group Securities—
4
6,41
5.63
shares
Aviation
Building shares
7.05
6.20
7.03
Agricultural shares
Automobile shares*:.——*—
5.93
Electrical Equipment-**
Food shares
5
49%
52%
187a
20%
Glens Falls Fire
5
41%
Globe & Republic
Plymouth Fund Inc
Putnam (Geo) Fund—
Hartford
5.70
47c
6.07
14.18
Republic Invest Fund
1
3.58
RR
shares
Equipment shares
Income
x88.40
5
4.47
3.68
Income
Foundation
Fund
Inc
'
Common
6.10
Incorporated Investors—*
•
Institutional
,
Securities
/*..
of
14.07
14.97
83.40
Brooklyn
ASeries
1
D
2.31
1
2.22
*
Oil
Continental Bank & Trust
Corn
Shares—
22.42
1
5.76
1
*
11.92
12.20
Bid
Class
B
100.7
;
1943
,
3s
18.49
100
—
;
7.14
7.80
A
34%
-
V Bid
Ask
1,410 ; 1,450
Par
First National of N Y
100
National City*****—*—12%
33%
35%
17%
x31%
337a
Public National*—*
Companies
10
-100
25
13%
1,385
28%
31%
common
20
42%
45%
20
100
52'A
196
25
83%
*
82%
54%
206
86 %
Irving
Kings County*
Lawyers
;
Manufacturers
Preferred
(J P)
94%
98 V4
44
461/4
Morgan
16%
»
17%
New York
69Va
65'/a
14%
*._■
■./■
k
5%
Title Guarantee & Trust——12
175
289
& Co
46%
44 Va
„
Ask
Bid
Par
4874
367
297
United
5%
>,■;
100
States
1,205
1,250
1.60
15.91
17.50
Investment Banking
&
AFirst
Boston
1%
—10
17va
2%
tDec
%
100.16
100.18
%%
100.14
100.16
%
100.28
15,
%%
%%
1%%
%%
1944.
,
99.31
1944
1945
15,
1945
tDec. 15,
—
1945
15,
Certificates
Int. Rate
1
%
1%%
1946
1
tVaS Aug 1.
1943
100.17
99.20
99.22
100.20
b0.42
0.37%
1944.
0.68%
b0.72
0.70%
b0.72
1
t%s May
0.61%
b0.7O
JTaS Apr
0.55%
b0.63
100.23
100.15
Ask
100.
b0.57
100.1
100.21
Bid
99.30
1C0.18
Indebtedness—■
of
100.30
1944.
tMar
*1
Co
100.14
1946—
tMar 15,
100.13
1
1944.
Mar 15,
Corporations
Maturity—
100.6
1 Va %
1943.
15,
15,
Ask
100.5
%
1
,
Mar 15,
tSept.
Bid
Int. Rate
1943
15,
15,
Sep
Dec
1
represent one or more 32ds of a point
Figures after decimal point
Maturity—
14%
*
Corp
0.70%
19
United Stales Treasury Bills
—
b0.75
0.60%
15/8s Jan. 3,
June
1944—
July 3, 1943 at 100 V2—
100.16
„
3
103%
105
100.1
100.2
July 21,
100.6
100.8
July
100.16
0.30%
b0.37
0.32%
b0.37
0.32%
b0.37
0.32%
1943—
.**-_Aug. 12, 1943—:—--———
Aug. 19, 1943
—
Aug. 26, 1943
Sept. 2, 1943
Sept. 9. 1943—:
b0.37
July 14, 1943—
15. 1944
0.28%
bC.37
1942—
July 7, 1943—
July 15, 1943
tlVa%
Bid
b0.37
1942
23,
June 30,
purchase
Ask
0.32%
Sept.
Aug.
Treasury bills—
,
quoted are fo-r discount at
Bid
Ask
4,
Ask
0.33%
0.34%
0.34 %
0.34%
0.35%
0.35%
100.19
—Apr
1943-
28,
1943.
16,
1943
0.35%
Housing Authority—
Feb
notes
1,1944
10312
103
U
104 J
104%
.
■
Other
Issues
•No
104
U S Conversion
3s
1946
106Va
106V2
U S
Conversion
3s
1947
108Va
103%
1961
128 %
130
Jan.
1,
1956-1946**——
1057a
106 /*
3s
May
1,
1956-1946
106%
1Q6 |S
—
Rates
Bid
Reconstruction Finance Corp—
•
3s
78
31%
Quotations For U. S. Treasury Notes
20.21
C
Wellington Fund
100.9
103%
—
1955-1945——
1955-1945
54
74
2.50
2.50
Westchester Fire
78%
100
25.06
B
1% %
3 Vis
37%
52
82c
73c
22.92
B
U
1946-1944
1964-1944
35%
4
41c
25c
Ask
Federal Land Bank Bonds—
4s
65 %
503
-10
3—2
46
355
—*—*.—.*..50
Guaranty
Series
tl%
4s
493
100
Travelers
6.30
_25c
*
Federal Natl Mtge Assn—
Banks—
1,
62%
Trusteed Amer Bank Shs—
Trusteed Industry Shares
Call
Oct.
10
24.36
Feb 15, 1945
%s
Standard Accident
Ask
Bid
Exchange Bank & Trust_20
Fulton
ASeries A
1.23
Commodity Credit Corp—
Loan
20
—10
10
Chemical Bank & Trust
Empire
Stand
Trustee
89c
10
^
Home
204
2.32
Obligations Of Governmental Agencies
Federal
194
100
13.40
1
11% %
131%
New York Trust
Jun
2.48
1.12
Investors Fund C
100
Commercial National*—*
100
10
21.00
81c
America
20%
37%
Bank of New York
1
C
ABlair
Co
19%
35%
Co
Bankers
..
12.22
Insurance Group shares
Investment
10
Manhattan
"6.75
Ltd—
Ayiation Group shares**
Bank Group shares
127%
Ask
Bid
,
National——-—13.55
of
Sep
4'/''.v
of N Y.
Jersey Insurance
Central Hanover
ASeries
1.53
19.73
2.19
5
v
41%
25
.
Insur Co of North
77.62
.
U S El Lt & Pwr Shares
>
Independence Trust Shares
38%
37%
Springfield Fire & Marine
83%
.20
35%
4.07
Investment Corp—**4
St
Super Corp of Amer AA
29c
1.40
10c
81%
51%
4974
4.03
17c
1
America—10
303
10
10
317a
17%
10.18
Series
Holding Corp
157a
Par
Shares
United Bond Fund series A_:
A Huron
30 Va
10
Fire
90.18
9.33
1
Amer Shares
Selected
•
2%
1
Selected
4.73
4.05
.
shares
Utility
4.60
4.29
shares
Tobacco
46 %
293
Paul Fire & Marine—..62%
Security New Haven
Seaboard Surety
3.38
4.17
Steel shares—
26%
3.93
Scudder, Stevens & Clark
Fund, Inc.:
ASeries B
Railroad
6 Va
27%
24%
6.82
6.68
3.05
shares—
Petroleum
102%
•
52c
13.19
10c
1
6.26
5.63
5%
25%
2
10
10
(NY)_*
Corp
Republic
(Texas)
(Paul) Fire
Revere
2.24
6.18
6.27
5.11
;
98
43 %
Home
Homestead
Bank
2.61
:
lOo
6.93
5.69
Price Shares*
Low
Merchandise shares
Mining shares
27%
Par
7.51
6.30
*
37%
New York Bank Stocks
Trustee Stand Invest Shs—
Investing
257a
Inspect.-IQ
2.67
Spencer Trask Fund
6.83
bond shares—*
General
30%
10
Fire
Hartford Steamboiler
28%
10
393A
Inc Shares
Quarterly
State
5.42
34%
2.11
1
i
6.67
9.68
15%
*.10
Providence-Washington
St
10
9
5
American
Great
?-/:■/*
1
Series 1958
7.31
4.92
*
:> 13%
44%
5
&
7.73
8.81
;-**:
92%
5
—
,6.53
•
—*
6.06
—
47%
89%
>7.63
1
1953
Series
Sovereign Investors
Chemical shares
45%
10
5.21
6.93
.
North Amer-Bond; Trust ctfs—-
6.65
.n;
105
10
11.21
4.72
Series 1956
23.06
5.53
21.04
4.63
4.25
2
Invest Inc.*
Fundamental Trust Shares A—2
25
Indemnity Co
31 Va
Marine——10
Chase
Fundamental
Fire
7.08
-
'•>North: AmerTruet shares*.
4.15
101
8.66
6.43
5%
105
**—.12.50
—
8.42
Series 1955
Fixed Trust Shares A
10.56
5.68
**,
Railroad
6.17
13
29 Va
Hanover
Oils
Fidelity Fund Inc.,
;
Financial Industrial Fund,
First Mutual Trust Fund
7.26
Railroad, equipment—.***-—
Steel .*_*—
*
****—**
:■
11%
5
Fire
6.52
stock—
Machinery
■
Newark**.——*5
of
Firemen's
Franklin
Inc—
'Metals
x29.10 ' 31.29
3114
32'a
Equitable Invest Corp (Mass).fl
Equity Corp $3 conv pfd——1
1.37
4%
5
Northeastern
Northern
Preferred Accident
6.58
1
—
20 Va
Reinsurance
priced bond series
Insurance
12.53
Trust
80%
20%
Fireman's Fd of San Fran*—10
Chemical
20.91
Fund——1
Foundation
Phoenix
3.45
Bank
-
.
4
Fund
Pacific
70
6.75
Electrical
Stock
44%
11.75
Building supply
—
& Howard-
Balanced
40%
10.66
Aviation
1
2.50
C
Eaton
Pacific
m
9.91
10.75
Automobile
Diversified Trustee Shares—
D
37%
39%
3.06
New York Stocks
Fire*.
River*..***.**;
37%
series
Agriculture
Fund
Delaware
22%
North
5
25c
England Fund
Casualty**
620
18%
Preferred stock series
—10
shares
B
8%
189
184
20
10
35%
priced stock common*—
Low
7%
2
;
10
A
7.30
Income
3114
2914
118
100
63%
Fire
Amsterdam
in
National Security Series—
Low
8%
61%
Hampshire Fire
in
1
Bond
7%
10
New
New
4.62
3.40
1.25
6.75
voting shares
76%
51%
8%
21.97
•
National Investors Corp
Insurance—
Forster
&
ACommcn
—.
2.71
common—.10
preferred—.
8%
2.71
1
.
2.26
1
mod
AA
Series
2.26
1
Accumulative series..;
2.39
1
6
73
Y——.4
N
*
Union
.8.84
Securities—
series B shares
Fire
Liberty
8.04
4.20
1
Inc
Mfrs
National
20.43
10
Fund
2d
Fund
Invest
(Md)
1
AA
Series
Trust
Investors
Mass
(Colo)
Corporate Trust Shares
&
60
Investors
Mass
4.91
3714
4.52
3514
1
1
Commonwealth Invest.*
Merch
1
Maryland Fund Inc
10.75
2,550
9%
48%
5
Assur*
National Fire
10c
**—-.-*.—*.**100
Common
3.70
29.70
Fire
5%.
*1
12 %
New Brunswick***
American
Manhattan Bond Fund Inc—
Canadian Xnv Fund' Ltd-.;——1
Ask
16%
*25
Reserve.
American
92.60
*.
Loomls Sayles Mut
Casualty
Massachusetts Bonding—
National
13.82
10.01
S-3
Series
4%
26.47
24.13
—
S-2
Series
314
16.39
x26.28
14.57
5
Inc
Broad Street Invest
Bullock
314
4
3.76
.——5
10
prefex*red
A6%
Basic
.
Series
,•
*1
ACommon
,
20%
2%
American
*
Bankers Nat Investing—
Maryland
Merchant
18.35
<*
._
34%
10.22
15.63
14.02
6%
33
8%
—5
56
in
28.51
17,87
*
53 %
Bid
Par
Knickerbocker
145
in
32.87
25.97
*
6%
2
—1
Stand
Assoc
Scries
Series
13.27
12.92
Investing_10c
Oil Shares
Axe-Houghton Fund Inc
29.96
B-l
3.58
3.27
1
Series
2314
22
10
American Business Shares
American
Keystone Custodian Funds-
7.96
Aeronautical Securities
Companies
Ask
Bid
Par
Panama Canal 3s
r
h
bonds
nar
value.
not
calp
are
«
furnished
by
Odd
lot
sales,
price, d Deferred delivery, r Canadian market
x-Ex-dividend. y Ex-rights, tin default.
tThese
II Name changed to Sinclair Oil Corp. AQuotations not
b Yield
included in range for year.
subject to all
Federal taxes.
sponsor or
issuer.
.
THE COMMERCIAL &
2340
FINANCIAL CHRONICLE
Monday, June 21, 1943
Week
THE COURSE OF BANK CLEARINGS
Fifth Federal Reserve District-—Richmond—
this week show an increase "compared with a year ago. Prelim¬
inary figures compiled by us, based upon telegraphic advices from the chief cities of
the country, indicate that for the week ended Saturday, June 19, clearings from all
cities of the United States from which it is possible to obtain weekly clearings will
be 22.4% above those for the corresponding week last year.
Our preliminary total
West
Richmond—
South
there is
:
•
Week Ending June 19
York—
1943
$4,403,215,755
'-/■
—--.i.-
1942
34,912,742
244,295,149
220,010,346
+15.8
507,000,000
454,000,000
+11.7
262,538,432
136,011,545
130,600,000
187,392,000
" +10.5
163,426,314
Kansas City—
"
.
148,300,000
*
4.2
36,125,050
28,247,272
207,791,972
153,090,780
7.9
+
+19.4
+
1,229,304
78,034,575
210,445,000
212,437,567
Cleveland
194,653,799
186,520,523
+
133,654,478
113,587,149
i
—
$6,673,721,352
Other cities five days—————V 1,318,448,755
$5,247,266,326
20,593,107
82,900,000
65,500,000
2,141,767
1,488,757
+
0.2/
—
1,304,709
1,081,809
'5.1
+
1,811,144
1,037,391
25,762,000
18,936,000
25,667,647
31,736,083
+ 41.5
38,027,273
+
36,195,633
4,430,391
5.1
30,607,753
5,123,517
+ 15.6
3,145,992
—
214,162
158,995
+ 34.7
147,944
2,034,754
160,132
...
76,849,691
64,668,042
+ 18.8
52,606,518
39,807,927
328,929,768
272,277,987
+ 20.8
230,967,842
'179,544,221
—.
Mobile-
+1T.7
4,502,554
26,977,056
+ 23.0
5,726,537
44,904,061
;
Alabama—Birmingham-.
;
+27.2
—
Baltimore
—
+12.3
5,927,626
+12.1
95,500,000
2,136,932
Macon
34,9
30,231,782
2,565,328
Augusta
Florida—Jacksonville
+13.6
Ban Francisco—
225,390,918
Ten cities, five days
—
1,260,848,830
+
Mississippi—Vicksburg—
5.8
Louisiana—New Orleans
4.4
Total
(10 Cities)—
—
4.6
All cities, one day
..
1,598,434,021
$6,508,115,156
+22.8
Grand Rapids
1,328,207,901
+20.3
$7,836,323,057
Total att cities for week—.$9,590,604,128
: +22.4
'
>:
In the elaborate detailed statement,
however, which
we
5.6
2,550,166
+
9.7
27,776,000
+ 29.5
2,931,786
7,932,940
—15.9
6,767,392
5,687,799
27,635,875
13.8
25,246,033
26,778,597
+
2,005,912
1,745,517
+14.9
12,325,606
+ 11.0
5,742,985
+ 18.7
676,284
741,621
436,135,092
415,956,965
;1,605,194
1,651,077
6,103,235
5,228,577
;
...
Peoria
Rockford
For that week there was an increase of 24.8%, the aggregate of
ended June 12.
+
2,825,134
13,685,977
+„,.
■
Decatur^.,u—+—
the final and complete results for the week previous—the week
able to give
2,955,475
28,011,000
6,819,382
Des Moines
Illinois—Bloomington
Chicago^—
present further below
466,929
6,667,725
Sioux City__
Accordingly, in the above the last day of the week in all cases has to be estimated.
1,418,235
f
31,437,748
Iowa—Cedar Rapids
•
the Saturday figures are not available at time of going to press.
3,395,483
2,678,050
+,■ + 539,629
3,658,233
;
Terre Haute
ends Saturday and
4,208,045
2,583,826
1.3
3,119,162
Bend
Wisconsin—Milwaukee—
Complete and exact details for the week covered by the foregoing will appear
in our issue of next week.
We cannot furnish them today, in as much as the week
+ 23.0
+ 17.4
—
30,738,000
Indianapolis
South
588,663
3,944,472
3,032.711
Indiana—Fort Wayne
♦Estimated.
581,204
4,852,429
•,
Lansing,
•
■
Seventh Federal Reserve District—Chicago-"*
Michigan—Ann Arbori——.Uii+W
$7,992,170,107
Total all cities, five days.
are
3,005,000
42,023,366
33,884,828
Georgia—Atlanta
+ 20.2
Pittsburgh-
we
551,263
4,050,000
48,849,001 i
1,930,910
115,992,133
1.2
117,500,000
:Nashvillej—i...
+37.0
354,601,059
*290,000,000
Chicago
PhiladelphiaBoston
_
844,878
4.7
+
+11.0
2,090,800
119,072,97*7
36,379,354
Tennessee-—KnoxVille—7,723,976
%
$3,214,016,700
410,588,439;
—
St. Louis
1,006,712
142,147,562
—
"
Sixth Federal Reserve District—Atlanta—
Clearings—Returns by Telegraph
New
57,196,115.
2,255,651
(6 Cities)
1940
1941
$
<,
0.4
5,731,000
56,512,038
+
12
•
,
1,002,544
•' 5,998,000
rm
Carolina—Charleston
Total
for the week follows:
mary
rr
—
Maryland—Baltimore
District pf Columbia—Washington—,
$9,590,604,128, against $7,836,323,057 for the same week in 1942. At this
a gain for the week ended Friday of 37.0%.
Our comparative sum¬
at
center
Virginia—'Huntington L
Virginia—Norfolk
June
Inc. or
; Dec. %
$
Bank clearings
stands
Ended
.1942
2,452,011
i
—
Springfield—
9,137,763
•>.
3,725,915
560,546
•
422,578,620
335,527,059
1,160,196
?
1,256,579s.
5,393,936
2,002,794 +
16.7
+ 14.7
4,179,558
1,761,124"
:
8.8
1,935,337
1,404,977
6.0
523,590,197
422,463,531
+ 27.3
2,364,001
.
1,291,489 f
>
724,534
.
2.8
+
2,138,575
2,155,800
—
1,459,606 .<+
4,507,683.
4.9
+
1,889,152
11,034,007
8.8
—
—
•1,838,709
22,240,000
.
—
clearings for the whole country having amounted to $8,400,579,736, against $6,731,Total
Outside of this city there was an increase of 30.3%,
having recorded a gain of 24.7%. We group the
156,883 in the same week in 1942.
the bank clearings at this centre
555,726,099
Missouri—St. Louis
169,800,000
133,400,000
121,900,000
96,800.000
62,442,197
55,209,183
+ 13.1
50,459,730
37,666,464
Tennessee—Memphis—
Illinois—Quincy
34,562,075
+ 15.6
31,177,801
20,851,584
1,063,000
29,885,666
1,197,000
—11.2
1,005,000
750,000
267,867,272
219,691,849
+21.9
204,542,531
156,068,048
—12.7
Total
(4 cities)
Ninth Federal Reserve District—Minneapolis-—+
Minnesota—Duluth
6,400,337
St.
we
by Federal Reserve Districts:
a summary
94,293,891
+ 30.7
86,100,528
5,553,781
77,785,157
45,064,405
38,145,802
+ 18.1
35,374,499
28,151,639
3,035,695
2,765,805
2,583,681
2,505,506
1,281,221
1,286,910
1,052,300
4,311,239
940,449
3,464,687
184,441,904
Paul—
North
furnish
7,331,937
123,236,707
Minneapolis
District of 32.4% and the San Francisco Reserve Dis¬
Dakota—Fargo__
South
following
Dakota—Aberdeen
Montana—Billings
Helena
SUMMARY
2d
New
12
-u—
York
12
—i.
3d
Cleveland
6th
10
Philadelphia
Ith
Richmond
7
6
.
10
7th
6th
0tli
Minneapolis
4
7
10
Hth Dallas
4,487,297,000
"
$
$
•;
Total
•
8.3
+
311,982,240
•1
3,711,363,939
416,785,555
2,794,075,916
+ 14.2
482,196,298
+ 14.2
408,084,155
318,122,957
244,295,149
II
+ 24.1
524,343,025
550,782,869
If
3,615,287,845
598,770,902
<
M
220,010,346
+ 11.0
153,090,780
+ 20.8
207,791,972
230,967,842
328,929,768
272,277,987
555,726,099
•
II
267,867,272
184,441,904
+! .i#v++
<l
524,372,309
219,691,849.
.
148,229,481
206,192,862
281,572,505
ll
111
—
427,832,695
179,544,221
6.0
523,590,197
422,463,531
+21.9
204,542,531
156,068,048
+ 24.4
136,568,525
118,907,920
+ 36.6
164,839,545
137,452,081
+
,
126,480,565
95,531,757
+ 32.4
91,160,272
77,803,539
426,736,913
375,300,979
+ 13.7
314,633,735
247,064,971
8,400,579,736
6,731,156,883
+ 24.8
6,772,310,558
5,244,040,461
3,115,869,038
+ 30.3
3,326,465,411
Outside New York City.
370,268,762
+ 46.1
365,811,758
267,359,911
(7 cities)
+
6,813,823
11.9
0.4
947,774
11.9
1,076,517
830,385
+ 24,4
3,671,753
3,192,770
148,229,481
+24.4
136,568,575
118,907,920
—
+
888,682
.
Tenth Federal Reserve District—Kansas City—
Nebraska—Fremont
122,226
+ 51.6
179,668
+ 39.5
181,178
142,464
4,373,527
70,701,379
Lincoln
Omaha—
3,752,322
+16.6
3,017,184
4,020,329
37,721,165
30,746,578
52,758,865
+ 34.0
2,280,423
4,773,774
189,737,999
5,400,741
135,719,077
4,531,225
1,113,506
840,839
1,167,367
281,572,505
Wichita—
206,192,862
2,792,351
—1
6,126,125
Missouri—Kansas City
Joseph
Colorado—Colorado Springs
118,022
+ 22.4
Kansas—Topeka——
St.
:
185,335
250,703
-
Hastings
89,082
2,383,574
+ 28.3
-
2,123,502
4,438,284
2,894,316
+ 39.8
111,650,135
92,845,298
+ 19.2
3,635,906
3,182,678
4.6
732,302
646,816
7.4
961,796
761,018
+36.6
164,839,545
137,452,081
—
2,673,708,561
540,788,202
II
cities
-
231,333,028
4,060,839,409
6
—
10
Total
320,000,132
1940
1941
Inc. or
Dec. %
$
347,678,790
cities
17
Chicago
St, Louis
CLEARINGS
1942
$
Federal Reserve Districts
Boston
BANK
1943
12
Ended June
Week
j.v
1st
OF
+
Kentucky—Louisville
of 6.0%, in the St. Louis Reserve District of 21.9% and in the Minneapolis Reserve
District of 24.4%.
The Kansas City Reserve District has to its credit an expansion
In the
524,372,309
Eighth Federal Reserve District—St. Louis—<
the Federal Reserve Districts in which they are located, and from
this it appears that in the New York District (including this city) the totals record
an improvement of 24.1%, in the Boston Reserve District of 8.3% and in the Phila¬
delphia Reserve District of 14.2%.
In the Cleveland Reserve District the totals are
larger by 14.2%, in the Richmond Reserve District by 11.0% and in the Atlanta
Reserve District by 20.8%.
In the Chicago Reserve District the totals show a gain
cities according to
of 36.6%, the Dallas Reserve
trict of 13.7%.
1
(17 cities)
.
Pueblo
Total
(10 cities)
907,915
—
Eleventh Federal Reserve District—Dallas—
32 cities
Canada
Texas—Austin
now
add
detailed statement showing the figures for each city for the
our
2,865,128
2,182,203
+ 31.3
2,132,643
1,651,823
102,900,435
73,977,641
11,057,474
2,445,000
+ 39.1
71,424,520
62,538,000
+ 10.1
9,199,153
7,268,063
—.
Dallas
We
;
_
Fort Worth
12,173,128
Galveston
week ended June 12 for
four years:
Wichita
Week
Ended
1942
$
Clearings at—
June
2,495,000
Falls
1,325,828
Inc. or
1941
4,782,420
$
$
126,480,565
3,283,000
+
2,076,000
+ 24.3
1,125,419
961,849
1.3
3,995,537
3,309,804
95,531,757
+32.4
91,160,272
77,803,539
+14.6
56,680,856
—
1940
Dec. %
2.0
+
1,067,019
4,721,046
Louisiana—Shreveport
12
Total
(6 cities)—
First Federal Reserve Distrfct- -Boston—
829,206
Maine—Bangor
811,534
4,338,441
3,739,604
296,721,487
270,587,178
Fall River.
971,436
1,008,087
Lowell—————
395,036
493,284
Portland.
Massachusetts—Boston.
,.
New
'
—
■
—
Worcester.
1,127,864
4,112,525
3,935,353
2,748,377
Bedford
Springfield
2,777,548
909,714
14,496,140
.Connecticut—Hartford
12,366,618
5,677,303
5,737,229
Rhode Island—Providence—.
15,747,400
17,134,400
Hampshire—Manchester.
513,575
507,583
347,678,790
320,000,132
New
New
Haven—
596,914
Twelfth Federal Reserve District—San Fi
+
2.2
+
16.0
2,533,662
2,011,210
+
9.7
263,588,297
3.6
863,558
222,840,691
720,018
—19.9
484,804
432,573
Utah—Salt Lake
California—Long Beach
—
822,019
+ 24.0
824,292
790,031
4.5
4,024,265
2,643,222
2,085,935
+
—
+ 17.2
15,071,431
5,526,032
10,775,780
1.0
8.1
14,992,600
+
1.2
678,058
12,757,900
506,597
+
8.3
311,982,240
—
—
4,428,345
231,^33,028
4,980,905
;
'
—29.9
1,356,753
+ 32.3
17,210,503
-
Elmira
1,470,201
51,800,000
+
5.6
44,700,000
36,200,000
1,179,567
+
1.8
909,368
991,700
+
6.8
1,133,613
1,082,364
4,339,740,327
3,480,678,173
9,869,146
+ 24.7
3,571,670,071
+ 11.7
10,867,793
6,844,927
5,547,455
+ 23.4
6,010,431
4,745,329
8,304,256
6,396,791
+ 29.8
6,000,472
4,232,613
Jersey—Montclair.
336,834
1,501,860
—77.6
471,956
387,658
Newark-.---—
23,550,578
21,046,060
+ 18.9
22,545,937
15,307,177
Northern New Jersey.
33,762,633
27,812,947
+ 21.4
28,373,594
17,729,320
York——
■—
''•Rochester—.—
Syracuse.
New
Total
4,487,297,000
(12 cities)—.
Third Federal Reserve
50,764,440
38.233,136
21,488,053
7,933,625
+ 25.7
19,059,566
15,872,825
9,572,713
+ 24.1
442,311
757,079
Grand
(10 Cities)
Total
1,374,550
2,465,403
375,300,979
+13.7
314,633,735
247,064,971
6,731,156,883
+ 24.8
6,772,310,558
4,060,839,409
3,115,869,038
+
30.3
3,326,465,411
5,244,040,461
2,673,708,561
Week
Canada-
1943
v.
$
1942
127,508,082
98,917,583
Winnipeg—
Vancouver————.
+ 18.0
74,881,802
76,706,575
39,978,531.
92,401,368
•+31.9-
93,573,499
42,293,262
27,242,338
19,212,866
+ 41.8
16,678,304
115,422,547
52,595,705
+ 119.5
Quebec
6,091,798
4,776,808
+ 27.5
69,365,261
4,549,734
+ 13.9
3,328,352
4.4
6,356,636
12,611,914
24,411,882.
3,764,364'
:
2,650,591
5,408,798
3,711,363,939
2,794,075,916
4,320,476
3,794,194
5,990,503
6,267,200
Calgary..
7,702,596
5,494,835
+ 40.2
6,347,270
3,770,882
St. John
2,903,145
2,702,755
1,872,581
+
7.4
1,926,259
2,004,293
2,226,441
+ 18.9
1,681,342
Halifax—
Hamilton——i
+
+ 16.3
—
+ 21.6
2,597,448
-3,157,906
375,802
468,463
Edmonton
7,388,147
5,390,696
Regina
6,10.9,489
4,339,725
430,323
574,685
1,506,359
646,165
+ 40.8
423,622
294,853
1,051,297
Brandon
534,110
1,155,904
Lethbridge
781,693
583,000,000
506,000,000
+
15.2
402,000,000
365,000,000
Reading--—-—
1,586,493
1,321,953
+
20.0
1,460,053
Scrantdn.
2,499,112
3,071,749
•"
1,276,695
—
2,107,272
'h 860,789
Saskatoon
Moose Jaw
—18.6
3,747,379
2,170,903
Brentford
1,213,823
+ 22.4
1,158,705
1,002,869
Fort William
1,936,823
1,850,967
+
4.6
1,565,907
1,525,641
New
4,672,700
7,922,900
4,162,800-
4,841,700
Medicine
■"<
—41.0
•
1,024,685
507,494
1,349,880
+ 33.2
+
■
5.4
877,257
275,635
754,799
+
Bherbrooke
1,302,238
843,592
.
+
755,248
560,784
545,478
716,981
+ 49.7
1,070,792
+ 54.4
Hat
;
725,141
1,147,910
447,715
921,308
—12.0
Peterborough
338,537
:
1,068,257
;-L-3.6:.;+
896,101
772,036
412,579
274,912
-
:
+ 39.9
971,820
863,551
Westminster
1,931,144
3,228,364
2,594,348
4,406,122
366,368
.
+ 24.1
+ 36.0
1,540,588
2,501,351 '
4,508,691
+ 37.1
"417,475
Jersey—Trenton-
$
$
Ottawa
1,381,150
New
.
37,776,727 ++97.9
74,772,041
1940
1941
or
Dec. %
108,049,153
130,516,377
10
June
Inc.
$
Montreal
5.2
1,485,775
Ended
Toronto
+
—
2,501,727
1,557,669
2,952,184
8,400,579,736
+ 26.6
Wilkes-Barre
3,290,107
19.3
+ 35.5
+
426,736,913
(111 cities)
+ 76.0
York—_
+ 10.2
3,370,658
561,671
—_—
136,882,000
1,463,493
3,510,166
430,037
Philadelphia
3,169,963
169,894,000
4,567,048
Jose
1,527,564
•
3,706,203
+14.7
Santa Barbara
San
711,034
Lancaster
3,754,721
—31.0
Stockton
1,607,388
Chester
5,431,755
3,375,878
194,362,000
3,184,839
1,226,977
London—
514,498
Bethlehem
+ 20.7
41,560,099
Victoria—
3,615,287,845
District—Philadelphia
Pennsylvania—Altoona
1,250,547
5.7
222,972^623
552,390
2,678,501,190
8,415,127
New
1,296,955
+
1,415,956
54,700,000
Connecticut—Stamford-
•
+ 21.7
64,056,611
21,935,301
11,021,593
—
Buffalo
Jamestown
■'
7,107,393
1,794,926 +
1,200,635
1,059,386
Binghamton
>
74,847,182
1,455,156
27,000,479
City
Outside New York—.
Second Federal Reserve District—New YorkNew York—Albany
1,770,266
San Francisco
Total
Total (12 cities)—
85,782,649
67,724,660
Yakima
Oregon—Portland
3,387,034
1.1
Washington—Seattle-.
311,288
180,335
702,256
542,483
'
Total
598,770,902
(10 cities).
524,343,025
+ 14.2
416,785,555
427,832,695
4,135,528
—12.4
3,332,012
2,364,031
District—Cleveland—
3.621,878
Cincinnati-
•
89,594,697
89,499,837
Cleveland.—
187,008,783
168,932,759
13,689,800
14,331,500
Columbus-
.
Mansfield————
Youngstown—
Pennsylvania—Pittsburgh—.
!,
Total (7 cities)
0.1
85,732,489
65,510,841
+ 10.7
151,682,158
112,631,788
+
4.5
14,183,800
2,003,149
2,137,348
6.3
3,737,208
251,127,354
3,588,625
+
4.1
2,243,309
3,889,775
1,673,180
2,975,918
199,572,701
+
25.8
147,010,612
121,394,299
550,782,869
482,196,298
+14.2
408,084,155
318,122,957
—
—
11,572,900
655,460
939,909
Kingston—
Chatham
1,330,519
1,154,992
3,409,832
480,151
+ 36.4
3,127,942
353,216
856,644
+ 19.1
814,153
655,022
728,890
+ 18.7
679,873
467,917
574,510
570,780
+
573,230
500,700
1,020,575
Moncton—
—.
.——
—
1,082,550
(32 cities)—
540,788,202
•Estimated
-
763,572
—
Sudbury
Total
;
655,198
—
Albert—1
Sarnia
787,933
1,128,892
865,063
;
Windsor
Prince
'
3,412,584
Kitchener
Fourth Federal Reserve
Ohio—Canton.
41.9
-
476,905
>
1,025,556
370,268,762
,
+ 15.2
+
0.1
-
;
0.7 +-
+ 60.1
+
5.6
+ 46.1
.
2,158,900
275,974
588,203
;
V'+
408,255
1,171,912
1,020,296
365,811,758 +
267,359,911
Volume 157
THE COMMERCIAL & FINANCIAL
Number 4187
General
RAILROAD
Abraham & Straus, Inc.—Larger
The
directors
declared
have
$1.50
share
per
INDUSTRIAL
-
INSURANCE
-
counts
Distribution—
of
dividend
a
on
the
stock, no par value, payable July 24 to holders of record
July 14.
This compares with 50 cents paid on April 24, last, and $1
.per share on Feb.
1, 1943.
Payments during 1942 were as follows:
Jan. 24, $2, and April 25, July 25 and Oct. 24, 50 cents each.—V. 157,
p. 2208.
',v: .V
George
M.
Gillies,
Jr.,
Vice-President,
Executive
elected
been
and
work
inequitably
therefrom must be sought.
.,
.
Liabilities—Payable
for
purchased
but
not ; received,
$21,285; accounts payable and accrued expenses, $3,723; accrued taxes,
(general), $1,312; accrued Fderal incomes taxes, $10,542; reserve for
Federal
income
$57,400;
tax
stock
common
surplus,
unrealized
on
(par
$58,716;
$200,378;
of
provision
securities
capital
$7,325;
market
fair
or
total, $1,036,540.
(less
of
appreciation
$0.10),
excess
owned
late
and
Associated
ber
of
Gulf
the
&
of
•1
the
Executive
Committee,
to
succeed
the
of
Managers.
SS. Lines,
Indies
Co.,
Cliffs
He
is
also
Metal
Art
Companies,
Realty & Utilities Corp.,
National Association
General
Corp.,
Manufacturing Co., National Aviation
Investment
Mr. Gillies is a mem¬
a director of the Atlantic
Construction Co., Asbestos
and Lamsor.
Corp.,
The
In
of
distribution
Mr.
Smith.—V.
157,
Extracts
from
remarks of Howard L.
the
Plant
The
Addressograpli-Multigraph Corp.—Earnings—
,s
1943—12 Mos.-—1942
1943—9 Mos.—-1942
Facilities
transmission
268-mile
raska
(Including Earnings of Canadian Subsidiary, But Excluding Results of
Operations of the British, French and German Subsidiaries)
Period End. April 30-—
share
on
9.
similar
A
the
and Kansas subsidiaries
connection
makes
available
each
to
capacity of the'other and
assures
great meat packing industry and
reserve
operating profitsPatents, devel. & eng-
$3,140,627
$2,835,987
$4,408,015
$3,946,424
amort._
208,005
233,520
326,893
308,764
Deprec. of oper. props.;Int., deb, disc't & exp._
260,472
277,828
374,572
367,804
"82,007
69,493
neering,
Prov.
-Net
for
incl.
power
contingencies.
rental
lM deprec.
income
on
111,798
90,576
700,000
'
175,000
bef.
non-oper.
plants
366
Cr5,235
1,332
Cr4,198
$2,589,777
$2,260,378
$2,893,420
$3,008,478
1,751,151
1,315,670
1,338,752
1,484,594
„
plant
in
Income &
excess
The
April,
1942
of
a
kw.
25,000
addition
to
its
profits
the
Head
of
Lakes
port,
Superior,
Wis.,
$838,626
$944,708
by
"I Net profit for periodEarnings per share--—
Cr7,475
$844,425
Note—Although
included in
cable
this
advices
$1,552,992
$1,530,960
$1.26
$2.06
$2.03
the
operations
of
British
the
subsidiary
consolidation, Joseph E. Rogers, President,
from
time
time
to
Cr7,076
Drl,676
$952,183
$1.12
>
.•
$1,523,884
indicate
that
it
is
are
states
operating
not
that
on
a
profitable basis.-4V. 157, p. 2006.
power
produced
so
Company..,
is
being
now
exchanged
with
Power
&
Light
Co.
Idaho
and
Power
A
Associates, Inc.—-Cent Dividend-—
dividend of I2lfa cents per share has been declared on the com¬
stock, par $1, payable June 25 to holders of record June 18.
A
mon
similar
distribution
made
was
last, on Dec. 24,
March 25, June 25 and Sent. 25, 1941.—V.
157, p. 1520.
and on
Alles &
of
one
made
was
.Share
per
paid
cents per
10
1942,
Dec.
on
share on
29,
which compares with 12'/2
previous payment was
April 1, 1935.—V. 156, p. 2303.
Dec.
on
29,
1942,
The
1941.
This
coordinated
operation is a substantial contribution to our war
The inclusion in this power pool of the Idaho and Utah sys¬
made possible by the completion in 1941 of the 274-mile
interconnecting transmission line built by those companies and our
Montana
subsidiary.
•
1
,
In April, The Washington Water Power Co. and Pacific Power &
Light Co. entered into an agreement with the Bonneville Adminis¬
effort,
tems
was
,
dividend of 15 cents per share on the
to holders of record June 24.
A similar
a
capital stock, payable June 30
distribution
25,
Fisher, Inc.—To Pay 15-Cent Dividend—
The directors have declared
cents
March
on
tration
providing for interchange of power during the war emergency.
be supplied over the lines of these companies to army
establishments and rural cooperative companies, which are
will
Power
and
navy
customers
of
Bonneville,
will deliver power
Allied
12
New
Hampshire Gas Co.—Earnings—
March 31—
Months Ended
Operating
1943
revenues.
$108,804
Operation
69,596
■Maintenance
General
In
6,902
—
taxes
8,003
Federal income
taxes
2,992
operating
income
$21,311
income:
3,514
return
'
Gross
income
Retirement
r
income
Gross
Interest
$24,825
accruals
reserve
;
February
$11,067
Miscellaneous
income
2,954
______
deductions
207
Administration
on
their systems.
any
1942
a
10,000 kilowatt addition to one of its plants and
Light Co. expects to have in operation in July, 1943,
kilowatt generator, thus making power available for
anticipated increase in the power requirements of war industries
Power
&
30,000
new
served
by
these
companies.
Power
& Light Co.
increased
its
of
amount
sold
gas
by
Portland
Gas
&
Coke
Co.
established
high record in 1942, exceeding 1941 sales by more than 25%
and
reflecting the growth in #war industrial activities which was
accompanied by a large increase in population in the area served.
a
new
By-product operations also
F<
Net
income
$7,906
Balance
Assets—Utility
plant,
Sheet, March 31, 1943
$642,874;
other
investments,
$250;
cash,
receivable, $9,787; merchandise and job¬
receivable,
$3,166;
other accounts receivable,
$279;
materials and supplies, $10,541;
prepayments, $2,258; other deferred
debits, $18; total, $704,623.
$35,449;
bing,
customers
accounts
accounts
Liabilities—Capital
stock
($25
par),
$350,000;
long-term
debt,
customers' deposits, $2,819; taxes
$785; other current and accrued
liabilities, $238; other deferred credits,
$71;
retirement
reserves,
$250,650;
uncollectible
accounts,
$1,258;
capital
surplus,
$12,242;
earned surplus, $10,064;
total, $704,623.—V. 155, p. 1913.
$70,000;
accrued,
accounts
$3,708;
payable,
interest
$2,788;
accrued,
reached an all time high.
The new plant
production of chemicals used in manufacturing muni¬
tions
and of
high octane gasoline, coke and other products was
placed in operation on a restricted basis and substantial quantities
of these products were produced.
On completion of changes now
addition
being
for
the
made,
it
is
expected
that
these
new
plant
facilities
further contribute to the products of our war industries.
War
Time
Operations
of
will
Court
May
The directors on June
declared
15
the
a
dividend of $1.75
per share on
7%
non-cumulative
preferred stock, par $100, payable out of
earnings for the fiscal year ended April 30, 1943, on July l to holders
of record June 25.
A similar payment was made on
April 26, last,
while
on
Feb.
23, last, a disbursement of $8.29 was payable
(see
V. 157, p. 598).—V. 157, p. 1521.
to
■1 X-v,*'V';'
••
American
3
Months
Int.
•v
earned
Mar.
and
received
Oper.
Operating
Operating
Foreign Investing Corp.—Earnings—
End.
31—
1943
1942
1941
1940
div.
:
Other
$15,995
$7,457
$11,226
$11,899
7,486
expenses
Federal
7,964
7,972
8,293
'
$139,165.
date
the
In
of
each
the
operating
Net
profit
of
appealed
from
The
Net' operating revenues.
Total
Net
Fed.
$3,255
$3,606
tax
profit
4,521
16,975
$591042
inc.
27,815
$27,308
$7,776
$20,581
8,590
10,109
1»750
3,700
$50,452
$17,198
Loss.
Balance
Sheet—March
31,
$6,025
$16,881
1943
Assets—Cash in banks,
$156,052; receivable for securities sold but
not delivered,
$7,119; U. S. Government securities, $5,025; securities
owned, $860,564; accrued interest
receivable, $5,352; miscellaneous ac-
37,179,167
36,016,802
order
be
the
formed
by
to
•"?•;-=
obtain
materials
carry
on
if
much
as
a
Taxes
the
territory
It
of
without
sary,
is
The
final
in
has
engineering'
in
allowed
court
Both
the
for
interest
interest,
at
6%
appealed
have
districts
to
the
and
the
company
Okanogan
the
in existing public utility districts and;
to acquire entire public utility systems
properties of such systems were within,
joint
commission,
of
consent
the
by
people
condemnation
in
if
territories
the
of
the
Federal
Power
issued
Commission,
-
neces-
involved.
upon
••
re¬
directing Northwestern Electric Co. to amortize an amount of
$3,500,000,
now
included
in
plant
account
and
representing
the
aggregate par value of that company's outstanding common stock,
by applying thereto all income earned subsequent to Dec. 31, 1939
in
of
excess
preferred
dividend
requirements,
affirmed
was
by
U. S. Circuit Court of Appeals for the Ninth Circuit on March 27,
A
petition
for
rehearing
has
filed.
been
Dissolution
The SEC by
of
American
solved.
This
11
(2)
(b)
June
on
The
&
action
of
18,
the
1943.
•
Order
order dated Aug. 22, 1942, directed that the existence
an
Power
Light Co.
taken
was
the
Holding
1940
and
Commission
be
and the
terminated
company
by the Commission pursuant
Company
such
Act
dis¬
to Section
after
hearings which began
with intermissions to July 22, 1942.
continued
found
action
"necessary
to
that
ensure
the
continued existence of Respondent American
Light Company shall not unduly or unnecessarily complicate
the
structure,
or
unfairly or
inequitably
distribute
voting power
among security holders, of the holding-company system
of Electric
structure
and
Power and
Bond
and
Co."
Share
A
petition for review of the Commission's order, filed by the company on Oct. 20, 1942, in the U. S. Circuit Court of Appeals for the
First
Circuit, was argued before the court in June, 1943.
2142.)
p.
,
With
that
regard
,
v
v
(See V. 157,
1
the plan filed with the Commission in July, 1941,
to permit the company to comply with the provi¬
sions of Section 11 of the Holding Company Act, the Commission in
its
findings and opinion preceding the dissolution order concluded
which
this
to
designed
was
plan would not
prompt compliance with the
assure
Retirement
Debt
Act.
;
'
Program
bonds
Light
of
the
6%
Co.
standing
mission
to
made
was
at
this
use
time
its
for
cash
of
debentures
the
100
of
>
fv.
part
war,
October,
1942, for permission
and retire 6% deben¬
Southwestern Power &
than
was
price of the debentures
the
maximum
mission's
assumed
Feb.
of
amount
application
dated
the
less
or
the
total
The
the
order
excess
22,
these
two
$44,933,000.
was
1943,
issues
The
permitting the
out¬
Com¬
company
purchase of debentures at prices not in
95.
During March a substantial amount
from large holders, but the quoted
the New York Curb Exchange is now above
purchased
on
price
we
permitted
are
order.
to
-
under
pay
<•
the
Com¬
:
-;
'
,
Proposal for Purchase of Nebraska Subsidiary
In
May,
District,
of
1942, an offer was made by the Consumers Public Power
Nebraska, for the purchase of the physical assets, or
securities,
Power
of
District
State
of
the
had
Nebraska
acquired
Nebraska
all
which
Co.
Power
of
were
The
Consumers
Public
the electric utility properties in
private ownership, other than
in
the
of
properties of the Nebraska Power Co.
Pointing to their power of condemnation, the governing authorities
the City of Omaha, in 1938, in order to prevent such a sale to
Co.
1,162,365
in
SEC
and
company
debentures.
the
issued
of
100,
the
to
$10,000,000 of treasury cash to purchase
use
ture
which
the operation of their properties,
the
was
Co.
hearing,
the
for
to
award
power
of
new
a
the
order
under
utility com¬
panies cannot raise their charges for service,
and
thus partially
offset
their
higher expenses and taxes,
without
the
approval of
governmental regulatory
authorities.
There is strong opposition by
these authorities to such rate increases on the ground that they would
augment national inflation. Furthermore, if increases in rates were al¬
lowed, the present Federal tax structure would take away from the
companies a substantial portion of the additional income derived from
a rate increase.
The present formula used for computation of Federal
necessary
appeal
the
Power
problable that this measure will be referred to the people at the
general election as a result of petitions for such a referendum.
1944
Power
"FV'F,';
the
case
verdict
have
51%
as
*94,004
the
On
brought
the judgment
commissioners
when formed would
434,277
of the enormous amount of money re¬
the Federal Government has raised tax
rates on individuals and
corporations to an unprecedented level.
The
effect on the utility industry is particularly severe by reason of the
peculiar economic position the industry occupies. Ours is a regulated
industry.
Although faced with increased costs of coal, oil and all
to
-
district
3,268,116
-
$7,950.
session of
the legislature of the State of Washington
initiated measure, providing for the creation of joint public
commissions.
The proposed joint commissions could
an
the
Decrease.
In
quired
50,533
profit
for
*$507
11,334,314
Increase
3,509,393
10,048,985
11,768,591
of
recent
passed
utility
the
$8,280,147
12,505,897
9,954,981
'F;;'-'-:
$8,509
sales
securities
Prov.
*
from
taxes
over
expenses
16,015,290
*
7■)'.<
"rV''I;
company
verdict.
court from
supreme
Application
Amount
"1941
$123,115,831 $114,835,684
48,197,802
44,929,686
____
expenses
taxes
Retirement appropriations
*
Excess of income
revenues
t
1942
in¬
by ownership
stock of that;
County case,
In
the
suit
to
condemn
the
power
site
the • sole
(representing
assets) of company's wholly-owned subsidiary, Big Ben Transit Co.,
in which company has invested more than $500,000, the jury returned
an award
amounting with interest to a little more than $100,000.
•
No
further
steps have been
taken in
condemnation proceedings
brought by the Public Utility Districts of Grant and Lincoln Counties
against The Washington Water Power Co.
to
Subsidiaries
,
American's
represented
1943.
proceedings
still
The comparative figures for 1942 and 1941 are as follows:
&■'
Co.
Power
now
,
The amount of electricity sold was 10%
more than in 1941, due
largely to the greater requirements of war Industries. Gross revenues
of $123,115,000 were $8,280,000, or 7%, above the revenues of the
preceding year and expenses for operating, and maintaining
the
properties also increased 7%.
Federal taxes, however, were up 28%
and
amounted to $16,01.5,000.
All other taxes totaled $9,955,000 or
slightly less than in 1941. To meet these tax bills of nearly $26,000,000, it was necessary for the subsidiaries to set aside $21 out of
every $100 received from their customers.
Expenditures for main¬
tenance of the properties were $5,570,000,
and appropriations to re¬
tirement and depletion reserves were $11,768,000, or a total of $17,338,000, which is 14 % of operating-revenues. Net operating revenues
were 3%, or $1,162,000, more than in 1941.
Years Ended Dec. 31—
is
of
5.
.
American Car & Foundry Co.—$1.75 Preferred Div.—
Northern
Company
Appeals for the Ninth Circuit,
The Washington Water
approximately $500,000 in
the
land
and
corporate
plant capacity by 60,000 kilowatts. The company is supplying elec¬
tricity to large training centers, airplane and dirigible bases and
supply stations.
/
The
-
bonds—
on
13,758
Bonneville
the increased demands lor large amounts of power to
airplane factories, steel furnaces, shell manufacturing plants,
great military centers and many smaller war industries, located in
the areas
served
by Texas Power & Light Co. and Texas Electric
Service Co.,
were
promptly supplied by these Interconnected com¬
panies.
Texas Electric Service Co. completed and put in service in
During the past two years Florida
>
the
Texas,
Texas
Utility
in
operate
a
Other
and
to these companies at other points
award
an
on
the
state
Co.
pooling of operations is saving huge quantities of fuel and per¬
mitting the storage in reservoirs, and thus the
saving, of large
amounts
of
water
for
productive use in the hydro-electric plants.
in
at
from
has
This
Air
Superior
condemnation
erties
:v'.
Utah
of
by the Public Utility Dis¬
tricts of Okanogan County and Douglas County resulted in an assess¬
ment of the value of The Washington Water Power Co.'s
properties
in Okanogan County at $2,227,531, and of the Douglas County
prop¬
our
During the year Pacific Power & Light Co., Northwestern Electric
Washington Water Power Co. and The Montana Power Co. (sub¬
sidiaries), participated in the coordinated operation of the Pacific
Northwest Power Pool which includes eleven major systems in Wash¬
ington, Oregon, Montana, Idaho and Utah.
This pool also embraces
the Federal system
of the Bonneville Administration, the municipal
systems of the cities of Seattle and Tacoma and the systems of our
companies,
7%
preliminary to the .development of this power site.
The
Co.,
associate
the
Circuit
studies
the Minnesota
F,:
■>
S.
invested
subsidiaries, Superior Water, Light and Power Co. and Northern
Co., which merged in April, 1943.
An addition to the steam
power plant of the Superior Company was completed in June,
1942,
and
Cr5,799
•
$1,554,668
unrealized
of
stock
entire
confirmed
Power
for
$1,000,000 of
stock.
The
Co.
aggregating $2,430,000
and
its
preferred stock of the Superior Com¬
Power
shares
common
outstanding 11,000 shares of common
except qualifying shares held by directors.
U.
two
Reserve
Northern
1,663
the
in
the
.'resulted
Duluth
furnished
was
bonds,
common
were
The merger into Pacific Power & Light Company of its whollysubsidiary, Inland Power & Light * Co., was - consummated in
May, 1942, following final approval by all regulatory commissions
having jurisdiction.
'
The proceedings brought by the United States Government to con¬
demn The Washington Water Power Co.'s power site at Kettle Palls
.
the
of
owned
plant which will double the present capacity of this
unit will be in operation this summer.
Power for loading iron ore at the docks and for building ships at
new
3%%
additional
mortgage
shares
General
power
plant.
and
company,
manner
steam
was
vestment
refineries,
construction
first
debentures
steel prod¬
bombing ypianes served by^ the Nebraska ycompany; and iti"
a
supply' of power for the large airplane factories, oil
ordnance plants and army camps served by the .Kansas
company.
The transmission of power over this interconnection also
releases
for
other
war
time uses
the
rail
transportation facilities
which otherwise would be required for the shipment of coal from
Kansas to the power plant of the Nebraska company in Omaha.
In anticipation of a need for more power In the iron mines of the
Mesaba and Cuyuna Ranges, Minnesota Power & Light Co. started
like
of
1,000
and
wholly owned by American
Superior Water, Light and
refinanced through the
Co.,
into
Company
of
ucts; and
.Net
and
company
our
supply of power to the
ample
the plants manufacturing
and
bonds
holdings of
the
company
an
$2,500,000
debentures
pany
Neb¬
This Inter¬
completed in August.
was
of
Superior
merger and refinancing, American Power
& Light Co. received
approximately $1,700,000 in cash and 6,bOO shares of additional com¬
stock of the Superior Company in place of its loans
to that
Increased
connecting the systems of
line
the
and
mon
President, follow:
Aller,
relief
this
American Power & Light Co.—Annual Report—
2141.
p.
cents per
25
last.
22,
increases
Some
purchased
by Northwestern
Mutual Life Insurance Co, and the common stock by American Power
Light.
All the outstanding preferred stock of the Superior Company
was
retired and its bank loan of $1,600,000, as well as its loan of
$1,636,000 from the American Company, was paid.
As a result of
Corp.
Walters, Secretary and Treasurer of Marlin-Rockwell Corp.,
been elected to the Board to fill the vacancy left by the death
has
March
on
Co.
mortgage
Payments in 1942 were as
follows: March 23, 10 cents; June 22 and Sept. 21, 12y2 cents each;
and Dec. 22, 25 cents.—V. 157, p. 1235.
John H.
of
made
was
1943, Northern Power
Light Co., was merged
&
Power
issuance
capital stock, payable June 22 to holders of record June
utility.
Subsidiaries
by
April,
Power
of $57,400),
4%
dividend of
a
public
The Securities and Exchange Commission has
issued no order as
with respect to the refinancing plan or the other issues raised
by the Commission in the Florida Power & Light Co. proceedings.
,
directors have declared
regulated
•
owned,
cost
over
taxes
grant relief in the form of rate
closely
yet
surplus, $675,858;
value
for Federal income
to
the
on
Financing
25-Cent Dividend—
V
•
with the company for many years,
Board
West
Manufacturing
Joy
of
member
a
Henry Kay Smith.-
reluctance
securities
•
President
the
taxes
,
securities
has
MISCELLANEOUS
receivable, $1,C67;
furniture, and
fixtures
(less
reserve
for
depreciation
of
$739),
$930;
deferred
charges,
etc.,
$432;
total,
earned
Adams Express Co.—New President, Etc.—
-
$1,036,540. '
common
\
2341
Corporation and Investment News
PUBLIC UTILITY
-
CHRONICLE
Consumers
Public
Power
District, insisted that the: .Nebraska
enter into an agreement witij the city
city would be given at least 180 days notice prior
to any commitment by either the Nebraska Power Co. or the American
Company to sell the properties or stock of the Nebraska Power Co.
to
any
public power district.
Such notice/ was required so as to
enable the city to perfect condemnation proceedings in event a sale
this company
and
the
of the properties of the Nebraska Power Co. to a public power district
should be in prospect.
Because of the existence of such contract, the
offer of the Consumers Public Power District has not been formally
considered
by
this company
by the Nebraska
or
Company.
Although there have been discussions between the municipal officials
and
those
reached
the
A
between
properties
Power
District
measure
them
of
in
as
to
a
meet with
been
Power
program
Nebraska
the
would
has
and introduced
of the
Consumers Public
of the
District,
no
accord
has been
under which the acquisition of
Power Co. by the Consumers Public
the approval of the municipality.
proposed by the Omaha municipal
the Nebraska Legislature to facilitate the
authorities
acquisition
properties of the Nebraska Power Co. by a political sub-division
of the State to be created and largely controlled by the Omaha City
>
FINANCIAL CHRONICLE
THE COMMERCIAL &
2342
Administration.
at
lature
Such
legislation
time.
this
is
consideration
under
■
,,
the Legis¬
by
-
Months
Ended
$9,048,751 $10,551,541
65,740
65,613
Dec.
monwealth Utilities Corp.
31
Only)
(Company
1941.
1942
from
subsidiaries^——
income
Other
^
_
—
A
plan filed
Federal
taxes
taxes
397,702
20,515
2,831,882
__________________
2,775,552
deductions..
other
had
income
Balance
Assets—
'
Investment
in
Cash
$7,020,792
$5,607,256
—
Sheet,
Associated Telephone & Telegraph
Co.—Income Acct.
securities
profits
$250,974,071
8,738,928
advances—subsidiaries
and
demand—:
on
—;
receivable
1,328
270,889
43,871
694,569
638
1
—
subsidiaries—.
from
receivable
Dividends
assets___.—
current
Other
4,829,207
subsidiaries—
from
receivable
interest
interest
Other
Prepayments
9,013
—
Unamortized
discount
debt
and
of
637,448
discount
debt
Net
—.——$272,986,456
Liabilities—
$6
$5
stock—
stock
preferred
preferred
$161,765
Appropriation to
contingencies
Balance
of
Dividend
Balance
Sheet, Dec. 31, 1942
$22,836,308;
patents,
'
•
rights,
patent
Co. 6%
Accrued
interest on
Accrued
taxes
long term debt
"—
—_______
_____
_!
____
liabilitiesit_—_-__i_^.__r___—___
current
Capital surplus
525
—
156,
'•
2187.
p.
!
,
,
I
Earned surplus
Associated
11,990,504
—
Gas
Electric
&
Co.—Trustees
■
.
"
(4)
New
of
(5)
Jersey Power retires $600,000 first mortgage bonds,
1960.
"■1
;!'v>>
r
'
4>/2%
;v." v
'
New
Jersey Power will initially transfer to NYPANJ the 341,350
shares of Jersey Central common stock which it now holds, by reason
of the decision of the U. S. Supreme Court holding- that the acqui¬
sition
of this
stock in
1938
in- violation of the Federal Power Act.
waa
Ultimately, New- Jersey Power will acquire all or the major portion of
the shares of common stock of Jersey Central, pledged as collateral for
the National Public Service Corp. debentures* and the above 341,350
.
36,026
—
— ____
$24,532,845.—V.
approval
.series
counts
total,
flow
the surviving
to
mately
Liabilities—First
$977,871;
is to
of " cash
program
the
pending.
$1;
j
'
this
on
group
of the transfers of Keystone and Bradford are now
Consummation will result in NYPANJ reacquiring approxi¬
$3,959,000 of its outstanding funded debt.)
(2) New York State Electric & Gas Corp retires $2,500,000 of its
3%% first mortgage bonds.
';:;V
(3) Rochester redeems all of its outstanding series C $6 preferred
stock (27,000 shares), and 11,871 shares of its series D $6 preferred
stock.
"
„■
i
v
" ,v
,.;
for
,
|
etc.,
payable, $7,713; accrued taxes, $15,029; accrued interest, $105,838; reserve for employees' benefits, $55,000; surplus, reservedIfor gen¬
eral contingencies, $225,000; capital surplus, $1,321,636; earned'surplus,
gold debenture bonds,
A
that
$770,911; receivable from subsidiary com¬
banks, $658,197; accounts receivable, $233,-
in
NYPANJ
Bradford,
expense,
panies, $267,195; cash
total, $24,532,845.
of
restrictions
the
NYPANJ transfers its investments in Keystone Public Service Co.,
and Pennsylvania Edison Co. to Associated Electric or to
company's subsidiary, Pennsylvania Electric Co.
(Applications
(1)
34,545
42,417
93,449
1,018,336
334,939
41,153,000
American 6% series, due Mar. 1, 2016
& Light
Accounts payable
Other
'$103,753
1
;i
36,704
45,068
existing
subsidiary companies in
part of the plan and may be amended, modified or abandoned, in
.whole or in part, from time to time, without amendment of the plan.
Various Steps Now Contemplated
>j
$144,907
preferred stock___
and
discount
!
stock
preferred
first
Program—The object
possible,
as
and steps toward the reorganiza¬
will proceed simultaneously,
group
the financial rehabilitation of important operating companies, and
by the retirement of NYPANJ debt and preferred stock.
The detailed steps to be taken in this program, the times at which
and' the sequence in which they are to be taken, and the precise
amounts of money involved, will depend on various factors•such as
tax consequences, action of. regulatory commissions, market prices of
securities, etc.
For these reasons the program, as such, is hot made a
J
16,857
NYPANJ
AGECORP
by
$103,753
general
i;
income____
$6
debt
for
reserved
___
first
1%
Dividend
surplus
preferred 7%
cum.
stock (par $100), $3*084,400;
first preferred $6 cumulative stock (no par), $3,792,457; $4 preference
cumulative stock (no. par), $983,650; class A cumulative'stock,uno par
value), $1,368,466; common or ordinary stock (par $1), $1,038,308; long
term debt, $11,546,000; payable to subsidiary companies, $11,477; 'ac¬
37,434,351
:
Power
Southwestern
series
62,737
expense
3,780,000
——
—
Gold debenture bonds,
i
$79,300,926
97,844,400
1
stock
Common
and
income
3,088,058
expense.
Total
,
43,425
642,132
1 63,212
far
so
-
the
the
and
Reconstruction
company, by the elimination of complicated cross-holdings of securities,
excess
:
Assets—Investments,
■;
$968,970
116,447
34,151
i
and
debentures
on
Amortization
3,415,000
U. S., Government obligations, direct and guaranteed
State, municipal, and other short-term securities
Accounts receivable from others than subsidiaries..
Accrued
Interest
$1,017,763
121,663
etc
income
Federal
of
AGECO
remove,
from
920,885
Special cash deposits
.
interest,
than
taxes
other
of
NYPANJ
1941
1942
dividends,
Income,
Taxes,
■■
banks,
the
reconstruction
tion
Salaries, legal and other expenses
1942
31,
Dec.
any
company, Com¬
It had already expired by its own terms and
157, p. 2007.
Calendar Years—
Net
its
been
renewed.—V.
been
not
Electric depends largely upon
clarification of the status
Philippine subsidiaries.
Under these circumstances it has not
assumed that prior to consummation of the plan there will be
substantial flow of income to the AGECORP trustees except from
NYPANJ
group.
It is contemplated that the program for the
Associated
of
346,263
25,362
taxes_____
.
and
Interest
365,626
340,695
excluding
on
plan was filed by Arizona Power and its parent
The
Total
Expenses,
The GENGAS plan is pending
Approval of that plan by the SEC and by a court of
competent jurisdiction would materially increase the earnings available
to the surviving company.
The value of AGECORP's investment in
before the SEC.
June 25, 1941, involving the" expected sale by the
corporation of all of its properties, assets and franchises to a new:
corporation to be formed for the purpose by the Washington Gas &
Electric Co. was permitted to be withdrawn June 14 by the Securities
and Exchange Commission.
'
V.-.r
$9,114,491 $10,617,154
12
for
Account
Income
Income
Other
Electric, each present special problems.
Arizona Power Corp.—Sale Plan Withdrawn—
•
Monday, June 21, 1943
Announce
shares.
i
Total
$272,986,456
It is contemplated that in the course of this program
the
liability of NYPANJ under the indemnity agreement given to New
Jersey Power, dated March 14, 1938, will be discharged, and the col¬
lateral
deposited as security under that agreement released.?;
[The
agreement provides that if the 712,411 shares of Jersey Central common
stock, now pledged to secure debentures of National Public Service
Corp., are sold at public sale for less than $12.6333 per share, NYPANJ
SEC.-j-
Reorganization Plan—Proposal Filed With
comprehensive plan for reorganization of the Associated! Gas &
Electric system, which has been in bankruptcy since January, 1940,
A
Consolidated
Income
Subsidiaries
Operating
revenues
31,986,094
12,340,698
1,844,057
_—
taxes
11,845,558
48,197,802
4,144,720
114,835,684
44,929,686
12,505,897
10,048,985
Prop,
retire,
and
res.
2,227,688
3,000,449
taxes
16,015,290
9,954,981
2,954,452
11,768,591
de¬
approps._
Net
oper.
12,839,542
8,598,435
37,179,167
103,256
revenues
income
44,599
195,031
(net)
income
36,016,802
134,412
Net
to
interest
other
and
12,942,798
8,643,034
37,374,198
36,151,214
4,109,110
______
4,005,274
15,778,173
15,797,005
public
Balance
8,833,688
divs.
to
4,637,760
21,596,025
20,354,209
public
(full div. requirements
'
of
•
,
"
of
•
.
.<
....
r,:
...
2,835,786
14,377,673
7,017,308
2,835,786
19,891
14,377,673
65,740
13,135,634
65,613
2,855,677
14,443,413
13,201,247
129,507
111,080
365,626
397,702
99,037
69,610
340,695
Corp
4,799
25,362
pay
the
705,617
taxes
taxes
oth.
and
deducs.—
carried
to
•
13,135,634
6,114,012
2,775,552
1,964,571
Consolidated Balance
2,831,882
10,936,178
9,604,885
Sheet, Dec. 31, 1942
Assets—Plant, property, and equipment (including intangibles), $773,Investment and fund accounts, $2,289,515; cash in banks—
demand, $25,608,329; special deposits, $3,668,771; working funds,
929,762;
on
U.
S.
Govt,
obligations, $15,980,192;
securities, $6,209,207; notes
short-term
other
$190,907;
municipal, and
and loans
receivable,
materials and supplies, $6,State,
receivable, $10,499,689;
$612,261;
other current and
accrued assets,
deferred debits, $18,398,193; reacquired capital stock—sub¬
sidiaries—15,900 shares preferred, $1,583,464; contingent assets (con¬
768,205;
accounts
prepayments,
$383,895;
tra), $368,892;
total, $866,830,609.
Liabilities—Capital stock: American Power & Light Co. (no par
value): $6 preferred, cumulative (793,581 shares), $79,300,926; $5 pre¬
ferred, cumulative (978,444 shares), $97,844,400; common (3,008,311
shares), $37,434,351; subsidiaries: preferred stocks (1,116,206 shares),
$111,620,600;
common
stocks
(48,664
shares), $423,595;
long-term
$356,960,228; notes payable to banks, $600,000; accounts pay¬
able,
$2,431,354; dividends declared, $1,047,091; matured long-term
debt and interest $292,499; customers' deposits, $4,782,130; taxes ac¬
crued, $22,070,095; interest accrued, $5,630,036; other current and ac¬
debt,
crued
liabilities,
869.749;
(contra),
ferred
stocks
terest
in
deferred
$408,566;
contributions
liabilities
in
aid
$368,892;
of
surplus
of
credits,
held
subsidiaries,
dividends on
'
v.:
from
the
claims
asserted
the
estate
of
AGECO
consist
of
stock
of
He
1803.
1943—5 Mos.—1942
American Water Works & Electric Co., Inc.—Output^—
Output of electric energy of the electric properties of American
Water Works and Electric Company for the week ending June 12, 1943,
increase of 10.31%
an
the
over
700 kwh. for the corresponding week of 1942.
output of 71,001,•
-
sidiaries
of
.
May 22
May 29
78,980,000
80,022,000
___
June
12
—V.
1941
1939
1940
71,055,000
61,948,000
52,597,000
44.616,000
70,068,000
.
59,994,000
49,369,000
42,790,000
of
consist
in
the
following
(4)
on
to
this
and
holders
issue
Dec.
10,
on
on
of
the
7%
record
April
June
15.
1942.—V,: 157,
preferred
last,
p.
28.
A
and'
1142.
stock,
like
on
per
par
amount
April
15,
was
Aug.
on
pay¬
dis¬
12,
concentrated
been
in
stock of Jersey Central will have
common
Jersey
New
Power.
,
Metropolitan Edison will have acquired Glen Rock, into which
Edison
Light & Power Co. and York Steam Heating Co. will have
been merged.
(5) NYPANJ will have paid off debt obligations held by the public
(4)
and
companies totaling $26,740,400 principal amount at
will have retired all of its outstanding preferred
associate
by
March
and
1943,
31,
stock
(5,405.6 shares).
NYPANJ will then be
and
in
a
position
either
adduced
in
The
retention
in
or
Existing Capitalization and Liabilities of AGECO
and
AGECORP
of
sidiaries
have
AGECO
AGECORP
which
in
escrow agents under an
debt held by AGECORP
by the
and AGECORP
the following amounts of
holdings by wholly-owned sub¬
is no public interest, holdings
outstanding
(excluding treasury holdings,
securities
there
agreement dated May 15, 1933, arid
and AGECORP debt and stock held
:
-
•
~
AGECORP
Rochester
Gas
&
Electric Corp.
The
IDs
of
42,089,844
Total debt
AGECO:-
*
Preference
Class
,
may from time to time
of Earnings—One of the
lias
been
the
present these modi¬
such other modifica¬
be necessary or appropriate.
most important obstacles to reorgan¬
on the flow
of earnings from the
restrictions
58,994,831
12,000
1,217,630
6,918,410
'86
of
Scrip matured or maturing after Jan. 10,
A
10,380,712
1940—
f$291,499,457
obligations of AGECORP and AGECO
'
'
stock
„
_
.stock.
_____
stock
—j——...
t509,510 shs.
t149,248 shs.
4,434.354 shs.
.—
Class B stock
Common
stock
______—
♦Includes $474* principal
Appropriate steps have been or will be taken to
fications of the program to the SEC, together with
->■
—
"83__
COS
'
''$8,337,510
24,307,765
139,240,755
'83__
of
SFIDs
system.
as
—
1
SFIDs
of Jersey
of. Bradford Electric Co. from the proposed New
Pennsylvania system to the proposed Western' Pennsyl¬
'40__
—
interest debentures
AGECO fixed
and Canadea
transfer
York-Northern
tions
'78s
AGECO:
Central Power & Light Co. in the pro¬
posed Eastern Pennsylvania-New Jersey system;
inclusion
ization
'73s
Preferred
The
vania
8s of
AGECORP
with the proposed New York-Northern Pennsylvania
(2)
•
■
Mar. 31, '43
AGECORP
of
assets
accounting
to revalue its
(a)
eliminate its present earned surplus deficit through an
reorganization, or (b) to vest its assets directly in the surviving com¬
pany, whichever may be appropriate.
r-"
■
;■
;
system;
amount held by NYPANJ,
;
607,953 shs.
1,085,549 shs.
t At March 31,
there remained unsurrendered $4,777,687 principal amount of
Old COs and. CCs, called lor conversion into cumulative pre¬
ferred and preference stocks.
None of these, securities are shown to
1943,
CDCs,
.
be
outstanding on the bopks of AGECO.
as
special'mastcr in these proceedings,'has held that substantially all
were validly converted into' preferred and preference
Hon. Frederick E. Crane,
subsidiary operating companies to AGECORP, particularly the earnings
of NYPANJ and certain of its subsidiaries, the largest of the three
of these securities
$4,777,687( unsurrendered CDCs, CCs and Old COs, called for conversion
Into cumulative preferred and preference stocks,
"
•
'
freeing the flow of earnings from Metropolitan Edison Co.
NYPANJ, and (2) removal or moderation of the stoppage in the
creditors,-such as outstanding trustees'
certificates, taxes, administration expenses, and miscellaneous current
liabilities.Claims have been filed in these procedings by various .per¬
sons claiming to be general creditors of AGECO or AGECORP.
These
claims, as filed, aggregate approximately $6,000,000, of which approxi¬
mately $2,500,000 were filed by holders of participating securities, who
would be entitled as such to participate under the plan.
Pursuant to
various orders of the court the time for filing general claims has now
(1)
of cash
The
share
$100,
been, eliminated.
(3) System control' of the
proposed systems complies with Section 11 (b) (1) of the Holding
Company Act.
Substantial progress has been made in setting up the
four systems and in disposing of properties not proposed to be included
in them.
Certain modifications in the program of system reconstruc¬
tion as outlined in 1941 are now contemplated.
The principal ones are:
to
$2
have
before the SEC under Section 11 (b) (1)
against the AGECORP trustees, evidence
support of the contention that each of these
plan;
of
'•
its subsidiaries will
Cross-holdings of securities of NYPANJ and
(2)
Florida-Georgia.
46,041,000
dividend
and
stocks.
common
Outstanding
45,105,000
a
subsidiaries
the pending proceedings
the Holding Company Act
been
subsidiaries
the public
by AGECO):
52,870,000
declared
completed,
is
AGECORP:
In
Staten
of
$272,500.
strengthening
consequent
Pennsylvania;
52,392,000
16
stock
preferred
of
for
Railways
will have been reduced by $14,057,100, with
of the surviving company's equity in its
increased income available for dividends on
their
hands of
AGECO
61,781,000
June
State
York
The underlying debt and preferred stock of NYPANJ
the
in
areas:
62,687,000
on
shares
2,725
York
of
t
accomplished:
Pennsylvania;
Western
Corp.
New
Eastern Pennsylvania-New Jersey;
(3)
Edison
purchases
from
Reorganization
(1)
71,002,000
accumulations
July 10
17
AGECORP
69,879,000
directors
bursed
Nov.
debt
Edison
pursuant to a
plan providing for the consolidation of its subsidiaries with Glen Rock
Electric Light & Power Co.
Metropolitan Edison will acquire the con¬
solidated group by providing the additional necessary cash.
(10) Metropolitan Edison purchases from NYPANJ 35,729 shares of
Metropolitan Edison cumulative preferred stock for $3,572,900.
(11) Metropolitan Edison retires its following outstanding securities:
(a) $5,000,000 4V2% series D first mortgage bonds; (b) 97,536 shares
prior preferred stock, and (c) 17,361 shares cumulative preferred stock.
(12) Metropolitan Edison reclassifies the remaining 60,000 shares of
its cumulative preferred stock, held by NYPANJ, into $5 preferred stoqk
Which NYPANJ sells publicly or privately for $6,000,000.
(13) NYPANJ retires all of its debt and preferred stock, except bonds
or
other obligations which will then be vested in either AGECORP,
Associated Utilities Corp (AUCORP), or the surviving company.
Upon completion/of these steps at least the following will have been
Reconstruction
(2)
flow
able
the assets
obligations and
Litigation,
of
78,324,000
—
American Woolen Co.—$2 Preferred Dividend—
account
of
major subholding company groups.
»
;r :
The trustees' report of Jan. 8, 1943, expressed the view that at least
two steps would be indispensable to consummation of a reorganization
157, p. 2209.
The
Recap
estate
71,844,000
5
June
1942
located
AGECORP
New York-Northern
(1)
Flow
1943
the
the
for regrouping the operating
companies into integrated systems, distributing interests in or disposing
of properties not retainable in these systems, and simplifying the subholding company structures, all in compliance with the Holding Com¬
pany Act.
In their report dated Jan. 8, 1943, the trustees expressed
the view that reorganization of the two top companies need not await
the ultimate accomplishment of a program of system reconstruction,
since such a program could be continued by a surviving company after
reorganization.
The report further stated that as the several goals of the program
of system reconstruction were reached, securities representing interests
in integrated systems would be available for distribution among claim¬
ants against the estates from time to time, so that through such dis¬
tributions
or
by sales of properties the surviving company would
eventually reduce itself to the top^ company of a single integrated
system, together with permitted additional systems and incidental
businesses complying with Section 11 (b) (1) of the Holding Company
Act.
The ultimate capital structure of the surviving company should
facilitate and not impede accomplishment of that objective.
As outlined in the report of the AGECORP trustees dated Nov.
7,
1941, the program of system reconstruction contemplated the establish¬
ment of four integrated public utility systems, together with permitted
additional systems and incidental businesses, comprised of present sub¬
„
Comparative table of weexly output of electric energy for the last
five years follows;
Week End.—
of
Island
NYPANJ
(9)
the progress made in their program
(3)
$15,636,453 $15,762,781 $83,104,266 $82,644,976
157, p. 1937.
kwh.,
in
principally
assets
the
Metropolitan Edison cumulative preferred stock.
Staten
(8)
Integration Problems—In their various reports the trustees have dis¬
(1)
—
The
System
Power Corp.
Co.—May Sales Off 0.8%—
1943—Month—1942
AGECORP.
principally of investments in subholding companies, the most important
of which are NY PA NJ Utilities Co. (NYPANJ), Associated Electric Co.
and General Gas & Electric Corp (GENGAS).
of
Safety Razor Co.—New Vice-President—
Period End. May 31—
Sales
top company in a public utility system com¬
ducting no utility operations themselves.
Both companies, as well as
the AGECORP trustees, are registered under the Public Utility Holding
by public, $3,830,310; minority in¬
$205,566; capital surplus, $36,026;
157, p. 2142.
American Stores
total 78.324,000
AGECORP."
and
$12.6333
to
Island
pre¬
has been af¬
filiated with the company since 1926 and in August, 1942, was named
director of sales for the organization and its
subsidiaries.—V.
157,
—V.
and
AGECO
Company Act of 1935.
$2,118,438; reserves, $86.$1,521,901; contingent
cumulative
Sidney Weil has been appointed a Vice President.
p.
of
operating
companies,
intermediate
holding
companies and
others.
The corporation directly subsidiary to the top company
is
AGECORP.
Both AGECO and AGECORP are holding companjps, con¬
has
American
of
AGECO is the parent or
earned surplus (less amount accruing to minority interest), $51,033,858;
total, $866,830,609.—V.
those
for
between
purchases from Metropolitan Edison, at the combined
Metropolitan Edison of $18,959,643, the following securities:
(a) $15,778,500 of Mohawk Valley Co. 6s of 1981; (b) $327,500 principal
amount of NYPANJ 5s of 1956, and <c) 100,000 shares of common stock
time
filed
prising
construction,
undeclared
subsidiaries
of
to
difference
NYPANJ
(7j
14.
Aside
con¬
solidated earned surp.
$339,329;
of the system and at the same
security holders."
The plan was
reconstruction
currently
June
the trustees said, "should also afford a
broader market for the securities of the surviving company than now
cussed
Bal.
of
income
SEC
"Consummation of the plan,"
-
—
Federal
shares of
cost
security holders, will continue to work out the necessary
program
some
New
deposited in escrow $2,000,000 principal amount of the Mohawk Valley
bonds (payment assumed by NYPANJ) as security for its obligation
under this indemnity agreement.]
(6) NYPANJ purchases from New Jersey Power, at the market, 8,710
is to substitute for claims against the two companies
solvent, reorganized company which, acting under the
a
20,515
686,271
Co.
(as above)—
income
Expenses
in
the
Power
at such public sale as to each of the 341,350 shares
Jersey Power acquired on March 14, 1938.
NYPANJ has
share
per
Co.
and Stanley Clarke, trustee of the Associ¬
(AGECO), said, in announcing the plan, that
(AGECOEP),
control of its
Jersey
New
pay
price
which
346,263
4,844
Lt.
&
7,017,308
M Total
Int.
#►::
*
46,833
46,593
will
history
the
"basic purpose
its
7,171,742
16,363
Pwr.
Net equity
'Other
9,039
in
subsids.
7,171,759
7,033,671
Amer.
;Other
1,792,935
23,434
Amur*
Co.
& Lt.
Pwr.
Income
the
Corporate Structure and Assets
1,792,946
'
.
in
ated Gas & Electric Co.
exists
applic. to
respective
p e r io d s
whether
S, earned or unearned).
Portion
applicable
to
minority
interests—
reorganization' of
Thorp and D. J. Driscoll, trustees of the Associated Gas &
Willard L.
with
Pref.
in
It is
broad
deductions
trustees
the
of public utility holding companies.
predicated on approval by the SEC, the Federal courts, and a twothirds vote of security holders entitled to participate.
ruptcy proceedings
securities
Gross
by
plan—a joint undertaking on the part of the trustees—will, if
consummated, bring to a close one of the most complicated bank¬
Electric
Other
12
The
11,334,314
1,961,348
Other
pletion
29,770,853 123,115,831
June
Associated Gas & Electric Co. and the Associated Gas & Electfic Corp.
$
$
announced
was
1942—12 Mos—1941
$
$
-
operating expenses
Federal
Including Subsidiaries
Account,
1942—3 Mos.—1941
Period End. Dec. 31—
may
that
purpose
are
earnings
of
to AGECORP.
Metropolitan
Edison
are
now
available
to
subject only to such retention as prudent business judgment
require.
which
from NYPANJ
current
NYPANJ,
The NYPANJ situation remains to be dealt with, and for
a program
has been worked out, the various steps in
summarized below.
The other two major
-
subholding companies, GENGAS and Associated
stocks
in
1932,
or
exchange for COs.
tlncludes shares represented by
.
The
of
old
estates* have
securities
various
and
liabilities
senior:to
the
claims
of
holders
general
expired, except for tax claims and claims by subsidiary companies.
Volume
of
accordance with terms
Security holders who wish to assert claims, in
their securities are not yet required to file
their claims and will
of the plan.
opportunity to do so prior to confirmation
have ample
The
Recap Litigation
This litigation began oh Feb. 28, 1941, when
a
petition which,
among
other things,
attacked the validity of the plan of rearrangement of debt capitaliza¬
tion of AGECO offered to its debenture holders on May 15, 1933, and
the Recap
Litigation.
filed
trustee
AGECO
the
AGECORP 8s of '40.
transactions, attacked the priority of the
related
creditors of AGECO an interest m
the
assets
of -AGECORP at
least of equal rank with that of the
creditors of AGECORP.
Before the ensuing litigation had been decided
and' sought
establish
to
the
for
trustees proposed the Recap Compromise, under which the claims
principal and interest based on the debt securities of AGECORP
with certain exceptions, of AGECO were to be treated as claims
against the total assets of the two estates and to be allowed in the
respective amounts set forth in the Recap Compromise.
The question
of the fairness of the Recap Compromise has been referred by the
court to Hon. Frederick E. Crane, as special master.
;
The plan gives effect to the Recap Compromise with one minor
modification recently proposed
by the trustees, to accord the same
recognition to the holders of an estimated 17,500 shares of AGECO
preferred and preference stocks issued in exchange for CDCs and still
held by original holders, as is accorded to COs in the hands of original
holders.
In accordance with the Recap Compromise, the plan treats
the two estates as one for the purpose of reorganization.
for
and.
te,,-..:-..--;hesco
payment
securities
to
are
such
with
be
thereof,
the
obligations
debt
funded
(4)
as
be- necessary for that purpose, to the payment of
UESCO (including $8,062,575 principal amount of
of
of May
1943, largely held by system employees).
31,
payment
for
full
in
of
and
cancellation
obligations,
UESCO's
without
retirement
to
over
for
securities
any
trustee
a
and
eventually
pension,? annuity or
of the subsidiary
Electric
&
standing
of
participating
operating
companies
of
securities
any,
held
or
AGECORP
reduce
out¬
the
follows:
in AGECORP or its other immediate subsidiaries.
required for the following purposes:
is
of UESCO Holdings
I
8s
AGECORP
Total
-
AGECORP
'73s
'40
$1,791,210
4,642,000
376,700
63,000
.
fixed interest debentures
AGECO
due
SFIDs,
839,340
in
sale
outside
the
of
dividends,
•
income
and
accepted
profits
excess
substantially
affiliated
AGECO
as
group
tax
stantially the same basis;
(3) The Recap Litigation
mised
and
The
UESCO
and
/
agreement'
controversies will
related
will
be
approved
by
the
be compro¬
and
SEC
by
<5)
At
GENGAS
the
substantially
plan
proposed
as
will
court of competent jurisdiction;
date of the plan there will be
a
effective
be
no
approved
restrictions
would
of the surviving
to sup¬
otherwise make the plan unfeasible.
materially impair the ability
company
surviving company will take over the assets of the two estates,
other than assets distributed pursuant to the plan and recovery claims.
Administration
unpaid
any
modified,
CORP,
either
the
to
the
surviving
will
company
be
should that be found
the
8s
of
stock
will
other
if
be
to
their
distributed
claims
not
are
to
by the board of directors,
the
over
the
of
holders
otherwise
the
satisfied.
surviving company,
its liabilities and
capital
be
credited to capital surplus and will be available, among
to facilitate distribution to security holders of interests
properties to be held initially by the surviving company but which
The
trustees'
certificates,
to
the
settlement, litigation
shall
still
be
unpaid,
tax
•
Local
the plan.
Holders of AGECORP 8s of '40 will receive
new
share
amount
of
their
claims
the estates or
against
States
the
of
of
stock
Securities and
principal
and
and
thereon
dividends
to
rights
all
interest
the
as
thereon
case
may
be),
to
AGECORP
Balance
5#
4
series
Vst%
4#
(2)
*
4V2#, series
'78s,
Total
series
fixed
-
Federal
interest
investment
#
to
certificates,
extended
to
1943
the
'50;
of
'48
4s
of
AGECO
income debentures due
1983———
first
Pro
Series
——
Series
(7)
B,
5#———
C,
4Va#
Series D, 4#
Following unsurrendered securities of AGECO:
6Va# convertible debenture certificates, series
(Manila
6Va#
6#
certificates,
Plan and
Assets—
gibles
Less
will
year.
have
Bureau
of
Federal Tax Claims
Internal
Revenue
has
determined,
assessed
or
pro¬
posed for assessment, income, declared value excess profits and other
.taxes for the years 1934-1939, inclusive, against AGECO in the sum
of $7,108,129 and against AGECORP in the sum of
$1,357,657.
Negotiations for the settlement of these claims have reached a point
it is expected that the liability of the estates for Federal taxes
for
the years 1934-1939,
inclusive (other than liability under Social
Security Act), may be settled for the totals sum of $750,000, payable
where
as
provided in the plan.
An offer of settlement on this basis has been
by the trustees, and is incorporated in the plan.
made
No
absence
reserve
ior
retirement
companies—
(depreciation)
of
;_$392,337,199
property,
67,549,028
(carrying value of securities of, arid
Pennsylvania Edison Co.
11,604,460
Corp.
924,755
Co.
Insurance
Coach
5,491
Co.
Electric
Co.
series
as
2.08
2.04
1.99
1.97
by surviving company
Owned
by subsidiary companies
2.01
1.97
1.93
1.91
Total
.
carrying value of securities of, and advances to,
majority-owned
subsidiary
com¬
associate companies, and of other
and other
panies
investments
miscellaneous
$57,894,931
43,000,000
.
reserves
$14,894,931
Total
investment
in
net
fixed
and
other
(non-current)
..$339,683,102
assets
Special funds of subsidiary companies..
Deposits for matured bond interest, et».,
at Jan.
10.
1940
285,210
of AGECO
(contra)—
and
——
settlement of Federal tax claims for period,
inclusive ($750,000)]—
—
proposed
1934
1939,
to
deposits
Special
Temporary cash Investments—..—.—
—......
Accounts receivable (customers and appliance sales ac-
.51
.51
.51
.51
.51
.51
.51
.51
1
2.14
counts,
etc.,
less
reserve
for
$915,572)
Receivables
Accrued
uncollectible
———
from
associate
accounts,
:
are
not
sufficient
ticipating securities and
to the
and the assets of the two
to satisfy the claims of the holders of par¬
general claims in full.
11,851,892
1,047,814
2,244,000
6.724,070
752,402
companies
690,096
(including construction materials)
and merchandise, at cost or less—
.......
5,373,891
Prepayments
...
•.
——-—
712.617
Other current and accrued assets..————82,416
utility revenue
—......
—.
Materials and supplies
Deferred
debits:
Unamortized
Other
debt
unamortized
discount
expense
and
expense
...
■
estates
477,936
accrued assets:
[projected balance, including working funds and
after payment of (a) estimated cost of reorganization
and other non-recurring expenses ($1,500,000) and (b)
Cash
1.03
claims are subordinate
participating securities and general claims,
V
3,646,842
802,891
non-consolidated
participation is provided by the plan for old stock as such, or for
or claims other
than those listed in the foregoing table,
securities and
2,888,410
;
ments:
Owned
were
obligations due 2002, series A
obligations due 2002, series A—
such
38,022,082
———
.1
Carrying value of securities of, and advances to, other
associate companies, arid of other miscellaneous invest¬
Current and
.
advances
subsidiary com¬
majority-owned
& Electric
Gas
Casualty
AGECORP
claims
168,000,000
——
—...
Associated
securities
the reason that
a
non-consolidated
1.03
E—
convertible
for
of
consolidated subsidiary
series
convertible
old
$560,337,199
—
-
of surviving company (established in
revaluation of assets) against invest¬
reserve
The United
holders:
General
proposed
series B—
series C—_
$7 dividend series preferred stock (per share)
$6 cumulative preference stock (per share)
(9)
companies over related equity in pro¬
of such subsidiary companies as of
1.07
obligations due 2002, series A—
6# convertible obligations due 2002, series B—_
$6 dividend series preferred stock (per share).—
$6,50 dividend series preferred stock (per share).
J
;!
•
6#
net assets
1943)
in
Companies)
unknown amount and $109,190,528 estimated
of carrying value of investments in consoli¬
31,
series D—
following securities of AGECO
convertible
6!/a#
the /right to cumulative voting for the election of directors in
subsequent years.
The
7#
and Subsidiary
plant and equipment (including intan¬
subsidiary
Dover
1.03
convertible
nal
to the plan will name the board of directors for the:
The plan provides that the holders of new common stock
Sheet Reflecting Consummation of the
Reconstruction Program
*
Investments
issued in exchange for the securities enumerated
in Item 7 and as remain in the hands of origi¬
amendment
An
appear -war¬
as
the NYPANJ
General
1931
claims, and the assets of the two estates are not
sufficient, to satisfy the claims of holders of participating securities
and general claims in full.
taxes
$324,788,171
series B of
general
of
excess
to,
certificates,
first
convertible
the
income
'
property,
certificates,
certificates,
debenture
debenture
of
Federal
panies):
certificates,
Such
and
expenses
plant and equipment.
debenture
(8)
and
series C
1929
6#
reconstruction
Consolidated Balance
certificates,
debenture certificates,
debenture
the
assumptions.
Forma
1.07
1.03
1.03
1.03
convertible
of
B
_———
—
debenture
convertible
1
consolidation
a
from gross income in accordance with
program and adjustments of provision for
the amounts thereof; and (b) an estimate
of the surviving company during the
of its existence after consummation of the plan, based upon
year
Less
series)
convertible
6#
6#
series)
convertible
(Manila
(a)
of certain subsidiary companies for the year 1942
(depreciation)
revenues
certain
AGECO
sinking fund income debentures due 1983:
A, 5y2#
—1
B, 5#_
—-——
Series C,
4,/2#_—
Series D, 4#
(6) AGECO sinking fund income debentures due 1986:
Series A,
5»/a#_
(5)
the
of
reflects
statement
income
$4,725,000
interest, etc., of surviving company
2.55
-
-
'83—
5#
10,000
130,000
2.46
'49_
of
850,000
taxes
2.51
2.53
2.51
'58
of
$5,750,000
factors affecting
by
2.53
4!/as
,
35,000
NYPANJ
ranted
2.57
-
4V2s
—*
—
2.61
'65-
of
,1
2.57
'68
of
Income of Surviving Company
—
income
retirement
Less
2.55
of
$5,750,000
—.
adjustments of deductions
dated
2.61
—
'77
5s
company
Adjusted balance of property, plant and equipment
debenture
and
surviving
to N.
—
Note—This
after
net
convertible
-
5s
surviving
results of operations
convertible investment certificates, extended
5s
(4)
debentures—6#
1943
of
of
pursuant
Income available for
ments
convertible
ties
to
Other taxes
the
6#
participating securi¬
available
income
2.96
—
due 2002, interest bearing and non-interest bearing scrip,
preferred, preference, class A, class B common stock and optional and
common
stock, purchase warrants aggregating $157,000,000, for the
the
$9,905,000
Depreciation
2,98
series
AGECO
revenues
3.00
series
334#
obligations
subordinate to
consolidated
of
Combined
1.03
are
com¬
Expenses:
1.03
securities
surviving
(before
——...
the
3.06
—
series A—
that such
$9,405,000
....
T—...500,000
Y. Public Service Commission orders
or
restricted because of pending reorganization
proceedings or pur¬
suant to regulatory commission action.
Dec.
series F—
reason
companies
——1,965,000
revenues
jected
obligations,
certain
subsidiary
—
Income
consolidated
of
Appropriated
6.54
-
series
AGECORP
4#
(3)
j.
certificates,
for
consolidated
of
undistributed
Total
6.51
series
debenture
plan
Crl85,000
3,552,000
(before surviving company expenses)—$7,940,000
available earnings of consolidated
subsidiary companies
——
2,190,000
6.58
;
debenture
the
income
income
Assumed
6.66
series
convertible
in
96.000
——
——
expenses)
pany
*Net
Common Stock
5»/2%
'73s,
convertible
provided
———
—
accrued on preferred stocks
or
(Surviving Company
6#
is
159,000
734.000
—
..
each
(or
6#
participation
of
7,264,000
(less premium)
expense
...
company
claims of
by the
Participating Security—
(1)
Recap Compromise.
No
and
discount
applicable to surviving company
sum
convertible
the
paid
Balance
8s of '40 shall be entitled
6#
;
debt
charged to construction—
Dividends
$21,025,000
—
Administration
Associated
deben¬
recognized
Interest
—
,—
—.—
——
.
—
Corporate
claims
by
as
—.....15,000
deductions
of
6,000,000
$21,010,000
—
—
long-term debt
interest
9,523,000
10,435.000
—
—
—
and other charges
Taxes assumed on Interest
No. of Shares
one or more companies in the
system other than the surviving company.
Holders of other
general claims will receive new common
participating securities and
stock, in proportion to the
——
——
—^
income
Amortization
effective date of the plan:
tures, or in the alternative securities of
Associated
After;
Program
$91,630,000
44,662,000
—
.
—
income taxes)—.
income
Gross
with respect to each $100 of principal and all rights to
thereon, new debentures having an aggregate principal amount
$100
are to be paid in cash.
The new senior debt will be issued for cash to be used in accordance
with
1
;
taxes
treated as provided above.
General Claims—Holders of other
participating securities and general claims shall be entitled to receive
shares of new common stock proportionate to the amounts of their
claims as recognized by the Recap Compromise.
The following table
shows the number of shares of new common stock to be issued for
otherwise, administration expenses and current
or
Statement
Income
the NYPANJ Reconstruction
and
Miscellaneous other income...,.
finally be determined by settlement, litigation or otherwise.
the
liabilities of the trustees
>
reorganization,
of
expenses
shall be paid in full in cash.
United
the
of
Taxes—All
Other Participating
claims
finally determined, by
Corporate
and
company
administration, shall be paid in full in cash.
certificates of AGECO and AGE¬
Series
extent
as
Operating,
Balance
the holders of AGECORP 8s of '40 may be
distribution of securities of a company or companies
system other than the surviving company.
By
amendment to the plan; the trustees will specify which alternative
shall be effective, and the terms and conditions thereof.
in
not be permanently retained by it.
against the estates in such amounts
the expense of the surviving company.
distribution of participating securities Upon
the
(other than Federal
Taxes
and Securities
Series
things,
may
•
and
costs
still unpaid,
extent
4 V2S
the book value of the assets of
The excess of
determined
'40
or
and
retained
and at
benefit
with
Consolidated
Forma
of $102.56, plus interest at the rate of 4% per annum
$100 from July 10, 1943, to the effective date of the plan.
In the
desirable.
debentures
new
AGECORP
be
of the
Consummation of the Plan
receive,
;
in
of
Taxes—Claims
and
shall
ing
debt,
proceedings shall
these
in
or
,
AGECORP not settled
trustee of AGECO or the trustees of AGECORP, respec¬
the
for
plan
v;"
.
Holders of Participating
or
favor of AGECO or
in
the surviving company.
Pro
Plan
the
against the estates or either of
for State and local taxes shall be paid in cash in such amounts
outlined -or as here¬
in a position to take
Upon the consummation of the plan the capitalization o'f the surviv¬
company outstanding will consist of approximately $11,000,000 of
.new
senior debt and approximately 7,500,000 shares of new common
.stock ($5 par), with the possible addition of approximately $8,000,000
principal amount of new debentures, subordinate to the new senior
the
by
AGECORP
AGECO,
of
plan, the court may direct that claims in favor
of the holders of participating securities as such, whether or not such
claims exist by reason of the terms of the securities, be assigned to
7,500,000 shs.
include an estimated $8,000,000
may
them for taxes shall be
of
State
ownership of the principal operating companies in the NYPANJ
and certain other present subsidiaries of AGECORP or AUCORP,
group,
The trustees and the
shall have the
court,
$11,000,000
7,750,000 shs.
—
Expenses—All
expenses
5V2s
direct
filed against either estate.
with the approval of the
claims
consummation
Outst'd'g
Certificates—Trustees'
NYPANJ
after
party
Favor
connection
In
including all allowances which may be made by the court, the expenses
to the creation and distribution of the new securities and
the
above
date
incidental
5 V2
as
in
adjusted
Other
To Be
$11,000,000
-
par)_
the capitalization
Under
is also expected that (a) AGECORP or the surviving company
acquire the assets of AUCORP, and (b) that upon completion of
program,
AGECO
effective
Surviving company income from non-consolidated subsidiary
Treatment of Various Classes of Liabilities, Claims
will
reconstruction
Claims
Surviving Company—The capitalization of the
the
Authorized
3V2#
The
Plan
against
the
settlement of any such claim under the plan, the
In interest in either estate, may seasonably
or
any
Securities—All
Interest on
amount of new debentures.
principal
Summary of the Plan
,
at
right to settle or compromise any such claim.
$37,850,000
company
stock ($5
addition,
or
port its capital structure or
It
20,450,000
11,000,000
———
debti..——
senior
common
In
the
claims
and intercorporate
securities
>
State Commissions, litigation or otherwise, on
the flow of cash from the operating companies to the surviving com¬
pany, or upon the surviving company's disposition of its income, which
•imposed by Federal
or
Federal income
of New
The
(6)
as
$6,400,000
court;
by the SEC. and by
«'
of
sales
Capitalization of
each
settled;
(4)
the
returns
filed, and the
for 1943 taxes
sources
in the NYPANJ group by receipt
t
surviving
satisfied
the consolidated
for the year 1942 will be
consolidated liability, of the
will be determined on sub¬
trustees,
operating revenues
_
Operating expenses and maintenanceProvision for retirement (depreciation)
surviving company shall include:
New
of
Date
settled
or
Gross
shall be AGECO, AGECORP, or any other
existing or new corporation, as may appear advisable in the interest
of security holders.
>l
Assets of the Surviving Company—Upon consummation of the plan
all. of the assets of the two estates, except claims in favor of either
estate: not settled or adjusted by the plan or in these proceedings
shall be vested in the surviving company.
:
'
The
alternative,
199
1941 and
1940 and
group)
•
Surviving Company, Its Assets and Capitalization
equal to the
of the
Bankruptcy Act, will accept the plan, thus settling the claims of the
United States against AGECO and AGECORP for taxes for 1934-39;
(2) The Federal income and consolidated excess profits tax returns
by the trustees for the years
from other
—:
or
AGECORP 8s of '40—Holders of AGECORP
Proposal of the Plan
by the
United
Proceeds of new senior debt——
to
$6,015,000
proposing the plan the trustees have assumed that:
(1) The Secretary of the Treasury, pursuant to Section
AUCORP,
from
,W-—-—-—_.....—_
Total
as
In
filed
NYPANJ
received
be
to
or
investments
transfers
them
869,000
$35,868,655
;
of
Cash made available
on
'
f
of
(derived
trustees
Coach,
interest
Total
hands
the
AGECORP
(c)
Effective
AGECORP—Any
or
adjudicated
finally
(Surviving Company and Subsidiary Companies)
Cash
(a)
141.000
5,186,290
1986—
to be met from the following
requirements are estimated
AGECO
not
object to any claim
surviving company,
sources:
$300,000
27,675,115
2,300,000
$37,850,000
———;
—
Against
plan, which shall finally be adjudicated to be valid or which
shall finally be settled, shall participate under the plan in accordance
with the rank thereof, as determined by the court.
For the purpose
tively,
2,800.000
32,000,000
-
Claims
enforced by the
$750,000
...
(including interest)
—
These cash
to Be Surrendered
'78s
of
settlement
certificates
Federal
Princiipal Amount
recon¬
or
Trustees'
should
Principal Amount
AGECORP
adjudication
the NYPANJ
for
Reorganization allowances, expenses, and other non-recur¬
ring costs, working capital and other corporate purposes..
by
hospitalization
and New England
insurance
agreement
as
of
required
is
the
at
the
are
any
(NEGAS).
UESCO
the
of
NYPANJ reconstruction program
their proceeds,
life
Association
Consummation
to
of
plan of reor¬
will be turned
companies, to be used
to
pursuant
or
employees'
plans
Gas
therefor
issued
of AGECO and AGECORP,
ganization
issue
cash
of
amount
States tax
Trustees'
ad¬
an
each
2.2194#, computed to the nearest $1,000, of
participating securities, if any, still held by UESCO.
(5) The
balance of the participating securities,
if
.UESCO,
Cash
United
New
will
UESCO
payment
ditional
.
together
the
in its possession,
participating securities, or the proceeds from
of
may
as
Upon
surrender
liquidated.
apply the remaining cash
amount
sale
•
of the principal
held by UESCO..
than participating
the nearest $1,000,
to
each issue of participating securities
(3) UESCO will
;;
computed
14.5521#,
The securities in the portfolio of UESCO other
(2)
totaling approximately
program.
steps
itself
group
Co.
holder of participating securities.
UESCO
fable securities other, than participating
amount of
AGECORP
Additional cash is needed for other plan purposes.
contemplated through which that cash will be made
available.
These steps involve the sale in the market of certain port¬
folio
securities held by NYPANJ and AUCORP and sales of various
properties, primarily transportation properties held by United Coach
Co., or in the Shinn & Co. group.
Over two-thirds of the cash require¬
ments will be met from within the system, either within the NYPANJ
struction
Various
(b)
(UESCO) is the largest single
holds in its portfolio marketsecurities, having a market
value as of May 29, 1943, of approximately $4,629,494, and $35,868,655
principal amount of participating securities.
On June 4, 1943, the
trustees, UESCO and others entered into an agreement, subject to
the approval of the SEC and the court, providing for the winding up
;of the affairs of UESCO in accordance with the following program:
(1) UESCO will surrender for cancellation and retirement without
Securities
Employees
substantial
-
Undetermined
or
1940,
for
taxes
Claims
against
discharged by this proposed
taxes prior to
1940, and
Cash Requirements
A
the
Utilities
withholding
the United States
by
security
social
for
$12,000.
•J Questions as to the relative rank of the claims of the holders of the
outstanding old securities against the assets of the estates are involved
in
and
stock
capital
claims
are
not be
which would
AGECORP
or
settlement
asserted
heretofore
claims
tax
AGECO
2343
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4187
157
Other-
Contingent assets in
Total
....
—
——
recovery
claims
......
....
7,925,221
1,227,292
1.189,162
1
$380,267,122
THE COMMERCIAL & FINANCIAL
2344
in
hands
of
the
public;
'
-
Premium
on
Provision
for
preferred
Provision
for
$190,151,036
stocks
62,167,400
182,000
.
preferred dividends in
debentures
new
otherwise—,
or
7,905,053
—
Equity interest:
Excess of
other
the
as
assets
net
credits
other
and
(as
stated
and
liabilities
over
treated
direct
provisionally
of surviving
stock
equity
of
common
to
to
Contributions
Matured
Jan.
in
bond
10,
aid
of
etc., of AGECO
interest,
1940
Suncook
and AGECORP, at
Long-term debt due within one year
p'Note
payable
Accounts
„_
—
and
payable:
companies
Associate
Other
■;
-—
-
•Net
income:
'/Current
Prior
year
Other
Baldwin
Customers'
and
current
Deferred
2,833,678
deposits
liabilities
accrued
The
599,830
Customers'
premium
_
'
i
Total
—
Note—The
cash
that
$380,267,122
:
-
into
reflect
actual
months
from
the
pro
transactions
announced
and
income
>
companies
adjusted
were
that
at
65
of
voting trust certificates for
that
on
has
of
date,
been
will
declared
record
June
the
on
15.—V.
before June
or
stock
common
the
receive
dividend
of
common
157, p.
stock
close
the
cents
payable
to
of
business
(Including
June
ended
group
output
131,493,810 units
(kwh).
was
units
V.
electric
net
12.7%
or
157,
11,
above
&
production
Electric
of
the
This
of
Corp.
Coach
Co.)
1,201,875
5,975,135
Associated
is
increase
an
116,660,030
&
Gas
$411,009
$2,334,923
$1,287,281
290,766
1,528,371
914,004
units
of
a
___
$205,813
$120,242
$808,552
income
The
SEC
12
June
on
ago
3,224
793
13,195
order
an
Fixed
$8,310,058
$5,937,141
by
Inter,
Net
the
of,
assets
($1
and
be
to
par)
claims
of
against,
delivered
by
Utility
Atlantic
will be dissolved.—V.
€o.
157,
Texas
Texas
and
30
are
Service
Utilities
shares
Corp.
of
Texas
■,**
Co.
stock
common
operating
expenses
from
revenue
Railway
1
1
—V.
railway operations.
$2,491,044
1,820,350
$1,679,716
269,201
$837,939
$401,493
67,525
facility rents, net Dr
railway
Other
158,170
income
Income
20,435
Interest
available
for
unfunded
on
Net
62
$626,907
_____
General Balance Sheet,
in
road,
equipment,
...
Temporary
cash
balance
Material
Total
570,958
54,545
& conduct.
17,153
258^555
257
Net
Grants
in
374,4681"
aid
Dividends
of
construction
and
of
rents
tax
in
This
record
and
Unadjusted
—
3,969
credits
3,031
' 2.667
compares
and 25 cents
heat
30.
June
April 24,
on
and loss
p.
115,067
(3,227,620
302,100
;
301,899
26,150
2,410,051
balance—
of
cents
5
to
share
per
This
value
common
similar
A
dividend
a
of
cents
25
stock,
payable
distribution
directors
The
2
Of
2,031,182
$9,295,284
the
While
armed
on
June
initial
services,
thousands
The
the
over
The
class
A
announced
that it is putting into immediate ef¬
its post-war program.
entire facilities available to meet the needs of the
1943—6 Mos.—3942
522,986
escape
and
and
paratrooper
vehicles,
mountain
Navy,
i
currently
bomb
tents and
producing
parachutes, ^cargo
fragmentation
chutes,
other synthetic textile
large
quantities
chutes for
of
tanks,
ponchos,
jungle
materials
for
to
its
sewing
plants
Rayon completely
to
consumer
integrated
from
products.
declared
payable
dividend
a
July
of
22 Vz
cents
holders
to
24
raw
yarn
to
have
of
Net
sales
30,
10.
June
last
year,
1687.
p.
of
Cost
and
will
retail
sold
market
or
Other
make
distribution of
a
compared
Oct. 1,
15 cents
with 30 cents
1942.—V. 157,
on
1942
year
shows
consolidated
net
at
one
was $2,226,756.
Dividends
stockholders in quarterly divi¬
to
$2,
for
and two at
1942
machine
$1.50.
amounted
tools
for
was
and
mechanical
drawings,
patterns
tools,
and
items.
1940 and
contingencies
1941,
$1,000,000,
contingencies
the
directors appropriated
thus
following
war
making $3,000,000
operations.
the
To
this provision there is added a liability
following renegotiation, of $5,300,000.
Calendar Years
returns
(Including Subsidiaries)
1941
y
allowances— $60,144,699 $43,605,746
and
204,763
income
151,363
$60,349,462 $43,757,110
for payment
to U. S. Govt,
(renegotiation
contracts)-—
war
for
5,300,000
of
cost
general
goods sold
administrative
and
38,549,617
26,491,645
expense
2,540,548
2,082,369
—
1,000,000
_
contingencies
charges
1,000,000
106,091
93,337
(10,626,449
*9,704,117
$2,226,756
Provision for Federal income taxes
Consolidated
Dividends
payable
made
was
March
31,
a
$4,385,640
2,703,090
June
on
30
of
to
30
March
available for
$1.50
Note—Plant
and
$1,224,675
last.
Sept.
as
its
com¬
share
record
customers'
State
$1.50
the
on
June
Payments
30,
Ended
lower
of
Dec.
of $460,000 to
cost,
average
depreciation
in 1941.
in
each;
31,
advances
local
and
21.
1942
1
(par
amounted
Sheet,
Dec.
1941*
paid
in
$1,460,189 'in
to
31,
and
re¬
1942,
1942
1942
unfilled
on
accrued
orders,
payroll,
$319,605;
accrued
$11,960,072;. amount payable
to
U.
$786,807;
Federal,
S.
Govern¬
$50),
$6,931,000;
156,
consolidated
surplus,
reserve
$13,693,858;
capital
total,
249.
p.
quarterly dividends of 70 cents each recently declared on
preferred stock, no par value, are payable July
as previously reported)
to holders of record June 15.
wipe out all accruals on this issue and bring dividends up
cumulative
July
will
date.
Oct. 10,
10
last
The
quarterly payment of
70
cents per
share
made
was
1942.—V. 157, p. 2211.
Earnings—
90,746
$77,010
.
3 Mos. End. Mar. 31—
:
"Net profit
Earnings per share
capital stock
1,359,359
and
$1,436,369-
1941
1940
$369,567-
$199,508
$218,772
charges
taxes
and
$0.58
$1.07
$0.78
and
excess
profits
tax
in
$0.63
1943,
1942
1941.
tAfter
war
all
1942
1943
t$270,328
on
_______
After
taxes
•
total, $43,210,114.
$1,218,771;
Campbell, Wyant & Cannon Foundry Co. (& Sub.)-—
$60,131,193
—_
'
and
three
(not
to
re¬
deductions
?
1940
$31.64
income
post-war
resulting from renegotiation of war contracts, $5,300,000;
arising
from
war
operations,
$3,000,000;
on
______•
:
$1,018,640
contingencies
This
1912
$167,756
Net loss for year__-v-r—
tNormal
(less
Burdine's, Inc.—Dividend Dates—
and
60,298,949
———;———
expense
Balance
payable,
taxes,
$43,210,114.—V.
replacement
income
$7,30^494.
$9,152,339; prepaid expenses, $146,312;
increase
(& Subs.)—Earnings—*
Year
of
$1,000,249; U. S. Treasury securities (incl. $3,505,000
notes, series C 1945, at cost and accrued interest), $7,353,946;
receivables,
$6,747,828;
inventories,
$17,468,461;
investments,
etc.,
$1,340,980; fixed assets (less reserve for depreciation of $12,071,420),
The
Statement,
taxes
Consolidated
for
per
holders of
31,
and
(including provision
to
profits
excess
$16.20
_
surtax, $1,138,240; excess profits tax
fund), $9,167,760; additional taxes for
$320,449.
157, p. 1143.
Income
1,108,960
share
common
per
Liabilities—Accounts
dividend
June
income
net
paid
Earnings
14,
store
.
per
Assets—Cash,
realizable value)
loss
cents
income
Other
*
Net
the
assets
Government,
Provision
on
July
Operating loss
Other
35
paid
$587,842
___________
„
cents
to $1,487,292,
of
equipment;
building extension and additional provision in power,
equipment; $85,150 was for miscellaneous equipment
for
Manufacturing
share
per
____
goods
inventories
10
of
tax
fee
of
Dividend—
dividend
its subsidiaries
new
$11,960,072.
Selling,
prices and amounts reimbursable under
cost-plus-fixed-fee contracts, including pro rata uxor tion
hammocks,
for
additional
for
U.
Total
fixed
at
fixed
S.
157,
731,053
record
kilowatt-hours
number of
declared
stock,
payment
follows:
of
for
share,
per
for
to
the
'
Consolidated
distribution.
share
per
record
April
Co.—Output Up 10.4%—
Brewster Aeronautical Corp.
guns
the Army
It
cents
of
Nov.
.
ended Jan. 31, 1942, another subsidiary com¬
Inc.—was in existence (it was merged
on Jan. 10, 1942).
Its figures are included
for that period.-
reports the
common
as
extra
an
April 1, last,
stock,
were
was
for
reserve
the $2.80
As
the first move to put the
plan into effect, the corporation
simultaneously announced the purchase of the Suncook Mills, Suncook, N. H., one of the oldest mills in New England, yet at the pre¬
sent time one of the most
modernly equipped rayon greige goods weav¬
ing plants in the country.
Through this acquisition, Atlantic Rayon
Corp. will be assured an ample supply ox suitable rayon fabrics for
Atlantic
A
duce
in
156,
common
and
$1,108,960
was
reserve
Budgets,
have
Dec. 31, $2.50.—V.
v
conversion
37>/2
and
1942
preceding week output was 30,620,000 kwh., an increase of
the corresponding week last year.—V. 157, p. 2211.
directors
similar
were
human
big
to
Other
on
702,050
report
company
Income Account for
1943—12 Mos.—1942
674,006
On
the
to
this
is
25
Sharpe Manufacturing Co.—Annual Report
annual
the
$600,869
stock
Corp.—Acquisition, Etc.—
of
corporation
of
holders
to
-1941.—V.
initial
amounted
(& Subs.)—Earnings—
*
10.4%.
$8,212,818
new policy will insure continued
employment for
highly skilled employees against a possible slackening
of government war orders by
utilizing all facilities not needed for war
materials for the production of essential civilian
goods.
its
1859.
p.
year
stock,
company
For
steps in
keeping its
156,
Neither the company nor any of its subsidiaries has any bank loans.
At the close of 1942 provision for taxes, Federal, State and local,
ment
12
of
Sales, less discounts,
1942.—V.
18,
&
final
15
July
made
was
July 15, Oct. 5 and Dec.
15.
on
an
share
per
territory for the week ended June 12, 1943, as 32,062,000
pared with 29.031,000 for the week ended June 13, 1942, an
corporation, one of the largest companies in the synthetic tex¬
field,
25
June
on
declared
and
1943
minor
toial
2142.
Atlantic Rayon
29,
Following the practice of
company
consolidation
common
7.4%
—__i_
—
parent
Boston Edison
2,667
3,328,579
and> surplus—
have
and light
furniture, and
and
Brandon Corp.—$1.50 Class A Dividend—•
tile
The
$213,430
3,291
;
June
made
Nov.
dividend
a
payable
made
was
2,
Expehditures
Distributions of 20 cents each were made on Jan. 25 and April
24,
last.
Payments in 1942 were as follows:
Jan. 24, 21 Vz cents, and
April 25, July 25 and Oct. 24, 20 cents each.—V. 157, p. 1265.
46,060
720,472
to
prop, through income
Miscellaneous
fund
reserves
profits tax.—V.
excess
988.
Prov.
the
the
the
7,701
unpaid—.:
$3.35
a
""Includes
13^732
accrued
Add.
fect
Jan.
which
Larger Distribution—
$2,463,600
7,701
26,963
liability...
$1,005,016
$5.57
declared
were
and
dends—one at $3
the common
on
$16,991,003 $16,835,708 $29,731,085 $28,925,180
90,488
_
payable
payable
wages
accounts
matured
Unmatured
157,
par
profit after taxes—
with
$8,212,818
$2,463,600
__
Miscellaneous
—V.
dividend
extra
an
declared
no
pany—Bloomingdale
8,276
$9,295,284
accounts
Total
declared
16
outstanding
The
stock
19
directors
and
share
per
Sons Co., Ltd.—Extra Dividend—
June
on
Note—During the
Liabilities—
Capital
Profit
have
Sales
305
34,080
_
Accrued
share has been declared
holders of record June 25.
per
to
1
Period End. Jan. 31—
40,009
receivable
—
debits
-
I:Audited
cents
Bloomingdale Bros., Inc.
101,200
112,494
agents
receivable
$1,672,113
$0.76
quarterly dividend of 15 cents per share .on the common
stock, par $7.50, in addition to the regular quarterly d'ividend of $1.25
per share on the 5% preferred stock, par $100, all payable July 1 to
,$238,514
1047.
156,038
323,831
from
dividends
assets
Unadjusted
227,410
supplies
and
Deferred
25
Bertram &
directors
last,
24,
$7,540,794
_
accounts
and
Interest
$193,273
1941
investments
receivable
Miscellaneous
stock,
income
July
directors
the
on
p.
$7,597,240
etc
$227,286
$0.89
Brown Durrell Co.—10-Cent Extra
Birdsboro Steel Foundry & Machine Co.—Dividend—
$220,167
1942
Cash
have
common
on
of
Investments
Net
$115,269
? \
the
The
Dec. 31
Assets—
2,458,562
Cr456,800
—'
usual semi-annual dividend of
15 cents per share on the
stock, par $5, both payable Aug. 16 to holders of record July
31.
Like amounts were paid on Feb. 15, last, and on Feb.
15 and
Aug. 15, 1942.—V. 157, p. 341.
$220,229
debt...,.
income
of
payable
holders
v
300,000
$77,420
■"
2210.
p.
dividend
The
6,222
$626,940
...
5,452,500
for Federal
July
common
24,314
33
charges
1,301,500
$268,500
and
p.
50,000
$226,451
5,740
fixed
846,000
Cr71,800
share—
distributions
on
re¬
—
(John)
139,684
deductions
239,943
$3,463,578
ex¬
directors
the
with
$202,137
$632,680
income
Miscellaneous
$238,514
with 50 cents paid on Dec. 17, last, and on Dec. 29, 1941
each on July 1 and Oct. 1, 1941.—V. 157, p. 1645.
59,672
$612,244
income
Total
operating
117,603
$493,278
(incl.
accele¬
depreciation)
157,
and
Net
310,986
$115,269
Barker Bros. Corp.—25-Cent Distribution—
A
$670,694
841,777
operating income
Equipment rents, net Dr
67,231
$6,667,813
—
com.
amounting
$4,000,671
Railway
Joint
22,351
v,,<
1941
accruals
tax
$378,469
15,483
$127,420
special war
rated
stock,
Net
$819,747
5,766
Remainder
-
2,320,956
revenues
operating
$121,035
77,746
income
serves
Utilities
1942
Railway
of
holders of record June
Report—
Calendar Years—
91,405
$1,528,786
taxes—__
profit
per
share
3,871
series A deben.
on
Prov. for
Among
General
,v.
15,155
$1,042,700
taxes—
refund
Brown
West Point RR.—Annual
Railway
before
profits
The
2210,
p.
■
Atlanta
General
acquisition
the
(less
Similar
$209,037
charges
Associated of all the assets of Texas. General Utilities Co., subject to its
liabilities, upon the surrender for cancellation of all the outstanding
•securities
income
Gross
approving
$3,223,635
Brockway Motor Co., Inc.—37Vz-Cent Dividend—
5,191
Operating income
—
Co.—Acquisition—
issued
$6,600,582
charges)
Post-war
The
Electric
104,637
$1,437,381
$3,328,272
14,833,780
year
Non-operating
Associated
104,919
*Provis'on income taxes
$373,278
income-
Taxes
Electric
30,188
$1,027,545
profit
miscell.
4,649,860
$566,618
.
revenue
27,042
period provision
1,524,941
expenses
$6,705,501
1943—4 Mos.—1942
$1,612,884
operating
$1,467,568
$718,000 in 1943 and $926,000 in 1942 in the 3 months'
period and $4,630,000 in 1943 and $1,651,000 in 1942 in the 12 months'
360,805
Net
report for the week
2142.
p.
Net
Other
1943—12 Mos.—1942
$1,054,587
amortization
on
Gas
Corp.—Earnings
1943—3 Mos.—1942
"••Includes
$2,091,559
Operating
trustees of Associated
Stratton
profit from oper.__
Prov.
for
deprec. and
holders
to
30
$84,241,045
2144,
p.
Briggs &
cess
Weekly Output—
The
566,551
_________
157,
Net
1943—Month—1942
program.
1,289,904
2,035.235
Period End. March 31—
2210,
Baltimore
1,000,000
•
Net
which
Co.—Earnings—
Period End. April 30-
311,250
contingencies—
1,793,029
Total
business
share
per
June
42,839,682
Capital stock (par $1)
Capital surplus
Earn,
Baltimore Transit
77,000
764,898
contracts
on
Deficit
and became holders
15
at
75
of
claims, penalties, guaranty repairs, etc.—
income taxes-—prior years
income
Profit
on
779,911:
7,500
3,112,035
mortgage
for
Deferred
shares.
common
Bondholders who converted
recorded on
the
books during the
three
31, 1943), and (b) the effect of the completion
during 1943 of the steps included in the plan and
reconstruction
Reserve
excess
.
close
the
500,000
;
advances
Real • estate
673,111
March
time
to
NYPANJ
constituent
Federal
•
7,950,109
„
liabilities
for
transactions
ended
time
with
for
,
$24,800,000
.
miscellaneous—
social
for suits,
...
203,487
—
forma balance sheet reflects consolidated assets and
liabilities of a portion of the Associated system at Jan. 1, 1944, based
upon
the pro forma balance sheet (corporate basis), and pro forma
balance sheets of subsidiary companies.
The pro forma balance sheets
of subsidiary companies are prepared on the basis of actual balance
sheets as of Dec. 31, 1942, adjusted to reflect (a) the 1943
qperations
of these subsidiary companies (on the assumption that such operations
will duplicate the financial results reflected for the year 1942, except
.
>
i
and
payable
Rer*rve
$9,700,481
reserve
v
Accrued
redemption on Aug. 2, 1943, at the redemption price of
105 plus interest to date of redemption, there were $4,210,000 face
amount of the bonds outstanding.
The bonds may be converted at any time on or before the redemption
date into the $13 par value common stock of the company represented
by voting trust certificates, at the rate of $1,000 face amount of bends
196,454
Other
•'
recently
bonds
Injuries and damages
\
889,939
security taxes & other State and local taxes
Real estate mortgage payable—current instalment
1948
May 29,
voting trust certificates for
Reserves:
1
to
1
to banks
payable—trade
Accrued
-V.
1,214,978
118,567
advances for construction
Other
and
2,022,398
debt
on
1
_
June 15, $3,591,000 face amount of its refunding mortgage bonds, 6%
convertible series due 1950, had been presented for conversion into
common stock.
When the directors at their meeting on May 27, last, called the
credits:
Unamortized
1,751,926
™
i
—
$84,241,045
Commissions
Locomotive Works—Bond Conversion Prog¬
company
4,907,515
303,474
Liabilities—
ress—
453,894
__
17,176,175
47,818,690
Reserve for Federal
-
renegotiation
2,288,274
debt
:
contracts—
:_u,—iA'iAA--—1^*.^
charges
Customers'
—
profits taxes,—V. 15,7, pr, 1418.
accrued:
Long-term
Other
—
4,956,344
unpaid under
suppliers (less reserve)
assets-
Accounts
.
3,086,941
,—
Interest
Other
"'Before
1,705,179
768,284
—
years
Corp.
;
——
profit
fees
i_L_
,
Notes payable
H.,
Earnings for Period Jan.
sales
Net
accrued
4,959,333
,
miscellaneous,.'
Total
director of Atlantic Rayon
a
and
cost-plus-fixed-fee
to material
Deferred
Mills,
N.
691,784
preferred stocks
on
Fixed
|See also Suncook Mills on a subsequent page."]
accrued:
Federal
v
86,450
2,421,753
—
;_
Dividends
Taxes
Suncook,
Govt,
and
Other assets
formed in 1863 to take over the original mill in
founded in 1813, has approximately 700 employees,
and for 17 years has been a pioneer in producing cotton airplane cloth.
J. Linzee Weld, President of Suncook Mills, will become Treasurer
477,936
124,296
1,078,058
(contra)__
expenditures
$1,477,650
—__
receivable—customers
Advances
the stimulus of war, Textronic research has already achieved
equivalent of many years of normal technical progress.
Rayon Corporation has a plant at Providence, R. I., and
Manchester, N. H., and two plants at Lowell, Mass.
3,716,656
(non-refundable)
construction
S.
U.
hand.
on
Inventories
Atlantic
84,724,946
in
Unreimbursed
the
creditors of the estates entitled
1942'
31,
bank—Navy advance payment account
retail outlets.
to
Dec.
Cash
"Under
security holders and other
to participation therein
company
interest
be issued
debits
herein)
Sheet,
banks and
Accounts
type plants must shift production immediately to consumer products to
prevent the entire civilian economy from being thrown out of balance.
"As a further step in implementing its post-war program, Atlantic
Rayon has formed a wholly owned subsidiary, Textron, Inc., under the
laws of New York State.
This compapy will develop, style and mer¬
chandise all types of synthetic fabric consumer goods for distribution
47,790
11,000,009
arrears
______
Balance
Cash in
Corporation
liability to holders of AGECORP 8s of '40 in
the form of
Consolidated
Assets—
necessary
,
________
senior debt
New
,
1
Long-term debt
Capital stocks:
1 ,f
Preferred (stated at Involuntary liquidation value)
.
Monday, June 21,1943
"Immediate
^ Long-term debt and capital stocks of subsidiary companies
■
CHRONICLE
action on the corporation's program has been
made
in part by the current tendency of the Smaller War Plants
to reduce the size of war orders to larger plants and
spread the contracts among as many small manufacturers as possible,"
Royal Little, President, stated.
"If government policy is to ask small
plants now on consumer goods to accept war work and such work is
taken away from large plants engaged 100% on war work, the latter
Liabilities—
on
charges
and
provision
income and refund
contracts.
'
-
of
$3,650,000
for
estimated
Federal
resulting from renegotiation of profits sxm
„"
.
•
Volume
Net
profit
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4187
157
the
for
March 31, 1943, was $970,195
for Federal taxes on income
Net for this period is equal to $2.81 a
months ended
12
charges and provision of $9,730,000
after
and
refund;
regenotiation
share.
*
.
those
include
Control
Goveromentof profits determined to be
Campbell, President, states that profits of the company
contracts subject to provisions of the War Profits
J.
D.
from
Act,- providing for refund to
■'V*5''
"v"'
BXCCSSiVC.
negotiations respecting such profits for the year 1942 have not
been completed and there has been no negotiation respecting profits,
for 1943," he said.
"The financial statements reflect provisions for an
estimated amount to be paid to the Government as refund of profits
'.
"The
Pending a determination of the
amount of the
statements cannot be final and
are
subject to adjustment of the provision for refund and taxes."
Current
assets
as
of March
31,
1943, including $1,244,951 cash,
amounted to $5,972,531 and current liabilities were $3,713,358.
This
compares with
cash of $1,327,733, current assets of $5,573,643, and
current liabilities of $2,864,205 on March 31, 1942.—V. 157, p. 2037.
and
and
income
profits taxes.
refund, the financial
excess
v
California Electric Power Co.
Operating
Other
242,422
taxes
1,854,038
1,943,983
632,200
618,636
$3,337,679
812,891
$2,686,284
620,685
income
on
Net
revenues
oper.
Provision
for
deprec.
1939
$5,387,590
250,892
2,209,962
585,664
561,157
$2,544,629
607,565
230,601
—1
operating exps._
other than Fed
Taxes,
v
1940
$5,216,526
198,964
1,887,269
$6,066,340. $5,479,505
revenues
Maintenance
(& Sub.)—Ann. Report
$2,365,580
588,127
1941
1942
Calendar Years—
J
of
subsidiaries
a
Net
oper,
Other
for
14,799
13,704
(incl.
profits
ex¬
Consolidated
1942
39,440
therewith, the various companies proposed as follows:
proposes
to sell and Walton proposes to buy, for a
cash consideration of $3,746,672, the securities and accounts of three
of Central's • wholly owned subsidiaries, namely, Citizens Electric Co.,
Central
(1)
Arkansas
an
bonds
due
Springs
of I'M
$338,431
bonds
due
$527,855
$50,492,088;
ill,
Dec.
V.
$
Operating
Operating
amount
of
-
Net
V.
expenses
revenue
157,
$2,834,000
10 Days
Ended May 31—
•
earnings
Week Ended June 7
Traffic
1
-
earnings
—V. 157,
2144.
p.
$
$
Etc.—
Period End.
of
Production
*
the
amount
rainfall.
of
15
1943, 4'i
1,
The
or
Output
Fed.
8,328,580
for
ended
year
year. 1941.
The statement
for
.
the
Dec.
the
Payment,
Output
of
As
in
31,
of
hands
the
—V.
Dec.
the
1942,
investors
general
had
Net
The
National
Chase
Bank
the
of
losses
the
deposited
in
o'clock
on
noon
8,911,240
—
reduced
bonds of
the
pfd.
value,
$428,000—par
to
501,606
$62,789
City
-V.
157,
$829,118
New
York,
trustee;
Period End. April 30—
1943—Month—1942
$1,369,806
revenues
1943—12 Mos.—1942
$436,045
$437,441
$5,704,597
Operating
expenses—
219,872
228,176
2,983,322
$5,098,143
2,779,657
31,745
64,498
614,543
528,813
36,307
43,220
392,689
425,907
40.750
39,250
534.757
459,000
3,132
2,998
37,202
37,253
$104,239
$59,299
$1,142,084
and
59
45
488
10,180
Other
taxes
Prop,
retire,
*
appr.
of ltd.-term inv.
Amort,
Net
operatg.
Other
income
Gross
revenues
(net)
$104,298
deduc.—
etc.,
$59,344
$1,142,572
$877,693
19,614
income
Interest
Net
res.
20,193
238,808
240,324
$39,151
$84,684
income
stock
for
the
4,499,374
157,
$903,764
$637,369
period--
108,054
of
99,023
58,186
853,664
16,206
10,408
133,471
135,597
126,807
1,566,870
1,475,906
110,104
106,142
1,251,329
1,215,637
100,838
9,747
9,522
118,580
288,032
17,939
17,477
210,823
income
$675,973
$614,101
$7,436,290
Surtax
excess
Net
17,337
8,553
124,275
divd.
—V.
157,
$693,310
$622,654
$7,560,565
$6,705,549
169,468
2,257,108
1,969,531
(Normal
$795,710
$529,315
.
2038.
74,097
75,351
90,697
951,826
914,029
1,072,886
103,485
$300,315
profits
$287,138
$3,437,602
$3,226,219
111,820
141,430
1,593,703
requirements
436,913
1942
Public
Service
Corp.
—-
To
Sell
Properties, Etc.—
Declarations
Gas
Co.,
a
have
susbsidiary
and
filed
with
the
SEC
by
Arkansas
Louisiana
of Arkansas Natural Gas Co., a registered
subsidiary of Cities Service Co., by Federal
holding
company
Light
Traction Co. and its subsidiary, Central Arkansas Public
Corp., both registered holding companies and both indirect
&
Service
a
Trust
profits..-
excess
the
due
May
taxes
675,000
250,000
$5,417,695
exps.
4,268,901
(buildings, machinery and equip.)
160,639
(gypsum and gypsite deposits2,434
4,653,605
159,783
3,209
profit
_
$217,788
$601,098
99,945
68,102
$317,732
income
Interest
$669,200
S.
U.
deductions
5'V5» rM
on
13,344
gold
debentures
21,344
102,584
111,640
44,722
sinking fund
for income and excess
Provision
204,373
profits taxes:
Government
Canadian
Government
income
Net
of
40,175
49,713
$116,906
$282,130
—
period
amount over cost
purchased during period—
credit
earned
to
discount
and
included
Products
consolidated
the
in
Corp.—V.
of
157, p.
for
1942
Corp.
and
Dr$193,488;
prepayments,
amortization,
materials
and
1,404,025
reduced
$12,300
by
1943
(no
stock
$100),
par,
reserve
supplies,
priced
for
(par
_
_
income
at
in
process
$7,721,039;
1%
1
1940
$81,316
$77,929
$69,755
16,755
16,099
18,621
_
$65,217
$59,308
in-first
receiv.
series C)
(less
1,232,635
1,207
(war work)
deferred
to
charges & development
employees
costs—
—
—
2,333~489
2,836,182
reserve)
,
expenses
1942
$1,019,776
390,000
interest
3,896,041
244,179
144,542
29,650
2~17~504
2,366
28,942
3,336
refund
of
excess
4,659
4,561
profits tax
2,163~609
2,271,221
54,267
*
Total
62,127
*
$8,786,930
—
$9,728,512
Liabilities—
$700,000
payable to banks
payable
Notes
Accrued
$350,186
payrolls,
351,528
491,539
48,000
48,000
State
for Federal and Dominion income taxes
Reserve
(estimated)
Reserves
for
for
Reserve
adjustments
year-end
conversion
of
net
current
assets
18,807
Canada
in
330.351
214,629
374,862
bonuses, commissions,
local taxes, royalties, etc.
and
Unearned
income
cumul. pfd.
stock
Capital
Earned
stock
($5
———
26,222
1,354,900
($100 par)
par)
1,354,900
3,713,958
3.713.958
472,512
472,512
2,232,368
surplus
$8,786,930
Total
157,
p.
16,542
6,707
—
surplus
2.222.959
$9,728,512
1524.
Chicago, North Shore & Milwaukee RR.—Registration
$53,719
Withdrawn—
sale of port¬
on
registration statement (2-5126) filed May 12, 1943. and covering
deposit for equipment trust certificates, was withdrawn
The
out"
basis
$0.65
Property, plant and equipment (less reserves)_
Patents and patent license rights (less amort.)
-V.
$63,513
(tax
notes
accounts
&
Advances
sale of port¬
securities—
$0.28
stock
1943
Treasury
Deferred
16,036
profs, bef. gain or
securities
305.500
$326,220
$1,575,150
S.
Common
1941
$80,268
Expenses
81,064
106,500
Accounts
Chemical Fund, Inc.—Earnings—
income
1,120,659
(est.)
Inventories
cost,
average
expense
shares),
1942
$2,145,332
1,397,651
115,961
etc.)_
taxes
Assets—
$100),
1943
115,139
$1,467,518
$159,295
Dominion
&
Cash
5%
Quarters Ended Mar. 31—
$2,030,193
Comparative Consolidated Balance Sheet, April 30
uncollectible
$9,319,200; 6%
cumulative
preferred stock
(par
$3,113,800; long term debt, $30,750,000;
accounts payable, $651,380; accrued preferred stock dividends, $610,498;
customers'
deposits,
$527,641;
accrued
interest,
$467,581;
accrued
taxes, $960,462; other current liabilities, $47,686; reserve for deprecia¬
tion, $6,632,306; contributions in aid of construction, $142,155; earned
surplus, $1,400,067; total, $62,343,814.—V. 157, p. 2038.
preferred
4,972,053
96,231
income
Post-war
$64,247;
202,180
1942
$7,002,246
$1,371,287
profit
Investments
1942
$60,191; debt discount and
total, $62,343,814.
stock
Report—
4,265,320
income
Net
Other
a
$2,123,658;
Liabilities—Common
Certain-teed
$5,636,607
for Fed.
Notes
7,411
$1,306,230
|
accounts,
of
(Dei.)—Serai-Annual
Selling and administrative expense
Other deductions (sales disct.,
interest,
U.
has been
31,
statement
income
Total
9,591
2,259,574
Sheet, Dec.
income
1940.
sales
Gross
Other
34,956
8,718
profits tax
accounts,
10,505
$292,635
.
sales
Cost
268,936
-
notes
2,330
$119,236
surplus for period
three months ended March 31,
1943, Sloane-BIabon Corp.,
company is a substantial stockholder, reported a net profit
charges of $87,932, compared with $65,684 for the same period
of
1942.
In February,
1943, a dividend amounting to $17,697 was
paid to Certain-teed Products Corp. by Sloane-BIabon Corp., which
231,171
,
$1,379,329
excess
de¬
which
41,909
expense
Cr
construction
to
od
the
For
of
1,090,376
deductions
other
for
principal
bentures
34,439
debt
debt retirement.
on
<
income
$2,698,317
Assets—Utility plant, $57,130,618; investments, $369,531; cash, $1.356,680; special deposits, $245,429; customers' service accounts, notes
and
warrants receivable,
$527,702; merchandise accounts receivable,
Net loss
exhaust
1942
goods sold, selling admin. & gen.
Miscellaneous
1,093,974
dividends
on
to
Corp.—Earnings—
wholly-owned
Earnings per share of common
of
income
loss
sufficient
amount
1943
$4,649,761
Operating
7,733
income
Net
an
companies)
Other
5,259
Balance
Total
to
trustee, Calvert and Red¬
o'clock noon on June 28
6% sinking fund
mortgage
$2,690,584
interest
cumulative
12
(less freight, discounts and allowances)_.,
$2,705,722
charged
$131,632;
1956,
10,
until
general
subsidiary
of
$2,700,463
lopg term debt
Interest
"Federal
of
Quarter Ended March 31—
570,927
110,700
prof,
exc.
income
credit for
Baltimore,
will
it
to
959,009
taxes
General
Other
of
Md.,
sale
Certain-teed Products
667,431
1,489,523
1,014,146
485,000
&
inc.
operating income
income, net
on
Co.
Baltimore,
for
$12,400 at prices not to exceed par and interest,—V. 157, p. 217.
Net
835,699
Amortization
*
been
bids
bonds
gold
Prov.
folio
Arkansas
Mercantile
6 Mos. Ended April 30—
1941
1,470,547
Fed.
•■"Federal
excess
profits tax
Charges in lieu of Fed. inc. &
Gross
227,136
(Including Cherry-Burrell Corp. of Canada, Ltd.)
$10,966,232 $10,152,401
3,674,677
3,524,928
__
than
income
interest
227,136
'
Cherry-Burrell
Operation
Net
18,928
2038.
streets,
receive
Co.—Earnings-
revenues
other
140,700
$213,324
Century Parkway Corp.—Tenders Sought—
wood
2144.
Years Ended Dec. 31—
Operating
190,700
$338,165
18,928
require-
17,900
$18,783
,
1,697,155
tax
Central Power & Light
"first
Central
15,000
after all
)
p.
$694,071
340,047
130,664
income
Pref.
438,689
v;v.;v
$24,190
—
div.
$6,574,885
income-
215,413
&
$967,554
36,174
$693,230
841
211
(Normal
income
p.
209,725
—
tax
Fed.
$72,857
35,078
Preferred
359,317
income
inc.
$967,349
$74,268
_
tax
—V.
108,577
26,138
inc. tax
Operating
Gross
$72,691
166
Portland
Lease
Net
18,328
63,909
849,300
23,684
than
under
15,208
53,893
1,197
4,720
$74,159
109
income
157,
272,318
169,345
1,231
Surtax)
Net
193,167
179,737
'
4,518
income
inc.—net—
inc.
''
1943—12 Mos.—1942
$2,985,894
$2,762,735
606,932
575,117
857,622
866,025
111,992
104,463
7,243
16,301
—
oper.
Gross
bus
taxes—
Npn-operating
108,054
Ws
p.
Net
..
State
&
—
Non-oper.
4,407,435
1.237
59,348
Soc. sec.-Fed. & St. tax.
folio
Balance
-V.
taxes
1048.
v.1
15,854
Fed., oth. than inc. tax
Total
depreciation
Mun.
255,526
$867,513
taxes
8,838
15,782
16,596
taxes—
Sec.-Fed.
Depletion
1943—12 Mos.—1942
51,946
leased
for
1943—Month—1942
$224,593
$212,375
52,483
43,645
50,986
50,724
depreciationMun.
p.
Depreciation
6,698
,
repl.
property
of
Power Co.—Earnings—
revenues-—
Federal
&
Soc.
157,
Corp.—-Earnings—*
$1,226,706 $16,457,456 $15,359,806
321,912
power
for
Provis.
Earnings—
cents.—V.
' .V
revenues
for
State
Cost
Co.
nine
29,
—
Prov,
Sales
Central Maine Power
is
at
at
12
Dec.
Purchased power
Maintenance
$950,740
2038.
p.
Preferred
of
and
Period Ended April 30—
Operating
Accrued
Operating
.
$1,583,1,50
501,606
invest¬
15 to holders of record June 30.
April 15. last. Payments in 1942
March 27, July 15 and Oct. 15,
on
cents;
15
"".l V-"'\
(Including
Net
1943—Month—1942
-
each;
15,
Operation
stock—
$527,614;
-
$1,330,725
41,800
for
company
of
Period Ended April 30-
•
July
made
was
Jan,
Central ^Vermont Public Service
130,804
Other
bank,
&
$104,589
Balance
$13,236 of sales in the
the
Central Arizona Light
$122,332
41,800
:
693,653
exp.
Federal
sinking fund.
Tenders must be presented
the principal amount and accrued interest
11 Broad St., New York, N. Y., before
June 29, 1943.—V. 157, p. 518.
in
excess
aforementioned
59,211
stk._.
Depreciation
inviting tenders for the sale to it of an amount of first mortgage 6'i
sinking fund bonds of Cassco Corp. sufficient to exhaust the sum of
$22,121.17,
representing proceeds from released
property and fire
prices not
of
Amort,
52,972
deduc—
pfd.
on
Taxes,
Cassco Corp.—Tenders Sought—
,
oth.
income
Divs.
6,627,920
mortgage
been
155, p. 1916.
distribution
follows;
cents
seven
payable
stock,
capital
as
The
$2,036,928
706,203
$80,532
and
Int.
8,109,700
totaled $58,630, and net income available for taxes, interest
depreciation amounted to $39,624.
After a deduction of $8,710
for taxes (exclusive of Federal income taxes)
and $14,876 for depre¬
ciation. there remained a balance of $16,038 available for interest.
year
and
$2,276,803
$163,800
Maintenance
(Kwh.)
shows that operating revenue
1942
year
were
is
from the
1942,
31,
the
similar
A
944,500
676,227
$175,304
$397,556: receivable from sales of capi¬
dividends and interest receivable. *$30,568;
total, $10,975,706.
$10,412,341;
cost,
6-Cent Dividend—
Net
primarily to the inauguration of "War Time," sales of electricity
of Lake Lure and vicinity decreased slightly to $12,630
the
taxes
1,171,801
deposit with custodian ($125,000 redeposited by cus*
on
The directors on.June 16 declared a dividend of six cents per share
on
1942
1940
residents
1,173,177
1943
payable, $67,503; capital stock ($1 par), $1,125,042; paid-in surplus
(after charging $239,620, including $23,150 for the current quarter, o£
net realized losses on portfolio (Since April 1, 1940), $9,742,669; total,
$10,975,706.-
&
760,300
1,312,000
income-
Gross
Fed.
12,163.410
Due
258,343
31,
Liabilities—Payable for portfolio securities purchased, $20,714; other
accounts payable and accrued expenses and taxes, $19,779;
dividend
1943—12 Mos.'—1342
taxes—
prof,
excess,
128,000
275,912
__
Sheet, March
three other banks),
$135,241;
at
Fed.
$916,301 $11,260,415 $10,663,272
366,159
4,442,010
4,105,942
128,000
1,536,000
1,488,000
376,105
Deductions
1937
to
stock,
ments
•
$4,697,000
Year
1939.
tal
Excess
1942
$6,689,000
1943
$5,338,000
(Kwh.)
7.917.260
taxes
income
Co.—Earnings—
$955,320
amortization
&
Federal
R.R.
1943
$8,236,000
Year
1938—
price
the
1943—Month—1942
—
expenses
Rental
$40 per $1,000 bond.
electricity during the year 1942 increased somewhatproduced in 1941, due to more favorable conditions
output for the past six years is as follows;
payment on July
over
June
on
call
all
of
April 30—
revenue
Fed.—oth.
declared an additional payment of 2%
on
the general mortgage income bonds, to be paid July 1, 1943, to
the registered holders as at the close of business on June 15, 1943.
This added to the 2r;c declared on Dec. 29, 1942, will make the total
directors
The
.
the
at
Operating
State
Corp.^-Interest
Power
Mountain
Carolina
Assets—Cash
todian with
(no
meeting to authorize the sale of its assets and its dissolution.—V. 157,
p. 2212.
C Canadian Pacific Ry.—Earnings—
Traffic
Street Ry.,
Springs
Hot
of 101 or an aggregate of
outstanding 7CM preferred stock
(par $1,500,000) at the voluntary liquidating value of $100 per share;
the payment of other liabilities amounting to $198,336; and the dis¬
tribution in liquidation to its common
stockholder, Federal, of the
remaining assets, principally cash estimated to aggregate $134,625.
(4)
Central proposes to solicit proxies by mail for a stockholder's
Prov.
$7,078,000 $26,814,000 $22,303,000
$9,334,000
—
and
consisting
to
retirement
Maintenance
1943—4 Mos.—1942
$
1806.
p.
capital stock;
par)
proposes
the
Purchased
28.316,000 134,151,000 107,939,000
21,238,000 107,337,000
85,636,000
38.444,000
29,110.000
revenues
1% first mortgage
capital stock; Hot
of
par)
-
Balance
consisting of $633,000 of 8# first mortgage
demand notes of $79,531, an open account of
and 25,000 shares
Operating
Operation
1943— Month--1942
v
(no
1944,
Central
General
Ry.—Earnings—
National
Period Ended April 30—
;
t
company,
157, p. 2211.
Canadian
(no
corporation,
during the quarter, 1,125,042 shares were outstanding at the end of the
quarter.
This is the largest number ever reported and a net gain of
101,511 shares since Dec. 31, 1942.
corporation,
in
Deprec.
1942
$17,374; discount on preferred stock
of
company,
Dr$576.833; long term debt, $24,898,700; current and
accrued
liabilities, $1,184,804;
deferred credit items, $386,697; sus¬
pended credits, $50,000; reserves for depreciation, $8,089,325; reserves
for
contingencies, injuries and damages, etc., $132,575; reserve for
losses on appliances sold under long
term contracts, $22,960; other
miscellaneous reserves, $125,175; contributions in aid of construction,
electric, $340,380; contributions of telephone plant, $12,087; capital
surplus,
$7,035,293;
earned
surplus, $997,352;
total, $55,103,623.—1
stock of
preferred
of $962,000
shares
25,000
Arkansas
an
par) capital stock,
sell, and Ark-La, an associate company,
proposes to buy for a
cash consideration of $800,000 the securities
and accounts of Central's remaining wholly owned
subsidiary, Con¬
sumers
Gas Co.,
an
Arkansas corporation, consisting of $424,000 of
I'M
first mortgage bonds due in 1943 and 10,000 shares (no par)
capital stock.
Upon acquisition of such securities and accounts, ArkLa proposes to acquire all the assets of, and liquidated, Gas.
(3i
Central proposes to apply the proceeds amounting to $4,546,672
from the
sales of
its four
named subsidiaries,
together with other
funds in Central's treasury and funds to be received from the sub¬
sidiaries under the contract, estimated at $198,336, the total aggregat¬
ing $4,745,008, to the redemption of its 5 'M bonds in the principal
(2)
Liabilities—Common stock, $7,148,210; $3 cumulative preferred stock,
Subsidiary Company: common stock, $5; premiums received
$5,239,520;
on
consisting
and
Co.,
shares of
Arkansas
an
1943
of $699,000
mortgage bonds due in 1943, demand notes of $81,343 and
first
Gross
investments in, and advances to, con¬
trolled
companies,
$549,945;
bond redemption funds with trustees,
$8,987; current and accrued assets, $2,989,092; other deferred debit
items, $131,663; discount and expense on funded debt, being amortized,
$931,849; total, $55,103,623.
%
corporation,
in
Water
25,000
6,630
$537,259
Sheet,
Balance
(Walton),
Walton
Deductions
59,646
$895,579
Assets-Plant,
B.
connection
Central Illinois Light
$695,023
361,050
tax)——
Gus
by
13,702
16,447
income
Net
73,066
81,604
taxes
Fed.
income
cess
1,355,065
80,188
71,283
——— _
deductions
Provision
■
1,312,050
17,978
discount
expense
Miscell.
on
$1,795,431
1,225,306
debt
of
Amort,
and
$1,982,640
$2,569,665
Interest
'
$2,109,340
1,266,805
44,877
net
income
Gross
<$2,065,599
43,741
$2,524,788
revenues—
income,
$1,777,453
and
Co.,
to dispose of its entire Interest in all of its sub¬
sidiaries, pay and discharge all of its indebtedness, retire its preferred
stock and to distribute its remaining assets to .its common stockholder,
Federal, and to dissolve.
For the purpose of effecting this, and in
proposes
$2,862,000;
$1,937,064
45,577
Service
Cities
resident .of Little Rock, . Ark.
Central
2345
23,150
158,979
*4,945
certificates of
*3,352
June
1943.—V.
8,
157, p.
1421.
Prof it.
Note—Net
$9,123,792
at
assets,
Dec.
taking securities at market value, increased from
31, 1942, the highest total previously reported, to
$10,858,925 at March 31, 1943.
share
sult
increased
of
the
sale
from
of
$8.91
Chicago & North Western Ry.—ICC Refuses to Reopen
Case—
The net asset value of each outstanding
the same period.
As the re¬
116,179 shares and the repurchase of
14,668
shares
Commission on June 10 denied the petition
reopening of the "reorganization proceeding," a
The Interstate Commerce
to $9.65 over
of
the
road
asking
2346
Monday, June 21, 1943
further, hearing
and the
mission gave no reason
-
The
S.
U.
Northwestern
of
avenues
approved
possible
by
the
Court
and
case
drafting
the
relief.
ICC
of
and
amended
an
for Its action.
Supreme
'
v
;
-
plan.
"■
•
x 1
The
General Balance
Com¬
the
declined
1942
courts.—V.
Investments
Special
deposits
and
Loans
Traffic
Chesapeake & Ohio Ry.-Earningsperiod End. May 31—
Gross
-
Federal
inc.
&
Material
$17,235,437 $16,631,812 $83,517,402 $67,783,064
—
4,277,206
—
Other
l'3,898,379
Other
4,697,606
Deferred
Net
railway taxes.—
operating revenue-
3,031,619
2,636,778
15,487,357
4,352,632
12,502,329
Net
income
2,518,050
2,114,807
12,926,969
share
-
on
154,976
829,466
544,902
437,507
550,354
59,252
59,179
4,598
2,466,986
1,349,738
_______
supplies
.
receivable
dividends
made
_
59,412
2,314,132
1,453,190
assets
of
51,890
other
'
222,045
42,449
43,938
Liabilities—
214,430
profit
Governmental
loss
&
9,709,673
12,704,924
2,072,358
2,474,112
Long-term
157, p. 2038.
213,710
$2,613,196
$2,163,823
2,216,930
80,036
1,987,954
62,331
81,854
18,029
76,947
12,240
$216,348
revenues
$24,352
—
Auxiliary
operating revenues
Non-operating income
rents
operating
Auxiliary
expenses
from
income
gross
21,146
funded
on
not
assumed
Net
debt
year
and
deficit
of
Number
by
other
accrued
—13,577
11,070,012
liabilities
_____—_____
10,592,196
354,847
482,100
354,269
482,100
30
3,413,534
credits
Additions to property through income & surplus
Funded debt retired through income & surplus
reserves
loss
and
Profit
30
,
_f£
3,398,631
_—
.—
541,140
$314,509
carried
the
on
share
V.-
Balance
Sheet,
Dec.
1942
31,
Assets—Investments', $17,891,663;
cash,
$170,816;
special
deposits
(including pay roll bank account of $8,299), $10,499; miscellaneous
accounts
receivable
for
reserve
(including
doubtful
plies,
$125,246;
total,
advances
accounts
of
assets,
of
$3,433),
$1,427
material
and
debits,
unadjusted
sup¬
Co.—Dividends—
declared
and
21.
Like
the
on
the
of
dividend
a
cents per
50
share
usual
amounts
disbursed
were
stock
common
and June 30,
during
March
on
1942
last.
follows:
31,
as
were
157,
1807.
p.
Commonwealth & Southern Corp. (& Subs.)—Earnings
$45,648;
1943—12 Mos.—1942
1943—Month—1942
*
no
lien
7%
cumulative
preferred
stock
(7,460
Gross
$746,000; common stock (95,000 shares), $95,000; grants in
construction, $8,993; long term debt, $4,576,578; loans and notes
audited accounts and wages payable (including out¬
par),
aid of
standing
General
drafts
pay
of
$8,299), $65,116;
interest unpaid,
miscellaneous
accounts
pay¬
taxes
funded
Federal
income
Federal
exc.
$420,824;
matured
$5,812,237;
matured
667,108; paid-in surplus (less accumulated
plied
against
paid-in
surplus
pursuant
deficit
Dec.
31,
authorization
to
directors, of $8,693,769), $711,231; total,
to
$18,757,702.—V.
Gross
1942 ap¬
board of
of
157,
p.
Divs.
The
corporation
ammunition,
on
June
has
K.
already
T.
shipped
Keller,
than
more
President,
told
one
billion
stockholders
in
rounds
a
out
45 cal. rate of deliveries.
in high
Period End. May 31—
to
Revenue
—V.
1943—Month—1942
$63,374
$313,117
46,860,898
38,706,788
Months
Ended
1,461,434
48,143,530
16,569,929
976,813
976,813
11,721,918
186,951
520,808
6,816,507
11,721,780
5,015,491
1.076,823
stock
3,443,320
484,264
13,035,177
11,289,757
of
dividends
preferred stock of parent corporation.
on
March
31—
1943
operating revenue
Operating expenses, maint. & general
Provision for replacements
Net
operating
revenue
$8,269,092
Months
Gross
income
Cities
Service
debentures
Provision
Power
and
for
&
amortization
taxes
on
of
156, p.
1928,
of
2.302,102
the
Inc., New Orleans, La.
Colorado
&
'
Statement
of
Years
Dec.
operating
Maintenance
of
Maintenance
of
revenues..
way
and
_
structures
equipment
Traffic
_
;
General
from
revenue
no
railway
1,
269,043
$506,972
250,748
declared
18,000
18,000
$285,616
and surplus__
This
last,
declared
with
each
in
dividend
a
stock,
common
compares
and
of
cents
20
payable July
to
1
15 cents per share
quarter
during
share
per
on
holders of record
paid on Jan.
1942.—V.
152,
2
and
Net
railway operating income
income
1943
Federal
income
taxes
1942
$334,529
82,170
52,781
28,439
102,517
39,294
38,084
30,000
.
deficit
before
157,
depletion
1808.
p.
*$111,147
$31,001
______
The
company
June
on
announced
16
that
System
output
of
elec¬
(electricity generated and purchased) for the week ended June
13, 1943, amounting to 186,100,000,000 kwh., compared with 148,800,000
kwh.
for
the
corresponding week of 1942, an increase of 25.1%,
Local
distribution of electricity amounted to 182,700,000 kwh., compared with
142,500,000 kwh. for the corresponding week of last year, an increase
of 28.2% .—V. 157, p. 2247.
$1,976,666
602,830
922,533
income
Miscellaneous
$1,373,836
Drl77,423
$1,043,185
1,004,846
income
$2,048,031
16,332
in
addition
on
the
2,063,159
to
the
usual
capital stock,
18.
Like
1941.—V.
$2,008,942
2,042,958
directors have declared
The
par
amounts
157, p.
available
for
charges
Income after fixed
fixed
charges
_______—_____
charges
if' ^Deficit.
extra
semi-annual
$5,
dividend
dividend
both payable July
were
paid
on
July
15
of
of
75
50
cents per
cents
per
The
share
of
$1,592,849'
(14.1%)
of
the
the
acquire
fund
the
additional
created
in
as
investment
an
to provide for the exer¬
Gas Co.'s property and fran¬
purchase Reading
863.
p.
shares
1934
to
have
July
made
was
Reynolds Co.—Accumulated Dividend—
have
declared
accumulations
1
dividend
a
the
on
holders
to
of
$6
of
cumul,
record
23.
April 1, last, compared with $3
Payments in 1942 were as follows: Jan. 4,
and
Oct.
1,
Arrearages
share.—V.
$1.50
157,
April
1078.
p.
stock,
2,
Jan.
on
share
per
similar
A
$2.50;
on
ac¬
series
A,
distribution
1943.
and
April
1,
to
$25
July
each,
at
as
$1,50
preferred
June
on
directors
has
of
have
1,
1943
declared
accumulations
payable
said
were
to
amount
per
been
July
paid
each
at
as
7%
holders
quarter
April
dividend
a
the
on
to
l
2,
record
since
1943
of
$1.75
cumulative
of
and
20.
inclusive
amounted
to
share
per
preferred
June
Oct.
$7
on
ac¬
stock,
like
A
1940.
Ar¬
share.—V.
per
1,
par
amount
157,
1078.
p.
Crown Cork International Corp.—10-Cent Dividend—
The
directors
June
on
11
declared
dividend
a
of
10
cents
per
share
account
of accumulations on the class A
stock, no par value, pay¬
July 1 to holders of record June 18.
A like amount was paid
on
April 1, last, and on April 1, July 1, Oct. 1 and Dec. 30, 1942.
Arrearages as at April 1, 1943, amounted to $3.95 per share.—V. 157,
p. 1079.
on
Curtiss-Wright Corp.—50-Cent Distribution—
share
directors
on
June
10
declared
on
the $2 non-cumulative
holders of record June 18.
to
class
dividend
a
A
stock,
similar
A
March 31,
last.
Payments of $1 each
30, 1942.—V. 157, p. 1079.
of
$1,
par
distribution
were made on
50
cents
per
payable June
made
was
on
March 30 and June
on
A
special Federal statutory court reserved decision June 16 on the
question of approval of a plan to adjust payment of the bond issue
of
the
1.
Delaware
& Hudson Railroad Corp., which became due on
May
largely concerned the adequacy of a 10% cash payment
contemplated by the plan, which has been approved by 80%
Argument
now,
of
as
the
bondholders and
the
Interstate
Commerce
Commission.
arrangement, proposed by the corporation and by the Delaware
Co., which share liability for payment of the bonds, calls
for a 20-year deferment of
maturity for 90% of the
&
Hudson
Counsel
*$54,217
principal of the
directors
the
on
record
cents
share
June
was
on
also
have
bondholders possessing 1% of the issue,
by Charles E. Dancey, argued that a $3,000,000 appreciation
of the railroad's portfolio would
justify a payment now of 25% of the
principal.
;;
Mr. Dancey asserted that this
increase in value had occurred since
..
bonds,
the
attorney
and
21
net
argument
He
effect
cut
to
down
that
it
proceeds
at
was
stressed
of
granted to
the
would
challenged
considerations
increase
in
the
effective
he
by
He
also
John
of
cost
cut
in
T.
he
the
will
a
improvement
argued.
feasible
which,
value
employees of the line
Equipment costs and
$580,000,
be
sell
to
the
securities
once.
in
Cahill,
said,
attorney for the
greatly reduced the
portfolio.
A
$200,000
net
freight rates
the
questioned
line's
in
a
retroactive
would
financial
whether
increase
wage
further
condition
forced
sale
portfolio now would not wipe out much of the
appreciation.
The court before which the case was heard consists
of Federal
Stores, Inc.—Two Dividends—
two
dividends
stock, payable July 1
and Sept. 18, respectively.
made
Dec. 21,
This
road.
argued
the
use
payments.
to holders of record
and Dec. 31, 1942 and
of
group
the Interstate Commerce Commission's
hearings on the plan. Since the
arrangement contemplates placement of half the
proceeds of sale of
the portfolio in the
sinking funds for future retirement of the
share
15
a
of
the
declared
common
for
headed
share
1422.
Consolidated Retail
Income
Fixed
an
39,089
$3,635,807
& Smelting Co. of Canada, Ltd.
Pay Extra Dividend—
—To
153,228
$3,652,139
deductions from
157,
directors
of
payable
Consolidated Mining
June
Total
shares
Delaware & Hudson Co.—Court Reserves Decision
tricity
300,938
$3,734,582
$2,729,605
any
1,692
Bond Adjustment Program—
Consolidated Edison Co. of New York, Inc.—Output—
i
Other
Reading
securities.
1,558.385
Dr
stock
of
reserve
directors
count
2063.
p.
1,082,817
40,184
Dr95,737
at
Co.
option
Corroon &
$238,224
$118,903
♦Profit.—V.
$7,946,471
161,221
Drl98,191
capital
Gas
to
The
30
income
Net
2,827.934
$3,023,533
such
of
same
common
now
.
it
time
The
711,049
Railway operating income
Hire of equipment (net)
Joint facility rents (net)
to
declared a dividend of 25 cents per share on
stock, payable June 30 to holders of record June 23. This
with 50 cents per share paid each quarter from Dec.
22,
1941 to and incl. March 31, 1943.—V.
156, p. 2221.
16,661
215,152
Quarter Ended March 31—
Net
Crl,674
operations
which
time
basis, from year to year, subject to
the expiration of each year, additional
but not to exceed 800 shares in
the
The
the
86,128
$549,452
245,837
charges;
have
value
par
10.
1941
Transportation for investment
Net
18,994
Bakeries of Canada, Ltd.—Larger Div.—
31
109,201
349,078
Railway tax accruals
$1,019,293
140,489
93,544
_
3,472,530
operations
expenses
under
approval, not to
Gas Co,, and there¬
stock
special
of
Dr252
exploration and development expenses-.
Amortization of mine development™
Depreciation
180,026
Transportation
Miscellaneous
$10,746,777
1,165,072
1,736,289
SEC
Continental Roll & Steel Foundry Co.—Halves Div.—
217.
p.
Estimated
Ended
the
interests, from
Commission's
the
approval,
proposes
its
$100,
Actual
Income,
157,
Consolidated Coppermines Corp,—Earnings
«
1942
Railway
other
directors
April
Southern Ry.—Annual Report—
Comparative
of
able
dividends
157,
June
Payment will be made at the Whitney Na¬
tional Bank of New Orleans, successor
trustee, Gravier and St. Charles
Streets, New Orleans, La.—V. 156, p. 2216.
"w..
date
capital
of
The
at par and interest.
.
with
non-affiliated
of
Co.
Gas
$1,829,664
1, 1943, a total of
originally dated Jan. 1,
r.\J'
declaration
a
the
on
all
The
$1,038,245
161,104
—_
Balance for common dividends
been called for redemption as of
July
first mortgage gold bonds
■/I
1941.
shares
operates
1942
capital charges
Consolidated
6 Vz %
157, p.
purchase,
and
$1,019,545
i
and
Preferred
-Bonds Called—
There have
the
common stock of Reading Gas
property of Reading Gas Co., under a
99-year lease, expiring Nov. 1, 1985, at an annual rental of
$36,500.
Upon expiration of the lease Consumers Gas Co. is requested to sur¬
render the property, together
will all improvements, additions and
extensions without compensation, or, at its
option, may purchase the
property and franchises of Reading Gas Co. for $600,000.
Consumers
Co.
1943
31—
gross
Interest
The
$50,000
from
presently owns
12,000 outstanding shares of ($25 par)
$1,038,334
March
revenue
Balance before
1148.
Cloverland Dairy Products Co.
of
year.
count
Depreciation
Taxes (Federal, State and municipal)
91,114
$2,243,867
,
has filed
year
Consumers
con¬
749,748
discount
_______
shares
one
River Power Co.—Earnings—
Maintenance
—V.
Net income
—V.
Applica¬
consummated,
earningsOperating costs
on
income
Corp.—Withdraws
income
771,830
713,555
Co.—interest
137,790
2,691,641
Light
Utilities
1,852,704
771,264
800
to
rearages
$7,597,162
1,850,961
charges and amort, of debt discount..
dividends paid and accrued
Net income applicable to
minority interests
Preferred
stated.—V.
company
purchase from
Commission's
Dr88
operating
Other
158,954
$8,409,078
Interest
exceed
1
Ended
Gross
$7,438,208
139,986
to
chises.—V.
1,783,578
income
the
company
one
cise
proposed transaction has not been
Total
Other
favor
Courier Post Co.—$1.75 Accrued Dividend—
11,592,457
1,953,020
The
SEC
Connecticut
1942
12,805,016
in
were
quarterly when
declared
proposes
its
3
$23,027,128 $20,814,243
taxes___
stock
Consumers Gas Co., Reading, Pa.- -To Purchase Read~
ing Gas Co. Shares—
for
and the
tract of sale expired by its terms and has not been revived.—V.
p. 343.
(& Subs.)—Earnings
Gross
preferred
weekly
The
157, p. 1943.
Cities Service Power & Light Co.
3
of
Payment will be made at the Continental Illinois National Bank &
Trust Co., corporate
trustee, 231 So. La Salle St., Chicago, III.
The funds for this retirement were received from the
sale of prop¬
erties released from the lien of the
mortgage covering the above issue.
—V. 157, p. 1078.
46,579,957
18,552,929
3,612,245
holding company.
$309,030
8,245,900
common.
shares
successor corporation, has called for
redemption
July 1, 1943, a total of $32,380 of Consumers Co. of Illinois
mortgage 5% bonds due June 30, 1956, at par and interest.
of
this
on
June 14 approved the application of the corporation
subsidiary, The Arizona Power Corp., for the withdrawal of
their joint
application filed with this Commission June 25p 1941,
regarding the proposed sale by Arizona Power Corp. of all of its
properties, assets and, franchises to a new corporation to be formed
for the purpose
by Washington Gas and Electric Co., a registered
and
1943—5 Mos.—1942
$63,749
cumulative
Consumers Co. of Illinois—Bonds Called—
this
The
Today our monthly production of carbine
157, p. 2246.
9,585,806
;
plan of recapitalization un¬
preferred will be exchanged
preferred and two
a
par
$2.50
on June
10 voted an initial dividend of $1.25 a share
$2:50 cumulative preferred stock, payable
July 1, to holders
19.
The dividend is applicable to the six months end¬
June 30:
Thereafter dividends will be
payable
as
after
taxes__
Commonwealth
figures."—V.
surplus
passengers.
$100
par
tion—
Cincinnati Street Ry.—Earnings—
Balance
par
37,339
of
$50
compares
addition, the company in February of this year was asked to
make 30 cal. ammunition," Mr. Keller said.
"Although this required
the changing of the dial feeds, jigs, and tools on hundreds of 45 cal.
production machines, the new Job was undertaken without slowing
our
of
new
on
21,270,900
16,156,253
12,765,118
11,598,349
"In
ammunition is also
ing
and
71,333,149
kilowatt hour output of electric energy of subsidiaries
corporation adjusted to show general business conditions of
territory served for the week ended June 10, 1943 amounted to 231,484,427 as compared with 203,583,125 for the corresponding week in
1942, an increase of 27,901,302 or 13.71%.—V. 157, p. 2247.
minute.
$25
10 approved
shares
directors
the
23,332,713
16,441,817
9,164,054
29,745,383
income
The
of
and Dodge trucks were
assembled during peacetime now turns
complete 45 calibre ammunition at
the
rate
of
thousands
a
cars
199,645,515 179,703,727
Weekly Output—
Arsenal, he said, the corporation
steel cartridge cases.
plant where Plymouth passenger
June
on
58,129
amount
of
within
1,371,658
♦Before
1422.
p.
record June
72,818,017
deductions
*Net
.
letter
14.
In cooperation with the Frankford
also developed a method of making
;Mr. Keller added that an Indiana
The
on
of
1,836,791
3,781,691
Chrysler Corp.—Large Ammunition Output—
of
similar
Initial Preferred Dividend—
5,901,929
subsidiaries
Other
$
$
prof, taxes
pfd.
2)
payable
of
The Guaranty Trust Co. of New York has been
appointed transfer
agent and dividend disbursing agent and The Chase National Bank of
City of New York as registrar for the $2.50 cumulative preferred
stock.
14,963,730
income
on
157,
(No.
stock,
payment
to
was
the
1,901,564
5,210,323
Interest
2038.
this year.—V,
dividend
preferred
initial
amount
the outstanding total while the common
registered in favor was
70.5% of the outstanding total. Stock voting
against the plan amounted
7.6% of preferred and 4% of common.
6,308,769
___
—
unpaid. $3,642,000; owned interest payable, $35,047; other current
liabilities, $32,600; deferred liabilities, $4,968; unadjusted credits, $1,-
debt
total
17,032,900
revenue
Operating expenses
& amort
Deprec.
able,
$
$
shares,
payable, $940,000;
quarterly
An
on
1943
16
25 cents each; Sept. 30, 50 cents, and Dec. 30,
Period End. May 31—
Liabilities—Prior
the
similar
first
quarterly dividend of $1,25 per
preferred stock, both payable June 30 to holders of
year-end of $1.—V.
a
employees—less
to
$57,303;
$456,527;
31
March
$18,757,702.
deferred
June
11
June
stock
5%
the
on
record
Distributions
1,
20.
Aug.
Consumers Co., the
on
common
regular
convertible
share
per
corporation's
to
114,429,245 114,504,721
directors
The
5,394,465
June
the
of
157, p. 2146.
Cleveland Graphite Bronze
$516,788
6,470,968
:
'
which
a
as
530,857
passengers
—V.
28,691
597,769
64,403
430,932
574,343
74,667
—_____
obligations
receivers
revenue
27,437
1,005,609
334,991
331,912
28,330
—
the
Aug.
cent^
50
of
May 31—payable
distribution of like
plan and 4,331 shares opposed it.
Of the common stock, 237,522 shares
favored the plan and 14,070 opposed it.
The preferred shares
voting in favor of the plan amounted to 64%
______
973,624
—_________
Total
•? Receivers' net income for
Interest
588,371
—______—.—
accrued
Sinking fund
Act)
48,432,931
772,433
liability
Unadjusted
(incl. taxes levied under Carriers' Taxing-
Taxes
Deductions
47,944,102
238,035
(Cr)__
Other current liabilities
Deferred
expenses
payable
unpaid
interest
tax
151,457
payable.
wages
accounts
matured
Unmatured
'*
Total
and
Unmatured
Accrued
151,457
—__
balances
car-service
accounts
Interest
1941
$1,876,533
68,292
218,998
1942
$2,310,358
89,128
17,000,000
grants in aid of construction—
Miscellaneous
Chicago Aurora & Elgin RR.—Income Account—
Calendar Years—
Totai railway operating
,?
17,000,000
i
debt
and
Traffic
Audited
Operating
stock
initial
the
on
record
of
quarter
ended
An
declared
on
The stockholders
for
A
31,000,000
6.
share
of
made
was
shares each of
31,000,000
also
per
holders
dividend
a
second
months
Consolidation Coal Co., Inc.—Plan
Approved—
&
stock
Preferred
Balance transferrable to
—V.
cents
to
amount
114,429,245 114,504,721
_______
Common
ap¬
propriations of income
____—_____
directors
1
der
$1.26
$1.65
$0.27
$0.32
debits
Unadjusted
the
record Aug.
May 15, last.
31'A
Sept.
declared
for
three
of
on
The
11,451
conductors
current assets
Total
dividends.
&
902,725
954,725
after
com.
preference
Sinking
'
&
have
stock
year—the
holders
600
(2?r)_
agents
receivable
directors
common
fiscal
9,924,103
Per
balances
from
accounts
and
21,479,935
5,219,353
receiv.
the
23,719
L—
receivable——
car-service
and
Interest
excess
profits taxes
and
Miscellaneous
The
57,903
bills
balance
Net
1943—5 Mos.—1942
1943—Month—1942
$
106,240,103 108,208,593
2,823,304
1,232,711
_.
Cash
2212.
157, p.
_____
Consolidated Vultee Aircraft Corp.—Dividends—
1941
$
Assets—
intervene
to
Sheet, Dec. 31
''
-
in the
road apparently now
has exhausted all
A final plan of reorganization has been
twice
has
of
12Vz
and
A
cents
Oct.
1
each
to
distribution
cuit
per
holders
of
12 Vb
on
May 15, last, compared with 35 cents per
1942, the only payment last year.—V. 157, p. 2247.
Cir¬
Judge Learned Hand and District Judges John C. Knox and Mur¬
ray Hulbert.
>
Investment
Group Seeks Purchase of N. Y. Central
Stock—
A
group
of
investment
houses
is
understood
to
have
discussed
re-
•
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4187
157
cently the prospects of purchasing from Delaware & Hudson Co. its
holdings of 304,600 shares of New York Central RR. capital stock.
Under the plan of debt readjustment by which D. & H. is extending
for 20 years $42,992,100 of bonds which matured May 1,
1943, the
road agrees to sell "before May 1, 1948," the holdings of New York
Central stock and other securities.—V. 157, p. 1941.
Lackawanna
Delaware
Western
&
loaned
has
Co.,
account
advance,
will
used
be
9.—-V.
157, p. 2247.
'
■'.! "
■■
Operating
revenues
Maintenance of way
Maintenance
Traffic
and structures
equipment
of
expenses
Transportation
General
—
expenses
expenses
Transportation
investment,
for
Cr__
Net
from
revenue
$2,208,074
855,506
operations
railway
accruals
tax
Assets—
operating
Net
income
$2,447,910
849,780
$1,352,568
rents
.
$1,598,130
Dr620,912
——
*Cash
Dr755,777
Other
income
$731,656
$842,353
50,963
income
63,280
—
its
pre¬
Period End. April 30—
Operating
Operation
141,623
$4,816,049
,1,733,233
28,983
36,619
104,304
21,341
293,190
1,577,834
236,160
36,635
439,332
"424,765
53,893
1,064,845
571,530
38,124
35,230
431,340
426,779
revenues—,
$69,601
$57,069
$854,108
$912,470
Other income (net loss)
910
4,785
$68,691
21,800
$52,283
22,036
262,197
'264,915
$46,891
$30,247
$566,656
67,501
$618,400
$499,155
$550,898
Federal
(net
$5,225,792
$4,922,207
1,171,762
Total
income
available
Income
Fixed
$782,619
57,100
income——
from
fixed
for
$905,633
47,944
•.
deductions
118,922
2,575,627
;
2,248,626
39,896
taxes)
oper.
73,352
22)684
7,824
Balance
after fixed
charges
appropriations of income
$728,474
720,000
Dividend
$8,474
$135,752
income
credits
affiliates
Fixed
(re
excess
prof,
partly-owned
foreign
General Balance Sheet,
Dec. 31
1,543,292
1,598,292
462,578
166,728
599,352
177,847
7,871,595
and
7.350.743
$19,033,417 $17,564,901
$9,518,499
1,008,664
853,681
390,000
67,181
153,614
460,000
68,116
141,943
Cash
Temporary cash
Special deposits
Net bal.
investments
from
rec.
agents and conductors
Miscellaneous
accounts
Material
supplies-
and
Interest
Other
receivable
157, p.
payable
i
dividends
•Preferred
and other
Federal
income
$327,476
payable..,
63,681
1,730,453
taxes
$6 cumul.
Capital
pfd. stock
stock
Earned
(42,454
shares, no par)—
no par)
63,681
4,754,623
295,240
4,245,400
368,126
4,245,400
(480,000 shares,
surplus
surplus
-
600,000
600,000
2,058,866
4,767,233
—
Total
2,058,866
4,384,574
in
includes $679,522
1942
subject to foreign exchange restric¬
tions and $688,262 in 1941.
tTotal market value of securities is in
excess of cost.—V.
151, p. 3887.
6,024
309
34,162
revenues—.
Operation
33,101
$11,478,129 $11,312,767
Grants
in
$3,000,000
revenues
—
Operation
———
153,485
100,472
construction
of
aid
Traffic
ana
car
2,962,000
Miscellaneous
2,965,000
186,444
144,196
9,845
171,611
204,075
1,776
59,800
847,403
60,300
806,149
service balance, Cr
accounts
and
wages
accounts
Interest
tax
—
payable..—
—_
matured
Accrued
payable
Other
unpaid
liability—
9,015
liabilities
——.—
—_
*
Total
—V.
2,157
1,375,150
2,881
2,619,391
1,404,762
inc. and surplus
3,383
2,748,965
$11,478,129 $11,312,767
—
157,
3,803
1,843
liabilities
current
Deferred
Unadjusted credits
Additions to property through
Profit and loss, balance—.
2147.
p.
Corporation-Seagrams
Distillers
Period End. April 30-after
all
oper.
$8,671,959
taxes
Net
1,000,000
$2,824,371
profit
credit
*No
has
been
11,588,373
4,113,677 *21,831,693
contingencies
taken
10%
U.
S.
credit
post-war
on
profits taxes, which credit for the three and nine months
ending April 30, 1943, amounted to approximately $485,000 and $1,532,000 respectively.—V. 157, p. 1269.
excess
*
Dividend Shares, Inc.—Earnings—
6 Mos. End.
April 30—
Income—Gash dividends
*Net cash
Interest
—
1943
$1,173,096
32,414
2,399
proceeds
...
Total
1941
$1,090,495
40,345
1942
$1,277,535
29,365
273
tNet
$1,031,321
$1,141,264
Balance
Other
1,250,591
tl,310,710
Dividends
*From
declared
sales
165,909
of
securities
received
taxable
as
dividend
$946,720
1,250,129
security
provision has been made for Federal income taxes on net
income for six months ended April 30, 1943 as it is the present inten¬
Note—No
of the management
"regulated investment
company" under the Internal Revenue Code and to make dividend dis¬
tributions during the current fiscal year approximating its net taxable
income.
Under such circumstances there will be no liability for Fed¬
eral
income taxes
which would otherwise amount to approximately
tion
to elect to qualify as a
$73,000 on net income for the six months ended April 30, 1943.
Balance
Sheet
at
Assets—Investments, $43,651,572;
posit,
cash
and $2,500
held by Guaranty Trust Co. of New York,
dividends
receivable
and
accrued,
interest
subscriptions to capital stock, $19,037;
$46,746,208.
.y^7.";' '
trustee,
de¬
$3,028,604;
receivable on
deferred charges, $8,808; total,
.-'V
.
A*-
Months
Dickey Clay Mfg. Co.—Earnings—
Ended
April 30—
,
of
$2,504,052
$2,531,210
32,350
32,818
401,270
399,356
1,720
11,498
19,733
738
7,726
58,138
65,719
$133,719
debt disct.
income
stock
$112,310
$2,033,146
$2,046,402
8,632
—
div.
8,632
103,579
Balance for
103,579
and
$103,679
$1,929,567
$1,942,823
require.
divs.
com.
$125,08$
for
Federal
$2,410,604
Fed.
inc. tax and surtax
30,261
8,481
400,356
136,041
Fed.
excess
Balance
$216,450
63,260
$188,675
$2,761,090
$2,546,645
61,800
754,935
771,200
$153,190
$126,875
$2,006,155
$1,775,445
40,662
36,322
474,965
435,738
5,272
4,524
15,501
14,861
$107,257
$86,029
$1,515,689
$1,324,845
13-X
is
Retiremnt.
accruals
res.
income
tax,
surtax
and
excess
profits
follows!
as
)
1943—Month—1942
$81,668
$81,387
profits tax_
1943—12 Mos.—1942
$980,237
$877,030
61,803
157,
45,041
627,885
323,600
$143,471
Totals
-V.
!
j,
surplus
Note—Provision
V 29,727
&
income deducts.
Miscell.
Gross
income
$126,428
$1,608,122
$1,200,630
2148.
p.
Interest
and
Miscell.
deductions
amort.
—
Balance
Operating
Operation
U.
77,652
A
19,472
*Fed.
directors
count
able
of
1
Jan.
on
a
dividend
the
2, last.—V. 157,
June
18.
$1.75
A
share
per
similar
on
ac¬
was
.,}
'
;;
ended June
of
10,
Ebasco
Light Co., Electric Power & Light Corp., and Na¬
tional Power & Light Co., as compared with the corresponding week
during 1942, were as follows:
Electric
Power
The
1942
Amount
171,321
148,811
22,510
19,309
15.2
23.5
Power
above
Balance
$993,932
Operating
Operation
$
revenues
12,387,045
1,749,996
Federal
2,621,897
Other
taxes
taxes
3,408,801
$
$
Amount
6,529,338
5,789,711
23,052,111
20,660,534
9,037,250
204,685
8,876,356
32,547,650
pref.
198,583
371,522
391,004
9,241,935
9,074,939
32,919,172
32,926,245
income
(net)
income
Net interest to public &
other deductions
$315,052
$3.75
has
filed
retire,
on
or
before July 1, 1943, all outstanding shares of its 7%
cumulative
preferred stock consisting of 850 shares (par $100) at $105 per share
plus dividends.
In order to provide part of the funds necessary to effect the re¬
demption, Arkansas-Missouri Power Corp., the parent and owner of
all of the outstanding shares of common stock of East Missouri Power
earned
but
not
$7,018,859
1,583,970
34,331
1,583,970
25,572
$5,409,317
decl.__
interests
in
company
requirements
for
excess
the
of its
period,
less
applicable to
tAmortization
of
a
sub.
deducted
Engineers
discount
of
1,862,858
794,834
$4,814,787
$4,614,482
62,187
Pub.
Ser.
applicable
to
Co._.
133,534
bonds
company owned by parent company,
above
Earnings from sub.
incl.
cos.,
dividends
5,090
deduct, above:
as
declared
J
Interest
from
63,650
other
46,407
131,071
123,306
$5,071,695
Earnings
$4,922,820
sources
Expenses, taxes and interest
469,998
Earnings
*For
for
share of
per
stock
common
and
433,741
$4,601,698
Balance applicable to stocks of Eng. P. S. Co.
Dividends on preferred stock of Eng. P. S. Co.
$4,489,079
2,256,084
2,253,659
$2,345,613
$2,235,420
$1.23
surplus
$1.17
stock.
common
comparative purposes Federal
income
and
profits taxes
excess
have been restated to give effect to the provisions of the Revenue
Federal
during
income
the
and
respective
excess
periods.
include
taxes
The
for
Acts
shown
amounts
provisions
for
estimated
ex¬
profits taxes of $8,143,324 for the twelve months ending April 30,
A943 (1942—$31,670,203) after deducting post-war credit of $904,605
cess
3,522,790
3,705,835
14,310,341
14,568,562
5,719,145
5,369,104
18,608,831
18,357,683
1,972,799
1,972,346
7,891,249
7,886,566
3,746,346
3,396,758
10,717,582
10,471,117
204,746
109,370
434,272
409,639
(1942—$210,555).
Balance
Pfd.
divs.
to
public
Balance
Portion
applic. to
nority interests
Net
mi¬
equity of Electric
& Light Corp.
Pow.
in
income
equity
of
subs.
3,541,600
3,287,388
10,283,310
10,061,478
tEngineers Public Service Co. in 1938 set
ciation
in
value
representing
vision
for
of
the
a
considerable
sustained because
of
3,287,388
10,283,310
the
in
300
622
895
3,541,899
3,287,688
10,283,932
10,062,373
20,798
37,203
92,317
110,003
4,763
„
4,708
19,331
19,429
___
taxes
Expenses
114,402
Balance
before
est.
oth.
&
Balance
83,221
394,588
359,239
3,401,936
382,704
for
reserve
unearned
loss
for
for depre¬
amount
an
including
which
cumulative
pro¬
may
be
dividends
on
1943
1942
$2,859,783
$3,668,385
265,467
319,197
Federal income taxes
196,148
118,528
8,305
Dr3,984
3,162,556
395,222
9,777,696
9,573,702
1,549,941
revenues
Other
...
taxes
Interest
77
1,608,738
$2,389,785
for
common
Earnings
to
3,019,232
surp.
2,767,334
8,227,755
7,964,964
—V.
per
share
of
stock
and
common
$3,234,643
2,256.084
2,253,659
$133,701
$980,985
$.07
dividends..
Preferred
Balance
carried
reserve
depreciation in value of investments of subsidiaries.
'
earn'd
advance
in
of
Balance
deduct.
y'j
period
accrual
a
companies
investments,
Expenses
inter¬
Interest & oth. deducts.
v-
such
Months Ended April 30—
12
Total
Total
subsidiary
preferred stock of Puget Sound Power & Light Co., a subsidiary com¬
pany
held by the public.
In
compiling consolidated figures, com¬
mencing Jan. 1, 1939, Engineers Public Service Co. adopted the policy
of reflecting all changes in surplus of Puget Sound Power &
Light Co.
10,061,478
299
taxes
the
in
up
in
in
loss
Earnings of Parent Company
3,541,600
income
Federal
investments
estimated
shown
(as
above)
Other
$.51
surplus
stock
157, p. 2049.
1556.
Equitable Investment Corp. of Massachusetts—Div.—
El Paso Electric Co.
12 Mos. Ended
Total
East Missouri Power Co.—Would Redeem Preferred—
Company (subsidiary of Arkansas-Missouri Power Corp.)
with the SEC application for authority to redeem, pay and
subsid.
a
div.
Bal.
32,535,241
Gross
divids.
Balance
Balance
appropriations
Other
$8,295,946
—
pref.
applicable to minority
Earnings of
-
revenues-
$9,817,480
2,798,621
.
Total
34,963,855 139,865,153 126,690,604
11,882,764
46,448,462
43,375,141
1,609,302
6,753,973
5,959,759
3,331,915
17,611,838
10,788,327
3,473,807
13,451,119
13,371,602
Net
oper.
2,718,985
declared
stocks,
1942—12 Mos.—1941
$
35,734,327
—
—;
Prop, retire. & depl res.
(& Subs.)—Earnings-
1942—3 Mos.—1941
Subsidiaries—
$695,430 $11,014,931
$6,677,646
preferred
on
Preferred
Electric Power & Light Corp.
6,828,999
$18,198,718 $17,103,905
7,183,787
7,286,425
%
&
period End. Dec. 31—
591,317
minority interest, credited to reserve for de¬
preciation in value of invest, in sub.
1943
Light Corp._
101,396
" 82,087
& Light Co.__
93,442
88,149
5,293
6.0
figures do not include the system inputs of any compa¬
nies not appearing in both periods.—V. 157, p. 2248.
National
$1,286,747
612,747
amortization
&
Balance
the System inputs of client oper¬
Services Inc., which are subsidiaries of
Operating Subsidiaries of—
American Power & Light Co.
1,211
$1,606,679
Cumulative
1943
&
Power
7,037,803.
$1,285,934 $18,436,116 $17,151,689
813
Ur237,398:
Dr47,784
.
Services Inc.—Weekly Input—
week
Interest
587,964
$1,605,468
revs.-,
income—net
Dividends
tr/ii:
621,261
operating
pay¬
distribution
344.
p.
■
companies
American
of
taxes—
taxes
Balance
| the $3.50 cumulative preferred stock,
record
c-
Ebasco
ating
on
to holders of
i'iij
For
declared
accumulations
July
made
Corp.—Accumulated Dividend—
have
...
income
Other
The
Subs.)—Earnings—
$1,227,722
77,652
Net
Eaton Paper
—_
21,064
(&
1943—Month—1942
1943—12 Mos.—1942
$6,870,375
$5,721,955 $78,052,561 $67,821,326
2,410,302
2,114,942
28,143,382
24,904,561
480,015
408,354
5,255,864
4,490,772
571,997
568,373
6,867,142
6,834,483
1,181,333
756,388
12,312,255 "
7,610,820
Depreciation
B. V. G. & E. Co.
Other
Applicable to E.
—V. 157, p. 2040.
April 30—
revenues
$1,416,973
deducts.:
Preferred dividend
Period Ended
Maintenance
deduc.:
divd.
Service Co.
Engineers Public
1942
$246,336
$2.43
-
$154,574
expense
$2,360,734
—V. 157, p.
1943
profit after charges and taxes.—
per share on common
—V. 157, p. 343.
7 ::'
Net
Earnings
$2,451,185
52,867
$2,501,483
1,230
——:
Amort,
$180,194
consol.
6
Interest
$186,189
Other
for own capital stock purchased, $33,627; ac¬
counts payable and accrued expenses, $21,236; tax withheld on dividend
payments to foreign stockholders, $16,605; provision for Federal capi¬
tal stock, State and miscellaneous taxes, $11,400; capital stock ^par
25 cents), $9,275,015; treasury stock (167,566 shares), Z)r$41,891; capi¬
tal surplus, $36,010,590; earned ^prplus, $1,419,627; total, $46,746,208.—
V. 157, p. 1423.
Liabilities—Payable
(W. S.)
$153,344
$167,596
income
Elec. Pow. & Lt. Corp.—
certificate of
$38,188;
85,763
,
operating revs.—
Non-operating inc.—net
Net
April 30, 1943
cash
$2,587,246
86,373
6,318
—
Net
distributions.
profits and losses.
fOf the total amount, $1,174,425 was charged to distribution account and $136,285 was charged
to earned surplus.
tExcluding
A
v
income
applicable
income
$2,537,558
5,382
costs-
455,959
——
$1,130,840
184,120
$1,307,173
Expenses
$158,727
12
$161,277'
devel.
&
2,547,357
Maintenance
$1,207,909
176,587
$161,289
revenues
oper.
465,762
$9,315,861
$3,643,813 $10,917,733
the
for
961,225
1,558,360
!—
Net
Explor.
1,581,835
Increase
$7,757,491 $33,749,426 $20,904,234
*5,847,588
-
for
1,835,340
;—
37,701
Thousands of Kilowatt-Hours
Income & excess profits
Prov.
286,505
1,147,586
156,927
97,346
156,422
97,412
204,580
1943—9 Mos.—1942
Profit
charges
1,691,405
240,715
retire.
147,590
(incl.
Ltd.—Earnings—
1943—3 Mos.—1942
$7,084,740
2,183,415
788
Taxes
$7,944,616
194,250
20,025
14,418
inc. taxes)
—
1943—12 Mos.—1942
$626,769
—
—
Deprec., prov. for
Pfd.
$3,000,000
100,472
—
Long term debt
Audited
Subs.)—Earnings-
Applicable to minority interest
Liabilities—
Capital stock
(& Subs.)—Earnings—
1943—Month—1942
$583,531
37,990
Preferred
Total
(&
1943—Month—1942
1943—12 Mos.—1942
$912,868 o
$875,982 $10,988,599 $10,591,295
541,099
453,507
6,580,269
5,177,376
35,965
79,239
—
Unadjusted debits—.
1942.
Period End. April 30—
Net
Utilities Associates
Eastern
Period Ended April 30—
67,501
21,909
173,220«
507
—
$19,033,417 $17,564,901
—
*Cash
(Del.)
1,011,862
4,872,181
—,
for contingencies
Reserve
$150,654
-
——.——
El Paso Natural Gas Co.
Period End. April 30—
5,376
—_
assets
assets
.
61,964
181,241
dividends
and
current
Deferred
receivable
requirements
applic. to El Paso Electric Co.
Maintenance
Liabilities—
1941
$9,496,180
dividend
Operating
Total
Taxes
1942
Assets—
amortization
&
Balance
—V.
1
(net)
(books, supplies, etc.)!
and deferred items
goodwill.
Prepaid
Files
Interest
Balance
subsidi¬
(net)
assets
Inventories
35,779
>■
Preferred
(net)
in
Maintenance
Investments
29,156
$883 314
16,157
refund
Post-war
Operating
Balance
25,255
$828,853
74,077
Sundry accounts receivable—
120,059
$615,752
480,000
charges
Income
$848,533
$734,675
charges
taxes-
$4,149,537
414,103
reserves)-.
after
income
Gross
Miscellaneous
i
taxes
Net
1941
(at cost)
.
receivable
1943—12 Mos.—1942
$345,791
149,773
—„
Maintenance
1942
Subscriptions
(Texas)—Earnings1943—Month—1942
$427,404
revenues
subsidiaries)
;
Common
Net railway operating
of all
-
tU. S. and foreign government securs.
Deferred
Railway
payment
V
(Including wholly-owned
-
Accounts
Railway
El Paso Electric Co.
open
an
such advance
with requisite
Depreciation
and
1941.
4,385,087
345,603
295,298
106,456
1,098,678
91,305
162
1942
4,164,644
374,330
304,682
109,447
1,071,886
96,226
as
of
together
and
.
aries
y;"
$50,000
proceeds
Co.,
funds, to effect the redemption
ferred stock.—V. 157, p. 2148.
«
Investments
Calendar Years
for
of Income Account
Statement
of
sum
The
Sundry notes and accounts receivable
Advances to partly-owned foreign subsidiaries
■
Detroit & Toledo Shore Line RR.—Annual Report—
:
the
Power
Other
White, President, announced June 10 that at a special
meeting of the board of managers the conferees negotiating for a
merger
of the New York, Lackawanna and Western Ry. into the
Delaware, Lackawanna and Western RR. were authorized to proceed
with the preparation of a merger agreement substantially along lines
announced at the stockholders' meeting of the New York, Lackawanna
June
Missouri
Dun & Bradstreet, Inc.—Balance Sheet Dec. 31-
RR.—Merger—
William
on
East
treasury
■
and Western
the latter company
without interest.
by
2347
(Del.)—Earnings—
1943
Federal
Other
•
Preferred
17,355
22,174
16,960
70
taxes
—
Interest
Balance
$338,973
15,793
—
income
taxes
1942
$386,951
April 30—
revenues
Expenses
A
;
dividend
requirements
cents.—V.
62
$348,902
111,425
(J. J.)
111.425
—V.
common
157, p. 1941.
stock and surplus.
$237,477
$191,093
157, p.
1080.
Felin & Co., Inc.—Accumulated Dividend—
The directors have declared
$302,518
of
accumulations
payable June
Balance for
of
2,140
13
-
dividend
25 cents per share has been declared on the
stock,
payable June 29 to holders of record June 21.
This compares with
20 cents paid on March 30, last.
Payments in 1942 were as follows:
March 30, 20 cents; June 29 and Sept. 29, 25 cents
each; and Dec. 30,
was
due
made
on
15
oh
to
this
the
a
7%
dividend of $1.75 per share on account
cumulative
holders of record
issue
on
Jan.
21,
preferred
June
11.
last;
none
A
stock,
similar
since.
April 15, 1943, had been passed.—V. 155, p. 1012.
par
$100,
distribution
The
dividend
//a:
/A'/A'AA/AA
/
A
A
A A'/'
:
■
' './'A ///-A /-'A.'/
'../-A" A'A'.A.A
THE COMMERCIAL & FINANCIAL CHRONICLE
2348
Fall River Electric Light
Gross
operating
income
Other
$1,331,743;
Co.—Earnings-
Ended March 31—
3 Mos.
1942
A
$892,849
revenue
A—A_
$858,933
45,761
4,780
$938,610
interest
earnings
gross
_______
Operating costs
,
510,266
,
19,228
18,741
42,500
Depreciation
(Federal,
Taxes
State
and
$123,916,856.—V.
Balance
before
and
248,110
$190,199
charges
charges
$213,042
16,004
capital
other
157,
■
>
,
A'A"A ■'
2041.
p.
Balance
for
157,
dividends
and
—V.
—Jan. 1 to June 7
1943
$756,816
$196,738
<
.
Firestone Tire & Rubber Co.—371/2-Cent Dividend—
directors
The
have
declared
dividend
a
cents
37!/2
of
stock,
common
July
Similar
5.
$10,
par
payment
Net
$5,615,530
5,025,972
3,956,416
$4,096,598
283,654
$1,659,114
223,296
$3,812,945
$1,435,818
D?-363,409
from
revenue
1941
$9,122,570
revenues.—
expenses
Dr213,749
—
railway operations.;
Railway tax accruals _L__
Equipment
Joint
income
rents
facility rents, net Cr
.
229,109
This
stock,
40 cents
declared
with
of
$1
share paid on
1942.—V. 156, p. 1048.
60 cents
Feb.
on
dividend
a
share
per
on
railway
$3,678,644
5,
$1,437,454
38,171
Alfred
157,
Fuller
C.
has
Fuller
been
Co.—Changes in Personnel—
was
elected
elected
to
Chairman
the
succeed
to
his
father.—V.
Net
$3,717,959
•___
■"
deductions
available for
funded
on
fixed
Other
41.
p.
fixed
income
Co.
221,956
88,028
_—
$484,675
314,585
Operating revenues
Operation
$723,107
58,724
_____
Federal
___——__
and
inc
excess
148,410
taxes
41,691
1,028,825
199,521
68,840
49,626
747,908
545,867
—
—
$112,677
$1,417,628
Rr4
2,023
$1,195,346
Drl,031
$103,973
___
$112,674
$1,419,650
income
—^___
44,443
33,730
498,515
Loans
$78,943
$921,136
$857,039
Co._
8,223
8,821
notes
3,392
3,789
104,719
45,402
105,855
59,899
and
Interest
Interest
Electric
equip,
on
debt
of
Amort,
bonds—
on
Houston
—
A'A
114
expense
130
1,525
27,727
;
receiv.
140,196
1843.
157, p.
Unadjusted
Total
in
Ended
Months
6
April
$588,446
Net sales, $22,588,303; net profit before pro¬
profits taxes, $3,158,699; Federal and
State income taxes, $162,653; Federal excess profits tax (after deducting
and
income
balance,
$275,000;
car-service
and
interest
rents
Other
tax
$588,446.
follows:
as
Depreciation,
of
amortisation
patents,
The' directors
the
balances,
the
declared
a
of
22 V2
cents
share
per
Jan.
2, 1943, and in each quarter during 1942.—V.
declared
P,
401,528
—V.
dividend of six cents per share,
Biyth & Co., Inc., offered as a
quickly sold on June 11 36,700 shares of common stock
(par $1). The price was $8 a share, with a concession of
40 cents
share to NASD members.—V. 157, p. 2041.
a
General Telephone Corp. (& Subs.)—Annual Report—
Consolidated
Income
Account,
Years
Ended
Dec.
81
revenues
Maintenance
Provision
General
Oper.
subsidiary
exp.
General
holding
General
normal
Federal
oper.
companies
Corp.
company
excess
income
and
surtaxes_r________
profits tax__
Changes in lieu of Fed. income,
other
and
Net
operating
Miscellaneous
Net
i
and
income
206,386
$4,677,845
deductions
122,199
$4,555,646
2,347,192
2,334,369
,$1,845,776
437,500
$2,221,277
1,016,112
.
$2.86
$174,730.
403,991
par
'
;
;
aA{.:
Consolidated Balance Sheet, Dec. 81, 1942
iless
615,540
1,805,933
319,114
151,000
100,135
Other
151,000
12,192
for uncollectible accounts
£53; materials and supplies, $3,394,097;
charges, $3,788,657; total, $123,916,856.
Liabilities—Preferred
stock
(par
and notes of $127,555),
$2 167-
prepaid accounts and deferred
$50),
$8,750,000; common stock
(par $20), $12,741,400; premium on preferred stock, net of expenses,
$32,014; paid-in surplus, $11,0X9,746; earned surplus, $1,618,681; 2,000
shares of common stock at cost, 0r$138,15O; preferred stocks of sub¬
sidiary j companies held by public, $15,700,943; minority interest iri
common stock and
surplus of subsidiary companies, $108,286; longterm
debt, $41,938,000; notes payable,
$597,000; accounts payable,
income
taxes-
taxes
4,230,848
327,053
4,026,722
97,389
1,118,987
1,138,934
$214,958
$3,081,747
$3,131,509
8,633
Dr201
Dr43,090
1,519
$273,422
$214,757
$3,038,657
$3,133,028
98,153
963,540
2,557,903
1,478,881
1,477,373
Net
$264,789 '
oper, revenuesOther income (net)—__
79,227
■k
Balance
Interest
amortization
&
Preferred
105,325
102,624
1,229,943
1,236,163
$168,098
requirements—
dividend
have
declared
cents
dividend
a
made
cents
25
'
-
on
$112,133
$1,808,715
$1,896,865
1941.—V. 157,
cents
157, p.
Operating
;
584,967
584,968
$1,223,747
$1,311,897
Gross
Dividend—
were
follows:
as
1943
1942
1941
'
$610,288
_—
$584,194
2,584
3,369
601
$612,872
revenues
$587,563
$565,965
(net)
Revenues
$565,364
*
Operation
248,771
Maintenance
declared
a
April
239,048
257,012
14,020
16,220
-
18,238
taxes
General
40,456
41,078
4,400
372
300
70,102
8,658
83,513
11,763
85.700
,
31,406'
'
Federal income taxes
Interest
____
long-term
on
debt
debt disc,
and
exp,
'
'
'
10,716
119
105
and depreciation
plant acquis, adjustment
152,631
166,557
157.149
23,734
16,401
18,331
Non-productive well drilling expense
16,950
5,771
5,632
24,404
$16,875
$19,937.
interest A—-
Other
A Dividend—
Depletion
dividend of 80 cents per share
similar distribution
A
1942
(& Subs.)— Earnings—...
■ " '
i
stock, no par value, payable July 1 to holders of record
was made on April 1, last.
Payments
the class A
25.
14
surplus
1944.
Non-operating income
1558.
June
on
and
12 Months Ended March 31—
share has been
per
157, p.
stock
common
Hamilton Gas Corp.
,
March
on
Sept. 25, 1942, and $1.15 on Sept, 25,
on
share
per
to holders of record June
31,' last, compared
stock, payable June 30
was
—V.
Dividend—
of
for
Amort,
of
3,447
leases
-Abandoned
19,927
—
•
•4,663
1,
Net loss
*
Greyhound Corp.—Plans Air Bus Service—
,!
_______1
Prof it.—V.
157/
*$5,558
1082.
p.
A
dividend
stock,
—V.
application stated that Greyhound-Lines proposed to operate
helicopters or similar aircraft of large carrying capacity to provide
passenger, mail and express service over their present bus routes. <
Although lack of equipment at present probably will make the air
bus service a post-war project, C. E. Wickman, President, said several
helicopters might be made available for experimental use "in the
near
future."
If the
aircraft can be obtained, he said, authority
50 cents
share has been declared
per
on
the common
holders of record June 15.'' This
with $3 paid on Dec. 30, last, and 50 cents on June 29, 1942.
157,
payable. June 28
$50,
par
compares
by this corporation, operators of highway buses.
of
-v"
(Pa.)— 50-Cent Dividend—
Harrisburg Hotel Co.
plan to adapt present bus terminals, bus garages and other facili¬
use as landing ports and hangars in a
nation-wide helicopter
air bus service was filed with the Civil Aeronautics Board on June 15
for
p.
474.
to
...
The
be
sought
and
Flint,
and
to
put
Hawaiian Pineapple Co., Ltd.—New TreasurerRoy
them into service on routes between Detroit
intermediate points between Detroit, Cincinnati
Louisville.
The
Mich.,
air
and
of
formerly
New
York
service,
Mr.
added, would not compete sub¬
Wickman
157, p. 2250.
.
-
.
Co.—Reorganization
Sugar
Delayed—
Plan
Again
*Net profit
Earnings per
-
common
at Trenton, N. J., on June 15
continued until June 29 a temporary restraint against officers of this
company from putting into effect a reorganization plan approved by
a
majority of the company's stockholders on May 27.
v '
Counsel
for
two
groups
of preferred
stockholders opposing the
reorganization and counsel for the corporation agreed the June 29
proceedings would be for argument on whether a permanent injunction
should
be
issued
restraining
the
concern
from making the plan
Wilfred
Jayne
*"
'
"'
H.
'-A
~
' *
■'
•''*',J
*'
'
*After
stockholders
would
receive
for
each
of their
shares
a
t$279,031
share
stock
on
•"
•
-
■
1940 '
$109,684
$228,436
$187,753
/'A;;
$0.35
$0.90
:—
,
1941
$0.73
$0.60
depreciation, Federal income taxes, and excess profits taxes,
company states that net profit is after provision for Fed¬
etc.
tTbe
eral
taxes
$2,161,125
vision
on
income
and
estimated
after
also
made
was
in
and contingencies.—V.
for
current
credit
the
for
amount
contingencies
post-war
of
refund,
$15,000
for
amounting to
and that pro¬
war
emergencies
157, p. 603.
Hershey Creamery Co.—50-Cent Extra Dividend—
*
reorganization plan calls for retirement of all $100 par value
preferred stock and the issuance to all stockholders
total of 404,018 shares of stock with a par value of $5 a share.
a
1942
-
i
cents per
share and the usual semi-annual
dividend of 50 cents per share have been declared on the no par value
common stock, both payable June 30 to holders of record June 15.
Like
amounts were disbursed on Dec, 21, last.—V. 149, p. 3557. •
An
cumulative
Preferred
„
Earnings for Quarter Ended March 31
,
/ Vice-Chancellor
of
recently
more
price of 16 net. Dealer's discount 60c.-
-
•
1943
Guantanamo
8%
and
Donald-Coolidge & Co. made a secondary offering of 20,000 shares of common stock (no par) June 16 at a fixed
with
effective
City
Hercules Motors Coyp.—Secondary Distribution—Mc-
bus
stantially
Figueroa,
N.
liquidator of United States interests in importing and exporting firms
over by
the Treasury Department, has been, named Treasurer,
succeeding Charles J. Henderson who remains a Vice-President of the
company.—V. 157, p. 1844.
(taken
$40
dividend
extra
principal
of
the
V.
of
157,
amount
stock,
the
12-year sinking fund debenture and 14 shares
stock.
Owners of the 405,000 shares of' present
5%
$5' par
new
which has
new
stock
no
for
value, would receive two-fifths of a
each share of their present holdings.—
of
50
';\vV'!'
p. 2250.
^
Guarantee
The
and
directors
the
stock,
extra
Jan.
15,
declared
an
extra
dividend
of
Distribution
$2.50
per
share
usual
quarterly dividend of $1.50 per share on the common
payable July 15 to holders of record June 30.
An
$4 per share was paid on April 15, last, and one of $2.50 on
par
of
Co. of North America—Extra
have
156,
p.
1238.
Defers Dividend Action—Plans New Financing—.
The company has authorized
struction Finance Corp.
notes
due
in
of
Gulf,
1950.
Mobile &
..
the redemption of $8,780,000 Recon¬
and the payment of first mortgage
Northern RR., amounting to $9,719,000, all
v;V A-,";;/.1/:'.: '^/W'/r
,
Offering
—
Dillon,
June 10 made'
a secondary
capital stock (par $5)
at $31% per share.
The discouht to members of the Na/ tional Association of Securities
Dealers, Inc. was 70 cents
distribution
'a
share.
on
of 142,850 shares of
*
,
'
,
-
;
•
The shares
represent the final holdings of the Chase National Bank
Insurance which were part of -493,400 shares of that company's stock and 800 shares of another company bought at auction
for $14,284,162 on July 29, 1942, by Chase National and the Royal
Bank of Canada, in part satisfaction of a loan made by the banks
to the Home Fire Securities Corp.—V. 157, p. 254.
•
'
' ; .:;
.in Home
:
Gulf, Mobile & Ohio RR.—To Redeem RFC Notes-
bonds
Read & Co. and associates
$50,
1943.—V.
Insurance/ Co.—Secondary
Home
par
Hyde Park Breweries Association* Inc.—Earnings—
The company
March
31,
>- Ai'/A;,:
$970,992 $13,137,563 $12,287,562
371,819
—
8,156
i__
assets,
reserve
1943—12 Mos.—1942
1943—Month—1942
$1,182,040
revenues
14,399
distribution
directors
share
plant, equipment, etc., $105,658,912; investments
$1,833,216; cash in banks and on hand, $5,042,514'
special cash deposits, $49,704; certificates of deposit, $108,500; U s'
Treasury notes, tax series B and C and accrued interest thereon,"
SI,-479,302; U. S. certificates of indebtedness, series E, 1943, $300,000;
U. S. bonds, defense series G, $100,000; accounts and notes receivable
other
2042.
p.
.
.
Assets—Telephone
and
66,513
$271,764
1,568,923
3,866,503
2,724,149
common
similar
common
.
66,156
$334,035
2,426,978
July 1 and Oct. 1, 80 cents each;
and Dec. 29, $2.80.
Arrearages as at April 1, 1943, amounted to $3.75
per share.—V. 157, p. 1081.
'• *
987,384
$2.22
.
"Less post-war refund of
157,
Federal
The
income
Preferred
dividends
5,513
$27,102
„
136,540
2,096,562
1,533,970
1,661,386
*1,572,570
5,513
$35,676
248,564
149,262
$4,192,969
dividends
pfd. stock
on
20,498
politan cities.—V.
156,814
Earnings per common share
$338,277
$41,189
—
659,119
1,542,993
$4,349,783
Net
Common
$400,191
income
1,619,884
1,692,938
215,431
deductions
other
198,623
$32,615
•
,
61,601
1,990,700
.
earnings
Interest
$536,900
169,076
14,413
133,450
existing airlines. - Instead,
he said, the air buses
would supplement transcontinental
and global airlines by providing
quick and convenient means of reaching major airports in metro¬
profits
excess
taxes—
$569,267
and
taxes
Federal
of
Telephone
$45,034
12,419
$55,602
_______
deducts.
other
60,747
2,106,345
miscell.
of
114,608
137,967
120,224
expenses
and
exps.
164,169
553,946
Maintenance
1,673,038
depreciation—
Traffic
Commercial
1941
$24,368,907 $22,332,334
3,835,992
3,689,282
3,916,259
3,728,395
3,142,609
2,799,271
___
for
160,696
Depreciation
accrued
Greif Bros. Cooperage Corp.—Class
will
1942
Operating
205,621
1,300,045
28,200
property through income
since.—V.
The
ties
201,666
233,931
328,002
A
Distribution—
secondary distribution and
225,000
60.287
taxes-
Amortization of
1742.
General Printing Ink Corp.—Secondary
1,385,367
18.750
108,779
________
Gulf States Utilities Co.—Earnings-
on
payable
July 20 to stockholders of record June 30.
A similar distribution was
made on April 20, last.
Payments in 1942 were as follows: April 20,
July 20, and Oct. 20, six cents each; and Dec. 28, eight cents.— V. 157,
a
116,764
90,267
74,593
credits
dividend of 5
June
The trustees have
$3,128.207"/-$2,523,009
$220,337
Operating
Grand Rapids Varnish Corp.—Resumes
on
1943—12 MOS.—1942
1943—Month—1942
$299,895
_
Operation
accrued—
1179.
on
and
458,314
liabilities
90
none
Dividend—
cash
18,750
_
Balance
declared on the common
stock, payable July 1 to holders of record June 23.
Distributions of
10 cents each were made on April 1, July 1, Oct. 1 and Dec. 31, 1942;
157, p. 1179.
General Investors Trust, Boston—6-Cent
of
$32,466
liabilities
directors
A
with
compares
$3,600,000
depre
income
Dividends
$13,454,767 $11,795,682
no
25.
A
dividend
about
1,503
5.768
Cr_
Gleaner Harvester Corp.—25-Cent
stock, par $1, payable July 8 to holders of record June 16.
with 7 Vi cents paid on April 1, last, and 15 cents on
common
This
have
on all the
* A
because the
directors decided
mortgage
157, p. 2250.
The
$6,115;
General Instrument Corp.—22 %-Cent Distribution—
first
;
f
which
Mobile
profits taxes
Balance
p.
$242,916;
a
5s
5,769,410
wages
Total
—V.
for depreciation and for amortization of patents charged
and expenses for the six months ended April 30, 1943, were
total, $249,031.—V. 157, p. 1843.
become
now
C
Gulf,
of
$35,389
liability-—
current
to
take
/-'A'A
series
bonds
4,600,006
___
Provisions
costs
569,813
$13,454,767 $11,795,682
construction
accounts
A,
the
bonds will be cancelled. -. A
preferred stock was deferred
A-'-A:__
for
and
Net
350,798
601,000
—
Unmatured
excess
post-war refund of $232,400 for the six months ended April 30, 1943),
$2,132^00;
provision, for post-war adjustments
and rehabilitation,
to
Gross
2,236
payable
Miscellaneous accounts payable
Interest matured unpaid
*
1943. follows:
for
vision
refunding
and
the
April 30—
revenue
excess
Int.
2,588
debt
and
Audited
Earnings per common share.—
—
$0.69
$0.89
A summary of the consolidated statement for the six months ended
April 30,
bonds
on
Balance
1942
$757,241
1943
30—
profit after charges and taxes___
*'
___:
of
for
$500,000
of
$2,040,000
some
first
Period End. April 30—
aid
Long-term
series
of
$6,700,000
years;
210,717
807,820
receivable—__________
—__
will
income
Fed.
22,898
95,240
751,274
conductors
&
debits
Unadjusted
Net
10
$10,284,450. .a--vAA,.
railroad
release
the
pledged
action
taxes
Liabilities—
Additions
Subs.)—Earnings—
(&
series:
to
for the next three, and $2,50d,000
433,260
Dr
agents
___
Deferred
Gar Wood Industries, Inc.
the
will
for
latter
The
Federal
),822,295
assets
assets
Accrued
on
stock
common
—V.
189,849
declared
Dividends
$663,558
The
Provision
1941
■
$10,070,827
;_
supplies
and
current
Deferred
Unmatured
$769,489
$66,204
$47,801
two
one
in
series C, will go out about July 30 and redemption
later.
The redemption of these bonds, with
Operating expenses
273
balances,
from
Material
Traffic
income
Net
!
receivable
car-service
accounts
Grants
income
Gross
bills
and
balance
Miscellaneous
337,277
$59,530
Depreciation
equipment, etc
road,
Gross
$795,086
1,100,612
Traffic
$1,194,315
income—net
Gross
:
$103,245
729
Operating income
in
Investments
Other
Other
Ohio.
General
1942 '
Cash
Net
profits taxes
Other
$4,877,710
2,300,954
636,021
$7,457,298
3,421,021
841,917
pledged
Period End.
605,740
Sheet, Dec. 31
vA
;
v
Gulf Power Co.— -Earnings—
47,384
,
$3,044,433
___
Assets—
/
1943—12 Mos.—1942
1943—Month—1942
Period End. April 30—
Maintenance
Subs.)- -Earnings—
(&
$1,448,210
32,928
607,491
____
>
it would be better to take up the dividend question later in the year.
'—V. 157, p. 2042.
;V. '
A,;A
;,.AA/~.:
27,415
,
_®
actio#
f o,.
days
cost
redemption
now
Dividend
$1,475,623""
33,10.7
$3,684,852
charges:
debt
charges—;
General Balance
Galveston-Houston
60
will
refinancing
income
Interest
and A. Howard
the board
of
Presidency
of
serially
'
Total
T>;
,
the
property.
•
39,315
Miscellaneous
Income
Fuller Brush
income—
dividend
year
a
in
about
The
the
last year,
16,
June
per
operating
be
are
215,385
income
$10, payable June 28 to holders of record June 19.
par
compares
and
have
directors
The
common
Net
Other
Co.—$1 Dividend—
and
-premiums,
&
Four Wheel Drive Auto
1958,
will
operating
mature
years; $400,000 annually
10th year.
The $8,700,000
$5,744,000 first 5s,
was
Railway
consist
will
bonds
would
the
1,
'>
1942
operating
operating
share on
per
payable July 20 to holders of record
made on Jan. 20 and April 20, last.
Disbursements during 1942 were as follows:
Jan. 20, April 20, July 20
and Oct. 20, quarterly dividends of 25 cents each; and Dec. 28, a
year-end of 50 cents.—V. 157, p. 992.
;
:
"
the
Calendar Yearsr—
Railway
Railway
this
*'••••
six
annually
A'Aa''-
157,; p. 2250.
later
with
series B bonds would mature Aug.
sinking fund would be set up providing for $100,000
first 10 years, $250,000 annually in the succeeding
four years and the remainder in 1958.
''/A; AA-A-.A
To collateralize the new issue, $23,100,000 of G., M. & O. series C
5% bonds have been authorized by the Board.
Officials of the company state that they have a commitment for
the series A bonds at not exceeding 3% ft. and for the series B at
not exceeding 4#.
However, invitations for bids on the new issue
will be sent out around July 7 to be opened July 19.
Call notice on the
$3,975,000 of G., M. & N. first 5V2s.and the
1942
$812,304
•
$30,330
until
jnnyuvu
new
which
on
1942
1943
$32,275
revenues—.
deferred
also
preferred etock.
w vwv».
ipu
connection
first
16,304
$174,194
surplus
1269.
p.
$5
vuv
redemption of outstanding bonds, scheduled for
later
this
year,
the company authorized the
sale of $15,400,000
collateral trust bonds, which together with some $3,600,000 cash in
treasury will be used to redeem the outstanding bonds. //AA/',:A
Georgia RR.—Annual Report—
—V.
directors
the
In
■ ?."■
•
—Week End. June 7—
Period—
Operating
Interest
The
i
on
Georgia & Florida RR.—Earnings—
46,500
176,417
municipal)___
general
accrued'
taxes,
The
337,320
Maintenance
$381,222; accrued
$3,675,050;
Federal-income
on
$863,713
.
________
payments,
and
accrued
long-term debt, $273,380; \ dividends on preferred stock,
$85,226; miscellaneous current liabilities, $780,418; reserves and de¬
ferred credits, $23,025,471; contributions of telephone plant, $836,461;
total,
Total
billing
advance
$1,059,964;
taxes,
1943
Monday, June 21, 1943
,'/a/a
had
1943,
;
a net profit of $486,634 for the fiscal year ended
after deducting loss of $149,894 occasioned by the
Volume
of
sale
the
The
Wainwright
brewery
paid dividends
company
balance
$1,167,379,
Treasury
sheet
property.
During
the
of
March
cash
of
31,
1943
$313,780
and
shows
U.
Savings
S.
Notes of $250,705.
Current
Capital stock (par $10), issued and
total
International-Great Northern
year
earned
surplus
bonds
liabilities
Calendar Years—
of
and
157,
Net
817.
p.
Period End. April 30—
V
Operating
Operating
Federal
Other
Railway
and
replacements
Net
oper.
Other
66,066
1
r
Other
1,300,000
$3,724,866
24
24,
•
.
.
3,634
_
Total
$339,732
$227,157
$4,307,217
80,208
962,500
16,423
14,215
$243,101
$132,734
195,701
,
>
$2,593,653
$3,149,016
Divs.
applic.
to
pfd.
^stocks for the period-
Net
available
income
■
315,078
315,078
$2,833,938
$2,278,575
...
—V.
'
—
157, p. 2042.
12 Mos. End. March 31—
Operating
Maintenance
;
Cash
Net
Federal
taxes
1,114
2,899
537
.—
.
,
$4,261
672
$4,429
,
J3r34
—
charges.—,
$5,950,197
$1,457,451
2,787,669
2,800,564
profit and loss—
$3,162,528 *$1,343,113
:V;virVV;X--
23
—£.
'
————
4,639,405
balance
and
and
agens
conductors—
'
Gross
income
$4,227
$4,452
2,533
—
2,359
accruals
reserve
assets.—
assets
v
Gross
income
$1,694
$2,093
28
78
1,902,495
17,382
—■;
11,997
10,696
1,576,398
debits
418,287
ifNet income
Dividend
$1,666
———
appropriations
$2,015
1,020
1,020
——————
Capital
construction.
services
car
and
balances,
403,268
50,287,435
——
accounts
Miscellaneous
Cr
2,665,724
Unmatured
interest
Unmatured
rents
Other
tax
104,201
24,381
.
Sheet,
March
Additions
1,316
1,053
to
6,239,202
5,672,515
280,058
279,824
—
property
loss,
281,376
,
25,536,917
through income & surpl.
Appropriated surplus not specifically invested—
and
383,468
1,627,821
26,917,510
——
credits
1,081
350,135
liabilities—
liabilities
1948
81,
accrued——
accrued———'
liability.
current
Deferred
41,107
42,585
25,531,137
deficit——
28,292,321
'
Assets—Utility plant, $84,012; other investments, $250; cash, $2,562;
accounts receivable,
materials and supplies, $2,542;
consumers
$3,318;
other
accounts
receivable,
$79;
Total
—V.
$72,973,736 $64,753,223
—
157,
2043.
p.
prepayments, $632; deferred debits,$51;
total, $94,345.
(I.) Miller & Sons, Inc.—To Redeem Preferred Stock—
Liabilities—Capital stock (par $25), $8,500; premium on capital stock,
$5,600; accounts payable, $998; customers' deposits, $662; taxes ac¬
crued, $1,201; other current and accrued liabilities, $367; retirement
reserves, $36,299; contributions in aid of construction, $3,804; earned
surplus, $36,915; total, $94,345.—V. 128, p. 4154.
The
directors
have
elected
to
redeem
Period End. April 30—
1943—Month—1942
Operating
$9,961,703
revenues
Uncollectible oper. rev..
Operating
6,673,659
expenses
.Net oper,
Operating
$3,272,991
revenues—
taxes
1943—4 Mos.—1942
$9,043,805 $38,834,876 $36,025,393
25,026
60,269
100,332
6,314,831
26,675,301
25,317,830
15,053
the July 9, next, upon' each
share called for redemption at the Guaranty Trust
Co., 140 Broadway,
New York City,
the sum of $16,916.29 (equivalent to $169.1629 for
each share of previously authorized 6V2 %
cumulative convertible pre¬
ferred
stock)
upon
presentation
and
surrender
thereof.—V.
157,
1,609,572
7,280,077
Net
Net
income
oper.
income
$1,250,519
$1,092,376
1,027,822
890,752
$4,086,204
the
directors
3,799,586 .i;
3,277,370
v
was
30,.. 17
follows:
.April
The
Iowa
SEC
Power
June
on
Light
with Des
Moines Electric
Light
Commission
Iowa
Co.,
Power
Terminal
VAs
of
this
divestments
contract
to
the
granting
the
date
directed
for
Continental
of
and
Gas
the
extension
stated:
its
interest
Light
in
Co.
two
Iowa
and
its
of
principal
Power
and
of the
into a
subsidi¬
Light
to
two
not
purchasers but
separate
be negotiated.
public
feasible
purchasers
been
Electric
definitive
a
sales
developed.
approached
was
with
negotiations
of
in
now
Central
respect
in
further
to
progress
Terminal
that
dispose
Co.
no
the
of
company
the
.
has
of
extenson
With
our
157,
order, of
interest
public
principal
from April 14,
1943 within which to comply
is necessary or appropriate; in the
year
of
investors
or
consumers.—V,
the
of
cents per share on
record July 29.
A
Payments in 1942 were
30, Oct. 31 and Dec. 22,
of
anjl July
157, p. 1743.
Redeem 6%
Bonds—
Co., corporate trustee, 231 So. La Salle
111.
Chicago,
Sept.
p.
been
called
for
redemption
Iowa
Continental
Telephone
Co.—Sells
Notes
Pri-
yately—Early in 1943
The
company
ment
(2-5150)
which
157,292
Southern
June
on
for
1,
company (a subsidiary of Conti¬
Telephone Co.) issued $250,000 10-year 5Y4%
notes, the proceeds of which were used to retire its out¬
standing $250,000 preferred stock owned by Continental
Telephone Co.
Iowa Southern Utilities Co. of
ross
oper.
$406,219
$398,062
$4,613,438
mainfc—-
175,951
155.033
2,056,731
per. exp. &
& Fed.
inc.
taxes
Net
39,275
39,950
372,975
542,387
566,447
retirements—
40,000
40,000
480,000
480,000
earnings-
$104,965
$113,841
3,046
$1,161,345
38,564
$1,293,206
$116,888
$1,199,909
$1,330,880
oper.
Int. on
Amort.
&
on
other
3,505
.
: '$108,470
33,333
net
earnings—
mortgage bonds
other fund, debt
Int.
•
shares
by
are
with
filed
10
222,062
shares
America—Registers With SEC
the
the
of
]
Net
income
SEC
stock
common
issuer
and
registration
a
64,770
Period End. May 22—
share
plus
1943—4 Wks.—1942
Sales
V.
$3,958,136
157,
Kansas
Gas
&
Electric
Period End. April 30—
by
Operating
Pacific
premium
a
of
30,
capital,
corporation
the
1943,
there
was
net
a
profit of
1943,
$3,324,288.
will
original
announced
This
1942.—V.
with
compares
157,
working
V;.,•••;•..
...
•
capital
-vtvV-'■;V'-v"
.
stockholders'
became
effective
the
to
larger
the
and
held
of
name
when
name
The
In
Kellett
it
Aircraft
founded
was
change
name
Philadelphia
Corp.,
1929,
in
approved
was
that
on
at
date
a
and
15.
original company name became advisable because of
of aviation activities in which the company is cur¬
Kellett Is producing several types of rotary wing
scope
engaged.
aircraft
10.
meeting
June
on
the
reassume
company
manufacturing,
as
military combat airplanes.—V.
subcontractor,
a
157,
important
parts
for
2044.
p.
Kelsey-IIayes Wheel Co.—Gets $10,000,000 Loan—The
it is announced has completed negotiation of a
company,
$10,000,000 5-year loan from the Equitable Life Assur¬
Society Of the United States. The loan is secured by
note maturing May 1,
1948, and carries a 3 % interest
rate to maturity.
ance
a
The loan was made to
provide ample working funds for .the period
immediately following the end of the war, when substantial sums will
be
tied
up in war contracts, materials, inventories and claims
against,
Government, according to the company.
By making the loan now
company insures that it will be able to
liquidate its obligations
in an orderly manner.
A provision of the new
financing is that the company pay off the
$1,200,000
the
the
balance of its five-year serial bank loan and that
current
bank indebtedness be reduced to an
amount not in excess of $1,000,000.
—V.
157,
2252,
p.
Lackawanna RR. Co. of N. J.-Payments
on
Halted—
The
the
New
York
continuance
Curb
of
Exchange
has
been
advised
that
Rentals
in
view
of
.injunction issued by the Federal Court, South¬
York, it will not be possible for the
Delaware,
Lackawanna & Western RR. to
pay on July 1 the quarterly rental
of 1 % on the capital stock of the
Lackawanna RR. of New Jersey
unless the injunction is vacated
prior
District
ern
of
an
New
tp that date.—V. 156,' pi 2225.
La Crosse
(Wis.) Telephone Co.—46-Cent Dividend—
a dividend Of 46 cents
per share on the
common stock,
par $10, payable June 30 to holders of record
June 11.
Payments of 23 cents each were made on
April l and July l, last; none
since,—V.
155,
1312.
p.
Lago Petroleum Corp.*-New Appraisal Ordered—
Three independent geologists and
engineers to make a new appraisal
properties of Lago Petroleum Corp. and Creole Petroleum
Corp.
use
in connection with
any new proposal
to the stockholders"
as
a
basis for consolidation,
have
been announced
by C. H. Lieb,
President of the two companies, in a
letter to stockholders.
The appraisers are Alexander
Deussen and John S.
Ivy of Houston,
Texas, and Louis G. Huntley of Donna, Texas.
If directors of the two
companies are able to reach an agreement
on
terms, after the reappraisal, a special stockholders'
meeting will
be called to approve a
plan of reorganization.—V. 157, p. 1651. ;:
The Provident Trust Co.
Sts.,
Philadelphia,
bids for the
Pa.,
to
of
will
it
for
Philadelphia, trustee, 17th and Chestnut
until
12
Other
directors have declared
1943—12 Mos.—1942
$8,134,999
$7,170,729
2,792,298
131,956
3,218,120
1,149,470
54,427
61,243
552,094
68,667
62,500
774,667
730,000
125
125
1,500
1,628
37,673
$2,439,148
399
7,729
3,763
$182,928
income
etc.,
$120,146
$2,446,877
$2,187,268
916,204
deductions
79,256
applic.
for
to
73,743
929,924
$103,672
$46,403
$1,516,953
.$1,271,064
520,784
520,784
pref.
the
period
————
Balance
$996,169
$750,280
157, p. 2044.
is
July
7,
1941, and
of
one
5
cents
on
April
"
announced
1933
shows
4,
one
of
1941.—V,
15
157,
to
that
that
Jan.
net
31,
this
Worth, Etc.
—
H
corporation's ten-year financial record
the end of the company's fiscal
1943,
year,,
worth
has risen from $4,567,977 in the former
year
January.
During the period yearly sales have
$22,088,275 to $64,839,112.
Net profit has averaged.
$1,634,591 yearly.
Earnings per share on the common stock averaged
$4.35 per year throughout the
period, while dividends paid averaged
$1.75 annually.
During the past five years the company has main¬
to
$12,241,497
pyramided
V.
a
157,
1363.
rate
of
$2
share per
per
annum
the
on
common.—
2252.
The
order
Securities
and
apprbving the
Carolina Electric
have
the
Exchange
merger
Gas Co.
&
already been
Federal
Commission
June
on
of Lexington Water
Power
issued by the South Carolina P.
Power
issued
16
Co.
into
its'
South
Appropriate orders approving the merger
Commission
S.
Commission
and
that the
necessary authority from
having jurisdiction has now been received
by the company and the proposed merger now needs
only stockholders'
action.
Both companies are subsidiaries of
General Gas & Electric Corp.
all
regulatory
completion
Carolina
whereby
refunded by a
in
the
so
commissions
amount
of
the
Electric
&
merger
Go,s
program
Co.
it
is
understood
that
the
will
undertake a refinancing pro¬
outstanding funded debt will be
single new issue of mortgage bonds to be
outstanding
of $20,000,000.
Preparation of the necessary registra¬
all
gram
Five executives have been elected to new offices as follows: J. L.
Trecker,
Executive
R.
W.
Vice-President;
Burk,
Vic-President
in
charge of sales; E. W. Trecker, Vice-President in charge of manufac¬
turing; J. B. Armitage, Vice-President in change of engineering, and
p.
dividend
p.
Upon
Bischoff, Treasurer and Assistant Secretary.—V. 157,
last
from
Lexington Water Power Co.-—-Merger Approved—
Proposed New Financing Involves $20,000,000—
South
Kearney & Trecker Corp.—Officials Promoted-—
of
the
presently
tion papers under the Securities Act of 1933 and
the application to the
P. S. Commission are under
way. Pro forma statements
of the merged
company indicate gross revenues of
approximately $7,700,000 and net operating revenues of about $2,300,000.
It is
South Carolina
expected
financing will take place in approximately six weeks.
*
Upon completion of the proposed merger, capitalization will
consist of funded debt of $20,121,500; 126,210 shares of
5%
($50 par)
preferred stock; and 43,394 shares ($100 par) common stock.
:
that the
(Geo. B.) Keith Co.—Recapitalization Plan—
The company
is notifying preferred and common stockholders of a
plan of recapitalization which they are asked to vote upon at a special
Under the proposed plan holders of the
present 7 7?
cumulative preferred will refceive in
exchange for each
meeting called for June 23.
share
held
400,000
212,428
153,125
annually,
167,876
129,323
Holders
$52,904
$419,604
$533,719
514.712
$119,747
745
Net
R. L.
receive
$2,183,505
827.742
635,556
;
$182,183
*
—V.
21
extra
an
year,
on
1461.
tained
investments
stocks
June
dividend of 25 cents per share
regular quarterly dividend of like amount on the common:
both payable June 30 to holders of record June 23.
An extra
cents
per share
was
paid on June 30, last
25
cents
p.
from
153,034
oper.
revenues
Other income (net)-'—_
Divs.
on
the
It
Co.—Earnings-
233,441
res. approp.
Net
Int.,
noon
Lehman Corp.—Extra Dividend of 25
Cents—
The
of
$609,012
taxes
Gross
o'clock
account
of the sinking fund of
funding and:
improvement mortgage 4% bonds to an amount sufficient
to exhaust
$7,520.28 at prices not to exceed 105 and interest.—V.
157, p. 2044.
stock,
1943—20 Wks,—1942
sale
cumulative
on
dividend
preferred,
one
common
shares
President
vidends
prior
and
of
two
(including
of
Harold
share
stock
of
cumulative
$10
will
outstanding
C.
Keith
arrears)
par,
receive
at
$2
the
junior
that
the cumulative prior preferred
rate
of
of
prior
share
one
common.
states
share
one
of
$100
$2.50
par,
$5
a
Share
preferred
stock.
new
common
for
initiate
di¬
;
it
is
on
planned
Oct.
1,
to
1943 if
the plan
The
the
new
rate
preferred stock will be
of
5%
per
annum
and
entitled
will
be
to
cumulative
dividends at
callable
at $52.50 per share.
mortgage bonds of South
Carolina Electric & Gas Co. and
$10,213,300 first mortgage bonds and
$186,700 debentures of Lexington Water Power Co.,
substantially all of
which are held by the public and
will be assumed by the
merged
company.'
The 126,210 shares of new preferred stock include shares
Funded
which
and
debt
may
7%
be
will
include
issued
preferred
in
stock
$9,721,500
.
255.
p.
v
/
June
on
special
8%
$696,183
237,747
revenues
—
38,321
of
$4,173,405 $20,619,824 $19,948,118
1943—Month—1942
Operating expenses
Federal taxes
15,625
V. 157, p. 2252.
June
on
2043.
p.
10,038
$45,107 * \
state¬
$1)
(par
shares
.
Jewel Tea Co., Inc.—Sales Lower for 4 Weeks—
16,188
'
Earnings
on
;
was
was
and
each
.
it
Company Distributors, Inc., is named distributor and the
offering price is net asset value per
offering price—V. 157, p. 604.
13,842
deduct.
par)
stated
a
Kellett Autogiro Corp.—Resumes Old Name—
This
which
of the
312,150
49,238
Other income —--"
Total
$4,604,871
1,953,067
46,028
thertaxes>
for
1943—12 Mos.—1942
earnings—
tate
rov.
Del.—Earnings-
1943—Month—1942
($10
with
157,
1943.—V.
Investors, Inc.
Investment
nental
Period End. Feb. 28—
than
Lehigh Coal & Navigation. Co.—Tenders—
Investment Company of
term
of
July 1, 1943, out of
sinking fund moneys, a total of $95,000 first and refunding 5% sinking
fund, mortgage bonds, series A and B, due Jan. 1, 1947, at 102% and
interest.
Payment will be made at the Bankers-Trust Co., trustee*
16 Wall St., New
JTork, N. Y.—V. 157, p. 2043.
as
share
a
See Kellett Autoglro Corp. below.
2151.
Amortization of limited-
have
shares
common
and
share.
a
more
"for
outstanding Schulze Baking Co. first mortgage 6% gold
1; 1945, have been called for redemption as of Sept. 1,
and interest.
Payment will be made at the Continental
105
at
Prop, retire,
'
International Paper Co.—Bonds Called—
There
in
April 30,
Lerner Stores Corp.—Net
ap¬
the
April 14, 1942
for the protection
or
2151.
p.
one
$10.31
sumed—
,
disposition of Des Moines Electric Light Co.
and Iowa Power and Light Co., we find that applicant has made a
showing of due diligence within the purview of Secton 41 (c) and that
an
20
company has authorized the trust company to accept any of
these bonds for cancellation at any time and to
pay the holders thereof
the full redemption price, including interest to
acceptable bid
circumstances, and particularly action of the
of
cents;
Illinois National Bank & Trust
St.,
addition, various possible
respect to the transportation,
properties but thus far
In view of all the
All
1943,
In
testified
It
Terminal Ry.
contract could
indicated that the possibilities of a
were explored
but that no program
and miscellaneous
properties
plicant
that
Louis
received.
been
initiated
been
St.
and
was
companies
has
have
ice
water,
has
Likewise, it
of" these
sale
deemed
RR:
of
holders
to
bonds due Sept.
Electric
Illinois Terminal
in
to
ended
.112,961,115 on Oct. 31,
Co.,
Corp., a registered holding company
and a subsidiary of The United Light and Power Co., also a registered
holding company.
The approval of the Commission is a necessary
prerequisite of the proposed sale and applications and declarations
with respect to the transaction are pending before the Commission.
The record .shows that efforts were made to sell applicant's in¬
vestment
of
$5
not
April 30, last.
The
applicant has not consummated any
our order.
It has, however, entered
by
sale
Moines Electric
Des
aries,
in
30,000
shares
preferred
of
of
of
Railroad, Central Terminal Co. and
St. Louis Electric Terminal Railway and also to dispose of the water,
ice, oil-drilling and transportation businesses owned and operated by it.
The
30
on
Interstate Bakeries Corp.—To
granted a year's extension to the Company
to comply with an order of the Commission to
Illinois
Co.,
of
' ■:
v, '
Extension—
12
from April 14, 1943,
sever
its relationship
&
Co.—Gets
made
dividend
a
capital stock, payable July
similar distribution
20 cents each*.—V.
Illinois
declared
have
as
———
157, p. 2043.
$4,819,229
'
Incorporated Investors—To pay 20-Cent Dividend—
6,521,027
The
—V.
preferred,
20,248
7%
value
issue
an
The directors have declared
$2,701,948 $12,099,306 $10,607,231
2,022,472
on
1363.
p.
of
July
on
9,
1943,
4 and
preferred stock at $11,000 a share and
dividends, said shares representing the 410 shares of previously author¬
ized 6V2 % cumulative convertible preferred stock, represent
by certifi¬
cates numbered, as follows:
P294, P309, P310, PO305, P0492, P0495,
PO1045, PO 1235, and PO 1356. ::: i
There will be come due and payable
Co.—Earnings—
prior
and
months
equal
working
10-100ths shares of cumulative
.
Illinois Bell Telephone
par)
of
stated
a
creation
share.
a
six
net
1,728,588
125,337
810,259
payable.
Interest matured unpaid—
for
the 7% preferred, on which ac¬
amounted to $2,351,672, or $79 a share.
year ended Oct. 31, 1942, there was a net
profit of $429,051,
or
$14.23 a share on 30,079 shares of preferred then
outstanding.
The balance sheet as of
April 30, 1943, shows current assets of $4,751,742, including cash of $886,645; current liabilities, $1,427,454; and
815,141
1,255,579
accounts
of
by holders
.50,270,881
payable
wages
$7,500,000
403,654
debt
and
Audited
$7,500,000
of
aid
term
approved
the
rently
stock
in
Grants
Long
Profit
Balance
c
the
Return
$72,973,736 $64,753,223
Liabilities-
Unadjusted
'
($100
with
common,
calls
preferred
$10
cumulations
517,513
—
—
no-par
plan
shares
$306,949,
1,432,802
43,755
receivable
supplies
current
Accrued
Other interest charges
of
prior
of
rate
present
maintained.
138,682
764,283
2,170,894
2,361,349
accounts
with
be
presently outstanding 29,768 shares
Increase
858,615
1,006,115
from
rec.
likely
can
Kellett Aircraft Corp., Upper Darby, Pa.—Name Re¬
1941
$60,399,540 $59,456,750
—
Retirement
are
shares
\0*.V.
1942
equipment, etc
deposits
Traffic
Utility operating income
income, net—
Other
fixed
v'-i'.-'y-
Total
21,622
2,848
-
income
for
road,
„—
Material
$30,736
1,234
General taxes
34,163
seems
shares
of the preferred and common stock of the com¬
out the plan It is necessary to obtain the
approval
preferred and two-thirds of the common.
proposed
30,000
junior
1942
1943
21,895 <
—
$1,477,743
20,292
it
50 %
the
143,434
! $5,984,359
transferred to
in
Unadjusted
$30,775
revenues
Operation
There
40,496
$1,334,309
—
Assets—
Deferred
'
$5,786,551
that
these
carry
of
Consolidated General Balance Sheet, Dec. 81
Other
Huntington Electric Light Co.—Earnings—
To
value
"Loss.
Special
I
—
Dr817,206
——
charges
Miscellaneous
V Balance
Dr 1,100,513
—
income
197,809
income
Income
Fixed
"962,800.
173,474
deducts.
—
$2,151,515
than
more
75%
i or
$3,729,627
80,208
$6,887,064
-
Miscellaneous deductions from income—--C—
4,761
•
of
For
Investments
Net income
777,733.
operative and
full dividends on
proposed plan of recapitalization has been
pany.
$2,929,248
884,589
income
1,335,461
$4,303,583
declared
The
The
.
Other
,
108,333
—
and
int.
1,
? $227,133
.
11,145,785
$7,771,653
—____
income.,
operating
is
earnings
of
railway operations
rents
railway
C 789,269
108,333
mort. bonds
on
13,988,869
———
operating
Net
2,742,237
865,810
$339,708
revenues
income
Interest,
3,975,990
£
re-
Gross income
v
279,526
appropriation—
serve
,
330,085
renewals
Net
1943—12 Mos.—1942
70,321
deprec.
taxes
Railway
$1,156,881 $17,642,204 $14,742,766
475,823
7,196,821
6,150,933
634,793
expenses-
taxes-
taxes,
Amort,
•
1943—Month—1942
$1,483,240
revenues
from
revenue
■'
Houston Lighting & Power Co.—Earnings—
..V
1942
1941
$21,760,522 $14,075,033
2349
/
•
was
'
'■% .••••;'
RR.—Annual Report—
\
Railway operating revenues
Railway operating expenses—
aggre¬
outstanding,
$1,742,709.—V.
was
assets
current
Savings
and
fiscal
aggregating $250,000.
as
including
Tax
gated $413,205.
$1,000,000,
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4187
157
first
exchange for the present $6 prior preferred
of South Carolina Electric & Gas Co.
The
2350
THE COMMERCIAL & FINANCIAL CHRONICLE
holders
of
the
right
the
extent
of
of
stocks, other than General Gas & Electric Corp. have
and may receive cash for their holdings.
To
of
th
holders
such
58%. of
the
General
by
Thorp,
5%
new
elect
be
of
the
take
the
cash
merged
stock
Electric
&
of
to
Period End. March 31—
outstanding shares
Gross
decreased.
preferred
Gas
trustees
will
stock
common
held
L.
Mexican Light & Power Co., Ltd.—Earnings—
appraisal
that
preferred stock
new
All
.'v
these
of
the
Corp.
Associated
merged
Denis
Gas
be
will
company
Driscoll
J.
Electric
and
Oper.
not less than
and
company
Gas & Electric Corp., have proposed in a plan filed with the
and Exchange Commission, pursuant to Section 11
(e)
of
public utility holding company act of 1935, that the new 5% pre-?
ferred stock of South Carolina Electric & Gas Co. to be received by
'
ferred
be
offered
stocks
of
to
the
public
General
Gas
holders
Electric
&
tion
located
the Saluda
on
&
Gas
The
Co.
to
or
business
of
non-affiliated
the
manufacture,
distribution
retail
communities
in
61
and
at
The
company
wholesale
Claire,
tion
to
miles from
14
and
11,000
Louisville
Columbia,
S.
Taxes
Electric
Gas &
includes
Co.
Gas
157,
Net
Co.
Net
157,
7,454
$777,166
820,701
741,799
income—..
order in
$1,356,925
24,253
1,794
17,400
6,575
7,175
60,000
$312,017
$1,253,697
$1,242,143
15
$312,576
$312,017
$1,253,697
$1,242,128
1,014,201
363,132
374,770
334,195
_________
599,448
225,142
225,142
900,569
900,569
75,237
75.237
300,948
300,948
$1,576,323
$2,227,915
dividends
36
nated
$3,127,329
$374,770
Petroleum Corp,
3,175,371
2,985,010
—V.
157, p. 2252.
In
1942
It
Corp.
will
$0.61
consideration
estimated
of
the
from
that
completed
the
$0.90
books
in
tral
dividend
stock,
par
pares
with
25
cents
per
$10, payable July 1
cents.—V.
paid
April
157,
1,
1
share has been
declared
sale
before
The
the
the
these
of
value
against
The
of
April
and
last.
1,
Oct.
1,
Payments
$0.28
and
cents;
20
1942
Dec.
were
18,
40
of
United
these
at
in
in
the
ties
of
City
Ice
of
the
of
has
McWilliams Dredging Co.—25-Cent Distribution—
A dividend of 25 cents per share has been declared on the common
stock, payable July 1 to holders of record June 15. A similar distribu¬
was
Dec.
29,
made
April
on
1,
last,
and
April
cents per
•
share,
The previous payment,
made on Sept. 1,
was
rV
'i, .?/,-/ '»
.
1,
1941.
on
1942, and on Nov. 1 and Dec. 29,
also 25
,W:5
~
'
'
-
>
•
1
July( 1,
Oct.
1937.—V. 156,
'
-
v'"
'
1 and
2253.
p.
%l'
,
*'
Co., Inc.—-Secondary Offering—Smith,
Barney & Co. made a secondary offering of 35,000 shares
capital
of
the
stock
(no
market, at
Market
The
Street
first
1,
15,
after
price of 27%
The issue
the
close
Dealer's
net.
oversubscribed.
was
The
made on behalf of an estate.—V. 157, p. 1651.
was
April
June
on
fixed
a
discount 60 cents.
sale
par)
Ry.—Suspended From Dealings—
mortgage
have
1940,
Stock
Exchange
p. 2253.
7%
sinking fund gold bonds, series A, due
suspended from dealings on the New York
of the small amount outstanding.—V. 157,
been
because
purchased
Massachusetts Power & Light Associates (& Subs.)—
Gross
operating
Other
1943
$4,694,716
income
$4,817,663
44,256
revenue
1942
105,947
—
Total
earnings
gross
Maintenance
2,211,715
200,350
.
_
Depreciation
Taxes
$4,923,610
2,309,608
__
.___
,
363,999
386,256
1,115,370
1,287,306
____
(Federal, State and municipal)
226,170
—
Consolidated
Interest
,
Pfd,
and
divs.
balance
other
$2
on
before
Consolidated
♦.Loss.—V.
capital
charges
''
,V*>
its
holdings
corporation's
of
assets
March 31—
'
'
■
holders
*$22,449
1942
$3,210,114
$3,048,845
67,609
122,294
$3,277,723
Operating
1,935,709
and
188,857
municipal)
643,486
$470,765
361,921
361,920
$1,429
$68,462
dividends
Consolidated
—V.
636,570
$398,535
35,185
Consolidated balance before capital charges—
Interest and other charges
Preferred
155,
balance
——————
40,383
debentures
ol
Mathieson Alkali Works,
Inc.—Begins Production of
Magnesium in Louisianaproduction
of
magnesium
at
metal
the newly erected magnesiumaccording to an announcement
plant is owned by the Defense
chlorine
plant in Louisiana has begun,
by
company
this
10.
June
on
The
Plant
Corporation and has a future capacity
pounds of magnesium metal a year.
The
announcement
manufactured
by
said
that
magnesium
90%
carried
$542,692.
of
first
mortgage
debentures,
were
the
of
more
metal
than
in
50,000,000
this
plant is
developed by Mathieson engineers
magnesium metal but also liquid chlor¬
pure
both of which are highly essential to the war effort.
It is esti¬
when running at full production, that this project will employ
approximately 1,000 workers.—V. 157, p. 2152.
of
Midland
Utilities
Co.;
the
committee
the
no
June
ments
30
directors
in
cents
declared
a
value common stock,
par
10.
.have
A
similar
1942
each;
were
distribution
15,'
of
30
payable June
was
follows:
as
and Dec.
dividend
made
March
60 cents.—V.
15
16,
cents
to
June
155,
p.
Mengel Co.—Issues Pamphlet Report—
15
15,
of
on
record
last.
Pay¬
Sept. 15,
and
before
which
the
bankruptcy proceedings
Debt
Reduction
subsidiary
and
notes
their
$6,800,000.
term
of
contains
1
entitled
an
on
June
"Review
explanatory balance sheet
4
k
vv*
•;
Ar
other
unfavorable
bonds
of
earlier
through
matured.
as
1942
of the end of last year.—V.
In
and
On Aug.
So
far
Corp.
American
1,
Service
S.
Court
known,
as
owns
none
of
any
the
v,
Public
Cen-.
Co.'
Service
This
case
1942, Central and South West
Co.
of
and
and
June
and
The
Middle
plan
for
merging
Public
by
it
Central
is
West
Service
and
South
that
if
South
the
to
of
American
yet
as
of
Co¬
1942;
April
8,
Pub¬
completed
Utilities
only
Co.
common
one-stock merger plan is
Utilities Co. and American
a
West
stockholders
Corp.
of
6,
on
West
use
It must first be submitted to
sent
July
court
have not
and
When and
and
Utilities Co.,
through
West
the District
1942,
in
Corp.
Central
Co.
the SEC.
by
West
Middle
for
4,
was
South
The
Appeals
aforementioned
March,
1943,
the
the SEC for considera¬
two
companies
for
their
amended
applications were filed with the SEC, in
presenting a revised plan for the dissolution
pending proceedings,
will
the
of
on
1943 it is expected that the total reduction
debt
held
by
the
public
will
approximate
issue
shares
of
of
most
the
market
conditions
operating companies
the
i'or
account
relatively
and
had
the
been
small
In
long-
$6,000,000,
con¬
Both
the
that
stock
the
proceeds,
together
$4,261,000 principal
May.
1942.
of
Central
2Vs%
funds
of
the
may
of
to
$100
of
be
that
Co.
and
continue to
in
in
serial
notes,
maturing over
preferred
exchange
West
Service
Co.
of
stock
the
Texas
of
&
West
of
Corp.;
refunding'
Power
Co.
The
Light
& Power Co.
dissolution $100
on
Co.
of
Corp.
stock
10,000
shares
of
the
in
of
not
per'
American
stock
common
shares
of
extent
Light
the
American
of
&
5%
5%
that
Power
of
price
proportions
Co.
this
at
a
that company
Service
out
purchase
to
of
respective
Public
carrying
the
Southwestern
15,000
the
stock
common
proposes
to
up
of
and
Co.
proposed that they buy at
the
Oklahoma .to
Utilities
Public
by
Co.
Co.
Service
West
Texas
not
of
Okla¬
transaction
$100
share
per
preferred stock of'
the holders of the
do
Co.
preferred
not
stock
Public Service Co.
accept
offered
to-
of
Co.
proposes
exceeding
Oklahoma.
Utilities
Public Service Co.
will
Co.
all
owns
The
be
the
preferred
cancelled
common
by
stock
shares
it;
of
and
pur¬
since
West Texas
its
income from that company should not be reduced by
while its income will be increased by the dividends re¬
5% preferred shares of Public Service Co. of Oklahoma
to be purchased.
the
on
Consolidated
Income
Account
for
Calendar
Years
(Exclusive of Central Illinois Public Service Co.)
'
C
Operating
Operation
3%
and used the proceeds to redeem $5,550,000 of 2%
to
due serially to 1946, and for other corporate purposes.
Middle
purpose
Utilities
100%
own
West
common
this connection,
principal
10-year period,
a
West
is
it
facilitate
to
dividends
Service
In
the
order
Public
accrued
Middle
holds
now
and
them.
the
Light
will receive
South
Oklahoma
issued .to-The
each
by The
for
Southwestern
share the 11,167 shares of
per
to
company,
bonds
Southwestern
this transaction,
amount of 5% and 6% bonds.
& Light Co. sold $5,900,000
Power
3%
to
other
with
held
Co.
3(4%
of
exchanges
Central
Public Service
of
ceived
Michigan Gas & Electric Co., in June, 1942, sold to insurance com¬
first mortgage 3%% bonds, due March 1, 1972, and
3(2%
debentures, • due serially over a 10-year period, and
refund
the holders
to
accrued dividends.
Public Service Co.
Utilities
during
refunding
of
preferred
through such
American
refunded
amount
Power
its
bonds
-
chased
the
that
fact
$6
&
of
3%%
of
order
stock
were
Light
$6,600,000
$6,648,000
to
greater by prepayments,,.
investment
years
in
preferred stock
to sell
14,251 shares of that com¬
pany's $6 preferred stock at $70.17 per share, being American Public
Service Co.'s cost of said shares, to the extent required to provide funds
to carry out its undertaking
to purchase shares of the 5%
preferred
in the Middle West
for the year exceeding
reduction
shares of its 5%
a
Southwestern
and
$6
$1,350,000'
over
15,000
preferred stock of Southwestern
Light & Power Co. in ex¬
share for share basis; issue 11,167 shares of its common
stock in exchange for an equal number of shares of $6
preferred stock
Public
approxi¬
the retirement of serial
addition,
In
issue
$6
change
and
financial
indebtedness
companies
total
a
consolidated
other
1942.
Maintenance
debentures
>
1942
;
revenues
1941
-a
$77,428,089 $74,170,806
27,449,385
9,569,745
—
Taxes,
Federal
income
3V8%
Federal
excess-profits
26,484,974
4,225,756 '. 3,862,173
__________—
Depreciation
By prepaying in February, 1942, $526,000 of its serial notes, due in
1947, West Texas Utilities Co. secured a reduction in interest rate from
to
2%%
then
the
on
balance
of. its $2,404,000 notes,
due
serially to
outstanding.
Proceedings
the
SEC
against
The
Before
Middle
West
SEC
the
Corp.
Net
and
its
subsidiary
reorganization of Central
and
and
The Middle West Corp.
order
ties
Co.
from
filed
Net
9,425,858
an
these
157,
p.
1745.
is
following
it receives
companies
Copper District Power Co.
(2)
Middle
West
Utilities
Service
as
all
sell
or
of
Power
of
corporation,
L
^
and
other
$19,095,279 $19,895,157
stocks of
sub¬
deductions.
15,310,647
16,166,272
$3,784,632
$3,728,885
$1.14
$1.13
share
Sheet, Dec. 31, 1942
for uncollectible receivables of
$702,633), $6,367,280; materials and sup¬
$1,333,256; deferred charges, $11,467,-
$4,163,426; prepayments,
635; total, $473,981,400.
'
accrued.
$844,963; customers' deposits, $3,026,156; accrued taxes, $11,interest, $'2;674,798; other current liabilities, $429,881;
liabilities, $684,997; reserves, $82,409,622; contributions in aid
of construction,
$1,944,234; paid-in surplus, $42,132,254; consolidated
earned surplus, $16,512,883; total, $473,981,400.
accrued
deferred
Income Account of Company for Calendar Years
''
,
the
Corp.;;'
Michigan Gas and Electric Co. (4)
Ltd., and (5) Missouri Gas &
1
■■
■
'
•:
Income
1942■
-
■
,•/
and
administrative
inc.
and
the
cash
to
may
to
its
stockholders
or
it
may
of
for
distribute
the corporation's stockholders.
Before
be formulated may be placed in effect,
such
they
in
March,
1943,
entered
into
an
agreement
to
sell
its investment in all of the common stock of the Kansas Electric Power
Gross
317,903
excess-profits
19,244
211,789
Interest
Net
deduction.;.
income
Earnings
J
income
per
$1,839,095
1
'
*
share________
.
18,288'
<
56,742
$1,585,250
2,319
$1,836,776
•
■
$1,978,182
285,186
expenses
■
either sell the securities to be. disposed
1941
$2,355,315
General
Taxes, other than Fed.
Federal Income taxes
Canada,
will, have to be submitted to the SEC for its review.
The
$18,521,645 $19,416,134:
573,634
479,023
—i.
i—
preferred
on
plies,
432,936;
V
part thereof.
the Securities
Arkansas-Missouri
—
.
rata
pro
plans
of
to
dispose
.
may
distribute
securities
disposition
Co.
(3)
Co.
corporation
and
or
undertaking to
which it owns:
2,914,849
Liabilities—Capital stock of Middle West Corp." (par $5), $16,536,513;
publicly held securities of subsidiary companies, $292,691,223; notes
payable, $205,050; accounts payable, $2,455,890; dividends declared or
of the preferred stock and all of the common stock of North
West Utilities Co.
The Middle West Corp. expects to file an application,
which
1,912,645
(Exclusive of Central Illinois Public Service Co.)
clude
corporation
156,984
and excess-profits taxes
Assets—Utility plant, $405,556,203; investments, $24,145,237; cash,
$12,842,419; U. S. Government securities, $7,125,768; special depositsaind miscellaneous assets, $980,175; accounts receivable (less—reserve
distribute the company's assets to its stockholders, as a step in the dis¬
solution of the company.
The assets of North West Utilities Co.: in¬
The
4,237,951.
1,697,339
Consolidated Balance
group
in
7,671,S82
6,071,877
income
Earnings per
is taking steps to carry out some of its olans
Commission
7.979,697
American
of companies.
Without waiting for
proceedings North West Utili-.
application with the SEC in March, 1943, seeking to
the
excess-profits
taxes__
income
companies
also the
respecting the Middle West
and
;
(net)
dividends
sidiary
and South West Utilities Co.
inc.
Income
Gross
Interest,
disposition by distribution or sale of all
remaining assets except the stocks of Central Illinois Public Service Co.
and Kentucky Utilities Co. and; such of the common stock of P.ublic
Service Co.
of Indiana, Inc., as the corporation receives out of the
liquidation of Midland United Co.
an
Fed.
taxes
operating
Other income
these proceedings.
In general, the corporation's integration plan presented to the SEC
provided for the ultimate distribution to The Middle West Corp. stock¬
holders of the stocks to be received by the"corporation from the merger
or
than
com¬
panies under the provisions of Section 11 (b) (1) of the Public Utility
Holding Company Act of 1935.
A final order has not as yet been
entered in
other
Charges in lieu of inc.
Hearings have teen concluded in the integration proceedings brought,
by
the
■
mailed
of
Co.
upon
American
Refunding operations by subsidiary operating companies
siderably less in 1942 than for several preceding years.
cash
to its stockholders copies of a
Operations for Employees," which
explanatory statement-of operations for the year and an
company
U.
the
Service Co.,
homa;
Subsidiaries
the
in
and
associated
making
During
and
it may be
they
other
retired,
was
included
long-term
as
pending.
are
Refunding* by
1942, principally
debentures
indebtedness
and
companies
reduced
mately $5,450,000 in
Electric
363.
..
The
pamphlet
Co.
argued
decision had not been rendered:
before
share and
United Co., and The
Corp., as the holder of a large block of the Midland
United Co.
preferred stock.
This plan is being opposed by various
debenture holders of Midland Utilities Co., by the committee
represent¬
ing prior lien stock of Midland Utility Co., and by the trustees of
Midland
Ut'lities Co.
The proposed plan cannot be placed in effect
until It has been reviewed and approved by the SEC a.nd
by the court
The
if
purchases.
Middle-West
approval.
West
West Utilities Co.
share
per
holders
March
on
the
SEC.
ordered
repre¬
with
the Commission covering the proposed distribution to the cor¬
poration's stockholders of the proportionate share of the assets of North.
Matson Navigation Co.—30-Cent Distribution—
The
tion
debentures
about 54%
not only
produces
the
a
as
Public
Utility Co.
ine,
which
in
American
agreed
West Texas
mated,
process
new
of
Service
stock
of
outstanding bonds,
the
lack of
,
Utilities
July 6, 1942.
satisfactory
and
6J/2%
books
substantially all the common stock of Wisconsin Power and Light
Co., Lake Superior District Power Co., and Northwestern Public Service.
Co.
Middle West Corp. owns over 60%
of the 7% prior lien stock,
a
lic
3,892.34
and
on
the
American Public
review
to
Middle
Public Service Co.
827.
p.
of
$313,000
income
value of
net
excess
6%
securities
such
subsidiaries.
The officers of Central
in
the
of
permitting
West
petition
a
acquired
102,748
i
:
State
These
a
1,772,198
114,198
185,795
Maintenance
books
finding of fraud,
a
$3,171,139
__.
Depreciation
Taxes (Federal,
order dated
senting the holders of preferred stock of Midland
used
1943
earnings—.
costs
the
on
South
1943 but.
four
somewhat
by the continuance of litigation.
proposed settlement and liquidation plan for Midland Utilities Co.
Midland United Co. was agreed upon in December, 1942. by the
principal creditors of the two companies; the committee representing
In
gross
first
the
A
1946,
Total
of
The'
petition for rehearing with the SEC respecting its June 4,
1942,
This petition for rehearing was denied
by the Commission in.
orders
securities,
amount
the absence of
$750,000
$97,733
income
a
filed
in
during
sold
was
$499,676, an
such securities
Public Service Co.
protect the rights or the companies and their stockholders,
panies $3,500,000
Massachusetts Utilities Associates (& Subs.)—Earns.-—
Other
value
it
of
and American
directors of
or
these
Utilities Co.,
was
marketable
certain
Utilities Co.
corporation jj
of
and
its
and
157, p. 2045.
operating revenue
to
total
in
West
of
508,454
'
companies be
class of common
homa
326,158
-
two
reversed
was
officers
tral
Light & Power Co., Inland Power & Light Corp., Midland
and Midland Utilities Co.
The liquidation of Common¬
Light & Power Co. and Inland Power & Light Corp. has been
amount
Gross
the
order.
and the
books
acquired
the
filed
of
realized
amount
of
To
The dif¬
ice companies
three
were
Co.,
wealth
$812,163
<■
single
monwealth
270,572
381,340
shares..
balance
3 Mos. Ended
at
$749,645
charges——.
preferred
1
^
those
a
United
in
f
of
of
the
group
$4,738,973
costs
consisting
of Southwestern Light & Power Co.
and the acquisition of its assets
by Public Service Co. of Oklahoma whereby Public Service Co. of Okla¬
and
Operating
capitalization
act
any
securities
stock, respectively, of Pecos Valley Power & Light Co.
Corporation continues to hold securities of the following public utility
are involved in bankruptcy prqceedings: Com¬
of
March 31—
the
and
The
Earnings—
dis¬
holding companies which
statements
:V- 3 Mos. Ended
relation
net
non-cumulative
in
and
disapproved
case
by
of
delayed
E, II. Macy &
of
corporation
no
a
stock.
corporation
present
*
$918,009.
$38,200.
net
valuation
Valley Power & Light Co.:
the
tion
for
$369,500
joint declaration
companies,
,
ing Company Act,
cash
a
Pecos
the
capitalization
a
and South
tion
expenses
companies
sold
the
on
the
against
the
carrying
common
the
overreaching, etc., in making the purchases.
Purchases by
the Middle West Corp,, and its immediate
predecessors, of stocks of its
subsidiaries were made under specific orders of the
Federal District
Court and later under general rules of the Commission
under the Hold-
March, 1943, the corporation sold to West Texas Utilities Co.
$237,723, net, pursuant to SEC authorization, the following securi¬
bonds,
the
to
by
ordered,
disclosure,
In
for
filed
and
of Congress, including the Public Utility
Holding Com¬
1935; and that, therefore, the SEC, in the absence of a rule
such purchases, could not exclude shares so purchased
from participation on the same basis as other shares in
a
reorganiza¬
Public
total
a
and
value
also
a
the
investments
two
net
a
between
investments
for
total
corporation
for
Co.
liabilities
of
corporation
$280,572
these
having
shares
1182.
p.
of
that
to
,
lumbia
1943
consolidation
prohibiting
corporation.
common
This com¬
in
of
By its order, the Commission overruled the
effectiveness
applications
Supreme Court in the Federal Water Service
clearly decides that purchases of stock of a corporation by
directors, officers or controlling stockholders, even while reorganization
proceedings are pending, arc not condemned, prohibited, or made un¬
lawful by any principles of equity or law established
by court decisions
157, p. 1847.
investment
its
Service
assumed
securities
sale
"reserve
investment of
companies
of
and
Corp.
'■
approximately
carrying
excess
the
on
to holders of record June 21.
on
July
cents
20
follows:
as
of
Service
pany Act of
liquidation
sold
Ice
Southern United Ice Co.
charged
of
Lux Clock Mfg. Co.—25-Cent Distribution—
Public
recent decision of the U. S.
$524,629
'
1943.
Western
of
with
the
corporation
and
$80,000.
the
of
be
$670,000,
be
connection
ference
expected
City
of
to
on
is
1942,
Kansas
denied
joint
Jurisdiction
1941
$1,676,157
share
December,
of
months
A
.v
American
by the Commission with respect to all'1
the proceeding not disposed of
by the Commission's
order, including the basis on which the stock owned by the Middle West
Corp. might participate in a consolidation or recapitalization of Cen¬
(& Subs.)—Earnings
1943
$1,127,487
,
Corp.
Service
$374,770
$1,026,398
$2,500,000, subject to SEC
and
on
proceedings:'
defer,
Stock.
reorganization."
$1,026,398
Co.
11(b)
$3,400,387
-
or
securities
$675,149
SEC
Utilities
purportedly pursuant to Sec¬
(2) of the Act, that the corporate existence of either
Central
and South West Utilities Co. or American Public
Service Co. be termi¬
Middle West Corp.—Annual Report—
In
$1,326,777
stock divs.
the
agreement
Corporation in February, 1942, received $689,572 from United Public
Service Corp., a subsidiary holding
company, as a partial liquidating
distribution.
In January, 1943, the corporation received an' additional
liquidating distribution in the amount of $137,934 from United Public
carried
contingency reserve—
West
questions raised in
Mid-Continent
$1,345,243
72,400
15,000
$312,576
to
missed
$6,931,431'
.3,804,102
♦After charges and Federal and State income taxes.—V.
35,925
the
these
motion
2253.
p.
profit
Earnings per
inc.
taxes
Balance begin, of period
Tranfer
of
balance
in
Class B com.
$8,276,335
4,875,948
Quarter Ended March 31—
Co.
Miscellaneous
•
1943—12 Mos.—1942
$336,265
4,696
income
income
$1,728,702
951,536
♦Net
Interest deductions
Net
^ -iv
$871,125
______
income
Service
Gross
('
•,
$2,196,777
1,325,652
-revenues—
taxes
oper.
—V.
<DeL)—Earnings—
1,494
income
rev,
oper.
oper.
Net
the
2044.
p.
1943—,3 Mos.—1942
exp.
than
(other
\
,
1943—Month—1942
1943—4 Mos.—1942
$5,836,117
$4,988,156 $22,320,001 $19,407,758
13,635
18,147
49,775
72,432
3,625,705
3,241,307
13,993,891
12,403,895
April 30—
expenses
Operating
The
$336,166
adm.
$1,027,979
tion
and furnished bus transporta¬
company has about 29,000
C.,
customers.—-V.
gas
faxes)
Federal
&
central
and environs.
_
and
$988,890
J''
revenues
Uncollectible
C.,
electric energy at wholesale and
section of South Carolina
of
the
Darlington. S.
Period End. March 31Revenues
General
$313,153
other
Columbia
in
and
$307,661
—-
with
changed
Electric
sale
in
1,847,731
filed
South
.
Period End.
utility companies under long-term contracts.
also manufactures and distributes gas in Columbia, Eau
Florence,
service
electric
and
2,058,952
and
April 6, 1942, a motion to postpone for the
duration of the war any action with
respect to (1) the joint declaration
and application filed by such companies with the
Commission in 1940
respecting a statutory consolidation of the two companies
pursuant to
a
proposed agreement of consolidation, and (2) the
proceedings in¬
stituted by the Commission under Section
11(b) of the Public Utility
Holding Company Act of 1935.
On June 4, 1942, the SEC issued its findings, and
opinion and its
utilities.
Carolina
South
630,566
Co.
hydro electric generating sta¬
output of which is sold at wholesale to either South Carolina Elec¬
tric
*
Corp.
a
about
River
and pre¬
in exchange for their
Operating
preferred
prior
$2,875,710
V''''
Operating
present holdings.
Lexington Water Power Co. operates
the
of
$3,047,842
Michigan Bell Telephone Co.—Earnings-
the
Gengas
earnings
'
4
Securities
■
$943,719
>
General
!;'
Central
$1,011,020
703,359
oper.—
Co. to the Kansas Power and Light Co. for
approval, ,'v,
1
.
1943—3 Mos.—1942
—V. 157, p. 2253.
of
parent
1943—Month—1942
deprec.—
&
exps.
Net
Willard
and
Corp.,
fr.
earns,
V'V5 / V'* Monday-June 21, 1943
,•
$0.55
$1,585,250
....
'.
$0.48.
Assets—Investments, $72,810,319; cash, $3,428,059; U. S. Government
Volume
from
associated
charge,
$7,500;
receivable
dividends
deferred
$3,255;
accrued interest,
miscellaneous receivables, $966;
$2,113,350;
securities,
and
ments,
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4187
157
$53,632;
$78,417,081.
companies,
total,
Output Up 3.49%—
prepay¬
•
earned
paid-in surplus, $42,132,254;
totyl, $78,417,081.—V. 157, p. 2253.
$14,006,829;
347,876;
reports thfl number of kilowatt hours available for
for the week ended June 12, 1943, as 60,015,090, compared
with 57,993,957 for the week ended June 13, 1942, an increase of 3.49%.
for the preceding week was 56,393,153 kwh„ a decrease
from the corresponding week last year.—V. 157, p. 2254.
Earnings—
$440,809
$350,771
expenses——
167,737
137,494
$4,954,804
2,214,344
depreciation-
37,500
36,000
438,000
392.000
146,237
91,384
567,034
12
$4,139,300
2,101,472
for
527,971
revenue
General
taxes
Federal
Fed.
—
,—
income
Operating
Operating
Int.
$998,394
23,037
22,819
$63,075
$710,685
$465,660
20,693
20,693
248,316
250,293
$45,606
$42,382
$462,369
$215,367
deductions
':;
Ended
March
1943
31—
revenues
V.
—
157, p.
—
2046.
...
-r.v
$17,928,554 $16,763,353
„;
—
9,069,567
7,926,390
1,144,601
for
:
—
retire,
plant & equip.---
prop.,
2,154,552
1,642,966
2,326,191
$3,915,241
inc.
1,687,232
$3,723,204
76,373
120,002
taxes—
«,
New
;
—
income
Other
___:
—
deductions
$3,991,613
——
from
income
(subsidiaries)
303,761
Operating
Net
income
Earnings
•
Several
assurances
directors
by
sought
are
of
before
road
the
leased
annual
line's
meeting
"Since' Lackawanna
as
whole
a
charges,
■
and further, because
liens presently existing
gage
directors
ought
have
included
Will
be
to
be
felt
not
that
recommended
first,
reduced
&
157,
the
be
fixed
to
'
130,466
——
$2,412,178
$2,371,367
2,046,340
2,089,915
14,444
—
from
ended
$250,213
June
11, this Association reports electric output
an
increase of 1,011,287 kwh., or 9.16%
above production of 11,040,126 kwh. for the corresponding week a year
kwh.
This
ago,
,
Gas output for the June 11
Mr. Martin added that if a "fair" offer is not submitted "in good
time?' the company plans to pi;ess litigation against D. L. & W. seeking
a
judicial determination that the Lackawanna was bound under the
or
ft.
cu.
the corresponding
in
>
ft.,
cu.
week
above
production
year ago.—V.
a
tjO pay all taxes.—V. 157, p. 2253.
York
New
Haven
of 95,972,000
157, p. 2254.
Hartford
&
Cash
of
payment
the
$2,819,000
this
of- $43,000
at
!02Va
been called
Bank,
trustee,
West
115
'
1273.
p.
of
as
July
1943,
1,
total
a
St.,
Monroe
111.—V.
Chicago,
'•
'
to
is
5%. sinking fund bonds due July 1, 1947,
Payment will be made at the Harris Trust &
interest.
and
Savings
redemption
for
first -mortgage
of
in
District
announced
157,
court
"
June
hearings
The
Mutual Telephone Co.
dividend
$10,
made
was
155,
of
15
June
cn
cents
15
to
(Hawaii)—15-Cent Dividend—
March
on
share
per
holders
last,
15,
of
paid
was
record
each
in
and
the
on
June
5.
payment
during
quarter,
stock,
common
similar
A
1942.-—V.
1216.
p.
of
the
New
property
mated
National Power & Light Co.- -SEC Asks Court to Affirm
Order—
affirm the Commission's order approving the sale bv Na¬
the outstanding securities of West Tennessee Gas Co., to
the court to
tional of
all
Equitable
Securities
Corp.
Samuel Okin, of New York, a stockholder of Electric Bond & Share
(Co.. parent of National, petitioned the circuit court on March 27,
1943,
to
In
the
reverse
Commission's
order.
his complaint,
Mr. Okin held that by rulings on evidence and his
hearing, he was prevented from showing that the
sale is a fraudulent "insiders' transaction" by which the president
of West Tennessee will acquire control of the company at an inade¬
exclusion
the
price.
quate
,
from
In its brief the Commission said that the petitioner was given
ample participation in the proceedings, that he abused his privileges,
he was not prejudiced by the trial examiner's rulings, and that
his charge of fraud was fully explored and found without merit.—V.
that
157, p.
Haven
the
the
end
Months Ended March 31—
$46,244
——
indicates
above
that
of
that
the
2 628
be
the
on
before
Power
Co.-
-Appeal
the
U.
S.
Circuit
dated
income
2,067
2,302
$21,392
to
earned
June
income
Interest
240
on
$21,631
$25,284
7,546
—
7,296
$14,085
order,
of
the
or
7,500
—
—
debt
to
expense
495
l
associated
Other deductions
696
__
71
;
:
—
income
—
receivable,
receivables
$1:
$77; materials and supplies, $3,003;
$1; total, $495,066.
/"
B.
of
the
from
associated
prepayments, $519;
operating
Other
revenue
stock
($25
;
—
Taxes
credits, $895;
other
$14,824;
retirement reserves,
$12:
reserves,
capital
surplus,
'
——
(Gross
premium
$ 8,268,312
inc.
&
on
in
aid
of
surplus,
State
and
operating
Net
income
——
1943—5 Mos.—1942
157,
$7,486,579 $41,539,529 $32,670,040
1.697.000
10,114.900
5.282.100
293.167
1 620.862
1.057.521
5.734.895
814,123
589,607
3,886,297
3,228,271
8,333
8,333
41,667
charges—*
$3,953,866'
on
reoord
to
share on the
a
581.274
805,789
declared
June
preceding
$10
per
dividend
a
of
dividend of 33 V3 cents
account
2,989,618
662,925
$334,177
Co.—Earnings—
1943—Month—1942
Federal
Other
$1,520,740
$1,005,785
$5,800,832
938,182
551,483
3,508,615
$3,872,129
2,151,842
$582,558
$454,302
$2,292,217
$1,720,287
514,693
440,817
2,013,866
1,669,828
income.
J
40,141.
8,892,308
1850.
Feb.
covered
a
25,
$382,500
were
be
to
exchanged
stock
preferred
for
plan of reorganization.—V. 157, p. 643.
Electric
in
accord¬
v
Co.—Earnings1943—12 Mos.—1942
1943—Month—1942
revenues——
$447,967
$415,893
$5,243,264
$4,871,759
expenses.™
244,928
223,777
2,881,754
2,694,984
46,881
29,804
396,700
312,836
49,191
56,326
542,800
611,037
25,000
25,000
300,000
taxes
taxes
retire,
of
Amort,
Inc.—Registration Withdrawn
(2-5080), filed Dec. 29, 1942, and which
was withdrawn June
11, 1943.
The
5% %
subordinated debentures, due Dec.
1943,
reserve
appropriation
300,000
limited-term
■
18
24
$1,121,992
investments
$952,863
:
.
Net oper. revenues—„
Other
income
(net)
$80,886
$81(967
,
198
138
4,228
1,810
$82,165
$81,024
$1,126,220
$954,678
—
Gross income
Interest,
34,321
Dividends
34,439
433,666
428,868
$47,844
$46,585
$692,554
$525,810
deducts..
etc.,
Net income
applic. to pfd. stocks for
334,231
157,
334,198
$358,323
$191,612
the period—
Balance
1850..
p.
Ogden Corp.—Dividend Payment Approved—
The
—
Securities
revenues
taxes
$8,576,105
$6,986,269 $31,281,828 $28,069,463
4,371,357
20,705,215
17,692,594
5,812,909
______
oper.
157,
p.
income
_
$2,763,196
_
2,167,188
$2,614,912 $10,576,613
1,979,505
$10,376,869
8,528,707
holders
of
directors
first
par
payable
payment
on
also
June
this
30
holders
to
issue since
declared
of
the
Jan.
usual
50
of
1,
Common Div.—
cents
per
record
on
these
two
issues
wiped
were
out
earlier
share
June
approved
the
be
Hearing, June 24
Acquisition of Laclede Stock—
on
Ohio Associated Telephone
Operating
oper.
Operating
99
53,282
52,413
210,709
195,041
$37,500
$30,383
$150,609
$120,668
expenses—
Operating
1943—4 Mos.—1942
$316,082
449
373
$361,767
$82,895
115
revenue—
oper.
Co.—Earnings—
1943—Month—1942
$90,897
revenues
revenues-
17,349
13,775
83,579
54,350
$20,151
taxes
oper.
$16,608
$67,030
$66,318
14,330
11,003
43,526
43,859
—
income
income
—V.
157,
——
p.
2154.
the
on
This
21.
Oklahoma
is
Power
&
Period End. March 31—
dividends
this
14
was
will
Period End. April 30—
1931.
quarterly
June
May 31, 1943, of a divi¬
stock payable June 28 to
8,380,128
of
$1.50
on
the series A and series B 6%
cumulative preferred stocks,
$100, payable July July 1 to holders of record June 21. Accumula¬
tions
p.
stock,
directors
dividend
a
on
The SEC has set a hearing June 24 on the application filed by the
corporation, which proposes to acquire from The North American Col
3,336 shares of the common stock of Laclede Power & Light Co. (a
subsidiary of Ogden Corp.) for $330,000 in cash.
Laclede Power &
Light has outstanding 35,993 shares of common stock, of which Ogden
Corp. owns 32,391 shares; North American owns 3,336 shares, and the
remaining 266 shares are owned among approximately 40 small hold¬
ers.
The proposed acquisition is stated to be for the purpose of facili¬
tating the consummation of the plan of reorganization of The Laclede
Gas Light Co., which plan provides in part, for the sale of the elec¬
tric utility assets operated by Laclede Power & Light Co. to Union
Electric Co. of Missouri and the dissolution of Laclede Power & Light
Co.
This plan is ftie subject of separate proceedings before the Com¬
mission.—V. 157, p. 2154.
Net
have declared
Commission
record
company
Net
The
Exchange
June 14.
As of April 30,
1943, earned surplus of
$1,207,037 and capital
surplus $4,526,214.
The
paid out of earned surplus to the extent of such
surplus and the remainder out of capital surplus.
the
2047.
Car- Corp.—Resumes
and
payment by the corporation out of surplus
dend of 75 cents per share on its common
1943—4 Mos.—1942
$21,445,600 $19,728,033 $82,701,789 $78,335,819
47,964
46,164
175,687
194,358
12,821,531
12,695,600
51,244,274
50,071,998
North American
year.—V.
Water
Co.—Earnings—
1943—3 Mos.—1942
1943—12 Mos.—1942
Operating
revenues
$384,890
$395,566
$1,432,250
$1,466,080
Operating
expenses
218,218
229,649
855,789
858,802
33,315
35,205
122,294
131,649
28,000
21,074
76,426
65,610
$105,357
$109,638
$377,742
$410,018
other
Taxes,
157,
1087.
inc.
&
than
Fed.
excess
profits-
income
3,844,630
3,186,604
of
19.
accumulations,
Similar
quarters.
share
on
the
$2 preferred stock.
$1
per
per
both
distributions
Arrearages
6%
share
share
as
preferred
on
at
and
taxes—
Stock
Other
income
68
167
160
Chicago recently obtained on all
J. Noonan's stockholdings in the above corporation of which he
Other
income
66
167
160
64.198
67,176
260,767
271,639
$41,224
$42,629
$117,134
$138,752
the
6%
$2
Creameries,
Inc.- -Option
on
Exercised—
The
option that J.
Phil
is President
whom
was
Mr.
M.
Doroshaw
exercised
Doroshaw
represents
control
butter
and
June
recently
of
this
producers
North
of $9,000,000.—V.
on
in
and South
151,
of
April
1
Interest
by Minneapolis financial interests,
transferred his option on the stock
company
the
which
country
Dakota.
is
one
of
operating
Sales in
1942
the
11
were
largest
plants
2,
to
The
$3.33Va
per
stock
of
directors
dividend
record
June
on
on
June
the
17,
at
oth.
deducts.
in
income
Net
—V.
10
declared
common
the
stock,
rate
374
.
374
157, p. 2049.
excess
Ohio
Public
Service Co.—Dividend Date Changed
2201.
Northeastern Water & Electric Corp.—Stock Dividend
1943,
&
income.—_
in
T,
each
on
p.
oper.
15
pre¬
July
,
Net
Minnesota
on
made
to
American
independent
the
payable
were
Federal
North
to
have
$3,986,720
2,889,384
$401,557.
rev._
income
—V.
of
2046.
directors
oper.
expenses
oper.
Net
Net
which
amounted
21,831
11,287,614
which
with
Net
41,667
transferable
nine
1943—4 Mos.—1942
2,279,088
effective
Uncoil,
Net
5.242.932
profit and loss——
the
Co.—Earnings—
$3,291,297 $17,110,277 $12,804,578
1.425.752
,
preferred stock and
838,033
1,638,356
4,374,983
balance
revenues
Operating
each
New England Power Association—Preferred Divs.—
of
157, p. 2255.
1943—Month—1942
$4,354,652
.
registration statement
dividend
2254.
p.
Uncollectible
,
other
&
1942
662,925
New York Telephone
The
1,118.666
income-
funds
of
Power
1,728,043
dividends;
Consolidated
con¬
1,941 600
,
appropriations of inc.
stock
Federal
4,245,780
municipal)
Consolidated balance before capital
and other charges
Preferred
$15,324;
329.049
taxes
Net
ferred
period
2,827,539
Northwestern
common
excess
'Other railway taxes
holders
the
$110,158; uncollectible
contributions
$11,750; '■ earned
1943—Month—1942
-u——,—
The
Hunter pointed out—V.
Period End. April 30—
15
June
938,017
_
"I "I "II III
(Federal,
common
Period End. May 31—
p.
began
$18,632,578 $17,708,099
7,766,872
6,870,006
Interest
the
157,
Circuit
$18,433,423 $17,283,569
199,155
424,530
_
Depreciation
New York, Chicago & St. Louis RR. —Earnings—
to
In
1943
earnings
Maintenance
Operating
par), $117,000;
long-term debts,
$200,000:
accounts
payable, $617;
deposits, $140; taxes accrued, $3,197; other current and
$349; customers' advances for construction, $6,637;
$2.1.20:
Balance
same
___
p.
1957,
1,
ance
1
gross
companies,
.total, $495,066.
.—V.
the
revenues™
Operating
Operating
(& Subs.)—Earnings
——„
income
Total
deferred debits,
liabilities,
deferred
Sinking
Mr.
taxes
statement
.
New England Power Association
$12,042;
profits
for
6,424
oper.
became
company
3 Mos. Ended March 31—
Operating
:
Liabilities—Common
,
showed an increase
month
82,007,845
to
Northwest Publications,
the
account
Period End. April 30—
plant, $467,241; cash. $5,141; consumers' accounts
$19,042; pining and connections accounts receivable, $40;
accounts
Federal
1942,
quick delivery of priority express, such as machine
war production
centers, has been the chief reason
expenses
157,
The
fixing of the "fair value" of the project by mutual agreement
adjudication, as provided for in the license.—V. 157, p. 1849.
Gross
4,200
Assets—Utilitv
struction.
of
$9,041
7,020
——
Balance Sheet, March 31, 1913
,
other
miles for the
pound
May,
6,373
income
—V.
-V.
$6,403
appropriations
.accounts,
in
for
demand
Net
Net
—V.
9,
—_
stock.
this corporation in its report
Croil Hunter, President and
by
month,
last
said.
express
revenues
Uncollectible
oper.
rev.
court
256
customers'
the totdl
10,000 pounds of air express over
recorded
Period End. April 30—
principal
2047.
contends, is without effect because the
Commission lacks jurisdiction, and it is in violation of the
50-year
license granted by the Commission on March
2,
1921, because it is
based
upon
the Commission's alleged illegal determination
of
the
"actual original legitimate cost" of
thevproject after hearings, instead
$17,988
long-term debt—7,500
companies.Other interest charges—111
accrued
Up—
matter.
The
230
accruals—
Amortization of debt discount and
other
date
the
p.
Appeals
order
an
1
•
,
an
transfer
surplus
the
on
$25,054
—
—
reserve
■y Gross
receivable,
expenses
1942, under which the company is re¬
$15,573,943 from the fixed capital account to the
of its project No.
16, a hydro-electric plant
located tfti th'6' Niagara River.
The court on June 16 reserved decision
quired
Operating costs
Net
of
157,
Heard
of
Court
appeal of company to set aside
Commission,
4.293
—_—,_—-
Dividend
"ad¬
Haven's
and
the
from
50%
over
1.949
4.134
.
Utility operating income
Other income
•
New
revenues
earnings
will
*
year,
year.
Property
Argument
was
carried
Operating
Haven.
New
earnings of the Housatonic
requirements.
It was esti¬
interest
excess
1943
last
the
at
Court—
13,982
——
Federal income taxes—,
on
made
$47,580
16.023
——l.
Maintenance—
Interest
the
Committee,
Cuff, President and a director of the Republic Mining
& Manufacturing Co. and Vice President and a director
of the Alcoa
Steamship Co., has been elected a Director.—V. 157, p. 1849.
1942
1943
General taxes
Gross
for
be
to
outstanding Housatonic bonds.—V.
Falls
than
the week
with 34,increase of
Power system for
kwh., as compared
week
Niagara Hudson Power Corp.—New Director-
Operating revenues
Operation—
-
system
Committee
'to
of
Frank
New Canaan Water Co.—Earnings—
Retirement
plan
the
that the present strong cash position of
system capable of paying off the Housatonic
substantially
are
Niagara
2256.
12
reorganization
of
y
Exchange Commission filed a brief in the Circuit
Appeals for the second circuit at New York June 10 asking
of
is
payment
(Del.)—Weekly Output—
States
39,155,000
Northwestern Bell Telephone
maintains
makes the
by the
amount
The Securities and
Court
for
Chairman
According to the Committee application of
justed segregated earnings formula" to the
trusteeship
.
Brooks,
$194,388
50-year
bonds.
•
A
par
S.
E.
Request
the
on
Committee
the New Haven
•
Court,
13.
of
Northern
totaled
year,
80,547,846
Net oper.
5%
of
amount
mortgage bonds of the Housatonic RR., due Nov. 1, 1937,
sought by the Housatonic Bondholders Protective Committee
be
Federal
the
more
replacements, to
for the increases,
consolidated
There have
,
171,058
$228,085
divs. and surp.
com.
corresponding
2255.
p.
Manager,
total
The
Operating
principal
193,642
171,058
RR.—Housatonic
Bondholders to Seek Payment—
Munising Paper Co.—Bonds Called—
$559,089
159,707
—
—
the
pounds
Operating
New
840,352
$558,850
before capital charges-
Airlines Inc.—Air Express
last
of
May
of
for
157,
114.163
General
>
.
9.10%
276,256
759,426
municipal)™——
—
1943,
12,
increase of
An
of
week is reported at 104,704,000 cu. ft., an
8,732,000
169,600
243,999
charges
is
increase
of
output
kwh.
New
week
the
1,460,142
139,338
———™
and
balance
Northwest
31,238
income———
$351,394
12,051,413
$3,305,438
1464.
June
683,000
$2,516,504
145,137
_
income
For
of
'
terms of its lease with Morris & Essex
$2,542,644
_,
™—™
State
other
p.
12.9%.—V.
Output-
for
.letter stated.
1942
Only
31—
——
deductions
Net
post-war
issued
Company
$441,728
1943
of
68,032
$3,219,403
™.
Northern States Power Co.
from
a point commensurate
with its prospective earnings
period, and, second, the assurance that the bonds
your stock will be supported by adequate security.
We hope that a proposal can be worked out sufficiently fair to the
.Morris & Essex stockholders to justify our submitting it to you," the
in
to
•
income
Other
stockholders unless it
charges of the system
Essex
total
the
March
$753,727
Provision for Federal income taxes——————
Morris
Morris
to
Net
fixed
with
overburdened
the
any
Ended
'—-
Expenses-
•
1942
$3,237,406
—
dividends
Electric
for
now'
is
the
Months
as
$2.—V>
1943
_™
——————
Consolidated balance for
—V.
,
disproportionately heavy mort& Essex property, your
settlement of present controversies
of
on
that
assurances
30.
June
12
Income
1942
23,
1,517,790
—
———
and
Interest
Preferred
1,007,802
:____
———
date.
during
Dec.
$3,191,128
.jv
...
™—.
costs
Depreciation
Taxes (Federal,
$1,449,530
863,273
!
Provision for Federal income taxes
Morris & Essex RR.—Outlines Conditions on Accord—
and
2,089,915
Gas & Electric Association
income
Net
»
stock
Lighting Properties (& Subs.)—Earns.-—
earnings
gross
Maintenance
$3,843,206
328,273
2,046,340
$1,617,000
England
the aforesaid
on
common
31, .50 cents;
28,275
Consolidated
income
Other
-
recommending any agreement for settlement of the leased line matter
'with the Delaware, Lackawanna & Western RR., J. H. Thayer Martin,
President, states in a letter to stockholders, in connection with the
the
on
Oct.
.
„
of
ended
•
made
operating revenue
Total
'
,Balance
each share owned
were
65 cents;
2154.
p.
Gross
1942
—™_—1,101,963
Operating income
Net
stock
pfd.
on
(& Subs.)—
381,496
$89,336
'Net income
Divs.
Electric Association
Provision for taxes other than Fed.
$847,157
287,709
$66,299
other
&
$85,894
income
17,
North Boston
424,113
taxes
March
Other income
expenses
Provision
v
Gross
Months
Maintenance
270,700
312,919
taxes.—
profits
exc.
'
par value for
distributions
3 Mos. Ended March 31—\
1943—12 Mos.—1942
1943—Month—1942
Operating
Prov.
157,
...
Mississippi Power Co.—Earnings—
Gross
Cash
follows:
of
Output
2.05%
$5,-
surplus,
New England Gas &
Period End. April 30—
stock of $1
V.\
/y.
P,
Association
its territory
Liabilities—Capital stock (par $5), $16,536,513; accounts payable,
$6,611; accrued taxes, $304,837; other current liabilities, $82,161; re¬
serves,
The
2351
of
out
of
payable
one
capital
June
additional
surplus, a 100%
to stockholders
24
share
of
common
to
sixth
to
O.
the
Kennedy,
Board
of
the
the
of
President
Directors
annual
and
months
of
General
the
that
dividend
on
Manager,
company
the
first
pay
on
has recommended
July 1,
1943 one-
preferred stock, 5 Va %■ series,
dividends on this
issue
thereafter
are
to
be
paid as declared on a quarterly basis,
namely, Oct. 1, 1943, Jan. 1, 1944, etc., or on the same dates as divicover
May
and
June,
1943.
The
THE COMMERCIAL & FINANCIAL CHRONICLE
2352
dends
quarterly
—V.
paid
now
on
payment
the other classes of preferred
on
the 5 % % issue was made
157, p. 1562.
■
;
.
,
,
v
May
on
last
In
1943.
that
The
stock.
1,
stock
Omnibus
3
Corp.—Earnings—
Ended
Months
its
March
31—
excess
Net
operating income
and miscellaneous taxes...—
Interest on long-term payable to Fifth Avenue
Coach Co., a subsidiary—
...—'
income
Oil
Gasoline
&
Corp., at
owner
of approximately 50'. 1%
of the out¬
stock of Panhandle Eastern Pipe Line, sold such
Phillips Petroleum Co., which purchased such stock, half for
Monday, June 21, 1943
;
*
12
to
and
account
own
half
for
the
of
account
Missouri-Kansas
Net
income
:
,
33,749
the
of
outstanding 4%
debentures
will be redeemed
the Manufacturers Trust Co.,
due
$263,328
—
$107,567
3,384,884
Called—
on
at
Retirement
corporation has called for redemption as of July 1, 1943, a total
of $18,812.50 of 15-year 4%
income bonds due July 1, 1949, at par
and interest.
Payment will be made at the United States National
Omaha, IJeb.
into
converted
I
received
have
concerning
possibility
the
Federal
has
delivering Hetch-Hetchy power to Pacific Gas
order makes the present agreement effective
been
Co.
Electric
&
The
new
1, 1944, ! "
'
when Federal authorities were successful in having judicial
that the city's contract with the Pacific Gas & Electric
until July
Last year,
determination
illegal, a temporary postponement to execution of the decision
was
granted in view of the city's belief that a way out of the
impasse could be found by selling the entire Hetch-Hetchy power
was
new aluminum plant under construction at RiverHowever, this plant is still able to take less than the generating
production
bank.
to
a
capacity pf the city's hydro plant, and the original order was to have
expired at the end of this month,
,\
Unless modified, the original order would have resulted in the city's
excess
capacity going to waste.—V.
power
satisfactory
of
partially
in
1942
♦Income
Opeiating
Operating
$564,115
as
Dividends
Property
534,559
52,516
565,997
700,000
809,900
192
limited-term
of
Net oper. revenuesRent from lease of plant
19,437
228,412
$165,301
Dr50
858
$184,947
$2,344,163
$2,022,000
103,596
$166,159
108,065
1,310,941
1,349,561
$81,351
—_
$58,094
$1,033,222
$672,439
deducts..
etc.,
$1,793,847
$2,343,366
$2,022,259
!vuu-797"
Dr259
r-
Gross income
Net income
$2,111,322
'232,044
$184,957
Operating income—
income, net.
Other
Interest,
$146,068
19,233
$165,560
—
Dividends applic. to pfd. stocks for the period—
_
458,478
1942
$213,961
♦Including for periods prior to April 30, 1942, consolidated operations
the company and its former wholly owned
subsidiary. Inland Power
Light Co., whose net assets and business were acquired as of that
of
&
date.—V.
157, p.
2049.
Pacific Telephone & Telegraph Co.—Earnings—
Period End. April 30—
Operating
Uncoil,
Operating
1943—Month—1942
1943—4 Mos.—1942
—_
$9,558,924
revenues.
21,500
34,000
85,000
6,350,517
5,549,291
24,901,641
21,471,911
expenses
the
oper.
Operating
taxes
$2,586,507 $12,295,844
$9,872,601
1,944,024
1,483,562
$1,242,883
Net
$1,102,945
$4,759,040
1,793,374
5,553,975
7,147,512
.
The
of
$140,000
dated
for
redemption
mortgage
1915.
at
National
4%%
102%
Bank
and
of
as
f.\
Pan American-Grace
)
40-year
interest.
Chicago,
Payment
trustee,
will
be
made
Chicago, 111.—V.
155,
Airways, Inc. --Record Traffic1943
1942
First Quarter
Miles
flown
The
1,111,205
J.
4%
810,035
from
into
have
$7,909,000
to
and
company
which
of
of which
1956,
been
now
reduced
by
and more
the year 1935.
—_.
;
$15,000,000
.
S.
companies
English
(payable in Canadian funds)
(payable
company
5.600,000
pounds)
in
It
is
these
—-i.
-
1,206,000
-
-
$24,596,000
----
interesting
to note that the numerous transactions by which
refinancings of the company were effected since 1936
major
than
and
of
payment
no
During
$82,500
underwriting fees or commissions to anyone
several banks under stand-by loan agree¬
paid
commissions
the
to
the
period
same
totalling $3,732.
consolidated
net
dends
on
all
37 %.
par
eliminated
194,294
173%
extraordinary
assignment of two DC-2's
as
after
years,
seven
approximately $18,090,000
55%
"These
past
effect to the refinancing
its consolidated subsidiaries
giving
already referred to, the company and
paid off approximately $32,000,000 of fixed debt and preferred stocks
of subsidiary companies owned by minority interests and has added
approximately
$20,000,000
to
consolidated property account,
repre¬
senting additional
properties
acquired,
improvements,
replacements
and properties of subsidiaries consolidated for the first time.
During
56%
stated:
value
is
to
first
and
through
Current
due
classes of stock of the
of
second
Mr.
Kirkland pointed out
Coast
of
has
become
the
movement
the
economy
the
all-out
South
most
that with the elimination of most
American
passenger
steamship
practically the only available
of
per
shortage
a
of productiov materials, a decrease in numbers of per¬
directors, producers and writers: in fact, all the ingredients
sonalities,
that
into the making of a motion picture.
We
inventory so that the end of the war will not find
go
investment in
an
of
officials
and
of the republics
effort
war
active
of
of
the
the
line
transportation for
personnel working to coordinate
other
in the
the
services,
As
of
means
countries
United
States.
served
The
by Panagra with
had
been
elimination of
company
in
aiding the West Coast republics in the
previously controlled by Axis corporations, replacing and
Increasing frequencies and installing new lines.
The figures for the first quarter of 1943
include the express total
for
Panagra's cargo operation
between
Balboa
and
Buenos
Aires,
which is said to be the
longest commercial air freight operation in
air
services
the
world
line
has
terials
in
the
among
been
of
in
the
these
last
Andes
and
of
for
countries.
12
from
a
nature
goods
the
be
and
West
These
valuable
to
effort
of
the
to
and
Nations
and
light manufactured articles
Coast, integrating the young
operations
experimental
carried
United
out
in
are
fact
base
after
for
the
a
prac¬
war.
Panagra has instituted
Antofagasta to Salta, serving a
a
much
new
rich
line
mineral
larger
across
area
Buenos
Aires, increasing the domestic services
30%, and has also established service be¬
Colombia through Ipiales.—V.
156, p. 1508.
Argentina
Ecuador
war
months
by its extension
northern
tween
the
consumer
laboratory giving
In
having a U.S. certificate.
This
factor in transporting many vital ma¬
various republics of
operations of this
the
airline
an
needed
distribution
the
by
important
an
urgently
industries
tical
operated
over
result
a
war
the
British
of
negotiations
Government,
by
the
amounts
watching
are
with
us
of
these
recently
this
in
will
too
our
large
to
transferred
was
This
made
on
film
of
Oct.
in
1942
arrangement
current
a
24,
and
also
basis,
by
the
it
and
1942.
are
is
A
that
its
large
has
in
be
progress
made
in
for
a
complete
unfreezing
that
so
full
dollars.
of. scientific development to meet the demand
of the war is bringing
knowledge of how to do things which in a
great many ways may affect the amusement
business.
We .have
several
investments
in
connection
up-to-the-minute
be
may
in
that
television
with
development.
We
that
so
we
fortunate
are
in these developments, not only because of
satisfactory financial results,
but particularly
because In two of them we feel we have thereby
materially aided in the prosecution of the war.
I refer particularly
to the Alien B. DuMont Laboratories,
engaged in the manufacture of
the
to.
cathode
the
now
in
has
tubes
ray
Naval
charge
which
School,
connection
for
play
primary
with
1,000 service
over
Panhandle Eastern Pipe Line
Company
Co.—Registers With SEC
our
men
such
in
large
a
Radar
television
part
training
station
training.—V.
in
Radar
operated
in
12 filed a registration statement (2-5152)
with
Exchange Commission covering a new issue of
$10,000,000 10-year 2%%
debentures, due June 15, 1953. Principal
underwriters are stated to be Glore,
Forgan & Co., Kidder, Peabody
& Co.
and The First Boston Corp. who,
upon the registration state¬
ment
becoming effective, are expected to make public
the
in
of
and
debentures.
carrying
the
tional
out
Proceeds
an
of
the
expansion
sale
will
program
be
used
share
providing
including construction of
forth.
June
and
the
stock,
18.
quarter
157,
p.
usual
par
declared
an
extra
auarterly dividend
$1,
1942.—V.
Period End. May 31—
Sales
—
157,
p.
both
payable
were
157,
p.
made
of
dividend
15
June
on
cents
30
March
to
which
•
-
-
-
of
per
10
•
■■■
i
■
share
holders
of
on
per
$927,326
_______
deducts.-
31,977
<
40,234
$882,525 $11,249,261 $11,229,629
470,291
5,499,380
5,670,631
449,229
—V&I157e
$1,907,306 $1,712,466
" 2050~
Philco
$5,749,881
——-—_
$5,558,998
3,842,575
3,846,532
Corp.—Output May be Increased—
Present
indications
materials
is
■
E.
a
will
completed
that
are
increase
this
further
additional
011
corporation's production of war
coming months as engineering work
in
new
equipment
for the Government, Larry
Gubb, Chairman of the board of directors, informed stockholders in
letter accompanying the June 12 dividend checks,:
"Philco has recently been given
permission for the first time to an¬
that
nounce
the
ment,
Navy,"
"Radar
forces
and
one
one
of
secret
the
few
weapon
leading
of
the
suppliers
of
both
to
war,
radar
the
;
on
enemy
clouds
planes
our
planes
and
darkness.
or
and
ships
vessels
No
vessel
enables
equip¬
and
Army
stated.
equipment
locate
to
no
is
Gubb
fog, storms,
Radar
it
great
Mr.
f
our
'fighting
many miles away through
the surface of the water
on
plane within range of radar can escape its all-seeing eyes.
detection equipment saved England in 1940 and it is
today
most precious weapons in the arsenal of the
United Nations.'
of the
"It
has been the privilege of this
corporation to cooperate very
closely with the Army and Navy in the development and production of
radar equipment, accomplishing
many things that originally were-re¬
garded as 'impossible'. Thus, the company has been able to make a
special contribution to the winning
of the war,
and
j
at
the
same
is gaining knowledge and experience that can oe
given important
peacetime applications when victory is won."—V. 157, p. 2256.
registration
1942,
and
The
which
statement
statement
became
covered
(2-5079),
filed
with
the
SEC
Dec;
29,
effective
$250,000
April 3, was withdrawn June 8.
first mortgage 5%
bonds, due May
1, 1953.
Company offered to the holders of its 6% first mortgage
gold bonds due May 1, 1943, the opportunity to exchange their bonds,
plus accrued Interest, for the first mortgage 5% bonds being registered.
Exchange basis was for a like principal amount of the bonds to be
offered, with adjustment in cash for accrued interest.—V. 157, p.170.
Pneumatic Scale Corp., Ltd.—40-Cent Dividend—
dividend
stock,
of
$10,
par
distribution
follows June
cents
40
made
1
and
share has been declared
per
payable July
was
Sept.
30
1,
the
on
common
to holders of record June-19. A similar
1
Jan.
on
18,
last.
Payments
cents each;
in
and Oct.
1,
1942
50
were
as
cent* —V.
157, p. 259.
Portland
Gas
&
Coke
Period End. April 30—
Operating revenues
Operating expenses
Co.—Earnings—■
1943—Month—-1942
$462,940
—
203,041
Federal taxes
19,023
36,056
27,083
taxes
Prop, retire,
of
Amort,
1943—12 Mos.—1942
$369,731
258,618
—
res. approp.
$5,058,242
$4,010,161
2,988,879- • 2,282,997
111,793
116,660
338,289
395,751
21,485
42,709
22,917
.
333,333
275,000
limited-term
,
Investments
•
•
Net oper. revenues
Other Income (net)
$122,160
$79,579
.,
140
-
$1,285,808
112-
-
$939,641
154
Dr325
470
Dr 1,489
$122,314
41,567
$79,254
33,691
$1,286,278
$938,152
499,049
440,184
$80,747
$45,563
$787,229
$497,968
430,167
430,167
$357,062
Gross income
Interest,
deducts..
etc.,
Net income
$67,801
Divs. applic. to preferred stocks for the period-
—V? 157? p7l85L™"~
■
""
Public
Operating
$2,854,184
$634,663
$8,434,115
$7,955,855
187,740
164,113
2,975,944
2,564,703
15,058
14,680
.186,545
168,389-
42,401
36,678
464.677
413,571
68,484
66,821
796,189
781,398
901,221
power
for depreciation..
State
&
Social
munic.. taxes-
Fed.
security,
State
Fed.,
75,636
-
&
•
77.114
.
879,963
.
'
taxes
4,296
53,613
58,299
11,973
11,885
148,660
153,212
$258,437
$2,928,524
$2,915,063
•v::;"- 94
Dr7,965
Drl4,887
$258,531
$2,920,559
$2,900,175
126,800
68,386
1,033,905
61,511
447,278
*
Fed.
than
taxes
4,935
41,500
other
income
1943—12 Mos.—1942
.
$696 239
Maintenance
Prov.
Hampshire—Earnings-
1943—Month—1942
—
Purchased
Net
__——
income
$290,651
income,'
Dr498
operating
Non-operating
income
■
the
inc.
$290,153
___________
tax
(norm.
Fed.
exc.
Net
profits
income
div.
157,
tax—
,
$121,853
———
reouirem'ts
p.
831,725
..
&
surtax)
;
.
55,816
^
,
131,000
k
$128,634
,
55,816
2051.
625,922
$1;308,376
$1,442,528
.669,797
;
J..'
,.
,;-
-
r«.
;
t
669,797
.
-
1943—5 Mos —1942
$2,606,099 $13,941,424 $12,336,458
Puget Sound Power & Light Co.^—Plan Fair—
Judge
Boston
'
of New
Co.
revenues
Operation
Pfd.
1943—Month—1942
;
Service
Period End. April 30—
record
997.
2256.
: <■-
etc.,
Deductions
cents
31, last, and in each
?r'.
$11,189,395*
Dr271
2255.
Peoples Drug Stores, Inc.—May Sales Increased-
—V.
$882,796 $11,217,284
'
-
Fed.
have
Similar payments
during
15,808
$478,097
$412,234
Divs. applic. to preferred stock for the
period—
—V.
addi¬
the regis¬
directors
common
offering o*
by the company
for the extension
company's transmission system
pipe lines and installation of additional
compressors,
tration sets
The
17,227
1,617
and
without
Chicago,
Pennsylvania Forge Corp.—Extra Distribution—
June
on
Securities
1,363
limited-term
future
expected that
The accelerated pace
made
2,040,733
a
now
can
5,935,098
2,052,362
other
balance
provides
and
With
companies
company
rentals
At the present time your
company is receiving
portion of its film revenues from Australia, New
India, and representations have been made and nego¬
only
and
tiations
payment
be
your
of
continue.
dollars
Zealand
funds
received.
will
remittances
film
Arherican
owed
distributing subsidiary for share
transactions were completely unfrozen as
portion
7,215,613
173,969
pictures.
English
been
730,656
>
income
Gross
the
624,035
—
approp.
Other
conversion.
or
picture are increasing substantially
operating under wartime conditions.
There
costs
difficulties
the
and $32,000,000 aggregate
stocks of the company was
company,
preferred
redemption
purchases,
production
assets increased $12,000,000
disbursed to stockholders as divi¬
current
was
.
West
1943—Month—1942 ' • 1943—12 Mos —1942
$3,786,794 $47,561,177 $44 409 519
1,760,510
23,665,358
22!378 485'
2,069,701
Plnehurst, Inc.—Registration Withdrawn—
2,700,000
•
companies
$17,401; miscel¬
supplies, $4,502; pre¬
and
'
1,502
The
A.
»
90,000
—
Subsidiaries
U.
.
receivable,
time
Parent Company
15-year serial notes and debentures
Mortgage on real estate
$12,816
The
this refinancing, the annual interest charges of
its consolidated subsidiaries presently approximates
1942,
accounts
$925,824
company
with $1,370,000 for the year
\
22,222
materials
revenues—
Net
of
maximum
a
$16,634,700.
to
6,615
•
$4,079,625
—
—
the
Despite these outlays the cash position of the company remains
strong and a breakdown of funded debt outstanding at the completion
Of the present financing will be approximately as follows:
«>
9,926
Vice-President,
of
Interest,
shares
121,451
'
$13,799
.1
172,615
res.
Gross income
per
accomplished
was
compares
than $3,000,000 for
7,847,136
maximum
April 30—
taxes
Net oper.
share.
Since that date
been called for redemption and the
common stock were redeemed
at $100
$100
par
debentures due
issued,
were
effect
Giving
$800,000.
529,811
Kirkland,
result
Increase
utilization of existing equipment and
to freight operation?
exclusively.
Inas¬
through certain sectors our load factors are now 100%
additional equipment is urgent
required to keep pace with the grow¬
ing demand."
the
much
outstanding
were
recently completed what we hope will be the final
step in its debt consolidation program whereby taking advantage of
the present credit position of the company it arranged to retire on
July 13 all outstanding 4% debentures due 1956 aggregating $16,634,700
principal amount, partly out of corporate funds, and by an issue
of serial notes and debentures
totalling $15,000,000 extending over
15 years.
These obligations were sold at par to a group of banks
and insurance
companies at an interest rate approximating 2.80%
annually, with rights of prepayment at par.
15,415
...
Express carried—pounds
Thomas
there
while
First Quarter
$1;
Other income (net)—
stock.
preferred
;<
Sheet, March 31, 1913
consumers'
investments
which
company
12,302,700
Passengers carried
Passenger miles flown
increases
outstanding second
converted
not
of
ments
of July 1, 1943, a total
sinking fund gold bonds
p. 2187.
•
all
share,
per
v 8,545
$19,432
eafned surplus, $31,186; total, $422,729,—
expenses
taxes
Amort,
A
called
first
l,
First
Other
preferred stock not
$10.06
at
8,295
$20,329
.
______
:
receivable,
revenues
Prop, retire,
purchases this
and last year of $4,909,000 principal amount, and by the recent pay¬
ment in cash of $3,090,000 to the trustee in anticipation of future
sinking fund obligations.
'
involved
been
of
July
the
at
1943,
company's
reduction
ether
have
2,
redemeed
were
second
shares of
$27,977
.
Pennsylvania Power & Light
Co.—Earnings-
Federal
5,634,050
Paducah & Illinois RR. Co.—Bonds Called—
k, '* 'A' ,fk 1
—
$100;
accounts
Period End.
plus accrued dividends.
per share
$4,238,551
917,657
7,536,804
—V. 157, p. 2255,
There
call
eliminated
shares
Total
income
oper.
income
the
51,110
$8,169,798 $37,282,485 $31,467,312
$3,186,907
revenues..
Net
remaining
on
Canadian
Net
i*'
.
appropriations
Operating
Operating
aggregated $3,811,198
122,800
revenues
oper.
paid during 1942
Jan.
4,534
458,478
$574,744.
—
same
a
for the first
$29,915,000
company's first preferred stock,
all first
preferred shares have
the
Balance
.
$14,631,650
basis in 1941.
totalled
6%
$24,543,700
investments
earnings on
1943,
with
104
$28,624
6,531
,'>y
—
,
608,290
57,908
reserve
appropriation
Amort,
588,717
411
■;
retire,
3,165,787
58,333
taxes
Other
$6,912,575
3,021.130
46,744
Federal taxes
;
$6,987,577
compared
,
deductions—
V^155 conjg2gCtion'
earnings
representing divi¬
per
annum
on
first and second preferred stocks and
$1.05 per share on the common stock.
During the last quarter of
1942 the dividends on the common stock were placed on a regular
basis of 30 cents quarterly and similar dividends were voted April 1
and July 1, 1943.
at
On
$547,653
235,929
55,232
241,247
first quarter of
as
transaction
52,231
revenues—
expenses
past
the
during
undistributed
of
share
1943 will be better than the same period last year.
dends
In
1943—12 Mos.—1942
exceeded
been
and
similar basis totalled
quarter of 1942.
Preliminary estimates indicate that the earnings for the second quarter
Statement
-1943—Month—-1942
have
$27,873
,
Liabilities-—Capital stock (2,710 shares no par), $125,000; long-term
debt, $175,000; accounts payable. $1,332; taxes
accrued, $1,745; interest
accrued, $1,641; other current and accrued
liabilities, $560;, customers'
advances for construction, $16,361; other
deferred credits, $28; retire¬
ment reserves, $68,796;
uncollectible accounts, $606; contributions in
and
owned non-consolidated subsidiaries
compared with $10,251,242 on the
the
During
$3,560,000
converted
Period End. April 30—•
results
4,804
•
•
payments, $895; total, $422,729.
have just used a considerable amount
consolidated
—_
'
Balance
general conditions continue
present levels I shall recommend later in the year
give consideration to increasing the common dividend.
Combined
continues.
.
Assets—Utility plant, $374,799; other investments, $134; cash; $24,897;
inquiries from stockholders
increase in the dividend rate.
further
we
business
;
Dr2i
.
_______
special deposits,
redeemed.
thoughtful
a
If
—
accruals
reorganization
and improvement, in spite of the present extraordinary taxation,
year
157, p. 2255,
Pacific Power & Light Co.—Earnings—
debts.
retire
Board
the
of
previously outlined,
to
Previous
Roche' at San Francisco has extended for another
arrangement whereby the City and County of San
existing
Francisco
substantially
that
Judge
the
year
cash
at
Agreement Ex¬
Electric Co.—Power
Gas &
I have
of
v Pacific
tended—
As
,
of
j.—_„_
.'
—
reserve
income
laneous
number
a
Net
the hands of
all outstanding preferred stocks having been
or
1,467
3i860
v;1,444
i:—$28,645
(net)
''J /
meeting held
Dividend
stock
common
,»
—
Gross income
Income
at the annual stockholders'
This meeting is unique in that it is the first since the
Paramount at which the entire voting power is in
of
the common stockholders,
The
Bank of Omaha, trustee,
Barney Balaban,
June 15, said in part:
taxes—
income
\
period (credited direct to surplus).-^. 157, p. 1562.
Orpheum Theatre Corp. of Omaha-r-Bonds
16,795
2,652
3,838
income
Gross
trustee, 45 Beaver St., New York, N. Y.
President
1942
$54,799
19,214
!
Utility operating income—
Other
—Earnings For Second Quarter Up—
equity in net income of subsidiaries for the
over
1943
$55,794
—_________
called
1956 not heretofore
July 13, next, at 103 and Interest,
on
9,981
3,700,007
,L_—
31—
,y
Federal income
Paramount Pictures, Inc.—To Redeem All Debentures
All
redemption
32,774
March
Maintenance?..—:
10,319
25,217
surplus—-balance March 31
Ended
Operation
Pipe
General taxes
$161,616
tax___i__-_
♦Dividends received
Months
Operating revenues
Increased Dividend May Be Considered Later In Year
Earned
Pennsgrove Water Supply Co.—Earnings—
beneficial
common
Co., the registration states.
"This sale was made pursuant to
plan approved by the Securities and Exchange Commission under
the Public Utility Holding Company Act of 1935."—V. 157, p. 2155, .
3,430
$331,467
10,149
_____—
——_
Columbia
year
a
$165,046
47,680
L.X
_
General expenses
Federal
1942
$379,147
.—
____
present
Line
1943
:
Income—dividends from subsidiaries
♦Net
the
the
time
standing
.
of
March
Charles
E.
Wyzanski,
June
10
found
on
the
Jr.* of
plan
the*
for
Federal' District ' Court' in
the
recapitalization
of
this
Volume
fair and equitable and directed that it become effective Sept.
In case the decree, is appealed, the plan will become effec¬
third business day after the disposal of such appeal.
No
company
13,
1943.
tive
the
the plan.
The Plan
stockholders will
leceive, per share, $2.50 in cash and an additional one-quarter of a
share of prior preference stock,
and that the $6 dividend preferred
stock will receive, per share, eight shares of new common stock, or
approximately 97% of the total of this Stock, while the present com¬
appeared at the hearing in opposition to
provides that tl\e present prior preference
fctockholder
.
will receive one share of new common stock for
shares of present common stock, or 3% of the new common
mon
stockholders
each
20
The
Operating
revenues
$5,601,074
6.777,477
$5,549,091
6,584,560
"'$263,552
Cr2,985
*$304,228 *$1,035,469 *$1,176,403
;
;; 263
Cr3,280
3,287
V.
ordinary inc.ord. inc.
*$266,537
29,425
Gross
from
Deduct,
.
60 cents.
—V.
157,
260.50
252.64
175.26
20.79
!
share
common
19.78
9.75
2156.
p.
*$318,344 *$1,129,192 *$1,215,268
*$295,962
Net ordinary income-
cents
Quarters Ended March-31—
:
each
*In
$59,062
April 1,
each.—V.
$0.34
Annual
the
subject
war
per
1940,
years
of
required.
'
'
- ,
share applicable to common A and B stocks,
1941 and 1942 were as follows: $1.10, $2.74, $1.79,
is
any
earnings
renegotiation
from
adjustment
to
157,
the
on
common
stock
during
cents, and July 1, Oct. 1
12%.
1942
were
fol¬
as
1943
$729,910
50,559
Assets—
Cash
♦Accts.
1
1
current
Total
ior doubtful
less reserve
rec.,
tlnventories
accts.
1942
$55,682
1,254,828
874,036
1,320,286
801,852
1,515,613
receiv.
2,976,533
3,631,485
interest
accr.
•
accounts
._
incl.
assets
doubtful
for
less res.
rec.
-
—
—
notes
Contract
Other assets incl. plant and equipment
1,097,992
1,192,538
corporation has called for redemption as of Aug. 1, 1943 a
total
$1,017,500 of general mortgage 4 VzVr bonds, series B, due Feb. 1,
1961, at 102 and interest.
Payment will be made at the Chemical Bank
1949.
corporate trustee, 165 Broadway, New York, N. Y.—V. 157,
■
Liabilities—
Notes
(10
;A
,
.
payable
$50,000
——
—
$126,780
150,000
—
_
Notes
payable, others
—
Accounts
payable
Accruals, incl. Fed. income & exc. profits taxes
Pfd. divs. payable
(payable Vz April, Vz July)
—1
liabilities
Total
current
10
Notes
debenture notes
payable collateral trust
Notes
payable, deferred
year
service
1,059,535
1,030,000
10,552
—
74,238
36,411
2,518,741
38,711
30,812
2,805,149
————
——
_
*Accounts receivable are mostly U. S. Army and Navy and prime
.tlnventories—Due to Limitation Order
the production of commercial laundry equipment, inventory
consists almost entirely of finished products and work in process for
Government contracts and for orders from Prime contractors of the
,
contractors of Army and Navy,
restricting
Government.—V. -157,
1466.
p.
profit
Dividend
dividend of 50 cents per share on
the common stock, payable July 15 to holders of record June 28. This
compares with 25 cents paid on July 30, 1942, and 50 cents each on
Jan. 28 and April 30, 1942.
No other payments have been made dur¬
ing the current year on the common shares.—V. 157, p. 2051.
directors
declared
have
taxes
a
5,815,592
income..
on
—;
assets
Net
current
investment
of
of
Profit
facilities
plant
!
employees—
before
$5,815,592
taxes
1,373,592
1.07
12,195,961
2,428,277
2.10
2,867,674
2.53
34,619,031
20,017
.:
in
1941
1940
$48,602,557 $29,157,971
5,346,574
4,045,044
19,554,547
—-i
—
Earnings per share of com; stock—
29,679,625
13,674
income
on
8,971,925
«
and
(Revenues
Period End.
•
2229.
of Car and Auxiliary Operations)
1943—Month—1942
1943—4 Mos.—1942
General
Net
expenses
revenue
$7,459,422 $37,161,128 $27,639,117
■ 2,547,010
9,746,134
9,939,191
64,334
1,473,990
238,095
2,870,202
14,023,023
10,873,651
337,207
1,750,036
1,402,446
447,521
——
$2,870,472
—
Sales
:V
revenue
expenses
Net
net
295,986
1,340,670
1,157,870
218,197
948,954
847,305
^
$391,716
$310,565
$1,718,458 $10,559,662
982,990
8,747,827
$5,496,298
3,311,625
$1,811,835
$2,981,146
*2,488,306
revenue
Taxes accrued
------
Operating income
$735,468
$492,841
—
Seaboard
>
General
'Includes payroll taxes of $283,975 for the month of April, 1943, and
$51,102,483 for the four month# ended April 30, 1943; also U. S. Gov¬
ernment income and excess profits taxes of $2,017,855 and $6,899,330
April 30, 1943.—V. 157, p. 2156.
Quarterly Income Shares,
inc.—Reports
Purchase
on
repurchase plan re¬
cently instituted,
Quarterly Income Shares, Inc. has repurchased
less than Vz of 1% of its outstanding stock.
Since the plan has been
1n effect the over-the-counter market price for the shares has ap¬
After
one
month
of
operation under
the
:
1941
$4,750,740
3,653,621
198,179
169,942
195,980
$563,984
expenses.!
.
1942
2,087,511
$229,240
2,191
39,109
$268,349
4,952
580
$908,461
42,249
88,982
1,602
371,760
48,806
213,009
41,434
(other
Taxes
York,
.On May
80 %
of
net
asset
value.
This
1943, when the plan became effective, the Fund had
10,
stockholders, or an aver¬
and net assets amounted to'more than 18
plan the Fund will repurchase any of
its outstanding
stock tendered at 80% of net asset value, without
limit as to time or the number of shares which will be purchased:
This insures stockholders a dependable minimum figure at which they
can
dispose of their stock.
Of course,' stockholders are free to sell
in the open market, if such market, provides a higher price than the
price at which the Fund will purchase.
This plan is a distinct advantage to stockholders who must dispose
of their holdings because as stated above, the stock has sold in the
past as low as 58% of net asset Value. The plan is also beneficial
to
stockholders remaining in the Fund, because discounts taken by
stockholders selling to the Fund are earned by the-Fund, thereby en¬
hancing the asset value of the remaining outstanding shares.—V, 157,
2,350,409 shares outstanding held by 28,313
age holding of
P-
83 shares,
Under
dollars.
million
the
'
2051.
,
.
.
-,
Net
68,089
Federal)-.
than
charges
for
Fed.
inc.
norm.
taxes
$189,464
$0.65
profit ——_—
—
per share on common stock.
Earns,
$109,440
$0.38
y • $562,618
$1.94
the
—
Operation, taxes and other expenses
charges
Fixed
Provision
Net
*
—V.
for
i
——
depreciation
1942
$1,057,681
employees' bond purchases, $9,708; other assets,
(net), $665,585; patents, trademarks and goodwill
deferred charges, $99,350; total, $4,483,638.
$67,744; fixed assets
at nominal value, $1;
J.
$575,000;
payable,
sale
it
to
first
of
(EWT)
6,675
per
share
mortgage
6%
Riverside & Dan River Cotton Mills,
Inc.—To Pay 3%
On Account of Arrearages—
.
12
Rochester Transit
Monday,
declared
a
the
S.
U.
share.—V.
157,
under Section
10 & 25-Cent Stores, Inc.—May
Rose's 5,
1942—Month—1942
—V.
$830,341
-
157,
p.
$716,419
purchase
this
no
Sales—
of
close
519,298
-;i:x 121,645
112,500
$304,238
526,473
V
122,920
.
75,000
$306,410
purchase
Haven,
5,000;
M.
2,500;
the
holders of record June
23, last, and 10 cents
reported that net income before taxes for
expected to exceed $120,000,
and that the corporation's cash balance on July 1, next, will approxi¬
mate $208,000 in addition to Government securities of $22,000.—V. 154,
p. 1383.
' \
Reece Button-Hole
dividend
Machine Co.—Larger Payment—
of 20 cents per share
Chairman,
This compares with
1942 were as follows:
10
cents
paid
on
April
1,
last.
Payments in
have
they
the
Scranton
W.
York, 81,150;
New
agreed
&
to
New
Co.,
& Co.,
Putnam
Stoddard & Williams, Inc., New Haven, 4,000;
Co., Inc., 2,500; Colley & Co., Hartford, 2,500;
2,500; Huff, Geyer & Hecht, Inc., New York,
& Co., New York, 2,500; Mackubin, Legg & Co.,
Co., Boston,
Kidder
M.
2,500; Paine, Webber, Jackson & Curtis, New York, 2,500;
Brainard, Judd & Co., Hartford, 800; Robert C. Buell & Co., Hartford,
Baltimore,
R.
8C0;
L.
&
Day
Inc.,
Boston,
Co.,
Clemence
Gaynor,
Co.,
Bridgeport,
Co.,
&
Eddy
800;
Brothers
Bridgeport,
Inc.,
Robert
800;
S.
Morris
C! Robinson & Co., Inc., Hartford,
Co., Hartford, 800,—V. 157, p. 2052.
Henry
&
800,
Co., Hartford,
Hincks Bros. &
Hartford, 800;
&
800;
Co..
&
Whaples,
and
Vierlng
Selected American Shares, Inc.—18-Cent Dividend^directors
The
the
on
This
30,
June
on
capital
stock,
with
compares
1942.—V.
declared
8
payable
26
156,
dividend
a
June
paid
cents
30
18
29,
cents
of
record
of
holders
to
Dec.
on
last,
and
share
21.
per
June
15
cents
on
2230.
p.
Seven-Up Bottling: Co., St. Louis, Mo.—Dividends—
directors
The
the
on
dend
stock,
cents
55
June
on
common
of
per
declared
12
the
on
dividend
a
and
value,
par
no
share
the
5Vaft>
of
15
cents
share
per
semi-annual divi¬
usual
cumulative convertible pre¬
ferred stock, par $20. both payable July 1 to holders of record June 17.
A distribution of 15
cents per share was also made on the common
stock
April
on
quarter
from
last,
1,
Oct.
with 25 cents per share each
including Jan. 1, 1943.—V. 157,
compared
as
1941,
1,
and
to
1092.
Shawinigan Water & Power Co.—Earnings—
Gross
1943
1942
$6,114,111
$6,071,982
1,167,755
revenue
General,
Power
operating
and
1,060,306
1,053,185
maintenance
1,137,921
purchased
Water
"
124,502
277,251
887,746
65,495
725,000
893,706
65,495
700,000
$1,787,898
.
138,036
204,259
rentals
Taxes
$1,897,536
<
—
charges
——_
for
depreciation.—
Net profit subject to income and
1*57,
—V.
profits taxes
1565.
p.
Sherwin-Williams Co. of Canada, Ltd.-—15-Cent Div.—
interim
no
of
dividend
value
par
cents
15
cents
stock,
common
share—was
per
Pacific
Operating
Operation
made
share
per
payable Aug.
Dec.
on
Power
has been declared on
1 to holders of record
31,
1931.—V.
157,
p.
1950.
Other
$203,087
72,927
$199,297
70,452
1943—12 Mos —1942
$2,536,791
$2,584,476
935,411
946,865
130,797
109,979
18,748
13,590
24,274
37,866
388,549
22,540
inc. &
Fed.
Co.—Earnings—
1943—Month—1942
April 30—
revenues.™
Maintenance
24,021
247,929
346,578
271,600
$63,283
$54,683
175
Dr52
$834,104
4,091
$909,454
3,392
$63,458
$54,630
$838,195
13,889
13,872
166,621
$912,846
165,699
$49,569
$40,758
8,125
133
$671,574
97,500
5,709
$747,147
93,956
4,702
$32,501
$568,364
profits
exc.
taxes
Utility
income.
oper.
income
Other
Gross
Retire
St. Louis Southwestern Railway—Earnings—
Period End. April
Ry.
oper.
oper.
30—
revenues
Ry.
expenses
Tax
accruals,
valo._
ad
income
Federal
Federal
taxes
taxes
oper.
1943—Month—1942
1943—4 Mos.—1942
$4,993,485
$3,349,347 $20,467,936 $12,520,041
2,164,731
1,796,426
8,723,310
6,947,831
86,725
57,435
346,387
256,832
1,466,000
434,000
6,904.000
1,566,883
92,257
73,359
356,267
274,955
Other
income
29,955
21,559
117,522
income
$1,213,726
$1,009,687
$4,255,494
(net)
.V;
income
reserve
1st mtge. bonds
on
Other
Net
Total
ry. oper.
Deducts,
from
income
331,459
1,271,484
961,864
Net
oper.
Net
—V.
!_
income
from
gross
_
157, p. 2257.
inc.
$904,140
$678,229
$2,984,010
9,049
8,297
41,057
$913,189
income
income
income
$4,137,972
inc..
$683,526
$3,025,067
—V.
$2,607,836
31,259
$2,639,095
535,742
250,554
1,288,572
$435,972
$1,736,495
$1,632,426
8,125
249
"
$41,196
dividends——
stock
stock
.
157, p. 2157.
^
'
$648,489
210.000
210,000
268,922
:
■
dividends—
360,417
.
f
Simpson's, Ltd.—$1.621/2 Accrued Dividend—
$1.62Va
on
June
after
on
per
the
A dividend of
cumulations
able Aug.
%
share has been declared on account of ac¬
cumulative preferred stock, par $100, pay¬
2 to holders of record June
15 and $1.62V2 on May 1.
of
Sinclair Oil Corp.—To
H.
F.
Sinclair,
involving
President,
reduction
of
the
on
30. This compares with $2 paid
Arrearages as of Aug. 2, 1943,
dividend,
the current
share—V. 157, p. 1366.
payment
1,006,569
$377,447
(net)
chgs.
income
Preferred
.>
oper.
—
ry.
Deduct,
ry.
$988,128
accruals.
income
Gross
Int.
$3,569,700
309,586
oper.
ry.
$3,473,540
96,161
$1,183,772
income
has been declared on the common
stock, payable July 1 to holders of record June 15.
shares
,
Gross
A
Day,
at
v;
of
Charles
Barney & Co.,
expire
will
to
record
Bradley &
&
A.
:
.
of
holders
to
transferable,
be
number
follows:
as
Smith,
will
29.
the
and
given
are
8,150;
Estabrook
which
June
on
15
June
an
the
the first six months of the current year is
Non-oper.
157, p. 734.
Rights,
business
underwriters
mailed
were
taxes
Beale,
whereas
$2,974,849
23, 1941.
Phelan
securities
new
times that figure."
further
a
10.
A similar distribution has been made on this issue each
quarter since and including May 1, 1942. The previous payment—40
Corp.—10-Cent Div.—
This
Dec.
stock
the
July
1943—5 Mos.—1942
$3,632,022
declared a dividend of 10 cents per shax*e on
value common stock, payable July 10 to
compares with 20 cents paid on Dec.
par
25.
of
157, p. 2156.
stock
new
Period End.
on
value
par
of
distribution
of
suggested that
77."—V.
14.
June
on
Sierra
directors have
the
Security Insurance Co. of New Ilaven—Stock Offered
Provision
1852.
Ryan Consolidated Petroleum
The
for
Line
Air
The company is offering its stockholders rights to subscribe to
additional 50,000 shares of capital stock
at $30 per share In
ratio
of one
new
share
for
each
four
shares
held.
Warrants
An
Period End. May 31Sales
Baltimore,
Co.,
L. Leibell
1468.
p.
schedule
also
Exchange
Corp.—Proposed Sale—
June 21, there will be presented to Vincent
District Court a petition of the trustees of
Associated
Gas & Electric Corp. for an order authorizing the trustees to acquiesce
in the sale by The Railway and Bus Association to Erickson, Perkins
& Co. of its entire holdings of 133,930 shares of Rochester
Transit
Corp. common stock for a total, consideration of $803,580, or $6 per
in
Seaboard
the
in
Casey
Fixed
On
Trust
3 Mos. Ended March 31—
dividend of 3% on account of
accumulations on the 67c
cumulative preferred stock, par $100, pay¬
able July 1 to holders of record June 19.
A simUar distribution was
made on Jan.
1 and Feb. 15. last.
Payment of the current dividend
will leave two semi-annual dividends still in arrears.—V. 157, p. 558.
June
Maryland
the
effort be made by the re¬
ceivers to acquire and retire Seaboard Air Line securities: $12,841,600
of receivers' certificates, $4,017,620 of Carolina Central RR. first con¬
solidated 4s, and $6,273,820 of Florida Central & Peninsular RR. first
consolidated 5s.
He added that much time and expense would be saved
if the reorganiaztion of the Seaboard "is consummated through equity
courts in
Norfolk and Jacksonville rather than through proceedings
p.
on
a
committee.
Vice-President of
should probably be at least three
the value
trustee. 40 Water St., Bos¬
16 offered to receive bids for
20-year sinking fund gold bonds
1, 1946, at prices not to exceed 101 Va and interest.
A total
of $35,974.78 was held in the sinking fund for tne aforementioned pur¬
pose.
Accepted bonds must be delivered during the period July 1
to July 8 to the trustee.
Interest on accepted bonds ceases on July 1,
1943.—V. 123, p. 1887.
directors
of New
suggested that
debt retirement fund
mortgage,
Co.
For the purpose of the draft plan
shares of stock have been given a valuation of par or $100
the
on June
due Sept.
The
consolidated
(Mass.)—Tenders—
Bank of Boston,
Shawmut
National
ton, Mass., until 2 p.m.
the reorganization of the company
generally of Special Master Tazewell
first and
certificates
Casey,
800;
accounts payable (trade and
sundry), $263,573; customers' deposits, $9,080; accrued wages, taxes,
interest, etc.,
$145,345; payroll taxes, $39,632; property taxes and
Federal withholding taxes payable, $23,930;- unclaimed dividends, $607;
provision for Federal income and excess profits taxes, $464,792: liability
to exployees for war bond purchases, $9,708; reserves, $274,248; capital
stock
($1 par),
$290,000; capital surplus, $965,939; earned surplus,
$1,421,785; total, $4,483,638.—V. 157, p. 1187.
The
Mohan, First Vice-President, died on
in
approval
the
for
receivers'
W,
Edward
accounts receivable, $1,035,615; advances to
salesmen, branch plant manager, etc., $3,179; inventories, $875,860;
cash surrender value of life insurance, $23,886; special bank fund for
$702,709;
$1,030,803
profit subject to income and profits taxes
cents
urged a higher value be placed on the stock of the Richmond-Washing¬
ton Co.
He said "there is allocated $667,500 of first mortgage bonds
Hartford,
Balance Sheet as at March 31, 1943
x,
Assets—Cash,
Ry.
1943
revenue
25
instead of being distributed to stockholders.
Deland Andrews, representing the first and consolidated bondholders
committee, recommended appointment of three trustees, one each to rep¬
resent the consolidated committees, the underlying committees and the
committee on receivers' certificates. Under the special master's report
there would be five trustees, one each to represent general mortgage
groups.
Underlying mortgage committee and lease lines, with two to
be appointed by the U. S. District Court, one of whom would represent
The
Other
Quebec Power Co.—Earnings—
3 Mos. Ended March 31-—
28,
Dec.
Ry.—Special Master's Report Gets
interested
groups
expressed
trustee
Common
Gross
and
peak period surplus earnings be channeled into
7,322
$566,175
—
Air Line
for
16
June
$901,139
.
.
(net)
income
Interest
new
appears to confirm the
management's contention that the institution of such a plan would
improve the secondary market for the shares, which in the past have
sold at a price as low as 58% of net asset value.
proximated
1
Oct.
Taylor's draft report, but voiced objections to specific points.
Edwin S. Sunderland, representing the Guaranty Trust Co.
the
*
1,
Approval—Objections Raised on Specific Points
reorganized
$2,486,693
Depreciation
<
for the four months ended
common
Richmond-Washington
4,098,629
.
& admin,
Profit
$2,184,674
$77,789
$110,674
revenue
Total
.
346.952 ! T
-
the
on
1852.
157, p.
the
1943
sales
gen.
Other
$5,185,733
$1,640,669 $10,167,945
236,278
———
declared
1 to holders of record June 16.
A
April 1, last. Payments in 1942 were
July
cents;
35
the
$4,860,793
i
(net)
of
5.—V.
Mr.
Operating profit
Auxiliary Operations:
Total
Total
•
.
261.
p.
of
Reynolds Spring Co.—Earnings—
the
$9,709,966
2,415,902
All other maintenance386,546
Conducting car opers- f 3,589,525
1,
on
of
"
Ritz-Arlington Trust
Sleeping Car Operations:
Total revenues ——'
Maintenance of cars—
made
6,813
completed war facilities amounting to $4,844,422 for
p.
,
Expenses
April 30—
April
156,
share has been
per
payable July
was
it is announced that William F.
June
June
Pullman Co.—Earnings—
7
cents
25
value,
11,332,262
is after amortization
1942.—V. 156,
of
Liabilities—Notes
U Puget Sound Pulp & Timber Co.—Resumes
'•'The
Net
Provision
700,000
charges——
worth
net
594,399
—
339,161
£18,399
8,668
1943
contingencies
for
Reserve
183,165
353,049
8,185
—
and
interest
Unearned
16,028
——
_—_—
.
due
1942
$86,068,181
t—
——
before
Sell.,
due
installment
payable,-bank, secured
Notes payable, bank unsecured
Notes
Total
sales
Profit
.
deb.
year
1944)
1,
Reynolds Metals Co. (& Subs.)—Earnings—
Calendar Years—
Net
Cost
"
•SV March
follows:
as
Counsel
6 Mos. End. March 31—
after de¬
preciation, also patents and deferred charges
of
par
and Dec. 28, five cents
Republic Steel Corp.—To Redeem $1,017,500 Bonds—
The
Number
Comparative Balance Sheet, March 31
,
no
similar distribution
1091.
p.
Net
respectively, after payment of preferred stock dividends..
'
dividend
A
stock,
on
$56,903
$0.36
case
if
contracts
for
—
——i
—
per
-
Dividend—
on
Disbursements
last.
1942
1943
*
•
share on class A and B common
income
♦Net
$7,045,288
Scott Paper Co.—Obituary-
the class A stock, par $1, both payable July 1 to
of record June 15.
Similar payments were made on April 1,
share
per
holders
p.
Earnings
$7,238,027
...
Sangamo Electric Co.—25-Cent
Co.—IVz-Cent Distribution—
Prosperity Co., Inc.—Earnings, Etc.—
;
1943—5 Mos.—1942
$1,541,948
1852.
157, p.
each.—V.
directors have declared a dividend of 7'/z cents per share on
common
stock, par $1, and the usual quarterly dividend of 8%
& Trust Co.,
'
/Loss.—V. 157, p. 2051., i,;
:
1943—Month—1942
$1,405,860
_____——
—V.
of
«-
Period End. May 31
reports'
company
preferred share
Per
Schiff Company—May Sales Off 8.83%—
(The)
.
—
Fer
*$303,965 *$1,038,749 *$1,173,116
14,379
90,443
42,152
revenues--'-"
oper.
and Dec. 24,
each;
cents
market values of assets available for each
Class of its outstanding securities as follows:May 31, '43
April 30,' 43 May 31,'42
Per $100 bond
$237.65
$233.49
$192.61
The
the
inc., non-commun.
Net
Ord.
10
1,
Railway & Light Securities Co.—Asset Value—
lows:
'
Oct.
1 The
1943—3 Mos.—1942
$1,945,802
2,250,030
$1,987,114
2,250,666
—^
1 and
997.
Reed Drug
1943—Month—1942
deducts.-
revenue
p.
of the present
99%
(& Subs.)—Earnings—
Telegraph Inc.
Period End. March 31—
Oper.
owns : over
July
Sales
stock.—V. 157, p. 2257.
Postal
.■
Co.
Public Service
Engineers
common
1,
157,
April
—V.
2353
& FINANCIAL CHRONICLE
THE COMMERCIAL
Number 4187
157
will amount to $20.62 Vz
per
Reduce Debt—
June 17, announced two important steps
corporation's
debt.
In
making
the
an-
2354
THE COMMERCIAL &
nouncement,
Sinclair
Mr.
implied
that
it might
be
wise
in
like
times
1941,
Foreign runs totaled
120,209,000 barrels
against
166,658,000 in 1941.
Our combined world-wide runs of 262,752.000
barrels showed a decrease of a little more than 20%/
'•
'• * <,••-•••
call
Mr.
involves
Sinclair
mortgage
to
the
also
serial
of
payment
announced
notes,
dated
that
Feb.
the
of
$18,000,000
1/1942, will
provide
Since our
available
of
wide
be reduced
15
$8,812,000.
The
the
which
original
which
on
After
r
that
has
these
$50,000,000
debentures
providing
cash
of
amount
will
for
be
in
issue of 3%%
debentures due in
by operation of the sinking fund from
reduced
to
$40,250,000.
earliest
The
fered
tained
redeemable in part is Dec. 1, 1943.
debt reduction mentioned it is estimated
are
the
of
excess
$50,000,000.
addition
in
of Tax Savings
notes and other U. S. Government securities.
Net
quick assets, it is estimated, will be in excess of $95,000,000.
Reserves
for
contingencies
set
in
up
1941
and
1942
$5,000,000.—V.
total
two
by
have
declared
dividend of
extra
addition
were
disbursed
r-V.
>
157,
March
on
31,
last,
in
and
each
quarter
during
1942.
Skelly Oil Co.—To Pay 75-Cent Dividend—
Lexing¬
Involve
Period End. April
Operating
Net
oper.
built
Net
—V.
___
6,289,862
157,
5,329,459
24,485,066
$1,283,014
$5,554,265
$5,039,145
1,043,115
991,378
4,188,340
3,846,417
____
Line,
of
250
miles
increase
Gross
—V.
earnings
6,338,993
_______
1943
$
the
"Big
City,
Line
is
$
$
east
had
no
company
value
par
with
pares
on
stock
common
to
dividend
a
holders
$2 paid on Dec. 21,
last,
of
$1.50
of
record
and $1
May
June
on
25.
1,
This
The
directors
of
have
declared
accumulations
$10,. payable
dividend
a
the
on
$6
of $2.50
cumulative
A
The directors have declared
common
June
25
stock,
22.
cents
common
"par
no
This
payable
with
compares
15
Sept.
on
dividend
a
value,
15, 1942.
stock since 1931.—V.
of
cents
These
157,
10
June
cents
30
paid
the
are
to
Feb.
on
first
share
per
holders
Oil
Co.
(New Jersey)
thousands
of
other
made
the
the
on
been
;,/
toluol
United
the
greatly
Years
of
for
TNT
than
States for
military
all
the
annual
Allied
the
In
would
the
rubber
had
engineering
performance
This
field
of
is
laboratories
petroleum
problems for the Army
completely to Government work.
1942,
all of
the
hitherto
products
technical
By Jan. 1,
invaluable
an
five
and
called
were
Navy,
and
to
to
share.
The parent company's
own-earnings for the year 1942 were $88907,077, equivalent to $3.26 per share, out of which
dividends of $2
share, or $54,557,332 were paid.
In 1941 the parent
company
earned $84,826,764, or $3.11
per share, and paid dividends of $2 50 per
share, or $68,196,665.
;
States declined
was
to
about
established.
a
total
of
industry's
Our
1%
own
252,910
production
of
crude
oil
in
the
per
day.
Our
creased
foreign
production
de¬
39%
to a total of 279,741 barrels
per day.
Thus our com¬
domestic and foreign gross production
showed a loss of 25%.
production abroad was accounted for
mainly by destruction
of properties inl the Netherlands
East Indies and
by curtailment iri
Venezuela and Colombia necessitated
by shortage of tankers
Manufacturing—For the five years from 1937 to
1941, Inclusive the
average of capital additions for
manufacturing
bined
Smaller
foreign,
need
plants,
was
$29,857,000
per
War
annum.
for
domestic'
and
greatly
increased
the
special refining facilities.
In 1942 alone the actual
appro¬
priations totaled $80,656,000. or more than two and a half
times
normal
expenditures.
In addition
the
Government authorized con¬
struction of $68,000,000 worth of
plants for its own account to be
built and operated by our companies.
Notwithstanding these adidtions to meet
particular needs, our refineries ran considerably less crude oil than in the previous year
Throughput of domestic plants was 142,543,000
barrels, against 163,-
;
has
.
foreign
on
2.352,684
105,000,000
in¬
]
.
12,647,834
contingencies
5,162,533
subsidiary
4,882,566
245,858,881
242,915,478
682,089,675
companies
value
682,089,675
held
:
_——.
109,704,782
:
—
110,556,558
532,306,667
*
525,632,864
2,220,178,391 2,202,351,739
for
of comparison.
purposes
Income
Account
for
Calendar
Years
(Company Only)
1S42
Income:
.
.
'
.
Dividends from
investments in subs, consol—
Dividends from
other
investments.
198,505,759
8,635,736
1,467,413-
—
before
Income
deductions———
General and administrative expenses.
Interest
funded and other
on
Losses
loans
on
etc.-—
trust,
from
long-term indebt-
trustee
Taxes, .other than
before
Income,
Provision
securities
(net)_
income taxes.
30,000.000
Z
—
762.843
taxes
3,000.000
2,700.000
1,437,851
1,596,070
88,907.077
84,826.764
$3.11
share^—_
$3.26
of
purposes
Standard Oil
Co.
(Includes
comparison,
of
New
capital stock of Carter Oil Co,
7,708,401
,^6,647,598
r
5,722,621
other
Balance Sheet
at Dec.
as
31
S.
Investment
1,808,214
4,441,802
prof, taxes
excess
minority interests
83,361,920 140,572,419
68,196,665
$3.06
$5.15
share
per
to
State
provision for estimated Federal income and
of the subsidiary public utility natural gas com¬
profits taxes,
for the year 1942
approximately $7,300,000.
dividends
exceeded
,
Sheet,
received
Dec.
'.
Assets-—
"Cash
U.
S.
'';///
:
>_
Special
Treasury tax notes (at
31
Marketable
accept.
accts.
from
Loans
less
receiv.
and
oil
2,741,250
govern¬
Materials
and
Investment
natural
supplies
in
Investment
(at
cost
subsidiary
companies
gas
at
cost or less, and net
(less reserves)—!
Stocks and bonds of
corporations
63,340,659
Post-war
(less
of
profits
192,539,269
192,789,825
117,976,387
*
securities
loan
trustee
from
Marketable
various
Special
securities-
States, banks and others
deposits-—;
plant and equipment.—
cash
fProperty,
Patents,
v
to
19,265,513*
copyrights
and
goodwill
50,645,708
2,522,838
—
—
(less
1,104,036,333 1,040,823,931
Prepaid
taxes,
Miscellaneous
discount
insurance
deferred
and
18,854,688
6.461.185
5.337.4)1
8,698,340
expense
July
1,177,955,725
of comparison.—V,
purposes
157,
p.
1,238,918,202
1854.
9,103,875
2.984,368
Corp.—Accumulated Dividend—
National
on
7%
the
stock,
preferred
f
$100,
par
of record June 25. A similar distribution
on April 1, July 1, Oct. 1 and Dec. 28,
1943 amounted to $19.25 per share.-t
to holders
1
cumulative
April 1, last,
and
'
,
•;
SEC Company's Plan
Defended—Crowley Tells
zation
Seeks to Preserve Value of Stock—
The
recapitalization
proposed
the
common
stock
plan
companv. which elimin¬
nominal participation to the
of the
gives only
and
a
stock, was stronely supported by Leo T.
Crowley. Chairman of the Board and President, when hearings were
resumed June 15 before the Securities and Exchange Commission.
cumulative
of
preferred
Stating that he sympathized with anyone who has lost any part
his propertv or savings, Mr. Crowley said:
"Such losses are .not
result of the p'an;
they are the result of the past beyond my
the
restore.
to
preserve
/
in
Mr.
mv
bv
cross-examination
Utilittes
Crowlev
^plari
•
This plan of recapitalization, and our integration
judgment, recognize fully the values remaining and
them for those entitled thereto."
Under
Public
and
Division,
indicated
that
E.
/
.
counsel
individual
and
going
was
company
filed, and that any changes
suggested by the Commission.
Weekly Output—
Calkin,
M.
lawyers
the
as
for
the
SEC
security holders,
stand by the
to
_that might be made would be
r
-
•
.
:
••••
-
'•
\ •
/
.
v,
/
-
'
and
rentals—
charges
Electric
2,220,178,391 2,202,351,739
output
'Standard Gas
totaled
Total
for
157, p. 1189.
those
1,7,440,113
2,790,822
"
debt
6.817,913
re¬
serves)
■Unamortized
735.107
4,620,430
,
68.721 252
104,833,548
Arrearages as at April 2,
program,
secure
reserve),.
deposited with
68.221.252
139,183,293
-
__
—
made on
power
pledged
(less
682.ORO.675
—
Standard Gas & Electric Co.—Program of Recapitali¬
128,444
Special deposits and funds:
./Marketable
V.
114,582,625
other
taxes—
) 05 000.000
in¬
—
accumulations
$4
30,625,343
excess
170,000.009
105,000,000
foreign
on
The directors have declared a dividend of $1.75 per share on account
ates
reserves)!
refunds
losses
/—_____;——
Standard
f
51,683,612
r'
:-'hceivable
175,000,000
229,156
"Reclassified
i
1
83.778.622
long-term indebtedness-
possible
Total
46,789^712
amounts
and
1,849,554
of
declaration
annuities
687,080.67^
other
surplus
surplus
utility
securities, at cost or less (less reserves).
Long-term notes and deferred accounts re-
488.697
6.165.274
1,547,237
—
under
stock
12,271,524
46,789,712
.
cost)
liabilities
respect to
CaDital
56,254
159,897,961
subsidiary companies in continental Europe, Great Britain and North
Africa,
vestments
was
less)
or
public
(at
16,267 424
345,408
6.568.770
credit
for
payable
in
receivable
and
Deferred
Reserve
1942.
130,274.792
14,533,645
596.651
270,482
of
declaration
under
trustee
with
10,942,982
(at cost)
trustee
from
33,075,746
re¬
cost)——:
2,984.368
286,261
1,177,955,725 1,238,918,202
trust
57,734
(at
203,661
2,790*822
—
expense——
-
accrued
Loans
18,047,908
petroleum products
and
—
from
Other
of
employees..;
and
merchandise
discount
with resoect to annuities.,.——
payable _/——
Reserved for Federal income taxes (est.)—
132,582,043
reserves)
debt
trust
88,701,254
notes
50,645,708
1,975,954
agencies
—!
Accounts
$
1,029,003
and
81,575.975
38,275,000
83,800,343
national
159,621,044
83,942,863
i*eservesU
11941
res.)_
accounts
46,789,712
159,499,367
—
(less
Total
163,393,437
100,339,701
reserves.
(less
46,789,712
utility
Liabilities—
Earned
reserves)——
(less
less
or
Miscellaneous
120,023,748
other
(less
to
Crude
-
cost)
notes
agencies
and
ceivable
Other
&
receiv.
Federal
mental
Claims
(at
securs.
Trade
Trade
Due
g
cost)
deposit
cash
Unamortized
by
131,874,042
22,227,600
._/.
Federal
Capital
1942
.
thefefroni
/
.
Balance
,
cost)—.
;
cost
at
and
Funded
Jersey) in the net profits,
adjustment of
public
(at
Marketable securities deposited with various
26,667,772
54,557,332
^
__—
700,332,711
-
618,240
19,849,637
20,799,359
594,998
733,712,943
Marketable securities pledged to secure loan
from trustee (less reserve)
3,015,030
16,000,000
286,829
bonds of corporations and other
securities,
104,161,279 167,240,191
..
subsidiary
comoanies
receivable
41,643,694
3,500,000
474.719
receivables ____/—_
in
Stocks and
764,176
30,000,000
30,500,000
9.541.200
120,242.016
34,106
subsidiary companies in con¬
tinental Europe, Great Britain and North
Africa, at cost or less, and net amounts
7,000,000
'
65,029,178
subsidiary
in
gas
Investment
<:
taxes
$••*//;
.
9.353,200
<
companies—con¬
at cost, or ]ess_^„___
Investment
natural
accounts
in
solidated,
4,770,418
1,832,526
■
87,021,504
Treasury tax notes (at cost)/——
securities, at cost, less reserves
Notes;'receivable ~./___/_
175,357,449 272,343,188
:___
s
■
'
"1941
1942
U.
/<«//
■-/,;./
.
52,277,943
long-term
deductions
re¬
(Company Only)
Assets—
35,884,150
3,765,290
735,847
dividends
Jersey and Standard Oil Co; of
issued
7,0,863,526
5,758,011
from
for
Louisiana in the amount of $33,835,167 represented by the entire
31.838,376
.—L
taxes
89,122.834
taxes.
income
—
per
'Reclassified
1,198,454
profits
134,663
93,344.928
taxes
for estimated Federal
income
Net
697,500
262,961
—
income
3,723.136
2,252,932
1,282,273
foreign investments
;W_/
Miscellaneous
4,608,547
annuity
5,136,528
and amortization of
on
of
—
for possible losses on
Prov.
"1941
4.981,303
674,025
109,258,810 133,994,886
3,455,274
4,105,730
4,363,547
Interest
Earnings
66,982,381
2,167.676
649,902
(Company «fe Subs.)
5,924,470
the
33,988,855
—
Interest
Miscellaneous
and
97,144.330
Miscellaneous
90,313,114
v
'1941
;
$
'
Foreign government and other income
10,319,547
debt
8,555,722
7,000,000
j—
A.__ ■>
___
of
27,2-52,929
24,856,982
tankers——
of
i2,707,519
30,205,496
SReclassified
160,539,726 230,885,534
panies
United
from that in 1941, when a new
high record
domestic production also
decreased about 1%
barrels
Z,438,149
average
30,962,603
Note—The equity of Standard Oil Co. (New
war.
trans¬
'
'Including cash of foreign subsidiary companies consolidated: 1942,
$47,518,931; 1941, $54,884,039.
tLess
reserves
for
depreciation, de¬
pletion and amortization:
1942, $1,142,984,204;
1941, $1,125,321,287.
<
88,909,554
-r,,,^■ .^rtfrrr'..i.„'■
•,,,/t,
indebtedness-
surplus
Total
half
expenses—
profit
subject
defense type tankers which
built in cooperation with the
to
long-term
possible losses
stock
Earned
"Reclassified for' purposes of comparison,
tIncludes dividends re¬
ceived of $2,141,559 in 1942 and
$1-7,294,666 in 1941 from companies
operating outside the Western Hemisphere.
over
per
Production—The
than
profits taxes
for the period—
Earnings
solve
Earnings—The consolidated net income for the
year 1942 was $83 361,920, equivalent to $3.06 per share of Standard Oil Co.
(N
j')
capital stock outstanding at the close of the
year.
In 1941 it was
per
Capital
1,039,338,781 978,365,491
671,625,362 534,381,321
excess
of
105,000,000
for
Miscellaneous
Loans
Net
dislocated
$5.15
31
national
went
or
an
declarations
annuities./
approximately
administrative
Consolidated
Earnings were reduced.
Normal relationships
among production
portation, manufacturing and distribution facilities were
less
5,703,327
Dividends paid
a
part
in developing
for the
chemical warfare service the ESSO
mechanical smoke generator
a
portable flame thrower, and incendiary bombs.
With its tankers diverted to
Government needs, much of the com¬
pany's facilities for supplying motorists and householders
to
by the public, at book
Capital stock (par $25)
Capital surplus
arising from the conver¬
accounts of
foreign subsidiary
excess*
excess
turned
other
War-time
,
(net)
income
of
improving
upon
were
and
Replacement
month
delivered
was
.
loss
of
Profit
have
the company was
operating, out of 12
Maritime Commission and the
Navy, had been taken over by the Navy
Three of our
manufacturing units have been awarded the
Army-Navy
"E."
The
latest
award
was
for
our
$140,572,419,
1
Foreign govt. & other inc. &
contribution.
devoted
respect
Insurance
v
con¬
9,579,841
funded
on
Federal
and
come.
with
under
Annuities
of the year they
of 170.825
20% of the supply
via rail by the entire industry.
These
which
before deductions
Federal
enabled
the
final
—
Miscellaneous
and
natural
the
for possible losses on foreign investments
Provisions for war-time contingencies
handicapped.
research
In
companies into U. S. dollars
experimentation in the field of synthetic
us
to make available to our
country processes, and
equipment designs, for producing rubber substitutes when
Japanese took the plantations from which 95%
of the nation's
rubber
plant
194,512,825
trustees
Other reserves:,
for overseas duty deprived
began bringing crude and
Starting with total deliveries
deliveries had increased by
operations.
Profit applicable to
supply from
effort
248,072,906
liabilities——
vestments
we
production
Without this
the
to
Prov.
businesses,
previous
of
company
by rail.
first month,
interest
sion
previous experience, the war
purposes.
effectiveness
the
was
3,299,722
Unrealized
—
plant alone, operated by the Humble Oil &
Refining Co.,
more
89,370,575
from
Reserve
steamers
our
,
from
Interest
!
source
it
__w_-———
Income
and
-
entire
new
9,175,837
4,962,918
barrels
■
tank
cars.
Ayri-V
.
Miscellaneous
unknown
one
cut
Interest
company is
was able to do in 1942 toward
winning the war,
produced greatly increased quantities of gasoline for tanks and
trucks, of high octane gasoline for planes; of bunker and Diesel oil for
ships, and of special lubricants of many kinds for hitherto
In
Portland
Non-operating income:
■(•Dividends
!
We
our
19,286,668
20,000,000
record
last,
dividends
year
profits
64,332,611
Funded
connect
indebtedness
American
Besides such activities, in line with
program led us into many new fields.
last
excess
Deferred/credits—
construction
60,000
and
Marketable
Profit
proud, of what is
demands.
at
cars.
day,
and
Retirements
the
4,213,449
*
income
rear¬
pipeline, 1,250 miles long,
producing fields in Texas
completed from Longview, Tex.,
finished this line will supply our
to
Amortization
Annual Report—
R. W. Gallagher, President, states in
part:
General—Like
pipelines
area
the
Depletion
Other
Standard
of
oil,
this
6.579
per
general
Depreciation
1853.
p.
of
year.
into District No.
ac-
on
of
20,
its
24,813
oil
par
stock,
Sparks-Withington Co.—10-Cent Common Dividend—
.
capacity
a
for
It has been
Taxes, other than income &
A
81,388,081
5,940,029
_______
21.629.101
ceived
like amount
was. paid on
as
follows: April 1,
50 cents; July 1, $1; Oct.
1, $1.50; and Dec. 29, $5.75. Arrearages as
at April 1, 1943 amounted to $14.00
per share.—V. 157, p. 998.
21.
,
52.057.100
to the amount of steel available.
Gross operating income
Costs and operating expenses—
157,
share on
per
preferred
July J. to holders of record -June
April 1, last. Payments in 1942 were
and
the
tanker
were
com¬
1942.—V.
liabilities:
trust
24-inch
a
agency
deliveries
of
to
to
of
Selling,
count
railroads,
1942
Southwest Natural Gas Co.—Accumulated Dividend—
-
Old
the
on
645.
p.
entire
to
curtailed
lines
Consolidated Income Account, Years Ended Dec.
share
per
significance
new
Gulf.
with
with
in
Inch,"
assignment
1942,
risen
barrels
Co,—Pays $1.50 Dividend—
May 31 paid
of
running again at full capacity.
The Portlandbuilt to carry 60,000 barrels of crude a day, but
was
coast
brought
Southern Weaving
The
year....
/
:
Loans
now
tanker
the
January,
/,,/,
16,891,460
108,195,736
A///'
Owing to Standard-Vacuum Oil Co.
completely
were
submarines
the
up
I1L
finished products into
of 705 tank cars in
5,028,951 141,127,343 102,623,458
157, p. 2258.
1,229,238
»_'/___
taxes ,<estimated)
near
insufficient
1942
'.
one
Other accrued
the stream of crude oil to the East.
The Ajax Line, in which
a substantial
interest, and which for a number of years has
have
Montreal
—Jan. 1 to June 7—•
1942
■■
when
long,
development
Government
a
point
the
$
our
suf¬
,:.//•;.//■• '////,■.
by
a
we
Southern Ry.—Earnings—
1943
of
has
Plant project.
;
When
—Week End. June 7—
ships
the construction
vitally
a
and
made
were
capacity for much of last
Period—
needs
fleet
so
been partly idle,
1853.
p.
The
Pittsburgh, has been restored once more as a crude oil
carrier and is delivering about 20,000 barrels
daily into the refinery.
As another step for the relief of the east
coast, the Oklahoma Pipe
Line Co. constructed loops and added
pumping station facilities to
$2,892,720 $14,506,879 $11,263,524
1,609,706
8,952,614
6,224,379
$1,389,568
income
and required
authorized
was
outstanding
Norris
to
20,967,640
$3,694,245
2,304,677
revenues.—
income
Co.—Earnings
1943—4 Mos,—1942
$8,250,087 $39,108,126 $32,339,761
27,908
116,191
108,597
26,893
the
met
disclosed.
When it is
Bay way refinery with approximately 40,000 barrels of crude and 28,000
barrels of heating oil per day.
Our own Tuscarora line, which
originally carried crude oil to the
New York harbor, but which was converted a decade before the
present
war to transport gasoline from our refineries in New
Jersey westward
2052.
p.
1943—Month—1942
$10,011,000
___
taxes
operating
157,
& Telegraph
rev.
oper.
expenses
Operating
Net
3flX
revenues
Uncollectible
Pipe
1 ■
struction
to
Co.—V.
within
Reserved
damaged vessels have resumed service.
America
with east coast refineries.
Southern Bell Telephone
Operating
South
lines
were
Bayou
dally.
$20,000,000 Bond Issue—
Lexington Water Power
of these
connections
Defense
a
The
South Carolina Electric & Gas Co.—To Merge
ton Water Power Co.—Refinancing Program to
2,049,602
of
____
payable
Accrued
enlarged Plantation Line it was decided that
the refining centers on the Texas gulf coast should be tied into the
system at Baton Rouge.For this purpose authority was granted to a
group of companies,
including Humble Oil & Refining, to build the
.
See
world¬
To meet demands of the
A dividend of 75 cents per share has been declared on the common
stock, payable July 30 to holders of record June 28. A similar payment
was made on Dec.
14, last, compared with 50 cents on Aug. 31, 1942,
$1 on Dec. 18, 1941, and 50 cents on July 30, 1941.—V. 157, p. 1950,
payable
declarations
obligations and other funded debt
due
satisfactory, and the needs of the territory so great,
that the line's capacity was increased from the original
60,000 barrels;
a
day to 90,000.
In addition, a 30,000-barrel daily extension to
Richmond, Va., is being constructed at the request of the Government
as
>
action
enemy
from
new
months
1092.
p.
of
loans
under
respect to annuities-/.
Accounts
The Plantation Pipe Line, in which
company owns a half interest,
began operation in January of last year.
It carries products 800 miles
from Baton Rouge, La., to Greensboro, N. C.
Results in the initial
*
$1.50
per share in
to the usual quarterly dividend of like amount on the capital
stock, both payable June 30 to holders of record June 10. Like amounts
an
have
instance
one
Underground carriers assumed
part of the United States
ranged,
Singer Manufacturing Co.—Extra Dividend—
be
cannot
than
more
Most
of additional
The directors
In
sections.
movements
1950.
p.
Allies
our
tankers
our
eastern
157,
a.critical problem
created
notes and
trustees
from
Purchase
by submarine action.
Extensive salvage and recon¬
been carried out on a number of vessels which sus¬
have
in
which
to
and
attack.
brokn
new
$11,600,000
to
Acceptances,
trust 'with
.
.
Loans
means -of
losses
severe
ditioning
date
transportation
ocean
extent
full
Government
other
one
been
have
qnly
•
,
supply.
The
corporation
1951,
the
Liabilities—
moving oil for
overseas
requirements.
company has
the largest private
fleet of oil carriers, our ships have taken an extremely important part
in the war.
Normal tanker movements have given way to extraordi¬
nary routings Necessitated by the emergency. - The resultant shortage
ship
preferred
July
on
Transportation—Tankers
//' '■?''3
premium of 3%/
a
Monday, June 21, 1943
in
770,000
X> these and subject of course to future conditions, for corporations to
reduce debt when they had resources sufficient to make this
possible.
/"..;;/ In line with this policy, Mr. Sinclair said that $13,000,000 of the
corporation's 12-year 3%"%
sinking fund debentures, due in 1950,
would be redeemed on Aug. 1, 1943.~ These
debentures, originally con¬
sisting of an issue of $25,000,000, will then be reduced to $9,750,000.
The
FINANCIAL CHRONICLE
of
the
& Electric
184.467.000
kwh.,
public
Co.
as
utility
operating
companies
in
the
system for the week
June 12. 1943,
compared with 160 026,000 kwh. for the
corresponding week last year, an increase of 15.3%
////;'"'/'/,
Volume
157
:
and
street
Subsidiary Companies—
„
Maintenance
<
&
come
profits)
exc.
for
Prov.
\ 2,164,732
.
284,614
income r
'
taxes
1,212,330
pprofits
taxes
1,477,275
,
999,710
4,392,165
iiywjjei-.
oper,
8,903,669
31,702,232
30,41^,095
Other income (less non-
operating
:
deducts,
rev.
Chase
Dr480,743
.Dr660,155
Dr226,083
pr17.5,743
in
Divs.
capital stocks-
on
tributed
sidiary
2,074,720
8,323,834
8,409,135
the
>
inc.-
_—v.-
Expenses
&
'•
and
153,243
613,154
of 100,000
shares of new prior preferred stock of no par value, which, if author¬
ized, would be sold publicly and the proceeds applied to the purchase
of the National Theatre shares from the Chase National Bank.
Drl.38,836
Dr519,812
J9r624,563
3,15$,049
9,542,839
£.660,990
owns
Gas
ard
3,235,439.
.
&
3,935,674
3,761,925
984,369
922,330
Co._
Elec.
income—
net
Earnings of
.
--r^/v'■ r .'r
Company
divs.
from
fiscal
Corp.,
int.-
&
expenses
69,940
20,703
Taxes
(other than inc.)
Prov.
for
Fed.
inc.
tax
Net Tncome
—V.
157,
v
318,442 :
112,494
55,126
33,750
79,665
36,710
14,211
8,250
-
$1,011,048
984,369
$5,018,093
3,761,925
$26,679
$1,256,168
declared
157,
to
1
dividend of $3.50 per share on ac¬
cumulative preferred stock, par
a
7%
the
on
holders of record June 26.
Similar distribu¬
21 and Dec. 31, last year.
These are the
15, 1937, when $7 per shape was disbursed.
Aug.
on
July
since
The
objectives
and
Called—
total
of $24,000 of first mortgage 3%7* bonds, due Feb. 1, 1967, at 105 and
interest.
Payment will be made at the Irving Trust Co., trustee,
One Wall St., New York, N. Y.—V. 155, p. 2374.
There
of
and
taxes
The
of
directors
The
declared
have
dividend of
extra
an
40 cents per share
have
for
called
been
stock,
both
last.
redemption
of Aug.
as
1,
15.—V.
Dec.
and
in
157,
1942
Stanolind Pipeline Co.—To Build
-
It
is
build
announced
other
383-mile,
a
Drumright, Okla.
"
refineries
western
in
March,
1944.—V.
this
151,
p.
1943
a
dividend
A
of
$1
per
share has been declared on
of
holders
to
March
on
ended
months
six
the
as
"Stocks
record
last,
30,
22.
June
and
Dec.
20,
securities—other
Record
1942
for
and
'
The
of the
Company's plants, machinery and inventory to Atlantic Rayon Corp. The
company
effectuated a
capital readjustment in late 1941.
.Holders of the old preferred were given the option of tendering to
the company for $100 cash their shares which carried an accrual
of more than $90 per share, or of exchanging each preferred share
lor three shares of a new $50 par prior preferred and two shares
of new common outstanding after the old common had been split
The
will
stockholders
vote
June
21
the
approving
on
sale
the
Total
p.
spectively.
U.G.I,
guarantees, include the following: guarantee of
by Philadelphia Gas Works Co. of its obligations, under
the City of Philadelphia, for the operation of the
Philadelphia Gas Works; Indemnification with respect to dividends on
preferred stock of Connecticut Gas & Coke Securities Co.; and guarantee of principal and interest on long-term debt of various nonassociated companies.
,
Outstanding
with
together
will
receive
class
of
in
$40
Each
of
share
75
each
Through
Amoskeag
Co..
the
rehabilitation
of
of
of
or
60.8%
the
total.
If
the
and
to
The
board
to
fixed
$8,549
on
per
share on
July
15,
11 fend
June
of
June
holders
of
June
10
declared
a
quarterly dividend
(No.
payable
.to holders of record July 5. Similar payments were made on
and April 15, last, and in each quarter during 1942. On Dec.
year, the company also disbursed a year-end dividend of 20
'V. 157, p. 2258.
25
cents
share
per
on
the
outstanding
capital
stock,
150)
Mr.
and directors of the companies.
Long
John
•
81
Wendt,
tion Manager,
Chief
Engineer,
and
Kenneth
W. Tibbits,
called
for
Produc¬
were
1943, a total
of general mortgage refunding 4% sinking fund gold bonds
.'due Jan. 1, 1953, at 110 and interest. ^Payment will be made at the
.Central Hanover Bank & Trust Co., trustee, 70 Broadway, New York,
:N. Y.—V. 157, p. 2259, >.:.7•■■■ ?>% y ■
"T;
as
of July 1,
Pays
Off Bank Loan—
Inc.—Settlement
With
1935
•
A
<■
•
satisfactory
.
nance
material
has
been
very
satisfactory.
During
March
it
reached
the highest point, ever attained,T Mr. Pepper said.
On May 4, however,
an
explosion occurred in, one of the company's departments
which resulted in a temporary loss of production and the death of 15
...
,
,
;persons,
...
and
related
matters
dated
1943, and as approved by the
Articles
of
Exchange as fol¬
;
:
offices in the Commonwealth of Pennsylvania—
of the charter,, duly executed by the
officers of the company, which articles of
including 23,252,010 shares now out¬
treasury.
:V;
■;
(2) Statement of redemption and cancellation of shares of preferred
stock.
The
aggregate number of shares of capital stock which the
company had authority to issue, before giving effect to the redemption
and cancellation- of shares of preferred stock, was 40,000,000- shares
35,000,000
(no
shares
consisting
par),
dividend
rate
common
stock.
retired and
shares
u
is
or
in
certificates
delivery form and accom¬
Firms should consider
good
not
in
now
■,
■
such
the
form,
.
Ex¬
.
Practice
Committee
of
District No. 13, an¬
United Gas 81
be settled on
be settled prior thereto on one day's written notice.
NASD,
may
is advised
that
the
terms
"United
Gas
Improvement
&
used in effecting over-the-counter transactions,
Improvement - capital stock ex distribution" as
as
&
Gas
by the New York Stock Exchange describe the same security, and
as and if issued"
contracts in this security can be settled
United Gas & Improvement capital stock without due
delivery of
bill
attached.
June
12,
kwh.,
13,781217
•
,
output for the U.G.I, system companies for the week
1943 amounted to 128,995,355 kwh,, an increase of
electric
ended
12.0%
or
the
over
period
same
last
year.—V.
j
157,
2259.
p.
United
Light &
Co.—Court
Power
Takes
Program
Under Advisement—
A
hearing
June
a
16
on
court
held
was
a
order
Federal
in
District Court at Wilmington, Del.,
Exchange Commission for
petition of the Securities and
enforcing the voluntary dissolution plan of the company.
Under
the
dissolution
which
plan,
was
approved
.
!.v
by
'v"'
the
SEC
last
April, United Light & Power will contribute cash and its minor invest,
to
ments
its
subsidiary, United Light & Rys.
It will distribute its re¬
maining assets, consisting of all the outstanding common stock of
United Light & Rys., among the stockholders of United Light & Power
Co., after which it will dissolve.
The- SEC' has set Jhne 25 as the time for hearing on plan whereby
Northern Indiana Public Service Co. would purchase the La Porte, Ind.,
and electric facilities of United Light & Power Co. system.—V.
gas
1367.^
p.
157,
'
^
of
(no
$5
The
canceiled
of
per
..
5,000,000 shares of preferred stock with a
share per annum, and 35,000,000 shares of
of shares of $5 dividend preferred stock
765,216 shares, consisting of all of the issued
company
held
a
on
directors
declared
have
dividend
a
of
50
cents
per
share
on
and the regular quarterly dividend
cumulative and participating preferred
stock, no par value, both payable July 1 to holders of record June 18,
Similar distributions were made on Jan. 2' and April 1, last.—V. 157,
common
of
p.
$1.25
per
stock,
no
par
value,
share
on
the
$3
1191.
United States Fidelity &
The
directors
common
June
and
30.
on
An
Jan.
United
16
June
Guaranty Co—Extra Div.—
declared
extra
an
dividend
of
25
cents
usual quarterly dividend of like amount on the
$2, both payable July 15 to holders of record
extra of 25 cents per share was paid on Jan. 15, last,
share and
stock,
per
on
the
par
1942.—V.
15,
States
&
157,
p.
903.
International
Securities
Corp.—To
Pay $1 Per Share On Account of Accumulations—
The
of
directors
have
accumulations
on
declared
the
$5
a
dividend
cumulative
of
first
$1
per
share on account
stock, no par
preferred
record June 21.
A similar
distribution was made on March 31, last,
During 1942 the following
dividends were paid:
Oct. 27, $1.25; Nov. 28, $2.50, and Dec. 28, $1.25,
—V. 157, p. 1855.
;
\
value,
payable
June
30
to
holders
of
number
was
thereof.
At
The
the
par)
(3)- Statement of reduction of stated capital without change in share
structure.
United Milk Products Co.—50-Cent Dividend—
Dec. 22, 1942, as amended
SEC on March 18. 1943, there
amendment
standing and 2,414 shares in the
Navy-
settlement has been made with the Navy Department
by this company for the period of the Nacy's operation,; Benjamin F.
1 Pepper,.; President, stated, in a letter to stockholders dated June 9.
He said the management has been .concerned primarily with increasing
the production of ordnance material for the armed forces.
"We are pleased to report that on the whole the production of ord¬
,
11 advised the New York Stock
amendment of char¬
ter provided, among other things, for the elimination of the shares of
preferred stock, and for the reclassifying and redesignating the shares
of common stock as share? of capital stock, the aggregate number of
which the company shall have authority to issue an aggregate number
of
Explosives,
June
filed in the proper
(1)
proper
of $100,000
,<' -Triumph
on
\
of
Act
sus¬
"when,
by
the
pursuant to a plan for the divestment of certain securities and
other assets under Section 11 (e) of the Public Utility Holding Company
V7
redemption
The new by-laws also
That
have been appointed Vice-Presidents.—V. 157, p. 823,
been
of
lows:
Terminal RR. Association. of St. Louis—Bonds Called
have
G. I,
retirement of
in
March 16,
There
of U.
Philadelphia were appointed, exchange agents for
new Philadelphia Electric common
shares and
the U. G. L preferred stock.
of
Co.
distribution
cash
Company
H.
directors
was
E.
Drexel
the
Taylorcraft Aviation Corp.—New Vice-Presidents—
Robert
elected
were
the position of Chairman of the Board, which was held by
Zimmermann, who died on May 30, and the President was
established as chief executive officer of the company.
,
abolished
July 15
Jan. 15
31', last
cents.—
amendments
stock
"when, as and if issued" contracts in
capital stock residual certificates shall
"United
used
15, respectively, as the record
preferred and common stocks
by-laws were adopted providing for a reduction in the number
of U. G. I., from eleven to nine.
John A. Frick, President
the Allentown-Bethlehem Gas Co., a subsidiary of U. G. X., and
of
proposed
preferred
effective Sept. 1,
New
of
and
plan
dividend
Judge Paul Leahy took the matter under advisement.
eliminating the common officers
thus
the
$5
Capital Stock Residual Certificates—
on
committee
f and
1942.—
Several other organizational changes were" made.
Horace F. Liversidge, Harold S. Schutt and Charles E. Brinley, who are also directors
of the Philadelphia Electric Co., resigned as directors of U. G. I„ and
Mr. Bodine and Mr. Long resigned as directors of Philadelphia Electric,
Superheater Corp.—To Pay 25-Cent Dividend—
on
nominee
residual certificates"
cents
June 11 resigned as President,
under
bill of another member firm.
Uniform
Improvement
of directors
directors
or
due
a
Ruling
The
by the SEC; on March-18.
common
,
The
firm
nounces:—All
liquidating distribution under the plan gs approved
receive
of
the
Weekly Output—
determination
for
entitled
discharged
be given to the U.G.I. capital stock in customers
unless the certificate Is in the name of the carrying
2,081
a Vice-President, was named to succeed him as an
of the board of directors declared effective the com¬
pany's plan for1 its partial liquidation.
dates
not
are
its
3,300
Co*—New President, Etc.—
Liquidation Declared Effective—
William W. Bodine
common
additional assets which may be
stockholders of U.G.I. Contingent
any
Exchange Rulings—
U.G.I,
immediately transferring
change states.
11,985
including
stock of
the
for fractional
scrip
(or
partial dis¬
a
of
shall
value
panied by
1941
adjourned meeting
of the issue, as well as 2,562 shares
of
the
as
common
against U.G.I.
effectiveness
of
new
share
a
Exchange as capital stock on June 14, 1943*
York Stock Exchange further ruled that after June 15 no col¬
New
and Walter E. Long,
gave the necessary financial backing to J the
Suncook Mills in 1941, now owns 10,208 shares of
preferred,
1939
14,
new
the New York Stock
lateral
value, payable July 15 to holders of record
on April 15, last, compared
Jan. 15, 1943, and on Oct. 15, 1942, and $1
on
a
pended from dealings and the common stock was designated on the list
v;:;;
Plan for Partial
receives
$40
per
share in liquidation, Amoskeag Co. will realize a total of
$542,825 on its Suncook stock, which it carried at the end of last
year at $199,376.
("Boston News Bureau.")
.' '
,
See also Atlanti&JEtayon Corp. above.—V. 157, p. 174.
prior
Stock
the
to
charter
The
which
,the latter's common, or 27.7 %
York
Subject
par
Jan.
of
shares
receive
share of the
rata amount of
pro
will
U.G.I,
a
one-twelfth of
of New Jersey
Corp.
plan and will continue
to
distribution was made
from
2055.
p.
of. 50
and
Co.
Public; Service
a
of
one-third of
distributed under the plan to common
and other liabilities of U.G.I,
to creditors
the
United Gas Improvement
the sale of physical
liquidation (assuming
•
cents
157,
no
each
quarter
V.
assets to Atlantic Rayon and the
subsequent
stockholders' approval is forthcom; lng),
prior preferred will receive $52.50 and the common an esti.mated $35 to $50 per share.
Holders who exchanged their old
preferred will receive a total of $237.50 per share in liquidation, and
holders of old common will receive the equivalent of $160 per share
on old stock,
assuming $40 per share is realized in liquidation.
'
-
stock,
similar
A
with
four-for-one.
-
of
stock
common
Electric
June 22, 1943, or
dividend
3
margin accounts
2,081
a
thereof,
member
$10,259
declared
discharge
preference common stock of Philadelphia Electric
new $1 dividend preference common stock of
Said
cash.
shares), and
with
1943.
3,300
—
and
liquidation
dividend
$1
and
Philadelphia Electric Co. will be entitled to cumulative dividends of
$1 per share annually in preference to the new common stock of that
company and will be convertible at the option of the holder into one
share of the new common stock of Philadelphia Electric Co. during the
first 3
years
and thereafter at decreasing rates provided that the
conversion privilege shall expire at the end of 12 years.
by
10,731
^
founder the plan each share of $5 dividend preferred stock of U.G.I,
A
$26,371
have
directors
24.
$56,910,160
Public Ser¬
currently under discussion, the combination of the latter with
Delaware Power & Light Co., and distribution to U. G. I. common stock¬
holders, would reduce these figures by $16,528,460 and $17,197,369, re¬
"Exchange of Erie County Electric Co. for Eastern Shore
$25,915
—
operations
1094.
on
common
June
17,818,194
2,014,329
companies-™.—
vice Co.,
1941
insurance—
life
on
157,
54,043,465
6,204,441
$110,971,402
holding
cipally
United Fruit Co.—50-Cent Distribution—
Sale—
$49,468,333 $36,641,402
1,255,163
436,235
subs.—
(prin¬
Bonds, receivables, equipment, etc.—
The
Suncook Mills—To Vote On
statutory
Investments in stocks of other companies
New
represented
1930,
U
expenses
Surplus
or
Nov. 30. '42
Advances—Subsidiary Companies—
•
—V.
Estimated
Market Val.
majority owned
with
compared
as
Annandale Apartments),
New
interest
Premium
of
consideration:-
further
remain* for
Investment
the common
on
1942
receipts
Mortgage
the common stock,
July 12 to holders of record July 2. : This compares with
$2.50 per share paid on Dec. 21,
1942, $2 on Dec. 20, 1941, and $1
on July 22,
1941.—V. 157, p. 735.
'
"
•
\
\
payable
and
assets
Book ■'
1942 and 1941.—V. 157, p. 1034.
Calendar Years—
(S.) Stroock & Co., Inc.—$1 Distribution—
|
made
Operation
Total
other
conformity with the Holding Company Act.
Philadelphia
simple interest thereon at 6'/2% from Dec. 20, 1930, to June 20,
interest-payment per $1,000 bond will be $58.91.
2363.
of
disposition
ultimate
the
Investment
Total
Operating
.
29
June
was
the
known
(generally
New Line—
and
Sept. 30, '42
3, will be paid on June 20, 1943, on the Annandale Court
Apartments (M. & T. Hanson) 672 7*
bond issue, originally $135,000
company
pre¬
expenses.
assets,
necessary in
There will
No.
coupon
will start in early October to
16-inch, $7,000,000 pipeline from Sundown, Tex., to
The line, it was stated, is expected to provide middle
with 54,000 barrels of crude oil a day, beginning
that
for
Interest
'■
1189.
p.
to
obligations such as security and performance guarantees and rearrange¬
ment of certain of the remaining properties, as may be desirable or
United Bond Co., Ltd.—Interest Payment, Etc.—
dividends of 40 cents each paid last
paid extras of 40 cents each on May 15
quarterly
four
to
the company
payable
distribution
declared
share has been
per
$1 per share in each quarter during
vv'-:v'
addition
In
year,
cents
75
$5,
par
similar
regular
a
of
dividend
stock,
quarterly dividend of 60 cents per share on the com¬
payable Sept. 15 to holders of record Sept.
1. Quar¬
terly payments of'60 cents each were made on March 15 and June 15,
and
mon
the
investments
major
plan provides for the present distribution of at least two-thirds
U.G.I,
stock
A
its
U.G.I,
shares
cash resulting primarily from recent sales
of certain securities formerly owned by U.G.I., and from time to time
thereafter such othef- assets as may be deemed advisable.
The plan
has the
further
advantage of affording a substantial reduction in
Union Twist Drill Co.—75-Cent Distribution—
-Extra Dividend of 40 Cents—
the
presently distribute
to
are
stockholders
of
the Plan
$30,600,000
tribution of capital,
& Acid Works, Inc.—
Phosphate
Standard Wholesale
plan
the
common
approximately
Co.
2054.
p.
Union Terminal Co., Dallas, Tex.—Bonds
$1,100,618
^
made
were
dividends
—V.
$5,036,292
3,935,674
$146,628
tions
first
2258.
p.
Rapid Transit Co.—Accumulated Dividend
July
payable
$100,
360,042
170,824
85,447
8,250
.
$1,068,958
922,330
deductions
Income
•
9,775
9,000
income
Gross
,'
1943,
the performance
company.—V. 157, p. 2054.
accumulations
of
June 11,
on
distribution
receive
to
'
Purpose and Summary of
are
have
directors
The
count
admin.
&
——
through subsidiaries a chain of 590 thea¬
the Pacific Coast, in the Rocky Mountain
shares,and
Twin City
.a
'
Legal service
plan.
;
ferred
entitled
stock
common
the
creation
or
on
April 19, 1943, and declared effective
on
agreements
$5,660,855
$5,537,905
$1,149,884
$1,178,376
there
present
.
.
Inc.
primarily
stock In the Film
1943—12 Mos.—1942
1943—3 Mos.—1942
Period End. March 31—
the
3,100,000 authorized and 1,742,000 outstanding
1,500,000 authorized and 908,681 outstanding
shares of preferred stock of Twentieth Century-Fox Film Corp.
'7
On April 1, 1943, the Chase Bank announced the sale of its holdings
of 105,000 shares of Twentieth Century-Fox Film common shares to
a
group of investment trusts and individual investors, represented by
Lehman Brothers and associates.
It retained its holdings of preferred
2,313,109
2*,170,680
5,780,914
*3,725,316
*
Includes approximately $120,000 of undistributed earnings of Phila¬
delphia Co., which amount is required to be retained in surplus by
that'company pursuant to order of the SEC.'' " • •
Consol.
-
stated
the Middle West.
and in
common
'■
of Stand-
authorizing
charter
operates directly
or
located
tres,
area
At
Consol.' net; income:.
Income chgs.
company's
The National
..
£7109,418
the
to
Spyros P. Skouras is President of Twentieth Century-Fox Film Corp. ;
Theatres Corp., of which Charles D. Skouras is President,
746,718
of
taxes
involve
of
expense
ment
7,538,835
9,449,497
3,140,642
153,425
Elec. Co._
Co.
and
Theatres
registration of certain preferred shares of Twentieth
The option will expire on Nov. 30, 1943.
The stockholders will be asked also to approve a proposed amend¬
•
Standard Gas & Elec.
.
National
of
Century-Fox Film Corp. owns the remaining 42 7*.
addition to the cash indicated, the purchase price would
In
275,498
19,921
416,666
171,932
22,132
3,191,432
companies.
shares
the
of*
Century-Fox Film Corp.
,
161,694
net
for $13,000,000.
Corp.
587*
owns
called for July 6 to
to purchase from the
of New York the controlling interest
City
Twentieth
Other income of Stand¬
ard Gas
Bank
the
Theatres
29,932,352
13,688,963
Bal. of income of sub-
v
The
been
the' exercise of an option
31,042,077
12,852,080
income-
Undistributed
the National
has
stockholders
of
upon
Bank oi
8,677,586
3,268,160
in undis-*
net
act
2,074,740
deductions
Minority' int.
meeting
and
National
3,466,510
8,894,376
income
Gross
Income
special
consider
w
>
•
Corp.—To Vote 911 Puf-
of Preferred Stock—
A
Net
.
U.G.I,
under
chase of Control of National Chain—To Create New Issue
2,384,408
in
by the board of directors, and the close of business June 15, 1943, was
fixed as the record date for the determination of the holders of the
1094.
Twentieth Century-Fox Film
9,070,119
_i__
reduction
'
for Federal excess
Prov.
aforementioned
plan for the divestment of certain securities and related mat¬
aforementioned, was approved at a special meeting of the
,
•
the
to
as
stockholders
1,018,291
7,362,282
ters,
paid
been
July 31."—V. 157, p.
year,
.
„
7,734^,003 )
309,185
1,934,159
taxes___
Fed',
.
8,544,231
The
the
at
effect
giving
,
approximately
has
after
reduction.
such
Co.
company).
The
to said common
stated
capital, is $48,402,453, and no amount of paid-in surplus results from
interest in the
Peoples-Pittsburgh Trust Co., Pittsburgh, Pa., which
$1,655,000 at the time the present board was
off and arrangements made for the extension
of further credit to the company if it is required;:'').':'. v.■$;
The letter said "the directors feel they will not be in position to take
action on dividend matters until after the close of the present fiscal
The loan
totaled
12,225,630
8,306,278
1,970,211
-for
Ordnance
stock
stock of Milford has been canceled,
Triumph company is now the owner of an 80%
Milford
-J./''
for-
&
income
eign
Prov.
2,193,093
State
12,946,683
3,266,971
3,432,819
than
the
Certain
Milford Ordnance Co,
so
•-
elected,
res.
in-
deplet.
(other
••'
.
de-
retire.,
&
prec,
■
Taxes
1,456,926
.
—
for
Approp,
■
to
$
$
.
28,262,463 108,493,045 101,741,364
9,274,500 36,289,034
33,940,848
1,409,537
5,910,320 ' 5,852,579
29,978,713
10,093,656
revenues
Operation
''V
•
(not including 70 shares held by the
capital of the company applicable
stock
of
amount
The-Sussex
£)
shares
preferred
received
had
At the time of said
outstanding capital stock of the company consisted of
of common stock and 765,146 shares of $5 dividend
the
23,252,010
partnership known as Sussex Ordnance Co., two companies that
substantial sub-contracts from Triumph Explosives,: Inc.
Ordnance Co. has been dissolved and its plant transferred
the
and
$204,130,034 applicable to said common stock.
meeting,
the
1943—12 MoS.—1942
■■:>;■ $
of
Agreements have been reached with various persons connected with
former management holding interests in the Milford Ordnance Co.
.
Rys.
1943—3 Mos.—1942
Operating
t
Co., in reorganization, and subsidiaries,
railway subsidiaries of Philadelphia Co.);. ,
Pittsburgh
other
March 81
for Quarter Ended
Earnings
(Exclusive'of
2355
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4187
•
meeting
April
without change' in share
of the holders- of the common stock of the
1943, action was taken upon a reduction
19,
structure of $155,727,581 in its stated capital
Universal
Pictures, Inc.
(&
25 Weeks Ended—
Net
Net
profit before Federal taxes—
profit after Fed. income and
Subs.)—Earnings—
May 1, '43
May 2, '42
May 3, '41
$5,110,942
$3,741,634
$1,759,334
;
2356
THE COMMERCIAL & FINANCIAL CHRONICLE
Because
for the
of
the
imminence
of
stockholders'
the
25,
meeting on June
the
Corp., the directors on June 10 decided to defer action on the
$2 quarterly dividend on the 8% preferred stock which would ordinarily
be
payable
accrued
July
on
dividend
1.
In
the
event
of
stock
this
on
would
be
Distributions
8%
of
the
merger
included
in
the
redemption
'*•
of
preferred
$2
share
per
stock
since
payments since Oct.
have
and
incl.
1932.—V.
1,
the
approval
made
been
July,
1941,
'/
the
Class
such
chased
1"
each quarter on the
which were the first
tions
157, p. 2158.
shares
of the
corporation
Upson-Walton Co.—-Delisting Authorized—
for
Class
A
14
June
on
company
authorized
was
by
the
directors
The
the
on
stock,
common
idend
of
30
declared
June 11
on
cents
no
share
per
July 2, 20 cents;
$10,
par
both
and
disclosure"
"without
stock
to
said
Commission
The
to
attention
call
of
violation
to
including the
transaction,
the
that
view
its
X-10B-5
Rule
that
Securities
the
of
disclosed
Exchange Act
activities
the
were
of
from
of
assets
in
1934,
to
was
their shares
desire
business
Salta
to
the
tions
and
the
those
with
of
to
as
propriety of the
to
purchase
the
seeking
of
securities
brought
to,
to
tion.
methods employed
gain
control of
securities from,
members
the
of
such
distinguished
as
public.
We
in
view that the activities disclosed
that
addresses of
its
of
from
whom
these
shares
were
pur¬
On
and
Nov.
9,
1942,
Salta
On Nov.
of
the
directors of
the
the
set
closing date
of
the
Truck
to approve the
corporation
held
23, 1942 and the plan of liquidation
American as a majority stockholder, and by
Great
595
Nov.
on
Class
A
shares of
Class A stock
None of
for
Salta
at
whom
these
shares
were
1,
1942,
La
France
date
same
all
and
the
Grossman
assets,
subject
their
received
liabilities,
the
to
$900,000
of the
Class A
stock
remaining in the hands of the public.
In Jan., 1943,
arrangements were made to pay these shareholders $28.03 per share,
the book value of their shares on Dec. 1, 1942.
Although these stock¬
17,202
shares
not
80%
of
were
advised that Great American had become the majority
stockholder of the Truck corporation and was to take over its assets
a
going business, they were not advised either when solicited for
proxies to approve the liquidation or at any other time that La France
and
Grossman
be paid $45.86
to
were
corporation
from
B
stock,
all
of
the
in the
U.
S.
also
which
Since
Means
and
instrumentalities of
interstate
used in effecting the foregoing.
were
securities
outstanding. La France and Grossman
voting power of the Truck corporation.
improvement in the operating condition of the
occurred
in
1942,
Government.
The
because
of
commerce,
improvement
graphically
appears
8Mo.End.
income
Federal
and
income
excess
Stockholders
31. 1941;
increase
$159,845
,—*
384,976
share—______
profits
were
$2.73
and
excess
taxes.
informed
profits
fOn
the
of
1942,
William
figures
Harder,
taxes,
securities
who
tAfter
then
for
they were not advised during the year
in earnings that was
taking place.
August,
$15.75
the
Federal
ended
had
known
La
France
for
stock.
Truck
corporation
months
ended
the
ended
On
for
July
balance
Aug. 31,
the
31,
1942.
Later
and
On
9,
date, Grossman
earnings
Dec.
31,
gave
statements
1941
and
for
rep¬
of
the
the
seven
Salta's
earnings
Oct.
same
and
ended
year
1942.
sheet
the
sheets
representatives were also
statement for the eight months
1942,
the parties
reached
a
tentative
understanding that La France and Grossman would sell their stock
holdings to Salta for $900,0C0, approximately $45
per share, and that
the Truck
corporation would be liquidated, its business to be
trans¬
ferred to Salta and the
minority stockholders to receive cash.
On the
same day, the
attorney for Salta was instructed to draft an
agreement
of
purchase and,
standing
was
Oct. 19,
on
1942,
formally executed.
an
agreement embodying this under¬
that
would sell and Salta would
It
provided
(1) La France and Grossman
shares of Class A stock and
17,202 shares of Class B stock
-—$45.86 per share.
9n the closin<? date, which was to be not later
rv title to the 19-626 shares was to be transferred to
certificates
,
to
buy 2,424
for $900 000
than
Nov.
were
19,626
shares
covered
plan of liquidation
the
Truck
by
was
agreement in favor of such
plan.
The
be effected
by transferring all of the assets
subject to its liabilities, to Salta as a going
to
corporation,
The
transfer
of
the
assets
of
the
Truck
corporation
to
cash
cost,
Salta
would
loss or damage
stockholders
the
of
the
La
France
and
arising from any
Truck
corporation
(7)
for his services
hostilities
$20,000
by the
$60,000
United
per
States
in
harmless
from
any
and all claims by any minority
in any manner arising out of
year
the
until
for
the
present
seven
official
war
and
years
1942
1942, the
same
day the negotiations with Salta
com¬
Subs.)—Earnings—
1943—12 Mos.—1942
$270,119
$691,603
$0.51
$0.14
$1.36
Nil
011
value,
the
holders
May
have
declared
accumulations
par
$2
of
prior
record
1, last.
$4
preference
July 20.
of
50
cumulative
cents
stock,
$20,
par
amounts
both
cents
payable
stock
on
preference
disbursed
were
the $4 preference
on
share
per
convertible
quarterly dividend of 50
Like
Arrearages
/
dividend
a
the
on
the usual
and
per
Aug.
1
Feb.
on
amounted
1
to
of May 1, 1943.—V. 157, p. 1368.
as
Willcox & Gibbs Sewing Machine
The
of
directors
share)
record
have
the
on
June
declared
capital
22.
and $1 on July
6,
This
$50,
par
payable
with
compares
1942.—V.
Co.—Special Div.—
special dividend No.
a
stock,
$1.50
142
June
paid
of
2%
25 to
Dec.
on
($1
holders
16,
last,
15£? p. 2376.
Wisconsin Investment Co.—7-Cent Dividend—
The
directors
the
on
June
five
$1
10.
the
of
24,
the cost
shares
1942
to
the
purchased
the
or
cents
are
as
shares
liquidation
making
of
such
with
to
respect
shares
Messrs.
Truck
the
La
France
corporation
shares
stock
and
of
between
menced
the
then
^nd
distribution
a
the
in
in
hands
the
(c)
purchased
liquidation to the holders
the public on the date
La
France
and
Great
American
to
30,
last,
and
1
1568.
p.
per share
of record
holders
Dec.
on
Railway—Suspended
first mortgage 4 Va%
gold bonds, due Jan. 1, 1943/ have been
from dealings on the New York Stock Exchange because
Inadequate distribution.
Worthington
Pump
dorp.—Again
Machinery
&
Re¬
duces Dividend Arrearages—
The directors
7%
have
declared
dividend
a
of
$17.50
cumul. class A preferred stock, par
$100, and one
6% cumul. class B preferred
stock, par $100,
per share on the
of $15 per share
the
on
of
accumulations, payable July
tributions
share
of
$14
share
per
the class B
on
1
holders-of
to
the
on
class
preferred stocks
A
made
were
both
record
and
Jan.
on
account
on
June
preferred
26.
of
15
Dis¬
$12
and
per
April
1, last.
The above payments will reduce
arrearages as of March 31, 1943 to
share on the 7% class A preferred and to $28.50 per share
$33.25 per
the 6%
..on
class B preferred stock.—V. 157,
p. 1952.
York Corrugating Co.—Stock
Co. and
associates made
Offered—Floyd D. Cerf
public offering June 15 at
a
$6.50
per
The sale of the stock is for
share of 50,000 shares of
Company
1902.
is
stock
common
(par
estate.
an
leading manufacturer of metal products established
of the company's manufacturing facilities are nowproduction although the items being produced are sub¬
a
About 95%
devoted to
war
same
cab
manufactured
as
customers.
same
doors,
Some of the
fenders
for
Its
several
in
trucks,
field
machine
building
and
ovens
times manufactures
thousand
and
time
peace
for practically
items being manufactured
army
and
carriages
gun
variety of metal prod¬
conditioning industries.
General Motors,
Mack
a
air
customers,
engine
tracks for
for
are
gun
are
Truck, and York Ice Machinery Co.
Company's capitalization
stock of which
mon
be¬
paid
Sept. 24* 1942,"
in
After
Federal
income
$197,121.
On
against
amounted
to
and
Dec.
of 300,000 shares of com¬
outstanding. The common stock
solely
are
excess
profits taxes of $495,361, net profits
last, current assets stood at $1,597,536, as
31
liabilities
current
of
$667,678.
Cash
and
$733,567,
which was more than
See also V. 157, p. 2160.
for taxes.
reserves
consists
190,906 shares
the
past three years at the rate of 60c annually.
sales for the year ended Dec. 31, 1942 were $3,510,858.
Company's net
bonds
government
all
liabilities
including
Dividend—
of
com¬
dividends
were
of
the number of shares of
at the time negotiations
and
Grossman
cents
seven
1
paid
The
Among
amount paid by the
of
dividing
157,
of
July
cents
suspended
of
The company in normal
for
the
automotive,
I
this total by
corporation outstanding
Truck
Messrs.
on
as
outstanding
and
Grossman,
payable
six
1942.—V.
ucts
outstanding in the hands of the public
the Truck corporation: La France and
payment
with
July 1,
on
dividend
a
stock,
compares
Worcester & Connecticut Eastern
From Dealings—
such
paid
Such payments amount to $164,815. Great
payment with respect to shares purchased after
well
as
of
declared
common
trucks, ammunition boxes,
Army and Navy ordnance.
Truck
from
amounts
have
par
This
armored
figure
The directors have declared
a dividend of 30 cents per share on the
stock; par $1, payable July 10 to holders of record June 30,
were
disbursed on July 1 and Dec.
10, last.—V. 157,
common
Like
p.
amounts
2160.
The Necessity for Full Disclosure
be
can
question that the failure of La France, Grossman
improved financial and operating conditions
of the Truck
corporation, the negotiations and deal arranged between
them, and the identity of the purchasers of the outstanding shares,
placed the stockholders at a distinct disadvantage in dealing with
and
Salta'to
no
disclose-the
them.
Opinion
is our opinion that
cumstances
set
of
facts
material
forth
under the cir¬
appropriate disclosure
the purchase of the securities
herein
constituted
unaccompanied
a
of
violation
by
Rule
the standards set forth in the Rule
the transactions disclosed in the instant
X-10B-5.
We
Warner Bros. Pictures, Incr—Seeks
The directors
negotiate
would have prevented
on
June
$20,000,000 Loan—-
;vili be placed privately.,
v
,
The loan, it is said,
-
purpose of
retiring all outstanding 6% debentures, the payment of ex¬
isting bank loans and the redemption of all outstanding preferred
stock, in the amounts of $10,139,500, $4,000,000 and $5,670,885, respec¬
Thereafter sole voting rights would be vested in 3,701,090 shares
common
stock.—V. 157, p. 1856.
general
The
John
Washington Properties, Inc.—Interest Payment—
the
common
June
16
stock, payable
with
and
declared
25
Dec.
cents
29,
a
July
per
dividend
15 to
share
1942.—V.
decision
which
held
court
the
stockholders
corporation
laws
by
Under
dends
by
York
Third
the
rejected
an
consolidation
of
York
of
laws
R.
a
Delaware
the
is
and
Ice
U.
its
Corp.,
S.
Circuit
appeal by an objecting:
fair to both preferred
constitutional
where
Ice
the
both
under
companies
shares
through
of
one
Thomas
Moore, holder
objected to the plan
ferred,
ferred
of
sought
their
to
vested
prevent
accumulated
i
than
more
56,371
basis
of
-
plan
extinguished
on
elimination
merger.
merger
York
on
be
allows
such
the
dividends
the
were
of
the
of
on
property
7%
for
50
15
of
the
shares
shares
divi¬
accumulated
in
cumulative
surrender
share
preferred
<
,
$4,500,000
of
preferred
shares
York
divi¬
stock
and
the
common.
of
York
Machinery pre¬
ground that it deprived the pre¬
rights in the unpaid dividends.
He
the
stockholders'
a
vote on
the merger
at a special
1941s
He failed in a court action and
both preferred and common who voted
75% in its favor.
He appealed to the Circuit
Court, contending that
the merger was nothing more than a reclassification of York
Ice's;
the
set
plan
for
was
March
approved
28,
by
.
stock under section 26 of the General
Corporations Laws of New Jersey,
and
cited a State Supreme
Court decision that stockholders retain
their rights to unpaid dividends in a reclassification
be
Went worth Mfg. Co.—12 V2-Cent Dividend—
have
with
Corp.
approved
proceeding.
The directors' hiave declared interest for the six months' fiscal period
April 30, 1943, at the rate of 6'/2% on the $8,803,000 principal
amount of general mortgage income bonds outstanding.
Checks will
be
mailed
Aug. 1 to bondholders of record of business July 19.—
V. 157, p. 352.
directors
Machinery
was
important feature of the court's decision, written by Judge
Biggs, Jr., is the ruling that Section 59 of the Delaware cor¬
dends
of
ended
The
Ice
Philadelphia June 16.
organized.
Judge
r
the
common
meeting
1
Proceeds from the loan will be used along with treasury cash for the
York
subsidiary,
unanimous
a
and
will
the officers of the company to
16 authorized
long-term loan of about $20,000,000.
a
owned
stockholder,
believe
investigation.-^., 131, p/1114/.
of
merger
poration
adherence to
tively.
The
wholly
Court Of Appeals at
In
therefore, there was a clear necessity, in order not to
advantage of shareholders, for the issuer and those in con¬
trol to make timely disclosure of the identity of the purchaser, of im¬
proved financial and operating condition of the issuer, and of the full
terms of the transfer to Salta of the Truck corporation's business and
of its liquidation.
case,
unfair
It
York Ice Machinery Corp.—Merger With York Corp..
Approved by Court—
.
this
In
take
compares
24,
share
to
hoods,
$35.98 per share was arrived at "by totaling (a) the
by the Truck corporation and Great American Industries,
Inc., for the shares of stock purchased on and after Sept. 24, 1942,
(b) the amount paid by Great American for the shares purchased from
and
cessation
thereafter
per year.
Sept.
share and
per
Sept.
to Salta.
Grossman
each
On
Grossman
of La France and Grossman's stock
Salta would hire La France and
sale
pay
of
save
$35.98
American
after
Sept. 24, 1942 and Oct. 19, 1942.
The
of
personal liability.
Great
making
time
Salta
and the payment of the
$900,000 to La France and Grossman were both
to take place
simultaneously within 15 days of the closing date.
(5) If Salta defaulted in the
payment of the $900,000, the shares
-were to revert to La France
and Grossman, and Salta was
to have no
(6)
no
stantially the
amounts paid
the
business, except that the Truck corporation "shall retain
sufficient
to cover pro rata the shares of
minority stockholders."
(4)
19,
the
tween
Salta, but the
be held in escrow
pending payment of the $900,000
Immediately following the closing, the board of directors of the
Truck corporation was to
adopt a plan of liquidation and to call a
meeting of its stockholders to ratify such
plan.
Salta was to vote the
between
and
on
is
Grossman
18
(3)
of
Oct.
There
1942, Harder brought to the attention of Stanlev A.
Odium, Vice-President of Salta, the possible
purchase by Salta of con¬
the Truck corporation.
of Salta balance
and
liquidation;
_On Sept. 24,
resentatives
of
stock,
the
.
difference
American
Dec.
suggested to La France that La France and Grossman sell
their interests in the Truck
corporation.
At Harder's suggestion. La
France and Grossman on
Aug. 7, 1942 gave him a 30-day authoriza¬
tion, subsequently extended orally, to
negotiate the sale of their con¬
trol of
directors
account
in
stockholders in liquidation.
1942 of the phenomenal
years,
trolling block of
the
.
.
stockholders
outstanding.
year
sh.
common
.
this investigation, La Prance, Gross¬
and
corporation
11 Mo.End.
Aug. 31/42 Nov. 30,'42
$1,300,730
$1,764,449
,
per
*Before
given
of
at
_
income
many
received
77.590
♦Net income
per
The
and the mails
Great American having, as they
said, "considered various
brought to their attention by the Securities and Exchange Com¬
(and) acting entirely without prejudice or any admission
liability," arranged for payments to be made to public stockholders
of
following table:
^Earnings
In
orders
war
Commission instituted
After the
man
in
equal
corporation did
Truck
Dec. 31,'41
■
outstanding
owned
was
the
-YearEnd.
tNew
had
(&
$1).
share for their holdings.
per
'
the
marked
very
Truck
other
any
held
A
class
by La France and Grossman.
have
thus
of
corporation
common
last.
50-Cent Preferred Dividend
as
faces
shares
Earns,
holders
mission
Truck
the
holders of record
to
1,
$232,255
going business to Great Ameri¬
a
except for sufficient cash to pay the book value of the 1,287 shares
can,
of
prices ranging from $23.50 to
the stockholders from
advised of any of the matters previously withheld from
except the announced liquidation.
the
on
owned
The
1
April
White Sewing Machine Corp.
publicly held stock, there being
was
Dec.
glass A stock, of which 3,329 shares were owned in equal
by A. Ward La France, President, and Joseph G. Grossman,
Treasurer, of the Truck corporation.
The remaining 7,171 shares were
public.
Exchange
company's
155, p. 74a
of $337,700 in mortgages.—V.
Period Ended March 31—
1943—3 Mos.—1942
•Net profit aft. charges
and taxes
—$4,014
per
1942, La France and Grossman
12,
Truck corporation were transferred as
of
the
on
$49 per share
the contract,
by
of
per share.
purchased
amounts
by
after payment
payable July
made
and
on
was
shareholders
that$rule.
The
interested
parties expedited the proceedings by submitting
through their counsel written statements to which were attached cer¬
pertinent exhibits concerning the transactions in question.
From
these the following
may be summarized:
On Sept.
24, 1942, the Truck corporation had outstanding 10,500
;
„
and
on
stockholders.
mailing to shareholders on Nov. 12, 1942 of the announce¬
the plan of liquidation, Hefferon
purchased an additional 307
of
shares
The Facts
shares
holders
$27
sale
tain
Securities
June 25.
A similar payment
Distributions during 1942 were as followsApril 1 and July 1, $1 each; Oct. 1, 75 cents; and Dec.
28, a regular
of 75 cents and an extra of $1.—-V.
157, p. 2159,
dissenting votes.
ment
therefore
in violation of
were
them
After the
\
publish our findings and conclusions with respect to the instant
investigation to call attention to Rule X-10B-5 adopted under section
10 (b)
of the Securities Exchange Act of 1934 and to call attention
our
and
names
stockholders
12, 1942.
board
approved
the
to
to
the
ques¬
the
from
and
Nov.
as
meeting
was
no
insiders
connection
decided
have
advised
improvement in the financial condition arid earnings of
since Dec. 31, 1941.
Pursuant to
ers'
by issuers,
companies,
and
they also transferred their stock in the
Truck corporation into the name of Great American
Industries, Inc.,
to which Salta had changed its name on Nov. 12, 1942.
me sucKh ua-
which
raising
attention,
our
signed, Grossman
was
plan of liquidation provided for in the contract and sent an announce¬
ment together with proxies to stockholders of the Truck
corporation
informing them of the directors' action and that a stockholders' meet¬
ing would be held on Nov. 23, 1942 to pass upon the plan of linuida-
.
been
day the contract
same
/
contract,
caused
to
have
of
advised
the
of
contract
were
situations
these
and Grossman
of the amount to be paid on liquidation (approximately $25), or
(d)
acquire the controlling and publicly held shares of the
Truck
corporation appears to have been largely attributable to the
improvement in business conditions resulting from < the war and the
advantage to be gained under the present excess profit tax law by
.combining
a
company
with small
invested
capital and
high war
earnings with a company having a large invested capital.
Several
of
;
Meanwhile, on Nov. 5, 1942, as the result of an amendment to the
agreement, Salta became bound to proceed with the consummation of
those formerly in control of the Truck corporation ap¬
$45 per share for their stock; and (d)
the fact that
being purchased by the Truck corporation and Salta.
pay
proximately
The
going
a
as
the
:
purchasing Class A stock for the Truck corporation
the
with
the Truck corporation
per
corporation
of
filed
> Wheeling & Lake Erie R.y.—75-Cent Dividend—
A dividend of 75 cents per share his been
declared
stock,
the agreement of Oct. 19, 1942 which provided, under the
previously described, for the purchase of La France and Gross¬
stock at $45.86 per share and for the liquidation of the Truck
(c)
the
Truck
the ultimate pur¬
was
corporation,
the
the
been
10
(b) of
share for the year ended Dec. 31, 1941, to $15.75
11 months ended Nov. 30, 1942); (bi the intention
Truck corporation (minority stockholders who held
their
shares
at
that
time
to
receive
in
liquidation approximately
$25 per share in cash); <c)
the intention to transfer the remaining
$2.73
share for
liquidate
was
of the identity of the purchaser,
terms
,
rose
corporation
contract
was
man's
•
to
Truck
representatives of Salta to Hefferon
None
(a)
■
per
the
share.
full disclosure
with
the
authorized
chased
of material facts in stock purchases,
r
The report on investigation states in part:
Pursuant to section 21 (a) of the Securities Exchange Act of 1934,
this
Commission on May 20,
1943, instituted an investigation into
the purchase
by Ward La France Truck Corp. and by Salta Corp.
of the publicly owned stock of the Truck corporation, which was not
registered on any securities exchange, at varying prices as low as
$3.25 per share and at an average price (Sept. 24-Dec. 5, 1942) of
$9.71
per
share,
without disclosure to such public stockholders of
(a)
the greatly improved earnings of the Truck corporation
(they
deals
which
purchased by Hefferon for the Truck
from $3.25 to $5.75 per share.
None of
were purchased was advised
thereupon ceased buying stock for the Truck corporation and
to purchase stock for Salta.
Between Oct. 19, 1942, the
was
signed, and Nov. 12, 1942, the olosing date, he
purchased 3,216 shares for Salta at varying prices as low as $6 per
made public June 12 .a
the purchase by the Salta Corp. and the
of the latter company's publicly owned
the public stockholders of all details of
intention to liquidate the truck concern.
it had decided to publish its findings
report on its investigation into
Ward La France Truck Corp.
general fund
these shares
acquainted with the
was
date
Commission
Exchange
and
the negotia¬
19, 1942, 2,361
Co.—Registers With SEC—
June
on
a registration statement
(2-5149) covering $1,000,000 3%%
first closed mortgage and collateral
sinking fund bond issue, due 1958.
Coffin & Burr, Inc., of Boston have been been named as
underwriters,
and the proceeds 'of the issue, to be offered over
the counter at a
price to be supplied by amendment, will be added to the
Hefferon
SEC—Purchase of Stock Reviewed in Report
Securities
The
whom
19, 1942, the
introduced
follows:
as
were
was
demned by
Oct.
On
Ward La France Truck Corp.—Undisclosed Acts Con¬
v
of
the companly since Dec. 31, 1941.
157, p. 1856.
15, 30 cents.—V.
and Dec.
start
company
Commission
were
at prices ranging
Hefferon had
1942
the
Between
West Disinfecting
The
for
(d) of the Improvement in the financial condition and earnings
30 cents per share
stock,
preferred
the
on
payable June 30 to holders of record June 22.
Distributions on
the common
stock during
f.
shares
(c) of the amount to be paid on liquidation (approximately $25), or
and the regular semi-annual div¬
value,
par
dividend of
a
additional
for the sale of their stock (at approximately $45 per share) and the
liquidation of the Truck corporation,
Dividend—
Walworth Co.—To Pay 30-Cent
purchase
of the negotiations between Salta and La France
(b)
.
2056.
p.
to
themselves.
stock
(a) of the fact that
chaser of the stock,
Securities and
Exchange Commission to withdraw its $1 par common stock from
list'ng and registration on the Cleveland Stock Exchange.—V. 15/,
The
stock,
Sept. '24 and the signing of the contract on Oct.
on
shares
the stockholders from
■
A
Truck
corporation.
Since La France and Grossman owned 74%
of the outstanding shares, the purchase of publicly held shares by the
Truck corporation with its own funds increased the percentage of out¬
standing' shares owned by La France and Grossman, and hence the
value of their holdings, almost to the same extent as if they had pur¬
versal
price of the issue.
in
transactions
of voting upon plans to merge this company with Uni¬
purpose
Monday, June 21, 1943
menced/La France and Grossman authorized John C. Hefferon, an
employee of a registered broker-dealer, who had previously effected
Defers Dividend—
157,
of
I2V2
holders of
paid
p.
on
2260.
cents
per
record July
March
29,
last,
the
extinguished.
He
pointed
1.
on
This
and
on
out
\
in
:
)
his
decision
that
York Ice's preferred will own
"surviving corporation," the York Corp.,
compared to its 24.8% ownership now, with the common of Ice
having an equity of a little less than 17%.
The
consolidation, he
said, was imperative because York Ice was unable to meet
sinking
fund requirements
and had to obtain some sort of
refinancing te
83.2%
of all the
stock
of the
as
survive
share
Biggs ruled, however, that the merger was under section 59»
Corporation Laws and that the accumulated dividends can
with
the
alternative
of
a
consolidation
of
the constantly accruing dividends
sinking fund payments.
He said the
in
a
much
stionger
financial
classes of stockholders.—V.
position
157,
p.
which
merger
and
1856.
be
with
were
more
the
elimination
subordinate
would
to
the
put the company
beneficial to both
@FedFRASER