Full text of Commercial and Financial Chronicle : June 27, 1949 : General Corporation and Investment News, Vol. 169, No. 4815

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asm.

um*Ry

JUN 87 1949

MONDAY

Reg. U. S. Pat. Office

Volume

169

Number 4815

New

General
RAILROAD
Abitibi Power & Paper Co., Ltd.

INDUSTRIAL

-

stock

at

$37.50

share

per

and

CONSOLIDATED

accrued

This

dividends.

In This Issae

of

stock

common

of the

Trust Co.,
Dixon
At

prior

of

no

in

value,

par

addition

preferred stock will be

15 King Street

made

to

the

close

substantially
of

assets

West, Toronto 1, Canada.

of

1948

improved

Commission

of

Ontario

for

$5,000,000,

which

amount

added

was

to

Period. End.

sales
of

April 30—

1949—9 Mes.—1948

14,413,083

Stock

Other

margin

18,927,198

Total

selling,

7,636,612

engineering
tDepreciation
for

10,829,925

2,953,297

3,669,099

3,677,761

643,006

430,000

45,749

Fed. income taxes

83/716
1,962,411

exp.

(est.)

38

Exchange

Net profit from opers.
Unrealized profit on for¬

eign exchange

.60,624

138,237

CrlOO.OOO

87,576

112,148

included

In

,,

2,925,414

$3,131,970

$4,521,134

the

DC-6

Exchange

41

43
44

26

profit

for
U.

—f

35

iary.

$3,138,128

$3,773,472

$4,550,815

air cargo

cash

$5.00

$6.03

tlncludes

subsidiary.

cash

of

$66,049

dividend

tEffective

Aug.

1,

of

1947,

operations and credit for scrap
169, p. 1217.

received from the British

$47,178

sales

received

from

depreciation applicable
are

46
46

C.

46
of

Federal Reserve System

distributor
electric

C.

for

all

Admiral

and

ranges

W.

Strawn,

recently
Other

Manager

refrigerators in

officers

ciated

with

of

of

.include:

the

RCA

the

the

169,

p.

newly

Victor

Admiral
Keith

established

Appliance

Sales

division

Corp.

was

and

Division,

Manager,

for¬
more

Total

from

of

formerly

asso¬

Federal

income

of

1948

1947

$1,061,545

realized

$0.09

As of—

255,610

1,416,774

Net

assets

—V.

capital

Oct. 31/48

21,951,186

9,100,000

8,324,179

to year-

4%

pfd.

$4.09

$4.08

Period End.
Gross

Prov.

April 30—

for

depreciation

Amortization

of

377,500

Federal

taxes

$16.34

$81.22

$72.52

1949,

previously

as

Int.

on

48,766

of

premium

debt

and

717,541

'

long-term debt

Amortiz.

4,182,000

48,766

768,275

$1,039,154

302,239

income

the

stockholders,

to

prior

periods

without

re¬

3,765,105

j

585,193

3,454,091

3,750,491

$941,504 $10,654,833
269,597

585,193

3,802,933

4,258,732

$9,521,744

3,381,719

3,084,714

4,669

5,087

59,062

60,635

Crl5,319

Cr4,216

Cr72,192

41,151

•'

Qtrs. End. Mar. 31—-

2221.

p.

*1949

1948

1947

1946

$169,196

$232,863

$85,506

664,923

664,923

665,373

636,373

$0.26

$0.25

$0.35

—V.

$747,565

$671,035

$7,236,243

$6,335,243

105,000

1,260,000

CALENDAR

FOR

6.5%

Deichler,

S.

revenue

above

the

12.5%,

up

was

last

was

Vice-President—sales,

miles was 16.5%
month.
Mr, Deichler

passenger

previous

360,190

from

24.8%

up

month

27%

May,

over

compared

less

Deichler

of

attributed

the

surface

rail

than

This corporation
its

on

routes

its

May

to

with

April,

over

said

ton

miles

April

In

the

to

same

1948,

with

1,922,629

a

2,398,002

year

when 3,283,276 ton

ton

The

ago.

miles

were

the

1947, and

Aside

from

one-month

mark

the

up

figure

for

passenger total in

Airlines

carried

air

parcel

post.

record by carrying 313,681 passengers
States last month.
In doing so, it
of

297,251

which

it

first

marked

repeated in September, 1948 with 296,737.

by
month when 289,764 customers
was

and

freight

a

United

previous

own

figure

drop In freight and mall figures to the
strike, which had diverted some cargo

air

established

within

in September,

up

the

express

companies

in

23,917 passengers from the preceding
were carried, to their destinations.

last September, the highest single-line
the past year was the 290,000 passengers

October,

1948.—V.

169, p.

2309.

Net

sales

profit after charges

Dec.

$566,035

$6,026,243

$5,075,243

332,469

$1.65

31,

1948

>

»

earned

the year.—V.

surplus
168,

p.

totaled

$3,289,776,

an

increase

Louis.—V.

161, p.

1418.

^

American

Rayon Corp,

below.—V.

169, p. 2633.

St. Louis Listed and Unlisted Securities
Edward D. Jones & Co.

April 30—

Established 1871

1948

1949

$30,618,000 $21,252,000

839,466

*4,682,509

300 North 4th St., St. Louis 2, Missouri
Members
New York Stock

Increased

no

provision

1949

because

for
of

44.1%

Federal

the

while

expenses

income

taxes

increased 15.2^.
for the first four

carry-forward of the 1948 loss.

"

Exchange
Exchange "
Chicago Stock Exch.
Chicago Bd. of Trade *
New York Curb Exchange Associate
-■/
.

of

St.

Corp.—Minority Stockholders Seek

2533.

revenues

was

of

of

(& Subs.)—Earnings—

profit after taxes

months

North

Co.

332,462

$1.51

figures.

American Airlines, Inc.

There

Insurance

1,100,001

a.

$673,056 for

Net

Automobile Fire

See

1947

1,005,524

share

per

♦Consolidated
At

can

$16,338,558 $13,368,953

and taxes

Dividends

Earnings

Co,—New Director—

William A. McDonnell, President of the First National Bank in St.
;Louis, has been elected a director of this company and of the Ameri¬

to Bar Merger—.

YEARS
*1948

NOTE—Revenues

$642,565




E.

R.

143,534,479

American Bemberg

tAfter charges and taxes.

1,260,000

169, p. 1985.

record for the year last month in volume

new

$0.13

•Loss.

__T

a

carried,

American Automobile Insurance

$172,397

*•

RESULTS

Total

105,000

Balance

miles

passenger

Air mail was up 2%
over
May, 1948, and off 10.5% from April.
reports 713,G64 ton miles carried last month, compared with
695,715 ton miles a year ago and 799,560 in April.
,

American

Altes Brewing Co., Detroit, Mich.—Earnings Up—

Four Months Ended
Net

reported

$6.20

$6.85

results for

disct.,

expense

Other deductions

the

1949—12 Mos.—1948

334,000

j

income

Gross

' $1.39

$1.08

include

above

Net

)

'

13,627,007

_

figures

$3,520,943 $45,521,130 $40,605,270
1,479,131
22,037,438
19,528,645

plant

acquisition
adjusts.
General taxes

total

American

surpassed

•Consolidated figures.

1949—Month—1948

$3,649,769
1,416,072

'

15,188,590

$13.12

profit
outstanding
Earnings r(er share™

Co.—Earnings—

expenses

"*iJ r

3,071,127

stock-

tNet

revenue

Operating

freight
carried

The

stock

I,

?

2,454,205

share:

per

cum.

Feb.

to

10,781,421

$3.53

Power

in

1948

of

year

figure
operated.

from

'

adjustments)—

Shares

Alabama

ahead

miles last month.
May's ilgure was 3% below
when American carried 465,745 ton miles.

ton
last

settling
*

$43,989,141

14,869,721

2525.

P.

the
book

the

Apr. 30/48

$60,884,211

17,716,213

shares

share

per

169,

24,288,590

1,900,000

flecting subsequent adjustments.—V. 168,

Apr. 30/49
$62,481,029

;

of

4,971,127

1,400,000

taxes—

audit &

NOTE—The

$627,487

,

.

,

assets

Number

3,854,205

(subject

Earnings

profits

securities

Air

Mr

$542,405

$0.12

$0.14

JLoss.

Net

95,327,496 415,002,112 400,799,989

91,101,990

earnings

end

$2 401 299

'

net

sales

37%

was

was

express

May

taxes

income

Common

♦Exclusive

1949—12 Mos.—1948

1949—3 Mos.—1948

sales___

net

to

1949

income

share

per

and

1948,

month

Earnings before Federal

Chicago.

Fund, Inc.—Earnings—

investment

company's

456,322

(& Subs.)—Earnings—

2633.

Six Months Ended April 30*—
•Net

Earnings

total,

exceeded

month's total has been exceeded only three times in the company's

miles

Distributor

Corp.

Davis,

Period End. Apr. 30—

Net

Affiliated

In

year.

has

better

corporation set

Air

Allied Stores Corp.

area.

Connelly Co., Seattle, and R. W. Biggs, Sales Promotional

Director.—V.

this

airplanes

aircraft, control of costs and increase of revenue
figures of 1949. For the first four months

new

the

American

patcenger traffic
announced.

May,

Distributor in Seattle, Wash.—

Manager of

Vice-President

merly

of

has

46

The

in Charge of Sales, has announced
Distributing Division, Seattle, Wash., as
radio, radio-phonographs, television sets,

Seattle

of

summer

sale

Sets New Records—
The

Condition Statement of Member Banks of

Johnson, Vice-President
of

the

for

history, in August, September and October, 1947.

Admiral Corp.—New
establishment

efficient

permitted

1949,

last

W.

during

sold.

—V.

the

is

of

received

far

so

•

The

of

factory
being applied to cost of sales,

disposed

DC-4

value.

has

to

three additional DC-4 airplanes are re¬
that fleet, and 12 DC-4 aircraft are to be
airplanes have been sold during the past
anticipated that those remaining to be sold

service,

Sixteen
and it

months

Reserve Banks

British

of.

be

amount

45

Rates
Combined Condition Statement of Federal

subsid¬

the

In

for future addition to

will

54

$6.59

dividend

Convair

75

five

Foreign Exchange

$4,972,230

$4.16

per share

♦Includes

May 31 said in part:

on

is
now
fully equipped with modern aircraft; 50 DC-6
planes. The DC-3
airplanes have not only been
all of them have been sold.
Fourteen DC-4 airplanes are

Dividends Declared and Payable
'

Canadian cos.____

Earnings

line

The

and

disposed

The Course of Bank Clearings

8,406

&

*■

Smith, President,

retired but

.

served

the
S.

award

engaged

''

•

Redemption Calls and Sinking Fund Notices—46
period of

Inc..

airplane.

C. R.

$4,963,824

29,681

Airlines,

Surplus."

State and City Bond Offerings
131

Overseas

consolidation—American

beginning

The

26

General Corporation & Investment News_Cover

6,158

the

The decision provided for monthly payments of
June, 1948 and continuing over a period of five
is tentative, subject to later adjustment, but if
continued at that rate for five years would total $2,000,000,
As of
March 31, 1949 ten of these monthly payments had accrued and the
"Earned Surplus Account" has therefore been credited with $333,333.
As future payments become due they also will be credited to "Earned
years.

National Quotation' Industrial' Stock Average .35

*

net cur¬

on

in

profit and loss include

opinion dated Feb. 21, 1949, the Civil Aeronautics Board, de¬
that the government should share the cost of development of

40

3,653,739

$3,773,341

11,615,680

comparable to 1949.

an

cided

39

117,389

2,381,997

$4,284,821

325,844,258 235,201,895

J.

company's wholly-owned subsidiary American Air-'
A. The accounts of the following subsidiaries are

Mexico, S.

$33,333

400,000

at New

assets, etc.___

Net

de

not

38

Exchange

flown

Sky Chefs, 4nc., and Manhattan Air Terminals, Inc.

38

Miscellaneous Features

•'

York rates

lines

Transactions New York Curb Exchange
Stock and Bond Averages ^(Dow-Jones)

598,456 "• {

1,104,240

37,375
100,000

_________

$222,521

(net)

-

miles

Transactions New York Stock Exchange

contingencies.

Int., debent., disc. &

rent

10,220,756

2,867,375

and admin, exps.
Patents, development &
gen.

Prov.

8,213,930

$4,117,369
167,452

12,924,679

income

in consolidation the

37

Toronto

advertis.,

from

NOTES—The above consolidated statements of

37

40

Stock

2,288,807

$146,359
76,162

loss

*1948 figures are restated to a basis

Stock Exchange—Curb Section
Over-the-Counter Markets

$16,370,839 $17,977,516 $22,513,415 $24,379,331

16,517,675

2,603,103

*

Montreal Curb Exchange—

U22.723

*270,869

commissions

and sales branch exps.
Other

Stock

$21,705,674 $14,689,163

._

deprec. of prop. & equip.

loss

Revenue

37

Exchange

Stock Exchange

Stock

1,295,556
241,442

19,248,930

and

Revenue passenger miles flown

36

Exchange

Francisco

Montreal

Net

Toronto

U35.774

*178,064

income

Shipping,

operating

Deductions

36

Philadelphia-Baltimore Stock Exchange
Pittsburgh Stock Exchange
St. Louis Stock Exchange

19,472,586

$16,192,775 $17,841,742 $22,242,546 $24,256,608

income

misc.

Stock

Los Angeles

San
Pactorv

Exchange

Stock Exchange

Detroit

1949—12 Mos.—1948

15,255,470

Net

27

Cincinnati Stock Exchange—

(shipments)__ $30,605,858 $33,097,212 $41,169,744 $43,729,194

goods sold

(Bonds)

36

Cleveland

Cost

revenues

expenses

31

Stock

Chicago

(Including Canadian Subsidiary)

operating

657,149

1,709,235
302,481

1

15

Boston

Addressograph-Multigraph Corp.—Earnings—

Net

freight-,.

Prov. for obsoles.

New York Curb Exchange

373.

p.

Total

(Stocks)

New York Stock Exchange

working capital stood at $19,093,523. This was
early this year when the company sold the
Power Co. Ltd. to the Hydro-Electric Power

working capital.—V. 169,

Stock Exchange

New York

*1948
,

$18,273,389 $12,495,010

and

Operating

Page

;

Kaministiquia

Stock and Bond Quotations

....

QUARTER

1949

Other

Montreal

company.

FIRST

■_

1,420,569

Express

$39,565,500

the

at

FOR

ACCOUNT

•

Mail

will

funded debt.

Payment

-

Passenger
-

1,395,272 shares of $1.50 cumulative preferred stock,
(redeemable at $25
and
accrued
dividends)
and
1,241,694

$20

shares

INCOME

Operating revenues:'

leave outstanding
par

MISCELLANEOUS

-

Three Months Ended March 31—

"

The company has called for redemption on Aug.
1, next, all of its
outstanding 50,000 shares of $20 par value $2.50 cumulative prior pre¬

ferred

INSURANCE

-

To Redeem Prior

—

Preferred Stock—

Copy

a

Corporation and Investment News

PUBLIC UTILITY

-

Price 75 Cents

York, N. Y., Monday, June 27, 1949

St.

Louis Stock

'

>

Phone
CIntral 7800<

;

Bell Teletype' '
>-''8L. 5$3~"'r,T^';

2

THE

(2746)

ACCOUNT FOR THE PERIOD JAN. 1

•CONSOLIDATED INCOME

MARCH 27,

THROUGH
Net

sales""selling,

of

administrative expenses, etc.,

—

__

taxes on income

Provision for Federal

Months Ended

Steamship Co.

March

CHRONICLE

Operating

Monday, June 27, 1949

(& Subs.) —Earns.

31—

1949

American Power & Light
For

1948

$6,047,694

$6,900,003
5.822.2S&
"1.759

—,——

Depreciation

Three

FINANCIAL

1949

sales

Cost

&

American-Hawaiian

Subs.)—Earnings—

American Bosch Corp. (&

COMMERCIAL

$8,927,200

6,225,155

8,903,896

ex

Depreciation

38,856

of

Gross

loss

-

$216,317

from

investments

and

capital gains_„_

$3,222

143,750

fEarnings per

$56«naJ

share

common

Net

$u.*y

,

loss

•Including subsidiary, Arma Corp., from March 18, 1949, and com¬
bined with consolidated statement of its predecessor, Amra Corp., from

Provision

Net

stock.—V. 169, p. 2093.

American

for

Federal

taxes

1949)

Income

on

$168,856

paid

charge

in

formerly.

Batchelder,

Mr.

Assistant

President

the

to

1933.—V.

Earned

surplus,

•Profit.

National
2205.

of

169, p.

March

31

Operating

revenues

$5,271,771
3,092,106

——

—

of

operation—
and repairs
and
miscellaneous

Expenses

—

General

expense

provision

Net

for

operations

from

income

income

Nonoperatmg

(net)

16,054

awards

*$830,579

29,657

,

of

merchandise

back provisions of

398,147
291,60.9

$136,689

—

$152,743

income

•Loss.—V.

168,

vessel

SHEET,

MARCH

31,

1949

formerly

Henry
V,
Bootes,
elected Vice-President

(at

Vice-President,
169, p.

Assistant

disbursements

*$800,922

Dividend

on

Electric

&

mixed claims
$1; assets allocated to insurance fund, $1,150,000;
U. S. Maritime Commission and Ameri-

on

and

surveys

tax

uncompleted

vessel

on

$791,455;

voyages,

redelivery

has been
2205.

Co.—Declares Larger

replacement

fund,

June

on

declared

22

Net

date

the

however,

consideration

dividends

event,

any

establish

will,

1949

15,

that

after

of cash

amount
In

Dec.

on

and

to

be

be

Expenses,

heretofore

dependent

earnings

upon

other

and

Net

factors,

leaving

stock of the

paying modest

in

4'/a% "

is

It

1949

cash

|

V

proposed to offer to

about

shares

500,000

then

determined

at

of

common

stock

on

a

the

for

1

basis.

12

terms

date.

will

be

basis

a

exact

later

a

common

ori

shares

held,

„

It

is

made

Here,

stockholders
of

one

on

or

share

new

about
for

Oct.

time

in

latter

the

a

later

date,

My

report

the

made

the

estimated
The

42nd

the

May

on

as

laid

for

the

company

expenditure

Claim

earnings

meeting of the stockholders
1949, discussed the expansion pro¬
early in 1947 and indicated an
three years 1949-1951 of $251',000,000.

for

the

12-month

INCOME

Notes

period

ended

May

31,

months

to

12,437,633

11,357,649

64,177,191

990,623

12,059,472

of

10,584,195

$111,220

3%

serial

notes

due

;

Operating income
Transportation, gas and

14,432,008

13,171,716

870,805;

13,914,111

12,376,920

Deferred

956,211

2,921,399

12,769,073

11,206,265

Subordinated 3V\%

2,668,424

32,921,795

'•Ser.

"A"

595

50,527

82,210

112,855

32,252
1,312,429

r.5%

30,564,803

924,347

net

Other income

256,742

income

3,004,205
1,000,146

____

deductions

2,831,806

34,266,475

4Vf»%
Series A .$1.25

,,

Common

stock

12,241,202

Paid-in

earned

•

by A.

Divs.

lor

stocks

mon

on

G.

&

11,501,647

Total

come of

2,004,059

1,594,323

1,431,250

816,000

22,025,273
12,356,246

20,244,250

778,323

9,169,027

issue

our

subs,
on

of

June

consol

Total

778,323

9,169,027

883,138

13,658,732

position

3,976,311

possible.

as

tributed

of

17,076,553

Dividends

18,357

and

net

subsidiaries,

subsidiaries

from

and misc.

13,910,624

undis¬

Expenses for

.

business

2,070,798

1,661,539

23,079,651

21,885,442

ings for
per

2,584,493

com.

of

stock

not

cash

S.

20.495.158

19,082,499

not

on

specified.—V.

J
t




each

share

and

corporate

associated

purposes.

stock

common

cf stock to

bp issued

research,

past

six

other

20,

7,

the
on

National

June

3 Ya%

1949,

1949

to

20,

Association

shall

and
date

debentures*

include

delivery

of

July 5,

taxes

expenses

on

—

examinations,

days

p.

unless

2634.

(&

Subs.)—Earnings
1949—12 Mos.—1948

$5,966,054
421,651

deprec.

and
;

$5,719,103 $24,799,765 $23,475,719
2,182,615
9,173,838
8,419,365
409,683
1,617,336
1,402,384

360,791

334,063

1,417,679

6,792

6,912

27,169

285,976
848,674

320,687
777,471

3,227,103

27,289
1,569,491
2,966,706

$1,763,683

$1,686,672

$8,043,634

$7,771,368

975,193.
323,435

942,044
293,985

1,319,116

income

taxes

'

taxes—

'

1,293,006

on

deduc¬

(net)_____—"

v

.

Pfd.r dividends.—

-

-

3,831,494
1,239,916

3,705,764
1,171,924

.

Combined net inc. ap¬

127,260

plicable

to

co.'s in¬

vestments in sub. cos.

■<*

314,399

Iric.

812,927

140,424

$17,750,814 313,766,524
1,078,088
963,797

$465,055

sub.

sold

$450,643

$2,972,224

17,177

from

328,716

89,459

$467,820

$3,300,940

$2,983,139

$2,893,680

in

'

1948

v

Total

j—.il—iX,

s

$465,055

Exps., taxes and int. of
'

American Water tyorks

new

inc.

income

other

and

1948

"

354,449

income

accrued
(17

1949, shall be regular way

1949—3 Mos.—1948

adjustments

tions

$12,685,913

etc

foreign taxes

of

announced:

convertible

bond.)

2,278,487

for

Federal

than

—

and

years,
Pierce

succeeds

(subsidiary

retirements

Other

23,607

mine

upoa

they will be convertible by the

of

13,

the

July

on

169,

in

*

alphabetical

Co.,

301,204

74,287

41,207,323
72,243

-

$14,702,991 $11,148,175

(estimated)

1

Inc

201,424

195,292

922,558

765,492

$263,631

$272,528

$2,378,382

$2,217,647

$0.10

$0.10

$0.88

$0.82

73,782

1,524,304
16,695

$4.57

revenues and operating

of

income

income

stock

'stock'-

JEI

revs,

tion

127,260

consolidated..

inc., less misc. charges

investigations,

and foreign

Net
Net

expenses

Company

into

6,458,946

net income

Earns, per sh.
472

—V.

shs.

of

on

2,704,-

com.

stock

168, p. 2110.

3,893,095

$8,244,045

Consol.

$7,255,080

"

1,462,277

common

e_*c*ud® fronJ operating
.revenue and

lor

June

Maintenance

.

U.

1,835,582

convertible

contracts

Operation

alwayt

1949

-

Corporate taxes, State income & franchise taxes
Depreciation
•

s

deductions the

*•

2,802,942

earn¬

system earnings

share

,-■*

Depletion

199,262

T.

general

American Water Works Co., Inc.

(& Subs.)—Earns.

—

235,216

extensions, additions, and im¬
&

'

\y

companies

L—l

Total

17.909,130

Income before U. S.

system

•otherwise

alphabetical

near

investments—'—

on

'

883,216

income

,

issued"

contracts

Oper.

$16,785,549
from

dividends

Interest,
Profits

Expenses & deductions
(parent co.)

Consol.

'

is

parent

1,*97,988

T.

for

beginning
that date until June 20, 1951, they will be con¬
share, payable by surrender of $100 ox debentures

after

'

in .exact

Three Months Ended March 31—

814,220

*7,114

78

for

A:

and

be

and

$65,620,955 $46,089,493

it

•Earnings

244,778
65

subsidiaries

Consol.

rclasons

American Smelting & Refining Co.

Administrative and general

Total income

will

shall be settled

Operating

City Elec¬

income

the

Amort, of plant acquisi¬

mechanical

received

Comptroller Appointed—

1959,

Int.

1,497,924

company

From

$130 per

computed
3y8%— $1.4756

Prov.

always.a*

stock

income

1949.

"when

All

1949, the name of William H. Mobney,
given as James E. Moohey. See V. 169, p.

possible to arrange companies
order.
However, they are

tric Co.

Miscell.

debentures

at

of

used

System,

$1,000

20,

incorrectly

was

NOTE—For

572,809

com.

plant

Bell

be

from

*

Consol.:

of Atlantic

the
the

will

per

3,976,311

'

Divs.

to

of

issue

companies)
In

President,

:

Prom

1,

the

interest

current maturities.—V. 169, p. 2633.

"

well

so

McHugh, A. T. & T. Vice-President,

of

.at

.*•

572,009

Income of Amer. Gas &
Electric Co. (parent

co.)

—i

transactions by many
been

throughout the country,"

S.

new

All

>

;

in¬

_!

above)

i

_____—_—

were assisted in their
.institutions.
"

financial

The
Uniform
Practice
Committee
Securities Dealers, Inc., District No.

1,089,803
4,721,093 *'■ 3,173.883
3,613,596
>2,754,119

*

1949.

Delivery Ruling— "

95,420

1,181,438

x

20,

payment of $30 -in

due

3,677.270

:

postwar

representing

many

-

___—

4 533,625

.-

comeany's

Shclmerdine, Assistant Comptroller for the
appointed Comptroller, effective Aug. 1.
He
Saxton, who will retire on that date.

W.

'

the

received,

been

9,000,000
'

cf

any

were

William
has

'

16,267,938

Undistributed net income
(as

—„

for

subscripts, ns
invoking large

Period End. Mar. 31—

Co.)

net

Keith

New

22,491

1,693,990

■

percentage

payment of $40 in cash.

1,438,416

1,325,009

1949—2 Mos.—1948

offers.

conversion.
On and after June 20,
1951,
surrender of $100 of debentures and

^ 3,000,000 * 3,000,000

American Oak Leather Co.—Correction-*-

stocks

subs, consol.

Subs.

*

8,500,000

-3,505,975

1949—Month—1948

$32,151,819 $32,140,803 $71,782,910 $71,108,102

181,415

416,475

—

Amer. Gas & Elec. Co.
and

370,321

11,365

1956
1, 1950

share)

Co.—May Sales—
'

highly

are

vertible

500,000

,293,180

due

per

22,333,586

180,000

nation's

provements

com¬

E.

Undistributed

said

and

426,507

1,

:

$1

2634.
,

622,026

2,400,568

surplus

(owned

common

228,242

650,000

-

value

24,263,060

gratified that the .issue has
by A. T. & T. stockholders and other investors

5,000,000

convertible

6,400,876

from coast to coast

the
"We

Sept.

discount

surplus

•Excluding
Bal.

of

other

(and

;

(par

719,372

in

vestors

429,709

within

Dec.^ l, 1957,
(par value $25 per share):

convertible

23,427,528
374,571

786,609

previous offers of convertible
debentures, the greatest amount
subscriptions came on the last day,
amounting to approximately
$264,000,000. The big issue required an
especially trained organization
of over 750
employees to handle the mass of necessary details.
In¬

3"l5"894

515,622

1954-1957

debenture

519,384

of

284,143

——

31,745,897

1,237,483

As

i

$4,933,242
39,560,380

55,811,592

—

credit—unearned

Earned

Gross

-

$25,204,500 $19,930,000

sink, fund debs, due Dec.
10-yr. 3% debents. due Aug.

Preference stock

Total

(net)

•10-yr. 2ft %

25,569,053

86,339

214,685

subscriptions
numbers
of
investors.
Subscrip¬
rights for the .'issue—the largest corporate
financing in history-

■"The

accrued—Income

3,131,596
,

*

•

bond

expired June

$65,620,955 $46,089,493

1949)

6,701,900

7,270,998

2310.

than

companies

and

in

23,406,698
20,831

138,855

surpl.

group

tion

■

<

$7,586,649

•

(net)

.

Taxes payable

53,640,883

1,105,875

30

A

\

.

1948

accounts—primarily officers and empls.
Deposits under employees* stock purchase plan

150,273,650 131,544,791

4,739,990

1.256,979

'

■

1

247,391

„

14,153

to

subscription

More

changing
!

•

payable (including interest accruals of
$153,125 in 1949)——I
Debentures—current maturity i_——^

"1949—12 Mos.—*1948

4,860,979
1,265,919

tax—

Other taxes

Co.

debts.

.1949

Accounts

<

1,026,482

1

iiighest

convertible

APRIL

■

others—due

25,554,900

—__

company

—

613,053

banks and

6,701,900

announces
June 22 that subscriptions to its recent
offer to stockholders of
$394,372,900 of 10-vear 3'/8% convertible de¬
bentures due June 20,
1959, are expected to exceed $385,000,000. Final
results will not be available until
thousands of subscriptions recently
received and in transit have been
processed.
The results- will show the

—

bad

SHEET,
\

—

payable

23,406,698

2634.

p.

326,459

Finance

for

taxes—.

Total

25,554,900

American Telephone &
Telegraph Co.—Subscription to
Debentures to Exceed $385,000,000—

56,781
1

562,507

etc.

6,701,900

212,675

earn,

p.

17,432

Ohip

receivable

estate,

140,657

7.019,040

above)__

carried

169,

The

41,847

assets..

fixtures, real
charges —1

5,031,121

796,146

of

—

—V.

.

$841,250

receivable

Federal

5,174,100

37,495

^___

169,

Sales

LIABILITIES—

ACCOUNT

1949—Month—*1948

Depreciation

water;

of

other

1,293,599

taxes

consol.

460,535

Thrift

revenues

income

and

768,805

23,573,476

1,293.583

Total

Proceeds

annual

-

Period End. Apr. 30—
Subsids, Consolidated:

Federal

The

JL—

accounts

notes

on

497,312
31,525,146

3,488

(as
income

438,926

method

BALANCE

146,758
8.032,994

CO:

Balance

$841,250

/

down

CONSOLIDATED

,

to

CY30.255

21Q.R?8

44,952

due

29,347,281

Light

income

equity

Income

•

reserve

32,022,453

Amer¬
&

Expenses

1,997,306

'

tax

to

2,061,719

8,179,752

mi¬

Period End. May 31—

$1,175,425

17,

per share.

Operation
Maintenance

income

refund

Furniture,

•

Operating

for

Deferred

*'

•

interest

Investments

six

consolidated

1949 are $4.63
f

at

held

company

of

gram

:

1948

__

method

10,871,929

2,291,122

7,619,040

of

in

Net

Co.)

$1,060,425

item—

—

equity

Other

$3,518,929

—

CONSOLIDATED

10,935,312

573,604

public

to

American Stores

765,366

—

Accrued

1950

,

of

of

charge-off

2,489.324

.252,718

to

Power

-V.

2,661,330

——

Installment notes and

too, the exact terms including subscription

price will be determined at

Finance

:

•

2,741,203

interests

LIGHT

MONTHS

$4,844,585

—

Cash

1,

nine

of

half

Ohio

etc

(estimated)

stock:

178,562

42,280,929

AMERICAN POWER &

115,000

preference

dividends

'

including subscription price to be
also likely that a second
offering

some

FOUR

_

•Adjustment
from

,

each

The

of

ASSETS—

'

,

FOR

item

$1.25

438,636

45,248,892

30

expense—

nonrecurring

———

Common

This is in contrast with the past policy
dividends andj conserving cash for investment

subsidiary/ equities.

interest

taxes

before

on

A

company,

of

APRIL

receivables,

convertible

Series

additional

the

of

45,193

9,165,341

Co.

Illinois—Earnings, Etc.—

income

5 Yc

directors is to

from

income

•Nonrecurring

equity capital needed for the carrying on of the affairs of the sub¬
sidiary ; companies to be raised by: the offer and sale of additional
common

for

income

Net

be taken until Nov. 2,
given quarterly to the

the board of

11;650,372
42,102,367

11,242,680

.

expense

Dividends

of

12,824,449
44,810,256

-

153,060

subsidiaries

cor"re¬

357.458

exclusive

Provision

dividend policy in which a greater portion of earnings than
will be
paid out in cash dividends,
the
exact
amount

a

for

reser"o

.

ACCOUNT

ENDED

income, etc.,

Interest

paid.

thinking

present

not

will

3,052,268
11,197,487

<•

565,507

ican

capital

1949

Interest

#

payable

3,348.135

(net)

applic.

nority

periodic

for

reserve

$2,428,372:

of

(Reflecting Acquisition of Assets

Philip Sporn, President, on June 22 further announced as follows:
The directors have every reason to believe that dividends can be
continued on this basis through 1949. Action on the regular dividend
1949

3,434,313

7,622,528

Portion

'

regular quarterly

a

INCOME

.

-

dividend of
75 cents per share on the common stock, payable Sept. 15 to holders
of record Aug
16. This compares with 50 cents paid on June 15 and
25
cents on
March 15, last, and in each quarter during
1948. In
addition
distributions in Atlantic City Electric Co. common stock were
made on March 15,
1949, and quarterly durihg 1948.
directors

The

for

reserve

$87,246;

expenses,

American Investment Co.

,

income

Pfd." dividends

$445,000; reserve for insurance, $1,150,000; capital stock ($10
par),/$5,000,000; earned surplus appropriated for replacement or vessels,
$12,642,825; unappropriated earned surplus, $6,646,764;
treasury, stock
(119,800
shares
at
cost),
Ur$2,928,422;
total,
$29,006,034.—V.
168,
p. 2533.
.:
/
•
, ■
'
.
• ■,

CONSOLIDATED

October and in 1950—

13,634,253

,

Balance

gencies,

Cash
Common Stopk—New Financing Planned in
Gas

14,996,111

Transfer to supl. reserve

th'e Internal Revenue Code, $1,003,128;

(less reserve),

,

American

3,637,304

cost),

and

LIABILITIES—Accounts payable and accrued liabilities, $2,509,930;
taxe3 on Income (estimated),
$232,214; excess of revenue over

Co.—Official Promoted—

sales department.—V.

in the

3,928,965

adjustments

Steamship Co., Joint account, $9,295,798; capital assets
(at cost)
less depreciation, $1,968,929;
unexpired insurance and other
items, $934,322; total, $29,006,084.

vessel

& Foundry

76,000,280

18,358,759
4,011,865

15,437,336

961,373

to
public
and
other, deductions, netof
plant acquis,

replacement fund assets,

gains

American Car

92,576,215

4,778,498

1,073,449

Interest

,can-Hawaiian

2677.

P.

22,099,062

4,715,559

taxes...

taxes

9,135,086

income

on

Federal

Net

'

-

187,577,655 162,308,921

12,441,796

$5,059,139;
supplies
(at cost),
$138,686; invest¬
ments in stocks of other
companies at or below cost, $4,280,101; esti¬
mated refund of Federal "taxes for
prior years, principally Under carry¬

inventory

805,821

505,287
337,616

requir. for U. S. Fed. inc. tax)
depreciation and amortization—

Taxes (no prov.

$

45,725,992

12,283,736
Other

.

$2,332,730; U. S. Treasury obligations
Notes receivable, $128,250; accounts receivable,

$2,715,000;

$4,175,507
2,847,341
,
663,168

479,997
720,076

Maintenance

Mos.—1948

$

Amort.

BALANCE

ASSETS—Cash,

1948

1949

$

26.316,491

!
income

Federal

$19,289,589 $20,275,660

parent company's prior years Federal taxes
carry-back provisions of the Internal Revenue Code.

under

(& Subs.)—Earnings-

Three Months Ended March 31—

194^-12

Mos'.—1948

excl. .direct

Property retirement and
depletion res: approp.

295,725

,

tOf

CONSOLIDATED

American Cable & Radio Corp.

...286,125

.

announcement by T.

Bearing, has been with Brake Shoe since

ACCOUN*

INCOME

51,671,235

Other taxes

*$156,856

the

$

revenues——

exps.,

Other

20,414,529

the
System inputs of sub¬
259,021,000 kwh., an increase
corresponding week of last

to

$19,575,714 $20,571,385

according to an

company's National Bearing Division,
W. Pettus, Division President.

of the

Sales

$39,830

Shoe Co.—New Vice-President—

Batchelder has been appointed Vice-President

W.

Roger

1949,

over

1949—3

taxes

12,000

19,615,544

1—

Jan.

Oper.

Federal

Dr38,074

—

Dividends

of

8.29%,

or

SUBSIDIARIES:

(sub.

—

loss

Earned surplus,

Brake

kwh.,

Co.—Weekly Input—

16,

amounted

'

Operating

70,811

—

companies only in

1, 1949 to March 18, 1949.
tBased on 1,105,322 shares of common
stock and after dividend requirements on 21,889 shares of preferred

$72,567

—

tEstimated refund

Jan.

J

June

company

Period End. Feb. 28—

172,078

"

income

ended

this

19,814,000

year.

26,526

week

of

CONSOLIDATED

4ie,ouo

Income

Net

the

sidiaries

the

transportation

^ 1948 " *m

»<=

,$4.26
.revenue
gas

VoW 'I

and

M aa

of

smelting,
of

others,

corporate

—V. 168,

p.

2221.

share

after

refining
and

arid

Quarters Ended March 31—
$2.80

manufacturing plants,

manufactured

before

taxes,

products,

and

deducting administrative
depreciation, depletion, taxes
>

Associates Investment Co.

preferred

requirement—

by-products

metals

penses,

common

dividend

•Mines,
metals,

:

per

,

from
and
on

1949

$2.43

from

sales

of

treatment

general

income,

ex¬

etc.

(& Subs.)—Earnings—
,

,

1948

$
Gross
Net

volume

receiv.

earnings after chgs.

tEarnings
•After

$10

of

per

common

acquired
and

taxes_

share_^

$

146,111,173
2,063,130

'

,

1947

.

r

'

$

148,993,177

80,884,703

1,270,825

681,695

$1.22

*$0.65

..

$1.99,;,

-

giving effect retroactively to the two-for-one
par value common stock for no par value common

substitution

of

stock, effective

Volume

Aug.

25,

169

1947,

Number 4815

•

THE

the

and

sale of 200,000 additional shares on Oct 14,
1947.
tBased on 1,041,824 shares of common stock
outstanding.
Unearned discounts at March 31,
1949, totaled $10,456,507, compared
with $9,985,869 on the same date in 1948.
•

Accounts

^

Emmoo

Co.,

Insurance

the

insurance

showed

net

and'its

subsidiaries

earnings

This

reserves.

Co.

of

subsidiary Emmco
Associates

of

$622,160

ccmpared

with

after

earnings

Casualty

Investment

provision
of

for

$43,350

at

Co.,

and

Other

for

BALANCE

SHEET,

MARCH

J

1943

31,

accrued

withheld

employees'

Miscellaneous
Reserve

CONSOLIDATED

$921,767

and

Earned

ASSETS—Cash,,. $24,301,745; receivables and possessions (after re¬
.for possible future losses
of $3,809,868), $209,196,393; invest¬

281,634

.426,931

__

91,025

160,147

under

bonds—

$1

normal
—V.

4,386

share

,

•

2,467,868

_

(since Dec. 31, 1932)__

ments

in

quent

non-tiilance

increase

in

values),

subsidiaries

net

not

./ Total
'"After

consolidated, at cost plus subse¬
X equivalent to underlying-

investment

in

stock"

affiliated

of

2,467,868.
4,359,622

4,800,629

Total

—'

$9,610,019.

not consolidated, at. cost (50%. owned), $50,000;
1948.
tAfter
furniture'
fixtures,; less reserve for depreciation, $388,290; prepaid interest,,/
991,203 in 1948/./Less U. S. Treasury savings
etc., $467,457; total, $239,394,911.
•
- - - •
; - ; •'■ V 1949 and $909,500 in 1948—V. 168, p. 2678.«
1
LIABILITIES—Notes payable, short-term (of which $138,645,000 are '
company

v

,

•aiid

bank

loans),
for

reserve

$148,107,200;

State

and

accounts

Federal

payable

and. accruals,

$4,548,778;

taxes,

Bell Telephone Co. of

$l,987,155;v
withheld—

reserves

"Period End,;April 30—

.

dealers

and

notes

of

$711,060

-

-Atlantic Coast Fisheries Co.—Rights, Etc.—. /•••
.-The
value

to

,

offering

the holders

to

$l,:.of record at the close of business

subscribe

the

is

company

ratio

on

of

before

or

July

.

additional

one

per share.

'is

to

6

share

-•

of

its

for

each

shares

of

3 Months Ended March 31—

(&

Operating
Net

The stockholders on June v20. approved the sale of ; 92/744. additional t s
,
shares of the company's common stock.
/
.V.
/;••'
■ /
;,_f, . The Committee on Securities of the New York Curb/ Exchange ruled
that the common stock be quoted "ex"
said rights on June 22, 1949.
rights

exercisable'at

are

the

Bank

of

Manhattan

the

/New York, N. Y., the transfer agent.- '/ •
'
;
i
i- The
company
on. June
14 filed a letter of
SEC

covering 92,744 shares ($1 par)

7p;•

,

..

v •;'

.

•

-•

,

'

.

1949

1948

•

-

income—

$3,943,611

income

$3,428,141
,

'28,621

•

Atlantic Coast Line RE.—Invites Bids—V

The

for

has

company

invitations

issued

for

bids

to

'

•

/

equipment trust certificates, maturing March
certificates are designed to -finance for the road not

The

90%

the

of

of

cost

equipment program.-

an

—

<,

than

more

'

.

r-

York

New

and

Florida

'

points

about

announced

J.

1,

74

'

cars,
including ) 20 coaches, 10 diners and two
placed with carbuilders in June, 1946.—V. 169, p. 2414.

baggage
/.>

other

notes

BALANCE

cars,

receivable, $2,539,912;

depreciation,

/

«•';/»

,

893,678

81,251 s

714,930

$0.79

and

1949,

and the

In

$0.71-

2,383,100
$0.62

"

Atlantic, Gulf & West Indies Steamship Lines

change Offer—Registers Stock—

1948

i

The company

stock

of

New

proposes to make

York

Ex¬

—

of

offer of its holdings of preferred *
Steamship (New York) in exchange
Atlantic's preferred,, according to a regis-

by

the

Cuba

&

an

Mail

,

for

outstanding

tration

v.

shares

statement

■/ vThe

filed

registration

5.6%

cumulative

latter

statemeftt

preferred

with

stock

the

$0.70

SHEET, MARCH 31,

reserve

real estate—at

$24,412), $134,368; furniture and
depreciation, $816,126), $1,022,538;

for

and

expense

other

shares

X$25. par).

of

Under

Cuba

the

';

exchange

holders of Atlantic's 5% noncumulative preferred stock ($100
par) will be entitled to exchange each share thereof for three shares
of the Cuba Mail preferred plus $25 in cash.
No
underwriting is involved.
Atlantic has no present intention of '
selling the Cuba Mail preferred not delivered pursuant to the exchange
offer. /
'

ferred

deferred

cost

(less

Mail

is

wohlly owned subsidiary of Atlantic and engages 4
foreign transportation by water between the United States and
ports in Cuba and Mexico.
If the exchange offer is fully accepted, '
a

in

Atlantic
Mail

will

and

is

tic

have

will

disposed,

continue

primarily

cipal direct subsidiaries
both wholly owned.'
sdid to be in control

Baltimore

of

all

of

of

hold

to

holding

a

the

its

preferred

cost

holdings

in

stock.

common

Cuba

Mail,

CubaAtlan¬

its

debt

unamortized

charges,

$535,129;

169,

.

On

Inc.,
trust

certificates

.

"The

cost

Issue

received

were

99.158;

at

the

Halsey,

(A. S.)

,

sale.

Co.

169,

Inc.;

Period End. May 28—

169, P. 2094.

.

,

at-

.

:

.

Harris,--Hall

&

Co.

Brothers

(less

75

10,000

cents

shares

&

Co.,

Inc.,

shares

($1

concession

owned

are

by

to

filed
par)

with
of

.

~

Steel Foundry & Machine

Earned

per

"Loss,
as

a

SEC, under

in

4

$0.67

Nil

•

the

three months of

with

$1,757,345

for

quarter

1949

were

1947.

of

Unfilled orders

the

1946

$0.64

$5,921,732 at
—V. 169, p.. 1443.

same

period

in

1948

and

•

31,

~

-

,

1949—4 Wks.—1948

Bliss & Laughlin, Inc.—New

less

of

(Del.)—Earnings—

/

1949

1948

1947

discts.

$4,881,950

$6,192,284

;

4,007,401

4,660,538

L.
Huff, former Vice-President
elected President and a .director.

been

Revenue

723,919

562,033

45,060

38,183

23,817

&

admin, expenses

Depreciation

elected

"

*

profit

Operating

charges

Provision

Net

for

Code

$2,635,995

for

income

per

$786,143

8408,643

1,157

32,578

5,230

taxes

85,000

;

302,000

$451,565

U.

$0.33

BALANCE

$1.10

Govt

S.

SHEET

AS

AT

MARCH

transit—"

value

1948

accounts

and

inventories

Merchandise

tFixed

plus

hote

accr,

and

Ice

14,089

1,139

4,409,942 '

sundry

9,750

,

.

■

'

8,750

and

Manager

of

Sales,

2,413,888

:

*

1

$9,610,019

—

Financial

of

America—Liquidat-

$36,63<>

BALANCE

SHEET,

MARCH

31,

1949

,

.

>

■

payable, $3,500,000;} accounts payable and ac- $1,204,947; customers' deposits on equipment contracts',
Federal

value

income-taxes, $1,122,391; $5 preferred stock,
26,128 shares), $2,612,800; common stock,

("issued

value

(issued. 450,000

earned

surplus

2004.

shares), $4,500,000; capital surplus,
1932, $9,515,941; total, $25,945,164.

•

p.

since

^

the

class

cents

in
B

the
B

Jan.

15

1949

stock,

and

the

class

2.267

50.12

was

stock.

quarterly dividend of 10 cents
stock, an extra of lVi cents per
dividend of 3'/s cents per share on
usual

preferred stock,

1949, The
and

A

cents

cents

extra

the

on

all

quarterly dividend of 15
payable July 15 to holders
stock

common

April

on

class

A

received

15,

and

last.

MVh

2Vi

p.

of

Barry's

Jewelers,

has

as

compared

with

$91.24

at

cents

been

the

on

oper;

subsidiaries

Dana

offices:

135

S.

HOTE:

On

(&

Subs.)—Earnings—

consolidated

$2,484,741

$10,115,832

$8,P1^705

172,287

765,037

1,193,899
263,438

4,646.522

619,265
4,0/1.520

taxes__

908,384

914,187

173,720

125,710

731,454

609,630

325,804

288,421

1,111,094

939,124

$500,727

$440,986

$1,953,341

31,511

32,412

116,499

$1,749,979
127,057

$532,238

$473,398

$2,069,840

$l,R97.07q

141,144

119,508

526,407

451,136

$391,094

will

Ice

as

will be
are

Co.

Borden's

$353,890

$1,543,433

$1,425,900

Gibson

and

Cream

Income

and preference

requirements

Earn,
—V.

Ice

Cream

Division

and

Charlotte,

N.

C.,

by

.

$9,387,332 '

The

it

was

per

hand

sheet

mill

was

June

Sloan

purchased

by

Borg-Warner

in

December,

sh. of

417,806

$1,008,094

$0.18

$0.18

$0.75

$0.75

com.

-

income.^.
of

com.

per

Net

to

$692,032

Net

.

"

31—

1949—5 Mos—1948

$4,060,732

$136

for

the

12

times preferred
such

months

stock

dividends,

shares of

income

the

five

Kilowatt-hour

31,

sales

1949,

to

$8,183,240
$1,756,196

ending May 31,

1949, was equivalent
requirements, and, after deduc¬
to $3.08 per share on the

equivalent
common

months

19.20%

revenues

for

the

that

Mav
of

those

1949,

amounted to

period of 1948;
1949 amounted to

same

May,

for

customers

27.75 %

31,

the

of

month

over

residential

increased

stock.

ending

over

May ,1948,
during the

12

mcnths

those of the previous
period, and averaged 4,445.95 kilowatt-hours oer customer, at an aver¬
age cost of 1.614 cents per kilowatt-hour.—V.
169, p. 2415.
'1'
over

Chronicle

,

the




fluctuations

In

the

rates

of

exchange,

remittance

for

foreign

subnriptions

*

$9,404,606
$2,106,992

dividend

was

outstanding

for

operating

May

1949—12 Mos.—1948

$3,540,292

"_—

$776,041, an increase of 11.95%
ending

550,000

$3.00

$876,564, an increase of
Gross

$1,715,144

550,000

revenues—

income

for

1949—12 Mos—1.948

$2,066,466

charges and taxes.-

oper.

5.08

tion

-

$591,352

share—

income,

Net
,

1949—4 Mos.—1948

'

__i_

shs—

Period End. May
Gross

Mac-Anne

14.

538,764
$1,004,669

California-Oregon Power Co.—Earnings—

.

Hickory, N. C., by the Hickory Ice Cream Co.
distribution points and retail outlets for Borden's
Division.—V. 169, p. 1320.

on

116,222
$237,668

■■

"After

as

announced

148,847
$242,247

stk._

com.

169, p. 1443. '

"Net

The

30,

for

Period End. April 30—

;

company's Superior Sheet Steel Division at Canton, Ohio, hav¬
ing .served its purpose of supplying other plants of the parent corporation with-more than 100,000 tons of steel .during the shortages
of
the last two
years,
will discontinue operations indefinitely after

div.

-

1

1
in

deductions--

.

in

■

remain

income

etc.,

Earned

its President.
distributed

revenue
'

Net

has acquired the Gibson Ice Cream Co. of High Point,
announced on June 21.
Effective immediately, the opsr-

Jr.,

cper.

income..__'__'_____'

La

of

.

herein)

1949—12 Mos.—1948

210,614
1,301,298
269,372

taxes

Seibert,

account

a,;

$2,781,535

:

income

not

1949—3 Mos.—1948

revs._

Maintenance

Gross

Co.—Acquisition—

products

1

H

elected

2415.

•California Electric Power Co.

the
.,

-

total
•

President

169,

'

cents

The

•

Behrstock,

dividend

meeting declared an extra

the .usual

common

quarterly

the

on

28,

director.—V.

A

regular

common

1948

June,
and

class

June

on

class

the

share

per

record

their

share

per

on

and

Earned

.

.

$200,485

(Reg. U. S. Patent Office) William B, Dana Company, Publishers, 25 Park Place, New York 8, N.
Y., REctor 2-9570.
Herbert D. Seibert, Editor and Publisher,;
President;
William D. Riggs. Business Manager.
Published twice a-week [every Thursday
(general
news
and
advertising issue) ■ with
a
statistical issue
on
MonaayJ.
Other,,
Salle St., Chicago 3, 111.
(Telephone State 0613); 1 Drapers' Gardens, London, E. CEngland, c/o Edwards & Smith."
Copyright * 1949 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, U. S. Possessions, Territories and Members of,
American Union, $35.00 per year; in Dominion of
Canada, $38.00 per year.'
Other Countries, $42.00 per year.
•
J
William

,

$62,407

*

accrued

cents

550,000

196,058

1

—

and

13,500

-

$53,732 '

directors at

share

Int;,

Borg-Warner Corp.—Unit to Discontinue Operations—

1,781,724

283,554

__________

Commercial

;e

■

of $1,319,350),' $7,363,561; inventories
(at the, loweu..;
market), $8,843,740; net.current assets in foreign countries

share

Other

has

on

be known

Cream

June

Th6

-

interest

or

4'A

Net

•

8,883

.

4

.taxes

...

Federal

;

2,993,730

10,082
'

Will

Gibson's

Gibson

invests.

—_____—

Total

185,000

168,

per

No.

was

Df Gibson,

These

82,200

_■

—

__L

Goodwill

ation
-

2,494.288

int.

receivable

assets

Deferred charges

C., it

$418,927. .*
1,483,832

Investments in affiliated companies (at cost)—

Mortgage notes receivable
(at cost
less reserve)

45,000

Federal

,

Investment Trust

outstanding unit was $89.49
end."r-V. 168, p. 2319.

per

year

2,035,796

securities—at cost,

$50,136

expenses,

•The
of

The company

31
1948

$350,717

receivable—trade

°Accounts

$445,485

Budget Finance Plan, Inc., of California—Extra Divi¬

the

for

,

$0.61

1949

banks, on hand and in

Miscellaneous

$107,407

profit

Total
-

••

quotations

$248,413

share

COMPARATIVE

in

trustees

.Borden

ASSETS—

Cash

65,848

"$53,732

$4,033,739;

to

Bond

allowance

N.

*

49,482

Period End. Mar. 31-

155,000

$134,088
common

87,564

jl

par

-

the
•

May 31 stated:
"The
total
portfolio
based
on
on May 20,
1949, plus other net assets and aite!
distribution of $162,448, aggregated $7,268,550,-represented by 81,224 units of beneficial interest. The
resulting liquidating

26,419

$220,245

—L__

Federal

131,539

adm.

par

ing Value Slightly Lower—
market

$382,224

16,499

deductions-/

and

profit

Earned

$769,644

18,075

.-—_—>-_■—_

Total1 income
Other

$202,170

________

income

"$15,711

(net)____

without

Pfd.

(The)
<•

■The

Other

1,232,108

$396,003

without

compared

new
posts with the company are George A. Spauldto be Vice-President in charge of eastern operations; Harry W.
Lillengren, Vice-President and Treasurer, and E. F, Thonlason, Secre¬
tary.—V. 169, p. 2525.

3,966,668

627,319

allow.

and

1,216,396

„

$4,934,742

exclusive of deprec.__

returns,

sales,

-

2,044,516
1,648,513

$450,286;

President, etc.—

Carl
*

Also

3 Months Ended March 31—

Cost

'

1.723,152

$19,843

Sam

ing,

Selling, general

1943

$3,562,938

1,908,424

Other

1949—21 Wks-.—1948

$3,618,472 $16,046,545 $16,626,506

^Belding Heminway Co., Inc.
Sales,

•"

1947 ••

.

-

^

Subs.)—•Earnings

"$185,272

paid

.

Nil

•:

•

(&

1948

$6,086,638

Operation
31, 1949 were $4,641,857.. as compared
1948, and $6,066,931 at March 31, 1948. / Prov. for deprec.__,

_

■

!$5,305,711

March

Dec.

;

■

.

sales

dollar

exps.

for

extra

recoveries

-

of

as

the

„

"$322,089

$2,714,592,

Co.

'

1949

sales

(Mexican

firs/

that
169, p. 2206.

dends Declared—New Director Elected—

.

tax

indicating

In

LIABILITIES—Notes

;

_

giving effect to estimated Federal
carry-back provisions of the Internal

with

,

1947

said,

four
1948,

the

$4,892,207

on

&

1948).

for

„

-

income

crued

stock, to be

$126,797

-

before
the

'

subject to prevailing restrictions in foreign exchange/,
$2,605,046; prepaid expenses and other assets, $586,887; property, plant
/
and equipment (after reserves for
depreciation of $3,055,634), $5,463,360; patents, goodwill, etc., $1; total,
$25,945,164,
\

&

-

"$108,811

he

income

—r"V.

Co.—Earnings—

1948

$134,771

share_

com.

and

result of

($41,000

.(

/;

1949

i

first

.,

(Inc.),

99.014.

1776.

oper.____

cost

of

,____

v

-

NASD).

Mericka

J.

the

common

members

Wm.

profit after charges
taxes

•

.

(withdrawals

Co,, Inc., and /
being sold by them for their own account.
"
' '
Bingham-Herbrand
Corp., for the first eight months ended
31 earned approximately $2 per share.
The stock is presently t
on a $1
per year dividend besis, payable
quarterly. Dividends paid in
the last fiscal year amounted to
$1.25.—V. 169, p. 2.

Sales

(jointly),

1, 1949 and mature $296,000 annually
2525.
'

$3,373,329
:

-

Mericka

covering;

$9.50

10,000

and

ma¬

99.281, a net interest
naming a 2l/z% coupon,

Lehman

and

A,

J.

ended Jan. 31,

from

"Loss.

are

of

each

were:

Inc.

p.

bid

a

at

The

Net

Beck Shoe Corp.—Current Sales Lower—

Sales
—V.

bids,

dated July

are

on

These

Co.

&

&

1950-1964.—V.

1,

21

other

Ripley

Stuart

;The certificates

July

June

Three

Harriman

99.0873;
'

awarded

was

2:589%.

Of

sold

Wm.

Quarter End. Mar. 31—

Co.; Union
June 22 of¬

on

prices to yield from 1.50% to 2.80%, according to
turity.
^
'
I
;
>

Regulation

&

Securities Corp. and Stroud & Co.,
fered
$4,440,000 2xk% equipment

14

Birdslioro

Ohio RR.—Equipment Trust Certificates
Offered—Salomon Bros. & Hutzler; Drexel &
/

June

.

J,841,993
1,822,150

Net

of

■'./.*

•

Bingham-Herbrand Corp.—Filing With SEC—

:

profit

unearned

minority *•
of subsidiary, $12,500; $3.25 cumulative pre¬
$10,000,000; $4 cumulative preferred stock (no /

/

7%,

up

*_&■;

-•

gen.

on

stock

par),

were

CONSOLIDATED

„

2414.

p.

(no

years

ASSETS—Cash, $777,599; U. _S._ Government securities (at cost),
$399,970; notes and accounts receivable (after reserves for losses and

May

Agwilines, Inc., and Southern Steamship Co,,
Graham-Newman Corp. and affiliated interests are
Atlantic.—V.

capital

stock

sales

Prov.

dis- ■'

April l, 1967, $20,000,000; reserve for -contingencies,
deferred income—unearned discount, etc., $1,965,042;

in

sales

Gross

other, assets,-

The

prin¬

are

of

1948 and 1947, respectively.
share were declared

'

(less

•

latter's

aside, from

.company;

1949,

Including sales of leased departments, for
May 31,
were
1.7%
below
the like "period
Carter, President, told the annual meeting.

3 Mos. End. Mar. 31—

Net

forr-

reserve

fixtures—at

-

parp, $10,000,000; common stock ($10 par),
$23,831,000; paid-in surplus,
$1,185,750; earned surplus, $22 603,374; total, $157,653,975.—V." 169,p.1 1002.
V

.

Cuba

i

.31,

sales,

Total

notes,- 234 %,-due

$700,000;

,

offer,

*

ended Jan.

years

;

LIABILITIES—Loans, payable,
$11,700,000;
Federal
income
tax^s,
accounts
payable
(including accrued interest, $632,652),
sinking fund debentures to be retired within one year,
$400,000; employees' thrift accounts (including
employees' peiision plan,
$1,245,620), $4,575,662; promissory notes—Canadian
dollars,'3'V2r/o, due
July 1, i960, $4,684,000; 2J/2% debentures, due May
1, 1961, $20,000,000;
314 % sinking fund debentures, due Feb.-1,
1964, $19,600,000; promissory

interest

Mail

|

!

excludes i

income,' which

ended

'Unit

Other

1949

$106,169; total, $157,653,975.

SEC.

190,125

covers

investment

Broadway Department Store, Inc.—Sales Off 1.7%—

•Profit

\\ $3,983,292;

''i V/: ;'•'*/

:

net

distributions of $0.50 and $1.50 per
realized net gains on investments
during the
and 1947, respectively,

from

"

$2,413,355;

^

from

addition,

Sell.,,

714,930

2,383,100
,

ASSETS—Cash, $30,396,925; instalment notes receivable, $122,505,888;
accounts receivable (including $24,485 due from
employees), $413,046;

lightweight stainless-..

steel

declared

gains or losses on investments, amounted to
$0.16,-$0.83,:
$0.82 per share during the three months ended
April 30, t

Brunswick-Balke-Collender

$1,553,159 '

81,252

2,383,100

^___

*

CONSOLIDATED

„

<•.

•

-

100.000

shares

-"/■*

,

1,090,370

$1,767,856

81,251

common

count-and

new

1,232,315

dividend^_^/^—

Common.- dividends

Sharpton,

B.

tlncreases

decline is the result of lower prices.—V.

■

today.

order for

an

July

1,538,242

$1,886,108*

div/dend_J__i___,

preferred

101,347
•

investments,

on

.

months

331.764

Earned per share.

,

between

442,311

,,

The first of 42 new postwar, lightweight, stainless-steel, all-room
sleeping cars is scheduled to begin operation in this-company's trains

Passenger Traffic Manager,
;
The sleepers are part of

2,142,741

$123,964".
1,114,916

*>

61,748

net

Edward W.

$2,975,293

taxes

____.

preferred

Number of

7-

Will Soon Place in Operation First of New Sleepers—

\

income

.

$4

1950-64./

1,

1,678,979

•

unrealized

Dividends

•

•

*
.

in

realized

n

$3,442,483

5^7,882

income

$3:25

.v

July

464,133

.

,

.

15,329

$3,972,233

charges
fovision for. Federal

'Net

•

;

received

be

$8,685,000

$199,536

"88,905

on

p.

$2,959,964
'

14,342

i

/Gross income
I

;

•,

'

gains

NOTES—Net asset values per share on April 30, 1949, Jan.
31, 1949/
1947 and 1646, were, respectively, $18.69, $18.67, $18.32, $20,89
and $25.21.
•
•

6,381,005

Income

the•'•

stock.—V/169, p.>2525.

common

$223,842

55,299

41,623;

.

$9,340,969

5,963,434

'.•• I f *
with

$352,584

invests.)

on

net

41,386.

1947;

$9,391,575

5,059,941

expenses——

operating

Other

Company,

.

notification

52,763

1948,

.

The

losses

Dollar

•

(

'

.65,240

.

:

Purchases-and sales of investment
securities, other than Government
securities, aggregated $2,107/454 and $498,684,
respectively, during the"
three months ended April
30, 1949.—V. 169,

Subs.)—Earnings

$9,003,552

Operating 'income

in

$1.80 1

at

Corp.

$165,593

apprec. of investments

t:

Beneficial Industrial Loan

$240,922

'

par

stock

said

held

shares

four

r f

(

.

17, 1949, .the-right*

June

on

additional

.

stock,

common

22,833

$276,605

$142,760

gains.

investments

.

-r-v. 169, p. 2206." '

28,373

$417,824

-"Realized net losses

notes*

1946

$212,549

43,389

__

(excl. of

Decrease

1949—4 Mos.—1948

1947

$233,216

___

inc.

or

Pennsylvania—Earnings—

>

v

65,873

income

Realized

•

others, $2,503,724; unearned discounts, $10,456,507; long-, ,'
Operating: revenues _//_ $13,569,072 $12,657,559 $53,857,371 $50,369,315
payable, notes due in equal annual instalments Aug. 1, 1955 *
Uncollectible
oper.
lev.
26,364
21,331
103,170
96,969 '
;to 1957, inclusive, $20,000,000; notes subordinated to other borrowed
-.funds, $15,000,000; common stock ($10 par value), $10,418,240;..paid-in
Operating revenues
$13,542,708 $12,G36,228 $53,754,201 $50,272,348"
surplus; $3,000,000;'earned surplus (under provision of long-term notes.,
Operating, expenses
11,004,405
9,927,363
43,658,427
J
39,860,368,
payable, $15,586,288 is ' not available for cash dividends on, or reacOperating. taxes
1,054,837
1,121,100
4,208,404
4,265,592
qUisition of, capital stock), $20,575,482; increase in equity in net asset;, *
of
non-finance subsidiaries not
consolidated,. during ownership, $2/
Net ' operating .dncome
$1,483,466
$1,587,762
$5,887,370
$6,146,386
197,826; total, $239,394,911.—V. 169, p. 1218.,..
.
/ /■'
Net after charges
;__
1,021,247
1,205,275
4,083,220
4,509,011 '
term

Net

-

in

.

1949—Month—1948

1948

1949

$9,387,332

for

reserve

>

division-

-

.

$351,951

____

Interest

doubtful accounts of $69,456 in 1949 and $56,705 ;
discounts of $57,401 in 1949 and $65,866 in
reserves for
depreciation of $2,092,221 in 1949 and $1,- *

and

the

of
.

Inc.—Earnings-

Income—dividends

for

reserves

in -1948

finance

probably would have
strip. mills in more

modern

.

3 Mos: End. April 30—

Expenses

subsidiaries

of

assets

$4,991,026;

type ,of mill
with

3

i

6,152
500,000
408/700

408,700

,

this

that

competitive

169, p. 2311.

'

per

knowledge"
remaining

times, according to R. C, Ingersoll, President

Boston Fund,

5,603

8,354
500,000

____,

serve

^book

"in full

difficulty In

payroll allotment pian

savings

liabilities
contingencies—

surplus

(2747):

' 105,220

125,656

current

for

$947,089

_____

!

withheld-

Common/ stock (par-value
Capital surplus

(Including wholly-owned finance subsidiaries)

's.

taxes

Amounts

all

1948/

31,

CHRONICLE

1946i

payable—trade

expenses,
wages,
etc
IReserve for Federal income taxes

together

taxes

FINANCIAL

Accrued

Insurance

March

&

LIABILITIES—

.

.

'"-

COMMERCIAL

.

and advertisements must bfe made In New York funds.

4

Operating;

and

453,021

429,090

proceeds of the stock sale, together with other funds, including
raised in December, 1948, by the sale of $1,000,000 of deben¬
and cash on hand and to become available from reserves and
earnings, will be sufficient to meet construction expenditures well into
the year 1950.
The company's 1948-50 construction program involves
estimated
expenditures of $4,632,000, of which $1,266,000 had been
expended by the end of April, 1949.
To complete the program, addi¬
tional
funds will
have
to
be
raised by the sale of securities, of

259,150

—

administration

depreciation

for

309,997

presently undetermined nature and amount.—V. 169, p. 1880.

income)—

Gross

^

^,3£?

>

Provision for Federal taxes on income

profit

NOrioperating

$4,972,777
2,367,602
339,522

341,985

——

(other than Federal taxes on

Taxes

Provision

tures,

2,266,031

..

-

-

$1,120 953 $1'°59 942
20,953
59,942

income
deductions

before

5

168,

-

-

The

152,902

"■

$559,597

Placed

smaller

a

The

construction pro¬
'

Net earnings

♦Earnings

The

MARCH 31, 1949

and income taxes
share

common

•After preferred

that the company

stockholders

mission

to

overwhelmingly

voted

interest

these

in

the

bonds,

such

payment

had

a

of

accumulation
Commis¬

The

year.

back interest,

of

year

ol

years

-

,

.

.

,

.

-

.

the

3,149,633
1,740,084
5,664,189

Net

4,068,223

4,960,896

——

•Earns, per

after

Carl

A.

Taylor,

struction.

for

stockholders"

the

told

Mahaffie

Amendment

change

may

its

1949—12 Mos.—1948

the

the

securities

Interstate

structure

consented

are

to

Commerce

ICC

upon

holders

by

Act

approval,

of

this

a

where

must

the

by

50 years with the company.—V.

will receive bids

company

years.—V.

to

up

oper.

Other

$588,773

road

ha3

been

in

bankruptcy

proceedings

by August 2.
modification
program

the

date

railroad

which

upon

it

such

proposing

Under

the

8,121

1,634

$636,335

$590,407

$6,206,515

$5,580,142

184,550

155,574

1,997,691

1,717,409

$451,785

income

announced

company

$434,833

$4,208,824

$3,862,733

(net)

income

must

be

first

was

plan

a

is

Central & South West Corp. (& Subs.)

19,629

Interest;
Net

deducts..

etc.,

income

Dividends

applicable to preferred stock

780,440

as

a

Vice-President ..of

editor of
Phair

A.

in

Thomas

Chilton Co.

"The

Age"

Iron

becomes

Balance

$3,082,293

Earns,

Gross

America—Earnings—

less discounts,
sold

sales,

of

Managing

Period End. April

Net

profit

allows.

returns &

29,389,132

.3,701,744

l

I.

operating

profit

«...■■ I.

l\l

"

tion

r,.„

Total

•

Provision

•On

Federal

taxes

•Net loss.—V.

share of

5,514,107 y2

common

shares

3,900,000

6,268,000

$6,047,624

„„

$0.95

(after

preferred

the

patents
Mr,

reasonable

on

owned

Equiv.

possible

terms

under

for

applicants

substantially

Blancke

stated

further

the

corporation

sub-licenses

under

reasonable
laws.—V. 169, p.
upon

Canadian

such

terms,

patents

subject,

would

has

of

be

of

rights
to

the

31,

to

to

British

filed

to

$2,500,000

with

169, p.

the

$4,500,000

2424)

and South¬

Commission

principal

amount

par

has

entered

$1,000,000.—V.

of

registra¬

a

amount

preferred

of

stock.

first
(See

into

arrangements

169,

p.

2526.

1949—Month—*1948

1949—12 Mos.—• 1948

$497,789

$6,452,454

$5,822,627

389,439

5,368,938

4,981,589

$103,456

$108,350

$1,083,516

$841,038

Drl21

226

4,975

Drl45

$103,335

$108,576

$1,088,491

.

deductions

other

27,403

28,255

327,977

income.

Cr44,700

charges..

68,200

11,000

143,700

128,600

$52,432
13,092

$69,321

$569,514

1949—3 Mos.—1948

80,000

income

13.092

157,102

$56,229

$412,412

.

Operating
Operating
&

Fed.

taxes

on

$1,596,619

revenues

expenses

State

taxes

other

142 832

that month

which

were

reversed

April

in

May,

1948

1948.

do

not

For compara¬
include
those

Century Ribbon Mills, Inc.—Earnings—

20

of

(Including Subsidiary, Century Factors,
Net

31,732

•Fed. income taxes

26,324

Net

$5,687,812

Earns,

1,707

18,732

37,469

$529,372

deductions-

155,524

Net income

$456,373

$4,261,818

1,730,412

1,485,272

$326,113

$373,848

Pfd. div. requirements™

$5,706,544

130,260

$3,976,132

$2,776,546

'

67,023

67,023

804,348

$259,090

$3 171 784

per

com.

$1,972,153

$0.15

$0.13

share

"-'•Including equivalent special'charges.—'V. 169,

^ssuance

($10

par),

The

stock,

,,

is

to

,,

be

a

an<*

registration
sale

,

.

of

'
p.

statement

25,240

$1.00

com.

50,000

$102,241

$96,256

$85,014

30,000

30,000

30,000

15,000

$0.30

$0.51

$0.48

shares

no

of

1949

par

1G8,

p.

'

,

-

Clark Equipment

following

establishments;

retail

22

Lit

as

p.

Lowenstein's
2311.

Co.—Earnings—

3 Mos. End. Mar. 31—

Total

1949

Interest

$126,457

46,347

27,392

$3,603,179

$3,308,088

$153,849

1,333,693

1,366,937

1,210,241

486,465

162,802

189,978

199,700

85,083

50.202

14,182

11,387

787,000

774,000

717,000

$1,279,941

selling

&

Discounts

1946

$3,261,741

48,293

$1,263,082

$669,760

1

income

Admin.

1947

$3,559,881

59,808

oper._

income

1948

$3,553,930

$3,613,738

fr.

profit

exps._

allowed

paid

sundry

&

expenses

Federal

income

for

Prov.

taxes—

Net

invent,

res

500,000

profit
dividends

22,408

22,407

22,407

237,616

178,212

178,212

$1,003,058

$469,141

"$618,318

527,587

475,232

237.616

237,616

$2.38

$2.61

$2.41

Nil

dividends

Surplus
of

out¬

common

par)
share—

(no

standing
Earns,

•$417,699

22,407
263,794

$993,740

Common

per

com.

•Deficit.

tAfter deduction of factory expense and provision for de¬

preciation.
Sales,

to the SEC,

reported

as

were

$16,829,904

in

the first

quarter

1949

as compared with $18,681,426 the same period a year ago.
The
quarter's profits were approximately 7.6% of sales in comparison
6.8% of sales the corresponding three months in 1948.

ASSETS—Cash in banks and

inventories,

$3,567,262;

(net)

securities

segregated

for

machinery,

Selling,

pro-

admin.

expenses

stock

1949

1948

$4,019,505

3,262,427

&

3,122,506

2,238,471

$864,336

S.

Government

(par

capital

surplus,;, $546,300;
earned
surplus,
$9,619,972;
purchased for and held in treasury (preferred—at par—
at cost of $108,660), $110,100; (and common—at.

shares,
169, p. 2311.

Common

(Dr)

$147,725),

$257,825;,,total,

$4.37V2

a

share

the plan

of

for

each

to issue

five

common

,

,

June
15 are given
the
cumulative preferred stock

shares

held.

Rights expire

right

to

(par $5)
June

30.

additional 60,000 shares of the preferred
preferred will have the

an

of the presently outstanding
subscribing to any portion of

holders

of

1

.

record

share of 5y2%

new

$36,073^892.—
^

stockholders

one

privelege

&

,,

capital

stock

Clary Multiplier Corp.—Rights—
)

,

shares acquired

cost—19,444
V.

t

t

payable

future inventory price decline, $1,000,000; 5% preferred
value $100), $1,902,700; common stock (par value $20),

possible

stock

$10,940,620;
1,101

.

and
payroll,
$2,363,548;
accrued
$324,807; reserve for Federal taxes on income, $3,633,770;
sinking fund debentures, due June 1, 1963, $6,000,000; reserve

Any

1,666,905

U.

etc.,

3V4%
for

gen.

(net)

total, $36,073,892.

$138,089;

stock,
1946

'

and

new

LIABILITIES—Accounts

Under

1947

$5,560,393

cash

plant
construction,
$4,000,000;
land,
(after reserve for depreciation and special
$11,580,445), $7,794,602; prepaid insurance and taxes,

of

amortization

etc.,

>
'

$5,329,235

1949

hand, $7,556,093; accounts receivable

on

$13,017,846;

etc.

purchase

|

Subs.)—Earnings—

(&

6 Mos. End. April 30—

common

operates the

Co.

Bros., Inc., has branches at Memphis, known
Service, Inc. and Lowenstein's "East."—V. 169,

taxes,

SHEET, MARCH 31, 1949 *

$35,000; common stock (200,000 shares
$2,000,000; surplus,, $1,696,137; total, $7,905,305.

tGross profit on sales™
SEC

1949.

&

tGross

(estimated),

value),
2116,

Chain Belt Co.

the

1,

Stores

Home

at

2526.

with

stein

$0.85

share™

the

issue

not

taken

by

stockholders.

shares

unsubscribed

Goodwin

$5

at

a

will

be

share.—V, 169,

offered
p.

thr®ugh Walston, Hoffman

2640.

,M

Profit

offered

for

before
income

provis.
taxes^_

First, Boston, Corp.,

^Up< to 2,«00 unsubscribed shares*

•

is

named

as

underwriter

to be 'offered to employees
^d^ directors of the company, and then to the Central Ohio
Retirement Security plan.
*
°
officers




Prov.

are

for est;

Prov;

jTh6

64,000

$1.00

to holders of the company's, ,126 200
shares ofcommon stock at the. rate of - one new share for
each five
chares'h«d of recprd at the .'close of business
Julv
l
iQ4q
Tho

amendment.

$135,014

68,000

$60,216

dividends

per

tax

come

—V.

Central Ohio Light & Power
Co.—Registers—
The company has filed

i

LIABILITIES—Notes
payable—banks, $1,100,000;. accounts payable
trade creditors, $209,879; due to factoring depts—manufacturers—
jobbers, $2,607,525; accrued wages, taxes and commission (estimated),
$70,771; Federal income tax—1948, $185,963; -provision for Federal in¬
of

Earnings

<

branch stores in White Plains, N. Y.; Garden City, Long Island; East
Orange and Morrlstown, N. J., and in Germantown, Pa. Maison Blanche
Co., operates branches at Cariollton and Gentilly, La., and B. Lowen¬

1946

to

804,393

$306,825

stock

com.

Jan.

CONSOLIDATED BALANCE SHEET, MARCH 31,

1947

$160,256

ASSETS—Cash in banks and on hand, $749,685; accounts
receivable,
$3,261,538; notes receivable, $650; cash surrender value life insurance,
$137,053; inventories, $2,255,409; treasury stock (820 shares) at cost,
$8,248; land, building, machinery and equipment (after reserve for de¬
preciation), $1,367,143; deferred assets, $125,579; total, $7,905,305.

$4,224,349

1,437

(net)

income

Balance for

35,000

income

Common

1,437,357

174,000

$2.67

.

Memphis; Lovemen, Joseph & Loeb, Birmingham; Kaufman Straus Co.,
Louisville; Richard Store Co., Miami; Wise, Smith & Co., Inc., Hartford,
Conn., and Oppenheim, Collins & Co., Inc., which conducts specialty
stores
in
New
York
City, Brooklyn, Philadelphia and 3uffalo, and

to

$170,241

.

333,776

$454,666

4,509,810

Brothers, Philadelphia; Swern & Co., Trenton, N. J.; R. H. White Corp.,
Boston; Maison Blanche Co., New Orleans; B. Lowenstein & Bros., Inc.,

Inc.)

1948

$95,216

CONSOLIDATED BALANCE

394,987
1,911,242

'$3.27

figures include operations of Wise, Smith & Co., *
18, 1948, and Swern & Co. (subsidiary of Lit Brothers)

buildings,

1,562,898

175,585

income

Int.,- etc.,

1949

.

taxes

Fed. income taxes (est.)

$527,935

Net operating income-

Gross

before

1949—12 Mos.—1948

1,645,448

•5,524,731

$0.66

first

than

income

Non-oper.

141,001

from

of

$1,457,336 $20,687,324 $18,693,509
661,345
11,047,835
11,135,129

718,535

municipal

1,106,623

•$0.73

above

Inc., from Aug.

Shares

and

Central Maine Power Co.—May Earnings Up—
1949—Month—1948

NOTE—The

$250,702

dividends

3 Mos. End. Mar. 31—

Period End. May 31-

-

$

*1,232,948

earnings
earnings per share-

Preferred

•In connection with the
preparation of certain reports as of April 30,
1948, certain final closing adjustments were made on the income state¬

June

$

profit of $435,475 from sale of a warehouse during three
months ended April 30,
1949.
tAfter all charges including minority
interest proportion and estimated taxes on income.

157,102

$39,340

_1

47,300

ment for

shares

1949—12 Mos.—1948

$

37,904,419 170,459,906 157,501,594

40,259,340

$407,804

on

special

purposes,
amounts used from
adjustments.—V. 169, p. 1787.

announced

.

.•Includes

304,489

tive

of

$144,774-

42,459,779

\

.

$840,893

income

Central Arizona Light & Power
Co.—Offering Closed
The First Boston Corp. and Blyth &
Co., Inc.,
the closing of subscription books on the
offering
$2.5o dividend preferred stock.—V. 169, p. 2639.

Net

Earnings—

any

2311.

$18,297

38,064,294

(& Subs.)—Earnings—

sales

Miscellaneous

421.740

Balance

13,

1949—4 Mos.—1948

$38,551
10,556,013

169, p. 2311.

City Stores Co.

to borrow

$525,196

under

June

on

Public

revenues

based

Net

the United

granted

course,

March

programs,

expenses

Preferred

that

Register

that

applicant

all

&

Taxes

take

to

by the corporation.

many patents in England and Canada which correspond
States
patents placed upon the Patent Office
and

Gross
Int.

it

outstanding

construction

offering in V.

has

resepect

and

operating income
Non-oper. income (net).

making

is

with

bonds

(see

Co.

Net

2,400 patents covering methods and proc¬
of textiles, plastics and chemicals.
By this

manufacture

corporation

licenses

stock

Electric

&

statement

Operating
Operating

approximately

for the

action
out

stock

common

current

recently filed a registration statement with
Exchange
Commission
covering
$5,000,000
par

and

p. 2534.)
Central Power & Light Co.

$1.62

for

Blancke, President, on June 13 announced that the company
placed upon the U. S. Patent Office Register of Patents Available

esses

$1.25

Period End. April 30—

providing

Harold

Licensing

$1.39

Central Vermont Public Service Corp.

To Grant Sub-Licenses—

for

$0.27

Oklahoma

bank borrowings of

stock dividends),

had

$0.29

meet

.

169,

$9,743,930

stock

outstanding

$9,078,061

shares of

ap¬

resigned..

F.

1949—Month—1948

•$378
9,451,333

.

™™

Period End. April 30—

City
$10,112,063

$2,500,0(0 from banks, which amount will be refunded by permanent
financing later in 1949. West Texas Utilities Co. io April, 1949, made

545,180

income—

on

u™

per

,

629,963

income

•Earnings

-

$10,577,587 $16,557,110

deductions

for

V.

190,373

■

.

income

Net

-

income

Gas

mortgage

$10,406,439 $16,366,737

171,148

'

,

Total

of

Co.

Securities

western

'

Other income

7,259,606

amount of preferred

2,080,335

4,455,837

expenses

the

35,203,563

2,839,782

;

$3,257,040 $15,691,148 $13,865,569
1,318,432
5,579,085
4,787,508

~$1,938,608

share.

com.

on

$13,765,111
100,458

$2,083,238

FINANCING—To

Service

$47,091,190 $57,352,379

goods

per

NEW

1948

'

Net

inc.

been

has

Lippert,

W.

Ry.—Earnings—

30—

__™„-™_™

Revenue passengers

tNet

Earnings—

1949—12 Mos.—1948

$3,251,734 $15,583,852
5,306
107,296

$3,511,820
1,428,582

™„„_

gross

C. Campbell

to succeed T.
Editor, George

,

bankruptcy.

1949.

1949

Depreciation
Belling, general and administrative
'

12,303

income

•Based

(Including Domestic Subsidiary Companies)
Three Months Ended March 31—

Cost

$3,499,517

Net Income

Celanese Corp. of
•

income.
(net)—

Deducts, from

—V. 169, p. 2311.

1949—3 Mos.—1948

,

succeeding T. L. Kane who continues.

Sullivan, Markets
Editor, and W. V. Packard, News Editor—V. 165, p. 204.
'
;

to

$15,605,231 $14,357,575 $63,111,333 $56,023,935
and taxes™
12,105,714
11,105,841
47,527,481
42,258,824

income

Gross
*

Room

completed

presented

revenues

Net operating
Other

780,440

$3,428,384

Operating
Oper. exps.

at

July 6

June 21 appointment of George T. Hook

on

publisher of "The Iron Age,"

Net

Period End. Mar. 31—

Gross

Equip. Issue—

on

(CDT>

Chilton Co.—Hook to Publish "Iron Age"—

!

Mahaffie

$5,560,513

$6,079,238
127,277

$628,214

revenues-

169, p. 2416.

noon

$
Net

*;

-

169, p. 2526. •

as

2415.

p.

'*

General Man-",

Chicago, for the purchase of $6,600,000 equip¬
ment trust certificates to be dated Aug. l, 1949.
Bidders at the sale"
are
invited to submit alternate proposals for-certificates maturing in
one to 10 years and for the same certificates maturing in from one to;

Cincinnati Street

completed

the

from

when

169,

be

voluntary

a

year

ICC.

—V.

requirements.

of

75%

holders vote, the railroad must certify the results
which will forward them to the the Federal District Court

Jersey,

of

dividend

preferred

been elected Vice-President and

has

security

within

$2,127,967 $27,389,089 $23,313,947
1,539,194
21,309,851
17,753,434

to

1939.

All

$1.14;

Daily News Bldg.,

The

committee

that these changes
security affected.

New

$1.69-,

outstanding at ends of respective,

Chicago & North Western Ry—Bids
The

15

provided
After

0,181,984.

Taylor and Mr. Geyer succeed to functions previously'
A.' T.
Lowmaster, Executive Vice-President,
retiring

Mr.

supervised

W.

to the ICC,

$0.63

shares

.

12,779,969

of the Cheasapeake district and Charles J. Geyer has been elected
System Vice-President in charge of maintenance of way and con¬

pointed

for

for

18,485,281
13,520,575

of

-

railroad

allowing

of

'6,010,286
8,554,187

-

ager

sions

each

$0.51

,

number

on

9,405,000
7,057,847

Two New Vice-Presidents Elected—

.

railroad and the ICC
tjiat these changes make the Jersey Central's
voluntary modification program acceptable to them. Under the provi¬
a

share.

com,

•Calculated

the previously approved plan, the Reading Co.,
company's securities, will not be eligible.to vote
or rejection.
Securities held in Central's own treasury

the

,

2,693,000
1,413,167
4,999,124

periods

127,029,2*1:

in-

exc.

income

-

"8

of

case

The

of

$

31,537,773 129,442,867

prof, tax
Other railway taxes™™
Net ry. oper. income-^.
come

of 2J>65

two

seven-year

this

additional

£n

of

&

1949—5 Mos.—1948

$

»

29,363,838

oper. revenues
U. S. and Canadian

ol

instead

shares

shares instead

new

first

the

.

of

,

1949—Month—1948
$

th^n previously proposed..

for

receive

which
of

as

payment

provided,

holder

Amendment

1,731,039

the

similarly Ineligible. so-called
"protective

are

Carolina Power & Light Co.—Earnings—
$2,359,253

the

on

$16,706,550

acceptance

on

since

'

stock

common

would

stock.

A

'

revenues
Total oper. rev. deducts.

new

certificates.

major

a

told stockholders they would realize "some¬
thing over $25 a share" from-the offer.
This settlement, he added,
is the best one possible in view of the fact that the company's power
plant has only a limited supply of water, which makes it "unattractive
as a hydro-electric enterprise."
Under the dissolution plan, Qufebec Hydro will pay off $2,519,700 of
5% first mortgage sinking fupd bonds maturing on July 1, 1949.
"In return, Quebec Hydro will receive the Immovable assets of Can¬
adian Light, including the St. Timothee plant and transmission lines,
and also $88,000 now held in trust for the bondholders.—V. 169, p, 2634.

Operating

the

holders

previously

As

the

assume

1949—Month—1948

1949

Ohio Ry.—May Earnings—

Chesapeake
Period End. May 31-

,

1400,

James Wilson, President,

Period End. April 30—

.

after nearly

class

dissolve

to

Hydro-Electric Com¬

to accept the offer of the Quebec
the company's obligations.

and

company

23

June

on

30,

(after deducting $2,406,250 of U. 8.
notes), $2,033,804; notes payable (not current), $2,700,000; stock-,
ownership (including $1,284,508 reserved for contingencies),
$15,459,050; total, $20,192,854.—V. 169, p. 1447.

voluntary

outstanding stock would be reduced
from $100 to $50 par value and would be designated as class B stock.
The proposed new common, also of $50 par, would be designated as

Voted—

Canadian Light & Power Co.—Sale
The

APRIL

LIABILITIES—Current liabilities

Ry.

holders would receive 1,72
recently authorized the

authorized

As

2100.

P.

SHEET,

marketable

reserve),

tax

of

first time
has publicly reported its quarterly earnings.—V. 169,
comparisons available, this being the

no

for

.

dividend requirements.

NOTE—There are

(less

receivable

amounting'to $2,386,650.,
'
Non-interest-bearing certificates for the remaining 4Va years' interest
amounting to $10,739,925 would be issued to the bondholders.
.However, the ICC provided that if the cash is available, additional
payments of accrued interest may be m-sde in place of equal amounts

$0.35

-

plan

structure.

company

amounting to
sion

after charges

per

bond

5.979, and 4%

';

Co.—Earnings—

EARNINGS' FOR THREB-MONTHS ENDED

.

revised

proposed

were

amount of

5%

back

Camden Forge

its financial

of

company's

the

by the road to satisfy common stock-;
the Issuance of 274,368 shares of new common
stock to bondholders under terms of the original plan.
This plan was
approved by the ICC on Feb. 28; ■
•
Under this plan, the effective date of modification would be July 1,
1949 instead of Jan. 1, 1949.
The holders of general mortgage 4%
and 5% bonds, who will be
asked to accept a reduction in interest rate
1o 3lU%,
will receive-

Privately—The company has placed privately $1,000,000 3%-% debentures due March 1, 1968. Proceeds will
provide funds to finance company's
gram.—V. 169, p. 1776.

approved

revisions

The

p. 2679.

California Water & Telephone Co.—Debentures

BALANCE

$3,210,757;

securities,
$1,241,950;
ac¬
$2,284,011; inventories, $6,104,776;
other current assets, $383,283; fixed assets (less reserve of $5,108,271),'
$6,701,619; patterns and drawings, $1; deferred charges and other
assets, $266,457; total, $20,192,854.

Giving Less Common
Accepts—

holders, who protested

'

r

has

ICC

modification

$712,500

$475,314

—

stock—

preferred

on

Balance
—V.

$674,766

199,452

income

Net

Dividends

CONSOLIDATED

ASSETS—Cash,

counts

holders'

Stock to Bondholders—Holders' Group

431,191

483>446

Deductions

Monday, June 27, 194£

♦

Central RR. Co. of New Jersey—ICC Allows Company
to Submit Plan—Permits Revision

Balance

CHRONICLE

funds

1949
$5,403,814
„

revenue

Operating

FINANCIAL

&

Net

California Water Service Co.—Earnings—
Twelve Mos. Ended April 30—

Maintenance

COMMERCIAL

THE

(2748)

for contingenciesI
i
-j;. i1. ■ *
•
.l.

'1 i

IC

-

Net

income

Earnings
♦Less,

per

inc.

taxe3

-^L-Li™

$2,066,$Q8
550,000
'

"T""~

.

$1,781,034

'$802,569

755,700 Crl,045,000

250,000

The
'

$1,141,887

$1,025,334

$242,431

$2.28

$2.35

$2.11

$0.50

depreciation.

Counties

;

SEC-

SEC

$1,110,808

share

'tAfter

$2,437,887,
1,046,000

Coast

series

B.

Proceeds

ments,

The
will

&

Electric

Co.

—

lt

company

covering

Gas

on

filed

June

17
shares

75,000
name

be

Registers With
,tn

_

of

used

etc.—V. 169, p.

the

to

($25

registration

par)

underwriter

Day

1559.

a

bank

loans,

statement

cumulative
will

if

be

any,

with

preferred

filed' bV

additions
-

the

stock,

amendment!

improved

Volume

169

.

Columbia

Number 4815

Gas

System;

THE

Inc.

Registers

$13,000,000

The holders

bentures

to

due

in

August,

The terms of

1974.

amendment.

the offering will be

due in

debentures,

Columbia Pictures Corp.

1974.—V.

—13 Weeks Ended—"
Mar. 26,

profit

•Earns,

per

Mar. 27, '48

5304,000

$130,000

$452,000

$855,000

share

$0.34

$0.08

$0.34

$0.96

com.

•The comparative

dividends

stock which

outstanding

on

outstanding

on

possible
will

calculated

outstanding

increased

the

on

of

amount

common

Co.—Weekly Output—

Electricity output of Commonwealth Edison
ended
a

excluding

June

year, ago.

four

weeks

Week

sales

showed

18

other

to

4.1%*

a

Ended—

June

18

June
June

4

% Change

1948

219,764,000

211,203,000

212,588,000
195,291,000

Exchange

209,218,000

+2.2

of

output
to

electric

show

taxes,

Reversal

of

Federal

operating

Other

income

to

consol.

Total gross

.

Oper.

Balance

Interest

611,360

$1,447,008
906,520

$529,154
226,229

dividends—C

$246^34

$317,366
18,000

$302,925
18,000

$299,366

$284,925

for

163, p.

Earns,

$1,116,315
587,160

$540,488
223,122

dividends

Balance

—V.

368

$1,079,287
tax)

divs. &

18,000

surplus.

-

$228,134

L.

Valenta

of

the

He

electricity for the week ended June 19, 1949, amounted to 204,000,000
kwh., compared with 190,900,000 kwh. for the corresponding week of

Has

last year,
'

of

feet,

the

to

preceding

great

a

1949

of

697,409

$567,786

$891,810

*$1,742,750

443,684

444,229

444,698

$2.70

$0.40

$1.12

Nil

under

The

temperature.

on

consideration

the

in

a

73

was

comparable

while

F.,

the

degrees

66

was

the

in

temperature

average

degrees

week

1948

"The

169,

Wholly-Owned

Co.

Fibre
and

Domestic

(&

Canadian

customers, less returns, allowances,
of sales, exclusive of depreciation

administrative

Selling,

and

1945

Crucible

3,644,896

3,665,513

347,680

;

for

Provision

Federal taxes

for

66,081

income

—

income

on

income

Net
Net

depreciation..

111,840

volume
with

$0.36

at

assets

March

31,

amounted

1949

to

Midland, Pa.,
future, will
with
a
full
line
or
special
stainless,
alloy and
strip products having innumerable manufacturing

June

on

for

the

The

first

Steel Corp.

a

year

sales

Net

Disct.

Total
Cost
.

$7,343,860

purchs.,

on

other

and

.

.

.;

■

$7,371,821

admin,

sales,

for

Fed.

•Reserve

inc.

6,718,844
123,315

26,611,679

135,315

tax.

505,501

Net

506,693

336,000

•

138,000

1,398,000

774,000

291,277

for

income

Net

Earns,

per

period

$203,086

$213,417

501,365

501,369

$0.41

$0.43

•Net adjustment

ASSETS—Cash

securities
(after

(at

banks

for

doubtful

inventories

$6,360,272;
and

additions

Net
—V.

S.

general

168,

p.

for

stock

of

future
serve

cost

total,

$14

price

shares

discounts

cost

of

$156,390),

other

$1,-

market,

or

securities

whichever is
for plant
machinery and

aside

set

total,

$18,-

$18,199,191+—V.

$708,723;

169,

stock

801. "

p.

appropriated

unappropriated

$150-,000;

held

in

-

The City Bank Farmers
pointed agent to purchase

of

common

"with

stock

of

the

distribution

.the

Trust
or

surplus

as

Co.,

New

York,

N.

50%

stock

issued

was

dividend

stockholders

to

of

in

v

ap¬

connection

24,

June

record, June 9,

1949.—V.; 169,

2312.

p.

>

Gold

Milled
Month—

March,

Dry Tons

Ozs.

62.44

12,303

5,228

1949__

1949

88.73

13,703

7,786

Cqpper

162.89
1

1949—

January,

March,
—V.

^

p.

2540.

f




*
-

$90,215

$98,538

5,564

17,980

23,452

$21,861

$72,235

$75,086

Certain

Experi¬

Zinc
Lbs.

this

•

losses.

The

mediately be

145,380

-

t

'

of this loss
during the

corporation

has

been

operating

are

only

now

re¬

corrected.
future

on

~

.

full

already taken should substantially reduce the rate
benefit

of

these' economies;

operating

in

results.'

however, will not im¬
Unavoidable costs in the

will
some

for

the changeover to increased
necessarily have an adverse effect on earn¬
months ahead."

prospects for profitable operations and satisfactory
dividends "are clearly encouraging," Mr. Shields declared.
Mr.
Shields, who was elected to the Office of Chairman as the
Chief Executive Officer of the Corporation, stated that selection of a
President
to
coordinate
the
manufacturing
operations
of
several

Gen.

ration
—V.

the

Edward

and

and

M.

to

U,

favorable

The

engineering

the

of

USAF (rVtired), has been appointed
Engineering.
General Powers will.co-

activities of

the

Wright

Aeronautical

Corpo¬

propeller and airplane divisions of Curtiss-Wright Corp.

169, p. 2527.

market

Commission

products as
fertilizers and

of

the

on

conditions

Ohio,

basis

and

offer such

to

of

one

to

the

chares

share

new

for

present
six

the

of

approval

to

each

common

shares

held.

offering

will be underwritten by a group of Investment bankers
by Morgan Stanley & Co. and W. E. Hutton & Co.
company's present construction
program
for the balance of

headed
The

and

for the years 1950, 1951, and 1952 entails a
presently esti¬
expenditure of approximately $40,000,000 and the proceeds from
offering of shares will be used to finance a portion of
program and to repay $5,000,000 cf short term bank loans
mat

mated

the

proposed

the

near

future.

Period End. Mar. 31—

'

INCOME

ACCOUNT

1949—3 Mos.—1948

v

.

i

,

1949—12 Mos.-r-1948

Gross revenue and other
income

$10,441,136

$9,537,335 $34,922,789 $30,834,302

Operation expenses:
Oper.
and
maint—5,817,992
for

5,578,114

21,038,837

594,129

537,134

2,148,970

18,669,192
1,995,303

826,936

628.871

2,736.646

2,123,002

974,900

914,040

2,735,560

2,629,940

$2,227,179

$1,879,175

$6,262,776

$5,416,865
782,276

depreciation

income)
Federal Income
Gross

Fixed

taxes.

income

charges

316,191

Pfd.

dividends

Net

937,824

$1,621,407

$5,324,952

164,067

164,067

656,268

$4,634,589
628,213

$1,746,921

$1,457,340

$4,668,684

$4,006,376

'

——

income

avail,

for

dividends.,

the

257,767

$1,910,988

Net ire. avail, for divs.

above

Income

operations

of

have

statements

the

been

prepared

so

as

to

and its subsidiaries, which
consisted of The Miami Development Co. whose principal function con¬
sisted of acquiring and holding real estate against iuture use in the
utility business of the company, and which was dissolved as of Dec. 30,
1948, and its assets distributed to the company; and the operations of
small

seven

company

utility

subsidiaries which were acquired in March, 1948,
Public Utilities Corp., and which were operated by the
separate utility companies until Sept. 30, 1948, when all
the utility plant, property, equipment and franchises were distributed
from

United

to

the

as

of

as

which

company,
date.

that

operate

As

the

assumed

of

Sept.

30,

utility companies and

as

utility operations and functions
these subsidiaries ceased to

1948,

inactive.—V.

became

169, p.

2527;

Decca Records, Inc.—New Agreement

Concluded With

British Firm—
R.
Rackmil, President, on June 21
announced that an
had been concluded with the Decca Record Co., Ltd. of
effective July 1, 1949, by which all previous arrangements
between the two companies have been terminated. Under th's agreement
Decca Records, Inc. has relinquished its rights to distribution and sale
of the products of the British company. Henceforth, the British com¬
pany will serve as exclusive agent in Great Britain for records re¬
leased by the American company under the Decca label on a minimum
guarantee basis,
and will have similar privileges in certain other
areas
on
a
non-exclusive basis. Decca Records,
Inc. will attend to
the distribution of Its own products elsewhere.—V. 169, p. 2208.
Milton

agreement

England,

The

will send out Invitations for bids about June 29 to be
first mort¬
1979, and 50,000 shares ($103 par) preferred stock.
Proceeds will be used to
finance part of the company's $17,000,000
construction program scheduled for this year.—V. 169, p. 2641.
company

considered

July 6 for .its planned offering of $10,000,000 of

due

bonds,

gage

Derby Oil Co.—Earnings—
1949

1948

$2,967,779
2,541,889

$3,068,253
2,252,754

Three Months Ended March 31—

Gross

and operating

income

Total

Income

...

—,

expenses—,—

$425,890

income

Operating
Other

!

income..

operating

Cost of sales

Net

No.

12,960

———_

...

Federal

income

for

of common

Earned

and

State

inc.

tax

period..

r—

*•'*,.*

BALANCE SHEET,

2,764
270,000

$288,288

$553,940
268,483

402,656

:

i—_

$826,703

130,000

(est.)

——

shares

share

per

11,206

-

$438,850

-

—

deductions
for

$815,499

•

20,562

income

Provision

'

$0.77

MARCH 31,

■

$1.33

1949
.
:>r v
J ASSETS—Cash in banks and on hand, $699,208; accounts receivable
(less
reserve
for doubtful accounts
$7,623), $1,009,296; inventories,
$2,261,081; capital stock of Sloan & Zook (a producing company),
$2,275,219; note receivable from officer, $15,865; fixed assets faftet
reserves
of $4,780,757 for depletion and depreciation), $4,465,912; de¬
ferred charges, $35,595; total, $10,762,177.
;
"V > "
<
..

LIABILITIES—Accounts payable—trade, $1,259,633; accrued liabili¬
provision for Federal and State income taxes, $689,029;
of long-term debt maturing within one year, $300,000; unse¬
cured notes payable to banks, $1,975,000; capital stock (par $8), $3,221,ties, $177,848;
portion
246;

capital surplus,

$329,085;

earned surplus,

$2,810,336,

total, $10,-

762,177.—V. 168, p. 2682.

•

Powers,

Director

well-known

agricultural

Etc.— -r— * 'u *
1943, has. been> electee} treas¬

Detroit Edison Co.—New Treasurer,

New Vice-President—
Maf.

such

is

stockholders

Curtiss-Wright Divisions was being deferred.

Vice-President

,

three

long-range

ordlnate

,

first

the

now

statements

102,820

..

for

sales

on

production schedules

116,860

263,240

while

cause,

reflected

196,840:

.

that

termination of unprofitable operations and

The

of

plastics,

some

initial steps

"The

manufacture

compounds,

were

be

earnings.
of

the

Delaware Power & Light Co.—Bids for Securities—

V.

Paul

17,

June

adverse effect on earnings. These must be
modified or eliminated to prevent drains

their
must

182,740

'

on

,

stockholders

told

Corp.,

9.633

12,852

stockholders

to

principal

6.924

1949

1949—

163,

17,544

Lead
Lbs.

>m'

Lbs.

-February,

Silver

Ozs.

4,150

1949

February,

$27,425

'

ings

Copper Canyon Mining Co.--Production Increased—

January,

4,253

Vaughan.

Guy

which

under

vealing

% shares

payable

The

Others

*

1949

$94,284

4,615

been discontinued. Hereafter, greater em¬
the engine production facilities of the Wright
of which are nnow engaged in the manu¬
facture, under sub-contracts, of components of a standard Jet engine
for which the military services have an immediate peed.
,
.
In
his
letter
to
stockholders Mr. Shields stated: Certain policies

re¬

been

has

Y.,

of

Aeronautical

surplus, $7,293,756;
(Dr), $3,314;

sell bearer scrip certificates, for

the

$85,600

Corp.—Discontinues

mailed

a
year, have
phasis will be placed

'

corporation" which

of

$25,776
1,649

2,739

dollars

treasury

i.H- <* ( ■"
: ,
'
' v
/;. •'
Cooper-Bessemer Corp.—Scrip Agent Appointed —

/•
'

$439,739
345,455

however, was the cost of experimental
projects previously undertaken.
Certain of'these projects,
involving expenditures of several million

(trade), $704,106; accrued wages,
$441,461; accrued State, local and other

common

ject

1949—12 Mos.—1948

quarter resulted in a substantial net loss ($759,864). Part
was
due to retroactive price decreases ($420,000)
adjusted

$6,210,617;

$19,611;

expenses,

payable

decline,

of

-

improved over the same period a year
ago
($27,513,797 as compared with $23,458,379 for 1st quarter 1948)
and the backlog of unfilled orders was Increased by some $19,000,000
since the beginning of the year ($146,000,000 on March 31, 1949 com¬
pared with $127,000,000 on Dec. 31,
1948), operations for the first

period.

contingencies,

255

•

$20,103

of the current year

months

receivable

$287,518; reserve for Federal income taxes, $939,462;
operating, compensation insurance, etc., $655,299; common
par value, $7,022,680; appropriated surplus as reserve for

inventory
for

of

'

2429.

Shields

Mr.

Government

'

commissions,

.'

.

$17,363

letter

a

to

laundry

Dayton Power & Light Co.—Registers With SEC—

Projects—Outlook Encouraging—

retirement

1949

S.

accounts

$851,309;

and

average

and

.,

Shields,
newly elected Chairman, outlined the initial policy being followed in
the
management
reorganization of
the corporation following
the
In

$2.23

taxes,

reserves

at

*.

161

income

mental

501,369

$3.22

$2,082,385; land, buildings,
for depreciation of $8,028,403),

premiums

LIABILITIES—Accounts
and

501.365"

SHEET, MARCH 31,

Government

reserve

...

salaries

$1,117,063

$1,614,819

hand, $1,342,473; U.

interest),

accounts

(valued

U.

betterments,

equipment (after
prepaid insurance
199,191.

and*on

cost plus accrued

reserve

332,524;
lower),

in

BALANCE

.

.

$419,145
333,545

deductions

a

others.

company

25,337,395

to bring inventories in line with market prices.

CONSOLIDATED

dollar sales
compared
results

year,

a

291,277

outstdg..
com. share

shrs.

pay¬

$108,123
82,351

$19,942

earnings

just

(& Subs.)—Earnings—

-

Curtiss-Wright
Common

fiscal

current

.

82,719

income

oper,

June 16.
is

materials,

contribute

include

usually

"While our

said;

the

1949—3 Mos.—1948

Nonoperating income

Income

conting,___

for

82,089

$7,193,576 $30,021,276 $27,735,156

6,406,143

•

locations

,

NOTE—The

$27,653,067

104,194

&

selling expense
Prov. for depreciation—
Prov.

23,489

near

dividend

the

omit

shows

$102,662

revenues

Oper. exps. and taxes
Net

income

of

$7,170,087 $29,917,082

27,961

the

quarterly dividend of $1.12% per share on the 4%% pre¬
stock, par $100, was declared, payable July 15 to holders of
July 5—V. 168, p. 2682.,

Operating

1949—12 Mos.—1948

int.

income

of

Thursday,

Company, June 17, filed with the SEC a registration statement cover¬
ing an additional 283,333 shares of common stock. It is planned, sub¬

376.

p.

Board,

ago

Cumberland Gas Corp.

1449.

p.

(& Subs.)—Earnings—

1949—3 Mos.—1948

the

of

months

six

period

Period End. Mar. 31—

Continental

169,

to

J

>•„

on
new

p.m.

and

Workhorse of the Davison products is silica gel. This
used in such widely-varied processes as the
production-.of
protective packaging for storage and shipment, and preve®H
tion of moisture damage in
refrigeration systems. Fendix, an aut0mo+
bile undercoating material, is another Davison
product.—V. 169, p. 2208.

the

at

in

usual

ferred
record

$0.-30

the

same

approximately

$5,150,000, of which $1,394,800 represented cash.—V. 169,

Period End. Mar. 31—

mills

strip

expected

voted

23

floors.

6

old

Taxes (other than Fed-

small increase, the
the company's meat divisions have not been satisfactory."

in

$275,211

share.:

per

current

field.

Chairman

Cudahy,

\

Net

Phila¬

of

Co.

Bank

financial

the

15 on the common stock. Quarterly distributions
share had been made up to and including April 15, 1949.

A.

199,750

$165,285

"

...

...

they

turing in

about July

or

tenth

at

the

the chemical

Insecticides,

this

'

is

applications."—V.

directors

on

and

began

between

industry. These include silica gel, silicofluorides,
fertilizers and fertilizer materials, ^sulfuric acid and asphalt
compounds. Although these chemicals are marketed as raw

Jr.,

of 15 cents per

$541,042

73,061

—

— -v

Total income
Provision

to Wm. P. -Snyder,

E.

325,874

Dr2,777

expenses.;.

I

(net)------

fabricating

The

able

$543,319

1,908

general

$343,278

$350,186

Operating profit

sharply

declining

began

Cudahy Packing Co.—Omits Common Dividend—

$4,535,206

~

Other income

steel

seventh

actually

distance

catalysts,

common

/

$4,340,854

etc.

terials to

P.

sales volume- than

larger

steel

Automobile

in

rolled

which

of

with

Baltimore's

Companies)

1849

Sales to

and

Subs.)—Earnings

Subsidiary

3 Months Ended March 31—

CoSt

for

the

firms

cold

and

the

on

job

the

COMPARATIVE

-

hot

completion

provide

Continental-Diamond
(Incl.

-

show

1949

of

other

f

new

Works,

high-carbon
*

*$1,742,750

recently elected to his first term as a
He is a Vice-President and director of
New York, N. Y., and of Group Securities,

director

its rehabilitation. It
which 25,000 will be

of

space,

compares

corporation's manufacturing, and research activities will remain
Curtis Bay plant.
now operates 10
manufacturing plants at strategic locations
throughout the nation. The corporation is a supplier of basic ma¬

$45,000,000 Plant Program—

operations.

average

F.—V.

Inc.,

a

several

This"

more
than three
city blocks, the shift wJl not be completed
early Sunday morning.
C-l, about 275 Davison executives and employees will begin work
Monday in the new building.
,

provement

2641,

p.

1946

Mr.
Snyder
stated
that
"the
company's
$45,000,000
plant
im¬
program
is
virtually completed
at
Crucible
plants in
Syracuse, N. Y., Harrison, N. J., and Pittsburgh, Pa.
The modernized
and improved facilities are of considerable benefit to the company's

783,500,000

to

828,000,000 cubic feet in the same week
decrease of 5.4%. Gas consumption depends

with

year,

extent

week

temperature

in the same week amounted

gas

compared

is

of

floor

of

in

necessary

until

Prov.

increase of 6.8%.

an

distribution

Local
cubic

distribution

local

that

Group,

also

and

was

company.

by Davison over three years
unable to occupy until now be¬

were

little

Subs.)—Earnings—
$1,589,219

'

orders

feet

corporation.

Director Elected—

Frank

of

announced

22

(&

375,860

new

but

materials

20,000 square feet
occupied in their former headquarters. Reception rooms

moving

;

Distributors

June

The

Although

purchased

was

of

square

the

located

$0.23

488,683

expected—but

New
director

on

be

larger

gasoline,

$943,646

1

building

50,000

by

material

during the latter part of the period, according

delphia

will

and

shortage

which Davison

1949

been

Inc.

about

$352,750

1,538,227

share.

the

occupied

1,498,906

1947

outstdg._

^

Chemical

Davison

permanent home,

a

of

$44,334

$3,252,542

taxes__

com.

has

The

20,

remodeled

12-story

for

cause

1,498,906

1948

—

shrs.

per

The
ago

$0.03

1949

'

Corp. opened for business in
quarters in the newly christened
Davison Chemical Building in Baltimore, Md. The general offices and
headquarters will occupy the upper six floors of the structure at
Charles and Fayette Streets, in the heart of the city's business district.
June

$2,186

$1,714,315

inc.

On

completely

1,498,906

•Loss.

376.

company

14,420

Cr600,000

Figures for the first quarter of
had

Consolidated Edison Co. of New York, Inc.—Output—
The

16,788

Chairman.

declared

com.

13.797

133,770

29,467

surplus

A'

}

Davison Moves Baltimore Offices—

many

earned

profit

Common

$1,116,778
464

$1,447,376

$467,927
221,793

before

Preferred

Net

capital charges___~
other charges

earnings__
(incl. Fed. inc.

and

Balance

<

1947

1943

'

873

before

*$186,575

168, p. 2682.

taxes

Hockley, President, on June 10 said that "the manufacture
silica gel dehydrating machinery; formerly handled by
Equipment Section, Engineering Division, of this corporation hfl$
been taken over by the Selas Corp. of America, Philadelphia."
"
industrial

the

Davison

$191,900

Crucible Steel Co. of America

Income

$1,080,160

—

expenses

*
-

1949

1947

conting

Quars. End. Mar. 31—
bef.

Chester F.

of

The

share...

per

Davison Chemical Corp.—Transfers Dehydrator Manu¬
facturing Activity to Philadelphia Firm—

In

80,890

tax__

5

(2749)

at

$99,340

outstanding

•Deficit.—V.

ef.ergy

Co.—Earnings

revenue

(Dr)

169,

1949.—V.

8,
'

1948

1949

income

for

reserve

shares

Earnings

Profit

Gross

Sept.

on

business

general

3 Months Ended March 31—-

business

etc

.

Connecticut River Power

of

.

of subsidiaries
conditions of
territory served for
ended June 16, 1949, amounted to 308,468,859 as compared with 302,015,958 for the corresponding week in
1948, an increase of 6,452,901 or 2.14%.—V. 169, p. 2641.
:
hour

adjusted
the week

close

16.264

for

Balance

kilowatt

the

at

profit before

Capital

corporation

date

event, such issuance
the 21st day after the record date.
any

.

Provision

169, p. 2641.

weekly

in

Adjustment of Federal taxes of prior
years
(net)

+3.1

213,723,000

this

and,

Interest, etc.

—0.3

201,433,000

The

date

Coty Inc. (& Subs.)—Earnings—

Commonwealth & Southern Corp.—Weekly Output—
of

record

than

3 Months Ended March 31—

Net

+4.1

211,900,000

——

May 28
—V.

utilities, for the
corresponding

the

over

1949

11

of such

Company and

electric

increase

the

later

no

2417.

p.

associated
week
week
Following are the kilowatt-hour output totals of the past
and percentage comparisons with 1948:

companies,

after

be

Curo

Edison

and acceptance

in

March 26, 1949 was 654,311 and the number of shares
March 27, 1948 was 638,352.—V. 169, p. 1664.

Commonwealth

shares

condition that in the event of an official announcement of an increase
the price of gold or of the return to a
free gold market, the rights
will automatically expire on the 12th
day after such official announce¬
ment.
The rights will be stricken from
dealings on the New York

The jnumber of shares

March 26, 1949.

on

additional share for each

one

The rights are exercisable at the office
of The Old National Bank of
Spokane. Wash.- until 3 p.m. (PST) on Sept. 13, 1949, subject to the

earnings per share of common stock after preferred

are

was

'49 Mar. 27, '48

stock, par value 5c, of record June 30, 1949,
rights to subscribe for an aggregate of 191,500 addi¬

common

required to be made in multiples of 100

—39 Weeks Ended—

Mar. 26, '49

taxes__

after

of

offered

additional subscriptions will be
subject to allotment in the event of
oversubscription.
The subscription price under the initial and the
suoplemental offerings has been established at 27 Va cents per share.
The subscription rights will be issued
to stockholders
as
soon
as

,

Period—

stock

2640.

p.

(& Subs.)—Estimated Earn¬

ings—
Net

169,

be

held, which offering will be
designated the "initial offering."
In addition, under a "supplemental
offering," the holders of said stock of record June 30, 1949, will be
offered the right to subscribe for as
many of the 191,500 shares as are
not
subscribed for under the "initial offering"
as
the holders may
desire.
Such subscriptions under the "supplemental offering" will be

Company proposes to use the proceeds of the sale of the debentures
for construction.
It already has sold 2,263,302 shares of common stock
$20,000,000 of 3%

CHRONICLE

FINANCIAL

tional shares of said stock in the ratio of
five shares
or
major fraction thereof

filed

:

-

and

to

are

June 23, filed with the SEC an application requesting
issue and sell at competitive bidding 513,000,000 of de¬

company

permission
by

&

Cornucopia Gold Min<5s, Spokane, Wash.—Rights—

of Debentures With SEC—
The

COMMERCIAL

.

-.rf

4

-

1

n

Arthur
urer

R:

to

S.

Albright; Controller,since

succeed

JLandrigan,

Controller.

pointed

Jobn ' Lv MacLeod

heretofore

Eldred

Assistant

Assistant

H.' Scoti
Controllers

.;;V'J

who died on May 23,1949.

and

Charles

t peeq. r appointed
Hubert, Mcjsaac. bave, )>^on ap¬
I,ouis C,." Proyenqher^as Assistant

and. ?.

Controller,has

.

.

v-

vv—

a

from

.*

Maintenance and repairs-*;

Approp.

to

retire.

Amortization

of

<deprec.)

reserve

and

franchise

estimated

taxes

inc.

Fed.

,

378,734

429,080
9,254,669
3,700,000

429,070
10,671,046
6,263,000

plant acquisition adjustments-—„
(other than income taxes)—
for

7,220,000
"

Taxes
Prov.

offering

8,240,603

tors

Operating

requested

Oct.

22,

of

shares

pursuant

15,473,725

Balance, income from utility oper.
income
,**_'

16,707,480

15,765,518

237,573

252,230

179,904

Gross corporate

income.

16,945,053

16,017,748

15,653,629

income*.

5,089,182

5,472,973

4,410,275

Other

The

company

Deductions

from

dividends

Cash

paid

8,395,483

declared-

or

bicycle Into

The

capital
income

per

of cap. stock

share

share

of

$1.03

paying

of June 15 the second and
the common stock. On Dec.

as

share

per

on

Bittner

He formerly was

immediately.

The

Vice-President-Purchases, effective
Director of Purchases.—V. 169, p. 1332.

elected

been

has

(& Subs.)—Earnings—

Distillers Corp.-Seagrams Ltd.

and

In
tax

mit
—V.

169,

Net sales/

of

Cost

1946

$3,618,648

$6,531,711

$4,556,999

$3,092,692

2,773,605

4,827,589

3,392,859

2,132,143

$845,043

$1,704,122

$1,164,140

$960,549

4,111

*

*

9,860

13,060

10,286

sold—

product

profit

Gross

Miscellaneous

income—

of

Electric

$849,154

$1,713,982

$1,177,201

400,640

408,984

341,174

tax—

179,406

495,899

317,690

Earnings

$269,108

$809,099

$518,337

$403,056

$1.79

$1.15

$0.89

share

per

$0.60-

Net earnings for the

,

to

$178,098

Sales

for

the

over

expanded
Net

second

the

first

quarter;

by 33%

working
of

SHEET,

APRIL

ASSETS—
Cash

in

and

and

notes

Inventories

Prepaid

(less

p.

$898,787

receivable

(less

,v 604,689

46,858

__L_:

expenses

surrender

value

value**

11

.

$4,505,969

$280,196
26,156

-

Accrued

wages

and

excise

and

tFetieral

income

Common
Earned

stock

other

expenses

withholding

Total

taxes

322,098

debt

$5,265,435

169,

Operating
Oper.

Gross

and

Deductions

17,838

16,127

12,246

34,035

$1,584,732

$1,356,114

$1,102,276

tNet

income

•From

$1,781,542

declared

sales

224,049

of

Net

taxable

as

fExcluding security profits and losses.
surplus arising from

$601,644

in

security

sales

in

it from

all

The

on

June

on

about

or

20

June

dividend at this time while

the

on

stock

1948 were
1

Dec.

30,

E. M.
Since

/

75

was

Jan.

share

per

and

1949.

report of March

31,

there

their

on

has

been

a

decline

in

part

■

K *s

*

this

per

While
am

we

no

confident

Dixon

of

and

one

we

are

built;

report

share;

confidence

serve

is

company

annual

$83

of

source

to industries

can

are.

and

poor,

strength, when business conditions
to know the firm foundation on which

financial

$135

an

per

unsurpassed

predict
on

strength, with
share, including

the

the
road

position

immediate
toward

a

in

assets

net
the

shown

as

quick

assets

products

future

with

bigger and

626,210

463,165

183,600

759,233

684,345

169,645

148,559

633,402

565,562

81,826

150,265

441,561

491,505

$402,265., $1,454,659

$1,365,921

(other

than

we

of

sell.

Chairman

and

*-^i*™"

taxes

Net

oper.

revenue

income

Cabaniss




I

r

1

•

t

>

'

(

i

■

(interest
<

sundry receipts )_

•

;

_„—

,'4

;

2,850'-1

•

'

•

2,379

9,830 :

' -

and

other

chgs.___

income—

169, p.

$26.10

State

minority

E.

U.

$953,487

$2.02

$2.17

$281,069

"

1668.

_i_

-

.

1949

_*'_*.

franchise

Federal

1948

$60,589

$59,285

S66!087

14,926
•
1,555

___"

and

income

Interest;

25,046

42,698

sundry

taxes__

"Net

•Before
.

The

,

;

;

profit

net

net

assets

on

were

per

dividend

share

$3

of

r'

«*

$3,609

64,388

84,871

securities.
"...
1
as of March 31, 1949 to $158.12 per

sale of

equivalent

convertible

stock and $15.89 per share of 20c divi¬
deducting preference in liquidation of
preferred stock and $5 per share of

preferred -stock, and accrued dividends,

stock.—V.

'

$26,309

63,937

share of $3 convertible pieferred
dend preferred stock ahd, after
$50

:

,,

stock

preferred

11~536

r

$42,482/

profit
on

2,249

5,231

226

_r_
"-•:

...

1947.

?

2,699

1,400

tax_____

__/

-

$16.98

'

169,

to $2.48 per share

5.

p.

Subs.)—Earnings—
Eversharp, Inc.—Annual Meeting Adjourned—

1949—12 Mos.—1948

$14,630,266

14,019,875

13,160,765

$123,388

$1,648,023
542,384

570,820

$180,108

$2,190,407

$2,040,320

32,974

The

$1,770,510

$147,135

Straus,

valid

77,652

.

24,773

$1,668,084

--

A

adjourned

was

until July

The

5.

at

II,

the

and

because

the

knowledge

over the validity of a stockholders'
and adjourned to June 23 lor lack of a quoruni.
neither the meeting nor the postponement was
session had
been convened without the manage¬

management

17

said
or

proper

169, p. 2313. * '

$1,556,902

.

committee

seeking

is

directors.

Seeks

Corp.—Group

Airplane

&

.

stockholders'

A

of

i

...

Fairchild. Engine

ASSOCIATES:

notice to stockholders—V.

,

22,342

interest

handed

is

21

ruled at Wilmington, Del:, that no busi-r
the company's annual meeting until a
down cn a stockholder's suit now pending.

transacted

management

ment's

77,652'

June

on

Delaware

of

meeting held May

$1,656,898

»

decision

court

Valley

___

meeting

Final
hearing on the suit, which asks that the originally scheduled
'meeting May 17 be declared valid, 'was held June 23.
•
rThe court action followed a dispute between Chairman Martin
L.

383,422

419,897.

annual

Chancery Court
ness* was to be

$1,469,501

56,720

Co.___

$183,493

$1,375,751
J .422,314

$903,262

s;

Equity Corporation—Earnings—

"$6,351,788

),765,856

•

$1,457,038
553,776

$405,115
136,198V- .j 124,046

$319,691

3 Months Ended March 31—

1,108,729

applic. to E. U. A.

income

as

shown above

$1,668,084). $1,556,902

259,478

proxies

to

elect a

;:t

.

new

'

board

•

•

$1,762,161

158,165

192,368

"//

—

opposition slate includes J. A. Allis, Albert L. Baker, L. M. W.;
Richard ;S. Boutelle, Charles H. , Colvin, E. Ainsworth Eyre,
M. Fairchild,
Arthur F. Flood, Grover Loening, William D.
Mclrltyre and Frank R. Nichols.
•
:
Mr. Boutelle,
a
Vice-President and -director, was relieved of his
position as General Manager of the Aircraft; Division -recently.^ by
Mr, Ward because he sided with the committee led by Mr. Fairchild/
Mr.
Flood:! was relieved of the post of Comptroller of the Aircraft
••-Division for the same reason/" 1
*
- :
•
1
?
/
The annual stockholders' meeting which has , been adjourned twice
Bolton,

' .•/•" 205,258

$1,927,563

_

,

•

taxes

and

interest—

_u':

,

;

'

$1,769,398

f

)

Sherman

>

$1,569,753 ■4

,

EARNINGS

OF

HOLDING

Expenses

and

ASSOCIATION

'

taxes___

Income

-

dividends

dividends

$1,535,247
1,371,298

p.

Operating
Oper,

exps,

and

118,433

_

j.57,911

'

Utility

oper.

income

Is now scheduled to be held on July 6.
sf-\
in the Aircraft
Division at Hagerstown, ;Md.,

support

.made public until June 22.
A
twentieth employee, who
•

'
Hagerstown

left

signed the statement.

•

Co.—Earnings—
1949—Month—1948

of "employees

1949—12 Mos.M-1948

$456,748

$419,996

$5,551,331

$4,995,362

330,206

306,599

4,161,527

3,722,992

taxes-

'did

not

1 group
'

such

income—

$126,542

$113,397

(net)____

1,074

4,553

$1,272,370

$1,389,805
.

26,333

■

,

,

40,248

of

it.

sign

that
rank

there
who

the

was

had

not

any

Income

income

deductions;

$127,617

$117,950

$1,416,138

$1,312,618

12,586

15,853

153,778

$1,262,360

$1,127,023

67,500

$102,097

requirements

67,500

applicable to
per

com,

share—381,994

—V, 169, p, 2418.

to

June

7,

substantial number of key employees of
Mr. Fairchild further said he had not
Hagerstown group.—V. 169, p. 2641.

by the

1949

—

*

1948

1947

$571,596

$385,720

$352,716

134,723

94,234

52.087

$436,873

profit
development and deprec.—

operating

Deferred

stock and

shares

surplus

$1,194,860

$291,486

$300,629

before

Net

profit

taxes

revenue

—

J

i

before

taxes

14,464

19,642

16,286

$451,337

$311,128

$316,915

14

______

taxes—

$2.77

i

90,000

84.000

$306,337.;,.

for

$221,128

$232,915

145,000

$1,059,523

$3.13

profit

Non-operating

Provision

.(

Balance

Earnings

subsequent
•

Falconbridge Nickel Mines Ltd.—Earnings—

Operating
$115,031

dividend

,

185,595

net

income

_

signed.

declaration

Quarters Ended March 31—
Gross
Gross

-

declared that there were a substantial number
rank equivalent to those signing the petition, who
This, in turn, brought a denial from the Rairchild

The -management

«instigated

.Other

quorum,

executives

their

ager, Contracts .Administrator; Director of Quality Control and-Chief
! Engineer. They, represent a total of 179 years of service with Fairchild.
Z
They issued "a statement backing Richard S/Boutelle. It originally
/was signed June 7 following Mr. Boutelle's discharge, but it was not

also

revenues

a

behind Sherman M. Fairchild.
v !
These executives include the Works Manager, Plant Operations Man-'

i .-.threw

,

2417.

169,

i.

paid

Period End. Apr. 30*

$1,563,538
1,371,300

paid.

Convertible

14,977

lack of

for

•••Nineteen

,.,177,390.

15,435;"

_____

Common

"

~

142,729

__

Interest

Net

ONLY

:'
1949 S' ' :': Cl948$1,721/703.;'$1,727,615

Pres.—

,

$3J9,68.7

_

'

and

$77,460,517

1,103,727

-

profitable

Cabaniss, formerly Executive Vice-president, has been elected
President, succeeding J, H. Schermerhorn who has been made Chair¬
man of the Board.—V;
168, p. 1041.
>
>

in¬

taxes)

Other

1,851,706

accuracy,' I

more

■

The

Net

Made

(&

$165,303

to

Preferred

'

79,902

206,865

1948

in

company.

Schermerhorn

818,541

269,016

misc.

and

'

5,345,719

stock——

requirements—Blackstone

El Paso Electric

replacement of inventories. In
some products, shelves of our customers
are quite
bare a fact which
will help our sales in the future.

-

940,456

/

-3,569,465

$161,145

de¬

of

2,302,082

distri¬

and

2,306,144

$18,227,407

$15,667,899

12 Months Ended April 30—
Total
income l.

Payments in

lowering of their production schedules

$6,691,121

650,370

Income

,

and June 30 and

further

stock_*

Balance

June 20, said in part:

on

$7,161,665

Management and corporate expenses

$202,337

—V.

Cabaniss, President,

withholding

a

11,

each;

/

$1,832,747

217,786

come

V \

1,174,850

Total

cents each.

mand by our customers, due to a

and

31, $1

i;

1949—12 Mos.—1948,

1949—3 Mos.—1948

$1,941,171

rev.

640,054

gross

Electric

Expenses,,

last distribution made

Jan.

on

March

2528.

p.

254,078

Taxes

'

took

9

169,

Mainb.-,and: repairs*"**1.

income

no
action on the dividend ordinarily
stating that "it is unwise to pay a
earnings do not justify such a declaration."

cents

follows:

as

75

'

•.

owned subsidiary, will sell/ all its
to Jensen Manufacturing'Co.,-a subsidiary

expenses—.:—

admin,

The

Earn, of subs,

30,

The March payment had also been passed. The

,

—•

41,192

from

Non-subsidiary

make distributions

such and to

Sell
•/{V

to

wholly

a

inventory

oper.

expenses

'*

1947

Dixon Crucible Co.—Again Omits Dividend

directors

payable

.

net

on

Inc.,

Corp.—Unit

Phonograph

Co., Chicago, 111.—V.

Proxies—

security profits in the form of dividends so as to relieve
substantially all Federal income taxes.—V. 169, p. 2417.

or

(Joseph)

;

.

in

&

'

Income

81,298,238

income-

to

$321,046

$4,200,160

' u.

Gen.,

.i)

6,122.797

1949—Month—1943

UTILITIES

As

as

■

,

1,120,754

EASTERN

,

the company to qualify

income and

-

$1,281,898

Applicable

1948,

pref.

preferred stock

net

div.

&

Applicable

profits

intention of
•of

grcss

bution

$860,470

tOf which $240,894 was charged

investments

of

.

5,681,246

preferred

taxes-

1,450,392

or on the $1,131,355 net unrealized appreciation
long as the present provisions relating to regulated
investment, companies are in the Internal Revenue Code, it is the

,

and

20c

distributions,

dividend

1946.

of Investments.

Radio

Muter

Production

.

241,806

NOTE—No provision has been made for Federal taxes
and

6%

$1,151,507
1,510,753

1,622,617

received

$4,960,626

Earnings per common share—

1949

prior

to 6%

on

income

Gas

*

and

Tctal

—V.

$10,874,583

204,606

$1,360,683

1,769,830

securities

$427,439

.

assets

The

Net

1,879,493

income

$2,011,554

$272,945

surplus.

Period End. Mar. 31-

"

not

$24,558,119
__

■___

income

1946

45,832

365,490

Empire District Electric Co.—Earnings—

always
alphabetical
alphabetical

is

*

_*_!*

Utilities Associates

oper.

$1,019,420
48,821

230,012

it

37,034

Utility

1947

_

reasons

Associates—Earnings

4'/a 7e

revenues

exps.

$1,298,036

______

$4,565,650

413,750

common

Speakers,

common

1948

—

tDividends

of

as

__*

p. 2312.

$1,568,605

__

Total
Expenses;

to

mechanical

taxes____

on

share

Eastern

1949

proceeds

$5,374,376

$461,918.

1989.

p.

Radio
fixed

will

operating

customers

April 30—

applicable

per

$1,966,349
27,367

dividends

633,387

1,720,461

34,479

Assets—
■

Electric

discount

require,

Preferred
i

utility

-

264,436

34,479

require.

Emerson

450,000

Inc.—Earnings—

Six Mos. End. April 30—
cash

15,000

Coast

income

income

Other income,

Dividend Shares,

Interest

electric

1,313,293

2,599,967

106,906

v

„

,

Period End. Apr. 30-

Income—cash

an

169.

•

122,379

.

income

and

Earned
—V.

771,129

$4,505,969

.

____

233,959

)

until

distributed.-':

been

having

assets

net

■.

for

Balance

for

reserve

111,081

$6,919,493

$307,424

divs. and
-V.

$18.75

was

Airlines,

consolidated

Dividend

3,213,890

;

102,960
$9,787,636

tax

for

Dividends

depreciation of $376,473 in 1949 and $294,325 in
1948.
tAfter deducting U. S. Treasury notes of $383,083 in 1949 and
$161,670 in 1948.—V. 169, p. 904.

•Net

East

Depreciation and depletion

■

87,384

450,000
3,304,249

;

share)

_

_

•After

1947,

30,

Dec,

-

Provision

142,205

42,388

4,087

$833,260

of

55,317

80,881

.___

taxe3____*_*__

(par value of $1 per

surplus

Total

*

is

Co.

of

Months Ended

12

$545,510

balances

General,

all

serving over

stock

Eastern Gas & Fuel

Net

credit

$6,608,416

18,517

div.

Balance

$5,265,435

payable—trade

Customers'

of

as

*

„.

LIABILITIES
Accounts

share

taxable

not,

was

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

Interest

Total

1

stock

common

each

for

Co.

possible

1,516,857
26,324

:

9,050

$9,684,676

$363,762

income
stock

Int.

34,872

1,407,669
29,182

reserve)

Patents—nominal

Electric

distributed

and

NOTE—For

1,999,452

1949

____

reserve)**

6,765

$829,173

deductions;- net

Total

1948
$1,083,240

388,328

1,735,144

'*

hand—

cn

insurance—cash

stock

Electric

and

1665.

30

•Property, plant and equipment
Life

Co.

Coast

Federal

the

determining

order.

,

banks

Accounts

Coast

common

...

BALANCE

498

$645,245

_

was

quarter,
.

Net

Pfd.

Inc.—Special Offering—A special
offering of 18,200 common shares (par $1) was made on
the New York Stock Exchange June 21 at $14.50 per,
share by Hornblower & Weeks, with a commission of ;
34 cents. The sale was completed in 47 minutes.—V. 169,

in April.

and an additional 25%

229

_

_

Federal income

amounted

assets

of the 1948 fiscal year.
liabilities by $147,066.
second

Service

discharged

Virginia

to $2,317,396 on April 30 and the
4.08, as compared with 2.77 at the close
Cash and U. S. Treasury Notes exceeded total
Inventories were reduced $448,100 during the

capital

current

East

in

$14,105,374
7,287,908

14,869,655

873,432

devel¬

income

Income

being, made at this time will exhaust the company's
wind up the affairs of
the company, all liabilities

will

Eastern

quarter totaled $2,040,537, an increase of 29%
With "sales on the upgrade, production was

March,

in

and

$1,703,124 $24,561,096

Depreciation

the first quarter.

.

356,635

-

$4,046,986

1949—12 Mos.—1948

1949—Month—1948

1,636 869

taxes—

income

Gross

in*'the State
of Aprjl 30, 1949.
Company, Since its distribu¬
tion as of Dec. 30, 1947, has regularly paid quarterly-dividends-at4the
annual rate of $1.20 per share.—V, 169, p. 2312.
,
•: '

1949 amounted
taxes, as com¬

second quarter ended April 30,
per share after provision for

with $91,010 or 20 cents per share for

pared

•ratio

cents

40

or

stockholders

gain, realized as a result of the two distributions
only to the extent of the cash received.

but

been

East

The

'

on

shares —

450,000 com.

Other

of the company and distribute its

the liquidation

common

Any

and

assets

of

profit

Net

$5,115,120

(

distribution

The

273,774
294,005

income

Pederal

the

stock of

Public

Co.

be taxable

$970,835

expenses

income

general

for

assist

common

share.

per

Adro., sell., adv., service
and

Court

to

Coast

having
Total

$479,518

by an

29,

subsequently sold. For the purpose of determining whether or not the
dividend paid as of June 15, 1949 is taxable, the Bureau of In¬
ternal Revenue ruled that the fair market value of the East Coast

1947

r.nd

Balance
;

cash

1948

1949

April 30—

$4,403,622

413,750

1,686,239

112,445,

$2,282,343

revenues

exps.

Exploration

income
situation with respect to the liquidation of the company, we sub¬
the following information. The first liquidating dividend of three

East

Corp.—Earnings—

Divco

6 Mos. End.

'1

*' '

assets.'

order

shares

1450.

p.

issued Sept.

Commission

District

remaining

$7,890,633 $29,615,570 $46,289,211

$9,762,216

-

*_

Period End. Apr. 30—

Oper.

order of the Securities
1947 and an order of the
District of Delaware under date of Sept.

for liquidation *vas approved

plan

possible to complete

1949—3 Mos.—1948
1949—9 Mos.—1948
Prolit aft. all oper. chgs. $16,453,216 $13,223,791 $50,701,570 $78,625,066
Inc. & exc. prof, taxes6,691,000
5,333,158
21,086,000
32,335,855
profit

$5,528,870

34,479

$358,837

Operating

39, 1947. The recent settlement with the Bureau of Internal Revenue of
and excess profits tax-returns of the
company and its subsidiaries for the years 1945 and
1947, makes it

Period End. Apr. 30—

Net

$513,997

$927,380

to stock¬

Woodcock, President, in a letter
said in substance:

Exchange

S.

U.

In United States Currency]

[Expressed

$393,316
34,479

income*:

;the consolidated Federal income

*

,

$6,478,252
\ 549,836
1,524,794

opment costs

Diamond Alkali Co.—New Vice-President—
E.

final- dis¬
30, 1947,

*

*

held.

was

Floyd W.

169, p. 2312.

W.

2,742,024

tax___*

Balance

•

dividend

liquidating

holders dated June 15, also
,

" 300,937

'

244,866

deductions—

income

requirements

$1.61

$1.51

$1.69

(based on 6,997,430 shares)
—V.

$9,957,134

202,680

$840,863

;

Preferred stock dividend

Co.—Pays Second and Final

of thiee shares of common stock of
East Coast Electric Co. for each East Coast Public Service Co. common

3,609,794

2,150,032

3,460,388

is

company

initial

an

construction

and

Net

working

for

8,932

$6,359,156
119,095

-

Liquidating Dividend in Cash—
tribution

retained

Balance

Federal

Net

19,066,.

-7,034

$920,493
$9,868,603
6,886'
i 88,530

$821,797

inc.

Total

168, p. 2423.

gasoline-powered bicycle.—V.

a

East Coast Public Service

11,243,354
7,633,560

10,544,775
8,394,743

11,855,871

income

Net

distribution

sale

380

_!__

income

Gross

organized in 1947 to engage in the manufacture,
of "Dynacycle Units," to be used to convert a

was

and

standard

.

6,815,449

233

devel¬

and

costs_.

Other income.

.

$13,183,531

14,106,237

924,574

Balance

would

statement

registration

said

to

$1,845,449 $23,981,875

"

1,663,329

opment

futile."

be

$2,485,360

____

»

1949—12 Mos —1948

deduc¬

oper.- rev.

Exploration,

which sale was not consummated (the inves¬
"Registrant believes that furtherrefforts>

1948,

stock

revenues

Earnings—

(& Subs.)

1949—Month—1948

tions

common

returned).

were

said

Total

with

September

100,000

funds

sell

to

last

of

effective

9,261,989
4,870,000

has

company

filed

ment

51,451,080

elec.

Period End. Mar. 31—

'

withdrawal of its registration state¬
the SEC and covering a proposed
stock
(80c part at $5 per
share through White & Co. of St. Louis.
'
'
According to the request, the company was able to sell only 100
shares of the stock
under the registration statement,
which became
The

96,896,131

126,268,049 110,891,887
72,808,658
63,409,514
10,968,796
10,513,106
8,420,000
7,820,000

utility operations

expenses

El Paso Natural Gas Co.

Deregis-

St. Louis—To

ter Stock—

$

$

$

Operating

1947

1948

1949

Co.,

Dynacycle Manufacturing

ACCOUNT

INCOME

CONSOLIDATED
*12 Months Ended April 30—
Cross earns,

Monday, June 27, 1949

THE COMMERCIAL & FINANCIAL CHRONICLE

(2750)

-V.

168,

p.

2683.

Volume 169

Number 4815

Fall River Gas Works

Operat.ng
Oper.

revenues

and

exps.

151,017

144,407

taxes—

1,639,940:

1,792,961

advertised

Minute

Net

income

$32,427

$8,120

$139,065

3,002

3,016

66,355

operating

$90,174

Maid

where

is joining Foremost

Foremost

brands

such

juice

orange

FINANCIAL

handles

the

CHRONICLE

the

Manager of

as

distribution

of

General Steel

many

and

U.

this

corporation.

District

Castings Corp.—Dividend Suit Dismissed

Judge

J.
Cul'.en Ganey at
Philadelphia, Pa., on,
suit by a stockholder of this
corporation to force
to pay off preferred dividend accumulations.
Ganey ruled the court has no authority to order a dividend
dismissed

Judge

declaration

member of the board of Directors

a

'

.

S.
21

a

the company

George B. Howell has been elected
of

7

'

June

Libby, McNeil & Libby products,.
Ballard's
clover leaf rolls.

'

78,463:

(2751)

as

Banker Added to Board—

.

Non-oper. income; net—

&

Frostmobile, Inc.,

division,

nationally

$1,730,114

$1,932,026

of

Baltimore

1949—12 Mos.—1948

$159,137

$176,834

_—

COMMERCIAL

President

Co.—Earnings—

1549—Month—1948

Period End. Apr. 30—

-

THE

-

-

pany's

-

-

it

because

board

12

lacks

jurisdiction

over

majority of

a

the

com¬

members.

*

Mr.
Gross

income

Deduct,

from

$205,420

1,511

48,700

$9,625

$156,720

$168,636

of

in¬

gross

Tampa,

..

14,043'

which

income

$30,628

169, p. 2313,

Family

Finance

Corp.

Int.

invest,

on

Wholly-Owned

(&

1949—3 Mos.—1948

income

oper.

$2,712,665

ctfs

34,308

$7,782,170

29,105

;

former

a

of

President

Net income from

124,548

This

■

105,817

$2,678,35V

$2,341,622

$7,657,622

loan

$6,589,495

1,529,577

1,344,462

4,515,866

4,008,068

$1,148,780

$997,160

$3,141,756

Gross

1,383

443

company

to

the

June

on

First

maturity

r

20,

National

date,

repaid,

Bank

according

of

$1,149,440

„

$998,543

$3,142,199

$2,583,567

160,819

568,839

420,499

Income- charges
Fed.

and

;

.

3 Mos. End. Mar. 31—
Net sales J
Finance"

G. 'Fox,

332,711
$499,013

$1,541,640

$1,321,866

47,899

132,951

147,5J7

318,207

976,956

842,453

1,031,720

836,204

divs.

(cash)

(cash)

divs.

(100%

43,717

-

326,899

—

in

income

sh.

com.

per

leasehold

$0.42

$0.47

improvements,

officer

CONSOLIDATED
ASSETS—Cash

contracts

miums,

fees

etc. ;

other

hand

on

$254,680;

(est.),
Federal

etc.,

$782,595;

$29,408;

$1,031,720;
income

$4,463,097),
stock

$6,594,546;

uncollected

instalment

payable,

accounts
and

of

Earns,
,

on

$12,039,682;

for

reserve

for

reserve

$57,074;

'3 Months Ended March 31—

•

dividends,

interest

income—".

Net

income

(excl. gain or loss on invest.)
on investments

net

gain

$1,745,591

$758,594

Dividends

27,275

NOTE—No

investment

I

Federal

income

company."—V.

taxes,

169,

123,380

124,710

303,989

297,398

120,915

as

to

-The

of

Be

Distributed to

stockholders

50,000

shares

46,085.8 shares
dividend
shares

into

5%

Food

of

607,978
$0.57

$136,705

stock

'stock

on

BALANCE

held.

Total

Costs

notes

cost,

receivable

$273,251;

Net

leased

preferred

Net

from

Net

income

Earnings

available

per

to

the

806,350

former
which

Westvaco

shown for

Paul L. Davies.

President,

Smith

Co.

order

the

to

Billings of

the

not include

September of

latter

should

be

the operations of
Co.

Chemical

The

;

.

-

and

Stckes

sion

for

for
one

Smith

&

Federal

Federal
year

Co.

income

and

Stokes

to
&

due to

ago

easier

tant items produced by

Export sales

"

taxes.
Earnings for the cor¬
exclusive of Westvaco Chemical Corp.

earnings amounted

to

taxes.

new
McAllen,
formally opened

$1,686,823
-

calendar

after

$45,107

June

15

$0.04

as

Director

of

by

This

corporation

according

to

President.

Tuell

receipts of

daily

augments
in

resigned

of

1666.

Purchases
v.

the

SEC

as

investment

an

will

supervised

be

advisory

the yield
This

owned

provi¬

board

considered

Orr

is

Associates,

Co.

and

In

,

On

said.

Co.

5.000.000

with

rights

Division
»

of

on

operates

pounds

of

Co.
16,

cheese

a

milk.

of

by

Columbia,
Paul

and

"This

milk

Tenn.,

E.

Reinhold,
plant with

acquisition

not

onlv

supply

the
a

F.

cheese

making

process

which

states

June

and

the

District

21,

Mr. Reinhold
the business of

wholesaler of frozen

been

doing

an

annual

at

a

to

L.

Frostmobile,

foods

in

business

the
of




for

be

in

of

and

and

Mr.

The

Inc.; of
Baltimore

Dairies, Inc.,
Baltimore, Md., a
area.

City

Orr

State

the

of

Ala.
building

as

and

costs

most

and

day.
Rust Engineering

the

by

general

a

business

conditions

Co., of
permit,

second Macon plant to produce salad dressing,

a

line

margarine

built

was

cooking

famous

one

ready-to-serve
plant

oils.

Later,
the third
factory
will make
top-quality paints, varnishes, lacquers and

of

enamels.

,

completed,

factories

the Macon plants will bring to 35 the number of
operates in strategic centers from Long Island to

Glidden

Line;

naval

paint

a

N.

in

stores

division
and

C.:

plants

plant

in

are

In

ej^ht located below the Mason-

Jacksonville,

Fla.,

Orleans;

New

ilmenite

Growth

Products, Inc.,
169, p. 1333.

Macon.—V.

Great Northern Paper

an

Pascagoula,

and

Valdosta,
mine

Miss.,

near

and> the

wholly-owned

subsidiaries)
1949

1948

$2,081,142

63,729

$2,152,347

$1,398,489

800,000

;

$1,334,760

71,205

.

(net)

before

Provision

Federal

-

Co.—Earnings—

3 Months Ended March 31—•

income

for estimated Federal

Net profit

taxes
taxes;

income

for the period.—:

Consolidated

earned

the.

under

company

by its directors,
adviser, Colonial

investment

529,600

$1,352,347

surplus, Jan.

1—1

$868,889

20,479,889

-

Total

Cash

will

note

Nielson

the

company

director of

trustee

18,919,395

of

on

June

16

,

of

pulpwood

and

member

a

Consolidated
Earns,
'

inventories

of

re¬

involun¬

L

50,000

*

50,000

per

Earns,

per

earned

before

sh.

sh.

after

surplus, March 31
'.
$21,283,496 $19,239,544
deducting appropriations
$1.36
$0.87
deducting appropriations
$1.31
$0.82

NOTE—The $50,000 appropriation for contingencies which was made
during the first quarter of 1948 has been omitted since the appropria¬
tion

not

was

required

and

was

cancelled

at

the

close

of

the

year,—

V.. 169, p. 377.

per

Bond

Investment

Trust

169,

consultant

the

and

to

in

the

investment
advise

on

and

gas

adviser
trends

and

Oper.

Life

filed

the

company

Assurance

a

1949—Month—1948

1948—12 Mos.—1948

$423,834
309,091

$4,912,004

339,260

3,773,480

4,136,029

$114,743

$128,536

$1,138,524

$1,389,010

15,759

210,587

196,839

$101,124

$112,777

$927,937

5,513

5,513

66,156

$1,192,171
66,15ft

$95,611

taxes—

$467,796

13,619

and

expR,

letter

include

$107,264

$861,781

$1,126,015

$5,525,039

*

income

Interest

and

ductions;

v.

other

de¬

net

Net

income

pfd,

on

stock

Franz

Co.

of

Gross

Dividends

•

of

Earnings—

revenue

on

Balance

-V.

169,

-

23}4.

p.

Gulf

States

Utilities

Period End. Apr. 30—

Operating revenues

notification

with

the

Wyo.

Oper.

Net
Other

oper.

$1,897,671

1949—12 Mos.—1948

$1,723,880 $23,357,107 $20,546,618

1,464,215

1,372,546

17,772,039

15,621,381

$433,456

$351,334

$5,585,068

$4,925,231

3,744

1,962

22,576

15,048

—

$437,200

$353,296

$5,607,644

$4,910,183

deduc.

67,207

54,866

830,252

718,564

$369,993

$298,430

$4,777,392

$4,191,620

753,000

611,750

revenues-

income

Co.—Earnings—

1949—Month—1948

& taxes

exps.

Corp.—Earnings—

Net

2 949—3 Mos.—1943

share_

1333.

Balance

Interest

charges and taxes.

p.

Gross

of

1949—6 Mos.—1948

$146,369
com.

Gulf Power Co.—

the

of

of 6%
cumulative first preferred to be offered
Underwriter, The First Trust Co. of Lincoln, Neb.
to
pay
off $250,000 on a $1,000,000 prom¬
by corporation to its sole stockholder, Glenn E.

profit

The

cost

(net)

used

owed

Cody,

General

'Frostmobile

excess

tarily liquidated in prior years

$128,885

$317,337

$0.18

$0.46

-

other

income

—

$261,638

$0.21

—

&

$0.37

tAfter preferred
"

dividend requirements.—

Preferred

dividend

Applicable

to

Common shares

i

...

requirements

common stock
outstanding

Earnings per share

about

$21,832,236 $19,788,284
498,740
498,740

share—.

per

estimated

Feriod End. Apr. 30—

shares
be

Period End. Mar. 31—

tEarns.

V.

paid, $0.50
for

Railway and Light Securi¬

The

of

directors

Mutual

General Phoenix
•Net

dividends

Appropriation

this category.

Steel Works, Incv Omaha, Neb.—Filing—

share.

per

•After

Foremost

soon

Profit

director of The First Boston Corp., Standard Accident

a

to

2,500

$100

issory

Columbia.
that

Ga.,

Operating profit

general partner of Colonial Investment & Manage¬

President

company

Proceeds

increases

$500,000, Mr. Reinhold
a 10-year lease on
a newly completed
warehouse especially
for handling frozen food distribution. Bernard
Mayer, former

It has

designed

of

announced

Foods "

22 announced that the Durkee Famous

Macon,

f'

"

-

administered

its

and Pitney-Bowes, Inc.
Davis, geologist, engineer and
industry, has been retained by

of

Gate

of dairy products"; Mr. > Reinhold stated
acquisition, "but also provides Foremost with

patented

As

Dixon

this

Co.

addition

President

approximately 14% and reduces the aging period by 50%."

acquired

leading
has

Dairy

Dairy
June

at

u..

.

June

on

,

Schneider; Executive Vice-President of Newmont Mining Corp.; Henry
A. Wood, Jr., Boston
trustee, and Sherwin C. Badger, an officer of New
England Mutual Life Insurance Co.
Members of the advisory board
include Thomas D. Cabot, Treasurer of
Godfrey L. Cabot, Inc., and a
director of United Fruit Co.; Horace S.
Ford, Treasurer of Massachu¬
setts
Institute of Technology,
and J. P. Sedgwick, Financial Vice-

SEC

Tuell
made

/."""

.

Durkee

placement
and
and

aspects of the gas industry
developments within the industry.

The

acquired

;

Glidden plans to build

three

of

j

Co., Cleveland, Ohio—New Margarine

Associates.

President

President

He is

E.

petroleum

are slightly lower than one
developing in several impor¬

brings to five the number of plants or stations in Tennessee
by Foremost Dairies, Inc., which operates in 15 southern and

eastern

has

has

-

shares.

Management

Mr. Orr, is

Ralph

Inc.—Acquires Tennessee and Mary¬

announcement

Foremost's

connection

exclusive

,

an

'

plant

new

When

Fisher,

F.

*

.

been

j

.

.

yellow, quartered,

Ga.;

Purchases

,

.

has

Curb

v

Glidden's
,

lia¬

current

Edward

$0.85

<-

sale of equip*

on

,

.

corporation

...

company

The

$2,673

Appointment—

on

of

are

H.

Insurance

land Dairy Firms—
;

,

this

of

Glidden

shortening

4

Foremost Dairies,

of

'

,

$95,341, or $1.27 per
against $1.31 per share

been named Director

has

announced

technical

plant of the Packing Equipment
April 20, 1949.—V. 169, p. 1882.

stock

$0.53

profit

•

modern, efficient
and sanitary food processing plants in the
world, has been completed.
In the new plant.-first of three
manufacturing units to be erected in
Macon by this
company, Durkee will be able to produce 70,000 pounds

to

1918,

year

$0.19

;

*

California. Included in the number

offering

&

gas

America.

,

Texas,
on

amounted

Nil

$243,095 non-recurring

-

$11,370,727 $10,431,325
4405,516
653,637

various

board.

„

as

-The

the

ties

materially down, compared with one year ago.
of March 31, 1949, amounted to
$9,373,000 as com¬
pared with $15,259,000 a year ago.
Unlilled orders on Dec. 31, 1948,
amounted to $10,650,000.
was

The

types of securities in the gas industry and related fields. It is intended,
however, .that emphasis will be placed on equities in the natural gas
The portfolio may also include securities of companies whose
operations and earnings are dependent on or based on developments

ment

•

supply conditions
this division.

2314.

p.

margarine

1948

Dec.

169, p.

by. its

-James

are

Unfilled orders

;'i

income taxes

taxes

147,817

admitted to the
Exchange and trading began on June 20.
- ,
The
company has
outstanding 767,500 shares owned by approxi¬
mately 4,000 shareholders residing in 41 states. The shares have been '
listed on the Detroit Stock Exchange for a number of
years.—V. 169,

Plant—

%

at

with

Fund

natural

Sales- in the Westvaco Chemical Division

4

year

1949

1949—9 Mos.—1948

$3,767,593

•68,771

Curb—

on

capital

(The)

phases of the gas industry. Securities of oil companies,
gas
equipment manufacturers, chemical companies and other enter¬
prises expected to benefit to a substantial extent from the use of

income

ago,

2,676,064

$3,475,084

and

According to the prospectus, the Investment policy of the company
is? founded upon the increasing importance of natural gas as a source
of fuel and energy.
The assets of the Fund mav be invested in all

in

(Earnings for the quarter ended March 31, 1949, amounted to $1,316,751 after provision
responding quarter

'

(100%

industry.

.

with billings of $16,656,774

compared

in

i

Division

2,676,064

$5,013,118

1949—3 Mos.—1948

(Including

public

assisted

both

that year.

deducted, leaving billings of $14,252,032 in

the quarter ended March 31, 1949,
the first quarter of 1948.

the

recently

Co.—V.

Investment

in the billings figures amounted to $7,079,959.
In
billings with the corresponding quarter one year ago,

amount

(50%

Inc.

investments. 1

$0.60

was

Strong

initial

May 16 said in part:

on

Westvaco

and

i

•

list of the New York

Company Act of 1940, the company proposes to offer pub¬
660,000 shares of common stock (par $1), through an under-

licly

included

compare

Sales,

consolidated

not

{Includes

-

•

Listed

writing group headed by White, Weld & Co. Gas Industries Fund, Inc.,
will become an open-end investment company upon completion of the

$1.22

1 Billings to custcmeis for quarter ended March 31, 1949 amounted
$21,331,991,

Trailer

accounts

,

Federal

Strong

it

Registered

$1,629,948

$0.55

the Stokes & Smith

nor

acquired in

were

223,005
$511,166

Investment

56,875

$1,148,271

1948 do

Chemical Corp.

companies

223,005

$4,361,409

loss.

The

of"., this company, which will operate as a specialty
investing in securities
of companies, identified
with
the. gas
industry, was announced June 22. It is the first investment company
iormed to specialize in this industry.

$1,686,823

168,480

■

$6,151,148

fund

$2,719,699
1,032,876

stock

$7,689,182

Gas Industries Fund, Inc.—Registers 660,000 Shares of

13,937,045

$2,123,101

common

43,029

$734,171

169, p. 2419.

ment.'

Organization

taxes.

shares

common

37,908

$684,623

—

•Net

thereto.

Common Stock—To Specialize in Gas Securities—

1,094,654

'

110,971

17,846

stock

Other income

2641.

1948

$1,316,751

NOTE—The amounts

of

p.

1,082,831

—_

9,717

2,313
$907,628

President.

Jacobs

$15,562,090

dividends —„—i—2

M.

convertible

be

taxes.—-—i.

income

after

corporation,
Mr.

ten

$21,331,991 $16,656,744

—

income

Fruehauf

miscellaneous

share

per

profit

Current'assets

stock

a

each

19,208,890

Federal

$0.52

applicable

4%

$148,263;

.Clarence

(& Subs.)—-Earns.

(net)_—

Federal

income

Preferred

as

116,60*?

324,009

9,965

debt(CD-

profit after taxes—
Earnings per share

297,836

$1.33

taxes

Sales

SHEET, MARCH 31, 1949

"Gar Wood Industries, Inc.—New

issiii.

See also V.: 169,

processes..-

__

before

for

and

357,670

3,704,831
$9,673,260
3,681,749

$11,590,057
4,049,755

(Cr)

pfd.

on

Lenoir,

which >

1949

•

>

of

for

will

$1,030,617

dlsct.,

exp.

expenses,

share, for
for the year 1947.

new

a

$20,

stock

The preferred:slock

machinery

expenses

income

Provision

of

par

1,831,000
4,967,554

150,000

(4,134,064

Net

plant
and
equipment
(after
depreciation
$5,853,270),' $16,826,095; total,' $75,961,349.

of

common

"regulated

a

$20,249,160

income

and

137,513

stockholders

common

of

Machinery & Chemcial Corp.

from

Net

55,023

Stockholders—
stock,

(net)

Income

as

authorization

preferred

"Quarter Ending March 31—
Sales

income

•

fund

Earnings

$227,300

,

New Preferred Stock

share for share basis.

a

$1.54

Federal

31, 4918 totaled $310,952, while
bilities amounted to $96,347.—V. 166,
p. 2310.

Common

share

one

files

company

approved

convertible

basis

common

common

23

-

10,492

222,571

—

to be distributed to

are

the

on

of

June

on

of

*

•

'Quarter Ended March 31—

1333.

p.

Flour Mills of America, Inc.

Issue

$225,841

a———————;

1,800,000
(5,659,500

$60,849,414

Gerity-Michigan Corp.—Earnings—

Fry Products, Inc.—Quarterly Earnings Higher—

$254,575

——_

875,808

income-

Cr410,119

Net earnings after charges and

Realized

and

•Loss.—V.

preferred stock
(bar value $100 per share),
$12,063,500;
common
stock
(par
value
$1
per.
sha,re), $1,215,956;
capital paid in" by stockholders in excess of par value of capital stock,
$11,038,592; earnings retained for use in the business, $19,429,373; *
total, $75,961,349.—V. 169, p. 1779.

1948

;

$261,318
35,477

other

150,000
1,073,920

$1,253,020

debt

of

Birmingham,
1949

v

and

34,993,968
5,678,800*

(
J

taxes

deducts.

Divs.

payable to banks, $7,000,000; accounts payable
$6,531,293; Federal taxes on income, $3,534,372;
debentures, 3%, due Aug. 1, 1966 (including $400,000
sinking fund payment due July 31, 1949), $15,000,000; deferred finance

.

Cash

$2,000,517

share—,

com.

accrued

revenue,

Fidelity Fund, Inc.—Earnings—

■

469,700

37,821,549
5,904,100

acqui¬

long-term

on

1949—12 Mos.—1948

$66,909,272

2,869,744

income

Other

LIABILITIES—Notes

.

$6

$5,395,870

adjustments

33,361

•

deducting

in .and

sinking

par

.

*

per

amortization

prefer¬

of

540,000

taxes

36,132

$118,256;property,

and

$5,850,000

468,198

income-

dividends

owned—at

value), $3,832,550; common stock ($i par value),
$1,507,080;-paid-in surplus, $3,115,498; e'arned surplus, $2,777,131; total,
$56,330,115.—V. 169, p. 1881.
7
($50

63,646

136,041
1,069,880

owned)-r $3,363,574;-investments in subsidiaries

redemption—contra—

contingencies,

52,349
144,580
974,761

dividends—•-

:

tAfter

ment

of

shares

2209.

p.

2,840,987

Balance

146,118

CONSOLIDATED

accrued liabilities, $69,925; 15-year 3Vz%
notes, due Sept. 1, 1962, $6,000,000; invest¬
(less

plant

income

prem.

ASSETS—Cash, $4,523,411; notes and accounts receivable (less pro¬
for doubtful notes and
accounts), $15,822,283; inventories, $34,,557,889; prepaid taxes, insurance and other
expenses, $476,590; invest¬

and State social security taxes, $20,-'
withheld, $5,134;.;. interest on debentures,

issued—contra

of

Amort.

visions

employee
income—current

100,000

169,

"$5,857,928

depreciation

Net

493>418

.

income___

on

profit

pre¬

$1,712,291),

$198,471;

tax.es

State

for

sition

Int.

13,119,280

$808,018

expense—

Common

notes

unearned

or

debts

bad

for

42,478

—_

Preferred

1949

dividends

pay

Steel's

1948.—V.

1949—Month—1948

revenue

Gross

55,389

21,140,270

to

General
and

explained.

John S. Kroese of New York,
preferred stock.
Mr. Kroese

by

Steel

company

on

1929

Period End. Mar. 31—

Federal

taxes

sinking fund

ment certificates

ence

bank,

reserve

Federal

miscellaneous

subordinated

27,873

17,634,813

between

1946

notes

taxes

Net

31.

MARCH

doubtful

17,792,891

the

accumulated

stock

General

$19,282,923 $20,396,901 $24,155,428 $14,415,555

exps.

tNon-recurring

•*

.

miscellaneous

accounts,

050;

of

SHEET,

in

and

Fed.

payable,$24,240,000;.. dividends payable (paid
$370,616; Federal and State taxes on income—prior

1, .1949),
$253,181;

year

13,513"

brought

General

requiring

have

Federal

sell.,

gen.

,

Interest

$1.10

'

value), $492,609; deferred charges, $681,355;
total, $56,330,115.
"
:" '

LIABILITIES—Notes

.

April
year,
thrift

and

bonus.

serv.ce

($1,701,982;

discounts

$1.29

(depreciated

assets,

41,917

of

limits

accts., less recov-

notes receivable
(investment certificates)—contra
(alter
liquidation—contra—of $4,463,097), - $12,039,682; furniture■>

lor

fixtures

*

1947

suit

a

Operating expenses.
Prov.

168,

and

sold, and
and

veries

tlncluding provisions for
fixtures, amortization of

and

and

s

BALANCE

receivable

and

$36,267,243;
reserve

and

»

(& Subs.)—Earnings—

'

__i

products

for

and

;

'Interest, fees, discounts, premiums,
bad
debts, depreciation of furniture

of

service

Prov.

—526,134

Earnings

Gross

$19,119,612 $20,206,051 $24,042,367 $14,319,895
121,394
177,337"
85,188
40,281

—

admin,

:•

•

stock)

and

,

decree

a

says

preferred

cn

shares

territorial

Georgia Power Co.—Earnings—

President.—V.

1948

was

120

of

Period End. April 30—

'

1949

revenue

Total

$558,255

.

divs.

Common

he

$1,500,000

a

ruling

asked

Chicago, -23 months in advance of

'

,

,

Cost

Common

His

holder

Amort,

i

Other

376,131

income

Preference

Ass'n.

income

State

taxes

Net

Bankers

refinancing,

without

Frank

to

Fruehauf Trailer Co.

2,142

215,054

income

Florida

150.

p.

$2,581,427

660

oper.

income

of

Savings & Trust Co.

also of Micro Recording Co. (manufacturing a machine
the voltage- of brain waves).
He is a director of

,

Other

First

Only three of the board members live within the
of the Eastern District of
Pennsylvania, Judge Ganey

(Peter) Fox Brewing Co.—Repays Bank Loan—

*

$6,695,312

the

Operating income
{Operating expenses

and

Chairman

Subs.)—

1949—9 Mos.—1948

$2,370,727

Florida,

and

Air Lines, Tampa
Shipbuilding Co., Ft. Myers & Southern RR.,
Dry Ging.erale of Florida, Electronic Tube Corp. and BroCorp.—V. 169, p. 2642.
-

Canada

quinda

Peri )d End. Mar. 31—

•Gross

$154,593

.

President

measures

Eastern
Net

—V.

is

is President

He

4,801

net

come;

$11,136

$35,429

—

Howell

Public

Utilities Corp.—Weekly

Output—

electric output of this company for the week: ended June
17,
amounted
to
110.233,886 kwh., a decrease of
1,221,981
kwh.,
1.1%, from the corresponding week of last year.—V. 169, p. 2642.

Definitive Bonds
Temporary

1949

changed

or

Co.,

for

—

—

...

Ready-*,

,

,

7

...

$4,024,392
2,461,299
$1,64

■
.

•:

$3,579,870
2,182,820
.

$1-64

v<\

first mortgage bonds, 3% series due. 1978, may be ex¬
definitive bonds at the Central Hanover Bank & Trusl,
N. Y.—V. 169, p. 2642. '

New York,

-

.

THE

(2752)

8

1^49—12

Opajftlng revenues
GpefjfUing expenses
JFedqfal income taxes—

$284,690

$156,307

224,325

115,728

7,500

3,500

Total

from sales

rev.

$60,365

$33,079

$169,138

3,318

4,739

13,182

18,280

$1,148,431

$4,180,156

31,310

134,349

94,156

Net

profit

$669,325

$1,179,741

$4,314,505

3,614

from

Income charges

Net earnings

11,537

24,361

Xfl£Qpe deductions

32

7,799

$5,512,535
1,032,366

69,744

59,495

286,747

219,492

243

55,171

62,963

247,902

Depreciation

$149,778

$182,320
63,953

$37,818

$63,683

458,078

1,558,042

1,802,827

.

Interest

46,546

Prov.

$103,232

$118,367

oper.

—

taxes

income

lor

Net

$348,032

1948

1049

1946

1947

•

1,059,834
$2.27

$1,326,337
580,000

197,000

Net

,

Number
J&rpgd

$591,596

$746,337

$235,521

Mosle & Moreland

Lovett

9,000

9,000

$20,527
900,000
$0.03

$5,056

293,060

234,448

207,290

177,652

$2.09

$2.52

$3.51

$1.07

of com. shares.

share

per

N^TE—Includes the

Capital

$0.02

$0.01

$0.02

—V.

Ipc.c^V. 169, p. 2209.

Hertford (Conn.) Gas Co.—Bonds Sold Privately—The

ASSETS—Cash

has sold privately to institutions through PutD€u» & Co. and Chas. W. Scranton & Co., $1,500,000 first
jportgage bonds series B3% due Feb. 1, 1974. The bonds
wene sold at 101^4 to yield about 2.93%.
Proceeds will
be &sed for construction.—V. 165, p. 1191.
Opjppany

$56,849;

investment

stock

owned

at

(100%

cost),

$499,321),

of

■

Oper. exps. & taxes—.

$1,123,140

80,914

84,754

1,053,900

965,504

$8,352

$5,152

$69,240

2,655

20,812

$10,334

$7,808

$90,052

$72,603

310

39

2,530

706

$10,024

$7,768

$87,521
$1.78

$1.46

Insurance

JSfrrpijngs

—

per capital share

169,

34,637

.

America.

of

Co.

the

has

Ifc#

Eale

filed

of

registration

a

shares

150.000

($20 par)

preferred stocks
the /ppmpany's common stock, at the
fqjr each nine shares held and one
thra

and

common

shares

statement

of

series

50,000 shares of

and

to

are

rate

be

of

with
stock

offered

one

the

full

the

The

Proceeds of the financing will be used to
dise/Inventories

and

receivables

to

or

and to

available for

of

The

purposes.

Mayflower
poration

owns
the
or

Hotel

Corp.,

cents

8

PWP0 last year

Washington, D. C., In which the
interest,
showed
results.
improved
the first three months of this year

our

^r

share

a

interest

our

on

in

the

stock.

common

earnings

For

$103,865,

was

the

of

or

6

report, but

the sale which
they

tion

the

cents,»

are undetermined at
to exceed $10,000.

the

AND

INVESTMENT-On

Jan.

££»

preference
of the

stock

to

following four years.

A

total of

P50i^]ERJI,^7freli?lnary negotiations
(Calif.) Chamber of

as

» emc project.
Will operate it on a

have

Commerce

500-room hotel which
When

the

the

Chamber

hotel

is

of

for

Commerce

constructed

operation
is

this

.

,

.

■

——

Operating and admin,

O

$2,819,443

$2,662,338

257,560

258,217

operating profit
$3,077,003
Hotejl rentals, real estate and personal property
ta#es, insurance, interest, etc
'
621 782

$2,920,555

s

——

—

—

and

Prpvpaion for

income

tax

;

above

on

used

be

for

trustee

the

road.

in the U. S. District
March 29, last. It

stretch between Huntingdon and Bedford, Pa.

•

.

....

,

.

taxes

Operating

rev.

$18,186,704 $17,145,495 $71,769,872
14,292,104 13,817,044
58,283,522

operating

$68,114,631
56,196,822

2,061,705

8,888,570

7,815,932

$1,266,746
997,864

$4,597,780
3,100,956

$4,101,877
3,018,592

169, p. 2103.

'

Illinois Brick Co.—To Place
in

•

$1,488,241
1,094,772

income

charges

after

—V.

.

2,406,359

——

as
Net

r.

1949—Month—1948
1949—4 Mos.—1948
$18,240,784 $17,183,474 $71,976,517 $68,2/3,234
54,080
37,979
206,645
158,603

Operating expenses

New Finishing Machinery

Operation—

by this company for special
expected to open many new
in the decorative field and
thus making them suitable for gxeatly increased aijplications in both
industrial and residential construction, according to John Goodridge,
President. The new machinery is expected to be in operation early in
equipment to be put into use soon

New

finishing of its concrete masonry units is
markets for the products by placing them

repay

National

be

August.—V. 168, p. 847,

from

its

finance

to

extensive

urban

and
to

kw.

additional

The

1949,

in

kw.

turbo-generator

the

at

>

Street

Gable

turbo-generators

kw.

75,000

construction

The

systems.

presently
the

estimated

program,

at

the

West

the

that

construction

program

for

the

require additional financing of approximately
remainder of the cost of such program to be de¬
accumulated

retained

from

3%

series due

27%

Common stock

♦Unlimited

(no

provisions

amount

of

of

holders,
that

521 761

On

672^810

of

together

no

shares

tOn

amount

628 130

the

of

$15,360,450

common

assumption

stock

an

"

Outstanding

,

will

be

stock

that

15,000,000

purchased

will be

subscribed

shares

not

additional

(bl

multiplied

for

by

the

entire i $15,360,450

by
for

purchased

76,802

$50

subscribed

the

shares^

the

warrant

pursuant to

by

will

the

be

by

the

warrant

principal

holders

and ;

the warrants.

holders,
reserved by the

warrant

for issuance upon conversion of the debentures into com¬
mon
stock.
§On the assumption that all of the 307,209 shares will,
be purchased by the warrant holders and that none of the debentures

.

is the most important, accounting for
load.

PURCHASED

OF

the

provide

under

well

company

way

savings, are

great

and

contemplated from the elimination of the present
Commonwealth Edison, that contract expires

with

contract

favorable

1950 and any-new contract might well have to be made
at
higher rates.
Substantial savings of possibly $1,500,000 annually
before ;taxes
are
anticipated from
the elimination of --the higher
in

t
$15,360,450
175,000 shs.
97,397 shS;-r
2,000,000 shs.
§1,536,046 shs.

and

will

now

no

$30,000,000

mortgage and deed of trust.
tThe principal
authorized is limited to an amount equal to the

(a)

and

POWER—The construction program
with its own generating facilities
should virtually eliminate purchased
power by 1951.
Purchases in 1946 amounted to 91% of requirements;
last year 65%; and for the 12 months ending May,
1949 , 61%. While

the

assumption,
with

'

^Unlimited

1964

par)
—

debentures

common

such

of

between

30,

(no

electricity

Coal mining

industrial

the

of

REDUCTION

is

authorization but limited by property, earnings and

debentures

difference

June

par)

to

as

due

with

the total.

J/4

which

•

*Unlimited
.

cumulative

stock,

"richest

of

serves

areas in northern, central and southern
is basically agricultural and contains some
farm land in the country.
Electric revenues are well
industrial sales to diversified industries providing only

substantial

territory

The

about

PROPOSED FINANCING

•

1978

debs,

$4

pfd.

■

the

of

OPERATION—Company

AND

to

gas

earnings

Authorized.

^

.

natural
Illinois

balanced

will

cash

TERRITORY

presently

as

syndicate which offered 242,785

a

stock (no par) at

mon

the

at

shares of com¬
$28.9938 per share.
The group purchased the stock at competitive bidding on June 20
from North American Co. and
North American Light & Power Co.
at $27:9581 a share.
Other bids received at the sale were as follows:
Goldman
Sachs Co, Hornblower & Weeks and Paine, Webber, Jackson
& Curtis
(jointly), $27,505 a share; White, Weld & Co., Kidder, Pea¬
body & Co. and Lee Higginson (jointly), $27,325 a share.

headed

and 1951 consists
Green's Bayou

1950

turbo-generator

33,000

additional

two

distribution

rural

and

installed

be

Stock Offered—Lehman
Ripley & Co., Inc., on June 21

and Harriman

Brothers

construction

Co.—Common

Illinois Power

1

added to the general funds of
time to time, along with other

for

66,000

station.

715^259

amortization

will

company,

provides

systems

and

586,211

_

Depreciation

will
the

capacity

an

number

Gross

proceeds

2%%. convert,
•

other

H<^ise profit
rentals

to

part

the

Operating revenues

sale

the

Pennsylvania Co. for Bank¬
conditionally ratified by the

filed a plan for reorganization
Middle District of Pennsylvania

company

period End. April 30—

sell

to

'
been

has

Philadelphia,

revenues
Uncollectible
oper.

aggregate

to

from

First mortgage bonds—
2%% series due 1974__..

7,988,299

StPlje

act

Coal Co.—Trustee

Newhall, Chairman of the

as

serve

tOutstanding in

5%.—V. 169, p. 2103.

Broad Top RR. &

&

Operating

close

the

$4,000,000 as of June
Bank of Commerce of
the company's treasury on account of construc¬

the

of

1

1948

7,956,680

common

be

CAPITALIZATION GIVING EFFECT TO

$10,776,123 $10,650,637

expense

'1

•

-

1949

$410,888

.J

and
from
depreciation and other reserves. The form of the additional financing,
and
the
types of securities to be issued ip connection
therewith,
are
not presently known.

satisfactory lease basis.

Tlyee Months Ended March 31—

at

from

to the company
stock will be used in

made

of

from

of

COMPARATIVE INCOME ACCOUNT

■

expire

proceeds

estimated

and

$10,000,000,

corporation

$507,794

adjustment income bonds.

Illinois Bell Telephone Co.—Earnings—

.

prices

to

reimburse

1949-1951

frayed

sponsoring

$68,589

,

$122,858

„__——

for

■

;

1

is

years

,

,

at

cash

and

additional

an

It

are

been concluded
the

on

contem¬
plated, is estimated to entail expenditures of approximately $25,000,000 I
in 1949, $16,800,000 In
1950, and $12,200,000 in 1951.

to the authorization of the directors 58,600 shares of
co&gfin stock were purchased since the first of the
year at an average
4>f $9.04 per share. As at March
31, 1949, 89,700 shares were held
*9 LQfi corporation treasury.

with theOakland

par

York,

loans,

program

Junction

pursuant

a -ne#

at

1964.
The two banks also will
wish to buy additional, rights or

30,

who

net

or

resources

Station,

on the stock under option to
shares were tendered on this basis,

71,002

to

station,

^Wi^nolders agreed to waive dividends
the
(Corporation.

bank

transmission

The selling

.I 06 sharea were P0ld for in cash and 56,796 shares
6\M^ct to the corporation s option.

rights

subscription

New

time

any

made

generating

cash and an option

362,566

operates over a 52-mile
—V. 169, p. 1561.

substantial additions to the company's
generating capacity, substation and transmission facilities, and fox
the completion of additional improvements and extensions of existing

an offer was made
purchase their hold-

holders of convertible

.5i««a, sh,a^e°n for each
the following terms: 20% in
additional 20%

at

balance

This

31, 1949

m

debentures

the

for

to

Net

company

of

to

526,465

341,417

Trusts,

The

of

close

program.
j

date

520,854

90,641

80,804

expenditures.

The

expected

not

are

Co.,

June

on

debentures

1949,

cash

cont}ected
itftis

the

Houston

BEACH BILTMORE—In
January the corporation
bc# £he Palm Beach Biltmore, Palm Beach, Florida. The sale resulted
in £ loss of $288,586, which after
adjusting for the income tax is a
m Apss to the corporation of $178,923.
There are some additional
of

ICC

rights.

was
same

£k#re.

a

131,876

129,973
in¬

bonds__

&

Court

1949.

Trust

due

callable

20,

Our

$478,143

Stevenson

C.

ing

for each four shares of common
business June 22, 1949.
As an

amount

Transferable

PURPOSE—The

cor¬

$87,919

$354,477

Approved by ICC—

may subscribe for common stock at $40 per
one
share for each four shares held of record

of

July 11,

short-term

69.57%

a

earnln8s

37,832

$153,928

Huntingdon

ranging from 102 and accrued
interest through Dec. 31, 1950, to par after Dec. 31, 1954.
The deben¬
tures are convertible at any time subsequent to Jan. 1, 1950 at $40
per
share through June 30,
1952,
at $44.44 per share thereafter
through Dec. 31, 1954 and thereafter at $50 per share.

corporation.

36,944

the hands of the public at

Peabody & Co. heads an investment banking group which
agreed to purchase any unsubscribed debentures. The debentures

are

President, on May 18, .said in part:
<G«>ss revenue and net earnings from operations in the first
quarter
March 31, 1949 were the highest for
any similar period in the

9,302

•Exclusive of interest on

Kidder,

■Sflprad N. Hilton,

the

subscribe

to

the

at

stockholders

for

their

has

jfiMiton Hotels Corp.—Quarterly Earnings—

9,242

charges

Deficit

Power

&

entitled

basis

Bankers

agent

company's

$440,311

income—

?

of Subscribing

principal

record

1949.

22,

debentures

$lf^9 W8 C° VStl158 i0p 540gram lnvolves estimated expenditures of

of

Redemption—

has been appointed co-agent
with the National Bank of Commerce, Houston, Texas, to accept sub¬
scriptions for additional common stock and/or the 2%% convertible

payment of construction expenditures during
1940> the reimbursement of the company for construction expenditures

P^apnsly made, or for other corporate

$317,533

adjustment

on

come

stockholders

business

The

treasury funds preto be added to general

the

2,789,636

$144,626

income____^___

Gross

,

*

are

$50

of

the

on

June

replenish

j£od$y expended for such purposes, the balance

of

held

share

merchan¬

carry

bank

reduce

to

at their option, for 307,209 additional shares of

alternative,

off short-term promis¬

pay

for construction expenditures

used

stock.

basis

stock

pther terms are
Gp. Jpc. and Dean Witter & Co. are named as underwriters.
Unsub¬
scribed preferred shares will be sold to the underwriters.
Unsub¬
scribed common shares will be sold either at public auction or to
file ^underwriters.
sory jnotes issued

be

lor

Lighting

Stockholders

share

common

or,,

common

of

full
preferred share for each
subscription price, record date, underwriting
to be supplied by amendment.
Dillon, Read &

held.

will

Proceeds

$15,360,450 2%% convertible debentures due June 30,

1964,

par), >

holders

to

for

pre-

($20

2,747,377

$78,677

Nonoperating

Co.—Offers
Common
for $15,360,450 De¬
bentures or More Common Stock—The company June 23
offered its common stockholders the right to subscribe
Houston

SEC '

(cumulative)

E

common

659,757

income____

Operating

•Income

called

has

company

Stockholders Choice

company

stock

1949—4 Mos.—1948
$3,064,910 $3,229,947

690,048

and taxes

Oper. exps.

redemption on July 1, next, at 105
and interest, $5,000 of its outstanding sinking fund 6% income deben¬
tures due 1974. Payment will be made at the Greeley National Bank,
Greeley, Colo.—V. 160, p. 118.

Hawaiian Electric Co., Ltd.—Registers With SEC—
proposing

•

1799.

Home Gas & Electric Co.—Partial

2314.

p.

•••

$768,725

rev

oper.

tint,

The

Not income

V

1949—Month—1948
$804,383

Period End. April 30—

$71,898

Nojx-nQper. income inet).

<5$pss income
Jjj^eftest charges..

' "r

I

ACCOUNT

INCOME

borrow

tial

Income

oper.

COMPARATIVE

$37,966

1,982

to

borrowings.—V. 168, p.
Ne#

'

Chairman of the company.

'

Gross
'

board

the

board, Joseph J. Cummins is

-

company, according to Wiley Blair, Jr., Chairman, is arranging
an
additional $2,500,000 at 3'/2% for 15 years from Pruden¬

The

$1,003,470

of

the
'

2119.

p.

.

Chairman of the executive com-:

as

accepted

board

The

on

and James J. Crisona,,

and Secretary,

.

Kroese

Jack Marqusee was

mittee.

on

.

Mr.

Campbell was elected Vice-Chairman of the com¬
named Chairman of the finance committee..
the resignation of Paul de Gategno as a mem¬
and Second Vice-President. Mr. Drill succeeds him

John

and

mittee,

Holly Sugar Corp.—Private Financing—

1949—12 Mos.—1948

$89,907

payable

dividends

$101,375;

„

succeeds

Peelle

1949,

168,

RR,—New President, Etc.—

the

Executive Vice-President
Counsel.
;

Mr.

$6,855;

expenses,

of

Special

ber

payable,

2643.

P.

meeting

a

Drill,

Co.

$9,000; capital stock of $1 par value, $900,000; earned
surplus, $409,044; distribution to stockholders In years prior to 1930
in excess of earned surplus at dates of distribution (0r)$5O3,542; total,
25,

■

$89,265

Petroleum

wells and
$343,021;
prepaid

^

Operating revenues—

cost),

$915,877.

LIABILITIES—Accounts

April

$915,877.—V.

1949—Month—1948

(at

notes

taxes
Code,
capital
leases (after reserve for
equipment (after reserve

oil

$98,000;

$66,992;

$781,204),

of

depieclation

total,

notification with the
to 16 stockholders of
for their holdings of
p. 1481,

Haverhill Gas Light Co.—Earnings—

Treasury

Wyoming-California

in

depletion

Hpskellte Manufacturing Corp.—Filing—

Period End. Apr. 30—

S.

U.

$202,164;

plies, at cost, $55,259; claim for refund of Federal income
arising- from loss carry-back provisions of Internal Revenue
$11,255;

for

Tjjjye company on June 13 filed a letter of
B]SC for 9,382 shares of common to be issued
Meyercord Compound Lumber Co. in exchange
10422 shares of common of Meyercord.—V. 168,

SHEET, MARCH 31, 1949

banks,

in

1.13
.50

Chas. B. White & Co
»R. H. Goodwin & Co

board of directors held on June 14, Henry E.
Peelle
former
President, was elected Vice Chairman, a post that
had been vacant. Morris Cohon, a director,; was elected President.
Other elections included John S. Kroese, Vice-President, succeeding
Charles. Passannante,
who will continue as a director; Walter L.,
At

marketable securities (at cost), $12,500; accounts receivable,
inventories of crude oil (at posted field prices), $2,982; sup-„

$60,000;

*

1.13

1.13

3.34

~

—

169,

Hudson & Manhattan

4

•Deficit.
BALANCE

-

4.90
3.34.-

Co.

1.93
1.67

Eddleman-Pollok Co.
Rowles, Winston & Co—

900,000

£00,000

Earnings per share

wholly-owned subsidiary, Harshaw Catalysts,

one

outstdg—

shares

&

2.23

Pierce & Co.,

Rauscher,

*$1,780

900,000

Abercrombie

2.23

B. V. Christie & Co
J. R. Phillips Investment
Co., Inc.
—
Fridley & Hess
*
McClung & Knickerbocker

4.90
4.90

Underwood, Neuhaus & Co.

9,000

the
and

'

'

$7,220
9,000

1947

$14,056

$11,372

Surplus for period

of

'

1946

1948

$23,527

with

agreement

an

interest, the respective percentages
unsubscribed debentures set opposite their

Peabody & Co
24.00%
White, Weld & Co12.00
Halsey, Stuart & Co. Inc. 12.00
Dean Witter & Co
12.00
F
S. Smithers & Co._
6.67

Inc.

$611,752

profit

the

Kidder,

Rotan,

1949

Dividends
Net

and

amount

respective names:

,

.

into

the company agrees to sell to
several underwriters agree severally

whereby

Co.

Moroney, Beissner & Co

$20,372

income

total

the

of

&

jointly, to purchase, at paf plus

not

$2.26

3 Mos. End. Mar. 31—

$432,521

485,100

Peabody

underwriters

several

entered

has

UNDERWRITING—Company

Kidder,

1,059,834

$0.62

Holly Development Co.—Earnings—

$1,076,696

$1,081,952
470,200

1,059,834

$0.33

Earnings per share.:
—V. 169, p. 2209.

gprshaw Chemical Co.—Earnings—
ijtos. End. Mar. 31—
Profit before Fed. taxes
op Income
F#d. taxes on inc. (est.)

$2,406,746

profit

;168, p. 2325.

S

$661,892

1,059,834

$26,281

$39,322

Net income

1,010,000.

mately

$2,394,886

estimated at approxi¬

the territory is

of

population

aggregate

The

$5,418,379

39,342

profit

income

$131,498

income—

$629,983

33

Operating
income

operating

jNep^perating

3,059,514

approxi¬
In addi¬
sale of,

the company sells steam through a transport line
mately a mile in length to the Champion Paper & Fibre Co.
tion, the company sells, and cooperates with dealers in the
electric appliances to its customers.
business,

$6,544,238 $21,597,192 $26,692,638
5,395,807 17,417,036
21,274,259

$3,689,497

Operating costs

electric

As an incident to its

throughout the surrounding areas.

users

1949—12 Mos.—1948

31,650
Other

Net

(& Subs.)—Earnings—

1949—3 Mos.—1948

Period End. Mar. 31—

Mos.—1948
$858,722
$649,727
686,083
486,579

1949—3 Mos.—1948

Monday, June 27, 1949

CHRONICLE

FINANCIAL

&

Hayes Manufacturing Corp.

Hamilton Gas Corp. (& Subs.)—Earnings—
Beriod End. Mar. 31—

COMMERCIAL

August,

cost

purchased

power

from

Union Electric.

;

-

—

<

- -

construction total
; ;
The companv contemplates the
sale of $15,000,000 mortgage bonds
in July- and w'.'ll require- $45,000,000 additional financing to complete
the program.
The method of raising the additional funds has not
been
determined but if any part of it consists of equity financing
it
would
appear
that common stock would not be sold until after
the
turn
of the year when economies from
the operation of Wood
River
begin to materialize.
The 100.000 kw. of capacity scheduled
expenditures

Capital

$95,900,000.

for

.

has

1951

carry

out

the

proposed
*

not

been

financing

required

to

-

to

authorized,

and

.

might be delayed,

reducing the

$30,000,000.

company

Ne£ income before nonrecurring loss
Npfij^ecurring loss (net)

$1,153,751

$1 097 854

' __I

178,923

UNDERWRITERS—The
of

shares

to

be

names

of

purchased by each

the
are

purchasers and the percentage
as*

follows:

'

*

"•

*

income

•ffcfipings per

1

-

including
common

'

1

-

>

nonrecurring loss

$974,828

$1 097 854

'

share:

p^ore nonrecurring loss

,Aifer deducting nonrecurring

•

AlDsed oh 1,524,065 shares
op mreb 31. 1948.—V. 168,

will

_

• .*
loss

on

p.

March

2325.




$0.72

1

-$0.62

1,617 747

shares

..

80.60

31,

1949

and

$0.62

snares

be issued and sold.

HISTORY

AND BUSINESS—Company Is engaged principally in the
generation,
transmission,; distribution and sale
of electric
energy.
Company serves an area in the Texas Gulf Coast region estimated at
approximately 5,500
square
miles
in
which
are
located
Houston,
Galveston * and 152 smaller towns, villages and communities.
Company
also has a comprehensive distribution system serving rural and farm

Lehman

14.28

Brothers

Harriman Ripley & Co., Inc.

14.28

Harden__

4.12

Baker,

Weeks

&

Bear, Stearns & Co
Blair &

Co., Inc

Burnham

Dick

&

and

Co

Merle-Smith

Hayden,
W.

C.

4.12

E.

M.

1.64

Stein

: 10.71

10.71

10.71
3.0g
10.71
10.71

Glore, Forgan & Co
Granbery, Marache & Co

Straus

Stone

&

Co

Langley & Co.^Newton
Bros.

&

&

&

Co.j^

1.64

Boyce.j

Blosser__

—

1.64
1.64

Volume, 169

THE

Number 4815

COMMERCIAL
*

_

mortgage. bords,

ACCOUNT

INCOME

COMPARATIVE

—

l

:—

,

i.

-

•—

—

Provision for Federal income taxes
Net

*

Divs.

operating revenues
ree'd from

Public

$1.50

Service Co—

directors

CHRONICLE

'

'

Co.—Stock Placed

'

per share

21

declared

the

LaSalle Petroleum Corp. of Burkburnett,

Quarterly

on

semi-annual. dividend

usual

,

the common stock, payable June 29 to holders of
1949, and a quarterly, dividend of 75 cents per share

tration-Statement Withdrawn—

Gross

income

Interest,

deductions:

etc.,

$8,176,090
1,819,576

.

—

—

.

$6,898,463

1,503,614

.

Lever Brothers Co.,

value.—V. 165, p. 3169.

Jefferson Lake Sulphur Co., Inc. (La.)—Special Meet¬
ing Postponed—
•

of

$6,356,514

.

—

—

dividend

(requirement)

•

$6,340,847

'Balance applicable to common stock
•Earnings per common share
—

$5,394,849

15,667

...

_

,

$3.31

$5,394,849
$2.81

•Preferred-dividend requirement shown above is that applicable to
#10,000,000 par value of 4.70% cumulative preferred stock Issued on
April 19, 1949.
No consideration has been given to the former 5%
cumulative convertible preferred. stock ot the company, all of which
was converted into common stock or redeemed on or prior to Sept. 17,

Earnings per share of common stock are based on
shares outstanding since Sept. 17, 1948.—V. 169, p. 2643.

-1948.

special meeting of the holders of preferred and common stock
company heretofore called for, June 21, 1949, has been post¬
1949.
;
•
'
The purpose of this postponement is to enable the stockholders of
the New Jersey corporation to amend its charter, and the directors of
both corporations to amend the proposed merger agreement- to provide
for the retention of stockholders!
preemptive rights. See also V. 169,
p. 2420.

of

the 1,916,805

1949—Month—1948

oper. - revenues

$936,372

747,854
97,553
4. J61

735,726
150,683
32,653

Net rents payable:

.

$4,843,993
3,781,908
535,321

$1,062,351

•Railway oper. expenses
Railway tax accruals

Railway

-

Net ry. oper. income-Other income

2,302

Total

income

Miscell.

$89,106
1,949

—

deductions

____

$508,326
10,945

$145,159
1,409

$722,478

$519,271
7,564

r

1,870

—...—__

714,638
141,675

18,438

$143,239

$36,804.

$5,208,542
3,629,751

$729,311

6,833

7,201

,

47,034

46,412

235,039

231,020

$40,123

$97,338

$276,668

$491,090

70.87

69.25

78.07

69.69

'Fixed charges
••

Net. income

"Operating ratio
•Incl.
—V.

Indiana

•

I

•

-

Associated

Corp.—Earnings—

Telephone

End April 30—

Period

261,348

303,405

53,602

61,646

depreciation

169, p; 2643.

1949—4 Mos.—1948

1949—Month—1948
$333,117
751
331

$375,626 ',,

Operating revenues

"Operating
Operating

oper.

rev.

$1,475,364
2,950

$1,294,722

$374,875
'' 270,723

revenues

expenses

frap lease of' operating property
\

Rent
;

lease

for

of

ating property
Operating taxes

Net

'

$1,293,428

1,031,180

'

Cr800

Cr200

"
*

oper-

50
39,157

200

200

195,469

" $51,139

operating income

169, p. 2104.

,

30,026

,>

.

$185,385
124,823

The. shares

'

Debentures Of¬
fered—City Securities Corp., Indianapolis, on June 13
offered $170,000 5% sinking fund debentures due 1964
at 100 and interest.
v
Indianapolis Public Loan Co., Inc.

Proceeds

will

be

used

p. 2529.

to

repay

notes

—

payable

to

banks.—V.

169,

/

Interchemical Corp.—Additional Borrowing—

,

On

May

agreement

31 corporation borrowed an additional $500,000 under an
with * the Metropolitan Life Insurance Co., dated July 28,

The total
amount outstanding at present is $7,500,000. The money will be used
to pay for the cost of constructing a plant.—V. 169, p. 6.

its

—

Signs

>

Greece's telecommunications system
result of .the signing of a technical

for the reorganization of

Plans

announced

were

today

the

as

advisory contract between

the Government of

this corporation and

Kingdom of Greece. The program is being sponsored by the
Economio Cooperation Administration in Greece.
Under the terms of the agreement, I. T. & T. will furnish a staff of
six communications experts who will
advise and assist the Greek
Government in the reorganization, reconstruction,
and improvement
otherwise of its existing facilities
The Greek Government, under a plan proposed by ECA, will merge
all present public telecommunication facilities into a single, autono¬
mous company, free of governmental or ministerial control,
but sub¬
ject to governmental regulation as to rates and methods of financing.
The systems to be merged will be those of the Ministry of Posts,
Telegraphs and Telephones, operating long distance telephone and
telegraph networks, and those of the Hellenic Telephon Co. (AETE),
operating the urban automatic telephone systems in towns and cities
having exchanges of 100 lines or more. The new company will be
known as "The Organization of Telecommunications of Greece." (OTE).
Formerly controlled by German interests, the Hellenic Telephone Co.
was
acquired by the Greek Government following the recent war. It
now
operates approximately 54,000 lines in the various cities, prin¬
cipally in Athens, Salonika and Patras.
The telephone system of the Island of Rhodes will also be taken
over
by the new organization. This company, formerly of Italian
ownership, became the property of the Greek Government upon ter¬
mination Of the war.—V. 169, p. 2314.
the

Investors Mutual, Inc.—Declares 15-Cent Dividend—
The

directors

on

June

21

declared

quarterly dividend of 15 cents

a

per, share on the capital stock, payable July 21 to holders of record
June 30, 1949.
It is derived exclusively from interest and dividend
income.

,,

corporation on April 21, last, paid a dividend of 14 cents
share, and on Jan. 21 one of 12 cents. Payments last year were
Jan. 21, April 21 and July 21, 12 cents each; and Sept. 29,

The

per
as
a

follows:

final of 34 cents.

under the plan.
The present offering includes 5%
of any
in the total issued and outstanding shares of common stock
during the period the plan is In operations No-.other increase in
outstanding shares is how contemplated other than.those which may
be

issued

conversion

on

Purchases

the fiscal year.
Net assets of

Investors Mutual, Inc., as of June 16, 1949, were
$136,985,625 with shares currently owned by more than 68,000 share¬
holders. Investors Diversified Services, Minneapolis, Minn., is the prin¬
cipal underwriter and investment manager of the Fund.—V. 169, p. 1780.

of outstanding

per.share

plan* is

income

Total

Expenses

—

—

——

,

.

Nov. 30.'48

2,493

sale

its

6f

been

550,000

common

—

realized

Dividends

loss

on

investments

paid

$78,993

$34,394
29,036,

$69,242
300

71,096

March 21, 1949, paid la dividend of 8 cents per
share, following by a payment of 9 cents on June 21, Last year, dis¬
tributions were made as follows: March 20, 7 cents; June 21, 8 cents;
The

company

on

Sept. 20, 10 cents; and Nov. 26, 12 cents.
The net asset value per share of outstanding

capital

stock

was

$9.388789 as at May 31, 1949, compared to $9.334335 at Nov. 30, 1948.
—V.

169, p. 378.




Expenses

1453.

April 30—'

on

1

four

area.
After providing for the sale of the shares, the
will have an Initial working capital of $15,000,000
expected to be sufficient to bring the mine into production

company

five

or

years.

Net

profit from sales of securities.,
distribution
to
stockholders

$687,173
669,635
285,896

:.

>$535,400
500,712
445,199

Cash

from

capital

gains..:

250,356

—

On April 30,. 1949, the net asset value of each share

of this company
per share
on Oct. 31,
1948. Total net assets of the company on April 30, 1949
were
$28,780,516, compared with $28,952,838 at the 1948 fiscal yearwas

end

$6.91.

This

with

compares

a

net

asset value

of $7:35

.

(Oct. 31);

During the past six months the number of shares of this Fund
outstanding increased from 3,940,554 to 4,162,250. Number pf share¬
holders grew frop 16,927. to 17,473.—V. 169, p, 2529.

Maracaibo Oil Exploration Corp.—To Issue .Rights*—
The

company, it is reported, is planning to offer its stockholders
right to .subscribe to 49,500 sha,res of capital stock in ratio of
new
share of capital stock for each eight shares heldFunds
would be used by
the company for oil development and. possible
acquisition of additional leases.—V. 169, p. 701.

the

one
'

Massachusetts Investors Trust—Earnings—
1949

authorized capital
$10,250,000—$9,000,000 to be Issued Initially—was formed to mine
the lease located about 170 miles south of Johannesburg.
Virginia

company stockholders will
for the 15-year debentures,

subscribe

production

annual

rate

period,

with

of

be

offered

the

opportunity

which will be Interest-free,
and thereafter will carry interest at the'
They also will carry the right for a five years
to $2,000,000, to convert into papitai stock at

begins,

3%.

respect

Net
Net

64,639

(excl. gain or loss on invest.)
gain on investments....^.—.....
dividends

—V.

169,

...

p.

$2,646,232
560,381

3,004,782

Income

realized

Ordinary

$2,839,682
193,450

$2,776,046

Expenses

1948

$3,001,712
225,666

The Virginia Gold Mining Co., which will have an

2,778,330

701.

premium of 60%.

a

104,078
■

$719,910
690,218
32,694

Quarters Ended March 31—

of

The

$o39,478

109,351:

lease

Which Is

until

.1947

',$796,524

118,767

»r_

*_—■

a

Virginia

to

■

1948

1949

.

bonds*—$838,677

——„**

income (exclusive of security
profits and losses)
1
Cash dividends from ord. income—

Development of

gold property in the Orange Free State through the Virginia
Gold Mining Co., in which it will invest $10,250,000 by the purchase
of $8,000,000 15-year debentures and $2,250,000 of capital stock "at
par.
The balance of Issued share capital will be guaranteed by Middle
Witwatersrand (Western Areas), Ltd. and other companies associated

in

p.

Net

Stannqrd, President, on June 21 announced that an agreement
reached whereby this corporation will join in the develop¬

d.—Earnings—

The

present venture is apart from that in the South African gold
field announced by Kennecott Copper Co. a year ago,
At
time an agreement was reached between Kennecott and Anglo-

mining
that

Transvaal

Consolidated

Investment

Co.

for

the

formation

of

$4,000,000

a

company—Kennecott Anglovaal Exploration
Co.,
Ltd,
Jointly to prospect and explore mineral areas In
Union of South Africa.—V. 169, p. 2315.
formed

was

new

It
the

Keystone Custodian Funds, Inc.—Asset Value, Etc.—

.

net

assets

of the ten Keystone Funds at market values
amounted to $170,795,200, it is disclosed_by the
semi-annual reports of Keystone Funds B2 and S3.
The number of
shareholders of the ten funds in April of this year reached a new
record total of 51,346,

April 30,

on

$15,781,884 on April 30, 1949
The net asset value per share amounted to
$22,36 on that date compared with $24 per share a year earlier. Dur¬
ing the 12-month period the number of shares outstanding increased
to 705,708 from 701,104.
net

Total

B2

were

assets

the

Appreciation Common Stock Fund S3 were
1949, equal, to $10.18 per share on the 1,030,This coippared with net asset value per share
1,018,731 shares outstanding on April 30, 1948.—
of

$10,485,745 on April 30,
210 shares outstanding.
■of

$12.58

V.

169, p. 2420,

on

Kno*

the '

i

'

(Earl E.) Co., Erie, Fa.—Files With SEC—

1969, to be offered at par.
Underwriter, Reitzell, Read
Erie, Pa.
Proceeds will be applied to retire $55,396 first
mortgage bonds and for working capital.

May

1,

Inc.,

Landers, Frary & Clark—Appliance Sales Up—
(traffic)

current year was approximately 10% greater than in the compar¬
able
1948 period, Robert M.
Oliver, General Merchandise Manager,

Portable Electric Appliance Division, disclosed on June 21. He said the
company will have increased its-sales and merchandising staff 80%

by
the

Aug.

1

almost

compared with March 15 despite distributor opinion that
universal declining market in', appliances calls for less
more

sales

personnel.

Substantial volume gains in the company's'automatic coffee paker '
the 24-week period were primarily responsible for the110%
portable appliance increase, bfr. Oliver feported.—V. 158, p. 487.

during

ore

1949

31—

milled—

Development

and

operating

1948

59,505

59,-746
$207,828

-

$206,708
189,138

194,618

costs.

Operating profit (estimated)
:
Nonoperkting revenue (net).—

$13,210

Brl8,774

$13,279

Total

Provision for taxes

$17,570

69

•$1,204

400

Net profit before depreciation
Deferred development

575

$12,879

Outside exploration

•$1,779

2,252

353

188

(estimated)—.

....

...

39

•Loss.

NOTE—The
—V.

above figures do not include allowance for depreciation.

169, p. 1228.

Metropolitan Edison Co, (& Subs.)—Earnings—
Period End. Mar. 31—

Operating
Operating

$6,506,499 $26,649,621 $23,337,153

$7,016,538

revenues

(other

exps.

below)

3,096,371

11,745,091

10,477,285

476,768

....

245,464
575,199

2,296,145
1,998,908

2,358,008
1,765,269

598,080

578,025

2,946,227

Electricity purch. & in¬
terchange pwr. (net)

729,807,

Maintenance

Provls.
of

for

depreciation
utility plant..

Other

income

taxes

taxes..
:

Operating income

—

..

income

473,000

339,333

2,278,155
1,856,000
1,367,517

2,080,125

545,000

371,524

—

Federal

Other

>

1949—12 Mos.—1948

1949—3 MOS.—1948

$1,349,132
15,531

$1,199,107

$5,107,805

$4,028,148

926

36,891

5,076

$1,364,663

$1,200,033
233,036

$5,144,696
1,018,627

$4,033,224
687,327

$4,126,069

$3,345,897

1,469,000
1,159,318

appliance dollar volume for the first 24 weeks of

the

rather than

Tons

than

company on June 14 filed a letter of notification with the
for $150,000 first mortgage convertible sinking fund 6% bonds,

& Co.,

Quarter Ended March

1949,

Total net assets of the Medium Grade Bond Fund

Portable

—,—51,025

——

Income—Interest

been

the

169,

Manhattan Bond Fund, Inc.—Earnings-

South African Gold Mine—

in

'

1

,

cash

tive. in September; 1948,"—V.

postponed

Kennecott Copper Corp.—To Finance

'

taken, in

and

-

American Power & Light, Co.,, said there is no indication
at this tipe when the
yffering will, be prenewed, or whether it will
be nn a negotiated or : a competitve basis.
The. SEC, in appfpving
the negotiated sale several weeks ago, said the exemption from corapetitivebidding was granted on condition that the sale take .place
within the immediate future.
The 550,000 shares up for sale include
450,000 shares being sold by American Power & Light, the parent
company, and 100,000 new common shares being offered by Kansas
Gas,
which
currently
has 600,000
common
shares
outstanding.—
V. 169, p. 2643.

ment of

earnings

share as compared- with $1.12 per share for the
preceding :period.
improvement in earnings was due primarily to better water con¬
ditions, economies in operation and a rate increase which became effec¬

parent,

had

President, in connection with the declaration of the
was

The

extensions; addi¬
for the carrying

shares originally scheduled
until further notice.: The sale was
to have been made on a negotiated basis to an underwriting group
headed by Blyth & Co. and First Boston Corp., but discussions with
this group have been terminated.
Spokesmen for the company and
has

20

action

six Months Ended

proposed

for June

Alline,

dividend, said:;

view of the improvement In the com¬
position.. We reviewed ,in previous letters
the effect of the severe drought during 1947 and the summer of 194#.
The earnings of the company on a consolidated baste available for the
capital stock for the 12 months ended April 30, 1949, were $L58 per
share as compared with. $1.21 per share lor the preceding 12 months'
period and for- the-12- months ended May 31, 1849; were $1*67 per

pany's

purposes.—y. 169, p. 2104.

The

H.

"This

145,300

company and to use such funds for
tions, improvement and maintenance of properties,
of inventories and for general corporate

9,751

—

Net income (excl. of net realized gain or loss
on
Investments)
Net

L.

market

the

The directors

.'current

of shares which can presently be
offered
shares.
Gross proceeds' based upon the
price on May 31, 1949, would be $4,831,225.
However, the deferred payment provisions of the plan make it un¬
likely that the company will ever receive all the proceeds at any one
time.
The company Intends to place the proceeds with other general

the

.

on June 17 declared a dividend of 23 cents per share
the capital stcck, payable. July 1, 1949, to holders of record June
$4,
Last year the company paid 40 cents each on Jon. 2 and April
1,
and 25 cents on July 1; none since.
.

number

maximum

under

Output—

1949.

.

of

a -65

on

underwriting Is Involved., The stock is to be sold at a. price
the last sale, price or, if there are no sales on such a day,
the mean of the bid and asked price for such stock at r the close of
the New York Stock Exchange on the date of execution* of' the pur¬
chase contract.
The unpaid balance of the subscription price may be
paid within 10 years'.from the date of the contract, with interest
payable at not less than 2%,

funds

on

Maine Public, Service Co.—Resumes Dividend—
.*

No

The

area

week ended June 18, 1949,
36,862,000 kwh.,.. as compared with 43,630,000 kwh. for. the
corresponding week last year, a decrease of 15.5%.—V. 169,,p. 2644.

preferred.

equal to

due

Year End.

May 31,'49
$36,890

; "

..

feet of floor

Louisville Gas & Electric Co. (Ky.)—Weekly

not

may

The

6 Mos. End.

207.

Electric output of this company for the

.

SEC

Investors Selective Fund, Inc.—Earnings, Etc.—

169, p.

totaled

exceed 100 shares for each $1,000 of salary at
the time of purchase; and the unpaid portion of the.
purchase price
may not exceed the purchaser's maximum annual salary.

>

policy, dividend distribution from profits on
are made only in the final quarter of

sale of portfolio securities

Manager.—V.

,

increase

<

As a matter of company

the

the

of

"
1 *
;
plant, which .will contain over 850.000
acre site, will be ready.in 1950 for
the transfer of all manufacturing.operations-from, the present
plant,
which* in rlum, .will ,be. available for. sale or lease at that time.
V. 168, p. 2686.

issued

Combined

,

on :

Definitive first mortgage bonds, 3 Va % series due, 1978, are available
for delivery in exchange for
temporary bonds at The Chase National
Bank of the City of New York, 43 Exchange" Place, NeW York, N. Y.~
:V. 169, p. 2644.

subsidiaries

.

E. T.

International Telephone & Telegraph Corp.

Technical Advisory Contract With Greek Government—

resignation

separate .office has
Mr.: Luckman .will. Act as both
a

Louisiana Power & Light Co.—Definitive Bonds Ready

to! officers .and. employees, of:

the
pursuant to the terms and provisions
of an Employees' Stock Purchase plan.
The total stock issuable under
the plan may not exceed 5% of the total shares of such stock out¬
standing
(2,906,062 shares as of June
1,
1949)
excluding shares

On Dec. 1, last, the company also borrowed $2,000,000.

1948;

t

to-be .offered

are

and

company

$118,084

61,918

now

21 the

General/Manager
as

a

144,764

$34,127
19,238

50
52,963

—
.

after charges-,

—V.

$1,472,414
1,091,360

259,652

>

-

t

corporation,

covering

Kansas Gas 4 Electric Co.—Stock Sale Put Off—

Net

«

-

$332,786

.

„

—

Rent:

1,294

from

June

on

and

Manager

This company on June 20,.accordingto James F. Lincoln, President,
completed final arrangements with The Austin Col of Cleveland for
the, immediate construction of An $8,500,000 plant to be erected - in

square

fered Employees—

$33.25

^Uncollectible

and

General

General

Euclid, Ohjo.

Registers Stock—To Be Of¬

—

June 17, filed a registration statement with 'the
proposed offering of 145,300 shares of common stock
(no par) to certain of the company's officers and employees. ...

1949—5 Mos.—1948

,

of,

post

Vice-President

The one-rtory manufacturing

Johns-Manville Corp.
The

Earnings—

Illinois Terminal RR.—May

as

Veale

Lincojn Electric. Co.—To Build $8,500,000 Plant—. '
,

.

SEC

Period End. May 31—

R.

President -and

this

poned .to .July 26,

Cambridge, Mass.—Official Resign

Luckman, President, announced

William

company.
The
been abolished,

The

Net .income
•Preferred

4

The registration Statement (No. 7769) filed with th^ilEC Dec. 9,
1948, and which became effective Dec. 28, 1948, was withdrawn June 16,
.1949.
The
statement
covered
12,979 shares of stock
(parv$20).
—V. 135, p.. 2458.

and Dec.

Charles
;

pay*

,

Lawyers Title Insurance Corp., Richmond, Va.—Regis¬

,

payable Sept. 29 to holders of record Sept. 20,. 1949.
distributions of ,$1.50 each were made on June

semi-annual

of no par

Tex^—Div^

The directors

have declared a dividend of 10 cents per
share,
able, July 1 to stockholders of record June 20, 1949.

of

24, last year.
Effective June 20, 1949; The Northern Trust
Co.j 50 South LaSalle
St., Chicago 90, 111., will act as transfer agent, and the American
National Bank & Trust Co., of Chicago, 33 North LaSalle St., Chicago
90, 111., will act as Registrar for th ecompany's issue of common stock

$6,898,463

#

on

record June 20,
on the same issue,

Regular

(2753)

|

.

have

.

$8,101,090
75,000

.

-

_

Kewanee

The

1949
.1948
$38,577,493 $34,410,373
26,842,403 24,485,610
3,634,000
3,026,300

12 Months Ended April 30—

Operating- revenues
Operating' expenses

1

Dividend Basis—

3Va% series due 1978, are now
ready to be delivered in exchange for outstanding temporary bonds
at the Guaranty Trust
Co. of New York, as agent, 140 Broadway,
New. York, N. Y.
first

FINANCIAL
'

Investor# Telephone

Definitive Bonds Ready—
"

Definitive

&

'

Gross

Income
Net

Income

.

deductions

Income Ji—:

258,831
u

CONSOLIDATED

$1,105,832
BALANCE

.

$966,997

;

SHEET, MARCH 31,

.

1949 f

ASSETS—Utility plants $86,571,223;! investments and special funds,
$5,092,156; cash in banks and on hand, $2,579,960; special deposits,
$74,851; accounts receivable (after reserve for uncollectible accounts of
$159,282),

$1,371,551;

insurance claim receivable, $340,687;

materials

^

$98,971,686.
*

,

'

.

..

debt, $34,052,500; accounts payable, in¬
cluding $163,892 to associated companies, $655,859^dividends on cu¬
mulative preferred stock, payable April 1, 1949, $165,375; eustomcH
"deposits, $124,692; taxes accrued, $3,353,847; interest accrued, $385,191,
other-current and accrued liabilities, $103,199; deferred credits, $34,146;
"reserves for depreciation of utility plant, $23,749,300;
re®erv.es
.?
tax contingencies, $1,444,000; other reserves, $92,689; contributions in
Aid of construction (nonrefundable), $291,675; 3.90%
cumulative pre¬
ferred stocks (par $100), $12,500,000; 4.35%' cumulative preferred stock
<nar $100)
$4,000,000; common stock, no par value (360,780 shares
Issued and outstanding) stated at, $12,323,400; premium on cumulative
preferred stocks, $180,450;
total, $98,971,686,—V,

oper.

Oper, exps. incl. deprec.
,

.

on

debenture

3,273,836

$469,715

$426,632

"

his

wife

to

--

•

-

1,595,787.

and

Nadeau,

income

43.44 'j

own

of

and

a

-and

a

.

Conn,,

S,

and

cornbeny and

combined

New York.

Meriaen,

If

Joseph

stock of Lilyan Realty Corp.,

whicli

It. is proposed

••

York

the. New

to

.'.

.

share.

a

Irresistible! Inc.,

.-*!!««

i

•

would be George F. Handel, Vice-Presi¬

of

position in
Treasurer

the

of

James

'

the

net

Nestle, as Chairman of the Boardjt Lee E.
Genera! Manager and a director of Nestle, would

President,

director.

$1.06

or

ana

in

reported

31

shareholders,

of

Inc.,

the Bronx,

from

company

Treasurer

and

a

of
eliminating tha

thus

Aug.

$162,074,

vote

stock

tne

plant in

business

new

of

Cie,

all the

own

group

the

similar

retary

stock,

enaed

year

two-thirds

a

...

dent

enlarged concern,

Joubert,

C.

would

Brooks,

Louis Naidech, Sec¬

ana

Vice-President,! Treasurer

be

Cleveland

attorney

#who is Secretary

director of

Nestle, would dc Secretary and a director of: the new
Other directors .would be Ralph Perkins, Cleveland;. Charles
New York,
a Nestle
director since 1S47, and Mr. Lindemann.

-company.

1,513,645

'

.

net

by

Nestle

Otficers of

$2,156,283

390,977

409,524

.

169, p,~2106.

and

lor

President-of Joubert,

-the

A

class

t

the Joubert

move

l totaled $34.57
exchange of 1.1 shares

the

$1,300,917 for 1948 the Joubert group had net profit

approved

would

•„

,

stock April

A
by

the

of

Nestle-LeMur

plant.

,

$2,299,596

$538,788

$555,907

operating income
after charges

share

they would continue to

$26,133,519 $23,123,820
4,711,536
21,053,205
18,379,343
656,364
2,775,718
2,588,194

718,226

is

of

care

•'

while

$1,901,235

deal

owns

$5,906,688

5,353,643

Net
Net

stock.

chgs.

4

$6,627,776

__

Operating expenses
Operating taxes

'—V.

bonds

fund
and

3,015,180

$226,784

Net oper. Income
♦Monthly accr'l for an¬
nual
int.
and
sink,

rev.

26,804

of

each

sales of

Lindemann,

$5,928,723 $26,229,135 $23,223,787
22.035
- 95,616
99,967

$6,654,580

Operating revenues

$3,700,468

$3,484,895

$219,519

1,480,846

from

earns,

the

1949—4 Mos.—1948 '

1949—Month—1942

™_

Operating revenues
"Uncollectible
opt-r.

1949—2 Mos —1948

$1,846,655
1,627,136

$1,707,630

Gross

sales

Telegraph Co.—Earnings

Mountain States Telephone &
Period End. April 30—

net

$7,545,

Nestle's class

taken

he

for

dividends.

On

has been

Piper

will

common

hold

Canadian Currency)
1949—Month—1948

(In

,

M.

which

back

appointed Director of Human Relations,
succeeding P. W. Eckholm, who has resigned.
Mr
Piper formerly was Director of Industrial Relations for Eausch
& Lomb, Rochester,
N, Y.—V. 169, p. 2530. '
" '

Subs.)—Earnings

Co., Ltd. (&

Mexican Light & Power
Period End. Feb. 28—

new

Appointment—

Motorola, Inc.—New

•

-

.

share

of

Kenneth

thus requiring the issuance of 69,467 shares and mak¬

common,

Dividend arrears on

,

r

1944, $5,515,-

earned surplus since Oct, 31,
169, p. 604.
,
.

has

company

new

ing the total new common stock outstanding 282,960 shares.

called for redemption on Aug. 1, next through
operation of the sinking fund, $134,000 of first mortgage 3l/»% bonds,
series B, due Feb.
1, 1966, at 104 Va
and interest. Payment will be
made at the Mellon National Bank & Trust Co.,
corporate trustee,
Pittsburgh, Pa.—V. 169, p. 2530.
The

LIABILITIES—Long-term

.363;

of

Redemption—

Monongahela Ry.—Partial

and supplies (including construction materials* at average cost or less,
$2,541,038;" prepayments, - $136,721; deferred-debits, $263,499; total,

Monday, June 27, 1949

FINANCIAL CHRONICLE

COMMERCIAL &

THE

(27541

10

Plohn.
The

'

a

latter, who is

graduate chemist, would receive a salary ox $25,000
' '
4.

a

year.

Subsidiaries of the Joubert group include Blue Waltz, Inc., IrresistibleBlue Waltz Exporters, Inc.,. and Ed
Pinaud, Inc., which sell many of

v

185,000

181,000

370,000

362,000

*

(The) Muter Co. (III.)—Unit Expands—

;

their

above.—V. 168, p. 2122,

Radio & Phonograph Corp.

See-Emerson

.

products

through

chain,

dry

goods and

variety

stores.—V. ,169,

"

*

t

^ab^ve^3™-8---!--♦Including
income

but

$56,632
available

$34,519
$107,715
is dependent upon

$45,784

those payment of which
not including arrears thereof.

*

company
has requested SEC authorization to issue and sell
additional shares of its ($50 par) common stock to its parent,
Electric System,! for a cash consideration of $3,000,000.
Proceeds of
the stock sale
would be used to pay off an equal

The

as

p.

2644.

Uncollectible

rev.

oper,

Operating revenues

__

Operating expenses
Operating taxes

; Net

939,115
$916,160

I-

671,560

589,004

charges

its

for

■July

offering

1967,
Detroit,

1,

Street,

56,684

53,148

earnings.™—_______

$6,056,472

$6,206,689

$4,988,226

costs ™_™—_—i—_

3,187,920
516,280

Operating

interest

Other

1

Co.—Bids Invited— /

•

declared

Divs.

(

19,183

18,828

1,136

stock.

101,250

;

101,250

$495,343

$543,985

'W

r

,

99.86%

.

r

*Revlsed
The

figure.

«

in

increase

.

National Bellas Hess, Inc.—May

1782..

169, p.

;

Sales—,

♦Net

Income

•'

;

'1949
.1943 ...
$28,600,968 $27,405,440
__j™_™_ ■
2,918,648 > 2,958,518
™_"2-i— "
$0.77
%
$0.78
a

elected Vice-President

Jacob

t

of

in

-----

taxes, all charges and minority

interest.—V.'169,fp. 2212.

National Tank Co. (& Subs.)— Earnings— 1.4
Six Months Ended

sales,

Net

Profit

—__^

before

Manufacturing

.;f.

_~*

income

taxes.

-

________

%

6

«

France :was

officers -who

reelected

reelected

were

F.

B.

_

,H.
Wills, Vice-President and ^General Counsel; E. M. Rouzer, .Vice-President and Secretary; Charles Klein, Treasurer, and Assistant -Secretary;
and A. D. Kneale, B, P. Lambert and R. H. Brady, Assistant Secretaries

*

interested

until

persons

and

also

sell

has

pending

$5,000,000

of

^

cents

per

record June

^ach quarter,

28

June

1 ■,.»■

to

request

Commission

before i-the

series

169, p.
•.

first

C

■

.

„

on

mortgage

n

bonds,

2531.

if

ir

j

....

;

Equip. Issue—1

considered

be

to

,

Certificates

will

2645..

p.

)

Chicago & St. Louis RR.—Promotion, Etc.-*

Smith,

Counsel' since'

General

General

and
L.

White,

.

profit

l

__.

shares

'

1947," has

elected

been

Counsel.

Vice-

♦

-

Indianapolis bank President and head of

$2.01",

Earnings per share

;

33p;400 ' ;

495,600

1

\

Nov.

30,

1948,

stock

50%

a

dividend

receipts

a

baking

estate

"

been elected a director, succeeding
.Cleveland, who resigned because of
4

and

.V" -1949

i :

on

taxes,

<

mortgage

above

86,829

-a

35,522payments_________

is

OLttbcnicilL . m

.

35J18

2,500

'

_i_.';;f.

statement

auuyc

-

159,719

'I

86,093

-

__

calculated

" '

•

$86,578

with

CUiCUI^Xea f JU,• »

ACCRUAL

ON

"t

31, VI949

%

BASIS

''

V"

r.

$384,106

;V.

[i

Allowances and^concessions to tenants_l™Zi_™LZ
Net operating income

.♦..v

._™1________a-<

_™_™___V_

:

'

.

V 536

$383,570

Operating expenses

;

V

5.

EARNINGS FOR SIX MONTHS ENDED MARCH
MAI
income

tha

? V

terms ?f the indentu!:e securing the Income bonds. ,,
Operating

.

5,007

$50,860

>

accordance

in

•

22,500
-

2,720%,

Net profit bef. int. on the non-cumul. inc. bonds '

NOTE—The

$360,13)3

173,500
25,000

[ First mortgage amortization
^Mortgage expense paid

Kt\

1948 -"V"

'.

$411,913
v

other

j

*

J

-Earnings—

/

...

first

>:$1,59

^ * "

of

1116.

expenses

Interest

was

dividend..

p.

(net)

33M00

$3,35

Crowell

169,

York Majestic Corp., N. Y
Months Ended March 31—
h %

Real

./

R9Q'

H77

his "name, 'has

Benedict

Alterations

—___i

outstanding

bearing

Operating

,.;73T,384/„. ^371,886
^ fill

djQO^ 717

227,560

-

and1 has
Excess of operating income over .operating expenses_l_li " .'$156,010
Ap'ril > Real estate
76.478
New York State franchise tax-499
" " '" • */Vf J
Interest on-first mortgage loan™4.
35 J26/>
*•:*; National Tank Co., Ltd.. a wholly owned subsidiary/1 Was'Organized
Mortgage expenses, /amortized
4_'r
-1-.836
In-August; 1948 for the purpose of operating%a" sales branch rin Edmohonth-ftnd" theif operations-for
ton, Canada. Sales are/increasing each'mqnth- And" thelf operations Tor
:.p. \
:
.*
f..
$41,881
re:
T A- "Net,Inc. bef. int. on 4% non-cum. inc. bonds & prov:'fofdepr
the six months ended April ,30, .1949 have resulted'in ia:1Small profit.
at Tulsa has

The new plant

of the Board and. the other
Koontz, Vice-Chairman of the

Chairman

are

'»

ago.

to holders of

has issued invitations for bids
$11,400,000 equipment trust certificates,

Gen.,

Gross

4,1943
19.47
$8,153,540 ' $5,027,270
1,843,461 *
929,715

1949.$8,854,898
T,673,640
677,923

April 30-—

-

taxes.

; Capital

,

*>

Board; Albert :E. Pierce, Vice-President In charge of Production? R

i.

payable July 15

New

paid to stockholders.
t
On Jan. 31; 1949, a-dividend of 25 cents per share was paid,[and;,on
f April 30, 1949, the quarterly, dividend was increased to 37Ya cents per
share.
The present annual-dividend rate of $1.50'per share .based- on
495,600 scares is equivalent to $2.25 per share;based "on'.the 330,400
shares
Which" were" outstanding prior to the ,payment -bf 4 the .stock

elected

Manager, wns
department.

new

a

Net

On

charge Of Manufacturing.

Refinery

Morgan,

production of

year

dividend -of- 22 Va

quarteily

a

a

-

Power

failing health.—V.

.

*

Income

Research and Development,

M.

Russell

r_™__-A-

share..—

per

♦After

>"' »> (
' '
'■*
' •«
JPitzgerald,.General Sales Manager since Feb., 1948, was elected
Vice-President in charge .of Marketing and will have direct; supervision
of all wholesale, retail and export sales.
O. E. Wypn,-General ;Swp®rintendent of -ouT West Tulsa Refinery,
-D.* Glenn

a

ft.

cu.

Common Stock—

company paid 20 cents per share

•

on

Fresident
,

expenses

T. E.

was

stock,

week

on

company

company

(& Subs.)-r-Earnings—

revenues_____'

operating'

Earnings

April, 1949.—V. 169, p. 2424.

Director

declared

given

issue

to

■

6

E.

T

ft

:

,

12 Months Ended April 30—
Gross

President.

'■

corresponding

below

^mature serially; in 15 equal annual instalments.—V.. 169,

1949—Month—1948
1949—10 Mos.—1943
$2,848,657 $23,761,673 $22,317,173

National Fuel Gas Co.

Corp.—New President, Etc.
At ;the -organization meeting, of the boaTd of directors held on May
31,: 1949, Robert W. McDowell, Executive Vice-President, was elected

•w-

13.07%

or

126,316,000

at

the proposal of company to issue and sell an addi¬
shares
($20
par)
common
stock
to
its parent,
New
Electric System, at $25 per share.
--

..

Brig.

Mid-Continent Petroleum

?

ft.,

New York Central RR.—Bids

'

r

reported

'

—v.

*

in

has

England

Tne

$584,793

$3,274,000

Sales-

.

operating

is

^

Period End. May 31—

represents the direct cost of
operating 35,464 more airplane miles In the 1949 month,.
Although
-r wages
and prices were considerably
above the April, 1948 levels,
indirect expenses were held at the same -total, resulting in a decline
in the total cost per mile from 85 cents in April, 1948 to. 82 cents

-

the

cu.

1979, at competitive bidding.—V.

h

f

101,250

-

"

;

week

upon

New York,

_________

3.16%

or

corresponding

160,000

New

due

$686,043

$645,235

SEC

England

("July
169, p. 2316.

for

have

kwh.,

460,101

the

,

week

17

18,992,000

common

of

^or

England Power Co.- -Hearing on Stock Issue— '»* /

-proposal

3,643

,

$597,593

pfd.

cum.

surplus

the

hearing

tional

182,230

182,230

182,230

".—__—

on

The
a

1948

99.79%

—

carried-:

passengers

233,297

19,353

kwh.

,

271,873

229,552

directors
on

New

'

26,314
.29,182
Available- seat miles -flown
14,480,844 13,793,325
7,781,720
Revenue passenger miles flown--™-—8,650,821
56.42%
Revenue passenger load factor™^——™-—-59.74%
188
Mail, express and freight tons—
—
,,
224
63,310
Mail,-express and freight ton miles-L—
74,106,
Not stated
Operating levenue
——
$625,216
$465,261
passenger revenue ___:—J.,—500,217
5.58,931
Operating expenses
—i
568,556 ,
<14,127
Net profit after income taxes-.
———
"
34,202

Revenue

263,314

decrease

-

June

of

ft.

this Association reports electric output

a

-

-

for 4he

cu.

17,

is

14,568,962

Previously, „he
V. 169, p. 2645.
.(

adjustments

dividends—

before

Balance

—V.

1949

Operating efficiency -l

-

_.™—

of organization expense—__
charges against, income

and
Other

-Earnings, Etc.-

Mid-Continent Airlines, Inc.

* •,

:

388.556

,

' 18,492
15,976

expense

of electric pit.

Balance/

Month of April—

The
share

462,640

302,190

'

decrease

a

June

This

of

30, 1949.

352,726

.

483,650

210,919
.;

premium on
-

bonds

refunded

2,424,294

v413,989
509,533

522,849

debt—

of redemption

•

ended

kwh.

Increases- Quarterly Dividend

}

2,386,885

3,441,001

502,022

tax—_—

income

funded

on

Amortiz.
*

•

--—----—

Federal

for

Prov.

Interest

$2,758,305

3,056,066

'

Depreciation __:
—
-Taxes, other than Fed. income tax_

has issued invitations for bids to be received June 28
of $25,000,000 in new sinking fund debentures, due
Bids will be received by company at 415 Clifford
up to ll a.m. (EST) June 28.—V. 169, p. 2529.
i

The company
"

66,949

income

Amortiz.

Michigan Consolidated Gas

1947

$4,935,071

revenue™

,

is

-145,308.000

1948

$6,150,004

.Maintenance

2211,

169, p.

This

'

x

$3,998,577

$674,863

'

1949

operating

Total gross
.

59,074,513- $41,566,479 $35,819,464
7,538,178
33,475,396
29,540,185
861,472
4,092,506
3,520,974

income

operating

after

—V.

Co.—Earnings-

>

$5,989,523

31—

3 Months Ended March

Other

ACCOUNT

INCOME

week

production

■year ago.Gas output

;

■'

■

COMPARATIVE

1949—Month—1948
1949—4 Mos.—1948.
$10,258,301 $9,119,425 $41,736,940 $36,001,143
44,912
170,461
181,679
45,855
$10,212,446
8,357,171

-

the

14,108,861

below

the principal amount

in

outstanding

presently

notes

$4,300,000.

Gross

Michigan Bell Telephone
period End. April 30—

Net

of

bank

of

amount

*

Operating revenues

For

of

England

New

1949 was 6.95 pesos to the dollar
-V. 169,
dollar in February, 1948,

exchange rate for February,
compared with 4.86 pesos to the

.average

r"'.v

\

__

New England Gas & Electric Association—Output—;

;

60,000

conversions have been made at monthly average
rates and the dollar equivalent of both the gross earnings and oper¬
ating expenses of 1949 are reduced, -compared with 1948, as a r«suit
of the devaluation of"the peso which took place in July,
1948. -The
Exchange

NOTE

2106.

P.

Narragansett Electric Co.—To Sell Stock to Parent-^

'

>

;

been paid for

with

been practically completed

now

nal
A formal opening was held on

funds.

company

1948. ''<*•••'

29, 30 and May 1,

-

«.

and Assistant Treasurers.

..

.

At

(the

-

aforesaid. meeting,

Robert

G.

Merrick,

President

;

,

.

..

Equitable Trust Co., -Baltimore, Md.; was elected a director to fill the
-vacancy caused by the death of W. Wallace Lanaham.—V. 169, p. 2211.

<•

.ASSETS

;

..

_

r\

,f ,f.>

,

'A

'APRtt, 30

HEET
CONSOLIDATED BALANCE SHEET

of -The

'

r.nin

■

-1949 J

>

C

%

NOTE—In- accordance with the [.policy- consistently .followed by the
folio
charged as an
corporation in>all prior periods, alterations-have been.-ch?

*.

Vo.y;
1948

,

%_'

Cash
'

Accounts

t

* '

Middle South Utilities, Inc.—WeeTcly Input—
'

;

For the weekiendedjJune 16, J949, -the System Ipput pf subsidiaries
to 91,255,000 kwh., an increase of 10,-

.

4M|9,QOO

•

V. m p.-2644,

...Inventories—lower;of. cost

of .this .company Amounted

i

receivable—trade

I Notes '.receivable—trade

•

Other

or

Fixed

13,2.%^ ^over .the corresponding; week of last year.—
•.

•;

i-

---

-

.

Gross -sales
<

♦Net

''

Wo.
t

common

Earnings per
dividend

shares

outstanding--^.—

share
requirements)
common-

Book,value pf common .stock

41949

-

-•

■*'

1943

fafter--preferred

on

-

.

$21.65

■

Missouri-Kansas-Texas RR.^-CO-Paying Agent—"

Capital stock ($1
Capital -surplus
Earned

'

Ltd.j

Canada

u-

other;securities

(U. S.

■

^

;
'—•„

reorganization and reorganization expenses'/not otherwise; provided
for, and before provision for depreciation of building and equipment, '
Ji9,854,93l;; deferred ..mortgage expenses/,$24/651;vlQtai/..$10;186,638//;:'; /
.

-

.

•*

$15,712;

8,/a% first mortgage loan due Deto. ,29,*1955
-/(inlerelst paid !
through -.March -,31, ,1949; dncluding^ payment ijluA ' April%1/ -0.949; i-arnoj.tization

;

payments

of

$7,434

each, due Jan;'

1,; 1949 and April JL,

deferred ^by- .mortgagee, pursuant;it07 pifoyi'sions i

Oct,. 1,

1M9

of /'agreement;<dated

1948)., $2,007,500; 4% non-cttmuiatiVe income bonds due June'l;
1956, $7,576,338; capital stock tpax.vaiue si per,share)%$98,394; surplus
siock (par'.value Sl'per,share)? $98,394;

67/567

,

advance^

r'J LIABILITIES—Current liabilities, $159,564;: rentals paid ih

•S2'no?"-f-i a!?nceffc
i

3,966^)64

31. 1949, before-provision forvdepreciaSdaVof! building '

*nd ^hment, $329,130;;tdtal/^^$10/186/638.—'V.< 169/[p.t9.r"»
-,I

..

.,

-

,.

- -

*:

■«
^ -

;■

;\v

•

*

r

.

.

,

-

'\

y
V

A*- .•"•'J't.TiK.v ^9,185,643
r- * New York Power & Ll^ht'.Coqi.iLM^eii--^r
^$6,804,086corporation and itsVsUbsid-iary Ticohderoesv Electric Lieht

ond
1949 iinehidfe -those; fonx:Nationali,TankPower ,Co.,: havecapphed to: the SEC
subsidiary-organized under«the laws of I; mergec^ef ,.Tieonderaga. ,iht(r New^YoAr'.'Powen''''
Pursuant-to SEC order-of Maiy^2,H 19«9f "New: «Yhrk '•
Aug. 24, 1948,—Vr 169, p;' 1454%/i' n^ Pursi—^
*
~)
April

for

wholly

.for^an?order^^iiermttttae-fhe

30,

owped

-1

.♦!

Nestle-LeMur Co.—Proposed

-

Monongahela Fewer Co. (& Subs,)
Period End. Mar. 31—r
1949—3 Mos.—*1948
Operating

revenues

____

$6,302,631

Oper. expenses, etc.:
Federal income taxes

4,397,620
■

602,700

Earnings—

The

1949—12 Mos.—*1948
$5,468,622 $22,520,162 $19,656,919
3,918,174
16,460;737 • • 14,328,387
485,400"
1,812,500
.1,582, §00

-

c i;:<< J

$1,302,311

$1,065,048

$4,246,925

$3,748,732

Dr2,850

54,776

182,865

279,931

__

TT,

.

ft Hfrfr+M-'
ions

4r

idt

Consolidated net' inc.-' $1,063,690

147,000

»"ioil''1

$813,421

$3,377,105

$2,83-7,437

147,000

588,000

496,267

,

stock

for
and

stock

and 240,000 shares of class B

stock- of Nestle. -.Each

New

would, be couverted into 1.2 shares of the new common stock
olass R: stockholders -would-,receive 1 p.ne;

stock

would

stock

of

B

$666,421

$2,789,105*

♦Reclassified for purposes of comparison.—V,
169,




p.

1009.

$2,341,170

Operating

of

Joubert

be

converted into

common

shares

of

Irresistible

would

405.97

shares

of; common,

the-exchangeJEa'Ch-of-the 333.029
be changed into 181.8369 shares

oper.

35,496,723
rev.

Operating "revenues
Operating expenses
Operating taxes

be issued for .the. 4,991- shares .of ;.A -and 6,250
in the treasury,
,Eaeh. of- the .outstanding-106

would

V1349—Month—1948 %

-

revenues

Uncollectible

held

which would require 43,033 shares for

"

"

5 - to .request.»
.•-'-<7^
'•

■

" 1949—4 Mos.—1948

,

*'rv

.

$916,690 *

"

j

-

Y'ork'Telephone Co.—Earnings—

Period End. April 30—

share«of>thd-new,icommpn stools.- rh-cr:*u'J
This would roquMre^thesiei^lijange of 170,460 shares of .new: commonfor the 152,509 shares of class A and 33,750'shares of-Glass B-stock.
.new.

v. 169, p. 2422..-

nearms-

of the- class

and- for, each V12 V20 shares -.of

No

g1i.ve",9i^erest!ed Perspps ..until July;

h

rather-than, compete

shares

common

surplus—

Joubert-grbup,' produce' •'

roducts
qosmetic^ hair topics .and cthex products which supplement,.'.
with those of-the Nestle 4iXm.:...t. .It-is proposed to form a corporation with 440,000 shares, of common
stock, at $1 par in lieu of the authorized. >200,000 shares-of class-A

perfumes,

shares

Balance

July-8 will act upon

on

-with Joubert Gie, -Inc., of New,
ic
These companies, known as the

Jersey.

A .shares

^1,299,461,, $1,119/324. .$4.429v79G,!,$4(025,663
n%?6<771 f.u 3flQ;403; f»1;052,685 a-.«J;,'18d,226>

>

1

Preferred dividends

Stockholders

company

New

.

Operating income"

Honfti»erating, income

-

*

-135,000

"''2

v

.

i.

'

15^,750

a 5,733;5if6

"

a

on

"*

469,J?.;.2644.

•

NOTE—Figures
Co.,

j.1

-V $525,210 ;V $339,212
.371,625
V", 376,017
426,821
'795,790
:
v"' 2,223 "
1,616
737,364
877,924

value)

par

surplus.-—

Tn;ft1
-,.TPfaJ

j

The (Bankers Trust; Co., New Yolk, IN: Y„ has been appointed copaying agent and co-registrar • for $2,550,000 2%% equipment- trust
certificates,; third series 1949, due semi-annually ho June 15, 1964.

?■

commissions

payable—long-term^-I'A

Notes

-

„„

1

f

,

and bonuses™™™"--1.
.tax—prior year
Taxes—other "_™__
V_V1
£I™1_'™"1_1™1_
Provision for current income taxes™^_™l_^.l
Provision for Profit Sharing'Trust_™__;

Payrolls,

-

«

'

,

Federal income

(per

$25.25

(j$9;iB5/643^ $6,804,086

L™

: '
Accounts payable—trade__i

J'

$3.84

$3.95

__

Mardh/3l

■>

-

;?After all charges, including provision for taxes and minority interest; also 4n; -1948 .period n after - provision- -for .an -addition -to the
''Reserve-4or >Contingencies"
in
the
amount
of
$350,000.—V. ' 169,
p. -1239.
•
■
.
t
■

-

3,011

-33,812.

:

—

—

".LIABILITIES—

,

''

••;;'-$^re) :T^ri:T_r—
'

.

$25,000;

of

Total.

-

$32,656,893 $27,310,554
T;789,082
'1,^734,2.41
429,470
429,470

profit
of

16,279

,charges

U. S. Government. bonds, at cost (mar-/
(nominal value),. $1;-fifst
Govecninent'bbnds, at, cost (marjeet value;'
$51,250); $50;000; prepaid expenses,. $20,393; ..c()st nf .land, building and
equipment,' determined- by face amouhtvbf securities issued'under pl$n

$25,1221,

mortgage reserve fund

Subs.)—Earnings—

Fiscal Years Ended March 31

'

patent licenses '(net)"?"• f. 23,378

crued interest ^receivable,■ $510;
ket value

112,396
-505312

(net)_L™34ii

and

Patents

\

3,295,064

27/373

_i

assets

Deferred

Minnesota Valley Canning

4,932 J71^

market______-'_v.___

or

__^™.x_—£334!.^.J,837,.777

assets

"

kwh,,

Net

__

operating income
charges_____

Net

after

—V.

169,

p.

2645.

33,079,240

106,794 ";

98,723

141,091,998 130,553,981

432,380

419,417

35,389,929 '' 32.980,517 140,659,618 130,139,564^
23,101,921 -24,575,906 110,652,403
97,074,415
4,572,421
4,764,461
18,730,037
19,198,294
.

2,715.587

3,640,150

11,277.178

1,715/936

3,003,376

7,571,860

13,866,855

11,662,390

Volume

Number 4815

169

THE

Noma Electric Corp.—Publicity Manager AppointedHenri

P.

Sadacca,

DeCoo,

Noma
V.

Jr.

since

President,
in

Advertising

A

The

directors

the

to

Sept.

19,

—V.

1946.

169, p.

i7 declared

dividend of 50 cents

a

14%

27,

The

fiscal year began Oct.

company's present

2107.

'

1948.

1,

'Kimble
than

Glass

the

with

Co.

Kimble

of

corporations

at

American

North

block

to

decide

if

the

of

vote

boards

the

June

on

16

American

Both

Bemberg.

only

not

represent

men

Mr.

Ditisheim

minority
the

said

interest

the terms

approve

both

that

directors,

and

he

majority of independent directors

Mr.

the

Ditisheim

working

would

be

of

reduced

both

Wiggin,

two

by

$7,750,000,

the

of

York.

at

to

American

and

detriment. of

the

debentures

the

Bankers

for

outstanding

Washington

company's

has

.

been

Beaunit

called

be. pre-determined
This

8%,

If

and

the

seek

the

protect the assets

plan

is

approved,

SEC

two

stockholders'

appoint

trustee

a

the

position

said

Bemberg preferred stock

Operating

Beaunit

now

owns

majority

a

of

American and American Bemberg,
the

shares

then
See

the

held

by

three

also V.

the

169,

the

for

that

the

shares

been

have

under

common

a

Chemical

New

Bank

York

&

Trust

registrar

Co.,

for

New

the

Northern States Power Co.
Electric
totaled

output

of

63,014,000

this

management.

corresponding week last year,

an

has

Y.,

been

140

week ended June

the

compared

as

N.

stock.—V.

60,152,000

with

Period End. April 30—

1949—Month—1948

$8,651,170

revenues

Uncollectible

oper.

for

Operating revenues
Operating expenses
Operating taxes

$8,634,078

__

____

Net

Net

.

999,357

operating income
charges

after

—V.

935,204

4,186,657

William

B.

$815,485

$3,729,095

the

the

717,913

2,993,181

President,

and

payments

have

operating

Federal

and

June

on

20

increased

for

earnings

$

$

27,564,808

120,426

112,888

120,705,627
509,614

$493,228

cash

funds)

(own

and

$80,000

in

12,782 shares

from

years

of

$2,400,000

$429,600.

to

"2%%

on

Bank
note

24,104,218

22,421,024

96,899,150

3,515,939

2,479,301

12,378,638

88,413,061
10,063,057

7,448,513

Oil

Western

Corp.—Debentures

the

bank

net

proceeds

(estimated

from

and

at $9,764,820)

such

of

the

proceeds

net

used to

to

repay

the principal amount of

owing of

balance

be

to

are

Guar¬
certain

the

stock

common

Tide

of

Associated

Water

Oil

Co.

owned

EFFECT

GIVING

PRESENT

TO

$10,000,000

proposes to borrow concurrently with the delivery of
an aggregate of $5,000,000 from Security First National
Angeles, Cal., such loan to be evidenced by a promissory
bearing interest at the rate of 2%%
per annum
and payable
Los

June 30,

on

1950, and $1,000,000 on each June 30 thereafter

HISTORY

AND

organized

in Delaware
business of exploring, acquir¬

BUSINESS—Corporation

was

constitutes

that

of

the

previous

itself

169, p.

year.—V.

item

2646.

Ohio Bell Telephone Co.—Earnings—
Period End. April 30—

Operating

revenues

Uncollectible

$9,883,875

rev.

25,666

oper.

24%

Net

operating

after

—V.

$1,101,420

1,441,202

1,103,830

$4,471,526
4,483,705

i

.

wells

The

:

4

•

-

.

4,215,850

'

'

_

'.

The

company

the

continental

Fred

J.

to

the

and

establishment

company

the

Division's

establish

Canadian

the

acreage
a

a

Foreign
outside

company's Manager of
with headquarters

Manager,
•<—

operations

will

is

now

company

of

District

operations.—V.

the

to

as

active

where

substantial

will

of

operations

production

Assistant
division

new

of.Canada

acquiring

direct

the

announced

prospective
Office

169,

p.

at

be

confined

actively

oil

en¬

lands.

Calgary,.'Alberta,

!

shares

Purchase

The

this

company

Electric
The

Ltd.—City May Ac¬

and

for

for
the

President,
is

made,

,.The
and

Canada, of the

on

June

20

electric business of
the

by

Ottawa

Hydro-

Commission.

Commission

600.000

recommended

was

the

suggested

company's

company's

that

electric

office

the

City

make

operations

building

the

a

in

there.

said his company will submit such

to

in

an




offer

City

of

E.

of

$7,-

Ottawa

Bronson,

offerr when and if it

stockholders for approval.

produces and distributes electricity
surrounding communities.—V. 168, p. 437.
company

final

the

Frederick
*

\

<

and gas in Ottawa

to

the gathering of

in

cents

Pursuant

the

stock

crude

oil from

shares

Mission

(67%)

shares

6,700

owns

Pacific

of

Corp.

Western

Oil

Co.,

the out¬
and 16,750

of

Ltd.,

the

'

also

owns

which

Corp.

all

owns

of

are

25

OF

WATER

TIDE

instructed

by Dutch
acquired

be

duly

issued

into

York,

cents

of

the

of

principal

an

N.

operates

each

for

Eastman,

Dillon

for

Co.

&

services ren¬

3,

which

have

of Tide Water had

1949,

at

terminated,
acquired
thereof

been

aggregate

an

cost

of

of

the

several

debentures

underwriters

be

to

McDonald

50,000
200,000

Inc.

each,

by

50,000

The

Bosworth, Sullivan & Co.

50,000

Piper,

Dittmar

&

& Sons

265,000

Co—

First

Graham,
Hirsch

Co

100,000
Co

50,000
65,000

...

Jaffray

&

Hop-

wood

85,000
135,000

Riter

200,000

665,000

Rogers & Tracy, Inc.™.
Smith, Barney & Co

665,000

William

125,000

Corp._
Co

200,000

65,000
165,000

Co

&

Co._„

R.

Staats

85,000

Stix & Co

&

Stroud & Co. Inc.

Brothers

Loeb,

M.

G.

665,000

Peabody ■& Co—

Lehman

Watling, Lerchen & Coi
White, Weld & Co._;
Dean Witter & Co

665,000

Rhoades

Co.

50,000
85,000

—

100,000

Kidder,

65,000

Co.—

Stein Bros. & Boyce

65,000

McCormick

Co.

&

Ohio

&

Reynolds & Co

Parsons & Co.

&

Co.

65,000
335,000

Boston

California

65,000

&

A. E. Masten

Blunt Ellis & Simmons

—V.

the

and

purchased

Loewi & Co

H. Walker & Co

135,000
65,000

665,000
265,000

135,000

169,

2317.

p.

Palestine Economic Corp.—Stock
The
at

by

Guaranty

STOCK—On

Trust

administration
Labouchere

by

capital

Hotel

stock

Pierre,

April

29,
York,

Co.

of

New

1949,

the

trust certificates, which shares
& Co., N. V.,
pursuant to a

Nederlandsche

the

share

of

this

In

has

company

which

became

This

in

Bank.

Amsterdam,

and, also

stock so acquired, with a minimum pay¬
connection, the corporation agreed to in¬

Guaranty Trust Co.
acting as the corporation's
save

Co.,

N.

Vi,

York,

as

agent,

&

May

13,

under

May

transaction

noted

Subscriptions—

its registration statement (No. 6069),
14, 1946, 8,168 shares of common stock
The unsold 11,832 shares were dereglstered June 15,

$100 per share.

1949.

shares

sold

effective

hus

V. 169,

relationship to

no

the offering

600,000

of

2317.

p.-

,

Pan American Petroleum & Transport

.

Co., Inc.—Sells

Notes

Privately—The First Boston Corp. acted as agent
in the private sale of $7,500,000 of 2.85%
promissory notes to institutional investors. The notes
are due June 1, 1964.—V. 169, p. 381.

for the company

Panhandle Eastern Pipe Line Co.- -Holders Get

Hugo-

ton Certificates—
The

company

tificates

share
Oct.

of

capital

shareholders.

shares

is

of

The distribution

V'

1948.

distribution

blocked

It

mailing stock cer¬
Hugoton Production

is

the basis of one

on

Hugoton for each two shares of Panhandle held

29,

The

that

announced

23

810,000

representing

to Panhandle

Co.

June

on

by

originally

was

the Federal

Panhandle's

right

Power

scheduled

Its

turned

C.'s request for an

P.

a

but

17,

was

ruling

court

on

leases to Hugoton
The U. S. Supreme Court on June

exchange for the Hugoton stock.
down the F.

last Nov.

for

pending

undeveloped

20

record

of

as

:

Commission

transfer

to

In

gas

injunction, thereby allow¬

ing the distribution to become effective.
The New York Trust Co., New York, N. Y., will act as
and the U. S. Corporation Co. of 15
Exchange Place,

transfer agent,

Jersey City, N. J.,

will

be co-trustee.—V.

169, p. 2107.

Ownership of

This

corporation has agreed to purchase 50% of the stock of Para¬
mount-Richards Theatres, Inc., and Paramount-Richards Enterprises^
Inc., for about $3,500,000.
-

The

puichase will give Paramount Pictures, Inc.

both

corporations.

have

part,

sippi

and

These

corporations

interests in 33 other
Louisiana.
consent

a

decree

theater*.

between

100%

ownership of
and

theetres

47

own

outright

Most of them ar$ in Missis¬

Paramount

and

Justice

the

De¬

the company agreed to terminate its joint interests with

in

942

theatres.

co-

The

company will be able to retain 36 of
the 80 theatres owned with these two firms.
The remaining 44 must
be sold.
Proceeds from the sale of the remaining houses will partially
the

offset
told

purchase

stockholders

At

the

ests

in

also

being

the

for

anr'.

of

Ba'aban

the

stock

but

cash

will

also stated
of

place

the

in

two

Corp.,
will

and

keep
that

President

announced

Penconi

Paramount

$2,300,000 in

theatres

Bale ban

take

price, Barney Balaban,
a
special letter.

dissolved.

14

the

will

theatres

70

theatres
of

In

time, Mr.

same

located

obtain

notes.

the

that

inter¬

in Pennsylvania, are
interest in 14

100%

a

Paramount

remaining

Paramount,

of

Paiamount's

must

sell

one

13.

exchange of Paramount

new

companies Into which
1950.—V. 169, p
2317.

January,

stock
be split

common

it

must

Peabody Coal Co. (& Subs.)—EarningsPeriod End. April 30—
Tons

provides that
should

the offer of Guaranty Trust

remain

open

until

the

close

of

1949, with a period of grace of one week there¬

1949—3 Mos.—1948

1949—12 Mos.—1948

,

sold

coal

of

3,199,571
2,984,794
15,487,527
14,258,976
$13,861,973 $11,705,923 $64,440,439 $52,582,542
Earns, bef. Fed. inc. taxes
647,061
530,783
4,230,154
3,319,931
Fed. income taxes (est.)
171,000
104,000
1,200,000
899,000
Net

sales

profit

$476,061

$426,783

$3,030,154

$0.75

$0.67

$4.73

$2,420,931
$3.78

$0.43

$0.36

$3.52

$2.56

"Earns, per pfd. share__
tEarns. per com. share.

641,185 shares of
outstanding April 30, 1949.

pari

($5

on

outstanding

pari

Pennsylvania

5%

convertible

tBased

prior

($25

preferred

632,393 shares of commdn

on

30, 1949 after dividend requirement
convertible prior preferred stock.—V. 169, p.
April

641,185 shares of 5%

Coal

Coke

&

Corp.—Offers

to

for

113.

Repur¬

chase 25,000 of Its Own Shares—
The
of

corporation

its

be

which

accepted

the

York,

July 26,

capital

has

been

prices

at

stock

for the sale

sufficient

appropriated

not

for

to

It

to

of

exhaust

this

purpose.

an

the

amount
sum

of

Tenders will

exceeding

$10 per share at the offices of
agent, Commercial National Bank & Trust Co., 46 Wall St.
N. Y, The tender date has been fixed at 12 noon, (EDT),

escrow

New

Is inviting tenders

outstanding

$250,000

shares

on

stock

names

Co., Inc.

holders shall also

business

arrangements,

June

amount

Becker &- Co.

G.

Net

the

agreement with Labouchere, Inc., of 30 Broad Street,
Y., agreeing to pay
to Labouchere,
Inc., a fee of

$20,000.
and

New

to

pay

share acquired

Battles &

Labouchere
of

to

foregoing transaction.

common

as

commitment fee of $21,500.

a

each

follows:

as

of New York harmless by
reason
of its
agent In entering into said
agreements and in connection with the acquisition of such stock and
further agreed
to pay to Guaranty Trust Co. of New York for its
services as such agent a fee of 5 cents for each share of such stock
acquired.
Accordingly, Guaranty Trust Co. of New York, as such
agent, entered into such letter agreements with Labouchere & Co.,
N.
V.,
and
Labouchere,
Inc.,
respectively.
The
agreement
with

Co.

annum payable monthly.
The cor¬
to 'Guaranty Trust Co. of New York,

Eastman, Dillon & Co—$3,345,000

:

outstanding

the

and

of New
as
agent,
to enter Into an agreement which Labouchere & Co., N. V„ a Dutch
banking house, to acquire from the latter, at a price of $25.60 per
share, shares of the common stock of Tide Water held by nationals
or
residents
of
Holland,
Indonesia and the Dutch
West Indies
or
corporation

demnify

to

approximately $3,341,368.

respective

Mr.

outstanding capital stock of Santa Fe Oil Co.,
which are Province of Alberta corporations In each of
Oil Co. owns the remaining 33%
of the outstanding
of

ACQUISITION

New

pursuant

limited.

per

foregoing

corporation

"Based

enter

delivered

were

time

obligated

with

the

to

3%
pay

respect of

127,777 shares of the

marketing facilities.

or

......

Realty

to

same

the

agreement,

also

connection

York.

were

the

common

corporation

corporation

Getty

ment

by the City of Ottawa,

(67%)

both of
Skelly

license

2423.

645,608

owns

the

capital

represented

quire Property—
•

dered

its

disposition thereof)

corporation

standing

to

Ottawa Light, Heat & Power Co.,

business.
It is currently pro¬
in the States of Arkansas\Cali-

of

those incidental

the

capital stock.

States.

the

Foreign

Dominion

in

The
to

United

15

exploration

Ohio;

Findlay,

the

its

will head

Initially,
gaged

June

Funk, who has been

Production,
in

on

handle

to

(except

and

addition,

which

Ohio Oil Co.—Establishes Foreign Division—
Division

the

(approximately 47%) of the
(Nevada), 705,631 shares
stock of Tide Water Associated
Oil Co.
(Delaware)
and 538,007 shares
(approximately 19%) of the
outstanding capital stock of Mission Development Co., (Delaware).

"Ltd.,

i

insignificant part
oil and/or natural

capital stock of
(approximately 11%) of the

$4,178,727

2107.

p.
■

In

engaged

outstanding

$8,655,237 $36,922,493 $33,916,609
6,358,176
27,375,299
25,115,590
1,195,641
5,075,668
4,622,292

$1,442,940

charges

169,

,

income

an

Is

It

.

its

In
Net

1928.

10,

pipe lines
1949—4 Mos.—1948

$8,678,321 $37,022,625 $34,014,756
23,084
100,132
98,147

Operating revenues
$9,858,209
Operating expenses —6,948,366
Operating taxes
1,466,903

Nov.

ducing crude
gas
fornia, Kansas, Louisiana, Montana, New Mexico, Texas and Wyoming.
It does not own or operate any refineries,
natural gasoline plants,

<

1949—Month—1948

____

increased

was

is

25

Under

approximately
over

corporation
of

partment,

treasury.

ing Interests in and developing prospective and proven oil and gas
lands, in the production, gathering and sale of crude oil and in the
production and sale of natural gas.
The production of natural gas

surplus

at

to

credit

fee

owners

on

stock

Paramount Pictures, Inc.—To Buy Full
Two Theatre Corporations—
,

Outstanding

$10,000,000
—5,000,000
5,000,000
2,000,000 shs.
tl,376,430 shs.

1964__

1,

to and including June 30, 1954.
tlncludes 2,423 shares held in

the

time limited, for
administration trust
certificates.
The agreement

FINANCING

sinking fund debentures,

employees of the company)
against earnings after taxes of $12.33 per share. Approximately $185,493 was carried to the surplus account of the
company, increasing this
item to approximately $424,696,
showing capital stock and surplus at
The

said

Offered—A

loan,

promissory note—
stock ($10 par)

of

addi¬

an

the

or

2646.

p.

$1,000,000

(approximately 80% being held by the
were paid at the rate of $6 per share, as

$918,206.

interest

obligated

to

120,196,013 108,312,690

"Corporation
the debentures

United

Dividends

with
is

9,836,572

of

Capital

stock

common

27,451,920

7,138,083

June

due

treasury notes, an increase of approximately 2.88% and 2.3%
respectively over a year ago. Dividends totaling approximately $103,433
were
paid by the corporations, of which $25,776
were- on
the
preferred stock which has been reduced by payments from earnings
previous

31,065,965

__

Authorized

States

during

108,802,297
489,607

of

the

The First Cleveland Corp.

$

4

10,918,225

15-year 3V2%

State

in

rev.

CAPITALIZATION

fiscal

taxes, were approximately $362,192.
A total of 6,285 brokerage transactions were involved
during the year,
or
an
increase of 18%
over the
previous year when the corporation
reported 5,304 separate transactions. The company's statement showed

approximately

1949,

The

$

'

to

the

1,

First

1949—4 Mos.—1948

1949—Month—1948

Dutch West
certificates.
The balance of such net proceeds is to be placed in the corporation's
general funds.
It is the present Intentioh of the corporation to use
funds substantially equivalent
to the balance of such net proceeds
as
working capital In the development and operation of Its oil and
gas properties.

2,624,466

company

net

final."

or

by residents or nationals of Holland, Indonesia and the
Indies,
or
represented
by
Dutch administration
trust

$3,000,437

734,036

Falconer,

of

asets

and

"permanent

ACCOUNT

1,855,589

Trust Co.

shares

3,554,013

announced that the
approximately $1,234,year
ended April
30, 1949 before Employees Profit Sharing Retirement Fund, cooperative
115

not

made by Guaranty Trust Co. for the account of the cor¬
poration pursuant to a credit agreement dated April 29, 1949, for
the purpose of acquiring from Labouchere & Co., N. V., Amsterdam,

(Charles F.) Noyes Co., Inc.—Assets Higher—

total

Is

INCOME

advanges

2212.

p.

ruling

2,551,595

$5,000,000

anty

84,952

$887,293

__

169,

74,947

within

offer

pursuant

Alex. Brown

3,445,808

$3,303,035

$7,623,244 $33,763,957 $30,123,750
5,872,555
25,848,205
23,569,300

6,747,428

______

19,536

,

169,

1949—4 Mos.—1948

$7,642,780 $33,838,904 $30,208,702

17,192

rev.

Clarke, Chairman of the Commission,
plea for a permanent rate boost of

$10,500,000 there are to be used to repay
to Guaranty Trust Co. of New York the principal amount of a loan
evidenced
by the note of the corporation.
The loan was made on
Feb.
21,
1949,
for the purpose of paying
to
the government of
Saudi Arabia $9,500,000 upon the execution of a certain concession
agreement and of paying to said government, also upon the execution
of said agreement, as the minimum annual royalty for the first year
of operations thereunder, the sum of $1,000,000, all as required by
the terms and provisions of said agreement.

2646.

p.

that

the

finance

poration

A.

2,461,575

PURPOSE—Of

1940,
the

17,

kwh.

increase of 4.8%.—V. 169,

said.

income

Pacific

a

Northwestern Bell Telephone Co.—Earnings—
Operating

after

ap¬

2014.

p.

emergency

an

Commission

banking firms headed by Eastman,
Dillon & Co. publicly offered June 22 a new issue of
$10,000,000 15-year 3V2% sinking fund debentures. Ma¬
turing June 1, 1964, the debentures were priced at 100
and accrued interest to yield 3x/2% to maturity. Deben¬
tures are dated June 1, 1949, and mature June 1, 1964.

(Minn.)—Weekly Output—

for

company

kwh.,

York,

preferred

the

group of investment

North

Northampton Brewery Corp.—New York Registrar—
The

pointed

"reflect

not

relief,"

themselves

by Labouchere

acquisition of said shares of the common
stock of Tide Water, the corporation entered into a credit
agreement,
dated April 29, 1949, with Guaranty Trust Co. of New York,
pursuant,
to which Guaranty Trust -Co. of New York advanced for the account
of the corporation an aggregate amount of
$3,303,035, payable Dec.

by

charges____.._

operating

Net
—V.

2646.

p.

Y.f

availed

allowance

within

certificates

into

provided

of
to

Carl

,

both

N.

transferred

the

of

1949,

order

The

to
Net

of

Co.

3,

acceptances

now

are

York,

31,186,391

oper.

Operating revenues
Operating expenses
Operating taxes

redemption.

voting

1978

acceptances

have

determined

for

New York was amended on May 13,
1949, so a$ to per¬
acceptance of and payment for shares delivered to and including

mit

June

Kebbon,

having purchahsed on Dec. 21, 1948,
General of the United States. Since

Attorney

companies

called

Trust

•

yearly.

revenues

Uncollectible

be

be

does

interim

company's

Period End. April 30—

proposed that North American
and American Bemberg be dissolved and shares of Beaunit
preferred be
distributed among their stockholders. The plan contemplates that the
present

1,

not

reasons

and

stock

Drexel & Co

corporations.

of the

will

it

the

March

the

UNDERWRITERS—The

COMPARATIVE

interests

have

to

due

Co., 16 Wall St., New
temporary debentures.

warrant

to

$3,800,COO

or

Clarke

Mr.

the results of the meeting would
of minority stockholders.

company,

against

will

Owens-Illinois

in

Trust

financial

on

Bemberg

the merger. This group charges that,

approve

the

and

also

group

conserve

to

controls

stock

of

Public

sufficient

hearing

a

about

against it.

are

3V!i%

30-year

The ruling was made by Owen

three

therefore

minority group, representing an estimated 20,000 shares of
principally in North American, sought an injunction on June
scheduled stockholders' meeting Aug. 1,

since

shares

33

held in trust for her by Manufacturers
(Philadelphia "Evening Bulletin.")—V. 169,
•.

prevent the holding of a

which

„

owned

at

The

Another
to

along

were

j-

stock,

defendant,

a

Service Commission on June 21
denied
the request of this company for an interim rate increase, pending
action on the company's application for a permanent rate rise.

Dutch

interests.

20

as

directors.

ground they had failed to rem¬

shall

for

not

In

named

was

of

case

of

be

who

time,

satisfactory,

provides that Labouchere & Co., N. V., is acting as principal
as
agent for either Guaranty Trust Co. of New York or
the corporation.
The corporation's letter of instructions to Guaranty

•

situation

that

and

merger

American

North

more

holders
such

11

further

of

charged that under the proposed terms of the marger

capital

$20,000,000

was

certificates, to

Denied Rate Increase—

the merger.

of

Mr.

the

oppose

itself

officers and

exchange

The

holders but also small American groups. Mr. Ditisheim said that under
the terms of the charter under which
the Office of Alien Property
sold the mills to Beaunit,
a
majority of the directors representing

minority interests must

she

shares

New

of

avalaible
in

of

Co.

said

other

67

Definitive

legal

was

Mr. Ditisheim, with Charles B. Wiggin,. are directors representing
minority interests which own approximately 20% of North American

35%

plaintiff

transfer

fide

within

N. V., to be
week, in the

presentation

and

Pacific Telephone & Telegraph Co.—Definitive Debs.

binding.

and

N. J.,

bona

offer

tional

worth."

named on the

were

Co.,

a

representing minority interests, in an initial move
merger, said he had asked the Securities and Exchange

the

directors

stock

1887.

P.

and

Rayon

Bemberg,

Commission

who claimed

,

both

of

the
were

former and present

that

Trust

16.

June

on

The
and

a

director

a

through

properties
Glass Co.

the

&

the

edy the purported transaction.

with Beaunit Mills, Inc., under the
meeting of the boards of directors

companies

approved

Ditisheim,

American

and

two

were

three

the
Hans

to

the

21

Present

Minority stockholders in both this corporation and American Bemberg
Corp. on June 17 announced they would take action to block the
of

firm

their

officers, her petition asserted, together owned approximately
outstanding shares of Kimble.
She did not specify them.
Harrison, an attorney for the plaintiff, said:

„

Seek to Prevent Consolidation—

which

when

C.

Owens-Illinois

terms

personally

"We will contend in the trial of this lawsuit that the price paid for

v

North American Rayon Corp.—Minority Stockholders

merger

of 21 officers

group

of the

Marvin

June

for

of
a

filed by Ellen Agnes Dempsey of New York,

was

Certain

share

per

capital stock, payable July 20
29„ 1949. A similar payment was made on
1948. The previous dividend was one of $1 on

outstanding shares of

record

and Dec.

29

Sept.

of

June

on

3,435,033

holders

profited

company

(2755)

after

Co.—Sued—

eastern company.

an

The suit

this

of

CHRONICLE

that the company purchased the Kimble Glass Co. of Vineland,
July 1, 1946, at a price far in excess oi its true value.

North American Aviation, Inc.—50-Cent Dividend—
on

directors

purchased

169, p. 2645.

FINANCIAL

stockholder contended in Federal Court that

and

Manager.—

&

-

Owens-Illinois Glass

announces the appointment of George
Manager. • He has been associated with

Publicity
the capacity of Assistant

as

1940

COMMERCIAL

1949.—V.

169,

2213.

p.

Pennsylvania Power & Light Co.—Rights to Subscribe
Holders
to

of

subscribe

of

extent

as

or

stock

before

share

for

be entitled

shortly before the offering
•

•

f
'

*

*

'

..*•,»»
: v

.

for

June

po

27

common

shares

shall

stock

held.

have

the

right

(no

In

par), to the
addition, stockr

to make additional

The

for

subscription

is made.—V.
' J-

..t

.

record

18

seven

unsubscribed

allotment.'

to

of

Jt ly

each

shall have been

subject

ees,

common
on

one

:

*

f

f

subscriptions for such
by stockholders or employ¬
price is tb'be determined

169,, p. 2532,

,C,<C !
•*:

-

4

';)

i

>

-

i. (

Pennsylvania RR.—Seeks to

construction
at

certain

of

the

lessor

per

meeting of stockholders
proposed modifications of leases betwier. this company
railroad companies.
The modifications, If approved by stockholders, will result In a reduc¬
tion
in Federal income taxes, "thereby materially increasing the net
income of
your
company," accordirg to the prcxy statement mailed
A

Special

act

on

and

22

stockholders.

to

.

■

,

at the special meeting. A
make the changes.
The company noted that certain technical provisions of the Federal
income tux laws
"result in imposing tax burdens on the company
•which are inequitable. This is especially true wiih respect to the provi¬
majority vote is required to

depreciation

governing

sions

leased

by your company.
legislative lelief, the deduction ..or

,

this deprecia¬

'leases involved,

substantial stock interest.

CAPITALIZATION

3 xh 'If

;

.

—V.

company

1,

*

Blyth

&

—

Etc.— •

Poli-New
'

The

the

Trust

and

100

-

exhaust

to

on

mortgage
the

168,

Clark &

W.

Davies

Net

&

by
of

ment

would

Portland

to

Mellon
3V8%

National

be

used

to

Bank
notes

instalment

&

also held

Trust

duPont

I.

&

oper.

and

for

4%

169,

order

partial

tered

Harper

P.

Wm,

Co.

Gross
Deducts,

Net

For

its

fee.—V.

services,

169,

First

notes

prepay¬

i

Boston

to

is

receive

income-

at

income

Scherck,

for

District
a

of

Electric

Oregon,

Power

Co.

Portland

by

General

PURPOSE—The
the

stock

general

presently

The

the net proceeos

the

the

of

Electric

Co,

and

meaning

to

be

Is

the
'

will

to

E.

from

Cook

approximately

expended
nections

its

Pi

„L,

to

Operating

2,000

Oper.

>

continued

These

be

Utility

a

stock

.

part

'

to

cost

and

expenditures

system,

to

service

miscellaneous
have

been

Adams >&. Co.-"—

M.

Blakely,
William

J.

Inc.

,

— _

Collins

&

Co,—

Daugherty, Cole & Co
Handel,
Lundborg & Pat¬
ten,

Inc.

Waldo

—————

Hemphill & Co.,

Paine-Rice

&

Co

>

and
.

•

are
.

will

general

on

be

expended

necessitated

f

■'>.

by

,

the
,

■

1,500




5

ii'i"

'

.

'

,

$209,065

77,703

$173,703
83,630

3,815

18,855

5,658

11,412

10,917

44,954

47,414

$24,303

$28,607

$169,769

$209,924

14,280

16,050

85,120

104,749

$10,023

to

$12,557

$84,649

$105,175

i

—

2318,

—

-Earnings—

1948'

"

1949

1947'

$565,629

$501,410
117.810

exps..

gen.

»

1946

$312,558

160,286

.

<-

$226,438.

125,797 r

116,587

$186,762

$405,343

$383,600

——.

$109,851

income

Total

1,500,

Prov.

Taxes

1,000

;

for

Net

profit

1,000,..

No. of

*Earns.

1,000
1,000 !

series

59,213

68,850

64,459

60,117

19,200

11,106

149,163

$315,502
286,700
$1.10

$101,446
287,300
$0.33

$310,479
297,000
' $1.03

per

shares—

A.

-

5'/a%

on

f Includes

$414,250.—V:

$0.13

share

com.

dividends

-^After

% $142,986
1,142,600'

_y.—_.

common

income, $7,090;

1,000

43,688

depr.

&

dcpl.

cumulative

/-

convertible

gain on sales of capital

net

assets,

preferred stock,
$430,241; other'

total, $437,304; less other deductions, $23,055; balance,

&

1,000

169,

1566. ~

p.

<

\

-

•

$773,338

$3,271,576

$2,866,105

97,453

417,332

484,165

$856,796
190,927

$871,091

$3,688,908

rev.

$787,856
617,364
100,120

$3,543,659

$3,029,050

2,619,738

2.506,127

Operating taxes——124,970

506,891

.351,557

$102,137

$70,372

$417,030

$171,36(5

44,558

228,911

65,925

Operating

709,200

$687,552

$2,979,708

$2,747,721

92,658

57,406

268,791

229,622

Net

after

—V.

169,

$899,163
672,056

—

:

income

operating

Net

602,549

$665,869

revenues

Operating expenses

$3,350,270

183,539

'

1949—Month—1948 '
1949—4 MosA-1948 "
$901,281
$789,281
$3,551,444
$3,033,751
2,118
1,425 * 7,785
4,701 v

1

oper.

1

Corp.—Earnings—

Telephone

Rochester

;

1,000 *

Earnings—

$630,146

$524,101

$353,915

—

1,000

1949—12 Mos.—<'1948
$4,321,354 $13,289,029 $16,372,004
3,216,806
3,930,653
12,438.399
330,910
1,086,800
1,067,500

$573,211

1414,250

$181,441

$251,791

•

—

Period End. April 30—

(& Subs.)

Dr5,321

Dr11,428*

Drl31,809

(net)

income

-

1,500,

61,256

•

•'

f

w.

*

-

r.i.f

was

53,841

charges
p;

,

2147.

Ryan Consolidated Petroleum Corp.—Stock Dividend

-

The

payable
tional

July

shares,
the

declared

have

directors

on

will

distribution

paid

be

York

New

made

was

,

Exchange

Curb

4

1949,

year

of record June 19.
In lieu of frac¬
based on the opening price of the.'

stockholders

27 to
cash

stock

dividend for the

stock

5%

a

July

on

on

June

last

27,

28,

1949.

year.—V.

A

165,

simiiar

3327.

p.

$2,710,917

'

Sandy Hill Iron & Brass Works, Hudson Falls, N. Y.—
Stock Offered—John L.

Nolan, Inc., Glens Falls, N. Y. is

offering 50,000 shares Class A
stock (par $4) at $5 per share.
•

—V.

169,

participating

preferred
•<

used for expansion, pay outstanding

Proceeds will be

Hampshire—Bonds Offered

;

•

bank loans, etc,

2319.

p.

June

20

on

is

engaged

substantially

be

to

estimated

borrowings,

made

in

a

major

postwar -construction;

the fall ' of

1949

and on

be expended .this. year. .Shortfor interim financing of such program.will

stockholders warrants
subscribe to 104,804
shares of
New England Public
Service Co. waived its right to subscribe to 61,732 of such shares,
which were sold by the company to underwriters on June 16, 1949,.
at $22.50 per share pursuant to a common stock purchase agreement
dated June
13, 1949.
Under this agreement, the underwriters have
agreed to purchase at $22.50 per share such of the balance of. such

-

net

are

proceeds

.1.'.

issued

its

to

common

T>L"''

7* '7

o.M!

■

-

•,

registrar

169,

p.

for

New York, N. Y., has been appointed New
cumulative preferred stock.
See offering la

Co.,

$4

2648.

*

-

Scullin Steel Co.—To Redeem Income Bonds—
The
and

1,

company

3 %

due

annum

1949

1,

1,

Jan.

1949 to Oct. 1, 1949, or a total of $1,037.50 peramount of such bonds.
.*
'
•
j,

principal

$1,000

fixed interest at 3% per annum from April
plus income interest at the rate of 3% per

accrued

plus

until Oct.
from

1949

-

,

to call all of its mortgage bonds, 3% fixed s
Oct. 1. 1951 for redemption on Oct. 1, 1949 afc,

proposes

income,

(100%)

par

It

is

_

bonds

expected

that

notice

the

of

this

calling the above
be published in the newspapers commencing
and that such redemption notice will make provision for'
the immediate payment of the full redemption price of $1,037.50 per$1,000 bond upon surrender of such bonds at any time after July 6
1949 to the Mississippi Valley Trust Co;, St. Louis, Mo.
"'
*\
.

company

for redemption will

July 6,

1949

has been directed to the fact that subject to the above
being called for redemption as set forth above, said bonds'
suspended from dealings on the New York Curb Exchange afc

Attention
bonds
will

be

the
tion

opening of business on July 6, .1949,. the proposed date of publica¬
of the redemption notice.—V. 169, p. 1997.
•' ;' -'v

Finance Co.—Sells Notes Privately
The
announced June 14, has sold $5,000,000
3%% sinking fund notes, due May 1, I960, to five insur¬
ance companies.
John Hancock Mutual Life Insurance
Co., purchased $2,500,000 of the notes and New England
Mutual Life Insurance Co., bought $2,000,000. The bal¬
„

Seaboard
it

company,

ance

surance

was

sold to State Farm Mutual Auto Insurance Co

was

Berkshire

29,

pot subscribed for upon exercise of the Warrants. The
received and to be received by the' company from the
shares '(estimated at $2,181,767, after deducting under-

Trust

Bankers

The

1949 evidencing the right to
its common stock at $22.50 per share.

June

salei. of
'•

has

•

York-

a

completed»in

$10,756,500

Scott Paper Co.—New York Registrar—

V.

100.59 and interest.

awarded

company

Shares ,$s

s, (

years immediately „

the'growth' in load (experienced

""

82,563

-

.

1,000 '

—

Co.——_
Richards & Blum, Inc.-—
Reed

Other

proceeds

The

customers,

new

expenditures

S°(^tjucti0" largely on'
expenditures during the
depend
''v

,

2,000

$795,540

2213.

issue

expiring

system,
minor improvements
to
the
steam plants, additions and improvements

distribution

19,731

,

$20,669

inc.

net

revenue

and

•Profit

2,000

,

to finance

estimated

is

program

growth of ■ the company's-load,

following 1949
'

and

and

lighting,

19,982
$31,900

•

2,000.,

Richter Co.——
Leydecker &

„—

$3,250,000 June 21 -reflecting -application of, $1,400,000
of the sale of common stock.
The net proceeds,
(excluding accrued interest) to be received by the company from the
sale c-f the series E bonds are estimated to be $3,971,071 after allowance
for
expenses
estimated at about $25,129.
Of the gross proceeds.
$1,800,000 will be deposited Initially with .the trustee under the inden¬
ture and will be withdrawn from time to time pursuant to the provi¬
sions thereof upon certification to the trustee of additional property.
$2,200,000 oi such proceeds will immediately, be applied to reduce the
company's short-term bank borrowings and the balance will be used
for other corporate purposes.
It is anticipated that the $1,800,000 to be
deposited initially with the trustee will be withdrawn by Oct, 31, 1949,
and will similarly be applied to reduce short-term bank borrowings.

regis¬

a

Public

become

common

Thf„1baklnce' of »PPr°ximateiy $5,500,000

similarly.

"•

hydro

own

street

p.

the

of

Bonnevdle

the

transmission

additional

construction

18.966

$251,411

Republic Petroleum Co. (& Subs.)-

aggregated

$7,000,000 of which approximately $1,500,000 has been
the first three months of 1949 on additional intercon¬

with

company's
to

In

1949

30,660
$291,628

3 Mos. End. Mar. 31-

& Co.-——

Atkinson, Jones & Co.—>—
& Robbins, Inc..
Blankenship,.< Gould &
.

271,910

—

bank

term

the

part its construction program and to Reimburse in part its treasury
expenditures made out of earnings and available cash.
company's

3,088

$40,400

—

surplus

p.

2,000

Campbell

$4,510,767
3,443,317

————.

PURPOSE—Company

for capital

The

5,532

$51,882

■

—1C

income

—1

Wulff,-Hansen & Co.—

2,500

dividends

program
which. an

be; credited to capital
an amount equal to

use

derived from the sale of the

will

for

ceased

longer

no

of

received

and

proposes

Dr6,30»

$232,445

inc.

inc.

—V;169,

2,000

'

estimated

Court

has

'

company

company

District

S.

'

proceeds

gross

funds

account.
_

in

U.

subsidiary of Portland Electric" Power Co.

tered
holding company within
Holding Company Act of. 1935!

of

the

Drl,076

$260,968

-

bid of 100.115.
Other bids
received as
3s: Otis & Co.,
100.0855; The First Boston Corp. and
CoffJn
&
Burr,
Inc. (jointly), 100.0077; as 3»/8s; Kidder, Peabody.
&
Co. and Blyth & Co., Inc.
(jointly), 102.151; Equitable Securities
Corp., 101.9419; Carl M. Loeb, Rhoades & Co., 101.88.
Bonds are dated. June 1. 1949; due June 1, 1979.
Redeemable at
option of company or by application of certain moneys deposited with
the
trustee, at any time prior to maturity, as a whole or In part
upon not less than 30 days' published notice at the general redemp¬
tion prices, the Initial general redemption price being 103.59, and are
also
redeemable upon like notice
through operation of the sinkingfund, at the sinking fund redemption prices, the initial sinking fund
redemption price being 100.59, plus accrued ..interest in .each case.

Company was formerly a subsidiary of Portland Electric
Co., but by reason of confirmation of a plan or reorganization

Portland

$238,754

Brl44

$37,312

'

Co.

Public Service Co. of New

The

725.000.

Power

$262,044

2,124

ord.

earned

2,000 :•

1949—3 Mos.—1948

—.

3% due 1979, at

$13 125

a

including 50 in¬

operates " is

company

3,37JL,203

$37,456

inc.

Net ine. transferred

—Halsey, Stuart & Co. Inc. (as sole underwriter) on
June 22 offered $4,000,000 first mortgage bonds, series E

an

the

$4,209,962

3,767,512

$44,226

:

Operating reveniies

deductions

169,

V.

operating public "utility furnishing elec¬
tric service
in
an
area
of
approximately 2,300 square miles in 7
counties
in the State
of
Oregon.
Electric energy requirements are
In part generated by the company (about 33c/o in 1948), and in part'
(about 07%, in 1948) purchased from various sources, the principal
one
being the Bonneville Power Administration.
The
population of
which

$4,029,556

951,732

$46,350

—

from

Deducts,

•

banking houses from coast to coast made a
public offering June 21 of £51,033 shares (no par) com¬
mon stock at $22 per share.

in

1949—4 Mos.—1943

$989,188

944,682

ordinary

ordinary

Net

$2,518,099
''Restated for the 12 months ended March 31,
1948 Federal taxes
on
income have been decreased by $125,000 and net income corre¬
spondingly increased when compared with figures previously reported.
Such changes result from the application to that period of the related
portion of adjustments made to earned surplus in 1948 in respect ofexcess .provisions for Federal
taxes on income for the year 1947.—

Portland General Electric Co.—Stock Offered—A syn¬

territory

Inc.—Earnings—

by Mellon.

dicate headed by Blyth & Co., Inc.> and

the

$1.54

(charges)

Stephenson,

2,500

v

—

Balance

vestment

COMPANY—Company is

$1.85

1949—Month—1948

Extraordinary

by

2,000

2,500
2,000

Net

2108.

p.

$0.21

$988,908

—

incomeinc.
(Cri

&

Son

&

—

Newhard,

3,000

& Davidson

Gross

of-

into.

finders

$0.17

income

munication

169, p. ,2532.

"^ome

March 23, * 1949, the Commission "exempted the sale'
of the bonds from competitive bidding but reserved jurisdiction over
the terms of the negotiated sale.
Negotiations were said to have been
conducted through The First Boston Corp., with eight separate pros-'
pectlvc purchasers before the agreement with Metropolitan was en¬
By

341,700

$1,292,077

Ordinary inc.—non-com¬

2,000

Hannaford & TaJbot_—__—

3,000

Operating
income—
Nonoperating income

of

341,700
$1,554,454

revenues—

Operating

2,000

Co.—

Raggio

Preferred

$2,000,000

pay

Co.

28,560
$180,030

2.000

Douglass & Co
a.———
Foster & Marshall—:—

4,000

Co.—

Operating
revenues
Operating expenses, etc.
Federal income taxes-

authorization to sell $3,500,000 25-year first mortgage bonds privately to Metro¬
politan Life Insurance Co, Metropolitan will purchase
the bonds, carrying a 3%% coupon at 100.5%.
Proceeds

28,560

2647.

p.

Uncollectible

The company has received SEC

held

550,963
$1,633,777

Oth. communication inc.

2,000

Co

Meija„——„

&

Francis

4,000
4,000
3,000

Potomac Edison Co.

Coke Co.—Sale of Bonds Privately—

Gas &

823,371

.$1,896,154

share-

com.

per

169,

stock

Portland

47,200

"

4,000
—
4,000
-v-i-—4,000

&

gins

1803.

p.

Dt 7

$2,184,740

.

$208,590

Operating expenses

2,000

Cass

Quincy

Pacific Coast Securities Co.

Bailey

trustee, 100 Broadway, New
July 22, 1949, receive tenders for,
bonds due Nov. 15, 1958, to ansum
of $257,648, at prices not to

interest.—V.

accrued

24,014

$2,719,525

65.846

require,

Operating revenues.

Shares

Securities Corp.—
Associates—

Buckley
E.

2,500

corporate

Co.,

11- a.m.

first

sufficient

amount

exceed

:..,'

*

of

it

to

$2,184,74'/

$143,505

div.

No. of

Tully & Co
Johnson
& * Hig¬

—V.

England Theatres, Inc.—Tenders—

will until

Y.,

517,600

-

$172,065

—

RCA Communications,

„

York

New

N.

sale

label,—V.

%

;

income

Period End. April 30—

the

purchased

to. be

-

Co—-

Period End. Mar. 31—

Equipment Enamel"

stock

2,500

Wilson,

According to E. D. Peck, General Paint Manager for the company's
merchandising division, the new products will be marketed under the,

and

income

Earned

and

Brush, Slocumb & Co
Irving Lundborg & Co.—1
Mc An drew & Co. Jnc——-

purpose.

Machinery

Dr573

$255,790

net-

deductions

stock

—V.

1,250,000 shs.

underwriters

several

the

common

12,500

of

Co.

Miller

Revel

.

York,

Brothers

Mitchum,

"Pittsburgh Farm
P. 2647.

Co

California—
Co.-—
Wagenseller & Durst, Inc..
Bingham, Walter & Hurry.
Davis, Skaggs & Co
—■

Industrial Glass Co., Ltd.,
are:
Col. W. E. Phillips, President; Clare F.
Wood, Vice-President; Harry '
W; Thorp,
Vice-President; C, R. Fay, Treasurer, and P. L. Tod,
Secretary and Assistant Treasurer!'
1
-* f
.
■>
To meet farmers' needs for quality protective enamels for expen¬
sive farm equipment and machinery, the parent company's paint divi- '
sion, on Jun 18 announced the development of a complete line of
that

&

Co

&

pacific

Canadian

for

of

50,033.
25,000
20,000

Dillon & Co.-—Pierce; Fen-

SChwabacher

*

tailor-made

&

Richards

Mason

President, on June 20 announced that this company *
Industrial Glass Co,r Ltd., a newly organized,
purchased from Industrial Glass Co., Ltd., ■
a window glass producing plant at St. Laurent, Quebec, Canada.
,
Fifty thousand shares qf Pittsburgh stock, equal.to approximately,
$1,500,000 have been issued to Industrial Glass Co., Ltd., for land,
buildings and equipment of the St, Laurent plant.
At present the plant is closed for repairs to the glass melting tank
-and other equipment. Production will be resumed as soon as repairs are )
cpmpleted. According to.Mr. Higgins this .should be within a 30 to 90

enamels

.Orl,926
$237,911

income,

Extraord.

shares

of

Beane

&

Lester

Canadian

new

574,900

—

B. Higgins,

the

of

12,500
First California Co.—-— 10,000
Pacific Northwest Co
10,000
Walston, Hoffman & Good¬
win
—-rv
10'000
Central Republic Co. (Inc.)
5,000
William R. Staats Co.—
5,000
Bateman,
Eichlcr & Co—
4,000

wholly owned subsidiary, has

of

949,48s

$2,695,511

Balance

second supplemental indenture dated.

Merrill Lynch,

Hill

Officers

by

names

Co., Inc
Boston Corp

Eastman,

„

day period.

101,000

$256,363

Pfd.

follows:

Witter

Dean

Secondaiy Distribution — A
shares of common stock
(no par) was effected June 21 at $53 per share by East¬
man,
Dillon & Co.
Dealers discount, $1 per share.
—V. 165, p. 2532.
'
.
.
.

the

1,458,271

59,000

,

12,600,000

1,500,000 shs.

.

and

1947

1,

number

First

The

secondary distribution of 40,000

H.

Nov.

as

are

ner

through

1,795,131

.

$239,837

Net

10,000,000

|

t

„

Shares

and

Pittsburgh Plate Glass Co.—Expansion,

133,797

income

Gross

($34,000,000

Unlimited

J

pari-,

(no

1

) '1

-

No. of

169, p. 2647.

PhiHips Petroleum Co.

80,875

148.750

.

income

Total

1948.

respective
each

its subsidiaries for the
week ended June 18," 1949' amounted to 142,462,000 kwh., an increase
of 4,765,000 kwh., or 3.5%, over the corresponding week of last year.
this

of

output

electric

1975

UNDERWRITERS—The

refunding mortgage 2Va% series bonds, due on
Feb.
1, 1973, are available in exchange for temporary bonds at the
Fidelity-Philadelphia Trust Co., Philadelphia, Pa;, and J. P. Morgan
Co., Incorporated, New York, N. Y.-

The

26,566

on

Non-oper.

tThe original amount of the bank loan was $4,000,000,
of which $1,400,000 has been paid.
IDue in semi-annual instalments
of
$200,000 through July
13, 1955,
Company has the privilege cf
making prepayments at any time of all the principal amount of the
loan, or of
10% or any multiple thereof of the aggregate of all
unpaid instalments, together with accrued interest thereon, and any
such prepayments are to be applied ratably to each of the instalments
thereafter becoming
due.
Such notes are presently held by Chase
National Bank, New York, The United States National Bank of Port¬
land, Oregon, and the Harris Trust and Savings Bank, Chicago,.Hi.

With SEC—

Weekly Output Increased 3.5%—

dated

Nov.

and

first

Definitive

dated

ture

filed" a registration statement with the
shares (no par)' common. The shares
are
to be
offered initially to stockholders of record July 11 on a
l-for-10
basis.
The
unsubscribed
shares .would be available for
subscription to regular full-time employees of the company and Its
subsidiaries—up to $150 per person.
Underwriters are Drexel & Co.
and Morgan Stanley & Co., Proceeds will be used for construction.
>

6,213

Net. operating

to the terms of the indenture of mortgage and deed of
July 1, 1945 as supplemented by first supplemental inden¬

'Subject
trust

covering 972,624 additional

Definitive Bonds Ready—

stock

Common

22

June

)

——

scries due 1977--;
2%
bank lo.an

-

10-year

of the leases are for a term cf 999 years. "While riie fitructhese lines are subject to normal wear and tear, neither the
companies nor your company may ddduct depreciation for Federal
income tax purposes,"
the proxy statement adds—V. 1C9, p. 2532.

on

due

series

3 Va %

Many

company

4,108.210

3,827,136
1,169,109

3,284,691

93,672

3,426

i

_■

Federal taxes

Outstanding

Authorized

,

bonds

mortgage

'

turcs upon

The

3,574,816 "

260,679

90,283

Fed.

than

income

its

PRESENT FINANCING,

EFFECT TO

GIVING

-

^

First

lessor

SEC

173,655

318,491

expenses

other

$1,025,379 $13,663,169 $12,583,731

210,027''

power—

Depreciation, electric.".^
Deprec., transportationTaxes,

1949—12 Mos.—1348

1949—Month—1948

$1,069,814

electric properties.

„

Philadelphia Electric Co.--Registers

Other

of

ACCOUNT

INCOME

COMPARATIVE

•

revenues—

cost

Total

expended an

1949 the company

.

various improvements and- additions to

aggregate of $23,420,782 for

Commerce

Interstate

Operating

'

1944 and March 31,

1.

Between Jan.

which requires
Coir.mi: eion."
'
Supplemental agreements opprcved by directors and to be submitted
to .stockholders would modify the leases now in effect to provide for
current accounting on and after Jan. 1, 1949, with rcrpect to uepicclation, amortization and certain retirements.
,
The railroad companies involved are included in the Pennsylvania
Railroad system, and in which the Pennsylvania owns or controls a

the

both.

securities, or

of

sale

modifying
the approval of stockholders and
be obtained only by

retirement losses, may

of

lieu

in

the

operated

but

lints

the absence ot

"In

tion

by

properties owned

physical

of

'

Period End. May 3L—

largely

improvements

commissions of $133,625 and other expenses estimated at
arc being applied to reduce short-term bank borrowings.
For
capitalization, etc., see V. 169, p. 2647.

details of

comparable to those contemplated by the
1949
construction
program.
A less rapid rate of load growth will
require smaller outlays.
Certain expenditures,-estimated at approxi¬
mately $4,000,000 should be made in 1950 regardless of- load growth
to
correct conditions arising from present overloads and to- replace
property retired in the usual course of business.
The funds required
to be expended for construction in 1950 will be obtained in part from
internal sources, including tieasury balances on hand, if any, at that
time, material and equipment recovered from retirements,, provision
for 'depreciation,
and
unappropriated earnings, and in part from
additional financing which may take the form of bank loans or the

subject to be brought up

the only

This is

be

may

year

and

.

.

war,

to

$42,697»

If load

for the year 1950.
50,000 kw. per year rate
expenditures in the range of

program

40,000

the

writing

not approved a specific
growth continues
experienced since the end
$7 million to $8 million
expected, such expenditures to be used for additions
The board of directors has

during those years.

Modify Leases—
has been called fcr Sept. 20 to

Monday, • June 27, 194£>

FINANCIAL CHRONICLE

COMMERCIAL &

THE

(2756)

12 '

Life

Insurance

Co.

Proceeds

from

the

sale

notes- have

the

benefit

of

for

the

$200,000

the

remaining

(Joseph E.)

or

will

of

first

period

Co.

and

State Farm

Life

In¬

"

,

a

two

about

be

i
used

sinking
years

to

fund

and

$511,000

pay

a

the

off

which

bank

requires

balance

year.—V.

loans

The

pavment

pro-rated"

169,

p.

over'

2319.

Carry 3% Coupon—Offering Scheduled for June 29—
The

new

issue

»

Seagram & Sons, Inc.—New Debenture to
of

$50,000,000

25-year

debentures

is

to

carry

a

>

Volume

according

rate,

coupon

filed

13.

Company is
poration-Seagrams, Ltd.
The

1-

at

*

point

during each

five

years

a

The

the

sinking fund

reduced

a

fund

be

of

during the first five years and at;
including June 1, 1964, follow-,
will be 100. The sinking

101
to

25 th

years.

,

—V.

underwriter of the;

Smith,

Barney

Drexel

&

mately

&

other

committee.

the

"

than

more

°Earnings

NOTE-^-In

.

obtain

30—" v

April

loss

share.

profit after charges and taxes.—V.

*Net

169, p. 1012.

-

,

Corp.

in

•

.

'

Van

See

Co. belcw.—V.

Sweringen

Gas

&

the

Of

341,165 -shares

by stockholders of record May

ratio
1

(par $4.50) clfercd for sub¬
13 at $7,62'/- per share in the

of common stock

scription

one-for-iour,

of

of

$2,364,894

31,015

and

1.—V.

Rights expired June

is

Operating revenues —
Uncollectible
v

*

rev.

oper.

Trilst

by. Guaranty

23

.June

Co.

Officials Assigned to New Posts—

-

-

.

$20,299,326 $17,142,798 $80,380,136
15,991,638
13,812,318
62,241,322

„

Operating expenses

'Operating, taxes
Net

operating

after

Net
V.

9,757,104

6,936,642

income

^805,540

2,340,754

——

$8,381,700
6,716,430

$1,966,934- $1,524,940
1,519,885
1,065,674

-

charges...

169, p.-2147.

principal

amounts

of

.

f

Weld & Co

—

220,000

360,000

Robert

W. Baird & Co.,
1——760,000

Blyth & Co., Inc

—

Bosworth, Sullivan & Co.
Central

Republic

(Inc.)

).

1,000,000
1,000,000
220,000

Equitable Securities Corp,

760,000

Estabrook

760,000

Co

&

First

The

Co.—

Boston

;

notification

company on June
13. filed a letter of
for 10,000 shares
(no pari
capital stock

SEC

share

,per

sion—V.

underwriting.
2648. '

without

169,

p.

Pacific

Southern

Additional financing for

with the

)

to be offered at $8.50
will be used for expan¬

Proceeds

June 20

Trust

Co.—Equip.

Stuart

Stearns & Co.;

winning

The

bid

group

series:

"2%%

99,062

Security

certificates

the

for

will

be

standard-gauge

new

flat cars.
1

J

<

,

Common

*

company

making

In

orders

new

will

announced

of

various

.

that

at

types,

for

new

rolling
> ,

stock,
"

Deliveries) of the newly ordered diesel locomotives
start

June,

Of

Southern

1950,

diesel

196

locomotives

railroad

had

of

horsepower

6,000

are

received

153

for

may

scheduled to
completed

previously ordered since V-J Day,
mid-June, of which number 54
line freight and passenger service.

of

the

,

are

,

passenger

present
in

Included

the

among

67

power.

diesels just ordered will be 28 of 6,000
freight service; 17 road switch loco¬
and 22 switchers, each 1.000 horse¬
is acquiring an additional passenger diesel

each, for main line
each 1,500 horsepower;

horsepower,

motives,

The

unit.—V.

company

169,

p.

also

2533.

not

—Week

•

End. June 14—

,

—V.

earnings
109,

p.

—

3948

"'

1.949

1948

$5,588,595 $3,344,056 $333,104,987 $146,897,107

2648.




June

Manufacturing Co.—New Contr.

Preferred Stock Called—

168, p.

388.

announced

22

clearance

par)

an

its

to

net

proceeds'to the

additional

$7,000,000.

''j

-

-

T

'

'

A

tion

*

company

from
F.

and

operates

a

)'

.•

;

•«"■*■*

•

a

the
H.

Director and Executive Vice-President, that he

had resigned

company.

Kissner,

Vice-President and Treasurer,
.

has also submitted his

-

of

opinion

with

the

.

'

'

;

Mr.

Piesident and

subsidiary.

system

At
the
same
time directors of Textron Incorporated elected; an.
executive
committee
to guide the
company's decentralization plans.
was initially
designed to deliver approxi- * The committee is
composed of. Mr. Little, Chairman; JE. A. JCingman,
natural gas per day and was first put into
Harold C. Whitman and J.- Linzee Weld, Vice-Chairman. Mr. Weld has
operation In October, 1944. ' Daily deliveries during 1945 averaged in
also been elected Treasurer with; offices "in; Providence, R„ Jt .ci
r,
excess of
200.000 MCF,''Commencing in 1946, the Company's average
m Three; other Textron: executives/jtsigned
recently;; On June 3, Harold
daily deliveries
have been progressively increased by ^expansion in i l
BJ('Ho&kins,; a. Director and Marketing Consultant,
resigned' as * d
the company's facilities.
Average daily deliveries during 1946, 1947 rlntmfcei of the board, and Marshall Rawle resigned as Vice-President
and
1948 were approximately 260,000 MCF, 298,000 MCF and 422,000

mately

*

owns

J

_

Dyson explained, by dif¬
the majority of the di¬
rectors
as
to matters of management and marketing policy; / *
Immediately following the announcement Of the above-mentioned
resignations, Royal Little, President, announced several new execu¬
tive appointments.
James E. Robinson and Frank Fiore were elected
Vice-Fresidents of Textron, Inc., the operating subsidiary of Textron
Incorporated.
Guy G. Cromer was elected Executive Vice-President
and General Manager of
Textron Southern, Inc. the manufacturing

•

BUSINESS—Company

'

resignations cf directors and executives of this corpora¬
to a head on June 20 with the announcement of ChaiT6s H.

came

ferences

•

AND

for

•

More Executives Resign

series of

resignrtion, Mr. Dyson stated.
Their resignations were occasioned,

pipe

This

Incorporated—Two

—New Treasurer Elected—

the transportation and sale of natural gas at wholeextends from the San Salvador Field in the Rio
Grand Valley of Texas into West Virginia, a distance of 1,364 miles.
system

sale.

the

parent,

of

Textron

board

of

) '

■:.»

of the proposed sale by

400,000 shares of Its common stock (no
American Power & Light Co., for a cash con¬
*
...
*
Texas Utilities would
use
the proceeds to liquidate certain'shortterm bank borrowings to enable it to make an additional $4,000,000
equity investment in its subsidiary, Texas- Electric Service Co., * and
•
to make an additional $3,000,000 equity investment in its subsidiary,
Texas Power & Light Co.—V. 169, p. 2426.
f
of

company

sideration

reissued.
shares

360,000

Co.—Sale of Stock to Parent—

Utilities

SEC

The

company's
200,000

system

MCF

of

.

1949.

Period—
Gross

Whiting, Weeks & Stubbs

21

June

on

Chicago, 111.—V.

Texas

may

will be approximately
,$49,994,950.
Of the anlount so received,
approximately $24,000,000
will be deposited with the corporate trustee under the mortgage
securing the 'bonds to be withdrawn against property additions from
time
to time as
the company's expansion program progresses.
The
remainder of) approximately $25,994,950 will be used to pay the company's outstanding short-term notes
in full and the balance will
be added to the general funds of the company and will be used from
time to
time, along with other cash resources of the company, for
the expansion of the company's pipe line system.
line

-

—-JanMto June 14—

be

HISTORY
"

'

Ry.—Estimated Gross Earnings—

series

preferred stock may be issued by the
directors from ".time, tq time, subject to certain restrictions.

The

Southern

'

the

Co.,

Dyson,

Re¬

to be delivered on previous orders are 26 freight diesels arid
diesels, mostly of 6,000 horsepower.. The company's
fleet of 238 dieselv switchers is one of the largest of its kind
the country, Mr. Mercier pointed out.

or more

securing the bonds subject' to the
total principal amount of bonds

PURPOSE—The

maining

eight

one

company

of

Trust

100,000 shs.

The

JAdditional

have a total of 402 diesel loco¬
on its lines, Mr. Mercier said.

by

main

If)

760,000

5,000,000 shs. 3,333,333V3 shs.

-

this year, and when the current order is

in October of

Pacific will
motives of various types in operation
in

.

220,000
220,000

pntiVe outstanding $7 preferred stock has beerr called for
redemption on July 1. next, at $110 per share and accrued dividends.
Payment will Be made at the Continental Illinois National Bank &

100,000 shs.

---

760,000

220,000

Texas Power Corp.—$7

t

,

.

-

220,000

&

2,100,000
760,000
Tucker, Anthony & Co._
760,000
Underwood, Neuhaus &
•
Co.
:
' 260,1)00
Union Securities Corp.— 2,100,000
Chas. B. White & Co.—
220,000

r

nearly $90,000,000 being
t

v.

25,000,000
13,230,000

*

announcement, A. T. Mercier. President, said the
raise to approximately $241,000,000
the company's

diesel locomotives.

263

for

the

expenditures

postwar

21

June

on

locomotives

diesel

67

mortgage
therein.

orders have been placed
a cost of more than
$23,000,000; in furtherance of its extensive improvement program.
The

for

OFFERING

be issued under the
restrictions contained"
which may be issued
under such mortgage is limited to $300,000,000, so long as any bonds
of the 2%% series due 1966, or of the 3%
series due 1967, or . of the
3%
series due 1969 are outstanding.
The amount of bonds of the
2%% series dud 1966' initially authorized was $35,000,000 which has
.since been
reduced by retirement of $1,769,000 of bonds through
the sinking fund, which may not be reissued.
The amount of bonds
of the 3%- series due 1967 initially authorized was $40,000,000 which
has since been reduced
by retirement of $800,000 of bonds through
the sinking fund, which may not be reissued.
tSubsequent to April 30,
1949, the company retired $506,000 of
debentures, 37/8%
series due 1966, through the sinking fund, which
"Additional' bonds

<

'

<*'

- -

Hutton

announced that it has received a con¬
to design and manufacture 67 separate
production tooling items for the Boeing B-47 six-jet bomber.
Robert McCulloch, President, also revealed that there was a possi¬
bility the initial award could be increased to ag high as 200 items.
Included are
welding jigs, drill Jigs, templates, lathe fixtures, mill
fixtures, and mill cutters.
....
The Texas company previously has received sub-contract work from
Boeing involving sub-assemblies for the B-50 and B-29 bombers. Prime
contractor is Boeing's Wichita, Kans., plant.-—V. 169, p. 2688.

400,000 shs.

—-——- —

cumulative'preferred stock-—
jstock (par $5)
—

360,000
360,000

from Boeing Airplane Co.

All

preferred stock

cumulative

4.25%

Co.) 760,000

Texas Engineering &
This

tract

Outstanding
$33,231,000
39,200,000
V 50,000,000

25,000,000
13,230,000

1966
—
due 1949-1956
—
(par $100) issuable in

4.10%

steel
-

loans, 2%

*

diesel

Continues Dieselization Program—

1967-^——

series—J—i

'

t

•

& Co.—

Mason-Hagan, Inc.—
—V. 169, p. 2688.

;

due- 1969-——50,000,000

^Preferred stock

railroad

6.000-hp. diesel electric passenger locomotives; . two
1,500-hp.
road -switching locomotives; 440 gondola cars and 802

PRESENT

' * ' '. '
Authorized

in".

tDebentures, 3due

equipment estimated to cost not -less than $18,720,000. This -equipment
consists of sixteen €.000-hp. diesel electric: freight locomotives;.' two
electric

series

Bank

Other bids were by Salomon Bros.
certificates; and Harriman Ripley & Co.
and Lehman Brothers (jointly) at 99.679 for 2'/2% certificates.

Inc.

TO

EFFECT

360,000

Langley

2,100,000

1 Spencer Trask & Co

1

—

C:

Pierce,

Beane

Smith, Barney & Co

1,000,000

&

Laurence M. Marks &

incorporated

GIVING

2,100,000

2,100,000
1,000,000
Lee Higginson Corp
1,000,000
Lehman Brothers-——,1 2,100,000
W.

&

Pomeroy, Inc.-—.
Scott & Stringfellow——
Chas. W. Scranton & Co.
Shields & Co
_?

Kidder, Peabody & Co.

were

1966-—-—$33,231,000
39,200,000

due

series

series due

3%

is

certificates,- which

2%%

for

was

.

3%

for 2%%

99.057

at

Hutzler

3s

as

pipe line bdnds—issuable

"1st mtge."

,

,

Co.

Weeks—

&

McCormick

Kebbon,

Co.

CAPITALIZATION

2.5087% basis.

about

equivalent to
&

'

Hornblower

*

Wells

McMaster Hutchinson & Co.; Mullaney,

and F. S. Yantis & Co,, Inc.

Inc.,

Transmission

&

Gas

Equitable Securities Corp.; Gregory &

Co.; The Illinois Co.; Wm. E. Pollock & Co., Inc.;
Clayton Securities Corp.; Free¬

& Co.;

man

Co.

bends

——

^

Lynch,

Schoellkopf,

1,000,000
Hemphill, Noyes & Co.— 1,000,000

in Tennessee April 1, 1940.
•On July'18,
1947; company was consolidated with its wholly owned
subsidiary,
Tennessee ' Gas
Transmission
Co.
(Del.), organized on
June 9, 1947.
The .resulting corporation, Tennessee Gas Transmission
Co.
(Del.) acquired, as of July 18, 1947, all of the business and other
properties and assets and assumed all of the liabilities of Tennessee

Swiss American Corp.;
& Co.,

&

the

for

COMPANY—Company

<

Son, Inc.; Hornblower & Weeks; Merrill Lynch, Pierce,
Fenner & Beane; Otis & Co.; Phelps, Fenn & Co.; h. J.
Rothschild & Co.; Graham, Parsons & Co.; Hayden, Mil¬
ler &

Inc.

•

,

Roftles, Winston &, Co._

»

220,000

Ripley & Co.,

Harris, Hall & Co., (Inc.)

received, viz.: Halsey,
100.33; Kuhn, Loeb & Co. and A. C. Allyn & Co.,

bids

760,000

&

r—

Harriman

•

100.15.

ject to ICC authorization, at prices to yield from 1.40%
to 2.70%, according to maturity.- Associated in the offer¬
ing were R. W. Pressprich & Co.; Bear,

other

The

equipment trust' certificates series BB due $832,000 an¬
nually July 1, 1950-1964, inclusive. The certificates, is¬
sued under the Philadelphia plan, were reoffered, sub¬

accrued

and

100.75

at

Co.

maturity.

to

fered—Halsey, Stuart & Co. Inc. and associated under¬
writers won the award June
22 of $12,480,000 2%%

Blair & Co., Inc.;

Hallowell,; Sulzberger

The bonds are being reinterest, yielding 2.95%

its bid of 100.3399.

on

offered

Certificates Of¬

2,100,000

Goldman, Sachs & Co— 2",100,000
Graham, Parsons & Co._

,

of the company was undertaken with the public
offering June 21 of a* new issue of $50,000,000 3% first
mortgage pipe line bonds, due June 1, 1969. Stone &
Webster "Securities Corp. and White, Weld & Co. jointly
headed a nationwide group of 56 investment banking
firms
whtch - won
the
issue at
competitive bidding

*

260,000

Glore, Forgan & Co.

Offered—

Co.—rBonds

the continuing expansion pro¬

.

by

,

Corp._ 2,100,000

First Southwest Co

gram

Knoxville, Tenn.—Files

Southern Fire & Casualty Co.,

,

.'The

.Transmission

Gas

Tennessee

this company for the week ended June 15, 1949,
-totaled
2.819,000
kwh.,, as compared
with 2,740,000 kwh. for the
corresponding week last year, an increase of 2.9%.—V. 169, p. 2648.

*

purchased

1,000,000
Mullaney, Wells <fe Co._
360.000
Mayhard" H. Murch & Co,
360,000
The Ohio Co
360,000
Pacific Northwest Co
220,000
Paine, Webber,,Jackson
& Curtis
—
1,000,000
Phelps, Fenn & Co.—
760,00j0
Prescott, Hawley, Shepard & Co., Inc
1
360,000
Rauscher,, Pierce & Co./
?
Inc.
*
)
260,000
Reynolds & Co.——:
760,000
Riter & Co
760,000
Rotari, Mosle and Moreland ——
260,000

2,100,000
360,000

—I

&

(

Assistant to President Eugene Holman. R. A. Carder,
London, a director of Anglo-American, will become board Chairman
pf that company.—V. 169, p, 2687,
J":l)

Output—

Southern Colorado Power Co.-—Weekly

■

be

F. S. Moseley & Co

Co.

1—

Clark, Dodge & Co
Dittmar

.

to

Merrill. Turben & Co.—
The Milwaukee Co

2,130,000

-—Inc.

'of

Elec.tric output of

been

.

Fenner

,

„

having

design,

,

Merrill

$2,130,000

Corp

Lovett Abercrombie & Co.

•

1

modern

severally

bonds

.-.'■J

follows:

as

are

White,

Page as Executive

.

the company's

to

service at April 30, 1949:
at the present-time ;15 com¬

stations with an aggregate of 221,400 rated compressor horse¬
large dehydration plant and numerous smaller dehydration
major aerial and submerged river crossings and one

,

*

$5,391,602
3,724,6111

-

operation

Bacon, Whipple & Co.—

Appointment of Howard W. Page, Executive Assistant to the Presishareholders' representative for the company's
affiliates in the United Kingdom, to take effect,in October, was an¬
nounced on June 21.
"
'
At the same* time, the company announced that David A. Shepard,
who
has
been
shareholders'
representative
and Chairman i of
tHe
Board of Directors of Anglo-American Oil Co., Ltd., will succeed Mr.

$67,401,341
55,073,097

in

put in

of

ties

dent of this company, as

Operating revenues

has

also

Panola County, Texas,

been

-Stone.& Webster. Securi-

agent.* •

scrip

New York:,

of

had

line

PURCHASERS—The names qf tne purchasers of the bonds and the

.each

D)r„ issued ..in. connection with the stock dividend paid at that
.time, will expire for all purposes on June 30, 1949., and after that
date
will
be' without • value,
according to announcement made on

1949—4 Mos.—1948
$20,383,385 $17,208,420 $80,682,563 $67,649,676
84,059
65,622
302,427
248,335

miles of 24rinch

numerous

placed

(Pre-

10, 1943, series

the June

Carthage Field,

the pipe line system are of
in service in 1944 or thereafter.

ment

;

.fix

1949—Month—1948

Period End. April 30—

,

Texas, .1,180

one

respective

company's scrip'certificates of

Corpus* Christ!,

near

bridge crossing, over the Mississippi River; where one 18-inch pipe is
supported on each side of the highway toll bridge at Greenville, Misi
All of the pipe lines, compressor stations and other installed. equip¬

Scrip Valueless July 1—
The
.

the

company

plants,

*

a

Telegraph Co.—Earnings—

Southern Bell Telephone &

.

total
registration.
'>
for

shares were subscribed for
shates were removed from
169, p. 2648.

310,150

.

FieUf

transmission

power,

.

"

,

very

from

The

.

,

...

reported company will file shortly with the Securities and
Commission T a
registration statement covering approxi¬
$150,000,000 in new bonds.' Proceeds from the sale would
restore
working, capital
depleted by recent' heavy capital* expenditures.
It is expected that Morgan Stanley & Co. will be named as
the principal underwriter.
;
?
5
'
,.

*

othe*

number of

a

.

Dulce

main

Exchange

Co.—Subscriptions—)

to

contracts

under

,

line

mately

South Carolina Electric

gas

a

extending from the Stratton-Agua Dulce Field to Kenova, W. Va.;
85 miles of 20-inch line extending from Kenova to the Corriweli
Station of Hope in West Virginia.
In. addition, 1,052 ipiles of parallel
24, 26, 30 and 31-inch loop line and 73 miles of 20-inch extension

Standard Oil Co; (New Jersey)—May Finance—
It

167, p. 889.

sells

has

additional funds to finance its operations.
Company purt
small portion of its gas supply from this subsidiary. .

a

pressor

;!

O.—New Control—

Shaker Co., Cleveland,

regularly

and

Vice-Presidennt. The other officers were reelected.
was appointed Executive Assistant to the Presi¬

168, p. 750.

dent.—V.

.

the system?

line

B. D'Antoni

Vincent

. .

*

System.

PROPERTY—Company's main transmission pipe line is 1,364, miles
long, and consists of 99 miles of 16-inch line extending from* the
San Salvador Field in the Rio Grande Valley of Texas to, the Stratton-i

1

•••■*•

Gas

company

chases

'

Changes

—

also

available,

Chicopee
' '" ' "

the

Columbia

The

Agua
-

Lally, Executive

C.

$1.07
;
•',)

Nil

Steamship

&

to
'

'

purchase contracts.

company's principal deliveries of natural gas are for

wholly owned subsidiary, Coast Co.
(Del.),'
which was incorporated
in September, 1946, and which is engaged
in the acquisition of oil
and? gas leases, development and operation
thereof: and
the production
and sale of oil and gas.
As of April
30,
1949,
the
company
had invested a total of $2,463,959 in this
subsidiary represented by $100,000 of capital stock and $2,363,959
of notes,* and may find it advisable to advance,
or otherwise make
;

$1.48

moved

been

gas, per

customers.

.The corporation on June 2 announced the election of the following
officers:
Salvador' D'Antoni/Chairman of the Board; John Vaccaro,
Vice-Chairman of the Board; Blaise S. D'Antoni, President; and Ralph

$1,293,420 *$1,985,457

,.

$0.56

Nil

.

Fruit

Standard

Personnel—-

1949—6 Mos.-f 1948.

1949—3 Mos.—1949
$869,988 *$1,026,421

——-

com.

per

under gas

The

pany

closed its factory in Brooklyn, N. Y.,*

company

key personnel'has
1487.
" ;

equipment. and
168, P;.

lyn

factory.^-rV.

...

..

Aprils the

1,060,000 MCF of natural

of

total

a

Inc., through sales* to its subsidiary,1
United Fuel Gas Co.,
and for the system of Consolidated. Natural
Gas Co.,- through-sales-to its subsidiary,-Hope Natural Gas Co,
Sales
to these customers are made
under long-term
contracts. 1 The com¬

shares.

520,575

to

The
of

$775,000

$1.55

in

the company has two applications pending
authorization
further
to
Increase
the
delivery

■

-which:, it., had operated since 1895.
The building was sold at a price
;above its book value and possession' was given on June 15.
The Brook-:

Comp¬

,

..

..

on

$810,000

-

$0.77

* »

before the FPC.
capacity of its
day.
•.
'
The company's pipe line system
extends approximately 600 rpiles
through a natural gas producing area in Texas and Louisiana.
Com¬
pany • currently
purchases all' of Its natural gas requirements in this'

1948
1947
;
$1,510,000' $1,470,000
700,000 *695,000

$400,000
-

gas

system

Co.—Offering Termin¬
as representative, an¬
on the

1949 *
$610,000
210,000

share

per

••"Based

~

Period End:

Hutzler,

(estimated)

income

Net

•

a

Servel. Inc.—Earnings—
Net

&

;*

has been authorized by the Federal Power Commission
delivery capacity of" its system to 831,000 MCF' of
per
day.
At the present time the company, is" actively
a
construction 'program
to
attain
such capacity.
In*

the

addition,

Spalding & Bros., Inc. (& Subs.)—Earnings—

(A. G.)

.

JEarns.

natural

engaged

syndicate has been terminated

Six Months Ended April 30—
profit after charges (est.)
Income taxes
(estimated)

majority of the common stocx outstanding,
.approximately 2,000.000 shares, said Mr. Smith.
.A stockholders' meeting
has been set for Aug. 3.
Stockholders of
record on June 24, 1949 will be entitled tc vote'.—V. 169, p. 209. ,
of

Electric

Net

,

committee, .headed by Joseph D. McGoldrick, former
troller of New York City, is still soliciting proxies. It expects to
The

support

Bros.

&

)

stockholders' committee seeking to take over the
management of this company has received signed proxies representing
about 675.000 shares of common stock, according to Henry Smith, a
of

Gas

'*'*

1949.

of

company,

expand

area

independent

member

$5,715,215
4,342,518

to

Co.—Stockholders' Group Get

Segal Lock & Hardware
i-An

$5,535,998
3,750,534

end

The

7,917,778

offering of $4,500,000 first mortgage bonds, series C, 3%,
due 1979. See also V. 169, p. 2648.

Co.; Union Securities Corp.; Alex. Brown & Sons;'
Corp.; White, Weld & Co. and approxi¬
underwriters.—V. 169, p. 2648.

Large Number of Proxies—
%

$1,331,618
962,816

the

57,537,824

for

that the

nounces

Lee Higginson

Co.;

60

70,904,058
8,694,254

$1,641,791
1,170,745

charges—L—

14,957,743
1,890,350

169, p. 2534.

ated—Salomon

issue., Other underwriters named in the amendment include Blyth,
& Co., Inc.; Dillon, Read & Co.; Kuhn, Loeb & Co.;
Morgan Stanley
& Co.; Goldman, Sachs & Co.; Stone & Webster Securities Corp.; Glore,
Forgan & Co.; Hayden, Stone & Co.; Kidder, Peabody & Co.; Lazard
Freres & Co.; Lenman Brothers; Merrill Lynch, Pierce, Fenner & Beane;

,

17,202,279
2,311,104

*

Southwestern

...

Inc. will be the principal

Co.,

&

.

income

operating

after

Net

retire the entire issue by

to

the 24th and

Net

-

and

from

$21,155,174 $18,179,711 $85,134,310 $71,170,817

__

Operating taxes...-

maturity, the amounts to
ranging from $650,000 in the second year to $3,500,000 each

is designed

Harriman Ripley

t

price

a

thereafter

rev.

revenues

^.Operating expenses

operation of,

sinking fund redemption price

the

retired

in

at

premium

which

ing

oper.

Operating

.

13

exclusive
of "deliveries made "through--the'-War
Emergency Pipe Lines which the company held under temporary lease^
the WAA from Dec. 2, 1946 through April 30, 1947,
Deliveries
during the first four months of 1949 have averaged approximately*
617,000 MCF per day.
Company expects, subject to unforeseen con¬
tingencies, to increase delivery Capacity to 710,000 MCF per day by

" 1949—4 Mos.—1948 »

1949—Month—1948

$21,236,498 $18,256,591 $85,462,552 $71,438,294
81,324
66,880
328,242
267,477

revenues

Uncollectible

the company
reduction of'onethereafter, except that there will- be

for the first five years and at

102 V2

premium for redemption after June I, 1972.
debentures are also to be redeemable through, the

ho

Operating

debentures will be redeemable at the option of

new

price of

a

half

Period End. April 30—

subsidiary of Distillers Cor¬

(2757)

MCf, ' respectively,

'

1949.

wholly-owned

a

CHRONICLE

FINANCIAL

&

Southwestern Bell Telephone Co.—Earnings—

amendment to the registration statement
The issue was placed in registration

to an

the SEC June 23,

with

June

on

COMMERCIAL

THE

Number 4815

169

Mills Corp.

Director of

as

exchange

The

Midland

Marine

i^febtrar for the common
lative preference stock, no

has

York

New

been

transferable, two-year 4%
not to exceed $3,000,000.

Kelly has Joined the company as Special Account Executive,
tfoflting under F. E. Schluter, President.
•
*
Mr. Kelly has been Assistant Sales Manager and then Sales Man¬
ager of American Brakeblok Division of American
Brake Shoe Co;
Fred J.

12

169, p. 2688.

years.—V.

'

-

to

the

run

This

■

that

property.

'

forced

was

position

the

action

reorganization

because

of

Dividends

Clas3

whether
S.

seek

tc

the

one-cent

but

Commission

increase

fare

rejected

by

New

already

Earnings
"On

1947,

payment

and

unpaid
year-end.

1948

Mi.

Gordon,

lack

the

on

interest

adjustment

York

bonds

these

on

bonds

City's

totaled

Oct.

$21,993,840

company

insolvent

was

to

"title Guarantee
Jbhn

P.

Billhardt,

it

to

mate

office

office

extent

of

$45,000,000.—V.

169,

chief

tit'e

officer

the

oi

Ktffilman

Harry E. Kuhlman, Vice-President,
develop customer relations of the title

will

coordinate

pTOhlems.—V.

customer

169,

relations

the

in

will

Other

'transcontinental

Bus System,

has

company

Profit

the

ICC

application said

that

favbted the exchange in
firitfrcial structure.

than

more

to

issue

96%

the

of

in

the

Funds

30,

at

the

1948,

value

end

was

of

of

the capital

May,

stock

compared

as

(per share)

value of

"Par

with

Feb.

28,

business,

of

begin,

Fund__L-

of

goods

profit

Expenses

^Preferred Stock Fund

Total

the

in

business,

of

end

FOR THE

30,

Bond

Fund

V.

——_7:

—

in

$502,502

■

479,607

—

$22,895

United
in

rmiles
and

a

Air

1

—

$5,125
1,765

.

May,*

gain

17%

-flown

'

4%

were

of

from

Vice-President—traffic

estimated

an

increase

an

of

flew

—-

f

:

and

Plants

liy2%

April,

and

from

it

sales.

was

the

by

revenue

less than in May, 1948/attd
only 11%
month, United flew n'n estimated

During, theten mU*s, a-decrease of 5%

month

same

reported

Actually

BALANCE

SHEET,

hand-

on

—

(net)

properties

116,466

57,742
14,967

—

'

"

payable

May,. 1948,

and

22Va%

air

(trade).

(estimated)____;

surplus

19,207

share)—

per

:

286,118

in

February,

1948

the

San

Antonio

plant

incorporated under the laws of the State of Texas

1714.

p.

sold

was

Feb. 3,

on

,Vi

'

a gain of 20% from May, 1948, but a drop
April, and 481,300 air express ton miles, a decrease of
of last year but an increase of 6 ¥2%
from April
V; 169, p. 2215. 4
8%

16%

from

from

May

share

States

&

International

Securities Corp.—Sale

of Portfolio Holdings—
The

have1

corporation

applied

to

and

the

for

States

an

&

national to sell to Foreign 17,500 shares

leum

and

Corp.

tion Co.
r.

22,500

at current

foreign

owns

shares

market

Foreign

exemption

of

stock

order

Securities

Corp.

permitting

Inter¬

of stock of Amerada Petro¬

of

Louisiana

Land

&

Explora¬

prices,

of the

outstanding voting securi¬
affiliation which under the Invest¬

ty cf International, creating

an
Company Act makes such transaction unlawful unless exempted
by (be Commission.
;
i
The transactloa is;part of a program of
International to'sell and
transfer lcertain portfolio securities on which,
jt has an /unrealized
profit and to credit the profits together with certain available
surplus
,.

acccunts
01

to

dividends

a

special
on

its

reserve,

second

in

order

preferred




the

to

and

make

possible

common

made

were

declared

to

record

July

the

omit

the

on

this

op

the

$4 cumulative

of

;

■

W.

Wood,

involved

the

the

stock.

payment
This

will

Special

on

ciose tc

amount

of

issues

Van

bid,

$2,836,400

of

common

issue

usual

f

stock.

June

on

series

receive

$180

Co.;

Master .in

$1,800,000

1488."

p.

Bankruptcy

.V*

.

1

■

,

i,.,

+'.

.>• *>-'•

-V/,

*

1949.
(par 15c) are authorized,
outstanding.
110,000 preferred

presently

are

par)

are

preferred

of

stock

net

will

but

entire

$3

value.

par

stock

The. common

has

:
proceeds have not been allocated to any specific

be

used
will

issue

the

that

directors

of

at

'

power.

may

as
be

received.
sold,

There

but

if

is

the

assurance given
issue is sold

no

entire

be used in such manner as
from time to time determine to be for the
proceeds

will

interests of the company,

Kinnard & Otis, Inc.i have withdrawn as underwriters
proposed offering of 20,000 shares of class A stock, which it
proposed to offer at $5 per share.—V. 169, p. 2689.

it5

details

Dec.

of

elected

due

Dec.

$1,000

were

25

sold

for

of

The
a

Shaker

newly

investor and

1

1958,

leaving

Accrued

ap¬

inter¬

Holders of the certificates of indebt¬

31,

and

1948,

certificate,

or

18%

extended

of

the

was

acquired

the

in

to
1958, will
$3,127,212 issue^

name

Mr.

President;

and

Cleveland

S.

C.

Stock

•

"

J \

of

the

Division, has been
*'

Net

realized

No.

of

—V.

(excl. gain

income

Net

•

interest

administrative

and

General

and

loss

on

on

*

•

.

received^--

expenses-—____—

,

,

1948
$10,155

6,459

8,293
$1,862

,

111

investments—™—,———

,

r

$12,575

• .J;

investments)

'I

514,318

outstanding at end of period

shares

169/p. 1929.

1949

$19,034

•

Cr20,664

516,403

■.../,■.

•

Yale & Townc Mfg. Co.—New General

;

"

Samuel
'

-

&

F.

Twelve

Manager—

Rolph has been appointed General: Manager of the Sager
Works division, to succeed George J. Macklin, whose

Lock

Barrows

becomes effective June 30.
Mr. Roiph will continue as
General Manager of the Norton Door Closer Co. division in Chicago.
David W. Morrow of East Orange, N. J., has been appointed Budget
resignation

Manager.
nautical

Prior
of

to joining this company in December,
Budget Records and Statistics for the

Corp. in Woodridge, N. J.—V.

1948, he was
Wright Aero¬

169, p. 2689.

corporation

entirely owped by /J. .C.
Chairman of the Board of the Lincoln Electric
senior partner of. Gordon, Machlin <5s Co.,

MachLin,

kwhrsr, a decrease of 12.50%
for the corresponding week of

H. Borne, Manager of the Wool Fabrics
Vice-Presiednt.—V. 1G9, p. 420.

Administrator

Co.

organized

\

1'

and^G; 8. 'Machlin,
Of 'the

/

bond

two

1

to

kwhrs.

Whitman Co., Inc.—New Vice-President—

dividends

/Total

May

on

outstanding.

•

,

'

available

extended

a

91,899,800

104,501,000

Wisconsin Investment Co.—Earnings—
Quarters Ended March 31—'
"
- —
%

$1,000 bond, or about 42%,'wiil be made
certificates of
indebtedness, series
1925,

certificates still

of

169, p. 2689.

Charles

per

Co.—Weekly Output—

totaled

1949

10,

$2

.•

,

18,

output

1948.—V.

Distributions

dividend

For further

Insurance Co. of America.
169, p. 2689.

output of the electric properties of this company for the week

June

the

over

dividend

stock, payable Aug. 1
...
• 1

Court,

made

be

V.

see

Placed

announced June

West Penn Electric

and

18

Corp.—Note

was

Prudential

by
'

f

will

Co.
per

these

1928,

are:

pany

13,876

—i.-——26,395

amounting to

shares

(William)

$5,700,000.

$427

of

per

Co.,

members

;

—

Privately—The corpo¬
21, has sold privately
through Whiting, Weeks & Stubbs, Boston, $15,000,000
4.50% secured promissory note. The note was purchased

to

leaving a balance of 82%.

Lincoln,

•

$18,877

—--

——;

corporation had on hand unfilled orders
approximately $337,220, providing

the

1949

sets

*

the

.

semi-annual

168,

est on this issue totals $2,878,000.

Stock

1,

delivery by Dec/-15,

261,266

($3

ended

semi-annual

convertible preferred

outstanding
Dec. "31, 1948; but

matured

proximately 58%

Eighty

/:

January

40,043

receivers

.

its'own

41,111
—

Virginian

■

15.—V.

Sweringen

distribution

which

*'

assemble

*

to

1948.

9,414 of the 9.422.4 outstanding shares of The Shaker CQ/, a subsidiary,
to
the Lincoln-Machlin group on a
bid of $2,000,000, the only bid
made.
Since the buyers assume a mortgage of about
$3,650,000 the
Of

—

—

Jupe

ration,

•

B.

started

March

board

was

1.

Sweringen Co.—Sells Shaker Stock—

edness,

approximately 80%

ment

each

directors
on

Van

A

United

SEC

voted

22

.

holders

to

deal

Jfalted

June

on

year.

April;

Ccd^tOO'maR rton miles,

pi

directors

The

year

Crary,
miles

it

Virginia Dare Stores Corp.—Underwriters Withdraw—

Co., a wholly owned subsidiary company which

ordinarily payable about this time

"

of

private

Gearhart,

$1,061,144

Antonio By-Products

cents

since

38,697

the

of

291,813

$800,002

——

NOTE—Early

25

names

own

the

agreement with Radio

an

40,368

contemplated

is

the

30,317

was

last

the

their

follows:

i

voting

best

400,000

San

The

under

discontinued

company

1949—

that

218,156

'400"666
30,317

$10

—:

—

169,

1948, the
contractors and

by

under

100

value

(par

Earned surplus

—V.

sold

sets

it

also

February

purpose,

10,167

payable

Total

of

whereby it obtained a license to manufacture
incorporating
various
Radio
Corp.
of
America

as

it

42,448
20,000

____

_

payable

the

the

corporation

are

PURPOSE—Tne

$48,143

7,626

tax

sole

$1,061,144

$56,735

payable
income

Paid-in

freight

from

1948

for

and

name

20,283

which

shares

5,841

etc

wages,

own

have

to

July

assembled

sets

its

$12,534

of

/

payable to employees--

place

outstanding 21,466 shares of preferred stock at $1 par, which, pursuant
to
the recapitalization,
have been
changed into
rights to '7,155y3

465,044

$800,002

——

LIABILITIES—

principal

The

special meeting of stockholders, held May 27, 1949, the authorized
preferred shares were recapitalized frcm 125,000 a $1 par, to 110,000
at $3 par.
Before the recapitalization there were issued and

13,602

13,375

462,305

__

.

Inc.

to

165,628

etc.-

.

Videodyne,

authorized, of which the rights to 7,155 % shares
are
outstanding.. Before recapitalization there were issued and out¬
standing 21,466 shares of preferred stock at $1 par each.
Pursuant

$139,751
271,278

,

Brands,

33 Jefferson Street, Stamford, Conn.
organized to sell and manufacture television re¬
and other electronic equipment and parts.
During

.-j-.——

shares

1948

$135,147

——

(net):

-

American

CAPITALIZATION—750,000 common shares

31

^

receivable

accounts

and

Accounts

JAN;

160
and

shares

1949

and

Great

of

name

Co.,

organized

-

the

complete

above April, 1949.

1,697,700

from

last

Harold
airplane

Tower

,

originally

1947 the company entered into

television

of

reported under

as

Corporation

States

was

—

As

$0.09

"

Total

of

passenger

Terminal

of America,

for

receivables.-

Inventories

to

name

receivers

November

$3,749

—*

—-——

~

profits for the quarter ended Jan. 31, 1949

banks

in

Notes

Passenger Miles
revenue

of

lease.

December

3,141

-

CONSOLIDATED

5.87

123,511,500

plus

of

Na¬

at

under

September

$6,890
(estimated).

taxes

United

under the

television

its

1948,

Power

Lines

stock

Central

of operation, from May 1947 until about July

31,

by

July

August

169, p. 2215.

United Air Lines, Inc.—More Revenue
Flewn in May—

houses

Building,

31, 1947 changed its name to Columbia
May 27, 1949 the stockholders approved the

October

—

of

agent:

1948:

17,770,

profit

ASSETS—
Cash

20.91

5.74

which

shares

52,000

Building

100 %

Republic

patents.
Sales

—

of March 23, 1949 have now been decreased by $3,342 due to
adjustments proposed by the company's independent auditors.
The
principal adjustment was an Increase in the provision for losses in

n.34

5'.64

Building,

Hotel,

the

Dec.
on

desiring

said

date

18 1^

20.63

also

Terminal

Cleveland

Cleveland

includes

was

about

On Dec.

QUARTER ENDED

—

share——

per

The net

Nov.

11.20

Midland

1947

on

of

same

Corporation

Valspar Corp.—Omits Common Dividend—
'

had

the

under

$291,813

Issued as stock dividend

$6.96

C——_—

year

1949

:

Net profit

Profit

Note

i« 26

the

of

which

'

and

located

for

various

17.08

—7,-_

par

contracting
of the assembling of sets, and did all the assembling in its own
factory
at 33 Jefferson Street, Stamford, Conn., which factory,
consisting of
about 10,000 square feet, was being operated
by the corporation under
a
lease since
1947, and is still being occupied by the corporation

80,000

$286,118

year

,——.

sold

income

Dividend

17.71

Fund
Bond Fund A_

stock

BUSINESS—Company

equipment

television

——

—

Federal

Bonuses

20.54

Bond

is

In

200,000

income

Accrued

$6.58

controls

the

transfer

Inc.,

purchasers

$571,812

40,000

—4.———

Operating
Other

Canada:

$6.24

_—__

sub¬

$1

Pathe Industries, Inc., a (Robert
that during the course of the pro¬

said

Co.,

office;

July

and

be

of

approximately 4,400 shareholders

York.

AND

first

resold

224,744

I

——

Gross

Fi¬

follows:

as

Stock

the

$347,068

—

APRIL

May 31, '49 Feb. 28, '49 Nov. 30, '48
Common

and
New

company

ceivers,

212,000

291,813

year

declared

or

OF OPERATIONS

sales

Net

Chatham,

1949

will

shares

1607.

change

business

$559,068

18,450

20,000 shares of capital stock

RESULTS

Mr. *

holders

the

main-

subsequently

further

(100%) on Aug. 15, 1947.

Capital Stock
of

of

old

incorporated in May

Inc.,

45,654

_

paid—

retained

Profits

Union Trusteed Funds, Inc.—Net Asset Values—
asset

the

p.

HISTORY

$513,414

20,623

$326,118

Federal

net

152,

Registrar

301

$32,132
—

tax

Unexpired insurance, prepaid taxes,
Long-term advances (secured)

Halifax, Saint John, Quebec, Montreal, Ottawa, Toronto,
Winhipeg, Regina, Calgary and Vancouver.—V. 168, p. 2164.

1,744,800

First Guardian Securities Corp. at $3 per share.

■

the belief that it would strengthen company's

Canadian Bank-of Commerce in any of the
following cities In

and

Broadway,

4,216

$34,305

paid

dividends

"Stock

There have been called for redemption on July
20, next, through the
operation of the sinking fund, $250,000 of 4J/2% first mortgage bonds
due Dec. 1, 1950, at 101 and interest.
Payment will be made at The

The

18~521

—__

—

..

Bank's

42,448

year—1

for

$6,450,000

debenture

recommended

plan

Videodyne, Inc., Stamford, Conn. — Stock Offered—
offering of 100,000 shares ($3 par) 6% cumulative
convertible preferred stock was made June 22 by The

105,938

——

.

dividends

Cash

tJnion Gas Co. of Canada, Ltd.—Partial
Redemption—

■■

tional

Co.—V.

•

authority

of

and

the

acceptance.

heid by

was

Terminal

Hall

labels.

Inc., Dallas—Plans Stock

for

hands

Corp.

100%

owns

Guild

1948

90,685

—

retained

Profits

,,

asked

Prospect

company

preferred stock.
The company said the issue will be exchanged
like amount of 15-year, 4% debentures which it wants to retire.

The

—

income

collection

■

report,

for

outstanding

are

It

Sweringen

which

the

3,544,682

$52,755

Cost

-Issue—

Tlie

-

Estimated Federal income

nancing—The company borrowed $15,000,000 on May 31,
representing the fifth instalment covered by loan and
guaranty agreements with eight insurance companies,
darted July 18, 1947, providing a credit of not more than
$125,000,000. The 2.55% notes are payable in instalments
to 1962 and are guaranteed as to
principal and interest
by the Texas Co., Standard Oil Co. of California, Stand¬
ard Oil Co.
(New Jersey)
(30% each)
and Socony
.Vacuum Oil Co. (10%).—V. 169, p. 2688.

,

paid

office

Further Private

—

Van

Co.,

The

2215.

p.

the

1,200,000 shares

Television,

the

division.

Westchester

in

the

but

The

•

been

join

has

Court

Federal

in

for
reorganization
claims
approximating $40,000,000 were
through litigation and compromise these claims were reduced
to about $1,300,000 principal amount, it was stated.

$4,210,998

3,319,325

33

accounts-

doubtful

for

Interest

1,

the wide Held of title insurance

over

"frans-Arabian Pipe Line Co.

5Vt%

1949

$3,460,696

Total

has

company,

split five-

was

to receive shares in the
for each 10 shares of old

ceedings

(& Subs.)—Annual Report—

sales

2688.

p.

This stock
are

share

one

plan

approves

shareholders

Corp.

Young enterprise.

of

the

and

stock

common

filed

the

with

to

tAfter reserve

goods sold
———
—
General, administrative and selling expensesBonuses to employees™—-——

& Trust Co., N.'Y.—New Vice-Pres.—

,atftf' act in.a consulting capacity

"

participating

creditors

which

$1.88
*83.00
Nil
*$1.32
provisions.—V. 168,

Nil
Nil

share—*
share
basis.
tLoss.

Cost of

400ted Vice-President and wiT assume complete charge of the bank's
Westchester office in White Plains, N. Y.> effective June 21, 1949.
Thomas H. Sheeby, Vice-President, who shared direction of the Westtheater

outstanding—

rate

filed

If the Court

R.

39,458

249,743
397,010

to

at-the

Russo

Sweringen

value

960,000
$1,275,442
249,743
397,010

Years Ended Jan, 31—
Net

reorganization
for

Mr.

approval.

of

.

the

impossible

tue

40,908
354,000
8470,542
249,743
397,010

tS613,437

Balance

consenting

made

stock.

the

at

corporation

new

Swerlngen Corp.

Public

of

Board

made

was

#

in

time

of

Shareholders of the Van

$2,274,900

8865,450

42,887
taxes

Valcar Enterprises, Inc.

petition, stated
company to calculate
its current asset and debit position, as required
by law. Judge Kauf¬
man fixed Aug, 4, for the
filing'of creditors claims against the com¬
pany.
T*he original action, filed by Seymour M. Heilbron, counsel for three
bondholders owning $16,300 of the refunding issue, alleged that the
thdt

by the trustees of the Van Swerlngen Corp.
in January, 1949.

for-one

Van

—■-—

—

-

common

per

Provision

interest

the transfer to this corporation of the assets
consisting of cash
and 166,405 shares of stock of the Cleveland Terminal
Building Co. held

89.

p.

Estimate.
Last

19,000

cos.__,

outstanding

shares

A

—-

—~

$1,000 note.

and

1948
1947
$852,450 *$2,267,050
13,000
' 7,850

..

t$570,550

Earnings per class A

by

approved

affil.

& State inc.

.

Common shares

the first duties of the trustees, Judge Kaufman announced,
negotiation of a new contract with the CIO Transport
Union, to replace the - present contract expiring June 30.
Judge Kaufman also announced it would be up to the trustees' discre¬
P.

income

Net

the

the*

for Federal

Prov.

Workers
tion

in

for each

plan, filed by the trustees of this corporation, namely, Frederick
and Kenneth Resseger,
proposes
the formation of fa new
corporation with authorized capital of 750,000 shares of common stock

its

1949
t$589,550

.

-

Depreciation '-7—.

in¬

its

April 30—

invest,

on

Total

l, 1932, to July l, 1949.
Holders will have the option
period to exchange their new debentures for cash at the

Leckie

L.

r

Months Ended

six

Ohe of
be

amount

of

Nov.

limited

a

rate of $1,960

be Issued in exchange for and upon
securities of International to Devon.

to

are

certain .portfolio

706.

p.

notes

The

Profit from operations

ability to meet the interest payment due July 1 on its $14,830,550 of
first refunding 4%
mortgage bonds.
This situation resulted from
tW company's failure to receive approval of a one-cent fare increase
on Jts
bus lines in New York City and Westchester County, he said.
will

for

United States Leather Co. (& Subs.)—Earnings-

was

accede to

to

debentures

gold

interest from

mitted

insufficient to meet the interest payment
due July 1 on its refunding mortgage bonds.
i Last Oet. 25 a petition was filed by three bondholders asking for
involuntary reorganization of the company under Chapter 10 of the
Bankruptcy Act,'
Judge Kaufman named as trustees 1/ Howard Lehman, President
of the New York County Lawyers Association, and Lester T. Doyle,
a
partner in Hardy & Co., New York investment brokers.
James
HOdes, Presdent of Third Avenue Transit, was named as an addi¬
tional trustee, to serve at least until the reorganization proceeding
is under way/ Judge Kaufman said.
Mortimer S. Gordon, Third Avenue's Chairman, said the company
cash

169,

for reorganization of this corporation filed
Russo, Special Master, public holders of the fivethe corporation due May l, 1935, will receive
covering the principal amount of their notes, with

6%

new

company's statement In U. S. District Court

action folkiwed the

its

of

transfer

the

—V.

plan

16 by Charles I.

year

by

stock of Devon

additional

reorganization

proposed

a

June

has an author¬
capital of 20,000 capital shares ($1 par), of which 10 shares
been issued to and are owned by International.
The note and

have

Judge Samuel H. Kaufman June 21 ordered the Involuntary
of the- corporation and the appointment of trustees

Federal

principal

the

in

Devon

$1,000—

Under

hearing thereon.
A recently formed subsidiary cf International, Devon
ized

Corp.—Trustees Appointed—

of

note

Patterson.—V. 150.

Swerlngen Corp.—Plan Offers Note Holders $1,-

960 per

the Commission, such transaction Is prohibited
because the Devon note does not have asset coverage of at least 300%,
The SEC
has given interested persons until June 27 to request a
exempted

Unless

„

Third Avenue Transit

Van

and

United

sale

the

for

stock

Lines

Air

&

3531.

p.

Eastern

of the law firm of Baker, Hosteller

partners

are

.

also have applied to the SEC for an exemption order permitting
by Devon and
the purchase by International of a non¬

Corp.

Thermoid Co.—New Executive Appointed—

of

Monday, June 27, 1949

sell on stock

proposes to

Fruit Co. stock, and to transfer securities of
17 other companies
to Devon Securities Corp,, a wholly-owned investment company subsidiary of International.
The SEC has given interested persons until June 27 to request a
hearing on the proposed sale of stock by International to Foreign.
The
International corporation and its subsidiary, Devon Securities

appointed
stock, $5 par value, and convertible cumu¬
par value.—V. 169, p. 2215.
.of

Co

Trust

18,200

market

open

on

or

shares

4 000

Inc.—Registrar—

Thatcher Glass Mfg. Co.,
\

In

2*88.

p.

qualify for special tax benefits under Supple¬

to

Q of the International Revenue Code.
addition to such transfer, International

ment

Mr. Spooner immediately Joined BuiliDgton
Advertising and Public Relations.'—V. 169,

amtttinced his resignation.

International

enable

day John
advertising,

ol marketing and a
director. The following
Vice-Present in charge of public relations and

charge

ill

Spottier,

FINANCIAL CHRONICLE

&

COMMERCIAL

THE

(2758)

14

Exchange.

President

and

Thayer, Secretary.

Officers of

Treasurer;

Mr.

W.

Bemis and

(L. A.)

new

com¬

N.

Bemis,

Vice-

elected

the

H.

Mr.

Thayer

D.

Ely,

Young Spring & Wire Co.—New Pres., Etc.—
Cant L. Cook and Mrs. Ola Young on June 21 were
Chairman and a director, respectively, to succeed
who has resigned frcm the three pests.—V. 169, p. 1929.

President,

L. A. Young,

Volume

169

Number 4815

THE

COMMERCIAL

Stock Record

&

FINANCIAL

CHRONICLE

(2759)

New York Stock Exchange

MILT RANGE OF PRICES

WEEKLY VOLUME OF TMMNG

TERRLV RANGE OF SALE PRICES

FOR EVERT LISTED ISSUE

Range for Previous

STOCKS

Year 1948

Lowest

Range Since
Lowest

Highest

t per share

t per share

Dec

2%

100

Dec

6%

Jan

Jun

70

May

May

14%

Feb
Dec

27 y8

Dec

7%

Feb

16
13

xl7% Jun
35

3% Jan

Dec

2%

Nov

13%

Dec

65
-

27% May
108
May
4% May

Nov

Nov

19% Jan

6

Adams

5

41% Apr

7

Adams-Millls

30

5

20

20 % May 17
8% Apr 19

2%
37

58%

9
21

$3
Air

Alabama

2

Alaska

Juneau

3

Aldens

inc

Mar

4

May

2

2% Feb £5

3

Oct

40 y2 Feb

25

49

May

64% Jan

24

Dec

34

May

17% Jun

14

100

Dec

109 '

May

90

Mar

96

4%%

*171

Mar

16%
25

Feb

81

Mar

1

25

Jun

83% Jan

42% May

25% Feb

25

98

76

22

83

Dec

X25

NOV

-

3%

31%

Nov

•

Nov

50

83%

Feb

121

6%

Dec

52%

Oct

47

Feb

Dec

3

Sep
Dec

Feb

Apr

Jun

May 17

14

43

3Y*%

31% May 10
3% Jan
6

29

3

89% Feb

May

106

7

34% Jan

Jan

25

American

May 18

3%%

24% Mar 31

62% Jan

19

66% Feb

1

2% Jun

49%

Nov

100%

18% Mar

27

Amer Brake

10% Jan

3

American

Amer Cable A Radio
Corp
American Can Co common

3% Jan

4%

7

3

93% Apr

27

181% Jun

13

Jun

21% Jun

Jan

60

6

33% Jan

Jun

1

82

May

19% Jun

14

106 % May

Jan

110

Aug

38

Dec

51

May

15

39% Feb

15

46 % Apr

Dec

20%

Jun

15% Feb

14%

Dec

22%

Jun

14

Dec

94

Jun

73

Jun

21

33%

Feb

43

Oct

35% Feb

8

94%

Feb

25

Feb

Jun

Jun

8

Jan

14

87

99

Mar 11

106 % May 17
-

36% Mar 31

# per share
5

Jan

t per share
v

13%

1%
42

non-cum

American
l

4%%
3%%

Dec

3%

Dec

46

Jun

20% Feb
5%
79

Dec
Dec

3

37

Jun

17

51

Jan

31

34

Jun

13

37% Feb

4

7%

53

3% Jun

Jan
Jan

46

26% May

Jun

24% Jan

8% May

5% Jan

9% Apr

6

5

3

29

5

Jan

73

Feb

Jan

19

Jun

16%

Dec

26%

Jun

123/aJun

Feb

Jun

73

Jun

22

11% Jun

13

108

Dec

21% May
94% Jun

Dec

6

93

10% May

Dec

5%
29

15% Mar

Dec

35

76

Jan

1

102

7

13

96% Jan

98

8%

Dec

4

Jan

5% Jan

-

Dec

11%

Jun

7% Feb

25

80%

Nov

95% May
86% May
16% May

83% Feb

11

70% Feb

10

176

32

10

Jan

169

Dec

12%

Jan

Feb

28

Oct

Sep

46%

Feb
Mar

31

Mar

125

Nov

25% Nov
Dec

21

10%

Dec

34%

Feb

116% Mar

16%

Dec

147% Mar

Jun

6

Mar 31

14

46
68

163%
140

6% Mar
23% Jan

Apr
May

37

Jun

142

35% May
Jan

Jun

39% Jun

8
4

22

*

Oct

17
13

Jan

7% Jun

17

31% Feb

25

41
May
131% July
20% May

120

158%

138

Jun

10

16% Jun

24

Jun

14

463/4

Feb

115%

Nov

6%

Dec

X33% Nov
Dec

90

763/4 Mar
x5%

Dec

51

Nov

30%

Feb

30

Feb

25%

Oct

93

Sep

46% Mar
18%

Feb

8

Mar

4

Dec

Jan

71% July
120

8%

Jun

60% Jan
135

Jan

3
3

49% May 10
X117% Apr

18

Apr

6% Jan

3

56% July
104
Jun

21% Jun

6

112% July
8% Jun

593/4 Jun

2

83

Mar 31

35%

35%
9%

35%

35%

35%

21%

21%

22%

*21%

64%

*63%

64%

63%

7%

8

8

5%

96%

96%

5%

2%
88 %

5%

2%

23%

22%

♦108

108%

14%

10'j

*72%

73%

lo

40%

41%

preferred series A.100

104%

105

27%

28

com

Distilling Co

20

*21%

22

21%

21%

22

63%

62 %

8

63%

7%

31%

*96%

97%

*97

5%

5%

53/4

2%

23/4

2%

89%

89%

90%

177%

178

Export Lines

t per share

1

42%

*42

42%

17%

*16%

17%

14%

-14%

14%

*14

73

*72%

73%

*723/4

41%

40%

41%

105%

*105%

106%

105%

28%

28%

28%

*28

Tuesday.

15%

1%

41%

\ *16%
*

41%

38

35

1

*3

50

*45

com

preferred

American Home Products
American Ice Co com

7%

1

7V4

*153/4

16

7%

73/a

73/a
38%

7%
39%

35

35

3'%

*3%

*45

28

28%

7%

*45

48

28%

7%

•

7%

*82

American International Corp_No par
American Investment Co of HI
1
American Locomotive common
1

12

12

12

12

16%

100

No par
100

Amer Machine A Metals

No par

13%

*71%
STOCK

♦16%

EXCHANGE

*763/4
*4%

1%

*7%

28%

1 7%

;

7%

39%

23

343/4

88

11%

*11%

32

12

12

*16%

*16%

16%

18%

16%

13%

13%

133/8

13%

14

733/4

73%

73%

12

113/4

12

73%

73

73

*723/4

12

12

12

11%

78

*763/4

78

*76%

5

♦43/8

23

223/4

23
♦100

101%

6

5%
*34%

'

♦100

5%

5

23%
101 y2

78

*4%
23 k

♦77

5
v

*100

♦53/8

6

5%

*34%

35

♦34%

101

5%

9 3/8

9%

9%

91 y8

91%

75%

75%

76%

No par

103/4

Feb

25

154% Jan

Jan

10

7

26% May 13
12% Jan 13
37% Jan 10
126% Jan 17

18% May 19
150% Jan

5

May 13
70% May 26

149% Jun
63
120

Jan

13

8y« Mar 30
17

91% Mar 11
80

Jan

preferred

100

♦172

Safety Razor
5
Seating Co
No par
Amer Ship Building Co
No par
Am Smelt A
Refg common__No par
7% preferred
100

*7

American

27

American Snuff Co
6%

non-cum

American

preferred

6%

37

*172

7

6%

273/4

413%

263/4

38%

39

11%
175
7

263/4
39

42

41%

41%

150

150
37

140

11%
175

149%

150%

37

139%

373/8

139%

*137

373/a
139

11%
172

-

39

4

5%

American
7%

38

38%
139

*137

Works

Co

Inc

21%

22

23%

24

24

24

25

25

25%

25

25

8

8

i

35

8

35%

8

8

*35%

36

121%

35%

122

7%
35%

16%

138%

138%

138 3/8

138%

1383/4

♦120

•

67%
145%

138%

138%

139%

138 3/4

67

67%

61%

67%

67%

144

145%

143%

143%

45%

Jun

Copper .Mining

22% Jun

14

35% Jan

8

Anaconda

Wire

38%

Jan
Jun

3
25% Jan
99% Mar 29

Jun

48% Jun

20

153/a Jun

13

233/4 Jan

7

8% May 13
2% Jun
3

10% Jan

12

4% Jan

5

.34% May 31
2

55% Jan 27

A

Anchor Hock Glass

145

Cable

67%

Copper

54%

*119

143

54%

145
55

1193/4
.

7%

Mining

A P W Products Co Inc

*119

7%

25%
*80

1193/4
7%

26%

60%

60%

60%

1

4%

4%

4%

43%

25
50

52

52

52

52

25%

26%

26%

263/a

No par

22%

33%
♦103

21%

24%
34%

103%

48%

49

lo
20

15%

16%

5

*23/4

*8

For footnotes see page 26.
miiim

500

16%

2,100

13,700'

139

11,200
67%

87%
60 3/4

No par

Anderson. Oikyton A Co
Anderson-Prichard Oil Corp
Andes

53%

Corp com__12.50

•4 preferred

500

122

'

„

Wo par

$5 prior conv preferred

122

■

If*

66%

7%

123

1,500

35%

16%

87%

Anaconda

35%

16%

123

900

*

16%

♦120

'

7%

7%

..

16%

26%

7

8

35%

16%

25

35% Jan

30

21%

*80

14

700

2,200

20%

—100
com

430

38%
139

21

common__No par

; $4 conv prior preference
Amer Zinc Lead & Smelt

4,000

20%

*16%

i

290

42%

21

16%

100
5

;

39

38%

16%

f

700

150%

42%
150

20

1,400

273/a

39

42%

12,900

7

•27

150%

-

543/4

55

143

-

9

.2%

243/a
34

243/4
34

102%

103

*48%

50

16%

119%
7%

253/a

119%
7%
26

55%

56%

6,300

119

119

*118%

119%

200

7%

7%

253/a

26%

7%

7%

25%

26%

*83

60

60%

60

87%
60

*85
60

4%

4%

*4%

4%

*4%

*52%

53%

533/4

533/4

263%

26%

26"%

•53%
26%

24%
33%

*48%

243/4

24

33%

*33

24%
33%

103

102%

102%

50

48%

48%

163/4

17

24

33%
102

87%

15,000
—.

60

2,000
800

5

54%

210

'26%

10,600

24%

890

v

33%

900

"

102

48%

40

48%

163/a

16%

*163/4

17%

♦8

9

*8%

9%

♦8%

9%

*8%

9%

*2%

2%

*2'/8

2%

*23/4

2%

*2%

2%

16%

1,800
.

'

87%

*101

610

145

56

♦80

26

4,000'

67%

55

'

Woolen

27

1213/4

100

preferred

*6%

20%

7%

Corp common._l4

preferred

Am Water

11%
11%
172
172

7

203/4

35

I

13,800
3,400
2,500

77%

121%

25

preferred

10

93%

23%

100

«—

77

150

♦137

1,000

20%

rl &

American Viscose

11%

39

42 Vs

50

6

93
.

172

6%
27

9%

—

1,800

35

*34%
9%

5

common

25 % Jun

Mai

*36%
138

27

37%
'

100

Tobacco

7

105

38

f

Rights
Tobacco

.

11

35

100

American Tel A Tel Co
American

.

41%

No par

Sumatra

27

7.

150%

Foundries—No par
American Stores Co
No par

American

♦172

'

7%

41%

Steel

American Stove Co

10%

1493/4

100

American Sugar Refg common
7% preferred

175

*37%

25

com

1

11"!

'

7

May 16

38% Feb

,7%

American

9%

5

101

6

93

75%

9%

35

200

5,700

23%

23%

101%

400

6,400

78

♦43/4

23%

91 %

8
May 5
30% May 17
41% Feb
3
563/4 Jan
7

500

16%

93%

175

400

*85

13

35

9%

4,800

7%

*7%

83

76

•6 preferred

23%

283%

*82

133/4

*4%
<

101%

*34

9,600

43

11%

163/4

200

5

*46

7%

700

34%

4%

88

91%

No par

40

*38

28%

7%

1,100

463/4

48

*763/4

5

22%

*5%

73/4

lM
2,400
1,300
1,200

1%
46%

4%

♦45

113/4

78%

CLOSED

1

28%

16%

*72

11%

*100

*82

17%

16%

13

74

11%

American Metal Co Ltd com.No par
4% %
preferred
100

Co

163/a

13

28%
*7%

83

48

5ya

*153/4

35

3%

Shares

5%

lS/8'

343/4

3%

the W**

46%

38%

7%

88

com

1%
46

35%

♦82

preferred

13/4
46

3%

48

7%

1%
46

SaiM fir

Friday
June 24

16

76

7

29

$ per share

17%

15%

91

14% Jan

41

29

5

38

Z8

100

Light

14

1043/4 104%

29

5

*34%

3%

27%

No par

preferred

A

17%
74

403/4

105%

♦16

15%

15%"

5

1%

37

Amer Power

42

14
*73

73%

June 23

17

45%

♦34

Molasses

20
109

16%
-14%

t per share

*4%

l5/a

lo

American

*103

Thursday

June 22

1 per share

*15%

44%

No par

3.90%

62%

*19%

42%
'

41

5%

1%

No par

Fdy Co
preferred

16%

17%

♦15%

44%

44

Wednesday

June 21

*5

15%

•7 2nd preferred A

7%

41%
-

24 "

62

193/4
109

14%

t per share

17%

•6 preferred

Amer Mach A

*108

41

.

5

5

*16%

No par

non-cum

108%

73

.

,

tper share

_No par
Inc
„40c

American Hawaiian SS Co
American Hide & Leather

6%

108%

1773/4

233/4

63%

42%

*

June 20

Foreign Power com__No pat

conv

108%

3

90%

1773/4

24

19%

*16%

,

Monday

European Secur

•7 preferred

.6%

23%

5%

23/4'

90%

*177%' 179

28%

Saturday

American Encaustic Tiling.,

Amer A

23%

97%

53/4

2%

89%

179

7%

31%

♦97

98%

53/4

64

7%
31%

32
!

9%

64

7%

31

105%

June 18

24

Apr
6% May

62%

9%

LOW AND HIGH SALE PRICES

STOCK

6% Jan

14

62

9%

2%

*108

35%

63

31%

5%

23%

16%

com

35%

9%

89%

179

98

62%

2%

179

178

42

96%

'•

88%

89

3

*36%

9%

8

31

97

*92

31

38%

62% ' 62%

8%

31%

31%

42%

57% Jan




35%

14%

1

Jun

98

16%

6

36%

98

41%

4% Jun

60%

98%

10

48% Jun

107

98%.

9%

283/4

3

98

35%

*63%

*28

3

97%

10

May
41% May

67

283/4

2%

*36%"

75

28

6

*28

2%

96%

*37

90 y»

May 17

14

28%
38 %

41

74 Yb

142

19% Jun

*2%

*36%

90

3

Jan

2%

76%

No par

Mar 31

130

28%

28%

2%

76%

5,700
300

No par

39

21% Jan

Mar

*28%

2%

100

28%

No par

5

Apr

68%

28

39

9,300

89%

77

com

May 17

34% Jan

Jun

144

*75%

29%

273/4

•5 preferred
Amer Rad A St San'y com

1 £2 May 23

Ct % Mar
131

76

*75

29

*88

1.20Q

28%

81

11

27

Jun

76

77

28%
*88

American News Co

Feb

35%
24%

76

29%

27%

28%
89%

263/4

89%

28

28%
*88

800

26%

353/4 May 31
10% Apr 13
94% Apr 14

'

6%
16%

139

20

6% Jan

8

35

Feb

38

20

101% Apr

3

Feb

Feb

162% NOV

30

"

6%

69% Nov
12% Feb

Jan

16

14% Apr 12
81% Apr 20
73/8 Mar 14
303/4 Jan 19

3

43/8 Jun
22% Jun

July

11

10

May
May
12% May
17% Apr
18% Jan

14

95%

May 17

8

7

13%

24

90

23

11% Feb

Jun

6

47% Jan 27

5

92

Jun

24% Mar

4

Jan

15%

72%

Apr

773/4

Feb

12% Nov

10

58

43% May
•

10 Yb

*

2% Jan

3

263/4

21%

Par

Sep

7

*26

27%

No par

Co

Cyanamid Co

conv

American

American

Nov

Co

Colortype

prior preferred

American

18

Jan

26%

26%

26%

63

No par

American Crystal Sugar

1% Jun

6% Jan

16

9%

preferred

American Chicle

13% Jan
44

*15%

24

Apr

Jutf

16

*63

4% May
89% Jan
14%

*15%

62%

EXCHANGE

8

16

20

NEW YORK

Apr

7

170

23%

19

5

*6%
*167%

63%

Dec

.

6%

1683/,

*19%

t per share

4% Peb 28

7% May

x6%

168%

*15%

16

25%

7

167

*63

American

37

*15%

*6%
♦166%

20

6ya Apr
5
17% May"21

35%

300

7

166%

63%

153/4 Feb 24

Dec

~30

*6%
166%

*19%

Oct

6% Dec

88

*62

19%

•

14% Mar

92

*84

9%

No par

2,300

*87

84

62%

Cable

A

183/4

92

84

28

1

18%

*87

29

9

100

18%

,

71

86

88

1

*63

92

28%

'

6,100
2,400

*84%

64

Highest

I per share

18%

130

2%

47%

*87

27%

25

1

18%

66%

2%
47 %

92

20%

Range Since Jan. 1
Lowest

Highest

71

2%

3,600
1,200

86

STOCKS

Year 1948

*68

*62

Range for Previous
Lowest

71

61%

100

preferred

47

2%

*19%

5 %

4

43% May 19

3

25% Jun

49% May

15

18% May 4
17% Mar 21

14

preferred

Broadcasting Co Inc

65%

.47

88

No par

com__

67%

2%

28%

2%

2

Co

20

2%

14%

66%

67%

5,500
9,500

100

2%

47%

18%

6%
23%

100

3

4,700

47%

14%

American Car A Fdry com—No
par
7%
preferred
100

11

108 % Feb

Corp

Shoe

19

6%
223/4

14%

2%
*68

100
600

*46%

101

3

American Chain

7

Jan

Bosch

conv

7%

22% Mar 30

6

81

107%

American

10
11

6%

38

14%

27%

*75

50

Jan

18%

*35

49

47%

10

common

♦99%

89%

1

preferred

Jan

2%

100

common

conv

10% Mar 29

13

Jan

Airlines

cum

2,300

*84%

25%

28%

CLOSED

3,100

18

22%

27

com

35

172% Mar 17

81

100

preferred

American Bank Note
6%
preferred

14

'

Jun

preferred

6%

♦88

STOCK

EXCHANGE

19%

17%

*87

16

25%

No par

2%

165

*15%

Corp common

104
•

6%
165

5

1,500

19%

173/4

85%
6%

35%

Mar 30

5% Jun

1

No par

23%

92

85%

par

10
65

Dec

*66%

18%

*87

96

4

21

17%

No par

Amerada Petroleum Corp
No par
Amer Agricultural Chemical_No

3

7% May 12
30% Mar 23

♦68

28

13

96% Jun

*66%

67%

♦37

Jan

Jun

67%

par

2%

19%

22

2%

♦66%

2%

*46%

14%

5o

Jun

May

2%
14%

No par

convertible

51

6% Jan

3%
14%

No par
1

6%

18

40% Jan

3

102%

2%
14%

gtd__100

Alpha Portland Cement
Amalgamated Leather Co

31

Apr

*99%

Co

conv

20

92% May
177
Jun

28% Nov

104%

2% Jun
37

100%

3
14

4% preferred
100
Allls-Chalmers Mfg common_No par

Mar

10%
6%

preferred

Allied Stores

Mar

111

163% Oct
74

26% Jan

Jan

43% Mar

Nov

76 %

8

Kid

10

70

6%

cony

68

58%
31%

Jun

100%

3
14

71

29% July

Nov

18% Mar

103

Oct

6% May

44

34 y2

Jun

102

6'/a
48

10

Allied Mills

30% May 12

73

*99%

*68

Allied

28% May 19
30% May 16
90
Jan 20

26% Dec

21%

71

•4.50

24

25% Feb

21%

5%

48

Allegheny A West Ry 6%

15

6%
*46%

21%

100

Alien Industries Inc
Allied Chemical A Dye

24% Jun

6%
47%

21%

*47

10

91

Dec

17%

17%

22

*45

6,300

29

17%

2%

17

18% Feb

28%

18

♦28

48

Allegheny Ludlum 8teel Corp_No

Mar 12

188% Jan

29%

17%

18%

45%

8% Jan

14

38

*28%

18 %

28%

18%

2%

93% Feb

16

*35

28%

38

*28%

18

45%

13

Jun

35%

*35%

28 %

1

23

15% Jun

35%

38

5%

common

Jun

34% May
37% May

Dec

25%

104

17%

preferred A
100
•2.50 prior conv preferred_No par

Jun

84

19%

17%

5

165

3
*

19%

17

100

*99%

.

19

28%

*

Shares

39%
110

17%

2

1

21%

Mining

6

Apr
11% Jun
198
May
21% Jan

17%

*44%

w w____

39

17%

19

5%%

May 19

May 13
27% Jan
7

95% May 20

Gold

39
112

2%

1

common

preferred

Allegheny Corp

75

23%

18%

17%

5%

Sale* far
the Weelt

Sper share

2

1%

50

Vlckaburg Ry

70

75

Dec

A

38%
*99%

38%
114

no par

com

w

Friday
June 24

June 23

I per share

19%

18%

17%
*35

38%
*99%

108

1%

l

Inc

3% Apr
15% Mar

65% Dec

7%

w

2

Thursday

June 22

I per share

38%

*99%

2

No par

Equipment

preferred

38%

*93

j

Reduction

38%

38

Wednesday

S per share

lo

;

Corp

Affiliated Gas

Tuesday
June 21

J per share

Addressograph-Multlgraph Corp_lo
Admiral

15

,

Co

Corp

14

Apr

$ per share

No par
2.50

Express Co

13% Feb

4% May

Feb

26

June 20

5

new

r.ew

64

-21% May
80% Jun

Dec

3

97% Mar

Jan

46% Apr 20
23% May 16
100% May 23

May 25

18% Jan
2% Jun

Motors

14

14% Feb
46

99

ACF-Brill

7

Acme Steel Co

.

5% Jun

xl8%

Laboratories

Monday

June 18

Abraham <fc Straus

10

27% Mar 28

41% July
Dec

22%

Abbott

3

Jun

LOW AND HIGH SALE PRICES

Saturday
Par

21% May 26

Jan

-

STOCK

EXCHANGE

40"% May
98

2

1% Jun

23% May
46% Jan

NEW YORK

I per share

14

18% Jun
35

Jan. 1'

Highest

S per share

37

76

15

900
,

3,000

16

THE

(2760)

COMMERCIAL

NEW
Range Since Jan. 1
Highest

Year 1948

24

41%

30% May 19

Archer-Daniels-Mldlai.d

19'/2 Jun

14

27 y2 Jan

26

Armco

Jun

15

95

Feb

3

5

11%

2

Jun

13

7% Jan

49 V2 Jun

7

77% Jan

Jun

38% Jun

13

49% Jan

21

Jun

94

Jun

22

99% Feb

4

18%

Dec

19

3

$4

lay* Jan

5
11

8% Jun

20

13% Jan

28

Dec

111

May

95

106

July

87

Jan

35

Jun

103

Apr 27

Dec

26

Feb

120%
107%
19%

Dec

62

105% Jan

14
14

Jun

'7

15

Jan

32%

Jun

13

47

Jan

53

Jun

Jun

11

Jun

Dec

Feb

7

70

Atch

May 23

80
;

Associates

7

,103% Jan 24

1,300

21 »/4

20%

20%

20%

21

20%

21

6,300

81

80

80

79%

80

79%

80

30 Ye

5 Ye

Ye

5'/4

52

53%

53%

51/4

5

5%

5'A

5'A

5'A

5'A

53V2

53%

54%

55'A

40 Ye

40%

40 »/4

40%

40

40%

94%

94'A

94»A

94

94

*105%

.—5

*141/4

IO61/4

15

8%

*90'/a

—10

33%

*97

A T F Inc.

'

99

90%

81-

81/2

13%

99

90 Vu

90

33%-

3,200

94%

220

105%

105%

210

14'A

8%

100

14'A

84

83%

84%

82%

93

98

98

11%

ll'A

11%

11 Ye

CO n-

100

100

700

3,900

100

20

90%

90%
34

50

-

91%

34

34

*90'/a

83

100

*r

14'A

00

14

34

901/2
34

98%

•

8%
14%

*98

90%

11%

15

14'A

8%

33%

Ye

*97%
«

10

900

41

94%

1061/4

•14'A

14

*93

34

106

15

8%

14'A

8%

99

106'A

*14iA

15

14

33%

106'A

lOG'A

*14%

13%

Co

*40'A

94%

*94

7,600

'

106 «/4

8%

390

51/4

40%

133/4

♦30%

53%

941/4

No par

30%

*30%

53

39%

Topeka & Santa Fe com__ 100
non-cum preferred-,
100

5%

,

7

30%

21
80

common—1
100
-100

Investment

Shares

2iy8

513/4

Constable

for

the Week

80

No par

com

Sales

June 24

Sper share

20%

'-No par
No par

Co

Dry Goods
1st preferred
2nd preferred

7%

37% May 18

30%

30

Friday

June 23

f per share

Sper share

79

5

com

preferred

conv

6%

98% Jan 27

14

97% Jun

Sep

Mar

13%

12

Cork

29%

Thursday

June 22

$ per share

29%

29

PRICES

Wednesday

No par

Illinois

of

Associated

21

Jan

Apr

30% Feb

Co

Tuesday
June 21

S per share

< per share

10

Corp
Artloom Carpet Co Inc

14% May 16

98

96

June 20

100

preferred

Arnold

87%

84

$3.75

110% Jan

11% Feb

May

&

Armstrong

1

13% Mar

Jun

17% Aug

12% Mar

Monday

No par

com

preferred

$6 conv prior preferred

15

105% Jun

115% July

Dec

Corp

conv

Armour

10

56%

Steel

4%%

8

Jan

15% May

Nov

13%

26% May

99 %

Jan

103

Par

77

Feb

86

RECORD

June IK

'

share

Oct

Jun

106

STOCK

Monday, June 27, 1949

LOW AND HIGH SALE

Jun

Dec

Dec

CHRONICLE

Saturday

STOCK

32%

34%

Dec

6%

YORK

EXCHANGE

101%

Nov *

88%

8 per

I per chare

$ per share

Nov

23%
89

NEW

Lowest

Highest

t per thare

FINANCIAL

STOCKS

Baas* far Prerlana
LlVMt

YORK

&

83%

83

83%

84

98

99

99

11%

11%

11%

800

/

3,100

'

4

100

100

1,100
"

'

/

11%

11%

900
~

44%
25%
66

*

Jan

Feb
Feb

64%

Dec
Deo

81

Sep

30
102

July,

99

Nov

25% May
64 % Apr

48% Aug
99

Bep
.Oct

20

4%
12%

Dec
Nov

114

20

,

4

4%

•

58

Jan

Atlas

7

,106

Jan

,

25

13 y» Feb

ley* May

20% Jan

Jan

4% Jun

15

11% Jun

20

7%

4% Jun

,

Jun

,

Autocar

24

14

7% Jan

Avco

7

44% Jan

;

Conv

10

33%

67

*79

32%

*65%

83

32%

107

series B—_—100

*94%
20'A

*66

68

83

'

.

33%
67 »/2

32%

32%

106%

107%

1,500
■

85

*81

84

84

33

107

32%
107

108'A

34'%

67

83

33%

*107

*33%

33%

*68%

33%

200

32 3A

32%

6,800

107

107

'— '

No par

*15.-

common—No par

.5%

pref

($1.20)

No par

*

'

Amer—5

Co of

94%

95

20%

20%

21%

102

Mfg Corp (The) common—13
conv preferred.
No par

45%

44

102%

:

16%

102 «/2

*103

16%

*16

*15

5%,

14 y8

140

94 3A

21%

93%
21%

210'

94%

22i/a

93%

-

22

43%

5%

14%

*14%

3,400

4%

4%

4%

4%

12

12

5%

5%

5%

34%

35%

35»A

13

13

5'/a

70
—■

5%

53A

14 %

14%

14%

;

14i/a

5%

5

800

100

4%

12

5'A

1,900

12%

1,400

5 Ye

11,000

5

5%

35

35

13'%.

35

343%

*

12%

43A

12

35

35

17

53A

4%

12

*11%

106

*16

'/a

5
*

530

44%

44'A
*103

17

*16

.

14%

4%

1031/2

5%

*14%

.

44'A

103%

16%

5%

11%

34%

44%
105 '

5%

-14%

5

$2.25

44%

;

4%
ll'A

-

5c

Canteen

95

20%

45%

lOO'A

Co

95

20%

*44iA

4——100

Corp

prior

95

'

No par

common

preferred

Automatic

34

*65'A

83

32%
107

x5

Nichols

Mar 24

17% Mar 10

14

34 % Jun

Oct

46

Tack

Jan

8

14

Jan

conv

Austin

6% May

11

19

$3,75

Powder

4%

34

67

*78%

A__100

—

Atlas

34%

'

Preferred

10

19%

—100
-—,25

preferred

non-cum

Atlas Corp

4% Feb

Jan

9 Ye May

Feb

5%

14

Dec

35% Jan

*65'A

Feb

Jun
'

Nov

6%
xll

33%

16% Jun

100

RR

Atlantic Refining common
4%
conv
preferred series

7

98% May
23% Apr

,

Line

No par

Mar 18

Jan

Coast

Atl G & W I SS Lines common—1

109% Feb

24

- Jan

42

Jan

24%
'

"1

'

93% Jun

Jun

94
39

14

13

Jun

77

106

May

Feb

91

xl9%

Feb

30% Jun

,

50ya July
114

Atlantic

7

600

-

B
13%
11%
10

Feb

16%

Jun

Dec

17%

Jun

8% Jun

16% July

7% Jun

Mar

15%

Feb

29 % July

13%

Feb

31%

Feb

14% Jun

80% May

40% Nov
Dec

36%

Nov

31

Feb

9

NOV

15%
30%
80%

Dec

Dec

Sep

16% Mar
Dec

69

Jun

59

,

Feb

32%

Feb

14 %

■si

Feb

10% Nov
14%

Dec

90% Dec
Feb

28

9% Dec
21

Nov

68

Dec

86% Dec
23% Feb
Feb

25

30% Feb
125

Mar

26%

Dec
Nov

9

Babbitt
Baldwin

11% Jan

Baltimore

22 V2 Jan

14

14% Jun ,i3
60% Jun 13

(B T)
&

4%

Jan

Bangor

70

Feb

Conv

&

6 per share

26% Dec
Feb

9% Dec

Barber

Oil

28%

Jun

15% Jun

7

21 Ye Jan

Barker

Brothers

45

Jun

45% Dec
(16% Mar

,

,■

Jun

6

39% Mar
9% Feb
32

41

Jan

87 Ye Feb

27

Mar

69

34% Apr
37% July

28

23% Dec
Dec

37% Nov
43% Feb
Nov

1% Aug
32% Dec
6% Nov
Dec

7% Dec
x27% Mar
25

«dv

Cigars
Foods

33/e%

Jan

21

Beech

Aircraft

32% Feb

8

Beck Shoe (A S)

10%*

6

Beaunit

3

13!/2

8%

4

Beech

Creek

RR

Mar 30

16

Feb

14

14'A, Jun 23

Belding-Heminway
Bell Aircraft. Corp

11% Jun

103 y* Jun

37

14

17

Bell

'Jun

20

-98

90
26

Jun

21% Jan

Jun

.

13

1

Feb

18

Mar 21

4 Ya %

:

24

Jan

5

4

78

Feb

15

5

98%; Apr 26

May ID

39%

Oct

23 % Jun

July

129%. Jun
22% Jun

15

13

Range

jun

8% Jun

y'/aJun

Indus

30% Jan

12

6

12% Mar 18
13%,Jan
8

Bethlehem

Steel

27

,Jan

56

* Feb

16

64

Jan

32%, Jan

23

Apr 22

16% May

12

38% Mar

7

NEW YORK

i

91 ft May

Borden

9

26

10 y* May

/Jun

96

••

17

25 Ye, Jan

6%'Jun

Mar

35% Feb

s

7
5

13

'

47% Jan

17

9% Apr

10

16

21% Jun

14

3?

Jan

7

20y8Jun

14

*29

Jan

10

Jan

6

Feb

16

18% Jan;
Jan

9

x29% May 5
10% Jan 21
» 32
Jun 23

3
3'

29% Mar 14
95

.Jan

6

17% Feb

23% Nov

15

Nor

24% May

13% Jun

Sep
7% Dec

124% July

99%. Apr

15%" Jun 24

4

Apr

Stores

.Brown

30% Dec

*v-

14

17%.Mar 14

Co

16

Mar 19

•1%

13

9% Mar 30

Budd

1

69y4;Jan 31

40;.

27

124

Feb 25

34

78% Aug
12% t>ec
29 % Feb

21% May
43% Jun

10,% Dec

24% .fan

13% Apr-19

81

97

Jun

77

1

92

109

War
72% Dec
77
Apr
12% Feb
7% Nov
Mar

8y* Dec
73
Dec
2% Mar
-

Mar

98% Jan
23% Feb

90%

Jun

86
,

-

Apr 26

.

12 y4 Feb

15

29%; Jun 15
May

ye Jun

*6
6

77

15

.

Jan

6y« Jun
>

60

4% May *
27% July
July
35% Jun

3

...

105

14

17

Jun:

1

Feb

7

Jun

13

20 % Jun

Feb

May

2

Jun

2

Dec

BY4 May

2% V* Dec

31% Ma7

14% Mar
10

Mar

Mar

1

3% May
16 y2 Jun

15% May

9% Jap

26

12'A

*113/4

-14%

14%

14 %

*14

14%

12

12%

"11%

91

91

*90'A

27%

28

-V

12

12%
28

-8-%

8%

22%

29%

*28

*28

31%

31%

*

*7'/a

7%

1,800

29%

-"32%
*12;

32

)
«

14%

-11%-

91-

'90'A"

11%.
OO'A

28'A

29Va

83/s

3%

22%

23%

28

"

8%

22%

22%

223/4

500

1,200

91

350

29 Ye

29
8%

;■

•

7,400

8%

t

•24*-

2434
27'A

76

♦95

-

96%

24%

24

•

27'%

*9%

25

24%

*130%

<-

Monday
June 20

95

*75

76%
95

'

24%

24%

.

273A

27%

/

76

.

*94%.

'

27%

•

24 y.

243/a

24 Ye

*130%

132%

*1303A

243A

"23%

24

93/4

S3A

10

*9%

10a

r*

'

24%

22,400

131 ya;

23 Ye

*

200

23%

:

.
.

10

*93/4

300

MOO

S

24%
1303A

9%

100

27%

24%

.

2,200

'A

24'A

»

96%
24y4

1303A

Tuesday '
"■

f
f

27%

*24

24%

*9%

U

243A

27%

'

*75

75%

96'A

;

*24

132%

*23%

10—-'

*95

mYz

27'/4

>

75%

*

'

5,100

r

23%

23'A
"

f

*74

"

•

400

12%

*89'A

'

"

8%

.

C

14'A

*12

-

:

1,000

121%

14%

>

*

v

32%

:

*12

14'A

,

28%

*28

,

'

32'A

12%

-

113/4

27%.

8%

22%

75%
96%-

600

,

300

PRICE8

Friday

Sales for

June 24

the Week

Thursday

Wednesday

June 21

June 22

June 23

4% Mar 30

24% Jan 27
25

26 Ya Jan

'

Jan

24

36%: Jan 26
58

Apr 18
1% Jan
7

12% Feb

4

3

Jun

24

Jun

24

xl9y4 May

16 V* Jan

8

19 Ye May

10% Jun

13

5

l09y4 Mar21
41

May 6
18% Apr 11
143/gjan
7
45

Jan 24

*23%

24%

-*23%

11%

ll7/a.

11%

11%

11%

11%

113/4

113/4

*9'/a

9%

9%

93/a

.

*24'"

No par

15

9%

45

9%

*40 %

191/4

24%

17 y4

25

*23%.

»•

10

24

*40

800

1,900

.

300

9%

*9%

45

100

•

f

45

r

61

59%

241/4

*24
'

•

19%

19%

19%

19%

25

24%

24%

24

241%

60

60'%

60 y2

60%, 603/4

23%

24

23%

23%

23%

173/4

17%*

175/»

17%

17%

397/»

40

39%

191/4

19%

-

5,400

1,000
.

.

i

17%

.

190

17%

3,100

40 ■
45%

'

40

39%

■

J

-

43% '-44

40

441/2

:

40

44%,

40

2,400

441/4

44%

*90%

941%

♦90%

94%

•-*1%

-13/4

'•*1%

■13/4

-

1%

*26%

27

27

6%

•

*31%

7

r

6%

27

*7%
33"*

6%

6%
-'

22%

23

20%

20%

28

28%

20%

28

91/4

6%

STOCK

281/4

28V4

9y»

9%

9%

30%

EXCHANGE
CLOSED

"16

31

30%

*96

98 y2

'

16-

•

101%

14'A

1

100

1013/4

*9%

91%

iS.

__

i

Calumet & Hecla Cons

27%

*15%:

17

14%
122
"5

-

27%
-

63 %

--

't

Campbell W & C Fdy_i
Dry Ginger Ale com
preferred

Co,

Canadian Breweries Ltd_

Ry__a___

-!

*31 Ye
*99

>■

1,900

/

,

20

2,400

>

1,800

'■

32 ;
981/a

.-

2,000
-4--' k>

15%

-

14% *

15%

15

14%

;

,

*121

123%
*

8

77/8'

72

78

—

133/4

6y8

61/2

-

*73

*

-

3%I&1/4

62%

'

15%'

«

123%
8

7%;

141/4

800

4,300
70

r;

*

r

*99

20%

31%

*20%

62%
/

*61

22

31%
♦53'A
1%

15

3%

3%

3%

/

3%

*36%

17%

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11%

10%

38%

*101%

14

*98

31%
54

17'A

ll'A
103

.

63 %

;■

"

31

♦53%

3%

33/a
*99

22

9,200:

-

31 Ye

3%

3%
17

11%

11%

101%

101%

13

"

1,100

<:

16
82

14,900
100

75%

-

14%
7%
iooya

*98%

,6%

>

63%

13%
207/a

,31%

.

*53%

1 '/a

3%

1%
3%
•

171/4

11%
100

101

14%:

4,900

73/4
100%

100

6%

1,700

61%

70

20

4%

600-

18%,

1,200

100%

*99

21%

171/4
11%,

6%,
61%
*3%

3%

ia%

3%

14.'4
*7%

'

31

17V4

700

30%.

82,

54

Hi/4

100

78

11/8

101

-

30%,

*70%

260

200

89 3/4

*73

-

31

<

27»/4

78

*53%
■

,

'

.>

16%

-

100%

*20%

54

1%

17

18%

100ya

1 Ye
■

*61%

•

-

72

63/s

6%

*87

*12%
;

81

'

'*7%

18%
*

*20%

1%

103

.

*18
*99

1%

11

14%
7%

*3%

3%

1834
100%

53'A

*17

81

'*68
**73

c 100%'

*6%

16

"

31%

101%

'.

r

'

31%

15%-

78

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k98

,6%

61

*17%

72

!

*26 »/2

27

12%

83

,

63

'

*

a14'%

71/2
99

6ya

■-'-*31/4.

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63

^301/2

31%
15%

♦68

78

*7

3%

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72

63

893/4
12%.

123/4

15%

,

83

'•

181/4
100-.-,

20%

62 3/4

'

99

....

.

12 %

303%

13

14%
-r
►

*

31%

'

*99

L

27

*70
-

71/4
98%

63

*87

14i/a

7y4-

:
I"

89%

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-

V-

98%

63

27%

l'/a

100'

9%;

9%
32

-143/4
*121

3/4, ,.,7%

89%

53%

"20%-

300

311A:

1,300

54

30

1%

3,600

3%

1,300

17%

500

11%
100 %

4,800
110

t

-

*36%

38%

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38%

16%-

16%

*16%

17

16%

16%

25

10'A

11%

10%

ll'/s

10%

11

No par

40%

40%

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41

411%

41%

No.par

300

28i/4
9%

27%

981/2 ."

1

82%

*68
♦73

No par

7

*261%

15%

No par
1.66%

15
v
14%
>. 123'/4

89%

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Copper

1,700
-

27%?, 27%
*100
101

27%

;
; 15%; 15%

27%

31%

-*61

21%

"

*86%

—-*12%

*80

4

1,000 f

*•

22%

9%
*96

*121

7%
63'%

'

l

6%

22%
*20%

28%

30%

-

*26%
"?

89%

14% -15%

15

Can

Ry

30%

98%

1534

122
7%

12% -12%

100

preferred—100

1

31— -31%

preferred——100

'

*301%

r

22%

1013%

"28
-

6%

200

21%

-

101%

28 <" '

28

♦96

143(»

r'

63J-2

*86

'

2,200 r

:

39

'

•63

INo par
5

Inc

Co

14%"

-7% -v7%
*■'

300

'71%

..
-

"

'

No pkr

1%

27 Ya

,

*7
38

6%

-

271% :

-

-

'

122 -x. 122-

100*

No par

*27-

36

*2C%

*

IS

;

xL,

28

31

15%

221%

21%

98%

*96-

263/4

2,200

94'%

;

*16% /

7y8

"

6%

-

22%:*

27%

101 %•

-

-

*90%

1%

-

6%
35

6%

22 y8

,28

*100%

t 28—
28%

-

34

*201/2

"

*100%' 101%

33

23

201/2

-

26%

71/4

45

94%

*1%

27%

.* 7%

6%
/

-

22%

- -

*90%

'

-

5

.

45%

.
*

*26%

6%
*30 Ye

-

•

33

44%

,

-

37

*16%
11

*41%

37

-

36

36

150

17 Ye

17 Ye

17 Ye

300

11 y4

11

11%

16,000

421%

200

42

•

*41%

page 26.




220

23%

*

17y»

*90%-'- 94%

15

common

common—.:.

Southern

24

"*91/2
'*40 *

45

*24%

61

24%

19%

-*1%

100

common

Cannon Mills

9

9

9%

*40%

24%
61 ;

39%

-

5

;

—

Pacific

-

17%-

1

(assented)_100

Zinc-Lead

Canadian

9

9%

•:
-

24%

California Packing common—No par
5%
preferred
;
50

Canada

91/2
19

'

Bldg 7%

conv

9

45

18'A

Byers Co (A,M) commpn_L_No par
;
7% participating preferred
100
Byron Jackson Co
—No par

$4.25

9'/a

9
*9

4Ye% preferred
,——100
Butte Copper Sc. Zinc—
_3

Callahan

11%

'<■40%

'

2

6

36

40y4Jan

,Feb

Shares

share

24 %

i'

preferred
—t—100
Burroughs Adding Machine—No pkr

Butler Bros

t per

241?4

11%

t6l—

1__l

preferred
3%% conv 2nd

7

S per share

per share

*241/4 -24*%

3%%

Bush Term

$ per share

*

Bush Terminal

82

•$ per share

t per shot*

15

:

4

10

100

Dec

10

7%

"

4%
:

7

5% Jan

Jan

see

12

22%

1

Inc

Co

Watch

Feb

22% Jan

May

preferred

May 14

7

44

47%

32

—No par
t

preferred -J
(The) Co common

Bulova

10

3

119

For footnotes

9

104

13

30

&

;

98y4Jun 10

52

Sep
May

3

oOO

72%

*

*

9% Jan

j

121

13

1

Feb

16% Jan

7
'Jun 14
x97% Jun 13

y4 Jun

89

*28

11%

90-

5

Inc_J

Shoe Co

Bullard

77% Jan 25

'Apr

Deo

190

13%

*713A

■.

t

Burlington Mills Dorp common—1

Feb 10

70

54%

38

7

13 y2 Jun

July

94

13i/a

*92%

•

94

'

i.,

—

lj.

73

10 %

291/2

34%

•:

713A

*92%

7%

x_2.50

Buffalo Forge Co.
Buff Niag El.Corp 3,60%' pfd

Mar 29

Jan

Jan

40% Jun

Dec

15
36

J8%'Jan

-

•

Jun.

1% Dec

Nov

17

Jun

52

101% Nov

Feb

$5

:

13

88 "

27% Mar
Jun

91

Jan

17%
114

93%

11%

*74.

__No par

Brass_i_

A

(The)

Bucyrujs-Rrle Co

'Feb

120

Par

preferred
v,
Nb par
Brunswick-Balke-Collender —No pdr

7% Jun

JUtt

1,000

7%

LOW AND HIGH SALE

$3.60

62 % Jun

-

43

7%

*94%

Bower. Roilerx Bearing Co
5
Braniff Airways Inc
a—1
-2.50
;Brewing Corp of 'Americax—15
Bridgeport Brass Co
?
No par
Briggs Manufacturing Corp..No par
Briggs & Stratton
—No par
Bristol-Myers. Co common
2.30
3%% preferred
——100
Brooklyn Union Gas—;
Jo par'
Brown; & Bigelow
;
L
1

8

22

!

&

Boston & Maine RR

11% May 4
July ,
,

43

7%

June IK

*

75

42%

7%

Saturday

*

*Borg-Warner -Corp common
.» 3%%
preferred'

13

8%.Mar 30

5

11% May

,Jan

2%,Jan

6%, Jun 13

Feb

Aluminum

Bond

33

Mar

42%

7%

27%

STOCK

»

;Bon Ami Co class
Class B

7

103

120

1,000

42

*7%

—

18% Mar 30
54

11

1% Mar

»

,

713/4

10

Black & Decker Mfg Co__
No par
Blaw-Knox Co
i
—Mo prfr
Bliss (E W) Co
i
1

42 "A May

-

42%:* Apr 21

Aug

11%

■

13

24%

»

5

33% Aug

11%

13

130%
24
s

EXCHANGE

18
12

16

•

1,600

11%

123/4

23%

:Bohn

7

23% Jun

.

11%

11%

72%

29%

10,600

10 3A

123/4

130%

Bliss & Laughlln Inc—x
,»Bloomingdale. Brothers
Boeing, Airplane Co
t

Jun

Jan

Jun

„

93%

32

443/a

43%

'

93

36%

*36

10'A

*713/4

com—No pa*r

25% Mar 30

jan

99 '

(Del)

42

15
13

2

Feb

com—a-

100

300

44%

12%

7% preferred :
a
—a—100
Bigelow-Sanford Carpet--—No par
Birmingham Electric Co__,—No par

14% Mar 30

»

14

Feb

92%

16

*15%

;..

37%

-

73%

•

••

11%

*113/8
42

>

12%

8

39 Va

44%

.

*71%

—a—r__ 1

S per share

Jun

27

Loan

Foods

,

.Jan

90%

94

27%

40

t

-10%

■

11

.*10'A

'

*36

44%

16

,

13

33Mfc

700

62

39 Ye

"

,

96

Jfun

40

2,500

15%

153/r

*61%.

73%

4

16%

16%

;

15%
62

■

*15%

•

37

,

%

4J

.

41%

5

±

7

98

8%, pec

j

Appliances

17% Jun

,

*36

11

41%

*12-

100

Best

51 '

liay

-i

.

33% Apr 26

,

42

14%

10

7

2
31% Mar 21

13 r

44% Jun
<66% July

37

41%
*10%

31%

Cum pfd $3.25 ser of 1946.No par"

Since Jan. 1

13 ;

34%

*36

41%

-

7,500

'

42

*29

600

12,700

3%

'

10% Jun

36%

common—a

7

$ per share
24

,

15%

'

Highest

36% July

71

15-3/4

113A

1

'

11%. Mar 11

19% May
14% Sep

,42 *

*16

.11%

:

Cum pfd $4 div ser oM948_No par
Best & Co
a—
-1

Lowest

8 per share

May
5% May

15%

15%

STOCKS
n

96

*39

•

*123/4

1—1

preferred

Beneficial

136%, Feb
•

9% May 31

Highest

27% May

x

33% Jan

>

*

14% Jan

39%

15%

.*15

*71%

1

30%; Jan

j

3

37% May

x

26% Jan

11

139 'A

*38

36%

10
t

Co

Bendix. Home

7

24

25

40

41%

50

Co

Bendlx Aviation

Jan

93

Jan
23% Feb

Howell

11

21% Feb

v

&i

34%, Mar 30
.

73 Vz Jan

102% July
30 Mi May
'37% May

Packing

*38%

15%

"

6% Apr 13

'26% July
87% Mar

Beech-Nut

40

*93

1

a

14

*61

43%

100

;

62

15%

*■

17

17#

*61

15%

*ioy4 •-103/4
113A
11%

—2.50
pfd„«—100

Corp

163A

16%

62

*35%

No par
common_J
25

4%%

17'A

*61

•

9%

8%

-

13%

93/8

8%

153/4--

15 'A

x

5

pfd

conv

17

; 91/4

8%

;

13%

8%

9

8%

60'/a

-*38%

T

Mills, Inc

10

27

9

13%

,

8%

'

17%

16%

jl

Co

Feb

37% Jun

37%

'

8%

153/4

—50
*

Corp

Inc

75

101% Apr
23y* Sep
12% July

16

/

9%

8%

-

-

*13

8%

••'r

8%

-

60%

-

10

L

Co

Works

May 14
20y4Jan
8
•

92% Oct
15% Mar

70

,

8%

100

x

common

10% Feb

Jan

38%

Oil

Iron

Beatrice

9

26% NOV

65

•

-83/4

•

(Delaware)—j_10

11% Jun

17% May

26

13

13
>'•

CLOSED

common—50

preferred

Bayuk

Jun

Corp

30 Vz Jun

20% May
'19% Mar
24 Ya

20

96

5

Jun

Bath

45

25

12% Apr

Jan

4%%

Barnsdall

12

17% Jan

4

22% May
100

Jan

13% Apr

*

3

Jan

Mar

49

4

15

11 Ye Jun

43% May
90

36

,

Jan

23%

44% July
29% Apr
37% May

30.% Pec
16% Dec

preferred

47% Jan

Dec

19% Nov

87%

STOCK

EXCHANGE

preferred^—1—.—100

14

32% Mar

57%

100

common—

Aroostook

5%

X38% Jun

Year 1948

13

-1

-

Works.——13

Ohio

non-cum

25

Bngt for Previous
Lowest

xl3

Iric

Locomotive

May

6% Jun
30

14% Jan
12% Jan

8

13

'

60

x20

Jun

xl3

T

'

Volume

169

Number 4815

'THE

COMMERCIAL

NEW
Range for Previous
Range Since Jan. 1
Lowest

Highest

$ per share

$ per share

11

Feb

18

May

48 %

Apr

56

Aug

3%

Sep

100 %

Feb

26 %

110%

Dec

12% Mar 23
50

7

17

14

35 V* Jan

12% Jun

1.4

16% May

Feb

Feb

Carolina

7'

29% Mar 29

30% Mar

Jan

6

Jun

30

37

May

24

7% Jan

17

10

37% Jan

7

Jan

140

11

Carriers
Case

Mar 12

97

Feb

7%

123

Feb

29% Jun

24

22

32% Jan

7

97

Apr

23.

105

X114

Jun

15

131% Jan.

6

7%

13% Jun

July
May

140

17

26% Jan

7

Celotex

11

5%

21

Central

Mar

22%

Feb

34%

Jun

17%

Dec

20%

Jan

15'/a; Jun

17

16

Dec

18%

Feb

15

14

17

6%

Feb

11%

Sep

5%

Dec

12%

Jun

22%

Dec

38% July
8% Mar

6%

Dec

100%

Nov

108

Oct

83

Jan

39%

74

7%

Jun

7% May 31
3

Jun

6% Mar
104% Jan

Jun

6

17

Jan

7% Apr

4

79% May 24

Nov

84

16

May

110

13

Jan

Dec

7%

15

Dec

11

.

Jun

18%

Dec

12Va

Nov,'

20

Feb

33

Feb

90

28%

Feb

Jan

91

14

97% Mar

15%

Jan

29% Jun

,90

Jan

79

Jan

7

9

July

3% Jun

13

July

8

13

° Jan

17 %

-14% May
12% July

Jan

9%

4% Jun

(49% July

,10% Apr

18% Jan
10

14

Jun

9% Jun

13

8% Jap

18

33% Jan

14

27% Jun

14

15
Jap
36% Jan

21% Jun

14

39% Mar 30

Jun

57

49?% Jan

20

.42%

July;

Sep

25%. Jun

17

Oct

56% Jun

14

74»;

15,%

Jan

27

26%

27

99 Va

100%

*99%

100%

.100

118%

118%

118

118%

13%

14%

14 ya

14%

20

15%

15 Va

*15%

L„ .5

*15%

15%

15%

16
15 %

....

Sugar

Co

13 y8

13 %

13 Va

Violeta

Nojpar
Copper Corp.
L..5

Products..._x

STOCK
EXCHANGE

16%

vtc_x

preferred

10:

May 11

12% FeJj

'

.

13%

'

11 Va

7%

*6V2

8%
.

8%

9y4-

•

14
6%

5%

1

3%

-

- '

19%

10%
:

,

-

28%

•"

22%
*48

,

"

'

•

'

"

*10% *11%

par.,

60
600

*18%

18%

-*18%

18%

19

19

31

30%

30%

793/4

79?A

80

80

3%

3%
83/4

8%

.

*8 3A

9%

83/4

I

*13%

6

*3Va

-

*8

13%

6

4%

*

33A
'

5

'

•

.400

c

5 Va

.19%

11%,
28%

.29%

29%

23%

.23%

23%

11%

49%

493A

*48

27 Va

27%

.28

28

58r'o

5a%

SSYa

58%

'•'i

*10%

11%

*10Vi

11%

233/a

28

11

1,700
200

*10%

28 >A /•

3,900

59%

..

59

;

3,400
1,400
,

52

*48
*

2,800

29%

23%

10,000
'

113A

29
!

52

...

»•,

-,3%

5

'

11

*3

19

II

58%

1,200

"

'

.28%
23%

'

500

1,300

5%

*

28%"

7,300

133/4 '

19%

11

*

*

5%

,

*5%

3%

3%

7 5

19

■19%

8<K)

1,400

8%

133/4

6

'

19

93/4

*8

133/4

,*5%

/

83A

9%

93/4
83/4

600

3%

-

8%

,

6,900

80

3%

9

800

31%

80

"

9%"

19

31
,

4Va

*3%
"

,r

50%

19

30%

11%

no%

300

18%

13%

?2Ya

'

1,4004,500

:

24

5%

*8

5%

;

58

;

10 Va

5%

29V4

V$0%
273/4

27

58"-58%-'

,
10 '
>23%

57/a

:

3%

'

233/4

*5%

9%

19%

32 Va

16 3A

10 Va

5%

■

?

29

163/4

9%

'233/4

.

.

5%

:

8%

HV4

,

'

'>

51

-'

26

-

11
29%. "
22%

16%

7%
17

92%

9%

19

*6%

*91%

;

6%

4%

V

•1,900

7%

92%

-,•

8%

3%

v5Va

11,900

10%

*91%

14

3%

4%

18%

-

11%

10%

*6%

24%

:

6

11%

10a/4

19

•'
■

4

8%

r

.

13%

11%

91%

• ».

80

9%

8

1,300

*18%

30%
v

8%

934

*7%

10

40
rl 0 0

18'A

18 %

"

18%

80

10 3A

82

*

700

1,800
-

91%

92

30%

HVa

;7Va
108

*81'
•

700

r.

18%

:

*

5%

r'"*'4

18 Va

11%

7%
108

81%

103A

24%

,v

19

5%

82

81 Va

*17%

18

9%

*18%

3%

7%

81%

16%

>

24%

>

107%

7'A
17

,

"

7%
101%

*10%

30%

'

7%

108

10%

*91%

3%

'

.

7 V8

*107%
17 3.,

19

5%

30%
*80

.100

Chicago Yellow Cab—)—x—No

4

13%

108

•

Oct

13 %

13

13

10

;

preference.^Nd par
Chic Rock Is & Pac RRCo—Nopar
Conv preferred series Ax
^100

20

13%

6,100

.

3%

17

*18% ' 18%

convertible

$3

*33A

9?a

,

1,300

*8

3%

*23 Va

*5%

15%
8Va

8%

*16%

92

15%

15%

9%

*91 Va

300

8%

*80 Va

19

153/4

*3%

24%

19

130

153/4

*15%

*6%

16%

'

•

15%

3%

9%

CLOSED

400

121

8%

18%
11%

..

13,600

'15%

*3%

11%

7%

30

5,500

99%

99%

*119

16

15%

138

*8

*23%

1

—

*6%

No par

16

81%

11%
11

118%

16

xl0%

10%

10%

1003/g
15 %

18Va

9.50

*99%
14 3A

*80%:

18

com_5

Sugar Co

Co

A

81 Va

.17

*135

14%

*5%

7%

*107

•

138

W

118

14%
*15%

13%

7%

107

*80%

.

'.100

8

7%

7%

99%

99%
115

*135

4

*3%

107

138

8

7%

Chicago & Northwest com
NO par
5% preferred.;—i.
J.100
Chicago Rneumat Tool coxh_.No par

55% May 4
34%. Jan 21'

72%

Jan

26%

2,200

293A

33/4

Sierjes

32%

200

400

32

29%

Chic Milw St Paul & P vtc—No par
,

•

32

29%

Chic Ind & Louis Ry Co class A—25
Class B/„
——x_-Nopar

Jan

5% Jan

13

32 Va

6%

29

Chicago Corp (The)—
1Chicago Great West Ry Co com—50
5%
preferred
50

9

May

40.;

;• 25%'Feb

10

: Jun

17

,23% July

Dec.

45%

May 16 '

32

33

6%

2 6 3/4

Chic & East HI RR Co CQm_.No par
J
Class
A—
—I
40..'

11%-Mar 30

11"

;3

13% July

49% Mar

•

3

21

12

24

5% Jun

7

Feb

5% Jan

85

12% Jun. 14

41% July

Dec

6

-Feb

7% Feb

Jun

Dec

33%

34% Jan

13

1,600

13%
*31

6%

283/4

Chesapeake Corp of Virginia
—5
Chesapeake & Ohio Ry common..25
3Va% convertible preferred—100

'

Apr

13%

Jun

9

22% July
15% July

Jan

30

May 24

7

13%

13%
31

%

6

3/8

Champion Paper & Fib com..NO par
$4.50 preferred
x__ No par
Checker Cab Mfg—•——.
,.1.25

7

-45

4% Mar /'
7% Mar

V

6% Jan

13%
31

6%

26 %

7%

Pasco

100

28

*3%

Belt

3,700

25%

26%

Foundry Co

de

140

28

25%

28%

136

1

Chain

4

28 % Jan

i

%

Cerro

*135

101

27%

26%

137

Ry Co vtc
No par
preferred series B vtc_—100

Certain-teed

7'

•

10

5% Jun

•

13

May

k

Nov

7%

Jun

Jun

'

6
18

13%

1,400

100 Va
„

25%

28%

Century Ribbon Mills...^

11

Jan

24%'Jan

Feb

12

27

13

Feb

6

13% Jan

18% Jun

30

Dec

5

21Jan

14

May 31

Jun

.

31% 'Dec

7%

13

9% Jun

•

23

100%

ii

7% 'Dec

4

15% Jun

Apr

26%

25%'Jtfar
.•76%

.8% Mar 29

13

136

28

*25

33

32

No par

common

Aguirre

Central

13%
*6%

32

No par

ICentral RR of New Jersey
Central & South West Corp

6

31 %

lOCVa

277/a

25%

26%

pfd
100
Central NY Pr Corp .3.40% pfd.._100

20

11% Jun

6% Jun

Jan

17%

12% Apr

,

May

24 %

.

13

31%

*31%

6%

100%

28

100

63A

*6 3/a

28%

HI Light 4%%

28

32

6%

6%

25%

Hudson G & E Corp__«o par

9% Feb

May

13%
32

6%

Shares

12%
55

28

Central

10% Jun
10%

101%

28

*25

*12%
*53 %

*1353A

Central

19'

*100%

25%
13%

6%

,30

6 3/4

28

*25

13Va

*6%

Central of Ga

20

27%

*6%

12%
55

L100

preferred

5.%

*12%
53%

SaleS for
the Week

$ per share

2..10

new

5

35% Jan

Jun

Corp

123/4
55

33

13%

25

*12%
*53 %

63A
101 %

Friday
June 24

June 23

Sper share

12%

101%

26

Thursday

June 22
f per share

55

6%

27%

*32

1

?.

12%

101

27%
*25%

Wednesday

share

*54

6%

»100

50

Corp

7

Mar

55

6%

.

* per

12%

*54

10

1st preferred
2nd preferred.

Central

8

3

*123A

5

common.

Tuesday
June 21
•'

$ per share

'.100
:

$4.75

<

7

24% Jan

General

Co

Caterpillar Tractor

11% Mar 14

14

12% Jun

Jan

$ per share

Celanese Corp of Amer com.-No par

7

18% Jan

June 20

No par

preferred

7

23 % Apr

Jun

105

.

&

(J I)

26% Jun
39 %

Clinch & Ohio Ry

Corp common
preferred 4% series

Conv

5

Feb

"

131

147% July

4

Carrier

9

/Jun

Monday

June 18

Par

Power & Light
Carpenter Steel Co__—1

29

(2761)

LOW AND HIGH SAL* PRICES

Saturday
.

Carolina

'

May

9

52%

Feb

22

108

Jun

43%

CHRONICLE

RECORD

Capital Admin class A common—l
$3 preferred A
10
Capital Airlines Inc..
1

6

25VaJun

Nov

Dec

% Apr

8

23

17

26% Jan

19% May

6 Va Mar

4

Jan

Jan

30

STOCK

STOCK

.

55% May 11

Mar

100

Nov

Dec

130

15

5% Feb

YORK

EXCHANGE

$ per share

July

32

:41%

12 Va

35 Ya

NEW

Highest

$ per share

8% Mar

Dec

30

YORK

FINANCIAL

STOCKS

Year 1948

Lowest

&

1,800

;
r

11%

"

'

:

Range for Previous

r,{i

'•*

Year 1948
t.

&%

Lowest

„,

14%

Feb

19% May

,

-44%-Oct
31

$ per share

•'. .4%

23%

Feb

90

•

65%
.

.7%. Dec

Jun

6

16% Jah

20

5% Jan

19

Jiin

\

60

Jan

7.

16

36

Jan

8

chiie

14

38

25

30% May 17

4

103% May 4
24% Mar 17
62 % May 19

x20

-

Feb

11

42% Jan

'3

Jan

-

7

Jan

6,% Feb

25

75%

Dec

84%

Apr

79% Jun

17

83

Dec

33

Jun

25

>3

21

27% Mar
176

Chrysler Corp,
*

80

'

,

Jan

176

-

July

34% ..Feb

43

105% ' Jan

C

Jun

Nov;

69 Va

108%

City Stores Co

14

30% Jan

8

16

112% Jun

25% Jan

26

105

: Jan

62% Jun

47% May

37% Jun

4%

-i *

,

Dec

Feb

Jan

Cleve

17

43

2&

&

Pitts RR Cp 7%

Sep

15

.

":!?Feb

12%

»

~

112

...

*1063/8

-50

*4

2

71

Apr

23

141

Apr

i

82% Jan

CprpL

—+—i

Cluett Peabody & Co com—.No par

13

»

28

-

7%

4%

cum

:

'

.

25

Jan

xl24% Jun

13

60% Jan

6

Jan

5

29% Feb

25

Jun

July

1075

Jan

89

Apr

Jan

xl3% Feb
15

Oct

12% Jun
15>

Feb

Sep

63% Apr

12*
9

35% May

94%

8

17'

17%

x—,_xx__

$3.50

Jun

preferred

133V2

Colonial Mills Inc

13

19

Jan

24

Jun

*6

19% Jan

24

10

12

Colo Fuel & Iron

39

#

22%

%

*112
21

*106%

*60

39%

112%

21

21%

108

*106%

Corp com..Ne par

13% Jan

8

4%

11% Jan

10

4%

non-cum

*73

17% Jun

0

24% Jan

16% Jun

22

23% Jan

10

12

13

9% Jun

7

7% Feb

10

Apr

11% May

10

9

*134%

74

'78%

Jun

48% Mar

37%

Apr

26% Jun

13 4

32% Jan

13

Columbian

19% Jun

24

21% Apr

21

Columbus, if

28% Jun

21% Feb

11

53% July
July

25

-

95

Jan

12

100% Jan 31'

29 % May

13% Jun

22

58

2

'

May 16

$4.25 cum preferred w w

Carbon
3o

36%

Jan

90

Jan

Nov

2%

Feb

3%

Oct

90

Dec

106

25

Nov

.29% May
11% May
36% July
32
May

8%

Dec

27% ;

Dec
Dec

Sep
Mar

Feb

11% Mar

46% Feb

104

3

Apr

Dec

X18%

Jun

8%

Dec

12'A

Dec

51

Jan

19

Dec

29 %

Sep

10%

Dec

15'A May

8% .Dec

Jun

14

14% Jan

8

8

Feb

23

9% Apr

30

13

46'A Mar

11% Feb

8%

100

17%

173/a

1,400

17 Va

17 %

700

10 %

27,200

10%

600

17%

16%

*16%

17 Va

10

*

17'A

16%

10'A

17%
10 Va

10

9%

*10

9%

10%

10 Va

10%.

,*10

130
•

30

J

*53%

55%

21 Vz

27Va

27%

27%

27 Va

28

28%

29

29%

19%

19%

19%

19%

xl9%

19%

19%

19 3A

19%

193A

1,800

237/a

24

"

24%

247/a

24%

24%

243/4

24%

24%

24%

3,500

*53%

56

,27

""

*53%

*53%

56

55%

153%

55%

2,900

.

49?4

493/4

503/4

50%

50 3A

95%

96%

96%

96 Va

96%

200

13%

13%*

14%

15%'

143/a

5,500

Commonw'lth & South corn—No par

--3%

3%

3%

3%

$6

preferred series—

No par

96%

Cigar

Consol Edison of N Y
$5

25%

25%

7%

*7%

7%

25%

'

2%

No par

Grocers

22

No par

107

Corp.j_l.33V3

5

*11%

Consolidated Laundries Corp——5
Consolidated Natural Gas—
15

,9

98
-

27

2%
22 Va

107

,

11%
9

25y4

25
-

*26'A

" 2%
22

97

-

25 %

26%

*26%

2%

9

2%

22 Vz

106% 107
*11%

~

11%
9

25%

,26%,
2%
22'A

107

U%
*9

107

11%
9%

39%

39%

39%

40%

39%

39%

—100

2,200

>

33A

3%

33A

34,800

97 %

97%

25%

*7%

25%
*25%

Corp—5

com

preferred

Consolidated

*96%

*25%

7%

,.

,

3%

3%

25%

25%
;

No par

Consolidated Coppermines

,

7%

25

Publishing Inc.—No par
Congoleum-Nairn Inp
;
No par
Consolidated

96%

49%

97%

97%

97%

253/8

253/4

25%

253A

2,100
12,100

73A

7%

7%

7%

900

25

25 Va

1,500

26%

27

25

*26%

*2%
22
107

*11%
*9

39%

25%
26%

*2%

2%
22%

22%
107

107

113A

11%

9%
39%

393A

*9

200

23A

900

22%

10,900
2,500

107

113A

400

9%

200

393/4

2,600

1,500

21% Jan

7

Consol

16%

18

l63/4

16%

16%

16 3/4

*16%

16%

12% Mar

8

Consolidated Retail Stores

—1

10%

10 % '

10%

18
10 %

*16%

14

30%

10%

*10%

10%

*10%

10%

16

9% Jan

7

Consolidated Textile Co Inc

10c

IV*

7%

7%

7%

*7'A

7%

X7%

7%

*7%

73/8

700

Jun

6

12% Apr

13

Consolidated

—1

8%

9%

9%

9%

9

93A

9%

9,000

Jun

30% Apr

27

36

May

33%

34%'

34 %

34 %

34

33%

34 Va

2,900

Mar

Consumers Power Co com—-No par
$4.50 preferred
J.
x—No par

9%
34%

Dec

35%

10

8

4

106 % May

103% Apr

27

108

106%

Dec

105% Apr

20

108 % Mar 25

42%

Jan

27% Jun

17

37% Jan

99 %

May

Jun

13

97% Apr

5

93

8
22

10% Mar

17% July

13% J^n

3

15 % Jan

21

84% Mar

92%

85

5

93% Jun

7

29%

Nov

Sep

Jan

40

May

30% Jun

Oct

99
13 %

July
May

95

Nov

48% Mar

64%

Oct

For footnotes

*8%

,

13%
3%

Feb

11

9%

8%.

8%

49'A

May 10

38% Jun

*8%

95%

30

10

10Vi

9%

17%

17

10

.

9%

9»A

95Vz

29

21

^

153/4

*8%

13%

11

4% Jan

lO'/s
10

133/8

15%

9

13%'

13

23% Mar 30

17
10

10
10

13

153/«

9

,

49V2

Jun

107% Feb

17V»

*167/8
*•

17%

13%
15%

23

29 Va

Oct

i

17?^

•'13%

3,000
5,300
1,100

95%

25% Feb

6

17%

17%

3,200

15%

8%

*

*

Conde Nast

14

*8

15

16%

14Va

Commonwealth Edison Co..

25

8%

*8

10

94 Va

14%
16%

49%

7

Apr

'

*94

15

16%

13 Va

9%

9

94

96'A

8

Va Jun

*8%

k

2,400

343A

Vi

16

9

13

290

35%

800

13%

9'A Jan

2

*8

*15%

62%

*95Va

27% Jan

21% Feb

8%
9'A

62%

•

129 %

-49%

103% May

xl06

13 Va

15%

8%
/ 9"A

74

127%

10

Solvents

3

1

13JA
15%

1,000

1,200

x.100

preferred

7

25

13%

4

*970

*14%

16%

6,900

*73

127%

94 /

14%

25

138 Va

55%

94%

20

9,100

*134%

35%

16

64

123/4

133%

62%

14%

150
600

108

—_No par

3.60%

Commercial

3

9

*94

f

16Va*

6,400

213/4.

Jun

Nov

Sep

May 16

15
,

40

112%

21%

*62

35%,

900

12%
4

*970 ""

15%

No par

Commercial Credit common.—*

16.

800
.

7% Jqn

7%

Dec

4

7

7% Jun

.

15% July
16% Mar

98% July

Mar 17

89% Jan

Jun

37%

3

52

17% Jan

x—

25 Va Jan
■

6% May
25% July
108%

Jan

26% May 13

,

34 Va

94 Va '

14%

*8

No par

>

*94

"

15

*8%

Co—-No par
Elec Co
5

Engineering
Superheater- Inc'

35

23%

21%

74

126 3/„

.

21%

*73

•

62%

:8%
9%

Ohio

Combustion

94%

126 Va

8%

Columbia Gas System Inc t_.No par
Columbia.Pictures chmmon..No par

Dec

35

61%

300

25

a

4

21%;

.

*970 "

*

„

16

13

preferred—100

Columbia Broad Sys.lntf cl A—2.50
Class B
—L_—2.50:

61% .61%
*970

700

•'

*37% ' 39 Va
!

25

,243/4

4%

*62%

%

12 3/a

12%

25%

*15%

Colorado & Southern
2nd

"

*100%

24%

12%,

138%

16

preferred——
20
Ry com—.100
non-cum 1st preferred—..100

7

■

108

21%

64

*134%

14%

5% -conv

7

Dec

xl6

*94

par

..L.J.i——.5

Jan

-

28%

Feb

■<

Corp.J____No

*112

39

138%

35'A

*343/4

112%'
21%

*62 Va

21%

*

—

39 3A

40

39%

-

112%

*37 Va

*125

:
.

68

64

74

4,100

17 V*

17'A

68

39%

125Va

26%

*60

21%

*73

50

800

,

175

25%

125 Va

82

26%

*23

12%
*4

5,700

163A

*79%
J

*125

21%

,

6%

"

.

23

*62%

4'/a

16,800

4

48%

175

*37%

'

48%

•

*125

22%

*134%

•

*17

17%

UO
.100

.

22

175

21 %

61%

*970
"

8% Jun 15

-

61

CLOSED

par

7% Jun

13 % May

EXCHANGE

29 "A

21

L27 Vi
17%

12 »A

4

•

74%

: 125

125

'

.

i__No par

.4

Collins & Aikman

19% Feb

49

-.18%

NO par

Internat .Corp_i__No par

17% Jan

31% May
14% Jun
J

A—'

Class

STOCK

29 Vz

70

,

*6Q

64

25

-

4Va-:

*73

(The) common.No par

Coigate-Palmolive-Peet com__No

'32% May

'

Coca-Cola Co
Coca-Cola

Jan

7% Jun

18% July
17% July

Nov.

7%

Jan

1075

Mar 22

Oct

10%

152

46 Va

3,500

41

,

102%' 102%

82
.

39%

12

217/a

*134Va

+—L-^—L-lOO
2nd preferred—
_100

46 Va

'1

6%

6%

*36

*21%

108

*37Va

»-

215/»

preferred

31

*

.29%

*79Va

20%"

63%

*

39

-12%

-

!

6%
82

27%

i

*125

112

20%

•

-

*106?a

64

*37%

22»A

112

203/4

6%

•.

39

47.

:

*26

17%

21%

108

*63

—50

;

129

*79%

*163/a

112

20%-

24%

12

Jun

20

8%

^

.

1

5% Jan
30% Feb

22%

Dec

92

•."

1

.7

15

18%

20%

90

'
* •'

7
84

*125 ^4,75
.*,,*60
70
39% 40

,

Clopay

4 ' i Jun

.

22%

Nov

33 Va

21%

Clinton industries Ipc

21% Jun

25% May
26% May

9% "Dec

100

r

21
47%

26 Va ' 26%

17»A

21%

;

7
<*79%

<■

26Va

*125 ^ 175
*60
70
40
40 Va

20

Dec

11

'

gtd

stock—

84
0

*163/4

T„-

30% Jan

Feb

9%

4

.48 Vv

22

Feb

-16

21

47 Va

12

14'

45%
"96

Nov

16

103%

47%

Climax Molybdenum+„L—x_.No par

Jun

1332

.''Dec

X24%

47%

V»

*20 %
47.»

f

46%

46%"

Shares

;

2 Va

31

20%

29%

.46%

133A
L

;

103'A

20%

19

137

63%

fruly

x87%

-

*102%

20%

,

2%

V

.

-

32%

j

29%

*79%
'

+.——.'.100

Special gtd 4%

,38*

*31

103 %

15% Jan

July

183

60'A "-Dec
31

73

6

*36%

.

i

134%
1332

14

92% May

^Dec

75%

6% preferred

■

32

20%

*26

Cle.ve Graph Bronze-Co:com—1.1

2-

38

*,

28%

20

Jan

147

May

»'

i

♦13%

23/8

*102%

24% Jun

•36% May

'Feb

137

107

3 *31

X*

>29y*.

'Jun

12

Jan

,10%

Dec

27% ;Dec

11

A

*13%
:
2%

28%

-

20%
47%
7Va

" *7

—No par

2%

32

the Week

share -r!

46%4

5

preferred)—_—:100
Illuminating com..No par

14% >'

J 3%
*36%

,

Bales tor

*•-

June 24

share

jI-Per

*13%

,

-June 23

/46V4

29Va

x_20>

$4.50 preferred

46%

20 Va

.

—^.100

100

4 petshw*

2%
38
1

*31

Friday

.

X023A 102*1023/4 1 03V*

.

47

non-cum

Cleve Elec

16

10

:18% Mar
35%

5%

3

Feb

i-78% May

23% -Nov

42% Jan

9

20% Jun

109

-Dec

.

Mar

85

,;45Va

*

2%
*36Vg

•

Thursday

"

114 V4

<

38

•

L

-

13 %
;

32

June 3$

/ 8 per share

2%

38.

L_.No par

Clark Equipment Co

Apr ■" 5

2 V*

*31

<

,

i.—.———5

7

12% "Dec

39

preferred..—

City Product? Corp.:

18% Jan

36% Mar 21

Apr '

Oct

105

5%%

5

"6

77

,

,

par

City Investing Co commonr.

16

crc c & St Louis Ry .Co com

Jun

"34%

Apr

? T Financial Corp—__i_.No

June 21

' **13%:D4%t

preferred—v—x——^^..100

Jun

Dec

111%

Nov

22%

8% Apr

4%

'

per share" /

,

!

•1

LOW AND HIGH SAL1 PRICES
*
Tuesday
Wednesday.

:

June 20' '

«

Cincinnati Milling Machine .Co—10

-

Jun

88

Jan

'

—25
Blec corp
8.50

20% Jun

38% Aug

July

>

16

May

g per share

Ooppar Co——25

Ciiicinnati Ga^ &

29% Jan 27

Jan

;.:'Vpor..v7

i

(.t'

>"■

Monday

'

,

June 18

:

' Jun

7.

44 Va Jun

>

Saturday

.

:

Chickash%. Cotton
'
Childs ;Co; common..—...x.^x^.l
SVa%4 prefecred—I——.^_100v

24%
15'/a

;

^

1'r-

1"

I

EXCHANGE

*

share

26% Apr
97% Jitn

Jpn

10

STOCKS

•'

'■

N^W YORK .STOCK
;

35

101% May
27
May
'48 % July

Nov
Jan'

*

.

.

31

Jun

29%

Nov

19%
,36%

$ per

2% Jun
1

'42

50% -Nov'

K"
11
f

xl3

Apr

63 % May
Jun

'

Feb

'

$ per share

?
5

/

Highest :

,

'

Nov

2%

Lowsst

Highest

S per share

•'

Range Sinqe Jan. 1

see

6

3 6 3A Mar 30

Jun

15

99% Mar 21

6% Jun

2

56^4 Feb

24

page 26.




RR of Cuba

6%

Vultee

pfd

Inc

Aircraft

106%

107

106 %

107

No par

*106%

107

27%

28

*107%
28%

108

Container Corp of America com__20

*94 Vz

96*

96

$4.52

preferred..,.—

4%

preferred
x.
r.100
Continental Baking Co com..No par
$5.50 preferred
No par
Continental Can
$3.75

preferred

Inc

common

+

9% Jan

7

Continental

Diamond

63 3A May

9

Continental

Insurance

Fibre

96

34

9
34

106%

106%

106%

107

106%

106%

1077/a

107%

107 %

108

*1073A

1073A

*28%

29%

28%

96

96

*94%

29%
96

323/4

33 %

4,000

98%
63A

*96%
6%

98%

6%

500

58%

58%

2,000

133/4

133/4

91%

91%

92

32%

96%

*95%

&->%

96 V >

96 Va

:>6%
'

6%

6%

C%

6%

6%

*6%

59 Vz

59 Va

59%

583A

59

58 'A

59

59

20

33%

13%

91%
32%

*96

240

370

*13%

32%

96-

900

13%
91'.'a
32%

"

94%

340

1,300

14

13%
91 Va
32%\

33

>

31

913A

13%
91'A

*95%

20

28 3A

500

*91%

13%
91 Va
32'A

No par
;
__5
10

28%

9%

13%

200

17

COMMERCIAL

THE

(2762)

18

NEW
■"B
''Feb
46% Feb
e

,

19% Apr
Jim

24% Feb

69

Jul?

52

-/Fte

91% Oct
J0% Nov

42%Mar

12

Jun

16% Jim

W

.

.

Ort

18

•

6% Beu
1% Bee
«
Feb

9J%Dep '
«* Dee
121- Mur
17% Wee
f
96% Dee

:

/

90% Dee
/ 65% Dee
/, 26
Dee
12% Feb
*166
Apr
7% Dee
67% Deo
11% Dec

14

,16% Dee
Feb

7

m% Feb

67 % Dee
4% Feb
18% Feb
Jan

j

199

•

.

3
7

19% Jan
7
.42% Apr 13

Jun-16

•

May 24 <
15% Jun 14
57
Jun 20

96

i

19 Mi Jun

.Jun

109

.

18% Jun

Jan

9Ye Apr
24%-Jan

14

137

: Jan

4
7

21

Apr

22

26% Jan

9

21% Iter

Jun

13

15% Mar 18

21

:

7

•

'.Class

A

pfd—100

Inc

No par

26

98

58%

3%

.

■■■

'1%.

97

.3%;
1%

'*96%

10

39 %

"

21%
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'

22%
96ya

1

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57.

57

.

•

>

180

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11

11

11

19%

19%

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5%

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110
44

♦18%

19%

5%

800

ti

9% ^

-

100

38 %

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700

•

25%1

14%:

'

3;700

<

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25V4

v

1,100

<
•

500

«

>

3,400

<

2,500

500

38%

•

21%": 22%

•132%

23

8%

19%

22%

18%

j

.44

18%
:

22%

10%

19

'

6%

4,600

t

11%

,

19%

19%

1

5%

112%

;

;

300

,

600

;

9,200

,

90
500

43% V

8%

<

19

19

.

113

43%

*132% 140
*22
22%

200

1,200

7

64y.

-

8%

8%

900

•

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i

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8%

180

700

!
-

5%

19%

112

44

-

57

'

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:

111%
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-

5%,

6%

11%
'

-

23 % - 23 Y*
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65

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5%
112 '

22y*

22%

>

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140

*134

140

6%

11%

60

-96%

*96;
*89%

/

57

19%
5%

:

*43 Vat

8%

136

*22%

260

•

1%
23%

•

-*96'

<

180

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11%

111%

<

'j

43%

8%

:

*160

6%
6S

'

19%
"

-.

115

43%

8%

>18%

1%23

•

57-

23%

13% ^ 13%

*,11

19%

-57'

:

23%

6%

*

—

r

13%
180

65

ISff

,

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57

13%*
•160

i

6%

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25

*23%

13%

6%

•

•57

>

-•

24%

•

13%

5%

STOCK

;22%-'22%-

16%

16%

f

*58

8%

<14% <14%
:<38% ; 38%

91

*89

17 y«

•160

6%

44

■

96%
'91

.96%'

64

:

23%
-<9%

I4y2-.

'

*96

19 V*

CLOSED

<25%

22% :

*10%

EXCHANGE

"96%

(25%

39%"

*59

110

10

•

'

-3%

3%"

1%'

^96 '

25%

'22%,

91

24%
•"

180

6%

'

-9%

<

-

•14%

>

1%
'23

•39%,
*

96%

'

17

25%
13%

•25%

22%

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57

25%
,13%

30

3,000

"

17

.57.

...

'

<*9%

39%

•

22% :

91

16%

39%

f
,

3%J

8,400

-

-

59%'

59%

<

179%" 160

96%.

96%

.

*

<>

14%.

14%

14%

.14%-

-

«

25%:

98%
98% 1 '
-~687/ir~S8% -

180'

-*3%.

•

59%

100
200
310

'<

'

.*25%- 26%

>

'

23%

.22%

97

9%

10.

25%

3%

■

59

1,900

7% *

25
•

'9&%

180'

'

1%-. :!%•

'

■

*9%

I8IY2

3%

■

i

.

300

<

t

50
"

51% : 52

251/4

"99

*98%

•

58%-

■

♦180V

'

23%

22%

,

*8Y4

t

*97%

■

100-

52%

-

24%

98%

98%

180 ,181

22%

.

*98%

.

100

58%

...

.25%

24%

'

,

•

30
-

S%;

7%-

-7%

53%

400

2,100

12%'

*49%

'49%

•*7%

52%

12%

*9%

121/4

-49%

7%,

-

10,300

56

12%

-9%

12%

50

*7%
51%.

>

98-

*98%

1%-

•25%

.0

——————1

—

Cushman'a Sons. Inc7%

'<*9%

12%

*49y»

7%

-51%

25%

■-

3%

*96%

.

.

S4«20

Cutler-Hammer

'54%

•

9%.

-

12%

50

*7%
51%

182

.

.22%

:—.—:—j,
I
Cunningham Drug Stores Inc—2.50
Curtis Publishing com—No par
$7. preferred ——
—.—No par
Prior preferred———No par
Curtiss-Wright common
1

7
19.

•49%

.

58%

58%

Cuneo Press .Inc

Jan 19

50

Mar 14

133

July
z3l% May

21

7%'Jan

129

14,

43% Apr 27
7% Jan
3

137

X

54%

.

*9%-

*

>

26%

*1%

preferred —
—10OCudaby Packing Co common——10'
4%% preferred—
100

27

13% Feb

;4% Feb 24

13% July
160
Aug
.61
May
12% July
28% Sep

Jan

9%
,12%

7%

-*3%

1%

' May
6
8% Mar -29

73

S%
12%

'

Cuban-American Sugar. common—10

'

*54y,

9%
50

*181

r

6% cony preferred —
—10o
.Cuba ..RR 6% non-cum pfd—100

April

30y4

30

<

12%

52

,

•

160

Jun 13

.

preferred
par
$4 2nd preferred-No par
Crucible: Steel of Amer com—No par

15% Jan. 2?

■

10% Jun 14
16
Feb 28

.24%. Jaa

4
7

Jan

31%'
54%:

54

*38

72% Jan 24^
31

Jun
6
12% Feb 24
160 ' May
6
5% Jun 24
22

60

i

30%
*53%

29%

54

*98%
89
*99%.100 *

.2JO

Crown- Zellerbach Corp com-.
.

Jan

,

24

-Crown-Cork 6c Seal com

30%.
54%

29%

54

24%

,1.100

..!

3C%

29%

*49%
7%

—

Mar

98-

preferred

*11%

12%

*51J/4

Creameries of /America
,... .1
Cream of Wheat Corp (The)—
2

8:»

27% Jan
.

90

Jaa

3%%

55%

12 %

12 Y*

5%

5%

'

..

26% May 12

,

56%

12%

55y*

12%

29%

.

32% Jan
7/
,100% Apr 13
-10 y« Mar 30

94 ' -Mar 17

17%AUf
177
-Jua
'13% May
.88
July
17% May

,

..

6

Feb

»

,'3%Jan- 8

•

36% Jan y3
20
Jun'14-

78% Jua

....

6<

8% Jan.
23

7<

"$4% May 9
182
Jun 15
4% May 9

96% Jun 22>

38% Jua
84

'■

13'

21%, Jun

^24%-Dec
26% May
>46% Mar
84% Jim
198% July
129
Jua

Dec

99

1% JUn

15

<99% Jan 25
99
Feb 36

>

3% Jfar 25

>19

.

91% Feb

;

171%Jan
-

98% Jim
J*b

,

21% Dee

:

9% Jan

-3% Feb
99%'Jua

Feb

11% Jan

6

Jaa

57

Mar

177
•.

•

.t

Apr <26
Jan AO
92% Jaa
3

68% Mar

(ltefi'O**
;

52

55 Ye

12%

-54%

9%.

6,700

5%

12%

12

Shares

5%

55

,

6

the Week

5%

12%

>

Sales for

$ per share

55 y»

54%

•52%

June 23
$ per share

share

5%

53

14
Cooper-Bessemer Corp common—5
$3 prior preferred
——-..No par
Copper Range Co
No par
Copperweld Steel Co coaamon.j—>
Convertible pref 5% series
.50
.Cornell Dubilier Electric Corp
1
Corn Exchange Sank & Tr Co—20
..Corning Glass Works common
S
3%#: preferred——
, —,100
CUm;* pfd 3% % xer of 1947—100
i Corn Products He fining com..,.—28
7% preferred
—--.100
Cbty inc
:—;
,
;—1
Coty international Corp

Friday
June 24

Thursday

Juiie 22
J per

5%

5%

5%

5%

JB

Continental Oil of Delaware.

54% Jan 12.
26% Jun 20

4

94

July

•

19% Jan

20

.*$% Oct
: 97% July

•"

WADea

.

.49% Jan

<7%Ji0p

.

Her

13

Jun 20

A

Wednesday

Tuesday
June 21
g per share

g per share

$ per share

Continental Steel Corp

May 4
55% May 13
12% Feb 17

49% Jan
4
7
Jun 13

.

t%H«V
60
Feb
ItHot
41

-

.•

LOW AND HIGH SALE PRICES

Continental Motors.

7

36

Mar 26

9

.

Jane 20

Par

58% Apr 18
15% Jan
3

11

14
14

11V* Jua

99

;

8% Jan

14

5% Jun
47% Feb

69% Jim

x49%Msr

i-'ii'

Monday

Jane 18

6 per share

I per share

10% Jttn

Mar.

14

Saturday

EXCHANGE

Monday, June 27, 1949

RECORD

NEW TORE STOCK

Mange Since lea. 1
Highest

t per share
<

19% Her

(

STOCK

<,' Lowest

Highest

f per share

CHRONICLE

FINANCIAL

STOCKS

fer Fltftm

Lmit

YORK

&

8%

-28,500

1,500

19

40

*132%

,

140

21%

22

1,400

11%

6,200

•
•

-

D
Oct

94% Jua

87

Jan

4

94

Jun

18% Dee

20% Jaa

11% Jun

13

14

Jab 24

.14% Dee
; 18% Feb
V
24% Feb

17% Jan

15

98

.

/

,82% Not

17% May
20% Jan

Jan 13

xl6% Mar 8

28% July
31% Aug
94
Jua

20

2
7

26% Jan

3

31

May 12

92

4

96

Mar 29

Jan

i*

94

Jua

92% Jan

11

95% Jan 20

Z

15% Jaa

8% Jun

24

10% Jan

64' - 'flep
8% Nor
8% Sep
,-,27
Dec
91% Dee

13% Jaa
42
Jua

46% Jaa

30 ye Jun

31

Mar 29

38% Jan

84% May
50% Jua

26

Jun

7% Feb

13% July

19

Jun 20

14% Feb

39% July

19

Jun

13

58

34% Jun

29% Feb

,

*

9% Jan

'4% May 31.
17 " Jun 14

29

Jan

8

7.
12

36% Mar 30

13

34

Jan

24

Dana Corp common
3%% pfd series A

Preferred 3.75%

series B

*16%

17

*16

17

60

12

100

*16

17

100

17%
27%

27%

94

94

94

*93

95

*93

95

*93

96

94

94

17%

17%

17%

27%,': 27%

95

27%

94

12

16%
17%

28J/a

*17

*92%

93

93

17%

117%
27%

28

900

18%

18

28

27%

•

3,200
40

<

96

*93

96

9%

9%

9

9

9

9

5%

5%

5%

5%

5%

5y4

19 Ye

19%

♦18

32%

33%

33

33%

32%

33%

32%

31%

31%

.33%

31%

31%

32

29

28%

28%

28

28

28

6y«

6y.

10

333/#

32

1

96

32

31

—100

27%
6 >

&

Delaware Power &

32%

*31%

19

8%

8%

8%

83/4

1,000

*5%

5%

5%

51/4

1,200

*18%

Light Co.—13.50

28 Vi

28

6%

6%

6%

28

6%

6%

600

19

19

19

'

Western..—SO

20

*94%

19

18%

*31%

Delaware & Hudson—

May 10

17

—20

—

Lack

12%

16%

10%
92%

*94%

Deep Rock Oil Corp.

Delaware

♦11%

50o

40% Jan 21
9% Jan
7

13

5'% Jun 13

12%

.100

.

Inc

preferred

94

*12

-*■94

Deere & Co common——No par
7%

*92%

12%

9%

___50c

Dayton Rubber Co
Decca -Records

10%

94

*12

*16

series A...J.10Q

Preferred 3.75%

10

*92%

12%

9%
04

2.50
5% conv preferred —
J20
Davison Chemical Corp (The)
1
Dayton Pwr 6c Light common——7

10%

10%

9%

94

*11%

—1
100

—*

Davega Stores Corp common

,4,200
600

1,000

6%.

6%

19

19%

19%

19%

19%

19%

19%

19%

19%

19%

20%

22

21%

22

2iy4

21%

21%

22%

21%

22

39%

37'%
21%,

37

38

2,700
3,600

Denver 6c Rio Grande West RR
V

;; 32% Mar
20

*

,••'.66

}}
:j

Jan

3

22'/e Apr 20

Detroit Edison

50"

Jun

7

58

Detroit Hillsdale 6c S W RR Co—100

6

Jun

14

Jun

!

14

Jap. 10

9% Jan

7

24% Mar

2

13% May
26% Oct

15

16% Jan

8% Dec
22% Mar
11
Dec

,

14

2Q,

July

21% May
60% Jan

Apr
Deo

11% Jun 20

13

Mar 29

19% Deo
35% Mar

?

16 Ms Jun

13

22

Jan 26

Jun

32 y2 Jun

22

40

Jan

7

Feb

1

Deo

46% July
19% May

45% Feb

11

,

28% Jim

88

;,

46

39% Jun 23

Mar

9'/«Jun

14

6% Jun
13

Escrow

27% Jan
7
50% Jan 24

13
13

127/e Jun

xl9% May

ctfs

Tear 1948

13% Dec

.

t per

Steel

Devoe & Raynolds class A—
Match common

Diamond

share

17

Jan

8

24% Feb

14

30

Jan 18

Apr

45% Jun 13

53

Apr 26

23

Jun

19

Feb

11% Nor

32% Feb
97

Feb

106%

Feb

106%

Doehler-Jarvis

Oct

50% Jan 21

Dow Chemical

105

101% Apr 22
101
Apr 29

98

Deo

20

12% Deo

18

July
May
May

11

108% Jan 21

20

80

Jan

12

Jun

Jan

24 ys May 4
86% Jan 21

Apr 27
11% Mar 8

3%%

43% Jun
94

124% Jun

Feb

111% Aug
10% Deo

16

116

12% Dec
88% Feb
157

Preferred $3.50

Jun 20

27

115% Jan 12
12% Jan 10

15% Jun 14

20% Mar 30

13

8% Jun 15

16% Mar 29
13% Jan ; 7

Jun

14

7'/4 Jun

14

38% Jun

Jun

13

164

Jan

5

83% Dee
19% May

Deo
Mar

Preferred

Jan

9Va Jun 13

46% May

30% Dec
82

112

Jun

175

Sep

14

47% May 26

25% May
20% May

Dec

•

16% Dee

21% Jun

7

14% Apr

13

92% Jun
16% Jan

10% Feb

92
Dee
6% Jan

106

,39% Nor

56

9%
6%
14y8

6%

6%

6%

6%

13%

13%

13%

13%

88

Jan

96

8% Jun

6

Jua

Jan 12
4

Jun 14

Jun

1

.

13% Jan

7

47% Mar 29
180

May 27

32% Jan
18

Jan

7
10

90% Jun 13
14

$

share

-*23%

24%

10%

*241/4

47

47

10%

*10

10%

*10%

26%

26

26%

25%

'800

25%

25%

*46%

46%

Shares

10%

10%
26

46%

.

120

46%

lOVa

10%

10 Ye

10%

1,800

-26%

26%

263/4

2,100
5,400

15%

15%

15%

16%

16

16%

163%

57

57yr 58%

58

58

58

58%

58

58

1,900

common—IS

43 Va

44%

44 y4

44%

45

44%

44%

44%

443,4

3,700

104y4

104%

*104'/a

105%

*104%

105

*104%

102 y«

No par
No par

15%
45

102%

102%

102%

*102 %

103%

102%

18

18%

18 y4

18%

18%

18%

18%

—100

*83

85%

*82

86

86

*82

1

*16

16%

*16

16%

16%

17%

*17

9%

*9%

9%

•9%

5

—

Dilquesne Light 5% 1st pfd

9%

9%

*81

45%

46%

121

120%

120%

*120%

100

99%

99%

113%

112%
10%

113%

9%

112%
*9%

DWG Cigar Corp

100
1

Eagle-Plcher

.10

STOCK

16

16%

16%

16%

Eastern

—1

EXCHANGE

13%

14%

14%

14%

CLOSED

*8%

8%

8%

Co
Airlines. Inc.

Eastern Corp common.
10
Eastern Stainless steel Corp
Eastman Kodak Co common—10

6%

preferred
Eaton Manufacturing Co.

9%

8

;

2
1

preferred

common—.2.50

4%% preferred
Elastic Stop Nut Co..

7

Electric

——100

*89%
.

10%
*95

.

45 3/4

121 Yt

32,000
300

99%

997/a

600

113%

113%

113%

*113

113%

90

9%

♦9%

*9%

9%

600

16%

*16%

16%

16%

16%

900

14%
8%

14%

14%

14%

14%

8,500

*83/4

9%

*8%

•

*8%
40%
*175%

.24%.

24%

24%

10

8%

8%

1,500

41%

40%

41%

8,900

176%

177%

40

243/4

1,400
300

8%

243/4

14%

*14%

14%

90%

♦89%

90%

11

11

*10%

11

*95

97

*95

97

*95

97

-

14%

*89%

11

14%

14%

90%

*89%.

*6%

34%

34%

*6%

6%

33% Apr 29
12% Feb 25

43

16% Oct

15% Apr 14

Electric Boat

32% Mar 18

::
1% Nor
<18% Feb

1% Jun

13

Convertible preferred——No pax
Elec 6c Mus Ind Amer shares-

*33%

2% May
23% July

35% May 13
2% Jan 12

1%

1%

*1%

11%

197/s Jan

3

26% May 16

Electric Power & Light com—No pax

25%

25%

25%

25%

48% Dec
12% Dee

56% Jaa

34% Jun

7

51

17

36%

36%

36%

36%

10% Jun

2

—IS

27%

*10%

10%

17% Jun 13

——10

*18 Ye

10%
18%

103/4

Jua

13% Mar 24
21% Jan
7

Electric Storage Battery
Elgin National Watch Co

No pax

Jan

19% Nor

18

18

48

57

*48

51

*48

51

*43

46%

*43

46%

34%

35%

34%

13y4

13

34y»

34%

13
34%

^33%

13

6%
34%
13

34

*6%
34%

34%

13

*6%

11

34%

1.300

97
-

6%
34%

1,800
1,400

13%

13%

*33%

13

34%

■34 Ye

100

1%
26%

2,200
49,300

1%

1%

*1%

1%

1%

55%

25%

25%

26%

26 Ye

36%

363/4

•

90%

307/»
*95

6%

*33%

600

9

177%
243/4

11

6%

13

463/4
121%

8%

*89%

87% Jun

(The)!..;

45%
♦121

*HYe

*6y8

common.^

1,700

40%

24%-

Feb

Auto-Lite

9%

*8%

*141/4

97

200

9%

40%

90%

10%

85%
173/4

9%

*175% 177%

8%
8%
40
40%
*175% 177%
24%

*i7y4

9%

85%
173/4

46 Ye

14

8%

11,600

121 %

46

121%

iey4
■

14%

14%

————100

Products Co

Ekco

8%

40
40%
175% 175%
23%
23%

100

Edison Bros Stores Inc common

9

*83

400

,

19

*99

9%

46%

19

19

99%

<99%

112

45%

102%

102%

102%

100

105

*104%

105

99%

45%

121

*99%

series
No par
series—JKTo par

$4.50

2
1

Jan

Sio%

*24%.

10%

the Week

10%

47

25%

Sales for

15%

New

4%%

Friday
$ per share

-

*10%

25

46%

600

1,200
18,100

June 24

petehare

*24

"46%

"

1,000

15

14%

15

25

*24
*46%

.

900

7%

7

10 Ys

10 %

,10%

92% Feb

ll

.

I per share

per share

700

1,300

56%

5

Apr
101
May
7% Apr

per

400

123/g

June 23
S

!

16

*11%

Thursday

June 22

June 21

.

14%

LOW AND HIGH SALE PRICES
Wednesday
Tuesday

10%

Corp ——.
Ho par
Pont de Nem (E 1) 6c Co corn-

101

19% Nor
22% Jan

Deo

9%

17

*153%

11%

No par

preferred

122% May 18

3

10%

40

9Va

10%

•

No par
No par

International——

14

40

*10%

7

40

9"Va

16

11%

26%
l63/a

—

Co

Feb 28

97% Jan

15% Jan

13% Oct
13

119

99% Jun

f per share

Duplan

5

Du

113% Jan

conv

Dunhill

Jan

*39 Ye

10

7

40%

9%

June 20

$3.25 2nd preferred
Dresser Industries common.——50o

May 16

40

10

40%

No par

$4 preferred series A—

13

39%

700

333/4

6%

6%

*15%

No par

Douglas Aircraft

19

8% Jun 13

17 Vs.

33%

*6%

i

Dome Mines Ltd

Apr 29

17%

333/4

17%
32%

'•

—

17% Apr 20
63% Mar SI

17%

33

17%

13%

Corp_

3

18

83

24

7

31% Jun

X18% Nor

Jan

12% Jan
43

Jun

90

Dr.. Pepper Co

33

16

11%

32%
40%

c r" g

6%.

6%

*6%

15%

17

Monday

53

.

6%

32%

9%

500

6,500

11%

*40

Ltd—

—

48% Feb

67% Apr
50% Oct

Nor

14% Mar 29

6^4

*48%

53

1,900
.

21%

21%

21%

*48%

373/4

*37

38%

21%

16%

6Vs'

17

2

*37

*11%

:

5

—

13

53.

33%

17

25

Par

12

21^

*48 Ve

*32%

50c

Dlvco Corp
Dixie Cup Co common

Jun

.10

X21%

11%
17%
32%

Jane 18

A

37%
21%

*15%

11 Ye

Satarday

Class

,

*48%*?3

'

6%
ley*

11%

12.50

Corp

25 '/a Jun

Jan

47

; 6%

No par

i per share

Jun

40

53

*15%

EXCHANGE

66

Feb

*48

NEW TORK STOCK

Highest

41

Deo

."{21%*

1

6% partlc preferred
Diamond T Motor Car Co—
Stores

21%

5

Corp—

Distill Corp-Seagrams

Nor

10

*39

Detroit-Michigan stove Co———.1
Detroit

De Vilbiss Co.

Range Since Jan. 1

9% Feb 24

20% Oct

29

—20

15% Jan

46% Deo

25

.100

Diana

Lowest

I per share

$ per share

pfd—

———

12% Apr
5
7% Mar 12
6

—.100

STOCKS

,

Highest

Lowest

com—

Escrow ctfs lor

Baage for Frerloue

;

for

v

■

Z68

Dee

74% Jun

41% Dee

49

lift %

20*%

Oct

Jun

.

15

Jan 10

Jan

6

9% Iter
U% Jan
29% Dee
97
Feb

4% Jan
9% Feb

50% Feb
Sep

69

.4
.

Deo-

9% Dec
7% Mar
94% Deo
3% Dec

!r

42 Mi Jan

34

.

6%
16%
65%

66%
9

Feb 28

29

May 16

12% Jun 17,

14% Jan

Jaa
.

47

13

x29

Jun
Nor
July
July
Apr

4% Jun

6

9% Jun 13

48% Jun

1

59%-May 10
3% Feb 25

Jan

6y8Jun 13

6% Mar

49% May
7% Mar
see page

6

V* Jun 16

100% Jan 24

20% May
11% Jan

For footnotes

Jun

8% Jun 14

16% Dee
-16% Aug
104

14

24

July

36
3

26.




Jan

5
4

Jun 15

13% Jan

7

16% Mar 31

Elliott Co

5%%

common

preferred—SO
5% preference
..50
conv

El Paso Natural Gas

new.:
____3
Emerson Electric Mfg Co
—4
Emerson Radio 6c Phonograph—§

24%
*83/4
12 Ve-

25

24%

8%

8%

12%

12%

11

*17%

'

48

-

*47%

36%
10%

37
10%

18

18

18

48

48%

48%

48%

*43

<

-

»•;

24%

8%

8%

12%

12%

8%
13

13

200

46%

25

<

300

<

48

*43

83/4

25

600

10%

*47%

<

46%

24%

8%

24%

8% :

700

37

10%
18

12%

25%
12%

36%

11

18

25

3,800

9

i;900
3,900

13%

'

17% May 26
33% Mar 25
104
5

Jan 13
Jan

7

14% Jan 21
61% Jan 24
68

Jan 31

4% Jan
10% Jan

.

6
7

9 V* Apr 30

44

May 19

5% Apr

6

Empire District Electric Co
10
Endicott Johnson Corp common—25
4% preferred ——
—100
Equitable Office Bldg
l
Erie

4%

15%

30%
104

16

16

303/a

303/a

101Y* 102 3/4

15%'
*30

15%
31

101% 101%
4%
4%

4%

*4%

No par

10

10%

10%

10%

preferred series A
_100
Pittsburgh RR Co——J50

50

50

50%

50%

*49%

51%

*56

61

61

*56

61

RR common

5%

15%
30

*1023/4

Erie 6c

*56

Eureka Williams Corp

g

*4%

43/s

4%

Evans

S

*63/4

7%

*6%

Products

Co.

Eversharp Inc
Bl-Cell-O Cnrp
Exchange Buffet Corp
-r---T

*

7%

73/8

w
950

403%

41%

7%
41

43/s

10

73^
41%

6%
*7%
41

16%
16
30% i 30%

16
31

103%

160

4%

3,700

4%

10

10%

9%

49%

49%

*55

*

493/4
*55

60

4%

6%

7

7%
4iya

7%
41%

*3%

33/4

'

5,300
500

493%
60

—

•

4%

5,000

*6%

7

7%

10

4%

4%

41

400

*101%
*4%

4%

1,000

102%

4%

4%
7y8

10 Ye

153%
*30
102

7%

200

7y4

IVe '

♦41%

42 »/4

*3%

3%

2,000
2,100
'

*3

3%

*3ya

3%

*3%

33/4

Volume

Number 4815

169

THE

COMMERCIAL

NEW
i

for rmtou

Bange Since Jan. 1

37

Lowest

Highest

9 per share

54%

Nov

Jun

13

41% Jan

19

Feb

28

25 %

23% Feb

15

32 %

Oct

Apr

28%

Nov

5

Nov

11%

Jun

% Jun

8

7% Jan

11

Feb

16

Oct

9

14% Jan

8

35 Vt

Feb

43 :

Jun

Jun

6

38 % Jan

26

11% Mar
32

20% May
12% May

14% Jun

17

Dec

3% Jun

14

20%

Feb

31% May

24% Feb

9

90

'

Fairbanks

7

Feb

99%

95 % Mar 23

Mar

5

Jun

Fa jar do

May 3
May 19

Moras

ft

Federal Motor Truck

28% May 17
100% May 3

__

Dec

14% Jun

13

20%Jan

a

26%

Jun.

12% Jun

14

17% Jan

6

Ferro

69%

Oct

64

Jun

15

53

Jun

44% Jun

6

68% Apr
6
50 % Mar 31

May 16

107% Mar 17

107%

105 *

Jun

49% Mar
14% Feb

59% July

53

Jun

17% Jan

3

42%

21% Jun

7

31% Jan

7

98% Jan

7

102
28

96

Dec

X104

May
36% May

Jan

3

,.26

Dec

13

Deo

15% Jun

18% May 25
13% Jan
3

12%

Dee

21% Jwi

12

40%

x9% Jun

May 26

62

U

II

II

%

1

13%

14V4

13%

14 V,

33

32%

32%

15 V4

15

15%

32

*31

15

15

15

*14%

33/4

3%

*14%

*13%

13%

13%,

64%

65

44%

44%

100

*105

No par

*61

;

Pollansbee Steel

•99%

100%

*14%
13V4

131/4-

65

66%

44%.
105

105%

14%/ ; 14%
13%

15

13 V»

65%
45

44%

65%.
*105

106
62-

61%

61 Va

61%

61%

61%

♦61%

62

62

11%

11%
233/4

11%

11 %

11%

22%

*11%
23%

♦11%

22%

23%

23 Va

23%

23%

11%
23%

99%

*98

99%

♦98*

20%
15

*20%

14%

13

13

,

*98
20

„7 %~

13

20%,

15 Va

13

•;
V

20

15

■

No par

22%

Dec

9% Mar
79,

82% Nov
22

11% May 18
29% Jan
8

Jun

78

Dec

89% Jun

9

38% May
25% Jan

19% Feb

11

May

2

92%
•

Dec

*

^

lOd

*98

30%

20 »/4

20%

15

14%

14%

13

13

13

13

95

26

Corp

17

25 Ye Feb

3

Feb

26

11% Jan

11

May

13

10% May 13

Oct

x38

48% May

10 V4

10%

26

19

17% Mar

16 % Jun

6

84

70

Aug

Jun

22

9
16% May 27
20% Jan 12

78% Feb

llVa

83%

82

82

90

90

22%

22%

223/4

22

22

22

13,

?

10%

3,600

11%

11%

11%

11%

231/4

23 V4

23%

23%

4,300
3,500

82%

83

IO1/2

10%

50

83

*81%

83

♦893/4

9Va

90

89%

90

90

90

22%

223/4

24

23%

23%

22

22

22

22

22%

-

22

*21%

-

v

.

100

3,300
120

'

—No par

9%

9%

j

*9

9%

,

*9 Va

9%

200

8%

*9%

9Va

900

8%

8%

8%

*8%

44%

45

443/4

44%

443/4

443/4

45 Va

45%

*45%

46

♦14%

15

15

15

15

15

143/4

15

14%

15

17%

17%

17%

17%

17 Va

17%

17 Ye

17%

71%

71%

70

71

72

72

72

8

8%

8

1
10

preferred

*13

*81%

22

9%

23

90

22%

10,
25

common

prior preferred

4%

11%
23%

90

14%

14%

11%

10 Va

11%
22%

10%

♦82

♦8

8

'

I

STOCK

Froedtert Grain ft Malting Co Inc_l
Fruehauf Trailer Co common
1

2

10%

11%
23

100

Freeport Sulphur Co

Feb

6 %

•<.

100
:

Francisco Sugar Co
Franklin Stores Corp

47%

Dec

Foster-Wheeler

Jun

'

*

Jan

26% Mar 17

9

68%

r

18

*

20%

*20

23 V4

10%

11%

■

—

l

Coip„10

11%

23%
100

*98

100

15

22%

; -10

10

i

Machinery ft Chem
3%% conv pfd
3%% preferred
:

8

11% Jan

Feb

90% Jan

1

;

Corp

Food Fair Stores Inc_

Food

21% Jun

16% May
10

12% May
24% Jan

10

7

-

Dec

8% Aug
35% Feb

24% Jan

24

29

105

Mar

9%

15

8% Feb
20% Apr

47%

Dec

24 %

Jan
Jun

12% May

Dec

65%,
45%,

*44%

45

106

♦105

105

♦13

♦11%

(The)

Florida Power Corp
Floraheim Shoe class A

*105

28%

IOOV4

33/4

65 %

45

44%

...

106

3%

27%
100 V4

14%

14%

16

*15%

-

28%

100 y4

65

14 Va
33

*31%

*13%.

13%

64%

II

'♦14

3%

263A

15

l

-

~

27

30

%

28%

3%
27%

♦99%

993/4

10
25

—

21%

'

30

3%

3%

27

99%

15

*14%

.;

14

33/4

27

26%
100 v*

16% May 19
13% Mar 9

6

32

3%

—No par
Nopax

Jan

32 Va

26%

$4 preferred—Florence Stove Co

.

14 Va

*14%

Carpet Co_
No par
PUnlkote Co (The) commas—No-par

May 13

14

*31
t

14

Shares

35%

21%

li

_5

First National Stores

Firth

n

13

♦99%

Firestone Tire^ft Rubber com

24

20% Aug
Jun

11% May 26

28% Nov

21 Va

*29%

*34%

34%

21%

29%

5

Corp

preferred

34%

21%

29 Va

1QO

Fidelity Phsn Ftrs Ins N. Y.
4%%

34%

21%

29%

5

com.

Feb
Dec

34%

213/4

29

2

4Va%

Dec

No*

34%

213/4

28%

No par

Federated Dept Stores

19%

24% Sep

34 Ye

21%

II

the Week

share

30

34

21%

l

Fedders-Qulgan Corp
Federal Mining ft Smelting Co
Federal-Mogul Corp

9 per

9 per share

28%

34
*'

*_2o

Sales fee

Jane 24

June 28

June 22

f per share

tper share

Friday"

Thursday

Wednesday

Tuesday
June 21

1 per share

1

!

Brewing Corp__
FAR Liquidating Corp.

17% Jan 26
6% Jan 10

$ per share

No par

Co

Sugar Co

Falstaff

17%
42

June 20

10

LOW AND HIGH SALE PBICES

preferred —1—
Felt ft Tarrant Mfg Co

103 %

Monday

Jane 18

53%

.

Saturday

(2763)

RECORD

STOCK

Par

7

33%

20

16

CHRONICLE

STOCK

EXCHANGE

S per share

34

Jun

NEW YOBK

Highest

t per share

I per share

Xl9yg Nov

YORK

FINANCIAL

STOCKS

Year 1948

Lewest

&

17% '17%

EXCHANGE
CLOSED

100

;

72

72

.

4.

*71

,

1,100
1,000
1,800
190

y

G
t

6%

Dec

10% May
May

6%

Dec
Dec

20

4% Jun

Jan

Aug

9

15

4% Jun

14

14% Jun

10 %

16%

10

7% Apr
4
7% Jan 10
17% Jan

Dec

12

38%

Dec

Jun

15

41% Jan

Feb

48% Aug
17 V* July

34

12%

13

Feb

25

17

Nov

23%

15

Apr 26

6 Ye Jun

5%

Dec

Dec

11%

Feb

99% Mar
42

105%

Dec

100%

15

19

26

25

14

13 Ye Apr
6% Feb

13

32% Feb

4

14

13% Jan

3

103% Jan

25

42

Feb

15

May

100

Jun

17

11% July
Dec

9% Jun

14

157

106

8% Feb
146

Apr
9% Mar

Gardner-Denver
Garrett

Gar

3

23% Jan

159%

Jun

7

46% Jan
106

Jan

15

July

6

Jun

13

72% Sep

82

Jun

65% Apr

25

Nov

44% July

24% Jun

14

31

Jan

Dec

24

Jan

17 % Jun

15

20

Apr

*125

Nov

144

Jan

139% Apr

2

31% Mar

43

34

41
96

Jun

118%

Feb
Feb

97

129

-

163% Jan

10;

17

May

34% Jun

13

40

Jun

39% Jan

3

Oct

128%

Jun
Jun

Jan

50% Mar

93% Jan

<

4

Jan

13% Jan
52% Jan

4

128% Jun

4%

107% Jan

Apr

conv

7%

11

13

com

5%

9 per share

62% Feb
125% Jan

Feb

99%

Jun

x97

Jan

6

100% Jun

3

12% Mar

17%

Jun

13

Feb

25

16% Apr 28

16%

Feb

26

Nov

22% Jun

17

26

12%

Nov

18% May

12% Jun

14

4% May
Jun

2% Jun

14

16% Mar
3% Jan

11 vg Jan

3

15% Jun

14

120

Sep

4% Mar

May

128%

Jan

120

10

20% Jun

22

22%

Feb

24%

Nov

31%

Jan

24

110%

Feb

132%

Oct

X102

22%

Dec

21%

Dec

29% May
30 Ye May

May 19

4% Feb

6% May
30% Jun

Mar 14

Jun

16

22% Jan

3

May 18
8

123

Apr

18%

Dec

30

76

Dec

90

72%

Jan

102%

Dec
Jun

May
82% May

Jan

11

122

Jan

27

26 Ye Apr

4

18% Jun

23

22% Apr

4

99% Apr
15% Jun

4

102% Jan

4

13

21% Jan

5

70

Jun

21

77% Apr

11

70

Jun

9

15

12 Ye Feb

14

33% Jan

Mar

$5

Motors Corp

Gen
-

$3.75

Outdoor

Gen Precision

Public

3
7

75

Dec

85%

Jun

74% Feb

23

76

Jan

31

21% Jun

17

26% May 13

17% Jun

17

21% Jan

Glidden Co

48% Jan

3

5% Jan

3

x95 %Jun

13

24% May
64 % Oct

14% Jun

47% Mar

52% Jun

94% Mar

103% Aug

Dec

38% Mar

96% Mar
2%

12

13

17% Jan

7

14

64

24

103

5%

100

Jun

Oct

50%

34

Jun

14

Oct

98% Jun

20

23%

Jun

10

Uun

10

5%

Jan

8%

Oct

16% Jan

4

16% Jun

14

18

Feb

35

Oct

Nov

31

May

99

Jun

Nov

9 % Mar

1% May 12
5% Feb 19

Apr

18

23

89

' Mar 24

Feb

17

U4%

Sep
July

20% Mar

45% Jan 26

*'

35%:

42 V,

97'Vg
6%

•

54%

♦124%

124%

99%

100

*99%

99%

99%

14%

14%

14%

14%

23

223/4

>

*223/4

13%

•

"*

•102

j

23%
19
♦100

*67

♦123/4

13%

*25

103

18%

*16%
70
*67

71

6

6 Va

25%

80

12%

20%

24 Va

24 Va

18%

19
102

*100

10

*12%

6

26%

26%

*743/4

76

.*743/4

22

22%

22%

17%

17%

18

*49'A

*22%
173/4
•49 %

49%

8 Va

8%

8%

98%

♦96

14%

20%

20%

25%

25%

102

104

23%

24'A

18%

18%

♦100

102

8 Va

•96

98%

Gotham Hosiery

Graham-Paige Motors

8% Apr

23

2%

2,200

12%

11,200

•118%

122

21

20%

25'%

20% May

4

Grand

28% Jan

7

Granite

25

May 31

93% Apr

26

97

Jan

25

11

14

16% Apr

9

11% Jun

13

13

Feb

50% May

33% Jun

13

43% Jan

7

16

Dec

23%

16% Jan

3

18% Jan

10

40

Jun

145%

32

Jan

6

Jun

Apr

27

Jan

77

134
66

Jun

3

29%

Feb

40%

13%

Dec

17% May

Jun

36

Apr
Jan

144% Mar
66

Jun

11
13

3
3

160

24Va

24%

24 Va

1,400

18%

18%

1,200

183/4

102

102

♦100

71

♦67

71

6 Va

'26%

27 V,

♦81

12%

J2%

♦743/4

27%
13%

13Va
76

♦74%
*22%

22%

22%

23 V,

18

18

18

17%

493/4

49%

♦491/4

49%
8'/a

8 Va

98%

♦96 Va

49%
8 Va

5,600

99%

15

143/4

15

14%

15

800

I

56%

56%

563/4

56%

57

2,200

•'

101

100%

♦99%

100%

♦99%

100 %

100

200

!

3,000

;■

300

j

100%

33% Mar 19

38% Jan

14% Mar 29

3

10

Feb

13% May

10% Jan

1%

preferred

Green

90%

Dec

98

Jun

93% Jan

16%

Nov

25% July
9
Jun

15% Jun
5

Feb

24

(H L)

92

Jan

4

97

Jun

10

9% Jun

13

14

Jan

7

4

9

4%%

15

20% Apr

6

Grumman

Feb

97

12%

Nov

20%

Feb

58%

Jun

41

Jun

14

57%

Feb

81

Jun

56% Jun

13

14

Jan

18% July

15% Jan

3

For footnotes

July
Jun

see




page 26.

36%

36%

37%

7% May 17

50

Jan

8

71% Jan

7

20

L

—

Co Inc

Apr 16

(The)

100

99

99

99

11%

11%

12

12

1%

1%

1%

6%

6%

6%

*6 Va

6 3/8

6 V,

19%

19%

19%

Sugar

common

Corp

Gulf States Utilities Co

,

11%

IV,

12

6 V,

20

18%

183/4

18%

25

25

25

243/g

25

96

*95

No par
-100
100

95%

95%

12%

123/4

*127#
*34

34%

*11%

lis%

13 Va

11%
35%

35
17

17

*134%

135%

*64

135%
*64

68

135%
68

13%
*34

11%

353/4

16%

*95

11%

12

34%

12

11%
16%

If/*

34'/a

'35%

34%

34%

34%
*

95%

ft

100

1,000
5,800

12%
1%

~

18%

95%

12%
1%

IV,

25

*

♦98%

100

19

6%

400

20 Va

2,200

;

19

1,100
3,700

;

♦18%

24%

24%

♦95

95%

180

13 Ye

*12%

13 Va

1,000

r

35%

♦34

35%

ioo

r-

12

•11%

12%

500

163/4

IB3/*

16%

36%
16%

3,900

163/4

134%

♦134 V,

135%

134%

134%

50

*64

68

*64

353/4

68

35%

900

68

♦64

1,600

36%

36

♦36

36%

36%

36 3/4

36%

36%

36%

36%

*12 Va

13

12

12 Va

11%

12

11%

11%

♦11%

12%

1,300

11 Va

11%

11%

11%

11%

11%

13,200

*97%

98%

*97%

98 V2

11%

11 Va

11%

97 Va

97%

973/4

98

*97 Va

10

15%

15%

15%

16

15%

15%

6%

6%

1
No par

25
No par

6%

63/4

96

96

10%

10%

6%
*95

10%

6%

99

96

95

95

10%

10 Va

10%

16

16 Va

*6%

6%

♦94%

94%

10%

10'/a
43

130

2,500

16%

16

6%

6%

94%

,

800

94%

60

10%

10%

3,200

*42%

43%

600

♦41%

423/4

42

423/4

42 V4

•41%-

58%

59 Va

59 %

59%

59

59'/4

59 V4

59%

59

%

59%

8,500

17

17%

17%

17%

17%

18

17%

18

17%

17%

5,100

♦41%,

,

953/4

134%

353/4

i
)\

*6%
20%

163/4

11 Va

Gulf Mobile ft Ohio RR com_No par
$5 preferred
No par

Oil

1%

100

Corp

$5 conv preferred

*99

99

1%

37%

37

36%

19%

1

preferred

Guantanamo

363/4.

10%

3

Aircraft

x

—

Common

Gulf

363/4

183/4

Greenfield Tap ft Die Corp—No par

14

85

com

Green Bay ft Western RR

11% Apr
98 % Jun

44

;

19%

Gt Northern Iron Ore Prop—No par
Gt Northern Ry 6% pfd
No par
Great Western Sugar

Greyhound Corp
4

i

36%
98%

*34

<

j

143/4

243/4

No par

J

I

100

8

j

56 Va

98%

24%

1,100
1,500

23%
,18

15

18%

.

100

2,900

76

57

19%

'■

2,800

13%

56%

18%

1

27%

♦97

81/4
99

*19%

100

1,700

84

*81

84

50

6%

6

6%

263/4

6Va

No par
5
com

100

17%

*68%

10

City Steel—
(W T) Co common
3%% preferred
Grayson-Roblnson Stores
$2.25 conv pfd

400

102%

*143/4

*

11% Jun

22

Union Co (The)

Grant

1,200

102%

71

6%

5

Granby Consol M S ft P

20%
25%

♦25

102 Va

71

1%

,

t

—1

1,700

5

5

5Va

*17%

10%

par

No par

100

16

*683/4

76

700

800

1,600

12%

♦67

84

300

r

,

56

'

5

Jun

35%

par

300
,

•2%
*15%

17%

♦17

71

*67

6 Va

77

50

*5

5

71

193/,

*80

122

*68%

71

26,300

13 %

70

*80%

14%

13%

173/a

13

55,
♦100%

131/4

*163/4

83

*95%

100

13 Va

17%

12%

8 Va

23%

122

104%

26

*49%

23%

*118Va

17%

1

23 V,

2%

5

Shares

55%

23

16

♦118%

Salea for
thaWaak

55

12%

104%

71

Friday

23

2%

*100

30

14%

123/4

5Va

17%

100

Jane 24

14%

♦153/4

25%

19 Va

-

S per share

14%

23/a

21 Va

102

102

100

15%

24

5,400
1,700

126%

U00

*99%

12%

5Va

23%

126%

100

-

6%

99%
14%

2%

25%

104

97%'f
45%

124%

15%

•

20%

5

*

6%

55

123/4

122

24,700
4,000

'

43

45%

125

2%

*118%

120

34%

124%

*124

16%

22

2.50
No par
50

105

100

300

34%
*96%

126 %

12%

25%

12%
♦74%

'•

mi-

42%'

■r

6 3/4

2%

21%

25%

CLOSED

71

'

97 Va

12%

'

80

STOCK
EXCHANGE

3,200

7%

129

•128

46 '

*153/4

2%*

122

No par
No par

preferred

14%

12%

♦118%

5

com

100

16

Inc.

54%

54%

5

300

'

27

17%

$ per share

124%

25%

10

7%

June 23

June 22

9 per share

55%

*21

; 2,ooo

f.

156

*9%

Thursday

Wednesday

-

124%

12%

No par

conv preferred
Brewing Co
Gold ft Stock Telegraph Co

126 Va

*100

54%

*2%

•

No par

com

6%

46

14%

A

•

10 Va

•

IALE FBICES

Tuesday

9 per share

r

45%

99%

No par
100

4%%

$5

-.6%

124%

_No par

(B F)

97 Va

97%

6%
45 '

54%

♦15%

Goebel

Goodrich Co

♦96%

"•

63A

124%

No par
100
10c

preferred

Goodall-Sanford

97Va.
46

June 21

13

common

(The)

6%

9 per share

5

Safety Razor com
preference

$4.50

*96%

-

.

June 20

:

2'100

J

10'

42%

12%

7

36%

5% Mar

34%

42'/4

23

5

15% May

Apr

35'/4

41%

*22%

3

Dec

60

35,

41%

1

3% Jan

*12

Feb

353/a

No par

conv

100 Va

*152

129

413/4

54

140

*98%

♦26

25 Va

Monday

1 per ehara

j

*

'

*67 Ye

6%

!

1,700
1,800

43%

18

41%

Saturday

No par
No par
No par

107

26 V2

•96%

'

10

16% Mar

104% Feb

Mar

>

''

.

"700

•

43%

71

35%

105

Goodyear Tire ft Rub com_i.No
$5 preferred
No

29

132

14% •: 14%
f 106

"

105%

Feb

-.

*

Dec

15% Aug

8% May 16
Jan

Dec

15

53% Mar 25
116

$5

129

129

129

129'

126%

Gleaner Harvester Corp

May
55% July

Gillette

Glmbel Brothers

129

129

*100

Co

■

407/a

'6%

5

14%

16%

'

*126 Va

preferred

13

Oct

18

Georgia-Pac Plywood ft Lumb Co_l

Jan

Nov

*17%

*68 Va

17% Jan

6%

173/4

100
100

1

122

1 173/4

>

127

preferred

14

Mar

17%

26%
*17%

105

—

12 %Jun

Mar

♦67V4

26%

45%

com.

79% Jun

4

71-

*25%

*100

com

24

7

6%
*69%

26%

1,300
'

4

7 Va

34%

f

.

No par

May

7

7

71

129

10c

25

91

6 3/4

♦25%

V

1,600

.

23

10

7

*67%

6%

*126 Va

Corp

39% May
96 % Jun

Jun

7,

45%

Equip Corp—

Feb

♦91/4

9%

25%

17%

8%%

9%

-•/

11%

4

10 Ye

158

♦153

71

5

4%%

10

100

.

16
:

16%

43%
101 Va

♦99%
10Va

158

9%

LOW AND HIGH

Cement

Time Corp
preferred

10

*153

10 Va

158

43

101%

100%

Refractories

4% %

9%

*99%

101%

107

15

*21

143/4 -

♦106

43

126 Va

Advertising

Gen Tire ft Rubber Co

*153

9%

June 18

Dec

113

11%

16%

143/4

.

•15%

23

300

36

*

*

*

General Shoe Corp
1
Gen Steel Castings $6 pfd—No par
General Telephone Corp
20
General

10

10 Va

158

-

45 Va

com

Utilities

*99%

,

43

100 %

series

Portland

General

s.

43

126 %

preferred

Preferred

General

28

73

General

43

-No par

Railway Signal com
8% preferred
Gen Realty ft Utilities

5% May
24% Jan

1

101%

.

Dec

Feb

14%

106% 106% *

17%

'■

'

:

STOCK

17

48 Ye

143/4

100

87

28

143/a

16%
.

106%

-100

27%

19% Nov

16 V4

700

7%

♦7%

4Va

♦21V4

16

*24%

6%
*'•

No par

Gen

5% Jun

98 %

14%
106%

4Va

4%
23

16

*21%

♦67%

i

■'■1
"

NO par

preferred
conv preferred

Gen

Jan

9%

.No par

Gen Public Service

14% May
20% Jan

10
♦153

100
:

Par

17

15%

14%

106%

.

43

♦99%

EXCHANGE

2

5

43

i

100

9per share

14

29

14%
106 Va

j

—50
No par

8% %

'

51"% Jun

Feb

4Va

4Va
23

16 Va

16 Va

16

i

.

No par

2nd preferred

NEW YOBK

Highest

123% Jan

Dec

4Va
*21%

4

a

STOCKS
*

Jun

Dec

4

♦21% .23

:

.

400

*35

11 Va

1

2,900

,

.*14%

153/r

11 Va

preferred

Range Since Jan. 1

Lswest

Nov

2%

15%

10%

common——5
No par

General Electric Co—

13

9 per share

18%

153/4

10%

1.66%

General Cigar Co Inc com

7

4

97

,r

10%

15%

11

'

General Instrument Corp
General Mills common

14

125%

93%

14

15%

50

General Foods Corp .com
$3.50 preferred
L

15

m% Jan

Co

General Cable Corp.
4%
1st preferred

6

44% Jun

Highest

66

•

•10%

com

May 17:
97% Apr 14

Oct

119

7%*

*15%

General Bronze Corp

7

x6% Jun
.

Year 1948

9 per share

35 Vt
14

35'/4

14

7%

10%

Amer

Bangs for Previous
Lowest

35

*13%

7%'

400

5 Va

15 Vg

4%

7%

34%

14

73/4

15%

100

Baking
preferred

$8

44

53

108

19

11% Mar 31

Jun

,13% Dec
-

Feb

7%

35

*13%

7%

10 V2

conv

General

1

Mar

1

*34%

14

4%

5

15

.<

5

15 Va

15%

Transportation
5
$4.25 pfd series A
No par

7

18

9

Wood Industries Inc

General

79% Jan 20

28 %

40%

5

5

♦14%

2

$4.50 preferred

10% Jan 24

Nov

87% Nov

5

35

7%

'

11

24

Mar

*4%

4%
15

♦34

.

-

General American Investors com—l

8

9% Feb

t

4%
15

*

15

;

4%.

1

15

No par

:

preferred
Oaylord Container Corp

17

Jun

'

♦14%

15

*13%

*

No par

Co

Corp (The)

4%%

15% May 17:
107

14% May

9

5

5Va

5

5%

4%
♦14%

_5
—50

(The)

♦43/4

4%

4%

.

'

Jun

53% May

Jan

,,

20

'

Jun

15% Jun

45
May
26% May
18% May

Gamewell Co

1

1
.—1

com—

Gamble-Skogmo Inc com
5% conv preferred-

12

21 % Jun

9% May

Dec

16%

9% Jan 10

12% Apr
3% Jun

Jun

27%

l

(The)

Gair Co Inc (Robert)
6 % preferred

Apr 18

16%

;

Gabriel Co

6

COMMERCIAL

THE

(2764)

20

YORK

NEW
NEW

Range Since Jan. 1
Highest

Year 1948

STOCK

Monday

June 18

June 20

HIGH SALE PRICES

LOW AND

f per

Thursday

Wednesday

Tuesday
June 21

$ per share

J per share

Par

Monday, June 27, 1949

RECORD

Saturday

STOCK

I per share

S per share

t per share

YORK

EXCHANGE

'

Lowest

Highest

t per share

CHRONICLE

FINANCIAL

STOCKS

Range for Previous
Lowest

&

Sales for

the Week

i per

I per share

$ per share

share

Friday
June 24

June 23

June 22

'

Shares

share

H
31

Nov

12%
'

35%

Feb

15%

,

12%

Oct

22 y4

Dec

Sep
16y4 May

Dec

xl4% May

79

Mar

89

Jan

Xl01%

Feb

107

Jun

21%

Feb

27%

Jun

146% July
20% Dec

150%

Jan

'

4%
!

69

34 y4 May
'

Dec

8

Jan

4

Jan

12

33% Mar 30

Hackensack

19% Jan

Halliburton

Oil

14% May 19

3

4

13

Mar 29

24

81

Jan

104% Apr

4

106% Feb

2

18% Jun

20

23% Jan

13

142

149

20% Jan

20

Jun

6% Jun

14

Jun

5% Jun

7

29%

Schaffner

9% Jan

7

22% Mar 14

Jan

19% Feb

3

20% Jan

13

23% Feb

4

84

Jan

17

92

Jun

30

36

Mar 30

Dec

42

96%

Jan

103

Nov

Jan

May
24% NOV

Jan

3

98% Jan

j4

23 % Jan

4

100%

Mar

Jun

Dec

35%

Oct

34% Jan

6

39

13 %

Dec

22'/4 May

13 % Jan

4

Dec

57V4

18

120%

Dec

128 »/2

Feb

25%

Oct

30%

Apr

Mar

17

Nov

123% July
27% Jan

17'/a

Nov

78

Oct

28% May
86% Jun

9

Dec

14%

27

5
15

Hershey Chocolate com
$4 conv preferences

21% Jan

26

Hewitt-Robins

s.

14% Jun

14

14% Jun

3

29% May

20

16% May

9

15%

Feb

30%

25

Dec

Hollander

22% Jan

21

Dec

38

27% Apr

4

Jun

x24

Apr

29

29

Deo

100

Jun

1

108

Mar

3

•

13

Jan

30
13

12% Mar 30
33% May 20

Jan

30

Feb

11

28% Jan

6

32% Apr

Jun

86% Jan

6

49

Oct

42% Jun

20
17

14

Dec

23

33

Jan

Jun

47

29% Feb

7

8% Jan

5

8% Jun

3

11% Mar

*33% Jun

7

47% Jan

14% Jan

Hudson Motor Car—X——

28

11% Jan

Hunt

1% May 23

2% Jan

8%

Sep

14% May

34%

Jan

50

12%

Dec

22% Jun

9

10 Y»

Dec

19

8% Feb

Dec

12 y4

Sep

Apr

5
t

May

14% Jun

10% Jun

6

14

'

1
5

common.ilOO

Foods

Hupp

'

:

20%

*20%

,

20%

20%

24%

24%

24%
103%

31

30%

30%

10

12%

10%

34

6%
9%

42%

42%'

42%

•

42%

U

%,

•

.

35%

13%

13%

13%

*13%

14%

*33

34

33%

33%

33%

6

6

6%

6%

6%

9V8

*9

9%

*9

10

•

36

35%

36

36%

10%
9%

10%

10%

10%

9%

9%

9%

*

•

9%

1%

1%

1%

1%

1%

u%

1%

*1%

1%

10%

*10%

10%

10%

10%

*10%

10%

10%

10%

Lowest

i'

t per share

Range Since Jan. 1

Highest

%LE

STOCK8

Year 1948

Lowest

t

$ per share

NEW

,

Highest

t per share

YORK

STOCK

Saturday
^

EXCHANGE

PRICES

.

.

4,300

5,8U0
1,300

*

*

'

Friday

Sales for

June 24

'»

June 23

June 22

the Week
Shares

tper share

Sper share

Sper share

1,200

{'-•600

-

Thursday

Wednesday
■

I per share

J per share

S per share

Par

June 21

June 20

June 1.8

$ per share

Tuesday

Monday

600

,

10%

9%

9%

*

Range for Previous

,

700

f," 1,700

37

10%

9%

..

800

!•:•'■

t.

36%

11

9%

'.

«

36%

10%

'

7,900

Sr.:

6%

9%

25,0(0
V

y

•

33 %

13 Va

io%

:

i'3,400

%

34%

%
35

i%

No par

11,100
Lyyeo

32%
91

35%
'■

400

*32
*89

42%

1,800

I;

31

32%

34%
*

31

31

ioy8

89%

%

34%

9%

■'

32

34%

35%

'Tit'

89%
u

10

400

180

99

32

34%

*9

S

25%
103 %

90

32

*88%
%

9%

800

2: 4,100

40

v

*0%

10

9%

42 %

*6

800

: >

i 25

25%
*98

99

%

*33 %

39%

102 %

103%

32

6

"

h.

17

*24%

,

24%

103%

42%

33%

17

40/

700

9%

*9

9%

<

—1

Refrigerator Co

21

103 %

31

12%

900

8%

200

39%

%

13

400

r.*

500

24%

90

34%

84

12

9%

*98

290

1,700

13%

24%

99

700

l-

16

16%

*8%

17

42%

34%

31

116

*15%

12

24%

*98

3,200

13%

17

%

.

31
116

8%

39%

39%

90

14
42

12

17

*24

10 %

31%

*9

<

V

'

r"

13%

*9

9%

*9

17

99

*88%

35

100

6.66%

I

...

6

<

12.50

Inc

Corp

Hussman

•'

preferred

non-cum

13%

25

'» *30%

*11%

13%

20%

103%

«,

8%

12

11 %

42%

%

-12%
I 32%

>

Co

Hudson fit Manhattan
5 9c

Jan

Corp

10

*83

8%

8%
•

9%

*98

31

*13%

21

*24%

89

33%

Hudson Bay Min & Sm Ltd—No par

Feb 26

4% Jun

*83

8%

*102%

31

42%

t c—__25

13

Dec

Stores

84

*9'

31%

*■

.

Howe Sound

Jun

15

84

17

89

No'par

20

14

*83

17

31%

"when issued"-.v

84

20 %

10%

^>,*30%

i

.-—100

Houston Oil of Texas

15%

16

13%

24

*9%

i._No'par

_

Rights

*15%

16

12

99

*98

>

;

50

com—

46% Jan

32% Jun

Nov

37% May 17

,'/■

par

preferred
Light & Power—

Houston

16

15%

16

39%

Howard

Sep

8%

4

% Jun

15%

24%

preferred-

conw

3%%

15%

39%

20

12% Jun

3%

2

$2.25

16%

24%

No par

Household Finamce

*15%

125%

*125

30

700

27%

125%

*125

115%

8%

103%

41%

125%
30%

24%

24

*125

'

3 go

36%
99 %

38%

*13%

14

41%

30%

17

*102%

41%

115%

39%

No par

*38

38

*13%

42

40 %

27%

115%

24%

A

ser

38

14

*13%
•

31

39%

Jan

Jun

.

7

48% May

pfd

99%

27

38

*35%

100%

27

115%

30

Houdallle-HerShey com!__JL_No

95% Mar 14

H

2nd

*99%

27

38

(

*13%

9 %

100%

'

—12.50

L_—

sj

*99%
27

13%

'16%

Hooker Electrochemical Co. com—5

3

Jan

38%

Mining

May

Apr
9% Jun

94%

*

—__10

2,50J
•«*

36%

*35

36

*35

*11%

*9

2,000

"

22

20%

20%

5%

21%
93

15%

15%

8%

5%
21%

*21%

12

*13

5

700

7%

7

7

5%
21%

*91%

31

*83

84

5%
20%

22

116

15%

15%

15%
*83

*6%

5%
21

93

116

15%

5

s

preferred—_

conv

Homestake

$4.50

46 %

Feb

CLOSED

1

1

Co

(Ay) & Sons—

$4.25 preferred

% Jun

20%

Furnace

Mar 28

99

34%
.

59c

1

41% Apr

24% Mar 10

34% Jan

35%

Nov

Oct

17

Oct

18% Jun

E)_;

Holly Sugar Corp

16% Jun

Feb

103

(Charles

Holland
18

1,500

*91%

31

15%

EXCHANGE

8%

10% Jan

300

4%

121 %

125%

*125

31

116%

*11 %

24% Jan

21%

22

41%'

40%

125%

31

116%

5

Co

1.9c0

64

93

38

*13

*125

100

Hilton Hotels Corp—*_
Hires

4%
*62

*91%

14

38
14

Hinde & Dauch Paper Co (new)—10

May
May

16

96

81

3

1

*21%

4%
64

*21%

36

'37%

41%

STOCK

5

Heyden Chemical Corp„
3 % 9c preferred ser A

10

19 %
145

*142

22%

4%
*62

7%

5%

27

27

41

No par "

Inc

27

*13

-100

_

May 26

Jun

30 4

Dec

29.%

15

15

42%

Dec

27

16

12% Jan

7

84% May
9% Jan

8% May 20

25%

fi

21%' Jan

14

79% Jan

preferred

19%

19%
145

22%

4%

21

100%

♦99%

100%

*37%

—No par

5%

105%

92

*35

35

-

27

25

u—.

common

105%

22

92

*99%

No par
No par

Jan

Feb

Nov

35

25

32% Apr
122

14

Dec

24%

*21%

92

127% Jan

1

113% Jun

9%

99

22%

*91

1

21.%

29% Nov

Motors

Hercules Powder

11%
77

'*75

*"

*21 %

15

26% Mar

Dec

Jun

Hercules

*142

64

*6%

5%
21 %

Jun

40

4

*11%

11%

105%

70J

'

5%

20%

—10

preferred

non-cum

*19%

23

4%

7%

*7

7% '

5%

122% Feb

Jan

Jaii

19c

*22

20%

100

_i.

common

*32

33

76%

*75

19%

*62

64

5%

15 • Apr
46% Jan

11% Jun

12%

preferred

(G W)

*11%
*104%

145

4%

4%
*62

20%

100

i

12

76%
105 %

19V8

23

*7

1

Co common™;.

(H J)

3.65%

13

34%

Apr

Heinz
Helme

*22

4%
64

2

preferred

3%%

*31 %

4

5

Co

2,400

13

*142

15

Glass

17%

13

*104%

145

♦4%

17

12%

19%

19

♦61%

16%

12%

*75

76%
105%

*142

22%

1

100

common

300

16%

13

*11%

12

*11%

19

22

—10

Marx

Hecht Co common

1

28% Mar 30

41%

114

Hazel-Atlas

21

22%

&

of America
preferred __5
Hayes Industries Inc
Hayes Mfg Corp—
Corp

4%%

33%

16%

*12%

145

18%
*142

1100

32%

16%

16%

*104%

105%

*31%

32

13

*75

76%

♦75

com__No par

Refrac

Hart

27 y4 July
91
Jun

26%

Oct
Jan

(M A)
Harbi6on-Walk

.

16%
*12%

12

*104%

com-

32

16%
13

♦11%

—100
Co $4.25 pfd__No par

Hanna

32%

♦12%

5
No par

Hat

8% Mar 14

11%
11%

Printing Co

14

67% Mar 21

Feb
Mar

16%

preferred--

conv

19

5

Feb

18

32%

preferred

Jan

6%

4%

4

5% Jan

3

4% Jan
61

(W F)

Well

Hamilton Watch Co

6%

Feb

24% Jan

May 12

6%

20%

Hall

6

1

X20

7

Jan

11% Mar
73

25

Cementing—5

Water

7

Jan.

16% Jun

Jun

79

Dec

31

I
30% Apr

i

35%

Jun

7

Jan

7

Idaho

42% July

22% Feb

24

30% Jan

7

Illinois Central RR Co

Fab

90

July

73

Jun

13

84

Jan

7'

6%

95

Sep

97% May
37% July

96

Jan

4

96

Jan

4

Leased

20

Jun

13

28% Jan

21

30

25% Jan

4

51% Jun

r

31% Jun

27 % Mar

62%

24

24%

Jan
26% Aug

r

May

1

"~9%

Feb

12%

Jun

7% Jun

15

20 y2

Nov

25 %

Jun

21% Jan

4

f ' 7%

Nov

15%

Jan

4

Jun

35

31 % May 14
52 % Jun

10% Jan

7

3

8% Jan

10

41% Jan

7

38VB

Dec

56

Jun

33% Mar

4

58 y2

v

Nov

76%

Jun

55

Jun

7

67

Jun

155

Jan

11

165

Nov

30

150

Feb

34% Mar
4

15%

Feb

6%

Feb

160

47%

Mar 30

non-cum

pfd

conv

lines

—100

32%

25%

32%
25%

32%
25%

77

*94

77

*72

77

*72

*94

98

*94

98

*94

8,500

77

98

*73%

98

32%
25%

32%

25%

98
'

20%

21%

21%

21%

21%

21

l,b„0

28%

28%

28%

28%

28%

21%
28%

21

28%

28%

28%

9,200

52

51%

51%

52

52

51%

51%

51%

515/8

Illinois Terminal RR

Co

—_5

8

Inspiration Consol Copper

8% Feb

16

Insuranshares Ctfs

Interchemlcal

6 9c

20"

preferred

*8

8%
24 %

5%

5%

37%

37%
59%

59%

59%

165

*157

6

6

37 %

37

21%

24

24

24

100

Steel Co

21%

8%

8%

Indianapolis Power & Light—No par
Industria Electrica De Mex, S A
Industrial Rayon
1
Ingersoll-Rand common
No par

18% Jan

26

^

32 %

24%
*72

52

14

15% Jan

25%

28%

Inland

30

*94

50

—

3

12% Apr
86% Jan

32%

-1000

series

8

23 % May
103
Jan

31%
25

No par

ctfs

preferred

25

3

*71
.

-

25%
76

A

stock

RR

4.70%

Jan

Jan

32%

32

24%

ser A.lIOO

49o

Apr

11% Jun

■

20

common.100

41% Jan

May 31

21% May
8% May

8

Co

Illinois Power Co common

7

26

Power

*157

59%
165

8%

8%

8%

8%

8%

24%

24%

24%

24%

24%

*5%

6%

6

6

6

*59%

37

38

38%

38%

59%

60

59%

*156

*156

160

32%

32%

33%

32%

33

33%

11%

12

12%

12%

12

12

12

33%

33%

_20

12

Inc

I

8 %

*8

8%

1—5

*13

13%

*13

13%

i.

100

*89

90

*89

90

Rubber.

No par

1

1

8%

:

60

165

*157

1.5f 0
500

37%

31%

*12

\*8%

300

,

6

60

37

No par

____

800
'

24%

*8

2,400
1,200

160

33%

3,600

12%

1,500

8%

200

8%

*8%

8%

*13

13%

13%

12%

*13

13%

*89

90

90

*89

90

*8%

1

13

Dec

86

Dec

1%

11%

4

-

Dec

Feb

125%

Feb

26%

Dec

-

160

Oct

3% May
16% May

1

11

93% Apr

Jun

8

2% Jan

8

Intercontinental

13% Jan

7

Interlake

9% Jun

16

Dec

Xl45% Jan

5

x34% Jun

22% Jun

1

156

174%

Jun

'

164% Jan

3

5% Feb

24

5%

Nov

9 Ve

Jun

23%

Feb

38%

Jun

24

71

Dec

93

Jun

Jun

166% May 19
7
28% Jan

175% Jun

15

7% Jan

24

14

29

8

73% Jan

17

3% Mar

5 %

May

3% Feb

26

4% Jan

10

34%

Oct

25% Jun

14

31% Jan

7

135

Jan

139% July

42% Mar

64%

86

99

July

14

May

Feb

5%

Dec

jun

137

May

4%%

Int'l

4

41%

Jun

13

94

Jan

5

5% Jun

13

Harvester

7%

Int'l

Minerals

49c

Chemical

&

preferred

International

Feb

8

Preferred

53% Jan

7

Canada

99

Mar 26

7% Feb

8

•

__-1

Jan

57

Jun

17

71

Feb

9

Jun

50

Jun

20

61

Feb

17

International

39%

Nov

45

Jan

41

Jan

5

44

Jan

27

International

38% Jun

14

57% Jan

13

International Silver

23

35

Mar

31% Jun

8% Nov

16%

Jun

7% Jan

13

11% Apr

8%

16%

Jun

7% Jun

14

11% Apr

17"

21% May 17 *

Nov

34

Jan 27 4

4 *

11

17% Mar

26% May

18% Feb

22% Mar

35% Jun
39% May

24

Jan

3

29

Feb

1

24

Jun

14

32

Jan

21*

29

Nov

137% Jan

145

May

138

Jun

13

148

Feb

2

7%

Foreign
Interstate

5%

*24%

*74

78

*173%
6

5%

5%

25%

23%

26

77

77

*25
*74

9%

.

*151

24%

24%

173"%

174%

10

2,700

153

1,000

24%

12,300
V

173%

920

6%

6%

1,800

25%

6%
26

25%

700

77%

80%

200

77%

4%

4%

*4%

4%

*4%

4%

4%

26%

26%

26%

26%

26%

26%

139 %

138%

138 %

*138%

139%

43%

45%

2,200

4%

26%

*138%

STOCK

1,000

EXCHANGE
CLOSED

95%

*95

*5%

45

95%

95

-

5%

5%

5%

138%

139

139

45%

44%

95 %

5%

*95

*5%

44%
95%
5%

139

45%

44%

95%

-100

45

95

95

57

57

*57

51%

50

*48

50

42

42

42

42%

42%

41%

40%

42

5%

57%

57%

50

7,100
500

*

55/8

5%

57

57

57

57

45%

10,400

'

59%

*48

•/'•

600
'

3eo
'

50

ioo

52%

*49

41%

41%

*41%

25

*40%

41 %

41%

41%

*41%

_i_25
Telep & Teleg—No par

<*31%

32%

*31%

32%

*31%

32%

31%

313/4

31%

f*.V' 200

8%

7%

8%

7%

8%

8

'8%

>20.100

8

8

8

8

8

8 %

par
—No par

Shoe

common

share

*49

8

ctfs——No par

Dept Stores_i.__Li.Ncr par

Intertype Corp

preferred!

,

I

i

'

,

8%

<r-

8%

8

8%

8%

8%

19%

xl9%

19%

19%

20

♦24%

25%

24

24

25

x24

24

*24

♦139

143

♦139

',

i

*24% > 25%

...

*139

/143 r

"

42%
*40

42%

7

■

1,400

41%

500

;

31%
'

•7' *19%

l_No par

Island Creek Coal common—_L50c

$6

*5%

78

174%

173

151

26%

preferred—

International

23%

10

151

23%

100

1%

4%

,

65% July

173

xlO

150

1%

1%

26%

4%

1—_i_Nb

Salt.

24%

1%

10%

10%
149 %

25%

5%

26

Int'l Rys of Cent Amer com..No par
5 9o preferred
100

64

Mar

loo

;

Paper Co com
15
$4 preferred
_v_No par

173

25

*74

1

-

corn—No par

International

143

Dec

30

Corp

10

*89

1%

1%

150

23%

174%

5%

loo

-

Mining

Int'l Nickel of

148%

24%

24%

1%

10

10

174

com___5

1%

148%

23%

preferred—
Int'l Hydro-Electric Sys class A—25

Jan
Mar

9%
148%

No par
100

common..

52 y2

43

No par
No par

•,

Machine

65

107%

common

Iron

Business

Int'l

81% Mar 11

Jan

24% Mar

!

Corp
preferred..

19%

19%

25
>

*24 %

25

*24%.

245/8

19%

143

*139

143

1,100

19%

1,000

..*24%

25

V

.*24

25

'f200

*139

143

25
-

200

.

rk>

-

■

w

10

2% Jun

13

23%

Jun

11% Jun

92%

Jan

81

48

May

44

99 '

May

May

42% Jun

113% Jun
35

Oct

5% Jan

8

14

18% Jab

24

Jan

3

86 % Jun

7

Jan

24

96% Jan

17

30 % Jun

3

6

40% Jan

7

Jun

6

110% Feb

23

Jun

13.

May

102

Feb

Jun

155

May 23

Oct

24

30

106

39%

Jurt

101

158

93% Apr
43% Jun

52% Jun
102

15

36

Jan

7

104% Apr

9

160

Jacobs

(F L)

Co

i

,

3

—No par

r>n%

12%

Jersey Cent Pwr & IA 4%

pfd.,,100

->84%

86%

Jewfel Tea Co Inc com

—No par

3% 9o

preferred
l—.100
Johns; Manville Corp com
L_No par
3%% preferred
L
:_100
Johnson & Johnson

49c

common

" 51%
-**102
.

14

86

Jones & Laughlin Stetel com—No par
59c preferred series A
:_100

14

40% Mar 16

Joy

;

12% Jan

8

Kalamazoo Stpve & Furniture

99% Feb

9

Co

100

•.

—,-1

*51

*102

30

51%
103

51%

33 %

-

•

34%

33%

*103%

106%

*103%

31

303/4

51%
103

*102

33%,
106%/
31

*30

103%

*102%

103%

*102%

103%

*155

165

*155

165

*155

165

;

20

Manufacturing

85%

*102%

Jun

3

*ii%

12%

85%

85

3

12%

.;'
,,

2%

>11%
83

35

52

52

102

102

33%
104

*30%

34%
104

31%

'

73% Jun

Jan

*11%

86%

51%
34

-

; ,S' 30

31% Jun

21

*2%

3

12%

103 %

,'i -104% 104%

1,2 %

Apr 26
33% Jan
7

Chicago RR stamped

*2%

12%
86%.

:

3

12%
86

r

'

2nd preferred series A_l__ 100

Joliet &

3

3

Jaeger Machine Co__L__

.

21%
-

22%

22 %

73%

.,

74

74

32%

32%

22%
'

74

22%

•22%

*73%

33%

33 %

00 K- .00

9%

*8%-

98%

98%

32%

74

33%

102%
*155

22%
*73%

32%

a

62

*102

y 33%
103 %

*30%

52%
103

34%
104

31

102%

*102%

103%

165

*155

165

223/8

22%
73%

73%

33%

32%

33%

i

22%

74

5,700
160

..

4,300

K
11% Dec
r

■

21

May

"

9

May 10

Kansas

Xft9
f

f

Nov

•8% Dec
U% Feb
48% Mar

18% Dec

08

<

May

101%

Dec

48%

Oct

60%

Jun

18

May

94% Jan

100% Feb
X34% Feb
52

Jan

12
11
24

3

103% Jun 13
43% Apr 12
57

Jun

23

3.80%

4%
4%

preferred

—100

♦103

103%

City Southern com—No par

38

preferred

preferred
(Julius) & Co

10% Jun

1

14% Jan

7

Kayser

26% July

17% Jun

23

21% Jan

8

18% Dec

Kelsey Hayes Wheel

22% July

Xl3% Jun

13

17% Jan

7

see page

26..




9y8
98%

non-cum

Class

*8%
'*98

Mm Feb

For footnotes

1

.100

cum

Kansas

10

«

9%

•9%

9%

9%

200

9%

City Power & Lt Co—

B

conv

^100
__5

♦53%

98%

98%
*103

*103

103%

39

39

39%

56

*54

55

*54

*11

11%

*11

38%

■

*98

98%

"98

40

98%

103%

103%

103%

103%

38%

38%

38%

38%

56

55%

57

*56

57»

11%

•11

11%

17%
14%

18

18%

14%

14%

30

11

11

class A_l

17%

17%

17%

18

17%

17%

17%

l

*13%

13%

13%

13%

13%

13%

14

11%

*11

103%

2,900

39

300

"•■"400

1,200
.

1,500

•

Volume 169

Number 4815

THE

COMMERCIAL & FINANCIAL
CHRONICLE

NEW

YORK

STOCK

RECORD

Saturday

Monday

(2765)

Range (or Previous
Year 1948

j,

Lowest

Highest

S per share
42 y4

Feb

40 Vb

NOV

51

12%

Dec

16%

19

Feb

92

Oct

11%

Feb

63

Lowest

$ per share

60%

40

Apr

39

Oct

•

11%

75

*

;

46% Jan

>

13% Jan

15
14

100

14

14

62

Mar 18

Dec

37%

Oct

25% Jun

20

89

Nov

x90% Jun

"9

Feb

95% July
39% Jun

Feb
Nov

58% July
49
Oct

32

.

40%

4%

Feb

4%

<

12

24

9% Mar
42

25% Aug
35

Mar

21%

"

90

Dec

10

Feb

99

,1%

Jan

5"%

.

Dec

Feb

\

/May

Dec

56%

Mar

Oct
Nov

15%

44% Jan
6% Jun

14

34% Jun

i4

Feb
jun

,170
'

; 33

i

14

Jun

14

'13% Jun; 14

Jun

65 % Jun

14

78

Jan

27

Corp

13%/Jan
14 Vb
57%

24% .Jun

-

Dec
Feb

xl8

23

:

158

Nov

37

May

17

6

3

Nov

t

Jan

23

4

Corp—!

7%

•

LJly Tulip Cup Corp_.i_—No
Lima-H»milton Corp
u——
Link Belt; Co
u——j....No
Lion ;Oil

Co

Jun

5

41% Jan

Louisville

11

13

Year 1948

Lowest

'

>

$ per share

;

t pen share

6'A

5,500

92

50

39%

39%

393/4

393%

54%

55

3,400

55'%

56'A

56'%

56»%

50'A

1,700

50%

50'%

50

50'A

2,300

6%

4,700

*493%

6'A

6%

5 y*:

EXCHANGE

*37'%

CLOSED

45%

44%

44%

21

21

*37%

"

16 3A

7

i

x

36

4

4

1%

1%

*4%
443%

*35»A

36

*3%

4

>

1%

'*4%

23%

47%

47%

9%

235A

24

48

*

48% '

6%

7

6%

34%

35

34%

79 %

80

9y4

*33%

35%

36

7 V8

7'A

63/4

35%

353/4

36

*353/4

80%

'*36

r

9 % Jun

„

Dec

40

Jan

129

Oct

142

Feb

13%

Dec

30% Mar

27%
"

94%

Nov,

xl6%

7%

53

53%

53

20 %-

20%

20%

14

14%'

133/4

14%

.♦63%

67%

95% Jan

6

9 % Jun

14

24% May
,21

Dec

6 %

Dec

13%

Dec

92%

Dec

Jun

13

•"

'

17%'

16%

•18% -17

17 »A

—

61

61

16%'

17 -

213/4

18%"
17%.

16%

21%

'

61

,

,81

"

-

♦157
c

:

16%

1583A

27%, 27%
32%

Jun

7

22

20

Jan

10

19% Jan
500

3

„

156

96

'

-

,

323/2

2PA

June 21

4%%
Magma

Magnavox

Jan

15% Jun

8% Jan 12
18
Mar
7

14

6% Feb

10

17% Jun

Sep

10% Apr
21% Jan

13

6% Jan

13

May

8

16% Mar 18
19% Apr 29

29% May
103 % Jun
.

95% Jan

29
10

May 14

17% Jan
24

20

Jan,

7

5

22%

103% Feb

Apr

14

Jan

11

69% July

12
Apr
13% Jan

12

10% Feb

18

39% Jun

Dec

13

57% Jan

27% May

7

11% Jun

13

Feb

45

Oct

176

Jan

47%

Apr

38

93

Jun

84

Feb

93

Jun

85

Jan

80

110

'

Apr

21

Dec

25

Feb

88

Jan

29

Nov

23% Mar

41

Dec

29%

Dec

87

Jan

18%

Feb

89

12% May
43% Jan
112

30

Mandel

L

4

11
23
15

May 25
Jan

7

42

2

42

94% Mar 22
93% Mar 29

35% Jan
112

25

Jan

4

May 17

83% May 25
9% Jan
7

5

90

Jan

Feb

Marshall

41% Jan

3
4

$3

97% Mar

Apr

9

21

55% May 14
34% Mar 10
97

Jan

19

Co

8

$6

1st

—6.25

17% Mar 11

com_L—No par

203/4

100

*98%

70 % May 25

46% May

28% Jun

13

Dec

25"

Jun

11%

20'% Jan

Dec

3

47

19% May

7% Jun

14

Dec

62% May

12%

Jan

8%

Nov

.18% Jun
50% May

36

Nov

101% Nov

34

Jan

13

22% Apr
13% Jan

28

Melville

Shoe

Mengel

Co

14

49

Jan

14

15

May 19

Jun

90

Apr 28
*

Jan

8% Jan

22

20

31% Jun

2

2nd

5%

No par
com.

—LI
_100
;

&

Merck

Jun

7

$3.50

6

$4

104% May
106% Dec

30% Jun

97% Jan
106% Jan

20

3
3

23% Jan
38 % Jan

102

20,
26

Mar 14

110% Feb

24

1st

Co

Inc

2nd

Mesta

Machine

8% Jun

14

14% Jan

8

Miami

37% Jun

14

47 y8 Jan

7

Mid-Continent

18% Jun

14

Dec

140

Jun

128

Jun

24

23
May
139% Mar

16

May

11

Feb

23

12% Jan

14

July

9% Mar

7% Jun

42%

Nov

56%

87

Nov

98

May

87

54% Mar

78

May

66% Jun

98%

Apr

Oct

105%

Jun

10% Mar

18%

July

43% Feb

104

Mar

15

10
7

12

Jan

4
3

25
12

52
May 5
94% May 10

10

77
106

Mar 11

Jan

4

10 % Jun

13

May 12
14% Jan 15

67% Jun

15

80

16% Jun
For footnotes see
page 26.




16

19

Feb

25

Mar 31

Co

16%

220

22%

223%

100

*98'%

'

8

22%

2,800

11%

113/4

*11 »/4

113A

1,000

40

40%

8'A

40%

41

41

12

12

12

12

113/4

35

35»A

35

35

*173

176

*173

176

40%

92%

*173

40i%

91%

393/4

91%

*91

*80'A
7»A

111%

*110%

111%

2P/4

213A

*21'%

EXCHANGE

31%

32

CLOSED

*92%

94'A

*92'%

31%

32%

33

35

*28

29

32

40

40

92%

*92

92

82

*80'A

7'A

*30'/b
110

31

22

32 'A

*92'%

943/4

*110

t

40

3,900

*92

93

120

92

.

*80'A

7'A

*30'/a

110 3/b

22

32

7'A

7'A

*7%
L* 30'A

30%
111%

111%

22

22

*22

32 3/4

32 'A

*313A

*92'%

94 «/4

*92:

94

35

34%

29

*28'%

49%

51

50%

50%

50%

51

*51'%

313A

32

32'%

32%

32'A

32'A

35

33%

29'A

29

52

Middle

8%

Steel

1st

513A

1,100

33

1,200

97

*933/4

97

St

3.20%
$4

P

&

SS

conv

Min

20 3A

203A

13'A

13 »/4

13'/b

13 '/a

13

13'%

13'%

133%

13%

*1-3'%

14%

14

14

72

72

&

1st
2nd

21%

30

21%

73A
*37

*28 34
21 »A

7%
39

72

13%

14'A

7%

7%

29%

28 3A

*28 3/4

213%

21'%

21%

21'A

7%

73

7%

73A

14%

29%

30

7%
30

7%
30

193/2

19%

30%

100'/2

i.100
5

—10

com

new—x—5

;-T-100
No par
No par

Mfg common

3

100
No par
No par

Co

common*

preferred
preferred

1
100
25

♦107

a9%
39

14%
*18%
129

11%
7%

*93

30%

31 »/4

*100

101

*19

31»/4
100

1071/2

107%

107%

*1073/2

9%

9'/a

9%

*9'/a

39%

39%

39%
14%

14%
19%

14%
*19

!

193/2

129%

*129%

130 >/2

11 I/b

11'A

11%

8'A

*7%

8'A

39

14%
19'/4
129

11%
*73/2

20

313/4

*7%
30%
*95
106 »/2

*19

31%

100

*100

108

108

9'A

9%

39%

39 3/4

143A
19'A
129

11%
73A

143A
19%
*128

11%
7%

21%

73/4
39

19%

30'/a

7®/b
*37

<

600

30

*14

193A

lOO'/a

*28 3/4

21%

i4y8.

Scott—_No par

pfd_100

30

1,100
1,300

733/4

39

96%

5

♦72'A

*37

8

20 3A

73

*13%

106 >/4

96%

73

14'A

*7%

29%

*92

39

13%

*93

"

*71'A
28 3%

30

73/4
*37

.97

96'/a

Regul com
pfd series A

conv

*28 3A

1

*93

106'A

preferred

$1.50

203%

13'A

97

96'/a

Marie

Minneapolis-Moline
$5.50

20'%

13»A

13

Minn-Honeywell
Minn

20'A

13'A

106%

Mlnneap & St Louis Ry„
Minn

20'/b

;

Prod

200

513A

*32'%

20 »/b

*93

106'A

preferred——

2,400

32%

32%

13'%

South Utilities Inc—.No par

Midland

400

34

13»A

*71

:

400

29

*

1061/2

Petroleum

20

22%
32'A

*1061/4

Copper

700

30'%

*110

94'A

*28

60

82

32'A

34%

500

5,100

92

82

7'A

22

*39%

93

"91'%

*80'A

30'%

*110i/b

176

92

7'A

*30'/a

40'%

92

82

71/4

*173

*91'%

92

82

176

No par
No par

Co

2,100

IP/4

35%

20

common..'....'.50c

&

30

8%

95

5ur

—u__i

3,400

100

81%

13'A

Inc.——3%
Co
No par

Metropolitan Edison 3.90%
4.35% preferred series

19% May

Nov

16®%

353/4

40'A

29

16%

12%

30%

*28

4,900

353/4

7'A

STOCK

500

7'A

35'A

*30%

—100

preferred.

Merritt-Chapman

69% May

11

•

1,800

18

7%

*113A

92 3/4

*80'A

No par

preferred

preferred

conv

Feb

128

113A

8%

*173/4

7'A

20

1

Transp

Feb

14% May 31

113/4

401/4

8

18

22

*98'%

1,300

7%
16%

*91

."—10

;

common

Stores

13

6

8%

8 3/b

26,400

7

•

1

1

Corp

38%

14% Jun

1

(2nd series).—J—50

Min

&

96% Jun

107% Jun

14

Co

(The)

conv

Merch

3

18 % Jun

pfd

Mercantile

105% May 25
Jun

39%
92

No par

.+

Norris Mfg Co
Corp common—
:
4%% pfd (1st series)

4%

Jun

7% Mar 21

12

35%
176

*911/2

No par

preference

McLellan-Stores

12

8

41'A

12

5

21 Vb

98'%

8'/a

12

*11%

35

Publishing
No par
Porcupine Mines—
5

Jan

12% Jun

27

92

82

11%

41'A

213/4

98'%

100

8%

11%

21%

41'A

*98%

8'A

40 3/4

x__N6 par

x

21%

7

*7'/b
*153%

8%

16%

21 !

7%

16 3%

e'A

18

2,500

430

73%

163A

Mead

15

8%

173/4

100
600

11

5

*395

7

7

*151%

*163/b

McQuay

17'/a Jap

30

8%

,

1,600

9%

par

16
13

% Mar

8 3/4

7

7'A
163%

r

81/8
430

163A

McKesson & Robbins Inc
com—*—18
$4 preferred
No

Jun

22

7%

;

*395

*18%

McGraw-Hill

Mclntyre

10%

163A

common....!

Corp

10%

*7

18

9,700

100

103/b

7

18

281/2
*99

*9»/2

8

*153%

10%
28%

103/a

28%
9%

7

*8%

100

300

9%

>7%

7%

103/4
33
136

11

11

16%

*93/4

10

*161/2

♦173

Shares

*32

IO1/4

100

1

Salea for
the Week

*133

100

*17'%
73%

No par

50

900

Friday

103/B

10

7%

Corp

16%

June 24

32%

28%

7%

par

97

'4 per share

136

7»A

3%% conv preferred
McGraw Electric Co

Jun

44%

9%

7

*7

8'A

*9%

*99

430

*15%

100

80

22%

*95%

*15s/a

'

16%

32%

28

*390

*6%

71/2

8

161

22%

,.

97

*133

7%

..—100

Stores

22%

June 23

7%

par

*159
*

Thursday

173/4

common

cum

.I5%

5,500

900

7 3/8

pfd

22%

,

8 per share

100

430

16%
-

21%

1,200
2,700

2,400
2,500

173/4

Co..L—_—?__1

Corp

7

*7%

—

L)

preferred

13

Dec

8

*390

*15%

prior

Chemical

Co

McCrory

34

30% Jan

Maytag

xl3

35%

'8
430

6%

par'

Jan

27%

7%

*390

$3.75 preferred
No par
$3.75 cum pfd 1947 series—NO
par
$3.40 cum pfd—x—
i
No

17

36% Mar 30

&

May Dept Stores

Jun

Feb

11'A
8%

5

preferred

33% Feb

14

92% May 3
19% Feb 11

7%

McCall

24

Feb

Field

Mathieson

24%

17%

10%

Corp.xL—„5

6%

preferred

10

24

Jup

95%

11%

*

700

16 'A

27'A

lO%

27%
100

9%

1

—

Ry

(Glenn

24%

Nov

*9 3/b

136

10 *

28%
lOO'/a

9%

1

L

Martin-Parry Corp LLx
—No
Masonite Corp
*
No
Master Electric Co.——

Jan

29% Jun

May
52% May
35% May

4% %
Martin

23% May
96% Jun

85%

*133

10'A

28%
*99

-*11 »/4

50

1

Exploration^
Corp

St

Dec

20 Vb

'

10

28%
1003/a

——-No par
Shirt

Midland

11

Mar 31

Co..>

Market

Dec
Dec

10%

136

93A

1

:

•133

"

10

Oil

Marathon

15

80% Mar

93/4
283/8
>99

17>A

61%

32 >/4

9%

.

17
61 'A
*16 3/8

,

163A

27

32%

No par

RR ;Co_—L

Marine

15%

31 %

93A
♦313/a

——

Bros

Manhattan

173% Mar 14

19% Mar 22
30% Mar 23

Jan

31

98%

Jan

Jan

Feb

.

110

36% May
101% Jun
42%

1

7% Jun

Jan

41%

15

Jun

89

77% Aug
8% Dec
Dec

Feb

7

19% Jan

34% Mar 23
170

84 % Mar

33

(The)

Sugar

Maracaibo

14

7% Jun

19%

Feb

Nov

10%
3 2 3/b

—.100

—x—

Co

Manati

Dec

27%

*9%
*31 »/2

_No par

com

Garden

Copper

Mahoning Coal

Nov

35% Mar

Square

20

9 %

X165

Co Inc

pfd series Al

12

11%

,

Macy (R H)
Madison

17%

v.;/

10 3A

'

6,800

323%

.

323/a
136'

200

17%

27 '

$ per share

*9%
*133

1,300

67»/2

k

♦31%

5

5,700

14

'173/4

"

60%

*95%
*15%

,

163/4

5
100

1,400

21

32%

22'/4
97

10

■*.

533/2

'

323/4
223/8

June 22

$ per share

,

7,200

"26%,

'

*95%
*153/4

16%

150
100

7%

67'%

18 3/b

*158

32.%

LOW AND HIGH 8ALB PRICES
Tuesday
Wednesday

*

< per share

21%

'

22%.

June 20

•

.

323A

16%

Monday

16%

7,300

'

,
16%
60%
; i63A
21%

81%-

,

158% 159
26%
263A

;

27

96

\

16%

June 18

com

€7%

'

X27

22%.

97-

15%

I per share

av/u

32%

Satarday

Inc——x—w*

Jan

47%

-

preferred
Trucks

7% Jan

Mar 25

Jun

8

6

6

Jan

24

26

17%

6%
Mack

Forbes

14

17%

17

: 16%
*213/4

22%

'

*95%

10

22

*

323A

21%

—100

Working'Co—

&

20%

14

5

*18

;

'16%

17

21%
157

17%

'

1

14%
*

& M Wood

10

13

24

6% Feb

M

MacAndrews

26

100% Apr

23

.Jun

430

Sep

25% May

Feb

22%

Apr

10%

Feb

/ 5

Dec

525

Dec

10% Jun

3

Apr

21%

c

),000

803A

53»A

20%
13%

53
;

>63,%- 67%

.2,600

7 '/4

7%
53%

53%

20%

1,500

7

36%

%

80 %"

,*63%

53%

^

>48

174% -174%
*35 .' 38

38

7%

A

15% Jan
33% Jan

% Jun .14
27?/8 Jun -22

Jun

18% Mar
15

36% Jan
138

9

Apr

Nov

5%

10

15%

Feb

.7
15%

14% Mar '9

30

Jan

103%

9>A Feb1
490
Dec *

6%

Jun

39% May

Dec

10

6

31 % Apr

131

80%

174%

1

7%

M
x35%

79%

*1733/2
'*36

"

20%

67

2,900

7

133A

.

24 %

24

7%

67-

400

48

19%

-

400

2,600

24

133A

'

4%
9%

,*

48%

175ya
38

'

15%

*9

23%

80

900

44%

473/4
6%

*173

500

1,200

-

4%

35%

'
,

4

44 %

24«/4

'

36

7%

*15%

5

*9

6%

;

80

175%

15%
44%
9%

48%
7 -

,

35%

175

l3/4

24

:

6% -r

793/4

175%

353/4

3%
1%

48%

,

2,000

*35%

433/4

■

175%

53%

.

7

4-

*4%

:

44 3/4

9'A

800

1%

*153/4

5"

44
'

8

30%

7%
37

*14'%
*7%

29%

30
100

21%

1,400

7%

2,000

37

30

143A

900

8

300

30 Va

3,500

96 3/4

963%

96 3%

106 3/4

*106'%

1063A

300

193/4

*18 3A

193%

1,900

31

1,200

31%
1C0 3A

108

9%
40

143/4
193/4
130

11%

31
100 3/4
*108

200

100 3A

160

109

80

9'%

9%

39%

393%

1,000
3,600

14%

11,500

143/4
*19

193%

128

128'A

100

11'%

1,800

11'%
7%

,

300

73/4

700

48

48

48

48%

493A

493A

50

50

49%

50'A

913A

91%

91

1,200

91

91

91

90 3/2

90 'A

89%

190

68'A

68 y4
104%

89'%
70'%

104%

104%

104

*104

104'A

104'%

104%

90

11'A

113/4

113A

11

11%

11

11 »A

113%

12'%

673A

69

69

7,200

69'A

*68

69'/a

68 >A

68'A

68'A

69'%

430

17%

17%

17

17%

*17'/2

18

18

18%

1,300

♦104

11%

68'A

*17

70

18

693A

69%
104

70

7%

7C

70%

t

100

16%

*33/4

.*

<

90

96

*6%

353A

300

*1%

.

;

700

38%

■

16%
*95

7

*35»A

10

■

38%

17
96

67/b

13/4
15 3A

*15'A

5

10

•

38i%

*95

7

443A

93/8

"*16%

96

6%

1%
16

*15'A

5

44%

*373%

16%

*95

36

4

10

39%

16 %

96

10

!

jt

100

21

10%

*20

>

400

*44%

7

23

43/4

20%

*20%

39

16%

9

*4%

45%

*

9

6%

,

4%

20'A

*95

15'%

20i/8

20'A

'

5

20 y8

*44%

35

443A

6'A
4%

6%

5

*10

7

*15

63/4
20

*4%
20

20'%

STOCK

50

Par

28

*91 y4

44%'

1%

par

j

27%
92'A

27%

92 y4

393/4

20'%
-

10

26%

913/4

443A

17%

65

20'%
10'A

*10

38%

90

11%

65

26%

*4'A

96

91%

91%

50'%

*20

,

*10%

65 "

800

;

1,700

38%

€'%

5'A

11%

*63%

;

800

12
18

*103/4

-

/

*

9,800

543%

54

49 %

20

12

173/4
*91

^

Shares

92

38%

50

65

26'%

12
18
si 3%

11%

*63%

S per share

39'A

*91

53'A

.

*10%
'

27

20'%

5

? -pen share

113/4
66

26 3/a

33A

& 80ns Inc com—l

EXCHANGE

*64

45%

par

'

*10%

66

35

par

;
STOCK8
NEW YORK STOCK

*

-,
Range Since Jan. 1
/Lowest
Highest

,

Highest

S per share

(Ky) No
Nashyille.xAx..—_

&

.4 % % ^pfd series
Lukens Steel Co—4—1

21% Mar 30

Range for Previous

.

Gas & Eleb CO

Lpusville

11%

*6%

.—No par

LQwenstein IM)

913/2

*373%
*16%

_

,24 * Jan 24
98% May 4

*11%
173/4

*95

new——_slLLLNo par

i

18%
91'A

♦443A

Liquid Carbonic Corp com—*No
par
3%%
conv
preferred
100
!*'
■! 1
Lockheed Aircraft Corp—
J
1
Inc

18

91

38 3/2

,j

12

18'%

91'%

91

1*

LNo par

12

"

18

*90

26

50

1

12

173/4

913/a

10'%

25

5

12

39%

*20%

3

x_x.

11%

39'%

*10

Lone Star Cement KJoip-t—JNo
par
Long Bell Lumber'^(Md) A„No par
Lorillard (P) 'Co oomtnon..Ji;
10
.7% preferred
—100

20

28% May

31% May "31
20% Jun -14
'95
Jan 14
15

'Jan

39%

6%

& Myers Tobacco. comi—25
preferred \X_*—:
..—100

Loew's

23% May 16
159
Jun 22

28

23 y8 Jan
'

35% May
98 '% July
24% Jan

,

Dec

15 % Jun

153

Nov

50

Feb

91

8

,19% Jan

Jun

,25

Dec

20

30% July
21% Sep

.

Feb

22% Apr
5
,18% May 13
.67% Jan 21

3

*

Nov

).

5

14 Vb Jan
X60" Jun

68% Jun

,

Nov

18

138

*16% Feb

20% May

*39»A

*4'A

'

?

39%

20

10

(The)—,—.

Stores

Liggett

7

,66% Jan 10
23
May 9
17; Jan
7

*39%

53%
49'A

LJbbey Owens Ford Glass——No par
Libby : McNeill
& t Libby.
1
7
Life Savers
Corp_x_L„—_______5

8

10 % Jan

13

52% Jun ;17

39'A

443/4

39

38 3/b

100

par^

Lernfir

1

Apr

41

,

44%

91.

1

1st preferredx^No
par
non-Cum 2nd pfd.;
xNo

50c

•,

88% Jan 22
176% Jun 14

15

X6% Jun

23% Jan
85

12

,37% Apr

43%

$3 non-cum

•

.53% Apr 18
8% Mar 30

72% Apr;13

70% May

t

4

44%

25%

5

Lehigh Valley Coal "com——

Lehman

25

433/4

*64

50

-

Lehn &,Fink Products

Jan

j

preferred

.11% May 16
X24% Mar 30

.

V May
13% Jun

.Dec

8
12

8% Jan

43%

*10 3/4

No par

Co__J__—x
Rubber "& Tire—

;47% Jan >22

!

47

DeC

•68>/4

7

Jan"

43

17 3/B

;—_No par

—-

15

19
.

5% Jan

24% Jan

15

8% Feb

20% Feb

'.'174% Mar

;.'8% Nov
55% Mar

(The)

Lees (James) & Sons Co com'
3.85% cumulative preferred
Lehigh Coal & Navigation Co
Lehigh
Portland
Cement
Lehigh Valley RR

24

* 3"

r

433A

11%

10

common—i

21

Jun

.91

*6
10

40% Jan

4 % %

:

May 24

11% Jan

443A
39

*90

Light Co__
4
pfd—75 Pesos Mex

Bryant

Sales for
the Week

June 24

S per share

,

—No par

*41% Jun
'

10% Apr,
38% Jan

'*

Lane

Friday

June 23

$ per share

42%

6%

Co

Thursday

June 22

$ per share

39

100

Lane-Wells

22% Jan

13

4"% Jun

Gad

Consolid

Lambert

Mar 21

98

3

Jun

La

Wednesday

June 21

g per share

_No par

;

26% Jun

Nov

33

1% Jun-

Laclede

21

Lee

13

15

v

May

12

31% Mar
157

3% Jun

•

—

& Co_

Kroger Co (The)

43.

3

tper share

No par

Co_i„

(S H)

: May 18
26% Jan 19

13

,

56

•'

82

14

33% Jun

Kress

46

Jan
4
16% jun. 21
90%*Jan 20
6% Jun

26% July

Dec

'8

:7

19% Jun

10% May

16'A .Feb

43%

Jan

;

Jan

preferred

Kresge (S S)

22% May 6
11% Jan 26

37

,

Jun

'

8%

43

4%

May 17

6

.

9% jun 14

8% Jun
4% July

Jan

41%

4

i

-26

51% May 18

7

10

13% May

19% Mar

>

5

3% Jun
17 % Jan

May

39

4% Mar

1

4% Jan

,

7

Jan

-

39% May 19
56% Jun' 24

<

3

Apr

26% May

30% Mar

Jan

Mar

1

47

Dec

14

43

14% May
53% May
29% May

Oct

16

48% Feb

6% May

Dec
Dec

17

*35% Feb

98

Tuesday

June 20

.

4

31% Jan
:

SALE PRICES

June 18

County Land Co
5
Keystone Steel & Wire Co
No par
Kimberly-Clark Corp • com
'No par
4% conv 2nd Dfeferred—
100
Kinney <G R) Co common..
1
$5 prior preferred—
i._
No par
Koppers Co Inc common
10

11

May

Par

.

Kern

May 5
Apr 26

67

•

1

Kennecott Copper

7

22% Jan

Juri

10% Jun

29 Va

45 '%

7

20
25

L

*

12

Feb

90

Jan

EXCHANGE

56% Jan

Jun

*

NEW YORK STOCK

-

$ per share

6

17 % Jun

May

104% July
14% Jun

Mar

Jun

1

Highest

i

$ per share

Oct

24

,

STOCKS

Range Since Jan.

1,500

it,

THE

(2766)

COMMERCIAL

NEW

YORK

Range Since Jan. 1

Year 1»48

Leveet

Hlghsst

NEW YORK

Highest

< per thare

Feb

73%

Jun

38% Jun
7% Jun

13

9% May

5

Mission Development Co

Feb

9% July
34
July

3% Jun

13

6

7

Mo-Kan-Texas

25

Jun

6

Jun

9

Jun

25% Mar 30

13

35

7%

Jan

20

11% Jan

•

8

Corp

9% Dee

preferred

series

101% Jun

14

111% Mar 29

16

111% Jan 13

94

12% May 16
69% Mar 29
13% Apr r6

Jan

4

47% Jun

13

17% May

10% Jan

3

Nor

10

Oct

27

Jan

19% May 12

11% Jan

21%

Dee

14

20% Jan

29% May

16% Jun

6

19

29

15% Jun

14

Dee

May

Jun

25% Jan

Co

8

73/4

3%

3%

33/4

18%
26

Moore-McCormack

Morrell

(John)

Lines

19% Mar 30

Jun

11% Jun

1

17% Jan

8

Mueller

Co

Dee

13

14% Jan

7

Mulllna Mfg Corp
Munslngwear Inc

41

9% May 31

Jan

11

7

17

May 17

.

43% Jun 24

112% Mar 17

38% Feb

May
Jun

109

17

Jan

10

34

Dee

49

Jun

30% Mar 22

36

60

Dee

96%

Jan

47

61

Jan

Jun

13% Jan

14

Jun

2

6
8

is y4

26%

93/8

9%

300

*22%

23%

23%

9%
23%

23%

23%

300

23

23

103%
106

11%

11 Ve

4S%

10%

49

*11

10%

50

49%

4,700

*101%

103%

•102

103%

105%

♦105'/a

106%

•105y8

106 >/4

10%

.

100

11%

ny.

11 %

11%

11%

600

49

48%

10%

600

50

103%

105%
ll3/b

50

10%

49 Ye

*101%

11%

487/s

493/4

49

48%

48 Ye

483/4

491/4

493/8

49%

14,300

103/4

"

10%

10%

,

-*10%

11

*193/4

.

20

2,200

20

*19%

20

16%

16

16%

*16

16%

16 y4

16%

16%

16 Mi

17

17%

18%

18V4

*17%

18 y4

18

18

18

18

16 ye

16 y2

16%

16%

16%

16%

16%

16 3/4

16%

16%

*11%

12 %

*12 J/4

12%

♦i2y8

12%

12%

9%

10%

10

10

10

9%

*9%

10%

*9%

10%

10

*9%

*19%

30

15%

5

Murphy Co. (O C) common
1
4%% preferred
100
Murray Corp of America com
10
<4% preferred
50
My era (F E) A Bros
No par

May 24

112

18

*25%

*9%

*105

1

14% Oct

33% Feb
107% Jan
12% Sep

18%
26%

93/g

*101 y2

1

x9% Jun

Brass

18
26

*9>/4

48%

No par
6

10% Oct

24

Dee

13% Nor

17%

*253%

9%

103%

2

Motor Products Corp
Motor Wheel Corp

7

13,300

18%
25 y8

106

—No par

1,800
2,600
3,400

9'/a

24

48%

6

Co

A

Inc

7%
33/4

18%

*104

No par

40%

7%
3%

8%
3%

25 Ve

9ys

*101%

No par
Co—_S

Montgomery Ward A Co

Motorola

*23

No par

conv

Shares

18%

*9

5

*39

for

the Week

26

17%
*25

com

pfd series B
Montana-Dakota Utilities

23
Jan 7
20% Jan 20

6

73/4

37/a

100

93.25 conv pfd series A

103% Jun

-

8y«

33/4

No par

Apr

10%

393/4

8 Ye

20

May

Chemical

39

8%

1.25

Sales

June 24
t per share

40

383/4

40 y#

•40

Friday

June 23
1 per thare

share

3%

A

Monarch Machine Tool
Monsanto

40

Thursday

June 22

t per

t per share

7%

Carpet Mills
Hosiery Co Inc

4

May

24% May 16
55% Mar 30

39%

Wednesday

Tuesday
June 21

I per share

3V2

Mohawk

Mojud

I per share

5

4

09

Dee

June 20

No par

com

45% Jan

122

Monday

10
RE

21% Jan

112%

47% Mar

10

Mission

0

Jan

29% July

99% Dec

16%

Par

01% May

106% Mar

20

54% Jan

14

Jan

15%

22% Dec
46% Nor

10

15% Jun

44

Feb

9

-

Saturday

$ per share

14

Monday, June 27, 1949

RECORD

June 18

42%

13% Feb

CHRONICLE

LOW AND HIGH SALE PRICES

STOCK

I per share

*33% Dec

STOCK

EXCHANGE

9 per thare

4

FINANCIAL

STOCKS

|ui» tor Prntow
Levari

&

42%
*109%

♦193/4

'

10

*9%

,

10%
10:

20

12%
9%
10

43

*43

V*

io9y»

1091/2

110

110

110

<

10%

10%

11

11

36

36

36
45

423/4

103/4

*33%

36

*34

*43

45

423/4

43%

43

112

10%

*193/4

*43

*42%

45

♦12

900
900

12%

100

9%

2,800

10

100

43%

43%

*1033/4

110%

1G0

12 Ye

2,400

*34

373/4

100

♦42%

45

43%
110

11%

1,600

11%

12

*35

373/4

*42%

45

700

N
14% Mar
20

10% Jun

14

22%

Sep

22

Jun

13

28

Jan

21

Nashrllle Chatt A St Louis

29-

Deo

Jun
Jan

17% Jun

14

23% Apr
9% Apr

11

National Acme Co
National Airlines

11% Jan

7

Feb

18

21%

4%

Sep

10% May
12% July

8% Feb
9% Nor
29

Jun

14

37

3

35

41

Feb

4% Jun

Jun

8% Deo
10% Mar
24% Mar

22

14%

13

5

21

Jun

27% Feb

14

17% Nor

12% Dee

14%

15

Sep

85

Oct

13
13

Jan

21

86% May 13

Jun

162

Oct

177

Jun

25% Apr
169% Jan

120

Nor

147%

Apr

135

7%

Peb

9% Deo
15% Feb

16§

Jan

29

14

Jan

May

19% Jan

21

73% Jun

16% Nor

1%

6

ii Jan

4

22

Jan

10

91% Jan

7

15% Feb

19% May 16

11

94

Jan

x80 % Jun

15

86

Jan

24

21% Jan

4

28

Jun

22

National

9% Jun

13

12% Jan
19% Jan

9% Jun

20

9

Nor

12% Nor
100

9% Jan

3

May

19

12% Jun

10

xl01% Jan

12

Peb

194

Jan

*27% Mar

29

May

87

Peb

99%

29

Jan

3

Jan

2

100

May

4%%

2

9

Range Since Jan. 1

Highest

9 per share

it per thare

Nor

90% Mar

09

84

Feb

12% Deo
Nor

,

Nor

,
'

11% Mar
20

Mar

49% Jan
200

Feb

86

14

59% Jan

25

30

24'/4 Jun

14

9% Jun

13

56

J Jun

117% Jun
10

Nor

48

Mar

225

21

20

20% Jun

Jun

.

.

96

5

Feb

Jun

4

25

19% Oct

15% Feb

Jan

88

86

Dee

25% Jun

17% July
26% Jan

Jan

A

Aug

3

90

7

Jan

•

:

16% May 4
6% Jun 16

21

Jan

14

Jan.

21% Jun

6

28

Mar 24

49% Jun

15

15% Jan

$3.75

26

Jun

Mar

59% Jan

10

Noma

Nopco

10.

7

Adjustment

18% May
Jun

14

78

Jun

24

85

18

Northern

Central

31

Jan

Ry

14

Northern

Natural

Gas

11% Jun

13

36% Mar 17
17% Jan
7

16%

Deo

Jun

27% Jun

8'4 Jun

8'/a Feb
78

Aug

103%

90

Mar

Oct

109%

Dec

-8% Nov
16

27% May
40% Apr

Jan

8% Dee

29
15

7

Jun

13% Jun

6

14

North

Feb

19

Feb

7
2

32

14% Jun

Jun

15

1% May 21
11 ye Mar

2

36

Jan

4

i

/>■. '

JNorwalk
Norwich

Tire

175

*146%

147%

147%

147%

30%

30

13%

3,600

91

30%

147%

'

20

30%

175

3,400

175

*1463/4

80

148

30

6%

6%

6%

6 '/a

600

15%

153/4

15%

'

;

175

147%

6%

*6

6%
16

■

500

13%
91

13%

175

29,000

7%

73/8

•

,

92%
303/4

15%

153/4

1534

800

h

3/8

%

%

1,600

193/4

20%

*19%

20

753/4

753/4

76

-76

76%

2,600

22%

23

23

22%

♦22

16

*22

22J%

22%

•

Tff

23

153/4

16

16%

16%

80 J/2

80 J/4

80 »/a

80%

80 J/2

80%

803/a

*80 J/2

263/8

263/4

27

273/4

28

28

28

*9%

10%

16

93/4
10

•

16 Yb

9%

•

♦10

16

10%

*9%

♦10

10

10%

10

93/4

133/8

♦13

103

-

31

;

10 ye

10%

10%

*30

10

99

;

30%

99

98

98

100

103/a

1,000

10%

4C0

13%

133/a

133/8

•101J/2

31%

98%

.

320

10%

10%

103

*30
-

3,400

2,100

*10%

10

♦101%

30%

16%
28

*10

103/4

*13

103

31%

500

81. 4

28

,10%

*103/8

133/a

•101%

103

»

*98

•

•13

133/a

•*ioiy2

V

t

800

'

80 J/4

98%

31%

*98%

,

100

103

*31

99

400
-

•'

40

8%

8%

97%

*96%

.43%

44%

44%

44%

•44%

25%. ..26

10%

10%

*68

4

26%

27

25%

10

10%

60

120

-

1181/e

10%

245

*53

118%

23.

23 y4

92%

23

•

120

10%

;

STOCK

*68

.

27,,

26%

25 :*

25

10%

.

601%
120

10%

2,100

68%
.21:

Y
i

;•

1,260

.

' ''•

17,800

-611/2

3,500

♦122

123
.11

53%

*53

245

245

*22%

;

53%
245

5%

5%

300

:

3,400

22%

22%

22%

24%.

23

300

53%:

*53
♦235

,

5%

600

10'/8

11

24

1,200

-'10%,

25:

'ioy8
61

11

24

,

45

245

5%

.

5%

23

"16
1,400

23

:

1,1C0

92%

93

92%

92%

92%

92%

92%

92%

16

16

*15%

16%

*15%

16%

*15%

16 Mi

100

88

*86

88

88

*88

89%

89%

89%

220

"17

18

6%
50%

-

'

-

7

26%
17%

-

9

50'A

6%

6%

21%

*21%

501/B

50%

50%

*26

18

9I/8"
78%

16%

6%
21%

561%

17%

9%

17

17

7

23

*26

80

88

17%
>

*21%

50%

17%

*78%
^

17%

6%

2?.,

*25%

50%
*26

26%

17%

18

17%
9%

f

9%

9%

78%

9%

*77%

79

*77%

*

*16%

17
7

k

17

6%

221%

50%

50%

26%
18%

18

1,900
100

50%.

*26

9%

400

7%

*21%

23

110

.

2,200

26%
18%

•

9%

15,600

.

14,000

9%;

79

78

78

40

,

31%

.

.

32%

32%

33 y8

32%

32%

321/s

32%

32%

32%

12%

<

13,600

13%

131/4

13%

13%

13%

13%

13%

13%

13%

6,800

10%

29,300

9%

10%

10%

10%

101/8

*88%

89%

*109 %

109%

109%

8%

8%

8%

15%

15%

15%

•15%

32%

*321/4-

32%

*32%

10
28

14%.

50

„

32%

,

No par

10%

10%
69

'

16

*21%

50

common

3,400

971/4
-

45

..

*86

♦
,

CLOSED

1

♦96%
'

45.

5%

23%

Shares

8%

92V4

EXCHANGE

10

971/4

*15%

1

10
Co
Co

,

the Week

8%

8%
1

Sales for

t per share

4

*225-

6

9%
59%

26%

;

*53

245

5%

'

-

118%

•10%

53%

*225

*

5%

'• 25

10%
60%

♦24

26%

\

25

59%

24

10%
*68

27%

9%

11

24

45

10%

25

118 i/a

11

«•

69%

•27%

61

24%
53%

5%

10%
•68

69%

25%

61

*53

;

>

10>/»

58%

'

44%

25%

25

10

_28

Co

10%

69%

*225

t

:

■

Friday
June 24

June 23
$ per share

8%

*23%
,

V:.' »"' "■/'
>'■

Thursday

June 22

t per share

♦96%

*118

1

'

Wednesday

June 21

f per share

8%

.

,

Tuesday

June 20

97%

25

;

*

8%

J

r

1.50

Rubber—

175

13%

-

Aviation

&

176

7M,

•91

*96%

....

/

:

pfd—100

Co

Pharmacol

18%

8%

\

50

Northwestern Telegraph

11

23

18

13%

■

97%

.....

No par

4% Jan

18

7%

•

"1,500

20%

9%

No par

No pax
No par

12% Apr

173/4

7%

8%

.

„

.

i

•

No par

preferred

18

*96%

.

"/•

No par

Common

*

17%

'

tV

10%

.—100

Corp—

$4.80 preferred
Northwest Airlines Inc
4.6%
preferred

153/4

753/4

*68

1

63.60

4

109% Mar 22
10% Jan

i

Northern Pacific Ry
100
Northern States Pwr Co (Minn)—

10% May 13
90

American

15%

91%

Monday

i

No par

—

7% May

10% Mar

28

Apr

17% Mar

Nor

88%

84

107% Feb

Feb

15%

13%

$ per share

1

86 V*

15%

5,900

20%

A-'

.

f per thare

4

98

Feb

American

7,200

3/8

''

'•

1

preferred

North

303/8

75%

♦13

_10

Norfolk A Western Ry com

28% Jan 20.

3

30%

15%

30 J/4
153/4

•

20%

♦101%

100

pfd

Industries

82% Mar

Jan

'29%

"

1

Electric Corp
Chemical Co

25%

,

1,100

30%

3/8

9%

100

19% Apr 28
11% Jan
7

8

9 J/4

LOW AND HIGH IALK PRICKS

preferred

Noblltt<-8parks

3

63/B
5 J/4

9%

75%

93/4

June 18

Cq

Gas

6%
5%

9%

20%

9%

.

Elec A

2,300

6%
5%

%

15%

Saturday

N Y Shipbldg Corp partic stock

14

17%

Feb

14% Mar

Jan

800

6%
.

26 J/4

*

STOCK

Light 3.90%

2,600

76.

*22

100

RR

80

5

31%

20 3/4

*98

preferred

Harlem

N Y Power A

22

19yaApr

non-cum

1783%

5

31%

9%

30

*6

1783/4

5 J/8

5'/8

♦7%

133/8

♦15%

5,200

9%

5%
•

91%

•

33%

29%
■*

7%

293/4

700
700

33

313/4

6%

6%

"

28%

%

NY New Haven A Hart RR Co-100
Preferred 5 % series A
100

33% Jan 21
96

$5

N Y

9

21

62% Nor
28% Jan

Dee

25

Mar

9% Jan

•

5%
313/4

12

283/4

333/8
179%

178

5%
32

91%

6%

100

NY City Omnibus Corp
New York Dock common

May 6
Apr 23

178

*5

30

15%

31

Brake—

9%
♦11%
.

743/4

1

6%. preferred series A

N Y State

Jun

13% Dee
55

250

'

Feb

28

Jan 21.,
14 % Jan
8.

26 Mi

Air

7,000

20%

100

preferred

York

33

■

,

New York Central
No par
NY Chic A St Louis Co com
100

140

13

91% Jan

New

7
21

33%

*175

146 y2

6%

15%

common_No par

Newport News Ship & Dry Dock

12.

Jan

9%
113/4

*9%

18

7%
13%

175 J/4

1

common

17%

♦90

146%

100
Co

Mining Corp
Newport Industries common
4%%

2,200

8

28%

5
•

15

-

293/4

175

lo

Newmont

«

12

13% Jan
81

59

14

Apr

.

33% Jan

10

Feb

Jun

14%

20

35

14

5% Jun

81

•

13

Jun

Jun

81

24% Jun
19% July

•

6

'

-8

9 J/2

9 J/2

113/4

28%

6%

15

91%

29%

No par

Pa com

Elec System
New Jersey Pr & Lt Co 4%

13% Jan 10
72% Jan 27

14

13%

*90

10

New England

2

Jun

295

Jan

8% Mar
20%

i

11% July
July
144
July
22% Apr
27

>

97% Feb

65
Apr
23% Jun

82

Feb

Mar 21

9% Feb

45% Jun

;

Feb

121'/

42

34% Oct

12% Dec
89

94

Aug
July

12%

1

Par

10% May 17

1,700
2,400

11%

31%

9%
30%

30

7%

I per share

3

8'%

28 a4

5%

93/a

17%

7%

EXCHANGE

:

7%

9%

•

178
i

5% "

6 34

303/8

17%

10

NEW YORK

Highest

8% Jan

28% May
90% Jun

20% Feb
81

'

Leveet

I per share

18% Jan

18

70

•

330

19%

73/4

•

32%

32

5
,•

STOCKS

•

Year 104S
Leweet

.

•

29%

12.50

preferred

Baag* for Prnku

6%

5%
9%

No par
No par

Inc

12

24%

19%

11%

179 J/4

5

32

15

Co

Newberry Co (J J)
3%% preferred

*178

4%
32

5%

25

Fibre

11%
24 J/2

19%

♦273/4

33 J/4

33%

!77%

No par

Co

Nehl Corp
Nelsner Bros

27

31% Feb

Tea

Vulcanized

Natomas

14% Mar 17
103

Mar 28

93% Jan

Natl

33%

*9%

100

29% May
15% May

12% Apr 20
11% Apr
2
13% Mar 30

113/4
283/4

14%

preferred A_
preferred B

80% Nor
Nor

113/4
283/4

*31%

No par

21

10% Deo
0% Nor

11%

33

common

National Supply (The)
4%% preferred

12
233%

19%

8%

9%

93/8 :

9%

9y4

*73/4

8'/a

283/4

63/.

National Steel Corp
National Sugar Ref Co

23% Mar 28

11%
23 J/2

•

19

183/4

'

6%
100
National Linen Service Corp
1
Nati Malleable A Steel Cast-No
par
Natl Power & Lt ex-dlst
No par
National Shares Corp
No par

9

13
21% Feb 28

25% Jan
25% July

$4.50 preferred
Lead Co

19% Jan 21

15

9%

4%

Prod

1

'

8

11%

Co.

Distillers

National

3

6% Jan

8%

1773/4

Enameling A Stamping
National Gypsum Co com

15

148% Mar

13

114% Oct

Nor

Feb

177% Feb

4

Jun

x% Jun

Nor

81% Mar
20

4

5% Mar 10

24% Jun
1

95

73/4

11%
23%

18%°

No:

Nat

33% Jan 21

14

Container

National

16% Jan .7

14

113/4
23%

18%

National Cylinder Oas Co„
National Dairy Products
No
National Department Stores

14% Feb 25

Xll% Jun

11%

23%

18%

common.

National

8
11

7% Jun

113/4

23%

18%

283/4

Co

11%
*23%

H%
22%

CLOSED

Co

National Cash Register
National City Lines Inc.

3

17% Jun

98% May

29%

Biscuit

Jan

STOCK

EXCHANGE
,

7% preferred
National Can Corp.

31% May 4
16% May 16
19% Mar 30

Dee

20% Jun

.

May 18

12 *

10

13% Feb

Battery

National

9% Jan

13

May
22% May

Dee

National

Jan

1

100
1

7% Mar 11

13

Jun

4
25

Jan

35
'

9 % Jun

14% Aug

Corp

National Automotive Fibres Inc.
National Aviation Corp

7% Mar 29

6

5% Jun

:

4

179% Jun 23

13

30% Jun

9% May
13% Jan

Nash-Kelvlnator

7

13% Apr

170 % Mar 15

9% May

32% Deo
8

13

28

175% Jun

13

10% Jun

July
22% Oct

162% Oct
5% Nor

3

30% Jan

45

Feb

Jan

9 % Jun

17% Mar

Mar

28%

5

15% Jan

89

89%

89

109%

109

*1%

1%

*1%

'

1%

*1%

*111/4

.

2.50

11%

H1/2

11%

*11%

89%

10%

101/4

89% :

89%

89%

100

►109

1091%

9

9

9'/«

9%

15%

<15 Ye

15%

15%

15% ;

32%

*321/4

32%

32%

32%

1%

*1%

1%

1%

1%

100

11%

Hi/2

*11%

11%

400

29%

29%

8%

9

ioy8

10%

89%
109

•

12

*109

109%

90

9%

8,200

•«

6,600
170

.

O
JStt Dee

14%

83% Jan

103

36% Feb
18% Apr
38% Feb

43

r$3.
•

'

38

Mar

37

Jan
Jan

164% Nor
18% Nor

80

Dee

47% Dee

11%
8%
88%
84%
-

3

99% Jan

3

Jun

*108% July
13% Apr

Dee
,

27% Jnn

18% Jan
86% July

8% Dee

88

Jun
Jun

.

108
'

Jnn

38

Jun

87% Jun
184

Jnn

23

Jan

88

•

Feb

73% Jnn

•23% May 31
17% Jan
8
20

Jun

92

Jun

2

6% Feb

11

<81

14

33
May 18
104% Mar 25
33% Jan -7

19% Mar
31% Jan

7

99

7

8%, Jun

16

90% Jan

10

13

22% Jan

7

28

Jun

13

148

Jan

15

11% Jun

1

65

Jun

49% Jan

14

3

32% Mar 30
158 y2 Jun

79

8

Jun

6

73

58

Jun

22

71

30

Jun

16

40

For footnotes

eat

page 26.




Jan

58% Jan

18

11% Mar 29

2

16% Jan 24

18% May

Feb

3

Feb

Feb

May
Apr
43% May

7

19% Jun

Dec

Sep

Jgn

14

Jan

Ohio Edison Co common—
4.40%
preferred
Ohio

OU

—No par
Oklahoma Gas A Elec 4% pid__20
Oliver Corp common
_No
par

4%%

convertible preferred—_100

Omnibus

8%

Corp

24

Owens-Illinois

Amer

Pacific

Coast

8

A—100
.iio

100%

18%

21%
*92

25

243/4

is y8

♦i8y8

22%

22 J/2

93%

7y8
81

7 y8

*92

'

,

81

*19

7y8

*81

20 34

*19

29%
1C1.
19

223/4

2nd preferred non-cum

24%

*11%

..66 J/2
-

11%
-10
No par
No par

30%

*101%

...

22

92 J/4

.

200

101%

r.24%

~25y8

"

■. ISO

92%

"IYb

7%

81%

283/4
*156

11%

*81

*19

20%

29

293/8.

*156

157%
11%.

*11%

-:

18%

500

21%

21%

.92'/a

92y.

.

7y8

•

IYb

IYb
82 y2

♦19

20%
29 J/2-

<

29%

,

4,600

157

70

11%

11%

80

1,800
90

20%

29'%
*156

-

1,800
..

81

81

157%
12

*18

-

11,500

'

66'%

:

600

*

*63
53

19

21%

*19

*12

_12AO

*i8ye

IYB

293/8

11%

1834
93%:

81%

156 >/2

1134

*29%

•-

24%" -25y4

.22%

*92

20%

28%

101% 102

24%-

22%

,

7%

155%

_2.50

.

30%
101

*18 %

•

82

28%

101,

-

93 J/2

1563/4

Co

non-cum

♦293/4
.

.,

.

25 J/4

28%

Fisheries Inc
Co common

preferred

••"29%
*

-

156 34

.No par

Glass

30%
101

24%-

_100

Co

Pacific
1st

*29%
101
•

—No par

Outboard Marine A Mfg
Outlet

17

preferred

Otis Elevator common
6% preferred

7

Jan

common

Oppenheim Collins

28

4

(The)

convertible

10% Jan 18

Apr

g

.108

Co—

*8%
*58

30%

54

11%
9

♦63

53%

♦11%
*8%

66%
54%

12

87/8

60%

*58

60

30%

*29%

31%

-

.

*63

5234

11%
*8%
58

*29%

66%

53%

11%
8%

.

*63

52'%

*11%
*8y4

66J/2

53%

12

8%

-

*63

52%

♦113/4

*8%

53%

12

—

3,700

300

8%

58

*56

59

♦56

59

31%

♦29%

31%

*29%

31%

~10
30

t

Volume 169

THE

Number 4815

COMMERCIAL

& FINANCIAL CHRONICLE

(2767)

NEW

15% Mar

21% Jim

29% Nov

36% Jan
55% July
44% July

47% Mar

29%

Dee

21

Feb 24

30% Jan
50

Pacific Finance Corp of Calif
Pacific Oas At Electric

33% Feb

27% Jun 14

Jan

6

34

6

3

54

.3

Jun

Feb

21

Dec

104% Jun

89

Feb

7

147 " Mar

135

Jan

5
1

4

Dec

8% Nov
13% Mar

21% Jun

46

Feb

66

Oct

92

Oct

100

29% Jun
3% Jun

13

4% Jan

5

8

Jan

3

10% Apr

-5

12

Jun

10

8% Apr 16
20 : Jan .7

28

May

97

Jan

105

Jun

26% May

49% Jan

15% Jun

14

19% Jun

May

104% Jan

*144

3%

3%

3

3%

3%

8%

9

Car

;

40

•38

40

•38

40

39%

39%

*38 %,

Park At Tllford lne

1

Park Utah Consolidated Mines

103

Dec

86%

3,600

2.50

24 Va

24 y«

24%

24

24

24 y4

24%

500

No par
5

*5%

Peabody Coal Co common
5
5% conv prior preferred——,25

6%
17

17

30% Apr

Penick At Ford—

No par

29%

29%

29%

_No par

46%

47

46%

Jan

4

8

111
20

Mar 28

110

3

36

Mar 11

24

21

May

102

17% Jun

1

108

Jan

104

Mar

37

30%

9% Feb

Transportation

Jan

5

9% Jun

14

Jan 19
Feb

7

May 16

Apr
5
11% Jan 19

12

'

Apr 11
Apr 12

Cement

10%

STOCK

10

com—No par
5%. preferred
L
100
Penn Power At Light Co
—No par
Pennsylvania RR—
———50
Pennsylvania Salt Mfg Co com—lo
3%% conv series A pfd_
—100
Peoples Drug Stores Inc
—5
Peoples Gas Light At Coke—100
Peoria At Eastern By Co
100
Pepsi-Cola Co—
33%c
4%%

preferred

6%

6%

6y8

*6%

6%

6%

6%

400

10%

10%

10%

10%

10%

10%

10%

900

6%

*6%

6%

6%

*6%

17%

*16%

17%

*16%

17%

29%
46%

29%

*16%
29%

29%

29%

29%

600

46y2

47%

47

47%

4,500

6%

6%

-

*17

8%

8%

*106

108

18

18

17%

14%

14%

*34%

14%
35%

•34%

104%

104%

*104%

34%

*99%

101 %

•34%

*106

108

18

18

18

14%

14%

34%
*104%

34%

14%
35%

10%

*21%

22%

———100
5

*102%

104

*102%

-

10%

30

35%

,200

100

100

'7%

.

9%

10%
22%

*21%

500
100

7%

'9%

*21%

104

10

26,400

22%
103

•

10%

103

150

*102%

103%

10%

103%

104

*10%

10'/a

105%

*34%

7%

,

300

*104%

100

*7%

10,100

35%

10%

*21%

5,300

14%

35%

22%

10

10%

22%

18

14%

,

35%

8%

*7

10 %

*21%

108

17%
.

104%

100

100

26

*106

♦34%

2,700
3,300

21

,

104%

34%

100

8

9%

No par

*10

106

34%

200

9

9

108

35%
101 %

,

20%

14%

•35

600

7

*22%

26

18

18
14%

*7%

8%

8%
21 %

*22%

26

*106

106

34%

8%
20%

8%
20%

20%

36

♦100

29%
46%

,

*22%

26

108

*106

17%

8%

20%

*22%

7

46%

9

%

20

26

*6%

500

10%

20'/a

*22%

*24

24%

.

•eye

6%
11

7%

CLOSED

Petroleum Corp of America—

7

*24

20 V4

EXCHANGE

--7

Co.:

Pet Milk Co common

105% May 16

12% Jan

Coal At Coke Corp

Penn-Dlrie

*1%
.

Penn Gluis Sand Corp

May 18
17% Jan
7

13

24% Jan

Co

Mines At Enterprises

Penn

3

23% May 14
28% Jan 21

1

—No par

Penney (J C) Co.

4

20% May

Oct

Parmelee

47% May 27

16

7% Nov
98%

200

-1%
28%

Jun

14% Jun 13

9% Nov
Dee

-

1%
28%

10% Feb

5

96% Feb
9
7% May 31
8% Jan
3

22

39%

1%

28%

17% Jan

Oct

100

1%

6

99

8,300

21

T

28%

14

Feb

10

2oya

20

19% Jan 10

1

Jan

*102% 103%

20 y8

1%

7% Jun

29

103%

20

28%

17% Feb
23% Jun

104.

•400

*1%

15% Jan

Feb

28

*102%

20%

15%

28%

21% Nov

Jun

102%

19%

15%

1%

8

27% Jan 31
42% Jan
3

32;

102%

20

19%

120

4,500

15%

-

6%

28%

2

Deo

15%

'6%

1%

6% Jun

35%

•15%

2,700

6%

28 y«

Patlno

106„

15%
15%
*102% 103%

95%
6%
15%

6

1%

14% Jan 18

Jan

5%

*96

98

6

28%

1

20% July
22% May
48
Apr
120
Apr
45% Jan

6%

*96->

6%

*38

53%.

55

54%

55

28

15

112

55

*19%

51

50
900

98

20%

Jun

Oct

*96

•19%

Jun

Dec

97

21

10

Deo

98

*19%

x6

16 %

54%

21%

May

16%

53%

2oy4

10

109%

17,700

54%

*19%

16% Jun

34% May

12,200

200

14

•12%
54%

20 y4

6% Mar

.

3%

«ya

»

8%

9%
14

103%

9

,

9

*12%

20%

Parker Rust Proof

Dec

3%

*102%
19%

26% Jan 22
7% Jan .7

Feb

13%

3%

3%

9

14

200

♦30%
*3%

1
—;

_

2

9% Dec

8%
*12%

•

31%

31%

1

convertible preferred

When issued

23% Mar

15 %

*30%

100

4%

30% Jun

27

9y8

3

2,500

15%

24% Nov

49% Jun

3%

3%

9

90%
144%

3

100

5,500
1,000

30%
30y4
*89%
90%
•143% 144 v*
■2%
2%

;

*15%

Parke Davie At Co

38% Feb

29%

No par

2% Feb 28

Jan

50%

*143%

30%

3%
*12%

13%

50%

19

97%

29% May 12

37

*12%

50%
30%

3%

30%

31

*30

31%

31%

•97%
5%

9

Dec

"

31%

30%

*89%

144%

3

3y8

*18%

50%

90

89%

144y8

Shares

'

19%

31

*18%
•

29%

29%

29%
90
145

89%

90

1—No par

Motor

3

27

28%

89%

31%

1% Jun

Jun

50%

144%

24% Jan

16

50%

28%

3% May
83% Jan

Feb

50%

31V*

50%
28%

50%

Paramount Pictures Inc

May 23

42% Mar 30

39% Jun 15

30%
50%

144%

j

Deo

Mar

23%

19%
31%

Parafflne Cos Inc com

3

21

6

•18%

f per share

Panhandle East Pipe L com—No par
4%. preferred
;
—100
Panhandle Prod Ac Refining
1

7

24% Feb

102% Feb
8
18% Jun 14

L

18%

30%

Friday
June24

• per share

tper share

30%

29

No par

Corp

share

18%

19%
31

Thursday

*

June 23

S per

No par

Packard

3'

5% Jun 13

Dec

57

Jan

»

Jun

18%

2

16

*18%

10

Pan American Airways Corp.,—2%
Pan-American Petrol As Transp—.5

43% Jan 10

13

S per share

tpershare

June 22

Jane 21

Pacific Tin Consolidated Corp—.1
Pacific Western Oil Corp
_
10

8

May

11%

34% Feb

4% Jan

59% Apr" 14
102% Jan 27

Feb

18% Feb

v

5
95% Jun 23

6%

SALS FBICSS
Wednesday

Tuesday

Pacific Telep At Teleg common—100
6% preferred
100

.144% Jun 20

2% Jun

Pacific Lighting
Pacific Mills

96% Mar 28

Nov

.

June 20

Par

Apr 14

89

6% Apr
62% May
5% May
11% May

Monday

June 18

I per share

8 per share
18

Saturday

EXCHANGE

130

3% Dec
39% Nov

RECORD

NEW TOBK STOCK

Highest

Lowest

Highest
f per share

STOCK

'

Bango Since Jan. 1

Tear 1948

tpershare

YORK

STOCKS

Bui* for Pnrliu
Lowest

29

t

-

10%

10%

10%

10%

800

26%

4,800
2,900
7,300

"

14% Feb

20% May
64% July

44% Deo

40% Feb

48%

Dec

93

59

July
55
May
104% May

Dee

.

Jan

91

27%

26%

Pfizer

No par
1

27

51% Jan 19

44%

45%

53% Jan 21

Phelps-Dodge Corp
———23
Philadelphia Co 6% preferred
-50
$6 preferred
——.No par

39

39%
51%

45%
39%

Jan

x48% Mar 30

Jan

3
8

111

Jun

6

Jan

7

101% Jun

15

Apr

98.

109

Jun

21

14,

Jan

21% Nov

xll% Jun

8
14

28

Jan

45% July

25% Jun

13

81
Sep
25% Mar

July

81% Jun

22

39% Dec

37% Jan

4

87

97% Jun

93% Jan

3

Jan

6

91

Jan

82% Nov
11

88%

54%

Jan

10

Deo

.

Oct

13%

Sep

10% Feb 10

92% Aug
77% Jun

Dec

87% Jan

87% May 11
51% Jun 14

14% May

88

Feb

9

28

19% Jan

88% Feb

26%

45%
39%

46

26%
45%

46

39%

40

39%

39%

'

51%

51%

51%

51%

8

9
91% Mar 30
12% May 14
90
Feb 11

Apr 19
Mar 30

51%

51%

97

96%

21%
23%

22

21%
23%

23%

96%
22%

No par

23%

23%
112%
101 %

21%
23%

112%
101%

112%
101%

*101

101%

109

109

*108%

109%

108%

112%

*96%
22

22%

,

*23%

23%

112%

23%

112%

112%

109

11%

11%

11%

11%

11%

25%
*81%

26

26

26 Va

26%

26%

11%
26%

81%

♦81%

83

♦81%
39%

39%

98

98

*97%

*91

-

81%
39%

83

40%

40

/

*10%
*87% ;
52%

11%

*87%

*87%

52%

53

*8 ye

*91

93

52%

53 %

52%

•8%

9%

*8%

11

89
53%

9%

Lowest

Highest

8 per share

$ per share

•

LOW AND

STOCKS

•

NEW TOBK STOCK

Saturday

Monday

EXCHANGE

June 18

June 20

,,

t per share

tpershare

Par

J per share

tpershare

I per share

82%

30

41%" 42
98%

5,500

98%
*
91:

200

93

*10%

200

10%

•87%

89

52%)

53%

52%

*8»/4

9%

15,900

9%

Friday.

June 23

June 24

.

I per share

tper share

-

U

Thursday

June 22

June 21

5,400

,;7

•

BALE PRICES
Wednesday

Tuesday

3,500

89

.

80

11%

26%

'

•81%

93

'

*8%

9%

.

v;

11%

*91

11;

*10%

000

160

26 Va

41%
100 V*

89

*91

11%
89

90

4,000

200

11%

93

93

*10%

96%

112%ill2%

26%
82%

*98%

51%
.

*101% 101%
*108% 109%

108%

39%

100 V*

*98

100%

*87%

.

Baage for Frevieu
Bange Since Jan. 1
Lswset
Highest

23%
112 >/a
101%

♦101

101%
*108%
11%

39%

390

22

96%

21%

•

Tear 1948

<

*96%

97

96%

21%

*96

preferred
100
preferred
——
100
preferred—
—.100
Phila Ac Reading Coal At IronLI
PhUco Corp common—.
3
3%% preferred series A
—100
Philip Morris At Co Ltd common—5
4% preferred—
——100
3.60% series preferred.—.——100
Phillips Jones Corp com..
No par
5% preferred
.
.
100
Phillips Petroleum—
No par
Phoenix Hosiery.

Apr

11

26%

46

39%

4.3%

43% Mar 28

64

51%

26%

45%

40%

No par

4.4%

7

100

51%

26%

45%

3.8%

7

40% Jan

I

27%
.

Electric Co common

Phila

May 17
26% May 16
112% Jun 24

110% Apr
105

Brewing Co
(Chas) At Co Inc

$1 conv preference com.:

24

23% Jun

Mar 12

99

20% Jan

103% Jun

103% Sep

vfeiffer

54% Mar 18

90% Mar 24

Jun

24%

Nov

104

27% Jun 20

6

7

17

25% Sep
115%, Jun

20% Deo
22

3

40% Jun

36% Jun

•

I per

■

share

theWoak

i

Shares

'

30

Deo

110

26

Sep
15% Jun

100% Jun

22

93

*

Mar

12% Feb

5

113

10% Dec

138

13

100% Jan

103%

Jun

80% Deo

Jun

Jan

34% Jan

98% Apr

July

36% July
23%

Dec

155

157

Feb

169

30

Dee

Jun

July
39% Jun

7% NOV
10% Feb

Apr

10

Jan

73%

20

Jun

Jan

140

170

Dec

Feb

96

Oct

70% Deo
15

Feb

145

Jan

82% May
26% Oct
161

July
46% July

26% Deo
9% May

26

H

Jun

3
15

24% Jun

13

10% Jun

7

i

79

142

.

Jan

<

Jan 26

158% Jun 20
29

Jun

3

6% Jun. 13
7% Jun

14

61% Jun 24

14% Jun

15

137% Jun

1

xl9% Jun

14

11

11% Deo
12% Jan

16% May
14% July

5% Nov

22% Nov

11% May
35% May

62% Feb

71%

Deo

24% Jun

25

Deo

30% May

32% Nov

53

Jan

42

Feb

May
198% Sep
33
July

17% Deo

25% May

101% Feb

8% Jan

15% Jan

7 "

7

71% Jan 27
21% Jan 24
147
Feb
1
29

'

Apr

4

10% Apr 19
50% Apr 18
39

Apr

5

FUlsbnry Mills lne common
29
$4 preferred—
-——No par

105

..100

*100%
*10%

11%

♦79

81

85 convertible preferred
No par
Pitts Consolidation Coal Co—1

Pittsburgh Forglngs Co.——
Pitts Ft Wayne At Chic Ry com
7%: gtd preferred—

25%
*11

1
100
100
lo

*138

..100

65%

1st ser conv prior pfd—100

*61%

preferred class A—

5%%

5

5
Pond Creek Pocahontas———!

*156%
29%

6%''
8%

8%

*150

.

65%

66

62%

26%

*61%

11%
145

29%

16

*15

16

15

*130

140

*130

140

20

20

*19%

19%

13%

5%

4%

conv

22%

*21%

22%

*21%

*21%

22%

*21%

22%

61%

61%

61%

61%

61%

62

61%

62 %

15,

15 %

15%

15%

15%

15%

62%
15%

61%

15

•87%

87%

♦87%

87%

87%

87'/a

15%
87%

40

87%
40%

15%
*87 y4

40%

40%

40%

40%

40%

41 %

40%

40%

2,100

21%

21 %

21%

21%

21%

21%

21%

21%

21%

8.900

25%

26%

25%

26 y4

26

26%

31%

31%

31%:

31%

31%

26 y4
32 y4

26 ya

31%

21%
26 ya
31%

26%
32 y4

26

25%

26

25%

25%

25%
♦107%

26%
109

6,100
7,000
9,700

108%

26%

26%

26%

*25%

*15%

15%

:i5%

No par
com

5

43% May 18

23% Apr 13

Pub Serv El At Gas

28% Feb 21

81.40 div preference com—No par
Pullman Inc
_No par
Pure Oil (The) common——No par
5% conv preferred—
100

25

24% Jun 14
107

Jan

6

37
Apr 30
32% Apr
4
108% Jun 24

300

*21%

Publicker Industries lne

3

30% Feb

500

8,800
2,900

preferred series A—50

Procter At Gamble

22

3
25% Jun 13

Jan

13%

3,000

4%

84.75 cum preferred.
—.No par
Public Service Co of Colorado^—20

38

22%

10

13%

13%

4%

13%
4%

35

•9%'

9%

—1

66% Jan 18
90% Mar 17

v

9%

;

13%
4%

Pressed Steel Car Co Inc com.

4%%

39%

13%

13%

100

too

10%

39%
*34%

9%

13%

2

*9%

35

*9%

13%

Feb

10%
40

*34%

Potomac Electric Power Co—.—19

Jan 24

*9%
39%
♦34 %

34%

14% Jan
6
8% Jan 24

20

100

*140

20

35

10%
40 Ve

X34%

8% Jun 14

15y2

*130

10%

*9%
39%

35

12% Apr 21

900

50

39

10%
40%

35

9%

2,300

300

*9%

*9%
38%

CLOSED

" :

20

8,700

66

39

STOCK

EXCHANGE

♦9%

28

20%

8%
>

•14%

15

140

2,200
1O0

160

*150

61%-61%

*15

10

Mar 22

;

•

61%

6l»/4

*130

19%

31%

,'7.

•66

16

20

*9%

21

8%

140

19%

160

6%
8%

66

*65%

62%

20

12

31
1

10

80

145

>

•156%

153-153

65%

*61%

62%

-No par

13

153

65%

•

26%v 26%

' '

7

8%

.8%

*150

66

Poor At Co class B———-

4% Jun

X7

120
300

*11•

*156%> 160
30
31%

6%*»

*8%

8%
160

*138

.200

12

80

26%
11%
145

26%

30

6%

7

80%

11%
*138

105:

*

*11%

11%

•78

11%

*156% 160

29%

11%

'

145

*133

160

*90

26%

*11%

'
»'

105

*15

1

Plough Ino
Plymouth Oil Co

.

*90

79

79

26

■

105

*26%
27
102% <103,

*130

Pittsburgh At West Virginia——109
Pittsburgh Young At Ash pfd
100
Pitts ton Co (The)

*138

*11%

11%
81

*11%

•

7

160

100%
11%

26

25%
11%

8%
*150

100%

*79

145

6%

110

26%

♦103

103

11%

158% 158%
29%
30

Pittsburgh Plate Glass Co
Pittsburgh Screw At Bolt——No par
Pittsburgh Steel Co com
.No par
7% preferred class B.
100

103

♦100%

110

No par

Pitts Coke At Chem Co com

27

105

*26%

,

26%

27

27

•103

i

*103

Pitts C C Ac St Louis RR

9%

27

12% Mar 30

20% Jan

32% Jan
20

x25

3

57% Feb 26
14% Jun 14
85
Jan 14

Apr
39% July

z25% Feb

Mar

94

Mar

Jan 26
35% Jan 21

170

Jan 24

24

-81

7

May 18

8% Feb

Jan

Jan

88

32

28% May

32

16% Jan 7
144% Feb 28

175

36% Feb

Feb

2

7

12% July

18

Feb

21

70% May
Jun

85

Apr

46

Jan

14% Mar 14

65% Jun

135

29% Feb

33

32% Jan 24
105% Apr . 4
100% Jun 22

*26%

*87%

No par

com

.

25%
*106%

5

♦107

108

108

*107

108

25% Jun 17

29% May

9

Purity Bakeriee Corp——No par

•25

26%

*25%

26%

*26

15% Jun 15

20% Jan 14

Qaaker State Oil Refining Corp—10

*15%

15%

*15%

15%

*15%

15%

14% Jan
7
74% Jan 22

Radio Corp of America com

f

5%

5

5

32 y4
26

26%
108%

2,500
2,400
20

100

27

100

15%

100

10%

10%

67

67%

23,500
1,200

7%

3,500

R
7% Feb

15

63% Feb

6%
.89

Jun

75% May
11% May

Oct

9% Jun

13

66% Jun

14

x7

Jun

15

9y«Apr
4
96y4 Jun ,17

Nov

98% Jun

92% Jan

4

25% Deo

34% Jun

23% Jun

14

29

Jan

19

21% Jun

14

30% Feb

4

16% Feb

July
May
27% July

17% Jun

14

34% Feb
23% Jan

3
7

36%

45

36

13

43

3

22% Feb
31

X36

35

Jan

Feb

Apr

31

Feb

39

10

Dec

15% May

101

Jan

106

Jun

Nov

26% Jun 17

29

Jun
Jun

23

10% Jan

3

36

Jan

Jan

7

13% Apr

16

Jan

7

110ft May 18

18

11%

105

Jun

14

23% Jan 25

Dec

18

May

11% Jan

14

13% Feb 18

Dee

14% Jan

4% Jun

3

8% Jan 27

17%

Dec

25 Vt May

18% Jan

4

8Y4

Dec

13% May
66
Aug

6% Jun

14

No par

10%

10%

10%

10%

10%

10%

No par

67%

67%

66%

67%

Radlo-Keith-Orpheum Corp
—.1
Ralston Furlna Co 3%% pfd—100
Raybestos-Manhattan .——No par
Rayonler lne common——
1
$2 preferred 25
Reading Co common—
50
4% non-cum 1st preferred
—50
4% non-cum 2nd preferred
50
Real Silk Hosiery Mills com
...5
1% preferred——
100

7%

7%

7%

♦66%
7%

67%

7%

*96

97

$3.50

52

Dec

8%

Dec

15% May
99
Aug

78%

Dec

10%

Dec

29% Jan

6%

Feb

13% May
5% May
11% May

2% Dec

5ya Nov

.

Apr
2
9% Jan 24

.

No par

17

83% Feb

Reliance Mfg Co common-..5
Conv pfd 3%% series—
100
Remington-Rand common———50c
$4.50 preferred
25

6% May 31
4% Jun
6

12% Jan

Reo Motors Inc

73

Jun

2% Jan

3

5% Jan

4

54% Feb
Jan

8% Jan

3% Apr
9% May

3

Republic Aviation Corp
Republic Pictures common
$1

convertible preferred

1

*96

97

24%

*23%

24%

300

21%

22%

<22%

22%

28%

28%
18 %

28 y4

28%

3.000
1,300

*18,

18%

400

37 %.

*37

97

♦23%

24%

21%

21%

21%

26%

27

27%

18%

18 Va

18%

*18

18%

*18

38

37

37

♦37

37%

•37

*29

31

18%

23%

24

21%

23%
21%

21%

28%

27%

28%

31

♦29%

31

*29

*10%

11

*109%

110 *

11
*10%
109 %' 109%

*18

18%

*18

11%

12

10%
♦109%
*18

18%

11%

12

10%

*19

6%
*50

8%
•72

8%
5%

5%

*4%

,

*19

20
,

6%

6%

*50

53

8%

8%

*72

74

*19

*6%

6%

*50

53

8%

8%

73

73%

8%

8%

5%.

5%

8%
sy*

!

*4%

5%
20%

.

*8%
5

.

29

*10%

110

*18 %

19

11%

11%

.5%
20%
7

53

8%

*4%
*19

*6%
•50

12%

5

20%

*

100

109ft

110

*18 %

11%

12

♦4%

10

19

5
20%

*19

7

*6%

7

53

♦soy*

2,000

200

53

8%

8%

8%

8%

74%

8%

9%

5%

5%

sy«

1
—50c

*2%

3

2%

3

*2%

2%

2%

3

10

•7y8

7%

ty8

7%

*7y4

7%

7%

7%

24,800
4,100
5,200

5»A
3

*2%
7y«

200

10

9%

5%

5,100

76

•72

74%

8%

73

100

300

11%

•10%

11%

*109 y4

37%
29

29

29

18%

110

(Robt) At Co—

10

8 ya Apr

97

*96

*36

.7%

7%

♦96

97

*4%

—

68

7%

24%

11%

Ino

10%

10%
•67

*23%

—50c

Bros

7%

*96

$1.25 div prior preference
10
Reliable Stores Corp
...No par

Reeves

26

50% Mar 21

For footnotes see page 26.




22

preferred

Reed Roller Bit Co
ReIs

8

1st

.

7%

600

24

COMMERCIAL

THE

(2768)

NEW
Range Since Jan. 1

Tear 1948

CHRONICLE

STOCK
Saturday

Monday
June 20

t per share

f per share

4 per share

LOW AND
••

f

-Par

*

Monday, June 27, 1949

RECORD

June 18

NEW YORK STOCK
EXCHANGE

Highest

Lowest

Highest

4 per share

YORK

FINANCIAL

BTOCl£S

Brag* far Previous
Lowest

&

SALE PRICES

Wednesday

Thursday

June 22

June 21

4 per share

4 persharfi

HIGH

Tuesday

Friday

S per share

Sales tor

June 24

June 23

i per share

Sper share

the Week

,S per

share

Shares

18%

7,500

'

22%

33%

Feb

Oct

Jun

17

-

13
13

103

Jan
Dec

111% July
21% May

91% Jun

15

82%

Feb

102

92

4%

8

Dec
Mar

5%

Dec

80

7
25

4% Jun

14

34% Jan

3

42% Mar

7

60

Jan

94

Jun

85% Jan

102% Jan

Dec
Dec

24% May
49
Jun

24% Jan

3

28

15% Jun

21

x3% Jun

23

7% Jun

13

16% Jan
17%

46%May?7
92% Jun
9
107
Mar 25
19% Jan 13

>

Dec

13% Jun 13

Jun

7% May

4%

Sep

4%

Feb

12

19%

Feb

29% July

•<

July

.

38% May

10% Jun
17
64

13

Jun

13

27% May

16

72

May
Jan

Dec

6% Dec

•

94

*92

94

94

100

11%

11%

11%

*11%

11%

11%

ny2

800

92%

*92 y8

92»/2

*92 y8

92%

*92%

92%

*92%

92%

'Royal Typewriter

3

4%

4%

4%

4%

19 y4

19%

*19%

99

99

*99

100

-

18

4%

4%

4%

4%

4%

36%

36%

36%

37%

36%

37%

45

*43

91%

104%

46

*90

104%

*90

104%

*44 y2

45%

45 y2

91

91

104%

; 105

*4%
37,
46

.

91%

14%

15%

15»/4

15"A

14%

15

32%

34 y8

33%

34%

33%

34

*15 y4

15%

15%

15%

.*14%

4

4'/a

4

4

8%

8%

8%

8

22

11

36y2

36 Va

9%

—5

15%

100

3%

3%

4,700

8

8

2,200

97%

11 "A

*10%

11%

16%

*16

16 y2

45

45"A

45%

9%

9%

.

9%

•9%

3%

8V«

.

900

19,400

:

21%

*21

23

100

37%

97%

16'A

14%
34%

34

21%

36%

97%

11

45

44

No par

*14%
*14%

8

22%

36%

-16%

200

540

15

x3%

*97 y4

11

16%

*21%

22%

*21%

_

36

60

9-1%

104%

34%
15%

8%

97%

46%

*90%

*

14%

4

36

7,200

34

8%

97%

100
500

37

104%

90%

104%

*14%

15%

4

*21%

46

90%
104%

105

36%
*45%

,

800

4%

4%

37%

.

17,700

t

101

*99

4%

4%
19%

4%

*19'A

.

101

*99

4%

*92

19%

19%

;

17%

'

4%

4%

20

101

*4%

,———1

Ruberold Co. (The)
Ruppert (Jacob)

-

*92

19%

4%

19%

4%/preferred series A
—100
Ronson Art Metal Wks Inc new—1

55% Jan .8
12% Mar 12

3

8% Jan

92%

11%

99

Robertshaw-Fulton Controls com—1
•
4%% oonv preferred
—-25
.Rohm & Haas Co common
20

18% Feb

39% Apr 25

18%

Mar

5

Jan 12
5% Jan
6

98% May 17
13
May 17

■

15

Jun

92%

11%

*92 Va

4-I
,_10
—10
100

7
25% Jan
3
41
Apr 20

96% Apr 21

93%

11%

Common
Preferred 3.60% series—
Preferred 4.50% series
1—100
>Rheem Manufacturing Co__—:—__1
Richfield Oil Corp
,
No par
*Rltter Company
—-No par
Roan Antelope Copper Mines
4.

loy4 Jan

21% Jun 23
36

Reynolds Spring-Co
4
Reynolds (RJ) Tob class B
*

21
'

18%

Rexali Drug Inc
2.50
Metals Oo com
No par
5%% convertible preferred
100

;

18%

18

; Reynolds

3

6% Jan 6
37% May 26

«

4

Oct

17

103% Feb

3

103% Dec

Dec

43

14

Feb

99

11% May
41% Jan

83% Dec

103%

4% Jun
'

104% Jan

6
5% Apr 18
'23 < Jan 26

•

18%

*90%

Revere Copper ft Brass com—No par
5%% preferred
100

99% Jan

May 21

19% Jun

May

29% Apr

19% Nov
92

16% Jan 12

,

18

17%

17%

'Repuhllc Steel Corp com——No par
6% conv prior pfd series A—100

7

Jan 31

110

10% Jun 15

Oct

27% Jan

1

37%

*37

37%

500

98

*97%

97%

60

*97"A
11%

11%

11

11%

2,000

16 %

16 %

16%

16%

1,000

45%

*45%

46 "A

*45%

46%

10%

*9%

10%

.

"..

.

*9%

900

.

10

1,100

23

8,200

'

16%

109% Apr 27

35% May 11

113

16% July
48% May

8% Feb

23% May 5
113% Feb 16

16% Jan ' 3

Jun

21%

Sep
Feb

39%

Jan

61% Jun

Dec

107%

31

7% Jun

48% Jan

13

5%
St

Jun

13

67

Jan

139% May

87

Jun

13

122

Jan

25

Jan

101

78

Jun

9

91

Jan

19

8

Feb

13% May

6% Jun

1

9% Jan

7

70

Feb

80% Jan

5

Feb

91% May
15% Aug

9% Jun

14

25% Mar

35% May

22% Jun

14

38% Mar

61

May

46% Jan

6

95

Jan

90

Jun

17

Apr

78% Jun

22

32%

8%

Feb

Nov

88

87% Nov

Jun

93%

12

Dec

15%

Jun

>79

Oct

87

Apr

13%

Feb

44

Feb

15%

Feb

85%

Feb

5

13%

Mar

Scott

55% May 20
X96

Jan

.

Feb

7

18% Jan
55

Scranton Elec

20

3.35%

11

Jan

5%

Seaboard Oil Co

5% Jan

8% Apr
39% Jan

27

Nov

33% Jun

13

9 % Jun

14

-5% Dec
9% Dec

4 % Jun

14% Jun

Feb

104

24% Nov

36%

Oct

77

Jun

46%

Feb

14

Jun

24% Jun
x23

Sears

8

11% Jan

101% Feb

13

Jun

22% Jan

4

68

Feb

79

Deo

77

Feb

9

Dec

15%

Jan

8 % Jun

12

Mar

31% May
37% Jan

15

27% Jun

100

*94%

Roebuck

&

Servel Inc

$4.50

Shamrock

5

Sharon

7

Oil

Steel

52

*52

90

91

79%

*94 %

95%

*12%

85

*84

14

;■

93

79%

*78%

79%

*94 y2

79%
95%

*78%

*94%

95%

12%

127/»

1*94%
;
12%

95 y2

13%

,12%

12%

12%

85

84

84

84%

84%

84%

84%

110

13%

13%

53 %

*92%

13%

13%

14

14%

14

14%

2,200

78%

,

*47 y2

*6%

6%

6%

6%

35%

36%

36%

36%

36 y8

9%

10

10

10%

*9%

10%

*4%

4%

*4%

,

36%

~5

4%

*48
017

39%
;

17%

17%

39%

40!

7

Sharp & Dohme

10

83

May 18

13

10

Mar 11

$3.50 conv pref series
Shattuck (Frank G)

-200

18,300

36%

36%

36%

9%

9%

10%

10%

*4%

4%

*4%

4%

100

6%

6%

5,100

36%

6%

82

25%

6%
82

*78

25%

"

25

24%

.

67/8

7

*78

1,300

82

*78

82

25%

25

25

.

■

23%

24 y2

25

25%

24%

24%

24%

24%

No par

27l/a

27%

27%

27%

27 V*

27%

27%

27%

*77%

80 %

8%

8%

common

300

3,200

7%

.*7

-No par

Corp

29% Mar 31

400

17%

40%

7

.

50 y2

50%

51
'

39%

7

*6%

i.

6%

*78

25%

25

1

Gas

39

30

2,100

'

6%

82

*17

„

170

"

4%

6%

*47%

16%

51

17%'..

50

393/8

39

4%

*78

1,700

93

*52%

xl6%

No par

53%

92%

4,400

53%

17 y4

-

&

.

91

1

preferred

53

51%

13 y8

6%

7,300

24%

50

1

24%

24%

39

.

24%

24%

37%

common

1,300

24

*47%
17%

;

50

10%

10%, 10%
24%
25%

*No par

Co

6%
81 »A

10%

80%

10%

1

100
*

of Del

6%
*80%

6%
81%

No par

Finance Co

6%
80%

" 6%

6%
10%

95%

13%

t c—No par

v

91

82

81%

90

2,800

*88

*77%

6%

79%

34

91

ioy4

-

7,600

82

81%

80

Seiberling Rubber Co

5

17%, Feb

com

Seeger Refrigerator Co

7

13

91

4,300

8%

33%

32 y4

33%

340

40

*88

6%

51%

Seagrave Corp

18

11% May 19
6% Jan
7

3

6% Jun

Jan

'

51%
90

*84

8%

10%

24%

100

8%

111%

*77%

.

.

.

5

Seaboard

12% July
8% May

24

13

39 %

8%

91

82

*110%

40'A

39

*80%

82

*79%

series A

preferred

19% Mar 18

43%

CLOSED

34'A

*88

*77%

.10%

,No par

preferred

47% May

5

*10%

34%

34%
91
82

6%

*80%

(The) common^_5

Co

Seaboard Air Line

7

STOCK

EXCHANGE

8%

*89

JNo par
100

-

Scovill Mfg Co 3.65% .pfd
4.30%
preferred
—

8

Jan

1^75

4

Paper Co common

$3.40 preferred

13

91% Mar

5

Schenley Industries Inc

7

Dec

30

12

6%

<-5
100

8%

22%

23

110%

110%

,

38%

*77%

'

22%

22%
111

38%

9%

34

91
82

22%
111

39%

8%

34%

33

*89%

*77%

.-—100

39

9

8%

f c—100

v

,

Arras Corp—-

4

Feb

22%

110%

Ry Co—-100

Savage

May

36% Feb

9%

*4

Preferred series A 5%

5%/non-cura preferred

16% Jan

31%

22%

noy2

40%

38

-10

30% Jan

10

22%
110 y8

,

St Louis Southwestern

59% May
8% Oct

■

Co

7

86

47% Jun

Lead

Joseph

12% Jan

14

21%
110%

St Regis Paper Co common
1
1st pfd 4.40% series A—

14

Jun

.

5

87

Jan

83

.

42% Jan 26

Jan

12%

26% July
62% Jun
20 % Jun

.

preferred

St L-8an F Ry Co com v t c__No par

12% Jan 25

68

5
—_10o

Safeway Stores common—!—'

3

„*•

25%

,

2,200

24%

24%

2,100

27

v

27Va

6,000
'

28%

14
Oct
46% Jun

,

Feb

/4% Dec

•

r

30

Jun

13

7% Jan

5

Jan

3

14% Feb

11% Apr ./ 8

Sheaffer

10

6

Apr

(W A)

Shell Union

39% Jan 21

Range for Previous

;i

Pen Co

*77

15

31%

'5%

sy4

Range Since Jan. 1
Highest

'

1*12

.

32%

*5

I

8%

8%

12%

31%

80%

12%

*12

32%

32%

Monday

Saturday

i

8%

32%

'

32%

»5 %

33

1,000
t

12%

*12

5%

4,600

'

•

*5

^Tuesday

JUne 20

June 18

EXCHANGE

.-8%

>

12%

32%

80%

*,77%

.

5%

5

5%

LOW AND HIGH SALE PRICES

NEW YORK STOCK

Lowest

Highest

*77

9

*12

31%

1

America

81

8%

9

12%

♦12

STOCKS

Year 1948

Lowest

,

9

Nopal
A
_1

Oil Corp

Sheraton Corp of

5

80

*77

A—-No par

700

"

Wednesday

June 21'... t

5

Friday

Sale* for

June 24

the Week

4 per share

^Shares

Thursday

June 22

June 23

/

"

$ per share

4 per share

3% Dec
25

7% May

Dec

24

26

Dec

15

t per share

44

Feb

2 % Jun
22

May
Jan

30

82% Jun

6

4% Jan

27% Jan
36% Jan

7

Jun

13
'•

14
14

21% Jan
25
Jan

26%

•28

Dec

27% Dec

85% Jun
39% Jun

180

90

19

Jun

Jan

Sinclair Oil Corp-

31% Jan 24

Apr
July

83% May 21
95 % Jan
3

88% Feb
3
100% Mar 25

26

Jun

10%Jun

7

23

15% Dec

14
13

98"

Sep

Jun

23 % Jun

Jun

14% Jun

14

*

(A

17% Jan

'

NOV

104% Jun

•3% Nov

5*

«6% Mar

May

8%

97% Jun,24
3% Jan
3

Oct

•39

Feb

45% -Aug

22

Jun

•80

7% Jan

7

40

Oct

Mar

53"% Mar

8% May

>

1

11% Jun

4.20%

f88% Mar

44

Aug

26%?Feb

26

42%

Jan

36

Dec

*

36% Jan

7

40

25% Mar

80% July

29% Jan

5

32% May/5

80% July

28% Jan

3

34

62% July

% Jun 14
32% Jun 13

49% Jan

43%

Feb

.23% Feb

61

Jan

Dec

73

Jan

60

66% Feb

9

4

>

'4

163

Dec
Feb
Dec

20% May
7% Jun
•8% May
73
>Jan

4

Mar 22

5

Aug

68

Jan 24

>

Jan

24

Feb

7

Jun

22% Jun

13

6% Jun

>20%

Feb

30%

7%

Dec

14

May

«1% Mar

74

May

16%

Feb

21% Aug
25
Nov
19%

Dec

28% Oct
17% Nov

104

Jan

29%

27% May
109%

97%

Feb

Oct

5

'

13

82

Jun

13

18% Jan

3

98 y4 Jan

3

Oct

109

Jan

4

Jan

73

Jun

55

Jun

13

Feb

53

589%

Feb

-

oct

Jun

07% Jun

60% Jun 13
Jun

96% May

*
4

Oct

12

Jun

9
14

40

'Jun

7

41% May
15% May

X27

Jun

15

11% Mar

10% Jun

13

82% Mar

89% Jun

35% Jan

3

M

97

94

6

Feb

88

Feb

36% Nov

Feb

23%

Dec

12%

Feb

9% Dec

18%

Jun

86% May
16% May
18

Jan

24% Jan

3

9% Jun

17

Dec

11% Jan

-18% Mar
«% Nov
91% Dec
60% Mar

118% Jan

9%
17%
16%
M%

Feb

Jan

18 %

'9% Jan

Jan

20

15% Jan
12% Feb
16% Feb

10
13

6% Feb

7

11% J«n
08% May
70% Nov
120

July
15% May

90

Jan

52% Feb

3

8

10

117

Jan

17

9

Jun

14

Dec

21%

Jun

15% Jun

22

Dec

26% Jun

16% Jun

43

36% Feb

Mar

For footnotes

July
see

page 26




7%

7

27

♦46

49

*53%

J

46

46/

54%

54%

11"%

12

12

29

f

55

11%

j50

29-;..

*29%

41

*39%

♦39%

25

*

31% Jun

94

7% Jan
Feb

24

61
Apr 13
119% Apr 14
11% Jan. 8 1

17% Jan

13

13

19% Jan

7

14

43

May 11

4

1,000
'

21%'

*84

85%

'

*96%

97%

*96%

11

li;,

11

.

:

1,000
600

23%

23%

;

.

*84

85'/a

-

V

10

97%
-

11%

.

3%
>.

J

7%

45

t

14%

54

12

12

29%

29%

.•

29%
41 r

*39

14%

500

»14%

' '"

%

41

"

2,300

4,200

45

45

200

53%

500

12%

GOO

29%

29%

53%

*

29%

*39

300
.

*12;

54%
12

12
* 29

;

7%

46-'

*52

»

3%

7%

32,000

97%

3%

7%

"

97%

3%

*44

;'

41

y3

/

93 "

3%
7%

'

,

45

•/ *53

.

14%

98

14%
98%
-

30%

30%

30%

30%

30%'

29

29

29 V*

28%

29

A

>

Co

-

400

41

♦39%

"

Spear "& Co common—*—*

-1

35%

;

35%

28%

'}

27%

27%

27%

27%

48%

48%

*!!

48

48 t

48 y4

48 V4

*47%

48%

63

60

60

60

60

60

*50

10%

10%

10%

10%

10%

10%

10%

ioy8

3%

3%

3%

3%

3%

3%

3%

3%

STOCK
•

EXCHANGE

*4

CLOSED

4»A

23%

104

18%

84%

,

23%
*109

.,

,
•

*97%
12%

'

7%

18%

-

30

4,200

85 %

.

24%

•-

*111

123%

123%

123%

124

57%

57%

58%

58

•64 y8

21 Va

21 y8

*97 ya

98%

38 y8

37%

38

63%

38

21%

-

38 y8

bi%

b4v8

21 y«

64%

21

■X-

98%
12%

12%

■

27-.

*27%

28

10%

♦ioy8

21%

12%

-9%

38

38%

*97

8%

26 ya
V

9%

:

12%

*27

28

*27

*ioy8

38%

27%

T

*97

98%

27%

27%

10%

10 Ya

10%
*16

^10%

10%

11%

11%

11%

16 V2

16%

16%

16%

16%

10
10%
*16

28 y4

•

18

par

30%

31

31%

*30V2

31

*30%

Corp common!
1
'pref erredNo par

*92%

6%

6%

6%
94

6%
*92 y8

6%
94

300

3,300

31%

6W,

7

*92 y8

94

•

5,800

10%

2,800

-11%

11%

4,800

16%

16%

14%

15

'•

3,400

17%

18

16,600

31%

31%

7

*92%

•

7

58%

58%

*118%

120

*118%

120'/2

9%

9%

9%

10

9%

15%

15%

15%

15%

15%

15%

15%

—25

17%

17%

.17%

17%

17%

17%

17%

18

12.50

*41%

42

42%

43

42%

42%

25

56

119

•

42

56%
118

42

56%
118

56 y2

119

57%
119

57

58%

15%

15%
*17%
42%

600

300

1,300

94

9%

•

200

28 y8

27%

9%

1

-

98%

*97

9%

100

B

Inc

*30%
*92 Va

200

38%

9 %

56

*118

-No par

series

Biscuits

6%
95

'

3,700

10%

16%

17%

12%
28

11%

18

97%

28

10

17%

4,300

41

10

18%

preferred

17,500
;

38%
:

18

'

8,800

64

10%

:

98%

18 y8

■

8,400

38%
22

12%

38%

*97

100

600

58%

'.97%

10%

38%

38 y4

5,900

*40

28

10%

•

140
■"

124

21%

41

17%

4J/a%

24%

"63%

12%

1,500

2,800

113%

38

'

98

*40

•

27

10:

12%
41

*10%

t

98%

26%

*96%

98 V*

*40

10%

37%
99

*97

12%

"I

l

A

•

*'■

85%

.

24%

-

14%

series

80

112

63%
21

120

18%

14%

preferred

14

103%

24

'■

3,900
'

.

18%

112

57 yr

4,400

7%

*102%

14%

4%%

25%
68

18%

*84%

"

123%

200

103 y8

18%

23%

57%

>

28%

14%

common

i

s

13%

111%

123%

3,900

*26%

14%

Sun Oil Co common..L
Class A 4%%' pfd

3%

14

14%

Sunray Oil Corp

68

23%

,123%

1.400

28 y4

14%

!—2N0

•25%

♦108%

;57
S7%
"

500

t.

13%
103

85

84%

6,600

28%

103%

18%

:

-14 ;

-28%

15,300

70

7%

68%

103 %

41

26
1

No par
t—

i
'

V

22%

:

7%

68%

-

"4%

■

*22

:

25-.

7%
68%

13%

••3%.
*67

=

22%

.-

■

24

*40

*97

_5

103,600

40

11%

*3%

4%
70

•

7%

28 y2

»

85

37%

—5

$4.50 series A

Sunshine

24%

24%

.:

14%

Studebaker "Corp
Sunbeam Corp L
Sun Chemical

*

22%

*22

-

11

112

10%

i.—J-20

Stone & Webster

;

'■

'

*67
:

28-

28>

:■

-

•'23%
♦109

27

Stokley-Van Camp Ine common-—1
5% prior preference——

35% t

68 V*

•

•

18%

41.

*40

-

'

\

*3%

;

\

71
.

24

*;

104

*84

4

35 y4
,

4

20%

—1

1

*103 y8

Ol8%

'

-

*22

13%
29

62 %

1
3%% preferred
100
' Stevens (J F) & Co Inc-— „i—15
Stewart-Warner Corp

7%
68

13%
...

84%
24%
111

.

28%

...

,

-

;

*67
i

24
v

7%
68

14
-29

18

No par

23%

-7%

♦103y8

4

22%

.68

13%

•

70

*22

■

*58

4y8

*67

23%

7%

35

..

22%

"22

•

*4

;

.

70

♦67
-

No par

common—L

7,500
9,300
'

60

♦60

convertible

1 Sterling Drug Inc

'35%

35%

27%

29

Inc__

35 y8

35%

Squar- D Co
i
25
Squibb (E R) & Sons ,-common--2_l
$4 preferred
No par

—

%

-

27%

68

$3.50 preferred

hh

hi

A

A

32

48%

-

com

30%
29%

34'A

-No par

Brands Inc

30%
29

48%

1

Nopar

—

31

29%

v26%

100

(AO) & Bros Inc_,

30%
29

'

i

.JNopar

:

A

t

'

non-cum

Sterchl &ros Stores

18
26

173A

*20%

'

*

23%

30%

preferred-;
150
Starrett Co (The) L S
-No par

17% May 17
21% Jan
7

*

21

*23%

28%

7.50

Mobile As Ohio stock tr fctfe

4%

"7

12% Apr 13
17% Mar 14

21

;

10%

7%

' Standard Steel 'Spring common-—1

Jan IB

14% Jan

25

29% Jun

7%

Standard G & E Co $4 pref—No par
$6 prior preferred
No par
$7 prior preferred
No par

24

28% Feb 18

4

July

28% Jun

16

7%

38

Jan

10%

7%

37%

100

11%

3%

42V* Mar 14Standard Oil. of Indiana———25
7
Standard Oil of New Jersey:
25
26% Jan
7
' Standard Oil of Ohio 'Cdmmon_^_10
100
Mar 10
3%% preferred series A—1
100

13

28,200
300'-

-■

100
>

•

11%

14%

57%

40% May 14

20%

„

i

*16%

97 y2

98%

122%

Jan

-

3%

56%

16% Jan IB

98

98 y»

122%

38% Jan

'

*96%

Standard Oil of California—No par

44!

*98

85%

.14%

V
•

74% Jan

13

23% May

11%

,

May 11
67"% Jan
8

36% Jun 14
20

89% May 12

11%

;

Standard

136

121

54 V2

22 % Jun
86
Jun

•

28% Apr 18
121% May 11

4

-♦96%

98

-

21% Jan 10

Apr

*84

3%

Conv 94/50 preferred

'6

17% Apr 25

100

36%

23% Nov

16% Apr

29% May 4
103% Jun 22

86

86

14%

-

10% Mar 31

71% Apr 28

15

*

*97%

$5.80 preferred
Nopar
Spencer Kellogg & Sons———1
Sperry Corp (The)
1
Spiegel Inc common—<
;
:
2

29% Mar 30

5

-

23%

3%

-

13 % Jun

Jun

.21% Jun

Feb

1

23% Feb

23% May
29% Jan

86

m

*

May
24% Jan

13

20%

*23j/8

86'%

Edison—25

Sparks-Withington Co

Jan

64

20%

23%

98 y4

+

California

Spalding

Jan

20%

no%

20%

&

17%

•

20%

*23y8

<

(preferred——-—50

Rights

5%

73

29%

16%

20%

♦96%

100

*98%

2,900
1,000

30%

*29%

1

"

6 % Jan

Dec

•-

22

{

17%

23 y8

Co com_4.50

& G

*29% -.30%
20%
20%

20%
::99

■

14%

preferred

Southern

13% Jan

3 % May 23

99

*16%

3%

Southern Natural Gas QQ—*

26

65%

17%

100

14%

Pacific

13

20 y8

20%

99%
*16%

«

Railway common—Nopar
preferred
100

Jan

45% Jun

12%

conv

20%

>

16%

*97%

Southern

41

July

'

E

20%
99%

_*1

Southern

14

70

31 ,/

22

22

'

•

2%

2%

2%
22

•*

•

7

25 % Jun

Feb

May 31
10% Jun 20

'

t

.7 ;

50% Jun

66%

.

5%%.

8%
!

3

%M*.y31

*29%

"85

„

^Southeastern Greyhound Unes
J5
South Porto.-Rico Sugar conuNo.par

Feb 18

May

.■:*

m

.

5%/ (preferred
*

5
14V$ Apr 26
39% Jan 40

J23% Feb

t

South Carolina

58% May

14

30%

20

100
100

«outh Amer Gold' & Platinum

46% Jun 43

3

16% Jan

*29%

2%
22

23%

Socony Vacuum Oil Co Inc—„—15
Solva«y American Corpr4% pfd—100

5

30%

10

*

4 per share

■

22»/a

16%

preferred
:
43mith & Corona Typewriters^No par

100% Jan 24
4% Apr 16

13

1"1% Nov

Oorp

3%% .preferred
1

8

17% Jan

-

22 *

19%

Smith (A:) & Sons Carpet Co com—20

.

^

22%

♦99

'

r

14% Feb
•96

O)

-

J2%

2%

22%

Sloss-Sheffleld Steel &vIron—_—20
Smith

2%'

2%

22%

♦29 %

15

^

2%"

$ per share

22%

•

No par

Skelly Oil Co
•

4 per Share

"

JNo par

Slmonds Saw & Steel—1

perihare

2%

,—5
No par

Co

'

127% Jan

16% Jun 20

Feb

Dec

Silver King Coalition Mines

Simmons

<

"4 per sfiare

"

24

18% Jun
97

Oct

Feb

18

160

Par

12

May 31

Jun

22%

91

4 per share

10

2,100
60

10,600

15%

1,500

18

2,800

42%

2,000

Volume 169

THE

Number: 4815

COMMERCIAL

STOCKS

Range for Previous
Range Since Jan. 1-

Year 1948

Lowest

$ per share
9

$ per

11% Mar

Mar

$ per

7% Mar 25

235

127

Jiin

share

Jun

.

14

Jan

11

Superior Oil

Dec

19%

Jun

lOVsJun

15

14% Jan

31

Dec

44%

Juu

30% Jun

IT

36

8V4 Nov

16%

Jan

7 V* Peb

25

,36% Jan

27% Jun

14

Dec,

8% Dec

IT

Jan

7

a.

l

25

Swift

International

Ltd

:22

Jan

8% Jun

14:

Feb

21

17 %

Feb

26

Jun

18% Jun

17

24% Jan

7

Sylvania Elec Prod Inc

79

Dec»

91

Aug

81

Jun

13

89

2

3% Jun

14"

preferred—
I
Symington Gould Corp—

4% Mar

7% May

12

Mar

5% Jan

7'

:

-V

Dec

14% Mar
52

3%

Talcotfr Inc

10% Mar

13% Jun

14

17 y8 Jan

Tennessee

67

15% Nov

4]A Jan

19% May

Nov

6

48% Jun

13

55% May
17% Jan

Texas
Texas

Gulf

Corp."

25% May

11% Jun

14

Peb

71%'July

56

Jun

14!

19

Nov

25,

16 Va- Jun

14

Oct

Corp _i

Producing Co

Gulf

Peb

45%

48% May
=';

Dec

85% May

*

10% Dec
X14%

•Jun

16

x8

Jun

13

24

.

5W Dec
Dec.

:12%

Apr

34%

Dec

>

Dec

Apr

i,

7% Oct

-f

■

•

13%

•10%

Feb;
1% Mar,
19% Mar '.
Feb

31%

32% Jun
,104% July

237/«May
55/

102% May 3 '
13 Vo Jun 13

May

13%

Jan

Dec

Dec

•9%

Nov,; V-22% Mat

;
>»,

15% Nov

•'

5% Peb

u

37% Jun
10

10t

Jan

92< v

Jan i.i

<4%

103 j)

.

11%

57%

58

16%

17 Vs

39%

39%

403/4

*37 y4

39 y4

'

'

37%

6V9'

STOCK

;

*12%

i3y4

*123%

4%

4%

48/.

*36%

37%

J

37%

2»%

3

8%-

-

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35.,

87%

11%

12%

4,400

57%

58

2,700

17%

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17

1,600

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40%

40 ya

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3,900

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6%

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1,500

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630

•

100

13'4

I,200

4% "
37%
:

153/4
,

4,100

31% *

2%
'

100

V

1,3%:

6%

30%

12%

12%

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13%

31«/4

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15 y2

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9

13%

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31

29%--aiy4
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5% conv prior preferred.—i—50

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86'4

20%

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11 y4;

if-

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7

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3%,

■

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14%

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20%

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-

35

87%

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32%

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104% 104%,

,

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38

*86% > $7%
3%
3%

■

CLOSED

j

Bearing—_A.„Nopar
Corp
2

Twin .Coach Co

*37
,

1

-'$%

'•35

*34%,

39%

6%: Jam T

13

■

15%

*8

•'

■

20th Century, Fox-Film com—No par "

x7% Mar 14
29%"Mar 14»

12

57%

16%

30%

'

2%

•

15%

:11% :

''

200

3%

"57%

6 %'

30%

-2%'

*86%

EXCHANGE

TruaxrTraerCdalCo_i..—.i__5
i

.

83/4

-ey.

30%

11

Roller

*10

14 y«

13%-

■

30%

-15%

*6

8%

9'A
14%

6

-

,

37%

9

-

30.

15% Jan -43:.

:Jun'20

*4%. Jun

11%

ny4

4%s

*15%

:

\r

11%
68%

10%

•

"

•,-:v-.$0. preferred—J

Jun )13'

101%:May 31

4% Jan'

9,800

39%

127/b-

*36%

..—15

preferted.———Jio*par

TraUBamerica £

;i24y4 May 16
35% Jun 24

24

50%

30%

--1%,

Transue & Williams -Steel.a—Nonpar
Tri-Cpntinentai Corp 'common
1

98%: Jan 13

100% Jun

V 8% May
•32% Jan
'5% ; Dec C
44% Jan

50%

f

30

Tran'seoht*l < A Western Adr Iho-J1—5

Dec

: •Jun >.

50%

-6

5%

.

j

No par

oom

.7% Mair 30'

3:

50 y4

14%

4%

16% Feb i:'€■

32% Jan : 6

•

51

9%

*12%

13% Jun 24 »,

4 *•■

;-19y» Jan.

1,700

50y2

Timken

Marl 0:

12

9% Junll.

29% Mar.

.7 36% Jan

•Dec

14%

51%

14%-:. 14%

43% Mar 30'

19

■> 98% Feb; 10

July

*2%

*14ya

17%

'

-17% July.

24

v

3%
14%

14%

1

preference

$3.75

*2%

*14%

Timken-"Detroit Axle__i——;__—L__5

Jan .10:

10%

40

700

3%

-

37%

a———a-JN0 par
common—

i6% Feb 11

Vi«% Aug

,

>

1

*10

'

191

*10

4.9Q0

14%

8%

No par.
Tide Water Associated Oil com
10

25%: Jan 21

105%Jun
/

t

>

Jan

$3.50

4%'

14%

'

*14%

preferred
LJ—100
Thompson-Starrett Co com..No par

8

4

*2%

39%

*37

4%

32%:Jun 21

82

10%

-4%

2,600

,0%
18%

11%

17%

38%

|l00

;"Co—_i

Thompson ( J: R)—
Thompson Products ,

9

18%
82

1,600

57%

57%

17%

preferred—50

conv

*8%

«

14

11%

56%

—-I--1

11%Jun, 13

;

23% Apr
10% May

Nov iv- / I0f%
,

$2.50.

8%

,82
4%

10

*8i

100

100

73/4
28%

10%
sy2

.

*

11%

common

.lJ

734

28%

«%
19

,

4%-

-

8%
28%

13%

51 %

i Third: Avenue Transit CorpiNo par
SteeP Co (The)
i

13

,3% Jan

2% May 23
23%; May 19
19% Jun 14

Nov

Jan

49%

Thomas

45% Jan "7
89

lo

'

-Mar

•

15

Fair

19
82

*4%

.

1

9

8"%

18%
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_

*7% •

'28%

200

32

50%

14%

conv

Thermoid< Co

6'

14

'

i

•;12% Mar

t9

:7%Febt23

Inc

8%
28%

32

i'

J

—

& Pacific Ry

$1.25

The

8'

Jan

ctfs

*7%
28 %

200

10%

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3%

3%
14

i—
t50c
preferred.;
—No par
Thatcher Glass Mfg Co commoni—5:
$2.4o conv. preference
—No par
'

24

>7% Jan

34% Jun

40

'3.1%

37% Jun
20

7

84%: Apr

Jan

06 '►

2

.1%. Jun 20

Jan

Textron

59% May

Mar

95%

Mar

Texas

7

,'-95J%Jun
-4% Jan

85

17

-

3

6% May 21
31</2 May 21
13y4 Mar 16
8% Jan 19

19

14% Jun

,

Jan

11% Jan

15% Jan 22

17

35

Apr

24Jun

39% Feb V

46

^5

<4%-Jun

15 % May
,10% May
47% Jan

•

19

25% Apr
12%: Jun

Apr 25 5

32 y2

.

4%

*10

10%

♦10

SUlphurx—Nupar
-r.ji.lQ

Sub share

48

-

*4%ZMar 21'

Jan

46%. Jan

5% Dec

7

13*% Jun 24

May

14 %

25%

19%

36

20% May

.

Dec

33 % Feb

*31%

'

82

4%

32%

1,100

131

jf

Pacific Coal & Oil—l

Texas Pacific: Land Trust-r

29

Z

10%

Shares

-83/4

131

*ioy4

„

19%

*81

131

10%

1

9%

18%

-

4%

i,r25
ti.10

Texas

8%
*

"

*4.5

Texas

65% Mar 11*
23% Jan
T

8%
28%

8%

,

.

—^,-5

Co

Jun

47

"

.

4y#

(James)—j—9.

Telautograph

2% Jun

U

.

•

.

9%'Jun 14'

11% May
5% Jun

19

81—

J31

S per share

8%,

*31%

31

*7%

9%

9

135

the Week
*

*8%

•

Sates fw

June 24

share

*10%

,

28%

9

28%

18%

U.L.1
,

»30y«

81

_No 'par

•

*
9 V* Mar

*8

28%

i

com—NO; par

$4

31'

8%

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10%

10%

•

S per

8%

Friday

June 23

$ per share

8%
140

*131

10%

*30

per share

*8%

138

10%

——25

Swift & Co—

8%

*128

June ££

June £1
$

share

8%

Thursday

•

•

S per

10
4:16%

Sweets Co of America (The)

9% Apr 26'
32% Jan

Sper share

(2769). 25

LOW AND HIGH SALE PRICES
-Tuesday
Wednesday

June

_10c
^—25
:—50

of California

Superior Steel1 Corp
Sutherland Paper Co

.

CHRONICLE

Monday

June 18

Sunshine Mining Co

168

15

Saturday
Par

10% Apr

FINANCIAL

'

STOCK

EXCHANGE

share

1?%

28y»

NEW YORK

Highest

I per share

Dec

140

Lowest'

Highest

1

&

U
/»■

k

*9% Dec
V39 ? Dec

12'

Jan

<B%xjan 14
39% Jun "17

'.-Jun.:

9%. Mar \ j
Jun
27%, Feb
V29t%May
57%, NOV ,
',43% Nov

10% FeV

33%* Join

1J03
91

42

13

6

7

Union

Jan

110-

Jun

107

VJan

6

Feb V V88:

Jun

94

Jan

13

Nov

Jan

86 y* Jan

7

Feb

25 y» Jun

13

Oct.

;

90
.

;

79%, NOV
45%

Sep

31%

i38% July
98%, July
'51%;July.
4T%/Jun,

,

Jan

*

73% Jun14
48

.'Apr 16

31

Mar 28

1U

4

Apr

Jan, 13

92

Mar 31

31% Apr / 5
89% Jan 21

51%'Felr'l5
36% Jan

'4%

Range for Preview*
Year 194*

22%

It

share

per share

19

Jan

6%

Feb-

29

Feb-

2%

\V38% "Dec

29% Jun

38 /July
JiS '/aJUly

29% Jan

3

:; 2%,Jun

1'3

40 y4 Jun

13

■T:(55

1

'Jan

•#/«

Feb

4%

19% Feb 16
103% Jun 2Q
4% Jun
6

; <
'

Dec:

3

1

?.i|%,Jan

«2% Nov
41 *

13

61% Jan

"jsejif% Oct

Dec.:;;

27%

10 % Jun

,m

Feb

13

2V4 Jan
3
3% Jun 24

May
May

rDec

ZB&Vz

Apr

45

Jun

22

16%

Feb

28%

Jun

15

Jun

6

37Va

Jan,

48

60

-46% Jun

Feb

58% May

18%

Dec

23

11%

Dec:

34% Jun 22

21% May

x44% Jun

7

18% Feb

24

May

,

9% Mar 23

19% Jun
19

16%

Feb

89

Feb

32% May

101/

,Jun

6

20

18% Feb 11

Jun

94
13

24% May

Mar

7

,26% Mar 30
109

Mar 24

-

74

Feb

26

104% Jun 10

United' Carbon

18

Unite

6

5% Jan
65

Jan

54% Mar

7

12% Jan

United1

23% May 16

U S Sc Foreign

100

20

113%

Jun

X89% Jun

13

166 y2

Nov

179

Jun

175

"Jan

10

183%" May 12

8

Dec

17% May

6% Jun

6

8% Jan 24

54%

Dee

76

19%

Dec

42% Jan
36

11%

43

7%

Dec

39%

Feb

49

Jan
Dec

Dec

94

37%

Dec

49% May

Dec

121
37 %

Nov

63%

Dec

Jan

Jan

27

21% Jan

7

13

21

3

5% Jan
Jan

14

U

Leather Co

S

U S

52% Jan 12

49% Jan 28
59% Feb
4

19% May

25% Mar

8

U

88% Feb

1

82
33

,

Jun

3

Apr 29
Jun 13

112% Jun

Wfc Jun
Apr

13

13

43 '

133

Jan

26

Lines

S

S

129% Mar

140%

Jun

129% Jun

8

17%

Feb

19%

Jab

18% Jan

4

140% Jan 26
21% May 19'

37

Nov

42% May

38% Jan

3

43% Feb 16

4% Mar

4% May

4% Feb 24

5% Apr 28
10% Mar 30

f

8%
85%

>-t

2%

Dec

12% May98% Jun

Dec
Dec

8% Jun
80'

6% Jun

14

Apr 29

2% Jan

4

8

25

Dec

34

Jan.

21

16

Feb

20

Jun

12% Jun 14

4

Mar

19

,

10%

Feb

7%

Dec

Deo

42

Jun

23%

Feb

150

Jun

170
.

May
15% May

70

Feb

3% Feb 25
19% Jan
156
7

.

Mar

Feb

85% Jan

3

22

17
5

10

May

43% Jan

27% Oct
15% May
26% May

9% Jan

3

20% Jun

14

Jan

7
8

Mar 29

7%

Corp

$6

conv

—

10 % May 18

3

55% May 19

11

25% Apr 25
11% May 13

preferred

4%%

the Week

3'/a

3%

Shapes

share

21%
21%
*104y2 105%

3,900

12%

13,500

12%
*6834

70

21%

22

*103

104

200
200

70

900

22
104

.

32%

33

33%

31 ya

*30

31%

*30

•

2,100
2,500

2%

23/4

23/a

2%

46 y2

40%

40%

40%

70

3%
3%

3%

3%

62,400
400

■

"3

33/4

3%

4734

473/4

30

16%
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16%

900

34%

343/4

300

46

46%

46%

47%

13,900

19

19 y«

19

19

1,800

11%

12

19,400

3%

45

45

15%

15%

*15%

*34 V*

3434

34%

35

*34%

46

46%

19y«

19%

11 %

11%,

113/4 ,12*

45 y2

45%

19

19

11%

11% Ml%

20

*

19

♦19%

19 V*

...

.

'r

203/4
20%

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,

46

20%

46

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100

211/a

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96

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179

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15

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393/4

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69

-

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.

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r-

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22

•

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130%
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19%

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41

4%

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9

9%

81

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,

'

400

15 y8

900

*

2,900
1

700

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40 y4

3934

393/4

2,100

56 y2

56%

56%

200

21

21%

2,300

21%
89

.

*86

89

35

3434

35%

116

115%

115%

37%
68%

37%.
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213/4

21%

130 y4

1293/4

37%.

68%

213/4.
130

197/s

*193/4

19%

41

*40

6,200
550

2,800
100

45,900
2,200
800

41.

4%
9y4
81
3

*4%
8%

43/4

166

9%

2,200

*783/4
2%

82

2%

2%
24%

*22%

24%

*22%

*133/a

143/4

*133/a

2,100

24%

143/4

143/4

4%
>22

xl63%

"87/m
55

116

17%

15
.

*13%

166
-

343/4

*163/4

10

1,300

4%

2%,

.

15
,

-

*80

*4>/a

4

*22ya"

2%

*163%
-

i

81—

t

•22 y2

-

*4%

'25%

♦13%

*22

*39%
:

4%
834

2%,

*22%

14%

19%

'

41

*-77.

-

2%

25 '

*13%

J—1

.19%

8.3/4

*22%'"'

com_No,par

130%:
.

f*4% :

4%

130%

*56

37%

2134... .21%

...

19%
*39%

*39 Va. AX.
'I

*6634

68%

130Ly4.

J.9.%*

1954-

.

11534

373%

-2154

130 Va. 130%

87%

34%

>

4

21

21

21

114'/a

38

*67%

<

•

22

-21%

'

34%

115

37%

38%

7%

*85
*

37%
69
1

*177

16%

56 y2

;

20

*7 Va

35%

*114^

19%

16 y2

21 %'
87'/a

Hi.

19%

15%

397/a

35

500

15

*36

35%

7%
45%

163/4

15
*>

8%

21%

30

634
45%

*1534

-

*85,

179%

7

3%

39%

**56

19%

150

500

4,500

92

47

179%

19%

15 Vi

87 y2

213/4

21%
*85

*43

*334

..

16%

"

39%

7%'
39%

,.56

-

15

46

92

93

1834

.

3%

*7%

*

-

*6%

7

*42

19

*334

334

*177

179

*6%

7
46

-

'X 9

k

3%

EXCHANGE
CLOSED

*42

46-

18%

STOCK

*6%

7

6%
*42,

179

179.

*177

5
100

*

100
300

3234

92

tlOO

Salei for

t per

43/4

2034

._4°0

preferred

Friday
June 24
•

*4%

*9534

Universal Pictures Co Inc com—1

200

16

15%

19 -

19

conv

Universal Leaf Tobacco

700

34

46ya

*45

4534

*18%

preferred
—4/50
Universal-Cyclops Steel Corp
.Wl

8%

2s/e-

3%

4%

•

4%.

40»/2

3

3%

ll

—No par

Universal Laboratories Inc..

14

3

45 V*-

__100

—

22% May 19
Jun

2%

*39%

31%
*103 ;

33
31%

*30

2 %;
40%

.-lo¬

-

17% Jan
7
5% Mar 30
170

*32%.

1

*34 y» .35

common—2.Nojpar

preferred

<

49%

*33%

.

**

7%
non-cum
preferred
..—25
United Stockyards Corp,
&.1
United Stores $4.20 non-c 2d pfdi-5

4%

21'4

*4%

*49 V*

34

12%

<

*67% :

104

*103

31%

2%
40j/2

70

2134.

22

104

*30

153/4

112%

United Wall Paper Inc

*68

33 y4

4»%

preferred—_:100

preferred

68 y2

♦103

47

34%

U 8 Tobacco. Co com

12

1

4,200

2,500

49 %"

IO53/4

*104%

..

96 y2

U

78%
'

21%

12%

'

.

78%,

21%

185%.

3 Va

i.10

preferred—

21 y.

21%

24% May 14

Steel

21

'

21

46% Apr 18
72
Mar 17

27%

78 %r

27%

June 28

9534

13

27%

"8a

00

Thursday

21%

13

I2b0

05%

80

$ per share

96%

64% Jan

S

1

-

20%

20% Jun

7%

22s

i2

32%

*4

alOO

common.

200

.

*104y2

2%

1534

No par

pfd series A

*93%

80

i23/8

105

*21%

<"

41%'

*45

U S Smelting Ref & Min com—._5o

37% Jun 17

95%

*33 %

33%;

$ per share ?

4%

3

No par
_1

common

non-cum 1st

21%

•

4%

--

'2%-

7V4

8%

Jan 21

*63%

68

*30-i"-32

-No par

common.:

Co

19,300

109%

36%
109% 109%

♦95%

corn.

preferred

Rubber

'

32%

*40%

49 y4

"June

4%

39%

S

36 y8

i2Vn

1 >'

■

22

32

..—.10

3%%
U

68

-

4%s

Pipe & Foundry Co.———.20
Playing Card Co..
!
10
Plywood' Corp common.
1

4% %
U s

Co

3,200

i36 34

No par

Partic & conv class A..
U

7% Jan 19

•* -

Gypsum Co common.
20
1% "prefCrled
LZ
———100
%%

21%

27%
76%.
49 y*

49y4t
33%.

33%

104%

y. :

y4

14

4

21%

,

No par

U 8 'industrial Chemicals

21

-- -12

"21

'

»

93%

Machinery
preferred—

,121%

21

27%
"

LOW AND HIGH SALE PRICES
/.
Tuesday
Wednesday

■

13

Hoffman

UVe

109%

76%

June 21

93

S

1,500

41

ll'/»

89

76%,

jS per share '-r;

No par

16% May 18
8% Apr 18

38
•

May

137%

57

'

-

-

58
July
37% May..

86

May 25

"

9% May
53% July

22%

U

1,500

8%

40%

UVe

89

•

'27:

"49

,

*32%

10334- 104

S

-

11% Jan

Jan

U

8%.

46%

36%

,

93% :

80

27%.

,

48%

*-

21%

*21%

i—1

w

Securities.

U S

8

15% Jun

21% Jan

Sep

17% Jan

17% Apr 28
3% Jun 13

Jan

••*67

Paramount Theatres wi:„—1

$4.50 1st preferred.—.
Freight Co

104% Jan 20

Jun

-11

.—No par

Certificates of interest

May 17

Jun

Feb

8%

49%

*10434- -105%

United Gas

7

*93

05%
09

.77%, 77%:

,.

33%

—2i

Corp—N9 par
Uig-Whelan- Stores , com—30c

24% Apr 13
23% Apr 18

Feb

4% Dec
17% Dec

share

Improvement Co—/13%
United, Mercb1 & Mfrs;lnci——1

21%:Apr 10

15%

/

S per

7 % preferred.—.
....
—400
United. Electric Coal £qs_—
.^—5
United Engineering
^Foundry—5
United. Fruit Co
_i
i__Nd par

39% Jan 20

10934

109%,

40

*10%

■

United Corp (The)
—1
United Dyewood Cdrp, common.—.1

22% Jan

"108%

June 20

93.50 convertible preferred——100

"3% May

36%

27

Monday,-.

United-Carr Fastener.

3% Apr
45% Apr

36 Va-

*68

t per share

No par

Co—_.J

33% Mar 17'

36%.'

>93%

76%

June 18

$4.50 .preferred 4;
No par
United Board & Carton Corp—
10

•7% Jab 12.

20%

27

26 y4

Saturday

Aircraft Corp comfnon_^__5

United. Biscuit of Amei—

20 y4,

>•108%

95%

'49'/a
33%

convertible preferred—__C100

5%

20%

,

<88 %,

76%

United

23%.Apr 28

38% Jan

,

40%
iiy»

109%.

/

AiriLfnes Incycdmfnon-/*_70
4 Vz% preferred
Aj^.i.100

14%/Mar 29

92%
*

United

,

ll%

-

"

Par

it per Share

11%

20%

-

19y«

8%-

-

*11%

109 y4

-'

»

8%.(
40

.'36'/a,

■

7»%rApr
-9#% Mar

:N6vf

"57%

Spershare

.20%. Jun 13
'104% Jun • 14 *

103% Nov.;
-9% NOV';

1

t.

Lowest

,

30% May

Dec

N*nfe Since Jan.1
Highest

.

Highest

Lowest
$ per

c.

•

40"

36%

""88%.

.STOCKS
;/.*■
NSW YORK: STOCK S >:
EXCHANGE
//■ ■*

,

1

"

19%

"*93%

preferred-——'—;50"

non-cum

-1

36%

Union Tank' Car Co_'_——."—No par

5

•

40

11%
20%

r

Bagr & Paper Cerp_,__No par
Un)on Carbide & Carbon-^
No par
Uri El Co bI Mo pfd $4.50>ser—No par
■v Preferredr
$3.70 series—No par
Preferred $3.50 series—I_Jio par
Union vQi) of Califorhiav—l.4a—25
Union Pafeific>RR Co own—4-^^50^

7

04
,

*11 y«

r.

^8%;-

;

40

39%*,

UnlonAsbestoa&yRubberCO—j—5

.

-"■&/£

8%

I_—-1

Underwood Corp. '.u_iL.4^zJio par

■

21%

: ;• f.

Udyllte Chip *The),

12

Jan

12% Apr
31% Jan

8

80

ji-'l

>

19% Jun 17

■

'

t0% Mar 17
46

■8%-

*^4

43/8

4

4%

y2

22%

22 y2

163%

*163%

165%:
8%

22

8%

55'

8%
54

54

4%

*22%
*164

4%

3,500

22%

200

166

40

8%

-8%

2,800

54%

54%

120

21

21

i

14%

Feb

9%

Dec

21%

Feb

For footnotes

19% Feb

^see page 26.




24

Jan

27

Vanadium Com of America—No par*
Van Norman Co..
_2.50
Van

Raalte

Co

Inc

.10

10%
►20

2034

*20%

2034

203/4

21%

3/4

,203/4

10 y4

10%

10%

♦10%

10%

*10%

ioy2

21

20%

21

♦20

21

*20%

21

1,400

♦10%

10%

400

20%

20%

400

26

COMMERCIAL

THE

(2770)

NEW

t per

f per share

t per share

12% July
19% Dee
85% Dee

15% May
29% Jan

20

3

22% Apr

94

May

85% Mar

5

89

Par

Feb 10

95

Jun

85% Jan

5

90

Feb

48% Jun
96% Aor
14% July
324% July
18% May
117% Jun
23
Jun

33% Jun

Feb

88

32% Deo
Oct

85

7% Mar
Feb

93

14% Nor
109
Jan
15% Deo

Feb 16

10

Jan

13% Jan

6
1

Vick

17'
7
6

11% Jan 21

82% Jun

17

15% Jan

3

87%

*86%

89

Jan 19

20

32% Jan 12

29% Nor

29% May 11

33% Apr

24% Deo
25% Deo

39% Apr

25% Jun

■32% Jan

23% Mar

6

Mar

31

14

9

30% Apr 30

5

preferred

32% Jan

Apr

30

Mar 15

32

Jan

45

Jun

60% Jan 28
14% Apr
9

29% Jan

Walgreen Co common

*93%

6%

6%
83

84

16%

*86y4

89

*86%
*333/4

34%

95

*93%

95

33%
*93%
*83

r-**84

85

*83

16%

1143/4

*93%

85'

300

16%

16%

r

5,700
150

114%-

♦114

:

400

1,000

6%

85

16%
114

'

'94%

*6

85

*16

114

1,700

.

34%

*34

,

6%

-*6%

114%

16

16%
114

11%

6%

6%

6%

114

•

„

89

5,000

87%

89%
33%,

95

16

114%

16

*85%

*86%

#

33%

33%

95%

114

20

.19

19.

19%,

*18%

19%

*18%

19%

*18 %

19%

*27 %

28%

*27%

*27%

27%

27'A

27 y4

900

31%

*31 %

.28%
31%

27%

*31

28%
31%

*31%'

31%-

31%

31 %

300

27

700

*18%

e

25%

28%

"

27

26

•26

28%

28%

*■

31%

*27%

28 3/4

34

25%

25%

28%

Wabash RR 4%% preferred—*-.100
Waldorf System—
—No par

Apr 26,

33%

*82

21%

87%

87%

89

5%

.

21%
*85%

Shares

11%
213/.

*85%

87%

33%

No par

11%
*203/4

11%
21%

*86%

•

'

11%

11%
21

*85%

•

the Week

21%

21

21

gales for

June 24

f per share

Thursday

share

11%

*93%

——100
com

6% div partic preferred—,,..100
Virginia Elec As Pwr Co com
10
$5 preferred
—loo
Va Iron Coal to Coke 4% pfd
25
Virginian Ry Co common—
25
6% preferred
25
Vlsking Corp (The)
—5
Vulcan Detinning Co common
20
7% preferred
20

14

2'7% Jun 23

29

20%

t per

share

11

11%

11%

Friday

June 23

t per share

Jane 22

June 21
s per

share

*85%

3%%

Jan 21

Feb

Co—

Va-Carolina Chemical

17% May 16
118

S per

2.50

96% Mar 16

Jun

118

j per share

Victor Chemical Works common—6

38% Jan 26

Jan

5

Chemical

Monday, June 27, 1949

low and men MLR PRICES
Wednesday
Tuesday

Jane 20

Vlcks Shreve to Pacific Ry com_100
5% non-cum preferred
100

1

91

113% Apr 29
14% Jan
3

Monday

Vertlenteg-Camaguey Sugar Co—6%

38% May
34% May

28% Dee

Jane 18

share

$ per share

CHRONICLE

RECORD

Saturday

Blffcwt

Law—t

■Igfcsst

STOCK

EXCHANGE

Kaoge Since Jan. 1

Year 1948

FINANCIAL

STOCKS
NEW YORK STOCK

■MgafwrmlHa
Lew—t

YORK

&

*32

34

*32

47

*45%

*32

*32

*45

*45

47%

47%

*45

13

*123/4

34

<

27

27

*26%

*27%

*27%

■

20

28%

*32

34

28%
-34

.

W
66

97% Aug
12% Dee

,

100% Apr
xl8% Mar

101

10% Mar

,

Jun

13

xl2

Jun

14

101

Jun

*87% Jun 14

9% Nor

14

May

3
18% Jun 22

32.
Jan
.34% May

20% Jan

27% Aug

12% Deo
16% Dee

20% May
22
Sep
30% Jan
6% May
34% Aug

11% Jun

Dee

13

3% Dee
26
Sep
<280
Nor

86%

14

Jun

2

11% Apr 21

15% Jan 25
5% Mar 30
27% Jan
7

13

xl9% Jun
80

Jan

84% Jan 24
23% Jan 21

May 20
14

Jan

3

Jun

108% Mar 22

119% Jun

113% Feb 25

111% Oct

103% Feb

20% May 14
115
Jun 14
.117

May 2
110% Jan 13

8

113

Jun

107

113

Oct

107

Jun

105

108% Jan 26

100%

Apr 18
Apr 25
101% May 2

Jun

14

105% Nor

103% Jun 13

22% Oct

13% Mar

4

17% Jan 20

38% Feb

51%

Jun

35% Jun 14

41% Jan 24

100% Feb

110%

Jun

May 12

108% Jan 25

16% Apr

i

104

v

•»

26

Dee

15

23%

88

88%

11 Va

11

11%;

19

,183/4

*88%

88%

10%

11%

11 %

Jan

19

19

——3

14%

14%

14%

14%

14%

14%

143/4

,14%

14%

14%

23%

23%

*23%

23%

23%

23%,

23%

23%

23%

23>/4

600

*12%

12%

*12

12%

*12

12%

12%

200

*17

17%

*17

173/4,

*16%

173/4

Waukesha

Co

Motor

5

Wayne Knitting Mills
Wayne Pump Co

12

*17

18

-

12

,—5
1

.

19

19%

*18%

Webster Tobacco Inc

12%

5

12%

12%

12%

12%

4

4

*3%

Wesson Oil to Snowdrift com—2.50

.

•

.

12%

12%

12%
12%

20

20%

19%

20%

193/4

No par

80%

80 %

80%

80%

80%

80%

80

West Indies Sugar Corp,—.
1
West Penn Elec Co com,
No par
Class A
No par

17%

17%

17%

17%

17%

17%

17%

18

19

19%

19%

19%

19%

19%

19%

19%

(4 conv preferred

7%

.

20

*112

115

114%

114%

114%

115

*114%

109

108

108

108

108

113

112

112

*105

107

-102%

103%

105

103

103

*112

*106

:

115

70

260

112%

143/4

143/a

14%

*36

37

37

37

105

105

37%

37

"

105

*1043/4

*104% 106

6%

23.

10%

2,500

23%

300

20%

20%

20%

20%

*20%

21

*20%

21%

*20%

21%

56

57

57

*56

56%

56%

56%
14%

57

57

14

14%

3,800

24%

24 3/4

4,500

Mar 30

7
7

Jan

Nor
Dec

6

Jun

48% Jan 27
89% Jan' 12
27% Apr 26
16% Mar 30

2

13

18% Jan

3
5

25% Apr 11
55% Jun
6

28% Feb

8

11% Jan

May 31

12

19

Jan

10

'

Jun

6

13% Jan 17

18

Jun

14% Jan 14

Deo

79

Sewing Machine com
1
preference.
..No par
preference
.20

conv

-

Wilcox

Oil

Apr

$4.25 preferred

2

14,100

99%

,92
99%

200

22%

22%

*21%

23 %

*21%

23 Y*

*21%

74%

74%

*24%
12%

24%

20

79

74

34% Jan

19% Jun

15

Jun

16% May
May

8

Jan

10

Apr
9% Jan

9

9

24

7

Jan 20

Yale

to Towne

20

Mar 30
Jan

28

Xl9% May

10% Jun

2

14% Jan

6

Jan

7

Zenith

4% Jan

15

Zonite

22V4 Jun 13
3% Feb

*5wLand asked Prices;
y

no

32

9

sales

on

this

day.

20%

20%
55%

*55%

55%

*55%

55%

*55 Va

30

*29

30

*29

30

*29

Corp common.
4%% conv preferred——.

Radio

30

8%

9

9%

9%

9%

9%

9%

9%

93/4

4%

4%

4%

4%

4%

45/8

4%

4%

44%

44%

44%

X42%

4%
42 3,4

9%

9%

9%

9%

9%

,

72

Or

has

70

Week Ended June 24,1949

Saturday
Monday

Railroad

filed

*22

46%

12%

12%

62%

70% '. 70%
*68%
69%
9

61

*63%
*69

—

Number of and Miscel,

Shares

>

782,840

-

:

Bonds

10%

10%

18

17%

18

12%
61

46 %

8%

19%

8%

8%

22

46%

47%,

400
5,500

12 3/4

1,100

*12%

63

*62

63

65

*63%

65%

70'A
68 %

900

♦8%

93/4

800

193/4

193/4

2,400
1,000

70%

70»/4

68%

68

83/4

8%

19%

19%

8%

8%
32

8»A

81/4

*32

130

"30

68%

19%

19%

*8%

12%

*69

8%

8%

10

22

22%
47 %

12%
*61

69

19%

133

*63%

70V4

68%

300

9,700

*130

6IV2

*69

8 3/4

463%

12%

70%

.

65

12%
61%

*63%

68 %

*68

133

*22

22%

8>/4

*32

200

33

32

♦31

*16%

17%

*17%

17%

17%

17%

17%

17%

173/b

17%

400

55%

58%

57%

58 V*

57%

57%

57%

58%

58%

8,400

11%

11%

11%

11%

11

11

nye

11

58%
113/8

23%

24

24

24%

23%

233/8

23%

23%

23%

3%

4

3%

.3%

3%

1,800
2,200

for

company's

reorganization,

3%
a

32%

4

Deferred

32

delivery,

33

*11

Cash. sale,

r

s

233/4
4

,

Special sales,

Transaofioas at the New York Curb

1,200

4

4

wd When distributed,

772.290.

...

■Wednesday
.Thursday
Mday

548 320

730,590
570,635

—

Total

3,404,075

■

2,031,000
2,345,600

$12,456,900

197,000

,

Week Ended June 24,1949

•'

$2,970,900
$2,000
15,000

10,000

.

$1,093,000

1949

$27,000

1948

$1,500

$1,500

2,214,000
2,553.500

$13,583,400

Saturday
Monday.
Tuesday
Wednesday
Thursday
Friday

*

Bonds (Par Value)

-

Domestic

Government
—

Closed

Foreign
Corporate

Total

—

$100,900

$8,000

$227,000
81,000

166,648
217,637

$119,000;
67,000
58,000
119,000

159,075

114,000

234,000

3,0C0

351,000

907,405

$477,000

$412, Q00

$11,000

$900,000

149,540
£14,505
...

Total

Jan. t to June 24
1949

.

Foreign

of
Shares)

14,000'

Week Ended June 24

1948

1949

86,000

28,000

155,009

36,000

1948

Jan. 1 to June 24

1949

1948

—
*

Bonds

.<•

3,116,000
2,729,000

:

Week Ended June 24

Stocks—No. of shares

(Number

Sales

Closed

$306,000
265,000
162,000
168,000

2,851,000
2.565,000

Stocks

Bond

Bonds

Bonds

Exchange

Daily, Weekly and Yearly
Total

Government

Bank

Foreign
Bonds

$2,664,900

'

V. 0. Government
International Bank
;

103/4

*130

46%

100

72

72

173/4

133

65%

900

3,6C0

*10%

22%

8%

20

8%
32

22%
47

•130

68%

9

*19%

133

4,900

9%

9%

9%

*68

*72

*69

United States

Int'l

■

,,'

9%

43%

43

43

,43

2,400

Ex-rights.

Stocks

Foreign

70

133

47%

65

^50

been

22%

12%

Corp—.—No par
Corp—..—.——1
petition

t

*60%

Products

fin receivership.

300

•.

55%

*29

Daily, Weekly and Yearly

■

2,900

*55%

-1

York

Transactions at the New York Stock Exchange

Tuesday

20%

20%
55%

*63%

Young (L A) Spring to Wire.No Par
Youngstown Sheet to Tube™No par
Youngstown Steel Door
—No par

July

20%

30

22%

.21

Mfg Co.

74

6% May

20%

*29

.47

13

35

1,500

203/4

...100

53% Jun

13% Deo

13%

20%

203/8

———10

89% Oct

Oct

24%

13%

134

7

24

73

24%

13

*129%

18

Dee

73

24%

123/4

73

18

12% Jan

15% Feb

74

,24%

123/4

10%

39% Jan

65%

74

24%

12%

103/e

13

48

73 %

24%

13

173/4

30% May 13
16% Jun 17

Dee

2,700
310

74%

8%

—

100

32

31%

24%

17%

Co-

32%

110

21%
107

*55%

stock

exchange

Machinery common .—.—No pax
Prior pfd 4%% series
.106
Prior pfd 4%% conv series—100
Wright Aeronautical
No par
Wrigley (Wm) Jr (Del)
No par
Wyandotte Worsted Co
I

Feb

13

10%

15% Mar 30

Feb 25

74%
*24

13

*102

107

31%

313/4

31%

<32

*102

107

*102

107

10%

67% May 17
72 % Apr
7

8% Feb 25

31%

17%

24
10

*102

32

18

3

Jun

22%

10%

11% Jun 14
X59% Feb

107

31%

(F W) .Co.——10
Worthington Pump to

66

Ex-dividend,

22%

91 y*

99%

22%

17%

6% preferred
Woodward Iron

68

19% Feb
3% Deo

225/o

92%

*9S3/8

Woolworth

69
July
11% Jun

.

22 3/4

92%

99%

*10%

47% Jan 21

96% July

Deo

22%

92%

99%

——10

Co

34% Jan 10

Jan

10% Feb

213/4

92%

*69

2

60% Mar
Mar

22%
92%

21%

Wisconsin Elec Power Co com—,_10

Wilson-Jones

500

99%

9%

4

Feb

243/4

*91%

*44

Jun

94

24%

*99

No pat

44% Jan

81%

143/e
25

91%

closed

Jan

Jun

14%
24%

400

99%

*102

—No par

.

14%
25 %

4%

5

Co

22

64

37

$4

Prior

v-

14

10%

*21%

1

—

128

May

22

White

Co

Jan

25% May

,

Nor

8

Motor

18% May 5
133
Jun.21

X138

58% Deo
58

White

10

9%

25

22%

91%

Wheeling to Lake Erie Ry..
100
Wheeling Steel Corp com—No par
$5 conv prior pref
No par
White Dental Mfg (The 6S).—20

49%

Feb

21%

93/4

14%

14%
25 %

34

*99

Instrument..—..12.50

Elec

Weston

37% Oct

Dec

13%

24%

—

Wilson to Co Inc common—

Dec

X62

Teleg class AJNo par
Westinghouse Air Brake
No par
Westlnghouse Electric com
12%
3%% pfd series A
100
3.80% pfd series B
—100

12% Mar 10

14% Dec

41% Nor

*55

Western Union

15

8% Jun

Jun 2i

13%

A.—...100

x42% Jun 22

;

28

series

Willys-Overland Motors com
.1
$4.50 csnv pfd series A—No par

70,

125

No par

Pacific RR com

Preferred

8
7% Jan
56% Jan 13

6

88% Jan
.

non-cum

Western

30% Apr 20

4V< Jun

900

34y8,

34'/«
*22

53% Jan

65% May
17% May

Mar

12%

73

7%

34 ya

34

10%
■'/

107

13

12

6% Mar

69

Mar 30

19% Jun

Feb

33%

24

27

29% Jun

July
31% Nov

33%

2,600

*22

7

126

*33%

6%

6%

23

21% Jun

Jun

33%

6%

6%

*213/4

97% Jan 28

23% Mar

Supply Co.——10
Maryland Ry com
..100
2nd pfd—.100

G%

6%
10%

34% Jan

13

12% Jun

6%

23

17

May 31

loo

6%

10

106

10

4%

68% Jan 26

20% May 31

57% Oct
92
Jan 1
27% Jan
24% May
22% July

6%

1,500
300

.

22%

30

13
6

21% Jun

1

590

*102% 103%
14%
14%

103%

*14%

107

10%

101% Jan 26
26% Jan 11

.9% Feb

51

13

May

Air Lines Inc

Western

180

112%

112 %
*106

107

103%

113

115

2,200
12,600

\ 107% 107%

37%

.

*104%

112%

107

610

19%

115

15

*14%

36%

*104%

*106

103%

103%
*36

112

107

2,900

18

19%

108

108

112%

112

112

*105%

15

14%
*36

*112

113

*112

1,800

,

80

17 3/4

<

;

113

113

114%

100
,—.—100
West Penn Power 4%% pfd——100
4,20% preferred series B—..100
4.10% preferred series C———100
West Virginia Coal to Coke..—..5
West Va Pulp to Paper com—No par
4%% preferred
100

*79%

80

•107%

•112

preferred
preferred

6%

..

4y8
20

20

;

1,400

12%

4ya

4V'8

19%

19%

2,000

17%

*17

12%

4%

4

4

4%

♦19

19

22%

3

Feb

; 10%

Jun

400

No par
No par

22%

15

Mar

;.9

.

53% Jun

12,800

1VA

11

20

900

110

:

10%

40% Jun
115
July

,Z53
Aug
27% Feb

<

11%

11

1,700

:123/4

88%

.88 Va

88

3,100

7y».

i23/4;

123/4

33%

oa% Feb

Mar

23

>

*87%

23%

23%

;

7y«

;12%

,10

</

Western

90% Jun

13% Dee

x

88%

88%

CLOSED

,23

12%;

104

Western Auto

8
Jan 24

33% Jun
95% Apr

Dee

80
37
83

>-

12%,

7%

:

100
600

Washington Gas Light Co

Warren

29% Apr

101% Jun

Dee

25 •»

20

39% Jun

85% Feb
91% Feb

.

EXCHANGE

12%

*102%

104

22%

,

7%

♦12%

26%

41% Mar 12

8% Feb 24

£1% Jun 14

36% May
74% July

29% Nor

-

5

*12%

*102%

-

■22%

*7

7%

13

263/4

*123/4

,

12% Jan 20

32% May 23

46% May
16% July
38% July

7% Mar

7% Apr 11

Feb 24

5

10% May

22% Mar
25% Nor
58% Deo

*

100

STOCK

7%'

103 I

22%

23

22%

123/4

.26%-

100

46

46

.46%.

.12%.
263/4

'

5% Nor
34% Deo

-

—-—1

7%

♦102%

*102%. 103

22%
7%
12 Va

22%

13

26%

26%

26%

26%

■

Warren Foundry to Pipe
Petroleum Corp

1
7
11
24

16% Jun

114

Jan
Jan

19% July

*113% Apr
103% Mar

Warner Bros Pictures—

17% Jun

3

—No par
—No par

—

3

16% Feb 10
3% Jan

Co

4

14

14

preferred————100

Walker (Hiram) G to W,
Walworth

*12%.

•12%
13%.
26%
*26%
102 V 102

No par

Ward Baking Co common
5% %
preferred—

25

14

26% May

19% Mar
13% Feb
104% Mar

4%

8

25% Feb
22% Jan

23% Jun 20

Nor

22

Jan

94% Feb
12% May

9% Jan

219% Nor

8

23% Jan 21
9% Jan
7
15% Jan 21

1

7

X83% Mar

.

105

May 19

21% Jun

13% May
16% July

8% Feb

.

13

25% Jun

35% Jun
105
Aug
27% May

Dee

28

6

12% Feb 26

15% Jan

-

3,404,675
$1,500

7,630,880

109,782,604

165,295,992

$12,000

47,212,180
531,443,100

$582,289,780

1,098,000
12,456,900

22,627,000

$309,000
780,000
47,765,350
336,242,660

$13,583,400

$24,116,600

$385,096,950

27,000

.....
_

Railroad to Industrial
TOtal




l,477~i00

$442,500
3,192,000

Stocks—No. of shares.

907,405

2,091,385

27,531,03}

41,475,076

$477,000

Bonds
Domestic

Foreign
Foreign

Total

$28,823,000

412,000

$1,180,000
132,000

$17,649,000

government-

5,548,000

corporate—j.

11,000

20,000

1,007,000

5,139,000
1,132,000

$900,000

$1,342,000

$24,204,000

$35,094,000

_

Number 4815

169

Volume

THE

COMMERCIAL

Bond Record
italic

letters

In

the

column

FINANCIAL

CHRONICLE

(2771)

New York Stock Exchange

ct»
FRIDAY

The

&

headed

WEEKLY

-

"Interest

Period"

Figures after decimal point represent

YEARLY

-

Indicate

In
or

one

each
more

case

32d

ttye month when the bonds mature.
of

a

point.

,

LOW AND HIGH SALE PRICES

Range for Previous

GOVERNMENT

Year 1948
Lowest

Range Since Jan. 1
Lowest
Highest

Highest

101.11 May
105.1

101.11 May

9

108.13 Jan 26

108.28 May

" 108.13 Jan

110.23 Mar 11

101.18

Dec

102.22 Feb

102.23 Sep

102.23 Sep

9

Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury

101.7

Sep

101.11

110.23 Mar 11

Jan

101.19

26

—

102.31 Jan
104.9

102.1

Feb

Jun

101.19

Jun

100.24 Mar

100.25

Jan

100.26 Apr

100.23

Sep

100.24 Sep

101.12 Feb

100.16

Sep

101.12

101.7

100.7

Oct

100.27 May

Feb

3

104.9

3

102.26 May
100.7
Oct

101.14

Mar H

Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury

14

Jan

100.23

102.31 Jan

14

102.1

Mar 11

__

101.12Feb

9

9
7

Feb

101.7

Feb

100.18 Jan

Jun

101.2

Mar 22

101.1

„

Feb 21

100.28 Jun

Jun

14

Sep

102.13 July

100

Mar

100.4

May

100.13 Jan

20

100

Mar

100.2

Feb

100.17 Feb

9

100.21

Oct

100.21

Oct

102.30 Feb

9

100.21 Feb

100.31

Sep

,

102.30 Feb

9

»100.19 Feb
101.3

Jun

9

101.13 Mar

101.7

Dec

101.26 May

100.31

Sep

100.30

Sep

101.8

July
101.19 July

Jan 26

101.18 Feb

101.8

Jan 26

101.18 Feb

9

—

100.7

Oct

»

100.16

Apr

—

—

94.10 Jan
94.14

98.30 May
99.30 May

Jan

98.24 Jan

*Bld and asked price.

10

99.11 Jan

5

100.13 Jun

101.1

*

New York Stock Exchange

,;. * Interest

Period

23

♦101.3

101.5

*101.2

101.4

♦104.13

104.15

*104.13

104.15

*104.13

104.15

♦104.13

*109.1

109.4

*109.3

109.6

♦109.7

109.10

*109.7

2%a
2%a

1951-1954

103.15

*103.13 103.15

*103.13 103.15

1956-1959

*110.8

110.11

*110.9

110.12

*110.13

110.16

2%a.

1956-1963

*110.31

111.2

♦111

111.3

*111.4

2%a_

1960-1965

♦112

112.3

♦112.3

112.6

2%s-

1949-1953

*100.25

100.27

*100.25

100.27

244 a
244ft
244ft
244s
244*-

1950-1952

♦101.28

101.30

♦101.28

101.30

<>

103.13

♦101.2

101.4

Friday

the Week

*101.1

101.3

104.15

♦104.13

104.15

109.10

*109.7

109.10

*103.13

103.15

♦103.13

103 15

*110.14

110.16

♦110.14 110.17

111.7

•111.3

111.8

♦111.5

111.8

♦112.10

112.13

*112.12

112.15

♦112.13

112.16

♦100.25

100.27

•100.24

100.26

♦100.24

100.26

♦101.28

101.30

*101.28

101.30

*101.28

1Q1.30

.

•'

101.3

*101.1

■

•102.30

103

*102.31

103.1

♦103

103.1

*103

103.1

*102.31 100.3

1956-1958

<105.8

105.10

*105.9

105.11

♦105.11

105.13

*105.13

105.15

*105.14 105.16

1962-1967

•102.27

102.29

♦102.28

102.30

♦102.30

103

*102.30

103

*102.31

103.1

102.9

*102.7

102.9

♦1C2.8

102.10

.1963-1968

*102.6

102.8

*102.7

102.9

♦401.7

244i

—Jun 1964-1969

*101.23

101.25

♦101.23

101.25

♦101.24 101.26

244*.

—Dec 1964-1969

101.17

101.19

*101.18

101.20

*108.18

101.20

♦101.18

101.20

*101.19

101.21

244s_

1965-1970

♦101.14

101.16

*101.14

101.16

*101.14

101.16

*101.14

101.16

101.13

101.13

STOCK

♦101-.13

101.15

♦101.13

101.15

*101.13

101.15

*101.13

101.15

*101.13

101.15

EXCHANGE
CLOSED '

*100.25

1966-1971
-Jun 1967-1972

-Sep 1967-1972

i

i

1956-1959

*100.25

100.27

*100.25

100.27

*100.25

*103.25

103.27

*103.27

103.29

*103.29

103.31

100.27

*100.25

100.27

*100.26

100.27

♦100.25

100.27

103.3

♦103.1

103.3

♦103.1

103.3

*103.1

103.3

*103.1

103.3

102.16

*102.14

102.15

*102.14

102.15

*102.14

102.15

*102.14

102.15

*105.13

105.16

*105.14

105.17

*105.14

105.17

*105.17 105.20

*104.1

♦103.31

104.1

♦103.31

104.1

104.3

*104.3

104.5

*104.4

104.6

Jun 1959-1962

*101.2

101.4

♦101.3

101.5

*101.3

101.5

*101.4

101.6

♦101.4

101.6

Dec 1959-1962

*101

101.2

*101

101.2

*101.1

101.3

*101.1;

101.3

*101.2

101.4

Sep 1949-1951

•100.5

100.6

*100.5

100.6

*100.5

100.6

*100.5

100.6

*100.5

100.6

Dec 1049-1951

*100.15

100.16

♦100.14

100.15

*100.14

100.15

♦100.14

100.15

*100.13

100.15

-Mar 1950-1952

*100.18

100.19

♦100.18

100.19

*100.18

100.19

*100.18

100.19

♦100.18

100.19

-Sep 1950-1952

*100.29

100.30

♦100.29

100.30

*100.29

100.30

*100.29

100.30

*100.29

100.30

1951-1953

*101.14

101.15

*101.14

101.15

♦101.15

101.16

*101.15

101.16

*101.14

101.15

1951-1955

*101.18

101.20

*101.18

101.20

*101.18

101.20

•101.18

101.20

♦101.18

101.20

Jun 1952-1954

*101.25

101.26

*101.25

101.26

*101.25

101.26

*101.25

101.26

♦101.25

101.26

>ec 1952-1954

*101.31

102

♦101.31

102

*101.31

102

*101.31

102

*101.31

102

.1953-1955

*103.20

103.23

*103.20

103.23

*103.20

103.23

•103.21

103.24

*103.22

103.24

1950

Bank

Friday

♦100.11

100.12

♦100.11

100.12

*100.11

100.12

♦100.11

100.12

♦100.11

100.12

for
1957

♦100.8

100.12

*100.8

100.12

100.11

100.11

100.13

100.13

100.14

100.14

1972

*101.8

101.12

♦101.8

101.12

*101.14

101.18

•101.13

101.18

♦101.13

101.18

due June 1949-51

called

June

15

at par,

FOR

2%

WEEK

due September 1943-51 called Sept. 15 at par,

ENDED

JUNE

a

Odd lot transaction,

Friday's

or

Bid & Asked

Low

High

Range Since

Sold

■

■

i

No.

Low

^\

BONDS

Jan. I

New York Stock

Interest-

.

Period

Exchange

Last

or

-

.

Bonds

Friday's

Low
1

3%« Series No. 15-.
.1980

!

J-D

105

53

,'8 105%

104

107%

63%

J-D

*62%

3%s Series No. 17_.

J-D

J-D

*59

2

3%s Series No. 19-

J-D

3%s Series No. 21—

J-D

3%s Series No. 22_.

J-D

3%s Series No. 23-

65 %

58%

63

65

65%

56

65%

65

60

65

63

~

63

63

;

65

58

*59

63

High

60

—

63

J-D

3%s Series No. 20-

63%

59%

*59

3%s Series No. 18_.

Corporate Stock

J-D

Jan. 1
Low

No.

High

3%8 Series No. 16-.

Range Since

Sold

Bid A Asked

Bale Price

High

New York City

transaction.

Week's Range

Friday
Bonds

Registered bond

r

27,000

24

Week's Bange

Last

8ale Price

1,500

100.27

103.25

*100.25

♦105.13- 105.16

1954-1958

—,

100.27

*103.23

100.27

♦102.14

—1952-1955

*100.25

103.25

♦103.1

-1951-1953

100.27

♦103.23
*100.25

-Dec 1967-1972

.

*101.26 101.28

*101.24 101.26

10-year 244s

12%

(t)

High

1952-1954

Transit Unification Issue—

3%

far

June 24

Low

High

25-year 3s

„
.

Low

High

1951-1955

RANGE
•

BONDS

Low

Reconstruction A Development

May 25

No sales transacted this day.

High

1955-1960

International
i

Low

High

1949-1952

_

9

Low

High

June 23

June 22

June 21

'

Thursday

Wednesday

Tuesday
"

June 20

2%i

Treasury 2g_
Treasury 2s
Treasury 2s_
Treasury
Treasury 2s
Treasury 2s
Treasury 144s.

101.18

Monday

June 18

Low

3%s

Treasury 244ft.
Treasury 244s
Treasury 244s
^Treasury 23
Treasury
2s
Treasury 2s

7
14

100.21 Feb

9

Saturday:

STOCK

3a

Treasury 244sTreasury 244s
Treasury 244s.
Treasury 244s.
Treasury 244s
Treasury 244i
Treasury 244*

102.26 May

100.23

BONDS

YORK

EXCHANGE

105.28 Mar

Sep
Sep

107.4

NEW

65

*64

55%

65

*53

J-D

67%
64

55%

65

3%s Series No. 24-

REptor

T eletype

120

2-2300

Broadway, New York

NY

57

66

64%'.

56%

65

J-D

*59

60%

J-D

*59

59

65
64%

3%s Series No. 293%s Series No. 30-

Members New York Stock Exchange

64%

*62%

3%s Series No. 28-

Telephone

70

*59

J-D

3%s Series No. 27-.

Wertheim & Co.

60

J-D

3%s Series No. 26-

Foreign Securities

J-D

3%a Series No. 25-

J-D

*64

58

65

Brlsbane

(City)

8

J-D

f 5s

1957

Sinking fund gold 5s_
Sinking fund gold 6s

1-1693

Canada

(Dominion

of)

1958
;

Agricultural Mtge Bank
5 AGtd sink fund
AGtd

sink

fund

1947

6s

1948

Akershus

(King of Norway) 4s
lAAntloquIa (Dept) coll 7s A
jAExternal

f 7s series B

s

lAChlle

(Colombia)-?

6s

*61

A-O

62

62

A6s

81

93%

41%

40%

41%

7

37%

41%

1945

AExtl sinking fund
A6s assented

J-J

41%

41 %

41%

5

37%

41%

ARy external

37%

41%

§ A External

s

t 7s

1945

J-J

41%

40%

s

f 7s series D

1945

J-J

41%

40%

41 %

7

37

f 7s 1st series

41 %

1957

AExtl

A-O

40%"

40%

41%

12

37%

41%

A 6s

40%

40%

40%

5

37%

40%

s

AExternal

sec

AExternal

sec

Antwerp
Australia

f

series C

7s

2d

series

1957

f 7s 3rd series

s
s

1957

(City) external 5s
1958
(Commonw'lth) 5s of '25-1955

A-O
A-O

*40%

41%

3

43

37%

41i/a

J-D

103

103

103%

16

95

103%

J-J

102%

101% 1021/4

64

99%

103 %

10-year 3%s

1956

F-A

94%

94%

94%

22

90

97%

10-year 3%s

1957

J-D

94%

94%

94%

31

89

95%

20-year 3%s

1967

J-D

90%

90%

91%

14

85%

92%

20-year

1966

J-D

92%

92%

93%

23

1962

F-A

92

09

92

3%s

15-year 3%s
Belgium external 6%s
External
External

lABrazil

s

s

f

1949

f

external 8s

Stamped pursuant to Plan A
(Int reduced to 3.5%)

106

1955

7s

(U 8 of)

J.J
J-D

1941

J-D

118

1978

102%

112

115

119%

28

-

Stamped pursuant to Plan A
(Int reduced to 3.375%)
_1979
AExternal s f 6%s of 1927
1957

80

A-O

50%
*65

J-D

48%
*65

30

68%
49%

30

'

A7s

(Central

Ry)

A-O

1952
1978

J-D

funding bonds of 1931 due__1951
Stamped pursuant to Plan A
(Int reduced.to 3.375%)
19,79

47%

43

51%

51%

53

*46%

49

15

AChllean

45%

54

AChlnese

(Plan

B)

3%s Series No. 1

J-D

65

46

*59

3%s Series No. 4

J-D

3%s Series No. 5

J-D

*59

43

46%

53%

5

63

26

34

37%

5

26%
35%

29

*36

-

*36

Sep 1961
1962

M-S

♦27%

30

A-O

*36

a-—

A-O

1963

M-N

*36

M-N

*27 %

26%

J-D

1957

J-D

assented

*27%

1962

M-N
M-N

Cons

Munic

1960

1

(Hukuang Ry)

5s

J-D

36

,

1

' *

For Financial Institution

t,

FOREIGN

69

64%

64%

64%

1

57%

9

1

SECURITIES
'

FIRM TRADING MARKETS

69

*

J-D

*

J-D

*

3%s Series No. 10

J-D

a

J-D

*59

-

72

3%s Series No. 11

64

80

73

72%

69

73

62%

73

J-D

73

mrnrnm

60%
58 %

65

—

58

65

59

—

65

55%

66

*

J-D

*64

64

64

a-w

64

FOREIGN SECURITIES SPECIALISTS
50

Broad

St., New York 4, N. Y.

73

--a

*63

J-D

3%s Series No.

INC.
&

73

58%

„

'

3%s Series No. 13

CARL MARKS

69

58%

67

I

Telephone HAnover 2-0050

29

35%

37%

26 %

"

6%

5%

36%

26%

1

*27%

29

35%

1

27 %

37%

26%

— —

27%

5%

29

34

'

36

M-S

37

26

«...

*36

M-S

1960

1951

7s

assented

29

36

——

37%

26

28%
23

29%

35%

40

29

25

40

*36

A-O

36%

26

27%

*27%

A-O

29

35%

*27%

1961

36%

26%

5

37
29

35%

a- —

*36

J-D

'

■

*36

J-D

29%

25%

——

27%

26%

J-D

37%

35%

27%

1962

assented

26

3

27%

27%

J-J
M-S

-»

71

59

J-D




8

27%

27%

1961

6s

53%

4

3%s 8eries No. 7_

31.

J-J

27%

27%
♦36

1961

54%

64%

3%s Series No. 9

page

F-A

71

64%

3 %s Series No. 8

see

27%

F-A

55

57%

69%

J-D

footnotes

29%

A-O

71%

42%

65%

J-D

For

37%

—

3%s Series No. 2

14

341/4

*36

I

3 %s Series No. 3

3%s Series No. 12

A-O

72

6%

External $ bonds of 1944

28%

■

'

61

A-O

9

J-D

Stamped pursuant to Plan A
(Int reduced to 3.5%)

37

26 V*

1961

6%s

fund

AGuaranteed sink fund 6s

71%

60%

69

35 Vs

2

1957

Bank 6%s

AGuaranteed sink fund

62

51

1

27%

1993

bonds 2-3s___

A6%s assented

A 6s

36%

27 %

1963

A6%s assented

,60%

„

Stamped pursuant to Plan A
(Int reduced to 3.375% )____1979

f $

36 %

M -N

1962

6s

sinking fund 6s

Mortgage

54%

M-N

Sep 1961

assented

A Sinking

A 7a

A-O

f 6%s of 1926

102%

107

117% 118

A-O

s

100%

s

107%

54%

Jan 1961

A 6s assented

Extl

104%

1942

Jan 1961

AExternal sinking fund

AChile

104%

17

106% 106%
*55

Feb 1961

f 6s

assented

A 6s

1021/4

J-J

Feb 1961

6s

sinking fund 6s

AExternal

101

31

102

1960

f 7s

A6s assented

A6s

1957

AExternal

93%

10

100% 100%

93%

84%

9

M-S

1955

6s

85

3

s

101%
102%

•a**

102 % 102%

J-J

1960

M-S
J-J

5 AExternal
AExternal

s

assented

1968

93

99%

7

L01%

101

102%

101%

1942

External

assented

1945

*

A-O

63%

98%

17

100% 101%

*101^

J-D

1960

60%

64

*59

1954

8s

AExternal sinking fund 6s

*61

101

.;

1961

(City)

(Rep)

S A7s
F-A

__

F-A

1950

4s

25-year 3%s
ACarlsbad

Foreign Govt. & Municipal

M-9

69%

*64

Teletype NY 1-971

29

5%

7%

27

COMMERCIAL

THE

YORK

NEW

RANGE

Friday
Interest

bonds

Period

New York Stock Exchange

Last

Sale Price

FOE

BOND
WEEK

4

A 6s Of

A-O

Oct 1961

J-J

J*n 1961

1927

external

f

s

bonds

S

A-O

1970

8 A Colombia Mtge Bank 6Mi8

1947
1940
1947
1952
1953
1951

M-N

,Cuba

1877

__

__

__

A-O

JASinking fund 7s of 1926
SASinking fund 7s of 1927
""Copenhagen (City) 5s
25-year gold 4M>s
ACosta Rica (Rep of) 7s

-

(Republic of) 4Vis extl
.Czechoslovakia (State)—

or

Friday's

Friday

High

Range Since

I

Sold

New York Stock Exchange

F-A

39

*

__

„

39%

32

70

*41

J-D

__

76
__

•

1U8%

to

6%)

External

*

extended

79 M»

79%

27

68%

78

10

63%

13%

14

15

108%'

12 Ms

to

extl

113%

secured

A7s

series

ABllesia

Salvador
4s

extl

f
s

f

3s

X

extl

s

Greek

fund

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fund

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6s

3%-4-4y8s

71
56

readjustment

102 Va

6

■

10

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extl readjustment.—.

-12 y8

46

1967

1949

conversion

4-4 y4-4 y2s

61 Vi

101 Mj

—Jan 1, 1976

part

paid

1964

Irish Free 8tate extl

"Italian

Public

Works 1%
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'Italian

Public

62%

1960

to 3%

*7%

1960

f 5s

s

*8

1968

(Republic) extl s f l-3s
Credit Consortium for

'Italian

3Vis

52 %

extl

readjustment
(City) external

A Warsaw

14

*100Mi

10%

5Vi

8

62%
—

A4 Vis

RAILROAD
A Adriatic

Electric Co 7s

18

1977

30 Vi

31%

16 Ma

*30%

3114

26

"

37

Albany &
Alleghany

Susquehanna RR 4V2s__1975

& Western 1st gtd
Allis-Chalmers Mfg 2s debs
Airlines

16%'

37

Amer

1952

27 Vi

50

28 Va

60

2%s

11V*

2%s
2%s

1957

••

1954

7

V

37%

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.

.

A

of

A

Large

A

1945

1922

(1942 agree)—1963

1904

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to

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1st

New

ass'td

Geraes

(Int
ASec

sink

1

101 Mi

A-O

95%

3%

f

s

to Plan

to

A

A4%s

2.125%)

2008

6Vis
to

1959

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fund

4y4s

/

—July 1995

107%

Q-j

1966

1964

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103

ref

4s

«•

(State of)

1947

'

*

reduced

to

2.125%)

93%
—

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A-O

l24Vi

M-N

124

loan

Stamped pursuant

reduced

lARio de Janeiro

s

f

ser

M-S

102

1961

7s

1947

»

101%

105 Va

96%

97 Va

6

96%

103%

J-J

56

56%

25

47 Va

40

40 Vi

; 5

37

J-J

J-J

*100% 100%

due Dec 1 1995
:_Feb 1 2010

A————1980

ref

&

M

4s

A

ser

D

ser

1985

1951

stamped

30 V2

1951

Extension

1st

3%s

'

J

to

120
96

76%

75%

83 Va

46

49%

45 Va

59 V4

1954

*31

35 Va

35%

^1960

103%

104 Va

98

90V4

98'."

98%

100 V'4

Terminal

1st

4%$—

100%

—;

101% 101%

51%

1957

4s___

—.1952

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53%

50%
100%

.

93 V'4

-

61%
102

9lVs: -99-

105 Vi 105%

5s gtd——I960

102

101%

97%

*102

—__—1955

5s

Elec Power 1st 3s_—*.
Calif Oregon Power: 3 '/as—^

Canadian

National

Guaranteed
Guaranteed

1968
"

2012

Guaranteed

105

Canadian
2004

4%

105%

1957

&

Celanese

4%s——'
-

:

.

Corp 3s debs__.—1
Corp 3Vis debs__

1999




U4Va U4 Va

6

15.

105 % 106

'

106% 106%
113

A

104%

"I_

"

112

105 V'4 105%

x

113%
105 %

115%
107%

106 V2

108%

3

112 V4

113%

1

112

113%

3

113

112

95 Va

95%

96

107 V2 107 Vz

•

10

105V4

106%

57

93%

101 Va

2

107 Mt

108%

59%
103 Va 103 Va

6

101V* 101 %

—

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*101 Va
*75

—

80

of

lACentral of N J gen gold 5s—

registered

General 4s
a 4s

page 31.

Mi.

—

—.—

a 5s

103 Va

95%

Adirondack Ry—
gtd 4s

1999

2012

10

"

Georgia Ry—
1st mtge 4s ser A
Gen mtge 4V2s ser A__—^Jan
Gen mtge 4%s ser B__—Jan
Cfentral Illinois"Light 3%s__—

-1930

99 Mi 100%
102

97%

^

3Vis debs (1947 issue).
5 A Cent Branch U P 1st gold 4s„
Central

A

105

4%s——__i_.
4%s—;

deb'Stock (perpetual)
Clinchfield & Ohio 4s__

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•

,

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Celotex

2001

•

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96%
,

.

conv

Carolina

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gold 5s_.l—___Oc
gold 5s

gold

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<

gtd 5s A„

gold

Guaranteed. gold
Guaranteed gold
Guaranteed

1960

A

cons

1950

see

104

104

,1968

99%

-

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(Jut reduced to 2.5%)
For footnotes

90

75%

—July 1970

California

1940

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%

*83%

99%

1999

|ASan Paulo

■j

84

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Canada Southern

A

i

1955.

97

A

(Int reduced to 2.375%)
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(Int reduced to 2.5%

*80

1967

»

2012

2.25%)

)

series AC

Bush Terminal Bldgs

-

to

5s

1953

to Plan A
reduced to 2%)

reduced

mtge

Consolidated

1948

A

i

99

101%

101

2001

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:

99 %

97%
5

A

7s 1967 stmp pursuant to
Plan A
(Int reduced to 2.25%)
2004
(City of) 6%s
1952
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1952

.

97%

!0

Maine RR—

&

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;

f 5

99 V4

1961

Bush

;

1

98%

101% 101%

.

2000

to Plan A
(Int reduced to 2%)
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'

1976
—1979

Gen mtge 2%s
1976
Buffalo Niagara El 1st mtge 2%s—1975.
Buffalo Rochester & Pgh Ry—
r

2001

2.25%)—
(City of) 8s

ARome

'

98%

*98%

—1970

*101%

Stamped pursuant

i

96 Ms

*103% 104 >/4

———1964

Bklyn Union El .1st gold 5s
1950
Bklyn Union Gas 4s debentures—1969

1961

to

Stamped pursuant to Plan
"

120 V4

Steel

'

Plan A

(Int reduced to 2.5%)
external sink fund gold

(Int

f debentures

s

81

1951

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1963

of) 8s

Stamped pursuant to Plan

,

3Vis

mtge 4%s ser A
A Breda
(Ernesto) Co 7s.;

1968

'Rio Grande do Sul
(State of)—
,«
|A8s extl loan of 1921

4

57%
44%
101 y4

99%

(2%% fixed
contingent interest)—

AInc

1950

Stamped pursuant

A6s

57

115 %

104%

due Dec 1 1995

mtge 5s series II—
mtge 4%a series JJ
'1st mtge 4s series RR.

1958

(Int reduced to
2.375%)
AExternal sec 6%s

I

109

103%

„

102%

126%

J-D

1st

1940

Stamped pursuant to Plan

-

92

122%

j. 4

*102% 103%

Telephone of Pa 5s series C__1960

1st

1960

(Int reduced to
2.375%)

,

53

114% 115

„

M-N

1st

1959

.7V2s 1966 stmp pursuant to
Plan A

1

124%

due Mar 1 2000

income

Creek

Boston

2008

assented

A 4% s assented
APorto Alegre (City

!

81%

84%

..

SAStabillzatlon

s

104 V4

79%

84%

—

103%

80

.

103

102%

*

.

due Mar 1 1996

—

Corp—
Cons mtge 2%s ser I
Cons mtge 2%s ser J
Cons mtge 3s. ser K

•

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x

*102%

to Plan A

A Nat loan
eAl s f 6s 2d
5 A Poland
(Rep of) gold 6s
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;

93%

1967
7s

(Rep of) external 7s
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(Int

19

fixed

4s

Bethlehem

♦lOl'A 107 Mi

1994

ref 3%s series B

APeru

,

{44

'

A-O

1,677

103 %

103Vi 103%

103%

July 1975
(4%

B

ser

series

lien

Con

1957

Stamped pursuant

"

108%

107 V4 107%

J-D

82

96

Bangor & Aroostook RR—

1963
f 5s

s

4s

1st

1965

extl loan

Bank extl

iAPernambuco

'

106%

'

Beneficial Indus Loan 2%s debs—1961

(Int

105%

105Va 105%

92

(3%% fxd & 1%% cont int)„1980
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1963

.

103 Va

105%

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>

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•

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conv

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94
103

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(

1-9
176

103%

1969

G

Series

1953

(Int

97%

97%

J-D

contingent interest)—

and 3%%

Beech

sec

95%

97%

103Va 103%

—

J-D

1957

Ref & gen mtge 6%

1970

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*

101% 101%

1987

deb 3s.-_i_-_—1962

K

sink fund 4y2s

(City)

J-D

96 V4

contingent int) —July 1975
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(2% fixed

&

1958

f external

Municipal
Oslo

5%

M__

-

s

103%

-1982

4s ser A

Series

to 2.125%)—2008
(Kingdom) 3%
1957
(Kingdom of) 4y2s
1956

sink fund

3Vis

101 Va

1961

1995

Series

reduced

'

4s

9L%

4s

Series

-

;

f 6%s

s

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External

97 Mi

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;

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1952

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external

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300

1%

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^Netherlands
,

.61

92%

——'

i

reduced

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97%

92%

debentures—

mtge

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1933
;

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;

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92%

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and

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t

97

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1

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P

6s of 1913

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to 1922 agreement)—:
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t

92

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:■

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i

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1966

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83

77%"'

...

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■

75

76

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July 1 1995
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1963
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:

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Atchison

-

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A
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82

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;

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5

—

8 A 5s Assented to
•

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—

98%

95

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:

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_____1986

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A

due

;

debentures

Amer Tobacco Co

agree)—1968

-

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1968

1890

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104%

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2030
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(1942

104 Va

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98%
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debentures.-———

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Mexico

-

small

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&

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1950
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..

1966

debentures
conv

M-S

—

108

*101V2

A-O

1956

57

—

108

A-O

4s—1998

debs

3s

deductions

41%

COMPANIES
36 V*

*104%

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1951

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.

—

1st

Mexican
-

J-J

Power

1977

7s

1972

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American

7s

mtge 3Vis

Southern

2%s

AExternal

—

Great

Utility—
to 3%

M-N

INDUSTRIAL

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196?

Alabama

40 Mi

AND

1952
3MiS

101%
39%

100 V*

•

1977

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3

assented

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1962

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s

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|

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3

—:

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gold

loan

reduced

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1960

6s

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1

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NO..

2.25%)——J

to

Serbs Croats & Slovenes

15%

104%

.

14

loan

dollar

(Int

79

108 Vi

Range Since

fcjold

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81

74%

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(continued)—

r-Iuced

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47
47

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,

water

extl

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47 %

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or

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1

J-D

7s

a

44

41 Va

„

(State)

78%

35 Ms
42 Mt

' *41

Sale Price

Low

78 %

70

80

*41

__

M-N

M-N

*73'/a
*73'/a

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Week's Range

Interest

BONDS

■

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Bonds

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"jADenmark

RECORD

San Paulo

A 6s of 1928
3s

Monday, June 27? 1949

JUNE U

ENDED

(Republic of)—

t

CHRONICLE

FINANCIAL

Week's Range

Low

Colombia

&

—

registered

—

—

55%
66

66

41%
*

56%
44

108 Va

—

—

62

102%

103 Mi

100

101%

101%

101%

75

75 vi

169

Volume

Number 4815

THE

COMMERCIAL

&

FINANCIAL

CHRONICLE

(2773)

NEW YORK BOND RECORD
RANGE FOR

Friday
BONDS

Interest

New York Stock
'

1

Central

New

'

York

Power

1st & ref
'

'

Last

-

or

Sale Price

3s

Friday'*

Low

Range Since

Sold

High

'

103 %

103'A 103'A

3

f-a

100 y«

looysiooA

30

3%s

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ser

____—_1968

Champion Paper & Fibre deb 3s_
Chesapeake & Ohio Ry—

1965

F-A

_

:

'

">103

J-J

,

100 YB

101%

99%

104 y4

103 YB

•

—

Bonds

Range Since

Sold

J>

ri

High

Jan. 1

No.

Low

High

99 Yb

99 YB

7

97%

j-t

-

48

48

2

46

49%

100% 101

14

100

101V*

100%

F-A

1977

99%

105 y4
101%

100

__

Range
Friday's

J-J

Dow Chepiical 2.35s debs___
J.961
"t§ ADul Sb Shore & Atl gold 5s____1937

101%

__

*101%

or

Bid & Asked
Low

Duquesne Light. Co 2%s—

*101 y4

Sale Price

High

102% 103%
'

Last

Period

New York Stock Exchange
T

Low

A-O

F-A

Week's

Interest

BONDS

Jan. 1

No.

1974

1974

24

Friday
Bonds

Bid & Asked

'

Aug 1 1949)

to

mtge

1

Period

.

series A

(4%%

1st

s

gtd gold 4s_1949

Central Pacific 1st ref
'

Exchange

WEEK ENDED JUNE

Week's Range

*

*

•

-

*

.

'

General
Ref &

«

Ref
*

Ref &
R

&

gold 4'As

1st

Div

A

2d

1992

consol

cons

gold

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1973

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1989

gold 4s_

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1996

4s__

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1996

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impt M 3%s series E
imp M 3%s series Hj.

&

J-J

*109

126%'

'

■

126% 127%

100 y2

'

5

122%

1st
1st

&

1st

-

&

.

1958

...

& ref

ref

series B

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97

101-

97

101 %

105% 105%

30

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ref

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109%
109%

111%

7

109%

111%

a

F-A

99 %-

99 'A

F-A

96

96

y7

34

34 %

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2
,

98%

•

1997

J-J

20

34

cons

1st

cons,

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1985

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1982
_1988

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M-N

inc mtge 4 Vis.:
Jan 1 2038
Chicago Ind & Louisville Ry—

75

74

"120

J-J

.

A Gen

80

j-j
j-j

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58

59%

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55

57

72

95%

102

99%

*82%

83

80

89%

83

80

87%

99

99

j-j

♦

1953

m-S

*9y

1671

mtge 2s ser H

Div

1st. mtge 3y4s.

m-S

*100

120%

80

75%

87

58%

60%

77%

53

J-J

106%

75

118

'-'79

105 V*

103%

104 %

46 Va

Ohio

34

111%, 112%
105

*101

Jan 2015
-1964

mtge 3 y»s ser E.

4st

94%

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a-o

1st cobs mtge

101

21*

a-o

3%s ser F__—___^1990
mtge 3 Vis ser G
2000

mtge Inc 4VaS ser A

1st cons
'

'

Gen

mtge inc conv 5s
mtge 3%s ser B__:
Chicago <fc Erie 1st gold 5s__
Chicago Gt West 1st 4s series A

•

111

*104%

1965

i

:

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Erie Railroad CoGen

111

1970

1st

'

5s stamped

*111%

M-S

4965

El Paso & Southwestern 1st 5s
'•

noy2

22

110% 110%

F-A

1985

mtge 2%s__;
Chicago & Eastern 111 RR—

120%

m-N
J-J

'Ed El HI (NY) 1st cons gold 5s—.1995
Elgin Joli'et & Eastern R* 3%&—-1970

106%

119

J-J

.

1977

East Tenh Va A Ga Div 1st 5s—-1956

11
47

Chicago Burlington & Quincy RR—
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128

99% 100%
100 Va-100 %

53

65%

103

403

10

103%

1959

J-D

1974'

m-S

of deposit
coll trust 6s—____1956

m-S

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104

83

83

*102%

103

__

104%

101%

104

tfoast 1st 4yas

^Florida East

M-N

1961

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103,

"

A 1st mtge 4s inc ser A
A2d mtge 4Vis inc ser A

Jan 1983
Jan 2003

Chicago Indiana-& Southern
;

Chic

Milw

St Paul

Pac

&

4s

J-J

*45

J-J

^1956

37

36%

37

J-J

A

33

!

RR—

"

'

A

51'*

84

21

84

1st & ref 5s series A1

94%

:

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Francisco- Sugar

45%

46%

11

45%
,

—

65

45'A

59

102%

5

104%

•

1st

mtge 4s

A

ser

:__1994

J-J

2nd
'l

mtge conv inc 4 Vis

51

81

49 Vi

40%

41%

44

39

54

Apr

■

__

;r 99

107%
-89%

1951

General Realty

i

a

48

59%

Goodrich

90

35

86%

91%

26

63

r

*__
*

99 'A

106 '<
>

103 ya

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88% - 98%

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Chicago Union Station—
*

,__1994

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1963

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J-J

1st mtge 27/es ser G
1963
Chic & West'n Indiana conv 4s
1952
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______1962
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mtge 23/4S
1975
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;
1978
Cincinnati Union Terminal—

'

75%

J-J

.

v

.

J-J

>

75%-

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77

67 %

72%

102%

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101

103

103

102% 103'/a

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102%

*

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1'

100% 100%

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.

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5s

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•

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&

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■

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&

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& Toledo

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s

104 Va

106 %

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105'A

101%

105

1973

A-O

103 % 104

13

103'/a

106'/2

1977

1st &

A-O

100

103%

1st &

96%
•

'

i

100

100

M-N

40

M-S

A-O

101 %

8

40%

39%

98

98

50%

98

*102% 103 Vi

1st &
1st &

3s

ref mtge

3s

Illinois

100% 100%
107

i

*105

107

-

10
3

Crucible

1

§ ACuba

5Vis

Northern Ry 1st
§ A Deposit receipts
ACuba RR 1st 5s gold—

101% 101%

18

101%

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103%

106 Va 106%

106

97%

*

;

*

102%

41

96%

97%

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121'a

125%

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98%

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■

97'A

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101

98%

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5

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15

94%

17

97%

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4

98%

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96

J-D

102%
102'A

105%

102

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20

101%
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9

79

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47

55

99%

99%

10

103% 103%

5

67'a

-

19 Yb

25%

•

■

•„

■

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j-d

103%

97

99%

.

102%

104

■

1951

J-J

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l1951
.1951

J-J

M-S

1952

A-O

1955

M-N

*__

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70
14

101%

103

24

103%

105%

loO'A

j-j
M-N

101%

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105

y105

1966

A

103

101%

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1955

5s.

103

101'A

101 % 101'A

104%

1953

gold 4s—

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a-o

f-a

81

78

101

101%

4

105

81%

8

100%

103

22

101% 101%

100

105

107%

76

77

88%

j-j

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99'A

100%

102'a

99 Yb

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100

100%
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1st

goid 4s
1st gold

—1950

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Div

1st

gold

3%s

1951

3s

gold 3s—^_1951

ref

100 'A

103%

100

100%

1951

j-j

101% 101%

101 Yb

j-j

*90

101%

f-a

*101'A

102'a

103

101%

101%

92%

99%

—

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1st ref

Si-

103 Ya

104%

1st gold 3V2S___1951
gold 4s
1951

—

Div

Lines

1951

3s

1963

series A

5s

4yas

102%

j-d

93%

93%

94

Ci———1063

series

101%

N Oj-d

86%

87%

1—1963

j-d

81

81

ref

Illinois

102

101%

98%

81

F-a

Joint

102 %

14

*101

M-N
J-D

95

172

3'/2S_^—_——L1952;

St Louis Div & Term

'1st
,•

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102

M-S

lo

mtge 4s ser D^
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65
25

93%

86

5

81

87

103'A

"7
157

101% 102

A-O

-

98%
57

Registered

104

106 Vi 106%

106%

trust

Springfield

98%

103 % 103 %

J-J

—

y«74

__

*100

Western

96%

99%
*104 Vo

t

*102%

111 Cent and

J-D
M-N

%

j-d

104 >A

104%

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j-j

Gold

106%

A-O

<'

104 y8

F-A

M-S

99

Indiana 111 & Iowa

Indianapolis

95

93 Vt

49

47

95%

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1950

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j-j

*__

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100

100

J-D

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100%

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100%

100

95%

100%

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^International Great Northern
Ref

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95

*47

<te

1986
RR—

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30%
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28

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74'a

68%

69%

15

59

a-o

21'A

22

28

20y4

j-j

62

63

10

53%

67

gold 5s series C
1956
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Int Rys Cent Amer 1st 5s B
1972

j-j

63

63

10

53%

67

70%

71

135

67 y8

71

97 YB

100

j-d

Jersey Central Pow & Lt 27/es—.1970

M-S

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a

^,52

79

15

—1950s

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30%
*79J/2

J-J

1st

6s

series

A

AAdjustment 6s

: 36

A 1st

80

——1952
series A

July 1952

A 1st

7

28

25%

J-D

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32

30%

35

1946

J-D

*30

32

31

A-O

1978

J-J

*

1978

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1965

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5s

series

B

697/a

-

26

35

1975

30'A

A-O

71

M-N

*99% 103

D
Dayton Pr Si Lt 1st mtge 2%s
1st mortgage 3s
1st mtge 33 series A
Dayton Union <Ry 3 Vis ser B
Deere

Si Co 2%s debs
..1965
Delaware & Hudson 4s extended___1963
Delaware Lack & West RR Co—
j

Af-N

98%
102%

__

104

*102

101%
91 %

91%

10
7

A

&

ref

M

5s

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Morris

Tr

Delaware
1st

due—*

102'A

91

1st

Power

&

1%

tr

ser

M-N

50

M-N

55

3s

—1973

1977

&

1%
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Lake

Salt

contingent

&

ref 3a

series

A

Second

gold

Detroit Term

&

J-J

Apr

88%
59

J-J

1966

H

M-S

1970

88%

16

87

58%

59

46

58

J-D

77%

14

77%

107%

13

104 Vb

104 % 105%

99%

8

98%

page 31.

*__

96

96

82

j-d

*102

100% 101%

*100% 101'a

j-d

103

101%

A-O

100%

100% 100%

2

100%

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104 %

104% 105'/a

22

103%

105%

5

99%

104%

99%

100%

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104

a-o

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j-j

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—

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*__
98

93

114%

•

114%

52

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12

100%

98

108

108

j-j

"

j-j

*97 Yb

a-o

173

173

173

1964

a-o

103

103

1959

M-S

*1

Laclede Gas Light 4%s conv debs—1963
Lakefront Dock & RR Terminal—

M-S

mtge at 3%s ser A
Lake Sh & Mich Sou gold 3%s

j-d

Koppers Co

1st mtge 3s

1961
—1997

173

101%

103

1%

%

2

112'A 113'a

107%

116

99%

107%

107% 107%

100

105'A

109%
73%

1995

J-D

*68

73

66

J-D

*65

70

64%

1961

M-N

M-S

99%

105%

105%

M-S
J-D

B__1976

77

96%

110

1995

gold 4s

64%

99%

82

2

1961
1961

-4'As unguaranteed
Kings County El L Si P 6s

65%

78%

1958

ser

;

Plain

91%

108% 103%

1982

Tunnel 4'As




106

1993
G

4s

see

104%

106

tAKreuger & Toll 5s ctfs

int)

1st lien

footnotes

103

__

fixed

Det Tol & Ironton RR 2 Vis
For

*102% 102 %
*107

—

debentures

Detroit & Mack

69%

A-O

1993

Edison, 3 'As series

conv

52%

J-D

2018

Gen & ref 2%s series. I
3s

68%

-

<4'A%

(3%

mtge

10

Stamped

contingent int)

Income

48

50

87%

City Power & Light 2%s__ 1976
1st mortgage 2%s
1978
Kansas City Southern Ry 1st 3s__1950
•1st mtge 4s ser A
.1975
1st mtge 3%s series B_
—1968
Kansas Cjty Terminal Ry 2%Sx__4974
Kentucky Central gold 4s
:
1987
Kentucky Si Indiana Term 4'As—1961

fixed

mtge ser A
contingent int)

Denver

50

73%

West RR—

(3%

A

Kanawha & Mich

—

3V8S

AIncome

Gen

1993

Light

& Rio Grande

mtge

84

66

K

96%

division

4-6s

mtge & .coll

Denver

M-N

—May 1 2042

& Essex

Coll

1973

.

99%

104'A
102 Vi

101%

Kansas

C

ser

65

99%

104

102

101 % 101%

91%

100%

NY Lack Si Western div
1st

j

A-O

100% 100%
103 %

99%

96 %
*__

;

;

103 %

95%
103

102% 102'A

20%

L

lines

101%

101%

105%

1946

§A6s series B deposit receipts

97%

*104

Omaha

104%

J-D

rets

61 €

Louisville Div & Term gold 3yas_1953
'

1942

48'a

19%

1978

4s_l

Cairo Bridge

104

1966

43

56%

L

Debenture 4%s

{

__

104

1965

51'A

?

74

56%

gold

Refunding

Refunding

17

J-J

f-

99%

20%

S'As
1st gold 3s sterling
Collateral trust gold 4s

107 %

30

1952

§ A Deposit receipts
§ A 7 Vi s series A deposit

1st

100%

104% 104%

1968
1st mtge 2%s___1975

Baking 3s debs__
Steel 1st mtge 3'/8S__

60

95%

1

A-O

3'As

106

104% 104%

1963

101%

97

16

F-A

t

4S—

gold

York—

Continental
•'

gold

100%

J-D
a-o

t

■

..

RR—

1st

Collateral

F-A

Consolidated Natural Gas 2%s
Consumers Power

Central

105%

1978

1979

■

1

Litchfield

E

1

62

1957

Telep.2%s series A.__1981

1st

;

103%

1977

ser

99 %

Feb 1957

1st mtge 3s series B

103%

M-S

debentures

conv

103 Ya

99%

97%

A-O

j-j

f 5s series A—1962

s

Purchased

M-S

1972

1st

••

Illinois Bell
<

100

101%

*104% 105

3'As_IIIl970

1977

7'

100%

^

»'

1982

4

3

101%
?

,

t

A-O

__1972

-|

10%

12

*98

M-N

197n

income 5s

Extended

ref mtge 2%s ser A
ref mtge 2%s ser B
ref mtge 23/4s ser C_
ref 3s series D___A__

1st &

70%

49

50%

1969

Manhattan 1st 5s A

&

A Ad J

..

Consolidated Edison of New

2%s_—_1976

debentures

Hudson

108

97%
-V

1999

62%

99

101%

i

15

debentures....

90%

'

98%

j-j

J-D

2

105

Conn Ry & L 1st & ref 4 Vis
1951
Conn River Pwr s f 33/4S A
1961
Consolidated Cigar Corp 3'As__.:__1965

Apr

Hudson Coal

•

-

105

1st mtge 3s series L
1st mtge 3s series N

7sy4

94%

— M-

62

98%

j-j

*_.

F-a

75

7%

99%

A-O

Hocking Valley Ry 1st 4V2S
1999
Households Finance Corp .2Vis____4970

a-o

1955

86 vt

— —

7

J-J

Jan 2044

;

92%

10

100% 101%

"J-J

——1968

3s

96

■

-

02 V2
87'/a

Vz

78 'A

A-O

1st extl 4s

M

Uth 1st

7%

51

Commonwealth Edison Co—

Zb

inc 4s ser B
Collateral trust 3%s—

;

,

*64

■

100%

6

83

1974

El

-

78

H

System, Inc—

Ohio

94 1

'

10

88

78

*__

M-S

Electric Corp—

Sou

97

97%

88

Feb

Hackensack Water 1st mtge 2%s—1970

1___1972

debentures

^

-

52 %

*101%

1973

93

'

Co—

*

123%

118%

4

93

*92%
78

A-O

1959
-

93

Feb

86%

Corp—

debentures

iiov2

120>
116

83%

*105%

1971

-

—^—

Gen mtge

3s

,

debentures

B__i

ctfs

-

68%

F-a

1964

108%

-4

20,

117% 118

J-J

66%

J-D

1980

Debentures

1st rnnrtsraee

102%

■

:

6

122% 132%

— —

j-J

54%

105% 103

1961

108% 108%
t

T

"J-J

34

J-J

t

'

"

-J-J

99

*—

JQ50

100%

'

45

69

87

99%

30

-

56%

M-N

.

.1st mtge & coll tr 4s_

Columbia

79

Bay Sir West

Gulf States
*

95

83 %

19701

Ry—
(stamped modified)
&

92

mtge 3%s ser
Geri mtge 2 Vis ser
Gen mtge 2%s ser
Gen mtge 2 Vis ser

51'/2

51%

1990

66%
*__

Southern

Fuel

99

5

95

1982

Union Terminals
1st mtge 5'As series A___
1st mtge 5s series B
1st mtge 4Vis series C

Columbia

J-J

:

Cleveland

4Vis

20

108%

•i

J-J

54 34

56

coll trust 4s

& Pittsburgh RR— t.
Series D 3%s gtd
Cleve Short Line 1st gtd 4%s_

'Colorado

J-J

_1991

1st 4s,

■"

66%

J-D

1977

Cleveland

Si

J-D

1993

>,

Colorado

*80

E

Cleveland Electric Hlum 3s
1st mortgage 3s

J

J-D

1067/a 111

100 Ve 100%

Louis Ry—

impt 4Vis series

Wab

95

___1993

series

*109%

F-A

J-D

1961

gold 4s

General

F-A

1966

;

—1990
0____
.—2000
P__:
..1982
Q—
2010
R__:
r.—1961
deb ctfs A__.
N:.

ser

4st Si ref 4s series B
1975
Gen.mt&e inc bs ser A„—July 2015
1st & ref 3%s seris Di
—1969
..

1974

City Ice & Fue] 2%s debs
City Investing Co 4s debs

h

J-J

'Gulf Mobile & Ohio RR*-V

101\

102%

J-J

3'/a 8

Gen

a

,

1st mtge gtd 3%s series E
1st mtge 2%s ser G
;

'At

J-J

—1976

Greyhound Corp 3s debs

106%

*

mtge

A Green

104%

102% 102%

*99 % 102 %

C

M-S

_1952

.

General4s series C—.-^-..1973

Gen

*'

69

series B

5yas

82

1

100'a 100%

f

~

102

101 %
-

103

J-J

m-N

1st mtge 2%s_1965

Co

General 4'/as' series D,

103%

101%

..

1

J-J

(B F)

General

■

107%

88%89%

J-D

m-S

Great Northern Ry Co—

107

J-D

•

1969

76

,

-

.^ Utilities.Corp—

4s conv inc debs

49%-

J-D

Memphis Div 1st gold 4s
;1951
Chic Terre Haute Si S'eastern
Ry—
1st & ref M 2%-4»As„
.—1994

65

48

,

7"

r:

103%

90

f

Apr v

mtge conv 4 Vis ser A.Jan 2019
Chicago St L & New Orleans 5s
1951

Va

•;

'»

J-J

A Gen

♦

48

J-J

____

z

10

50 V4

41'A

t

mtge 3s ser B
.1989
Chicago Rock Island & Pacific Ry—
; 1st mtge 4s series
A______J_r___l994

Gold 3Vis

99%

50%

Apr

Jan 11999

1st

.

99 y8

Apr

Gen mtge 4 Vis inc ser A__Jan 12019
4 Vis conv inc ser B
Jan 1 2044
Chicago <fc North Western Ry—

..

97

96%

89%

88

71

105%
89

(k

1st

3%s registered

-—

1968
1997'
1997

112%

j-d

82'/a

j-d

*75%

82 Yb

81

96%

80

74%

90%

3S

THE

(2774)

.

COMMERCIAL

&

FINANCIAL

CHRONICLE

Monday, June 27, 1949

NEW YORK BOND RECORD
RANGE

Friday
Interest

BONDS
New Yerk Stock Exchange

Last

Period

Sale Price

A 1st

Nitrate
mtge

Co

income

WEEK ENDED JUNE

Bonds

Range Since

Sold

No.

High

Low

New York Stock Exchange

DM

.1910

A-O

♦88

92%

1993

A-O

1977

J-J

N Y

Lehigh Valley Coal Co—
5a stamped
.1984
5s stamped
1964
5s stamped
1974
Lehigh Vai Harbor Term gtd 5s—1954
Lehigh Valley By Co NY 4%s ext. 1950
Lehigh Valley BR—
J
4s stamped modified
2003
4s registered
2003
4%s stamped modified
2003
4*4* registered
.2003
5s stamped modified
2003

92

92

♦96

100

—

91%

1

97

99%

101'/a

P-A

..

*78

85

P-A

76

75

76

58

56%

58

—

62%

62%

1

303%

321/4

237

30

411/2

30

30

5

30

40»

P-A

J-J
M-N

32

M-N

M-N

34

96 J/2

78

75

6

93

-

56J/2

72%

Telephone 2%s ser D.
Ref mtge 3*4s ser EL
Ref mtge 3s series FNiagara Palls Power 3%s
Norfolk Southern Ry Co—

—

151

32

6

31

42%

3

35

49%

AGen mtge 5s conv lnc
2014
Norfolk A Western Ry 1st gold 4^1990
Northern Central gen A ref 5s
1974

64%

2

74

Northern

1031/4 103%

19

102%

104

107% 106v8

14

106%

108%

A-O

87*4

87%

A-o

76*4

76%

2009

A-O

98

98

.I960
1955

Coll

MS

1

87%
76%

83%

11

97 %

99%

92%
107%

109%

92%

M-N

*108

Q-A

2047

3-3

lmpt 4%s series

trust

—

series C.
series D

.2047

1st mtge

93%

1st

104

108 y*

109

3

72

85

128

49

112%

105

—

99%

128%

112

106%

*__

»

107%

74 y8

93%
98%

27

99%

•

€6

971%

99%

18

'

if

*•—

64%

54

61%

72%

2

*84 YB

101%

56'%

16

,

*84i/a

A-O

.1978

55%

21

106%

95»/4

581/2

73

97%

98%

953/4

56J/4

551/2

F-A

.1975

88

83

95

1

81

—«»

95

97%

103%

98%

99%

3-3

.1977

M-N

98%

100

M-S

1979

993/4 100

A-O

1979

mortgage 3s

—

74?

US

..1974

3s—

Northwestern Bell
3%s

IOI1/2

1

7

98%

3-3

.1978

(Wise) 1st mtge 2%s_

x

6

72%

♦—

98%

3-3

.2047

4%s

Northern States Power Co—
(Minn) 1st mtge 2%s_
1st mtge 2%s

94

1

-

56%

2047

Ref A lmpt 5s
Ref A lmpt 5s

2003

*

..

Q-P

registered

Ref A

2003

Dlv 2d gold 3s
Atl Knox A Cine Div 4s

3s

50%

MS

Q-J

—

Ian 1 2047

lien 3s.

108*4

A-O

108»/e

.1997

registered

General

106%

MS

Q-3

4s

6

106% 107

,

1963

St Louis

103

104

105%

Pacific Railway-

26%

ii

1975

& ref M 3%s series P
1st A ref M 2%s series G
1st A ref M 3%s ser H

108'%

103

„

4s

.

US

75

993,4

1031/8

*—

1974

22

97%

*•

72

35

69%

6

128% 1283%
ii2ya

«—

A-O

46%

14

«...

108 3% 108%

MS

.1997

ref 4%s series A

lien

Prior

123%

106%

*103

1965

1st

64
120

j -d
P-A

122

106% 106%

—

M-N

1963

A-O

34%

35%
28

6

993%

104

108%

107%

—

*105

US

37%

64%

99

J-J

1980

333/s

*118

A-O

1951

.1981

32%

A-O

Lorlllard (P) Co deb 5s
3s debentures
Louisville Gas A Bee 3%s

P-A

69

97 y2

106%

1

14

*__

J-J

10

35%

63%

96

—

35

14

•

High

50

__

*~

M-N

Low

58

35%

P-A
F-A

Jan. 1

No.

106 '/4 106%

J-J

.1978

N Y

46%

106%

Range Since

Sold

High

*50

>

Bonds

Bid A Asked

*953/4

.1982

5s_

37%

—

A-O

1965

5s_
1st gold

—

.1940
.1943

gold

{A Terminal

j

70%

60

25

{AGeneral

333/«

*

M-N
M-N

Little Miami gen 4s series A
A Lombard Bectrie 7s series A.

1st A ref mtge 3s
Louisville A Nashville RR—

Corp 1st 3%s

—

P-A

Gen A

Lehigh Valley Terminal Ry est 5s_l»5l
Lexington A Eastern Ry 1st 5s
1965
Liggett
Myers Tobacco 5s
1951

1st cons gtd 4s

State Elec A Gas 2%s

N Y Steam

BP mtge 3%s ser A

Range
Friday's

or

J-J

1963
IN Y Susquehanna A Western RR—
5 a 1st refunding 5s
1937
5 A 2d gold 4%s
1«37

,93%

893/4

—

Sale Price

High
N Y A Putnam

.1915

Last

Period

Low

Ltd—
reg

Week's

Interest

BONDS

Jan. 1

Lehigh Coal A Navigation Co—

.

24

Friday

Range
Friday's

or

Bid & Asked

Low

Lautaro

FOR

Week's

97

97

105%

106%

Telephone—

debentures

*106%

M
Macy (R H) A Co 2%s debs
Maine Central RR 4%s
1st

mtge A

4s

eon

ser

1971

A

3-D

Michigan Bell Telephone Co—

68

M-N

debentures

mtge

3-D

MS

1st

107

107

A-O

A-O

■

102%
49 %

101%

81%

j-j

42%
68

67

,

j-j

73J/2

j-j

66 ya

7

42%
66%

1

73%

66%

1

63

—

74

1966
.1977

M.*l0£e l«t gtd gold

P-A
MS

60

MS

82

823/4

20

75%

41%

185

37%

82

82

M -If

82%

1949

M-N

21%

1980

A-O

1981

P-A

1979

4s—1991

83 3/8

75%
20%

75%

833/4

22

50%

12

A Co 3s debs

1958

M-N

2000

l»t gtd 3*48
CSonstr M 5s series A

3-D
M-N

1955

series B

Mountain States Tel A Tel
2%s
3%s debentures

1959
1986
1979

75%

101%

51

70%

M-N

66

"

70%
66

,

M-N

*94'/a

A-O

51%

*104

101

,

,

-

14

70

9

66

.1980

3-D

•

1982

3-D

104%

&

91

100%

series P.

M

3%s

2%s

Tel

A

R

ser

debs

1985

103 y2

97%

99%

MS

105 y2

.1981

1955

98'%

lOO'A

2

1033/e

104%

96

1978
I gold 4%s

incoms debentures—1960

conv

1952

mtge 3s

96

98%

5

953/4

98%

23

100%

103 J/4

10

105 y4 105%

93 J/4

23

US

*103

3-3

A-O

103%

f

s

debentures

56

4%s
5s

Conv

deb

Gen

104 %

A-O

1013/4 1013/4

P-A

114

J-D

96

J-D

/ 973/4

.1981

A-O

86%

86%

87%

.1984

3-3

86>/4

86 y4

87

.1952

A-O

99%

993/4

.1985

J-J

75

75

D

3y*s

series F.

23

.

99 ■

95%

s

20

973%

102%

113'% "116

137

95%

1061/4

91

97%

110

104

86'A

97%, 100%

'

IOI1/2

1003/4

1

1083/4 109

99'/2

1

114

103'%

•

25

.1965

*

B

series

104'%

103

101 % 101%

.1968

series

series

69%

102%

*103

101%

1955

3%s

mtge

22

.1960

fund 4%s.

4%s series EL

mtge

J-D

A-O

103 yen

1041/4'':

52

26

103

RR—

4*48

Gnn

103

105%

100%
104 J%

54%

M-N

96 '/a

103

*1043%

1975

98

57

1023/4 103%

102 3/4

_.

1033/4

95

1

99% 100

A-O

A-O

s

101%

98 3%

1986

1987

debentures

97%

104 y2 104 y2

96

3-D

debentures

General

933/4

104%

ref

General

•'75%

98

103 J/2

97%

General

81 %

66 %

103 J/2

101%

3-D

Cons sinking

583/4

71%

101 J/e

2

1981

23/4s

A ref

3s

102%

51

15

103*2 103%

"Pennsylvania

623/4

53

10

103%

1st

104%

6

101% 102

51

103%

1023/8 1023/4

1023/8

3-D

3%s debentures

'<

88%

50%

103%

103

3-D

Pennsylvania Glass Sand 3%s
1960
Pennsylvania Power A Light Co—

88%

82

104

3-D

A3%s

27 %

13

1063/4
104 J/2

1021%

.1977

Gtd 4s series E trust ctfs

88%

182

50%

82%

40

22

83%

106

102%

Pennsylvania Co—

88%

21%

F-A

3%> 8erles B

75%

82%

MS

1906

82%

105

10

Pennsylvania-Central Airlines—

46%

174

98%

103%

10

..1979

3%s debentures
Paducan A 111 1st

88%

40%

83%

98%

103% 103%
103% 104

103%

3%s

80%

82

*

,

95

8

♦106%

-.1974

3s series N.

Pacific Tel

;

70%

59

3-D
3-D

1st

85%

40%

h,

98%

3-D

1st A ref 2%s series

69%

64

.1966

series K.

3s

1st

87

RR Co—

1979

•• -

1970

ref

1st A ref

743/8

63

16%
103 j/4

96

1033/4 104 V*

104

1st A ref 3s series M.

53%

15

601/2

*_.

,

A-O

1st & ref 3s series L

„

62

63

*60J/2

lO'/e

1003/#

.1971

&

1st

102%

81

62%

A-O

11%

983A

98%

3-D

A—1960

1st A ref 3s series J.

103%

5

73%

F-A

1978
ser

10%

102 % 102 %

.

__

983/4

P

107%

43

423/4

j-d

1975

3%s

1st A ref 3%s serlea I

t

100

98

102%

81

j-j

~

A-O

Pacific Gas A Electric Co—

81

105%

—

51

*39%
*102

102

10%

US

.1975

105%

66

99%

*102%

j-j

1952

4 «f 5s series G
A Conv
gold 5%s ser A
Alst A ref gold 5s series
H
Alit a ref 5s series I

..1974

J-J

100

99%

102%

*98

MS

1978
A—Jan 1967

"

1st mtge 3s.

mortgage

2%s

Alst A ref 5s series F

^Coostr M 4*4b

103%

70

MS

1993

'* ret 6s series A

194§

Oklahoma Gas A Electric 2%s

RR—

A.

General 4s

(John)

102%

4a_

"mtge 23/48

1st

103

100%

69

1967

Prior lien 4%s series D
ACum adjust 5s series

Morrell

100%

2

100"

*100
69

1940

40-year 4s series B

.

M-N
j-j

MS

Minn St Paul A Sault Ste
Marie—
1st mtge 4%s inc ser A
Jan 1971
AGen mtge 4a lnc ser A
Jan 1991
Mo Kansas A Texas 1st 4s
1990

A

97

guaranteed

Ohio Edison

98%

14

*100

1969

IfA Midland of N J 1st ext 5s
Minnesota Mining A Mfg 2%s

1

61

13

105% 105%

105%

IMS

(Missouri Pacific

§ A 1st

91%

98

101% 101%

A-O

—..,1952

2%s

lien 5s series

85%
61

2

fOgdensburg A Lake Champlaln Ry—

Oregon-Washington RR 3s
lggg

Missouri-Kansas-Texas

95

102

101

__

M-N

O

71%

92

61

97%

101%

68

1

88

,

*47

j-j

1951

1st mtge 3%s

Prior

86

__

M-N

100%
10

92

'

.,R*f A lmpt 4*4* series C
1979
Michigan Cons Gas 1st mtge 3*4s.l969
1st

68%

-

92

92

Michigan Central—
Jack Lans A Bag 3%s
1st gold 3%s

*100% 101%

'

„

j-jd

1954

lfanati Sugar 4s sink fund._Peb
11957
Manila RR (Southern
Lines) 4s
.1959
May Dept Stores 2%s debs
1972
Mead Corp 1st mtge 3s
i960
Metropolitan Edison 1st mtge 2%s_1974
3%s

M-N

.I960

B

ser

101%

42

86 J/4

102

102

99 J/e

102

75

87

Peoples Gas Light A Coke'Co—

Nashville Chattanooga A St
Louis—
ser b!
Dairy Products 2%s debt. 1970

l™zlno

wlst mtge 3s
National
3s

debentures

—

1970

National Steel Corp 1st
mtge"3s
1965
National Supply 2%s
debs__
_1967

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New England Tel A
Tel

4s

1954
iggi

New Jersey Bell
Telephone 3y«s
N J Junction RR
gtd 1st 4s

Jersey Power

A

Light 3s

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5s A
New Orleans A
Northeastern

_Ref A Imp 4*4s

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3-D
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A

3

98 3/4

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118

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5

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85%

A

1994

Tb

92-

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4s

Ref A

85*a

T

92%

6

52%

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53%

77

2013

A-O

53%

53%

54%

208

A-O

60%

60%

61%

1997

j-j

71

ZZ1997

70%

71

j-j

A

1995

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ser

J A Harlem gold 3*4s—

1999
1999

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1975

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2043

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f AN Y Ont A West raf 4s

J-J

1961

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101

99%

99

107

107

105

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101

101

1971

3-D

10

99%

ref

2%s

1967

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12

1003/4

ref

2%s_

102%

1974

M-N

1001/2 100%

1

2 3/4 s

991/4

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ref

100% 100%

25

99

100%

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10

1033/4

23/4s

1981

J-D

1st A ref 2%s
15 A Philippine Ry 1st s f 4s
a Certificates
of deposit

1964

100 3/4

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J-J

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105%

•100 %

1978
1937

P-A
J-D

-

101 Va

*7%

95 *4

93

7'%

95

Cons gtd 4s series P
Cons gtd 4s series G
Cons gtd 4s series H

85%

92

Cons

92

97%
95

7%

10

7%

102 y8102 3/8

10

1011/4

*96%

J-D

1957

M-N

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I960

gtd 4%s series L

P-A

*1031/4

—1963

P-A

*108% IIII/4

M-N

*108%

series J.

1964

mtge

5s

series A.

1970

3-D

97

5s

series

1975

A-O

97%

97

mtge 3%s series E_
1976
Plttsb Coke A Chem 1st
mtge 3%s_1964
Pittsburgh Consolidation Coal—
3y2s debentures
1965

A-O

1973

B

81%

643/8

75

',12

52%

Pittsburgh Steel 1st mtge 4y«s
1958
Pittsburgh A West Virginia Ry—
1st mtge 4%s series A
1968

61 *

51%

56%
60 3/4

2

49%

983/4

921/s

•

88

100%
100

90%
15

86%

12

99%

1

99%

*95

62%

mo
100

114

95

63

62%

74

34%

56%

75

34%

—

II31/2

110

"

114%

971/4

3

971/2

19

97

97.,

993/4

J-J

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103

100

103

A-O

*__

3-D

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5

76

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*82

89

10iy4

r

"92

109

81

'

—

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803/4

107%

84%

821/s

811/4

-

O

—

4%s series D.

108'

102

A-O

gen

107

*101

1960

1st

1033/8

109%

M-M

1959

3

921/4
92

J-D

91%

J-D

Pittston Co 5%s inc debs.
1964
Potomac Elec Pwr 1st mtge 3y4a_1966
1st mortgage 3y4S
1977

92%

1977

3-3

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106

F-A

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108

1063/4

108

J-J

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102

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1st

100-

mortgage 3s
Providence Terminal 4s

.1956

100

Public

J-J

100%

100% 1003/4

1

99%

100 3/4

*

107i/8

'

72%

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-

3s

Service

Elec A

1983

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debentures

1963

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ref mtge 3 Wis

1st

56%

1053,4

1031/4
——

77

1st mtge 4%s series B

Pitts Youngstown A Ashtabula
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1962
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1974

101

100

991/4
107%

76

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..

58

94%

MrN

May

73

683A

49%

100

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59%

7

*

10%
10

1023/4

1053/4

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.

,

1023/8

97

--

97

mtge

101%

105

—

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Gen

663/4

81

99%

1953

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61%

96

100

j-j

1973

54

7%

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52

73%

101*4

8

104

88

94%
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ref

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A

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2007
AGen mtge conv lnc 4*4s ser A.2022
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*

M-N

.—2043

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53%
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_1951

B

«

*

P-A

1986

ser P

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P-A

1999

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ht Btgs 3s

1977

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v

F-A

611/2
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88 %

90

1999

.

v.-;

MS

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series A

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3%s registered
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3*4s registered

'

1980

1974

B

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__

1st

93

Ref A lmpt 5s series C
2013
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RR—

«

*104*2

118

103 Ve

deposit

lmpt 4*4s series

P-A

111
"

.16

1013/4

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92

1974

106'%

106

__

195a

•10

General gold 4%s series C
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Philadelphia Electric Co—

102

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*

series

5s

89%

M

50

20

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98

1954

of

117

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3-3

1955

10

11

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88%

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10%

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6

■

1952

C

series

118

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Apr

*

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ext

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105

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1963
1960

Apr 1990

4s

A Income 4s

105%

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Alst
'

103%

10374

1974

A Certificates of
deposit
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.

1

22

M-N

A-O

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101

103% 1041/b
100

1982

lggg

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104

1982

series B
series

84
25

100

A Certificates of deposit

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84

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3-D

1988

(New Orleans Texas
A Mexico Ry—
,

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101

RR

series A

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debentures

conv

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t

Co—

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3s debentures

New

3s

N
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A

ref

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210

56

69%

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A

35%

260

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48%

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25

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13

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75

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&

ref
ref

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1972

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8s

J-J

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4

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220

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100 ¥4

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,

'

A Genera]

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M-S

1959

J-D

NY Power A Light 1st
mtge 2%s__1975
Per footnotes

M-N

J /ie 1992

4s

see

page 31.




MS

101% 102
63/4

7

3%

3%

1

ioov4 IOO1/4

3

3

98%

11%
5

100%

Quaker Oats 2%s deb

;

*100% 101J/2

Volume

THE

Number 4815

169

COMMERCIAL &

FINANCIAL

CHRONICLE

(2775)

'

31

NEW YORK BOND RECORD
RANGE

Friday
Interest

Last

Period

BONDS

Sale Price

New York Stoek Exchange

FOR

WEEK

ENDED

JUNE

24

Week's Range
or

Friday

Friday's

Bonds

Bid & Asked

Low

Range Since

Sold

High

No.

Low

Interest

BONDS

Jan. 1

Week's Range
or Friday's

Last

Period

New York Stock Exchange

Sale Price

Bonds

Bid & Asked

High

Low

Range Since

Sold

High

Jan. 1

NO.

Low

High

U
Jf-N

Reading Co 1st & ret 3He ser D—1998
Reynolds (R J) Tobacco 3s debs—1973
Rocnester Gas & Bee Corp—
Gen mtge 4Va8 series D
1977
Gen mtge 3%s series H
1967
Gen mtge 3 Vis series 1
1967
mtae 3%s series J
1969
t A Rut-Canadian as stamped1949
JSARutland RR 4Vis stamped
1941

85 y2

A-O

104

85 y2

1

"104

10

85

'

93 34

102ya

1st mtge &

3s

M-S

♦118

125

117

1971

117

Oil

2%s

US

1967

*105%

,

J-J

105%

106%

8V4

J-J

1

7%

10

9

9 Va

8(4

9y2

39

8ya

2%s

12 %

debentures

Ref

2%s series C

mtge

United Biscuit Co of Amer 2%s
S Rubber 2%s debs

—

2d

1996

J-J
JS

Jan 2022

Louis-Southwestern
1st

inc

bond

1989

70

8

103

104%.

J-D

100% 100%

10

F-A

102

Jf-S

103%

99%

1966

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84%

85 Vi

89

49

48%

49 Vi

138

M-N

109

108 % 109 y4

44

100

101

91

A
1990
St Paul & Duluth 1st cons gold 4s_1968
St Paul Union Dept 3%s B
__1971
Scioto V & N E 1st gtd 48
1989

J-J

102

91

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61%

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85%

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♦126

91%
10

94%

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93%

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99%

5

101V*

93ye-

100 y4

94%

96

96

75%

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■

F-A

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128

100

1st

106%

*„

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127

128

—■

j

1978

80

!

—

108
__

A-O

—

102%

—1995

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108

Gen mtge 4s inc series A
Jan 1981
Gen mtge inc 4y4s series B—Jan 1991
1st mtge 3%s series B
1971

107% 110
104

80

Apr

104

v

79

99%

99%

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102%. 103%

103 %

*78

.

106

98% 100%

108%

-

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...

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106

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M

J-J

1958

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107%

100% 100 %

1

•

2003

5s

cons

100%-

A-O

gtd 5s_i.

104

"

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Jf-S

——1963

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92

106%

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—

Jf-S

Jf-N

ref

B

series

f 4s

s

Va & Southwest 1st

101

„

■

A-O

1957

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109%

100%

♦106%

A-O

105

8

93

94%

i

1967

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1st & ref mtge 2%s series E—1975

88%

46%

10

100% 103

100% 100%
—

.—1959

Vandalla RR cons g 4s series A—1955

83

1st &

J-J

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<

—

A-O

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86

97

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103% 103%

103%^

76

73

98 %

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ctfs

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100%

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101%

70

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4s

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i

certificates

bond

4s

2d

ioiy2

A-0

1997

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a 2nd
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J-J

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St Louis-San Francisco Ry Co—

17

100% 100 Va

1991

debentures

109% 109%

1976

deb

Universal Pictures 3%s debs

1971

J-J

109%

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us

U

Baguenay Power 3s series A_
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M-N

1970

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of

A-O

1968

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debentures

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U-S

M-N

1975

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104

96

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98

100%

103 y8

106 y2

Seaboard Air Line RR Co—
1st mtge 4s

.1996

series A.

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4y2S series A

J-J

102

J-J

Jan 2016
1966

A-O

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Skelly Oil 2Vis debs
1965
Socony-Vacuum Oil 2 Vis
.1976

'102

J-D

1971

%'l

F-A

Seagram
Shell

Union

South

&

Oil

Ala RR gtd 5s
Tel «fe Tel Co—

Nor

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3s

& Sons 2%s
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(Jos E)

Bell

debentures,

2%s

95 34

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Pacific

1st

4 Vis

Gold

;

F-A

J-J
J-J

mtg 3%s

MS

91
81

Af-N

78 Vi

J-D

A-1975

ser

Walworth Co

94 %

87 Vi

97

98 %

Baking Co—
debs
(subordinated).
1970
Warren RR 1st ref gtd gold 3y2s__2000
Washington Terminal 2%s ser A__1970

97 Vi

F-A

Westchester Ltg

1950

J-D

-1967 *

J-D

1966

J-J

2361

US

55%

2361

MS

53

51

53

Western Maryland 1st mtge 4s
1952
Western Pacific 4*y2s inc A
Jan 2014

A-O

98%

97%

24

„

"•
68

89

81

95

74%

79

94

72 *

>100

1986

J-J

J-J

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West

1961

J-J

1994

J-J

1956

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81

81

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44

A-O

96

95%

97

18

Devel

&

gen

4s series A

Devel

&

gen

6s series A

1956

*__

77%
7

Shore

1st

4s

guaranteed

99

1951

M-S

92%

I960 '

J-J

75

1951 *

J-J

IP'7!

M-S

2%s

107

debentures

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—

A-O

100

110

J-J

*._

111%

104

108

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—1949

J-J

*—

102 y4

102%

104

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1992

1985

A-O

Wheeling Steel 3y4s series C„

1970

107%

106%

-

109%

107 y4

55 y4

99

%s

8

.52%

'

24

49%

98%

50

97%

101%

99%

100%

100

63%

,

62

47

95% 102.
101%

86

1983

Jf-N

1967

40

90

64%

86%

6

100%

101%

10

98%

99%

74

98%

J-J

1958

92%
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90 '/a

M-S

A-O

Spokane Internat 1st gold 4%s„2013

100%

ioo y4 ioo y4

98 %.

98 %

*41

F-A

1966

2

98 %

>105%

Apr

1971

96

19

2Vis

Co

1966

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41

102 y4 102%

J-J

1973

94%.

52

U-N

9

102%

93%

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97

/

V£

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101%

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,

Co

&

^Wisconsin
J
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1st

2

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1973

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95 ye

1972

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debentures

M-N

2.65s

98%
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__

43

i

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98%

,

&

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&

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1990

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2000

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1985

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&

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Pacific

1st

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of New

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a

1960

95

income 5s
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1961

46%

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137

18

28

97%

365

18%

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MS

113

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1st 4s

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deposit—

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37

5

36

72.

1976
1979

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1976

J-J

J-D

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36>
41%,

37

;

78

74%

40

f

46%

49%

95%

97%

101%

101%

104%

106% 106%

%

106%

Elec Lt &

Deferred

delivery sale not Included in

96

*94

S4

94

year's range,

Impaired

by

maturity.

•*

*

V

'V.

,

45%
102

98%

•Friday's bid and asked prices; no saleS being transacted during current week.

100 %

94

98%

,

}Companies reported as being in bankruptcy, receivership, or reorganized under Section 77 of
the Bankruptcy Act, or securities assumed by such companies.
!
...
r

71%

16%

541

the

.

102

41

94

98 Vi

112 y8

,,

!
'

d Ex-Interest, e Odd-lot sale not
Included in the year's range
n Under-tbe-rule sale not Included in the year's range,
r Cash sale
not included in the year's range,
y Ex-coupon.
,
...

101%

100%

46%

16%

J-D

3

104
113

73r':{ 73%

J-J

1971

a

127r

118%

99%

41

100

102%

99

88%

*101% 102

J-J

Adj

96%

10

it--

deposit

2%s

§ Negotiability
J-D

10

113

3%s

Pacific—

Orleans 3%s__ 1974

09

102% 103 Va

73%;

Electric-Power

Yonkers

95

99

99%

3

101 %
106

88%

"

101 il

97

97

117%

99%
104%

Orleans RR—

New

1st &
&

115%
5

26

—

101% 101%
105

101%

97,'

J-J

Terminal RR Assn of St Louis—
Ref

100

100%

133

—

07'

1st mortgage 2%s__
Wisconsin Public Service

Texas

100 %100 Va

*100 SI

J-J

■.

1949'

—

§ASu & Du div & term

102

1960

-

Ry—

§ a 1st general 4s
a Certificates
of
a Certificates of

*

99%
106%

J-D

Sunray Oil Corp 2%s debs

; '

—

55

99%

4

100% 100%

1996

Standard Oil of Calif 2%s debs
Standard Oil fN J) deb 2%s

;

92

106%

,104%

99

*iooyB ioo y2

M-N

1956

Southwestern Bell Tel 2%s debs
3 Vis debentures

-

-

53

May

1951

& gen 6%s series A
Memphis Div 1st gold 5s
1st gold 4s

,

101

45

45

45

104% 104%

*108Ve 108%

St Louis Div

•

87%

*107V8

Devel

A

99 Va

104%

*

104%

1950

Westinghouse El &

98

J95%

89

F-A

30-year 5s

95%
116 y8

81

stpd gtd

A-O

Union Telegraph Co—
Funding & real estate 4V2s
25-year gold 5s

84 V4

111%

—

89

...

Jf-N

'

76 Va

*100%

*104% 107

—

83

65

96%
98%

Western

87%

92%

111% 111 Vi

5s

Registered

92%
101

79%

debentures 3V4s_1976

Gen
mtge 3%s
West Penn Power 3V2s series I

95 y4

84

94%

eonv

M-N

5%s

101%

75

(Hiram) G & W 2%s debs_1966

80 y4

Ward

4 77%

100

*83

1996

Ry

Walker

Co—

RR

6

103 y4

91

27/es series E

16

96%

123

78%
"76 Vi

..

80%

65%

65%,

Apr

96%
123 Ve

89

r

Jlf-N

80%

65
*—■'

Apr

101%

72

1st mtge 2Vis series F
1st mtge 2V4s series G

Southern

,
"

100%

—

*99%

97 y4

,54%

95

56

"102% 102%
97%

1981
1st

Pacific

1st mtge

96

♦__

1977

A

4Vis

Southern

Wabash RR Co—

96

100

96%

*123Vi

102%

1969

San Fr Term

W

69%

Co—

(Oregon Lines)

4%s

Gold

.

Ry 2%S—

56

25

95 Vi

'

Indiana

97

95

*44

A-O

1985

—

96%

; 58%
"

J-J

1994

debentures

83

95

96 %

J-D

1987

2%s

61%

*94'/2

101

1979

Southern

3

59%

61V*

J-J

.1963

debentures

102 %

ABonds

selling flat.

<

i

*

r

NEW YORK CURB EXCHANGE
WEEKLY

AND

RECORD

YEARLY

In the

following extensive list we furnish a complete record of the transactions on New York Curb Exchange for the week beginnnig on Saturday, June 18
ending the current Friday, June 24. It is compiled from the reports of the Curb Exchange itself, and is intended to include every security, whether stock
bond, in which any dealings have occurred during the current year.
:

and
or

RANGE

Week's

Friday
STOCKS—
New York Curb
•

'■

'.

.

ACF-Brill

Wire

Acme

Adam
Aprn

Co

warrants

Alloys

Surpass

Ainsworth

Air-Way
Alabama

Great

Alabama

Power

4.20%

400

4%

200

1%

900

-

•

.

5%

1

\

79%

79%

95 Ve

—100

5%

79%

50

pfd

—

8%

95

95 y8
5

4%

4%

100

'

»

S

Inc

l'/a

300

60
100

1,600

-

&

Allied

Fisher

American

Jan

Class

Jun

32%

Jan

American

Fork & Hoe

American

Gas

3% May
1% Mar
7%

1%

Jan

8V4

5

Feb

Jun

Allied

Products

Altes

Brewing Co

Aliofer

Bros

Aluminum

S3.75

Co

7%

Jan
Jan

Apr

Aluminum

Goods

Ltd

American
American

American

Car

Beverage
Book

.

For footnotes

-100

Jan

American

Hard

American

Laundry

Mar

6

5

Mar

Rubber

3'/a

Apr

American Metal

17'/a

Jan

American

Meter

6V4 May
9'/a Jan

American

Natural

13 y8

Jun

5%

Feb

Maracaibo

American

49 %

47%

50

5,600

45%

Jun

54

97

97

100

93%

Jan

98% Mar

Jan

22,600

High

Mar

15%

6% May

Jun

37%

—

Jan

18%

Jun

6%

Jan

9%

—20

2iyB

Jun

51%

Jan

—25

25

2

200

111

Jan

*

2

Jun

30 Va

75

27%

Feb

31%

Apr

33

25

32%

Jan

34%

Apr

9%
21.

-

_

9%

200

9%

150

20%

Jun

3%

3,400

2%

Jun

21V4

common-

'

Amer

Mar

6 7r

preferred

American

Class

Potash

Gas

3%
34%

Co

34%

21%

23

23

25

_

&

Chem

B

class

A_

Co

class

Co

A

100

41,400

Jun

3

Jun

15% Mar
5'/4 Jan

Jun

10y4

Jan

34

Feb

41

Jan

17%

Jan

25 %

Apr

30

Jun

31

23 Va

900

23%

Jan

28% Mar

21

21V8

1,200

22%

Jun

28 y4 Mar

3J/4

100

20%

Jun

25 y8

%

10,600

2%

Jan

74%

150

:

»

1

%

%

page




—

37

U

€0

1%

Jan

Jun

1%

Jan

60%

60

Jun

Jan

Anchor Post Products

%

1,200

1
—100

Jun

1

—

35%

160

Jun

13% Jan
25 y4 Apr

22%

•

*

—10
Republics
2
Seal-Kap common
Superpower Corp common— _10c
«
$6
series
preferred
American Thread 5% preferred— —B
American Writinsr Paper common8

21%

—

36%

Jan

7%

3%

2
•

Co.

13%

—

1

Co

Products

American

35 Va

——

——

#

Feb

45% May
114% May

33

—25

Co

113

2

American

4%
4,100

Mar

6

—

43%

C

30

——

——.

1

Mach

39%
113

;

1

Mfg Co common—

Jan

2C0

3C0

Apr

Feb

-

43%

common— _10o

95% May

Feb

400

•

;

common

see

Low

6%

—y

■

.

•

common

common

Bantam

*

—100

Mfg

Industries

Aluminum

—l

Corp

5%

5%

Range Since January 1

High

—

—10

com

preferred
$2.50" convertible preferred

5%

—

•

common

preferred

Aluminum

14

Low

6%

_•

common

convertible

92 Ve

Jan

3%

—1

preferred

4%%
$2

2%

—

13%

'

Shares

Light—

Electric

91

•

America

cumulative

&

5% Feb
79% Jun

7

&

——

American General

American
;

■

5
1

common

of

— —

Sales
for Week

Range
of Prices

Jun

lOVa Mar
6%

B

3%

1

Investing Corp_.
(Mich)
common

Power

Jan

-

1

common

Internat

Cities

1%

3%

'

Alles

*

Par

High

Jun

4%

8%

1

Southern

Airlines

Alaska

1%

—

J)

Appliance

Electric

r

Week's

Last

Sale Price

-

1%

1%

5

common
(N

..

4

4

—1
•

Stores

Shoe

Mfg

Low
.

20

1
-mm——

,

STOCKS—

% May
«...

—

34

New York Curb Exchange

Range Since January 1

High

1%

*

JUNE

Friday

10

Inc.

Associates. Inc

Low

,

ENDED

Sales

Shares

_

——1

common

Stores

Hat

m

WEEK

for Week

Range
of Prices

■

wcmm.M

supply Mfg

Agnew
Air

Par

•

Motors

Aluminum

Acme

Last

Sale Price

Exchange

FOR

26'/2

66

3

3 V*

Vz
74%

%
74

4Va

4%

4%

SOO

55/B

5%

55/a

1,000

4%

47/'s

100

__

—

—

—

—

Jan

3% Mar

% Mar
58

Mar

%
80

Jan

Jan

May

4% May

4%

Jan

Feb

6%

Apr

4% Mar

5%

4an

5%

35.

/

CSS*

i

THE COMMERCIAL

(2776)

32

NEW

New Terk Curb Exchange

Low

'

—

Angerman Oo Inc common
Anglo-Iranian oil Co Ltd—
Amer dep rets ord reg—
Angostura-Wupperman
Apex-Elec Manufacturing Co—
Appalachian Elec Pwr 4%% pfd

ENDED JUNE

24

Friday

LOW

High

Sale Price

200

17% Feb

13% Jun

13%

13%

14%

2%

Feb

"5%

5%

5V*

200

5

Jun

106% 107 y4

140

103%

Apr

3% May
8% Jan

%

14,700

38%

Feb

13%

13%

500

13%

13

13%

1,700

"5%

~2% ~2%

400

-1%

2

2Vn

200

1% Jun

3% Jan

Claude Neon Inc common.

8%

9%

17,600

Common class A non-voting—

8%

»%

58,300

5% Jan
5% Jan

9% May
9% May

dincbfleld Coal Corp common..

10%

10%

10%
114

700

10% Jan

10% Feb
114 Vi Mar

9% preferred.—
—
Arkansas Power a Light I? pfd.
Arc

.

114

113%

Jan

6

10

Jun

6%

6%

6%

500

1
-•
1

15%

15 y8

15%

2,500

preferred
Asplnook (The) Corp
conv

21%

21%

1,000

21 %

7%

2,800

6%

Feb

Colonial Sand k Stone Co

Apr

Colorado Fuel k Iron

Associated Electrie IndustriesAmerican dep rets reg
Asssfiated Laundries of America

•
•

Atlantic Coast

1

Fisheries

—

■

mm-m

'

17

~2

«—*•

75

17% '

6,200

2%

2

%

1/64

3/64

—

.,

7% Feb
% Jan

Feb

22% Jan

Jan

'

'

Associated: Tel k Tel class A—

Rights

A Mar

7

—fl

35,700

16%

1 y4 May
1/64 Jun

Atlas Plywood Corp.
Automatic Steel Products Inc
Automatic Voting Machine

50

38

4%

5'/4

13%

U

1

1,200

mm

Avery (BF) k Sons common.
9% preferred
Ayrshire Collieries Corp com

7

8%

—•
Si

Jun

6

.Jan
21% Jan
5% May
8%. Jan

4»A Jan

mi

7

•

Mar

50

23

Jan

10%

23

—

I

10a

a%

23

23

6% Mar
8

Jun

—

Jan

% Jun
51'/*. Jan

Jun

7%

38

—

.1

3'A

Jun

12%

12,900
1,200

4

13%

—50

38%

1%

Atlantic Coast Line Co
Atlas Corp warrants

11% Apr
25
Feb
15%

Jan

—

Airlines

Hotel

47%

34

2,100

35

.

**

7%

8

1

300

8

Banco do los AndesAmerican shares

i

$1.20 convertible A common
Basic Refractories Inc

"3%

•

"3%

,,

25

10 %

Jun

4%

300

4%

14

4% May
8% Mar

9%
.1%

10
1%

200
200

200

6%

6'/a

600

6'/a

35%

Jun

6%

6%

300

10%

100

9

1,800

32%

400

23%

65'/a

100

65

65'/a

360

62

,2%

•

—

Bridgeport Gas Light Co
Brillo Mfg Oo common

5%

5%

100

15%
,3%

16%

2,400

3%

300

Jan

May

3%

1

Jan
Jan

Apr

7

15% Jan.
3% May

18

Apr

6

Jan

22%

15

15

15

700

2Q%

20%

600

•19% Mar

33

British American Tobacco—
Amer dep rets ord
bearer—

Jan

15

Jun

33

Jun

Feb

21% May
'

'

.

8%

British Celanese Ltd—

Amer dep rets ord
reg
British Columbia Power
class A
Class B

1%

10s

10%

1

9%

4%

—18

""7%

1

.

2.B0

Bruck Mills Ltd class
B

7%

14%

10%

2,700

4%

1,300
500

8

14%

100

•

Buckeye Pipe Line

11%

Jan

Jun

11%

Feb

10%

2.00

10%

100

13 %

13%

23%

1% Jun
8% Jun

2%

Jan

10%

Jan

13%

1,400

Feb

7%

Jun

9V2

Jan

20 Vb

Jan

Jan

10%

Apr

200

A

*'•

7,000

2'/a

2%

2%

2,900

11% Mar
Jan

22 %

12 %

Feb

»/„

1% Jan

7

May

5

Jan

A Jun

6%

Jan

4%

12% Jun
6% Jun

7:

12%©

5%

Apr

14% May

A

1

Burry Biscuit Corp

Jan

2

Jun

4%

-•

Bunker Hill k Sullivan
Burd Piston
Ring Co
Burma Corp Amer
dep rets

f

21% Mar

•

Brown Forman Distillers
4% cum Junior
pfd
Brown Rubber Co
common
Bruce (E L) Co
common

■'

Apr

10

Amer dep rets ord
reg.

00s

2% May

1
•

3%

4%

6,000

8

"6% "i%

400

0

7%

100

Jun

8% Mar
5% Jan
7%

6% May

Feb

7% Mar

Jun

22

Mar

22

Jan

24%

Jun

~ly*

7%

Ju n

10 Va

Jan

7%

Jun

9%

Jan

400

1

Jun

1%

Jan

12

May

13%

13%

13%

50

2%

Carey Baxter k Kennedy Inc

2%

2%

900

7%

Carman b Co

Carnation Co common
Carolina Power b Light $5
pfd—
Carr-Consolidated B**cult Co——
Carreras Ltd—
Amer dep rets B ord
Carter (J W) Co common

—

——

Casco

Products common—
Castle (A M) b Co
Catalln Corp of America—

—-

4%
3%

•

•

■

—

■■

-.10$

Central Power & Light 4%

3%

Jun

4%

Apr

4,000

%

Jun

4%

Jan

550

33%

Jun

40%

Feb

Jun

,6%
feo*

6%

400

6%

Jun

60%

2,100

58%

Jan

112% 113%
103% 104

120

109

Jan

104

50

100

Jan

rl/64

*1/64

1/32

58,800

10%

10%

2,300

9%

9%

1,200

74%

1,850

2%

200

34%

6%

•112%

.

.10%
9%

0
10

Ltd

—

1UU

4

73%

;

,

Feb

Apr
Apr

5% Mar

32%

Apr

71%

.

Co

.2%.

2%

II

2%

•

20

IS

20

.

% May
10% Jun

{'e

1,200

32

9%

3,100

7%

4%

5

1,600

4% Jan

xl5% Xl5 %

"5%

''*■

••^5 • •"

5% convertible preferred

'v

33

4%

.?■

50

Jan

Jun

5% Mar

;

"16% Mar

Feb

7 31

Jani

t-iV
9%

\ 14% Jan "

3,200
"

32%

-

.

>300

5%'

Jan

Mar

28%

Jun

5

Jan

Jan

14

Jun

7%

'
,

May

3%

1%

Jun

VW

9%

1
•

Reynolds common—
preferred class A.

12% Mar

103%

Jun

700

11%

'

Jan

.May
70% Jun

•

—

'

9%

Apr

67% Apr
114% Ma,y
104
May
•7
% Jun

z8

100

10%
20

1

Be

Inc

,

8

vl/64 Jun

1

Continental Car-Na-Var Corp

•■6% Apr

rjun

42;

Jan.

; 3%

.

Feb

-

(ord reg)—£1

Creole Petroleum.

:3% Jan

.0

Croft Brewing Co—

.1

Orosley Motors Ine
II
Crowley Mllner k Co.
.0
Crown Cent Petrol (Md).
Crown Cork Interna t'l "A" partlc—-•
Crown Drug Co common—.—i
206
Crystal Oil Refining common—1—
$6 preferred.
18
Cuban Atlantic Sugar common
0
1% preferred.
...—.....,.100
Cuban Tobacco common

'•

29%
•-

29%

'■

4,100

%

28%

%

2,300

%

3%

28%

V 5.

5%

6

6%

5

Jun

~2

■

Feb

1%

''15%

15%

15%

2,300

103% 103%

103 JA

40

13'A Jan

2%
65

14% Apr"
102

May

17%

May
8% Mar

"4%

"4%

V50

—0

10%

10%

400

1

5%

5%

100

5% Jun

10c

1%

1%

200

1% Jun

3

24%

24%

20

.7%

7%

300

6% Feb

10

700

9%-May

11%

800

10

Jun

7

Jun

1%

4%

Jan

106

Mar

5% Mar

.2.00

Curtis Lighting Inc common—
Mfg Co (Mo)—

Curtis

Jan

4% May

Jan
Jan

-

Apr

8% Apr

r

Jun

1 'A

30

Jan

6%

Jun

200

Jan
Feb

7%

Jun

-

5%

800

"2

:,1;
-

*

11%
V

4i%

Jun

37/s

300
•

,

ft Jun

500

4

•

Jun

Jan I

6

10% Jun

14% Jan

28% May

33%

Jan

6

Jan

D
1.08

Davenport Hosiery Mills
Davidson-Brothers
Day

Mines

Ino common

Inc

Dayton Rubber Co claas A

—31
50c
0

Dejay Stores common
Dennlson Mfg class A common
—

8% debenture—

.
•

'.9%

11%

10%

1

7

7

300

1

1%

1%

200

•

Amer dep rets ord reg—
Dobeckmun Co common.

9

-fl

10%

10%

—20

Duke

Corp

Power

13

May
15% Apr
9%

Jan
Jan

9

Jun

12

Jan

14%

Feb

10%

Jan

100

10%

Jun

7%

200

6%

Jan

6,800

31%

200

11%

13

2% Jan
26%

11%

57

Juri

207/a Mar

m-mk

•

Jan

1,000

'

9%

9%

57

9% Mar

1,500

58

24%

10

Oo

134

2%

3%

•

Driver Harris Oo

H'A Ja.n

,

23 ya

100

10%

—•

common

Feb

d Jan

Jun

30%

Dominion Steel k Coal class B

.8

•

Jun

3y8

*~3%

.1

Dominion Tar b Chem Oo Ltd

Dominion Textile Co Ltd

.

Jant:i

7%

.1

Domestic Credit Corp class
Dominion Bridge Co Ltd—

Jan

32

18

10

Devoe k Reynolds class B
Distillers Oo Lt<L—

Jun

132

8

Detroit Steel Products

Draper

22%

100

Derby Oil Co common—
Detroit Gasket At Manufacturing
Detroit Gray Iron Foundry

24%

100

Jun

57

•

Jan

3% May
33
May

1'4%

Jan

22%

Apr

10'% May
65

Feb

23

Jun

32 ya

74

50

1

Feb

73

Jan

May

Dunlop Rubber Co Ltd—
Amer den rets ord reg

Duraloy (The)

—f 1

Co

6%

Apr

1%

..

1

*

Jan

7%

Feb

'

.

2% Mar

'

'Jm

1

'

9% May

mmmm

—1

——

11%

Eastern Gas & Fuel Assn

9%

Apr

Apr

3%

9%

4% Mar

12% Feb
Mar '

x4% Mar

100

-

3% Feb
24 Vz

__

76%

48
Apr
111% Mar

Feb

Jun

13% Mar
:

.

2

Mar

5

62
..

..

....
..

6%

11%

3

600

3%

Jan

Jun

5%

Feb

10% Mar

12%

Jan

4%

Jan

fmmm

11%

11%

58

6%

2%

Eastern Malleable Iron

1,800

3

Apr

64%

66

325

62

Jun

77

Feb

65

63%

65

450

61 Vz

Jun

75

Apr

20

Eastern States Corp

0

36

*

30
400

74% May
9% Mar
85% Jan

79% May

9%

—

15

Jan

6%

150

62

190

6%

5%
55

Feb

88% Apr

Feb

7%
67

Jan

...

mm

6%

6 Va

'

13%

13%

Jan

Jan

54%

Jun

11% Mar

.1
1

2%

63

Jun

'

-1

Electric Bond & Share common

6%
14

Mar

60

mm

700

5% May
10% Feb
•

>

22,700

13% May
68 V2

10

May
Jan

15% May

Light—

warrants.

8%

Empire District Jpoctrle 9% pfd
Empire mnwnrimnrp
Emsco Derrick

EquipmentEquity-: Oorp cofnmon
;
88 convertible ;preferred
Esquire Inc
Eureka Oorp £10
Eureka Pipe Line:

8%

5,800

10%

10%

100

94%

96%

8%

ElectrographlcCorp1
100
—

6

50
-

Jan

9% Jan
94%

5 Vi

5%

400

11%

100

1,400

Jun

11

1% ?. 1%

Jun

5

11%

5%

t
I
10c

1%''

1
I

31%

—1

A

4%

31%:

A
15

15%

Feb

,

1% Feb

100

31

Jun

1,500

5

15

1

Fairchild Engine k Airplane........1
Fansteel
•
Fire Association

(Phlla)

4

Mar

8% May
13% May
101%
7%

14

100

Apr
Apr

.13% Apr
1% Mar
35%
5

Feb
Jun

A

y4May

9,000

.10

May

$2 dlv cum preferred
Flshman (MH) Co—

19%

8,400

Jan

Feb

18

Feb

Feb

12%

4

4>

4%

9,400

3%

9%

9%

9%

1,800

8 y8

57%

57%

100

2%

2%

400

18%
^

—

.100

—

'

—1

80

5% Feb

7%

..

—■

5%

—

—

—

7% May
9% Jan
3

mm!

«

19%

Jun

Feb

5j/4 Mar

Feb

13%

57%

Jun

65 V2

Jan

2ya

Jun

2%

Jan

25

•

Apr

Jun

33

Jan

14% Feb

—

Be to $1 Stores.
Ford Motor Co Ltd— :
Amer dep rets tod reg—

16

May

Ford Motor of Qanada—

__

2%
__

36%

90

3

__

900

58%

14%

1

35%

May
Jan

Jan

36%

Apr

Jan

Apr

2%

Jun

4

Jan

6%

Jun

7%

Jan

7% Mar

10%

Jan

—

1

...

—

4%

4%

1,400

17%

Class A non-voting
Glass B voting-

18%

4%

600

Jun

5%

17% Feb

21

20

23

Feb
Jan

«

-—

■

—„

—

Mar

Feb

Ford Motor of "Franoe—
*

Amor

10

Jun

13%

Jan

175

57%

Jun

64%

Jan

dep rets bearer
Fort Pitt Brewing Oo.—
Fox (Peter) Brewing

425

11%

Jun

17%

Feb

Franklin Simon * Oo Ino common—.1

— ■

/

4%

400

11%

57%

5
3

>

Feb

7%

•

Jun
Jun

39
I

shares of: beneficial int.

1%
51

Jan

77%

13%

—

100

mm mm

'

4% Jan

11
■

4

'

—

37% Mar

Feb

3% May

...

__

mrnrnrn

%

$0 pfd shares ;of beneficial Int
Easy Washing Machine claw B
Power s

1%

1%

_•

37% Mar

mm

—

•

$7 preferred series
$0 preferred ^series
Eastern Sugar ^Associates—

Electric

3

65%

100

4% Jan

200

2.00
10

3%

101

-

—

36%

1

18

*

com

prior preferred
preferred.

First Tork Corp common
mm

10

—

Jan

Jan

Mar

300

—

2

35.

200

1

27%

.

Fairchfld Camera k Instrument
77 y8
...

{Central States Elec 6%
preferred—100
7% preferred
100
Conv pfd opt div set
100
Conv pfd opt dlv ser 1929
100
Century Electric Co common
10

Charts Corp Common

8%
3%

2

2

■

4%

3%-,

Ilioo

Conv preference
Cessna Aircraft Co common
Chamberlln C&of America

__

3%

Central Maine Power Co—
3.50% preferred
Central Ohio Steel Products.—..

Century Investors Inc

Jun

40%
:00

...

pfd—

21

Jun

2%
109

1% "2%

dep rets A ord




300

"1%

"iv*
common

k Southern Air Lines

4

200

li

Utlllttes-

Consolidated Royalty Oil

Option

Marconi

page

7%

7%

Voting trust ctfs

7%

28%

.100

Rights

Com

7%

Class B non-voting
Canadian Industries Ltd—
7% preferred

For footnotes see

Jun

3%

20% Feb
24% Jun

Convertible
preferred
Canadian Industrial Alcohol—
Class A voting
:

Cherry-Burrell 'common
Chesebrough Mfg common
Chicago Rivet b Maeh

Jkn

5%

Jun

4% Jan

19%

Canada Cement Co Ltd
common—
6% % preference
Canadian Canners Ltd common-

Amer

Jun

7% Feb

1

Camden Fire
Insurance—
Canada Bread Co Ltd

Canadian

12

Jan

4

4%

.100

Consol liquidating Corp.
Consolidated Mining k Smelt

American dep receipts

-

3%

'

series B preferred

Courtaulds Ltd—

Jun1

2,000
1,700

21

California Electric Power

Capital City products

2%

3%

10O

Jan

'27%

Duval Texas Sulphur.

American dep rets
5% pfd
Calamba Sugar Estate
Calgary & Edmonton Corp Ltd
Calif Cotton Mills Co

5%

4%

Durham Hosiery class B common
Duro Test Corp common

Cable Electrlo Products
common
Cables k Wireless-

Feb

Apr

Feb

21%

20%

•

Jan

8

34%

Jan

74

Apr
13% Feb

•

Oil Co

.

60

4% preferred series O—

$1

%

Jan

Mar

5

2

Jun

27%

Consol G E L P Bait common—

Consolidated Gas

4%

7'A Mar
33

21%

16%

•

*

Claw A

Jan

Apr

13% Jun

21

Brazilian Traction
Light k Power

7%
12

2% Feb
5'/a Jun

2%

28

2%

*
•

14%

Mar

31

—1

Jan

Apr
Apr

x45

6% May

10%

1

Apr

9

Jan

13

Apr

38

26V4 Jan

•

Jan

2

37%

Jun

*

Jan

10

33 Vs Feb

——I

35%
6%

Mar

5%

1% Jan

35 »A

5%% prior cum pfd
Borne, Serymser Co
Bourjoia Ino

British-American

7% May

35%

common

Jan

16% Jan

10 %

10%

1

Co common

Jun

6'

Jun

28

common

6

Feb

6%

-1

Blue Ridge Corp common

Jan

8% Mar

May

3

5%

6%

1
Blrdsboro Steel Fdry k Mach Co com.*
Blauner's common

Corp

Feb'

7

100

1

Benson II Hedges common
Convertible preferred
Blckford's Ine common

Breeze

3,200

,

36 y4

13% Feh

1

Benrut Watch Co Inc

(HO)

3%

1

Baumann (L) k Co common
Beau-Brummel Ties common
Shoe Corp
Bellanca Aircraft common
Bell Tel of Canada common
Beck (AS)

Bohack

55% Mar

Jun

5

Barium Steel Corp
Barlow k Beellg Mfg—

Blumenthal (8) k Co

41

32% Mar

Jan

Mar

35
4%

Gosden Petroleum common
150

3%

Jun

5%

34%

1

Corroon b

44%

1%
22

21

Inc

Vto ext to 195$

Coro

"

47%

■—*

■

—-—

Mar

2E
1

Community Public Service
Compo Shoe Machinery—

4%%

4%

4%
3%

~~%

warrants...
Colt's Manufacturing Oo.
Commodore

4%

4%

-—-

Cornucopia Gold Mine*

B
Baldwin Locomotive—
1% preferred
Baldwin Rubber Oo common

4%

Development ordinary

Continental Fdy k Machine
Cook Paint b Varnish Co

Babcock k Wilcox Oo

23

10

Colonial

•

Jun

17

May

5% Mar

-30

Cockshutt Plow Oo

Jan

8%

Jun

'

8

100

600

10,400

13%

Jun

2

"

Apr

23%

Jun

7%

1%

5%
23%

Jan

Jkn

10%

Co—.

Club Aluminum Product#

19"%

•

iye

5%
23

1%

48% May
14% Apr

12% Jian

>

'

87/a

14% Jun

21%

Clayton k Lambert Mfg

Colon

Ashland oil * Refining Co

$1.20

114

-2.M

Equipment Corp——

,

-

87/»

—

42%

<

14 Vz

Mfg Co

High

Jun

44'A

43%4

.1$

9'A

Inc

Low

1,100

0

Arkansas Natural Gas common-

Argus

Range Since January 1

%

Clark Controller Co
Clarostat

Shares

High

u

%

.10

City Auto stamping—
City k Suburban. Homes.
•

Jun

107 y4

Low

.1

Chief Consolidated Mining

Mar

8

Sales
for Week

of Prices

Par

High

7% Feb

—

Last

New York Curb Exchange

Bang# SinceJanuary 1

Cities Service common

106%

Week's
Range

STOCKS—

for Week
Shares

Range
of Prices

Last

WEEK

Sales

Week's

Friday
Sale Price

FOR

Monday, June 27, 1949

,

EXCHANGE

CURB

YORK
RANGE

STOCKS—•

& FINANCIAL CHRONICLE

8

500

6

Jan

10% Mar

7%

7%

500

6

Jan

9% Mar

4% %
Poller

conv
/Geo

preferred

'%

16

00
■

8

—

1,200

9

3,950

6%

Jun

8

.

9Vz

6%

8%
.

sy8

1,400

8

Jan

—-

a.

8y8 May

10

Jan
Jan

9

Apr
8% Mar

23% Mar

rnmmm

8%

%

xA Jun

9,

9%

—1.20

6,400

600

25%

Jan

7% Jun

9%

Apr

THE

169 * Number 4815

Volume

COMMEKCIAL

NEW

YORK
RANGE

Friday
Last

STOCKS—
New York Curb

Week's

CURB

FOR

WEEK

CHRONICLE

(2777)

EXCHANGE

ENDED

JUNE

24

Friday

for Week

of Prices
Low

Par

FINANCIAL

Sales

Range

Sale Price

Exchange

&

Week's

STOCKS—

Shares

Range Since January 1

High

Low

Last

New York Curb Exchange

1

Sale Price

High

Sales

for Week

Range
of Prices
Low

Par

Shares

Range Since January 1

High

Low

Klein

(D Emil) Co common—
Klelnert (IB) Rubber Co.

14% Mar

15%

100

88%

Jan

92%

Feb

-1
*
General Builders Supply Corp com—1
5% conv preferred
28

4%

Jun

8

Mar

*

Gattneau Power Co common
fl*

preferred

GeUman Mfg Co common
General Alloys Co

"

1%

1%

1%

2%

1

300

2%

2%

800

1%

Jun

Feb

Knott Corp common
Kobacker Stores

-i

Krueger

—1

Brewing

20%

21

-1

Co

High

6%

21

100

6%

12

10

Jan

12

Mar

21

Jun

18%

100

12

10%

Feb

10%

Apr

6%

100

12

100

Feb

10

May

7% Jan
12% Mar

Apr

3%

Jan

Jt|n

2%
22 %

Apr

9%

1034 Mar

.it

23% Feb

General Electric Co Ltd—

dep rets ord reg

7%

CI

General Finance Corp common-

1
10
•

Amer

5% preferred series A
General Fireproofing common
General

Adv

Outdoor

6%

Gilbert

(AC)

Gilchrist

300

29 %

110

100

5%

2%

700

21/8

Jun

4

95

Jan

100

May

xll2%

Jun

116

Mar

3%

Jun

Jan

5%

16%

16

18%

Jan

Jan

10

Jan

Jun

21%

Gobel (Adolf) Inc common
Godchaux Sugars class
Class
B

9%

1%

9%

Jun

ll3/a-Jan

133/8

9%

1

Jan

14% May

100

100

1%

1%

2%

Jun

Tourneau

Line

$4.60 prior preferred
Goldfleld Consolidated Mines
Goodman Mfg Co
-

%

1

%

43

Jan

Mar

28

May

74%

Jan

80

Jun

2,500
50

60

Lit

Material

Brother*

conv

5%

Jun

Utilities $4.40

%

6

6 Y2

6

"9%

Jun

11%

Jan

Jun

8

"■

7

Feb

11%

Feb

111%

32%

32%

135 V\

4un

142

Jun

32

7%

106%

1053/4 106%

140

102

4%

8y2
.

—j;

44%

-1

—-i

"

!

"

'

13%

—' *

12

Immm

_

„8

•

...

-

x50 %

1%

Jun

2%

Jan

Feb

2

Jan

8% Mar

9%

Jun

200

11

Jan

15%

9

9%

Jun

8%

8%

Jun
Jan

10

—*

tmmmm'

93%

—

9%
•

40

8

73/4

8

39%

11

1
•

common.

96

,

5%
39%

*

X8

-

Humble

Oil

48%

Inc common,

"

Apr

—

30

"

.

*

'

70

7.100

33/4

33^

1,900

immm

mm

68%

1%

.

12%

21

Jun

Jun

79%

23/a Jan
43

Apr

4

Jan

200

1%

100

103/8

23/s

100

12%

200

11

Zinc

Co

*6 *

•

common

Imperial Chemical Industries—
Amer dep rets registered
Imperial Oil (Canada) coupon
Registered
Imperial Tobacco of Canada
Imperial Tobacco of Great Britain

6%

200

Jan

47%

•
8

11%

Feb
Jan

Jun

3%

Jan

Jun

22%

Jan

2% Mar

Jun

18

Jun

10 y2

Jan

4%

Feb

5%

I

15 y8

6,400

13%

Feb

17% May

14%

__

12

143/4

600

14 V*

Feb

17% May

300

11%

Jan

12%

12y4

12

Jun

ft Ireland

9%

Jun

50

88 V2

Jin

550

98%

Jun

£1

pfd—100

Insurance Co of North America

10

International Cigar Machinery
International Hydro-Electric—

-94%

94%

12% May
98

Apr
110% Feb

International Petroleum
;

Registered

coupon

53%

600

~6%

shares

-~6%

~6%

1,000

•

International Products

10

International

:•

16

■*

13%

Safety Razor B

International Utilities

eommon—

Investors

RoyaltyMfg vtc.
Irving Air ChuteItalian Superpower Corp com cl A.

Iron

13%

—

....

77%

Feb

88%

500

66%

Feb

78%

A)f*

4,800

16%

Feb

20%

Jan

111%

Feb

113A

Apr

mmmm'

500
1,400

13

ft

JUn

4%

100

%

Jan

6%

Apr

iy8

Jan

Jan

2%

200

1%

Jun

5%

5%

100

4%

Feb
Jun

20%

-i

pfd

A

Kings County Lighting common.
4%

.

cumulative

4%

preferred

King Seeley Corp
Kingston Products
Kirby Petroleum.
Klrkland Lake G M Co
For footnotes see page 35.




Jun

123 % Mar

12%

Kimberly-Clark Corp—
4%# preferred.
*

109

I

9%

9%

.'6%
10

7

934

10

-10

•m—

'

100

14 %

-

Class B

1

9%

«

Co.

v

Midwest

6% May

-J1

5,200

Feb

1,000

14%
34

50

~8

113/4
34

17%

Jan

Jun

37

Feb

32%

Jan
Jan

9%

Jun

153/4

Jan

lYa Mar

2y8

Apr

13%

2,600

l7/s

Mar

2

Jun

7% Mar

600

14%

2,300

33/4

4

4%

4%

'

4%
25

Jun

6

Jan

1083/4

Feb

110 y8

Jun

3% Mar

5%

Apr

1,000
200

3%

,

45

Jan

6

Mar

Jan

48

Mar

4%
*

—2.60
•

1

Feb

Jun

c

700

Feb

6%

Jun

,9%

Jan

% May
5% May

1% May

7% May

7

Jan

8%

Feb

29%

Jun

32Vb

Apr

6 %

Feb

8%

Apr

2%

Jan

6 3/4

6%

634

1,300

_5

common

Abrasive

134

134

1%

5,900

Oil

Midwest Piping & Supply common
Refineries

Miller

Wohl

Co

9%

Apr

Jun

25

9

Jun

16%

Feb

Jan

*-*a

Jan

400

16%

Jun

19V2

Jan

19

900

17%

22% May

19%

19%

19%

100

1

2%

2%

2%

1,000

2%

Feb

7

63/4

7%

1,100

6%

Jun

7%

Jan

29%

Feb

32%

Jan

7 y4

Jun

10%

~8

7%

700

8

May

3 % Mar

Jan

93%

Jan

97

Feb

24

Feb

30

Apr

6%

1
1

6%

200

6%

Jun

8% Mar

23/a.

—

Monongahela Power Co—
4.40% cum pfd
—W9
4.80% cum pfd series B
100
Monroe Loan Society com class A
1
Moody Investors partic pfd
Morris Plan Corp of America

10% May

•

60

Molybdenum Corp
Monogram Pictures common

Company

10

16%

BOo

common

convertible preferred

4%%

Jun
Mar

3%

22%

"9%

10

Co

1%
9

50c

2%

1,900

23/8

Jun

3% Mar

89

88
'4.^.

mm

mm

50

1

2%

'

—

2%

II

*4

700
50

175% 177

•
•

95

Mar

88

Jun

98

May

101%

Apr

Apr

2%

Jan

2%

167% Mar

Jun

178

Jan

30%

Jun

37%

3%

3%

100

3%

Jun

4%

Feb

10%

10%

300

103/4

Jun

14%

Jan

30

303/4

550

29%

Jun

33%

40

97%

Feb

103%

Jan

Mar

22%

Jan

mm —

99

98

98

■*mmm

mmmm

27%

27%

7%

28%
8

8%

7

17

'

...

8

common

150
500
—

—

700

Feb

Jun

28% May
10% Jan

11

Feb

13%

Jan

7

Jun

12%

Jan

24

7%

Apr

N
Nachman

Inc

Namm's

10%

-1

100

10 Ye Jun
3
Mar

3

2,900

2% Mar
29% Mar

!'

1

National Rubber Machinery

Jan

127

May

13% Mar

31%

410

8%

~8%

4,200

8%

Jun

9%

7%

6%

7%

300

6%

Jun

10%

Jan

May

9%

Jun

Jun

10%

Jan

34

6

1

6%

-J

13

Jan'

Net/

14%

105

convertible preferred

New Jersey Zinc

Mar

As Arizona Land

New

Park Mining Co
Process Co common

5%

Apr

New

33%

Apr

N

Mar

Y

Co common
Honduras Rosario

Auction

16 y8

300

N

Y

A

2 Vo

800

2

Jun

Jan

N

Y

500

9%

Feb

12%

Jan

N

Y

Merchandise
Shipbuilding Corp—

1

Jun

1%

Jan

17
3

Pounders shares

500

14%

200

Jan

6% May
7% May
14y4

jun

34

Jan
Feb

Jan

9

8% Mar
18%

3V8

200

2%

2%

2,700

5%

2%

Apr

5%

200

3

Apr

3% Mar

2%

Jun

4% Jan

6%

3

-30c

Corp.

"England Tel A Tel
Haven Clock A Watch

4 /2%

<9% Mar

6%

6

10

Feb

13 V\

Neptune Meter common
Neet>4 Le Mur Co class A
New

Jan

3% Jan
33% Apr

307/a

National Steel Car Ltd

(Herman)

5%

31%

National Radiator Co-

Jan

Jan

13

~8%

•

-28

—

Jan

9%

600

4

2%

common.

National Bellas Hess common-

preferred

11

4

2%

-10

Corp

Jan

12% Mar

Feb

7

5%

1

1

t 0

5%

Jun

15

900

Jun

1
t

Jan

Feb
Mar

1%

6%

IllO
v

6%

6%

1,500

Jun

—

...

Mid-West

Jan

1%

5%

■mm'

110 % 110%

—

Co

Mid-West

Jan

1%

3% May

1%

—

•
•

3y8

10

Feb

1%

8

"3%

$2 non-cum dividend shares
Mldvale

26%

„

Jan

2%

•

25

2

Jan

19%

13%

14

.1

Common

1,600

10

8 3/4

Jun

Middle West Corp—

4%

16

Jun

13%

ft Scott Corp—

4%

.

9Y2
103

16

"

34

II

Midland Oil Corp $1 conv pfd
Midland Steel Products—

313/4

—1

4%

300

27% Mar

Micromatic Hone Corp

434

—1

1,800

mm —

12%

j*

Middle States Petroleum class A

3134

434

2% Feb

5%

& Ce class B

Co

New Mexico
•

Feb

14%

1

1%

„8

National Mfg A Stores common
National Pressure Cooker common...

500

.109

I_bo

Apr
Jan

--3

-1

common

common—

Jan

75
f

38

——

preferred.

Iron

Nelson

13,800

Co

Kennedy's Inc
Key Co common.
Kldde (Walter) ft Co

25

Jun

8%

'

334

K

Kawneer

Apr

•

mmmm

National Union Radio

4%

Apr

14

'

National Transit common

4%

Apr

14%

Jun

2% Feb
mm

1% Apr

3%

4%

13%

Feb

Jan

May

17

3% Mar

100

—1

1

Jan

13

14%

Jan

15

Feb

Kokenge Co

Kalser-Prazer Corp
Kansas Gas ft Eectrio 7 %

10%

100

"43/8

5%

-10

Muter

1%

Preference

Julian

500

13 %

jn

Shovel.

Apr

Apr

1

3% May
18 y2 Jun

Jlm Brown Stores common-

-

13%

6%

11%

% May
12% Feb

2%
„

400

31

Fuel Gas.
National Mallinson Fabrics
-

12%

25

Michigan Bumper Corp
Michigan Steel Tube
Michigan Sugar Co common
6% preferred

7%

Jefferson Lake Sulphur Co.

Feb

113

Marine

National

2%

Apr

13%

1

National Breweries common.

Jeannette Glass Co common-.

-

•
10

Jan

14%

14-

—

12%

—

Jan

100

...

r.

e

Feb

200

U

Jan

IS May

400

11%

1%

'

,

.

9%
'

72

Jun

May

14%

'4%

•

-J

14

Feb

81%

11

1%

-

-1

196

%

17%

22

58

14%

1

„

Fireman

]9r,

»•

24% May

Jun

79

Jun

Jan

20%

52%

_•

shs—*

Jun

7%

16%

Feb'

Jan

47

'

International Metal Industries A

20%

3,400

69%

6%

12%

10 y2

•
50

Jan

25% May
24% Jan

81%

10c
Mountain Producers
10
Mountain States Power common——*.
Mountain States Tel A Tel
100
Mt Vernon-Woodborry Mills
■
Murray Ohio Mfg Co
*
Muskegon Piston Ring common-3JO
Muskogee Co common
1°

*

Preferred $3.50 series

Jan

17%

834 Mar

983/4 100

100

7%

26%

72

6%

__

6% Mar

13,200

21%

%

%

1

Montgomery Ward & Co class A

-

Indianapolis Pwr ft Light 4%

Jun

24% May
23% Jan

400

Participating preferred-

Jan

14%

15y8

Mar

__

Metal Textile Corp common

Jan

Apr

6

.

Feb

2

Jan

4% Mar

£1
•

20%

20%

Mining Corp of Canada
*
Minnesota Power & Light 5% pfd—100
Missouri Public Service common—.—*
Illinois

1

warrants

323/4 May

12%

j

144

1093/4 May

11%

1%

—• -M

1

miii

'

Jan

Feb

30%

4

__

Mfg

0% %

423/4 May

Jun
Jun

Jan

17%

1063/4 May
17%

——

*

_

200

2 3/«

1
_

_

—

69
*'

*#»«•

mm**'

-

31

33/4 May
31

Jun

May

133

mmmm'

108

•

common
_

'.

70

8

warrants

1st conv preferred-

■

'

—,w

*

~

108

108

5

Refining

Hydro-Electric Securities
Hygrade Food Products.

7

7

(The B) Co

(AG)

Mesabl

Jan

11

Jun

Jan

25%
14

30%

31

III100

& Mfg Co
Refrigerator $2.25 pfd_

stock

mm'm.

•

_

Lock

Huyler's

300

27.

40 3%

•

—,

preferred

Common

25%

1

8% May

Feb

May

3

'

—

15

Co

*

&

'

27

May

26

May

'

mm*.

Horn ft Hardari Saxlng 00—
Horn ft Hardart common

Hurd

— —

13

-100

common

Merrltt Chapman

Jan

74

800

*

Inc—

23%

Feb

L100

Service Co

Com

Menasco

May

Jun
Mar

225''

8%

Jan

92
u

1,100:;;;;

40

8

jun

10%

-

Dredging
Johnson & Co

Mead

Jan

68

30
:

73/4

"

.

18%

211/4 Mar

•

1*0 wmiams

10% Mar

10% Mar

■

—

m~

10

Holophane

Hussman

300

1

$2.50 preferred

123/4 Feb

8%

75
"

"

92

'4

1

Holly Stores Inc

(Harvey)

5,000

123/a

■■■■

a

Power

McKee

Apr

600
■

100

& Co class A

Hubbell

23%

Apr

24%. Jun

10

dep_

International

McCord

Feb

6

'

6%

of

McClanahan Oil Co

Jan

1,000

12

63/4

'mmmm

2

&

19

11%

mmrnm

convertible preferred

5%

.

173/4 Mar

Jun
Jun

1%

93/8

9%
-

100

w w

Homager Consolidated G M

A)

May

123/8

Masaey Harris common
MoAleer Mfg Co common

6% Jan
9% May

Apr

700

9%

8%

9

•

common

preferred w w
Henry Holt ft Oo common

(Geo

13 %

•

Communication Co Ltd

Marlon

12

'

—

6y8

63/4
•

4%

'Hormel

9Va Mar

•

ctfs

Manischewltz

»

800

1%

9%

•

•

Co

2,100

Mapes Consolidated Mfg Co

Apr

44%

V-

45

1%

.1

Heller Co common

Horder's

12%

e

A

_

Mangel Stores

Feb

120

—

44%

-

1

-

A

Hoe (R)

ll3/a

—

class

Corp

"

5%% preferred

Apr

6%

6% Mar
23

M.

'

'

10%

22

eommon

Maine Public

lb6%Mar

Feb

7% Mar

—

—5

Hearn Dept Stores common
Heels Mining Go_

*

9% Mar

Jun

'

Macklntosh-Hemphlll Co

38% Mar

Jan
Feb

13%

-z—25

common

Rubinstein

Jan

100

11%

1

preferred A ctfs of dep

Lvnch

Feb

600

•

Bridge Oo Ltd.
Paper common

Electric Light

Clan*

6%

93/4

—

Apr

40

% 136

135

32%

t

8

_

"Hammermill

Helena

Feb

9%

19

II

Chain

Common

7%

$

■

100

Apr

103%

1,200

*5'

-

Apr

200

■

_■

_

6% preferred B ctfs of dep
Louisiana Land A Exploration
Louisiana Power A Light $6 pfd

H

Brewing Oo
Hathaway Bakeries Inc
Haxeltlne Corp.

8%

Jan

1,200

—

1

Lone Star Gas Co. (Texas)

Marconi

Harvard

Jun

5%

6%
53A
193/4

Jan

800

10%

•

Rayon

6 Ye

6%

__

.1

Longlnes-Wlttnauer Watch Co
Long Island Lighting Co—

Jan

100

106% 109;

109

pfd——100

Gypsum Lime ft Alabastine

Hartford

Apr

5%

Tea—

Non-voting common stock
•
1% 1st preferred
100
.Great Northern Paper
__——28
-.Grocery Stores Products common—25c

Hamilton

Co

Class B__

Jan

62%

1

Hartford

Jan

13%

Jun

19%

1

-

_

Inc

Groceterias

Locke Steel

Jan

5

6%

pfd—28

8,

Co

5%

Jan

'

Loblaw

II Jan

493/4 Mar

10

common

•

53 y2

Jun

3%

•

—

Gray Mfg Co

Lamp

Jun

53/4

1

Corp common
Lip ton (Thos J) Inc 6% preferred

Feb

%

-*

i

Grand Rapids Varnish

Hall

common-

(R G)

37/a

8%

6%

1

-

Lionel

Jan

38% Mar
21

<•

Gulf States

Realty

300

2,400

Jan

16

3,300

_B

Great Atlantic ft Pacific

Le

Apr

800

9%
16 %

-1

,

Graham-Paige Motors 6%

Lefcourt

Feb

Jun
Jun

4

2,600

5%

33/a

14% Mar

•

Glenmore Distilleries Class B—

Mfg

106%

105 %

3%

4%

5,Ve

1

Corp of Delaware

Lanston Monotype Machine
La Salle Extension University

12%

20

Coal

Gorham Inc class A

Lamson

Jan

25

.1

Lakey Foundry ft Machine

Feb

•

Globe-Union

Gorham

Jan

Jan

Jan

4%

12%

1

Lake Shore Mines Ltd

Jun

103

3ya

*

Inc

Jun
Jun

2,100

Company
Apparel Tnn

13%

3%

11%

Laclede-Christy
L'Aisrlnn

Feb

3%

3%

common

Jan

6% Mar

8y2
3534

113% 113%

1

Co

Alden

30 %

•

Gladding McBean A Co-—
Glen

Jun

Corp "

Veiiowknne Gum Mines

errant

Jun

7%

2%

•

referred—

Gerity-Mich

5%

50

3 %

3 %

1
50c
'General Public Service $6 preferred—*
♦*

200

7%

29%

General Phoenix CorpGeneral Plywood Corp common

Georgia Power $6 preferred

5%

100% 103

pfd—;—100

8%

Jun

V4

7%

5

—"

1
20
20
1

1
*
-*
10
10

Jun

80

100
Co

Jun

5%

1
3

54%
7

81%

100

78% May

1

1%

400

Jun

Mar

9

'

May

16% Mar

6%

Feb

87% Jan
3%

Jan

7%

Jan

3

3%

400

3

54

55%

1,500

51

Jun

67

3,100
3,800

6

Feb

11%

6

3%

1

7%
1 %

Jun

Apr

Jan

Apr
1% Apr

75

Jan

8% May

8% Jan

Feb
Jun

30% Apr
13% Feb

Jun

16%

20

28

26%
10

28

16%

15 Yz

Apr

33

34

COMMERCIAL

THE

(2778)

NEW
Week's

Friday
STOCKS—

Last

Sale Price

Low

Par

98

93%

lO'/s

93%

—*

8%

Nhes-Bement-Pona

Low

Feb

96%
%

9%

Jan

10%

Apr

92%

73/4

Jan

8%

Apr

11% May

%

%

600

3/4

Apr

31%

200

26 y8

Apr

300

28

2 %

2

2%

11

11%

4,900

2%

1,500

85

Novadel-Agene

2%

250

6%
14%

14

85

1013/a

800

United

Corp

Apr
Jan

Scovin

Manufacturing

Feb

2%

Jun

Scullin

Steel

Jun

15%

Jan

37

3%

Jan

Apr

Co

11%

Jan

Selected

1

15%

Jan

•

33 %

33%

33

Ohio Power 4%%

10G

108%

108

Natural

Oklahoma

Poindexter

Old

preferred

1,100
300

32 y2
106 »/4

Feb

28%

15

—

23%

28%

200

1

Gas

Distillery

2%

Jun

170

109

8%

8%

2

100

8l/4

Feb

313/a

Jun

9y«

Jun

14

11

Apr

14

Jan

22%

Jan

13%

100

123/4

Jun

7%

13%

O'okiep Copper Co Ltd Amer shares—„

200

6%

Jun

19%

15

7/a

7/a

_2%

17% Jan

2,200

7/a

Jun

1%

Jan

200

12%

Jun

16 %

Feb

2%

Jun

3%

Jun

19%

Jan

72% May

78%

Feb

783A

Feb

163/4

1,700

23

733A

75%

250

15

2%

2%

100

%

16

%

Jan

Jun

Jan

Apr

'•

—•
1

1%

300

8% Jun
8% Jun

11%

Feb

2%

2%

400

2%

Jun

3%

Apr

19%

6

20%

1,025

13%

Jan

Jan

22%

113/4

100;

103A

Jun

14%

57%

400

53

Jan

60

107% 107%

100

19%

113/4
56

25

Canada..

4%

Jan

1%

•

preferred

5

Jun

2

1

common

Jan

200

*

May

3

1

1

common

Sherwin-Williams of

Jun

Jan

Jan
Apr

1

1

Corp

2

13

13

15%

common

4%

28%

Jun

4,700

Inc

Sherwin-Williams

Mar

1

Omar Inc

May

Jun

10

5

Shawinigan Water & Power
Sheller Mfg Co

Apr

Feb

12

21

100

2%

stock

Leather

900
.

2%

Safety

Be ton

Jan

Jan

76

Inc common

8hattuck Denn Mining.

40% Mar
112

Jan

1%

1% Mar

•

Control
Serrick Corp class B

Jan

•

Filters class B

Oliver United

21%

1

2%

2

2

3%

Jun

•

Segal Lock Sc Hardware
Selby Shoe Co

B)

Jun

1^

11%

Feb

Radio

2%

700

21%

Jun

(R

300

1%

11%

89

Semler

Jan

3

21%

105

Sentry

2% Mar

2%

1

Jan

Convertible

Jun
Jun

1%

•

Jan

■

1%

2%

—25

■

Jan
Jan

11%

1%

1

May

Sentinel

50«

■

8%
19%

600

1

;

5

Jun
Jun

14%

—

2

common

Industries

1,800

1%

Securities Corp General
Seeman Brua xnc—

Mar

O
common.
Ohio Brass Co class B common

High

3% May

200

5%

25c

_

600

15%

5%

1

common

Bavoy Oil Inc (Del)
Bayre Sc Fisher Brick Co
Bchulte (D A)
Inc common

prior stock
Allotment certificates

Ogden Corp

Low

4%

4

5%

1

$5.50

'

High

15%

49

Jan

1

37%

53/4 May>
13 % May

1,900

6%

Corp

11

10

105

6%

Lac

Aircraft

85

104

104%

Northern Indiana Pub Serv 5 %

Northrop

2%

2%

1

Co

RR

Penn

1%

700

xll%

Airlines

Northeast
North

•

Samson

4%

1

Corp Ltd common

preferred

conv

Salt Dome Oil Co

9% Mar

100

■

Utility Securities
Oil

Texas

1st

Jan

2,000

32

Central

Jan

-

Lawrence

St

Apr

y8

1,000

9'/a

31%

American

North

Low

Apr

31%

Class B
North

for Week

of Prices

Apr

8'/a

•

class A

Rayon

Sales

Range

Par

11%
100%

8%

8

Mines

American

North

Sale Price

High

Jan

7%

9%

Nlpisjsing

Week's

Last

New York Curb Exchange

94% Mar

2,200

ft

5

24

Friday

600

10

Nineteen Hundred Corp common

JUNE

STOCKS—

93%

9%

EXCHANGE

ENDED

Range Since January 1

20,000

100

%
10

WEEK

Monday, June 27, 1949

Sales

Shares

High

9%

10%
99'At

FOR

CHRONICLE

for Week

Range
of Prices

Niagara Hudson Power common—.—1
5> 1st preferred
100
5%
2d preierred
100
Class B optional warrants
Niagara Share Corp common—
—5

FINANCIAL

CURB

YORK
RANGE

New York Curb Exchange

&

10

1053/4 Mar

•

13

Mar

Apr
Jan
Mar

107% Mar

1

7

20

Jan

Shoe Corp of America class A.

8'/4 Mar

•

12%

12%

400

11%

Jan

13% May

Slck's

Securities.

Overseas

•

14%

14%

100

14%

Jun

16

3%

Jun

4%

Jan

May

29%

Apr
Jan

Ltd

Breweries

Silex Co common

•

Simmons-Boardman
$3 convertible

Pacific Can Co

100

34 %

600

32%

Apr

36

200

29%

Apr

323/4

Jan

100% 101

400

100%

Jun

101%

98

98

25

17%

17%

1st

1st

Paramount

Motors

Pen

Peninsular

6%

Corp

"11%

n%-

28
I

"3%

100

41%

41%

29

29

104%

50

•

1,000

1%

Jun

23/g Mar

105

200

100%

Jan

106 y4 May

300

4%

4%

Jun

5y« Mar

34%
3%

200

523A

450

83/4

100

8%
2%

23/8

3,000
<*«.

6%

mt" '

6%

61/4

300

18%

18%

200

a

10%

50

50

Puget Sound
$5

prior

1% Mar

Apr
Mar

3%

Jan

13%

Jun

8%

Jan

24 y2

Jan

Feb

6%
18

700

2%

Jan

~3ft

Apr

13/4

800

1%

Jun

2-/a

11%

1,800

10%

Jun

113/4

Apr
Jan

5

preferred

16%

250

16

Dredging Corp common
convertible preferred

Standard

Forgings Corp
(Ky)
Standard Power & Light
#7

Products

Co

(The)

6%

100

53/a
11

8%

Jun

Jan

Jun

14%

Apr

93% Mar

95 Ve

Jan

38

Jan

Jun

26
8 3/8

8%

100

7%

Feb

8%

Jun

9

9%

1,100

8 3/4

Jun

11 y2

Jan

1%

1%

l5/a

6,400

1%

Jun

1%

Jan

7%

_

_

7%

7%

100

7%

Jun

8%

Jan

93/4

Jan

10'A

Jan

preferred

100%

Jan

...100

97

97 %

175

953/4

Jan

973/4

973/4

25

94%

Jan

12

400

11%

Jun

21%
12 lA

12

10

10%

10

5

Illioo

5

85%

147

147

•

Feb

2%

Apr

2%

Apr

139

Apr

"3%

1,100

Jan'

2 3A

Jan

3%

Feb '

Jan

2% Mar

2%

Jan

71

60

67% Jan

50

19 V2

~6%

~6%

200

%

%

%

2%

600

Jun

3% May
5% Jan

500

23/a

4% May

.75

Jan

15

Jan

7

May

3/4 Mar
Feb

Apr

24%

1%

Jan

4%

2% May
10

Jan

12%

% Mar

27/a

10%
12%

•

12%

700

Feb

10%

Jan

13%

Apr

41

x28

•

4%

25o

Jan
Apr "

13% May
Jan
Feb

Jun

5%

Jan

Apr

14

•

175

1,600

9

5%

Swan Finch Oil Corp

17%

Jun

"2%

700

2%

Jun

3

Jan

7%

50

7%

Jun

11

Mar

27%

27%

300

13%

3/a

2%

7%

2

140

14%

85%

Jan

92%

Jan

60

1433/4

Apr

148%

Jan

100

87
148

14%

19

14%

2,200

7'A May

Jan

13%

Feb

143A May

Shovel

&

*

common

•

common

Light 7%

Co

9

14%

14%

300

5

9%

9%

100

Inc

Tobacco

Realty
&

"75/a

1

'

Stocks

11%

"7%

300

10%

1

Construction

&

Allied

10%

11%

1,500

Jan
May

15%

Apr
Apr
Feb

Jun

17%

Jan

9%

Jun

133/4

Jan

Feb

12% Mar

7%

Jun

10%

Jun

52

•

29%
128

143A
11

25c

Roofing -Inc

Tlshman

Jan

26

120

100

common

Markets

14%

pfd

common

new

Corporation

Thorofare
Tllo

Inc

Power

Jan

10%

Jan

13%

Jan

63% May

Tobacco Security Trust Co Ltd—
Amer

dep rets ord regis
dep rets def regis

Amer

R
Aadlo-Keith-Orpheum option

warrant®.

Railway Sc Light Securities—
Voting common
Railway Sc Utility Investment A.
Rath Packing Co common
Raymond Concrete Pile common.
$3

convertible

1

v

t

—

'

—

34

__

150

Jun

22% May
16% Jun

52% Mar

—

19

May

1

Mar

26
'

Jan

20

Apr

56

Apr

Corp

For footnotes

4%

Jun

73/4

23/4

1,000

23/4

Jun

5%

3%

1,300

3%

3

May
% Mar

1%

Jan

Jun

21%

Jan

300

19%

Jun

253/4

Jan

1%

200

1%

Jun

2%

Jan

13/4

1%

1,400

1%

Apr

2%

Jan

90%

90%

70

„

17%

100

193%

1%

19%

-100

4%%

pfd

89

Jan

93

18%

-

Trans

Lux

Corp

Tri-Continental
Trunz
80c

warrants

Inc

Tung-Sol

Jun

27

3

—

8%

.

8%

200

——

8% May
4

II

1

7

223/g
.

7

.-

53/4

Petroleum..
common

13A

2

943A

%

1,000
400

convertible

com

2

Jun
Jun

1,200

1%
91%

Jan

6%

"U

H

H

200

3%

3%

3%

400

23/a

2%

2,300

ft Jun
3 %

Apr

2%

Feb
Jan-

24

Feb

ii Jan
Jan

60

Feb

100

2% Mar
98

Jan
Jan

.

4l/a

Jan

2% Mar

•

3%

Jun

24%
7%

Jan
Jan

8%

300

1

preferred

Jun

%
x39

95%

•

Lamp Works

33A

300

43

Jun

11%

Jan

U
Ulen Realization

Chemical

Union

of

Gas

10c

23

Jan

Jan

400

20 3/4

Jun

7y8

400

x6%

Feb

^

4

35.

.H

1%

1%

2%
9

2'
83A

2%

•

Canada

Union Investment Co

9

400

1

,

Jan

1%

Apr

500

1%

Jun

3%

Jan

2,300

7%
6%

Jan

9%

Apr

Jan

63/4

Apr

92 3/4

Corp

Jan

4

$3.75 pfd series A
Union Stock Yards of Omaha
United Aircraft Products

10,

53/a
37

73A

Corp

Feb

United

Elastic

Apr

50e

com

United Gas Corp common
United Light Si Railways

...

m

Feb

Apr

5%

2,000

Jun

10%

Feb

.4%

600

4%

Jun

63A

Jan

4

500

33/4

Feb

400

3%

Jun

5% Jan
5% Mar

53/8 Mar

53% May

-100

6% May

75c

1%

1.400
5.900

Corp

97%

Jan

57

Jan

Prr ducts

common

preferred

Jun

May
%

25%

3%

Jan
Jan

39

Jun

ft Jan

•
10

26%

200

16%

15%

16 %

45.400

15 %

Jun

21

7

-

25 %

24%

25 %

14,500

21

Feb

30% May

2ft

1%

2ft

80,000

1}?

16

10

)5%

4%

Jan

4%

Feb

241% 243

70

2413A

Jun

2463/i

Feb

...

participating

1%
32

•

common

warrants

Rights
United Milk

2%

2%

ft

Chemicals

United

-

4

4*

1%

9

Corp

Unexcelled

Feb

6%

Co

page

8%

5

—10

common

4%

%

41%

2%

Tonopah Mining of Nevada

United
£1

reg

100
1
1

3%

3%
43

Union Oil Co of California—

•

-




Edison

5s
20
70o

4% Mar

17%

,

17%

»

common..

see

Toledo

£1

common

Jan

3%

Shipyard Corp
Toklan Royalty Corp

Jan

2%

1

common

Royalite Oil Co Ltd..;
Rnssekg Fifth Ave common

Ryerson St Havoes

4,200

2 3/4

l

Inc

Ryan Aeronautical
Ryan Consolidated

4%

Co—

Rotary Electric Steel Co
Corp

4%

.

dep rets for ord

(The)

—

23

Jan

4%

_s

c

Roeser Si Pendleton Inc
Rolls Royce Ltd—

Rowe

Jan

—

(

Rochester Gas Sc Elec 4% pfd F_

Field

153/4

u

l

Richmond Radiator.
Rio Grande
Valley Gas

Cable

Jun

6.25

- *
(Robert) Sc Co
Reliance Electric Sc
Engineering
Rice-Stlx Inc

Rome

ft

8

Rels

Roosevelt

22%

*
•

common

Regal 8hoe Co

Amer

—

10
_

Reading Tube Corp class A

(Texas Corp)

%

ft

5,700

J

y4

io

preferred

Raytheon Manufacturing

Todd

26 3/a

Jun

30% May
Jan

16

Jun

2%

7% May

•

*

10%

Jan

21

Mar

Jun

Jun

United Molasser. Co Ltd—
Amer

dep

rets ord regis

United NJ RR & Canal:

100

•

Jan

31% May

77/a

20%

2%

1

103/a

May

Jun

20%

1

Corp
Ray Drug common
Superior Portland Cement, Inc
Superior Tool & Die Co

,

6

5

Sun

Thor

preferred

Feb

112% Jan

71

1

Sunbeam

Thew

Quebec Power Co

"3%

3%
71

1

(Hugo) Corp
Stop & Shop Inc
Stroock (S) Si Co common

Technicolor

863/a

1,900

•

Stlnnes

Texas

•

100

Jun

Feb

•

Jan

ny4

IIIIs

common

290

8

Feb

'43/4 Mar
19

2

1

common

21%

Jan

Mar

2,100

.1

com

Jun

28%
1%

Jan

Apr

98% Mar

Light—
com

Sterling Aluminum Products
Sterling Brewers Inc
{Sterling Engine Co
Sterling Inc
Co

1%

3

•

Stetson (J B)

•

125%

1%
124

2%

1

-

Jan

Apr

% Mar
8%

1%

1%
125

4%

Jun

Jun

__1

common

3%

Jan

300

1

Corp

& Co

Jan

Jan

39

Jun

2%

1,300

6%

•

(A)

%

16%

8%

28 3/a

6%

Stein

Jun

200

29 %

8

28%

1

Starrett

Feb

May

6%

2% Mar

100

33/a
17

*

•

Tampa Electric Co

6%

1

com

class B

Jan

6 '/a

preferred

Oats

33/a
16%

10

preferred

Standard

16

1

20
1

OH

28

Jun

13% Jun
6%

10

Standard

Jan

common

Puget Sound Pulp & Timber
Pyle-National Co common
Pyrene Manufacturing

Quaker

1

May

29 3A

26% Mar

4%

_•

.

45

30

23% May

5

4%

Jan

400

100

25%

53/4

25%

25%

1,700

Common

Jan
Jan

.18

29%

6%

*

36%

Feb

26% Mar

"%

Standard

33/a

*

2.7$

Jun

13% May

1,000

Apr
Mar

5%

—

Standard Cap Si Seal common..
Convertible preferred-

Jun

Jun

Jan

27%
28

"%

Btahl-Meyer Inc
Standard Brewing Co

14

Jan

28

275/a

100

4,300

100

Standard-Thomson Corp
Standard Tube class B

4%

37

10

23%

283/a

300

Feb

100

45

23%
'28

23%

y8

4%

Jan

Jun

May

23 3/a

69

4%

3%

25

2%

39

11%

47/a

Jan

Jun

28 3/a

Steel Co of Canada

'

8

•

Jun

3%

500

1%

Jun

5

Feb

100

Jan

% May
2% Jun
6%

Spencer Shoe Corp

553/4

1,500

27

1

36 %

3%

800

45

29

preference

50

16

Apr

Southern Pipe Line
Southland Royalty Co

$1.60

Jan

26% Mar
12 3/a

14

2 7 5/a

cum

200

1,000

63/4

26%

25
25

4.32%

3/a
2%

10

28%

conv

93

Jun

2%

25

500

3%

%

6%

23

567/e

15 %

Apr
Jan

Edison—

373/4

Mar

Feb

83/4

1,700

2%

6%

12.50

common

original preferred
cum preferred
conv preference

4.48%

Apr

Jun

11

10%

1

Pipe Line

373/4

common.

&

10

83/4 Jun

23/4

Colorado—"

Power

; -

Oil

Pa

California

553/4

56%

America^

cumulative

Jan

4% Mar
59%

Jun

IO3/*

1

—

4%%

50%

lit
1%

1

common

of

41 y4

Jan

3
'

shares-

common

Producers Corp of Nevada
Prosperity Co class B
Providence Gas
Service

323/4 Mar

400

3y8

Penn

1

4.56%

8y4 Mar

1%

Jan

3%

25%

4.88%

29% Mar

Jan

,

Public

Apr

Apr

52 "

1

;

™

of

South

Southern

Mar

273/4

7%

2363A

88 3A

9%

10%

1
1

Corp

Southwest

5%

47

25%

1

Manufacturing common
South Coast Corp common

Jan

Jun

Jun
Mar

223

•

Boss

5% Apr

Jan

80

100

Manufacturing Co

Sonotone

Jan

80

x413/8

100

*

___

common

Inc

15%

Jun
Jan

~

Mining Co

Metals

Jun

3

5%

2% Mar

223% 225

£ 1

City Gas Si Elec Co—
preferred
(Howard) Paper Mills

SSolar

Jan

50

11V4

700

•

'

Jan

7

34%

Pleasant Valley Wine Co
Pneumatic Scale common

Pressed

May

1%

"5%

1

Solar Aircraft Co

Jan

4,600

41/a

50c
,

Pittsburgh Bess Sc Lake Erie RR
Pittsburgh Sc Lake Erie
*
Pittsburgh Metallurgical common

Prentice-Hall

11%
17

24%

Jun

Apr

7%

104

l

common

Power Corp of Canada
6% 1st preferred
Pratt Sc Lambert Co

Jan

1%

2.50

Johnson Ltd Amer
Pioneer Gold Mines Ltd

.

4

7%

7%

2f

j

Pinchln

•J

Jun

23%
29

»
.

(Mass)

Alexander

Apr

27

100

8.90%
Smith

'

2.50

Philadelphia Co common
Phillips Packing Co
:

Sc

38%

6%

400

•

Perfect Circle Corp

Powdrell

Apr

Sioux

Feb

,

Pep Boys (The)

Polaris

25%

19

300

1%

•

pfd

Piper Aircraft Corp
Pitney-Bowes Inc

50

28

Traffic Co
Penn Water Sc.Power Co

•

6,800

—-

Penn

Governor

7
20

19

Jan

l3/4

9,600

a

common

Pharls Tire Sc Rubber

May

Feb

14 %

a

common

Pepperell Mfg Co

2%

6%
20

1

I

Ltd

Penn Gas Sc Elec class A common
Penn Power Sc Light 4%%

Pierce

2%

5

$1 cumulative preferred
$1.32 cum preferred

Pennroad

Mar

15

1

Corp

Telephone

98

•

Singer Manufacturing Co——
Singer Manufacturing Co Ltd—
Amer dep rets ord regis

Jun

Jan

233/4

— -

2%

Co

Co

Jan

38%

Parkersburg Rig & Reel
Patchogue Plymouth Mills
Patican

Jun

94

100

•

preferred

Page-Hersey Tubes common
Pancoastal Oil (CA) v t c..
Pantapec Oil (CA) Amer sh
Parker

93

a

Pacific Public Service com

$1.30

100%

63/8

preferred

Simplicity Pattern common
Simpson's Ltd class B

Jan

31%

6%

1st pfd... —23
2$
preferred
Pacific Lighting $4.50 preferred..
Pacific Power Sc Light 5% pfd__.
.100
5 Mi %

8%

6%

34

30%

common

Pacific Gas Sc Elec 6%

May

Publications—

Volume 169

THE

Number 4815

COMMERCIAL

NEW

YORK
RANGE

Week's

Friday
Last

STOCKS—
New York Curb

Low

United Profit Sharing com
.25C
10 %
—10
preferred
United Shoe Machinery common— —25
Preferred

Conditioning Corp

—

3,375

39'a

180

6%

•

and

International Securities

1st

8

48'a

preferred with warrants.

Radiator

United Stores Corp .com

Jan
Jan
Jan

83/4

Feb

A7s

1%

Jun

Jan

Aitalian

Mar

Feb

16 % May
3% Jan

Jun

2%
7-j

100

Nov

ex

1947

1

105

108%

F-A

*100% 102

100%

102 \

1%

200

1%

Jun

2'a

Jan

Milwaukee Gas

2 78

43'a

Feb

X25%

21%

Jun

*-/»

^%

♦

Feb

2* v4

■■

_

23

50

2

23

22

21

2,700

Jan

A-0

*104% 105'A

$4

convertible

preferred

'65

5

;

-

4%

4%

4'/a
65

63%

41/8

2,100

3'As—

3s

Park Lexington

24'a May

6%

Jun

100

63

Jun

1st mtge 3s

Venezuelan

21

Petroleum—--iL--,

1

271/a

500

27"

Jun

3%

1970

Syndicate

*

Inc

Vogt Manuafcturing...

20c

1,800

2'/4

800

3%
2

'

3%

'71

Oct

ex

5%

Jan

l,

Jan

3

*

•

_

12%

&

*106

Aircraft

Co

•

1952

Waitt & Bond Inc
$2

preferred

cum

Waltham

1

Watch

30

Co

1 Vb

1%

IV2

8

1

%

Ward

Baking Co warrants
Aircraft
Corp
1
Wentworth Manufacturing
1.25
West Texas Utilities $6 preferred
•
Western Maryland Ry 7% 1st pfd__100

li/a

3VB

3'As

Jan

Mar

Western

Tablet

&

Stationery

10%

Jan

1st mtge

2%

Jan

Southwestern

~7

600
30

(The)

Williams

Corp
& Co

(R C)

Wilson

5%

Brothers

Jan
Jun

w

I41/2

250

Feb

22

Jun

15% Mar

May

Woodall

6%

(P

100

"91/2

550

7

4%

4%

27/8
13

Jun

231/4

Feb

33

981/4

98i/4

10

981/4

Jun

9'/4

91/4

100

8%

Jun

10%

Jan

101/2

10%

200

IO1/4

Jun

14

Jan

2

9

%

8

7y8

•

17a

in

iji

Period

1970

41/2S

51/2S A

Sale Price

v

Bonds

Friday's

or

Bid & Asked

(20%

NO. •

High

'%

A5%s
Cities

Low

101% 1021/8

102

A-0

103%

106%

J- J

1970

3'As

J-D

107 '

107

with Dec

A7s

Dec

A7s ex

130

123

A-O

167

74

63

72

1946

J -J

134'a

39

18%

52

1946

A-0

18

52

1

1954

debs

Income

Western

Newspaper

118% 119y8

lOO'A 100'A

lOO'A

1061/2

108%

ISO'/a

102

8

89%

96

J-J

M-S
M-S

1671/4

106% 1071/4

21

A-0

103%

103% 103%

6

106%

106% 106%

90'/a

101% 101%

93

9iy2

93

961/2

98

15

92'A

100'/a

105

107'A

102%

1041/2

26

106

107 %

147

87

91%

A

(Col) —
-April 1946

20-year 7s.

A20-year 7s
Jan 1947
Bogota (see Mortgage Bank of)
ACauca Valley 7s
1948
Danish Cons Municipal Loan—
External 5'As
1955
External 5s
1953
_

-

991/4

101%

AMedellin

1951

2'/2s conv debs

1962

Af-N

3

102'a

106%

Mortgage Bank of Bogota—
A7s (issue of May 1927)

1954

A-0

5

111'a

112%

891/2

103

103

„

1

103

104'A

106

—

111% 111%

1993
1993
1965

M-S

May

A6'As

*46%
*15

1953

33

_.

—

*58

65

..

*100

102

1950

J -J

1963

J-D

103% 103%

1958

J-J

*50

Guantanamo & Western 6s

Indianapolis

Power

A61/2S

(Dec

A7s

A 7s

(July

on

104%

106

32%

56

3

31%

54

32%

56

4

31'A

55

37

56

32

55%

"w

_

55

$48 3a

51

•

-

Jones & Co.

Indus¬

Rail¬

Util¬

trials

roads

ities

—

Grade

Grade

Util¬

Rails

Rails

ities

Bonds

Co; eel

Closed

43.28

34.05

59.26

101.74

43.27

34.06

59.30

101.80

34.25

101.55

Total

A

Bonds

^Reported

in

Abbreviations

used

M-N

1947

A-0
J-D
J-D

1931
1972

2008

2012
1919

97.42

104 01

97.40

June

21

103.99

97.37

June
June

23

June

11-r-

and for the 65 stock comporite average, give effect
duPont de Nemours four-for-one common stock split.
This changed the divisor for the




the

stocks

65

stocks to

.

—

--

78

--

43

--

--

—

-

41%

—

—

--

—

—

61A

80

31

a

»»

16'/.

16V.

16%

134

15%

-

27

27
2A

2
175
87

24%
2

29
3A

2

3%

J-J

-

_

44.

computed by dividing total prices by the following:
<

18%

„

2A
2%

2 A
2'A

2%

sales being transacted during

current week.

,,

>

Industrials, 9.C6; rails,

——

....

Quotation Burean, Inc.
Range for 1949

28.14
Range for 1948

28.16
-

—

; .*

"cum," cumula¬
stock; "v t c," voting trust certificates;
warrants.

deposit; "cons," consolidated;

Closing

97.39

for

—

J-D
M-S

22

104.03

44.

—

33.26 Jan 24

r;2.35

that

41A

27.79 Jun 15

82 25

and

37/a

Low

hZM

arc

29_

3

40 A

27.95

101.55

9.06

15'A

24 A

20

101.65

to

13%

--

June

101.63

15; composite,

—

High

101.59

utilities,

16
28

Closed

101.69

NOTE—Averages

*14/

80
101/

J.8.

59.59

Industrials

—

3-1

Date—

59.67

13.8;

12 A

*44%
*44%
*30
*70

—

W

1897

Compiled by National

59.24

30

6%

Over-the-Gounter Industrial Slock Average

34.29

the E. I.

„

—

above—"cod," certificates of

34.37

to

—

'

"ir;,5

,

*7 A

receivership.

43.26

industrial

M-N
J-D

"conv," convertible; "M," mortgage; "n-v," non-voting
i," when issued; "w w," with warrants; "x w," without

43.25

for the 30

9

8

being traded flat.

166.77

averages

—

....

70^A
10

83 A

—

value,

166.99

•The

.

/

n

23

165.64

—

41A

*27
40 a

—

M-S

—

transaction

June 24

June 22

J-J

1947

97.41

•

June

—

_

—
__

June

103.84
103.89

101.61

42.90

10

—

a?.58

101.71

165.71

21

June

83 A 83 v/'

M-N
F-A

40

trials

65

Second

165.49

-

.,83 *78%

—

37 A

(35 Stocks)

First

Indus¬

Stocks

18

41

'

—

10

10

Total

15

*40%

—

—

—

...

-Bonds—
10

June 20

6'As

*65'/4
$65'/4

Averages

the New York Stock Exchange as compiled by Dow,

20

J-D

—

tive;

55

49

*49

daily closing averages of representative stocks and bonds

30

June

(not

1

47%

49

1952

1941 coupon)

■

stamped (Plan A)
to 2%

reduced

Government

par

Odd-lot

49%

-Stocks-

Date

Denmark 5s

-

a Deferred delivery transaction (not included in year's range),
d Ex-interest,
(not included in year's range),
f Ex-distribution,
g Ex-stock.div.
biExUnder-the-rule transaction (not included in year s r*nS®)'
1
0
^
included in year's range),
x Ex-dividend,
y Ex-rights, z Ex-liquidating dividend.

•No
e

prlnclpal.

48 3A

*49

F-A

T-J

1952

Stock and Bond
listed

58

49'A

1957

coupon)

Below are the

.

1927)

5'As

102'A

102% 1033/4
52%

~

Low

63

48%

J-D

1957

1941

(Aug

100

*5

52%

*105%

M-N

1955

series F

A 7s

*

52%

Jan. 1
High

Sold
No.

High

„

A-O
J-J

1921

Interest

ARussian

—

Range Since

Bonds

Friday's

on

*Friday's bid and asked prices; no

coup)

1941

series E

A7s

.

1955

1

41

Sec—

C

series

A6I/2S

1970

Lt 3'As

&

Power

(issue of Oct

P™tl>R2TsW(ser0AECDE)
A

3%s

Power

stamped

■P%^?edu(cedto1y.S

Mtge Eank—

Grand Trunk Western Ry 4s

International

100%
117'A

116

52

M-S

Mountain

A7s

7s

Rio de Janeiro

stamped

Green

48'a

963A

15

1961

5s

32 3a

19

—

63%

Co—

1947 coupon

Nov 1

ex

Residential

35%
98%

98

49

3

*117 % 118%

'A6'As with Nov 1 1940 coupon__1953
Finland

50%

353/4

J -J

1956

50'A

Af-N

or

Bid & Asked

-«■

1952

6'As stamped_1958

(Peru)

City

Mortgage Bank of

Division—

Ercole Marelli-Elec Mfg

Danzig Port & Waterways—
AExternal 6'As stamped

AMortgage Bank of Chile 6s

Delaware Lack & Western RR—

5s

102

Mortgage Bank

Agricultural

*1003/4 101'A

89%

Sale Price

Low

1621/2

100%

*162% 185
101%

Last

Period

Exchange

A-O

Water Lt & RR

—

Week's Range

Friday
Interest

BONDS
New York Curb

1981

Elmira

*106i/e

Foreign Governments & Municipalities

ALima

A 1st m^e 4s ser B
Eastern Gas & Fuel ZV26

109

1191/8 1191/s

1st ref 2%s series R

J

88
108

105

F-A

2008

N

82'A
106%

J-D

Maranhao stamped (Plan A)
Interest reduced to 2%s

of

85'A

85

1959

1013/4

4s ser A

50y8

107% 107%

M-S

Union—

993/4

1st mtge

28'a

*15

1960

West Penn Traction 5s

*100% 101

Lackawanna

501/4

*46 %

106%

—

;

54

J-D

*105%

(Bait City)

30

A-O

J-J

4'As

52

*15

1964

J-D

Gas

50

52

2030

3'As

5s—

Electric

West Penn

1969
1976

mtge

<

24'a

Hotel—

Waldorf-Astoria
A5s

coupon

J-J

Gen

8

♦

127

34'a

1S56
1956

1940 coupon

1947

1

M-S

Consolidated

95'A

1122

1969

(Bait)

106 %

A-0

1977
& Pwr

101

1966

i.:

Washington Water Power

1021/2

35

Q-F
J-D

1966

3s ser P
2%s ser Q

77

5

77

5s

ref mtge

104'A

20

106%

106
77

3s

1st ref mtge

99%

1100 'a 103

F-A

Debenture

1st

11

105'a 105%

105%

M-N

"Debenture

Consol Gas El Lt

—

High

106

*105% 106%

1954

__Jan

104

Co—
1940 coupon—1953

6'As with Aug 1

101

100%

10

1958

5s___

''Debenture 5s

106

104

107

96'A

1948

redeemed).™.

(20%

Service

A

•

IO51/2

1998

redeemed)

105%

1103'a

Apr

gCentral States Electric Corp—
A5s

105%

*105% 105%

F-A

Jan. 1

1970

-

-102%

103%

30

J-J

1989
1950

Elec

&

stamped-

Range Since

Sold

*106% 107

J-J

1960
6s

2%s

114

100

—

104% 105%

105

,

Af-N

1964

C

Steel

~2~&

J- J

1.1955

City Electric 3'As
Telephone of Canada—

Edison

2nd

110

112

1102'a

M-S

Industries—

(Hugo)

7-4s

1109

%

8% May

Week's Range

Last

J-D

1953

,

Atlantic

series

Apr

104% Mar

lii Jan

2,200

Low

5s

5

Jan

101

■'

Interest

Appalachian Elec Power 3'As
deb

—

Gas

6s conv s f debentures

5s
£1

100%

1100

A6'As ex Aug 1 1947 coupon—1953
United Electric Service Co—

Ltd—

Electric

3s

Terni Hydro-Electric

151/2 Mar

300

New York Curb Exchange

Boston

Jan

150

Friday

Bethlehem

Apr

300

.

Bell

Jan

4y8

BONDS

& Tel

A

Jan

100

pfd

Stinnes

Apr

10

28

'

Tel

9
8

Apr

13'/4

preference

Assoc

Jun
Feb

9

27 %

Wright Hargreaves Ltd

Associated

May

19

51/4

13

104

—

(Hugo) Corp—
3rd stamped

A7-4s

Jan

13

common

W)

t

Jun

156%

101%

Jun

21/2

*

American deposit receipts
'«

"7%

~9

1

Inc

Petroleum

"71/4

25

w

common

Industries

Woolworth

161/4

1

Stinnes

Jan

2

14

26
36

(Calif)

collateral trust—

5s

Apr

155

Jun

14

250

Jun

27 y8

20ya Mar

28

•

Wisconsin Pwr & Lt 4%%

Woodley

Feb

3'As

Gas

Spalding (AG) 5s
AStarrett Corp inc 5s

Jan

211/4

27%

5

common

preferred

Winnipeg Elec

7%
II51/2

61/2 May

10

Willson Products Inc_

Apr

112

l

Wickes

Jan

1%

138

1

Whitman (Wm) & Co
Wichita River Oil Corp

4%

2%

200

~7'/a

Feb

7/b May

31/8

148%

1970

1

Gas

Counties

Jun

10

Weyenberg Shoe Mfg

Southern

Jun

112% 112%

20

Westmoreland Inc

Jan

1/2

•

com

Westmoreland Coal

Southern California

61/2

Warner

8

2

1973

A

Mar

2 %

May

A-0

1971

1st & ref M 3s ser B

150

7/s

3%

Apr

10,600

8

%

l7/a
9%
111

50

1973

Jun
Jun

1,000

26

51

102'a 102%

A-0

series

106%

1965

3s

California Edison

8

200

106%

105%

155% 156'a

.156%

M-S

Joaquin Lt & Pow 6s B

*109

8

8

;

105%

—

106%

146'A

M-N

iy4

Wagner Baking voting trust ctfs ext.*
7%
preferred
100

95

..

115

1960
J-J

San

104%

93

Co—

Gas

59-year 6 % debs—
—1998
Queens Borough Gas & Electric—
5'As series A—
i—_—1952

Southern

108

103

Jan

W
Waco

105%

.106%

4

.

—

*105%

J-J

coupon—1960

1940

1947. coupon

1

Public Service Elec

Apr

341/4 Mar

•

Jun

1% May
11 ya Apr

104%

Co—

Hydro-Electric

A6%s with Oct 1

A6%s

Jan

J-D

Scullin Steel inc mtge 3s———1951

27

3%
2Ve

:■
:

Venezuela

..

—

*93%

J -J

Safe Harbor Water Power Corp 3s_1981

Vanadium-Alloys Steel- Co______

.

j106

65

103% 105%

7

106% 106%

A-0

1st mtge

1968
1971
1964
Pennsylvania Water & Power 3%s_1964
1st mtge

Apr

--

l

104'A 105

105

Ohio Power

Jan

23/4

Piedmont

common.../!.

Corp

M-S

57

59

M-N

3'As

Valspar

*57

Feb

26

Fen

.

A-0

..1963

—

Light 4%s_-_——1967
New England Power 3'As
,—1961

Jun

3b'a

400

40%

102%
108%

Midland Valley RR—
Extended at 4%
to

■•

105

*109% 109%

Jan

■

*21

u03

Jan

■

,

J-J

13a

43%

50%

—

.37

J-D

1%

—.5

415
434

.,—1963

6'/a

21%

-

—1969
1956

Jun

-

52

78'A

27%

75

.—1966

Jun

;

High

62

48

3%s_

1

42'a

Jan. 1

Low

Light 3'As..
McCord Corp deb 4'As

3'a

21%

73'A

J- J

Superpower 6s___

300

*

Range Since

Sold
No.

High

.

1952

Kansas Power &

1

— —

Bonds

Friday's

J-J

1

1,800

or

Bid & Asked

coupon_T_—1952

Kansas-Electric Power

79'a Mar

-

74%

Week's Range

Last

Sale Price

446'A

ctfs

escrow

Isarco Hydro-Electric Co—
A 7s with Nov 1 1940 coupon

3%

-.10

Utah-Idaho 8ugar
]
;
Utah Power & Idght common

900

Ferod

Co—

Power

A Debenture

7%
52 %
'

12'a Mar

1,200

Interstate

40%

Jan

1

Apr

1

—10

c
common

'

Interest

Exchange

Low

3%

—10

Universal Insurance..

r.

New York Curb

I

1%

42'a May

800

2%

73

'

_50c

...

Universal Consolidated Oil
Universal Products. Co

2%

24

3%

1

.

Jun

37'a
6%

800
..

14

13'a

.2%

,

8

U S Rubber Reclaiming Co

1

'

14

_.Il

oommon

7

1

i

1

U

$5

46'a

.100

U 8 Foil Co class B

•

%

——

38%

1

common

JUNE

High

5'a May

47%

25

Specialities

0 8 Air

U

-

**

'United

8

Low

3$

EXCHANGE

ENDED

Friday

Range Since January

'

-

WEEK

BONDS

Shares

High

——

CURB

FOR

(2779)

CHRONICLE

for Week

Range

Par

FINANCIAL

Sales

of Prices

Sale Price

Exchange

&

28.32

High

37.83 Jun 10

28.39

Low

32.3.7 Dec 29

36

THE

(2780)

COMMERCIAL

&

FINANCIAL

OTHER STOCK
RANGE

FOR

WEEK

CHRONICLE

Monday, June 27, 1949

EXCHANGES
JUNE

ENDED

21

Friday

Boston Stock

Exchange

Friday
Last

STOCKS—

Par

Range
of Prices

Sale Frice

for Week

Shares

International

Range Since January 1

KelJogg
Par

Agricultural Chemical

American

Low

*

Rights

——

Anaconda Copper

Boston Edison

102%

Jan

138

Jun

150%

Jan

May

15%

—

22%

Jun

38%

Jun

35

Jan

Middle

120

$1

Jan

260

100%

Apr

1,290

40%

Jun

43% Mar

8%

class. B 1st preferred stamped_100

—

7%

class C 1st preferred stamped.. 100
cl D 1st preferred stamped-100

31

—

376

15 %

Jun

19%

__

Personal

Boston

Trust

Prop

Jun

5

90

5

7

3%

Jun

6

Jun

9%

Apr

16

275

14% Mar

44%

182

39

17

Oak

6%

5%

series A——_-100

preferred

1st

Capital

26%

26%

10

26%

Jun

39

540

19%

Jan

23

;

34%
27%

*

»

—
—

Mergenthaler Linotype
Narrngansett Racing Assn_._.

—.-1

__

England Electric System..——20
England Tel to Tel
100
Blttte Mining.
2.50

New

New

Hteth

Northern

RR

H)

(N

Pennsylvania RR
Quincy Mining Co

100

50
-25

—

—*

.

—

<•

Apr

Shellmar

Jun

40%

Jan

Signode

Jun

33%

Jan

Sinclair Oil

5%

i

t75c

50

Jun

Jun

40

504

56%

South

Jan

■

Torrington Co

30%

•

.

5

Union Twist Drill

Feb

68%

-

46

50%

9 A
11%

100

8%

Jan

Jart

42

42%

100

42

Jun

64 %

Apr

24

Jan

;

.

42

10%

Jun

15%

8

40

Jun

22%

1,300

19%

Apr

1%

1%

COO

13A

Jun

7%

700

7%

Jun

11

Jan

10
1*

.12%

12%

12%

100

12

Apr

14%

Jan

_1

,

2l%

22

150

21%

Apr

25

Jaii

50

50

100

47%

Jun

59

Mar

"

26%

26%

50

25

Jun

31%

Jan
Jan

"f

•

io

'

'

20

common

:

Apr

87%

Jun

45c

Jun

100

'

'

'

249

14

Jun

'

4%

17%

Bend

Admiral

65

12%

Feb

12%

Feb

40

16%

Jun

18

7

224

29%

Jun

34%

20

7

Jun

9%

^an

50

20

Jun

23%

Jan

6%

6%

200

6%

Jun

9%

14%

400

14%

Jun

17%

5%

14%

6;

150

4%

Feb

(

T

34

27%

35%

Jun

Jan.

x44%- Jun

54% Mar

275

42% May

31

31.

30

31

Feb

9%

100

9

Jun

VJan
11% Jan

36%

500

34

Jun

39%

Jan

23

23

200

22

Apr

2.8%

Jan

13%

Apr

9

.

•

•

.*—

,

„

10%

20%

qapital——5~"

10%
-20

.14*
'

—a—20^

common,

~

11

14\

7%

10%

Jun

19

Jun

>24

50

14

Jun ;

.

150

...

V.

7%

.

400

7

60

32% Jun
12% Feb-

14%

Co

326

■

20% May

Air

Light

S

steel

Wieboldt

,

25 ',

:

Lines

26%

38%

;

36%,FebJ

500

7%

28%

400

51

2 /

20%
*'.:•'. %/ ■ • ,

„

51%'*

200

20%

2lr*«

150

,

150:

42.%42%

.

"

'

'

Apr'.
Jan
3----

,

&

Rys

36%

11%

Co— ♦ r

:

.

Li

11% '

•'

,

*

(new)u//_——.■:*

•

YlJ; '
;

'75

common.^—-.;*.

Machine

capital
'

;

'*22%
10%

,

*700

350

4%

19
,,

Jun

7

Jun

2

5%

-J

1
San

St

"
.«

;

•—1

Corp—

Mfg

~i%

3

Automatic Washer common*—
Avco

1

—

—3

1

1%
5%

—

•

Gas

Rights

—5

28%

19

.Jun

Jun

150%

7%

-/

.

20%

2%

2%

20%

.:

,

9%.
11%
26%

,

Graham-Paige

200

,-

...

23%

11,

10.

10

8=

Butler

Bros

Carr-Consol Biscuit
Central

111

Secur

Convertible
Central

.-10

common

'123%

Jun

-300

10%

'

200

11%

27

Jun

/pan

343A Mar

73/4
14

Jan

-

American

Chicago Elec Mfg Co

1

—

—

9%
—~

class

*

A—

'

Jun.

—

11%

8'A-Man.

9

Feb

10%

Jan

40

Mar

493A

Jan

50

13%

Jun

17%

Feb

6%

100

6%

Jun

9%

Jan

2%

50

Feb

Credit

—

50

%

Jun

13A

Jan

12%

50

11%

Jan

14%

Feb

Schenley Distillers Corp_i
Socony Vacuum Oil Co Inc

11%

500

10%

Jun

12 3/4

Apr

Standard

11

2

9%

9%

900

61%

100

Radlo-Keith-Orpheum
1;
Republic Steel Corp common
Rexall Drug Inc_

Oil of N J

—

—

class A—

Corp

1

Feb

Paper Corp

65 %

Jan

Studebaker Corp

30

190

.

30

Jun

30

Jun

Sunray

Oil

Apr

United

Corp

5%

300

28%

28%

100

26%

Jun

30% Mar

78%

81

66 3A

Jan

80

46%

100

453A

Jun

57%

43%

300

30%

Feb

25%

25%

3,400

25

Jan-

27%

Four-Wheel Drive Auto
Fox

(Peter) Brewing

40

22

Jun

38

Candy class A_

General

Finance

General

Motors

22%

100

22 %

Jun

31%

100

5%

5%
26%

100

26%

Jun

3%

400

2%

Jan

47

47

11%

38

250

5

11%

10%

4%

4%

5

1,050

-1%

8

8

8

100

12%

100

12%

12%
5%

5%

100

55

_

54%

55%

700

6%

300

1

common

10

common

Gibson Refrigerator Co common
Gillette Safety Razor

Gossard
Great

Co

(W

Hi

1

Ya

6%

3

common

6%

Wilson & Co

•
--

1

common

10

Harnischfeger Corp common
Heilman

(G)

Horder's Inc
Illinois Brick

Brew

Co

new

Co

-

capital

Illinois Central RR

1

cap.
„

_

common.

For footnotes

common

see page




16%

44.

8 V'a

«

,

15%

100
—

—

«;

Jan

Jun
Jun

4%

9Vs

200

8Ve

Jun

10%

Apr

;

Jan

13%Jan.;'..;,

200

19%

Jun

24%

8 Ve

Jan

12

Apr

25 V2

26%

.500

Apr

10%

900

.

Feb

900

,10%

'

;

Jun

32

9%

Jun

14%

7%
18

17%

•

.

18%

Jun

9%

Apr

•'17%

Jun

27%

Jan

25

600

4%

4%

200

-

,

4% Mar
25%

14%;

14%

14%

Apr

Jan

5%
30

„

-

Apr

14%

Jun

17%

Jan

Jun

73%

Jan

12

Jun

16%

Jan

16%

*1,300

17%

300

18

9%

9%

300

3

-

3%

•

3%

2,600

Feb

21 y2

Jan

9%

-

11%

Jan

Jan

3%

Apr

Jan

5% Mar

11

11%

Jan

Jun

Jan

Cincinnati Stock
<

STOCKS—

73/4
30

Friday

9%

-

'

Par

Feb

3% May

American

Laundry

95

Jan

Beau

Jun

12'A

Jan

Burger Brewing

4

Jun

6

Jun

9

Apr

Brummell

:

Champion Paper

10

Jun

14%

Jan

Gas &

Cincinnati

Electric

20 %

150

12

5

170

4%

High

Jun

25%

Mar

15%

Jan

Jun

5%

Apr

Feb

13%

13%

20

12

Jan

14

19%

19%

19%

75

18%

Jun

23%

common_8%

29%

28%

29%

390

*26%

Apr

30% May

4%

578

4

Jun

7%

5%

Jun

52

Jun

6

6

% Mar

62%

Jan

67% Mar

76%

Jan

__

May

Cine

&

Drug preferred

Sub

Bell

Tel

_50

;

13

100

12%

Jun

17

Jan

14%

350

14%

Jun

15%

Jan

Kahn

(El

-

68%

__

100

16%
6

100

preferred—,

common

70

134

Jan

50

60
-

—'-

100

10

16%

10
50

6
60

1

100
-

15%

Jan

100

Jan

Jun

19% Mar

6

Jun

10%

60

Jan

64% May

Jan

45%

45%

44

45%

Jun

47 %

50

*

50%

105

43%

Jan

51% May

50

7%

Jun

17%

526

57%

Feb

66%

Jan

113/e May
Magnavox Co

19

Jan

22

16%

16%

450

15%

Feb

17% May

Procter

13

100

13

Jun

17

Jan

Western Bank

Mar

&

Unlisted

l

7%

9%

11%

Jan

24%

100

24

Feb

30%

Jan

American Airlines

14'A

300

13

Jun

18%

Jan

American

2%

2%

200

Jun

43/4

Jan

American Tel & Tel

:

7%

7%

*

Gamble

14%

2Yb

»

^10

Sons 5%

13

7%' Jun

68%

100

J

Eagle-Picher

8% Mar

4

Feb

Hatfield-Campbell common
Participating preferred

550

325

12

4%

25

Jan

50

Low

21%

*

Street

Jan

20

Range Since January 1

High

12

*,

93/4

250

Shares

21

it

Fibre

&

327A

10%

for Week

of Prices

Jan

6 3/4

21

8

Jun

10%

Sales

Range

Low

Machine—20

^

Jun

14%

Exchange

Week's

Last

*

,

Jan

Jun

46

2%

—•

«

62

61'A

62%

8

—'

7%

7%

.

50

7% Mar

8

Jan
Jan
Jan

Stocks—

Rolling

—1

Mill

-9%

10

21

1C3

139

20%

9%

25

21

153

138'A 139

225

<-

..Jan

60%

1

—

—

common

24%

_10

—1

Jun

9%
3'A

10%

1

24%

27

20

-

—

Independent Pneumatic Tool common."
Indiana Steel Prod

10%

3

common

Jap.
7%-Apr...

May

Kroger Co
Hammond Instrument Co

':/.3%

20-

26%

15

100

27

12%

27

3

common

|*akes Dr St Dk common-

,10%

.,,14% May,

100

1

Corp

Jan

1

7%

Dow

Corp
Corp

300
,

—25

common

Cincinnati

General

10

1

Jan

—10

-i

common

,

1% May
Jan

47/8

1%

^

Jan

243A

Jun

3%

__

_

Flour Mills of America Inc

200

1,000

46% May

5

26%

.

■

3

(Thei_

;

:

Jan

11% May

Jun

9

Baldwin

Eddy

■'

Jan

39%

9%

•
—2%

Spring

61 %

22

—

5%
A—5

——

*

■

7%

Jun

4 % Mar

%

43%

25%

—50

Dodge Mfg Corp common
Domestic

1%

.

,

9% Apr

May

800

20

Sale Price

Doehler-Jarvis Corp

•;

*

Apr-

*3%

-

100

46%

—

—

...25

(new)

..

'

5/6A May

Jun

.-34%

3U0

i

;T3% Jan

-8%

Co
33%
Pure Oil Co (The)
common
Radio Corp of America common——*

Co

Cumulative preferred

1

3%

3%

Paramount Pictures Inc new com—1

150

78

28%

10

Commonwealth Edison common
Consumers

•

Jan

•;*li*%

.11%- Jan..

v 10 •

•

9%

5%

m- —

3

-2%

Cities Service Co common

33%

;

■

Jan

22%

Towel Co common
Chrysler Corp (new)

00%

•

Jan^ 1:

Jun

7'A Jan

—

11%

5
capital-——*b

15%

30

—

3

•

Chicago

,'Jan V»

'

«

Chicago Mil St Paul & Pac v t c.
Chicago R I & Pac Ry common

RR

44%

61%

0
-

34%

Airways Corp_—^2%

Standard Steel

Chicago Corp common
Convertible preferred

5-:;

Car

12%

""5

common

,-<;

103>/2,

9%/Jun

700

11%

Motor

%

3

■

,

11%

New. York Central

May'

9%

'

•

35

/'26%- Jan ^

Jun

"

6%

2%

1

common- —1

preferred
W

& 8

common——

Corp

*•

'

1

6 %

6%

/.--

Jun

1,100

8%

,,1%

15%

•

JUO ..Mat
14% Jan

5%

t

44%

9%
— —

'•

Feb

Jun,

% 19%. Jun

10

6%

Jan

5

Jun

■

-kMay

,

1/128

4

7%

300

Jun

"...

8

2%

25%

200

-

1

Nash-Kelvinator Corp

4%

•

;

Jan

10

300

24%

10%

Motors

Jan

5%

100

13

-7% - Jan-:,

400

:.

Jun

86:May* -'

Light—-

Laclede Gas

2%

1 %

9%

12%

'; Jan...

10% May«-

10

I"

-*•..,

Jun

250

300

;

13

79%-Apr

Jun

Jan

500

—

-

Jan.;., '

-

"

.

1

Co

1%

5

capital——

'26

10%

.2,400,

20%" 21-

-

;—k—

Pepsi-Cola

Brach.St Sons (E J)

Jun

!,'

.24% May--

• -

74% fob

•

200;

26 Ye

__

1

-.2

—

Apr

9%

Borg (George W) Corp

jun^r

-;IO%.Jun

:—

1

1,000

4%

Burton-Dixie Corp

!%>Jvn'>:,i"fr 2■>. Jun'.

20»a

100

11 %

24%

fehal. Public Utility Corp

Jan

9%

—10

Jan

Mar

v*

'

System Ine (The^a—

erai Electric

Jan

Jun

—1

;

Jan

.

44 % Mar

41%

■

Jan

5

common—— -2%

Berghoff Brewing Corp
Bliss Si Laughlin Inc

25
'

r

Jan

138%

1%

28%

1^55V2 May..

Jun

^ 10%

'l^2sr

-

10%

»'/,

± 9

,

25

i

w

Packard

Bendix Aviation

Feb
May

.

'-34 •'

*

—100

10%

11

V

^ ;

newr_-_—

common

Curtiss-Wright

5% Mar

400

'

Jan

Jiin

"100 *

.22%

75/

.«

9%

com___* /

Copper-;Mining-—_50

Continental Motors;

,

Asbestos Mfg Co common

Jan;

32%

20

800.,.

f:

»•'

;

:
xlO:1
Topeka & Santa Fe_——100

Columbia
•

Jun

200

5%

11%

Jun

49%

.,"00

»—

;10%

.

Air.v^inesr lhc^_>j__^i;i:i__il

Canadian. Pacific Ry Co
Certain-teed Products •

20 % May

10%

17% May

150

138% 138%

Apr

Jun

42%

.

10

21%"

,75 7
.10%

.

'

____5

Alitghanyi,' Corp,, i—

High

:

Jun

200

17%

-41%

6%

.

V "

•

:1 %

*

21%;,,. 2L%

com/_12%

Mfg

&

•

Stocks—km.'aa/'

American

■

•

Low
J 9

15% Feb v

17%

-4% Mar

27%

"

180

36%

—————10'

Stores Inc

Unlisted

Range Since January 1

500

1

Mar

10
(

,

400

7

100

.

-

,

High

4%

3?A.

28%

-

capital <new)i«*r-v* 36% V

Inc

comomn

Bethlehem. Steel,

Shares

7

.

7%
»

25 /

.—

common

Wisconsin; Bankshares

Sales

4%

,

37%

;

Cumulative prior.preferred

■

.<

Atchison

for Week

.

1 3%,

com_i—5

new

stock——L—_25

(The)

(The)

Yates-American

18%

5%

Jan

Jan

43% Jan

56

35'%
12%
22%

19

—5

———

Jun

2%

Jan

21%

•

j; 3%

Farnsworth Television & Radio——1>, :m.»

Armour AP Co common;

33

;

300

*

20%

■

14*

——2

Dredging

Co

U

52% Jan

,

18

■

Jan

Apr

Jan

2,712

47.

19

0

Jan

6

35%

*; *

common—

Works

Westinghouser Elec

Range
Low

Allied Jiaboratories common—r_—
American Tel & Tel Co capital.!—_ ZlOO

Jan

400

14%

__

common—*

Corp

VRights-r—J—

15% Apr17% May

of Prices

Corp common ——:—
Advanced Alum. Castings———^— i—5
0
Aetna Ball Bearing common-— 1—

16%

__

Lathe

United

Feb

120

—10

new)__—

16%

Jan

7

Jun

1

(

25% Mar

1

a

Corp—

United

200

28 %

..

Last

Par

'

.

Acme Steel Co

31

Feb

20

5

common

Union CarbideCarb

Week's

Sale Frice

Apr

22%

r__

Trane

'

(

25

250

7

50

208 South La Salle- St Corp..

Chicago Slock Exchange
STOCKS—

150

24

25*

r

common

Steel .Strap

Anaconda

'

25%

23%

16%

Armed Steel Corp-^,L—^.

'

25%

1

common

American Radiator

[

Jan

__

—

*
2%

Stockyds capital——.*
capital/.*
_19%
& Co capital
*

Texas

Jan
Jan
Mar

108

:

Friday*

23/8

10% May

79

280

2,000

14%
4 A

34%
12%
21%

.

Feb

7V<

common

Sundstrand.Mach Tool

Jan

27c

1,155

9
32c
100

10 .,
Waldorf System Inc_„Wtottafhouse Electric: Corp-wu—-12%
- 22%

.

3

20%

Co

&

Swift & Co capital

47, >-47%

U'8 Bnbber Co-2_—

8%

22%

.Standard. Oil oi Ind capital—

11% May

65

81%

45%

-

Jun

Jan

28

'

—

•

25

6 3/4

* 7%

—

common

Prod

Standard

Jun

Jun

47
.47%

UBited Prttlt CO:
-A
United8hoe Machinery common

200

•

Spiegel Inc common
58

13% 13%
14% ; 14%
29% 30%

,

6%

Apr

23%

337

■

Bhawmut Association

Stoma dr> Webster Inc——i——.,r

6%

Jun.

46

14
4%

14

*6%

Cummins

62 %

34

1,189

Co

Nat

44.79

10

27c
100

22c

Jun

Roebuck

Feb

93

8%
80%

—

100

_

8%

...

-

—

Louis

Schwitzer

Jan

9%
11%

—

5

Nash-Keivinator

103A

5

.—

Car

Shoe

(The)

53%

17

62

59

—

Co

42.20

350

46

pfd———100

400

*

common—'

Manufacturing

Sears

607/e 62%
42.20 42.20
34% 35%
25% 27%
90c
90c
43
44%

62

Razor

Maine Central RR 5%

St

May

—

-11 %

_*

Pennsylvania RR capital-—

Jan

20 %

*
1

Feb

13

10%

Jan

20

Co.——*
Me Royal# Copper—
—15
Kennecott Copper
*
Safety

68%

Jun

—

Corp

Electric

General
Gillette

57

—

First National Stores
General

20

_100

Inc

Lines

Steamship

Bush

Potter

59

Ward

Peabody Coal Co

:_._*

preferred adjustment

Eastern

58

—

Jan

15%

vtc—__ ___1

common

Standard

Parker. Pen

Apr

48% May

Feb

Ry—

Street

Mass

—

27%

Jan

Jan

5%

/'
Eastern

Mfg

American

Nunn

Apr

40

43

15%

10

Cities Service

Jun

10

'

common

Northwest Bancorp common

Jan

210

4
5%

23

300

7

Jan

43

Jun

30

3%
5%
15%

—

—•

75

High

300

12%

_*

capital
common

preferred

prior

National

31%

5

Co

&

West Corp

Modine

RR—

—100

10%

Field

Marshall

Feb

25%

North

preferred

prior

Low

23%

32%

,

McNeill & Libby common
Lindsay Lt & Chem common—*

Miller & Hart Inc

15%

Range Since January 1

High

23%

common——.

common

Montgomery

100

Stamped

7%

Co

&

Shares

Low

•

Llbby

Boston Elevated Railway-

Boston & Maine

Switchboard

A

for Week

111 May

75
215

26"%

102% 103
40 %
41%

—

40 %

6,167

IA
27

25%

-100
25

Boston & Albany RR

l/«
26

—

Leath

1

2,413

—

*
50

American Woolen

75

138 % 139%

138%

High

34% Mar

35%

35%

—

—100

American Tel & Tel

LOW

High

(new).-!

Harvester

Sales

Range
of Prices

Sale Price

Sales

Week's

Week's

Last

STOCKS—

7%

Jan

19%

Jun

21V2

Jan

Jun

150%

Jan

138

9% Mar

«'

■

THE

Number 4815

169

Volume

COMMERCIAL

FINANCIAL

&

CHRONICLE

(2781)

OTHER STOCK EXCHANGES
range

Friday

Week's

Last

stocks—

ended

june

24

Shares

8ale Price

Range Since January 1

for Week
Shares

Low

Par

High

Low

High

Range
of Prices

Last

-

Sales

Week's

Friday
stocks—

for Week

of Prices

Low

Par

week

Sales

Range

Sale Price

\

for

Range Since January 1
Low

High

High

•

Chesapeake

Ohio

&

Service

Cities

-

50

29%

Jun

34%

42Vs

44Vt

109

3*77/s

Feb

48% May

Gemmer

26%

26%

50

29

Apr

General Motors

12

Apr

Gerity-Michigan
Goebel Brewing

43%
*

•

—

—

&
_±

Southern

161

10

93/4

Jun

3%

3

Jan

8y4

8%

2

7V4

Jan

10

90

26%

Jan

24% Mar

30% May
28% May

28

28%

-7

Federated

26 %

28%

93

120

.

Hoover

Apr

Ball

Hoskins

New

York'Central

Ohio

343/a

Jun

39%

Jan

147

513/4

Jun

62%

10%

45

10

Jun

13 Va

Jan

25

25

50

24'A

Jun

31%

Jan

King-Seeley

14%

14%

16

14

Jun

17% Mar

Kinsel

10

10

—

15

Standard

;

Qil

(N J)

Standard

Oil

(Ohio)

S

Steel

*
12%

r.

WestinghQUse Electric

_.

Jan

Kresge

14%

80

14%

Jun

17%

Jan

Lansing Stamping

Co

(S

123

17%

Apr

215/8

Jan

Masco

121

60 y2

Jun;'

78

Jan

McClanahan

21%

71

20 3/a

Jun

26%

Jan

Murray

38 Va

22

100

'
.

Jun

of Prices

Shares

Products

Screw

Oil

3V2.

3%

200

95

a30% a30%".

Cliffs

4%%

common

Cleveland

Graphite Bronze

Columbia

Gas

Consolidated

(Un)

System

Natural

:

(E I

duPont
Eaton

228
33

63%

all2

5

10

)

new

Erie Railroad

Brewing common

Manufacturing

Electric

General

Motors

Glidden Co

Udylite

High

Union

Jan

3%

Feb

Jun

3%
138

150%

Jan

10

293%

Jun

343/4

25

Jan

29%

63 y2

Jun

76

42%
112%

Goodrich

(B

F)

Jun

25%

Jun

12

38 Vi

Jun

43 Mi

Jun

213/8

Jun

common..

51

9Va

Jun

l43/e

'

a9%

103/8

a

Warner

Rayon

62%

200

ll/a

800

10%

21%

Jun

64

51%

22

17%

76

52%

a

*

Gl'class

(A

McKee

Allis-Chalmers

Inc

Airlines

Amerioan

Power

Ohio

class

Brass

American

Radiator

Ohio Edison

Oil

Ohio

.1

Pennsylyania
Radio

Jan

American Viscose Corp

13

Jan

American

93/4 Mar

95

37

46

Jun

Jan

33% Mar

413%-Jan

.12%

377

11%

Jan

14

Corp

26 Va

Jun

33

Jan

33

Jun\

37

Mar

53

27
.33

105

*.

■

400

3%

3%

Jun

,.4%

Woolen

(Un)

4

•

-

■*#.»*" it

;

V

*"'yf

.

Armco

3y2

Apr

100

32 y2

Jun

.10

30

27%

Jan

33

50

23%

Jun

33%

\

Jan

255

14 Va

Jun

173/4

50

9%

Jun

143/s

Jan

.27%

Jan

*'

V

173/4

Jun

5

•

■

■

6%

Jan

23A Mar

2V4

500

2'A

Jun

2%

Jah

14%

100

Jun

18%

Jan

7

*

■%'

7

-

Jun

43% Mar

20

Jun

26 y2

Jun

10% Mar

6%

Feb

6% May

88c

1%

9'A

Sales

of Prices

Shares

Low

'273A

—

Range Since January 1

High

Low

High
27%

250

27%

28%

Jan
9% Mar

Jan

7

Jan

9%

9%

1,755

93/8

9%

200

8%

Jan

10%

10 3/4

11%

502

10%

Jun

14%

49

42

184

138% 138%

990

—

—

ll3/8
-

'

138%

54

Feb

Jun

150

Jan

-

165

54% Mar

57%

450

23

Jun

37% "Jan

(Un)„30
.—10

Co

26 %

26%

26%

558

25%

Jun

35%

Jan

20%

21

230

20 Vs

Jun

27 Va

Jan

5%

5%

l.fo

*

a56Va

a543A

:

(Un)

(111)

Co

T

a

56%

•'

Jun

.7% Jan

90

Mar

95% Mar

79

5%

(Un)

5%

310

5 %

Jun

9

—13

9

365

8%

Jun

-

7%
12

Ohio

&

RR

Corp

Bros

10%

7%" Jun

8%

100

2.75

2.80

400

2 fto

Apr

15%

15%

178

15%

Jun

25c

45c

10,200

25c

a41% a44%

120

40

295

20

8%"
k

—

10

Consolidated

Barnhart-Morrow

-

Oil

1

25c

a43%

20c

11'A

11%

Bendix Home

a27% a28%

333/4

Jun

42

Jan

Bolsa

20 y»

Jun

5

8%

83/4

215

*
2
;—1

24%

24%

424

5

5%

(Un)

Corp

j

Chica Oil Corp—

(Un)

Borg-Wamer Corp

6'/2

Jun

9

Jan

7

Jun

12

Feb

74

Jan

Budd

(Un)

Corp

California Packing

Products

*
25
(Un)—*
1

>

Pacific Ry Co

Caterpillar Tractor Co

Watling, Lerchen & Co.

—*
—*
*

Co

Byron Jackson

Chrysler Corp

—

—

_—

(Un)
(new)

Corp

"7

7%

1,435

7%

7%

260

a203A

a21

200

York Curb Exchange

S/

'

Jan

Jun

75c

Jan

Jun

473/4

Jan

11%

Jun

27 Va

Jun

18%. Jan
34% Mar

DETROIT

Cons

Chollar

&

Sav

8 3% Jun

Apr

23%
5

33%

Jun
Jun

.

10

Jun

7

7%

9%

Jun

.24

Apr

28

14 >A

Jun

10

Jan

Apr
Apr

32% May

32% May
10 3/4 Jun

93

Jan

63 Ys Jan

46% Feb

24

Jan

63/4; Jan
10

6% Jun

May

Jan

28 %

170

a9%

30

46%

46 3/a

641

44% Jun

56% Jan

43s/a

43%

176

38%

Feb

48

May

al3% al3%

a

20

123%

Jun

19

Jan

10

Jun

11% Apr

15

Apr

17% -Apr

25%

Jan

26% Jan

28 %

-

.10%

335

10Va

al4al4%

75

a253A a25%

14'/a

103

3%

1,630

1.30

10

.

a25%

(Un)—•
1

Corp

Sou

&

Gould

7

a9"%

25

3%

(Un)—<

Commonwealth Edison Co

Commonwealth

'

Jan

4% Apr
21

al0% all3A
-

Columbia Gas System Inc

% Chicago Stock Exchange

47

a313/8 a313/8

all%

"

(Un)-x.
•
Commercial Solvents Corp (Un),———*

7

:,<• •

a20%

Colorado Fuel & Iron Corp common—•

Members

179

7%

10

(Un)

Cities Service Co

8%

a44 Va a44a/4

25

——

,

2,117
3,330

7%

5

Broadway Dept Store'—

Jun

Certain-teed

'

_33%c

Corp

24% May

Co

"

(Un)

Diamond

Canadian

,r

113/4

Appliances Inc

Aviation

Bendix

.

5

(Un)

Co

Basin Oil Co.L

75

Exchange

Jan

Apr

"

1

—1

Blue

ir

-

Feb

5

a82 % a83 %

—100

Jan

533/8

Jan

Jun

42

__

,

26%

(Un)

45%

40

Apr

25%

common

Jun

140

Jan

26

Company

34%

160

Jan

10

Jun

•

(Un)„■—_—14

Bandini Petroleum

120

-

Apr

1%

Jun

May

"1

for Week

Jan

*

*

-

SVa

200

Range

'

r

Barker

Baltimsre
*

50

a56 va57%

: Ford Building'

14

875

Week's

100

(Un)

Co

Bethlenem Steel Corp

6%

6%

ii

7

Publishing

Jun

210

a215/s a213/4

Youngstown Sheet & Tube_.

17
37

*

a36% a36y2 *

Exchange

Jan

14

Feb

May

75

a345/s a34 %
*

New York Stock

12%

Jun

2»A

Jan

143/a

y

—

Detroit Stock

Jun

liy«

100

200

5
Atchison Top & Santa Fe Ry (Un)-100 1
Avco Manufacturing Corp
(Un)—„—3
8s

Armour

40 3/4 Mar

38%' 38% 7
a20% a21%

Van DornTron Works 41—
:

Jan

200

,aioy2,Aioy2;

(Un)

10 Va

15j

*

Apr

4%

68

3%

14%

Union Carbide &-Carbon—_
U S Steel new common

World

23%

183/4

a

al8V« al8ya

Thompson Products Inc-

680

11 %
2>A

400

-

Copper Mining
Steel Corp
(Un)

Barnsdall

Standard Oil of Ohio common
■V

IOV2

Jan

33 y2

50

1—.

1

Bros

1% May

1,100

.

May

a253/s a25%

Republic Steel (Un)
Richman

Jan

Jun

lVa

(Un)„*

& Tel Co

14%

50

a29% a293/4 *'

RR (Un)
of America 'j(Un)

Jun

6y2

1%

9 Va

1
1
*
—*

w

V

1 •

9%

5 V4 May

1

Refining

American Smelting &

Jun

3% 1

-

—

-

73/4 May

88c

1%
—.

(Un)—•

10

33 %

;

x.—j:

(Un)
'

,

150

300

1,100

9'A

San

170

110

.

al8%

.:

May

5%
iys

6'/2
1.00

•

(Un)

St

&

Jan

3%

3%

-It

B_—

Jun

9

•

(Un)

Light

&

453/8

26%
33

__1

—

National-Tile & Mfg

27 V*

Angeles Stock Exchange

(Un)

Baldwin Locomotive Works,

National Acme __*1

29

Jan

6'/a

Last

Mfg Co

Jun

11%

12%

!•——4

Metropolitan Brick Inc

Jan

Jan

18%

8%

Sale Price

Mar

.37
a37%

37

:

4'A

3% Jun
24%

650

93A

147/8

__

Par

10

£ a37

—*

B

Jun

792

•

Medusa Portland Dement __——4—~* i,

Jan

10%

2.00 Mar
13 Va Mar

2'A

—

1

34

10

•

Jan

\iya

Feb

2'A

• •

Kelley Island Lime & Trans——

2%

Apr

11%

2

Industries

36%

36%

>

Jun

1%
95c

5%
lVa

1

Aircraft

156

.11%
37

Mar

Mar

93A

Friday

Jan

160

17 %

10

1% Apr
39% May

2%

100

3%
28%
21 Va

3%

28y2

36

"575

12

Jan

17

Feb

Feb

Jun

Jun

a55 Va a55V#

1

(Un)

Apr

10Va

stocks-

Jan

Jun

34 y2

a54% a547/8

preferred——-—-4.—-50

Bros

Industrial

1%

lVa

4

Anaconda

H^lle

100

1

Los

Jan

45

al75/s

common—*
i—*

Stores

2%

2JA

1

Wayne Screw Products..

Jan

40

353/a

34%

Cooperage clasS A_——_*

Mar

iy>

165

2'/a

iy8

■

Bros

1%
38%

93A

5

—

Corporation
Investment

American Tel

Greif

1%
38%

—

—1

:

47% May
32% Jan

Gray .Drug

6
4

Jan

15

100

26

46% Mar

25

10

Goodyear Tire & Rubber

225

1

B

Apr

12

40

0

16ya

16

10
class

Tube

Jan

9%

a24% a247/8

Co

8%

Jun

Jun

20%

a46V8 a46 Vs

10

Jun

Mar

Jan

Feb

212

10

a39% a393/s

:—_*

4%

Jan
Jan

12

Jan

36% Mar
109

50 V*

(Un)

270

19%
14

May
Jun

Jan

2
*

common

4%

Jun

Jan

9%

Jan

Apr

(Un)_

45/a

1

—

Timken-Detroit Axle

Range Since January 1

43

(Un)

3

28'%

5

Manufacturing

Standard

American

General

3%

200

—

1

Motors common

Scotten-Dillon

50

(Un)

1,10)

3%

*

(Un)_—5

common

4J/2

33A

12

*

a45 Va a45%

Manufacturing

ii

—

*

..10

a21%.a21 %

;

12%

120

l3/a

1

Parke, Davis common

Jan

—15

Chemical

Dow

65%

a39% a39%
all2

15

(Un)

Gas

5

65 %

•

*
1..:
*

preferred

28

a26% a26%

$4.50 pfd—4—100

Iron

.

_

*

Products Corp

Cleveland Electric Illumin

100

259

__

Woodall

Cleveland

12'%
ll'A
97/a

1%,

Packard Motor Car

Low

'

City

12 y2
IIV4
9%

1

—

Corporation

Sheller

High

al38%al383/8

3%

Chesapeake & Ohio RR (Un)——4—25

8% May

for Week

Low

50c
100

(Un)

Tel

Jan

__

1

Superior Tool & Die

Range

Last

Sale Price

&

5%

527/a

4%

—_10

S)

Pfeiffer

43% Mar
-7

Sales

Week's

Friday

Manufacturing

350

8

16 Va

-

26 3/a

20s/8 May.

Cleveland Stock Exchange

Tel

5%

„

24% May

Jun

20'/a

120

22 3/8

38 5/a

175

39%

223/8

*

Rudy

Brass

Jun

11'A

1

14

River Raisin Paper common

American

3

—

1

1

Drug

Jun

Reo

Akron

200

•

1

93/4

18 s/8

^

Par

Feb
Jan

3'/2
8'A

„

\

_>__5

5

21%

——

stocks—

Jan

61%

3'/2

__

1

Motors

Mfg

common

64%

*

inew)_

Lock &

i8y4
.

-

U

.

Hurd

627/a

18%
635/a

—10

Timken Roller Bearing—

,

21

*

25

Brands

Standard

9%

Jun

646

*

—

Kaiser-Frazjr

14%

.50

_—

Feb

Mar

8

6%

Jun

Feb

25

Socony Vacuum Oil
1 j

121

55%

——

Radio Corp

250

3%

54%

3y2

10
x._2%

Bearing

Electric

35%

—

Pennsylvania RR

&

10

Oil

205

54%

1

,

"

8

"

1

Corp

4ya
8

4

__

1
10

-

Manufacturing

343/8

.

55%

—10

Motors

—

Houdaille-Hershey common
Howell

General

Manufacturing class B

54

34%

General. Electric-

1

common

3% May

3%

-1

Power & LightDepartment Stores

25% Jun

Jan

27% ,28%

__

__

Industries

Wood

30%

9%

Curtiss-Wright

Gar

"30 %

—

Gas

Commonwealth

Dayton

.

—10

.

City Ice & Fuel__
Columbia

—25

3%
al.30

Mng

a

28 Va

13 y»

Jun
Jan

Jan

3% May

Jun

1.80 Apr

21% Mar

23
Apr
14% May
17% May

i

1.15

'

,

..

:

1. ■

.

Telephone:

WOodwajtt>2-5525

Consolidated Liquidating Corp

1
•

Consolidated Vultee Aircraft

Corp

Engineering

(Un)

1

Creameries of America Inc

Zellerbach Corp

Crown

Detroit Slock
Friday'
stocks—

Sale Price
~

.

Allen
Altes

r

Par

,

"Electric

Brewing

—_i—

Products

Brown-McLaren

1

v

—

1

7%,

Class

Range Since Janaary 1

2%

7%

-

100

5%

Feb

7V2

Jun

100

91c

Jun

•

3% Jun
6% May

Cleveland

Detroit

&

Detroit

Edison

10

Navigation

Apr

20%

32%

Jan

35 % May

AVb

200

4'/a

Jun

5'/2

Jan

21% .;213/4

3,668

20%

Jan

22%

Apr

21%

20

,

18

365

5

Detroit-Michigan
Detroit Steel

Corp

Stove
—,

common

1

1

.

3

—

6Vs

1

46 Va

6

Jun

Federal

Motor

Frankenmuth
Friars

Ale

Fruehauf

Truck

Brewing

•
.

1

Trailer

1

For footnotes see page




44.

33/4

Emsco

Exeter

Jan

150

11

Feb

15% May

25% a255/s

120

21%

Jun

25% May

Derrick & Equip Co

Oil

FAR

Co Ltd

class

Foods

140

15%

Jun
Jun

V

'

Ltd

a

42c

3y»

Apr

65c

900

50c

Jan

95c

Mar

17%;'

17%

150

17%

Jun

20 3/a

Jan

Motors

Co

7%

Corp

Goodrich
Great

F)

Co

Northern

Ry

(B

Greyhound Corp

Jun

12 y2

42c

Jun

65c

M

130

7%

100

7%

35

331

14

Jun

7% May
34 Va

Jun

Apr
Jan

7%

Jan

8

Jan

39%

Jan

(Un)_.

.

.10
_5

12%

15

41% Mar

43% May

54%

54%

833

52s/8

Jun

62 V*

12%

12%

100

11%

Jan

13% May

a56%

common.

(Un)
pfd (Un)

(Un)

117/4

300

a41% a42V2

(Un)

General Public Util Corp

110

43c

35

(Un)

Corp

11%

42c

U

1
—1

class A

H

11%

-5
1

A

Liquidating Corp

Electric

2'/2

a5S%

9% Jan

17%' Apr
6 3/a Jan

Feb
Jun

13%

General

3%

a57 3/a a58%

3%

13%

General

100

Jun

Jan

Jan

100

3%

23

13%

Jun

.

/ 100

Jan

May

12% Mar

243/4

2V2

3%

3%.

3%

21

100

41

3 3/4

50

12%

Jun

3 34

Feb

610

12%

Jun

60c t

60c

0%

7%

8%

4
Bond & Share Co (Un)
5
Power & Light Corp
(Un)—•

15 Va

2 Vi"'

1

4

83/8

al9% al9%

58% Mar

41

Jun

Jan

213/4

115

t5Va

Jan

7

Jun

225
606

15*$'-

5

—

27

Feb

.10% Jun

Feb

General

Federal Mogul

Jun

5

Feb

18%

41

41

22

350

8%

50%

15%. -16

6'/a

1

Corporation

239

5 %'

335

75

Fitzsinunons Stores

Ex-Cell-0

22%

5%

Jan

200

--34

4 Va

22%

5%'

:;

500

Electric

-'r:£8

Apr

9%
9%

18%

Jan

18

12%

9

18%

Inc

1%

34

Jan

93/4

9%

Electrical Products Corp

■

34

*
——*

Co_i

500

6%

t7% May
8% Jun

50c

Industries

Jan

'

—

*

9%
.

,

1

Aircraft Co lnc_

Douglas
Dresser

Electric

Consolidated Paper common
Consumers Power common

9%

831

9%

(Un)—•

—

10 y2
'

*

(Un)

Manufacturing

1,910

5

(Un)

common

A

Doernbecher

High

-

Feb

134

'

91p91C

*

—

100

Publishing Co

Curtiss-Wright Corp

Low

3%

5%;-* 5%

'

—

Curtis

utiigK.

3% "

2

„_>

Sales
Range
for Week
of Prices V
Shares

Low

;

_1

American :Metal

Exchange
Week's

Last

215

14 Va

12

14%

1

Consolidated

-L

a21% a22 %

(Un) _•

of N Y

Consolidated Edison Co

a 57%

a—

a—

—-

a34% a34%

50

363/4

Feb

39%

Feb

11%

1,100

i0%

Feb

11%

Apr

11%
—

70

Feb

38

THE

(2782)

COMMERCIAL

OTHER

Friday

Hancock
Hilton

Oil

Co

Hotels

Calif

of

A—_*

class

Holly' Development Co
Hunt

Foods

Illinois

Central

RR

(Un)

Co

Corp

International Tel &

8%

1.70
97/a

1.80
91a

1,900

1.70

Jun

25

4c
15

4c

95c

9%

Friday
May

STOCKS—

4(4

Jan

29%

2c

Jan

9c

3,525

7%

Feb

17% May

1.05

1,000

Jun

1.50 Mar

95c
8

Jun

4%

375

1,210

Jun

11

Low

Shares

Low

25

1,969

Kennecott
Kern

I
(Un)

Corp

Copper

County Land Co

Lane-Wells

Company

Loew's

1

Los

43

May

56%

39

Jun

46%

13(4

710

11%

Jun

14%

Jan

13

9(4

8%

9(4

450

8%

Feb

12%

Jan

Locomotive

10c

205

Jun

20

6%

•26(4

Jun

Works

Co

*

138(4 139%

1,801

Angeles Biltmore Hotel Co

97%c

1.00

1,000

95c

Jun

17%

17%

18%

550

16%

Jan

22

17%

17%

17%

270

14%

Jan

18% May

20

(Un)

Investment—ft

Angeles

—

20%

21

900

20%

Jun

26%

Menasco

100

Co

Oil

Mascot

McKesson

&

(Un)

Manufacturing

10

City

National

Distillers Prod Corp

2%

—

48%

1

Inc——.

1.45

Jan

85c

299

Feb

•

2%

2%

2(4

7%

7%

7%

46"%

45(4

5%

5%

17%

17%

50

16% Mar

19% May

13%

19%

18%

19%

494

16%

Jan

20

*

37(4

36%

37%

242

34"%

Jun

51 %

10

55%

53%

55 (4

1,690

51%

Jun

62%

13

13(4

45

12(4

Jun

17%

Jan

6%

Jun

11%

Jan

C—

Corp

1
com

Storage Battery

General

Motors

Gimbel

Jan

Corp

-

Brothers

134

1%

Jun

3.25

Jan

20

7(4

Jun

9%

Jan

46%

671

44(4

Jun

57%

Jan

5%

549

4%

Jun

7%

Central RR

(Un)

North

American

Aviation

North

American

Co

•

1%

Jun

2%

Jan

3

479

48%

Jun

59

a6%

54

18%

502

a6%

25

2(4

5

.

Pennsylvania
RR
Pennsylvania Salt Mfg

Feb

Feb
Jun

19
10

Penn

Mar

* Feb

Feb

(Un)—1

Inc

(Un)

Northern

Pacific

Northrop

Aircraft Inc

Occidental

Petroleum

Oil

Oceanic

Ry Co

(Un)

16%

a6%

12%

a6%

50

28c

—

1.65

I

50

30c

500

25c

1.65

—

1

Corp

8%

80

al3% al3%

__

1

Co

405

9% "

—

100
—

9%

al7% al7%

—

10

9%

1.70

400

1.60

6

Oil

Pacific

Co

(Un)

Finance

•

Calif

Corp" of

Pacific Gas & Elec

13%

Jun

11%

Jan

Jan

19% May

Jun

17

5

5%

Lighting

Packard
Pan

preferred!-—

red

41c

Mar

2.65

Motor Car

(Un)

(Un)„2%

Co

Co

Pullman

Incorporated

Oil

Pure

Radio

Co

Corp of America

(Un)

Gas

u

Pictures Corp

Republic Steel Corp

(Un)

Inc

15

35%

16

30%

Feb

32%

375

26%

Apr

28%

Jan

203

50(4

Jun

53%

*

3(4

3%

3%

110

Jun

4%

9%

235

8(4

Jan

10%

570

19%

Jun

24

170

14%

»

410

Jun

17%

Rice

Ranch

Oil

12
53

Baltimore

Transit

Co

32 %

Feb

163

25(4

Jun

32

10%

1,270

9%

Jun

14

500

7(4

Jun

9

Apr

4%

6,550

4%

Jun

6

a2%

34

2%

Jan

18

18%

457

17%

Jun

27%

Jan

3,821

3(4

Jun

5%

4%

*

4%

4%

250

4%

Jun

5%

Sears

Roebuck

&c

Co

19%

Jan

19%

Jan

Sinclair

Southern

Calif

4.88%

Edison Co Ltd

(Un)

1

Sunray Oil Corp common
4%%
Swift

preferred

&

Co

class

Apr

Jun

17%

30%

31

29%

Jan

32(4

Apr

Company (Un)
Gulf Sulphur Co
Textron
Incorporated

27%

Apr

(Un)

Oil Co

28

120

28%

600

28 % Mar

297/a May

a28

36

26% Mar

29

25%

277

23%

Apr

32%

Jun

49%

,

29%

55% May

Feb

60%

Apr

2%

Jan

3%

Apr

18%

Feb

3%

2%

3%

568

18%

13%

19%

1,199

20%

20%

30

20% Mar

22%

Jun

27%

27%

60

27%

Jun

37%

Jan

41

41

$1,000

37%

Apr

54%

Feb

22

Apr

1975

Allegheny

Ludlum

«

Steel

Feb

_

_

Shares

12

10

—

Low

18%

11%

18%

Range Since January 1

High

17%

95

191

17%

Jun

11

Jun

High

ft

26%

Columbia Gas System

•

5

10%

181

9% Jun

8%

8%

383

8%

9

—

—

9%

350

8% May

Jun

12%

Corporation

27%

Jun

37%

Pict

Fort

Brewing.

_i

_

9%

Jan

10%

Jan

Harbison
Lone

Walker

Star

Refractories

♦

com

Gas

——10

Ja.n

18%

21

19%

105

18%

Jun

23%

20%

—

21%

161

20%

Jun

24% May

Mackintosh-Hemphill

5

__

Pitts

Screw

Renner

&

Bolt

IIII—10

1

_

Steel

Spring

6%

Jun

8%

Jan

100

2%

Apr

2%

Jan

31%

29%

31%

23%

Jan

*
__

Jun

35%

100

7

Jun

8%

55c

300

50c

Jan

1,000

7

55c

7

55c

7

91.

•

Jan

Mar

8c

6c

Feb

16c

25

12%

Jun

16%

Jan

27%

27%

8c

12%
27%

25

27%

Jun

34%

Feb

*

24%

24%

25%

306

21%

Jun

.34%

Jan

12.50

Westinghour.e Electric Corp

Apr

21%

Jan

58%

1,134
123

56(4

Jun

67%

22%

22%

22%

143

20%

Jun

26%

Jan

'

'

"

Jan

37%

Feb

41%

Apr

a62% a64%

363

63

Jun

72%

Jan

670

16%

Feb

21%

Jan

17%
9 y2

17

18%

■

St. Louis Stock

.9'

STOCKS—

ft.ft.. '

663

9(4

Jun

11%

Jan

700

17%

Jun

19%

Jan

American

Investment

a28% a28%

166

28%

Jan

30

Feb

American

Tel

50%

262

49

Feb

55% May

a58% a58%

50

58

Feb

a8%

50

11

Jan

Clinton Industries

al4

al4

50

14%

Feb

15%

Jan

Coca-Cola

20%

20%

760

19%

Jun

25(4

Jan

Faistaff

Brew

10%

11%

4,457

13%

13%

194

50%

—

8% May

64

Bank

Bldg

Par

,w.

&

Tel

Shares

16%

100

(Un)

138%

3

common

16%

16%

138% 139

9

9

Range Since January 1
Low

High

Low

1

common

& Equipment

Sales
for Week

of Prices

Week's

Last

Sale Price

17%

Exchange
Range

Friday

,

a8%

__

5

1

Twentieth

Corp

(Un)

Century-Fox Film

Union

Carbide & Carbon

Union

Oil

Class
Union

of

California
Preferred

A

Pacific

United

RR

Aircraft

Co

(Un)

common

27%

!

9

100
281

10

16

Feb

138%

Jun

9

Jun

High
17% May
150%

1

ft

25%

83

24%

Jun

30%

22%

22%

100

22%

Jun.

I-

.

common..

common

24"%

1

common

Eottling

28%

29%

218

23%

Feb

Jun

25% Feb
32% May
40% Jan

Inc

(Un)

Lines

United

States Rubber Co
States Steel

(Un)

Corp

Consolidated

new com
Oil Co

(Un)

-ft_*

34%

34%

35%

160

34(4

12

Jun

General

Motors

common

(Un)

10

55(4

54%

55%

260

52%

Jun

62%

Jan

Griesedieck-Western Brewing
Huttig S & D common
1
Hydraulic P Brick common

2

23

23

24

584

19%

Jan

25

5

—

23%

23%

25

23

Jun

39%

2%

100

6%
20

-

35(4

Feb
Mar

Jun

7%
24

41(4

May
Jan

27%

1,342

25

Jun

15

94

Jan

96

Mar

a76% a78%

135

78%

Feb

86

Jan

21%

305

21(4

Jun

26%

12

12%

210

11

Jun

a3

25

Preferred

International

12%

2%

Jan

14

Kamp's

(H D)

Bakeries

Western Union Tel Co

(Un)

Landis

35%

220

35(4

Jun

39 %

Feb

Midwest

22

2,184

20%

Jun

24 % May

Missouri

10

42

42%

43(4

1.697

35

Feb

43(4

11%

11%

210

11%

11%

350

9%

Feb

6(4

6%

210

5(4

Feb

14% al4%

158

a22% a22%

a46% a47%

„

Westinghouse Elec Corp
Wool worth

For

(F

W)

footnotes

Co

see

(Un)

(Un)

page




•

10

44.

11%

a

14(4

a22%
—

41%

41%

10%

5

1%

Jan

Feb

2% Mar

16

Jun

28

44%

Mar

a

10% Mar

11%

238

40"%

Jan

10 (4

190

10

Jun

14

Mar

6(4

780

5

Jan

7

May

20

23

23(4

ft 60

23

25

5

4

,

Machine common

21%

•

16

6

5

Laclede Steel common

35%

*

16

—

6(4

Jan

Apr
Mar

3% May

21%

1

Inc

2%

—v

•

common

common

common

Meyer Blanke

5

Air Lines

Gas

Laclede

common

;

Piping & Supply

Jun

34

22

22

22

Jun

22

Jun

«

15%

15%

10

15%

Jun

18

Jan

'

Jan

*

19(4

19(4

1.50

19%

Jun

22% May

Cement

25

17%

17(4

25

16

Jun

13

Jun

com(Un)

10

17%

17%

25

15%

Jan

19%

Apr
Jan

Portland

common

Jun
North

de

Shoe

Laclede-Christy

*

Warner Bros Pictures Inc (Un)

1

50

—

Feb

May

31% Mar

94%

in

Western

Jan

Mar

13%

26%

1

United

"444

common

Jan
Feb

a3

a78%

10

Air

36%

Electric

10

10%

943/4

.

5

Corp (Un)

100
290

Jan

9% May

Mar

21%

__

50

7

23

36%

__

25

(Un)

United

Universal

__

*

(Un)

7

23

__

Corp (Un)__•

Corp

United

Van

13%

•

Jan

60c

12%

—

1

_

Alloys Steel
V/estinghouse Air Brake

30

2%

..

1

Toy Mining

6%

2%

*

Corp

Co

Standard

6%

2%

—

♦

Pittsburgh Brewing common
Pittsburgh Plate Glass

Feb

17%

__

2

Tri-Continental

Apr

10

General
Transamerica

Trancontinental & Western Air

Jan

14% Mar

Jan

160
276

57%

__

for Week

of Prices

Low

.

a37% a37%

__

Range

*

Co

Sales

Week's

Last

Jan

18%

17%

10

Jan

52

370

26% Mar

189

a27% a28%

50c

(Un)

46%

58%

Par
•

Vanadium

a35 a35%

*

Assoc

2,149

25%

__

Tidewater

77/

53%

Friday

San

28

9%

•

Preferred

ft 854, /

a28

__

25

Texas

Jan

Sale Price

Jun

28%

a63%
"

Feb

23%

51%

STOCKS—

Jan

—

25

Texas

Feb

14%

58%

25

(Un)

Jan

10c

13%

1
B—

38%

Jun

14%

__

25

Studebaker Corporation

Feb

5c

14%

—

•

(Un)

31(4

24

__

25

(N J)

Jan

28%

♦

Standard Oil Co

39%

Jun

a35%

(Un)

Feb

Feb ft

•

Calif

106

1,000

34%

18%

25%

of

690

20%

25

(Ind)

Jan

19% Mar

731

28%

•

Apr

28%

Jun

Jun

27%

Jan

100

preferred

Oil Co

23

Jun

16%

20%

4.32%

Standard

Jan

22%

27%

25

Standard Oil Co

5c

17%

75
125

20%

30%

25

(Un)

36%

272

27%

-

,_25c

Southern Railway Company
Standard Brands Inc (Un)

23

17%

Jun

20%

"

preferred

Company

38% May
6% Jan

4%

__

4.48%

Southern Pacific

900

35%

15

preferred

4%

5c

•

23%

Jun

17%

72 (4c Mar

Jan

a31% a32%

com—25

preferred

4.56%

Jun

17%

36%

•

Corp
Socony-Vacuum Oil Co Inc (Un)

50c
25

a24% a24%

25c

Oil

2,700

2,370

23

—

15

Sierra Trading Corp
Signal Oil & Gas Co class A—

55c

34%

4%

:

17%

*

Oil Corp

Shell Union

Jan

25%

10

Apr

57

33%

__

1

20

513

18%

3% May

50c

1.75

:—

5%'

al4% al4%

—

__

5

(Un)

605

26(4

18%

Jan

—

4%

Inc

21"%

25%

Mar

10%
7%

4%

1

Co

21(4

26 %

55%

Jan

7%
4%

a2%

Ryan Aeronautical Company

Finance

Jan

58%

Apr

1

Industries

Feb

40%

Pittsburgh Stock Exchange

36'/a May

a25%.a25%

34(4

Seaboard

25%

Jun

21(4

ft.'.

Jan

39% May
12% May

56

—

•

Schenley

Jun

25

53(4

4s

Jan

20%

15
50

a31% a31%

„

Richfield Oil Corp common

Safeway Stores Inc

22

303

13%
ft—10
1
20

—,

Apr

a39% a39%

7%

1

Co

250

26%

Jan

Jan

8

all% all%

—

1

22(4
23%

25%

Jan

—

2.50

24 % May

21%
23%

Apr

20%

•

Ir.C
Mfg Co

Jan

Apr

Jan

9

50c

Drug

Rheem

20(4

^

Jan

37% Mar

_•

Duquesne Brewing
Eexall

5,719

17%

Apr

a39%

(Un)

36%

Jun

BONDS

Jan

27%

25

Reserve Oil & Gas Co

Aor

14

Jan

14%

—

Jun

33

—•

Coal

Blaw-Knox

Republic

32%

205

26%

50

Improvement

Westmoreland

10%

1

353

1

Westmoreland

9%

•
(Un)—__1

4,743

34%

May

21%-

*

common

Corp

Feb

14%

+

United

Jan

19"%

__

Radio-Keith-Orpheum Corp
Republic Petroleum Co

14"%
35%

8(4 May
20

23%
3

—

33%

—

—•

14%

34%

common

Co—

20% May

—

*

Jan

34%

35%

*

common

Oil

30% Jan
32% Apr

9%

(Un)

32%

__

(Un)

ft

Jan
Jan

14%

•

Gas

Paper

Sun

18% Mar

50

Phelps Dodge Corp (Un)
Puget Sound Pulp & Timber Co

El &

100

_33%c

.

(Un)

Feb

20%

1

(Un)

Pennsylvania RR Co

Pepsi-Cola

(Un)

Jun

6%
17%

10

common

1,313

27%

•

Airways Corp

American

Paramount Pictures Inc

•ft

532

2,268

Jan

a5C% a50%

a50%

*

30

7%

18%

—50

—.

com

preference

Co

18%

25

Corp

ft ft'

7%

Jan
Scott

Feb
Jun

div

$1.40

Reading

Jan

11%

Public Service

a33% a33%
30%
30%

__

Feb

17"%

__

17%

preference common
Corp common—

31%

31

25
25

Jan

Jan

May

25%

80

6%

ft

l

*

div

$1

18%

25

preferred
%7* preferred

98

___

common

Philadelphia Electric

30%

10

common

67r-

Pacific

a24% a25%

a25

*

•

common

Water & Power Co

United

Ohio

6%

7% Mar

Jun

Jan

May

Jan

6%

165

—

10

National Power & Light
Pennroad Corp
Pennsylvania Power & Light

Mai

17%
10

a9% al0%

—

:

Jun

a—

Phi'co
New York

Jan

Jan

Apr

1.10 Mar

a__

100

18%

a6%
—

1

290

540

48%

a6%

(Un)—•

National Mallinson Fabrics Corp

20

1"% >1%
2%

ft—

•

(Un)

150%

r

•

t

Publishing Co

Electric

225

1

National

Lines

—

—1

Co

Co Inc

&

—ft;

18

Monogram Pictures Corp

Montgomery Ward

299

95c
95c
a317/s a31%

299

1

.

Robbins Inc

Jun

2%

v

Lehigh Coal & Navigation—.
Los

138

*

com

Davison Chemical Corp
Delaware Pcwer & Light

Jan

8% Mar

1

Corp

Chrysler
Curtis

250

7

May

12%

139

Jan

7

—

26

12"%

Budd Company

Jan

816

High

Jan

•

Baldwin

Jan

330

a20% 32078

a207/o

'

*

Aircraft

Inc

—

7

Petroleum Co

Lincoln

a44

5

Libby McNeil & Libby (Un)

Loctcheed

4%

•

Corp

21%

100

'

Kaiser-Frazer

Range Since January 1

High

23 %

Tel

&

Tel

Baltimore Transit

Apr

9

•

•

;

of Prices

Arundel Corporation

May

17

Stores

American

Jan

2,000

Par

American

for Week

Range

Sale Price

Jan

11%

Sales

Week's

Last

Jan

Feb

8%

8

„.

24

Philadelphia-Baltimore Stock Exchange

22%

4%'
4%
a42% 344%
39 39 %

—

119

Feb

8% Feb

165

95c

(Un)—*

100

165

25

4c

JUNE

High

Jun

—

10

Tel Corp

500

15%

100

Development Co Ltd
25c
Independent Exploration Co——33 %o
Petroleum

20

8%

—

Imperial

Intercoast

Low

al03

—

Monday, June 27, 1949

EXCHANCES
ENDED

Range Since January X

8%

—

1
6.66%

Inc

Shares

High,

e.102%

—

5

Corp

of Prices

Low

WEEK

for Week

Range

Par

FOR

CHRONICLE

Sales

Week's

Last
Sale Price

FINANCIAL

STOCK

RANGE

STOCKS—

&

American

__

Jun

12% May
7% Apr

Sears

St Louis

Public Service

Roebuck

&

class A

14% Mar

Sterling Aluminum

common

257

13% May
21% Jun

26%

Jan

Stix-Baer

common—

112

45 % Mar

47%

Jan

Wagner

&

Fuller

Electric

50c

Co (Un)

common

1
5

15

3%

'

35

4%

250

Jun

5%

35%

36%

310

34

Jun

39%

Jan

10(4

4%
36%

10%

115

10

May

15

Jan

12(4

13

877

34

35

44

12% May
Jun

45

4

33%

13% Mar
Jan

Volume

169

Number 4815

THE

COMMERCIAL

&

FINANCIAL

OTHER STOCK
RANGE

Friday

Par

Alaska

Juneau Gold

Alleghany Corp

Min

Co.

(Un)

2%

Low

High

American

Airlines

Inc

(Un)

-1

9%

American

Factors

Ltd

(Un)

.20

2%

15

Martin

2%

330

2%

Apr

3%

a2%

50

2y8

Feb

3

Apr
May

9Ve

9%

945

7

Jan

10

15 %

310

15

Jun

22

Mfg

Jan

M

J

M

&

&

M

Radiator

&

Stan

San

(Un)

Tel

American

&

Tel

Co

Viscose Corp

American

Woolen

Anaconda

Copper Mining

Co

(Un)__•

(Un)

43

100

(Un)

com

alO% all %

55

10 %

Jun

a42 %

51

45 Vb

Apr

14%

Morrison-Knudsen

Jan

53 y2

Feb

139

14

(Un)

a43

al38V4al39ya

761

a24% a24%

__

25

138%

Jun

149%
61 y8

Jan

*

26

26

537

22%

Jun

37%

National Bank

26%

26%

185

25 y2

Jun

34%

Co

&

(111)

Avco

Bank

Locomotive

8%

5

5%

Co.

22c

10P

—

3

N

28 y4

Jan

Aviation

Corp

Steel

8%

100

6y2

Jan

9% May

5V4

419

5

Jun

7%

153
49

5%

22c

328

5%

Jun

32c

20% Mar
5

N

(Un)

Eifhop Oil Co
Blair Holdings Corp (Un)

Jun

7%

Bcrden Co

9

Jun

10

260

Jun

355

(Un)

27%

28

220

26 %

Jun

34%

Y

Central

24%

24%

545

23%

Jun

Celanese
Central

Corp

of

Eureka

11%

Mil

St

Preferred

Jun

21%

Jun

25 %

5%

5'%

8%
3b %

6%

_•

26%

(Un)

26%

255

1.00

1.10

1,700
235

1.10

1

a30 Ve &31Vb

a31 Vb

25

(Un)

a5

a5y»

Y

Consolidated

30%

34l/2
8V8

Jun

32 y2

1st

Jan

Jun

46%

250

44%

57 y»

311

42% Mar

48 Vb

27

100

25 y2

Jan

29

50

18%

Apr

22%

745

2%

Jan

25%

Jun

27% May

22 y8

221/4

424

21% Mar

23 y2 Mar

a39% a39%

50

41%

Apr

43 Vb

Jun

12'/a

Apr

a39%
-

9

.

a5'/4

5

54

425

,9%
a5y4

5%

50

54

110

Class B

9%

10

350

Corp

54

Jun

8%

Jun

Jan

*■

>

,

Oil

Emporium
Emsco

Food

Capwell
&

'

87%

Jun

87 y2

Jun

20

Jun

27%

Jan

96

96%

39

94

Mar

8%

7%

Jan

9%

10

8%

Jun

12%

Jun

12%

Apr

Jan

8%

114

8%

27%

350

24%

41

a401/8 a411/4
10

(Un)

•fk

40

Apr

Jun

6%

Jan

Apr

123/4

Jun

Jan

50

17%

Feb

19

76

Jun

82 %

Jan

72

30

70

Mar

76

Jan

151

15%

Feb

72

15%

Feb

May

14

Jan

9
-

9

84

28c

28c

300

1.70

1.75

300

1.60

25%

25%

150

23%

Jun

33

a?R% a28%

10

28 %

Jan

30

Jan

600

10%

Jun

13 %

Jan

„

Cola

Corp

9

May

23c

Feb

Jun

39

41c

Mar

Jun

12%

% May

25
433

34%

35Ve

872

34%

50

41%

7%

22 % May

753

54%

53%

Corp

jun

Jan

30%
28%

170

30

May

32%

Jan

175

27

Apr

29 %

27%

525

26 %

Apr

28%

Jan

50%

787

50

Jun

54

Jan

275

100%

Jun

17 %

375

15%

Feb

25%

25%

548

90

90

152

144% 144%

90
—

52

a3%

39

144 %

441

8%

Feb

10 Vb Mar

16

€44

15%

Jun

20

19%

202

19

Jun

24 Ve

Feb

a 14%

a 14%

293

15

Mar

17%

Jan

Apr

8%

al4%

9

/

10

10

Jan

11%

40

165

37

Jun

49%

53%

53%

290

52%

Feb

60

4

11%

8%

255

Feb

—

fj

Mar

6% Mar

Jun

4

200

11%

470

11%

Jun

213/8

Jan

a31% a31%

10

32%

Jan

35

Apr

10%

660

—

_*

4

10

14%

Jun

Jan

10%

10%
a7%

a7%

60

7%

Jun

9

Apr

:

42%

*

42%

42%

101

42 %

Jun

57

Jan

i

.1

100

a21% a213/8

1

—

21%

2

164

28%

17%

300

35 %

37 %

1

Feb
Jan

37%

Jan

37

_10

.:.

Jan

343/4

Jun

263A

Jun

59

283/8

—.-i

•

28%

Jun

283/b

al8 Ve al8Ve

1—25

Jun
Jan

.

;

J

_1
——•

class

Inc

Oil

Jan

39%

*

(Un)__
(Un)

r?l

Jari

15%

—25

al4%

a 14%

143/4

Jun

19%

33 %

343/8

935

25

Jan

(Un)—•

23

23

100

21 Vs

Feb

38% May
25 Vb Jan

24%

243/4

60

243/4

Jun

29

5
P10

22%

22%

437

16%

Jan

9c

10c

28,400

6c

'Feb

11c

*

A

36 %

34%

Feb

39 Ve

Jan

;

31

Feb

38%

Jan

!

18%

Jun

24

Apr

(

—

Mining

Union

Feb

4%

Jun

19%

1

Stcres

Maurico

Jun

39

Feb

3%

Jun

26% May
96% Mar

Feb

Jan

20

a3%

Jan

19 % May

Feb

•

89

10

a31% a31%
—

24%
135%

Feb

101 %

.33 %C

:

Roebuck & Co

Oil

Sinclair

—

—

15

——

Soundview

Jan

Jan

'

—

10

'

36%

,V

290
10

a32 Ve a32Va

535

14%

14%

598

14 %

,

Apr

23% May
.

i

Mar

22 3/e

22%

851

21

Jun

(Un)„•

30%

303/4

30%

1,605

293/4

Jan

25
25

a27%

pfd

4.56%

a25%

,

Jan

Apr

j

32 5/a May

25%

Feb

26% Mar

29%

Jan

28

29% May

!

100

7

28 %

28%

•

150

33%

Apr

35%

[

33%

Jun

33%

Jun

24

131

a26

a27% a27%

——25

—

17 Ve
28 V4

Jun

22%

15

(Un)

preferred
4.48%

4.32%

203/4 '

20%

5

Oil

Pulp Co

Preferred

20%

•

—

Calif Edison Co com

Southern

Conv

(Un)

Corp

Soconv-Vacuum

43% May
62% Feb

'

35 3A

17

25%

.—50

;

Co

Apr

1

Manufacturing Co
Cement

33

100% 100%

„

_*

—

Oil

866

50%

■

'

33%

•

(Un)_;

Orpheum

Richfield

Jan

Jan

27%

„

50%

,

6

3%* Apr
30 %

28%

__

•

Jan

6% Mar

Jan

5

Jan

*

Jan

39%

Jan

54%

—

30%

Corp of America

Shell

Jan

28 y2

Jun

a41% a41%

__

A

M Jun

231/4

34%

prior pfd
7%
(Un)—

Sears

Apr

al2/16al2/16

34Vb

2.65

Jun

•

Jan

11

2,500

34 Ve

*

(Un).

Co

Preferred

115

5%

770

(Un)

conv

5%

4,179

10

(Un)—:

Whistle

.

10 %

3%

(Un)

Airways

Co

5%

*

Pictures

10%

„

100

com

RR

*

31%

100

com

Oil

__

__

—_>

Keith

San

\

31

100

*

3%

Companies common

Safeway

47% Mar

1,640

M

30%

common

j

Riverside

•14% Jan

,

11

23

10

19 % Mar

11%

Jun

9%

H

,Jan

7% Mar

5% Mar
10

Jan

11

24

76

3%

—

——

Motor Co

48% Mar

Apr
Jun

9%:

33%

W

__

*

Corp

43%

110
273

10

Mr

•

(Un)

217

Jun

al3% al3%

al3%

•

—

Tel

&

Western

Rheem

Jan

11

1-0

Co

Feb

31%

33%

5

1

10

10

76

31%

Roos Bros —:

v

•

Co

450

al7% al7%

__

25

(Un)
Reynolds Tobacco class B (Un)

Jan

28%

8%

271/4

27%

a44 % a44%

Corp

Motors

1,530

a40%

Co

250

10'A

5

Republic Steel Corp

v

.;

1

Electric

8%
a8%

a44%

♦

255

6%

10

100

common

-Rayonier Incorp common
'

97% May

a8%

♦

Liquidating Corp
& Chemical

General

8%

(Un) —10

......

Equip

Feb

18

25

Railway Equip & Realty pfd

May

153

*

Machinery

General

May

1,218

:
• "

17%

18

6%

__

10%

25

Radio

Apr

87 y2

1

common

Jun

25
25

Radio

10
365

22%

15
Co

....

General Foods

Jan

87%

Corp Ltd

FAR

8%
322

12

21%

(Un)

Works

Derrick

Eureka

675

22

5

V

■

■

87%

common

Kodak

6%

15

—

Puget Sound Pulp & Timber
Ins (Un)

54 '/a Mar

5

______

Fruit Corp class A com___5

Dorado

9% *Jun

100

*

'Pullman

.

Chemical Co

Eastman
El

110

6%

A_.

Phelps Dodge Corp (Un)_.
Fhillips Petroleum Co
Pig'n

25

com men

Dominguez Oil Fields Co (Un)
Dow

t:

350

..."

Giorgio

9%

—

♦

Corp

Jan

8

Tel

Pennsylvania

3% May

350

1

common

Curtiss-Wright

9%

6%

—

1
class

Service

American

Pepsi

3%

100

Preferred

Di

153/b

—100

Plantation

preferred

Paramount

'

New

Jan

57% Mar

223/4

cap

preferred

Paraffir.e

Apr
Jan

25 %

~_.il

First Natl Bank

Crown Zellerbach Corp

!

Jan

22c

Jun

10%

*

Preferred

Pan

May

3%

<Un)„

(Un)

Filters

Sugar

Packard

•

■

35c

Jun

19% Mar

(Un)—

Public

Pacific

Jan

43%

Co

Co

Lighting

Pacific

Jan

25%

Creameries of Amer Inc
Crocker

Jan

16c

785

—100

Ry

red preferred

$4.50

Jan

Jun

18%

45

Jun

5

*

—1

pfd

1st

Pacific

•

27

(Un)_15

—

(Del)

22c

48

510

B

Pacific

Jan

al7% al7%

(Un)__•

Vultee Aircraft

Continental Motors -(Un)

Jan

12

10

6%

—

Jan

1.80

25

(Un)

Co

30%

Jun

43%

43%

:_2%

——-

Jun

90c

46%

10

A

24

154

al9y8 al9 %

25

—,

Gas

2.10

19%

;

(Un)

preferred
5%% 1st preferred
5% 1st preferred

Jun

Natural

Jun

Jan

11%

♦

Pacific Coast Aggregates
Pac Gas & Electric common.

Jan

29%

1,028

Oil

Paauhau

Apr

Feb

3V3

Co

5%

5%

Jun

Southern

Apr

1.35

140

_1

(Un)—
Petroleum
Corp—

United

5%

Jun

Consolidated

Continental Oil

13%

80

30

Consolidated Edison Co of N

■

310

*a21

27%

Clorox Chemical Co

&

Apr

17%

19%

(Un)

RR

Pacific

Oil

Class

Jan

13%

260

Edison

17%

12

_1

Jan

13%
a21

13%

22

;

_100

Commonwealth

44'/a May

624

class

Jun

Feb

19%

(Un)

preferred

Oliver

41% May
50% Jan

Feb

31

Co

Broadcasting

7%

2,200

20

Ohio

Jan

29%

__

18

11%

300

16c

a50

313/4 May

Jun

5

•

Invest

Jan

2.60

31

com

Commonwealth

14 %

40%

70

,V

Jun

28 y2

Cities Service Co (Un)
Columbia

7

1.95 Mar

•

(Un)

Chrysler Coip

116

a44 V3 a44%

•

RR

__

Oahu Sugar Co Ltd

Jan

10

America

Paul

750

1,350

33 %

common

Mining

Prod

Co

Apr

common

new

Chesapeake & Ohio Ry
Chic

8

2.10

a39%a40Ve

__

*

Co

Tractor

8

2.05

2.05

2V2
:

Packing Corp

23c

16c

.

—

1

American

5%%

Mar

24%

_5
(Un)

Cement

23c

a49%

__

1

High

Jun

5%

Jan

15

Calaveras

100

Occidental

91

261

1

(Un)

Caterpillar

1.75

Company

Northern

Jan

a8%

_2

California

1.75

1

American

Mar

260

5

Byron Jackson Co

970

28

10

North

20% Mar

a8%

•

Bunker Hill & Sullivan

75

15

(Un)—:

North

Jan

260

100

(Un)

Boig-Warner Corp

a8%

15

P10

Co

Corp

Distillers

Oceanic

Bendix

Bethlehem

a8

15

(Un)

Co

National Linen Service Corp_.

31% Mar

22c

5%

13

A

291

29

a20% a21 %

5

(Un)

California

of

29

Corp .(Un)

Mfg

Baldwin

20

(Un)

Atok Big Wedge Mining
Atlas Corp
(Un)

a8%

Fibres

Auto

National

Jan

(Un)_„*

Arkansas Natural Gas class A
Armour

—1

National City Lines

Feb

50

(Un)

National

Jan

May

51

Nash-Kelvinator

Natomas

Anglo California

180
288

'

American Smelting A; Refining
American

•

28
7%

Un)

&

Low

28

__

1

Cons

Range Since January 1

High

5%

—

Ward

Montgomery
Amer

Co

Low

5%

(Un)

Mindanao Mother Lode Mines.,

Mar

15

.'

(Glenn)

Co

Shares

♦

i

Navigation

Menasco

'

-

Co

Matson

for Week

—*
1

common-

Magnavox Co

High

&2%

1

&*Co (R H)

Macy
Range Since January 1

Sales

Range
of Prices

Par

Shares

Low

—10

Week's

Last
Sale Price

for Week

of Prices

Sale Price

STOCKS—

Sales

Range

39

24

Exchange

Week's

Last

JUNE

Friday

San Francisco Stock
STOCKS—

(2783)

EXCHANGES

WEEK ENDED

FOR

CHRONICLE

»

62

May
Mar

-

"

General Paint Corp common

*

Gladding McBean & Co——

10'/8

So

10

11

505

10

Jun

16%

Jan

21%

25

22%

600

21%

Jun

25

Feb

California
6%

Gas

preferred

(Un)

Pacific Co

Southern

25
25

333/4
34

34

20

—• (

pfd ser A

Co

35%

35%

652

34

*

34 %

4%

State

Ltd

Co

preferred

Goodrich

F)

(B

•

common

100

—

Co

13%

(Un)

57

__

(Un)—_.——*

Goodyear Tire & Rubber

12%

a56%

•

>

13%
60

1,612
v

170

a56% a56%

50

a36% a36%

—

J

148

10
56

;.

a__

Feb

13 y2

62%

Jun

Feb

a__

—

37%

Jun

Jun

:

44

,

Oil

Standard

Great

North

Greyhound

Ry

(Un)

non-cum

—

pfd

Corp

1

1%

(Un)_*

1%

1%

300

1 %

May

a34% a35%

65

34%

Jun

Standard

2% Mar

11%

11%

650

10%

Feb

Apr
11% Mar

12%

3

Stores

Bros

Hawaiian

Inc

Pineapple Co

•

(Un)

Corp

12%

100

12

Jun

Oil

Honolulu
Bunt

Co
Oil

Foods

19 % May

Water

*

17%

17%

17%

464

16%

Feb

(Un )_„__—

1

31/8

3 Ve

3%

900

3Vb

Jun

*

44>/2

42i%

45

2,977

42 %

Jun

66%

Jan

Union

Carbide

9%

9%

300

8%

Feb

10% Mar

Union

Oil

2.20

Union

Sugar

Corp

Idaho

Maryland

Idaho

Power

6%

Mines

Corp

Co

1.75

(Un)__l

5

Transamerica

Corp

1.75

1.80
32 '/8

360

32 V8

Jun

32% May

15

15

-*

17

3,585

7%

Feb

Johns-Manville* Corp

—

8
.

(Un).

Kennecott

Copper

Corp

(Un).

8 3/8

a33% a33%

4%

-1
_•
,_5

a44

4%

a42 3/4 a44 %

..

1,000

1.70 Jun

Jan

Calif

Libby

McNeill

Lockheed
Loew's

Inc

&

39 %

28%

Corp of Del

lUn)

31%

Jan

U

Jun

11

Apr

Universal

393/8

Jan

For footnotes

see

Warner Bros Pictures

33%

Jun

4Vi

Jun

113

413/e

Jun

570

39

Jun

9

553/i
v

Jan

46%

Jan

28%

110

12 %

100

6%

Jun

8%

18%

100

16%

Jan

21%

17

page 44.




55 %

Jun

67%

Jan

a63% a64%

217

61%

Jun

72 %

Feb

203/4

»

Jan
Jan

50

16%

25

14% Mar

;

16 % May

a49% a51%

90

48%

Jun

55 % May

20%

203/8

694

193/4

Jun

25 %

10%

11%

4,322

10

Jan

12

12% .12%

110

103/4

Jan

13% Mar

al7% al7%
16 %

16%

11
.

Jan
Mar

35%

•
25

'

35%

450

33%

Jun

413/4

27

27%

273/4

470

25 Vb

Jun

17%

560

14"%

Jan

18% May

al.40

al.40

50

27% May
9% Mar

13%

13%

200

al2%

al2%

a 123/8

113/4 Mar-

13%

lO 3/4

51

21%

Jan

S

Steel

Westates
•

Petroleum

common

1.25 Mar

(Un)

14% Mar

100
150

7%

8

11

11 %

*

1,492

43

(Un)___1
1

1 1.10

2%

Jan

890

Jan

3%

Apr

203/b

Jun

21%

Jun

35

Feb

43

Jun

7%

330
*

Jan

v

.

Jun

9%

Jan

85c

Feb

9%

Jan

12% May
1.20 May

1.10

2,450

5%

5%

1,125

5%

Jun

7%

17%

173/4

300

17%

Jun

223/4

Jan

a6%

a6%

50

53/4

Feb

7%

Apr

96c

5%

Jan

"

1

Sugar

Indies

3Va
213/4

43

5

(Un)„

3%
21%

10

Corp new com
Consolidated Oil

Preferred

„

32% Mar
13

2.25

!

313/4 Mar

1
_*

Victor Equipment Co

Jan

so

2,482

230

__

1,282

1

Jun

8

18%

_w

Lyons-Magnus class B

58

10

(Un)

26

12%

Corp.

57 %

10

12%.
Inc

72

28%

Libby

Aircraft

common

—

Lines

Air

625

,

1

a63%

25

5

(Un)

Carbon

&
of

Co

United

West
10

Air

West

"

39

'

»
.

Apr

17% May

a26 Ve a26 %

?v

27%

—

2

—

&

United

33'/be

Feb

Feb

32 Va

20

Independent Exploration

25%

(Un)_10

Company
(Un)
Ass'd Oil common

Texas

Ltd

Inc

^

130

13% May
Transcontinental

Holly

25
1

(Un)

of N J

Oil Co

Superior Portland Cement com

Tide

Hale

'

a25

39%

ll'/8

—

f

—

Jan

Studebaker

Graham-Paige Motors

*

Calif

of

Co

Jan

1

a23%

1

Sperry Corp

Apr

49%
•

;

Golden

Jan

Lines

May

Western

Air

Jan

Western

Pacific

Apr

Western

Union

Jan

Westinghouse
Woolworth

(F

RR

Inc

(Un)——

preferred-—,—100

Telegraph

Elec
W)

1

Corp
(Un)

(Un)

(Un)

•

a6%

a56% a56%

10

13 3/4

40

a

13 3/4

a

a__

—

13 V« May

a—

•

_—

16% Mar

12%

22

22%

360

21

Jun

263/4

Jan

—10

47 %

47Va

385

443/4

Jan

47%

Jan

"•

(2784)

THE

COMMERCIAL

CANADIAN
RANGE

&

FINANCIAL

LISTED

FOR

WEEK

CHRONICLE

MARKETS

ENDED

JUNE

24

Friday

Montreal Stock

Exchange

STOCKS—

STOCKS—

Last

Par
Abitibl

Power

&

Paper

of Price#

Low

class

A

Shares

■7%

11%

11
17

17%

37.40

37.30

Low

11%

17

37.40

.—*

20

19%

38

36 Va

1,265

38

;

16
35

17%

Jun

125

.

19%
30

1,685

Jan

20%

Jun

1,960

20

•

*

Jan

38

Jun

24%

Jan
Jan

pfd

25

Amalgamated Electric Corp
Anglo

Can

Tel

4%%

41

42

3,504

25%

26

650

6%

50

—

Power

&

Paper

class

Telephone

22%

135

18

18

320

-—-

Trac

Light

•

40%

40 %

British American Bank Note Co
British American Oil common.

T8%

*

—

*

23 %

25

Columbia

Class

B

Power

Corp

cl

—

—

2%

A—*

—

*

—

—

Bruck

Mills

Ltd

class

•

14

•

common

—

21

Jun

26'A

Jun

23

Jan

Rolland

Jan

41%

Jan

4%

17% May

20%

pfd

Canadian

I

■'

Royalite

al3

al3

10

12

Jan

14%

Apr

23%

23%

1,261

22

Feb

24%

24%

24%

100

24'A

Apr

25%

Jan

10

97%

Apr

101%

Jan

a98% a98%

2%

<

2%

26

2%

14

14

28%

28%

V

26%

2%

4,625

2% May
24% Feb

238

2%

100

,

3

Jan

3%

Jan

325

Jun

17

27

May

33

Jan

23

548

21%

Jun

26%

375

27

Jun

30

Feb

8%

100

8%

Apr

a97a97%

30

96%

Jun

—

8%

*

12%

„

33%

12%

685

12

*

33%

175

33

Jun

19%

1,496

20

25

9%

Jan

2nd
St

19
20

St

6%

pfd

Common

18%

Jun

21

Apr

20

Jun

23%

455

Jun

14%

Jan

200

13

Jun

17

19%

19

19 %

931

19

Jun

22% Mar

a2l

20

a21 a21%

8

12

9%

a25

20

20

May

8

Jun

13%

100

27

65

8%

Glass

Dominion

a25

a25

50

Electrolux

Walker

24%

Co

12%

1,854

11%

12

350

11

Steel

A preferred

Howard

common

Hudson Bay

inc

1927

Ltd

common

Imperial Tobacco

& Smelting

of

.

International Bronze 6%

pfd

International Nickel of Canada
International Paper common
International Petroleum Co Ltd
International Power _!_■
International Utilities
Corp
Public

Service

Lang & Sons Ltd

(

common

John A)

Ltd

Massey-Harris McColl-Frontenac

Oil

Montreal Telegraph
Montreal Tramways

Morgan (Henry

Jun

18%

Jan

31%

Jan

37%

1

17%

18%

420

16

Jun

21

7

1

7

Jun

20

27

20

Apr

17%

Jan

,17..

16

Jan

..25

25

25

25

Jun

•'

.27

.

Jan

7

7

50

70

70

25

6.45

6,50

2,915

5.90

Feb

102

102

55

100%

Jan

a4%

a4%

a4%

104

4

May

10

18%

17

18%

371

May

22%

Apr

9

9%

240

f

9

Jun

14%

Jan

22

22

425

22

Jun

24

Jar,

Jan

—

-

,

6.50

.

6%

Jun

70

9%

Jun

Jan

94

Jan

—

■

v

;

7.10 May

.

•.

"

22

^

17

:

103 %

Apr
Jan

a71

a'71

10

71

Jun

86

38

37%

38

520

36%

Jun

42%

Jan

•

23%

23

23%

1,584

22%

Jun

25

Apr

46

46%

585

45%

Jun

48%;

Jan

17

.17

265

15% Mar

16%

16%

—

50

46%

"

.*

._

17

.

_*p
•

'

■;*

.

"200

16

Feb

*

*

25

25

25

25

May

" 7 " 19

'

'

19

250

17

__

'■

'

;

_*

__

;»

«•. v;

:

~

..

."•••■

•

5%

5%

5-%

•

80

79%

80%

5%

25

5%

,6

275

a27

a27

common

.18%. May

980

V-

20

>

■

-Jun

5

•'

Feb

18

May

30

<

Jan

Jan

•

common

301

78% Mar

7%

•

;

Jan

85%

■>

Apr

Corp

•

-5%

Jun

7

5%

Jun

7%

Jan

L

common

1*

,

—

'

20

24

TJ Jan

27

100

:

,

Worts-.

&

'

'

101

10

101

Jan

14%

14%

80

14

May

25%

26%

1,200

24

22%

22%

110

21

31%

21,200

27

98

60

42

5

__

•
;

common—
*•

101

*

_

26%

_•

22%

.

Jan

May

101 '

Jan

Jan

16%

Jun
-

28%

Jgn

Apr

25

Apr

37

Apr

".. .v.;

_•

common

preferred
Ltd

.1

♦

30%
'

—

42

98
42

.

Feb

97%

Jun

39

Feb

100

Feb

43

■:

Jan

Jan

v'

.

.

31%

100

1

common

i0

;.

20

23%

Montreal

10

25%

10

—

Scotia

20

337

19% Mar

20%

23%

—;

10

*

23%

255

22%

24% May

26

25%

Feb

869

25

Jun

26 %

Jan

34%

34%

900

34

Mar

36%

Apr

25

•

25%

575

24%

Jun

26%

Apr

22% Mar

22%

22%

36'A

36%

36%

20

34

34

34

10

25

15

13%

15 %

—

23%

20 %

20%

1

25

22%

Jun

27

35%

Feb

39 %

Feb

34%

13%

Jun'

17%

Jan

23%

50

21%

Jan

26% Mar

21

225

19%

Apr

21%

Montreal Curb Market
Canadian Funds

Friday
stocks—

11

11%

3,965

10%

Feb

12

14%

500

11%

Jun

25 %

Jan

al3%

al3% al3%

45

Range

Sale Price

Jan

11%

Par

Glove

Acme

Works

Ltd

Sales

Week's

Last

Jan

14%

20

25

Jan

4,827

—

10

Apr

31

Royal

Feb

680

7

11%

for Week

of Prices

Shares

Low

Range Since January 1
Low

High

High

]

*

9

9

25

9

Jun

15

May

Anglo-Nfld Development Co Ltd.

5

al6

al6

15

16

Jun

18

Jan

<

*

10%

10%

350

10%

Jun

12%

Jan

B

*

4%

4%

150

4% Mar

5%

Feb

•

3%

3%

111

3%

6%

Jan

13%

Jun

1

17

12

Jan

12

12%

57

11%

•

Feb

14%

Jan

14%

13%

Atlas

Sceels

14%

610

13%

Jun

15%

Jan

Auto

Fabrics

26

26

180

24

Jan

27

Jan

Eathurst

19

20'A

50
*

___*

*

25
*

100

*

.__*

25

14%

&

Light

class

41 %

B

10%

Jun

Jan

Belding-Corticelli Ltd

100

alGO

al60

2

165

Mar

165

Mar

Jan

Belgium Glove & Hosiery of Cda com.*

9

9

50

9

Mar

11

Jan

106

Feb

Brand

•

45c

45c

300

45c

Jun

1.15

Jan

110

Jan
*

10%

10%

160

10

Apr

12%

Jan

45

109

109

30

108%

13%
100

10

51

51

100

14%

14%

95

Jun

British

13

Jun

15%

Apr

99%

Jun

102%

Jan

50% May
14% May

.52'/a

Millen

&

common

Ltd class A

Columbia

Packers class

A

:

Jan

17

Jan

Brown

Company

45

8

Jun

29

373

27

Mar

Canada

&

Canada

8%

28%

Jan

1

Packers

Dominion

class

Ltd

A

2%

2,910

2

May

4

72

73%

330

71

Jun

103

Jan

—•

Sugar

2%

100

common

Preferred

19%

20 %

910

18%

Jun

23

Jan

*

a28 % a28%

20

32

Jan

31%

31%

25

30

Mar

a4%

a4%

25

5

Jun

15%

15%

235

32%

Feb

33

Apr

10% May
31

Apr

Canadian

Fairbanks-Morse Co

44

44

50

44

Jun

46%

Jan

Canadian

Food

39%

41%

2,335

38%

Jun

56%

Jan

Canadian

Gen

Ltd

Canadian Industries common

17

16%

17

6,918

16%

Feb

19%

Jan

13%

13%

13%

1,910

13% Mar

25'%

25

14%

160

24%

Jan

25%

Apr

Canadian

23 % May
86
Jun

Canadian

22

Products

Ltd

com

Invest Ltd

*

«...

•

*

—•

15%

9

Feb

17%

Jan

22

15% Mar

Jan

Jan

25%

__

__

22'A
86"
16

7%

22%

238

19%

Feb

86

55

83%

Jan

16

57

16

Jun

5%

preferred
Inter

Inv

Trust

preferred
Pr

-—100

&

Paper

Inv

Jan

29%

Canadian

Silk

30

2,034

29

Jun

36

Jan

46%

Canadian

47%

Vickers Ltd

1,715

44

Jun

58

Jan

Canadian Western Lumber

...

7

73/9

1,388

7

47

70

14%

560

al3

al3

__

*
*

16%

Jun

12%

Jan

Canadian

46

May

59%

Jan

Catelli

Food

19%

15%

Neon

General

15

11% Mar

13

17

17

Apr

25

16%

Feb

19%

1,515

171

20

170

Jun

3% '

3%

3%

330

3

Jan

4

a88

a88

a88

12

100

Feb

101

Feb

9

9

25

9

Jun

11

Jan

A

•

165

19%

•

66%

65%

67

198

62

2

3%

3%

3%

950

*

48%

48%

300

47

pfd——-15

al5

al5

12

15

20c

20c

550

a58

a60

75

2%

2%

4%

4%

7% '

7%

19%

20

178%

Jun

Feb

May

Co

24

Feb

Jun

84

Mar

May

4

Apr

May

52

Mar

Jan

15

Jan

20c

Jun

60c

54

Jan

3%

100

13 %

Jun

12

25

Westinghouse Co Ltd
5%

Adv Ltd

com—•

Jan

Jan

13%

8%
8%
al5% al5%~
16
16'%

11%

12

11% May

15% Mar
15

Feb

Preferred

8%

25
10

2,140
750

7%

Jun

9%
19%

Jan

15'A

22%

Jan

15

Canada

Preferred

—

Standard Sec cl

•

4%

Ltd_«

—

17

Feb

20

Mar

David

Feb

37

May

Dominion

775

19

Jun

23 %

&

Frere

A__*

a30c

——*

—

Consolidated Paper Corp Ltd

33

101

of

Jan

Jun

10% May

130

100%

common

5

Consoliadted Div

160

a28

Ltd

Bakeries

a58

100

Jan

6

Jan

7%

Jan

810

2Vs

Jun

20
\

4%

Jun

25

7%

Jun

10%

Jan

Jan

35c

Jan

16

Jan

18%

Apr

8 %

Feb

•

Jan

16% May

19

19%

Alcohol

preferred

Consolidated

36

19%

100

Commercial

35%

a28

—

20%

"171

Jan

13%

a50% a50 %

100

class

19 % Mar

20%

171

pfd—*

common—

Products

May

18%

I_

5%

20%

*

13 %

12

__

Products

Claude

47

14'A

•

com—:

30

7%

•

100

—

46%

•

10o

Power

class

28'A

8%
29

Products

17%

101

145

Ltd

Jun

16% May
1O0'A Jun

100
—

__

_*

1,508

13 %

109

*

5

20%

101

25

15

19%

al6% al6%

& Co Ltd—




16%

8% Mar

20

—

_40

For footnotes see
page 44.

Jan

Feb

7

*

*

60

Apr

18%

•

4%% preferred

Jun

Nova

14%

960

•

Locomotive

45%

90

Jan

1,640

*

Molson Breweries Ltd
Montreal

5'/o

122%

17

•

(RobtV

1,121

1*

f

•

•

Commerce

36%

__

Mitchell

48%

com

Canadlenne

15%

•

Export class A
Mailman Corp Ltd common

Apr

47

*

'

•

Winnipeg Electric
Zellers

Jan

34%

3

MacMillan

16%

47%

1

:

.

Jan

17

__

Laura Secord
Bros

t,

(George)

17%

3G %

Canada common_5

Indust Acceptance
Corp common
4%% • preferred

Jan
Jan

99

'

'•

+

Gooderham

14%

Jan

*

preferred

Jamaica

■•

Cotton

Jun

30

50

Ltd

19%
42%

Jun

5%

May
Feb,

•

Paper

Mining

Oil

11%

20

100

pfd

Alabastine

Jun
Jun

12%

Jan

50

•

preferred

Imperial

36%

22%

100

——,

Bridge

Smith

Jun

22'/a

•

preferred

Hamilton

Jan

—

100

St

Jan

11%

*i\.

•

common

4%

Jan

11%

Jun

*

Wares

Goodyear Tire
Gypsum Lime

24

28'/a

Jun

May

*

common

Power

General

Lewis

12%

8

•

Canada

preferred
5%% preferred

4%

943

8'/a
;

81

23%

5%

$2

26%

__

Gatineau

5%

61

3,554

common—*

Corp

of

489

*

_

Co

9

8%

Jun

84%

.35

common

13%
34%

35

___0

com

preferred

Weston

25

Famous Players Canada
Corp—

Foundation

5%

Wabasso

Feb

8

._*

_

Eddy Paper Co class

Fraser

*

Canada

of

Biscuit

Feb

8%

*

Dryden Paper

Viau

13%

•

Chemical

300

255

Co

I•

Steel

27%

12%

•

common

Textile

Feb

81%

—

preferred
Dominion Steel & Coal class B
&
Red preferred

13

84

^

7%

Dominion Tar

22% May

5

Dominion Foundries & Steel
Dominion

14%

100

—

Banks—

———

Jan

May

13 %

City

United

Jan

25%

•

Consolidated Mining 81
Smelting
Consumers Glass

preferred

Press

Co

Jun

__

5%

Mills

t c_

v

*-

Steel

13

8

7;

25

-

Dominion Coal 6% preferred
Dairies common

Jun

45

35 %

49

class. A

»*

\

26%

26%

*
*

Dominion

Jan

"

120

8

27 '

•

Distillers Seagrams
Dominion Bridge

37

42

14

•

common

•.

—

—^

125

42

25

102%

Jan

25

Canadian Pacific
Railway
Cockshutt Plow

Mar

Jan

Jan

10

Canadian Locomotive

—

20

Apr

20%

13

common

Flour

'•

Twin

,

13%

Canadian Ind Alcohol class A
B

101

—

—1

Sicks Breweries

•

9%

•

Class

4

Jan
Jan

Apr

Jan

1,755

—

•

pfd—

Shawinlgan Water & Power
Series A 4%
preferred

Soulham

13%

Foreign Investment

,

18

59
23

173%

35

;

4%%

Paper 1st preferred
preferred

Feb

9%

„

Cottons

20

24'%

—

*

Lawrence

Jan

13%

•

Canadian

al9

24

101% 101 'A

—

100

preferred

Lawrence

37%

*

B

Canadian

al9

„

24

May

—•

—

Corp
1st preferred

14%
*

•

Canadian Converters class A
pfd

Jun

49

13%

J—1

common

Power

Simpsons

25

—;

Feb

170

*

—

St Lawrence

Jan

20

Canadian Celanese common

Class

19%

•

——

20

10

•

common

Oil Ltd

Sagucnay

98

Jun

33

—

series

450

Jan

29

50

Class A

1,327

22

170

Jan

290

•

14

28

J*

Canadian Car & Foundry common

v

52%

21

170

—

26% Jan

Jun

22%

100

_—

49%

Jan

Jan

23

Canadian Bronze common

$1

Paper

Standard Chemical

Breweries

52%

21%

Feb
Mar

16%

Ltd

.

Safeway 4%%

23%

—*

& Co

preferred

'

Canada

Jun

Apr

28%

___•

Canada Steamship common..
5% preferred

16%

High

Jan

*

Canada Northern Power
Corp

775

1

Co

of Canada

Bros

17%
38%

20

$1.50 preferred

18

Quebec Power

76

2nd

A

Building Product^
Canada Cement

Price

6%

Jun

1,641

18%

British Columbia Elec Co 4%%
pfd.100
British Columbia Forest Products
•
British

Jan
Mar

62

3,014

40%

18

'

Preferred

River

Power Corp

47

Regent Knitting common
__

25

Power—

&

Development

Powell

Jun

21%

A—*

17

*

Jan

5%

22%

Corp

com

Page-Hersey Tubes

Apr

190
55

18

•
100

9%

Jun
Jun

62

42

ow

*

Jan

6%

5%

Jan

„

—*

26 %

43%

62

38%

40

•

Light, Heat & Power
preferred

Jan

50

5%

L'4% May

245

Ontario Steel Products———_

25%

125

62

657

41%

Ottawa

Jan

6%

5%

35%

41%

35%

100

61%

43%

•

35%

* "

common

Jun

6%

100

F*.*>ge Since January 1

High

:

Mills

preferred

41

43%

•

Asbestos
Bathurst
Bell

—

•

pfd

Argus Corp Ltd common
4%% preferred

Brazilian

41%

Ltd

Mines

Flour

1%

Feb

56

May

Noranda

Ogilvte

Placer

—

Shares

Low

•

common

preferred

5%

Aluminium Ltd
Aluminum Co of Can 4%

for Week

High

S% May

8,331
:

Breweries

>-——25
National Steel Car Corp
*

Range Since January 1

High

*
—20

Acadia-Atlantic Sugar
Algoma Steel

National

for Week

Range

20

common

$1.50 preferred
$2.50 preferred

Sale#

Sales

Range
of Prices

Par

Week's

Sale Price

Week's

Last
Sale Price

OaatJIn Funds

Friday

Monday, June 27, 1949

Limitee

class

•
B

*

—>
14%

a30c

al5 a 15%

13%

14%

56

35c

20

15

5,370

13%

May
Jun

8

8

25

8

Apr

•

43

42

43

80

42

Feb

48

Jan

Dominion Oilcloth & Linoleum

*

37

37

37

440

36%

Jun

40

Mar

Dominion Square Corp

*

May

Engineering

Works

Ltd

-

Jan

14

51

Jan

52'A

Apr

10

28

Jan

40

Jan

Dominion Woollens & Worsteds —.—*
130

100%

Jun

101

Jun

Donnacona

Paper

Co

Ltd

•

a69% a69 %
11

2

53

Jun

70

11

11

10

11

Jun

13%

Jan

14

14

265

13%

Jun

20%

Jan

W

Volume

Number 4815

169

THE

COMMERCIAL

&

CANADIAN
RANGE

Friday
STOCKS—

Week's

Last

Range

Par

Eastern Steel Products Ltd
East Kootenay Power 1% pfd-

Fairchild.

Aircraft

Ltd

._.i_100

Shares

6

Low

100

35

85c

5%

25

80c

:—

(2785)

MARKETS
JUNE

24

Toronto Stock

Range Since January 1

High

35

—5

ENDED

for Week

Low
6

.i.

LISTED
WEEK

CHRONICLE

Sales

of Prices

Sale Price

FOR

FINANCIAL

200

28

High

Jun

7%
35

May

60c

Friday
STOCKS-

Jun

1.25

Apr??'

Exchange

Canadian Fund*

Jan

Week's

Last

Sales

Range

Sale Price

Jan

for Week

of Prices

Shares

I:* '•'

Federal Grain Co

Fleet

6%%

red

pfd—100

Manufacturing Ltd

i?

99 %

65

99%

1.75

1.55

1.75

6,300

1.25

*

Ford Motor Co of Canada class A

99%

•

i

.

21 %

21

21%

380

20%

10

9%

10

Jun

105

Juiv

May

2%

Feb

Jan

26

•

Jan

Lakes

Class

A

Halifax

Paper Co Ltd

*

com

preferred

Insurance

* "*

Co

a35% a35%

10

8 %

i

Hendersbot
Horner Ltd

Paper Products
(Frank

W)

4

com

class

A

McColl-Frontenac

Minnesota

&

Jun

8

Jan

2%

Jan

Paton

Canada

Fuel

12%

13%

215

12%

65

65

65

140

65

75

9

15%

460

110% 110%

-

4

>

._

alO

-

34

alO

5

• '

pfd

6%

Co

100

1st

22%

Mar

8% Mar

15%
9%

Jan

15% May
111% Jan

110 % Mar

Feb

10%

JunT'

4

Jan

9%

May?'

Feb

7

Mar

26%

250

26%

Jun'

:

26%

Jun

15

100

15

Jun';1

20%

Jan

105 105%

pfd

104

111

Mar

970

12%

FebS/

24

Jun

14

14

100

14

Apr.

14%

Apr

15%

150

15

Jun

18%

Jan

21%

.

100

108
43c

.—100

30c

pfd—

108

28

43c

45c

68,767

16

•-

B

26.;.

24

15%

21%

16

30c

41

30c

900

108

Jun

41c
16

30c

13%
12

12

250

39

39

25

35%

al3

..100

50

22

Ltd

18%

al3

12

12 %

Windsor Hotel.Ltd

17

65c

Jan

12

Mar

16

Jun"

Jun

Low

11%

Yellowknife

1

Aluminium

75c

•

Ltd

Co

4

of

Amalgamated

Canada

Larder

pfd

41%

25

Mines—

1

14c

Jan

1,885

16

Jun

20%

Jan

35

37

865

25

Jun

38 %

Feb

20

20

200

20

Jun

25

Jan

8

60

8

Jun

75c

75c

6,500

55c

Jun

28%

305

41%

41%

1,590

25%

530

13c

<

17

17%

25%

20

4

Steel

14c

1,494

Jun

(May

18%

Jun

!■

21

Lead

Lake

Bordulac

22C

Gold

Mines

Mines

18c

Ltd

1

4c

22c

21c

*

40

May

16

Jan

26c

14,700

42,000

17%c
20 %c

Jun

65c

Jun

65c

Mines Ltd

5c

Jan

4c

4%c

3,000

4c

Jan

5%c

5%c

1,000

5c

Feb

9%c May

10c

10c

1,000

10c

Jun

16c

Jan

25c

Cheskirk

Mines

8c

8c

9c

9,500

5c

6c

6c

6%c

27,500

6c

Apr

2c

2c

500

2c

Jan

5c

6c

4,000

5c

;

Mar

•

Mines

Ltd

Ltd

May

l

1

—

•

Explorations

6c

1

5c

5c

500

4%c

43c

43c

500

43c

39c

Jun

Jan

1

9

11

6,000

9c

Jun

20c

Jan

16c

Jun

68c

Jan

Anacon

Anglo

Lead

•
4

Canadian

«

Oil

Anglo-Huronian
Anglo

Rouyn

*

Mines—

1

Apex Consol Resources

•

Area

22c

16c

24c

24,800

3.20

2.99

3.25

9,400

2.85

Jun

5.30

Jan

3.85

8.P0

8.90

2,125

8.65 Mar

10%

Jan

42c

23,100

37Vac

Apr

1

Mines

Argus

Corp

33c

3 %c

•

Preferred

!

6

3c

May

7%c Jan

1,000

lOc

May

23c

5%

6
62

15

20c 21 %c

44,600

8c

Jan

1,000

8c

Jan

1

20 %c
9c

9c

10

11 %

11%

115

3%c

4

3%c

Ashley Gold & Oil
Mines

(1937)

9%c

9c

285

80

9%c

65c

57c

65c

18,300

10 %

10

10%

Atlas

1

9%c

10c

1,850
1,500

1

6%c

6%c

Yellowknife

Aubelle

Mines

Ault

Wiborg

&

—

preferred

-100

Aumaque Gold
Aunor
Auto

104% 104%

>1

Gold

Malartic

Sullivan

class

A

_«

—

Mines

1

Consolidated

—

6c

6c

1,000

5%c

5c

5c

6c

7,500

3%cMar„,

__ii—--•

Mines

——

.

Jan

55c

Jan

7%c Apr

al8

al9

130

15%

Jan1""

17c

17c

17c

500

16c

Jun

25c

Feb

7c

7c

1,000

6c

Jun

16%c

Jan

2.01

2.03

9,300

1.35 May

2.68

Apr

1.85

1.70

1.85

4,300

1.65

3.45

Jan

52c

43c

53c

10,200

V'

1

Mines

Mines

Ltd.:

__

1

Ltd-

Hollinger. Cons
Hudson-Rand

19% Apr

Ltd——

1

Gold

Mines

Macdonald

78c

Jan

Gold

5c

3,000

5c

May

10c

39c

500

38c

May

39c

Jun

al5c

al5c

300

15c

9.25

9.25

110

Barymin
Base

Co

Ltd

Metals

Bathurst

19c

Ltd

*.

Jan

15c

2,050

1

9%c Feb

23c

Apr

53c

Jan

26c

31c

1,000

26c

Jun,

15%

15 y4

15%

1,020

14%

13%

Feb;

16% May

14

14

500

11%

Jan;.

14%

1.05

1.05

900

94c

27c

30c

3,300

57%

57%

120

1

Mines Ltd

1

Mines

Apr

12%

1

1

,

Mines

15c
,

Apr

l

Ltd

28c

5
4

Nechi

1

Cons

1.45 Mar

8.75

100

76c

78c

6,800

72c

7c

500

7c

26c

70c

Jan

Jan*;.

19c
51

8.75

62%

Apr

20,825

8.50

Beatty

Bertram

Blue

May

11 %c

Jan

Feb

104 %

Jun

38c

Feb

103%

3.00

Jun

6%

Jun

14c

19c

17,600

5c

3,500

26

615

34%

34%

34%

338

36

36

36

20

87c

87c

25c

20 %c

26c

18

18

lOr.

May

14c

200

5c

3.65

Jun

27c

4%c Jun
25

Gold

Corp

common

Junl

5,700

1.72

Jun-;

Gold

Mines

*

Ltd

1.80

1

Dredging Ltd
Piccadilly Porcupine Gold Mines—

-

Development

—

-

1.55

1.67

700

4.05

r

3.95

4.05

1,400

8%c 10 %c

1

1

22c

20c

-

Tiblemont

,

Millen

Ltd

Mines

Mines

Ltd

3.70

■■

■■

.

•'

'

.

■!'

■

\:'j

7l.

-

:

:

7„

British

American

Oil

Columbia

Elec

British

Columbia

Forest

British

Columbia

British

4%%

1.95

3:

Corp

Oil

Oil

Co

Pacalta

class

For footnotes

3,700

20c

20c

1,300

43c

6,351

1.40

1,500

6c

1.25

41c

;

May*

20c

Mayir

;

86c

3,200

74c

Jun

27c

17,500

25c

42c

49c

99,100

42c

May

f

Jun

-

'-v'-'V

>

;

■

8c

9c

9,500

2c

May

2.57
42c

Jan

Apr

9.00

45c

18%

9.25

835

8.25 Mar

18c

Feb

9.50

Feb

50c

358

18%

2,735
1,400

22

565

24

Jun

25%

5

97

May

101%

Jan

Feb

3

Jan

45c

Jun

1.25

Jan

17%

Jun

20 Va

Apr

24 %

Jan

5c

A—4

class

4

.

24,000

;

Building

Lake

1'

3.10

700

2.90

4.25

4.55

900

3.85

5c

1.10

4

6c

13,000

90c

1.37

13,425

76c

9.25

I3%c

10%

50

10

Apr

13

Jan

26%

26%

305

25

Mar

26%

Jan

20c

21c

9,150

18c

May

37c

Feb

34c

34c

500

31c

Mar

37c

Jan

12c

10 %c

12c

5,200

10c

Jun

24c

Jan

2.00

1,700

10c

3,800

6c

6c

28

100

12%

12%

1.60

Jun

3.05
20c

Jan

Jan

8c

Jun

5c

3,000

28

6c

Products

—

Co

&

May

9%c Jan

May

33

27

Jan

60

12%

Jun

14%

——4

14

14

90

12%

Jun

17%

Feb

4

7%

7%

150

6%

Jun

8%

Jan

4

class

class

B

A

12%

7c

—1

Bousquet

7c

1,600

4

Edmonton

16

16

16

90

4

Linen 2nd preferred

Caldwell

Calgary &

Flin

4.50

4.25

4.50

1,900

Flon

5%C

1

Jan

•

5%c Jun

11c

Apr

16

17%

Jan

3.75

Jun

Jun

6.60 Jan

■
.

1.90

14c

!

Jan

10c

76c

500

9.00

9.65

2,222

11c 13 %c

12,700

Jun

5.30

Jun
Jun

5c

•

6.60

12c

6c

5,500

31c

590

2.95

3.10

2,200

4%c Jun
30c

Jun

2.70 Jan

8%c Jan
54c

Jan

3.75 Mar

Bread

Canada

2%

2%

Jun

3%

Apr

22%

22%

25

22

Jun

26%

Jan

28

28

255

27

Jun

30

Feb

43%

43%

45

43

Mar

50

Jan

4

Cement common

14%

14"%

175

16%

Apr

100

188

188

23

4

common
;

Preferred

4

„

20

50

2%

Malting

4

Canada

Packers

Permanent Mortgage

class

B

43%

14%

Jun

Jan

Feb

1.34 May

1.28

5c
31c

3.10

*

Canada

53c

73c

Feb

3c

3.00.
4.55

10%
26%

Buffalo Ankerite

Red

Jan

8c

A

Buffalo Canadian
Buffalo

2%

2,800

1.60

Oil

class

192% May

12

Jun

14%

33%

Jun

37% Mar

12%

12%

12%

450

33%

33%

33%

50

6

6

200

5%

Apr

.10

23%

23%

23%

Feb

24% May

19

19%

1,960
2,600

22%

19%

„—

4
50

Canada SS Lines common—
Preferred

187% Mar

19

Jun

21

Jan

Jan

Jan

&

Jan

Jan
Jan

26

Cable class B.

Canadian Bakeries

Canadian

Breweries

Canners

26

25

24%

Jan

29

6%

May
Feb

Apr

14

15

284

13%

Jun

18

Jan

14%

14%

25

13%

Jun

18

Jan

10

10

10

200

9%

Jun

14%

Jan

13%

13%

13%

305

13%

Jun

17

Jan

19%

19%

19%.

285

19

Jun

22% Jan

36

36

36

30

35

Jun

39

4%

4%

4%

985

4%

Jun

8%

Jan

9

Canadian Celanese

15

20

preferred

4

4
-4

common—

Class A
.

2%

„1

Canada Wire

4%c

2%

4

Mar

Jan

■"

A__i— r____4




Jan

45c

23%

-1

Canada

Jun %

1.30 May

80c

*

page 44.

5%c

Feb

98%
2%

Broulan Porcupine

8%

9

255

8%

Jun

13%

Jan

common

.25

Preferred

May

Jan

?

Canadian

Food

Products

89 %c

Feb

76c

Jun

88C

8.50

Jun

13%

Jan

Canadian

8c

Jun

14c

Jan

Canadian Malartic

common.

Apr

2.00

May

Class A

Canadian Indus

see

Jun

24%:

Jan

3,900

41c

*

Ltd

May

98%

14c

7c

1.65

25c

4

Co

18%

8c
2c

26c

23%

Jun^,,

6c

26c

4

Ltd

Oils

Apr

Jan

■•v

Petroleums

May

4c

1,832

24%

14c

6c

86c

Ltd-

Gaspe Oil Ventures Ltd

Feb

12
25c

1,200

23%

„1

g%c

Ltd—

Co

Jun

20 %C

Power

Dominion

Calder

"J)5%iun

;

Edmonton

Jun

3c

2,000

98%

Canadian Car common

Homestead

9%

10%c Mar

10c

24%

Buffadlson Gold

Conv

Calgary &

Feb
Jan

35c

•

pfd

Products

Packers

British Columbia

Canadian

Anglo-Canadian Oil Co Ltd

45C

-1

1.37

14%c

_

33c

16c

2%c

25

common

British

Canadian Bank of Commerce-

Oil Stocks—

Apr

7% Mar

33c

9.25

Campbell Red Lake.

43c

147c

Westville Mines Ltd

18c
May
3%c May

3,000

3c

4

A

Calmont Oils

1

United Asbestos Corp

Jan

7.50
-

Jan

(-

Ma/'

1

____

417/a

Jan

Feb

5

9c

Feb

^40

.

1"

•

14% May

2%c

Burlington Steel
22c

1.45 Jurfe
3.30

l

Ltd-

Trebor

_2

•
•_

;

*

5.00

50

6.800

3c

9%

4

class

9%

12 %c 13 %c

—1

Jan

1.48

1

Goldfields

Torbrit

6c

1

Ltd

13,500

—

Canada
50c

(1944)

11,000

5%c

8c

Mines

Mines

20c

5c

Jun! »
Jurii'.j

Santiago

Mines

19c

3%c

500

Cons

Feb

5c

1,500

6c

Stadacona

387/a

1.06 May

4%c Mar

6c

7

5,073

20C

67c

1

Mines Ltd

Jun

100

Jun

3%c

Siscoe Gold

12%

100

Jun&

3%c

Ltd

Jan

135

7%

8c

l

Sherritt-Gordon Mines Ltd

Jan

23

6.00

17c

Gold

Ltd

40%,

1,500

Rochette

Co

65c

Jun

7%

5,000

22c

Quebec Manganese Mines Ltd
Mines

Jun

17%

'•

1.84

i_

1

'

Jun

20c

6.00

4

-

Mines

&

Callinan

Labrador

40%

1

Bralorne

Burns

6c'

Pato Cons Gold

40%

_1

_——

Burrard

6,000

Ltd

12%

Brazilian Traction Light & Pwr com—4

Jan

7c

Corp

87c

Feb

7c

Mining

12%

—„

Mar

7c

Normetal

36% Apr
37% May

2,200

1

——

31c

1

•

34% Mar

Jan

Jan

39,800

1

Gold.

Gold

Bordulac

14c

*7

New Marlon Gold Mines Ltd

Jan

lie

26%

Jun

Jan

4

—;

Boymar

Jun&

7c

___i

12%

B_

Mines

Jan

23 %c

Mines

Jan

7% May

35%

1

class

Kirkland

Bonville

Jan

7c

Home

Feb

6c

50

25

Sons

Ribbon

Bobjo

84c

24c

New

15c

3,266

4

Quebec
&

Bidgood

12%

1

General

Jun

6%

25%

4

Telephone

Bellcterre

Jun

1

Goldvue

Consol

Jan

8c

3.30

5c

4

A

Bros

ApslH

New

78c

Apr

May.;'
May*

Dredging Ltd
New Alger Mines Ltd

1

Jan

12%

6%

26

4

Mining
class

Pov/er

Preferred

8.75 May

14c

1

Ltd

Mining Corp of Canada Ltd—

■

Apr

94c

Mar

39c

—

1

.

Mines

Mclntyre-Porcupine

4%c

5

Ltd—

Mines Ltd

Mines

Gold

Jun

1

„

Joliet-Quebec Mines Ltd
Shore

42c

Jun

4

Gold

Addison

"

_i

Hillcrest. Collieries

■

18c

Jun

Feb

al9

4

_.

Ltd

Formaque Gold Mines
Hasaga Gold Mines

Sullivan

May

3.20

10

Jan

10

3,100

-1

i

Montreal

13%

50c ' May

13c

10

of

Brand
Gold

Quebec

9c

Mar

May

9%c Jan

Jun

12 %c

3.20

Electric

5

74

14%c Jan

10% Mar

3,000

.

Jan

30c

Jun

3c

Jan

6%

Jun

60

500

•
•

Oil

Boycon Pershing

O'Brien

5%

8,500

Atlas Steels

Atlantic

Feb

8,500

1

Ashdown Hardware class A

22 %c

c

62

100

;

4%

10 %c 10 %c

«

common.

Arjon Gold

42c

4%C

Mar

16c

6c

1

Ltd

Jan

10c
».

Ltd—1

Duvay Gold Mines Ltd—____l;;.7;

Leitch

Jan

38c

Bevcourt

Jun

Ltd

Jan

3c

7c

7;

Jun

-2

—_______:

Dome Mines Ltd
Dulama Gold Mines

Lake

18c

Feb

-

i

Consolidated Beattie Mines Ltd
Consol Central Cadillac Mines

Kerr

Jan

May

Jan

1

——

Century Mining Corp Ltd.

Eldona

26%

12c

Jun

Bell

East

Jan

25% May

25c

Jan

1

Ltd—

Ltd

Candego Gold Mines
Gartier-Malartic Gold

East

61%

40%

500

Bank

Mines

Bouzan Gold

Cortez

Jan

Jun

May

25c

10

Bob's

Apr

56

35

V.

Base Metals Mining Corp Ltd
Beatrice Red Lake Gold Mines

Jan

25c

Yellowknife

Bankfield

Anacon

9%
85c

4

Feb

Feb' •
May f

Stocks—

.

.

9% May

American Nepheline

Bagamac

Mining
<•

High

2,610

16%

37

•

Agnew-Surpass

Algoma

Low

11%

8

Acadia-Atlantic class A

Akaitcho

Range Since January I

High

11

15%
35

Athona

Apr

46c

■

_2o

Armistice

113
V

Jan

Jun

39

Ltd

•:

:

$2.50 preferred

Jan

73%

,v

4

common

American

15

pfd. 100

Ltd

class

Westeel

Juni;

Feb

26%

Ltd

United Securities

97%

20

♦'

Products

Jun

Jan

Mar

4

Products

Invest

92

9

Trans-Television
United

10

15%

Ltd

Pr

Invest

Clay

18

13%

l

Southmont

16%

Feb

10

:

Corp of Canada 6%

Standard

Jun

17%

*

Quebec Pulp & Paper 7red pfd__100
Reitmans. <Can), Ltd common.,..:
4
Russell Industries Ltd
*
Southern

13%

20

92

92

200

17%

Paper

$1.50 preferred

Aluminum

13%
a

——4

—

Stores

17%

5

Co

pfd——100.

Manufacturing Vk

Power

13%
a

92

100

Ltd

Paul Service

Jan

Feb

Co___„

Grange Crush Ltd

Jan

13

Apr

7

^

Scqtia Lt & Pr 3%
Nuclear Enterprises Ltd

10%

9%

2%

13%

Noya

8% May

10

al7%

Pr

Jan

25

Newfoundland

&

40

7

Moore Corporation Ltd
Mount Ro.yal Rice Mills

Lt

Jun

36

a2 %

*

Paper

475

-

Jan

7

Oipfd

Ontario

11

11

45

16

a2%

common—10

Maritime'Teleg & Tel Go

5

8V4

Jun

4

-

Ltd (Walter M)

Co

11

*

9%

—>—4

Hydro-Elc-ctric Secur Corp

towney

200

&

2o

,

Great

par

■

Abitibi Power

Alco

locomotive
—

'A"

voting.

8%

8%

9

430

25%

26

215

60c

62c

5,200

Jun

11% Jan

24

Jun

36%

Jan

55c

Jun

79c

Jan

8%

41

42

(2786)

THE

COMMERCIAL

&

CANADIAN
RANGE

Friday

Range

Sale Price

Oil

Cos

-25

—ii I

Gold

Gunnar Gold

12%

3,134

11%

Jun

17%

Jan

Gwillim

1.19

700

1.14

Jun

1.50

Jan

Gypsum

1.45

1.40

Jun

1.74 Apr

3,000

;

70c

6,000

74c

2,500

8%

8%

10

5%

5%

9

9

50c

4%C

4%C

3,000

2.20

2.35

2,950

12c

12c

2,000

1

2.35

1

.

————_——1

~

22c

Apr

13Vic

Willans

4c

10

May
May

2.18

10c

Jan

98c

Mar "

10c

Jan

Jun

2.85

Feb

May

18 %c

3c

2 Vie

3%c

32.500

2V4c

Jun

5%c

Jan

2.35

2.60

10,950

2.00

Jan

2.73

Apr

*

♦

12

190

18c

20c

6,500

17c

Jan

4c

5c

2,400

4c

May

5

■

5

250

11%
20c

1

*

Alabastine

Gold

Harricana

14%

Mines

11

Jun

710

7,800

15c

High

Jun

6c

14%

Mar

14

25c

Jan

17%c Mar

Jun

17

Jan

24 %c

Jan

7C

6c

7c

10,500

6c

Jun

10c

Feb

5c

5%C

6,500

5c

Jun

10c

Jan

42c

37c

42c

6,000

35c

Jun

83c

23c

23c

1,000

21c

Apr

59c

Feb

6 VaC

7%c

2,250

6c

May

13 %c

Jan

65c

Jan

1

1

16c

17,000

18c 18 %c

1

Gold

Gold

Low

1,000

8Vic

7c

1

:Jan
>

1

Heva Gold Mines

1

7%c

f

t

Highland-Bell

1

Hclbnger
Hosco

57c

2,000

52c

Jun

9c

7c

9c

16,000

6c

Mar

5

9.15

9.10

9.50

4,785

May

12%

1

17C

15c

17c

23,700

14c

Jun

32c

Feb

1

Consol
Mines.

Gold

52c

_•

30c

29 %c

34c

19,100

27c

Jun

33c

Apr

41%

40%

41%

625

38%

Jun

57

3c

38,000

2c

Jun

-

Highridge Mining

Howey Gold

2.60

Plow

Coin Lake

&

Gold

Hasaga

8%c

8.75

10Vic May
Jan

Jan

1

..

1

Range Since January 1

High

16c 16 %c

Jan

7

Jun
Jan

8
41c

Jan

11

—1

Malartic

Rock

Harker

16c

.

Lime

Shares

Jan

Jun

5%

1,200

Chesklrk Mines
Mines

8V2

115

46c

Jan

Hard

Lake

for Week

of Prices

Low

1

Hedley Mascot

50

*
.

1.45

Jun

4c

25

50c

Wines

Jan

Jun

14

7,200

5c

1.65

May

65c

15Vic 16 %C
5c

High

May

56c

19,400

7i'/aC

»

Chimo Gold

Cockshutt

Feb

59c 62 Vac,

„1

_.

Cochenour

15 Va

1.45

-I

Research

Citralam

Jan

-I

Mines

Preferred

Chesterville

12 Va

62 %c

common

Chateau-Gai

Chemical

25

Low

Range

Par

High

Sales

Week's

Last

Sale Price

Range Since January 1

12%

•

Central Porcupine
Centremaque Gold
Chatco Steel

Shares

1.15

__

1.45

Oil

Patricia

Friday
STOCKS—

for Week

of Prices

12 Va

12%

Castle-Trethewey
Central

JUNE M

Low

common.

Canadian Pacific Railway—
Cariboo Gold

Central Leduc

MARKETS

LISTED
WEEK ENDED

12 %

Par

Canadian

Monday, June 27, 1949

Sales

Week's

Last

STOCKS—

FOR

CHRONICLE

FINANCIAL

14%

Jan

30c

7c

Jan
Jan

Hugh

Bay Mining & Smelting..

Malartic

Huron

Apr

6%

May

Hudson

&

20%

.

•'
1

—

Erie

100

paid

Imperial
Imperial

2c

3c

110

100

Bank

112

10

29

29

30

20%

20%.

34

110

Jan

Jan

6c

Jun

117

Jan

20% May

22

Feb

Yellowknife

Conduits

National

_.

Consolidated Astoria

11%C

Consolidated

Consolidated

Beattie

8%

8%

200

43c

43c

48c

9,450

40c

46c

50c

2,632

5%c

6%c

7,000

82%

83%

5
*

£

50c

.

Crowshore

Patricia

D'Aragon Mines
Davies

1

.

;
—

Jan

Ingersoll Machine class A

*

7

7

Jan

Inspiration Mining

l

34c

;v 39c

1,500

Jan

International Metals class A

•

21

81

Jun

123

6,800

1.45

Jan

Feb

500
5

30

4,500

114

30c

Industrial

115
52

1

Acceptance

::

common

Preferred

Milling preferred

International

Nickel

International

100

Petroleum

Co

Ltd

Denlson
Detta

Nickel

Red

4,500

5%c

Jun

Jan

16c

Jun

Dexter

Red

Discovery

Mines.

Lake

1

21

50

13c

3,500

20%

4'- '

Jun

10c

Jun

Dcme

Mines

1.20

4c

1,500

3c

6c

40c

33c

24c

20c

16%

18%

2

„

L

Ltd

•

3,200

5 Vic

__

Distillers Seagrams

Dominion Bank

1.41

5ViC

Lake—

Yellowknife

■■'2 J.: •

"

•

10-

■

.25

.*■

I

5c

40c

4,000

26c

19,800

16%

18

18%

23

Feb

33c

Feb

18

18

18

22%

•

9%

.1

8%

46c

15

13%

Jun

32c

Jan

1.495

14%

Jun

18 Vi

Jan

995

15%

Jan

19%

Apr

190
,

15

•

Donalda

24%

Feb

100

17

Jun

125

:

22%

26

Jun

745

50 7
10

J

20% Mar

-

27%

14%

Jan

Jan

8
3%

Jun

5

Jan

41%

Jun

46

Jan

13 %

Jun

17%

.

:.

East

24%

525

21%

Feb

24% May

11 Va

11%

560

10%

Jun

12

36c

42C

Crest

East

Leduc

•

Ltd.

; 43c

16,700

35c

May

65 %c

Feb

16c

17c

-3.900

16c

May

25c

Feb

5%C

7%c

47,200

5c

Jun

...1

_

8c

6c

8c

1,000

7c

6c

7c

5,000

6c

19c

21c

7,400

19c

Jun

7

15

r

Oil

Oil

I'¬

_

East

East

Sullivan

ll

Malartic Mines-

Eastern

29%

30

7Va

7%

1,613

22c

25c

19,900

•

4c

4c

4c

2,000

3%c

5 VaC

Feb

Mines

1

6c

6c*

1,000

4%c Mar

6%c

Jun

Consolidated

1

2c

2c

1,500

l%c

3%c

Apr

15 %c Mar

25c

Apr

„26c

Jun

54c

Jan

Jun

14c

Jan

J-M

Gold

1

Quebec

25c

13c

25c

Eldona

'

17c

30c

26c

33c

119,955

4%C

4%c

3,500

12c

10c

12c

6c

6c

15%

14%

16

1
•

Mines

Kenville

—

Jun

12c

Mar

Jun

10%c

1
1

Kirkland

Sol

Gold

Eureka

38c

Jan

2.24

1.97

2.25

24,950

1.83 May

2.70

Apr

1.70

1.90

17,000

1.62

Jun

3.45

Golden

Gate

6

6

870

5% May

7%

Jan

30c

35c

9,750

30c

Jun

41c

1

53c

111,577

41c

Jun

77c

5c

Fire

5c

1,500

5c

May

12c

Jan

31c

35c

6,000

27c

May

60c

Preferred
Federal

3.40

3.25

3.50

2,285

3.10

Jun

13%

14%

500

13 Vi

Jun

31%

32

85

31%

Jun

37

Products

51

20

51

Jun

51

Jun

5%

5%

200

5

94

May

100

99

100

85

l

common

4 %C

4%c

1,100

9%

520

1.55

1.60

300

1.35

Jun

21

21%

715

20 Vi

Jun

1.75

Jun

*
1

Fleet

Mfg

Ford

•

Motor

Frobisher
Gair

Co

class

A

Power 5%

I

•

preferred

Gatineau

t

•

Exploration

era

1^10

4c

Jun

May

9

8%

Jun

1.95

5,130

90

100

1.77

90

20

85%

Jan

100% 100%

——100

preferred

Preferred

a

•

1

4.50

Jan

16

Jan

7 Vi

116
7c

Jail
Jan

25

100%

Jun

10

2%
26
2.90

92

Feb

7,600

3c

Jun

10c

Jan

2,400

41c

Jan

95c

Apr

11 %c 11 %c

2,500

1

Labrador Mining & Exploration
••

...

■

•

•

..

''••

'

••.

Dufault

1

Lingman

Mines

May

106 Vi Mar

210
10

5.50

5.80

3,348

9c

10c

2,500

8c

Jan

11c

Apr

l

5.80

~i

Lake

Rowan

1

;

Lake

Shore

Lake

Wasa

I-

,

1

Arrow

Manitou

I

Goodfish

Mining

La

Luz

Great

A

Apr
Apr

40c

May

74Vic

Jan

7,650

30c

Jun

56c

0

Larder

"U"

Laura

Mines

Coal

For footnotes

May

30c

Jun

1.45
64c

Jan
Jan

7VaC

1,500

6c

Jan

13

14%.

3,760

10%

Jan

6,000

34c

Jan

12c

Feb

15

Apr

48c

Feb

36c
2.10

100

6.25

6.40

1,400

5.80 Mar

6%C

Lawson

&

Jones

class

7 Vic

2,500

5%c Mar

12c

Jan

2%c

Apr

4%c

Jan

13-

Jun

15% Mar

2.00

Jun

2.45
6

.40

Jan

Jun

2 Vac

4,000

14

14%

160

*

A

Leduc-West Oil
Gold

6.40

2 VaC

18%

18%

18%

18% May

19%

58c

58c

900

53c

Jun

86c

1.10

1.05

1.10

7,500

95c

Mr y

1.20

Jan

Jan

•

Mines

Ltd

1

40

Jun
Jan

Lencourt

Gold

1

4c

4c

1,000

4c

May

10c

Gold

1

7%c

7%c

1,000

7c

Jan

12c

Feb

60c

67c

15,425

55c

May

1.08

Jan

27%

27%

170

27%

27%

90

Little

Long Lac

•

Loblaw

Groceterias

class

A

67c

•

B

•

Louvicourt

Goldfields

27%

27

Jun

31 Va

Jan

27%

Feb

29

Jan

1

Mines

9C

8c

9c

14,000

8c

Jun

45c

Jan

*

Yellowknife

13c

11c

14c

4,000

8c

Jun

16c

Jan

2.58

Apr

2.10

2.05

2.15

6,375

MacDonald

Mines

I

29c

28c

30c

12,740

Red

Lake

1

6c

5%C

6c

4,000

Macho

River

16c

17c

82c

90c

1

1

MacLeod-Cockshutt
MacMillan

Export

Gold

class

Mines

1

A

*

B

1.90

Jun

21c

May

74c

5c

Jun

13 %c

Jan

3,900

16c

Jun

34c

Jan

7,700

77c

Jun

■,

8%

8%

8%

175

8

6%

6

6%

1,100

1

2.75

2.55

2.77

II,950

16c

16c

6,500

2.44

Mines

Magnet Consolidated
Gold

2.25

2.51

12,050

9

9

39

4c

4c

4%c

3,412

3%c

3c

3c

2,000

3c

_

Fields.

Maple

Leaf

Milling

•

Mines

Massey-Harris

1

J.

___1

Jan

6

Jun

1.20

10

Jan
Jan

Jun

7%

Jan

2.40

Jan

3.10

Apr

16c

Jun

30c

Jan

Jan

2.69

Apr

Mir

11%

Jan

Jun

5%c

Feb

Jun

6c

Feb

•

2.02

8

16

16%

1,270

15%

Jun

22%

Jan

11%

11%

880

10%

Jun

15 Va

Jan

92

90%

92

160

90%

Jun

93

Jan

58%

57

58%

1,215

50%

Jan

62% May

40c

38C

43c

4,800

30

Jun

-50c

Apr

6c

6c

6V4C

6,000

6C

Feb

12c

Apr

10c

8 Vic

11c

6,200

8c

Jun

12c

Jan

6V4

6V4

420

6%

Jun

3 Vic

Jun

16

common

McColl-Frontenac

%

•

common

100

Mclntyre

Porcupine

McKenzie

Red

McLellan

Gold

Lake.

1

McWatters Gold

Mills

*
_

*

common

Jun

Feb

Mid-Continent Oil

•

19Vic

9c

Jun

16c

Jan

Milton

9c

Jan

Mining Corp

3.15

7%

Jan

Jan

4c

3%c

90
51

--

6%

•

1,000

;

90c

*

Madsen Red Lake Gold

14c

10,250

•

4c

8.000

2%c;

800

90

20

51%

15 %c 15 %c

400

5 Vic Mar

1.50

Jun

Brick

3c

Jun

l%c May

9 Vic

90

Feb

50 Va

__

_

Porcupine

1

9.00

—

4c

2,000

1.05

1,900

9.00

9.00

100

40c

43C

4,500

1.00 May
8.35

1,000

9%

10

1,000

*

36

36

35

15Vic
9%
36

Jun

103

Jan

Apr

53

Feb

Jun

«

Montreal Locomotive

Corp

•

common

Preferred

_

1.55

Jan

12

Jan

37c

Jun

60c

Jan

65

Jan

1

5%C

19%

410

18%

Jun

23%

65

65

315

64%

Jun

73%

25%

19%

25

.

Mylamaque Mines

17Vic

Jun

16

Jun

40

Jan

National

Drug

Jan

National

Grocers

Apr

National

25%

185

25%

Apr

27 V*

Feb

5 Vic

5ViC

500

5V4C

Jun

12c

Jan

19 Va

126

48c

49c

2,000

45c

May

80c

Jan

National

Steel

37%C 39 %C

2,100

35c

Jun

65c

Jan

National

Trust

16

Feb

18

126

Jun

129

Apr

■

_

10

Mar

5

10%

10%

12%

12%

175

12%

Apr

14

Jan

27%

23

335

27%

Apr

28%

Jan

15%

Jan

17

Apr

27c

Jun

47c

Jan

16%

Jun

23%

Jan

25

Jan

29

Jan

28
*

50

16

16 V4

75

28c

28c

29c

3.5C0

18

16%

18

165

27%

27

27%

85

—

11%

Feb

Jan

10

Jan

*

.

common

Hosiery class A

17

126

185

preferred

Preferred

16%

"

May

7%c Mar

Feb

4c

*
__

4c
1.00

4c

\

•

1




65c

I,000

2 VaC

1,500

6c

1

page 44.

14,400

14%

3,500

1.70

•

see

a

%C,

*

15c

6c

100

Mines

Jan

3

Secord

11c

1.56

____•

;

Jan

6.50

35c

1

9c

6c

.50

___|

17c

2.10

*

14c

lie

90

common

72c

65c

7c
14

1

Gold

Moore

Paper

May

2.85 May

1,950

Jan

Jan

*—

Lead

6.40

3,000

2%c

Guaranty Trust
Guayana Mines
Gulf

102

47c

1.65

common

preferred

West

Jan

33c

Mining —

Lakes

Class

■

1

T

Mines

Lamaque

Moneta

Grandoro Mines

11c

1.67

Jan

30c

1

1

Preferred

Great

4.75

15 Va

46c

1

Mines

Goodyear Tire

Jun

33c

1

Goldcrest

Goldora

13

99 Vi May

47c

•

Goldale Mines

Golden

3.60

33 %c 23

__1

Mines

Mercury

Golden

3.20

3.60

1

Maralgo

100

Gold

Jun

' v'

Martin-McNeely

13%

Gold

1.19

'

Lake

Lake

Jan

100

1

Lake

4c

Jan

13%

Gillies Lake
God's

3%c

4c

8,625

Jan

*

Oil

Jan

Jan

^_i___100

Giant Yellowknife Gold Mines—

Globe

23c

64c

Preferred
General Steel Wares common

■

,,1.34

Malartic

Fibre

Jan

Jan

51

51

*

___.

Apr

Macfie

14%

1

...

Kirkland

Feb

16%

May

Jan

100

common

13c

14 Va

60c

Class

Federal Grain

5 Vac Mar

1.22

Lynx

•

Insurance

10c

1,000

64c

Class

*

Fanny Farmer Candy Shops
Federal

7,000
:

r

4%c

Jan

31c

Nickel

•r

Jun

1.31

Jan

42c

.

Players

May

Jan

1

Lake

Feb

Corp

Famous

Jan

,

Lexindin

52 Vic

Falconbridge

Jan

52c

l

Macassa
El

13

Kirkland

Jan

32 Vic

.

36

Jun

Jun

5,015

'

Gold

Jan

6

Gold

Jun

7

22c

2,950

1

Mines

Kelore

Leitch

1.90

Mines.

Steel

Elder Mines

May

6c

Amphi

East

1,670

6%c

Mines

Jan

Jan

Jun.;

24%

,

Gold

Duvay Gold Mines

Feb

105 Va

Jan

11%

Mines

Dulama

Jan

101%

Jun

30

Kirkland Townsite

24%

*

29

25%

Jun

99% Mar

7%

Lapaska Mines
Dominion Stores

2,023

21

Mar

20c

41%

25

Jan

27c

3%

41%

■

100

Kirkland-Hudson

10Vic

May

Jan

9%,

3%

41%

_

75

1.65 May

15c

23%

50

Jan

May
May

26

25%

23%

.-1

Dominion Magnesium

7,400

15%

26

20

43c

1.32

1.41

90

100

100

Jan

Jan

24c

Joliet

15c

1,000

4c

1

—

21%

100

8%
54c

1

common

Ken-Addison
Delnlte Mines

Jun
Jun

•

Joburke

7c

12c

•

7

30c

14c

May

17C

20%

20%
Oils

Jan

May

•

75

100

•

23

International Uranium

Kayrand Mining
Decalta

21

7%c

May

20 % Mar

100

100

International

-

3c

Jellicoe

Jan

61c

Jun

Lake

Jacknife Gold

15 Vi May

45% Mar
7c

Indian

Jan

Jan

Jun

40c

8%
152 Va

■

6c

—

100

12c

17c

7c

•

Petroleum

22

65c

Jun

8c

22

Apr

Jun

7c

8c

1

—

1,000

Jun

16c

115

3%c

5%c

76c

50c

Jan

3%c

Jan

14

48%

Jan

14'/a

64c

5,500

48%

100

19%

Jun

1,140

115
—

Apr

Feb

13% Mar

Jan

6% Mar

16c 17 Vic

29%

16%

475

10%

148% Mar

.

Feb

5,712

13%

42c

948

82c

27%

17

13%

Jun *

7%

20

15%

370

16%

-

Feb

103

76c

Mines

29%

17

13%

Oil

38c

7

15%

•

l

cx>

7

150%

•

Exploration

Pershing

9%C May

149 rH in 0 ;f!

7

IIIIOO

Consumers Gas

Imperial Mills

Jun

-

Consolidated Mining & Smelting
Press class A

Croinor

8%

1

Consolidated

Conwest

2,500

6%c

Consolidated Duquesne
Consolidated Homestead Oil--

Crestaurum

12c

2

Mines

11 %c

•

Bakeries

Cosmos

5

*

Imperial Tobacco of Canada ordinary_5

Colomac

National Petroleum
Car
_

25C
•
_

.

_—10

Volume

169

Number 4815

4

THE

COMMERCIAL

&

FINANCIAL

CHRONICLE

(2787)
TT

CANADIAN
RANGE

Friday
STOCKS—

Neilson

(Wm)
New Alger

—___*

.2.15

1

—___ioo

101%

preferred

-

New

^

Shares

Bidlamaque

STOCKS—

Low

13,600

101% 101%

20

6%C -7%C

4,367

6y«c

Jun

2,000

4c

May

4c

4c

4c

.

1.95 May
100
May

Apr

104

Feb

15c

Feb

9c

Jan

;

Low

8impson's Ltd class A.

NeW

Calumet

Goldvue

.

New Jason
?

Mines

.1

1

t-m

__

_

1,00

New-Marlon »Gold

.1

-I

New

55

16,850

v

6,000

22c

Jun

5;529.

25C
■

84c

47c

May

-

58

Jun

31c

Mar

75c

.

Feb

5%C

v4%C
13 %C

,

«c

27,750

5c.

Jun

23c

Jan

3%C

8c

=

Oils

4%C

12,500

3c

Jun

18c

Jan

lQ%c

14c

270,689

14c

Jan

6

1)000

7c -May
6c
Jun

11c.

24%

Jun

Class B

23

21%

23

k160

21%

Jun

26% Jan

Preferred

94

~

94

95

50

93

Jun

99%

18 %C"

20 C

Jun

44c

35C

8,168
3,400

18 %c

32c

24c

Feb

41c

43c

43c

1,106

42c

Jun

54c

Jan

5%.

5y4

250

5c

Jun

7c

Feb

Gold

Siscoe

.j*.

„

35c

Stadacona Mines".

_♦

Standard Chemical

43c

common

Standard Paving tcommon_—
''Preferred

Starratl

CMsen

6,750

4

500

49c

'54C

Jun

"26c

Jan

.May

Be

53c

Malartic

—1

*'

Gold——_

Apr

9c
4c

Preferred

18%,

__

_1

50

-:»%•

NoTpick

±3

Gold: Mines

5C

35,200-

.53

47c

t

48%

Jun

8c

>.- -1,180

-10 "

May

Inca

Northland

:™

Mines

Jun

2,500

'5c

14.045

20c

1.70 Jun

v.".

Jun

4c

-20,000

5c

5%c

6,500

27c

26c

29c

28,200

5%

5%

i
_i
i

22c

Jan

7%

i

Ontario

Loan

:

Apr

86

Feb

78% May

-6,925

1.30 Jun

-1

1.33

1.30

1.35

-1

18c

18c

6

16c

700

-

•Sudbury Contact

6%c

__1

2,000

1.40

1.30

1.50

-1

—

7c

-1

______

Sylvanite Gold Mines—.

1.55

1.45

1.59

.4;700
5,730

19c

1,000

"

-

River

_»

19c

Feb

1—10
• (Pearson)
preferred
-1
Tech-Hughes Gold Mines™
ThompsonrLundmark Gold Mines: •r.—*

Apr

Torbrit Silver Mines-

15c

May

9%

2.95

3.20

3.10

5c

1.70 ^an

Mar

May

:

-

Mar

20c

1.27

U%c Feb

Jun

1.90 Jan

1.27 Jan

1.72 Apr

.'

1

10%C12%C

12C

1,600

80 c

85c

7:

'

'

>

9%
39C

1.60

1.55

1.66

12;400

1.42

Jun

1.30

1.23

1.33

16,100

1.11

Feb

1.95

Jan

1

_

S.
"

4

Traders Finance class A

" ^-8%C

:100

37c

Jun

36c
•

Jun

-69c
*

9%

Jan
Jun

Feb

.

10

.Apr

3.30 Apr
22C

.

May

1.35 May

'

Jun

n;

Jan

May

47c

May

20

Mar

; •'<

Petroleums

Tower

__

9%

2.54 Jan

4,850

9%

85C

*

;

___________

18C

55

„

7,090

'

Toronto' Elevators
'

9% Mar

May

.9%.

Taylor

17

"

17

16

—

29c

3,500

'

16

17

55

Jun

-

3c

50

;

85

5

Steep Rock Iron Mines-

Jan

.

l

♦

Orange Crush

Apr

Mar

*

80

Taku

1;

7%

Jun

•

Exploration

80c

78

60

80

^

2.60 Apr

Class

B

16

rights

Transcontinental
Omnitrans

-10% May
: 22 Feb

Jun
Jun

.

80

40c

,

530

•

_

Jan

18 y2
50c

9,500

80

25

12c

Feb

10c

3.75 Jan

; • i-.

Jun

3%

20,000

,

:

3%c May

500

10 %c 10 %c

7%
■

Jan

May

13%c Jan

*

i

Gold: Mines
Oils

4%c

,

5%C

North-Star OiT common—

Okalta

2,04

—1

Northern Extension

O'Brien

1.97

__1

Gold

Jan
.

58%,Jan

i

,

,

.Norseman Mines
North

2.02

!580

..

70c

-

7

590

20

57c:

69c

80

i_

Sullivan Cons Mines
Normetal Mining

Jan

'

53

_______

30

Jan

1.-03

9%

9

''

Sturgeon River bold

Nicholson Mines

Norbenlte

ioc

1—__1

__

Noranda, Mines

9%c
4

ioc

Yellowknife

High

f

10

Steel Co of Canada, common
New Tburbois

Low

25

Jan

Rouyn Merger

Nib

Range Since January 1

High

25

2,35 Jan

6

Norzone*
Pacalta

1.00

%C*

—

New

•New

23

__

__1

.

87

Shares

25

Sladen Malartic

-New

for Week

of Prices

Par

.2.63

Sales

Week's
Range

Last

Sale Price

High

2.17

,

U

Range Since January 1

High

2.05

7%C

JUNE

for Week

of Prices
Low

,y.

,

WEEK ENDED

Friday

Range

Par

Negus Mines

FOR

MARKETS

Sales

Week's

'Last
Sale Price

LISTED

3c

'

■

500

3c

Jun

123

4%

;

6%c Jan

;

123

26

121 y2

Feb

3%

41/4

835

3%

Jun

J

-

Resources

TransviSion-Television

v

57c

61c ;

250

35c

6,600

10 y«

61c

16

ll

10%

-

2,340

,

30c

17,300

-;

jun

16%

-55c

Feb

90c

25c

Jun

'

65c

Jun

Apr
May

123% Jan
6% Mar

•

Union Gas —

10%.

8% Jan

10% Apr

■

Orenada
,

Gold

7c

Osisko

Lake

Osulake

55c

Mines

50c

10 %c

6c

Jun

20c

Feb

6%C

4,500

5c

May

9c

May

58c

29,000

45c

May

1.06

Jun

7%c 10%c

8,500

7c

Jun

2.51
-

Oil

2.30

2.60

21,600

43

Hershey Tubes
Porcupine Mines Ltd.

Pan Western

2,500

Union Mining
United Corp class
Class

41%

43

1.12

1.05

1.18

1,000
2,500

11c 15 %c

15%C

••

A

B

2.02
,

1

Gold

Mines.

Pioneer Gold

Powell

•

•

Corp
Metals

1.95
—

:

Mines

2c

1,000

lc

Feb

1.78

2.00

3,464

1.71

Jun

2.34

3.10

3.25

1,425

3.00 Mar

3.65

Jan

7c

4c

27

Feb

35%

34%

35%

13%

13

13%

4,000

9%

10
1.44

*

78c

1.38

10

,

3c

May

8c

Jan

2,600
695

31c

Jun

44c

Vulcan

*

"1—25
1

Oils

•

Amulet

—

33%

Jun

42V4

Jan

12%

Jun

16%

Jan

190

331

1.57

7,920

65c

78c

3,150

5%c

5%c

500

1

9%

12%

Jan

1.30

,

Jun

May

1.73

Apr

46 % c Mar

5!4c

78c

Jun

20

20

1,500

17c

Jun

11 %c May

Jun

49c

32,500

46c

1,500

40c

May

13%

12%

13%

2,495

11

May

1.08

1.03

1.12

5,200

70c

1.75

1.66

67c

Jun

45c

___

„1

Quesabe Mines Ltd
MacDonald

-1

Regcourt

—1

Mines

-1

Gold

1

800

4

3,000

2.00

200

5c

—

73c

Roche Long Lac

1.75

4

2.00

5c

10c

12c

•
•

12c

■

28c

__10

25 %

25

•

Royal Bank
Royalite Oil

Walker

(Hiram)

*

(G & W)—

"I—1

Westeel

6.50

6.35

1
1

Russell Industries

common__r

Saguenay Power preferred
Corp

4%c

•

15%

25 %c

30c
25

5/4'

6.50

1.04

17

Gold

Jun

1.45
3c

3.75

Weston

(George)

common

Wiltsey-Coghlan

Wingait Gold
Winnipeg Electric common
Wright-Hargreaves

1,000

5c

Jun

8c

-is'

■'

.

Yellorex

■

■

4,000

9c

3,700

25c

Mar
.

.

'

•

Water & Power com.
Winnipeg Brewing class

'410

24%

Jun

4,908

5.85

Feb

50c

Yellowknife

Bear

Yankee

Knitting

26

Apr

7.10 May

15

15%

5

Jun

14%

Jun

18%

Jan

101 % Mar

103%

10c

Jan

55

71%

Jun

86

Jan

40

37

Jun

43

Apr

3.85

4.15

12 %c 13 %c

50

4 %

2.50

3,450

Jun

Jun

9%

4.50

Jan

Feb

28,500

7c

Mar

17c

May

34c

37c

11,500

30c

Jun

49c

Jan

23

23%

950

22%

Jun

25

Apr

12%

12%

80

11% Mar

12 % May

1.07

1.01

1.07

2,100

1.01

Jun

1.60

Jan

1.65

1.47

1.69

48,066

1.25

Jun

2.59

Jan

•

common

16%
16%

(Quebec)

17

165

15% Mar

18% May

16%

16%

25

15% Feb

18

7.50

7.50

250

l

41c

40c

42c

7,300

31c

Jun

1

34c

34c

36c

6,800

32c

Jun

*

8%

8%

8%

65

*

6%

6%

7

125

l

Mines

Silver wood Dairies class A
Class B

4,590

8c

5,000

38%

35

Jan

28% Jan

23% Jun
'

240

22

22

•

7c

Jun

35%

Feb

90%

Mar

21

13 %C

Jan

40

May

25

Apr

91

85

100%

Jan

7c

8%c

10,500

7c

May

37c

Jan

5c

500

5c

May

11 %C

Jan

1,246

Feb

37%

Apr

2.00 May

2.52

90%
.

'

90%

27

31%

30%

31%

2.20

2.08

2.20

1,635

34c

32c

34c

13,550

18C

Jun

Apr

B

9
___

Jan

48d

84% May

65c

5,300

61c

Jun

4%c

2,000

4c

Jun

2%

1,160

1%

Jun

3

May

6C

2%

■

2%

70c

4%c

70c

*

class

Toronto Stock

Feb

Mar

Exchange-Curb Section
Canadian Funds

Friday
Last

STOCKS—

Sale Price

Sales

Week's
Range

for Week

of Prices
Low

Par

Shares

Co

Brown

Range Since January l
Low

High

common

High

Jun

156

Jan
Jan

71

May
May

4

103

Feb

420

19

Feb

30

Mar

148

145

148

30

145

1

Pulp preferred

100

2%

2%

2%

250

2

100

British Columbia

Canada and Dominion Sugar

Canadian

7.00 May

72

72

73%

185

*

20 %

20

20%

*

30

.

Canadian
Canadian

Vickers

common

common

Western

Lumber

Westinghouse

Consolidated Paper

V

'

Paper
.'

*
20
*

25

20%

500

19% Apr

22

Jan

65

65

30

20%

65

345

60

Jun

85

May

3%

•

*

32%

30

--

3%

1,100

Apr

3% May

4

Apr

49

Jun

53

13%

Jun

18%

May
Apr

27c

Jun

50

50

14

14

14%

1,373

30c

3,325

45c

Jan

36%

34%

36%

158

31% Jan

37%

Apr

34

34

25

32

Feb

34%

Jan

15

Jun

15

Jun

—

—

'

27c

*

Bridge

Dominion Glass preferred

Dryden

•

*

Dalhousie Oil
Dominion

*

22% Jan

50

,,

15

15

100

2.60

.15

2.60

200

V

Foothills

*

Oil

Hayes Steel
International Paper

common

23%

International Utilities

47
98

14%

12%

13%

50

237/e

98

46"%

45%

14%

*
*
*

Preferred

1,415
,

.

10

160

2.50 Mar
23%

Jun

43% Jun
98

Jun

3.65 Jan

31%

Jan

58

Jan

103%

Feb

13% Jun

15% May

May

8.25 May
65c

Fairbanks-Morse

Canadian Industries

Canadian

4%

23%

Mar

15% Feb

May

Apr

290

102

3c

26 %c May

37%

trust certificates

Miller

4%c

Feb

1

Silanco Mining
Silver

4%c

9c

31,000
2,500

71%

A—*

6.50

*

_1

Mines

Girl

Mar

50c

Sheep Creek Gold
8herritt Gordon

Sigma Mines

38c 19%c

26%

7c

38%

■

__

'

May

4%

Shawinigan

4,835

1

Mines

18 %c May

71%

37c

7.45

1

'

-

Ymir

•

Jan

37%

4.15

21

26c

5c

Apr

4%

12 %c

Jun
Jun

25%

26%

8c

__

Jan

2.50

37%

1

17
21c

7.10

22

_

100

Jan

8c

Jun

May

71%

1

100
500

1.18 May

1

1

Mines

Senator Rouyn Ltd

6.40 Jan

4.00 Jun

17

22c

Jan

Apr

1

.

Jan

Jan

Jan

99

common.

7%
1.82

17

7.45

Jan

2.94

Jun

5%

Jan

2.00

102

100

Paper 1st pfd

preferred

19 %c

1,635

1.25 juri

1.10 May

22c

__

__

38%

Products

Preferred

Roybar Chibougamau
Rupununi Mines

90

Jan

62c
•

,

Co—

3,400

10,967

.

Jan

43c

Breweries

-

Jan

15%c Mar

Apr

46c

Voting

20

Jan

12c

25 y» May

45c

Sick's

1.35

4.50

80

Jun

49c

Shea's

1.25

4.10

20,000

5c

2,000

1

Antonio

18% Jun

4.451

8c

3%c May

i

Sannorm

Jan

5%

Virginia Dare preferred

Quebec Manitou

San

17

1.37

Ventures Ltd

May

Queenston Gold

Lawrence

100

1.20

Jan

Jun

3c

31c

1

Quebec Labrador

2nd

Feb

18%,

:f5%

Apr

9c

3,000

31c

l

Airways

St Lawrence

52

18%

■

York

St

Jun

1.35

24 %c

11,000

3c

4c

1

„Preston East Dome

Oils

47

1.35

10%

1

River

Roxana

65

*

j

Preferred

Reno

48

I™ 1

Hill:

Upper Canada Mines

25%

l

Renabie

Jan

Keno

Apr

9

1

Porcupine Peninsular
Porcupine Reef Gold

Reeves

24%

Steel

1.40

25%

Pickle

3uemont Mining

Jan

Jun

United

May

Wekusko Consol

Mica

30%

19

United

-

Jan

f

90

Jan

3.05

Jan

96c

5yec

1

Prospectors

48

14c
"

Feb

18%

5c

5%c

Piccadilly Porcupine

.Purdy

19%

*

27%

45 y2 May

Feb

36%

3c

3c

_____

Pen-Rey Gold Mines
Photo Engravers

Pressed

19%

8%C May

500

9%C
28%

Jan

Waite

tower

9%C
28%

.

'

United Fuel class A preferred™..1—50
Class B preferred —
25

18c

2c

Mines

Partanen Malartic

Crow

1

28%
19%

_

—

"

Pamour

Paramaque

6%C

Mines....

Pacific Petroleum

Page

7c

6%C

Orlac Red Lake

€%c

'

Apr

48 %c Mar

Ogilvie
Oil

Flour

common

Selections

Pend

Oreille

8 %

Apr

9%

Jan

Southmount Investment

5%

Apr

7%

Feb

Temiskaming

Mining

1,650

12% Jun

22%

Jan

*

21

21

25

20% Mar

26%

Jan

*
1

Minnesota & Ontario Paper

3%c

3%c

3,500

3%c Jun

5c

4.25

.3.75

4.25

2,210

*

42c

42c

42c

140

3.25 May
40c Mar

6c

6c

2,000

♦

1

13%

6c

*Jun

Jan

6.70 Jan

45c

May

8c

Apr

■■■■{

For footnotes see page




44.

44

COMMERCIAL

THE

(2788)

&

FINANCIAL

OVER-THE-COUNTER
Quotation

for

Friday,

CHRONICLE

SECURITIES

June

24

Investing Companies
Mutual Funds—
Aeronautical Securities

Fund

Affiliated
Amerex

4.41

4.84

1%

Inc..

3.42

3.74

Shares

1

Fund

B

Inv Tr

3.07

2.90

6.76
14.01

Paper

2%

2

Steel

91.56

Manhattan

18.41

19.90

Mass

7.32

7.33

23.32

15.04

Mass

15.01

16.44

Mutual Invest Fund Inc

Century Shares Trust

1

30.02
12.45

13.47

1

Fund

—

Delaware

Balanced

144

1

4.12

1

4.86

1.62
20
4.60

22

1
Franklin Custodian Funds Inc—

Fundamental Investors Inc

2

Fundamental Trust shares A—2

Capital Corp_i.
General Investors Trust

1

1

York

5.54

Agriculture

1

8.30

Automobile

1

5.11

13.41

Dated

1.25%

1.30%

1.50%

'

.0381

100.0303

.0437

100.0274

.0501

—

100.0173

.0357

—

wi_

100.0197

.0395

1.30%

1,55 '/o*

«.

1-49

9-

1-49

bl.45

1.30%

1.50%—

3-49

10-

3-49

bl.50

1.35%

2-

1-49

11-

1-49

bl.50

1.35%

1.55%

4-

1-49

11-

1-49

bl.50

1.35%

l.55:%

Chemical

1

9.34

10.24

Corporate bond series
Diversified Industry

1
1

10.55

11.19

1.50%

3.49

bl.45

12-

1-49

bl.50

1.35 %

2-49

12- 1-49

bl.50

1.35%

1-49

4-

1-

-

3-50

1-49

2-

1-50

1.35%

bl.50

1- 3-50

2-49

bl.50

1.35%

b 1.55

75-

•

1.40%

3.82

9.62

9- 1-49

Ask

Bid/

1-49

5-

1.55%

1-48

Due

.

3-

1-

10.54

5.46

O

'

6-

1-49

♦)"

/

■

7-

1-49

4-

1-50

•

bl.55

1.45%

-

3-50

-

bl.55

1.45%

7.27
11.36

7.73

4.33

Machinery
Merchandising

6.45

.

8.47

3.94

'»'•

7.08

Metals

7.39

6.74
5.91
8.67 4

'

-

5

—1

Stock and Bond Group
lc
Investment Co of America,—1

Public

1

6.10

Utility

Railroad

Tobacco

y———————I

10.00

Trading

Petroleum

3.45

Putnam

3.87

Republic

4.30

5.51
4.37

&

1.57

'•

bl.17

bl.17

l.lO'/hJf

1.02%

Aug. 25, 1949
Sept. 1, 1949-

bl.17

1.10%

bl.17

1.04%

bl.17

1.06%

Sept.

15,-1949.

bl.17

bl.17

1.10%/

1.08%

Seot.

22,

bl.17

bl.17

1.10%

11,

1949,,,

Sept.

8,

1949

bl.17

1949,

1.10%v

1.06%

78c
•

•

1.06

10.78

11.82

22.10

13.80

14.84

1.97

2.16

(Geo)

Fund

Investors

2%

Shareholders Trust of Boston—1

Sovereign Investors
Invest

Street

.,1
Inc

Co

Investment

10c

Corp,*

24.87

26.74

46.18

46.18

9.24

9.99

-

18'/a
5.16

19%

Television Fund Inc
Trusteed
Union

.—1
25c

Industry Shares

87c

46.25

49.25

8.40
59c

Series B

.—I

16.73

Series C

—1

9.16

17.81

& Fifth Avenue

17.20

6.20

United

Shares. —1

8.36

9.02

Investing Corp,. —I

8.95

9.13

26.73
21.65

23.62

Wall Street

16.59

Wellington Fund
Whitehall

Fund

Fund

(Speculative Bonds)
1
pfd Stocks)
1
K-2 (Appreciation pfd Stks)_l
8-1 (Quality common 8tks)_l '

17.67

26.69

(Income

Stocks)—1

12,50

13.64

Diversified

8-3

(Appreciation com Stks)_l

9.48

10.35

3.86

4.22

85

88

10

38%

40%

Bank

Trust

&

Stamped
Corn Exchange Bank &Trust_20

—1

16.23

17.72

County

15.01

16.14

3.20

3.47

(White Plains,
Empire Trust

.

Trust

Type TrustsTrustee

SI,

Shares—

—2.50

Independence Trust Shares

1

6.23

7.20

2.04

2.32

4.11

4.51

Fund—*

89.57

91.40

Series 1955

1

3.29

Loomls Sayles Second Fund—10

43.55

44.44

Series 1956

1

2.28

North

Amer Trust Shares—

„

51%

533/I

--

Co

/

H

»

10%

—

32%

90

TrU"

rl?

—

Al

&

P)

%

27

14%

30
,

47

%

222

228

44

Companies

37

20

"31

33

&

nK *

••

Tru^"0"3'
rrust~

20

290 "

'

First National- Bank
United States Natl Bank

61%

53

33%

20

64 %

49

12%

40%

Francisco

San

39

63%

66%

25

Guarantee &

Trust

12

83V2

Bank

cf Amer N

T & S

A

12%

6%

6

100

United States Trust
Bid

290

39%

Title

Par

32%

>

Sterling National

Ask

*

p0rtiatlll

*

York Trust
25
Public Nat'l Bank & Trust_17V2

Bid

30%

270

-

37%
80%

12%

New

Insurance

.

49

100

National City Bank

32%

10

Detroit

26 Vi

301k

1,340

42

20

Inc

Co

of

24%

100

P Ban"

15%-

25

Morgan

Bank

20
.16

Mellon Natl Bank & Trust
270

Co

Trust

;

520

Farmers Deposit Natl Bank„100

,

261

100 1,300

Manufacturers

500

Pittsburgh

l3J;

.Vf''4

,

Industrial Bank of Commerce-10
Irving Trust
lo

Kings County Trust
Lawyers Trust

.'.u

310

34%

87

au.r.?Sf Trust ..izzzdoo'

(J

National

-

16
50

N Y)

177

:

.

Central National Bank
National City Bank
'
.Detroit

44

,9%

.

I

v,eve,and

'

'

42

BanF&~Trus£-

Continental

170
290

100

Northernftrust
r.

75%

73

CoVlngS—100
Northern Trust Co
100

■

185

.

' National Bank & Trust-33%

35%

Chemical

.

.

First National Bank

33%

.

VfcAskS;

100" '*75 "

Continental Illinois

H?

15

Bid

Chicago

City Natl Bank & Trust

" sail

20

&

Unit

17>I
iJ2

Bank

—1

Series E

iS

V'\

3 28

Ba~nk&Trust

National

19.28

24.46

8-2

'

Par

,

v

23 Ve

3 13

iS

Brooklyn Trust

.—1

Inc

Wisconsin Investment Co

100

Trust

Ask

T.

1

21%

Commercial National Bank &
Trust Co
20

1

Income

Bid

\

NpWMv^rhkattan Co"10

Chase

67C

5.39

series

Preferred Stock Fund.

1

9.37

Yorkr
of

Central Hanover

20.16

1

15.78

New
Bank

79c-

A— __1

Union

Bond Fund

27.94

8.58

Par
;

5.65

Union Common Stock Fund,. —1

15.20

Banks & Trust Companies

Bankers

24.02

14.46

.

.

—1

7.28

Par

—

Aug.

10.96

7.90

7.21
70c

12.39

1

1.10%

15

5

Selected Amer Shares

i*.90,

6.64

9-4 (Low Priced com S'tks)—1

bl.17

Bid

July 21, 1949

7.36

Fun<}_—— 1
Russell Berg Fund Inc
1
Scudder, Stevens & Clark
Fund Inc (new asset value) _•

4.61

12.10

Bonds),.— 1

Aug. 18, 3 940

1.00%

7.39
2.41

1

K-l (Income

;

0.90%

28, 1949_„
Aug. 4. 1949_

6.09

equipment,

Ask ■

bl.17

July,

4.62

5.56
6.72

1

Railroad
Steel

5.13

4.22

.,..,1
———1

5.24

Treasury Bills

Ask

bl.17

30, 1949
July 7, 1949,
July 14, 1949

6.68

*

B-4

Bid

June

10.75

1

Boston

Investors Management Fund

15.32

9.81

7.23

18.41

96c

13.98

1

State

Group shares——,1c
lc
Insurance Group shares
lc

7.85

Pacific Coast Invest Fund

Ltd—

Aviation

10.07

7.16

United Stales

9.58

9.19

Oils

Standard

Bank Group shares

8.74

1
1

7.59

4.04
1-5'-

Investors!',

—_1

9.10

4.67

-

9.89

6.48

6.59
4.77
6.92"

1:
10c <

&

100.0262

—

1950

Dated

1.55%

bl.45

6-

10.37

5.02

Aetna Casualty

.t

bl.45

1-49

12-

1

3.91
4.19

Fund

Rate

.•

1-49

,8-

1.60%

stock

lc

Loomis Sayles Mutual

Ask..

7-

1-48

1.60%

Insurance

lc

Knickerbocker

Bid

1-49

11-

1.45%

5.99

lc

com

Due

10-

7.56

9.02

Tobacco shares

Priced

Apr.

1.65 %

6.65

6.63

Steel shares.

B-3 (Low

—

1950

10.47

—.-1

Utility shares

Bds)

1,

6.90

stock—1

<

Grade

.0321

—

1950

tl%s July

9.55

preferred

3.13
3.52

(Investment Bonds)

1,

.0665

6.07

equipment

t

B-2 (Medium

tl%s June

100.0477

1

Electrical

2.18

B-l

1950

100.0218

—

1, 1950
1,

.0260

1.55%

4.66

6.74

of

.

tl%s Mar.

tl%s

Ask

1

Bank stock

Building supply

Diversified

lc
RR Equipment shares,——lc
Railroad stock shares
lc

Trust

Bid

—1

Aviation

6.42
46.32

Indebtedness—

1,

.1.65%

5.60

Diversified Investment Fund_l

,—lc
—lc

Keystone Custodian Funds—

1.

Ask

(cont)-

1950

100.0181

6.45

.—lc

Shares

indebt

1,

Federal Intermediate Credit Bank Debentures

9.10

4.77

5.41

lc

Fund

Bid

of

tl%s Jan.

.1314

—

Rate

Stocks Inc—

5.40

Railroad Bond shares

Income Foundation

100.1314

100.0000

3.16

6.70

lc

Haw* Plan Fund Ino——

Maturity—
Certificates

1%%

1949

14.26

6.11

Investing Company shares—lc v
shares,,,
—lev

Investment

2.89
13.30

1

4.92
4.93

—lc

shares,-,

Price

Ask

2.83

lc

Merchandising shares
Mining shares———,

Bid

tl%s Oct. 1, 1949
tl%s Dec. 15, 1949

4.07

2.59

lc
lc

Low Priced

Institutional

3.72

5.88

Institutional bond shares—_lc>

Incorporated

5.84

1

Fund

HVsS July

6.38

1

Series

lc

Industrial Machinery 6hares lc

}

1

1

Stock

England

.

Fully Administered shares—lc

Petroleum

Series

Series

New

«

Electrical Equipment shares lc

-

1.78

Certificates of

5.12

5.05
4.36
12.24
5.57
43.08
4.35 v

series———

Common stock sciies

General

3.52

Series—

Priced Bond

New

10

General bond shares,

Int. Rate

3.28

Inc_l

shares

102.12

5.31

3.00

Corp

shares—

99.28

102 4

4.5C

Industrial Stock Series

Financial Industrial Fund

-

5.54

Selected Group Series
I
Low Priced Com Stock Series 1

23.31

shares

99.8

99 20

1955-1953

tl%s Feb.

Stock Series

16.33

3.34
21.56

Chemical

7.05

Speculative Series

15.27

Building shares

1,

Treasury Notes—
lApril 1, 1950

6.05

25.04

1

Food

6.45

23.42

—20c
5

Aviation

1

Security

series

Bond
Low

Income

Group Securities—
Agricultural shares
Automobile shares

2%s Feb.

Dollar

8.29

1

stock

100.6

119%

1961

100.3,
'

U. S. Certificates of Indebtedness

13.29

7.67

131

First Mutual Trust Fund

,

12.37

1

Corp

25c

—

Preferred

1

Investors

National

5.53

Equity Fund Inc
Fidelity Fund Inc
Boston

100.4

118

-

..

;

14.09

Fund

National

Preferred

First

1950

1, 1952-1950
1, 1953-1951

99

20.

l%s May
1 %s Jan.

11.12

12.89

1.43

Fund

Stock Fund

100.4

Maturity-

& Howard—

Balanced

10.29

1

13.20

1
1

Fund

Dividend Shares
Baton

Inc_l

5.09
12.08

Investment

Commonwealth

Fund

2nd

Nation-Wide Securities—

3 ,160

com—100 3,010
100,
139

Securities

Preferred

100.2

Panama Canal 3s

32.28

Christiana

1949

Ask

100

15,

25.21

13.91

Chemical

1, 1950-1949

7.36

interest—1

1

Investors

Bid

l%s Oct.

3.59

6.72

5

Corp

Invest

Street

point

a

100.2

3.33

3.25

Fund

Bullock Fund Ltd

Broad

of

Bonds—

100

Trust—

beneficial

of

32nds

more

4.12

lc

Bond

Investors

Ctfs

3.02
3.74

Inc__10c

shares

87.90

10c

Bowling Green Fund Inc

shares

or

2;99

2.71

lc
lc

shares

one

Federal Land Bank

Ask

1949

Other Issues

3.43

Petroleum

5 Ve

Bid

22,

3.20

3.11

Industries

Banks—

1%S Jan.

3.60

3.26

shares—lc

Home Furnishings shares—lc
Non-Ferrous Metals
lc

July

Loan

l%s Sept.

3.39

shares

Home

1.65s

3.06

•

Inc

Federal
2.77

1

America

of

Boston Fund

3.73

6.25
12.89
4%

Figures after decimal point represent

Ask

Business Equipment shares.lc
Electrical Equipment shares.lc

8V2

1
5
1
1

Inc

Fund

Axe-Houghton

Bid

lc

General

Beneficial Corp
Blair Holdings Corp
Bond

3.45

7%

A—

Axe-Houghton

Automobile

Oilstocks

Standard

series

Par

Managed Funds—

28%

26%

2

Shares

Business

Associated

10

Obligations Of Government Agencies

Mutual Funds—

1

Holding Corp—

American

Ask

Bid

Par

Monday, June 27, 1949

570

600

Ask

10

75

79

5

Aetna Insurance

10

28%

50%

30%

52 V2

Insur Co of North America

10

Aetna

10

99'/4

51%

103%

53%

Jersey Insurance

20

45

58 Va

61%

Surety

Life

Agricultural

—25

American Alliance

10

American Automobile

4

American Casualty >
American Equitable Assur

22%

24%

44

Home

of

N

Y

Maryland Casualty common
$2.10 Prior preferred

46 %

$1.05

49

5

11 %

13%

5

18%

20%

American Fidelity & Casualty_5

11%

2%

16%

17%

National

American Re-Insurance

lo

26 %

28 %

25

53%

56%

38%

41%

22%

National Union Fire

10

49 %

21 %

National Fire

American Surety

46 %

Automobile

!

Massachusetts Bonding
Merchant Fire Assurance

5

25 %

271/4

5

25

4

&

Shippers

25

60%

63

New

Camden

Fire

Conecticut

General

Casualty

New

York

10

24

26

50%

19%

21

31%

210

31%

84 %■

88%

43%

331/4

5

Northern

50

30%

32%

29

31

Peerless

13%

15%

23%

5

7

8

12.50

Pacific Fire

89

-"'v

—

Ariz

Duke

Power

27/aS

1979

Pow

&

Lt

Casualty

Federal

10

56

60

Preferred Accident

62

Providence-Washington

^

10

59

10

56%

59%

Reinsurance Corp

77%

80%

Republic

56

2%s___..1979

101%
1003/4

101

Pow

&

(N

Y)

(Texas)

50%

Pow

&

100

104

105%

*

54

54%

1949>—_100 y.\02

102%

$2.20

pfd

Y

State

Elcc

pfd

&

Gas—

Pacific

Gas

(series

5%

100

108%

pfd

25

27 %

& Lt 4.60%

pfd-100

&

pfd

3I/aS_,1978

103%

red

1st

Pow

3s

1978

104%

Potomac

Edison

Pub

Elec

England Power 3s_

New

England Tel & Tel 33—1974

1978

.

27%

•

104%
Penna

Narragansett

110

Elec—
1

Lt

Ask

50

Okla Gas & El 5 % %

Louisiana

Bid

pld_50

preferred—

Lt

4%•/'

101%

Kentucky & W Va Pow 3s_1979

(Colorado)

104%

Pub Serv of Okla

101%

102

104%

105%

Rochester Gas & Elec—

103%

104

103%
103%,

15

80%

83%

5

Phoenix

13%

10

61

.10

53

5

58

Pwr $2.50

Ser

4.70%

pfd—100

4.40%—100

4.65%

103%

104%
•107%

107

100%

102%

100

103%

104

—-20

19%

pfdJOO

107

10

Co

&

102%

102

N

Kansas

Par

Lt

Hudson Gas & Elec—

4.75%

•'

93

25

Indemnity Co

To

37e

4%

lo

31%

33%

$4.75 preferred series G
North States Pow

(Wise)

3s 1979

San

Ohio

Power

3s

1978

103%

104

101

5%

30

Public

80

84

Westchester

15%

25%

Seaboard

5

Surety

10

46%

49%

32

10

42

102%

102%

33

Standard

31%

4%%

84

87

33%

preferred

Taper

$4

20%
103

pfd

33%

31%

Elec—

&

44

31

3s__1979

34

10%

Security (New Haven)
Springfield Fire & Marine

10

9%

Indiana

49%

47%

5

of

16%

23%

Serv

Gas

101%

6

28%

lo

Diego

Scott

2

10

-5

Sccvill

St Paul Fire & Marine

15

2nd

preferred

15

Great

American

5

Accident

12%

__10

.100

6.40

__io

Hartford Fire

10

Hartford Steamboiler

10

30%
120

33%

32%
124

35%

—1979

Mfg

4.20 %

pfd,

100

k

Staten Island Edison—

preferred

——100

Eastern Transmission—•

103 %

103

12 7

8

13%

Odd lot

sale (not included in year's range),
b Big yield price,
d Deferred delivery sales (not
year's range), e Ex-interest,
f Flat price,
k Admitted to listing on N. Y. Stock Ex¬
Admitted to trading N. Y. Curb,
r Cash
sales (not included in year's range),
t Ex-

included

in

change.

n

63%

liquidating dividend.

6.65

Fidelity & Guaranty Co—2

49%

U

S

Fire

4

60%

U

S

Guarantee

10

71%

75%

19

20%

2

3s

Texas

51%

S

Westchester Fire

Lighting

4.90%

a

Travelers
U




k__

New

Employers

Hanover Fire

Commonwealth Edison 3s

25

52%

,

Pacific

com

1999

Cen

"103%.

331/4

41

2.50

Northeastern

10

*

Globe & Republic,
Globe & Rutgers Fire

Stocks—

Ask

103

52%

*

5

Fire

10

General Reinsurance Corp
Glens
Falls

1974

Central

7%

lo

River

5

__

Telephone of Pa 3s

New

lo

Life^

(Detroit)

Amsterdam Casualty
Hampshire Fire

North

Continental Casualty
Crum & Forster Inc

6%

Bell

90

10

Boston

86

Security Issues

Bid

Conn

New

Bankers

Bonds—

27

Merchants & Mfrs
Newark

Recenl

13"%

10

13%

American of

i27/8

preferred__5

Convertible

1

issued,
•No

x

(Un), Admitted

Ex-dividend.

par

value,

y-Ex-rights.

tin

default.

to
z

Unlisted Trading
Ex-stock dividend.

tThese

bonds

are

privileges,

wd When

delivered,

subject to all Federal taxes.

wi When

Volume

169

Number

4815

THE

COMMERCIAL

&

FINANCIAL

CHRONICLE

(2789)

THE COURSE OF BANK CLEARINGS
Bank

Preliminary figures compiled by

increase

an

based

us,

Week Ended June 18

1949

compared

with

a

year

Third Federal Reserve

ago.

Bethlehem

Lancaster

total stands at

Scranton

there

is

a

week in 1948.

same

gain for the week ended Friday of 4.0%.

summary for the week follows:

'

,

...

;

Week Ended June 25

'

1949

New York

$7,459,270,427

Kansas City

Total all cities, five days

Total all cities for week

our

issue of next week.

We

In

we

cannot furnish

Saturday and the Saturday figures

Accordingly; in the above the
-

for the week covered

able

ending

to

June

18.

For

that

127,402 in the

week

week in

same

Total

there

was

a

decrease

1948.

of

+

2.5

West

(7

—15.1
+ 12.3

6,956,580

5,300,132

337,490,240

8.3

275,929,313

296,439,875

976,951,679

9.0

827,271,239

771,246,475

2,607,684
13,497,000

3,156,850
12,567,000

—17.4

117,946,492

131,492,208
3,536,036

—10.3

2,099,279
10,777,000
117,047,340

105,505,989
196,079,292

Virginia—Huntington

+

4.2

+

Carolina—Charleston—
Maryland—Baltimore.

6.2

+.

District of

4.3

Total

appear

the

as

3,823,465

7.2%,

the

was

a

if

of

District the totals

bank

(6 Cities)

aggregate

loss of

suffer

455,054,763

464,738,650

2.1

416,377,281

375,137,930

District—Atlanta19,072,177
77;543,098

19,707,406
74,126,969

233,500,000
5,017,459

241,500,000
4,633,509

1948

1st

Boston

12 cities

2nd New York

Inc.

Jr(l Philadelphia

District by

-

or

•

,

6th

Richmond

871,807,914

Chicago

889,471,314

0th

669,065,663

1,010,544,908

1,113,905,356

517,052,040

557,154,695

408,897,085

"

i

ti

7

Minneapolis

10th Kansas -City

+

8.3

3,676,196

+

3.2

2,834,705

2,546,418

+

1.4

79,880,943

104,455,962

+

2.3

81,591,590
93,735,340
6,407,206

6,769,511

7,052,887

127,754,286

667,825,825

Orleans—

Total (10 Cities)

Seventh

Federal

Reserve

Francisco
i.

H

10

V

438,458,752

570,677,966

*312,065,309

•

•<

v

342,120,620

791,437,608

-

v

810,165,038

,114,7-41,050,146

15,888,127,402

7,287,008,230

111 cities

—

7,709,439,473

Outside New York City,—

Clearings it—

-1

^

*

'1

«

..'

.

■

'

South Bend—

■Vf 1,618,137

—19.8

—17.2

4,194,058

4,063,019

2.8

47,895,000

39,719,000

8.2

6,434,771
t

7,296,803

City

;

.....

,

3,597,932
28,123,565

4,390,100

28,663,453

14,797,210
1,415,557

18,886,895
1,620,147
872,891,730

777,063,114

—

,

».
*

+
—

■

•60,678,886

.....

—

$

68,329,964

Illinois—Bloomington
Chicago

4,413,034

6,821,065

t3,300,590

Iowa—Cedar Rapids.—.
Des Moines
Sioux

7,719,298

6,923,029

60,824,000

Wisconsin—Milwaukee-.

3,172,358
11,591,764

3,164,024

12,755,107

6,052,013

6,093,972

4,520,425

4,605,238

1,010,544,908

4,087,383
.

•

t

.

~2~5

52,203,520

48,574,694

—1810

2,810,664

+

1.9

3,863,980
26,618,769

—21.7

33,364,495

—12.6

—11.0

1,157,055
716,372,167

0.3

3,233,415

—

+
—

9.1

17,888,798
8,652,887
745,227

610,637,474
1,902,976

9,994,512

8,026,615

1.8

5,555,044
3,741,448

2.655.175

9.3

1,113,905,356

;

1,103,006

9,053,816

—14.4

6,701,511
,

1,434,658

8.4

6,266,956

11,328,838

912,039,737

,767,508,422

„

0.7

—

—

4.509.174

Cities)

*

517,052,234

—10.0

900,490,006

918,976,489

—

-T-

9.0

827,271,239

2.1

416,377,281

—

—

0.2

—

9.3

912,039,737

Missouri—St.

Louis—.
Kentucky—Louisville

375,137,930

322,400,000;
147,098,493

8.4

274,300,000

245,300,000

131,908,074

—10.3

85,820,043

+

2.6

113,335,696
75,472,801

102,105,999

88,041,877

1,902,089

1,836,159

+

3.6

1,957,491

1,393,696

517,052,040

Total (4 cities)

561,865,318
>

295,200,000
...

557,154,695

—

7.2

465,065,988

416,852,347

Tennessee—Memphis
Illinois—Quincy

771,246,475

:

630,344,935
.

7.2

—

6.7

—16.5
—

—

—

—

8.8

—

68,052,652

767,508,422

465,065,988

416,852,347

362,544,830

302,784,307

7

460,224,178

393,605,768

C

280,825,735

234,981,279

710,401,924

698,081,861

I

2.3

7.2

13,731,766,107

14,565,649,079

6.2

I 6,759,412,026

.

Ninth Federal Reserve

District—Minneapolis-

Minnesota—Duluth
,

8,956,924

Minneapolis

6,324,623

5,594,277

252,517,496

210,366,505

82,659,883

71,144,777
4,333,748
2,780,574

8,086,298

100,322,198

North Dakota—Fargo——
South Dakota—Aberdeen

10.8

—14.0
319,255,547
85,913,926* + 16.8

274,591,651

St. Paul

7,002,907

8,242,203

4,110,086

4,067,093

3,964,677
9,948,642

3,847,730
9,045,955

408,897,085

438,453,752

.

Montana—Billings

+

—15.0

6,126,900

+

1.1

3,309,677

+

3.0

2,503,980

1,849,618

+

10.0

9,102,271

6,714,808

6.7

362,544,830

302,784,307

6,182,708,717

—

'

——

t
-s

Helena

—

L

5,188,739

476,1^0,158
-

2,161,318

932,215

857,485

! 2,082.422

2,111,040

r

*

—

"

*

Springfield—_
Worcester

1,503,394

—21.3

3,869,264

4,906,892

—25.8

461,621,096

442,058,247

—

7.4

+

8.7

709.360

741,360

—

1.4

1,783,921

—

„•

6,861,628

8,5^3,953

—

1.7

6,1^5,190

—

7.1

4,597,736

New Hampshire—Manchester—

—

4.4

22,910,208

23,696,874

11,688,609

—

3.8

8,735,295

8,251,229

33,120,900

—

5.9

28,372,700

20,019,000

1,442,076

1,874,275

—23.1

1,241,013

1,030,737

11,245,860

,

;

6,810,623

Federal

448,026,307
.

Reserve

Omaha—,

Missouri—Kansas

350,960

6,064,853

4,432,976

—12.6

116,264,147
5,071,213

St. Joseph

Colorado—Colorado

—20.7

10,602,807

—18.G

308,028,491

269,312,217

11,170, 616

—13.9

10,317,914

6,217,540

31.3

1,545,096

0.7

1,470,811

1,407,864
1,385,676

—16.5

460,224,178

393,605,768

7,697 ,287

3.6

—

•

—

Pueblo

17,368 382

92,264,526
6,950,476
11,001,568

384,632 ,331

7,416,542
13,773,612

313,271,288
9,612,610

City

'

2,605,892

Springs—,—

1,984

413

2,110,261

2,125 499

476,519,042

—

281,965

497,410

5.0

'

Total

(10 cities)—,—.

570,677,966

+
—

577,122,847

—22.4

544,255,414

517,052,234

17,413,985 + 1028.1

13,346,719

23,693,407

''

Eleventh Federal Reserve District—Dallas—

Texas—Austin

-4
Total <12 cities)
t'--J
■' i
,4

137,251 876

361,436

—16.8
—

4,501,132

27,2(^6,782

,

Rhode Island—Providence—

119,927,795

—25.6

1,558,853

31,167,900

;

7,089 867

1,973,393

1,617,124

5,690,376
•

New Haven—

1,936,069

.

26,003,189

;

Connecticut—Hartford

660 688

6,732,167

—

Wichita

8,397,547

L-

%

697, 007

518,875
♦550,000

Lincoln

Kansas—Topeka
—20.3

2,001,924

•

$

1946

.

2,104,398

353,303,915

—_

1947

Dec. %
.

v

Nebraska—Fremont

Hastings
or

4.081,339

.

1

—

New Bedford-!

Inc.

1,677,544

Massachusetts—Boston—

New

561,865,318

5,647,366

—

Terre Haute

8,607,556,649

•

j

:

'

1948

'

Portland—,.

Second

630,344,935

Tenth Federal Reserve District—Kansas City—

1940

•

First Federal Reserve District—Boston—,

Maine—Bangor

Lowell,

0.2

313,359

add our, detailed statement showing the figures for each city for the

-!•

Fall River-

114,759,198

Eighth Federal Reserve District—St. Lenle—

544,255,414
7,221,924,840

Week Ended June 18

i

394,047
127,867,002

+

$

week ended June 18 for four years:

1

5,280,661

0.2

62,497,000

Indianapolis

Total (7 cities)

We now,;

—14.5

•

476,519,042

8

4.0

—

82,897,391

669,065,663

1,298,296
10,372,128
5,364,705

Lansing

V.; .**,

6.0

f*

.

424,927

4,015,031

District—Chicago—

Grand Rapids

6.7%.

—22.4
—

• »

—10

Dallas

Total:

464,738,650

667,825,825

4

12th San

976,951,679

••455,054,763

16

—

8th St. Louis

11th

'V 968,582,943

10

_—^—,

55,244,307
204,300,000
13,126,152

1946

$

• •

6th Atlanta

7th

577,122,847
8,399,183,193

6

13,516,884

65,484,205

230,600,000

85:733,521

363,300
127,952,252

Mississippi—Vlcksburg

Peoria-.

it

7

—

17,415,809

4,6

+

86,971,983
106,843,681

Rockford

1947

Dec. %

448,026,307

<«

TJil'

Cleveland

1'1'V *

7,892,357,031

M

12

;

-

4th

:

3.2

3.3

—

—

clearings

1949

'*

3,181,883

3,792,364

Louisiana—New

decline of.

a

'

s

8,339,000

59,790,391

Mobile

6.2%, the

8.0

+

2,241,375

73,148,926

Alabama—Birmingham

of

7.4

+

1.3

Florida—Jacksonville

the week

—

3,426,874

0.2

,

Georgia—Atlanta
Augusta

Total (16

Week Ended June 18

Federal Reserve Districts

4,181,626

+

Springfield
summary

—

+

Nashville

by Federal Reserve Districts:

a summary

2.0

—

We group the cities

and in the Minneapolis Reserve

furnish

161,597,935
276,961,124
21,797,300

84,495,331

,

we

5,723,235

188,585,501
317,395,259
27,286,900

229,491,225

Tennessee—Knoxville

City Reserve District the decrease is 16.5%, in the Dallas Reserve

In the following

6,935,960

8.4

—11.3

3,493,436
209,811,300

Decatur
„

8.9

+
—

232,541,081
84,639,041

Columbia—Washington

Sixth Federal Reserve

week

J

Indiana—Port Wayne

Kansas

918,976,489

309,574,154

South

9.0%, in the Richmond Reserve District of 2.1% and in the Atlanta Reserve
District
of'0.2%. In the Chicago Reserve District the totals are
smaller by 9.3%, in the St.
In the

900,490,006

—10.0

7,888,636

Richmond

present further below

District 8.8% and in the San Francisco Reserve District
2.3%.

2,555,078
10,980,827
9,813,342

889,471,314

District of 10.0%;

Lquis Reserve District by 7.2%

11,477,321
9,810,995

4.8

5,563,079

Michigan—Ann Arbor

Cleveland Reserve

3,827,303

0.3

—

8,859^064

cities)

according to the Federal Reserve Districts in which they are located and from this
it .appears that in the New York District
(including this city) the totals show a
loss of 6.0%, in the Boston Reserve District of
22.4% and in the Philadelphia Reserve
In the

7.8

—

—

4 '723 452

Virginia—Norfolk

+ 11.3

has to be estimated.

bank clearings at this center
having recorded a decrease of 8.2%.

2,701,799

Fifth Federal Reserve
District—Richmond-

to $14,741,059,146 against $15,888,-

Outside of this city there

6.0

3.3
6.7

give final and complete results of the week previous

clearings for the whole country having amounted

+ 36.5

37,341,800
a

1".

Pennsylvania—Pittsburgh

8.4

+

inasmuch

we

2,596,559
4,621,932
2,482,943

—

—

7,141,423
206,780,240
373,988,261
38,099,800

189,496,000

Macon

statement, however, which

880,000,000

3,425,488
5,891,011

968,582,943

Mansfield

available at time of going to press.
cases

857,000,000

5.0

9,254,651

331,700,970

Youngstown

3.9

by the foregoing will

last day of the week in all

the elaborate detailed

are

—

756,063,149

them today,

are not

2,860,982

12,960,922

—

Coiumbus—

+ 15.1

$15,299,815,172 $14,671,612,328

Complete and exact details
ends

—

2,579,751,550

803,102,656

3,066,177

871,807,914

_

$14,496,712,516 $13,915,549,179

day!

one

219,522,367

2,871,961,735

+ 23.6

—10.6

3,071,637
4,806,111

775 374

Cincinnati,

11.1
—

$11,624,750,781 $11,333,797,029

Other cities, five days

cities,

356,383,799

234,257,052

cities, five days

318,753,544

344,773,674

Cleveland

2,797,871

8,807,934

Cleveland

275,900,000

350,472,000

6.0

—

303,216,635

366,896,096

Baltimore

All

7.2

320,866 000

Pittsburgh

1,077,781
936,509

,

925,000,000

12,915,236

(11 cities)

1,050,536

822,194

3,170,597

;

1,288,799
1,178,919

4,313,849

~

Jersey—Trenton

+ 33.0
+ 13.8

—17.2

5,888,890

Ohio—Canton

1.7

+

269,448,948

Francisco

Ten

+

495,767,393

265,200 000

St; Louis
San

967,000,000

532,393,973

Boston.

538,511,464

983,000,000

:

$

Fourth Federal
Reserve District—Cleveland-

4.0

+

553,236,595

Philadelphia

194«

9

%

1948

$7,754,672,843

902,934

2,886,471
4,431,754

Delaware—WllmingtorT.

New

1947

959,451

3,012,956

~

Total

1

v

~~

*

York

,

or

Dec. %

1,344,920

3,458,373
827,000,000

IIIIIII—IIIIZ

Wilkes-Barre

Clearings—Returns by Telegraph

;

in:

At

Our comparative
'

,

,IHIZ
—"~T__"IT—"I—ZT
.

Philadelphia
Reading

preliminary

$15,299,815,172 against $14,671,612,328 for the

1,200,591
1,091,606
1,114,103

[

Chester

for all cities of the United States from which it is
possible to obtain weekly clear¬
ings will be 4.3% above those of the corresponding week last year. Our

Inc.

I

District—Philadelphia—

Pennsylvania—Altoona

telegraphic advices from the chief

upon

cities of the country, indicate that for the week ended
Saturday, June 25, clearings

this center

1948

$

clearings this week will show

45

6,127,000

4,452,583

10,793,601

312,065,309

(6 cities)

5,318,008

10,596,113

Wichita Falls

Louisiana—Shreveport-.
Total

32,393,191

5,914,000

Galveston

279,823,000

26,641,605

Fort Worth

342,120,620

4.9

5,785,066

5,825,421

8,1

228,338,000

192,656,000

-17.8

7,665,820'

7,291,386
257,169,622

Dallas——

29,543,602

22,166,011
4,615,000

-

-

3.5

-

-16.3

5,546,000
•"

3,567,526

1.3

—

8,045,541

2,583,136
7,135,711

8.8

-

280,825,735

234,981,279

89,059,255

99,913.157

District—New York—
Twelfth Federal Reserve District—San Francisco-

York—Albany

196,414,270

Blnghamton.

3,728,144

Elmira—

87,153,900

i

Buffalo

,1

+7/VV

Jamestown

91,582,267

1,749,864
1,762,778

New York

7,453,250,916

Rochester——1

-L

22,829,715

Syracuse

+15.9

2,515,259

4.8

93,878,966

—

2,216,071
72,843,306

2,019,068

—13.3

1,473,195

1,358,297

2,1?9,542

—19.1

1,616,381

1,288,217

8.2

6,972,354,081

.8,382,940,362

17,585,904

14,966,188

8,118,667,927

—

21,671,376 *-+

5.3

Oregon—Portland
Utah—Salt Lake City

California—Long Beach
Pasadena
San

Jersey

12,607,329

9,739,685

—15.2

11,139,421

1,094,304

—38.1

658,312

786,367

——.

48,261,393

—15.4

39,402,939

34,778,530

Grand

54,652,107

59,333,530

—

7.9

55,346,334

51,245,383

Outside New

Total (12 cities)

7,892,357,031

8,399,183,193

6.0

7,221,924,840

8,607,556,649




62,393,679
11,140,843
8,125,530

^I'locKno
12,496,509

10,651,965
4,420,292
9,497,790

791,437,608

810,165,038

11,741,059,146

15,888,127,402
7.709,459,175

7.7

+ 28.9

2,987,113

0.7

118,561,164

93,454,496

5.5

48,940,484

39,931,346

—

3,331,884

+

25.0

+

30.9

7,256,721

7,711,366

2.6

411,511,896

422,383,345

17.3

9,900,333

10,509,778

—18.5

3,961,106

3,857,050

—10.0

9,013,939

6,919,980

2.3

710,401,924

698,081,861

7.2

13,731,736,107

14,565,649,079

6.2

6,759,412,026

6,182,708,717

+

9,209,913

10,069,459

11,700,836

677,974

58,965,141
13,922,332
10,636,457

3,602,692
8,549,669

—

ianta^

—11.7

40,836,185

Newark

—

Jose

19,717,757

:

161,709,140

—

—

—

San Francisco

14,025,566

*

*

-

3.212,874

160,521,987

—

126,492,250

4,141,157

Yakima

11,895,550

New Jersey—Montclair

116,802,040

Washington—Seattle

17,405,"628

Connecticut—Stamford—

Northern New

3,216,473

—

Stockton
Total

(10 Cities)
Total

(111

cif,es)

—

Yoi7,287,808,230

♦Estimated.

tNot included in totals.

JNot available.

46

COMMERCIAL

THE

(2790)

FINANCIAL

&

CHRONICLE

Statement of Condition of the 12 Federal

Foreign Exchange Rates
requirements of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank certifies daily

Pursuant to the
to

the Secretary of the Treasury

below

give

Monday, June 27, 1949

the buying rate for cable transfers in the different countries of the world.

Reserve Banks Combined

We

thousands

(in

record for the week just passed:

a

dollars)

of

Increase (+)
FOREIGN

CERTIFIED

RATES

EXCHANGE

FEDERAL

BV

JUNE

17,

1949

TO

RESERVE
JUNE

BANK

23,

TREASURY

TO

TARIFF

UNDER

ACT

1930

OF

crease

INCLUSIVE

1919,

June 22,

1949

June 17

June 20

$

$

certificates

.297733*

.297733*

.297733*

.251247*

.25)247*

.251247*

.251247*

.200000*

.2009GO'-

.200000*

>

.200000*

3.200493

3.210650

3.210150

3.210150

.022750

Closed

3.211983

Australia, pcund_,_.„

.022750

.022750

.022300

.022237

.022300

.054406

.054406

.054406

Other

U.

cash

S.

;

670,875

Free

—

Ceylon,

1.000000

l.COOOOO

1.000000

.957500

.957500

.957500

.301166

.301166

.301166

.301166

rupee

Czechoslovakia, koruna
Denmark, krone

-

.020000

.020060

.020060

.208535

.208535

.208535

.004671*

.004671*

.004671*

.003030*

.003032*

.003032*

.003030*

.301878

.301678

.301678

.301378

—

Mexico, peso,,—,

.115602

.123304

—

Netherlands, guilder,,—————

.376000

.376042

——

Closed

3.991129

pound
Norway, krone,
Philippine Islands, peso,.
Portugal, escudo—
NOW Zealand,

.376114

.201580

.201580

.201580

.201580

.497340

.497340

.497340

.040325

.040328

.040325

.G40325

.471833

.471833

.471333

204.500

+

118.200

2,445.093

+

1,755,514

—

295,014

—1,583,595

+

236,555

—1,208,154

+

1,085

49

111,767

items

2,703,790

—

32,629

assets

Total

8,343

—

321,741

746,854

—

5

—

+

115,433

assets

—

64

—

—

46,292,952

.

717

21,282

71,241

996,486

—

Liabilities—

.278228

.278228

.278228

.278228

.230629

.233629

.233629

.233629

.233629

Closed

4.007500

Federal

4.007500

4.007500

4.007500

4.007500

United Kingdom, pound sterling

4.030698

4.027773

4 029375

4.023906

Uruguay,
Uruguay,
Uruguay,
Uruguay,

.658300*t

.658300*1

.658300*1

.058300*1

.538223*1

088223*1

.588223*1

.588223*1

.561799*1

.561799*1

.561799*1

,561799*t

.531909*1

.531909*-1

.531909*1

notes

23,236,950

33,886

Member

U.

S.

bank—reserve

Treasurer

acct.

13 214,369

acct.

—

451,832

—

291.592

508,263

•f

499,505

Foreign

476,755

+

8.751

Other

466,021

+

27,995

+

+

244,659

gen.

—

315..548
475,538

—

+

119,757
55,942

—

4.028750

.658300*t

Reserve

Deposits:

.471833

.278228
—

—

.201580

.497240

.471833

--

1,402

—4,208,502
—1,575,700

securities- 19,836,870

other banks

of

premises

Other

3,988800

.040328

——

27,686

.376300

3.988860

.497240

Sweden, krona
Switzerland, franc
Union of South Africa, pound—

Bank

.115630

.115330

5024

.370114

3.989480

■

3.988.033

———

Btraits Settlement, dollar

24,323
376,843

—

.001678

—•—•

■

India, Dominion of, rupee___—

—

•

19,J65,629

foreign banks,

Notes

Uncollected
.004671*

.004671*

.003030*

Free

from

R.

securities-

S. Govt.

Total loans and
Due

F.

—n

Official

+
+

49

359,100

.020060

.208535

(Metropolitan), franc—

France

+

7,832,300

Total U.

.301166

.020060
.208535

—

16.382

531,618

6,842,100

Notes

.958593

963.760

+

1.000030

.958125

30,500

—

2,780

—

4,032,139

Bonds

1.000000

...

994,260

securities:
—

Canada, dollar—
Official

+

46G

Certificates

#

2,781
—

287.162

loans

Govt,

+

R.

advances

and

Bills..

.054406
,

F.

gold ctf. reserves- 23,205,152

Discounts

.022253

.022287

.054406

for

I

587,722

Industrial

.022750

.022750

Belgium, franc
Foreign "bank notes" account
Brazil, cruzeiro

$

.200000*

.251247*

*—

products

fund

notes

June 23

$

$

$

22,617,430

Total

June 22

June 21

.297733*

.297733*

For "non regular" products,,
For certain industrial

June 18

$

1948

*
Gold

Cable Transfers in New York

Redemption

Argentina, peso—
For "regular" products,,

de¬

June 23,

1949

Value in United States Money
Noon Buying Rate for

Country and Monetary Unit

or

(—) since

June 15,

.531909*1

peso—

.588223't

peso

.561799*t

peso

::

.531909*1"

peso,

Total

deposits

Deferred

Total

2,427,582

—

14,772

liabilities

45,444,712

3,430

—

76,540

+

549,378

—

579

—

96,175

—

287,892

+

313

—1,100,915

depends upon type of merchandise.

t Application

♦Nominal rate,

19,765,408

availability items
incl. accrued divs.

Other liab.,

Capital Accounts—

Redemption Calls and Sinking Funds Condition Statement of Member Banks
The condition statement of weekly reporting member

Notices
Below will be found

a

list of corporate bonds, notes,

ing tenders, and the page number gives the location in
the current volume (except where indicated) in which
were

given in the "Chronicle."
NOTICES

OF

TENDER
Date

Company and Issue—

Apartments, Inc. — • ;!
4%*4V2% bends, due Nov. 1, I91f9———
July 5
Curtlss-Wrlght
Corp.,
common
stock
July 1
Pennsylvania Coal & Coke Corp., capital stock:
— July 26
Pennsylvania RR.—
General mortgage 4Vi% bonds, series E, due 1934—Jun 30
Poll-New England Theatres, Inc —

Page

Commonwealth

1st

bonds,

mortgage

ooor Loans

carrying securities other than United States Government
increased $28,000,000 in Chicago, $25,000,000
in New York City, and $52,000,000 at all reporting mem¬
ber banks. "Other loans" increased $40,000,000.

r
2423

1st mtge. leasehold bonds-July

and

mtge. 3Vi% series B bonds of 1967—-July 1
Corp., 4.90 $ preferred stock
—July 1
Proedtert Grain & Malting Co., $2.20 preferred stock,Jun 30
Home
6%

gen.

Power

Gas

Electric

&

income

2416

2416

Keyes Fibre

Co.,

1st

2527
2313
2313

Co.—

debentures,

due

Kansas Power Si Light Co.,

1974

—.July

3 lA %

bonds,

due

1

1969—July

1st mtge. ZV2S, due

mtge.

1

2420

1

2529

1966—July

Mississippi Power Co., 1st mtge. 3 Ys% bonds, due 1978",July
Monongahelc Ry., 1st mtge. 3Vis, ser. B, due 1966—Aug

1

1

2422
*

New London Northern RR.—
,

1st mortgage 4%

New York Stale
Northeastern

6%

extended bonds of 1955
July 1
Electric 81 Gas Corp., 4.50% pfd. stock,Jun 30

2531

Water Co.—

collateral trust bonds, due

1968

July

1

Paducah & Illinois RR.,

1st mtge. 4%% bds., due 1955,July 1
Philadelphia Co., 4V*% collat. trust bonds, due 1961-July 1
Phillips Petroleum Co., 2%% debentures, due 1964
July 15
Pittston Co., collat, trust 15-yr. 4% bonds, due 1961—July 1
Pitteton Co., 20-yr. 5Mi% Income debentures, due 1964,July 1

Bafeway Stores. Inc.,

5%

mortgage 3%%

preferred stock

Oct

...

Textile Crafts

bonds, series A, due

Building, Inc., 3 V2 %

bonds,

Tide Water Associated Oil Co., $3.75
Union Gas Co. of Canada, Ltd.—
1st

mtge.

Van Herman

Wisconsin
1st

4VaS,
Co,,

Public

mortgage

due

due

1954

preferred stock

1

2532

bonds,

debentures,
due

June 15,
1949

2647.
2647

Aug

1

and Investment#—total

Loans

to

due

1962

brokers

chasing

or

S.

July 15

.July

1

2689

and

Date
.

1

preferred stock,
July 1
debs., series A, due 2024,, .July 1
gold bonds, due 1953—,, .Jun 27
__

Associated Electric Co., 4 Vfc %
Bristol County Water Co.—
1st

U.

mortgage 3%%

bonds, series A,

Page
*

due

1956

-July

1

2634

2414
2414

2415

Fifteen Hundred

New York & Westchester
Lighting Co.—
General mortgage
bonds, due 2004

.July
Peoples Bridge Corp., 1st collat. Lien 5%
bds., due~1951 .July
Real Silk Hosiery
Mills, Inc., 7% preferred stock
' .July
Bcullin Steel Co., mortgage
bonds, due 1951
.Oct
Texas Power Corp., $7
preferred sleek
.July
United Light & Rys. Co.—
6%, 8.36% and 7% prior preferred stocks,—
-July

Virginian Corp., 5% serial notes, due 1952,
-July
White Sewing Machine
Corp., preference stock—I—I

-Aug1

♦Announcement in this Issue.




381

136

248

and

securities

S.

dealers for

—

39*

954

pur¬

4,951

797330

+

S.

+

46

652

+

52

209

—

obligations

+

145

+

183

+

8

+

2

206

+

28

3,929
34,867

+

40*

,

loans
securities—total

420

'73

—
.

1

64
304

+

16

—

227

+

+

520

2,516

+

551

+

392

Treasury certificates of indebtedness,,
Treasury notes

5,396

+

11

'";.+

555

U. S. bonds

Other
Cash

with

in

-

962

25.993

securities

+

5

383

—

1,451

Reserve

Banks

vault

+

153'

+

121

4.502

—

Federal

+

29

+

282

13,649

+

356

+

265

761

2,29.6

'

—

+

24

195

14

—

•

—

171

Liabilities2419

2643

1

2106

8

2532

1

1491

1

54.0%

combined—

Contingent liability on accept¬
ances purchased for foreign
correspondents

deposits adjusted.
Time deposits, except Government
U. S. Government deposits
Interbank demand deposits:
—

317
3

trial loans

grouped in two separate tables.

are

1

2321

5

2689

1

2465

In the

we

Further details and rec¬

which have not yet been paid.

dividend payments in many cases are given
company name in our "General Corporation
Investment News Department" in the week when

ord of past
under the
and

declared.
The dividends announced this week are:
Per

Name of

Share

Company

Abercrcmbie

&

Fitch,

preferred

$6

(s-a)—

$3

Bolderi

When

Payable of xee.
7-

6-18

1

Abitib!

Power

$2.50

on

7-

1

6-25

7-

1

6-25

T21c

(quar.)

Corp.

8-

1

Paper Co., Ltd.—

&

(called

preferred

prior

tion

l'/ac
2 VaC

Petroleum

Aberdeen

Aug.

at

l

redemD-

for

$37.50 plus

dend)

j

f

■

I i"r

this divi¬

——

;■

Albers

6%

$1.50

Oil

Gas

&

(quar.)

—

Allemannia Fire Insurance Co. (Pittsburgh)

Allen

Industries

Air

Co.

46,844
15,310
872

6-29

6-20

7-15

6-27

7-

6-15

7-29

1

7-15

25c

(quar.)

5

6-20

7-

5

6-20

$1

+.—

7-

$1.75

(quar.),

common

Body
of Allegany County
Discount Co. of Georgia (quar.)
Coal

8

75c

(quar.)

Corp.

8-

1

7-22

6-20

25c

Co.

—

Fidelity & Casualty Cc., Inc.—
Quarterly
Fidelity Co. (Montpelier, Vt.) —
Quarterly
s

6-30

$1

American Coach &
American

6-20

15c

(quar.)

Book

American

7-

6-29

1

15c

Filter,

preferred

6-21

7-15

—

(quar.)

Allied Paper Mills
Amerada
Petroleum

$7

7-

v, 3c

Super Markets
preferred (quar.)

Peifn

All

7-8

25c

(quar.)
Inc.—

Inc.

Co.,

7-25

25c

Reduction

Air

7-15

7-

7-

6-20

25c

1

5

American

15c

7-11

6-30

15c

7-15

7-

75c

9-15

8-16

7-29

7-7

+

549

+

4

+

195

.—

+
—

\

1

American Gas & Electric Co.—

quarterly

Leather (year-end)

American Hide &
American
American

—

Products

Heme

—

Co.,

preferred (quar.)—
American Manufacturing Co.
6%

Natural

preferred

American

Gas,

5%

(quar.)

American

Wire

Bottle

Thermos

Anaconda

&

Cable

7-

1

6-22*

8-

1

1

7-15

8-. 1

7-15

7-29

7-15*

12V2C

6-30

6-20

13-lie

6-30

6-20

$1.25

Ccrp

convertible preferred

preferred

6-17

10c

Spring of Holly, Inc., com. (quar.)
(quar.)
American Telephone Co. (Abilene, Kan.)—•
Vz %

7-

5-30

1

37 J/2 c

common,

American

5

8-

7-15

30c

(quar.)

(quar.)

Phenolic

7-14*

10c

25c

25c

_

common

7%

American

50c

$1.75.

(monthly)

Corp.

Maize-Products

7-15

6-30
7-20

25c

8-

50c

7-10

$1

(extra),

Co,

Co

7-1

5-22

7-

6-24

1

7- 3

20c

448

Manufacturing Co.,
Atlantic City Sewerage
(quar.)
Atlantic Company
(quar.)

25c

7-

210

Atlantic

25c

6-30

6-20

7-

5

6-25

8-

415

Steel

Co.—

Wedge

Atok-Big

Foreign banks
1,311
106
Borrowings
demand deposit accounts, except
interbank
and
U.
S.
Govt, accounts,
during week
20,985

11

19

13

21

Automobile

381

lc

(quar.)
(quar.)

1

6-15

Avco

A

convertible

Mfg.

Avondale

Baldwin

:

Corp.,
Mills

preferred
$2.25

conv.

(quar.)
pfd.

1
(quar.),

(monthly)

Locomotive

7.% preferred (s-a)

Works, common (quar.)

1

7-20

7-

1

6-21

7-

1

5c

commcn

5c

7-

1

6-21

5c

Class

'$1.50
♦June 8 figures revised (San Francisco District).
tBeginning June 30, 1948, individual loan items are reported gross,
i.e., before deduction of valuation reserves, instead of net "as previously
reported. Year ^ago figures have been adjusted to a gross basis.

30c

1

5c

Banking Corp,,

Debits to

1

4,313

bring together all the dividends announced the
current week.
Then we follow with a second table in
which we show the dividends previously announced, but
first

370

..

2,180

+

—

DIVIDENDS
Dividends

8,767

banks

2.9%

+

indus¬

make

to

5.153

2,311

Commitments

Mining—
Austin Nichols & Co., Inc.—
$1.20 convertible prior preference

Domestic

0.2%

Athol

Demand

996,486

—

gold certificate re¬
deposit and F. R.

Increased

4,105

securities

Government

71,241

to

liabilities

note

46,292,952

American

627

obligations

—

Government

of

serves,

American

carrying:

Balances with domestic banks

1st

_

138

+

Treasury bills—

Reserve

Walnut Street Corp —
mortgage 6% Income bonds
.July 15
Hershey Creamery Co., 7% preferred stock
I,
Jun 30
JCewanee Public Service Co., 7%
preferred stock- •Aug
1

+

agricultural

Real estate loans
Other

Ltd., prior Preferred stock •Aug

482

•

U.

Company and Issue—•

687

Other loans for purchasing or carrying:

2465

Ratio

American

23,234

Government

Other

1

1971

1948

+

13,385

U.

June 16,

1949

23,533

loans

1492

July 20

or

Jure 8,

62 603

—

,

Loans—grossf
Commercial, Industrial,

2426

1

Inc. (+)

(in millions of dollars)

Loans—net

2425

July

Loans

ENTIRE ISSUE CALLED

Appalachian Power Co., 6%

18,522

5c

Loans to banks

Abitibt Power & Paper Co.,
American Oak Leather
Co.,

+

149,050

Quarterly

Assets—

Service Co.—

3V4%

6,577

+

27,543

or

Dec. (—) Since

Other
_

3%

purchasing

member banks follows:

2423

2532

July 18

1975—

1956

15-yr.

for

total

2532

Southern Pacific Co., San Francisco Terminal—
1st

dealers

'.

Rower Co.—

gen.

Connecticut Power Co.—
1st

and

2423

2415

2526

Florida

brokers

2316

1

Maine

and

to

Holdings of Treasury bills increased $290,000,000 in
City, $70,000,000 in the Chicago District, and a
of
$351,000,000 at all reporting member banks.
Holdings of United States Government bonds increased
$64,000,000 in New York City, $34,000,000 in the San
Francisco District, and $25,000,000 in the Boston District,
and a total of $153,000,000 at all reporting member banks.
Holdings of "other securities" increased $29,000,000.
Demand deposits adjusted increased in all districts;
the principal increases were $362,000,000 in New York
City, $45,000,000 in the San Francisco District, $44,000,000 in the Kansas City District, and $39,000,000 in the
Dallas District, but they decreased $63,000,000 in the
New York District outside of New York City.
United
States Government deposits increased $195,000,000. The
increase in demand deposits credited to domestic banks
was largely in New York City.
A summary of the assets and liabilities of
reporting

Page

mtge. 3Vb% bds., series Q, due 1973—July 1
Chicago & Western Indiana RR.—
1st and ref. mortgage 4 Vi % bonds, ser. D, due 1962_Sep
1
Chilean Nitrate-& Iodine Sales Coip.—
5% sterling income debentures
Jun 30

1st

+

466,711

Total liabilities & cap. accts.

securities

New York

Date

Bryant Park Building, Inc.,

Commercial, industrial, and agricultural loans in¬
creased $13,000,000 in the San Francisco District and
decreased by smaller amounts in the other districts; the
net decrease at all reporting member banks was $39,000*-

2521

REDEMPTION

Company and Issue—
Central

System in leading cities
shows the following principal changes for the week
ended June 15: Increases of $520,000,000 in holdings of
United States Government securities, $356,000,000 in re¬
serve balances with Federal Reserve Banks, $549,000,000
in demand deposits adjusted, and $370,000,000 in demand
deposits credited to domestic banks.

2208
'

July 21

1958

due

PARTIAL

204,936

banks of the Federal Reserve

preferred and common stocks called for redemption,
including those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬

the details

Capital paid in
Burplus (Section 7)
Surplus (Section 13b)
Other capital accounts

7-

1

6-21

37v2c

7-

1

6-21

56 Vic

8-

1

7-15

8c

7-

1

25c

$1.05

6-21

6-15

7-30

7-

9-

8-12

1

8

.

Building COrp
& Electric (quar.)

Bankers

Gas

Beverlj'

A

Class

Ltd.,

Hats,

Eiltinove

— —

(quar.)

common

<quar.)____

——

Birmingham, Fire Insurance Co.

(quar.)—-

ilPhila.), 5%'. pfd.

& Timber

Co.,

Oregon Power

California

(meg.)—-

Corp.

(quar.)_

preferred (quar.)
—
,6%
preferred , iquar.p__.__J_——
7%' preferred.:, (quar.
California: Portland Cement (quar.).—
Canada Cement Co., Ltd.—

•

*"

6-15

1

7-

7-16

7-

preferred

(Philip) Mfg. Co., common (quar.)..
preferred (quar.) — —
--Case Ftmeroy & Co
—
Central Electric & Gas. $2.50 pfd. iqliar.)__
Carey
5%

4.75%

(quar.i ——
Process Co. iquar.)

Franklin

Central

Light

Ohio

Central

Power Co.—

&

Illinois

Brick

6-17

Illinois

Terminal

6-30

Income

Foundation,

6-21
6-15

Indiana

1

6-15

7-14

6-23

7-

7-20

,

Republic

Central
Central
Class

•

(irreg.)

B

7-15

Inc.—
$2 non-com. conveitible preferred (.quar.)
Chadbcurn Hosiery Mills, Inc.—
>
4J/; % convertible pieferred (quar.)
Chp.se
National Bank (N. Y.)
(quar.)

:

Inc.
Chemhal Furd,
Chasers,

Co.. (Boston.)

Collateral Loan
Extra

_L

preferred

5r/o

—
—

Co.,

Telephone

Cuban
<

Insurance

Life

Crown

(quar.)—__—
(quar.)—

—

(Toronto)

Corporation,

Dana

preferred

33A%

Leather

Davis
-

Class

Ltd.,

Co.,

Detroit, Gasket & Mfg

Dividend

________

—

^

class

(ouar.)
A

.

(quar.)—__—___

Co.

—

Inc.__.

Shares,

Dodge Manufacturing Co. (quar.)—_
Dominion & Anglo Investment Corp.,

preferred

5%

1

8-15

Extra

(quar.)—

Co.

1

9-15;

1

6-21

Lawyers Trust Co. (N. Y.)
Leitch Gold Mines, Ltd.__

6-21

Lewis

6-23

7-

1

6-22

7-

1

6-14

7-2

6-20

7-

2

6-20

7-

1

6-20

8-15

7-30

7-

i

6-23

8-

1

7-15

6-29

6-22
1

1

Lowell

Bleachery,

Lowell

Electric

7-18

6-30

2

6-30

6-30

6-10

6-30

6-10

7-

7-

7-15

7-

5

7-20

7-

5

7-15

1

Class B

8-

1

7-11

McCaskey

7-21

7-7

9-

1

8«f

1

McCcimick &

1

8-

1

McDonnell

7-

1

6-25

7-25

7-11

1

7-15
1

9-

1

8-15

8-

1

7-

8

8-

1

7W

8

7-15
1

6-21

9-

6-27

6-17.

7-15

Merchants

7-

Munising Paper, 5%

7-29

Mutual

8-15

7-29

National

Chemical

20c

8-15

7-29

National

Distillers Produce Corp.

37%c
15c

3-15

7-29

National

6-30

6-25

National

6-30

6-15

National

Tool

85c

7-

1

6-24

National

Insurance

7-15

6-30

7-

6-20

(Sen

7-

1

6-20

7-

1

0-30
5

North

7-

1

6-22

North

15c
75c

6-30

6-23

7-

1

6-16

7-

1

G-30

87'/2c

8-

*

7-

-•

Extra

Quarterly

6-21

:

Co.

8

6-29

Ogilvie Flour Mills, Lid., common
7%
preferred (quar.)

1

7-15

Ohio

6-20

(P.

H.)

6-30

6-21

7-

2

6-20

Oxford

7-

1

6-16

Pacific

7-

1

6-20

Pah

20c

_______

Knitting Co., conmon

Hart, Shaffnei & Marx
Hartford Fire Insurance
Haverhill
Hecht

0-20

PeaJ)lee-Gai'3bert,

1

6-20

Peerless

7-18

6-23

Pemco

1

6-15

7- :1
7-

7 fe>

Hines

Hoe

common

&

$3

4J/2%
Corp.

preferred
Ltd.,

50c
? 40c
40c

6-30

6-22

7-

6-27

preferred (quar.)
—
Philadelphia Title Insurance Co
Pittsburgh. Cincinnati, Chicago £'■ St.

(quar.)—

03d4C
5c
35c
(quar.) _____. 50c
Co., Inc., $4 class A (ouar.)____
$1




common

j

.

1

6%

RR.

(s-a)

7-

8

7-30

7-

8

7-25

7-15

Plainfitld

1

7-15

Flant'(Thomas

7-30

(

3-

7-15

7-

7-15

0-30

1

common

Pittsburgh

7%

1st

6-30
9-14

8-15
3- 1
6-30

6-22
6-22
7-15
6-30
6-15

Bolt Corp. (quar.)
(quar.)1———;—a-:;'.*.
Corp.*—'
's
M
xtuadli

G1.)

preferred (accum.)
(reduced)— —jurOJi-atu..
'•

S.

1

'.itelwtH
•*■>*?

".-f.J.iX-

i/iw

$1.25 f 6*>3C),
10c i.fr 7-15

y

ri

7-

1

6-17

8-

Class

7-29

9-

1

7-29

7-1

6-25

1

6-23

9-12

8-29

7-

7

6-30

7-

1

6-20

10-

1

9-16

,

7-23

7-12

7-

5

7-

8-

1

7-11

7-11

6-30

7-20

1

7-

5

7-15

7-

5

7" 1

6-21

7- 1

8-

1

7-11

8-

1

7-11

7-

1

6-20

1

6430

7-

1

6-28

1

6-28

50c
30c

7-15

7-30

(quar.)!

<s-a)

Co.,

—

$3

___

$1
25c
17'/2c
36 V4C

commcn

(N.

Inc.^._.,__

.1

(Initial quar.)—

<quar.)_—:.

Gas Light

Co.,

1

2

7-

2

6-15

7-15

7-

6-30

6-17

7-

1

6-24

1

common

1

6-24

8-

1

7-15

9-30
8-

1

9-

8

7-15

7-15

7-

8-

7-15

1

6

9-15

9-

6-30

6-20

6-30

6-20

6-30

6-20

1

7-15
7-

I

7-15

7-

1

$20c
37J/2c
$1.12J/2
Ol.OG'A

-

class B.iquar.)

iquar.)

Waterous, Ltd., class A

7-

1

6-28

25c
$1.75
10c
62'/2c
20c
20c

;

$2.50

7-30

7-

7-

7-

$2
5c
50c
$15c

8-15

7-20

1

7-15

—

Station,

1

60c

Y.)

common

Co.,

7-

60c

preferred———
Co. (quar.) —

Co.

Goodwill

Washington

8-15

is

7-

Louis)

Brcthtrs
C

1

1

9-

7-

Corporation,

The

WJR

7-

<s-a)25c
' * 15c

Corp.

Tool,

6-20

15c

preferred

7%

7-15

1

9-

______

$4 prefeired (s-a)— _
Syndicate, Inc.
Vertientes-Camaguey Sugar (quar.)

Valspai

1

7-

7-15

(s-a)

'

Guarantee

5

July

Venezuela

(quar.)

3-

7-15

8-

1

—_

7-25

8-10

7-25

50c

(quar.)__^
(quar.) ——

8-10

6-30

6-15

25c

pieferred
preferred

6-30

6-15

Waterbury-Fanel Foundry & Machine Cc.—
Quarterly

——

Extra

Mills, Ltd.—
5'/2%
preferred (quar.).
West Coast Telephone, $1.20 pfd.
Western Assurance Co.

30c

7-

1

6-20

$S1.20

7-

2

6-28

(quar.)

50c

Cos.-(quar.)

Lake Erie Ry.—
lien (quar.)
Union Stockyards Co.—

1

7-15

$$1.37%

8-

(Toronto)

Massachusetts

Western

4%

Will

7- 9
-

6-27
6-22
'

(.

i?/
3..U

$1

prior

preferred

(s-a)__

6-30

6-20

3-

7-22

$2
''20c

Machine Co
—
Candle Co., 8% pfd, (quar.).;

Gas

&

Electric

Co.—r

~

(quar.)

$2

7-15 •'

7-

9

7-

8

6-28

T-

1

6-23

"

$1.12Va
Young (J. S.) Co.mpany, old common.™—!.
$1.50
New
common
(quar.)——r_,
75c
7%
preferred (quar.)——.-.
:_
$1.75
Youngsiowr Sheet & Tube
$1.25
preferred,

1

..,

T_T,

Gibbs Sewing

&

&: Baumer

4 '/2 %

6-23

i.r fi'nv

v:

6-17

—1

7-15

6-30

7-

1

6-21

7-

1

6-21

7-

1

6-21

9-15

8-12

6- 7

7-20
7-21
.7-1

15c
'$1

1

...

(Minn.)

Insurance

Fire

Below

6-22
6-30

give the dividends announced in

we

dends

preceding table.
Per

Share

of Company

Abbott Laboratories, new

com.

(initial quar.)

40c
:5c

Abitibi Power & Paper

""$1.5(5 preferred

t■un'xvtiq
:1 r°

previous

The list does not include divi¬
announced this week, these being given in the

weeks and not yet paid.

Name

$2.50

5

7-

iquar.)

Co.

participating

S.

U.

Louis

Water

on

7% pfd. (quar.)

Products

Mill:

75c
U.

9- 1

7- 1
7- 1

Plomb Tool Co.
:

United

Wisconsin

6-24
6-23
7-5
7- 1
6-20

75c
75c

—

——

&

Screw
Union

6- 7
:

$75c
$$1.50
$4

(quar.)—

Penmans,

5

7-

7-

(quar.)

Bagley Corp. (Detroit)
—„—.
'
Union Manufacturing Co. " (quar.)

6- 7

22'/2c

(quar;)

6-28

:

220

Wilccx

25c-

6-15

7-

accumulated

above

the

.

(St.

Wichita

7- 1
6-30

—

plus

———

6-23

46c

(quar.)

pfd.

7-

1

G-21
9-21
6-23
6-23

6-18

— —

Corporation, common——

7-19

preferred (quar.)
Steel Products Co.,
preferred A (quar.)_
(Edward) Lumber Co.

(R.)

7(

Cement

Special
RR.

Tunnel

6-18

$1.25

Lines—
American Investment Fund, Inc.—;

6-23

Wbsley Mason

7-29
7-15
7- 1
6-29

Co._______

(quar.-60c
(quar.)
—
50c

Co
Light (quar.)

Company,

3a/4%

Hercules

Paper

(quar.)

for redemption

& Light,

Transi-.merica

Vlchek

6-27

•

Greyhound

.

,

Electric
Gas

•

6-23

1

7-11

Wheeling &

$1
25c
: 50c
20c

Otis Elevator Co._____—___—-j._i._-——

$$1.25

——^

(quar.)

1

5Gc

>

Corp.

8-25
7-27

20c

—

Inc.

Manufacturing Co.

4%

20c

8-10

* 7-

25c

(quar.)—.

(increased)

B

10- I
9- 1
7- 1

$1

called

$110

Towmotor

6-20

Electric Co.—

preferred rquari)_2—
Orangeburg Mfg. : Co.i—
4%

$75c

Towle
(

6-30

participating non-cum. preferred.——

6%

Class

-'v-v—

1

6-20

7-

,

$1.75
$1.50
$2.50
Title
Mortgage &
Guarantee,
Ltd.
(New
••
Orleans)
$1.5:0
Todd Company, class A (increased)—15c

6-17
6-20

__________—_—

"

iquar.)

(Boston)

Inc., com.
tquar.).

preferred

6-30
6-30

1

Orange & Rockland

:—_——

Haverhill

.,

(quan)? 10c

Co., Inc.

(Irreg.)

Co.

1

9-10

50c

6%. pfd.

Co,

Viceroy Mfg. Co., Ltd._

.

Common

6-20

5-31

25c
Class B
25cv »5<& ' prefeired
(quar.)
$1.25
Harrisburg Railways Co. ('-i-a)._—15c
Hart fr Cooley Co., Inc.——
,t.
40c
Hanes

Leather

$6 pfd. A iquar.)

Textiles,

Insurance

$4.50

$25c
$$1.75

7-

v

(quav.)_—

Trust

issue

at

1

37'/2c
$1.25

(quar.)__

iquar.)

common—.

iquar.)

.dividends.

$4.25

30c
30c

Power-Co.

Paper Mfg.,

Stern

Entire

6-24

—

7-

6-30

(s-a)

(s-a)

Olympia Brewing Co.—

&

6-29

(s-a)

6-15

'

—

7-20

50c
50c
common

6-30

Guelph i Dntario investment & Savings SoPublic Service

B

Class

Co.,

1

—

—

Brothers Stores,
Erothers

7-15

.____

Chemical

preferred
Street

8- 1
6-30
6-29

Quarterly
Noxzema

5%

6-30

6-21
6-21

'
7- 1
10- 1
7- 1
7- 1

1

55c
$1.50
$1
•
40c
.1
$10c
$$1.25
75c

preferred

50c
iquar.)

7-

6-16

75c

8

50c

cash

7-15

Cement—

7-

8-

6-30
6-20

:

States Portland

6-15

6-16

Common

Judd

Northwestern

7-11

6-30
7-12
6-30

Inc

5

1

6-30

97'/2c
$2
$1

Co

Aviation,

7-

7-

7-11

Warren

(quar.)

Co.

Insurance

American
&

7-15
7- 1

5c
15c
25c

(quar.)

7-25

75c

-

25c
75c

Assn.—

7-25

$1.12%

(quar.)—

1

Electric

Mfg. Co. (quar.)__
Northwestern National Insurance Co.

$

56"4C
25c

(quar.)—

7-20
6-30
7-15
7-11"
7- 1

8- 1
8- 1

5-

7-25

$1.75

Light Corp.—

Telephone

Fire

Niagara

7-

6-20

1

0-

7-30

15c
50c

(quar.)

Co.

& Machine Co
Co. (quar.)-..*

&

&

Power

York

7-20

1

Gas

6-30

6-27

22'/2c

Machine

preferred

3.90%
New

Hosiery

Gro-Cord Rubber

York

New

7-15

■<

Mfg.

&

6-11

6-15

10c

7-

1

6%

7- 2
7-15

25c

5

7-25

6-20

Title

50c

Inc

7-

6-30

_-

Works—

(quar.)

Colorado

Texas Pov/er

5c

Increased quarterly

C5c
$1
$1.25

(quar.)

8- 1
7- 1
6-30
7- 1
7- 1
6-30

Co

Euglend

New

6-20

Fran-

Co———

Mlg.

1

10c

$3.50 preferred

$1.10
$3.50
$1.75

6-20
6-20
7-15
6-20
8-14
6-22
6-15

pfd. fquar.)
Fund,

Investment

Britain

New

25c

Co.

6-30
7- 1

$$4.50

5

7-25,

_

6-20
8- 1

Transit Pump

$25c
25c
$1

6-22

25c

7-

7-15

(quar.)

12V2c
4>/2% preferred
56c
Stone Container Corp.—
;
20c
Stony Brook Railroad (s-a)
—■
; J $2.50
Sun Oil Co., 4V2%
class A pfd. iquar.)____ ^$1.12Va
Taylor-Whaiton Iron & Steel Co
50c
Technicolor,
Inc.
40c
Terre Haute Malleable & Mfg. Corp. ,(quar.)
20c
Texas Electric Service, $6 pfd. (quar.)—
$1.50
Texas Power Corp., $7 preferred (accum.) _
$79.75

6-22
7- 1

7- 1
8-15

Mfg. & Stores Corp. (quar.)
Screw & .Mlg. Co. (quar.)

35c

(quar.)

1

7- 1

25c
97V2c

7-25

17V2c
50c

;

Co.

BJeachcry & Print

Franklin Process,

Stern

6-15

. —-

7-

(s-a) ___u_____-i._i__i_-____
Co., Ltd.—
2nd preferred r(quar.)
——

ciety

Co

7-15

—

preferred

Common

Gulf

Rubber

Mohawk

5

6-23

1

6-21

Stern

$1.12%
30c

preferred (quar.)
Gas & Electric Co., com. (quar.)_
4.40% prefeired (quar.)
—
Middlesex Water, 7%
preferred (s-a)__
Millers Falls, 7% prior pfd. (quar.)
Mississippi Shipping (quar.)
Missouri Power & Light, $3.90 pfd. (quar.)-

9

7-

7-

1

7-, 1

Co

Products

Sterchi

$1.50
80c

4V?.7c

9-

7-15

6-30

'

7- 1

(accum.)
!
Merritt-Chapman & Scott ,s-a).._.
Metals Disintegrating Co., Inc.—

6-30

7-27
10-

$1.75

State

8- 1

preftned

5

7-11

7-25

15c

6-24
7-12

preferred (quar.)
Cold Storage Co.—

8-15

5

Great; West Saddlery

;

&

Ice

7-30

(quar.) —______i _
>
40c
Employees Insurance Co.— > ;-Stock dividend ____—U .. 20%

6V0

5%

Inc.,

McQuay,

5

•7-

25c

Aircraft

Standard

7- I

7- 1

7-

7-15

Corporation (s-a)
Standard Cap & Seal, $1.60 pfd. (quav\)_—
Standard Chemical Co., Ltd., common—

7-15

S- 1

6-30

7-20

6-30

$2.20

8- 1

$2.50

(S-a)

7-15

6-28

Southwestern Natural Gas,

6-24
8- 5

$1.50
37!'2c
25c

preferred

5%

7-20

8-1

7-

v

Sperry

Corp.—

preferred (quar.)
Stores Co. (quar.)

McLellcn

Government

!

Company,

Aircraft

7-20

1.

7-15

(s-a)_l—
(Interim)—.
(reduced)-—

Corp.

7%
preferred (quar.)
Southwestern Associated Telephone—

14c

non-cum.

6-17

3-

7-11

Oil

Southern

6-30
6-14
7-15

(quar.)_

7-15

20c
30c
25c

(s-a)

Fund

Goodman

*■.

pfd.

4'/2%

Moirs, Ltd., 0% 1st preferred (accum.)
Mor.ioe Loan Society, class A (quar.)
Monumental Radio Co., rommcn vtc (quar.)

30c.

—

Georgia Pacific Plywood & Lumber—
$2 25
preferred
(quar.)_—;
Gimbel Brothers, Inc., common iquftr.Ka__

Gotham

8-

Co.,

6-17

6-27

6

(St. Louis) —

Southern

25c

Rigifter

<quar.)_

—

preferred

7%- preferred

7-25
6-16
8- 1

Common

9-,

8-15

(quar.)

6-24

6-27

50c
$1.25
$1.25

—

Brand Clothes, Inc.

Southern

30c
25c
$150 ^

common

Candy__
McCabt Grain Co., Ltd., class A

1

7-15

(quar.)

General Foods,

•

Interest,

♦

6-30

$1.06'/4
50c

——

—

(quar.)

Union

Sonoco

of

Miller

6%

8-15

7-21

7-15

5%,%

ilOc

Beneficial

7-

1

Fry Products. Inc

$4.50

Shares

Trust

7- 1

25c

1

15c
55c
$1
12V2c

Common

7-7

25c

iquar.)

Bottling Co.

Seven-Up

6-20

'

7-21

8-

7-11

6-30
6-30
7-11
6-21
6-29
7- 5
6-20

8-1

1

Lcuis—

St.

of

Co.

(qua?.)
Security Storage Co. (Washington)

Society

$1.06'/4

(s-a)

preferred

Shell

(Increased)

Investors

Massachusetts

8-

8-

Common

6-30

8-

$$1.59
$60c
$1.50
$3

(s-a»_
Inc.—

Investment

Securities

6-20

7- 1

& Co.,

1

prefeired (quar.)_
—
Sears, Roebuck & Co. (quar.)—

9-20
12-20
3-20
6-17
6-29
6-22

iquar.)_

2nd pfd

7%

Sons,

Company

7-15

1

1
1
— —--—
Rubber Co
Fisher Brothers, $5 preferred (quar.)
Fostoria Pressed Steel Corp. (reduced) _____
Franklin Process
Cc

*t

Maltlne

Maud

8-

Firestone Tire &

■

Light

&

& Co., Inc.—
4'/4% preferred A (quar.)
Maine Public Service Co.
(resumed)

6-30

8-

Equipment Buicau, common
particpatir.g preferred (guar.)

ciscc)

Inc

preferred
(Ed.)

pfd.

4%%

(R. H.)

Macy

8-15

$l.l.IJ/2
15c
5c

Co
Electric

prefeired

Fireman's
.

(G.)

Mabbet

Schuster

7-11

$$1.07
50c
$1.12V2
$50c
$18'Uc

(quar.)

—

(quar.)
2nd pfd.

Bridge,1 3%

1st

6-24
7-29

7- 1
10- 1

preferred

2nd

7- 1

1-1-50
4-1-50
7- 1
7- 7
6-29

6-23

8-

6-20

Bearing

Participating
'

(quar.)

preferred (quar.)
preferred (quar.)
Lord & Taylor (quar.)

7-

1

(quar.)_

5Vo

7-

2

pfd.

conv.

5%

7-25

6-30

Light
Fibre Products of Canada, Ltd.—

4%

Dock, 5%

preferred

(quar.)

V/atch Co.

Longines-Wittnauer

9

6-30

5%

Paper

Louis

7- 1
8-15

$1.75

pieferied (quar.)__^
Candy Corp. (reduced)

5%

7-11

^

5-

1

7-11

$1
10c
50c
$1.25

(quar.)„—
St. Lawrence Corp., Ltd., $2 1st pfd. (quar.)
75c 2nd piefcrred
iquar.)—
St. Lawrence Paper Mills Co., Ltd.—
$5 1st preferred (quar.)

Solar

25c

River

Filing

common

Lorain Coal

6-20

B

prelened (quar.)
$1.E0 prior preferred series A
Equity Trust Shares in America

5%

6%
Loft

6-30

80c

Fall

Brothers,

10-

183/4C
93%c

Paper

Co._i
St. John Dry Dock, 4V2%

7- 8
6-30
6-30

7-10
7-10
7-25
7- 1
-7-15
7-19

•

7-15

7-29

$3
$3

dividend

Croix

6-16

37V2c
$1.25
25c
$1.50
10c
15c
62V2c
62V2c
62'/2c
621/2c
$2.50
25c
65c

6-22

8-25
8-lb

7-

—

Sagueney Power Co., Ltd., 4V4% pfd.

Telegraph—

&

6-30

75c

Building Co., 6% pfd. (accum.)
Ryan Consolidated PetroIeum-

25c
l2c

(quar.)

1

7-27

"

—

Russ

6%

1

7-

RR.

(s-a)

common

Raisin

$2.40

7-

7-15

of Pittsburg—

Co
Rochester Button Co. (quar.)

St.

'

6-15

7-15

12 (be

Inc., common (quar.)__
3%%
preferred (quar.)
Rike-Kumbler Company

7-15
7-15
' 7-15

(quar.)

(quar.)

preferred

7-15

$$1

Millwork Corp. (quar.)
Southern Gas Co. (quar.)
Credit Coip., class A

Fafnir

Lit

$1.50

Emplovees
Class

5%

Non-votinc

7- 1

(Mass.)

Co.

Tellplione

Common

6-30

preferred (tjuar.)—
Elgin National Watch Co. (quar.)
Elgin Sweeper Co. (quar.) ______—_____—
Emeison
Radio &
Phonograph
(ouar.)—
Empire

Wharf

(quar.)__

;

-

25c
30c
45c

(quar.)

com.

Co

Life- Insurance Co.

Stcck

6-17

1

,

Rich's,

50c

United Bakeries,
preferred
(quar.)

Co.—

•

St.

1

7-

50c

(quar.)

Shoe

River

6-17

7-

12'/2c
12'/2c

porticipating class A

5%

Co

*

Quarterly
Richmond, Fredericksburg & Potcmac
Co., dividend obligation (c-a)

Orleans) —

Ishpeming RR.

&

(quar.)

(quar.)
A.)

Reliance

6-20
8-10

:

pfd.

Class B

$1.50

Superior

$1.80

7-15

4J/2%

Empire

(quar.)

Langer.dorf

~w_>—S1.5H
30c.

—

Products

Co.

Michigan

Ltd.—
'
; 4%. participating
preferred (ouar.)
Eastern Magnesia
Talc (quar.)
Ekco

Lake

6-30

7- 1
8-31

(Texas)

Corp.

B

(C.

Regal

6-24
6-25
7- 6
7- 6
6-27
6-24
8-15
7-11
7- 8

Semi-annual

7-15

Eastern'Bakeries,

1

Petroleum

(quar.)

Lafayette Fire Insurance Co. (New

6-24

6-30
7- 6
7-30
7-30
7- 7
6-30
8-25
8- 1
7-15

10c
35c

pfd
(quar.)
preferred (quar.)

Co.

7-

$$1.25
$25c
$$1.25

30c
7V2c
I5c
$1.50
25c

—

60c

6%

Laclede-Christy

8

Co.,

Works,

Brewing

(G.)

Salle

La

6%

(quar.)_—
Co., Ltd., common
(quar.)

preferred

5%

6-30

Ltd.—

Dominion Malting

50c

35c
15c
$1.25

(reduced)

10-

10c
tMVuC
$17V2C
15c
l2V2c
2c
20c

(quar.)___

—

Company

E.)

tquar.)—

(quar.)_

A

(quar.)

B

(W.

Dean

—

common,

Davenport Water, 5% preferred
Davidson Erothers, Inc.__

l

(quar.)_

.'•> 1

$1.50
$1 50
$1.121/2
25c
2c
25c
93%c
$1.25

(quar.)____

common

preferred iquar.)
Cuaahy Packing Co., 4V2% pfd.
Cunningham Drug Stores, Inc
Cypress Abbey Co
67o

7-

3-15

$$5

(s-a.)

Co.

Creamerj

Krueger

9-14

$1.75
$25c
$25c
30c

(quar.)

Package Mfg. Co.

Creamery

1

Water

Kokomo

7-

7-15

7%

Bit Co., Ltd., common
pieference (s-a)__

Craig

6-21

1

7- 1

&

Knapp-Monarch Co.

7-20

$1
75c
Connecticut
25c
Consolidated Dearborn Corp. tquar.) —20c
Consolidated Rendering Co
$1
Corn Products Refining, common (quar.)—
90c
7%

6-28

Fire

Refining

Knudsen

preferred (accum.)
Printers, Inc. (quar.).'

t

6-20

:'7- 1

Co

Wharf

Concord Gas,

8

6-30

.

10c

Company

Lincoln

.

Commercial

6-20

City

Kendall

65c
25c
$1.25
5c
2 VjC

(quar.)

'

8

Class

6-28
6-30
6-23

•

Marine Co. (s-a)___
(quar.)
—
Kellogg Switchboard & Supply Co., com
5%
preferred (quar.)
Kellogg

7-

$1
12»/2c

—

2nd pid. A (quar.)_

(quar:)____________

Inc.

Kansas

7-

(s-a)

preferred
series B
(quar.)____
preferred (s-a)
Stephens & Shinkle Shoe Co
Johnston Mutual Fund, Inc.____.
Joyce,

A

;,$2

9-15
6-30
6-20
9-20
6-23
6-23
6-27
7-15
8-1
8-1

10-15
7-21
6-29
6-29
G-30
6-30
6-30
7-30
8-1
8-1
7- 1
7-20

$75c
15c
$1.50
75c
37V2c
$2.50
$1%
$1
87'/2c
$4
12V2c
20c

8%

1

7-

i

(quar.)

Ltd

Bros.,

$1

5%

(quar.)———:

1

25c

Class

6-17
6-21
8-22
6-30

$$1

Co.

Power

Rayonier, Inc., common (quar.)—.'
$2 prererred (quar.)
Red Top Brewing Co. (Cinn.) —

7-15

7- 1
6-27
9-10
7-15

•

-

(quar.)_

2nd

6-23

1

(ouar.)

pfd.

4%

8- 1

25c
10c

Johnson

6-15

8-

B

Johnson & Johnson, A'/o

7-

$1
:

_________

(quar.)

Breweries

Columbia

Jenkins

6-30

35c

:

——

(quar.)_

6-16

8-

50c

common—:

$5 preferred (quar.)
Transit Co.,

Quebec

Ltd.—

preference
Mutual, Ino

preferred

€-30

43VtC
$1.25

-1

preferred, (quar.)_
Land & Securities Co.
Cleveland Unicn Stock Yards (ouar.)
Coca Cola Bottling (Los Angeles) —
Co.

6-15

6-30

5c
12c
15c

4%

semi-annual

6-15

6-30

5%

'

Cleveland

(Daniel)

6-21

6-30

40c

Inc._____1

.

Increased

6-17

6-27

50c

Chicago

Cohen

6-17

6-30

5G'/4C

______

Corporation (quar.)
.Chicago Railway Equipment Co.—
I'/o
preferred (ouar.)___
Chrysler Corporation —__—
Cincinnati Gas & Electric, ccininon

6-30

6-30

Investors

Century

James

t

Co.l—I—
Telephone, $2.50 preferred (que.r.)_
Warehouse Corp., class A (irreg.) _

Central

6-10

Light,

7-

40c
17l/2c
20c
25c
$1.25
3IV4C
$25c
50c
50c

common

(quar.)

Gas

Portland

Reed

Telephone Co. (s-a)
—
on a quarterly basis
..._
Manufacturing Co., comrion <quar.)_

Now

7-

(quar.)

Investors

8-19

7-15

Co.,

convertible

6%

Investors

5c
15c
62V2c
30c
30c

Milling

Foundation,

Investment

7-11

9-20

Co.

(quar.)

Bancshares

International

6-30

7-25

Inc.

(quar.)_—__—
(.quar.)
Inter-Island
Steam
Navigation
International Business Machines

6-30

7-15

(quar.)

Railroad

preferred

$2

.

6-30

7-15

Co.

••

Ltd.

(quar.)

Inc.

Portland

Associated Telephone Corp.—

Industrial

6-30

7-15

'

6-20

Extra

1

7-

50c

'

Extra

2

Ltd

(resumed)

Co.

6-28

59V8c
__

Hurd Lock & Mfg

6-28

'62'/2c

preferred A

$$1
15c
10c
20c
l'Ac

$2.50

preferred—___

5%

Bay Mining & Smelting Cc.,

7-15

$$1.50
40c
$1.25
30c

(quar.)

Scale,

Hudson

7-15

Canadian

6%

Howe

1

6-30
6-30
7-15
9-12
7- 9
8- 1
8- 1
6-20

Pollock's,

6-20
6-20
6-20
7- 8
8-12
6-30
7-11
7-11
6-10

6-30

$1.25
$1.37 V2

proteried (quar.)
5V2% preferred (quar.)_

6-20

1

7-25

$32l/2c

preference (quar.)
Fairbanks-Morse. Co., Ltd.—

$1.30

1

(quar.)

com.

prefened

7%

6-24

6-30

12V2c

5%

7-

$1.80

,

Oil Field Material Co.,

Houston

6-30

7-

40c
$1.17 Va
$1-50
$1.75

com.

/ $4.70

20c

Payable of Rea.

Share

Company

Scale Corp.,

Pneumatic

•

V'2c

6-30

7-

50c

(Ercoklyn)—

Guaranty Co.

Name of

47

Holder•

When

Per

When
Holders
Payable 0) Rec.

Per

Share

Reduced

7-15

Eowling

Calaveras Land

Title

Home

7-15

1.

(George

Borg

6-20
6-22

7-

Brothers, Inc. .—»——l—
W.) Corporation (quar.Ji.-_—
25c
Green. Fund (quar.)v-—
10c
Bridgeport Hydraulic Co. (qaar.)._.i
40c
Bulkley Building Co., '7% * pfci. laccum.)$2
Butler's, Inc., common (quar.)_^_^-_
12V2C
4%% preferred ;(quar.)
28Vbc
ngdale

Bloom)

1

6-30

62%c
70c

(quar.)—__—

/.
Name of Company

Payable 0/ Rec.

$1.50

(s-a)

fBlacl:hawk-Perry Corp.
Blauner's

Share
$3.50
60c
$10c
525c
40c

-

(2791)

CHRONICLE

FINANCIAL

&

Holders

When

Per

Company

Name of

COMMERCIAL

THE

Number 4815

Volume" 169

'u

.

-fid')

(quar.j

"04
*!'

v'tr

•

Co., Ltd., common—

$}(

:;n

125c

$37%c

When

Holder9

Payable of Xeo.
7-

1

6-

8

7-

i,

6-

8

:7-a<

6-

1

7-./1

6-

1

7-. 1

6-

1

-f

It

p.

THE

(2792)

is

When

Per

Name of

Holder«
Name

of Company

7-15

Anglo-Huronia.n, Ltd.
■<*—■.
Anglo-Newfoundland Development Co, Ltd.-

2

6-10

Angostura>-Wuppermann Corp.

7-

Apex Electrical Mfg.

2

6-10

6-29

6-16

6-30
7-

—

6-15

9

6-16

Arcaae

6-30

6-21

7-

1

6-16

6%

20c

ilrreg.)...

Co.

Express

7-

1

6-16

Arizona

25C
5C

20C

Extra

6-30

5c

Edison

Co,

preferred

$5

(quar.)
Gas, 6%

$5 preferred

pfd.

Natural

1

6-15

1

6-

3

Arkansas Power & Light Co,

50c

7-

1

6-

3

5%

preferred (quar.)——
Puna, Inc.—.
——■
Gas Equipment, Inc.—
Common (reduced)
—
Agricultural
Insurance
Co.
(Watei

6-30

6-25
5

7-20

7-

7-25

7-15

75C

7-

1

6-15

Artkraft

Arundel

Mfg, 6% conv. preferred
Corporation
(quar.)

Asbestos

Corp,

Class

class A_

Air Products,

6%

$2.50

—

Inc.,

Corp.

Products

7-

1

$1.06'A

7-

1

6-10

1

6-30
7-

$3

1

6-20

7-

50C

6-

preferred
Goods

—

common

dlass

D

(reduced)—

—

preferred A (s-a)
—
4% % preferred B (s-a)
American Bosch Corp, common
—
1
5% preferred (quar.)
—
American Brake Shoe, common
4% convertible preferred (quar,).—u_i—
American Can Co, 7% preferred (quar.)
American Car & Foundry—
i
7% non-cum preferred (quar.)———
American Cast Iron Pipe Co, 6% pfd. (s-a)
American Casualty Co. (Reading, Pa.) —
4% %

...

—

6%

Crystal Sugar Co, com. (quar.)__
prior preferred (quar.)..—
—
Cyanamid Co, common (quar.)
3%% preferred (quar.)—
American Dairies, 7% preferred (quar.)
American European Securities—
American Express Co.
(quar.)—
;
American Felt Co, 6% preferred (quar.)
American Fruit Growers, Inc
4%%

2nd

preferred

7-

1

6-20

$1

8-

1

7-

5

93%c

8-

1

7-

5

1

6-14

7-26

6-20

6-30

6-

9-10

8-15

7*

—

7-

1

6-10

$25c

9-

1

8-

7-

1

6-15*

75C

7-

1

6-15

25C

7-

1

6-16

5J/2%

Automatic

3

6-15

Automobile Insurance

6-20

Avery
6%

1

6-16

7-

1

6-

6*

Avon

7-

1

6-

6*

7-

7-

1

6-15

7-

1

6-15

7-

t

6-15

pfd.

(quar.)

(resumed)

6-20

8

6-24

18%c
30c

1

6-20

7-

1

6-10

$1

7-

1

6-10

&

$2.25

7-

1

6-15

Backstay Welt Co. (quar.).—Extra

1

7-15

7-

$1.25

8-31

8-15

Ealdwin

50c

6-30

6-17

Baltimore

6-17

7%

preferred

$1.75

6-16*

7%

preferred

7%
6

6.28*

-

'7-

1

$5

American

6-30

6-15

4%

7-

1

6-17

7-

1

6-17

7-

1

6- 3

Bank

of

87 %c

7-

1

6-

3

Bank

of New

$1.75

7-

1

6-22

Bank

of

6-20

Bankers

4UU

6-30

6%

American

6-17

6%

1

6-15

Bankers

25c

7-

8

6-24

Barber

7-

1

6-

Barker Bros.

participating
Trust

Oil

Co.

7-

1

>0-13

Co.

3

7-

1

6-20

4V2 %

7-

1

6-20

Bartgis

Y.)

(N.

Y.)

$1.75

6-16

7-

1
1
1

6-15

7-

1

6-

9*

$1.75

7-

1

6-

9*

7-15

6-30

Co.

9-

1

8-22

6-30

6-16

7-

6-17

1

7-

1

6-27

4Vs%

7-

6-20

$3.50

7-15

6-30»

45c

Bausch &

4%

prefeired

7-15

6-17

7-

6-16

(accum.)

_

Co._

Bell

7-

7-

50c

6-28

6-13*

7-

6-13*

7-

1

6-15

Beneficial

Corp, $6

$1.50

7-

1

6-

8

Beneficial

Industrial

7-

1

6-

8

$3.25

6-17

preferred—
(0.61828

Snuff Co,

common

7-

1

6

7-

1

6-

7-

1

6-

2

35c

0-30

30c

(quar.)
American Sugar Refining Co.—
7% preferred (quar.) ———
American Surety Co. (s-a)_

7-

1.

$25c

7-

6-

7-

1

6-

3

Loan,

Hedges, $2

conv.

6-27
2

2

5-31

$l5c

7-

1

7-

$25c

(s-a)

v

-

$1.75

(s-a)_,

American

Tobacco

American

Woolen

American

Wringer

Amer,

Co,
Co,

6% pfd, (quar.)_
7% pfd. (quar.)_u_
(reduced)

Co.

—

Yarn & Processing, 4% pfd. (quar.)
Zinc, Lead & Smelting—

2

6-

$1.25

American Telephone & Telegraph Co.
(quar.)
American Thread Co, 5% prefened

7-

7-

1

6-10

$2.25
12 %c

6*

7-15

6-15

7-

5-31*

1

$1

7-

1

6-15

American

$5 prior preferred (quar.)
Amoskeag Company, common
$4.50 preferred (s-a)
Ampco Metai, Inc. (quar.)
—

—

Anaconda

Copper Mining Co.
Anchor Hocking Glass
Corp.,
$4 pieferred (quar.)
Anchor

Post

Products,

common

preferred

1

7-

7-

1

6-14

Bloch

7-

$2.25

7

1

6-14

Blub

Diamond

6-15

Blue

6-

7

Bohack

50c

7-15

7-

6

5 Vi %

7-

1

6-24




$1.50

$1.50

s-

1

7-22

11-

1

10-22

1-31-50

1-21

25c

,0-30

6-17

15c

—

pfd.

7-11

6-24

$56%C

8-

1

3%%
Boston

6-16

7-

1

6-14

62'/2c

7-

1

6-14

7-

1

t$1.12%
$$1.12%

7-

1

6-15

62 %C

7-

1

6-15

15c

7-

1

6-15

—
—

-7

(quar.i__

1

6-22

7-

2

6-30

;

6-28

>25c

*

6- 8
6-20

7-25

$15c

7-

2

G-15

J$1.50

8-

1

6-22

$$1.25

t$2

Mortgage Corp.

.

Steamship Lines, Ltd.—

7-11

6-10

2

$5c

7-

2

6-10

$15c

7-

2

6-10

$10c

7-2

6-10

7+

non-cum.

Varnish

preferred (s-a)—
Co, Ltd, 5% pfd.

Breweries,

(quar.)

+

5%

(quar.)

1st preferred

—

—:

—

Participating

7-12

1

60c

non-cum

convertible preferred

(quar.)

Participating

—

$1

convertible preferred

Ltd,

Celanese,

Cottons,

Ltd,

preferred (quar.)_.
Canadian Dredge & Dock Co,

6-20

6-15

1

6-22

6-30

6-13

6-30

Canadian

$1

6-20'
:6-25

6-J30
6-30

:

.7-8;
1

,6-20
>

6-17

—

<

n-

Co.

Ltd,

(quar.)

(Winnipeg)

——

Canadian

General

Investments,

,

\

,6-15

16-15

1-

0

1-

«

7%

1

1

5-31

$$1.12%
$$1.12%

.7-

1

5-31

$75c

7-

1

6-

$$2

7-

1

6-15

$20c

$20c*

,

-

$50c

6-30

1

6-15

•7-

2

6-20
6-30

7-15

6-15

6-28

6-14

$$1

7-

2

6-11

$$1.25

7-

2

6-11

$$2

7-

2

6-11

8-

1

7-

6-30

5-31

1

6-22

60c

7-

1

6-16

$2%
preference (s-a)
Canadian Refractories, 4%% pfd. (quar.)— $$1.12%
$$1.12%

Co.

.

7-

$$1

7-

Railway

7-15

3

$$1.75

$17%c

40c

non-cumhlative

..

5-31

7-30

Canadian
4%

6-20

2

•

Indemnity (Winnipeg)
(s-a)—~
Industries, Ltd, common (quar.)

Pacific

10-

7-

—1

preferred (quar.)!
—
—
Canadian Ingersoll-Rand Co, Ltd. (reduced)
Canadian Oil Cos», 4% prd. (quar.)
—
5 %
preferred (quar.)
—8% preferred (quar.)
—

7"

$1

;ii- 2
2-2-50

7-

Ltd.-,-;—

Canadian Ice Machine Co, Ltd.—

Canadian

6-16

'6

8-

7-

Corp, Ltd.—
Ltd. (quar.) —

Electric,

7-15

7-15

7-

$40C

Investment

General

6-15

1

1

2

■

.

1

$25c

1

7-

6-

$183Ac

common

7-29
7-29

6-

7- 2

—

—

(quar.)

Canadian

Canadian

2

$25c

—

(quar.)

-

Ltd.—

—

Products,

preferred
Canadian Foreign

Class A
6-15

A

Insurance.

4%%

6-20

6-30

class

Food

6-10

7-

$30c

'

(quar.)—

.

i'ire
Semi-anrjual

ti-10

$70c

{

$43 %c

6%

Canadian

6-10

6-30

$25c

common

Common

6-10

6-30

*

$35c

preferred (quar.)—
preferred (quar.)

Canadian

1

6-30

tl5c ;

(quar.)

common—

$1.75

6-22

7-

6-10

$25c

non-cum

6-17

6-28

3

$25C

60c

Canadian

6-15

1

7-

.,

6 15

1

7-

?$5

,

7-

25c
-

6-15

H5c

Machinery Corp, Ltd. (s-a)
—
Ltd. (quar.)..
Permanent

7-

$1.06'A
—

Life

Assurance

Co.

+

—-—

$25c

25c

i

$2.50

(quar.)

6-16

6-27

—

6-10*

7-

87%c

Albany RR

6-27

15c

25c

HOC

y—

6-15

$1.37%

(quar.)__

Boston Herakf-Traveler Corp.
Boston Insurance Co.—

7
15c

(quar.)—_

7-11

6-28
>

20c

—

(quar.)

(quar.)

(quar.)

1

7-

$1

Corp, common
preferred (quar.)_

&

5V'2% conv. pfa.
Manufacturing Co, Inc.—

2

6-30

25c

Borg-Warner

6-10

6-15

1

40c
Club

1

1

7-

6-28

$1.50

Class B

Book-of-the-Month

7-

7-

8-

6-15

25c

Ami, class A (quar.).

7-30

50c

34 %C

8-

6-30

50c

Corp.—*

Brass Corp

3-15

(quar.)

5%

6-23

37M»c

Corp. (irreg.)
:
Company, Inc.—
prior preferred (quar.)

6-15
7-30

8-15

62 %c

$31c

1

(H. C.)

Bohn Aluminum &

62'Ac

7-15
6-15
i

$$1.25

7-

15c

(quar.)„

1

$31'Ac

8-

50c

25c

(quar.)

6%

1

7-

6-30

$1.05

Ridge

6-29

Bon

~~
J

preferred

Tobacco,

7-

27c

Canadian

"

6-30

$1.50

—

convertible
Brothers

75c

$1

,

(quar.)
.Anderson Prichard Oil (quar.)
Angerman Company, Inc.
Anglo-Canadian Telephone Co.—
4%% preferred (quar.)

5%

IOC

Inc.

6% prefeired (quar.)
6% preferred (quar.)
6 %

III
IIIII
I
.1

—

8-

75c

28c

6-28

,

'12%'e
15c
} 10c

"

1

Bforizb; Ltd.; common----.^———
preferred (quar.)—
—
Canadian Canners, Ltd, common (quar.) —

25c

—

Birmingham Electric Co, 4.20% pfd. (quar.)
Black & Decker Mfg. Co. (quar.)—
Bliss & Laughlin, common

$1.25

(s-a)

-

Service

1

S-

.

6-15

30c

,

6-10
6-15

7-

75c

62c

(quar.)

(quar.)

Water

7- 1

,

6-15

6-20

Inc.

75c

6-30

,

6-20

Son,

$3.50

——

5-31

1

&

6-30

(quar.)-

6r

1

Bird

7-14

Corp.

6-16

7-

Birdsboro Steel Foundry & Machine Co

1*

6-30

1

7-

6-10

7-14

1

50c

6-15

$2.50

2

50c

7-

1

participating (s-a)
2nd preferred (s-a)^__—-

cum.

7-

3

7-

$1.50

€-30

7-

6-

7-

6-30

is-a)_

7-14

7-

1

——

6-30

7-14

t50c

7-

Bingham-Herbrand Corp, common
5% convertible preferred
(quar.)_
Bink's Manufacturing Co.
(quar.)——

6-30

,

7-14

preferred

B

7-14

25c

25c

_

31 'Ac

$1.75

7-15

1

$5

preferred

*5%

1

$1.50

s

common

A

6-30

fractional

01:

•

25C

A

6-27

8-15

7-30

Ltd.v (qri4ft)--^—:——

7-

i_

tS3.50

v

.1

9-15

Canadian

7-22

Co

$ 25c

7-15

50c

—

6-15
6-15

y'r'-U

dividend

(no

non-cum.

Canada

6-20

Machine

li-

-

ft-SO

(quar.)_
Canada Southern Railway. (s-a)____—-----

6-20

Bird

1

Canada

1

Inc.

7-

7-

6-15

1

Eickford's,

31'Ac

1

6-13

7-

$1.75
15c

Corp.

I T Financial

Canada

,

,

7

6-15

6-15

7-

Extra

7

1

50c

(quar.)

7

10-

1

Canada Northern Power Corp,

6-15

50c

Bethlehem Steel Corp, 7% preferred
Bibb Manufacturing Go.
(quar.)

7-

•

(irreg.)—
preferred (quar.)
Best Foods, Inc. (quar.)

8

7-

6-30

81V4C
$1

,,y

7-

10-

7-30

$5

(quar.)

6-17

7-28

7-15

$3

,

1

7<-

6-30

37Vfec
v

If 1

6-10

$1.12%

Canada

5-31

7-

40c

6-1&

1

7

Canada

5-30

7-

$$1.75

common

pref.

(J

$$1.50

*

6-

7-

Co.—

1st preferred (quar.)—
prefeired B (quar.)
Canada Dry Ginger Ale, common
$4.25 preferred
(quar.)
Canada Flooring Co,: Ltd, class E

6-10

50c

0

6-30

28'Ac

„

——

5%

6-10

77-

6-101

$1.75

'

4V2%

6-15

25c
35c
.

7-

6-20

130c

l

Company, com. (quar.)
(quar.)
—
Canada Bread Co, Ltd, common—
;

6-14

4%

6-15

35c

Co.

7-

r
2

$1.50

Campbell (A. S.)
$2.50 preferred

6-14

Common

6-17

(Ind,)—•

(quar.)

preferred

Bessemei Limestone & Cement Co.—

2

$1.50

Insurance Co.

Benson &

1

50c

Stamping

7-

7-

7-

7

preferred (s-a)

Camp

7-15

75c
84%c

!

—

Camden Fcrge Co,

6-15

8-

Telephone Co. of Canada (quar.)
$50c
Aviation Corp.
(qiiar.)5f0c

preferred (quar,)—
$4 preferred
(quar.)——
Benjamin Franklin Hotel Co.—

6-20

6-30

6-15

7-

6-28

7-15

90c

120c

;

(accum.)-

H.)

(P.

Class

Bendlx

5

25c

•___

$3

6-20

7-15

6-30

6-30

$1

6-28"

7-15

75c

——

Buildings Co.^—

preferred

7%
C

6-22

40c v

6-28

6-28'

^

'

7-15

|40C

(quar.)—
—-—
5V2% convertible preferred
(quar.)
California Packing Corp, common <quar.)__
5%
preferred (quar.) ——

75c

;

6-28'

7-15
-

15c

preferred (quar.)_—
preferred-(quar.)
——.

non-cum.

Common

(quar.)

6-10
6-10'

,

25c

(quar.)_.

California Electric Power," $2.50 pfd.

——

Baystate

1

^

convertible

$3

1

1

7-

7-15

Manufacturing Co.—

§.60%

$1.121/a

t

„

6-20

10-28,

6-30

1

7-

IOC

t30c

6-22

1

d40c

—

7-15

7-15

6-30'

1

(quar.)___——

€-30
7-

7-

d$1.75

(quar.)

$3 non-cum. participating preftrred

Optical Co.

7-15

50C

1

6-17
!

r

-

B

Class

(quar.)—

Corporation
(quar.)—
Beatrice Foods Co, com. (increased quar.)_
■3%%
convertible preferred (quar.)
Beatty Bros, Ltd, new com. (initial)
Beaver Lumber Co, class A (quar.)
$1.40
preferred (quar.)——
Beech Creek Railroad Co. (quar.)„
Beech-Nut Packing Co. (quar.)——
Belding Corticelli, Ltd, common
7% preferred (quar.)
Belgium Glove & Hosiery Co. of Canada,
Ltd, commoh —
5% preferred.(auar.)_——

0-30

Class A common participating—____——

Baumann

LOmb

93%C

7-15*

6-30

7-28

'$$1.75

—__

6-17

7-30

50c

6-15'

10-28.

50c

preferred (quar.)
(Ludwig) Si Co.—

1

t30c

Class

1*

Baumann

Ludwig

7-

90c

Common

6-24

5c

(quar.)„^

6-17'

SI

——

(participating)

shares)—.

6-10

7-

56J4c

Manufacturing Co, common

6-17

1

*30C

Byrndun

7-

(quar.)—-

50c

Co._

1

—

(quar.)—'

25c
u

6-10

$3.50

(s-a)

1

7-

—

California
Bates

6-15

7-

preferred

7-

1

25c

pref.

7-

10c

pref.

7%

6-10

Corp, common (quar.)—

Bastian-Blessing Co.

6-15

7-

7%

20c

Markets, Inc.)
4% % pfd. fquir.)
Butterfly Hosiery Co, Ltd, com. (quar.)—

6-

(quar.)„

1

(Name changed to Thorofare

7-

(tiuar.)

7-

(quar.)

Butler

7-

Corp.—

Bros.

7-20

$1

(quar.)_

6-15

$1.25

Butler Manufacturing Co,

53c

Avenue

6-21'

1

A

7%

30c

(quar.)

1
1

7-

B

Bush Terminal

12-13

7-

40c

$1.75

Corp. (Philadelphia)
preferred (accum.)

$1.25

& Light, $6 pfd.
(accum.)—

Reserve Insurance

Stores

6-20

(quar.)

common

Fifth

(N.

10c

Power

preferred

Securities

1

7-

Co.—

—1

preferred (quar.)—

$1.20

6-20

1

—

Company (bi-monthly)
Optical Co. (quar.)—.

(American States

York &

Ycrktown

7-

10c

Participating

American

1

7-

$1.25

■

~

Co, Ltd.—
r...
A pref.
(participating)

4V2%

s

3

50c

Manhattan

the

$1.50

(Chicago)

News

9-

7-

4(4%

$1.50

10c

Co.

Insurance

!

6-22

77-

15c

Class

Bush

'i*

.

7-15'

.

18C

—1——

pfd.

"

$2.50

Class

6-14

1

1-2-50

preferred (quar.)
preferred (quar.)—

30c

25c

—

Fire

American Service Co,
American

Hydro-Electric Co,
preferred (quar.)—.;.

7%

y-

—

Co.—

1

20c

preferred (quar.)——

5%

&

5%
710-

6-30'

1

Class
-

6-30

8%c
8%c
8%c

Company

Class

Corp.—

—

;

Screw

Steel

(quar.)
(quar.)

6-30

*.

6-11

8-

$1.25

Burlington Steel Co, Ltd. (quar.)
Corp, 6% preferred (s-a)_.

Burns

6-24

7-15

$1.50

(quar.)

6

*•

1

Burnham

6-24

6

5c

37 %c

$1.12%

Motorists Insurance

preferred

American

p.-eferred

preferred (quar.)
:
Corporation (quar.)—-—.

$1.12%

97 %C

(quar.)—

7-

Extra

6-15

35C

Foundry Co.
(quar.)

25c

1

Bangor & Aroostook RR. Co.—

31'Ac

iw

7-

Bancohlo

6-20

Metal

Quarterly.

American

6%

Porcelain

6-30

28 %C

CO, Ltd.
preferred (quar.)

American

Company.

7-1

1

12'/2c

—

$1

7-

(quar.)

Co

i

25c

American Machine &

American

Inc.

T.),

Wilcox

1

7-15

7-

(reduced)——

7-

(B.

'

:

Building Products, Ltd

7-

Babbitt

7-

6-16

6-30

*"

2

8-

—

Co.—

(quar.)

25c

.

7-

t$1.50

Niagara Electric, 3.60%

Ayshire Collieries Corp. (quar.)
B/G Foods, Inc, class A (initial quar.)
Babcock

$3

preferred"

6%

Buffalo

Bulova Watch Co, Inc.

6-15

$1.75

3

6-16

Bullard

(quar.)

7-2

1%C

6-30

37%c

2>

3'/2C

6-17

6-15

31'Ac

■"

:

6-

1

2

6-

4'AC

6-17

See

preference A (quar.)
4 % %
preference (quar.)
5% preference (quar.)
American Locomotive Co, common-.
,
7% preferred (quar.)_
—

National

7-

6-30

6-

8

*$1.50

(quar.)

Class B

,

6-15

EOc

conv.

Quarterly

25c
25c

8

7-

-

6-15

—

7-

t40c

Bucyrus-Erie Co, commoh———
:—
7%
preferred (quar.)
—
Budget Finance Plan Inc, class A (quar.)_

6-27

6-14*

American

6-30

7

^$1

(quar.)——

7-

1

1

Co.

6-21

10c

6-

tl5c

(s-a)

6-21

preferred

$5

6-27

pfd,

4%

1

6-29

Corp.

Products

1
1

7>

2

t$1.19
—

preferred

9c
20c
20c

Products,

7-

7-

Metal-

77-

6-

7-

}

Co. <N. Y.)
(s-a)———
Co, common (quar.)

50c

Allied

7-

35C

Molasses

25c
68%c

2

lOd

(quar.)
Brown-Forman Distillers, common (quar.)
4% junior preferred (quar.)
$4 preferred (quar.);
————
Brown Shoe Co, $3.60 preferred (quar.) —
Bruce
(E. L.)
Company, common_____—_
3%%
prefeired (quar.)————.

6-15

.

(quar.)

5%

6-15

2

7-1'

7-

Ltd.—

Investing Corp

Trust

Brown-Durrell

6-15

2

7-

6-15

1

7-15

lOd

(quar./——

Houghton Fund, Inc.——„„——
Houghton Fund B. Inc—
AxelFon Manufacturing Co. (quar.)

15C

10c

American

2

7-

(Hartford)—

$2.25

American

American

7-

Axe

50c

American Investment Co. of Illinois—

American

Co.

Brooklyn

6-16

$10c

6-15

7-

$2bc

—

6-30

.6-10

7-' 1

933AC

2nd preferred (quar.)—

Broad Street

6-22

>

17%c
$15c

!

deduced)

(B» F.) & Sons, common
preferred (quar.)

7-15

56%c

————

Products'————

6-15

6-10

4% %

Steel

(quar.)

1

6-30

35c

Ltd, class A—-—

Brunswick-Balke-Collender

—————

commbn

1

7-

6-21

preferred

Co,
preferred

6-29

1

3.90%

Finance

Auto

7-15

7-

American

—„——

75C

6-30

$1.25

B

Class

25C

$1.25

25c

International

6-18

$3

7-

American Hardware (quar.)——i——
American Home Products Corp. (monthly)

7%

6-17.

7-

50c

,—.

(final)
Co,

Power,

1st preferred

6%

6-10

6-30

6-15>

6-30

35c

British Columbia Telephone Co.—

6-10

6-30

6-16 1

Ltd.—

Co,

—

Electric

Columbia

6-15-

6-30

$1.37%

British Columbia Forest Products, Ltd.

7-15

6-30

b2%c
$1.25

City Electric (quar,)——,
Greyhound Corp, 4% pfd. <quar.)_
Atlantic Realty, $6 preierred (s-a;—
—
Atlantic Refining Co.—
4% conv. preferred A (quar;)—:——
3.75% prefeired B (quar.)———.——.
Atlas Imperial Diesel Engine Co.—
Series A preferred
(quar.)
Atlas Thrift Plan, 7% pfd. (quar,)———
Auto Fabrics Products, Ltd, class A (quar.)

$1.50

-

4%

6-14

Co.

Investment

Barber-Ellis of Canada, Ltd,

(quar.)—

American Hard Rubber Co,

1

6-20

2

7-

——-$(>.234375

(qr^r.)

preferred„jiquar.)
preferred (quar.)—-——

6%

—

Associates

$1.18%

(quar.)

American Hair & Felt Co, common.—
$6

8-

6-20

7-15

t$1.50

4% %

7-15

1

& Electric Co.—

Gas

1

7-15

+32 %C

50c

Tobacco

Columbia

British

British
8-

—

Bangor

American

preferred

8-12

7-

$1.50

American

4%%

1

$1

5%

...—

preferred (quar.)

American

9-

30c

6-15

American Cigarette & Cigar Co.—
«

preferred (quar.)
——
$1.50
7%
2nd preferred
(quar.)
—$1.75
Associated Telephone Co, Ltd.—
4 Vi %
prefeired (quar.)_
$22 %c
5% preferred (quar.)
j.
$25c
Associated Telephone & Telegraph Co.—
7 %
1st preferred
(accum.)———
$2.03
$6 1st preferred (accum.)————
$1.74

preferred

Ordinary (final)
Ordinary registered

8-12

Atlantic

6-14

15c

(reduced)—

3%%

8-12

1

$12%c

(quar.),

preferred A (quar.)

British-American

7-30

1

9-

common

Atlantic

1

15C

C

dividend

8-15
9-

Realty Co.

7-

7-1

62 Vic

15c

(reduced)-

class

Stock

10c

40c

Stores

Axe

Common

.1

5-10

6-14

75c

.

'

1

$2

8

7-

6-23

Bristol-Myers Co, 33/4% preferred (quar.) __
British American Oil Co, Ltd, com. (quar.)

9

9-

6-23

40c

*

(quar.)

B

6-

5-30

(quar.)

20C

(quar.)
—
Mfg. Co.—.

clsss

6T21

6-33

1st

6%

93%C

American Bemberg Corp.—
Common class A (reduced)
Common

a—

1

(quar.)———
Atlanta Laundries, Inc, $2.50 1st pfd. (s-a)_

37 Vic

Co

American Bank Note, common—v

preferred

7-

6-25

1

7-

25c

(quar.)—

convertible preferred

6-11

7-15

HOC

Bridgeport Gas Light (quar.)——————
Briggs Manufacturing Co.——
Brillo Manufacturing Co, common..———

6-15

6-20

75c

Amalgamated Leather, 6% preferred (quar.)
Amalgamated Sugar — ,———
American Aggregates, 5% pfd. (quar.)—
American Agricultural Chemical Co. (quar.).
American Alliance Insurance (N. Y.) (quar.)
American Bakeries (Increased quar.)
6%

——

1

6-17

1

'

._

preferred (quar.)—.—.
Bridgeport Brass Co.—

6-10

7-

6-20

40c

(quar.)__;

$3.75 preferred
(quar.)
Aluminum Co, of Canada, Ltd.—
4%

6-30

7Vic
25c
$30c
$30c

(quar.)_

6-17:

1

7-

(interim)

(quar.)

6%

6-17

1

7-

75c

1st preferred (quar.)_.
Brazilian Traction, Light & Power, Ltd.—

6-17

7-

37 %C

Ltd.

Mines,

5j/2%

6-17

(quar.)

$1.30

6-17

1
1

1

Aluminum Co. oi America

Aluminum

1

77-

6-30

2%C

40c

—-

Mfg>, common (quar.)

Portland Cement

Alpha

37%C

6-10

25C

(quar.)_r—
(quar.)
(quar.)

Inc.

Allied Stores Corp, common
Allis-Chalmers

1

7-

25c

(Initial)

6-17
8-

6-15

(quar.)

Associated Dry Goods Corp,

8-15

6-15

7-15

$15c

Associated Chain

1

6-30

50c

common—.——

preferred

conv.

20c

(quar.)

5-28

7-

6-15

6-16-

1

31'Ac

(quar.)—.--

& Sons

J.)

Brantfcr^ Cordage Co, Ltd, com.

(J. H.) Hardware,. Ltd.—

A

5-28

$1.05

1

12 %C

(s-a)—

preferred

A

Class

9-15

6-29

Realty Co.—

Laboratories,

Allied

1

6-15

7-

Bralorne

6-15

(quar.)-

(quar.)

6-29

50c

Inc, common

AUianceware,
Allied

10-

10-

preferred

Brandtjen & Kluge

9-15

Quarterly

$4

Corporation

series

25c

.

Ltd.

Co,

$4

(quar.)
—
4*/4% preferred (quar.)__
———
Alleghany-Ludlum Steel Corp, com. (quar.)
Allegheny & Western Ry, guaranteed (s-a)Allen Electric & Equipment Co. (quar.)—,
Alliance

6-30

6-20

$2.50

4.20% preferred (quar.)

Alabama Power Co.,

Alden's,

6-24

Construction

Metal

Ashdown

preferred

participating

Alberton

8

&

.

,

1

7-

25c

—

Youngstown RR. Co.—
5%
preferred (s-a)
Alabama Great Southern RR.( ordinary

Akron Canton

7-

25c

—

6-20

preferred

6-23
6-15

1
1

—

convertible

6-30
7-

6-22

6-39
7-

$1

6% prior preferred (quar.)
(E,

6-30

25c

(reduced)

Botany Mills, Inc, common
5%

7-21

$1

——_—i—'

Reduced quarterly
Boston
Wharf Co—;

Brach

6-30

20c

Property Trust.—
& Warehouse—

Boston Storage

6-23

6-30

Personal

Boston

6-10

6-^0

59%c
50c

B

4%%
Art

n,

8%C

Corp, (quar.)

*

1

7-1

(quar.)

preferred

7C

Affiliated

Ainsworth Manufacturing

$7 pfd.

15C

—

Affiliated

4

$1.12%
25c

(quar.)——.——-————_
Arkansas Western Gas (quar.)——
Armco Steel Corp, 4Vi% preferred iquar.)_
Armstrong Rubber, class A—-——

$1.25

7-

0-30

(quar.)

7-

7-

$8

6-20

$3
$1.25
$1.25
15c
$1.75
$1.50

(quar.)-,

62 %C

Surety Co. (quar.)Aetna Life Insurance Co. (quar.)v..—
Aetna-Standard Engineering Co.—

7-

$1

—

37 %c

Aetna Casualty &

6-1

6-20

$1.75
10c

—___

(quar.)
preferred (s-a)

Arkansas

8

7-

Mills

Cotton

Common

6-17

7-28

6-30

Payable of itee.

Share

Name of Company

Holders

When

Per

Payable of Itee.

f 15c
$$l

—

Monday, June 27, 1949

Holdera

When

Co.—

7%

40C

Adams

■I

5c

prior preferred (quar.)
Applied Arts Corp——

50C

't¬
CHRONICLE

Share-

7-25

-----

Participating

)

Per

$$1.15

—

f'J

I

FINANCIAL

&

7-

Ltd.—

partic. pref; (quar.)—

*

I

$25c

$1.25

Abraham & Straus, Inc—
Acadia-Atlantic Sugar Refineries,
Class A

I

COMMERCIAL

Payable of Rec.

Share

Company

V*

■

—

7-15

1

6-28

(2793)

FINANCIAL CHRONICLE

&

COMMERCIAL

THjS

Numtfer 4815

Volume 169,

.

49

—

'

'

'

.

Silk Products—

Canadian

$1.50' class

-

Ltd.—

WaUpaner: Manufacturers,

Canadian
Class

A

Class

B

(quar.)^__

Ltd»

Canadian

Wirebound

Co.,

Westinghouse

$1.50' class
Class

B

Co.,
Co.

'

(quar.)

Carthage
6%*

Corp.

W.) "Company

Carter MJ.

A

Case

.,

,

Co.", common (quar.)
(quar.)
Ltd., common (quar.)__

.»

(quar,)

non-voting

Common

Extra

preferred fquar.)
Centliv'rc Brewing
es

Bank

Hanover

Central

Hollywood Building

Central Illinois Electric & Gas.,

com.

4.10%

preferred A
(quar.)
4.10% preferred B (quar.)
Cehtral Illinois Light Co., 4%% pfd.
Central Illinois Public Service Co.
4%

Maine

Power,

Central

N.

3.40%

Y.

Power

preferred

Central

Co. (quar.)
Soiith West Corp.

Central

&

States

Electric

6-

25cv,

32Vic

1

6-15

7-

1

6-15

7-

1

6-15

prior preferred

6-

7-

2

6-2

6-30

6-17

7-

1

6-17

7-

1

6-17

7-30

Transit

Steel Co.,
Bank

7-

8

7-15

6-30

5
5

6-15

7-

5

6-15

„

7-

5

6-15

"7-

5

6-15

7-

1
1

6-17

Common

3%%

conv.

1

6-17

7-

1

6-17

7-

1

6-17

;; 7- 1

6-10

"7-

.

6-30

6-10

1

6-10

Common
Common

7-

9-

4%%

Quarterly
7%

'1—±2l

Water Co.

preferred

City Investing.

City Stores Co., com,
Class A (quar.)

6-15

1

6-20

7-

8

6-20

7-

1

6-15

6-30

6-20

7-

8-

—

(quar.)_

7-23

1

6-10

6-30

6-15

6-30

6-15

7-15
10-14

8-

1

1

1

6-

8

9-

8

6-20
6-15

6-20

1

6-15

1

7-20

$1.13

(quar.)
—
$1.12%
Climax Molybdenum Co.__
—
30c
Clinchfield Ccnl Corp. (reduced quai.)
25c
Clinton Industries (monthly)
20c
Clinton Trust Co.
(N. Y.) (quar.)
25c
Clinton Water Works, 7% preferred (quar.)_
$1.75
Clopay Corp.,* class A__^._:
$4
Cluett, Peabody & Co.
—
4% 2nd preferred (quar.)
—
SI
7% preferred (quar.)—$1.75
Coast Counties Gas & Electric Co.—
4% preferred A (quar,)-.—.—,—--—-y—
Coca-Cola Bottling Corp, (Cincinnati)—
r_, ■
$2.50 class A iquar.)
C3c
Coca-Cola Eottling Co. of St. Louis <quar.)_
25c
Coca-Cola • Company, ?. common
$1
$3 class A' (s-a)__^
»l-50
♦

International Corp.*. common
—7

$7.50
*3
62%c
„

;

+20c

6-24

1

7- 8

1

$1

7-

1

6-15

25C

6-28
6-30
7-

6-21

7-15
7-15

—

1

7-

6

1

7-

6

6-15

1

6-15

7-

1

6-15

7-

1

6-15

7-11

6-27

t$2

7-

2

6-15

7-

1

6-10

$1.13

7-

1

6-10

'20c

of

Creameries

Inc.

class

$1

Cork

Crown

& Seal,

&
&

50c

4%%

6-16

Darling

7-

1

6-22

Davega

6-27

6-

7-

Davis

Dun

7-1

6-20

$1.50

6-30

6-14

1

7-

1

25c

7-

1

6-23

5%

8-

&

Frere,

Coal

6-20

1

7-

1

6-20

7-

1

7-

2

6-15

7-

1

6-18

6-30

6-10

7-

1

6-20

7-

1

6-20

7-

1

6-10*

4%%
6%

Eell

Si

$6

6-15

7-

1

6-15

Debenture

7-

1

6-15

7-

1

6-15

Decca

7-

1

Decker

8-

1

Dejay

5%

&

preferred B

Easiern

Stores,' Inc.

.

7-25

7-

8

7-25

7-

8

75c

7-

1

6-15

7-

1

6-15

30c

9-

9

8-19

9-30

9-20

$1.12%

7-

6-16

6-28,,

6-17

12%

7-11

5-20

7-11

5-20

*62 %C

6-30

6-15

25c

(quar.)

25c

1

7-30

7-18

$1.25

7-15

6-15

—

deposit

re¬

—

pfd.

Ltd.—
—

(quar.)__

1

6-15

25c

6-30

6-10

30c

7-25

7-

7-

6-15

7-

25c

tl%C

—

2

7-19

$1.50

7-

9

1

7-

1

6-15

$1.50

$1.12%

(quar.)_

7-

1

6-15

$1.75

7-

1

6-

3

$1.50

7-

1

6-

3

1

A

(accum.)

Ry.—
1

preferred A

(quar.)

$1.50

12-15

12-

1

6%

preferred B (accum.)

6%

preferred B

Eastern

Racing Association,

Common

(quar.)

6%

Kodak

preferred

Co.,

Class

6-15

El

Paso

Electric

6-14

El

Paso

Natuial Gas

2

7-

6-30

6-17

common

6-20

Electric

6-17

7-

1

6-17

(initial

Boat

Electrical

6-16

Electro

10-

1

9-16

Elizabethtown

6-15

Elizabcthtcwn

Water

75c

7-

I

6-10

37 %c

7-

1

6-17

—±

1

6-20

7-

1

6-10

30C

6-30

6-14

25c

1

6-17

1

6-24

7%
Elmira

50c

7-

1

25c

7-

1

6-17

50c

—

6-17

7-

1

6-21

125c

6-30

6-15

(quar.)

common

t25c

6-30

6-15

25c

6-27

6-13

37 %c

6-30

6-10

$1.25

7-

1

6-16

$1

7-

5

6-15

&

6-21
6-20

Equity Corporation,

1

6-23

Equity Fund, Inc. (quar.)
Erie Flooring & Wood Products,

7-

7-

5c

6-21
6-16
6-15

1

—

7-

15c
M

' ('•
.

t;'j,

.

iT -ft;,- ViH

6-15

1

60c

Erie

$5

$5

class

A

20c preferred

<

1

6-21

6-30

6-23

6-30

6-13

'V

62 %c

7-

1

6-13

7-

1

6-13

70c

7-15

6-28*

60c

7-15

6-28*

50c

7-

1

6-15

25c

6-30

6-15
6-15

7-

1

7-

1

6-20

7-15

6-30

t25c
75c

7-

(s-a)„—

8

6-24*

7-30

6-30

40c

7-

1

6-20

$1

7-

1

6-20

5C

7-

1

6-15

lc

7-

1

6-15

7-

1

6-

$50c
—

10c

5c

6-30

$40c

3

6-30

6-17

Ltd—

(initial)—,

preference

Railroad Co.

7-

6-20

$1.65

Participating

1

2

6-15

Co.

1
class A (quar.)—
Empire Trust Co. (N. Y.) (quar.)
Enamel & Healing Products, Ltd
Endicott Johnson Corp., common (quar.)
4%
preferred (quar.)
Equitable Credit Corp., 20c partic. pfd
(s-a)

7-

6-30

6-20

1

68%C

Empire Brass Mfg.,

7-

12 %C

1
1

7-

$1.75

Wllliamsport RR.

preferred

77-

25c
.

6-28

f$2.50

6-20
6-13

$1.25

...

15c

conv.

6-22

1

6-30

6-30

$2.75

—

50c

$1

7-

25C

(quar.)

preferred

7%

6-24

17 %C

—

Ely & Walker Dry Goods Co.
7%
1st preferred
(s-a)
6% 2nd preferred (s-a)
Emerson Drug. 8% preferred (quar.).
Emerson Electric Mfg. Co., common (quar.)

7-

6-14

7-11

50c

Gas (quar.)
Consolidated (s-a)

Co.

preferred (quar.)
5%% preference (quar.)

7-

6-20

1

$1.50

(quar.)

(quar.)

5%

37 %C

1

7-

$1.25

(Calif.)

Products Corp.

Refractories & Alloys

Co.,

7-

50c

(quar.).

'

-

7-

$1.12%

(quar.),

Quarterly

$1.12%

■

6-10
6-15

Consolidated

6-30

6-10

6-15

6-30

20c

9-16

6-16

1

1

1

$1

6% preferred (quar.).——
Storage Battery Co.
(reduced)
Electrical Products Consolidated
(Seattle)—

1

7-

6-15

7-

6-30

Ferries,

7-

$1.75

1

12 %c

(quar.)

pfd.

$2

9-30

(accum.)

6-15

7-

75c

Co

Co.,

7-

6-15

6-30

75c

$1.25

——

6-15

(quar.)

50c

—

6-30

quar.)

Co..

$1.25

9-15

3

6-15

Electric

1

3

6-

Co.—

preferred
Electric Controller & Mfg. Co

6-17

1

6-

1

$1.06%

(Texas); $4.50

Auto-Lite

Electric

1

7-

1

50c

(quar.)

pfd.

Manufacturing

6-30

10-

7-

7-

12 %c

Corp.,

partic.

New

6-30

$1.12%

6-17

Brothers Stores Inc.—

Edison

7-

$2.50

6-20

1

7- 2

—

preferred (s-a)
Ltd., ordinary
Eddy Paper Corp., common
:

25c

(quar.)

1

40c

prior

Elder

1

7-

12 %c

6-30

9-17

6-20

77-

*25c

(quar.)

common.—

6-30

7-15

10-14

$1.50

common

8-12

6%

Ecuadorian

1

15c

(quar.)

Corp.,

11-

25c

(quar.)

(resumed)

B

Paper

7-15

25c

—

—

Easy Washing Machine Co., Ltd.
Easy Washing Machine Corp.—
Class A .(resumed).
Eaton

1

Inc.—

j.

preferred (quar.)
Eastern Steamship Lines
Eastman

8-

$1.50

(accum.)_.

1

9-30

$1.50

$1

Electric

uv

,

9-

9-

30c

ui-'o

5

9-15

4%%

—
'

6-15

1

$1.50

$2

(quar.)

7-

7-

(quar.)

8-12

$1.12%

(quar.)

Co.

6-20

A

preferred

$1.25

pfd
Securities Corp. of Canada—

Manufacturing

Massachusetts

1

1

—

preference (s-a)
Records, Inc. (quar.)

5-28

1

7-15

25c

(accum.)

$1.05

(irreg.)——i

6%

1

7-

20c

(quar.)

$7 pfd.

Corp.

9-

De

1

States

6-13

5% pfd. (quar.)
pfd. (quar.) —
(quar.)
—

7-

preferred

prior

7-

RR,, 8%

Richardson

7-

50c

$1.12%

preferred (accum.)

7-15

Malleable Iron Co.,

Long Hook & Eye Co
De Pinna
(A.) Company,

6-20

& Fuel Associates—

Gas

8-15

Mills, Inc.——_—
Ltd.,.class A (quar.)—

De

1

$1.75

Oil Co., Ltd
1
Pennsylvania RR. (s-a)__

$1

—

6-15

I

7-

♦ $1.75

1

3%

40c

(quar.)
common (s-a) — _—

7-

1

7-

Company

Eastern

6-18

:

$1.50

preferred

7-20

7-

(quar.)
Duval Texas Sulphur Co. (quar.)—
East Coast Electric Co.
(quar.)_„

Elliott

Chemical

7-

7-15
7-15

87 %c

Corporation (s-a)
Light Co., 5% 1st

Duriron

6-23

4

7-

$1.75

& Michigan

11-15

$1

—

Duquesne

$1.75

Dayton

1

81 %C

preferred (quar.)

Duplan

6%

$2.50

(s-a)__

Co. (reduced)
Corp. (quar.)—

8-15

12-

7-15

Bonus

..

& Coke

6-17

1

6%

$1.50

(quar.)—

1

6-29

$1.12%,

common.

Dunlop Tire Si Rubber Goods Co.,
1st
preference
(s-a)
—

6-23

common

(quar.)

Co.,

preferred (quar.)
,Sc Bradstrect, common

4%%

15c

Dayton
9

6-20

7-

87 %c

(quar.)
—
(quar.)—————_
5% pfd. (accum.)

Stores, 6%
Stores Corp.,

preferred

5%

Davison
6-10

'

6

87 %C

(quar.)

common

6-10

(quar.)

East Leduc

6-17

6-17

6-30

Davenport Hosiery
David

1-

\ 6-15

7-15

J50C

preferred (quar.)

6-13

1

6-15

*7-1

50c

Co.,

River Mills,

1

7-

7-1

$1.13

30c

prior, preferred

$4
Dan

6-27

7-

7%

Power

6-17

4%%

7-

1

Duke

6-17

4% %

7-

9-

40c

(quar.)
(quar.)

preferred

1

$2

preferred (quar.)
preferred (quar.)—
Curtis Publishing Co., $7 pfd.

Tobacco

I.)

preferred

$3.50

7-

30c

pieferred
preferred

5%

6-15

2

■

7%

5%

(E.

Pont

$4.50

;• 7-1

40c

$1.25

B

Cuban

3

7-15

*25c

Dunlop Rubber Co., Ltd. Amer.
ceipts for ordinary (annual)

25c

common

1

6-

*15c

preferred (quar.)
de Nemours & Co.—

convertible

5%

6-10

(quar.)

Tissue Co.

6-

7- 2

Laboratories—

B)

6-30

(quar.)

A

7T 2

tl5c

$1

6-15*

common

Forster Securities Corp

&

(Alan

Mont

Co.

preferred

8%

7-

——

1

preferred

Crum

8-15

8- 1

*$1.75

(quar.).

7-

of America—
(quar.)
Forster, 8% preferred (quar.)
Forster, common (quar.)
Steel

9-15

(quar.)

preferred

4%

Co.

93%c

iquar.)

Curlee Clothing

6-

Du

Furniture

4% % preferred (quar.)
Dunhill International, Inc.

preferred (quar.)_;
preferred (quar.)

Crucible

6-30

*37 %c

A

6-17*

2nd

$4

7-29

(increased)

common

1

(quar.)

Corp.,

Zellerbach

8-17

J40C

* 15c

7-

25c

Ltd.

7-17

8-31

25c

$1.37%

(quar.)

A

6-17

7-29

-

6-17*

Works—

6-20

6-30

Drexel

Cork

Crown

6-28

6-30

(quar.)

A

6-15

$1

Milner, $3 prior preferred
International Corp.—

Crowley

6-28

7-15

*25c

(quar.)

1

40c

America,

Crompton & Knowles Loom
6%
preferred (quar.)_

6-15

7-15

8-19

tlOc

1

7-11

,

class

7-

Corp

Wheat

of

Cream

Ltd.

L.),

(R.

6-10

7-15

Co., Ltd.—

6-30

pfd. (s-a)_

5%

7- 2

J25C

Ltd

(quar.)—-—

25c

common

Corp.,
(quar.)

t35c

25c

Co.,

30c

(quar.I

Teiry Shoe

•W

6-10

1

$1.50

& Sons,

(C. B.)

preferred

6%

6-15

6-15

9-

$1

5

12 %c

12-15

1

8-

8-19

75c

preferred A (quar.)———
Courtaulds, Ltd.—
American
deposit
receipts for ordinary
(final)
——

Craddock

6-30

Lomason Co

Draper-Corp,
Dravo Corporation,

du

Corp

6-30

6-30

6

,

12-21

6-20

6-

7-

dividend

Cottrell

6-30
6-30

7-15

(quar.)
:
$3.25 2nd preferred (quar.)
Dow. Drug Co., 7% preferred (quar.)—

Eastern

$1

7-30

7-15

t44c

Mudge, Ltd.—

&

$4 preferred

53C

common

tl7%c

(quar.)_

common

Linoleum

Ltd.

Dow Chemical Co.,

30c

(quar.)

6-30
6-20

Quarterly

tl6%C

—

7-15
6-30

(monthly)

&

Industries

Dover

8-20

7-18

J50C

&

Douglas

6-20

1

6-10

tl2%c

(quar.)

convertible

$1

6-20

9-

25C

6-13

6-10

1

*35c

Ltd.,

(quar.)
Co. Ltd., com.
preferred (quar.)

Donnell

5-31

„

1

7-

17 %c

(quar.)

preferred

6-20

preferred (quar.)
7% preferred (quar.)—.
Cuban Atlantic Sugar Co.,

8-

Stores,

7%

6-13

t50C

1

7-

6-25

t25c

Oilcloth

Common

6-15

•

10c

10c

pfd.

70c

Fields

Dominion

7-

(Del.)

Cuban-American Sugar Co.,

1

7-1

$1.50

6-11

6-27

62 %c

(quar.)

Oil

Dominion

$1

6-15

9-

6-17

$1.12%

&

6-15

'7-10

6-30

8-

9

8-

2-6-50

3-1-50

25C

—

9-20

6-30

Class

1

1

12 %c

Crystal

7-

10-

preferred A (quar.)
Glass Works, common (quar.)—_
3%% preferred series 1945 (quar.)_—
3%%_4)referred series 1947 (quar.)
Coronet Phosphate Co
:——
—

6-17

6-30

6-20

$1

,

75c
25c

♦

Dominion Tar & Chemical

—

6-30

_

1

10c

Reynolds

6-20

1

(quar.)

Inc.,

Co.,

preferred

East

6-10

7-

7-

7%

Dominguez

6-10

1

1

6-20

7-15

1

7-

1

$1.12%

6-30

50c

7-

$1.25

quarterly

&

1

9-

(quar.)

Stores

Glass

Dominion

$1.31%

7-

7-

5

7-22

Class

8-

5

6-17

6-30

6-30

5

7-

1

7-

30c

7-

25C

Co., common

Oil Co.

7-

:

non-cum.

8-22

Crum

$1.50

7-

1

1

50c

(quar.)

Foundry

6-20

25c

1

8-

J $ 1.50

(quar.)_^

6-20

1

75c

prefeired (quar.)
Dominion Foundries & Steel, Ltd. (quar.)
5%

10c

(quar.)
of America,

1

25c

3

8-

8-

6-30

7-

7-

$1.50

(s-a)

Corp

Products,

$5

Crum

8-15
6-17

Home

$1.62%

5%
1

Theatres

Corp..: 6%% pfd. (quar.) —
Copper Range RR. Co., 5% non-cum. pfd.__
Cornell Du.bilier Electric Corp.—

$4.20

$1.37%.
62%c
$1.50

6-

10c

(Peter)

Cooper

Crown

preferred




6-10

1

1

Builders- Supply——
llil.
Cleveland Eleotric Illuminating Co.—

r

Crain

30c

--r ■

6-18

7-

9-

—

—

7

7-

——

Foil Co., 5% preferred (s-a)
Cockshutt Plow Co., Ltd. (quar.)—

7-

$1.25

Cleveland

Cochran

7

6-15

$2

Multiplier Corp., common (quar.) —
2%c
(stock dividendr4%
(stock .dividend)——
4%
■5%' preferred (quar.)—
67/8C
Clearfield & Mahoning Ry. is-a)—^—
$1.50

(s-a)_

6-

6-15

7-

Common,

A

1

$1

1

7- 9

25c

Formerly San-Nap-Pak Manufacturing Co.
Dome Mines, Ltd. (quar.)
Dominion Dairies,
Ltd., common—
—

10c

$5.25

6-30

$1.75

pfd. (quar.)

1

7-

7-

Dixie

50c

Corning

6-28

$1.75

6-20

55C

Continental Gin, common (quar.)—
:
4%%
prefeired (quar.)
Continental Insurance Co.
(N. Y.)
(quar.)_

Corroon

Common

-Class

6-20

8

1

Clary

Coca-Cola

6-23

7-

*

<$4.50

-1

6-

2

7-

1

8-10
11-10

50c

:

Dominion Textile

Baking

Continental

$2.50

1

7-

47 %C

Machine Co., com._
5% convertible preferred (quar.)_——

1

7-

3

7-

75c

__—

preferred

Reduced

7-

<quar.)—

Products, Corp. (quar.)—
City Railway Co. (Dayton», com. (quar.)—-nonrcum.
preferred (quar.)——:

Coip.

Continental

6-27

(Pa.) —

City

(s-a)

Continental

7-

7-

6-

1

8-15

11-15

(see,Walt Disney Productions) —

Doeskin

(Chicago) (quar.)
(quar.) —
$5.50 preferred (quar.)—
Continental Can Co., $3.75 preferred (quar.)
Continental Copper & Steel Industries—
„

1

7-

$3
30c
10c
50c
75c

1

7-

Continental Assurance Co.

6-20

6-13

—-

of Washington

Co.,„5%,%

7-

6-15

50c
*25c
45c

7-

$5

6-17

50c

(quar.)

pfd.

$3

Cup Co., common
Class
A
(quar.)

25c

6-24

6-20

5

6-30

Co.—

Dixie

Disney

Corp.

Cigar

preferred

Container

6-15

'

Citizens

District

6-11

common—

preferred

$4.52

6-30

25o
25c
$1.12%

6-11

1

■

'

$1.25

(quar.)

1

7-

8-10

1

6-30

75c
87%c

(quar.)

7-

$1.75

Retail Stores, common (quar.)
.4%.%- jpreferred (quar.) —
Consolidated Textile Co., Inc. (reduced quar.)

.,.,,*$,4,50

6-10

1

7-15

75c

Paper.

$1.50

.

2Vic

preferred (quar.)_
Chipman Knitting Mills, 5% pfd. (s-a)
Chirisliana SecuriHes, 7% preferred (quar.)
Cincinnati Gas & Electric Co.—
4%. preferred iquar.)
Cincinnati Intcr-Terminal RR. Co.—
4%
preferred (s-a)_
Cincinnati, New Orleans & Texas Pacific Ry.
5% preferred < quar. )_—
Cincinnati & Suburban Bell Telephone Co.—
Chillicothe

-

,

7-

1

(quar.)

6-U

Power

Consumers ,Gqs.,Co. (Toronto)
Consumers Power Co.

r\

6-18

6-30

6-30

Common, (quar.)

6-10

1

Consolidated

6-15

& Quincy RR.—
Chicago Mill & Lumber Co. (quar.)
—
Chicago Molded Products
Chicago Pneumatic Tool Co., ccmmon__—
$3 preferred
fquar.)
Chicago, Rock- Island & Pacific RR.—
preferred series A
Chickasha Cotton Oil

-

6-30

Chicago, Burlington

1

—

&
&

Consolidated Paper Co. (quar.)—
Consolidated. Pgpq£jCorp., Ltd. (s-a 1
Consolidated.JPress, Ltd., class A (quar.)

1

7-

preferred (o.uur.)

5%

6-

6-30

$1.12Vi
50c

iquar.)

Raynolds Co., class A
(quar.)

Giorgio Fruit Corp,

7-

7-15

50c

pfd.

5%

Products-.

Match

6-27

7

7-

40c

(quar.)

B

7-

+$3.50

6-15

Rivet Co.

&

Class

1

$1.50

6-17

7-

1

(quar,)
Chesapeake & Ohio Railway Co.—

Clieiry

Inc.,

Ltd.

ada,

7-

(quar.)

7-

Devoe

6-17

1

$1.37%

preferred B (quar.)
4% preferred C (quar.)
Consolidated Investment Trust (Boston) —
Consolidated Lithograph Mfg. Co., Ltd
Consolidated Machine Tool, $6 pfd. (quar.)
Consolidated Mining & Smelting Co. of Can¬

6-15

7-

$1.12%

<N. Y.)

Co.

1

8-

Co. of Baltimore

7-

25c

(quar.)

Co.

7-

Steel

8-15
6-15

9-

$2

(s-a)

(irreg.)—_ ■
(quar.)

Co.

1

7-

50c

Stove,

preferred

Detroit

Bridge

6%

4%%

„

50c

Ltd

& Trust

5%

8

9c

(quar.)
—
Consolidated Dry Goods Co. (quar.)—
Consolidated Edison Co. of N. Y.—
$5 preferred
(quar.)
Consolidated Gas, Electric Light & Power

8

7-30

i

Light
Power

Consolidated

7-

$1.04

preferred (quar.)
Chapman Valve Mfg. (quar.)

Chemical

40c

43%c
37Vic
37Vic

$4.50

Chatcc

2

2

20c

(quar.)

6-

6-30

37 %c

preferred (quar.)
preferred (quar.)_:

40c

7-29

—

1

—

Light—
$1.90
(quar.)
preferred
$2 preferred
(quar.)
$2.20 preferred (initial quar.)

2

8-31

(interim)—

Detroit-Michigan
37 %c

i—

Connohio,

7-

Champion Pftper & Fibre Co.

Charleston

Quarterly
Connecticut

,

15c

—

6-22

Co.

50C

Connecticut
-

.

40c

preferred -(quar.)

Century Shares Trust
Certaln-Teec" • Products—

„

6-15

6-17

85c

'

—

(quar.)

S. A.

"6-30

1

Co.—

Violeta' Sugar Co..

2

4%

w~~

—

^

2

6-

5

7-

30c
30c
30c

preferred A (accdni.)
B (accum.)
—L——
6% pieferred C (accum.)——
Central Vermont Public Service—

4Vi%

7-20

5

6-

6% -'preferred

'4.15%

1

2

7%

Central

6-15
6-23

M

Paper

Central

1
1

30c

(quaiJO

7-

& South Western RR.

1

6-30

30c

Co.

International

Detroit

1

7-

$1.02%
—
$1.02Vi
(quar.)* $1.12%

Corp.—

50c

Edison

Detroit Hillsdale

9

participating preferred (s-a)
6%
participating preferred (s-a)
Diamond T Motor Car (quar.)__

87Vic
$1.50

(quar.)-Power,-com.

6-9

Di

6-H

$1

Central Ohio-Light &

6-

6-30

Diamond

6-29

10c
$1

preitrred (quar.t
C% -preferred
iquar.)

6-25

6-30

90c

—

7-11

90c

60c
50c

6-14

7-15

Socl¬

3.50%

35c

(initial)^——

7-25

7-

12 %c

Corp

Tunnel

Canada

6-16

1

common——

Detroit

Southern Ohio Electric—

<te

1

7-

(quar.)

preferred

Central

6-20

7-

*

(quar.)

6-30

6-30

6-30

6-11

.

7-15

Detroit

Co.——
4%. pfd. (quar.) —
Commonwealth & Southern Corp. (Del.) —
$6
preferred
(accum.)
Commonwealth Water, 5%% pfa. (quar.) —
Commonwealth Water & Light—
$6 preferred
(quar.)
$7 preferred (quar.)—
Conestoga
Transportation
(s-a)
Connecticut Fire Insurance Co. (quar.)—
Connecticut General Life Insurance Co.—

6-20

(initial)—

Co.

2c

15c

(Washington,

6c

1

(quar.)

Co.

Trust

&

Central

6-15

$1

1

:

1

7-25

8-1

$2

Investment

7-

37Vic

1-

7-

7-25

8-15

$1.75

Supply

Loan CoM

7-

25c
25c
37%c

—

25c

6-20

8-15

J

(quar.)

Co. of N. Y., 7% pfd
Stockholders approved plan to redeem
above issue at $110 per share.
Denver Union Stock Yard Co. (quar.)
Detroit Aluminum & Brass Corp. (quar.)
Dentists'

1

25c

A

common

stock

debenture

$8

6-10

7-

25c

Co.,

Commonwealth

7-

.

6-15

6-10

6-30

common

Commonwealth

7-

—

6-15

1

6-30

12 %c

(quar.)

6-15

7-

—2—'

Extra

1

7-

Mfg,

Voting

$1

(quar.)__

7-11

$1
$1.50
60c

.

7-

Mines

Co,

Dennison

6

25c

(quar.)

Consolidated

Insurance

Title

6-

pfd.

$4

Co.—

preferred

convertible

5%

Payable of Rec.

92 %c

Light,

(quar.)
Rubber

&

6-15

8-

preferred (quar.)
*$1.75
Corp." of America, common
—
60c
$4.75 1st preferred (quar.)—.——$1.18%
7%"'2nd preferred, (qua?.) —
—
$1.75

.i

■' '.iV

7-

Cehmefce

v

6-20

12 %C

Commodity Corp. ——
Commonwealth
Edison Co.
(quar.)

11-15,

7-

7%

Corporation, com. (reduced quar.)-5V preferred
(quar.)—
;
Centra! Aguirre Sugar Co
—
Central Fibre Froducts Co.—
Common voting (quar./
——

1

6-30

Tire

1

8-

tl5c

Celotex

7-

25c

&

Power

preferred

6-30

<

a———

6-20

$3.70
Denman

7-

u

——.

preferred

'Extra

.

.

.

*

58%c
„.40c
$1.75
*15c

,

——

Plywood Corp.
preferred (quar.)L—

Cassidy's,

'

10c

t(quar.)

(Ji I.)

7%

1

5c

Cascades

3% %

12-

$2

(quar.

(quar.i
(quar.)

B

8-15

$1
12%%
12%%
50c

common J

Inc.,

Mills,

preferred

6%" preferred

6-15

-

(quar.)

Co., 4% pfd. (quar.)__
ordinary A (interim)
Ordinary B <interim)!
.
Carrier Corp.; '4%• preferred- (quar.)
General

1
1

50c

»

7-1

—

Commercial Credit Co., common (quar.)
3.60%
preferred (quar.)__
Commercial
Naticnal
Bank & Trust
.(N. Y.)
(quar.)
Commercial Solvents Corp. (quar.)—

8

6-

1

(

'.

$1.50

(s-a)__

C.)

Columbus &

7-

*25c
93%c

Ltd.,

&

D.

6-24

9-

37%c
37 Vic
J

6-20

(quaf.')l

Rexall

Columbia

Columbia

6-21

1

7-

$1.25

Telephone & Telegraph Co.

Carriers

7-

65c

"

_

Carpenter Paper
Carreras

7-

6-14

1

-

•

-preferred * (quar.i

Carolina

6-16

New .common,
r

Capv/ell, Sullivan Si Furth, Q% pfd. (quar.)
6% preferred <quar.).-.^_
Cardy Corporation, Ltd.—
.
.
Class'A (reduccaii—j_
Carnation Company. 3%% 1st pfd. (quar.)_
Carolina Fower & Light; common
(quar.)—
•

"6-16

7-

a

Capital'Transit Co. iquar.)—-—^
Capitol Records, Inc.-^$2.60 convertible -preferred, (quar.)

$5

6-10

7-

75c

,

Ltd.—
(quar.)li__
—

preferred A

7-

6-30
7-

$1.50

comtnon__^_

B

i(W.50c participating preferred
\
Participating

75c
50c

——;

87 %c

68 %c

Iron Corp. (quar.)
Bakhig Co., common....

Columbia

,,6-14

1

.

Share

of Company

Holders

When

Per
Name

Payable of Eec.

Delaware
..

(quar.)_

preferred

Fuel Si

Colorado

„

8

Co.,

preferred

$6

15c

:

_x_

Ice

Colonial

8

75c

v..

-

Capital' Administration Co.,
$3

."

6-15

.7-

*37%c
(quar.)

common

(ouar.i

Shoe

Cannon

Boxes,

7-

7-15

450c.

Lrd. (quar.)—
Ltd.—

Share

;

$2.75

Radio,

—

(quara

A

Mills

Cannon

.fc

7-22

7-

Canadian Western Natural Gas
Canadian

j>

7-8

7-22

t$l
tSl
tlOc

—

Lumber,

Western

Canadian

Collins

-

;

—

1

_

5-31

6-30

t37%c

Name of Company

Colgate-Palmolive'-'Peet Co.—
$3.50
preferred
(quar.)

-

(quar.)

A

.

Holders

When

Per

Payable of Rec.

Share

'•

Holders

When

Per

' •

-

Name of Company

•

•

*

preferred A (quar.)
preferred A (quar.)

$1.25

^—lj—_

9-

1

8-15

(1.25

12-

1

11-15

f>

I,

i'.

r

"

f ?•

I t

When

Per
Name

Erwin

Mills,

C.)—

(N.

Co.

Mills

Cotton

Esmond

Share

of Company
5% 'pfd;

Ltd.,

Excelsior

Co.

Insurance

Factor

General

25C

-

Y.)

7-

1

Insurance
class A

(Max)

7-

1

6-10

preferred

414%

6-30

6-

7-

3

1

6-10

1

9-10

30c

7-

1

6-11

5814 c

7-

1

6-11

37 (4c

6-30

6-15

George

7-

6-15

Georgia Power Co., $5

Y.),

N.

cuse,

(quar.)
Frocks, Inc. (quar.)
Park, Inc., common (quar.)

Fashion
Fashion

Common

Federal
Federal

Chemical,

Federal Fire

Inc.

preferied

6%

Insurance

(quar.)

of Canada

Co.

—

Co.

Insurance

Common

J.),

Bank

(John

Feltman

&

Shoe

Curme

&

Y.)

Glens

Glidden

Bank

First

National Stores,

First

Godchaux

$4.50

6-20

Gold

York

Corp.,

(N.

Y.>

7-

7

7-

1

Light

&

Public

4%%

pfd.

1

Dairies,

preferred

Formica

6-16
6-16

6-17

Great

25c

6-30

6-15

75c

7-

6-24

20c

1

(quar.)

7-

1

1

25c

7-

1

preferred

(quar.)

37 (4 C

7-

1

preferred

(quar).

37 (4 c

10-

1

"

Canada,

Companies, Ltd., common.—'
preferred (quar.)
a
Grain & Malting Co.; Inc.—w
Common (quar.)
4% %

preferred

(D.

6%

B.)

&

convertible

(George

Fuller

& Co.

Trust

Funsten

4Va%

Co.

(R.

E.)

<N.

(Robert)

preferred

6%

preferred

Gannett
Class

B

convertible

Electric

Garfinckel

4Mj%

(J.)

& Company, common

Packing
(Theodore)

$1.60

6-20

7-

1

7-

1

Power

1

6-30

6-30

General

General

American

Common

$4.25

25c

6-30

Box

Builders

5%

conv.

20c

7-

1

General

4%

Co.

Cable

1

6-

77-

*$1.38

1

6-

convertible

General

6%

Controls

1

preferred

common

10c

7-

1

6-17

7-

1

6-17

75c

7-

1

General

8-

1

3-

General
General

General

5%

"V

,

7-

$2

10-

1

1

7-

1

6-

8

Hayes

Heinz,

2nd

common

1

7-

1

6-14

25c

7-

1

6-15

1

6-15

37 Vac

7-

$5

Inc.,

$3.75

1
(extra)-.

Paint

Corp.,
2nd

Products

Class

7-

1

Class

Cement

Mfg.

preferred

(quar.)

louar.i

5

Inc.

General Refractories Co.

40c preferred

(s-a)__




6-25

20c

6-30

6-22

7-

6-15

1

6-

Group
of

$1.25

7-

1

6-

7-

1

1.

912-

1

11-

8%

1

6-

6%

7-

6-

1

6-30
7-

1

1

1

Co.,

7-

1

6-30
1

7-20

7-

7-

2

15c

7-

1

$1.25

7-

1

June

30

at

$1.12 Va

7-15

50c

7-15

tlOc

——

6-30

25c

25c

6-30

Rug Co., 5%

7-25

1

7-

1,

1

6-10

Holland

7-

1

6-10

Hollinger

6-28

6-

6-27

6-20*

20c

7-

7

6-15

7-

1

25c

7-

1

6-30

$4

1

6-23

15c

(quar.)—

•

6-30

.

6-20
6

6(4%

6-

6

7%

7-

2

6-17

Iowa

7-

1

6-18

Iron

'

.

(The)

6-17

27(4c

7-31

6-30

7-15

7-

7-

6.30*

1

1

6-15

6-20

*75c

6-30

6-16

*$2

7-*2

6-20

7-

2

6-20

7-11

6-27

25c

7-

6-20

1

*37(40

7-15

6-21

1

35c

7-15

}60c

(quar.)

8-15

6-15

of

.'I

2

6-

7-

2

6-

7%

9

Corp.—

7-

8-

1

i'7- 5

$1.50

7-

1

6-15

$1
$1

6-29 '

7-

97-

1

7-

$1.20

6-22
6-15

6-30

6-15

50c

7-15

$1.50

!

pfd. A
(accum.)

9-

7-

1

6-15

*75c

7-15

6-15

13c

7-15

6-30

37(4c
25c

(accum.)..

8-

1

8-

1

4334c

1

7-19
7-19

6-30

405/8C

s

6-30

6-15

.

6-15

$1.50

pfd.

Mfg. Co.

1

6-24

1

6-20

Quarterly
Irving Trust

t

50c

6-30

6-20

Island

Creek

$6

preferred

Co.

(N.

Ccal,

Public

(quar.).._

T

6-15

7-

1

6-15

'

:

7-

$1.62(4

(accum.)

3.30%

6-15

9-15

Island—

(accum.):

Light,

6-24

1

25c

(quar.)

7%

7-

40c

Inc

Rhode

6-22

1

6-30

$1.25

;

(quar.)

,

of

6-10
8-12*

>

10c

(quar.).

pfd.

6-15

1

30c

6

6-15*

,

1

25c
—

—

$6

1

4334c

(quar.).—

common...

Stores

7-

6

6-

1

75c

(quar.)

6-

6-29
7-

5

7-1

$1.75

6-15

82(4c

7-

1

6-15

30c

9-

1

8-10

30c

Fireman

Jamaica

6-17

1

t834c
(quar.).

(quar.)..
Co.,

B

>6-17

6-30

8-

(quar.)..

com.

preferred

preferred

6-30

t$l 75

....

pfd.

Corp.

12-

1

11-10

20c

7-

1

(quar.)—
Y.)

$3.50 •:'!6-30

:•

(quar.)..—

Service,

r

6-

6

75c

7-

1

6-23

$1.50

7-

1

6-23

*25c

7-

*$1.75

common

—

(quar.)—
Ltd.,

(quar.).

25c

7-15

$1.25

6-,l

7-15

*5c

7-<5

6-20

1

1

v;

j.,

.

1

6-30

.

2

5-31

xl34%

7-

2

preference

C

xl(4%

7-

2

preference D

(quar.)-__

xl(4%

7-

2

Jamaica

Water

$5
.

preferred

$5

6-

3

'

Supply

Co.

com.

Class

(quar.)

$1.25

B (quar.)
Bridge System,

B

5-31
5-31

—

preferred

A

5-31

-

'

class

6-30

6-15

$1.25

6-30

6-15

$2

,7- 1

6-15

A-

$2

7-

1

6-15

5%

Telephone Corp.—
prefeired A (quar.)

$1.25

7-

1

6-15

6%

1st

$1.50

7-

1

6-15

-

Jamestown
7-

2

50c

,

7-

(quar.)
(quar.)

James River

7-

1

0-30

5-31
6-17

Jefferson

Ltd.—

—i
"

(quar.)__

B

5%

6-17

7-

62 VaC

<7-

5-31

A

preference

5%

7-19

2

7% 'preference

5-28

6-

2

5

$1

7-

1*

6-16

'*

9

*$1.12(4

America

Co.

Co.,

&

7-15,

7-

50c

(quar.)

preferred A
Power

v

6-15

7-

Ltd.—

s

Company,

Co.

7-

lv.'

7

$1

Corp,

preferred

::7-

*6c

.

6-30

75c

Department

:25c

! 11:

6-

6-17

20c

Co

Telephone
Corp.

t

'

1
1

$1.50

preferred B
Iowa Electric Light & Power—
6% preferred C (accum.)

6-

1" !

6-14/

7-

7-

40c

(quar.)
Telegraph Co.

6(4%

1

,

_

1

1

7%

.

•

Salt

Electric

1

(quar.)—1

■

H [- 3

.

Co.

.

7-

(s-a)

Chemicals

Trust

6-30

25C

.'.-v..

6-24

par)

convertible

7-

for redemption
share plus this

"

m-

($5

Ocean

50c

prior pfd.

:.

&

Management Fund,

Iowa

6-20

Whitney

m;

1

Participating preferred
(quar.)
Participating
3.

6-20

6-30

6%

*25c

(quar.) i

■-

■'

9-

7-

1

$3

...

Investors

7-

—...

.

9-10

2(4c

(s-a)

com.

Investors
'

$1.50

Co. (quar.)_
1
Consolidated Gold Mines,

0■

6-27

J;

preferred

prior

40c

common

Furnace

preferred

vt:•
'

7-

(quar.)
Investment Foundation, Ltd.—

6-23

7-

*25c

Hollingsworth &

1

50c

(quar.)

Bakeries

Investment

6-15

Paper Co. of Canada, Ltd.—

Quarterly

1

6-

Y.)—

(quar.)—

Utilities

Intcrtype

6-10"

1

Quarterly

50c

6-

6-30

Products Co.—

Silver Co.,

5%

6-25

7-

(initial)

common

1

6-30

Paper, common (quar.)——
preferred (quar.)..
...

Interstate

7-14

7-

•

&

6-

*$1.06(4

*40c

Minerals

pefcrred

Interstate

6-15

1

91V4C

(quar.).

8-

6-30
8-

$1.37 Va

per

6-10

6-30

*$4

(quar.)

preferred

$4.80

6-30

1

45c

...

New

preferred

Interstate

6-20

$1.12 Va

_

$100

7-.1

137(4c

(quar.)

Interstate

5-26

7-

75C

(quar.)

V 7-29

Hinde & Dauch

A

43%C

Bartlett

9-10

$1.06(4
common..

common

Industries,

International

6-30

.......

Spencer,

6-10

1

Powders, Ltd.—
preferred (quar.)

International

6-20

—

30c

common

8-10

1

Ltd...

$4

6

$1

(Called

1

710-

20c

International

6-20

(quar.)

Co.,

(s-a)

9-

$1.25

(quar.)

Ltd..

Co.,

International

6-15

—

Company,

Lid.

International Shoe Co.__^
$1.50

6-17

6-17'

3c

Holdings,

7%

6-15

1

1
1

(quar.)

International Nickel Co. of Canada, Ltd.—
7% preferred ($100 pa;*) (quar.)

6-16

6-30

7-

7-

—

Metal

4%

6-10

7-

35c
12 Vac

7-15

7-

17c

Harvester

International

*20c

(quar.)

40c

37(4c

Common

6-10

(quar.)

com.

(quar.)

$1.25

America

Cellucotton

International

6-10

25c

&

6-10

Bronze

partic.

4(4%

6-15

—

common

1

(s-a)_

Class

6-15

;—

pl'd.

6-20

7-

'''

6-15

7-

7-

;

6-17

1

com.

<N.

International

8;

6-30

$1

(quar.)

1

7-

$1.25

International

6-20

—

6-29

7-

Iron Corp.
(reduced)
Steamship Co

International

6-15

6-30

(reduced)

7-29

Quarterly

8

37 VaC

preferred

International

1

6-18

10c

Coal

International

1

7-

8-

2

75c

shares

Co.,

Interlake

6

6-21

7-

*10c

Co.,

Intcrlake

6-21

5-17

1

40c

Semi-annual

8

6-30

$1.03(4

preferred

North

Inter-City Baking

6-10

6-10
6-15

i

Building (Chicago)
Insuranshares Certificates, Inc. (Maryland)—

6-20

(quar.)

Y.)

Hlgbee Company, common (quar.)_
5%
preferred (quar.)——..
Highland Bell Co., Ltd

6-30

.".4

1

Monthly

6-30

-

7-

6-30

1

1

pfd

S3

Exchange

$1.25

...

Hightstown

'

Insurance

$1

Hinde & Dauch Paper Co.—

1

7-15

25c

dividend)

30c

General Reinsurance Corp

,

1

Insurance

Co.—

(quar.)

E.)

Creamery

$1.50

(quar.)

8-

(quar.)

preferred

on

6-29

1

50c

*50c

—

com.

6-29

1

Co.

(quar.)

6-29

8-

Insurance

6-30

7-

7-

Shares—

7 v*

6-15

(quar.).

Co.

7-15

8-

Institutional

7

6-

7-

6-30
6-10

J30c

(interim)..

6-

25C

(quar.)

7-15

$1.50

Investors

1

$3

1

*$1.25

6%
Ltd

7-

$1.50

8-

6-30

6-30

8-

*12(4c

Co.,
Co.,

(John)

6-30

*12 Vac

Co.

non-cum.

Corp.

Hibbard,

6-10'

7-15

issue

$3

(George W.)

25c

common

6-30

*—

(N

tl2(4c

—

(accum.)

40c

Ltd.

Corp

6-15

6-30

Co.

Company,

preferred

7%

6-15

7-

2nd

Glass

J.)

A

$1

Railway Signal Co.,
preferred (quar.):

Inland

$1.12 Va

Refractories

Motors

6-15

1

$1,371/2

General

6-24*

$1.06(4

$50c
$6

1

Co. (quar.)

*$2.50

(quar.)

7-

(quar.)

Munning

Cement

7-11

1

7-

*50c

Public Service.

10c

and class B

A

Hercules

Corp., Ltd.

(s-a)

preferred

General Shoe,

1

7-

25c

40c

B

preferred

preferred

8-

25c

*2c

(initial)

Ingiis

6-17

1

Ltd.—

'quar.)

Ingersoll-Rand

6-24*

:

Insurance
Winkle

Hercules

7-11

9334c
'

—

A

6-11

1

(quar.)

$2

Co

Corp.,

Commerce

—

prefeired

Hershey

$1 pfd.
(quar.)
preferred (quar.)

Class

6-

1

Paper Products, Ltd
Henkell-Clauss, $5 preferred (quar.)

6-10'

1

preferred

2

Hendershot

6-10'

8-

6(4 %

1

8-

Corp.—

7-

1

9-20
12-20

$1.183/4

(quar.)

Silica

7-

7-

9-30
12-30

Industrial Stamping & Mfg. Co. (ouar.)
Ingerscll Machine & Tool, Ltd.—

Co.

class

on

(Walter

7%

'

1

A

of

7-

$1.25

2

6-20

$1

Bank

*5c

1

1

9-

(Madison,

preferred (quar.)

$1.50

:

8-

9-12
6-30

(quar.)

Industrial

6-20

2

$1.50

(quar.)

Rubinstein,

Helme

6-16

7-

7-

8-15

50c

(quar.).

20c

4'4% preferred B (quar.)
Industrial Acceptance Corp., Ltd.,
4(4% preferred (quar.)

6-20

6-30

6-16

—

preferred
(quar.)
514%
preferred (quar.)

6-30

$1.25:

A

6%

2

$1.25

Petroleum. Ltd.

$4

25c

..

(quar.)

Portland

$5.50

7-

7-20

preferred

1

4%

6-20

6c

(quar.)_

Corp.
(quar.)
preferred
(quar.)

General

General

1

15c

___

(Boston)

common

General

5%

7-

5%

6-10

6-20

t30c

Co.

7-20

(quar.)

35c

(s-a)

Ltd.

Co.,

Tobacco,

iH.

Heller

6-17

$1.25

(quar.)_

6-10

6-30
6-30

7-

common—

Cementing

(Calif.)

Fire

Class

Motors

convertible

General

1

6-30

9-20

—

1

6-15

25c
Tool

(quar.)
Indianapolis Water Co., class A
5% preferred A (quar.)

5%

(increased)—--1

8-

preferred

preferred

25c

(quar.)

Industries

Helena

6-17

7-

50c

preferred

General

$1

Mills,

7-25

$1.75

(quar.)

5%

$1.06 Vt

preferred (quar.)
(N. Y.) (quar.)

Paper

Oil

3.65%

6-14

50c

(quar.)_.

7-

4%

1

—

preferred

Bridge

Hazel-Atlas

$1

7

6-10

20c

$5

Well

Oil

preferred

6-15

6-30

9-

10-

A

25c
56(4c

(s-a)

Indianapolis Power & Light Co.,

6-20

J75c

class

6-15

J25c

Industrial

common

6-15

1

Michigan Electric Co.—

prefeired

6-30

*12 VaC

—

2

50c

Chemical

7-15

(Winnipeg)—

Corp. of America, common—
414% preferred (quar.)
...

6-20

v

1st

Instrument Corp
Investors Trust

(quar.)

2

7-

Investors
&

9-15

$1.12(4

Hat

9-19

31V4C

preferred

—

7-

7-

t$1.25

Ltd.—

Pneumatic

30c

25c

6-17

t25c

Incorporated

*25c

*30c

5-31
6-17

6-30

(quar.)

Fuels,

15c

preferied (quar.).—

Hartman

7-18

$2

(quar.)

preferred

General

*

1

3c

5%

&

common—

1

6-30

Lines—

Leased

participating preferred

4Vb %

——

7-

(quar.)

RR.

preferred

Imperiallc

'

5%

6-28

15c

Co.,

Industries,

Indiana

Harrisburg Gas, 414% pfd. (quar.)
Harrisburg Hotel (Pennsylvania)
Hart Battery, Ltd.

5-25

$1.06 V4

Co.—

preferred

1

(quar.)—

Ltd.,

Harbison-Walker

Fireproofing Co.

7%

8-

*62 Vac

6% preferred (quar.)
Harding Carpets', Ltd.
Harnischfeger Corp., common

6-21

pfd. (quar.)_
preferred (quar.)

General

8-15

$25c

Year-end

6-22

1

(quar.)

Electric

56V»c

preferred

preferred

Hanover

1

6-

6-29

(quar.)

General

Gas

(reduced)

com.

(quar.)

Co.,

$75c

(s-a)_

Corp...

Imperial Tobacco Co. of Canada,
Common (increased Interim)

—

6-24

(s-a)_.

Co.

Independent

*25c

Hanson-Van

1

7-

$1

Supply—
4%

Indiana

——

6-30

Company, common (quar.)

414%

1

75C

tt-

Corp.,

6-20

75c

preferred

414%

6-10

7-

class A

(quar.)

preferred

Co.

Co., $6

Hammermill

6-17

*30c

Baking Co., common
$3 preferred
(quar.)_.
$8 preferred (quar.i„u

General

1

7-20

130c

Co.,

Hamilton Manufacturing

6-15

Generai

General

7-

25c

—

Sugar,

Brass

4%

Transportation—
A

20c

Corp

Hancock

(quar.)

preferred

Oil

Hamilton

6-15

6-30

*$1.25

Manufacturing Co.,
American Investors,

6-14

Y.)

9

(quar.)—

4% guaranteed (s-a)
Illinois Commercial Telephone Co.
Wis.), $4.75 preferred (quar.)

1

Realty Co.

Power

Haloid

6-15

$1.12 Va

Genmer

6-23

Ltd.—

Cooperage,

Participating

6-20

34%c

preferred (quar.)
5V2%
preferred (quar.)
Gauley Mountain Coal Co.—

7

7-

Quarterly
Quarterly

6-30

(quar.)

common

7-

preferred
Cement

7-

__a

Watch

Hahn

6-15

6-30

(accuni.)

Co.,

Illinois Central

5-31

6-22

23VsC

5%

5%
Ideal

6-10

933/4c

(N.

7-

6-15

$1.25

6-14

—

Co.

6-15

$1.25

6-14

—

6-15

6-30

12(40

(quar.)

2

6%

6-30

6-30

4.

common

7-

6-14

(quar.)
Gypsum Lime & Alabastine of Canada,

1

7-15

preferred

4%

6-30

6-30

$1.25

Co.,

6-30

..

6-20

7-15

20c

(quar.)

6-30

6-10

8-19

12-

5%

6-10

Gulf

6-15

9-10

12-20

Door

5%
preferred quar
Hydro-Electric Securities

1

(Bait.) 6% pfd. (quar.)
Gulf, Mobile & Ohio RR„ $5 preferred

6-22

1

&

preferred

6-27

$1

1

7-15

tlOc

6-13

t$l

7-

50c
D33/4C

1

30c

7-15

2

Brothers

Sash

5%

6-10

6-20

$1.50

6-30

2

Guilford

7

.

2

6-

50c

pfd.

$1

6-30

Guaranty Trust Co.

7-

(quar.)

7-

6-20

1

JlOc

Intercolonial

& Company—

preferred

1st

Gatineau

Co.

*5c

Huttig

6-10

1
2

(Texas)

Mortgage Corp._
Hussmann Refrigerator Co., com.
$2.25 preferred (quar.)

6-10

;

7-

6-17

37 Vac

preferred (quar.)
preferred (quar.)

1

7-

6-20

$2.50

(quar.)

1

7-

2

7-

(s-a)

7-

(quar.).——

Co.,

Sugar

1

$3.50

—-

1

7-

40c

Gruen

$1.50
—

7-

6-20

7-

(quar.)

common

25c

—

preference

6-30

7-

25c

(quar.)

6-15

$1.50
12 Vac

62 Vac

Ltd

preferred

Halliburton

——

6-15

B

25c

(quar.)—.
Co.,

3

7-

—

common

(s-a)

Garlock

Gary

7-15

6-

1

30c

conv.

5^2%
v

7-29

7-

30c

preferred

Light,

preferred

2

Griess-Pfleger Tanning Co. (quar.)
Griggs Cooper, 5% 1st preferred (quar.).:—
Grocery Store Products Co

561/4 c

(quar.)

7-

—

7-15

Company, Inc.—

Gardner

5%

Co.

*50c

Class

6-30

56(4c

(quar.)_

common

Huron & Erie

6-20

7-15

7-

(quar.)
(quar.)

Galveston-Houston

6-20
6-18

6-21

62(4c

Corp.,

Hubbard Felt Co., Ltd., class A
Humphreys Mfg. Co., common
6% preferred (quar.)
Hunt's, Ltd., class A (s-a)

6-18

1

$1.75

Co.

6%

1

1

7-

(quar.).

Gulf

(quar.)

7-

7-

(quar.)

Saddlery

2nd

Class B

Company—

preferred

conv.

2

6-10

7-29

25c

(quar.)

2

6-

11-25

7-29

1

$1.50

:

Y.)

6-

6-30

Griesedieck Western Brewery

15c

Manufacturing Co

Fulton

6-10

1
1

6-30

Greyhound Corp., common
414 % preferred (quar.)

7 Vac

-

(quar.)

1

7-

6-

1

7-

$2

(quar.)
Howell Electric Motors Co. (reduced)

12-15

(quar.)

Felt

Guantanamo

Company, Inc.—
(quar.)

7-

7-

6- 2

6-29

$1.50

(quar.)

Co.

50c

6-10

$1.50

preferred

A.)

6-15

Oil

*15c

7-

55c

(s-a)

6-30

Houston

—

6-30

20c

(quar.)

preferred

6-20

6-29
7-

tl2,/2c

(quar.)
Gas,

preferred

6-21

7-25

10%

±

6-30

5%

—

preference (quar.)
Steamship Co., Inc.,

Western

Greif

the Loom, Inc.—

non-cum.

Fuller

Gair

dividend

1

8-25

6-30

Froedtert

Stock

7-

1

Natural

1

7-22

$$1.19

,

8-

Houston

9-15

*50c

Fraser

1

Finance

preferred

*25c

*35c

Ltd.——..

7-

preferred (quar.)
Greening (B.) Wire Co., Ltd.—
—.——
Greenwich Water System, 6%
pfd. (quar.).

6%

9-1"

of

7-25

$1.75

7%

6-18

prior

Co.

334%

—

—.—

West

Great

6-15

prior

Foundation

Household

*$5

6-15

common.

6-20

$1

(quar.)

Insurance

convertible

Great

6-15

40c

—

Company, common (quar.)

Inc.

$1.12(4

^quar.)

Hardart Baking (N. J.)
(quar.)
(F. W.), Ltd., class A (quar.)
Gibson, 6% preferred (quar.)
Houdaille-Heishey Corp.—
$2.25 convertible preferred (quar.)

*25c

preferred

preferred

25c

&

6-16

(s-a).

Ltd., class A (quar.)

preferred

Bearing Co.—

Hotel

1

Engineering Works

West

50c

6'20

7-

6%

Corp.,

6-15

10c

Ltd.

Great West Life Assurance Co.

6-15

6%

Foster-Wheeler

1

6-15

1

15c

pfd.

A

1

7-

37 (4c

—

class

7-

A
B

414%

6-15

75c

7-

Canada-

Lakes

Great

6-15

1

50c

.—

_i

Co.,

77-

6-15

(quar.)

Stores,

Lakes

Class

6-22

50c

quar.)_

(quar.)

Kleiscr

&

(initial

Transit—

Worth

$1.50

(quar.)—

1

$1

Ltd. (quar.)
Steel Co
;

preferred

Class

6-20

1

7-

common—

Lakes Paper Co., Ltd.,

Great

6-29

Inc.

American

Great

6-30

7-

4'/2%

Co.

(quar.)—
preferred A (*quar.)

$1.25

Quarterly

1

1

1

preferred

Company

6-24

7-

7-

4%C

Co.,

(quar.)

(quar.)

preferred (quar.)

$2.25
Great

25c

(interim)-..
1st pfd. (quar.)

receipts

Hoover

40c

Toy,

Drug

25c

1

6-17

56 (4 C

Grayson-Robinson Stores—
Common
(increased
quar.)—

8-11

1

1

(quar.)___—

class A

Company,

Fisheries

(W. T.)

Gray

12 (4 c

(reduced)

common

convertible

7-

7-

(quar.)

&

334 %

8-20

1

A

Grand

11-20

9-

&

$1.12(4

preferred

& Company,

Granite City

5-20

1

$1.1834

(quar.)_

i

Foreign Light & Power, 6 %
Foremost

3

9-

Ball

(quar.)

Foods,

Class

6

1

Hoover

(quar.)_

(quar.)

F.)

(B.

Gorton-Pew

3

6-

6-

,,

12-

(quar.)

Ford Motor Co. of France—

deposit

6-

1

7-

$1.12'4

(quar.)—

American

1
1

$1.50

& Chemical Corp
Wallace, class A (quar.)

&

7-

$1.50

.

class A

Co.,

Gordon

6-17

7-

$1.50

Machinery

Fuller

Y.)

(quar.)

.

Grafton

Co.—

Utilities,

Shoe

1

7-11"

(quar.)__

Telegraph Co.

preferred

Grant

(quar.)

Follansbee Steel Corp.

$3

(N.

Goodyear Tire & Rubber Co. of

:i

7-

$1 J

(s-a).—,—

1st preferred (quar.)
preferred

7-

20c

-

$5

6-24

$1

Stock

Goodrich

6-17
6-24

75c

1st

Class B

1
7

*30c

0%

Florsheim

77-

$1.12y2

1

—

6-30

$2

Inc

6%

preferred

1

$1

(quar.)
(quar.)

preferred

6-

7-15

50c

(quar.)

preferred

$2

1st

Power

1

—

r

6%

4'/2%

7-

62 V2C

$1.06Vi

8-

$1.50

Brothers, common (quar.)
preferred (quar.)
*—
Golden Manltou Mines, Ltd. (interim)
Golden State Co., Ltd., common (quar.)
4%
preferred (quar.)

Co.—

Stores

Ltd. class A (s-a)
Fitzsimmons Stores, Ltd.—

$2.20

Co.

$2.50

6-15

6-28

$1.50

preferred
conv.

62 VaC

—

Goldblatt

&

6-21

$4.25

(s-a)

Goderlch Elevator & Transit Co., Ltd.

6-15

6-23

$4.50

25c

6-14

1

6-30

,6-30

6-17

7-

1

12c
25c

7-25"

6-30

6-20
6-20

7-

6-17

6-29

1
1

1,

1

$1.25

1

1

—

Hooker Electrochemical

!

(quar.)
(quar.)

Inc.

77-

8-

1

$1.12 Va

—

(quar.)

common

7-

7-

25c
40c

70c

s-a)—

7-

15c

6-14

7-

6-20

$1.25

(quar.)

1

3c

6-30

7-

Hern

7-

12 (4c

6-10

8-15

15c

$1

Inc.,

preferred

1

50c

(quar.)

pfd.

preferred

7%

8

7-

:

(increased

Y.)

Honeymead Products

(quar.)

common

Sugars,

8

7-

50c

common

(N.

Hook

—

(quar.)
G% pfd.

Insurance

Company,

Globe-Wernicke,

Fittings,

Fruit of

Brick

convertible

7-19

$1.75

National

Foster

6-20
9-20

7-19

(s-a)..

—:

First

Fort

1
1

7-29

preferred

6%

Falls

7-

10-

7-

1

12V2C

(s-a)

6-20

Drugs,

1

8-

,

Horner

Corp.

Distlllciies,

7-29

(quar.)—

pfd.

6%

Company

A

4%

Glermore

8-11

Co.,

6-20

(quar.)

Shale

Dairy

preferred
Insurance

6-30

8-

$1.50

(Boston)

75C

(N.

Co.,

Home
Home

(quar.)

Inc., common

6-30

(quar.)

preferred

$1.06(4

(quar.)

Trust

&

J.)

3'/a%

Forbes

$5

50c

Brewing

Class

Food

6-23

8-16

6-17

6-20

6-30

& Co.,

Holders

7-25

25c

20c

preferred

Gillette Safety Razor Co.,

414%

——

5%
preferred (quar.)
Fidelity-Phenix Fire Insurance Co. <N. Y.)
Quarterly
Finance Co. of Pennsylvania (quar.;
First Boston Corp., common
—

Florida

7-

Co.

(Henry)

6-30

——

25C

(Frank)

Florida

6-10

40c

Extra

f

6-30

Inc.—

Stores,

(quar.)

Publications

Federation

Fcltn

Art

Refrigerator

40c

(quar.)

com.

(quar.)

preferred

Federated

Fehr

Gibson
Gibson

Glen-Gery

•'—

Department

Common

%

(N.

(quar.)

Federated

Gerber

7-15
10-15

m

1

Holt

When

Payable of Rec.

37(4c

„

(quar.).

Company, Ltd.

lc

«

87VaC

(quar.)
Products Co., 414%

1

(s-a)
-

7-

6-17

H.)

9334C

preferred

1

1

1

(George)

8-

$1.50

7-

(D.

preferred

8IV4C

i

(quar.)

common

Fund

Putnam

11-

15c

(quar.)

Semi-annual
Federal

Parts

50c

Shops,

Holmes

convertible

80c

(quar.)
Co. (quar.)

Putnam

$6

6-17

6-30

15c

6-15

$1.06(4

preferred

Genuine

9-15

1

(quar.)
Corp.,

Foods

50c

(quar.)

Bake

10-

$2.50

Common

1

B

$3.50

See

(quar.)

common

Class

General

(Syra¬
$2.50

7-

1

Share

15c

710-

Fanny Farmer Candy Shops (quar.)

5%

$1.06 >/4

preferred (quar.)

50.185625

Farmers & Traders Life Insurance Co.

6-20
6-13

40c

(qquar.)

common

*0.185625

iquar.).

1

55c

.

Max Factor)—

preferred (quar.)
Family Finance Corp., common
4(i%

7-

Company

Holly Development Co. (quar.)
Holly Sugar Corp., common (quar.)...

6-30

$3

(quar.)__

preferred
(quar.)
3%% preferred (quar.)
314%
preferred (quar.)
Genesee Brewing, class A (quar.)

6-30

2

Per

Name of

Payable of Rec.

50c

(accum.)

Telephone Corp., common
preferred (quar.)
Corp.,

Monc&y,- June 27, 1949

Holders

Corp.—

Castings

414 %

*$2

When

General Tire & Rubber Co.—

—

(s-a)-.....

(Toronto)

(see

Steel

General Time

6-15

65C

(quar.).——

(Syracuse, N.

6-18

15C

Life

$6

10-

7-15

*26c

Semi-annual
Excelsior

1

General

4.4%

Inc., 5% preferred
Corporation (quar.)

Eversharp,
Ex-Cell-O

11-

*25c

(quar.)
Estabrooks (T. H.) Co., Ltd.—
4.16% preferred (quar.)

CHRONICLE

Share

Name of Company

7-8
7

8-1

*25c

(quar.)

preferied

6%

FINANCIAL

&

ri,...a

.ISLW

a.

Per

6-24

1

7-

...!

Holders

Payable of Rec.

15c

;——

f

•

COMMERCIAL

THE

(2794)

50

i

i

Jenkins

preferred
Lake

Bros.,

(quar.)

Sulphur
founders

Non-voting common
7% preferred

Co.

(quar.)

10c

6-29

$1

6-30

6-17

25c

6-20

6-17

$1.75

6-30

6-17

shares
a—u._

f

6-13

'

\

,

Share

Company

3%%-- preferred
Broxvn Stores, Inc.—

Jewel
Jini

Johns-Manville,
Oil

Johnson
Jones

preferred

3'/a %

Refining

Co.

MacFadden

6-25

MacMillan

87'Ac

1

7-11

20c

7-

1

6-25

•65C

(quar.)

(quar.)

8-

7-

1

5-

•

(quar.)_

Class

Macy

6

Publications,

»5%

Ltd.,

H.)

(R.

Car

(quar.)
6% preferred (quar.)_
'Publishing Co. of Ottawa, Ltd,—

Kahn'sAE.>-Sens
'

Co.,

(quar.)

common

& Company

Kansas

Kansas

Gas &

Electric

Common <increased

i
-

7%

*

$6

preferred

1

6-

3

7-15

7-

1

7-15

6-18

$5; preferred

Manitoba

:

1

6-11
6-11

7-

1

7-

1

6-15

$4.50
Corp.

7-

Public

Kewanee

7%

■

^

Corp.

America

of

1

6-15

1

6-23

7-

1

6-23

Monroe

Corp.

(s-a)

6-30

1

6-17

1

6-11

Montreal Locomotive

Common

7-15

6-20

Montreal

$75c

6-30

6-14

7-15

6-20

Montreal

$50c

7-13

6-15.

$75c

7- 2

5-27

t25c

7-

2

5-27

t$1.75

7-

2

5-27

class

$7

A

25c

7-

1

6-20

4%

preferred

$1

7-

1

6-17

7%

preferred

7%

preferred

B

75c

7-

1

6-30

6-30

6-15

6-15

6cJo

Marshall

Field

6-30

6-

1

Marsh

6-30

6-

1

&

6-28

Co.,

Sons

&

6-20

—

$1.06'A

pfd. ^(quar.)

4V^/o

Moore

40c

7-

1

6-18

Moore

(Wm.

7-

1

6-24

Morris

Paper

$1.50

7-

1

6-24

20c

________

i
—

43a%

8-

20 '/ac

preferred

Morris

1

6-11

7-

1

6-11

Morris

7-

1

6-15

Morrison

7-

5

6-20

7-

1

6-15

6-30

6-10

Finance,
Motorola, Inc.

'

1

6-24

25c

Plan' Bank

7%

6-30

6-10

Mount

$1.05

6-30

6-10

Mueller

1

6-10

6-30

Massawippi

6-30

Mathieson

preferred

4%%

'

7-15

RR.

Chemical

Port

common

j

j

Klein

4%

>

Emil)

(D.

prefexred

Kroehler

4y2%

&

Mfg.

(quar.)
Co.,

preferred

6-30

6-

6

Murphy

Paint
Corp.

of

20c

7-15

6-30

Murray

6-

3

75c

9-

1

8-15

6-27

6-10

933Ac

9-

1

8-15

6-27

6-10

933Ac

9-

1

8-15

7-

1

6-21

80c

9-

1

8-15

Mutual

7-

1

6-21

10c

7-

1

6-15

6%

preferred

12'Ac

7-

1

6-15

6%

10c

7-

1

6-16

$50c

7-

1

6-15

433Ac

9-

1

43°Ac

12-

1

6-16

1

1-2-50

37'Ac

$3.40

(quar.)
—

Manufacturing Co., common
convertible preferred (quar.)

4-1-50
7-

1

6-22

7-

1

6-13

$1

7-

1

—

3-22

25C

5%

6-13

"

-

Oil

McColl-Frontenae
"

preferred

A

(quar.)

9-27
12-28

$1.12 ya

4%

12-21

.

*

LaSalle

7-

1

Stores

McCrory

Corp.,

common

50c

7-

1

6-25

^

4% conv. pfd. (quar.)
University (quar.)

Extension

5c

6-30

Nash-Kelvinator

1

6-17
6-10

(JohhT," Ltd;. IIII1

Labatt
Laclede

—

Steel

Co

5c

—

:

—_____;

'.A,;
A.

Company

-f.

Stores

1

6-17

1

6-17

7-

6-29

Quarterly

5

•r'•

6-17

6-30"

;

6-30;

6-17

7-

$3

56'Ac.

6-25

1;

"

7-

25C

62y2c.
96 V*

!

1-

*

(

Merchants

1

'7- 1

1

7-20

7-

1

6-15

7-

7-

:*

1'

1

Mesta

78-

8-J

30c

11-'

7-23

,,

•

Lipe-Rollwayj class. A^--—
—
conv.- preferred
(quar.>———

'j: 8- 1

-.

..

'v

^

»

•:• :i. -Original capital;
Original ..capital

i

7., i

.

;

_

$1.10

; «.r

;—;

f..

8-23 ? '*•

,9-10;

$1.10

—

12-10.

11-24

.2-2L

41.10-3-10-50

—

(quar.)_
guaranteed (quar.)
/ Uii, Special guaranteed (quar.)__—
v
Little Schuylkill Navigation RR; & Coal Co.—
-Semi-annual
i2-_———

50c i. yo-io-

!

y- 50C

50c

.

75c

r

57-

$2

10-

i';-

»'

40C

6-17
0-17

•

7.

U

^
.

-

Loeisfs:.(Marcus)

•

"f

87y2C

•

Star

Lorillard

;

;

Cement

Corp.

(quar.)__

(PJ! Company, jcom.

—

-

.

-7-

■;

•''; 25c '

(interim)_---

*

.

7-15'

6-28
1

7-15

6-30

7-15

6-30

.

Lux

'

Clock, Mfg.

preferred (quar.)_




6-15

1

7-

6-30

'

—

7-

1

6-20

_Mississippi

7-

1

6-15

Mississippi

.V.

»

.$L083/4

7-

1

: 7-1

6-15

37 '/2C

6-30

6-15

$1.50

Co.

7-1
7-

National

„

r

'

6-10

7-

1

6-15

7-

1

'6-15

?37y2c

7-

1

25c

7-

6-16

7-1

6- 3

•

$30c

Corp.

Co.,

preferred

"

-P

:

6-14
7-

•

7-1

1

9-

7-

1

6- 3

1

9- 2

Rubber

Shirt

1-1-50
7-20

6-30

6-30

6-10'

8-

1

7-

1

6-15

7-

1

6-15

$1.25

7-

1

25c

7-

1

3:

(quar.)^

$1.25

8-15

25c

6-30

1

(reduced?

New

New

■

1

Fuel

Line Co.

Missouri Poxtland Cement-

S.), Co.'," Ltd..——

Ltd.—

England

New

6-14

7- 1

7-14

6-20

,

(Pa.),

common

10- 2

25c

7- 2

10- 2

20c

1

Haven Gas
Haven

•

6-30

35c

7-

lf

' New

6-15

New

6-23

N.

7-

1

7-

1

15c v ,7r V

.

(reduced)

Co.,

System

$1.15.-,

8-2P

7- 1- :v;8-15

$2Ec

6-30'

6-15

35c

6-27'

6-

7-

_

Y.

3

Co.

1

6- I

6-17

(quar.)

-

;

Public Service, Inc.,

preferred

preferred

A

!'

K

M

.

1

7- 1

»

'6-30'

6-1D
6- 8

!

6-30

7-1

;

$1.06'A

$1.75',
56'Ac

$1.18%

7-

6-15

6-18'

7-..i

?$1

common—

f

'

$0c

"

6-15

6-18
8-20

" > r

J \

•

'i

(quar.)_

■

7- 1' I

..

$1.50

»
"

7-' '11

!

$1.50

40c

-j

6-7

1,

.6-10

,7-

1

i6-15

7-

1

7-

1

6-

6

7-1

.6-

6

$1.75

8-

7-

* 1

1

$1.50

common

York Mutual Telegraph

1

New

N.

(quar.)
(quar.)
New York Tiust Co.- (quar.)__—

Electric

preferred
$4.50 preferred

&

$2.50; 11~ 1

t

6-15

7-20

.

i

6-

3

6-10
6-10

.; ,$2.50
75C

7"

1

6-15

933Ac

(s-a)—

6-10

6-20

State

(s-a)_—
.

6-20

6-16

6-15

$1.12'A

(accum)

2

.•11-15

7- .1

Chicago & St. Louis RR.—

6-30

2

.6-14

13C

'

(qvar,).

6-28

7-

•7-1

-

—•

7-

12-15

6-30

20c

'

P

6-20

7-15 1

U3c

(quar.)______

45c

t$l

5

1

6-30

$1.50

50c

$5'0c

5

7-1

(quar.)___

>N. Y. & Harlem RR. Co.,
10% preferrred (sra)_
Y.

8-

/

25c

■

_____

Ltd. (quar.)
(quar.)_i.

20C

■

6-17

8-

(s-a)

(quar.)
Process Co., 7% preferred

6%

6-23
•v

Orleans

43A%

5-20

$1.10

1

f

50c

(quar.)

pfd. (quar.)_
Jersey Water, $4.25 preferred A (quar.)

New

6-27

$1.10

'

7-

25c

6-30

$1 25

6-15
6-17

8-15

5-31

7-20

1

1

,17'Ac

Co.

New London Northern RR.

6-17

6-15

77-

•8-15

i_

Insurance Co.

Light

Water

.'

53y«c

New Jersey Power & Light, 4%

;

7-15

\

Hampshire Fire

6-30

50c

(quar.)

England Gas & Electric Association—

New

6-17

7

25c

,

__

7-

5

$15c

—

_—

7- 1

56(40

(quar.)_

(s-a)

7-

7-15

6-15

$1.12'A

Co.

England Fire Insurance Co.

6-15

15c

6-23*

1

40c'

(quar.)

(quar.)

Telephone

New

9-20

,6-30

1

7-

37 y2c

'

New

6-20

250

7'/2c

7-

47 (Ac

Insurance

Electric

7-15

50c'

(quar.)

Paper

6-1
6-15

20c

Corp

7-1
6-30

15c

:___

Reduced

9-20

6-14

15c

Co,..:

preferred -(quar.)_
England Laundries, $6 preferred (qqar.)
New England Power; 6%
pfd. (quar.)
2 New England Telephone & Telegraph—
'

..

Corp;_

Mitchell

Brunswick

7-31

6-17

25c

_

Machinery

Fire

6-15
6-20

1

7-15

25c

preferred (s-a)

Co.

s y

7-15

15c

$1.50
(quar.)_

com;

Shops

Union

2

$1.12 V2

(quar.)

Cooker

Pressure

12-

2

8c

(quar.)

Radiator Co.
Shares

6-15

25c

New

7- 2

6-30

10-

(quar.)

Service Corp.,

4Nekcosa-Edwards

New

,

6-15

10-

(quar.)

-

common

Company
Corporation (quar.)

Nehi

6-14

; 7-. 1

'

1

$15c

(quar.)

;preferred

3.8%

National

6-15

,7- 1
7-15

_

6-17

(Robert),

7-

class B_______

4'/2% -preferred (quar.)
National Tea Co., 4lA% preferred

/

6-15

'

6-30,.

^-50c

.-v

10-19

$15c

National Supply Co.

.

6-25

;7-:iy' 6-14

$2

•

1

7-22

10-29

$ 15p '*
f 20c .!'•

..

National Terminals Corp.
25c

r

7- 8. '

1

8-

7- -6

(Del.) (quar.)________
. (quar.)
___3
National Steel Car Corp. (quar.)
National Sugar Refining Co. (quar.)

6-11

37y2c

i

'.

7-15

1

2c

National Standard Co.

6-15

r

60C

______—

6-30*

■Mitchell

National

•

/

;

8

7-15

(quar.)

common

preferred (quar.)

National

6-15

27 »/aC

■

r

6-18

50c

National Paper Si Type, 5%
National Power & Light—
Partial liquidating
National

11-17

7-

7-

$15c

preferred

National

8-19

.8-31.
11-30

5'Ac

1

15c

National Motor Bearing Co.

6- 3

$1.62'/2

15c

1

7-

7*-r

12l/2c

(quar.).

(quar.)

"

'

1.
'7-15"

8-

25C

4'/2%

pfd.
(initial)

7-15

6-30*

6-15

1

Co

Investors
Lead

class B

6%

4V2%

6-3

56'Ac

Light 5%

Valley Barge

(J.

6-24

6-30

$30c

National Linen

'6-10

1

(quar.)

6-28

7-15

;;'6-11
6-n

37y2c

50c-

$3.50

;.7- 2

37y2C

-;.$i.25
"

National

'

(Kansas)—.

River;

5

6-30

(quar.)
(quar.)

A

National

6-10

'Co'." of Illinois—

4% preferred (quar.):.—
Mississippi Power Cot., $4.60 pfd. (quar.)

$3

„■

Class

7-15
6-10

4

Special
'
Mississippi Glass,

'6-17

7-

7-15

i

A

Class A

2

$1.25

Power &

Mission Oil Co.

6-17

8-

'

6-15

1-

50c

$1.75

r
i

B

Class

6-27

6-30

, —

€-23

7-15

6-30

6-13

7-

2

Development

25C

Co.——

Lynchburg & Abingdon Telegraph Co. (s-a)_
Lynn Gas & Electric Co. (quar.)—
—."MacAndrews & Forbes Co., comnion—
1
6Vo

7-

Mission

Ltd.,

preference

Class

6-13

6-13

1

5%

Milllihtllfs^urasatttring 'Co.; common
'.'Class A.;(quar.)—2—-2.—
_222_
Miller-Woht Co.. Inc.,.common (quar.)__:__
: 4V2% "convertible preferred (quar.)
Mining Corp of Canada, Ltd. (initial)—___
Minnesota & Ontario Paper Co.
(reduced).
Minnesota

'

1

;

>pr«farred.(quar.)

'•*

6-10

1_

common

Gypsum

Hill Navigation & RR.—

jpntferred

6-16

2

(quar.)____

Hosiery Mills, Ltd.,

6-20

i

Co.,

National

■i 6-16

(quar.)——

VaKWmn,

6-10
1

6-30 '

6-10

7-

Natomas

Miller & Hart, Inc.

6-10

2

(Hartford)—

National

7-1

,

& Mine

Semi-annual

6-15
6-

7-

.

6-20

Reclaiming—

Rubber

Creek

7-1

$1

6-20

6-30

'.v.-iyV Gowym*iWZX:).
,

$1.50

6-16

$1.75

quarterly

•6-.K),

'

*
.

•••

^"

'6-27

$1.12 ya

;

6-20 '

•

7-

$1.12 y2

-

*

9

7-15

6-16

Steel Products—:

A6«13

:

1'

7-1 1

'$1.75

-c...7%' preferred (quar.%-.—
i2y2c
Los Angeles Transit-Lines (quar.)
■f..' 45c
Louisville Gas & Electric (Ky.) , common_i„
,.'$1.25
55^ preferred
(quar.)__
-.5preferred ($25 par) (quar.)___—_— ; 3iy4C
Lowenstein (M.) & Sons, Inc.—
"
$1.06
preferred (quar.)
t25c
Lowney (Walter M.), Ltd.—
34%c
Lucky Stores, Inc.,
preferred (quar.)__
:.
25e 1
Ludwig Baumann &. Company, com. (quar.)
$2.25
-4'/isrJ» 1st. preferred ;-(&-a)

6-13

.

1-

6-30
7-

v

6-10

-•7-1.-,'

Grocers,

62'/2c

—

common

4V2%, preferred

;■

M1U

6-9

:

6-30
-

Lone

'.''f

6-30

Theatrer;aitd.tx&^'2l^^- nyy t$iv

'••■

>6-17

6-30,

.

Lonaom Hosiery Mills, Ltd., common_^x.f_^_ ■y i'/tiBc
'■
of 120c
I r-Class. (A i quar. )^__i__4

*

...

•

Initial

Midland

•^Midwest

12-23

•

6-30

•

;i-'_

.

"Extra.:

,,„

(quar.f.
Associated^-Telephone—

'(initial' quar.)
8% * preferredMquar.) i«.-2__^
^$2 non-cum, .jpreferted ^(quar.)
—
v Midwest? Piping •& Supply .Co. (increased) —

6-21

•

6-30

-Jl—————— r//y.4oc
:;,.y50c
Lockheed. Aircraft Cqrp._ll:_™_
—_
Loew's;
.(quar.)-,

Locke- Steel

;•

,

Natimial

7-2

1

80c

6-30

'

6-

15c

2c

6-16

7-

7-

$50c

1

Glass

,.

v

6-22

—

(quar.)___

/

Quarterly

$1

•= $2.40
.'preferred; Iquar.)
___!—
Mid-States'Equipment,t-7 %".conv. pfd. (quar.)

-'.i

..*■'**•,•>; r

1" yo-21

1-2-50 >'

$2

——

,

6-15

6-27

40c

(Md.)

(quar.)______

Stores

National

"

Preferred

'■

Welding Machine Co.—

National Fuel Gas Co

.7-1

10c

.6-101 -»New

;

6-30 -; y 6-20

-

,'■£"Lock jrbiht-^Eiper C&, common '-.(monthly),—
:ti■-itiy?
»B% preferred fquar.)
;—;
ppefftrred (quar.):„__
—

7-15 f

6-28

6-30

"

Y.

pfd.

5-31

1

$50c

r

Corp..'

Middle States ■'Tetephone

s "u

2-21

3-10-50
>

'-v-

■

8^ preferred ,(quar.)_
Chain .(quar.)

.11-24

•12-10

;,

.

8-23 i 4-

s-

i

N.

$7

Department

25c

V 6% preferred (quar.)
—4
—
Michigan Bakeries, 5y2%" pfd. (quar.)
Michigan "Bum'peryCorp. '(quar.)—r_——
Mickelberryis 'Food'Products—
P

6-i6
/•

Special -guaranteed

.

;

;;:37y2c

,

of

7-30

7-

97'/2C

Michigan

6-13

,

—

Machine '.£0——

i-t

35c

$44c

6-30

J15C

'

•»'. i- Special

•

■■i

11-23

75c

Inc.

6-10

1

—.—4

»

12-12

>

common

6-30

" $$1.12'/2

tan Paving Brick)

6-13

8-23

12c

Quarterly

■

Meyer (H- H.) Packing, ey2%/;pfd. (quar.)_
Miami Bridge Co.. ,(quar.) ____
——
Michaels Stern
Co.,4preferred (quar.)

y 6-30

f* 6-30

25c

•

w

-

y

"7-15';
^r30;

,.37'/2C;

;',':i2>/2c

—

pfa. (quar.)

(Thomas.: J.9fp Inc.fc

10-24

6-30

9-12

50c

Co..

National Fire Insurance Co.
;. Quarterly

.7-

Metropolitan Edison, 3.90% preferred (quar.)
4.35%.preferred (quar.)____'
—

,

-

;

'

7-15

12c

933Ac

8-15

70c

common__^_——

■

.y

37'Ac

___________

6-30

2V/zC
'97'Ac

preferred •» (quar.)"_____—
Metropolitan Brick,. Inc.' (forrnerly Metropoli-

7-23

y

Ltd.,

Co.,

Paper

& Thermit

Metal

6-15

15c

...,

50c

.y.-7 %

6-10

3oc

6-15

38%c

<fe

Mersey

y 6-17

30c

V

1

7-

1

;

.-

r '' 4Vz % preferred

;

6-20
Vr,6-20

1

National

1-

;•

6-20

3.

•

"
'

—

City Bank (N. Y.)
City Lines, Inc.—
A (quar.)_

National Electric

35c

:__

common

6-22

:t

.

6-30

preferred

G-15

'

$3.50

„

$4

6-15

$1.75

Co.; new common" (initial quar,)_
preferred (quar.)__'l_———
v$4 2xxd preferred (initial)'
Mercury Mills Ltd. (qvar.)
Meredith Publishing Co. (quar.)_'j.__
Merck

Bank

6-15

t30c

York (quar.)__"

Bank of New

7-15

common....^..

Casket ^Co.,

1

•..•••7-

.10c-

8-10

7-15
8-

20cV;

$1.50

Co.,

-7. 1

"7-1
"

2c

$1.25

7-15

1

9:

$i.i2y2y

;irffprre(l ►.(accuixC)'!--—
;t:,^ion Oil: $o., new' «cdm. (initial quar.)i__2_

6-20

convertible1 preferred (quar.) ;_r.

6-10
6-10

''7-1;

Quarterly--,—.
■—
::'_l.Lindsay^(C;( W.), &:, Company— '

6-20

1

6-10

')

8-

c;

50c-

National

1

35c

v

2

.National

7-

(S-a)_

preferred

4c

(s-a)

Securities

Bronx

6-20

7-

pro. ,(s-a;

Merchants Acceptance Corp.,

■f

7--.lV

■

50c.;,

<quar.)____

partic.

6%

12-15

preferred (quar.)

National

Distillers, Ltd.—

7-

;

.

tic

Telephone,,5%

7%

'6-30

133AC

Mengel Company;'5% 1st pfd. (s-a)
Mercantile Stores, ,7(4. preferred (quar.)____

(quar.)_.___™I___—

Little Miami RR. Cot
-Original capital •!—:—

1

62'Ac

6-10

-

;

lA&tan

7-15

$1

15c

-7-2

vf,$25C'

-:-J:7'AV50C;--

7

3;»

6-20

.'

Melchers

—i-

__________—

v.

1

______

Meadville

i

9-15

12-28

■z

Corp.

Biscuit

National

6-16

^',(quar.) ________-,__-------_---- ; :r..i'i85c ;
V '
183,4c ;
:-7Y.-»; : 75c; convgrtible; preferred (quar;) ____—t'
::'.'''-75c:
J
;
-Life. Insurance.Co^ of .Virginia—
-:y $1.75
; .7j.Liggett;^,MyersrTobacco;
(quar.)_
Corp.

-7-

Co., common (quar.)____

&

preferred ,(s-a)___

4%

6-16

9-28

$1.50

50c

National Breweries, Ltd.,

2

25c

6-21

.

Linpohv National Life Insurance

•'/' 75c

'

6-30

liberty Loan Corp., class;, A (quar,)_—:

Ltma-Hamjlton

National

8-

$1.06'A

7-

'% ' % 01a^

;i

Nation-Wide

6-10

.

37'/2C

preferred ?(quar.L__
—_______
4% preferred (s-a).

...

6-10

1

—

62VzC

,

;>".,Y ;Liberty Life"insurance Co.. (Greenville, S. C.)
;

1

1

7-

5C

-6-22

6-28

$1.50

A

guaranteed

7-

6-22

6-29

■)-<>; »;•: Lexington. Union Station,

j•.: v-

Mead Johnson

6-15

2

30c

7'/2 %

9-

y

(quar.)_.
McQuay-Norris Manufacturing—,
Common
(reduced ; quar.)
'_
4V*7o prefexred (quax*.)_
"
______

6-17

2

7-

$1.50 i

Portland Cement Co., (quar.)___
Corp., common (quar.)—__A y

Lehigh
Lerner

7-

7-

.

t$1.50

Leduc-West^Qil Co., Ltd.____——.—_,——
Lees (JarnW) Sons, 3.85 %_ pfd. (quar,) -—_

vf

50c

-

37'Ac

(qucr.)
Lanibton Loan & Investment Co. (Ontario)—
Semi-annual JL-ZlL
Lamson Corp. of Delaware, common
i
6%> prior preferred (s-a.) ——-—
Lanison & Sessions Co., $2.59, pfd., (quar,) i
Landers Frary & Clark_ (quar.)
Lang (John A.) te;Sons, Ltd. (quar.)—
;Lawyers Title Insurance Cp, (Va.) com. (s-a)
8%
partic... preferred { s-a—
Le Roi Company,- 4'/a*;® preferred (quar.) ___
Leath «& Company,, common (quar.) ________
i
4(2.50 'preferred ,(quar.).
——
Lambert' SThe)

6-10

National Cash Register Co

'
convertible preferred

5'/2%

-

Light Co._"_

Gas.

Laclede

•

7-

"

Corp.—

6-20"
6-21

Corporation

75c

.'J.

6-15

2

Condy

McPhail

"

7—

1
1

6-30

Nashville & Decatur RR.—

6-30

25c
.ioc

6-30

7-11

,

t25c

7-

7-

$1.50

Nachman

:
1

6-13

America—

6-17

50c

6-30

7-11

7'AC

of

6-16*

(quar.)^__

6-24

6-30

20c

Co.

6-30

■

(s-a)

6-16

6-30

50c

(quar.)

preferred

$50'Ac

preferred

6-15

2

25c

7-20

,

$1.50

6-15

6-30
7-

:50c

6-30

'

6-15

semi-annual,

6-30

6'Ac
12'Ac

(quar.)
4.8% preferred A (quar.)
Myers (F. E.) & Bros, (quar.)

88c

$1.50

preferred (quar.)
Kuppenheimer (B.) & Co., Inc.—1st

6-15

___

$$1

Ltd.—

Co.,

(quar.)
—
$2.50 prefevred (quar. )

preferred

McCord Corporation,

9-21

-

*

Chemical

4.8%

1

America

62'Ac

-

6-15 \

7-

$1.18%

preferred

(quar.)
6%
preferred
(quar.)
Mutual System, Inc., common
6%
preferred '(quar.)
Mutual Telephone Co. (Hawaii)

McClatchy Newspapers

6-22

6-28

$i.i2y2

4%

*

6-29

$20c

Murray-Ohio

'

McAleer

12-22

50c

37'Ac

.

preferred (series 1947)
preferred (quar.).'

$3.75

,

9-21

10-

'37'Ac

France Industries,

7-1.

preferred

$i.i2y2

.La

7-14

6-24

1

25c

(quar.)

(quar.)
Mfg. Co
Muskegon Piston Ring

(quar.)—

Reduced

1-1

$1.25

—

1

Kroger Company—

i

6-11,

7-15

,

25c

Co., 43A% preferred
Co., Ltd

1

A

4'A %

6-29

(s-a)___

Mqrphy (G. C.)

7-

iYz%- preferred

6%

RR.

6

37'Ac

(quar.)___

A

6-20'*' '

7-

$1.25

1

12'Ac

.

6-30

(quar.)

6-

6-15

common

6-30

(quar.)_

(quar.)__

common

6-15

$1.50

1-

1

8-

7-

Iric.__________——

Co..

Company,

Koppers

6-25

_________

25c

•*.

1

Haven:

Carbon

50c

/ '

(quar.)

7-

..w

6-30

(reduced)

20C

25c

1

preferred (quar.)'__—_—________
$1,50 preferred (quar. i
$1.50 prefened (quar.)f__— __—--—__
$1.50 preferred-(quar.)
f—

6-15

25c

New

":5c
Company,

6-15

1

50c

1

1

7-

6-15

5-27

1

59 %c

6-30

7-

$3

(s-a)___*_

Corp.,

2

7-

(quar.)_____

50c

31'Ac

(quar.)i.—

"

Valley

7-

7-

Manufacturing Co. (quar.)
Munising Wood Products, com. (reduced)
5% preferred (quar.)__:
:
.____4___

$1.12'A

Maryland Dryaock Co., common (quar.)

1

7-

$1
40C

,

15c

$1.75

6-10

7-

7-15

$1.12'A

(quar.)________

2

ir

Mullins

6-15

6-

.

$1.75

Goods

preferred

Co.

2

.

59 %C

(quar.)

(quar.)
&

Brass

V~-

Consolidated, Inc.—

$5

Carbon

6-

7-

$40c

(quar.)

Motor

7

1

t $ 1.75

■

of

Cafeterias

preferred

6-

7-

$1.75

(quar.)
(see Philip Morris)

(Philip)

7-

(quar.)___

1

1

.

-

7-15

50c

,

(quar.)

common

preferred

Dry
Mills <

75c

_—"_

_

6-15

J

(quar.)

R.)

$$1.25

6%

1

preferred

25c

1

7-

Ltd.—

(quar.)
(quar.)

cvonvertible

-10c

$1.75

40C

7

tquar.)
;

commcn

Works,

Drop Forging,

43A%

$1.50

(quar.):

Co., common
6%
preferred (quar.)___
Martel Mills, common (irreg.)

5-31

7-

(M.)

6-20

1

7-

20c

\,

Marshall-Wells

'

f 15c

(Ind.)

Cement Mfg. Co.
prefexred (quar.)__:

Marquette

6-15

6-16

6-15

$10$

A

______

(quar.)

common

6-15

1

quarterly
Refrigerating & Storage, Ltd
Telegraph Co.__i
Moore Corp., Ltd., common (quar.)

6-15

Inc.,

1

7-

(quar.)_

(quar.)

6-30

(quar.)

Basket,

6-15

1

7-

20c

Increased

—

preferred

7-

25c

87'Ac
common

Montgomery Ward & Co.,

7%

1

1'

7-

Market

1

1

7-

6-17

1

6-17

(quar.)__

6-15

7-

7-

7-15

preferred (quar.)_
Maritime Telegraph & Telephone Co., Ltd.

preferred

6-15

7-

7-

62'Ac

50c

______

T/o

$4.20

1

7-

6-15,-

"

1

■'.*

6-30
7-15

6-20

6-30

$1.12'A

$1.50

150c

$1.75

(irreg.)

common

Utilities,

7-

30C

v

1

$1.25

52'Ac

4

6-17

7-

Chemical Co.,
pref.quar.)

$3.50

Montana-Dakota

2

6-10

Kirsch

2

7-

7-

25c

common

7-

—

6-24

Kimberly-Clark Corp., common (quar.)
•/'••< 4'A%' preferred (quar.)—
:___
4%
conv,
2nd preferred (quar.)——

.

(Winnipeg)

6-20

6-15

Company,

5-31.

2

1

R.)

2

$17'Ac

7-

••

".>

5-31 •.

7-

$25c

7-15

7-1

(G.

6-17

7-2

$$1.12'A

7-

7-

Kinney

1

12'Ac

(quar.)_____

t20c

Water,

37'Ac

(quar.)—_
(quar.)

7-

'

7-15

35c

convertible preferred

6-15,

60c

25c

5 %

6-15

1

t25c

75C

Kings County Lighting, 4% pfd.
Kipgsport Press, Inc. (quar.)__:

6-15

1

Mortgage & Investments, Ltd
Monongahela Valley Water, 7% pfd. (quar.)
Monroe Auto Equipment Co.—
5% preferred (quar.)

$1.50

common,,

1

7-

Monarch

Keyes Fibre, 6% prior preferred (quarj____
Kidde (Waiter)
& Company, Inc

King-S6eley Corp.,

7-

common

Monarch Life Assurance Co.

7-

-

20C

;

,

«

Knitting Co., Ltd.,
preference (quar.)_

25c

share plus this

$53 per

I at

Inc.

20c

Midland

Marion

(interim)
Co., 7% pfd. (s-a)

Service

Co.

25c

—

6-20

$1.75

Marine

Ltd.

Mines,

1

—

6-10

(final dividend).
All outshares called for redemption

Aug.

on

(quar.)

Y.)

6-10

preferred

Standing

(N.

6-15

50c

Gold

Co.

1

'

Kerr-Addison

7-

7-

'

(quar.)

2

A

t$7
Trust

25c

V

7-

9-15

)
(Toronto)

Co.

Hosiery

4'/2%

6-22

30C

6-30

37'Ac

preferred
(quar.)

6-17

25c

(quar.)__

Insurance

$25c

_

6-17-

6-17.

$$1.80

1

1

10-

t $3

6-30

quar.)

Nut,)'6%• /-preferred (quar.)—
A (|quar.)__,

Copper

6-30

25c

(s-a)__

$1.75

(reduced

7-

1

Maple Leaf Gardens, Ltd.l___—
—
Marathon Corporation, 5%. preferred (quar.)
March ant Calculating Machine Co.
(quar.)_

$1.12'A

(quar.)

Kelsey-Hayes Wheel, class
( Class
B -<quar.)—2—
Company,

preferred

Life

Manufacturers

6-15

Kelley Island Lime & Transportation Co

Kennecctt

1

Semi-annual

7r 1

_

common

Monarch

1

7-15

Mojud

Rubber

&

Manufacturers

25c

preferred (quar.)
,_.
Kearney ,(James R.) Corp., common
$1.50
preferred
(s-a.i __v

Kendall

6-10'

6-30

Maxwell

7-

common

7%

Kelling

(quar.)_

10c

pfd.

Molybdenum

6-25

6%

convertible

$1.75

Co.,

6-15

7-

t25c

25c

Gas

$4.50

;

Mansfield Tire

$1.50

—

(qUar.)

Kaynee. Company,

Manning

6-15

1

$1.25

Natural

Diug Company,

6-30

7-

50c

=,—
—___

6-30

1
1

(quar.)

(quar.)

Corp.

77-

6-20

$1.50

I ::,

6-

40c

7-

1

$1.06'A

Holder«

1

20c

7-

preferred (accum.)
& Moore, Inc. (quar.)

Sugar,

7-15

$1

$1.25

_

.

Financial

Manhattan

6-20

(quar.)

Kawneet Company

Extra'_•

6-20

1

conv. pid.
Corp., class A

7-

$1.22'A

6-15
6-20

—

51

Payable of Rec.

$2

(quar.)_

Containers, Ltd., class A

1

(quar.)

Company, 4y4%

1

Mohawk Petroleum

7

preferred

6-30

b%

7-

6-

1

4.90%

$1.25

preferred (s-a)
I
Mailman .Corporation,
Ltd
Maine Central RR., 6% prior pfd.

(

quar.)

(qu.ar.)__

Kansas-Nebraska

.

7-

$1.20

Co.—

(quar.)—,

preferred

Katz

Mahoning

7-

Modern

'

preferred

Kansas

6 "

25c

6-10

Mobile

$12.50

5-

62'Ac

6-10

7-

25c

1

1

Maltine

6-20

When

Share

4%

RR.,

pfd. (s-a)_,'
Gas Service Corp., common (quar.)__

1

7-

50c

(quar.)_____

7-

._

(quar.)-.;™J,,.——
CLy Southern Ry., 4% pfd. (quar.)
Electric Power, 5% prexerred (quar.)

5 %

tl2'Ac

(quar.)

Corp. (quar.)
Coal RR. Co., common

$1.50

preferred

Journal

Company

Birmingham

6-30

7-

75c

class A

$1.25

Jcplin Water Works,

&

6-30

Export Co.,

5%

dividend

Stock

Per
Name of
Mobile

$20c

i

Holders

When

B

Magor

(2795)

Payable of Rec.

Inc.—

preferred

participating

$1.50

Laughlin Steel Corp., com.

&

7-18

6-30

5%

dividendt

Preference'(stock

1

8-

CHRONICLE

Per

Share

Name of Company

Payable of Rec.

93%c

(quar.)

Co.,

Tea

FINANCIAL

&

Holders

When

Per

Name of

COMMERCIAL

THE

Number 4815

169

Volume

7-

1

6-10

Gas—

$3.75

1

Sl.12%
-

$1

7-

1

6-10

7-

1

6-17

When

Per

Share

Name of Company

(Ohio), 6%

Newark Telephone
Newbtriy

Co.,

(J. J.)

preferred

3%%

pfd.

50c

1

8-

1

7-15

7-

1

6-15

preferred

1

6-17

preferred

Niagara Wire Weaving Co., Ltd.
Pile

Co.

Special
Noblitt-Spaiks

Industiies, Inc
Nopco Chemical Co. (reduced!—
Nortnetal Mining Corp., Ltd
American

7-

1

7-

1

6-20

Pioneer

6-30

6-13

Pitney-Bov/es, Inc., 4'A% conv. pfd. (quar.)
Pittsburgh Brewing Co., $3.50 pfd. (accum.)-

25c

6-30

6-20

HOC

6-30

6-

—

American

3

1

7-

50c

6-22

Pittffield

class
class

1

6-10

7-

1

6-15

Pond

7-

1

6-15

Pore

Huron Sulphite

Common

class

C

75c

7-

1

6-15

Common

Common

class

D

75c

7-

1

6-15

4%

15c

7-15

6-24

(quar.)

Refractories

RR..

Northern

6-28

Portland Woolen Mills,

1

6-15

Potomac

7-

2

6-

Power

7-15

6-30

6-15

6%

17J/ac

7-20

6-30

6%

$1.20

7-15

6-30

Pratt

Pressed

7-15

6-30

6-30

6-23

7-

1

6-21

7-

1

6-11

Ohio Public Service

6-15

Preston

125c

7-

2

6-

10-

1

9-15

125C

7-

2

5-20

6-30

6-10

$1.10

7-

1

6-15

$2.50

7-

1

6-16

97V2C

Ohio

Service

pfd. (initial quar.)
Corp.—

River

7-

1

6-15

30c

7-

1

6-20

$5

Holding

Gas

4%

Old

Town

Inc.,

Public National Bank Si Trust

7-15

6-30

7-20
7-

1

7-

$10

1

6-30

6-17

6-30

6-14

6-30

6-14

$1.50

6-30

6-14

1

6-1U

Extra

6%

preferred

(quar.)

Corporation,

.

(quar.).!

pfd.

8%

7-

$2

,

Ontario

Loan

<fc

Ontario

Steel

Products,

125c

7-

Publication

6-20
9-20

2

6-15

Puget Sound

7-15

Pure

Putnam

8-15

7-15
7-15

Pabst Brewing Co.,

Pacific

American

$1.50

pref.

Pacific &
Pacific

5%

new

6-10

1

6-10

1

6-10

preferred (quar.)..
common (initial)

$1.25

7-

1

6-10

G-30

6-15

Pacific Finance

5%

s.

Gas &

Pacific

Indemnity Co.

(Del.)

6%

preferred

Page-Hersey
Panhandle

1
1

7-15

Transportation

Telephone,
(quar.)

Common
Common

Co.

7-

1

6-15

SI

7-

1

6-15

Co.

4'/a %
4.6%

25c

11-15

11-

5

25c

2-15-50

2-

3

8-15

8-

5

33c

Gas,
Circle

Light
Co.

112-

1

7-

1

7-

1

1
1

7-

1

1

6-30
7-

1

1

7-

50c

1

7-

1

6-

Brewing Co. (quar.)
Pfizer (Charles, & Co.), 3»/2%
pfd. (quar.)_
Philadelphia Company, common (quar.)

6-30

6-15

Reynolds

1

Philadelphia Dairy Products Co., Inc.—
$4.50

1st preferred

$4 non-cum.

(quar.)

5%
Fhiico

preferred (quar.)

Corporation, 33/4%

1

6-17

7%

$1

7-

1

6-17

7%




(quar.)

preferred
preferred

1st

1st

Dry

preferred

1

7%

2nd

6-

1

7%

2nd preferred

-

7- 1
1

933Ac

•6-15

Richman

Brothers

$4.50

Seaboard

series

A

7-

1

6-17

7-

9

6-13

Common

8-31

8-

1

Common

7-1

6-15

7-

6-15

1

Ritter

5%

vtc

7-

6-10

Common

2

7-

2

6-15

87'Ac

7-

1

6-13

7-

1

6-17

:
.

7-

1

6-

1

10-

1

9-

2

7-

1

6-10

60c

7-

1

6-15

7-14

6-23

7-

6-

,

1

6

6-30

6-20

vtc

7-

-

6-30
6-30

6-23

.

CO

6-30.'

9-15

1

$1.10

9-

12-15
,

H 10 •

1

12-

1

7-1

6-

3

6-30*-

6-15

r

...

0-10

50c

RR.

1

1

8-

1

tlOc

7-

1

7-

1

8-

1 \

7-15*

85c

1

6-15

"8-12

1

8-12

7-

Is-

6-10

7-

1

6-18

7-

1

6-18

50c

$5.50

Gas

«fe

9-

9

12-

9

7-10

65c

7-10

15C

6-30

,6-18

6-30

6-18

6-10

31'AC

7-1

6-10

25c

6-27

6-10

$1.25

7-

1

6-15

$1.12'/a

7-

1

6-15

-

10c

v

:

Corp.

7-15

1

6-15

7-

1

6-15

6-30

6-17

6-

Shawmut

9-

1

8-15

1

11-15

7-15

7-

6

*25c

8-

1

40c

7-

1

6-23

50c

7-30

7-20

1

7-20

com

8-

7-15

7- I

$1.12'/2

7-

7-

1

25c

7-

1

6-

8

$1.12 V3

7-

1

6-

8

15c

7-

1

6-10

+

6-15

7-

10-

1

9-15

15c

8-

1

7-15

15c

8-

1

7-15

25c

77-

25c

.

$1.50

1
2

6-10
6-10

7-

2

6-27

6-21

50c

6-30

6-17

6-30

6-14

*50C

7-

2

6-

15c

7-

1

6-22

7-

1

6-22

*2c

7-15

6-30

20c

—

pfd.

(quar.)

Ltd
com.

Mines,
Products Corp.,
preferred (quar.)

40c

7-

1

7-

1

6-15

10c

;-

of America, common (quar.)
convertible preferred
(quar.)

$1.25

Sherwin

Williams

Common

8-

1

7-15

1

6-10

8-

1

7-11

of

Canada,

preferred

(quar.)

Optical

Co.

*$1.75

10c

7-

1

6-15

(quar.)

Dairies,
Western

preferred
(Win.)

class

iN.)

Sloss-Sheffield

Steel

&

Common

7-

1

6-10

7-

1

6-10

Sonotone

7-

1

6-20

$1.25

1

9-15

4%

Paper Mills,
(quar.)

50c

convertible

Corp.,

5%

preferred
common

convertible

Electric & Gas,

preferred

5V2%

A

I

7-

9

7-15

7-

2

7-

6-21

1

convertible preferred

7-

1

6-17

South

Porto

10c

6-29

8%

preferred

Southeastern

$5

1st

Investment

preferred

50c

6-30

Co.,

7-

1

6-10

7-30

6-30

7-30

6-30

$1

7-

1

6-20

7-

1

6-10

6-30

6-

1

6-30

6-

1

15c

7-

1

6-17

62yac

(quar.)

com.

7-

1

6-17

7-

1 ■:

6-17

68 %c

30c

pfd.

Trust,

Inc.—

7-15

7-

7-

1

6-16

50c

commcn

6-29

$1.12'/2
$1

(quar.)_

—

(accum.)

1

10c

(quar.)

Oil Co. (quar.)
Pittsburgh Water, 4 ¥2%

Sugar
(quar.)

9-10
12-10

8-

31%c

Penn

Rico

9-20
12-20

12 '/2C

:

South

6-20

_

(quar.)

(quar.)

South

6-20

(quar.)

(quar.)

8-13

1

8-

0-25

50C

(quar.)

preferred

0-1.8

1

*30c

*50c

1

7-

6-15

*50c

1

7-

1

7

40c

preferred (quar.)

7-

$1.25

7-15

7-

$3

Solvay American Corp., 4% preferred (quar.)
Sommers Drug Stores Co.—

10-

37'Ac

.

8-15

Ltd.—

75c

(reduced)

6-15

7-

*53c

—

$1.75

6-15

6-30

2c

$1.25

(quar.)_

——

$1.75

(quar.)

6

EOc

—

Kline & French Laboratories

6-15

10-

6

6-

Iron

(Howard)

6-15

,

6-

7- 2

20c

-

preferred A (s-a)_

Corp

O.)

South Carolina

(quar.)_—

—

Smith

1

$1.75

7-2

50c

(A.

90c

*

6-29

1

(quar.)

Quarterly
Smith

1

8-15

7-29

*15c

(quar.)— „——

6%

7-

1

J25c

(quar.)

Company, Ltd., common (quar.)_

preferred

$2.12

$i.i2ya

(quar.)-

A

Corp. (quar.)
Ccrp. (quar.)—,
Skenandoa Rayon, 5% preferred A

7-

7-

6-20

Dairies, Ltd.—

Oil

25c

$1.75

5-30

6-30

*$1.25

Ltd.,

Paper

Sinclair

6-17

6-30

5c

(quar.)

Brewery

Simplex

7- 4
6-10

*25c

Breweries, Ltd. (quar.)———
Brewing Si Malting Co. (quar.)
Sigma Mines, Ltd. (Quebec)
—

$1.37ya

75c

6-30

Sicks' Seattle

Silverwood

•;

7- 2

35c

Sick's

Silverwood

6-17

7-1
8-1

6-15

Ltd.—

(quar.)

Smith,

$i.3iy4

3iy4c
*20c

Co.

2

59 %c

(quar.)

6-10

7-

;

6-17

1

5c

4%%

Slater

7-

25c

——.——

(quar.)

Shellmar

Simon

6-16

'

Association

Sheep Creek Gold

5%

8

7- 1

40c

—

Sharpe & Dohme,

Shuron

87V2C

6-21
6-

I

10c

Boston

Steel Corp.

Sharon

7%

6-21

1

$1.37'/2

(quar.)
Inc. (quar.)
Shawlnigan Water & Power, 4%

7-

6-20

7-

\

-

(quar.)

1

6-30

10c

Inc

1

12-

6-23

W

—

8-

15C

?

75C

—

7-

*40C

6-23

12 >/2C

___—

(quar.)

of

9-30

12-31

"

common—

7-

Trust

6-10

45c

(increased)-

(quar.)—

Shares,

preferred

Shareholders'

9
9

6-30

$1.25

(quar.)„——

$4.50 preferred (quar.).
class B (quar.)

Oil

912-

$1.25

Company,

Shamrock

6-17

9-30

12-31

—

preferred

prior

Shaler

6-30

25c

$2.50

Industries, Inc.—

Servel, Inc.,

3*

6-14

1

.4'

preferred——

Corp.,
(quar.)

A

American

6-15

1

1

9-

83 %c

(quar.)_
4'/2% prior preferred (quar.)_„
Seismograph Service Corp. (reduced)-.

5-31
6-15

7-

9-

preferred

Company, common

1

20c

50c

25c

Acceptance

1

7-15

7-15

L—

Seeger Refrigerator Co.—
Seiberling Rubber Co.—

Selected

7-15

7-14

——

preferred

A

;

25C

;

convertible preferred

class

8

6-23
-

Co.—

non-cum

5%

6-

lv,

7-

8i

$1.12 ya

(irreg.)

preferred

7-

5-23

:.

91'Ac

(irreg.)

A

5%

6-30

$1.25

(quar.)

seriec

Gas

.'6-18

50c

scries A non-cum. preferred

6%

1

$1.07ya

5%

Securities

6-18

7-

*20c

—.———

Seaboard Finance Co., common (quar.)
conv.

1

$1.25
—

(quar.).—

non-cum.

$2.60

7-

10c

:

7- 1-

40c

(quar.)—--,

A

7-

$40c

(quar.)

common

1

7- 1

Association,

series

7-

Co.—

(quar.)_

9

15C

vtc

-

(quar.)

Company, Inc.,

preferred

1

8-

-

$1.25

(quar.)——

preferred

Air Line

,

-

8-

50c

$1.25

:———

3c

(quar.)

Rteke Metal Products Corp.

6-15

:

(quar.)—

$1.25

preferred (quar.)
preferred (quar.)

6-

-

Co.

Goods

6-30

*

6-17

$1.25

(quar.)
(quar.)

Paper

6-30,

50c
<

1

Tobacco—

25c
'

7-

$1.75

(quar.).
& Brass, Inc. >

30c

62 i/ic

pfd. A

3.60%
4.50%

1

(quar.)

$1.13%

preferred

Rhinelander

7-

,/f

Common

25c

$1.12'/2

preferred (quar.)
Philadelphia Electric Co., common- (quar.)—
$1 preferred Iquar.)—
^
Philadelphia Si Reading Coal Si Iron (irreg.)Philadelphia Suburban Transportation Co.—

—

prior preference A

Rlce-Stix

2nd

6-30

933Ac

(accum.)

871/2 c

6

7-

;

(quar.).._——

Refining

Sloane-Blabon,

6-10

6

7-11

$2

—

.

6-20

7-

6-

50c

Scranton Electric Co.. 3.35%
pfd. (quar.)—
Scruggs Vandervoort-Barney, Inc.—

$1.50

•

6-30

6-

fi

*

6-30

Inc.—

6-30

6-

Co.

preferred

7-20

J5c

50c

1

1

-vr

preferred (quar.)

$1.50

—

(quar.)
Reymer & Bros., Inc. (reduced)
Reynolds Metals Co., common
5 Va % convertible preferred (quar.)

1

6-21

7-

—

15C

9-15

6-13

7-

Loan

common

(quar.)—.

Sugar

B

3.65%

6-15

6-10

7-20

6-21

*$1.06

(Ed.) & Company, com. (quar.)
Schuylkill Valley Navigation & RR. (s-a)
Scott Paper Co., $3.40 preferred iquar.)
Scovill Manufacturing Co., common———
4.30%

6-15

6-28

7-

6-10

1

$1,

Works,

prefeired

6-17

1

J.)

1

1

s-a)

Electric

5%

6-23

1

(R.

Water

6-10

'

1

1

1

15c

7-

7-

Copper

6-15

77-

Saudi Arabian Mining Syndicate, Ltd.—
Savannah & Atlanta Ry. Co.—

6-17

10-

7-

5Vi%

6-30

*40c

,

———:

—_

6-27

$1.50

(quar.)

Remedial

(increased

Class

V'

(quar.)

6-10

$1.25

(quar.)

Francisco

Ltd.,

1

1

*

Revere

7-15

-7.

Co.—

.

6-

7-

*5c

common

7-31

'

preferred A vtc (quar.):
preferred A vtc (quar.)
Co.—
' 1st pfd. series A (quar.)„—
Paper

25c

preferred A (quar.)
6% preferred B (quar.)
Republic Pictures Corp.—

6%

6-10
7-15

30c

———

• -

6-30

—

1

35c

Ry.

Company, Ltd., class A

*27c

Republic Steel Corp.,

6-10

7-31'

25c

(quar.)

Pacific

Si

Scarfe Si

*28c'

preferred

6-20

6-30

*$1/75

Savannah

(quar.)

convertible

r

6-30

50c

Stockyards Co.-iU——_—

1

n

6%

$1

7;

$1.25

—

1

52'/ac

7-29

Pfeiffer

preferred

preferred (quar.)
(quar.)
Engineering Co.,

Fund,

6-20

50c

Ltd.—

6-

Corp.

Investors

1

25c

Sheratcn Corp.

7-

$1,121/2

Co.,

6-

6-30

(reduced)

7-29

Trading Corp.— "
$1 partic, class A (Interim)

Mills

Francisco

Sangamo

6-15

Ltd.

11c

Si

$5

Republic

6-10
6-20

7-

*20c

—

pfd.

6-30

(quar.)

A

7- 1.
6-30

.

$1.25

Extra

class A

1

$1.25

6-30

__

35c

Corp. of America (irreg.)

Petroleum

San
.

6-20

1

__

25c

(quar.)

1

7-

$1.50

25c

7-14

7-

50c

Electric 8i

A

5

—

40C

Extra

8

3

6

6-15

Extra

6-21
6-

6-

Coventry Ltd.,

Class

7-

4$1.75

conv.

Regis

4.40%

6-13

1

7-15

preferred

Class

6-30

7-15

6-27

7-

Ltd.—

Textiles, Ltd.,

7-15

(quar.)_

(quar,)

25c

Manufacturing Co. (111.)
preferred (quar.)
Rand, Inc., common
$4.50 preferred (quar.)

6-15

7-

20c
*

1

7-15

125c

$1.50

Petroleum

$6 preferred

Stores

5

7-

30c

conv.

5%
St.

6-15

1

Remington

6-15

$1.25

1

5%

5

7-

(quar.)

$2.10

6-15

7-

7-

30c

(quar.)

redeemable

1

7-

—

common

8%c

preferred

6-16

53c

Louis-San

6-20
7-

(quar.)

Canada,

7-

7-15

23c

—__—

Rocky Mountain

Louis

5-31

50c

(quar.)

preferred

Renold

50c

1

7-15

common....,,.:

Mills,

7-15

$1.12 y2

(quar.)

National

Louis

Selected

Reliance

7-15

10c

Inc.

non-cum.

Reliance

6-10

8-

7-

6-28

50c

$1.60 non-cum.

Renfrew

Co

Cement Co.
(quar.)
Mine's, Ltd
Company, common (quar.)

Knitting

6-15

7-15

$1.75

;

(quar.)

pxeferred

St.

6-20

$1.25,

$2.50

Co

Bit

Bros.,

Reliable

6-10

$1.15

1

$1.25

3 y3 %

8 71/2 c

(quar.)

preferred

7-

Roller

5%

6-10

$1,121/2

7-

$2.50

(quar.)——

Reitman's

6-10

7-

St.

(Washington,

Reinsurance Corporation of N. Y.

6-10

$1.25

6-20

933Ac

$1.60

t

6-10

40c

A

6-15

1

common————

35c

Company,

Reeves

7-11

7-

6-30

$3

Regent

3

7-25

30c

& Coke

Reed

5

50c

Gold

4 V2 %

'

15c

Fermanente

Milk

11-15

33c 2-15-50

(reduced)

preferred (quar.)
preferred (quar.)

Peoples

Pet

5

33c

Ltd.,

Flour

Lawrence

7%
St.-

—

Corporation (Mass.), common
preferred (quar.)_-—...
Drug

Class

9-15
8-

5%
Reed

12-15

8-15

;

Pennsylvania Salt Mfg. Co.—
3V* % preferred A (quar.)
Pennsylvania & Southern Gas (Initial)
Pennsylvania Telephone, $2.10 pfd. (quar.)—
Pennsylvania Water & Power, common.
$5 preferred (quar.)
Peoples Credit Securities, Ltd
Peoples Drug Stores (quar.)

Perron

1

1-1-50

(quar.)

Perfect

1

St.

Common

—

Owl

Reece

6-15

10-

•Penney (J. C.) Company (quar.)
Pennsylvania Glass Sand Corp., com. (quar.)
5% preferred (quar.)
!
Pennsylvania Power & Light Co.—
Common

7-

6-17

7-

25c

(quar.)
$1 cum. preferred (quar.)
$1 cum. preferred (quar.)
$1.32 cum. preferred (quar.)
$1.32 cum. preferred (quar.)
$1.32 cum. preferred (quar.)
Penn Traffic

7-15

6-28

621/2 c

(quar.)
preferred

cum.

1

$1
62'A C

6

6-10
6-24

San Jose

preferred (quar.)—
preferred (quar.)
Stores, 4%% pfd. A (quar.)

7%

7

20c

(quar.)

6-

7-15

20C

'

.

(s-a)

5%

(quar.)

common

1

6-30

Silk Hosiery Mills—

Red

6-13

1

7-

50c

preferred A (quar.)——

Seattle

6-30

Reai

1

7-

preierred

5%

Cc.—

7-15

q

D

7-

20c

17V2c

Royalty Corp

$1

—

preferred
preferred

$1.50

6-

(quar.)—

convertible, preferred

$2

15c

6-15

6-25

6-15

(see Helena Rubinstein)..

5%

6-30

6-27

7-

*$2

*28c

$1.50

30c

6-15

;*

(quar.)

common

Ltd

7-15

Ltd.—

145c

(quar.)

UV2C

(quar.)_

Real Estate Title Insurance Co.

1

&

5 %

6-20

_

7-

30c

.

,

*2c

6-18

25c

(quar.)

(Helena)

Industries,

10c

7-15

6-15

1

6-13

common—

35C

interest

6-28

7-

1

18%c

(quar.)

(quar.)
Saguenay Power Co
Ltd., 4'A%
St. Joseph Light Si Power—

6-20

1

$1.25

25c

Express Co.

6-30*

50c

(quar.)—

7-15

Eastern

Peninsular

$1

3% %

3%%

6-10

7-

—

$1,121/2

50c

(quar.)......

11-10

$1.75

of America—
$3.50 convertible 1st preferred
Radio-Keith-Orpheum Corp.

7-15

8-

preferred

Parmelee

A

6-15

1

1

Safety Car Heating & Lighting Co. (quar.).
Safeway Stores, Inc., com. (increased quar.).

6-15

Inc.—

Bearings Canada,

M.

Ralston PuTina
8-

$1.25

1

Radio Corp.

6-23

$1.25

Pipe Line—
(quar.)..
Paraffine Companies Inc., com.
(quar.)
4% preferred (quar.)
4%

6-30

12-

6-30

(quar.)

(quar.)
(quar.)
Rayonier, Inc. $2 pfd. (quar.)
Raytheon Mfg. Co., $2.40 preferred
Reading Co.—
4% 2nd preferred (quar.)
Reading (Pa.) Gas Co. (s-a)

& Telegraph Co.,

Tubes,

6-15

—

(quar.)_

Pacific Lighting Corp.—
$4.50 prefened (initial quar.)
Pacific Public Scvvice Co.
(quar.)
Pacific Telephone

Si

1

77-

—

(quar.)—

preferred (quar.)
W. Fine Foods, Inc.,

4%

8-10

$1

——

Electric

Pacific Intermountain

6-15

1

25c

(

preferred

Pacific

1

7-

—

(quar.)

series

7-

50C

(s-a)

of California

Corp.

preferred

5%

R.

Class

37'A c

Telegraph Co.
Foundry (quar.)

1

7-

Quebec Manitou Mines, Ltd

Inc.—

(quar.).—

&

f.

30c

9-

8.

6-15

25C

common¬

115c

1

7-

6-15

-

25c

(quar.)

Schuster

Products,

1

1

15c

$1.75

Co.,

Pyle-National Co., common (quar.)—:
8%
preferred (quar.)
Quaker Oats Co., common (irreg.)
6%
prefened (quar.)

7-

1

Oklahoma—

Purolator

7-

7-

$1.31 Vi

beneficial

of

1

12-

30c

6-15

7-

Atlantic

Car

6-20

$2.50

Fund of Boston—

(George)

6-15

12-15

'

7-15

12 VaC

Pulp & Timber Co. (quar.)
5% conv. prefened (quar.)

Certificates

0-15'

9-

$1.25

,

(quar.)

common

preferred

7%

—

Co.,

1

7-

Berg

Russell

Y.)—

(N.

6-23

$$1.25

Investors,

Russell

Co. (quar.)

1

140c
Brush Co.,

6

6-20

(quar.)_

6-29

;

preferred (quar.)

Oil

1

7-

'

7-

$1.12Va

Extia

Fibre

6-

1

60c

Co.

<fc Gas

7-

9-15

$1.25
.

(Jacob) 4'/2% pfd. (quar.)
Fund, Inc—
(F. C.) Company, com. (reduced)—

Ruppert

5-31

Puget 8ound Power Si Light—
$5 prior preferred (quar.)

2

8-15

25c

Oswego Palls Corp., 4'/2% preferred (quar.).
Ottawa Light, Heat Si Power, Ltd.. common.

Ox

7-

corp.—

7-

1$1.75

(quar.)
Osborn Manufacturing Co

A

Russell

7-15

original preferred (quar.)

8-15

125c

preferred

5%

6

(quar.)—

Electric

6-20

$1.25

Mexico—

preferred (quar.)
$1.40 dividend preference

10-

125c
t$1.25

(quar.).

com.

2

125c

7%

6-24

6-

50c

New

1

8%c

preferred

Corp.,

Rubinstein

6-30

6-30

7%

's

7%

Debenture

Ltd.,

preferred

4%

Ontario

Beauty Supply Co., Ltd.—■
Participating convertible preferred (quar.)
Participating convertible preferred (quar.)

7%

*75c

(quar.)

Public Service Co. of
Public Service

"

•Omnibus

of

preferred

5 'A%

.

Co.

7-

20c

common

Inc.,
preferred (quar.)—

6-30

!

Service

Public

1

6-15

25c

——

Royal Typewriter Co.,

6-U

7-15

46c

Class

$1.50

Co

RR.

Quarterly

6-24

$1

30c

(quar.)
(quar.)

(quar.)

Worcester

&

6-20

6-30

$1.12 Va

.——

'

6-30
6-16

(quar.).
Inc

Corp.,

convertible

5%

Providence Washington Insurance

Providence

10c

Co

preferred A

6-15

15c

6-14

—

Carbon

&

common

1

(irreg.)

640

1

20c

Ribbon

Industries, 4%

7-

:15c

6-30

7-

$1.31'A

preferred (quar.),
Colony Insurance Co

Omar,

Co.

Gas

120o
82

(quar.).

4% convertible preferred (quar.)
Roosevelt Oil & Refining Corp., com.
6%

6-25

45C

pfd.

20c

5'/4%

OUn

1

—

Proprietary Mines, Ltd
Prosperity Company, Inc., 5%

Pendleton,

Cable

22V2C

—

Mines,

7-30

(quar.)

Ola

7-

(quar.)

(accum.)

6-30

common

2*

6-23

56ViC

60c

—

Co.,

& Electric

preferred

Dome

Si

5%

37'/2C

$1.25

Ohio Water Service Co
Oklahoma

East

Providence

(quar.)

preferred

non-cum.

—

6-30
6-

1

7-

62 V2C

—

Ltd
Price Brotners Si Co., Ltd., 4% pfd. (s-A)
Procter & Gamble Co., common (year-end)_
8% prefeired (quar.)—
——
Prophet (Fred B.) Company
.—Propper-McCallum Hosiery Co.—
5% 1st preferred (s-a)
$5 2nd preferred (s-a)

Co.—

preferred
Send, 0%

3.90%

7-20

6-27

Inc.—

1

(annual)

Rome

25c

Co.,

7-

(quar.)..———

prior preferred

Sabine

7-

50c

6-30

$1

:

$2

4

7-20

5%

6-25

(reduced)

6-15

Ltd.(qi)ar.)

Roeser

1

(quar.)———

1

(quar.).

6-16
6-15

J45C

7-

preferred

Ohio

6-16

1

America

Car

1

25c

Corp.

Ages

Rockwocd & Company, 5% preferred
5% series A preferred (quar.)

*$1.50

$1.50

Co

(quar.)
Ohio & Mississippi Telegraph

1

(quar.)

Common

Steel

6-20

8-

Quarterly

6-30

7-

—

Inc.

of

Metals

1

.

1st preferred series A (quar.)——

Rothmoor

iquar.)

com.

preferred A (quar.)
Prestole Corp., 5% preferred

Ggilvie Flour Mills, Ltd., common (quar.)..
Ohio Edison Co., common (quar.).
4.4%

7-

6c

preferred

Co.,

Sc

Power,

Si

Light

6-10

50c

4»/2%

35c

Co. (s-a)
Norwich & Worcester RR., 3% pfd.
Oil

(increased)

Lambert,

Preseed

93 %c

——

Northwestern Telegraph

Scotia

1

Common

3%%

Oceanic

&

$1

Northland

Nova

7-

$1

6%

Power

preferred (quar.)
non-cum. preferred

90c

Greyhound Lines—
preferred
(quar.).
Northwestern Leather Co. (quar.)

Electric

Common

(s-a)

6-10

preferred (quar.)
Corp. of Canada, Ltd.—

6-30

(quar.)

Northampton Street Ry

5

3.60%

4

22V2C

(quar.)

preferred

$3.60

1

8

7-

*

convertible preferred (quar.)
Northern States Power (Minn.), common.—
$4.80 preferred

7-20

8-

7-

1

7-

'

Company, 5% pfd. (quar.)
Portland General Eiectric Co. (quar.)

$83/tC

4'A%

7-

60c

(H. K.)

Porter

$2

Central Ry.
<s-v)
Indiana Public Service

Northern

$1.75

$2.50

preferred

partic.

45C

7%

Oil Co.

Rock

10c

40c

$3.50

guaranteed (s-a).
(Interim).
North Shore Gas Co.
(quar.)———
North Star Oil, Ltd. 7% pfd. (quar.)
Carolina

North Central Texas

6-13

7-

6-20

1

7-

——-.—_

6-10

(quar.)

non-cum

Ltd

1

ISC

6-10*

..110c

7-

25c

6-10*

1

7-

Mills, Ltd

Little Co.,

of

1

7-

162«/2c

...

6-28

Paper Co.—

&

Cotton

Robinson,

6-27

7-

,

7

...,150c

(quar.)

Rochester & Genesee Valley RR. (s-ai-—.—
Rochester
Telephone Corp., common

Pocahontas—.

Creek

.

American

Robinson

6-20

—

7-

,

—'

preferred

4>/a%

(s-a)

RR.

(quar.)

7-

Common

North

Adams

North

&

Inc.

,

North

6-15

50c

—r—

75c

B_

6-30

Extra

1

6-14

„7-2;v„

„

22c

,

»

I

1

$50c

:—

25C

(quar.)
Plate Glass Co

75c

Corp.—

A

$2.50

$1.75

25C

dividend

6-15

7-

Plymouth Cordage Co., common
Employees' stock
Plymouth Oil Co. (quar.)

2

6-29
7-

6-30

6-

(interim)

Controls, com. (quar.)—.
20c
convertible preferred (quar.)
,.,29110
Robertson (P. L.) Mfg. Co., Ltd., common-'— > .<
150c

7-12

1

shares

4%%

7-15

7-

Ltd.—

Robert.shaw-Fullon

'

5

53 VaC

(qusr.)

1

8-

7-

IOC

common

9-

held)

common

American Rayon

Common

Co.,

Company (reauced quar.)

Pittston

Plough,

four shares of

Light for each

<te

American

7-20

Fort Wayne & Chicago Ry.—

Pittsburgh

common,

North

Petroleum

(quar.)

preferred

7%

Company—

Power

Fashion Mills

Common

(quar.)

$4 preferred

Inc.,

Mills,

Full

Pittsburgh

liquidating distribution (one share
$8.50 par value, of Kansas

new

Governor

Pierce

Car

S2 convertible preferred

75c

6-20

—

5-31

Holderg

Payable of Rec.

Antelope Copper Mines—

American

15c

Pilot

(quar.)—

6-30

Roan

$1

Pillsbury

6-14

40c

(quar.)——

tlOc

Mills,

participating class A preferred (quar.)-".

$2

7-14
6-14

15c

7-15

2

8-

1
1

40c

7-15

1

140c

_

8-

7-

Share

Company

Silk

Riverside

7-14

1

8-

Name of

6-30

7-15

When

Per

Payable o/ Rec.

90c

Co.—

1

87-

30c

•

$r

Monday, June 27, 1949

Holder»

50c

——

Ry.

Northern

Si

$1.25

$1.25

(quar.)

Partial

(quar.)______—

Piedmont

(quar.)

2r.d

Cash

7-

$1.06 V*

50c

Morris Si Co., Ltd., common (quar.)
4% preferred (quar.)
3.60%
preferred (quar.)
Phcenix Insurance Co.
(Hartford)
(quar.)..
Pickle Crow Gold Mines, Ltd..:—1
Philip

6-15

7-

Share

of Company

20c

1st

$%

North

Name

6-30

93 %c

%'Jc

North

9

933/«c

Electric Corp., 3%% pfd. (quar.)_
Newport Industries, Inc., 4'A% pfd. (quar.)
Niagara Hudson Power

North

7-

(guar.)

common

iquar.)

Newport

Nicholson

Holderg

CHRONICLE
When

Per

Payable of Rfc.

$1.50

(quar.)_

FINANCIAL

&

COMMERCIAL

THE

(2796)

52

7-

1

6-16

$1.25

7-

1

6-2b

6-15
1

—

yolume 169

THE

Number 4815
When

Per

Name of

Company
Public

Southeastern

Telephone

Co

Co

Southern

Advance Bag & Paper Co.

Southern

California Ediscn,

common

(quar.)_
(quar.)

4.48%

preierred (quar.)
convertible preference

4.56%

convertible
California

Southern

(quar.)
(quar.)——

preference

6%

6 7o

Ice

Co.,

preferred

$7

Southern

common

&

Gas

.__.™4

Co.,

Riecinc

preferred (quar.)
Southern New England Telephone
Southern

Co.—

3.90%
4.15%

5%

Stahl-Meyer,

1

8-15

1

7-15

8-

1

7-15

8-

1

——

7-15

7-

1

6-15

7-

5

6-15

47 Vic
25c
25c
$1
$1
50c

7-

1

6-15

6-30

6-20

1

6-13

8-

1

7-15

8-

1

7-15

7-

1

6-17'

7-

1

6-20

6-30

6-27

6-30

6-27

...

—

$1

(quar.)

—!
(quar.)

(reduced

25c

1

$7 prior
Standard

Class

/

r

B

Class

B

<quar.)—_:

Class

B

Ltd., class A

(quar.)
—

———-—

Starrett: (L. S.)

Steak

Company.—
Inc.

Shake,

n

——

(quar.)

—

Lithograph Corp.—
(quar.)
(quar.)
5%
(quar.)
Stedman Bros., Ltd.
(quar.)
Steel Co. of Canada, Ltd., common

8

8-15

8-

7-

1

8-

1
1

6-

Participating

Stern

:-

Stewart-Warner
Baer

&

(s-a)
Corp.

—

common

.,..———-

(quar.)—
—
7% 1st pfd. (quar.)—

Fuller,

.

Stop & Shop. Inc. (quar.)
——
Strawbridge & Clothier, common.—4-

..

$5 preferred .(quar.)—.—
Stromberg-Carlson Co., 4% pfd. (quar.)
Struthers Wells Corp.—
.

Chemical

Corp.,

Sunshine

-

"

Mining Co.

Swift

Co.
Ll

of

United

Income

United

Industrial

July

7-

the

above

7-

1

7-

1
1

6-24

registered

8-

1

1
1

U.

U

,4% preference (qUar.)_3
Taylor-Colquitt Co. (quar.)

Dye

Works,

7-

7

7-

1

6-17

7-

1

6-

6-30

6-28

6-29
8-

8-

6-30

U.

5

West

Kootenay

7-12

7%

7-

1

6-14
6-

7-

4

6-10

1

6-10

5-31

7%

7-

1

6-13

West.

6-30

6-10

50c

7-

1

53c

77-

U.

$5

7-

5

7-

5

5-24

Western

$1.06'A

7-1

6-23

7-

1

6-20

Western

7-

5

6-15

Western

7-

5

6-15

5%

6-27

5%

$1.40

(quar.;

62'Ac

(quar.)

37'Ac
50c

(Baltimore)

•

$1

$1.75

7-15

1

7-

1

5-10

5%

7-

6

6-15

7-

6

Co.

6-15;

Co.

6-30

6-

1

$1.75

7-

1

6-15

$1.25

6-30

6-21.,

7-

6-15

7-

1

S.

7-

U.

6-30

6-20

7-15

6-

7-1

6- 3

3

7-

1

6-

7-

1

7-

S.

U.

1

7-

6-

1

6-15

„■

Shoe

Corporation,

7-12

7-

Wico

7-

6-23

1

6-

1

6-20

1

,6-20

7-

2

7-

1

1

6-15

1

6-15

7-

1

6-15

7-

(N.

7-

1

6-15

7-15

7-

1

7-15

7-

1

7-15

6-27"

7-15

6-27

$8.75

Stock

7-

6-30

(quar.)

17 tec

7-15

preferred

50c

6-30

6-

20c

6-30

United

Walfpaper,

6-10

2

6-10

2

6-10

7-

1

6-22

6%

preferred

1

6-15

6%

preferred

A

preferred

(quar.)

6-30

„

7-

25c

6-30

8-

1

7-14

8-

1

7-14

7-

1

Wiser

6-20

30C

6-24

'/2 %

6-15

6-15

__—

€-30

6-15

4—4.——————

35c

7-

1

6-10

$1.02'/2

7-

1

6-10

7-

1

6-10

Utah

Power

7-15

6-30

Utica

7-

1

6-15

1

6-10

*1

6-30

6-16

preferred (quar.) 4—_——
$1.25
Textiles', Inc., common......—,,—25c
14%
prefeired (quar.)—4—
—
25c
Textron, Inc. (New Hampshire)—
,-l^.j., .1- >•*
,"$2.30 preferred (quar.)
4:
*57'Ac
Textron, Inc. (Rhode Island)., com. (quar.)L
25c
$1.25 convertible preferred (quar.)
31'Ac
Thermoid Company, $2.50 preferred (quar.) _
62'Ac
Thor
Corporation (reduced)
—
:—
25c
Thorofare Markets, Inc., com. (increased) __
25c
5%
convertible preferred
(quar.)
31'Ac
5% Eon-convertible preferred B (quar.)—
31VAC
Thrift Stores, Ltd.
(quar.)_t25c
Thrifty Drug Siores, 4'A%• pio. A (quar.)—
$1.12te
4'A% preferred B (quajr.) ——4—4
$1.06'A

6-30

6-16

Corp.

Tennessee

_—

—

Tennessee Gas Transmission
»

Ci.mmon

,4.10%
4.257c

^

Tennessee

Texas

Texas

AS%

Odin

<

Company

Pacific

>4-.——r—

quar.)

$1.06'A
1—lCc

___—

Insurance—1—1

Products

prefeired
&

Co.—

prefeired (quar.),
pieferred

Tennessee

8%

(quar.)

&

Chemical

Ry.,

"

common—i

non-cum.

,

•

7•

1

(quar.)_j—




60c

7-

1

6-18

7-

1

class

Sugar Co.—
A

preferred

Wood

&

Light

1

1
1

56'Ac

10-

1

9-28

$2

7-

1

6-15

$1.12 te

7-

6-28

6-13

7-15

6-13

7-

1

6-13

6-15

6-30

6-24

40c

Co

prior

7-

6-

62 tec

prior

62'/2C
62 tec

6

Common

—

1

7-20

7-11

6-28

Vapor Heating Corp.
5% preferred (quar.)
5% preferred (quar.)
Velvet
Freeze,
Inc

7-

1

6-17
6-17

7-

7-

1

2

6-30

6-30

;

i

6-17

,B-15
6-10

6-10

4VL%

preferred

6-20

1

9-20

Yankee

12-22

Viau, Ltd.,
5%

common

preferred

Vi«tor

25C

7-

1

6-15

6-30

G-10

6%

$1.25

7-15

77-

9-

1

32-10

12-

3 '/:> %

iquar.)

preferred

Works,

1

7-

1

Li-

2

,6-10

$$.125

7-

2

40c

87'AC

,(quar.)

preferred

(quar.)

933Ac

Brothers,

6-17

6-27
6-30

^Payable'
resident

•1

6-20

a

1

6-10

6%

participating

preferred

(accum.)

7-30
7-1
7- 1
7- 1
6-30
6-27
7- 1
7- 1

7-20
6-15
6-17
6-17
6-13
6-22
6-15
6-15

37'Ac
56Y4C
$20c
$2
50c

common

62'Ac

books not

Less

in

tax

closed for

S. Funds, less

•

!.

Canadian

15%:

funds,

$1.50

7-

1

Canadian non-residents' tax.

dLess

3%

xLeSs 30%

6-15
f

'

tax.

■

t

,■

.mi <

-

~

■

i:

<

V

■

f

,<> •

K ^

'•

•'
.

,■ ■

s

.«•''*

Wisconsin dividend tax.
Jamaica income tax.

Non¬

deductible at the source.

tax

resident tax 7%.

British income

»

thi3 dividend,

15%

'•
.

7-

6-10
6-21

37'Ac
Cc

—.

(reduced)

Virginia-Carolina Chemical Corp.—■.
,

7- 1
6-30

25c
10c

—

(quar.)—

preferied (quar.)

♦Transfer

6-15

7-

5%

6-15

f25c
—-—--

6-20
7-20

6-20

'

Corporation

tPayable In U.

common

8- 1

6-30

1

7-

$56c

—

Co,

Mfg.

Corporation, common (s-a)
—4 te %
pieferred (quar.)
York Knitting Mills,
Ltd., class A (s-a)—,f
Young (Thomas) Orchids, Inc. (increased)-

1

9-10

7 tec

1

6-1

6-15
6-15
5-31
6-13
6- 9
6- 9
6-25
5-27

60c

—

York

1

7-15

Tile

Fibre

convertible

Yolande

Younker

(quar.),—

Chemical

Metal

Yellow Cab Co.—

••

(quar.)

7-1

25c

1

Verney Ccrp. of Canada, Ltd.—

7-' 1

8-

6-10

$1.25
12'Ac
$^0c
50c
50c
$1.25
t40c
$3'/2c

(monthly)

7-

26c

—4_4__—

(quar,)^

E

6-10

7- 1

5%

dividend)

10-

$1 25

prefeired

6- 4

7- 1

—

1-3-50

$1.25

preferred A .(quar.)—

4E%

(stock

7-15

6-30

15c
Steel

7-31

8c

25c

(quar.)

& Boilev Works—
Yale & Towne Mfg. Co.—

Company—

-5%
■

6-30

—

1

20c

B.'j

Co,
^

(Alan)

Wyatt

preferred (quar.)
preferred (quar.)—.—
preferred (quar.)..,—
Utility Appliance Corp., $1 conv. pfd. (quar.)
Van De Kamp's Holland Dutch Bakers, Inc.

,.

:

,

1

15C

prior

(J.

$$2.50

d$1.50

Power

(quar.)
Investment Co.—1

Oil

-

.

6-25
5-16
5-16

7- 1
6-30
——
—
6-30
6-29
Woodward fiz Lothrop, common
—
6-28
5%
preferred (quar.)
'-••—
6-28
Wool Combing Corp of Canada, Ltd.™,—_
7-11 "
Wright-Haigreaves Mines, Ltd
"
7- 2
Wrigley (Wm.), Jr., Company—V
Common (monthly)
i
' :
25c
7- 1

9-28

7-

5%

Sciver

7- 1
6-30

-

-

preferred (quar.)
Petroleum Co
Woods Mfg. Co., Ltd.Woodward Iron Co. (quar.)---

6-28

10-

56'Ac

5%

Van

56'Ac
$70c

7-29
/ »•',

(quar.)

Common

r

(quar.)—,.

6-18

Tide Water Associated Oil

$3.75 preferred

Utah-Idaho

5%

Corp.—

10c
iquar.)——-«——75c
(quar.)—__1

4'/2%

6-24
6-1
6-13

(quar.),

common

Electric

Extra

Knitting Co.

7-

7-

75c

series B

1

1

7-, 1
7-2
7- 1

•
30c
$1.06'A
75c

5%

75C

(quar.)
preferred (quar.)
Upressit Metal Cap, 8% preferred (accum.)
Upson Company, 4'/2% preferred (quar.) —
4

7-

preierred

.

$1.12'A
$25c
$1.06'A

j

Woodley

(quar.)
(quar.)
series B preferred

7-

7%

6-30
7-15
6-30
7- 1
7- 1
7- 1
8-15

preferred

Wisconsin

1

Upper Michigan Power & Light Co.—

25c

/
(quar.)—44—

———

—

——

25c
25c
25c
30c

—i-

&

6%

6- 3"
6-3
6*30
6-14
7-20
7-20
7-20
6-30
6-22
7- 1
6-15
6-20
6-20
6-20

10c

(quar.)_—

& Lovett Grocery

Wisconsin

6-11

7-15

5CC

—

A

7-

8 7o

IOC

$2

1—

Extra

2

7-

3

6-15

7- 1
7- 1
7"20
7- 1
8- 1
8- 1
8- 1
7-15

Corp

Co.

4'/?%

50C

r

pfd. (quar.) —
Universal Cyclops Steel Corp.
(quar.)__T,—
Universal Leaf Tobacco, common (quar.J—
Inc., 4%

—

Company, $4.25 preferred (quar.)
Co.
preferied A (quar.)
Winnipeg Electric Co., common (increased).
5%
non-cum.
preferred (s-a)

6-11

.l

Corp., $4.20 2nd preferred—
Utilities, Inc. (s-a)—

Ltd.

Wilson

Winn

6-20

Stores

——
—

7- 1

$1
$1.25
15c
50c
50c
50c
$1

Corp.

Oil Co.,

Wllsil,

6-15

$15C

United

683Ac

——

Willys-OverJand Motors, Inc.—
$4.50 convertible pieferred series A (quar.)

6-15

l :

jlj.

Oil

River

Electric

Wilcox

Yards Corp.—

convertible

70c
United

(quar.)

Y.)

Ltd.

Corp.,

6-15
6-15
6-15

' -

(increased)
'
Wico Electric, 6% preferred A (quar.).__—
Wieboldt Stores, common (quar.)
$4.25 preferred (quar.),
6%
preferred (quar.)

6-20

25c

(ouar.)

Co.

United

4-26

7-

Trust
Steel

1

7-

7-

preferied

S.

United

8-23
6-10

7- 1
6-30
7- 1

$25c
25c
12'Ac
75c

(quar.)_

(quar.)__

Co.__„_

Paper

Whiting

1

75c

'

9- 9
7- 2

50c

(quar.)..-,™—

Sewing

Wichita

6-15

62 tec

;

8- 1
11- 1
,2- 1
6-23
6-16
9-15
6-15
6-10

common

Machine, common
$2 prior preferred (quar.)
$4 convertible preferred (quar.)

6-15

,

Mining—

&

$1.25
8-15
$1.25
11-15
$1.25 2-15-50
50c
7-11
*1.25
7- 1
$1.25
10- 1
25c
7- 1
$1.50
7- 1

—.

Whitaker
White

11-30*

1

933Ac

(s-a)____

common

Smelting, Refining
Common (reduced)

U.
6-17

6

$50c
50c
25c

——

1

7-

87 tec

S.

7-20
6-20
6-15

(George), Ltd

prior prelerred(quar.)
Whitehall Fund, Inc
4—

?

25c

U.

3

7%

56'Ac
$25c

7-

25C

S.

8- 1
7- 1
7* 1

preferred. (quar.)__

$6

Instrument

$5

6-20

6-30

15c

12-20

50c

Plywood Corp., common (quar.)
33A% preferred A (quar.)
U. S. Printing & Lithograph Co.
5%
preierred
(quar.)

6-15

1

25c

—

(quarj-

Playing Card

6-17

62'Ac
$1.50
75c

(quar.)

Inc.

Extra

8-31*

0-20

50c

U.

6-17

1

6-15
6-15

-

Stationery Corp.,

Wheeling & Lake Erie Ry.

J.)
22 '/2C

7-15
7-15

.

Wheeling Steel Corp.,; common...,,.—..—

75c

6-17

1
1

7-

8

J50c
$35c

;

preferred (quar.)
preferred (quar.)

Westmoreland Water,

6-15

6-20
6-20
6-24

—I—

Weyenberg Shoe Mfg. Co. (quar.)Wheeler Osgood Co., 50c conv. pfd.

Quarterly

7-

&

6-30

——-

6-15
6-15
6-30

Co.—

RR.

Tablet

7- 1
7- 1
7-15
6-30
7* 1

(s-a)

6-21

*

$40c
40c
40c

;

(quar.)—;

Pacific

8-15

$1.12'A
$1.25

— -—

(accum.)

A

Light fit Telephone

6-20
6-20
6-15
6-15
6-15
8- 1

$1.12'A

(quar.)

6-30

(quar.)

(N.

A

Weston

7-

7- 1
7- 1
7- 1

Co.—

$1.50

preferred (s-a)
Pipe & Foundry Co.

$1.50
25c
25c

$1

6-21

(quar.)

preferred

class

Westmoreland,

$1

6-20

:

6-30

60c

7-15
7-15
7-15

—

$1.12'/2

:L
(increased quar.)_

com.

6-17
7-18
7-18

——

Securities

Insurance

Weston Electric

(quar.)

Co.,

6-13

6-30
8-15
8-15

$1.05
$1.02'A "

preferred A (quar.)
preferred A (quar.)
preferred A (quar.)

5%

6-15

$1.75

—

6-30

(quar.)..

com.

Ltd., class
(quar.)

Grocers,

preierred

Western

5-10

7-

7- 6

20c

(quar.)

Paper,

&
;

6% preferred

5%

(quar.)

Pulp

(quar.)
Casualty & Surety Co. (quar.)
Department Stores (quar.)

Western

6-20

30c

7-15

37'Ac

(quar.)—

pid.

preferred (quar.)
Breweries, Ltd.

7-11

%

8- 1

$1.12'A

Western Electric Co

5-24

6-17

,

preferred

Western

6-15

7- 2

17'/2c

(quar.)
West Virginia Water Service Co.—
$4.50
preferred
(quar.)
L—

20c

Lines

S.

Virginia

8-11
6-15

7- 1

$$1.75

—

$6

Co.,

Special
4 te %.

$2.50

Co.

Utilities

Texas

6-13

6-30

Co.

Power

West

L_—

1

7- 1

$1.75
$1.50
$1.75

preferred (quar.)
prefeired B (quar.)
4.10% preferred C (quar.)

1

53'Ac

...

4.20%

Inc.—

4Va 7o

6-14

Penn

West

al7te%

—

Co

4'A%

6-23

1

6-16

Power

preferred (quar.)—
preferred
(quar.)—

6%

7-

6-15

7- 1
8-16

(quar.)

$7 class A

6-30

7-

fit

—

& Light, Ltd.—
(quar.)—_—
West Michigan Steel Foundry
...
7% prior preferred (quar.) 4.-.— ———
West Penn Electric Co., com. (increased)-..—

9

7- 1

50c
$$1.75
20c
35c

preferred

Foreign

1st

Snowdrift

Wesson

7-12

1

Co.—

preferred

S.

Oil

6-30

1

7-15

6-1

Company,

8-

7-15

& International Securities Corp.—

S.

fit

(quar.)

preferred (quar.)
Wellington Fire Insurance Co. (s-a)
Wellington Fund, Inc. (quar)

6-20

6-30

7-1
7- 1
7-15

Co.—

convertible

4%

8-

$1

B

Gypsum

7%
U.

5

11-

35c
$1
fl'Ac

•

1

10- 1

7-15

(quar.)

7-18

8

.

(quar.)

Guarantee

S.

"Weeden

6-20

7-

preferred

Western

Securities Corp.—
$4.50
1st preferred
(quir.)
$5 2nd preferred (quar.)
S

5%

6

& Fixture

Showcase

Weber

Western

Machinery, common

$1.75
30c

Extra

Telluride Power,

.

per

(quar.)

Shoe

&

$5
8-15

11-15

175c

1———
,

2

6.36%
share plus

(final)

preferred

preferred

S.

U.

6-10

7-15

———_

(quar.)

Taylor Instrument Cos.. (quar.)

8-

Mills iquar.)
Wealherhead Co., $5 preferred

10-15

t20c
25c
35c
$1.25

-

(quar.)

Co.

Knitting

Wayne

$2.50

prefeired

7%

6-21

7-

40c

f

3

Jersey Railroad & Canal Co.—

Piece

Class

7-20

7-

7-15

_

Ltd., common

6-

a 2'A

New

7-

(G.),

1

6-21

7-

7-

dividends.

$4 convertible preferred
7%
preferred
(quar.)

6-21

Motor

Co., Ltd.—

U. S. Foil Co., class A

6-15

Ltd;

Waukesha

the

$101,

at

at ,$105

United Printers & Publishers

1

Wateious,

20c

;

6-16
6-16

31'Ac

6-10
9-10

Y.) —

N.

Quarterly

6-17

7-

Tambiyn

6%

7%

Molasses

Ordinary

1

7-

9

$$1'.25

——;

preferred (quar.)_.

The

1.
tho

Finishing

Ltd.—

Sylvania Electric Products,-Inc., common—
$4 pieferred -(o.uar.)———„4——
Sylvanite Gold Mines. Ltd
1—
Talcott (James) Inc., common (quar.)—_—
4te%

(irreg.)

6-25
6-25
7- 1

!

Common

2
3

65C

(s-a)

(Brooklyn,

Fidelity & Guarantee

6-30

25c

(quar.)

(quar.)

Shares

Bank

S.

7-15

6-23

1

710-

25c

(The)

7- 1
7- ,1
7-15

$1.50
12tec
12 tec

(quar.)

25c

175c
4

Co.

S.

7-

7-

preferred

class A

Ncn-cum.

Waterloo, Cedar Falls fit Northern RR., com..

1

55c

Fund

and

6-16

7-

50c

,

7-5

6-16
6-3

(quar.)

$1.75

(accum.)

Quarterly
United Light & Railways Co. (Del.) —
6%
prior preferred
;
6.36%
prior preferred
7% prior preferred
The three preferred issues shown above
are
being called for redemption on

6-16

6-14

7-15

Common

15c

(quar.)__

preierred

U.

1

6-30

50c

(quar.)

6-18
6-24

Washington Title Insurance Co.—

9-20

85c

Co.

U.

1

Warner

6-20

1

125C

Ltd. (s-a)
class A

Corporation

6%

6-24

1

50c

Corp.,

Improvement

United

1

7-

112 tec

Inc

7- 1
6-30
7- 1
1- 1
7-16

Pictures

Brothers

7-

50c

Ltd._~

37'/2c
25c
25c
$1.37'A
$3.50

(s-a)

10c

Share,
Tool

6-17

7-15

50c
25c
26i96c
28'Ac
90c
L
15c

(s-a) 4—_—
America—-—4————:—

Company

&

&

€-30

$$5

(quar.)

Corp.;

■«

(quar.)

Gas

$4.25

6-16

10-

$1

Y.)
(quar.)
(quar.)

Circuit,

Gas

United

5

62'AC

37'Ac

Illuminating

7

7-

Warn River KK.

(quar.)

Omaha,

6-15

'7-

6-21

62'Ac

(quar.)

United

7

7-

<

1

1

75C

A

Superior Steel Corp.
Supertert Petroleum
i. Ordinary bearer
$1.59 preierred B
Sweets

7-

1

6-30

7-

7-

5-31
5-31

5%

$1.25

6-30

62tec
10c
$1.12

;

common

(quar.)
Sun Life Assurance Co. of Canada
Sunueam Corp., new com. (initial quar.)
Sunray Oil Corp., common
(quar.)
4'A%
preferred series A (quar.)
4'/2%
preferred series B
(quar.)—
Sunset Oil Co. (Calif.), $3.80 pfd.
(accum.)
preferred

$4.50

1

8-

50c

,

Sun

Bond

Co.

United

7

8*

7-

7-15

6-24

5-31
5-31

6-30
6-30

25c

1S1.75

(quar.)

Ltd

of

Theatre

class A

6-15

1

31'Ac
31'Ac

prefeired
(quar.)
$1.25 preferred (quar.)_.
Studebaker : Corporation (increased)
Suburban Propane Gas Corp,—
5% ; preferred (quar.)
—
$1.25

j

,

pfd.

1

6-30
6-30

62'Ac
30c

$1.50

8-10

11-10

7-

7-

62 tec

:

(quar.)

Corp

Co.

Drill

Drill

United

5c
5c

8-15

7-15

$1.50

6-15

6-30
6-11
6-17
6-17
6-20
6-15

class A

11-15

31'AC

Co

Artists

United

Company,
Products,

2bc

6-17

7- 1

7-15
7- 2
7- 1
7- 1
7- 1
7- 1

B

preferred (quar.) _1
—
6%
preferred (quar.)
W'alt
Disney
Productions
—
6% convertible preferred
(quar.)_
Walworth Company
(reduced)
Ward Baking Co., common (quar.)
5'A% preferred (quar.)

7-1

7bC

Yards

Twist

United

12-15

2

8-

Vitamin

(auar.)__

Dyewood

9-15

7-

&

Walker

Co.

Canada,

RR.

6%

6-15

12-31

25c
25c
15c
25c
$1.25
EOc

Stokely-Van Camp; common
;
-5%. preferred
(quar.)—

•

of

Sulphur

9

6-30

56c
50c
$1
25c
433Ac

(quar.)
Company,

B.)

(John

preferied

Carbon

Fruit

6-15

9-30

$1.25
$1.25
$1.25
! $20c
t75c
$433Ac
131'Ac
20c
25c
87'Ac

Walker

6-15

—

(quar.)
class A (quar.)

Inc.

10c

Rubber

Stock

Textiles,

preferred

4'A %

Stetson

Stix,

——

Products Co——
Inc., 3'/2% preferred (quar.)

Stem

&

8%

—

Aluminum

Sterling Drug,
.

—

Engineering—

Products

Steel

Sterling

V

(quar.).
(quar.

preferred

participating

7%

.—

6-15

2

53 Yec

Extra

preierred
preferred
preferred

5%

&

Co.

B

s-a)

(quar.)

System,

Class

Corp., 7%
pfd.
(quar.)
United Fuel Investments, Ltd.—

6-17

1

2

7-

(quar.)

7-11

7-

7-

preferred

7%.

7- 8
10-10

10c
(reduced

25c

&

United

5

6-29

Waldorf

1

9- 9

7-20
10-20

65c
$25c
25c
$1.75
25c
62'AC

Co

Corp.

Co., Ltd

5c

Pacific

Stecher-Traung
5%

Trust

United

6-17

6-30

6-15

Co.___

Class

7-11

8-

7-

2

9-20

35c
35c

25c

(quar.)
Co.
(N.

Investment

•United

6-17

1

7-

7-11

125C

Corp.

Union

6-21

6-30

St

Gas

Union

Iron

&

Cotton

7-

(irreg.)

Inc.

Asbestos

United

Mold

Vulcan

125c

87tec

pfd. (quar.)_
preferred (quar.)

$1.50

Salle

Corporation

Union

6-21

7-11

Wabasso

5%

Union

7-15

7-11

Wabash-Harriscn

6-17

7-

40c

62'AC

Co.,

La

$2
75c

preferred (quar.)
preferred (quar.)—:

1$1.12'A

7%

Transit,

37'Ac

Wagner Baking Corp., common

Co.

Ltd.,

Co.,

Union

6-15

1

6-15

1

(quar.)

(quar.)

Union

6-24

8-

6-15

1

7-

Quarterly

6-30

7-15

tlOc
60c
50c
5c

—

(quar.)

Stanley'-Works

7-

$15c

—————

(quar.)___

preferred A (s-a)
Standard Silica Corp.
(quar.).
Standard Stoker Co. (reduced)
6%

Stanley Brock,

Coach

South

Union

6-30

25c

3%%

Co., common

8

1

7-

„

class A

Insurance

Rapid

Underwriters

6-30

7-

$3.50
tlOc
tlOc
60c
$3
12'/2c

pfd. A (quar.)Standard Power & Light, $7 pfd. (accum.).
Standard Radio, class A (quar.).—
Standard Screw

Corp.

Tobacco

Udyhte

6-30

7-25

93%c"

—-

—

Oil .(Ohio),

Standard

7-25

15c
15c

—

7%

25c

Tybor Stores,

6-18

1

6-15

Quarterly

6-18

7-

2.

Co., $1.25 pld. (quar.)„
Corp., $6 prefeired (quar.)_

Products

City

208

6-18

1

$1.50
$1.75

.

.

Holding Corp.,

1

7-

7-

Products

Twin

"■

:

.

preferred (accum.),
preferred (accum.)-class A

$6 prior

I

Electric—

&

7-

75c
25c

(quar.)

7%

115c
1 $ 1.25

.

,

Quarterly

United

(quar.)
& Steamship Corp.,-common

Patricipating
Gas

7-

6-15

65c

(quar.)_

Company—
convertible preferred

Trinity Universal

7-15

1

2

6-30
7-15
6-30
6-15

7-30
8- 1
7-15
6-30

25c

(quar.)__

preferred

Common

7-

Corp.—
preferred (s-a)

Union Carbide

prior preferred.

participating preierred

Standard

Trico

Corp.

Factors

prefeired

8-

6-15

115c

(quar.)_

common

A

Finance

Tri-Continental

7-13

8-

4

(year-end)

Company

prior

ibi'/e

6-20

9-

1

7-

Tralimobile

6-15

7-15

class

Corp., Ltd.,
Cias
B
(quar.)
4'/2%
preferred (quar.)

6-30

Ec

:

(quar.)—

Standard Fruit
$3

7-15

8-18

9-

HOC

Securities

Traders

7-15

183Ac

iquar.)__
(quar.)______

Standard-Coosa-Thatcher Co.

75c

1

8-

7-1

$4 preferred A

Common

6-15

convertible

4%

Virginian Ry., 6% preferred (quar.)-'
Corp., $4.50 preferred (accum.)!
$3 prior preferred (quar.)
Vulcan Detinning Co.

Vulcan

$1.06'A

(quar.)

Mortgage Co., Ltd

$1.75

6-20

6-30

$4 preierred

Standard

1

b-30

50c
92'Ac
97'Ac
$1.033/4
$1.25
10c
$3c

Springfield Fire & Marine Insurance Co.—
Quarterly
—
Square "D" Company (quar.)
—
—

'

7-

Works, Ltd.,

participating

Towne

6-20

1

125c

Iron

Twin

Squibb & Sons, common (-extra)—

*

1

Co.—

(quar.)
(quar.)
Inc., $2 to $5

6-15

Tuokett

(quar.)

Sovereign Investors.' Inc.
Springer Sturgeon Gold Mines, Ltd
'

7-1

$1.75

_•

Edison, 4'A% preferred
Ltd.
(interim)

Bros.,

Extra

—

(quar.)

preierred

6-15

Holder*

Payable of Ree.

Share

Iron Coal & Coke—

Virginia

6-23'

1

Torrington

6-21

7-

40c
Fublic Service

6-

1

7-

Treesweet

Quarterly

preierred
preferred
preierred

2

7-

6-20

$1-25
(Texas)

7-

$1
15C

Toronto

7-20

7-15

6-23

40c
50c

—

preierred (quar.)
Southwestern Life Insurance

3.70%

6-30
6-30

8-15

$15c
(quar.)

& Allied Stocks,

Toronto

-

,

5%

Southwestern

7 %

Name of Company

6-20

(irreg.)

Tooke

60c

7-15

1

When

Per

Holder

7-

Inc.

Toledo

Electric Co.—

&

Gas

Tobin

5

7-15

$1.20

(

Co

Oxygen

Southwestern

Common

7-

7-31

37V2C

com—

(initial),

common

5

25c

^

4.8%

New

5

7-

$1-75

(N. C.)

Co.

(quar.)

Indiana

6-

7-31

When

Payable of Rec,

25c

5$

(2797)

CHRONICLE

Packing Co., common
pref ened (quar.)

Tobacco

5

6-30

Share

1

(reduced)

Tip Top Tailors. Ltd.____

5

6-

$30c
$$1.50
30c

.

iquar.L

Southern Fire Insurance
Southern

7-

6-30

—

(quar.)

prefeired

6-14

7-31

37'Ac
37 Vic
Ltd

Southern Canada Power Co.,
Common

6-15

6-30

Timely Clothes, Inc.

Co.—

Gas

preferred (quar.)
preierred A (quar.)__

6%

6-30

27c
28c
28'Ac

cum

Per

Name of Company

6-20

50c

'■

participating original preferred (quar.)

5%

4.32%

7-1

10c
20c
25c
50c

FINANCIAL

&

H older 4

Payable of Rec.

Share

Service

Southeastern

COMMERCIAL

<

'".'t

..

-iir-U

,nt

♦; Ti

.

ifT (2798) **

THE

COMMERCIAL &

STATE AND

Monday, June 27, 1949

FINANCIAL CHRONICLE

DEPARTMENT

CITY

BONO PROPOSALS AND NEGOTIATIONS

ALABAMA
Phenix

Warrants

$300,000

price of 101.80, a basis of about
2.56%, as follows:

City, Ala.

Sold

water

issue

An

—

works

2%s.

as

35,000

1950

Due
to

3s.

as

Due

April

on

1956

1

1950 to

April

3V4S.

Due

1964 to

1971

as

1 from

inclusive.

1949. Denomina¬

Principal and interest
(A-O) payable ac tne Phenix-Girard Bank, Phenix City.
Warrants

bonds, scheduled for June 22, has

pon

2 y4%

The

of)

2466—were awarded

p.

to

a
combined syndicate headed
by the Bankers Trust Co., of New
York,
and
the
First
National
Bank, of Chicago, at a price of
103.87, a basis of about 1.92%.

Dated June 1, 1949. Due on Feb. 1
1951 to 1970 inclusive.

from

California (State of)
Sale—The $1,800,000

Act

Principal and in¬
(F-A)
payable
at
the
County Treasurer's office.
Bid¬

of

Harbor

1929

21—v.

169,

$1,800,

offered

June

2466, were awarded
Kidder, Peabody & Co., of
New York, and Associates, at a
price of 102.88, a basis of about
-2.20%, as follows:
p.

issue

B

bonds.

Dated Sept. 1, 1946. Due on
Sept. 1 from 1969 to 1976 in¬

March

payable

1

C

1955

for

to

exceed

5%

bonds, divided

interest

as

school

follows:

$13,000,000 City Sch. Dist. bonds.
Due on
Jan.
1, as follows:
$400,000 in 1954, and $700,000
1955

to

1972

inclusive.

6,000,000 City

High
Sch.
Dist.
bonds. Due $300,000 on Jan. 1

on

from 1953 to 1972 inclusive.
Dated

-

Commerce

&

Bank

Jan.

Board of

Trust Co., of St. Louis, Estabrook
&
Co.,
Hornblower
&
Weeks,

Braun, Bosworth & Co., Inc., Geo.
B. Gibbons & Co., Inc.,
Bacon,
Stevenson & Co., W. H. Morton &
Co., and Byrne and Phelps, all of

Bank

second

of

highest bidder

America

National

was

Trust

&

Savings Association, San Fran¬
cisco. and
Associates, at a price of
102.83.
"

Los

school

of

were

sew¬

awarded to John Nuveen &

about

3.66%,

—

The

bonds offered

The

$1,600,000

June

America

National

21—v.

Trust

as

Schwabacher

&

Lawson,

Co.,

Levy & Williams, both
Francisco, and Magnus &

Of San

Co.; of Cincinnati,
>

,

•*

23/4s, [at

as
It

'




I,

'•/

Due

June

on

15

1962

Due

June 15

on

inclusive.

1965

to

2y2s. Due

as

June 15

on

Bank

3V2s.
1971

June

15, 1949.

second
of

on

1974

a

' V

Palo

July

highest bidder
National

1

was

Trust

Savings Association, San Fran¬
cisco, for $95,000 as 4s, and $102,000 as
3%s, at a price of 100.15.
Ontario Sch. Dist., San Bernardino

County (P. O. San Bernardino),
Calif.
school

bonds

v.

—

The

offered

June

awarded to

ings Association, of San Francisco,
at a price of
101.27, a basis of
about 2.26%, &s follows:
$150,000 as 3^4s.
Due'on July 1
from 1950 to 1952 inclusive.
,

Co., of San Fran¬

2577—

p.

Stranahan,

1

from

The

1, 1949.

1951

to

Due«

1969

in-,

second

Angeles County (P. O.

,

County

Clerk,

sealed bids until 9

.

Bond

l

Clerk

Ost-

5%

the

I.

„>
-

Holland,.

Commissioner

of

Revenues, will receive,

Childs

bonds, divided

follows:

as

interest

$200,000 road improvement bonds/'
July 1, 1949.
/ / Due on Jan. 1, as follows:.
Denomination $1,000. Due on July
$6,000 from 1952 to 1976 in,/
1, as follows: $10,000 in 1951 and
elusive; $10,000 in 1977, and •
1952, and $15,000 from 1953 to
; .$20,000 in
1978 and 1979//
1.970 inclusive.
Principal and in¬
100,000 hospital bonds. Due on.
terest (J-J) payable at the
County
Jan. 1, as follows: $3,000 from
Treasurer's
school

bonds.

Dated

authorized

for

Feb. 4.

on

3%

of

Co., John Nuveen &
Co., and Stern, Frank & Meyer,
jointly, for 2y4s, on a bid reflect¬
ing

net

a

interest

cost

of

Sale—The

$80,000 utility
14—v.

awarded

America

to

basis

Oct. 1,

of

169,

Trust

about

1948.

3.94%.

of

Due on Oct. 1

about

per¬

of¬

Due

to

exceed
Dated

bonds.

5%

Aug.

interest school

1,

as

New

London. Conn.

Sold—An issue of $503,bond has been sold to the
National

1.80s,

as

at

Bank

of

Boston,

price

a

of

par,

as

follows:

(F-A)

Principal

14

bonds.

June

Due

1 from

payable

Treasurer's
for

Board of

at

office.

1950

$5,000
to

on

$1,000,

A

County
certified

payable

to

the

Supervisors, is required.

Valley School District,
Mendocino County (P. O.
Ukiah), Calif.

Bond Sale

school

bonds

Details—The $49,000

purchased by Dean
C0.,r of San Francisco,
previously noted in v. 169, p.
2466, were sold at 23As.
Witter

as'

&

the

pur¬

Offering—W.

bids

until

follows:

$28,000 in 1950, and
$25,000 from 1951 to 1965 in¬

clusive.

Wilton,

,

Conn.

2577—were

p.

awarded

Co., Kean, Taylor &
D. White & Co., all

of New

York, jointly, as l%s, at a
of 100.34, a basis of about
1.71%.
Dated April 1, 1949.
Due

price
on

Alex-/,
for

the;

community building bonds. Dated
Jan.

1949.

1,

Due

on

Jan.

1,

as ;

follows:

$8,000 from 1950 to 1964,
inclusive, and $5,000 in 1965. In- i
These

J-J.

authorized

the

at

bonds

were.,

election

held

May 3.

on

/

April 1 from 1951 to 1969 in¬

clusive.

Idaho
Bond

Sale—The $151,000

build- ;
offered June 20 were
Wegener
&
Daly,,
Inc., of Boise, and Kalman & Co., *
of St. Paul, jointly, on a bid re-/
fleeting a net interest cost of"
about 2.47%. The second highest
bidder was the State, for 2y4s.
bonds

,

to

July 1, 1949. '
$1,000.
Due
on*
July 1 from 1950 to 1959 inclusive. Principal and interest (J-J)v
Bonds

are

dated

Denomination

payable at the office of the Dis.trict Treasurer.

/

FLORIDA

Jacksonville

Beach,

Bond Sale—The

ties

revenue

ILLINOIS

Fla.

$1,650,000 utili¬

bonds

offered

June

16—v. 169, p. 2577—were awarded
to a syndicate composed of John

Nuveen

&

Co., of

Chicago,. R. S.
Charlotte, Rob¬

inson-Humphrey Co., of Atlanta,
Stubbs, Smith & Lombardo, of
Birmingham, Thornton, Mohr &
Co., of Montgomery, Maynard H.
Murch & Co., of Cleveland, and
Walter, Woody & Heimerdinger,
of Cincinnati, at a price of 100.06,
a

.

Payette County Class B Sch. Dist.
No. 372 (P. O. New Plymouth),

awarded

Sale—The $600,000 junior

169,

—v.

W.
27

purchase of $125,000 2V4% school

ing

Bond

June

IDAHO

Dickson & Co., of

Redwood

to

1969 in¬

403,000 public improvement No.
10 bonds. Due on July 1, as

interest

the

cost

Thomasville, Ga.

clusive.

follows:

and

.

A certified check for $6.-

Bond

terest

$1,000,000 water improvement No.

$2,000 from 1950 to 1965 inclusive,
and $1,000 from 1966 to 1969 in¬
clusive.

without

chaser.

sealed

Bonds

Co., and R.

bids until
10:30 a.m.
(PST) on
July 5 for the purchase of $36,000

1949. Denomina-

ander, City Attorney, will receive

to Laidlaw &

Dusenberry,
County Clerk, will receive sealed

July 1,

,

nished

Dated July 1, 1949.
July 1 from 1950 to 1969

on

was

Calif.

not

Dated

tion $1,000. Principal and interest

1.72%.

22—v.

inclusive.

from!

Offering—E.

inclusive; $5.000'
$10,000 in *1978

169, p. 2690—
000, payable to the Commissioner ]
were awarded to
Day, Stoddard &
of Roads
and
Revenues, is re¬
Williams, of New Haven, as l3As,
quired.
at a price of 100.26,
a
basis of

&

City Sch. Dist., Fresno

and

and 1979.

Spalding,
Sibley,
Troutman
& <
Kelley, of Atlanta, will be fur->

high school bonds offered June 21
Raisin

1976

(J-J) payable at' such baqk as,
be designated by the purchaser. The approving opinion of.

—

June

California
Bank, Los Angeles, for 4y4s, at a
price of 100.23.
bidder

to

1977,

bonds

The $200,000
improvement bonds

fered

p.

Dated

Sale

manent

1950 to 1965 inclusive. The second

highest

amount

Ansonia, Conn.
Bond

the Bank

National

1952

in

may

000

bonds offered June

of

bonds

A certified check

the

•

.

election

CONNECTICUT

First

Pixley Public Utility District (P.O.
Box 325, Pixley), Calif.

2577—were

the

required.

about

2.09%.

Bond

These

at

a

&

'

(EST) on'

June 28 for the purchase of
$300,- *
000 2Vz%
coupon
or
registered

a.m.

exceed

Offering—J.
of

sealed bids until 2 p.m.

receive

(PST) on
purchase of $290,-

June 28 for the

to

will

County (P. O.
Calhoun), Ga.

Roads and

Offering—Harold J.

•„?:,/

GEORGIA
Gordon
,

for, payable to the Chairman
of ttl^e,,Board of Supervisors, is

syndicate composed
of the First
National
Bank, of
Chicago, Milwaukee Co.,, of Mil¬
waukee, Martin, Burns & Corbett,
of Chicago, and Hannaford & Tal¬
bot, of San Francisco, as 2y4s, at
a price of
102.26, a basis of about
2.07%. The second highest bidder
was
Halsey, Stuart & Co., C. F.

of America National Trust &
Sav¬

'

169,

highest bid¬
der was Welsh, Davis & Co., and
B. J. Van Ingen & Co.,
jointly, at,
a price of 100.70.
'

bid

County (P. O.
Jose), Calif. •

Bond Sale—The $750,000 school
offered
June
20
were

20—

2362—were awarded to
syndicate headed by the Bank

a

O.

bid

a

0001 not

(P.

to

Dated May

May

elusive.

Los Angeles), Calif.

ley,

21—v.

awarded

4.35%.
on

South Santa Anita School District,

Bond

1, 1949.

County

Harris & Co., Inc., of Toledo, at
a,
price of 101.35, a basis of about

from 1950 to 1959 inclusive.

bonds

check

$1,000,000

p.

169,

District,

Clara

'San

Bond

&

Bond Sale

Unified School

Alto

Santa

1

inclusive.

America

June

were

reflecting a net
interest cost of about 1.39%. Dated
June 15, 1949.
Due on June 15

held

County (P. O. Fresno),

Due

to

certified

A

169, 2690—were awarded to the

American Trust

Los

Jan.

Sale—The $150,000
41/2% water revenue, Second Se-;
ries, Issue of 1949 certificates of¬

interest
County

and
the

office.

office.

from 1966 to 1969 inclusive.

follows:

&

Lyons & Shafto, of
Boston, Demsey-Tegeler & Co., of
Louis,

as

from

Barth & Co.. Kaiser &
Co., both of
San Francisco,

■/

$197,000

as 33/4s.
Due on July
from 1950 to 1970 inclusive.

Savings Association, American
Trust Co., Weeden &
Co., all of
San Francisco, John
Nuveen &
Co., of Chicago, Heller, Bruce &
Co., of San Francisco, B. J Van
Ingen & Co., of New York, J.

St.

Sale—The

Co., of Chicago, and Schwabacher
& Co., of San
Francisco, jointly,
at a price of
100.03, a basis of

Angeles), Calif.

Sale

426,000

a

system bonds offered June

42,000

169, p. 2690—were awarded to a
syndicate composed of the Bank

I

Bond
erage

$155,000

Bond

June 15

on

Savings Association, of San Fran¬
cisco, as 4s, at a price of 100.36,

County Sanitary District
Madera),
Calif.

Culver City Unified Sch.
Diet.,
Los Anoeles (P. O.

..

Supervisors, is required.

No. 2 (P. O. Corte

16

New York.
The

Marin

Principal
payable
at

on

Jan. ls

on

Clearwater), Fla.

Sale—The $350,000 build¬
ing 1949 bonds offered June 22—

cisco,

Due

Certificates

Sacramento Municipal Utility Dist.
(P. O. Sacramento), Calif. *,

were

1, 1947. Denomina¬
Associated with
Kidder, Pea- tion $1,000. Principal and interest
body & Co., in the award were the (J-J)
payable
at
tjie
County
office.
following: Phelps, Fenn .& Co., Treasurer's
Bidders
to
Blair & Co., Inc., Eastman, Dillon name the rate of
interest, ex¬
& Co., Salomon Bros. & Hutzler, pressed in a
multiple of y4 of 1%.
R. W. Pressprich & Co., Merrill A certified check for 3% of the
Lynch, Pierce, Fenner & Beane, amount of bonds of each issue bid
Shields & Co., all of New
payable
to
the
Chairman
York, for,
Mercantile

June 15

on

1961.

21/4s.

as

from

Dated

Offering—Harold J. Ostly,
County Clerk, will receive sealed
a.m. (PST) on
July 12
for the purchase of
$19,000,000 not

inclusive.

*

Due

•

County

bids until 9

1979

to

2s.

as

1960 and

360,000

Due $6,000
1950 to 1964 in¬

check for 10% of the par value of, fered

v.

1;

inclusive.'

.

check

the

in

Calif.

bonds.

1, 1949. Due

from

to

June

on

1957 to 1959 inclusive.

180,000

Bond

-

from

issue

Dated March

certified

21

1956.

l%s. Due

as

from

with¬

Angeles Sch. Dist., Los Angeles
County (P. O. Los Angeles),

clusive.

1,000,000 3 V\ %

the purchaser

A

June

Due

IV2S.

as

1955 and

270,000

Treasurer, is required.

San

to

$800,000 iy2%

cost.

Improvement,

bonds

in

Orrick, Dahlquist, Neff & Herrington, of San Francisco, will be
out

$1,776,000

offered

3%s.

as

180,000

interest,
expressed in a multiple of y4 of
1%.
The approving opinion of

furnished to

bonds

The

—

1963

3y>s.

as

Pinellas

Bond

15 from 1950 to 1954 inclusive.

the rate of

name

Sale

$450,000

inclusive.

terest

ders to

High Sch. Dist.,
County (P. O.

Paine, Webber, Jackson & Curtis,
of Chicago, at a price of 100.10, a
basis of about 2.29%, as follows:

Aug. 1 from 1951 to

on

Dated

Union

169, p. 2690—were awarded
to a syndicate composed of Blyth
& Co., R. H. Moulton & Co., both
of San Francisco, Security First
National Bank, William R. Staats
Co., both of Los Angeles, and

cou¬

(J-J)

to

1*

Jan.

on

from 1964 to 1979 inclusive.

bonds, payable to the County
Treasurer, is required.

—v.

Dated

clusive.

Treasurer's

Due

Dated June 1, 194S.

from

1

1960

1,203,000

the

the

Ventura), Calif.
school

July

on

sale

Los

Bond

Francisco

$1,000

1968

$30,000,000

veterans' welfare bonds of¬

169,

bonds.

Cancelled—The

Ventura

Aug. 1, 1949. Denomination $1,000.

fered at public auction on June 21
—v.

interest school

registered

or

Due

—

Oxnard

Paso

to exceed 5%

CALIFORNIA
California (State

Sale

been cancelled.

Heights Sch. Dist.,
County, (P. O.
Sacramento), Calif.
Bond Offering — C. C. LaRue,
County Clerk, will receive sealed
bids until 10 a.m. (PST) on July
6 for the purchase of $18,000 not

1964, at 103; 1965 to 1969,
at 102; 1970 to 1971, at 100. Le¬
gality approved by White, Brad¬
ley, Arant & All, of Birmingham.

Sale

&

Sacramento

1960 to

Bond

Bond

Bond

follows:

as

school bonds.

2.32%.

of the $8,308,000 sanitation district

Del

for

27

3V4S.

as

from

purchase of
$90,000 not to exceed 5% interest

net

a

June

on

County Sanitation Dists.
(P. O. Santa Ana), Calif,

2.62%.

1955, and thereafter call¬
able on any interest date in the
years 1954 to 1959, at par plus a
premium equal to one year's in¬
thereafter

100.04,

about

as
Due on Jan.
from 1951 to 1959 inclusive.

thews, County Clerk, will receive
sealed bids until 11 a.m. (PST)

Orange

1969 inclusive.

&

in

terest, and

of

cost

211,000

Denomination $1,000.

Co., and Paine, Webber, Jackson
Curtis, jointly, for 2%s, at a
price of 101.20, a basis of about

tion $1,000.

due

price of

a

interest

$236,000

Sch.

(P.
Bond

and Associates, for
2V2s, and $600,000 as

as

2i/4s, at

Co., California Bank,
Angeles, William R. Staats

Los
Dated April 1,

Co.,

$400,000

Moulton

April

on

inclusive.

Dist., Butte County

O. Oroville), Calif.
Offering — W. F. Mat¬

Richvale

July 1

on

1969

The second highest bidder was
Security First National Bank of
Los Angeles, Blyth & Co., R. H.

1

from 1957 to 1963 inclusive.

230,000

&

ton

July 1 from 1950-1968

1,000,000 Culver
City
Unified
Sch. Dist. bonds. Dated July
1, 1949.
Due on July 1 from

inclusive.

on

on

Due

to

1, 1949. The second
bidder was R. H. Moul¬

highest

inclusive.

nox
& Knight, Inc., of Birming¬
ham, jointly, as follows:

from

Due

,

1953

Dated July

Dist bonds. Dated July 1,1949.

warrants

2V4s.

as

from

$600,000 Culver City Unified Sch.

of

has been sold to George M. Wood
& Co., of Montgomery, and Brod-

$35,000

850,000

basis of about

3.47%,

as

follows:

/

•'

Cook County (P. O. Chicago), HI....
Bond Sale — The $20,000,000'

superhighway, Series A bonds of-'
fered June 21—v. 169, p. 2578—/
awarded to a syndicate com¬

were

posed of the Harris Trust & Sav- ings Bank, Northern Trust Co.,.
Continental Illinois National Bank
&

Trust Co.,

all of

First National Bank,;
Chicago, Harriman Ripley &

Co., Inc., Blyth & Co., Smith, Bar-,
ney
& Co., both of New York,
First Boston Corp., A; G. Becker
& Co., of Chicago, Harris, Hall &

.

iVolume

169

Number 4815

THE

COMMERCIAL & FINANCIAL CHRONICLE

Co., The Illinois Company, of Chi¬ Township
Trustee, will receive' fied check for 3% of the
face
cago, Mercantile-Commerce Bank sealed bids until 1
p.m. (CST) on^ value of the
bonds bid upon, pay¬
& Trust Co., of St.
Louis, White, July 5 for the purchase of $9,000 able • "to the
Board
of * County
Weld & Co., -of New
York, City not to exceed 4% interest building
Commissioners, is required.
National Bank / & Trust Co., of
.

bonds, divided

Kansas

follows:*

as

■

*•

.

City,- First of Michigan
$4,500
School i',: Township
bonds.
Corp., F. S. Moseley & Co., both
Due $500 on Jan. 1 from 1951
of

Mulberry, Ind.
Sale—The $138,000 water
works revenue bonds offered June
to 1959 inclusive.
"A
14—v. 169, p. 2578—were awarded
4,500 Civil Township bonds. Due
to Fox, Reusch &
Co., of Cincin¬
> v $500 on
Jan. L from 1951 to
nati,, and Associates, as 4s, at a
1959 inclusive.'
•
'

New

York, Stern Bros. & Co.,
City, Bacon, Whipple &
Co., City National Bank & Trust
Co., Kebbon, McCormick & Co.,

,

of Kansas

all of

Chicago, Roosevelt

Bond

& Cross,

Dated

price of

June

Dated June 7, 1949.

par.

1, 1949. Denomina¬ Due on
York, Weeden & Co., of
July 1 from 1953 to 1990
tion $500. Bidders to name the
Francisco, American National
inclusive.
*
rate
of interest, expressed in a
Bank, R. S. Dickson & Co., both
multiple of y4,of 1%. Interest J-J.
Petersburg, Ind.
of Chicago, Field, Richards &
Co.,
;
Bond Offering—John K.
The approving opinion of Ross,
McDonald & Co., Hayden, Miller
Steer,
& Co., all of Cleveland, Crutten- McCord, Ice & Miller, of Indian¬ City Clerk-Treasurer, will receive
den & Co., of Chicago, J. M. Dain apolis, will be furnished to' the sealed bids until 10 a.m. (CST) on
& Co., of Minneapolis, Juran & purchaser, at the expense of the July 5 for the purchase of $17,000
not to exceed 4% interest
Townships.
sewage
Moody,
of
St.J Paul,
McMaster
of

New

.

San

system

Hutchinson

& Co., Robert Show¬
and Sills, Fairman & Harris,

ers,

all of

Chicago,

2V2s, at

as

price

a

.of

Greendale, Ind.
>
Offering — Richard A.

Bond

Klapper,

Town

bonds.
Dated
July
15,
Denomination $1,000.
Due
as follows: $4,000 from

1949.

July 15,

on

Clerk-Treasurer,

1950 to

100.61, a basis of about 2.46%, will
receive
sealed
bids
until
maturity. Dated July 1, 1949. 2
p.m.
(CST) on July 2 for the
On July 1, 1969.
purchase of $100,000 not to exceed
Ogle County School District No. 88 3% interest swimming pool bonds.
Dated May 1, 1949. Denomination
(P. O. Oregon), III. '•/
;. Bond Sale—The
$160,000 build¬ $1,000. Due $5,000 on July 1, 1950,
ing bonds were awarded to the and $5,000 on Jan. 1 and July 1
to

in 1953.

Due

1952

Milwaukee

2*4s, at

a

Co., of Milwaukee, as
price of 101.99, a basis

of about 2.01%.

bidder

est

The second high¬

Paine, Webber,
& Curtis, for 2y4s, at a

Jackson

was

.

price of 101.52.
Clair County Com. Unit
Sch. Dist. No. 187 (P. O.
Rural

Route

No.

~

East St. Louis),

,y.r
•

'

-i-

•

Illinois

-

Bonds

v

,

Sold —An

issue

of

$1,750,000 school building bonds has
been sold to a syndicate composed
-

to

Jan.

1,

of

Liberty and Center Twp.
(P. O. Liberty), Ind.
Bond Sale—The $86,501 bonds

offered June

1960, inclu¬

15 were

awarded to

the Union

County National Bank,
Liberty,,as l3/4s, at a price of
interest, expressed in a multiple
of
of 1%. Interest J-J.-A cer¬ .100.57;.a basis of about 1.63%, as
sive.

Bidders to

the rate

name

of

of

$36,537

School

'

Sale—The-

'

&

c

—

.

•

*

.

from

373,000 as 2%s. Due on Dec. 1
' from 1963 to 1965 inclusive.

!

;

2%s.

as

from

Due

1966 to

(These

1

Dec.

on

the bonds for which

are

May 31

on

were

rejected.)
INDIANA
Barton

1
.

(P. O.
Ind.
Bond Offering—Hilbert Seltzer,
Township
Trustee, will receive
June

on

$33,500

until

for

30

10

the

to

not

Twp.

Somerville),

1,

bids

sealed
•

Sch.

Twp.

R.

R.

(CST)

a.m.

purchase

of

in¬

4y2%

exceed

building
of
1949
May 1, 1949. Denomination $1,000, except one for
•$500.. Due $2,000 on Jan. 1, and
I $1,000 on July
1 from 1951 to
bonds.

Dated

.

I960

inclusive, and $2,000

and

•.

$1,500.

ders to

'•

July 1,

on

in

a

Interest

1961.^ Bid¬

interest,

multiple of
J-J.

Jan. 1

on

the rate of

name

expressed

1%.

The

'

V<t

of

approv¬

ing opinion of Ross, McCord, "Tee
& Miller, of Indianapolis, will be

'furnished
the

to

the

certified

purchcaser- at

of the Township.

expense

check

for

'

to

at

a

the

School

quired.

A

$500, payable
is re¬

Township,
1: '•

•

■

' -

were

awarded

to

the

bidder

est

Union

was

School

Indianapolis, for
of

l3/4s, at

a

Co.,
price

100.44.

•

Bonds

are

dated

May

1, 1949.
Due $2,000
July 1, 1950, and $5,000 on Jan.

Denomination $1,000.
on

.1

and

1958

July 1 from 1951 to Jan. 1,
inclusive.

Interest

J-J.

Le¬

gality approved by Ross, McCord,
Ice & Miller, of Indianapolis.
Clay Twp.

(P. O.

R. R. 4,

Kokomo), Ind.
Bond Offering — D. L.
Maple,




Trustees

Board

will

of

receive

sealed bids until 9

Due

on

Nov.

inclusive.
bidder

000

100.45.

to

building

exceed

bonds.

.

3%

Dated

interest
June

1949.

Denomination $1,000.

$6,000

on:

on

Dec. 30, 1950, and $5,000

June 30 and

from

,

30,
Due

$6,000

1951 to June

sive.. Bidders to

on.

Dec.; 30

30, 1960 inclu¬
the rate of

name

interest, expressed

in a multiple
The approving opin¬
Ross, McCord, Ice & Miller,
of Indianapolis, will be furnished

of 1/4 of 1%.:

Le

from

The

1951

second

to

1968

highest

First National Bank, of

was

Mars,

Luana

1

for

3s,

at

a

price

of

'

to

the

of

purchaser

at

the

expense

School

the

City.
A certified
$1,000, payable to the
School City, is required.
for

been

Con.

School

District,

sold

the

to

Iowa

White-Phillips

Co.;; of Davenport,

2%s,

at a

price of 100.25. These bonds

were

as

authorized at the election held

County (P. O.
Anderson), Ind.

Bond

Offering—H.

G.

on

June 30 for the

000

not

to

a.m.

McClin-

(CST)

on

purchase of $63,4%
interest

exceed

bridge of 1949 bonds.
1,

Dated July
Denomination ' $1,000.

1949.

Due

$3,000 on July 1, 1950, and
$3,000 on Jan. 1 and July 1 from
1951 to
name

1960 inclusive.

single

a

expressed

1%.

in

Interest

a

Bidders to

rate of interest,
multiple of V,4 of

J-J.

The

approving
opinion of Ross, McCord, Ice &
Miller, of Indianapolis, will be
furnished to the purchaser at the
expense

of

the

<;

Mason City Indep. Sch. Dist., Iowa
Bond Sale—The $400,000 build¬

y

ing bonds offered June 22—v. 169,
2691—were

p.-

First

National

l%s,

at

a

awarded

County/A certi¬

1,

1949.

Due

to

the

Bank, of Chicago,
price of 100.06, a

basis of about 1.74%.

tock, County Auditor, will receive
sealed bids until 10

March 19.

as

Madison

2y4s,

at

price

a

of

100.27,

tional

terest

Dated June

May

on

1

from

1950 to 1969 inclusive. The second

highest bidder

was

Harris

Trust

&

Savings Bank, Chicago, IowaMoines National Bank, Des
Moines, and White-Phillips Co.,
jointly, for l%s, at a price of
Des

100.06.

Additional

light

bonds

offered

June

16—v.

The

A

$54,000 3y2s. Due

April 1 from

on

1950 to 1959 inclusive.

April 1 from

on

1965 inclusive.

1960 to

Bond Sale—The

$275,000 school

LOUISIANA

bonds offered June

21—v. 169, p.
2691—were awarded to the Harris
Trust & Savings Bank, of

Gonzales, La.
Bonds Sold—An issue of $60,000

Chicago,

Iowa-Des
of

Moines National

system bonds has been sold to

gas

Bank,

Weil

Des

basis of about 2.21%.

& Arnold, Scharff & Jones,
Newman, Brown & Co., all of
New Orleans, jointly, as 33/4s, at a
price of 100.17, a basis of about

1, 1949.

3.73%.

The

der

Juran & Moody, for

Moines, and the WhitePhillips Co., of Davenport, jointly,
as
2y4s, at a price of 100.37, a

to

Due

and

Dated July
July 1 from 1951

on

1969 inclusive.

Treynor

Con. Sch. Dist., Iowa
Offering—H. F. Schmidt,

Bond

was

Dated June

1, 1949.

Dec. 1, 1960, being
redemption prior to
maturity in inverse numerical or¬

der

1, 1959,.
payment date

interest

or

on

any

approving opinion of Chap¬
& Cutler, of Chicago, will be

furnished to the purchaser by the
District.
These bonds were au¬
thorized

May

26.

payable
quired.

election

certified

A

of: the

2%

the

at

the

check

of the

amount

to

held

District,

on

for

bonds,
is re¬

Kan.

Clerk,

will

bids until 11

receive

sealed

(CST) on July
20 for the purchase of $345,123.50
not

to

3nd

a.m.

exceed

alley

5%

paving

interest

bonds.

Dated

1, 1949.
Denomination $1,000, except one for $1,123.50. Due
on
Aug. 1, as follows: $35,123.50
in

1950; $35,000 from 1951 to 1954
inclusive, and $34,000 from 1955 to
1959

F-A.

to

name

of interest,

multiple of

a

Bidders

inclusive.

ys

expressed in
of 1%. Interest

The

approving opinion of
John S. Dean, Jr., of Topeka, will
be paid for by the City.
A cer¬
tified

check

for

bid, payable
quired.

to

2%

the

of

the

City,

total

is

re¬

Campbellsville, Ky.
Sale—The $50,000 school
revenue
bonds offered
June
21—v.
169, p. 2691—were
awarded to Russel, Long & Burkholder, of Lexington, and Almstedt Bros., of Louisville, jointly.
Dated July 1, 1949. Due on July
1, from 1950 to 1969 inclusive.
Bond

Lee County

(P. O. Beattyville),
Kentucky
Bond
Sale—The
$29,000 road
and bridge refunding bonds of¬
fered June 20—v. 169, p. 2691—
were awarded to Scott C. Babey,
of Cincinnati. Dated July 1, 1949.
Due on Jan. 1, 1970.
Perryville,

Ky.

follows:

as

1949. Due

July

on

net interest cost of about 2.45%.

a

St.

Mary Parish Sch. Dists. (P. O.
Franklin), La.
Sale
The $90,000 SubDist. No, 1 of Third Ward Spec.
Bond

Sch.

—

Dist.

June

No.

14—v.

a

Due

p.

Weil

to

&

bonds

1

169,

Jones,

&

both

on

a

offered

2151—were

Co.,
and
of New-

bid reflect¬

net interest of about 2.43%.

July 1, as follows: $8,000
1951; $9,000 from 1952
inclusive, and $10,000 in

on

in 1950 and
to

1957

1958 and 1959.

Additional
Sch.

Dist.

Seventh
same

Dated July 1, 1949.
Sale

No.

1,

Wards

The $75,000
of Second and
—

bonds

offered

on

date were awarded to New¬

man, Brown & Co., and G. Price
Crane,
both
of
New
Orleans,
jointly, on a bid reflecting a net

interest cost of about 2.97%. Dated

July

Due on July 1, as
$3,000 from 1951 to 1956
inclusive;
$4,000
from
1957
to
1964 inclusive, and $5,000
from
1,

1949.

follows:

1965 to 1969

inclusive The second

highest
bidders
were
Barrow,
Leary & Co., Comrnercial Bank &

Co., Franklin, and St. Mary
&
Trust
Co.,
Franklin,

jointly, for $90,000, on a bid re¬
flecting a net interest cost of
about 2.56%, and John Dane for
$75,000, on a bid reflecting a net
interest cost of about 3.02%.
MAINE

Me.
$1,000,000 per¬
manent
improvement bonds of¬
fered June 21—v. 169, p. 2691—
were awarded to a syndicate com¬
Portland,

Bond

Sale—The

posed of E. H. Rollins & Sons, of
New York,

Smithers

&

Blair & Co., Inc., F. S.
Co., and Andrews &

Wells, Inc., both of New York, as
13/4s, at a price of 100.92, a basis
of

about

to

1.64%.

Due

on

Dated

July

1

July

from

1,

1950

1959 inclusive.

$90,000
MARYLAND

bonds has been sold

Co., of Cincinnati,
and Associates, as 4s, at a price
Magnus &

of par.

were

a

highest bidder was Scharff
& Jones, Inc., on a bid reflecting

1949.

revenue

on

second

Trust

building

to

2.26%,

Dated July 1,

Bank

KENTUCKY

Orleans,

net interest cost

a

1 from 1950 to 1959 inclusive. The

street

Aug.

the rate

;

ing

Jones,

$100,000 bonds

New

Orleans, jointly,

Topeka,
City

of

about

Scharff

Bond Offering—Edwin R.

of

Iberia, La.

reflecting

awarded

KANSAS

basis

a

$75,000 sewerage disposal works,
Series A bonds.
25,000 drain, Series B bonds.

thereafter

terms of par and accrued and
interest to the redemption date.

on

man

;of

for

Dec.

on

The

bid

after

or

optional

100.02,

Sale—The

Sanford,

on

on

highest bid¬
3%s,

offered June 21—v. 169, p. 2363—
were awarded to White, Hattier &

Due

Dec. 1, as follows: $5,000 from
1950 to 1963 inclusive, maturing

of

New

Bond

,

bonds.

price

a

second

about 3.74%,

Secretary of the Board of Direc¬
tors, will receive sealed bids until
8 p.m. (CST) on June 27 for the
purchase
of
$100,000
building

June 21

inclusive.

$90,000

a

36,000 33/4s. Due

from

1962

The

—

Iowa

Wayne County (P. O.
Monticello), Ky.
Bond Sale —The $170,000 court
house
(voted) bonds offered on

to

Sale

follows:

2y4s.

169, p. 2578 — were awarded to
Shaw, McDermott & Co., of Des
Moines, as 2y2s, at a price of
100.40, a basis of about 2.40%.
Dated May 1, 1949. Due on Nov. 1
1950

par

Bond Co., of Louis¬
price of 100.02, a net
interest cost of about 3.631%, as

at

Spirit Lake Cons. Indep. Sch. Dist.,

water

Iowa

or

on

at

Bankers

ville,

Bonds Sold—An issue of

Paullina,

and

the same day were awarded to

on

the

Bank,

<

Bond Sale—The $25,000 electric

1962,

court house revenue bonds offered

Rowan, Iowa

as

April 1,

thereafter.

Sold—An issue of $5,000

Clarion,

inclu¬

1965

on any in¬
April 1, 1954, at

date after

before

water works bonds has been sold
to the Wright County State

of

are

callable in in¬

are

price of 103 if redeemed

a

a

Bank, Paullina, for 2y2s, at

Bonds

bonds

numerical order

verse

price of 100.12.

a

The

1950 to

sive. The bonds

the First Na¬

was

2.95%.

April 1 from

Dated July
1, 1949. Due on Nov. 1 from 1950
to
1959
inclusive.
The
second

highest, bidder

& Co., of Cinicnnati,
price of 100.42, a basis

a

about

dated April 1, 1949 and mature on

basis of about 2.20%.

Bond Sold—An issue of $40,000
building and equipment bonds has

.

ion of

of

2578—were awarded to Shaw,
McDermott & Co., of Des
Moines,
as

Hinsch

3s, at

as

p.

Bank, of Des Moines, for iy2s, at
a price of 100.22.

a.m. (CST) on
July 13 for the purchase of $110,-

not

A.

Indep. Sch. Dist., Iowa
Bond Sale—The $20,000 build¬
ing bends offered June 16—v. 169,

high¬

—

Offering—The

the

was

Paullina

National

-

Bond

Union

Trust

Central

<

"aid of 1949 bonds offered June 15

County National Bank, of Liberty,
as l%s, at a price of
100.57, a basis
of about 1.63%. The second
high¬

The second

was

'

check

.Center Twp. (P. O. Liberty), Ind.
Bond Sale—The $86,500 school

bidder

est

Dow City, Iowa
Indianapolis School City, Ind.
Sale—The $358,000 build¬
Bond Sale
The $10,000 street
ing bonds offered June 17—v. 169, improvement bonds offered June
p.. 2578—were awarded to Drexel 21 were awarded to Shaw, McDer& Co., of Philadelphia, and Raf¬ mott &
Co., of Des Moines.
fensperger, Hughes & Co., of In¬
Lawton, Iowa
dianapolis, jointly, as 13/4s, at a
Bond Sale—The $11,000 water
price of > 101.38, a basis of about
bonds offered June 20—v. 169, p.
1.60%. Dated June 29, 1949. Due
2691—were awarded to the First
on July 1 from 1950 to 1969 inclu¬
Trust & Savings Bank, of Moville,
sive.
as 3s, at a
price of 100.47, a basis
La Porte School City, Ind.
of 2.95%.
Dated May 1,
1949.
Bond

school

terest

1959 inclusive.

highest bidder was North¬
Co., Chicago, for l3/4s,
price of 100.17. "

1968 inclusive.

all bids received

The

Trust

ern

•

411,000

to 1980 inclusive.*

second

.

-

1951

for

Town

Decorah .School District, Iowa
Co., A. G. Ed¬ from 1951 to 1970 inclusive. The
Bondf Sale—The
wards & Sons, Newhard, Cook & second highest bidder was R. S.
$24,000 school
Co.,
all
of St.
Louis,
Walter, Dickson & Co., for 2Vks, at a price addition-bonds offered June 13—
v.
Woody & Heimerdinger, of Cin¬ of 100.23.;
169, p. 2578—were awarded to
'
;.
—
the CarletonD. Beh
cinnati, McDougal & Co., Ballman
Co., of Des
.& Main, both of Chicago, and Neg- Indianapolis Sanitary District, -Ind. Moihes, as 2s, at a price of 100.02.
Bond Sale
The $250,000 sani¬
ley,. Jens/& Rowe, of Peoria, at a
tary; 1949, Second Issue bonds ^of¬ r y? J/tV;::; ~Des Moines, Iowa
price of par, a basis of about
fered June 17—v. 169, p. 2578—
Bond Sale—The $125,000
bridge
2.74%, as follows:
were awarded to Drexel & Co.,. of
bonds offered June 13—v.
169, p.
$231,000 as 2y4s. Due on Dec. 1
Philadelphia, and Raffensperger, 2467—were awarded to the Cen¬
from 1951 to 1954 inclusive.'
Hughes & Cor, of Indianapolis, tral Republic
Co., of Chicago, as
504,000'as 2%s.
Due on Dec. 1
jointly,as l3/4s, at a price of iy2s, at tf*price
of*100^22, a basis
from 1955 to 1960 inclusive.
101.04, a - basis of about 1.64%, of about 1.46%.
Dated June 1,
231,000 as 2V2s. Due on Dec. 1 Dated July
1, 1949. Due on Jan. 1 1949. Due on Nov. 1 from 1950 to
in 1961 and 1962.
of G. H. Walker

bidder

Bank, of Paullina,
2y2s, at a price of 100.12.

at

Liberty

t

Sanitary District? Ind. >
49,964 '"Center School Township
$300,000 rsani¬ :
bonds.
:
tary, Issue of 1949, bonds offered
P
The second highest bidder was
June
20—v.
169, p.2467—were
Fletcher Trust Co.,
awardedvto Harriman Ripley &
Indianapolis,
for 13/4s, at a price of 100.29.
Co., Inc.,' as 2y2s, at a price of
101.91, a basis of about 2.38%.
iowa
Dated July 1;-1949. Due on Jan. 1
Bond

highest

National

follows:

tified check for $1,000, payable to
the Town, is required.
i / ;
;
Hammond

,

I,

^

1951

the rate

name

bonds.

St.

I

from

Bidders to

interest, expressed in a mul¬
tiple of y4 of 1%. Interest J-J.
Town

First

inclusive, and $5,000

of

-

second

55

(2799)

awarded to Charles

Washington Suburban Sanitary
District, Md.
Bond Offering —The Commis¬
sion will receive sealed bids at.
office,
4017
Hamilton .St.,
Hyattsville,
Md.,until; 3 p.m.
(DST) on July 6 for the purchase
of $2,500,000 not to exceed 4%
its

4l

bonds, divided as Halsey, Stuart & Co., and Harri
man Ripley & Co., Inc., jointly, as
l%s, at a price of 100.83, a basis
.$2,000,000 water main and sewer
of about 1.65%, as follows:
construction, Series YYY
Tuberculosis
Hospital,
bonds. Due $50,000 on July $250,000
interest coupon

Note

bonds.

ZZZ

Series

Due

1,

from

1950 to

as

on

$15,000

follows:

July

1958 inclusive.

$20,000 from 1959 to 1965 in¬
clusive, and $25,000 from 1966
to 1974 inclusive.
July 1, 1949. Denomina¬
Principal and interest

Dated

Davis, City Treasurer, will receive
sealed bids until 11 a.m. (DST)
on
June 28 for the purchase of

$125,000 Macadam Pavement Loan
coupon bonds. Dated July 1, 1949.
(J-J)
payable
at the
Prince Denomination
$1,000. Due $25,000
Georges Bank & Trust Co., Hyattson June 1 from 1950 to 1954 incl.
-yille, or at the Equitable Trust
Bidders to name the rate of in¬
Co., Baltimore, or at the Chemical
terest, expressed in a multiple of
Bank & Trust Co., New York City,
1/4 of 1%. Principal and interest
pt holder's option. Bidders to
payable at the National Shawmut
name
the rate of interest, ex¬
Bank of Boston. The approving
pressed in a multiple of Va or
opinion of Proctor & Dever, of
1/10 of 1%. The approving opin¬
Boston, will be furnished to the
ion of Mitchell & Pershing, of
purchaser.
New York City, will be furnished
to
the
purchaser. A
certified Fitchburg Housing Authority, Mass.
check for $25,000, payable to the
Note Sale—The $1,515,000 Sec¬
Commission, is required.
ond Series notes offered June 16
tion $1,000.

Braintree

(P. O. South Braintree),
Massachusetts

Sale

Bond

—

The

$50,00j7 sewer

bonds offered June 21—v. 169, p.
2692—were awarded to Estabrook
& Co., of Boston, at IV2S, at a
price of 100.07, a basis of about
1.48%. Dated July 15, 1949. Due
on July 15 from 1950 to 1959 in¬

clusive.

Sale—The $165,000 bonds

Bond

Tyler & Co., of Boston, as 2V2S,
at a price of 101.81, a basis of
about 2.34%, as follows:

Sale—The $636,000 bonds

Bond

offered June 22—v. 169, p. 2692—
were awarded to Halsey, Stuart &

Co., Hornblower & Weeks, Coffin
& Burr, aftd Robert Hawkins &

Co., all of Boston, jointly,

Sale consisted of:

at

2s,

as

price of 101.44, a basis of
$125,000 water, Act of 1947 bonds.
Due on July 1, as follows: $5,- about 1.83%, as follows:
000 from 1951 to 1963 inclu¬ $164,000 senior high school bonds.
a

Due

sive.

40,000

drainage,

bonds.

57,000
Due

dated

July 1, 1949.
Denomination
$1,000.
Principal
and interest payable at the Mer¬
chants National Bank, of Boston.
Legality approved by Storey,
Thorndike, Palmer & Dodge, of
are

Due

Act

on

July

H.

V.

McDonald-Moore & Co., and
Sattley & Co., both of De¬

troit, jointly,

on a

bid reflecting a

net interest cost of about 3.60%.

City of Greenville and Eureka
Twp., Greenville Public School
District, Mich.
Bond Offering—Anne H. Cook,

from

1950

to

1954

and I960. Bonds

maturing in 1954
be redeemed at the
option of the School District in in¬
Norwell, Mass.
verse numerical order on any in¬
Bond Offering—Margaret Crow- terest
payment date on or after
ell, Town Treasurer, will receive April 1, 1953, at par and accrued
to be approved by

Storey, Thorndike, Palmer & Dodge, of Boston.

sealed bids in

of the

care

Second

National

Bank, Boston, until 11
(DST) on June 29 for the

a.m.

purchase

vided

1960

to

may

interest to the date fixed for

re¬

demption,

for

plus

each bond

so

a

premium

of

redeemed

follows:

as

bonds,

$300,000

follows:

as

1969 inclusive.
187,000 school bonds.
•

Due

on

July 15 from 1950 to 1969 incl.

&

Co.,

Note

Co.,
price of

a

as

1959 inclusive.

25,000 South

Broadway

water

on

July 1 from 1950

to

1959

inclusive. 7
Dated

'

the

Second

Housing Authority, Mass.

Note Sale

—

The $100,000 First

Series notes offered June 16
awarded to

the

Boston

Safe

were

De¬

at

National

Bahk, Boston, jointly, at 0.92%
Interest, plus a premium of $10.
Dated July 1, 1949. Due

The

second

Dec. 8,
highest bidder
on

June

23, 1949.

$200,000 on Dec. 15, and $100,000 on
Dec. 29, 1949. Legality approved
by Storey, Thorndike, Palmer &
Dodge, of Boston.

Salem, Mass.
Note Sale

—

The

$500,000 tax
award¬

were

ed to the Naumkeag Trust Co., of

Salem, at 0.783% discount. Due
$250,000 on Nov. 4 and Dec. 5,
1949.
Legal opinion of Storey,

Thorndike,

Palmer

The

Middleborough Housing Authority,
! Massachusetts.
Note Sale—The $240,000 Second
Series notes offered June 16 were
awarded to a group composed of

Dodge,

&

National

bank

a

or

trust

Bros.

a

&

Hutzler,

J. P.

premium of

,

.

♦

*,

"e

-

4

*X

*

.

i*




i

J

*

t

^

M

i

1

IJ

)<*'

C. h

i

ceed

4%

coupon

date fixed for

premium

redemption, plus

deemed

called for

bond

a

for each bond so re¬
as follows: $20 on each

redemption prior

to July 1, 1955; $15 on each bond
called for redemption on or after

July 1, 1955, but prior to July 1,
1957; $10 on each bond called for
redemption on or after July 1,
1957, but prior to July 1, 1959. No
premium will be paid on bonds
called for redemption on or after
July 1, 1959. Bidders to name the
rate
of interest,
expressed in a
multiple of
of 1%. Principal
and interest (J-J) payable at any
bank or trust company to be des¬
ignated by the purchaser. The ap¬
proving opinion of Miller, Canfield, Paddock & Stone, of Detroit,
will be furnished, without cost to
the purchaser. A certified check
for $1,500, payable to the District
Treasurer, is required.

inclusive.
Bond Sale—The $183,000

special

Grand

169, p. 2692—were awarded
Bos worth & Co., Inc.,
and the First Michigan Corp., of
Detroit, jointly, as l%s>. at a price
of 100.07, a basis of about 1.73%.
Dated May 1, 1949. Due on May 1
from 1950 to 1959 inclusive. The
second highest bidder was Halsey,
Stuart & Co., for $31,000 as 2s,
and $152,000 as l%s.

Boston, second high bid¬
der, named a rate of 0.79%.
Salem Housing Authority, Mass.
Note
Sale—The $100,000 First

Series notes offered June 16
awarded

to

the

were

Safe

Boston

to

De¬

posit & Trust Co., at 0.87% inter¬
est.
The, second highest bidder
was National Shawmut Bank, Bos¬
ton, at 0.89% interest.

(P. O. Grand Rapids),

Michigan

Braun,

Dundee, Milan, London, Raisinville
and

Summerfield

Twps. Frac.
Sch. Dist. No. 5 (P. O.

Dundee), Mich.
Bonds
not

to

Not

exceed

Sold—The

4%

$375,000

interest school

bonds offered June 21—v.
2692—were

received

not

were

sold

as

169,

all

p.

bids

Bond

til.? p.m. (EST) On June 29 for the
purchase of $80,000 not to exceed

interest

4%

bonds.

First

were

awarded to

National

Bank, of Bos¬
ton, at 0.87% discount, plus a pre¬
mium of $6.

Bond

Sale—The

$12,800 special
paving bonds offered
June 21
v.
169, p. 2692 — were
awarded to H. V. Sattley & Co., of
Detroit. Dated June 1, 1949. Due
assessment

—

on

June

1

from

1950 to

1954 to 1959 inclusive. Bonds

pressed in a multiple of lk of 1%.
Principal and interest (J-D) pay¬

Bank

&
•

Trust

i' 11

at

a

bank

or

trust company

Rapids, to be designated
by the purchaser. The approving
opinion of some market attorney,
to be furnished by the purchaser
at his own expense.
A certified
check for $1,600, payable to the
District Treasurer, is required.

Sch. Dist. No. 8 (P. O.
Wyandotte, R. R. No. Jy,

Bond

Michigan
Offering — Emerson J.

any one op more

Lake

Odessa Community

Sch. Dist., Mich.
Bond Sale Details—The

Ecorse Twp.

.

Hanover

ma¬

1954 in¬

Mills, Secretary of the Board of
Education, will receive sealed bids
until 8 p.m. (EST) on June 29 for
Note Sale—The $1,000,000 reve¬
the purchase of $205,000 not to
nue
notes offered June 22 were
exceed 4% interest school coupon
awarded to the National Shaw¬
bonds.
Dated July 1, 1949.
De¬
mut Bank, of Boston, at 0.75%
nomination $1,000. Due on May 1,
discount, plus a premium of $1.00.
as follows:
$20,000 from 1951. to
Notes are dated June 23, 1949.
1958 inclusive; $22,000 in 1959, and
Denomination $50,000, $25,000 and
$23,000 in 1960, Bonds maturing
$10,000. Due On Nov. 16, 1949.
in 1958 to 1960, will be subject to
Legality
approved
by
Storey,
redemption prior to maturity, at
Thorndike, Palmer & Dodge^of the
option of the School District,
Boston. Payable at the First Na-.
in inverse numerical, 1 order,
on
tional Bank, of Boston, or at the
Co., New York City.

coupon

1,

in Grand

Ecorse, Mich.

Worcester, Mass.

Central

June

turing in the years 1957 to 1959
will be subject to redemption on
any interest payment date on or
after
June
1, 1956. Bidders to
name
the
rate
of interest,
ex¬

clusive.

notes

building

Dated

1949, De¬
nomination $1,000. Due on June 1,
as
follows: $5,000 from 1950 to
1953 inclusive, and $10,000 from

able

rejected.

Offering—District Treas¬
bids un¬

will receive sealed

urer

s

Note

Somerville, Mass.
Sale—The $600,000

Rapids and Plainfteld Twps.

Frac. Graded Sch. Dist. No. 8

assessment bonds offered June 21

$150,000

building

bonds purchased by the
First of Michigan Corp., of De¬
troit, for $60,000 as 3^4s, and $90,000 as 3s, as previously noted in
v.
169, p. 2693, were sold at a
price of par.
'
Midland, ,M}ch.'K:*Ar-'
Sale—The $47,000 Street

7
'

Bond

Imp. Spec. Assmt. Dist. bqnds.Of-,
June 22—v. 169, pi; 2693—

fered
were

awarded

,

' to

McDonald-

Moore &

Co., of Detroit, as 13/4S,
at a price of 100.11, a basis of
about 1.71%,
Dated July 1, 1949;.
Due

on

Oct.

inclusive.

1 from

The

1950 to 1954

second., highest

interest payment bidder -was Chemical State Sav¬
1, 1953, at ings Bank, Midland, for 2s, at a

dates on and after May

par and accrued interest. Bidders
Morgan & Co. Inc., National
to name the rate of interest, ex¬
MICHIGAN
City Bank, Bankers Trust Co., all
pressed in a multiple of Vi of 1%.
of New York, and the Second Na¬
Ann Arbor Sch. Dist., Mich.
$21.
Principal and interest (M-N) pay¬
tional Bank, of
Bond Offering—Otto W. Hais- able at the Detroit Trust Com¬
Boston, at 0.93%
Essex County (P. O.
interest, plus a. premium ; of $6. ley, Superintendent • of • SchoblS, pany, Detroit. The approving
Salem ),y Mas9.
The second. highest, bidder was Will receive sealed bids until
Aug. opinion of Claude H. Stevens, of
■b
Bond Sale—The. $260,000. jbontfs Detroit
Bank, .Detroit, at 0.94% 10- f6r the purchase of $1,600,000 Berry, Stevens, Barbier & Evely,
offered, June. 21 were awarded * to I,interest.'r
;,v.
7
school bonds.
of Detroit, will be paid by the Dis¬

Salomon

was

0.96% interest, plus

Michigan
—-Bernard Schofield, Secretary, of the Board of
Education, will receive sealed bids
until 8 p.m. (EST) on June 29 for
the purchase of $75,000 not to ex¬
Bond Offerihg

Dearborn, Mich.

of

Shawmut

Bank of

the

.

and

dated

are

offered June 21

July 1, 1949.

posit & Trust Co., at 0.91% inter¬
1.05% discount.. Dated June 20, est. The second highest bidder was
J. P. Morgan & Co.,
1049. Due on Dec. 28, 1949.
Inc., National
City Bank, New York, Bankers
Dedham Housing Authority, Mass. Trust
Co., New; York, and Second
\
Note Sale—The $520,000 Second National Bank, Boston,
jointly, at
Series notes offered June 21-—v.
0.93% interest, plus a premium of
169, p. 2692—were awarded to J. $6.
/
1
7"
P. Morgan & Co. Inc., of New

Boston,

Notes

Denomination $25,000. Due

main loan of 1949 bonds. Due

Lynn
notes

l%s, at

$90,000 permanent paving bonds.
Due on July 1 from 1950 to

jointly,

offered June 20—v. 169, p. 2692—
.were
awarded
to
the
National
Shawmut
Bank,
of

as

100.77, a basis of about 1.59%,
follows:

for 2%s,-ata price of 101.80.

Chelsea, Mass.
Sale—The $500,000

able at

Boston.

awarded to Estabrook &

Boston,

,

company
multiple of V\ of 1%. The ap¬
to be designated by the purchaser.
opinion of Storey, ThornGrand Rapids, Mich.
Bidders to name the rate or rates
dike, Palmer & Dodge, of Boston,
Bond Sale—The $42,500 special
of interest, expressed in a mul¬
will be furnished to the purchas¬
tiple of
of 1%. The approving sewer construction First Series of
er.
1949
bonds offered June 20—v.
opinion of Miller, Canfield, Pad¬
dock & Stone, of Detroit, will be 169, p. 2580 — were awarded to
Peabody, Mass.
A certified check for Paine, Webber, Jackson & Curtis,
Note Sale—The $300,000 notes furnished.
of Chicago. Dated May 1, 1949.
offered June 23 were awarded to $5,700,
payable to the District
Due on May 1 from 1950 to 1954
the National Shawmut Bank, of Treasurer, is required.
7
a

notes offered June 23

1949. The second

Bond Sale—The
$115,000 bonds
offered June 23—v. 169, p. 2692—

.

Hawkins

1974

Lawrence, Mass.

Dated July 15, 1949. The second
highest bidder was Hornblower
& Weeks, Coffin &
Burr, Paine,
Webber, Jackson & Curtis, and

Robert

1950 to

.

.

tarwell Rural Agric. Sch. Dist

proving

,

of

$350,000 school, Act of 1949 bonds.
Due on July 15 from 1950 to

inclusive.

highest bidder was Laidlaw &
Co., Weeden & Co., and Trust Co.
of Georgia,
Atlanta, jointly, for
2s, at a price of 101.27,

were

A certified check for $4,100
payable to the District Treasurer,
is required.,
'.7.
,
,
7

interest school building
bonds. Dated July 1, 1949.
Secretary of the Board of Educa¬ Denomination $1,000. Due July 1,
City Treasurer, will receive sealed tion, will receive sealed bids until as follows: $6,000 in 1950 to 1958,
8 p.m. (EST) on June 28 for the and $7,000 in 1959 to 1961. Bonds
bids until 11 a.m. (DST) on June
28 for the purchase of $800,000 purchase of $285,000 not to exceed maturing in 1954 to 1961 may ; be
at the option of the
notes.
Dated June 29, 1949. De¬ 4% interest school building cou¬ redeemed
Dated July 1, 1949. School District in inverse numer¬
nominations $50,000, $25,000, $10,- pon bonds.
000 and $5,000. Due on Nov. 25, Denomination $1,000. Due on April ical order on any interest payment
1949.
Payable at the National I, as follows: $25,000 from 1950 to date on or after July 1, 1953, at
Shawmut Bank, Boston. Legality 1958 inclusive and $30,000 in 1959 par and accrued interest to the

Bedford, Mass.
Note Offering—Wm. R. Freitas,

340,000 water main bonds. Due

Dated July 1,

trict.

—v.

35,000 water department equip¬
ment bonds. Due on July 1

July 1 from
inclusive.

lows:

1

pumping station bonds.
on July
1 from 1950 to

on

Canton, Mass.
Bond Sale—The $537,000 bonds
offered June 22—v. 169, p. 2692—
were awarded to a syndicate com¬
posed of the Lee Higginson Corp.,
Estabrook & Co., of New York,
Whiting, Weeks & Stubbs, and
R. L. Day & Co., both of Boston,
jointly, as 2s, at a price of 101.15,
a
basis of about 1.86%, as fol¬

1949.

ed to

New

Boston, at 0.89% discount. The sec¬
ond highest bidder was Merchants
National
Bank,
of
Boston,
at
from
0.97% discount.

1969 inclusive.

Boston.

York,

—

1948

of

1950 to 1959 inclusive.

clusive.
Bonds

July 1 from 1950 to

on

1969 inclusive.

40,000 water bonds. Due. on July
1, as follows: $2,000 from
1951 to 1962 inclusive, and
$1,000 from 1963 to 1978 in¬

/

(P. O. Saginaw), Mich.
Bond Sale
The $75,000 school
bonds offered June 7 were award¬

_

offered June 23 were awarded to

,4'

Vista Twp. Sch, Dist. No. 6

Buena

.

By field Water District, Mass.

-

p.

Monday, June 27, 1949

di¬ $25 on each bond called for re¬
demption on or after April 1, 1954,
$200,000 school building, Act of $20 on each bond called for re¬
1948 bonds. Due $10,000
on demption on or after April 1, 1954,
July 15 from 1950 to 1969 in¬ or prior to April 1, 1955; $15 on
each bond called for-, redemption
clusive.
100,000 school building bonds. on or after April 1, 1955, but prior
Due $5,000 on July 15 from to April 1, 1956; $10 on each bond
called for redemption on or after
1950 to 1969 inclusive.
Dated July 15, 1949. Denomina¬ April 1, 1956, but prior to April 1,
0.95% interest, plus a premium of tion $1,000. Principal and interest 1957; $5 on each bond called for
payable at the Second National redemption on or after April 1,
$77.00.
Bank, of Boston. Bidders to name 1957, but prior to April 1, 1958.
Framingham, Mass.
the rate of interest, expressed in Principal and interest (A-O) pay¬
2579—were awarded
to
a
group
composed of J. P.
Morgan & Co. Inc., National City
Bank. Bankers Trust Co., all of
New York, and the Second Na¬
tional Bank, of Boston, at 0.93%
interest, plus a premium of $45.00.
Dated June 28, 1949. Due June 28,
1950. The second highest bidder
was Salomon Bros. & Hutzler, at
169, p.

—v.

MASSACHUSETTS

June .21—v.

offered

notes

2692—were awarded to
J. P. Morgan & Co. Inc., and the
Second National Bank, of Boston,
169,

10,000 Agricultural School, Act jointly, at 0.92% interest. Dated
July 1, 1949. Due on May 15, 1950.
of 1949 bonds.
The second
highest bidder was
Salomon Bros. & Hutzler, 0.97%
Everett, Mass.
interest, plus a premium of $4.00.
Bond Offering — Raymond M.

drainage

water

storm

500,000

.

Act of 1949 bonds.

1989 inclusive

1 from 1950 to

Series

CHRONICLE

Housing Authority, Mass.
Sale—The $152,000 First

Nahant

follows:

FINANCIAL

&

COMMERCIAL

THE

(2800)

5G

price of 100.05.
Midland

Twp. Sch. Dist. No. 13
O. Midland), Mich.
Bond Offering — Harold G. Le(P.

May, District Secretary, Will re¬
ceive

sealed

(EST)

on

:

bids

until

6

p.m,

June 27 for the purchase

of $60,000 not

to exceed 3% inter-

Volume

school

est

.

169

June

Number 4815

bonds.

coupon

THE

COMMERCIAL

Owosso and Caledonia Twps, Frac.
Sch. Dist. No. 4 (P. O.

Dated

1949. Denomination $1,May 1, as follows: $5,Corunna), Mich.
000 in 1952; $13,000 in 1953, and
Bond Sale—The $30,000 school
$14,000 from 1954 to 1956 inclu¬ bonds
offered
June
18
were
sive. Principal and interest (M-N) awarded to the Owosso
Savings
payable at the Chemical State Bank, of Owosso, as 3s, at a price
Savings Bq$k, Midland. Bidders of par.
to name the rate of interest, ex¬
Pittsfield Twp. Frac. Sch. Dist.
pressed in a multiple of Va of 1%.
No. 7 (P.O. 2600 Packard
The approving opinion of some
Road, Ann Arbor), Mich.
market attorney is to be iurnished
15,

000. Due

on

,

;

Bond

Sale—The

$90,000 school
bonds offered June 20—v. 169, p.
pense.
A ^certified •< check for.2%
2580—were awarded to Stranahan,
of the total par value of the bonds
drawn upon an incorporated bank Harris & Co., Inc., of Toledo, at
a price of 100.13, a basis of about
or trust company and payable to
the District Treasurer is required. 2.37%, as follows:
$66,000 as 2s. Due on May 1 from
Millington Twp. Sch. Dist. (P. O.
1950 to 1961 inclusive.
.Millington), Mich.
24,000 as 4s. Due on May 1 from
by the purchaser at his

-

own

ex¬

.

Bond Off ering— District Secre¬

The

(EST) on June 27 for the
purchase of $160,000 not to exceed
4% interest .school building cou¬
bonds.

pon

Dated

June

1,-1949.

second

2.58%.

Denomination

$420,000
3% school bonds offered June 15

trict

—v.

inverse..'numerical

jRedford

on

any

after

interest payment date on
May 1, 1954, at par and

interest to

acrued

the

date

no

fixed

Blasky,
receive sealed
bids until 8 p.m. (EST) on June
27 for the purchase of $110,000
not to exceed 3% interest hospi¬
tal

<

Montague

Twp. Con. Sch. Dist.
(P. O. Montague), Mich.

Bond Sale—The $160,000
2693—were

awarded

on

p.

First

the

to

bonds.

coupon

maturity, at the option of the
City, in inverse numerical order,

school
169,

will

Dated July 1,
1949.
Denomination
$1,000. Due
$10,000 on Oct. 1 from 1950 to
1960 inclusive. Bonds maturing in
the years 1955 to 1960 will be
subject to redemption prior to

payable to the District Treasurer

bonds offered June 22—v.

Rogers City, Mich.

Clerk,

City

.

-

Sold—The

Not

Bond Offering—John S.

redemption. Bidders, to name
rate of interest, expressed in
a
multiple of *4' of 1%./The ap¬
proving opinion of Miller, Canfield, Paddock & Stone, of De¬
troit, will be paid for by the Dis¬
trict. A certified check for $3,000,
the

-1

any one or

and

interest

more

dates

ment

of

terest, expressed in

est bidder

Va

Co.

(A-O)

1950, at
Bidders

was Barcus, Kindred &
bid reflecting a net in¬

a

of

terest cost

about

Offering

—

1%.

the
a

in¬

of

rate

multiple of

Principal and interest

payable

Claude
H.
Stevens,
of
Berry,
Stevens,, Barbier
&
Evely,
of
Detroit, will be furnished to the
purchaser. A certified check for

Sch. Dist.
7 (P. O. 1404 N. Getty
Street, Muskegon),
Michigan

Bond

of

name

Isle

Muskegon Twp. Frac. ReethsNo.

to

at the Presque
County Savings Bank, Rogers
City. The approving opinion of

3.33%.

Puffer Rural Agric.

/

par

pay¬

after April

1,
and accrued interest.

on

Michigan Corp.,* of Detroit, on
a bid reflecting a net interest cost
of about 3.18%.
The second high¬
on

O.

.

,

for

is required.'

(P.

169, p. 2580—were not sold as
bids were accepted.
:
■

-

for

Twp. Sch. Dist.
Detroit), Mich.

Bonds

order

Edward

$2,200, payable to the City Treas¬
urer, is required.

J.

Koonsman, District Secretary, will
receive

sealed

bids

until

8

South

p.m.

Lansing and Delta Twps.

June 27 for the purchase

Frac.

Sch.

of $125,000 not to exceed 4% in¬
terest school coupon bonds. Dated

Bond

Sale—The $200,000 build¬

(EST)

on

Dist.

No.

1

(P.

O.

Lansing), Mich.

April 15, 1949. Denomination $1,-

ing

000. Due Nov.

awarded to

bonds

offered

June

8

were

syndicate composed
Sattley & Co., McDonaldMoore & Co., S. R. Livingston &
Co., Jones B. Shannon & Co., all

15, as follows: $5,1950, and $10,000 in 1951
to 1962.
Bonds maturing in 1955

a

of H. V.

in

000

to

1962, may be redeemed at the
option of the District, in inverse of Detroit. Barcus, Kindred & Co.,
numerical order, on any interest and the Channer Securities Co.,
payment date on or after May 15, both of Chicago, as 3V2S.
1953, at par and accrued interest
Springfield Twp. Sch. Dist. No. 4
plus a premium as follows: $15 on
(P. O. Davisburg), Mich.
each bond called for redemption
Bond Sale—The $51,000 school
after May 15, 1955; $10 on each
bonds
offered
June
20
were
bond called for redemption after
awarded to S. R. Livingstone &
May 15, 1955, but on or prior to
Co., of Detroit, at a price of 100.21,
May 15, 1957; $5 on each bond a basis
of about 3.60%, as follows:
called for redemption after May
$35,500 as 2%s.
Due on May 1
15, 1957, but on or prior to May
from 1950 to 1961 inclusive.
15, 1959, and without premium on
15,500 as 3V2S.
Due on May 1
bonds called for redemption after
from 1962 to 1965 inclusive.
May 15, 1959. Bidders to name the
The second highest bidder was
rate of interest, expressed in
a
multiple of Va of 1%. Principal Watling, Lerchen & Co., for $35,and interest (M-N) payable at the 500 as 3%s, and $15,000 as SV2S,
National
Lumberman's
Bank, at a price of 100.02.
Muskegon. The approving opinion
Unionville, Mich.
of
Miller, Canfield, Paddock &
Bonds Sold—An issue of $50,000
Stone, of Detroit, will be fur¬ water revenue
bonds

nished to the purchaser at the ex¬

has

been

sold to H. V. Snttley & Co., and
of the District. A certified
McDonald-Moore & Co., both of
check for $2,500,, payable to the
Detroit, jointly, as 3%s. These
District Treasurer, is required.
pense

bonds

Norton

Twp., Churchill Sch. Dist.
No. 3 (P. O. 6169 Lake

1

Harbor
1'

\

*

Sale—The

Bond

were

tion held

>

Road,

R.

No.

1

*

Muskegon), Mich.

i

,

$176,000

r

<■

No. 23

169, p. 2693—were awarded to
Securities

Channer

Chicago,

on a

Co.,

bid reflecting

a

of
net

interest cost of about 3.37%. The
second

highest

&

on

Co.,

a

bidder

Pohl

was

bid reflecting

a

interest cost of about 3.60%.




net

Oct. 26, 1948.

5

■*

■

r'

•

<

j

*

\'

j t

?

(P. O. New Brighton),,
Sale—The

$20,000 fund¬
ing bonds offered June 10—v. 169,
p. 2364—were awarded to Juran
&
a

Moody, of St. Paul, as 2.90s,
price of 100.03, a basis of about

2,89%.
on

Dated June 1, 1949. Due
L from 1951 to 1958 in¬

June

clusive. The second highest bidder
was

Sold—An

water

and

payable

issue

of

$30,-

bonds

sewer

has

Allison-Williams Co., for 3s,

(2801)
the

at

National

Chase

Bank, New York City. The
proving
opinion of
Charles

ap¬

57

serial, will be redeemable in

or

full

on

interest payment date

any

been sold to E. J. Prescott &
Co.,
of Minneapolis, as 2s.
Dated

Trauernicht, of St. Louis, will be

from and after six years from the
date of issue. Interest J-J. A cer¬

furnished

by

tified

1, 1949. Due

bonds

authorized at the elec¬

July

tional

July 1, 1959,

on

after

1953.

These

op¬

bonds

authorized at the election

were

on

June 6.

tion

were

held

check

The

—

169,

2580—were awarded to the

offered

Northwestern

Minneapolis,
100.13,

National

of

21—v.

Bank,

1.90s, at

as

basis

a

June

of

price of

a

about

1.87%.

Dated July

1, 1949. Denomination
Due on July 1 from 1951

$1,000.
1960

inclusive.

highest bidder

The

J; M. Dain &

was

a

second

price of 100.36.

Hutchinson, Minn.
Bond Offering—Gertrude Stegmeier, City Clerk, will receive

(CST) on June 27 for the
purchase of $45,000 not to exceed
3%
interest street improvement
bonds.

Dated

Aug. 1, 1949.
nomination $1,000. Principal
interest
(F-A)
payable at
suitable

bank

trust

or

De¬

and
any

company

designated by the purchaser. The
approving opinion of some market
attorney, together with the printed
bonds, will be furnished by the
purchaser. A certified check for
the

of

principal amount of
for, payable to the City
Treasurer, is required.
bonds bid

t

Ironton, Minn.
Offering — E. J. Taleen,
Village Clerk, will receive sealed
bids until 8 p.m. (CST) on July 5
for the purchase of $25,000 not to
Bond

exceed

3%

interest
bonds.

sewer

1949.

Kansas

City Sch. Dist., Mo.
Bond Sale
The $150,000 1%
school Series A^2, 1949 bonds of¬
fered June'16—v. 169, p. 2581—
—

awarded

were

water

second

highest bidder
Baum
& Co., at

100.17.
St.

*

bonds

Minneapolis.

Bank,

tion held

These

authorized at the elec¬

were

Nov* 2, 1948.
A cer¬
tified check for $1,000 is required.
on

building bonds has been
the

Pipestone, Minn.
Offering — Harold

will receive
sealed bids until 8 p.m. (CST) on
June 28 for the purchase of $75,000 street improvement bonds.
Dated July 1, 1949. Denomination
$1,000. Due $5,000 on Jan. 1 from
City

more,

Clerk,

to 1965 inclusive. Bidders to

1951
name

the

of

rate

interest,

ex¬

pressed in a multiple of Va or 1/10
of 1%. Principal and interest pay¬
able at any suitable bank or trust
to be designated by the
purchaser. The approving opinion
of Faegre & Benson, of Minne¬
company

apolis, will be furnished to the
purchaser without cost. A certi¬
fied check for $2,000, payable to
the City, is required.

luka Municipal

Separate Sch. Dist.,
Mississippi
Bonds Sold—An issue of $50,000
been

has

sold

to

M. A. Saunders & Co., of Mem¬
phis, and Associates, on a bid re¬
flecting a net interest cost of about
2.87%.
Dated May 2, 1949.
De¬
nomination $500. Due $2,500 on

May 1 from 1950 to 1969 inclusive.
Meridian, Miss.
Offering — R.

Bond

Omaha,

Louis,

3s, at

as

Sons, of St.

price of 100.15.

a

St.
:

Louis

County, Hancock Place
School District (P. O.

r

Clayton),

recreation
to

follows:

on

S.

Tew,

Denomina¬
Aug. ' 1, as

$6,000 from 1950 to

1954

$11,000- from

1964'inclusive*

and

1955 to
$25,000 from

1965 to 1969 inclusive.

All bonds

after Aug. 1,
1961, may be called in, paid and
redeemed,, at the option of the
City, at par and accrued interest,
on
Aug. 1, 1960, or on any in¬
terest
payment date thereafter
prior to the maturity date's,, in the
inverse order: of; their numbers;
maturing

on.

and

-

Bidders

to

name

the

rate

of

irn

terest, expressed in a multiple of

Va of 1%.

$50,009

center bonds has been
the

Fremont

of $165,-

000 school bonds has been sold to

Stern

&

Bros.

Heitner

National

Bonds

Louis,

jointly,

due

1959

to

inclusive

1969

sold

were

2Vtls.

as

Bonds Sold—An issue of

School

District

(P.

receive
sealed bids until 8 p.m.
(MST)
on
June 21 for the purchase of
$30,000 not to exceed 4% interest
building and equipment' bonds.
Dated Sept. 15, 1949. Amortization
District

Bond Sale—The

$2,500,000 cou¬
school bonds offered on June

pon

16.9,

p. 2469—were awarded!
Nevada
Industrial Com¬

the

of par.

1951

This

1969 inclusive.

Nashua, N. H.
Offering
—
Alfred

Note

Poulin," City Treasurer,
ceive

sealed

(DST)

single

bond

several

bonds

into one
divided
into

or

said

the

as

determine

may

If amortiza¬

sold and issued, the

issue may be put

entire

Board

of sale, both principal and interest
be payable in semi-annual in¬
stallments

during a period of 20
the date of issue. If

from

serial

bonds

they

will

$1,500
the

in

be

each;
in

able

amount of
be pay¬
installments;

$1,500

Sept.

sold

will

become

1950, and a
like amount will become payable
on the same day each
year there¬
on

a.m.

pur¬

June

■

Portsmouth, N. H.
$100,000* notes

Note

Sale—The

offered June 17
the

awarded to

were

Merchants National

Bank, of
Boston, at 0.775% discount.
NEW JERSEY

shall

annual

of

sum

and

11

the

for

nominations

the

and

20

payable

issued

are

until

27

O.
re¬

temporary loan
27, 1949. De$50,000 and $25,000.
Due on Dec. 16, 1949. Legality to
be approved by Storey, Thorndike, Palmer & Dodge of Boston.
Dated

notes.

to

years

bids

June

on

will

of $200,000

at the time

upon

dated July

are

NEW HAMPSHIRE

chase

are

the only bid sub¬

\yas

The bonds

to

bonds will be the first choice and

tion bonds

-

NEVADA

will

Clerk,

election

1, 1949 and mature on July 1 from

Bond Offering—Homer Thomp¬
son,

the

County, Reno Sch. Dist.
No. 10 (P. O. Reno), Nev.

mitted.

O.

Brady), Mont.

,

at

14.

mission of Reno, as 2%s, at a price

High

Brady

County

June

on

Washoe

to

Pondero

$100,-;

These bonds

years.

authorized

were

held

21—v.

MONTANA

-

;

000 water system bonds has been
sold as 23/4s.
Due in 20 years-,

2y2s, and those maturing from

are

Sept. 23, 1947.

on

<

the

at

Superior, Neb.

March 1 from 1951 to 1958

on

follows:

as

as <

part of the

are

issue authorized

election held

and Blewer,
both of St.

Co.,
Glynn,

&

These bonds

l%s.

optional after 5

Mo.

Sold—An issue

Bonds

15,

Avon-By-The-Sea Sch. Dist., N. /.
Bond Sale
The $50,000 school
bonds offered June 20—v. 169, p.
—

2581—were

awarded

to

the

As-

paid. The bonds, whether amorti¬

bury Park National Bank & Trust
Co., of Asbury Park, as 2y4s, at a
price of 100.33, a basis of about*
2.20%.

after

until

of such

all

bonds

are

serial, will be redeem¬
on
Sept. 15, 1959, or
on
any interest due date there¬
after prior to their maturity/ In¬
or

in

full

terest M-S.

A

certified

$1,000,
payable
to
clerk, is required.

check

the

Principal and interest

on

,

(P.

O. Avon), Mont.
Offering — Betty Benson,
District Clerk, will receive sealed
bids until 1 p.m. (MST) on July
20 for the purchase of $18,000 not
to

exceed

interest

6%

bonds.

ment

Dated

Amortization
first

choice

bonds

and

amortization

and

issued

the

1,

will

serial
bonds

entire

1949.

be

bonds
are

issue

the

the

sale,

issue.

If

both

be

serial

bonds

City Bank, of New York,
at a price of 100.32, a
about 1.87%—v. 169, p.

1717—was

cancelled.

-

Bond Offering—Samuel C. Staf¬

ford,

City

Clerk,

will

receive

sealed bids Until 8 p.m. (DST) 011

July 7 for the purchase of $620,000
not

to

exceed

issued

1949

6%

interest school,

coupon

or

-

registered

follows: $40,000 from 1950 to 1960
inclusive and $45,000 from 1961 to
1964 inclusive. Principal and in¬
terest

(M-N)

Mechanics

lington.
of

payable

National

Bidders to

at

the

Bank,

name

Bur¬
the rate

interest, expressed in a multi¬
they will be in the ple of % or 1/20 of 1%. The ap¬
amount of $1,500 each; the sum of proving
opinioh pf Hawkins,
$1,500 will be payable on July 1, Delafield &l!Woodfu6f' New York
1950, and a'like amount oh the City, will bp furnished to'th¥ jttirsame
certifiedcheclc
for
day each year thereafter chaser.^ A
until all of such bonds are paid. $12,400, payable to the City, is re¬
The bonds, whether amortization quired.
and

sold

are

-

Burlington, N. J.

may

principal and
payable in semi¬
annual installments during a pe¬
riod of 12 years from the date of
to

of

of

Board may determine upon at the

of

1.90s,

basis

bonds. Dated May 1, 1949. Denom¬
ination $1,000. Due on May 1, as

put into one single bond or
divided into several bonds as the
time

as

sold

be

interest

$3,967,000 bonds on April 13
syndicate headed by the

National

improve¬

July

1965 in¬

the

to

Bond

15, 1949. Due

1950 to

Bond Sale Cancelled—Award of

the

Pcwell County Sch. Dist. No. 29

15 from

Bergen County (P. O.
Hackensack), N. J.

for

t

Dated June

June

clusive.

above

If

Due

'

Fremont, Neb%

Dated June 15, 1949. Due on Feb.
15 from 1951 to 1964 inclusive..

second choice of the School Board.

$1,000.

a

$350,000

&

Edwards

Dated

tion

on

to A.

G.

-

interest cost of about 2.93%. \

Bank, both of Fremont, jointly

City Clerk-Treasurer, will receive
sealed bids until 10 a.m. (CST) on
July 12 for the purchase of $265,000
street
improvement, (bonds.
Aug., 1,! 1949.

to

Bank, and the Stephens National

(P. O. Clayton), Mo.

able

bonds

sold

Corp., of
bid reflecting a net

zation

MISSISSIPPI

school

as,

Bonds Sold-^An issue of $20,000
sewer bonds was sold on June 15

the Board of Trustees.

Gil-

June

Kirk-,

Wachob-Benders

serial bonds the second choice of
Bond

the

Denton Sch. Dist., Neb.
Bonds Sold—An issue of $30,009

sold

Dist.

Sewer

.

1,

$1,000 and
$500. Due on Dec. 31, as follows:
$500 from 1951 to 1958 inclusive,
and $1,000 from 1959 to 1965 in¬
clusive.
Principal and interest
(J-D) payable at the First Na¬

River

offered
to

Bonds Sold—An issue of

County,

Gardens

View

East

$150,000 elec¬

bonds

awarded

patrick-Pettis Co., of Omaha,
2y4s, at a price of 101.20.

• '■/

.,

Louis

a

George
price of

was

Sale—Tne

revenue

were

Commerce

Co., of Kansas City, at a
price of 100.22, a basis of about
0.80%.
Dated July 1, 1949.
Due
on
Jan. 1 in 1951 and 1932. The

main

Dated Aug.

the

to

9

Trust

Denominations

tional

Blair, Neb.
Bond
tric

sealed and auction bids until 7:30

and

for $500, payable to
Clerk, is required.

NEBRASKA

MISSOURI

bonds

2%

check

the above

certified

A

$80,000 storm

sewer

to

7.

These

$5,300, payable to the

Hopkins, Minn.
Bond Sale

p.

June

on

for

City.

the

&

City, is required.

inclusive'

MINNESOTA

Minnesota

Bond

the

on

»'•••',.

struction bonds offered June 21—
v.

authorized at the elec¬

Anoka County Indep. Sch. Dist.

con¬

Gaylord, Minn.
Bonds
000

p.m.

$1,000.: Due $16,000
on
May 1 from 1950 to 1959 in¬
clusive.
Bonds maturing in the
years
1955 to 1959, may be re¬
deemed at the option of the Dis¬
in

CHRONICLE

K.

highest bidder was
Watlings, Lerchen & Co., for $36,000 as 3s, and $54,000 as 2s, at a
price of 100.01, a basis of about

8 p.m.

FINANCIAL

Co., for 2.10s, at

1962 to 1965 inclusive.

tary will receive sealed bids until

&

58

tional Bank,

Binghamton. Bidders
rate of interest, ex¬
pressed in a multiple of Va or 1/10
The approving opinion of
District Clerk, will receive sealed of 1%.
bids until 8 p.m. (DST) on July 7 Hawkins, Delafield & Wood, of
for the purchase of $89,000 not to New York City, will be furnished
the
exceed 6% interest school coupon to
purchaser.
A
certified
check
for $160, payable to the
or registered bonds. Dated Feb. 1,
1949. Denomination $1,000. Due on Town, is required,
Feb.
1, as follows: $4,000 from
Cortlandt (P. O. Croton-On1951 to 1956 inclusive and $3,000
'*
Hudson), N. Y.
from 1957 to 1969 inclusive. Prin¬
Cheater

(P. O*

Twp. Sch. Diet.

Chester), N. J.
Bond Offering—Howard Sutton,

to

the

name

CHRONICLE

FINANCIAL

&

COMMERCIAL

THE

(2802)

Y.
$5,000 water
bonds offered June 21—v. 169, p.
Sale

—

'

Trust

Traders

of

Buffalo,

30

from

as 2.40s.
1949 to 1952

second

The

J.

on

June

1950

inclusive.

1,

and

to 1954

was

bonds.

1970

to

Merchants National Bank &. Trust

1.955

and interest

at

ristown. Bidders to

Jr., Town Supervisor, will receive
sealed bids until 4 p.m. (DST) on
June 29 for the purchase of $15,000
not
to
exceed 5%
interest

the rate

name

of

interest, expressed in a multi¬
ple of Vs or l/20th of 1%. The ap¬

proving opinion of Hawkins, Dela- highway
coupon
or
registered
field & Wood, of New York City, bonds. Dated June 1, 1949. De¬
will be furnished to the purchas¬ nomination $1,000. Due $3,000 on
er.
A certified check for $1,780, June 1 from 1950 to 1954 inclusive.
payable to the Board of Education,
is required.

Principal and interest (J-D) pay¬
able at the First National Bank of

Bidders

Croton-on-Hudson.
-

Hanover
Route

Bond

(P. O.
No. 10, Whippany), N. J.
Sale—The $125,000 school
Twp. Sch. Diet.

bonds offered June 20—v.

awarded

2581—were

Saffin

to

June

on

169, p.
Boland,

ion

&

Vandewater, Sykes, Heck¬
Galloway, of New York

Town, is required.
Fort

Monmouth

(P.

County

O.'

County

ceive

(DST)

on

will

Treasurer,
until

bids

sealed

re¬

11

a.m.

July 6 for the purchase

Equitable
Securities Corp.,
York, as IV4S, at a price of
100.07, a basis of .1.23 %» Dated
July 1, 1949.
Due on July 1 from
New

&

Co.,

iy4s,

for

at

price

a

|

awarded to

were

White & Co. of New York,

D.

1.90s,

as

bonds

basis

at

price of 100.15, a
1.87%, as follows:

a

about

of

-

Due

$500.

District

ner,

ceive sealed
Wm;

G.

will

Treasurer,
bids

July 1, 1949.
Principal and interest (J-J) pay¬
able

payable to the
Treasurer, is required.

County

fered,

New

Bond Sale—The

offered

$217,500 bonds

June

on

2581—were

22—v.

awarded

169,
the

to

delity Union Trust Co.,
and

registered bonds. Dated July

Denomination
$1,200.
Due $1,200 on July 1 from 1950 to
1959 inclusive.
Principal and in¬
terest
payable at the
Sullivan
County National Bank, Liberty.
1,

1949.

to

the

name

in¬

of

rate

price of 100.333
2.67%.

basis

a

Sale consisted of:

$197,500 emergency
bonds.

Due

1950 to

1974 inclusive. Bonds

due

in

1,

and

1955

callable

are

1954, at

20,000 land
Due

July

on

thereafter

beginning

price of

a

acquisition
1 from

July

inclusive.

Bank,

1950 to

1958 inclusive.

All of the "bonds

1,

1949.

dated

Second

high

100.266 for the bonds

as

July

bid
23/4S

of
was

made

by a group composed of
Julius A. Ripple, Inc., J. R. Ross
& Co., and Ryan, Moss & Co.

Fort

Fort

Plain

Plain.

Legality

Bond

Offering

Rundell,
ceive

sealed

bids

June

on

Clerk,
until

30

will

S.
re¬

bonds.

Mount

the

pur¬

Trust

for

Dated

Principal and in¬

terest

(J-J) payable at the State
Bank, Chatham. Bidders to name
of

rate

interest,

expressed in

multiple of

Va or 1/10 of 1%.
approving opinion of Haw¬

The

ton,

1.20s, at

to

1959

a

inclusive.

York

the

Wood, of New
City, will be furnished to
purchaser without
cost.
A

certified check for $1,600, payable
to the District, is required.

Morningside

Water

Heights
(P. O.

District

Neck

York

(DST)

on

bids

duPont

about

1949.

awarded

to

&

1.69%.

Due

on

Dated July 1,
July 1 from 1950 to

1959 inclusive.

Guilderland,

June

until

28

for

3:30

p.m.

the

pur¬

chase of $8,000 not to exceed 4%
interest
water
1949
coupon
or
-

registered
1949.

$500

bonds.

Dated

Denomination
on

May

$500.

1,

Due

May -1 from 1950 to 1965
Principal and interest
payable
at
the
Town

inclusive.

(M-N)

Clerk's office, or at the First Na¬




cost.

■

check

certified

A

for $3,070,

payable to the Village,
is required.
New

York City Housing
New

Note
sue

Sale—The

XLI

notes

Dist.

McKnownville

Albany 3), N.
Bond

Water

(P. O. McKnownville,
Y.

Sale—The

$250,000 water
system bonds offered June 21—v.

169, p. 2694—were awarded to
Smith, Barney & Co., and Gold¬
man,

Sachs

&

Co., both

of

New

June

of

100.16,

a

as

2.40s, at

a

Dated July 1, 1949. Due on Jan. 1
from 1950 to

1979 inclusive.

&

interest,

plus

a

Hanover

York,
a

&

Trust

Bank

&

Trust

2V43, at

as

a

premium

of

New

July

Jan. 18, 1950.
*

/

18,
„

' *

Due

1949.

Sale consisted of:

/

Bond

'

.

Due

on

inclusive.

^

^

*

'

Mills, N. Y.
Offering—John T. Shaw,
Treasurer,

will

sealed bids until 1 p.m.

receive

(DST)

on

May, 1,
1951-

1950

to

school

189,000

to

from
000

inclusive.

1962

1956 to

from

1960

1961:

bonds.

Due

on

clusive.

277,000 series A streets and park¬
ing area bonds. Due on July

to

interest

1979

improvement
July 1 from

street
Due

on

1950 to 1959 inclusive.

Due

series A
on
July 1

1959

inclusive.

sewer

from

bonds.
1950 to

series B sewer bonds.
July 1 from 1950 to

on

1955 inclusive.

City./Bidders to name*
rate of interest,
expressed;in;
multiple/of. Va of 1%., The ap-*
proving opinionvof Mitchell &»
Pershing, of New York City, will'
be furnished: to the purchaser.
A:
certified checkVfor $14,000, pay-able to the State Treasurer, is re-'
quired.;
" \L'V,/]'.: '»
the

r

Newland, N. C.

•

.

Bond

v

Sale—The? $12,000

fire

and

sewer

Due

on

1969 in¬

1 from 1950 to

clusive.

"

dated July

are

Second high bid of 1C0.151

1, 1949.

water, '

equipment, bonds."

offered June 21

awarded to

were

McClarley & Co., of Asheville, at r
price of 100.14, a basis of about :
as follows:
V- v
Z/

a

3.90%,

.

$5,000 as 4i/2s..
Due on*-June 1 •
;• ;/ from 1950 to 1959 inclusive. 1 7,000 as *3%s. yDue oh/June ;1:
from 1.960 to 1965 inclusive.
The .second

Griffin &

highest bidder

was

Vaden, Inc., for 4s, at.a

price of 100.41.
.Yadkin

; :

V

(P. O.
;
Yadkinville), N. C.
/
Bond Offering — W. E. Easter-;
ling, Secretary of the Local Gov-*
.

County

-

ernment

Commission, will receive,

sealed bids at his office in Raleigh*
until

11

for the

(EST)

a.m.

June

on

28;

purchase of $230,000 not to

exceed

6%

interest

build¬

school

ing, Series B, coupon bonds. Dated
April 1, 1949. Denomination $1,000. Due on April 1, as follows:
$12,000 in 1959; $10,000 from 1960
1969

to

inclusive;

$15,000

frorr;
$10,006;

1973 inclusive, and

in

1974.
Principal and interest
(A-O) payable in New York City..
name the rate of inter-,-

est, expressed in a multiple of Va
1%. The approving opinion, of

.

of

»■

City, will
purchaser.

be furnished to the A certified check for-

$4,600, payable to the State Treasurer, is required.
/'
/ ' y
-

»

;

OHIO
Cincinnati

City Sch. Dist., Ohio
Offering — Wm. Mieten-'

Bond

koetter,
the

Clerk-Treasurer ofEducation, will re-;

Jr.,
of

Board

ceive

(EST)

on

until-

bids

sealed

2

p.m.:

July 11 for the purchase-

of

$3,000,000 2% building coupon ;
registered bonds.
Dated Sept.;
1, 1949. Denomination $1,000. Due :
$125,000 on Sept. 1 from 1950 to

or

inclusive.

1973

Bidders

to

name

the rate of interest, expressed

bonds.

water

July

.Principal',
payable in;

a

1 from 1950 to 1964 inclusive.

300,000

inclusive;,

inclusive.

(M-N)

1 from 1950 to 1959 inclusive.

115,000

1963

New York

325,500 series B streets and park¬
ing area bonds. Due on July

bonds.

inclusive; $10,-

to

Mitchell & Pershing, of New York/

July 1 from 1950 to 1964 in¬

334,500

on.

follows: $14,000 from
1955
inclusive;
$11,000

as

Bidders to

104,000 playground, land acquisi¬
tion
bonds:
Due on July 1
from

interest,/electric»

bonds. Dated May lfV

coupon

1970 to

>

public building bonds.
July 1 from 1950 to

149,500

not'

$6,000 from 1951 to 1958 inclusive;

Due
1954

bonds.
1950 to

inclusive.

for 2V4S was made by a syndicate

multiple

Va

of

and interest

in a
Principal

1%.,

of

•

(M-S) payable at the;

Irving Trust Co., New York City.:
approving opinion of the City Solicitor, will be furnished with-;
out charge.
A certified check for *
The

Co.,

1% of the amount of bonds bid for

Bear, Stearns & Co., Lee Higgin-

payable to the Board of Education

composed
son

of A.

C.

Allyn

&

Corp., W. H. Morton

&

Co.,

is required.

and King, Quirk & Co.
*,

.

$50,000

-

street

21—v.

169, p. 2694—were awarded
tb Fox, Reusch & Co., of Cincin¬
nati, and Griffin & Vaden, Inc., of
100.01,

a

jointly, at a price of
basis of about 2.93%, as

.

—

169,

p.

as

from

23/as.
1951

3s.
1962

Due
to

to

on

1961

Due

on

1968

Ohio '"*•

The

<*-

First

land, at
May 15,
from

June

1

a

inclusive.

June

1

inclusive.

'

20—v.

price of 101.14. Dated
1949.
Due on Nov. 15*

1950

second

i

to

1964

inclusive.

highest bidder

Sutherland

-

!
.[

$17,000 .fire

2582—were awarded to the
Cleveland Corp., of Cleve¬

&

Co.,"at
_

as

from

26,000

Ravenna)".
Sale

1C0.80.

follows:

$24 000

*

(P. OJ'

Twp.

station bonds offered June

Angier, N. C.
Sale—The

.

Bond

;

Bond

;

Franklin

NORTH CAROLINA

Raleigh,
or^

New York

Village

price of 100.23,

improvement bonds offered June
by
Lehman
York, at 0.92%

purchased

interest.

Dated

a

$288,000 equipment
on
July 1 from

1,000,000 purchased by Bessemer
Trust Co., Jersey City, 0.90%

plus

Trust

&

net interest cost of about 2.212%.

Co., New York, at 0.94% in¬
terest, plus a premium of $20.

interest,
$16.

Bank

Co.-, St Louis; Braun, Bosworth &
Co.,
Inc.,
Toledo; Roosevelt &
Cross, Inc., F. S. Smithers & Co.
and
Tilney & Co., all of New

All of the bonds

Bank

Hanover

Bros.,

Ripley

Harriman

Co.,

&

cantile-Commerce

pre¬

-

800.000

—

Co., Inc., all of New York; Mer¬

Associates, at

price

basis of about 2.38%.

Barney

22—

mium of $36.64.

tral

on

6%

of. $700,000

1949..Denomination .$1,000. Due

?

$2,942,000 bonds
June
23
v.
169,

2694—were awarded to a syn¬
dicate composed of the National
City iBank of Nfew York, Smith,

by

purchased

New York, and

1

York, jointly,

offered

$15,148,000 Is¬

offered

the
Chemical Bank & Trust Co.,

tral

.

/

p.

Due

0.94%

;

,

Y.

Bond Sale—The

859,500

2694—were awarded as

169, p.
follows:

v.

Co., Buffalo.

Yonker8, N.

Authority,

York

Co., New York, at 0.93% interest, plus a premium of $20.
<1,000,000 purchased by the Cen¬

Offering — Pluma H.
Chamberlin, Town Clerk, will re¬
sealed

&

Co., and Tilney &
Co., both of New York, jointly, as
1.70s, at a price of 100.01, a basis

Bond

ceive

Heckler

Sykes,

1,000.000 purchased by the Cen¬

I.

Marine Trust

ex¬

169, p.
Francis

2694—were

Chenango Forks),
New

of interest,

rate

Galloway, of New York City, will
furnished
to
the
purchaser
without

to E. H. Rollins & Sons,

Inc., New York, as l%s, at a
price of 100.161, a basis of about
1.728%.
Dated July 1, 1949 and
duo on July 1 from 1950 to 1964
inclusive.
Second / high / bid. ,;of
100.485 for 1.90s was made by the

&

be

$190,000 recre¬
improvement 1949

bonds offered June 21—v.

Bank

Kisco. Bidders

Mount

Vandewater,

(P. O.
Neck), N. Y.

area

National

the

$12,068,000

Estates

Principal

1949.

15,

pressed in a multiple of Va or 1/10
of 1%.
The approving opinion of

Bond Sale—The

ational

of

Chenango,

Co.,

name

•

Sale—The $99,000 coupon
registered school bonds offered
June
22—v.
169, p. 2694—were

awarded

purchase

exceed

light

Bond

1961

(J-J) payable at the

Kisco

kins, Delafield &

23—v.

price of 100.13, a
basis of about 1.17%."Dated July
1, 1949. Due on July 1 from 1950
as

to

July

interest

p.m.

July 1,
1949.
Denomination $1,000.
Due
$4,000 on July - 1 from 1950 to
inclusive.

and

3:30

chase of $80,000 not to exceed 4%
interest
school
1949
coupon
or

registered

Dated

2

or

inclusive.

1954

Elizabeth

—

District

Cross, of

(P. O. Unadilla), N.Y.

•

system bonds. De¬
nomination $1,000. Due $6,000 on July 15 from 1950 to

(P. O.

&

were

School District No.

Central

30,000 water

Chatham), N. Y.

a

bonds, divided as follows:

Due on
July 15, as follows: $12,500 in
1950; $12,000 from
1951 to
1953
inclusive,
and
$5,000

ap¬

Union Free

School District No. 1

school,

First National Bank of Bingham¬

p.m.

from 1954 to 1968 inclusive.

Great

2694—were awarded to the

3

22

the

to

1965

Unadilla, Butternuts and Sidney
-

28;

for

and

$177,900 school

June1

offered

Easter-

sealed bids at his office in Raleigh,
until 11 a.m.
(EST) on June

.

V"-'

,

except one for $500.

Vandewater, Sykes,
Galloway, of New York

Ghent and Chatham

Binghamton, N. Y.

p.

until

bids

sealed
on

$123,500 public improvement
bonds.
Denomination $1,000,

by

Great

169,

(DST)

National

NEW YORK

Bond Sale—The $600,000
1949 bonds offered June

receive

City.

the
are

dated

are

the

at

1969

par.

bonds.

July

on

1 from

Treasurer,will

Village

tered

(DST)

hou sing

,

Bond

Brooks,

1954

Bonds

Fi¬

of about

Kisco, N. Y.
O ff e r i n g—Alicia" M.

June 30 for the pur¬
chase of $153,500 not to exceed
5% interest 1949 coupon or regis¬

Newark,

Rogers, Gordon & Co., Inc.,
2.270s, at a

Mount

1951, and $5,000 from 1952 to

p.

New York, jointly, as

incl.

1966

tion $1,000. Due on July 1, as
follows:
$4,000 in 1950 and

proved

York, N. J.

to

23,000 paving bonds. Denomina¬

Heckler &

West

1951

Heights),

York

York, as 2Vas, at a price of
100.22, a basis of about 2.22%.

-

■

,

Greenville, N. C.
Offering—W. E.

$20,000 in 1964/..and $35,000 from;

3i

New

office of

the

at

Birmingham, of Liberty,
28 for

purchase of $12,000 not to ex¬
4% interest fire'apparatus

on

for 2% of the amount of bonds of¬

from

000

Dist.' No.

awarded to Roosevelt

re¬

until 2 p.m. (DST) on June

July 1, as fol¬
lows: $1,500 in 1950, and $1,-

inclusive.

in¬

of

Sch.

Bond Sale—The
bonds

Liberty), N. Y.
- •
Bond Offering — Richard Joy-

Bidders

Principal
and interest (J-J) payable at the
County Treasurer's office. Bidders
to name the rate of interest, ex¬
pressed in a multiple of Vs or 1/20
of 1%. The approving opinion of
Caldwell,
Marshall Trimble
&
Mitchell, of New York City, will
be
furnished
to
the
purchaser
without charge. A certified check
1961

to

rate

O. Roslyn

(P.

1

White Sulphur Springs
Fire District (P. O.

Liberty,

23,000 paving bonds.
of
terest, expressed in a multiple of
1949 coupon or registered bonds.
The second highest bidder was
Va or l/10th of 1%. The approv¬
Dated July 15, 1949. Denomination E. H. Rollins &
Sons, for 2s, at a ing opinion of Wm. G. Birming¬
$1,000. Due on July 15, as follows: price of 100.38.
ham, of Liberty, will be furnished
to the purchaser without cost. A
$35,000 from 1950 to 1952 inclu¬
Sale consisted of:
certified check for $240, payable
sive; $40,000 from 1953 to 1955
inclusive; $46,000 from 1956 to $17,500 water bonds. Denomina¬ to the District, is required.
",j
tion
$1,000, except one for
1958 inclusive, and $52,000 from
1959

the

name

Free

Union

of

price of 100.03.

a

Bond

.

Hempstead and Oyster Bay

North

F. S. Smithers

was

100.06.'

1949

$40,500

to

1950 to 1958 inclusive. The second

highest bidder

and'

&

ling, Secretary of the Local Gov¬
ernment Commission, will receive;

1/10 of

or

Greensboro,

Peeler

'

inclusive/ Principal
(J-D) payable at the
Co., of Utica.

1%.
The approv¬
ing opinion of Vandewater, Sykes,
Heckler
&
Galloway, bf
New
York4 City, will be furnished to
the purchaser without cost. A cer¬
tified check for $1,400, payable to
the Village, is required.
Va

the

ceed

in-1 $17,500 water bonds.

of $519,000 not to exceed 6%
terest
general improvement

recon¬

169, p. 2694—were awarded to

v.

the

Plain, N. Y.

offered June 23

R.

t

Sale—The

Bond

Freehold), N. J.
Bond Offering—Edgar O. Mur¬

phy,

building

and

struction bonds offered June 22—

or

City, will be furnished to the
purchaser without cost.
A certi¬
fied check for $300, payable to the

1969 inclusive.

to

of

ler

at

terest, expressed in a multiple of

,.

1951

from

1

equipment

ex¬

Va

of

Bidders

Sale—The

Vance Securi--

was

Corp.,

-

Lee

Co.,
Our-'
ham, jointly, for $16,000 as 21/zs;:
$20,U0u as 3^s, and $14,000 as 3s,1

$7,000 in
$8,000 from 1952

New

interest,

multiple

a

to

Kingston, N. Y.
$158,000 street

Bond

1/10 of 1%. The approving opin¬

Co., of New York, as
2.40s, at a price of 100.31, a basis
of about 2.32%.
Dated June 1,
Due

of

rate

in

pressed

&

1949.

the

name

$1,000.

First Bank & Trust

M. Grant,

Bond Offering—Alan

(F-A) payable
the Morristown Trust Co., Mor-

1,
Due

inclusive, and $2,000. from

'

cipal and interest

June

follows:

as

1951;

Co. of

Syracuse, for 4s.

Dated

Denomination

1949.

Co.,

bidder

highest

lies

registered

June

Due

highest bidder

eral improvement, 1949 coupon or

2694—were awarded to the Manu¬
and

Dated June 1; 1949. The second1

purchase of $70,-

000 not to exceed 5% interest gen-

The

facturers

29 for the

June

N.

Jordan,

Bond

Monday, June 27, 1949

Ryan,-

was

price of,

a

:%"/

The'

.

*

Fremont,- Ohio
Bond and Note Offering — Fred
•>

Peltier, City Auditor, will receive'
sealed, bids

until

noon'(EST)

on-1

169

Volume

Number 4815

THE

9 for the purchase,of $95,947.10 2% coupon bonds and notes,

July

divided

follows:

as

$20,000 street improvement, city's
portion bonds. Denomination
$1,000. Due $2,000 on Oct. 1
r

.

.

from

1950

5,367.50

1959

to

inclusive.

bids

until

8

COMMERCIAL

(CST) on June
28 for the purchase of
$81,699.73
paving district No. 24 bonds. The
p.m.

amount of this issue will

approxi¬
$81,699.73 based upon the
Engineer's final estimate of cost,
mate

and

this

upon

which all bids shall be sub¬

shall

be

the

amount

improvement,
city's portion bonds. Denomi¬
nation • $500, except one for

'

mitted.

$867.50. Due

*
.

ished in the event that the actual

street

lows:

Oct. 1,

on

as

$500 from 1950 to

inclusive and $867.50 in

fol¬
1958

1959.

I

52,000 street improvement, prop;.
erty owner s portion notes.
*-

Denominations

-

chaser

the

as

Due on

request.

may

pur-

18,579.60 street improvement,
property • owner's portion
Denomination

notes.

Dated

the

as

purchaser may request.
on April 1, 1951.

Due

April .1, 1949. Principal
(A-O) payable at the

ders

to

Fremont.

of

Bank

Bid¬

the rate of interest,

name

expressed in a multiple of V*
1%. A certified check for 1%

of

of
bid, payable to

the amount of the

the City,

cost

informed

amount

may

be dimin¬

of the work

is less than the

Engineers' .estimate,
further

and may be
by the total

diminished

amount of cash payments made by

property

within

owners

day period.

the

the

rate

of

$500 each; be payable at the end

were

awarded

burn

Co.,

$27,700

Bond

Offering

—

Sutton,

Paul

The

their

approximately

year,

bonds

bonds

1/10

assessments

as

The

in

of

similar

are

this

class

to

other

issued

in

the

State

under authority of Chapter
173, S. L. O. 1923, except that they
issued under the

are

authority of

the Charter and ordinances of the

1, as follows: $531.43 in 1950, and
$500 from 1952 to 1958 inclusive.

the

the rate of inter¬

the

check for

$50, payable to the City,
is required.
'•
,

(P.
Ohio

County

Elyria),
Note

Offering—Elvin

O.

10%

of

immediate

bonds

should

District

The bonds

Had-

for the

II

purchase of $14,736.28

improvement
No. 100 notes. Dated July 15, 1949.
Due on July 15, 1951. Bidders to
name
the
rate of interest, ex¬
3%

supply

water

pressed in a multiple of
of 1%.
Interest J-J. The approving opin¬
of

ion

Squire, Sanders & Demp-

of

sey,

nished

will

Cleveland,
the

at

be
of

expense

fur¬
the

retirement

of

the

on

of the rate

cess

is

on

in

1%

the

in

the

bonds

have

been

retired, and

which

will amount to approxi¬
mately 5% of the issue at the end
of the 10-year period.
No bid for
less than par and accrued interest,
nor

for--less

»

amount of

sidered.

than

issue will

the

No

the

be

of

the

and

bid,

payable

interest

at

will be allowed
date

of

award

of

the

to

6%
on

per

same

sale

City,

annum

from the

of

date

to

is

Commissioners
lar

U

Mount Victory, Ohio

.

Bond

Sale

The

—

first

the

regu¬

special meeting subsequent

or

time of filing

the

to

at

thereof.

Foraker School District, Okla.
bonds offered
2582 — were
Bond Sale Details—The $7,500
awarded to j. A. White & Co., of
building and repair bonds pur¬
Cincinnati, as 4s, at a price of chased by the R. J. Edwards, Inc.,
100.90, a basis of about 3.84%. of Oklahoma City, as previously
Dated March 1, 1949. Due $250 on noted
in
v.
169, p. 2582, were
Sept. 1 from 1950 to 1961 inclu- awarded as l^s, at a price of par,
works improvement
June 18 — v. 169, p.

,

sive.

June

Paulding, Ohio
Bond

Offering—Robert M. Me-

bids until noon (EST) on
July 5 for the purchase of $16,700 3% street improvement bonds,

$8,900

'

as

follows:

Miller

-Parkway

000 and $500.
«

.

;

bonds.

One bond for $900, others $L«
\

•

Due

on

1, 1954.
Haskell,

Bond

sealed

divided

sewer

169,

to

Street
bonds.
$800, others $1,Due
on
Sept. 1

One bond for

each.

,2695—were

p.

Davis

L.

$40,000

sani¬

bonds offered June 21
of

Tulsa

awarded

and

J.

R.

Edwards, Inc. of Oklahoma City,
jointly. Due from 1952 to 1971 in¬
clusive.

Sept. 1

7,800 '1 Harrison
G00

Okla.

Sale—The

tary
—v.

from 1950 to 1959 inclusive..--

from .1950 to

1, 1949 and mature

V

-

daugh, Village Clerk, will receive

•

dated June

are

1954 inclusive.

-

Kaw
Bond

City,

Okla.

y

Sale—The

$15,000..,. water
works system bonds offered June
22—v. 169, p. 2582—were awarded
to R.f J. Edwards,, Inc.
ofjOkla-

*

All of the bonds are dated

i, 1949.
V
■

Bond

July

v;',•
Sandusky, Ohio
Sale

—

The

$45,280 street

homa
ities

City, and the First Secur¬
Co.

jointly,

of

on

of Wichita,
bid reflecting'a net

Kansas,

a

interest cost of about 2.36%.

Due

from

The

1952

to

1959

inclusive.

to

the

16

the

bid

is

re¬

bonds
p.

offered

June

on

bid

a

re¬

1950

to

second

Northwest

Co.,

price of

a

inclu¬

1964

highest bidder
Se¬

2583—were

United

awarded
National

wStates

offered

June

liam
4s.

of

second

city
169,

20—v.

County Bank of Arlington, as
a price
of par. Dated July
Due on July 1 from 1950

at

1955 inclusive.

(P.

awarded

of

the

to

a

First

June

14

were

syndicate composed
National

Bank, of Chicago, Atkinson-Jones
& Co., and Hess & McFaul, both
of Portland/ at a price of 100.52,
June

on.

1,

1951.;

400,000

l3/4s.

as

from
Dated

Due.

June

on

1

1952 to 1959 inclusive.

Winfree,

1, 1949. Denomina¬
Legality approved by

McCulloch,

Shuler

&

Sayre, of Portland.
John

For-

—

Sale

County,

S.

W.

Patton

—

9,000

3s.

as

as

ex¬

general obligation coupon
bonds. Dated July 1, 1949. Denom¬

ination

to

1965

It'-

*

Reno, Okla.
Offering—C. A. Bentley,
El

«•

inclusive; $4,000 from
inclusive
1970

and

Bond

City Manager, will receive sealed




Bond

portation
fered

Park

Sale

—

Due

1950

June

15

2V4S.

1969

Due

July

receive

June 28 for the

coupon
A certified check for $500

Jeannette,
Bond

Pa.

Sale—The

bond? .offered

$65,000

June

22

city

169,
2695—were awarded to Moore,
Leonard & Lynch of Pittsburgh,
as l%s, at a
price of 100.14.
The
second highest bidder was Jean¬
—

v.

p.

nette Bank & Trust

inclusive.

on

Couch,

will

Co., for 2s, at

price of 100.53.

a

1

from 1970 and

Dated July 1,

1978 inclusive.
Middlesex

1949.

Twp. Sch. Dist.

R. D. No.

Bond

(P.

O.

Valencia), Pa.
Offering — S. H. Kind,
1,

Bend, Ore.
Bond Offering—Virgil Klockars, District
Secretary, will receive
City Recorder, will receive sealed sealed bids until July 11 for the
bids until 7:30 p.m. (PST) on June purchase of $20,000 school coupon
28 for the purchase of $175,000 not bonds.
A certified check for
$400
to exceed 3V2% sewage disposal is required.
'

Versaillis Twp. Sch. Dist. (P. O.

Treasurer's

office.

The approving

Winfree, McCulloch,
Shuler & Sayre, of Portland, will
be furnished to the purchaser. A
opinion

of

Prin¬

Yachats Rural Fire Protection

District,

Ore.

Bond Offering—Sealed bids will

1224 Kansas Avenue McKees.

Bond

port), Pa.
Offering—H. H.

key,

Secretary of
School
Directors,

the

McClos-

Board

will

of

receive

sealed bids until 7:30 p.m. (DST)
on
June 30 for the purchase of

$236,000

building

and improve¬
bonds. Dated July 1,
Denomination $1,000.
Due
July 1, as follows: $9,000 from

ment coupon

1949.
on

1951

to

from

1954

1955

ders to

inclusive, and $8,000

to

expressed in
1%.

1979

inclusive.

Bid¬

the rate of

name

a

Principal

interest,
multiple of lA of
and interest pay¬

able at the
People City Bank,
McKeesport. The approving opin¬
ion of Burgwin, Churchill, Ruffin & Hazlett, of
Pittsburgh, will
be

furnished.

A

certified

check

for

is

$4,720, payable to the District,
required.

Warrington Twp. Sch. Dist. (P. O.
Chalfont, R. D.), Pa.
Bond Offering—G. Leroy Shutt,
Secretary of the Board of School
Directors, will receive sealed bids
until 9 p.m. (DST) on July 6 for
the purchase of $113,000 building
and improvement coupon bonds.
Dated on July 15,1949. Denomina¬
tion $1,000. Due on July 15, as fol¬
lows: $5,000 from 1951 to 1972 in¬
clusive and $3,000 in 1973. Bidders
to name the rate of interest, ex¬
pressed in the multiple of Vs of
1%.
The
approving opinion of
Townsend, Elliott & Munson, of
Philadelphia, will be delivered
free of charge to the purchaser. A
certified check for 2% of the face
amount

of

the

bonds,

payable to

—

Sch. Dist., Okla.

were

Secretary,

bids until

is required.

July 1 from

on

to

,

The $7,000 trans¬

equipment

sealed

(P. O.

-

$5,000

inclusive.

bonds offered June
Mountain

Pittsburgh), Pa.
Offering—Earl C.

District

p.

$1,000. Due on July 1, as
follows:: $2,000 in 1951 and 1952; certified check for $4,000, is re¬
$3,000 from 1953 to 1955 inclu¬ quired.
sive; $4,000 from 1956 to 1966 in¬
Polk County Sch. Dist. No.
16
clusive and $3,000 in 1967. Prin¬
(P. O. Independence), Ore.
cipal and interest (J-J) payable
Bond Offering — Elma Tarter,
at the office of the City Treasurer.
District Clerk, will receive sealed
The approving opinion of Winbids until 8 p.m. (PST) on July 5
free, McCulloch, Shuler & Sayre,
for the purchase of $24,000 not to
of Portland, will be furnished by
exceed 6% interest school bonds.
the City without cost to the pur¬
Dated July 1, 1949. Due $2,000 on
chaser. A certified check for $3,July 1 from 1950 t<} 1961 inclusive.
000, payable to the City, is re¬
Principal and interest (J-J) pay¬
quired.
able at the County Treasurer's of¬
Lane County Siuslaw Sch. Dist.
fice, or at the fiscal agency of the
No. 97J (P. O. Florence),
State, in New York City, at the
option of the holder. These bonds
Oregon
Bond Offering — H. F. Severy, were
authorized at the election
District Clerk, will receive sealed held on May 9.
The approving
bids until 8 p.m. (PST) on June opinion
of Winfree, McCulloch,
27 for the purchase of $70,000 not Shuler & Sayre, of Portland, will
to
exceed
5%
interest
school be furnished to the purchaser. A
check
for
bonds. Dated July 1, 1949. Due on certified
$480 is re¬
July 1, as follows: $1,000 from quired.
1951 to 1955

Tree School District

Bond

Francis

tension

1956

.4

Green

2583—were
Co., of Port¬
land, at a price of 98.54, a basis
of about 3.22%, as follows:
from

Dated July 1, 1949. Due
July 1 from 1950 to 1959 incl.

Day, Ore.

Offering

from 1966 to

1.89%.
on

awarded to Blyth &

?

sewer

Sherrerd, of Philadelphia, as 2s, at
a price of
100.53, a basis of about

Road,

15—v.

169,

—

June 16—v. 169, p.
2470—were awarded to Butcher &

—

plant bonds. Dated July 1, 1949.
Cole, Due on July 1, as follows: $9,000
City Recorder, will receive sealed from 1950 to 1968 inclusive, and
bids until 8 p.m. (PST) on July $4,000 in 1969. Principal and in¬
6 for the purchase of $60,000 not terest (J-J) payable at the City
Bond

Forty Fort, Pa.
The $95,000

Bond Sale

bonds.

June

$20,000

$2,000 is required.

purchase of $24,000 school

eral

Sale

R.
re¬

bonds offered

Valley View

(P. O. 4915

Portland), Ore.
The $29,000 gen¬
obligation
bonds
offered

Bond

O.

purchase of $100,000 school
bonds. A certified check

for

for June 21, was post¬
poned until June 24.

Water District

(P.

coupon

of

,

...

OKLAHOMA

the

North

June

tion $1,000.

Postponed

Dist.

Offering — Garvin
Wylie, District Secretary, will

scheduled

basis of about 1.74%, as follows:

$50,000 as-4s.— Due

was

Sch.

ceive sealed bids until June 27 for

the $592,000 not to exceed 4% in¬
terest
school
bonds,
originally

$450,000 school

Bank, of
Portland, Harris Trust & Savings

a

Sale

Multnomah

Bond Sale—The

bidder

Twp.

Bond

County Sch. Dist. No. 3
O. Parkrose), Ore.

Bond

County Sch. Dist. No. 62
(P. O. Oregon City), Ore.
offered

highest

d.yce & Co., for 2%s, at a price of

Clackamas

bonds

as

improvement bonds offered June second highest bidder was Evan cipal and interest (J-J) payable at be received until 8 p.m. (PST)
the County Treasurer's office. The
20—v.J69, p. 2470—were awarded L. Davis, Tulsa, on a bid reflect¬
on
June 28 for the purchase of
approving
opinion - of
Winfree,
to Sweney, Cartwright & Co., of
ing a net interest cost of about
$20,000 not to exceed 6% interest
McCulloch, Shuler & Sayre, of
Columbus, as l%s, at a price of 2.36%.
fire apparatus bonds. Dated July
Portland
will
be
furnished
the
101.25, a basis of about 1.53%.
1,
1949.
Due on
July
1
from
successful
bidder.
A
certified
Dated June 15, 1949. Due on Dec.
Lambert School District, Okla.
1952
to
1965 inclusive. Interest
check for $500 is required.
1 from 1950 to 1959 inclusive. The
Bond Sale—The $40,000 build¬
J-J.
second highest bidder was J. A.
ing bonds offered June 7 were Lane County School District No. 68
White & Co., Cincinnati for l3/4s,
PENNSYLVANIA
awarded to R. J. Edwards, Inc.,
(P. O. McKenzie Bridge), Ore.
at a price of 101.12*
of Oklahoma City.
Bond Sale
The $40,000 school
»
,1
1
v.
Allenport, Pa.
,

bonds, payable to the
District Treasurer, is required.

Multnomah

1, 1949.
to

Portland,

the

to

A

of

Washington), Pa.

169,

Bank

purchaser free of charge.

amount

100.50.

par.

2583—were awarded to the Gil¬

p.

<

the

certified check for 2% of the face

Canton

school

20—v.

the rate of inter¬

Philadeplhia, will be delivered to

County Sch. Dist.
(P. O. Fairview),

Oregon
Sale—The $27,000

Bond

State

to exceed 3V2% interest sewer

$3,000 water

of

name

est, expressed in a multiple of %
of 1%.
The approving opinion of
Townsend, Elliott & Munson, of

Multnomah

Boardman, Ore.
Sale—The
$10,000

Bond

bonds

furnished

fied check for 10% of the amount

from
The

attle, for 3s, at

con¬

by the City.
All bids
must be accompanied by a certi¬

5%

quired.

net interest cost of about

Pacific

was

entire

legal opinion will be

for

check

Bidders to

1 from 1952 to 1960 inclusive. The

a

1

sive.

ex¬

bonds, and

accumulates

excess

interest

3%

July 1, 1949. De¬
nomination
$1,600.
Due
$1,600
on
July 1 from 1950 to 1959 in¬
clusive.
Principal
and
interest
(J-J) payable at the office of the
County
Treasurer.
A
certified

July

further guaranteed

assessments

exceed

2.85%. Dated July 1, 1949. Due on

assessment of
become
delinquent.

are

awarded

Commission,

flecting

any

delivery. Bids will be opened and
considered by the Board of City

'

was

to

2%s, at a price of
100.23, a basis of about 2.45%.
Dated July 1, 1949.
Due on Jan.

Bond

any

County. A certified eheck for $150,
payable to the County Treasurer,

required.

second

2695—were

by the fact that the interest rate

all

C.

inclusive.-

Bond Sale—The $125,000 school
bonds offered June 21—v. 169, p.

amount of cash equal to
the issue to be used for

Special Fund of the District until

sell, Clerk of the Board of County
Commissioners, will receive sealed
bids until 10 a.m. (EST) on July

from

not

No.

propriate out of funds provided in
the current budget for that pur¬

which
Lorain

Due

000

warrants. Dated

County Sch. Dist. No. 16
(P. O. Huntington), Ore.

They are not a direct gen¬
obligation of the City but are
against
the
assessment
levied against the property bene¬

an

on

Baker

accumulate.

pose

name

as

OREGON

each

1, 1949. Denomination $5,000, ex¬
cept one for $531.43. Due on Dec.

est, expressed in a multiple of
of 1%. Interest J-D. A certified

City,

highest bidder
J. Edwards, Inc.

R.

fited
by the improvement. Be¬
fore the delivery of the bonds to
the purchaser the City will ap¬

Bidders to

Small-Mil-

bonds.

1955

numerical

callable

Auditor, will receive sealed
noon
(EST) on July 6
for the purchase of $4,531.43 3%
Street Improvement
Sidewalk
District No. 20 bonds. Dated July
until

bids

the

Oklahoma

bridge

1952 to

issued

City

to

of

1952 to 1962 inclusive.
4,000 cemetery bonds. Due from

eral

Ohio

Ironton,

inclusive. The second

Bank,
of
l3/4s, at a price

follows:

City.

is required.

Due

as

issue; and

be

State

59

i

per

of 10 years from date of

(2803)

Beaver Meadows Sch. Dist., Pa.
July 1 from 1952 to 1956
Bond Offering — Ira J. Kunkel,
highest bid¬
100.35, a basis of about 1.68%. der was Blyth & Co., for $16,000
Secretary of the Board of School
The second highest
bidder was as 3%s, and $24,000 as 2V2S.
Directors, will receive sealed bids
J. E. Piersol Bond
Co., for $3,000
until 8 p.m. (EST) on July 6 for
as
2V4S, and $4,000 as 2V2S, at a Linn County School District No. 19 the purchase of
$19,000 general
(P.O. Albany), Ore.
price of 100.14.
obligation
improvement
coupon
Warrant Offering—Ellen E. M.
bonds. Dated July 15, 1949. De¬
Pauls Valley, Okla.
Miller, District Clerk, will receive nomination
$1,000. Due on July 15,
Bond Sale —The
$31,700 bonds sealed bids until 8 p.m. (PST) on as follows: $2,000 from 1950 to
June 27 for the purchase of $16,offered June 20—v. 169,
p. 2695—
1958 inclusive, and $1,000 in 1959.

issued in denominations of

annum,

Planters

CHRONICLE

of

30-

6%

FINANCIAL

Mountain Park,

The bonds will bear

at

order;

and interest

National

are

this

interest

April 1, 1951.
•

that

Bidders

the

&

bonds
awarded

of¬
to

20—v.

169, p.

Bond

Offering

Chas.

The Borough
Secretary will receive sealed bids

N. Tripp Co., of Portland, as 2%s,
at a price of 100.50, a basis of

until 7 p.m. (EST) on June 27 for
the purchase of $40,000J general

2583—were

awarded

about 2.60%. Dated

to

the

July

1,

1949. obligation bonds.

the District Treasurer, is required.

—

4

'

>

-mi

Wilkes-Barre School District, Pa.

jBond Sale,:—7 The $700:000 im¬
provement bonds offered June 21
—vi'

169; pi 2583—were awarded

<

s

to

lion

&

000, on a bid reflecting a net

New York

both of

&
at

about 1.946%. Dated July 15,

due on July 15

and

Rico

RICO

Aqueduct and Sewer
Imminent

Issue

'
Bank

—

Development

Government

Rico, working in coop
eration with B. J. Van Ingen <5

for Puerto

Co.,

York, announces
forthcoming issue

New

Inc.,

that details of a

$22,700,000 Authority revenue
bonds of 1949 have been com¬

pleted.
A banking group is now
being formed for the purpose of
underwriting the loan.
Since its
formation in 1945, the Authority

of

cost

about

acquired all of the water and
sewer properties on the Island of
Puerto Rico and has assumed cer¬
tain
water and
sewer revenue
issued by various

munici

In addition to retiring
these and certain other items of
indebtedness,
proceeds
of the
scheduled bond issue will pro
vide about $12,000,000 for con
tinuation of improvements to the
palities.

Dec.

2.57%,

as

inclu¬

1953

to

1949

Dated

School District

County.

Sinkler,

1958.

June

Charleston.

Nashville, Tenn.

Sale Details—The

$35,000

sewage

disposal plan bonds pur¬

chased

by

Gefke & Co., Inc., of
Sioux Falls, as previously noted
in v. 169, p. 2583 were sold as 3s,
at a price of par.

2s, at

as

price of 100.52,

a

1.96%.

about

of

1948. Due

a

basis

June

Dated

1,

June 1 from 1950 to

on

1978 inclusive.

Bond

awarded

Otis

to

&

Co., of

Offering—Roscoe

County Judge, will receive sealed
10 a.m.
(CST) on July 21
the

to

exceed

2.49%,

$90,000

follows:

as

b1 iq
cemetery
and
improvement
bonds.

p u

street

1967 inclu¬

Due from 1952 to

sive.

Trus¬

50,000 water

and

bonds.

sewer

Byrd,

until
for

purchase of $300,000 not
school

interest

4%

bonds. Dated

July 1, 1949. Due on

July 1, as follows: $21,000 in 1950
1951; $22,000 in 1952; $23,000
in 1953; $24,000 in 1954 and 1955;
$25,000 in 1956; $26,000 in 1957;
$27,000 in 1958; $28,000 in 1959;
$29,000 in 1960, and $30,000 in
and

receive sealed bids un¬
Due from 1952 to 1968 inclu¬
til noon (EST) on June 30 for the
sive.
purchase of $450,000 school coupon
1961.
Bidders to name the rate of
Dated July 1, 1949.
The second
bonds. Dated July 1, 1949. Denom¬
interest, expressed in a multiple
highest bidder was Garrett-Bromination $1,000. Due on July 1, as
of
y4
of
1%.
The approving
follows: $8,000 from 1950 to 1954 field & Co., and Sidlo, Simons,
opinion of Chapman & Cutler, of
inclusive; $13,000 from 1955 to Roberts & Co., jointly, for $16,000
Chicago, will be furnished to the
1959 inclusive;* $18,000 from 1960 as 3s; $80,000 as 2y2s, and $44,000
purchaser without cost.
A certi¬
to
1964 inclusive;
$23,000 from as 2%s, at a price of 100.15.
fied check for $6,000, payable to
1965 to 1969 inclusive, and $28,he County Trustee, is required.
Gettysburg, S. Dak.
000 from 1970 to 1974 inclusive.
Bond Offering—A. L. CombelPrincipal and interest payable at
TEXAS
the Chemical Bank & Trust Co., lick, City Auditor, will receive
tees, will

Bidders to name
expressed in a

New York City.

multiple of Vs or 1/10 of

1%. The

sealed
8

auction

and

until

bids

(CST) on June 27 for the
purchase of $35,000 not to exceed
5%.interest Sewer Spec. Assmt.
bonds.
Dated July 1, 1949.
Due
on
Sept. 1, as follows: $8,000 in

Clinton,
Bond

S.

ject to redemption

C.

Sale—The $400,000 bonds

on any

interest

payment date, at par and accrued

interest, in order of serial num¬
bers, lowest numbers first. Prin¬
were awarded to the Trust Co. of
cipal and interest (M-S) payable
Georgia, of Atlanta, F. W. Craigie
at the City Treasurer's office, or
& Co., of Richmond, and A. M.
Law & Co., of Spartanburg, joint¬ at any suitable banking instituion designated by the purchaser.
ly, as follows:
offered June

16—v. 169, p. 2470—

$50,000 street improvement bonds,
at a price of 100.43, a basis of
about 2.66%: $20,000 as 2V2s,
due

on

Jan.

1

from

1950

to

$30,000 as
Jan. 1 from 1960

1959 inclusive, and

2%s, due on
to 1969 inclusive.

*:

350,000 general obligation utility
bonds, at a price of 100.002, a
basis of about 2.64%: $50,000

3s, due on Jan: 1 from 1950
to 1954 inclusive; $64,000 as
2y4s, due on Jan. 1 from 1955
to 1959 inclusive; $86,000 as
2y2s, due on Jan. 1 from 1960
to 1964 inclusive, and $150,000 as 2%s, due on Jan.
1

;

as

i.
:

j

from

to

1965

1971

inclusive.

Bellair^ Texas

p.m.

approving opinion of Reed, Hoyt
& Washburn, of New York City,
will be furnished to the purchaser.
A certified check for $10,000, pay¬ 1950, and $9,000 from 1951 to 1953
able to the District, is required.
inclusive. The bonds will be sub¬

.

Bidders

to

the

name

terest, expressed in
y4 or 1/10 of 1%.
were

lield

authorized
Jan.

on

of

rate

These

at

the

25, 1949. A certified

—

Rose Paynter,

City Auditor, will receive sealed
Dids until 8 p.m. (CST) on July 5
for the purchase of $75,000 not lo
exceed 4% interest
as

bonds, divided

follows:

$50,000

system and dis¬

sewerage

22—v.

awarded

were

1949

posal bonds.

25,000 street improvement bonds.

Dated May 1, 1949. Denomina¬
July 1, 1949. The second
highest bidder was Courts & Co., tion $1,000. A certified check for
for $50,000, on a bid reflecting a $3,000, for the bonds of each issue,

Co., of Houston, and
Texas Corp., of San
Antonio, jointly, on a bid reflect¬
ing a net interest cost of about
2.98%.
Date July 1, 1949.
Due
April 1 from 1951 to 1969 inclusive.
The
second
highest bidder was
«Tidley & Hess, and M. E. Allison
& Co., jointly, on a bid reflect¬
ing a net interest cost of about
First

he

of

3.09%.

Sale

Bond

The

—

$80,000 mu¬

nicipal garage bonds offered June
16 were awarded to Rotan, Mosle
&

Moreland, of Houston, as 2y2s,
a
price of 100.23, a basis of
Dated Aug. 1, 1949.
Denomination $1,000.
Due as folows: $3,000 from 1950 to 1952 in¬
clusive; $4,000 in 1953 and 1954;
$5,000 in 1955 and 1956; $6,000 in
1957 and 1958; $7,000 from 1959 to
1961; $8,000 in 1962 and 1963, and
$4,000 in 1964. Principal and in¬
terest payable at the City Treas¬
urer's office, or at the National
City Bank, New York. Legality
approved by Wood, King & Daw¬
at

son,

CONSOLIDATED TEXTILE CO., INC.

Bonds Sold—An issue

received

000

Indep. Sch. Dist., S. Dak.

Bond Sale—The $17,000 refund¬
awarded
as

3s, at

offered

to
a

the

June

Bank

10

of

were

Veblen,

price of par.

The Board of Directors of

quarterly dividend on the
Capital Stock of the Corpora¬

:

R. W. Gleason,

Secretary'




Bidders

the

First

National

Dated

April

1949

of $573,-

bonds has

John Nuveen & Co.,

name

the

rate

in¬

of

terest, expressed in a multiple of
Vs of 1%.
These bonds were au¬
thorized

at

30.

May

election

an

certified

A

held

on

check

for

$1,060, payable to the District, is
required.
Rural

Sch.

High
—

C.

Bank,

231,000

of

1949.
Legality; approved by Charles &
Trauerhicht, of St. Louis.
1,

.

27

for

not

the

of the Board

Secretary
8

p.m. (CST) on June 29 for the
purchase of $100,000 not to ex¬

4%

school

interest

Dated July

house

1, 1949.

in

000

1953; $8,000 from 1954 to
1962 inclusive, and $9,000 in 1963
and 1964.
Principal and interest

(J-J) payable at place designated
by
the
purchaser.
Bidders
to
name
the
rate
of interest, ex¬
pressed in

multiple of Vs of 1%.

a

A certified

check for $2,000, pay¬

able to the

District, is required.

to

as

water

and

sewer

revenue

bonds

1962
as

to

23As.

inclusive.

1966

Due

on

June 1

from 1967 to 1969 inclusive.

*

(These
of the

May

bonds

are

the

balance

$1,130,000 issue offered on

20,

for

ceived were

which

all

rejected.)

of

ft]
":tr

$30,0(

interest scho«,„

6%

%

State

the

holder's

in

New

York

option.

City,
certifie

A

is

required.

]mm

Hartford,
Bond

City

m

bi#v,3

check for 5% of the amount of

Jgl

Wis.

Offering—Rollin

Clerk,

will

Abbot

fV E

sealeife1$l
Juljf|®l

receive

bids until 7:30 p.m. (CST) on
12 for the purchase of $375,00

not to exceed 2V2% interest sewe

bonds.

p

f|

Dated

July 1, 1949. De
nomination $1,000. Due on July
l|
follows: $18,000 from 1950 t<
1959'inclusive; $19,000 from 1961 i
inclusive, and $20,000 frort

as

to 1964

1965
to

inclusive.

1969

to

the rate

name

Bidden

of interest,

|

ex¬

pressed in

a multiple of V\ of 1%
Principal and interest (J-J) pay-i
able at the First National Bankl

Hartford.

The

of Chapman &

approving opinion

furnished

be

Chicago'

Cutler, of

the

to

pur-|
chaser. A certified check for $10,-

Treasurer,!

000, payable to the City
is required.

offered June 20—v. 169, p. 2584—

Milwaukee, Wis.
awarded to Roe & Co., of
Bond Sale—The $2,500,000 vet-* I
Antonio, and the Eddleman- erans'
housing, Series A bonds of-»j
Pollok Co., of Houston, jointly, at
fered June 20—v. 169, p. 2471—
a price of
100.03, a basis of about were awarded to a
syndicate com¬
3.07%. The second highest bidder
posed of the Bankers Trust Co.j?
was
McRoberts & Co., at a price
Chemical Bank & Trust Co., botlt
of 100.01, a basis of about 3.13%.
of New York, Marine National Ex4
change Bank, of Milwaukee, F. Sjj
Willacy County Housing Authority
Smithers & Co., of New York, ana!
(P.O. Raymondville), Texas
the Northwestern National Bank;!
Bond Offering—Nathan Hedges,
of Minneapolis, as iy8s, at a pricqj
Chairman of the Board of Com¬
of 100.26, a basis of 1.03%. DatetL
missioners,
will receive
sealed
Dids until 10 a.m. (CST) on June July 1, 1949. The second highest |
bidder was Chase National Bank/
30 for the purchase of $65,000 4%
New York, for iy8s, at a price of
revenue, Series 1949 bonds. Dated
t{
Feb. 1, 1949.
Due on Feb. 1, as 100.17, a basis of about 1.06%.
follows: $5,000 from 1950 to 1954
Watertown, Wis.
Bond Sale
The $22,000 park
inclusive, and $8,000 from 1955 to
1959 inclusive. Optional for prior improvement bonds offered
JuneftV..,„,
redemption on Feb. 1, 1954. Pay¬ 20 were awarded to Paine, Web-*$^
were

San

—

able at the Victoria Bank & Trust

ber, Jackson & Curtis, of Chicago,

Co., Victoria. Interest F-A.

as

iy4s,

at

100.02,

price of

a

a

basis of about 1.24%.

VERMONT
WYOMING

Vt.
$27,000 refund¬
ing bonds offered June 22—v. 169,
p.
2696—were awarded to F. S.
Moseley & Co., on New York, as

price

2s,

at a

of

about

of 100.59, a basis

1.88%.

1949. Due

on

Dated

1958 inclusive. The second

bidder

was

for 2s, at

a

May

1,

Nov. 1 from 1950 to

highest

Kenneth B. Hill & Co.,

Johnson

offered

Bonds

are

schooFf;
169,

p|J|

Bosworthf|g

of

Co.,
2%s. Dated June
1956.

CANADA

Va.

Mason,

of Lynchburg,

British

publicly offering an issue of

Columbia

v.

$8,000,000^1

17—|

Ames & Co.,

inclusive; $3,000 in
1956 and 1957; $4,000 from 1953
0
1961
inclusive; $5,000 from
1962 to 1964 inclusive; $6,000 in
1965* and 1966; $7,000 from 1967
1:0
1969 inclusive, and $10,000 in

of

(Province

Debenture Sale—The

$90,000 2.70% water bonds/ Dated
April 1,. 1949. Denomination $1,000.
Due on April 1, as follows:

<

COLUMBIA

BRITISH

Publicly Offered—Scott,
&

9—v.

Denver, afc*
1, 1949. Due iiK$

&

Sullivan

1?!

$28,000

June

2368—were awarded to

VIRGINIA
Grottoes,
Horner

(P. O.

Wyo.

Buffalo),
Sale—The

Bond

bonds

Buffalo

County,
District

School

price of 100.43.

Corp.,

1952

to

1955

'

debentures offered June

3%

a

169, p. 2584—were awarded to
syndicate composed of A. E.

Dominion Securities^/®
Canadian Bank of Com¬
merce,
all of Toronto, and the
Royal Bank of Canada, of Mont¬
real, at a price of 97.27, a basis
of

about

1949.
ond

in

&

15

years.

bidder

highest

clough

Dated June

3.23%.

Due

Co.,

Royal

Corp., Montreal, and
at a price of 97.08.

15,

The sec¬

Fair-

was

Securities
Associates,

i

Due on June 1

2y2s.

purchase

exceed

the

will

Smithville, Texas
Bond Offering — The $300,000

lV
\V

Principal
and
interejf .f*
payable at the County Treasure*
office, or at the fiscal agency ciffrja

Ray,

of Trus¬

ft

bonds.

WISCONSIN

tees, will receive sealed bids until

:A\
1# *??''

District Clerk, will receive seal<
bids until 10 a.m. (PST) on Jur

Dist.,

H.

»,£.

'

Texas

Offering

York.

follows:

from

Bonds Sold—An issue of $95,000
3%% school bonds has been sold
Crossville.

to

Equitable Securities :.970.
Principal and interest (A-O)
Corp., Moroney, Beissner & Co., of
payable at the National City Bank,
Houston, and Elliott & Eubank, of New York.
Legality approved by
Waco, jointly, on a bid reflecting
Reed, Hoyt & Washburn, of New
a net interest cost of about 2.60%,
$342,000

(P. O.
Crossville), Tenn.

1:0

27,1949.

at

Chicago,

Cumberland County

as a

payable

(J-J)

WASHINGTON

TENNESSEE

1949, declared 20 £ per share

tion, payable July 11, 1949 to
stockholders of record June

of

as

Consolidated Textile Co., Inc.,
at a meeting held on June 15,

*

Series

road,

been sold to

ing bonds
June 15,1949

County (P. O. Paris),
Texas

on

April 25, were rejected.)
Veblen

Notice op Dividend No. 15

interest

place designated by the purchaser.

W

State, h
The secoi

County Sch. Dist. No.'
(P. O. Stevenson), Wash.
Bond Offering—Mabel J. Jete

$1,000 in 1950 to 1951; $2,000 from

of New York.

for

bids

1959

*

the

Skamania

'Arlington,

Lamar

all

July 1, 1949.
Due
follow: $2,200 from
inclusive, $2,500 from

inclusive; $3,000 in
1960 and
1961, and $4,000 from
1962 to 1967 inclusive.
Principal
and

to

,

Bond Sale—The

Galveston, Texas

payable to the City Treasurer, is
required.
(These are the bonds
which

bonds

169, p. 2696
to
Moroney,

about 2.47%.

Plankinton, S. Dak.
Offering

June

Beissner &

bonds

election

payable to the City
Treasurer, is required.

Bond

offered

$150,00H, street

Series

improvement,

in¬

check for $750,

%

Sale—The

Bond

multiple of

a

Dated

DIVIDEND NOTICE

to

|•

2*/4s, at a price of par.
highest bidder was Fordyce & C<
for 2V2s, at a price of 100.20.

as

Due
on
Jan.
1, as follows: $3,000 in
1950 and 1951; $1,000 in 1952; $3,-

County (P. O.
Huntsville), Tenn.

offered June 21—v. 169, p. 2583
were

1,

1950 to 1953

1954

awarded

were

Dated

Jan.

on

' ?
jV

3, M

$40,000 geneff
obligation bonds offered June *

purchase of $53,000 not to ex¬
ceed
4%
interest school house

ceed

Scott

Sale—The $140,000 bonds

County Sch. Dist. No.
(P. O. Tacoma), Wash.

Bond Sale—The

Payton,

the

Bond

Co., and Blair & Co., Inc., jointly

T.

of the Board of Trus¬

Secretary

awarded to Halsey, Stuart &

Deadwood, S. Dak.
Bond

Offering—N.

Pettus

were

Pierce

tees, will receive sealed bids un¬
til 8 p.m. (CST) on June 30 for

bonds.

(P. O. Anderson), S. C.
Bond Offering—J. B. Woodson

the rate of interest,

Bond

alley and sewer of 1948 bonds of¬
fered June 21—v. 169, p. 2367

Colman, S. Dak.

;

Sale—The $500,000 street

Bond

SOUTH DAKOTA

No. 17

of the Board of

Due on June 1

1, 1949.
The sec¬
ond highest bidder was C. H. Lit¬
tle & Co., and Associates, on a bic
Treasurer
of
Florence
reflecting a net interest cost cf
Legality
approved
by
about 2.62%.
Gibbs
&
Simons,
of

the

Bond

1956.

and

1957

(J-D)
payable at the Chase Nationa"
Bank, New York, or at the office
sive. Principal and interest

of

Due on June 1

2Y2s.

as

about

CAROLINA

Anderson County

from

15

and

1955

40,000

Cleveland, and Associates, as 2y2s,
at a price of 100.05, a basis of

Island's water systems.

SOUTH

De¬
$10,000 on

nomination $1,000. Due

City Indep. Sch. Dist.,
Texas

bonds.

30,000 as 2%s.

lVzs. Dated April 15, 1949.

as

has

Secretary

bid reflecting a ne

a

follows:

of Atlanta

of Georgia,

Co.

Trust

of

bonds

on

$50,000 $30,000 as 21/2s.
Due on June 1
school bonds has been sold to the
1953 and 1954,

Authority, Puerto Rico
Bond

improvement bonds offered June
21—v. 169, p. 2583—were award¬
ed
to
the
EqOitable Securities
interest

Carolina

South

Mirando

Monday, June 27, 19<

elec¬

refunding and

tric system revenue

Corp.,

(P. O. Lake City),

No. 47

from 1951 to

Sale—The

Bond

Bonds Sold—An issue of

PUERTO
Puerto

Counties, Lake City Sch. Diet.

1949

inclusive.

1970

Williamsburg

and

Florence

in

2.72%.

terest cost of about

Dulles
Co., both of Philadelphia, as 2s
a
price of 100.529, a basis of

Janney & Co., and Wurts,

Tenn.
$100,000

Erwin,

2.74%

about

Co., for $350,

and R. S. Dickson &

Co., Inc., Eastman, Dil-

Co.,

cost of

interest

net

account composed of Halsey,

an

Stuart &

CHRONICLE

FINANCIAL

&

COMMERCIAL

THE

(2804)

60

King County Sch. Dist. No. 410
(P. O. Seattle), Wash.
Bond
Sale—The $289,500 gen¬

SASKATCHEWAN
Saskatchewan
Debenture

(Province of)
Details — The

Sale

$3,000,000 33/4% sinking fund de¬
obligation bonds offered June bentures purchased by a syndicate
21—v. 169, p. 2584—were awarded headed by the Dominion Securities
to the State Finance Committee, Corp., of Toronto, as previously
noted
in v.
169, p. 2260, were
as 2.55s, at a price of par. Dated
eral

bids re¬ July 1, 1949. Due on July 1 from
»j UKlflfc 1952 to 1969 inclusive.

awarded at
A

a

price of 98.75,

f\A Of

a

basis
...