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$tU-^
MONDAY
ommetci'at and
lTtc(2t.
Reg.
Volume
Office
S. ,Pat.
New York, N. Y.,
Number 4189
157
U.
Price 60 Cents
Monday, June 28, 1943
*
'
BOND PROPOSALS AND NEGOTIATIONS
confidence and trust in the State
Arkansas.
of
;;
Imperial Irrigation District (P. O.
El Centro), Calif.
Sale
Bond
City News
—
The
$13,815,000
Second
semi-annually
bonds
June
21~-Vv
;157,
•
Refunding
for
offered
p.
sale
(These
offered
Curb
San
Exchange
Exchange
Van
and
Out-of-Town Listed M a rkets
Inc.,
both
ALABAMA 'r'•
V
L
•
.
f
■
,
,.*.•'•••
merce
v..
;
IDAHO
84,000 3% Series B bonds. Due
on July 1 in 1946 to 1952.
call
Jhly 1, 1953.
on
I
,
and
after
,v„
Denom.
$1,000. Dated July 1.
Cincinnati, Bosworth, Chanute,
1943. Principal and Interest (J-J)
Loughridge & Co., of Denver,
payable at the Florida National
Eastman, Dillon & Co., Bacon,
Bank, Jacksonville.
Stevenson & Cot* both of New
Lake City, Fla. York, Tyler. & Co., of Boston,
Weeden & Co., of San Francisco,
Bond Validation Pending—It is
J. M. Dain & Co., of Minneapolis, stated
by Leedy, Wheeler & Co., of
Illinois Co., of Chicago, McDougal
Orlando,
fiscal agents for the
&
Condon,- of Chicago, Peters, above city, that $66,000 4% semi¬
Writer .& Christensen, of Denver,
annual refunding bonds are now
Martin, Burns & Corbett, of Chi¬ being validated. An offer to ex¬
cago, Ellis Bishop & Co., of Pasa¬
change bonds maturing Oct. 1,
dena, Campbell, Phelps & Co., 1943, will be made to the present
Eldredge & Co., both of New York, bondholders. All bonds not so ex¬
mended to the Reocnstruction Fi¬
132.
Elworthy & Co., of San Francisco, changed on that date will be paid
nance Corporation that it interest
Glover & MacGregor, of Philadel¬
Holders of the bonds will pre¬
and new bonds will be offered for
itself in the financing of the re¬
sent them on the date named at
phia;; Wesley, Hall & Co., of San sale.
funding operation, and,
^
the
First
National
Bank : of
Diego, Park-Shaughnessy & Co.,
The new bonds will be dated
Whereas, to a large degree be¬ of St.
Paul, Piper, Jaffray & HopFlorence, where payment will be
April 1, 1943, and will mature
cause of the nationally-recognized
wood, of Minneapolis, Robinson- April
made.
'
>
1, as follows: $2,000 in 1945
stature of Secretary Jones, and his
Humphrey Co., of Atlanta, W. R. to
1947, $3,000 in 1948 to 1953, $4,proven business acumen, his rec¬
ARKANSAS
Stephens Investment Co., of Little 000 in 1954 to 1961, and $5,000 in
ommendation paved the way for
Rock, Suplee, Yeatman & Co., of 1962 and 1963.
Arkansas (State of)
the RFC to; purchase Arkansas'
Philadelphia, Thomas & Co., of
Bond
Refunding
Board
Ac¬ new Refunding Bonds at an in¬
Pittsburgh; Vercoe. & Co., of Col¬ Osceola County Special Tax School
knowledges Debt to Jesse Jones terest rate which has saved and
umbus, Harold E. Wood & Co., of Dist. No. 1 (P. O. Kissimmee), Fla.
for Help—Recognition of the part will continue to save the taxpay¬
St. Paul, Vieth, Duncan & Wood,
Bond Sale—The $134,000 3.%%
played by Secretary of Commerce ers of the State approximately of Davenport, Townsend, Dabney
semi-annually refunding bonds of¬
Jesse Jones in the refinancing of $1,000,000 annually; and,
/ v • /. •
& Tyson of Boston, M. B. Vick & fered for sale on June 22—V. 157,
the $136,000,000 Highway indebt¬
Whereas, Secretary Jones' trust Co., Cruttenden & Co., and Mul- p. 2198—were awarded to the First
edness of the State of Arkansas in Arkansas and Arkansas
people laney, Ross & Co., all of Chicago, National Bank of Kissimmee at
was
officially recorded in.-the and his appraisal of the State's at a
price of 97.965 for $8,555,000 par.; Dated June 1, 1943. Due on
records of the State; Refunding
assets, both developed and unde¬ Series A as 3V2s, maturing on Jan. July 1 in 1944 to 1960; optional on
Board at its last full meeting held
veloped, has been confirmed by 1,
1983, with various optional and after Jan. 1, 1953. ,; \
at Little Rock on June 11, 1943.
events of the past two and a half dates beginning Jan. 1,^1948 to
The only other bid received was
The resolution reads, in full, as years, not the least significant of 1967; $1,000,000 Series B as '3%s, an offer of 99.00, tendered by B. J.
which was the turning of the en¬ maturing on Jan. 1, 1983, with Van Ingen & Co., of New York.
follows: '
tire Refunding Bond issue by the earliest optional date Jan. 1, 1948,
Whereas, the original Refund¬
Plant City, Fla.
RFC to private banking concerns and $4,260,000 Series C as 3V4S,
ing Board of the State of Arkan¬
Refunding
Bond
Validation
€it .a profit to the RFC of approxi¬ maturing on Jan.
1, 1983, with
sas, created by the General As¬
earliest optional date Jan. 1, 1968. Hearing Set—A hearing has been
mately $4,000,000,
sembly of 1941, will be dissolved
scheduled for July 8 on the peti¬
Interest payable J-J.
Now, therefore, be it resolved
on June 30, 1943, and will be re¬
tion of the above city for the vali¬
placed by a board of smaller by the Refunding Board of the
Tulare County (P. O. Visalia),
dation
of
$839,000
refunding
membership
to
carry
on
the State of Arkansas, in meeting this
Calif.
bonds, it is reported.
The bonds
11th day of June, 1943, that Sec¬
operations of the Refunding Act
Offering
Of
Walnut
Grove are to be used to refund a like
retary Jones be informed by the
of 1941; and,
•;
|
amount of outstanding bonds and
board that the State of Arkansas School Bonds
Gladys Stewart,
Redemption
Bonds Voted—At a
bonds.
vof
a
'
•
of)
(State
Paid—The
Treas¬
State
reports that the $43,000 Idaho
Code Fund Treasury notes sold to
urer
Childs- of Boise, as
M. D.
Mr. R.
2y2s,—V. 157, p. 2198—were pur¬
chased at a price of'100.037, a basis
of about 2.49%.
Due on June and
15 in 1945 to 1951.
Dec.
^
_
^
_
'/'v;
„
by
the issuance of $54,building and repair
Idaho
Price
recent elec¬
approved
voters
the
school
000
120,000 3%'% Series B bonds. Due
on July 1 in 1953 to 1959.
120,000 4% Series B bonds. Due
on
July 1 in 1960 to 1963;
bonds maturing in 1963 being
:V;
Caldwell, Idaho
v
wide margin
subject to
Interest payable
1943 to 1962 incl.
1946.
:
PAST, Secretary.
R.
J-D.
tion
indispen¬ Paul, Stone & Youngberg, of San
agencies, of¬ Francisco, Thomas Kemp & Co.,
of Los Angeles, Fox, Reusch & Co.,
ficials, groups and individuals of
Notice—It is Arkansas having c ..part-m the re¬
stated
by
S. B.
Howard, City funding operation; and,
Whereas, ' at
a ' time
when
Clerk, that pursuant to the terms
of the refunding ordinance under Arkansas' financial integrity and
\vhich
said •' bonds were issued, future stability were factors to
certain bond numbers have been be considered by financial houses
the land, Secretary
drawn
by lot by the Board of throughout
Commissioners of Florence, Ala., Jones shrewdly and fairly ap¬
and the city will, on August 1, re¬ praised our State, its natural re¬
deem and retire General Refund¬ sources, its industrial possibilities
and the profound loyalty, intelli¬
ing bonds Series A, dated Feb. 1,
1937, due Feb. 1, 1957, numbered gence and moral character of its
52, 33, 36, 41, 67, 69, 75^ 121 and citizens, and thereupon recom¬
will
received until 2 p.m. on June
$ 36,000 3% Series A bonds. Due
$12,000 on July 1 in 1944 to
Jesse Jones was
Ala.
Florence,
Bond
business
aggregating $360,000:
ville, Graham, Parsons & Co., of
New York, Kalman & Co., of St.
1943
value of this Company, payable Sepcembcr
1943, to stockholders of record at the close
; :
August 20, 1943.
par
q
Pasadena Corp., of Pasa¬
dena, E. H. Rollins & Sons, of New
York, Boettcher & Co., of Denver,
Commerce Union Bank, of Nash¬
sable to the various
has
(today), by James Q. Palmer,
City Clerk, for the purchase of the
following refunding of 1943 bonds
of New
York, June 26,
New
dividend of Twenty (20) Cents per share
been declared on the capital stock without
A
28
Corp.,
(See Index Below)
Broadway
26
bids
of
Bond Offering—Sealed bids
be
Paine, Webber, Jackson & Curtis,
of Chicago, Equitable Securities
Miscellaneous
all
J.
York, Otis & Co., of Cleveland, In¬
ternational Trust Co., of Denver,
Unlisted Securities
COMPANY
originally
but
PIPE LINE
BUCKEYE
THE
is
,s
Jacksonville Beach, Fla.
.
Ingeh & Co., Stone & Webster
Blodget,
22
"
15,
& Co., Kaiser & Co., of
Francisco, Stranahan, Harris
Co.,
were
June
v
FLORIDA
1897-—were
Inc., of Toledo, Barcus,
Kindred h. Co., of Chicago, B. J.
&
bonds
:
-
.
rejected at that time.)
were
of Blyth
New York Stock
Supervisors,
,
on
on
syndicate composed
awarded to a
QUOTATIONS
York
County
the
of
Chairman
the
of
required.
payable to
bid for,
of
DIVIDEND NOTICE
5% I
check for
certified
bonds
the
Board
V CALIFORNIA
Issue
New
A
office.
of
v
,
order
■S /n This Issue
State and
Copy
<v,/;*>•?
CITY DEPARTMENT
STATE AND
Corporation News
a
ILLINOIS
■
,
Chicago, III.;
Bond Issuance Re¬
injunction order is
said to have been issued recently
Judgment
strained— An
by the Circuit Court, restraining
the Board of Education from issu¬
ing bonds to pay judgments
a
and
aggregating $13,500,000 as
interest
1929 tax
unredeemed
of
result
anticipation warrants. At the same
time
the
judge denied a manda¬
mus
suit
which creditors holding
sought to require issu¬
Of the original
warrants
ance
of
bonds.
1929
issue
all
warrants
of
but
-
v
>
,
.
during the, tenure of
the original board the State of
Arkansas
refunded bonded in¬
—
Whereas,
reacting
of the
-State's
and to
the improvement of the reputa¬
tion of the State outside its bor¬
debtedness
to
the
ders;
in a manner
lasting benefit
2,000,000 people
and,
^Whereas,
its
the
debt
of
Com¬
2,000,000 people recognize
of gratitude owed him
and -rwill"
him
one
everlastingly
of the
consider
great benefactors
of the
State; and be it further re¬
solved that Secretary Jones be re¬
assured that the people of Arkan¬
sas
%
Secretary
and
will
every
continue
to
direct
their
County Clerk, will receive sealed
until 10 a.m. on July 20 for
would mature from 1946 to 1959.
ceed
5%
School
July
1,
$800
on
incl.
GEORGIA
of $8,000 not to ex¬
Walnut Grove
Vidalia,
interest
District
1943.
bonds.
Dated
Denom. $800.
Due
July 1 from 1945 to 1954
Principal and interest (J-J)
effort toward justifying his payable at the County Treasurer's
collected
taxes
ble
that
the
$20,000
-
2V2%
funding
Brooke, Tin& Co. of Atlanta—V. 157, p.
bonds sold at par to
dall
2302—mature $1,000 on Dec.
1 in
1929
warrants
redeemed
for
held that they were
and
payable solely
out of 1929 taxes.
is
Sold—It
Bonds
Fund
stated
by John F. O'Malley, Secretary of
the
Policemen's
Annuity
and
Benefit Fund, that
bonds aggrega¬
ting $1,184,000 were sold on June
17 to various purchasers.
INDEX
Page
Quotations:
..2413
2429
Other Stock Exchanges.....
2434
Unlisted
Securities
....>...2439
Canadian Markets—Listed and
Unlisted
^..2437
Stock Exchange
New
York
New
York
Exchange
Curb
and City Department:
Proposals and Negotiations.2397
Municipal Financing During May.2401
State
rBond
General
Corp.
Dividends
& Investment
Declared and
News.2442
Payable... .2407
V
Redemption Calls and Sinking Fund
Bank
Exchange
Member
Clearings.,..2440
Rates....';.
..2441
Reserve
Statement of
Banks..........,.2441
Banks
Condition
Condition
Combined
Federal
2407
-
of
Course
Foreign
Ga.
the
against
In 1936, the Supreme Court
ruled that the Board was not lia¬
levy.
The
Maturity—The City Clerk states
redeemed from
were
Notices
bids
the purchase
$10,000,000
State¬
2441
ment
Gross
and
(March)
Net
V.
Railroad
Earnings
2404
2398
THE COMMERCIAL &
Fairfield, III.
Bonds
Leslie County (P. O.
Authorized—The
City
Council is said to have passed an
ordinance providing for the issu¬
.
of
ance
$73,000 water
funding bonds.
revenue re¬
v
000
is
re¬
Finance
Note
Officer, that $83,semi-arin.' refunding
-3%%-
Arlington, .Mass.'
State
Harry R. Lynn,
ported by
Local
It
—
CHRONICLE
MASSACHUSETTS
Hyden), Ky.
Authorized
Bonds
FINANCIAL
Sale—Town
W. Anderson
notes
Treasurer
30 days' pub¬
on
i960,
maturing in
21
and
awarded to: the Second
.were
"
will
until
received
be
7.30
p.m.
(CWT), on July 12, by T. M.
Wetzel, Secretary of the Board
Trustees, for the purchase of
$38,500 building of 1943 bonds.
Interest rate is not to exceed 2%,
payable J-J. Denom. $500. Dated
Aug. 1,1943. Due $3,500 on Jan.
1, and $4,000 on July 1, 1944; $4,000, Jan. 1 and $3,500 oh July 1,
1945 to Jan. 1, 1948, and $4,500
on July 1, 1948.
Rate of interest
of
to
be
in
of
multiples
of
1%
and not
more
be
rate shall
one
the
to
School
interest
Town,
all
on
to
the
of
to their maturities and
therefrom
at
crued
the
to
date
office
Finance
the issuance of bonds to
the
bonds
Such bank
will
be
the
Manchester
as
shall be
at
a.m.
for
an
bonds
have
all
exception
bonds
have
of
numbered
Owners
of
bonds
are
with
lo¬
exchanged,
of the
owners
Time is of the
of this
essence
tified check for
unexchanged
invited to communicate
of
$5,300, payable to
the school district, must accom¬
being held to last year's
level, the Mayor said, despite; a
drop of $20,000,000 in assessed
was
valuations
in
loss
resultant
and
tax
and
revenue
the bid.
pany
heavy
for
Sinking Fund Sales
Continue—Lieutenant Gov¬
Referendum
Near
Future-
Mayor J. C. Hamilton has stated
that
referenduiri will be called
a
the proposed
on
city
of
the
purchase by the
Mississippi
River
fridge at Vicksburg, no.w pri¬
vately owned, for an anticipated
$6,000,000 or less,
-
,
Issuance
*
of
the
city bonds is
contemplated under the plan, he
said, with the ultimate goal be¬
ing to free the bridge of tolls. The
bonds would be redeemed
by
solely
frorii the bridge.
Mayor Hamilton, City Commis¬
sioner F; M. Garvey and City At¬
torney R. M. Kelly returned re¬
cently from Chicago where they
revenues
.
with
vestment
Below-Par
Will
Purchase
conferred
Michigan (State of )
despite
the necessity of providing $1,200,000 to finance temporary, pay. in¬
bondholders, in¬
houses and bond attor¬
neys.
Declaring that the referendum
would
be
called at the earliest
meeting of the
Administrative Board in Lansing date. Mayor Hamilton expressed
folk County employees to com¬
recently, failed to carry his point confidence the bridge could be
pensate for increased living costs.
that below-par sales of municipal purchased for a price of $500,000
Note Sale—The issue of $4,000,to
bonds: held in the State
$1,000,000
below
previously
Sinking
000
notes
offered
June
24
was
fund are unnecessary, because the discussed figures.
#
Keyes at
ernor
granted all city and Suf¬
creases
awarded to the First Boston Corp.
the Chemical Bank & Trust
State has cash
and
The
a
He
hand.
on
fund- will
have
to
meet
New York City, jointly, at State bond
maturities this year
0.49% interest, plus a premium of and
next and the
municipal bonds
$29. Interest payable at maturity. do not
mature for several years.
The notes are dated June 29, 1943
Mr. Keyes said sales of the bonds
and due Nov. 5,
1943.
Halsey, would affect the credit of
the
Stuart & Co., Inc., New York,
communities which are growing
second high bidder, named a rate
more arid more solvent under in¬
of 0.50%, plus a premium of $85.
fluence of war prosperity and rec¬
ommended
Broohline, Mass.
Note
P.
enue notes were offered
21 and
National
Bank
June
of Boston,
Dated June 21,
Nov. 12, 1943.
on
on
rev¬
the
awarded to the Sec¬
were
0.36 %.
due
holding them.
Administrative Board and
the Treasurer months
ago decided
on
a
program of liquidation and
1943, and
was
runner-up
in the bidding,
loan
This
91.29, and several
would
an
interest-saving
$150,000.
It
cor¬
result
of
in
about
pointed out by city offi¬
engineers valued the
was
cials
that
bridge at approximately $7,000,000, but the physical value ap¬
.
proved
by
the
in 1936 was
Secretary of War
$6,199,516.43.
MONTANA
Gallatin
County Sch. Dist. No.
(P. O. Bozeman), Mont.
Purchasers—In
East
other small issues.
Oak Tp. Sch. Dist. No.
(P. O. Royal Oak), Mich.
—
A
$500,000
offered
awarded
Bank of
to
stated
tary
Boston, at
7
connection with
the sale of the $150,000
refunding
bonds to Edward L. Burton & Co.
of Salt Lake
City, and J. M. Dain
of
bid
best
was. an
1937
offer
Minneapolis, as 1.40s, at
price of 100.35—v. 157, p. 2304—
is now stated
by the District
Clerk
that
the
First
Security
Co., the Continental Na¬
tional; Bank, both of Salt Lake
sealed tenders City, the
Allison-Williams Co. of
certificates
and
ness,
a
it
by Edward Parkin, Secre¬
the Board of Education,
of
that he will receive
0.467%.
7
Sealed Tenders Invited — It is
/
on
the,
.
Second
of
outstanding with private
porations.
the
Royal
was
was
First National
now
& Co. of
Temporary; Loan
and
of
Detroit
bonds at 32, Inkster at 58, Lincoln
Lynn, Mass.
18
sales
Park at 82.40 to
.
temporary
members
said the city proposed to
only 3 ^ %; interest on ap¬
proximately $6,000,000 of bonds
pay
.
offering 0.38%.
June
the
specific
on
■
ton
of
rest
Board refused to change their pol¬
icy. The issue came up June 15
at
The First National Bank of Bos¬
the
The
,
Sale—Town Treasurer A.
Briggs states that $300,000
ond
above.
these
either
been
refunding
provision as the proceeds of the \ agents to secure complete infor¬
mation on the refunding plan.
bonds are required for distribu¬
tion ori that date. Said bonds are
The Refunding Agents are the
being issued for the purpose of W. C. Thornburgh Co., 18 East
Fourth
providing funds to be used in
St., Cincinnati, O., and
paying the purchase price of a Charles A. Hinsch &i Co., Inc.,
-school building heretofore occu¬ Union Trust
Bldg., Cincinnati, O.
pied by the School Town tinder
lease, and will be the direct ob¬
LOUISIANA
ligations of the School Town pay¬
1.
rate
$80,000
and
with
suc¬
August
on
o w s
county is- refunding
5x/2%
cated,
designated
cessful bidder shall make payment
for and accept delivery of the
bonds before 11:30
S h
agents
above
old
of North
by the successful bidder. The
May 1, 1949, and not exceeding
3%% thereafter until paid. A cer¬
5Vi%
funding
bonds, and that all holders of the
considered.
in the Town
Program
county are ~ advising
holders of 5V2% funding bonds,
dated Sept. 1, 1928, numbers 109,
118, 119 and 120, that through
ac¬
delivered
of
remain at last year's figure, which
is $41 per $1,000 of valuation. The
Co.,
Progress'—Refunding
of
The
portions
burgh), Ky.
the
be
past-due
above-described issue.
issue
will
Local
Harry R. Lynn,
Frankfort, on Friday, July 2,
1943, at 10 a.m. (CWT), to con¬
sider the petition of the county to
them
bid,
State
Officer
livery at the interest rate named
the
the
at
of de¬
in
of
Refunding
deducting
bonds, including
interest
the
be
bonds
premium bid, if
No bid for less than the par
any.
and
Whitley County (P. O. Williams'
the
value of said
road
5%
1, 1923,
June 1, 1925; are being ad¬
vised that a hearing will be held
determined by computing the to¬
tal
of
bridge bonds dated Jan.
the
who offers the lowest net interest
cost
uled—Holders
and
refund
named
highest
Bond Refunding Hearing Sched¬
approve
by each bidder.
The
bidder will be the one
than
Perry County (P. O. Hazard), Ky.
Bridge
Scheduled
after Npv.
on or
1, . 1950; bonds maturing in 1961,
on and after Nov. 1, 1947; bonds
National
Bank
of
Ridgeland Tp. (P. O. Thawville),
Boston,
at
; Letcher County
(P. O. Whites-.
0.37% discount.
Dated June "24, maturing in : 1962, on and after
:■iii.v^B0*M,
burg), Ky.
Nov. 1, 1945, and bonds maturing
/, Bonds Voted—At a recent elec¬
1943;
Due on Nov. 9, 1943.
Bond Call—It is stated by Mar¬
in 1963, on aiid after Nov. 1, 1944.
tion the voters are said to have
Second highest offer was a; bid
tha J. Potter,
Secretary of the
of 0.38%; by the First 'National Bonds Will bear interest at a rate
approved the issuance of $55,000
County Board of Education, that
or rates expressed in multiples of
road improvement bonds. ;
Bank of Boston.
the said Board is calling for pay¬
1/4 * of' 1%,' not exceeding '3Vi%
ment on Aug. 1, at the First Na¬
Boston, Mass.
per annum to May 1, 1945, not ex¬
v
INDIANA
tional
Bank
of
Cincinnati, 5%
1943 Tax Rate Same As 1942— ceeding 3 % per annum thereafter
Sforth Manchester Sch. Town, Ind- school funding bonds, numbered
Mayor Tobin has announced • that to Nov. 1, 1945, not exceeding
Bond Offering — Sealed bids 17 to
73, dated Feb. 1, 1938. '
% per annum thereafter to
the city's tax rate for 1943" will
authorized.
bonds have been
MISSISSIPPI
Vicksburg, Miss.
interest payment dates, on
\ and
after: the following dates: Bbnds
J,
$100,000
June'
on
interest,
lished notice, on any one or more
■
states that;
offered
were
crued
Monday/ June 28, ; 1943
of
indebted¬
Trust
Minneapolis, and Kalman
&
Co.
1937
refunding bonds, of St Paul, were associated with
0.482%, tendered by the Se¬ series
able out of unlimited ad valorem
Louisiana (State of)
A, dated Sept. 1, 1937, of the above named in the
purchase.
curity Trust Co. of Lynn.
taxes to be levied and collected
the above district, until 8
Tax Collections Higher Despite
p. m.
Second best bid was an offer of
on all the taxable
property in the ! Gasoline Situation—In the face of
Maiden, Mass.
(EWT), on July 12.
100.313 for 1.40s, submitted
by the
School Town.
The opinion of
The amount on hand in the Harris Trust
Note
Offering — J. Howard
& Savings Bank of
dwindling gasoline tax collections,
various sinking funds are as fol¬
Matson, Ross, McCord & Ice, of the other State
Chicago.
taxes, excluding Hughes, City Treasurer, will re¬
Indianapolis, will be on file on the the new sales tax, have done so ceive sealed bids until, noon lows: refunding bonds, $10,000
date of sale, and will be furnished
NEW JERSEY
well that there is a difference of (EWT) on June 30 for the pur¬ certificates of indebtedness, $5,000.
of
.
to the successful bidder at the
ex¬
of the School Town.
conditional bids will be
pense
ered.
for
Enclose
a
certified
No
only about $1,000,000 in the rev¬
enue figures for this year as com¬
consid-|: pared with last
check
$1,000, payable to the School,
Town.
Rufus V.
With the
IOWA
collections
Bond
Issue
according to
inclusion of sales
tax
of
$5,296,342.69 during
the last eight months, total State
Waterloo, Iowa
Airport
plated—City
year,
Fontenot, State Revenue
Collector.
Contem¬
tax collections
for the fiscal year
Clerk
Tenders should state certificate
chase at discount of $250,000 notes,
dated June 30, 1943 and due May
numbers; their par value, and the
amount for which they will be
5,1944.
sold
to
the
get
low
interest
rates
and
the
municipal
airport
rolling, City Council will set
to
$66,554,140.38.
ball
up a
$450,000 airport bond issue in its
1944-45 budget, work on whicn
will be a major item for Councilmen between now and
Aug. 15.
Inclusion of the bond issue in the
1944-45 budget will make it
possi¬
the Clerk declared for the
Mr.
on
June 22 and
awarded to
were
The
•
Board
tender
Robert Hawkins & Co. of Boston,
of
line
worth
to
of
between
sell
up
to
$450,000
airport bonds anytime
Aug. 15 this year and
March 30, 1945. Sale of the air¬
port
bonds
was
approved
by
voters. in a special election last
The
levy.
the
same
month
last year.
$724,881.82, far
ing
more
than mak¬
the relatively small drop in
gasoline tax yield. Also at¬
tributed to hvartime gasoline^Ra¬
up
the
tioning
are
declines of $345,789.97
in severance taxes and
fis¬
E. K. Rose states that 4% road and
bridge
the
renewal
principal
Nos.
ment
1
to
on
National
Dated
52,
bonds,
amount
are
July
15,
Bank
of
issued
of
the
$52,000,
Second
Ashland.
July 15, 1938.
Denomina¬
Due July 15, as fol¬
$10,000 in 1958 to 1961, and
$12,000 in 1962.
tion
$1,000.
lows:
St.
Landry Parish, Coulee Croche
Gravity Drainage District No. 22
in
called for pay¬
at
the; yields from income,; liquor,
beer and tobacco taxes.
(P. O. Opelousas), La.
Bond
age
Sale—The
bonds
offered
$40,000
for
drain¬
on
June
22—v. 157, p. 2099 —were
awarded to Mr. Felix M. Rives of
Shreveport,
price of
as
101.01,
2V4S, paying a
according to the
Secretary of the Board
missioners.
of
Com¬
Due in 20 years.
P.
F.
McGann
states
that
Ingham
County
(P.
O.
Mich.
Drain
Tenders
$19,800 NekoSpecial
Assessment
tion
-
offered
for
sale
bonds
sufficient
of
to
on
to
and
exhaust
available
money
should
and
July 12.
be
firm
for
•
with
Accepted—In
the
call
for
Credit
connec¬
tenders
Position
This
—
outstanding
$61,634,385
have
a
shown
city's
bon d s
marked
improve¬
ment since early this year of
ap¬
proximately $6,165,000, or about
10% in price, with a corresponds
ing improvement in the city's
credit to
on
June 15, of refunding bonds, series
without
/ Marked Improvement Reported
in
date, measured in terms
reduction in interest
of \ average
St. Clair Shores, Mich.
Bonds Sold—The
bonds
district
days.
Mason),
re¬
which, in the
Board, are most
the
amount
two
Education
additional
Offerings
MICHIGAN
yield, of about 28%, according to
a report of the
city's financial ad¬
visors, made public on June 23 by
Mayor Fran,k Hague. The Mayor
commented as follows:
A, and/or series C, and/or series
May 29, when the only
"Because of the damaging effect
bid received was rejected, were D, and interest refunding certifi¬
cates, all dated Oct. 1, 1937, due of the untenable
purchased on June 5 by the Peo¬
charges and un¬
success on
'
ples Bank of Leslie
on
as
5s, at
par.
Lake
Tp. Sch. Dist. No.
I
Oct.
1.
1967, it is reported by
June
30,
by
Claude
last
Zink,
Comptroller of the
State of New
Jersey, Jersey City
Interest
91.26.
Mc-
water
A,
general
obligation
refunding bonds to the
amount of
a
Denom. $1,000.
by
Homer
Governor
Edison
and
decided to advertise, in the lead¬
ing newspapers and financial pub¬
lications throughout the
country,
complete financial record of
its
Series
Veity, Secretary Oof the Board of
Education, for the purchase of
$265,000 coupon refunding of 1943
Dated July
May 1, as follows:
made
lowing:
(P. O.
W.
statements
fall
refunding certificates
Bond Offering—Sealed bids will to the amount of $24,562.50 for
be received until 8* p.m.
(EST), $22,415.97, an average price of
on
warranted
Matthew Carey, Refunding Agent,
that the city, purchased the fol#
Interest payable A-O.
bonds.
sale
to
for this purpose
St. Clair. Shores), Mich.
Still exceeding 1942 returns are
Boyd County (P. O. Catlettsburg),
m
Ky.
Bond Call—County Court
Judge
J-J.
$107,126.53
lubricating oil taxes for the
through May.
cal year
KENTUCKY
terest payable
ma
May sales tax collections totaled
in
November.
of
May figure was
$1,313,123.35, or $177,884.66 less
than the $1,491,008.01 collected in
ble,
Council
statement
May
collections revealed contin¬
ued decline from the retail
gaso¬
the
certificates
the
of
tenders
or
opinion
July 1 in 1944 to
incl., $2,000 annually.
In¬
1948
Fontenot's
troller
district.
$23,000 public improvement bonds
will be sold to the
City Sinking
Bond Sale—City Treasurer John serves the
right to reject any or Fund
Commission.
J. Donahue states that $10,000 De¬ all
tenders; to waive any Irregu¬
fense Loan bonds
were
offered larities in said
tenders; accept the;
Jersey City, N. J.
Somerville, Mass.
Knapp Mat¬ come to $70,703,357.16, or $4,149,- as
Is, at a price of 100.269, a basis favorable
thews is reported as
saying that ( 216.78 more than at the same time of about
0.906%.
Dated July" 1, purchase;
•in order to take
a year ago when tax
advantage of cur¬
yields totaled 1943.
Due on
rently
Elizabeth, N, J.
Pending—City Comp¬
Bond Sale
$3,000 for $2,682.22, at
price of 89.407 flat.
the
past
seven
31,
1942.
This
protect v the
taxpayers
years
was
city's
ended
Dec.
necessary
creditors
to
and
alike, the market for
C,
special
assessment Jersey
City's securities having
refunding
bonds to the been seriously disturbed.
.amount of $9,000 for $8,380, an*
"Raymond M. Greer, financial
average price of 93.111.
advisor to the city, in
conjunction
Series
D,
special
assessment with Wainwright,
Ramsey & Lan¬
street improvement bonds to the
caster, New York municipal fi¬
subject to redemption in inverse amount of $2,080 for $1,967.44, an nancial consultants,
recently sub¬
numerical order at par plus ac¬ average price of 94.588.
mitted to me a report on the im1, 1943.
Due
$10,000
in
on
1944, $15,000 in 1945
and 1946, $10,000 in 1947 to
1951,
$12,000 in ,1952, $13,000 in 1953,
and $15,000 in 1954 to 1963. Bonds
maturing in 1960 to 1963 will be
.
Series
water
brought about by the city's ad¬
vertisement published on Feb. 4,
each
June
Dougherty and Hoyt.
:
Union County, Park 4VVs. dated
Oct.
1,
1924,
maturing $1,000 Oct.
1
each
year
1964,
1967, and 1969.
...
"Because
report of the city's finan¬
The
follows:
advisors
"There has been
obtainable
interest yield
mate
Moody Rating
A
on
Approximate
1969.
Hoffman,
Bond Life
Dec. '42
5 years
J une
'43 Chge.
3.65%
3.80
15 years-__-
3.90
4.00
2.90
3.00
.10 years
:
32.9
27.6
25.6
25.0
2.45%
2.75
20 years
:
"Thus,
in
tion
interest
im¬
has
yields,
average of approxi28%
in
the
past
six
proved
1969.
mately
This
months.
improvement
1961,
year
of
that
the
sealed
receive
of
Board
bids
until
*
Block No.
Aa
1
p.m.
man.
Permanent Improve-*
March 15,
1931,
$20,000 Essex County,
ment
dated
41/4,s,
of
Opinion
March
15,
Thomson, Wood &
$20,000
maturing
April
Bloomfield
Town,
,
1965.
and
1963,
Middlesex County, School
of
Opinion
Nov.
Caldwell
year,
Moody Rating
Par Value
A
East
City,
Orange
Series
QQ,
3's,
1961 and 1969, and $10,000
1970, 1971, and 1972.
$2,000 Essex County, Hospital 41/2's,
dated
July 1, 1924, maturing $2,000 July 1,
1963.
Opinion of John C. Thomson.
Essex County, School,
dated Oct.
1,
1936,
Oct.
1961, $25,000
1962, $6,000 Oct. 1, 1963, $30,-
1,
each
1
Oct.
and
$10,000 Oct.
1,
Delafied
Hawkins,
Block No.
1966
year
and
Longfellow.
Moody Rating
Par Value
■>
Aa
7
Freehold
Borough,
41/2"s,
School,
$29,000.
County',
Monmouth
dated
$9,000
maturing
1967,
and
Opinion of
1968.
Dec.
15,
1924;
15
each
year
Dec.
1962, 1963, and $2,000 Dec. 15,
Opinion of Hawkins, Delafield
1961,
I
A
2
Tuberculosis Hospital, 4y2's,
1, 1928, maturing $62,000
1, 1961, $75,000 Dec. 1 each year
Passaic County
dated
Dec.
Dec.
and
1962
1963,
$40,000
Par Value
Aa
$14,000
Dec.
1,
1966,
Dec.
1
1965,
1967, and $7,000 Dec. 1, 1968.
of
Block No.
Moody Rating
3
Aa
Par Value
$232,000
$35,000 Union County, Park 4's, dated May
1927, maturing $5,000 May 1,
and $10,000 May
1 each year
1,
1971,
and
1973.
-
$1,000 Glen Ridge Borough, Essex County,
Water,
4>/2's,
dated
July
1,
1925,
maturing $1,000 July 1, 1965.
Opinion
of Hawkins, Delafield and Longfellow.
$3,000 Glen Ridge Borough, Essex County,
Municipal Building 4</4's, dated Aug.
1,
1930, maturing $3,000 Aug.
of
Opinion
Hawkins,
1,
1965.
Delafield
and
Lopgfellow.
$10,000 Glen Ridge Borough, Essex County,
Water 4V2's, dated Aug. 1, 1930, ma¬
.
turing
$4,000 Aug. 1 each year 1966
1967, and $2,000 Aug. 1, 1968.
Opinion
of
Hawkins,
Delafield
and
and
.:»f"- •'
Longfellow.
■
4f
$5,000
Dec. 1,
Opinion
Hawkins, Delafield and Longfellow.
$70,000
f
;:
>
.
Par Value
$334,000
Moody Rating
Block No.
Opinion
of
1969,
1970,
Reed,
Block No.
Moody Rating
0
Aa
Par Value
$117,000
v
v
Maplewood Township, Essex County, Gen¬
eral Improvement 4'a, dated June 15,
maturing $15,000 June 15, 1961,
1931,
June 15 each year 1962, 1963,
1964, 1965, and 1966, and $12,000 June
$18,000
15,
1967.
Opinion
Washburn.
Reed,
y
-
.
Hoyt
-4
and
•
•«.
Dougherty, Hoyt and Washburn.
Union County, Park 4!/4's, dated
15, 1923, maturing $1,000 May
15,
1968, $2,000 May 15 each year
1969, 1970, 1971, and 1972, and $1,000
May
15, 1973.
Opinion Reed, Hoyt
Washburn.
and
$81,000
Union
June
15,
1962
15,
1961,
and
County, Park 41/4's, dated
maturing $3,000 June
$5,000 June 15 each year
1925,
1965, $15,000 June 15,
1969,
Dated July
Harrison
•
until
received
Y.
bids will
10:30
a.m.
June 29, by Benjamin
Taylor, Town Supervisor, for
the purchase of $308,000 tax lien
(EWT),
on
I.
In¬
registered bonds.
coupon or
terest rate
is
not
to
exceed 6%,
payable J-J. Denom. $1,000. Dated
July 1, 1943. Due on July 1, as
$88,000 in 1944, $48,000
follows:
and legally
binding general obligations of the
town, all the taxable real prop¬
erty within which will be subject
to the levy of ad valorem taxes
to
bonds
said
pay
and
interest
thereon, without limitation as to
rate or amount.
Issued pursuant
to
Chapter
and
1916
105
the
of
the Laws
General
Municipal
1963,
1965.
and
15
each year
1964," and
1961,
$7,000
1962,
Oct.
15,
Opinion of Thomson, Wood and
Hoffman.
—
District Clerk K.
G. Van Sciver states that the Bank
took the case to the highest
court on an application for
an
order requiring the Syracuse
assessor, William F. Canough, to
show cause why the assessment
pany
New York
complained of should not be de¬
clared illegal.
(State of)
Fund—It is announced by Frank C.
Moore, State Comptroller, that he will receive sealed bids until 1
p. m. (EWT), on June 29, for the purchase of $6,493,587 full registered
New York State municipal bonds now held as investments in Canal
Debt Sinking Funds Nos. 9 and 12.
Offering of Bonds Held in
This move is an innovation in
New York State financing,
which
funds to purchase United States
Treasury war bonds during the September drive.
The financing, as explained by the Comptroller, will require
several intermediary steps before the funds become available for
Treasury issues. Proceeds of the sale will be utilized to meet ma¬
turities of $5,000,000 414% state canal bonds due Jan. 1, 1946.
Under normal conditions the sale of the securities held in the
sinking funds would be deferred until a reasonable time before the
dates of the maturing obligations, the Comptroller states. He is now
anxious, however, to take advantage of the high prices prevalent for
designed to place the state in
municipal bonds.
'
planned to reinvest
sinking funds in other municipal
to be purchased from the sinking funds of other issues. Such
will mature before the due dates of the $8,000,000 issues ^se¬
After sale of the sinking
;
the
fund holdings, it is
proceeds in behalf of the two
bonds
,
y
,
;
.
the sinking funds from which the
are purchased will be enabled to reinvest the
ligations, thus completing the cycle.
State and city finance experts heard about
it as an admirable one which possibly can be
In turn,
the plan and described
carried to considerable
The state holds $142,583,000 bonds in its various sinking
more than $170,000,000 in its employees' retirement funds.
issues already are United States government bonds,
lengths.
Some
but
of these
large part consists of New York City and other municipals.
of municipal bonds are in many instances at his¬
the dollar-priced bonds of cities with great to¬
of bonds outstanding, such as New York City, are unusually high.
a
Current prices
toric highs, and even
borrowed for town pur¬
against tax liens purchased
by the town, the period of prob¬
cline in market values
poses,
have
able
usefulness
years.
Principal
able at the Rye
from
Comptroller
a
Moore, it was pointed out, is insuring against a
of the two sinking funds and presumably
substantial "profit" from the
sale of the holdings.
de¬
will
Treasury
funds will, it is understood,
secured by them.
and interest pay¬
The procedure adopted by Comptroller Moore is a variant of the
National Bank of extensive selling by large insurance companies of short-term, highwith New York priced Treasury and municipal bonds, proceeds of which were re¬
of which
is
five
bonds of the
same
bonds to be
placed in the other sinking
related to the obligations
have maturities
invested
/
scanned with a
troller Moore.
'
bonds.
government investments elsewhere also are being
view to changes of the sort now announced by Comp¬
in Treasury war
State and local
<
.
The issues being
shall be tax¬
the terms of any Federal
type and character
able by
.
short-term municipals
funds in Treasury ob¬
funds and
.
offered for sale are
described as follows:
y
(Continued on page 2400)
3-3341. Herbert
Setoert,
issue) with a statistical jsjue 1»
Chronicle (Reg. U. S. Patent Office) William B. Dana Company, Publishers, 25 Spruce St., New York 7, N. Y., BEekman
William Dana Seibert, President; William D. Riggs, Business Manager.
Published twice a week [every Thursday (general news and advertising
offices: Chicago—In charge of Fred H. Gray, Western Representative, Field Building ..(Telephone State 0613). London—Edwards & Smith, 1 Drapers
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,
$26.00 per year; in Dominion of Canada, $27.50 per year. South and Central America, Spain, Mexico and Cuba, $29.50 per year;
and Africa, $31.00 per year. NOTE: On account of the fluctuations in the rates of exchange, remittances for foreign subscriptions and
The Commercial anil Financial
500,000 annually thereafter.
Station apparatus indues pri¬
vate branch exchanges and tele¬
State
$1.00.
0.74%, plus
(P. O. Mamaroneck), N. Y.
Sold
revenue
phone instruments and .equipment
from: associated with them, all on the
premises of telephone subscribers.
The New York Telephone Com¬
Mamaroneck Union Free Sch. Dist.
J
,
municipal
entered by
was
money
holders
Oct.
Essex
of
offer
an
$7,000,will be
treasuries
the next three years and $2,into
Vernon,
year
tals
prior to the delivery of the bonds
the income received by private
Montclair Town,
1
Law, as amended, for the purpose
of funding certificates
and for
$10,000
A
June
D. White & Co. of New York,
of
County, Permanent
Improvement Serial, Series No. 1, 1931',
4Ws, dated Oct. 15, 1931, maturing
Moody Rating
10
Second best bid
R.
cured by them.
will .be valid
bonds
on
date of issue.
bonds
or
in
Due
1 / 10th of 1 % and must be
the same for all of the bonds. The
V\
1945,
offered
for
Syracuse, the decision
that aproximately
additional
turned
awarded to the First
$72,000 in 1946, $40,000
in 1947, and $60,000 in 1948. Rate
of interest to be in multiples of
in
Rye, Harrison, ■
exchange or at the First National
Bank of Boston. In the event that
Block No.
0.69%.
at
is
(P. O. Harrison), N.
Bond Offering—Sealed
be
stituted in
issue of
An
—
Bank of Mount
National
1944 to 1955
Par Value
$47,000
$10,000
May
Finnerty, Village
1, 1943.
Due
Frank
to
p.
inclusive.
maturing $15,000 Oct. 1,
000
Sale
was
was
Notes
$116,000
8
1 each year
ing
and
No.
IV2S, at par, accord¬
New York, as
Clerk.
6
of John Thomson.
Opinion of John C. Thomson.
1964.
Block No.
1964.
Essex County, Park 4i/4,s, dated
June 1, 1922, maturing $1,000 June 1
1962;
Raymond.
and
Mamaroneck, N. Y.
Y.
2304—were
awarded to Mr.-.W. E. Ogilvie of
21—V., 157,
June
$1,000 from July 1,
1961.
Hoff¬
$32,000
maturing
1938,
1,
cou^
outside sta¬
equipment of the New York
means
.
000
22
$12,000 coupon
semi-annual sewer extension of
1943
bonds offered for sale
on
$26,000
1 each year 1961,
and $5,000 Nov.
1,
the bid.
pany
debtedness
-Bond Sale—The
Par Value
Nov.
payable to the town, must accom¬
$188,000 tax lien certificates of in¬
Croton-on-Hudson, N.
A
tion
opinion of Mark Q. Cristman of revenue value to numerous muni¬
Herkimer, will be furnished the cipalities in the State.
Handed down in a test case in¬
purchaser. A $300 certified check,
-
1956 incl.
in 1947 to
Moody Rating
dated
•
•
Dated
5
$7,000
1943.
York State may assess
the
New Jersey, 1310 Trenton
Trenton, New Jersey, on
100.396, a basis of about 1.15%.
July 1, 1943. Due on July 1
of
Opinion of John C. Thomson.
Carteret Borough,
Annuity
and
York, as 1.20s, paying a price
New
Block No.
County, Vocational School.
and Longfellow.
41/4,s, dated Jan.
2, 1925, maturing]"
$30,000 Jan. 2 each year 1961 and
1962, and $25,000 Jan. 2, 1963. Opinion
Block No.
Moody Rating
June
year
County',
Essex
asked to takq
to him and
at the office
registered semi-ann. re¬
funding of 1943 bonds offered for
s^le on June 18—v. 157, p. 2199—
were awarded to Coffin & Burr of
Library, 4V2*s,
dated Dec.
15,
1925,
maturing $4,000 Dec. 15, 1961, $5,000
Dec.
15,
1964,
and $2,000 Dec.
15,
Essex
each
each
15
of
or
pon
1929,
Bloomfield
Town,
Essex
County,
Building, 4y4's, dated June
$11,000
man.
$85,000
County;
15,
be
Bronxville, N. Y.
Bond' Sale—The $130,000
man.
County,
Essex
each
1965, and 1966.
Opinion
Wood and Hoffman.
23/4's,
Park 4Vis, dated
May 1, 1926, maturing $10,000 May
1,
1968,
$3,000
May
1,
1969,
and
$10,000 May 1, each year 1970, 1971,
1972,
1974,
and
1975.
Opinion
of
Thomson, Wood & Hoffman.
$118,000 Essex County, Park 4'/4's, dated
Feb. 1,
1927, maturing $9,000 Feb. 1
each year 1961 and 1962, $1,000 Feb.
1, 1964, and $9,000 Feb. 1 each year
1966,
1967,
1968,
1969,
1970,
1971,
1972,
1973,
1974,
1975,
and
1976.
Opinioh of Thomson, Wood & Hoff¬
$63,000
April
the
reserves
peals ruled at Albany on June 18
taxing authorities in New
that
and must be the same for Telephone Company, a decision'
bonds.
The approving expected
to
have considerable
1%
all
Certificate
1928, maturing $3,000 June 1, 1965;
Opinion of Thomson, Wood and Hoff¬
Par Value
#320,000
Moody Rating
:
,
15
of
The
right to
NEW YORK
1,
2
Building,
Friday, July 2,
Municipal
follows:
as
Thomson,
$3,000
on
described
are
1964,
1963,
of
dated
$10,000
maturing
will
June 30, for the purT; chase of $1,958,000 fully regis¬
tered long-term New Jersey mu¬
nicipal bonds, with the under¬
stood purpose of realizing on high
current prices and reinvesting in
Treasury bonds.
The issues being offered for sale
(EWT),
4y2's,
Sewer
John Wood,
Trustees
of
State
Trust
1961 and 1962. Opinion of Thom¬
Wood and Hoffman.'
Bloomfield Town, Essex
$40,000
3rd, Secretary of the State Teach¬
ers' Pension and Annuity Fund,
the
Fund,
j
Hoffman,
and
maturing $10,000 Sept.
1931,
Offering of Bonds Held In Fund
—It is announced by
Wood
will be awarded to
largest price and
payment therefor
Teachers'i Pension
Bloomfield Town; Essex County;
School Funding 41/i's, dated Sept. 15;
son,
Jersey (State of)
make
of
Opinion
1963.
and
1962,
Thomson,
Trustees
of
$20,000
year
New
County,
Improvement 4y4's,
dated
Sept.
15,
1931, maturing $10,000 Sept. 15 each
in
Jersey City's credit far exceeds
the improvement in the general
market for municipal bonds."
Essex
Town,
the
multiples of "_ % ■ or 1 / 10th
to be in
delivery of the bonds awarded
to
Bloomfield
$30,000
Utility Station Equipment Held
Taxable—The State Court of Ap¬
exceed
to
interest to date of payment.
reject any or all bids,
v Each
purchaser will
and $4,000 April 15,
of Thompson; Wood
Hoffman.
and
on
offering
bidder
Board
1961, 1962, 1963, 1964, 1965, 1966,
and 1968,
Opinion
marked
block of bonds
Each
the
accrued
15, 1929, maturing $6,000 April 15 each
1967,
enclosed in a sealed
the outside "PRO¬
Jerseyu and
New
envelope
the
to
and Annuity Fund, State
Interest rate is not
4%,
payable
J-D.
Denom.
$1,000.
Dated June 30,
1943.
Due $5,000 from June 30,
1944 to 1946 inch Rate of interest
istered bonds.
POSAL FOR BONDS."
Bloomfield Town, Essex County,
Building 4%'s, dated April
year
an
'
of
addressed
be
should
Proposals
t
Municipal
of
its bonds and the resulting reduc¬
for each block of
payment will be required
Teachers' Pension
June
Hoffman.
city,
of the
credit
the
the amount
the bid.
with
1 each „year
1961, 1962, 1963, 1964, 1965, 1966, and
1967.
Opinion of Thomson, .Wood and
$15,000
maturing
measured in the increased price
and
Delafield
state
should
down
No
1962,
1964.
each year 1961,
$3,000 Nov. 1,
Hawkins,
cents bid
and
dollars
in
bonds.
County,
1, 1930,
Essex
Town,
Improvment 4y2's, dated June
$52,000
and
■
Bloomfield
$105,000
'
1
Nov.
1963,
Opinion
of
Longfellow.
Each proposal
each year 1965, 1966,
and 1968, and $31,000 Dec. 15,'
Opinion of Thomson, Wood and
1967,
:
%.
and
4
15
Dec.
$45,000
City, Gloucester County, Sewer;
dated Nov. 1, 1939, maturing
3Vi'R,
$7,000
Dec. 15, 1961, $40,000
15 each year 1962, 1963, and 1964,
Dec.
A
12
'"•v-
Par Value
$24,000<
Moody Rating
Woodbury
$25,000
turing
; Revenue Bills Sold—City Comp¬
purchaser without cost. The troller
Joseph D. McGoldrick sold
prepared under the on June
24, by allotment to vari¬
supervision of the First National ous banks and trust companies in
Bank of Boston. The bonds will
the city, $33,000,000 revenue bills
be delivered on or about July 6,
to bear 0.75% interest. Dated June
at the First National Bank of Bos¬
25, 1943 and due as follows:
ton, or at the option of the pur¬
$ 2,500,000 August 2, 1943;
chaser at the New York TrulSt
500,000 September 15, 1943;
Co., New York. Enclose a certified
3,000,000, October 1, 1943;
check for $6,160, payable to the
3,500,000, December 1, 1943;
town.
'
'
"
500,000, December 15, 1943;
2,000,000, February 1, 1944;
Herkimer (P. O, Herkimer), N, Y.
1,000,000, March 15, 1944;
Bond Offering—Sealed bids will
2,000,000, May 1, 1944;
'"•)
be received until 2 p.m. (EWT),
500,000, June 15, 1944, and
on June
30, by L. Ernest Scott,
17,500,000 on June 23, 1944.
Town Supervisor, for the pur¬
New York (State of)
f
chase of $15,000 general fund reg¬
.
1930, ma¬
15,
dated Dec.
4y4's,
Water
\
Washburn.-
Town,
Union
County,
B, 4y2's, dated July 1,
1925, maturing $5,000 July
1, 1965;
Opinion Reed, Dougherty and Hoyt.
>
Town,* Essex County,
Bloomfield
$356,000
5-, 10-, 15-, and 20-year bonds as
of
December,
1942, and June,
1943.
'
Interest Yield
'Opinion of Reed, Hoyt and
Par Value
$617,000
<
.
Union County,
4V4'S, dated April
$5,000
Westfield
School, Series
Block No.
4
Town,
New York, N. Y..
the
1931, maturing $10,000 April 1, 1964.
1,
*
1, 1943.
bonds will be
Town,
Union
County,
March 1, 1934, ma¬
Public Improvement,
1965, 1966, 1967, .1968,
1969, 1970, 1971, 1972, 1973, and 1974.
Opinion of Reed, Dougherty and Hoyt.
$10,000 Union County, Park 4y2's, dated
,May 1, 1924, maturing $5,000 May 1
each year 1961 and 1962.
Opinion of
Reed, Dougherty and Hoyt.
year
Block No;
.!:
dated
4's,
Westfield
$10,000
1925, maturing $5,000 March
1,
each
1
New
and
Hoyt
Oct.
Vandewater, Sykes &
turing $5,000 March 1, 1964.
Opinion
of Hawkins, Delafield and Longfellow.
dated
Park 4VVs,
County,
Union
March
approxi¬
the
indicates
School
Reed,
'
'
Westfield
$5,000
•
$50,000
of
Opinion
1970.
and Washburn.
$2,000 Union County, Park 4VVs, dated
June 1, 1926, maturing $2,000 June 1,
1972.
Opinion of Reed, Dougherty and
.
statement
1963
opinion of
Galloway of
York, will be furnished to
The approving
lumed.
dated
5V2's,
1933, maturing $5,000 April 1,
and
1964,
and $3,000 April 1,
Washburn.
Hoyt.
marked gain
a
bidder may,
County,
Union
Town,
tax
income
April 1,
Hoyt
public confidence in Jersey
City's credit brought about by
the widespread publicity given to
the city's financial record of the
last seven years.
This can be
/traced by examining the trend of
Jersey City bond prices in the
past six months.
The following
law, the successful of Westchester, of Larchmont, was
at his election, be re¬ the successful bidder on June 8,
lieved -of his
obligations under for $200,000 tax anticipation notes
the contract to purchase the bonds at 0.50%. Dated July 1, 1943. Due
and in such case the deposit ac¬ on Feb. 1, 1944, except that $100,000 may be redeemed on or after
companying his bid will be re¬
Par Value
$82,000
'
Improvement,
General
Nov.
in
Westfield
$13,000
Union County, Park 4VVs, dated
1,
1930, maturing $10,000 Nov.
1 each year 1961 and 1970, $6,000 Nov.
1,
1971,
$10,000 Nov. 1, 1973, and
$5,000 Nov. 1, 1974.
Opinion of Reed,
$41,000
visors."
cial
Dougherty and Hoyt.
Opinion of Reed,
of the
irrefutable
progress made in this short time I
am
pleased to make, public the
■report of the city's financial ad¬
:
Aa
Town,
Union County,
dated Aug.' 15,
1927,
maturing $7,000 March 1 each year
1961,
1962; 1963,
1964, 1965, 1966,
and 1967.
Opinion of Hawkins, Dela¬
field and Longfellow.
$49,000
Westfield
School,
4%'s,
$3,000
1943.
t
15,
'
ft
1972 and 1973, and $13,000
1974.
Opinion
of Reed,
year
Moody Rating
Block No.
1971, $15,000 June 15
$10,000 June 15,
provement in the city's credit re¬
sulting from wider public knowl¬
edge of the city's financial status
2399
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4189
157
Volume
Great
Monday]•
William
Fossession^
Britain, Continental Europe Jexcept Spain), Asia, Australia
Gardens, London,. B.C. Copyright 1943 by
1879. Subscriptions in united States ana
advertisements must be made in New xorx iunas.
2400
THE COMMERCIAL
Canal Debt
Sinking Fund No. 9
Amount
'
1
Issued By—Purpose
Dated
%
$5,000 ; City of Yonkers, Local Imp*,-
3
2- 1-32
$5,000
4J/2
11- 1-25
15,000
4-
Town of Bedford, Town House
4>A
6- 1-26
3,000
1946
5.8
2- 1-32
2,000
2- 1-45-46
48-50
8,000-
4
13,000
1-47
6- 1-45
.
—
-
-
Town of Harrison, Sewer A—
414
12- 1-26
4.000
1952
12- 1-54
Town of Irondequoit, Sewer—
Village of Cuba, Sewer
Village of Garden City, Gen¬
eral Improvement
Village of Lake Placid, Street
6
4Va
10- 1-30
6,000
1,500
55-70
10- 1-45-54
7- 1-23
3,693
7- 1-45-53
7- 1-30
2,000
7- 1-51-70,
6
15,000
7
33,237
9
40,000
-0.
9
.....
13,500
Improvement
10
8,000
'
43,000
4'/4
•
v/lvft /•;'■:'
4.4
.—
Town of Elmira
No. 6
11
4- 1-34
Common S. D.
8- 1?25
/'4-
No.
,
20
4.3
12-
1-24
3,000
1-
10,000
12
64,000
of
Towns
Perry
U. F. S. D.
'
Castile
&
No.
, ,
6
4»/2
3-31-45
:
;
,
5-1-23
;
47-50
'
'
.
,
4
'
r,
11,000
12- 1-45
20,000
1
4'/a
NEW
Lot
YORK
6,000
Amount
'
S.
B.
%,
15
393,850
C. S. Various Purposes—
16
104,000
C. S.
Various Purposes——„
S.
Const,
17
164,000
16,000
B.
Corporate
45,000
of
Dated
12- 1-29.
3J/2
_•
-3%
6- 1-45
1916
89,000
C. S. Various Purposes
C. S. Various Purposes
C. S. Various Purposes
10,000
S. B. Const
4
f.jL04,000
11-
" ' 45,000
•
9-10-07
2-14-08
89,000
1-27
10,000
S. B. Various Purposes
S. B. Const, of Schools
2-15-26
100,000
—4
Corporate Stock
4
6- 8-09
10,000
30,000
5- 1-59
30,000
25,000
S. B. Various Mun. Purposes—
S. B. Const, of Schools
4
12-15-34
25,009
12-15-59
10,000
1-27
1-57
5- 1-58
5- 1-59
4
5-
8. B. Const, of Schools.—™.
4V4
2-15-26
25,000
2-15-60
C.
25,000
135,000
4»/4
1-24-11
135,000
Various
1-27
10,000
5-
1-60
10,000
Purposes
S. B. Const, of Schools
10,000
S.
B. Const,
4V4
5-
1-25
10,000
B.
Const, of Schools..
4>/4
3-
1-31
20,000
3-
C.
S.
Various
4V4
5-
7-12
713,000
58,000
S.
B.
Const,
4Vtt
12-
1-29
58,000
12-
S. B. Rapid Transit RR._
3»/4
6-
1-38
11,000
8-
1-63
C. S. Various Purposes^
4>/2
5-20-13
375,000
Purposes-
of Schools
50,000
S. B. Various Purposes
C. S. Various Purposes.^.S. B. Const, of Schools...
74,000
C.
20,000
357,000
20
10,000
-
<
5-
-
20,000
50,000
12* 1-64
6-29-15
74,000
4-19-16
268,000
4V4
1-
4y4
4'/2
S. Various Purposes.
s':'
*
;
1
1-67
7- 1-67
9
••
■
Bate
| Issued By—Purpose
City
of
*
23
City
j
4«/2
-
Site
and
Maturity
;
;
5-15-30
of
Ogdensburgh, School
5
Building
City of Tonawanda, Purchasing
125,000
Dated
Special
Appropriation
40,000
,
%
Canadaigua,
h
.
$2,500
*
5-15-46-50
-
4'A
6-
1-25
4,000
School
4'A
7-
1-24
15,000
4'/2
:
6- 1-46-55
of New York
3- 1-30
10,000
34,000
5,000
■>
,
50,000
25
Town of Somers, Highway Impr.
Town of Tonawanda, Sewer and
Boulevard
5
11-
1-25
1954
3-
Bond
V-
1-46-50
-'/v.-!'"
26
59,500
Village
ft,.;
of
T
Bronxville,
Purchase
1,000
.
11- 1-50
1951
June
1952
awarded
Land
A
4%
6-15-29
500
9,000
28
Village
12,000
6- .-55-68
1969
4.4
Improvement
-<13,000
30
10,000
14,000
Town of Ephratah Common S. D.
No. 10
5y4
10,000
paying
3,000
6- 1-46-48
1-29
3,000
1-35
Due
11- 1-46-49
Town of Hempstead U. F. S. D.
T<*wn
of
Chazy,
U.
F.
S.
D.
4
No. 3
32
;
No. 8
.
33
45/2
61,000
1-29
10,000
12
5
"
2- 1-48
11-
1-29
1,000
5- 1-46-59
4-
lr23
5,000
4- 1-46-47
5,000
10-15-50-61
•
1,000
>
25,000
Town
of Perinton
No. 9
U.
F.
S.
1962
4y2
6-
1-23
166,000
Town
of
Salina
U.
F,
S.
10,000
12- 1-46-47
5,000
35
4.2
1-
as
IV4S,
a
basis of
Dated June
1, 1943.
June 1 in 1947 to 1949.
on
Bond Sale—The
1-28
11,000
1-
coupon
basis of about 1.37%.
Dated July
Due on Jan. 1, in 1944 to
1952 inclusive.
Second best bid
1-47-48
49-50
13,000
100.107 for
was
offer of
an
'
1953
15,000
5,000
Town
of
No.
Union U
5
No.
37
38
S.
4.1
YORK
\
CITY
Issued By—Purpose
S. B.
Const,
5,000
1-27
12- 1-46
%
Dated
4V2
Various Purposes
Various Purposes
3V2
12-
35,000
C.
S.
400,000
S.
B.
1,000
C,
S.
50,000
S.
B.
Const,
of Schools
4'/4
5-
1-25
50,000
5-
of Schools..
4V4
5-
1-25
21,000
5-
1-55
Docks
&
40
21,000
S.
B.
Const,
41
188,000
C.
S.
Various
46,000
4
C.
Purposes
1903
35,000
12-15-34
Ferries—3'/2
4
11- 1-52
400,000
11-23-08
\
188,000
3-
2-09
46,000
11-
1-58
5-
1-25
88,000
C.
S.
Various
70,000
5-
1-58
4
6-
8-09
32,000
C.
5-
S.
88,000
1-59
Various
Purposes
5-
7-12
3-
5-
1-25
32,000
5-
5-20-13
20,000
3- 1-63
4>/4
11-15-28
C.
129,000
11-15-65
4V2
6-29-15
59,000
4»/4
4-19-16
102,000
C.
S. Various Purposes
32.000
S.
B.
C.
S.
129,000
59,000
All
-
S.
Const,
4V4
of Schools
Various
Purposes
C. S. Various Purposes.......
bonds
offered
legal opinion
as
for
sale
are
in
registered
originally rendered
form.
A
5- 1-59
6-
Mercer
could
such
be
issuance
of
is
war
I
have
offered
to
ended.
discussed
the
public
with the guarantee of the State of
North Dakota back of
them, at an
interest
rate
of
Maple Heights, Ohio
Sealed
Tenders
Invited—It
is
plan for municipal debt readjust¬
ment, notice is being given that
than $5,000, to-wit:
Approxi¬
mately $10,000 is available in the
Sinking Fund applicable to the
more
payment of refunding bonds dated
as of Jan.
1, 1937, and1 the city
hereby asks for sealed tenders of
such refunding bonds at a
price
not
exceeding
the
face
value
& .Curtis, both of Chi¬
Crouse, Bennett, Smith &
Co., of Detroit, Baum, Bernheirrter
Co., of Kansas City, Ball, Coons
& Co., of
Cleveland, and Seasongood & Mayer, of Cincinnati,
as
iy2s, paying a price of 100.38,
cago,
a
basis
Oct.
of
ness
v.
157,
par.
p.
Due
3%s,
as
100.33
for
was an
June
noted
1,
8:30
Davis,
sealed
p.m.
June
on
28
$125,000 public
park bonds.
Due $15,000 from
1946 to 1952 incl. and
$20,000 in
1953.
OREGON
Cascade Locks, Ore.
Bonds
offer of
IV2S, tendered
by the
Ohio Co. of
Columbus, and asso¬
is
gon
Sold—The State of Ore¬
said
to
have
purchased
$60,000 refunding bonds.
ciates.
Other bids
For
The Dalles, Ore.
were
as
follows;
Bond
V/%% Bonds
,
and
ron,
Firestone
Sale
Authorized
—
The
City Council
Blyth & Co., Hay den, Miller
& Co., and Ryan Sutherland & Co., jointly
100.33
Dime Savings Bk. Co., Ak¬
recently authorized
sale of $70,000 of
the $100,000 Water Fund
Improve¬
the
immediate
ment bonds approved at the
gen¬
eral election on Nov.
3, 1942. The
State
Park
Supreme Court
June
on
2,
upheld the validity of the bond
Savings Bank,
Akron, jointly;
__100.24 issue.
Halsey, Stuart & Co., Illinois
PENNSYLVANIA
Co., Chic., Martin, Burns
& Corbett, and
Abington Township (P. O. AhingMullaney,
Ross & Co., jointly
100.18
ton), Pa.
Trust
&
W. F. Kurtz & Co
Bonds
Bond Sale
-100.17
offered
for
The $80,000 semi¬
improvement bonds
—
annual sewer
Bexley, Ohio
sale
June
on
Sold—The
chased by the City Sinking Fund
Trustees.
Butler
County
(P.
O. Hamilton),
Ohio
Sale
Thomas
Board
H.
of
—
It
Feltz,
is
stated
Clerk
of
18—V.
1945.
June 18 to
of
101.38,
basis
a
of
about
0.70%.
Dated
July 1, 1943.
Due $20,000 on July
1 in 1945 to 1948 incl.
Mt. Lebanon Tp.
(P. O. Mt, Leba¬
non), Pa.
//
by
Bond Offering—Sealed bids will
the
(EWT),
July 12, by Robert K. Boyer,
Township Secretary, for the pur¬
chase of $320,000 coupon town¬
ship bonds. Interest rate is not to
be received until 8 p. m.
on
County Commissioners,
Braun, Bosworth & Co.
here— of Toledo, as l%s, paying a price
2305—were purchased at
on
until
L.
receive
will
for the purchase of
1.43%.
Dated
1943.
Due $57,000 from
1, 1944 to 1953 inclusive.
Bond
County (P. O. Stanton),
as
bids
Offering—R.
Clerk,
1,
follows;
sold to Mr. H. E. Mueller of
Hazen
Bond
City
about
Paid — County Auditor
that $95,313.16 special assessment
Leupp now states that the
$15,000 certificates of indebted¬ sewer bonds were awarded on
will
OKLAHOMA
Muskogee, Okla.
Jackson
Paul
of
Elyria, Ohio
Authorization Pending—
An ordinance
calling for the is¬
suance
of
$42,000 storm water
sewer bonds is said to be
under
consideration.
Bond
.
Price
1-65
4- 1-66
copy
as
N. Dak.
accompany each lot,
excepting Lot No. 22 and the New York City bonds issued
prior to
April 23, 1934. Legal transcript will accompany Lot No.
22, and may
be examined by any interested bidder
prior to the opening of bids.
as
check for 2% of bid.
1-63
4y2
Nov. 15
than par and accrued interest will
be considered. Enclose a certified
1-62
4J/4
Various Purposes
S. B. Const, of Schools.
450,000
102,000
12-10-09
32,000
450,000
20,000
the
4
';u:
exceed
on
$500 in 1945 to 1955, $300 in 1956,
and $200 in 1957. No bids for less
11- 1-58
4
4y4
according
City Auditor 157, p. 1996—were awarded to
reports that $24,550 street im¬ Schmidt, Poole & Co. of Phila¬
5%, payable provement bonds have been
delphia, as IS/at a price of 101.05,
pur¬
rate is not to
11- 1-53
S. Various Purposes
S. B. Const, of Schools.,.—
Purposes
the
"Bonds
July 2, for the purchase of $6,improvement bonds. Interest
M-N. Due
12-15-52
1,000
1903
70,000
43
000
1-53
39
42
on
Maturity
$10,000
12- 1-48
1-29
the
money that would, permit a broad
construction
program
Township Clerk, at the office of
the County Auditor, until 2 p.m,
BONDS
of Schools
DAKOTA
Tp. (P. O. Fargo), N. D.
Bond Offering—Sealed bids will
be received by Agnes M. Fowler,
*Rate
-
Amount
$10,000
7-
Barnes
1958
D.
—
NEW
Lot
56-57
18,000
P.
NORTH
54-55
16 000
for
of State bonds With
which to match Federal
highway
1.40s, tendered by R.
D. White & Co. of New York.
51-52
14,000
call
burger, Loeb & Co. of New York,
as 1.40s, at a
price of 100.134, a
1948
12,000
36
would
Second best bid
$25,500
semi-annual general bonds offered
for sale on June 22—V.
157, p.
2305—were
awarded
to
New-
D.
No. 1
York,
&
1, 1943.
D.
—
2s,
to the Village
Dated June 1, 1943. Due
from Dec. 1, 1944 to 1958.
Dakota
$14,000,000
July
1-46-58
Town of Hempstead U. F. S. D.
No.
34
4-
Cincinnati,
as
department of the American Le¬
reported by Gerald Mansell, Sec¬
gion in its/ convention June 7,
retary of the Sinking Fund Comurged adoption of a plan that
mission, that pursuant to the city's
Heights), N. Y.
1,000
10-15-32
4j/2
...
2-
—were
Bros.
price of 100.13,
a
,
No. 5
New
of
2101
p.
Salomon
Yorktown (P. O. Yorktown
Town of Eastchester U. F. S. D.
31
1-30
4-
29
6-
11-
,
4%
$16,860
or
157,
to
about 1.22%.
of
Tarrytown, Grade
Crossing Elimination
Village of Valley Stream, Pub.
23—v.
Hutzler
6-15-47
4,000
3,000
27
cou¬
registered re¬
funding bonds offered for sale on
coupon
29,000
—
on
on
—were
Clerk.
icka
Sale—The
annual
4,000
....
North
sale
awarded to the Provident
Savings
Bank & Trust Co. of
Co., of Cincinnati, William Mer& Co., of Cleveland, Com¬
merce Union
Bank, of Nashville,
C. F. Childs & Co.,
Paine, Webber,
semi¬
City.
Sloan, N. Y.
7- 1-46-53
•
24
the
John
for
2305
p..
not
to
exceed thereof.
To the extent of the
l1/2% -for early maturities and a funds
available, the city will aclittle. more, for later, maturities! cept bonds so
tendered at the low¬
They should be serialized, and be est
offering price in accordance
distinctly revenue bonds."
with said plan and Section 22935p of the Ohio General Code.
in 1947 and $675,000 in 1948. Bid¬ W&z ■
|
"
OHIO'
Tenders should be made on or
der to name one rate of
interest',
before noon July 15, and should
Akron, Ohio
expressed in multiples of % or
Bond Sale—The
$570,000 semi¬ contain a .description of the bonds
l/10th of 1%. Principal and in¬
annual refunding bonds offered by issue number and bond
num¬
terest
(J-J)
payable at paying
for sale on June 21—V.
157, p. ber, and bonds so tendered must
agent of the City of Rochester in
be ready for
New York City. Legality approved 2101—were/awarded to a syndi¬
delivery not later
cate composed of
Fox, Reusch & than 10 days thereafter.
by Reed, Hoyt, Washburn & Clay
Constructing High
''
Gov.
—
beginning
(EWT)
noon
before
lems
registered series B funding
Dated July 15, 1943.• De¬
nomination $1,000:, Due Jan. 15;
as follows: $450,000 in
1944; $465,t
000^ 1945; $590,000, 1946; $470,000
3- 1-67
443,000
,*
Advocated
offered
157,
bonds.
1-65
1-
10,000
7-12-17
(
6-
(State of)
Highway Bond Issu¬
bonds
23—v.
pon or
4- 1-66
10,000
3- 1-31
•--.*!
*
1-27
Dakota
immediately
000 not to exceed 6% interest
2-15-64
4V2
•/"
sealed bids until
3- 1-64
12- 1-29
.
July 7 for the purchase Of $2,650',-*
3- 1-63
357,000
4'/4
Amount
22
New
Rochester, N. Y.
3- 1-62
4-15-14
.
4>/2
Lot
$12,500
of
Offering—Raymond V. El¬
lis, City Comptroller, will receive
Various Municipal and N. V. City Bonds—Total Amount—$2,379,000
No.
Co.
Bond
1-62
Canal Debt Sinking Fund No. 12
21
June
on
awarded to
was
&
1-61
2-15-26
AVa
C.
10,000
443,000
-^
4J/4
1-27
S. B. Various Mun; Purposes.-
10,000
}
5-
S. Various Purposes
C. S. Various Purposes.———
C. S. Various Mun. Purposes..
268,000
and
offered
was
of New York.
1-62
11,000
375,000
4
of Schools
ment
June
Moses, discussing post-war prob¬
5- 1-61
S.
713,000
North
Post-War
issue of
An
—
9- 1-60
S.
20,000
19
Sale
Goldman,
York, at
0.5325%, plus a premium of $5.00.
Due in 1 year from date of issue.
Second highest offer was a bid
of
0.63%, plus $3.00 premium,
tendered by Harvey Fisk & Sons
2-15-58
10,000
11-
,
(P» Q, Cincinnati), O.
Bond
Sale—The
$5,250 semi¬
annual garbage building improve¬
held in Canal Debt Sinking Fund
or for all of the New York City
ance
Sachs
5- 1-57
5-
5-
now
be
Deer Park
two
indebtedness
22
5-1-57'
51,000
4J/2
4 y4
offering the
$143,490.68 tax lien certificates of
1-56
4
___
the bidder
inclusive),
Ossining, N, Y,
Certificate
11-15-54
of Schools
100.000
18
to
identical price is named by
price therefor.
Delivery will be made against payment, at the Bank of the Man¬
Company, 40 Wall Street, New York City, not later than July 1.
5- 1-54
16,000
164,000
8*12-07
:
4,/a
—_
an
1J;.. ;.v
park and playground. bonds
purchased at par by the
City Sinking Fund "Trustees.
will
Sinking Fund No. 12 (Lots Nos. 37 to 43 in¬
clusive). In the event that the price offered by
any. such "all or
none" bid exceeds the aggregate amount of the
highest bids received
11- 1-52
1906-07
4
City bonds
No. 9 (Lots Nos. 14 to 20
12- 1-50
11-15-28
1 : 4|4
Schools—
Stock
If
ifV i-vV f
-
ann.
bidders^ the Comptroller, will make the award by lot.
Bidders, however, may submit separate "all or none", bids for all
of the New York
' —Maturity
$100,000
393,850
-1904
•
be awarded
hattan
4Va
of Schools——„
Const,
lot will
j''
y
Fipance, that $10,500 2%. semi-
more
Bate
Issued By—Purpose
$100,000
51,000
1950
20,000
6- 1-26
a
for the individual lots of. New
York City bonds held by such fund,
then such bonds will awarded to the "all or
none" bidder offering
to pay the highest
BONDS
CITY
,
,
14
47-48
1949
Town of Wellsville U. F. S. D.
No.
No.
1946
12,000
13,000
,
13
by
The State
Dayton, Ohio
Bond Sale Pending—It is stated
by E. E. Hagerman, Director of
trust company in the State of New
bonds held in Canal Debt
.,
10,000
'
.
"
'
1-46
.
'
highest dollar price therefor.
4- 1-45-53
8,000
^
,
or
Each individual
j
.
.
accompanied
—
Appeals is said to
1950.
delivery will be added to the
lot will be considered. Each proposal
certified check or bank draft upon a
a
York, payable to
the order of the
"Comptroller of the State of New York," for at
least two per cent of the par value of the bonds bid
for. No interest
wilB be allowed on the
good faith check.
'"*
5
•
—
1,500
be
solvent bank
or
Town of Hempstead U. F. S .D.
:
'v :
must
100,000
5
Tax
$116,000 refunding bonds, matur¬
ing on May and Nov. 1 in 1945 to
to date of
bid price.
of
have authorized the city to issue
price will not include accrued
interest, but accrued interest
No bid for part of
Town of Greenburgh, Highway
Improvement
Board
office, State Office Building, Albany, N. Y., on Tuesday,
June 29th, 1943, at one o'clock
p. m.
•
Each proposal must state in dollars and cents
the amount offered
for each lot of bonds bid for.: The bid
2- 1-45
Town of Amherst, Sewer
2,000
3,000
<
5
15,000
5,000
2
Columbus, Ohio
Bonds Authorized
troller's
——Maturity—•—-
'
Monday, June 28, 1943
Proposals must be enclosed in sealed envelopes endorsed "Pro¬
posals for Bonds" and directed to "Frank C.
Moore, State Comp¬
troller, Albany, N. Y." Sealed proposals will be opened at the Comp¬
Various Municipal and N. Y. City Bonds—Total Amount—$4,114,587
No,
*-\
& FINANCIAL CHRONICLE
a
basis of about 1.36%.
Interest payable J-D.
exceed
ination
1943.
1944 to
be
in
6%, payable J-J
$1,000.
Dated
Due
$16,000
1963.
from
Denom¬
July
July
1,
1,
Rate of interest to
multiples of !4
of
1%
and
Volume
be
must
2401
157.. Number 4189
the
Ruling
Court
of
all of the
for
same
—
The
;
Texas
of
holders
advising
Commission to Study Municipal
Authority Agencies
do
It was re¬
—
rendered
litical subdivisions
the
among
are
to ap¬
certain
refunding
bonds
proposed to be issued by Cochran
prove
Recommendations, together with
proposed legislation to carry them
County.
out, will be submitted to the 1945
A group
Legislature.
During the recent session of the
State Legislature a Senate com¬
mittee made some study of prac¬
of
the Attorney-General
pel
tion.
tices
of Texas dealers meet¬
ing in Dallas
con¬
for
pffered
be
received
1.20s, at
semi$1,000,000,
able
sal$. on June 22—v.
follows:
$700,000 general public improvement of 1943 bonds, Series A.
Due from June 1, 1944 to
incl.
int.
1, 1944
1963 incl.
in the bidding was
offer of 100.284 for 1.20s, ten¬
Runner-up
dered
Forgan
Glore,
by
&
Co.,
and associates.
Denom.
Yankton, S.
election
recent
$55,000 not to
1958.
Prin.
68,838,139
141,812,036
None
None
5,250,000
None
None
None
$1,000.
of
son,
of St. Albans.
the
to
to
genuine¬
Bonds will be
purchaser
on
or
on
May,
Toronto, for
June 15, 1953, or on any
subsequent interest date on at
least 60 days' notice.
Prin. and
int. payable in Quebec, Montreal,
Toronto, Winnipeg or Vancouver.
Issued for the purpose of refund¬
ing a like amount of 23/2%, 3-year
bonds, dated Feb. 15, 1943.
Le¬
gality approved by Montgomery,
McMichael, 'Common,
Howard,
For
comparative purposes
months for
For the
May
Five Months
$36,473,632
$215,263,304
Year—
1943.!
being steadily reduced and the in-j
terest charges are being lowered
two
•
ways,
Twenty years ago Saskatchewan
issued and sold debentures to the
VIRGINIA
of $3,155,000 bearing
in¬
terest at the rate of five per cent
Charleston, W. Va.
kl 1
Bond Election—City Clerk H. C.
annum and payable in New
York in Canadian funds. Those
per
1935
78,274,868
535,274,577
79,788.577
404,443,913
50,067,852
466,066,804
1933..
44,790,533
1939
123,025,591
453,554,887
1932-.-.——
1938
93,150,722
364,544.089
1937_.._.
51,219,386
444,755,296
The
l'A
Arkansas
r9,768,000
27,500
100.17
1.73
8,000
101.11
2.33
District
2'A
Council Bluffs, Iowa.
1898
Cumberland, Md.
2102
■Y
County
Denton
1900
v,
-
1898
Texas
R.
2102
1702
Enid,
.1.996
Enterprise,
D. 6, Mich
Erin Twp. S.
Estelline,
>
Texas
•*
Bonds Authorized—The
Commissioners'
Court
is
said
to
given authorization for the
issuance
of
$103,217
refunding
have
the balance borrowed to
remainder of the old
debentures is reduced to 3.83%,
rate
ALBERTA
County
Alberta
on
retire
(Province of)
the
Scheduled—
Provincial Treasurer S.
E. Low is
compared with
per cent rate.'
1700
1899
former
five
bonds to replace a
in
similar amount
road and bridge warrants. The
bonds will
interest and maturity dates as did
the warrants.
,
Kerens,
Bonds Sold
r
to
have
—
;
purchased
city is said
$22,000
Dated April
4%
1, 1943.
Sch. Dist. (P. O.
Kildare ),
T exas
Bonds Sold—It is reported that
tndep.
;
$21,000
have
1943 bonds
purchased by R. S;
Co. of Dallas, as 2y2s
refunding of
been
Hudson
&
and 3s.
Dated April 20, 1943..
;
(State of)
Bond Dealers Urge Counties to
Texas
.
Cancel
Refunding Plans Because
Long-term financing by States and their local subdivisions dur¬
ing. the month of May involved the sale of issues in the aggregate
This contrasts with awards of no
$22,647,568 in the previous month, although, it should be
the figure for May includes approximately $10,000,000
principal amount of $36,473,632.
Texas
The
semi-annual sewer revenue bonds.
Kildare
Municipal Bond Sales Ir lay
bear thb same rate of
more
noted
which
than
that
accounted for
through sales by the Reconstruction Finance
Corporation of the last of its holdings of State of Arkansas refunding
bonds. Feature offering during May was made by a banking group
headed by the First Boston Corp. and Stranahan, Harris & Co., Inc.,
which offered to investors $16,848,000 Lower Colorado River Au¬
thority, Texas, revenue bonds, representing the unsold portion of a
total issue of $21,635,000.
This issue is not included in our May
total, as the banking group had acquired the bonds in February, al¬
though the retailing of the obligations was not undertaken until the
was
past month.
't '■Y-V-'
Tv
r
Y, Temporary
borrowing by States and municipalities, in May
amounted ta $31,543,338, approximately $10,000,000 of which was ac¬
counted for 'by local housing authority note awards;
'
'■r : - :
-
;yy
•
Y-:
.
,
100
1945-1963
__._1.30
Greenburgh, N. Y
2
Gregory S. D., S. D—
2-23A
Greeley, Colo.
2100
1703
rd68,000
1944-1971
rl,024,000
48,000
Iota and Long Point D.
Jefferson City S. D., Mo.i
Pa.
1700
Maiden,
88,000
100.44
1.64
100.000
100.13
1.28
1944-1951
90,000
100.33
1.96
1.145-1.963
T80.000
45,000
1943-1947
1793
Meriden, Conn.
2100
Minnesota (State of).;
1995
Montclair, N. JA
—
2100
Mountain Lakes,
1798
Newbern,
Tenn.
N. J
-
1702
New Boston,
Ohio
1702
New Boston,
Ohio..
1702
New
S. D.
'1.20
4, N. Y
1703
1995
l'A
5-3'A
l'A
Newport, R. I.
Owensboro, Ky.
Patterson Twp., Pa
Peabody, Mass.
1900
1700
—
1703
'
rl41,000
1944-1953
200.000
1951-1953
d2,700,000
2102
Rutherford, Tenn.
San
.1.996
Shelby, Ohio
Shelby Co., Texas
.
r21,000
100:01
T.99
1946-1952
22,500
100.80
1.87
19,000
100.20
1.15
170,000
101.13
1.38
100:21
M7
1944-1953
1944-1968^
W
1963
l-dl46,000
13,000
100.79
l'A
l'A
3
100.02
1960-1963
—.
6,500
.
1944-1955
1-104,009
1944-1946
67.000
100. u
rl52,000
101.18
1.62
7.500
100.32
1.96
1.944-1968
75,000
101.51
1.62
1944-1949
3,000,000
100.07
0.84
40,000
l6o~"
Too
80,000
100
30,000
1954
1944-1958
1945-1962
Toledo, Ohio
Tonawanda, N. Y
—
Trafford, Pa.
—
2102
Vale,
1902
Washington County
Waterbury,
York, Neb.
Youngstown, Ohio
1996
Youngstown, Ohio
Ore.
-
Conn.
r26 000
rl2,000
100.76
d25.000
r686 614
100.28
1944-1958
132 000
100.30
20.000
100.82
r4.500
sales
for
(77
May
100.24
-
MUNICIPAL
Rate
1704
Canada
(Dominion
of)
1704
Canada
(Dominion
of)
1.903
Canada
(Dominion
1.947-1956
8,000
k$36,473,632
..
funds obtained by
Federal Government, r Refunding bonds.
temporary loans or
FINANCING
<-
2103
Manitoba
2193
McKim
St.
St.
—
(Province of)
-
5
3
Ont..:—
Ont
Lambert
Roman
Queb
Total Canadian
1.944 •1953
1.0 000
1944 .1.953
687 000
96
3.80
1954 ■1958
483,000
92.25
3.96
45,500
99.03
:
Catholic
—
1944 ■1968
213.500
1944 •1973
—4
4
municipal bonds sold
♦Temporary financing;
♦55.000 000
rl,185 000
2
Ont.
S. D., Queb......
Pierre,
Basis
...
Two.,
...3'A
St. Colombe de Sillery, Queb...—3JA
1704
Price
*80,000.000
—
of).
1704
o
♦55,000 000
of)
(Dominion
■
MAY
Amount
"$55 000.000
♦55,000 000
(Dominion
Canada
1704
IN
Maturity
»150 000.000
Canada
Scarborough
1.41
...
1998
Twp.,
-
cov-
—---—
2193
Scarborough
ll46
100.43
rl96,000
1944-1951
of)
Twp.,
ll29
100.33
rl.94.000
municipalities
of)
1704
100.03
185 000
—
Name
Canada ^Dominion
1.45
1.55
—-—
rl4.000
issues)—
1704
1704
v
1957
Optional,
k Not including $31,543,338
States and municipalities from agencies of the
CANADIAN
T.13
100
1945-1954
——l'A
-.-Y'A
—
d
Page
100,000
1S43-1.952
1951
-
separate
81
—
2.00
r95,000
l'A
23A
—l'A
1.60
1%
23A
2'A
1.30
of)—
1900
0.95
1948-1957
1944-1958
^
Texas
2101
1.35
1.49
1.50
13A
Texas...-
(State
100
1,000,000
1960-1963
Texarkana,
ering
1.28
17.000
1949-1953
10.000
Tennessee
bond
1.23
100.07
4.000.000
1902
Total
0.99
100.07
1.144-J.959
1703
2102
100.31
"
1944-1953
2102
1798
0.87
105.000
1947-1950
3'A
Stephens County, Texas
__23A-3
Smith Co., Texas
^—2%
2102
2.73
100.69
r68.000
1944-1958
0.90
—4
3
2
Rochester, N. Y
2102
1.57
100
-13A
2
Ohio
Antonio,
::T88
100.14
r50,000
1944-1966
1
Ohio
Ridley Twp. S. D„ Pa
2102
10b:33
27.000
1948-1952
l'A
Ripley,
1702
M0
Whitestown
and
Hartford
1.99
IGOR'S
>
r35,000
.1.60
2'A-23A
1
—1.10
—l'A
1.30
4
—2
2
C
N.
2.56
100.02
2,000.000
1944-1948
•
Mebane,
-V '%
dl,550,000
1947-1T95I
1900
100
rlOO.OOO
1944-1983
1
Mamaroneck, N. Y._
.
28.000
1944-1966
(State of)
Mass,
■
1944-1962
4
Lake Arthur. La...
Louisiana
1795
100.06
y-vh' 50,000
—4
Authority,
3
Municipal
101.05
1952-1958
1944-1953
LaFeria Ind. S. D., Texas
~3.il
100" 7 9
79,000
—IV2
IV2
Jefferson Co., Texas
Latrobe
H.Z5
foo"oi
r32,295
,
D., Ia.__2
2099
1899
T.I 6
r139,823
1944-1965
—
1897
1793
the
2.00
6.800
rd82,000
...
1996
Payment
100
1944-1948
...—-—3
Fort Lauderdale, Fla._.
4
Fort Madison, Iowa
l'A
Fort Madison, Iowa
2'/2
Greece, N. Y
.^—1.70
1795
Interest
1.75
1-13,000
Texas
$50,000 2Vz% semi-ann. improve¬ 955,000 of the total amount due will
now reports that the $95,000 road
ment bonds, maturing from July be paid off in cash and $1,200,000
jbonds sold'to R. N/.Eddleman &
by a new issue of debentures
Co. of Houston, as VAs at par, as 1, .1945 to 1977, thus confirming
the report given in our issue of bearing an average interest rate
noted here—v. 157, p. 2102—are
of 3.83% to be sold on June 16.
June 21—v. 157, p. 2306.
due $19,000 on June 15 in 1944 to
Thus
the public debt of the
1948 incl. Interest payable J-D.
Province is reduced by approxi¬
Dallas County (P. O. Dallas),
mately $2,000,000 and the interest
CANADA
1.58
100
65,000
1700
1700
102.53
r89,000
1949-1953
2'A-2'/a
various
Ore
2102
1994
150,000
Okla.
Portsmouth,
Premier Patterson said that
~b:93
1954-1965
._3'A
_13A
Edgewater, N. J
El Paso County, Texas
2102
V
100.23
1949-1953
«.2
2102
Maturity—The County
d50,000
3,
No.
D.
■
$1,-
(P. O. Angleton),^Texas
Auditor
]
1.10
1944-1953
!_._13A
1,
—1%
Texas
Port Chester. N. Y
'
100
r92,000
Dallas County Road Dist. No.
1996
payable.
3.00
100
71,000
1948-1953
4
——1
2099
6,000
1946-1957
1.10
Miss
Chickasaw Co.,
Pa
came
0.90
100.21
95,000
.3
Cheyenne, Wyo.
.
1795
1.25
100.19
r!5,000
1944-1946
1
Pa...
Pa..__
Cambria Twp. S. D., Pa.
Pa
1998
100
rl50,000
-l'A
8, Texas
] Candor, N. C.__
Candor, N. C.__
1795
"II
1944-1968
2'A
Ohio
Road
County,
1.55
foT"
40,000
r2,033,000
—...
County
100.79
1962-1969
1945-1972
1%
;
of)
(State
1.50
100
r$4,178,000
—1.60
Allegany Co., Md—
1993
(State of)
1944-1953
3-3'A
3-3'A
2099
Arkansas
Basis
Price
Finance Corp.,
Philadelphia S. D.,
and be¬
613,897,001
Amount
Maturity
Rate
•
Ala.
.
Plentywood, Mont. —
Polk County Special S. D., Fla.__
debentures matured today
730,576,915
144,872,096
—
following is a list of the issues sold during May:
Name ir
Alabama Bridge
Page
439,675,147
87,334,298
1 174,998,521
1930
1898
states, that an election
will be held on July 6 to have the
voters
pass
on
the issuance of
.
1931
1898
Walker
$505,848,680
1934
1703
Road Dist. No. 8
Five Months
'
——
519.664,021
110,525.625
1940
Pa..
TEXAS
For the
May
$105,152,749
Year—
1936
300,116,021
'
'30,798,098
...
1941..
Philadelphia S. D.,
Brazoria County
five
101,548 623
1942
1898
dispatch
add the following table, showing
Month of
Month ofr
of)
Canadian
we
series of years:
a
1997
(Province
A
and
during May, 1943, were 77 and.
aggregates of long-term domestic issues for May and the
1797
—
permanent bonds
emitting
municipalities
This contrasts with 60 and 66 for April, 1943.
81, respectively.
1798
SASKATCHEWAN
amount
WEST
of
number
the number of separate issues made
2100
Forsyth & Ker ; of Montreal.
Reduced
1943; none in
1939; none in
none in May,
1941; $60,800,000 in May, 1940; none in May,
1938.
No.
—
at par on
Debt
None
96,239,161 249,201,131 276,560,399 359,981,886
♦Including temporary securities issued by N. Y. City;
May, 1942; none in May,
1997
Press
None
70,933,970
...
Cambria
Bids to
each issue.
None
>
possessions.
1900
in
separately
S.
A
Saskatchewan
Aug.
be made
U.
Total
Quebec (Province of)
Bonds Offered to Public
The bonds will
as
2,917,000
Placed in United States..
Brazoria
and
ex¬
it is reported.
wide margin,
90,000
None
Placed in Canada.
Bonds
2102
from Regina on
ness
by, and their legality will June 15 had the following to say:,
Saskatchewan's public debt is
be approved by Charles D. Wat¬
airport bonds by a very
ceed 3%
Aug. 1
on
terest will be considered.
approved the
voters
the
issuance of the
the
2,440,063
Canadian loans (permanent):
Babylon, N. Y.
Premier W. J. Pat¬
18, at the Peoples
Trust Co., of St. Albans.
who. also is Provincial
No bids terson,
for less than par and accrued in¬ Treasurer, said today.
D.
At
—
Due $5,000
authenticated
aoout
DAKOTA
Voted
Bonds
111,371,227
Beaver Rural S. D.,
payable at the First Na¬
delivered
SOUTH
157,654,408
S.)__
1899
A. E. Ames & Co. of
50,067,852 101,548,623
63,001,000 138,585,506
(U.
1702
QUEBEC
tional Bank, Boston.
be
an
Interest
Dated
in 1957 and
v
Due from June
F-A.
1, 1943.
;;
1963
Y.
bonds.
v
on
10,000 .refunding water bonds. In¬
terest rate is not tp exceed
4%, payable F-A.-" Dated Aug.
300,000 funding of 1943, Series A
to
p.m.
Aug. : 15,
1943.
Due $5,000 on Aug. 15
in 1961 to 1964 incl.
Prin*
:and int. payable at the Peo¬
ples Trust Co., St. Albans.
1.125%.
as
8:30
rate is not to exceed 3%, pay¬
<
price of 101.22, a basis
,The bonds are
a
of about
until
$20,000 refunding bonds.
p.
divided
the
general public investment. Dated
July 2, by Mayor W. B. Fisher, June
15,
1943.
Denominations
for the purchase of the following
$1,000, $500 and $100.
Due June
bonds aggregating $30,000:
15, 1955, callable as a whole only
2201—were awarded to the
Union Trust Co. of Pittsburgh, as
157,
Albans, Vt.
*•'
$
$
■
31,543,338
nomination.
y
1939
1940
"■
♦Temporary loans
$15,000,000 issue of 3% semi-an¬
nual refunding bonds is being of¬
fered by a syndicate headed by
.
Bond Offering—Sealed bids will
coupon
bonds aggregating
which matured
half-year ending
July 1, 1943, being at the rate of
$13.75, $6.88 and $1.38 respectively
for each $1,000, $500 and $100 de¬
any
,
St.
Pittsburgh, Pa.
ann.
refund
to
$
30,798,098 110,525,625
case
1, 1939, that interest will be
paid to bona fide holders of such
debentures at the rate of 2%% in
of
1941
$
$
Jan.
respect
comparison of all the various
1942
1943
the
of debentures
a
36,473,632
The Province also advises hold¬
ers
affected
VERMONT
with the addi¬
Sale—The
Bond
in the
as
furnish
we
undertaken during
was
'
accom¬
of coupons.
interest.-
sues.
tion of five House members.
.
minion Government
regardless
of
whether or not they had already
made contracts covering these is¬
conjunction with
group
certificates
following table
:YY'Y
obligations put out in May for the last five years:
The
be
the usual ownership
required by the Do¬
by
financing
';y
Permanent loans (U. S.)
1993'
effort
no
adjournment of the session,
Speaker Foss said, the Joint Gov¬
Senate
panied
City.;.
should
In the
forms of
make
at
the
Debentures
Possession
States
.■
2097
bonds
committee was left without funds
tinue its work in
of them
none
should make any efforts to secure
Due to the fact that the Senate
will
in. New York
Company
United
May.
refunding contracts on any bonds
Holders wjll be paid interest as
which might be affected by this
above on presentation of their de¬
decision
and
that
they should
benture .or 'debentures for nota¬
make every effort to
convince
tion thereon of such payment of
county officials that they should
acquiring utilities such as water¬
works, the result of which was
new legislation aimed at curbing
certain such practices and requir¬
ing approval of the State Public
Utility Commission for utility ac¬
quisitions.
Commission
June 17 reached
on
the conclusion that
municipal authorities in
ernment
was
proceeding brought by Coch¬
ran
County
against
AttorneyGeneral Gerald C. Mann to com¬
scheduled for investiga¬
subjects
Court
the
of
June 16 in a manda¬
on
mus
distribution of State funds to po¬
Bank of the Manhattan
non-optional in character.
decision
The
municipal authority agencies and
date
optional
any
always been considered
have
be
to
ing of the reorganized Joint State
Government
Commission
that
recite
not
and
ported following the recent meet¬
No
debentures
which matured July 1, 1942, that
registerable Group of the Investment Bankers
of
America,
acting the Province will pay interest to
as
to principal only and will be Association
bona fide holders of such deben¬
sold to
the highest responsible
through their Municipal Securi¬
tures at the rate of 2%% in re¬
bidder subject to approval of the ties Committee, is bringing to the
spect of the half-year ending July
proceedings by the Department of attention of investment dealers a
Internal Affairs. No bid for less recent decision of the Supreme 1, 1943, being at the rate of $11.25
for
each
$1,000
denomination.
than par and accrued interest or Court of Texas which holds that
Holders will be paid interest on
for less than all of the bonds will
county bonds issued under Chap¬
presentation of their debentures,
be accepted.
Enclose a certified ter 2, Title 22 of the Revised
for notation thereon of such pay¬
check for $6,500, payable to the Statutes of 1911 and authorized at
ment of interest, at any branch of
elections held prior to
Sept. 1,
township.
the Imperial Bank of Panada in
1925, are subject to optional re¬
the Dominion of Canada, or at the
Pennsylvania (State of)
demption even though the bonds
The bonds are
bonds.
95.000
during Mav
not included in
above total.
99.51
100
$2 917 000
r
Refunding bonds.
4.05
4.00
2402
THE COMMERCIAL & FINANCIAL CHRONICLE
have
Changes In Holdings Of Reacquired Stock
Exchange reporting changes in their holdings of reacquired
made
was
available
16.
June
on
;•
•
;
,
,
,
Shares
Shares
Previously
Air
Reduction
American
Armour
Associates
Reported
capital——
and
Leather
Co.
(Del.),
Investment
Common
Atlantic
Co.,
Hide
and
Report
23,518
23,519
Co.,
-
Co.,
7%
5%
1,860
31,969
———————
and
Gulf
West
Indies
16
Steamship Lines,
Corp.,
Atlas
Powder
Barker
Co.,
Borden
(Sidney) & Co., Inc., 7%
(The), capital—
i
Co.
Carriers
preferred
cum.
General
&
Corp.,
Cleveland
Graphite
Crucible Steel Co.
5%
cv.
cum.
of America,
5 f/c
Distillers
Limited,
Federated
cum.
Co.
Department Stores,
Flintkote
Co.
Florsheim
700
5%
pfd.
1,050
May 1,
400
1933
~~
Mead
Inc.,
115
7WU
"l5~3U
17,649
18,549
5,111
5,811
Infants'
1,030
2,890
Home
22~700
25~600
—
2,939
1,500
—
Sheaffer
Oil
Squibb
$5
Pen
(W. A.)
Sinclair
(E.
Merchants
&
Manufacturers,
United States
Leather
Co,
United
Rubber
Co.,
States
(The),
7%
1943
1943
113.2
112.2
105.3
105.3
V
113.0
112.6
112.7
112.7
112.6
108.3
108.1
108.1
108.1
108.1
»
115.7
115.5
115.5
115.5
115.5
76.4
;
—
69.2
Cotton Wash Goods
108.0
127.2
126.8
126.8
126.8
126.8
terrible
135.2
135.0
135.0
135.0
135.0
59.2
i
However, evidence that the Axis
powers
are
making
significant
preparations indicative of such an
intention is being reported with
increasing frequency from a var¬
iety of sources.
.
Brassieres
.
94.1
94.1
94.1
91.1
140.5
140.5
140.5
140.5
111.2
!•
111.2
111.2
111.2
136.1
134.5
135.3
135.5
137.5
102.8
102.7
102.7
102.7
102.7
92.5
92.4
92.4
92.4
92.4
108.1
108.1
108.1
108.1
108.1
69.6
114.7
114.8
114.8
114.8
114.8
69.2
——
Apparel
Hosiery
:
>
&
<fe
Neckwear
t
74.3
Caps
99.2
99.1
99.1
99.1
99.1
2,442
58,095
94.3
94.3
94.3
94.3
105.1
106.0
106.0
106.0
106.0
76.3
109.6
109.6
109.6
109.6
109.6
to use them.
Infant's Wear
that
(2»
(51
r
,
(6)
(7>
(8(
shares
60,000
(9)
Food
Co.,
t
transferred
in
April
to
(Hi
100 shares acquired; 712 shares retired.
Retirement.
3 shares acquired; all retired.
4,000 shares purchased and delivered to
Fruit Packers, Ltd., capital stock.
(13)
(14)
Inc.,
American
General
Automatic
&
acquire
Lt.
Corp.,
40,000
stock
of
Products
Corp.,
shares of Hawaiian
in their
Dejay
General
Gilbert
Corp.,
800
$2
Corp.,
cv.
15,656
16,856
9,005
York
pref
Merchandise Co.,
capital
5%%
Savoy Oil Co.,
1,114
2,578
9,385
A pfd
;
Inc.,
1,655
8,865
9.465
14,367
14.867
'!■' 7,288
■
125,637
1,100
:
•Utility Equities Corp., $5.50 div. pr, stock————
9,500
Corp.,
Allied Stocks,
cv. preferred—
Inc., capital—
10
9,700
May Retail Prices Decline Slightly
According To Fairchild Publications Index
price ceilings set on hosiery by the Maximum Price Schedule
339, and these decreases, although partially offset by a rise in prices
of furs, had the most influence on the composite index.
The index
at 113.0 shows a 0.2% decrease from 113.2 on May 1.
The June 1
index is also 0.2% below last year at the same time.
At tha| time
of June 15,
plained:
*
"The
month
with
eombined
the firm's announcement
.
major groups
the
94.7
94.7
94.7
93.5
93.5
93.5
110.6
110.6
Major group indexes
are
slackening
further
arith-
exception
of
all
remained
women's
unchanged
which
fur¬
from
Men's apparel
last
year,
Three of the major
the greatest shown
tion
.
neared v comple-
program
INDEXES
shows
the
of 6,200.".
PRODUCTION 'AND
OF
has increased 0.1%
over
groups
last year, and
swift
in
retaliation
kind
and
I
feel obliged now to warn the Axis
armies and the Axis peoples, iri
Europe and in Asia, that the ter¬
rible consequences of any use of
these inhumane methods
on
their
part will be brought down swiftly
upon their own heads.
'
"Any use of gas by any Axis
^
1942
-
Producers'
goods—total
——
Producers'
durable
Producers'
nondurable
Consumers'
goods——
goods.
1943
126p
124p
136p
134p
146
174
163
207
126
136
89
47
173p
:
136p
41
—
——
131
¥
112
j*.
goods—total
88
129
—
goods—total
171p
203p
;
104
203p
'
135p
88p
86p
39 p
36p
104p
.
103p
,
158
156p
I54p
117
l.17p
116p
14°p
151p
145
89
96
118
157
115
121
134
148
57
consumer
Miscellaneous services
of
1943
128
103
nondurable
to
Apr.
136
:—
durable
Nondurable
Mar.
1943
goodsgoods
goods—total
Consumers'
Consumers'
Durable
Feb.
'
69
62
83
85
75
73
89
85p
80p
160p
•
163p
Living, Bureau of Labor Statistics
(100=1935-39
Wage rates
average)
£
(100=1926 average)
—
show
a
apparel.
piece goods
.
149p
York
p
City
York
New
Preliminary.
——
City_
——
""Adjusted for seasonal variation.
s
of
to domestic
filament
rayon
consumers
con¬
high pace during May,
aggregating 41,800,000 pounds, ac¬
cording to figures compiled by the
"Rayon Organon," published by
the
Textile
Economics
Bureau,
Inc., New York, made public June
a
9.
The May total compared with
41,500,000 pounds shipped during
April and with 37,600,000 pounds
shipped during May, 1942.
For
the five months to May 31, 1943,
shipments aggregated 203,000,000
pounds as compared with 192,400,-
000
123
:
pounds
period
6%.
(100=1935-39 average)
Outside
Shipments
tinued at
114
—
___
:
yarn
121
Index of production and Trade
Production
•
TRADE*
Trend
Apr.
Primary distribution
last
women's
accord¬
treated
be
We promise to any per¬
petrators of such crimes full and
In many
100---Estimated Long Term
New
by
will
ingly.
the<£
♦Velocity of Demand Deposits
decrease
garded as having been commit¬
against the United States it¬
ted
self and
much smaller than those that
Distribution
from
effect of the decrease of rayon hose and the increase in
furs, with a decline of 0.1%.
I
May Rayon Deliveries
Continued High
Cost
apparel,
forces
of the United Nations will be re¬
Again Lower In April
tion.
armed
clear
make
power, therefore, will immediate¬
mining of anthracite and bitum¬ ly be followed by the fullest pos¬
inous coal was reduced by work sible retaliation upon munitions
stoppages, and meatpacking and centres, seaports and other mili¬
April. Mail order house sales rose flour production declined. On the tary
objectives throughout the
by
about
the
usual
seasonal other
hand,
output
6f
planes, whole extent of the territory of
amount, while sales by grocery ships, and other war material con¬ such Axis country."
j
chain stores dropped off under the tinued to mount in
The
President's
April. In addi¬
warning
to
impact of further rationing con¬ tion to the record delivery of 1 ,- Japan last year appeared in our
trols.
606,600 tons of merchant shipping, issue of June 11, page 2224.
"There was a two point reces¬ new records were also set for the
sion in the production index dur¬ delivery of naval aircraft and the
ing April, attributable to further completion of combat vessels. Air¬
rapid contraction in both resi¬ plane production was at a n^w
dential and non-residential build¬ high-of ; somewhat less than 7,000
ing,
as
the
war
construc¬ planes, exceeding the March total
ex¬
J
,
have
in
The Bank
United
the
beyond all
doubt to any of our enemies con¬
templating a resort to such des¬
perate methods that acts of this
nature committed against any one
maintained close to the April level.
by
of such
first used
Commander-in-Chief
American
to
want
ther decline of two points to 124% of estimated long-term trend.
was
and
circum¬
are
of
President
of the
'
a
our
States
110.6
weighted aggregate,
unless they
enemies,
f
"As
93.5
110.6
v.
.
computed at the Federal Reserve Bank of New York showed
prices had just started to decline and were beginning to show
the effect of the overall setting of price ceilings.
date
66.8
In April the seasonally adjusted index of production and trade
retail
Under
93.6
110.8
N. Y. Reserve Bank Index
The Fairchild Publications retail price index declined in May
for the first time in t£n\months.
Department stores have applied
the
a
129.2
146.9
66.8
no
use
the
,
—
125.537
common—
'
2,677
&
of subgroups.
129.2
146.9
66.8
V
to
have occurred in most other years
when Easter has fallen late in
—
2,140
9,073
1,530
—
Bunray Oil
Tobacco
average
129.2
146.9
95.0
81.5
._
NOTE—Composite Index is
i
> 72.5
Appliances
.
were
8,180
10,450
Mock, Judson, Voehringer Co., Inc., common
National Container Corp., common-——-New
Household
6o.i
—_
66.8
lines of industry—
steel, cotton goods, and petroleum
"Department stores and variety producing—there*
was
1 i ttle
chains reported increases in sales change in rates of
activity be¬
over
March, but. the advances tween March and April, while
815
J
Corp., common..
—
Merritt-Chapman & Scott Corp., 6(4%
Oil
——;
)
66.8
94.7
146.8
50.6
—
129.2
146.9
129.2
79.9
fV--
further states:
587
Knott
Midland
-69.4
\
—
volume of retail trade.
10,662
586
common..--,
pref
Co.,
by
;
Coverings
resort
categorically
under
weapons
influenced
1,500
10,450
Distilling
C.)
A.
106.0
The Bank explained that as in March the April index decline was
358,817
Co., common
Water Gas & Elec. Co., $3 pfd
(The
106.0
1,903
25,700
—._.
Stores, Inc., common—J———_—
Mfg. Co., A common——
County
106.0
May
13,886
Dennison
Franklin
106.0
Report
common
cv.
Petroleum
Central
105.9
stances
According tcr preliminary indications, manufacturing activity in
Per Latest
11,586
series-
common
capital—
Machine Co.,
pref—
Cooper-Bessemer Corp., $3 prior pref
Crown
80.9
Shares
358,804
div.
A opt.
cv.
Corp.,
$3
Corp.,
Ridge
103.7
Gaines
1,738
—
Birdsboro Steel Foundry &
Blue
103.7
Electrical
Previously
Reported
4
,
pref
conv.
Pw.
103-7
Exchange has issued the following list of
and class of stock
Cities
103.7
China
Shares
Investors,
103.8
Radios:
holdings of reacquired stock:
Name
74.3
Luggage
issuers of fully listed securities which have reported changes
American
114.6
and retired.
The New York Curb
Air
114.6
metic
11,600 shares acquired
(12)
outstanding
114.5
Floor
.
acquire
114.5
Furniture
;
V
|
companies.
Inc.
(10)
.
;
•
sharfes acquired; 8,795 shares issued to acquire two
140 shares acquired; all retired.
180 shares acquired and retired.
2,475 shares acquired and retired.
100 shares acquired and retired.
12,000
(4)
.
v
•
(3) ; 1,295 shares acquired and retired.
•
115.1
Shoes
66
74.0
Underwear
shares acquired; 2,443 shares retired.
"742 shares acquired; 675 shares retired.
(1)
I state
shall
we
Socks
NOTES
weapons.
try has not used them, and I hope
that we never will be compelled
94.3
70.1
Shoes
58,195
69.7
,
inhumane
and
"Use of such weapons has been
outlawed by the general opinion
of civilized mankind.
This coun¬
Men's
Clothing incl. Overalls
~2"<582
Virginia
94.5
64.9
—
Underwear
68
believe
to
;
(13)
Hats
loath
(
76.5
Shirts
have been
72.9
66.8
6,720
common————
Iron Coal and Coke Co., 5% preferred—*
Willys-Overland Motors, Inc., 6% cum. cv.
&
Underwear
41,563
poisonous
of
use
that any nation, even our present
Apparel
Shoes
24,779
the
have
enemies, could or would be will¬
ing! to loose upon mankind such
'
Comfortables—
2,988
5,808
since
there
65.0
&
111.4
38,563
time
.
143.8
140.8
25,004
$1.50 pfd.—
Inc., common——
prior pfd—.
to
began
war
contemplating
108.0
143.8
75.5
(14)
•,
fol¬
gases or other inhuman devices of
warfare.
I.
84.7
108.0
143.8
83.6
1,117,318
84.71
84.7
108.0
143.8
Corsets
1,115~260
—
84.7
108.4
Hosiery
Aprons & House Dresses—
10
112.2
143.4
1
68.6
V'"
■>
84.9
57.4
Woolens
Women's
22,743
113.0
*e
"I
:
accordingly."
statement
been reports that one or more of
the .Axis powers was seriously
105.3
113.2
Goods
Silks
Blankets
330,900
"From time
present
1943
112.2
6,270
3,826
:
113.1
4,494
35,543
i
112.2
6,022
327,900
1943
Jun 1,
105.3
71.8
—
—
May 1,
112.2
5,720
cum.
United
Apr. 1,
105.2
70.2
President's
lows:
Mar, 1,
3,698
L
—
i
—
He
and will be treated
.
1,
~~5~878
—
———
—
Apparel
Wear
Furnishings
in¬
or
"acts of this nature
committed against any one of the
United Nations will be regarded
The
113.2
other
of warfare.
gases
asserted that
INDEX
1942
69.4
the
reports
having been committed
against the United States itself
65.1
Sheets,
4,000
Co., common——
Corp., common——
& Sons, common—
R.)
preferred "A"——;
Stokely Brothers & Co., common
Transamerica
Corp.,
capital—:
Twentieth Century-Fox Film Corp.,
<
21
4,384
Corp.,
Piece
Jun
are
as
70.7
-
Apparel
Domestics
5,892
20
4,184
6% preferred—u
Real Silk Hosiery Mills, Inc., 7%
cum. preferred—:
Safeway Stores, Inc., 5% cum. preferred——
i
Schenley Distillers Corp., 5J/2% cum. preferred—
Radio-Keith-Orpheum
(12)
5,568
common
(11)
3^511
Index
Goods
Women's
2,327
2,311
(The); $5.50 cum. pfd. "B"
& Co., Ltd., Inc., cum. pfd., 4(4% seriesCylinder Gas Co., common—:
rC.
Norfolk and Western Railway Co., adj. 4% pfd
Outboard, Marine & Manufacturing Co., common
(Philip)
National
Plymouth Oil Co.,
Piece
Men's
(10)
capital-
Corp.
Morris
Composite
(81
(9)
common
Corp.,
PRICE
Copyright 1943 Fairchild News Service
15
=
poisonous
This is due to the pricing
RETAIL
statement,
there
humane devices
It must
3, 1931=100
14,930
—-
Garden
Prices will continue to show little
PUBLICATIONS
JAN.
325
Gaylprd Container Corp., 5V* % ■ cum. cv. preferred—
Foods Corp., common
Gillette Safety Razor Co., $5 cv. pref.__
Gimbel Brothers, $6 cum. preferred
Hat Corp, of America, first % preferred——
Certificates,
FAIRCHILD
"14,480
series-
pfd.—
cv.
General
Square
THE
(7.)
-
said
that the Axis is making "signifi¬
cant preparations" for the use of
staple items by OPA regulations."
""IJ76O
cum.
Inc., 4(4%
(The), $4.50 cum. preferred
(TheI, class A common
Insuranshares
many
munitions centers,
other
formal
a
President
future, according to A. W. Zelomek,
near
it normally would be.
as
policies established for
and
military ob¬
jectives throughout the whole ex¬
tent of the territory of such Axis
country,"
just preceding the out¬
the allowance of individual
or
900
'
Shoe Co.
Madison
in the
upon
seaports
emphasized, however, that quality deterioration is not reflected
6,859
„
preferred
cv.
taliation'
In
(6)
common
Edison
of poisonous gases will be fol¬
lowed "by the fullest
possible re¬
use
recorded by the index have been due
price ceilings,
new
movement
in the index
(5)
~6~299
5% series
cv. preferred
Corp.-Seagrams,
Stores
Detroit
setting of
no
be
1,276
287
pfd
cum.
President Roosevelt warned the
Axis powers on June 8 that any
over
certain
a
economist under whose supervision the index is compiled.
~53,259
~i~348
—
pfd.
Corp., 5%
(The),
Davega
11,294
49,754
preferred
Co.,
Bronze
Steel Co.,
Copperweld
In comparison with the 1939 period
"The slight movements
or
300
,
7%
§ On Use Of Poison Gas
increase of 1.5%, all
shown by furs, and the largest decline by women's
adjustments of the ceiling prices.
7,368
common
Case (J. I.) Co., common
^Century Ribbon Mills, Inc.,
an
The largest increase
Men's clothing also showed a slight increase over last year,
to the
60
—-
,
and furs
President Warns Axis
exception';of women's
0.9%, reflecting Price Regulation No. 177 which allowed
(1)
pfd
cum.
the
piece
the least.
947
—
common
5'/2%
Bros.,
Blumenthal
49
7,367
11,227
common——
hose.
1,000
pfd.~
5%
942
Atlas
with
period,
pre-war
wear
break of war, furs advanced the most and women's shoes the least.
35,471
preferred-..———
cum.
commodities
hose showing a decline of 3.2%
3,340
2,393
——
1939
remained unchanged during the month.
coats.
2,860
2,633
preferred—
6%
preferred
the
percentage markup in determining the ceiling prices of men's outer
Per Latest
Company and Class of Stock-
•
Over
same.
individual
last year was
Following is the tabulation
issued by the Stock Exchange:
"The
,i
The monthly compilation of companies listed on the New York
stock
the
goods show the greatest increase and infants'
N. Y. Stock And Curb Listed Firms
Stock
remained
Monday, June 28, 1943
The
last
in
the
year,
corresponding
increase of
an
announcement
further
plained:
"Rayon
ex¬
°
staple
fiber
deliveries
'
to domestic consumers
aggregated
12,900,000 pounds during May,
1943, as against 13,300,000 pounds
v
65,400,000 pounds as com¬
pared
with
62,100,000
pounds
shipped in the corresponding pe¬
riod last year, an increase of 5%.
gated
filament yarn
totalled
in the hands of producers
6,700,000 pounds on May 31, 1943,
compared with 6,600,000 pounds
held on April 30, and with 6,900,-
Outstanding On
May 29 Increased To $135,815,000
totaled
$135,815,000,
an
seed
COTTONSEED
;
Alabama
,
DOLLAR
BANKERS'
1
$25,187,000
$22,714,000
77,048,000
l.
9,577,000
1,787,000
2,631,000
393
271,168
7,878
218,876
239,090
205,344
120,589
203,810
122,043
1,481
1,554
Tennessee—.-..^
381,954
395,797
377,431
387,195
13,710
29,270
1,011,280
144,904
952,981
1,016,467
945,666
27,768
34,509
139,629
133,171
140,662
7,792
2,075
1,330,000
4,641,000
St.
722,000
550,000
tons
9
Minneapolis 1
Kansas City
179,000
for
President
Address to the graduating class of
the Connecticut College for Wo¬
on
men
third
a
expressed the be¬
prevention of a
world war "much will de¬
June 6,
that
lief
pend
in
the
youth immediately
war."
German
e
this
■I
after
class which numbered
imports
Exports
Domestic
man
Dollar exchange
,
hands of
generals, monarchist
Thus
prepared for Hitler
and Goebbels to return German
education to the teaching of ra¬
cial superiority, war and death.'
Mr. Wallace declared that Ger¬
the way was
post-war youth of the Sec¬
ond
World War need not be
forced to embrace either commun¬
of totalitarianism,
the particular type of de¬
mocracy
which •• exists
in the
ism, a new type
or even
■
United States.
not need to send
schoolteachers - from the United
States into the German schools,
"We
Own
shall
make sure
Ger¬
many has an opportunity to re¬
place the Nazi school books and
the Nazi methods of teaching."
Further,
he maintained that
that the
"German
'
peaceful, worth¬
in life.
Bills
believe
are
safely be
The Vice
entrusted.'
would play a
large part in the building of a
world of law and order and pro¬
ductive work after the war.
"All the schools of the world
will have to be reborn after this
great conflict if the boys who
have died are not to have died in
vain.
Many of the teachers will
Of course continue to be women.
"
building of character and
communication of enthusiasm
women
throughout history have
In the
the
demonstrated a unique
•
1,128,000
13,329,000
Total—-$104,658,000
month—___$5,179,000
for
Dealers' Buying Rates
V2
V2
90
V2
120
JUNE 16,
1943
capacity,
Aug. 1
*34,460
29,708
1,200,474
1942-43
t310,191
f. 1941-42
294,005
11,211,617
1,067,854
)
1942-43
190,100
1,924,270
2,078,112
36,258
1941-42
164,444
1,681,702
1,559,208
286,930
I 1942-43
44,118
1,069,753
22,223
-f 1941-42
151,439
1,047,858
955,475
1,006,493
100,421
§1,305,727
1,101,760
§247,262
1,135,805
1,192,991
65,960
32,473
1,191
oil
f
(tons)
J
Hulls-
(tons)
t.
1942-43
'
180
iff
31
:
188,350,000
July
31
209,899,000
Aug.
31
181,813,000
Aug.
30
:L_ 197,472,000
Aug.
Sept.
30
30—___
176,801,000
31
176,614,000
186,786,000
Sept.
Oct.
Oct.
31
184,806,000
196,683,000
Nov.
29
193,590,000
Nov.
208,659,000
Dec.
31
194;220,000
Dec.
—
—
__
July
156,302,000
Sept.
31
30—
139,304,000
123,494,000
Oct.
31
118,581,000
31
Feb.
28—_
211,865.000
Feb.
31___—1_$197,278,000
28
L_ 190,010.000
Mar.
31
217.312,000
Mar.
31__—182.675,000
Apr.
May
Jan.
Apr.
30
May
31-
—
219,561,000
215,005,000
,
30
5,080,000
5,066,000 pounds held by refiners, brokers, agents, and
than refineries and manufacturing establishments and
and
places other
at
pounds in transit to manufacturers of shortening, soap,
1942 and May 31, 1943 respectively.
Does not include winterized oil.
1,
1,299,775,000 pounds of crude
oil.
,
linters
produced
includes
24,007 bales
•
Jan.
Feb.
In the interest of national defense, the Department
further
until
discontinued
has
notice
the publication
Statutory Debt Limitation As 0f May 31,1843
$119,682,00,0
27
127,062,000
Mar. 31
129,818.000
30——ii. 177,293.000
128,350,000
29-;i__-__*\ 173,906,000
May
.135,815,000
29
The
Treasury Department
made public on June 4 its monthly'
showing the face amount of public debt obligations issued
Second Liberty Bond Act (as amended) outstanding on
report
the
May 31, 1943, totaled $139,514,598,915, thus leaving the
of
The Federal Reserve Bank of;New York announced on June 19
in the.Second (New York) Fed¬
a year ago.
The combined
the report, the Treasury
indicates that from the total face amount of
$4,752,319,083 (the unearned discount on savings bonds), re¬
ducing the total to $134,762,279,832, but to this figure should be added
subject to the statutory limitation).
outstanding but not
$1,150,300,799 (the other public debt obligations
sales for January
5% higher than in the same.period
Stocks of merchandise on hand in department stores at the
33% below May, 1942.
standing
end of May were
in the New York Reserve District reported
17% below last year.
were
STORE
TRADE
BY
of May 31, 1943 was $135,912,580,631.
Section 21
the Treasury's report for May 31:
of the Second Liberty
vided that the face amount of
„
MAJOR
that
LOCALITIES,
MAY,
This, the total gross debt out¬
o
The following is the bank's tabulation:
DEPARTMENT
as
The following is
gain of 30% in net sales in May. Their stocks on hand at the close ol
the month
Bond Act,
any one
The
time."
Net Sales
Jan. thru
.
."
New
Department Stores—
York City—
New
•Newark
Jersey—:
———
Fairfield
and
+
—
+
L~
.
Central New York State
Syracuse
♦Northern
York
New
.Elmira
•Western'New
Buffalo
York
State
——
•Niagara
Falls
.
20,754,588,000
(Maturity val.)
10,852,931,000
bills
2
8
+
;
6
+ 14
+
17
r- •
+ 20
+10
—
—
.
Matured
no
58,440,400
obligations, on which interest has ceased--
Bearing
—13
(U.
interest
224,771,084
S. Savings stamps)
139,514,598,915
2
10
-24
+ 11
-20
+
+ 34
-
Face amount of
obligations issuable under above
$70,485,401,085
authority
6
+
7
-32
+ 12
——
______—_______—,
1942
indebtedness
$139,231,387,431
11
•
of
55,072,410,500
+
L
•Subject to possible revision.
1 ;V. !<
25 shopping days, 1943 (5 Saturdays)
shopping days,
Treasury
+
___________
department stores
$23,464,891,500
—33
0
—
—.
.
9
+
+15
j.
Apparel, stores
-28
+ 19
—
—_;
201,646,250
722,826,706
+ 16
—
Rochester
+ 10
Certificates
:—
:
25,259,702,375
$84,158,976,931
Treasury
—_L_—__.
"_,J
—
notes
-13
+ 14
—
__
—L
(Maturity value)
Depository
Adjusted service
-8
5
+
..+ 14
State
'■
;
$57,974,801,600
Treasury
•Savings
+ 16
j.
—l
;
Binghamton
Bonds—
—12
+
—
—
——
Southern New York State——
25
-17
5
—:
;
Mohawk River Valley
Utica——
Interest-bearing:
-29
.+
Albany
$210,000,000,000
at any one time__
amount that may be outstanding
Outstanding as of May 31, 1943:
1
+
—
Schenectady
limitation:
Total face
-25
+
___;
still be issued under this
-40
5
0
+
Upper Hudson River Valley
•All
1
—
—
—
-39
3
—
!
Lower Hudson River Valley.
hand,
-36
3
—
:
______J
on
May 31, 1943
7
—
.
Counties
Bridgeport
Stock
May
+
+
>.
._—
_.
Westchester
May
+ 13
,
+
5
-33
+30
+ 19
-17
RECONCILEMENT WITH DAILY STATEMENT OF
MAY 31. 1943
Total face amount of
outstanding public debt obligations issued
authority of the Second Liberty Bond
unearned
discount on
Savings
•
Deduct
current redemption value
(4 Saturdays)
THE UNITED STATES TREASURY
under
Bonds
to come it will be„
the
to
teach
of
character, the essential thing will
be the ability of the teacher to
kindle enthusiasm — enthusiasm
for knowledge, but especially en¬
thusiasm for the greater good.
even
more
important
INDEXES
OF DEPARTMENT
(difference
between
4,752,319,083
and maturity value)—!
Add
Second Federal Reserve District
for
teach character than
facts.
In the teaching
[1923r25 average
schools to
$134,762,279,832
AND STOCKS
STORE SALES
=
other
not
100]
public
•+—-1943
—
Matured
-
debt obligations
outstanding
but
limitation:
etc.)
which interest has ceased
subject to the statutory
Interest-bearing
1942
(pre-war,
obligations on
Mar.
Sales (average, daily),
Sales
unadjusted—
(average daily), seasonally adjusted—
Stocks,
Stocks,
unadjusted
seasonally adjusted
•Revised.
104
99
127
*106
160
*159
>
*107' :
106
0 «Apr.
May
8,122,490
1,150,300,799
116
•115
99
Bearing no interest—.
109
117
100
$195,960,420
946,217,889
'
May
i
$139,514,598,915
Act
declared.
"In the years
outstand-'
of obligations out¬
following table shows the face amount
standing and the face amount which can
earlier
amended, pro¬
»
Percentage changes from a
year
as
obligations issued under authority of
Act, "shall not exceed in the aggregate $210,000,000,000
ing at
1943
Second Federal Reserve District
i
should be de¬
outstanding public debt obligations ($139,514,598,915)
ducted
eral Reserve District increased 12%. above
are
face amount
obligations which may be issudd, subject to the new $210,000,000,limitation at $70,485,401,035. In another table in
000 statutory debt
Federal Reserve District 12% Above Year Ago
through May
of statistics
concerning imports and exports.
118,039,000
30
Apr. 30.;
that May sales of department stores
of Commerce
-
May Department Store Sales In New York
The apparel stores
.
first cut, 115,603 bales second cut
and 1,166,117 bales mill run.
Total held includes 12,345 bales first cut, 22,197 bales
second cut and 212,720 bales mill run.
\..:Y':>J \
Vjy 'V
under
last year.
etc.,
116,067.000
31
1943—
Jan.
—
25,188
3,620,000
{Produced from
$162,849,000
31—j.
1942—
—$212,777,000
33,290
and
Exports and Imports of Cottonseed Products
June 30
i.-$212,932,000
July
30
52,295
pounds held by refining and manufacturing
pounds in transit to refiners and con¬
1943 respectively.
44,014,000
and
1942—
1941—
June 30
—..$206,149,000
31-
6,183
1941-42
2,118,000
Aug.
table, compiled by us, furnishes a record of the
acceptances outstanding at the close of each
1941—
and
624
1,389,000 and 2,022,000
'
June 29
NOV.
21,905
24,484,000
month since June 29, 1940:
Dec,
62,226
warehousemen
bankers'
1940—
60,487
V2
%
of
28,951
is
il
/a
The following
1,834
23,644
1, 1942 and May 31,
Aug.
394,533
1942-43
Grabbots, motes, &c.|
(500-lb. bales).
J
tlncludes
"
81,830
t266,557
31,511
30,161
iV
150
volume
229
1,341,199
1,195,124
1941-42
Hull fiber
sumers
123,154
1942-43
bales)
43,295
1941-42
Linters
A
.
'
_
Cake and meal
establishments
Dealers' Selling Rates
}
1 to May 31
1,350,127
On hand
May 31
"65,880
1941-42
\
(500-lb. bales)
Others—-$39,559,000
Bills of
'
ShlDped out
Aug. 1 to May 31
1942-43
oil
(running
Poughkeepsie
President said he be¬
lieved that women
he
$65,099,000
"Northern
there are Germans
steeped in the German
liberal tradition to whom this job
can
317,000
10,562,000
youth must be encour¬
while purpose
"I
279,000
11,6,51,000
—
foreign countries
Days
liberal element in
aged to develop a
who
11,886,000
30,714,000
CURRENT MARKET RATES ON PRIME BANKERS ACCEPTANCES
said, "but we can
he
13,178,000
24,837.000
.
23,687,000
*
BILLS HELD BY ACCEPTING BANKS
man
;
credits
goods stored in or shipped
between
mistakes
professors, and politicians.
I
shipments
60
in demo¬
And so the Ger¬
youth fell into the
retired army
Crude
X
SHIPPED OUT, AND ON HAND
Produced Aug.
On hand
§Total
education
for
15,800,000
30
repeated,
Vice President Wallace said: "The
Allied powers had no interest in
the
glorious hopes among the
German university youth of that
day.
The Allies provided no in¬
cratic traditions.
8,632,000
May 29, *42
Does
Season
•Includes
World War must not be
centive
$101,049,000
respectively.
MANUFACTURED,
PRODUCTS
(thousand pounds)
$70,824,000
8,497,00013,164-,000
Domestic warehouse
Based on
CREDIT
OF
1 nor 56,245 and 61 305
include'9,897 tons destroyed
130,529 tons on hand Aug.
1942
1943;
(thousand pounds)
April 30, '43
:
Increase
Allies after the First
made by the
$173,906,000
$128,350,000
NATURE
and
and
11,353,000
May 29, '43
$78,537,000'
—:
Regarding the Vice President's
talk, a special dispatch to the New
York
"Times" from New Lon¬
'
1943
for
COTTONSEED
2,189,000
Decrease for year—___.$38,091,000
TO
—;
133.
don, Conn., stated:
Declaring
that the
___
include 81,928
reshipped
Refined
member
a
States
'Does not
Item—
Wallace's daughter Jean
of the graduating
Mr.
was
the
just how we handle
on
'
10,454,000
$135,815,000
!_$7,465,000
ACCORDING
Wallace, in an
712",000
•
10,306,000
Dependent On This
Vice
204,000
Texas ; ■
All other
_
686,000
9,509
1,146
230,113
South Carolina
2,661,000
140,000
19,721
6,689
2,773
2,421,000
month
266,378
216,070
2,458,000
___
337,457
214,212
4,679,000
Increase for
267,183
20,801
1,838,000
Grand Total
7,069
515
3,982,000
689,000
Wallace Says Future Peace
23,221
37,362
Chicago
12 San Francisco
157,920
85,482
8
Won After The War
136,215
544,041
Atlanta
10
158,494-
165,415
Richmond
11 Dallas
391
37,608
710,539
270,052
222,194
7
Axis Youth Must Be
3,059
41,486
85,349
6
Louis
7,9Pt
78,060
460,466
560,816
Cleveland
2,033,000
'
9,615
80,171
441,232
165,186
4
__
224,413
78,234
473,224
741,660
5
pounds held on May 31, 1942."
250,233
178,762
Oklahoma
106,856,000
5,151,000
Philadelphia
221,144
1942
176,617
North Carolina
$31,939,000
83,632,000
6,050,000
1,272,000
Boston
1942
3,858,509
340.089
I
Mississippi
May 29, '42
New York
3
May 31
1943
1943
4,344,387
158,261
Louisiana
April 30, '43
On hand at mills
82,839
Georgia
May 29, '43
Federal Reserve District—
2
STATES
(TONS)
470,897
California
DISTRICTS
FEDERAL RESERVE
HAND
ON
Crushed
Aug. 1 to May 31
1942
256,515
■
Arkansas
OUTSTANDING—UNITED
ACCEPTANCES
BY
*
.
AND
v
3,906,742
1943
4,448,973
Arizona.^.—
The Reserve Bank's report follows:
pounds held on May 31, 1942.
"Staple fiber stocks held onl
May 31 totalled 2,800,000 pounds
compared with 2,300,000 pounds
held on April 30, and 2,100,000
goods stored in or shipped between foreign
on
CRUSHED,
Aug. 1 to May 31
.
United States
countries were
higher, whereas in the year-to-year analysis only credits for domes¬
tic shipments were above May 29, 1942.
based
hand, and cotton¬
on
May, 1943 and 1942.
RECEIVED,
•Received at mills
State—•
$38,091,000 below a year ago.
In the month-to-month comparison credits for imports and those
was
cottonseed received, crushed, and
products manufactured, shipped out, on hand, and exported for
the ten months ended with
figure, according to the monthly acceptance survey issued June 16
by the Acceptance Analysis Unit of the Federal Reserve Bank of
New York.
The total amount of acceptances outstanding on May 29
In May
12, the Bureau of Census issued the following state¬
ment showing
from the April 30
of $7,465,000
increase
June
On
outstanding on May 29
The volume of bankers' dollar acceptances
as
000
Cottonseed Receipts
Bankers' Dollar Acceptances
shipped in April- and 12,700,000
pounds shipped in May,
1942.
Staple fiber deliveries for the five
months to May 31, 1943, aggre¬
"Stocks of rayon
2403
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4189
Volume >157-
•
103
102
Total gross
debt outstanding as of May
•Approximate
maturity
Principal
(c"*"*ent
debt statement $20,507,383,292.
value.
according to preliminary public
31, 1943
$135,912,580,631
redemption value)
2404
THE COMMERCIAL & FINANCIAL
CHRONICLE'
Second War Loan Drive Gross And Net
Earnings Of United States
Securities Sales
Treasury
cently
tion
made
Department
available
tabula¬
a
Total
sues.
during
the
sales
of
drive
amounted
earnings
of
United
States
railroads
for
the .month
of
a new high record for the
history of the railroads,
exceeding the previous peak attained last October.
Net earn¬
ings did not attain the October peak of $329,157,843, but neverthe¬
less were high.
securities
Due to the additional burdens
to
railroads
Baltimore
indebtedness;
dated
April
15,
.1943, due April 1, 1944, amounted
to
$5,244,000,000,
than
for
Total
a larger amount
other issue offered.
any
subscriptions
for
this
restrictions under which the
Atlantic
The
curity amounted to $9,782,000,000
but
allotments
to
were
limited
approximately
the
percentage
Sales
to
in¬
vestors accounted for $2,738,000,000 and other investors, $368,000,non-banking
C00.
Treasury Bonds
almost
were
large
as
as
certificate sales with the total be¬
ing
$4,935,000,000.
expenses
March—
of
Gross
earnings
Operating
to
earnings in March, 1943,
(i.
1943
1942
231,555
$540,300,226
449,440,079
360,152,483
.
v
Ratio of expenses to earnings
( + )
or
banking investors subscribed
allotted
$2,626,000,000
$199,000,000.
other investors
The
2V2%
1964-69
of
Treasury
sold
were
and
in
and
in
most
attractive
for
not
permitted
to
Fr«*ieM
Western
follows:
Tax Savings Notes of
C, $1,652,000,000; Series E
War Savings Bonds
(individuals)
$1,473,000,000; Series F and G
War Savings Bonds,
$667,000,000
and Treasury bills,
$810,000,000.
previous
drive
reference
appeared
in
to
the
issue
our
of
June 3, page 2089.
After War Conferences
Prime Minister Winston Church¬
ill returned to London on June 5
from
war
conferences
in
United States and Africa.
the
The Prime Minister's talks
President
ton
had
$610,799
$479,903
$112,235
$484,818
47,796,000
47,996,000
32,250,000
40,068,000
4,859,000
5,824,000
5,085,000
4,595,000
4,789,000
*3,073,426
*3,174,781
*3,066,011
*2,280,837
Roosevelt
been
in
in
jwith
Washing¬
from
progress
*3,837,736
tears)
6,396
—
(cars)
5,936
5,964
11,954
16,762
4,712
and
2,227
4,813
7,116
2,616
(cars)
3,498
2,381
1,835
4,135
6,298
barrels)—
(000
(000
*1,836
bushels)__
tuoObusheisj
Outs
Steel
and
SSSteel
ingot
(net
*1,453
*1,785
*12,791
*13,271
*24,419
*17,499
*10,488
*20.125
*4,890
*5,483
*4,185
*7,815
*9,113
*6,117
*6,728
*2,194
*3,401
*1,631
bushels)—
Barley (000
*1,746
*17,650
*23,016
*7,628
Rye (000 bushels)
Iron
*1,725
*42,399
*28,317
bushels)
(000
*1,390
*939
*576
*992
plete agreement
on
and
"com¬
future opera¬
tions in all theaters of the war."
On
his
production—
7,670,187
(000 ft.):
high
Gen.
confer
with
military leaders, including
George C. Marshall, U. S.
Army Chief of Staff, who had
companied him there.
This
ing
the
the
was
between
Prime
Churchill's
fifth
the
Washington.
and
7,392,111
1,124,003
1,605,337
5,676,357
wartime
last meeting
at Casablanca in January resulted
in
is
an
'lr'"
-•
plans for tbe "offensive
cam¬
paigns of 1943."
Jersey
Northern-
Central
11 Association
of
American Railroads.
**Only percentages
by major stock yard companies in each city.
ttNew York
§§American Iron and Steel Institute. HHNational Lumber Manu¬
Association (number of reporting mills varies in different
years),;
.
ttReported
Exchange.
facturers'
From
a
brief perusal of the figures compiled in the tabulation
presented above, we note the fact though most of the items
more active in comparison with the
corresponding period last
a
were
year,
few of them showed downward trends in volume of
activity. Ac¬
cording to statistical reports of F. W. Dodge Corporation, total con¬
struction awarded in 37 Eastern States
during March, 1943, registered
a decrease of 44.38% in valuation from the
corresponding month in
1942.
Pennsylvania anthracite and bituminous output recorded in¬
creases of 739,000 net tons and
8,654,000 net tons, respectively, in
comparison with the same month last year.. Lumber shipments for
the five weeks ended April 3,
1943, were 6.7% less than the average
for the same period in the latest three
Based
years.
reports of
identical mills for equivalent
working periods, lumber shipments in
the month under review were 11% and
orders were 15% above
production.
Steel ingots and castings production
aggregated 7,374,154 net tons. This represented an increase
of 12.60% above the pre¬
vious month's output and 3.76% more than
during the same period
of 1942.
Loading of revenue freight on the railroads of the United
on
declined
101,355
cars,
gory Was
3.19%,
or
period in 1942.
'
below
the
-
1942.
over
The latter
.March
last
a
gain of $10,-
was
major
tuations of
present
$100,000
our
usual compilation
or more,
in both gross and net
declines,
the
108,243
Superior &
Ishpeming
133,838
w:.t
842.753
'
Total
.
133,500
——
,
roads).
(3
; $729,018
.
Kansas
City
Southern——
New
& Santa Fe—
9,033,988
Boston
——>•
8,755,476
Pacific
6,040,306
Grand
$521,747
Wheeling & Lake Erie
Atchison Topeka
Union
vIncrc^e-
*$10,077,041
—
(2
Pennsylvania
v
Orl.
Tex.
&
&
Trunk
5,034,651 ^Spokane
Mex.
(3
rds.)
476,903
Maine——
'472,415
454,729
Western—
Portland
&
442,888
Seattle—
392,722)
Southern
——A——
14,934,604 Pittsburgh & Lake Erie
Chicago Burlington & Quincy.
4,415,278 ! Central of New Jersey_r-.i—_^
Coast
Line—4,296,692 ; Chicago Great Western—,
Chicago Rock Island & Pacific
4,124,101
Alabama Great Southern
384,131
;
374,981
371,205
Atlantic
&
Nashville—4,067,417
Chicago Milw. St. P. &
Air
Chesapeake
Baltimore
Chicago
New
St.
&
&
&
North
Western
Pacific
York
New
Louis-San
Norfolk
&
Denver
Haven
&
(2
&
Rio
Hart.
roads?-
Grande
—
Western
——————
Texas
&
St.
Louis—
Valley.;—
237,099
231.086
Southern
Louisiana
&
&
Florida—
220,746
1,810,303
Arkansas———
220,537
Atlanta Birmingham & Coast—
213,426
Toledo Peoria & Western
1,794,269
'Chic.
>
1,600,465
197,316
;Georgia-
Indianap.
Clinchfield
New
,
1,547,432
&
Louisville—
>165,908
—
York
Susq.
&
Western—
Kansas Oklahoma & Gulf
Illinois
168,073
167,557
—
Terminal
138,469
,
Louis
Southwestern.;
East
1,107,484
Minneapolis & St.
1,072,217
1,037,079
Coast
& St.
Louis—
: Atlanta
1,015,670
119,294
Delaware
&
118.422
115,971
Louis
113,975
Virginian
Staten
132.611
,.
—
__.iL—1,539,880 Detroit Toledo & Ironton——
Pacific—. .1,514,681 iSpokane International
&
237,882
<
.
Mississippi
Chic. St. Paul Minneap. & Om.
2,653,603
(.1,585,000
-1,581,121
263,789
Central
&
1,605,675
—
Chic.
Maine
2,105,259 ' Georgia
Western-——
York
>
3,350,844.; Yazoo
1,848,243
Fran.
Orleans & Northeastern—
New
t..—2,030,812
Central
361,229
Bangor & Aroostook—...266,198
3,555,452
3,446,472
Ohio.———
Ohio——-——
Great Northern
Erie
Pac.—
Line—
Point———
113,560
Rapid Transit—
107,597
106,483^
106,010
West
Island
—
Lackawanna & West.
997,319
Detroit Toledo Shore Line
Marquette __956,888
Pittsburgh & West Virginia—
102,748
885,085 :.
'?
; ' ; " • •" '
!
——
885,835
Total (83 roads)—.—;_i-$126,929,281
Pere
Lehigh Valley i—
Missouri-Kansas-Texas
Gulf
Mobile
Central
of
&
Ohio
822,651
Georgia
797,819
Alton
,
744,994
International
Great
Northern.
Cinn. New Orl. & Texas Pac—
Western Pacific
693,450
691,728
—
Richmond
Fred.
Chicago
&
Colorado
&
Western
&
Potomac—
Eastern
Illinois
Southern
(2
roads)
Maryland
Decrease
.
.
Duluth Missabe & Iron Range.
Bessemer & Lake Erie—
726,446
Delaware
New
$629,968
332,924
Hudson
<fc
168.232
York
Connecting——
690,235 (Lake Superior & Ishpeming—
680,691
Elgin Joliet & Eastern
;
533.336
.
529,592
>
.
151,118
137,866
136,350
.
Total
roads)—
(6
$1,556,458
*These figures cover the operations of the New York Central and the leased lines—
Cleveland Cincinnati Chicago & St.
Evansville
is
Indianapo'is
increase
an
When,
of
&
Terre
Louis, Michigan Central, Cincinnati Northern, and
Including Pittsburgh & Lake Erie, the result
Haute.
$10,461,172. '
is
as
our
custom, the roads
are
arranged
in groups or
geographical divisions, according to their location, it is
to
no
surprise
find, in view of the > foregoing, that all the great districts—the
Eastern, the Southern and the Western—as well
as
all the various
regions comprising these districts; without single exception, reveal
gains in both gross and net earnings alike.
Considering the showings of the various districts,
the
Western District headed both
\
v
showing the major fluc¬
whether they be increases
listings for the separate
or
decreases,
roads and systems:
tricts
were
gross
91.94%, respectively.
second ancl third with
we
find that
and net listings with gains
The Southern and Eastern Dis¬
increases in gross of 43.96%
Analyzing the figures compiled for the small subdivisions, the
regions,
we
notice that the Southwestern region recorded the great¬
increase of 56.62, while the Cen¬
Western
classification, however, these; positions
ran
a
close second with
an
increase of 55.85%.
were
indicating the greatest gain,
the Southwestern region
occupied
second
one
the
which
and
follows
classification
Commission.; The
districts
the"1
of 103.40%, while
place with
an
improve¬
/
tabulation
forms with
In the
reversed with
Without further comment, we now make reference to
mary
■
and
29.60%, and improvements of 74.87% and 47.09% in net, respectively;
ment of 92.64%.
$461,:!v..
of 49.73% arid
Central Western
Duluth,
gross and net with decreases of
$629,968, respectively.
now
Line
Canadian Nat. Lines In N. E—
net
gross
We
Lake
924,988
923,747
tral
gross, finished second in net gains with
$9,593,990.
The Atchison,
Topeka & Santa Fe gained third place in the net
category, showing
an
increase of $9,033,988.
In addition 93 more roads in the
680 and
1,014,210
est gain in gross with a
percentage
second in the grosg column with
year.
The Southern Pacific, third in
Range led both
Shore
.
occupied by the New York Central with
over
corresponding
Toledo
9,593,990
Nashville Chatt.
Produce
Detroit
roads)——
*1,638,245
available.
122,670
1,197,620 Detroit Toledo & Iron ton——
103,761
1,186,694 :
1,052,367
Total (97 roads)
-———$216,361,140
1,050,093'
1,032,856
>
'
Decrease
1,015,836 Duluth Missabe & Iron Range
$461,680
,
Pacific
**
Mines.
129,483
Lehigh & New England
Increase
York
IliiOrders
of
146,125
Akron Canton & Youngstown—
1,208,241
Reading
Bureau
146,714
1,224,444
:
«<*
New
Southern
Florida
S.
.148,111
—
■
*1,468,743
Note—Figures in above table issued by: *Four weeks.
tF. W. Dodge Corp. (figures
37 States east of
Rocky Mountains).
^National Bituminous Coal Commission.
164,879
-
Rapid Transit—
Spokane International
Central Vermont
'
PRINCIPAL CHANGES IN NET EARNINGS FOR THE MONTH OF
MARCH
*1,562,519
Missabe & Iron
Their
1,522,900 Virginian
1,496,969 -Staten Island
1,427,783
176,410
Cincinnati
*408,573
§U.
176,423
figures cover the operations of the New York Centra] and the leased lines—
Chicago & St. Louis, Michigan Central, Cincinnati Nojthern, and
Indianapolis & Terrc Haute.J Including Pittsburgh & Lake Erie, the result
increase of $16,708,531. ■
•
^*
Cleveland
*547,167
*552,873
for
>•_—181,097
Evansville
*977,312
Mr.
trip to
Louisa1
Valley.—
*1,025,531
*1,127,628
199,184
& Gulf
Pacific
& West.
'
*943,853
received
210,712
•These
St.
.
and
was
168,002
New Orl. & Texas Pac.—
Yazoo & Mississippi
Wabash
classification and 79 roads in the net column
rounded out the list of
roads being able to show
gains of $100,000 or more over March of
the preceding year.
In reference to
meet¬
President
Minister
third
such
ac¬
Western Ry. of Alabama.
Cinn.
*1,067,691
*1,109,621
$16,121,840
to
1,564,685
—
Illinois Terminal
1,416,276
1,299,225
Great
**
in
Africa
174,954
—
Georgia
**
077,041
North
of
HflShipments
airplane journey from
Mr.
Churchill
stopped off at Allied headquarters
Washington,
Atlanta & West Point—
Alton
New
tons):
The total amount of major increases in
both gross and net earn¬
ings reached a new high for the month of March with
major gains
aggregating $216,361^40 in gross and $126,929,281 in.net. The Penn¬
sylvania repeated last year's performance by
again leading the gross
listing with an increase of $17,797,090.
First place in the net cate¬
American
St.
&
Coast
Central of New
Illinois
that
combined
Northwestern
1,577,921
Maine
Northern
grain
States
the
2,297,948
1,911,380
City Southern—
Seaboard
May 11 to May 27. At their con¬
clusion^ the President announced
British staffs had reached
Norfolk Southern
Marquette
Louisville
:
(cars)
City
Wheat
Lumber
Series
188,432
2,361,363
Delaware Lackawanna
If t Production
The other securities sold
during
the Second War Loan Drive were
A
all
flour
Flour
Corn
were
.
as
$339,698
56,450,000
receipts:
was
these bonds.
Kansas Oklahoma
.Western, Pacific
Traffi":
Omaha
of
for
190,378
2,391,178
+70.31
rTUivesiock. receipts:
non-
subscribe
Minneapolis & St. Louis__
Missouri Pacific.,-——_
awarded
^Pennsylvania anthracite—
$369,000,000.
However, commercial banks
2,394,941
Richmond Fred. & Potomac
Western Maryland
tons):
ttCarloadings,
banking investors, with sales to¬
taling $3,392,000,000.
Other in¬
vestors accounted for
Toledo Peoria & Western
New York Susq. & Western—
Elgin Joliet & Eastern——
Southwestern
Boston &
234,489
2,748,274
Lehigh Valley —.
«—
Wheeling & Lake Erie——
Chatt.
240,036
1 Penn.
2,859,616
New York Chicago & St. Louis
East
260,398
—
2,521,519
—
Nashville
Hudson
^
Grande
Pacific—
Louis
&
Western
Western
Rio
+24.79
railroad
tBituminous
amount
the
3,221,415
Gulf Mobile & Ohio
($000):
Kansas
$3,761,000,000. This security
the
roads)-
——
Texas &
$215,950,337
March, 1943, in
264,355
223,463
(2
Western
Reading
(66.66%)
273,591
234,644
&
Central
296,719
Pittsburgh & West Virginia-^i
Chic. Indianap. & Louisville-,;
Reading Sea Shore Lines
Fran.
North
wpb^sh
+39.97
•
.
257,759
—00.88
+
+
413,302
374,780
351,110
326,672
Georgia
——
2,030
—
Northeastern—
—■
——
Pere
573,014
530,926
415,818
_
Paul Minn. & Omaha
3,048,688
Kansas
586,691
568,387
4,993,316 ,Bangbr & Aroostook
4,859,265 < Maine Central
4,755,639 ; Georgia Southern &' Florida—
4,417,192 'Atlanta Birmingham & Coast—
3,924,572 .Clinchfield
2,861,269
Florida
Orleans &
619,000
601,718
Delaware
&
Norfolk
Arkansas
670,231:
649,750
3,284,224
Erie
with
contracts
(net
$827,078
3,636,785
Louis-San
Denver &
operations for the month of
March of the previous year.
In relation to its
bearing on the revenues of the railroads, we have arranged in the
subjoined tabulation those figures indicative of the activity in the
more
important industries together with those pertaining to grain
Coal
Increase
New Haven & Hart—
$180,147,743 " +$126,662,741
$306,810,484
comparison
Building
MARCH v
;
Pacific
International
Chicago
Bonds
the
York
$215,950,337
89,287,596
(59.43%)
earnings
tConstr.
OF
»,t(
(2 roads)
-
Ohio—
&
Chic, St.
Missouri-Kansas-Texas
Since the trend of business underlies the
general financial sta¬
tistics of the railroads' operations, we now turn our
attention to the
activity of the various vital factors responsible for the
....
$2,000,000,*
000. The banks received
$2,110,000,000 of this issue, the percent¬
age allotment being 16%.
Non-
.
New
5,520,728
Chicago & East Illinois
Net
■
Minneap. St. Paul & S.S. Marie
5,796,079
—
Chicago
%
'
were
St.
Deer. (—)
Subscriptions
in this instance totaled $9,930,and livestock receipts and revenue
freight carloadings for the month
000,000 with the banks again of March,
1943, as compared with the same month of 1942,
1941,
heavily over-subscribing for this 1932 and 1929:
issue.
However, similar restric¬
March—
1943
1942
1941
tions applied to banks with allot¬ *;■
1932
1929
ments limited to about
Pacific
Central
Northern
59.43%
was
Amount
229,525
$756,250,563
—
—.
expenses
increase
Sales of the 2%
1950-52
of
Mileage of 132 roads_K—~
allotment
being 18% of their over-subscrip¬
tions, and applications for less
than $100,000
being allotted in
full.
New
St;
Incr.
Month
MONTH
*-+.<
Louisiana *&
■
6,003,597
&
Line
Great Northern
compares with 66.66% in the same month of 1942.
We now
in tabular form the results for the month of
March, 1943, as
compared with the same month last year.
$2,000,000,000.
The
banks
re¬
ceived $2,138,000,000 of this issue
with
Illinois
give
accepting demand deposits
to
ratio
Ohio
Coast
Chesapeake
70.31%.
or
which
commercial
banks
THE
Colorado & Southern
6,175,095
Chic, Mllw. St. Paul & Pac.~—
Seaboard Air Line
are
$126,662,741,
se¬
&
Chicago Rock Island
and
earnings of the railroads of the United States in
March,
1943, were $756,250,563 against $540,300,226 in March, 1942, a gain
of $215,950,337, or 39.97%.
As operating expenses were again kept
at a comparatively low
basis, net earnings amounted to $306,810,484
in March, 1943 as against
$180,147,743 a year ago, an increase of
% % certificates of
FOR
'
Central-'
Louisville & Nashville-'
Gross
Sales of the
EARNINGS
"Increase
$17,797,030
——
operating, it does not appear likely that the net earn*
$18,543,000,000, with non-banking
ings will be reaching new peaks even though the gross earnings do.
investors accounting for $12,550,One of these examples is the eight cents an hour
wage increase
000,000;
commercial
banking recommended on
May 26 by an emergency board of the National
sources
(allotments only) $5,048,- Labor
panel for members of\ fifteen so-called non-operatirig unions.
000,000;
dealers
and
brokers, Frederick E.
Williamson, President of the New York Central Rail¬
$544,000,000, and U. S. Govern¬
road, estimated that this increase which is retroactive to
ment
February,
agencies and trust funds,
would cost his company more than
$17,000,000 this year.,:
$391,000,000.
<
GROSS
«+',•
v
even
by classes of investors and by is¬
York
IN
.
:*16,121,840 (Long Island',rJ,-i_Lr^_-—Southern Pacific (2 roads)'--—
15,871,029
New Orl. Tex. & Mex.' (3 rds.)'
'
Union Pacific
15,220,443 j Grand Trunk Western—
Atchison Topeka & Santa Fe..13,582,712. Chicago
Great
Western
Missouri
Pacific
6,824,737
Pittsburgh & Lake Erie—
Southern
6,733,846
Spokane Portland &• Seattle
Chicago Burlington & Quincy_ v. 6,708,179 ' Alabama Great Southern..!—_
March established
showing the sales of securi¬
during the Second War Loan
ties
.New
CHANGES
''
——
—
Gross
re¬
'
/•
Pennsylvania
Railroadsj For The Honth Of
The
PRINCIPAL
.
.s"
Monday, June 28, 1943
territories
regions
following tabulation:
are
immediately.
Our
our
sum¬
grouping
con¬
set" down by the Interstate Commerce
covered
by
the
various
subdivisions,
explained-in the footnote attached to the
2405
GROUPS-MONTH
BY
SUMMARY
1942
1943
.
V;;:>-?■
'
Eastern
$
UO roads):—:—««. 28,li4,?92
District—/
New
.■++
$
,
,
Indianapolis &
95,240,821
+
113,988,453
+
30,895,685
32,025,428
300,264,679 : 231,688,133
+
68,576,546
Omaha
+29.60
22;458,859„
,
+•
5,655,433
.
St.
Southern District—
11199902634247538—65
■■■>■>■;
.
115,198,651
37,155,006
——..152,353,657
105,831,632
+ 48.84
8,721,159
+ 30.67
46,522,025
77,397,785
28,433,847
+43.96
5t.
•
Total
:
roads)
(30
1
.
+
Central Western region (16 roads)
—
Southwestern region (20 roads)
—
Total (51 roads)
:!+■
1
11
•
58,744,284
+ 55.85
+
25,221,702
+ 56.62
44,547,336
■'—I"
—■
■
■
'
.
;■
-
1942
6,644
10,902,288
25,852
region. 24,037
26,023
24,249
56,916
England region..
Lakes
Great
region.
East,
Central
Total—.—
56,488
$
$
$
19*3
6,599
Eastern District—•
.
New
Dec. (—)
+
+
+
+
33,546,299
+
47.09
49,018,660
30,252,173
+
44,867,311
32,701,084
104,788,259
71,241,960
+
Bouthern
37,436
region
region.
Pocahontas
Total
—
Western
37,821
53,581,010
28,586,077
24,994,933
+
6,076
18,223,562
12,475,535
5,748,027
+
46.07
Districtregion. 45,434
West,
45,618
region 55,349
Southwestern
25,273,905
15,359,025
35,669,076
+
15,578,548
+ 92.64
62,373,482
+
91.94
126,662,741
+
70.31
130,742
130,217,653
67,844,171
districts. 229,525
all
231,555
306,810,484
180,147,743
+
Note—Our
Commerce
grouping
Commission,
of the roads conforms to the
and the following indicates
classification of the Interstate
the confines of the different
and regions:
groups
119934203287678——
.
1,860
2,518
702
•1,312
826
.801
1+vi,v
between New
to Chicago, and north of a line
and the westerly shore of Lake Michigan
Chicago via Pittsburgh to New York.
from
Region east
to the
and a
of Maryland and by the Potomac River to its
Region—Comprises the section south of the Great Lakes
Central Eastern
Chicago through Peoria to St. Louis and the Mississippi River
mouth of the Ohio River, and north of the Ohio River to Parkersburg, W. Va.,
of
line
a
from
thence
line
the southwestern corner
to
mouth.
I
east of the Mississippi River and south
W. Va., and a line thence following the
boundary of Kentucky and the southern boundary of Virginia to the Atlantic.
River
Ohio
the
•astern
the
Region—Comprises
Southern
to
a
section
point near Kenova,
Region—Comprises the section north of the southern
Pocahontas
boundary of Vir¬
ginia, east of Kentucky and the Ohio River north to Parkersburg, W. Va., and south
of a line from Parkersburg to the southwestern corner of Maryland and thence by the
Potomac River to
i^ toouth,
3,571
759
282
1,010
1,355
255
52
448
WESTERN DISTRICT
Lakes
Great
in
(1943
6,339
115,592
102,799
22,437
3,815
27,373
1942
5,659
56,827
85,063
19,368
6,305
24,026
we
furnish
our
customary summary
Central
west
from
of
Columbia River, to the Pacific.
Region—Comprises the section south of the Northwestern Region
from Chicago to Peoria and thence to St. Louis, and north of a line
Louis to Kansas City and thence to El Paso and by the Mexican boundary
a
St.
of the 132
back to and including 1909:
year
-Gross
Year
Given
Inc.
$183,509,935
Given
(—)
+
drive.
238,829,705
237,564,332
224,608,654
249,230,551
250,174,257
238,157,881
249,514,091
660,166
253,352,099
15,194,218
296,830,406
238,098,843
321,317,560
294,068,345
—
11,264,790
10,595,839
000,000
war
Associated
237,295
St. Louis further said:
4.44
+
240,510
245,200
+ 24.67
247,363
246.548
27,249,215
+
9.27
248.185
247,317
1+
—
50,484,357
+ 16.17
230.336
228.835
365,098,335
10,676,415
+
2.92
226.086
225,631
347,090,277
61,492,190
+ 17.72
213,434
212.77C
war-loan
—„
456,978,940
458,462,330
1,483,390
0.32
234,832
233,389
473,433,886
457,374,460
16,059,426
3.51
234,986
234,201
$18,500,000,000.
—_
+ 12.62
235.424
235,47C
5.73
235,715
236,520
3.74
236,559
236.041
+
9.00
236,774
236,500
+
0.08
237,804
236,94$
4.98
239,649
238,729
533,553,199
473,747,009
504,016,114
534,644,454
485,498,143
504,362,976
528,905.183
485,236,559
529,899,898
529,467,282
504,233,099
530,643,758
—
+
59,806,190
30,628,340
—
—
—
18,864,833
—
43,668,624
+
+
432,616
•
—
26,410,659
—
2.15
241,115
64,595,796
—12.50
242,325
241,964
76,672,852
—16.95
242,566
242,421
85,983,406
—22.89
241,996
241,974
288,880,547
69,022,941
—-23.89
240,911
241,489
"217,773,265
75,002,520
+ 34.44
239,228
241,194
4.20
238,011
239,249
9.75
2*37,054
238,229
+ 22.53
236,158
236,601
—25.04
234,828
235,82?
31,945,809
+ 11.31
2j)3,659
234.76)
11,783,505
+
3.75
232,976
505,249,550
516,620,259
375,588,844
452.261,696.
289,633,741
375,617,147
1933
219,857,606
1934—
292,775,785
280,492,018
292,798,746
12,306,728
307,833,663
280,484,056
27,349,607
+
377,085,227
307,749,980
282,571,467
M 314,460,087
376,997,755
69,335,247
94,426,288
282,514,278
' 326,243,592
314,460,087
1939
1
—
10,884,477
+
—
—
—
paign for thrift and saving with¬
out precedent in this
country,"
Mr. Odegard said.
240,421
Warning against the threat of
and
rapping
civilian
spending, the speaker said the
Treasury hoped to sell $18,000000,000 in war bonds to individ¬
uals, of which the bulk would
inflation
from persons earning from
$1,000 to $5,000 a year.
come
"To
ernment
540,300,226
+
215,950,337
+ 39.97
229,525
231,555
ing investors, the Treasury is now
in
process
of
reorganizing
its
sales
organization
through
the
consolidation of the Victory Fund
Committees and the War Savings
Staff into
a
single war-finance
committee, ' he disclosed.
EarningsIncrease ( +
Year
Year Given
Preceding
$69,613,713
$55,309,871
78,322,811
69,658,705
69,209,357
69,038,987
78,357,486
68,190,493
64.893,146
69,168,291
.
__
_
$14,303,842
+
8,6b4,106
+ 12.44
9,048,129
—11.67
—
848,494
+
+
+
_
_
_
4.78
+
1.48
+ 42.96
29,378,627
7,911,240
—
—
4,748,470
—
8.18
5.44
~
—63.91
52,414,969
—
6.1£
+
1,000,350
68,392,963
97,771,590
_
-
—
3,104,528
+
1.24
+
4,275,145
—
67,452,082
_
c/o
+ 25.86
+
64,889,423
__
) or
Decrease (—>
13,669,908
1922
113,468,843
58,831,644
+
54,637,199
+
92.87
117,117,122
113,697,798
+
3,419,324
+
3.01
within
..
__
1923--
_
FLOUR
Four
Weeks
Flour
(000
AND
GRAIN
Ended
-_
_
Wheat
-
-
:
67,670,702
__
1939
-
..
Oats
-
Rye +
Barley
(bush.)
960
2,391
9,400
842
20
6,134
1,042
248
..
..
+
41,492,272
+ 97.75
16,283,565
—19.40
3,506,818
39.806,551
14,579
2,767
2,498
1,195
1,915
1,960
753
202
164
239
2,858
590
(1943
86
208
913
4
9
....
58
66
724
25
29
2,014
Toledo
Indianapolis &
(1943
571
-wU
•
550
64
896
202
38
1,199
924
4,131
774
1,750
842
36
664
1,832
338
3,235
182
20
144
78
3,544
108
—
10,761
3,191
444
3,186
2,604
524
383
Total
2
''*?;■
+
74,688,343
+
3,644,491
+
4.8?
+
54,485,101
+
69.48
+ 38.06
20,588,056
46
323
75
281
132,899,824
+
47,304.676
+ 35.59
prices
+
126,662,741
+ 70.31
available
Steel
1943,
month,
an
—..—
*
""I.
138
345
14
107
42,399
28,317
7,628
1,631
9,113
17,650
23,016
4,890
1,390
6,117
corresponding month in 1942, a decrease of 127,584
date, shipments
were
8,487,353 net tons
pared with 8,729,439 net tons in the comparable period of 1942,
com¬
a
de¬
of 242,086 net tons.
1,685,993
1942
1,738,893
1941
1940
1939
1929
Duluth
Milwaukee
Toledo
—
Corn
Oats
(bbls.)
""I1942
3,245
7,874
32,839
2,928
1,971
24,136
51
37,672
5,341
24,082
6,598
11,521
1,922
418
7,817
2,140
212
3,470
11942
.|JJ«
{1942
J J" JJ
302
217
131
2,383
1,804
2,977
(bush.)
Rye
(bush.)
Barley
(bush.)
2,924
90
individ¬
at
current
989
3,542
7,924
2,730
8,262
3,335
12,056
10,727
445
628
56
660
1,044
20
36
their
purchase and
314
6,652
1,681
82
451
859
39
46
taxes
be
would
a
-
,
much
easier
burdens
to
bear
"To the extent
through
war
our
tional
debt
tax
debt.
A
keep
we
smaller
na¬
mean
will
revenue
finance the
we
taxes,
that
less
be
needed
will
to
service that debt.
"I hope, too, that any new and
additional taxes will be calculated
1,682,454
1,145,592
1,694,592
1,616,587
1,548,451
1,009,256
747,427
1,388,407
1,780,938
1,720,366
931,905
845,108
1,605,510
revenues
1.630.828
1,758,894
1,687,674
907 904
771.752
1.617.302
on
1,706,543
1,834,127
1,745,295
1,774,068
1,668,637
1,701,874
1,529,241
July
August
1,765,749
1,666,667
1,788,650
April
—
870,866
1,084,057
795,689
1,209,684
607,562
745,364
885,636
1,086,683
1,364,801
with
now
won.
1,772,397
1,851,279
1,572,408
1,345,855
1,665,545
1,624,186
1,846,036
1,425,352
1,544,623
1,406,205
1,849,635
1,443,969
1,110,050
931,744
21,064,157
20,458.937
14,976,110
11,752,116
16,825,477
*42,333
37,639
♦44,865
*12,827
—
20,416,604
15,013,749
11,707,251
16,812,650
adjust—
Total
-—
"During
spending
1,787,501
November
Yearly
but also to put a penalty
spending and a premium on
saving," Mr. Odegard asserted.
this
December
Total by mos.
only to increase government
1,262,874
1,333,385
1,753,665
1,664,227
—
not
1,480,008
1,500,281
1,703,570
1,296,887
1,455,604
1,392,838
+
6,895
85
'
and services
goods
for
tax
February
4,403
4,261
•
2,729
2,828
of
value
be
will
March
September >
27
Year
Minneapolis
hands
tinued, adding;
increase of 75,715 net tons, and with 1,834,-
October
Chicago
the
of the
June
•
(bush.)
efficient
controls,
great boon at this time," he con¬
it
Corporation for the month of May,
1943
1,836
Wheat
of
"We need to be reminded that
Corporation Higher In May
For the year 1943 to
~
1,725
(bush.)
most
price
the
the
and
down
May
Flour
•+
in
income
uals
180,147,743
net tons.
January
284
(000
with
180,204,500
1,706,543 net tons, compared with 1,630,828 net tons in
the preceding
335
2
616
Three Months Ended March
Omitted)
"Even
higher income and fewer goods to
buy than it will when the war is
States
.
664
308
.(1943
11942
all.
54,100,286
—51.43
57.398.923
148
1,388
"inflationary
V
an
United
crease
235
236
11942
the
amounted to
222
1
218
628
(1943
City
4
~235
88
53
11942
Sioux
129
\
83
632
J1942
as
added
127 net tons in the
187
(1943
„
deducted
Shipments of finished steel products by subsidiary companies of
39
4,141
154
49
836
4,778
524
(1943
Joseph
Wichita
(1943
11942
C1943
11942
11942
3t.
City
638
1,007
(1943
_
—
98
2,664
— —
spending
for
threat of the first magnitude."
306,810,484
-
1,850
)1942
(1943
11942
Peoria
111,501,626
78.332,834
U. S. Steel
2,391
503
) 1942
Kansas
5.14
+ 55.51
71,708,880
54,102,703
Finished Sfeel Shipments By Subsidiaries Of
4,349
7,394
4,128
Louis —'.
+
111,515,431
_
944
(bush.)
Milwaukee
St.
—20.11
—36.95
+
,C
left
types of taxes had been
rationing, credit control and wage
stabilization, the upward pressure
on
prices will continue unless
taxes and savings are increased
to absorb a large part of the dif¬
ference
between
the
disposable
17,035,708
—
1941
all
16,893,267
25,256,013
83,942,886
—
1940
after
administration
68,205,090
+
$31,000,000,000
5.69
42,447,013
—
the country's re¬
Odegard pointed to
Mr.
—27.38
67,659,321
....
Recounting
sources,
—16.64
71,711,908
.
..
al¬
months
raised
38,262,064
78,414,722
-
been
2.97
1,631
527
(bush.)
) 1942
.71942
+
7,516,400
1.21
few
next
"Increased
Corn
(bush.)'
(bush.)
-(1943
Omaha
+
—
74,688,342
_
1942
—
—
+22.52
.
1,627,358
4,034,267
_
..
-
_
68,356,0*2
4.75
_
-
..
_
—
84,706,410
43,100,029
83,939,285
-
_
1935
.
Duluth
101,541,509
1932
+
—
24,561,652
2.48
non-bank¬
use.
935
(1943
H942
—-0.943
139,756,091
-
+
—
to
through
the May sale of E, F and G bonds.
27
'
Chicago
132,122,686
84,648.242
...
—
+
—
—
RECEIPTS
March
(bbls.)
Year
135,874,542
101,494,027
1929.
1943
WESTERN
134,064,291
139,639,086
_
1930
1938.
28, 1942.
109.081,102
135,691,649
131,840,275
-_
1937
with the corresponding periods ended March
—
133,642,754
1926_
1927..
of the grain traffic over
weeks and three months ended March
114,677,751
2,914,076
5,447,665
—
109,230,086
—
1928
1936
—U
/
Minneapolis
_
117,668,590
_.
1934
27, 1943, as compared
_
_
_
the
had
ready
+ 46.78
Region—Comprises the section lying between the Mississippi River
south of St. Louis and a line from St. Louis to Kansas City and thence to El Paso,
«nd by the Rio Grande to the Gulf of Mexico.
securities
He
said
$7,000,000,000 of the
$45,000,000,000 to be
borrowed
+ 50.2f
18,656,316
Receipts of rye and barley, combined, totaled
gov¬
232.291
_______
1933
of
233,020
231.575
+
of 1,725,000 barrels. Corn and oats arrivals
the Western terminals aggregated 28,317,000 bushels and 7,628,000
sale
232,300
+ 30.03
_
..
1931
the
+ 27.31
1914
_
increase
89,159,655
124,773.258
__
1924-
this,
+
_
1925
in
326,366,143
Net
1910.
_
succeed
shall have to carry on a cam¬
415,525.798
of
1917
to
are
raised
April
756,250,563
.909
__
—
we
in
540.299.056
March
1915
+
drive
415,525,798
-
Month
1916
"If
we
233,619
516,134,027
452,024,463
+
present a detailed analysis
cost will
war
taxes, he* said, leaving
$70,000,000,000
to
be
acquired
through borrowing. The second
312,276,881
27,202,867
now
from
from
408.582,467
82,011,451
We
the
remarks,
despatch
"Only 30% of the
come
362,761,238
39,882,642
the Western roads for the four
Press
375,772,750
—
40,872,775
10,744,000 bushels.
his
reporting
243.184
58,731,563
In
243,598
29,596,482
bushels, respectively.
a
$100,000,-
000,000 in 1943.
234,692
58,538,958
at
$45,000,-
finance
to
238,218
1921
barrels over 1942's total
31
cost it
5.77
+
1920
respect to individual grains, we notice that wheat receipts
than doubled last year's figure, indicating a percentage
increase of 140.22.
Flour receipts showed an increase of .111,000
Dec.
234,258
246,848
1919-
more
by
which will
226,965
96,718,706
In
Mis¬
Association, at St.
Odegard announced
Mr.
220,421
to the Pacific.
have
the
to
the
souri Bankers'
Louis,
237,735
87,309,806
March
of
230,263
0.26
88,807,466
corresponding period in 1942.
war-loan
address
convention
223,563
6.00
82,561,336
grain movement was noticeably heavier for
prepared
a
annual
4.72
—
12,955,678
238,634,712
Preced'g
of the
drained
•
+ 15.98
32,887,440
205,838,332
227,564,915
1918
The Western
third
+ 12.09
$22,190,078
+
238,725,772
——
Year
Year
(+) or
Dec.
Preceding
$205,700,013
—Mileage—
Earnings-
Year
>
line
of 1943 than that of the
that 25%
the country must borrow
Western
Southwestern
11
income must be
the• nation's
In
table which follows
1913
*nd by the
June
on
1920___
1912
Region—Comprises the section adjoining Canada lying west of the
Region, north of a line from Chicago to Omaha and thence to Portland,
said
national
1919——z———
1911
Northwestern
Campaign: Qdegard
.
19.40
SOUTHERN DISTRICT
of
Mast Be Used In Bond
Calling for the greatest thrift
campaign in United States history,
Peter
H.
Odegard, assistant to
the
Secretary of the Treasury,
1,301
•
1935
Region—Comprises the section on the Canadian boundary
Lakes
Great
England
855
V/'Y,'/
306
,p
1932—
Region-^jComprises the New England States.
England
—.
K.-y
2,964
1931
EASTERN DISTRICT
New
w
•
2
4,441
2+
1942
'
1,062
626
(1943
City
—
16,816,070
32,394,618
{129,578
Total
74.87
+
+
+
Total
10,470
1943
——
9,914,880 + 6455
36,880,054 +103.40
:+'
72,549,130
29,025
28,795
region.
30,742,960
+
56,099
Northwestern
Central
41,061,612
71,804,572
43,897
43,459
—
10,435
1942
—
87.44
6,023
_
176
-
,1942
—
84
422
1,634
March
Southern District—
;
25% Of Nat'! Income
682
275
11,894
11,231
of
31.53
62.03
37.20
+
30
809
582
11,375
421
Month
'
•
2,613,585
18,766,487
12,166,227
8,288,703
2,319
25,495
reporting railroads of the current
Incr. ( +) or
1942
1943
——Mileage—.
573
503
272
of the March comparisons of the gross and net earnings
-Net Earnings-
District and Region
886
1943
~
_
In the
'
+39.97
+215,950,337
540,300,226
756,250,563
138
503
2,427
6,478
1942
Total all—
+49.73
+100,851,766
202,780,461
1
■■
+
105,177,673
303,632,227
—
+.■
■
Total all districts (132 roads)
16,885,780
53,055,452
69,941,232
163,921,957
69,769,038
Northwestern region (15 roads)
31.83
+
+
14,974
8,653
2,737
1942
..
Joseph
Sioux
Western District—
,
i" '"++59
66
12,122
1,835
1943
...
City
Wichita
!
Barley
(bush.)
'•
2,830
1,896
[1943
Peoria
37,800,866
3,358
1942'
....
-
-
Kansas
Southern region (26 roads)
Pocahontas region (4 roads)
Rye
(bush.)
3,366
1943
_
Louis
'
■
Total (51 roads).—.——-.—
Oats
(bush.)
19,494
1942
+25.18
+32.44
+28.10
England region
region (23 roads)
126,136,506
Central Eastern region (18 roads)—146,013,881
Orea* Lakes
27
Corn
(bush.)
7,947
1943
.
March
Ended
Wheat
(bush.)
(bbls.)
Year
Omitted)
Inc. (+) or Dec. (—)
Months
Flour
■■•V.V
1(000
Earnlngs-
*
'
.
Three
MARCH
OP
-Gross
District and Region
♦Decrease.
NOTE—The monthly shipments as currently reported during the year 1942, are sub¬
ject to adjustments reflecting annual tonnage reconciliations.
These will- be compre¬
shipments as stated in the annual report.
hended in the cumulative yearly
the. first
we
went
spree.
.
.
expenditures
sumer
seasonably
of
nearly
high. ,
"It
—_—
year
will
clamor
quarter of
a literal
Total con¬
were at the
on
.
adjusted
annual
$90,000,000,000—a
rate
new
profit us not at all to
unruly children for
like
goods of which there is an everrUrrMnicbinP" surmlv.
lead
us
to disaster."
...
It may
2406
THE COMMERCIAL & FINANCIAL CHRONICLE
Accountants and Auditors
There is
ants and
Glass I
urgent need in the
an
Government service for
months, with- the chief exception of
which:declined less than usual at. this -time of year, and
pf
pork.
New dollar and cent ceilings set by the OPA resulted in, a
fractional decline for pork products as a
group.
There were in¬
Selected Incdene And Balance Sheet Items
Needed In Govt. Service
account¬
eggs,
Railways For March
has
issued
of 1%
creases
The Bureau of Statistics of the Interstate Commerce Commission
auditors, it is announced
Monday, June 28, 1943
their slow advances of recent
%%
less for
or
beef and
veal, lamb, and poultry and of
less for cereals and bakery products,
sugar and sweets, fats
oils and
or
statement
showing the aggregate totals of selected in¬ and
dairy products.
come and balance sheetitems forclass I ;steam railways ip the United
"The increases in food prices were quite
mission.
The positions pay from
general, but were
States for the month of March, 1943 and 1942, and the* 3 months
especially large in a number of Southern cities. The variation be¬
$3,163 to $7,128 a year. Many of
ending with March, 1943 and 1942.
tween cities was larger than
the positions to be filled at the
usual, ranging from less than %% in
These figures' are subj'ect to revision and were compiled from
Minneapolis to over 5% for Jacksonville, Norfolk and Wichita.
present time are in the General
At
132 reports representing 136 steam railways. The present statement
"£resEnt\ levels there is considerable variation between cities in the
Accounting Office, the Office of excludes returns for
class A switching and terminal companies. The amount
by which food prices have increased since the
Price Administration, the Recon¬
price rise
All crass I Railways
report is as follows:
began to be marked in January 1941.
struction
Finance
Corporation,
a
by the U. S. Civil Service Com¬
For the Month of March
and
the
War
The
Department.
Commission's
ment further
Income Items—
Net
ry. operat.
Other income
announce¬
explained:,
from
experience of length and
quality to demonstrate ability to
handle difficult technical assign¬
must
cost
and
accountants
.
concerns or
;
216,327,185
97.264,927
2,356,518
2,251,299
6,877,465
6,'694,122
45,109,051
209,44.9,720
90,570,805
26,545,996
19,695,109
79,496,951
56,285,337
__
and
defense
10,486,118
5,466,914
30,346,987
13,370,220
120,727,240
41,631,043
303.845,980
87,886,492
5,176,214
4,154,215
22,871,202
314,042
85,223
5,525,963
_
stock_____„
fixed
to
\
r
■
1.91
2.67
19,252,803
5,155,093
x
2.4i
All Class I Railways
Receivership or Trusteeship
bonds,
those
other
affiliated
of
1942
1943
services
as
cities, surveyed.
Costs for miscellaneous goods and
group rose 0.3% from March to April.
a
;
"Rents, which are surveyed quarterly b*y the Bureau of Labor
Statistics, have shown very little change during the past 12 months.
The.; next report on rent costs will- cover monthly changes for the
quarterly period through June.",>'
'C,
■
RETAIL
$520,568,795
the
and
from
120,863,313
342,399
1,073,350
316,210
137,629,483
909,281
38,616,685
47,081,927
40,698,030
accounts
93,813,186
138,117,452
77,789,467
:
and
,•
•245,200,631
398,600,622
193,858,468
515,212,263
supplies____
dividends
519,589,679
414,286,402
18,839,193
16,900,042
current
1,142,746
907,082
25,527,795
10,273,816
Fruits
&
.
2,666,682,017
1,990,684,368
\-
1,553,535,721
bills payable—
$92,151,970
$107,491,286
99.6
86.0
88.0
137.4
133.7
118.2
108.0
98.7
98.8
133.7
113.4
17,426.396
18,691,318
3,102,550
146.4
97.2
94.6
168.2
150.9
156.9
118.7
99.6
137.0
127.7
123.3
122.3
105.1
142.4
155.2
115.4
111.3
97.4
90.7
179.4
164.9
129.7
128.7
125.6
93.3
92.4
191.1
vegetables
1
144.9
203.9
172.9
130.3
130.0
126.2
93.4
92.8
91.4
91.6
132.4
65,761,408
79,859,814
48,443,049
and
357,310,341
303,695,016
289,093,227
53,168.028
61,525,602
131.2
130.6
99.6
9u.3
124.6
122.6
90.9
94.9
Fats
126.6
126.4
120.7
122.4
119.9
80.3
84.5
128.4
127.9
127.0
127.1
128.1
95.3
95.6
and. oils
Sugar and sweets
.
unpaid—
70,800,521
77,958,536
64,127,112
73,873,570
unpaid
16,766,763
13,580,947
16,428,939
13,228,685
Unmatured interest accrued
64,665,499
73,887,430
58,756,979
62,434,082
10,223,451
5,497,7.76
10,223,451
5,497,776
Unmatured
clared
dividends
Other
liabilities.^
current
Total
Analysis
of
accrued
Cereals
and
bakery
S.
.
22,186,652
21,155,525
18,929,404
19,153,857
399,881.062
1,007,958,667
Other
55,720,829
1,978,675,533
1,088,997,875
47,776,532
2.3
ernment
U.
S.
and
!Ton-MiIes Of Revenue
three
months
long-term
six
Freight Up 12*4 % In May
ended
debt
908,977,006
267,219,885
98,981,661
91,272,443
ship
the
ratio
close
was
the
net
116,222,305
the
in
amount
income
was
as
default.
follows:
tFoif
March,
as
of
+
17.6
50.4
+
.4
1.9
2.1
2.2
13.2
.5
5.7
11.0
13.6
36.5
44.2
+
.7
3.6
5.2
8.2
19.3
31.0
4.6
Pork
.3
—
1.6
2.3
15.0
46.5
43.2
.9
3.7
17.3
28.4
40.5
40.4
1.0
9.5
29.1
30.5
50.6
54.8
canned
1.4
22.9
37.0
31.7
74.1
+ 107.5
_________
.1
7.4
11.2
12.1
30.4
+
.8
9.0
22.4
27.0
45.1
+
55.8
8.8
38.3
39.4
42.8
92.3
+
94.2
10.5
46.7
47.0
51.4
+
Fish,
fresh
and
products
Eggs
Fruits
and
vegetables
Fresh
+ 104.5
47.3
+ 105.9
.5
6.9
7.9
8.5
+
44.9
Dried
.4
10.0
20.2
20.8
+
58.3
74.6
.9
.2
1.9
+
37.4
31.6
4.9
3.4
5.6
+
57.7
49.8
1.0
.2
+
34.7
34.3
Beverages
~
Fats and oils
+
+
Sugar and sweets—
1943,
time
with
cities
.2
.4
included
1.1
in
the
necessary adjustments
the number of foods in the index
the
index
for
was
month
follows:
of
maintaining
comparability.
from
54
to
61.
1
At
the
same
Preliminary.
1943,
June
bulletin, Horwath & Horwath, New York public
accountants, report that the April increases over a year ago were
generally less pronounced than those in March.
The smaller gain
not in
$62,728,509;
room sales was due
mostly to less of a rise in room rate—6%
compared with 8% in March, and that, in turn, was largely because
of only a slight rise of 3% for the miscellaneous
group, "All Others,"
and
none
at
all
HFor railways in receivership and trustee¬
1943, 2.72; March, 1942, 1.74; three months,
§Ihcludes
increased
April Hotel Sales Higher
its
report.
March,
was
44.5
changed from 51 to 56 in March,
obligations
which
mature
not
for
Cleveland.
APRIL, 1943,
COMPARED
WITH
APRIL, 1942
tRoom,
more
-Sales, Increase
or
Decrease-
Occupancy
Total
"Total
revenue
Urban
Living Costs Rose
¥mm lid-larch
To Mid-April Due t® increased Retail Focd Prises
June 20.
to
43.8
+
about
freight in May, 1943, than in May,
1942, according to a preliminary
estimate prepared by the Associa¬
tion of American Railroads ^nd
+
in
railways
for the three months ended March,
1943, $157,662,505;
1942, $77,930,148.
{Includes payments of principal of
than long-term debt in default) which will become due within
1943, 2.39; three months, 1942, 1.39.
than two years after date of issue.
the
.
March,
(other
months after
283,658.757
127,099,926
including
receivership or trusteeship
March,
1942, $36,466,026;
15.6
+
veal
909,400,842
Gov¬
accruals,
11.1
prods.
Lamb
In
1,019,806,494
taxes
"Represents
+
4-20-43
42,317,553
1,657,788,277
.
-
than
8-15-39
to
4-20-43
358,492,328
64,127,557
Government taxes.
1-14-41
to
4-20-43
■_
tax '
liability:
U.
4-14-42
to
4-20-43
+
not desired from persons
war work unless the
position applied for calls for the
use
of
higher skills than the
worker is now using."
5-12-42
to
4-20-43
FOODS
"The number of
_
liabilities.
current
.
1,146,906,420
liability
9-15-42
to
4-20-43
de¬
Unmatured rents accrued—
tax
CHANGE
Canned
_
Accrued
CENT
3-16-43
Commodity Group-
36,514,391
matured
122.0
143.4
123.8
245,373,765
85,715,780
Dividends
122.7
157.0
accounts
matured
123.8
93.1
124.9
Dairy
__
Interest
131.7
112.2
157.7
4,071,786
122,546,153
accounts
95.7
124.9
$78,490,477
car-service
wagjes payable
engaged in
ton-miles of
109.4
120.5
137.1
canned
Canned
j
>
■
$122,472,661
payable
Applica¬
handled
120.6
Beverages
Beef
(Cr.)
Audited
plans.
Persons selected for ap¬
pointment will be notified of any
steps necessary for
compliance
States
124.1
123.2
'
months
v< and
balances
the
in
126.0
124.0
Chickens
War Manpower Commission poli¬
cies and employment stabilization
I
101.1
129.6
126.4
206.7
.
&
23,694,664
assets____ 3,447,845,724
Selected Liability Items—
tFunded
debt
maturing
made in accordance with
Class
121.5
130.5
Meats,
six
137.3
1939
141.3
892,963
14,839,991
____
re¬
within
93.4
1941
138.7
fresh
ALL
Total
94.9
■i
126.0
16,987,195
1,190,379
assets.
105.1
PER
18,467,911
current
93.5
105.4: V 105.2
130.6
124.3
re¬
receivable
Other
97.8
107.0
•
419,320,852
ceivable
Rents
1942
119.6
veal
and
Fish,
re¬
507.255,921
and
1942
121.6
Dried
ceivable
Materials
Jan.14 Aug. 15
1942
126.6
107.4
Chickens
32,247,945
con¬
168,784,824
Miscellaneous
Sept. 15 May 12 Apr. 14
1943
137.4
bakery products.
Dairy products
receivable
and
Mar. 16
138.0
and
Fresh
(Dr.)
agents
Interest
183,405,552
LARGECITIESCOMBINED*
1935-39—100)
140.6
_
Pork
531,180,855
119.024,548
ductors
"Appointments to Federal posi¬
of
IN
1943
car-service
Miscellaneous
provisions.
759,093,660
766,625,388
receivable.
balance
Met
are
of
needs
735,817,040
127,658.511
170.943,352
bills
and
balances
a
made public on
COSTS
Apr. 20
ALL FOODS
$448,070,410
938,908,071
Traffic
service have been met.
more
FOOD
\ Commodity Group-
invest¬
Special deposits
Loans
V™\
•
living costs rose by only-small amounts
Prices of clothing'were up 0.2% on the
average
housefurnishings ahd for fuel, electricity and ice. On
hand, the. fairly sharp advances of recent months were
for medical care, barber and
beauty shop services and
"motion picture admissions. Charges for hospital rooms were
higher
Beef
$464,740,713
$544,958,245
—
cash
Savannah
%\,
the other
Meats
ments
full
Two
-
increases for
-
1,064.818,686
Temporary
in
Minneapolis.
continued
com¬
;
between
ibecause of slight increases for men's wool suits and coats
and for
women's percale house dresses in some cities.
There were smaller
Cereals
'
than
etc.,
panies
ington 25, D. C. office and will be
United
in
differences
ranging from nearly 29%
"Aside from food, other
Balance at end of March
1942
1943
stocks,
■
ILoans and
Railroads
marked
January 1941
19%
1.64
;
Railways Not in
Balance at end of March
•'
Traffic
are
also
are
since
•
_
in
in Mem¬
For all living
cities, with ad¬
in 8 of the 21
and equip.),
of
income
.Civil Service Commission's Wash¬
12%%
356,077
152,352.430
47,360,350
appropriations:
lo¬
cated, the forms must be obtained
from the regional director.
Ap¬
plications must be filed with the
x
379,495
153,863,675
preferred stock
of
there
about
Lamb
gional headquarters offices
tions
111,112,604
121,707
52,224,566
87,007.603
Jash
tities where the Commission's
these
109,659,959
Selected Asset Items—
"Copies of the announcements
giving further information regard¬
ing the positions, and application
forms, may be obtained at firstand second-class post offices.
In
with
37,035,288
130,616
52,152,828
84,651,085
Investments
combination of
training'and experience equaling
2 years is required.
are
40,883,749
costs
to
(Indexes,
years of appropriate study or ex¬
tions
43,824,221
Class I
had
have
service.
until
15,067,571
36,686,862
(way
charges
"Accounting and auditing assist¬
positions paying $2,433
are
also urgently needed in the
accepted
.,15,335,350
roads
charges
common
On
IRatio
ants to'fill
or
249,617,357
______
Federal income taxes
On
urged to apply.
perience,
370,190,860
in Knoxville and 59%
phis and Norfolk to 35% in St. Paul and Minneapolis.
35,231,900
during the month.
structures
Dividend
enough qualifying experience are
Government
99,584,916
:
for
leased
Amortization
j
greater responsibility.
There
are no age limits" for this Exam¬
who
$221,681,981
vances
tNet income
broker¬
of
Women
139,160,431
projects
limited.
For the
$3,163 grade, applicants must have
had at least 3 years of qualifying
experience.
The higher grades
will require additional experience
ination.
7,296,524
deductions
Contingent
is
houses
age
256,913,881
6,801,170
charges
Depreciation
confined to audits
of commercial
376,992,030
2,549,206
Total fixed charges—.
Inc. after fixed charges
public accountants whose experi¬
been
102,134,122
2,541,461
equipment
Other
experience or
with
manufacturing cost experience are
particularly desired. The demand
for accountants with commercial
or
mercantile
background
and
has
141,701,892
"Interest deductions
,
with
diversified
ence
35,932*263.
deductions
for
and
public ac¬
auditors
and
countants
Rent
"The advance ranges from 61%
1942
11,562,429
Fixed charges:
Industrial
shown.
be
1943
$129,647,037
12,054,855
available
fixed
For the 3 Months of
.
•J
,
$341,059,767
income
Income
.
$90,571,693
Total income
but
ment
income__«.
Miscellaneous
"No written test will be given
.
1942
1943
Rooms
Apr.
Restaurant
New York City__
Chicago
'
Philadelphia
Washington
+
+ 16
+
Cleveland
+ 16
+ 10
Detroit
+ 27
+ 22
+ 33
+ 39
+ 45
+ 36
Pacific
Coast__.
+
30%
32
+ 42
32%
Food
1943
Beverages
27%
Apr,
1942
Rate
Increase
or
Deer.
+ 27%
+
87%
71%
+
+ 30
+ 33
+ 32
+ 37
82
70
+ 11
+ 34
+ 53
+ 43
+ 70
82
66
+
8
+ 20
+ 19
+
24
91
88
+
5
+ 21
+ 23
+ 18
88
80
+ 35
+ 30-
88
78
+
8
+ 33
+ 30
87
68
+
13
+
'
9
•
•
27%
+
8%
0
<
-
Mainly because of continued advances in food prices, especially Texas
+ 35
+ 48
93
+ 28
81
+ 47
+ 38
+ 12
for fresh fruits and vegetables, the cost of living for city workers All' Others.
+ 22
+ 23
80
70
+ 17
+ 32
+ 26
+
3
rose 1.1% from mid-March to
mid-April, Secretary of Labor Perkins
+ 27%
+ 27%
+ 24%
+ 29%
+ 33%
71%
83%
+
6 %
reports.
Toward the end of the period covered by the report the
President issued his "Hold-the-Line" directive. "This increase, some¬ Year to date
+ 30%
+ 32%'
+ 38%
+ 26%
83%
+ 34%
•
71%
+
7%
what smaller than in the previous month, brought the level of all
tThe term "rates" wherever used refers to the average sales per
occupied room
.•!'•/.
'. .;
living costs to 124.1% of the 1935-39 average, 23% above January and not to scheduled rates. "Rooms and restaurant only. V
1941, base period for the Little Steel formula," she said.
Accompanying the June issue, of the. "Hotel Accountant," the
Secretary Perkins further explained:
*
* firm sent out its annual
study covering 1942 hotel operations show¬
"Food costs, the most important part of the family budget, were
ing an average return for the 100 hotels on which it is based of 6.4%;
up 2.3% from March to April,
On the average, consumers now pay, It is
In the first five months of 1943,
.
Class
I
more
revenue
railroads performed
than
ice
in
ton-miles
the
same
of
23%
.
serv¬
period
of
.
1942.
Compared with the first five
•
months of 1939, the freight serv¬
_
ice performed
.
by American rail¬
,
roads in the first five months of
1943
was
143%
greater.
$1.40
March to
ton-mile statistics for the
first five months of 1943 and 1942:
Revenue
.
emphasized that the return
$1.00
in
the
years
1935-39.
From
on
investment is before deduction
mid-
of income and excess profits taxes;
The returns in the four prior
in the previous month, prices of fresh fruits years Were:
1941, 2.52%; 1940, 1.83%; 1939, 0.41%, and 1938, 0.67%.
and vegetables advanced with particular rapidity, on the
average,
In its bulletin, commenting on the study, Horwath & Horwath
rising 10.5% to, a point 51% above April of last year.
"Prices of cabbage were up 24%, onions 20%, apples 19% and state:
}
r
;
\ '
>
[ -)
\
sweet potatoes 31 % over the month.
Prices of certain vegetables
"All things considered, the first year of the war was a good one
declined seasonally—14% in the case of carrots and 2% for spinach. for.
hotels, if a hard one for operators.
It was made difficult by
Prices of white potatoes, which were already
growing scarce in April, ceilings on' room rates, by the scarcity of labor and materials, and'
rose-14%% to a level 61% above April of last year and 173%' above the" beginning of rationing.
But there was a tremendous pick-up
January 1941.
in 'patronage as the result of the war activity, and of course it is
The following table summarizes
revenue
for food which cost
.
mid-April,
as
.
Ten-Miles of Freight
4
*
-
(000
omitted)
%
1943
'First
1942
Inc.
mos._170.793.306
132,025.560
29.4
Mo.
of
Apr
*59,500,000
Mo.
of
May
t61,000,000
49,997,495
54,270,231
12.4
Total 5 mos.291,293,306
236,293,286
23.3
3
19.0
*
•Revised estimate. t Preliminary estimate.
,
"Prices of fresh fish also increased further by 7.7% during the
a level 30% higher than a year
ago.
Fish is now twice as
month to
expensive
as
it
was
before the
war.
Most other food costs continued
more
interesting to
run
humming business than
a
one
barely poke along, even though the brisk pace may not
progress
financially."
-
-
which
mean
can
much
Volume
Company and Issue—
Notices/
preferred and common stocks called for redemption,
including those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
due
debentures,
Arizona
'fvdue
Power Corp.
1950
1st' & ref. mtge. bonds, 5s
& 4'/2s,
cumul. preferred stock—Jun
1st
1
30
>
6% conv. ref. mtge. bonds,
r
Bayway Term. Corp., 6%
Bethlehem Steel Corp.—
-
1
—July
,.
due 1950—
1928
2143
2210
Aug 2
1957_July 1
7
1
15
29
•
1
2146
1
1553
1
2346
2146
1
1
30
,
6s,
due
July 1, 1946—July
1st mtge. 5s,
1
1
1
1
1
Air
*
1741
(In
Sep
2147
1941
2346
1
1
Class
Lehigh Valley Coal Co.—
1st and ref. mtge. 5% bonds, due
Aug
Lexington Ry. Co. 1st
Long-Bell Lumber Co.,
Aug
July
July
July
3'A%
due
Marcy
County
1966
Gas
Electric
July
Corp.
class
cash or
6-25
7- 6
7- 6
6-19
6-25
6-25
12'/2c
7-12
7- 2
$1
75c
50c
f$l'/4
$1
6-30
6-16
6-23
6-18
7-1
6-19
70c
25c
$l'/4
$l'/2
75c
6-24
6-22
6-19
30c
7- 1
6-29
7- 1
7- 1
7- 1
7-31
7-31
'< 3c
; 7-15
.' .6-30
50c k
7-15
6-30
20c
25c
25c k
7- 1
y 6-25
7-20
7- 7
7-20 k/ 7- 7
7%
Potash
Thermos
American
Wire
Apponaug
Co.
Steel
Apollo
6%
2152
Atlantic
2252
Atlas
1
7-
6-24
Goodman
1
$1
6-30
6-30
6-
7-
1
6-19
6-26
6-19
20c
7-
1
6-29
$114
7-
1
6-19
$2
7-
1
6-15
:'($138
8-
3
7-
2
7-20
7-
9
$3%
(quar.)
$2
Gorton-Pew
1
6-24
6-30
6-24
6-30
6-24
"C-2"
$3.20 class A
7-
1
30c
$5.33
6-24
$6.12
7-10
8-2
6-24
(quar.)
(liquidating)
Telephone
Ben
Hur
Benson &
1746
Best
1
6-25
7-
1
6-25
433/4C
7-
1
6-23
6-30
6-30
Bourbon
July
1
*
July
1
1850
July
1
2352
July
1
2352
Yards
Stock
6%
2352
2155
2050
*
1
*
1366
2353
1653
«
*
2052
(N.
Y.)
2
7-10
6-30
6-23
1
6-23
7-15
6-30
6-28
Registered
6-18
Canadian Light
Cannon Shoe
pfd.
$3
6-28
6-24
Jeanette Glass; 7%
$$1
6-30
6-15
Jenkins
tl5c
6-30
6-15
138c
Carborundum
Carreras,
Amer.
•v
7-15
6-30
7-15
6-30
Kansas City
1
6-19
Kansas
6-19
6-10
(quar.)—
Kansas Power & Light, 4'/2%
8-
1
7-21
5
k;50c
9-
1
7-15
ks
6%
6-30
1
6-21
6-22
6-25
5-25
3c
"
7c/c
2
$1
—
Amer. depos. rects. for xlass JB- ord. regis.
(Interim!
———:
Lockwood
Central
8-
6-25
5-25
1
6-21
^
:
rets, for class A ord. regis.
(Interim)
Case
1
7-15
7-
States
&
Brainard
Electric,1
(quar.)
pfd.
($100 par)
1565
6Vo
preferred B
($25 par)
2257
6%
preferred C
(accum.)
$2'/2
7-
(accum.)
(accum.)
(accum.)
43 %C
6-30
6-15
$0.10937
7%
preferred A (accum.)
preferred B
k
7- 1
6-15
7- I
6-29
6-29
6-29
6-15
6-30
6-15
37'AC
6-30
6-15
$0.09375
6-30
6-15
$0.09375
6-30
6-15
6-30
6-12
•
6-25
6-22
$1%
$1
25c
6-1
6-23
6-18
6-18
6-18
25c
6-30
6-22
20c
50c
$2
$l'/2
$1%
$l'/8
10c
15c
25c
7- 1
7-15
6-30
7- 1
7- 1
7- 1
6-29
7-31
7- 1
6-24
Keyes Fibre, 6% prior preferred (quar.)_—
$l'/2
Kobe Inc., 6% preferred B —
—30c
Laclede-Christy Clay Products.com. (quar.)
15c
7-1
7- I
7- 1
6-21
$l'/2
6-21
60c
7- 1
6-30
,:7-1
6-30
8- 2
6-30
$3
$3
40c
6-30
12-31
,-,7-26
t2c
8-14
7-15
7'/2c
7V2c
87'Ac
7- 1
.7-1
6-19
6-19
8- I
7-21
$7
Service
Co.
(quar.)—
Title & Insurance (s-a)
Co., $6 preferred (quar.)
—
Power
preferred
Kawneer
Kendall
6-30
6-30
10c
^
7-21
6-15
6-15
6-15
6-15
6-15
$1%
$1 Va
(s-a)_l
8- 1
7-1
6-30
6-30
7- 1
7-1
15c
Stephans & Shinkle Shoe
Julian & Kokenge Co. ___,
9-
6-19
6-19
$1%
Johnson
+50C
6-22
6-30
7- 1
7- 1
$2'/2
preferred (quar.)_—
Johnson
6-30
25'Ac
Co.
1%
6-30
Ltd.—
depos.
'
6-30
7-15
$l'/2
;
6-30
7- 2
-
founders shares
Co.
(quar.)
pfd. (quar.)—
—
Kellogg Switchboard & Supply,
(accumulated)—
■'
Non-voting common
Investments—
(quar.)_"
Brothers,
18- 2
J15C
6-21
7- 1
6-30
87'/2c
$l'/2
43%c
40%c
$l'/2
preferred (accum.)__—-
18- 2
10-
6-30
8-14
8-14
6-23
,7-15
6-23
k 9- 8
6-30
6-23
7- 8
6-16
7-15
6-21
30c
30c
Tel. (N. Y.), 5% class A (s-a).
& Co. (quar.)—
k_
120c
10c
9-15
7- 1
62'/2c
$3%
(C., E.)
$1%
1$2
6-30 k
9-15
7-15
non-cum.
Jamestown
,
6-19
6-15
6-24
30c
75c
25c
preferred.(reduced)——
pfd. (quar.)
Subject to the approval of the S.E.C.—__
Interstate Telephone, $6 pfd. (quar.)
Iowa Electric, 7%
pfd. A (accum.)
6V2% preferred B (accum.)
Iowa Power & Light, 6% preferred (quar.)__
1f/o preferred '(quar.)
—
—
8%
Jamieson
7-
6-30
7- 2
7- 1
..
Int'tional Util. Corp., $3.50 prior
6-30
37'/2c
7-15
6-18
6-18
7-9
6-30
t5c
—
(s-a)
preferred (quar.)___
Imperial* Life Assurance (Canada) (quar.)
Inter-Mountain Telephone, com.
((reduced)
1
17c
—
& Power
preferred
5%
7-
-
6-21
7- 1
7- 1
8-2
7- 1
6-23
7- 1 y; 6-25
8-16
7-24
8-16
7-24
Houston Natural Gas, common (quar.)
$l'/a
(quar.)
6-30
7- 1
15c
25c
75c
$1
(quar.)
(quar.)
•
(quar.)
.,
40c
(quar.)
;
k,
6%
Statler,
7-17
Investment, 8%. pfd. (quar.)
Co.
Hotels
6-16
(increased quar.)
preferred
Insp.
common
Honolulu Gas
1
Canadian Internat'l. Investment Trust, Ltd.—
5%
&
(quar.)
(quar.)
Light
'Chocolate,
8-
(irregular)
General
Haverhill Gas
1
•
Canadian
prior preferred
$$l'/2
(quar.)
California-Oregon Power, 7% pfd. (quar.)
6c/o preferred (quar.)__6% preferred series of 1927 (quar.)
California Water & Tel., 6% pfd. (quar.)
Canadian Foreign
5%
7-
Ltd., common (quar.)_
preferred B (quar.)
Tungsten Corp.
8-
7-
Boiler Ins.
7-14
Hatfield-Campbell Creek Coal Co.—
t$l'/2
Linen Mills, $1.50 1st pfd.
(quar.)
participating 2nd preferred (quar.)
Callite
6-15
$1
Cadwell
8Cc
1
1
30c
Business Systems,
non-cum.
7-
7-
$l'/4
(quar.)
(quar.)_
Newspapers,- 8%
Insurance
7-22
75c
s-a)
2nd preferred
Callaway Mills
2155
50c
(quar.)
Hydraulic (quar.)
(quar.)„—
Columbia Tel., 6%
1st pfd.
Buffalo
7-16
$1%
(quar.)
Warehouse
6-21
2
8-
50c
(increased
Co.
6-30
50c
Hedges, $2 conv. preferred (quar.)
Inc. (initial)
Brush-Moore
k
income bonds
43 %c
(quar.)__
Inc.
British
V
2255
2255
*
preferred
Bridgeport
Brink's
1652
$1%
Foods,
Blackhawk-Perry
1747
$1%
Steam
(quar.)
$4 convertible preference
7-
of Pennsylvania
Products,
Hartford
Light
9-18
k, 7-20 k 7- 9
8-2
7- 6
9-15
7-15
7- 1
7-15
7-1
8- 2
7- 1
Hollinger Consolidated Gold Mines, (monthly)
25c
Optical, common
5%
convertible preferred (quar.)
Beacon Associates, lr/o preferred (quar.)—_
Bell
Electric
Hershey
$l'/4
Bausch & Lomb
1745
Hartford
7-17
30c
28c
60c
v $1
683/4c
(quar.)______
Cooley
7-20
8-2
$1%,
$1%
15c
t$l3/4
75c
preferred (accum.)
Co.," $2.40 conv. pfd. (quar.)
Brothers
<
$20.80
(quar.)
7% preferred (quar.)
preferred (accum.)
Great Lakes Engineering Works
Great Lakes Power,. 1% preferred (quar.)—
&
8- 2
50c
50c
$l'/4
75c
Co.
Fisheries, Ltd.
Hart
7-15
10-1
25c
t25c
.
50c
Group Corpj, 6%
15c
7-
(quar.)
Goulds Pumps, 7%
Halle
7-15
25c
(quar.)
(quar.)
Gotham Hosiery Co.,
35c
20c
Mfg.
6-18
75c
$1'/b
$1
Goodyear Tire & Rubber, common
$5 convertible preferred (quar.)
1
6-18
$1(4
t.
Goodall Worsted Co.
7-10
1
>
& Transit
Goderich Elevator
9
7-
7-20
7-
S
Corp.
Gleaner Harvester
6-
(irregular)
(liquidating)
"C-l"
Series
2351
.
1
7-20
6-30
$2
Corp
Inc.
-
15c
convertible preferred
Mills,
6-30
7-1
6-30
6-30
75c-
(quar.)
(quar.)
Capital
General
6-15
7-19
25C
preferred (quar.)
Hydro-Electric
1
1
7-
2
(quar.)_____^.
____^
Gladding McBean & Co.
Bank Stock Trust Shares—
6%
July
8-
common
—^
Bronze
4Vzc/o
2
7-15
4.
Baking Co., common
$8 preferred
6
7-
15c
City Sewerage Co. (quar.)
5% preferred (accum.)__
1
4% debentures, due 1956
July 13
Pennsylvania RR.. gen. mtge. 4V4s, series E, due 1984—Jun 30
Phoenix Securities Corp., $3 conv. pfd. stock, series A__Jun 30
Philadelphia Rapid Transit Co. 5$
coll. gold bonds
of 1957
—
Jun 28
Poli-New England Theatres, Inc., 1st mtge. bonds, due
1958 ———
—
•
July 21
Radio Corp. of America, "B" preferred stock
July 1
Republic Steel Corp. gen. mtge. 4'/2s, series B, due 1961-Aug
1
Richmond Light & RR. Co., 1st & collat. purchase-money
mtge. 4% 50-yr., bonds, due 1952
July 1
Rochester Central Power Corp. 5%
gold debentures,
series A, dated 1928 —
July 21
Roman Catholic Bishop of Portland 1st mtge., series K
bonds, due 1958
—
July 14
Scovill Mfg. Co., 3'Ac!o debentures due 1950
__
July 1
Shawinigan Water & Power Co., 1st mtge. & collat. trust
sinking fund 4% bonds, series F, due 1961
—Oct 1
Shell Union Oil Corp., 2 3A% sinking fund debs, due 1961_July 15
8-
7-31
$3
8%
i
6-23
6-30
8- 2
6-30
6-30
6-30
20c
(quar.)
General Industries, 5%. preferred .(qhar.)___
General Machinery Corp., common
6-25
8-31
Extra
General
6-22
50c
Axe-Houghton Fund, common (irregular)
Class B common (irregular)
1745
6-30
7-12
25c
Light Corp.
;
General
1
50c
(extra)
Acceptance,
Bangor
6-22
50C
preferred '(s-a)
Autoline Oil Co.,
,*
7-
6-30
$1%
Wiborg Proprietary 5'/2 % pref. (quar.)
Austin Nichols & Co., $5 class A (accum.)
2253
7-15
75c
Ault &
1847
1847
3
25o
T
common
common
Co
Co.,
$3 convertible preferred
•General
7-14*
2
8-
$1
Attleboro Gas
1847
7-
7-15
20c
Common
fund
1st mtge. 4'/2s, due 1955
Panhandle Eastern Pipe Line Co.—
1st mtge. & 1st lien 3% bonds, series C, duo 1962
$1%
Cable Co
Gas,
Malting,
preferred
Gardner-Denver
.
preferred
Mfg., 7%
Edison
—.k__
.6-30
Co
Athol
(quar.) _______k_
&
Galveston-Houston
6-25
7-10
25c
Storage
of Omaha, 4%
6-30
15c
(quar.)
Western
Arkansas
2252
2252
2151
2045
2349
2046
„
$l'/2
(resumed)
&
4
common
(quar.)_:
Fuhrmann1 & Schmidt Brewing—
9-11
Bottle- (quar.)
Wringer
Anaconda
899
2151
2151
1
9
2
Nov 15
$1.20
7-12
6-25
(quar:)__
Sumatra Tobacco
(s-a)
preferred (quar.)
5%
preferred
Froedtert Grain
1
Co.
American
Series
1st mtge. bonds, dated 1936
Telephone Co. 21-year 4'/2% sinking
debentures, dated 1939
Old Colony Investment Trust—
Series A, 4'/2% debentures, due 1947
Frick Co.,
50c
American
2349
River Paper,
Fox
$1%
Seating
(quar.)
Fostoria Pressed Steel (quar.)
6-15
6-23
6-30
Smelting &'Refining,common
1st preferred
1%
Boston
Okanagan
1
1
(Wash., D. C.)
Georgetown
$1%
common
American
1
Norwell, Inc., 6%,
7-
7-
c*
—
Fyr-Fyter Co., class A__.„4
(quar.)
Chemical
&
Fire
6%
preferred '(quar.)
American
Axton-Fisher Tobacco,
2
preferred
7%
(quar.)—
(quar.)_:
Forge (irregular)—
Insurance
(Canada)
Drop
6-15
10-
American
■
6-15
1
1
50c
$1%
Filing Equipment Bureau, 4% pfd. (quar.)__
Firemen's Insurance Co. of Washington and
div. series of 1936)
1/32 share of class B
American Maize Products,
2252
1
1
7-
00
i$l%
Cleaner
Vacuum
Bearing
Federal
♦
Securities, $6 pfd. (quar.)
Casualty (Rich.) (quar.)
American Fork & Hoe, 6'/c preferred (quar.)
American Home Products Corp. (monthly) —
Boston
7- 5
8- 2
&
American Fidelity &
Aug
Paramount Pictures, Inc.,
37'/2c
Electric Bond & Share, $6 preferred (quar.)
$l'/2
$5 preferred (quar.) ___4
4_4
—_
$1'A
Electric Ferries, 6%. prior preferred (quar.)
$l'/2
Equity Trust Shares (bearer shares)—..
7c
Registered shares
—7c
U0c
4
Federal
7-
—_—.—:—
Dairies,
American
2150
2349
1
1
6-21
15c
American European
1459
1
1
1
3
6-30
.
75c
(Reading) (quar.)__
Light Corp.—
Co.
(opt.
A
1
1949
7- 2
6-19
6-19
Extra
Eureka
6-21
(opt. div. series of 1928)
37 'Ac in cash or l/64th share of class B
stock
'
i
Newport & Cincinnati Bridge Co. gen. mtge. 4'/2% 50year bonds
Jun 30
New York Central RR., 33A% secured bonds due 1946—Jun 30
New York Railways Corp.—
Prior lien bonds, series A, due 1958
_
July 1
Nice Ball Bearing^Col 1st mtge. 3%-5% bonds, due 1945_July
1
North American Co., 3% % debentures, due 1954
July 15
North American Co., 33A% debentures, due 1954
Aug 1
due
8-2
6-30
6-30
43%c
$1
t30c
(quar.)
.
3
7-
6-30
class A
stock
1
bonds dated 1925
July
Miller (I.) & Sons, Inc., preferred stock
;
July
Montana Coal & Iron Co., s. f. gold bonds due 1947
July
Mortbon Corp. of New York—
.
Collateral tr. mtge. bonds, series D, due 1956
July
Munising Paper Co., 1st mtge. 5s, due 1947
July
Nanaimo-Duncan Utilities, Ltd.-—
1st mtge. 5'As, series A, due l964
July
New London Northern RR. Co. 1st mtge. 4%
extended
bonds of 1955
July
Paducah & Illinois RR.,
6-30
-
Chepiical, 5'/2% pfd. (quar.)
Early & Daniel Co., common—
7% preferred (quar.)
;
.%
Eason Oil, $l'/a convertible preferred (quar.)
—
Cities Bower
34%c in
2042
1
7-
7-15
50c
A
•_
conv.
$2.75
July
unstamped bonds
Theatre Corp.
6-30
6-30
7-30
7-^30 '
Mfg. —4
Telephone
(Joseph) vCrucible_-__
Dominion Tar &
—
1st mtge. 3'As,
i——-—
Mercantile Properties, Inci—
Secured sinking fund 5'/2%
Orpheum
6-7
7-24
6-25
6-18
6-23
6-25
7-10
(s-a)__
Fall River Electric Light
25c
tquar.)__,_
(extra)
B
7-15
25c
7-15
7-15
7-6
7-1
7- 1
7-26
Fafnir
5c
class A
Co.,
Bakeries
Casualty
$3
3'As,
—T
&
25c
50c
2c
$1
5c
15c
25c
.
6-30
25c
iquar.)__
4—
American
Louisville & Nashville RR.—
Luzerne
$1
37Vic
7-1
,8- 2
7%
Dominion Oilcloth & Linoleum, Ltd,
of Reo.
7-10
6-22
6-30
8- 5
7- 2
7- 2
25c
$3'/2
pfd.
Dixon
HolderI
25c
(Pgh.)
Insurance
American
2251
-
-
6-28
6-30
6-23
7-6
—
—
:
Publishing,
Diamond State
When
10c
—
A
Class
1742
July 1
Aug 1
pfd. stock-July 31
series A, 1
Due
1949
July 1
Koehring Co., 10-yr. convertible bonds dated 1935
July 1
Kresge Department Stores, Inc., 4% preferred stock
July 7
1966
7-1
7-10
7-10
25c
65c
$1%
(quar.)——4———4
(quar,) 44—
Corp.—,—'
(jbetrdit^Gasket
Pav'ble
Share
(quar.)
Co.
Fire
American
2042
1
Reduction
'
2249
2041
1st mtge., series A 4'A% bonds, due 1959
Co., 1st mtge. 5s, due 1946
Keith-Albee-Orpheum Corp., 7% cumul. conv.
Kewanee Public Service
Co., 1st mtge. 6s,
due
6-21
Cypress'Abbey Co.
Dayton Si Michigan RR., 8'}'a pfd. (quar.).~
De pinnft "(A.) Co:, class *-4—4
6% convertible preferred (qu$r.)
Supply Mfg., class B
Extra
2249
1
1
Kansas City Gas
extended unified intge. bonds due 1950
Unified mtge. 4% bonds, series B, due 1960
Luzerne County .Gas & Electric Corp., 1st mtge.
7- 1
6-28
7-15 '
8-20
7-26
7-15
pfd. (accum)
v
Extra
——
1944
mtge,' 5% bonds, due 1949
preferred stock
>
r
Allemania
Corp.-Schulze Baking Co., 1st mtge.
k—
1945—
6-30
7-1
6-24
$l'/2
$4
15c
(Formerly known as Cohen & Rosenberg)
.
Creamery Package Mfg.
1
v
Aero
due
Wfit.Pi*
7%
Cropely
Name of Company
1
1955
Jun 30
Hartford-Aetna Realty Corp.—
1st mtge. 4'/2% bonds due 1952
July 1
Healey Petroleum Corp. 12-year 5r/o s. f. debs., due 1948-July 1
Higgins Industries. Inc., 6 % preferred stock
Aug 1
Hotels Statler Co., Inc., Buffalo, N. Y., 7% pfd. stock—Jun 30
Houston Oil Co. of Texas, 4'A % debentures, due 1954—Aug
1
International Paper Co., 1st & ref. 5s, ser. A and B
July 1
International Power Co., Ltd., secured debs., series 1955_July 2
International Rys. of Central America—
1st lien & ref. mtge. 6 Vz% bonds due 1947
Aug 1
ITttnlrflkpP
7-15
8- 2
7- 1
Coro, Inc.,—-
The dividends announced this week are:
Ry.—
Interstate Bakeries
1
2260
Crosse & Blackwell, $1 partic. 1st
Per
Co., 1st & ref. mtge. 4'/2s
July
Consumers Co. of Illinois, 1st mtge. 5s, due 1956
July
Du Mont (Allen B.) Laboratories, Inc.—
10-year conv. 5% notes, due 1949
July
Empire Power Corp,, $6 cumulative preferred stock
-July
Evangelical Synod of North America, Illinois (Elmhurst College)
1st mtge. 4s, dated 1937
July
Evanston Bus Co. 6% income bonds due 1962-—,
July
General Public Service Corp., 5% conv. debs., due 1953—July
Georgia-Carolina Power Co., 1st mtge. 5s due 1952
July
A,
2056
past dividend payments in many cases are given
in our "General Corporation
and Investment News Department" in the week when
1647
July
1967
series
10c
$3
y 25c
—k.
Refining, common—
preferred (quar.)
'
1
the company name
under
2146
2146
Connecticut Ry. & Lighting
Hamilton
7-1
6-24
6-15 y
6-15
6-15
6-25
(Irregular)
Co.
Corn Products
3056
1
Rendering
Corp of Amer.—;
Container
are,
declared.
debenture bonds, due 1952
July
debenture bonds, due 1952
..
July
Commercial Investment Trust Corp.—
$4.25 series of 1935 convertible preference stock
Jun
Commercial Milling Co. 1st mtge. 6% bonds, dated 1928-July
Connecticut Power Co. 1st & gen. <intge. 3'As, series B,
4% conv. bonds, ser. G, due
By-Product Coke Ovens, Ltd.,
7- 1
7-1
7-1
7- 1
Consolidated Royalties, 67c preferred (quar.)
ord of
July
23-year 5%
Northern
Consolidated
903
grouped in two separate tables. In the
first we 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
which have not yet been paid.
Further details and rec¬
Dividends
2345
2345
bonds dye 1954_July 1
4Vis, series A, due 1980—July 15
Gen. mtge.
6-22
7-1
7-10
6-23
50c
903
DIVIDENDS
*
28
25-year 5%
Great
7- 1
8- 2
7-20
7- 1
(quar.)—
Consolidated, Dry Goods (resumed)
Consolidated Machine Tool, $8 1st pfd. (quar.)
♦Announcement in this issue.
Columbia Gas & Electric Corp.—
due
7-15
50c
75c
25c
75c
4
.
2
2
—
2037
2037
*
1360
1
1
gen. mtge.
Colorado & Southern Ry. gen.
50c
12'/2c
$l3/4
25c
25c
6-27
'6-19
6-30
'
Participating
Crowell-Collier
:.
Colonial Steamships, Ltd., 6%
6-30
9'*
/
Community Frosted Food—
1st participating preferred
(s-a)—
Connecticut & Passumpsic RR., 6% pfd. (s-a)
...
,
dated
.
$1
Credit Utility Banking, class B
f. 3'/4% bonds, ser. F., due 1959. July
Burdines, Inc.. preference stock
—:
July
Butler Hall 1st mtge. bonds, due 1947—
—
July
Caibarien-Remedios Water Works Co., 1st 6s, due 1945__Jun
Canadian Food Products, Ltd., 6<7o debentures
;
July
Cassco Corp., 1st mtge. 6% sinking fund bonds
Jun
Century Parkway Corp., gen. mtge. 6s due 1956
Jun
Chicago & Western Indiana RR. Co.—
1st & ref. mtge. 4'/4% series D bonds, due 1962
Sep
Citizens Independent Telephone Co.—
1st 4'/4s. series A, due 1961
July
Cloverland Dairy Products Co., Inc., 1st mtge. 6V2 %
bonds,
Commercial Trust Co. of N. J.
-July
July
.
—.———
inc. 2d mtge. bonds due
;
2355
•
,
Consol. mtge. 20-yr. s.
,
2008
1
Sep
due 1943
2158
2259
.
2142
6-19'
4—
1
Valvoline Oil Co.—
15-yr. I'/o gold debentures extended at 5c'o to 1947—Nov
Preferred stock
—July
Wisconsin Public;Service Co. 1st mtge., 3'As, due 1971—July
Wood, Alexander & .James, Ltd., 1st mtge. 6s, dated
1924
i.
—Aug
—
Topeka & Santa Fe Ry.—
California<rArizona,Lines, 4'/2% bonds,
Axton-Fisher Tobacco Co.,: class A stock
Baldwin Locomotive Works—
7- 1
.«
preferred (quar.)
$1 participating
.
Atchison,
6-23,
7-
433/4C
\
s-a)—--4———4—
Collyer Insulated Wire
Columbia Baking Co.; common
2355
of Ree.
6-30
8- 2
Paper,
Aug
4Vz%
\
1752
series A,
5s,
mtge.
____
fst mtge. gold bonds, series A, due 1948.:
1st mtge. bonds, series C. due 1949
5%
2158
Grain Growers Ltd.—
United
1737
'
Au&
1-
__
Associated Investment Co., 5%
-
Ltd.,
Corp.,
Aik.—__—•_
'
1956
due
'
Jun 30
bonds, series A, dated 1934
Collateral trust 6%
1853
————A—July 1
—
,
Amusement
United
1417
2141
1
1
American Utilities Service Co.—
'
1952
due
,
Aug.
stock-July
1953—
American Central Mfg. Co., 4% cumul. conv. pfd.
5%
2208
1737
2141
1737
1
h
Aug
July
debentures, due 1951—American Bemberg Corp., 7% preferred stock—-r_
American, British & Continental Corp.—
Corp., 4'A%
Allied Stores
2052
Payable
30c
70.c'
(irregular)
4'/27c preferred (quar.)—
Churngold Corp. (resumed)—
—_i4——
Cleveland Union Stock Yards (quar.)
Clinchfield Coal. 7% preferred (quar.)
Coca-Cola Bottling (St. Louis) (quar.).—
Cohen
(Daniel) Co.
(quar.)—
2052
1
1
$20 preferred stock
Standard Bleacheiry &-Prlnting Co.—
15-year 5'A % bonds, series A, due 1946—
i
July 1
Tennessee Coal, Iron & RR. Co., gen. mtge. 5s, due 1951_July
1
Terminal RR. Association of St. Louis, gen, mtge. ref.
4s, due 1953—
j.
—;____July 1
Thompson Products, Inc., conv. prior preference stock—Jun 30
Union Terminal Co., 1st mtge. 33A%
bonds, due 1967—Aug
1
Union Traction Co. of Philadelphia 4%
50-year bonds,
in
V (Reduced
Chilicothe
July
July
i—
Southeastern Greyhound Lines,
Page
Date
Aircraft Accessories Corp., preferred stock, par $5
July 30
Alleghany Corp., collat. trust conv. 5% bonds, due 1944_July 3
non-convertible preferred stock
6%
thare
■
Chicago Railway Equipment, 7% pfd. (quar.)
Citizens Bank of Brooklyn
(N. Y.)—
2052
1
Name of Company
g
Chapman Ice Cream Co. of Calif,
Chase National Bank (s-a)
2258
k:,--*.-*-.——July 1
y 8% convertible preferred stock—
Holdcrt
•
2157
1
bonds, due 1949-—,
—.——July
Inc., '2%r/o debs, due 1955
July
Greyhound Lines,» Inc.—:
v
k
trust
lateral
Southeastern
vVAen
Per
2353
1
1
col¬
Hospital and Seton High School 1st & ref,. mtge<
2407
,
Page
Date
-•
debentures, due 1950—Aug
Socony-Vacuum Oil Co.,
of corporate bonds, notes,
Company and Issue—
'•
■.
t
City Service Co., 1st mtge. 6?<> bonds, due 1951—July
Sisters of Charity of Cincinnati, Ohio,- Good Samaritan
Sioux
V
ing tenders, and the page number gives the location
which the details were given in the "Chronicle."
,
Sinclair OilCorp., 12-yr. 3%%
Redemption Galls and Sinking Fund
Below will be found a list
CHRONICLE
THE COMMERCIAL & FINANCIAL
'■
Number 4189
157
Refining
common____
—
—
6%
preferred Xquar.)_—
Laclede Steel Co. __4—___4_,
.
Lafayette Fire Insurance (New Orl.) (s-a)
Landers Frary & Clark (quar.)
—__
Lane Bryant, 7#>
preferred (quar.)
Lawyers Title Insurance (Va.), common
8jo preferred (Sr&)
—________
8%
preferred (s-a)—
■Lehigh Coal & Navigation.
__________
Leitch Gold Mines, Ltd. (quar.)
Liberty Loan Corp. class A (quar.)—__—
Class B (quar.)__
:
$3'/2 preferred (quar.)_
35c
$1%
37"/2c
$1%
■
.
7- 1
6-15
6-21
6-21
6-19
" 6-23
7- 7
6-19
6-24
6-19
6-22
6-17
6-18
7-15
6-21
6-21
12-21
7- 3
2408
THE COMMERCIAL & FINANCIAL
''X;x f '
,Name of Company
Life
Insurance
Lincoln
Tel.
Class
5%
B
Co.
(Del.)
(quar.)—.
preferred
Candy
Lord
&
'■
^
v
Taylor, 8% 2nd preferred (quar.)__
Bleachery, Inc.
Central
(B.), 7%
preferred (quar.)—
Manning Maxwell & Moore
7-16
Southern Acid & Sulphur,
Common (irregular)
6-21
Southern
Southern
Berkshire
Southern
7- 2
6-30
7-
6-19
1
*7-
7%
,
'
37V2c
1
7-15
6%
8-1
7-1
Steel Co.
8-2
7-15
*<J-' 8- 2
7-20
8-1
7-12
-
50c
6-5
7-15
7- 3
7- «
6-26
7-15
7- 2
(irregular)—.
-1 20c
6-10
5c
7-1
6-15
X-
5c
7-15
$38c
(quar.) ——„50c
Corp of America— * \
'
1931) 6% preferred (quar.)——__
15c
Mining
&
Quarterly
5%
preferred
the
was
2nd
3%
non-cum.
National
Fire
(quar.)—
Co.
York
Niagara
7-20
6-30
7-1
6-24
'
Fire
Insurance
(quar.)
(quar.)—
Insurance
Western Ry.,
Texas
Co.
(N.
Central
Northern
Illinois
common
.
XiXl
preferred
Northern
Power
Noxema
Nat.
Chemical
United
9-10
8-10
6-30
8-21
7-22
6-23
•
25c
6-30
6-30
,
Corp.
$1%
7-14
6-30
7-14
6-30
7-14
6-30
7-20
6-21
7-
1
6-24
8-
2
7-13
8-
2
6-28
(quar,)
20c
—
25c
50c'
$iy2
12y2c
(quar.)
$1
25c
a.
6-10
6-
7-
1
50c
2Vic
7-15
7-10
t75c
8-16
7-16
Pennsylvania Electric, 5.10% pfd. A (quar.)
Petroleum & Trading—
$1V4 participating class A (accum.)—
$1.27J/2
9-
1
4%
Root
& Clinton
R.R.
Petroleum.
Russell-Miller Milling,
4y2%
St.
St.
preferred
Croix
Paper
Sanborn Map Co.
San
Jose
Water
San-Nap-Pac
70c
7%
preferred
$2
$2
pfd.
convertible preferred
Security Storage Co.
7-15
6-30
7-20
6-30
7-20
6-30
<
6-30
7-15
.9-
5-25
7-23
91
8-10
10-14
9-23
$1
7-
1
7-
1
7-
1
6-18
7-15
6-30
$iy2
(quar.)
7-
6-21
7-1
$1
6-21
$1
$1
6-21
1
6-25
6-30
7-
6-23
1
6-23
7-15
7- 3
(accum.)
}25c
$1
X
7-15
6-30
7.
j
6-22
7-15
6-30
7-15
6-30
6-15
6-15
15c
7-15
7-1
irreg.)__
17i/2c
3c
(s-a)___I
$iy4
common
25c
25c
II
$13/4
Mfg. Co
Corrugating Co.
(irregular)
6-30
6-19
6-30
6-23
7-
6-26
8
7-15
6-25
Below
announced
this
7-15
American
American Zinc
4%
class
B
30c
preferred
preferred (quar.)
(quar.)„
-
Express
(J.
D.)
1
3-31
7-
1
7-15
7-
1
$3
(s-a)__—
7-15
$1
7-
(accum)
t$3ft
r«
Co
1
6-19
7-24
$lft
—
Adams
10-
$1
—
Abercrombie & Fitch, $6 preferred
Abraham & Strauss (irregular)
Acme Glove Works 6y2%
Co.
2
6-18
Securities
(Irregular)
5%
Affiliated
(Hartford)
Insurance
preferred
Co.
6-18
40c
7-
1
6-17
30c
7-
1
6-
(quar.)
7-15
6-30
6-30
6-20
3c
preferred
(quar.)
Corp., 5% pfd.
Ludlum
Steel
Steel
7-15
6-30
t$l%
7- 2
5-31
preferred
Products
Class
Allied
5%
A
$lft
Co.
1
6-21
7-
1
$lft
12-29
12-18
(interim)
$2 ft
Common
7%
7.
2
2
$87y2c
7-15
7-
10c
6-30
6-22
6-30
6-22
50c
6-30
6-22
$1
7.11
7.
5
Common
35c
of
50c
—
,
Manufactures,
common
$1%
(quar.)
(quar.)
6-
1
6-10
6-19
7%
7%
preferred
1
6-23
6-28
6-14
i.
Amalgamated Sugar Co. (quar.)
Agricultural Chemical
Canada,
pfd.
quar.)
com.
6-21
.
'
6-30
6-
1
6-30
6-
1
6-30
6-21
6-30
5-31
7-1
5-31
i$i%
.
$ift
$1%
,9-1
1
8-13
37ftc
6-30
6-12
$lft
6-30
6-12
9-
37ftc
8-13
6-22
25c
6- 5
8- 2'
$2 ft
6-25
7-10
6-30
1
6-11
_X—————
$2 ft
7-
1
6-11
Light, 6% pfd. (quar.)—
City Fire Insurance (quar.)
Atlantic Coast Line RR (irregular)
Atlantic Coast Line (Conn)
(irregular)
Atlantic Rayon Corp., $2.50 prior pref (quar.)1
$lft
7-
1
5%
preferred
Atlanta
(s-a)—
1—
„
(s-a)
—
Gas
Atlantic
$2.50
prior
preference
(quar.)—
7- 1
6-17
6.-30
6-10*
Automobile Insurance Co.
.7-1
6-10
Quarterly
Avery (B. F.)
8-
1
6-30
7-
1
6-16*
10-
1
9-16*
conv.
6-30
6-15
50c
9-30
9-15
12-31
12-15
6-30
6-15
$1%
9-30
9-15
$1%
12-31
12-15
7-10
6-10
(accum.)
50c
6-28
6-18
7-
6-16
1
6-29
6-15
.-Vi
'
l
•,
6-11
6-30
6-19
$lft
6-28
6-
$lft
6-30
6- 4
62ftC
2
2
8-
62ftc
11-
1
$3
.
(s-a)_.
pfd.
Co.,
Automobile
$iy2
50c
7-
1
_
6-19
Refining Co.—
6-30
!
1
7-
preferred
7-20
'J
6-23
7-
$2 ft
5%
4%
•/
x"
——
——
Automatic
t
1
t25c
(quar.)
Astor Financial Corp., 75c cum. 1st
pfd. (s-a)
Atchison, Topeka & Santa Fe Ry. Co.—
5% non-cumulative preferred (s-a)
Athey Truss Wheel Co.
Atlanta Birmingham & Coast RR—
Autocar
I
6-21
7-
10c
(
6-15
|30c
V
1
$20c
(quar.)
7% preferred (quar.)
—..y—_
Associated Dry Goods, 6% 1st pfd.
(quar.)
7% 2nd preferred (quar.)
Associates Investment, com. (reduced)—:
5%
7-
UOC
6-10
30c
6-26
25c
com.
6-10
(Del.)
1
50c
Extra
Ashland Oil & Refining,
Associated Breweries of
1
5c
7-
50c
Corp. (quar.)——
Asbestos Corp., Ltd. (quar.)
1
(interim)
(quar.)
Amalgamated Electric Corp., Ltd.,
Amalgamated Leather,
6%
pfd.
6-23
6-23
7-
Corp.
1
50C
1
6-15
6-23
$1.75
(quar.)
Constable
7r
-
6-30
6-30
12ftc
preferred
$lft
r
6-21
5C
_———
1
$1%
.
1
6-15
20c
:
7-
6-15
7-
50c
6-21
1
7-
(quar.)„
6-18
1
1
50c
(quar.)
6-15
6-30
7-
7-
$3
A (quar.)_—
preferred (quar.)
Machine (irregular)
$1
Banking
8-
2
7-
75c
7-
1
6-18
25c
*
Voting
7-
1
6-21
6
(Phila.)—
X
(quar.)—
(Hartford, Conn.)
convertible preferred
& Sons, 6%
Avondale Mills, common
37ftc
.
preferred
(quar.)
7-
1
6-21
25c
*
Canada, 5% pfd.
Mfg., common
7-22
$1
25c
—
7-
Atlantic Realty Co., $6 preferred
$1.50
6-8
6-30
$1%
Atlantic
.
1
6-16
1
$lft
6-24
>A
6-28
7-15
7-
15c
(quar.)—
6-23
•
6-12
& Light, $6 pfd.
(quar.)
preferred
6-30
25c
6-19
6-30
15c
6-30
$1.25
6-19
7-6
(quar.)—
6-23
Co.
7- 6
10c
preferred
15c
(quar.)
preferred (quar.)
t>
1
6-30
15c
7-16
2
$1
6-23
common
6-28*
8-
$3
6-30
(quar.)
6-15
1
75c
—
—
6-30
(irregular)
5-31*
6-10
7-10
$lft
common
$lft
common
6-15
1
7-
$2
.
(quar.)—
$1
X
7-15
7-
7- 1
m
50C
—
6- 4
6-30
,
7-
$3
preferred
American
7-
1
x":'.$ift
(accum.)__
Arundel
9-21
;
7-
7-15
Armour & Co. of Delaware—
6-21
1
America—
Goods
6-21
7-
10-
(quar.)
Aluminum
6.2i
6-15
1
$lft
(quar.)
Mfg.
of
Aluminum
1
7-
6-10
6- 5*
12ftC
(s-a)
20c
Co.
preferred
1
6-11
7-16
6-11
6-15
1
2
$lft
43 %c
Corp.,
preferred
Aluminum
Power
7-1
77-
$2.25
15c
Inc.
Corp.
Allis-Chalmers
6%
1
$lft
(quar.)
Stores
Aluminum
1
7-
8- 2
$3.70
—
(quar.)
Allied
7-
6-10
$lft
.
6-15
$ift
Alles & Fisher, Inc.
Laboratories,
1
$ift
—
.•
6%
7-
$1%
—
—
Allegheny
Allegheny & Western Ry. Co., gtd. (s-a)
Allen Wales
Adding Machine, com. (quar.)
7-
.
(quar.)
X
Albany & Susquehanna RR. (irregular)
Alberts Super Markets 6%
pfd. (quar.)
.6% preferred (quar.)
6% preferred (quar.)
6%
(s-a)_
.
Power, $7 preferred
preferred (quar.)
preferred (quar.)
Algoma
5
50c
Inc
Alabama
$5
5
$lft
common
75c
$6
preferred
(s-a)
Oil, 6%
Arkansas
6-10
6-19
$lft
(s-a)
prior preferred
Fuel
6-14
—
(quar.)
Arkansas
6-18
1
1
6-30
$2.25
preferred
7%
6-
7-
7-1
Inc.
preferred
6-31
•
$1%
Arrow-Hart & Hegeman Electric
Art Metal Construction Corp.
1
(quar.)
Fund,
5%
Arnold
1
7-15
&
Applied Arts Corp.
Arcade Cotton Mills,
$7
6-15
12ftc
Anglo-National Corp, class A (liquidating)
Apex Electric Manufacturing, common
6%
6- 4
6-28
$lft
*
——
6-15
7-
(quar.)
Agnew-Surpass Shoe Stores, 7% pfd. (quar.)
Agricultural Insurance (Watertown, N. Y.)—
7.
7-15
Lead
preferred
7%
6-30
60c
:
(Abilene Kansas)
6-15
7-
12- 3
*
6-30
pfd. (quar.)__
6-29
$1
12-15
S''
:
(Indianapolis)—
6-30
37ftc
,
.9-3
j 10c
(quar.)
Co.,
preferred
9-25
6-15
9-15
'
——_
.
20c
(quar.)
1
7-1
7-1
(irregular)
Anaconda Copper Mining
Anchor, Hocking Glass, common.
7-14
7-
10-
15C
(quar.)„
15c
Mfg.
Supply Mfg., class A (quar.)
Casualty & Surety Co. (quar.)
$3y2
?50c
$4.50
of Rea.
—
Laboratories, 4%
6-25
$lft
Anglo-Huronian, Ltd.
Properties
1
25c
Woolen, 7%
Ampco Metal,
$5
Payable
6-30
7-
'
Smelting—
$5 conv. prior preferred (accum.)
Amoskeag Co., common (s-a)_
preceding table.
1
g-21
Thread
7-9
thare
6-15*
6-15*
1
50c
Co.——
American Tel. & Tel.
7-20
Holdert
1
1
7-
$1
—
6-30
When
'
'
—;
9-10
Per
'
Co.
Quarterly
1
week, these being given in the
77-
$lft
American
give the dividends announced in previouc
yet paid. The list does hot include divi¬
we
6-10
30C
Stores
10c
XxJ—
6-30
...
American Tobacco Co., 6% preferred
(quar.)
American Water Works & Electric Co.—
$6 1st preferred (quar.)—.
6-16
6-15
6-22
25c
(quar,)
7-10
6-15
1
6-30
$1.75
6-30
10-
7-
6-18
$1.75
.
7-15
6-24
15c
1
—_
(quar.)
Stamping
30c
Common
50c
C.)
75c
X
—
1
6-30
7-
60c
—
——
7-15
1
6-18
6-14*
1
—
8-
weeks and not
S3
.
D.
Corp.
preferred
American Telephone Co.
7-
6-15
6-30
7-
50c
common
7-10
$1%
——
—;
Co.,
6-19
$iy8
& Towne
Snuff
6-25
$$1%
7.
:
(qudr.)
pfd.
4J/2%
6-18
6-12
50c
(quar.)
Co. (irregular)
Building Co.
7-15
1
6-18
'
$lft
(quar.)
Screw
Ship
7-
6-30
6-21
;
30c
t
$3
(quar.)
Allied
20c
American
American
1
25c
American Rolling Mill-'•
;
4V2% conv. preferred (quar.)
American
American
7-
1
6- 5
37ftc
i
6-15
8-1
7-15
$26.25
6-30
6-21
7-
1
12ftc
Axton Fisher Tobacco Co., 6% pfd.
(accum.)
This dividend clears all arrears.
6-19
7-
$20.80
—
6-30
7c
7c
—
Common
7-
1
-
$3.20 preferred Class A (accum.)
This dividend clears all arrears.
Backstay
Welt Co. (quar.)
Baldwin Co., 6% pfd. A (quar )
Baldwin
4
6-21
'•
6-30
' 75c
—
-
$5
$iy2
—
Wood (Alexander & James) 7% pfd. (accum.)
Worcester Suburban Electric (irregular)
Standard Engineering,
37V2c
(Wash.
&
8
6'
'
6-30
62 ft c
&
Standard
Sanitary
Corp.,- common ———
American Republics Corp. (irregular)—„„.'
6-25
6-17
7.
75C
:
——
American States Insurance
2
"V
class A
(quar.)_
American
6-24
1
5-28
7-1
common
American Sugar Refining, 7%
American Surety Co. (s-a)
40c
——
Life
8-12
pfd.. (accum.)
(s-a)
nvu
7-
10c
Co., 7%
6-18
7
7-9
•
6-30
20c
pfd.
(quar.)——
6%
7- 1
'
'
"r
T
7-20
;;
15c
,
preferred
American
Radiator
6-30
Gas
25c
—
7-19
7-
(accum.)
5
$1.18%
(quar.)
8-16
8-
Aetna Insurance Co.
75c
(quar.)
7-19
7-15
—
Aetna
7-20
(quar.)
Seaboard Finance
Corp., common (quar.)
8-16
$iy2
——
7% preferred (s-a)
Aetna
50c
(s-a)
$1%
—
(George) Ltd., 5% preferred (quar.)
Weymouth Light & Power (irregular)—
Wichita Union Stock Yards, common
(irreg.)
6% preferred (s-a)
9-10
1
87V2c
(s-a)
(quar.)
Weston
7-9
10-
25c
common
7-15
8-15
35c
Steel,
8-1
50c
Works
preferred
1
IX
6-18
6-15
6-30
(quar.)
7%
6*12
8-
9-
Aetna
8-25
Extra
2nd
6-26
i7yac
1
1
50C
preferred
Optical Co.
American Paper Goods
6-30
9
7-
7-
50c
American
5-24
.
43 3/4 c
6-30
Schmidt
7%
1
6-30
10c
6-30
&
7-1
6-15
_>
3y2% preferred (s-a)
6% 1st preferred (s-a)
6-
$iy*
8-
$lft
.'.25c
(Mobile)
5-26
11-25
$lft
(quar.)
Quarterly —X
Quarterly
6-21
7-
Pipe
7-24
7-15
common
Scruggs-Vandervort-Barney,
6-15
6-30
20c
common—
preferred
7-26
20c
(quar.)
Scythe & Co. Ltd.,
Electric,'7%
8-14'
1
Brewing Co.
Schuykill Valley Nav. & R.R.
25c
75c
:
8-25
1
8-16
Investment Co. of Illinois—
preferred
Co.,
6-21
——
Aero
2
|
com.
6-30
6-18
$2.25
Manufacturing,
preferred
15c
1
'*■
$lft
(quar.).;
American Motorist Insurance (Chic.)
American National Bank & Tr. Co.
1
912-
$lft
-
1
7-
6-15
25c
5% convertible preferred (quar.)
American Locker Co., $1V2
noncum.,
American Machine & Metals
American Manufacturing
6-29
.7-
6-22
7
5%
San
7
7-15
7-15
6-30
6-
(quar.)
(quar.)
7-
75c
7-10
7.
(quar.)
Diego Gas & Electric,
preferred (quar.)__
50c
13c
15c
(s-a)_.
Co.,
6-25
25c
SI
(quar.)_—__
class A convertible
preferred
1
Aeronautical
15c
Lawrence Corp.—
4%
7-
Addressograph-Multigraph Corp.
25c
common
35c
6-23
$2
conv.
7-15*
6-19
$$13A
(s-a)
$1.20
7-31
$1
common
Rhode Island Electric Protective
Rike-Kumler Co.
(irregular)
7-15*
2
(quar.)——_
pfd,
t25c
pfd.
2
8-
6-30
50c
—
80c
8-
7-1
$1.10
—
Second preferred
(quar.)___
Reed-Prentice Corp., common
7% preferred (quar.)
Rome
7-2
„
$1V2
(quar.)
preferred
Foundry,
preferred
10c
(quar.)
1st
6-25
—————
25c
preferred (quar.)
Fund of Boston
Employees Corp.,
Co.,
non-cum.
6-25
6-28
35c
Provincial Paper, 7%
Reading
6-28
25c
(initial)
^
Railroad
6-17
——
(Steel)
Adams
Philadelphia Co. (quar.)
Philadelphia Electric Co., 4.4% pfd. (quar.)
Philadelphia Electric Power. 8% pfd. (quar.)
Pittsburgh Brewing Co., $3.50 pfd. (accum.)
Co.
6-26
5
75c
1
Power
American
6-15
50C
Abbott
2
Quebec
6-21
6-15
40c
APW
8-
(George)
6-30
6-30
6-12
7-15
$1%'
Steamship
6-30
(quar.)——
dends
Hawaiian
American Insulator Corp.,
Cos.
6-25
7-
Putnam
American Hide & Leather, 6%
pfd.
American Home Products
(monthly)
common———
6-18
$iy8
Plymouth Cordage Co. (quar.)_
Employees stock (quar.)
Pocahontas Fuel
!
6-19
Western
1
t$iy2
Pfaudler Co., new common ($20
par)
Pfeiffer Brewing Co.
6-22
Western Massachusetts
7-1
(s-a)
preferred
6-30
6-30
87y2c
6-12
—
American
com.—
1
M
$1%
American Hardwire Corp. (quar.)—:
5%
7-
—
.
6-25
$2
6-12
$1.50
Rubber, common(quar.)—.
6-25
■
1
12ftc
7-1
;
6-16
6-16
7-
$1 ft
.
$4
:
preferred (quar.)——X
York
|
7-/1
(quar.)
(quar.)—
convertible
Penn
Yale
Hard
preferred
6-15
1
15c
Electric, 4%% pfd. (quar.)
Corp., common...'....—
$4
7- 6
7-
7%
'
1
1
12ftC
—
$1
6-25
7-15
American
6-21
6-15
15c
American Hair & Felt Co., common
6% 1st & 2nd preferred (quar.)
6-25
<
7.
(N. J.)—
$1%
Name of Company
——'
4ft%
Corp.,
.7-1
(quar.)
preferred (quar.)
(New
Paterson & Hudson River R.R. (reduced
s-a)
Pennman's Lt., common (quar.)
Federal
7-1
$4
1
———
7-13
7-1
6-19
6-30
6-30
6-30
6-30
.6-30
$l:.ft
7-15
&
6
1
6-30
7-
General
25c
(Seattle)
Alcohol
Zonite Products
7-20
American Gas
American
lc
$1%
,
preferred (quar.).,—
$iy8
preferred (quar.)
Insurance
Elec.,
$1%
6-19
6-23
.
7-
7-
(quar.)
———
6-30
7-
25c
American Fruit Growers
50c
Wisconsin
7-15
6-30
30c
preference
€-30
7-15
6-15
7-22
6-25*
6-30
"
"
25c
preferred
15c
7-15
2
Orleans) —
(Reduced semi-annual)——
Park Chemical. 5% conv.
preferred (quar.)
Penn
participating
Michigan
6%
7-.1..
\
6-30
r
Waterbury Farrell Fdy. & Machine (quar.)
Wayne Screw Products (irregularyj.JLL.iWellington Fire Insurance
-i-XL——
West
7-12
10c
(accum.)
8-
8-2
$1.31 V*
Ins.
National
$1%
8-2
$1.
1
1
$lft
Envelope Co., 7% pfd. A (quar.)
A
(quar.)
'
Export Lines, 5% pfd. (quar.)
American Express Co.
(quar.)
American Felt Co., 6%
pfd. (quar.)
7%
20c
pfd.
(irregular)—
Utah-Idaho Sugar Co
Washburn Wire Co. ;
7%
^
6-17
6-17*
6-11
7-15,
50c
American
6-28
6-22
25c
(irregular)
Corp.—
preferred
West
1
7-
—
87y2c
Wisconsin Co., 7%
1
•
(Milw.)
7%
7-
6-28
$1
of JDmaha
6-25
7-
'
X
—'
—
Wiggins Terminals, Inc., 5% pfd.
37Vic
:
Advertising Corp.
Packer
(quar.)
6-24
7-20
7-20
20c
$2
—
(quar.)
(irregular)
Packer
6%
6-29
55c
Filters, class B—_
Life
6-30
60c
.
Class A (quar.)————
Pacific Car & Fdy., $6 preferred (quar.)
Pacific Fruit & Produce (quar.)———
American
6-30
(Del.)—
Insur,
Co.
6-14
$l>/2
preferred (accum.)
preferred (accum.)-
Northwestern
7- 1
,
$1
(quar.)
States
6-21
15c
common
preferred
6-30
$2y2
(quar.)
—
Corp.,
6-25
$1
'
Northern Ind. Pub. Ser. Co., 5y2% pfd.
(quar.)
7%
preferred
(quar.)——
Pan
7- 3
6-21
$iy2
—
Ry. (s-a)
convertible
Oliver
,
6-30
6-30
40c
•
Y.)_—
„—
Northern
7%
7-12
50c
x
pfd. (accum.)
preferred ;(accum.)_—_j—_—
XX5ft%
6%
6-23
6-30
(irregular)—12Vic
Telephone Co.
Fire
Norfolk &
,
1
1
35c
Norma-Hoffman Bearings
North Amer, Investment, 6%
6%
12-
7-
7-20
U. S.
<
5%
preferred
(quar.)
American District Telegraph
5% preferred (quar.)
•
■ ,-r
1
7-
$lft
American
Lines, 7% preferred (s-a)
Rubber Reclaiming Co.—prior preferred (accum.)
Smelting & Refining & Mining,
S.
7
6-28
$1
Fund
Industrial
8%
1
37'Ac
X $1
;;X4% Adjustment preferred (quar.)—
-$lft
v
U.
8
6-8
50c
Hampshire
North
12-20
612.
50c
X-iExtra
New
6-30
35c
Britain Machine' (quar.)——
New
12-20
Sl'/a ./
——
&
6-30
$2V2
2nd preferred
(s-a)--*.——r
Insur.
(Hartford)
(quar.)—
(Baker
8-13
S2V2
—_
(s-a)
S.
7-
6-23
$iy2
Extra
7-15
2
$iy2
(s-a)
Funding Corp. class A (quar.)
(quar.)_
National Screw & Mfg. Co
Naumkeag Steam Cotton (quar.)
Nelson
8-31
8-
50c
1st pfd. (s-a)—
preferred
U.
U. S.
2
7-i 1
50c
Storage, 8%
Fund
Non-cum.
9-10
8-
7-1
7-
$3
common—
Cyanamid Co., class A
(quar.)
B
25c
Income
Union Pacific
payment
a
10-15
Class
25c
Extra
being
American
7-7
6-18
■
6-30
;
$1%
;
$iy2
Bond
-
30c
6-25
2
—
(quar.)—
37y2c
Cold
United
6-15
pfd.
7-15
25c
Mfg.
United
6-30
6%
8-
J75c
„
Stock Yards Co.
United
7-30
6-23
1
.!■,
'
x 25c
f
6-18
6-18
v
6-30
15c
Cast
American Coach & Body
American Crystal Sugar,
Co.—
Chatillon, class A
Union
8-15
7
6-18
8-16
$75c
(accum.)
(quar.)——-—
Union
6-30
7-1
$1%
Corp.
preferred
B
as
v.-:i
National
X Class
3
7-20
IV2C
non-cum.
1st
9-
62y2c
preferred (quar.)«—
National Distillers Products
non-cum.
6-28
6-26
(Md.)—
"X7%
non-cum.
1
7-
7-
$2
7% preferred (quar.)
6-23
7-20
37y2c
—
National Erie, 5%
7-
SI
»
——
(quar.)
incorrently reported last week,
; ;5%
:1; 3%
?
7- 8
31 %c
(quar.)
—
Tubize
1
preferred
Union Term.
Colorado company, series B.
Biscuit Co., common
National
New
6-23
7-
25c
Voting trust shares
■
6-30
.
6-30
$iy4
(quar.),.
This dividend
,,
7-31
■
7-15
;6-30
Tom Bell
Development-
i;—
common
Nation-Wide Securities Co.
for
;.
(Bait.)
Mountain States Power,
75c
50c
7
: 1
$1%
.
(quar.)
Royalty Co.—
Trailer Co. of Amer., 7% preferred
(quar.)
Travelers Insurance Co. (quar.)
7-12
1
7-
6-23
Fdy. Co.
6c
& Foundry, 7% non-cum.
pfd.
Iron Pipe 6%
pfd. (s-a)
Central. Mfg., common
4% convertible preferred (quar.)—
American Cigarette & Cigar, 6%
pfd. (quar.)
7-15
&
-X.
American
6-10
6-10
6-30
American Car
American
75C
(quar.)
Securities
6-30
6-21
Tennessee Alabama & Georgia Ry.
(irregular)
Terre Haute Malleable & Mfg. Corp.
(quar.)
Texas Water, 6% non-cura. preferred
7-7
8-
(quar.)—$1V2
Electric
I
1
1
6-30
pfd. (quar.)
American Capital Corp, $3
pfd. (accum.)
6-30
10c
of Canada, common
2nd
6-30
X
1,
77-
6-30
(reduced)
1
6-30
:
7.
25c
American Can Co., 7%
7-15
Taunton Gas Light
Taylor-Warton Iron & Steel
6-1
(resumed)———
Society, class A
$4
,7-15
■
7-
6-18
7-15
15c
recently changed from Amer. Brake Shoe
Credit Corp.—
'"X. XX •/./•
6-25
Mfg. Co
Suburban
6-11
_—
Name
0) Rec.
7-15
,
$1.31 «/*
(quar.)
American Business
6-20
7-15
—
6- 1
30c
$lft
(Boston),
preferred
50c
7% preferred (quar.)
Stokely Bros. & Co., 5% preferred (quar.)—
Stratmore Paper, common (reduced)—
6% preferred (quar.)
;
Submarine Signal Co. (irregular)—.—
35c
$1%
6-19
Oil
5V4%
$iy2
—
Trust Co.
1
37M}C
—
Insurance
Stearns
6-15
Diablo
(quar.)
New
6-30
$lft
Morris Plan Industrial Bank (N. Y.)——
Mount Carbon & Port Carbon RR. (s-a)
6-17
6-15
Holdert
7-15
$3 ft
6-15
,7-
37 y2c
(quar.)
6-30
Plan
Mount
pfd.
6%
Gas,
$3
(quar.)
American
6-18
6-24 /
1
7-1
$1%
7-20
Liqueur Corp.
(Series
Fire
State Street
Montreal Light Heat & Power Cons,
7-
6-30
Bemberg Corp., 7% preferred (s-a)
Brake Shoe Co., common
(quar.)
Class A
7-15
10c
preferred
X
50c
i
—
'
Morris
Electric
22c
7-1
Monumental Radio
&
62Vic
__
SI1/*
$6
American
6-18
•
X
25c
(Durham, N. C.)—
England Telephone (quar.)—
Spfcer Mfg. Corp., common
$3 preferred (quar.)
Stanley Works, common
5% preferred (quar.)-.
:
;
Associates—
Co.
;7* I
,<
$1%
(quar.)
preferred A
Southern
6-23
1
$lJ/4
Power,
Power
California
Southern
6-30
7-
$1%
preferred
Southern
6-18
Minneapolis Gas Lt., $5 partic. units (quar)
Minneapolis Valley Canning, 5% pfd. (quar.)
6-15
6-25
Bleachery & Print Works—
75c
(s-a)—
6-15
6-15
Payable
pfd.
conv.
.
9-20
6-16
(irregular)
7-26
When
thare
Name of Company
.
Airlines, $4.25
(quar.)_
$1.06 y4
American Alliance Insurance
(quar.)„
25c
American Asphalt Roof, 6% pfd.
(quar.)_.
$iy2
American Bank Note, common
15c
6%
preferred (quar.)
XX/''
75c
6
6-15
37V2c
(quar.)
6-21
6-18
(quar.)__;
American
8-12
7-
25c
7% pfd. (quar.)__
Bag & Paper
1
7-15
Trust
1
$3e
$1
——
Advance
,
6-25
7-15
—
1
Minneapolis Brewing Co.
Montana
—
6-22
6-21
Machine
(quar.)
7-
(accum.)
&
Co.
10-
—.
Collet
Smyth Mfg.
Per
of Rec.
25c
(irregular)__:—
•;
1
7-31
Mill Creek & Mine-Hill Nav. & RR.
Loan
Ltd.
■
(quar.)
2
7-
a;:,7- 1
Massawippi Valley R.R. (s-a)
McCall Corporation (quar.)—
McCrory Stores, 5% preferred (quar.)—_ '*
McLellan Stores, 6% preferred (quar.)
Michigan Steel Tubes
■
Midwest Piping & Supply-
Monroe
6
10c
Investors
Co.
$1%
(irregular)
Utilities
Mohawk
7-
Zook
6-29
8-
40c
participation preferred
Modern
Sloan
7-15
9-
Monday, June 28, 1943
Hoiaert
6
25c
2
$1%
•
Maryland Drydock Co., common
7% preferred (quar.)—
5%
6-30
7-
40c
______________
7-
&
Payable
30c
—
Oil
6-30
o,
(quar.)
:——20c
preferred (quar.)-—75c
Massachusetts
Inc.
Union
(irregular)
7-23
Co.
Massachusetts
Co.
7-31
7-10.
S2
(M.) & Sons,(quar.)
&
Shoe
Corp
Silbak Premier Mines,
25c
Wall
Mills, 6%
Selby
,
Marsh
preferred
Shell
$4'/2
j.__
Marsh
6%
6-30
75c
prior pfd. (accum.)
preferred (quar.)—
7%
Field
Servel,
7-10
TOc
—
Maine
Martell
6-18
6-30
20c
(accum.)
Lowell
Marshall
1
7-10
When
thare
Name of Company
7-
$iy4
Corp.
Products
of Rcc.
75c
t$2
(quar.)
Manischewltz
Payable
Per
50c
(quar.)—.
—
RR., 6%
Holder)
25c
class A
Lindsay (C. W.) & Co., 6V2 % pfd.
Liquidometer Corp. (Irregular)
Loft
When
thare
(Va.)_^
Tel.
&
Fer
:
CHRONICLE
Locomotive
Works
Corp. (quar.)
Bangor & Aroostook RR., 5%
Bangor Hydro Electric, 6%
7% 1st preferred (quar.)
3
6-25
$lft
7-15
6-30
75c
(L v'egular)
BancOhio
6-30
6-15
20c
pfd.
pfd.
(accum.)
1
(quar.)
7-
$lft
$1%
,
1
7-
$2 ft
1
6-
7-
1
6-10
7-
1
6-10
6-19
5
v.
Volume
; ;> j •-,:.» ^
///.V/ /,;■*
•?. v^- \»,<M
,f -
& FINANCIAL CHRONICLE
THE COMMERCIAL
Number 4189
157
When
When
—
&^Ellis
Barber
(quar.)
preferred
$5'4
7-
1
6-18
Canadian
®y
7- 1
6-15
Canadian
gy4C
6-30
6-
6-30
7-
1
7-15
6-30
1
6-25
7-
1
6-15
7-
1
6-15
Canfield Oil Co.,
Cannon
Canadian
'
+
7-
—
±$3(4
7-
6-15
7-
6-
7-
5-31
7-
5-31
7-15
6-23
-
o
»
-——-
...
Beldlng-Corticelli, Ltd., common (quar.)
7% preferred (quar.)—-—•—-----Bell Telephone Co. of Canada (quar.)
Bendix Aviation Corp.
Beneficial Industrial Loan
common--S2'4 prior pref. series of 1938 (quar.)-—Bensonhurst National Bank (Bklyn.) (qua .)
Bertram (John) & Sons
t$i%
Mills Co.
5
Carnation Co.,
4%
preferred (quar.) Clinchfieid & Ohio
1st
30c
6-30
6-15
62,/2C
6-30
6-15
6-30
6-30
(J. W.)
8-16
7-31
8-16
7-31
Carthage Mills,
Bessemer
(Md.) (quar.)
Biltmore Hats, Ltd. (quar.)_
———--
preferred (quar.)
Birmingham Fire Insurance (quar.)
Black-Clawson Co., common (quar.)—
6% preferred (quar.)
—
Black & Decker Mfg. (quar.)—
—
Blaw-Knox Co. (interim)
Bliss & Laughlin, Inc., c0™nV0"-"7
5% convertible preferred (quar.)——---Bloch Brothers Tobacco, 6% pfd. (quar.)Bloomingdale Bros., Inc. (irregular) _—-Blue Top Brewing, 6% pfd., class A (s-a)-Blumenthal (Sidney)/ 7%
Bohn Aluminum & Brass Corp
Bon Ami, class A (quar.)
Class B (quar.)
Booth (F. E.) Co. $3 pfd. (accum.)Borg-Warner Corp.
Boston & Albany RR.
Boston Elevated Ry.
(quar.)
Boston Herald-Traveler Corp.
Boston Insurance Co. (Quar.)—
Boston Personal Property Trust (quar.)--—Boston Wharf Co. (s-a)
Brach (E. J.) & Sons (quar.)
Bralorne Mines, Ltd. (quar)
$7
P^ferred (quar.)
cVrpTcIass"'~A_common (accum.)—
Brandon
,7% preferred (s-a)
Brandtjen & Kluge (quar.)
(quar.)
Briggs
Mfg.,
common
-—
participating pfd. A (quar.)
British American Oil (guar.)—-—-——
British Columbia Electric Power & Gas—
$2
(quar.)
Broad Street Investing (quar.)
6-14
4Qc
99-
^
4qc
4
6-28
6-
25c
6-30
6-21
37y2c
6-30
6-21
-
Central
Central
6-30
7-
6-29
7-
$1"
1
1
r
7-
1
6-17
$2^/2
6-30
5-29
$1y4
7-
1
6-10
7-
1
6-21
7-
1
6-21
7-20
6-30
$4
16c
6-
6-30
Champion Paper & Fibre, commonauA
1
7-15
6-26
fioc
7-15
6-26
6-30
6-21
Chesebrough
$1%
7-
1
6-21
7-
r
6-23
6-25
7-
1
6-15
7-1
6-15
Chicago Title & Trust (quar.)
Chickasha Cotton Oil Co. (quar.)
6-16
7-
2
6-
7-
4
1
6-19
7-15
7-15
•—
6-
1
6-22
7-
1
6-15 '
$6
6-15
$7
1
6-15
1
6-17
"
6-19
•
7-1
.7-1
6-15-
5Qc
(resumed)—
6-30
50c
7-
(quar.).
.
6-
4
----7;----——
Ry. (s-a)_——
50c
1
1
conv.
pfd. (quar.)
1
7-2
<*\\/2
7-1
;.7-1
6-25
7-31
•7-
I!
t30c
+i5c
U5c
7-
1
+
»M
6-10
7-26
6-19
7-15
Jl5c
(quar.)
Converters (quar.)
t53c
.6-19
6-
2
8-
2
1
5%
8-166-15
1
6-15
1
6-15
1
6-1.5
7- 1
6-15
7-10
6-22
———
8% pfd. (quar,)
t25c
6-30
6-15
6-30
6-15
6-15 ;
%J
t&l
t$2
Ice,
Craddock-Terry Shoe,
$2(4
6-30
6-18
$2
6-30
6-18
-n\a
6-30
6-18
.
Patent
pfd.
3-6%
7-
Fire
6-15
Cream of
6-30
Crown
7-
1
6-20
Crown Trust Co.
7-
1
6— 8*
Crown
7-
1
6-
6-28
6-
4
6-28
6-
4
8%
6-21
8%'
7- 1
•:t
8*
6-21
6-19'
&
6-18
6-15
7-
7%
Cuban
4»/4%
6-19
6-16
10-15
9-15
7-
1
6-19
7-
1
6-15
Credit Co.,
convertible
;
6%
preferred
1
1
11-15
7-
1
Commercial
6-18
Shearing
&
1
6-11
Dennison Mfg.
7-
1
6-20
6-30
6-15
6-30
6-15
7-
1
6-25
7-
1
6-19
7-
1
6-15
6-30
6-23
Detroit
7-1
6- 4
Commonwealth
7. 5%'
preferred
Loan
preferred
preferred
1
8-16
1
11-15
1
7-
1
10- 1
10-
1
12-23
12-23
7-15
6-28
7-
8-12
$1(4'
7-
1
6-21
7-1
6-11
$1 (4
8-
2
7-15
7-
6-30
6-23
Diamond
Products
6%
6-30
6-18
7-
1
6-15
Distillers
7-
1
6-18
Dixie Cup Co.,
6-25
6-11
Doehler
1
6-18
Dome
7-
/ 7»
1
1
6-15
6-30
6-23
7-
7-
1
6-12
7-
1
6-12
7-
1
6-12
7-1
6-12
6-30
6-22
;
6- 8
6-30
8
7-
1
6-
7-
1
6-20
7-
1
7-
Dixie
part.
Corp.-Seagrams,
Die
(quar.)
Common
Dominion
7%
(increased)
Glass
Co.,
preferred
Dominion
7%
Drug
Duke Power Co.,
7-
6-10
6-20
7%
7-15
6-28
7-15
6-28
7-
i$i (4
1
6-20
Duplan
6-30
6-10
8%
8-15
7-20
8-15
7-20
(accum.)
1
6-19
7-1
5-29
7-
1
6-19
7-
1
6-15
$1%
.7- 1
6-15
30c
7-31
75c
75c
(irreg.)
common
6-30
7-15
6-30
6-30
6-
9
6-30
6-
9
6-10*
1
6-30
7-1
6-23
10c
30c
6-30
6-15
6-
6-30
7-
4
6-14
1
preferred (quar.)
Duval Texas Sulphur Co.
Eagle-Picher Lead Co.,
(quar.)
6-30
:
6-15
5-27
6-30
6-15
7-24
7- 9
7-15
6-15
6-30
6-21
10c
preferred (quar.)_____
Pennsylvania RR. (s-a)
Tennessee
(quar.)
1
6-15
7-
1
6-15
7-20
7-1
Light & Power Co.—
preferred
7-
$iy2
common
East
6%
Eastern Gas & Fuel Assoc. 6%
4(4%
Eastern
prior
5%
$1(4
$1 Va
:
pfd. (accum.)
Steamship Lines,
preferred
convertible preferred
/, 7- 1
6-15
1
6-15
7-1
6-15
?*c
7-1
6-18
50c
7- 1
6-18
1
6-15
7-
75c
common
(quar.)
Steel Products—
•
$1,12(4
preferred—-
$2 convertible
Eastern
/
8
25c
(quar.)___
Duquense Light, 5%
$6
$2
7-
(E. I.) de Nemours—
preferred
East
7-
6-24
$1 (4
(s-a)
1
$iy8
7-15
preference
6-15
7-
162(48
t5c
tlOc
1st
1
8%
reg.
7-
$iy2
(quar.)
Bradstreet, Inc., $6 preferred
Dunlop Rubber Co., Ltd., ord.
5%
7-15
$2
preferred
&
5
6-15
7-
75c
$4V2
c
Dun
6-
7-15
$5.25
(quar.)
Corporation,
1
t$l3/4
common
preferred
2
6-30
1$1.25
(quar.)_
(quar.)
common
preferred
(quar.)
pfd. (quar.)
6%
7-15
1 $1.75
common
7%
Co.,
6-17
8-2
f35c
;
Ltd.,
Draper Corporation
Corp,
6-30
t$2
preferred (quar.)
Dravo
6-15'
7-30
25c
(quar.)
Textile,
6-30
6-28
f40c
(quar.)
Dominguez Oil Fields (monthly)
Dominion Bank of Canada (quar.)
Dominion Foundries & Steel,
6-10
7-15
37 >4 c
(interim)
Ltd.
1
15c
(quar.)
Casting
Mines,
pfd.
5%
:
$1.50
class A
Stores
Home
—
■
$114
$l'/4
$114
1
Detroit Steel
Du Pont
—.—
6-30
9-
6-21
7-15
'
7- 7
75c
6-30
$4
pfd. (s-a)
Diamond Shoe Co.; 5% preferred (quar.)
Di Giorgio Fruit Corp., $3 partic. pfd. (s-a)
4c
8- 5
7-10
50c
$114
$2
'
6-19
$2
(s-a)
6-21
Co.—
(quar.)
5
8-16
7-15 :
62 >/2c
6-30
Michigan Stove, 5% pfd. (quar.)—_
Detroit River Tunnel (s-a)—_-i—
7-15
7-20
9-
Detroit
6-18
2
25c
Detroit Hillsdale & South Western RR
6-15
$5.55
$3
50c
8-
7-
(quar.)
6-15
1
:
7-20
$134
1
Co.,
6-21
8-2
12-
-.
7-
Match
?:
30c
(quar.)
50c
$13A
i__—_
1
/'1$1%
(quar.)
7%
7-
6-15
1
75C
*
7-
75c
(Indianapolis)—
(quar.)
7%
6-15
7-
$l3/4
(quar.)
(quar.)
6-15
Commonwealth Investment Co. (Del.)
6-19
1
6-29
75c
Dentist's Supply, common
Common (quar.)
2
Commercial Solvents Corp.."
7-
75c
—
Co.
6-22
6-15
$2
Co., 8%
Edison
1
$iy2
debentures (quar.)„
$6 convertible prior preferred (quar.)
•
7-
6-30
$1
Long Hook & Eye (quar.)
preferred
4
6-18
6-22
$I3/4
25c
(s-a)
7%
6-21
6-
7-1;
t$2(4
(quar.)
Co.
RR.
1
7-1
6-30
t25c
preferred (s-a)
Records
7-
g
Canada—
8-
6-18
6- 4
of
7-20
6-
5%
Corp.
50c
25c
class A (quar.)—
Securities
&
1
7-31
1- 2
Debenture
7-
Stamping
7-23
11-19
75c
■
.:
preferred (quar.)
David & Frere, Ltd.,
De
(quar.)
8-16
11-29
$3
(s-a)
8-15
7- 2
4
7%
8-16
12-
•
6-15
10c
.7-
Commercial Natl. Bank & Trust (N.Y.)
6-15
—
6-17
$1.0614
6-13
6-30
7-
10c
25c
35c
$134
(final)
6-30
(s-a)
class A prior preference
6-29
75c
6-29
$1
Publishing, $4 prior pfd. (accum.)
Curtiss-Wright Corp. $2 non-cum. class A__
Davenport Hosiery Mills, common
Delaware
-
6-19
6-15
$1(4
(quar.75c
$1.0614
common
1
6-29
$4
Curtis
6-30
6-15
6-30
$1%
(quar.)__
;
Decca
2
6-15
common
Clinton RR.
6-17
(quar.K
com.
9-18
6-30
Cunningham Drug Stores, Inc.—
Commercial Investment Trust—
$414
Port
6-17
(quar.)
(quar.)
&
6-19
$114
$1.62
6-18
9-30
(s-a)
pfd.
(quar.)
Extra
6-29
convertible preferred (quar.)
Common
preferred
Culver
1
7-15
p
$114
7- 1
6-30
$1%
preferred
(quar.)
Telephone Co.,
6%
6-29
,_i
7-15
U
(quar.)
(interim)
Dunlop Tire & Rubber Goods Co., Ltd.—
Electric
6-16
30c
30C
8%
Sugar 5!/2%
preferred
6-30
prefer, (quar.)
6-30
(quar.)_
B
1
.
6-14
$1(4
•
(quar.)
Class
1
———
preferred (quar.)
Alcohols, Ltd.,
Commercial
Class A
7-
62'/2c
50c
75c
$1.50
7- I *
(quar.)
7-
*
Ohio
Southern
preferred
preferred
6-18
•
6-23
25c
.
preferred (quar.)
1
9-
6-30
(quar.)
(quar.)
common
6-18*
m
(accum.)
Corp., common (quar.)__
convertible pfd. (quar.)__
Crucible Steel, 5%
6-19
1
30c
Zellerbach
1
7-
$2
class A
(Montreal)
7-
10c
37 (4 c #
(quar.)
Crum & Forster Insurance Shares Corp.—
7--1
6-30
.
6-20
$2.
Wheat Corp.
Cork International,
Crum & Forster,
—
(s-a)
50c
—-—
Arms__;
Commercial
8%
preferred
1
..
$1.0614
—
\6% preferred (quar.)
614%
3rd
6-15
Dow
preferred (quar.)__^,
A (quar.)
—
cum.
6%
Columbus
preferred (accum.)
5% 1st pfd. (s-a)
2nd preferred (s-a)
1
$114
$1%
common
Columbia Gas & Electric, 5%
6- 4
10-.1
—
(quar.)——
Colt's
6-21
7-
6-21
1
7-
:' $7 '
6-15*
7-2
7-
6-20
7-1
Cuban-American
$6 pfd. B (quar.) ____—
pfd.
(quar.)f.-_i
,
'
1
6-30
.(quar.)^---
Colonial
"•
t85c
6-23
$1%
7-
$134
Colgate-Palmolive-Peet—
$414 preferred
(quar.)__
Collateral'Loan (Boston)
(quar.)
6-10
6-14
6-19
Courier-Post Co., 7%
4-6%
$114
25c
$114
'
7-1
6-15
7-
15c
30c
—
6-17.
$2.62(4
7-1
$114
20c
30c
(s-a)_l
7-1
7-1
$1%
75c
Lamp & Stove
6-15
75c
6-15
$1(4
$134
—
6-15
$1.75
7-1
$1(4
6-18
L
(increased) (quar.)
pfd. (quar.)_
7-1
Corroon & Reynolds, $6 preferred A (accum.)
Cottrell (C. B.) & Sons, 6% preferred (quar.)
Bottling
A
Coleman
6-10
6-30
6-30
6-28
7-
»
'Class
6-10 J
1
7-
Corp
7-1
9-20
20c
Works, 1%
6-15
6-12
50c
Co;, common (quar.)
$3 preferred class A (s-a)—;.-^-^^,
Coca-Cola International Corp., common
6-10
7-1
7-
tc-nl
Coal
:
1
$1%
—
1
*
6-23
6-23
6-30
7-
$1.62 >4
—
7% preferred (quar.)
Cooper-Bessemer Corp., $3 prior pfd. (quar.)
Cooper (Peter) Corporations—
6Ms% preferred (accum.)
!
7-
i.
6- 7
6-30
20C
(quar.)
com.
$114
(quar.)
6-28
$1%
(quar.)__
(quar.)
Crystal Tissue Co.,
common
6-30
25c
25c
Telephone Co., 6'4 % pfd. (quar.)
$114
(accum.)
6-15
6-30
7-10
7-1*
85c
15c.
Coca-Cola
6-15 '
preferred
1
7-10
7*'
80c
—
Corp.,
6-16
common..^
6-18
6-30
$134
■
imadian Car «fe
Canadian
'
•
Steel
6-15
—
7-1
$1%
(s-a)
(Del.)
prior preferred
6214c
75c
(Delaware)—
$2.50 "class A (quar.).
Coca-Cola
Bottling
(N. Y.);
7-31
8-16
Co.
6-30
Peabody & Co., common (interim).
l77e preferred (quar.)
Coca-Cola
Oil
6-30
—~—.—
6-15
6-18*
1
7-
9-30
50ci.,
$114
$1
$114
30c
50c
Cluett
—
Canadian Cottons, common
(quar.)
Clinton Trust Co., (N. Y.)
6-21
8-16
/§£
7%
6-11
6-30
20c
(quar.)._
Rolling & Steel Foundry(reduced)
Continental
6-10
6-11
7-
20c
Continental
6-10
*
6-15
1
7-1
'
$2
(quar.)
Insurance
7-15
45c
6c
-
:
Clinton Water
6-21*
1
7%
.
7- 1
t$2
6-19
Electric—
&
prior preferred
Continental
Common
6-19
(quar.)__
(N. Y.)
6
8-20
7-1
50c
Extra
6-30
(quar.)
Molybdenun
Clinchfieid
6-11
7-
preferred
'Extra
6-11
31'/,o
5%-
Climax
6-15
6-28
7-
7
6-19
7% pfd. (quar.)
6% pfd. (quar.)
common
Cliffs Corporation
6-10
1
2Q
•
Foundry Co., Lta.—
participating preferred (quar.)
'
6-15
7-
60canon-cumnconv. preferred" (quar.T
'
6-15
7-
7%
6-19/
6-31
pfd. (quar.)
$414 preferred (quar.)
Cleveland Graphite Bronze Co.,
6-15
7-
HOC
(resumedl)-
7/participating "preferred
Continental Gas
9-
6-28
(quar.)
Electric; Illuminating,
Cleveland
6-21
1
7-
common (qua .)—
common
6-21
6-30
City Investing Co.,- 7% preferred (quar.)__^_
& Mahoning Ry.- (s-a)
6-19 *
7-1
Celanese,
1
Clearfield
6-15
xj5c
preferred B (quar.) —————:
616 preferred B
(quar.)
Canada Cycle & Motor, common (quar.)—
5% s
f. 1st preference (quar.)-—-Canada Machinery Corp., Ltd. <interi"l)-r"Canada Northern Power, common (quar.)7% preferred (quar.)—
Canada Packers, Ltd. (quar.)—--Canada Permanent Mortgage (quar.).
Canada Southern Ry. (s-a)—
Canada Steamship Lines, Inc.—
Canadian
1
7-
v
Clearing Machine Corp. (quar.)
Cleveland-Cliffs Iron, $5 preferred
7-1
3/4
5%
$2.10
7-
1
6-30
$114
Supply,
City Ice & Fuel Co.,
6-15-
•
7-1
.
6-10
Continental Bank & Trust
/■ 8-
9-1-
.
$1(4
6-30
6-15
1
8-16
$1(4
—
6-22
6-15
7-
$l'/4
■
9-18
7-, 1
31V4C
(Chicago)
(quar.)
Co.,
8%
pfd.
(quar.)
2
9-17
1
50c
(quar.)
Baking
I
43%o
(quar.),.—
pfd. (quar.)
Assurance
Continental
'
Butler'(P.'h')!1 5tSUconv7preferred
participating
6-10
1
—
City Auto Stamping Co.
6-15
6-30
.
(quar.)——
--Burdine's Inc., $2.80 preferred (qua .)
$2.80 preferred (accum.) „-~--.rr-rBurkhart (F.) Mfg. Co. (irregular)——
Burlington Steel Co., Ltd. (quar.)
Bush Terminal Bldgs., 7% pfd. (aCC™-)
1^Brevferie""3.40
1
7-
Continental
7-15
$114
$114
(Wash., Pa.)
Wholesale
Citizens
-
6-19
•.7-1
—
Canada Bread Co., com.
7-
6-14
710-
25c
r
(Toronto)
1214c
$134
preferred (quar.)_
preferred (quar.)
Citizens Water
6-30
2sc
<ti
Co.
Camden & Burlington Co.
6-30
preferred
6-14
1
7-
25c
25c
Tel.
Bell
Suburban
&
Cities Service Power & Light, $5
6-30
I2V2C
Brunswick-Balke-Collender Co.
'$5 preferred (quar.)
■—•—Building Products, Ltd.
—
common
7-15
$5
1
7-
$1.25
Cincinnati Union Stock Yards
8
1
7-
7-1
Bucyrus-Erie Co., common
,7% preferred (quar.) ———
California Packing Corp.,
5% preferred (quarter)
5%
Cincinnati
7-
—
Consumers Power Co., $4.50
Continental
preferred (quar.)
preferred (quar.)
'5%
1
6-18 "
7-
Consumers Gas Co.
6-14
Continental
(quar.)
common
6-14
b-19
(quar.)
A
Corp.,
1
7-
9-18
6-19
$2
6-30
Cincinnati New Orleans & Texas Ry.—
•
7-
50c
preferred
5%
6-30
874c
6-12
Steel
6-18
10-1
$2
(quar,)
(quar.)—
Consolidated Vultee Aircraft, common
$1.25 convertible preferred (quar.)
Consolidation Coal, new preferred (initial)
6-17
& Electric Co.-—
6-21
$1,75 preferred
1
2
preferred
7%
Securities,
Christiana
6-30
7-
6-12
1.
1
Quarterly
~~~
1
7-
Consolidated
6-15
7-
preferred
1
Chicago & Southern Air Lines
50c
6-16
6-30
SI .J
6-15
6-30
8%
75c
$1
$1
6-15
t- 2
6-18
1
7-
12 (4c
8% preferred (quar.)
1
$114
6-30
t32'/,c
■
7-
t$l
6-30
6-20
7-15
6-22
6-22
1
6-30
7-
5%
7-15
12V2C
7-
Daily News, com. (irregular)-^—g
preferred (quar.)
;
Chicago Flexible Shaft
Chicago Great Western Ry., 5(/a pfd
—
Chicago Mill & Lumber
—-—--Chicago Pneumatic Tool, common
'
$214
convertible prior pfd.
(quar.)
$3 convertible preferred (quar.)
tioiAr
7-
6-15
*
(quar.).
7-15
;
Common
6-15
-
7-13
150c
175c
(s-a)
(Can.)
\
7-
Chicago
15c
3'4% preferred (quar.)
'.7% preferred (quar.) —
Co.,
Manufacturing
Extra
6-23
1
«
6-13
8- 2
■■
Corp.—
(quar.)
25c
+20c
6-12
1
Laundries
preferred
7-
Chesapeake-Camp, 5% pfd. (quar.)
Chesapeake & Ohio Ry. Co., com. (quar.)
4% non-cum. series preference (quar.)
7-
3qc
6-14
6-30
Chemical Fund, Inc.
^
(E. L.)
Canadia
preferred (quar.)
Chapman Valve Mfg. (quar.)—
Chartered Trust & Executor (Toronto)—
Quarterly
Chemical Bank & Trust Co. (NY) (quar.)__
6%
-
•
1
3714c
3714c
25c
$lJ/a
50c
$ll/a convertible preferred (quar.)
6-30
Consolidated Retail Stores, common...
7- 1
$114
$114
6214c
convertible preferred (quar.)™
$114
6-15
30c
j.
Extra
,
■><.
6-15
6-15
7-1
$1
•.
(Boston)—
Consolidated Mining & Smelting
-
1214c
>
7-15
JSj;
6-14
$1.19
$1%
_—i
1
—
Brown-Formal D?stSlers" $6_'pfd. (accum.j-
Bullard Co.
Co.
Chain Store Products—
7-31
nc.
7-10
1
t3c
7-
62yaC
$1i/4
'.Common
Electric
Century
7-15
7-20
$7.50
6-19
7-
(quar.)
Patricia Gold Mines
Trust
7-1
$1.87Va
Investment
Consolidated
6-19
6-15
90o
$1.12(4
—
•
1
$l'/8
—
Power
—
(quar.)
$$2
40c
75c
$6
Central
6-15
7-31
^
7-
8^
$1
preferred (quar.)
preferred (quar.)__
5%'preferred (quar.)—
.
6-15
7-
Consolidated
6-21
6-
2
7-1
50c
6%
'
7-14
6-30
tanc
6-25
7-24
$ A
6-21
6-10
1
7-
25C
!
Gas, Electric Light &
(Baltimore) common (quar.)
preferred class B (quar.)
4% preferred class C (quar,).
$1%
pfd. (quar.)__
Kansas Power 4%%, pfd. (quar.)__
Maine Power, 7% pfd. .(quar.)^
6-30
(quar.)
(accumulated)
4%
$114
$1%
$134
70c
3714c
Light, 414%
Illinois
Central
of N. Y.—
Co.
6-21
Bank & Trust (N. Y.)—
Hanover
com.
Consolidated
6-30
7-
Quarterly
;
2Qc
21c
———
Terminal
1,
——
Durell Co., common
Watch
,
6-15
Qc
(s-a)
Brooklyn Trust Co.
Bush
6-15
1
6-30
^
^/2'
A
Bulova
1
7-
35c
2'4%
Brooklyn Borough Gas—
6%
partic. preferred (quar.)
Bruce
7-
25c
Cincinnati-Gas
Columb:a
Extra
6-30
.
(quar.)
Electric Ry.
*5% prior preferred (s-a)
British Columbia Power Corp.—
Brown
7-15
25c
Manufacturing CO.
Brillo
Class
6-21
-
convertible preferred (quar.)—-—
British
6-28
,,
Bridgeport Gas Light Co
6%, preferred
6-30
Insurance
Life
Film ■' Industries—-
preferred
6-14
6-30
$114:
60c
20c
—"T
Bridgeport Brass Co., common
5TI
6-16
7-15
25c
(quar.)
6%, preferred
8-25
6-30
15c
Light & Power
Brazilian Traction
1
Central
6-20
6-24
General
pieferred
$2
$3
—
5Qc
—
$1.30 ptd. (quar.)-
Brantford Cordage Co.,
common
8-25
7-
7-
1Qc
x
Machine—--——
&
6-20
4
25c
$6 preferred (quar.)_
Birmingham Electric,
6-
^
Bickford's Inc.
Birdsboro^SteeriPoundry
6-19
7-
$
-
—
—
7-
6-10
$5
6-30
$2
5c
15c25c
preferred A (quar.)
6% preferred B_(quar,)__
Case (J. I.) Co., common
(irregular)
7%' preferred (quar.)
;
^
Celanese Corp. of America, common..
5% prior preferred (quar.)—
7% 2nd preferred (quar.)
—
7% pri»r preferred (quar.)
Cayuga & Susquehanna RR. (irregular)
Central Aquirre Associates
Central Canada Loan & Savings Co. (quar.)
Central Cold Storage Co. (quar.)—
Central Electric & Telephone, 6c/o pfd. (quar.)
7-
75c
<ti3/,
6- 5
Consolidated Edison Co.
1
$134
6%
6-15
Consolidated Bakeries of Canada (irregular)
6-30
7-
5-12
.
6-19
1
$l'/2
Co.
^
Carter
...
6-11
7- 7
-
9-25
6-30
16c
(interim)...^.
(quar.)
preferred
Connecticut
f
6-17
$1
$114
Ky.
$3
Ltd.
6-21
7-
-
6-25
12-24
(quar.)
7-
15c
$114
$1 Va
—
6-10
Carolina,
3
6-18
12c
50c
6-30
t$2
6-30
9-30
Consolidated
•
6-15
(irregular)
1
7-
7-30
8-30
Connecticut Gas & Coke Securities—
7
6-16
6-30
40c
_«
6-11
500
..
8-16
12-31
Coniaurum Mines,
7-
•
1 i
7-
75c
50c
______
6-11
1
75C
—
Connecticut Light & Power,
$1V2
50c
(s-a)
common
(s-ft)-—-—f5c
Extra
■7-1
(quar.)
^
Limestone & Cement—
preferred (quar.)—.—---------Bethlehem Steel Corp., 7% pfd. (quar.)-—
Bibb Manufacturing (quar.)
——
t50c
(quar.)—
Carolina Power & Light, $6 pfd. (quar.)
$7 preferred (quar.)
_■—:
Carolina Telephone & Telegraph
(quar.)__
Carriers & General Corp. (quar.)
•
6%
7-21
____
(Philip) Mfg., common (quar.)
5%
preferred (quar.)
6%
preferred (quar.)
•_—
Cariboo Gold Quartz Mines (quar.)
6-15
7-
preferred (quar.)
1<
/ 6-11
(Ontario)-
7-7
7-21
137'/2c
6%
Nast
Quarterly
Quarterly
.Quarterly
A
class
Carey
6-15
1
$1V2
Boxes,
1
7-
$1%
-
(quar.)
(quar.)
^
7% pfd. (accum.)
Publications
(irregular)—.
5-31
6-30
J$1
Co., Ltd.— '
$3 preferred A (quar.)
Capital Transit
Co.___
Carbons Consolidated, Inc. (irregular)
5-12
7-
Wirebound
at Am.
7-
7-
(quar.
Gas Co.,
Confederation Life Association
6-30
Capital Administration
6-11
50c
Beech Creek RR. (quar.)
Beech Nut Packing Co. (quar.)
Conde
6
6-18,
(Accumulated)
6-11
1
6-30
+25c
(interim)
1
7-
^
-
6-30
5-
8-3
•
pfd.
preferred
6-30
7- 1
(quar.)
5(4%
Water,
$7 preferred
7-15
t37V2c
Westinghouse Co.
Canadian
1
$6
,,
Concord
$$1
7-
14c
(irreg.)
6-30
2%
B
6-25
6-21
Brothers, class A
preferred (s-a)—
7%
Class
6-30
7- 1
——$13/
(accum.) —
(quar.)——
6-30
7-31
.
t$2
class A
Canadian Wallpaper Mirs.,
7-15
^sc
7-
common
7-31
Payable
Commonwealth Water & Light—
(quar.)_»
(quar.)
class A
$1.50,
6-11
25c
6-30
& Sons, class A
Commonwealth
6-21
Silk Products—
Canadian
6-5
7-15
Creamery Co.,
6-12
(s-a)
preferred
8%
Cos.,
non-cummu!ative preferred
4%
5
35c
*
Oil
1
2
HolOere
When
Per
thare
of Compan*
7-
12c
(interim)—
Mines
Name
'
t$l3/4
——
Gold
Malartic
of Reo.
Canadian Pacific Ry.—
7i/2C
——
preferred
(quar.)--—
Beattie Gold Mines (interim)
preferred (quar.)
4531/2
$5
Beatty
1%
$1
(W. D.)
Beatrice
6-17*
1
Works__-__----------------t80c
Bath Iron
Beath
(quar.)
Class
7-
Corp., common (irregular)
,
5(4 % preferred (quar.)
--4Qc
Bastian-Blessing,
common
Canadian Industries, Ltd.,
2Qc
Brothers
Barker
(increased s-a)_—
class A-a1
Canadian Indemnity Co.
6-15
6-15
■:,:///
Holdere
7-
t$2
i$4
JSIW
;t$l^
Canadian General Electric (quar.)
;
6-30
■
thare
Name of Company
6-30
2Q
>i
7% pfd. (s-a)
Co. of Canada,
6-21
7- 1
50c
(N. Y.) (quar.)Bank of Am. Natl. Trust & Savings' Assn.—
Gammon (s-a)
$2 conv. preferred (quar.)
Bank of the Manhattan Co. (quar.)
Bank of New York (quar.) __
rBank of Nova Scotia
(quar.)
Bankers National Investing Corp.
Common (quar.)
■--**
6% pfd. (quar.)
Bankers Trust Co.
(N. Y.)_
"""""
of Yorktown
Bank
at Ree.
Payable
Holdert
Payable
thare
Company
Name 0/
'
(quar.)
}25c
•
7-
2410
'
•./'
;
:-t"'* '''I'■'■O.+ y,*-
'■
'•'
■
Per
Name of Company
Eastman
6%
Kodak
Co.,
preferred
(quar.)
common
(quar.)_
share
__
$iy4
$iy2
tl7y2c
$8%c
$1%
____
Easy Washing Machine, 7% preferred (quar.)
7% preferred (accumulated)
Eaton Mfg. Corp., $3.50 preferred (accum.)
When
;
7-
1
1
6-
6-10
7- 2 ;•>
General
Electric
Finance
6-10
General
1
6-18
6-25
3c
ordinary
Eddy Paper Corp.
'
-37V2C
Elastic Stop Nut Corp., commoni__
25c
6-30
6-10
Ecuadorian
Corp., Ltd.
;VWz2*y
7-
(Bahamas),
6-30
Elder
A
Co.
Electric
Controller
&
Electric
Household
Electric
Electrical
—
_
50c
Consolidated
(Seattle)
(Texas)
Co.
Gas
6-
$6
6%
6-22
6-21
6-19
General
7-15
6-30
7-15
6-30
if
$214
>
Gillette
Safety Razor, common
7-
7-15
7- 3
1
6-15
Brothers, $6 pfd. (quar.)
Girard Trust Co. (Phila.)
(quar.)
Gleaner Harvester Corp..
6-25
Glens Falls Insurance
77-
811-
1
7-
1
6-22
7- 1
6-22
56V4C
Glidden
6-29
25c
75c
1
1
6-24
7-
1
6-14
7-
1
6-14
7-
1
6-14
6-29
$114
$114
$1%
$l Va
25c
5c
Goeble
6-24
7-
6-21
7-
6-30
9-
1
12-
1
F.
R.
(quar.)
Co.
Publishing Corp
preferred (s-a)—...
________—.___
Farmers & Traders Life Ins.
Quarterly
preferred
6%
Federal
(Frank)
Fenton
7%
Extra
Filtrol
Co.
Co.
Firestone
pfd.
6%
(s-a)
Dyeing
&
First
(N.
Ins.
Y.)
(San
of
Haloid
Hamilton
3714c
Boston
7-20
7-
5
(quar.)
$214
7-
1
50c
7-
1
6-25
6-30
6-23
(quar.)
$1
1(6th
•
1
6-1
International
Minerals
3iy4c
7-
1
6-19
7-
1
6-19
7-
1
6-19
$2.25
7-
1
4%
6-11
Common
$2
10-
1
9-30
7-
1
6-14
7-15
6-30
6-28
6-18
$1%
7-1
6-21
(quar.)
7-1
Gas
Hazel-Atlas
Glass
Co.
Heath
(D.
Helena
6-30
6-15
Heller (Walter E.) Co., common
7-1
6%
6-28
6-
7-
1
6-15
(quar.)
_
International
5%
funds,
less
are
7-20
6-15
7-15
6-25
6-30
6-18
$1
Canadian
6-30
6-18
non¬
Ocean
Telegraph
(quar.)
Paper Co.—
pfd. (quar.)
conv,
International
Power
preferred
./
?
Co.-—
(accum.)
f$l%
International Silver Co.,
7%' pfd. (quar.)—
International Telegraph (Maine)
(irregular)
Interstate Dept."Stores, common
1
6-
7-
1
6-17
7-
1
6-21
7-
9
7 %
A
Salt
Co._
Shoe
preferred
6-10
Gas
(irregular)
7-
1
6-15
Investment Foundation 6%
7-
2
6-15
Investors
t50c
7-
2
6-15
25c
6-30
6-23
t$iy4
6-30
6-15
25c
6-21
6-
1
6-15
Iowa
6-30
6-15
7-
$114
6-30
6-15
6-15
30c
7-
6-17*
,7%
Iron
pfd.
7-
7-20
Utilities
dividend
Mfg.,
(quar.)
common
Island
1
6-15
6-12
6-16
6-30
7-
1
7-
1
6-30
6-30
7-
1
6-21
10c
6-30
6-19
5c
6-30
6-19
$1%
„
6-15
7-
1
6-15
Hercules
7-
1
6-15
Hershey Creamery,
6-30
7-
1
6-
1
6-
7-
1
6-18
7-
1
6-22
6-30
6-15
50C
6-30
6-15
6-30.
6-15
v
25c
(quar.)
(s-a)
'
—
n
;
Co., $6
preferred
preferred
$5 preferred
Jefferson
>
(quar.)
1
6-17
7-
1
6-17
7-
1
6-17
9-
1
8-10
12-
1
11-10
8-
2
8-
2
1
6-
7-
1
6-25
7-
1
6-25
Foundation
Four
Co.
Wheel
of
Canada, Ltd.
Drive
Fox (Peter)
Auto
(irreg.)—
Franklin
-
7- 2
5-31
7- 2
5-31
7- 1
5-31
iy4%
7-
1
V/4%
7-
1
5-31
$1.06y4
8- 2
7-19
$l>/2
7-1
6-15
50c
Johns-Manville
pfd. (quar.)
;
•6-30
6-15
6-30
6-15
25c
Co.
€-30
6-15
7-
1
6-10
7-
1
6-10
7-
1
6-10
6-24
6-10
$1%
■
$iy2
___•
$1%
Corp., common—
,
50c
Co.
Trust
Fundamental
Gair
preferred
Garfinckel
Special
(N.
Co., 6%
(Julius)
preferred
& Co.,
———___.
convertible
7% prior preferred (quar.)—
^
Higgins Industries, 6% preferred (quar.)
Hilton-Davis Chemical, $1.50 pfd.
(quar.)__
preferred
Gardner
Electric
com.
Light,
Power,
1
6-21
Hinde & Dauch
7-
1
6-21
Holland
Furnace
6-30
6-21
Holmes
(D.
7-
1
6-21
Holophane
20c
7-15
6-30
6-30
6-16*
7-
6-15
.
•___
(quar.)_
6-15
6-30
6-15
50c
6-30
6-19
$3
7-15
6-30.
$214
6-30
6-12
6-30
6-
1
7-
2
6-
1
7-
2
6-
1
preferred (quar.)___—f$114
514%
preferred (quar.)
J$1.38
class B (irreg.)
$3 partic. preference A (quar.)
General
General
General
6%
Mfg.,
25c
American Investors, $6 pfd. (quar.)
American Transportation-—
_
Brewing
Corp., common (initial)—
convertible preferred (quar.)_—
6-25
preferred
(Canada) (quar.)
Co.________
Ltd.
H.)
——
(quar.>
.
7%
Inc.
preferred (s-a)
(quar.)
Hooker Electrochemical, 6%
Hooks Drugs, Inc. (quar.)
Co.
Household Finance Corp., common
6-18
$114
7-
1
6-18
Houston
$1
7-
1
6-11
4
25c
6-30
6-15
Houston
15c
6-30
6-15
Howe
37y2c
6-30
6-18
Joseph
7-1
6-
7-1
6-5
7-
1
6-10
7-
1
6-16
7-
1
6-18
Kalamazoo
6-28
6-14
Kansas
$25c
•
v
50c
( 35c
*
15c
$1?
5
7%
preferred
(Texas), 6 %
Oil
Sound
Co.
4
(quar.)
6-21
6-30 "
$6 preferred
6-15
$6
$1 ya
6-30
6-11
—
7-
1
6-21
7-
1
6-19
Kaufman
7-
1
6-19
7-
1
6-19
7- 1
3714c
6-30
6-30
pfd.
6-30
•;
Stores
(irregular)
Keith-Albee-Orpheum Corp—
7% convertible preferred (quar.)
6-1,2
75c
Department
(accum.)_—
6-18
..
V ■"
...
.
.
'
:7.
.-
.
1
6-15
1
6-14
7-
1
6-15
7-
1
6-14
7-
1
0-15
7-
1
6-15
7-
1
6-18
7-28
7-16
:
$l3/4
7-
12V4c
7-
1
75c
6-15<
7-1
6-15
-$i%
n
A
6%
pfd. (quar.)
;
'
7-
1
6-15
7-
1
6-19
37l/2c
7-
1
6-18
7-
1
6-18
7-15
6-30
.
'
1
25c
class
B
Kentucky Utilities,
4
6-14
77-
1 37'/2c
Wheel,
Kelsey-Hayes
Class
1
15c
Company, 7% pfd. (quar.)__
Kearney (J. R.) Corp., common (quar.)
6% preferred (s-a;
6-21
75c
6-19
7-
50c
(quar.)
Kellogg Company ___:
(quar.)_
9-15
;8" 1
$iy0
(quar.)
_________
6-15
6-18
1'
10c
Kaynee
30c
1
$iy4
$1%
Drug Co., $4.50 preferred (quar.)
Kaufman (Charles) Ltd.
(quar.)
6-30*
7-
10-
$iy2
Katz
6-30*
6-18
$iya
6-19
1
7-15
7-1
$iy2
1
7-
7-15
6-18
15c
7-
$1
1
6-30
6-4
*& Light—
$1%
$1%
(quar.)__
4
7-
$2.95
(quar.):
6-
7-15
$is/4
Furnace
7- 1
7-1
25c
(quar.)————
Electric Power, 5%' pfd. (quar.)
preferred
4
50c
common
&
6-
$iy4
—
Power
6
,
fi-17
7-
$iy4
Kansas Gas & Elec., 7% pfd. (quar.)
Kansas-Nebraska Natural Gas, common
....
•
Stove
City
1
$114
'*
preferred (quar.)
Kansas
;
6-25
X'y'r -jh.'
v.
(quar.)__
Kalamazoo Allegan & Grand Rapids RR. Co.—
Semi-annual
Oil Fields Materials—
convertible
A
$6 preferred B
1
„•
class
& Feiss
Kahn's (E) Sons,
7-15
75c
preferred,
5%
6214 c
5%
$1.50
5% preferred class B (quar.)
Joplin Water Works, 6% pfd. (quar.)_
$iy2
—
i
6-18
7-17
50c
(quar.)—
7_
v..
1
30c
25c
pfd.
(irregular)
Horn & Hardart Baking (N. J.)
(quar.)
Houdaille-Hershey, class A (quar.)
Ball & Bearing
6-19
8-
,
t50C
__^—.
Honey Dew, Ltd.
Hoover
7-1
$1%
.
>
.7-
50c
7-20
6-19
$114:/
__—
(irregular)
Home Dairy (Mich.)
$2 class A (accum.) —
Home Gas & Electric, 6% pfd.
(quar.)__^__
Home Tel. & Tel. (Fort Wayne, Ind.)-r
Common (quar.)
Co.,
$1%
1
$114
(quar.
Paper Co.
(quar,)—
Jones & Laughlin Steel,; common—
7-30
3iy4c
(quar,)____
preferred (quar.)
—
Houston Light & Power (monthly)
75c
—
5%- preferred
6-15
6-30
ti5e
(irregular)
6-30
10c
____
5 %
Gemmer
1
3714c
1714c
_—
,
common
7-3
7-
30c
5%
Hinde & Dauch Paper Co., common
7-23
$114
(quar.)
—
:
10c
$114
(quar.)__
preferred (s-a)
6-15
$1
(quar.)—
common
6-30
$1
(quar.)
Packing Co.
Gatineau
6-15
$1%
(reduced quar.)__
Inc.
class B conv. pfd.
Garlock
5%
Hickok
6-15
6-30
15c
Y.)
Investors,
(Robert)
Gannett Co.,
6%
6-19
6-30
Corp.,
7% preferred
■
5-31
$i»/4
(quar.)__
Electric
7-
15c
__
6-28
Oil
$314
8
17c
25c
(monthly)
$1
(quar.)—,.—_
Fruit of the Loom, $3 non-cum. preferred—
Fuller (Geo. A.) Co., 4%
conv. pfd. (quar.)
Fuller Brush Co., 7% preferred (quar.)
^
Fuller Mfg. Co. (Kalazamoo, Mich.)——
Fulton
:
(s-at
Hibbard Spencer Bartlett & Co.
County Distilling Co., Inc.—
convertible
60c
6-30
preferred
50c.
4,
—■
-___
,
7-23
7%
25c
Brewing (quar.)
■
Extra
$35c
(quar.)
6-15
7-15
$ia/4
'
1
.
6-17
7-
"
7-15
7-1
1%%
•
Jersey Cent. Pwr. & Light 5'/2%
6%. preferred (quar.)
7% preferred (quar.)
:
■
6-21
7-
$iy2
(quar.)
Telephone, 6% 1st pfd. (quar.)
Jamaica Water Supply, common
(quar.)____
5
$114
Coal
Jamestown
5
7-
4y4%
6-19
$1
$1%
..
.
.
1
Public
Common
6-18
6-21 '
7-
15C
.7%
.
1
25c
Service Co., Ltd.—
(quar.)
preferred A (quar.)
7%; preference B (quar.)
'5%' preference C (quar.)
5% preference D (quar.)
f
6-18
50c
6-21
7-
30c
Common
6-16
37y2c
Creek
Jamaica
1
50c
6-15
6-30
6-21
7-
10c
6-28
7-1
6-30
1
$1%
Irving Air Chute Co. (quar.)
Irving Trust Co. (N. Y.) (quar.)
7-
6-15
7-
20c
6-17
6-30
>.
7-15
7-15
$1%
(accum.).
(quar.)
2
50c
6-15
$iy2
;
7-15
25c
7
1
30c
ctfs.
7-
-
7-
6-15
7-
Co.—
Ironer, common
preferred (quar.J
8%
1
6-30
$iy2
Ironrite
6
8-
•
$1%
arrears
Fireman
6-16
$ia/4
pfd. dividend arrears ctfs. (accum.)__
6y2% pfd. dividend arrears ctfs. (accum.)
6-30
6-15
ioc
6%'
25c
1
Southern
6-17
1
10c
(quar.)
preferred (quar.)
1st
1
7-
7-15
J75c
pfd. (quar.)
conv.
Inc
$6.50 preferred
$6
7-
$1
Public Service Co., common...
<$7 1st preferred (quar.)
5
6-15
25c
Iowa
—
6-15*
1
$1%
Investment Co. of America
%
-
1
7-
$i3/4
Interstate
2
"C"
6-10
7-
96>/2c
25c
(quar.)
6-16
7-
Fund
1
45c
(quar.)
6-30
Natural
7-
50c
Co.
40c
50c i*
7- 1
common
7-15
pay¬
International
(quar.)—,
Extra :
6-19
8-16
~~
International
$3
Helme
9-15
6-19
7-15
$iy4
(quar.)
6-30
..—_
50c
*■■■
1
tax.
International
7
25c
(George W.) Company, common
7% preferred (quar.)
—
Henkel-Clauss, $6 preferred (quar.)_...
7-
6-19
7-
50c
6-30
25c
6-15
10- 1
6-15
1
(quar.)_
7-15
(quar.)__—
6-20
$8%
6-15
7-15
12»/2c
__^___
7-15
-
1
3714c
S.
tlOc
6-30
Corp.
7-15
7-
37J/2c
6-18
7-
—__;
Motors
t20c
4371/2C
r
6-30
■
6c
y 3714c
3714c
6-19 ;
1
50c
Extra
preferred
1
6-29
■
7%
7-
7-
6-15
Rubenstein, class A .(quar.)
7
25c
$1 y4
1
U.
6-25
6-
43 %c
6-16 i'
6-16
$114
6-19
$l>/2
7-
in
resident
6-25
1
$1.25
75c
/
2
2
—
i
6-24
7-
6-21
able
1
(quar.)_.
35c
—
6-19
6-17
(quar.)
pfd.
6-15
7- 2
1
(quar.)
7-1
7%
6-30
7-
7-
(quar.)
Co.i
6-30
6-30
}$4
(quar.)
above
50c
7-
&
6-30
7-15
f$i
__i__
tlOc
25c
C.)
7-15
10c
t$iy2
preferred
$1%
50c
——
$iy4
(s-a)__
2
$1.50
pfd.
6-11
6-30
Common
—«.—
$114
.
6-28
8-
7-
■
'
7
6-21
8-
.
Co.) common
Furniture,
6-21
6-
The three payments shown
6-28
(quar.)—
;8%< preferred (quar,:)
Haverty
1
1
;
6-30
6-19
$iy2
Chemical
Hartford
••
77-
1
50c
(quar.)
Hartford Fire Insurance (Conn.)
6-18
50c
7-
—
Harshaw
50c
______
6-11
6-15
jsoc
15c
;
6-19
6-18
1
8%c
$50
Harrisburg Gas, 7% pfd. (quar.)
Harrlsburg Hotel (Pa.) (irreg.)
9-20
7-
6-30
$is»/4
Harbison-Walker Refractories Co.—
9-30
6-16
$1%
7%
2%
Hanover
7-1
1
(quar.)
25c
6-30
$1%
6-30
7-
preferred
(quar.)
7%. pfd. ($5 par) (quar.)
(extra)_
6-15
<$114
$1
$114
7-15
30c
$13iy4-
6-19
—__
1
__
6-16
International Nickel (Canada)—
7%
(quar,)
1
6-30
1
Chemical—
(irregular)
preferred (quar.)
6-25*
7-1
$1%
(quar.)
common
7-
$1%
3
'7-
30c
3
1
(interim)
7-
—
&
20c
(s-a)
3
6-
7-
80c
(stock dividend)
Carpets
6-
1
25C
—
(s-a)
Class A & B
preferred
6-
1
7-
Common
31%c
Class
6%
6-21
1
7-
50c
Milling, 5%
7-
—
6-30
Harding
1
7-
$iy2
liquidating)
International
(quar.)___'i
6-15
•
7-
$l»/2
International Match Realization
Co., Ltd.—
7-15
.
6-21
$13.50
Harvester, common
International Holdings, Ltd.
6-15
(quar.)
1
—
Ford Motor Co., Ltd. (interim)—
Foreign Light & Power 6% 1st pfd. (quar.)
Foresight Foundation,, non-cum. class A—
Formica Insulation Co. (quar.)
Foster & Kleiser Co., 6% class A pfd. (quar.)
Foster Wheeler Corp.,^6% prior pfd. (quar.)
6% prior preferred (quar.)
$7 conv. preferred (accum.)
2
1
f50c
International
6-15
1
8-
6-26
6-29
7-
$l>/2
—
>
2
25c
1
—
Light, $7 preferred
Florsheim Shoe Co., class A
Class B (quar.)
Food Machinery Corp. (quar.)—
Forbes & Wallace, $3 class A (quar.)
7-
International Cellucotton Products
Extra
6-30
Co
(NY)
5-28
7-
7-30
50c
U2V2
Insurance
6-30
flOc
f30c
13%c
$2
(quar.)—,
$4 non-cummulative preferred (quar.).—
Fishman (M. H.) 5%> preferred (quar.)_
Florence Stove Co. (quar.)
6-21
6-30
$15c
(quar.)
7-
Fire
4-16
20c
$$l»/2
(extra)
8
(s-a)
Steamship Co.
International Bronze Powders, Com.
(quar.)
%6%, participating preferred (quar.)—
America—
class A
Co.,
7-
Interlake
12c
$20
preferred
2
$3
_j.
Co.,
6-30
5%
(s-a)
2
$iy2
1
7-
B
America
6-
50c
6214c
_
&
Paper
Oil
North
6-
(quar.)
preferred
Hanoock
of
2
i_——
com.
2
50c
Co.
2
(s-a)
$1% part pfd. (quar.)__
Cotton Co.,
8-
25c
7-
_r
(Nova Scotia)
6-15
$$2
$3
$25c
preferred (quar.)__
pfd.
6-11
1
Extra
6-15
Brewery
1
15c
7-
2
(quar.)
77-
«
f25C
7-
25C
Pittsburgh (quar.)__
—_____
Co.
414%
6-18
$1%
$20
(quar.)—
First National Stores, Inc. (quar.)
First State Pawners Society (Chicago)
'
7-15
6-17
f$iy4
Certify Inc. (Md.)
Inter-City Baking, Ltd. (interim)
Intercolonial Coal, common (s-a)
8% preferred (s-a)
•
6-30
6-18
$2
Insuranceshares
6-15
Hammermill
1
6-23
2
6-25
7-
6-17
1
Insurance
6-17
1
50c
6-16
$1
1
7-
25c
preferred (quar.)—
Hamilton Mfg. Co. class A partic. pf. (quar.)
Hamilton United Theatres, 7.% pfd. (accum.)
(s-a)
7-
7-
2
6-30
6-30
$1.50
Inspiration Consolidated Copper
,
8-
6-15
Co.—
^___
Industrial Rayon Corp
Ingersoll-Rand, 6% preferred (s-a)
Inland Investors, Inc. (interim)
.
1
5c
convertible
$2
6
11-
11-15
43%c
6-12
7-
6-21
1
35c
Industrial Acceptance Corp.—
5% convertible preferred (quar.)
6-15
1
9-20
12-20
7-
25c
Motorcycle, 6% non-cum. pfd. (s-a)
Indianapolis Power & Light, common
5%% preferred (quar.)
1
Indianapolis Water Co., 5% pfd. A (quar.)_
,
9-30
12-30
$1%
Indian
,
6-15
2
35c
(quar.)
6-18
1
7-15
2
7-
25c
Guaranty Trust Co. (N. Y.) (quar.)
Gulf Oil Corp.
(quar.)
Gulf Power Co., $6 pfd. (quar.)
Hackensack
Water
Co.,
7%
pfd. class
6-30
6-28
7-
7-
7-
7-
North
Halifax Insurance
$2
6-22
reduced)
(quar.)
;
7-15
15c
6-30
6-30
62yac
(quar.)
7-15
75c
7-15
50c
Extra
7-26
(quar.)
—
(N. Y.)
Power
1
20c
(irregular)__
(quar.)
7-26
First National Bank of Mount Vernon (quar.)
First National Bank of New York (quar.)__
Florida
7-
6-10
9
5
common
of
Co.
25c
—
Fran.)
First National Bank
$5
6-30
$6
1
62y2c
Corporation
$1.18%
(Jersey City)
Brothers,
6-30
7-10
7-
$1V4
System 6% pfd. (accum.)
class A (quar.)
Co.,
preferred
(s-a)
& Chemical, $3 pfd. (s-a)
Service, 6% pfd. (quar.)__
Michigan Elec., 6% pfd, (quar.)
7%; preferred (quar.)
6-30
.
!
6-21
(quar.)—
>0.2444
Oil
;(Montreal)
>
)
(quar.)
First National Bank
of
7-10
$iy2
______—
Guarantee
6-21
80c
__
First National Bank
5%
6-10
6-15
Field.
6-
1
6-
Griggs Cooper & Co., 7%
6-15
6-30
7-
6
Western
1
'
7-
6-23
1
6-18
t75c
6-15
7-2
1
62y2c
—
6-21
&
7-
;
6-15
General
Indiana
$1%
(quar.)
1
6-30
Gas
Indiana
6-18
5
7-
7-
Indiana
6-21
6-19
6-30
50c
6-12
1
6-
Griesedieck
7-15
1
1
7-
1
6-30
7-2
7-
7-
$1
6
Wire
Watch
6-12
7-
$is/4
Imperialle Fuels, 6'/<* partic. preferred
Incorporated Investors
Independent Pneumatic Tool, vtc__!
$1%
Cooperage,
Group No.
1
7-
7-15
6-15
7-
7-
6-30
1
6-11
56y4C
:
7-15
*7-
6-25
1
t75c
Co. (quar.)
Water
Common
6-15
1
6-30
30C
___i
Bros.
Gruen
(quar.)
Rubber.'
Bank
^Quarterly
Quarterly
Greif
7-
7-
6-19
6-30
Imperial Bank of Canada (quar.)
Imperial Chemical Industries, Ltd.—
Ordinary shares (final)
Imperial Tobacco of Canada ord.
(int.)—_
7-10
t$3%
Common
Greenwich
1
preferred
6-19
6-30
t$i
Leased
8
7-
(quar.)
1st pfd. (quar.)__
(quar.)
Greyhound Corp. (Del.), common
514 % preferred (quar.)
20c
Extra
Fisher
6r19
$1%
First National Bank (Chicago)
Quarterly
6-19
6-
1
7-26
5c
——
Tap & Die, $6 pfd.
(B.)
6-30
8-
25c
Participating
6-12
* 60c
(California) (s-a)
of Pennsylvania (quar.)
National
(H. L.)
Greenwich Gas Co,,
6-12
3c
(annual)
under Marshall
see
&
Green
9-11
2
(quar.)
6%
preferred (quar.)
Green (Daniel) Co., 6%
10-1
1
Lines, 4% gtd, (s-a)
Commercial Telephone
$6
50c
7%
Co.—
—
Tire
•
Greening
6-30
Illinois
6-18
—
preferred
Great Western Sugar, common
6-11
25c
Fund
2nd
7- 1
7-
6-20
1
(interim)
(interim)___
50c
(NY)
Sons., common
preferred (quar.)__
Fireman's
6%
9-15
6-30
1
7-
40c
(s-a)
15c
Co.
(Wm.)
Finance
Lakes Steamship
Great
12-15
6-30
7-
75c
$114
Trust
Bank
Avenue
9-30
6-15
:
Great West Life Assurance (Canada)
Great West Saddlery,
•
(Wash.,
Gas
&
•
4%%
6-15
12-20
6-15
1
63c
50c
Cleaning
(Marshall)
Filene's
6-30
35c
(quar.)
Corp.
;
,Extra
Fifth
6-10
25c
Fidelity & Guaranty Fire Corp. (Bait.) (s-a)
Fidelity-Phoenix Fire Insurance (s-a).——
Field
7-
10c
preferred (quar.)
(B. C.) Brewing
Fernie
6-18
75c
Brewing,
United
7-
$214
$214
(quar.)
Bank
6-12
Greenfield
(quar.)
common
Finance
&
Water
6-12
7-
$114
common,
Federation
6-12
7-
1
7-
25C
i
$2 class A partic. preference
$2 class B partic. preference
9-16
7-
7-
—
4
10-
Ideal
preferred class B
6-30
$1%
Illinois Bell Telephone (irregular)
Illinois Central RR.—
Co.
8-17
50c
6-19
Cement
1
6-15
1
$i3/4
6-30
5%
6-
9-
68%c
a
6-15
(quar.)
prior-pfd.
5%
(quar.)
6-18
Fisheries' (quar.)
Mills,
preferred
1
6-30
t
7% preferred
(quar.)
Hyde Park Breweries Assoc
Hydro-Electric Securities Corp.—
6-15
$114
Grand Rapids Varnish • (resumed &
Great American Insurance
(N. Y.)
Great Lakes Paper Co., Ltd,—
(Syracuse, N. Y.)
(Jersey City)
Services
preferred
Fehr
8-16
Truck
Motor
C.),
8-30
(s-a)_
Federal Insurance
D.
5-
i
Federal Bake Shops,
Federal
6-30
—___
Quarterly
Federal
6-25
15c
3c
50c
37!/2c
37V2c
t25c
37V2c
$114
$114
Family Loan Society, common (increased)-$1V2 convertible preferred A (quar.)—
$1V2 convertible preferred B <quar.)_
Famous Players Canadian Corp,, Ltd
Fanny Farmer Candy Shops (quar.)
Fansteel Metallurgical, $5 pfd. (quar.)_.
$5 preferred (quar.)
$5 preferred (quar.)
—
5%
6-15
7%
8
7-
ioc
1
Grant (W. T.) Co.,; common (quar.)
5% preferred''(quar.)
6-15
6-30
Gosnold
1
5-28
$n/2
(quar.)
Mortgage Corp. (London, Ont.)
—_—
6-10
common
GortOn-Pew
6-10
_—
Falconbridge Nickle Mines (interim)
.
Falstaff Brewing Corporation
(quar.)—
6%
1
6-30
$7V2c
Y.)__
6-30
25c
25c
N.
(quar.)
1
$1 y4
(quar.)
preferred (quar.)
5%
_____
(Syracuse,
preferred
7-
preferred
6-16
6-12
6-28
7y2c
1
Brewing Co.
(quar.)__,
Stock Telegraph
(quar.)__
&
J$,l
:
Quarterly
Hussmann-Ligonier Co., 5%% pfd. (quar.)__
Huttig Sash & Door, 7% preferred (quar.)__
6-21
6-10
Common
.
Corporation
1
1
(irregular)__
Goodrich (B. F.) COi, $5 preferred (quar.)
Goodyear Tire & Rubber (Canada)—
11-20
7-
Gold
1
$ii/„
87V4C
(quar.)_
Goldblatt Bros., Inc., $2V4 conv. pfd.
Golden State Co., Ltd. (quar.)
3-21
$1.25
65c
15c
<
6-15
$1.25
Co.,
Ltd.__
1
37y2c
$1%
(interim)
4l2% conv. preferred (quar.)
Globe-Wernicke, 7% preferred (quar.)
Godchaux Sugars. Inc., class A (quar.)
$7 preferred
(quai\)_^
6-15
6%
Huron & Erie
,
6-21
1
7-
(quar.)
Co.
6-21
77-
'
7-
Gimbel
2
30c
30c
35c
Co.,
6-25
$5 preferred (quar.)_
1
6
Bay Mining & Smelting
50C
7-15
6-30
40c
$1%
C.)' Co., $3.50 preferred
6-21
2V4%
(s-a)
7-
(quar.)_
Co.
(A.
7-
7-
7-
40c
(quar.)___
Art
6-30
$is/4
preference
$114
Rubber, 6%. pfd.
6-21
$l%v
;
Oil & Refining 1
Fibre, common
preferred (quar.)
Humphreys Mfg. Co., common
6
$l1/2
$5 preferred (quar.)
$6 preferred
50c
Insurance
&
6-30
6%
6-18
$lVa
Gilbert
$iy2
75c
Excelsior
7-
1
62y2C
Tire
5%
6-18
$1(4
(quar.)
Humble
6-30
Gibson
(quar.)——
Eversharp, Inc., 5%
2
6-
6-15
Power Corp., $6 preferred (quar.)__
Empire Trust Co. (N. Y.i (quar.)__
Employers Casualty Co. (Dallas) (quar.)
Quarterly
Emporium Capwell Corp., common (quar.)
Ex-Cell-O
1
8-
7-
7-
Georgia Power,
3
6-10*
7-
66c
6-29
6-11
——
$iy4
$1.25
—
20c
General
7-
6-16
6-30
Telephone Corp., common (quar.)__
pfd. (quar.)__
—
Time Instruments, $6 pfd.
(quar.)
General
1
1
7-
1
7-20
7-
30C
7- 1
..
Hudson
$114
6-30
«
7-10
1
(s-a)______
General Shoe Co., 40c preferred
60c
4V»% preferred A (quar.)—;
Emsco Derrick & Equipment (irregular) —
Endicott Johnson Corp., common (quar.)
5% preferred (quar.) ____
Engineers Public Service, $5 pfd. (quar.)
$5.50 preferred (quar.)—________
—
$6 preferred (quar.)————
Equitable Investment Corp.. (Mass.) (irreg.)
Equity Fund
Erie Railroad,
<
$5 preferred (quar.)
$5 preferred (quar.)
2
Co
General Refractories
$lya
__
8-
7-
of Rec.
6-30
Hummell-Ross
(quar.)____
preferred
6-19
6-19
(quar.)_
Empire
Hudson's Bay Co.,
10c
$3y2
$3
(s-a)___
v
6% 2nd preferred (quar.)
Emerson Drug Co., 8% pref.
6-19
22'/a c*
;
1
6-30
$1.60
$lVa
%
1st preferred
6-19
1
25c
(quar.v
preferred
1
Ely & Walker Dry Goods—
7%
1
7-15
6c
(quar.)—
$5 pfd. (quar.)
$2.67 pfd. (quar.)
7-
—
common
7-
7-
$iy0
Corp.,
—
Co.,
25c
$1%
,—
Corp.,
7-
20c
25c
$2V2
$2%
(s-a)__
(quar.)
6-25
General Railway Signal, common
9
—
(s-a)
7-26
Printing Ink, common
6-19
6-22
$4Va preferred (quar.)
Natural
General
1
—
Electric
Paso
Paint
1
preferred (quar.)
Paso
Motors
General
7-
Elmira & Williamsport RR., 7% pfd.
El Paso Electric (Del.), 6% preferred
El
General
7-
Elizabethtown Water Co. Consolidated
El
Mills,
6-19
6-17
1
6-30
Electrical Products Corp. (quar.)
:
Elizabeth Consolidated Gas
(quar.)___
7 %
General
1
1
75c
Products
5%
6-19
7*
25c
(quar.)
Howes
interest—
7-
Manufacturing Co.—__
Quarterly
beneficial
of
7-
Utilities—___________—
Battery
Storage
Certificates
506
(quar.)
■
Auto-Lite
6-15
15c
$1 J/<
*
Mfg. Co., common
Class
Electric
6-10
'
preferred (quar.)
General Foods Corp., $4.50 pfd. (quar.)____
General Instrument Co.
(NJ)
(irregular) —
General Investors Trust (Mass.)—
6-10
1
7-
preferred (quar.75c
1
Holdery
Payable
12V4c
Brothers, 6% pfd.
7% 1st pfd. (quar.)
7% 2nd pfd. (quar.)
Hubble (Harvey)
(quar.)
7%
6-15
6-21
_
6%
7-
share
Howell Electric Motors
5c
General Fireproofing Co., common
6-30
(quar.)
Name of Company
„
6-19
35c
25c
__
Economy Grocery Stores Corp.
;-v
1
Co.
(quar.)
Corp. (quar.)
When
of Rec.
7-
iy2c
Baking Co., $8 preferred (quar.)___
General Box Co. (quar.)—
5
Payable
$2
General
6-5
7-
share
Name of,Company
of Reo,
Holders
When
Per
Holdert
Payable
$iv2
Number 1189
Volume 157
2411
THE COMMERCIAL & FINANCIAL CHRONICLE
,
••
'
Hoktert
';-X--'F'er^.;;-1:-;; .;.V fFA#»»
;
-
Name of Company
Corporation
Kennecott Copper
'Special
25c
25c
8%o
_
-
-
-
(quar.)-
Keriyn Oil Co!, class A
'Class B
;
(interim)
Kerr-Addison Gold Mines
■
::
_
■
(quar.)_
Keystone Public Service, $2.80 pfd.
Kidde (Walter) & Co.—
Kimberly-Clark Corp., eommon____.———
6% preferred (quar.)
—
Kings County Lighting—
;
5</0 preferred "D" (accumulative)
6% preferred "C" (accumulative)
?:T/o preferred "B" (accumulative) —
Kirsch Co., $iy2 preferred (quar.)-—--,--,.
& Co.,
(Emil D.)
Knapp-Monarch
Co.,
preferred
$2V2
common
2&C
*7c
70c
50c
25c
$1V2
■
.
(quar.)
Koppers Co., 6% preferred (quar.)
Kresge Department Stores—
4% convertible 1st preferred (quar.)
•
a
®"??
7- 1
7- 1
7- 1
7- 1
7- 1
7- 1
7-1
6-26
7- 1
7- 1
7-1
20c
62>/2c
67y2c
$lJ/2
—
7-1
7- 1
7- 1
$1
Kroger Grocery & Baking—
6%
2nd
(quar.)
(quar.)
La Crosse Telephone Corp., common
preferred
(irreg.)
6%
preferred (quar.)
La Plant Choate Mfg. $1 conv. pfd.
Loan
Lambton
preferred (quar.)—.
$1%
$1%
17'/2c
15c
(quar.)—,w.
(quar.)
La
Plante-Choate
La
Salle
(quar.)
Mfg.
Corp.—
Industrial Finance
preferred (quar.)
(irregular)___
Lawyers Trust Co. (N. Y.) (quar.)
Leath & Co., $2.50 preferred (quar.)
(liquidating)
& Iron
Lebanon Steel
6c
7-15
7-15
7- 1
30c
25c
62M>c
50c
___•
(quar.)—
Lehigh Portland Cement, common
preferred (quar.)
<4%
preferred (quar.)
Lehigh & Wilkes-Barre Corp
Lehman COrp. (quar.)
■
4%
37J/2c
$1
SI
$2
25c
25c
Extra
Stores
preferred (quar.)
7%
(Charles)
Corp.,
common
preferred (quar.)—
Levy Brothers, Ltd. (interim)
Lexington Telephone Co., 5.2%
Liggett & Myers Tobacco—
7% preferred (quar.).
4Vt%
pfd.
(quar.)
(Ind.)
Lincoln Nat'l Life Insurance
Quarterly
Link
Belt
Lion
Oil
Co.,
1
6V2%
Co.
Refining
Lipe-Rollway Corp.,
(quar.)
Extra
$1%
50c
Sl'/a
tlOc
$1.30
7- 1
7- 1
7- 1
8- 2
7- 1
10- 1
6-22
6-30
6-30
7- 1
7-15
8- 2
8- 2
7-15
B
(quar.)
>
(Marcus)
pfd.
(P.) Co.,' common (interim)
(quar.)
Louisville Gas & Elec. (Ky.) common
5% pl'd. ($100 par) (quar.)
5% pfd. ($25 par) (quar.)
Ludlow Valve Manufacturing Co., Inc.—
5Vj% conv. preferred
Lunkenheimer Co., 6Vi% preferred (quar.)__
6Vi % preferred (quar.)—
6l/2% preferred (quar.)
Lux Clock Mfg.
(irregular)
Lorillard
preferred
r
.
RR. & Coal (s-a) J
Lynchburg & Abingdon Tel. (s-a)
Lynn Gas & Electric (quar.)
MacAndrews & Forbes Co., common
6% preferred (quar.)
Macy (R. H.) & Co. (quar.)—'——:
Magor Car Corp. (irregular)
Magnin (I.) & Co., 6% preferred (quar.)—
6% preferred (quar.)
Mahoning Coal RR., common
f. ' 5% preferred (s-a>
L__
Mansfield Tire & Rubber, 6% pfd. (quar.)—
Manufacturers Life Insurance (Toronto)—
Lykens Valley
»
—
Manufacturers Trust Co. (N. Y.)—
Common
(quar.)
$2
convertible
preferred
Consolidated Mfg. Co. (quar,)___—.
Mills, 6% pfd. (quar.)_—
Marchant Calculating Machine
(quar.)
%Margay Oil Corp ;(quar.)__•—...—
Marine Midland Corp.:
Marion Reserve Power, $5 pfd. ?(quar.)
'Marion Steam Shovel, preferred—.
Marion Water, 7% pfd.
(quar.)—
Maritime Tel. & Tel., common (quar.)—
:7% pi'eferred (quar.) —a—~—.
Mapes
Marlin-Rockwell Corp.
Marshall Field & Co., 6% pfd. (quar.)—
6% preferred, second series (quar.)
Marven's Ltd., 6% preferred (quar.)
•
Maryland Trust Co. (Bait.)
Masonite Corp. (extra)--
Alkali Works, common
preferred (quar.)
Mathieson
Mattiessen & Hegeler
:
s
50c
f$l%
75c
6-30
6-30
9- 1
9- 1
12-1
12- 1
6-28
$2
25c
37'/2c
7- 1
7- 1
7- 1
7-24
$1V4
3iy4c
7-15
7-15
27 Vic
$1.62y2
7- 1
7- 1
10- 1
1-3-44
7- 1
$l3/4
$1.62Vi
$1.62 Mt
25c
40c
$3
$1/4
7- 1
7-1
$lVi
6-30
7-15
7-15
7- 1
6-30
8-14
$lVi
$5
$iy»
30c
11-15
7- 1
7- 1
7- 1
7- 2
35c
$lVi
50c
$1
7- 1
7-15
50c
7- 1
$lVi
$1V4
$l3/4
$1%
7- 1
7-15
7-10
7-1
7-1
7- 1
7- 1
U7V2c
tl7*/ic
7-15
7-15
81
$lVa
$iy2
t$lVz
50c
25c
25c
$1%
7- 1
6-30
6-30
37V2c
'25c
8c
6-30
6-30
7-10
6-30
6-30
Zinc—
—
$7
8-31
Department Stores
Mackinnie Oil & .Drilling——
Mahon (R. C.) Co., $2 class A pfd. <quar.)„
$7
75c
2c
50c
11-30
9- 1
7-1
7-15
_
7%
preferred (accum.)__._.
'7% preferred (accum.)
Mav
Extra
Merchants
6-11
Merck
6-19
5V4%
4
6-10
3
9-
12- 3
6-19
6-25
Refrigeration 7%
pfd.
7%
8%
6-30
Midvale
6-19
Midwest
7-14
Millers Falls .Co.,
7%
.5-14
50c
$3
$3Vi
25c
7-20
6-28
6-24
Modern Containers,
5j/2%
6-19
$1V2
$1%
$lVi
60c
$3
preferred
Moneta
6-15
(quar.)—
11-24
<irregular)
Utilities,
Common
8-25
Montana-Dakota
11-24
6-14
6-16
Montreal Telegraph
6-22
Moore
6-22
7%
6-15
77c
6-11:
Moore
;—
Irregular
6-21
7%
6-30
preferred
Munson
Line,
Murphy
6-19
Common
9-21
;5y2 7c
6-15
6%
6^11
6%
6-30*
6%
■
6-30*
$4 pfd.. A
.
Ry.
6-19
Power,
6%
>
87c
5
(F. E.)
Nashua
Extra
6-15
Norwich
No-Sag Spring
Novadel-Agene
7-1
10- 1
1-3-44
6-15
6-30
f
;
67c
;
Auto
Fibres
convertible
6-21
<:
6-19
7%
preferred
National
6-18 /
Candy
6-15
6-15.
National
8
Folding
National Fuel Gas Co.
National
8-16
$1.50
11-15
8-14
6-22
6-30
National
•:
preference
Investors
com.
12- 1
11-25
6-21
6-15
6-15
6-19
6-10
6-28
9-28
6-17
9-16
preferred (quar.)
■
5%
preferred
(quar.)
5%% pfd. (div, for two months period)
Ohio Service Holding Corp., $5 non-cum. pfd.
Ohio
Water
Service,
$3
preferred
$5'/2
Omnibus Corp.,
8%
conv.
(interim)
(quar.)_
6-301
Oppenheim Collins <te Co.
3c
50c
50c
75c
$1V4
6-306-30
6-15
6-16
6-19
Ottawa
Electric Ry.,
Ottawa
Light, Heat & Power,
7-la
6-28
6-28
7- 1
5%
Otter
preferred
Tail
12- 1
11-10 i
—
(quar.)__
J50c
7-15
7-15
7- 1
6-11*
6-30
6- 2
77777-
6- 2
6-11*
6-11*
6-11*
6-11*
$44c
25c
25c
$1%
$1%
25c
$1%
50c
50c
75c
20c
12y2c
1
1
1
1
1
7-15
6-30
8-2
8- 1
8- 1
7-1
7-15
6-30
6-15
7-10
7-17
7-17
6-7
7- 2
&
(s-a)—
common
—-———
7- 1
7- 1
7- 1
7- 1
6-25
7-1
7- 1
6-30
6-28
7- 1
7- 1
7- 1
7- 1
7- 1
>; 7- 1
7- 1
7- 1
7- 1
7- 1
7- 1
7- 1
7777-
1
1
1
1
com.
(quar.).
Electric
Greyhound Lines,
Pacific
Indemnity Company
$3.50 pfd.
(quar.)
(quar.)
Pacific
Lighting Corp.', $5
Public Service, (quar.)..
pfd. (quar.)
Pacific Southern Investors, $3 pfd. (quar.)..
Pacific Tel. & Tel., common (increased)
preferred
Pacolet Mfg., 7%
—
preferred series B (s-a)
(quar.)
Panhandle Eastern Pipe Line, common
—
Pend Oreille Mines & Metals Co.
8- 2
7-23
Peninsular
2c
10-30
10-20
^Common
50c
25c
7- 1
7-15
6-24
6-30
t40c
7-1
7- 1
10c
12y2c
7-20
6-30
6-1
6- 1
6-30
6-11
$1V4
8- 2
7-23
Telephone,
common
6-19
6-19
6-19
6-19
6-21
6-15
6-15
6-15
6-15
6-15
6-15
6-15
6-14
5-28
6-11
6-15
6-15
6-15
6-15
>
6-15
6-10
6-10
6-10
6-15
6-19
6-19
6-19
6-19'
6-16
6-11
6-15
6-15
6-15
6-21
7-
1
6-15
6-10
6-
1
5-10
5-10
Traffic
Co.
(quar.)
(irregular)
class A
Penney (J.\C.) Co. —
——_
Pennsylvania Co. for Insurances on Lives &
Granting Annuities
(Phila.)
(quar.)_
7-15
6-30
6-18
6-15
6-30
6-18
6-11
6-16
6-30
6-19
6-19
6-15
6-30
"6-18
6-10
7-
1
6-15
7-1
6-30
6-30
6-19
60
7-28
6-26
50c
50c
50c
...
—.
7- 1
6-28
6-21
$3
(quar.)
.Common (quar.)
—
$1.40 cumulative class A- (quar.)
$1.40 cumulative class A (quar.)
.
6-15
6-15
30c
25c
(interim)
(quar.)
cumulative
50c
$1
...
...
7- 1
7- 1
6-30
7-15
7- 1
7- 1
7-15
6-28
6-30
6-30
7-15
6-30
6-30
7-1
7-15
50c
preferred' (quar.)
—
Companies, common
(quar.)
•4% preferred (quar.)
Paramount Pictures, Inc. (quar.)
Parker Appliance Company (quar.)—
Peerless Casualty (N. H.) 6% pfd. (s-a)—
Penn
6-30
6-30
7-15
$1.40
$5.60
Paraffine
$1.40
6-30
7-15
$iy2
$3y2
$3V4
tSlVi
(quar.)..
pfd. series A (s-a)—
Page-Hershey Tubes
;
6-30
8-16
50c
25c
50c
87'/2c
50c
$iy4
10c
75c
$iy2
(quar.)...
Pacific
7%
6-15
8-16
6-30
7- 1
7- 1
7- 1
$l'/8
(quar.)
Telegraph (s-a)
(quar.)
Gas
6%
6-24
6-15
$1
35c
75c
t50c
-fl5c
t$l3A
series
Pacific
J37y2c
—
(irregular)
(quar.)
Pacific
2c
(quar.)_
com.
(quar.)
Atlantic
15c
(quar.)
6-23
6-23
Power—
dividend
$4y2
30c
15c
;
6-23
7- 1
7* 1
7- 2
7-15
7-26
7-26
7-15
7- 1
7-1
7- 1
7- 1
t$1.75
80c
preferred (quar.).
(quar.)
Products Co., Ltd.—
preferred
6-20
6-20
7-15
7- 1
7- 2
"
Co.
Ontario Loan & Debenture
7%
6-10
7- 1
7- 1
7-1
'
Common
6-10
25c
$2
t$lV4
(quar.)
Insurance
Ontario Steel
6-2
$1%
$5
(quar.)
convertible prior preferred
Colony
6-21.
6-21,
6-30
6-30
6-30
6-30
7- 1
A
(quar.)__
(Mass.) (quar.)
Old Colony Trust Associates—
1st Series trust shares (quar.)
Old
1
6-21
t25c
class
Oklahoma Natural Gas, common
15c
(quarterly)
preferred B (quar.)
12i*>aJfc^L2-16
6%
&
(interim)-—
$1V4
$1 Va
$2.50
$1%
$iy2
$1%
913/5c
$13A
prior preferred (quar.)
preferred (quar.)
—_
Mississippi Telegraph (annual)
Ohio Public Service, 7% preferred (quar.)—
&
6-198-10
"(quar.)
Corp.
(reduced quar.).
5%
Ohio
7- 1
9- 1
common
Grocers,- Ltd.,
National Lead Co.,
6%
8-26
7- 2
7- 1
7-1
7- 1
6-30
•
Box,
$lJ/2
$1.65
$1%
$1.80
20c
(quar.)
Co.
Electric Welding Machine
t25c
$3
$1V4
(quar.).
(quar.)
Co., common
Can
Quarterly
6-8
preferred
Pacific
National
6-15
$7.20
Ohio Finance
6-19
6-19
6-15
6-18
9- 1
6-30
6-18
6-15
•
6-19
...
$6 pfd. A (accum.)—..—
$5 preferred
6-19
6-23
6-10
6-19,
6-21
6-24
6-14
"77c
6-11'*
6-30
7-15
6-29
6-29
(quar.)—
(quar.)__
Co.,7common
fSlVi
7V2c
75c
(quar.)
:
(quar.).
preferred (quar.)
$7 preferred (quar.).
7- 1
7-1
Extraf
1st'preferred (quar.)__
i
77c 2nd preferred (quar.)___
National Cash - Register (quar.)—.—d
National Casket Co.,1 $7 preferred (quar.)__
National City Bank (N. Y.T (s-a)
National City Lines, Inc., Class A (quar.)__
$3 conv. preferred
(quar.)
National Dairy Products (quar.)_
National Department Stores (quar.)
—
6-15
(quar.)
preferred
7- 1
Co.;
(quar.).
$6.60
50c
$1%
93%c
gtd. (s-a)—
pfd. (quar.)
Breweries,. Ltd., common
National
6-30
Ohio Cities Water,
40c
;
conv.
preferred
Corp.
Ogden Corp. (intial) ,i
Ogilvie Flour Mills, common
$6
pfd.
8%
Light & Power
Corp.i' (quar.)
Ohio Edison,
(quar.)
;
Pacific
tommon
National Bond .& Share (quar.)
Biscuit
Natidnal
6-15
6-21
7- 1
6-29
:
6%
Nova Scotia
(s-a)____
7% pfd.
RR,
40c
$1V4
87Vic
$2
25c
50c
6%
(increased)—
Corp.
preferred
(quar.)__!
77c' preferred C (quar.)—
Nashville & Decatur RR. 73/27c
National
6-30
Worcester
&
Nu-Enamel
7-1
10- 1
1-3-44
Telegraph Co.
10c
2nd
6-25
$_y%
Northwestern States Portland Cement (quar.)
6-15
$l'/2
$l3/2
orig. pfd. (quar.)
(quar.)
6-12
(quar.)
—;
preferred
(irreg.)..
com.
(quar.)
6-15
6-15
6-15
6-11
6-11
6-15
6-10
6-10
6-10
& Bros Co
Nachmann-Springfilled
Mfg., 1st pfd.
6-18
6-18
Greyhound Lines,
7- 1
7- 1
7- 1
7-15
7- 1
7-15
7- 1
7- 1
7- 1
(quar.)
preferred
...
Norwalk Tire & Rubber,
<
$2
fl2c
t$l,/2
$1V4
75c
$1%
$1V2
common..
(quar.)
preferred
7%
t8%c
pfd. (accum.)
States Pow. (Minn.) $5 pfd. (quar.)
Northern
$6Vh
75c
12V2c
.....
■
Northwestern
(quar.)
Myers
preferred
7%
6-15
Inc
5
Oil, Ltd.,
6-15)
$114
$iy2
$l'/2
Mutual System,
6-16
50c
Ontario
6-20
2
6-14
7- 1
>'
—
...
—
7-1
7- 1
7- 1
preferred (quar.)—:
preferred?' (quar.)
preferred-(quar.)
common
class A
preferred
7- 1
$iy2
20c
—87V2c
50c
(quar.)..
(quar.);
fci
Star
811-
7- 1
7- 1
7- 1
75c
71%c?;
*
Central
»$..
20c
$1%
30c
20c
.
Mutual Investment Fund,
8
B
.
——
1
Northern
North
$1.18%
(quar.)
preferred (quar.)
Ohio Mfg.
Muskegon Piston Ring (irregular)
Mutual Chemical Co. of America—
6-15
preferred
prior
6-30
6-30
7- 1
7- 1
Finance Corp.—
preferred
6%
8-16
11-15
&
—
-
North American Rayon,
Class
6-18
• '
100 shares of common
every
(quar.)—
preferred (quar.).
Prior
7%
Gas
Pacific
of
share
(one
North American
$iy2
40c
$2
Murray
6-21
^
held)
preferred
5%%
$134
$l3/4
tquar.)
C.) Co., 43A7c pfd. (quar.)
Paint, Ltd., common (quar.)
Murphy
—
stock
6%
6-15
6-16
7- 1
50c
50c
$l'/2
$l'/a
(resumed).
com.
(quar.)
A
Electric for
Consolidated—
(quar.)
(quar.)
Inc.,
pi'd.
$6 1st pfd. B (quar.)
North American Co.—
Northern
$1
(G.
.
12-24
6-
Noblitt-Sparks Industries
North American Car Corp.,
1st
6-15
Corp.,
(quar.)
$6
6-11
7-15
7- 2.
$25c
*
(quar)
A
Northwestern Elec. Co., 6%
Society (quar.)
& Tel.
A
Class
'
7-15
30c
(quar.)
6-22
7- 1
.
6-15:
50c
50c
Hundred
.Class
(Richmond)—
$5 pfd.
Mueller Brass Co.
6-21
11-
Nineteen
87V4C
(quar.)
6-15
$1
Mountain States Tel.
6-30
8-
Nicholson. File
7?15
7-15
:
Motor Finance,
6-30
7- 1
.
10c
6-15
6-10
6-1
6-20
50c
Cafeterias
Morrison
6-15
6-15
6-18
Trust
7- 2
J
Quarterly-
6-15
7-1
York
(quar.)_„.
North Central Texas 'Oil (interim).—
$iy2
—
Morris Plan Industrial
6-17
7 $1.50
& Lt. Co., .7% pfd; (quar.)
(quar.)—
——
—
Co. (quar.)
Share Corp. of Md., common B
$6?preferred
Northland
$134
$13A
(quar.)
(quar.)
R.) Dry Goods, (quar.)
preferred A
preferred B
Morris Plan Bank of Virginia
6-30
$1.75
7-15
7- 1
7-1
6-15,
J55y2c
(Philip) & Co. see Philip Morris & Co.
Morris Plan Bank (New Haven) (quar.)
8-20
6-15:
$13A
$iy2
$5
50c
Quarterly
11-20
7- 1
(irregular)
Niagara Wire Weaving
Morris
11-20
6-15
$23/a
50c
75c
Niagara
6-19
6-19
$1.75
t48c
Quarterly
8-20
8- 2,
7- 1,
•
Shipbuilding
87V2c
25c
10c
common
Corp., Ltd., common (quar.)
(Wrn.
$1.25
$2Va
News
4334c
(quar.)
Co.
6-23
7- 1
:
6-15
6-23.
«
6-17
7- 1
6-30
7-1
6-30
7-1
7- 2
7- 2
7- 2
1
6-
6-11
7-1
7- 1
New
6-17
7- 1
6-15;
7- 1
New -York Pwr.
6-15
6-15
6-15
6-21
6-21
7-15
6-15
7- 1
6-30
7-1
7- 1
7- 1
6-15
35c
*2c
$13A
A'(quar.):_;
Class
$7
6-30
7- 1
7- 1
7- 1
7- 1
7- 1
8- 2
7- 1
j
6-14:
$1%
$iy2
f$1.20
(s-a)
preferred (quar.)
—
6 7c
preferred (quar.)
Montgomery County Trust Co. (N. Y.) (s-a)
Montgomery Ward & Co., com. (quar.)
6-22
•
6-19
6-10
7- 1
7- 1
.
$1%
& Dry Dock—
(quar.)—--.-a-————
New York & Harlem RR.', common (s-a)_
10% preferred (s-a)—————-—
New York Central RR. (irregular)—
—
New York Mutual Telegraph
(s-a)—
-
6-11
6-11
6-12
6-21
6-19
6-12
6-19
7- 1
7- 1
7- 1
6-30
6-30
6-30
—
6-19!
$1%
12V'2c
5%
6-20
33 l/3c
$1V4
40c
* $lVa
15o
$lVa
$5' preferred
6-11
t$1.37V2
pfd. (quar.)
Monongahelp West Penn Public Service—
.w
7% preferred (quar.);
Monroe Chemical, $3.50 preferred
(quar.)__
8-25
6-
7-1
$1%
25c
$1V2
$$1
$2
t30c
(quar.)__
Monongahela Valley Water, 7%
7-15
7-1
7- 1
6-30
6-16
'
6-15
$1V2
(quar.)
Porcupine Mines
6-17
6-15
$1
Idea, -Inc.—————
—■
Light, $6 pfd. (quar.)
pfd, <quar.)__
Newport
6-25
7- 1
$134
$l'/2
$134
$iy2
$iy2
$13A
$iy2
$1.50
.'u'.'j.iv
(Canada)
Assurance
Monarch Life
6-19
7-16
7- 1
'$7 preferred (quar.)
———„ — '
Newport Electric (R. I) 6% preferred (quar.)
6-15
6-15
6-15
6-15
6-19
7- 1
$2
50c
50c
5c
6'Ac
25c
(quar.)—
8-2
7- 1
RR...(quar.)—
—
New Orleans Public Service, common (quar.)
61
61
61
61
66-15
50c
Molybdenum Corporation of America
6-19
New
6-19
7- 1
7- 1
7- 1
7-1
7- 1
$l3/2
$iy2
$iy2
$1%
10c
cum.
(s-a)
7- 1
7- 1
7-.1
7- 1
7- 1
7- 1
$l3/4
Extra
6-19
Haven Water Co.
1
pfd. (quar.)
common
7-16
$1%
60c
—
6-21
Cquar.)
Ltd.,
6-30
13c
New
6-20
6-15
6-30
$134
$l'/4
$lJ/2
Cement
Mobile &
8-26
7-10
8- 2
—
6-19
6-18*
$1
6-15
6-15
6-15
New Jersey Power &
(quar.)
preferred
6-21
9- 1
New Jersey Water, 1%
New London Northern
:
Co., $7
6-18
7-1
England. Power Association—
6%
preferred (accumulated)——; $2 (preferred (accumulated)
New England Telephone & Telegraph (irreg.)
New Hampshire Fire Insurance
(quar.)—
6-16
Light, $6 preferred (quar.)
(Robert) Co., Ltd
Birmingham RR., 4% pfd. (s-a)_—
Mitchell
1
7- 1
Missouri Power &
7-26
9-
7- 1
7- 1
(quar.)
(quar.)
preferred B
6%
6-18
f:
$134
$iy2
$1V'2
,r
«6Vij%
$lVe
$1.31 Va
(quar.)
Common
6-30
6-18
6-30
6-30
7-1
7-1
$1.3iy4
———
5% pfd. (quar.)—-Newark Telephone, 6% preferred (quar.)_
Newberry (J. J.) Realty, 6% pfd. B (quar.)
6-19
preferred (quar.)
preferred (quar.)
Power Co., $6 pfd. (quar.)
.$7 preferred (quar.)
Mississippi Power & Light, $6 pfd. (quar.)
Mississippi River Pwr; Co., 6% pfd. (quar.)
Mississippi Valley Fublic Service—?
3
;
.
6-15
6-15
7-1
6-30
25c
8
6-15
New
$6
6-19
preferred
6-21
Mississippi
6-23
1st
6-30
6-30
7- 8
7- 1
7-1
(quar.)
common
prior preference
7-31
1
7- 1
50c
$4% 7
$4'/a
25c
12y2c
,
Neiman Marcus Co.,
6-21
7%
2
6-23
•.,$5.25
5-31;
6-15
$40c
Minneapolis Power & Light, 6%
9-14
6-15'
pfd. A (quar.)
Newberry (J. J.) Co., common (quar.)
New England Fire Insurance
(quar.)
Refineries;; Inc., common
Tool & Mfg. (quar.)
6-24
6-15
9- 5
9- 5
6-30
Mid-West
6-15
6-
6-15'
v.
5 y« %
<
25c
30c
$1V2
(quar.)—
(irregular)
Co.
7-15
7-
..50c
prior preferred (accum.)—
6% prior preferred (accum.)————
Navarro Oil Co. (irregular)
Nehi Corp, common
-
6-15
9- 1.
preferred (quar.)
$2 non-cum. preferred
6-19
8-16
8- 2
15c
-
—
6-30
$lJ/4
(accum.)_
(Port Hope, Ont.) (s-a)
Midland Steel Products, common
6-30
6-15
Co.—
Savings
&
1
6-14
pfd. (quar.)—
Midland
Loan
preferred (quar.)
(quar.)-——
Ltd. (Increased quar.)—
National Sugar Refining—
National Supply, $2 preferred (accum.)
6-21'
6-30
7- 1
6-22
National Steel Car,
62V2C
6-30
7-
6-15
(s-a)
1—
6-15
6-
7-1
preferred (quar.)—
$6 prior preferred (quar.)
$7 prior preferred (quar.)^
Michigan Associates Tel., 6% pfd. (quax*.)—
Michigan Public Service—
6% preferred (quar.)_—
6% preferred series 1940 (quar.)
$6 junior preferred
(quar.)
;7% preferred (quar.)__
Mickelberry's Food Prods., $2.40 pfd. (quar.)
Midland Grocery Co.; 6% preferred (s-a)___
4
12-
7- 2
7- 1
7- 1
7- 1
7-1
7- 1
$7
5
9-
Co.
(quar.)
(Chicago)
Metropolitan Edison, $5 preferred
$6 preferred
(quar.)
6
11-
Standard
-
6-29
$1»A
$iy2
preferred (s-a)-
Paper & Type, 57«
50c
Bank
Metal & Thermit Corp.,
8-
National
6-26
-30c
10c
Mesta Machine Co.J
6-19
6-19
(quar.)
preferred (quar.)
preferred; (quar.)
4J/2%
3
6-17
7- 1
35c
62Vic
6-21-
25c
Co.—
6-30
of Ree.
25c
^
Radiator
National
/iotuer»
7- 1
6-30
Corp
National Power & Light, $6
Co.,'common; (quar.)
&
Stores
&
Products.
National
50c
Transportation
Miners
Oil
6-15
LUi
National
Merchants
7-19
(NY)
—
Merchants &
6-17
7- 1
6-30
50c
50c
(quar.)—
Marathon Paper
7%
6-30
£$6
'
'
6-28
40c
(s-a)
Lord & Taylor (quar.)
\ Semi-annual
9-10
12-10
7-15
6-30
7- 1
$iy»
participating preferred (quar.)
Participating
7%
f?
6-30
7- 1
25c
Participating
Long Island Safe Deposit
Merchants Bank
6-19
6-30
6-30
$l'/4
preferred
Longhorn Portland Cement—
5% participating preferred (quar.)
5%
6-21*
6-15 1
6-30
$l'/4
(quar.)
(quar.)
Long-Bell Lumber, 5%
'
6-21
5c
5c
25c
7%
6-21 :
I2V2C
50c
_
Theatres,
6-21
10-25
50c
(irregular)
Extra
Loew's
Lone Star Cement
•
MfrS,
6-18
75c
7% preferred (s-a)
Meadviile.Telephone, 5% pfd. (initial—s-a.)Melchers Distilleries, 5%
partic. pfd
Memphis Natural Gas (irregular)
Mengel Company, 5% "1st preferred (s-a)__
Mercantile Acceptance Corp. of Calif.—
■5% preferred (quar.)
-6% preferred (quar.)
6-15
National
National
7-15
6-30
7- 1
^-.1
Extra,
.
6-15'
Co.,
11-1
7- 1
7-16
$2
(monthly)
8%
(quar.)
6-15
&
Johnson
Portland
75c
$1
(s-a)
Inc.
Mead
(irregular)
common (quar.)___!__
Payable
25c
National Linen Service Corp., common—
12- 1
t30c
62V2c
25c
(s-a)
Dredging Co.
Edison
12-10
Loew's,
McWilliams
Missouri
50c
$1.10
$1.10
preferred (quar.)
Lockheed Aircraft Corp.
6-10
•;
J$1.50
25c
20c
75c
.
class B
Co.
McManus Petroleums, Ltd., partic. pfd.
McQuav-Norris Mfg. (quar.)
6-10 !
6-17
&
Missouri
guaranteed (quar.)
Original capital
(quar.)
Original capital
(quar.)
Little Schuylkill Navigation RR & Canal—
Special
(quar.)
(increased)
(quar.:)_____
Publishing
G.)
(A.
6-12
9-10
common
McKee
6-21;
6-11
50c
Pipe,
McGraw-Hill
6-15
6-26
8- 1
7- 1
8- 1
pfd.
6%
Co.,
6-21
43%0
—
When
share
Name of Company
0/ Bee.
6-28 9- 1
$1,
433/40
McCrory Stores Corp (quar.)_
6-1
7-
Oil
McColl-Frontenac
6-10
7- 1
37y2c
25c
$l'/a
Joint
preferred (quar.)
50c
30c
Lipton (Thos. J.) Co., 6% pld. (quar.)
Liquid Carbonic Corp., common (quar.)
—
4Va% preferred A (quar.)
Little Miami RR. Co., special gtd. (qjuar.)
Lock
.7%
6-10
,
pfd. (quar.)
7%
McClatchy Newspapers,
25c
——
-——
$1 convertible preferred
1
>
Per
Holder$
When
Payable
Per
share
(B.) ' Co., common—J—
30c
$1%
25c
(Quar.)_
pfd. (quar.)
(quar.)
class A
6-
v* .*■'
t
Name of Company
$1%
Lima Locomotive Works
Class
7" 1
7-15
7oc
.
Latrobe Electric Steel (quar.)
Lerner
50c
(quar.)
Class B
Leich
6-30
—
Langendorf United Bakeries, class A
6'k
17V2C
(quar.)
(Hamilton, Ont.)—
class A
cumulative
Landed Banking & Loan
■1 (Quarterly
'
6-30
25c
Lang (John A.) & Sons (quar.)
Langleys, Ltd. 7% conv. preferred (accum.)
t
7% convertible preferred (accum.)
s
9-11
12-11
(quar.)
preferred
preferred
70c
7- 2
?50c
t50c
25c
Common
)
8-16
11-15
9-15
12-15
(quar.)
' Common
>1%
7- 1
7- 1
Machine,
Landis
7%
7-15
7- 1
;f$2
62'/2c
.
Lamson & Sessions, $2.50
:
7-1
• j"
■
Manischewitz
1
(Ont.)—
Co.
Investment
&
(Increased s-a) :
-
•
(quar.)
(quar.)
Co.
Lambert
7- 1
8- 2
6-30
$l'/2
$1%
46c
SIVfe
25c
37'/2c
1st preferred
7%
of Reo.
6-
7- 1
25c
—
(quar.)
preferred
($2.70
common
6-30
6-30
7- 1
62y2c
75c
87y2c
37'/2c
:•
Klein
Payable
share
-.
'':;CX-
.v,;.
,
.7- 1
10- 1
1-1-44
35c
8-15
35c
11-15
35c 2-15-44
10c
7-24
6-15
6-15
9-15
12-15
8-
5
11-
5
2-5-44
7-14
75c
6-30
6-10
40c
7-1
6-18
THE COMMERCIAL & FINANCIAL CHRONICLE
2412
'■
'
When
Per
Name ot Company
Extra
Stove
Perfection
(quar.)
Company
Gold
Perron
$1.06'A
■},% ■ ■
Participating preferred (irregular)-.
Philadelphia & Trenton RR. (quar.)——Philip Morris & Co., common (quar.)
4V2% preferred (quar.)
AV*% preferred (quar.)
Phillips Packing Co., Inc., 5Vi% pfd. (quar.)
Phoenix Insurance (Hartford) (quar.)— —
Phoenix Securities, $3 conv. pfd. A (quar.).
Pickle Crow Gold Mines, Ltd. (Interim)—Extra
—--——i--
-
6-15
Dividend obligations
Rieke
6-15
6-15
6%
6-11
6-15
6-19
Roeser
5-31
Rome
6-10
Ruberoid
6-10
;
9-25
6-1
6-
1
6-21
6-21
St.
6-
>
$1.06JA
$1.31'A
8-1
7-1
50c
75c
10-
10-22
7-10
7- 1
6-30
6-30
7-
I1
5%
1
St.
6-22
7-15
8-1
;
Co.-
Pittsburgh Plate
; y
—.ui—•,
Pittsburgh Screw & Bolt
North Adams RR.
Plymouth Oil
25c
(quar.)
;
Ltd., 7% pfd. (quar.)
Co.
Common
,
Pollack
Port
:
•
4 %
Port
Paper
(quar.)™
(quar.)—,—*
Box Co., 7%
preferred
7%
Pond
$1%
—
50c
Pocahontas Co.
Creek
6-15
Ltd., 7% pfd.
Potash Co. of America
of Canada, common (interim) __
preferred (quar.)—
6%. non-cum/ partic. preferred (quar.)
■
1st
Lambert/(quar.)______7™_™
&
Gold
Premier
Ltd.
Mining,
;
—.—
Pressed Steel Car, common
5%
1st preferred
5%
2nd
East'
Preston
Price
preferred
(quar.)
(quar,),
& Gamble,
——
Mines
Dome
Brothers & Co.,
Proctor
8%
Louis
St.
Louis
preferred
(s-a)
$1'A
6-19
Worcester RR Co
Providence &
Investment
Prudential
Personal
Prudential
Class
A
6-26
6'/2%
6-26
7%
6-15
7V2%
6-15
8%>
6" 8*
6-21
Service
Public
6%
7%
of
5%
Colo.,
6-19
9-15
12-15
6-25
6-25
—
Public Service Electric & Gas, $5 pfd.
(quar.)
7%
6%
6%
.
Publication
Corp.,
voting
«—
—
Real Estate Loan
Reece
Reed Drug, common
,
Class
Reed
A
Roller
Bit
non-cum.
6-15;
6-10
6-19;
6-19
6-15 :
6%
6%
5-31
6-21
6-
4
7-
5
6-15
6-30
7-
1
6-15
7-
1
6-15
$2
7-
1
6-15.
50c
7-
1
6-12
Corp.,
common
9
Steel
$5 conv. preferred
,
6-23
(Boston)
6-19
5-28
Sigma Mines, Ltd.
5-28
Silver
(H.)
6-1
preferred
7%
6-18
7-15
6-28
7-1
7-1
7- 1
7-1
6-10
Smith
8-31
8-
87 Vic
$1.25
$2%
50c
7-1
7-1
11-1
7- 1
6-19
2
(L.
C.)
6-11
10-20
Solar
7-
1
6-19
1
6-19
Aircraft
Co.,
6-21
5V2%
7-
6-17
7-
6-17
$iy4
7-
6-30
South
? 50c
7-1
50c
7- 8
7- 1
6-17
South
6-
South
7-2
6-17
7-1
6-15
7- 1
7- 1
6-15
6-15
6-30
6-18
40c
9-* I
8-16
Carolina
$lVi
1 SI
20c
7 Vic
83Ac
?
1
7
8%
12-
1
11-15
Rico
Common
25c
6-29
6-21
90c
7- I
7-1
6-18
12 Vic
37Vic
30c
$1.75
7- 1
non-cum.
7-
6-18
7-15
6-30
Thermoid
6-30
5-14
5%
'
1
6%
preferred
$4
7- 1
6-30
6-15
Phosphate
Southern
7-
Southern
1
Railway
Southwest
Consolidated
6-
8
2
6-19
2
6-30
7-15
6-30
6-10
6-30
6-10
6%,
preferred
8-10
7-30
7%
preferred
8-10
7-30
Toledo
7-30
6-28
Torrington
7-
1
6-12
7-
1
6-12
6-30
6-15
7-20
6-30
7-
1
6-15
7-
1
6-15
7-15
6-30
>■
25c
dividend
3/5
stock
6~
9
Southwest
6-
9
Southwestern Associated Tel., $6 pfd.
7- 1
7- 1
6-28*
Southwestern Gas & Elec., 5%
6-23
Southwestern Life Insurance
20c
of
each
share
Natural Gas,
pfd.
(accum.)
(quar.)
(quar.)_
(Dallas) tquar.)
1
6-15
6-15
7-10
6-19
joc
7-
1
6-15
7-
1
6-15 :
50c
7-
1
6-
$iy2
"™
(quar.T
7-
1
6-23
4*
50c
9-15
9-
1
6-28
6-
7*
joc
7-
1
6-19
7-
1
"
"
25c
ioc
6-25
6-14
___!
50c
7-10
6-21
conv.
$i»/4
7-
1
6-
$iya
7-
1
6-10
pfd. (quar.)
6-19
2f/2c
Minnesota
7-
6-15
77-
6-15
7-
6-15
pfd.
(monthly)__"IZ
412/3c
7-
6-19
50c
7-
58 1/3c
7-
6-19
6-30
6-21
75c
(quar.)
$$iy4
$$1
9-
1
1
8-16
8-16
Union
(N. Y.)
(quar.)
1st pfd. (accum.)__
H
Class B
Fuel
class A
United
Gas
preferred
(quar.)__^
Improvement, common
preferred (quar.)__
United Gold Equities of Can.
Standard
$3
6-21
$1V4
7- 1
35c
'• 7-15
7-13
1
7-
1
6-16
6- 4
6-10 •
6-10
on
8-
1>
50c
7-15
6-24
7-
1
6-10
7-20
."I
common
common
(Continued
5-28
5-28
$4c
6-30
6-15
6-30
6-15
50c
7-
1
6-11
50c
s-a)_
6-30
6-30
j4C
(reduced
Co._
Shoe Machinery,
preferred (quar.)
'•'•/
1
10c
common
Products,
^
6-15
7-15 *.
r 7-20
8-
$ji/4
7-
1
6-18'
7-
1
$iy4
(quar.)
6%
1
15c
$750
participating preferred
United
7-
8-16
1'
Ltd.—
United New Jersey RR. & Canal Co.
(quar.)_
United Printers & Publishers, $2 pfd.
6-15
7-
7
joe
™II™Z
Investments
6-21;
6-15'
1
$38c
;
Milk
1
7-
75c
United
1
6-29
6-30 :
6-21
7-
6-23:
1
7-15
Illuminating
7-
6-21*
$2>/z
________________
United
.
,6-10 :
7-
$i0c
United
1
6-30
•6-30
6-22
United Fruit Co.
'•
5c
$1
6-
6-15
O
'6-18'
6-29
6-)9
8-14
1
7-1
7-20
6-16
6-26
7-
*750
7, 1
9-15
6-15
1
$ii/a
8-16
6-30
6-15
6-30
Union Twist Drill Co.
7-15
$iy4
6-30
50c
-
,-7.6% preferred (quar.)
$20c
7-15
6-15
7-
$3»/a
50c
United Corps., Ltd., $1.50 class A
(quar.)™.
United Drill & Tool, class A
(quar.)
6-16
25c
6-19
6-30
1
ioc
United Bond & Share, Ltd.
United Carbon
(quar.)
1
2
7-
Union Pacific RR, (quar.)
$l'/2
$l'/2
;
common
6-30
8-
7-
7-15
95c
Investment Company,
1
6-30
7-24
75c
8-16
6-20
2
37y2c
(quar.)
v." 6-30
6-20
8-
• $5
$$1
1
7-15
9-10
11-10
$$1.75
1
7-15
8-14
11-15
$3
Corp.
6-10
25c
(s-a)
7-
$2^2
6-18
1
(quar.)
7-
10c
1
7-
-
9-
'
6-15
7-
25c
Union Buffalo Mills, 7%
9-
6-15
6-23
1
Louis).
Carbon
1
6-30
7-
(quar.)
Trusts & Guarantee Co., Ltd.
(Ontario)
Tobacco Co., 7% preferred
&
7-
$1.50
(quar.)______
Trinity Universal Insurance (Dallas)
Quarterly
■
Troy & Bennington RR. (s-a)
Carbide
6-21/
7- 1
$$1V2
(quar.)__
6-15*
7-1
»
6-19
62V2c
Tri-Continental Corp., $6 pfd.
Trico Products (quar.)
(St.
6-30
25c
Underwriters Trust
7-1
6-20
1
$j_3^
6-15
1
1
7-
"
6-15
7-15
1
6-
™™"I
7-
•
6-
—
7» 1
50c
1
$iy2
Film Corp., common
$1.50 convertible preferred (quar.)
Twin City Rapid Transit, 7% pfd. (accum.)
208 South La Salle Street
Corp. (quar.)____
Tybor Stores, Inc., common (initial)
Underwood Elliot Fisher
1
7-
7-1
(s-a)
Traders Bldg. Association (quar.)
Traders Finance Corp., 6%
pfd. A
RR
6-15
6-30
$7y2c
40c
Mortgage Co.
1
$$j3/4
Twentieth-Century Fox
7-15
pfd. A
7-
6-30
$3
Tuckett
6-15
held)
$6
6-11
Co.
$$1.V^
(stockholders will receive
Hamilton Gas
common
Stock
6-11
1
Shipbuilding Co.
Tunnel
6-22
10c
9
1
7-
lOc
(monthly)
(monthly)
6-15
10c
6-
7-
_
$5
7-15
for
Toledo Edison Co., 5%
6-21
1
25c
7-15
6-15"
$20c
$i%
pfd.
7-
$1.20
7- 2
7- 1
7- 1
6-15
1
25c
Packing, common
(quar.)
7%
6%
8- 2
8- 2
share
Tobin
1
6-30
$1;
$1^
Corp
6-12
1
(quar.)_
_j.
of
6-30
$iy3
V
Co.
7-
$lVa
pfd.
1
77-
(speciallllll
Mortgage Guar. Co. (New Orleans)
(irregular) -
8-
34%c
25c
$lVi
$lVi
$1.37Vi
Insurance
7-
37%C
non-cum.
7-
lOc
(quar.)
8-14
:
5%
62'/2c
683/4c
Title &
$iy2
15c
15c
I
(quar.)__
6-15
6-30
U.
Corp..
Co.,
8-15
6-17
6-23
Title
_-
(quar.)
Gas
1
6-28
Southern Indiana Gas & Electric—
$2.50
Co.
1
2
1
•
(quar.)
6-
6-18
8-
1
8
$lJ/2
(quar.) *
7-
conv.
6-
12V2C
6-10
4.8%
$41/2
6-30
"'.f 10c
Power, Ltd., com.
preferred (quar.)
6-18
7-15
7-28
7-
7-
37V2C
Canada
6-18
7-
preferred (quar.)
Tintic Standard
Mining Co.„!
Tip-Top Tailors, Ltd., common (quar.)
7% preferred (quar.)
California Edisonr—
partic.
7-
9-
preferred (quar.)
Union
Southern Colorado Power, $6 1st pfd.
6-18
7-
Tidewater Associated Oil—•
50c...
7-21
6-10
4%
6-22
$2'
6-19
7-
J50c
iqc
6-10
;
7- 1
$2.50
$3c
common
2
50c
original preferred (quar.)_
preferred series C (quar.)
Southern
'
Inc.,
6-30
'
5V»%
6-15
_
Thew
$3
,
7-
Oil & Land Co
7-
—
preferred____
6-23
$n/4
preferred
7-10
__
preferred (quar.)
preferred
Southern Natural
e
Textiles
$1.25
8- 2
(N.Y.)—
(s-a)
Texon
7-23
Toronto
25c
7- 1
$1 Vi :J 7- 1
___
6-18
$1.25;
___:
2nd
Southern
6-26
6-18
1
8-25
$1%
convertible
5
7-
1
75c
7-
37y2c
Extra
6%
1
7-15
7-
(irregular)"
6-18 :
5C
(quar.)
7-10
6-11
6-
5-25
6-28
12 Vic
Pennsylvania Pipe Lines
Southeastern Greyhound Lines—
6%'
Power, 7%
f$l%
(interim)™-
.
6-19
common
1
pfd. (quar.)__
com.
2
Terminal RR. of St. Louis (s-a)
$iy2
Sugar,
8-
7-1
6-30
7-15
Texas Company (quar.)
Texas Electric Service, $6
preferred
Texas Gulf Sulphur Co. (quar.)
$iy4
(quar.)
6-15
7-
6-22
$15c
'
1
82>/2c
(quar.)
t$l3/4
South West
1
(George), Ltd.,
preferred
8-
Co., $6 lsf pfd. (quar.)
Water, 4V2% pfd. (quar.)
6%
40c
5%
115c
(quar.)
(quar.)
7-
683/4c
(quar.)_____
Shovel, common
Thompson Products, Inc., $5
Power
Pittsburgh
Porto
preferred
-
$$3>/4
$3C
6-22
10c
& Gas—
preferred
prior
2
25c
6-15
15C
South Carolina Elec.
7-
6-15
6-30
$62'/2c
partic. preferred
t4c
;;
6-15
7-12
7-15
(s-a)
Taggart Corp., $2»/2 preferred (quar.)
(James), Inc., common (quar.)___
15c
(s-a)
6-15
1
___!
1
77-
t30c
A
1
7;•
6-23'
7-
7-16
preferred (quar.)__„
$3c
(quar.)
pfd.
6-19
6-15
1
175c
6-30
$3
35c
conv.
7-
$iy4
(quar.)
Tennessee Corp.
Tennessee Products Corp., com.
8%
preferred (initial)
15c
55c
my*.-'
50c
2
'6-30
«ii/4
I
(s-a)
common
$1.37 V*>
Typewriter, com.__
6-15
6-24
7-
'
Talcott
6-30
____
Sorg Paper, 6% preferred A (accum.)
4-6% preferred B (accumulated)™$6
5%
Telluride
$6 preferred (quar.).;
6-15
6-15
1
7-
Sonoco Products Co
'
6-30
6-30
$i>/8
common
6-18
(quar.)
Corona
6-20
30c
6-18
(quar.)
&
1
:
6-20
7-
30c
Sylvania /Electric Products,
75c
preferred
1
25c
(s-a)_™___
7-
(accum.)__
6-16
7-
25c
Sylvanite Gold Mines (quar.)____
6-16
J23c
Corp., 6% pfd, A (accum.)
(Howard) Paper Mills, Ltd.—
6%
12-17
" ~$50c
7-
pfd. class A (quar.)
Smith
9-16
12-31
433/4c
A_I~Z
class
25c
Sloane-Blabon
$1'A
$l'/2
25c
$2
$l>/2
6-30
9-30
lOc
bearer
com.
$1.37 %
quar.)
prior preferred
6-16
(quar.)
6-19
$iy2
5%
6-30
$750
pfd. (quar.)
6-23
-
f$1.75
(increased
6-26
6-26
$2y2c
(s-a) '
$1.50 preferred B
Swift & Co. (quar.)
18C
(interim)
Gas & Electric, 7%
■50c
6-10
Ordinary
62c
(quar.)
5%
'!
6-18
6-19
6-23
Skenandoa Rayon Corp.—-
9-20-
Supertest Petroleum Corp.,
$1V4
(quar.)
7-15
10-15
7- 1
•
3
6-14
6-30
6-30
$i5c
(quar.)_™~I
(Canada)
Oil Co., 4»/2%
class A pfd.
Sunray Oil Corp., 5VaVc convert,
Mining Co. (irregular)
Superheater. Co. (quar.)
Superior Portland. Cement, $3.30
Superior Steel Corp.____:
Supersilk Hosiery Mills, 5% pfd.
6-30
t75c
Extra
6-14
6-28
$1
Sun
$ij/2
Mfg.
6-30
12y2c
Syracuse Transit Corp.,
(quar.)_
& Sons, Ltd., com.
4
7-15
Tacony-Palmyra Bridge Co.—
King Coalition Mines
(Quebec)
4
9-
$11/4
(quar.)
6-10
30c
Gold Mines (quar.)
Mines, Ltd.
(Interim)
Sherwin-Williams (Canada) (interim)
7%
preferred (quar.)__
6-30
6-30
9-
6-16
$ji/4
(irreg.)
6-10
pfd
Gordon
$1JA
$1%
6-30
6-
Assurance
Mines
7-
<
pfd.
9-15
6-30
25c
Sunshine
6-16
1
Life
9-20 ;
$iy4
(irregular)
7-1
$iy»
Shippers Car Line Corp., 5%
Shuron Optical 'Co;
6-19
7-20*
7-
37»/2c
(quar.)
6-21
6-19
7-20*
1
Co.
10c
/
____j
Power
Association
1
8-
6-30
&
6-29
Creek
Sheep
6-25
8-
■
1
(S.)
Sullivan Consolidated
Sun Glow Industries
Sun
1-10
1
9-15
Products Engineering Co. (quar.-)_
20c
Bros. Stores, 6% 1st pfd. (quar.)
75c.
Sterling Trusts Corp. (Toronto) (s-a)$$iy2
6-30
(quar.)
Shawinigan Water &
10-
50c
Ltd., common (quar.)__
preferred (quar.)
3c
(quar.)<
Sharon
7-20
$n/4
6-30
(s-a)__
Corp.
6-19
1
$1
5c
convertible preferred
6-19
5%
™
I
62 %C
—
Shareholders
6-21
6-30
7-
5%
(quar.)
15c
—__
J 6%
7-
50c
Skelly Oil Co.
(irregular)—___
,6-15:
;
7- 1
7- 1
7-1
7- 1
■
.
1
$iy3
,
preferred (quar.)
$5.50 prior preferred Allot., ctfs._;
Seven-Up Bottling (St. Louis), com. (quar.)
51/2 % convertible preferred (s-a)
Shaffer Stores, 5%
preferred (quar.)
Shamrock Oil & Gas, 6% preferred (s-a)
6-16
..
9
7-
$1
cumulative prior
$1'A
$iy4
30c
preferred (quar.)—
6-
$1.12
Selected Industries,
Common
preferred (quar.)
Reynolds Metals, 5Vi%
Rhinelander Paper Co.
1
V
.
6-10
6-25*
7-10
12'/2c
Brothers,
Tamblyn
6-18
Steel Corp., common
preferred (quar.)
prior preferred (quar.)
7-
$1%
6-10
Inc.—
6-21
15c
Investment
convertible
Stroock
6-16
•
,
Selected American Shares, Inc.__
Republic
6%
1
,
Seiberling Rubber '5% class
pfd; (quar)
$2.50 convertible prior preference (quar.)
Sioux City
Remington-Rand, Inc., common (quar.)
$4Vi preferred (quar.)—;
6%
..
6-15
$5V2
share)
(increased)
Common bearer shares
(reduced quar.)
preferred (quar.)
Securities Holding, Q%: non-cum.
6-18
Republic
7-
$1%
$ 13A t
6%
7- 1
7-1
Investors, Fund, Inc.—
preferred class A (quar.)
oreferred class B (quar.)
25c
$1'A
6-10
6-15
1
__
W/e
Common
$13A
$13A
Co
RR
,9-15
12-15
—
Singer
non-cum.
Quarterly
&
6-14
(s-a)
Rensselaer County Bank & Trust Co.
9-30
12-31
-
—
Brewing
of
7% pfd. (quar.)
Stokley Brothers & Co., Inc., 5% pfd. (quaM
Strawbridge & Clothier, 5% pfd. (accum.)
;$5 preferred (quar.),
6-15
37'/2C
(quar.)__
B
6-25
6-25
™,
Rensselaer & Saratoga
preferred C
6-15
7-10
$3
Stix Baer & Fuller
Co.,
(quar,).__
(quar.)__
50c
50c
preferred (quar.)
Reliance Electric & Engineering.—
Reliable Fire Insurance (Ohio) (quar.)
Reliable Stores, common (quar.)
5% convertible preferred (quar.)
Reliance Manufacturing Co.,
(111.) common
7%
preferred (quar.)
;
$1.60
6-30
D
Malting.
Securities Acceptance Corp.—
Regent Knitting Mills—
$1.60
6-12
7-15 ;
6-30
7-1
Steel
1
1
.
Simplex Paper Corp._
Simpson's Ltd., 0V2% preferred
Sinclair Oil Corp (quar.)
—________________
(quar.)
preferred
7-15
75c
$U)c
Sterchi
7-
8-
37yac>
common'(quar.)
preferred (quar.) ,1—<—
5%
30c
Button Hole Machine
1
6-15
6-25 '
_
Power Co.—r.
6-21
,
(Canada)
12-
$1%
3?y2c
6-15
preferred (quar.)
6% preferred (quar.)
Pyle-National Co., common
—
8% preferred (quar.)
Quaker Oats Co., 6% preferred (quar.)
Radio Corp. of America—
$3.50 cum. 1st preferred (quar.)—
$5 cum. preferred, class B
Rath Packing Co.. 5% preferred (s-a)——
Rayonier, Inc., $2 preferred (quar.)
_
Ray-O-Vac Co., 8% preferred (quar.)______
Reading Company, 2nd pfd. (quar.)
Reading Gas Co. (Pa.) (s-a)
12-15
6%
1$1%
;
;
7-15
—
25c
-
■
7-15
non-voting (quar.)
preferred (quar.)____—
7% 1st preferred (quar.)
Puget Sound Power & Light—
$5 prior preferred (accum.)
$5 prior preferred faccum.)
Puget Sound Pulp & Timber, 6% pfd. (quar.)
1
Association—
8-16
7-1
Original
Common
Loan
50c
Common
9-
1
1
30c
preferred (quar.)
preferred (quar.)
preferred (quar.)
Stedman
(accum.)
50c
$IV4
(quar.)__
9-15
$1
(irregular)
—_—
common
Pure Oil Co., 5%
B
preferred
(quar.)
preferred (monthly)
preferred (monthly)
Public Service of Oklahoma, 5% pfd.
5%
Seaboard Commercial Corp.,
Seattle
6-
25c
———,™.
6-22
6-19
7-
7-
$iy4
•
5%
7- I.
25c
preferred A (quar.)
Savannah' Sugar Refining Corp; (quar.)
Schenley Distillers Corporation-—/ «
5>/2%
preferred (quar.)
Scott Paper Co., $4 pfd. (quar.)
$4.50 preferred (quar.)
Scoville
Mfg.' (quar.)—,—
jj^LL.
Scranton Electric, $6 preferred
(quar.)
6-21
Street
.5%
Company—
50c
53 Vic
—
6-15
12-15
.
.
deb
6-10
7-1
41%c
(Monthly)
7- 1
12-23
6-19
$$2
Common
12-15
$iy2
1
$13/4
(Frederick) & Co., common
participating preferred (quar.)
Stecher-Traung Lithograph,
,
7-1
37Vic
State
12-23
H. $3 :
■
__________
(irregular),
deb preferred
6-15
$iy2
Simon
pfd.
preferred (monthly).
preferred (monthly)
preferred (quar.)__—
Public Service Corp. of N. J.—
Common
iy
deb
Sherritt
——
.
_;—:
deb.
1
7-
6-30
■
40c
Co.
;
y 7-15
r
1
60c
S.)
6-15
Remedial
&
7-
7-
75c
..
—
(L.
7-1
quarterly
Elec.
7-31
Extra
$3
..
Electric
Sangamo
Shawmut
—
Quarterly
5%
Savannah
(N. Y.)—
Quarterly
•
Francisco
San
8-2
50c
Stearns
6-26
(Bait.)—
Finance
(quar.)
Public National Bank & Trust
Class
$1.25
$$1.52
Stayton Oil Co, (quar.)
6-24
15c
—
(irregular)
Corp.
6-18
6-18
6-23
Co. (irreg.)
Savannah & Atlanta Ry., 5% pfd. (quar.)
10c
$2 V2
3c
Providence Gas Co
1
1
6-30
Quarterly
7- 1
7- 7
7-15
7- 1
$2.50
$7c
3
and
Regis Paper, 7%
6-30
/f
Stock dividend (l-20th of 1 share)_
Standard Wholesale Phosphate & Acid Wks.—
6-30
B
Quarterly
f
...—
,
A
St.
6-28
'7- 1
7-15
$2
7-
(s-a)
Class
6-15
V 6-16
7-1
;
(l-20th
7-18
Service
and
6-30
7- 1
7- 1
7-1
7-15
7-15
7-1
7- 1
7-1
6-30
7-15
7-15
7- 1
7-15
7- 1
7- 1
7- 1
7-15
7
6-23
dividend
8- 2
Saguenay Power, Ltd., 5>/2 ^..preferred (quar.)
Propper-McCallum Hosiery Co., Inc.—
5%
Public
A
X
6-30
pfd. (accum.)
pfd. (quar.)
(s-a)
Spring—
8- 2
Stockyards
Class
'
Reduced
7-1
$5c
t$l%
(quar.)——
5V2% pfd. (quar.)
preferred (quar.)
Proprietary Mines, Ltd. (interim)
Prosperity Co., 5% preferred (quar.)
National
St.
6-10
$3
$1%
50c
$15c
t$lV2
$75c
40c
tlV2c
25c
6JAc
62y2c
(quar.)
Power Corp.
Pratt
preferred
6-10
$1
(quar.)
Orford Cedar Co. (irregular)———
Porto Rico Power Co.,
6%
9-15
:
preferred
6-15
1
Stock
»•
7-
5
6-15*
$iy4
common
t75c
2nd
6-15
Sulphite & Paper-—
Huron
7-1
7-
Screw,
Steel
1
$ia/4
7%
preferred A
t35c
6%
5-31
7- 1/
7- 1
9-15
12-15
7-1
17'Ac
40c
$1%
Pneumatic Scale Corp.,
$1
7-
pfd. (accum.)
3%
7- 1
:
6-25
6%
Standard
J$13A
6%
6% 1st preferred (s-a)
1st-preferred (s-a)
2nd preferred
(s-a)
6-30
50c
6-10
Starrett
Louis Bridge,
7-15
7- 1
15c
15c
——.—.
—.—
(quar.)
Co.
Atwood Mfg.
&
6-10
7-10
Standard
6-21
7-
6-22
jioc
(quar.)__
common
3%
7-21
•
.
Plume
(quar.)
St.
7-1
class A pfd. (initial s-a)
Plainfield Union Water (quar.)—
—* $i
Plomb Tool Co., common (quar.)
15c
Extra..
15c
Pittston Company,
6% preferred (quar.)
Plough, Inc., (quar.)
preferred
Lawrence Paper Mills,
7-1
>$2V2
$2>/2
r
6-30
$iy4
6-15
;
.^lOc
.
—
(s-a)
Pittsfield &
7-
6-30
i
75c
(quar.)
6-19
6-30
.
6-15
__________________
Flour Mills,
Lawrence
1%
St.
:
$1%
.75c:
.
6-28
6-30
10-
(quar.)
Standard Radio Ltd.,
Class B
(quar.)
$1.25
7-15
10- 1
75c
Pittsburgh Fort Wayne & Chicago Ry.—
Common
(quar.)
Standard
7-20
10-15
(quar.)____
of Ohio, 5%
Paper Mfg., 6% preferred (quar.)
class A (quar.)__
6-10
6-15
1
$1
$1.12
(quat.)______
Corp.,
6-10
$3
.
-
pfd.
6-19 ;
8-
10c
■
,
Standard Oil
6-19
t$l%
(quar..)_______—
Class
—/——
(s-a)
preferred
National
1
10c
__
$1.62J/2
/
6-19
1
6-30
50c
Sons—
6-30
25c
(quar.)_
7-15
6-30
y;
(s-a)
Inc., common
preferred
5%
pfd.
6%
$7
preferred Series A
Standard
St. Joseph Railway Light Heat & Power Co.—
Pittsburgh, Bessemer & Lake Erie RR.—
Common
Co.,
Safeway Stores,
&
7-
f20c
.
9
R.)
25c
!
*
Ryan Consolidated Petroleum (s-a)__
Safety Car Heating & Lighting (quar.)
6-10
6-19
it: 6-19
..!$iy8
Elec.
preferred
15c
(quar,)
Corp., .(quar.)
Paper
7- 1
7. 1
$2
.
..
(E.
of Rec.
1
7-
25c
Ltd. (irregular)
Standard-Coosa-Thatcher
Co.
(quar.)
Standard Fruit & SS,—
•'
'
$3 partic. preferred
(accum.)
Standard Fuel, 6Vi% preferred (accum.)____
6-21
1
(irreg.)
Standard Chemical,
6-12
7-
$1.75
■■
■
Rubinstein (Helena), class A (quar.)
Russell Industries, Ltd., common (quar.,)____
1c/o pfd; (quar.)
Croix
7- 2
50c
Company
..
Squibb
619
7-1^
•
com.
common
convertible
15c
Pendleton
&
Cable
6-18
Co.,
(quar.)_
Gas &
Square D Co.,
5%-
Holders
7-
$11/2
;
Serv.
preferred
Springfield
6-18
.
$2. participating class
Robbins
(Sabin) Paper,
6-21
10-
Mills-r-
6-15
(quar.)
Pub.
$3
Spalding (A. G.) & Bros., $1.50 pfd. (irreg.)
Sparks Withington Co., common (irregular)
Springfield Fire & Marine Insurance (quar.)
$5
A pfd. (quar.)
1% pfd. (quar.)__
Rochester & Genessee Valley RR (s-a)^
Rochester Telephone, common
4Vi %. 1st pfd. A (quar.)
8
7-
10c
$1'A
' \$3A.
6-
77*76-30
7- 1
,25c
(accumulated)
preferred
6-30
7-1;
7* 1
30c
Riverside <Silk
6-18
50c
$2V2
75c
$1 'A
——
!
6-30
7- 1
7-
$5c
10c
(quar.)
(quar.)
Company, common; (irregular)_____ i
5% convertible preferred (quar.)
Riverside .& Dan River Cotton Mills—
When
Payable
1
(resumed)
preferred
6Vfe%
6-22
6-30
7-I f :;y'6-ii^'
$3
$lVi
Ritter
6-30
.
6-22
__i._
Products
$6
A
Per
share
-
v
Light & Power—
Southwestern
9-15
6-30
Richmond'. WAter Works, 6%. pfd.
6-15
6-15
6-22
non-voting
Metal
Class
9-15
6-30
Name of Company
■
Southwestern
-
6-15
6-15
7-1
7-1
$13A
50c
;
7-1
6-
5
,10- 1
7-1
10- 1
V$3
Richmond Fredericksburg &
6-15
7-1
7-15
7-1
7-15
*
Full Fashion Mills
Pilot
Common
6-15
:
of Re0.
7- 1
'
Potomac, common"$3
.,?ilt Richman Brothers Co
6-30
$l'/a
$1'A
$1,50
$1.50
20c
50c
Philadelphia Transportation—
6-15
Holders
Payable
$13A
$1%
$1%
Dry Goods,
—
6-18.
When
.
share
7% 1st pfd. (quar.)_,
7%: 1st preferred (quar.)_
^
7% 2nd preferred (quar.)
7% 2nd preferred
(quar.)
_1
_f.
6-28
87»/2c
Philadelphia Co., $6 preferred (quar.)
$5 preferred (quarterly) —
——Philadelphia Dairy Products, 1st pfd——...
$6 prior preferred
(quar.)
Philadelphia Electric Company (irregular)—
Philadelphia Electric Power, 8% pfd. (quar.)
Rlce-Stix
6-10
6-29
7- 1
7- 1
7- 1
t2c
25c
(s-a)
H.)
(N.
RR.
Peterboro
—.
Mines,
6-15
7- 1
7- 1
7- W-
37VaC
25c
—
(irregular)
Ltd. (quar.)
Pet Milk, common (reduced quar.)—
4V4%
preferred (quar.)
1
Permutit
6-15
7-1
Pennsylvania Glass Sand Corp., common—25c
5% preferred (quar.) __™__™__™™;
$llA J;
Pennsylvania Power & Light, $5 pfd. (quar.)
$1VA
$6 preferred (quar.)____—_™_™.i_™_ /'/v $iy2
$7 preferred (quar.)
„
;7 $1%
Pennsylvania Railroad Company (irreg.)™
$1
Pennsylvania Sugar Co., 5% pfd. (quar.)__
12V2C ;
Pennsylvania Telephone $2V2 pfd. (quar.)__
G2yac
Pennsylvania Water & Power, com. (quar.)_
;;
$1
$5 preferred (quar.)
_
$1.25
Peoples Credit Securities, Ltd. (interim)——
$25c
Peoples Drug Stores (irregular)
40c
Peoples Gas, Light & Coke
$1
Peoria Water Works, 7% pfd. (quar.)
$1%
Perfect Circle Company (quar.) ————
50c
6-18
7- 1
—10c
__
6-10
6-30
$1.25
70c
(quar.)™—15c
preferred (quar.)
Pennsylvania Forge Corp.
$2.80
.yi M:'Per
v•v
Name of Company
ot Rec.
7- 1
7- X v
6-30
(quar.)__
Pennsylvania Edison Co., $5 pfd.
"f
tioiaire
Payable
Share
•
Monday, June 28, 1943
(quar.)
$2.50
50c
7-10
7-
1
6-18.,
6-21
6-21
on
page
62'/2c
7-
6
6-15
37!/2c
__
7-
6
6-15
244ij
•
THE. 1. ^MM^'RCIAL & FINANCIAL CHRONICLE
Number 4189
157
Volume
Stock and Bond Sales
DAILY
Below
we
4%i, 1947-52
-
the
Total sales
Securities
...
4$, 1944-54—
2%s, 1962-67—
Total sales in $1,00 units..
2%s, 1963-1968—
Low
•
—
units
;
1964-1969
—
sales in
Total
—
Total sales in
\ Low
Total
in $1,000 units
Total sales in $1,000 units
(High
\ Low
—
High
—
2s,
Total
fHigh
\ Low
2s, Dec. 1948-50
112.8
112.8
In $1,000 units
Close
High
High
Close
Total sales in $1,000 units
units
—
[ High
\
2%8, 1948-51
2s,
Low
units
<
'
—
[High
[ High
\ Low
[Close
Low
1949-1951
2s, Dec.,
Close
Total
units—.—..
(High
sales
—
Low.?
March,
2s,
i Low
1956-59
2%s,
Total sales In $1,000
units
1951-54
[High
-( Low
1949-1951
Sept.,
[Close
(Close
In $1,000
Low
2s, June, 1949-51
Low
•
Close
sales
{ Low
Total sales in $1,000 units-
3
1945-47
Total
—_
High
112.8
[Close
2%s,
Close
[Close
in
sales
Total
$100
I High
High
1958-63
Close
Total
units
Total sales
Close
Total
in $1,000 units
Total sales
f High
1%S
—-j
1948
Low
[Close
1948
Total
sales in $1,000 units
Federal Farm Mortgage
1944-1964
3'As,
[Close
sales
-j Low
[Close
[High
{ Low
1949-53
Total
in $1,000 units
units
Total sales in $1,000 units
2%s,
■{ Low
[Close
f High
2%s,
1953-55
2s
Low
[Close
Total sales In $1,000
sales In $1,000 units
[High
(High
.
1945
Low
1951-55
2s,
Low
Close
2%s,
sales in $1,000 units
High
High
2%S, 1960-65.
■{ Low
[Close
1950-1952
Sept.,
2s,
Low
•
Total sales In $1,000
—
[High
Home
units
[High
3s
\ Low
[close
1952-54
series
sales
RECORD
June 23
50
*51%
52%
11
11%
*30%
19
*18%
<4
2%
19%
19
♦33
47
52
52%
11
11%
32
*30%
34
28%
*30%
*46
52%
*52
11%
11
32
50
52%
18%
19
45%
45%
45%
72%
72%
74%
72%
72%
5%
5%
5%
5%
5%
5%
18%
103
*100%
2
2%
*18%
19
18%
18%
18%
33
33
27%
28%
*71
*10%
156
*33
.
27%
14%
*13%
14
22%
23
*13%
23
155
14%
23
*13%
22%
11
157
90
2%
16,900
1,400
30%
14,700
76%
*71
Reduction
100
1,800
156%
Allied
1,900
13%
13%
13%
13%
12%
13%
13 %
13%
13%
13%
13%
14
93%
*90%
92%
92%
92%
*92%
93 y2
•92%
93%
93%
93%
900
38%
38%
37%
38%
37%
38%
38%
38%
38%
39%
39%
39%
13,900
19%
19%
*19%
19%
19%
19%
19%
19%
19%
19%
20
20 y8
23,500
:
;
1,900
Allied
5%
Stores
-
*1%
82
1%
1%
1%
28%
67%
For
*1%
1%
*1%
1%
*1%
25
*23
25
22%
22 Va
*21%
23%
*21%,
82
*22 %
*81%
82%
82%
82%
82%
82%
82%
29
28%
28%
29
".29%
29%
28%
67%
footnotes
29
67%
see
67%
page
2423.
65%
66'A
66%
67
:■
66%
1%
23
*1%
*21%
83%
83%
29'A
29%
67%
66%
1%
23
84%
29%
67
:
100
100
•1,500
Amalgam Leather Co Inc
6%conv preferred
Amerada
1,200
Am
2,200
American
Petro
Corp
Agric Chem
.
Inc
Dec
61
Jan
69
Oct
4
Nov
6
1% Mar
Jun
15
69% July
3Va May
4
ft
Jan
%
Oct
22% May
4
3%
Apr
6%
Nov
3%
Apr
6'A
Nov
7 % Apr
105
94%
Feb
22%
Nov
73%
Feb
3%
Apr
7%
Deo
10% Jan
16% Jan
6%
73%
26%
17%
%
13y2
par
No par
—_1
——50
-
May 2d
11% Jun
163
4
May 29
9%
52
Jan
27
149
Jan
Jan
Jan
May
10
11%
12%
Jan
Apr
16%
Nov
Apr
14% May 17
23
17
Jun
118% Apr
25% May 29
Jan
Jan
Jan
Jan
Jan
Jan 20
Jan 14
Jan 2
x67
No par
10
Dec
41%
May
9
("Del) -—-Wo par
Airlines
16%
Apr
10
16
19
100
Alpha Portland Cem
Dec
Mar
29%
67%
Jan
—No
Mfg
NOV
26%
75
7
No par
Corp
75 % May 28
8%
Jun
4
40
Apr 29
30% Jun 25
140% Jan
preferred
Allis-Chalmers
1
Jan
Apr
22% May
No par
No par
Allied Mills Co Inc
48% Jun
48%
18'/a Jan 11
64
Jan 15
1
Chemical & Dye—
Allied Kid Co
14%
Jan 25
Jan 11
21% Mar 30
Jan
5% Jan
2
5% Jan
2
13
Jan 11
No par
103
Allen Industries Inc
2,500
92%^ 22%
7
5
11%
*13%
85
100
No par
5%% pf A with £30 war
100
5 % % pf A without war
100
$2.50 prior conv preferred_No par
157%
14%
18%
3% Jan
10
Albany & Susq RR Co.
11
22%
5%
17
Allegheny Corp
157
22%
7
Jun
Dec
43
Sep
Apr
Dec
113
**
May
39
13
par
10
gtd
25
31
32
No
Alghny Lud Stl Corp
53 y8 Jun
Mar
51%
May
104
2
14% Jan
8
38% Jan
8
67
Jan 28
7% Jan
25 y2 Feb
■Ala & Vicksburg Ry Co
Alaska Juneau Gold Min
May 27
47% Jun 10
37
6
par
par
Corp
Inc„07=«.
Alleg & West Ry 6%
74
*90%
.
Air
11%
*13%
14 -;iv, :
23%
100%
2%
35%
28%
156
100%
28%
35
28 V.
«
6,100
35%
34%
28%
10%
80
5%
4,800
35
10%
74%
16,000
27%
155 %
Address-Mutigr
20%
33%
*71
900
63 % Mar 12
113
Highest
$ per share
$ per share
5
No
Corp
$ per share
41% Jan
__No
Express
5,400
20%
28 Va
Adams
19%
20%
33%
V
25
Steel Co
4
110
Feb 23
35% Jan 23
No par
Abraham & Straus
Acme
51V2 Jan
100
Lowest
Highest
$ per share
No par
preferred
4%
46'A
20
19%
76%
5%
Abbott Laboratories..
Adams-Mills
20
19%
*71
*72
Lowest
Par
100
20%
20%
10%
23'A
2%
20%
*10%
23'A
103
2%
19%
10%
*13%
*100%
2%
20%
76%
155
I-* O O
19%
*71%
1551/2
2%
19 %
76%
154
100%
14,300
31%
72%
2%
300
18%
19
45%
104
30
50
53%
*30%
18%
2
53%
10
11%
44%
r—i O O
*46%
500
62
112%
Year 1942
Range Since January 1
STOCK
YORK
EXCHANGE
Shares
31
18%
5%
*61%
*111
NEW
the Week
share
11
44%
*70
$ per
31
18%
.
Sales for
Friday
June 25
11%
44
10%
10%
155
11%
47
61%
112%
18%
76%
♦71
'
•
61%
*111
45
'
28 Va
61%
112%
5%
5%
19
•
50
$ per share
72%
74%
19 Va
61%
*111
52
31%
June 24
43%
45%
104
62%
113
Thursday
$ per share
*46
11%
32
2%
*61%
*111
*46
50
5%
61%
113
113
52%
♦100'A
Wednesday
$ per share
Range for Previous
STOCKS
PRICES
June 22
61%
61%
113
♦72%
SALE
Tuesday
$ per share
$ per share
44%
HIGH
June 21
June 19
♦18%
AND
Monday
Saturday
11%
tSale of registered bonds, all others are coupon issues.
♦Odd lot sales.
NEW YORK STOCK
♦30%
Low
$1,000 units
in $1,000 units
LOW
!
i
1944-1952
l%s, 1945-1947
[Close
-46
IRlgh
[Close
f High
Total
♦52
A,
Total sales in
4 Low
2%s, 1956-58
61%
Loan
Owners
sales in $1,000 units
Total
Treasury
♦111
*4%
Total sales in $1,000 units
Close
2%s,
102.5
[Close
Low
•
102.5
j Low
3s, 1944-1949
2%s, 1950-52
102.5
f High
in $1,000 units
Total sales in $1,000
S
units.
Total sales in $1,000 units
2%s,
.low
[Close
—
2%s, 1955-60.
Total sales In $1,000
-—j
Total sales in $1,000 units
units
[High
Total sales In $1,000
sales in $1,000 units
2s, March 1948-50—
\ Low
(Close
2% s,
[Close
—
[High
sales
Low
■
I
—
units
3s, 1951-55
Total
1947
Low
Close
Total sales In $1,000
Low
(Close
[High
•
In $1,000
\
sales in $1,000 units
Total
in $1,000 units
sales
———J Low
[Close
2'As, 1954-56
[Close
Total
sales in $1,000 units
—
38. 1946-48
12
\ Low
[Close
2%S, 1952-55———.
[ High
sales
101.3
21
—
—
Total sales In $1,000 units
Total
101.3
101.3
f High
—
\ Low
(Close
3%s, 1949-52
101.3
$1,000 units
—
1946-49
101.3
Low
[ High
2%s, 1951-53
[High
3 VbS,
1
22
101.3
•{
2%s, 1967-72
[Close
sales
100.18
I High
...
(High
Total
100.18
100.18
(Close
[High
| Low
(Close
Total sales in $1,000 units—•——.
3%s, 1944-46
100.18
—
...
$1,000 units—
—
3%s, 1943-451
Low
■
—
—
100.16
10C.18,
High y
in $1,000 units
;;
—
[Close
[Close
Total sales
sales in $1,000
Total
2%s,
Low
■
June 25
—
—
units—
1946-56
June 24
Close
[High
3% s,
June 23
Low
——
—
Close
Total sales in $1,000
June 22
—
fHigh
[High
—
f High
^ Low
[Close
:
—~
June 21
June 19
Daily Record of U. S. Bond Price*
—
in $1,000 units..——
,L
the New York Stock Exchange
on
June 25
June 24
Ju«ie 23
June 19
High
•
Low
[Close
—
of the day. No account Is taken of such sales In computing the range for the year.
Home Owners' Loan and Federal Farm Mortgage Corporation coupon bonds on the New York
current week. Figures after decimal point represent one or more 32d of a point (See note below).
,
Daily Record of U. S. Bond Prices
Treasury
YEARLY
-
of the transactions in Treasury,
furnish a daily record
Stock Exchange during
WEEKLY
-
United States Government
<
New York Stock Exchange
«»
day's range, unless they are the only transactions
sale® are disregarded in the
NOTICE—Cash and deferred delivery
2413
1
. ..
6%
Nov
14
Jun 25
4
94
Jun
15
64
July
39% Jun
25
22
Apr
30%
Jan
14%
Apr
19%
Nov
H Aug
1%
Jan
21% Mar 10
2% May 22
11
43
Mar
30% Jun
10
18%
Jun
May 19
25%
Apr
18%
Dec
86% Jun
81
25
71
May 24
7
70%
:
y 24
58%
Jan
Jan
Oct
Nov
Deo
2414
THE COMMERCIAL &
FINANCIAL CHRONICLE
NEW YORK STOCK
LOW
Saturday
$ per share
15 %
*58 >
58%
8%
June 23
G%
86
177%
41%
78%
78%
*22%
6%
15%
15%
15%
58 %
58 >/4
58%
58
58
8 Va
*8%
8%
38
38%
38
132'A
132'A
*132
7
7'/a
85%
85%
7
85%
'*178
177%
39%
40%
40%
41%
79%
78%
78%
79%
79%
22%
*22%
22%
7"
178%
411/4
'
41%
771/4
X
77%
23
22%
7%
52%
23%
1,500
114
114
114
114
1137/e
114
114
114
*114
115%
107%
108
108
*106%
108
107
107
107
107%
28
*21%
28
*21%
28
10%
10%
10%
16
16%
16%
*21%
28
4
28
*21%
*9%
10%
10 Ve
•/;. 15%
15%
*15%
*101%
103
*21%
American
9
9
26
26%
7
*8
6%
'9
*8
26%
*25%
103
9%
26%
87
85
85
87
23%
24
22%
23%
*75'%
78
77
77%
*85
34%
22%
86 Va
86
7
86
71/4
86
23%
23%
24%
23%
35%
76
76
76
87
76 %
.
34%
*33%
343',
3%
3%
3%
*39'A
40%
40%
40%
34
*33 V2
34
3%
33A
-
24%
34%
500
34%
—.——20
15% Jan
1% Jan
6% Jan
40%
66%
66%
65%
4%
4%
*4%
*52%
53%
*8%
8%
*6% ;•
>
*39:v|
.f.V*
7
42
*40V4
65%
65%
65%
4%
66
4%
4%
4%
53
*52
preferred
No par
$7 2d preferred A—__—No par
$6 preferred——No par
American Hawaiian SS Co
American
*40%
42
*52
*52
52%
66
42
100
66
65 34
65%
65%
4%
4%
4%
4%
4%
53
*52
53
'
:
52%
52%
6%
8%
8%
8%
8%
8%
8%
8%
4,900
R%
6%
'6%
6%
1/,
6%
6%
6%
*42%
44
*42%
44
*42%
44
*42%
44
14%
15 Ve
15 Ve
15%
15
15 VB
15%
103%
103%
103%
102 %
103%
103
103%
104%
14%
14%
14 Ve
14%
14%
14%
14%
14%
14%
23%
*120%
31%
31%
2%
29%
31
10%
11
10%
23%
*120%
31%
2%
31
2 Va
31'A
27%
10%
23%
121
30%
2%
30
10 %
*169
175
*169
175
31%
31%
9%
9 %
V4
23%
121
27%
27
28%
*27%
*169
9
9JA
23%
121
2%
2%
•;
*30%
15
9%
9%
23%
121
*31%
I
105 %
*9V4
23%
f
44
*42%
14%
*101%
9%
*1201/4
31%
3%
28%
10%
M Vo
23%
23%
121
3
28%
V
31%*
31%
10%
175
14%
11
23%
*120%
31%
31%
9%
Hide
&
American
2,400
24%
900
1,600
i[ 400
10,700
2%
31%
31%
28V4
10%
*170
28
283/a
10%
11%
45,400
*170%
Leather-.
Amer
14
13%
14
13%
14%
14%
14
14%
14%
15%
15,100
63%
64
OJVa
64
63
Va
64
63
6.5/8
62 Va
63%
&
Amer Mach
&
Amer Metals
%%
*12%
13
12%
12Va
12
Vo
12%
12%
13 1/8
13%
13%
1,000
16%
16%
Xl6%
16%
15%
16
15%
16
31
31
30%
30%
31
31
31
31
31
31%
31%
31%
41 Ve
41%
41'A
41%
41
41%
40%
41%
40%
41%
41%
42
150%
150%
150 %
lOiVa
150%
151
42%
*42%
148%
*145
147
150%
44
*42
42%
147 :'
151
26%
26%
25%
*14%
14%
14%
*145
26 Ve
14%
15%
16
16
*29%
25%
29%
29
110 V«
*109
*28
28%
*28
l.'ii
151%
43%
*43
148%
Va
*145
16
44
26 Va
26
14%
14%
29 3A
*109
Va
*28
29
152 %
153
*
16
15 Va
153/4
1,300
290
6,400
*
Amer
43%
300
148%
<
27%
6.01)0
143/a
600
15%
15%
500
29%
29%
29%
1,100
110%
29
15%
29%
30
110%
110 %
*109%
110%
Apr
1
25%
Jun
35
2% Jan
4
6
2 Ve
May
3%
22
32%
Sep
36%
Oct
May 5
May 27
x36%
Apr
58
Dec
2
May
3o
5
4 % Apr
40% Jun
70
29
28%
28%
300
Seating
11% Mar
Stove
Am
144%
14434
118%
118%
*118% 118%
r
*118%
118%
118%
118%
118%
1,220
11%
118%
113/8
5,700
46%
,
47%
11,300
118%
119
16%
700
preferred
5%
15'/e
142%
Jun
165
Jan
9 %
May
Apr
12
Jan
52%
May
1
Nov
59%
43/4 Mar
6%
Jan
Jan
0%
Oct
9%
Nov
.
Feb
14%
Dec
May
24
35%
Jan
43
Jan
35% May
132% May
29
Apr
3
Mar
2
136%
29% May 29
15% May 4
16%
148%
Jun
Jun
Apr
9%
Nov
36%
144
21%
Jan
12
Oct
Mar
Nov
Feb
2
17
Anr
24
14
33
Jun
2
15
Mar
21%
Jan
112% Jun
5
78% Mar
97 Ve
Jan
23
Aug
7%
Jan
12
Oct
Jan
5
21% Jan
127% Jan
42 Va Jan
14
30% Apr
27
17%
2
15S % Jun
10
101 'A
Apr
1343/4
Jan
2
60
Jun
2
33%
Apr
493/4
Jan
43 Va Jan
2
61 % Jun
7
34%
Jan
129% Jan
2
144% Jun
22
Apr
Apr
503/4
100
B
1
Viscose
Jan
Jan
91
h»/4 Jan
14
par
100
Amer Type Foundries Inc
American
Jan
12
25
No
Tobacco
class
Feb
263/a
25
Tobacco
Telep & Teleg Co
Common
9
Nov
119
17 Va Jan
—100
-100
Sumatra
5.500
11%
Co
Preferred
60%
461/4
6
12
60 Va
144%
193/8 Jan
par
60
11 Vo
151
par
593/4
45%
45
2
7%
233/4 Mar
Feb
4
May
1553/4 Mar 15
2
Feb
No
American
American Sugar Refining
60
144%
1
353/4 Jan
May
Apr
21% May
% Mar
4
par
—
4 1
16
113%
8
145
Dec
22
15% Apr
144% Feb
25
—JiOO
12%
26%
6
Jan
Apr
Apr
153/a May 10
66% May 25
No
59%
1
—100
—
9%
Apr
2
No
59
'
par
Nov
Apr
2
American Stores
58%
45%
168
Jan
91
33/4
Jan
Am°r Steel Foundries-
58 %
;.11%
3"
Nov
10%
Jun
12%
8% Jan
No par
—
preferred
58'A.
144%
No
Feb
40'/4
Jun
8
10 Ve Jan
18.50
Co_
tPreferred
6%
59%
11
11% Jun
54
^100
American Snuff
59
45
2
24
18
Amer
144 Va
154
—25
preferred
Safety Razor
American
44 Va
4
4% May 10
33% May 20
30% May 10
47% Apr
1,500
10%
32% Apr
2
32% Mar 23
5,900
14434
4
7
59
10%
Jan
5
154
44
."—100
7
A Jan
2
6%
65
4
7
May
5
59
144
x26
10 Ve Jun
27 Ve Apr
123
37J/e Jan
59 Va
11
par
11
12% Jan
153%
44 Va
4
29
73/e Feb
27
*58%
143%
20% Jan
116'A Jan
>
No par
Smelting & Refg—
152%
43%
par
No
San'y
35 Va Mar
6
Amer
59
10%
23
17% May
tAmer Ship Building Co-——No par
58%
143%
Co
———-1
conv
58 %
11 Va
par
,—100
6 Ve Jan
57%
44 Ve
Jan
1
18% Jan
152%
143 %
7
15% Jun
16 % Jan
57%
11
Oct
7
par
152%
44
4%
12% Jan
par
57
143
Nov
2
5
par
Dec
5%
1053/4 Jun
No par
American
Feb
37
Apr
2
No
Ltd
News
American
46
Jan
Mar
2 3/4
20
No
Va %
,
1 Ve
25
Oct
Jan
6
73A Jan
No
58%
153%
2
25
9% May
•V 7Va Feb
81 Va Jan
American Rolling Mill
1C0
*28%
39'A Jan
5
52% Jun
par
preferred
152%
152%
Jan
$5
4
va
Jan
Light—,
preferred—
58%
'
Dec
23
-No
Metals—
Co
Dec
Feb
—No
Power &
152%
152%
Fdy Co
Am Rad & Stand
120
14%
49%
Dec
$6
220
26%
14%
*15%
16
29
43%
*145
26%
14%
110%
15 V4
148 Va
25%
14%
*15%
16'A
43%.
*145
25 Va
29%
28
28
44
148%
*14%
*108%
30
110%
*108%
151"
150'%
*15'/a
Jan
423/4
35
:—,_50
preferred
American
1,090
13%
18%
—100
Mach
Dec
16
Jan
5
No
Dec
2
10%
5% Jan
preferred—
Nov
Jan
17
2
Locomotive—;
Jun
32
873/4 jun
11
Preferred
7%
25%
3% May
16%
May 10
78% Jun
43/4 Jan
conv
5
Apr
9
Nov
6
37 % Jan
5 %
Nov
3
Jan
Internat
American
Dec
16%
Jan
8%
100
preferred-
100%
%
Jan
Corp__——No par
American Invest Co of 111———1
6%non-cum
Amer
May
7V2 Mar
1 %
_1
——No
92
4
10
10
2 •
Ice_
2
Jun
30
—50
Home Products
Preferred
64
*12% 1
Oct
29% May 18
7
180
14
14%
18
7% Dec
223/4- Jan
Dec
14
53% Jan
4,400
64
f
Jan
3% May
14
25 Vb Jun
' 2
,4,800
10%
180
15
6
25
Jan
6
„1
10
3%
3
Dec
Jan
par
30
8,000
'
Mar
103
39
10
preferred—
conv
American
<1,100
121
31%
300
31%
28
28%
9%:
23%
121
2%
31
31%
175
*170
V Va
16
110
Mar
7
"
100
8%
6%
14%
*120
2,900
8%
15%
*14%
3,200
*8%
104%
15%
May
May
69
4% Jun
24% Jan 21
1% Jan '2
46 Ve Jan 12
par
$7
900
t
*6%
V
43
42%
*103
,.
No
700
4
16
105
31
A'( ;,0 ;j
•
'
*40%
1
Power.:
*
,
No par
Export Lines Inc
For'n
Jan
7
24% May 20
8
&
Jan
733/4
•20%
15
2
100
Oct
33
24% Apr
8
Tiling—1
European Secs__
Amer
18 400
76%
—10
4
3%
3%
>
of
Dec
Dec
114% Jun
4
Encaustic
American
i 1,000
24%
23%
76
<
20,200
33/4
1123/4 May 10
22
Feb
1st, preferred
Distilling Co
Amer
4,000
7%
86%
6%
100
26%
7%
77
*75
*3%
*33
4
*3%
V 86%
7%
40
9%
26
'
Jan
96
104% Jun
Amp"
1,100
6 %
109
97% Jan 27
2,200
3%
*8
5
100
18% Feb
29%
26
18'A Jan
par
—No par
Feb
176
•
55% May
113/4 May
3%
9
20
1
29%
7
1
4
2
3%
26'A
No
45% Jun
79 Va Jun
26^
29%
6%
Inc
preferred
6
15
Oct
Jan
743/4
May
24% Jan
64 % Feb
6% Jan
103%
*8
Cable
&
33
Apr
par
19% Feb
3%
25%
Mar
14% Jan
29%
102
159
56%
Nov
1303/4
Apr
4
Crystal Sugar
*102%
33A
!
1 Ve
4
Oct
49
6 Va
Apr
Apr
12
Aliegh Co N J_—25
Colortype Co
10
3%
29
No
9%
Apr.
Jun
American
29%
3%
Fdy
89
Jan
3% Mar
180% Jun
9
American
103%
28%
&
9% May
2
Jan
900
*102%
103%
71 Va Jan
173
8
1,500
I
16
3%
1
100 "
93/4 Apr
Highesti
$ per sharo
100
Am. Coal Co
*10
28%
Corp
-25
Car
conv
10%
*102%
Radio
&
Can
Chain
t5%
15%
3%
*33
Am
10%
28%
9
20
15Ve
3%
7
3% Jan
Cable
103
103
26%
23
120
10%
28%
:v
1
14
15%
3%
6%
40% Jun
132% Jun
10%
28%
*8
2
15%
*3.%
5%
383/4
4
10 Va
..
4
May 10
27% Jan
tAmerican Chicle—.—
28
60
1273/8 Jan
16
28 %
26 %
*21 %
'
17% May
5
4
100
Preferred
140
5
Jan
4%jan
47
1942
$ per share
No par
preferred
conv
American
130
103%
8% Jan
Year
$ per share
1
t Preferred
800
107%
10
per share
Lowest
Corp,
Amer
10,000
$
50
Bosch
American
200
77%
Note
preferred
5% %
3,800
41%
23%
Range Since January 1
Lowest
Highest
Brake Shoe & Fdy
Am
16,800
,
88
178 Va
77%
23%
6%
Bank
American
30
116
107%
American
1,500
7
178%
Range for Previous
.
STOCK
Par
190
40
87
190
YORK
EXCHANGE
400
135
39%
*132
86%
86
179
40%
22 %
39'/4
NEW
3,300
'
8 5/8
8%
135
for
Shares
16 %
40 Ve
22%
$ per share
•15%
6%
85
$ per share
*8%
38
177%
Sales
the Week
58%
135
6%
178
June 24
*78%
r
22%
"114
38
*132
86
86
'/
178%
41 %
38%
6%
6%
,.
85%
15.
8 %
Friday /■
June 25
Thursday
share
per
58%
8%
134
$
14%'
*58
8%
38
*132
share
per
14%
58%
*8%
39
$
15'A
VV*58V$
134
178%
STOCKS
Wednesday
per share
RECORD
PRICES
SALE
June 22
15
8%
*131 VSb
HIGH
Tuesday
S
15 y4
39
AND
Monday
June 21
June 19
Monday, June 28, 1943
—10
Corp
14
preferred
32
Jan
'/B Jun
25
120
1U
47% Jun
1
6
i
100
lio3A Jan
8
119
Elec__—No
par
3% Jan
5
9
No
par
Jan
26
33/4
22
Jan
143%
Jan
7%
Nov
33%
Dec
Apr
Apr
108% May
116%
Jan
4
Nov
'
VA
7
7%
7%
70%
70%
5%
5%
7
7
*79
84
*79
'
7
69%
5%
6%
84
CO
7%
7%
7
69%
701,4
5%
*48
*81
7%
7
84
7%
7%
72%
72%
534
5%
50
7%
26%
27%
263/4
27Va
27
27%
25%
25%
25%
25%
25%
25%
26
26
*47
52
'
5%
50
27%
7
84
72
5%
50
27%
*48
7Va
*81
7%
71%
5%
50
7
83
*48
83
8%
8
73%
x71 Va
5%
5%
52
*50
7%
84
Am
200
8%
10,600
71%
6%
53
27%
27%
28%
26
26
263/4
27
21%
21%
21%
21%
21%
21%
21%
22 Va
22%
*21%
22%
*113%
115%
*113%
115%
*113%
115%
*113%
115%
*113%
115%
*113%
12%
*11%
12%
*11%
12%
*11%
12%
*11%
2%
*2 3/8
2%
*2%
2%
*2%
2%
*2%
43%
43%
43%
109%
109%
109%
5%
5%
*59%
72
*68
53/b
110
5%
59%
37
36%
9%
9%
*9
9%
*9
100
*98
13 Ve
13
13%
13%
89
89%
*86%
86%
84%
*37%
85
851/8
*104
105
*104
*104%
105 %
*1043/4
105%
54%
54%
53%
84%
31%
33%
28 Ve
S *56
24%
*28
29
58
28
*56
24 Ve
25
Jan
2
243/a Jan
2
540
Anaconda
W
24
87%
39%
*37%
89%,
380
88
350
104%
*104Vi
105
*104%
*104%
105%
*1043/4
105%
54%
55%
54%
55%
55%
56
85
86'A
86 Va
X84%
84%
843/4
84%
33
33
34
1,900
33%
33%
3,900
29.
28
28
58
*56
29%
*28
58
56%
56%
*56
58
*56
24%
24
24 7 a
25 Va
*55%
60%
*120
111/4
*11%
4%
4%
57
57
11%
56
*55»/4
61
123
60%
*120
11%
*11%
5
5
58%
4%
,5
*112
57
4%
4%
25%
25%
24%
25%
58
7%
Associated
16%
10,100
500
100
26%
8,100
112%
260
8,600
Coast
Atl
58%
5
53
54
4%
53
5
53
92
40
100
6,000
900
15%
conv
5 Ve
32,500
Aviation
11
Mar 27
15% Jun
25
9iy4 Jun 14
2»/a
Oct
1% July
36
Apr
Sep
Dec
111% Mar
Sep
4%
42
Sep
67%
Feb
40%
Oct
66
Jan
21
Jari
Jan
333/4
Dec
5% Mar
8%
Nov
2%
4%
79
4V4
Apr
82
May
Oct
July
Apr
6%
61% Mar
77%
Jan
Jan
59
Jan
7
89'
Jun
12
53
Jun
83
Jan
par
29
Jan
5
37 Ve Jun
11
20
Jan
28%
Dec
100
Jan
4
105% Jun
12
81% Jan
100%
Dec
16
Oct
105
Jun
1
2
100
443/4 Jan
7
58% May 27
27%
Jan
53
66
Jan
2
86% Jun
60 Va
Jun
72%
Oct
26VaJan
13
193/i Jun
34%
Oct
38
23
May 26
19
Jan
44
Jan
4
60
18% Jan
7
28% May 27
25
—100
6% Jan
No
,
par
par
(The)
113
4
14
Jan
Jan
21
3
3% Jan
13
15
Jun
13% May 29
12
7% Jan
23/4 Jan
28 Va Jan
6
May 27
16%
33
Jun
34
Jan
Mar
45%
Jan
Apr
23%
Jan
993/4 July
6% Sep
109%
Feb
143/a
7
Jan
Jun
24
46 3/i
Apr
51
Dec
65% Feb
15
43
May
70
Jan
24
1111
May
116
56
9
113
100
No par
—No
Mar 16
52
par
31% Apr
8
50% Jan
5
preferred—.
Corp of Del
106
50
No
prior A
4%
4
72% Jan
101
27
1
Atlas Tack Corp
Austin Nichols—
$5
Feb
6% Jan
100
tAtlas Powder
4V«
5
May 19
100
470
12
25
10% Jun
preferred
600
128
5
10%Jun
Atlantic
60%
4%
403/4 Jun
7
_100
12%
*11%
2
9
43/a Jan
RR
56
*122
30
Jan
6% Jan
W I SS Lines
Line
60 34
5
par
par
74
27%
102
12%
Mar
104% Jun
11%
12
20
1
100
56
123
Jan
112% Mar
7% May
100
60%
4%
49
<
100
56
*11%
7
100
60%
123
2
No
56
5 Ve
5% Jun
1
61 %
12
112% Mar 12
63% May
!
56
123
May 25
2
Dry Goods
Atlantic
&
Mar 18
2
preferred
G
Jan
Jan
Atch Topeka & Santa Fe
5%
2
Jan
17
5
12
*112
108Va Jan
44
11
30
Jan
preferred
5%
Jan
Dec
12% Mar
107 '' May
3
1st preferred
2d preferred
17%
34
par
24
46
Corp
Corp
preferred
11%
112 %
27
Jan
7
No
Co
Constable
11%
*112
7
3 Ve Feb
116
Jan
Jan
10
100
Refining
14% conv pref series A
Atlas
Corp
6%
preferred
112%
14% Apr
5
Preferred called
54%
32
33%
13
1% Jan
5%
50
28%
.5
Artloom
"5%
84 Vb
33
20
10 Ve Jan
Aug
22% May
No par
Assoc Investment Co
105
105 %
*28
61%
18.800
39 Va
*104%
4%
4%
89%
*104»/4
11%
4%
*37%
10
15%
104%
61
4%
86%
39 Va
100
14%
«
IO51/4
55%
57
100
88 Va
61
58
Arnold
400
87
55%
57%
Armstrong Cork
8,800
9%
85 Va
11%
4%
1,700
10%
9%
*37%
39V8
112%
12
38%
9%
100
111% Jan
39
8
No
38%
*98
Jun
22% Jun
preferred—
9%
89%
11%
17%
Apr
5
par
gtd-.lOO
$6 conv prior preferred
9%
14%
*111%
124
68
10
3%
38%
4
No
(Del) pf 7%
Co
Jan
Jan
of Illinois
88 Va
117«
Midl'd
Armour & Co
&
Jan
76%
5
Armour
14%
112%
Daniels
5%
Dec
—20
1,500
53%
.
Archer
Feb
Dec
51 %
16 Ve Jan
;i
Mining
Paper Co Inc
1,150
14%
113/8
4%
300
70%
3%
26
No par
Copper
1,500
89
*111%
*11%
43%
109%
25
26
31% Apr
293/4 Apr
No
div preferred
W
P
9%
28
55%
$5
Andes
A
Jun
Apr
—12.50
Cable
&
Anchor Hock Glass Corp
*9%
28
123
1,700
Apr
83/a Apr
11
—50
9%
100
7% Apr
7
54% Mar 30
4
Copper Mining
9%
*96
74
42% Jan
68
38
5
—1
5%
13 7/8
12 Vo
*119
37%
2
25
conv
59%
53/e
72
7
3% Jan
preferred
prior
59
5%
59%
*68
88
112%
60 3/4
38
53/B
593/4
1093/a
13%
12
55%
72
*49
88
112
*119
5%
59%
44
109%
*104
54%
84 Ve
33%
33%
109
*104%
85
*84%
*43
110
533/4 Jan
55% Jan
84
1%
4
par
Anaconda
9%
85
*37%
39%
105
44
No
Amer Zinc Lead & Smelt
$5
May
100
Woolen
9%
100
89%
39 Ve
37%
9%
12%
86%
37%
9%
*89 Ve
*37%
51/4
59
*68
*9
*98
5%
60
72
37
100
*109%
59
9%
*98
*43
*68
72
9%
;
*9
*2%
43%
37%
37%
*9
5%
59%
61
*68
*42%
*108%
431/2
110
*11%
2%
1st preferred
Preferred
100
2%
12
&
18,800
12%
*2%
21%.
Wks
American
115%
*11%
2,900
Water
$6
4,000
27 Va
'
16,400
123
Jun
13% Jun
7
.
4
5% May 28
583/4 Jun
5
6% Apr
2
22
8
7
Apr
1% Apr
15%
Apr
2% Jun
9
Jan
Va
3%
31
Jan
Dec
Dec
4%
Jan
Jan
B
8
8
16%
17
16%
7%
17%
17%
8
7%
17%
8
17%
17 Va
17%
8%
17%
17%
8 %
1734
24600
8Va
8%
Baldwin Loco Works
8 Vb
,,
Baltimore
11%
11%
11%
10%
11%
12
12%
83/a
11%
;
11%
11,400
12%
10%
*9%
10
*9%
10
12%
10%
10 Ve
12%
*9%
*9%
5,400
10%
50 Ve
50 Ve
50
50%
10%
600
50%,
50'A
50 %
lOVe
49%
49%
21%
22
49%
"21 Va
21%
21%
22 Va
49 V8
22
330
21%
22
22
10%
*10%
*50%
21%
*10 %
11
10%
*40%
42
*40%
17%
17 Ve
18%
18%
*26%
27%
17
18%
10%
42
10%
18%
17
18%
11
X10
42
42
*41 Va
17%
17%
29 Ve
29%
29%
27%
30
*26
*13%
18%
18%
18%
*26
26%
25%
26
29
103%
3A
103
29%
*29%
104
103
27
500
Bayuk
30%
600
Beatrice
560
108
108
*30
31
*30
31
107
►105
107
*105
107
11
11
*10Ve
11%
11%
15
15%
15%
15%
37
36%
36%
11 Va-
31
31
*105%
11%
16%
16%
16%
*55
56'A
*55
56
34
*33%
34%
33 Ve
16%
*55
33%
16 V8
108
11%
*107/e
32
11%
60
100
500
Cigars
tBeech
15%
16%
15%
16 34
36%
3,700
Bell
37%
37%
48%
16
16%
16
16
6,500
Bendix
15%
16
2,200
Beneficial
56
56'A
56 %
33 %
33 Va
34
'
*55%
34
56%.
34
*55V4
34%
56%
35
100
Pr
Aircraft
May 26
22
Jan
12
2
18% Jun
8
8%
Jan
123/4
Dec
7
20% Mar 22
12 Ve
Jun
18Ve
Jan
15'/a Apr
X23%
Nov
13 Va Jan
x29
par
25
24% Jan
16
par
101 Va Jun
25
114
__50
253/4 Jan
25
31
Jun
24
Jan
25
108
Jun
25
No par
Corp
1
—5
Loan
93
7.f
■
May 27
,1
20
103
Jan
2
11% May 10
20% Mar 16
4
39% Apr
6
9% Jan
4
41/2
Mar 16
31% Jun
34 % Jan
12
Nov
8
12 Ve Jan
20
Dec
6%
33%
5
Jun
No
—
13%
Apr
25
12% Jun
4
23VaJan
6% Mar
24% Aug
22% Jun
9
13
Jan
30
Dec
42
Feb
5% Jan
par
36
Apr
26
Dec
Oct
Mar
105
Oct
23%
Jun
30
Feb
64
Apr
1103/4
Jan
63/a May
9%
Dec
93/4 May
17%
Nov
28% May
39%
Jan
15%
Nov
Sep
7
35
Jun
25
17%
Apr
24%
Jan
8 % Jan
5
16% Jun 25
8 Vb
Dec
8%
Dec
par
55% Jan
7
100
110% Jan
4
16 Va
1,400
16%
Best
&
16%
16%
16%
63
62
25,900
Best
62%
Foods
623/4
64 %
118
*117
16,500
Bethlehem
*117%
119%
300
57
22% Jan
15%
62%
1%
6"
54
15 %
119
34% Jan
Jan
9% May
62%
118
Jan
461/2 Mar
15
117Va
6%
5
61%'
117Ve
Apr
5
15 Ve
•
4
17% Jun
62 !A
119
29
56% Jun
15
*117
12% Apr
23
62
footnotes see page 2423.
2
13% Mar 17
15 Ve
119
Jan
5% Jan
54% Feb
62 Vo
For
7%
pfd $2.50 div series '38_No par
15 %
119
4'/a
Jun
.t.No
.
w
Aviation
62%
-
w
RR—
Indus
Jun
4Va
1
Inc
Belding-Hemingway
16
37
2%
6
5
No
;
Beech-Nut Packing Co
15 Ve
14%
7
14% Apr
—10
Corp
Creamery
Creek
Jun
Apr
2
50
Co__
Works
t$5 preferred
36%
'
*16%
265/a
Oil
Iron
102 3/4
*105
36%
Bath
30%
31
16'A
Barnsdall
1,400
9%
10
Jan
100
preferred
101%
*31 '
107
11'A
4,900
18%
19% May 27
2
6
50
Brothers——
5V2 %
30%
*30
36 Ve
17%
18%
Barker
11*02%
*105
16
100
*29%
31
36%
900
rl02%
*30
*11
7,100
10%
43 Ve
30%
103
'
22%
103'A
103
103
preferred
Barber Asphalt Corp
2
33/a Jan
100
c.
5%
*17%
17%
18%
27
.
*26
Conv
10%
43%
17 Ve
t
103/4 Jan
100
v
Ohio—
preferred—
Bangor & Aroostook—
*41 Va
10
42
17%
*40%
17%
&
4%
Co
;
No
No
par '
par
i—,
Steel
preferred
(Del)
No
69 Ve Apr
6
119% May 22
49% May
105
July
66%
121
Jan
Jan
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4189
157
2415
NEW YORK STOCK RECORD
LOW
Monday
Saturday "
$ per share
$
HIGH SALE PRICES
$ per
per share
$ per share
$ per share
Sales for
June 25
June 24
,June 23
share
$ per share
.
1,300:
34
34
34%
35
35
35
35%
18
18 %
17%
18%
17%
17%
17%
18
18
18%
18%
18%
10%
10
%
10%
10%
10%
10 %
10%
10%
10%
10%
10%
13,300
♦15%
16%
*15%
16%
16%
16%
*15%
16%
*15%
16%
16%
16%
18
18
18 %
18%
*94
98
Btgelow-Sanf Carp Ino
2,400
10%
19
*17%
♦93
*93
98
98
*93
17%
98
17%
16%
*95
98
52%
94
*93
94
*93
51%
*50
51
50
50%.
28%
28%
28%
*52
52%
93
93
*93
94
94
52
*50
52
*50
55
*50
26%
26%
26%
27
27%
27%
27%
27%
27%
27%.
27%
27%
27%
27%
27%
27%
34%
34%
34%
34%
34%
34%
34%
34%
34%
*4%
4%
4%
4%
4%
.
4%
♦35
4%
35%
•
♦27
27%
27%
27%
28
*27
!
28%
*27%
28%
100
*27
10 %
10%
29%
40%
40%
40%
*39%
41%
*40%
427/b
42%
42%
42%
42%
*42%
-
1*
1
16%
42
18
18
i*
7,800
Briggs
42
42
i
*17%
18%
18Va
18Vs:
9%
9%
9%/
113%
*112%
113%,,
9
113
'
9%
f
*112%
9
9
*112%
113%
8
8
107
107%
9
9
8%
18%
*21%
22%
21%
21%
*21%
22
21%
*33%
33%
33%
33%
*32%
33%
33 %
800*
32%
70
-
'
30 Va
30%
30%
30%
30%
*107%
108%
*107%
108%
108%
*107%
13%
14%
13%
14 %
14%
14%
14%
14%
14%
5%
5%
5%
5%
5%
5%
*5%
30
-if-
O
*5%
5%
*58%
65
*58%
64%
*58%
64
*58%
63
*58%
*38
39%
*37%
39 %
*37 Va
39%
*37
38
37%
37%
10
9%
9%
9%
25
24%
25%
9%
25
4
4
*75
76%
75%
*22%
23%
♦22%
23
27%
*52%
27%
27%
53
*52%
9%
*25%
25%
*25%
25%
58
14% Jan
2
41% Jan
13
91 % Jan
12
38% Jari
Jan
22% Jan
4%
76
22%
27%
53
1%
.
800
5%
600
22 Va
22%
27 v*
27%
271/4
27%
27%
27%
53
52%
52%
*52%
1%
1%
lVe
53
California Packing
+5 % preferred
3,600
1
60
IV4
2,800
Callahan
29% Jam 8
Jan
4
13
7.
6% Jan
104% Jari 12
Jan
2
3
76% Jan 8
7%
7%
7%
7%
7%
7%
7%
7%
5,000
17%
17%'
17%
17%
17%
17%
1,700
19%
20%
20%
20%
20%
21
20%
21
21
21%
34
33%
33%
33%
33%
*33%
9%
9%
9%
9%
9%
45%
*44%
45V4
*44%
43%
44
*43
8%
8%
45%
95
142
*81/4
8%
*44V4
451/4
95
95
28%
28%
4%
4%
4%
94%
94%
29
116
4%
117
141
141
300
5
1,900
Case
119
120
141
Carpenter
80
47%
48
47 Va
48%
47%
48
48%
Steel
(J I)
38
39
37%
38%
104
104
104'/4
104
104
104
123%
123%
123%
124
123%
123%
124
124
13
90%
22
21%
22
22
12%
3'/4
*105%
106%
15%
15%
13%
21%
20%
*5%
6V4
*5%
111
•38
13 Va
90 V*
2,700
Corp
preferred
Central Agulrre Assoc
2,000
21%
21%
21%
3 V4
'3Vt
3%
106%
106%
106%
*105%
15%
15%
15%
15%
15%"
4,300
21%
22%
22V4
221/2
3,400
Central Yioleta
*5%
6%
6%
100
6'/4
61/4
6V4
*108
38%
38%
6%
6%
6%
56
56
110
*108
38%
110
80
110
*108
"
18%
*17%
*17%
18%
*21%
21%
*21%
22
*21%
21%
*103%
106
►103%
105%
*21%
42%
24
*21%
22%
*100%
101
21%
104
21%
22
42%
42
101
10P
►100%
105,
21%
43Va
42%
43 Va
'104;
*17%
'
Preferred
'
,
38V4
1,300
7%
5,100
Certain-teed
*55%
57
56%
18
*17%
940
58
*17%
18
101
43
101
7%
7%
7%
7%
7%
7%
7%
13%
13%
13 Va
13%
13 Va
13%
13%
5%
5%
5%
5%
5%
19
12
18%
19
12
12
43%
43%
43%
43%
44%
*100%
101%
101%
101%
7%
7%
5%
19'/a
19 >/4
12%
12%
7%
13%
13%
5%
14%
*13%
14%
*1574
14%
*13%
14%
*16%
17
*16%
17
*16%
17
*16%
17
2Va
2 Va
1%
1%
2%
2%
30
*26
30
*27
30
79
78'A
78%
79V4
81
141/4
14%
141/4
14%
141/4
1021/4
1021/4
*46%
48%
102
102
102
102
*101%
49
49
*47%
48%
48%
6%
6%
6%
6%
6%
140
*67
♦113'/4
*130
75
*66
*66
*35
35
35
35%
105
113'/4
1131/4
113%
105%
91 Va
9lVa
*517/a
60
*51%
35%
60;
41 Va
■;
35%
*144
146%
*144
146 >/a
*107
109
*107
64
64
-
107 Va
26%
26%
26%
113
*110
- ;
*110
17%
11%
*10%
11
*10%
11%
*22%
22%
*22%
23
108%
64
113
16%
10%
lOVa
f
v
*22%
26
*110
113
•
11
11%
11
11
1.4%
17
17
100
Chickasha
821/4
14
102%
*47Vt
8%
8%
38%
*37%
1021/4
102 «/4
210
48%
*102
*46%
48%
140
8%
8%
*37 Va
8%
38
38%
*130
140
*130
80
*66
114
113%
91%
800
*105%
110
20
*91 Va
110 /
92
330
91%
91
—
320
113% 113%,
36
u 36%
35% V 35%
*105%
•
*52%
60
41%
*52%
60
41
41%'
35%
*144
108%
64
20%
107
26%
*110
17
;
11%
35%
35%
*144%
146%
108%
•v"'64
108 Va
"r''64iA.>
:*63%
64
*820
•.
—
20%
-
•
,
1
*110
17
-
26%:
—
—
-
—
100
100
5
113
*110
17%
!-,
17
r
1,900.
"
11%
11%
11
11%
11%
11%
,11%
*10%
11%
22%
22%
22%
22%
22%
*22%
22%
22%
22%
11%
.
.
•
.
11%
720
11%.
;
,
580
22%
11%
10%
22%
22%
22%'
10%.
100
2,200
800
Preferred —;
-
Deo
1
Mar 27
9>A Apr'
53% Nov
1
7
1%
Jan
7%
Nov
7
16% Nov
23% May
7
15
Mar 31
33
38
Ve
Deo
Aug
11% May
7
7% NOV
44 Jun
18
37% Feb
9% Apr
6
4% Nov
31% May 29
5% Apr
106
28% Nov
6
3% Nov
82
May 24
Apr
Apr
Apr
Apr
125% Apr
27
110
115
Jun
24
-77*
14% Apr
5
92
23% Jun
Apr
6%
66
May 26
.3% Mar 12
•
,
07%
Deo
-
8%
Aug
80
7
23% Jun
7% May 13
113% May 10
11
v
1%
110
Jan
3%
18
6
15%
104
22
7
35
Sep
14%
3%
45% May 3
101% May 17
27%
Oct
Jan
18%
Oct
100% Nov
Apr
89
Deo
NOT
19
Apr
5%
Ocl
Jan
32% peo
Jun
93
May 17
26% May 22
Apr
9%
Apr
Oct
36% Jan
88
Feb
9% May 11
%
Apr
2%
17 Va May 13
23A
Jun
8% Nov
7% May 12
,
1%
Jun
2%
Jan
8%
4Ve
Jun
13%
Sep
Deo
21% Jun
2
13% May
3
6
8
22
Apr
5
12
Aug
17% Jan
41
May
1
33
Apr
39%
6
54
May 27
47
July
Jun
18
4
7
4
2
2
2
6
2
13% Feb
1
Deo
20
May
83'/a Jun
25
15 Va Apr
6
103'A Apr1
3
02
5
32
8% Jun 25
2
Jun
2% Feb
25
43% Jan
9
10% Aug
May
99
Oct
Ve
34
Apg
Apr
3
Jun
Mar
4
28
Jun
18
120
Deo
74% Jun
7
67%
May. 19
107%
114
Mar
Apr
Jun
39% NOV
125
9
21
50 Va Feb 16
48 Va Mar 30
32% Apr
25% Apr
47
.
39
150
112
Mar 31
Jan
7
55%
470
22%
May" 18
27% Jun
111
Apr
149
v
118% Oct
10%.May
May:
Deo
Jan
4%, Sep
5% Sep
5
Sep
108
18 %
13% May,
'
•.
24% May-* 5
May
% July...
8% Apr
8% Apr
I
;
•
X24% May 20
% Apr
;
1
12% May 1?
2
12% Apr
Feb
17% Not
107% Deo
.-
86
J
Not
63% Jan
470
Feb
11% Mar
10
13
Not
92
~
Jan
97% Apr
Jan
Jan
36% Jan
'
.108% Mar" 31
'"18% Apr
6
143A Mar 15
Jan
50
44
; 56% Mar
p
Deo
f 84% Mar
\ May;
139
8
Jun
65 Va Mar
Mar
102
77% May
91 Va Jun
Deo
72
112% Not
31% D00
;■
22
May
95% May
37% Mar 29
105% Jun,
Jan
70% Deo
Jan
Jan
39
130
—r—7
103% Jan 12
Jun
6
,
Jan
Not
11%
4
52
Jan
52
,11 Ve
10
3% May
May 13
Jan
4
62% Jari 11
7% Not
Jan
32% Apr
2
Jan 30
Jan
7
Jan
2
Jan
4
J6% Jan 11
Jan
8%
15% Apr 30
142
88
■ *._
Jun
108.
Jan
3% Nov
'
Jan
19% Apr
Deo
Jan
2% Nov
Jun
27:
8
Deo
23%
Mar
2% Apr
82.
July
Deo
75%
Apr
8
17,% Jan
-
Deo
Jan
1% May
107% Mar 15
5
18% Jun
41
29%
07%
120%
-
Feb
16
7
Deo
Deo
42% Deo
:
Jan
preferred
100
108
Jan
Colo Fuel St Iron Corp
Nq par , .-14% Jan
Colorado & Southern
——100
2V4 Jan
4* let preferred
*-100
3% Jan
42> 2d preferred——100
3
Jan
Columb Br'd Sye Inc cl A
.2.50 >15% Jan
Class B
2.80
15% Jan
conv
22%
Apr
Va Mar
19% Apr
Jan 23
6
2
33'A Jan 12
—NO par
'
5 <>h
Deo
84
Nq par
—100
1
' Colllnv &t Aikman
'.
;
18
Jan
17
50
Feb
38% Jan
No par
CoCft-Col%Jnt6rn Corp—*—No p^r "
Colgate-PalmoHve-Peet—±-Nq par
t$4.25 preferred
No par
-
60
2,700
113
.
3,000.
Nov
95
Jan
1% Mar
Feb 10
Jan 13
Jan 13
Mar 17
Feb 2
109% Jan 4
28% Jan 22
10-1 Vt Jan
7
"
Cope-Cola Co (The)—
No par
v
(Class A—1—^
———Nb par >-
,
26%; - 27
.
'
400
570
;:.20%
107%
•26%
17%
12%
No par
Cluett Peabody & Co;
—
•
20%
107 Vs 107 Ve
20%
*107
26%
113
Clitnax Molybdenum...
3,800
146%.
108%
.
*820
20%
107
35%
35%
*144%
108
10%
Deo
10
6
23%
24%
67%
10JA
96%
27
2%
33
123
67
«
fClev & Pitts RR Co 7% gtd—50
Special gtd 4% stock
50
5,600:
,
25
5
>
—
42
'
108
64
60
21'/a July
37/e Jan
2 Va
1
1% Jan
No par
Co
—
-
Nov
69 Va
11% Jan 12
13% Jan
4
10
Oil
"
35%'
146%
.
41%
,
par
No par
O. C. C. & St. Louis Ry. Co
100
5% preerred
-100
Clev El Ilium $4.50 pfd_No par
Clev Graph Bronte Co (the)——.1
5% preferred.
*
1-100
75
35%
105%
26,000
140
%1
75
114
Cotton
Chrysler. Corp
City Ice & Fuel
6%% preferred
City Investing Co
City Stores—"—
Clark Equipment
900
.
Feb
65% Apr
48Vs Jan
Chile Copper Co
14,300
83%
14
\22%
22
Childs
9,200
30
141/4
*10%
221%
23
2%
2%
81%
11%
*10
22%
page 2423.
40%
16%
.
see
*52%
26%
•
For footnotes
91
20%
107 Ve
16%
10%
11 Va
22%
14%
100
; tPr pf ($2.50) cum div
Chicago Yellow Cab
80%
*820
20%
16%
10%
*10
105%
64
107%
106%
26'/a
*35
35%
*144% 146%
*820
*106%,
260
'
108%
64
106"%
*71
*113%
41%
35%
%
20% ,20%
20%
200
53%
*27
Feb
19%
.44
Apr
15 Va Jan
37
Jan
No par
1,300
40%
*14%
140
Co.
18%
30
Oct
6%
1%
2
7
6
4
4
—50
50
—5
-
Order
40%
'
*820
*820
60
7'/a
*37Va
*130
92
40%
108Va
*63
*91
*51%
■
.
35%
110
*105%
-
42 «/a
35%
43
35%
42 Va
75
113%
*34
.„
105%
92
140
113
1
105%
*91
7%
38
*37%
140
*130
75
*125
37%
*37%
37%
*37%
48%
preferred
18%
,
24%
Sep
4
2% Jan
-7% Jan
2% Jan
10% Jan
6
Jan
par
^40
Mall
Jan
4%
56
5
No
Co.
*52%
2V4
2'/4
*27
14 Va
*101
11%
?'/4
78%
RR
Chicago Great West RR Co
40%
52%
30
141/4
East 111
&
Sep
18
Apr
7% Jun
95 Vs Jan
Class, A
,
3,100
:
*27
79
78Vi
♦14'/a
20%
2%
Chic
3,700
40
4
2
Jan
32 Va Jan
No par
No par
17%
*27
Preferred series A_
3,900
r
5%
3
Jun
29 Va Apr
99% Jan 8
8% Jan 13
33% Jan 2
No
*13%
*16%
12,600
53%
*40
Feb
Jan 13
Jan 23
Feb 9
1-100
5
25
-
Chicago Pneumat Tool
$3 conv preferred—
52%
3%
4
7
—100
preferred
Cab MfgChesapeake &.Ohio Ry
Checker
18%
18%
39%
52%
Oct
Jan
17% Jan 12
18
Jan
5
No par
18%
18%
39%
*13
-
—100
-
5%
18
~9%
2%
25% May 20
Mar 19
Chicago
53 Va
Jan
4
Jan 14
3,600
39%
18
6%
7
r
5 % Apr
17% Jun
3
4,300
*52
7
15% Jun
83 % Apr
98
19 V4
*39 V*
May
20% Deo
25% Jun
x33
13%
18%
Nov
14%
108% Jun
Jan
Jan
Jan
Jan
Jan
100
18%
52%
26%
7
May
42% May
^—1
12%
40'A
5
15% Mar
15
1.9 y4
18 Va
Oct
,Apr
31% Jun
Sep
30
12%
51%
25
35
10% May
19% May
5
12%
19
5
40% Jun 25
No par
500
14
5%
6
J
7%
7%
13%
14
5%
11%
29% Apr
6% May
No par
6%
600
7% Oct
18% Mar 31
49% Jun
Cham P.ap & Fib Co_
110;
'
5% Sep
1
Dec
40% Jan 21
20% Jan 7
95% Jan 26
119
Jan " 4
96 Vs Feb
1
8'A Jan
2
76% Jan 2
16% Jan 12
1% Jan., 2
97% Jan 4
3
Jan 12
13, Jan
2
3
Jan 7
Products
9% prior preferred
400
21%
3%
85% Deo
78
Chain Belt Co-
23%"
*23
22%
*39%
18%
40
53%
.
104
104
15
18 Va
*39'A
*17
104
22%
101
12
*11%
*91%
♦
22%
21%
21%
21%
104
19 Va
18%
12 Va
*18%
6
21%
104
Apr
130
100
Cerro de Pasco Copper
6%
18
10% Apr
.
2%
23
-
38%
56%
47% Jun
May 10
Century Ribbon Mills—-—No par
"
18%
*17%
9% May 10
116% May 10
Jun
Sugar Co——
6%
6%
112% Jan
141
Foundry Co
1
Central, 111 Lt ; 4%,% preferred—100
38%
38
7
-
106%
*6
Xl03% Mar
123
tCent RR of New Jersey
21%
15%
*106
Mar 25
v
127% Jan 21
No par
21%
3'/4,
Oct
8% Jan
Jan
5
Central
5%
3V»
21%
55%
Celotex
70
Jan
14%
Dec
:_100
100
—100
No par
100
.
21%
38%
56
prior preferred
7% 2d preferred
6,200
35
Deo
114
-
6
6
No par
-
7%
270;
"
91
20%
110
150
.
13%
90%
15%
10
89
Corp-of Amer
No par
prior preferred
100
3%
6%
55%
57
55%
13%
106%
18% Jun
28% July
9% Apr
14
>10% May
1% Jan
10% Kfov
7
5
Jun
38%
series
6%
21%
38%
6 V2
6%
115
13
3
*108
111
*108
38
6%
190
1241/4"
90%
*5%
6V4
Celanese
114
115
114%
18% Jun
■42
8
-
Caterpillar Tractor—
6,400"
13%
201/4
1061/2
3,400
40%'
91
106%
20%
37%
21%
49Va
*123
2
Apr
*
1041/4'
39 Va
38%
114
3
15
21%
*108
13
*89
39%
14%
*3Ve
♦106
90%
21%
3%
3 Va
114
13
*89
91
*89
112
112
13
12%
13V4
90%
113
112
112 >/4
♦111
38%
Jan
Jan
% Jan
1*
X96
Co
Preferred
39%
48%
104
1231/4
*103%
124
1
—1
100
Co.:
104 V*
49
48%
39
104
1% Mar
4
tCarolina Clinch & Ohio Ry
'
1,800
140%
39
43
27
Jun
Carriers <fc General Corp
144
104
35% Nov
100
700
$3 preferred A
•
*48
20
30
46
par
—1
110
«
,
Nov"
Nov
43% Feb 95
Jan
Jan
Jan
Sep
36'A Jan 21
4% Jan
2
40
Jan 25
x85
Jan
7
25 % Jan 8
3Vn Jan
8
77Va Jan 11
No
-—-10
29
4%
25
Mills——
95
29
100
Capital Admin class A
20
H8V4
117
*1411/4
Cannon
700
81/2
44
*94%
4%
tCanada Southern Ry Co_
Canadian Pacific Ry—
12,300
45%'
8%
29
120
9%
9%
2
6%
15%
13%
29 Va
6%
Oct
31% Nov
44 % May 21
1
22% Jan 7
52% Jun 24
% Jan
2
50
1
5
No par
Canada Dry Ginger Ale—JL——5
5,300
36
44
94%
*28%
m
118
142
*140'/4
142
•140%
94%
*28V4
4%
117
119
119
119
8%
451/2
29
x4%
4%
4%
119
*140%
*8'/4
*441/4
94%
♦28V4
*44
8%
45%
*44V4
45%
94%
29
94%
.
44
*8
8%
*44 V4
*28
44
43%
8%
*44 V«
9%
9%
21%
18 Mar
Jan
Jan
Jan
Jan
Jan
105% Apr 20.
9 'A Jan
4
Campbell W & C Fdy
*30%
5
7
13
6%
,14%
19%
24%
20'A
par
Calumet & Hecla Cons Cop
17'/a
9%
20%
Jan
20%
2%
9%
72
16
Zinc-Lead—.
3Va
22
12% Apr
,
28% Dec
8
30% Jun
No
Participating preferred
Byron Jackson Co-
;
27% Jun
.——30
—5
No par
.-100
No par
(A M)
Deo
Jun
4
10
preferredCopper <fc Zinc
Byers Co
22%
36
Jan 16
33
7,
37% Jan
i
.
conv
Butte
22%
3
5% Jan
Butler Bros
7,700
43
May
25
4
.ft
1
9%
11%
22% Dec
Jun
6% Apr
10
120
22%
36,
Jan
9
par
•
75
16%
35
5
27% May 29
2
9
41
Jan
21% Jan
7%
9%
Jan
-100
preferred__100
17%
*31
Jan
17%
preferred
7%
0%
40%
25
6%
,
Bush Term Bldg 7%
16%
20 V*
25
2% Jan
;
7%
33 va
Feb
50% Jun
28,% Jun
20% Jan
.<
—1
100
No par
;
.
17%
9%
95%
28% Jan 16
20
Jan
7
rJVo par
7%
20%
20
8
2% Jan
1
*17%
33 v*
'Mar
95
1
1,000
77%
1%
25
Terminal
5,500
76
Va
6
"
Bush
20
-
4%'
76
1
Jan
56% May
2
17
No par
preferred
17%
76
*52%
1%
Dec
21 Va
1,500
5%
.
20
22%
27%
*52%
1V4
Jan
75
21% Mar 30
July
13% May
Burroughs Add Mach
25%,
4%
17
16%
12
Burlington Mills Corp
79%
*75%
22%
53
16%
Jan
Apr
26% Jan 13,
Co_.
Watch."
17%
4%
*4
4%
16%
Jan
14%
7,400
10
*25 Va
Bulova
%,
59
9%
28
1%
1V4
*1%
9%
16%
*75
76
9%
4
16
16%
9%
25
3%
4
4
16
16%
16%
9
Jan
Jun
4,000
"
39
*36
10
25,
108
58%
62
Co
300 "
5%
108%
Forge
1.200
14%
30
30
*108
Buffalo
Bullard
331/4/
14%
5%
Feb
No
—
1,100
,
30 %
Wheel
Budd
2,900
.
22%
30%
<
650
9V4,
108%
5%
97
76
Bucyrus-Erie Co
5
7% preferred___________«
-*100
Budd (E G) Mfg
No par
; t7%
preferred
100
8,800
I8V4.-
*32%
Bruns-Balke-Collender—_
'
8 %,
30%
14%
9
Deo
7%
No par
No par
.
Brown Shoe Co—;——*,
4,300
107'%
22
21%
32%
33%
30%
Jan
29
19%
No par
—5
No par
No par
No par
200
9%
18%
21%
22
•
Brooklyn & Queens Tr__
Bklyn-Manh Transit
Brooklyn Union Gas_
2,500
.;
18%
9%
*9
18
106
108%
*107
9
17%
17%
17%
8 'A
8%
8%
8%
107
'
*107
8
J4anufacturh)g—»J—No par
Brigga & Stratton
Co——
2,500
,
r
18
18
107
18
*17%
•
16%
41
7%
8
108%
87/B
9%
ito/
16%
Highest
$ per share
Apr
Apr
•—5
—15
No par
Bristol-Myers
1,400%
3,300
,
•
41
8%
18
1
1
1%
}
A
"
16%
112%
\
300
^
,
44
16%
9%
18
*%
42
113%
*9%
43%
."ft
*41
8%
7%
43%
*%
16%
18
17%
*107
42 J:
43%
nT
41%
*112%
8'/a
21
;■—5
Bower Roller Bearing
4,000*
43%
1942
Sep
5
L100
10%
16%
9%
108
Jun
I
29%
41'A
113%
8
19
—,
10%
*41
42%
'
1
*1
9%
;
26
—_15
Corp
29%
16
*112%
108
9% Jan
(The)
10%
*41
42
17%
*%
%
16'A
16
*41
Co
29%
*
1
25
Ihc
Stores
10%
30
16%
Feb
.
100
Co,
Brewing Corp. of America
Bridgeport Brass Co
10%
29%
*41
17
Brass
Boston & Maine RR
'
10
29%
%
5
par
it
X28 %
10%
I'e
4%
28%
29%
.
13% Jan
No par
Co class A
Borg-W.arner
1
600
*27%
10
*
17
Class1
Borden
8,400
100
29%
14%
11% Jun
—1
Aluminum
Amt
Bond
4,000
.
,
4%
35 %:
10%
40%
36
4%
*34%
30
*41%
27%'
35%
35%
10%
...
27%
*34
30
:
27%
35'A
*34
35%
*34
35
35
"
20'
4,200
35%
-
6
4
2
'
4%
4%
Bon
40
94
•"
26%
26%
18%
No par
Bohn
52%
52%
W 19% Mar
5
5
1,200
52%
94
♦49%
340
52%'
17,
52%
38% May
Jan
16
par
Bliss & Laughlin Inc
>
16%
52%
rreviODH
t per share
6% Jan
No
8,300 v
98
17
$ per share
8
lur
Year
Lowest
fi
Mfg Co
Co—
Bloomlngdale Brothers
Blumenthal & Co preferred
Boeing Airplane Co__
17%
53
53
Decker
500
•
16%
52%
Black &
Blaw-Knox
17%
*94
27% Jari
No par
No par
use
-
'
17
16%
17%
18 %
18%
18%
I per share
■
35%'
34
18
Range Since January 1
Lowest
%
Highest
Par
34
18%
V
EXCHANGE
Shares
•
34
,
iv.»
&TOCK v
NEW YORK
the Week
34
is y4
STOCKS
,
Friday
Thursday
Wednesday
June 22
June 21
June 19
AND
Tuesday
j
,
'
16% Deo
16% Deo
THE COMMERCIAL & FINANCIAL CHRONICLE
2416
Monday, June 28, 1943
NEW YORK STOCK RECORD
Monday
June Id
Tuesday
June 23
June 21
t per share
4%
93
*67 %
65
4%
4%
4%
67%
67%
63%
68 %
68%
62
62
62
*92%
94
92
92
17%
17%
4
4%
*37
38%
38
40%
*37
40%
.39%
40
39%
*105%
106
*105%
107
*105%
18%
18%
*37%
39
39%
*37%
40%
40
*105%
39
*105%
103
41
U
%
a
%
61%
23%
!
23%
23%
41
40%
110%
111
1,200
Columbian
5,000
Columbia
$2.75
4,700
41%
8,166
%
62
62
62%
61%
62
62
62%
23%
23%
23%
23%
23%
23%
23%
12,700
700
10%
10%
10%
10%
*9%
10%
10%
10%
10%
10%
*9%
10
23%
22%
22%
22%
22%
22%
22%
22%
22%
22%
23%
1,900
23 %
23%
23%
23%
22%
23
23%
23%
23%
23%
24
24%
3,100
108%
110
109%
109%
109
109
109
109
109
109
*105
105%
105
105
104%
104%
105%
106
105
105
108%
106
*105
Jun
7
Jan
Jun
21
29
Sep
Sep
Sep
54
65
45%
Jan
No
par
79% Jan
13
94
Jun' 24
51
Mar
84%
Deo
par
5% Jan
11%
Jan
7
No par
30% Jan
11
10
25'% Jan
14
100
104 % Jan
19
15
Credit
preferred
9
No par
29% Jan
No par
107% Jan
5
No par
$6 preferred series
Commonwealth
9'% Jan
2
Edison
Co
Jan
2
36%2Jan
25
2
30%
2% Nov
18% Jun
10
39% Jun
l
24
Jan1
35
Oct
44
7
16%
Jan
29%
Dec
.106% Mar 31
91%
Apr
105 %
Nov
20 %
Jan
;
Jun
44'% Jun
111
1
34
Dec
Mar 25
100% Mar
109%
15y4May 4
1% May 10
7 % May
10%
63% Jun
17
a#»
Oct
Dec
Oct
Jun
%
Jan
21% July
44%
Jan
21 % Jan
2
25
Feb
1
17%
Apr
23%
Jan
No par
2% Jan
13
11
Jun
12
1%
Jun
3%
Jan
No par
17 % Jan
7
25
Jun
5
12%
Apr
18%
Dec
No par
10% Jan
2
24% Jun
25
9% Aug
12%
Dec
100
89
Jan
5
109V2 Jun
21
74 V*
Aug
89
Feb
100
Congoleum-Nairn Inc
Consolidated Cigar—
90
Jan
6
106
16
83
Apr
97%
Feb
4
Sep
7%
preferred.,
6%% prior preferred
80
n"
No par
Conde Nast Pub Inc
240
*108%
72
2
Commonwealth & Southern__.No par
5,400
23%
2
Jan
t$4.25 conv pf ser *35
48,600
%
1
40'% Jan
Commercial Solvents
7,700
2
nighest
$ per share
37
Comm'l Invest Trust
20
13%
13%
5% Jun
2
1942
$ per share
100
preferred
conv
$ per share
100
Co
Pictures
Commercial
1% Jan
Year
Lowest
——No
Carbon
conv
$ per share
No par
Elec
preferred series A
preferred
4%%
111
"110%
13%
\L
5%
106
41%
41%
6%
50
200
40%
"105%
111
13%
.
39
39%
106
41%
63%
62
/'•
18%
*110%
13%
%
23%
18%
41%
*110%
13%
63II
23%
18%
110%
13%
40%
41
111
63
94
13%
40%
*110%
%
94
40
Columbia Gas Sc
1,100
:
94
Range Since January 1
Lowest
Highest
Par
22,400
70
65
94
13%
41
111
13%
*37%
106
64%
Range for Previous
STOCK
EXCHANGE
Shares
4%
70
*62%
69
13%
40%
*110%
13%
18%
40%
17%
■
4%
4%
4%
68
*62%
93%
*92
18%
38%
17%
,
YORK
NEW
Sales for
the Week
$ per share
$ per share
share
68%
38%
17%
$ per
share
Friday
June 25
June 24
65
4%
68
65
*92
$ per
$ per share
4%
68
*63
!
Thursday
Wednesday
June 22
Saturday
STOCKS
PRICES
SALE
AND HIGH
LOW
Jun
■"
99
4%
3
/
4%
5
4%
4%
20 %
19%
20%
19%
20
99
4% '4.
;: 20
99
99%
99%
99%
4%
16%
19%
100
2%
16%
2%
2%
*16%
3
3
3
16%
16%
*16%
16%
3%
3%
3%
3%
17%
17%
16%
17%
16%
*23%
23%
23%
23%
*23%
4
5
5
4%
5
5%
9,100
19%
20%
21,200
99%
100%
7,000
'
4
4
20
19%
100
99%
*3
3
16%
4%
16%
16%
17
23%
23%
23%
16%
20%
100
"
3%
3
3%
2,100
17%
1,600
4%
16%
16%
Consol Coppermines Corp
5
4% Jan
2
par
15% Jan
5
$5 preferred
Consol Film Industries
No par
91%, Jan
5
1
% Jan
11
3% May 12
No par
5
7% Jan
11
19 V4 May 12
2% Feb
10
Consol Edison of
Y
N
No
4%
4%
4%
8,400
$2 partic preferredConsol Laundries Corp
16%
16%
16%
17
8,200
Consolidated
3,600
23%
23%
10%
10%
11
11
10%
11
10%
10%
10%
10%
1,200
Consol
13%
14
14
13%
13%
13%
13%
13
13%
13
13%
4,000
Consolidation Coal Co
*23%
23%
35%
35%
35%
35
35
33%
35
34
34
*99
99%
*22%
:■
5%
35%
6%
pfd
99%
99%
99%
99%
99%
99%
100%
100%
100%
22%
22%
22%
22%
22%
22%
22%
22%
1,100
Container
10
10
10%
10
10%
10%
10%
7,100
110
*108
110
34%
110
■
34%
34%
110
111
35
35
*1.09
35
*109
300
110
100
35
8 %
36
3,900
Continental
Can
14%
14
14%
14
14%
14
14-
14%
14%
143/4
15 3/8
7,300
Continental
Diamond Fibre
47%
47%
47%
47%
47%
47%
48'A
48%
48
48 y4
1,900
Continental
Insurance
6%
6%
6%
6%
6%
6%
6%
6%
6%
6%
13,800
Continental
Motors
33%
33%
33%
34
33%
34%
5,800
Continental
26%
26%
25%
26
*25%
V- 6%:
33%
35
25%
26%
26%
13
13%
49%
49%
44
44%
44%
44%
55%
55%
55%
55%
56%
179%
179%
179%
*178%
13
50
50
*44%
44%
44%
44%
55%
557/8
54%
179%
179
34%
13
13
50
179
34
50
13
13
*49%
13
34
*49%
5%
5
5
5
2%
2%
2%
2%
2%
20%
20%
105%
20
20%
26%
26%
26%
800
13 3/8
13%
135/a
3,700
495/a
493/4
320
44
443/4
*44%
45
380
56
56 %
56
180
179%
5%
5%
5%
*2%
2%
2%
20%
20%
56 5/a
180
5%
2%
105
20%
105%
105%
105%
22
21%
21%
21%
21%
21%
21%
*20
21
20
20%
19
19%
20
20%
*28%
29%
28%
28%
*44
45
44
44
106
35
49%
13
*49%
180
*21%
106
34%
2%
5
2%
20%
35
*5%
5%
105%
180
*26
6%
20%
2,500
21%
11,600
105% 105%
105%
2,100
2%
Copperweld
20 3/4
Steel
Products
Crane
5 %
203/4.
2,900
4,300
11
"3% July
4%
~8%
9
Nov
22
Jan
39
Nov
24
82
100% Jun
May
96%
6
23% Jun
7
11% July
16%
7
11% Jun
2
2% Apr
5
Jan
110
Jun
Jan
Jan
7
15
77
Jan
Oct
5
103%
Jan
28%
Apr
Dec
Dec
4
21%
Apr
25
5%
Sep
8%
8
30%
Ap"
"2%
Deo
1
4% Jan
8
2% May
4 Vb
Nov
_5
25% Jan
8
Apv
27 %
Dec
No par
Apr
5
Del
7
Apr
7y4 May
37
6
Mar 30
18% Jan
2
26% Jun
x9% Jan
7
15
Apr
5
50
45
Jan
6
50
Jun
21
20
37
Jan
2
47
Apr
7
25
53% Jan 20
6iy8May21
176
180
Mar
17
Jan
2
1
2% Jan
2
1
U Jan
2
14% Jan
2
22y4Junl0
95
Jan
5
106 % May 29
16 % Jan
4
23'% Mar 12
100
Crosley Corp (The)
29
May
6
7
25
20
Jun
70
15% Jun
preferred
19%
27V4Mar30
12
.16% May 10
49
Co
conv
Oct
—
36% Jun
Inc
Internat Corp
19%
Crown Cork & Seal
700
3
—- —
Jan
Jan
26% Jan
100
22%
9
1% Jan
*■""*
Jan
% Nov
Apr
2
Refining
22%
% Jun
7
7
series
22%
Jan
Nov
94
\
Jan
tPreferred
Coty
Coty
Apr
40% Jan
5
tCorn Exch Bank Trust Co
Corn
7%
16%
Apr
96
20
Co
tConv pref 5%
930
!
of
Oil
24
21% Mar 29
11%
78
$2.50
Continental Steel Corp
240
5%
21%
105%
*22
13,900
Inc.
Jan
16
4% Jun
7
5
25
x4% Jan
100
48
14%
*47 %
89
25
No par
preferred
12
16
Jan
33% Jun 24
No par
Corp of America
23
4% Jan
100
tConsumers Pow $4.50 pfd
14
7
25
Continental Bak Co
9%
10
100
preferred
conv
22%
9%
*108
110%
35
900
Jun
23% Jun
Cuba
of
99%
10%
*108
*35
RR
22%
22%
10%
-•
16
1
Preferred
23%
11%
13%
*11
23%
Vultee Aircraft
6% Apr
20% May
100 y4 Jun
Cream of Wheat Corp
(The)
2
3
6
May 17
2V2 May 22
17
50%
Jan
21%
Nov
Apr
12%
Jan
Mar
51%
23%
Apr
37%
Dec
42%
Apr
68
Dec
Apr
179
8%
45
159
Jan
Oct
3%
Nov
%
Nov
2% May
H Apr
10% Apr
14%
Dec
85
Jun
987/s
Nov
12%
Jan
16%
Dec
5% May
14% May
9%
Dec
20%
Nov
41
Jan
t
28%
*44
28%
28
28%
28%
28%
46
44%
44%
*43%
45%
15
15
14%
14%
14%
14%
94
94%
93%
93%
94%
94%
34
34
33%
33%
33%
34%
34%
*77%
78%
78%
19%
19%
19%
12%
13%
13%
13%
*76%
78%
77
77
*19%
20%
19%
19%
13%
12 %
13%
*24%
5%
*70
34%
8%
*22%
200
15%
15%
15%
15%
15%
1,800
94%
933/4
933/4
93%
93%
330
34%
34%
34%
35
36
79
77%
78%
79
79%
20
*19%
12%
20
20
*195/8
13%
13
5,700
1,500
80
13%
11,400
.
*109
114
*109
114
*109
114
*109
114
*109
114
103
*100%
*104
45%
114
*109
19%
13%
15%
*94
28 5/a
*44
*100
103
100
100
101
101
102
102
*100%
104
300
20
1,700
26
100
105
60
19%
20
26
25%
105
104%
5%
33%
19%
22%
19%
*24%
26
105%
104%
104%
*1043/4
105
5%
5%
5%
6%
5%
5%
25
*24%
26
70%
70%
70
70%
70%
34%
33%
33%
33%
33%
*33%
*25
fi
*1043/4
5% /
6%
26,900
70 3/4
72
72
34
33%
34%
1,600
100
8%
8%
8%
8%
8%
8%
22,900
22%
22 %
22 V*
22%
22%
22%
22%
2,100
*99
109
*99
109
*99
109
*99
109
*99
109
*99
109
*86
100
*86
100
*86
100
*86
100
*86
100
*86
100
24%
23%
23
23%
7%
*6%
7
23'%
No par
24%
24%
25%
25%
25%
12,400
1?
*6%
6%
*6%
6%
6%
6%
100
18% Jan
12
22% May
30% Jun
37% Jan
6
44% Jun
16
11% Jan
4
16
Jun
3
10
Apr
12%
81'% Jan
2
95
Jun
8
77
May
88%
Jan
37%
Apr
6
23% May
39%
Noy
6
63
84
Nov
Crowpt Zellerbach Corp
r
5
t$5' conv preferred
Crucible Steel of
5%
No par
7
Amer
preferred
conv
Cuba RR 6%
2
Press
7
Apr
21% Jun
11
8%
Jun
7% Jan
105
Feb
9
14'% Jun
11
5
Jun
9
Jan
Jun
9
88
Jun
140
Jun
106 % Jun
10
74%
Jan
95%
8% May
13%
30
1
92% Mar 20
10% Jan
Preferred
No
preferred
Curtiss-Wright
100
Jan
2
Oct
2
May 21
7% May 10
8iy2Mayl0
Feb
13% May
32%
Nov
2
37
May 10
9 % Apr
8
12
Jun
20%
Oct
5% May
9%
Jan
2
24% Mar 29
18
Jun
25%
Jan
Feb 26
84
Feb 10
15% Jan
4
100
Feb 10
87
Mar 31
25% Jun 25
80
Jan
95
Oct
44
Jan
81
Nov
18
Oct
2
30y2 Jan
17
Jan
6% Jan
2
22
96
No par
No par
Jan
Mar
100
pfd
Deo
13
1
Cutler-Hammer Inc
Jan
90
1% Jan
1
A
13%
7
8
8
par
/ Jun
10
Jan
Jan
No par
112
,
26% Jun
18
100
Nq par
82
20y2 Jun
4
5
100
Inc__
preferred
Class
7
9% Jan
100
Curtis Pub Co (The)
Prior
Jan 11
Sep
71% Jan
100
*
Cudahy Packing Co
4%%
32
,
100
preferred
conv
/
Mar
32
100
Sugar
preferred
Cuneo
7
100
preferred
Cuban-American
6%%
No par
$8 prefened
24%
15
No par
preferred
conv
Cushman's Sons Inc 1%
24%
Jan
9
-
$2.25
t7%
8%
8
22%
22%
20
6
*24%
8%
8
8%
23
19%
72
*70
72
19%
19%
*104%
25%
105
5%
34%
19%
19%
No par
Jan
105
J3
12% Jun
19%
Sep
Dec
D
*6%
*6%
*18%
20
♦18%
.16%
15%
16
15%
16
*113%
115%
*113%
*18
20
16%
*18%
20
115%
*113%
20
*18
20
*18
20
16%
115%
16%
16%
16%
17%
17%
*113%
115%
*113%
115%
*113%
115%
*17%
16%
16
16%
16%
16%
16%
38%
38%
37%
38%
38
38%
37%
38%
37%
39%
*34%
34%
34%
34%
34%
35
35
35
35
35
*35%
19
19
18%
18%
*18%
19%
19%
19%
19%
20
*19
*14%
15
*16
17
*16
16%
17%
39
3,800
900
39%
9,600
36
1,300
20%
700
Davega Stores Corp
Conv 5%
preferred
Davison Chemical Corp
Decca Records Inc
Deere
Delsel-Wemmer-Gllbert
14%
14%
14%
14%
14%
15
14%
14%
14%
15%
3,300
Delaware
&
7%
8%
7%
8%
8%
9
8%
8%
8%
8%
15,400
Delaware
Lack &
1%
1%
1%
1%
1%
1%
2
2
*1%
19%
19%
19%
19%
19%
56
*40
56
*40
*40
29%
29%
28%
29%
*30%
31%
*30%
31%
38%
38%
38%
14%
14%
13%
29
29
*90
*13%
14%
*13%
30%
♦31%
31%
31
31%
*31%
38%
*38'/a
39
14%
13%
13%
28%
28'A
28%
92
92
28%
*91 %
92%
14
148%
*145%
31%
30%
8%
No
800
42%
42%
1,500
293/4
30%
2,800
20%
193/4
20 y4
20
20 3/a
19%
20%
20
20 %
6,700
Dome Mines Ltd
66 %
66
66
66/2
66 3/4
66%
66%
67
68 y4
1,700
Douglas Aircraft
148
147%
31%
147%
31 %
32
*73/4
8
147
147
1453/a
8
32
32%
1473/4
31%
313/4
8%
8%
12%
*11%
12%
122%
152%
*115'%
122%
129
128 3/a
*128%
129%
122
*120 y4
121
120%
120 y4
*120
36%
37
37%
37%
.38
152
147
153
*12
*115%
1533/4
128%
12%
122%
154
14%
12%
115
13
115%
32
83/a
*12%
*1143/4
Class
Jan
11%
Oct
2% May
4%
Jan
1%
Sep
18%
Jan
7
5
16% Jan
12
19% Jun
24
14%
l
48% Apr
Oct
37
7
Jun
30
24
37
31
14
Jan
21
Jan
6
33% Mar
8
18
Apr
27%
Jan
40 y2 May 13
83%
Apr
39% Aug
par
40
Mar
17% Jan
26
Jan
37
Jan
6
8% Jan
20
par
21% Jan
83% Jan
8
13
10% May 10
3% Mar
1
17
May 10
31
Apr
5
90% Apr
1
3l«
Jan
Apr
22%
Dec
87
Nov
Jan
10
2
14% Jun
2
7% July
par
38 % Feb 18
22% Feb 20
42% Jun
1
,32% May
15% Jan 20
23% Apr
8
No par
Casting Co
56
73% May
4
May 28
95
No par
Jan
Jan
5
33
May 20
9%
Dec
26
Dec
8
Apr
16%
Dec
51
May
70%' Oct
800
Dow Chemical Co
No par
Apr
134%
3,600
Dresser
No par
130% Jan
16
Jan
12
33
8
35% Jun
13% Mar
16%
1,700
Dunhlll
l
5 % Jan
5
9 Vb Jun
2% Apr
13
300
117
20
158
1,900
Mfg Co
International
Duplan Corp
Q% preferred
_No
9
Jan
4
100
115
Jun
24
134
8
112
13% Apr
116% Mar
Jan
Feb
Dec
Dec
Oct
7
10%
120
Nov
July
Jan
5
158
Jun
102% May
144
Jan
8
13
129
Apr 26
Jun
5
120
127
Nov
1st pfd-—100
125% Jan
117% Jan
118%
Dec
Eastern Airlines Inc
1
31% Jan
13
2,200
Eastern
5
3% Jan
2
1,800
Eastman Kodak
No par
100
146 % Jan
20
170
May 19
108
Apr
Jan
18
184
Jun
170
Mar
154
155%
156
128 3/a
128 3/8
*129
121%
*120
121%
30
Duquesne Light 5%
38
38 3/a
2,100
73/4
165%
1291/4
par
153
Dec
29
Apr
16%
148
8S/a
Feb
6%
16% Mar
70
par
No
Oct
8% Aug
No par
Co
A
Doehler Die
Nov
% Jan
100
Cup
14%
42%
293/4
128%
37%
Dixie
14
293/4
13%
2
2
No
42%
Deo
Nov
2
25
Corp-Seagr's Ltd
pref with warrants
14
152%
*37%
5%
42%
♦120%
129
Distil
400
293/4
*115%
120%
1,100
92 %
423%
*ll3/4
153
28%
92
29
7 5/s
120%
28%
14%
663/a
122%
preferred
29%
20%
31%
pfd
Diamond T Motor Car Co
42%
67
12 %.
partic
1,200
14%
20%
153
28%
92%
6%
Dec
30%
8% Jan
20
15
29%
20%
*145%
6%
Match
42
29% ' 30%
*127%
28%
500
10%
27%
25% May
9% Apr
100
Detroit Edison—
14%
42
30 %
*115%
283/4
39%
20% May 19
17% May 5
Jan
3'A Jan
No
39%
2
4% Apr
18% Apr
110
50
Diamond
*91'A
14
IDenv & R G West
9,000
Jan
Jun
Apr
100
Western
3,100
16
500
*14%
Mar
22
1,330
14%
102
35
32
39
8
18% Apr 29
No par
14%
Jun
40% Jun
Devoe & Raynolds A
39
116
5
Detroit Hillsdale & S W RR Co__100
14
Nov
12
30%
39
Oct
12%
11
19%
13%
17%
Aug
Jan
56
*38%
«
Jan
8
Jan
*40
*31%
15%
5
Jan
XI9%
31%
2%
3
Jun
7
29
12
Deo
4
May 24
Mar
19
19
10
19%
30%
9
26
56
31
5
par
10
Hudson
42%
42%
*12
19%
*40
30%
42%
*8
19%
56
29%
30%
*66%
*40
29%
92 %
28%
92%
*91
19%
19%
56
29
2
Jan
1
No
8%
1%
3% Jan
17
12
Jan
2
108% Jan 20
20
Co
&
Preferred
8%
2
5
25
(The)—1
Dayton Pow & Lt 4%% pfd
100
400
Du P do Nem
$4.50
(E I)
& Co
preferred
20
No
par
121
Apr
111% Mar
E
37%
37
°
165
*181%
*40%
7
7%
165
■*7%
163
164%
163
164%
165
165
184
181.
181%
180%
180%
180%
180%
41%
41%
41%
7%'
*7%
7%
41
41
41%
*41
7%
7%
38
7%
7%
164%
165%
*178
41%
180
7%
165
*178
41%
41%
*16%
180
60
42
6%
Rolling
cum
Mills
(N J)__
preferred
178
40% May 6
8% May 28
8
16%
Apr
2%
Jan
Deo
34
4% Nov
151%
Dec
180
Nov
36%
Dec
17%
19
16%
*16%
16%
16%
16%
Eaton Manufacturing Co
Edison Bros Stores Inc
Jan
16%
35
16%
*16%
4
16%
2
Oct
15
Jan
38
37%
37%
37%
38
37%
38
38
38
3,800
Electric
Auto-Lite
Jan
30%
Dec
11%
11%
11%
11%
30% Jan
4
11%
5
20%
11%
18% May 10
7
38% Jun
11
37%
8
37%
11% Feb
37%
11%
11%
11%
12%
3,500
Electric
Boat
3
10% Jan
2
14
Mar 30
0%
Dec
13%
Jan
1% Jan
4
5% May 10
1%
Nov
1%
31%
28%
Jan
5
6% May 20
33%
11%
*3%
11%
:<
3%
3%
4
5
61%
60
•54
55
54
54
*39%
29%
40
39%
39%
*54%
29%
60
•29
6%
6%
76%
76%
*116
76%
6%
77
*83
41
79
79
84
84
41
For footnotes see
%
page
4V4
3%
4%
4%
4%
1,000
Elec & Mus Ind Am shares
5
5%
5%
5%
6,400
61
60
60%
60%
62%
Electric Power & Light
$7 preferred—
55%
55
55
*55
56
56
56
40
40%
40%
40%
40%
40%
40 5/8
6%
*83%
2423.
r-
29%
54%
*52%
*114%
6%
6%
77%
*79%
n
'=■5
116%
53%
♦116
77
80
84%
*78%
*3%
60%
5%
29%
54%
116%
6%
4
(The)
60
5
60
30
54%
55
116%
♦116
3%
600
54%
5%
5%
*60%
5
1,400
17%
%
80%
29%
*77
79%
•83
84
%
*12
5%
29%
40%
29%
29%
1,700
700
1,500
*29%
30
700
*53%
55
'*52%
54
400
*114%
54%
116
116
*1143/4
116
6%
6%
77%
*76%
77%
80%
79%
84%
79%
84%
84%
»
*if
41
6%
6%
6%
*76%
77%
170
79%
79%
240
843/4
843/4
30
\i
900
6,400
5
,
U
$6 preferred
Elec Storage Battery
El Paso Natural Gas
Endlcott Johnson Corp
5% preferred
Engineers Public Service
t$5 preferred
t$5% preferredt$8 preferred
Equitable Office Bldg
No par
No par
No par
No par
3
50
100
1
42
Jun
25
26
May
A Feb
% Jan
17 Va
32% Jan
34% Nov
20
65
Jan
20
59% May 27
15
Apr
Jan
2
2
29
Jan
23% Jan
7
19 V4
5
49% Jan
109% Jan 11
2% Jan
May 27
Jun
8
55% Jun
3
39%
Apr
Apr
116% Apr 20
107%
Feb
31
7% May 10
1% Apr
No par
54
Jan
78
Apr 21
40
No par
57% Jan
82
Apr 22
46
No par
No par
62% Jan
% Jan
87
<May 12
1% Mar
1
47%
A
Jan
35%
Jan
40% Jun
1% Nov
Apr
Apr
July
Apr
Dee
26%
Feb
49%
D«o
Oct
112
3%
Jan
Jan
66
Jan
73
Jan
83
%
Oct
s
THE COMMERCIAL &
Number 4189
157
Volume
LOW
June 21
June 15)
'
^
'
$ per
13%
13%
13%
13 Ya
13%
12%
13%
12%
13%
13%
48
48%
*48%
49
*48%
48%
78
*75%
78
*75V4
8%
25%
25%
25%
2%
25%
25%
2%
2%" '
13%
50
*75%
78 7.
*75%
8%
12%
Eure\a
4,000
13
Evans
25%
25%
25%
1,100
Ex-Cell-0
2%
2%
2%
2,000
Exchange
Co
share
per
$
8% Jan 9
8
Jan
9
39% Jan 12
3% Jan
4
24
Buffet Corp
$
>
13
% Jan 19
.lan
4%
Jun
3%
Jan
10
Oct
Jun
44
Jan
Dec
70
Dec
70
Mar 26
2% Jun
Highest
$ per share
per share
32%
1%
9% Jun
8
14% Jun
5
29 % Mar 30
2
5% Jan
3
$2.50
Corp
77
68 % Jan 18
5
_
share
per
1912
Lowest
16% May 4
16% May 4
52% May 19
5
Cleaner
Vacuum
Products
2%
2%
$
50
Eriet & Pitts RR Co
2,500
8%
12%
pref series A
5%
25%
26
*2%
8%
:
8%
12%
*8%
lnt
bene!
of
Ctfs
1,300
Year
Range Since January I
Lowest
Highest
No par
No, par
_100
tErle RR common
78
12%
Range for Previous
,
Par
16,700
13%
50 <
'
;
>
EXCHANGE;
3,200
14
13%
49%
78
*25%
2%
2%
2Va
13%
13%
/
STOCK
NEW YORK
Shares
share
49
8%
25%
per
13%
12%
8%
12
11%
'V
14
Sales
the Week
49
*75%
78
8%
12
11%
12
*75%
8%
8%
8%
■■
12
$
share
13%
13% H3%
13%
13%
$ per
$ per share
share
13%
48%
June 24
June 23
for
Friday
June 25
Thursday
Wednesday
,
June 22
$ per share
$ per share
STOCKS
niGH
AND
Tuesday
Monday
•
Saturday
2417
FINANCIAL CHRONICLE
Oct
1%
Nov
'•
.
'<'<;'?<
1■'
v/'
i::': " V
v
:
Dec
28%
»
11 Jan
3
Sep
7 %
Apr
May
Oct
4%
Jan
4 %
20
lOVa
r
\
v':\
37'/a
37%
37%
37%
37%
37%
37%
37%
37%
2,100
25%
26
25%
25%
25%
25%
25%
26'%
26%
2,300
14%
14%
14%
16
1,300
Federal
15
16
15
26
15%
Fajardo Sug Co of Pr Rico
26%
*101
"102
26%
15%
*15%
*24%
16
24%
24%
24%
24%
24%
92%
93
92%
93
93
93
92%
17%''
18
18
18%
49%
49%
49%
49%
49%
49%
49%
50
38%
39%
38%
39%
39%
39 %
40
40%
*108%
110
t4%%
18
50 V;
18
18%
1,400
50%
1,600
Fidel
110
14,400
40"%
40%
200
110
*103
«
38%
*38
38%
38%
500
20%
'
37%
Jan
Jun
29%
Jan
2
6
Jun
8'A
May
5
69%
Sep
93
Jan
13
29% Apr
5
16% Mar 18
19%
Dec
24%
Jan
8
Apr
13 %
Deo
3
Jun
4%
20%
20%
3,500
Dept Stores
preferred
conv
Feb
Corp
6%
National
First
101%
101%
*101%
105
preferred
34%
*34%
35
35
35
*34%
35%
*34%
35%
Florence Stove Co
No par
25%
26
26
*25
28
*25%
26
200
Florsheim Shoe class A
No par
7%
*25%
26%
*25%
26%
25%
*7%
7%
7%
7%
*7%
*43%
44%
44%
*43%
*12%
13%
*12%
13%
*44
46
*45
*16%
♦128%
132%
64
45 7i
16%
17
*129
11%
64
29%
29%
107%
*107%
t5%
Food
17
17%'
2,000
11%
'
90
11%
1,900
30
70
*65
36%
36%
19%
29%
29%
29%
107%
*107%
6%
F'k'n Simon & Co Inc 7%
1,400
1,900
Fruehauf
5%
3%
3%
3%
3%
3%
3%
3%
3%
3%
*3%
3%
3%
•13%
*13%
4
*13
*9% V
5%
5%
5%
5%
5%
9%
*9%
9%
9%
9%
3%
3%
2,300
3%
3%
9,700
Gair
*9%
13%
28%
28%
■5%
5%
29
28%
5%
5%
*9%
9%_
*13%
13%
*13%
•'"
5%
10'A
680
9,100
.<•
*9%
■V.,
10%
100
13%
400
*13%
13%
13%
13%
13%
13%
*13%
13%— < *13%
13%
*13%
51%
51%
*50%
51%
51%
51%
*50
51%
*50%
51%
*50%
51'A
150
*9%
9%
*9%
9%
*9%
9%
9%
9%
9%
9%
1,000
46%
•;
8%
6%
16%
90
142
142
*104.:
*104
106
47
47
9
8%
8%
8%
*139
143%
*139
1,800
47%
6,100
143%
30
Gen
8%
8%
8%
8%
8%
8%
4,800
General Bronze Corp
6%
6%
7
7
7
7
7%
5,200
General Cable Corp
16%
600
90'/a
28 %
7 *138
15%
140'/a
90%
*27%
37%
28
143%
16%
15%
16
91%
91%
91%
92%
380
28
21 —
27
300
*27
*136
139%
*136
139%
42%
38
38%
x37%
38%
38%
42%
41%
42%
41%
•-
38%
42%
4,
38
42%
91%
*139
140 Va
*138
38 7
37%
90
28
90
•27%
16
16
15%
42
<
26,400
A
■7'
43%
♦102%
102
102
:,';7
97
97
28%
5%
*21%
,
1%
5%
5%
21%
21%
21%
*
23%
7%
7%
108 Va
1%
1%
*5%
7%
*7%
*106%
2
*1%
23
22%
*48%
50
48%
49%
48%
21'A
20
21
1%
1%
70
55%
22,800
5%
100
400
22 %
22%
2,300
Gen
7%
7%
1,500
109%
1% .'»••: ,1%.
22%
*109%
112
22%
'
*110
1%
1%
1%
50%
*51
52
Common
No
1%
2,400
23%
2,200
Gen
112%
130
1%
8,400
„
t
par
10c
pref opt div series
No par
100
1
No par
Refractories
No par
Signal
Railway
6%
Gen
preferred
& Utilities
Realty
$6
1,600
56
•
1
preferred.
Gen Public Service
General
20%
21
21%
21%
21%
22
22%
2,800
14%
14%
14%
14%
14%
14%
*14%
14%
14%
14%
*14%
14%
700
General Shoe Corp
77%
77%
77%
77%
79
78%
79%
79%
80
79%
80%
700
Gen Steel Cast $6
77
22%
22%
22%
22%
22%
22%
22%
22%
*22%
23%
22%
23
900
General
20%
20%
20%
20%
*20%
•20%
20%
21
400
Gen Time Instru
V
21%
*20
•
*22%
23
112
*109%
22%
20%
*47%
*
1%
39%
98%
9?%
37%
38
11%
11%
11%
11%
*78%
80
79
79
80
80
80%
80%
19%
20
20%
20%
20%
20%
20%
21
48
48
48
48
48
48
*8%
*87%
500
90
94
94
39
39%
40
40
98%
98%
98%
38%
39%
38%
101 %
101 %
8
101
7%
7%
90
90
1%
1%
101
7%
7%
90
90
1%
2
*88
1%
101%
101%
8
90
*88
1%
5%
13%
13%
13%
13%
*11%
11%
11%
12
12%
12%
12
12%
34%
34%
*34%
35
34%
34%
35%
35%
*24%
25
16%
*24%
25
29%
29%
25
16%
16%
16%
30
30
29%
25%
25%
26%
150
62
149%
149
*58
16%
26%
1
5%
14
„1%
5%
14%
29%
,29%
62
*58
26%
147%
27
147%
26%
"147%
No
No
No
—No
No
13,900
I,400
Granby Consol M S & P
2,300
Grand Union w div ctfs
5%
17%
II,000
30%.„
26%
1,600
150
149
Great
1
61%
44%
44%
44%
45
45%
45%
45%
1,600
18%
18%
18%
18%
19%
19,
19%
19%
19%
16,000
600
20
No par
preferred
No par
No par
Western Sugar
100
Preferred
Green
61%
*56
44%
18%
Green
_100
Bay & West RR
(H L) Co Inc
1
No par
10
Greyhound Corp (The)
5%%
preferred
12%
12%
12%
12%
*12%
12%
*12%
12%
*12%
12%
15%
14%
12%
14%
*12%
14%
14%
14%
14%
14%
14%
14%
14%
14%
2,100
Grumman Aircraft Corp
4%
4%
4%
:4%
4%
4%
"v-T 4%
4%
4%
4%
2,900
Guantanamo
4%
*4i/2
154
154
8%
8%
36%
37
"152
154%
8
8%
152
•
8%
152
8%
152
*149
*147
151
151
•
30
8%
8%
8%
8%
8%
8%
4,900
37%
37%
37%
37%
2,400
26%
36
*25%
26%
300
*35
36
37
36%
37
37%
37%
26%
36%
151
-
26
26
26
26
*25%
*35
36
*35
36
*35
8%
conv
Sugar-,
100
preferred
25%
25%
36
*17%
17%
*14%
15%
14
107%
106
*106
v
For
35-
35
*34
17%
17%
%;
14%
106
footnotes see page 2423,
*16%
*14%
*106
17
15%
107%
'
17
*14%
*106
17%
17%
15%
*14%
107%
*106%
17%
15%
108
17%
*15
"106%
10
No
Hackensack
1%
preferred
class A
800
Hall
15%
100
Hamilton Watch Co
10
6%
Feb
3
May
5%
Jan
Jun
25
28
Aug
13% Jun
10
v.
140
9'A
114
May
>
May
Jan
42
Dec
12%
Apr
14%
1
11%
Sep
27% Mar
12
Jun
21
8%
36% Mar
Jan
136
Nov
18%
Sep
11
5
Jun
22
38
Oct
45
30
27
Apr
Feb
10%
Jun
37% Jan
Nov
38%
12% Jun
64
'
May
Jan
31% Jun
10
15%
Apr
18
Jan
107% Jun
15
85%
Apr
97
Nov
4% Jun
10
4% May 17
2%
Sep
2%
Jan
1%
Jan
1%
Jun
14% May 26
8
Sep
11
Jun
18
16
1
May
2% July
21
6% Jun
30
9% Jun
22
26
Jan
Oct
9%
Nov
Apr
8%
3%
Apr
6%
14% Apr
Jan
10 %
Feb
Dec
53% Apr
2
9% Mar 30
51
Jun
12
98
Mar
Jun
2
35
Sep
46%
Feb
9% Jun
3
3% Jan
5%
Nov
106
51
8 % May
53
7%
Apr
106
143% May 24
9% Jun
Feb
3%
Nov
104
Jan
140
Apr
Dec
2% July
4%
2
5
19
Sep
3%
Oct
Jan
Dec
18% May 20
6%
Sep
9%
Jan \ 5
Jan
5
Jan 2
Jan
2
98 % May 19
66%
Nov
90 %
Feb
16%
Apr
21%
Nov
34
113 %
1%
94
83%
129
44%
Jan 13
Jan 22
Jan !■ 4
Apr
9
Jan 14
4
32% May
145
120
May 17
132
Apr
38% Jun 25
21'/a
X23%
Apr
8
111%
30%
Apr
16
Nov
Oct
40%
Jan
Printing
Co
preferred
par
Jun
Jan
Jan
87.
Oct
May 10
122
Apr
131%
Feb
5
30
Jan
44%
Dec
6
122
4
4
4
2
4
2
5
ft Jan
2
1% Jan
8
76
Jan
2
24% Jan 12
83
Jan 14
25% Jan 8
90% Jan
9
4% Jan 11
80
Jan 11
Jan
2
4% Jan
8
8
Jan
5
7% Jan
9
29% Feb
3
24 "A Jan 27
15
Jan
6
21% Jan
7
Apr
128
July
13% Aug
30
Jan
5% May 12
Jan
1% May
3y8
Jan
1
10% Mar
14%
Nov
5%
Jan
24% Jun
8% Jun
10
24
23% Mar
4
14% Jun
21
Nov
Apr
19%
Jan
14%
8% May
Jun
55%
13% Mar
10
11
23% May 29
May
10
Feb
79%
Jan
20
Jan
16%
Dec
Feb
110
25
101%
Sep
24% Jun
25
7%
Jan
15%
Dec
3
Jan
5%
Nov
9% May 10
74
May 20
11% Jun 25
x40% Mar
61
Nov
4
Apr
.5%
Jan
50
82% May 10
May
65 %
Jan
21% May 27
12%
Sep
22
37%
Jan
Oct
Feb
16
44
48
Jun
1% May
%
6
U Jan
Jun
1% July
2%
Jan
3% May
6
94% Jun 24
73
Nov
82
Feb
Jun
1
13
Jan
27
Dec
99% Jun
24
56
Jan
83%
Dec
40
Jun
25
10 %
Jan
27
102
Jun
15
60%
Jan
90%
Dec
9% Aor
29
1%
Jan
4%
Nov
Jan
81%
Dec
ft Sep
1%
Nov
5%
Jan
41%
90
Jun
11
x58
2% May 10
6% Aor
7
4
Sep
Jun
25
6
Mar
8%
13% May 29
6
Apr
9%
15
July
25
Feb
Jun
25
22
1
23
18
Apr
27% Jun
Dec
18%
Oct
19%
Jun
25%
Feb
22%
Apr
13%
32% May 10
153 % May
11
8
130
27
50
45% May 22
25
65
21
Jan
10%
May 27
12% Jun
17% May
10
7,
12
10% May
5
41% May 12
28%
143
Jan
Jan
July
63%
Apr
33%
Jan
Apr
14 %
Dec
Mar
1% May
11
160% Jun
Apr
9% May
4
Jun
5
Dec
Nov
Nov
25 % Apr
36
Dec
32
22% May
2
3
Oct
31%
110% Jun
2
Jan 19
Jan
4
Jan
4
Jan
2
Jan
2
81% Jan 19
3% Jan 12
25% Jan
2
Jun
%
Mar
23
May 11
24% Jun
Nov
107 %
% Mar
4
Jun
82
14%
Apr
10%
1% Jun
52
Jan
Apr
Jan
101
May 12
109% May
%
A
25% May 20
110
Sep
99% Aug
2% May 10
Jan
31%
14%
11
10%
2%
3%
8
Feb
109
23% Jan
59% Mar
1%
Apr
64%
19
116% July
102
27% May 10
2
4
138
Mar
131% May
7
2
4% Jan
60% Jan
59
Jan
14% Jan
41
Jan
61
Mar 15
97
Apr
% May
6
2% Apr
;
55% Jun
14% Jan 14
5
118% Mar
110
134
13% Jan 25
4% Jan 2
103% Jan 5
A Jan
2
12% Jan 2
xl04
Mar 9
% Jan 4
31% Jan 28
15% Jan
5
9% Jan 2
60
Jan 2
16% Jan
.15% Jan
108
Jan
43% Jun
Nov
11% Aug
14%
Jan
3%
Jan
86
Sep
48%
,
Jan
2%
Jun
4%
Oct
Jun
33%
Oct
18
'
Water
17%
108
No par
preferred
H
f ^
fl*.°6
1
-No par
Gulf Mobile & Ohio RR
$5
par
100
10
Co
Great Northern
par
No par
Ore Prop
Iron
par
5
City Steel
(W T)
par
No par
preferred
Nor
par
1
Graham-Paige Motors
1%
45%
r
*56
Hosiery
5%
15
18
62
1
1
Preferred
30
45
*58
preferred
Gotham
45%
62
(B F)
Goodyear Tire & Rubb
$5 conv preferred
Gr
28%
26%
5%
Grant
30%
50
preferred
Goodrich Co
3,700
29%
No par
(The)
(Adolf)
1,500
29%
Co
Gold & Stock Telegraph Co—_100
25
17%
No par
Goebel Brewing Co
36
17%
148
Gobel
35 %
17%
No par
No par
No par
1,400
90
—5
Co
preferred
conv
*24%
*24%
26%
4%%
Granite
17
148
conv
2,400
25
Rubber
&
Tire
12%
16%
100
1,400
8%
No par
Safety Razor
Glidden
1,200
13,100
20
Corp
Corp
preferred
12%
*24%
26%
25
.
16%
149
*148
99%
40
5%
5%
7,200
102
13%
,
41
8
y
30
95%
39%
39%
14
5%
98%
99%
98
37%
h-* o o
40%
40%
98
«•
*94
94'A
37%
98
8
94
38%
37%
101
94
5%
35%
18%
4,100
*13%
*34%
45%
1%
2%
1%
*
*58
1%
*2%
5%
12
*25%
1%
2%
5%
*11%
*149
1%
*2%
1%
14%
24 %
1%
Telephone
$6 preferred
700
47
2%
*87%
*14
3,300
1%
*92%
$5
1
preferred—No par
Gimbel Brothers
500
2%
5%
*5%
10,300
1%
2
1%
'
*47%
100
74
2%
7%
90
*73
74
*1 Va
94
37
8%
8%
*73
*2%
39%
101
8%
11%
2%
*97%
101%
'101
5,100
8%
8%
8%
f73 %
8%
1%
.
39
39%
General
Gillette
48
*92%
94
2,300
20
27/a
*92%
24%
8%
$47%
1%
23%
23%
110%
11
19%
2%
22%
110'/a
111
73%
20%
1%
22%
22%
*109%
11
8%
77%
2%
112
*109%
74
77%
48
:■
6%
10
10%
11
:1
22%
*73
74
10%
81
*78
22
8%
*71%
11%
74
112
*109'/a
22%
8%
8%
8%
11%
22
•
112
♦72
.
21
*20
"109%
:,j
par
Equip Corp
Precision
$6
21%
4
' 7% Jan
17% Jan
2% Jan
par
General Printing Ink
*106%
7%.;
27%
Apr
51
Jan 12
Jan • 7
126% Feb 2
No
A
5%
109%
par
No
Adv
Outdoor
*5%
y.
par
.-10
No par
Motors Corp
preferred
$5
Gen
par
100
preferred
General
100
27
par
No par
General Mills
5%
50
*49
48%
*21
no
109%
1,000
No
t$4.50 preferred:
__No
Gen Gas & Electric A
No
t$6 conv preferred series A .No
Corp
*26%
22%
22
*i%
1%
97
Mar
18
V,;
y
Foods
General
<;15
11
71%
20%
130%
30%
General Cigar Inc
27%
*26
22%
110
30
20
130%
*129
130%
4,200
132
55
547/a
54%
*129
1%
1%
1%
•130%
132
/.'•iv
104
97
97
97
*130%
22%
*109 %
110
*108%
1%
*102%
104
104
109%
*107
1%
5,500
115%
1%
1%
1%
1%
23
108 %
22%
115%
116
*115 Va
22%
1%
1%
23
5%
.
7%
7%
109%
*107
109%
*107
1%
*22%
27%
*5%
7%
7%
109%
54%
130%
*26
21%
21%
22%
*7%
*107
54
*129
27
53%
*25%
5%
5%
.
97
131%
*130%
130
130
26%
26%
105
97
97
130
53%
53%
130%
*130
130%
*27
5%
130%
53%
54
53%
*130
97
130
97
97 •
130
132
*130%
1%
*104
105
*104
105
116
1%
1%
1%
1%
♦115
115
115
116
1%
1%
1%
423;a
42%
*115
115%
*115
'•
>
preferred
cum
10
Jun
8% Mar 2o
2
Jun
28
134
Mar 1
4% Jan 12
2% Jan
2
100
No par
7% preferred
100
General Electric Co——No, par
t7%
Dec
Apr
Jan
36
8
No par
8%
Class
May
No par
preferred
$8
.
7 43%
No par
--5
3
No par
5
Baking
General
6%
28
38
50
No par
preferred
Amer Transportation
$6
106
47
preferred
conv
8%
89%
140%
37%
u'yt
9
8%
8%
:—10
5
Gen Amer Investors
6%
15%
<
*28% •29%
*138
47
142
1
preferred
8%
*15%
90%
.
8%
20
6%
6%
*15%
106
46
86
2% Jan 11
1% Jan
2
9% Jan 6
19% Jan 11
3
Jan 12
7% Jan 14
9% Jan 11
51
Jun 15
6% Jan
4
102
Jan 29
37
Jan
4
5% Jan 4
No par
Gaylord Container Corp
t5%%
Jan
9%
S
5% Jan
8
Feb 16
34% Apr 28
17
Jan
2
96% Jan 12
1
(The)
8%
8%
*8%
*104
46%
*140
142
*140
142
*140
46
46%
8%
♦46% jt 47
8%
8%
9%0V( ;...
Dec
2
50
'
9%
106
*104
106
♦104
106
*104
5%
Feb
16%
16
127
Mar 11
16% Jan 5
cl A——No par
(Robert)
Co
39%
96 %
39% "Jun
<
Wood Industries Inc—i
Gar
Nov
22% Jun
4
10
preferred
Gamewell
Dec
105
105% Apr
5
100
Inc
Co
6%
29%
Dec
26"%
7
May
—1
(The)
Gabriel Co
3%
28%
28
28
28
5%
5%
3%
3%
13%
*13%
13%
*13%
13%
29%
29
29
28%
3%
3%
*3%
3%
Apr
19% May
Co
G
'•
87%
7
preferred
Trailer
conv
9
10 % Jan
pfd—100
Freeport Sulphur Co
30
100
Jun
110
5
4
3
preferred---.——No par
preferred
25
Sugar Co
No par
36%
107%
Jan
9% Jan
39% Feb
>
prior
Francisco
13%
43%
29%
10
Corp
Machinery
$7 conv
132%
*19%
4
48
100
:-l
Foster-Wheeler
*129
7% Apr
Apr
2
25
May
40% Jun
10
preferred
conv
200
1,300
14
19% Jan
3% Jan
30% Jan
10
Corp
Food Fair Stores Inc
13%
45%
*107%
30
107%
107%
109
36%
36%
30
29%
29%
107%
36%
36%
36%
36%
36%
36%
360
48
Steel
Follansbee
*12%
■
70
*65
1,300
(The)_
35%
:
*
11%
11%
12
70
44%
<
19%
*19%
19%
12
*64
11
.
132%
*129
132%
19%
19%
19%
64
*43% 7 44%
717
17
132
*129
107%
30
107%
12%
45
10%
*62
36%
*36%
12%
45
64
10%
11%
*62
13%
43
17
16%
19%
*19%
19%
19%
nvA
44%
*12%
45
43%
132%
*129
*43%
13%
*12%
,
16%
16%
16%
43%
43
45%
7%
8%
7%
7%
*7%
*7%
Dec
19% Jun
8
97% Jan 11
25% Jan
7
No par
34%
200
35%
t$4.50
1.4%
Jun
50
5
101%
105
Jan
31% Jan
15% Jan
20%
*103
87
par
38%
20
105
Nov
par
38%
20
*103
74%
No
38
19%
105
23
No
Stores
38
*102%
Jan
93
6
19%
*34%
18 %
104% Jan
38%
*100
Apr
10
19%
Co
11%
100
20%
Flintkote
24
Rubber.!
preferred
38%
250
24% Jun
Jan
25% Jan
38%
19%
2
8
42
*20%
*38
6
series A
Firestone Tire &
Jan
6% Apr
12"% Jan 27
$2.50
N Y
Phen Fire Ins
1
4
3% Jan
15
Jan
78% Jan
1
.
101
Feb 18
13
—5
Corp
Enamel
Ferro
*50
40%
39%
*108
110
*108
111
220
50
*17%
Apr
19
Jun
No par
100
92%
18
110
1,700
Federated
24%
92%
27%
May 27
17%
No par
23%
17%
110
Federal Motor Truck
5%
92'/a
*108%
Federal-Mogul
2,500
*5%
5%
18%
•
200
5%
*15%
5%
Mar 26
28
; 20% Jan
2
Min & Smelt Co
16%
.'16%
5%
5%
42
6
2
7
No par
preferred
Federal
26%
26%
16
4
20
& Traction—-—15
Light
700
.26%
*15%
26%
92%
92%
*18
$6
102
26%
23%
24
23%
-
26%
5%
5%
5%
5%
24%
5%
*101
102
*101
16
*15%
16
*
"16
16
102
*101
26%
26%
26%
26%
15%
*26
*101
102
*101
15
14%
102':
Feb
Jan
Jan
Jan
33%
21 %
67%
86
No par
& Co
37%
36%
Fairbanks Morse
37%
26%
25
25
10
No par
100
22% Feb 11
35
.Tun
1
12% Jan
5
P% Jan 1.8
104% Mar 13
26 % May
38
18
AT
Jun
Feb
12
19% May
25
13
29
Apr
35
Dec
8% Mar
13
Aug
11
15% Jun
4
8
Jun
106% Jun
17
95
Mar
11% Nov
106%
Feb
THE COMMERCIAL & FINANCIAL CHRONICLE
2418
NEW YORK STOCK
LOW
AND
HIGH
SALE
Monday
Tuesday
Wednesday
June 19
June 21
June 22
STOCKS
June 23
$ per share
$ per
$ per share
share
RECORD
PRICES
Saturday
Monday, June 28, 1943
June 24
$ per share
for
Friday
Sales
June 25
the Week
Thursday
$ per share
NEW YORK
STOCK
EXCHANGE
/
Shares
$ per share
Range for Previous
Year 1942
Lowest
Highest
Range Since January 1
Lowest
'Highest
V ;
-
$ per share
Par
,
$ per share
'
106 %
106%
107
•-1717
♦140
107
106% 106%
-,
144%
*140
144%
va
*7
106%
16 %
16%
16%
16%
16%
VA
VA
*140
17
>
7
6%
*106%
17
144%
*140,
144%
6%
106%
107
107.
v
,
17
17%
*140
7%
(M A)
Co $5 pfd
Harbison-Walk
145%
*7
Hanna
150
4,100
No par
99% Jan
6
No
Refrac
13% Jan
6
par
145%'
6%
6%
6%' preferred
800
—.;
100
.
Hat
*101
105
9%
9y8
9
9
8%
8%
8%
8%
8%
8%
8%
9
2,800
Corp of Amer class A
6%% preferred
Hayes Industries Inc
2%
2'/2
2%
2%
2%
2%
2%
2%
2%
2%
2%
2%
3,600
Hayes Mfg Corp
101 Va
101%
101%
102%
102%
102%
104%
"67%
69 Va
*67%
69%
159%
159%
♦101
105
102
♦101
68%
68%
♦158
*157
160
♦16% ;
16%
85 Va
135
xie
*133
•
♦110% 115
*19
*110%
110%
20
*19
105
102
102
,
50
tHazel-Atlas Glass Co
25
25
56% Jan
*157
165
*157
165
40
*19%
16
16%
*84%
16%
85%
*135
16%
86
137%
*135
3,100
86
1,000
137%
20
*59%
110%
62
*60%
62
100
*110%
112
*110%
112
200
(G
'
Preferred
Hercules Motors
20
*19
20
20%
20%
20%
*20%
21
20%
20%
1,400
Hires Co
39%
39%
39%
39%
39%
39%
2,700
Holland Furnace
14
14
14%
14
14%
*13
16
115
115%
36 y4
35%
35 Va
*42 %
42%
42%
42%
*42%
15%
15%
15%
15%
15%
*55%
57%
*56%
57%
>56%
109%
*109%
*109
109%
*109
35%
34%
35%
43 Va
42%
43
15%
15%
15%
15%
15%
57
57
57%
57%
57
109%
109%
109%
2%
2%
109%
7%
7%
34%
2%
2%
9%
8%
9%
2
2 Va
2
25%,
8%
2
2%
26
•
42
8
2%
35
2%
9
2%
9
26%
9
26%
26
15%
3,100
57
500
110
210
8
t5 %
2%
4,500
Hudson
9
800
9%
9%
9%
5,500
2
2
2
7,500
13%
14%
13%
13%
27 Va
*27%
1*42%
43
10
10
10
43
13%
28
10%
13%
13%
28
*27%
43
•
10%
"7,400
Illinois
Central
200
6%
43
43
300
Leased
10 Va
10%
28
43%
43
10
10%
200
RR See
*27%
ctfs series
15%
15%
15%
15%
15%
15%
16
16 %
2,400
Indianapolis P & L Co
39%
40 %
40 Va
41
41
41%
41%
43%
2,900
Industrial
93%
93%
93%
93%
93%
93%
93%
94
1,800
Ingersoll-Rand
2,400
Inland
5,300
*165
*165
68%
69
68
68%
68%
69
68
69%
70%
70%
12%
12%
12%
12%
12%
12%
12%
12%
12%
12%
13%
*7%
8%
167%
*164
16
63 %
*62
32%
32 %
*134%
136
*134Va
2%
16%
16
*62
63 Va
5%
5%
5%
6Va
171
2%
2%
2%
'16%
32 Va
69%
70 %
2%
*6
166
171 Va
16%
*62
8%
8%
69 Va
171
7%
168
171%
70%
70%
171
*112
7%
8Va
*166
32
32%
136
,
31%
31%
114
7%
8%
8%
8
8 Vb
*8
31%
*112
*134Va
*7%
8
*31 %
31%
7%
8%
8%
8%
166 Va
70
70
::
171%
2%
2%
16%
5%
5%
32%
32%
136
8%
"
*112
8%
*7%
32
*7%
32
114
*112
8%
8
8%
8%
8%
8%
165%
165%
167%
71
71
172%
2%
72%
1%
72 %
173 Va
171%
170%
2%
2
172
G%
.
8
33%
700
.
;
2,100
114
8
9%
168
73%
172
700
17,300
:
500
8,300
690
134%
2%
18,100
16%
16%
16%
16%
16%
900
62 %
62 %
62%
62%
200
5%
5%
33
6
6
32%
134%
33
32%
*134%
136
134%
6
33%
135
3,300
17.400
460
11%
11%
11%
11%
12
12
12 Va
12%
12%
12%
12%
57%
57 Va
*56%
57 Va
56%
57 Va
57%
57%
57
57 Va
57%
58
1,700
10
4,400
9%
.
63
*39
4-i
35%
13%
13%
*30%
*106%
13%
10%
63%
*40
35%
44
114%
14%
12%
13%
14
14%
14%
15
15%
15%
♦108
112
16%
30%
31
15
112
16%
29%
152
15%
86%
*16%
30
*144
15%
*106
114%
15%
112
16%
30%
16%
x29%
152
29 Va
*143
15%
150
15%
15%
*130%
29%
29%
29
29%
105%
105%
*104
106%
86 y«
*85 %
*130%
132
132
23%
23%
23 %
23%
60 Va
60
60
60
60
73%
73 y4
23%
*60
132
5
41% Apr
8
par
36% Jan
12
43 Va Jun
24
par
9% Jan
5
16% Jun
4
2
57% Jun
Juri
85%
85%
*130%
132
200
1,300
100
126,100
15%
Steel
7,900
Ctfs
15 %
29%
*104
85%
*130%
Jewel Tea Co
85%
2,900
(W B)
4%%
Johns
20
14,000
500
5%
75%
74%
76 %
1 700
5%
17
166% Feb
62
Jan
5
74
10
Jan
6
15% Apr
6% Jan 27
21% Jan 28
par
106
Jan
=
8
x8% Jun
18
33% Jun
25
21
115
Mar 29
Mar 29
Jan
2
9
2
9% Apr
144 Va Jan
20
56% Jan 20
162
9
Mar 31
Jan
-
7
Jan
9
% Jan
Dec
74% Feb
12%
Jan
6%
Feb
Oct
23 Va
Jan
100% Aug
111%
18%
5%
Feb
168 % Jun
1
109% Mar
151%
73% Jun
25
40
Apr
61
Dec
173% Jun 24
147
May
166
July
4 Va May 10
5
5
28 Va Jan
9
12
163%
Oct
Oct
10%
3% Jan
Apr
8% Jan
4%
Apr
5% May
Apr
130
74
Nov
-Mar
6
Mar 25
5
6% May 11
% July
3% May
38
Apr
1% Apr
5
24'/a
Mar 15
126%
Jan
7%
Dec
36 Va Apr
136
2
13% Jun
60Va May
5
8
Apr
Jan
Jan
Jan
%
Jan
12%
Dec
57
Dec
4% Nov
30%
136
Oct
Dec
15%
Jan
60%
Jan
45% Jan
2
3% Jan
37% Jan
4
11% Jun
11
1%
Oct
11
64% Jun
10
30%
Oct
46%
3
43% Mar
3% Nov
Jan'
40
Jan
7
5
39
Mar
48%
Feb
28
Jan
.4
35% Jun 24
26
Feb
Jan
7
48% May 19
26
102% Jan
15
108% Jun 21
94
May
May
May
32
36
104 Va
Oct
No par
6% Jan
7
16% May 10
1%
Jan
7 Va
Nov
No par
6% Jan
9% Jan
7
7
16% May 10
16
Jun 11
2
Jan
7Va
Nov
6%
Jun
10%
Nov
90% Jan
14
110
Jun
19
88 %
Jan
4
18
Jun
2
7%
27% Jan
5
32% Apr
3
24%
Apr
Apr
Apr
95
10% Jan
5
145 Va Jun
10
Apr
138
par
No par
50
No
par
par
1
100
>
135
11%
12
12%
4,300
Jan
9% Jan
26
Feb
12
19
44
Apr
16
Jun
33% May
12
5
127
5%
Jan
18% May
96 Va Mar 30
105% Jun
23
85
89% Jun
2
50
May
% May
133% Mar 17
122
Jan
70
Preferred
Mfg
158% Apr
par
No
Jan
21
126
100
Jones & Laughlin Steel
Joy
100% Apr
9%
23%
42
100
..
pref series B
11%
6
66
pref series A
'
Jan
__
25
75
Dec
4
43% Jun 25
Jan
Jan
May
No par
100
Manville
60%
11%
Feb
35
100
1
132
75%
16%
Apr
-No par
100
60%
11%
Sep
May
153
July
54
Apr
8% May
5'/a Apr
15
Inc
24%
75
10%
21
19
88
19
Co
60%
10%
May
2
32% Feb
par
5
Co
preferred
24%
74%
17
11% Jan
par
1
60%
10%
Jan
No
23%
73
2 Va
5%
13
100
24%
74
6
8
preferred
Jarvis
200
Apr
May
11% Jan
Coal
1.600
1%
13
55VaJan
_
1,900
Nov
& Jan
Aug
9
No par
Dept Stores
15%,
5%
Jan
1
Preferred
30
106%
Jan
2% May 10
5
Foreign share ctfs——
$6
Dec
3%
4
25
Intern'l Telep & Teleg
Island Creek
23%
4
100
preferred
1,600
1% Aug
5 Va
Apr
Jan
par
Salt
29
Jan
Jan
32%
par
Silver
150
%
2
16%
6
No
International Shoe
29
Oct
Feb
5
No
preferred
*143
17
Sep
4%
34%
May 10
7
preferred
Interstate
18
106
Apr
16% May
6
Intertype Corp
^30
2% Jun
10% Jun
May
2%
29% May
48
par
Inter Rys of Cent Am
1,500
111
96
2
5
31% May
100
1,200
16%
10
8% Jun
7
& Chem
16%
*107
Dec
7
par
tPreferred
7%
44 Va
2
100
International
Apr
Jan
No
Machines
International
30 %
Jan
1
Int Nickel of Canada
conv
Oct
24
Feb
37
Internat'l Mining Corp
5%
Feb
18% Jan
100
preferred
5%
Jan
100
No
Paper
Dec
115
Nov
2
—No
International
Dec
11%
Jan
Hydro-Elec Sys class A
4%
Dec
Jan
10% Jun
Inc
Harvester
Internet Min
7 Va
18%
Jan
12%
110
8%
2
tPreferred
Int
Nov
39%
41% Apr
20
Rubber
Business
Dec
Nov
Jan
4% Jan
8
15
17
29%
27
par
No
Corp
preferred
Internat'l
110
Jan
38%
29% Mar 30
100
Co
Interlake Iron
Int
4
102 Va
Oct
7
No
Interchemical
Intercont'l
30% Jan
6
Jan
Oct
Dec
21%
8
No
Insuranshares
Jan
105
Mar 10
3% Jan
2
No par
Rayon
61
12
73%
*11
i
15%
540
100
15
*107
17%
11,000
114%
14%
29%
23%
35%
14%
105%
132
*106
41
44
14
*15%
112
86
35%
15%
*29%
86
41
*42
63%
14%
105%
86 Va
9%
14%
29 Va
23%
12
*107
44
105%
*105
86%
29%
*146
15,%
15
29%
29%
16%
31
152
*146
*108
17
35%
•i
ft 63
13%
15
17
41
35%
*41%
13%
*60%
*11
13%
9%
62%
12%
132
132
*106
«
10 %
63%
41
15
105%
86 Va
35%
*41%
114 Va
12%
1
*40
35%
13 %
15%
15
*29%
9%
63
44
108%
>
152
*105
40%
35
*41%
12%
110
*146
40%
41%
35%
43
108%
13%
15 %
110
62%
35%
13%
15
*16%
9%
62%
43
44%
116
*108
9%
63%
*40%
42
*35
*43%
9%
62%
9%
9%
Jan
7
preferred—
6%
63%
16%
*62
63%
*7 %
-32
*165
165%
*163
172
8 Va
32
114
*112
114
172
11%
62%
31
% Jan
Inspiration Cons Copper—
*165
172
*69 %
12%
8%
9
lyiar
Dec
48%
1000
15%
31%
8
44
14% May 27
17
4% Jan
A
94
114
Apr
115% Jun
12% Mar
Nov
100
40%
*8
2
22
100
15%
31%
Jan
22% Jan
_
94
*112
11
14 V4
par
Co
RR
4%
40
*165
21% May 10
1
16
69%
Mar
40
100
94
172
79
No
40%
172
23
75%
134
•
Oct
Feb
14%
Feb
110% Jun
158
Apr
30% Mar
22 Va Mar 31
.25
preferred series A
lines
51
125
6
tHupp Motor Car Corp
12%
2
23
Jun
c
Hudson Motor Car
1%
42%
Dec
58%
23
No
9%
27 Va
94%
18
100
2
13%
Jan
Apr
May
141 Va Apr
10% Apr
45
Jun
Jan
Nov
79 %
Jun
14
May
8%
1%
21
6
88
Jun
62
Jun
Dec
%
16% Jan
5
9%
27%
14 Va Jan
Jun
Jan
28% Jan
100
t
of Texas v
2
43%
172
5
No par
94
*165
Jan
87
Jan
Jan
4%
5% May
135
7
No
No
40%
*15%
100
4
13
Manhattan
&
5
May
12.50
preferred
Bay Min & Sm Ltd
Hud
11
115
5%
2,500
17% Jun
9
Howe Sound Co
26%
8
5
preferred
Houston Oil
1,700
9
100
Household Finance
6,100
Mar
par
No
Class B..,
35%
167
Jan
(A)
preferred
Homestake Mining
Houdaille-Hershey cl A
9%
13 Va
10
109%
8
35%
700
5
49
10
1%
9
27%
10%
*10
7%
*35
•
10,000
Jan
80
Jan
16%
3% Mar
1
2
2
28
43
2%
26
13%
13%
*27%
7%
9%
*9
26
109%
35%
*35
9
9
9%
26%
9%
'
34%
43%
7%
9
Hollander & Sons
36%
57
146
X126
10
Holly Sugar Corp
30
43%
34%
26
700
700
2
par
(Del)
14 %
25
Apr
130
(C E) The
16
35%
7%
9%
26
14%
*15%
Jun
71
100
Hlnde & Dauch Paper Co
*115
*42%
34%
2%
2%
*9%
*25%
14%
16
*115
43%
15%
7%
35
*13%
*15%
16
"115
20
36%
35
34%
7%
7%
33
*15%
16
115
16
16
115%
*19
105
par
—No
No
15
12% Jan
73
Jan
par
No par
Hercules Powder
Jun
102
6
152
100
No
6 %
cum preferred
Hershey Chocolate
$4 conv preferred
39%
.1
36
2
W)
20%
16%
104
Apr
Apr
3% May 10
Helrae
85%
Apr
12%
10% May 28
700
39%
13%
9
400
21
13%
2
Jan
67
39%
16 Va
Jan
7
105
21
*115
86
1
67
39%
*19
100
t per share
98
7% May 29
104
40
20
5
70
20%
U
20%
*39 y4
4% Jan
1
144% May 14
*68
62
5
3
68
135
62 '
115
*110
20
84%
135
62
18% Mar
Feb
1 % Jan
2
93 % Jan 20
16%
16
85%
*59%'
115
*157
135
*133
.
*101
135
163
67%
16
85%
86
135
*58% " 62
62
*59
102
*15%
16 %
85%
86
*132 Va
160
105
*101
105
♦101
107V4Mayl5
per share
'
*140
7%
*106%
17%
1
Jan
27
39%
11
32%
10%
Oct
Dec
Jan
Nov
Nov
33%
Jan
107%
Jan
73%
Dec
129
Nov
-No par
19% Jan
7
26% Apr
6
17% May
24%
100
54% Jan
7
65
Apr
5
53%
64
Jan
100
64% Jan
8
82
Apr
6
61
79%
Jan
% Jan
4
12% Jun 25
11
Jan
10
xl2% Jan
19
13%
Dec
No par
...
122% Feb
2
5 % Jan
2
10% Apr
8
Jan
13
29% Apr
6
7% Jan
6
12% Jun.25
conv..
Co
—
1
8
Dec
May
7% Aug
Jan
K
15%
16%
.*16
*8%
*25 %
'11%
11%
100%
100%
♦99 %
♦14%
14%
14%
*107
110
23 y8
22%
•147/a
15%
*14%
109%
109 %
30%
109
18
*4%
22%
•7%
4%
8%
26
11%
*99%
14%
lio
101
14%
101
14%
*107
110
-123,
8%
*25
16%
128
8%
26
*11%
12
*99%
101
14%
-107
14%
110
•
45
22%
8
8%
25
11%
101
*14%
*107
132
8%
25
12%
101
16%
"125
8%
16%
8%
24%
25
12%
12%
"100%
1,800
Kalamazoo Stove Si Furn
3,300
Kansas
132
Kan
500
1,700
104
20
15
15
15
700
110
"107
110
22%
23%
23%
23%
23%
23%
14%
15
15%
15 Va
15%
15%
*108%
109
108%
108%
109
30%
31%
31
31%
31%
31%
19,300
18 Va
18%
18%
18%
1,900
30%
17%
*17%
18
18
18
31%
*31
31%
31%
31%
4%
4
*44
44%
44
%
*125
16%
15
*30%
.
*16%
23 Va
,.17%
31%
*43%
128
16
30%
30%
30%
*31
*11%
11%
15%
109
*23
♦17%
*25
25%
♦25
*11%
*107
8%
8%
8%
8%
25%
*123
128
*123
128
*123
15%
16
4
3%
45
44
22%
22%
22%
8
*7%
29%
29 Va
29
29
30
30
29%
*7%
30
*28
29%
30%
22%
8
22%
*7%
4%
44
22%
8
28%
28%
29%
29%
30
30
31%
4
44%
109
31%
4
23
15%
109
31
4
23%
1,800
15%
2,200
109
31%
4
70
400
800
44%
*44%
45%
150
*22%
22%
22%
22%
*7%
3,200
7%
*28
29%
*7%
8
City P & L pf ser B
City Southern
4% preferred
No
100
Kaufmann Dept Stores
5% conv preferred
29
29
1,000
30
29%
30
2,700
14%
20
__l
5
5
Feb
125% May 24
117
Mar
16% May
Jan
2
5
11% Jan
2
103% Feb
1
108
15% Jan
2
Juri
Kayser
Class
(J)
&
100
Co—
B
83
8% Jan
1
Kendall Co $6 pt pfd A
-No par
Kennecott Copper
No par
No par
No
par
Keystone Steel & W Co
Kimberly-Clark
Kinney (G R) Co...
$5
1
prior preferred
Kresge
(S S)
No
<
5
Mar 11
24% May 11
16% May 11
113
Apr
24
Jan
29
28% Jan
15% Jan
7
35% Apr
8
2
18% Jun
25
31% Jun 24
192
.
4
101
5
Jun
16
Keith-Albee-Orpheum preferred. 100
Kelsey Hayes Wh'l conv cl A
1
Jan
7
1% jan
13
25
2%
124
Oct
Jan
7%
Oct
16
May
29%
Nov
6
Apr
11%
Feb
100%
Jan
81%
7
Dec
Jan
11%
Sep
93% July
10% Apr
103%
Dec
'14%
Dec
9
Dec
4%
100
Jan
May
105 V*
Jan
26%
Jun
37%
Jan
11%
Apr
15%
Dec
24%
Jun
29
Jan
1%
Jan
2%
46% May
23% May
5
30%
Sep
40%
Feb
4
17
Mar
22%
Jan
10% Apr
3
Jun
3%
Jan
5
May 10
Feb
(S H) & Co
Kroger Grocery & Bak
34% Jan
12
18% Jan
2
1
Kress
par
10
Co
Kresge Dept Stores
29
par
2% Jan
11
23 Va Jan
4
30% May 29
19% May
27
Jan
24% Feb 26
32% May... 6
22%
Apr
29%
Jan
No par
No par
2 Va
L
14
14%
66
67
*63%
26%
26%
*13%
14%
13%
*65
66
13%
14%
14%
66
65%
25%
26
14
14
14
67%
68
68
69
69%
340
26%
26%
26%
26%
27 Va
1,800
'
•19
,
*37%
*23%
*67/a
26%
19%
♦19%
19%
38 V4
37%
37%
24
114%
♦113
25%
7
23%
24
6%
6%
2
2%
ii~
19%
18%
18'/a
28%
29
28%
29
21 %
21%
35
35
39%
8%
For
40
8%
footnotes
20%
34%
39%
8
see
19
*36%
19 Va
38
*18%
19%
37%
37%
*23%
114%
"113
25%
23%
23%
*113%
114 Va
"113%
6%
2
72
6%
2
24%
115
19
*37%
24%
*113%
7
3,900
1%
2
5,200
28%
Lane
Lee
Lt
Co
St
Rubber &
Lehigh
7.500
6%
3,500
Lehman
Lehn & Fink Prod
Corp
Lerner Stores Corp
22
*34
22
22%
22%
1,600
34%
34%
34%
700
39%
40%
40%
40%
40 Va
41%
5.600
8%
8%
8%
8%
8%
8%
42,100
21%
Apr
41 %
7
11%
Jan
18
Dec
par
11% Jan
7
19% Jun
18
11%
Dec
26'/a Jan
27
__5
25
100
JLehigh Valley RR__
Lehigh Valley Coal
17%
34%
72% May 21
29% .lun
Cement
29%
22 %
13
4
7
preferred
17%
22
Apr
Jan
17% Jan
tOO
Tire
Portland
conv
29
*34
7%
35
par
—No
Bryant
18%
21%
16% May 21
100
No
(The)
28%
34%
Louis
preferred
17%
20%
5%
Lambert Co
*28%
34%
2423.
Laclede Gas
4%
7
20%
page
2,900
2
28%
8%
400
25
115
7%
28%
40
300
1%
19
8%
25
*113%
19%
38
7
18%
39 %
37%
2
18%
34%
8%
24%
115
*19
7%
18%
X28%
40
19
37%
370
conv
_5o
No
preferred
Corp
20
4
Jan
4
107>/<> Jan
27
2% Jan ®2
l?,Jan
par
50
2
38% Jun
5
25
Apr
6
116% Apr
7
8% May 19
1
2% Jun
5
8% Mar
15%
Apr
18% May
104
No
Dec
14 %
Aug
26%
Dec
Jan
33%
Dec,
Mar
5%
11%
36 % Jun
18
20 Va
12
41 % Juri
2
8% Jun
Jan
Apr
22% Jun
8
Jan
Jan
1%
Apr
6
23% Jan
Jan
4
15% Aug
14% Jan
5
Jan
Jun
25
par
31
Jan
Jan
30% Apr
7
Dec
23%
113
Apr
12
No par
.
28
Aug
8%
20% Jun
Jan
5
*
Sep
17%
6
24
11% Jan
May
Dec
2%
1
(The)
Libbey Owens Ford G1
Libby McNeill & Libby
9% Jan
4
Jan
LOW
'
'V.t
■$:'
.
June 19
*37
*69
177%
*26%
27 74
39
38%
18%
*20%
21%
20%
18'A
61
49'A
49 Va
9»/a
9Va
25%
25%
20%
25%
39%
18
*21
2174
21
21
19%
20%
20
20%
20%
21%
60
6074
61:74
59'A
20
*159
21
59%
49%
49'A
49%
49
97b
974
9%
21
25%
26
19%
20 Va
2074
,
800
2674
"25%
27
Apr
26%
2774
*26%
2774
26%
26%
138
*132
138
22%
Jun
32%
Feb
May 27
Jan
Dec
21 % Jun
11
11% May
1474 May
16 %
Dec
25% Mar 29
24%
Jan
62 Va Jun
37
Jan
46%
Dec
Corp—No par
37 % Jan
11
31%
Jun
42 Va
Jan
No par
6% Feb
4
Biscuit
-25
18% Jan
13
Co—
16% Jan
2
148% Jan
12
MacAndreWs
28
Nov
7
300
72%
28
23%
5
100
27
Apr
6
No par
*71%
16%
177
1674 Jan
preferred
71%
Apr
15% Jan
——
Louisville Gas & El A
71%
3 64'/a
42% Jan
Inc
Louisville & Nashville
71'A
18
.—No par
Lorillard
7%
70
71
74 V4
7
900
71
Jan '7
34 % Jan
No par
600
71
Jan
Apr
44
4
-i:.
24
21'A
160
72
73%
50 Va
28% May 27
3
2274 Jan
-10
1—100
71%
74%
179% Feb
Jan
50% Apr
22
Loose-Wiles
2,600
*25%
*72
4
2 /
1974 Apr
Co
Long Bell Lumber A—
800
20%
2174
21%
21%
4
73Va Jun
174
No par
—No par
No par
Refining Co
Lone Star Cement
1,200
974
160
161
*159
21'/a
*20%
20%
2074
161
*159
161
*159
49%
20%
26
20%
7074 Jun
33
40% Apr
Loew's
4,000
26%
2574
20
Highest
$ per share
Mar
Liquid Carbonic Corp„•
No par
Lockheed Aircraft Corp-————1
19,200
!
*974
974
20
4
Lion Oil
49%
49
93/a
26
1974
161
21
607a
*25
20
161
21
5974
1
19
;
25% May
'
'
21
38% Jun
12% Jan
Link Belt
700
400
18
*17%
.
Lima Locomotive Wks
200
39%
18
*38%
18%
—__
Lily Tulip Cup Corp.—
1,900
21
40
*17%
9%
26
160
20'/a
39%
*38 Va
Jan " 4
30
63% Jan
-25
100
tPreferred
300
41
1974
*49
974
*9 Va
1,000
.
27%
40%
••..<•;
21%
59'A
4974
48 3A
27
39%
19%
60
X59
60%
2774
3974
1942
$ per share
'
50
*2074
20
19
Liggett & Myers Tobacco
Series B-;
178
'*27%
18
18
2174
*2074
20 Va
178
3974
39%
39 3A
*38 Va
18%
*18
Life Savers Corp-—
600
71'A
71
178
27%
*26
39
,71
70%
*177
Year
$ per share
62% Mar 25
■
100
68 Va
7074
$ per share
Par
Lowest
Highest
:
1
38%
68%
178
*177
27%
,
*36%
68%
70%
70
38 Va"
39%
3874
39%
*27%
2774
*27 Va
40
40
*38%
177
177
177%
38%
*68
Lowest'
■
178
*177
*36%
68
67%
*69%
69 Va
69 Va
38 Va
*36%
67%
*67
67%
Range for Previous
,
Ranger Since January 1
EXCHANGE
Shares
,
'■
.
STOCK
YORK
NEW
the Week
$ per share
*
STOCKS
i
Sales for
June 25
$ per share
share
per
37%
37'A
33
67%
67%
69%
$
;:'i:
Friday
June 24
June 23
$ per share
share
*36
39
67%
June 22
Thursday
Tuesday
$ per
$ per share
V-Z"
HIGH SALE PRICES
Wednesday
AND
Monday
June 21
Saturday
2419
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4189
yolume 157
(P)
51
9.74
11
Jun
5
11% May 10
274 Mar
15
5
16174 Jun
Dec
19%
Nov
Apr
16%
Nov
128
8
15% Jan ' 6
217a May 12
75 Va
May 27
May
8
7%
11%
59% Jan
*
37% Nov
12% Oct
Mar
6
2774 May
21% Jun
Jan
Mar
153
Dec
11% Apr
18% Jan
55%
;
76%
Sep
Jan
M
*132
138
'•■132
33%
34%
3474
35
34%
35%
3,400
Mack
27%
2874
2774
28%
27%
28
28%
28%
2,700
Macy (R H) Co Inc
13%
13%
13%
1,000
Madison Sq
18%
18%
1.9
2,300
Copper
Mahoning Coal Co
Manati Sugar Co
28%
28%
28
28%
13',4
13%
13%
13%
*13
13%
18%
18
18%
18%
19
*18%
7%.
8%.
87b
8
*9%
9%
*974
*18%
18%
2%
2%
2%
*18%
2%
5%
574
5%
5%
5%
16%
16%
16%
1674
5%
16%
16
17
16%
17
15%
15%
15
15%
14%
15
15
15%
14%
15 Va
19%
19%
1974
19%
19%
23%
23%
24
*23%
29%
29%
30
*29%
6%
6%
6%
6%
30%
*30
31%
*30
49%
49%
50
50
39
15%
*15%
15%
15%
17%
17%
17%
111%
*107
23%
29
29%
23%
23%
1,800
Mathieson
52
1,800
May Department Stores—.
Maytag Co
50
1,700
McCall
15%
16
16
1,600
*110
10%
10%
11374
*72
32 %
85
*81%
85
*72
72%
*72
32%
*32%
33
10
37%
37%
7%
24%
23%
24
29%
,29%
29%
29%
*
69 %
*108
7%
7%
34
2,200
Melville Shoe
10
10
10
1,900
Mengel
9%
*36
27
*37
38
37
27
26%
26%
31%
32
32 %
3274
1,600
Mesta
Machine
7%
77a
8'/a
3,500
Miami
7%
7%
23%
23
23%
23%
2374
3,400
Mid-Continent
30%
30%
30%
307a
31 %
1,100
120
120%
70
70%
*108
109
71
*71
72
*108
109
*108
7%
109
7%
8%
8%
8974
91 %
1,200
$6.50
187a
18%
18%
900
Mission
2%
2%
2%
3,700
8%
9%
8%
9
9
9%
6,100
*89
8%
8%
8%
8%
8%
8%
25%
25%
*25%
25%
*25%
257a
25%
25%
*25%
87%
87%
8774
88
89
89%
89%
*115
116%
*115
26
2574
25%
90
90%
2,200
116%
116
116
120
*116
120
*116
120
*116
120
*118
120
113
113
*111
113
*111
113
*111%
113
*111%
113
44%
45%
*33%
35%
*33%
35%
*33%
22%
22%
21%
22%
2174
15%
17%
27%
5%
*73%
22%
*112%
2374
35%
23%
23V4
*33%
23%
15%
15%
15 %
15%*
15%
15%
17%
17%
17%
17%
17'4
17%
*17%
277b
27%
27%
28
27%
*5%
5%
5%
*26%
27%
5%
5%
*74
77
*27%
5%
75
74
74
22%
22%
22%
22%
22%
22%
22%
69
68
68
69
69
68%
*112%
113%
113%
112%
112%
9%
9%
9%
9%
9%
9%
"40 %
39%
*40%
*1%
1%
43
*40%
43
*112
9%
*41%
&
Motor Products Corp
17%
17%
17%
28%
700
6%
1,800
6%
6%
76
23%
2374
2374
69
69%
*112
113%
10
1174
*41%
4274
4274
42%
200
*1%
174
*1%
1%
13%
1374
14%
Murphy Co (G C)
t4% c/o preferred
18.300
113%
974
Co
Munsingwear Inc__
90
10
11374
97a
Corp
Brass
preferred-!
$7
1,000
*68 %
.
Mullins Mfg Co class B
600
69
23%
Mueller
340
77
& Co-
Essex
Wheel
Motor
1,300
28
76
75%
11374
43
(J)
fMorris
28
5%
5%
75
77
15%
Apr
x5% Nov
6474
26
Oct
Myers
(F E)
Nabco
Jan
7% May;
77
Mar
Dec
72
Feb
Jun
32
Jan
Dec
6
Oct
22%
Jun
29
1
21
Apr
33%
Oct
Dec
30%
Jan
Apr
7Va
Jan
19%
Dec
3
32% Mar
76
May 29
Jan
13
34 % Apr
6
24
5% Jail
4
974 Apr
25 74 Jun
8
5
3174 Jun
7
1874 Jan
6
20% Jan
7
4
Feb
8
12 Va Mar
2
16 Va May
76% May
23 Va
Oct
Apr
108'/a
Nov
35%
Jan
59 %
Dec
103%
Jan
108
X10774 May
111
6
Feb
19
110
109
Apr
14
113% Feb
4
3
Jan
2
83/b Jun
10
Apr
21
I
174 May
7
92% May 10
13
20% Mar 30
874
2
374 5a n
4
11% Apr
6
174
Jan
17% Jan
12
26% Jun
11
12 %
Feb
9074 Feb
374 Mar
14% Nov
84
10
66
May
Jan
2
119
Mar 19
110
May
118
Jan
112
May
Oct
91
Jan
117%
120
Oct
Apr
110%
Jan
23%
Apr
34 Va
Dec
3
28%
Dec
48 Va Mar
7
12%
Dec
29 74 Mar
5
6%
Jan
11
Oct
974
Apr
12%
Nov
20% Aug
25%
Jan
3 Va
Jan
Apr
114
Mar 10
14
31% Jan
8
37
13
5
2774 Jun
7
17
Jun
7
29
48% Jun
Mar
18% Apr
Mar 29
7
Jun
3
2
Sep
53
Jan
7
77
Jun
25
50
Jan
63
15
Jan
5
23% Jun
25
11%
Jan
17
6$
Apr
13
69% Jun
25
49
112
Jan
25
Jan
2
34 Va Jan
12
2
2% Jan
No par
Feb
102%
121
2
33 % Jan
31
Oct
1%
4% Oct
18
4
20
108% Jan
8
Mar
Apr
115
12
Oct
Dec
67
jTf Jan
4
Oct
3%
Jun
10
Mar 19
Oct
88 %
120% Jun 24
% Jan
Liquidating Co
108
4%
25% Jun
1100
_10
Dec
Dec
7% Jan
55
40 %
11% Jan
Dec
1574
110
20%
4
2174 Jan'
Nov
4
Jan
Jan
Dec
9%
39
25
34
2
9% Jan.
24%
Jun
9
par
Jan
Mar
15
Feb
107
108 %
1174 May 29
Jan
4% Jan
106% Jan
of America
& Bro
Murray Corp
89
No
Morrell
16
9
Jun
94
6
27
—No par
No par
No par
—50
No par
—5
-1
1
No par
No par
No par
$4
35%
5Va
7
64% Jan
B
4,790
23%
16
2474
Jan
May
——100
20
preferred series C
Montg Ward & Co Inc
1,800
*33%
35%
23 74
15%
1-5%
17%
69
69
35
9%
1374 Jan
preferred
8,600
47%
Oct
101
14
Feb
Jan
No par
Preferred series
46%
44%
45
$4.50
10
45%
45%
*33%
45%
10
20
113
114
Apr
6%
27%
8
11% Jun
60
Chemical Co___
116%
120
*111%
14
10
No par
—10
Corp-—-———
120
*115
116 74
*115
*116
9974 Aug
57%
preferred-
Monsanto
Jan
6
May
par
100;
100
1%
300
89%
14
,67% Jan
—1
preferred series AMohawk Carpet Mills
19
May
16% May 19
—100
No par
Mo-Kan-Texas RR
19
2%
Oct
10
No par
8974
89
18%
2%
45%
22,500
2%
88
18%
2%
44%
8%
1274
7
Jun
58
Dec
Mar
10% Apr
,
Nov
Jun
9
4
par
22
101
76
Jan
25
Jan
3% NOV
6
28% Jun
,Feb 24
Jan
46%
4
5074 Apr
13
Sep
176
May
113
par
—No
1874
90
18%
2%
6
-10
Petroleum-.
2%
89%
18%
101
26
2%
89%
2%
*88
7%
7
13%
10
16% Jun
Jan
1%
6% Jan
„50
1st preferred™.
cum
Apr
Jan
May 21
1
Minn-Honeywell Regu
4% conv pfd series B
4 74 % preferred series C
Minn Moline Power Impl_
600
*113
*113
7%
8%
110
121%
*11974
71
*113
7%
120% y
120
71
109
*108
*113
~7%
120%
No
-
Midland Steel Prod
70
Apr
31
Jun.25
5
23%
162
114
Co—
*29%
Jan
4
25
*24
Copper
7%
7%
,
29%
May 29
1
_
Trans Co——No
Min
&
30 V4
18%
45'4
conv
Merch
23%
90
116.%
200
7%
*29
*2%
*115
5%
20
27
Nov
19% July
6
Corp—
32%
32
31%
37
*26%,
37
*26
38%
25 Va
27
par
(The)-—
1st preferred-.
Co
Dec
Aug
14 % Jan
.100
f $5.50 pfd ser B w w
72%
33%
*18%
88
360
.72%
72%
33
Jan
34%
19
109 74 Apr
t$6 preferred series A—.-_No par
85
72%
*89%
*87 74
;
*81%
6 Va
22% May
1
preferred
33
120
7%
~7%
conv
Corp
10
70
*113
*113
6%
Mead
33%
109
69%
70%
109
*108
20
2,100
1,100
Jan
18
Co__—
9%
72%
120
*119
120%
*119
Stores
McLellan
26 Va
100
Robbins Inc...
23 %
7%
24%
7%
*37
1
preferred—
15 74 %
72%
S%
7
7
11%
9%
85
16
11% Jan
11
32%
10
*9%
31%
31
30%
"81%
;v
12% Jan
18
,
Jan
17% May
3 Va Sep
Jun
107
13
11374
*111
9%
9
104
Oct
12%
7
32% Jun
Jan
1
8 % Jan
120
112%
Jun
7 %
1974 Jan
72%
*26
27
*26
27 %
31
31
38%
*37
10%
11374
85
4
par
52
Jan
11%
Apr
2
170% Jun
38 V4 Jan
McKesson &
9
*81%
2174 Feb
5
5
33 %
32%
10'4
9%
10
*26%
81%
*8174
7
——.
6,800
*111
10%
600
24
23 74
11274
9%;
10%
2% Jan
Mclntyre Porcupine Mines.
11374:
9%
2
McGraw-Hill. Pub Co——.—No par
McGraw Elec Co—
1,100
1,800
11
10%
*111
'
14%
23 %
112%
112%
Jan
3%
8%
27% Mar 26
Jan
.100
45
11274
23
2274
22%
*112
9%
9
73
*81 %
<
22 %
11274
27%
2
Jan
Nov
3
Jun
31% May
1
45
45
21% Jan
Jun
Dec
2
4% Jan
7
May 27
42
1
2%
15
7% Jun
5
11
37
.
14%
14%
44%
100
112%
27
*14
45
11374
9%
9%
9%
14%
44%
10%
*112
11374
*9%
14%
45%
21%
*112
*107
27
27
27
14%
24
par
McCrory Stores Corp——
5% conv preferred
113%
10%
10%
10%
*112
Corp
17%
16
*44%
112%
112%
Stores
17%
16
27
7
100
17%
111%
18V4 Jan
165
No
16
111%
18% Apr
153/4 Jun
-10
preferred
!
preferred
17%
111%
2
$6 1st cum
*106%
*10674
16
27
11274
$3
200
31
*3074
«. •
1,400
5
'
17%
*14
*112%
674
16%
Jan
100
111%
14%
22%
31
*30%
31
6%
6%
6%
6%
6%
30%
52
51%
*6%
9
par
preferred
7%
*171
*171.
5074
50'4
No
Wks
Alkali
5
Mar 24
974 Jan
Jan
Jan
May
2
374 Jan
474
% Mar
3 Va Jan
31% May
Jan
2% May
1174 May
19% Apr
22
27%
5
10
8
par
Deo
2% May 11
674 Jun
3
2
27
„.,_1
9% NOV
19
.6
874 Jun 11
1% Jan
par
V No
Co
23%
.
2
Apr
Mar 15
par
-No
Corp
Corp
Elec
17%
15%
27%
46
Master
23%
17%
*107
27%
2174
Masonite
400
29
*106%
17%
*14%
45
700
23%
3074
14%
22%
2,700
<
29%
6%
6%
27%
46%
«
Martin-Parry
Jan
320
674 Jan
Co_
23 %
49%
*30
*27
22%
6%
3974
(Glenn L)
29%
*171
111%
*46
Martin
6%
Jan
1374
24% Mar
1
Marshall Field & Co_i
5,600
23%
4974
*107
14%
6,300
'
30
*29
'
*17%
1
2074
*39
21%
—5
—No
Jan
3574 Jan
17%
14 74 Jan
preferred-.100
pr
23% Jan
131
6
1
Corp
6%
Dec
26% Deo
par
No
122
3
14% May 19
Mar 15
3% Jan
1
—
Midland
Market St Ry
22
320
15% Apr
6
17
24% Mar
4
Jun
Jun
May
25
Bros—
Marine
'Jan
18
—
15%
•
39%
14
—.
15
6%
6%
6%
38%
1874 Jun
10
29 74
*106%
*106%
*106'4
.
6%
38%
6%
39%
*171
*171
*171
19%
*6%
39
39
40
*38%
6%
6%
6%
6'4
19%
19%
19%
19%
37
-10
„
20
"
135
2
Maracaibo Oil Exploration.
3,610
'
17
Jan
Garden
8,900
17
5%
16'4
*39
Mandel
Jun
28
20'% Jan
—No par
Manhattan Shirt900
f
6
16%
5%
9,100
18%
274
'
Trucks
Magma
9%
*9
9%
1874
2%
874
7%
*18%
2 74
5%
5%
5%
320
8
8%
8
9%
2%
2%
*2%
2%
2%
*270
320
*270
<
320
*270
1874
*18%
18%
*18%
1874
*9
9%
*9
9%
*9
"18'4
18%
18%
18%
8%
7%
8
*13
13%
*13
320
*270
320
*270
320
*290
Inc
33%
29
135
10
No
33%
33%
32%
33%
33 Va
8
100
par
Forbes
&
preferred
6%
133
*125
133
*125
138
*132
'
57
May
Feb
Dec
69%
Jan
Apr
21
108%
Sep
11 Vb Jun
25
4%
Jan
6%
Nov
Feb
27
30%
Jun
39%
Feb
116
44
113
Dec
N
13%
1%
1%
13%
13
13%
*37%
*
38%
38%
*37%
1674
1%
*174
13
13%
*174
13%
1%
13%
13%
Nash-Kelvinator
42,300
*3774
38 %
37%
371/4
37
3774
200
16%
16%
16%
167a
1674
16%
16%
17%
2,800
National
Nat Automotive Fibres Inc
16%
16%
*9%
9%
9%
974
9%
9%
9%
9%
9%
9%
9%
974
11%
11%
11%
11%
11%
*11.74
1174
11%
1174
tNash Chatt
2,300
11'4
500
11%
6%
Co
Acme
conv
preferred
Aviation
11%
11%
11%
11%
1174
11%
11%
11%
11%
11%
11%
1174
1,700
National
20 34
21
20%
2074
20%
21
2074
21%
20%
21
2074
21%
8,800
National Biscuit Co
!166
171
*166
169
166
171
k166
171
*20
21
*20
21
*20
21
21
21
874
8%
8%
8%
874
25%
9
26%
26
2674
25%
25%
13%
13%
13%
19
19%
18%
10 >4
13%
1374
19
19%
12%
1374
*10
10%
1074
1074
32%
32%
32
32%
31%
32
*24'4
24%
24
*23%
24
10%
10 %
10
84
84
84
12%
13%
*13
10%
*10
9
25%
169
9
9
26%
13%
'
24%
%
19%
13%
*10
32%
13%
197s
13%
1,500
19%
10
84
83%
1774
17
17 Va
17%
171%
171%
171%
145 %
14674
*14574
16%
*171
172
146%
1374
1374
13%
13%
1374
10%
*10%
10%
100
321/4
3274
32%
33 %
5,000
*23%
24%
*23%
24%
*23%
24%
10%
10%
10%
1074
10 V2
6,800
83%
83%
83 %
83%
83%
84%
84%
140
1774
173
146%
146%
1774
173
*146%
17%
17%
174
174
149
146%
146%
171/4
1774
173%
17%".
173
1
174%
149
*145 •
310
*32%
33
6'A
13%
*2574
26%
71%
71%
80
*674
9
26%
80
72
13 V4
13%
13%
26
26%
72'A
*79
72
73 /*
72%
80
81
81%
674
'
6V4
i-
2,400
t7%
.
;
59%
6% « ■"
11,400
6074
:
1374
14
27
27
74'A
74%
81%
*26%
13%
27
■
81 Va
*
r
400
75%
;
81%
160
6V4
61/4
674
6'A
6'A
674
6
6%
6
6'A
2,700
9
8%
874
8%
9
874
9
8%
8% ?
874
8% (
2,600
13 V*
13 V*
13'A
22%
94
*89-i
94
50%
*50
5274
22%
22%
■
*110%
*11074
18%
1874
10074
40%
40%
17
15%
1474
15'A
10074
3274
31%
32%
17%
>
18 Va
18%
137a
13%
*13%
13 V4
22%
2274
*21%
23
*2174
23
*21%
90%
*90
94
91%
5274
51
51
5274
7
9174
52%:
*8974
94
*50
52%
90%
*51
*11074
—4.
32
32
'
15
18
15'A
18%
1574
18
13'A
.
*111
*111
32
13%
32
15 74
18%
3174
15
18
13%
13%
2,400
23
200
20
300
151/4
32
'151/4
18
18%
1C1
*10074
;
33
2,200
15%
4,600
2,200
18%
(The)
Pa
Newberry Co
Oct
Jan
4
21% Jun
24
12 Va
Apr
16%
Dec
3%
Jan
j28% May 27
4
14% May 10
par
1474 Jan
2
21
par
674 Jan
13
10
9% Mar 16
par
x25 74 Jan. 14
see
7% NOV
10% May 27
33% Jun
25
8
8% May
1774
9%
26
Sep
18
Nov
87
2
2
19% May 27
_100
100
160
Jan
13
174% Jun
25
145
May
168
Jan
6
14674 Jun
24
129
Mar
146
-—25
10
—40
100
100
137
'
——100
—10
Newport Industries1
N'port News Ship & Dr Dock
1
$5 conv preferred
No par
Dec
60
Jan
72
11%
Apr
16% Jan
Mar
Jan
Jan
May 27
Jan
4
29%
Apr
36
274 Jan
7% Jun
7
Jan
62% Jun
7
14% Jan
30% May
52
13
22
8
36
'
3Ve
54
Jan
Oct
Jan
Jun
1674
Feb
45% May
63
Feb
51
May
70
Feb
2% Mar
4
10% Apr
474 Oct
9 Va
Feb
1374 Jun
5% Mar
9 Va
Dec
28% Jun
57
Jan
Jan
88
2
80% Jun
62
Jun
7% May
2% Jan
37
Apr
6 Va
.15% May 28
5% Jan
6
1 Va
43% May
Nov
May
14 % Jan
Jan
9% Jan
Mining Corp
6 74
17% Mar
16;,
Jan
74% Jan
No par
Apr
Dec
1
(J J)
374
13%
——-No par
serial preferred—100
Nov
Apr
4
Jun
Dec
14 % Mar
Jan
23
May 29
4
9%
II
Jan
Oct
Dec
17
25
70% May
75%
Sep
52% Jun
25
28
Apr
39 %
Dec
112% Jan
30
104
Mar
110 Va
91% Jun
Jan
106% Mar 31
Dec
26% Jan
2
Apr
30%
Feb
7%
Apr
1) **
Jan
12
37% Apr
8
1674 May 29
22%
10% Jan
Dec
7-
Jan
2
1574
2a
1774 Jan
21 % Mar 30
93 %
Dec
Jan
7
6
109 Va
95% Jan
23 74 May
32 %
Feb
12%
Oct
39'A
39'A
391/4
39%
1,200
New
York Atr Brake
No par
27% Jan
1774
17%
17%
"17V4
17%
17%
17%
31,100
New
York Central
No par
1074 Jan
Jan
14
*100%
2423.
4%
70 % Jan
40
page
14% May 26
9%
4
'
For footnotes
15% Aug
11% Jun
102
*1674
May 27
Apr
12
-No par
;
Dec
12%
15
39
17
574 Nov
20
Sep
Jan
6
39
16'A
Jan
674
17% Jan
par
101
200
11
2574 Jun
39
101
7
4
101
*10074
Jun
5
974 Jan
101
39
10
5% Jan
18% Jan
39
*100%
Oct
17
—No par
preferred series A
Newmont
9%
Jan
.
—
Nelsner Bros Inc
conv
6V4 May
4
16%
*,—4
preferred
Nchi Corp..
4% %
13% May
166%
No par
Natomas Co
.
7
May
No par
preferred
prior
8 Va Jan
15% Jan.
—10
National Tea Co
5%
*111
32
conv
t6%
Dec
Jan
May
;
t5%% prior preferred
2,970
:
Nov
8%
5%
13
—
National Power & Lt
I $2
5%
1174 May 20
140
1
Si'l Cast Co
National Supply
7,600
7
10% May 20
3
3
National Steel Corp
4,400
Oct
2
8% Feb
24
preferred—'—No par
preferred A
preferred B
Nat.Mall &
19%
5% Jan
13 Va May
3
Apr
Apr
National Oil Products Co
300
32%'
t6%
1
Jun
National Lead Co
.
1974 Apr
22
Gypsum Co_.
$4.50 conv
4
173
'
60
6%
"89
15'A
13%
32%
32%
674
80
71
80
I
26
26
71%
*32%
58%
674
National
20
"•
2OV4
20
19%
1
6%
12%
80
„
32%
19%
58%
13%
*26»A
'
32%
1974
6'A
58
12%
J
1974
58 %
6%
57%
*13%
*3274
33
674
58%
6 Va
*22 74
50%
19%
58
58%
1374
19'A
*32%
33
x33
6%
58%
19%
19%
19%
-
Stamping
Nat Enam &
7,200
.
'
preferred——
6%
Nov
15% Jan
2
No
—No
,'i
No.
No
Nat Distillers Prod
100
10%
f
29%
1
Cylinder Gas Co
Dairy Products
1,800
1374
13%
*10%
Oct
16% May
10
National Dept Stores
10%
7
29
No par
Cash Register
Nat
13%
7
40% Apr
7
National
32%
3% July
15 Vb Jun
2
No par
Corp
7,300
20
1974
19%
'
*19%
Nat
10%
10 %
•
13%
Dec
Jan
2
Jan
National Can Corp
4,400
2674
2574
&
I
3%
11
18
1
100
Share
Nat
2,800
9
9
9
25%
25%
Bond
174 Feb
Jun
6% Jan
23 % Jan
162
preferred
7%
1.000
21%
2174
21%
100
171
*167
169
21%
Corp—
"
13%
*
100
1
1
10
5
—10
& St Louis
38%
*37%
16%
*11
No par
5
Corp
102
May
44% May 29
12
20
May
5
6^4 Jun
THE COMMERCIAL & FINANCIAL CHRONICLE
2420
RECORD
NEW YORK STOCK
Monday
;
$ per share
SALE
June 22
per share
$
$ per share
22
22%
21%
23%
21s/8
20%
21%
57%
56%
57%
56%
60%
59%
22%
21%
21%
*20%
21%
*21%
10 %
11%.
*10%
11%
*10'A
26%
*24
26%
*23
♦10'A
11 %
*23%
26
*
*24
■
118%
119%
119%
119 %
49%
48%
49
1
3%
3
3%
61
11%
*10%
11%
*10%
22%
11%
26%
*24%
26%
*24'A
119%
1
1%
1
3%
3%
3%
33/8
33/3
nil
21%
*{'J
%
%
22%
22%
21%
*36%
36%
*36%
36%
36%
179%
179%
180%
180%
179%
180
181
181
*116%
118
116%
116%
*117
118
*116%
15
15
14%
14%
55%
55%
*55%
*19%
33/3
5,200
1,500
i 2,400
U
*}i
%
21%
21%
21%
36%
500
180%
181%
180
181%
1,050
*116%
117%
*1116%
117%
10
36
36
36%
14%
14%
15
14%
15
14'%
15%
16,700
56
55%
55%
55%
55%
5555%
11%
11%
11%
11%
11%
11%
55
11%
7,300
100%
*100%
100%
100 %
100%
100%
100%
60
14%
14%
15%
15%
15%
15%
15%
15%
115%
115%
*115%
115%
115%
115%
*115 %
54%
54%
.
15
115%
54%
*54%
54"%
54%
Dec
16%
Dec
7
120
Jun
4
Dec
110
Jan
22
118
Jun
11
80
May
109
28% Jan
6
53% Jun
10
23%
Dec
54
130
Jan
2
2% Mar
1
A
Jan
Jftf
1% Jan
4
6
Mar
1
%
Jan
IN Y Ontario & Western—
100
VV Jan
4
1% Mar
3
%
Jan
%
Oct
N Y Shipblrig Corp part stk
1
20% Jan
14
26% May
7
Jun
30%
Jan
23%
Dec
preferred
non-cum
—_S0
Noblttt-Sparks Indus Inc.
fNorfolk & Western Ry
tAdjust 4% preferred
5
5
101
23
Jan
37
5
Jun
60%
19
8
lp% Apr
Feb
Feb
Jan
j! Oct
2%
183% May 19
143
Mar
192
Jan
5
118
108
Mar
116%
Sep
y% Jan
7
16% May 10
6% Mar
11%
Nov
50
prefei red series
5%% preferred series
6%
2
113
10
North American Co
162% Jan
100
49% Jan
5
56% Jun
52%
Jan
53
Jan
7
4
39
8
39
Apr
Jan
9%
Dec
14
Apr
96
16,500
100
7% Jan
2
4%
Jan
8%
115%
250
tNor States Pow $5 pfd
JVo par
2
100
Apr
110%
Northwest
JVo
107
Jan
16% Jan
18% May 6
115% Jun 21
19
20% May 12
8
Apr
17%
19'A
19 %
1,500
36%
36%
5%
220
5%
*'39
1,300
40
*39
40
40
40
40%
*11%
11%
11%
11%
11%
11%
11%
11%
11%
11%
600
17%
18%
17%
17%
17%
18%
18
18%
18%
18%
18%
18%
12,100
47%
47%
47%
47%
47%
48%
47%
48
48%
48%
48%
3,100
6%
7
7
7
7
3,800
North American-Aviation
Air
Northwestern
Lines
par
Telegraph
50
Norwalk Tire & Rubber
10
11%
50
Jun
85%
19%
Sep
100
8
36%
5%
22
25
36%
40%
Jan
6%
4
May
12% Apr
Feb
15%
14% Apr
*19%
5%
Apr
17% Feb
51
100% Jun
19%
*39
27
v
5
36%
5%
2
16% Jan
63% Jan
Dec
10% Jan
6
19%
40%
12
11% Jua
35
2
36
5%
4
May 22
Apr 26
9% Jan
19%
*39
26
48% Jan
36
5%
5
.
91% Jan
19%
*5%
y
24% May 20
64% May 20
14% Jan
fi% Jan
Highest
$ per share
1
36
5%
tl
Jan 27
31% Jan 27
$ per share
50
19%
5%
$ per share
$ per share
1942
Lowest
Northern Central Ry Co
Northern Pacific Ry
11%
*39
Year
Highest
100
10%
1,900
38%
*36
5%
55
55
100
No par
—No par
No par
—50
'
tN Y Lack & West Ry Co
IN Y N H & Hartford
Conv preferred
>
900
11%
19%
38%
5%
36%
21
10,100
33/3
t
1%
115%
19%
*36
22
1%
14%
115%
115%
640
*100%
*100
15
14%
590
6% preferred series A
N Y C Omnibus Corp
New York Dock™
5% preferred—
N Y & Harlem RR Co
—
50
11%
11%
12
100%
120
126
100%
54%
55
11%
U
H
36%
36%
14%
55%
IS
—
49
l %
%
—
119
49%
22%
*54%
126
49
Lowest
N Y Chic & 8t. Louis Co«.-.w..100
2,500
*115
119%
"115
49%
Range Since January 1
Par
13,200
200
26%
126
49%
Range for Previous
NEW YORK STOCK
EXCHANGE
Shares
22%
22%
-60
*22%
•100
22%
59%
*21%
3%
*55%
*22
S per share
60%
3%
118
$ per share
22
119
1%
Sales for
the Week
*21%
119
126
49
61%
<22
*115
118%
117%
*115
126
*118
126
49 %
49%
1%
*118
June 24
S per share
21%
♦21%
Friday
June 25
Thursday
'June 23
57
'
STOCKS
PRICES
Wednesday
Tuesday
June 21
Saturday
June 11) ;
HIGH
AND
LOW
Monday, June 28, 1943
No par
Preferred
50
Norwich Pharmacal Co
36
Jan
56
40
x3% Jan
14
Jan
15
8% Jan
6
Feb
15
5% Jun
6
31
2.50
Jun
7
Apr
31% Apr
(
1
Feb
7% Sep
Jan
38
Jan
20
45
Apr
7
12% Mar 25
Jan
Nov
Sep
Dec
Mar
3%
Dec
34
Oct
10%
Jan
O
a 7
7
86%
*84%
*84'A
86%
19%
20%
9%
*8%
20'A
86
86%
*84%
*8%
9
9
*20
7
6%
7
6%
•
*8%
9
19%
19%
19%
150
86
9
150
*149%
19%
150
*33%
36
*33%
'*56
59
*56
61
61
-149%
150
36%
*33%
36
*33%
36%
59
*149%
*56
58%
*57
59
150
60%
60%
11%
11%
6%
*86
88%
*8%
19%
*86
88%
30
9
9%
400
9
Oil Co
No
par
11% Jan
13
No par
29% Jan
6
—6
Oliver Farm Equip
Omnibus Corp (The)
3% Jan
2
8 %
No par
3% Jan
2
No par
15% Jan
142
Jan
5
151
—5
28% Jan
15
par
46
Jan
54% Jan
19%
20
2,700
149%
150
300
*33%
36
*33%
36
Outboard Marine & Mfg
*57%
59
*57%
59%
toutlet Co
62
62
62%
62%
62%
5,100
11%
11%
11%
11%
12%
12%
12%
1,900
6%
preferred———100
JVo
J,
Owens-Illinois
Glass
12.50
Go
69
Jan
6%
8
10
2
90
Mar
4
10% Jun
7
21% Jun
8
59
2
Dec
6%
Jan
Jan
2% Apr
11% Mar
Mar 19
132
38
Apr
xl6%
22
58
Apr 24
12
62% Jun 25
8
12%
30%
Jan
2%
Apr
Jan
17
8% May 22
Otis Elevator—
100
20
61%
19% May
50'A Jun
preferred A
Oppenheim Collins-—
,
150
150
61%
60%
*11%
48
Ohio
Deo
79
Jan
4%
Jun
17%
Dec
Mar
143%
Apr
27%
42
Jun
48
43'A
Apr
57%
Dec
8%
Jan
Sep
Dec
Mar
P
*11%
11%
10%
10%
*42
46
*21%
22%
15%
*15
10 Va
10
21%
21%
21%
*15
16
*15
10%
*42
46
*42
•
10%
10%
*42
46
21%
21%
*15
15%
10%
46
22
15%
*10%
*42
11
46
21%
*15
21%
17
28%
42
28%
28%
28%
28%
28%
28%
28%
28%
42
28%
41
41%
41
41
42%
42%
41%
42
115%
*151
151%
115%
115%
151
151%
152
*9%
10%
35'A
35%
110%
♦110%
3%
110%
17
*16%
*10
10%
*10
110
110%
110
3%
28%
28%
*23%
24%
57%
*56%
3%
41
3%
3%
40
41
92
7%
3%
7%
400
7%
*5
5%
5
1,600
Parmelee Transportation
No par
3.900
Patino Mines & Enterprises
Penick & Ford-
No
92%
9.3%
94
95%
7%
7%
3%
3%
3%
42'/a
42%
*16%
17
200
3,500
*16%
1,600
Penn
3%
3%
2,200
Penn-Dixie
1,100
17
108%
28%
29%
*23%
24 %
*23%
24%
*23%
24%
*23%
24%
56%
56%
57
57%
57 %
57%
57%
6
*5%
*5%
5%
100
44
10,200
14%
600
1,200
42%
14
14
13%
13%
13%
*5%
13%
42%
*13%
42%
14
42%
*14
6
42%
14%
42%
14%
*50
53
*50%
53
52
52
52 3A
54
53%
53%
*53%"
54%
*34
36
*34
37
*34
36
35%
36
36%
36%
*35
37
*24%
25%
*24 %
25%
*24'A
25%
25%
25%
*24%
25%
*24%
25%
8%
8%
8%
8%
8%
8%
8%
8%
*8%
7%
7%
7%
*7%
1,100
7%
*7%
7%
8
400
100
9
9
9
1.200
7%
7%
8
8
2.300
10.80J
23%
24
23%
24
23%
24
23%
24%
23%
24%
24%
25
45%
46
45%
46 %
46 %
47
47%
49%
48%
48%
48%
48%
84%
84%
86
86 %
1,310
87
87
87%
*86%
24%
24%
23%
24%
23%
24%
24%
25%
24%
24%
24%
24%
*87%
88%
X87%
87%
87%
87%
87%
88
87%
87%
87%
88
1,400
110%
110%
110
110
160
*113
115
30
84%
*84
*84
110%
*110
115 %
*110
110%
*110
110%
110%
110%
115%
*113
116%
*114
114%
114%
114 %
10
10
s>q
95
*90
*9%
11
*90
95
49%
49
5%
5%
90
*87
24%
24
*98%
120
6%
6%
54
*53
*5%
23%
*98%
87
23%
52
*9%
*90
49%
49%
6
*5%
87
*84%
23%
23%
120
*98%
6
6%
52
53
52
*7%
8
8
*75
11
95
6
6
8%
23%
*98 %
120
6
49%
*5%
6
90
*87
78%
♦8
*90
49 %
49
52
*113
115
11
*10%
95
*90
49%
11
11
95
*90
44,580
300
11
95
—
49%
49%
49%
49%
9,300
6
*5%
5%
*5%
5%
100
87
*84%
23%
87
87
23%
24
■24%
*98%
120
*98%
6%
5%
6
*5%
53%
49%
120
51
7%
7%
8
8
75%
8
420
88
75'A
75
75
49
8
87
24%
30
Coke
13%
13%
78%
*13%
13%
*75
*13%
78%
14
13%
13%
*158
175
*158
175
*158
175
*158
175
180
180
*180
181%
*180%
181%
*180'A
181%
6
6%
5%
6
5%
6
8%
8 Vo
8%
8%
8%
6%
6%
8'A
8%
*8%
*80
95
*47
48
46
47
*66
68
66%
67
*80
95
*88
*88
95
95
*13%
14
*70%
2,300
50
1,700
8
700
78
60
13%
13%
*158
175
*158
itsO
*lbU%
400
175
180
iaJ
6
*88
x6
6%
6,800
9%
9
9%
800
14%
*13%
13%
*161%
170
*161%
'*4%
5
4%
*52%
53
*45
46
98
*88
13%
4%
53%
*51
4
*51
4%
100
-
2,100
14% %
200
55%
54%
£4%
54%
54%
86%
85%
85 %
14%
86%
14%
86
143/s
14%
86%
14%
Class
A
120%
♦118%
119%
35%
35%
*119
35%
120
36%
*119
36%
120
38%
Dec
79
106
Apr
20
14
98
May
109% Jan
7
111
Jun
117% Jun
4
103
Jun
6
65
Ve May
May
80
oct
30
Apr
46
Dec
par
7% Feb 17
79% Jan
Jan
3% Jan
44
70
560
•
40
16,700
12
Jan 29
92% May 18
5
50
Apr 26
7% May 3
20
16
90
8
6
5
Jan
25
59
Jan
14
1
9% Feb
Jun
26
May
14
7
102
Jan
8
7% May 20
59
May 3
Mar 30
9
77% Jun
15% May
4
5
7
1%
43
15%
3
Feb
May
110
9
3%
65
Oct
Sep
38%
68
Apr
6%
170
Jan
9
170
Jan
9
165
Feb
165
100
175
Jan
21
181
May 20
165
May
175
class
class
Oct
Jan
Jan
10% Nov
100
conv
Nov
"4%
Apr
4% July
Dec
4
Dec
May
;
G% Jun
7
10% May 11
88
May 19
Jan
19%
56%
3%
Nov
Jan
26%
7%
Dec
107% Mar
Ry Co
Feb
Feb
Dec
5%
Jan
May
6%
Jan
47%
Apr
62
Oct
100
24
Jan
13
52% May 12
20
Jun
33%
Jan
100
B
66
Jan
4
75
Mar 31
167/8 Mar 29
58
Jun
70
Feb
162
May 18
5% May 29
153
100
A
pfd
pr
597% Jan
5
100
7% Jan
2
pfd—100
150% Jan
4
1
1% Jan
.
8
6%
Jun
July
10%
153
Jan
July
1
46% Jun
14
Creek
5
Pocahontas
No
Teleg Inc preferred
par
No
& Co class B
par
No par
Pressed Steel Car Co Inc
5% conv 1st preferred
5%
Procter
5%
2d
conv
&
pfd
of Feb 1
16% Jun
6% Jan
21;,
Jun
14%
5
15%
Jun
18%
Oct
13
7
11%
23% Apr
18
Jan
1
3 % May
5%
Jan
3
9%
Jun
22% Mar
13% May 29
6 ;
5%
Jan
Jun
6% July
21
8%
Jan
Sep
Jan
6% Jan
14
Jun
4
8%
Jan
24% Jan
4
40% Jun
3
22%
Jun
29%
Jan
par
48% Jan
4
57% Jun
8
42
Feb
52%
100
114% Apr
7
Feb
11% Jan
6
17% Apr
13
5
21
14% Jun
22
88% May
'29)
13% Jun
preferred
prnfprmd
Jan
5
No
Pub Serv Corp of N J
When
distributed
t$5
4
No par
Gamble
1 ser
.1
18
21% May 12
50
preferred
120
119%
119
xl4%
61% Jun
119%
120
Jan
Jun
Apr
2
120
120
119
35%
76%
7%
55%
30
119%
120
118%
Apr
1
3
No par
preferred
35%
Jan
26% Jun
No par
preferred
118%
Dec
90'A Jun
28
t6%
120
49
6
14
Jan
t7%
1,090
7%
20
Jan
700
36%
68% Jan
23
14"% Jan
1,020
120%
Jan
20
101
118%
37
29
108
36 %
Jan
100
100%
86%
Oct
D^c
19%
8
100
107%
86%
Jun
26% May
preferred
100%
86%
4
2%
30
Feb
Class B preferred
Plymouth Oil Co
108%
*117%
Corp
Pitts Young & Ash Ry 7%
Co. (The)
100%
85%
Dec
Jan
Feb
100
No
Pittsburgh & West Va
107%
*120
•
47%
Apr
%
15% Mar
13% Jan
No par
Pittston
86%
101
108
2423.
ser
108'A
1C0%
107%
page
6.65C
1st
100%
101
108%
footnotes see
14%
36
Jan
4
85%
100'A
108 %
For
14%
60
9,400
Jan
71
100
100%
100%
108%
35%
14%
123
23 %
100
Flour Mills
•107%
100%
*107%
35%
14%
3,500
Feb
Nov
16% July
51%
13
13,500
300
Aug
25%
29%
Jan
12%
12%
15
108%
Jan
Apr
4% Jan
Postal
38
May
May
18%
May
4
4,100
11%
11
104
18
par
17%
37%
Jan
36
par
17
*12%
Jan
41% May 20
No
17
11%
Sep
2
44
18
Pittsburgh Steel Co
16/8
12%
4
Jan
27
No
12
38
Apr
Jun
1%
16% May 18
58% May 20
Pitts Screw & Bolt
16%
*11%
11
1%
32
10
series
preferred
16%
*35
13%
7 %
16%
14%
6
Pittsburgh Forgings Co
16%
14%
6% May 23
45% May 7
34% Jan
11%
*121
6
__100
11%
14%
28%Jarf
100
,
16%
123
58% Jun
9
1
100
$5 conv preferred
Poor
14%
46% Jan
1% Feb
9
J-100
5
Pitts Coke & Iron
Pond
*121
9
100
400
14%
17% Feb
Pittsburgh Coal of Pa
6% preferred.
6,000
123
5
8
11%
14%
2"
4
21%
123
23% Jan
3
Mar 26
17% Mar 26
109% May 5
32% Apr
5
24% Jun
4
18
11
14%
50
Mar
3% Mar 26
6
Jan
21%
123
18
18% Jan
11
14%
100
No par
102
Jan
3% Feb
22
122%
44
25
%
*120% 123
15
l"4%
9
6
4
100
10%
12%
15%
6
1% Jan
33 % Jan
13'A Jan
108% Jun
Preferred
11%
37%
122
3% Jan
par
Hosiery
Pillsbury
22
11%
15
Dec
series
Pnoenix
11%
*35%
*120
82
10
Phillips Jones Corp
7% preferred—
Phillips Petroleum
22
54%
56% May
100
tPreferred 4%%
10%
55
25
87% Jun 24
22
55
95 % Jun
2
10%
55%
11
Philip Morris & Co Ltd
21%
*11%
56
Jan
Jan
11%
11%
56
Dec
80
40%
22%
11%
Oct
60
Apr
70
11%
Nov
29%
Apr
28%
1,200
36%
1"%
Jan
49 % Jun
53
11%
A Mar
6% May 22
29
4
20%
*34%
Dec
17% Mar
Jan
43%
12
Jan
29%
32%
20%
38
2%
Apr
13'A Aug
Dec
*52
11%
Jan
8
May 20
19% May 22
22
*42
*11
1%
19%
2% Apr
32
29% Mar 29
53 %
*35
11%
Jan
23% Jun
20%
12%
Oct
17
Phelps-Dodge
Corp
25
t Philadelphia Co 6% preferred
50
t$6 preferred
No par
Philco
Corp—
3
43
38%
11%
17%
Oct
6%
52%
*37
Apr
14%
27%
20
*11%
11%
Nov
Apr
43
16 %
25
101
Jun
19%
*?1
28 % Jun
30% May 27
Dec
Mar
Mar
52%
10%
90
4
44
22 %
18
5
19%
23
Oct
105% Jun
38
4
52%
*22%
Dec
2%
Apr
2
44
90
106%
Jan
20%
Jun
20
20
Sep
1
11
Jun
52%
44
45
19%
101
Jun
8
44
45
20
Jan
10
preferred
14%
8%
4
preferred
170
Dec
12
15
5%
4%
17
6%
3% May 19
Feb 20
7%
*13%
2
Oct
5% Jan
5%%
*162
Dec
6% Jan
530
14%
27
13%
23
210
170
Oct
11% Apr
^
5
48%
4%
3
par
68
*13%
9
Jan
45
1% Jan
5
23
Jan 12
No par
47
*162
Jan
1%
44
Petroleum Corp of America
Pfeiffer Brewing Co
—No
68
4%
4
5%
8
25
4
No par
Pet Milk Co
46%
14%
Nov
1 % Mar
6
Apr
112% Apr
12
Jan
68
170
Nov
10% Jun
2
Jan
Jan
148%
37% Jun
2
Jan
19
46%
4%
2
101
Apr
6% May 10
5
35% Jan 12
100
Jan 22
100
68
*13%
105% Jan
Oct
Apr
121
17% Apr
23% Jan 20
7% Jan 16
100
47
*162
2
19
74
8
6
preferred
67%
4%
4
13%
24
Jun
May
2
Jan
2% Jan
5% prior preferred
46%
14%
3% Jan
9
5%
67%
98
28% May 24
116
156
5
5% Jan
34% Feb
68
170
2
May
60% Mar
Pere Marquette Ry Co
*19%
46%
19%
*11% >11%
16%
16 %
*13%
*162
170
Jan
Jan
14
preferred—
Pennsylvania RR
Peoples Drug Stores Inc
Peoples G L & C C (Chic)
tPeoria & Eastern Ry Co
Pepsi-Cola Co
46%
.
*66%
19
91% Jan 25
148
Jun
No
Pitts Ft Way & Chic
50
6%
*8%
Nov
55
Corp
Cement
$7 conv pref ser A
'
*75;
Nov
Pitts C C & St Louis Ry Co
1,400
120
5%
Nov
24%
par
5%
17,200
21
34
No par
Co
Penn G1 Sand Corp
*106%
28%
5%
Coal &
7%
42%
7%
42
108%
42
(J C)
Penney
—_10
Jan
Apr
Jan
7
56
7
Apr
7
25%
Oct
15%
2
5
16
22%
1 % Jan
56
Apr
23
16
25%
Oct
9%
11
27% Jan
56%
Oct
25%
20
par
2.50
24%
28%
*5%
JVo
6%
Apr
42'% Jun
4
1
Co
Apr
16
25 % May 20
17% Jan 22
24%
*106%
41%
&
4%
16% Jan
29% Jun
Jan
15% Jan
*54%
41%
17
Davis
Parker Rust Proof Co
6% Mar
29
10
Mar 15
23'A Jan
5
1
Parke
Mar 25
13% Apr
33
1
Park Utah Consol Mines—
28%
5 %
Inc
900
28%
42%
Pictures
Tllford Inc
&
3,200
*106%
5%
Park
2,800
2
28%
28
Paramount
2
3%
*16%
37,100
30%
par
100
17%
41%
17
28%
56%
24%
57
57
7%
41
27
*30
preferred
conv
-31%
5
2
4%
_
No
13
50% May 20
_1
Inc
17%
91%
3%
2
31%
—
Cos
31%
92%
,
27
rf-
Paraffine
18
92
41%
6
*105
Panhandle Prod & Ref__;
31%
55
42%
*5%
600
18
25%
*106%
6,200
31%
55
*16%
17
28%
*23%
5
5
2
24%
7%
3%
41%
18%
25
3%
3%
41%
.—5
Pan-Amer Petrol & Transp
5
tPanhandle East P L 5.60% pfd_100
2
5
23% Jan
5
14 'A Jan 13
1
Airways Corp
31%
55
24%
3%
26
2
380
41%
*30
31%
10%
110
3%
30%
*18
18%
*10
109%
*4U*/2
26%
*54
41
40
16 %
31
110
*105
92
55%
10%
26
30%
2
25%
28
3%
40
*10
*109%
*30
26
31
*4%
10%
110
*105
2
*17%
5%
5
25%
*30
24%
*
10
No par
Western Oil
Pan American
*108%
*108%
Corp
Packard Motor Car—-—
14,500
*54%
7%
Corp
Pacific
37%
110%
par
—100
——100
Pacific Tin Consol'd
35%
2
3%
300
35%
18
40
10,900
35%
31%
40
5%
15
25
par
No
35%
2
3%
3%
5%
*14%
_10
No
tPacific Telep & Teleg
t6% preferred—
35%
17%
8
*7%
40
150
35%
*105
92
Mills
140
152
35%
31
92%.
91%
Pacific
1,200
115%
(Cal)
Electric
&
34%
30
25%
Ltg Corp
15,800
25%
56
Gas
4%
30
5%
*5%
Finance Corp
Pacific
4%
18%
25%
Pacific
Pacific
4%
31%
*55
5%
15
No par
No par
900
"
4%
25%
2
2
31%
*18
115%
*151'A
5%
26
25%
116
152
*14%
42
preferred
preferred
2d
7% Jan
6% Jan
10
3,500
28%
B
Co
Coast
4%
41
41
5%
15
28%
115%
530
17
*14%
*41%
*151'A
1st
4%
31
*30
5%
*14
25%
22
Pacific
4%
26%
25 %
,
14
25%
22
660
— —
4%
*105
♦105
1 5%
152
11
46
4%
3%
42'A
25%
115%
*151%
10%
*10
3%
42*4
5%
14
14
4%
4%
35%
5%
5%
14
15
4%
25%
115%
25%
25'A
115%
150%
5%
5%
*14
*25
25
*115
26
*25%
*115
11
*42
Pacific Amer Fisheries Inc
'
13
123
115,
Feb
9% Jun
122
14%
Oct
Oct
Jan
75% Jap
20
6
62
Mar
86%
Jan
85% Jan
2
101% Apr
6
73 % Mar
x99 %
Jan
100
^
par
100
96% Jan
4
110% Apr
5
79% Mar
111
Jan
joo
No
—;
109% Jan
4
126% Apr
6
99
Mar
123
4
119
Mar 30
38% Jun
4
111% Mar
116
tPub Ser El & Gas pfd $5
No par
Pullman Inc
No par
115% Jun
26% Jan
2
20% July
28%
Jan
Oct
Nov
THE COMMERCIAL & FINANCIAL CHRONICI E
Number 4189
Volume 157
RECORD
NEW YORK STOCK
LOW
June
June 21
19/
June 24
•
$ per
share
$'per
$ per, share
share
102%
17 y8
17%
17
1774
1774
108
108%
108%
*108
1097a
1097a
1097a
102%
102%
102%'
102%
102%
10274
10274
*1027a
20 7a
102%
17
16%
*13
13 ¥4
20 %
20
20%
20 '/a
20 %
*13
133/4
*13
133/4
*13 7a
133/4
20
21
•
1
•
>
10%
10%
10a/4
10%
11
1074
11%
10%
11%
6872
687a
687a
687a
68 ¥4
697a
70
693/4
107/8
70%
P1003/4
101
101
9
8¥a
95
9572
94
2872
*28
28%
14 ¥a
*293/8
297/a
*18 3/4
19
133/4
14%
14
14¥a
30
18%
29%
18
1874
33
*32 ¥a
33
*28 7a
,29 7a
*28%
29¥a
*287a
5%
4%
47/a
4%
33
76
*6074
62
10
*18%
19%
173/4
167/8
*763/4
77%
*54
55
*9
*98 7a
100
273/4
2874
14¥a
14%
15
297/a
297a
29%
29%
183/4
183/4
19
*32
333/4
333/4
297a
*28 7a
29%
*28 7a
*43/4
57a
5
*75
76
59
587a
10
*9 7a
ID
*1874
19
177/a
173/4
18
173/4
18
76%
777a
*767a
77
76%
767a
55
*9
*8%
9%
16 ¥4
17¥a
17¥a
18
17%
987a
100
987a
*987a
100
*98 7a
97a
*8074
81%
80 74
80 %
*8072
8%
77/a
8 74
8 74
8%
*88
89
*88
89
89
89
67
67
66
66
65
66
12%
907a
9072
12 74
113/4
11 ¥4
113/4
887a
887a
887a
1072
103/i
10 3A
103/4
30 3/4
307a
36
10 3/a
10¥a
10 %
*15
16
15%
*36
38
107/a
130
11
1,600
31
38
31%
7,800
387a
130
11%
4,200
*15
31%
157a
100
Ritter
300
Roan
103/8
10¥a
10 ¥s
11
*1474
157a
1572
15%
8 7a
87a
*24%
25%
*24 7a
25
25
24 5/a
26
26
263/8
263/s
267a
17%
*16 ¥4
177a
16 3/4
177a
177a
173/a
177a
1774
17%
173/4
49%
*48
483/4
483/4
40
327a
327a
*33
33%
*24¥a
•
'
87a
87a
*49
49%
.49
49
49
49
*32%
32%
32%
32%
32%
327a
%
%
¥a
¥a
1%
1 %
*73/4
87a
it)
1%
1%
1%
1%
7%
*6%
7%
*6 7a
7%
*6 7a
7%
9
*7
9
*7%
87a
*7 7a
9%
41%
41%
41%
41 ¥4
417a
*48
111%
111%
111%
1117a
1117a
9%
9-%
9%
10
9%
33%
33%
33%
,34
33 74
*104%
*40%
105
41-%
104%
104%
*104
42%
*40%
*4074
105
4074
4074
42%
*114
*114
115
*114
115
*114
115
*110%
113
*110%
113
*110 ¥4
113
*11074
113
1
1%
1
1%
2%
2%
2%
2%
2%
2%
23%
23%
23 %
23 Va
*23%
3474
4
5,400
2,800
67c preferred
tSt Louis Southwestern—
57c preferred
6 78
7%
*6 7a
7%
9%
*7 7a
9%;
417a
4174
111%
11172
974
10 7a
97a
34
3374
105
"1037a
34
*4072 -42%
*41
115
114
*110%
115
17a
1
2¥a
272
24
*110%
114
1
24
272
2374
24
3 ¥4
—
200
10
3,500
347a
2,600
1047aJ
200
427a
200
114
40
;
3 Va
37a
37a
37a
3%
76 ¥4
77%
7774
7874
78
15%
15%
15¥a
15 ¥a
15%
15%
15
14%
14%
*14 7a
14 ¥4
15
15%
15%
1574
1572
1674
68%
*67 ¥4
6874
68
6874
68
68%
68%
68¥4
370
147a
6,500
6974
200
13%
*69 7a
14
147a
1474
69%
*6772
69%
9%
10
10%
10
10
44%
*43
45
26%
26%
26%
26 %
3%
3%
1%
107a
10%
107a
38¥a
38%
3 8 ¥4
39%
*1
25%
26
*25%
10%
10%
*38%
26
l¥a
*1
1%
26
25 ¥4
25 ¥1
26
26
*25%
37a
26
*25 7a
26 ¥4
107a
*3874
111%
113
113
111
111
*111 •
113
*111
114
4
4
2672
26¥a
*1
l¥a
*1
*25%
*2572
26
10 ¥4
397a
10¥4
39%
10%
3974
1117a
112
277a
27
4
*26
10%
1074
*111
113
113
10 7t
44
3 8 ¥4
112
111
10
44
1%
*1
1%
257a
1074
43
267a
26 7a
2674
107a
4
4
4
14%
*67
43
2674
2674
26%
x39%
113
33 74
3474
34
34
347a
34%
*24'/a
24
247a
24
2472
24
24
32%
32%
32
32%
32%
33 %
337a
337a
32 ¥4
33%
13%
13%
12%
13%
13
13%
13 74
137a
13
149%
*144
22%
13
*25
26
27%
2774
27%
2,300
*146
149%
433/i
42 ¥4 ¥433/4
59
587a
115
257/s
112
54
*28
2974
29
29%
30
40
*58%
6%
6%
487a
497a
35
*115
*115
115 ¥4
*114
1
1147a
1153/4
36%
115
11472
1147a
77a
77a
7%
1127a
1127a
111%
1%
17a
17a
37a
3
3
58 5/8
5974
6 3/4
>
63/4
493/4
49%
36%
36 3/4
*115
1173/4
417B
17a
3
23
23
2374
23%
*237a
•28%
28
28
2874
287a
2872
*65
--
1153/4
1153/4
7%
7%
*111%
115
II53/4
30
77/a
28,000
1%
374
17a
3
i
115
300
174
8,700
37a
7,500
237a
24
24
29
2872
29%
900
3,700
3774
377a
387a
38
3874
37¥4
38¥a
15,800
34%
34%
347a
3474
3472
35
34¥4
357a
15,200
56%
56%
55%
56%
55%
5674
5674
5674
56%
57
43%
43%
*42 7a
43%
43%
437a
4374
43%
43%
4374
57
*4272
5772
15,200
4374
900
8%
8%
8¥a
8%
8¥a
87a
87a
87a
8%
8%
87a
*29%
30%
*295/a
30%
30%
3074
3074
3074
297a
30
307t
3074
1,000
60%
60%
607a
61
59 %
61
60
60%
5B72
60
60
6072
2,500
13
13
1274
13
1274
127a
137a
137a
13%
13%
1372
137a
3,100
107*
9%
10%
10%;
1072
10%
1274
12
974
107a
9%
9%
1174
117a
9%
97a
12%
11%
12
547a
547a
55
55
1287a
*126
128
128%
*126
5%
*19%
3%
*74%
*126
5%
20
3%
76
57a
"
107a
97a
12
128
6 '
574
57a
5%
19%
18%
3%
3%
3%
37a
74%
747a
67a
3%
*747a
;
75
2774 7 28
277a
19
297a
30%
*29%
*11%
12%
*11%
12%
*11%
,127a
26%
26%
267+
26%
257a
2674
257a
For
footnotes
see
307a
page
2423.
30
30
6
54
126 ■;
67a
19%
19%
3%
3 3/8
*74%
767a
75
29%
*11%
j
53%
126
9¥a
12%
37a
28 ¥4
29
*29%
974
87a
19%
19
*28%
•:
547a
547a
*126
1874
75 :/>
32 74 Jun
—10
343/a Feb
4
3872 Jun
313/4
73/8
1
7578
74
28%
29
30
*29¥i
30%
127a
30
*12
12%
25%
26
28,000
974
972
6,500
1272
13,900
*53%
*125
67a
20
3Vt
75
56
1,000
126
20
67a
2,800
2074
1,200
3%
2,200
-75%
800
29%
30%
3,400
*29%
30%
300
12
100
12
~
25%
13,600
127a
*
25%
.
8% Jan
Oct
Apr
Jan
54
Jan
26%
7
118/a Jun
6%
Jan
8
17% May
6¥a
Apr
Apr
93/8
Nov
2
97/a May
33/4
Jan
6 3/4
Nov
7
2072 Jan
11 % Jan
43
16
18
49 74 Mar
2
3,500
Jan
9
19
217a
Dec
133/a
Nov
47%
Nov
23
367/a Mar 30
May 29
Feb
7
May
347a May
26% Jun
6
4
Jan
2874 Jan
32
Jan
l3/4 Mar
6
,.
72 Jan ©2
100
100
—100
-No par %
100
5
4
0-
Sep
2
Jan
5
Jan
10
Sep
Apr
44
Jan
Jun
110
Jan
9
137
Jan
7
42% Jun
5
10572 Jan
7
11272 Jun
11
8
297a
104
x9%
1272 Mar 26
93/4 Jun
8
193/4 Jan
12
96
Jan
15
38
Jan
9
43
Feo
1
May
4
115
Feb
16
1073/4 Jan 23
112
Mar 23
111
Nov
lVa
Mar
16
.
A
Jan
Mar 11
Jan
373/4 Apr
105
Jan
Jan
May
,
7% Jan
35
34%
A
y8
1
37b Mar :1
78
197a
Jan
21 ¥a
Dec
25 ya
Oct
Apr
39
Dec
116
Jan
113% Dec
1067a
Jan
2
2
Mar
1
7a
Jun
2
472 Mar
1
3/a Dec
16% Jan
4
26 3/8 Jun
1
107a
Jan
8
474 Jun
10
1%
59% Jan
12
81% JUn
25
2
■
17% Jun 25
10% Jan 13
54
Jan
68 ¥4 Jun
4
Sep
177a
Dec
43% May
4% Jan
627a
52
Dec
60
4% Apr
Shell Union Oil
15
Silver King Coalition Mines5
Simmons Co_^
No par
Simms Petroleum
10
SImonds Saw & Steel
—No par
Sinclair Oil Corp
No par
15
2872 Jan
5
8
23/a Jan
5
167a Jan
2
28
1 % Jun
5
l¥a Feb
18
2
263/a Jun
547/a
277a Jun 25
5
Apr
7
4
27a
Jan
Apr
Jun
11% May
May 29
7/a
Apr
20 3/a Aug
Jan
9¥« Dec
66
Nov
7 3/a
35
Nov
Aug
183/4
4%
Dec
Jan
Dec
17
1%
27
Dec
Nov
103/4 May 27
1074 May 21
132
Dec
4
24
14
Jan
Nov
10.7a Nov
173/8 Jan
21
117<
Apr
3074 May
107a Apr
8% Jan 20
3% Mar
8
1674 May
Jan*7
9
ft Feb
17a
Apr
Dec
16
11
193/a Apr
4
8
65
Mar 31
108
5
2
30
Jun
15
Jun
7
25
Apr
21% Jan
2
103/4 Jan
13
No par
No par
Jan
Dec
203/4 Jan
15% Now
1374 May
678 Mar
6
253/4 May 27
153/4 Jan
3074 Oct
100
113%
Apr
1074 Dec
9
10
146
Apr
July
15 % July
Apr
25
7.50
Southern California Edison
Southern Natural Gas Co
98
1097a Aug
Jan
32
Sep
Apr
May
% Jan
t$6 preferred
7¥a
Dec
123/4
19
May 26
447/a Jun
l¥a Mar
17
Feb
2¥a
Jun
153/4 Jan
14
Apr
17%
Jun
2674
Jan
1227a Nov
144%
Jan
147/a
Apr
97*
133/4 Apr
Apr
127a Jan
Jun
217a Nov
187a
Nov
30 7a May
10
15 % Jan
7.
2
303/a Apr
127a May
18% Feb
100
3574 Jan
9
493/8 May
23% Jun
39
100
427a Jan
12
66
Apr
343/4 Jan
50 % Mar
No par
1
No par
Southern Pacific Co—
Southern Ry
;
2¥a Jan
6
63/8 Jun
1% Apr
1% Nov
31
Deo
59
preferred
tMobile & Ohio stk tr ctfs
Sparks Withington
23/a Jan
—
Standard Gas & El Co
$4 preferred
Jun
10
17
July
Jan
4
26
17% Apr
24
1
2474 Jan
2
3574 Mar 15
21 ¥a
Dec
31'/a
417a Jun 25
30
Sep
37
Mar
597/a Jan
26
49
Mar
60
Jan
67/a Jun
25
3274 Jan
No
No
No
No
18
57
Jan
9
3
Jan
2
3572 Jan
7
33
Jan
6
109
Jan
28
par
49
Jan
10
par
113
—1
100
—
preferred
Squibb (E R) & Sons
$5 pref series A
Standard Brands—
$4.50 preferred
53/4 May 27
293/4 Jun
55
Aug
37a Feb
213/4 Jan
33
preferred A_
conv
6
Oct
3
No par
Spicer Mfg Co
5 7c
;■
772 Jan
578 Jan
4
$3 conv
Jan
57/a
27%
Nov
X20
3172 Jan
57c
Oct
Jan
85 74
Apr
3¥a Mar
2
Jan
1293/8 Mar
9
100
Square D Co
—
36%
55
2
1,500
34%
*54%
257i Jan
36%
1173/4
32,900
37
9%
11% May 23
Dec
Jan
86 3/4
674 May
12% Jun
933/4 Jun
2
1,700
6%
90
36%
107a.
10
7
50
1,200
34%
97a
2
Jan
572 Jan
No par
No par
Spiegel Inc
_2
>
tConv $4.50 preferred——No par
5974
'
73/4
27a
41
-40%
5,200
37%
10%
774 Jan
1
10
80
5 3/8
19
May
Pen Co—-No par
600
34%
9%
54
474 Mar
preferred—
Spencer Kellogg & Sons.
Sperry Corp (The)
34%
12
20
11
$5.50
36%
10%
Feb
10 ¥a Jun
Spear & Co
303/s
23%
27%
70
16% May
737a May
300
307s
1127s
1
1
7
8
6,500
30%
7 s/8
3
3
*22%
647a Jan
7
53/a
2974
1127a
77/a
115
787a July
53/4 Jan
5%
*2874
*64 7a
*65
*65
7%
11774
210
29
49
36
36
35
1173/4
3,800
54
63/4
674
48%
367/B
*114 7a
29%*
28%
59%
6%
14,000
60
*47 7a
58 ¥s
59%
48%
5¥s
37,600
45
-54
40
40
40
*58%
5%
5¥8
26 ¥a
30 Va
3074
40
*58
2774
29
297a
30
-
53/4
*43/4
*47 7a
*46
' 1173/4
*112
5%
5
54
5
*477a
443/8
58
6%
48
3%
23%
-
44%-
58
49%
36%
1
1
3
*23%
5%
447a
574
578
5¥a
257/8
•'25%
60
29
*115
8
7%
112
574
*43/4
263/a
263/8
25 ¥a
4474
447a
*58
587a
54
*65
115
115
14972
2,700
43%
*64 7a
*146
14972
*146
3,200
4,400
59
36%
18
Nov
100% Mar
Jun
7
Feb
11
500
27%
60
49
474
9% Apr
98
165/a Jan
25 74
27%
44
118
Sep
13
2072 Jan
24¥t
44
36%
Jun
8572 Jan
22
37a
*59
47'%
6
6
33 ¥8 Jun
12%
597/a
Dec
86 ¥8 Apr
137/a May 27
23
6%
70
4
2
12%
593/4
Jun
2¥a
Dec
49
Jan
133/a
2
277a
253/4
6%
X947a
4
32,200
37a
25%
25%
593/4
6
274 Jan
4,700
13¥a
2 7 ¥4
26
67a
7372 Jan
6
Dec
13
717a Dec
Mar
3874
107a Jan
32¥4
13¥a
25%
267a
*59
10% Apr
19% Apr
2
6
12
10172 May 24
Jan
7% Feb
16
7 7a May
59% Jun
9572 Jan
55/a Jan
Dec
x55
167a Jan
32¥a
13%
22 ¥4
407a
2
22
5
10
13
407a
47i Jan
14
Apr
Deo
19
2574 Jun
22%
41
4
Dec
Mar
2
700
37a
257a
*40
42 78 Jan
Nov
70
193/a Jun
1574 Jan
1.800
13
30
79
Sep
33/8
Jan
6
11
22%
30
4
23%
May
11
363/4 Jun
13%
30%
20
Nov
103/4 Mar
6
19
28
257a
30 3/4
May 27
May
Jan
2274
29
25
10
20
19
25%
25¥8
29
65% Jun
5
4
433/8 May
1267« Apr
37a
253/4
29
8
Jan
118
1274
5
Jan
6
147a Jan
Jan
28¥a
1% Jan
2
227a
12%
5 3/a
20
12
Nov
39
12
6
127/B
,
29
69 72 Jan
Feb
157/a
20
5
57/a Apr
75% Jun
Jan
227a
5
Jun
8
Jan
22
X5%
30
14
77
277a
24%
*46
22
37a Jan
6674 Jan
111
2578
247/a
53/8
223/4 Jan
No par
Smith (A O) Corp
10
Smith & Cor Type v t c
No par
Snider Packing Corp
No par
Socony Vacdum Oil Co Inc
--15
South Am Gold & Platinum
1
S'eastern Greyhound Lines——
5
So Porto Rico Sugar—
No par
87c preferred—,
100
37c
25
53/4
3474 Mar 30
120
277a
253/b
54
34
2474
'
25 ¥4
24%
5%
20
Dec
26 3/4
Apr
23 ¥4 May
tSloss-Sheffield Steel & Iron—_100
37a
243/4
*5
263/8 Jan
Dec
11%
5
Skelly Oil Co,
22%
13
22% May
Dec
23 % July
600
1497a
227a
2
.
270
*144
*12%
*46
16.700
3 ¥4
26
25¥4
3374
*24
100
1497a
*144
22 3/a
13
3 ¥4
37a
3%
*25
100
1
107a
113
24'/a
4
•
3974
112
34 ¥4
28
1,300
1%
26
112
24%
26
1,700
113
33%
4
4,400
4
112%
24%
*27%
143/8 Jan
7
64% Jan
tSheaffer (W A)
80
26¥a
112
35%
*24%
4,800
2772
*110
*34%
300
7.400
11,109
107a
*43
'
177a
45
10
44 ¥4
3¥4
'8174
16
,1474
697a
43%
26
*37a
80
79%
15%
147a
9%
4
*372
70
43%
4
28
Seagrave Corp
.—5
Sears Roebuck & Co——No par
Servel Inc—,———— 1
Sharon Steel Corp
No par
$5 conv preferred,
-No par
Sharpe & Dohme——
No par
$3.50 conv pref ser A—No par
Shattuck (Frank G)—_—-No par
3.900
68 ¥a
13 ¥4
Jan
Seaboard Oil Co of Del——No par
777a
70
30
600
2%
24
n,800
15%
13 'A
6
$4 preferred—No par
JSeaboard Air Line
—No par
4-27o preferred
—100
j
i% _x
*3%
*69%
2672 Jan
4,000
114
76 3,4
14%
Dec
12
25
Safeway Stores
—
57c preferred
Savage Arms Corp—
Schenley Distillers Corp
5
5 7a % preferred
—-—-100
Scott Paper Co———No par
$4.50 preferred—
-No par
3,200
4272
112
3%
70
22
Jun
*St Louis-San Francisco
7,500
77%
68%
Jan
7% Jun
15
10
{£
17a
15%
14%
Dec
15%
295/a Jun
Jun
Deo
■
{>
15%
70
5474
2
St Joseph Lead
77%
*68%
Jun
7
Ruberoid Co (The)
No par
Rustless Iron & Steel Corp
1
$2.50 conv preferred——-No par
17a
*1037a
274
27a
24%
*14%
34¥a
Jan
No par
Antelope Copper Mines—
¥4
41
17a
1
1%
*23%
3%
Dec
21
—No par
1%
*11172
3374
337a
»1047a
115
1
*
10
10
97a
33%
105
3374
*7 7a
4174
111%
42%
112
3%
1174 Jan
Dental Mfg
%
*7
*42
Apr
100
1
17a
1%
*6%
*111%
2
1
No pur
100
100
No par
100
—100
No par
100
S
1
90
25
.J
Richfield Oil Corp
2,800
*477a
*7%
8%
*8
Apr
99
1
t Common
1,000
177a
8%
593/a
88
■
10%
157a
10 %
*•14
8 7a
*8
467a Mar
7
Reynolds Spring
Reynolds (R J) Tob class B
11
31
37
24
30
12% May
100
preferred
Reynolds Metals Co
572 7c conv preferred
700
113/4
88
X88
70% Jun
100 ¥4 Apr
2
547i Jan
No par
—10
t5% %
170
2% Mar
4
Mar 16
1
Inc
5
4
Jan
47a Jan
107a Jun
1st pfd
& Co
Revere Copper & Brass
t7% preferred
50
Dec
92
5
Mfg Co
Motors,
*37
31
38
30%
31
303/a
*36
36
37%
107a
10 3/8
303/8
10%
11%
11.3/4
887a
30%
*15%
667a
907a
10%
*36
*65
*11%
10%
5,500
65
*88
10 3/4
8 s/8
90
11%
*1072
817a
*88 7a
907a
11%
*88
83/8
8%
300
11%
59
100
Republic Steel Corp
67c conv preferred
6 7c conv prior pfd ser A
50
90
65
*113/4
100
81%
817a
87a
90
69
*98 7a
Oct
50
50
Reo
59,400
10 ¥4
2
tRensselaer & Sara RR Co
19
874 Mar
50
900
18 %
100
817a
817a
87a
•
6
No par
1
25
500
9 74
9
18 ¥8
9
54
53
54%
53%
54
54
9
*54
9
133/4 Apr
372 Jan
Preferred with warrants
300
Nov
4
Remington-Rand
5,300
14%
100
Reliable Stores Corp
Reliance
9% Mar
10% Jan
Hosiery
(Robt)
Rels
510
300
177a
89
89
*677a
10
*767a
8¥8
83/b
=
657a
1974
173/8
817a
*80
93/4
*1874
19%
1974
16%
*9872
643/4
93/4
*93/8
25
10
'
*1874
Jun
22
Preferred
16 ¥a
76%
Real
Silk
Dec
2
conv
100
29
Dec
923/a
1047i Jun
r
400
333/4
1067a
133/4 Jan
Reading Company
47c 1st preferred
47c 2d preferred
600
*18%
54
9
16 3/4
700
2,300
76
*75
647a
62
61
;;
-30
574
*5
76
*75
500
7
Apr
90% May
807a Jun
No par
preferred
Raybestos Manhattan
Rayonier Inc
$3 preferred—
t67e
13.200
19%
337a
5
*9 3/a
77 %
54
177a
28
147a
57
17%
*763/4
97a
16%
28
14%
76
/19
*1874
*17¥a
920
957a
10
*9 ¥a
25,100
94
60¥4
60%
*93/8
-
~9¥a
933/4
*75
76
*75
Highest
$ per share
7
2
No par
$3.50 conv 1st preferred—No par,
t$5 preferred B
;
No par
Radio-Keith-Orpheum
—1
:
$ per share
19 74 May
4
1097a Jun 25
927a Jan
Radio Corp of Amer
61,400
2,500
93%
297a
%•
•
*75
974
9%
337a
43/4
333/4
113/4
*ioo3/4
V.
100
100
Quaker State Oil Ref Corp
70
94%
19
29 7a
*473
*33
■:*
70
19
*293/8
297a
183/4
*29 73
1474
1474
'
28 3/4
*28
2872
*28
■
9
97a
93%
94
*ioo3/4
—
9
9 7a
93 7a
.95%
*28
*1003/4
'
*100 3/4
8%
93/8
1J42
Lowest
$ per share
11
Jan 14
1043/4 Feb
3
No par
conv
"if
103/4
9%
Year
Highest
$ per share
Par
,
preferred
5,200 7 Purity Bakeries
1,000 y,y> 5%
133/4
*13
13 ¥4
*13
68
100 3/4
Lowest
Pure Oil (The)
6% preferred
1,000
(
10274-
22 ¥;
21
v
*
13,600
,17%
108
20
•19%
Shares -
share
108%
16%
Range for Previous
Range Since January 1
•
,
16%
%
17
108
STOCKS
NEW YORK STOCK
■
EXCHANGE
Sales for
the Week-
108%
17
108
102'/a
June 23
$ per
$ per share
$ per share
Friday
June 25
Thursday
Wednesday
June .22
„
.
SALE PRICES
AND HIGH
Tuesday
Monday
Saturday
2421
Feb
17
par
47a Jan
2
par
100 7/a Jan
7
—No par
A Jan
2
No par
17a Jan
Jan
4
5
1074 Jan
5
No par
$7 cum prior preferred
No par
Standard Oil of Calif
No par
Standard Oil of Indiana—
25
Standard Oil of New Jersey
—25
Standard Oil of Ohio—
—25
Standard Steel Spring—i—
1
Starrett Co (The) L S
No par
Sterling Drug Inc——
10
Stewart-Warner Corp——5
Stokely Bros & Co Inc
1
Stone & Webster—
No par
Studebaker Corp (The)
——_ 1
Bun Oil Co
No par
Class A pfd (4%% cum)
100
Sunshine Mining Co——_—.-100
Superheater Co (The)—.—No par
Superior Oil Corp
1
Superior Oil of Calif
25
Superior Steel Corp
100
Sutherland Paper Co
10
Sweets Co ot Amer (The)
—12%
Swift St Co
—.
25
9
$6 cum prior preferred
6
373/4 Mar 12
513/4 May
2% Sep
293/4
Sep
27% Jun
108
Dec
Nov
Jan
47a Jan
457a
Jan
38 3/« Jan
114
Feb
Jun
18
663/a Jun
4
40% Apr
6
17
113
Jan
Jun
1097a Aug
2 % Apr
5
Jan
1127a Jun
22
8974 May
110
115
1163/4 May
8
6¥a Mar 13
29
Jan
Sep
% Ot
¥1 Apr
5% May
6
Apr
117a Jan
A
274 Mar 13
2674 Apr
497a Jan
2%
Oct
1374 Jan
283/a Jan
8
327a Apr 30
40
May 8
18
Mar
29 74
Dec
287a Jan
12
35¥a May 29
20
Apr
29
Deo
4672 Jan
2
577/a May 10
47
Dec
377a Jan
4
457a May 26
30% Apr
257« Apr
40
Nov
22 ¥4 Dec
343/4
Jan
42
62
Dec
7
Apr
25
Jan
29
2
59% Jun 24
:
7 % Jan 12
4% Jan
2
972 May
31% Mar 31
66
May
7
107/a Jun
18
4
637a Mar 30
Jan
4
133/a Jun
6
9
127
23
1
22
May 28
4% May 10
82
May 7
143/s Jan
20
313/4 May 27
26% Jan
4
1
31 ¥4 Mar 25
33/4 Jan
2
127/a Jan
2
172 Jan
2
583/4 Feb
43% Feb
2272 Jan
2
7% Apr
12% Jun
27 ¥a Jun
;5
2
Apr
Jan
3% Mar
43
10 3/4 May
6
Apr
57a
7
5
2
5 ¥8 Jan
4872 Jan
1
14 ¥a Jun
5% Jan
122
5
3%
116%
Apr
Jan
Apr
Apr
3¥e May
11% May
1
Apr
"974
May
17% Feb
3% May
20
Sep
87a Nov
4¥a Jan
63/4 Nov
674 Nov
55 ¥4
128
Jan
Deo
5% Jan
157a
Jan
1%
Jan
1674 Deo
267a
Dec
4 ¥4 Aug
25
Jan
THE COMMERCIAL & FINANCIAL CHRONICLE
2420
NEW YORK STOCK
LOW
HIGH SALE
AND
Saturday
Monday
June 21
June 22
$ per share
per share
$
STOCKS
J per share
*22
23%
Sales for
June 25
June 24
$ per share
22
Friday
Thursday
'June 23
per share
$
the Week
22%
22%
60
22%
'
61
20%
21%
21%
22%
57%
56%
57%
56%
60%
59%
22%
21%
21%
*20%
21%
*21%
22
*21%
22
*21%
22%
200
UVa
*10%
11%
*10%
11%
*10%
*10%
11%
*10%
11 %
—
26
*24
26%
*24
26%
*23
11%
26%
*24%
26%
*24%
26%
119%
119%
♦23%
118%
119%
119%
117%
119%
119
126
49
49
'
49%
48%
49%
49%
1
3%
ji
*22 Vb
'/a
*11
22%
22%
22%
21%
*36 Va
36%
*36%
36%
36%
173%
179%
180%
180 %
55%
*55%
36%
36%
500
180%
181%
180
181 y2
*116y4
117%
*1116%
117y2
15 y8
55 y2
55 y2
14%
15
56
55%
55%
55 y2
55%
54%
*54%
55
11%
11%
11%
11%
11%
11%
11%
*100%
100%
100%
100%
100%
100%
14%
14%
15%
15%
15%
15%
15%
15%
16,500
115%
115%
115%
*115%
115%
115%
115%
*115y4
115y2
250
*36
19%
19%
19%
19%
19%
*J.9y4
19%
19y4
19y2
36
36
36%
36%
36%
36%
36%
5%
5%
40%
*39
5%
40%
5y2
*39
101
4
2
€
1
20% Jan
4
14
5
...
60%
40
40%
10
11%
11%
11%
11%
11%
11%
11%
lll/2
600
17%
18%
17%
17%
17%
18 Va
18
18%
18 Va
18%
18%
18%
12,100
47%
47%
47%
47%
47%
48%
47%
48
48%
48%
48%
3,100
7
7
7
7
3,800
If Oct
2%
Sep
Vst Oct
19
Jun
8
Jun
30%
15%
Apr
23% Dec
Jan
143
Mar
192
118
108
Mar
116%
Sep
6% Mar
11 Vs
Nov
Apr
52%
Jan
Apr
53
Jan
50
No par
Oliver Farm Equip
6%
Jan
Jan
Va Jan
183% May 19
No par
Lines
40
32
Feb
2
Omnibus Corp
Preferred
Jan
9% Jan
7
49 y2 Jan
5
48% Jan
5
9J/2 Jan
2
91% Jan
6
7% Jan
2
107
Jan
2
16y8Jan 19
36
Jan
6
x3%Janl4
50
100
Telegraph
Norwalk Tire & Rubber
11%
Jan
5
Northwest
40
Feb
54
162Vz Jan
50
50
1
Northwestern
*11%
110
109
Dec
113
10
No par
*39
37
Dec
%
Mar
26% May
5
16%
100
preferred series
11%
.Jan
Dec
Apr
Dec
23%
1% Mar
Jan
6%
May
80
53% Jun
Feb
15%
May
100
prefer red series
Air
23
Dec
4
2% Mar
4
40
*39
Jun
Jun
A Jan
Northern Pacific Ry
tNor States Pow $5 pfd
1,300
5%
5%
5%
*5%
120
118
A Jan
1% Jan
5%%
220
5%
12%
100
11%
*39
Apr 22
preferred
North American Aviation
Northern Central Ry Co
1,500
36
5%
5%
115%
54%
38%
19%
19%
38%
15
54%
27
190
6%
60
54%
55
.2
7
6
fNorfolk & Western Ry
tAdjust 4% preferred
7,300
100%
12
22
North American Co
1,900
11%
55
54%
4
63% Jan
80
Noblitt-Sparks Indus Inc
900
15
51
10% Jan
Jan
Conv
16,700
14%
|
17% Feb
35
May 22
Apr 26
28 % Jan
—
IN Y Ontario & Western—
N Y Shipbldg Corp part stk
1,050
10
14'%
14%
14%
115%
5%
36
*100%
*100
15
*19%
36
36%
11%
11%
12
*36
2,400
100 %
54%
55
115%
2iya
181
55%
v
21 ye
116%
55%
14%
21%
181
14%
100%
21
21%
116%
14%
11%
1,500
'
•
11% Jun
64% May 20
26
IN Y N H & Hartford
5.200
%
1%
preferred
non-cum
t per share
24% May 20
100
10%
10,100
3%
*}1
180
14%
*54 V*
1%
413%
U
118
*116%
15
*100
1%
3%
tit* par
*
—50
Highest
share
per
5
tN Y Lack & West Ry Co
640
1
179%
118
<
—
U
36%
36%
50
3%
!i
*116%
118
*117
VV-. 15
*55'/a
M
590
120
126
49
y2
■
par
——*»o
$ per share
14% Jan
6% Jan
16% Jan
par
New York Dock—;
5% preferred
N Y & Harlem RR Co
Lowest
II
Jan 27
31% Jan 27
--.—100
100
6% preferred series A~;
Year 1942
Highest
S per share
N1 Y C Omnibus Corp-,._,-_..JVo
—
3%
1
3%
v:,f: %
49
119
*115
126
49
*'
1%
1%
3%
%
■
*115
49%
1
3%
3%
126
49%
3
1%
1
3%
119
*115
118%
*115
126
*118
126
*118
60%
Lowest
H Y Chic & St.fcbuis Co
2,500
13,200
21%
59%
Range Since January 1
-
Par
57
61%
Range for Previous
NEW YORK STOCK
EXCHANGE
Shares
S per share
21V*
♦21V*
*1014
RECORD
PRICES
Wednesday
Tuesday
June 1!)
Monday, June 28, 1943
-50
31
Jan
11% Jan
29 % Jan
3% Jan
39
8
9%
Dec
14
25
85%
Apr
96
6
4%
Jan
8%
100
Apr
110%
8
Apr
17%
Apr
38
18% May
115% Jun
21
20% May 12
Feb
15
5% Jun
7
1
45
Apr
7
12% Mar 25
20
40
6
6
100
8
Jun
39
14% Apr
13
No par
56
4
Jan
100% Jun
6
No par
7
May 10
56% Jun
15
8% Jan
2
2.50
Norwich Pharmacal Co
Jun
16 y2
31%
Jan
Jan
Jan
Nov
Sep
Dec
Mar
3%
Dec
Feb
34
Oct
Sep
10%
Jan
Apr
12%
Deo
Jan
30%
Dec
Jan
7%
6%
O
.
86%
*84%
9
9
20%
♦20
7
6%
7
6%
7
7
*84%
86 V*
*8%
9%
*8%
19%
20 V*
86 V*
*84%
19%
'
86
19%
19%
6%
*86
86
88%
*8%
19%
20
150
150
*86
88%
9
9 V4
20
.
2,700
No
Otis Elevator
400
19%
Oil Co
(The)
8% preferred A
Oppenhetra Collins
30
9
19%
9
*8%
9
48
Ohio
150
*149%
150
149%
150
*33%
36
*33%
36%
*33%
36
*33%
36%
*33%
36
*33%
36
*56
59
*56
59
*56
58%
*57
59
*57%
59
*57%
59%
61
61
62%
62%
5,100
Owens-Illinois
12%
1,900
660
Jan
2
90
par
3% Jan
2
10% Jun
11%
10%
10%
*11%
10
'
*42
46
*21%
22%
15%
*15
28%
28%
42
42
26
*25%
115%
*115
151 %
*151
5%
5%
15
*14
4%
4%
35%
35%
*9%
10%
*110%
110%
3%
3%
42%
42%
*42
21%
*15
28%
41
60%
60%
28%
5%
14
15% Jan
8
21% Jun
2
5%
17
*16%
28%
28%''
24%
*23%
*56%
57%
6
*5%
42%
42%
5%
5%
*14
14
152
5%
*14%
35 V*
35%
37%
14,500
Pan American
*10
110%
3V4
41
10%
*10
10%
*10
110%
110
110%
110
2
31
7%
3%
*16%
28
*23%
57
31
2
56%
57
56%
56%
5%
5%
5%
*5%
41%
42%
41 %
42
13%
13%
13%
17
*5%
42%
*13%
25%
*24%
25 y4
25%
8%
8%
8%
8%
7%
7%
7%
7%
7%
*7%
24 V*
24%
88%
*87%
110%
*110
115%
115%
45%
*84
23%
x87%
*110
*113
46 %
46 y2
47
47%
84%
86
86%
5%
90
*87
24%
24
*98%
120
6%
6%
54
*53
*5%
*87
23%
*98%
8
*75
13%
13%
175
180
180
6 Va
6%
8%
8%
*13%
6
6%
52
52
*7%
8
78%
5%
*5%
5%
87
*84%
23%
6%
57/a
6
*5%
53%
49%
51
8
8
75
75
13%
175
*180%
181%
6
6'/a
5%
8%
8 V8
*47
48
*66
68
66%
67
13%
*161%
170
*161%
*4%
5
4%
*52%
53
*45
46%
*51
45
13%
*13%
*162
4%
4
53%
*51
45
19%
20
19%
23
22%
22%
44
20
*22%
*88
6
8%
95
14
1.3%
60
13%
175
*158
1 a'J
6
*8%
*88
6%
9Va
98
x6
14%
*13%
*162
1
52%
14%
44
52%
52%
52%
53%
*52
53
44
43
43
*42
20
4%
43%
1,200
21%
400
11%
10%
11
U
11%
6,000
16 Vb
17
17
17 Va
4,100
10%
11%
16%
16 Va
16 V*
16%
16%
16%
16%
11%
11%
11%
11%
11%
12
11%
11%
11%
11%
*11%
12%
*11
12
11%
11%
*11%
12%
*11%
12%
*12%
*37
38 %
*35
38
*34%
36%
*35%
37%
*35
38
37%
55%
54%
54%
54%
54%
122
*120%
123
122%
86%
85%
14%
15
14%
13%
15 V*
15
14%
14%
85%
86%
101
100%
100%
100%
*107%
108%
108% 108%
*120
120%
120
*117%
118%
118%
118%
36 Va
36%
35%
35%
For
120
86
123
14%
14%
86%
123
14%
14%
85%
55
123
14%
14%
86%
11%
54%
*121
14%
14%
85%
123
14%
14%
86%
*121
■
14%
14 Vb
86%
Jan
18
90
Jun
4
26
May
7
8
102
Jan
Jan
100
3% Feb
8
100
34% Jan
5
Jan
59
25
No par
59
Jan
14
9% Feb
14
7% May 20
6
No par
1
1%
Feb
43
Jan
3%
Dec
8
102
9
3
May
Mar 30
77% Jun
15% May
4
5
7
May
15% Jan
65
19%
Oct
"3
~4%
Sep
26%
May
Apr
4% July
56%
Dec
7% Apr
r
38%
6%
68
Nov
Oct
Jan
Jan
10% Nov
4% Jan
59% Jan
100
24
Jan
13
100
66
Jan
4
;
1st ser
conv
pr
pfd
,,
7% Jan
4
1% jan
Class
B
8
preferred—„
100
No
5%
pfd
of Feb
6,650
'29)
t$5
120
119%
120
.
prnf^rrod—
Jun
70
6%
153
Jun
July
Oct
Feb
10% Jan
153
July
21% May 12
11%
Jun
14%
15%
13
.
Jun
22% Mar
Jan
Jun
13%
Oct
1
3% May
5%
Jan
3
9%
5
■
5%
Jan
21
Sep
6% Jan
6
8%
Jan
14
Jun
4
8%
Jan
4*'
40% Jun
3
22 Va
Jun
29 %
Jan
par
48% Jan
4
57VaJun
8
42
Feb
52%
114% Apr
7
115
Feb
11% Jan
6
13
17% Apr
5
14% Jun 22
100
.
0■
'
13% Jun
21
|
13% May 29
13
123
Feb
Jun
6% July
9%
Jun
122
14%
Oct
Oct
Jan
Jan
75% Jap
20
6
62
Mar
86%
100
.
par
85% Jan
2
101V* Apr
6
73 % Mar
X99%
Jan
100
No
.
96% Jan
4
110% Apr
5
79% Mar
111
Jan
99
Mar
123
Jan
111% Mar
116
—J00
109% Jan
4
tPub Ser El & Gas pfd $5—No par
115% Jun
26% Jan
4
Pullman Inc
58
6% Jan
!
preferred
preferred
33% Jan
24% Jan
No par
distributed
preferred—
t6%
62
Jun
5
Vi When
1,090
Jan
Apr
20
23% Apr
,
7
16% Jun 2b
6%
47%
46% Jun 14
2
Jan
5% Jan
1
61% Jun
18
4
.1
Pub Serv Corp of N J
9,400
May 18
5% May 29
3% Dec
4
May
50
No
1
16% Mar 29
30
Jan
Mar 31
162
Jan 28
14% Jan
No par
1st preferred
2d preferred
1 ser
Jan
18
par
No par
Procter & Gamble—,
60
20
5
Pocahontas
Poor & Co class B
Postal Teleg Inc preferred
Pressed Steel Car Co Inc
3,500
29
100
Plymouth Oil Co
conv
75
2
150% Jan
preferred—.
Creek
\88
May 19
,;52% May 12
l
A
Pond
,10% May 11
5
100
(The)
7
13
pfd—100
Pitts Young & Ash Ry 7%
G7/a Jun
No par
2
88% May
126% Apr
6
119
kar 30
38% Jun
footnotes see page 2423.
3
9
100
conv
40
Dec
7% May
6% May
No par
6%
16,700
Oct
46
18% Jan
25
preferred class B
preferred class A
5%
38%
80
Apr
26
Nov
Feb
200
120
May
30
Apr
110
Feb
t7%
36%
16
70
65
50
Jun
4
700
*119
5
20
3% Jan
103
12
Jan 29
92% May 13
17
Jan
4
107% Mar
Jan
1,020
36%
7% Feb
79% Jan
44
par
Dec
117% Jun
May
4
101
120
7
79
14
No par
108
35%
109% Jan
Apr
Jun
111
165
100%
*119
Dec
20
175
107%
35%
xl4%
Apr
98
Feb
100%
119%
Jun
55%
May
108'A
35%
7%
3
165
100%
*118%
1
90% Jun
165
107%
35%
26% Jun
20
9
100%
119
14
Feb
71
Jan
108'A
35%
Jan
May 20
107%
119
Jan
76%
170
300
560
40%
181
100%
119%
Apr
Apr
9
101
120%
28%
49
21
108
119%
23
24
Jan
1C0%
120
49% Jun
87% Jun
106
100
107%
120
4
2
Jan
13,500
86%
Jan
Jan
68% Jan
13% Jan
37
5
.
Dec
175
12%
14%
32%
170
12%
14%
No
Hosiery
38
123
Dec
.No par
_100
Class
70
20 Va
21%
10%
22
100
series
Pittston Co.
90
20 Va
22
16%
*120
■
22
19%
22
29% Mar 29
10
Pittsburgh & West Va
100
2,100
20%
19%
22
15
Jan
100
7 %
*?1 %
20
-
4%
23% Jun
Jan
6 Va
6
Pittsburgh Steel Co
170
4%
44
,
Mar
3
preferred
5%%
170
Apr
5
Pitts Screw & Bolt
800
4%
4
2
Jan
_100
7%
210
*13%
4
Jun
100
68
*162
Jun
8
100
Pitts Ft Way & Chic Ry Co
98
4%
10
12
preferred—_50
Corp
68
14%
4
5% Jan
No par
preferred
8
6% Jan
par
25
No
preferred
68
21%
55
27%
68
10%
55%
Jun
67%
11%
55
19%
67%
*11%
56
26% May
5%
11%
56
Feb 20
530
170
Oct
Dec
7%
—5
Corp of America
Brewing Co
Pittsburgh Forgings Co
6.800
4%
Dec
2%
23
48%
*13%
47%
No par
47
*162
Jan
Feb
46%
4%
Nov
23 Va
Jan
46%
14%
Feb
25%
51%
47
170
Jun
108%
.
29%
68
.
4
Jan
Apr
$5 conv preferred
50
9'A
9
30
6% May 23
45% May
Aug
May
May
May
6%
400
6%
*88
15% Mar
9
15
11
104
18
Pitts Coke & Iron Corp
175
*180 %
7
16% May 18
Pittsburgh Coal of Pa__
2,300
700
180
11
Pillsbury Flour Mills
1,700
180
58% Jun
16% July
36
Apr
% Jan
Pitts C C & St Louis Ry Co
78
*158
4
Preferred
30
8
8
24% Jun
Jan
36
Pnoenix
1,400
50
49
*70%
9
Jan
44
58% May 20
41% May 20
Phillips Petroleum
120
5%
17% Feb
5
Sep
2
Jun
Jan 27
46%
*19%
♦
*13%
24%
5
109% May
4
Jan
19
46%
*66%
170
8%
95
87
24%
*98%
*158
46
87
24
120
*180
*88
87
23 Va
*98%
120
32% Apr
5
Phillips'Jones Corp
1% preferred—,
-
100
181%
8%
300
*5%
2*
17% Mar 26
6
1%
32
100
14 % %
95
6
175
47
11
23% Jan
Philip Morris & Co Ltd
tPreferred 4%% series
9,300
*180%
95
11
*90
49%
*158
*8%
11
77/a
5%
30
49%
181%
6
160
115
50
18%
3
Mar
Mar 26
100
Philco
1,400
"113
18
preferred
tS6
44,580
88
95
75 V*
13%
24%
13'A Jan
108V* Jun
100
9
3% Mar 26
44
6
18
Phelps-Dodge
Corp
tPhiladelphia Co 6%
420
110
87%
No par
Pet Milk Co
1,310
110
4
6
Dec
5% prior preferred
100
49%
7%
14
24%
48%
88
6
•
Nov
5%
400
49%
175
46
14%
*90
*158
*80
*13%
48%
*86%
1%
5% Jan
34% Feb
10,80J
48%
25
A Mar
3V* Jan
l%Jan
100
25
*10%
17% Mar
33 V2 Jan
10
Pere Marquette Ry Co
24%
11
13 V* Aug
par
9
23%
87%
49%
8
May 20
6V2May22
5
6
Pfeiffer
95
2% Apr
No par
.
Co
Petroleum
48 y4
l%Jan
46% Jan
1% Feb
2,300
75%
78%
*13%
13%
52
8
*75
95
*80
23%
*98%
6
53
8%
78%
*84%
23%
120
*98%
120
52
*8
*158
23%
23%
*5%
87
87
90
49%
6
*5%
6
*75
49%
49%
6
*9%
*90
95
*90
49%
6
11
*9%
11
95
Dec
28%Jarf
1.200
115
29%
1
9
*113
Apr
100
8
87
114%
Jan
19%
19'/a May 22
TOO
8
24%
2%
32
7
fPeoria & Eastern Ry Co
9
87%
Jan
7
Jan
Peoples G L & C C (Chic)Pepsi-Cola
9
49%
114%
1,100
7%
87
114%
—
77/a
24%
Coke Corp
preferred
Pennsylvania RR
Peoples Drug Stores Inc__.
1,200
25%
Co
5%
—
17,200
600
*24%
116%
*9
42%
25%
*114
*90
17
*16%
14%
110%
2
16
No
*8%
24%
iy8Jan
27% Jan
2.50
$7 conv pref ser A
Penn G1 Sand Corp
14%
87%
Jan
Penn-Dixie Cement
14%
110%
17
Penn Coal &
*24%
25'A
Oct
1
14%
1%
1,100
8%
88
30% May 27
1,600
25%
110%
10
5%
24%
22
2,200
37
87%
Oct
17% Jan
3%
54'/8
110%
17%
7%
3%
*35
87%
Apr
Oct
*53%
110%
87%
11%
Dec
36%
*110
87%
95
49
24 V*
23%
24%
25
82
53%
24%
Nov
90
28 Va Jun
56% May
1% Apr
53%
110%
10
49'A
23%
84%
*90
49
24
23%
2.4
101
18
12
95Va Jun
36%
8
Dec
Mar
105% Jun
15 y2 Jan
100
11
100
8%
38
par
No
Penick
10,200
*24%
Dec
2% Oct
Apr
Jan
44
8%
106%
Jan
80
5%
25%
Sep
1
20%
par
57%
87/a
101
No
*5%
*24%
Jan
Penney (J C)
29'A
,
8%
3,500
57%
54
Dec
29%
57 V*
36
6%
60
*5%
52%
2
Oct
Apr
57'/a
35%
Dec
Jan
6
52
Oct
27
13%
57
36
3
44
24'/a
52
Nov
9
4
*23%
*34
4
Jan
1% Jan
11% Apr
6
200
24%
37
1% Mar
5%
6
Apr
Oct
May
108%
*14
Nov
60% Mar
28%
,
148%
29
3,900
*23%
14
Apr
14
*106%
6
121
42 Va
7%
42
42%
Jan
8
12
28%
42%
101
.
Jun
108%
42%
19
Apr
.112V2 Apr 17
3% May 19
Jun 11
45
2
Nov
Jan
10% Jun
12
Jan 22
34
13%
Jan
28%
24%
53
23%
17
Nov
24% Nov
55
*106%
28%
21
23
95%
*16%
11106%
Jan
10
94
3%
Oct
7
15% Apr
22% Apr
par
93%
7%
16
No par
56
7%
Apr
1
Inc
Parker Rust Proof Co
1,600
Oct
Oct
9%
74
8
37% Jun 25
35'A Jan
100
Inc
Co
&
Jan
6%
25%
No
25%
56
92%
7%
Davis
2
Apr
Apr
Patino Mines & Enterprises
& Ford
25%
56%
42'/a
*23%
Tilford
&
Jan
4%
1
preferred
Paramount Pictures
Park
8%
6% Mar
16
6y2 May 10
2
conv
Dec
24
17% Apr
5
Sep
Dec
Mar
Parmelee Transportation
24%
3%
24%
5
5
24%
*54%
42'/8
*23%
24%
5'/a
2
1
Parke
*5
4
23'% Jan 20
par
23
28% May 24
2
Jan
2% Jan
par
5
Park Utah Consol Mines
5
3Va Jan
9
1
No
900
3%
28%
May
10
Inc
3,200
41%
*16%
17
156
Jan
105% Jan
Cos
2,800
3%
28%
5
148
pfd_100
Parafflne
17%
41%
*106%
Jun
42 % Jun
16
3iy4
92%
7%
116
4
7% Jan
17%
91%
3y4
2
25
5
31 v*
92
41
2
Jan
Transp
4 %
2
&
18
55
7%
2
Jan
19
91% Jan
No
31%
25%
28
400
2
24%
*16%
17
28%
307/a
33
par
48
57%
20
11
27%
Apr
29
16% Jan
29% Jun
143%
Apr
Jun
43%
Mar 25
par
Corp
18
55
3 Va
37,100
*30
Mar 15
23% Jan
5
10
Mar
42
25% May 20
Panhandle Prod & Ref
*105
31%
13
100
31%
5
41
28%
1A y4 Jan
par
13
100
18%
55
7%
77/a
3%
40
600
27
13% Apr
25
31%
25
92
92
6,200
27
62% Jun 25
tPanhandle East P L 5.60%
380
3%
41'A
*30
5
110
3%
41%
*105
*4%
*54
109%
12
50 y2 May 20
Airways Corp
Pan-Amer Petrol
3%
30%
*18
10%
41%
26
31%
18%
110
*10
3%
26%
2
10%
*4U-/2
24%
25%
55%
40
*109%
3%
40
*30
2
*17%
*10
26
30%
*30
5%
24%
110
*105
26
25%
2
*54%
92
40
41
41
*105
2
5
3%
3%
3%
3%
41
10%
xl6%
24
No
Oil
Western
35%
*34
46
Pacific
132
8
Apr
2
preferred.—
35%
*50%
84%
300
Dec
Mar 19
5
Pacific Tin Consol'd Corp
10,900
17%
Apr
No
35%
53
45%
16%
11% Mar
58
5
Jan
Jun
38
7% Jan
Jan
4%
151
6% Jan
79
Apr
5
23 y2 Jan
& Teleg
35%
36
*84
15
150
2%
54 y2 Jan
10
Corp—
Jan
15
No
Mills
35%
*34
24
5%
5%
*14%
Ltg
tPacific Telep
34%
*50
23%
152
140
35%
13%
*7%
5%
15
*151V*
Pacific
Pacific
900
1,200
115%
59
22
No par
Packard Motor Car
14
14
5%
15
42
26
25%
115%
15,800
*108%
*108'A
*151%
152
*151%
*41%
&
4%
18
40
152
25%
4
Jan
46
9
Electric
Pacific Gas
3,500
4%
31%
3%
3%
116
28%
4%
17%
8
*7%
40
25%
115%
28%
4%
31
92%
91%
42
25%
115%
17
*14%
2%
28y2Jan
par
12.50
preferred——
2d preferred
Pacific Finance Corp (Cal)
530
Jan
Mar
10
4%
18%
5%
41%
25%
22
Co
Co
Coast
142
5
1st
4%
30
56
42%
17
28%
22
Pacific
46
4%
30
25%
28%
115%
5%
25%
*5%
*15
11
*42
Glass
4%
25%
25%
15%
28%
21%
25%
14
14
31%
*55
21%
12%
11
100
No
u-
4%
2
2
31%
*18
22
12%
46
preferred
6%
Outboard Marine & Mfg
tOutlet Co
—— —
4%
31
*30
11%
*10%
*42
151%
151
26%
25"%
42%
41
11%
10%
46
62%
115%
*25
*105
*105
28%
62
62
115%
25 %
115%
150%
*15
28%
41
41%
25
21%
15%
*15
16
*115
21%
21%
28%
*42
46
*42
21%
10%
10%
10%
10 Va
11%
11%
11%
11%
46
61%
61V*
300
17
7
Pacific Amer Fisheries Inc
11
*11%
60%
150
150
*149%
150
6%
8
10
8'A May 22
No par
*149%
69
19% May
50 V* Jun
D
4
20% July
28%
Oct
Nov
THE COMMERCIAL & FINANCIAL CHRONICI E
Number 4189
157
Volume
RECORD
NEW YORK STOCK
.
June 19
,,
Thursday'
Tuesday
June
June 21
.
STOCKS
HIGH SALE PRICES
Wednesday
AND
LOW
Monday
Saturday
June 24
June 23
,22
NEW
Sales for
Friday
June 25'
■
YORK
STOCK
Range Since January 1
Lowest
Highest
EXCHANGE
the Week-
/
-
Par
■
$ per
S per share
17
17
*108
108
108
108%
108%
102%
102%
102%
20
20%
20%
20 %
*13
13%
*13
13%
*13%
13%
109%
102%
13,600
13%
20
*13
109%
*102%
20%
"102%
102%
*19%
17%
102%
102%
20
102 %
20%
102%
17%
109%
17%
108'/a
Shares-
$ per share
171/4
16%
108
102V?.
17%
17
16%
16%
$ per share
per share
108 'A
Va
17
108
share
$ per
share
$
<
21
21
-
1,000
1,000
s
■
5,200
22
Oil
Pure
(The)
$ per share
11
No par
;
Jan
14
3
109% Jun
25
92 Va Jan
2
104% Jun
7
13% Jan
2
22
Jun
10% Jan
preferred
100
preferred——
100
Purity Bakeries
No par
5 fo
4
13% Apr
conv
Quaker State Oil Ref Corp
>19% May
per share
104% Feb
6%
.
Year
Lowest
.t per share
lp
7
4
Apr
90% May
1J42
Highest
$ per share
11%
Dec
106%
Dec
Jun
92%
Dec
25
9% Mar
14%
Nov
6
8% Mar
10%
Oct
80 V?
R
10%
'
10%
.il0%
68%
•68%
10%
68%
68%
'
'
*100%
9
9%
9%
*
95
95%
94
95%
*28
'28%
*28
28%
14%
14
14%
14%
*
29%
*18%
19
29%
18 %
33%
33
*32%
29Vb
*28%
29%
*28%
5%
4%
4%
4%
-
*60%
62
10
*18%
19%
17%
16%
*76%'
77%
*76%
*54
55
9%
*9
*98%
33%
33%
*32
*28%
29%-
*75
*4%
5
76
58%
*9%
ID
19
*9%
64%
9%
9%
■-
*18%
*18%
19%
18
17%
76%
76%
*76%
77%
*76%
*54
55
9
*9
Jan
Apr
22
Dec
6
Dec
5
x55
79
Mar
19
59%
Jun
12
38%
Jan
10% Apr
6
2%
Jun
19% Apr
6
13%
Sep
101% May 24
86% Apr
6
x94%
Jun
18%
18%
*98%
100
81%
81%
8%
8%
*88
89
89
89
90
66
66
65
66
65
50
81%
8%
5,500
90
66'A
11%
17%
preferred
t5%% preferred
170
700
11%
*11%
12%
11%
11%
11%
11%
*88
90%
88%
88%
88'A
88'/2
88
130
10%
10%
107/a
11
1,600
31
31%
7,800
*37
38%
130
11
11'A
4,200
*15
15%
100
Ritter
300
Roan
10%
10%
10>A
10%
10»A
10%
30%
30%
30%
30%
31
30%
31
31
31%
38
37
38
10%
10%
10%
10%
11
15%
*14%
15%
15%
15%
Jan
2
95% Jan
6
.100
73% Jan
4
pur
_
Oil
6
13
98
Feb
18
78% July
64% Jan
7
70
Feb
20
54
7% Jan
2
12% Jun
10
No par
\*L
8'A
8'/«
25
25
24%
26
26
26%
26%
26%
1,000
Ruberoid
*16%
17%
16%
17%
17%
17%
17'A
17%
17%
17%
2,800
2
2
4
May
6% May
if 19
Dec
Jan
100% Mar
86%
7%
Jan
Oct
129% Mar
74
,
Jan
8%
Jan
Apr
85%
Jan
3% Mar
1
32% Jun
Jun
Dec
Nov
5%
5%
751/8
38% Jun
May 28
x20
2
Apr
31% Nov
Oct
27%
Jan
64
Jan
7% Jan
7
11% Jun
6%
Apr
9
Jan
par
9
Jan
8
Apr
9%
Nov
2
17% May
9% May
6%
5% Jan
Rustless Iron & Steel Corp__
49
49
49
49
*47%
49 %
*48
48%
48%
40
32%
32%
32%
32%
32%
32%
*33
33%
34%
5,400
St
fSt
Co
7
25% Jan
-10
7
Jun
Jan
5% Jan
3%
Jan
G%
Nov
Antelope Copper Mines—.
8'A
*24%
17%
'
9% Apr
71%
49
par
25%
*48
80
.100
.No
Mfg
1'7%
*7%
4(4
5% Jan
85% Jan
Corp
*24%
8%
Dec
par
34% Feb
Dental
70
.100
No
.
..
tCommon
Richfield
Mar
.100
_
...
Reynolds Metals Co
5'A% conv preferred
Reynolds SpringReynolds (R J) Tob class B
11%
90%
X88
prior pfd ser A__
conv
Revere Copper & Brass
50
*88%
i
6 %
14
.100
.No
Republic Steel Corp
6% conv preferred
300
*65
65
59,400
100
Inc.
Motors,
Feb
7% May
2
r
•7%
10% Mar
19% Jun
20
6
4
67
49%
May
12
Remington-Rand
11
May 27
20
4
30%
*49
10
Nov
Dec
4% Jan
177A
8%
5
4
Sep
3%
70
42% Jan
*98%
8%
Jan
23%
Jan
69% Jan
18
'
25
Jan
6
Jan
1
100
*7%
65% Jun
20
par
_
May
1%
39
12
.100
17%
*24%
5
29
.25
89
8%
20
Jun
5% Apr
75% Jun
Preferred with warrants
67
*8
30
Reo
*88
8%
Nov
tRensselaer & Sara RR Co
90
*8
28%
900
*98%
10%
23% May
500
17%
*-14
34%
Mar 30
300
8'A
15'%
Nov
9%
19 V
81%
10%
15%
54
8%
36
66% Jan
Feb
Apr
76%
81%
10%
3% Jan
Dec
II1/2
5
9
8%
36
22% Jan
12
26%
53
*80%
*15
26% Jan
Dec
Jun
23% July
76%
98%
*36
22% May
Dec
22
9%
16%
38
14% Jan
54'/4
Jan
54%
98%
*36
28
Jun
77
8'A
16
5,300
_
Dec
34%
7%
25
Jan
14% Jan
No
_
_
Jun
-100
1st pfd
Mfg Co
15
30
100
& Co
(Robt)
11% Jan
26 % Jan
50
,7
Hosiery
Preferred
3%
15%
7
5
_
Silk
Dec
Apr'
*87A
9%
80%
10%
29% Jun
Jan.
Dec
90
2
'juttSll*
99
21
Dec
59%
Apr
53%
54
54
9
7%
37%
2
5
46% Mar
88
100% Apr 30
1
10% Jun
25
50
50
2d preferred
4%
Real
Reliance
18
*10%
10%
2% Mar
12% May 4
,70% Jun 24
54% Jan
100
1st preferred
4%
Reliable Stores Corp
17%
10%
*15%
4
3% Jan
No par
1
Reading Company
Reis
17%
so 'A
11%
preferred—
conv
510
17%
69
*36
t6 %
Raybestos Manhattan
Rayonier Inc
$3 preferred
300
*18%
9
*88
No par
1
Radio-Keith-Orpheum
10
17%
8%
12%
.
Mar 16
65%
19%
81%
90%
400
19%
16%
8>/a
90%
Jan
92
76
*18%
*80%
*11%
2
59
100
29
5'A
*75 f
64%
62
''
*5
76
*75
61
*28%
5%
89
89
*67%
33%
33%
29%
8%
8%
4% Jan
$3.50 conv 1st preferred™No par
600
81 %
*80
700
2,300
10
16%
f
19%
59
100
*98%
13,200
30
*9%
77%
9
15
19
5
54
16%
17%
100
14%
29%
'
16%
500
18% f-
57
17%
54
920
29%
76
19
*18%
*17%
95%
28 'A
18%
10
*9%
25,100
29%
60% J
60%
*9%
9%
27%
•V', 94
..—No par
Radio Corp of Amer
t$5 preferred B
2,500
29%
*75
76
*75
14%
14%
28
29%
4%
76
61,400
-
'•
—
14%
-
•-•/''•'
28
33%
29 Va
*4%
19
33%
*28%
*75
93%
•
11%
/
70
19
*29%
29%'
18
*33
33
93%
•4
9%
9%
9
94%
10%
70
*100%
&• 28%
14%'
14%.
13%
18%
18%
-
*100%
•
30
*29%
'
—
9%
*28
28%
*28
•
*29%
70%
93%
'
•94
93%
11'A
69%
9
9%
8%
107/a
70
*100%
*100%
101
8%
101
100%
'
11%
69%
11
10%
68%
10%
68
7
26% Jun
16
Feb
21%
Dec
11% Jan
6
May
13%
Nov
4
18
May 29
49% Mar 19
7
Jan
34% May
47%
Nov
28% Jan
2
36% Mar 30
23
34%
Jan
No
par
1
20% Jan
No
(The)__
$2.50 conv preferred
par
43
O
s
*32%
32%
'
*42
iff
11
%
%
U
U
2,800
1%
1%
1%
1%
1%
1%
7,500
7%
*6'A
7%
*6%
7%
*6'/8
7%
*6'%
7%
*7
9
7
9
*7%
8%
*7%
9%
*7%
9%
*7'%
9%
41%
41%
41%
41%
41%
41%
111%
111%
111%
111%
111%
111%
9%
9%
33%
33%
42%
*111%
%
1%
*6%
7%
*
112
9%
9%
9%
10
33%
33%
33%
34
*104%
*40%
104 %
41%
104%
*40%
105
42 Ve
10
33%
40%
42%
*40%
41%
111%
111%
112
200
9'%
10%
9%
10
41
33%
*104%
105
*104
41%
*111%
10
*103'%
40%
*114
115
*114
115
*114
115
*114
*110%
113
*110%
113
*110%
113
*110%
113
l'/a
1
1%
1
1
1%
1
2%
2%
2%
2%
2%
2%
2%
*23%
24%
23%
23%
23%
23 Va
*23%
*110%
1%
2%
104%
200
42'%
200
Scott Paper
114
*110%
114
1
1%
2%
2%
2%
23%
24
40
114
11,800
l'/a
76%
15%
15 %
.
Eeagrave
3%
3%
3%
3%
77%
77%
78%
78
79%
80
81%
7.400
15%
15%
15%
15%
15%
15%
16
17%
11,109
3%
*3%
*3%
3%
'
3.900
*14%
15
14%
14%
*14'/2
14%
15
15%
15%
15%
15%
16%
*68 %
68%
68%
68%
*67%
68%
68
68%
68
68%
68%
68%
370
14%
14%
13%
13%
13%
14%
14
14%
14%
14%
14%
14%
6,500
70
70
70
69%
69%
*67%
69%
69%
200
4,800
'
9%
10
43%
26%
26%
25%
1%
10%
10%
10%
38%
38%
39%
4
4
3%
26%
26%
26
*1
1%
*1
25%
26
26%
26%
26
3%
*25%
26
10%
*38%
10
*43
*1
1%
1%
10
45
25%
26
26
10
*43
3%
4
*25%
10%
44%
26%
26 %
4
*69%
44%
9%
43%
70
*69 %
*25%
25%
10%
10%
10%
10
10 %
45
43
43
44
44
26%
26%
4
10%
10%
*38%
113
113
112
111
111
113
113
*111 '
113
*111
114
26 f-
10%
•
*25%
10%
10%
39%
10%
111%
*111
*1
1%
*25%
39%
111%
112
26%
26%
*1
1%
4
4
*26
26
27%
27
4
26%
38%
10%
38%
111
*67
x39 %
80
27'%
4,400
26%
1%
J
10%
1,300
34'/a
34%
24%
24
24
*24
24%
32%
32
32%
32%
33%
33%
33%
32%
33%
32%
32%
4,700
13%
12%
13%
13
13%
13%
13%
13
13%
13%
13%
32,200
3%
3%
3%
3%
3%
25%
25%
25%
25%
24%
25%
500
27%
27%
28
27%
27%
27%
27%
2,300
3%
27%
*146
*144
149%
22%
22%
*146
149%
149'%
*144
149%
*144
3%
25%
3%.
*25
22
22%
22%
22%
12%
12%
13%
149'%
23
4,400
12%
2,700
Southern
24%
25%
24%
25%
25%
26%
25%
25%
25
24%
25%
25%
26
25%
25%
44
44
43%
43%
42%
44%
44%
44%
44%
*59
CO
59
59
58%
60
58
58
5%
5%
x5%
*4%
.
43%
*58
58%
5%
5%
5
5%
5
5
*46
54
*46
54
*46
54
29
29
29
29
*28
29%
29
29%
30
30
40
40
5%
30%
30%
41
*40
30
30
.
40%
40%
59%
6%
6%
36%
36%
115
115
30%
*114
36
35
*115
117%
49
*115
114%
114%
7%
7%
7%
7%
112%
112%
112%
111%
45
5%
5%
36%
60
37,600
14,000
3,800
:
210
5%
6,500
5%
300
*47%
54
*28%
29%
600
30%
30%
5,200
41
6%
36%
*115
41%
59%
6%
50
36%
1,200
90
32,900
1,700
1,500
7%
115
115%
7%
*111%
Natural
Southern
5%
7%
115
30
28,000
300
1
1
2%
3
3
1%
1%
3
3
23%
*22%
23%
1
1
1
3%
3
23
28
l'/a
1%
1'%
3
3%
23%
23%
28%
3'A;
*23%
28%
23
28'%
1%
3
1%
8,700
3%
7,500
23%
24
24
29
28%
29%
900
preferred
3,700
Sparks Withington
Spear & Co
$5.50 preferred
•
Spicer Mfg Co
$3 conv preferred A
Apr
Jan
Standard Gas & El Co
$4 preferred
$6 cum prior preferred
preferred
27%
28%
36%
37
36%
37%
37%.
38%
38
38%
37%
38%
15,800
Standard Oil of Calif
34%
34%
34%
34%
34%
34%
35
34%
35%
15,200
Standard Oil of Indiana—
56%
56%
55%
56%
55%
56%
56%
56%
56%
57
43%
43%
*42%
43%
43%
43%
43%
43%
43%
43%
*42%
43%
900
8%
8%
8%
8%
8%
8%
8%
8%
8%
8%
8%
8%
13,600
*29%
30%
*29%
30%
30%
30%
30%
30%
29%
30
30%
30%
1,000
60%
60%
60%
61
59%
61
60
60%
59%
60
60
60'/2
2,500
Sterling Drug Inc
13
13
12%
13
12%
12%
13%
13%
13%
13%
13%
13 7A
3,100
Stewart-Warner
10%
10%
No par
No par
No par
10%
10%
9%
10%
9%
10%
9%
9%
9%
9%
9%
9%
11%
12%
12
54%
55
*54%
*126
128%
*126
57/a
*19%
3%
26%
5%
19
*126
9%
12
53%
54%
126
128
6
6
6%
19
19%
19%
3%
3%
3%.
3%
75
74%
74%;
*74%
28
27%
29%
28%
29%
30%
30
30
30
30
*29%
♦12
*29%
26%
For
'
9%
12%
27%
30%
12%'
5%
18%
3%
29
*11%
5%
19%
9%
12
54%
55
128
10%
75
3%
*29%
11%
55
*126
5%
76
*28%
11%
12
54%
128 %
18%
5%
20
*74%
<
'
;
footnotes
3%
3%
75
*11%
12%
*11%
12%
*11%
12%
26%
26%
25%
26%
25%
25%
see
page
2423.
.
*74%
28%
V
10%
10%
10%
28,000
9%
9%
9%
6,500
12%
12 'A
54
126
6'%
19%
3%
76%
29
30%
12%
25% <26
*53%
*125
6'A
20
3%
12%
56
126
6'A
20%
3%
75
75%
29%
30%
*29%
30%
12
25%
12
26'A
13,900
1,000
No par
Standard Oil of New Jersey
Btarrett Co
(The)
Stone
&
5Vk
1
No
Webster
(The)-
pfd (4% %
Sunshine Mining Co
,1
No par
Sun Oil Co
Class A
par
cum)
100
100
Superheater Co (The)
No par
Superior Oil Corp
1
Superior Oil of Calif———25
Superior Steel Corp
100
Sutherland Paper Co
10
Sweets Co of Amer (The)
,12%
Swift & Co
25
7%
35
Nov
Aug
18%
4%
17
Dec
Jan
Dec
1%
27
Dec
Nov
118
Apr
65
Apr
108
4
36% Jun
July
15% July
11
9
25% Jun
10
33% Jun
22
5
20%
Jan
15% Nov
17
Feb
6% Mar
6
Apr
Oct
Jan
Dec
10%
Dec
1% Mar
13% May 27
2
Apr
30%
100
113%
2%
Jun
15%
Jan
13% May
14
25% May 27
Apr
17%
Jun
261/4
Jan
7
1221%
Nov
144%
Jan
25
Apr
14%
Apr
91/4
Apr
12%
Jan
30% May
1,0
Jun
18V8
Nov
30% Apr
18%
Feb
49% May
12% May
23% Jun
39
66
Apr
34%
Jan
50'/a Mar
6% Jun
11/4
Apr
1%
Nov
Jan
Jan
Jan
Jan
....
No par Af
10
Stokely Bros & Co Inc
Studebaker Corp
Dec
Nov
10
A Jan
1% Jan
9
Jan
10% Jan
•?'' 28% Jan
25
Corp
19%
8
Mar 31
43% May
126 % Apr
6
6
4
26
2
18
9
2
7
6
28
10
Jan
Jan
Jan
113
Feb 17
4% Jan
2
100% Jan
7
1
L S
Apr
Jan
9%
Jun
35%
33
109
49
—25
Standard Oil of Ohio—
%
20% Aug
60
66
Jun
57
3
25
Standard Steel Spring
Jun
11% May
10% Nov
30
24% Jan
32% Jan
par
No par
21%
7
Apr
May 29
Nov
11% Dec
146
21% Jan
No par
34%
15,200
41/4 Mar
30% May
10% Apr
62%
10% May 27
May 21
11
Jan
2
Jan
6
Jan 19
Jan
2
Jan
4
Jan
2
No par
1
No par
No
Brands
5
28
Jan
2% Jan
2% Jan
No par
No par
$4.50 preferred
Deo
Apr
33
__100
$5 pref series A
Apr
Sep
3% Mar
15% Jan
7
15% Jan
2
35% Jan
9
42% Jan 12
pjr
1
preferred
8
Feb
Dec
21% Jan
2
10% Jan 13
No par
1
Square D Co
43% May
4% Jan
4%
16% Jan 11
20% Jan
2
132
Jan 15
2
37%
57%
25
25
54 %
2% Jan
tConv $4.50 preferred__™No par
34%
57
'81% Jun
4
100
Spiegel Inc
34%
29%
Dec
18
No par
36%
28%
1%
52
No par
Spencer Kellogg & Sons
Sperry Corp (The)
$7 cum prior
10
1% Feb
100
28
r
4% Jun
17% Jun
'
*23%
171/a
26% Jun
No par
t Mobile & Ohio stk tr ctfs
Standard
Apr
2
25
No
Squibb (E R) & Sons
115%
lO'/a
5
7.50
Ry
conv
1
5
2
5
Co
Gas
Southern Pacific Co
&%
117%
*65
115%
7%
112%
7%
44%
*58
49%
*64%
*65
114%
115%
26%
6%
117%
271/4
25%
--49%
36%
36
117%
26%
59%
6%
6%
35
40%
58%
59%
49%
115
*112
40
40
6%
*65
7%
8
30%
301/a
48%
*65
112
29
6%
115%
*114%
7%
112
29
48%
*115
5%
54
29%
6%
36%
5%
*4%
*47%
48%
117%
36%
*115
*64%
59%
5
6%
118
*115
*58%
40
*58%
26%
5%
5%
54
49 v4
48
49
47%
59%
59%
6%
*59
*47%
257/8
26% Jun
2% Jan
16% Jan
l'/a Jun
1
Southern California Edison
12%
24%
5%
preferred
22%
26
ift
11
"
12%
Dec
25
No par
100
13
25%
5%
Rico Sugar
22%
13
*5
Packing Corp
13
22%
13
13
t c
S'eastern Greyhound Lines
8%
149%
Corp
South Am Gold & Platinum
Porto
%
16
No par
10
No par
No par
15
Socony Vacuum Oil Co Inc
So
1
10% Jun
15
22%
22%
*12%
*146
3,200
4% Mar
5
10%
28%
77
111
19
15%
16 Ve
10 %
13%
Jun
8
No par
32%
i/s
16% May
73% May
Oil
Snider
Dec
1
27% Jun
10
Smith & Cor Type v
Jan
113'/4
Mar
16% May 4
68% Jun 24
21
Smith (A O)
Dec
116
4
No par
t$6 preferred
39
1091/2 Aug
1061/2 Jan
Mar 23
Oct
Apr
7
Simonds Saw & Steel
700
16
44% Jun
1.800
34
24
Feb
8
4
33% "34
34
251/2
98
Jan
Simms
Corp
Dec
1
May
Jan 20
Jan
7
100
Sinclair
Jan
21%
Jan
100
16.700
Jan
19%
Apr
Feo
14
No par
Petroleum
110 V
Dec
78
5
Mines
Silver King Coalition
Simmons Co
Sep
12%
May 26
105
13
Jun
7%
x9%
Jan
Jan
120
39'A
104
11
19
17% Jan
No par
Oil
Union
Jan
15
Pen Co
tSheaffer (W A)
Shell
44
8%
64%
5%
31'A
9
pref ser A
Shattuck (Frank GV——No par
$3.50 conv
Sep
29% Apr
5
54
"
No par
No par
113
24%
3%
No par
Jan
.v; 10% Jan
No par
preferred
conv
Sharpe & Dohme
113
34%
26
Sharon Steel Corp..
112
33 %
27%
No par
1
112
24
3%
5
tSloss-Sheffield Steel & Iron™100
24 Va
27%
-
Skelly Oil Co
34%
*25
—-100
Co
10
37% Apr
Jan
9
May 4
107% Jan 23
& Jan
2
% Jan
2
16% Jan
4
2
Jan
8
59% Jan 12
No par
600
24%
4
38
111
270
33%
28
15
113
24%
26
96
.
Jan
Mar
12 Va Mar 26
8
12
112%
35%
4
Inc
Jan
5
112% Jun
9% Jun
112
39%
*24'/a
*27%
7
105% Jan
—5
Sep
2
8
42% Jun
—
-
,
Sears Roebuck &
Servel
$5
7
*110
*34%
*24%
Corp
1,700
4
26
—-
JSeaboard Air Line
300
76%
Jan
No par
—No par
No par
No par
.
600
777a
13
35
A Nov
1 Va
11
9
.100
Co
4-2% preferred—
Seaboard Oil Co of Del
4,000
2%
24
Jan
16
——.
$4 preferred
114
Jan
y#
19% Jan
Corp
$4.50 preferred
j'a
1
Jan
.100
*103%
115
1
3 % Mar
7% Jan
preferred
105
*41
1% Mar
2
4
par
Savage Arms
42%
6
32
.100
Schenley Distillers Corp
5 % %
preferred
24
May
Jan
% Jan
i'
.100
-Tr-
.100
2,600
15%
*3%
77%
15%
W
—
3,500
1
24
5%
.100
■v
34%
3%
3%
77%
3%
115
-10
—
Francisco—
preferred
fSt Louis Southwestern
5% preferred—
Safeway Stores
33%
*40'%
115
3,200
42%
Louis-San
6%
34
34
105
Joseph Lead
"
%
1%
%
1
1%
*6%
11
%
1%
%
%
1 %
33%
f
28%
46 %
37 %
7
25
Jan
2
4
5
5
8
12
2
4
29
2
Jan
Jan
Apr
Jan
59% Jun 24
7% Jan 12
4% Jan
5% Jan
5% Jan
48% Jan
122
Apr
3% Jan
2
5% May 27
2iy8 Nov
Oct
3
Aug
3Va Feb
10
31
Dec
59
17
171/2
Apr
24
35% Mar 15
21%
Dec
31%
41% Jun 25
30
Sep
37
Mar
59% Jan
26
49
Mar
60
Jan
6% Jun
25
2%
Sep
4%
Jan
6
37% Mar 12
29%
Sep
451/2
Jan
277/a
Jun
38%
Jan
55
Jun
29% Jun
51% May
Jun
18
66% Jun
4
116% May.
6
115
108
Dec
40%
Apr
July
Nov
114
Jan
Feb
49%
Jan
113
Jan
17
109% Aug
2% Apr
5
Jan
1121/s Jun 22
89% May
110
8
Jun
a'a
2% Mar 13
6% Mar 13
26% Apr 29
Jan
% Ofc
Sep
% Apr
5% May
2%
Oct
11%
Jan
6
Apr
13%
Jan
18
Mar
29 V*
Dec
20
Apr
29
Dec
Apr
47
Dec
251/4
Apr
40
Nov
22%
Dec
34% Jan
42
Apr
62
32V2 Apr 30
40
May 8
35% May 29
57% May 10
30%
451/8 May 26
5
31% Mar 31
9% May
66
May
1
14% Jun
7
10% Jun
18
5Va
Jan
Dec
8% Nov
3y« Mar
4%
Jan
2
10% May
7
4
Apr
6% Nov
6
13% Jun
5
3%
Jan
6%
6
9
2
12% Jan 2
1% Jan 2
58% Feb 23
14% Jan 20
26% Jan
4
4% Feb
22% Jan
13% Apr
1
2
63% Mar 30
43
116%
Apr
Apr
55%
128
Nov
Jan
Dec
Jan
4
7% Apr
1
3% May
5%
May 28
11% May
15%
Jan
1%
Jan
9% May
16%
Dec
Feb
26%
Dec
127
22
4% May 10
82
May
31% May 27
27% Jun
Apr
Jan
7
31% Mar 25
I2V2 Jun
1
5
2
17%
3y8 May
20
Sep
4% Aug
25
Jan
THE COMMERCIAL
2420
AND
LOW
June 1!)
t
$ per share
21%
22%
22
237a
57%
56%
60%
59%
617a
21%
21%
*2078
21%
*21%
11%
♦10%
26
*23%
21%
56%
22%
*10'A
20%
57%
57
*21 '/a
*24
49%
49'/a
3%
1
1%:
£ «
*36%
179%
%
22%
21%
*36%
179%
36%
180%
36%
180%
118
.
*19%
21%
21%
21%
36
36%
3672
500
i
2,400
180%
181%
180
18172
1,050
*116%
117%
*1116%
117%
10
14%
147/a
15
14%
15
147a
15%
16,700
56
55%
557a
55%
55%
55%
55%
900
543%
55
1,900
11%
1174
11%
1178
11%
11%
117a
117a
7,300
*100 7a
1007a
*10074
1007a
10072
100%
1007a
1007a
60
14%
14%
14%
157s
15%
15%
157a
157a
157/a
16,500
115%
15
115%
115 74
*115 74
1157a
115%
115%
*11574
115%
250
38%
*36
;
54%
55
55
15
11572
*54 3/8
547a
547/a
19%
1974
197a
19%
197a
*19%
1974
19%
19%
1,500
38%
19%
19%
*36
1,500
11%
54%
11%
36
36
36
36%
36%
36%
3674
3674
220
5%
5%
1,300
*5 7a
5%
5%
♦39
40
40
40
407a
57a
*39
407a
10
11%
*11%
11%
11%
117a
U 3/a
11%
11%
11%
11%
11%
600
17%
18%
.17%
177a
177a
187a
18
18%
18%
187a
18 78
18%
47%
47%
47%
47%
47%
48 74
477a
48
48
48%
48%
483A
12,100
3,100
67a
7
7
7
5%
5%
5%
5%
5 74
5%
40
11%
*39
*39
40%
*39
No
Dock
27
31 & Jan 27
143/e Jan
5
110
22
118
Jun
11
80
May
109
Feb
53% Jun
10
2374
54
Jan
f»3
101
Feb
1
352
Jan
Mar
1
7a
Jan
17a Mar
3
%
Jan
14
267a May
7
19
Jun
303%
Jan
37
8
15%
Apr
23%
Dec
5
6
Jun
is
Oct
2%
Sep
Oct
preferred series
162 Vz Jan
2
183% May 19
143
Mar
192
113
Jan
9% Jan
5
118
108
Mar
116 V2
Sep
672 Mar
11%
Nov
50
50
prefeired series
4972 Jan
487a Jan
5
527a
Jan
53
Jan
9'% Jan
2
1
Aviation
Northern Central Ry Co
50
100
Northern Pacific Ry
tNor States Pow $5 pfd
No par
No par
Air Lines
50
Telegraph
No par
Norwalk Tire & Rubber
Preferred
t
4
Jan
272 Mar
Dec
10
North American Co—
Northwest
6
2
4
May
100
preferred
Northwestern
Jan
4
26
100
fNorfolk & Western Ry
American
Dec
Dec
20% Jan
53A%
Dec
Apr
607a
1
North
63/a
1674
1274
4
5
6%
Jan
Jun
T7a Jan
1% Jan
A Jan
4%
Feb
Feb
157a
Apr 22
100
tAdjust
17%
51
Jan
Apr
153
Shipbldg Corp part stk
Jun
Dec
1074
12
preferred—1®#
Noblitt-Sparks Indus Inc
11%
35
May 22
27
$N Y N H & Hartford
Y
247a May 20
643A May 20
26
120
28Vn Jan.
N
$ per share
2
4
100
Conv
Highest
$ per share
7
«7s Jan
tN Y Lack & West Ry Co-
IN Y Ontario & Western
$ per share
16% Jan
—50
non-cum
Lowest
637a Jan
par
—50
—,
Jan
preferred
5,200
100%
54%
*100
115%
115%
10,100
%
36
181
*55 7a
100%
14%
1%
3%
367a
14%
12
11%
1%
21
11674
55%
640
367a
181
55%
10 9!-
22
11674
Corp
5% preferred-----^-——»> par
'">■3%
<
York
New
50
H
Omnibus
N Y & Harlem RR Co
367a
118
14%
1%
3%
.
-----100
No par
preferred series A
590
21%
180
14%
&55
*54%
►100
1
33/a
tt
1797a
55%
*55%
17a
3%
!A
*11674
*116%
15
15
1
37a
6%
$ per share
!!
1942
Year
Highest
-100
N Y Chic & St. Louis Co—
126
,49
Lowest
Par
26%
A
Ran£e Since January 1
-
.
NYC
*8
36%
118
v,
497a
49
17a
%
m
49%
*115
Range for Previous
STOCK
YORK
exchange ',
200
120
119
126
3 7a
3
22%
22%
*22%
497a
*115
2,500
11%
*1074
*24 7a
126
1
3%
.
1.1%
26%
119%
NEW
.
13,200
22%
*10%
*115
49
61
*217a
119%
119
49
227a
60
60%
22
*24%
119
126
227a
227a
59%
*21%
for
Shares
$ per share
1174
*1074
*23
*115
3%
3%
%
49%
48%
jAT'fr
1
126 ■;
S per share
*22
the Week
26%
1174
267a
:
117%
22
118%
*10%
•24
119%
*118
126
*118
11%
26%
118%
119%
119%
"117
$ per share
'Monday, June 28, 1943
STOCKS
Sales
June 25
June 24
-June 23
'
i 21%
21 y*
;
per share
$
per share
.
Friday
Thursday
Wednesday
Tuesday
June 22
PRICES
SALE
HIGH
Monday
June 21
Saturday
& FINANCIAL CHRONICLE
-50
——
9174
1%
107
167a
36
x37t
5
Jan
6
Jan
Jan
2
Jan
2
19
Jan
Jan
6
14
31
Jan 15
87a Jan
6
2.50
Norwich Pharmacal Co
7
Jun
7
16% May 10
4
56% Jun
39
56
39
Apr
Jan
Jun
8
14% Apr
1005/h Jun
8
974
Dec
14
25
857a
Apr
96
187a May 6
11574 Jun 21
4%
Jan
8%
100
Apr
1107a
8
Apr
17%
Apr
38
20 3A
May 12
40
Feb
15
57a Jun
45
31%
7
1
7
Apr
Apr
20
12% Mar 25
:
Jan
Jan
Jan
Nov
Sep
Dec
Mar
3%
Dec
Feb
73%
34
Oct
Sep
1074
Jan
O
'6%
7
7
*84%
86%
*84%
86%
*84 7a
*8%
20%
9%
20%
197a
7
86
8674
*8 7a
19%
'99
♦20
67a
7
197a
*86
86
*8 7a
9
193A
67a
883/a
7
*86
3,800
887a
30
*8%
9
197a
9
197a
20
19%
20
2,700
300
150
9
9%
400
No par
11V2 Jan
Oliver Farm Equip
Omnibus Corp (The)——
No par
8% preferred A
Oppenhetm Coliilis
100
No par
29% Jan
37a Jan
69
Jan
372 Jan
2
2
8 7* May 22
Mar
4
90
7
107a Jun
—.—No par
157a Jan
8
217a Jun
Ohio Oil
Co
6
——
Otis Elevator-
*149 %
150
*149%
*149 7a
150
150
1493A
150
*33%
36
*33%
36%
*33 7a
36
*33 7a
367a
*33 7a
36
*33 7a
36
Outboard Marine & Mfg—
59
*56
59
*56
587a
*57
59
*57 7a
59
*57 7a
59%
tOutlet Co
*56
150
150
60%
60%
60 3A
6174
61%
62
62
*1172
11%
113/8
117a
113/4
113/4
11%
61
61
150
preferred
6%
j
>
627a
62%
627a
5,100
Owens-Illinois
12%
1274
12%
1,900
100
,—5
No par
Pacific Amer Fisheries Inc
Glass
12.50
Co
13
6
2
142
1974 May 8
5074 Jun 10
6%
Apr
59
Deo
307a
Dec
Jan
2%
12%
Jan
17
67a
Jan
Jan
79
27/a Apr
117a Mar
2
Jan
47a
Jun
177a
Dec
5
151
Mar 19
132
15
38
Apr
8
Xl67/a
46
Jan 22
547a Jan 12
58
Apr
24
42
627s Jun
25
4374
Apr
5774
Dec
Jan
2872 Jan
Mar
1437a
Apr
277/a
Jun
48
Sep
Dec
Mar
P
11%
*11%
10
10%
10%
*42
46
*42
217a
22%
.'■*21%
*15
15%
*15
28 3/a
28'a
28%
41
42
42
115%
*151
28%
41%
*15
28 3/4
41
*42
21%
21%
*15
153/4
28 3/a
287a
42%
41
15174
152
*15174
152
574
14
5 3/a
*15172
574
574
5%
14
*14
14
*110%
110%
3%
3%
1107a
374
41
42%
43/8
*10
10 5/a
*10
1103/4
110
110%
110
33/a
41
*105
25 3/a
40
41
—
*105
-
253/4
30
30
*30
2
2
31
31
2
31%
31
31%
18%
17%
18
5
5%
5%
24 %
25%
*54%
56
55%
92
92%
7%
8
3%
3%
40
40
*16%
17
92
77a
33/a
40
17
28%
28%
*23%
24%
♦56%
28
57 %
*23%
57
307a
&8%
24%
57
373%
*109%
374
2
2
*1674
17
5
*5
73A
9374
94
95%
77a
3%
42%
17
*16%
247a
*23%
24%
*23 7a
247a
563A
563A
567a
57%
57%
577a
5774
*5%
57a
100
44
10,200
147a
600
1,200
6
*50%
53
52
52
523A
54
*34
37
*34
36
353A
36
*24%
25%
*24%
25%
*2474
2574
257t
2574
*24%
8%
8%
8%
87a
874
83A
87a
87a
*874
7%
7%
7%
73A
774
*7 7a
427a
14
8
24%
87%
87%
87%
88
1,400
110%
110%
110
110
160
*113
115
30
11
300
1147a
1147a
*90
49
49%
49
*5%
5%
5%
*87
90
*87
;
24
23%
24%
:
*98%
120
*98%
53
*8
8%
8
78%
*75
13%
23%
6
*75
13%
90
120
52
;54
*53
6
6
6V'a
6 %
49%
*
13 3/a
8
78%
137a
4974
*574
87
237a
497a
*9 7a
*90
49%
6
*574
87
*843A
23%
23 7a
120
*98 7a
6
6
674
52
52
*98 7a
*7%
*75
*13 74
8
787a
14
52
11
*90
95
497a
9f300
6
♦57a
57a
*5%
5 5/a
100
87
*8474
237a
2474
*98 7a
6%
57a
6
*5%
53%
49%
51
77a
8
R
75%
75
75
13%
175
*158
175
180
*18074
1817a
*180%
1817a
6
6%
57a
8%
8%
*8%
8%
87a
95
*80
95
*88
*47
48
46
47
46
*66
68
66%
67
14%
*13%
137a
*161%
170
*161%
*4%
% 5
4%
*52%
53
*45
*51
137a
170
*66 7a
*13%
*162
4%
4
53%
*51
8%
95
87a
*88
6
87a
95
67%
68
68
68
47a
4%
147a
170
47a
*1374
*162
4%
97t
800
98
143/a
47a
100
21%
21%
400
11
11
117a
6,000
Poor & Co
16%
16%
167a
1674
167a
1.6 Vh
17
17
17%
4,100
12%
13,500
12%
"300
5%
conv
200
5%
conv
16%
16'/a
11%
11%
12
11%
11%
11%
117a
*11%
12%
*11
12
11%
1174
*ll3/a
12%
38%
*35
38
*34%
3674
*35 7a
37%
55%
547a
55%
55
*120%
123
1227a
14%
15
147a
143A
147a
137a
14'A
147a
14%
14 74
86%
123
123
55
123
1474
147a
117a
-*117a
*35
54%
*121
147a
14%
117a
113A
127a
*12%
38
377a
38
5474
547a
543/4
123
147a
147a
*121
147a
14%
123
147s
147a
3,500
60
9,400
6,650
Sep
2
Jan
32
Jun
44
Jan
17% Mar 26
1097a May 5
11
May
May
15
Aug
104
Mar
17a
Feb
467a
1%
287a
57a
347a
9
5874 Jun
11
36
4774
Feb
9
Jaif
6
67a May 23
45 74 May 7
167a May 18
5872 May 20
4
Jun
77a
36
Feb
18
Apr
May
5174
4174 May 20
297a
Jan
26 % May
8
19 V4
Jun
2774
10
Jun
4
4
Apr
67a
Dec
par
23
Feb 20
674 Jan
4
57a Jan 12
8
Jun
2
5
Mar
6
Jan
23% Jun
297a Mar 29
22
Dec
19
Jan
Jan
6
Feb 18
Jan 27
15
Apr
% Jan
274
157a Mar
30
Jan
4974 Jun23
28%
2
87 V2 Jun
24
49
Apr
7674
2674Jun
1
77a
Jun
xl4%
10
71
20
907» Jun
3
557a
Apr
100
106
Apr 20
14
98
100
111
Jun
11774 Jun
4
103
Jan
Feb
25
44
77aMa/>y
30
174
3
90
Jun
26
May
102
Jan
43
7
8
79
Jan
Dec
Dec
1077a Mar
May
Jun
110
Nov
9
Jan
80
Feb
uct
46
May
Apr
Dec
37a
Dec
8
37a Feb
8
100
3474 Jan
6
5
Jan
25
59
Jan
14
97a Feb
4
100
24
Jan
13
100
66
Jan
4
100
772 Jan
2
pfd—100
150 V2 Jan
4
l
Ry 7%
65
26
4
No par
l3/4 Jan
8
(The)
Apr
18
102
No par
pfd
50
Apr
67a May
29
Jan
70
Jan
1
Jan
18% Jan
100
Corp
12
927a May 18
Jan
407a
4
37
Oct
Jan
Jan
14
50
Dec
Dec
3274
133/4 Jan
Pittsburgh & West Va
22
4
Jan
Mar 26
9
33A Mar 26
44
Jan
5
pr
Dec
Nov
5
1074
3
•
23%
13
*21 u0
82
16% July
47a Jan
113A
Dec
567a May
17a Apr
25
4
597/8 Jan
22
Oct
60
24% Jun
—100
11%
297a
Apr
687a Jan
preferred
conv
Nov
Jan
44
9
No par
22
16%
No
preferred class B
preferred class A
107a
l'/a
137a
4
17% Feb
Pittsburgh Steel Co
22
A Mar
6
257a
4
107a
6 % May 22
177a Mar
1087a
Jan
213A
8
May 20
Jan
4
11%
23A Apr
187a
No par
22%
Nov
5
Pitts Screw & Bolt
70
101
3
ser
Oct
Mar
90
Dec
32% Apr
9
1,200
18
Dec
38
2*
21
53
105% Jun
274
Apr
2372 Jan
Jan
207a
107a
1374 Jan
6
1087iJunl8
Jan
43%
90
1% Jan
5
23
Jan 12
175
207a
1067a
Jan
207a
Jan
170
*42
Sep
1
17
37a May 19
Jun 11
45
Dec
100
*52
101
112V2 Apr
Oct
Jan
27a
—100
537a
87a
2972
4
preferred
20%
Dec
2
Oct
Decr
Jan
6
Pittsburgh Forgings Co
43
67a
107a Jun
No par
& Iron
527a
27
17a
6
preferred
20
Apr
197a Apr
1374 Aug
5
$5 conv preferred
43
1174
19 7a Mays22
Pittsburgh Coal of Pa
197a
44
3774 Jun 25
32
100
Co.
3
7
100
Pittston
9
Jan
7
No par
Pitts Young & Ash
2,100
Jan
17a
Apr
2
Jan
13A Jan
Flour Mills
1st
Nov
57a
8
5
17a Jan
374 Jan
Hosiery
5 72 %
4
Oct
16
33 V2 Jan
Preferred
210
Nov
277a Jan
16
68
1487a
Apr
17i Mar
par
37a Jan
48%
121
May 8
672 May 10
177a Apr
6
Oct
20
5%
Jan
156
Jan
Jan
7%
19
101
Apr
177a
No par
7%
Jan
Apr
17
Phillips Petroleum
6%
Nov
1374
74
Apr
7
530
170
Jan 22
5
527a
22%
15'a
*13 7a
*162
6,800
100
17
44
11%
15
9
*88
6%
2
73/4 Feb
197a
23
122
9%
98
x6
Jan
797a Jan
5274
♦11%
*120
*8%
*88
6%
2
3574 Jan 12
10972 Jan
Pitts Coke
34
227a
28% May 24
Jun 24
_25
RR
Pitts Ft Way & Chic Ry Co
~50
23 7a Jan 20
772 Jan 16
10572 Jan
2
100
44
*22%
55
6
677a
147a
400
175
i«3
68
170
1.374
*158
47
47a
60
*lbo7a
46%
*13 7a
700
iuO
46%
*162
1,700
8
175
47
4%
50
180
467a
1474
2,300
2
No par
Pillsbury
Nov
Oct
Pitts C C & St Louis Ry Co
78
*158
467a
170
53A
4
Phillips Jones Corp
7% preferred—
523A
20
56
1.33/4
30
1,400
2
Jan
27a Jan
par
Philip Morris & Co Ltd
tPreferred 474% series
t47a%
series—
20
45
19 3A
56
14
8
243/4
37a Jan
9
No par
Corp
44
45
20
*37
*13%
49
*70 7a
87
120
247i
147a
-—10
fS6 preferred
Pncenix
Apr
157a
Oct
4272 Jun 23
9572 Jun
No
tPhiladelphia Co 6%
Philco
Nov
116
11
Corp of America
Brewing Co
Phelps-Dodge
Corp
*1974
46%
19%
11%
87
24
120
*158
♦80
87
23%
*98%
120
77a
57a
95
49%
181%
6
420
497a
175
6 %
1,310
44,580
49%
7574
13%
43
483A
88
49%
*180
6%
115
*10%
*158
180
*113
11
95
175
♦158
10,800
88
11074
95
25
247a
2
Jan
Pfeiffer
247a
4
Jan
80
Petroleum
2374
Jan
29
May
6072 Mar
Pet Milk Co
2,300
33
19
917a Jan 25
148
Jan
5
14
Corp
100
1.200
8
21
1174
400
1
100
100
100
9
247a
1107a
*90
25%
Jan
25
—100
9
Oct
7
287a Jun
fPeoria & Eastern Ry Co_
8
48%
877a
11
*'24 7a
16
30% May 27
Peoples G L & C C (Chic)
9
Apr
22
No par
100
50
:
5
77a
2474
877a
95
25%
5
Jun
preferred
77a
Oct
257a
974
11
23 74 Jan
55
Cement
400
*86 7a
877a
114%
37
483A
'87%
*97t
547a
*35
24%
x87%
*90
*533/a
36%
87%
88 %
*114
5374
24%
24%
11
53%
36%
48%
*87%
116%
147a
Jan
67a
Apr
20
297a Jun
87/a
Apr
47a
12
10
No
Pepsi-Cola Co__
Pere Marquette Ry Co
5% prior preferred
5% preferred
87
'247a
*113
14%
1,100
25 74
2474
115%
427a
4974
23 7a
1107a
*14
6
42%
87
47
86
24'/a
*110
42%
4774
467a
84%
23%
110%
*5 7a
867a
46%
84'/a
24%
*110
-
1672 Jan
674 Mar
16
17 72 Jan
Peoples Drug Stores Inc—
*23%
10
—No par
Co
Coal & Coke
Pennsylvania
Mar 25
par
$7 conv pref ser A
5%
17,200
Mar 15
13
1572 Jan
2,50
Penn G1 Sand Corp
24%
53
95
17
*23%
36
*9
Penn-DIxie
1,100
29%
*34
10
Penn
2,200
10874
*50
10
*163A
1,600
33/B
287a
57
(J C)
1374 Apr29
507a May 20
257a May 20
1
,__No
Parker Rust Proof Co
Penney
2
5
«—1
Inc
& Co
Davis
73/4 Jan
67a Jan
2372 Jan
5
147iJan 13
1
Pictures
Tllford Inc
&
77»
*10674
110%
Park
42%
37a
42
2874
137a
115%
17
73A
3,500
10874
13%
*110
Paramount
Parmelee Transportation—No par
287a
237a
preferred-
conv
1
-
No par
.100
Inc_.
Patino Mines & Enterprises
Penick & Ford—
200
*10674
24
Cos
1,600
287a
233A
Parafflne
3,900
28%
13%
45 3A
77a
3%
42%
13%
*84
5
923A
14
46
5
56
14
84%
5%
257a
42%
45%
2
56
42
*84
2
25%
*5 7a
24
400
56%
417a
23%
37,100
307a
243A
5%
24
28%
243A
42 3A
23%
27
*543A
5%
*7%
Panhandle Prod & Ref
Parke
3%
*13 7a
5
tPanhandle East P L 5.60% pfd_100
Transp
Park Utah Consol Mines—
413A
*5%
&
900
3%
427a
Petrol
2,800
*1063A
57a
No par
Airways Corp—_5
3,200
4174
*16%
Pan-Amer
4%
287a
28
Pan American
177a
927a
77a
1
10
Corp
3174
91%
77a
Oil
Motor Car—
177a
55
374
Western
Packard
3174
25%
41
Pacific Tin Consol'd Corp
Pacific
par
100
-100
———
18
55
77a
preferred
•
*30
:*v
Teleg—
31%
243A
>
2
No par
No
Telep &
18
5
3 7a
600
31%
Mills
31%
55
41
6,200
27
Ltg Corp
Pacific
18%
25
92
3%
4174
*105
Pacific
3174
*4 3A
92
380
3%
4174
26
5
110
3%
41V4
*105
—
24%
*54
1093/s
_
374
*30
31%
107a
15,800
14,500
*4U'/2
30%
*18
110
*10
10,900
300
35%
41%
6
53%
15
357/a
40
Gas
t6%
53%
25
& Electric
Pacific
150
35%
110
preferred-—,
No par
2d preferred
——No par
Pacific Finance Corp (Cal)
_10
152
*1474
—8
—10
Co
1st
tPacific
35%
10%
3,500
Coast
Pacific
140
472
*10
-
900
4%
107a
530
1,200
4%
42%
*5%
5%
15
—
1153%
4%
267a
2
1874
*1063A
*108%
*108%
*17%
*1474
'
—
42
25%
4%
26
2
25%
574
15
*30
26
257a
31
♦16%
3 7a
3 74
3%
41
26%
3%
35%'
107a
*105
2
5%
253%
•
14
10%
*10
152
660
4%
26
*15174
*9%
*7%
*413%
151
150 3/4
35%
40
287/s
1153%
343/4
.
42
116
35%
91%
287a
25%
3574
*5%
28%
115%
35%
25 Vb
41%
17
*1472
253%
35%
*55
42%
17
115%
47a
2
28%
22
25%
474
31%
*15
22
21%
115%
4 3/8
*18
1574
283/4
11
46
257a
474
*30
217a
11
*42
1157a
*25
4%
25 %
22
11
46
11574
15
*105
':T03/a
*42
2574
4%
42 %
10 3/4
46
115%
5%
5%
16
217a
1074
1074
46
25
151%
*14
21%
10%
*42
*115
26
*25%
*115
10%
46
14
157a
3
73/a May 20
59
9
May
157a May
Oct
May
~47a
Sep
387a
68
Jan
1074
Nov
Apr
4% July
Dec
7
77a
674
Apr
9
165
Feb
165
May 20
165
May
175
Jan
67/a Jun
3%
7
4
1074 May.ll
88
,1974
56%
5
170
18l
477a
74 May 12
75
Mar 31
preferred
100
29
Jan
30
61% Jun
100
20
Jan
28
4672 Jun
2
70'
Feb
Jun
July
107a
153
Jan
July
14
14V4 Jan
Oct
Jan
Jun
1
preferred
Jan
62
3372
153
May 18
53/4 May 29
B
63/a
May
Apr
Jan
Jun
678
167/a Mar 29
162
A
Feb
Feb
5 74
58
52
Class
Dec
Oct
Jan
20
May 19
Class
Nov
Jan
267a
3
Mar 30
77% Jun
65
May
Plymouth Oil Co
Pond
Creek
5
Pocahontas
No
par
No
par
Postal Teleg Inc preferred—No
Pressed Steel Car Co Inc
par
.1
Procter
5%
&
pfd
Pub Serv
When
class B
1st preferred
2d preferred
Gamble
iser
1
4
Jan
18
Jan
7
167a Jun
21;
63/a Jan
6
14"*
117a
Jun
23 74 Apr
5
1
157a
Jun
187a
Oct
37a May
574
Jan
3
972
Jan
57a
Jun
872
Jan
6% July
Jun
8%
Jan
29%
Jan
13
Jun
227a Mar
137a May 29
5
6% Jan
Jun
4
—50
2474 Jan
4
40% Jun
3
22%
48 72 Jan
4
57 7a Jun
8
42
Feb
100
1143/4 Apr
7
'Feb
13
115
Feb
No par
117a Jan
6
177/8 Apr
5
147a Jun
6
>29)
Corp of N J
distributed
,
147a
21
Jan
Sep
22
8872 May
No
.
of Feb
18
2172 Mayl2
par
137/a Jun
—
21
13
123
9!/a
Jun
523/4
122
14 y2
Oct
Oct
Jan
85 %
86%
85%
85%
8674
857a
863A
863A
1,090
t$5
par
7572 Jap
20
Mar
86%
Jan
1007a
100%
100%
101
ICO 74
101
1007a
1007a
1007a
1007a
1007a
101
1,020
t6%
preferred—
100
857/a Jan
2
1017iApr
6
73 % Mar
x99 %
Jan
*107%
108%
108%
108%
1077a
108
10774
108 74
1077a
108%
1077a
108
700
t7%
preferred
100
967a Jan
4
11074 Apr
5
797/a Mar
111
Jan
100
10972 Jan
4
126V2 Apr
6
99
Mar
123
115% Jun
26% Jan
4
119
Mar 30
387/s Jun
4
1117a Mar
116
2
86
867a
*120
120%
120
120
120
120
119%
1203A
*117%
118%
118%
118%
119
119
*118 7a
119%
36%
36%
35%
35%
357a
357a
For
footnotes see page 2423.
35%
357a
11874
*119
35%
120
120
36%
1197a
*119
36%
86 %
120
120
387a
560
40
16,700
preferred
No
pvnfprrH
tPub Ser El & Gas pfd $5
Pullman Inc
—
No par
—No par
<
62
20% July
287a
Jan
Oct
Nov
Number 4189
157
Volume
THE COMMERCIAL & FINANCIAL CHRONICIE
'
•
RECORD
NEW YORK STOCK
LOW
,
$
$ per share
.108
v
102'/a
per
102%
share
$ per
share
$ per
*13
13%
17%
17
108
108
108%
108%
*108
102%
102%
102%
102%
102%
102%
20%
20%
20%
13%
*13%
13%
*13
13%
*
20
*13
10%
10%
10%
10%
68%
68%
.
68%
•
*100%
101
*100%
8%
9
8%
95
95%
94
28%
*28
28%
14%
14
93%
95%
*28
14%
14%
*29%
29%
*18%
13%
13%'
70
18'A
28
28
14%
29%
18%
18%
33
*32%
33%'
33%
33%
*32
29%
*28%
29%
29%
29 Va
*28%
4%
4%
4%
*75
*60%
62
60%
10
*9%
10
19%
16%
*76%
77%
*54
10
*18%
76
62
13,200
30
16%
*98%
*9%
19'A
,
10
19
*80
81%
8%
19'A
2,300
33%
*67%
64%
64%
:
9%
9%
*9%
Reo
16%
17%
17%
18
98%
*98%
100
*98%
9%-
17%
98%
8V4
8'A
18%
.
59,400
100
1
8'A
8%
81%
8%
5,500
65
*65
66%
11 %
*11%
12'A
11%
11%
11%
*88
90%
88%
88%
88%
88 %
10%
10%
10%
10%
10%
30%
37%
10%
10%
30%
*36
10%
10%
10%
11
*14 'A
15 Va
15%
15%
40
32%
32%
*33
34%
5,400
St
2,800
fSt
%
%
19
1%
1%
1%
*6%
7%
*6%
7%
*6%
7%
*6%
7%
*6%
7%
9
*7%
8%
*7%
9%
*7%
9%
*7%
9%
41%
41 %
41%
41%
41%
111%
111%
111%
111%
111%
9%
9%
33 %
10
33%
33%
34
*104
104%
104%
*40 %
42%
*40%
41%
111%
112
200
10 Va
9%
10
3,500
*104*2
105
40%
40%
42%
115
*114
115
*114
115
*114
*110%
113
*110%
113
*110%
113
*110%
113
1
1%
1
2%
2%
2%
2%
2%
2%
2%
*23%
24%
23%
23%
23%
23 %
*23%
3%
2%
34%
2,600
200
Schenley Distillers Corp
5%% preferred
200
Scott Paper
*41
42%
114
115
*110%
114
1
1%
2%
2%
2%
24
23%
24
42'/«
40
114
114
1%
11,800
4,000
2%
3%
*3%
3%
3%
3%
76%
77"%
76%
77%
77%
78%
78
79%
80
'81 %
7.400
15%
15%
15%
15%
15%
15%
15%
15%
16
17%
11,109
*3%
*14%
15
14%
14%
*14%
14%
15
15%
15%
15%
15%
16%
3.900
*68%
68%
68%
68%
*67%
68%
68
68%
68
68%
68%
68%
370
14%
6,500
69 %
200
14%
13%
13%
13%
14%
70
*69%
70
*69%
14%
14
14%
14%
14%
70
69%
69%
*67%
69%
9%
9%
10
10%
10
10
43%
44%
44%
*43
45
26%
26%
26%
26
10%
4
4
3%
26
26
25%
3%
3%
25%
*25%
26
10%
10%
112
113
*111
10%
38%
10%
10
10%
43
44
44
27
27%
27%
*26
10%
10%
38%
*38%
111%
113
113
111
*111
114
26
*1
*25%
''
10%
39%
10%
39%
10%
10%
26%
1%
*25%
39%
111%
111
4
26%
*1
1%
26
*25%
4
4
26%
*1
1%
25%
10%
26%
4
26%
26%
113
'
4
4
112
*111
113
I
1
-38%
38%
39%
111
25%
26
*25%
10%
10%
*38%
*1
1%
*1
1%
1%
26
26%
26%
43
26%
*43
26%
45
10
43%
14%
*67
X39 %
112
113
113
120
34
1,800
33%
34%
33%
34%
34
34
34%
24%
24
24%
24
24%
24
33%
34%
24%
24
*24
32%
13%
13%
13%
3%
3%
3%
3%
3%
25%
25%
25%
24%
25%
500
28
27%
27%
27%
27%
2,300
32%
32
32%
32%
33%
33%
33%
32%
33%
13%
13%
12%
13%
13
13%
13%
13%
13
3%
3%
25%
25%
27%
27%
149%
*144
22%
27%
27%
27%
*144
149%
*144
22
22%
22%
22%
*25
26
*25
28
3%
3%
3%
4
26
*146
149%
*146
149%
22%
22%
22%
*146
149%
22%
22%
22%
13
12%
13
13
13
*12%
13
12%
12%
12%
13%
25%
26
24%
25%
24%
25%
25%
26%
25%
25%
24%
25
24%
25%
25%
26
25%
25%
44
44
43%
43%
42%
43%
44%
44%
44%
44%
*59
60
59
59
58%
58%
60
58
58
5
5%
*4%
5
*46
54
5%
54
5%
x5%
5%
5%
*5
*46
*46
*58
5
5%
25%
5
*47%
29
29
29
29
29%
29
29%
29
30%
30%
30
30
29%
30
30
30%
30%
41
40%
40%
40
40
40
40
40
59%
59%
59%
*40
*59
118
6%
6%
6%
48%
48%
49%
49
36%
*115
6%
48%
35
35
36
36
36%
*115
*114%
7%
7%
112
112
115
*112
*64%
115%
30
7%
7%
28,000
112%
112%
112%
111%
lVe
8%
30'A
1,000
Starrett Co
60%
2,500
12%
13%
13%
13%
13%
13%
3,100
Sterling Prug Inc—i
Stewart-Warner Corp
10%
10%
10%
10%
10%
10%
10%
28,000
9%
9%
9%
9%
9%
9%
9%
6,500
12%
12 Va
12%
12%
13
12 %
10%
9%
10%
9%
9%
9%
9%
9%
12%
11%
12
11%
11%
54%
54%
55
55
> 128%
*126
128
26 Va
26%
For
footnotes
19
19
19%
74%
*74%
27%
2423.
3%
29%'
30
30
25%
3%
75
12
53%
126
6
19%
3%
*74%
28%
54
19%
3%
76%29
29%
30
*29%
30%
12%
*12
12%
25%
25%
25%
26
Y *53%
*125
6 %
30
*11%
,
126
28%
-
12% Y
26%
54%
128
6%
3%
*11%
12%
6
5%
74%
26%
page
54%
*126
3%
26 V4
see
12
6%
•
20
3%
75
13,900
56
1,000
126
20
(The)
L S_.
(The)
Sun Oil Co
Class A pfd
(4%%
20%
1,200
cum)
Superheater Co (The)
Superior Oil Corp
'
800
Mining Co
Oil of Calif
Superior Steel Corp
Superior
29%
30%
3,400
*29%
30%
300
Sutherland Paper Co
12
100
Sweets Co of Amer (The)
12
25%
26%
3,500
113%
Swift & Co
Dec
Va
Jun
%
Dec
1 Va
Sep
26% Jun
1
10%
Apr
17%
Dec
4'A Jun
10
1%
Deo
'81% Jun
25
25
11%
10% Nov
Deo
60
4"%
Apr
Apr
4% Mar
16
30% May
25
10%
Apr
7
2%
Jun
28
Nov
Jan
Apr
54%
5
8
Apr
62%
4%
8
11
5
3% Mar
62
424
16'A May
43% May
A Feb
9%
66
Dec
Nov
7%
Nov
35
Aug
18% Dec
4%
11% May
% Apr
17
18
4
20% Aug
27
May 29
Dec
Jan
Jan
Dec
1%
Dec
Nov
10% May 27
19%
Apr
8
65
Apr
Mar 31
108
43% May
4
126% Apr
118
36% Jun
July
15% July
11
9
Apr
30%
Oct
100
Jan
113%
Dec
20%
Jan
15%
Nor
25% Jun
10
33% Jun
22
13 'A May
13% May 27
6% Mar
10%
Dec
1% Mar
2%
Jun
5
Apr
6
Feb
17
14
Jun
10
Jun
7
25
Apr
Apr
15%
Jan
17%
25% May 27
30
146
Jun
26%
Jan
122% Nov
144%
Jan
21%
Nov
14%
Apr
9%
Apr
13% Apr
12%
Jan
30% May
10
Jun
18%
Nov
2
30% Apr
18%
Feb
35% Jan
9
49% May
12% May
23% Jun
39
Oct
100
42% Jan
12
66
Apr
34%
Jan
50 Va Mar
2% Jan
6
6% Jun
1%
Apr
Y3-,Y Aug
2% Jan
6
1%
Nov
Jan
4
33
5% May 27
55
3%
Feb
31
Dec
59
July
17
17%
Apr
24
Nov
Dec
31%
Juq 10
No par
21% Jan
26
29% Juri
24% Jan
2
35 % Mar
15
21%
32'A Jan
18
41% Jun
25
30
Sep
37
Mar
57
Jan
9
59% Jan
26
49
Mar
60
Jan
2
No par
3
Jan
2
6% Jun
25
2%
Sep
4%
Jan
35% Jan
6
29%
Sep
45%
Jan
37% Mar 12
27%
Jun
38%
Jan
51% May
Feb
4% Jan
100 % Jan
4
116% May
2
113
18
66% Jun
17
par
Jun
115
8
Jun
112 % Jun
7
108
Dec
40%
Apr
114
Jan
Feb
49%
Jan
6
17
109% Aug
2% Apr
113
Jan
5
Jan
22
89% May
110
Jan
A
Sep
3A
Apr
2%
Oct
6% May
6
Apr
11%
Jan
13%
Jan
29%
Dec
2% Mar 13
%
c-t
A Jan
1% Jan
9
Jan
10% Jan
28% Jan
2
4
5
5
8
26% Apr 29
8
18
Mar
25
28 % Jan
12
35% May 29
20
Apr
25
2
57% May 10
30%
Apr
47
Dec
4
45% May 26
25%
Apr
40
Nov
No par
*
No par
No par
No par
No par
>'
46 %
37%
7
25
59 %
7%
Jan
Jan
6% Mar 13
32% Apr 30
40
9% May 5
31% Mar 31
29
Apr
2
Jan
Jun 24
Jan 12
May
66
May
1
f
Dec
22%
Dec
34%
Jan
42
Apr
Jan
62'
Dec
5%
8% Nov
14% Jun
7
4'A Jan
10% Jun
18
3% Mar
4%
Jan
5% Jan
10% May
7
4
Apr
6%
Nov
1
5% Jan
13% Jun
5
3%
Jan
6% Nov
No par
Studebaker Corp
Sunshine
75%
Jan
1
1
No par
Webster
2,800
2,200
106%
Mar
7
10
5
1
Stokely Bros & Co Inc
Stone &
6 '/a
3%
Mar 23
4% Mar
2
13
U...1
Standard Steel Spring
8%
60
13
112
15% Jan
25
30%
9%
Jan
10% Jan
Standard Oil of Ohio
60
10%
116
15% Jan
25
30
13,600
Aug
No par
100
Standard Oil of New Jersey
8%
13
-
$4 preferred
59%
13%
8%
109%
No par
Standard Gas & El Co
29%
■«
16
2
No par
preferred
8%
61
Feb
2
No
Brands
60%
8%
30 %
59%
Dec
115
Jan 19
Jan
2
Jan
4
Jan
2
Standard
30%
8%
30 %
61
May 21
Jan 11
Jan
2
Jan
6
No par
No par
8%
8%
30%
60%
39
26% Jun
Squibb (E R) & Sons
$5 pref series A
60.
8%
*29%
Apr
10
30%
8%
25 Va
2
Jan
43%
60%
Oct
1
5
2
49
43%
30%
98
Feo
43;
28
43%
8%
May
27% Jun
Jan
$7 cum prior preferred
900
Dec
78
May 26
44% Jun
109
$6 cum prior preferred
43 %
Jan
21%
105
14
1
57
*42%
19%
Apr
10% Jun
100
900
15,200
110
Dec
12%
7.50
Square D Co
5% conv preferred
3,700
57%
Jun
104
x9%
73% May
Jan
56%
57
11
,
33
56%
.
44
12% Mar 26
7
6
Standard Oil of Indiana
60%
12%
Inc
Standard Oil of Calif
-
*29%
30 %Y
7,500
10
Apr
No par
(The)
tConv $4.50 preferred..
$4.50
Jan
1
No par
Spencer Kellogg & Sons
15,800
43%
28
8.700
3%
25
Jan
37% Apr 19
17% Jun
21% Jan
No par
1
No par
15,200
43%
11 %
Sparks Withington
Spear & Co
$5.50 preferred
35 Va
43%
27%
..
38%
43%
*
preferred
34%
*42%
*29%
1%
3
112% Jun
2
29%
5
16% Jan 11
20% Jan
2
132
Jan 15
5
No par
100
tMobile & Ohio stk tr ctfs
37%
43%
12%
Ry
35
43%
30%
1 Va
3%
Sep
.
8
No par
38%
56%
29
1%
3
7%
Mar
May
5
Mar 11
9
13
42% Jun
5
2% Jan
—1
Co
34%
56%
*11%
1%
3%
No par
15
Edison
38
55%
*29%
Natural Gas
34%
56%
*28%
California
Southern
38%
55%
75
Southern
Southern Pacific Co
34%
56%
75
preferred
37%
56%
76
Rico Sugar
34%
34%
*74%
Greyhound Lines
So
37%
36%
34%
3%
S'eastern
29%
37
3%
300
Nov
Sep
Jan
10%
28%
77
111
19
15%
16'/a
10 %
10
No par
South Am Gold & Platinum
24
34%
3%
Socony Vacuum Oil Co Inc
28%
36%
3%
Corp
24
37 Va
18%
(A O)
Smith & Cor Type v t c
Spiegel
1%
1% Jun
No par
Snider Packing Corp
5%
A
Jan
1% Feb
21
15
t$6 preferred
Southern
Jan
Jan
Jan 20
Jan
7
Jan
8
Jan
4
No par
Porto
34%
aa
%
8%
64%
5%
31%
& Iron_._100
Smith
23
68% Jun
Corp—J.
29
34%
19%
Oil
Nov
4
Skelly Oil Co
tSloss-Sheffield Steel
23%
34%
18%
Sinclair
Dec
Nov
7
10
Nov
13%
Jan
No par
Jan
Nov
6%
21%
Jan
2% Jan
16'/a Jan
9
9%
47%
9
Petroleum
28%
36%
20
115
Apr
6% Apr
3% Jan
16
May 29
54
No par
*23%
28
*19%
*111%
6%
•
Feb
'
16'A May
5
Jan
54
1
Jan- 16-
17% Jan
Oct
Jan
Apr
Nov
1,
12
No par
,15
Jan
27%
1% Mar
13
Coalition Mines
28%
23
28
5%
Pen Co
Oil
23%
23
-28%
5%
(W A)
Union
28%
23%
27%
5%
.
Shell
23%
*22%
29%'
5%
115
1%
1%
3
5%
*65
.
115 %
3
*126
1,500
7%
1
55
36%
117%
115%
2%
128%
*115
7%
1
12
36%
1
1,700
114%
3
*54%
36%
117%
32,900
6%
50
7%
1
*126
6%
49%
114%
3
tSheaffer
Jan
5%
3% Mar
2
10% Jan
par
8%
85'A
2
59% Jan
No par
Y
Jan
.
6
Jan
9
Jan
7
Jan
7
Jun
8
Jan 12
96
Jan 15
38
Jan
9
111
May 4
107% Jan 23
352 Jan
2
% Jan
2
16% Jan
4
2
Jan
8
100
74
31%
8
Oct
129% Mar
36% Mar 30
Jan
Jan
Jan
Jan
7%
Jan
7
May
34% May
18
11% Jan
28 %
a5a
%
4
7%
35
105%
9%
19%
Jan
86%
49'A Mar 19
20% Jan
.No par
(Frank G)
Spicer Mfg Co
$3 conv preferred A
7%
1
Shattuck
Jan
43
No par
Sharpe & Dohme
$3.50 conv pref ser A
Sperry Corp
6%
2
No par
600
49%
38% Jun
No par
1,200
90
34% Feb
x20
2
No par
$5 conv preferred
5,200
59 V*
10
32'A Jun
No par
30%
114%
3%
28%
300
7%
1
23%
6,500
5%
54
115%
3
*23%
5%
7%
*114
115%
8
7%
210
6V4 May
Dec
100% Mar
Jun
Apr
3% Mar
Nov
5%
May
75 Va
11% May 23
25% Jan
10
100
™—.100
-_„100
100
No par
100
5
5
100
Co
41%
59'A
1
5% Jan
—1
&
29%
*28'A
10
93% Jun
Inc
41
.
58%
-
3,800
"
12% Jun
Jan
Sharon Steel Corp
30 Va
29
•
14,000
-
112%
115
115
115
117%
*65
*65
*65
*64%
*115
117%
5%
*47%
30%
6%
2,700
37,600
45
5%
-40%
58%
59%
117%
36%
36%
36%
*115
*58%
59%
6'%
48
49
*58%
49 %
6%
6%
6%
47%
*28
4,400
12%
60
Sears Roebuck
Servel
8%
23
44%
5%
3,200
27%
26%
*58
54
4,700
32,200
149%
25%
5%
*4%
54
*47%
26%
26%
5%
5%
5%
5%
54
700
24%
32%
32%
4
600
112
24%
7'A Jan
Simonds Saw & SteeU
270
35%
54
7
Dec
19
78% July
20
5
Siinms
16,700
10%
39%
4V4
18
Feb
Dec
49
Deo
Feb
Simmons Co__
113
70
70
Corp
Silver King
112%
9 Va Apr
x94%
98
...
100
-
73% Jan
No par
No par
preferred
100
1%
26
4-2%
1,300
26%
95% Jan
7
tSeaboard Air Line
1,700
4
112
*34%
*27%
80
4,400
*110
*24%
*24%
4,800
Sep
Jun
13
Seaboard Oil Co of Del
77%
Jun
No par
©eagrave
15%
*3%
Jan
2%
13%
5% Jan
—
300
3%
15%
3%
38'A
6
Jan
64% Jan
Co
$4.50 preferred$4 preferred
600
24
77%
70
preferred™
Savage Arms Corp
104%
3%
3%
5%
_
33%
1
24
Joseph Lead
Louis-San Francisco
8%
*103%
*110%
1%
1
1%
115
12
10% Apr
19V4 Apr
6
101% May 24
86% Apr
6
No par
34
*40%
115
59% Jun
4% Jan
Dec
13
71%
Mar
85% Jan
$2.50 conv preferred
105
34
*103'%
42%
42% Jan
10
Safeway Stores
41%
33%
33%
33%
105
*114
1%
100
X55
Dec
16
7Ve May
\
100
3,200
111%
10
10
19
No par
preferred...
$St Louis Southwestern
5% preferred
9%
41
Mar
19% Jun
..._100
7,500
1%
*111%
41%
111%
33%
1
33%
33%
U
1%
Feb
7
48%
U
Dec
\7%
26% Jun
1,000
2,800
*48
1%
32
Dec
10% Mar
6
5
7
49'A
%
Apr
6
May
4
*47%
1%
11
May 27
;
79
Jan
80
Nov
25
10
20
69% Jan
No par
100
1
Sep
3%
65% Jun
Jan
100
Nov
23%
1% Jan
11% Jun
17%
28%
72
Jan
100
Nov
Jan
6
14
Feb
157/a
39
20
1
Dec
26%
12
17'A May
9% May
26%
32%
5
Jun
7% Jan
17%
%
12
57/a Apr 29
5% Jan
26%
*48
Dec
Jun
75% Jun
9
8 Va
48%
30
14% Jan
....No par
Dental Mfg
No par
Antelope Copper Mines
Ruberoid Co (The)
No par
Rustless Iron & Steel Corp
1
17'A
1%
9%
41%
8%
22
23% May
20
May
Ritter
26%
*7%
%
9%
14
5
Roan
17%
1%
.
22
3% Jan
66% Jan
Tob class B
(R J)
Jan
23% July
11 Va Apr
Richfield Oil Corp.
26
8 Va
*7
42%
*40%
100
300
17%
32%
32%
%
9%
105
4,200
15%
26
8Va
Va
49
*104%
11 Va
17%
49
9
22% Jan
tCommon 1
24%
49
7%
34'A Mar 30
preferred
Reynolds
8
16%
112
130
17%
17 Va
*42
7,800
38%
25
25
*16%
*111%
31V4
*7%
*24%
17%
1
26%-Jan
No par
Reynolds Metals Co
5%% conv preferred
Spring...
*24%
8%
25'A
%
22% May
.
Reynolds
8 Va
17%
*7
1,600
*15
38
10%
*24%
*6%
130
11
31
31 y4
37
15%
10%
10%
11
31
38
*36
700
11%
88
X88
Inc..
preferred
t7%
t5% %
Dec
25
Revere Copper 6c Brass
170
*37
31
30%
31
38
*•14
15%
32%
11%
11%
90 %
36
1%
14% Jan
preferred
conv
Dec
54'A
25
28
6% conv prior pfd uer A
50
90
65
32%
Jun
Jan
with warrants
Motors,
6%
300
66
%
15
100
Republic Steel Corp
50
81%
81%
8%
8'A
9'A
'V
19
*98%
18%
100
81%
81%
*80%
80'A
*
9
.
65
36
Dec
Jun
7%
7
30
tRensselaer & Sara RR Co
900
*8%
9%
29% Jun
Jan
12
500
*9
54%
53%
54
54
9
30%
Den
37/a
10
54
55
9
10%
Deo
90
15 Va
1
21
Remington-Rand
Preferred
Jun
No par
Corp
53
*54
5,300
99
11% Jan
1st pfd
& Co
300
10%
5
59%
34%
54% Jan
26% Jan
Mfg Co
18
7%
Dec
Apr
1
50
76%
66
1%
(Robt)
2
10 Va Jun
2
5
.100
Hosiery
17%
30%
*32%
Silk
Preferred
,
76%
80'A
2
3% Jan
2d preferred
4%
Real
18
66
49
12% May
4% Jan
50
50
77
67
49%
10% Oct
25
17%
30%
*49
8% Mar
p
*76%
67
*8
6
No par
1
17%
69
8%
13% Apr
1st preferred
4%
Reliance
*88 %
*15
4
Reading Company™-.
Reliable Stores
90
*8
preferred
$3
Reis
90
10%
10% Jan
Inc
Rayonier
510
89
16
NOV
100
77%
10%
10%
14"%
—
17%
10 %
*15%
9% Mar
2% Mar
300
89°
10%
25
11%
46% Mar
88
Apr
*76%
8%
11%
Jun
4
17%
81 %
*88
22
70'A Jun 24
65%
89
12%
2
100% Apr 30
10
19 %
*18%
19'A
*18'A
*88
90%
*36
400
76
89
90%
13% Jan
4
100
29
5'A
*5
*75
*88
*11%
*
Dec
Mar 16
76%
16%
8'/a
Dec
92%
Y":AprY
4 YYY 7
Jan
76%
100
*80'A
8%
90% May
80% Jun
106%
7
19% May
92
600
V
89
89
25
104% Jun
No par
16 %
9
*98%
109% Jun
2
No par
77%
16%
17 Va
100
3
11
59
700
'
9
14
Raybestos Manhattan
15
*28%
5 %
76
*75
61
58%
*18'A
54
54
9%
Jan
92% Jan
of Amer
17%
*76%
55
*9
Highest
$ per share
104% Feb
$3.50 conv 1st preferred—No par
Radio Corp
500
28'A
'
1
19
*18%
17%
59
*9%
*4%
5
*75
76
57
60%
*9%
$ per share
—No par
920
i
95%
33%
29%-
4%
76
$ per share
—100
.
conv
Radio-Keith-Orpheum
t6 % conv preferred
25,100
19
-
33%
*28%
5%
5
~9%
29 Va
29%-
19
19
29 Va
*17%
Year 1J12
Lowest
100
preferred
preferred
Purity Bakeries
5%
$ per share
...No pat
(The)
6%
.
2,500
14%
14%
33%
76
-
27%
-
•
*4%
*18'A
1
Highest
t$5 preferred B
61,400
'
70
94
93%
29%
*29%
29%'
18
93%
*28%
*75
Since January
Lowest
Quaker State Oil Ref Corp.
11%
'
9%
9'A
14%
14'A
14'A-
-
9
28%
*28
29%
*75
5,200
Pure Oil
*100%
*33
33
1,000
13%
10%
■
11 Va
i.ooo
22
*13
-
70V4Y
,94 »A
93%
94
18%
18%
Range
'
30
*29%
19
Range for Previous
STOCK
EXCHANGE
Y Par
13,600;
:•«
102%
21
10%
9Va
9
9%
28%
*28
109%'
102 %
21
*100%
—
V
17%
17v*
109%
"
102%
69%
11%
*100%
■
109 '/a
*13
70
69%
68%
'
9%
'
10%
11
10%
68%
101
YORK
NEW
Shares-
$ per share
17 "A
20%
20%
17
16%
16%
68
9 Va
;
17'/a
108%
102%
for
(
$ per share
share
16%
20
Sales
the Week
June 25
•• -
,
20
*19%
*100%
June 24;
"June 28
108 Va
17 Ve
17
108
June 22
Friday
Thursday
Wednesday
Tuesday
June 21
June 1S>.
STOCKS
SALE PRICES
HIGH
AND
Monday
Saturday
48% Jan
122
Apr
63% Mar 30
Jan
4
116%
100
100
No par
1
25
100
10
12%
25
127
3% Jan
12% Jan
1% Jan
58% Feb 23
14% Jan 20
26% Jan 4
4% Feb
22% Jan
1
2
7% Apr
22
1
May 28
4% May 10
82
May
31% Mar 25
27% Jun
Apr
Apr
55%
128
Jan
Dec
3% May
5%
Jan
11% May
15 %
Jan
Apr
1%
Jan
9% May
16%
Dec
Feb
26 Va
Dec
1
7
31% May 27
12% Jun
43
5
2
17%
3% May
20
Sep
4% Aug
25
Jan
iflMfwaaswaii^^
k
Monday, June 28, 1943
'■
LOW
June 21
June 19
$ per
$ per
share
HIGH
AND
$
i per share
share
33%
33%
33%
33%
33%
33%
30%
31'A
30V4
30%
31
31%
31
7%
7%
7%
7Va
7%
7%
7%
33%
7%
:
7%
Sylvania Elec Prod's Inc.—No par
Symington-Gould Corp
1
6,000
8%
700
29
22% Feb
8
35%'Apr 22
8"
4% Jan
35
2
Jun
Previous
1942
Lowest
$ per share
share
Jan
Swift International Ltd
2,400
14,100
35
$ per
Par
Shares
33%
33%
7%
331/s
31%
7%
,33%
33%
33%
31%
/
Year
Range Since January 1
Lowest
Highest
NEW YORK STOCK
EXCHANGE
the Week
$ per share
$ per share
*33 V2
7'/4
Sales
June 25
June 24
per share
for
Friday
Thursday
Wednesday
June 23
Range for
STOCKS
-
PRICES
SALE
Tuesday
June %%
Monday
Saturday
$ per share
Highest
$ per share
'
19% Mar
25
81/2 May 20
29 V4
Nov
15% Aug
3% Aug
-
25%
Dec
5%
Jan
'
*7%
9
43
■*41%
4%
*4%
*8%
8%
8%
*41%
8%
43
*41%:
f
*8%
8%
8%
12%
12%
11%
11%
11%
11%
12%
12 3/8
12 %
123/a
12%
12'%
51
51%
51
51%
50%
51%
51
51%
51 %
51%
51.1/4
39%
39%
6
5%
6 V4
6 %
6Va
6Va
6'4
40
39%
39%
39%
40%
40 %
41 Va
40'%
41V8
13%
13%
14
13%
14
13%
141/4
14
13%
11%
11 %
11%
23 Va
23
23%
23%
9%
*9
9%
*9
•41% '■
42
42
6%
*6»%
*
8%
8%
*44%
'
1,500
Texas & Pacific Ry
k
■
6
/■Vv6;"
6%
.
6%
6%
-
*6
6%
*6
6%
/;
6%
10
Third
1,500
63/fl Jun
11
2
Apr
3%
413% Jun
10
28
Apr
37 Va
Oct
5
14% May 2.9
5
May
8%
Dec
71/4 Jan
7
13 Vb Jun
4%
Apr
8%
Dec
17'% Jan
7
28% Apr
61/4 Jan
12
100
Na
par
par
35
100
52
Jan
6
1
4
Jan
7
331/4 Jan
5
__
10
—
100 %
100 %
100 %
99%
100 %
100
29%
29%
29%
29%
29%
29%
30
30%
293/4
30
29%
30
47%
48
*47%
47%
47%
47%
47%
48'p
48 %
48 V2
48'%
491/4
1J00
83%
8%
5,600
12
*11%
31
30%
8% Jan
31
'
*2%
24%
13%
13%
13%
100%
2%
2%
2%
2 3/8
2s/a
2%
2%
2'%
2%
23%
23%
*23%
24%
*24%
24%
24%
24%
13%
*23
13%
13%
13%
13%
13%
133/4
13%
14
8%
8%
8%
8%
8%
21%
21%
*21%
21%
21%
*14%
15 y4
*14%
15 Va
*14%
3%
3%
3%
Y
'
*3%
8%
213/4
21%
21%
21'%
22V4
2,000
15%
*14%
15%
153/8
15%
100
3%
■
33%
3%
3%
*87
89 Va
891%
•
Nov
Nov
10%
Feb
103% May 26
34% Mar 31
85
Mar
97
Dec
22
May
34 ya
Jan
31 Vat May
43 lA
Jan
4
28 Va Jan
2
49%
40% Jan 20,
6% Jan
4
410%
15% Jan 27
8
;i6% Apr
v 4% May
69
-No par
*90
6
Jan
par
25
.No
par
?
$1.50 preferred—.
Twin
City Rapid Tra
% preferred
7% May
8% Jan
8
%Mar
56 Va
May 25
18%
Dec
12% Mar
2%: NOV
Jun
71
Nov
4
5%
Jun
7Va
Jan
16
-
Oct
19%
Jan
26%
Nov
9% Jun
1
1%
Jan
9% May
7Va Aug
Jan
7
5
!
Jan
5
77% Jun
18
21 %
Jan
78%
Nov
6V4 Jan
1
;n% Jun
10
5 Va
May
7%
Nov
28'%
Jan
7Va
Sep
9
75
76%
74%
76
76
76
x71 V4
71 %
72
72
10%
10%
10%
10%
10%
10%
11
10%
10%
11
11%
2,300
56
55
55%
54
55
54%
54%
54%
54
54%
2,100
Under Elliott Fisher Co
No par
42
Jan
*55%
11
10%
10%
No par
No par
8
Jan
2
10%
79
Jan
13
113
7
8
8% Dec
4% Jan
77
f
Jan
'21% May 10
32% Jun 11
8%
320
4
,23% May 19
5
1% Jan
.No
,
2
5
11'A Jan
*76%
10%
Jun
May
Tri-Continental Corp—
1,800
8%
1 Va
15%
1
9,000
8%
8%
Jan
Jun
7
32%
•31%
8%
18
Dec
Jan
4
32
31 '/a
8%
Sep
9%
27%
17% July
41 Mar
8
6% Jan
8%
31%
8%
12% Apr 24
4
33% Jun
8%
12% Jan
31%
31%
7%
3%
1
par
*83/s
31%
Feb
2Va July
5% Jun
10
par
313/4
31%
Jan
34%
•"26% Jun
.No
83/4
20%
31%
Dec
Jan
414% Apr
.No
31%
20%
'20%
Mar
4%
4
Jan
94% Jan
5
not
8%
21%
20%
8%
9%
20%
3
52%
Apr
30
6% May 24
.No par
Transue &v Williams
Oct
Jan
j'un
Jan
33/4
May 27
Mar
9%
2'/a May
1
3
24%
42
Nov
9% Jan 12
16.
34,000 <
8%
20%
*8%
20
2
i
Jan
Sep
41
9
49
4
10,700
8%
20i%
8%
20%
27
Jun
St'l.
Transcont'l & West Air Inc
|
3,600
20 %
8%
8%
.
*87
89%
*87
89%
3%
3%
3%
:20Va
/ 9
2,700
213/4
9%
9%
860
*143/4
8%
15
*88
89
89
89
89
200;/
8%
21%
3%
9
8%
■
5,400
1001/4
IOOV4
100 %
100
100
1,400
:
71% Apr
5
Y Va Jan
Thompson Prods Iuc
900
23%
2%
2%
*23%
(J R)
Thompson
12
30%
30%
30%
5
34%
12
8% Jun
•
73%
1
4
Apr
84
2
26% Feb
Transamerica/Corp_,^__T..--»-.,-2
12
31%
46
fr
Jan
2
11% May
5
Jan
3
•>
25
—No par
Thompson-Starrett Co
No par
$3.50 cum preferred
N< par
Tide Water Associated Oil— —10
t$4.50 conv preferred
No par
Timken Detroit Axle
10
Timken Roller Bearing
-No par
*11%
*30%
*11%.
12
*11%
12
31
31 %
31 Va
31
*11 %
12
*11%
Nov
2
13
Transit Corp ..No par
Avenue
Jan
Dec
3'% Jan
No
_
preferred
Oct
9%
42%
Apr
8 3% Jan
2'% Jan
$3 div conv
30
Nov
Nov
36'% Jan
The Fair
80
7% May
13% May 29
51% Jun
5%
35
>4
par
.___
__
__
preferred
conv
>;/ Preferred __
Thermoid
Co__
60
5,300
45
6%
6%
.
8%
44
t$3.60
200
81
8
44%
44%
160
6%
6%
81
8
Co—
Thatcher Mfg Co
500
42%
*41%
84
7%
44%
7,300
6%
*63/8
*80
8
7%
44%
45%
123%
25
9'%
8
2
Apr
Apr
l'/s Mar
5% Mar 16
1
...
11%
423/8
*41%
84
_
25
9
32
___10
No
_
_
Oil
Texas Pacific Land Trust-
93/8
9
4
3
Apr
8 3/4 Jan
Produc'g Co— -No par
113/4
*9
6%
*6%
8
*44
45%
*44
,42
*80
'82
7%
8%
"7%
45%
82
82
*79 Va
'
6%
*6%
6%
*6Va
■-
82
79 Va
413i
41%
9
Jan
45
41% Jan
Sulphur-
Pacific Coal &
Texas
25
*24 %
25
9
42
-
11%
,11%
2^/4
23%
4 9
9
42%
11%
11%
11%
23 %
4,600
3
24
8% Jun
2
5
.
Texas Gulf
18,300
6
6
Jan
25
Corp
(The)
Texas Gulf
3,900
14
*11%
\
Texas Co
39%
14
13%
Tennessee
Zp 5%
6
r!
2,000
.
5% Jan 25
35
5
Corp
Telautograph
8,800
51'%
9
(James)
partic preferred-
5'%%
100
4%
*41%
4%
*4%
Talcott Inc
60
44
*41%
43
43
,
4%
*4%
4%
4%
*13/,
*4%
'8%
8%
43
*41%
43
67
100
1
6
Nov
U
'
83%
115%
115%
*112%
113%
116
113%
10%
83%
83%
83'/a
*115%
*112%
*54
-
10%
10%
11%
10%
11
10%
11
7,600
Union Bag &
83 Vs
83%
83%
84
83 Va
84
84
84%
8,200
Union
*115
1,000
Union El Co of Mo $5
*115
116
111%
*115
116
112
•115
116
112%
112%
111
111
116
111%
:111%
:
Preferred
250
Paper—
Carbide & Carb
19%
20%
19%
20%
20
20 Va
20%
20%
20%
20%
6,400
97
97
96%
97
96%
96%
96%
97
96%
97 %
97
98
2,800
88 %
88%
88 V4
88%
X118
114
8
80% Jan
2
100
79% Jan
6
89 % May
24 % Jan
8
88
88
88%
88%
88%
26%
27
26%
26%
263/4
26%
26%
26%
26%
26%
2,200
341/4
35
35
35%
35
35 s8
35%
36%
16,500
25% Jan
6
40
111
>111
112%
111
111%
*110'%
26%
27 Va
26%
271/4
7,800
93% Jan
4
17% Jan
20
Un Air Lines Transport
21
21
21 %
21%
1,000
United
35%
35 %
35%
111%
111%
111%
111%
26%
26%
26%
26%
20
20
111
27
20 %
20 V4
20 3%
*113 5/
'8
*113%
'113%
*U3%
—
*113%
65
*113%
65
64%
64%
*64%
66%
*64%
651/4
*24Va
25%
*24%
25%
*24 Va
25'%
66%
*64%
24%
24%
25%
*24%
1%
1%
1%
1%
30 %
28%
29%
28%
'
Electric
X71%
72%
72 V2
74%
73%
74%
6,900
United
Fruit
9
9%
9%
9 Va
9i/4
9'A
9V4
41,300
United
2%
2 Va
2%
2 Va.
2V4
2%
2V4
53,700
*24% ' 24%
24%
24%
2 4 3/8
25 Vs
25%
5%
5%'
5%
5%
*5%
51/2
*24Va
24%
*5%
5%
5%
*10%
11%
11
11%
10%
11
11
11
96%
96
96
96
96
95%
96
16%
16 Va
16 Va
16 %
16%
5%
70
179
6%
6%
6%
35
.
35%
39V4
*39%
41:
2%
2%
2%
41 Vs
9%
121%
*55
55 %
55%
9%
110
40%
2%
40%
2'A
2%
2%
41%
40%
56%
17%
54
34%
9%
35
41
*39
40%
*41 Vi
*2%
1,600
42
2 Va
42%
43%
120 %
120%
*54
43%
121
800
2%
3,500
44%
28,800
121
54%
55%
69%
70
70
57
800
69%
'69%
69%
69%
69 Vi
69%'
69%
54%
54%
54%
54Vs
55V4
54%
55%
54%
55i%
55%
119%
118%
118%
118%
1191/4
119%
119 Va
119%
119%
1193%
:120%
23%
23%
*23V4
23%
23 Va
23 %
23 %
23%
23 3 '8
23%
1,800
23%
3%
2%
2%
2%
75
*72
19
*18
72%
*71
75
*18
3
v-:,;
2%
160
3
Preferred
Plywood Corp
8 %
1st
''_\Freferred:-'-.-_i'-r_;
100
50
100
Tobacco Co
3
3%
1,100
United
2%
2,300
United Stores class A
23/a
75%
2%
*74
80
300
$Q
preferred
19
*18
19
19
19%
400
Universal-Cyclops Steel Corp
*71
72
72
72
721/4
73%
200
Universal
160
>153
160
160
160
175
*168%
>171 Va" 175
175
*155
175'
*172
160
*172
80
175
8%
Leaf Tob—
preferred
Universal
Pictures
1st pfd
10
-.—100
77%
Apr
;43
Dec
63%
Jan
Mar 26
34%
Jan
41
Sep
39% Apr
8
24%
Apr
34%
Jan
!: 7% Apr
26
2'%
Apr
19% Apr
8
7
Jan
4% July.
14% Oct
Mar 25
99
Jan
22
May
6
110
•'
7% Jun
9% Jun
2
,37'% May 25
3
Jan
15
2
25 % Jan
5
26% May
30% Aug
2
20
32 5%
Dec
1
Mar
44% Jun
13% May
25
54
126% May 29
8
4
62
May
64%' Jan 13
70
Mar 10
.
59
7
Dec
:..•>; 71
Jan
Jan
553%
Jan
1193%
44'% May
107% Jun
Jan
15%
24
Jan
4
46%
Jan
3% Jun
2
1
% May
3% Apr
1%
2% Jun
■y
1
Oct
34% May
60%
Dec
153%
Nov
Apr
Mar
180
Jun
7
''20% Mar 30
Apr
12
July
73 % Jun
59% Jan 15
Jan
Apr
393% Mar
46
5
14% Jan 23
58
Dec
51%
5
29
4
6
6
27%
1033/4
Mar
37% Apr
7
120% May 27
8
8
13
Apr
Apr
% Aug
3% May 10
Jan
Jan
Dec
2
41
Jan
% Jan
29'%
Jun
,44% Jun
46
Jan
Jun
10
13
21% Jan
114
2
13
150
Dec
174%
15
1% Jan
64
40'% May
Apr
16
56
Jan
May
Jan
42 '% Jan
Feb
113%
8
Jan
112
87
6% May
159
Oct
4
Jan
47% Jan
16%
4%
17
101
par
100
Dec
U Jan
1
No
———
Feb
5%
32
,No par
i 19:
72
4Va
Apr
9% Jun
1
preferred
conv
17
5
19
Sep
2%
29% Jan
25
Stockyards Corp
Apr
2%
29Va Jan
'
No par
3%
1%
11%
4
9% Mar 25
6% Jun
No par
Preferred
10
i
13% Jan
—50
U S Steel Corp
47%
181% Apr
17
108
10
preferred
Ref & Min,
U S Smelting
U S
19
No par
S Rubber Co
U
29
4
par
20
10
1
Jan
39% Jun
10
.
96% Jun
.
T18% May 29
: 72 %
May 26
Jan
30
1
*U S Realty & Impt
5
6
MayI
5% Jan
59
173
No var
U S Pipe •& Foundry
U 8 Playing Card Co
U S
h
2
100
47'%
2%
Jan
8
No
Leather Co__;
160
160
*170
S
*46
75 %
77
*75
*46
500
41,100
;
'
174
*168%
$
2'%
77
»
47%
•
106%
9% Jan
No par
72
72 %
160
160
2%
*2%
,19
*71
3
3
*73
"78
*18
47%
3
3
3
2%
*3
*46
,47%
*46
46
46
*46
93% Mar
84% Jan
—
Alcohol
Partlc & conv cl A
2,900
23%
54%
119
16
5% Apr
'
69 %
*69
2% Jun
13% May
tPrior preferred
2,700
54%
Jan
16
6
20
100
5
50
Feb
Dec
4
U S Lines. Co
2,500
41
preferred
conv
S Industrial
U
40
11,100
2%
55
5% %
U
1,100
6%
40%
121
55%
33%
*39
42%
413/4
120%
120
600
1101/2
93% "
9%
333/4
41
*55
171%
6 5%
x9%
93/4
9%
34
119%
6
*110
6%
1,700
'
40%
,
6
173/4
63/s
1,700
36%
Co
preferred—.
7%
Sep
5%
6
U S Hoffman Mach Corp
41%
36 %
110%
*110
6 3/4
*39
.40%
41%
,
:
6%
U S Gypsum
1,106
Jan
6%
Jun
4% Jan
.
1,500
35
2% Jun
No par
8%
Jun
3%
3% Jan
U S Freight Co,
Dec
Nov
50
24
16% Jan
1,000
8'%
3%
Apr
9 % Jun
10
71%
*40
6 V4
17%
17%
173/4
110
33%
41
*•
120%
120
/
s
2%
40%
41%
121%
.•
6%
35%
*6
6%
*6
33% "33%
*39
41
40%
112
6%
9%
*39
17%
17%
*110
34
33%
43
-
*39
6V4
*6
413%
1st preferred
$6
Dec
2
,
No par
No par
U S & Foreign Secur
-e
72%
United
330
Oct
18
Jun
United Mer & Manu Inc v t' c„—1
2,600
Jan
48%
1,100
_
Feb
25%
Apr
Oct
20
July
4%
C?t
Dec
24
1,200
Faperboard
Feb
58%
1% Apr 1
33% Aug
3% Mar
9 Va Jun
35
9
5% Jan
v
32
11
5
Feb
74% Jun
No par
No par
Improv't
$5 preferred
;
2% May 10
12
60% Mar
179
8%
8%
35%
42
35%
6%
9%
9%
9%
*34
26>/o Jan
Co__
X26
4
5% Jan
5
16%
16%
*174
8%
*40%
42
351/4
11%
70%
71
179
*174
83/4
:Y'
16%
70%
179
42
110
6%
6%
5
1
Coal
No par
96
*94%
96
16%
70%
'
*8%
34%
17%
17%
>110
112
70
41%
6%
6%
18
*17%
*110
8%
42
35%
36%
>
>174
179
8%
36
*40
42
36%
*174
8%
8%
8%
8%
*40
69 %
69 %
70
*174
16%
*16%
11
10%
*94 Va
*16%
'
25
10%
96%
70
Cos
Gas
2 Va
179
8
Eng & Fdy
2%
70
8% Jun
60 % Jun
United
2%
*1"75
14 Va Jun
7
4
United
9
5%
4
2% Jan
Dyewood Corp
Preferred
1,100
9 Vs
25
5%
7% Jan
38 % Jan
United
4,100
2%
2%
24%
1
10
100
United Drug Co
Dec
Apr
Jan
30% Jun
140
20%
7%
16
5
900
Jan
3
2
17,000
104%
Apr
Jun
ii Jan
31%
9
89
May
17% Jan
7
Jan
30
37
No par
No par
14
y36%
1
United
7i%
9%
73
•
9%
21% Aug
23% Jun
69% Jun
16
9,100
Corporation
81%
17
31,500
$3 preferred
Jun
113
7
59
7
*58 Va
74%
3
Dec
Nov
9% Mar
18% Jan
31%
72%
55% Jan
Jan
16 3%
85%
1043/4 Mar
No par
7%
72
par
108
Jan
11
United-Carr Fast Corp
No
Co_,
113% Nov
Jun
114
100
Carbon
Dec
May
22% May 12
2
Jan
633/4
28% May 18
8
United
31.1%
73 Va
Jan
109% Jan
par
400
73/4
72
'
;
31%
31
30
16
100
No
Co
10
1
114% Jun
1%
13%
7
59
Biscuit
preferred
Dec
9%
83
May
100% Mar
May 27
29%
1%
29
13%
*6%
8
8
7%
30
i
30
13%
*58Va
7%
59
5%
—
preferred—
conv
31%
7%
30
30%
30
133/4
*6%
58%
5%
900
5
29
100% May 26
25%
*24%
29 Va
28%.
Aircraft Corp
United
Apr 29
May
20% Jun
65
65
1%
1 Va
1%
29%
13%
7Va
59
58%
8Va
8%
8%
/'
59%
*56
13%
63/4
7%
7%
7%
59%
29
13 Va
13%
13%
13%
13%
*7%
*58%
1%
29'/a
1%
1%
29%
72%
26%
26%
26 Vs
*20
*20Va^-2O%
112
—
Unipn Tank Car
48
Apr
108
28% Mar 30
5
100
5
preferred
88
27%
35%
.
2,100
88
88
'
5
2
15% Jan
Union Pacific RR Co
*26%
;
Jan
105% Jan
25
100
20
58
86% May 27
No par
pfd—No par
series
20
'
8
26
*
No par
$4.50
Union Oil of California
4%
Jun
11% Feb
56
18
25
41
May
Jun
18
142
Apr
161
12
176
167% Jan 20
Feb
10
61
147
Apr
Oct
152%
:
Oct
Dec
169/ ' Dec
V
•
%
3/4
*53
•
/
'
53
53 Va
52
22
■
22
52
21%
10%
33%
33%
33%
118
p — p.,
♦117
70
67
23 Va
23 Va
■>
62
22%
22 %
23
•
118
*33%
10%
f 34
10%
103/4
*33%
34''
'118
*118
44
—
44%
15
J?
iff
%
*52
22%
*52
23%
*103'4
54
23%
11
33%
n
1 <i
54
35
10%
24'%
10,100
118
10%
600
35 Va
35
118
4,500
1.200
118
44
44
*42%
44i%
*42'%
441/a
70
*61%
70
*61%
70
*61'%
70
*61'%
70
67%
*63
67%
*63
67%
*63
67%
*63
67%
23%
*23%
23%
23%
23%
•
24
*42'%
23%
'24%
23%
400
/
24%
No
Preferred
Vanadium
1st
5
Vick Chemical
100
Jun
%
10
11
12% Feb
25
Jun
12
118
*118%
5 Va
61
119%
-
5 Va
51/4
5%
5%
5%
5%
61%
61%
61%
62'/4
62'%
63
119%
*61%
119
119%
119%
119%
119%
119
*32 Va
5%
5%
1.900
63%
1,000
-
119
32i%
110
Va-Caroliha Chem
8%
El
Iron
41
Jan
7
44
Jun
22
30
51
Jan
22
62
May
4
50
57
Feb
15
67% May
6
23
Jun
No
343/4
33
33
32%
32%
33
*321%
33
33
150
Va
*36
38
36
36
35%
36
36
36
*36!/4
37Va
*36'%
37%
400
,
32%
32%
32%
32%
32%"
32%
33
*33
33%
33%
33i%
1,900
102
105
>102
144
r—
'144
*102
105
*102
*144
152
*144
32
32
*31
105
*1*02
•.
105
*144
105
/>.:■
•
-
*102 v.; 105
*144
"
"""V.
& Coke
26% Feb
3
Jan
4
5
•
5% Jun
10
7
>
May
July
55
Jan
Sep
18% May
15
63% Jun 25
Dec
60
Nov
25 %
Jan
1
22
Jan
Va
Jan
110% May
14
Jan
2%
Oct
40% Oct
117 %
Dec
20% Jan 14
Apr
34% Jun
21%
Nov
Jan
14
38% Jun
7
24
Apr
31%
Jan
29% Jan
2
33
Mar
19
26
May
29%
80
Jan
8
108
Apr
8
70
Jun
113
Jan
26
148
Jun
15
120
Mar
24'% Jan
4
7% Jan
5
11% May 29
2
28
Apr
10
109
Jun
No par
116
pfd—100
25
27
25
6%
Preferred'
—
39
11% Mar
26
116 J/4 July
42
Dec
100
5%
preferred—
Vulcan Detinning Co
.-
2% Jan
par
100
Virginian Ry Co
Coal
Jan
55
5
•
Maf
19
100
119%
*33
*
Jan
5
div partic preferred
<fc Pow $6 pref
Va
Dec
20%
112%
'
5Va
61
Sep
34%
Jun
7% Jun
25
35 Vb Jun
7
Mar 15
115
%
Jan
14%
5
24% Jun
100
Victor Chemical Works!
*116
32%
56
100
Co
Vicks Shreve & Pac Ry
5% preferred
<■.
: 700
7
4
8% Jan
25% Jan
2.50
preferred
Jan
22
l'/a May 10
5
Jan
15% Jan
31
No par
Van Raalte Co Inc
7%
Jan
par
100
Corp of Am
Van Norman Mach Tool
120
*63
Sales.
Vadsco
100
*61 %
53a
53/8
62
53%
*42%
43%
43%
*61
*63
%
■
53%
10%
10%
33%
%
%
53
21 Va
213/4
11
*10%
%
,
53
V Jan
15
120
12
Oct
96 Va Mar
138
Jan
,
W
11 Vs
*11
26 %
26 %
*107%
11
■26%
31%
32
32 Va
32V4
32%
32Va
32%
1,200
Wabash RR preferred-—,.
1,400
Waldorf
11
11
11
10%
n
11
11
26%
26%
26%
26%
26%
26%
26'A
26V4
>1081%
109 Va
*108%
*107%
*108%
110
.100
36 Va Mar 29
"
11
26%
footnotes see page 2423.
%
31%
11
110
110
For
31%
110
600
System—
Walgreen Co———..
4%% preferred with
No
par
—aNo par
100
warr
20% Jan
103
Feb
26
10
21% July
6% Mar
16
Apr
97%
Jun
30%
Jan
7%
Nov
20% NOV
102 Va
Oct
L
...
Volume
157
RECORD
NEW YORK STOCK
AND
LOW
Monday
June 19
•
Tuesday
June 23
June 23
$ per
$ per share
share
S per
$ per
$ per share
share
June 23
<
June 24
Sales
the Week
$ per
share
8%
Par
8V2
8%
8%
8%
8%
8%
8%
8%
47%
47%
47%
48%
*47%
48%
*47%
48%
*47%
48
17%
17%
17%
*17%
18%
*17%
18%
■>1"%
JR%
*17%
18%
100
10%
10%
10%
10%
10%
10%
11%
11%
11%
1,100
■2%
500
9
10%
10 3/4
103/4
2%
2%
*2
2
2%
2%
2
2%
2Va
47
47
45%
47%
*47
48%
143/8
13%
14%
13%
14%
14
14%
86%
86 %
86%
86%
86
86%
86
86%
86
*273/4
28%
27%
27%
*27%
28
*21%
21%
*21%
21%
*21%
21%
*15%
16%
15%
15%
23%
15%
15 J/2
23%
23% '
Vi
.
15
87
88 '
23%
24%
*5%
5%
5%
5%
5%
*23%
233/4
*22%
23%
23%
*75%
76
75%
75%
*73%
..
(H) Good & W Ltd
Div redeem
$7
1,100
$3.85
200
Bros
Warren
7% Jan
5
Pictures
No par
preferred
27
*27%
15%
•
15%
23%
*23%
600
Wayne Pump Co_a
*73 %
*
28
••
16.
23%"'' 23%
6%
-6%
-V 24
23%
23%
75
600
>
24 V,
6%
6%
24
23%
.1*74
75
200
*15%
15%
15%
23%
5%
6
23%
*21%;;v-21%
21%
21%
21%
21%
,
'!
May
15% Jan
12% Jan
17% Jan
No par
Washington Gas Lt Co——.No par
Waukesha; Motor Co
5
*27%
*27% J 28
28
Webster
12,200
6%
24
_
',
——1.
No par
16%
17%
75%
85%
75%
76
116%
116%
15%
107 %
*107;
1
,
$4 conv
v
76
116%
76%
116%
preferred
69
par
*107
108
108
1073/4
21%
273/4
27%
27%
27%
27%
27%
273/a
43/4
43/4
4%
4%
4%
4%
43/4
4%
9%
9%
9%
9%
33%
34%
34%
33%
34 5/a
34%
22%
22%
22%
92%
93%
933/4
*134
■
135
9
9
9%
37% "37%
27%
*111%
115
134
*36%
*26%
*111%
115
223/4
135 ?
<900
•37%
37%
26%
94%
'
*50
57
*50
57
*50
*90%
91%
*90%
91%
*90%
•
*50
*90'A
91%
21%
21
21%
21%
21%
213/4
21%
62%
62'/4
623/4
623/4
623/4
63'/4
*'63
7
6%
4%
5
*4%
*23%
24
*23%
18%
18%
19%
18%
18%
6%
18%
7%
5
*70
43/4
5%
75
*70
*23%
24
*43/4
43/4
*43/4
5
5
*70
75
*70
75
23%
*23
24
*23
24
75/a
73/4
8%
44,800
13'/a
13%
133/4
12,800
7%
7%
73/4
7%
7%
7%
/
*743/8
"r
7%
7%
74%
72%
723/4
*733/8
75
74
74
11
11%
11%
*11
11%
11
11
%
*116%
120
*116%
120
*11
120
22%
22
21%
21%
39%
39%
39%
39%
38%
393/a
39
393/a
23
21%
213/4
21 5/b
22
22
22%
213/4
*20%
22
145
145
r!45
145
129
129
130
*111
130
*111
125
10
52%
*52%
53%
*52%
53%
*521/4
*55
57
*55
57
*55
57
*55
*96
102
*92
102
*96
102
67
67
67
52%
53%
*55%
57%
102
"
66%
66
66 3%
29%
29%
16%
29%
29%
28 3/4
283/4
28%
28%
16
16%
153/4
16 1/8
163/a
16%
124%
127
*1241/4
*1241/4
127
127
*124%
13%
14
14%
14
14%
353/4
35%
35%
91%
15%
91
91
14%
15%
14%
31%
3%
31%
31%
31%
33/4
37/e
3%
14%
14%
35%
91%
15%
31%
3%
•Bid end asked prices;
reduced from 100 to 10
28%
28%
163/4
16%
*28
163/a
*124%
14
14%
15
32%
33%
33%.
41%
4%
no
35%
15
31%
32%
323/4
*92
4
Monday
Tuesday
Wednesday
Thursday
-
Friday
Total
-
—
17% Jun
4
Mar 10
34
41%
Mar
19
36
Apr
119
Jun
3
102
May
16
Mar 29
10%
Sep
5
2
2 '
2 t
109
May 22
97
Sep
•
-
14
6Ve Apr
3
-
4
19% Feb
8.
Government—
Foreign
Railroad
Apr
83
Dee
136
Jun
3
109
Aug
127
Jan
-
38
Jun
24
23
Apr
32%
i
29% May
5
22
Mar
31%
973/8 Jun
2
5 1
Jan 12
4
1
112% Jun
23
■
*
Total
Apr
6
91
Apr
7
80
93
23% Apr
5
17%
Dec
27%
Feb
67% Apr
S
58%
Dec
69%
Jan
Jun
5
12% July
15%
Deo
;
12
Jun
15%
Jan
'
3
Mar
5%
Not
1% Apr
3%
Jan
20
213/4 Mar 30
8
May 24
5% Jun
86
7
40
Apr 30
30
5% Jun
May
15%
7
Apr
1 %
25 '/4 Apr
Apr
13/b Aug
2%
Oct
4%
Apr
8%
Deo
7
3%
Sep
6%
Jan
Sep
733/4
Jan
107% Jun
110%
3
61
773/4 May 10
11% Apr
Jan
8
163/b
23 % Mar 26
21% May
14% Jun
11
40% Jun
Dec
Nov
125
July
22
106
Nov
117
Mar
54
Jan
57%
Jan
130
Jun
54
Jun
42 %
aun
57% Jun 18
44
Jun
20
80
Jun
104
Jan
Mar 23
39
Apr
62
Jan
108
1
Apr
70
15 % Jan
30 % May 10
13
23%
Oct
100
Dee
7%
Not
37%
Jan
Preferred
14,500
4
15% Jun
30
Jan
6
39% Apr
5
Apr
28% Jun
82
7% Jan
Young Spring & Wire
No par
Youngstown S & T_
—No par
t5%% preferred series A
100
4,800
Zenith Radio Corp
No par
19% Jan
12
<341/4 Jun
4%
4,600
Zonite Products Ccrp—
|
r Cash
sale.
2
1
Jan
25
43/4 May 10
2
Ex-rlghts.
y
x Ex-,dividends,
s Special sales,
8%
Feb
1% May
II Called for redemption,
14% Not<
87
Oct
12%
Jan
20
23/4
Deo
Jan
t Unit of trading
Transactions at the New York Curb Exchange
:
$2,285,000
$64,100
Bonds (Par Value)
Foreign
Foreign
(Number
of
'
$49,500,800
Shares)
Week Ended June 25, 1943
Saturday
87,225
181,530
201,655
199,640
199,385
—
Monday
7,241,000
Tuesday
11,001,800
—
....
...
Wednesday—
-
Thursday
——
—
Domestic
$405,000
542,000
681,000
884,000
815,000
Government
'
$15,000
25,000
20,000
13,000
J.
Jan.
742,000
74,000
6,000
822,000
$4,069,000
$147,000
$42,000
$4,258,000
1943
1942
168,151,898
$4,852,800
70,950,000
1,013,480,300
——
—
1,102,995
1942
Jan. 1 to June 25
1943
1942
42,580,212
8,831,971
$2,222,000 $116,250,000
$86,559,500
8,203,000
2,285,000
$2,268,000 $125,125,000
$89,315,500
252,400
51,168,028
$1,561,200
Total
$406,000
566,000
714,000
920,000
830,000
233,560
I to June 25
1943
Corporate
$1,000
9,000
8,000
16,000
2,000
1,102,995
Total
1,840,000
65,241,200
47,151,700
25,981,500
1,895,948,900
B°nd'
Domestic
$4,069,M0
I
Foreign government.—.—
Foreign corporate
,
$28,000,000 $1,962,751,300 $1,089,283,100
Totftj
M
•
.
■
^.ooo
42,000
...
—
$4,258,000
.
the daily closing averages of representative stocks and bonds listed on the New York Stock Exchange as
Jan
117
34i/4
$47,151,700
-Stocks-
46,000
672,000
20
T
Indus-
Rail-
trails
roads
Total
15
Utfli.
-
ties
'
f
65
•
•
(Stocks
•
10
First
Second
Grade
Grade
Utili¬
trials
Rails
Rails
Total
10
Indus¬
10
*•:
June 19
139.73
35.21
20.26
48.10
107.55
100.84
138.79
34.78
20.11
47.72
107.56
100.80
35.01
20.13
| 47.85
{ 48.20
107.51
100.80
64.50
111.06
64.44
139.03
40
Bonds
ties"
64.75
21
June 22
i
compiled by Dow, Jones & Co.:
—Bonds—
10
30
.
•!
96.05
111.16
s
95.99
111.12
95.98
140.04
35.33
20.22
107.54
100.91
64.95
111.12
96.13
140.86
35.42
20.20
48.42
107.52
101110
64.92
111.17
96.18
142.27
35.83
20.46
48.93
107.65
101.11
65.30
111.17
96.31
'
:
Deo
213/s
243/4 May
7
Jun 12
145
121 %
9,976,000
June 25
31
Oct
Jan
Apr
12,121,900
June 24__t
24
Jan
$3,072,100
6,088,000
1,000
'
6
115
10%
Sales
23,000
'
>
Deo
25
Jan
4,100
June 23
2%
8 % Jun
8'A May
>
>•;
Jan
22% Jan
13 3% Jun
May
12,000
June
53
111%
nNew Stock,
Bonds,
:
Jan
7
$24,000
Date—
Oct
Apr
Stock and Bond Averages
are
Jan
50
Stocks
ox
Below
Dec
Dec
42%
78
$192,000
296,000
449,000
676,000
425,000
247,000
$49,500,800
-
108 3%
July
60
16% Jun
$2,856,100
5,769,000
6,791,000
10,325,800
9,546,900
11,862,900
$178,500
100% Jun
92% Jlin
302,930
714,540
698,170
830,230
728,950
1,146,660
$64,100
63%
Daily, Weekly and Yearly
2,285,000
ft industrial
Oct
18% Jun
Bonds
U.
Jan
13% May
2
Bonds
1,426,170
Jan
81/4
30
4
and Miscel.
4,421,470
Dec
3%
1313/4 Apr
Stocks—No. of shares..
shares
Jan
383A May 12
Week Ended June 25
Stocks—No. of
20
•
Jan
Feb
104%
2
Mfg. Co
Bond
1942
Apr
Jan
18
4% May
23% Feb
Jan
Government
1943
2
Jan
113%
12 3% May
5
11% Apr
Jan
24% May 29
7
21 % Jan
_2S
29% Jun
.
104
93
Apr
80
91
Apr
Mar 17
8 r.
5
Jan
Jan
10% Not
7% Aug
19
78
91
:
4
2
109
Total
Week Ended June 25
Jan
Not
9% Jan
4,421,470
-
20%
x71%
15
76% May 19
No par
United States
Foreign
May
59% May
25% Mar 29
Youngstown Steel Doo.r
4%■;
Oct
July
12
200
Bonds
Shares
,,
6,100
Railroad
Number of
Week Ended June 25,1943
3
112% Feb 15 <
Feb 24
443/4 Jan 9
46
Jan 9
88
Jan 15
58% Jan 4
A. 100.
preferred Ai
Daily, Weekly and Yearly
Stocks,
f.l3/4 Jan
12'% Jan
Transactions at the New York Stock Exchange
'
25
118% Jan
92
tin receivership, a Deferred delivery.
A Name changed to Sinclair Oil Corp.
6% Jun
Not
-■
Yale ft Towne
3,100
-15%
sales on this day.
7 %
-
V
92
15%
18
Yellow Truck & Coach cl B—„—1
36% \ 37%
92
15
14
Jan
9,300
14%
15%
36%
91%
143/4
Feb
Jan
11%
2,500
127
93
351/4
91%
19
Jun
12
i
17
14
!
}
28 ¥4
•
36%
35%
3%
900
673/4
,
*124%
127
133/4
127
-
10
(F W) Co
100
Prior pfd 4%% series
100
Prior pfd 4%% Conv series—100
Wright Aeronautical
No par
Wrigley (Wm) Jr (Del)
No par
102
67%
35
4
*96
102
67'/4
*91
shares.
Saturday
Jaa*
Oct
13%
17% Jan 9
30% Jan 2
16% Jan 20
10
6% preferred B
57
*96
66%
-
100
53%
*55
57
67%
67
163/8
*52%
-='53%
100
Worthlngton P & M (Del)—No par
200
*129
pfd
6%
Woolworth
5,900
130
130
132
♦128
139
*52%
22%
-
10"
Co..
Woodward Iron Co
10,000
21%
21%
No par
preferred
Wilson-Jones
1400
145
145
145
145
145
*21%
22
1
10
No par
Wisconsin El Pow
39%% 40%
39% '< 40
22%
$6
700
700
22%
—5
Wilson & Co Inc..
120
*116%
22
75 %
20
Willys-Overland Motors
6% conv preferred
8,400
11%
r
.
22
*116%
120
;'
8
No par
preferred..
Wilcox Oil & Gas Co
2,700
73/8
12%
11%
*96
5
5
7%
73%
*127
Prior
1
t$4 conv preferred...
1100
12%
7
11%
145
I
12%
7
No par
Spr Co
23%
,,
12%
75
*20%
White Sewing Mach Corp
74
23'/4.
5
5
5%
5
5'%
White Rock Min
1,500
6%
*116%
Oct
39%
24%
3
13% Jan
2
33/4 Jan 5
2% Jan 8
40
Jan 15
x20% Jan 19
2% Jan
2
2% Jan 2
8
Jan 6
4% Jan
2
57 % Jan 4
9
Jan 27
115
Jan 8
1
2,000
12%
11%
—
Deo
2
No par
White Motor Co
5%
6%
75
*116%
Not
8 V2
803/4
17% Jun
4
26 Va Mar
No par
7
'
12%
7%
31
'
7%
7
7
7%
7%
5,000
7
5
19%
,
6%
12%
29 %
Apr
May
4%
24% Jun
106%■ Jan 15
a-100
52
Mar 13
100
85 > Jan
9
Wheeling Steel Corp..
No par > 18
Jan 2
$5 conv prior pref
No par
583% Jan 5
White Dental Mfg (The S S)
20
15
Jan 14
180
19%
19%
81
120
12.50
preferred
Wheeling & L Erie Ry Co
5%% conv preferred
200
18%
*193/4
19%
^—50
50
Instrument
$4.50
4.500
65
♦12%
7
6%
6%
5%
5
5%
5%
12%
17%
75
*70
75
*70
18
7
17%
18%
*193/4
223/8
Elec
Westvaco Chlor Prod
91%
22
62
19%
•Weston
800
:p. 57 r
57
91%'
61%
6%
Feb
Not
8
4
..100.
--100
f
70
v
No par
preferred—
preferred—i
Westlnghouse El Si Mfg
1st preferred
a
3,900
40
21%
18
16
x65
25
323/8 Apr 21
22
Jun
1
Jan 21
.
400
*90%
19%
4,800-
27
63
19%
10;400
95 %
:i35%
27"',!'
91%
*19%
5
*111% -113
21%
19%
'700
373/4 •*38
27
113
*111%
1,600
2,000
s
*133
>
38
27
26%
112%
■
94%
135%
38
9'/«H 0
21%
*193/4
1
Jun
Nov
1
?.
Oct
6 •"
Jun
% May
153/8 May 20
4
,
130
-
34.%';35%
22% - 231/8
223/4
94
37%
112%
27%
115
"
108
4%5 t
*
343/4
*133
135
>
9% i; -9%
22%
933/4
93%
93%
4%
34%
300
27% ' -27%
27%
*43/4
-
34%
22%
22%
134
-
-
27%
-
*90%
*62%
Not
2%
16 %
4
67%Jan
•■6%
57 ;Jan
tWest Penn Pr Co 4%% pfd_—100
109 t Jan
West Va Pulp ft Pap Co
NO par
-.11% Jan
;
t6% preferred-^-..,
—100 .; 103 /«Jan
Western Auto Supply Co
—.101"'
19
Jan
Western Maryland
a_100,
2'% Jan
4% 2d preferred
—100,
53/a Jan
Western Union Telegraph
—100
26% Jan
-Westinghouse Air Brake..
No par
15% Jan
7%
560
■
"45•£.
107 *
108
n-
57
*50
57
*50
92%
93Ye
27
*26
*111%
22%
22%
37'%
37
*26'/4
34%
136%
*134
;
Not
41%
5
8% Jan
50% Jan
-—1
Indies Suga* Corp
West Penn El class A
50
340
■
•77
"
107%? ■107%
»
116%
>116%
'15% >15%
15%
15%
15%
15
116%
116%
116%
'
76 3/4
76%
1153/4
76%
76
87% .88
West
22,200
•*71 :•> .-74%
87%
87%
87%
*106%
*9
5%
Apr
13% Mar
"
-
74%
74%
86%
17
16%
16%
16%
173/8
16%
*72
86 %
*86
15'%
153/4
*15%
17%
74%
*72
>76
76
76
117
*116%
85%
85
86
16%
17%
74%
*72
Apr
88
1
2% Jan
17% Jan
No par-
No
Eisenlohr
Wesson Oil & Snowdrift
500
•200
75
75
75
Fdy & Pipe
"
17%
74%
3%
31%
50% Jun
7
May 13
79
5
30
2% Mar 29
4 >
Jan 20
36
50
preferred
Warner
2,680
t per share
93/4 Jun
18% May 25
13
May 29
5
% Jan
Highest
S per share
60% Apr
2..
4% Jan
Ward Baking Co cl A—..——No par
Class B
No par
32,300
»
4% Jan
S per share
38% Jan 12
15% Jan
4
No par
No par
preferred
1942
\
'
*233/4
Walk
600
f'
50
14%
86%
*47%
48%
14%
14
,
2%
48%
"2
47%
14%
*47
■
>
$ per share
No par
Walworth Co
5,400
x8%
48 3/8
*17%
Year
Lowest
Highest
Lowest
/,
Range f<*r Previous
1
Range Since January 1
«
*47%
87/a
STOCK
EXCHANGE
Shares
share
<
STOCKS
NEW YORK
for
Friday
Thursday
Wednesday
June 21
Saturday
V
HIGH SALE PRICES
2423
CHRONICLE
THE COMMERCIAL' & FINANCIAL
Number 4189
1
471,000
1
-1
:
THE COMMERCIAL & FINANCIAL
2424
Bond Record
•
CHRONICLE
Monday, June 28, 1943
New York Stock Exchange
«»
FRIDAY
WEEKLY
-
YEARLY
-
Cash and deferred delivery sales are disregarded In the week's range, unless they are the only transactions
the week, and when outside of the regular weekly range are shown in a footnote in the week in which they occur. No account is taken of 6uch sales in computing the range for the year.
The italic letters in the column headed "Interest Period" indicate in each case the month when the bonds mature. \
.--■'
NOTICE—Prices
Week's Range
or Friday's
Friday
New York Stock
Exchange
-
Low
^
A-O
Treasury 4 Y4S
—.m.
,,.1947-1953
Treasury 4s
:
1944-1954
Treasury 3%s____....
1946-1956
Tret t try 3Vis
1943-1945
Trea 1 iry 3Vis
___1944-1946
Treasury 3%s
1946-1949
Treasury 3 Vis
1949-1952
Treasury 3s__ mmmmmmmmMMMmmmm 1946-1948
Treasury 3s
—.,„__>_1951-1955
Treasury 2%s™_1—
_1955-1960
Treasury
1945-1947
Af-S
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
2^3——
Treasury
2'As—__—
Treasury 2'As
Treasury 2'As
1
Treasury
M-S
M-S
M-3
2s_.
Treasury
2s
Treasury
2s
—-—-June 15 1948
Treasury l%s
Farm
Federal
3 Vis
J- J
104
100.23
100.3
100.21
23
33
M-S
100.22
101.4
ACosta Rica
105.7
Cuba
J-D
102.8
101.25
101.25
107.6
106.23
106.23
External
10L14
10L14
Sinking fund 5'/2s
A»-3
1945-1947
York
New
4%s
debt
Public
wks
5%S
100.23
External
100.27
External gold
100.12
103.16
100.9'
100.16
-102.5
Af-N
*102.2
J-D
1■:
*101.10101.12
102.2
102.4
;
102.27.
City
J-D
106% -106'A 106 %
75
103'A
an
1st
series.—
—1967
7s
Finland : (Republic) extl 6s——1945
French Republic 7s stamped—1949
7s unstamped—
-1949
A7s
part
part
Broadway,
.
-
—1947
sink fund 6s
AGtd
F-A
1948
(King of Norway) 4s.
AAntioquia (Dept) coll 7s A
A-O
1968
1945
Akershus
M-S
J-J
f 7s series B
1945
s
f 7s series C
1945
f 7s series D__.
1945
J-J
*62
__
21%
—
J -J
s
—
J-J
AExternal
AExternal
54%
54%
—
AExternal
s
AExternal s f 7s
1st series——1957
1957
f 5s_—
s
1943
(Coramonw'lth)
5s
22
100
100
25
84%
91
78
78%
92%
91%
92%
58
82
94
1957
M-S
92%
91%
92%
14
83%
M-N
88 %
87%
f 7s„_,
1955
J-D
—1941
J-D
SABrazil (U S of) external 8s
AExternal s f 6%s of 1926
s
f 672s
1959
100
53
34
50%
34
51%
34%
51%
41%
45%
64
45%
26
87
91%
J-D
Af-S
Af-S
F-A
*90%
89
—
.
*92
—
*80
——
73%
—
Af-N
74%
A-O
J-J
45%
— —
90%
—
75%
74%
75%
78%
83
90%
87
5s
6s
sink
sink
sink fund
fund 4'/2s
1956
1965
1970
10
11%
13%
14
A
extl
(Rep)
s
f 5s
ser A-1963
124
APernambuco
(State of)
90
14
17
18'%
32%
9
90%
*94% 100
—•
I
*
38
69'%
76
70
76%
71%
78%
81%
MM
-
*104
97%
1017a
97'/a
102
23'%
23%
1940
A-O
MM
mm
mm
mm
.-1958
A-O
17'%
MM
15
16
1947
A-O
MM
23
23
MM
14
17%
2
15
20'%
—
*16
■:
*15
*21'%
——
s
1943
f 7s
A 7s assented
J-J
U'N
1943
23
-t—
M -N
1960
sinking fund 6s
*19
—
1968
APorto Alegre
AExtl
sec
J-J
*15
19
19
A-O
*21%
23
23
23
A 6s assented
I960
sinking fund 6s
A-O
22
footnotes
see
page
F-A
1961
1961
J-J
22
Sep
1961
M-S
——
Sep 1961
y-s
— —
22
21
22
*45
96%
29
26
28'%
28
33
F-A
—
1940
32'%
A-O
1968
J-D
76'%
77
60
73%
803%
ASao Paulo
1952
Af-N
32
33%
18
18%
34
1957
Af-N
28
30'%
23
17'%
33
44%
44'%
41
52%
(City of Brazil) 8s
33%
'
A6%s extl secured
s
f
8 A San
Paulo
(State)
8s
MM
§ a Secured
f
s
7s
Serbs Croats & Slovenes (Kingdom)—
a 8s secured external
1962
series B
sec
(Prov of)
A4%s assented
*42%
*37
s
Af-N
18%
25%
External
1
20%
26
External
18%
25%
2674
37/s-4%-4^
mm
mm
1955
F-A
1946
F-A
readjustment
(City)
87
87
*80%
68
67 3%
Af-N
Af-N
J-D
*63
1978
F-A
t
mm
—
13%
85
943%
84
87
87
88
68%
27
64
66
72%
61'%
67%
60
70'%
68
MM
1
64%
mm
13'%
mm
12'%
17%
mm
78
♦ •
12%
ll'/2
8*4%
1
—
*10
F-A
F-A
70'%
J-J
1958
A4%s assented
1984
1958
:
mm
11
mm
mm
87
*59%
1978
external 7s
_
2
I
1979
conv
13%
95
*85%
.1979
conversion
4-4%-4%8 extl readjustment
3%s extl readjustment
AWarsaw
173%
133%
($ bonds of 1937)—
extl
10
13%
Af-N
50
3
16%
Af-N
47
71
16
*15
I960
23
62
*12
1964
46%
6
Af-N
AExternal sink fund 6s
48%
29%
67%
J-D
-
48%
29%
65%
1958
f 5%s
32
31
16
67%
J-D
AExternal sink fund 6s
22
MM
1958
3%s-4-4%s
23
6
1962
Uruguay (Republic) extl 8s
20%
43
mm
.
extl 7s
25%
25%
41
1
45
40%
:•
extl
2428.
44%
■
26
18%
31%
Af-S
26%
14
31%
18
1964
20%
21%
33%
17
53
Santa Fe external sink fund 4s
20%
21'%
20
31
17%
loan
1
25%
42
62
•
1
25%
30
29
a
18%
16'%
27
104
20%
110
J-D
municipal
100%
1
96%
31
1967
gold
A7s
6
33
35%
90'%
18%
M-N
A 7s
22%
30
1
30
(State of)—
1966
ASilesia
22
MM
96%
26%
28'%
104 %
21
50
Af-N
A-O
29%
102%
22%
30
25%
101'/a
J-J
Jan
assented
AExtl sinking fund 6s
A 6s
assented
F-A
1961
30
17%
27
27
20
1961
Jan
f 6s_.
Feb
Feb
assented
17%
8
29
25
F-A
A7s external loan of 1926
101'/a
22%
16%
MM
*27
27
MM
1947
1953
12'%
15%
1952
extl loan of 1921
12
*
17'%
19
*15
1946
6%8
Rio Grande do Sul
A 8s
J-D
1966
APrague (City of Greater) 7%s
Queensland (State) extl 6s
A Rio de Janeiro (City of)
8s
J-J
1961
(City of) 8s
AExternal loan 7%s
J-J
1963
A4%s assented
A-O
1950
sink fund gold 8s
AExternal
13
25
•
'
.
1954
■
'
A Stabilization loan s f 7s__
Sydney (City)
(City) 8s
(Rep) External
s
103% 103%
28
24%
A-O
9
14%
13
1940
30
—
24
12%
1007a
101%* 101%
104
—
26%
13%
100'A
101% 101%
90
104
106
40
J-J
101%
84
73
28
1944
1967
1968
101%
70
5
115
J-J
M -N
73
MM
20%
1968
J-J
72%
MM
*81
MM
i
20%
extl dollar loan
102'%
79%
20'%
a 6s
103 7% 104
86
72
19%
105
*100'% 100
87%
71
82
*81
20%
101%
—
—
19%
(Rep of) gold 6s
A4%s assented
75'%
5
MM
81
19%
5
A Carlsbad
95
89%
80%
20
1041% 104'%
61
t,
20%
A 6s external sink fund
68%
22
12
MM
*79
—
M-S
—
85%
77%
15
87%
87%
*85
MM
J-J
J-J
MM
89%
89%
J-D
8 A Poland
92%
11
89%
——
M-S
J-J
1958
101%
A-O
1950
•
101
100%
1961
1959
1936
15
92
100%
MM
1960
(Rep of) external 7s
1956
•.
82%
MM
ANat Loan extl s f 6s 2d ser
extl water loan
Jan
~2
90%
ANat loan extl s f 6s 1st ser
A Peru
external
.
93
MM
24%
A7s
...
84
82%
MM
25%
a 8s
,
90
84
93
90%
Af-S
101'A
1
32%
89%
—
*101
Af-S
lOO'/a
'
18%
MM
MM
*100'%
M —
1947
60%
3s
32
30%
*83%
*80%
1967
7s
1097a
102
15%
15'%
30
Af-N
48%
102
11%
12%
12%
17
J-D
107%
J-J
9
12%
32%
Af-N
6
J-J
12%
16
1963
12
1948
12%
30
1994
Stamped assented 5s
mod 3'As ext to
100% 100%
1953
9
204
MM
A-O
109% 109%
15
43
*14
*88%
J-D
—1955
100%
15
11%
45
«...
F-A
109%
Jan
91'%
MM
—
A-O
1963
4'As
A-O
Jan
82'%
15'%
MM
Af-S
fund
extl loan
F-A
J-J
2
1
F-A
1984
*60%
23'%
90
32 V2
F-A
1944
f
s
1960
—
17%
15%
13>/a
A-O
1943
f 5s
Stamp
94
92%
.
74%
77
19
95
74
.
70
92
—
97
11
1.
(State)—
30-yr 4s
1
For
97
36%
41%
—
62%
22%
15%
F-A
1958
South Wales
f $ bonds
3s
A 6s
46
—
F-A
24
70
85
MM
MM
11
J-D
1945
1961
s
(Dom of)
ARy external
1
48
44%
1975
10-year 2%s
25-year 3'As
7-year 2'As
30-year 3s
30-year 3s
A 6s
99
44
J-D
Af-S
17%
MM
14'%
,
U-N
1957
7s
A4%s assented
99
41%
95
23%
85
10%
10%
MM
M-S
1952
1959
(City)
series A
A Panama
99'%
A-O
1976
1976
f 4'A-43As
6s of 1913 assent.
15%
12
68'%
MM
(State)—
Municipal Bank extl s f 5s
(City) sink fund 4'/2s
99'%
1957
Ry)
100
89
89
J-J
Oslo
91
96%
_1952
f 6'As of 1927
Refunding s f 4'A-4'/2s
External readj 4%-4%s
A Extl
79
96%
1
44%
—
AExternal
34
99
A-O
(City) s f 5s—
1957
Sinking fund gold 5s
1958
Sinking fund gold 6s™.
—1950
Buenos Aires (Province of)—
A6s stamped
—1961
External s f 4%-43/8s
1977
AChlle
99
1957
Brisbane
2'As
88%
*98
—
97
22%
M-S
94
M-S
'
31
58
*94'%
J-J
83%
J-J
-iQ4fl
1945
-
1933
84
79
s
external
100%
30
External
3%
96%
80%
J- J
Canada
5
81
1955
s
100
89%
,
99
mm
22'%
21%
*15
—.
m..
J-D
1958
23%
80
——1956
1
78
*55
—
Q-J
f 6%s
4s
54
80
f 6s
External
23%
16
88%
s
s
16
42%
80%
External
(Central
3
—
80
-
—
100
21'%
Q-J
Ext sec ref 3%s series B—i
M-N
85%
23%
89
External g 4%s of 1928
A 7s
2
22
47%
24
F-A
i:
4s of 1910
External
24
24
15%
A-O
Belgium external fl%«—r-
AExternal
22
15%
16
15%
25
——
— —
M-.V
1927__
of
4
24
*45
4s of 1904
External
24
30
95
MM'
*75
'
•».-
M -N
1945
..1945
-
Norway external 6s
54%
15%
.1972
S f extl conv loan 4s Apr
External
22
23
22
__
2
,—1972
5s of '25-1955
S f extl <sonv loan 4s Feb
Australia
A-O
J-D
46
85%
18%
89%
j
100
•
J-D
ASec external
54%
72
1
>
«...
21%
*21%
44
*99
J-D
—1954
5s of 1899—.
External
2
—
*21%
A-O
f 7s 3rd series—1957
sec s
(City) external 5s.
1958
Argentine (National Government)—
8 f external 4 Yes-,——
—1948
8 f cony loan 4 % s—————1971
AAntwerp
1
54%
*21%
—
A-O
AExternal sec s f 7s 2d series
AExternal
21%
54%
B6
85
*20
s
s
72
42%
*60
«
A-O
AMontevldeo
(Colombia)—
6s
*
M -N
External
85%
72
92
,
85
•—
I960
External
sink fund
M-S
A-O
A 6s
57
69%
*30
J-D
i960
Foreign Govt. As Municipal
AGtd
85
J-J
mm
Teletype
42%
10
62%
A-O
A-O
New
Agricultural Mtge Bank
•
53
67
45
86%
*85
A-O
•
ASec external
1-1693
52
47%
*85
..1952
Mlnas Geraes
NY
52
1964
—
——
A4%s stamped assented—
(US) extl 5s of 1899 £
New York
53
11
61%
*
^.1968
Foreign Securities
120
*60.%
M-S '
.
66%
.
paid-paid—.
AAssenting
AAssenting
AAssenting
§ATreasury
Members New York Stock Exchange
54
30%
66
Af-3
..1969
.
AMexico
2-2300
93%
38%
*50
A-O
a Jugoslavia (Sta te
Mtge Bk) 7s
1957
AMedellin (Colombia) 6'/2s
—1954
Mendoza (Prov) 4s readjusted
1954
Mexican Irrigation—
Wertheim&Co.
52%
52%
A-O
1969
5%s 2d series
ArEstonia (Republic of)
and other
Telephone
A-O
,
Customs Admin 5%s 2d series—1961
Irish Free State extl
active interest in
South American
REctor
130%
A-O
1061/2
1
.
106%
IA Dominican Rep Cust Ad 5%s
1942
§ a 1st series S'/2s of 1926—1940
•§A2d series sink fund 5'/2s
:
1940
4'/2s
(Republic) s f 6s series A
Helsingfors (City) extl 6'/2s
We maintain
*130%
A-O
5%s_.
Haiti
It
107
—1962
A6s
1980
_.
103
72%
104%
F-A
gold
Greek Government-—
Corporate Stock™
102%
93
J-D
ser A-1951
1952
99
101%
93%
1955
5%s
m
52
19
100%
*103% 104%
J-J
102.28
102.5
102.5
(Rep of) 8s
25
*102%
J-D
1942
*101.29 101.31
__
39"
37
J-J
—1945
100.23
103.16
47%
*24
F-A
1977
ASinking fund 8s series B
SADenmark 20-year extl 6s__
Transit Unification Issue—
3%
—1949
101.1
100.12
47%
m-N
—1953
-
100.28
••••••
1%S series M
loan
external
100.23
101.2
54
*102%
100.15
105.9
37
40
F-A
100.26
*100.23 100.25
30%
30%
50%
1949
100.14
*105.7
37
40
*100% 102
101.4
.*101
1_
48%
50%
jji-N
101.2
100.9
37
64
38%
*36%
Af-S
101.8
*100.23 100.25
64
52
;
F-A
1944
*101.2
v
—...—1944-1952
3s series A
7s
*101
*100.27 100.29
M-N
5
10
J-D
1951
a
Home Owners' Loan Corp—
'
___1946
A Czechoslovakia
*101.6
23
*36%
(Republic of) 5s of 1904
4'/2s
*104.20 104.23
—
Af-N
A-O
External 5s of 1914 series A
*104.13 104.15
__
J-D.
J-D
1947
22%
*
23%
52
64
47%
...
(Rep of)
16%
65
64
47%
ASinking fund 7s of 1927—1947
Copenhagen (City) 5s
—1952
25-year gold 4'/2s
1953
*107.4
__
23%
18
—
J-J
■
*102.6
„
/
17% : 24%'1
20%
A-O
Mtge Bank 6'As
ASinking fund 7s of 1926
100.6
*101.31 102.1
1961
24%
.
17%
——1970
$ bonds
104.30
101.3
—Oct
—Jqn 1961
-
f
s
100.15
.101.3
__
Af-S
1944-1964
-
-
external
A Colombia
104
100.10
104.5
*100.18 100.20
__
J-D
-194*4949
—
*63
104.6
__
M-S
20%
A-O
103.24
__
20
*20%
*104.10 104.13
Mortgage Corp—
3s —J
{
J-D
18%
*18%
3s
__
17%
21
J-D
107.13
__
24%
21%
21
M-S
106.20
__
*20%
1900
*106.23 106.25
Af-S
;
24%
:
20
A-O
1951
(Hukuang Ry) 5s
(Republic of)—
1928
:
lrtl00.16 100.18
J-D
I
24%
Af-N
a 7s assented
1927
__
25
24'%
17
;
M-S
of
101.3
J-J
20%
Af-N
Of
*104.3
J-D
M-S
20
Chinese
.
A
25%
17%
A-O
»
-
19%
21
J-D
1961
26
25%
26
18%
-
J-D
1962
A 6s
J-D
12
21
:
High: '
18%»'
22
*20%
i960
A6s
t
22"
21%
*20%
J-D
1962
Cons Munic 7s
Colombia
104.11
107.8
^*100.30 101
__
22
J-D
1961
^107.23 107.25
„
8
20%
Af-N
1961
106.31.
__
•
1961
106
-
Low
111.29
*104.9
;
.
108.26
No.
21%
1957
> A 6s assented
111.16
21%
1957
6%s
Bondsi v;<:Range Since
Sold
zi January 1
Af-N
1963
of
23%
A-O
1963
Mortgage Bank 6%s
A Chilean
111.10
*107.6
__
M-S
108.15
sinking fund 6s
High
A-O
.
1962
AGuaranteed sink fund 6s
*106.31 107.1
—
__
J-D
Treasury
109.11
108.21
1963
;
A6s assented
107.10
108.10
*112.11 112.13
__
M-S
J-D
J-D
—-March 1950-1952
Sept 1950-1952
,
1951-1955
;
1953-1955
107.6
Low
A6%s assented-
112.8
Sale Price Bid & Asked
—
AGuaranteed sink fund 6s
111.13
Week's Range
or Friday's
Last
Period
assented-.:
ASinking fund
104.26
*111.27 111.29
__
J-D
Treasury
110.6
109.9
104.5
112.8
Friday
Interest
25
a6%s assented
?-"■
*111.27111.29
„
J-D
Treasury
Treasury 2s
106
*107.13 107.15
__
J-D
2s———————1947
2s
_Mar 15 1948-1950
Treasury 2s
:
Dec 15 1948-1950
Treasury 2s
Jun 15 1949-1951
Treasury 2s———Sept 15 1949-1951
Treasury 2s
.—Dec. 15, 1949-1951
105.28
*109.24 109.26
__
1962-1967
___
106.4
AChlle
U0.20
112.8
J-D
106.30
110.13
*111.24111.26
I''-'..
A 6s
103.3
106.6
*104.12 104.14
__
—1963-1968
1964-1969
——1967-1972
—1951-1953
___1952-1955
1954-1956
Treasury 2 Vis
Treasury 2Vis
Treasury 2%s—
102.9
102.9
(Continued)
External
101.31
111.9
Af-S
M-S
Treasury
100.30
(Rep)
Ended June
AExternal sinking fund 6s
a6s assented
a
*106.2
__
M-S
J-D
~
*111.7
__
M-S
2%s
—__1951-1954
2%s
____1956-1959
2%s
.
1958-1963
2%s
1960-1965
2%s
1945
2Vis—
——
1948
2 ^s—————1949-1953
2Vis
___1950-1952
2Vis
1952-1954
2'/2 s
1956-1958
Treasury
106.3
*106.14 106.16
__
J-D
2%s—.——-—.--1948-1951
Treasury
114.1
*102.7
__
>
V J-D
Chile
High
104.29
100.30 100.30
J-D
Low
Week
*107.21 107.23
.
..
A'O
Treasury
NO.
High
113.6
A'O
BONDS ,
Stock Exchange
New York
January 1
*104.30 105
__
:,.£
■
Range Since
Sold
*113.16 113.18
...
3-D
Treasury
f
Bonds
Sale Price Bid & Asked
Period
Government
S.
Last
Interest
,
Week Ended June 25
U.
defaulted bonds.
interest"—except for Income and
"and
are
12%
12
66
72
52%
66
12
12
10'%
13%
,*
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4189
157
2425
NEW YORK BOND RECORD
'»i
BONDS
Stork Exchange
York
New
fXX
{
Sold*
or
1st
1st
Southern
Gt
4s series
cons
1st mtge
Alabama
loi'/a
20
109% 109%
1
A-O
3 'As
3s
1949
Telegraph Co.—
—1961
1966
10
93%
100%
,
,99
.
87.
79%
29
53%
84%
62
69%
69%
19
109% 109%
19
8978
104 %
31
105% 106%
52
104
J-J
102
5s
4s
"
110
78%
103%
105%
109%
109% 109%
42
i07'A
109%
109% 109%
19
107%
109%
114%
113% 114%
104
103% 104
A-O
107
100%
104
98%
197
'.
.
104%
71%
70%
73
14
51% <74
69%
*
Q-J
70%
62
61
71
Atl & Charl A L
1944
30-year 5s series B—
Coast 1st cons 4s
July 1952
General unified 4Vis A———1964
Atlantic
coll gold 4s
N
Atlantic & Danville Ry 1st
17%
15%
17%
167
J-D
52%
51%
53
J-J
.5'..
J-J
.1987
•'
.1987
J-J
—
48—
Prod
5 Vis
R & A Div
111'A
,;2
96%
no A
:
'
■
-
•
.
-
4
1037/8
J-J
111
X
99%
M-S
...
111
i
•7
112%
110
'
:
102'A
104%
87%
93
63
91%
81
71%
112
85
108
74%
133%
32%
1.1948
J-J
1959
J-J
41%
1
;
1
38
38
——
100%
•
103% 103%
M-S
11
106
106
—
92
92%
21
65%
'
94%
67%
104
76
inc
83
95%
71%
/
927/8
55%
•:
5
71%
71%
99%
99%
31
92%
100 V4
14
130%
133%
133% 133%
2
J-J
102%
106%
102
107%
1187/8
121
115%
II
*120
J-J
*118
26%
A-O
100 Yt
J-J
25%
115%
26%
622
15%
31%
99% 100%
102
92%
100%
*__
—
J-J
101%
99%
101% 102 %
101
: 93 %
967/a
102%
5
97%
101%
M-S
96%
96%
97
81 %
81%
82%
F-A
91
89%
91
114
J-J
"
43
43%
216
32
45
1
118
123
91
81*
83
1997
(conv)
29 %
,104
40
103%
106
.
—1982
J-J
J-J
M-N
41
123
M-N
.
ARefunding gold 5s series B____1947
123
75%
J-J
•
75
43
J-J
=
84%'
73%
92%
•
41%
—
1
75%
-'i' j!%*i49v
66
76
31
38%
457/s
49
-146 m A? a 46'.
30
43
''
6
31%
51%
46%
27
31%
50
.11/
29%
47%
i2%:aeii2
12%
22
6%
J-J
12%V,t9U2%
13%,
11
6%
J-J
5s series A
gen
977/e
65
•
,
J-J
&
99
52
/101
F-A
.1977
-1947
1966
A 1st & gen 6s series B
May 1966
Chicago Ind & Sou 50-year 4s
1956
/
71%
90
71%
22
A 1st
/
111
71%
106% 106%
ARefunding 4s series C
457/s
40%
94%
36
34
108%
106% 107%
Chicago Gt West 1st 4s series A—1988
AGen inc mtge 4%s
2038
IA Chic Ind & Louisville ref 6s A—1947
88
21
''84
mtge
■;
73
90%
70%
41%
16%
I 20
J-J
v
103%;
....A3.
1037/8 1037/8
r-
F-A
—1971
Chicago St Erie 1st gold 5s
91
J-D
AGen
110ft
1U97/8
71%
M-S
36
,
34%
M-N
1958
j
A
32
'
109% 109%
82
M-S
1949
Chicago & Eastern 111 RR—
114%'
32
X—
102%
110ft 110%
31%
(
■
—1949
-
series
5s
38%
■\
1949
Division 4s——
ref
16%
67%
v
——1989
1st & ref 4%s series B
&
156
«•
102% 102%
J-J
110'A
1st
■■
*109
J-D
106
1097/a
105
34%
57
,
M-N
gold 4s_—1989
cons
/4s registered
General 4s
105%
16
1141/8 114%
J-J
95'A
21
110%
Illinois
105%"
33
F-A
118%
73
*
84%
40%,
34%.,
*
18%
A-O
.1960
Chicago Burlington & Quincy RR—
Illinois division 3Vis
1949
3%s registered——
——1949
*102
M-S
1st
2d consol gold 4s__
111%
71
138
32
.1954
t^Chicago & Alton RR ref 3s_
1107/8
84%
94%
107 %
37%
36%
*—
.1948
19%
20/
83%
F-A
1067/8
36
53
,
34%
gold 4s. .1949
102
35
*111%
109%
—1946
8
36%
l:
A-O
A
19%
6%
::
.v.
.1962
1st ref gtd
;;/
84%
.1987
3%s
Potts Creek Br 1st 4s
1:
*35
—
'■
>
■
103%
110
84%
1953
A-O
103%
109% 1097/s
•MMir
:
M-N
deb 3s
Atlantic Refining
50
6%
102
105% 106
106
J-D
J-J
mortgage
23%
77
37
105% 105%
—
—:Oct 1952
4s
—1948
4s
Atl Gulf & W I SS coll tr 5s
Second
—
M-N
1960
1st 4Vis A_
141
17%
35
'
117% 118%
118 «/4
:
J-D
1946
1944
42%
15%
1057/a 106%
106'/4
J-J
J-D
4s—__—1958
40%
17%
x~
106
—
Nov
1st gold 5s
41%
A-O
106%
*1017/8
M-S
F-A
A-o
1st & ref 4 Vis A—*—11962
Cal-Ariz
897/a
M-N
Chesapeake St Ohio Ry—
V .'/■
General gold 4ViS————1992
Ref & impt mtge 3%s D
1996
Ref & impt M 3Vis series E——1996
115
67
? 24
-
103% 104 %
■
■
Jan
1955
Trans-Con Short L 1st
Atl Knox & Nor
55
68%
109%
J-D
——1995
1995
1955
gold 4s of 1910-
30%
157
.1987
Certain-teed
A-O
1995
,
2
897%
—
Topeka & Santa Fe—
1905-
50
8 A Central RR & Bank'g of Ga 5s_. .1942
Stamped
A
106 '/a
104
■■'■r
Through Short L 1st gtd 4s
Guaranteed gold 5s_
,91
102%
80
A-O
Pacific
105%
98
.1959
registered—
Central
19
50
...
J-J
Power
60 Va
102%
89
.1968
Y
106%
48
,45
.1959
.
registered
Central N
101
11
104% 105%-101% 101%
.T*"*
.1961
AGeneral
5
59
110
F-A
3%s
gtd 4s_
1st
102%
107%
J-D
of N J gen gold 5s
iACentral
106
•
107
209
88'A
88%
104
M-N
Wks & Elec 6s series A—1975
Conv 4s of
,1
,•,///'"/ :/.;■;/< '■/ V
Central Illinois Light
95%
60%
78%
■
M-S
{
103%
70
105% 106
M-S
90%
23
F-A
M-S
General 4s
&
947/s
High
62
5
.1945
;—
5s series C
gen
29
1945
Nov
AChatt Div pur money gold 4s_. .1951
A Mobile Div 1st
.1946
gold 5s
104
*65
101%
58
/
Low
.1948
gold 4s
5%s series B
gen
J-D
67
84'A
r
.1947
62
94%
79
Adjustment gold 4s
Stamped 4s
Conv gold 4s of 1909
&
1st
P
'
■
103% 103%
59
105
January I
No.
108%
J-J
Range Since
Sold
102%
108
F-A
70
13
99
A-O
M-N
Atchison
L
A Ref
U
100
M-N
ARef &
833/
A-O
1950
——1950:
Nitrate deb——1967
Ann Arbor 1st gold 4s
1995
Ark & Memphis Ry Bdge & Term 5s 1964
Armour & Co (Del) 4s B
-1955
1st sink fund 4s series C (Del)-1957
1st
104%
109 %
94
84
A Anglo-Chilean
Conv
101%
108
46
94'A
1956
3s————-1962
deb
Tobacco Co
Wat
Am
A Cent
102 A
A-O
Corp conv 5 Vis
debentures.
conv
Amer
Bonds
High
102%
.1981
^Central of Georgia Ry—
A 1st mtge 5s
§ A Consol gold 5s
,
"l
100'/2
99
J-D
debentures
...
debentures.——.—.—
3'As
A-O
102
—....
American Telephone &
Friday's
108%
'
106
102*
Branch
V
.1962
gtd gold 4s
62
67
100 %
100'/2
102 ft
-
,
income
Internat
A-O
F- A
Alleghany & West 1st gtd 4s
—1998
Allied Stores Corp 4Vis debs—
1951
Allis-Chalmers Mfg conv 4s
1952
Am & Foreign Pow deb 5s
2030
Amer I G Chem conv 5Vis—
1949
Am
102%
J-J
•A-M-S^';
.1950
Corp 5s w w
Corp 3Vis debs.j—
Celotex Corp deb 4Vis w w
104%
„
67
——-1944
modified---
A 5s
Gen
Celanese
JACent New Eng
modified
5s
Cart & Adir 1st
,
modified^.
5s
•
*65%
A-O
-1949
5s
or
Sale Price Bid & Asked
.1965
4s
103'A
103%
_„1946
Ohio
&
102
J-J
1948
Carriers &
105
M-N
;—1948
71%
102
—
1972
i
registered
*102
1967
Albany & Susquehanna RE 3 Vis—1946
3Vis
J-D
104 Vi 104 Vi
3%s
Clinch
767/8
102
102% 102%
AT-S
*—
Alleghany Corp—
Last
Period
•
Low
70%
76%
767A
76 Va
J-D
J-D
1946
warrants assented
with
Week's Range
Friday
Interest
Fxcbonge
June 25
High
48%
J-D
F-A
Albany Perfor Wrap Pap 6s
6s
1953
1953
1948
1947
.iw—1943
mtge
Stock
Ended
t§ACarolina Central 1st gtd 4s—_; .1949
J-D
B—
1st
Low
Carolina
3 Vis ser A
Power
No.
High
A 5s—1943
cons
York
Week
January 1
Companies
and Industrial
tAbitibi Power & Paper—
SA5s series A unstamped.™
A Stamped
Adams Express coll tr gold 4s
Coll trust 4s of 1907-1
10-year deb 4%s stampedAla
New
Range Since
*
Low
Railroad
BONDS
Bonds
Sale Price Bid & Asked
Period
June 25
Week Ended
Friday's
Last
Interest
■■'■■mil'
Week's Range
Friday
90
89%
90
19
66%
90
"159
43%
67%
LJ'
-
'i'
43%
45
v-
.
-
i
15 %
15%
tChicago Milwaukee & St Paul—
May 11989
J-J
64%
61
64%
AGen
gold 3Vis series B__May 1 1989
J-J
62%
60
62%
AGen
4%s series C
May 11989
J-J
'06%
64
661/2
AGen
4%s
series
E
—May 1 1989
J-J
66
64%
66%
AGen
4%s
series
F
May 11989
J-J
66%
AGen
B
1st
RR—
& Ohio
Baltimore
July 1948
gold 4s——
mtge
Stamped modified bonds—
1st mtge gold
(int at 4% to
Oct 1 1946) due—
July 1948
170
73
72
72%
A-O
59'A
Ref & gen ser A
Ref & gen ser C
to
1946)
1
Dec
60%
1995
J-D
43%
40%
43%
211
32%
52%
1995
J-D
48%
46%
48%
146
35%
57
40%
43%'
128
32%
52%
(int at 1% to
due
—2000
(int at 1% to
Sep 1 1946) due—
—11996
A Conv due
—-i?_Feb 11960
Sep 1 1946)
*
4s
43%
M-S
—-
Pgh L E & W Va System—
Ref gold 4s extended to_—1951
at 3Vi%
—1950
Cin Div ref 4s A
1959
S'west Div 1st M (int
to Jan 1 1947) due
1987
—1987
M-S
43%
40%
30%
..1987
registered——
M-N
M-N
M-N
M-N
M-N
M-N
AStpd 4s n p Fed Inc tax
1987
4%s stpd Fed inc tax——1987
73
33%
62%
65%
M-N
327/s
52%
AGen
24'A
37%
A4%s stamped
§ASecured 6%s
-
111
65%
51%
387/a
11%
12%
70
A 1st
A
J-J
57%
57%
58%
81
40'A
62
J-J
58
57%
58
42
46
61'A
A
5s
1987
1987
stpd Fed inc tax
...—1936
64
44%
69%
122
V-
40%
148
45
69'/2
;156
45%
69%
1,432
1,030
18%
41%
4%
14%
gold 5s
May 1 2037
1st & ref 4Vis stpd—May 1 2037
1st & ref 4 Vis C
May 1 2037
•
-1949
AConv 4%s series A—-
55%
55
57%
57%
31
■
32%
57';
5
30%
56%
115
33%
58%
55
55%
55%
56%
8
57%
56%
57%
27
33%
58%
62
60%
62
32
34
62
32
57
62%
597/8
627/8
159
337/8
62%
58%
58%
58%
10
35%
59%
75
72%
75
91
39%
75
Railways lsli 5s stpd
25% part paid
1927
t A Chic R I & Pac Ry gen 4s—
1988
ACertificates of deposit
—
J-D
J-D
44%
42%
44%
130
23%
44%
45%
43%
45%
128
22y8
45%
J-D
M-N
ref
&
54%
M-N
4s
355
43%
33%
■36%
12%
4
M-N
M-N
1987
registered—
AGen
F-A
38%
A-O
AGeneral
Ref & gen ser F
Toledo
adjustment 5s—Jan 12000
3Vis
Ref & gen ser D
F-A
tChicago & North Western Ry—
AGeneral gold 3Vis
(int at 1'/«%
due
'/V64/;V 66%
51
V.r;
77%
(int at 1% to
due—
1946)
1
Dec
128
76%
75
1975
Mtge gold 5s series A
AConv
v
76
A
tChic Milw St Paul & Pac RR—
75%
A
A-O
series
4s
43%
45%
67
23
45%
11%
10%
117/a
905
I': 4
*53%
57%
13%
ISAChicago
Aroostook RR—
Bangor &
—1951
ref 4s
Con
stamped———
1951
Battle Creek & Sturgis 1st gtd 3s__1989
Beech Creek extl 1st gold 3Vis
1951
Bell Telep of Pa 5s series B——1948
1st & ref 5s series C-—.—.—I960
Beneficial Indus Loan 2'As——-—1950
23As debentures—
——1956
Beth Steel 3 Vis conv debs„——1952
Consol mtge 3'As series F———1959
Consol mtge 3s series G.
1960
Consol mtge 3'As series H
1965
4s
69
69%
69
69%
69
J-J
J-J
69
J-D
*45%
A-O
-96%
13
9
—
—
—
59%
75
130%
A-O
75
45'A
45%
82%
96%
96%
1
25
102%
15
128%
131
99'A
100
*99% 100
J-D
A-O
»
J-J
F-A
-
100
103%
105'A
103%
105%
*
102%
•I 26
1007/8
82
102%
105%
•
Union
M 5s
1st
1944
;
1967
1955
1961
.——1960
—July 1970
XABoston St N Y Air L 1st 4s—-1955 •
Bklyh Edison cons M 3'As
1966
Bklyn Union El 1st gold 5s—
1950
Bklyn Union Gas 1st cons gold 5s_1945 •
1st lien & ref os series A—
1947
Debenture gold 5s——
-1950
1st lien & ref 5s series B—
1957
Buffalo Gen Elec 4Vis B—
1981
Buffalo Niag Elec 3Vis series C—1967
Buffalo Rochester & Pgh Ry*—
modified
(interest at
3% to 1946) due
-1957
JBurlington Cedar Rap & Nor—
(A 1st & coll 5s_————
1934
^Certificates of deposit—-—Bush Terminal 1st 4s
——1952
Bush Term
28
80
85%
52
73%
78
it
92%
54%
57%
233
39%
57%.
36%
36%
18
237/8
41%
M-N
V
110'/4 110%
7
F-A
M-N
-••••"
••
wX
'■
-
108%. Ill
104% 104%
13
103'/a
104'A
F-A
83%
M-S
14
& Elec
Gas
mtge 3 Vis
;
.1966
1;
'
...
44%
•
A-O
J-J
/
44
15
.-
..
,
1st
18%
19'A
XL"
w—
'
*86
v
99
103'A
General
Ref & impt 4Vis series E
—
71%
87%
'•
35'A
50%
23%
Cleveland
22'A
86
-
Cleveland Elec Ilium 3s
11%
11
-
88%
Series
D
73
88
Gen
1
77
<
s
109
A-O
A-O
Canadian
92%
109
4
92%,
15
ref 4Vis series B—
Line
1st
f 4%s.series C
12
115%
107 Vi 107%
V: 8
107%
109
Columbia
A-O
115'A 115'A
/
3
113%
115%
Called
11
1970
F-A
115'/a
115% 115 VA
1955
J-D
116% 116%
Guaranteed
1956
F-A
114%
114% 1147/a
Guaranteed
gold
4%s
1951
M-S
1946
J-J
—
Canadian Northern Ry deb 6 Vis
Coll
4%
trust, 4 Vis—
1946
;
1944
1954
J-D
;
——
Collateral
For
trust
footnotes
4 Vis
1960
J-J
see
page
Debenture
116%
1147/8
Columbus
& H V
110%
111%
Columbus
St S«n
112
113%
Columbus
&
1
J-J
103'A
98%
84'A
19
71 %
84'A
21
100%
102 %
27
103%
103'A 103 7/s
29
95%
19
91
98%
98%
105
104%
99%
A
110%
110%
111 %
59
~3
108%
110%
:* 112 %
4
1097/a
112%
85%
*90
*
s
57 %
95
56%
57%
71
85%
194
55%
J-J
M-N
F-A
F-A
*106
58%
65
15
61
46
6
82
*106
J-J
/ 89%
90
46%
81
108% 108%
•
56
106%
108%
105
108
108
108
105
deb
5s
.
105%
96%,
96
96%
60
71
96%
90
90%
16
75%
93%
80
80
80%
54
64%
86%
72%
72%
45
M-N
—
*90
46
78
104
40%
46%
40%
80
46%
29
1017/a 102%
75
1
1970
M-S
extl 4s
1955
46%
25%
92%
46%
103 '/8
lOlgJ
102'/4
93
100
99% 100%
*109%
A-O
Ohio El 3%s.
93%
24%
978
102%
A-O
J-J
extl gold 4s__1948
F-A
1st
59%
103%
—
937/8
10131 10131
46%
102
—
-
71%
*103%
A-O
M-N
1961
1st
__
90%fc
J-D
j
Apr 15 1952
Tol
~
A-O
;V;
———
5s
—.
-
A-O
A-O
A-Ql
1980
Debenture 5s
12
/
115%
113%
111'A
101% 101%
83
E
113'A
103% 103 %
101%
—
equipment trust ctfs.
Coll trust gold 5s
5s
112% 112%
84'A
M-S
&
bonds
2
111'A 111%
J-J;
deb stk perpetual
G
11
;
108%
55%
May 1952
115% 115%
J-J
43As_
4%s
49%
9
*79%
1945
J- J
111%
28%
J-J
1977
-
1957
gold
gold
Pac Ry
»
38
62
M-N
109'A
95
57
.1990
—.1973
—
:July 1969
Oct 1969
Guaranteed gold 5s
Can
79
78
50%
*—
J-J
-1961
JL972
gtd 4Vis
1A Colo & South 4 Vis series A
ACertificates of deposit
National gold 4%s___
Guaranteed gold 5s.
Guaranteed gold 5s
Guaranteed
108%
103
112
.1981
General 4%s series A
86
97
,-■41/;
110-110%
112%
.1948
3%s gtd
58
&
56
99
'111%
.1977
C
81
8
-
46
.1950
Series
-I—
73
•45%
.1970
Pittsburgh RR—
3Vis gtd
1st
.1966
102%
&
Coal River Ry 1st gtd 4s
Power 4s_
103%
65
.1991
coll tr gold 4s
1st
Cleve Short
Southern cons gtd 5s A_—1962
/
947/8
49
53%
110% 110%
J-D
J-D
.1977
5s series B
111
Colo Fuel & Iron 5s Inc mtge—..1970
Canada
102% 103
64%
F-A
.1993
gold 4s_—
1151/2
Cleve Union Term gtd 5Vis.
1st 8 f 5s series B gtd—
California-Oregon
#
M-N
.1993
General
110%
.
A-O
59
109% 109%
Chic & St Louis Ry—
77
20%
73
73%
62
■
110%
J-D
1st gtd 3%s D__ .1971
mtge gtd 3%s series E—— .1969
Cleve Cin
65
45
20%
/
70
62%
107%
F-A
.1967
3 Vis.
Cin Union Term
96
St L Div
M-N
53%
49
9
100
50
Cin Wab & M Div 1st 4s—
A-O
3
14
14
-'49
5s———
109
111% 111%
J—
72%
58
21
A-O
'
--
70
,
i
56
103
J-J
A-O
106%
9
96
102% 103 Vs..
M-N
69
! 72
26
-
J-D
75
103%
M-N
Cincinnati
105 %
12
;f 106'A
95
95
J-D
67
101% 102%
.1957
Debenture
1st
106
104%
•
M-N
90
80
102%
t A Choctaw Ok & Gulf cons 5s____ .1952
*100%
XL
13%
70
103
109%
J-J
.1943
deb 5s
Childs Co
r
*
70
J-J
.1962
100%
j
57%
4%
92
*72
72%
.1952
;-/■ 36%
-
36%
218
10
*89%
—
—-_
92
F-A
M-N
20%
11
11
57
.1963
86%
986
91
85%
*100
"'<1
J-J
"
5s—.-i-———1955*
Bldgs 5s gtd—-.1——1960
90
84%
w —
33%
35%
Station—
103
"3
90
■
Stamped
V; Consolidated
1027/a
91%
91%
A-O
M-N
103%
*103
M-S
series II——
gold 4%s series JJ
mtge 4s series RR
AInc mtge 4 Vis ser A
1st
1st
J-D ,i
53
19
31%
J-D
.1963
Big Sandy 1st mtge 4s_
Boston & Maine 1st 5s A C
35
2,847
*44
ACertificates of deposit
Chicago
53%
15
32%
M-S
.
-Dec 1 1960
guaranteed 5s
33'/a
53
29 %
35%
J-D
1951
Memphis Div 1st gold 4s
Income
902
51%
J-D
Chic T H & Southeastern 1st 5s__-I960
102%
104% 105%
104%
«
'
:
98%
5
.
104% 105
102
*
f.A
105'/a
-7
100
105
.
•105
/
1951
I960
Gold;; 3 %s
5
100
A-O
1951
gold 4Vis
Chicago St L & New Orleans 5s.
53%
58
327/8
A-O
M-S
M-N
J-D
§ ASecured 4 Vis series A———1952
AConv
,
"48%
46%
53
—
1934
SARefunding gold 4s_
104'A
130%
130
53%
J-J
'
60
102% 102%
J-J
F-A
110
110
*1127/8
171
>
110
88
110
—
10
•
__
100%
110%
108%
110
112%
112%
Commercial
Mackay Corp—
Income deb w w
Apr 1 1969
Commonwealth
1st
Edison Co—
mtge 3Vis series I
Conv
debs
3%s
May
v
;
84%
84%
25
111% 111%
7
113% 113%
5
81
■
1968
J-D
111%
1958
J-J
113%
2428.
K.„r
54
310%
105
111%
108% 115
■
THE COMMERCIAL &
2426
Interest
Period
Last
Bonds
Sale Price Bid & Asked
Low
Sold
Low
No.
High
New York
Range Since
January 1
tAConsol Ry non-conv deb 4s
debentures.
—
A Debenture
Vi
Refunding 5s
1953
M-N
65%
50%
102%
104%
Cairo Bridge gold 4s
1966
1950
F-A
25
J-D
106
4s__
Consolidation Coal s f
5s
24
105 Va
105%
108
14
106%
109%
J-D
105
105
1051/2
20
103%
105%
40
40 Vi
22
31%
1st
51%
*38
J-J
mtge 3Vis
1st
mtge 3 Vis
1st
mtge 3 Vis
Co 2Vis s f debs—
Crane
Crucible Steel 3 Vis s f
—
debs
1st 5 Vis
§ a Cuba Northern Ry
33
41
J-J
*38
41
32
J-J
102
102
92
Louisville Div & Term gold
Omaha Div 1st gold 3s
51%
51%
103
Joint
receipts
ACuba RR 1st 5s gold
A Deposit
receipts
A7Vis series A extended to
A Deposit
receipts
A6s series B extended to—
A Deposit
receipts
Curtis Publishing Co 3s deb
M-N
110
M-N
1965
-1967
1970
1966
1969
1950
—1955
1942
108%
1st
ref
110%
Ind 111 & Iowa
gold 4s
1950
JAlnd & Louisville 1st gtd 4s
1956
Ind Union Ry 3Vis.series B
1986
Inldnd Steel 1st mtge 3s series F..1961
Inspiration Cons Copper 4s
1952
18
110%
112
1081/4 108%
9
107%
108%
109% 110%
13
108 Vi
110%
A-0
IOD/2 101 Vi
19
101
101%
17
93
96%
Interlake Iron conv deb 4s
32 Vi
45
JAlnter-Great Nor 1st 6s series A.1952
111% 112
111%
J-D
96 Vi
96%
J-D
44
45
6
37 Va
38
24
27
39
A
49%
50
13
38
51
A 1st
5s
40 Vi
41 Vi
6
30
42%
A 1st
36
48%
j-J
41 Vi
—
*46
36
----
J-D
1946
49
36
37
*46
J-D
1946
49
39
—
40%
105%
J-J
41
223
56%
103%
101 ¥2
80
47%
60
J-D
53%
52 %
54
86
J-J
96
96
97
3
40
40
J-J
M-3
A-O
-1955
series A_
6s
lien &
.—1972
—1947
gold 4Vis—1952
6Vis
ref
5s
104% 105
A-O
101% 101%
A-O
63
66
67
KansassCity Southern Ry 1st 3s
Kansas
98
Kentucky Central gold 4s—i
Kentucky & Ind Term 4 Vis
*97
M-S
14
89
102
&
110%
112%
1
110%
111%
Stamped
106% 106%
106%
15
111% 111%
J-D
49
104%
106%
48
J-D
*25
*97%
M-N
F-A
92
*102%
48
40
5
341/2
102
79%
191
63%
80%
F-A
81%
79%
81%
303
66%
85%
M-S
4%
4%
4%
26
1%
6
J-D
62
J-J
94%
59%
62
38
46%
64
94%
94%
13
94
96%
86
94%
77%
78%
68
61%
82%
76%
,
77%
12
61
81
51
1950
A-O
*95%
78%
71%
72%
16
73%
74%
52
69¥4
78%
107% 108%
57
1053/4
110%
111%
114%
72%
J-J
1987
1961
1961
J-J
*114
J-J
60
61
J-J
89%
89%
1961
1st 4s
J-J
*93%
—
——
73%
108
J-J
fcOO
1961
J-J
1997
1954
1954
4%sj unguaranteed
A-0
62%
2
46
10
85
75
61
"
93%
90
83
*171% 174
92%
93%
83
26
34
Kings County El L & P 6s—,
98%
Kings Go Lighting
IO2V2 IO2V2
6
102 Va
103%
;;
4
106%
108%
1961
M-S
1950
1959
M-S
extd 5s
1945
A-O
5%s series C
1953
F-A
97
96%
9734
88
85 Va
98 Vi
1960
F-A
97
97
97%
25
85
98%
29
J-J
110
110%
J-J
*107'A
98i/2
29
110%
1st 5s
1st 3c, ref 6Vis—
109%
111
Koppers Co 1st mtge 3%s_
Kresge1 Foundation 3% notes.
JAKreuger & Toll 5s ctfs
Laclede
21
1
63
33%
Gas Light
109 ¥4
Coll
148
151%
Coll & ref 5%s
8
100¥2
101 %
15
102 ¥4
106 Vi
__
—
5s extended at
Lake Sh
80 Vi
99
99
3%s. registered——
Lautarb Nitrate Co Ltd—
99
92%"
*107
—
—
101 Vi 101 ¥2
--
98%
55
6P/4
106 ¥2
-
99
5
106 ¥2
101 ¥2
103%
J-J
J-D
103% 103 Vi
*—
— —
35
M-S
22
99
*101
——
33%
-
Cons
139
35%
34
34
1
11
11
49
1st
sink fund 4 Vis series. C
1st
*
J-D
M-N
103 % 103 ¥4
93
.
—
93 ¥2
stamped—Li
a
& ref sink fund 5s
stamped
4%
15
Leh Val Harbor Term gtd 5s
14%
Lehigh. Valley N
J-J
101 ¥2
27 Vi
94
101% 101 ¥4
55
98
101%
28 Vi
37
19
34:%
27
48%
J-J
107
108
J-D
M-S
J-D
48 ¥4
2
/
108
*97%
——
30
19
105 ¥2
1
99 ¥2
101 ¥8 101¥8
—
97
__
55%
108
101%
97
—
111% 111%
3
109
111%
111%
111¥4 111¥2
16
102¥a
lll7/a
105 ¥2 107
22
92%
107 ¥2
47
83 ¥4
99 ¥4
80
83¥4
98 ¥4
105 ¥2
J-J
—
*
J-J
'
98
97
J-J
103 7/a
J-J
102 %
J-J
89%
99
98"
103¥a 104
54
99 ¥a
32
13
10232
102% 103 Va
86
10232 102
•
Feb
89
*57%
Feb
12%
91
68 ¥2
—
—
99
104
103 ¥4
75%
903/4
65
697/a
*
J-v/
3
35
91%
IO73/4
44
87%
*68
94%
87
69 3/4
94 5/a
68 Vi
56
54
69%
104
104
A-0
M-N
14%
94
97
104
33
*111
89%
Dec
70
72
44
52
73
91
92
28
78
92%
91
91 ¥4
5
75
92%
94%
97%
87
94%
Y 4%s ext—1—1950
2003
2003
2003
2003
4s
registered
stamped modified—
4 Vis registered—
5s stamped modified
92
J-J
J-J
A-0
96%
96%
94
*93
M-S
102 Va
110
_
86'/a
*68
F-A
97
104
111%
74 ¥2
74 Vi
1999
1937
1954
M-N
1962
J-D
J-J
87%
85
3
87%
#
56
55%
M-N
56%
F-A
59
Feb 1957
A-O
29%
vi';:,
:/
80
12
103
156
118% 118 Vi
1st 5s A—1957
127
38
104% 105
89%
86
93
2
73
67%
74%
71
73
68
68%
66 ¥2
71
F-A
56%
56
563/4
27
44
66
J-J
71%
70%
71%
88
52%
75%
36%
313
29%
42%
8
M-N
36%
35
33%
34%
26
28%
M-N
39%
39
40
78
323/a
45
37%
37%
8
3P/4
413/4
44
45
51
35%
45
M-N
1951
A-0
1965
A-O
Libby McNeil & Libby 4s—J——-1955
Liggett
Myers Tobacco 7s_
1944
5s debenture
1951
A-0
Little Miami
M-N
*106
A-O
*103"%
Leh Val Term Ry ext 5s—i
1st 50-yr 5s gtd
Lex & East
71%
F-A
.
130
88
120
106 Vi
12
7
107%
109 ¥4
1
121%
122 V2
106
106
103 ¥a
104 ¥2
—
105%
107 V4
99%
102 Vi
42
98%
104
25
98 ¥a
1033%
107 ¥a
110
121% 121%
1
1203/4
122
91%
82
78 ¥2
94%
1093/4
1107/8
103%
104 Va
103%
107%
M-S
M-S
104
103
M-S
103%
102% 103%
,
104
*107% 108
90%
91
J-J
Gas & Elec 3%s_i
1966
M-S
*110%
Lou & Jeff Bridge Co gtd 4s
1945
M-S
*103%
Louisville
50
75
55%
115
122% 122%
106
122%
A-0
i
1st 5s series A...1969
1
40
107 % 107%
F-A
1951
debenture
5s
Louisiana & Ark
71%
122
*120
106
J-J
-1962
1950
Long island unified 4s__
1949
Guaranteed ref gold 4s—
1949
4s
stamped_i
.——1949
Lorillard (P) Co deb 7s
i
-1944
4s series A__
gen
Long Dock Co 3%s ext to
—
—
—
Louisville & Nashville RR—
1st
2003
>1-0
107%
107% 107%
—2003
A-O
103
102 % 103
2003
A-O
96
Vi
95%
96%
2003
A-O
92
;
90%
92
5s series B—j.
& ref
1st
&
ref 4Vis series C
1st
:
&
ref 4s series D_.
Unif mtge 3Vis series A ext—1950
Called
bonds
104% 104%
J-J
94%
141
88 ¥2
19
11
__
1960
J-J
108% 108%
1946
F-A
104% 104%
1980
M-S
-1945
M-S
South
20
104
__
Unif mtge 4s series B
Mob & Montg
M-N
Oil 4Vis debs
100
88%
713/a
75
__
St Louis Div 2d gold 3s—
H
Hocking Valley Ry 1st 4Vis
t§AHousatonic Ry cons gold 5s
..
5
75
if
F-A
86%
Paducah & Mem Div 4s
129 Vi 129 Vi
10
—
100
F-A
2003
r—
1st & ref 3%s series E
*97 '
J-J
93%
80
1964
—1974
1974
1954
Lehigh Valley RR—
4s stamped modified
1053/4
9
67 ¥2
94%
J-J
12%
106 3/4 107 ¥4
104¥a 105 ¥4
——
•
A-0
A-O
893/4
101%
83%
—
102 %
80%
J-D
J-J
99%
18
87 %
1954
102 Vi
-
5
4
92%
91%
1944
4%
11%
101
91
1964
5s-
38%
101
*85
1st & ref sink fund 5s
41
20
101
J-D
;—.—1954
5s
11
M-N
4
98%
*99% 101
103
1%
*3%
J-J
Sf ref sink fund 5s
stamped
.-I L
5s
98%
193/4
M-S
108%
108 %
100%
103
J-D
Lehigh & New Eng RR 4s A__
1965
Lehigh: & N Y 1st gtd gold 4s—1945
85
76 ¥2
103
1975
1954
1954
mtge income reg
Lehigh Coal & Nav s f 4%s A
103%
83
96
107
105%
*106% 107
1997
..
Lehigh-Valley Coal Co—
; *■ 5s • stamped
M-N
108% 108 Vi
J-J
172
1067/a
1997
gold 3%s
81 ¥2
65
99
170%
105
106% 106%
1947
to
64
2
94
—
3%
& Mich Sou
5
7934
1
J-J
Lake Erie & Western RR—
79 ¥a
154
M-S
series D
79%
—
99
M-N
ref
&
'79
ji
—
103
1
106 % 106 ¥4
M-S
—
108
11
101V2 101 Vi
101%
J-D
107
109 %
1515/8 151 %
109
109%
59 ¥2
—1949
98
95%
76%
107% 107%
1021/2
M-S
A-0
—
gold 5s
105%
85%
J-*
1st
70
102%
104% 107%
12
98 Vi
M-N
1977
1946
Gas
38%
14
24
Apr 1950
I960
5s
Plain
J-D
.
impt
City Term
111% 111%
111%
General 4Vis series E
Manhattan
18%
106%
A-0
17%
M-S
.1974
income 5s
102
48
106
*§AK C Ft S & M Ry ref gold 4s_1936
ACertificates of deposit——
38 ¥a
98
&
104
K
18%
98 ¥4
Co
24%
104% 105%
A-O
166
J-J
AAdj
102%
106
1st gtd gold 4s__1990
16%
1976
Hudson
101% 102%
1
104%
Kanawha & Mich
33
General 4Vis series D
Hudson
3
158
102% 102%
M-S
45%
98%
series A
42
79
1961
Laughlin Steel 3%s_
&
16%
deposit
f 5s
108%
105%
J-J
45%
<
s
24%
108%
104¥a
J-J
-1959
& Clear 1st 4s
James Frankl
Jones
4Vis
Coal 1st
11
1955
29%
1956
Hudson
56 ¥1
98%
1951
:
33
1956
Houston
43%
82
31
*108% 110
105
A-0
41
58 3/a
1952
1961
1969
62%
121
108%
97¥4
1950
1950
1975
2015
10
57
22%
59%
B
80
46
12%,
*10%
ctfs
95
79
55%
21%
98 34
series C__
:
Gulf Mobile & Ohio 4s series B
AGen mtge inc 5s series A
Gulf & Ship Island RR—
1st & ref Term M 5s stpd
Gulf States Steel s f 4Vis
Gulf States Util 3 Vis series D
64
56%
103%
J-J
1st mtge 5s
48%
J-D
118
JFonda Johns & Glover RR—
A Debentures
5
"79
F-A
556
J-J
Gulf Mob & Nor 1st 5Vis B
J-J
40%
.1995
„
62%
23%
/A 1st
West deb ctfs A
62%
62%
46
12%
J-J
mtge 3%s series I
J-J
75%
44%
33/4
A-0
1959
Gen
58 %
42%
Ref
.1943
AGreen Bay &
47%
44 %
3%
-1962
1946
1967
2
J-J
75
A-0
:
57
107
F
—'
59
56%
J-J
46
94
A-O
mtge 4s series H
42
23 ¥s
10%
J-J
1961
Called bonds
58
16
115
10 Va
1971
Gen
63%
39
44 %
9%
.1965
General mtge 4s series G
44
75%
56%
76%
56%
42%
9%
1947
/
76%
76%
74%
55%
J-J
44%
B
10%
.-J
1949
Gen Steel Castings 5 Vis—_
1949
t A Georgia & Ala Ry 5s
Oct 11945
t§AGa Caro & Nor 1st ext 6s
1934
Goodrich (B F) 1st 4Vis
1956
Gotham Hosiery deb 5s w w
1946
Grays Point Term 1st gtd 5s—
1947
Great Northern 4Vis series A_.
1961
General 5Vis series B
1952
General 5s series C
1973
J-J
F-A
J-J
series
10
M ,7
& Elec of Berg Co cons 5s
91 ¥4
1956
1st
73%
10
.2015
das
54%
85
107%
55
36%
AO
1982
42%
6%
A-0
1970
of
223
93
130
F-A
..1965
Certificates
51%
17%
F-A
1950
A
67%
49%
"92%
16%
Int Rys Cent Amer 1st 5s B
108 5/8
36
40%
1948
& ref 5s series A
56%
—.
—
70%
*1043/8 106
J-J
..1995
a 1st
28
17%
100%
103% 103 s/a
103%
J-J
1978
—
65%
A-O
Adjustment 6s series A—-July 1952
Ref sink fund
39%
96 Vi
103% 103 %
J-J
.-1958
stamped
,693/4
J-J
Dodge 4s ctfs
1935
tADes Plains Val 1st gtd 4Vis
1947
Detroit Edison 4s series F
—:1965
Gen & rei mtge 3 Vis series G—1966
Gen & ref 3s series H——
1970
Detroit & Mackinac 1st lien gold 4s 1995
A Second gold 4s„
---■
—1995
Detroit Term & Tunnel 4Vis——1961
Dow Chemical deb 2 Vis
—-1950
Dul Miss & Iron Range Ry 3Vis—.1962
1§ ADul Sou Shore & Atl gold 5s_—1937
Duquesne Light 1st M 3Vis
1965
Empire Gas & ^Fuel 3 Vis¬
ible Railroad Co—
1st cons M 4s series B.
*10 m
—
70%
M-N
lADes M & Ft
5s
High
1
t
J-D
Ry 3 Vis series B—1465
Hudson 1st & ref 4s—1943
Delaware Power & Light 1st 4Vis__1971
1st & ref 4 Vis
1969
1st mortgage 4¥2s_.
1969
J§ ADen & R G 1st cons gold 4s—1936
§AConsol gold 4Vis
1936
JADenv & R G W gen 5s
Aug 1955
A Assented
(subject to plan)——
Dayton Union
Delaware &
series B——
59
1956
Internat Hydro El deb 6s
-1944
Internat. Paper 5s series A & B—1947
D
ARef & impt 5s
January 1
Low
47
Debentures
*970
Range Since
44%
JAiowa Cent Ry 1st & ref 4s
*107% 109
No.
47
Int Telep & Teleg deb
J-J
Sold
J-J
48
26%
371/2
99% 100%
100 Va
A-0
27%
42
10
*351/2
----
1955
1947
gold 5s series C
37%
1952
1st mtge 3s
1963
1st
M-N
A Deposit
Dayton P & L
1963
series A
5s
M-N
M -N
Bonds
110
109%
110
*111
High
111 Cent and Chic St L & N O—
1st & ref 4Vis series C
mtge 3Vis
mtge 3Vis
1st
1951.
3%s_1953
1951
St. Louis Div & Term gold 3s
1951
Gold 3Vis.,
1951
Springfield Div 1st gold 3%s
1951
Western Lines 1st gold 4s
1951
106 ¥2
13
108 Vi 109
Consumers Power Co—
1st
•^Litchfield Div 1st gold 3s_
106 %
106% 107 Vi
109
40 Vi
Friday's
Illinois Central RR—(Continued)
108
111
107 Vi
J-J
or
Low
108
A-O
A-O
Week's Range
Last
Sale Price Bid & Asked
High
J-J
1955
1956
1960
4s
A Debenture
■>'.
Period
102% 103 Va
A-O
1954
debentures
3Vis
Interest
40-year 4%s
Consolidated Oil conv deb 3Vis
debentures
3V2s
/
109
.119
109 Vi 109
109 %
F-A
1946
1948
—1956
—1958
1951
3 Vis
Friday
Exchange
// Week Ended June 25
Consolidated Edison of New York—
debentures--
Stock
Monday, June 28, 1943
r
n
*113
J- J
Conn Ry & L 1st & ref 4Vis.
1951
Conn River Power s f 3%s A—.—1961
3 Vis
CHRONICLE
BONDS
Week's Range
or Friday's
Friday
BONDS
New York Stock Exchange
Week Ended June ?5
FINANCIAL
ext—!
1st gold 4%s
*105
99
1952
J-J
1955
M-N
1945
Ry joint monon 4s___
Atl Knox & Cine Div 4s
88%
J-D
98%
89
10
5
7
99
97
92%
102%
105 ¥2
.102 A 102 Va
'106 ¥2
109 ¥a
104
105
78%
89
105
106
*110% 111%
103
85
47
—
105
94
99
110
110%
105%
40% : 62%
1
117%
58
59
Vi
87
46%
61%
28%
29%
162
19%
31
M
118%
Maine Central RR 4s series A
Gen mtge 4
Manati
Vis series A
i960
Sugar 4s sink fund—Feb 11957
AManila Elec RR & Lt
AManila RR
s
843/4
56
54%
56%
12
47%
67 Vi
65 34
68
39
49%
70
45%
45 ¥2
91%
90 a4
1953
4s
M-S
M-N
*25%
92 %
*41
1959
f 5s
(South Lines)
94
20
J-D
M-N
—
50
—
J§AManitowoc Green Bay & North¬
1981
Central
J-J
1951
Illinois
J-J
103 Vi
103
103 %
*98
100
101 Vi
103 ¥2
97 ¥2
100%
1951
J-J
1951
A-0
M-S
—-
*95%
97
*45 ¥4
A-0
62
61
62
1955
M-N
59%
58 Vi
60
54%
56%
59%
59%
60
1952
page
J-J
1953
see
92%
——
65
M-N
77
60 3/a
51%
65
3%s_
1941
s
f
6s
—1947
§AMarket
A-O
*101%
100 ¥4
—
103
100
*108% 103
101%
St Ry
(Stamped mod)
—1945
ext 5s„
McCrory Stores deb 3%__—
McKesson & Robbins 3%S—
Q-A
89%
98%
1955
A-O
*108 ¥4 109%
105%
105%
1956
J-J
*106
106%
108%
98%
96 ¥4
98 %
41
__
47
60
1960
M-S
57%
Metrop Wat Sew & Drain 5%S—_ 1950
A-O
*96
46%
61
jgAMet
F-A
12
Metroo F.d 1st 4%s series D
W Side El
<Chic>
4s
1938
113%
111%
112% 112%
43 ¥2
¥
68%
39
J-J
A-O
Shovel
26
2428.
96%
1st gtd
Steam
Stamped
83
252
|
97
96
60 3/a
*95%
•
1952
footnotes
western
Marion
1951
For
74
RR—
90%
84
12%
15
6%
;
12%
Week's Range
or Friday's
Friday
Last
Interest
Period
Exchange
Week Ended June 25
Stock
York
New
Sale Price Bid & Asked
BONDS
Bonds
New York
Range Since
-Sold
•January 1
Michigan Central—
&
Jack Lans
M-N
J-J
M-S
A-O
1952
1979
Michigan Consol Gas 4s
1963
{§ AMidland of N J 1st ext 5s
_1940
f S AMilw & Northern 1st ext 4Vis—1939
1st
gold 3Vis
impt 4%s series C
Ref &
1947
consol 5s
§ A 1st
§ A 1st stamped 5s gtd as
Alst
53'ft
61
18
2%
7%
6
5
2%
8
—
4s—
AGeneral
29 Vi
726
16
29%
32
16%
Alst
29%
27%
29%
211
15%
8%
4%
6%
5
8
5%
*72 %
deposit
Alst & ref 5s series G__
ACertificates of deposit
51Vi
7%
721/z
98%
57%
55 Vi
57%
46
45 Vi
47
&
Alst
of
138
40%
63
33%
52%
34
35%
102%
105%
83%
73
42
35
46'A
'
1
1
35%
56%
20%
661
11
211/4
54%
564
35%
57 %
54%
29
35%
56
Northern
54%
121
36%
57
55%
19
54%
52 %
54%
51%
51%
53%
9%
11 %
M-N
A-O
11
54%
52%
F-A
54%
51%
56%
'
:■>:
*
5
35%
354
5%
124%
128%
104%
41
103%
105'ft
102% 103%
10
102%
103'ft
9
"•
78
36 %
M-S
*107
ft*
./ft/.'
---
.
60%
85
54%
55
1960
64%
65%
12
55'A
68'A
64%
65%
32
55%
68%
109% 110%
9
109'ft
110%
112'A 112'A
1
111'A
112'A
F-A
110
M-S
99
63
45
M-N
1967
M-S
1972
J-J
3-D
1946
3-D
*100
Vv
111'A
1
113'ft
4s
*110 %
ft-
ft
107'ft
110'A
4
107
110
■'
102%
106%
ftft": — ;
104%
106%
;
15
110
113'ft
1945
M-N
*105% 106'A
U
15
103%
107%
1946
J-D
*1057/a 1063-a
ft.';/;..
50 '/a
141
M-N
50
M-N
45%
50'A
50%
74
44%
45%
178
M-N
*110%
—
3-J
51%
1946
J-J
1961
J-J
109'ft
1962
J-J
103
50%
35'A
31%
*109%
109
5
53
109'ft 110
109 7/a
110'ft
106%
-
107'A
108%
109% 109%
112'/a
105%
110
99 %
6 '
103%
110
111'A
—
—
46
108%
*109% 112%
J-D
1946
37%
--
49%
93%
110'A
8
*103'A 104'A
89
109%
109'A
,
100
106%
27
109% 110
107% 108%
109%
19%
100
-
1087ft 109
108%
12
139
19%
17%
18'A
J-J
M-S
1965
104%
101%
—
48%
J-D
ft;
57
106% 107%
*9 4 %
3-J
Jft
3-J
1944
ext
113'A 113'ft
106%
3-D
81%
65'4
65%
56 Vi
91%
24
104%
113% 113 Va
A-O
1965
Montana. Power 1st & ref 3%s_—.1966
Montreal Tramways 5s ext--—1951
Morris & Essex 1st gtd 3Vis
2000
Qonstr M 5s series A
1955
Constr M 4Vis series B
1955
Mountain States T & T 3V4s1968
Mutual Fuel Gas 1st gtd 5s
1947
62 y8
3-J
1967
———-1964
;
50%
3-J
''
A-0
i
40%
66'ft
165
79'A
78
79
' ;
"
ft 55
50%
87
j
ft
85
42
ft-'-
•
61
59%
89
69
3
242'
52'ft
*51
3-J
1st & ref mtge 3%s
(Wise) 1st mtge 3 Vis
Northwestern Teleg 4Vis
35%
15
62'ft
61'A
69%
72ya
196
89
85
55
3-J
88'A
88%
Q-J
Q-F
Q-A
1966
98%
*104
—
65
50
—
Q-J
1943
62%
'ft
48
«-
—
ft: ft:
—
—
A-0
55%
548
114% 114%
T-
A-0
57
54%
119% 120
113
H4%
*121
Power Co—
States
(Minn)
14
54%
98%
F-A
34
104
127% 128%
128%
M-S
-
38
M-S
49
>;■
,
38
'
36%
M-N
1966
:/
85%
29%
34
7
83'ft
39%
F-A
1974
A.
53%
20
54%
M-N
debentures
6s
20
F-A
1948
Monongahela Ry 3 %s series B
Monongahela W Penn Pub Serv—
1st mtge 4 Vis
1121/a
*29
O- A
„—1974
ref 5s
& ref 4% 8 series
57
51%
54%
t§AMissouri Pacific Ry—
3rd 7s extended at 4%
July 1938
Moh'k & Malone 1st gtd gold 4s__U991
22V4
UO1/2
110-
83%
35%
541/2
19
150
> 31
deposit—
of
ACertificates
110%
8»/a
109
...
15
42
97
48% '49%
30
1981
ref 5s series I—
&
U
105% 105%
F-A
ftft ft, .^/:; e/.y
Northern Pacific prior lien 4s
-1997
4s registered
-1997
Gen lien ry & Id gold 3s
Jan 2047
3s registered
2047
Ref & impt 4Vis series A
2047
Ref & impt 6s series B
2047
Ref & impt 5s series C
2047
Ref & impt 5$ series D———2047
31"
1949
1980
series H
deposit
ref gold 5s
ACertificates
Alst
*110%.
—
A-0
Gen
59%
76
49%
1978 1
gold 5Vis
AConv
109%
99
18%
17%
ft
111% 111%
M-N
{Northern Ohio Ry—
Alst guaranteed gold 5s
1945
Alst mtge gold 5s (stamped can¬
cellation of guarantee)
—1945
ACertificates of deposit-—_——.
100
41%
144
53
53
—
■
3-J
North Central gen &
1%
103
*100
10
641/2
—
M-S
M-8
of
ACertificates
90
29%
32
53%
ref 5s series F
&
m.
191/2
16
85
110% 110%
17%
A-0
mtge 4 Vis series A————1998
inc
2014
t§ANorfolk Southern RR 5s A
1961
Norfolk & Western Ry 1st gold 4s_1996
North Amer Co deb 3Vis
1949
Debenture 3%s
1—1954
29%
F-A
•
—
1st
29%
28 Vi
53%
—1975
—1977
3-J
M-S
AGen mtge 5s conv
27 Vi
A-O
.—-1965
—
87%
45%
10s/a
15
NdrfolK Southern Ry Co—
29%
<
*88%
J -J
1966
1955
1950
1st 5s A
(Md) deb 5 Vis
Niagara Share
27
9%
.
i
{Missouri Pacific RR Co—
Alst & ref 5s series A
A Certificates
of deposit
12%
14
65
7
J-3
-
27%
48
6%
J-3
1967
Niag Lack & Ont Pow
10
3-J
——1978
adjust 5s series A—Jan
ACum
60%
72%
J-D
-1962
40-year 4s series B__.
Prior lien 4 Vis series D
38
29
J-3
-1962
ft 46
53%
Missouri-Kansas-Texas RR—
Prior lien 5s series A
{§AN
Niagara Falls Power 3Vis
12%
High
32
r-lcf 6
F-A
v
Low
NO.
18
—
January 1
40%
14
M-N
Range Since
Sold
High
*39%
V;
F-A
_1967
—1946
Telephone 3Vis series B
Y West & Bost 1st 4Vis
Y
N
63
77%
6
M-8
tAMissouri-Illinois RR 1st 5s_—-1959
1st 4s
1990
108%
49%
65
1
25
6%
3-J
Mo Kansas & Texas
106%
Low
J-3
Bonds
Sale Price Bid & Asked
ftft'ft'• ■■'•/-ft ftftft/ft-ft'H
-v
>kf d'w
52%
3-J
"
4
'/•ft:
56'A
s
3-J
J-J
J-J
_1946
ref 6s series A
&
A25-year 5Vis
1949
Alst & ref 5Vis series B———1978
77
24%
54 Vi
Marie
,1938
—1938
to int—.1938
§Alst cons 4s stamped
'
55%
56
J-J
M-N
M-S
Q-F
{Minn St Paul & Sault Ste
76 V'B
57
57
#
M-S
1941
{ A Minn & St Louis 5s ctfs__
1934
A 1st & ref gold 4s
1949
ARef & ext 50-yr 5s series A—1962
{AMilw Spar & N W 1st gtd 4s
J § AMilw & State Line 1st 3%s
57%
108% 108%
J-D
J-D
——1939
AgConsol ext 4Vis—
15
76 Va
75
75%
101
97
Week's Range
or Friday's
Last
Period
f;
$ 3 AN Y Susq & W 1st ref 6s——1937
§A2d gold 4Vis
1937
1A General gold 5s
1940
ATerminal 1st gold 5s
1943
88
16
100% 101
;ft
High
78 /
91%
*84%
M-S
.1951
Sag 3 Vis
LOW
No.
High
Friday
Interest
Exchange
Stock
Week Ended June 25
'
Low
2427
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4189
Volume
1st mtge 4%s ser A—
Otis Steel
■;
,.102% 103
Oil':
N
Dairy
Nat
Distillers Prod
1954
Ps
1948
{ANew England RR gtd 5s
—1945
A Consol gtd 4s
———,-1945
New England Tel & Tel 5s A__.
1952
& ref
70
103'ft
106%
1st
& ref mtge
103'A 103%
8
101'A
103%
1st
& ref mtge 3s series
104'A
104'A 104%
13
103'ft
106
1st
& ref M 3s
95'£.
97
116%
119
*95
2
116% 116%
83%
83
84
10
70
84
3-J
83
82
83
10
70%
83
117
117
117'A
25
M-N
124% 124'ft
2
F-A
*81
J-D
7
109% 109%
A-0
2
73
95
4
106%
108
14
106%
94
95
80'A
1955
F-A
debentures_1956
Trans deb 6s
_1944
& Passaic G & E cons 5S-1949
M-S
A-O
M-S
gold 3s loan ctfs
f
Pictures 4s
Parmelee
Paterson
64%
series B
1954
A-0
1956
F-A
5s
Alst
*60
of
ACertificates
deposit
56%
of
ACertificates
-
ACertificates1 of
71
73%
70
68%
10
49%
71%
73%
75'A
69
73
A-O
1954
deposit
--
69'ft
7
•47%
71
debentures
4%s
Pennsylvania RR—
Consol gold, 4s
:
4s sterl stpd dollar
impt 5s series C
Ref &
Conv
N
3Vis
registered
gold 3Vis
registered
Mich Cent coll gold 3Vis
3Vis registered
Lake Shore coll
3 Vis
_
62
154
51%
99%
101%
57
55%
57%
320
47%
62
63'A
216
52%
M-N
67
81'ft
79 Va
81%
208
67'A
86
'84 'ft
83%
84%
(57
74'A
87%
79%
79%
2
69%
68
53
70%
50%
66
J-J
F-A
67%
30
64%
*59%
Gen mtge 4
F-A
61'A
58'ft
__
71
59
48%
Ref
1st
47%
61
Pere
to-.
N
Y
Connecting RR 3 Vis A
N
Y
Dock
1st
791/2
J-D
1965
1951
gold 4s
notes
1947
lien
ref 3Vis
&
100',-
*100%
104%
104% 106
Purchase money gold 4s
NY
N
&
Harlem
1949
2000
gold 3 Vis
Y Lack & West
1973
4s series A_
—1973
4Vis series B—
1974
1956
—1956
NYLE&WDk& Impt 5s
1943
45
gold 4%s
General
4 Vis
101
106%
46
65
94%
93%
109% 109%
3
108
110
1
109
110%
93%
93%
116
116
111% 111%
*100%:;
5s
B_
series
series
series C
0—
13
109
111%
105 % 105%
30
103%
105'A
105%
105
105%
21
103
105'A
100 v
42
100
99
*98
96%
10O
95%
99%
108%
110'/a
109
110 'ft
104
105
105
102%
104%
•
109% 109%
1
110%
2
104 % 104%
26
77%
39
103ft 103ft
88%
89
18
100%
105
3
57%
92
110 %
*105
104'/a
77
103ft
91
*89%
67
78
,
116%
107% 107%
2
105% 106 »/8
82
117%
102%
*102% 104
103%
103%
103 % 104
106%
106%
105%
102%
107
102
109
106%
20
109
*108
108'ft
101
104
106%
109%
■
•
109%
108% 109%
34
106%
105% 106%
32
98'ft
106%
110
110
110%
15
108 Va
110%
*110
110%
108
110%
98%
317
88%
98%
121%
121 % 122 %
32
119%
122'ft
108%
107% 108%
89
101%
108%
48
108
115
98%
114%
95%
96%
114
114%
95
95%
190
89%
102% 104 Vs
144
96'/8
104%
61
95%
103%
104
103%
102% 103%
97%
3-J
M-S
1952 •>'
J-D
97
90%
Ul
55 %
56%
22
12%
10
44%
98%
112 V4
58%
5%
14%
106%
106%
73%
106%
89'ft
49
79
89%
79%
49
72%
74
78
57%
76%
19
104%
106%
88%
106% 106%
72%
64%
110
83
100 n
102%
118%
114% 114%
J-D
90
121
1
111
115
4
108%
111%
*100%
*122'ft
3-J
1977
—1981
77
15
*106% 106'ft
M-N
F-A
1943
—1974
98
12
56
3-J
1
1980
97%
111% 111%
110
73
111
112%
>
100
1
79%
56
60/1
101%
ft
I
74V4
55%
38
79%
3-J
:
M-S
J-D
112%
112
«~1949
J-J
M-S
38%
1962
V 3s debentures
.——-----1963
{§ A Philippine Ry 1st s f 4s
1937
M-N
M-S
3-J
79%
101ft
■?
96
71
1st
100
10
104% 105%
_1961
&
ref
1967
-1971
mtge 2%s
{Philadelphia &. Reading Coal—
A ref 5s stamped
117%
—
3-J
104%
Philadelphia Co coll tr 4Vis
Phila Electric 1st & ref 3Vis
115%
7
721/4
73
M-N
,
111% 111%
105%
74%
86
110% 110%
M-N
'
111%
F-A
4s series B
General
4
3-D
F-A
M-N
& Pow gold 5s—1948
112%
Apr
1st series A 5s
Marquette
General
74%
74%
741/2
851/4
A-O
A-O
Union Ry 5Vis
Pekin
102
N Y & Erie—See Erie RR
N Y Gas El Lt H
112%
110%
M-S
1960
ext
gold 4%s series C
Phelps Dodge conv 3 Vis deb—
Phila Bait & Wash 1st gold 4s
94%
641/4
22
A-O
ft-
..1966
series E
77%
250
v
3-J
Apr 1990
99% .101
101% 101 Vi
A-0
1965
1st
A-0
F-A
A-O
79%
74
91%
78%
91
A-0
Y Edison 3Vis series D
Conv 5%
N
A-0
M-S
1947
C
debentures
6s
90
1974
1978
A
series
&
A-O
1952
1st
-1950
series
4Vis
mtge 3Vis extended
A-O
.-1947
Alncome 4s_
Peoria
Chicago & St Louis—
5Vis
Ref
3-D
-1984
Vis series E
3 Vis
& Eastern 4s
Peoria
66'ft
4
62%
,61
deb
Conv
1st
New York
F-A
J-D
1968
Peoples Gas L & C ref 5s
„
F-A
111
12
80%
66%
F-A
3-J
1965
gold 4%s__
General 4%s series D
61
63'A
M-N
M-N
A-O
—1970
1981
1
B
series
F-A
1970
1.1960
Debenture
'
A-0
5s
J-J„.
F-A
-1948
4Vis series A
General
67%
6
1003S 100 n
A-0
1998
1998
1998
& Hud River 3Vis
General
61
62
A-O
1952
1997
1997
1998
secured 3 Vis
Cent
Y
F-A
1946
2013
2013
10-year 3 Vis sec s f
Ref & impt 4Vis series A
*100
J-J
A-O
May 1 1948
mtge 3%s series C
Cons sinking fund 4Vis
Gen
Newport & Cincinnati Bridge Co—
General gtd 4Vis
1945
N Y Central RR 4s series A
1998
J-D
—1981
1969
1974
Light 3%s
Power &
Penna
61 »/4
52%
4s
4 Vis series B
71'A
44%
86
67%
68%
1952
1963
ctfs
Pennsylvania Glass Sand 3%s_—-I960
Pa Ohio & Det 1st & ref 4%s A—1977
"
F-A
—
—
Secured
J-D
M-N
F-A
3%s trust ctfs D—1944
Gtd 4s series E trust
74%
50
10
71
ft
deposit
5Vis series A
Alst
50
48
51'A
69'ft
*68
1956
4Vis series D
Alst
57
70
*68
deposit—
C
series
5s
71%
70%
71
>
of
ACertificates
30
Pennsylvania Co—
Guaranteed
62 "Va
*60
A-0
1935
96
111% 112
111% 112%
Broadway Corp—
Paramount
95
41
44%
94%
Vis—-1955
1960
92%
*96%
112 Va
111%
108
107% 108
95
3-J
1st s f gold 4
& 111
M s
1st
97
83%
1966
Panhandle East P L 3s B
Paramount
111
6
107% 107%
107%
J-D
F-A
3-J
A-O
J-D
3-J
M-N
B——1966
3%s series C.,.
mtge
Paducah
80
94
93%
J-J
A-0
Ref
125
108%
series K__—1971
Pacific Tel & Tel 3%s series
118%
122%
97
96
3-J
117
77
3Vis series I——1966
J
1970
§APac RR of Mo 1st ext gold 4s__ 1938
§ A2d ext gold 5s
—
'—1938
116%
{§ AN O Tex & Mex n-c inc 5s
ACertificates of deposit—
Alst
1964
1961
mtge 3%s series H
1st
105'ft 106%
3-J
,—1986
N J Pow & Light 1st 4Vis
1960
New Orleans Great Nor 5s A_——1983
N O & N E 1st ref & imp 4 Vis
1952
New Orl Pub Ser 1st 5s series A—1952
1st & ref 5s series B__
1955
New Orleans Term 1st gtd 4s
1953
N
J-D
J-D
J-D
J-D
J-D
J-D
1st gold 5s——1948
Pacific Gas & El 4s series G
J-D
1961
gtd 4 Vis series B_—
J Junction RR gtd 1st 4s
107'ft 108
108
103'A
M-N
eons
1st
82
105%
A-O
1st gold 4s
{ ANaugatuck RR
68%
21
M-S
M-S
3 Vis
Newark Consol Gas
107%
J-D
Prod 3Vis debs
3Vis—.
sinking fund debentures—1949
National Steel 1st mtge 3s—
1965
Nat
24
79 'ft
79
79'/a
Co
Coast
Pacific
1978
1960
1949
& St L 4s series A
Nash Chatt
F-A
AConv deb 6s
;
1973
Philip Morris Ltd deb 3s
ACertificates
of
deposit—
J-3
9
110%
112%
ft
6
102
103%
ft
37%
38%
46
13%
14'ft
71
105% 105'ft
13%
12
20%
•
8%
40%
15%
104
105%
104%
*105% 105%
105%
109%
7'/a
6
3%
105
104%
110%
105
7
*4%
—
Phillips Petrol l%s debs——.1951
105%
112'ft
103% 103%
105 Va
4%
8
108% 109'A
9
7%'
{N Y New Haven & Hartford RR—
—j.1947
ANon-conv
deb
4s
ANon-conv
deb
3 Vis
ANon-conv
deb
3Vis
1954
ANon-conv
deb
4s——
1955 i-
ANon-conv
deb
4s
A Debenture
AConv
■
Il947
:
41%
19
40.:.
401/4
14
41%
42%
37
41
40
A-O
Vi
40
3-J
34
6
39% ;40%
M-S
M-S
.
ih
f
52
31% *;49r
;49%
,52
53
49%
31%
33'
M-N
411/a
41
42
35
32%
certificates 3Vis—1956
3-J
40%
40
40%
36
31%
1
1948
3-J
491/4
48
49%
143
37%
6s__—
1940
A -O
66%
65
66%
68
49'A
deb
—1956
6s
§ A Collateral trust
1957
Alst & ref 4Vis series of
1927
J-D
17
44%
18
43 Vi
M-N
1967
ADebenture
44%
,
1st
1954
4s
{AN Y Ont & West ref gold 4s
AGeneral
N Y &
N Y
N
lien 6s stamp
Steam Corp 1st 3Vis
For
footnotes
see
page
J-D
1993
gtd 4s
Queens El Lt & Pow 3 Vis
cons
M-S
1955
1st
Y Rys prior
N Y
1992
4s
Putnam
M-N
A-0
M-N
1965
—1958
3-J
4%
81/2
2428.
9%
10%
29
90%
136
4%
4%
13
54%
18
6%
2
411/4
100%
1
12 '/a
7
111%
110
111%
108
105%
108 Vi
106%
109%
109% 1091/4
4s guaranteed
58%
*107
109 %
4s
G
55
53%
•
F
Series
21
36%
•
-
gold————1949
Seriis
v
i
32
Series E 3%S; gtd
i
«
152
Pittsburgh Cine Chi & St Louis—
Series D 4s guaranteed
—1945
1
78
*111
J-3
1963
101/4
54%
i
i
62%
{AHarlem River & Port Chester-—
99% 100
;
guaranteed gold—1953
:
;_1957
cons guaranteed 4s
>1960
cons'4%s————1963
cons guaranteed 4%S—1964
Gen mtge 5s series A—
1970
Gen mtge 5s series B
1975
Gen 4%s series C-——
1977
Pitts Coke & Iron conv 4%s A
1952
Pitts Steel 1st mtge 4%s
1950
1st mtge 4%s series B
1950
Pitts Va & Char 1st 4s gtd
1943
Series H
Series I
M-N
J-D
Series J
Pitts & W Va
1st 4%s Series A—1958
1st mtge
4%s series B
1st mtge 4%s series C—
:
1959
—1968
M-N
F-A
J-D
M-N
F-A
F-A
A-O
%
3-J
M-S
J-D
J-D
M-N
J-D
A-O
A-0
106
*112%
110
111%
*112%
111%
111%
*112
112%
114
119%
*121% 122
122
119%
121%
112% 113
13
105%
113
113
17
105
113
*121%
113
112
107
106'/a 106'ft
24
100
100%
100% 100'ft
17
95
100%
102'/8
101% 102'/a
11
98%
102'/a
102 '/a
10
98%
102'/a
60%
61%
18
55
60%
61
36
53%
63%
61
8
53%
64
102
102
*100%
61
60%
60'ft
64
2428
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW
'
■
BONDS
New
York
Sto/»k
Friday
AvInterest
Exchange
Ended June 25
Week
Week's Range
Last
Friday's
or
Sale Price Bid & Asked
Period
Low
Pitts
gen 5s series
4%s series D
1st
Portland
A
ser
5s series B
gen
1st
1948
Gen
Elec
4%s
1st
*107'/a
BONDS
:
Bonds
Range Since
Sold
January 1
High
NO.
Low
] 07 %
—
Gen
v
2000
B
1977
series
C
1979
A-O
D
1980
J-D
83%
1964
M-S
M-S
97
96
97 Va
91
90
97%
J-J
105% 106 %
2
106
106%
J-J
109 % 109%
11
108%
109%
95%
99%
1968
J-J
*111%
F-Af:
:■
J-J
99
Va
Tex Pac Mo Pac Ter 5%s A
Third
99 '/a
99%
16%
1st
&
rel
mtge
1st
St
re!
*
91
—
Tol & Ohio Cent
1st
&
ref
mtge
110
106%
220
109%
Purchase money
104%
coll trust
&
cons
1st 4s
Buff
96%
96
96%
61
88%
98
92
91%
92%
132
78%
94%
92
91%
92%
60
78
94%
1956
J-J
y4
33
62%
76
232
21%
37%
96
96%
A-O
,,.98%
..
...
V
".1
Af-S
1953
Gen mtge
104%
5s
1945
Pacific
101%
104%
Ref
5
103%
117
J-J
J-J
77%
A-O
42 %
99
99
14%
77%
78
42%
1967
M-S
*111%
Genifntge 3Vis series I
1967
103%
103% 103%
109
108% 109
A-O
103%
102% 103%
48
97%
103%
103%
102% 103. Va
12
07%
103%
109% 109%
11
106%
109%
106%
107
1949
1941
Af-S
U
mtge 3%s series A
—1980
J-D
A-O
—
States
Serial
124%
108%
Steel
Va
14%
56
9
14%
14%
38
9%
14%
290
35%
22
"
1947
St
Lawr &
2d
&
gold
Island
Adir
1st
1st
1996
4s
gold 5s
6s
J-J
J-J
*62%
1996
Grand
Jos
A-0
*61
30
*106% 107
.
107
105%
i
107%
99
55% "67
67
.
Pub Serv
St
L Rocky Mt
U'N
J-J
75
73
75
39
44
98
97%
98
11
91
73
36%
18%
35%
91%
J-J
J-J
A
of
Certificates "of
A Cons
ACertificates of
98
92%
3
*82%
J-J
83%
30%
33%
727
32%
1950
30%
32%
55
35%
33%
35%
351
34%
34
34%
4
35%
33%
35%
34%
33%
95%
95%
deposit
M 4 Vis series
93
33
deposit.....—...
series B
5s
1978
A
M-S
deposit stpd.—
•
77%
! A 2d 4s inc bond ctfs-_:
20%
20
M -N
.1989
908
19%
101
101%
*101% 102
101%
102
—NOV
.—...Nov
1 1952
M-N
101%
*101% 102%
101%
101%
101%
M-N
*101% 102
101%
103
1 1953
M-N
*102%
101%
102 %
—May 1 1954
M-N
*101% 102%
101%
102%
1 1954
M-N
*101%
102
102
May 11955
M-N
*102% 103
102
103 %
—Nov
—
Power
35
30
19%
& Light
.1951
A-0
.1944
A-0
.1944
ref 5s_
1st 5s
F-A
26
cons
g 4s series A
1955
f 4s series B
s
101%
101% 102%
22
93%
102%
"68
97%
102%
99% 100%
203
97%
100%
102
85%
102%
*108%
*108%
M-S
M-8
Va
Iron
1st
Coal
&
Coke
1st
5s—
cons
J-J
63
61%
63
35
46%
43%
42
43%
59
27%
F-A
*85%
w.
J-J
19%
19%
19%
F-A
.1947
t§ASt P & K C Sh L gtd 4%s
.1941
St Paul Union Depot 3%s B„....1971
28
24%
28
~9
A-0
85%
1966
lf-3
109%
86%
108 %
1971
J-J
85%
109
112
79%
104%
92
85%
33
72%
109%
77
96%
108%
85%
110
66%
6%
21
17
253
110%
86%
108%
98
1958
86
J-D
5
*108
J-J
50%
85
1st cons gold 4s_1968
78%
86%
82
J-J
76%
„
111% 111%
97
67
F-A
M-N
1957
..1968
gold 5s._1949
Virginia Pub Serv 1st mtge 3%s__1972
Va & Southwest 1st gtd 5s
2003
38%
95%
Cons
39%
J-J
tASt Paul E Gr Trk 1st 4%s
W
Wabash RR Co—
,,
31
1st mtge
4s series A
A-0
103% 103%
1
101%
103%
AGen
1952
Af-S
105% 105%
5
104
106
AGen mtge
Scioto V & N E 1st gtd 4s——.1989
U'N
123
28
49%
A Ref
50
ARef & gen 5s series D
95%
94%
95%
124
83'/a
96%
124%
Schenley Distillers 4s
s
f deb
*123% 124%
1950
A-0
1950
A
47
—
A-O
47%
5s__.
1949
F-A
§ARefunding 4s_~
.1959
A-0
M-S
46%
23%
29%
Adjustment
47%
47%
of
deposit,
■
28%
<
J-J
1961
J-J
27%
5
14%
22%
5
29%
552
mtge 4s
1955
29%
Warner Bros Pict 6s debs
1948
M-S
29
134
14
24
31
15%
30
24%
24%
22
17 U
29%
15
*45
F-A
J-J
1963
A-0
1962
A-O
47
*102% 103
—
Ltg 5s stpd gtd
mtge 3%s
;
Gen
West
46
103
1st
104%
Penn
106% 106%
23
1979
105%
123
1
123
Southern
>
4s
Pacific
(Cent
109
1
107%
109%
1st
Power
4s
.Aug 1949
registered.............
104
19
105%
F-A
J-D
1949
103%
104%
87
87%
J-D
Gold 4%s
1st 4s
5%s series A
J-J
••
— «
'
61%
64
151
55
68'A
62 V2
60%
62%
265
53%
.1981
Af-N
62%
...
1946
-.1950
65%
64%
62 Va
60
65%
186
52%
J-J
99%
99%
99%
84
93%
f
8t Louis Div 1st
gen
1st
6%s
*4s..
1st
&
95%
95
95%
34
87%
Oil
of
Calif
OO r*
85%
*
J-J
104%
85'/a
85
66
gold
82
ser
50
87%
98
99% 100
48
92
9
84
96%
96%
A-O
1996
J-J
1951
J-J
-.1964
J-D
1968
4s——A-1972
1st gold 4%s__2013
debs
,,1966
1961
100
—
98%
99% 100
—
"
fmm*
■
'
7
107% 108
■
■
Apr
47 Va
F-A
103%
*109% •■"W-i
47
111%
1945
Superior Oil 3%s debs
Swift St Co 2%s debs
f
Ref &
3s
2
41%
14
102%
104
Co
1st
Elec
—
108%
110
106
112
110%
112%
84%
93%
--
90%
100
14
95,
99%
Af-S
66
64
66|%
38
36%
70%
36%
70%
84
99%
Af-S
65%
63%
65%
112
Af-N
98%
98%
99 %
75
J-D
98
97 Va
98 V*
46
Af-S
94
93%
94%
114
101% 101%
25
M-N
101 %
87%
98%
83
95%
101%
101%
2361
J-J
55%
53%
56
147
2361
J-J
53%
53 %
54
11
.....
S
105 %
105% 105%
25
104%
J-J
107%
107%
4
101 Va
1st
4s
4
103%
—I960
J-J
lOOYa
—
90%
*
91%
100% 101
♦116 Va
103
—
—
—
104%
109%
111 Va
94
17
88
91%
101
114%
115%
47%
64%
47%
—
100%
of
of
1949
J-J
1936
deposit
Af-N
56
d55%
56
*__
;
1st 4s
60'A
62
57
Power 3%s
1968
1971
J-J
1948
M-S
102%
1960
3%s
A-0
M-N
98%
24%
69
14%
22 Va
10
15%
23%
111% 111%
deposit
23
22 Va
——
2
110%
111%
107
108%
13
101%
103%
30
95%
26%
*107% 108%
Conv deb 4s
3%s series D
102% 102 3A
98%
98%
99
106%
102 %
103%
.—
.f
—
106
*102% 103
Deferred
delivery sale not included
n
In the year's range,
d Ex-interest,
Under-the-rule sale not included In the year's
e
Odd-lot
range,
r
sale
not
Cash sale
not included in the year's range.
J-J
120
125
104% 104%
1
104
105%
112% 112%
104%
6
110%
113
103%
105
"104
F-A
92%
93
19
1959
A-O
106%
106
106 %
16
1965
gold 5s
A-0
*111%
91
56%
111%
106% 106%
Af-N
1951
1950
Af-S
mortgage 3s._... 1958
B
*103%
M-S
61
41%
105%
J-J
Company 3s deb
J-D
43
107%
impt mtge 3%s series B„ 1974
com
3
112
Youngstown Sheet St Tube—
,
1st mtge s f
104%
J-J
O
112
120 Va
8
109% 109%
*112Va
119%
guaranteed
Wisconsin Public Service
52
103% 103%
41
F-A
& N
--
__
--
4
110%
47%
106% 107%
1944
debentures
Texas
119% 120
108
107%
'
106%
M-N
1961
&
Wisconsin
100
J-D
1953
gold 4s
Texarkana & Ft Smith 5%s A
Texas
95
—
-
ACertificates
a
RR gen 5s
Terminal Assn St L 1st cons 5s
s
„
99%
_1951
Included in the year's range,
St
refund
...
112%
106
21
'
4s
ACertificates
98 %
89%
•
Gen
*104
1950
5s
§ ASu & Du div & term
101
•
13
112% 112%
J-J
Af-N
-98
-
104%
J-J
Studebaker Corp conv deb 6s_
Coal Iron
—
104
89%
A—1946
JAWisconsin Central 1st 4s
81
97
A-0
debenture..
Tenn
45
88
82
92
68%
78%
1st
Winston-Salem
•87%
145
77%
1956
70%
.94
78%
gold 4s„_.
2%s
167
103% 104%
A-O
Standard Oil N J deb 3s
2%
J-J
.1956
.......
Serv
Pub
31
103%
98
West Va Pulp & Paper 3s—.
1954
Wheeling & Lake Erie RR 4s
1949
Wheeling Steel lst 3%s series B—1966
•97%
J-J
-.1994
ref 3s series C.
ASpokane Internat
Stand
...1955
gold 5s
Southwestern Bell Tel 3%s B.
Southwestern
4
16
95
•
1946
Registered
100%
A-O
...1956
St
41%
94%
96 Va
104
66
6s
Div
41
94%
91
101 %
90%
West Shore
54%
63%
Af-N
....
Mem
15
37
99'A
69%
180
Af-S
cons gold 5s.
4s series A
Devel
96%
A-0
86%
1968
Southern. Ry 1st
f
1st 5s
'-i ' 7'.'%, •/?. '%
; '
Western Union Teleg gold 4%s_
Wilson
Devel St.gen
Devel & gen
96
J-J
68
1977
3%s
Stamped
27%
28 Va
—
1977
30-year 5s
————I960
Westinghouse El & Mfg 2%s
1951
_1969
1st 4s
South Pac RR 1st ref gtd
30
25%
„
1952
90
Af-S
;
secured
San Fran Terra
31
27%
101% 101%
Af-S
1966
72%
8
...
Gold 4%s___-___.
96
—
J-D
.1963
A5s assented
108%
9
104%
...
Gold 4%s
10-year
108% 108%
—
25-year
1st 4%s (Oregon Lines) A
A-:;,:
—
104
26%
26'/a
__
'
1967
.
5s E
Maryland
ref
JAWestern Pacific
Co—
coll).
Pac
J-J
56
45%
123%
109
1st &
106%
123
J-J
1947
Southern Colo Power 6s A—.
44
34
__
*27%
—
95
181
—
*26%
F-A
'
——
*29%
*27%
„
F-A
Q-Af
1950
mtge 3%s series I
Western
106%
56
45%
104
101%
—
Westchester
101%
40
6
1st ref gtd gold 3%s„2000
Washington Central Ry 1st 4s_.
1943
1st gtd £%s
1945
1st 40-year guaranteed 4s___
1945
Washington Term
100%
99%
104% 104%
1964
98%
*101% 101%
1st
Warren RR
56%
47
F-A
A-0
53%
42%
..
30%
28%
A-O
1950
1980
15
24%
1952
A-O
13%
42%
1941
F-A
A-0
42
100% 100%
Af-S
1978
Walworth Co
27%
100%
1975
.1976
4%s series C
gen
56
45%
30%
24%
.
&
Apr
Apr
14
4%
168;
24%
'
F-A
1954
290
42
M-S
F-A
1935
6
24%
1933
1st gtd 4s_.
10'A
24
28%
'—W
—'
1935
t§AAtl & Birm
10
22%
22%
1945
ACertificates
mtge 4s inc series A
1981
inc 4%s ser B— 1991
t A Wabash Ry ref & gen 5%s A
ARef gen 5s series B_
tSeaboard Air Line Ry—
j
101%
*101%
May 1 1953
Vandalla RR
38%
—Nov 1989
& Duluth
101%
101
*101%
Va Elec & Pwr 3%s series B
39%
{A 1st term St unifying 5s—.——.1952
AGen & ref gold 5s series A
1990
St Paul
101
M-N
Virginian Ry 3%s series A
certificates—
99%
101%
101% 101%
92%
78%
-
bond
4s
99%
*101
93%
tSt Louis-Southwestern Ry—
1st
*99%
M-N
83
19
1955
1950
lien
102%
98
91%
91%
& P 5s stpd
ACertificates
102
—
75
Af-S
tASt L-San Fr pr lien 4s A
A Prior
104
101%
—
M-N
United Stockyards 4%s w w
j
Utah
1948
1st mtge 5s
L
94%
98%
M-N
—
Utah Lt & Trac 1st &
1959
1 ASt L Peor & N W 1st gtd 5s
St
28
102
'
1933
§Riv & G Div 1st gold 4s
ACertificates of deposit—
109%
1 1950
—Nov
...
2.65s
JSt Louis Iron Mtn & Southern—
A
M-N
102%
—
M-N
——
2.60s
105%
107%
—May l 1952
2.20s
2.35s
"
2.55s
St
11943
1 1949
.—May 11950
—,
2.40s
105
Af-S
May 1 1949
2.50s
A-O
103%
46
.
102% 103
Nov
2.45s
1968
102
102%
__Nov
2.15s
•
Saguenay Pwr Ltd 1st M 4%s
100%
Corp—
2.10s
109
14%
34
15
debentures
1.125s
31%
14
102%
Af-S
-
14%
J-J
14%
105
*105% 105%
A-0
—1944
J RR & Canal gen 4s_.
N
United
47%.
27
124%
34
J-J
9%
103
81%
58%
344
__
II
*109
112%
5
M-N
...__
2.05s
Af-S
110%
5
-.1952
M-S
1969
27
.
1
14%
104% 104%
—1955
102
66
7
38%
*124%
4Vis——1934
107%
J-J
__1970
101%
1
M-S
1st
117
105%
112% 112%
112%
F-A
...1947
105
22
1977
tARut-Canadian 4s stpd
98%
117
105%
101%
100
104% 104%
J-D
1939
tSARutland RR 4Vis stamped
98
91
RR—
35-year 3%s deb—
101% 101%
1939
Gen mtge 3 Vis series J
t§AR I Ark & Louis
—"'87%
20
<•''100% 102%
'*116
—
A-0
1959
1st & land grant 4s
34-year 3%s deb
20
104%
Af-N
1967
105
104% 105
Af-N
Af-N
(Chic)
102%
105
104
104%
M-N
1960
3%s series H
28
"
98%
*102%
-
*107%
—1971
Calif 3s deb
of
8
105
F-A
A——1949
109
71%
35%
J-D
1950
1st
debentures
Union
A-O
—1950
4s
103%
109
71
—1953
A 1st
84
34%
J-J
3s
J-J
Roch Gas & El 4Vis series D
84'/a
67%
U
J-J
t§ ARio Grande June 1st gtd 5s
jgARio Grande West 1st gold 4s
67%
106
105
1997
1st M conv 5 Vis 1954
7
109
84%
71
82
71%
112
105
,...1997
Gen mtge 4Vis series C
Revere Copper & Brass 3 Vis
83%
35%
Tri-Cont Corp 5s conv deb A
R
Republic Steel Corp 4Vis series B__1961
83%
81%
114
68
J-J
J-D
Union Oil
deb 3Vis—
81%
High
101%
103
A-O
ref & impt 33/4S__1960
West
&
t§AUnion Elec Ry
Rand
Low
10
83%
221%
—
111% 111%
J-J
1951
114
149%
*221%
&
Ham
Union Electric Co of Mo 3%s_
Reading Co Jersey Cent coll 4s
Gen & ref 4Vis series; A—
Gen & ref 4Vis series B
No.
81%
—
Range Since
January 1
Sold
107%
145%
—
—
A-O
.-..1948
1960
Jan 1960
gold'4s—1946
Trenton Gas & Elec 1st gold 5s
1949
110%
*107% 108
*148Vi
J-D
,2037
3%s_—.—1968
f deb 5s
*109%
M-N
1972
3s
Louis
St
Tdrorito
93%
J-J
mtge 5s..—i—.2037
Ry 1st ref 4s
AAdj income 5s
20%"
7
'
Public Service El & Gas 3Vis
Ave
.
Bonds
High
—
*15
*93%
Friday's
114
A-O
series
M- 3
Remington
J-D
5s
1956
111
gold 5s
series
5s
j A Providence
8s—
1st
5s
ref
Tol
Nor
ref
ref
Af-N
s
Pacific
&
&
1957
of
&
Texas
&
t A Providence Securities 4s.
Service
or
Gen
I
4s
Week's Range
Last
Sale Price Bid & Asked
Gen
1
Purity Bakeries
Period
J-D
.1977
1951
Public
Interest
J-D
3 Vis
Pressed Steel Car deb 5s_.
Terminal
Friday
Exchange
83%
83%
1960
1st mortgage
;v
Stock
Low
108%
1968
3'As
M
York
Week Ended June 25
119%
1950
1st
New
High
118%
—
*119Vi
v
I
1977
—
1st 5s extended to
Potomac El Pwr
F-A
YORK BOND RECORD
•
1974
i
C
J-D
1962
Young & Ash 1st 4s
1st
Monday, June 28, 1943
Af-N
106%
106% 106%
47
1943
J-J
*97—
89
105%
93%
106%
§Negotiability impaired by maturity.
tThe price represented Is the dollar quotation per 200pound unit of bonds. Accrued interest payable at the exchange rate of $4.8484.
tCompanies reported
"
the Bankruptcy Act,
or
as being in bankruptcy, receivership, or reorganized under Section 77 of
securities assumed by such companies.
105%
106%
•Friday's bid and asked prices;
100 Ji
101%
ABonds selling flat.
no
sales being transacted during current week.
.
K
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4189
Volume 157
2429
NEW YORK CURB EXCHANGES I
WEEKLY
In
a
and ending the
19,
security, whether stock or
to include every
York
Curb
Last
Exchange
Low
Par
Acme Wire
Co
common
B
Ainsworth Mfg
Air
Aircraft
Air
Accessories
Investors
—
Convertible
8%
3%
Alabama
—
—50
6%
common
30C
1%
ft
3%
1,200
1,900
85
100
101
10
1%
..100
Ltd
_*
—-—
Book
Co
_—
.100
common.
preferred
Cities
Class
Fork
Gas
29
850
105%
Jan
128
Apr
113
2,000
106%
Jan
113
Jun
17
50(
13%
Jan
17
Jun
Jan
10%
Apr
113 3A
9!A
100
2.15C
100
6
convertible
$2
29 3A
22C
20%
73A
200
4%
Jan
8 Va May
Jan
2'A
9% Jun
'34%
10C
15%
Jan
39
Jun
31%
200
15%
Jan
35
Jun
2%
2,200
9,20<
44%
45%
1%
1%
17%
16 7%
17%
750
26%
25%
26%
6,200
93 Va
Jan
1,200
3%
Jan
17%
May
Jan
23 Va
-20
27%
27%
27%
40C
20%
Jan
27%
Jun
17
16%
17%
7,900
13
Jan
17'A
Jun
26%
26%
20C
25%
Feb
26%
Apr
Jan;
39% May
Jan
88
25
.100
80
1
Co
Buffalo
36% Mar
Mar
Jun
May
11
Jun
Butler
5%
American
Thread
American
Writing
preferred
Paper
common
Fence
Post
Anchor
•
_•
5
•
2
!
$6 series preferred
Calamba
Callite
Apex-Elec Mfg Co common
Appalachian Elec Pwr 4%%
Camden
class
Common
Fire
Class
A
Class
B
u
9,800
98%
98%
50
Jan
99%
12 %
13%
2,400
2%
Jan
16'A.May
3%
Jan
4
Jan
5 % May
Jan
11 May
preferred
6%
-
Arkansas Power & Light $7
Aro
Equipment
Art Metal Works
Oil
Ashland
dep
1%
Jan
2'A
Jan
400
8%
Jan
15%
Jun
14 %
105% 105%
5%
10
preferred.*
9%
7%
Industrial
Coast
Line
Atlantic
Rayon
1
50
Co
6%
Jun
Casco
Jan
10%
(A
Apr
Castle
Apr
92'A
Jun
Catalm
Corp
Jan
20%
Jun
Central
Hudson
9%
400
5%
Jan
10
Jun
Central Maine Power 1%
6%
7,600
4%
Jan
Jan
35
35
5
•
Forge common
Plywood Corp
1
Products
Voting
Machine
Avery (B F) & Sons common
6% preferred.
Tobacco
Patoka
6 %
.*
5
25
Jan
35
80
May
40'A May
8%
7%
8%
500
4%
Jan
8'A
2
2%
4,800
%
Jan
2% May
8% Apr
7
7%
8
900
Jan
6
23%
Jun
Jun
21%
Feb
4'/a
200
2%
Jan
4%
400
3%
Jan
6
8%
600
4'A
Jan
9% Mar
16%
—
15%
4%
—
—
1,600
8%
—
23%
4%
22%
Jan
21% May
Jun
93
89
110
1,820
40%
Jan
110
Jun
8
8
8
200
5%
Jan
8
Jun
Chamberlin
Charis
23%
22%
23%
2,700
19%
Jan
5%
•
5%
6%
8,600
2%
7%
Rubber
&
$1.20
Jun
1%
(L)
A
Consolidated
Chief
Childs Co
$1.50
Beech
Ties Inc
Mills Inc
preferred—
Stamping
& Suburban Homes..
..
Controller
Blue
$3
ontionaj
Jan
13%
Jun
4
Jan
6
Mar
com
common
For footnotes
see
.
preferred.
1
Colon
Plow
Co
Development
1%
Jan
3% Mar
23%
Feb
27 Vb
Jun
3 Vo
Jan
4%
Jun
3
Jan
4
Jun
2%
2%
13%
5C
7
45
6
27/e May
Jan
13% Mar
23% May
Mar
30C
17%
16
12
12
12
Patent
5%
Apr
Colt's
14%
Jun
Columbia
23%
Jun
~4%
~4%
~4%
2,10C
9%
9%
300
Jan
107
Fire
&
Gas
3,300
8%
Feb
1,400
3%
Jan
5
Mar
Jan
136
Apr
Jan
Feb
6%
Jan
13
Jun
Jan
19 %
Apr
4%
Feb
96%
28C
105% 105%
25
92%
2%
Jan
6
Jan
Jan
Jan
45
Jan
84%
Jan
Jan
102
Apr
9%
Jan
42
Jan
%
Jan
11 May
12% Apr
Conn Gas
6
10
Consolidated
7%
8%
625
3%
Jan
14%
1,500
10%
Jan
15% May
Apr
8
74
Jun
16% Mar
1
2%
2%
2%
500
11
Jan
3
May
•
44%
43 Va
44%
1,700
38%
Jan
45
Feb
t
\
9% May
114% Jun
96%
Jun
9% Mar
106
Feb
3,700
ft
Jan
1% May
7,300
7%
Jan
10% May
6% May
35C
101
99
100
Jan
80
,7% May
12% May
103
May
84% Jun
78%
78 %
5C
64%
Jan
7%
7%
250
5%
Jan
13%
16%
4,075
19,200
1,500
700
4%
Jan
ll7/8
7%
Jun
ft Jan
15%
15%
13%
15%
•
•
•
*
!-•
*
10
90%
88
91
8%
% May
Mar
24% May
3%
Jan
51%
Jan
18% May
98% Jun
9
9%
5%
preference
Commonwealth
Community
85
30
48
Jan
96%
90
10
76
Jan
90
May
87
7%
87
140
73
Apr
87
May
8
500
7%
4%
Jan
6% Feb
17%
17%
50
%
30%
32
450
15
12%
15
5,700
13
11%
13
600
2%
11
V
t
c
Southern
extended
to
3%
51
Apr
34
Feb
6.
Jan
15
Jun
7%
Jan
13
Jun
"100
2
Mar
8
Mar
2% Jun
11%
5%
5%
2,200
Jun
1%
Jan
6% May
Jan
5
Apr
Jun
~7% "8%
1,600
3%
Feb
3
3%
3,300
1 %
Jan
8%
3%
51%
600
47% May
55%
Feb
49
50%
470
24
52
Jun
ft
8,600
Apr
'
—100
warrants—
ft
ft
19
10 V*
19
150
li
.—25
—1
1
5%
28% May
50
~8%
50%
1946
Jun
% May
4
ii
Service
8
17% Mar
100
2%
11
8% May
Jan
5V« Apr
32
Jun
Jan
13
500
25
—_—
&
Public
Jun
85
90
U
10%
10%
350
Jan
1/64 Jan
3a
Mar.
Jan
14
200
aa
7%
21%
Jun
Jan
1%
Apr
Jan
n
Mar
•
$3
preferred
.
Biscuit
Co
•
%
26%
Jan
Consol G E L P Bait
4'%%
4%
series B
common
preferred
preferred series C
Consolidated
Gas
Utilities
% May
Apr
*
& Coke Secur common
300
2%
Jan
60%
1,900
56%
Jan
118% 119%
190
4%
1
„
13%
Jun
Jun
10%
Compo Shoe Machinery—
Jan
8%
1%
1
10%
—
Community Water Service
,
18%
7%
7
7%
S4%
105%
~5%
Arms
14'/a
1,400
Jun
Jun
100
3.40C
114%
1
Electric—
23%
9%
47%
15%
8%
-£1
warrants
/3%
2,600
Apr
112% May
20C
17%
8%
1
Colorado Fuel & Iron
Jan
21% Mar
7%
Jan
Jan
102
47%
38%
106%
2%
Airlines
Colonial
9% Mar
••
100
7
Jan
Mar
9%
22
*
—
35'A
14%
H
5,700
13%
2%
ordinary.
25
"% "ie
9
1.70C
Co
common
6% preferred
Feb
page 2433.
May
Utensil
Aluminum
Club
7%
33
""%
3%
*
Corp..
115%
3%
•
•
I
common
1% May
33
Coal
2,600
1
Fdy & Mach Co
convertible
Clinchfield
3%
13
3%
*
Illuminating
14%
•
common
Ridge Corp
7% May
3% Apr
9%
*
1
common
(E W)
%
100
Hedges common
Convertible preferred
Blauner's
5,500
23%
Apr
3%
100
2%
——
Feb
6%
4
Lambert Mfg
Electric
2%
14
5
Jan
1
2%
14%
Apr
Jan
1
Jan
1
Berkey & Gay Furniture
Bliss
s
Co
Lights Inc.—
3%
1
common
&
Hirdsboro Steel
Neon
100
20
Corp
Aircraft
Bickfords Inc
Claude
7
1
Tel of Canada
Benson
.
Auto
7
10
common—
convertible preferred
Aircraft
Bellanca
preferred
7
Apr
Apr
3%
1%
100
Cleveland Tractor common™;
Jan
Apr
1 Va
3%
Jan
„
& L $7
Service P
Cities
Cleveland
1%
1%
1,60C
Jan
_
May
16
Apr
Jan
60c
May
100
ft Jan
ft Jan
5%
10
preferred
preferred B
$6 preferred BB
$6
7
300
5% Mar
9%
Cities Service common
39
~5%
2Va Apr
4%
,
Jan
~5
1% Jun
Jan
Feb
4%
Mining
preferred
Jan
~5%
13% May
31% May
%
5
25
5
4
__1
r
29%
1
Apr
16% May
94% Jun
ft Jan
Co__5
10
Co
900
common
Brummell
Beaunit
Shaft
38
5
1st preferred
Beau
I
Weather Strip
Chicago Rivet & Mach
Cockshutt
common
Feb
Mar
5%
100
Co
1
Inc
6 Vb
10
5%
-1
pfd
37
Mfg—
convertible
Baumann
7%
37
Jan
25
3%
Utilities——50c
1
common
May
10
pfd—100
common
Chicago Flexible
Clayton &
Steel
Seelig
Refractories
Basic
Bell
Co
Stainless
Barium
Barlow
Light
30
common
preferred
Baldwin
5%
Chesebrough Mfg
City
26
Baldwin Locomotive—
for
Jan
300
preferred.100
Products.
West
Metal
Corp
Clark
warants
Jan
9% Jan
100
13
*
com
Cherry-Burrell common
$6
Purchase
&
South
A'rcraft
Cessna
City
B
Babcock & Wilcox Co
May
5% May
.—1
Collieries
Elec
&
Power
Steel
Power
Jun
Jan
Ohio
&
6%
28 Va
New
Central
Jan
75
1%
1
America
Gas
York
Central
Central
Jun
111%
Jan
10%
82
600
10
& Co.
of
A May
1%
com—10
class A
M)
Jun
8
Mar
3%
Apr
2
17
6% May
12%
Feb
5,100
2'%
•
8%
~6%
Jan
7% Jan
700
•
1
1
common
Co common
10%
2%
Drop
Automatic
Corp
88%
~6%
Jan
Feb
Apr
2%
2%
*
30
Feb
100
mm
$7 preferred..*
Products
Feb1
700
.2,500
Cff.9.
1%
•
preferred
Jan
69%
Atlas Corp warrants...:
Automatic
$6
1%
%
30
37,200
^
♦
A
Carolina Power & Light
11,700
1%
ft Jan
14%
14
18
105
_•
*
4
(J W)
50
Jan
25
common
Carter
109
1
Corp
class
Co
Carrier
100
Fisheries
Atlantic
Co
&
Jun
500
Jan
Mar
5% Jan
100
Class B
Jun
Coast RR Co pfd__100
Light 6% preferred
Coast
Carman
Carnation
5%
%
30
1
106%
1%
30
*
City
Jan
%
12%
%
Products
Capital
Jan
1%
1%
12
Alcohol-
2,100
%
—
94'%
12
1%
Canadian Marconi—..
1%
Apr
Jun
pfd—100
voting
non
97%
7
>
3% May
3% Mar
Industries Ltd—
Central
£1
1..
preferred
1%
210
100
16%
90
20
—
voting
4,600
8
14%
12%
£1
participating preferred
92%
8
"15
Assn——5
Insurance
12 3A
8
15%
50c
Corp
6
6%
Jan
Feb
1
;
20%
10
11%
5
50o
Powera
9
1
*
Co
1,200
1%
5% pfd™
19%
..5
9%
250
92%
9%
Jun
Canadian Car & Foundry Ltd—
1,700
Industries—
Atlantic
Ayrshire
100
4%
rects reg___
Birm &
Axton-Fisher
2
14
•
Atlas
May
4%
•
Atlas
Mar
5
•
Associated Laundries of America
Atlanta Gas
5
Jan
4% •
Associated Tel & Tel class A
Atlanta
Jan
2
4%
common
Electric
American
2%
500
2
1
Refining
&
1,900
2,300
4
3%
4%
Associated Breweries of Canada
Associated
3%
4%
4
105%
Corp
Jun
May
4%
•
non-voting
A
100
Il2%0
Electric
Canadian
60
15% Mar
500
_•
Cement Co Ltd 6%%
Canada
Jun
ft
pfd—100
Arkansas Natural Gas common
1%
16%
94.%
certificates
Tungsten
Jun
%
1
•
Angostura-Wupperman
1%
dep rets
Sugar Estate
California
11%
2.80C
4
200;
16%
25
American dep rets
57%
10%
2!A
18 Va
12% Jan
Wireless—
&
Jan
~9%
13%
600
14
2%
16%
1I~2~50
common
trust
Voting
Cables
Jan
10 %
common—*
preferred
$6
1st
'Corp
600
12%
14
3%
~1%
—
$3 preferred
Canadian
American Superpower
3%
12
14
*
Cable Electric Products common
24% May
1,20(
5%
14% Jan
1%
—
—5
Sullivan
&
(P A)
Jan
23
„2
common
Inc
Burco
20%
22
45
.10
——
Hill
Jan
Chemical
50
III
preferred
preferred
1st
$5
Bunker
%
22%
Meter Co
May
12% May
31% Jun
Niagara & East Power
3.90C
%
75
Jan
30% Jan
Jun
6
13%
.100
15%
•
1% Apr
Jun
50
5%
7% May
Y
27% May
109
21
5%
250
44%
50
31
80
;
Burry Biscuit Corp
Jun
3JA May
21
common
III
common
45%
Jan
69
15%
—1
Bruce
Apr
625
108% 109
-25
67%
9%
Rubber Co
Brown
Jan
21
common.. -25
69
Jun
87
"
....
%
Jan
Jun
5% May
.
2% Jan
ft Feb
12%
preferred!
36 3A
-25
Seal-Kap
$6
Burma Corp Am
41
Mach
■:
preferred
3% May
Jan
&
A
39% Mar
19 Va
Jan
500
6
£1
Forman Distillers
Brown
Jan
12
Jan
61
900
6%
2
23%
'
3,700
.10s
dep rets ord reg
Class
A Jan
9,400
Jan
2
5%
—
Brown Fence & Wire common-
4,600
1%
3%
7% Mar
~4%
..£1
reg_.
9%
45%
12% May
4%
Buckeye Pipe Line
Jan
Republics
ord
rets
Jun
37%
Jan
.
Celanese Ltd—
Jun
28%
Potash
dep
Amer
28
33
American
Am
British
92%
2
Jan
•'
Tobacco—
Jan
31%
Jan
Ltak'-'
30%
dep rects ord bearer
Jan
25
American
American
Am
12%
900
Co
British
82
34
34
Mar
%
Co
200
35%
& Trac
Oil
300
53A Jan
Apr
7%
'
"iVa
1—
American
3,500
7%
8%
9 ;
10% Mar
%
Jan
Jun
Va Feb
;
11%
11
5%
IlOO
90%
%
••./ 8%
600
23%
10%
common
A
26%
37%
Maracaibo
American
Jun
% May
37%
Preferred
American
Mar
33
35
preferred
American
Jan
35%
Laundry
Mfg
Mar
1% May
37%
Hard Rubber Co
American
Mar
108
1
Light
Co
•
Jan
—
Mfg
Class
2%
■ '
IIoo
preferred
Brillo
Jan
Jan
2,500
'
22%
10%
—*
%
2%
preferred
American
6 %
120
Jan
~5%
American
7%
B
28% May
Jan
6
.
1%
A
86
31%
Corp
$2.50 convertible
American
Jan
86
103%
common.. .10c
1
preferred
General
May
9% May
78% May
•
(EL) Co common
Brack Silk Mills Ltd
%
.100
preferred
4% %
American
14
Mar
3A
I
Hoe common—
Electric
; -10
&
&
May
Jun
73A
73A
Foreign Power warrants.
American
4% Feb
9
Jun
-10
American
110
23%
29'A
29'A
..25
-10
-f-jSs-.'-K
Apr
23
•
100
f-HM
...1
...
class
Corp
46
.
23%
Bridgeport Gas Light Co
Machine
$1.60
non-voting
American
Apr
ft Jan
1
-25
I'ioh
■
Jan
3% Feb
,
•
1
25%
1
Cyanamid class A
B
Apr
Brill
£4
106 'A 106 3A
86%
A
40
.''
Bridgeport
100
93 % 100
99%
-10c
A
American
Jun
& Light—
Power
class
900
~8% ~8%
Lgt & Pwr..
common
Aeronautical—.
Brewster
Jun
20C
111
•
prior preferred
American Central
Mfg
$5.50
8%
71%
8%
•
;
Traction
May
23%
112
113
1
Co
Low
6
200
100
preferred
Corp
93 %
25
.10c
Board
Box
Class
Breeze
109%
Apr
1
Capital class A common
Common class B
Class B
2d
$5
Brazilian
lu2
24
IlOO
common
American
Convertible
Jun
28% Mar
9'A
common
preferred
American
A May
3%
23%
25
Mfg
American Beverage
Range Since January 1
High
•
common—
1st preferred
Oail
Jan
%
91
1% May
16 3A
Goods
$3
Jan
7%
Jan
72
4
113
common
Shares
13%
13
70
70
•
Inc.—
Class
*
Iio
Sales
for Week
Range
.25
Borne Scrymser Co
British
preferred
American
Jan
1/64 Mar
110
Industries common
>
3% May
35% Jun
4,500
84
—25
Aluminum
American
Jan
*4
*
Aluminum
6%
Bowman-Biltmore
1
common
conv
Aluminium
Bourjois
4% May
.100
Investing $3 conv pfd_,
Products (Mich)
Aluminum Co
8% May
Feb
Apr
8%
100
1st preferred—
7%
Preferred
Investment
A
8%
Jan
Steel—
Alles & Fisher Inc
Class
J an
1%
102
Allied Intl
Allied
5%
101
Allegheny Ludlum
7% preferred t
Alliance
13%
Co common
200
preferred'—
$7
Power Co
preferred
$6
(H C)
5% May
3
"vW CO
2%
3%
Bohack
21% Apr
Jan
27%
—15
Southern
Great
Alabama
...
Appliance
Week's
of Prices
Low
& Co
Feb
ft
ft
Electric
BlumenthaU (S)
4%
—10
Warrants
Air-Way
Jun
24
8%
CO
CO
i
2
preferred
Feb
400
1
—50c
Corp
Last
Sale Price
Par
20'A
CO
—_1
common
Friday
Exchange
High
_4%
1
^ n-
4%
5
(N J)
Low
High
Curb
Week Ended June 25
5
1
1
common.!
Inc
Associates
York
New
Range Since January 1
>
1
....
STOCKS
Shares
17
—10
Supply Mfg class A
Class
1943).
for Week
Range
of Prices
Sale Price
Week Ended June 25
25,
Sales
Week's
Friday
STOCKS
New
transactions on the New York Curb Exchange for the week beginning on Saturday,
It is compiled entirely from the daily reports of the Curb Exchange itself, and is intended
bond, in which any dealings have occurred during the current year.
(June
present Friday
RECORD
YEARLY
they are the only transactions of the Week, and when selling outside the regular weekly range are shown
computing the range for the year.
extensive list we furnish a complete record of the
In the following
June
Aero
AND
delivery sales are disregarded in the week's range unless
footnote in" the week in which they occur.
No account is taken of such sales in
and deferred
NOTICE—Cash
•
60%
100
108
100
1
60
4%
4%
5
108
4%
20
2,200
27%
Jan
5%
Jun
62% May
111
Jan
121
103%
Jan
110%
Jun
2
Jan
5
Jun
Jun
THE COMMERCIAL & FINANCIAL CHRONICLE
2430
Monday,, June 28, 1943
NEW YORK CURB EXCHANGE
I
STOCKS
New
York
Mining & Smelt
Consolidated
Retail
Ltd™—5
8 %
preferred
Consolidated Royalty
Steel
Consolidated
-100
10
Oil
_*
Corp
for Week
New
600
500
6 Va
3 ¥2
107
Mar
41
Jan
x6¥o
107
Jan
Jun
Jan
2
100
l¥a
Jan
2% May
10
800
5%
Jan
10% May
2
2
10
-
9%
7%
100
preferred
prior
1
& Steel
Continental Roll
Cook Paint & Varnish Co
•
♦
*
Coro
12
11%
12%
1,900
10 %
$6
Petroleum
1
common
50
preferred
convertible
5%
50
12%
900
6%
6%
900
%
900
9
1%
90
9 ¥2
Jan
9
Jan
15 ¥8 Mar
107/a May
8¥4
Jan
15% Mar
Jan
41
4%
Jan
32
Jan
50
3
575
Creole
C
W
receipts (ord reg)—£1
5
dep
Petroleum
*
1
Liquidating Co
Croft
Brewing
Co„.
7%
Public
5%
22%
5,100
15%
7%
Jan
10%
400
10 ¥4
Jan
%
%
4,500
372
*
Jan
$3
$5
Gilbert
(A C)
Petrol
Crown
Cork
International A
Crown
Drug Co common
Jun
Glen
Alden
Godchaux
Class
preferred
convertible
"ft
Crystal Oil Refining
$6 preferred
common
Jun
10 ¥2
Jan
May
preferred
20%
Cuban
Atlantic
Sugar
5
Cuban
Tobacco
common
Goldfield
Goodman
Mfg
Gorham Inc
$3
Curtis
Lighting
Curtis Mfg Co
Inc
(Mo)
4 ¥8 Mar
Grand Rapids Varnish
8%
Jun
Gray
1%
700
May
Great
Jan
2
Jan
24
Feb
Mfg
Apr
Apr
Great
11
Feb
227/8
Jun
Class
3 ¥2
Apr
Grocery
May
2
May
Mar
10
Mar
35
Gasket
&
Mfg
Foundry
Gray Iron
24 ¥2
3 V$
Jan
5%
Jun
500
1%
Jan
4 ¥4
Ju n
75
75
Stove
Steei
Products
common
—
Shoe
Divco-Twin
Truck
Dobeckmun
Co
1
common
Dominion
Bridge Co Ltd
Dominion
Steel
Draper
Duval
*
Jan
13
Apr
19 ¥2
Apr
•
1
•
common
common
Sulphur
18
Mar
Jan
1% Mar
2,600
—
Jan
4 ¥2 May
14 Va
Jan
-19 ¥2 May
24
3%
Jun
30% Mar
2
10
Jun
Jan
7
Jun
Jan
9% May
9
6%
6 ¥4
6
10% Mar
10% Mar
300
Jun
3%
5%
¥2
—
21 ¥2
—
Jan
21 ¥2
Jan
7 ¥2
—
Jan
8%
67%
68 ¥4
175
56%
Jan
69%
Jun
30
200
24
Jan
31 ¥2
Jun
3 ¥4
2 ¥4
2 ¥4
11
100
Jan
V/B
Jan
500
11 ¥4
2Va
500
*
7
Jan
66
3 ¥4
2%
Lead
Picher
Gas
&
Fuel
10
*
Assoc common
prior preferred
100
100
8
Jan
preferred
.6%
Eastern
Malleable
Eastern
States
12 Va
2%
2'/4
12 ¥2
3,400
2 ¥2
1.600
56 ¥2
450
•s
P
76
Apr
4
Mar
2% May
11%
Apr
7 ¥4
Jan
iq
Jan
13 ¥2 May
2% May
42
Jan
59%
Apr
19%
Jan
38 ¥t
Jun
25
20
Jan
25 ¥2
Mar
55
34%
34
35 ¥4
1,025
23 ¥2
23 ¥2
25
Iron
11%
55
Corp—
*
preferred series A
$7
*
•
23 ¥2
23 ¥2
23 ¥2
75
10 ¥4
Jan
VA May
24% May
23%
23
23%
225
10 ¥1
Jan
1
*
*
39%
39
40
470
31 ¥2
Jan
6
1,300
2%
Jan
5
7 ¥2
Bond
Electric
Share
&
preferred.
preferred
$6
100
Jan
109%
Jun
Jan
90 ¥2
500
Jan
4%
45
6%
Jan
4 ¥t
400
Feb
11
Apr
Apr
9% May
50 ¥4
Apr
6Va Mar
13
May
15%
16%
6,500
12%
Jan
18 ¥2
36
36
125
26%
Jan
38 ¥2
11%
11 ¥2
20C
5 ¥4
Jan
12%
16
11 ¥2
96
¥a
—
32
Jan
a'a
3,300
108
Jan
Apr
Jun
Jun
Mar
¥4 May
3%
3%
100
"l%
Jan
27
Feb
52 ¥2
Jun
28¥4
28%
200
22 ¥2
Jan
29
Jun
3%
„
4
Apr
3%
Jan
5%
6%
6 ¥4
6%
1,000
3 ¥4
Jan
7 ¥2 May
•
25
Products
Stores
Apr
82
81
300
33
46¥4
107 ¥2
127% Mar
27 ¥4
50
7 ¥2
7 ¥2
3%
3%
45% 46%
107 ¥2 108
—
__
67 ¥4 Mar
25
82
13,7
33
137
__
__
84 ¥s
Jun
138 ¥2 May
36
Mar
5 ¥2
Jan
100
1%
Jan
4% May
8,500
37%
Jan
20
102 ¥2
Jan
49% May
108 ¥2 Jun
100
107 ¥2 Mar
*
*
preferred™
:•
Lime & Alabastine
Jan
4% Mar
10
Apr
114
May
5% Jun
H
Hall
Lamp
Co
Hammermill Paper.—
Electric
Hartford
Hartford
Light
trust
ctfs
1
1
Co
Brewing
4%
21
Hat Corp
1,750
25
Corp
II
1%
"l%
Hearn
6%
Hecla
A
31 ¥2
300
19 ¥2
Jan
x33 ¥4 May
4
4 ¥4
700
IV2
Jan
4% May
41%
A
41%
3/4
31
170
7
6 ¥2
__
—
11%
11%
-
Co
(A
Horn
&
Horn
&
Co
CI
Jun
27
Apr
Jan
14
Jun
11%
Jan
15%^Jun
22%
22%
300
21
15%
Jan
6%
Jan
10 ¥a
Apr
17 ¥2
Feb
25
Jun
26%
26 ¥4
26%
500
X8%
8%
x8%
1,100
•
Hardart—
&
May
5
*
5
Fibre
Corp
24%
Jun
29% May
Huyler's common
for
1st
preferred
Hydro-Electric
Securities
Hygrade Food Products
7 2 ¥4
4 Va
4
Mar
27%
Apr
Apr
Jan
20%
Jun
3,100
60
Jan
78
Apr
1,000
3
Jan
5 ¥4 Mar
Apr
7%
__
1%
1 %
Mar
3 ¥2 May
6 Va
70 ¥4
__
Feb
34
105
14%
200
20
4 Va
Mar
108 ¥2
—
™
19 ¥2
72
23%
50
27
27
*
1
1
*
5
Co
Jan
3 ¥2 May
103 ¥a
*
Ligonier
29¥2
60
*
100
Inc
Refining
Hummel-Ross
32 ¥4
31%
32%
1
Baking Co——„
preferred
c
9 '/a
Jan
•
& Co common
Oil
t
Jan
Apr
7 ¥2
5
M—
G
common™.
(Harvey)
V
Jan
May
11% May
•
Hardart
Hussmann
7%
11 ¥2
9
50
10
common
(Geo A)
Horn
Jun
44
Jan
22 ¥2
2.50
common
Inc
Hormel
Jan
Jan
4
1,900
-
_
¥4
6 Va
6
7
5
common
Consolidated
Border's
May
31
•
& Co class A
Holophane
6
—25
Rubber
Hollinger
May
Jan
4 ¥4
2
common
Heyden Chemical
(R)
May
31 ¥2
*
Preferred
Hoe
2
2 ¥4
3 ¥2
•
Henry Holt & Co participating A
Hewitt
Jan
Jan
50
A
Co
May
1%
25c
Rubenstein
Heller
Jun
50
•
Mining Co
Class
Feb
25
5
Dept Stores common
convertible preferred
Helena
6 ¥2
Feb
Jan
1,300
of America B non-cot com__l
Hazeitine
Jan
17 ¥2
42
23%
25
voting
Rayon
Harvard
5
10
—_
.
300
"iff
Jan
113
Jan
2
Jun
Apr
8
lv2
3 ¥2
100
8%
9 ¥4
1,700
4
Jan
22 ¥2
Jun
1
Jan
4%
Jun
3%
Jan
9 ¥2
Jun
Jun
24% May
preferred series B
Eastern Sugar Associates—
$5 preferred v t c
Easy Washing Machine B
Economy Grocery Stores™!
$6
$5
Apr
25
100
Oil
Humble
4 % %
39 ¥2
5¥s
*
common„25c
Corp.
J.
25
Gulf States Utilities $5.50 pfd
•
Gulf
5%
Eagle
Jan
5¥a
100
Paper
Hubbell
East
31
Feb
29
68 %
*
class B
Hosiery
Texas
X8%
,
10
Co__
Duro Test Corp
Jun
——
"
Duke Power Co™
Durham
75
25
Coal B
Corp™
Harris
Driver
Jan
%
3 ¥2
1
common
&
62 ¥2
—
—
3% May
Jan
*
common
Jun
Mar
1V4
—
10
preferred
62
111
Jan
Feb
100
12%
—
10
Vilbiss Co
7%
Diamond
Apr
10
75
10
common
Jan
400
3 ¥2
12%
1
Mich
Detroit
50
110
3%
3%
1
Detroit
De
Co
33
130
300
—
8 Va
6
6 ¥4
Jun
6 ¥4 May
Jun
5%
—
108 ¥2
8%
112
.100
38
—
Apr
19
3 ¥2
—
Jan
89 ¥2
May
18
Jan
31 ¥4
•
•
1
20
preferred—™
Detroit
18
Jan
Jan
5 ¥2
50
Derby Oil & Refining Corp com
A convertible preferred
6%
8 ¥2
15
11%
3 ¥2
100
debenture
Detroit
31
50
5
■p| $6 prior preferred
8%
300
1,025
—1
convertible
A
16%
17
18%
33/o
30C
Jan
5¥a
Greenfield Tap & DieJ
Feb
Northern
Gypsum
16 ¥2
5 ¥2
5 ¥4
Jan
Tea—
Non-voting common stock
7%
1st preferred—
1¥2
15 ¥2
D
Dcjay Stores
Dennison Mfg class A common
Pacific
&
Jan
9
18 Va
52%
103 ¥2
5
;
Co
Atlantic
Feb
2
17
5C
1
6
5
•
1
Jun
200
__
*
•
10
common;
Jan
1%
May
1%
72 ¥4
May
$6
Darby Petroleum common™.
Davenport Hosiery Mills™
Dayton Rubber Mfg
Mfg
2 ¥4
13,800
2 ¥4
74 ¥2
1%
50
-
800
2.50
5
common
Co
class A™
3 Va
21
May
108
1
Mines
preferred
4
20 ¥2
2
•
Consolidated
Jan
*
May
¥2 May
¥2 Jan
—
71%
•
!
lVa
¥4
62
72 ¥4
♦
100
19 ¥4
Jan
37
•
Coal
Sugars class A
B
3%
iu
Apr
30
,
*
IV2
1 ¥2
74
10
*
24 ¥4 Mar
6% Mar
25c
25
•
10
Jan
59 ¥2
1
Co
High
61
59 ¥2
*
3
5
*
(Md)
Cent
Crown
common
Preferred
Low
1C
•
*
*
preferred
Range Since January 1
73 ¥4
•
Georgia Power $6 preferred
Shares
High
73 ¥4
pfd A—100
preferred
3%
3%
6%
Water Gas & Electric common
Gen
Gorham
Crowley Milner & Co
Rubber
&
Gilchrist
23 ¥1 May
Jan
21%
r/
%
Low
$6
Gladding McBean & Co
3¥e May
13% Jan
100
Tire
Service
Sales
for Week
of Prices
2% May
90 ¥2
Jan
Jan
10%
22
—
7%
Week's
Range
'
6%
pfd
100
preferred™*
General Rayon Co A stock
•
General Shareholdings Corp com
1
$6 convertible preferred
*
General
$7
7%
Adv
Jun
Courtaulds Ltd—
American
;
Last
Sale Price
Apr
10%
% Jan
79
Apr
7% May
Apr
1,100
22
21
8
1,300
90 Vi
2%
2%
22
94
76
2,400
107/a
6%
1
*
& Reynolds
preferred A
corroon
Cosden
10%
11%
12
5c
*
Inc
Jun
Jan
37%
230
•
Cooper-Bessemer common
$3 prior preference
Copper Range Co„
Cornucopia Gold Mines
93%
93%
Friday
Exchange
June 25
Par
General Outdoor
General
Continental Gas & Electric Co—
92%
Curb
Ended
High
Jan
31
York
Week
Range Since January 1
Low
37
6 Va
6¥s
Shares
High.
37
37
1
Stores
¥'S T O C K S
Sales
Range
of Prices
Low
Pa.
Consolidated
Week's
Friday
/
Last
/ Sale Price
Exchange
Curb
Ended June 25
Week
Electric
common
42
6
Apr
¥4
13
Jun
Illinois
Mar
5%
convertible
Div
arrear
12
6%
"7 ¥2
61
67
60 ¥4
26 ¥2
1V4
2
Jan
800
42
Jan
43%
Jan
71
Apr
Jan
30
May
29
1 ¥2
33,700
67 ¥4
28 ¥2
Apr
61
65 ¥2
•
warrants
Option
5%
*
*
—
Light 2d pfd A
Power &
%• Jan
2,600
860
7
al
500
IV2
Jan
9 ¥2 May
65 ¥2
May
2% May
'
/
Electrographic
1
15
Corp
Elgin National Watch Co
Emerson Electric Mfg-;
4
Empire District Electric 6%
pfd
Empire Power participating stock
Emsco-Derrick
100
*
5
Equipment
&
5 ¥2
10c
Equity Corp common™—
$3 convertible preferred
8
~8%
92
93 ¥2
2,600
Feb
Jan
26
8%
4%
Jan
8
30 ¥2
Apr
Jun
9¥s May
..
40
1 ¥2
1
10%
10%
100
VA
IV2
31 ¥4
100
5¥a
5%
1,000
Feb
96
May
Mar
34
May
Jan
12% May
,7ff Jan
24,000
31 ¥4
~~
88
29
92
Power Vo
Iowa
Zinc
Illinois
—*
37
•
Co——
1
Jan
4%
1,100
25
Jan
38 %
7%
36
1,100
3
Jan
93/4
Jan
7 ¥4
7%
250
15
14 %
15
Apr
8% May
16% Apr
Chemical Industries—
Imperial
£1
Imperial Oil (Can) coupon.
•
Registered
•
Imperial Tobacco of Canada..^
5
Imperial Tobacco of Great Britain &
Am
2,100
37 ¥4
3 ',2
4
50
preierred
certificates—
5 ¥4 Mar
dep rets regis—
Ireland
12%
5,100
12¥e
12 ¥8
100
Jun
12%
Jan
12% Jun
Jan
10 ¥2
10
Jun
Apr
21 Va May
16%
Jan
130
91
Jan
105%
Jun
26 ¥2
32 ¥2
690
20
Feb
32 ¥2
Jun
28
36
170
20 ¥2
Jan
36
Jun
600
¥2
Jan
1% Mar
-£i
——
7 ¥4
Jan
9%
9 Va
12
12-%
104% 105
Indianapolis P & L 5 ¥4% preferred_100
Indiana Service 6% preferred
—100
1% May
6 ¥4
2 2 ¥4
Jan
35
May
7%
preferred.
-
—100
.
Industrial Finance v t
common
c
1
VA
1 Va
VA
1
50
1
Inc
Eureka
Pipe Line
Eversharp
Inc
common
common
5 ¥4
2 ¥4
Jan
7
5%
Jun
Jan
30
Jan
25 ¥2
17% May
Man
20 ¥2
21
100
15%
Jan
24 ¥4 Mar
America
10
84%
82 ¥4
84%
650
69%
Feb
84%
Jun
International Cigar
Machine—
*
16
14 ¥2
16 ¥2
1,200
12 ¥e
Jan
16 ¥2
Jun
International Hydro
Esquire
Electric—
50
9
¥2
9%
1,500
2%
Jan
11 ¥4 May
4
7%
preferred
Insurance
Co
Preferred
of
100
,
North
$3.50
series
International
—1
Aviation
Fairchild
'—1
1
Fansteel Metallurgical
*
Fedders Mfg Co
-5
Fire Association
(Phila)
10
Florida Power & Light $7 preferred™*
Fairchild
Co Ltd—
Motor
Am
2>/4
500
1,400
17%
163/2~ 18 ¥4
.
2,000
Jan
IV2
Jan
3
Mar
Jan
11
Jun
Jan
18% May
10
6
96
6
96 ¥2
100
6 ¥4
175
3%
Jan
57%
6
Jan
67
Jun
81 ¥2
Jan
98
Jun
Jun
¥
£1
rets ord reg
of Canada—
dep
10% Mar
7%
7 ¥4
9
2
Airplane
&
8%
Brewing
Falstaff
Ford
Engine
8%
4%
4%,
6
Class
A
non-voting
Class
B
*
voting—
Motor
Ford
Amer
dep
;
20
19%
20
3 ¥4
Jan
1,000
15%
Jan
20 ¥2
Apr
Jan
22
Jun
*
May
3
bearer
rets
3
100.
Stock
Yards
Indus
1¥» Mar
12%
*
Worth
Jan
3
Jun
23 Va May
Engineer—
Common
(Peter)
Franklin
Co
Froedtert
Malt
&
10c
2%
2%
27/a
600
3¥a
~3¥a
3 ¥8
100
5
1
common
1
15
Gatineau
5 %
Power
Co
Gen
Electric Co
22 ¥4
9
Jan
15
Mar
41 ¥2
41 ¥2
150
29
Jan
44
Apr
45
Jan
62
Jun
Gen
Gas
Fireproofing
&
Elec
9 ¥4
300
;
7% Mar
Jun
8 ¥2
9 ¥1
$6
For footnotes
82 ¥t
2%
"l
Jan
1% May
Jan
12%
Apr
100
£1
common
page
2433.
1
4
10
common-
—
•
•
14%
4
4
200
2
Jan
4 ¥4
May
7%
734
100
7 ¥4
Feb
8
May
14%
600
102 ¥2 102 ¥2
10
14 ¥2
Apr
Jan
17 ¥2
Apr
?8%
200
Jan
9%
Jun
•
10%
200
A
10 ¥4
10%
450
19
18 ¥2
$3.50
413/41
403/4
413/4
700
2 Va
2¥a
2 ¥4
7,200
preferred
*
prior preferred
*
Home
Equipment
1
Interstate Hosiery Mills
*
Interstate Power $7 preferred
—*
Investors
Royalty—
1
Iron Fireman Mfg voting trust ctfs—*
Irving Air Chute
—1
Italian Superpower AJ
*
¥2 Mar
3%
9,900
¥2
iV
4—*
6 ¥2
600
1
1
*
Jan
1 % May
10%
Vs Jan
7 ¥2
32
,
May
Jun
A Jun
Jan
19
Jan
42%
Apr
2¥a May
May
3%
Jan
21%
Feb
24%
Jun
4%
~33/a
3 ¥2
300
¥2
100
1¥»
¥4
Jan
¥2
225
14%
Jan
1%
4,900
6 ¥2
3,900
18
17 ¥2'
17 ¥2
9%
9%
1%
10
IV2
1
•
Jersey Central Pwr & Lt 5 ¥2% pfd—100
6 %
preferred
1
100
7%
preferred
100
Julian & Kokenge Co
•
Jacobs
(F L)
Co
—
Jeannette Glass Co—;
6%
:
6'/b
,
400
7¥a. Jan 1
¥8
Apr
¥2 Mar
Feb
Jan
19
10%
2
Mar
Apr
Jun
2%
Jan
6 ¥2
Jun
2%
2,100
.1
J: J an
2%
Jun
; 74%
50
66
Jan
78 ¥2
Apr
84%
85%
30
69
Jan
86 ¥2
Apr
91
2%'
93
Jan
97
a
2
74
91
A
100
¥4
79
13% Jan
Jun
%
1
"l
17 ¥2
14
Jun
Jan
68%
•
13 ¥2 May
Jan
18 ¥4
Apr
17% May
K
Kansas Gas & Elec 7%
Kennedy's
preferred B
see
Utility class A„_
B
Class
Jan
13%
Jun
Jan
9%
9 ¥4
;
preferred series A
General
B
Jan
8 ¥4
3,800
IV2
:_10
new
International Safety Razor
International
shs__*
*
Products
l¥a
100
16%
3 ¥2
Jun
Jan
300
Ltd—
Corp
coupon
shares..
6,300
13
16%
¥4
16%
Jun
13%
100
dep rets ord reg
General Finance
5%
•
common
preferred
Amer
Petroleum
5
¥4
13
4
•
4% Mar
400
.—100
Gellman Mfg Co common
General Alloys Co
28
15
15
19%
participating preferred
15
Co™——
——1
$3 conv stock
*
preferred
Jan
14 ¥2
Conv
convertible
Mar
2 ¥4
11 ¥8 Mar
3 ¥2 May
15
Mar
13 ¥2
15
Fuller (Geo A)
4%
1%' Feb
13 ¥2 May
—1
—
Brewing Co_
Distilling
Grain
Registered
International
A
—.
——™
$1.50 preferred
Fox
International
1
Inc
Industries
Interstate
of France—
Foundation
Fort
Metal
$1.75
1,400
16%
5¥a
Motor
Ford
Industries
International
8
13%
Jan
90
Apr
16%
107
Apr
Mar
Inc
Ken-Rad Tube
Lamp A
preferred D
Kingston
Klrby
7%
Products
Petroleum™™
pfd B
8 ¥4
100
*
1
Jan
Jan
123
May
8% May
14%
Apr
¥ 47
3%
3%
4
3%
3%
* 4.500
100
Jan
50
Jun
32
100
100
_™.™_™._™1
Jan
6 ¥2
5 ¥2
8%
—
&
Kings Co Lighting
5%
115 ¥2
preferred—.100
5
Jan
37
May
1%
Jan
4
Jun
1%
Jan
4 Va May
Volume
2431
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4189
157
NEW YORK CURB EXCHANGE
Curb
LOW
Par
Low
High
Low
Par
High
Sales
for Week
Range
of Prices
Sale Price
Week Ended June 25
Range Since January 1
Shares
of Prices
Sale Price
June 25
Week Ended
Last ,l~:
Exchange
Curb
Week's
Friday
STOCKS
New York
for Week
Range
Last
Exchanga
Sales
Week's
Friday
STOCKS
York
New
Shares
Range Since January 1
LOW
High
High
'
Kirkland Lake G M Co Ltd
Klein
Emil)
(D
Kleinert
Knott
Co
Koppers Co 6%
"9
"9
_9
1
*
preferred
Apr
convertible
14
Jun
Nebraska Power 7%
Apr
10
Apr
Nehi Corp
Jan
9
Jun
Nelson
Feb
10
92
280
96%
95%
95%
Apr
10
—
100
Feb
100% Mar
Jan
Kress
special preferred
(S H)
Brewing
Kreuger
Co
13 »/4
1314
5%
6%
1,700
4%
Jan
—
class A
*
Clock
7%
Arizona Land
Lane Wells Co
Realty common
preferred
Oil
Lit
Jan
4%
Apr
N
Y
3%
Feb
6
Mar
N
Y
&
Feb
101
Feb
N
Y
Y Power & Light
11%
100
100
11%
11%
Lone Star Gas
Long Island Lighting common
7 %
preferred class A
preferred class B
Loudon Packing
6%
Land
&
Exploration
Louisiana Power & Light $6 pfd
Corp
u
4,400
■j',;
300
24%
Jan
1614 May
9% May
% May
J an
31%
11
11%
N
Y
31%
Jun
5%
1st
2d
11% Jun
Class
Consolidated
Mapes
Class
B
214 May
16% Jun
100
%
Jan
150
12%
Jan
munication
6%
Class
A
52
preferred
900
2114
Jan
42% May
Nipissing
Jan
39
Noma
1
May
6% May
Jan
8
Mar
Jan
1814
350
26
25%
107%
Mines
Jan
2%
$6
29 V4 May
Jan
Jan
214
Jun
414
Feb
Jun
90
26
Jan
35
North American Rayon class A
B
Jan
4
common—
preferred
Jan
States
Power
class A
15
•
1
2.50
•
17
1
t c_l
—1
t c—
...
conv
5
preferred—*
*
*
50
-10
•
1
•
•
100
$2 non-cum dividend shares
Co common
Abrasive
Midwest
Oil
Midwest
Piping & Supply
Refineries
Co—
Mining Corp of Canada
Minnesota Mining & Mfg
Minnesota Pwr & Light 7%
pfd
Mississippi River Power 6% pfd
Missouri Public Service common..
ft
Jan
2
Ohio
Brass
Edison
Apr
8%
100
4% Jan
8%
4
300
1%
Jan
4% May
12
600
8
Jan
13% May
143
10
125
Jan
4
500
Jun
145
class B
Co
$6
7%
7%
7%
Ohio Power 4 % %
preferred—
Ohio Public Service 7%
6%
1st preferred
Apr
Oilstocks
414
Jun
Oklahoma Natural Gas common
Jan
34%
Jun
Jan
Jan
5i
—
$3
614 May
28
May
8%
Jan
9814
50
102
102
J an
%
.
1%
2%
Jan
It
11,300
Jan
Mar
28
"%
%
"%
Apr
6
1 Va
1%
8
8%
8%
—
500
1%
"l%
Jun
% Mar
Jan
1% May
7% Mar
4% Mar
"7%
109%
%
—
Apr
6%
Jun
B14
Jun
x3!4
Jan
2,200
%
Jan
2
8%
600
4%
Jan
9%
Apr
8%
50
Mar
9%
8
Jun
18%
19
150
15%
Jan
19%
Jun
27%
28%
29
800
2514
Jan
35%
Apr
1% Jan
2%
Apr/
6%
8%
Jui?
2%
2%
100
8%
8%
2,100
2
—
2 Va
14"
--
Ltd
400
Ohio Mfg Co
Muskegon Piston Ring
Murray
Muskogee
-
Can
Pacific
Nachman-Springfilled
Parker
$1.40
•
1
common
3%
17
%
4,400
172% 174 %
170
Jan
163,
Jan
Apr
7%
12
4
May
Jun
Jun
1% May
7% May
180
Jun
21%
~2
2
32
2
Jan
22%
Apr
2014
300
Penn
52 y*
Jan
70
28%
100
22V*
28%
28%
300
Jun
% May
May
Jan
32% May
23 %
Jan
31% May
Feb
53
Feb
1% Apr
6
5%
400
4
Feb
82
Jan
Mar
Jun
97% Jun
108% Jun
97%
10
6%
6%
1,000
4 Vis
Jan
8% May
23%
24%
400
16%
Jan
27% May
4%
1,800
21%
125
97%
102 V* Mar
•
Jan
32
Jun
%
3,000
114
Jan
'
5%
6
17
—
6
2,600
4%
Jan
17
150
13%
Jan
Penn
Power
Salt
Penn
Water &
Pepperell
9
Jan
15%
Apr
Apr
Jun
'14%
300
12%
50
10%
Apr
14 % Mar
8%
500
414
Jan
10%
Phila Electric
1414
1414
114
1%
1
100
Jan
10
11,500
Jun
Apr
69% Mar
25-
Gold
Pitney-Bowes
Inc
11%
Sugar
15%
Jun
Powdrell
1%
Jun
1114
May
May
&
*
Mar
25%
Jun
Premier
Jan
51% May
12% May
Pressed
Jan
12
Apr
Producers
4
Jun
500
101%
87%
*
♦
12.50
;
page
■
12%
•
Radio
2433.
30c
600
19
__
12%
Jan
3%
13% May
Jan
35
Jun
Jan
31
Jun
102'A
20
Jan
108%
Jun
95
Jan
Jun
5%
Jan
15%
Feb
18
Jun
Jan
84%
Apr
3%
200
101%
Jun
—
1,000
3%
1,000
'
Jan
14
Jun
17%
32
3V2
Jan
4% Mar
2,400
9%
Jan
16% May
%
Jan
1%
4%
Anr^
Feb
Apr
63%
Jan
36 %
Jun
%
Jan
1%
Apr
99%
Jun
94 V2
Jun
44
%
l
300
99%
700
76
Jan
74%
Jan
165% 165%
25
150
98%
99
Jan
% Jun
Jun
51 Va
Feb
170
% Mar
2%
Jun
Jan
2%
Jun
Jun
65
61
350
116
50
6
—
63
116
__
6
400
4
Jan
8%
500
5
Jan
6 % May
8% Apr
33% Apr
Jan
104
21 %
__
8%
8%
116% May
34
Jan
Jun
31%
Feb
8%
8%
2,000
4%
Jan
21%
20%
21%
6,800
8%
Jan
22
Jun
55%
55%
550
42 %
Jan
56%
Jun
12
100
8ya
Jan
12 y2
Jun
__
12
.12
1%
•
'
9
1%
1%
3,800
71%
__
7%
500
9 Va
Jun
l'/a
Jan
2 Vis
Apr
6
Jan
7%
Jun
42 y2
Jun
38
Jan
58
60 %
2,740
47%
Jan
60 V2
Jun
13
13 %
150
10 Va
Jan
14%
Jun
93 %
95
97
Apr
•
60
__
700
84%
Jan
4%
800
2V2
Jan
14
14
14 %
300
8 %
Jan
—
13%
13 %
1
200
500
ft
Jau
1% May
9%
1,500
3%
Feb
9%
Jun
300
4%
Jan
7
Apr
200
5%
Jan
X9
Jun
Jan
27%
Jun
94
1
4%
7.50
—10
3%
25c
9%
5
9%
6
9
6%
9
•
of
Corp
America
of Nevada
Gas
Service
%
:
1
1
,
—
—
*
%
7%
*
7
1®
39 %
%
39%
6%
%
6%
%
preferred
—100
100
prior preferred
*
*
*
5
10
y2
13,700
20
Jun
Jun
200
Feb
Jan
41
Jan
34
3%
7% Mar
Jan
% May
ft Jan
15,900
7%
7
7
Jun
4
Mar
100
7
Jun
Apr
106%
Jan
109
7%
400
Apr
114
Jan
250
101%
Jan-
117%
Jun
1,400
4514
Jan
75%
Jun
100
7%
Jan
13%
Apr
275
8V2
Jan
15
Jun
300
7%
Feb
of Colorado—
preferred
Puget Sound Pulp & Timber
Pyle-National Co common
Pyrene Manufacturing
$6
14%
104
7%
—
Puget Sound Power & Light—
$5
4%
14% May
12% Mar
19
1
common
Prosperity Co class B
Public
...
Mining
Jun
13%
Jan
27%
'
__
•
•
Inc
49
Jun
Apr
8,500
—
Feb
Jan
32 y4
4%
——25
;
1st preferred—
1%
Apr
15%
•
1st
11
Mar
32% Mar
Jan
4%
10
Co
7%
Apr
May
35
Jan
9%
150
14%
9
6%
May
19
Jan
28%
1,600
4%
—
May
8%
Apr
23% May
Jan
15%
•
May
21
6%
31
17%
31%
5
7
Jan
6% May
28
17%
32
Canada
13
Jan
18,400
6Vb Mar
50
jjbommon
Jan
7
6%
6
*
.50
—...:
Jan
9%
'
—
3%
Jan
31
1,400
72%
17%
17
__
1
Meter.—
common
6%
40
__
__
Jun
7% May
3%
•
E RR
3%
•
Mines
8
Jan
73
10
Ltd
Postage
Metals
Providence
National Transit
34%
107 v 107
__
Alexander
Gold
2% Mar
-T
18
Feb
Jan
•
common
common
& Lambert
Pratt
8%
8,100
—
34%
25
Co
Mines
Power Corp of
9
500
11%
__
8
1
pfd
Mining Co
Feb
11%
•
Jun
8"%
•
common...
Scale
44%
—
11%
1114
10
May
28%
34%
—2.50
common...
—
1
preferred
117
3%
50
Jun
Feb
•
50
—•
Tea
Apr,
54
3%
7%
*
Pittsburgh Metallurgical
Pittsburgh Plate Glass
Pleasant Valley Wine Co
25% May
Sugar Refining
19%
20
Pittsburgh & Lake Erie—
Prentice-Hall
National
Jun
12
Jan
7
100
Power 5%
Pitts Bess & L
Jan
27
»
Co
Governor
Jan
National
Apr
Jan
16%
500
'.
•
preferred series A
18
Rubber Machinery
Steel Car Ltd
108
110
50
Securities
15%
National Refining common
113% Mar
48 fc Jan
•
com
Power Co
Packing
Jan
■jj
■
class A
Phoenix
100
National
Jun
115%
Jan '
1
-
Philadelphia Co
Polaris
101
19
*
Pneumatic
—
10114
18%
19
1
400
*
Jun
Jan
107
8%
Pharis Tire & Rubber.
2314
$6 pfd-
101%
103% Mar
Perfect Circle Co
22
& Light
Jun
22 % May
1
1
Co
Mfg
22
Mfg & Stores common
Jan
5%
Jan
Jan
106%
1
Light $7 preferred..
Mfg
23
(Del)
20
25
Sugar Prop common—.
Penn Traffic Co..—
Pioneer
126
&
__
National Fuel Gas
112% 112%
10
common
preferred,
6%
18
Jan
57
1%
112%
2%
17%
91
30
—„
Penn Gas & Elec
Pierce
8V2
—
100% 101
1
A
Phillips
12%
,
21
101
Pennsylvania Edison Co $5 series pfd.*
$2.80 series preferred
*
214 Mar
112,14
14
4%
4%
6%
Z
Corp.
Cent Airlines
Conv $3
•
common
see
625
*
Pennroad Corp common..
2314
For footnotes
67%
6%
*
—
preferred
•
Union
64%
*
Parkersburg Rig & Reel
Patchogue Plymouth Mills
Peninsular Telephone common..,
1
National
4%
Jan
100
Service
Pen Co
Candy Co
Tunnel 4
1% May
Jan
ft
5%
•
pfd
Penn
1% Mar
31
Light 7%
Motors
National City Lines common
S3 convertible preferred
National
Jan
3%
25
preferred...
Paramount
Apr
5%
32
1st
Potrero
5%%
%
100
10,000
%
25
Page-Hersey Tubes common
Pantepe-c Oil of Venezuela Am shs
$6
11%
172%
&
Public
$1.30
Penn
21% May
'3%
Power
Pacific
May
N
National
500
%
•
common
1st pfd
preferred
!
Pacific Lighting $5 preferred
109
Jan
3%
Co
1st
Plough
Power
1%
1
Gas & Elec 6%
5% %
Jun
Jan
5c
10
•
100
•
2%
*
100
Mountain States Tel & Tel
National
Jun
4%
59 % Mar
414
•
National
Apr
9
4%
—1
Pacific
90
Jan
Moody Investors partic pfd
Mtge Bank of Col Am shs
Container
12%
8% May
51 y*
*
Securities-
Pacific
Jun
Jan
*
•
National
Feb
Jan
8%
5,800
300
9
,_50
•
—
prior preferred—
conv
Overseas
Jan
8*
Montgomery Ward A
Montreal Light Heat & Power
Power common
Apr
514
1
Producers
1%
•
1
10
Mountain City Copper common
Mar
?4i APr
Jan
200
National
10%
May
103%
28%
15
Oliver United Filters B
501
24,200
A
19
100%
18%
common
Apr
100
11%
National Breweries
10%
ft Feb
6% May
Jan
Jan
91
5
common
preferred
$5%
90
56
57
9%
Dakota Utilities
Jan
1
57
Jan
1% Jan
200
18%
Hess
50
100
100
3%
Feb
11%
Bellas
2,100
Feb
6%
6% Mar
18%
National
6 %
Jun
2% May
3114 Mar
Jan
500
"7%
214
Apr
4%
200
1
108
Jan
1,400
5%
—
Jan
108
*
6%
5%
:
1/128 Jan
% Jan
1% May
1'
2
1
Co common
preferred
1,200
28%
1C0
1C0
100
1st pfd
Jan
2%
1,900
Molybdenum Corp
States
3,100
10
67
*
19
Monarch Machine Tool
Mountain
3/64
i7.
•
common
preferred
2
3%
2.50
Mock Jud Voehringer common
Mountain
3/64
O
900
Midland Steel Products—
Pictures
Jun
%
4
21
common
Loan Society
70
Apr
1%
10
Middle States Petroleum class A v
Montana
Jan
1%
,—25
Ogden Corp common
143
—
100
1
Micromatic Hone Corp
Monroe
Jun
Jun
42
_5
Corp
614 May
25c
Corp
Michigan Sugar Co
Preferred
Monogram
3%
83
310
pfd.100
preferred.———.,—100
7%
Northern
Jan
11%
•
Scott
Michigan Steel Tube
Mid-West
58% May
Jan
70
Nor Indiana Public Service 6%
314
•
Michigan Bumper Corp
Mid-West
109% May
Jan
1%
Co—50
300
3%
143
Participating preferred
Metropolitan Edison $6 preferred
Midvale
Jan
36%
61
4%
*
Oil
Central Texas
5%
8%
Co
Corp
102%
50
•
Utility Securities
American
1%
--
•
•
—•
A preferred
West
210
76,100
Jan
Mar
11
1
Messabi Iron Co
Middle
May
54
•
s_;
common
prior preferred
~5%
•
Midland Oil Corp $2
23
Jun
2
•
—
v
3%
9
Light & Power common..1
preferred
•
Novadel-Agene
<5
B
Jan
Apr
Jan
%
2,700
16%
5,675
10%
1
Electric
North Penn RR
2%
Apr
500
83
North Amer
Northern
2%
104
68%
5
20
514
Feb
3%
100
16,200
May
52
50%
6%
5
100
39
2,700
Apr
95%
fiS
41%
2,500
Jun
111
3/64
37
1%
12
Jan
102
70
39%
7%
24% May
80%
•
1%
Jan
lp'A Mar
120
108%
108
1
6%
8 % May
3%
10
100
100
Omar Inc—
Class
18%
108
100
Nineteen Hundred Corp B
Merchants & Manufacturers class A__l
Textile
18%
Niles-Bement-Pond
•
6Va%
18%
Apr
57
Mercantile
Metal
70
Apr
Class
5
XX/o i»Vf» nf
101% 101%
2%
—
&
101%
4% May
Jan
Com¬
Dredging
Chapman
40
9%
103
Memphis Natural Gas common
Merritt
110
Jan
__
Marine
common
Participating
109
Jan
—•
McCord Radiator & Mfg B
Stores
110
i6
1%
Feb
Feb
18
100
614
•
&
12
pfd.100
pfd
Niagara Share class B common
Ohio
Mead Johnson
23%
12
3,000
3,150
31
2%
50
23%
2
■
3% May
Jan
28
—
—•
9
7
•'
■—
38%
:
Mass Utilities Association v t c
McWilliams
Jan
1%
2%
Steam Shovel
Massey Harris
IV4
8%
•
Margay Oil Corp
Marion
200
41%
Ltd
Co
2%
1%
—1
Mfg Co
International
Marconi
2%
8%
,
Manatl Sugar optional warrants
Stores——
preferred
Manischewitz (The B) Co
2%
1
preferred
optional warrants
optional warrants
A
20% Jun
M
convertible
Mar
•
;
preferred
Jan
North
$5
Jun
68 %
preferred—100
7%
Niagara Hudson Power common.;
6%
Mangel
21%
Jan
10
Water Service
Jan
16%
16%
Jan
57%
10
N Y State Electric & Gas $5.10
714
2,000
~2
2
13 Va
1,700
2%
preferred
1714
5
common
Jan
%
11%
400
65%
——
Honduras Rosario
5%
5
10
•
100
100
•
1
•
,
Feb
30%
%
—
21%
64%
•
common
Y Shipbuilding Corp—
Founders
shares
N
1% May
4%
15,300
common—
Co
Merchandise
$6
Jun
21
5% Mar
12'/a
~8%
~7%
*
Corp new common
.
% Mar
8%
21%
Jun
Feb
2%
5
Locke Steel Chain
1114
Jan
1914 May
75
20%
20%
—
6%
Jun
9
21%
City Omnibus warrants
300
(Thos J) Inc 6% preferred—.25
Brothers common
Lynch
2
5%
1
(R G) Inc
Material Co
Louisiana
Auction
5%
1
•
•
25
Development
Le Tourneau
Lipton
Y
•
Convertible
Line
N
600
1
common
Lehigh Coal & Navigation.
Leonard
New Process Co
Apr
100
B
Lefcourt
Jun
14%
3%
Langendorf United Bakeries class A—•
Class
39%
Jan
3%
Jan
107'4 May
64%
*
Jan
13%
Jun
Jan
4%
200
Jun
17%
1
814
37
12%
5
preferred
7 Va
7%
49
Jan
87%
40
Jan
*
N
Lane Bryant
101% 102%
-
514 May
25%
--
—
Jan
.
25
2014
35%
13
1
Lakey Foundry & Machine
Corp of Delaware
Lamson
—
•
Co
11% May
5 % May
Jan
1
75
800
48
102%
100
Zinc
&
-
1%
Jun
6
Jan
7% Mar
9%
46%
—
430
36
1
;
4%
3%
4%
—
3%
.v
400
4%
4%
47
;
1900
100
(N J)
__
•
Haven
New Mexico
RR
Mines. Ltd
Shore
—
4%
100
New Idea Inc common
Lake
104% Feb
—
*
Power Associates
New
Lackawanna
—
__
England Tel & Tel
New Jersey
21
Apr
112% May
Jan
—
—
•
New
L
—
—
3
preferred
preferred
$2
12%
-
90
*
Nestle Le Mur Co
14% May
6% Jun
12% Mar
100
preferred
Corp
Neptune Meter class A
6%
100
10
1
••
«...
108% 110
110
100
1st pfd
(Herman)
New England
1st preferred
•.
Co
4%
700
Kresge Dept Stores—
4%
OH
Navarro
13%
•MOT
10
Inc
Stores
U
Jan
9%
•
common
(I B) Rubber Co
Corp common
Kobacker
%
J
116
73 %
—
13%
—
115
117%
73
74%
12
12
13
13%
8%
9
8% Mar
.
9 % May
THE COMMERCIAL & FINANCIAL
2432
CHRONICLE
Monday, June 28, 1943
NEW YORK CURB EXCHANGE
r/ft
''ft,.
STOCKS
Curb
York
New
Ended
Week
Sale Price
STOCKS
Shares
of Prices
Last
25
Sales
Week's
Friday
^
Exchange
June
New
Range Since January 1
for Week
Range
York
Curb
Week's
Friday
Last
Exchange
Week Ended June 25
Sales
for Week
Range
of Prices
Sale Price
Shares
Range Since January 1
'
Low
Par
Low
High
High
6%
preferred
Quebec
Power
100
*
:
Co
150
153
(S)
20
15^
70
Jan
21%
High
1,700
%
Jan
100
12%
Jan
13%
Jan
20%
7%
.
,
Jan
11% Mar
17/b
Jam
18%
19%
1,600
4%
5% %
convertible preferred
Superior Port Cement class B
Swan Finch
207/b
Low
%
19%
~4%
~5
7,700
47%
i
47%
Sunray
Feb
156
Feb
146
High
%
207/a
—
Machinery
Ray Drug Co
Oil:
Sun
Mar
92
%
5
Corp
Co
Sullivan
10
87 %
87%
•
(Hugo)
Stroock
Q
Quaker Oats common
Low
Par
Stinnes
50
50
43
5%
Jan'/
12% Mar
com—
Oil Corp
1% May
21% Jun
15
Jun
49 % May
14
.
8% Mar '
Jun
Apr
9 % May
• -
R
1%
1%
1%
11,100
3a
Voting
■
7%
Jan
Jan
13%
10
1
10
•
common
Packing Co. common.
Raymond Concrete Pile common
preferred
Raytheon Manufacturing common__50c
12%
Stix
Richmond
Cable
Rome
Corp
~4%
13%
13%
14
9%
9%
2%
%
%
Typewriter
Royalite Oil Co Ltd
15%
—
Aeronautical Co
Ryan Consolidated Petroleum
Ryerson & Haynes common
13%
Jun
1%
Jan
%
13%
Apr
ft
Jan
3
5% May
Jun
14
300
7
Jan
9%
1,600
1%
Jan
Va
Jan
32
104
Apr
May
.200
91%
Jan
13
Jan
17
7%
Jan
10 Va
2%
60
Jan
4
Jan
5% May
Apr
Jun
9%
500
* -!■
to 1 i
CG
2%
Jan
18% May
150
49%
Feb
69
19
■
~3%
Feb
22
03"
66
'"£%
66%
~5%
~5%
400
3%
•
Mar
Jun
—
20%
Apr
6%
Apr
4
4%
1,300
3%
Jan
5% Mar
5%
300
3%
Jan
6% Mar
1%
1%
600
is
Jan
&
Power
common...
Light 7%
Co
& Construction
&
5%
1
...
Realty
Tobacco
—
2
.
common
Roofing Inc
Tishman
Allied
...
112
Jan
4%
%
22%
Jan
Apr
6% May
2% Jun
Jan
2%
Jun
5% Feb
u.
Jan
43
60
2,000'
Jun
Mar
13% May
Mar
3%
100
5%
5%
24
Jan
17%' Jan
1,300
59
5%
——
102
—
450
1%
58
59
«
6%
700
6%
1%
mm —
«
Exports
—
5%
21
6%
1
...
Stocks
Product
4%
~~ioo
pfd
Oil & Land Co
Shovel
Tobacco
59
Feb !-
Jun
5%
Jun
Tobacco Security Trust Co Ltd—
Amer
dep rets ord regis
Amer
dep
Todd
def
recs
•
preferred
400
10'/a
Jun
3
May
67
Jun
53
3%
Mar
107%
Jun
Mar
112
Apr
ft Jan
1
2,400
3%
3%
v
1,800
1%
Jan
4
1,200
6%
Jan
16
15
14%
15
...10
Jan
102
10
%
\i
.1
Corp
Feb
107
107% 107%
1
Transwestern Oil Co
Feb
♦
May
Jun
Vi
n
700
aa
Jan
~8%
~8%
~8%
400
4%
Jan
10
Apr
60%
warrants
59%
61%
350
Jan
64
Jun
—
1% May
•
Trunz
Inc
Tubize
Chatillon
Class
66
Jan
1%
200
100
_
Tri-Contlnental
2
64%
"100
Tonopah> Mining of Nevada..
Trans Lux
2
2
•
Shipyards Corp
Edison 6% preferred
7%
6%
__
——
reg
Tolodo
.
Jan
5%
4%
17% Mar
2,400
Feb
16
—
1,000
12%
3% May
15%
15%
3% Mar
22
11%
Tilo
Apr
9% Mar
800
21%
12%
Texon
Jun
Jan
21%
4%
21%
Thew
Apr
27
400
I
1
•
1
Ryan
Jan
9%
9%
—
20
*
*
2'/a
Russeks Fifth Ave—,
2.70C
102% 103
1
Co
$1.20 convertible preferred
Jan
%
4%
*
*
Texas
Mar
2%
1
Technicolor Inc
Mar
51
2%
5
Royal
19
Jun
1,000
.
ft
5
common
Jan
700
~4
~4%
*
Field Inc—
Petroleum
Root
700
ft '
Taggart Corp common
Tampa Electric Co common
Jun
Va Mar
13 Va
300 r
27%
26%
ft
pfd D——100
Pendleton Inc
Roosevelt
3,600
14
49
10l/4
*
1
1
Rio Grande Valley Gas Co v t c
Roeser &
1%
—
1
1
Dry Goods
Radiator
Rochester Gas & Elec 6%
12%
1%
5
Republic Aviation
Rheem Manufacturing Co..
Rice
1,000
20
11%
27%
Reiter Foster Oil Corp..—————50o
Reliance Electric & Engineering
17%
50
—
—J*
Roller Bit Ce——
Reed
17%
—
—1
Bank Oil Co
14
49
17%
$3 convertible
Red
Jun
I
Railway & Utility Investment A
Rath
2%
Jan
650
%
Radio-Kelth-Orpheum option warrantsRailway & Light Securities
Corp
1
A
39
5
4%
5
700
1%
Jan
5 % May
—
9%
9%
300
6%
Jan
10% May
1
Tung-Sol Lamp Works
80c convertible preferred
2% May
_•
U
*
Realization
Ulen
Ltd
pref
8t Lawrence Corp
Class A
St
$2
conv
•
preferred_H
Mills———
Savoy
Co
,
6%
6%
1%
—*
$6
Scullin
Steel
-'i-i-' "'** •'
•*■••••'
Bros
Co
•
common.
^
-
.
•
Selected Industries
United
Aircraft
Apr
United
Chemicals
2%
Apr
$3
Jun
United
Cigar-Whelan
United
Corp
Jan
35
%
Jan
1%
Apr
United Gas Corp common:
Jun
Jun
preferred non-voting
warrants
United l ight & Power common A
Jan
25 %
Jan
30%
23
40
17%
Jan
26
50%
20
11 Va
12%
1,100
£8
Jan
13
% May
2%
2%
2%
33
36
1
9%
8%
1
Jan
1
1%
9Vs
25
68%
Convertible stock
$5.50 prior stock
z
17
44
1
1
Seton Leather
Shattuck
,
common—!
5%
Silex
Co
2%
Jun
:
U
■
Jan
Jan
50
Jun
Feb
37
Apr
80
Feb*
90
May
%
Jun
preferred
participating
United
Molasses
•
•
—
Ltd—
Co
340
43
Jan
46% Mar
5%
5%
5%
5%
6
Jan
3
17
May
1% May
10
Amer
68%
550
51%
Jan
71
50
52%
Jan
70
May
%
100
ft
Jan
regis
Profit
Preferred
.
common
——
4
3% Mar
—
250
Feb
2%
May
Jun
255
*
ft*
Jan
%
Jun
Feb
4%
Jun
May
66%
dep rets ord
Sharing
10% preferred
United Shoe Machinery
May
66
100
3% Mar
Jan
% May
United Specialties common
4%
Jun
7
S
U
Foil Co
S
Jun
U S
1,600
12
loO
Securities
$5 1st preferred with warrants..
4.
16%
Apr
U S
<Jan
Jun
U
S Radiator
:Jan
92%
Apr
U
S
111%
Apr
117%
Jan
12% May
United Stores
13% Mar
United
2%
.
Jan
21% May
1
224
20
225
3%
3%
100
10
105
Jan
175%
Jan
22
May
2% Mar
241
Apr
3% Mar
5
Mar
Jan
105
Jun
96
4% Mar
3%
4
3%
4
4
3%
3%
46%?
1,900
200
47%
6,200
400
Jan
2
Jan
4%
2%
Jan
4% May
Jan
6
Jun
2%
3%
2%
17/b
3%
Feb
4
May
37%
Jan
28% Mar
Pa
60
42
42
30
31 Va
500
29 Va
30
400
Jan
40
29%
Jan
Jun
Wall
Jan
30%
Jun
3%
3%
200
1%
Jan
3%
Jun
•
1%
2
200
1%
Jun
2%
Feb
__
50c
common
%
%
2
Paper
Consolidated
Universal
2%
31% May
30
Jun
Jan
2
May
Mar
121%
Jun
5%
Apr
4%
voting trust ctfs
Universal
Pictures
17%
19%
l
7%
Jan
6%
Jan
800
1%
Jan
4
50
Jan
28
Feb
Apr
1
Jun
3
27%
23
Utah-Idaho
Co
Radio
2%
$5.50
57%
58
Products
Utility Equities
4%
'
%
100
1
Jan
14%
45%
58
72%
72%
66
Va
3
May//:63% May
Feb/
4%
Jan
Jun
'
2% May
75
Jan
49
25
73
Mar
20% May
Jan
2
200
4%
-
stock
/
Jan
350
20% May
Jan
2%
,
Jun
2% May
19% May
Jan
Jan
50
2%
10c
common
priority
Apr
2,300
20
20
Sugar
Utah Power & Light $7 preferred.
Utah
Apr
7%
Feb
43%
common
Universal Products
...
1
...
Valspar Corp common.,
$4 convertible preferred
5
1%
1%
26%
26%
Vogt
2,700
7
66
~9%
«
Manufacturing
%
25
7%
1%
~7%
Petroleum
Venezuelan
1,500
67
9%
Jun
4%
9%
7%
100
30
Mar
7% May
Jan
71
Jan
44
50
1% May
Jan
Jan
18
May
9% May
Jan
W
Waco
Aircraft
Co
8
Jan
5%
Feb
8
Apr
£
8
-
1%
preferred
5% Mar
3%
100
86%
Apr
90
Apr
7%
Feb
9%
Jun
1%
Jun
—•
Wagner Baking voting trust ctfs ext..*
,
1
9%
3,200
3
13
15
May
27%
10 Va
2%
19%
Insurance
ft May
Jan
Feb
1
B
Universal Corp
Jan
Feb
1%
11
&
Apr
10% May
200
2,200
8%
9%
ft
1,700
2,600
10
5Va Feb
J
8%
%
3
Cooler class A
Class
Oil
Jun
Feb
115
10
28
1
Reclaiming
Virginia Public Service 7% pfd... ::w
—
Jan
1% May
80% Jun
43% May
%
—
Jun
Jan
49% Jun
32
28%
class A—25
—
Jun
9
60
575
20
common
Rubber
Universal
105
Apr
6%
2,700
79%
78
*
Plywood $1.50 conv preferred
Universal
•
1
5%
Jan
Jun
10% Mar
"I
*
Jan
Jan
%
100
2,400
5
common
and International
4
2%
7%
1
—_1
class B
Graphite
12%
3%
11
1
Jan
%
21%
4,000
46%
—•
—
ii May
%
3,800
%
46 %
1,600
70
preferred
..
—
—*
Spanish & General Corp—■ v
,•
->
Amer.dep rets crd bearer.—.—...—
'49
46%
9%
115% 117%
1st
,
25
7%
117'A
Phosphate Co————10
Southern Pipe - Line——————10
Southland Royalty Co—————5
Spalding (A G) & Bros—————1
47%
72% May
——100
Southern
49
Jan
14
preferred ———————.—-100
Southern New England Telephone.^100
i
•
3,800
29%
•
63
83
30
18 May
425
200
Southern Colorado Power
Jan
71%
Jan
%
13,700
700
preferred
Jun
122 Va May
Jan
is
70%
1%
16 %
original
115
71%
1
13 Va Mar
91%
25
6% preferred B—....
—!—-25
5 % % preferred, series •-C—
25
5%
1,100
May
4%
Jan
100
Pipe Line—...—_—10
Southern California Edison—
Southwest
800
%
%
ft
ft
ft
16
25c
10
25
5
3%
%
19,400
120% 121%
121
•
B
4
ft May
Jan
United NJRR& Canal Co
50
4
224
3%
3%
ft Jan
10
United
3%
Simplicity Pattern common——1
Manufacturing Co
100
Singer Manufacturing Co Ltd—
Amer dep rets ord regis.
—fl
Sioux City Gas & Elec 1% pfd—.100
Solar Aircraft Co
——...1
Solar Manufacturing Co
1—-1
Sonotone Corp.———.
1
Boss Manufacturing common
1
South Coast Corp common
1
South Penn Oil--.—-—
25
1,300
1% May
Jun
16
Singer
""%
Jun
Jan
Jan
Feb
89%
....
"ft
16%
%
14,700
1%
3%
preferred
1%
57%
9%
91%
convertible
class
14 % May
Jan
Jan
Jari
Jan
Simmons-Boardman Publications—
$3
1%
1%
•
United Milk Products
Jun
36
%
•
6%
1,300
12
1
...
preferred
1st
11%
Jan
5
•
common
11%
%
25
Sherwin-Williams of Canada
4% May
7% Jun
4%
pfd series AAA
cum
Jan
3,900
common
Mining—
Denn
5
12,600
•
Shawinigan Water & Power.
Sherwin-Williams
200
•
$7
Common
U
Safety Control
Serrick Corp class B
Sentry
7
Feb
66%
.
7
29%
1,200
1%
9%
17
200
Feb
May
7%
3
Option
May
Apr
1,600
warrants
United Elastic Corp
1st
3% May
4%
11%
10c
2,800
22%
3% May
Jan
57%
Stores..
2% Jun
50%
3b
1
15% May
200
Jan.
1%
*
common
Jan
$6
12%
Products
Jan
38%
2
& participating pfd__
cum
%
225
1,200
1,100
—•
12%
29
23
1%
Inc common
;
Jun
8
38%
a-—1
•
•
.—.
—
Allotment certificates
137
tV Jan
3
3
4
7
*
—
300
1%
28%
.5
Co——
Shoe
Jan
2%
"
38
Canada..
Union Investment common
$3
1
Seiberling Rubber common
Selby
1%
Gas
10
500
15%
38
of
.
Inc..——
&" Hardware..—
Lock
Segal
1%
Brook Water Service—
....
•
Securities Corp General—:
Seeman
'
15
4% May
Manufacturing Co
27/b
3
4%
—10c
Unexcelled
Jan
115
400
2
2
15
*
common.—
preferred
Jan
•
Electric $6 preferred
Lace
5,600
1%
24%
—5
common——.————1 '
Convertible preferred——'!
—25
Scovill Manufacturing.
..—25
Scranton Spring
100
2
common—
Scranton
23,300
7%
1%
(D A)
Scranton
3%
1
Oil Co—
Schiff
3%
130%130 %
—100
Sanford
Schulte
37/b
common———1
———*
——
United Corp
May
2
Corp
Union
__5
Salt Dome Oil Co
Samson
Apr
50
Regis Paper common
7%
1%
27/B
3
1
Udylite Corp...,
■
.100
__
'
Amer dep
rets ord regis.;—
•
*
2.78
Standard Cap & Seal common.—...1
Convertible preferred
10
Spencer Shoe
Corp.
—
Stahl-Meyer
Inc
Standard Brewing Co
convertible preferred
Standard
Oil
Standard Oil
20
—10
100
1
(Ky)
(Ohio)—5% pfd
Standard Power & Light
Common class B
Starrett
s
class
Tube
Jun
Apr
%
5%
18
Jan
1
ft: May
500
2%
Jan
200
5%
17%
18
*2%
2%
12%
Jan
200
& Co
16%
16%
17.
1,300
113
113
50
%
1*6
1
8%
8%
800
7/32
ft
ft %
2,200
5%
2d
preferred
6%
Wayne
Knitting
Mills
May
2% Mar
Wentworth Manufacturing
West Texas
West
17%
Jun
Western
Air Lines
Jun
Western
Grocer
113
Coal
Va
~4%
~4%
300
%
Apr-
600
ft
Jan
14%
100
11%
Jan
3%
1,100
2%
4%
ft May
43
Apr
9% Mar
Coke....
&
3%
'3%
'*"4%
4%
Ills
Inc
9
8%
9
—
Western Tablet
&
7%
*
Wichita
Jun
Williams
12%
Jun
Williams
Sterling Aluminum Products
Sterling Brewers Inc
.1
1
River
(R
Oil
C)
16%
—
11 Va
-.-4
3%
10
.
Co
11%
4
•
common
page
2433.
*6%
6%
Power
Jun
Wolverine
Portland
7%
Jan
10
300
6%
Jan
12% May
2,300
1%
Jan
4
Jan
1% May
50
2%
Jan
Oil-O-Matic
Wisconsin
50
7
Jun
May
;
i
9
~9%
Apr
Willson
Products
"9%
•
~8%
"9%
Heating
Light 1%
Cement
1%
108
103
108
10
Wright
deposit
receipts
Hargreaves Ltd
Jan
Jan,--.
«
..
ft
•.
*
"2%
9%
10
2% ft3.ft..:
Mar
26
May
15% May
9%
Jun
7 % May
9%
Jun
4% Mar
12
108
May
Jun
4% Mar
•
Jan
7
6%
300
2,400
.
Feb
Jan
10
Jun
2
Jan
4
Apr
;.ft 4
'
—5S
Jun
108
ft 3%
__10
Woodley Petroleum
Woolworth (F W) Ltd—
American
Jan
9
.W-;
pfd. .100
Jan
7% Mar
200
/
_•
Inc
&
Feb
May
18
Jan
Feb
5%
550
10
95
Jan
14%
200
5%
—1
Corp
&
4% May
x38% Mar
H
10
1 " :
Inc
Jan
10% May
11% May
22%
16%
"~20 ft
Inc
17/b
Jan
Jan
Apr
13
Westmoreland
com..
Coal
2% May
Feb
May
'6%
67
1st pfd. .100
Stationery
Westmoreland
Jan
2%
Mar
106
5%
1,700
4
Jan
Jan
9
300
—
1
-20
5
Jan
4
*
....
Co
Western Maryland Ry
Feb
35
ft May
14% May
A May
is
ft; Jap
200
%
Oi CO cr
.1.25
Utility $6 preferred
Apr
% May
900
1%
%
%
3
Weyenberg Shoe Mfg
"1%
1%
14%
nil
Co
16%
Jan
Jan
"l%
Mining
6% May
18
Jan
Jan,
_
Class B
Walker
1%
;
~i%
,_20
For footnotes see
3*a
A
50
Co
Jan
9
1
preferred
B)
Jan
•
cl&ss A
Waltt & Bond
•
1st
(J
12%
110
2,500 '
common.:
6%
Stetson.
Jan
Jan
16%
8%
1
B
faterchi Bros Stores
Sterling
1%
13
(The) Corp voting trust ctfs__l
(A)
4%
2
a.
—1
Steel Co of Canada
Stein
Jan
Jan
•
Products Co
Standard Silver Lead
Standard
2%
1,600
*
.
Preferred
Standard
~3% ~3%
% May
Jan
Va
3%
Standard Dredging Corp common_____l
$1.60
Va
-.
ft
May
.
..
Last
Interest
Period
Week Ended June 25
Friday's
or
f
deos
Writing
Amer
Paper
6s
Elec
Low
J-J
104%
114
94 Vz
4
94 >/4
7
88%
Y
& Gas 33/4s
108 Vi
J-J
71'/2
Af-3
94%
13
106%
124%
126%
Ogden Gas
27
107%
109
Ohio
69%
71%
97
46%
72%
21
5
143/a
25%
13%
25%
108Vi 109
j-j
1st
j-.
deb
4>/2s
.1949
j-j
21'/a
2074
217a
59
.1950
F-A
217a
207a
217a
60
13%
A-O
21%
2074
217a
95
-:127a
25%
Pacific
.1977
F-A
2174
2074
217a
5
14
253/a
Park Lexington
81
81
81%
17
72%
83
Penn Central
High
111
107
115%
82%
112
105
115%
16
547a
82 %
25
Y:
1067a
109%
f
$1053/4 1067a
vv-/f '
1.05% 106
:
109% 110,
1093/4
f
15
1077a
110
1057a
$10674 107
107
111
110% 111
A-O
F-A
4
109%
107% 107'A
111
F-A
3
1007a 109
100%. 101%
25%
.1968
.
January *
Low
—
1067a 107%
A-G
Ohio Public Service 4s____.___._19 62
Oklahoma Nat Gas 3%s B
Aug 1955
Oklahoma Power Si Water 5s
1948
1948
113
81
82%
Af-N
A-O
1971
3s
Range Since
No.
•
1067a
1968
...
Bonds
Sold
insy*''.-
^
>7
1945
mtge 37»s
1st
mtge
'
•
High
$111
F-A.
1st
Power
J-J
.
•$1C672 1077a
at
ji/q-- V
109
$124% 127
108% 108%
4V2S
AConv deb 5s
5s
A Debenture
;——
5'/as..
deb
.1955
Light 4%s
Atlantic City Eiec 37is
Gas
& Sons
Avery
without
5s
M-S
.1955
Assoc T & T deb 5'/2s A.
Atlanta
•
J-j
107
Convertible
Bell
1964
M
M-S
$107% 109
109
109
106 3A
.1947
—.1950
6s
—
-
of Canada—
1957
Af-N
6s
1998
—
Birmingham Electric 47as
...—1968
—
Af-S
1970
5s
Power
Broad River
—1954
—
$104
A-O
Edison1 2%s__
Boston
114%
116
5
117%
119
11874 118%
$150
Q-F
1962
6'/2s
127%
16
115% 116
J-D
1960
Bickford's Inc
HOo
108%
112% 113'/a
Af-S
series B
Bethlehem Steel
109
99%
3 '
109-
$10174
j-d
C
5s
series
Northern
111 El
Central
1948
1954
5s
Elec
States
jACentral
5s_._—1953
1964
Power
Gas 3%s—
&
A5%s
1953
1927
Central States P ft L 5'/2S—.-
5s ctfs
§ A Chicago Rys
1952
Cincinnati St Ry 57as A
1955
Cities Service
5s
Jan 1966
Conv
deb
5s
1950
Debenture
5s
1958
Debenture
5s
1969
Cities Service P & L 5'/2s—.
1952
B
series
6s
102%
105'/a 106
12
104
103%
105Vi
106
J-D
103 Vi
1031/4 103%
45
101%
103%
M-S
104 %
104 % 104 Vb
1
103%
105
Consol
1st
rel
rcf
mtge 234s
90
13
39
M-S
36
35
36%
177
13
100
100
100
3
100
55
74
J-J
F-A
54
1956
M-N
$111% 112
A-O
$112
Af-3
$90
'
Power
Gatineau
J-D
J-J
$104
--
series
A7s
C
1
E
103
11
85
79
29
83
103%
967a
101
103%
79
90
873A
77
151
99
1st
6s
L
&
P
F-A
Af-S
—.1989
M-N
A-O
805/a
A-O
F-A
J-D
803/4
8s
(stamped).
,
May 1948
,1051
i—Dec 1 1966
stamped.
6s
Conv
6s_—
Debenture
6s
104
106%
Stinnes
103
10674
51
52
105
9874
19
913A
9874
J-D
M-S
96%
95%
97
46
Af-S
82
78
82
10
987a
997a
15
1967
1953
1954
1956
May 1957
98
A-O
1047a 105
J-J
10O
6s—
J-J
3
97
105
100
2
93%
90%
57
91
1087s
J-D
$100
$87
947a
58
98%
1013/a
J-D
587a
J-J
Af-N
587a
--
A-O
257a
107
<
$1077a 108%
1957
—1952
1952
Gas
107
7374
80%
817/a
80 7a
807a
807a
United
Light
587a
24 3A
1117a
62
•74
22
64%
82%
I
81%
18
05
82%
;
8174
40
657a
8274
81%
4
05%
82
-
""
803/4
v
813/4
44
05%
81%
10
64»/a
29
30%
10
24
17
17
20
1 J-J
2
82
>82
32
,
121/8
15
16%
10
25
13%
108
99
10874
31
1057a
7
1077a
5
111
25
Wash
9474
101
West
103
West
101
89%
89%
90%
9
8074
9074
80
1053/4
$108% 109 %
A 5s
1087a
29
F-A
29%
18%
$28%
Af-S
105%
84%
53%E
8
A-O
F-A
2
106%
109
1013/4 10274
89
96%
117% 117%
14
973/4
6
102% 1047a
32
102
A-O
117%
977»
(Delaware)
64
J-D
Af-S
109%
74%
36
9774
104%
.1954
M-S
.1951
J-D
$1097a 112
1083/4
10974
-1964
J-D
$1093/4 1117a
109
1103/4
Power 37as
Electric
Penn
1033/4
1948
1947
E————1971
1A York
Rys
AStamped
1
64
22
46
1774
20
107%
109%
106%
106%
122
123
$100% 111
A-O
$107% 107%
112% 113
108% 109%
109 Vi
108% 110%
124
A-O
98%
86%
A-O
$108
109
102%
1087a
$110
114
110
11874
mmmmmmmmmrn
F-A
98
98
83
83
53
J-D
100%
$111
15
111%
100 %
112
$101% 102%
57% 57%
102'A
10272
49
62 3A
108%
108% 109
105% 106
7
105%
109
7
103 Va
York
Curb
107%
106% 107%
2
106%
109
J-J
106%
106% 107
103%
1077a
Af-S
35
$110% 112
Af-N
Friday
Last
Week's Range
or Friday's
5s
F-A
22
110%
22
102
13
22
3
13
11074 11074
J-D
M-S
11574
a-o
101 3/4
98
6374
83
95
733/8
95
A
External
ALlma
City
1
115% 1153/4
98
& Waterways—
6%s" stamped
Low
NO.
$52
557a
F-A
150
54
1952
J-J
$12%
20
19
19
30
233/4
6'As stamped.1958
M-3
M-N
1951
J-D
__
AMaranho
AMedellin
127a
1073/4
114
7s
stamped
7s
Mortgage Bank of Bogota 7s
Alssue of May 1927
A Issue
A
of
Oct
30
1931
1972
15^
20
31
4
20
35
24
2
1674
24 3A
32
36%
7s
1958
M-8
672S
1959
49
J-D
26
ARio
de
ARussian
A57aS
1107a
(State)
Janeiro
-
1919
J-J
333/4
/
10
6 3/8
672
497a
1
22%
35%
17
30
102
6%
2%
9%
21
7
67a
20%
45
5
333/4
277a
6%
J-D
1921
672S
Government
—
49
267a
33%
35
18
25
49
J-J
Mortgage Bank of Denmark 5s
32
118
—-
527a
117a
$36
J-D
527a
1
$36
A-O
1927
Mortgage Bank of Chile 6s
23%
42
10
__
1947
Af-N
52
1474
44 %
1
207a
M-N
High
46
..
--
207a
J-D
1958
(Peru)
152
1.52
J-J
113
102
2%
9%
1177a
39
9774
'V—
1123/4
1147a
140
497a
687a
17
507a
673/4
85
101 3/4 102
A-O
Range Since
January 1
Sold
High
1953
.....
Bonds
Sale Price Bid & Asked
Period
.......
AParana
102
F-A
85%
75
11
92
91
Interest
Exchange
Agricultural Mortgage Bank (Col)—
A 20-year
7s
April 1940
A 20-year
7s
Jan 1947
Bogota (see Mortgage Bank of)
ACauca Valley 7s—
.____-.-~.1948
Danish 5 %s„_
.*
1955
106%
J-D
J-D
3
.
110%
109%
109% 109%
57%
5
93%
$917a
J-D
.1947
5s stpd
Co
98
F-A
.1937
Week Ended June 25
987a
108
$100% 102
Af-N
24
4%
J-D
BONDS
New
Extended
J-J
233
20%
.2030
5s
64
$112% 113%
Af-N
1047a
Foreign Governments & Municipalities
41%
$123
Af-S
96
.1960
5s
Traction
Penn
108%
16%
J-D
98%
98%
debs
Income
85%
J-J
F-A
117%
95%
Af-N
29%
5
41%
108% 109%
109
10274
2022
'54%
M-S
J-D
116
series A
29
14
105% 105%
39%
J-J
68
85%
53
85%
J-J
112%
112% 1123/a
29
19
32
17%
J-J
91
1113/4
1123/e
29%
16%
J-J
85
4
1067a 1067a
J-D
J-D
29%
16%
4s
29 %'
29%
J
Union—
6s unstamped extended to 1959.
6s stamped extended to 1959...
115
17
$28%
J-D
11574
1093/4
27
90
91
1952
1949
91
1073/4
109%
100
Western Newspaper
907a
112
114
3
1093/4 109 3^
9674
F-A
Water
19
7
99
Waldorf-Astoria Hotel—
106
90%
983/4
1944
gen
6s
99%
5
101
:
11574 115 74
4'As
&
Ry &
$102% 103 Vi
109% 1093/4
99
108%
& Power Co—
Debenture
lien
Wash
101
/■
Elec 4s
1st
302
Af-S
J-J
M-N
J-J
F-A
J-J
Utah Power & Light Co—
107%
60
A-O
1960
1950
2022
1979
1968s
1959
5'/2s_1952
United Light & Railways (Maine) —
6s series A
1952
107
104% 105 Vi
___■
1946
1st lien & cons 5%s
99%
lll3/4
N
United Lt Si Rys
104%
105%
M-N
1017a
108
J-D
$112
Electric
10
106% 106%
50
683/4
102
'
$11374 1187a
J-J
M-S
6874
677a
687a
6874
67
6874
1950
Af-N
6874
663/4
683/4
1961
1948
M-N
-w
a-o
937a
1954
J-D
957a
Nov 1949
J-D
-
$ 10C 7a 1087a
913/4
947a
10774
157
933/4
957a
76%
118
82%
8
1027a
•No par
r
Cash sale,
value,
x
a
Deferred delivery sale,
A Bonds
-
Odd-lot sale,
///.
n Under-the-rule
sale,
...
' '
being traded flat.
Abbreviations used
957a
106
e
transacted during current week.
{Reported in receivership.
933/4
above—"cod," certificates of deposit;
"w
1," when Issued;
"cons," consolidated;
"M," mortgage; "n-v," non-voting stock; "v
"w w," with warrants; "x w," without warrants.
tive; "conv," convertible;
104% 104%
d Ex-Interest,
Ex-dlvidend.
$Friday's bid and asked prices; no sales being
109
Service—
96% .104
4
73%
29
City Rapid Transit 5'/2s
United
17
106%
101
Twin
93
107
J-D
Public
72
10874
99%
Danzig Port
Suffolk Ltg 5s
1945
«A National Public Service 5s ctfs—1978
Nebraska Power 4Vis
1981
6s series A
2022
Nevada-California Elec 5s
1956
New Amsterdam
Gas 5s
1948
New Eng Gas Si El Assn 5s
1947
6s series A
"4
102
101
"•'
80
3%s
Edison
91
99
J-D
A-O
Nassau &
Orleans
52%
1069/4
v-
793/4
5s
5s
Power
Water
82
88
1107a
5
15
90
——
AIncome
95
69
67
687a
deposit
Service
111
19%
10
108% 108%
A-O
90%
1955
1955
1957
Debenture 5Vis
108%
105
81
A
series
6s
Toledo
44
--
99
99
A-O
-A-O
$23%
99
—
F-A
G—-.—....-.....-.3.1965
1945
A Midland Valley RR 5s
1943
Milwaukee Gas Light 4Vis
1967
Minnesota P & L 4Vis—.
1978
1st & ret 5s
————1955
Mississippi P & L 5s
—1957
Mississippi River Pow 1st 5s——--1951
New
1067a
103
;
803/4
Texas Power & Light 5s
*
5s
1067a
1057a
;:>
F-A
A-O
.1940
stamped
Electric
Texas
98%
78
8
11174 11174
J-D
J-J
series
^eb
/
F-A
2nd
7-4s
100
100
F-A
1952
1970
England Power 3Via
England Power Assn 5s
105
1037a
102%
1957
.1950
(Hugo) Industries—
stamped
Stinnes
Tide
Af-N
Middle States Petrol 6%S_.
Conv
1037a
1067a
McCord Radiator & Mfg—
New
1
23
'
(Hugo) Corp—
3d
7-4s
107%
10474
(stamped)
1942
Lt 3Vis
1965
Kansas Electric Power 3 Vis
1966
Kansas Gas & Electric 6s
2022
Kansas Power & Light 37aS;
1969
Lake Superior Dist Pow 3'/2s
1966
Louisiana Pow & Lt 5s
——.—1957
New
1043/4
1957
6s gold debentures
Standard Power & Light
4
14
Jersey Cent Pow &
4s
93
105
ICO 7a
:
Low
6s
stamped
Mengel Co cony 4Vis
Metropolitan Edison 4s
857a
1C0%
53
$1043/4 10574
F-A
.
131
102
'
10574
$105
1970
2022
AStarrett Corp lnc 5s
$52
IW-'VX
93
10474 10474
1951
903/4
f
131
—
-
$1063/8 108
105
10574
105
J-J
Rys 4s
124
21
—-1957
Debenture 6s
——.1952
Iowa Power & Light 4Vis
1958
Altallan Superpower • 0s——
1963
A Jacksonville
79
-
927a
May 1948
Indiana
Certificates of
M-S
,
108% 114
•
$60
1971
mtge 3s
21
1067a
1297a
$128
J-J
Edison
123%
106% 107
Sec—
(Aug 1941 coupon)
F——
A7s (July 1941 coupon)
Interstate Power 5s—.—
9
5
90
J-J
M-S
A-O
5s
Power
California
1
1237a 1237a
M-S
1958
1950
series
90 3/4
110% 110%
J-D
6s—
Wyoming Coal
Carolina
Debenture
1047a 105%
Jan 1949
A "7s
A 7s
106
138% 154
.
1037a 105
Spalding (A G) deb 5s
Standard Gas & Electric—
106 3/a
1966
——
.10374
10
1037a 10474
Southwestern
105
—1948
1941 COUP)
.....
_
103%
104
8274
211
967a
9574
82
103%
1963
Power
(Dec
.
1047a
1233A
J-J
1958
& ref 5s
,
A-O
1013A
—
J-D
1941
1950
AIndianapolis Gas 5s A—
Indianapolis P & L 3'/4S
91%
110
6
A-O
A-O
Southwestern Gas & Elec 3'As
1965
Hydro-Elec 5s
Service 5s
112
1105/a
.1978
f deb 5Vis—
112
1067a
106
106
148% 149'/a
1970
1087a
__il966
..1954
.1969
.1953
33/4S
1107a
25
1097a 110
1097a
1951
1967
i
D
series
121
10474
•
$122% 124
96%
.
1007a
77
Af-S
6s
1097a
A—.
1057a 106
Lt 1st 6s ser A
1st & ref 5Vis series B
1st & ref 5s series C
97%
111
'
.
114
91
J-D
Estate
1057b
1
no
106
A
Sheridan
Southern
110
$108 7a 10974
J-D
1057a
—Jan 1949
series
Southern
106
Pwr &
A6Vis
98%
120%
Af-N
series B
A6Vis
86
119
$119
Af-N
Af-S
Hygrade Food 6s ser A
{International
Southern
.1952
Houston Lt & Pwr 3!/2s—...
1st lien
95%
98
1945
Indiana
85
887a
5s
.107
1947
—1957
3si—1965
California Gas 3'As
1970
Counties Gas (Calif)—
Southern
967a
1950
1963
S
South
94
887a
Pow 334
Products
Guantanamo & West 6s
5 A Guardian Investors 5s
Indiana
94%
84%
97 3A
Grocery Store
Power
83%
9
887a
Green Mountain
111
24
F-A
SAGobel (Adolf) 4%s ser A
West 4s
Great Nor Power 5s stpd
Idaho
209
93%
Af-S
Grand Trunk
6s
95%
84%
95%
1956
2030
—1956
33/4S
105
1951
Real
4'/2s
1st
94%
J-D
Coal 4s
Alden
Glen
98
93
95
A-O
12
Georgia Power & Light 5s
5
111
io5
993/4
1952
Joaquin Lt & Pwr 6s B
San
Scullin Steel lnc mtge 3s
3%s_~ —:—;.i-1955
Pub Serv
General
110%
115
A-O
1979
Shawinigan Water & Pwr 4%s
96 %
1961
10774
111
1067a 107
M-N
—1952
A
104%
89
96
T
series
Harbor Water 4'/2s
103%
M-S
stamped
6s-5s
57%
5%s
Safe
103
96
Florida Pow & Lt 5s
10974
7
14
Queens Borough Gas & Electric—
100%
J-D
Florida Power Co 4s ser C
108
10£T% 1107a
11374 11474
J-D
J-D
,
5
Residential Mtge Bank—
Finland
100%
45%
91
Service 5'4s—___i.1954
Federal Water
certificates
perpetual
2
108
108
Jersey—
3
95%
El 5s
District
Empire
New
104
94
& RR 5s.
of
Service
102
J-D
Elmira Water Lt
1964
1949
3Vis
Sinking fund deb 4s
1st mtge
Public
'
108
37
Colorado—
Public Service Co of
100%
94%
Light 5s—
4%s B-.
(Can)
104
102
93%
Eastern Gas & Fuel 4s ser A
E
5s
F
series
4%s
$98
j—.—-i.1944
Power &
1077a
...1961
1959
Edison
Potomac
A-O
A-O
Continental Gas & El 5s_—11958
Electric
105
J-J
——
M-S
F-A
Packing
6
Af-S
ASchulte
A-O
Cudahy
53%
95
ser Q
(Bait City)—
5s—
1057a
106% 106%
1950
——
39
94
4'/2s—:
Cuban Tobacco
107%
36%
JL954
Gen mtge
307a
102%
Portland Gas & Coke Co—
5s stamped extended
5s_.
1047a
1
19
36%
99%
105%
35
:—-1971
—-.1969
—...1970
mtge 3s ser P
1st
Consolidated Gas
85%
4
107
36
(Bait)—
& Pr
Lt
33
98%
97 %
107
J-J
1949
1951
N—
series
98'/a
J-D
M-N
& Pr 7s A
El
Gas
3'4s
Af-N
101%
36%
105% 1057b
105%
M-N
Af-N
J-D
J-J
F-A
1st
Power Corp
Af-S
57as
Connecticut Lt
1977
1979Pennsylvania Water & Power 3iAs_1964
3'As
1970
Philadelphia Elec Power 5%s
1972
v
6%
Canada
103% 103%
F-A
J-J
1st mtge 3s
Lt & Pwr 4%s
—_
(B. F.)—
warrants—
Telephone
1st
5s
10874
5s____1955
1964
A Light
Power
102%
$102
Philadelphia Rapid Transit 6s__1962
;—
Baldwin Locomotive Works—
-
:
1st 33/4S series A
deb
AConv
•
1954
1948
Utility 5 72s
Northern Ind Public Service-^Cont'l
AConv
»
J-J
Debenture5s-________.____
Nor
Af-N
1964
.
Westchester Ltg 4s
&
21
108 Vi
A-O
.1953
110'A
105%
96
,
J-J
.1956
47aS
107%
102% 103 %
N
AConv
'
Week's Range
Low
107%
105
4
109% 110
103%
J-D
.2024
104%
$107% 108 Vi
{Associated Gas & Elec Co—
-
Period
'
High
103%
No.
High
110
M-S
.1970
Pr & Lt 5s
Associated
J-J
.1961
Appalachian Elec. Pow 3748
Appalachian Pow d'eb 6s
Arkansas
J-J
.2016
deb 6s
& Lt
Amer Pow
$104
J- J
.I960
..........
3 Mi s s t : debs...........——
s
Friday
Ended June 25
Week
N Y State Elec
.1950
.1970
f debs....
s
January 1
Last
or Friday's
Sale Price Bid A Asked
Interest
New York Curb Exchange
Range Since
Sold
*
American Gas & Electric Co.-—
2%s
2433
BONDS
Bonds
Sale Price Bid & Asked
Low
33/4s
FINANCIAL CHRONICLE
Week's Range
Friday
BONDS
Curb Exchange
York
New
■■•-■r
THE COMMERCIAL &
Number 4189
Volume 157
"cum," cumula¬
t c," voting trust certificates,
THE COMMERCIAL & FINANCIAL CHRONICLE
2434
Baltimore Stock Exchange
June 19
to June 25
both inclusive,
Week's
Range
Last
8 TOCKS
Sale Price
of Prices
Par
Arundel
Low
Corporation
Chicago Stock Exchange
June 19 to June 25
compiled from official sales lists
Friday
18%
Baltimore
1st
Transit
preferred
Co
common
vtc
t c
v
16
1-.144
Jan
STOCKS-
Mar
Abbott Laboratories
2.95
Jun
Adams
(J
103A
419
9
Jan
12%
Jan
Adams
Oil &
15
27
Feb
31%
Apr
Advanced
2.35
1.00 Mar
60
Aetna
Consol.
Gas
Eastern
Sugars Assoc
Elec
Light & Power com.*
t
v
com
5
57 %
Jan
170
6%
Jan
60
60
8%
.1
c
Co
28 %
2.00
8%
62% May
9%
Feb
D)
Mfg
Bearing
20
__
10
41
393A
Houston Oil of Texas 6%
25
__
25
136
Chalmers
35%
Jan
41
Jun
22%
Jan
Jun
Mar
95
135'/2
135
12
125
•
May
Aro
Moore
Mt
Preferred
:
28%
Feb
38
Jun
27
100
38
1
27
4
4
250
80
80
120
77
Jan
84
26
26%
642
22
Jan
26 %
&
36%
811
29%
Jan
36%
Jun
_.
.100
Casualty——2
26
Fidelity & Guar
.
—50
—
'
Service
Co
Mfg Co
1.80
Jan
4.00
Jun
Apr
Associates
Athey
Investment Co
Truss
Automatic
&
Coast Line Conn—
Transit Co
Baltimore
5%
indebt
of
1975)
4s
5s series B
1975
—
—
9
Bigelow-Sanford Carpet 6%
Bird
pfd
Boston
&
Boston
Boston
Elevated Ry
Albany RR
37%
37%
50
Mar
37%
Jun
6%
6%
200
2%
Jan
6%
Jun
1%
2
310
%
Jan
2%
Jun
3
5%
4%
5%
3%
Jan
6% May
9%
Jan
A
5
7%
14
300
•
19%
20'A
300
16
common__10
15%
16
150
13%
Jan
36%
38
360
34
Jan
common
Co
common
5
35%
Feb
102%
Jun
Brown Fence & Wire1
3%
3%
3%
500
1%
Jan
1,000
100%
'Jf
1
common
—_.
A
preferred—
9
Exchange
25%
capital
Foundry
Castle
Co
<5z
(A
Range Since January 1
Low
High
29%
44
17%
Jan
32%
Jun
1,653
127%
Jan
156%
Jun
8 % May
31%
Apr
110
10
104
Jan
12
11%
12
293
9
Jan
97
29%
96
97%
310
28%
29%
3,951
67%
66%
67%
247
18%
18%
18%
120
4%
4%
13
2%
Jan
5%
Apr
29%
28%
29%
570
8%
Jan
32 %
Apr
2
Jan
8
112
12%
Jun
81%
Jan
101
May
24
Jan
31
May
62%
Jan
14
Jan
68% May
19% Jun
6%
49
1%
Jan
8% May
5%
5%
100
2
Jan
7
7%
7%
100
1%
Jan
8% May
6%
7'A
45
2%
Jan
8%
7%
10
2%
Jan
8%
Apr
55
15% *15%'
Jun
May
100
11%
Jan
15%
Jun
7%
7%
73
9%
Apr
14%
52
6%
3%
Jan
13%
7%
'
Jan
17%
100
6%
60
4%
Jan
;
2%
54%
54%
6
100
100
100
109%
!■
6
109
2%
Illinois
Secur
Convertible
Serv
$6
Prior lien
Preferred
Hathaway Bakeries $7 conv pfd
17%
17%
30
15%
Jan
17%
17%
100
15%
Feb
76%
79'A
180
69 V*
Jan
1
preferred
%
%
%
100
A
Jan
...
—
107
*
47
_
Mach
common
78%
82%
515
67%
Jan
82%
10
15%
13%
151/4
900
3%
Jan
18
2%
2%
50
1%
Feb
2%
Apr
23%
23%
3,350
21%
Jan
24%
Jan
400
2%
Jan
370
Cities Service Co, common
Club Aluminum Utensil Co
Commonwealth
Consolidated
Edison
Biscuit
25
common
38%
Cudahy
Packing
RR
Reece Button
Hole Machine.:
Deere
Co
&
Folding Machine
Diamond
Motor
7% May
T
Cup
Eastern
Co
42
Jan
18
8% May
27% Jan
11
Apr
1,855
2%
38%
39
160
31%
Jan
34%
Apr
7% May
Jan
5
8%
125
963
30%
Jan
39%
38%
Jun
Jun
4
Jan
6% Mar
4%
Jan
9'A May
58
62
100
37
Jan
62
Inc.—
10%
Jan
20%
Jun
83
Jan
96%
Apr
17
Feb
23
Jun
37%
39%
450
26%
Jan
40%
Jun
35
9
Jan
16% May
14%
13%
14%
60
10
Jan
14%
Jun
12%
12%
12%
200
10
Jan
13%
Apr
38
38
38
Jan
39% May
Denvei*
Gardner
General
Amer
Co
5%
13
31%
839
5%
100
205
Transport
28%
Jan
35%
3
Feb
6
General
Motors
Outdoor
common
Adv
Lakes Dr
Dk
&
Apr
Inc.,
400
—
5%
200
Houdaille-Hershey
Brick
Co
Jan
5%
Apr
Indiana
14%
Jun
A
Jan
Jan
1% Apr
48% May
108% May
2% Mar
85c
Illinois Central RR
Steel Products
Interstate Power
(W B)
Co
28%
27%
28%
836
23%
Jan
200
8%
Jan
10
La Salle Extension University
Mar
;
32%
5
•
74
X31%
32%
13%
5
13%
x71%
250
38
29%
Apr
7% Jan
Jun
37
14
Feb
Jun
412
46 %
46%
5
42%
Jan
72% May
46% Jun
10
preferred
71%
25
Rubber
74
70%
40%
43 %
315
25%
Jan
43%
Jun
30c
30c
23c
Jan
48c
Apr
71%
1
& Massachussetts Ry Co__100
Waldorf System Inc
Westinghouse Electric & Mfg
BONDS—
*
109
5
,200
109
12
10%
11%
350
93%
94%
291
60%
Apr
74
63%
Jan
90%
Jan
Joy Manufacturing
7%
Jan
109
Jun
Switchboard
Kellogg
Printing
1970
55
105
series A
see
page
2439.
Line Material Co
Lion
Oil
55%
$3,500
j
2,000
40% Jan
Jan
Jan
39
Jun
10
Jan
13%
Jun
17%
Jan
21
Apr
13%
250
19%
1,050
8%
450
8%
8%
288
Jan
Jun
Jun
55%
1
Jun
8%
50
36
60
6
Jan
9
May
Jan
9
May
25
Jan
36
Jun
7%
■
12%
130
11%
Feb
15%
15%
15%
135
10
Jan
13% May
16% Jun
2% May
2
1%
2
325
28
Jan
3
2%
3
500
1%
Jan
7%
12%
21%
13%
21%
22
16 %
>
15%
6%
6%
179
70
16%
200
6%
850
3% Mar
Jan
16% May
19
Jan
23% May
11%
Jan
4%
Jan
17% May
6%
Jun
67%
69
158
63
Jan
73% Mar
70
731/8
465
57
Jan
73 %
3%
10
1% Mar
3%
Apr
15
73%
15%
300
Jan
15%
Jun
12% May
3%
1
Jun
12%
10%
12%
140
8%
Jan
4%
4%
200
3%
Jan
5
*
7%
8
500
5%
Jan
8%
1%
1%
650
%
Feb
1% Mar
1
common—
$3.50
9%
1
common
com
preferred
5
1%
8%
—5
common...
8%
8
11%
8,700
16
5
Jan
May
8%
Jun
Jun
130
11%
9%
Jan
16% Mar
250
1%
%
Jan
1% May
50
7%
Feb
common
11%
Jun
9
17%
17%
10
12%
Jan
19%
Apr
*
*
common
Mapes Consolidated Mfg capital
20%
21%
65
15%
Jan
21%
Jun
1%
1%..
Marshall
Field
Masonite
Corp common
450
1%
A
11% May
97%
15%
34
e
1
May
20
28
Mar
6% May
Jun
6%
15%
1,125
10
Jan
15%
Jun
38%
20
32%
Jan
41%
Jun
1
common
15%
5%
450
1%
Jan
1
4%
5
»
12%
'4%
8%
4%
500
3%
Feb?
2,200
4%
Jan
9%
Apr
12%
1,050
8%
Jan
13%
Jun
%
1,900
56
Jun
105
May
6
100
100
—100
100
stock
v
t
5%
common
50
•
'%
As Mar
500
2'A
10
1
10%
6
:'U%
10
6
1%
300
6
■| %.i; %
_•
c
prior preferred..
Minneapolis Brewing Co
6
%
;
Hart—
Common
4% Mar
% May
(
Utilities—
preferred A
&
6% May
8%
8
12%
•
....
prior lien.
preferred A...
prior lien
6 %
May
14%
38%
;
Mickelberry's Food Prod common
Middle West Corp capital
Midland United conv pfd
Midland
34
*
•
common
Merch,& Manufacturers Sec—
Class
34
*
$1
103%
25
39
19%
*
Refining Co capital
Carbonic
Loudon Packing
Liquid
Miller
105
May
Jun
<:••/
Massachussetts Street Ry—
1948
9
43
,12%
•
——
Common
RR—
4%s series A
Co
7%
80% Jan
Jan
5
Jan
12%
1
Co common—
7%
50
4%
Jan
35% May
538
25
125
1%
10% May
3
Mar
Co
8%
13%
12%
Inc
8%
*
Jan
Jan
Jun
*
Jan
29%
6
7
5"%
330
Feb1
Lincoln
9%
34
3%
Libby McNeill & Libby common
Jun
7
33%
44'A
30
1
221
33%
1,143
51/8
1% May
320
•
55%
36
25
~_*
capital—
Katz Drug
2%
(The)
Jun
53%
13
100
$7 preferred
1.00 Mar
1% Feb
51%
2
Apr
28% May
32% Apr
12
Jan
34%
37%
c
common
Jan
11%
'
_*
Jan
11%
37%
191
•
common
15c
1 % May
1
Jun
16% Mar
210
.
common
19
180
Jan
50
46%
14
4
_
19%
Independent Pneumatic Tool v t
102
1%
Jun
50
1
37c
1
Jun
5%
10
25%
50
12% May
28%
Jan
43
«...
B
30c
45
3%
9
Inland Steel Co capital
International Harvester
24c
Jan
Mar
5 %
55%
—
capital
Jan
920
6%
15
4
—
1
25%
1%
Jun
42
—
___3
25%
1.
7%
Jun
6%
Jan
16
46%
5
com
class
3%
86
5%
16
10
common
Jan
188
9
41% Mar
1,100
Goodyear Tire & Rubber common.—
Gossard Co (H W) common..
Jan
329
9
Feb
65
11%
Gillette Safety Razor common..
50
58c
33%
37%
common
12c
1%
50c
17% May
28%
common
Corp
35%
101% 102%
1
Feb
11
*
375
5%
37%
1
80
14
Jan
6%
27
General Finance Corp common
Hibbard Spencer Bartlett common
1%
3%
50
U%
*
Heileman Brewing capital
Hein Werner Motor Parts
45
1,650
28%
common.—
Jun
1%
31%
50
7%
15
1
Feb
44%
7
15
•
1%
5%
7%
—
14%
5
8%
30
13%
10
Auto—_4
Brewing common
Fuller Mfg Co common
Jan
1%
19%
Jun
20
common
Drive
Mar
1%
Apr
2% May
150
(Peter)
5
50c
82
16%
22%
94
..1
75c
102%
Jan
22%
common—..
350
5%
Jan
»
250
14
19%
—
2
8%
1%
1%
14%
22%
common
1%
45
Jan
30
515
0
Car
8%
5
10%
2%
21%
93%
common
1%
9%
footnotes
5% May
39%
Co_10
9%
Utah Metal & Tunnel
For
Jun
May
Jun
2%
4%%
Apr
Jun
Jan
2%
*
mtge
Jan
22%
Morse
Jan
5%
60
15
2%
1.
6
8%
.*
15
20
5
240
5%
*
—
United Shoe Machinery Corp
Income
2
2% May
Electric Securities common.*
Twist Drill
Eastern
9%
94
Inc.,
Jun
*
10
100
:
Webster Inc
Maine
34,700
Apr
100
common
Airlines
Common
&
150
4%
5
15
common
Dodge Mfg Corp
44%
38%
*
Rutland RR 7% preferred
Boston
11'A
3%
2%
50
Pennsylvania
Vermont
5
21%
30
common
7% cumulative preferred
*
Mills
cum
5
25
Cunningham Drug Stores
Jan
37%
100
Old Colony RR
S
3%
23%
1
common
Voting trust crtf pfd part shares__50
Common pt sh v t c class B
9
Jarvis
6%
10%
4%
common..9
Crane Co common
25
25
2.50
North Butte Mining
U
Jun
49% May
9% May
82%
Fox
303
100
100
England Tel & Tel
N Y N H & Hartford RR
New
Fruit
Jan
5
common
Indiana Power & Light common
Drug
90
107
Chrysler Corp
Four-Wheel
6%
1
United
300
7%
May
1% May
Jan
11% May
4% Mar
Fairbanks
32%
5
United
47%
10
At Jan
44%
Feb
6'A
Narragansett Racing Assn Inc
Union
26
46%
Jan
6
Jan
Apr
32%
Nash-Kelvinator
Co
92%
Jan
Jun
11
9
Mergenthaler Linotype
Torrington
100
Feb
Mar
38%
7
10
*
Copper
Assn.
2,500
Apr
Mar
300
59
16%
Massachusetts Util Assoc v t c__——1
&
100
1
19%
43
Illinois
Stone
10
1!
7%
l
Hupp Motor Car common
Shawmut
10
106% 107
1
*
19%
83
42%
Horders
Suburban
10
._9
50c
com
15
Hole
Royale Copper
Reece
Jun
43
Great
Pacific
25%
*
110
*
—
•
,
(Del)
Jan
5
Jan
*
Safety Razor Co
Corp
20%
Jan
Cherry Burrell Corp common
Chicago Corp common;
Convertible
preferred
Jan
16%
•
General Electric
Lamson
150
25%
-
*
98
605
►
1
National Stores
Kennecott
Jun
15
Central States Power & Light pfd
137
15
6%
*
Group Association
Public Service
International Button
10
17%
preferred.
General
Isle
16% Mar
Jan
78%
General Foods common—
Gillette
Jan
5%
•
pfd
common
Central & South West Util
30
55
110
43
11
%
50
41%
•
common
Gilchrist Co
Jun
12%
Jun
6%.
—
2%
common—100
preferred class B
5% preferred adjustment
First
12
50
2,950
10
10
common
Pub
Eversharp
*
) 6%
Employers
100
Jun
31/4 Mar
Jun
7%
7%
6
6%
*
—
prior preferred
Engineers
25%
4 tr. Jan
Apr
6
10
Lines
12
15%
9%
9
M)
Illinois
Central
High
110
10
30
preferred
Central
Shares
12
15%
10
*
conv
12
5
Brothers
cumul
5
Campbell Wyant & Cannon
152% 154%
*
1st preferred series A
SS
Apr
17% Mar
Jan
Jan
:$■ Common——
Eastern
5%
Jan
Corp
Electric Household Util Corp
"
Jun
26%
Jan
5
Mass Street Ry
7%
13%
Gas & Fuel Associates—
4% %
39% Mar
Jan
Consumers Co—
Service
6%
200
Jun
16
565
Warner
Dixie
Eastern
5
4%
20% May
100
4%
Personal Prop Trust
Co
300
.
35%
24%
Calumet & Hecla
Range
7%
r
'
15%
of Prices
—
Eastern
,7%
Jun
14
Jan
15%
for Week
—
Copper
38
1
s
34%
50
100
5%
100
Stamped
100
8 % class B 1st preferred
100
Stamped
100
7% class C 1st preferred stmpd—100
10% class D 1st pfd stamped
100
Cities
13%
35%
660
prior preferred
class A 1st preferred
Boston
«
5
Range
100
stamped
Common
14
2,700
32
5
Maine RR—
Boston &
'
—
Borg
7%
100
*
Boston Herald Traveler Corp
—
Bliss & Laughlin Inc common
27%
25
Apr
Jun
1% Mar
Jun
7%
100
Edison
6
20%
\
Jan
Jun
29%
*
Jan
Jan
'%
Jun
Sales
100
3
10
*
64%
26%
Son Inc
&
300
56
9
—
700
96'A
Jan
compiled from official sales lists
100
Anaconda Copper
1,029
1%
Jun
156% Jun
Mar
90%
50
Woolen
American
5%
20%
1%
Jan
Mar
Week's
154'/a
.5%
19%
>
.
Jun
55
Low
100
& Tel
1%
H CM CO 1-^
Apr
39%
49
$100
102% 102%
Sale Price
Sugar Refining
Tel
945
17
105
6%
Seelig Mfg common
'
American
Jan
90% #an
15,000
Last
American
Jan
25%
110
10,000
Friday
Par
12%
630
105
Jun
13% Mar
55
Boston Stock
.
100
39%
152% 153%
5%
Jan
17
37%
20%
11
Apr
62
95]/2
5 %
STOCKS—
350
Apr
6%
Jan
2
Aviation
Class
both inclusive,
13'A
2%
4
Berghoff Brewing Corp
Binks Mfg Co capital
Butler
June 25
300
Jun
3
Bruce Co (E L) common
to
12
capital
Manufacturing
Common
June 19
14%
Jan
53'A
—
1975
Jan
6
62
95%
—
5s series A
52%
10
common
Wheel
Washer
Blessing
411/8
10
153%
1
Aviation Corp (Delaware)—.
Bastian
27
700
4%
17
1
common
62% Mar
Jan
103
5
...
Jan
L05
100
common
Bendix
BondsAtlantic
17
39%
High
51%
12%
*
capital
160
4%
*
common.
Belden
/'Certificates
4%
preferred. 100
common
Equipment Co
Barlow
V S
5
Apr
35
—
100
27
38
—
:_25
com
..
Amsterdam
New
9
Distillery.....
(Tom)
Vernon-Woodbury Mills
12
•
Tel & Tel Co
Asbestos
27
11%
10%
common
American
Armour
pfd vtc
Merchants & Miners Trans..:—
52Ve
11%
Mfg Co
Public
Jun
356
25%
Mar
41
....
51%
*
common
Allied Laboratories
Allis
61%
Aluminum Castings
Ball
Low
61%
common
Range Since January 1
High
•
common
Gas Co
Low
Shares
25
common
common...
American
Fidelity & Deposit
Fidelity & Guar Fire Corp...;
for Week
of Prices
Par
10 'A
2.00
10'A
1
...
Sales
Range
Sale Price
High
19
28 'A
•
100
Inc....
Week's
Last
Range Slncp January 1
Low
18%
inclusive, compiled from official sales lists
Friday
Shares
Acme Steel
Bfager Eisenberg
both
Sales
for Week
High
18
Monday, June 23, 1943
500
Feb
7% May
% May
Jan
%
2
7
Feb
May
% May
%
Jan
1
Jan
2% May
8%
Jan
11% May
,,
°
2%
8,450
10%
6
-
500
;
50
Feb
6
Jun
THE COMMERCIAL &
Number 4189
Volume 157
2435
FINANCIAL CHRONICLE
OTHER STOCK EXCHANGES
Ward
Montgomery
Nachman
&
Co
Gas
Cylinder
Standard
National
common
North American Car common
Airlines
Northwest
North
West
Corp
common
Steel
Pressed
Car
Quaker
Co
Oats
Jan
35%
36%
172
23%
Jan
37
Jun
Jan
18%
Jun
16%
50
8%
19%
110
14%
17
Apr
9
Jan
12%
50
8%
Jan
12%
600
4%
Jan
8%
May
4
550
2%
Feb
70
50
29 Vb
616
57 Va
202
10%
11 %
200
4%
12%
230
6%
150
i%
11
•
3
3
87%
—
23 Va Jan
46%, Jan
58%
Jan
12%
13%
Feb
3 %
Roebuck
Sears
2%
Jan
700
1%
Jan
Tire
19
10
14
200
5
Mar
Preferred
,—
Rubber
Dredging
Standard
12 %
50
Preferred
Oil
Standard
capital
Indiana
oi
Stein & Co (A)
Medusa
Portland
May
Jun
National
Refining,
17%
Jun
32
33
170
29%
Jan
34% May
10%
1.930
10
300
1,165
2:\
11%
Jun
6%
13
Jan
28%
Jan
15%
15%
15%
150
34%
35%
1,021
12
International
Texas
Carbide
Union
S
U
S
common
Lines Transp capital
Air
Steel
7%
capital
Carbon
&
Co
Gypsum
United
common
common
preferred
cumulative
Utah Radio Products common
Walgreen
Co
Tel common
Oil-O-Matic
Bankshares common
Wisconsin
Woodall
Industries common
Wrigley
(Wm
Jr)
k
JftlV
11%
18%
1114
9 Va
Jun
11%
1.507
6V4
300
15
16%
1,419
14%
Jan
2%
300
2%
Jan
3% Feb
al6 % a 16%
154
16%
Jan
18% Mar
3%
Jan
7 Vb May
1
Apr
2% May.
16%
2%
17
•Jan
4
2%
6%
6 %
250
6%
2
L'S
1,355
2
2
0
4^4
4%
.
7
Jun
18% Mar
500
0
13%
13%
100
11%
Jan
32%
33
352
23%
Feb
*
a8%
a8%
20
1
6
6%
275
4%
Jan
*
A
17
33
•
Rubber
Seiberling
14
Mar
33%
—
Jun
—
___
*
Upson-Walton
Jun
Van
Jun
Vlchek Tool
"
Weinberger Drug Stores
*
0
4
14 Va
Dor 11
Works
Iron
%
7% May
100
9%
Jan
20
Mar
7%
125
5 Vb
Jan
10
May
8
135
a37
50
17
7%
18% Mar
15%
200
14%
Jan
26 Va
1,250
22%
Jan
27
Jun
33%
210
29
Jan
35%
Apr
51%
307
42
Jan
52
12%
1,000
8
Jan
12%
Jun
83%
84
70%
70%
26'%
26%
54%
56%
118% 119%
211
4%
1,400
26%
130
34 Va
34%
93%
93%
7%
7%
a37
a37
Jan
7
8 Va
Apr
—
—
Jun
12%
20
26%
56%
4
4%
26%
34%
444
79%
Jan
86%
72
59%
Jan
71%
Jun
220
16%
Jan
28% May
1,700
47%
Jan
59
112%
Jan
120% May
2
Jan
4% May
20%
Jan
27% May
150
26%
Jan
38% May
54
80%
Jan
97 Va
4% Mar
8V4
Jun
6%
500
1%
8
300
5%
Jan
6
R
10
10
a39% a39%
10
common
200
3%
Jan
349
58%
Jan
800
4%
Jan
34%
480
19%
Jan
34 Va
New
a37% a38 Vb
11%
50
0
common
al8
al8 V4
41
18 Va al8 Vb
362
a54% a54%
2
a
*
Steel
S
20
al7% al7%
Republic Stqel
U
■
0
Jun
31%
Oil
Ohio
80
—
a40'/b a40Vb
—
York Central RR common
Jun
Jan
common
Industrial Rayon
Jun
6%
66
&
Electric
General
Apr
67%
5%
6
T
Apr
3%
Feb
8
—
Unlisted—
Firestone
Jun
3%
8
•
capital
Co
Jan
84
0
41
2
common
Jan
7
33%
Westinghouse Elec & Mfg common—50
Williams
1%
225
50%
•
100
common
Western Union
Apr
111
*
-
Bros.
Richman
Jun
12%
5
*
100
1
25
23%
0
new
class
LeMur
35% Jun
12
15%
•
Feb
Jan
31%
Apr
25%
—
25
25
capital
Corn
Trane Co (The)
U
capital
13%
35%
6
Youngstown Sheet & Tube
&
Swift
25%
25
15
capital
Co
Swift
100
4
4
12%
Jan
31%
11 vb
*
Patterson-Sargent
Mar
16
Jan
9
20
Apr
30%
Jun
Jun
2%
i% Jan
Nestle
Apr
6%
50%
Jan
42
250
35
12
■"
Jan
3
150
May
50
Jun
27%
Jun
22%
2%
40
Mar
23%
*
National Tile
49
Mar
35
77
0
Acme
79 Vb
Jan
10%
*
48
48
48
1
National
Jan
9%
0
common,
14
59%
2%
33
95
331
31%
Cement
130
48
Apr
25
a37% a39
100
& Sessions
728
6%
119%
—
—
50
a38% a40
41
15%
Sterling Brewers Inc common
1
Stewart Warner Corp common
5
Sundstrand Machine Tool common—5
Feb
a21% a22%
0
Lamson
Jun
6
•5r% Jan
22
—20
25
113%
108
40%
Kelly Island Lime & Tr
79 Vb
_
21
118
a39%
Jaeger Machine
32
1
common—
14% Mar
a
Steamship
15%
Spiegel Inc. common2
St Louis National Stockyards capital—0
71
Jan
21% Mar
Jan
19
200
6%
Jan
10V4
•
&
76%
10%
capital
Bend Lathe Works
South
Apr
59
725
*
F
15%
*
5
Sinclair Oil Corp_—_
'
21%
12 Vb
0
30
Apr
19% May
Jan
6
Interlake
Jun
3%
21
1
•
capital
capital
Co
&
Signode Steel Strap common
15
2,971
a41% a41V4
r
*
common—
14%
118
118
25
Metropolitan Paving Bricks—■
Sangamo Electric Co
Schwitzer
Cummins
14 %
0
Rubber Co
Great Lakes Towing
Apr
200
2%
5%
B.
Goodyear
Mar
92
Jan
11%
19
19
67
13%
Jan
Jun
13%
—
al4
—
.
10%
42
•
65 %
*
5
-
*
Tire &
Goodrich,
Jun
2%
4
Hosiery Mills common-
al4 ;
__
Jun
Jan
.
Rollins
preferred
Iron,
common
Manufacturing
General
Jun
70
150
89
Eaton
May.
11%
11%
50c
6% preferred
5
Reliance Manufacturing Co common_10
Raytheon Mfg Co common
Cliffs
Corp
Chemical
Dow
Jun
33
'
Cliffs
Jun
5
86 Va
Feb
83
—
*
Fuel-'
&
Ice
Cleveland
Jun
7%
City
a27
20 % Mar
28
12%
High
402
a27%
3
Brewing Corp of America—
20 % May
10
56%
0
Low
High
Low
Jun
83
29 Vb
1
common
Jan
26 Va
3%
7
50
100
:
9%
150
6%
5
100
common
275
12%
—
»
Process Corp common
13%
35%
Range Since January 1
Shares
of Prices
Par
Jun
14% May
19%
6
Poor & Co class B
15 Va
17
100
_
Jan
for Week
Range
Last
Sale Price
STOCKS—
Sales
Week's
Friday
Jun
16%
16%
—2%
Peabody Coal common B
6% preferred
.
Pennsylvania RR capitalPeoples Gas Lt & Coke capital
48 Va
10
50
Jan
36
20
•
-
common
15 Va
inclusive, compiled, from official sales lists
•|
Apr
33%
280
41
13%
5
>7 r'c pfdcommon---'
Util,
Nunn-Bush Shoe
Omnibus
Inc
45%
Feb
35
35
10
common
Ind Inc capital
Noblitt-Sparks
--
0
1
Springfilled common
National
44%
15%
•
common
36
30
41
June 19 to June 25 both
High
Low
High
39%
39%
Chemical Co preferred——
Monroe
Range Since January 1
Shares
of Prices
Low
Par
Cleveland Stock Exchange
for Week
Range
Last
STOCKS—
Sales
Week's
Friday
Sale Price
„
-—
—
«
14% Mar
—
19 %
Apr
51%
Feb
—
—
—
49%
Jan
70 Vb Mar
<
Zenith
Radio
5
Corp
common
6
6%
•
capital
Yates-Amer Mach
34 %
31%
7% May
St San com
American Radiator &
Mining
Copper
Anaconda
1,492
24%
Jan
85
45 %
Jan
58
63%
250
56
Jan
69
Apr
7%
8%
485
6%
37%
38%
863
30%
Jan
Apr
New York Curb Associate
York Stock Exchange
New
Chicago Stock Exchange
Detroit Stock Exchange
9% May
Jan
33%
Jan
9%
Apr
18
Jan
24
May
Jan
15
Jun
10% Jan
20
DETROIT
Ford Building
Jun
6
38%
Members
May
61%
63%
•
•
Co
Interlake Iron Corp common
2,050
28
55
10%
28
__
1
Curtiss-Wright
General Electric
11%
26 °/a
54
11
•
50
Santa Fe com—100
Bethlehem Steel Corp common
•
Atchison Topeka &
6 Va
Co.
watling, lerchen
Stocks—
Unlisted
May
Telephone: Randolph 5530
(Glenn
Martin
Co
L)
19%
14
Radio Corp of America common.
5
•
•
*
*
•
U,%
Republic Steel Corp common
•
19
New
Pictures
(The)
Oil Co
common
capital
Pullman Inc
Pure
capital-;
York Central RR
Paramount
common
19%
13%
J.
common
Corp
Nash-Kelvinator
14
16%
50
6%
2,500
17%
860
25%
28
2,000
15%
Jan
28
Jun
35 Va
36%
384
26%
Jan
38%
Jun
16%
17%
160
9%
Jan
19 y4 May
10%
11%
2,350
5
Jan
12% May
16%
27%
19
2,067
14
Jan
19 Vb
Detroit Stock Exchange
Apr
7%
*
capital__25
Studebaker Corp common
1
U. S. Rubber Co common
10
Yellow Truck & Coach class B
1
Standard Brands common
7%
4 Vb
220
55%
57
219
11%
57
Standard Oil of New Jersey
12>/4
243
$%
Jan
Jan
13%
Jun
Jan
44
Jun
18%
Friday
Jun
Jun
44
400
25%
15%
—
16%
225
12% Jan
Last
Sale Price
'«
*
STOCKS—
Corp
Cincinnati Stock Exchange ;
to June 25 both
19
inclusive, compiled from official sales lists
Friday
Range
Low
Par
American Laundry
20
Mach
7
Products prior pfd
American
Participating
Champion Paper preferred
—
Cincinnati Gas & Electric pfd
Cincinnati Street
Cincinnati Telephone
—
Stock Yards
Crosley Corporation
Eagle-Picher
1
Cincinnati
Union
Formica Insulation
Art
Gibson
Hatfield
.
Hobart class
Kahn
A
—;
——
Kroger
—
Lunkenheimer
8 'A
*
100
50
50
0
*
preferred
*.
50
Preferred
Unlisted—
Columbia Gas
General
Standard
For
27%
Jun
Jan
1%
Feb
Hoover
Jan
4
Jun
Hudson Motor car, common
Lock & Mfg common—
10
*
1
31
Jun
Kingston Products common—
Jun
LaSalle
1%
31
10
31
Jun
104
10
99%
Jan
10%
90
107%
May
7%
9
Jun
McClanahan
Jan
70
Jan
Michigan Die Casting
Apr
Michigfan
96
60
20
7%
Jan
20%
19%
20%
131
9%
Jan
22 % May
11%
11%
120
7%
Jan
13% May
9'A
*
Brands
footnotes
see
page
Masco
34%
35
110
16%
Jan
35
Jun
26%
26 Va
137
20
Jan
30
Mav
1V4
16
40
37
35
6»/4
Jan
Jan
Feb
2V»
9%
Jun
29%
30%
175
24%
Feb
125
20
Feb
25
4
7
1%
Jan
281
48%
Jan
57
228
228
5%
4%
46
46
55
7%
Oil
common
Silica,
1
1
0
common
Motor
Products,
Wheel,
Murray Corp
542
15%
Jun
79
280
68.
Jan
82%
Jun
14%
14%
160
12
Jan
15
Apr
6 V4
100
3%
4Va
1,935
19%
19%
1,569
Jan
19%
Jun
3%
100
2
Jan
4%
Apr
5%
500
3%
Jan
6
Apr
5%
1,100
3%
Jan
6%
Jun
4
600
2
Jan
4 Va May
2
55%
228
5%
46
226
Jan
710
3
Jan
15
38
Jan
5
Jun
4% May
Jun
4%
Jan
7 Vb May
3
Jan
5
17%
Apr
:
—!
Packard
Rickel
River
Mar
common—
Paper
common-
Standard Tube class B
common.^
Axle
—
Udylite common *——-.
Universal Cooler class B__a.
Universal Products, common
10%
Jan
15%
Anr
14
14
5
10%
Jan
14%
Jan
5%
Jun
Jan
55 V4
Jun
Wayne Screw
Jun
Wolverine Brewing
4%
225
139
7%
103
^
2
44 %
4%
Jan
7%
Warner
400
4
750
3%
800
1%
23c
Aircraft common——
Prod common
common—-
,
Jan
4
Jun
Jan
4
May
1
200
13c
Jan
Jan
Apr
1% Mar
28c
Apr
Jan
2%
Jun
2%
2%
100
1%
Feb
2%
Jun
2
2
166
Jan
1 % May
5%
2%
1%
5%
300
4%
Apr
6%
Jun
15%
15%
100
10%
Jan
16%
Jun
17 %
17%
100
11%
Jan
18%
Apr
1,750
5%
Jan
10%
Jun
250
1,700
"3%
3 Vb
3%
550
3
3%
2,965
1%
1%
100
3%
4c
5
May
1%. Jun
2 Vb
Jan
3%
Jun
1%
Jan
3%
Jun
1%
Jun
2% May
33% Mar
28%
Jan
500
1 Vb
Jan
2%
3
200
2%
Feb
2
2 Vb
450
68c
Jan
2%
20%...
200
18%
Apr
20%
1%
1%
630
1%
Jan
1% Mar
4%
4%
400
4
Jan
5
Mar
4c
4c
300
2c
7c
Mar
20%
1%
4%
Jan
Jan
2%
76c
200
1%
2%
,
62c
1%
30
0
*
1
4
1
1%
2 Vb
1,275
1%
—1
83c
2%
4%
2
*
1
10% Jun
500
1%
23c
Apr
Jan
Jan
4%
51c
2 Vb
1%
Apr
54%
885
4
10
—1
common
common
239
4>/4
9%
69c
4%
1
15
53 %
8%
69c
4%
*1%
*
Tivoli Brewing
19
10%
Prd common
Timken-Detroit
Jan
10%
Car common
(H W)
Jan
14%
10%
Mtl
Raisin
83c
100
15%
17 %
Motor
Peninsular
2% May
825
18%
3%
Jun
5% Mar
50
18%
9%
18%
10
common
13%
7%
14%
—1
0
5
common
32 % May
25
4
54%
7% May
79
2
Jan
42 V4 May
25
29%
9%
Jan
—
1
1
Screw Products common
Michigan Sugar common
Micromatic Hone common
Motor
1%
>
Jun
10%
98
8%
7'
common
common
Jun
8%
42
Wines
Jan
8%
1%
Ball & Bearing
Jan
5
81
7
Jan
3%
Jun
81%
176
94%
42
4 Vb
5%
2
11
350
2
68%
•
High
1,175
5%
3%
19%
1
1%
4
7%
common
Jan
68%
4V4
10
Graham-Paige
common
Jun
I %
! %
8
Finance
20%
10
"7%
■
i
Wood Industries common-
General
10
93%
14%
Motors
Gar
0
3
1
1
170
>
Rolling Mill
Ice & Fuel—
American
Citv
p
104
100
—
—
United States Printing
High
27%
High
Low
Hum
*
Gamble
Range Since January I
31
10
*
*
0,
0
0
*
*
Shares
1%
10%
Low
7
3%
common
Truck common
Federal Motor
4
-2.50
Magnavox
Procter &
p
2
40
100
Carthage Mills class B
Churngold
27%
27%
*
0
preferred
Brewing
Burger
for Week
of Prices
Sale Price
STOCKS—
Range Since January 1
High
Sales
Week's
Last
Paper
Sliai es
6%
10
Continental Motors common
1
Detroit & Cleveland Nav common—10
Detroit Edison
common
20
Detroit-Michigan Stove common-'
1
Consolidated
for Week
Range
14
82%
5
common
Sales
Week's
of Prices
7
7
1
*
Machine
Burroughs Adding
Chrysler
compiled from official sales lists
Low
Par
Baldwin Rubber common
June
both inclusive,
Jun
8
57%
46% Jan
41
44
to June 25
19
June
30
2439.
I
Mar
2
Apr
3% May
May
Jun
,
;
THE COMMERCIAL & FINANCIAL CHRONICLE
2436;/
Monday, June 28, 1943
OTHElt STOCK EXCHANGES
Los
of Prices
Accessories,
Petroleum
Bandini
Bolsa Chica Oil common.
&
Jackson Co.-
Byron
*
—
Aircraft Co——
1
Chapman's Ice Cream Co
*
a79
a81
Consolidated Steel
Preferred
Products Corp.
Electrical
Emsco
Exeter
Oil
Co
A
common
Motors
General
Paint Corp
Corp
Jun
May
May
40
40
200
20
Jan
55
627
44%
Jan
55'A
13
38%
9%
30c
11
34c
34c
Pub
Prior
19%
10%
Electric
6%
ICO
5
Jan
7
540
9
Jan
14
Mar
389
39
41 %
Jun
Jan
10
Jun
Jan
4%
45
9%
Jan
34
14c
600
30c
30c
36c
6%
300
11%
40c
Jan
27c
5,550
11%'
Jan
Jun
630
2Q
10%
8
Jan
24% ftlar
Jan
17%
100
11
266
23%
Jan
29% May
100
30%
Jan
34%
30%
30%
503
29
30%
Jun
Mar
,
46%
4i
Motors
4i
115
34%
Jan
11,922
2.10
6%
Jan
6%
Pennroad
7%
Jan
11%
Jan
27
17%
Jan
27
100
36
22
Jan
36
Electric
New
$1
Jun
Jan
Jan
39%
40%
444
33%
Jan
4ft%
Jun
53%
55%
473
44
Jan
58%
Jun
8%
8%
6
4,684
4%
7% May
36% May
,
Jan
6%
6%
50
3%
Jan
6
6%
240
2%
Jan
4%
4%
1,041
3%
Jan
7%
—,
9% May
8% May
,
7%
4
4.4'A
29%
preferred
—-——_
29%
1,779
23%
Jan
18
18%
4,593
16%
Apr
19% May
25%
25%
1,426
23%
Apr
25%
100^
139
114%
Jan
117
116% 117%
pfd._ __25
Philadelphia Elec. Power 8%
Philco Corporation
32%
23
21%
Jan
25
31
31%
926
30
Jan
50
__
_
„
30'A May
32%
Apr
325
13%
Jan
26%
Jun
19%
55
14%
Jan
33%
20
26%
Jan
22% May
33% May
29%
.
50
—
29%
20
22%
Jan
30% Mar
7%
200
2%
Jan
1
7
»
40%
Transit
United
Corp
Gas
—«
--
—
—
-
_
ft
Jan
1%
225
%
Feb
1% May
1%
2,302
12
Jan
1% Mai-
1
__20
6
32
Jan
690
17%
Jan
30%
Jun
9%
2,600
5%
Jan
9%
Jun
2%
10,053
1%
Jun
2%
1%
2% May
30%
30%
693
28%
Feb
30%
12%
Feb
16
Jun
23%
174
21%
Jan
26
May
—
—-—
Pittsburgh Stock Exchange
19
25
to June
both
inclusive, compiled from official sales lists
35
35
100
33
Jan
35
Jun
STOCKS—
30
140
Jan
30
Jun
10%
10%
322
6
Jan
11V4
Jun
•
4%
4%
4%
537
2
Jan
5%
Jun
13
1%
13%
532
8%
Jan
13%
Jun
2%
5,331
1%
Jan
2%
Jun
32% Mar
35
27
16
30% May
39% May
Fort
Harbison
38 %
1,232
28%
Jan
74%
50
53%
Jan
77% May
2,241
6%
Jan
10
19% Mar
22
8%
9
—
21
9
134
21%
20%
"■
—
20
H%
20%
15%
1,861
50
11%
Jan
8%
Co
...
Gas & Electric
Columbia
Brewing
Duquesne
5
Brewing
Pitt
Walker
—
Refrac—
11
11
a40%
41
31
al52% 155
„
al54
4al
215
6%
—
*
16%
95%
16%
95%
__
100
Koppers Co preferred
1
12%
Jan
—
1
—
96
18%
49
13%
Jan
92
207
Jan
17% Mar
May
Jun
Apr
Lone
Star
National
10
Gas
Supply
Fuel
10
25
11%
1%
94%
•
Pittsburgh Brewing common—
40c
1%
93%
„
6%
157
7%
7%
—
*
*
Corp
Fireproofing
8%
8%
—
900
40c
1%
94%
6%
6
8%
5%
Jun
Jan
100
105
295
<•
25c
1
Jan
84% Jan
345
4%
Jan
Jan
41% May
131%
27
27%
422
24%
Jan
31%
56
265
48
Jan
56"%
1
1
•
Shamrock Oil & Gas common
Standard
23% Mar
a24%
4%
—
16%
24%
60
21%
Feb
5
390
3%
Jan
17%
100
12%
Feb
6%
Steel Spring
Air Brake
19% May
18% Jun
17%
17%
1,825
13
Jan
62%
260
61 %
Feb
69
a34%
36 %
88
29%
Feb
2%
8%
1,000
8%
680
2% Jan
7% Apr
9% May
22%
22%
345
15% Jan
24% Jun
2%
2%
8%
—
9%
60
6%
Jan
13%
13%
80
9%
Jan
11% May
14% May
¥&
2,400
%
Jan
1% May
'
♦
*
%
Apr
Established
1922
705 Olive St., ST. LOUIS
^
Members
Phone
New York Stock Exchange
St. Louis Stock Exchange
1
6%
«...
33%
5
8
1
:
Co———————
Corp—
._1
a22%
•
a38%
Corp.
Kennecott Copper Corp——
20
6%
57
35%
175
8
a22%
22%
30
4%
Jan
29%
Feb
35% May
9% Apr
7
Jan
—
CEntral 7600
Chicago Board of Trade
Associate Member Chicago Mercantile Exchange
New York Curb Exchange Associate
7 % May
Postal Long Distance
Chicago Stock Exch.
a37%
38%
375
31%
Jan
38%
Jun
42%
42
35%
Jan
41
Jun
Mar
32%
32%
160
32%
Jun
36
--
12%
14
591
6%
Jun
31%
31%
31%
654
Jan
35
St. Louis Stock
16% May
32%
*
30
a59%
85
54
a21%
23%
115
.21
a47%
*
59%
a23%
18
a44%
47%
50
Apr
55
Apr
21% May
May
36%
Feb
42
May
Par
American
Investors
Brown Shoe common
1
•
16% May
18%
60
12
Jan
18% May
Ely & Walker Dry Goods
26%
300
15%
Jan
26%
Falsjaff Brewing common.—1
Griesedieck-West Brew common——*
Hussmann-Ligonier common
*
Apr
Jun
Coca-Cola Bottling
Columbia
Brew,
&
al8%
*
Co
15
common___25
340
24
Jan
31%
175
12%
Jan
19 % May
Hyde Park Brew common—
11
521
Jan
International
5
Apr
al7%
18%
1,140
14%
Jan
12% May
18% May
79%
132
59%
Jan
76
—
Shoe
Johansen
13%
90
10%
Jan
14
Jun
24%
150
16%
Jan
29%
Apr
7%i:
7%
130
4%
Jan
8
Jun
56%
56%
130
47%
Jan
57% May
a25%
,
Shoe
a51%
26%
63
24%
Feb
25%
Apr'
Steel
*
—
a51%
51%
McQuay-Norris common
National Bearing Metals
55
42% Jan
49%
50
Willys-Overland
For
Motors
footnotes
see
Inc.
page
1
56%
a94%
8
105
84%
Apr
84%
90
27%
Jan
39'A 'Jun
5
145
10
11
26
11
25
615
__
27
27
40
>
26
7%
33
220
33
34%
1%
9%
35%
1%
9%
495
7%
__
—
35%
35%
35%
45
18%
Jah
27%
.
common
Sterling Alum common
1%
1%
56%
56%
14
a94%
7%
94%
8
800
V
644.
100
115
426
n
48
Jan
.
Jun
10
5%
Jan
High
7%
Jan
31
Jan
42
Jun
15%
Jan
22%
Apr
17%
Jan
23%
Jun
7%
Jan
9%
23
7%
17
5%
Jan
26
Jun
Jan
Jan
11
Jun
Jan
27
Jun
Feb
7% May
28
Jan
33
Jun
28%
Jan
35%
Jun
58%
Apr
7% Jan
15 %
Scruggs-V.-B.,
May
2%
Jan
Jan
—
—
—
*
12
~
5%
6%
70
150
300
A 12
25
90
44%
44%
14%
24
25
16
15%
*
*
*
5%
6%
310
1% May
1%
Jun
9
9% May
14%
24
24
100
2,925
May
4%
Feb
5
Jan
15%
6% Mar
7%
Jan
9
Jan
12
38
Jan
45
11
14%
Jan
Jan
Apr
Feb
18
Jun
v
16%
27%
Jun
Jun
2%
Inc.,
common
5
common
1
10
10%
125
13%
13%
98
11
13%
—*
2%
11
10%
10%
5
30
9%
465
30
30
30%
30%
216
96%
98
96%
98
$2,000
5,000
9%
2Vs
8%
7%
Jun
Jun
Jan
Jan
6%
Jan
6%
Feb
2% Mar
13%
13
12
9%
Jun
May
Jun
Jun
2% May
Jan
82
1
25
Scullen Steel common
Apr
82
8 %
Jan
May
Wagner
15
Electric common
—
24% Jan
31
96"%
Jun
96%
Jun
90%
Feb
98
May
Apr
Bonds—
Laclede
St
L
Gas
Pub
Lt
Serv
5%s
series
1st mtge 5s
2439.
Low
25
45
__
26
Louis Bank Bldg Equipt common__3
83%
Stix, Baer & Fuller
"'a--*
—
Range Since January 1
Jun
27%
14
*
23%
Prod common.__5
20
Landis Machine common!
St.
5
—
common
83%
Air
6%
6%
42
42
22
22
* 22%
23%
9%
9%
—
Sales
for Week
Shares
High
Low
r
__
*
—
common
26%
United
;
*
common
Shoe
National Candy common
.25
10
•
common
Key Co common
Laclede-Christy Clay
Laclede
—
Range
May
•
13
*
^1
5
17%
24%
iU
25
;
28%
Johnson-S.-S.
Roebuck
common
common..
17
a77%
•
Corp.
20%
Jan
10%
17 V*
*
Steel
Jan
10%
28
*
Republic
10%
108
26%
—
50
Sears,
—
470
15
17%
—
16%
14%
'
*
Pure
1
*
__1
common
16%
M.~*
Company-
Week's
of Prices
Sale Price
Mar
Exchange
inclusive, compiled from official sales lists
Last
Burkart Mfg common
»
Oil
both
STOCKS—
f
Ohio
to June 25
19
June
Friday
*
1
Bell Teletype SL 693
__
a41%
*
_+
International Tel & Tel
3% Mar
Edward D. Jones & Co.
33 % May
9%
a36%
25
Electric
Jun
Jun
Apr
6%
St. Louis Listed and Unlisted Securities
Apr
62%
17%
*
5
General
1%
96%
Apr
5
General Foods
Mar
Jan
55%
13
——
Jun
7% Mar
95c
Jun
41% May
151% May
Feb
55%
3
(Del)-.
9%
N
27'A
25
,—
Mar
100
May
20%
Jan
High
27%
10%
150
74%
Low
30
655
36%
Range Since January 1
*
27
—
Shares
High
*
35
--
Loxo
Allegheny Ludlum Steel
25
—
Sales
for Week
of Prices
Blaw-Knox
35
Jun
Range
Sale Price
Par
35
Jan
Week's
Last
Feb
--
50
Oil Co
Jun
114
22%
22%
15
'
June
Apr
LOO
Class A
Jun
14%
o
Westmghouse
■
Feb
2
in
-
720
30 %
2 %
.
_
63% Mar
9
—
c
-
43%
Jan
29
29%
•
Improvement common.
Jan
48%
%
1%
if
.j
Apr
3 8'/a
%
1%
it
_J—
Corp common
$3 preferred
United
25
common
.
8
37
329
U
25
Invest
55
1
Mining
Preferred
40%
52%
Scott Paper common
31% May
*
Curtiss-Wright Corp
Mar
118
273
25%
33%
24%
32%
23%
18%
Jun
22%
«
100
Continental
Apr
Jun
32%
3
Reading RR common
1st preferred
preferred
28
18%
25%
if
w-i-
Mar
2%
31%
Smelting & Ref Co—
Continental Motors Corp
Jun
4% Mar
.
•
*
i.
w
com
Pittsburgh Plate Glass__
Pitts Screw & Bolt Corp
Commonwealth & Southern Corp—
83%
55%
__
Co new
preference common
Jun
Jan
2,360
1,882
3%
23
•
Corp..
Jan
5% Mar
130
27
3%
3%
10
Steel
67%
Jun
3%
4
Stocks—
Bethlehem
Apr
233
83%
1%
4%
Pennsylvania RR
Mountain
(Del).
10%
16%
Corp
Jun
1,400
1,000
25
(The)
10
Jan
20
—
Coal
4%
5
Corp
Jan
6%
1,296
*
Light
Westmoreland
11%
2
Aviation
3
40%
50
&
Jun
5%
25
& Std Sani Corp.
30
50
33%
.
RR
Power
41%
*
10%
Co
Amer Rad
Jun
May
8%
5%
...10
:
Inc
5%
25
California.
28
33%
«
Storage Battery
Westmoreland
4%
•
Unlisted
»
*
Jun
11%
.25
of
Jun
19% May
17% Mar
26
9
78%
_
47
Jan
1
25
preferred
•
8%
9
Friday
p
Co
39%
36
5 %%
Oil
200
1
25
Standard
47
a
.25
Pacific
17%
28
15% May
156%
8
Coal & Navigation
Jun
.
Southern
Jan
16%
25
*
common
Valley
Mar
28%
1
Co
11%
17%
Feb
34%
15
Aircraft
387
High
Jan
11% Mar
May
34%
Signal Oil & Gas Co class A.
Amer
Co
Lehigh
Jun
13%
28%
Corp common——
—.
127%
28
83%
Lehigh
Jun
34%
•
89
557
*
common
preferred
Tonopah
47
Low
14%
14%
Jun
50
55
11%
com
Ryan Aeronautical CO—
6%
Jan
6%
12
--
Republic Petroleum Co common.
Co
x
Ex-distribution
Richfield Oil
6 (/o
22%
Jan
30%
Lighting
1,3
c
Chrysler Corp
2nd
10
Solar
Feb
3%
11%
10
■
t
Salt Dome Oil Corp—
Is
Pacific
Jan
19%
6%
25
1st
5%%
6%
847
2,650
Jan
25
6 %
200
6%
Jan
1
Angeles Investment Co
10
20%
5%
7%
9%
Mfg
v
Range Since January 1
High
152% 154%
154%
preferred— —bO
Corp
Budd Wheel Co
Phil
10c
Corp
Aircraft
Lockheed
Los
Mar
74
5%
30c
G)
14%
Shares
10% May
40
1
Lincoln Petroleum Co
Jan
55
10c
Co
68%
80
81
50
39
Lane-Wells
(E
Low
100
_
Security
Curtis
610
*
*
___
Locomotive Works
10% May
11%
Hancock Oil Co common A—
Corp
Jan
8
10%
13%
Petroleum
790
10%
common
Motor Car Co—
24% May
10
*
Hudson
10%
16%
335
10%
5
—1
Gladding McBean & Co
Intercoast
Jan
Jun
Tel
&
Baldwin
National
common—10
*
Corp
General
13
Tel
Bankers
Budd
Jan'
10
—4
—
& Equipment Co
Derrick
Jun
20%
6%
A.——1
America---
1.65
General
*
*
Corp.
_
of
Creameries
American Stores
of Prices
10
22%
'
Jun
5
Jan
Jan
7%
440
12%
22%
75c
4,000
12
10
10
Cessna
12%
•
3%
1,725
165
12
12 %
Co
4% May
Feb
1.80
American
4%
140
160
1
.
Department Store Inc_,
*
common
,—.100
Broadway
Brock
4%
1
Company.
330
Par
*
Sales
for Week
Range
Sale Price
High
Low
3%
3%
3%
50c
Inc
Week's
Last
STOCKS—
Range Since January 1
Shares
High
Low
Par
Friday
for Week
Range
Last
inclusive, compiled from official sales lists
Salesl
Week's
Sale Price
STOCKS—
June 19 to June 25 both
compiled from official sales lists
25 both inclusive,
Friday
Aircraft
Philadelphia Stock Exchange
Angeles Stock Exchange
to June
June 19
I
"C"
1953
96%
1959
98
THE COMMERCIAL &
Number 4189
Volume 157
FINANCIAL CHRONICLE
Listed and Unlisted
Week's
Friday
Last
Montreal Stock Exchanj
Bathurst
Last
Par
*
Works Ltd common-,.
Acme Glove
Ltd
Aluminium
Corp.———-——,
Asbestos
Breweries
Associated
& Paper class A
.Bathurst Power
Bell
common
'•
General
Canadian
Industries Ltd
B
ciass
8Vc
13
Preferred
Forglngs Class A
Canada
North.
Canada
Steamship common
preferred
Canada
5 °!o
14%
8
104'/a
-100
preferred——100
Canadian Industrial Alcohol class A—*
Class B
*
Canadian
Locomotive
*
Canadian Pacific Railway
25
103
104 Vz
23%
8Vz
32%
—
preferred
Dominion Coal
Preferred
33%
29%
35y2
Textile
Dominion
common
2
Products
Heating
Enamel
&
English
Electric class B
Co of Canada
common
Power
Preferred
(Charles)
Gurd
preferred—
Renfrew
Holt,
Smith
Howard
Preferred
Hudson
common—
-
Mining
Bay
Imperial Oil Ltd
Imperial Tobacco
Indust Accp
Canada com..'
International Petroleum Co Ltd
•
Power common—
Woods common
International
& Sons Ltd H(John
Massey-Harris —
Lang
*
*
*
—'
A)—
*
Montreal Cottons preferred
—100
Mont Light Heat & Power Cons
•
Montreal Tramways—
——100
National
Breweries common
*
Preferred
—1
25
National Steel Car Corp
"
Noranda Mines Ltd
*
McColl-Frontenac Oil
*
Ogilvie Flour Mills common..
Preferred
100
*
*
*
—
common..
of Canada
Bros & Co Ltd common
Corp
Price
1°0
preferred
Quebec Power
5 'Jo
Preferred
Corp
Lawrence
St
Class
St.
.
common
preferred
A
Lawrence
Paper preferred
Water & Power
Sher Williams of Can preferred
Shawinigan
&
H
Simon
Co
common—
Power
of Canada
Preferred
Twin
Sons
Canada
Southern
Steel
jWilsils
—
City common..:
Steel Corp—
Cotton
——
Ltd
Preferred
Zellers
Ltd
Preferred
100
*
*
*
25
———*
*
—'*
—-—*
—
Electric
Winnipeg
100
*
common
United
Wabasso
*
25
9
50
—
*
—100
*
25
common..
—
common....
—
110
26
Jan
315
247/a
Jan
15
270
11 y2
Jan
—
Montreal
125
20
120
Jan
125
154
154
20
152
Feb
155
9%
10
2,361
8%
9%
9%
10 y4
8%
Apr
Feb
.
10%
Jan
Jun
10%
1,500
5%' Jan
10 Vz
Jun
8%
3,875
6
Mar
8%
Jun
100'/a
85
96
Apr
100 Vb
90c
65
•i
6
290
215
4
4
15%
9%
130
15%
8%
Jun
1.45
Apr
J an
8%
Jun
3.
Jan
7
Jun
5%
Jan
5%
Feb
Fee
4
14 y4
15%
Jan
Jan
10 y4
Jun
79
Jan
92
Jun
8
Jan
13 Vz
Jun
94
Jan
585
7%
7
Feb
Jan
5 %
75c
155
13%
106% 107
7V2
Jan
40
325
92
13
107
76%
Jun
hkur
11
3,235
10
92
—
13%
100
,
8'A
5%
4
935
8'/a
90c
8%
15 %
10
47
78
7%
8%
90c
7%
4%
Jan
5
Jan
108
.
May
7%
Jun
7%
2o0
7%
Jun
7
7%
1,365
4%
Jan
8
Jun
9.75
9.85
620
8.90
Jan
11
Apr
93
6%
7%
9.85
4
93
93
15%
15%
45
93
May
1,675
12
Jan
May
15%
Jun
98 Vz
Jan
105
Jun
30%
245
27
Feb
32
Mar
14'/a
14%
3,615
12
Jan
15 Vb
11%
11%
1,112
10 y4 Mar
12%
Jan
7J/a
7'/a
250
20
Ltd....
Co
Motor
Fras'er
30
105
Jan
7
7%, May
6%
page
Jan
45
4
750
30c
30c
250
2%
3
825
6 %
6%
215
6
Feb
20c
30c
513
15c
Feb
9%
9%
22
8
Feb
5%
5
5%
18,104
28
28
28
425
6%
7%
233
3
6%i
'••••
:■
7
Company-
preferred
International
Class
Utilities
B
&
"A"
McColl-Frontenac Oil 6%
Jun
27
31
826
14
Jan
35
May
4
4%
305
2% Jan
4%
24%
24%
25
21% Mar
23%
Jun
5%
5%
1,300
3%
Jan
6%
Jun
23%
23%
761
19%
Jan
23"%
18%
18 V4
18%
205
12%
Jan
18%
Jun
18, 18%
495
12%
Jan
18%
Jun
Preferred
$3
pfd. .100
101
100
100
1.75
1.75
60
_>»
Sarnia
"10
6%%
1st
preferred
..
Jan
20
Jun
Bouscadillac
82
May
90
Jun
125
15
125
Jun
125
Jun
Cartier-Malartic
13
100
10
Feb
13
Jun
Central
18%
Feb
23
Feb
East
33
Jan
39% Mar
Eldorado
20 y2
Jun
Falconbridge Nickel
J-M
__
Gold
Mines
106%
Jan
22%
7
Jun
Jun
108
May
Apr:;
55
50
96
96
115
87
Jan
96
Jun
40
Mar
44
Jun
46
Mar
55
Jun
44
100
88%
45
85
Feb
97
Feb
16
16
50
10
Apr
17
Jun
3
3
26
2
Jan
4
Jun
1.04
1.04
10
102
Jan
6
88%
50
7%
88%
■
44
7%
44
.,
•
47% May
Jan
8%
295
6%'
5% Mar
7% Jun
105% May
2% Jan
8%
Jun
Lamaque
Malartic
9%
3,292
285
125
2o%
5
26
2,068
5%
Jan
6V4
Jan
120 Vb Mar
24 Vz
Jan
125
27%
Jun
65
22
Feb
33%
Apr
1,785
26
Jan
33%
Jun
Perron
25
36 y4
Jan
40
56
6iy2
4,994
38
Jan
45%
45%
303
40
Jan
48 %
24%
24%
386
22%
Jan
25 %
5"/4
5J/4
iuO
4
Jan
6
8%
25
Jan
8 % May
Jun
8%
85
85
52
10
52
5
615
10
10%
16
17
1,310
81
81
125
15
15
5
9%
9%
21
21
3'
2%
95
30
3,795
6%
Jun
85
87
Feb
52
Jun
Jan
10%
17%
Jun
62
Jan
82
Jun
14
Jan
16
Jun
6
Jan
20
Jan
1.75
Jan
9%
Jun
Feb
21
3 %
14
525
11%
Feb
14%
42%
170
32%
Feb
44 Vz
18%
938
16% Mar
19 Vz
Feb
Apr
6c
1.13
Feb
1.38
1
1.00
1.05
4,800
.80
Jan
1.18
Jan
4.20
4.60
325
3.15
Jan
4.60
Jun
lV2c
1 %c
1,000
lc
Mar
2%c
6.25
6.25
6.25
500
4.90
Jan
15
15
15
115
11%
4.80
4.80
200
1.80
1.82
1,500
53
53
100
93c
95c
3,420
6%c
6%c
9%
■
1
_1
.
1
\
114
Feb
30
9
May
—
9%
11
11%
120
59%
Jan
72
74%
66%
Jan
76
9%
120
6%
Feb
5%
5%
52
18%
18%
7
6%
425
390
25
2,017
Jan
17%
6
2%
Jun
Jan
19% Mar
7%
Jun
56
56
50
21
Jan
58
Jun
15%
15%
210
13
Jan
15%
Jun
26 %
26%
25
24
Jan
9fil/a
.Tiin
.
Oil
Home
1.85
Feb
93c
93c
100
66V2c
Jan
1.02
Apr
42c
42c
2,100
38c
Jan
45c
Apr
68c
.1
.
..
Homestead
_
Ltd
159
29
147
Jan
mo
252
252
10
223
Jan
254% May
140
140
26
1j2
Jan
14±
Mar
Apr
Oil
&
Power &
Gas
Acme
3,930
32
33
155
120
120
50
3,25
3.25
100
2.60
Jan
4.00 Apr
1.50
1.50
38c
3.25
4c
Range Since January 1
Jan
High
1.80 Jun
514
Jan
12 V2
Feb
33
Jun
Jun
Jan
120
Jun
lie
15%
1.81
Apr
Jun
..
*
Feb
1.64 Mar
45c
Jun
Jan
3.65
Jun
Jan
5c
21 Vz
23'/a
Jan
3c
4!/4c
23%
30c
-3.35
1
1.50
38c.
*
to June 25
both
Jan
2.66
26
Feb
Apr
Exchange
inclusive, compiled from official sales lists
Sale Price
mo
_
Copper
Ltd
Co.
Gold
Armistice
of
Bear
Jun
4.293
5
Jan
15%
Jun
9%C
1,500
6c
Jan
14c
1.20
1.40
44,800
14c
14c
2,000
39,075
13 %c
Jan
5%
1
Jan
1.40
Feb
Jun
9c
Jan
1
Ltd
106
Jan
133 % Mar
101% :101"%
101
Feb
102%
1 %c
1%C
11,500
l%c
Feb
66c
70c
2,700
47c
Jan
84 %c
Jun
47c • 18 VzC
1,500
20c
Feb
48 %c
Jun
101%
1%C
'
%c
Apr
40c
44c
6,100
40c
Apr
22
,27
44,800
22
Jun
5c
5c
6 %c
17,000
2%c
Jan
2.33
2.24
2.40
16)100
15c
15c
17c
28,194
6%c
5c
6%c
17,600
1
Consolidated
1
Mines
Feb
778
445
—1
.
20c
18c
118
.
__
Jun
15c
^ 27
_
17c
108
*
■*
9c
17c
*
pfd ..100
Ltd
Mines
High
117
_
1.35
00
O
4c
150
Jan
Feb
53c
Apr
31
Jun
12%c
Jun
2.40
Jun
Jan
18%c
Jun
Mav
6%c
Jun
161
161
6
9 %C
9%c
9%c
800
8 %c
class A__*
13
12%
13
145
12
Mar
15
Feb
«
2%
2%
2%
200
2
Apr
3
Jun
1
32c
29c <11 %c
37,950
10c
Jan
49 %c
Jun
1
1.15
1.07
1.20
61,796
70c
Apr
1.35
Jun
153
151 %
100
Montreal
*
Mining
Power
& Paper Co
_
•
&
Mines
Radium
Ltd
_
_
.
__
_
.
Gold
.
—
224
50c
50c
50c
45
1
31c
30c
33C
52,650
100
River
Kirkland
155
1
Bell Telephone of Canada..
Bidgood
1.80
15%
14c
•
Corp
Mines
Gold
Jan
14
40%
Exploration
Berens
70c
!
B
Beattie
2,100
1.35
Gold
Metals
Low
1.70
1
Gold Mines
Gold
Range Since January 1
High
1
.
Oils
Canada
Mines
Shares
9 %c
14%
*
common
of
for Week
Range
Low
__
Cons
Sales
Week's
of Prices
1.60
*
Paper common—
Oil.
&
Pacific
Class
65c
80c
'
*
Anglo Canadian
Aquarius Porcupine Gold Mines
Base
Sales
4,960
5.90 Jun
Jan
'•./'•V
Ajax Oil & Gas Co...
Alberta
Bathurst
for Week
1.70
Feb
*
Ltd
Gas
preferred
6%
Bank
15 %
May
4.85
Par
Abitibi
Bankfield
Funds
14
1.52
70
Last
Bagamac
compiled from official sales lists
1.55
500
1,000
Friday
Arjon
1.70
73c
1.81
5.90
—
STOCKS—
Amtn
15.9
14 y4
72c
1.81
5.75
*
:
June 19
Jun
166
Low
Jan
Canadian Funds
166
25
Shares
1.04
72c
Toronto Stock
Jun
166
High
Jun
5.90
_
Royalite Oil Company Limited
Jun
166
of Prices
-
1
*
Co
138%
129
Low
11%C Jan
May
78c
Oils—
Jan
47
Range
Jun
6%
1.44
Calgary & Edmonton Corp Ltd
Dalhousie Oil Company Ltd
Aldermac
138%
Week's
Feb
400
...
Wright Hargreaves Mines Ltd
Aluminum
137
•
1.03
200
Apr
58
Jan
Jan
16,500
.
_
..
9 % May
May
4%
47
Jun
78c
79c
Apr
50%
53
1.50
Apr
565
9%
Feb
Jan
7%c
78c
.1.00
Sylvanite Gold Mines Ltd
Jun
69
74
Apr
2.06
47%
78c
Jun
11
10% Mar
5.20
Apr
Apr
1.50
_
.
_
Ltd
Feb
15 %'
Jan
1.66
Jun
6.50 May
Feb
3.95
Jan
1
.1
_
.
Jun
124
67
100
1.82
.5
Ltd
Jun
124
Jun
lc
2c
1,000
.1.00
Jun
18%
9%
4c
3,060
2c
Jun
13%
124
Feb
Jun
.1.00
..
Ltd.
Mines
Cons
3c
53c
—.
Ltd
Mines
Feb
Feb
Mar
4
__
_
20c
2c
40c
_
..
Jun
100
800
91,000
...
Ltd
10c
2c
42c
Jun
42
30
Jun
2c
%
Gold Mines Ltd
Ventures
16c
Jun
Jan
Jun
56%
42c
1
Mines
Sherritt-Gordon
Sullivan
6
20
Jan
4c
_
Mines
Nickel
Feb
9%
-43%
7,300
Jan
47%
2c
Ltd
Gold Mines Ltd
Gold
Gold
Siscoe
Apr
18c
17
1.38
_
_
Pickle Crow Gold Mines Ltd
Apr
May
10
3c
Goldfields
Ontario
33%
39%
May
61 Vz Jun
200
1.38
Mines Ltd.
Shore Mines Ltd
32 y4
30
20
56
.1.00
—
_
Mines
Gold
Consolidated
39%
30
__
56
A
.
.
Mclntyre-Porcupine Mines Ltd
Normetal Mining Corp Ltd.
155
20
56
■
95c
Ltd
Jun
I5 4
5
106% 106 %
106%
2c
Jun
bJ/4
3%
3c
Limited
9%
--
45 Vz Mar
150
Ltd. .1.00
Mines
Mines
8%
.
8%
9%
8
125
9 /a
20
20
6%
Mines Ltd.. .1.00
Gold
Cadillac Gold
Malartic
Kerr Addison
67
74 h
9A
27
46%
6%
6% May
-1
Canadian Malartic Gold Mines Ltd.
Lake
—
22%
46%
.
_
Ltd
Mines
13
100
Jun
^
22%
*
Corp. Ltd.
Gold
315
Jun
42
18%
Jun
~~25
_
20
15
3
Jun
85c
MinesAldermac Copper
26 y4
9.4
20
Apr
Walker-Gooderham & Worts Ltd, com.*
75
—
Jan
*
15
81
Feb
pfd—_ .100
Canada Power 6%
25
10
16Vz.
5%
75c
*
Thrift Stores Ltd common
15
—
Jun
16%
..
25
--
1.75
63
*
Jun
24Vz
1.00 Mar
Apr
79
*
14 Vz
61 Vz
Mar
290
—50
—
Co
500
—
100
55
14%
33 Vz
Jan
85c
"100
19%
26
30
Jun
98
6%
100
pfd
1st pfd
13 y2
/a
16%
20
18%
Co
19%
b
Jan
Jan
*
19%
14Vz
—
Jun
11
14%
85c
Class "B"
Southern
Jun
9V4
6%
.
Ltd. A
Bridge Co.,
Jun
18%
17%
18
*
Ltd preferred
Co
Grain
Reliance
—-
75c
Jan
4% Jan
51
Jan
*
Corp of Can 6Vo
Part 2nd preferred
Transport
310
110
...
Power
Provincial
Jun
15c
15%
1,455
__
P 6%
L &
12
■*
Ltd
Manufacturing
Paton
8
19%
_
Scotia
Nova
50
15%
vot trust.
Corporation
Aviation
Jun
Jun
Jan
;
3%
200
7%
*
preferred.
Ltd
cum
Noorduyn
13%. Feb
18
17
215
60c
Jun
47
40
10
12
18%
Jun
Apr
100
18
18
Jun
Apr
3%
12
60c
Jun
6%
13% Jan
18
18'/8
14
3% Mar
3%
19%
Ltd
Co
9% Jan
35
13%
15%
—
—
Robert
Mtl Refrig & Storage
Moore
13%
—
19%
Melchers Distilleries Ltd common
Mitchell,
.
.100
cum
Jan
14
.
pfd
Jun
May
7% Jun
Feb
_
Ltd 5%
Jun
5%
28
12
*
preferred
Massey-Harris Co
9%
50
tt
.
3
Apr
May
150
1
Maple Leaf Milling common.
Jan
Jun
6%
23%
*
Paper Co
3%
45c
Jan
3
May
3,406
——
_
_
Power
MacLaren
2% Mar
24%
Feb
Jun
45c
13
*
"A"
Mar
14
"20
Corp
15c
Apr
4
6%
*
Ltd "A
(Can)
2% Mar
'
...
Apr
13
10
—
Jun
7%
13
18%
Fire Insurance
10%
5%
*
30%
*
600
Sale Price
:
—
Trust
2,625
__
•
'
*
A
23
June 25 both inclusive,
2439.
Ltd
Canada
of
37
~
preferred——100
see
39%
.
22 %
Par
Ltd
60
*
36
Friday
Last;
For footnotes
44
14
Shops
22 A
37
Canadian
Aluminium
44
6%
Ltd
90
Montreal Curb Market
6%
77
*
Companies Ltd common
Aunor
7%
Jan
Jan
20
.•>
300
100
—*
©referred
100
cumulative preferred—-.—.-100
Jan
3%
25%
*
Co Ltd
13
--
Abitibi Power & Paper common
2
Jun
3% May
1,15 Jun
.
3%
•
Ltd
125
100
STOCKS—
Jan
v'
Mar
50
Feb
Jan
50c
105
*
Astoria Quebec Mines
June 19 to
37
85c
116
130
"
*
19%
loJ
Royal Bank of Canada
4
2,225
95
300
•
_
A—
90
13
<——10®
Nova Scotia
50
2%
50c
Jun
105
30
100
(Bank of)
common.
•
8
77
Ford
5 Vo
Jun
100
—J00
_
Jan
25c
62
44
«
Class
Candy
Farmer
Aluminium
Dominion
Mar
Mar
6%
_
International Paints
16%
Banks—
Commerce
Jun.
9%
169
165
9%
*
Linol
&>
Paper
Aircraft
Halifax
33%
--
Knitting common
Regent
■!
125
9
Jan
Jan
Feb
6%
*
Preferred ——-id...
Voting
29
and Aircraft
*
Ottawa Light Heat & Power——100
Power
Jun
15
Car
Penmans
May
5,722
29
14 4
11 %
International Nickel of
Ottawa
11%
33%
15 %
105
-*
25
Bronze
Preferred
Lake of the
11%
100
100
Preferred
International
8%
148
160
"
9%
24%
7%
20
Intercolonial Coal preferred
Jun
61%
llUi-
6%
1
11%
*
100
"
Corp
Jan
1.09
50
—
Corp
Paper
Oilcloth
Fleet
28
—
Feb
39%
2%
2%
Fairchild Aircraft Limited..—
25'%
,29
of Can common—5
—1.
Preferred
19%
Jan
1.07 Jun
10
25c
Apr
17% Mar
1
165
39%
36%
v
i
Apr
3% May
Jan;.
95
;
Fanny
5
25%
*
Paper
...
39
5
5
5
<,27%
5
100
Hollinger Gold Mines
200
157
"4%
750
*
Bridge
Hamilton
9%
163
.wii
•
5.00
*
Alabastme
Gypsum. Lime &
20
5
28
*
common
109
5
27%
•
100
common
490
109
1.45
15% Mar
227
125
9%
—100 ~
Wares
19%
125
•
*
17% Mar
':
39%
East Kootenay Power 7% cum pfd. .100
Eastern Dairies Ltd. 7% cum. pfd. .100
37%
*
*
preferred
Jun
60
19%
2T50
Donnacona
150
*
Foundation
5 Vc
■'
30
973
•
1-00
*
—
Electrolux Corp:
General Steel
35%
27%
12%
*
Dryden Paper
20
575
38
25c
*
Ltd
Co
Sec.
Dominion-Woollens
136 y2 136 Vz
100
*
Eastern Dairies
Gatineau
30
43%
Chemical common—*
Preferred
383
3%
38
15,7
¥.00
Div.
Consolidated
Dominion
12%
*
Ltd—
Stores
Dominion
Dominion Tar &
9%
43 y4
-—25
& Coal B
18%
3V4
100
Preferred
29%
25
100
100
:
Dominion Glass common
Dominion Steel
32%
9 Vz
32 y2
35
*
*
common
Seagrams
Distillers
18%
9%
$i\,/
...1
_
—
Consolidated
T-*
Glass—
Consumers
Dominion Bridge
Jun
common—'1'
common.
Alcohols Ltd
Preferred
35
35
——
5
Smelting
22%
v
17% Mar
39%
»
Ltd
Westinghouse
Commercial
12%
43%
plow "
Consolidated Mining &
480
V:
City Gas & Electric Corp Ltd
10
12%
Canadian Cottons
—
_
Chateau-Gai Wines Ltd—
22
*
common.:—•
1%
participating preferred
25
Canadian Celanese common
_•
Preferred 7%
10°
Co.
Paper Inv
&
Vickers
Canadian
8%
8
Canadian Car St Foundry
Canadian Converters
15
14%
10
Canadian Bronze common
Pnolf^hiitt
21%
*
cumulative preferred-
1%
*
*
•
—50
—
Corp
Power
21
^V"'
"100
preferred..:
cum
Canadian
3%
*
100
Cement common
Canada
Feb
"
5%
~
5%
100
Marconi
Power
Candn
*
—*
A—
Jun
383
*
class B~
—....
preferred
Canadian
152
26%
.*
—~
Building Products class
Jun
6%
11%
." 7%
Canadian International Inv Trust Ltd."
'
—■
Bruck Silk Mills
preferred
3%
Jan
19 %
.100
Investments Ltd
Canadian
Feb
9%
.
39%
_
pfd
2%
103
38
*
-
High
510
A.i '
*
_
..
116
Columbia Power Cla,ss A
British
n
Sugar Co
IOIV2
24 y2
100
Canada
Telephone Co of
T L & P
Brazilian
6%
—.———
Dominion
&
Canada Wire & Cable 6%%
7 Vo
6%
*
Preferred
9"%
,
Low
3%
11%
18%
•
100
__
.
3
10%
21%
.
_
Packers Ltd
Brew^common
Canada
:■■■'
Ltd
Co
Canada Malting Co Ltd.
—
*
50
•
*
*
common
of Canada pfd
Aluminum Co
Columbia
C'andian
—
.
*
*
Agnew-Surpass: Shoe common
Algoma Steel common
British
Shares
Oil
American
~i~5
Range Since January 1
High
3
Power
British
for Week
Range
of Prices
Sale Pries
"
STOCKS—
Corp Ltd
Distillers of Vancouver
&
Brewers
Sales
Week's
Low
Shares
10%
*
Paper class B
Power &
Beauharnois
June 19 to June 25 both Inclusive, compiled from official
Friday
of Prices
Pi f
Funds
Canadian
"i':'
Sales
for Week
Range
Sale Price
STOCKS—
.
Feb
161
Apr
11 %c
155
140%
Jan
50c
Jun
70c
9%c
Jan
35c
Jun
Feb
Jun
Apr
Jun
-
Blue
Ribbon
Preferred
ft
common
1
...
..
-
.
—
—
7
100
4%
Feb
7
Jun
39
40
55
29%
Jan
40
Jun
,
THE COMMERCIAL
243S
& FINANCIAL CHRONICLE
CANADIAN MARKETS
Last
Bralorne
9.75
American
Columbia
British
Columbia
Power
British
Dominion
25%
Jun
Kirkland Lake Gold Mining
28 %
Jun
Lake Dufault Mines Ltd
6%
6%
6%
540
5%
21
21
21%
947
17% Uan
19
18%
19
830
17%
class
*
26%
15
14%
15
27c
5%
75
%
90
93
75
147
142
147
11
66
Jan
129
Jan
615
1,475
22
130
12%
13'A
1,530
9%
9%
75
29%
29%
260
33%
35
440
30
30
20
138
138
25
5'/a
5
5%
680
24%
24
25%
330
10
Jan
26
22%
22%
140
15
Jan
23 %
Jun
1,500
54c
Jan
1.13
1
1.13
1.10
1
7%c
7%c
4 %
3%
7Vac
Jan
2% Mar
1.34
11c
4 %
IOV2C
Jan
47c
Jan
1.40
2.35
2.30
2.35
385
1.09
96c
1.12
39,650
18c
435
18c
1.00
500
1.05
2,900
Apr
2.65
1.12
Jan
13%
Mar
85c
Jan
20c
305
9%
Jan
13%
1,533
37%
Jan
130
130
3
24
4c
24
20
4
4
10
18c
25
1.50 Mar
23c
7,700
4c
2.000
3%c Mar
4%c
445
25%
Jan
33%
23 %
(23%
.305
18%
Jan
25%
"83
142%
Jan
20%
Jan
25'A
107
107
20
9%
665
9%
7%
741
6%
Jan
8 %
Jan
7%
Jan
14%
4c
Jan
10c
17c
4%c
Jan
1.34
1.32
1.39
24,990
1.09
Feb
14
14
100
_
*
1
Hollinger Consolidated Gold Mines
Oil.—------*
Oil & Gas—
1
Homestead
—1
Gold Mines
Bay Mining & Smelting
*
■—*
*
1
————
-100
•
5
;
...
Imperial Tobacco ordinary
Imperial Varnish & Color common
Mining
& Develop
Metal
Co
Jan
93%
13%
500
8
Feb
13 %
Nickel
13 %c
14c
500
12c
May
20c
1%C
1%C
1%C
2,000
85
83
86
238
55
55
2%C
2%c
1,000
5%c
5%C
500
5
4%
5
280
21%
20'/a
54%
—
,
m
3.9
6%c
Jan
lc
Feb
IV2C
86
Jan
55%
3
May
May
7
5
14%
Feb
21%
Jun
4%
3%
Jan
20%
11%
200
10%
Feb
3%C
2,000
2V8C
Jan
1,200
ll%c
Jan
17c
6%
7
1,055
5
Jan
5 'Ac
5c
6'/aC
32,850
7%
7
7%
1,120
100
100
30
3%
4
200
47c
48c
49c
15,200
4c
Feb
4%
Jan
85
Jan
3
May
40c
Mar
4%
58c
3'/aC
3'/aC
1,500
2c
Apr
3%c
40c
40c
1,000
40c
Jun
47c
9.95
"
12%
12%
360
62
7
Jan
62
25
55
Jan
1
157
Jan
175%
15%
Mar
12%
6 % May
7%
Apr
6'A
50
8%
8%
100
30c
32c
2,400
30c
8
26c
Apr
Mar
Jun
9
Western
10%
Jan
16%
50
90
Jan
99
Westons
94
94
10
90
Jan
97
•
•
115
116
360
112%
Jan
*
37
36%
37
1,700
33
Jan
•
19%
19%
20
2,262
*17
Jan
60c
60c
400
l
2439.
7'Ac
7%C
1,500
20c
6c
May
Mar
116
39%
Jun
Jun
Apr
20%
Jun
60c
Feb
Jan
2.15
Jun
10
10
10%
200
Jan
10'A
Jun
Jan
91'Ac
Apr
82c
90c
10,400
2.06
2.10
22,100
23c
23c
500
20c
Feb
21c
21c
500
20c
Mar
25c
Feb
Jan
53c
Jun
9'Ac
Apr
Wood
;
—-
(Alex
48c
48c
1,502
3%C
4,000
2c
4c
4'Ac
3,500
3%c
Apr
140
140
4
140
132% May
21% Jan
24%
200
17
18
274
15
375
175
40
152
4 %c
1,000
2
100
24
14
14
14
2.89
2.95
3c
3c
3c
27c
.
18
Jun
175
May
Jan
3
23,400
18c
Feb
Feb
Mar
14%
Jun
Jan
3.25
Apr
4%c Mar
2'/aC Jan
1,500
24c
Feb
Jan
Apr
Jan
6c
1.86
Jun
Jan
Jan
12
5,160
27c
25%
1$
135
2.90
4%c
142
2c
31c
Mar
19'A
16% Mar
May
Jun
18%
1
3c
18%
90
2%c
3c
1,000
2c
May
Jan
1.05 Mar
1.03
91c
91c
95c
1,500
85c
1
95c
92c
96c
11,216
67c
8%
9
223
8
Mar
19
10
10
4c
Jan
11
12
155
3'%
100%
102
90
867a
41c
41c 41 %c
3,470
39c
40c
38c 40%c
28,350
29c
2'Ac
1,000
2'Ac
19
6%c
7c
20c
500
19
19
2%
980
9%
9%
320
47/'B
5
245
25
2.28
71,065
2.35
3%
3%
325
13c
1.90
2.18
13c
1,000
1.90
2.00
2,185
1,900
1.80
1.80
12'/a
12'/a
40
2.95
2.90
2.95
2,535
1.92
1.90
1.92
760
7%
20
104
106
30
71c
67c
71c
4,600
76
76
10
14c
14c
Jun
Jun
12
Jun
Jan
102%
Jun
Mar
45 %c
Apr
Jan
45c
Jan
3'%c
•
Jan
8c
Jun
20c
Jun
35c
Jun
10
25
2%
9
20
Jan
3'Ac Jan
32,600
20c
7c
Feb
Apr
Feb
1 %c Mar
Jan
19
Jun
Jan
3
Jun
Jan
10
Jun
4'A May
59% Jan
5
Jun
1.10
,
7
66
1.51
73
Apr
Jan
76%
Apr
Jan
2.40
Jun
3
Mar
10c
Jan
1.46
Jan
1.38
Jan
10'A
Jan
4'%
13c
Feb
May
2.10 Mar
1.95
Jun
12% May
Jan
3.20
90c
Jan
1.94 May
6
Mar
8
May
100
Mar
106
Jun
1.95
Apr
61c
Jan
75c
Jun
68
Jan
76
Jun
10c
May
18c
Feb
35c
Apr
74c
Jun
6
Jan
22
May
*
64c
60c
66c
2,233
15,400
.*
8%
7%-
8%
2,124
*
25
25
25
Jun
13
14
675
7'A
Jan
14'A
Jun
33'A
510
32%
Jan
37
Feb
1
_I
50
25
*
A
33
33
50
85/a
Jun
5
5
10
3%
Jan
5
Jun
5
8c
1,600
5%c
Jan
10c
Jun
8c
8c
5%
725
1.44
32,400
4'%
Jan
6
Apr
5.75
6.00
13,603
1
&
1.33
•
Ltd
5%
1.37
5.90
25%c
25 %c
26c
83,300
4.50
4.70
7,897
4.95 Mar
4.55
Jan
*
——-——>
_—1
Mines,
5%
1
55%
21
55%
56
572
47
Jan
56% May
Worts com——•
•
9%c Jan
3.40
1.44
Jun
6.25 May
29c
Jun
21
405
19
Jan
21
May
21c
850
19c
Jan
24c
Mar
6%
6%
30
'3
Jan
8
Jun
-.100
86
14%
_;
14%
Jun
90
100
40
Jan
15
250
12
Feb
15
May
94
Jan
101
May
-
2%c
1,000
l%c May
6%
6%
644
3% Apr
7'%
Jun
56%
82
5
2%c
6%
preferred—100
.__*
86
91
100'/a 100'/a
—1
*
100
——
Jan
21c
*
Mills common
Jan
20%
-100
James)
4.40
*
common
common
and
95c
1
Mines Ltd—.
Flour
.
58%
113
20
Jan
59'A
Jun
69
Feb
82
82
82
10
3.25
3.35
4,665
2.50
8'Ac" 8%c
1,500
8c
6
121
6
40
40
$2,000
Jan
Mar
3'Ac Feb
4.20
Jun
Apr
10 %c May
5% Mar
8
Jan
Feb
45
Feb
BONDS—
Uchi 6%
23c
May
104
——
Knitting
2.25 Mar
Jan
2%c
Wright-Hargreaves Mines.—
3.30
Ymir Yankee Girl Gold-——-—'r w
York
1.72
31c
160
,
Canada
Ltd
58c
88c
*
Oils
Gold
6
Jan
2.09
7%
Preferred
Jun
10c
1.25
68
Preferred
Apr
,
7.080
1
Wiltsey-Coghlan Mines-—
Winnipeg Electric common.
Mar
94
2.15
74%
—
Preferred
Feb
.—100
Wendigo
Mar
4,744
1.95
73c
_*
Preferred——
May
35c
Feb
2.05
66 %
Canada—
Walker-Gooderham
Feb
6%
1.90
74%
Oils
Waite-Amulet
Jun
10
May
100
1
*
—
Vermilata
Jun
Jan
1.28
1
Corp—.'—100
Ventures, Ltd.
16% Mar
175% 175%
1.05
4.600
*
Jun
32% Mar
Jan
Jun
1.60
-100
22 %c
Jan
23c
17%c May
1.55
7%
22c
Jan
Jan
Apr
4%c Feb
4,300
66 %
Upper Canada Mipes Ltd—
Jan
92c
76c
*
1
United Steel
7%
Jan
73c
74%
class A
class
98'%
2c
4,200
Jan
57c
11,000
5
Trusts
Co of
Feb
Jun
88 Va
25,600
*
Ltd
Feb'
26%
88c
2 %c
20c 21'Ac
*
Jun
17 %c
84C
*
Apr
75
200
*
J.
Mines
Fuel
United
40,800
73c
-•
Co
.-
Class B
5%c
98%
9c
21c
*
*
Oil
General
Gas
United
Feb
5c
98
2%C
88c
_1
Co
Mines.
Class B
Mar
530
Jan
5c
98%
19
______"J
United Corp
6,850
Jun
11'Ac
8%
Mines
Canadian
Jun
12%
Jan
8%c
1
Towagmac Exploration Co
Transcontinental Resources
Jan
30%
May
0
Mines
Iron
Jun
30
72c
29c
__l
_
River Gold Mines
Union
.12%
Jan
50c
_
Tip Top Tailors common
Jun
Jun
Mar
38c
,—25
Toronto
Jun
61c
*
Canada common
Preferred
Jun
4'%
1.100
1
___
Gold
1.30
90c
5.500
65c
1
Ltd common
Teck-Hughes Gold Mines
Texas
2.00 Mar
75c 81 %c
4%c
Coal
fivlvanite
Jun
65c
*
Rock
Feb
1.04 Feb
75c
_
Petroleum
of
Apr
8%c
65c
.100
Petroleum
Radio
Co
48'A
May
Apr
3% May
10
Mines
Gold
End
Jan
Jan
1.00
100
74c
100
-
3.70
485
1,100
4%
3'Ac
1
Mines
Jun
95
.1
_
5%c
12
1.20
4%
-
11%
11%
1.20
1
preferred
Jan
11%
1.25
Jun
1
-
Apr
11%
200
1
Mines-
Gold
3c
8,421
2.00
l_*
Power
2.65
14%
18,824
2.00
1
8.50
14%
500
96c
3
...
5,495
14%
1,028
5%c
Jun
Jan
1.70
4%c May
_•
~
Toburn Gold
16%
„
..
2,310
12%
45%
50c
Jan
6%c May
-
14.000
65
40
45
156
Feb
59,810
•
3.40
22c
1.05
93C
__
4%C
—
35c
5%c
95c
*
4c
—
617
...100
3.25
22c
1$0
Mines—
9.75
30%
2,716
1.50
___
3.40
Jan
44c
45c
1
&
Dairies
Feb
94
class B__
__
9.95
•
J^n
478,200
Tamblyn
7%c Jun
100
125
_
Water
Lake
Steep
12% Mar
8
50
29c
B
Sterling
7%c Mar
15c
7%
156
1
Preferred
Jun
1.5c
—
Steel
Jun
5%
3%C
6%
Jun
156
156
8%C
Preferred
Jun
16 % May
59'%
>>
Standard
Jun
3%
25
Jan
Mining
Jun
195
265
38
23c
Sudbury Basin Mines
300
3.9
1,175
.
Sturgeon
4'A
5%
Jun
59%
...
Apr
21%
'
May
55%
6%c
Standard Paving & Materials com
2%c Jan
5
May
9
•
7c
Gold
Southwest
Jun
Jun
2c
Jan
19
common
Standard Chemical
Jun
51%
44%
48
47
<•
Ltd
Malartic
South
Jun
Jan
62
Jan
...50
Gold
Gold
Slave
Feb
3c
10%
10%
Sisc'oe
Feb
14.800
27
Jan
..
River
Sladen
Feb
6'/8c
Jan
Jan
Gold Mines Ltd
Preferred
May
14%
common
A
Class
29 %c Mar
Apr
5%c
preferred—.1—100
page
Jan
10c
95
Mining
see
12%c
5.500
16%
Petroleum
footnotes
5,879
12c
*
A
preferred—
Utilities
4c
21c
4c
24'/4
6
_
common
Corp
Silverwoods
Jun
Jan
95
May
12
1
Simpsons Ltd class A....
Jun
3c
40c
1
-
Lawrence
Feo
Jan
1
—
-
Sherritt-Gordon
Jun
77
2,000
26
Jun
28c
100
C
Anthony Gold Mines.
Sand
Feb
.——100
common
Preferredj—.
Milling
*
1
32c
10%
180
29c
Mines
Gold
Industries
Class
Jun
50
5%c
£1
—
Mar
23%
14c
14c
100
common
8
Mar
8'A
Jan
825
__
Long Lac
San Antonio
Apr
4c
—
1
5
St
Jun
12c
—
■
—
St
Jun
6%
20c
20C
——J—
-
5%c
Jan
13
—
'
—1
Hedley Mascot Gold Mines
Oil
Jan.
3%
■
18c
Feb
1
Mines
Gold
_
Jun
2%c
95
93
5%
Harding Carpets Ltd——
Hard Rock Gold Mines
——
Class B
9
12,500
93
19
Imperial Bank
230
5c
10'A
common
Ltd
Hamilton Theatres preferred
bome
Preferred
Jun
25
10%
Jan
4
1.22
Feb
815
of Canada
Co
East
Russell
Jun
5%
May
11c
*
Sheep Creek Gold Mines
18c
1,500
14 %c
13%c
*
Jun
12
Jan
*
B
4.80
2,700
1
*
—100
Mines of
Jan
28c
Jun
7c
19
Mines
Gold
Gold
3.10
9
3c
Apr
1
5,175
25c
99c
5c
8%
_
4.80
25c
Jan
l%c May
800
Ltd
Mines Ltd
Gold
Shawkey
*
*
83c
22,000
Mines
Mines
Gold
Jun
Jan
10,700
3c
6c
47%
.
6%
19%
87c
6c
19
*_
Jan
1,619
85c
l%c
i
4%
23%
Apr
—1
Malartic
Shawinigan
23%
56
*
Royal Bank of Canada
Royalite Oil
May
22
Feb
*
Porcupine
Feb
Feb
47
86C
*
__1
Tubes
5%
12
885
47
Ltd
Corp
Ltd
Oiis
Jun
15
53
8 %
common
Senator Rouyn,
18
Mar
wn,„-l
Jan
18
100
2%C
100
70
_
Jan
_♦
Nickel
1.20
25
92%
a—*'
»
Mines
Gold
Jun
20
135
52 %
53
*
♦
Mines
16'
23%
Wares
.
Ltd
29
*
»
Gold
Oils
Jun
8
100
5
Oil
8%
Jan
8
100
*
Mining
Jan
Mar
8
1
Empire Mines
Jan
21
19%
45%
Apr
'
Jan
1
Star
Jun
14'%
6
Jun
Jun
1,350
»
Roche
Jun
5%c
19%
Oil
12
24
2%c Mar
1.50
8Uc
5%
1,125
Apr
17
1
A
6
4%C
5c
*
4.20
4.70
5c
7
9'A
•
19
—
20
3%
Jan
5
Co
50
5
Jan
10%
25
Apr
"
19%
common
45
.
4%
65
Jun
Jun
20
Mine?
Sewerage class
25,990
3%
Jan
100
16
6'A
6'A
9%
„
6
4%c
*
Corp
29
3%
4%
7%
Feb
Apr
Jan
Light Heat & Power
1.08
28
93c-
93c
1.45
6%
7%
1
5
Reno
Jun
3,006
89,600
6%
15%
Prospectors
Mar
16c
6%
15%
26
Jun
6%
18
26
Preston
Jun
8%
6%
6%
2%c
5%
Premier Gold Mining
Jun
2%
12 %c
6%
%c Jan
8,250
Power Corp
Jun
1,645
24'A
—_—41
Mines.———*
10%
4,735
13 %c
4,000
34c
Pioneer
Jun
8%
1
*
Ltd
Jan
7%C
2.09
1,754
of Canada
Pickle-Crow
Apr
10%
7%
1°°
Hunts Ltd class A
5%
108
1 %C
Apr
1.65
9%
Mines—.,
Queenston Gold Mines
14'A
1
common
Feb
8% Mar
19.500
*
Mines
Jun
6%
7%
1
class A.
Mines
557
10%
105%
1.86
1.25
1
Lake
Gold
Jun
Jan
70c
9 Vb
Mines
Jun
26 %
1.80
100
Airways
Quebec Gold Mining
12%
8%
13%
*—25
Candy Shops-
495
9%
9%
*
v
Trust
Mines—
Co
24%
1.86
32c
Perron
*
24%
6.560
9%
Paymaster Cons Mines Ltd
Apr
166
1.09
1
Pamour
Apr
3.67
1.07
Porcupine Mines
Partanen
Apr
33
164%
Apr
1.07
203
Pacaita
Feb
20c
4.c
33
—
Apr
1.84
•
.;.
Page-IIersey
Jun
Jan
3.40
1.51 Mar
2.30
1,400
Omega
Apr
4
10c
Jan
22,950
8%
Ontario
Jun
••
.
T,500
1.85
1.61
O'Brien
Jun
Feb
21
3.05
1.74
8
Okalta
45 % Mar
130%
3.00
1.80
1
-
Preferred
1.20 Mar
13%
44%
Jan
Jun
3.00
1.57
North
May
43%
123
20%
*
Northern
Jun
13%
43%
Apr
Noranda Mines
Jun
lGc
18
*
common
common
Red
Normetal
Jan
Jan
9%
340
Nordon
Jun
12%
20%
Nipissing Mines
May
65c
12'A
19%
Jun
14,200
12%
20%
*
Apr
22,100
2.15
Feb
•
Negus Mindis
Apr
33c
75c
19%
10
:
Milling
National Trust
Jun
1.40
19 %c
*
1
Hamilton Bridge Co
Waite
Jan
1.00
90c
Jan
470
*
National Steel Car
Feb
Mar
22
*
Natl Grocers common
Feb
20c
1
...
Gypsum Lime & Alabastine
Halliwell Gold Mines
For
2,725
19%
1.00
22
Corp
Moore
85c
Jun
1
Mines
Mines
Eastern
Gold
National
Jun
1
Fields
Graham
Montreal
12% May
135
1.31
1
Greening Wire——
Jack
15,100
>
Feb
30c
*
'.
Grull Wihksne Gold
International
5,100
9c
4 Va
7%
1.32
__—-—
International
8,496
23%'
Saddlery
International
Jun
90c
,4
International
5%
90c
4'A
"A"
Jan
3%
90C
*
Class
Jun
Apr
—
International
138%
Jan
Gold Mines
Inspiration
Feb
16%
*
of Canada
Preferred
133
95
———.
Imperial
Jun
65
preferred
& Erie
Jun
31
1,400
Common
...
35
Jan
Feb
Jun
22
Moneta
Apr
Jan
22
1.20
——
Huron
30%
27%
17%
—
Hudson
27% Mai
'
22
Mining
Apr
67c
7,350
Mercury Mills Ltd
Jun
9%c
11%
3%c
Jan
60 %c Jan
3.920
V.
Jan
lc
Jun
1
Gold
;
McWatters
Jun
May
10
7% Mar
11%
*
Gillies Lake-Porcupine Gold Mines—1
God's Lake Mines Ltd
*
Goldale Mines Ltd—
1
Gold Belt Mining—
—50c
Golden Gate
Mining
1
Goodfish Mining
—1
Goodyear Tire & Rubber of Can corn—*
Preferred
50
Graham Bousquet Gold Mines——1
Grandoro Mines Ltd.:
—:.——-—*
Great Lakes Paper com v t c
——*
Preferred v t c
*
Howey
13 %
1.17
preferred
Home
Jan
11%
Aircraft Ltd—
Harker Gold
-
10 %
17%
Investment
Gold
Apr
9%
22
1.17
Federal Kirkland Mining
Gunnar
Jan
Jan
11%
Steel —
West
Jan
6%
19
17%
Co
McKenzie
McLellan
Jun
28
1
1
Oil
Preferred
39
130
9%
&
McVittie
9%
Apr
15
3%c Jun.
5,000
Apr
5.30
Jan
1
Mclntyre Porcupine Mines
Jun
74c
3.65
16
Jan
13 % Mar
125
83c
71c
.
10'A
1,200
3c
82c
74c
.
*
Preferred
Mar
83c
*
2%C
2%c
1
Ltd
McColl Frontenac Oil common
3% May
37%
29'A
English Electric class B
*
Equitable Life Insurance
25
Falconbridge Nickel Mines————*
Great
86%
140
9
25
Mines—
Mining
Steel
Jan
Boxes class A—*'
Rv
M'alartl'c Mines
General
1.35
37%
25
*
Mines
Power
15
185
3,100
11%
1
Preferred
'
13%
—
Francoeur
85
Gold
Massey-narris
Jun
21%
9%
21%
*
50
"A"—*
*
2%
3%
83
3%
20
*
*
common
195
5
137 138%
'
——
*
*
—100
Dominion Foundries & Steel com_
*
Preferred
100
Dominion Steel class B_—
2»
Dominion Stores
-*
Dominion Tar & Chemical common..—*
Dominion Woollens & Worsteds com—*
Preferred
20
Fleury-Bissell
Jun
138
5
5
Bank
Farmer
150
4%c
4%c
_3
Maralgo Mines Ltd-,—_
Jun
Jan
124
93
—100
*
common
Gold Mines
Gold
Jan
9%
4%c
11%
Mines
Preferred
Jun
Jan
Mines—_
Crest
8%
846
Ltd
Lake
Preferred
Jun
Corp—Seagrams common—*
Duquesne
Feb
Red
Maple Leaf
May
Nickel
5%
8%
6
Petroleum
Gatineau
Jun
14%
Denison
Co
Jun
40
Apr
38
Distillers
Ford
40
Feb.
20
Jan
Corp common—
Fanny
Jun
36%
y
675
15
Maple Leaf Gardens common
Jun
26
35
90
—
Fleet
25
52
Jan
*
Chemical Research
1
Chesterville Larder Lake Gold Mines—1
Chromium M & S Corp Ltd—
*
Coenenour Willans Gold Mines
1
Cockshutt Plow Co
*
Commoil Ltd
A
*
Coniaurum
Mines
*
Consolidated Bakeries of Canada
*
Consolidated Smelting
5
Consumers Gas (Toronto)
100
Cosmos Imperial Mills
*
Eldorado
140
40
40
8%
common
Porcupine
Eastern
25
40
8%
Chateau Gai Wines-
Dominion
Jun
31%
Quartz Mining—
Pat
104%
38%
—
common
Central
Jan
92
137
Alcohol
Central
Jun
381
Castle-Trethewey Mines
Economic
80
8%
4.90
61c
*
Manitoba
Jan
12%
General Electric
Pacific
Malartic
Feb
4.80
14%
Macassa Mines, Ltd
MacLeod-Cockshutt Gold Mines
Madsen
Jun
15
*
1
Class B
Jun
Feb
82c
15%
Ltd
Gold Mines,
Jun
6%
4l/4
1,620
103% 104'%
104%
35c
35%
Canadian Wirebound
Eastern
8%
Leitch
Jun
3
100
8
■
East
5%
Jan
21c
2,350
1.75
12
—
Gold
27c
Gold
70c
May
14%
Candy
Mines
Oro
Little Long Lac Gold Mines
Loblaw Groceterias class A
11% May
35%
class
Canadian Locomotive Co Ltd
Dome
Jan
35%
Canadian Food Prod
Davies
Feb
12%
Commerce
Canadian Celanese
Dairy
9%
Feb
*
common
preferred
Canadian Car & F'dry Co Ltd com
Canadian
Jan
1.15
*
Convertible
Cariboo
15%
15
23%
preferred
Co
Jun
J~
50
common—S*
J-~—-—100
Canners
Oil
Apr
9c
3,230
8
—
Preferred
Canadian
2.55
1.55
A.—
Lines
Bank of
Industrial
13c
Jan
10'/a
27c
J—__*
Mortgage——I—100
Preferred
Can.
Jan
1.60
3'Ac Jan
'13
Mar
1.50
1.55
Ltd
Canadian Breweries
Preferred
Lebel
Jan
40c
14%
*
6.50 May
Jan
55c
1
.•
Secord
Laura
Apr
6,654
71c
82c
Jun
4.75
6,300
60c
80c
•
Jun
3c
63,800
61c
Ltd
Cadillac
Lapa
Jun
62c
6.30
6.05
22c
13c -4
1,000
6.30
High
Jan
l%c May
12,600
3C
1
Lamaque Gold Mines
40%
10%
*
Power-
Canadian Bakeries
1st
Jun
Mines,
Low
22c
—1
Lang & Sons Ltd
v
Mar
*
commonX^*
———100
Steamship
Canadian
615
27%
Shore
Lake
4%c
1,810
19,500
Jun
Jan
23%
1,500
2.40
7%c
40
Canadian
11c
10c
2.30
20
Jan
46c
6%c
22%
Apr
Jun
Apr
19%
11,900
7c
V.-:-
Preferred
Canadian
53,553
53c
2.30
common
Permanent
5 %
227
40%
51c
1
B
Canada
27%
35
51c
26%
40%
A
Ltd
7%
Feb
Range Since January 1
High
3c
1
Mines—
Jan
Canada Packers Ltd—
Can
Gold
Jan
Gold Mines
Northern
Kerr-Addison
14%
Canada Foundry class A
Canada
Jun
23%
Canada Cement
Class
10%
25
Gold! Mines.
Canada Malting Co
Jan
Shares
20c
21c
1
7,550
Calgary & Edmonton Oyorp Ltd
Calmont Oils Ltd—
Preferred
"7.40
Mines
25'A
Corp—
Bread
1,585
Jason
27%
—*
Burlington Steel
Canada
Jellicoe Mines
25%
Products Lt
Building
Apr
26 %
Oil
Broulan Porcupine Mines,
Ankerite
19 %c
25%
Packers Ltd
Canadian
Jan
26%
Oil
British
Oil
9%c
Low
1
*
_
British
Buffalo
Mar
2,000
10%
12c
•
Brewers & Distillers-
Brown
Par
Jan
25
erazilian Traction Light & Pwr
Buffalo
High
8c
Sales
for Week
Range
of Prices
Sale Price
com—*
5
preferred
Cordage
STOCKS-
6,700
17c
Ltd
Mines,
Brantford
16c
*
Mines
Gold
Low
9c
9c
Last
High
9c
.__1
Bobjo Mines Ltd
Bonetal
Low
__l
Week's
Friday
Range Since January 1
Shares
of Prices
Par
Listed and Unlisted
for Week
Range
ale Price
-
Sales
Week's
Friday
STOCKS—
-
Monday, June 28, 1943
26
THE COMMERCIAL & FINANCIAL
Number 4189
Volume 157
%
■.
'A
\
'
'
Par
Low
•V'
Shares
Range Since January 1
High
Friday
Last
Sale Price
STOCKS—
Sales
Week's
for Week
Range
Range Since January 1
Low
High
*
10 %
10 %
70
-~1
2%
2 Ms
210
Canada Bud Breweries Ltd
Marconi
Canadian
;
2%
1.40
—5
Copper Co Ltd-
High
'■
28%
29%
5%c
200
14
14
1.75
1.90
5%C
Jan
8,390
5%c
Jan
29c
2,100
5 Vic
Oil
Silknit
3% May
1.20 Jan
.1.80 Feb
85c1
Pend
Oreille
28%
_
♦
Ltd
Selections
..
-
script
i
_
10% May
Jan
.*
Dominion Bridge Co
Ontario
fi t Feb
.
220
1.40^/
39c
High
Jan
70
10
3
500
Jun
5%
91
Apr
47c
'
Jun
'
Shares
of Prices
Low
78
K
11,085
38C
*
5%
78
Corrugated Paper Box preferred,-- ,100
Dalhousie Oil Co Ltd,—.
Par
Coast
sales lists
both inclusive, compiled from official
June II) to June 25
5
5%
Low
>
Canadian Funds
Consolidated Paper Corp
'•
.j»;
for Week
Range
of Prices
Sale Price
STOCKS—
Sales
Week's
Friday
'
Last
S(ock Exchange-Curb Section
Toronto
2439,
CHRONICLE
Mines &
Metals,
Temiskaming Mining Co
1.80
1
—
1
..
,
.
—.
25% Jan
6,000
Apr
5%c
Jun
7
May
12
i
25 ■:
30
Feb
14
Jun
M
Jan
1.05
Jun
1.90
8%C Jun
5%c Jan
OVER-THE-COUNTER MARKETS
Quotations for Friday June 25
Insurance
Investing Companies
Bid
Bid
Par
7.44
3.38
1
Aeronautical Securities
1%
10
1
American Foreign Investing_10c
Assoc Stand Oil Shares
2
Affiliated Fund Inc
Corp
American Business Shares
'
.
•••
.
.
.
-j
\
14.38
in
136%
B-2
m
Series
-
;
Fund Inc
;
Inc
Ltd.
28.60
19.72
Series
B-4
9.37
10.29
Series
K-l
15.79
17.29
Series
K-2„
16.77
18.51
;
24.51
26.89
;
12.74
10.29
11.34
334
Series
4.44
S-3
3%
3.84
4%
Series
4.93
S-4„
16.74
26.82
14.80
18.00
28.99
16.22
6.35
7.02
Loomls Sayles
90.58
92.70
Loomis
38.02
•'
Trust
Century Shares
Chemical Fund
3.05
3.75
27.87
29.97
1
Fund Ltd
Inv
1
10.C4
10.87
Christiana Securities corn—100 2,400
2,500
Preferred
100
140
144
Commonwealth Invest
1
4.59
4.99
Consol Investment Trust
1
3514
37 A
Fund
Mut Fund—■
*
Sayles Sec Fund—10
53%
33
1
Accumulative series
1
Series AA mod——*—
1
Series ACC mod-1
ACrum & Forster common—10
A8% preferred100
Series
&
Crum
100
preferred
A7%
2d
10
31%
29%
6.88
7.44
3.17
3.57
L
6.78
7.46
4.39
4.86
Series—*'
series
3.60
5.55
6.25
series
England Fund
New
25c
1.23
1.35
20.57
13.33
Stocks Inc—
9.89
10.87
5.89
6.49
10.65
11.70
8.61
9.47
-i.
6.80
7.48
L
8.80
9.68
—
i.
Building supply
Chemical
equipment
Insurance
19.60
21.05
11.77
12.63
29.36
31.57
31V*
32%
American
National
14%
16%
National
Union
54%
57%
New
38
41
_■
Automobile
_
7%
,2%
25
87
632
Camden
5
York
20%
19.16
Fund Inc
*
Financial Industrial-Fund,- Inc_
First Mutual Trust Fund
5
17.79
10
A___l
9.85
Invest Inc
2
Fundamental Trust Shares A__2
B
*
21.46
23.52
4.71
5.62
1.81
1.99
5.64
6.31
I,
North Amer Bond Trust ctfs
North
Amer
Series
Trust shares
—
j-
—
18%
36
2.13
2.29
/
-
'
31.95
34.35
1
.5.09
5.49
Group Securities—
6.55
7.20
shares
5.75
6.33
shares,.:
7.16
6.70
7.37
Automobile
Aviation
shares
Building shares—;
6.14
6.76
Electrical Equipment.
9.22
10.13
4.95
5.45
General bond shares-
6.89
44%
Scudder, Stevens & Clark
Fund, Inc
——
*
89.21
in
67
71
Reinsurance
10
80%
84%
Republic
5
12%
13%
Revere
Income
9.33
Firemen's
Franklin
of
—
Newark
ft
29%
ft
50%
53%
10
Fire
19 Yb
20%
41%
43%
Gibraltar
Fire
Marine
&
_
.
.
„
ft
3.08
4.47
4.93
4.10
4.52
3.66
27%
24%
26%
Hanover
28%
Fire
10
25%
52%
37%
127%
25
Standard Accident
131%
66%
63%
Travelers
U S
45%
ft
30%
498
488
16%
17%
Insur Co of North America- —10
83%
Co
2
35%
85%
U S
53
74%
78%
32%
Guarantee
37%
51%
Fidelity & Guaranty
U S Fire
32%
..10
Fire
305
50%
103 %
42%
Homestead
295
10
35%
Springfield Fire & Marine.
27%
98%
Hartford Steamboiler Inspect.,10
Home
—
30%
10
,
—
Hartford
-62%
__
Security New Haven
Westchester Fire,,
35%
Rid
19%
Par
Ask
First National of N Y
21
100
Bid
1,405
Ask
1,445
-100
36%
191
National City
12%
34%
36%
Public National
38%
201
17%
31%
34%
New York Trust
Spencer Trask
State
14.31
15.21
Bankers
78.57
*
Fund
Investment
St
Super
*
Corp.,.
Corp of Amer AA
..
1
.
84.43
Brooklyn
Bid
100
6.86
2.40
Bank of New York
49%
77%
82%
Irving
,
10
Kings
County
_100
—
LaWyers
Ask
13%
14%
1,385
25
Manufacturers
20
—10
10
95%
98%
44%
47
16%
18
Bank & Trust_20
44%
29 % 7
32%
20
43 %
46
20
common
68%
72%
Continental Bank & Trust
2.37
2.28
Corn Exchange
Preferred
52%
54%
46%
50
Chemical Bank & Trust
-1
47%
Bid
Par
370
—
Central Hanover
i_„1
Companies
Ask
358
Empire
Fulton
100
150
100
292
300
(J
& Co
P)
100
—25
New York
Title Guarantee & Trust
196
82%
12
5%
206
86%
5%
165
Guaranty
Morgan
3.40
4.68
25%
10
Seaboard Surety,
10%
ft
American
Great
9%
6%
5%
2
—10
-
,ft
100
10
6.19
1
C—„——
4.25
(NY)
Fire
4.15
D—
shares
Corp
(Texas)
(Paul)
St Paul Fire & Marine
General Reinsurance Corp
10.23
1
Shares
ASeries
Equipment shares
37%
31%
Fireman's Fd of San Fran-
Par
Selected
ASeries
5.63
15%
34%
140
91.01
2%
Selected Amer Shares
6.39
6.76
93
10
Providence-Washington
13%
4.01
7.04
5.11
48%
90
5
6.95
3.65
6.39
6.15
46%
10
134
14.38
6.34
5.81
shares-
10
52c
1
5.81
Mining shares——
25
Indemnity Co
Phoenix
Fidelity & Deposit of Md— —20
Par
.10o
Price Shares-
6.40
105
Fire
Pacific
56%
—10
Republic Invest Fund
Merchandise shares-
Low
5%
107
—
Trustee Stand Invest Slis—.
Investing
•
4%
103
New York Bank Stocks
7.58
Chemical shares
■k
—5
12.50
,
Quarterly Inc Shares
Sovereign Investors
Food shares—
25%
Pacific
39%
41%
10
7.87
Agricultural
23%
•
13.37
1
Fund
(Geo)
4.33
•
Capital Corp
General Investors Trust
General
Putnam
48c
1 do
16%
——2.50
River---
Preferred Accident
Federal
2.67
Plymouth Fund Inc
48%
15%
Northern
34%
52%
10
_
13.55
Fundamental
34%
7.
5
6.84
1
Series 1958
46
—10
Fire
38
37%
32 %
5
Group
2.73
Series 1956
4.35
32'/a
York
28%
7.80
*
.,
—.
10
Hampshire Fire
Northeastern
20%
10
Connecticut General Life
39%
w
1
1
1953,,
Series 4955
3.75
.
26%
5.33
6.21
equipment
8%
188
11.35
4.83
7.09
—
,2
•
7.22
10.33
1.
Casualty
Amsterdam
North
22%
10
Fire
City of New
183
92
607
62%
7%
2
20
New
8%
,100
—
^
'
8%
60%
—.10
—
Fire—
New
Boston
7%
New Brunswick
—
_
_v4
Y
8.75
6.56
—„—
Railroad
Railroad
11.30
7.95
1.
N
Liberty
10
10
Surety
77
52
8.69
10.28
—_
Metals
Steel
Fidelity
—
L
-
Machinery
Oils
Equitable Invest Corp (Mass)_S
Equity Corp $3 conv pfd
1
stock
•
7.90
Fire
5%
73%
48%
16%
—
Globe & Republic
stock
Electrical
Foundation Trust Shares
12.37
1
7.32
Mfrs
&
60%
6.88
6.63
Automobile
Bank
Howard-
Fixed Trust Shares A
5.97
1
Aviation
Fund-
Merch
25
Reserve
9%
5%
5
National Fire—
American
8%
41%
t
12 %
Assur
57%
Fire Assn of Phila
priced bond series—
New fork
1
2.50
Fund
12%
*
Diversified Trustee Shares—
Stock
Merchant Fire
15 %
Employers Reinsurance
3.40
1
:
Agriculture
Balanced
20%
10
Re-Insurance
Glens Falls Fire
19.03
&
& Casualty~5
12%
Casualty
Massachusetts Bonding,
11
Newark
American
Employees
111
1
Eaton
of
Continental Casualty
Preferred stock series™.
Delaware Fund—
:
12.06
1.40
Income
Low
4.89
D
11.03
!\
priced stock common
Low
•
Dividend Shares
10.88
1.28
Bond
Cumulative Trust Shares
C
22.37
10.12
Inc
Securities—
National Security
3i !4
American
:
5
,
Maryland
4.79
20.80
1
Fund
Fund
Invest
Mutual
2.75
23'4
4.35
1
Trust
Investors
2.28
10
shares
B
Investors
Mass
2.75
Forster Insurance—
ACommcn
Mass
Natlon-Wide
8.90
10c
Maryland Fund Inc
National Investors Corp
118
American Fidelity
Bankers & Shippers
8.09
—10c
Common
2.28
AA__.
Knickerbocker
24%
19%
—5
Equitable
38% i
78
11%
American Casualty
American
v
22%
in
Alliance
American
,
20
56
34%
74%
—
Baltimore American,
(Colo) series B shares—!
•
(Md) voting shares
—25c
2.43
1
Corporate Trust Shares
Agricultural
38.80
Knickerbocker
Manhattan Bond Fund Inc—
Canadian
Life
Aetna
14.02
:
S-2
3%
_
32.94
17.98
B-3
5
10
5
5
1
Shares
Broad Street Invest Co
Fund
Aetna
30.02
26.08
B-l
Series
1
Industry
Bullock
Series
Series
preferred
A6%
Keystone Custodian Funds-
Jersey Insurance of N Y
Ask
Bid
Par
144%
10
Aetna Casual & Surety
Series S-l_
•.">
A Common
Boston
13.24
6%
13.37
Nat Investing—
Bankers
Basic
2314
3.64
14.56
6%
3.32
1
Axe-Houghton Fund Inc
•.*
8.09
3.70
2134
Holding
AAmerex
Ask
Companies
Ask
Par
Ask
Bid
Par
4.04
Petroleum
Stand
Trustee
Oil
Shares—
1
_
ASeries B
Railroad
RR
Steel shares-—
shares
Tobacco
j.
shares
Utility
1
5.75
1
ASeries A
1
Income
Foundation
Fund
16c
28c
Inc
Class
„25c
B—-
Trusteed Industry Shares——25c
74c
B—
18.60
C__
7.26
Quotations For U. S. Treasury Notes
20.33
Series
7.94
14.21
Figures after decimal point represent one or more
2.23
2.51
Independence Trust Shares
Institutional
Securities
Aviation Group
Bank
B
12.47
17.76
1.12
shares
1.24
1.23
America—10
22.74
12.16
12.46
1944
15,
1944
15.
1944
Investment
Banking
Corporations
&
A First
Boston
Mar 15,
;
Mar
1
1%
—10
18%
Co
.2
1944
15,
15,
1945
1945
tDec. 15, 1945
Ask
Investors Fund C
Corp
Mar 15,
100.13
100.14
tDec
100.16
100.18
100.14
100.16
100.28
100.30
-Feb
Federal Natl Mtge Assn—
15,1945
100.7
100.9
j
0.55%
100.24
t%s Feb 1, 1944
b0.64
C.G2%
100.15
100.17
t%s Apr
b0.68
0.66%
99.21
99.23
b0.68
0.66%
1
-
1944
J%s May 1,1944
quoted are lux discount at
,
June 30,
1944—
July 3, 1943 at 100%—
1,
1943
b0.75
0.60%
1964-1944
_.
3%s 1955-1945————.
'3s 1955-1945—
3s Jan.
1,
1956-1946———
3s
1,
1956-1946
tlVa%
July 15, 1943
100
100.1
Apr 15; 1944
100.6
100.8
100.16
Aug. 26, 1943
-
_
Sept. 2,
1943——
Sept.
9.
1943
Sept.
16,
1943
;
0.33%
bO.37
Aug. 19, 1943
b0.37 0.30%
b0.37 0.32%
b0.37 0.32%
bO.37; 0.32%
bO.37 0.32%
Ask
bO.37
1943.—
0.28%
b0.37
July 7, 1943
July 14, 1943
July 21, 1943
July 28. 1943
100.16
Bid
12,
0.34%
bO.37
0.34%
0.34%
bO.37
b0.375 0.35%
b0.375 0.35%
100.19
Aug.
4,
—
1943—.
—
Sept. 23 1943
b0.375 0.35%
O S Housing Authority—
Federal Land Bank Bonds—
1946-1944-
Aug.
1943
purchase
4
Ask
Treasury bills—
tl%
May
0.53 %
b0.57
100.22
Bid
Reconstruction Finance Corp—
Banks—
-Oct.
4s
0.35%
b0.55
—
100.1
99.31
Rates
Ask
l3/as Jan. 3,
Call
Home Loan
4s
100.20
b0.40
Indebtedness—
*%S Aug 1,1943—
1%S Nov 1, 1943
t%s Dec 1, 1943
United States Treasury Bills
Bid
Ask
Commodity Credit Corp—
—
Ask
100
1
—_
Certificates of
■
%s
Bid
99.30
100.18
—
1946
15.
%
1%%
1946
"
Bid
tlVe%
point
a
Int. Rate
100.6
20%
Obligations Of Governmental Agencies
Federal
32ds of
Maturity—
100.5
24.72
1
Mar 15,
1
%
1%%
1
%
%%
1
%
%%
%%
1.%%
%%
1943
1943
15,
Sep
tSept.
ABlair
of
16.15
Wellington Fund.
—
13.66
1.13
Group shares-
Investment Co
1.60
—
Ltd—
shares—
Insurance Group
Dec' 15,
21.47
Bid
Int. Rate
Maturity-
__
Sep
1.55
19.97
1,265
83c
25.16
Jun
1.42
5
•
1,220
41c
23.01
U S El Lt & Pwr Shares A
10c
Common
Incorporated Investors
100
6.33
Series
.1
Holding Corp.
States
Trusteed Amer Bank Shs—
United Bond Fund series A—
A Huron
United
1%%
103
U
104
10418
105%
105 A
104
,V
106
10634
Feb
notes
1,1944
103%
103%
108$
107^
Other Issues
•No
106%
106%
s
.1947
10814
108%
bonds
—1961
128%
130
U S
Conversion
3s
Panama Canal 3s
value,
a Odd lot sales,
b Yield price,
d Deferred delivery, r Canadian market,
included in range for year.
x-Ex-dividend. y Ex-rights, tin default.
tThese
subject to all Federal taxes.
11 Name changed to Sinclair Oil Corp.
A Quotations not
par
Cash sale—not
U S Conversion 3s——..1946
are
furnished
by
sponsor
or
issuet.
THE COMMERCIAL & FINANCIAL CHRONICLE
2440
Monday, June 28, 1943
Week Ended June 19
THE COURSE OF BANK CLEARINGS
1943
West
South
Clearings—Returns
by
Telegraph
Chicago
$3,737,140,641
z.
_
Boston
"
Kansas City—
St. Louis
1942
$3,146,775,650
Total
_
314,376,077
456,000.000
+16.5
7.5
+28.6
122,142.071
108,500,000
+31.9
171,441,000
+27.5
183,478,995
195,088,340
126,313,230
154,468,145
97,678,072
+ 13.3
+26.3
+29.3
5,947,021.612
1,515,333,155
5,023,531,0011,260,848,835
+18.3;
+21.2
7,462,354,767
1,492,470,953
6,284,379,836
1,551,943,221
8,954,825,720
7,836,323,057
Other
five d-ays
cities, five days
Total all cities, five days
i.
All cities, one day
7,543,334
+ 25.7
6,524,483
31,938,580
+ 18.9
27,631,158
20,327,525
109,700,000
+ 22.6
90,700,000
66,500,000
2,015,691
+ 32.2
2,170,737
52,236,581
45,077,716
*'1,500,000
+ 44.7
1,315,922
970,124
35,138,170
+ 22.2
27,931,000
19,413,000
42,744,775
+
5.5
33,754,004
22,600,538
4,368,797
+
8.5
9,483,743
Mobile
4,740,385
Mississippi—Vicksburg
Total
+18.7
7.8
137,052
+ 5S.5
128,343
120,338
69,953,903
+ 25.2
56,268,120
41,387,096
(10 cities)
'376,670,586
—
305,040,302
+23.5
248,888,718
179,279,950
+14.3
furnish
SUMMARY
$
Federal Reserve Districts
2d.
New
3d
V Philadelphia
tth
Cleveland
6th
Richmond
6th
7th
eth
10th
_
~
Atlanta
_
Chicago
Louis"""
Minneapolis"
Kansas City """
St
—
lith Dallas
6
10
-
Francisco—
4,584,938,398
643,713,826
644,394,157
281,357,490
376,670,586
623,619,468
"
"
"
"
"
-
_
—
12tli San
"
"
"
"
"
"
12
10
7
6
10
—17
' 4
*
7
10
York
'
Bth
389,135,392
12 cltlea
Boston
285,466,456
210,381,769
291,576,785
144,634,027
488,274,067
8,964,162,421
506,885,200
32 cities
Canada
—46.1
1,260,432
913,703
+
9.7
5,084,383
4,543,044
3,192,539
2,223,331
+ 43.6
2,025,287
1,521,445
t
2,114,807
add
now
Louis
I
$
343,366,935
137,400,000
101,700,000
67,116,028
0.2
55,358,552
38,780,691
+ 26.8
32,882,764
20,994,219
1,006,000
31,274,274
771,000
+ 30.5
792,000
725,000
285,466,456
248,161,302
+15.0
226,433,316
162,199,910
(4 cities)
3,877,326,916
630,593,147
523,087,430
224,612,315
248,888,718
524,120,490
226,433,316
141,873,206
186,258,408
97,811,614
342,762,466
K
5,109,051
4,770,788
4,369,964
3,223,679
137,618,870
57,466,331
104,978,279
+ 31.1
90,621,754
80,536,739
38,862,903
+ 47.9
38,050,035
29,682,608
2,440,903
...
Dakota—Fargo
First Federal Reserve
Maine—Bangor
Portland
7,367,134,961
3,332,123
3,084,698
+
8.0
2,966,180
Of
1,480,834
1,216,216
+ 21.8
1,033,527
929,602
1,000,946
862,982
+ 16.0
4,373,614
4,479,868
2.4
880,702
3,951,044
3,472,740
210,381,769
158,255,734
+32.9
141,873,206
121,154,285
fL*
,
(7 cities)
Massachusetts—Boston
Fall River
-
■y
New
:
-
Bedford
—
Springfield
Worcester
Connecticut—Hartford
New
Haven
3,830,340,543
527,440,610
Nebraska—Fremont
Hampshire—Manchester
—
1.2
1.4
5.8
— 7.9
+13.9
+51.6
+20.2
50,261,067
+ 45.1
38,582,233
29,594,195
2,781,807
7.2
2,225,258
4,838,779
+ 62.5
4,396,753
2,998,374
459,623,178
+ 23.0
133,059,957
+ 34.3
3,595,209
1,030,172
4,366,793
1,293,352
95,657,568
3,008,487
—20.4
499,489
525,568
948,795
7.4
796,881
644,428
291,576,785
Pueblo
Total
-
,
(10 cities)—
228,114,080
+27.8
186,258,408
137,762,407
8.8
460,154
1,006,469
3,622,752
2,547,484
Total
544,676
827,213
3,278,513
2,051,587
14,355,249
12,898,637
5,605,428
+13.8
5,516,237
3,321,570
19,709,800
2,120,140
+ 56.7
91,792,001
Connecticut—Stamford
367,279,445
+
7,453,534
7,805,370
262,986
7,045,625
315,468
19,057,541
25,065,103
J-J—
Newark--
22,956,732
30,704,158
-
+ 11.9
57,962,000
9,071,996
6,754,213
2,498,000
1,186,495
+14.6
3,220,000
1,175,225
+ 33.1
1,162,523
+15.5
4,130,056
3,129,113
144,634,027
(6 Cities)
Twelfth Federal Reserve District—San
113,479,374
+27.5
97,811,614
73,234,125
2,986,000
590,540
6.0
343,366,935
4.8
+10.8
—16.6
—
+20.5
+22.5
18,957,099
24,872,216
40,310,433
+15.9
20,985,387
16,720,059
•
4,584,938,398
(12 cities)
Third Federal Reserve
+14.3
3,877,326,916
7.7
3,615,269
2,878,074
14.4
187,845,000
3,342,402
+
34.6
3,565,526
150,715,512
2,713,704
1,431,607
1,550,396
1,284,888
+ 20.7
1,594,583
3,324,173
+ 36.5
3,283,903
2,355,030
488,274,067
422,336,080
+15.6
342,762,466
267,523,313
5,863,497,880
2,829,654,255
Total
(10 cities)
Total
(111
8,964,162,421
7,836,323,057
+14.4
7,367,134,961
4,560,946,666
cities)—
3,969,565,349
+14.9
3,830,340,543
Week Ended June
469,578
1,445,824
762,503
1,639,483
1,489,633
473,479
1,418,437
628,000,000
1,392,549
563,000,000
1,261,051
2,600,986
1,147,132
1,811,446
3,815,700
2,965,800
:
Lancaster
Philadelphia
Reading-
—
_
Wilkes-Barre
York
Jersey—Trenton—
17
1942
$
Inc. or
1941
$
1943
Canada-
Dec. %
$
Toronto
143,761,631
Montreal
151,511,302
137,284,090
140,928,227
66,895,231
7.5
135,034,310
110,460,543
77,974,525
+16.6
57,120,521
49,043,011
Vancouver—
27,037,194
23,892,166
+ 13.2
19,932,746
18,230,939
65,810,420
40,014,586
+ 64.5
84,0.93,503
26,644,074
6,637,347
6,097,427
8.9
6,421,981
,
Ottawa
19,240,480
24,210,219
712,994
497,069
2.9
+61.0
1,413,422
561,792
792,200
407,880
1,227,927
—
+15.6
1,727,124
+11.5
+10.4
613,000,000
2,080,465
3.9
+46.2
+ 8.7
+28.7
437,000,090
1
Halifax
4,390,281
+
+
4,390,610
6,880,811
7,769,625
—
0.0
—11.4
3,413,404
6,572,825
+ 23.2
8,660,656
5,884,878
6.0
2,603,797
2,035,913
4.1
2,003,212
2,125,467
1.1
4,852,478
+ 35.3
5,398,456
4,921,938
7,693,605
3,768,696
6,715,032
2,836,616
2,082,662
f2,000,119
3,744,042
3,702,055
Edmonton.
8,273,119
6,113,883
Regina——,
7,120,291
4,903,281
+ 45.2
541,631
522,734
3.6
466,401
8,273,119
John
Brandon
Saskatoon
1,877,944
3,020,317
1,30.9,295
1,300,330
3,452,300
Medicine
Brantford
1,087,449
New
422,080
Hat_
+
3,390,934
408,903
+ 41.0
.560,669
481,787
+ 26.3
1,703,612
1,570,546
+ 29.4
827,451
689,827
2.0
1,176,954
1,365,"274
—17.1
1,315,722
976,558
686,162
-713,786
1,254,420
:f
742,931
Westminster-
—
684,845
1,279,175
Fort William
+
601,096
...
886,450
Moose Jaw
4,616,100
2,236,913
_.
--
1,771,347
847,749
Lethbridge
6,620,674
3,424,574
7,566,236;
2,666,260
Calgary
3,139,268
1,467,853
1,874,129
—
$
163,066,852
Winnipeg
Quebec
9.0
+
1940
—15.3
169,780,979
415,380
3,277,964,156
4,021,651
+
+
4,538,224
Victoria
2,499,749
1,676,906
1,969,456
Chester
5,196,182
3,202,132
225,014,000
London
4,012,269,693
511,656
;
+ 14.0
44,931.811
Stockton—
4,491,545
District—Philadelphia-
Pennsylvania—Altoona
62,045,569
Santa Barbara
3,156,507,570
8,217,302
6,413,434
1,435,432
53,553,840
4,497,527
San Jose
36,500,000
526,080
684,498
3,742,754,349
9,360,768
6,190,901
7,084,193
331,136
+ 4.2
+13.8
— 2.8
+13.9
+16.9
1,077,207
+ 16.0
3,449,771
Francisco
19,498,986
1,252,662
56,800,000
714,866
969,908
7,901,640
+ 21.6
257,415,214
Pasadena
San
+
24,970,9 li
6,930,470
1,8?3,617
80,166,090
28,941,908
California—Long Beach.
17.1
83,676,545
*'1,500,000
69,090,559
97,989,680
Utah—Salt Lake City
262,673,701
8,153,384
1,138,031
+349.8
+43.0
Francisco—
Oregon—Portland
St.
New
1,704,304
78,488,000
r
4,519,499
Hamilton
(New Jersey
"
2,390,130
1,564,510
Outside New York
3.866,757,708
9,838,756
Jersey—Montclair
Scranton
83,641
'1,739,039
+ 2.9.6
10,886,509
3,423,000
Yakima
12,189,100
678,468
7,092,752
_
Bethlehem
86,999
5,218,829
Falls
Washington—Seattle
4,279,394
—13.0
+25.1
4,403,215,755
11,501,327
—
'% Syracuse
Total
+
12,179,271
Louisiana—Shreveport
1,924,768
+24.6
67,500.000
1,090,812
935,854
—
Jamestown
Northern
—
118,926,847
—
Dallas
222,691,252
752,552
+
6,069,353
1,139,939
Elmira
,
—
Eleventh Federal Reserve District—Dallas-
557,541
730,707
2,343.346
19,177,000
698,355
27,297,393
1,629,853
Buffalo
New
2,744,239
1,018,597
Colorado—Colorado Springs
$
291,596,110
888,087
+
14,815,832
70,321,460
1,240,820
909,792
Binghamton—
"V Rochester
115,777
2,845,110
196,339,720
5,863,111
:
Missouri—Kansas City__
St. Joseph-:
—
York—
New York—Albany
York
170,469
7.5
7,860,844
—i.
Wichita——
Grand
Second Federal Reserve District—New
New
+ 124.1
2,580,609
Omaha
1940
$
+ 46.7
154,640
3,691,298
219,117
Kansas—Topeka
Wichita
1941
or
149,371
346,576
1
Lincoln
398,479,724
+
1,075,708
498,367
1,010,380
4,021,802
2,548,556
389,135,392
(12 cities)
Total
868,014
3,413,994
72,904,045
Hastings
u
2,829,654,255
6.3
—
313,124,441
16,683,400
873,630
Rhode Island—Providence
New
—
Tenth Federal Reserve District—Kansas City—
5,863,497,880
Dec. %
727,873
3,975,703
719,297
4,031,231
331,287,409
990,804
567,772
1,531,410
4,832,646
2,773,633
18,465,367
6,378,793
-
Lowell
7.1
District—Boston—
•
_
+
n
Total
3,277,964,156
450,885,268
364,0^3,753
164,987,081
179,279,950
401,809,931
162,199,910
121,154,285
137,762,407
73,234,125
267,523,313
Inc.
$
—
4L
Paul
St.
Galveston;
$
at—
Clearings
+ 19.3
149,000,000
262,673,701
+
1942
1943
401,809,931
39,656,957
Minneapolis—
Week Ended June 19
;
1,395,526
524,120,490
Ninth Federal Reserve District—Minneapolis-
19 for four years:
ended June
1,495,018
+14.9
67,003,499
Fort Worth
week
+ 38.4
542,894,161
177,800,000
—
Minnesota—Duluth
detailed statement showing the figures for each city for the
our
1,528,140
623,619,468
(17 cities)
Texas—Austin
We
324,475,145
+ 16.5
1,537,198
4,566,133
Tbcal
1940
$
+14.9
3,969,565,349
538,563,350
1941
Outside New York City
++
426,803,147
422,374,463
Helena
+14.4
7,836,323,057
4,560,946,666
111 Cities
Total
3,496,434
391,837
Montana—Billings
+14.3
+11.6
+ 3.7
+17.0
+23.5
+14.9
+15.0
+32.9
+27.8
+27.5
+15.6
422,336,080
394,695
South Dakota—Aberdeen
6.0
+
576,637,542
621,472,480
240,382,864
305,040,302
542,894,161
248,161,302
158,255,734
228,114,080
113,479,374
8,964,954
4,425,575
1,366,280
Illinois—Quincy
Reserve District of
Inc. or
Dec. %
367,279,445
4,012,269,693
10,496,811
15.0
+
lennessee—Memphis
CLEARINGS
1942
$
492,033,319
14.1
+ 11.4
Kentucky—Louisville
by Federal Reserve Districts:
BANK
1943
Week Ended June 19
1st
OF
555,308
21,456,769
1,119,689
Eighth Federal Reserve District—St. Louis—
the San Francisco Reserve District by 15.6%.
a summary
5,712,217
638,645
5,514,222
1,414,582
—
5,007,619
North
In the following we
12,560,348
6,362,021
Missouri—St.
In the Kansas City Reserve District the totals are larger by 27.8%, in the
Dallas Reserve District by 27.5% and in
14,325,774
7,221,490
24,075,577
17.6
+
1,730,568
6.5
+ 19.6
+
8,404,867
31,587,687
Springfield—
of 3.7%, in the Richmond Reserve District of 17.0% and in the Atlanta Reserve
District of 23.5%. The Chicago Reserve District registers an improvement of 14.9%,
the Minneapolis
7,859,651
2,034,388
Moines—
Total
crease
and
2,001,362
37,775,753
Rapids
Rockford
gain of 14.3%, in the Boston Reserve District of 6.0% and in the Philadelphia Re¬
serve District of 11.6%.
In the Cleveland Reserve District the totals record an in¬
15.0%
Haute
Chicago
a
of
18,645,000
3,246,074
Peoria
323,057 in the same week in 1942. Outside of this city there was an increase of 14.9%,
the bank clearings at this centre having recorded a gain of 13.9%.
We group the
cities according to the Federal Reserve Districts in which they are located, and from
this it appears that in the New York District (including this city) the totals show
District
1,813,285
26,825,000
+
Decatur
the final and complete results for the week previous—the week
For that week there was an increase of 14.4%, the aggregate of
Reserve
2,273,465
8.4
3,020,409
Illinois—Bloomington
clearings for the whole country having amounted to $8,964,162,421, against $7,836,-
Louis
1,881,222
+ 20.0
2,542,157
32,344,000
3,623,552
Sioux City
able to give
St.
3,354,819
2,227,579
+ 27.4
3,238,478
Wisconsin—Milwaukee.-.
In the elaborate detailed statement, however, which we present further below
32.9%.
321,475
4,428,111
+
2,411,996
35,064,000
Bend
Des
423,264
19.4
496,942
4,298,397
3,290,427
Indianapolis
Iowa—Cedar
+ 12.8
+ 36.4
560,724
5,131,491
—.
Rapids
Lansing
Saturday figures are not available at time of going to press.
Accordingly, in the above the last day of the week in all cases has to be estimated.
the
2,060,244
218,592
Grand
* —
ends Saturday and the
-
'3,056,275
1,332,484
Seventh Federal Reserve District—Chicago-
Terre
19.
1,579,413
4,568,601
87,607,988
Louisiana—New Orleans
Complete and exact details for the week covered by the foregoing will appear
in our issue of next week.
We cannot furnish them today, inasmuch as the week
ended June
1,546,959
2,663,992
South
are
164,987,081
+
604,069
37,970,852
Indiana—Fort Wayne
Total all cities for week
we
224,612,315
+17.0
+
873,345
134,500,000
Michigan—Ann Arbor
i.i
30,332,602
240,382,864
Alabama—Birmingham
143,100,000
Ten cities,
85,623,223
34,443,103
281,357,490
(6 cities)-;
Florida—Jacksonville
218,538,000
-
126,494,323
6.0
35,418,939
Macon
+
Baltimore
(
2.1
+ 20.6
2,165,004
132,665,635
Augusta
+11.2
Cleveland
.
44,008,223
2,211,327
Nashville
207,793,455
—
•
2,872,000
56,402,419
2,228,620
37,544,456
Georgia—Atlanta
Pittsburgh
1
4,170,000
+ 15.7
159,9.97,052
Columbia—Washington—
Tennessee—Knoxville
San Francisco
r
+ 17.2
Sixth Federal Reserve District—Atlanta-
%
+18.8
268,670,991
366,225,312
507,000.000
288,734,250
157.088,384
—
Philadelphia
;5...Tv
+ 64.5
.
1943
Week Ended June 26
York—
723,662
5.857,000
.
.
New
1940
63,552,624
Carolina—Charleston
District of
$8,954,825,720, against $7,836,323,057 for the same week in 1942. At this
a gain for the week ended Friday of 18.8%.
Our comparative sum¬
for the week follows: X,
T
1941
or
1,190,647
6,865,000
Maryland—Baltimore
at
mary
Inc.
Dec. %
73,549,008
Richmond
center there is
,
Virginia—Huntington
Virginia—Norfolk
country,indicate that for the Wv.:k ended Saturday. June 26, clearings from all
cities of the United States from which it is possible to obtain weekly clearings will
be 14.3% above those for the corresponding week last year.
Our preliminary total
the
stands
$
Fifth Federal Reserve District—Richmond—
Prelim¬
cities of
this week show an increase compared with a year ago.
inary figures compiled by us, based upon telegraphic advices from the chief
Bank clearings
1942
$
+
1,312,013
803,665
-
—
7.6
+ 36.9
308,387
—
0.9
—
351,371.
299,170
989,970
999,380
Bherbrooke
1,144,360
1,190.592
Kitchener
1.351,870
1,342,0.95
+
Windsor
5,399,925
4,772,189
589,880
503,241
+ 17.2
449,748
385,500
1,392,665
1,141,421
+ 22.0
1,137,652
1,005,124
855,201
832,966
2.7
792,878
Chatham
647,526
684,696
Sarnia————
884,901
557,584
Peterborough
Total
k
(10 cities)
576,G37,542
643,713,823
—
630,593,147
+11.6
450,885,268
Fourth Federal Reserve District—Cleveland—
Ohio—Canton
Cincinnati-
■
16,646,100
2,231,809
—
—
Pennsylvania—Pittsburgh
Total
3.800,315
234,853,772
».
-
Mansfield
..Youngstown
-
118,385,357
Cleveland
■Columbus-?.
.
-
—
(7 cities)
3,039,305
+25.0
3,118,422
2,184,849
105,411,619
224,319,171
14,515,100
+12.3
+ 4.7
+14.7
—24.5
86,169,382
176,689,854
14,056,200
66,804,380
118,565,811
10,803,000
2,160,003
2,957,636
.
2,919,513
4.0
1.0
3,882,342
236,241,717
3,803,621
159,702,089
644,394,157^"-621,472,480 ^+ 3.7
-+ 523,087,430
^ 364,023,753
3,656,410
>264,820,394
;
...
3,808,793
267,420,856
—
.
—
prince Albert
Moncton.
l
Kingston
1,099,670
Sudbury
Total
(32 cities)—
♦Estimated
'•f
f: :0+t"
——
538,563,350
v
.
762,079
761,181
3.9 +
1,131,538
936,650
0.7
1,392,967
1,414,540
+ 13.2
4,552,882
3,403,732
+
722,317
5.4
705,043
703,544
+ 58.7
586,277
602,102
1,635,797
—
1,025,611
+
7.2
968,277
506,885,200
+
6.3
527,440,610
398,479,724 1
THE COMMERCIAL
2440
Monday, June 28, 1943
& FINANCIAL CHRONICLE
Week Ended June 19
OF BANK CLEARINGS
THE COURSE
this week show an
Bank clearings
Prelim¬
increase compared with a year ago.
the chief cities of
from al.U
Will
total
at $8,954,825,720, against $7,836,323,057 for the same week in 1942.
At this
there is a gain for the week ended Friday of 18.8%.
Our comparative sum¬
compiled by us, based upon telegraphic advices from
indicate that for the w<.ok ended Saturday, June 26, clearings
cities of the United States from which it is possible to obtain weekly clearings
be 14.3% above those for the corresponding week last year.
Our preliminary
inary figures
the country
stands
center
mary
for the week follows:
\ /Clearings—Returns by Telegraph
$3,146,775,650
$3,737,140,641
Yoi'K
+18.8
314,376,077
+
+
<
Pittsburgh
7.5
122,142 071
+
28.6
108,500,000
+
31.9
171,441,000
+
27.5
183,478,995
154,468,145
97,678,072
+
13.3
195,088,340
Cleveland
126,313,230
Baltimore
District of
Total
_
+
+
29.3
Total
5,023,531,001
1,260,848,835
+18.3+21.2
6,284,379,836
1,551,943,221
+18.7
+17.0
224,612,315
164,987,081
7,543,334
+ 25.7
6,524,483
18.9
27,631,158
+ 22.6
90,700,000
!
7,836,323,057
31,938,580
109,700,000
2,015,691
2,170,737
52,236,581
*1,500,000
+
44.7
1,315,922
970,124
35,138,170
+
22.2
27,931,000
19,413,000
42,744,775
+
5.5
33,754,004
22,600,538
4,366,797
+
8.5
45,077,716
4,740,385
—
'7.8
1943
$
$8,964,162,421, against $7,836,-
Philadelphia
Cleveland
—
Richmond
6th
6th
Atlanta
7th
Chicago
6th
St.
Louis
Minneapolis
City
Bth
10th Kansas
11th Dallas
12th San
Francisco
+ 5S.5
128,343
120,338
+ 25.2
56,268,120
41,387,096
376,670,586
305,040,302
+23.5
248,888,718
179,279,950
Outside New
York City
14.3
3,877,326,916
+
11.6
630,593,147
+
3.7
523,087,430
281,357,490
4,012,269,693
576,637,542
621,472,480
240,382,864
+
262,673,701
3,277,964,156
450,885,268
364,0^3,753
+ 17.0
224.612.315
164,987,081
376,670,586
305,040,302
+ 23.5
623,619,468
542,894,161
248,161,302
+ 14.9
248,888,718
524,120,490
179,279,950
401,809,931
162,199,910
+
144,634,027
158,255,734
228,114,080
113,479,374
+ 27.5
97,811,614
73,234,125
488,274,067
422,336,080
+ 15.6
342,762,466
267,523,313
8,964,162,421
7,836,323,057
+14.4
7,367,134,961
5,863,497,880
3,969,565,349
506,885,200
+14.9
+ 6.3
3,830,340,543
527,440,610
2,829,654,255
398,479,724
643,713,826
644,394,157
285,466,456
210,381,769
291,576,785
538,563,350
cities
32.9
226.433.316
141,873,206
+ 27.8
186,258,408
+ 15.0
detailed statement showing the figures for
1943
$
District-
719,297
19
$
Dec. %
727,873
1.2
—
557,541
730,707
3,975,703
+
1.4
2,343,346
5.8
291,596,110
222,691,252
1,075,708
—
7.9
888,087
752,552
567,772
498,367
460,154
544,676
+ 13.9
1,531,410
+
51.6
1,006,469
827,213
4,021,802
+ 20.2
3,622,752
3,278,513
2,773,633
2,548,556
14,815,832
8.8
2,547,484
2,051,587
+ 24.6
14.355,249
5,605,428
19,177,000
+ 13.8
5,516,237
12,898,637
4,279,394
16,683,400
—13.0
19,709,800
12,183,100
873,630
698,355
+ 25.1
590,540
678,468
389,135,392
Worcester
1,010,380
4,832,646
Bedford
367,279,445
6.0
343,366,935
262,673,701
18,465,367
Connecticut—Hartford
6,378,793
Haven
Island—Providence
Hampshire—Manchester
—
Total (12 cities).
Second Federal Reserve
+
+
Chicago.
12,560,348
+
14.1
10,496,811
8,964,954
5,712,217
+
11.4
4,425,575
3,496,434
+
15.0
394,695
391,837
+
16,5
426,803,147
324,475,145
—46.1
1,260,432
638,645
555,308
422,374,463
1,537,198
1,366,280
5,007,619
3,192,533
;
Peoria
4,566,133
2,223,331
2,114,807
1,528,140
+
623,619,468
Rockford—
542,894,161
i
Springfield
(17 cities)
67,500.000
1,090,812
935,854
3,866,757,708
9,838,756
7,092,752
7,453,534
7,805,370
Syracuse
1,495,018
1,395,526
524,120,490
401,809,931
+ 19.3
Eighth Federal Reserve District—St. Louis—
Missouri—St. Louis
—
67,003,499
39,656,957
1,006,000
lennessee—Mempnis
Illinois—Quincy
Total
149,000,000
67,116,028
31,274,274
177,800,000
.
Kentucky—Louisville
771,000
248,161,302
285,466,456
(4 cities)
137,400,000
101,700,000
0.2
55,358,552
38,780,691
+ 26.8
32,882,764
20,994,219
30.5
792,000
725,000
+15.0
226,433,316
162,199,910
—
+
Ninth Federal Reserve District—Minneapolis-
Minnesota—Duluth
5,109,051
104,978,279
38,862,903
57,466,331
Paul
St.
4,770,788
137,613,870
w-
L.
Minneapolis
7.1
4,369,964
3,223,679
+ 31.1
90,621,754
80,536,739
+ 47.9
38,050,035
29,682,608
2,440,903
+
8.0
2,966,180
+ 21.8
1,033,527
880,702
929,602
16.0
2.4
3,951,044
3,472,740
+32.9
141,873,206
121,154,285
3,332,123
1,480,834
1,000,946
3,084,698
+
1,216,216
4,373,614
4,479,868
210,381,769
158,255,734
IE
North Dakota—Fargo
862,982
+
—
(7 cities)
346,576
154,640
3,413,994
72,904,045
Lincoln
Omaha
•.
^
»
3,691,298
50,261,067
2,781,807
Wichita...
Missouri—Kansas City.'.
+
46.7
170,469
115,777
7.5
2,845,110
2,744,239
45.1
38,582,233
29,594,195
—
+
2,225,258
4,396,753
2,998,374
<159,623,178
+ 23.0
133,059,957
34.3
3,595,209
95,657,568
3,008,487
—20.4
499,489
525,568
7.4
796,881
644,428
186,258,408
137,762,407
4,356,793
1,018,597
948,795
291,576,785
228,114,080
+27.8
3,321,570
2,120,140
+ 56.7
118,926,847
Colorado—Colorado
91,792,001
10,886,509
+ 29.6
Springs
Pueblo
(10 cities)
1,293,352
+
+
Eleventh Federal Reserve District—Dallas—
'
Dallas
12,179,271
Fort Worth
+ 11.9
+
14.6
3,220,000
+ 33.1
1,162,523
1,186,495
4,519,499
+
4,130,056"
3,129,113
144,634,027
113,479,374
15.5
Total
(6 cities)
+27.5
Twelfth Federal Reserve District—San
7,045,625
8,153,384
4.2
56,800,000
36,500,000
+ 13.8
714,866
+
17.1
*1,500,000
+
21.6
1,077,207
1,435,432
80,166,090
69,090,559
+ 16.0
53,533,840
40,310,433
Utah—Salt Lake City
28,941,908
24,970,911
+ 15.9
20,985,387
16,730,059
+ 14.0
97,989,680
Yakima..
969,908
6,930,470
3,449,771
3,202,132
225,014,000
+
7.7
3,615,269
2,878,074
+
14.4
187,845,000
150,715,512
4,497,527
Francisco
San
3,342,402
+
34.6
3,565,526
2,713,704
Jose
Santa Barbara
1,550,396
1,284,888
+
20.7
1,594,583
1,431,607
Stockton
4,538,224
3,324,173
+ 36.5
3,283,903
2,355,030
+ 15.6
Total
488,274,067
422,336,080
342,762,466
267,523,313
8,964,162,421
7,836,323,057
+
14.4
7,367,134,961
5,863,497,880
4,560,946,666
(10 cities)
Total
3,969,565,349
+ 14.9
3,830,340,543
2,829,654,255
...
(111 cities)
Week Ended June
3,156,507,570
+ 13.9
3,742,754,349
+ 16.9
9,360,768
8,217,302
4.8
6,190,901
4,491,545
+ 10.8
7,084,198
<
6,413,434
1943
1942
$
Canada-
$
143,761,631
Toronto
169,780,979
137,284,090
151,511,302
140,928,227
+
7.5
135,034,310
110,450,543
Winnipeg
77,974,525
66,895,231
+
16.6
57,120,521
Vancouver.
27,037,194
+ 13.2
19,932,746
49,043,011
18,230,939
65,810,420
23,892,166
40,014,586
+
64.5
84,093,503
26.644,074
6,637,347
6,097,427
+
8.9
6,421,981
Montreal
—
Newark
4,390,610
25,065,103
+ 22.5
24,872,216
24,210,219
4,390,281
30,704,158
Halifax
Northern New Jersey.
Hamilton
6,880,811
7,769,625
6,715,032
4,012,269,693
+ 14.3
3,877,326,916
3,277,964,156
8,273,119
4,584,938,398
2,666,260
2,836,616
Victoria
2,082,662
2,000,119
+
3,702,055
—
London
3,744,042
8,273,119
7,120,291
541,631
522.734
847,749
601,096
'
473,479
1,639,483
_
628,000.000
1,418,437
Wllkes-Barre
-
563,000,000
1,392,549
1,261,051
2,499,749
2,600,986
1,676,906
...——
-
1,147,132
John
9.0
712,994
497,069
Edmonton
2.9
1,413,422
792,200
Regina
561,792
407,880
Brandon
1,727,124
1,227,927
+ 15.6
437,000,000
2,080,465
1,877,944
Moose Jaw
3,139,268
3,020,317
Brantford-
+ 46.2
1,467,853
1,309,295
Fort William
1,087,449
1,811,446
+
8.7
1,874,129
1,300,330
New
+ 28.7
4,616,100
3,452,300
Medicine
Total
T
(10 cities)
+ 11.6
630,593,147
450,885,268
Cincinnati
Cleveland
2,184,849
—
;
105,411,619
+ 12.3
86,169,382
66,804,380
224,319,171
+
16,646,100
2,231,809
4.7
176,689,854
118,565,811
14,515,100
+ 14.7
14,056,200
10,803,000
2,957,636
—24.5
2,919,513
2,160,003
3,808,793
Youngstown
Pennsylvania—Pittsburgh
3,656,410
264,820,324
267,420,856
(7 cities)
644,394,157
621,472,480
Total
3,118,422
3,039,305
118,385,357
234,853,772
J,
Columbus
Mansfield
+ 25.0
3,800,315
Ohio—Canton
—
—
+
4.0
3,882,342
3,803,621
1.0
236,241,717
159,702,089
3.7
523,087,430
364,023,753
Prince
5,398,456
3,763,696
466,401
+
41.0
560,669
481,787
+ 26.3
1,703,612
1,570,546
1,254,420
,:i
1,312,013
803,665
308,387
999,380
1,190.592
1,342,095
4,772,189
5,399,925
-
29.4
827,451
683,827
+
2.0
1.176,954
1,365,274
1,315,722
976,558
713,786
7.6
686,162
+ 36.9
3ol,37i
0.9
762,079
761,181
3.9 *•
1,131,533
936,650
0.7
1,392,967
1,414,540
13.2
4,552,382
3,403,732
—
—
—
299,170
+
+
t
I
503,241
+ 17.2
449,748
385,500
1,141,421
+
22.0
1,137,652
1,005,124
855,201
832,966
+
2.7
792.873
722,317
—
647,526
684,696
Sarnia
884,901
557.584
1,099,670
1,025,611
506,885,200
Sudbury
"/
+
—17.1
589,880
—
Chatham
Total
408,903
1,392,665
_.
—
—
Kingston
2,035,913
7,693,605
1,351,870
_
Moncton
2,125,467
4,852,478
3.6
1,144,360
Albert
2,003,212
1.1
—
_
Windsor
District—Cleveland—
4.1
+
422,080
Sherbrooke
Kitchener
Fourth Federal Reserve
5,884,878
2,603,797
+ 45.2
742,931
.
—
_
Peterborough
576,637,542
_
Hat
8,660,656
6.0
35.3
989,970
Westminster
6,572,825
23.2
+
—
+
684,845
886,450
»—■
6,620,674
3,413,404
7,566,236
3,390,934
4,921,938
1,771,347
1,279,175
—
-+fr—•
3,424,574
4,903,281
2,236,913
613,000,000
3.9
Saskatoon
0.0
—11.4
—
6,113,883
+ 10.4
2,965,800
643,713,823
—
+ 11.5
—
1,969,456
Jersey—Trenton
—
Lethbridge
3,815,700
;
_
_.
+ 61.0
+
—
_
Reading
New
469,578
1,489,633
762,503
-.Wow
511,656
1,445,824
■
Chester
-
Calgary
St.
Bethlehem
$
$
163,066,852
Quebec—
Pennsylvania—Altoona—
1940
1941
%
—15.3
415,380
District-—Philadelphia—
17
Inc. or
Dec.
19,240,480
(12 cities)
4,021,651
5,196,182
7,901,640
Pasadena
San
684,498
—
62,045,569
257,415,214
California—Long Beach.
526,080
2.8
+
—
44,931,811
83,676,545
1,823,617
Oregon—Portland
331,136
York
73,234,125
97,811,614
Francisco-
Washington—Seattle
18,957,099
-
2,498,000
2,986,000
1,175,225
+ 20.5
_
6,754,213
9,071,996
1,564,510
5,218,829
Falls
—16.6
Scranton
1,704,304
^57,962,000
1,739,039
78,488,000
r
3,423,000
Galveston;
315,468
Philadelphia-
2,390,130
7.2
+ 62.5
—
5,863,111
1,030,172
St. Joseph
83,641
86,999
+ 124.1
4,838,779
2,580,609
7,860,844
196,339,720
Kansas—Topeka
Total
149,371
219,117
Hastings
19,057,541
Lancaster
868,014
Tenth Federal Reserve District—Kansas City—
Nebraska—Fremont
262,986
Third Federal Reserve
1,521,445
38.4
22,956,732
Jersey—Montclair.
Total
913,703
4,543,044
2,025,287
+14.9
Ottawa—
New
1,119,689
5,084,383'
9.7
+
+ 43.6
1,252,662
11,501,327
Connecticut—Stamford-
1,138,031
4,403,215,755
...—
+ 43.0
909,792
York...—1--—
1,139,939
1,240,820
Jamestown
+ 349.8
70,321,460
—
6,069,353
1,629,853
Elmira
Rochester;
21,456,769
1,414,582
—
19,498,986
27,297,393
Binghamton
New
5,514,222
24,075,577
492,033,319
;
Outside New York
District—New York-
York—Albany
...
7,221,490
19.6
17.6
Illinois—Bloomington
Grand
Buffalo
6.5
+
+
1,924,768
+
'
Springfield
New
2,001,362
1,730,568
Louisiana—Shreveport.
990,804
Lowell
18,645,000
3,246,074
1940
1941
313,124,441
Fall River
New
$
Inc. or
1,813,285
26,825,000
14,325,774
Moines—
Wichita
4,031,231
Massachusetts—Boston
New
each city for the
331,287,403
Portland
Rhode
1942
2,273,465
8.4
20.0
-Boston-
Maine—Bangor--—
New
137,762,407
v
Week Ended June
Clearings at—
First Federal Reserve
121,154,285
four years:
ended June 19 for
27.4
+
Texas—Austin
We now add our
week
343,366,935
—
32
J—
Canada
6.0
4,584,938,398
+
+
Sioux City
Total
$
$
+
"
"
"
"
"
"
"
"
"
"
10
7
6,
10
17
4
7
10
6
10
1,881,222
1940
1941
Inc. or
Dec. %
3,354,819
2,227,57.9
3,020,409
8,404,867
31,587,687
Helena
$
4,428,111
36.4
+
2,034,388
Haute
Total
321,475
19.4
+
496,942
32,344,000
Iowa—Cedar Rapids
i
423,264
+
2,411,996
2,542,157
3,623,552
7,859,651
37,775,753
Bend
Des
12.8
4,298,397
560,724
5,131,491
3,290,427
3,238,478
35,064,000
Montana—Billings
CLEARINGS
1942
2,060,244
3,056,275
137,052
69,953,903
South Dakota—Aberdeen
367,279,445
389,135,392
i-111 cities
I
Total
Districts:
4,560,946,666
York
New
4th
BANK
1,332.484
6,362,021
South
of this city there was an increase of 14.9%,
recorded a gain of 13.9%. We group the
cities according to the Federal Reserve Districts in which they are located, and from
this it appears that in the New York District (including this city) the totals show
a gain of 14.3%, in the Boston Reserve District of 6.0%
and in the Philadelphia Re¬
serve District of 11.6%.
In the Cleveland Reserve District the totals record an in¬
crease of 3.7%, in the Richmond Reserve District of 17.0% and in the Atlanta Reserve
District of 23.5%. The Chicago Reserve District registers an improvement of 14.9%,
the St. Louis Reserve District of 15.0% and the Minneapolis Reserve District of
32.9%.
In the Kansas City Reserve District the totals are larger by 27.8%, in the
Dallas Reserve District by 27.5% and in the San Francisco Reserve District by 15.6%.
OF
i ••
1,579,413
+ 32.2
66,500,000
87,607,988
—
Indianapolis
+14.3
323,057 in the same week in 1942. Outside
the bank clearing's at this centre having
SUMMARY
20,327,525
'
218,592
(10 Cities)
Decatur.
furnish a summary by Federal Reserve
+
Seventh Federal Reserve District—Chicago—
detailed statement, however, which we present further below
we are able to give the final and complete results for the week previous—the week
ended June 19.
For that week there was an increase of 14.4%, the aggregate of
country having amounted to
4,568,601
9,483,743
37,970,852
134,500,000
2,663,992
Michigan—Ann Arbor
Grand Rapids
Lansing
In the elaborate
3d
1,546,959
240,382,864
37,544,456
+
26.3
week covered by the foregoing will appear
furnish them today, inasmuch as the week
ends Saturday and the Saturday figures are not available at time of going to press.
Accordingly, in the above the last day of the week in all cases has to be estimated.
2d
44,008,223
85,623,223
281,357,490
Louisiana—New Orleans
Complete and exact details for the
issue of next week.
We cannot
12 cities
12
"
2,872,000
56,402,419
2,228,620
30,332,602
Mobile
our
Boston
4,170,000
2.1
34,443,103
Mississippi—Vicksburg,.
Terre
1st
17.2
+ 15.7
+
+
126,494,328
Indiana—Fort Wayne
Districts
604,069
873,345
6.0
Alabama—Birmingham
8,954,825,720
Week Ended June 19
5,857,000
63,552,624
+ 64.5
+ 20.6
Wisconsin—Milwaukee
Federal Reserve
723,662
2,165,004
Macon
5,947.021,612
days.
In the following we
$
$
132,665,635
35,418,939
Colufh&a-j-Washington—
(6 cities).,
Augusta
1,515,333,155
week
clearings for the whole
1940
1941
or
2,211,327
Maryland—Baltimore
Florida—Jacksonville
7,462,354,767
1,492,470,953
five days
five days.
All cities, one day
in
Inc.
Dec. %
159,997,052
South Carolm^rCharleston
11.2
+
s.
Total all cities for
$
1,190,647
6,865,000
73,549,008
_
;
Georgia—Atlanta
16.5
456,000,000
268,670.991
207,793,455
Kansas City—.
Ban Francisco.
Total all cities, five
Virginia—Huntington
Virginia—Norfolk
-—RiQlxmoja4
Nashville
218,538,000
Boston
Ten cities,
West
Tennessee—Knoxville
f
157,088,384
143,100,000
Philadelphia-
Other cities,
$
■
.
Fifth Federal Reserve District—Richmond—
%v
366,225,312
507,000,000
288,734,250
Chicago
St. Louis
Z
Z:
1942
Sixth Federal Reserve District—Atlanta—
1
1942
1943
Week Ended June 26
New
1943
!
'
'
.
538,563,350
(32 cities)
*Estimated
:
"
'Ji 1
i
,
.
)
;.
'
3 '•
:.'/• JkV."":r.
.
-
.
/?.
v
.
5.4
705,043
703,544
+ 58.7
585,277
602,102
+
7.2
968,277
1,635,797
+
6.3
527,440,610
—
\
.i
t
' ~
398,479,724
i
T
:.3-.vZv'i•
..."
Volume
When
rer
hame
Per
Holdert
-
Name of Company
of Reo.
Payable
Share
of Company
(quar.)
Extra •'
——-
2412)
!
prior preferred
7 %
(Del.)—
Light & Railways Co.
United
7-
1
8-
2
7-15
58V3c
m 9-
1
8-16
58y3c
10-
1. ■
9-15
53c
7-
1
6-15
8-16
1
9-15
7-
1
6-15
50c
preferred
preferred
preferred (monthly)
U. S. Fidelity & Guaranty Co.
6%
7-15
1
10-
50C
(monthly)
(monthly)
(monthly)
6%
2
9-
53c
prior preferred
8-
2
7-15
7%
preferred
'9-15
7-15
6-30
7-15
6-21
$2>/2
7-
1
7-
1
6-11
1
6-15
7-
1
6-15
Young
8-
2
7-20
6-30
6-21
1
6-10
United States
U.
Co.,
S.
Rubber
S.
Products
Universal
common
Western
5%
(s-a)
Ltd.
Winstead
C.)
Common
6-21
1
9-21
1-3-44
6%
1
15c
6-30
6-30
6-10
$1.75
9-10
9-
1
$1.75
12-10
12-
1
1
7-
$l'/4
districts,
the principal increases being $181,000,000 in New York
City, $137,000,000 in the Chicago District, $83,000,000 in
38,612
+
97,528
S.
and
6-22
6-30
242,772
18,938
6-21
6-18
18,938
+
1,689
—
8,140
+
13,804
257
12,690
—
2
+
2,094
Bills
$1%
75 c
securities,
and guaranteed
direct
7-15
+1,064,098
6-
1
6-21
Bank
7-
1
6-21
25c
7-
1
6-29
6-15
6-30
6-22
30c
6-30
6-22
75c
6-30
6-15
7
assets
6-18
30C
6-30
38,999
58,176
premises
Other
6-21
1
7-
$1%
$3 J/2
7-
67 J/2 C
8-
2
7-
1
7-
1
7-
1
7-
1
acct._
Treasurer—gen. accts.-
Member bank—reserve
U. S,
Foreign
Other
12,223,242
293.726
7-
1
1
6-19
1
$1%
8-15
20c
6-30
6-17
12 J/2 c
7-15
7-
in
Surplus (Section 7)
Surplus (Section 13b)
Other capital accounts
+
—319,810*
17*.
—
+
1,484
17,444
Loans
Other
+4,598,887
-187,862
1
6-15
7-
—
Total liabilities & cap.
29,253,408
accts.
2
6-21
$1%
6-30
6-15
Ratio of total res.
$1 J/8
7-15
6-18
$1%
7-
1
6-15
F. R. note liabilities combined
Commitments to make indus¬
15C
7-
1
$l'/2
7-
1
2
—
—288,204
+ 287,729
300,101
5,625
to
in securities
brokers and dealers
loans
for purchasing or
to
+
+
50,760
+
77,710
155,141
+
116,539
88,592
—
117,013
—
+127,995
+
287,093
624
+
Balances with
12,465
6,251
+
1,045
+
5,336
5
—
12
—
+ 200
8,894
/
159
—
472
—
927
—
+
48
+ 726
V, +
6,729
9
+
504
—671
+
5,767
3
+
89
61
+
80
558
20
+
+ 106
2,441
domestic banks
4,414
+
1,887
Cash in vault
439
+
13*
+
3,065
Banks__—_
94
.68
+
—
—131*
15,683
with Federal Reserve
-
33
—225
3,954
securities
'<■' 1
Liabilities—
+4,553,334
-188,579
68
3,782
+
2,909
+
+
48
+
649
Demand
U. S.
32,787
deposits-adjusted
5,611
deposits
+
6,392
Government deposits
Interbank deposits:
38,814
Domestic
+
9,157
banks
281
760
„'£
_
Foreign banks
+
-187,862
-
74.8 %
6
+ 458
6,923
Government
(
—
62
+
/' ■
$
+
6
+
586
+
27
—
1,127
1,281
—
36
1,328
guaranteed by U. S.
—
12
5,804
.
certificates of indebtedness
2,129
+
—
95
bonds
Reserve
—295,678
438
1,144
Treasury notes
Other
59
'
banks
Treasury bills
Obligations
+
1,019
carrying
Real estate loans
U. S.
+
—
.3%
4,598,887
—
47
—
14.8%
82
+
Borrowings
demand deposit accounts except
interbank and U.
S. Gov't accounts,
during week
Debits to
4,367
"June
9
figures
revised
12,493
(Chicago District).
6-15
7-
to deposit &
trial advances
6-15
$$1.20
+4,381,125
21,520
+15,28$
9,649
securities
Loans
6-17-42
+157
industrial, and agricultural
601,771
—
(+) or
6-9-43
46,965
investments—total
Commercial,
42,546
+
437
—
90
+
1~443
+
4,181,292
+
+129,704
148,525
160,411
26,829
87,390
Capital paid
1
7-
$1.50
t$l%
and
Loans
Time
6-15
7-
Increase
Decrease ( —) Since
6-16-43
Assets-
loans
Capital Accounts—
6-15
1
$2
13,903,125
1,283,883
8,451
28,830,253
Total liabilities
6-15
8-31
1
304,590
items
Other liabs., incl. accrd. divs..
6-15
7-
7-
1,081,567
—
Total deposits
50c
25c
+4,165,394
121,821
13,634,794
-
Deferred availability
$1.50
7-
dollars)
»
Treasury
act. circulation.
Deposits:
6-15
50c
+
—
6-15
50c
29,253,408
-
6-26
25C
3,075,304
Liabilities—
F. R. notes in
6-26
$lJ/2
and of debits to demand de¬
Other loans
assets
Total
7-19
$lJ/2
6,779,755
137
68,395
1,697,697
Uncollected items
1
1
7-
+
and liabilities of
of the principal assets
posit accounts, follows:
'
securities—„■?
Due from foreign banks—;—.
F. R. notes of other banks
6-30
7-
15c
6,748,127
Total bills and
9
t$l
A summary
reporting member banks,
Loans—total
7-10
10-
District, and $281,000,000 at all
114,625
+
—
Total U. S. Govt,
9-10
7-20
$40,000,000 in the Chicagp
the Philadelphia District, $25,-
District, $27,000,000 in
88,633
—
37,200
15,700
—660,000
+ 834,721
—
1,523,748
831,400
1,098,200
3,294,779
-
7-17
10-20
domestic banks increased $138,-
Deposits credited to
000,000 in New York City,
(In millions of
guaranteed:
Certificates
9-20
8-
District.
15,493
+
8,140
+
6-19
1
6-24
United States
reporting member banks.
Notes
6-30
37J/2C
in the San Fran¬
Government deposits de¬
clined in all districts, the principal decreases being $317,000,000 in New York City and $89,000,000 in the Chicago
District, and $80,000,000
direct
securities,
Govt,
Bonds
6-19
7-
deposits-adjusted increased in all
000,000 in the Cleveland
—
6-30
62 J/2 c
6-30
•June
16
figures
revised.
Foreign Exchange Rates
50c
6-30
6-25
$3 J/2
6-30
6-19
$75c
7-15
6-15
$$1%
7-15
6-15
$11/2
7-
1
6-19
80c
7-
1
6-19
$1.50
7-
1
6-30
$1.25
"
1,255
+
20,610,249
discounted
Total bills
10c
(accum v
Since
378,912
—
\
in New York City.
6-24-1942
17,339
District, $35,-
District, and $458,000,000 at all
reporting member banks.
Holdings of Treasury notes
declined $225,000,000 and the holdings of United States
Government bonds declined $131,000,000, both largely
dollars)
—
$362,000,000 in
$44,000,000 in the Chicago
cisco District.'
6-16-1943
declines $27,000,000.
bills increased
000,000 in the St. Louis
+
U.
6-22
7-
1
6-30
6-30
6-18
50c
(irreg.)
1
7-15
7-
FOREIGN
Bank Is now cer¬
different countries of the
522 of the Tariff Act of 1930, the Federal Reserve
the Treasury the buying rate for cable transfers m the
for the week just passed:
,
CERTIFIED BY FEDERAL RESERVE BANK TO TREASURY UNDER TARIFF
JUNE 18 TO JUNE 24, 1943, INCLUSIVE
requirements of Section
EXCHANGE RATES
Noon
6-18
25c
Pursuant to the
tifying daily to the Secretary of
world.
We give below a record
6-21
50c
7;-
$1 J/4
_____
1
,
Country and
Monetary Unit
7-
1
6-11
$20c
7-
2
6-
75C
7-
1
6-25
25c
6-24
•
6-
June 18
5
4
$
*—
Free
1
6-11
1
6-17
Australia,
6-17
Brazil, cruzeiro—
Official
Canada, dollar—
7-
$1%
%
Official
7-
$1
1
$1%
7-
2
7-
2
6-23
June 21
$
$
50c
8-
1
8-
1
7-20
7-
1
6-15
7-
1
6-12
'
7-
1
.297733*
.297733*
.251876*
.251876*
.251876*
3.228000
3.228000
.060586*
.060586*
.060586*
.051275*
.051275*
.051275*
.051275*
.051275*
.909090
.909090
.909090
.909090
.909090
.901250
.901875
.901250
.901328
.901250
.572800*
.572800*
1
6-24
7-
2
Official
7-
6-
1
Free
7-15
7-15
11-
1
10-15
11-
1
10-15
New
$m 7C
.301215
.301215
.205800
.205800
.205800
.205800
.205800
.909090
.909090
.909090
.909090
6-10
1
.301215
.898750
.899375
.898750
.898958
.898750
3.244203
3.244203
3.244203
3.244203
3.980000
3.980000
3.980000
3.980000
3.980000
3.980000
Controlled
•Nominal rate.
:
.658300*
.528800*
.528800*
.528800*
.528800*
.528800*
.658300*
.658300*
.658300*
.658300*
.658300*
Uruguay, peso—
7-15
7-
.909090
;
3.244203
.909090
Africa, pound
Noncontrolled
7-31 '7
4.035000
4.035000
.301215
.898125
v
Zealand, pound
Union of South
.572800*
4.035000
.301215
3.244203
.
-
.572800*
4.035000
.205800
Newfoundland, dollar—
7-15
$1
.
.572800*
4.035000
.301215
England, pound sterling
India (British), rupee
7-
1
3.228000
.060586*
Mexico, peso
I
.297733*
.251876*
.251876*
3.228000
.060586*
.572800*
6-24
1
$'
.900625
1
8-
June 24
June 23
.291133*
4.035000
7-15
8-
New York
.051275*
Free
7-
$1
/
\
.060586*
Colombia, peso
$1%
$lJ/2
3.228000
y
ACT OF 1930 .
.909090
$l'/4
$25c
$
.297733*
3.228000
!
pound
7-20
50C
$1.50
$1%
June 22
.297733*
6-23
$11/4
June 19
.251876*
Argentina, peso—
7-
$1 J/4
Buying Rate for Cable Transfers in
Value in United States Money
j
6-15
$1%
„(quar.)
4-s,^v-y,T,T'-:r '
4
1,509
Industrial advances
6-10
7
7-
tlOc
$1%
(quar.)_
(irreg.)—
12-
—
S. Gov't obli¬
gations. direct & guarant'd
Other bills discounted
$1%
preferred, (1897)
12-15
New York City,
17,085
30c
Wisconsin Investment Co.
4
+
6-10
$1%
.
Co.—
9-
+
''
15c
■
9-15
54,760
6-21
7-
$1
securities
Holdings of Treasury
Canadian funds, tax deductible at the source.
Non¬
15%; resident tax, 7%.
a Less British income tax.
75c
Power
6- 5
383,774
6-12
mm——mi
(quar.)
Electric
7- 1
Secured by U.
1
7-
$92
'
common
in
and $12,000,000 at all re¬
Loans to brokers and dealers
increased $36,000,000, and other loans for
purchasing or carrying securities
6-19
*
Bills discounted:
7-1
$1.50
(quar.)_
Hosiery,
1
$1%
6-23-1943
agricultural loans declined
6-19
1
7-
20,171,715
12-24
62 % C
;
Extra
Wisconsin
6-21
1
Co.
Extra
6-30
7-
Redemption fund—F. R. notes
Other cash
12-27
6-30
7-
(quar.)
(quar.)
7-10
$1%
certificates on hand and
due from U. S. Treasury
10-
preferred (quar.)
White Rock Mineral Springs—
7%
1st preferred (quar.)
5% 2nd preferred (quar.)
White Sewing Machine, $2 prior pfd
$4 conv. pfd. (accum.)
i.
White Villa Grocers, Inc., 6% pfd. (quar.)
Whitman (Wm.), 7% preferred (quar.)
Wichita' Water Co., 7% pfd. (quar.)
Wieboldt Stores, $5 prior pfd. (quar.)
Wilsil,
1-1-44
.,
common
porting member banks.
Gold
62>/2C
7%
(R.
9-27
Inc.
Paper,
6-19
Increase or Decrease
62 ^C
(quar.).
pfd. (quar.)
Weston (George) Ltd. (quar.)
Wheeling & Lake Erie Ry. (quar.)
Wheeling Steel Corp., common—
$5 convertible prior preferred
(quar.)
Westmoreland,
pfd.
1
$1 J/2
com.
7-1
1
Westmoreland Water, 6%
6%
10-
$1%
•
$26,000,000 in New York City
this dividend.
Assets—
6-
^—
(quar.)
Union Telegraph Co.
Williams
6-26
1
(quar.)
class A preferred (quar.)__
(s-a)
Tablet & Stationery,
Whitaker
1
7-
preferred
Western
7-
25C
preferred
6-16
.
(In thousands of
$iy2
(quar.)
Wayne Knitting Mills, common
6% preferred (s-a.)
Wayne Pump Co
Weber Showcase & Fixture Co., Inc.—
$2 partic. 1st pfd. (accum.)
Welch Grape Juice Co., 7% preferred (quar.)
Wellington Fund, Inc., (irregular)
Wentworth Mfg. Co. (irregular)
Wesson Oil & Snowdrift
West Boylston Mfg. Co. of Ala.—
8% non-cumulative preferred
West Jersey & Seashore RR. Co. (s-a)
West Kootenay Power & Lt., 7% pfd. (quar)
West Penn Electric, class A (quar.)
West Penn Power, 4%% preferred (quar.)__
West Texas Utilities, $6 preferred (quar.)—
West Virginia Pulp & Paper
v
West Virginia Water Service—
$6 preferred (quar.)
Western Assurance (Ontario) 12% pfd. (s-a)
Western
Electric Co., Inc
Western Grocer (Iowa) 7% pfd. (s-a)
Western Grocers, Ltd., common (quar.)
7% preferred (quar.)
Western Insurance Securities, 6% pfd. (quar.)
Western National Bank (Bait.)
(s-a)
Western New York & Pennsylvania Ry. Co.—'
5%
6-16
1
$lJ/2
6-16
1
Motor
Common
1
7-
deposits.
Commercial, industrial, and
50c
not closed for
6-21
6-
Washington Title Insurance, common
non-cum.
7-
ment
7-14
1
75c
preferred
6-16
the Cleveland
1
(quar.)
1
—————
6-10
1
Reserve Banks Combined
7-
gtd. (s-a)
Warren Brothers, class A (s-a)
6%
2
7-
15c
River RR.
Waukesha
8-
6-30
75c
preferred (s-a)
Baking Co., $7
Ward
6-17
$1%
(quar.)
Waldorf System, Inc. (quar.)
Walkerville Brewery (interim)
Ware
6-30
75c
Wagner Baking, common vtc
$3 2nd preferred (quar.)
Co., 6%
in
tax,
6-15
75c
preferred (quar.)
Detinning Co., common
7% preferred (quar.)
7% preferred (quar.)
Wabash-Harrison Corp. (irregular)
Wabasso Cotton, Ltd. (quar.)
Common
6-30
$2
(irregular)
preferred
6-19
1
7-
10C
Total reserves
(quar.)
1
7-
6-15
$1
6%
Walworth
6-30
—
Vulcan
7%
6-15
$i%
preferred (quar.)
Chemical Works
7% preferred
7-
15c
dqmestic banks,
in United States Govern¬
decrease of $671,000,000
25c
•
Stafemen! of Condition of the 12 Federal
1
40c
Victor Monaghan,
$1%
—
6-18*
7-
Banks,
Demand
1
& Light—
Vlcheck Tool Co., common
Virginian Ry.,
6-28
resident
5c
preferred (quar.)
5% prior preferred (quar.)
5% prior preferred (quar.)
Valve Bag Co., 6% pfd. (quar.)
Valvoline Oil, 8% preferred (accum.)
Van Camp Milk Co., $4 preferred (quar.)„_
Van de Camp's Holland Dutch Bakers, com.$6.50 preferred (quar.)
Vapor Car Heating, 7% pfd. (quar.)
7% preferred
(quar.)
Ventures, Ltd. (interim)
Viau, Ltd., 5% pfd. (quar.)
7%
6-28
Co.—
Knitting
9-20
6-18*
20c
prior
Victor
8-14
$15
;
(accum.)
preferred
$7
7-20
1
2
preferred (quar.)
___
6% preferred (quar.)
6% preferred (quar.)
Utah-Idaho Sugar, 60c, class A pfd. (quar.I.¬
Utah Power & Light $6 pfd. (accum.)
5%
6-15
7-
6%
Utica
a
2
10-
of accumulated dividends.
account
tPayable
1
6-28
7-
Company
Upper Michigan Power
7-
30c
(quar.)
common
tOn
7-15
(irregular)
Tobacco,
Leaf
and
8-
50c
Jamaica income tax.
books
•Transfer
7-10
7-15
preferred (quar.)
8%
6-15
17 V2 c
Extra
Universal
1
7-20
IOC
**
$281,000,000 in deposits credited to
serve
balances with Federal Re¬
$726,000,000 in demand deposits-adjusted,
30c
1
7-
$1%
b
and
50C
30%
xLess
IOC
Sugar Corp., common
partic, preferred (participating)
preferred (quar.I
United Stockyards, 70c conv. pfd.
(quar.)
U. S. Trust Co. (N. Y.)
(quar.)
United Utilities, Inc. (s-a)
6.4%
5-27
(
8-31*
11-30*
25C
$5
Universal Cyclops Steel
9-20
12-20
$1.50
common
7- 2
1
30c
(accum.)
(resumed;
preferred class A
$3
U.
tions, $200,000,000 in reserve
(J. S.)
50C
(quar.)
(quar.)
Printing & Lithograph Co.—
Plywood Corp.
6-26
Corp.—
Quarterly
Quarterly
50C
Playing Card Co.
S.
6-26
7-1
(quar.)
non-cum.
Government obliga¬
7- 1
$15
'
Co., common (quar.)
7% preferred (quar.)
Youngstown Sheet & Tube—
5>/2%
preferred A (quar.)
*
—
Zion's Cooperative Mercantile Institutions—
50c
Quarterly
Quarterly
U.
4%
ended June 16: increases of $110,-
changes for the week
000,000 in holdings of United States
$17.50
'
.
common
Cement
7-
7-
6-16
—
6-30
$1%
6-16
25C
Portland
Yosemite
of weekly reporting member
cities shows the following principal
$1%
(quar.)
50C
$1
6-28
6-28
10c
B
40c
convertible preferred (quar.)
International Securities—
$5 1st preferred (accumulated)
U. S. Leather Co., 7% prior pref. (quar.)
United States Pipe & Foundry Co.—
6-30
50c
banks in 101 leading
6-15
50c
(quar.)
pfd.
(quar.)
Co., 7%
preferred
York Corrugating (s-a)
68% C
6-30
The condition statement
$7J/2c
—
.
preferred
7%
6-19
&
U. S.
:
-
(Rudolph)
$1%
(quar.)
6-11
$17.50 payment.
a
TownqfMfg. Co.
Class
6-19
$l3/4
5V2%
S.
as
Yellow Truck & Coach Mig.,
6-30
6-30
U. S. Hoffman Machinery—
U.
Common
Wurlitzer
Yale &
25c
(quar.)
common
8-16
1
$l'/2
Securities, $6 lstpfd. (quar.)
U. S. Gauge Co. (s-a)
7% preferred (s-a)
U. S. Guarantee Co.
(N. Y.)
Gypsum,
1
10-
25c
Extra
S.
9-
50c
(Bait.)
1
$1%
Wright-Hargreaves Mines
(reduced)
Wrigley (Wm.) Jr., Co., common—
■
.
U. S. & Foreign
U.
last week
50c
6%
15c
Member Bank Condition Statement
6-11
7-
7-20
/
15c
__
8-
53c
53c
__
1
—
(resume^)
Woodley Petroleum Co. (quar.)
Woodward & Lothrop, common (quar.)
7% preferred (quar.)
Worthington Pump & Machinery Corp.—
7% preferred A (accum.)
6% preferred B (accum.)
______
The 6% pfd. B was erroneously reported
6-15
58'/a c
:
•;
7-
__
Woodall Industries, Inc.
58V-»C
(monthly)
preferred (monthly)
7% preferred (monthly)
7% preferred (monthly) ___
6.36% prior preferred (monthly)
6.36% preferred (monthly*
6.36%
preferred (monthly)-!
6.36%
preferred (monthly)
7%
6%
•
of Rec.
Payable
25c
1
Oil
Wiser
Holders
When
"
share
v;
2441
CHRONICLE
& FINANCIAL
THE COMMERCIAL
Number 4189
157,
V
.528800*
THE COMMERCIAL &
2442
and Investment News
General Corporation
RAILROAD
PUBLIC UTILITY
-
Co., Ltd.—Bondholders to
Paper
&
Power
Account of Principal—
Receive $190 On
York Stock Exchange has received notice
to order of the Supreme Court of Ontario payment of
dian funds on account of the principal of each $1,000
that pursuant
$190 in Cana¬
first mortgage
5%, due 1953, will be made on or
bonds for stamping at the
after June 30,
office of City
The
New
gold bond, series A,
1943,
presentation of
on
Co.
notice relative
Bank Farmers Trust
following
The
"Residents
United States of
to residents of the
accompany the checks:
of the United States are
will
America
r
„
,
,
entitled under Regulations of
Exchange Control Board (Canada) to obtain United
States dollars
in settlement of Cheques marked 'G/F Exempt, and
conversion may be made at the Control Board rate at a Canaaian
Branch of any Canadian Chartered Bank.
If you desire to take
advantage of this rat'e, which is today .11# premium (approximately
$171,17 U. S. for $190 Canadian), your cheque may be sent to the
Bank of Canada, 68 William St., New York,
you or to
your banker in United States
Control Board rate current on the date of receipt, less
Agency of The Royal
which
will remit
to
at the
dollars
small handling charge."
The Exchange directs that
a
be made as follows;
"Stamped as to payments
/
•
'
■
That
must
to.be dealt in "Flat," and to
be a
subsequent coupons.
the June 1, 1932, and
carry
3 Months
1943
—.i
Estimated
Estimated
—
excess
income
exc.
1942
220,462
824,610
220,462
570,913
$422,316
$1.28
$394,128
$1.20
and
'iV.
profit
<•
...
—
"
Earnings
MMi
—
period, ending March 31, 1943, the gross earnings
$5,306,370, as compared with $8,924,578 for the previous
period.
Estimated excess profits taxes totaled $2,791,575,
and estimated normal and surtaxes amounted to $881,846.
Net profit
the 12 month
For
MS
share
per
amounted
12
Divs.
Note—Anticipated post-war refund of 10 % of first quarter 1943
excess profits tax
amounting to $82,461, or $0.25 per share, has not
been included in income, but will be set aside as a reserve for con¬
157,
1520.'
p.
cents.—V. 157, p. 1045.
have declared an extra dividend of 25 cents per
usual quarterly dividend of like amount on the com¬
mon
stock, both payable July 15 to holders of record July 3.
Like
amounts were disbursed im each of the 13 preceding quarters.—V. 157,
p.
,»
■
'Co.—Earnings—
Alabama Gas
Operating
revenue
$3,412,486
2,233,226
351,555
,
$3,161,313
2,083,311
Cr4,816
i.
—
purchased-^—.
gas
Maintenance
Crl7,062
charged to construction
63,601
___________________—
income
53,110
88,311
120,692
101,780
5,600
5,100
82,300
153,900
$443,122
6,887
______
taxes.
:
___.
MB
Net
earnings
Other
income
l
______—
$434,987
Interest
$362,038
172,021
175,097
$262,966
$186,941
100,000
Gross income
_—
Common dividends
_______—
Balance
Assets—Property,
Sheet,
March
31, 1943
cash, $359,910; U. S.
receivable (less reserve for
materials, supplies and
with trustee under 1st mortgage indenture, $33,047;
Government
$200,000;
notes,
tax
uncollectible
merchandise,
$43,794;
of
accounts
accounts
$64,591),
$357,347;
prepaid taxes, insurance, etc., $45,225;
deferred
total, $6,757,097.
charges, $59,342;
$240,722;
accrued
State
other than income taxes, $40,589; accrued Federal and
taxes, $215,963; accrued interest on long term debt
miscellaneous accrued liabilities, $7,450; reserves, $955,796;
taxes,
Income
$9,757;
in aid of construction,
contributions
earned surplus, $743,877;
$28,747;
capital surplus, $256,764;
total, $6,757,097.—V. 156, p. 2093.
Alabama Natural Gas Corp.—Earnings—
12 Mos. Ended March 31—
Operating revenue
Natural
1943
$399,261
_.
purchased
expenses
charged
to
215,055
75 961
33,734
19,148
4,768
'
Traffic
43,675
5,567
Transportation
*
Cr719
Cr3,571
13,008
15,247
8,359
15,286
17,545
16,556
;
.
for depreciation^
Taxes* other than Income taxes
Provision
income
t&xes________
income
70,089
800
!~
taxes
650
6,900
18,150
Total net
$55,464
Gross
Interest
on
Miscellaneous
5,431
$52,995
$46,285
income
14,591
902
facility rent
Joint
interest
23,000
Miscellaneous rents
901
$28,820
Balance
Sheet,
March
.31,
$22,845
1943
Assets—Property, plant and equipment, $734,345; Cash, $84,414* U S
Defense Savings Bonds, $40,700; accounts receivable (iess
Government
16,128*628
10,884,519
2,000,000
9,800,000
5,545,000
1,635,056
987,856
6,328,628
5,339,519^
$0.75
$0.38
$2.86
normal
surtaxes
on
net profit
Cons,
(sub¬
adjust.)
year-end
__
basis
for Federal
first-out" principle of determining the
inventories.—V. 157, p. 2141.
of certain merchandise
Aluminum Co. of Canada, Ltd.—Dividend No. 2—
The
declared
have
directors
a
dividend
redeemable
cumulative
5%
the
on
2) of $1.25 per share
fund preferred stock, par
(No.
sinking
payable Aug. 1 to holders of record June 30.
An initial distribu¬
tion of like amount was made on May 1, last.—V. 157, p. 2006.
$100,
Class A Dividend—
American Bakeries Co.—Extra
directors have declared
The
and
15.
class
B
amounts
value,
par
no
class
Water
Alabama
June
29
&
to
Co.—Hearing—
Service
hearing for June
and Exchange Commission has set a
The Securities
A
17.
applications of the Alabama Water Service Co. and Federal Water
Gas Corp. for the sale of water works and water distribution systems
five towns in Alabama.
Total purchase price of the five properties
transactions are in accordance with the
Federal approved by the Commission. Pro¬
will be applied to reduction of debt by Alabama.—V. 157, p. 2208.
This compares
A
holders
previously declared on the capital
of $3.70 per share,
dividend
The
is payable on July 1 to holders of record June 15 (not June 19
reported in these columns a few weeks ago). This compares with
$3.75 per share paid on Jan. 2, last, prior to which semi-annual dis¬
tributions of $4.50 per share were made.—V. 157, p. 1937.
stock,
Allegheny Ludhim Steel Corp. (&
Subs.)—Earnings—
f$915,644 $2,720,164
$960,<598
Earnings per share
t$0.69
$2.12
$0.72
After depreciation and taxes,
etc.
fRevised.
lAfter taxes based
on the
present rate giving no effect to the 10% post-war refund.—
J$l,419,240
$1.08
profit
V.
157,
1520.
p.
cash,
share
the common
record June 21.
in each quarter
quarterly dividend of 25 cents per share on
stock, par $10, both payable June 30 to holders of
Like amounts were disbursed on March 30, 1943, and
1942.—V.
during
157 p. 1142.
Adding Machine
Wales
Allen
Corp—Extra Div.—
declared an extra dividend of $1 per share
directors have
and
dividend of 50 cents per share on the common
par
value, both payable June 30 to holders of record
An extra of 50 cents per share was paid on Dec. 22, 1942,
usual
the
stock,
and
quarterly
no
23.
1942.—V. 127, p. 954.
special of $1.50 on Nov. 24,
a
John
on
cash,
President
of
on
dent
June
22
of United
Air Lines,
American Sumatra Tobacco
the
on
profit capital
1943
1942
1941
1940
$2,082,882
$1,442,568
$1,410,125
812,220
812,220
Earnings per share
$1.77
$1.73
"'After interest, depreciation, Federal taxes and estimated provision
for excess profits tax in
1942 and 1941.
Note—Federal income and excess profits taxes for the 12 months
ended March 31 amounted to $5,815,664 in 1943 and $1,964,832
in
812,220
$2.56
800,675
$1.78
1942.—V. 157, p. 1803.
(&
Alpha Portland Cement Co.
Sut^s.)—Earnings
1940
1941
.
for
war
$8,053,854
1,302,269
1,360,674
$6,688,756
545,467
,' 820,087
16,981
28,039
294,120
*>'
127,714
Surplus
Earnings per com. share
depreciation
Current
assets
as
and
$1,393,808
1,268,180
$149,195
$1.84
depletion.
$1,038,515
957,875
$125,628
$2.20
$675,392
$80,640
$1.64
j; 639,500
of March
31,
.,
\
1943, including $7,671,302
;
>
$35,892
$1.05
-. -v j
of cash
Treasury securities/ tax anticipation notes, etc., amounted
to $10,287,391 and current liabilities were $1,181,091.
These compare
with cash and U. S. Government securities of $6,279,732; current
and
U.
S.
the
of
because
15, 75 cents.—V. 157, p. 2006.
subsidiaries
The
war.
are
operating to capacity in
localities and gross receipts, which were up 8.7% in
are currently running about
13% ahead of 1942,
many
and
1941
1942 over
would be
greater if equipment were available.
The present international situa¬
tion has eliminated one of the most serious problems confronting the
for more than ten years, namely,
dollars.
company
of Operations—The balance of
was
$6,834,364 for 1942 against
the parent company was
1941.
No income has been
for
473
consolidated income after
$'5,854,625 in 1941.
The
$6,080,909, compared with $3,368,included from the subsidiaries of
in Shanghai, China, whose properties are presently under
income of
the company
control of the Japanese.
the
Operating
revenues
8.7%
of
increase
of
that of transferring income
investments into
over
were $64,385,000 in 1942, an
Operating revenue deductions increased
$16,601,000, an increase of 3%
subsidiaries
of
1941.
and net operating revenues were
1941.
' Higher
fuel
are-
which were
60%
costs
Pernambuco, Brazil,
costs, the principal elements of
freight rates and war risk insurance, accounted for over
in operating revenue deductions.
Increased fuel
the increase
major
a
it
where
is
expense
necessary
in Cuba, Panama, and
to import fuel.
Generally,
the other fuel con¬
suming subsidiaries are securing satisfactory supplies locally, although
in some cases the use of substitutes has been necessary.
About 57%
of the entire output of the power ptants of the American & Foreign
Company system is from hydro plants.
of a large municipal indebtedness
Power
owing for years to
made it possible to reverse into surplus a
equivalent which had been set up against the
indebtedness; at the same time the special contingency reserve of the
company was increased by $900,000.
:
collection
The
one
of
subsidiaries
the
of
$900,000
Earnings of Subsidiaries for First Quarter of 1943—Operating reve¬
of subsidiaries were up $1,988,000 or 13.2% for the first three
of 1943 over the corresponding period of 1942.
Operating
revenue
deductions increased 15.6%, and net operating revenues in¬
nues
months
creased by
creased
$1,089,646
940,451
Net profit
March
American & Foreign Power Co., Inc.—Annual Report
E. Calder, President, in the annual report for 1942, reports that
was an active business year
in the countries south'of the Rio
Grande.
Our Good Neighbors are producing necessary
agricultural
and
mineral products
and, to the extent possible, providing their
own
requirements in manufactured goods which are not available
$527,000 or 9.2%.
Statistics-r-The
200,000
conting._
of 25 cents each were made on
C.
reserve
Quarters End. Mar. 31—
1943
1942
Net sales
$10,716,283 $10,453,003
2,080,566
1,968,589
•Operating income —__
2,030,203
2,162,237
Total income _________
33,663
33,451
Income charges
838,928
602,944
Federal income taxes—
25
1942
ocean
$1,427,549
I stock
Co.—Special Dividend—
special dividend of 50 cents per share
value, payable July 15 to holders of
this year. Payments during 1942 were as follows:
cents;- June 15, 25 cents regular and 50 cents extra;
15, 25 cents; and Dec.
over
(& Subs.)—Earnings—
12 Mos. End. Mar. 31—
•Net
Shares
when 75 cents in
disbursed.—V. 157,
15,
June
16,
a
par
no
Distributions
1.
July
and
15
stock,
common
record
10.8%
Allied Mills, Inc.
A similar distribution was made
Nov. 1, 1941,
share in class B stock, was
The directors have declared
interest
announced the election of W. A. Patterson, Presi¬
as a director of the Alliance Insurance Co.
of Philadelphia and the Philadelphia Fire & Marine Insurance Co.
Previously, Mr. Patterson had been elected a director of the Insurance
Co. of North America.—V. 152, p. 4114.
ica,
a
Summary
of North Amer¬
Insurance Co.
the
l,/32d of
or
686.
p.
on
(Phila.)—New Director—
Co.
Insurance
Diemand,
A.
share of class B stock, on the $3 cumulative
(optional dividend series of 1928), payable
a
stock
A
Dividend—
extra dividend of 5 cents per
directors have declared an
The
of
class
to holders of record July 12.
May 1, this year, the first since
Sept.
and the usual
l/64th
or
2
March
Allemania Fire Insurance Co.—Extra
the first since Jan. 1, 1942, when 68% cents in cash, "or
share of class A stock, was paid on this issue.
also declared a dividend of 37% cents per share in
a
convertible
Aug.
cents per share in
34%
directors
The
'1940
1941
1942
1943
3 Mos. End. Mar. 31—
of
l/16th
Co.—Dividends—
o!f
dividend
stock
1, last,
May
a
l/32d of a share in class B stock, on the $2.75 cumulative
(optional dividend series 'of 1936), payable Oct. 1 to
of
record Sept.
11.
A similar distribution was made on
or
class
declared
have
directors
cash,
RR.—Dividend Dates Changed
1942.—V. 157, p. 776,
American Cities Power & Light
The
The
Albany & Susquehanna
a
$1,
par
last, and in each quarter during
on
$995,000.
stock,
common
Dividend—
dividend of six cents per share on the
payable June 30 to holders of record
with eight cents per share paid on March 31,
directors have declared
The
2006.
p.
share
dividend of 50 cents per share on the
both payable July 1 to holders of record
A dividend of 75 cents per share was also declared on the
stock, no par value, payable as of the same dates.
Like
were paid on
April 1, last.—V. 157,j p. 986.
stock,
June
extra dividend of 25 cents per
quarterly
usual
the
A
an
American Business Credit Corp.—Smaller
157,
$2.29
income has been made on the
taxes on
applying the "last-in,
of
$30,280
surplus
Balance,
-V.
•After
income
2,987,856
exc.
513
$46,746
23,000
1,175
'"!!!
long term debt
&
class
645
freight cars, debit balance
Hire of
Dividends
___!
income
4,935,056
Fed.
est.
taxes,
taxes
4,866
$41,315
Dr2,m
Other income
in¬
Fed.
* 3,300,000
for
profits
$45,640
revenue
Miscellaneous rent income
Prov.
earnings
36,787,169 177,132,298 156,841,651
44,457,893
$50,506
201,739
construction!!!!!
Maintenance
Federal
$368,574
_
gas
Operation
General
1942
"
periods)
taxes
come
$157,399
operating revenue
of way and structures
of equipment
Maintenance
deposits and accrued interest, $108,798;
customersS
times
all
before
Profit
'
not
stores
at
both
amounts
1943
stock (60,000 shares, no par),
$1,331,300; longterm debt, $2,801,000; accounts payable, $16,335; due to affiliated com¬
Liabilities—Common
Net
RR. Corp.—Earnings
Maintenance
Alliance
funds deposited
$5,658,432;
and equipment,
plant
of
during
$
fexcl.
Earnings per com. share
25,000
and other deductions.
income
panies,
sales
$
$
36,787,169 178,967,161 157,527,509
44,926,166
sales
net
owned
$954,944
Earnings for Month of April,
June
Net
$2,436,986
Alabama, Tennessee & Northern
Total
The
State
$80,617
2141.
p.
$355,151
Dr8,134
taxes
income
Federal
Net
;2,311,800
337,712
117,207
for deprec. and amortization
Provision
Taxes, other then! income taxes
.
2,268,986
*
1942
1943
March 31—
General expenses
.
189,082
sales/X
Note—Provision
•Net
12 Mos. Ended
Natural
Total
1943—12 Mos.—1942
1943—3 Mos.—1942
April 30—
ject to audit and to
and the
1803.
State
189,082
i
directors
The
■X
-6,506,893
as
Inc.—Extra Distribution—
Air Reduction Co.,
Subs.)—Earnings—
(&
Corp.
Stores
net
ceeds
Dividend—
of this
$3,266,743
have
directors
23, year-end of 35
share
Total
voluntary reorganization of
declared a dividend of 10 cents per share on
the class B stock, par $1, payable July 10 to holders of record June
30.
A similar distribution was made on April 6, last.
Payments in
1942 were as follows:
April 6, July 15 and Oct. 3, 15 cents each; and
Dec.
5,979,582
$4,705,972
$187,003
157,
aggregates
.
Supply Mfg:. Co., Inc.—Class B
Aero
The
624,450
$269,699
stock
pfd.
on
Balance
amounted to $1,632,947,. or $4.97 per share, as
$2,940,972, or $8.95 per share for the 12 month period
1942.
tingencies.—-V,
m
283,857
$376,085
deduct.
other
&
on May 31 the stockholders voted to
corporation to Kemsley Newspapers, Ltd.—
held
meeting
name
income
ending March 31,
iiim
$9,773,636
taxes
these
the
136, p. 4269.
to
compared with
:"riS!
275,721
$894,148 $10,685,555
$659,942
income
Net
month
after
2,918,830
;2,842,419
1,026,161
1,128,635
2,516,380
taxes__
prof, taxes
income
Gross
Inter,
annual
the
At
change
V.
Prov.
Gross
Net
2,755,125
Federal
$1,185,503
surtax
profits taxes——
normal
3,078,000
262,928
operating revenue
Railway tax accruals
$1,467,389
Ended March 31—•
profit
Gross
250,000
882,033
Net
Co. (& Subs.)-^Earnings—
Acme Steel
265,600
General expenses
157, p. 2141.
—V.
—
taxes
Federal
offers
and
and
the bonds shall continue
delivery
General
$2,255,217 $28,823,282 $27,401,391
8,659,587
10,564,624
848,140
deprec—
expenses
for
Provision
—V.
($1,000);
bond
Operating
1943—12 Mos.—1942
$2,457,215
649,639
revenue
London, England—To Change
$
1943—Month—1942
31—
current liabilities of $1,062,853 oft March 31,
$1,868,287 in 1943 against $1,951,383 in 1942.
Allied Newspapers, Ltd.,
Allied
Period End. May
were
436.
p.
Name—
,
shall be considered as being for bonds
"Stamped as to payments of $130, $100 and $190 in Canadian funds
a/c of principal" unless otherwise specified at the time of contractThat bids and offers on bonds "Stamped as to payments of $130,
$100 and $190 in Canadian funds a/c of principal" shall be made
on the basis of a percentage of the original principal amount of the
bids
That
157,
Per. End.
Power Co.—Earnings—
Alabama
Gross
Inventories
1942.
2093.
p.
Canadian funds
of $130, $100 and $190 in
principal";
"Plain"'
mV
to affiliated companies, $54,303;
accrued interest thereon, $18,923; accrued
taxes, other than income taxes, $6,233; accrued Federal and State
income taxes, $23,970; accrued interest on City of Talladega 5% bonds,
$500; miscellaneous accrued liabilities, $2,074; reserve for depreciation,
$151,191; contributions in aid of construction, $6,296; capital surplus
$416,630; earned surplus (deficit; $140,634; total, $932,483.—V. 156,
and
deposits
of $9,215,857 and
assets
—V.
long-term debt,
Liabilities—Capital stock (1,000 shares, no par), $1;
customers'
MISCELLANEOUS
-
$390,000; accounts payable, $2,966; due
the bonds dealt in as
may
a/c of
$52,584; materials, sup¬
prepaid taxes, insurance, etc., $6,033;
$924; total, $932,453.
...
'Stamped as to
payments of $130 and $100 in Canadian funds a/c of principal,"
referred to in circular, dated April 7, 1942, be quoted ex the above
payment of $190 in Canadian funds per $1,000 bond on June 30, 1943;
That beginning June 30,
1943, Exchange Contracts in the bonus
.
plies and merchandise, $13,454;
deferred charges, miscellaneous,
Foreign
the
INSURANCE
-
uncollectible accounts of $13,872)
for
reserve
Abitibi
INDUSTRIAL
-
Monday, June 28, 1943
FINANCIAL CHRONICLE
were
number
of
>
electric
customers.
served in Latin America in¬
1941 to 1,479,574, of which 1,398,649
customers
§£?913, or almost 5% over
*
output increased 5% over 1941 and energy
produced was distributed over 26,336 miles of line. Generating capacity
of the subsidiaries was 842,358 Kw. at the end of 1942.
The company
and its subsidiaries have over 30.000 employees.
A comparison between the statistics for 1942 and 1932 of the com¬
pany's subsidiaries operating in Latin America indicates that in this
ten year period the number of communities served increased
13.8%;
electric customers increased 76.9%; output of power plants increased
92.7%; production capacity of power plants increased 10%; gas outGenerating
station
.
went down 1.1% and
put Increased 56.5%; whil6 passengers carried
miles of electric railway decreased 10.4 %.
company
Capital stock of subsidiaries——
Funded
1943/
Accrued
Accrued
——————
taxes
interest
Expenditures—Construction expenditures by subsidiaries were
approximately $8,900,000.
Power plants and additions were under
construction in Argentina, Brazil, Chile, Colombia, Costa Rica, Cuba,
Ecuador and Panama.
Difficulties in obtaining materials and equip¬
ment under war-time conditions retarded the progress of many projects
and in some instances it was necessary to suspend work temporarily.
Maturities—Mr. Calder reports that on Feb. 15. 1943 the company
made the final payment on its indebtedness to the banks and Electric
Bond
and
Share which had originally
been for $50,000,000.
The
amount outstanding on
these serial notes at the end of 1941 was
$14,500,000, of which $11,400,000 was paid off in 194? and $3,100,000
was paid off in
1943.
The $35,000,000 note payable to Electric Bond
and Share due Nov. 15, 1938 was by agreement subordinated to the
serial notes and the debentures of the company so long as any part of
the bank loons remained unpaid. Upon the final pavment on ihe serial
notes in 1943, the subordination feature of this note was removed and
the interest rate was reduced from 7% to 6%
per annum.
It is the
view of the Securities and Exchange Commission that no payment may
be made on the principal of this debt without prior steps under the
Public Utility Holding Company Act ancj the company is committed to
give the Commission at least 30 days' notice in writing before making
any such payment.
This $35,000,000 debt and the $50,000,000 deben¬
tures are the only indebtedness of the company other than current
accounts payable.
Funded debt maturities of the subsidiaries during
the next three years total $243,614.
The company and its subsidiaries
have bank balance in the United States and U. S. Government securi¬
ties aggregating $14,600,000 at the present time.
Financing and Latin American Partners—In 1941, for the first time
since the beginning of the depression, the company was able to do
—
:
Deferred
liabilities
Deferred
-
credits
_
Reserves
Earned
;
Statement
Other
$12,880,986 $10,817,915
under the laws of the countries
all of these companies have a
and as members of their boards of
directors' meetings are held locally.
every country in which the subsidiaries do business, some securities
of the operating companies are held by local investors and, as security
markets have improved during the past few years, additional local
partners have been brought into the business.
As exchange and economic conditions iroorove and further financing
by the subsidiaries appears favorable, Mr. Calder points out that
the company will continue to avail itself of the opportunity to bring
in additional local partners.
In all such situations where the com-pany retains a large investment,
it naturally and properly reserves
the right to watch the affairs and participate in thq management of
the property as would any prudent investor.
In this way only can
the company discharge its obligation to its security-holders who have
placed their capital in its hands.
Proceedings Under the Public Utility Holding Company Act.—The
report, explains that in December, 1939, the 'company and its sub¬
sidiaries were granted wide exemptions from the. provisions of the
Holding Company Act except in the case of future offerings of se¬
curities which may be made in the United States.
In October, 1942, the company was formally reinstated as a party to
proceedings under Section 11-b (2) (the so-called corporate simplifica¬
tion provision) of the Holding Company Act against the Electric Bond
and Share Co. and its subsidiary holding companies. This action fol¬
lowed advice from the PubMc Utilities Division of the Securities and
majority of nationals as officers
directors; and stockholders' gnd
Interest
of
amort,
and
Sheet
Balance
Invest,
Cash
bills—-.
receivable
Accounts
current
to the
Com¬
pany Act to achieve simplification in the capital structure of this com¬
pany, to determine whether any orders should be issued with respect
to payments of interest or principal on debt claims of Electric Bond
and Share Co. and related matters.
In conformitv with requests, the
company ''has furnished
the Commission with information and~ data
bearing oil the history and financial structure of the company.
The
Commission presently indicates informally its need for additional data
that it was contemplating recommending
be instituted under the Holding
Exchange Commission
proceedings
that
and submitted as requested.
which is being prepared
and information
Only)
etc
9,766,195
1,000,000
...
of Consolidated
Statement
Income, Years Ended Dec.
31
1940
1942
1941
1940
$64,384,948 $59,234,838 $54,451,897
exp., incl. taxes,
42,259,058 37,714,138 34,673,399
ret. res. approp.5,524,832
5,413,539
5,309,522
$61,389,670
40,868,796
5,561,000
$16,601,056 $16,107,161 $14,468,976
$14,959,874
Subsidiaries—
Operating
Oper.
Prop.
revenues
revenues,,
oper.
(net)
<
19,335
19,335
$16,573,354 $16,086,140 $14,449,641
784,954
758,377
839,093
$14,940,539
21,021
27,702
—
3,643
Other
and
public
to
839,973
$15,288,734 $15,780,512
$17,358,308 $16,844,517
income
int.
in
1,802,531
Earned
subsidiary
2,397,222
2,035,510
1,941,346
equity
above
$11,554,006
143,298
co.,
as
—
Other income
$11,410,708
.
j j » ) j
' I " ":T*|
$13,129,853 $12,537.2^5 $11,?«5..36« $11,410,708
504,588
766,802
504,873
504,873
'"
Co., Inc.—
.
(
$13,634,441 $13,304,067 $11,900,239
in
of
shares
775,977
int. ded. $12,221,963 $11,530,024 $11,124,262
Bal. applic. to
$11,139,604
pub. & amort, of
Int. to
disc.
debt
&
$6,834,364
1,702,528
Preferred dividends
requirements
unearned.
dividend
"Full
whether
earned
Co., Inc.,
5,792,715
5,792,715
$5,854,625 >$5,331,547
1.418,722 jj. 1,135,018
$5,346,889
5,675,399
5,387,599
expense-
Balance
Power
1,774,043
1,412,478
or
applicable to the respective periods
tNei equity of American & Foreign
Dec.
31
Plant,
property,
franchises,
in
banks
on
156,307,061
demand—
Short Term Investments
Receivables
-
(net)
Other assets
;
Deferred charges
Total
——
}
$
661,774,491 657,495,393
2,834,100
5,966,551
etc.:
Investments
Cash
1941
$
—
16,472,813
3,723,514
4,481,876
12,523,665
7,551,794
2,752,373
4,104,917
11,366,499
7,725,186
—709,196,501 705,883,732
9,560,159
330,401
331,418
11,330,209
9,228,741
con-
2,468,580
3,975,000
6 for hearing on Company's proposal that the
June 21 to Oct. 21 the time allowed com¬
from
of gold debenture bonds.
$10,000,000 worth
to
up
for its own gold debenture,
and Southwestern Power & Light Co.'s 6% gold
debenture bonds', Series A, due 2022.
On Feb. 22, 1943, the Commission entered an order permitting Ameri¬
American would pay cash
2016,
due
cash during the period ended June
at a price, of not more than
expend up to $10,000 000 in
to
1943, in the purchase of the bonds,
of the face amount.
100%
"
,
>
During the period covered by the order the market price for the
was above 100 most of the time, and the company acquired
face amount of its own debentures and $14,100 face
debentures, or a total of $2,176,300 for which
$2,162,200
only
of Southwestern
and delivery
31, 1943
12.00%
of
week
$20,285,621
1,093,776
.
$19,191,845
sales
Net
selling,
sold,
goods
of
Cost
and
adv.
Depreciation
—.J.'.
''
'
"
14,915.544
admin, expenses
'
'
133,712
Other
five
Interest
exchange
Foreign
.
for Fed.
inc.
63,713
83,098
other deductions
Miscellaneous
Prov.
adjustment
and foreign inc. and excess
*2^83,426
profits taxes
1943
1942
1941
1940
80,022,000
70,068,000
5
71,844,000
69,879,000
59,994,000
61,781,000
62,687,000
63,374,000
49,369,000
52,392,000
52,870,000
52,363,000
June
and excess profits taxes
of domestic net income.
provision for Federal income
"The
1943 is estimated at 60%
31,
at March
Cash
28,971
securities
Foreign
notes
tax
7,134,786
(net).
45,554
5,957,867
(net)
assets
trademarks, formulae, patent
Goodwill,
Post
War
rights, etc.
etc...
Miscellaneous
528.063
and
accrued expenses
inc. etc., taxes due with 1 year.
etc., tax due in 1944
and Foreign
payable
and
fund
mortgage payments
Reserve
foreign
for
Dec.
Cost
of
shares
794,838
interest in subsidiary
treasury
485
12,202,251
845,993
Drl07,396
distribution
$35,500 first
first
$75,750
and
103
announced an expansion in
the field of biological products through the affiliation of E. E. Bartos,
Inc., of Locust Valley, New York, with Reichel Laboratories, Inc., a
subsidiary of American Home Products Corp.
The Bartos company manufactures
and distributes in a compact
kit for doctors,
the Bartos System, which permits making tests for
protein allergies at one time, and with hypodermic one syringe.
Manu¬
facture of these products will be transferred to the Reichel Labora¬
at
Chairman, on June 22,
Kimberton,
Bartos
Pa.
products will be marketed
Allergins—Bartos System.
quantities of typhus
operating 100% on war work.
is
large
The
can
Bartos
Home
under the name of Reichel
April
cents
25
of
holders
to
19
on
record July 9.
last,
19,
Bonds-
called for redemption as of Aug.
1, 1943, a total of
and refunding mortgage 5% bonds, series due 1950, and
and refunding mortgage 4»/2% bonds, series due 1950,
interest.
Payment will be made at The New York Trust
157, p. 2342.
vaccines on Government orders,
and
Light Co.—Earnings—
Arkansas Power &
1943—Month—1942
revenues
Federal
Other
440,633
serve
Net
911,259
92,000
1,400,000
1,290,000
$288,223
$267,373
$2,980,288
$3,975,309
1,337
1,036
141,349
$289,560
$268,409
$3,121,637
(net)—,
income
157,
applic.
pref.
to
profit
161,610
1,835,039
1,971,423
$106,799
$1,276,538
$2,014,951
for
slks.
*
—i.—
949,265
$1,065,686
Corp.—Earnings—
after
per
,
*$635,000
all charges and taxes—
common
of
reserve
1942 -
1943
ftfay 31—
share
$4.09
—
$1,905,210
taxes
for
$200,000
for
year-end adjustments,
contracts.—V. 157, p. 2209.
acquisition is the third expansion step taken by Ameri¬
this year as part of a lohg-range diversification
947.670
$328,868
the period..
MM *44 —
M
2142.
Aro Equipment
"After
$3,986,374
142,754
M
p.
11,065
•
$146,606
deduct—
etc.,
income
Balance
Net
858,881
101,000
revenues-
income
Dividends
-V.
1,256,484
71,946
retirement re¬
appropriation.-
oper.
Net
1,558,132
176,389
—
_
—
194,447
74,907
taxes
taxes
Property
1943—12 Mos,—1942
$1,090,405 $11,985,859 $13,754,052
5,484,206
6,019,352
482,697
$1,099,210
expenses
Operating
not
.
$20«.80fi
$1.33
special reserve
including renegotiation
and
a
of
of
Electric Co.—Weekly Output—
Corp. report for the week
Associated Gas & Electric
was 132,047,138 units (kwh.).
This is an increase of 15,613,423
or
13.4% above production of 116,433,715 units a year ago.—
Associated Gas &
Products
On
of
dividend
a
July
made
Period End. May 31
Operating
Earnings
March 1, Ayerst, McKenna & Harrison Ltd., a leading
Canadian producer of biological and pharmaceutical products, and its
American
affiliate became part of American Home Products.
Last
month the corporation acquired the G. Washington Coffee Refining
Co., pioneer in the field of instant coffee,—V. 157, p. 2141.
'"program.
Cable Co.—25-Cent, Dividend—
&
declared
was
been
6 Months Ended
Laboratories is one of the nation's leading producers of
dried blood plasma for the nation's armed forces.
It also is turning
out
cumul. conv. preferred stock, par $10.—V. 157,
100 Broadway, New York, N. Y.—V.
trustee,
Interest,
Expansion—
tories
so
Arizona Power Corp.—To Redeem
at
903.064
Total
Brush.
'
dividend
cash
a
payment
only
payable
stock,
capital
$37,781,892
G.
•
per share on*
A
while during 1942
the
following dividends were paid: April 20 and July 20, 50 cents
each; and Oct. 19 and Dec. 21, 25' cents.—V. 157, p. 2209.
the
have
directors
Other
Alvin
declared
the
Anaconda Wire
Co.,
1,827,742
:
in
,
,
stock, par $2.50, payable June
is
28, 20 cents in 6%
The
2,244,621
361,225
13,045
losses—contingent
Capital Surplus
..
214.
p.
5,005,765
172,779
other contingencies
for
Capital stock
Minority stockholder's
Earned surplus
$1,281,985
4,603,995
7,346,000
mortgage payable
foreign income taxes
Long term debt
Accrued
>
Dividend—
285,500
liabilities
current
-
,
180,302
payable—banks
Sinking
This
12.
There have
payable
.
of 10 cents per share
30' to holders of record
far this year.
During 1942 the following disbursements were made: June 20, an
initial cash dividend of 20 cents;
Sept. 30, 20 cents in cash; and
$37,781,892
Total
Notes
*'
have
directors
the common
similar
266,209
profits tax refund.
other assets
excess
Inc.—Resumes Dividend—
dividend of 15 cents per share on the
declared a
$10,
par
157, p. 2007.
The
473,874
assets
current
Investments
stock,
Ampco Metal, Inc.—Resumes Common
17,134,537
inventories
Merchandise
1939
42,790,000
45,105,000
46,041,000
45,133,000
payable July 1 to holders of record June 15.
Distributions of like amounts were made on May 1 and Aug. 15, 1941,
while on Dec. 15, 1941, a payment of 30 cents was made; none since,
130,492
receivable
accounts
and
Notes
...
71,002,000
71,160,000
directors have
common
June
$5,901,236
banks
in
and
hand
on
Marketable
the last
2342.
p.
American Wringer Co.,
The
on
31, 1943
78,324,000
79,699,000
19
157,
$1,285,155
712,851
income
-
12—
June
—V.
—V.
Net
Dividends
for the corresponding
kwh.
output of electric energy for
29
May
$4,172,997
57,605
.'
income
71,160,500
of
output
table of weekly
follows;
years
30,408
income
Total
the
over
1942.
Comparative
June
$4,142,589
:
profit
Operating
Electric Co., Inc.—Output
American Water Works &
Output of electric energy of the electric properties of this company
week ended June 19* 1943, totaled 79,699,000 kwh., an increase
for the
Reichel
1942
Assets—
11,660,610
69.852
surplus
extend
Week End.-
The
Sheet
2,538,432
$2,176,227, exclusive of accrued interest and commissions.
The
company told the Commission this acquisition consisted almost entirely
of the purchase of two large blocks of debentures.—V. 157, p. 2341.
is applied for, 942,470 shares.
Statement 3 Months Ended March
etc.
allowances,
Returns,
Laboratories
Balance
4,046,052
has set July
series,
of
Income
Sales
Gross
in income of subsidiaries.
Consolidated
to
Under the plan
6%
(par
the listing of which
stock,
of
Consolidated
$11,915,581
775,977
Total
430.102
2,829,720
71,052
purchase
to
Gross
Exp. & chgs., incl. taxes
12,819,981
404,343
2,771,237
...
earned
SEC
The
pany
$1) upon official notice of issuance
connection with the acquisition of the outstanding capital stock
Gilliland
Laboratories, Inc.
(Pa.), making the total number of
stock
of
shares
"Reserves
$13,129,853 $12,537,265 $11,395,366
of
14,836,190
111,885
701,705
authorized the listing of 7,670
has
Exchange
Stock
York
New
Other
Cr355,510
190,049
221,665
242,807
—_
tNet equity
Anier. & For. Pow.
Net
Cr396,730
to
applicable
minority interests
:
$11,198,496
»
122,854
49,255
$13,372,660 $12,758,930 $11,585,415
__i
Balance
525,786,569
Corp.—Listing, Etc,—
American Home Products
The
additional
Federal income,
$13,421,915 $12,881,784 $11,188,685
3,352,022
125,754
685,085
it paid
Fed.
adjustment on
cap.
(net)—
12,754,628
65,353
:
v-
carried
amount
Accrued
working
14,771,150
65,040
Hearing July 6—
30,088,044
1645.
p.
Accrued
Balance
13,944
4,856,891
taxes
sol.
21,
725,000
519,860,651
157,
2,184,794
2,021,387
3,338,078
14,380
.
..
Bal.
can
Tota'
-V.
$13,383,290
2,133,862
4,842,511
shown
—i.
(as
debentures
Dividends
Portion
3,783
1,625,000
33,800,051
reserve
surplus
Accounts
Exchange
1,429,197
re¬
11,433
2,064,539
public—
to
divs.
100,093
2,238,930
12,330
liabilities
$15,555,777 $14,903,171 $13,253,224
Balance
*Pfd.
99,500,000
advance
contingency
Special
393,940,452
132,455
from
12,754,628
v,
*71,601
88,100,000
current
14,771,150
6,590,54?
393,940,452
credit—income
3,338,078
income
Balance
Liabilities—
deductions
other
.
(net)
income
Gross
Net
___
equity
Other
Commission
Prepaid advertising, insurance,
Operating income
777,433
6,515,791
payable
ceived
Fixed
plants
Rent for lease of
Net
Income
356,837
accounts
Deferred
4.842.511
& Light Co.—
.
debt
Other
Net
&
349,5^8
Assets—
As Reported
—Excluding Chinese Subs.—
10,645,188
231,588
1
:
assets
Miscellaneous
44,443
501,986,597 507,352,277
stock
Accrued
49,165
Expenses —
Int. & other deduct—
$
519,860,651 525,786,569
Accounts
10,293
of American
Light Co. in
eouity
Total
1941
$
Liabilities—
Funded
12,799,076
31
Dec.
Total
Capital
7,171,741
14,820,315
—
income of subsidiaries
5,792,715
Consolidated Balance Sheet Mar,
■
Net
$2,707,164
charges—unamort. debt disc. & exp._
Deferred
7,171,763
3,348,371
to
applicable
minority interests
5,675,399
receivable—subsidiaries
divs.
and
Interest
Other
1,792,935
17,919
—
Portion
$3,368,473
•.
——
15,805,194
1,792,946
Balance
$6,080,909
banks—on
Treasury
35,776,011
.'.hi
4.860,430
earned)
American Power
advances—subsid.,
demand
&
secur.
in
S.
15,771,955
public (full
applicable
respective periods
to
$9,275,856
1942
..
4,003,577
whether earned or un¬
1940
$8,770,983
504,873
$8,499,879
(Company
Assets—
37,764,033
4,057,567
div. require,
$9,043,872
surplus
earn,
32,641
9,149,883
public
above)
to
92,262
deductions...
other
&
5,387,599
carried
Balance
35,640,669
135,342
37,552,209
211,824
10,710,943
to
interest
Net
dis-
debt
11,370,932
9,117,242
775,977
and
interest
to
11,778,380
income
Power
applicable
9,960,263
2,883,697
10,618,681
revenues..
income, net-.
Gross
$11,468,508
Bal.
2,314,346
2,688,455
oper.
Other
1,774,043
In
Commission
Net
1,412,478
U.
approximately $7,000,000 of securities ox subsidiaries to the general
public there.
As prosperity increases, markets for local securities are
appearing in various communities.
Mr. Calder points out that the policy of American & Foreign Power
Co., Inc. has always been one of. cooperation with the nationals of the
countries in which its subsidiaries are doing business.
Approximately
'99% of the total of 30,000 employees are citizens of the countries in
which the
subsidiaries operate.
Only some 300, or about 1% are
citizens of the United States of America and of these, more than
one-half are employed in the New York office of the company and its
subsidiary service company.
Over three-fourths of the companies comprising the American &
.
charges, includ-
Expenses and other
10,071,609
2,238,135
& deplet.
appropriations
reserve
709,196,501 705,883,732
1942
1941
$12,376,398 $10,051,113
504,588
766,802
subsidiaries
From
4,675,711 "
retire,
Only), Years Ended Dec. .31
(Company
Income
of
Prep,
j
Pfd.' divs. to
—-4r—■
Income—
___
taxes
39,724,029
44,504,200
surplus
Total
has sold the equivalent of
■_
—
expenses
taxes
Other
1,653,264
1,701,083
452,280
521,516
1,304,336
1,106,054
4,499,627 :i 4,104,688
394,605
308,366
64,922,156 60,317,031
—_
liabilities—
current
Miscellaneous
*
Operating
30,901,990 123,598,393 115,693,948
12,160,282 48,103,903 45,539,759
4,326.423
16,203,638
13,070,979
32,834,060
12,313,078
revenues
Federal
1943—12 Mos.—1942
$
$
$
$
Operating
Subs.)—Earnings—
(&
1943—3 Mos.—1942
Subsidiaries—
132,185,129 141,532,789
1,379,246
.695,137
2,705
3,716
1,977,272 • 1,948,717
4,159,968
2,891,810
accounts,—.
accrued
Other
some
Foreign Power group are incorporated
in which the properties are located;
payable——
payable
Capital
financing in Latin America.
Within the past two years the company
—_
393,946,4'52 393,940,452,
57,821,261 57,030,344
Light Co.
&
Period End. Jan. 31—
—
—
Accounts
?V
.
debt
Notes and loans
Dividends declared
a
15,
Power .Cb.
Inc.
paid
Power
American
/'
-''i**'W':''
V'"•
Capital stock—American & Foreign
$1.80 per share on the $9
preferred stock and $2.10 on the preferred stock ($7.) as against $1.50
and $1.75 per share respectively in 1941.
The company also paid a
dividend of $.75 per share on the $6 preferred stock and $.87V» per
share on the preferred stock ($7) on March 15. 1943 and has declared
dividend of $.90 and $1.05 per share, respectively, payable June
the
1942,
Dividends—In
'■ |
';;
Liabilities—
2443
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4189
157
Volume
Associated Gas & Electric
net electric output of the
The trustees of
ended
group
units
V,
June
157,
pp.
18,
2342,
2210.
.
%
«
t..i
Pitkin.
e'
.
Operating expenses
Electricity and gas
_?
Maintenance
Federal
i
taxes
income
$5,282,342
130,50j
1,019,923
—
$6,208,261
companies)
$6,344,766
2,453,292
3,307,502
Operating income
income
Other
income
Gross
income (subsidiary
Associated Electric Co. _
Deductions from
net
Consolidated
Earnings of Company
~X"ono
^5?\r
3,0'77,257
3,346,736
long-term debt
007'foi
227.114
interest
Other
203,,829
19,917
discount and expense
Amortization of debt
assumed on interest
Taxes
157,
Ry,
oper,
oper.
expenses
Ry.
expenses
except inc & exc,
Taxes
$123,609
69,174
$3,085,540
79,019
$824,646
64,176
$192,783
74,208
$3,164,559
270,707
$2,751,032
335,118
$760,470
598,234
$118,575
189,850
$2,893,852
3,726,509
$2,415,914
445,167
$1,358,704
$308,425
$6,620,361
$2,861,031
320,271
228,797
40,417
1,334,084
972,456
income
income
Gross
_
deductions
Interest
—
profit
profit (net)
Net
oper.
Other
profits
Gross
for
Prov.
Net
—V.
profit
157,
,
260,873
„.r
$1,310,649
1804, 2008.
pp.
Emory Bentley, Secretary, June 13, state:
E. Bentley resigned as President and
director of this cor¬
Bowles of
17.
proposed by
Bowles, Mr. Bentley stated he was unable to continue to operate
business consistent with the policies established by the Board of
rectors during the term of the previous management when he
been
a
"All
Mr.
drastic changes in policy
anticipated
of
of
corporation,
outstanding stock of this
"Because
Director but not President.
the other directors, Donald
the
Di¬
had
Graham,
who were also in accord
Robbins, Edward H..
G.
Lloytf B. Edwards, and William P. Husband,
the'matter, tendered their resignations.
"Mr. Bowles, who was not present at the
on
meting, is a publisher in
control of the newspapers published.in Springfield, Mass.
Mr. Bentley
had no further statement to make at this time and no information
as to the course minority stockholders would take."—V. 157, p. 1804.
of
view
In
Ac¬
on
&
this
on
4%
issue
notes on
$33.75
to
per
Thomas
holders
to
1943
20,
was
$1
July
record
share in cash and $4 per share in
1937.
Arrearages as at May 1, 1943
President,
that
reports
five-year
amounted
the
result for
the
company's fiscal year ended April 30, 1943 after provision for taxes
■was
a
net profit of $544,991.
He said that the company had set
aside a reserve of $100,000 for general future contingencies, making a
addition of
net
$441,991
to
earned surplus account.—V. 157, p.
avail,
Inc,
that it has changed the call
to a voluntary basis, giving
the class A stockholders who have submitted their stock for the call
price of $60 plus $20.80 accumulated dividends to July 1 the right
to withdraw their stock before that date, when the right to demand
The
company
its
class
17 announced
June
on
stock
A
from
a
dividends
until
(& Subs.)—Earnings—
1941
*1942
*1943
12 Mos. End. Mar. 31—
1940
$187,460,986 $93,423,475 $55,966,786 $37,030,781
Sales
(84,359,561
( 1,395,985
45,487,535
$23,692,648
11,021,386
$7,657,929
$8,628,617
365,810
$24,714,034
$9,387,987
$8,994,427
1,213,072
659,966
and State taxes $17,023,510
$4,498,200
—
-
—
misc.
and
int.
Reserve
lo'ssSl.370
deducts.
in subsid.
for
1,098,099
1,121,050
$4,304,997
747,699
profit
$5,352,452
$5.04
—
"Includes
only
earnings
the
of
$4,229,821
$3.95
Baldwin
$2,104,381
$1.89
Locomotive
$1,414,289
$1.25
Works
and
wholly owned subsidiaries and not those of Midvale Co. whose earnings
had been included in previous consolidated reports.
While not includ¬
ing the earnings of Midvale Co., which is not a wholly owned
this
report does reflect,
and future reports will reflect,
subsidiary,
dividends
declared during the period upon Baldwin's holdings of Midvale stock.
f Includes $737,400 in 1943 and $1,459,220 in 1942 dividend 011 Mid¬
vale Co.
>ei
Stock.
tlncludes
$1,920,000 in
$15,130,710
(after
-
$1,681,190
post-war
refund)
in
1942 and $1,812,000 in 1941 excess profits tax.—V.
1943
157,
2344.
$600,248
June,—V. 157, p. 1875.
Barium
Stainless Steel Corp.—Expansion—
South Dakota,
beryllium ores, and is
strategic war metals.
County,
letter states
of
these
for the production of tin, tungsten, mica and
proceeding to engage in the mining of these
that a
ores
has
the
has authorized the listing of 91,317
preferred stpek, (no par), upon official
satisfactory distribution.
The $4.25 cumulative preferred stock (no par) is entitled to dividends
at rate of $4.25 per share per annum cumulative from July 1, 1943,
New-York Stock Exchange
cumulative
$4.25
of
of
notice
organized,
with
Sam
Tour
of Lucius
Mar. 27, *43
3 Months Ended—
Net
sales,
$8,668,806 $13,402,865
10,036,276
5,884,760
$722,721
$3,366,589
$2,219,323
538,036
profit
shipping
1,279,377
1,234,430
$184,685
203,560
$2,087,212
206;044
$984,893
199,901
Drl2,359
1,123
Cr5,715
*1,150,000
300,000
adminis.
and gen.
expenses
Operating profit
Depreciation
Interest and other
and
income
non-oper.
Crl4,787
61,249
expenses
Reserved
for
waste sales__
duty on
Federal
for
for
Reserve
$8,104,083
7,946,085
Cost of sales
Selling,
Apr. 4, '42 Mar. 29,'41
other
and
cash
after
income
taxes
______
250,000
t$65,337
contingencies
income
Net
dividends
Preferred
$467,676
Preferred
over
and thereafter
in each case.
thereafter and on or prior to July 1, 1952;
per share;
plus accrued, unpaid dividends
stock
common
liquidation
voluntary
in
extent of
to
redemption price and in involuntary liquidation to
extent of $100 per share, both plus accrued, unpaid dividends.
Within
120 days after the close of the current fiscal year and each fiscal
year thereafter the company is required to apply to purchase or re¬
demption of $4.25 cumulative preferred stock an amount equal to
30%
of the excess of consolidated net income of the company over
$750,000, but not in excess of $200,000.
The $4.25 cumulative pre¬
ferred stock is, .redeemable for this purpose at $102.50 plus accrued,
unpaid dividends.
The Guaranty Trust Co. of New York has been appointed transfer
applicable
then
for the $4.25 cumulative
agent
of
110.
shares
33,604
313,603
313,609
313,609
Nil
of
39,604
156,804
313,609
paid
$1.36
$1.43
common
outstanding
share__^.
per
/Includes excess profits taxes of $700,000.
Balance
March
Sheet,
27,
fLoss.
1943
Assets—Cash, $4,232,716; U. S. Savings bonds, $50,000;
(less
receivable
notes
$490,707
39,604
,156,804
paid
dividends
$2,713,678;
reserve),
inventories,
accounts and
$11,822,287;
buildings and equipment (less reserves for deprciation, amortization and revaluation of $20,390,623), $8,773,568; post¬
war excess profits
tax credit, $20,000; other non-current investments
and receivables,
$3,825;
insurance unexpired and expenses deferred,
land,
rights,
water
$27,901,835.
total,
$285,760;
Liabilities—Accounts
$1,511,786; Victory
payable,
tax payroll deduc¬
reserved for Federal and State taxes (less U. S. tax
of $1,530,000), $580,137; 6% cumulative preferred
stock ($100 par), $2,640,300; common stock (313,609 shares of no par
value), $15,680,450; capital surplus, $504,726; earned surplus, $5,347,005; reserve for inventories, $1,000,000; reserve for post-war expenses
and rehabilitation of properties, $270,000; reserve for duty on wastetions,
$102,697;
anticipation
sales,
notes
$264,734;
$27,901,835.
total,
and
issuance
per share
at $102.50
Beattie Gold Mines
preferred stock.—V. 157, p. 2143.
Post-War Planning—
"The
its
has
company
stated John A. Sweetser,
The
post-war
President,
on
planning
June 23,
program
well
along,"
is preparing to resume rug and carpet manufacturing
company
immediately upon completion of Government war orders.
Mr. Sweetser
that within five to six months after the end of the war this
stated
will be back
company
in
that
first
the
75%
over
full carpet production, and it is his opinion
after the war the company will produce
on
full
year
1941 production of carpets and rugs.—V.
of its
157, p. 2037.
Borg-Warner Corp.—Renegotiates War Contracts—
In
notice
a
dividend
its
stockholders
to
20
cents
a
checks for the currenC
reported signing an agree¬
Board covering renegotiation of
accompanying
the company
share,
the Navy Price Adjustment
contracts.
war
The
agreement calls for the refunding of^4,500,000
during 1943, in settlement of renegotiation for
ment
Dec.
of
with
ment
31,
to the Govern¬
all periods to
1942.
Approximately 72%
of the additional $2,000,000 over the figure
in company's annual report has been charged to the reserve
Federal income and excess profits taxes provided in 1942.
The
(Quebec), Ltd.—Earnings—
estimated
for
Tons
Ended
1943
produced
metals
from
income
1941
165,830
$642,259
159,170
$636,148
393,505
374,917
370,461
$157,369
Z)r62
$267,342
3,260
$270,602.
63,500
$266,387
$123,807
Operating profit
Non-operating revenue
$207,102
$205,387
3,103
553
balance
with
giving
effect
-
for
Provision
taxes__
write-offs
before
3,868
expenditures
Capital
above
the
Note—In
ciation.—V.
157,
figures no
allowance has
61,000
been made for depre¬
$2,157,224 in 1943 and $1,749,478 in 1942.
The
after deduction of $160,500 post-war refund.—V. 157,
submarines.'
preparation for immediate conversion to peacetime production
appliances as soon as war production conditions permit
In
Paul H. Puffer, formerly General Sales Manager
March 31
1943 amount
p. 1804,
of
this
16
June
on
of fighter planes on
household
of Norge Division
d.rect post-war planning
E. Blood, President.
Although the company's plants are'engaged in large scale production
of gun mounts, turrets and other parts and materials for dive bombers,
fighting ships and other weapons produced for the Allied nations,
the company's main plant in Muskegon, Mich., can be quickly recon¬
verted to peacetime production, Mr. Blood added.
"Production will be just a question of getting materials," he said.
Mr. Blood is Chairman of the Post-War Distribution Planning Com¬
mittee of the National Association of Manufacturers.—V. 157, p. 2211.
corporation,
for Norge
Edison
Boston
The
Hydro-Electric
Falls
Bellows
profit
156,
1942
1943
$71,742
$98,541
,
total
"After
for
$110,496
of
taxes
1943
and $123,680
for 1942.—
Plant Now in
the
announced
was
Carburetor
Operation—
O. Thomas,
19 by D,
June
on
carburetor plant, known
in the Chicago area, it
Vice-President in charge
manufacturing.
new war plant is already under way on
production
of
This
current
monthly
vealed.
It
'.X
all
U.
and
,
of
the
newest
of
is
aircraft
duction
S.
four
tooling
in volume pro¬
the type now in use on virtually
of our Allies, he said.
the new plant is now more than
Bendix units now engaged
carburetors,
of
combat planes and those
huge
for
program
complete, Mr. Thomas stated.
W. Keeley, former Manager of
Bendix
a
formed,
is
Exclusive
injection
"The
of aircraft
the newest and most advanced design with
running into four figures, Mr. Thomas re¬
carburetors of
output
injection
executive
General
product
here
Manager
at
this
of
and
the
plant
Bendix Eclipse
abroad
new
is «the
since
of Canada,
the
company
Ltd.,
was
Illinois Division.
injection
Bendix-Stromberg aircraft
accurate
of
metering
changes
in
solves
the
flight," Mr. Keeley explained.—V.: 157, p. 2008.
.
~
Solicit
from stockholders of the corpora¬
act for them in reorganization
of the Bankruptcy Act now pending
before the U. S. District Court of Massachusetts, to protest the settle¬
ment proposed by the New York, New Haven & Hartford RR.,
has
been
made to the Interstate Commerce Commission by Samuel M.
Freeman,
of Philadelphia;
William G. Creamer, of Brooklyn, and
William P,. Sheffield,
of Newport, R. I., constituting a stockholders'
committee'. The application was filed by Parker McCollester, member
of the law firm of Lord, Day & Lord, New York, counsel for the com¬
mittee.
Other counsel
for the committee are Ralph Montgomery
Arkush, New York, and Nutter, McClennen & Fish, Boston.
Secretary
Application for authority to solicit
authorization to represent and
of
the
Section
under
committee
77
is H. Duncan Wood.
Providence is a part of the New
York, New Haven &
under Section 77
1$88 to the Old Colony
sublet to the New Haven in 1893, but the lease was
the New Haven in 1938.
Under its reorganization the
proposes to issue to the security holders of the Boston &
The Boston
&
Hartford system now in
the process of reorganization
of the Bankruptcy Act.
The line was leased in
RR.,
which
by
rejected
Haven
Providence
new
problem of providing, auto¬
of the air and fuel at all engine speeds,
altitude, temperature, loads or position in
carburetor
RR. Corp.—Authority To
in Reorganization Proceedings Asked—
Protest Settlement Proposed By New Haven—
tion
New
carburetor.
regardless
Boston & Providence
proceedings
company's newest and largest aircraft
Illinois Division, is now in operation
The
as
Corp.—Largest Aircraft
Aviation
•
over
Stockholders
Will
1738.
p.
■
10.4%
of kilowatt hours available for its
1943, as 32,092,000 as compared
June 20, 1942, an increase of
preceding week output was 32,062,000 kwh., an increase
the corresponding week last year.—V. 157, p. 2344.
the
For
Corp.—Earnings—
31—
3 Months Ended March
number
the week ended June 19,
for the week ended
12.0%.
of
Co.—Output Up 12.0%—
28,647,000
with
157, p. 2210.
Keystone Telephone Co. below.—V.
"Net
V.
of Pennsylvania—Acquisition—
it is announced by Howard
reports
company
appo.nted to
been
has
appliances,
territory for
Bell Telephone Co.
«
Norge
it,
established three division/ to cover
the Niagara frontier, manufacture of
ordnance equipment and building of bombers at Marietta, Ga,
Ray P. "Whitman, First
Vice-President, becomes Manager of the
frontier division and Vice-President and Assistant General Manager
Omer L. Woodson becomes Vice-President and Manager of the Georgia
division, embracing the Marietta bomber plant.
Carl F. Lozon con¬
tinues as Manager of the company's ordnance
division,-^, 157, p. 2143.
corporation
the
of
Divisions—
Bell Aircraft Corp.—New
of
President
Blood,
Post-War Planning—
totaled
The
,
Division of Borg-Warner
of the company's Detroit plants
already has started manufacture of important parts for the helicopter.
The
Norge subsidiary began production on the parts soon after
Read Admiral Howard L. Vickery of the Maritime Commission said
that special decks will be built on all Liberty Ships which "will permit
helicopters to be used at sea, thus giving the ships added protection
E.
$612,000
$3.50
profit after charges and taxes
;
v
$782,923
Earnings, per common share
„
.
$4.54
Note—Income and excess profits taxes for the year ended
construction
.
Making Parts for Helicopters—
1942
1943
Years Ended March 31—
Net
was
resulting change in reported earnings for 1942.
After
renegotiation, the company's net working capital is
Corp., on June 22 announced that one
from
1738.
p.
to
$8,637,769, the announcement said.
Howard
Total
no
adjust¬
charged to the reserve for war and post-war
has been
ments,
$265,687
701
$157,307
33,500
& other current exps.
cper.
1942
159,490
$550,874
31—1
Mar.
milled
ore
Net
matic
Minerals Division for the mining and treat¬
been
Co., Inc.—Earnings—
Bigelow-Sanford Carpet
Earnings
stock are being offered
Listing of Preferred—
The
shares
R.
corporation, in a letter to the stockholders, announces that in
accordance with its policy of diversifying its activities referred to in
the last annual report, it has acquired 24 mining claims in Pennington
1942..
excess
1523.
p.
stock
Co.—Exchange Offer—
cumulative preferred
the $5
of
changed $5 cumulative preferred stock will be called for redemption
on Oct. 1,
1943, at $102.50 per share, plus accrued dividends.
The
This
2,
contingency reserve account and before giving
profits tax refund arising from the
merger of Hecker Products Corp. and The Best Foods, Inc., the man¬
agement estimated the consolidated net profits for the fiscal year to
end June 30, 1943 at approximately $2,400,000.
This is equal to about
$1.60 a share.
In arriving at this estimate, consideration was given
to excess profits tax credits carried over from prior years.—V. 157,
to the
post-war
a
Common
right to exchange their stock for new $4.25 <5 cumulative preferred
stock, share for share.
The exchange offer expires June 26, at 12
o'clock, noon, and holders desiring to accept the ofxer must present
their certificates accompanied by a "letter of transmittal and
in¬
structions" duly signed, to Guaranty Trust Co., New York, N. Y.,
before that time.
The exchange offer is made subject to the pur¬
chase by
underwriters of all shares of $4.25 cumulative preferred
stock not required for delivery to exchange stockholders.
If for any
reason, the exchanges are not consummated on or prior to July
10,
1943, all certificates of $5 cumulative preferred stock will be returned
to owners without expense. If the exchanges are effected the unex¬
half
The
$779,931
1,125.000
Earnings per com. share
ment
$94,260
Beatrice Creamery
Holders
1,432,365
1,464,000
cos.
conting.—_
30
including Feb.
and
to
Provision
shares, both payable
Bendix
p.
4,022
Shares—Liquidating Dividends—
trustees have declared liquidating dividends of $5.33 per share
series "C-l" shares and of $6.12 per share on the series "C-2"
the
$4,692,452
Profit
Net
3,969
on
157, p. 2008.
See
Min.
790
297,421
14
dividend of 50 cents per share
a
payable
stock,
with
Bank Stock Trust
239,490
income
Federal
258,681
22
debt
income
Net
—V.
$4,452,962
tl,730,058
J
Operating profit
Int.
$1,042,603
58,942
1
debt-
discount
of
funded
1,849,086
) 163,768,338
expenses
Depreciation
Other
$153,993
51,451
7
806
unfunded
Amort,
$901,705
$50,894
debt
30,728,733
1,850,634
and
Cost
fixed
for
on
■
Baldwin Locomotive Works
9,139
Int.
demand
board declares them, the statement said.—V. 157,
the
$893,560
8,145
$1,033,464
1,420
funded
mandatory
'
1804.
$152,573
2,314
on
redemption expires.
Stockholders who do not submit their stock for call cannot
p.
to
Beaunit Mills, Inc.—Earnings—
to
Voluntary Basis—
on
$48,580
charges
518.
Changed
Call
Co.—Stock
Tobacco
Axton-Fisher
income-
Int.
Profit
McCarthy,
1936
Gross
payment
last
The
9.
per
April 10,
share.
P.
of
30,507
(net)—
income
Devel.,
quarterly dividends on the prior A stock, a single dividend
should be paid at this time and, accordingly, a dividend of $2 per
share on account of arrears on the prior A stock was declared, payable
suming
July
$863,053
57,313
that instead of re¬
directors concluded
conditions,
war
$976,151
18,283
oper.
ry,
Quarter
Co., Inc.—Pays Dividend
count of Arrearages—Results for Year—
Nichols
Austin,
$134,290
41,770
30
poration and the board of directors elected Sherman H.
Springfield, Mass., to'fill his place at a meeting held on June
Mr. Bowles has recently acquired, directly or indirectly, a majority
the
$6,810
(net)
payable quarterly Jan, 1 etc.
Redeemable all or part at any time on
days' notice at $105.50 per share on or prior to July 1, 1946; at
$104.50 per share thereafter and on or prior to July 1, 1949; at $103.50
Corp.—New President, Etc.—
"Samuel
income
oper.
Other
n-,r-
1,245,016
305,416
$4,313,821
$39,211
$777,560
,,
Atlas Tack
S.
247-4™
^
and
income
profits taxesfor contingencies
excess
Prov,
$2,503,555
$801,273
23,373
Operating income
Other
736,284
296,309
140,066
55,020
taxes
profits
$1,484,059
621,006
declared
22
July 22 to holders of record July 1.
cents per share paid on Jan. 15, last, and
regular quarterly payments of 15 cents per share made from Aug. 1,
Average
1943—12 Mos.—1942
$13,305,671 $28,904,081
5,648,164
9,923,822 25,664,242
2,003,152
Operating
$1,794,708
818,557
June
on
common
compares
discounts
1943—3 Mos.—1942
$2,859,445 $5,911,839
March 31—
revenues
106,120
Subsidiaries)
Statement (Including
Consolidated Income
Period End.
Operating
Steamship Lines—Earns.
$3,429,517
1,945,458
$240,410
accruals—
tax
Income
Rent
1943—5 Mos.—1942 *
$4,019,859
2,225,151
$65,125
58,315
Net rev. from ry. oper.
Railway
The
West Indies
RR.—Earnings—
1943—Month—1942
$448,153
$620,464
383,028
380,054
revenues--
Ry.
on
Atlantic Gulf &
directors
the
This
After additions
Bangor & Aroostook
2142, 2344.
p.
is being
armed forces.—
and will be oflered to the
Period End. May 31—
$567,012
$252,975
(loss)
income
Net
—V.
143,261
9,893
__
on
ia-ioai
unusual
on
effect
^21,144
207,613
income
Interest
$634,284
^ <3««84
expenses
Gross
for portable uses,
The
an ice-
156, p. 2188.
Net
Federal income taxes
taxes
adapted
V.
Only
_____
Other
$£,302,265
2,0J_,J8i
3,628,000
$583,972
income
EndedMarch31General
features.
making
—
taxes
(including State income)
Other
1W2
—
of fixed
(deprec.)
retirement
for
Prov.
.
purchased for resale
(The) Best Foods, Inc.—50-Cerit Distribution—-»
director of Barium, as
this division.
also states that it has under development
machine, incorporating certain new principles and
A demonstration model has been constructed and
corporation
The
$20,212,497 $20,753,718
6,660,846
6,932,285
—;
2,253,285
2,178,419
1.313.950
1,502,089
capital
1,813,680
1,853,603
728,408
1,307,131
1,234,067
1,697,843
_______
and a
metallurgical engineers;
Inc.,
Manager of
1943
Ended M&xch 31—
12 Mos.
Operating, revenues
;1
Subs.)—Earnings—
Associated Electric Co. (&
Monday, June 28, 1943
CHRONICLE
COMMERCIAL & FINANCIAL
THE
2444
amounts
income bonds
of
new
first
mortgage bonds of the New
and new preferred stock which
Haven,
the committee feels
and equitable treatment of the interest of
the Boston & Providence stockholders.
The
committee expects that
if authorized to solicit authorization
does
to
not
constitute
represent
the
fair
Boston
& Providence stockholders
it w.ll formulate
& Providence,
Referring
that
states
committee
(S. F.) Bowser & Co.,
Inc.—Acquires Patent Eights—
manufacturers of gasoline pumps,
systems, etc., has acquired the
company,
meters, lubrica¬
exclusive manu¬
patents, inventions and processes
of New York.
The Mobile
Refrigeration Division has been formed to produce
refrigeration and control units which make it possible to simulate
temperatures and moisture conditions encountered at temperatures
from 100 degrees below zero Fahrenheit to 180 degrees above, and to
bring about variations in altitude conditions equivalent to 80,000
above
feet
of
series
income & excess profitfe
j
654,160
689,828
Charges in lieu of income & excess profits taxes
802,249
88,000
307,047
222,758
$2,463,911
$2,432,106
Federal income
taxes
Federal
profits tax
Net
crued
excess
income
income
Gross
Consolidated net income
taxes, $629,772; accrued interest, $180,364; other ac¬
$2,636; dividends declared, $278,983; indebtedness to
companies, $880; deferred liabilities, $166,062; reserves, $4,-
accrued
'•
Income
•
General
»
income
.
,f
1
'v/r
,
1942, $150,000 consisted of
Operating
Operation
consisted Of 5%
Ltd. ( & Subs.)—Re¬
'
operations
—
1942
1941
$21,652,475 $18,70.1,685
41
accidents
for
Provision
for
Provision
taxes
Loss
investments
of
sale
on
44,974
£rl0,000
investments
Interest
bond debt
on
5%
cumul. perpetual preference
6%
cumulative
Dividends
class A shares.—
on
Interest
profit
1,520,555
75,011
321,840
300,000
2,000,000
Dividends
p.
The
$2,362,568;
taxes,
company's Cascade mill, one
The
principal amount of debentures on the basis of one common
$20 principal amount of debentures.
There are now
interest,
company.
accumulations on
of
1943, amounted to $35.50 per
of June 2,
as
Operating
revenues
Operating
expenses
Net
-V.
woods operations as much as
Nov. 1—Feb.
revenue
7,770,000
8,753,000
—
35,567,000
30,073,000
157, p. 2345.
100
directors
Vice-President—V.
a
Corp.—Earnings—
(Chicago)—To Readjust
3
Feb.
stock
Effective
more
July 15
efficient
1942
—V.
157,
Total
will further adjust its
distribution,
Thomas
Y. City—Bonds
organization
Freeman,
outstanding 1st mtge. bonds due June 25, 1947, have been
called for redemption as of July 7, 1943, at par and int.
Payment will
be made at the Continental Bank & Trust Co., trustee, 30 Broad St.,
New York, N. Y.—V. 144, p. 1101.
California Oregon Power
$5,488,000
revenues
__
4
Maintenance
and
1,215,096
—
255,880
repairs,
Appropriation for retirement reserves
Provision for depreciation
_—
Amortization of limited-term investment
Taxes (other than income'taxes)
,
Provision for Federal income tax—
Provision for Federal excess profits tax
Net
Rent
530,000
7,051
630,001
276,000
*207,000
;
income
Interest on long-term
Amortization of debt
Other interest —
debt
discount and expense
charged to construction
Amort, of preliminary costs of projects
Miscellaneous income deductions
Interest
Net
income
,
.
aband.
.
cumulative 'preferred stock dividends
*
6% cumulative preferred stock dividends
6% cumul. preferred stock, series of 1927, divs.
Common stock dividends
Earnings per common share
—__i_—_
7%
♦After
deducting post-war
$5,557,667
1,297,974
252,628
510,000
—.—-
7,270
717,298
392,000
133,000
credit of $23,000.
$2,247,497
239,386
$2,306,062
Dr32,154
Net
133,877
456,288
263,885
165,338
289,508
111,203
216,485
281,289
175,578
90,354
145,972
$5,003,861
$4,061,845
998,639
1,111,567
sickness,
benefits
Other general
577,863
928,758
$2,893,655
$2,555,223
104,341
120,809
1,160,407
122,940
145,342
1,023,654
.__
expenses,
Cr
operating revenues (before taxes)
Federal
a
Other
income
taxes
taxes
Net
operating
Other
1
income
income
from
deductions
income
deductions
the
months
ended
479,220
31,
May
1943,
7,749,196
5
a
a share, comparing with a net profit of
for 5 months ended May 31, 1942.Net
period amounted to $64,125,720 in 1943 and
share
months
5,970,470
net profit was $2,730,380,
equal to $1.45
$1.05
$1,983,633, or
sales for the
$45,752,908 in
Illinois were
first week of
Illinois River
most of the
much equipment and material to the levees to protect
states
report
operations
that
at
Peoria,
adversely affected during the last week of May and the
by the worst flood conditions in the history of the
which required shutting down of t..e plant and sending
employees
No
them.
and
to the
damage
plant
sustained.—V. 157, p. 2144.
was
Corp.—Splits Preferred Stock On A
Common Stock to Be Offered
Celotex
$2,273,908
763,076
119,129
3,197
Crl,852
40,520
59,968
$2,010,137
842,500
203.223
5,026
Cr3,049
40,520
, 21,982
$899,935
287,115
83,379
479,475
234,000
$2.56
252,262
75,000
427,740
_
$1,31
in favor of
to split each share of $100
into five shares of $20 par
cumulative preferred stock. The vote was 96% in favor of
stockholders
The
18
June
on
voted
overwhelmingly
amending the certificate of incorporation
par value 5% cumulative preferred stock
5%
value
amendment.
the
Stockholders
sale
of
by like
134,067
shares
and
$10.50
Ended April 30 (Inch Subs.)
profits
Prov.
for
for
prov.
taxes
excess
$1,430,360
*1,247,697
912,347
excess
—
——
income and
1942
$1,729,354
income and
profits taxes
profit
Earnings per
♦Computed
$481,657
$518,013
common share————
$0.63
$0.69
under the 1942 Revenue Act.—V. 157, p. 2038.
_
1
J.—Interest Claim Postponed—
Fake of Newark, N. J., on June 21 postponed
indefinitely action on a petition by a group of bondholders of the
company for a year's interest on 4% and 5% bonds.
The Court said
Federal Judge Guy L.
the
postponement
before New Jersey
was taken because of ra'lroad
State courts.—V. 157, p. 2212.
tax litigation now
"
'
.
.
'
'
$1,509,168
1912
plant, $79,924,432. Other investments,
special deposits, $193,931; working funds,
$53,440;
held by
.
$50,000,000; advances from American Tel.
$9,150,000; notes sold to trustees of pension fund, $1,advance billing and customers' deposits, $328,684; accounts
Tel.
Co.,
881,601;
payable and other current liabilities, $2,379,232; accrued liabilities not
due, $1,280,695; deferred credits, $58,107; depreciation reserve, $13,contributions of telephone plant, $15,000;
566,580;
plus, $4,370,049;
Chicago,
unappropriated sur¬
total, $83,029,949.—V. 156, p. 1324.
St.
Milwaukee,
Paul
&
Pacific
Ry.—Re¬
organization Case Remanded to ICC—
Michael L. Igoe at Chicago on June 21 signed an
order remanding ,the
proceedings of the road's reorganization case
to the Interstate Commerce Commission, together with an opinion on
the matter of "Pieces of Lines East."
The U.
S. Supreme
Court had previously remanded the St. Paul
case to the lower court for further determination of fact in connection
Federal
Judge
how these lines
reorganization
pieces of short lines and clarification of
treated in allocation of securities under
17
a
be
plan.
„
in his opinion, stated that there were 17 pieces of line
and that only one, a line from Nekoosa Junction
appears subject to the lien of the road's general
mortgage as the mortgage of first lien.
The remaining 16 pieces
were found subject to the lien of the first and refunding mortgage.
Clarification of this point by the lower court should enable the
ICC to work out an amended plan of reorganization to the satisfaction
of various security holders' groups.
Judge Igoe's order transmitting
the case to the ICC for further consideration also contained the sug¬
Judge Igoe,
in
the
to
Nekoosa,
controversy,
gestion
that
St.
Court
Paul
Wis.,
any
case
reorganization manager or managers
should be subject to ratification by
•
J'
_
Former
appointed in
the
Federal
v
Official Resumes Duties—
Chicago, who was "drafted" last December by
Transportation for service in Washington, D. C.,
June 22 and resumed his duties as General
Manager of the Milwaukee road's eastern lines and, in addition, is
appointed Assistant Chief Operating Officer for the system, according
to announcement by J. T. Gillick, Chief Operating Officer.—V.
157,
p,2212.
..v.
v<\ r J U.lJJ
O.
Central RR. Co. of N.
■"
Liabilities—Capital stock,
&
the
Net
T
$1,716,781
surplus
$36,932; accounts receivable, $5,357,192; material and sup¬
plies, $734,210; prepayments, $218,583; other deferred charges, $207,396; total, $83,029,949.
' ' V
'
".
V
should
1943
before
3,557,227
1,523,698
53,947
employees,
with
Earnings for Six Months
to
Balance Sheet, Dec. HI,
of common stock of the corporation at
persons.
Earnings
transferred
$303,831;
percentage of votes approved the issuance
share, of which not exceeding 70,226 shares may be offered rat¬
ably to the common stockholders on the basis of one new share for
each ten shares held and 63,841 shares may be offered to employees,
officers and directors of the corporation and to a limited group of
per
other
2,11^,999
Assets—Telephone
cash,
1942.
June
income
10,511,264 160,541,662 105,104,781
573,063
5
Net
$
12,777,325
profit
For
'
1943—12 Mos.—1942
1943-i-Month—1942
sales
Net
$2,008,111
2,026
$1,289,869
operating income
Other income (net)
Net
Gross
Corp.—10-Cent Distribution—
declared
$
(The)
,
150,571
674,147
351,624
departments
pensions——
accident,
death, and
treasury
employees' service
Services received under license contract
$4,654,000
5-for-l Basis—Additional
1941
$2,545,277
239,214
operating revenues
.
for lease of electric plant
3,388,028
legal departments
and
Expenses charged to construction
period End. May 31—
Co.—Earnings1942
$5,666,307
4,923,941
3,061.146
4,746,482
1,928,472
95,443
,____
Caterpillar Tractor Co.—Earnings-
All of the
Operation
and
for
Employees'
1942
dividend of 10 cents per share on
the common stock, payable Aug. 5 to holders of record July 21.
A
similar payment was made on Jan. 26, last, and on Aug. 6, 1942,
which compares with 15 cents paid on Jan. 26, 1942.—V. 157, p. 1144.
B.
Called—
calendar. Years—
$21,496,243 $15,830 867
expenses
Accounting
other
have
directors
Dr53,000
Dr76,000
revenues
revenues
expenses
Provision
2345.
p.
Note—The
Operating
operating
Current maintenance
Traffic
Interest
announced on June 18.
He explained that the company
plans to divorce its services to, and development of, the Ben Franklin
and Federated Stores, from all other functions, and to set up separate
organizations each leading to an executive head.
The
Ben
Franklin and Federated Store units are independently
owned and operated units. There are about 4,000 of these voluntary
chain units scattered throughout the country.
The Butler wholesale
division supplies them with merchandise and sales helps, but has no
direct financial interest in individual stores.—V. 157, p. 2211.
Butler Hall, N.
$16,384,274 $13,354,568
4,347,251
1,763,792
840,718
765,507
revenues
Miscellaneous
merchandise
1144.
revenues
operating
Net
Merchandising
the company
p.
revenues
Executive
1943
Callite Tungsten
The
President,
i
service
service
Uncollectible
A similar payment was made
record June 30.
to holders of
1, last.earnings
Traffic
Setup July 15—
for
157,
Chesapeake & Potomac Telephone Co. (D.C.)—Earns.
'
\.
' / 4
1942
1941
*
Bros.
New York office in
Calendar Years—
declared a dividend of 2% on the 4%
in respect of the year 1943, payable on
14
June
on
preference
non-cumul.
profit after all charges
Butler
Vice-President—
the above organization in 1925 and
1940, has been elected
joined
of the
General and miscellaneous expenses;
Ry.—Preference Dividend—
Canadian Pacific
The
and taxes
*$63,494
$17,340
After depreciation and provision of $38,385 for Federal income taxes.
Note—The company operates on a fiscal year consisting of 13 pe¬
riods or four weeks each.—V. 157, p. 216.
.
who
Osborne,
Manager
Commercial
Week Ended June 14—
1943
P.
made
Operating rents
Aug.
20—r
Dividend—
declared the
have
$
29,687,000 171,224,000 137,626,000
21,917,000 135,657,000 107,553,000
,
,
on
Net
___
37,073,000
28,320,000
$925,701
Depreciation expense
victim
of the
wjll
Burry Biscuit
,
-1942
$
$
; $876,081
-
157, p. 1266.
Miscellaneous
1943—5 Mos.-
1943—Month—1942
31—
$22,855
$69,818
Champion Paper & Fibre Co.—New
Toll
Ry.—Earnings—
Canadian National
operations curtailed, all hardwood and softwood pulps
at the Burgess mill of the company.
The Cascade plant, with
employees affected by the shutdown, had been making
from hardwood truckd from
away.—V. 157, p. 1939."
miles
share.—V. 157, p. 1646.
501,606
114,853
____________
directors
Local
operations July 4, according
,
V.
was
cents per share on
preferred stock, par
501,606
following dividends on account of
accumulations, all payable June 30 to holders of record June 15: 43%
cents per share on the 7%
preferred A stock, par $100; 10.937 cents
per share on the 7% preferred A stock, par $25; 37% cents per share
on
the 6%
preferred B stock, par $100, and 9% cents per share on
the 6% preferred B and 6% preferred C stocks, par $25.
Like amounts
were paid on March 31, last, and in each quarter of 1941.
Arrearages as at April 1, 1943, amounted to $61.68% per share on
the 7% preferred A stock, par $100; $15.7405 on the 7% preferred A
stock, par $25; $54.12% on the 6% preferred B stock, par $100, and
$13.44625 on the 6% preferred B and 6% preferred C stocks, par $25.—
$100, payable Sept. 1 to holders of record Aug. 2.
A similar distribu¬
tion was made on June 1, last, and in previous quarters.
Arrearages
several hundred
pulp
declared a dividend of 50
the 5% cumulative
have
directors
The
account
$1,542,160
41,800
157, p. 2345.
John
Preferred Stock—
$1,377,687
41,800
______
Central States Electric Co.—Accrued
Ltd.-—To
Investment Trust,
International
Canadian
$
announcement by the management. The pulp mill is a
the war, hit by shortage of labor in the woods operations
With
at the office of Premier
438.
surrender of debentures,
upon
Toronto, Ont., Canada.—V. 157, p.
Pay 50-Cent Dividend On
Mill—
an
be made
Called—
been
each
Trust Co.,
of the largest sulphite pulp manu¬
East, will suspend
facturing plants in the
of
have
$64,655
pfd. stock-™
pfd. stk. exp.
on
Balance
~ 208,501
the Toronto Stock Exchange that an
issued in connection with conversion
advised
has
shares
Period End. May
to
208,502
59,248
$2,077,657
699,969
$111,618
deducts.
other
&
$123,904
Net income
$529,601
July 15, 1943, the company will redeem all of its 6% convertible
then outstanding at par plus a premium of 3%, together
On
with
$1,766,386; reserve for taxes on income
debenture and bond interest accrued,
Berlin, N. H.—To Close
Int.
.
$164,632
V 53,014
Gross income
107,136
$517,507
recoverable
Brown Co.,
714,027
$2,238,870
696,710
income
;
__
debentures
declared, since paid, $735,920; bond debt, $37,stocks of subsidiaries, $11,987,446; reserves, $1,500,100;
proportion of excess profits tax (per contra),
$270,000: capital, $59,250,000; capital surplus, $6,115,765; earned sur¬
plus, $1,252,369; total, $122,899,137—V. 156, p. 1738.
•
tax
preferred stock
790
for
share
160,624; capital
estimated
1,177,035
963,200
1,303,500
_
Amort, of
25,251 common shares outstanding.
dividends
$497,958;
taxes—
Fed. excess profits taxes
Federal
Divs.
2144.
company
of $15,800
$122,899,137.
other
4,121,673
1,494,000
1,172,076
752,900
23,270
Canadian Food Products, Ltd.—Debentures
City of Vancouver
Liabilities—Accounts payable,
157,
additional
hand, $1,223,047; Dominion of Canadadebentures, at cost, $1,421,690; accounts
receivable, less reserve, $2,368,326; employees' housing loans, mort¬
gages,
etc.,
$41,969; inventories of stores, materials and supplies,
$1,682,174; investments, $666,540; bond refunding expense, $1,185,043;
deferred charges, $394,831; estimated recoverable proportion of excess
profits tax (per contra), $270,000; property account, $113,645,518; total,
and
4,485,143
1,536,000
253,130
"The
Assets—Cash at banks and on
bonds and
329,434
128,000
35.337
3,000
227,844 :
$834,468 $11,327,275 $10,708,804
128,000
372,567
expenses
34,541
expense
3,254
1,711
1943—12 Mos.—1942
1943—Month—1942
taxes
General
1,357
;
on
—V.
2,865
$901,328
Deprec. & amort.
991
and
Federal income
for
$347,482
236,129
Operating
8,269
463,652
deductions
income
$364,014
_
revenue
$1,162,604
(Cr)
discount
debt
of
Gross
475,280
245
960
.
interest
construction
$350,347
Central Illinois Light Co.—Earnings—
—V.
Dec. 31, 1942
Consolidated Balance Sheet,
*
"■
■
long-terra debt
on
$1,258,386
income
Net
$83,856
$72,759
$270,000 representing estimated recoverable proportion of
tax for the period from July 1 to Dec. 31, 1942.
^Including
V
'
$364,014
Period End. May 31—
$1,154,334
"
disposal of Redding property
on
Provision
•
excess
-t
—V.; 157, p. 1524.
316,113
$1,247,108
instalment note
Miscellaneous
surplus
Balance,
•
operation
from
during
Amortization
Loss
$4,290 165
73,091
321,840
300,000
2,000,000
off
stock dividends
preference shares dividends
refunding expenses written
Bond
ij
1
Net income
99,986
250,177
11,279
Miscellaneous
Drl0,596
$4,283,686
1,504,899
income
Total
44,900
depreciation
first mortgage bonds
on
Interest on
$4,262,785
37,976
$4,248,712
Operating income
.
Income from
38,294
117,081
251,131
329,278
corporate income
Gross
2,379,400
150,000
—•
f
t
chargeable
expenses
(Cr)
income
Interest
2,549,751
3,995,600
income
on
contingencies
for
Provision
2,744,162
and renewals
for depreciation
Prov.
for
earnings
Other
21,000
120,000
22,150
90,000
fees
Directors'
Net
9,123,659
95,091
10,456,653
95,197
$2,939,939
1,164,229
taxes
Provision
from
.
17,774
21*973
^
1942
Maintenance
port—
revenue
engineering
construction
Interest
•• 1943 ;■
31—
revenues
and
General
General
Calendar Years—
<
1,670
23.055
Gross1 income
$3,152,889
1,2,46,586
12 Mcs. Ended May
to
Gross
___;
\ ','t*
'%
\
"
California Water Service Co.—Earnings—
interest accrued and unpaid
Operation and maintenance
Legal fees and executive remuneration
'j
V \
x-
,
3,853
5,338
& excess profits
taxes
$393,948
$394,077
*
expenses.
Federal
.
British Columbia Power Corp.,
administrative
and
Taxes, other than Fed, income
1939.
$725,683
Earnings of Company Only
contributions in aid of construction, $78,027; capital surplus,
surplus, $487,096; earned surplus, $1,168,725; total,
p.
1,707,821
$768,782
___________________
$40,520,430*.—V. 157,
Ltd.—To Pay Bonds—
The first mortgage bonds of this company have been called for
redemption on July 15 next.
The 4% %• series A bonds will be re¬
deemed at 101, and the 5% bonds at 104 together in each case with
serial bonds, and the balance of $700,000
1'5-year bonds due Dec. 1. 1953.—V. 157, p. 7.
1,705,892
\y
$2,433,504
other deductions
Interest and
-
1,398
$2,474,674
$403,177; reduction
British Columbia Packers,
4%%
10,763
^
liabilities,
affiliated
to July 15.
Of the $850,000 outstanding at June 30,
income
(net)
operating
Other
payable, $350,000; accounts payable, $49,694; customers' deposits,
$63,916;
■£„.
Taxes, other than Fed.
stock
serial
(par $100), $4,576,100; common
long-term debt, $16,650,000;
1927
1942
$9,256,478
4,663,152
941,586
revenues
Operating expenses
$2,437,300;
cumulative
(312,000 shares, no par), $7,800,000;
418,392;
,
preferred
stock,
preferred
notes
level.—V. 157, p. 216.
sea
cumulative
6%
preferred stock (par $100),
stock (par $100), $779,300; 6%
cumulative
Liabilities—7%
facturing and licensing rights to
of the Mobile Refrigeration, Inc.,
1943
$9,993,123
5,025,150
959,653
3 Mos. End. March 31—
Operating
filtration
and
tion
(& Subs.)—Earns.
Central & South West Utilities Co.
.
$35,693,030;
plant,
(Federal excess profits tax), $23,000;
refund
Boston & Providence
resigned.—V. 156, p. 1413.
members have
This
Assets—Utility
stockholders was formed
that committee in their application, the new
they are informed that three out of the five
to
31, 1942.
Sheet, Dec.
investments, $883,304; post-war
cash on hand and demand
deposits, $784,050; working funds, $6,965; temporary cash investments
(U. S. Treasury bills and notes), $599,530; accounts and notes receiv¬
able
(less reserve for uncollectible accounts and notes of $82,398),
$476,975; materials and supplies, and merchandise, $268,217; indebted¬
ness
of
affiliated
company,
$50,888;
accounts
receivable
(other),
$17,244.; prepayments, $21,133; deferred charges, $1,280,974; discount
and expense on capital stock, $415,121;
total, $40,520,431.
'■
v
Another committee for
1939.
Balance
equitable treatment to Boston
proposals designed to give more
counter
in
2445
157s; Number 4189
Volume
N.
Harstad,
of
the Office of Defense
returned
to
Chicago
on
.
:-7
(
y
&
THE COMMERCIAL
2446
Monday, June 28, 1943
FINANCIAL/CHRONICLE
——T
Chicago
North-Western Ry.—Interest
&
Payments—
of the U. S. District Co\irt for the Northern
Eastern Division, payment will be made beginning
presentation for stamping of the following coupons:
<a» $29.90 per $1,000 on coupon due Nov. 1,
1936, from the 43U% gen*
eral mortgage gold bonds of
1987, due 1987, Stamped; payment op
registered bonds will be made to holders of record at the close of
order
to
Pursuant
District of Illinois,
1.4
July
1943,
on
on
1,
June
business
only
but
30,
on
,
' coupon
stamping.
$34.60
<b>
$1,000 bond
per
presentation of such
on
bonds for
,
#
due July 1, 1936, from St.
Western Ey. Co. guaranteed first mortgage 5%
gold bonds, due 1948; payment on registered bonds will be made to
holders of record at the close of business on June 30, but only on
presentation of such bonds for stamping.
<c) $32.50 per $1,000 bond on coupon due July 1, 1936, from Mil¬
waukee & State Line Ry. Co. guaranteed first mortgage 3%%
gold
bonds, due 1841; payment on registered bonds will be mdae to holders
of record at the close of business on June 30, but only on presenta¬
bonds
such
of
stamping.
for
Western
all
on
issues
Island
Rock
Chicago,
payable
is
&
and North
of the New York Stock Exchange, at a
suspended from dealings the common stock ($100
6% preferred stock ($100 par), and the. 7% preferred stock
par) of the company. The bonds of the company will continue
parj;
($100
list.
the
on
17,
June
Northern District of Illinois, Eastern
Division, handed down an opinion, dated June 3, 1943, in which the
court found without merit, with two exceptions, the objections to the
plan of reorganization. The plan makes no provision for the above
three stock issues of the company and has been approved by the Inter¬
The U. S. District
Court for the
The two exceptions relate to the- claim
of discrimination as between two groups of bondholders and the pro¬
visions relative to the appointment of reorganization managers.
The opinion
of the District Court states that "but for the, two
excepions noted, the court is satisfied and concludes that the provisions
of the plan comply with subsection
<b) of Section 77 of the Bank¬
ruptcy Act, that the plan is fair and equitable, affords due recognition
to
the rights of each class of creditors and stockholders, does not
discriminate unfairly in favor of any class of creditors or stockholders,
and will conform to the requirements of the law of the land regarding
Commission.
Commerce
state
the
participation of the various classes of creditors and stockholders."
appeared to the Board of Governors that, while the Court did not
the plan, the court's opinion considered together with the
approval of the plan by the Interstate Commerce Commission makes
advisable the suspension of the above securities at this time.—V. 157,
the
2145.
Be Referred to A
Case to
Co.—Bankruptcy
Childs
Special Master—
Federal
was
1943
V.
157,
share
against
company,
for
plan
about two-thirds of the old deben¬
this year, had assented to a voluntary
securities for new debentures maturing
which matured April 1,
for the exchange of the
1957.
in
the SEC urged
be maintained
upon the allegation that a debtor is unable to meet its maturing obliga¬
tions, even though it is actually solvent, and they pointed out that the
company's answer, denying insolvency, had failed to deny inability
maturing obligations.
meet
to
July
the maturity of the deben¬
actually pro^erous busi¬
»;
,vj
this year amounted to
the debentures was paid and after an
April, the company would be in an
today.
• '« ■•<•••
The net
income for the first quarter of
tures last
ness
interest on
he said.
Mr. Rickaby also said that the management, after negotiating with
individual landlords during the early part of 1942, succeeded in reduc¬
all
after
$175,000,
allowance for depreciation,
the
ing
company's
800,000.—V.
157,
p.
annual rental obligations to $2,000,000 from $2,1940.
and
par
trustee,
interest.
Detroit, Mich,
Corporacion De Ventas De Salitre Y Yodo De Chile
and Iodine Sales Corp.) 5% sterling income deben¬
tures are being notified that interest at the rate of 2,/g%
for the
half-year ending June 30, 1943 will be paid in full on or after June
30.
The interest will be paid in sterling at the London office of
of
Holders
(Chilean
J.
Nitrate
& Co., or at the option of the holders in dollars
Henry Schroder Banking Corp., in New York,
francs at the office of Credit Suisse in Zurich, Switz¬
Henry Schroder
at
the
or
in
office
Swiss
of
of
No.
coupon
Chrysler
18.—V.
rate of exchange on the day of presen¬
157, p. 1940.
Corp.—Announces
on
<$une
New Process—
21
Joints.
This cement can be brushed on or made in the form of
tape and laid on.
The process can be used to unite metal to metal,
metal to wood, metal to rubber, and metal to plastic in almost any
the
desired
combination,
The composition of
•
of
the
the cement is a war secret, as are specific details
process.
Tests were
to-metal
recently made, comparing Cyclewelded and
riveted metal-
It was found that the ultimate sheer strength of the
joints.
Cyclewelded joints was almost twice that of the riveted joints.
Impact
strength was many times greater.
Creep strength was 50% greater.
Some experiments
were made comparing
riveted and Cyclewelded
wood to metal joints.
The Cyclewelded joints were much stronger and
lighter.;'.'.,:.'
Not only are Cyclewelded parts better than those riveted or ' spot
welded, but they are far less costly to make.
On one part alone
Chrysler Corp. has found that it can save 90% in cost as compared
with riveting, in addition to a great deal of manufacturing time.
The
same is true, in a greater or lesser degree,, with all other parts that
can
be
The
has
of subsidiaries
to show general business conditions of
the week ended June 17, 1943, amounted to
233,481,082 as compared with 202,549,514 for the corresponding week
in 1942, an increase of 30,931,568 or 15.27% .-^-V. 157, p. 2346.
for
served
Cyclewelded.
Chrysler Corp. is in production on many Cyclewelded parts and
the use of the Cyclewelded method to all manufacturers
of war equipment free
for the duration of the war.—V. 157, p. 234(5.
p.
•Net profit
^Earnings per share—.
•After
1942
1943
$713,990
$1.90
$455,633
$1.22
depreciation, Federal taxes, etc.
1940
1941
$424,734
$1.13
$.461,317
$L23
totaled $1,177,928 in
Co.—Report—
Connecticut Railway & Lighting
Net
Other
1942
1941
1940
$3,438,335
2,052,201
$2,818,331
1,792,541
402,202
1,019,091
373,619
497,461
353,166
341,703
$972,076
422,307
$515,054
418,993
$330,921
411,374
$1,394,383
$934,047
$742,295
309,034
500,000
329,295
357,695
$585,349
revenues
expenses & maintenance
for depreciation
$604,752
-
Cliffs Iron Co.—$1.25 Accrued Dividend—
The directors have declared a dividend of $1.25 per share on account
accumulations
on
the $5 cumul. preferred
stock, no par value
payable June 30 to holders of record June 23.
A distribution of $1
per share
was made on April
14, last.
Payments in 1942 were as
of
follows:
April
2,
$1;
and Dec. 28, $1.—V.
.
June
30
and
Oct.
5,
$1.25
each;
Dec.
2,
$1.50;
289,958
66,285
275,468
66,285
Gross
;-v:
::
-.j;
-
V
.v..
'v:.
(par $25).
(Incl. Subs.)
irtcl. coal produced & purch., etc.—
other operating sources—
from
income
Coal
royalties
Other
$8,873,463
'
_•
sources
43,992
.767,122
.
__
Total
Earnings from oper. before prov. for deprec. and
Other
$9,684,577
8,497,287
•
insurance and royalties
taxes,
Operating expenses,
income
on
$1,187,291
32,216
$1,219,506
.
74,877
debt
funded
on
Interest
depletion
:
income
Total
Interest
debt
unfunded
:
3,547
.
247,246
59.44b
Depletion
for
Frovision
Federal
income
income
CJross
deductions
Income
Provision
contingencies
for
income
Net
Int.
-
of
Reservations
net
Outstanding
to
Note—No
*
$56,752
for Federal excess profits
$229,106
surplus
provision is considered necessary
$262,999
338,434
$1.02
shares
common
to
Note—Due
the
with
compares
net
a
uncertainties it is not possible to predict
which may become payable for the
present
of excess profits taxes
amount
Interest
Bonds—
on
will
beginning July 1 of 2%%
due Oct. 1. 1938, from
made
be
interest
coupon
$32,787,672;
sinking fund, $391,698; miscel¬
$137,874; cash on hand and demand deposits in
special deposits, $321,900; temporary cash invest¬
ments, U. S. Government, $992,000; accounts receivable, $10,442; rental
receivable, $160,289; interest receivable, $1,230; materials and sup¬
plies, $101,477; deferred debits, $57,151; total, $35,428,565.
Assets—Investments,
on
surrender of
the
25-year'5%
sinking fund bonds, due 1960.
Interest is payable at offices of Guar¬
anty Trust Co., New York, Old Colony Trust Co., Boston, and Baltimore
National Bank, Baltimore.-—V. 157, p. 2346.
revenue
Operating
Co.—Earnings-
Deprec.
1,810,718
567,290
Amortization
&
General
1,207,077
taxes
Federal
income
Federal
exc.
1943—12 Mos.—1942
1943-n-Month—1942
$4,593,580
—
expenses
taxes-
$4,097,615 $54,511,205 $51,551,249
20,254,385
18,887.668
1,520,471
7,505,574
6,711,857
561,040
3,083,407 » 3,351.435
1,084,691
2,685,512
4,028,817
7,544,891 ■ 5,234,866
-
Gross
Int.
taxes
prof,
$1,008,496
income
other
&
390,397
deduct.,
$537,044
$7,750,521
$8,757,522
285,389
285,389
3,424,817
3,424.816
65,278
456,948
783,339
$186,377
$3,868,756
$4,549,367
stock
pfd.
on
of
pfd.
etc.—
expense,
$332,709
Balance
157,
$931,413 $13,437,456 $13,336,606
394,370
5,686,935
4^79,084
$618,098
income
Net
Divs.
Amortization
2146.
p.
Continental Insurance Co.—Extra
directors have
The
and
capital stock,
of 20
on
p.
Distribution—
declared an extra dividend of 20
semi-annual
usual
the
while
31, 1942
made for such taxes.
1943 and accordingly no provision has been
year
extra
Balance Sheet Dec.
dividend
of
80
cents
cents per share
share on the
per
both payable July 10 to holders of. record June 30. An
was also paid on Jan. 11, last, and on July 10, 1942,
10, 1942, an extra of 40 cents was disbursed.—V. 157,
cents
Jan.
520.
-
j
laneous special funds,
banks,
$466,832;
$8,142,900; common stock
(Par $100), $8,977,200; long-term debt, $6,777,000; accounts payable,.
$81,023; wages payable, $28,577; unredeemed tickets, $60,041; matured
-interest, $311,513; accrued Federal income taxes, $721,805; other Fed¬
eral taxes accrued, $35,204; accrued State taxes, $132,841; other cur¬
rent liabilities, $9,096; deferred credits, $13,401; reserves, $9,473,068;
surplus, $664,796; total, $35,428,565.—V. 157, p. 2247.
Liabilities—Preferred
stock
$100),
(Par
Continental Telephone Co.—Income
and
Other
taxes
Net
company
(electricity
of
amounting
32.8%.—V.
'y'< 'V
157,
p.
"
2346.
'•
>
•
' ■
-
income
Years Ended
1943
1942
$2,758,672
1,425,895
$1,224,536
—
i
-
391,212
$941,565
3,446
323,370
353,803
——
—
income
$598,152
Sheet, April 30, 1943
Assets—Property,
plant,
and
equipment, $15,255,994;
intangible
assets, $842,663; Investments, $16,225; cash in banks and on hand,
$610,343; U. S. Treasury tax savings notes, $605,955; accounts receiv¬
able
(less reserve of $14,063), $349,055;
indebtedness of employees,
$4,107; inventories of material and supplies fof use in construction
andmperation of the corporation's property, $163,206; deferred charges,
j
■
i
i-
35.000
10,473
53,625
i
20,947
Sheet, Dec. 31, 1942
$2,286,879;
deferred expense in process of
cash in banks, $192,922; dividends receivable,
receivable, $250; total, $2,648,854.
cumulative participating preferred stock (par $100),
6V2%" cumulative preferred stock (par $100), $825,000; com¬
mon stock
(par $5), $1,047,350; accounts payable and accrued charges,
$926;
accrued taxes- (including Federal income taxes of $15,518),
$17,516; dividends payable, $22,363; employees' benefit fund reserve;
$4„786; capital surplus, $36,783; surplus reserved, $5,000; earned sur¬
plus, $189,131; total, $2,648,854 —V. 157, p. 2146.
$500,000:
Corn
Products Refining Co.
—
Lack of Grain Closes
Pekin Plant—
*
$904,612
—
total, $17,942,296.
$164,423;
2,500
$116,576
35,000
—
Assets—Investments,
2,500
53,625
j.
dividends
Balance
The
Net
$119,076
$109,005
income
preferred dividends
6%% preferred dividends
$951,955
—
deductions
16,443
$111,505
J
10,390
$1,227,982
Other income
18,988
7%
Common
$135,519
$130,494
—
Liabilities—7%
$3,354,380
April 30—
revenues
Balance
of
40,890
$4,375; accrued interest
Consolidated Gas Utilities Corp.—Earnings-
Operating}
deductions
appropriated for general contingencies
Balance
amortization,
'
•
other
deductions
Inc.—Output—
on June 23
announced system output of electricity
generated"and purchased) for the week ended June 20,
to 188,300,000 kwh., compared with 142,000,000 kwh.
for the corresponding week of 1942, an increase of 32.6%.
Local dis¬
tribution of electricity amounted to 185,800,000 kwh., compared with
139,900,000 kwh. for the corresponding week of last year, an increase
The
income taxes
—
before
Balance
Other
32,084]
15,0001
2,445]
administrative expense
for Federal
Provision
1941
$176,410
1942
$180,023
(-dividends and interest)—
earnings
Amount
1943,
Account—
Calendar Years—
Gross
General
■mmmmm
Consolidated Edison Co.„of New York,
'
profit of $331,736, equal to 76 cents a
common
share for the quarter ended March 31, 1942, when Federal
tax provision
amounted to $345,757.
—V.
held in
fund—
sinking fund requirement
called
Balance
414,331
$420,067
income
stock
income:
long-term debt,
for sinking
on
°*
taxes
JL
Net
261,563
66,285
operating revenue
net
income,
$94,749;
157, p. 1807.
"V-
shares of common stock
two
and
Earnings for Quarter Ended-March 31, 1943
$384,600
taxes
for
Balance
Cleveland
(par $50)
Gross
$5,016,411
2,623,042
31—
12 Months End. Dec.
Operating
Operating
Income
12 months' period ended March 31,
1943 and $546,112 in 1942.—V. 156, p. 1603,
the reclassification of the 58,129 shares of 5%
preferred
$100), presently outstanding, so that each share thereof
into one share of $2.50 cumulative preferred stock
Consumers Power
tOn 375,000 shares of com¬
stock
(no par).
Note—Federal income taxes for
mon
'58,129 shares of 5%
reclassified
Period End. May 31—
takes
1,729,320.
Provision for depreciation and depletion___—*
400,524 '
City Auto Stamping Co. (& Subs.)—Earnings—
presently outstanding
the
Sales, of coal to public,
991.
Expenses and
12 Mos. End. Mar. 31
common
for
(par
be
contingent
for redemption as of July 1, 1943 a total
>of $19,000 of 1st and general mortgage 3%% series "B" "bonds of 1967
at 102 and interest.
Payment will be made at the Hartford National
Bank & Trust Co., trustee, 777 Main St., Hartford, Conn.—V.
157,
called
been
have
,
offered
cumulative
$2.50
Payment
Called—
Connecticut Power Co.—Bonds
Annual
announced a new process of putting to¬
gether aluminum alloy, wooden or rubber aircraft parts without rivet¬
ing or welding called "Cycleweld," which opens the way for stronger,
cheaper, and "easier to build" aircraft.
The "Cycleweld" process was developed by S. G. Saunders of Chrys¬
ler. Corp.. production process department, working in cooperation with
Lt.-Col. PjjuI H. Kemmer of the Army Air Forces Material Center, Lt.Com. A. B. Scoles of the Navy Bureau of Aeronautics, and the Good¬
year Tire & Rubber Co, of Akron, Ohio.
Cyclewelding is achieved by putting a specially prepared cement on
the surfaces to be connected and then applying heat and pressure to
company
output of electric energy
weekly kilowatt hour
this corporation adjusted
and
The
will
J,
erland, at the current London
tation
stock
This
Southern. Corp.—Weekly Output—
Commonwealth &
Provision
Corp.—Interest—
itipite
The
of
4
authorized the listing of 58,129
preferred stock, (par $50), and 116,258
stock, (par $25), ujrnn reclassification of
Exchange has
Earnings per share
V
Provision
Chilean Nitrate & Iodine Sales
Detroit, Mich.—Bonds Called
1st mortgage gold bonds dated
been called for redemption as of July 1, 1943, at
Payment will be made at the Detroit Trust Co.,
1928, have
2,
There
Rickaby stated that were it not for
Mr.
V
representing the petitioning creditors and
petition under Chapter 10 may
involuntary
an
official
upon
outstanding 6%
$110,000
the
territory
Attorneys
that
of
(a)
1077,
p.
Commercial Milling Co.,
Rickaby also said holders of
Mr.
tures,
additional shares,
Depreciation
time.
this
of
157, p. 1741.
Stock
exchange
involving
.
All
the company, stated in court that
executives of the
company
are attempting
to formulate a plan to
adjust the financial situation without the necessity of a court reor¬
ganization.
He stated that he is not at liberty to disclose details at
counsel
Rickaby,
of
in
-
Corp.—Special Offering
—A special offering of 19,000 shares of common stock
(no par) was made June 18 by Shields & Co. on the New
York Stock Exchange.
The price was $41.50 a share,
with a special commission of 55 cents a share. The sale
was completed in 45 minutes.—V. 157, p. 2146.
solvency.
Hamilton
listing
the
(par $100; and for the listing of: 116,258 additional
shares of common stock,
upon official notice of issuance
from time
to time on conversion of shares of $2.50 cumulative preferred stock, 'f
The stockholders on June 10 approved a plan of recapitalization
profit
per- common
authorized
preferred stock
648,000
Commercial Investment Trust
H. Rifkind on June 24 decided to refer to a
issues in an involuntary bankruptcy petition filed
and in the answer of the company denying in¬
the
and
$1,590,000
2,288,000
360,823
list
the
to
York
New
shares
$1,032,000
$942,000
$2.39
$2.15
Net profit for 13 weeks ended March 27 were about $282,000, or
$0.63 a share for the common stock, against $205,000, or $0.42 a share
in
the same
period in 1942.
Tax provisions for the quarter were
$688,000 in 1943, comparing with a deduction o£ $129,000 in 1942.—
Net
add
to
additional shares of
1942
$3,320,000
has
Consolidation Coal Co., Inc.—Listing of Stocks—
The
Columbia Pictures Corp.—Earnings—
before taxes
Exchange
Curb
York
New
authority
permitted June 23 by the Securities- and Ex¬
on Feb. 24, 1939, under
Company Act, respecting
the proposed retention by Columbia of its interests in properties owned
by American Fuel & Power Co. which is undergoing reorganization.
Columbia requested the withdrawal because of change in conditions
which transpired since the time of filing of the plans.—V. 157, p. 2146.
Earnings
157, p. 2039.
pec. 19, $2.—V.
notice of issuance.—V.
and excess profits taxes—
the no
on
outstanding 15-year
5% income debentures due Aug. 27,
1953, "stamped" to evidence payment of 9.34% of principal amount;
and (bi 267,431 outstanding shares of capital stock
(par 10c.) with
change Commission to withdraw a plan filed
11 (E) of the Public Utility Holding
income
March
The
Section
Profit after charges but
share
per
$1,138,825
Withdraw Its 1939 Plan—
39 Weeks Ended March 27—
dividend of $4
Consolidated Textile Co., Inc.—Listing—
Electric Corp.—SEC Permits Corpo¬
Columbia Gas &
a
stock, payable June 28 to holders of record June
with $3 paid on May 24, last, and with $2 each
15 and April
19, 1943.
Disbursements during 1942 were
March 30, $1.50; May 25, $1; June 24, $3; Nov. 9, $1.50;
compares
follows:
and
*
Federal
re¬
use
Judge Simon
special master
declared
have
directors
This
on
Ry.
for retirement of outstanding debt.
The plan
has received tentative approval by Reconstruction Finance
will be submitted for approval by bondholders.—V. 157,
Corporation
$162,354;
value common
22.
Corp. and now
The
deposits,
Consolidated Rendering Co.—To Pay $4 Dividend—
The
par
than *$*,000,000
2364.
and
for Federal
provision
consumers'
$4,070,414; deferred credits, $1,551; contributions for exten?
sions (hot refundable), $4,694;
capital surplus at organization, $3,375,368;
paid-in surplus, $8,378; earned surplus, $1,893,740; total,
$17,942,296.—V. 157, p. 2039.
as
&-Southern Ry. and Fort Smith & Denver City
authorized by the U. S. District Court at Denver to
been
have
$280,786;
income,
on
$11,403;
liabilities,
miscellaneous
taxes
serves,
,
Colorado
more
$1), $886,026; funded'debt>
par
Denver
&
It
approve
p.
State
of $2,000,000.
sum
The
ration to
Governors
of
Board
The
accrued
.
p.
pended From Dealings—
meeting
Worth
Fort
(common,
$7,020,000; accounts payable, $106,435; accrued taxes (other than Fed-;
eral and State taxes on income), $48,740; accrued interest, $72,406;
City Ry. Co., 547 West Jackson Blvd.,
office of N. Stockhammer, fiscal agent, 2 Wall
St., New York, N. Y„ will until 12 o'clock Noon (E.W.T.) on July 15,
1943
receive
bids for the sale to either of them
of Colorado &
Southern Ry. general mortgage, 4 J/2 % geld bonds, series A, due 1980,
or
certificates of deposit for said bonds deposited under the Plan of
Adjustment dated June 30, 1942, to an amount sufficient to exhaust
RR.—Stacks Sus¬
Pacific
Ry.—Tenders Sought—
Southern
Colorado &
The
previously
•
at office of Chicago
Ry. Co., New York, N. Y.—V. 157, P- 2345>
Interest
per
Chicago, 111., or at the
Louis, Peoria & North
tion
share has been declared on the common
stock, par $5, payable June 30 to holders of record June 23.
A like
amount was paid on April 7, last, and March 20, June 30, Oct, 5,
Dec. 2 and Dec. 28, 1942.—V. 157, p. 2246.
of 20 cents
A dividend
stock
Liabilities—Capital
Distribution—
Cliffs Corp.—20-Cent
;
first
of
Company's three
plants has closed down because the
can't get corn with which to operate. It began to close down
plant at Pekin, HI., June 22. This is the second largest of the com¬
pany's plants, grinding about 60,000 bushels of corn daily.
*
The corn on hand at the Kansas City plant, which
grinds about
company
its
25,000 bushels
until June 30.
daily, is sufficient to keep that plant in operation only
The Argo, 111., plant, which grinds 95,000 bushels of
daily, has enough on hand to maintain operations
The corn supply situation of the Company probably is
corn
same
as
for other processors,
until July 16.
just about the
according to Morris Sayre, Vice President
.
I
1
V
1
'
2447
CHRONICLE
COMMERCIAL & FINANCIAL
THE
Number 4189
157
Volume
of
line
Opens-The opening of the Ludington, Mich., plant of the Dow Magnesium
Corp. was announced on June 15. This unit is owned by Defense Plant
Corporation and is operated by Dow Magnesium Corp.
It is a vital
companion to the first Michigan D. M. C. plant at Marysville which
said.
Sayre
began production in April.
Until June 15 the Marysville
raw
will
common
Pay $1 Dividend—
a dividend of $1 per share on the
stock, no par value, payable July 1 to holders of record
A similar distribution was made on Dec. 26, 1942, and
common
June
28.
have declared a
on the
$10, payable July 1 to
distribution was made on July 1,
directors
The
of accumulations
account
stock,
par
In
v
accordance with a transitory 'provision of the
and the procedure for deposit, payments
of
June 21, 1943.
is payable., on the bonds
business
Interest
on
at the office of
Operating
revenues
Operating
expenses
Federal
Other
taxes
Property
serve
Net
—
—
retirement reappropriation-.-
Other
78,411
i Gross- income
Interest
mort. bonds
on
and deduc—
Other int.
income
Net
I
$181,458
$174,582
46,667
1,773
income
52,802
$174,103
479
$181,458
Balance*
,
13,392
$121,399
$126,142
—
the period-
Dividends'applic. to pref. stks. for
—V.
46,667
—
4
157,
f'
2247.
p.
$1,496,547
507,386
Bennett, Dr. Beutel, Mr.
Most of the above men
157, p. 2248.
$2,263,716
560,000
76,077
and
Los
of
Period End. May 31
Operating
Operating
taxes
Federal
Other
——
—A
taxes-
Property
A serve
Net
r
revenues-expenses
$989,161 $1,120,253
Net
805,373
430,241
revenues—
$46,557
$59,139
15,505
$537,016
68,523
$564,515
$43,634
$468,493
25,667
$378,452
$494,160
278,243
3,116
$378,452
282,180
24,784
of plant-
Int.
Balance
—r
Deficit—V.
earnings
Normal
and
55,440,825
2,700,000
10,190,000
and surtax
tax
Balance, income
from utility
miscellaneous
Other
50,867,533
4,555,000
3,370,000
$13,154,124 $15,724,725
operations
272,102
74,898
income
$13,229,022 $15,996,827
4,876,249
4,930,083
Crl33,556
Cr78,414
corporate income
Interest on funded and unfunded debt
interest charged to construction
Amortization of debt discount and expense
Gross
521,860
income
ry.
railway
inc
Net
elected
a
Reuben
Symes,
Net
ry.
oper.
Divco-Twln Truck Co.
End. Apr. 30—
6 Mos.
profit
*Net
1941
$818,807
24,479
$1,778,781
227,150
share—
$0.20
$0.11
$1.01
interest, normal Federal income tax,
shares $1 par capital stock.—V. 157, p. 1269.
fEarnings
'•■After
225,000
Subs.)—^Ehrnings—
1942
$1,080,516
44,352
sales
Net
(&
1943
$1,377,316
185,218
$0.82
per
depreciation,
(Joseph) Dixon Crucible
etc.
tOn
on June 21 declared a dividend of $1 per share on
outstanding capital stock, payable June 30 to holders
23.
A similar distribution was made on March 31,
last, and on March 31, June 30, Sept. 30 and Dec. 23, 1942.
The directors also declared a wage and salary dividend of 6%
on
their second quarter's compensation in 1943 from current profits to
The
the
of
directors
$5,000,000
record
June
employees actively employed by the
Three, six, nine and twelve months ago,
made.—V. 157, p. 1079.
those
company on June 30,
a similar
1943.
distribution was
1940
$121,573
22,141
15,114
*7,818
22,503
;
Oilcloth & Linoleum Co., Ltd.—Extra Div.—
The
directors have declared an extra dividend of
10 cents per
share and the regular quarterly dividend
of 30 c°nts per share on
July 30 to holders of record June 30.
Like amountr were disbursed
on
Jan. 29 and Aoril 30, last, and in each quarter during 1942 and
Dominion
~
1941.—V.
157, p.
1269.
Pet.
26,385
23,146
10,748
17.7
28.4
12.8
94,359
system inputs of any
periods.—V. 157, p. 2345.
appearing in both
1942—3
$
Subsidiaries—
Operating
Operation
companies
1,749,996
667,746
589,191
285,926
146,702
110,039
4,381
*18,427
106,390
89,726
2,621,897
3,408,801
___—
&
retirement
Property
deplet.
6,529,338
income
Gross
20,660,534
9,037,250
204,685
32,547,650
371,522
32,535,241
391,004
9,074,939
32,919,172
32,926,245
3,705,835
14,310,341
14,568,562
5,369,104
1,972,346
18,357,683
1,972,799
18,608,831
7,891,249
204,746
109,370
434,272
409,639
3,541,600
3,287,388
10,283,310
10,061,478
3,541,600
299
3,287,388
10,283,310
10,061,478
300
622
895
3,287,688
10,283,932
92,317
19,331
10,062,373
110,003
19,429
359,239
to public &
Net interest
3,522,790
deductions
other
23,052,111
8,876,356
198,583
3,541,899
20,798
4,763
revs._
net____
income,
5,789,711
9,241,935
approp—
res.
operating
Net
1942—12 Mos.—1941
$
34,963,855 139,865 ,153 126,690,604
11,882,764 46,448 ,462 43,375,141
5,959,759
1,609,302
6,753 ,973
10,788,327
3,331,915 17,611 ,838
13,371,602
,119
3,473,807 13,451
12,387,045
taxes
5,719,145
Pont de Nemours &
to
publicPortion
applicable
to
minority
interests—
Co.—Acquisition—
an
to
divs.
'•■Pref.
Subs.)—Earnings-
Mos.—1941
$
35,734,327
revenues
taxes
Other
934,400
(&
Electric Power & Light Corp.
Period End. Dec. 31J
702
Associated Press dispatch from Philadelphia, Pa.,
June 12 announced the acquisition of The Pat¬
terson
Screen
Co. of Towanda, Pa., manufacturers of X-ray and
fluoroscopic screens.
The acquired firm, it was stated, will become
the Patterson Screen Division of the du Pont Photo Products Depart¬
ment.—V. 157, p. 1941.
,
Net
7,886,566
Net
O.—Common Stock
by Lee Higginson
Corp. on June 16 offered 66,600 shares of common stock
(par $5) at $12 per share. The offering does not repre¬
sent any new financing by the corporation.
Other mem¬
bers of the offering are: Hornblower & Weeks; Stone &
Webster and Blodget, Inc.; Maynard H. Murch & Co.;
Graham, Parsons & Co.; Bacon, Whipple & Co.; Kalman
& Co., Inc.; Wyeth & Co.; Alex. Brown & Sons; Farwell,
Chapman & Co.; and Harold E. Wood & Co. The issue
has been
The Chase
Bank of the Manhattan Co.
National
Bank, New York;
registrar,
Feb. 28, 1943, the authorized capitalization
of common stock (par $5), all of which were
issued and outstanding.
The authorized number of shares has since
been increased to 150,000 (to 124,300 on June 10, 1943, and subse¬
quently to 150,000) and 8,900 shares were issued in payment of a stock
dividend on June 12, 1943.
The capital securities of the company are
Capitalization—As
as
follows:
,
stock
($5
par)
Earnings
Outstanding
124,300 shs.
Authorized
150,000 shs.
Title—
Common
and Dividends for
Federal
& Amort.
tNet Profit
Inc. Taxes
Net Profit
$1,189
12,688
$5,155
69,771
$32,674
$6,344
27,871
82,459
26,166
28,629
159,229
23,207
136,022
232,883
40,169
192.714
34,670
302,645
54,863
27,918
30,774
225,417
15,424
39,838
70,110
1940
1941
1942..Y_
573,117
237,479
335,638
+67,900
1,119,458
1,148,075
161,011
696,768
422,690
§835,353
§312,722
§43,311
191,160
$19,446
894,547
'43 (2 mo.)
'
85,534
§117,700
income
for
for
1942,
$34,990; two months ended Feb. 28, 1943, $10,231.
SAfter deducting
from provision for Federal income and excess profits taxes and adding
to net profit the post-war refund of excess profits tax as follows:
$11,300.
dividends paid by the company on
stock in each of the last five calendar
$82,503; 1943,
Dividends—The cash
its
common
each share of
years arc as
follows:
1940
1939
1938
$1.35
$1.05
$0.30
dividend of $0.25 per share was
A cash
9,
1943, a stock
to holders
1941
1942
$2.00
$1.00
paid on April 15, 1943, and on
dividend of 8,900 shares was declared,
th^it date.
,Y
payable
of record on
incorporated
Business—The company was
in New York
May 1, 1912, as Duriron Castings Co.
The present name was
on July 7,
1920.
Company produces equipment and castings used in
History
taxes
Other
!!?___
Balance
Inter,
37,203
4,708
83,221
114,402
Expenses
and other deduct.
394,588
3,162,556
395,222
9,573,702
2,767,334
3,401,936
382,704
9,777,696
1,549,941
8,227,755
513,170
7,964,964
1,026,203
1,608,738
r-
carried
Bal.
to
con-
solid. earn, surplus
Preferred dividends —
earned
3,019,232
requirements applicable to
dividend
or
respective periods whether
unearned.
Balance
Consolidated
Sheet, Dec. 31
1941
1942
'
$
Assets—
property and equipment
and fund accounts
Plant,
Investment
banks, on demand
Cash in banks, time deposits
Cash
in
Special deposits
Working funds
1
receivable
Notes
_
investments
cash
Temporary
:.
—
—
Prepayments
Other current and accrued
Deferred debits
676,314,416
3,772,542
40,928,949
75,000
4,732,355
352,458
10,316,996
94,634
11,539,108
6,779,676
receivable
498,375
assets
and
manufacturing,
and otherwise handling
important products consist of a
conveying, controlling
liquids and gases.
Its most
standard
—
assets
675,844,303
3,571,940
33,614,336
400,000
1,178,557
337,157
1,626,436
110,109
11,937,861
7,644,652
425,201
172,358
258,955
10,706,367
11,577,322
731,738
20,816
48,618
Liabilities—
Long
Note
274,705,424 274,983,633
250,806,777 262,896,615
25,925,000
25,925,000
5,260,784
6,124,975
1,133,416
876,813
debt
payable of subsidiary
term
payable-declared
Dividends
—
.
debt called for redemption, subsid—
long term debt, subsidiaries
Matured long-term debt
Customers' deposits
Long term
Currently maturing
accrued
accrued
Taxes
694,699
767,122,385 749,183,549
Total
Capital stock
—
Interest
Other current
Deferred
and accrued
credits
Reserves
Contributions in
Contra
Undeclared
cum.
subsidiaries
Deferred
construction
consignments
______
dividends on pfd. stocks of
Y
——
aid of
liabilities,
___—
;——
credit
Capital, surplus
Earned surplus
—
—
2,129,015
5,949,433
1,576)217
209,761
242,896
4,094,306
22,268,775
3,873,541
3,959,947
15,424,910
3,921,249
843,583
576,185
2,226,473
97,976,620
liabilities—.—
——
adopted
corrosive=
—
stock
capital
Reacquired
Contra
Accounts
returns',iand allowances and freight.
fBefore provision
and excess profit's taxes,
iIncludes provision
amortization
of defense facilities as follows:
1941, $19,346;
*After
1942,
taxes
Federal
185,579
39,432
1,153,944
1,456,833
1,013,579
1,341,352
2,163,996
3,832,418
5,357,580
1939
Total
247,782
1935
1936..—
above)_
(as
Inventories
876,037
1934—
Light Corp.—
income
Accounts
Calendar Years
$514,199
771,553
1933
of subsid.
of
consisted of 115,400 shares
now
equity
Other
"Full
oversubscribed.
agent,
Transfer
equity of Electric
& Light Co.
Power
in income
Electrit Power &
(The) Duriron Co., Inc., Dayton,
Offered—A banking group headed
June
.
Amount
to du Pont company on
Federal
Co.—$1 Dividend, Etc.—
104,299
157, p. 2040.
(E. I.) du
1938
1940
Y —Increase
149,427
81,153
$.3,611
175,812
do not include the
The above figures
not
Balance
According
,
1942
1943
Operating Subsidiaries of—
Power & Light Co.
Electric Power & Light Corp.
National Power & Light Co.
Other
288,965
inc.
••■Deficit.—V.
1937
•
Kilowatt-Hours—
-—Thousands of
%
1,055,400
railway-—
*Net Sales
Secretary and General Accountant, has been
Vice-President.
B. Crispell has been elected a director.—V. 157, p. 2147.
W.
-YRussell
follows:
during 1942 were as
1941
54,402
9,516.
railway__
from
Vice-President, etc.—
New
of
$117,744
1942
$183,200^
$219,500
49,739
oper.
from
Gross
client
system inputs of
the
1943,
17,
June
American
Deprec.
,
ended
week
operating companies of Ebasco Services, Inc., which are subsidiaries
American
Power &
Light Co., Electric Power & Light Corp., and
National Power & Light Co., as compared with the corresponding week
Pacific Ry.—Earnings—
1943
$8,485,329 $10,623,297
"
Net
*$32,413
103,901
1943
1942 •
$81,484,949 $74,517,258
31—
from utility operations
maintenance charges
profits tax
Excess
$71,488
(& Subs.)—Earnings—
Months Ended May
12
Operating
$212,801
26,901
157, p. 2147.
Detroit Edison Co.
Gross
186,0(53
$185,900
$24,154
$18,156
applic. to pref. slk. for the period-.
Dividends
•
23,515
1,963
_
income
Net
*
22,344
59
mtge. bonds—
deductions
on
Other
$43,634
$46,557
income
Gross
.
$46,557
income—
income
Other
'
39,300
Operating
%
Terminal Co.—Earnings—
1943—Month—1942
1943—12 Mos.—1942
$497,567
$368,758 $5,356,023 $3,801,480
296,744
242,030
3,219,261 2,579,015
61,993
14,162
596,363
64,504
19,848
14,127
198,010
163,205
Inc.—Weekly Input—
Ebasco Services,
the
Co.—V. 157, p. 2148.
Maintenance
railway
from
Net from
72,425
oper.
plans of reorganization
Wisconsin Hydro-Electric
*
2248.
p.
Duluth, Winnipeg &
retriement reappropriation
Rent for lease
in Section 11
intervene
President, has announced the election of Norman
Angeles as a member of the company's board of
R. E. Reimer of Bradford, Pa., as Secretary and
May—
Gross
f
o
mission
and Secretary—
From Jan. 1—
Rail\%iy &
Dallas
•
as
Federal
$1,627,639
507,386
Foster
received per¬
Commission to
proceedings under the Holding Company Act on
filed by the corporation and its subsidiary, the
of New York and
National Bank & Trust Co.,
successor trustees under the first mortgage
June 23 from the Securities and Exchange
Doty,
For
Corp.—Proceedings—
Power
Eastern Minnesota
is President and
Chandler
157,
V.
accrued
-$92,525;
The Commercial
W.
General Manager of the Los Angeles
"Times" and Secretary of the American Newspaper Publishers Associa¬
tion.
He is also a director of Pacific Pump Works of Huntington Park,
California, one of Dresser's subsidiaries.
Mr. Reimer has been with the company since January, 1929, and has
been Treasurer since May, 1932.
His election to the additional office
of Secretary fills a vacancy caused by the death of Merrill N. Davis —
$2,392,581 $2,263,076
2,449
640
$2,395,030
560,000
338,483
(including salaries and
wages of
Federal income and excess profits taxes,
$35,852; provision for additional com¬
pensation to executives and employees, $35,000; sundry current liabili¬
ties, $33,424; common stock (par $5), $577,000; earned surplus, $1,169,681; total, $2,990,338.—V. 157, p. 2040.
payable
Liabilities—Accounts
$32,999),
Treasurer.
741,054
829,298
Mallon,
of
Mr.
reserve
$1,046,856; other accrued taxes,
the Diesel field, he said the engine cylinder walls are
a
porous-chrome hardening process which prolongs
developed by the Van der Horst Corporation, also a
of Dresser Industries.-
directors,
693,564
1943
in banks and on hand, $579,432; accounts receivable
for doubtful accounts of $8,000), $690,368; inventories,
prepaid expenses and deferred charges, $46,715; property,
plant and equipment (less reserve for depreciation and amortization of
$783,211), $839,912; other assets, $93,803; total, $2,990,338.
to
Chandler
4,450 shs.
62,150 shs,
___
Assets—Ca-Sh
(less
with
N.
H.
,.
$740,108;
Manufacturing Co.—Has Large Orders—
New Director
$8,306,669 $7,698,164
3,099,231
2,909,522
1,256,271
1,290,948
'
__
Co.
life,
member
1943—12 Mos.—1942
&
Balance Sheet, Feb. 28,
the company has received a $3,000,000 order from the
United States
Government for marine engines of a similar type.
In
addition to the new adaptation of the supercharged two-cycle
principle
Sons
Wood
E.
301 shs.
301 shs.
267 shs.
167 shs.
167 shs.
167 shs.
4,199 shs.
4,199 shs.
3,733 shs. '
2,333 shs.
2,333 shs,
2,333 shs.
___
Total
development,
The Royal Bank of
729,288
Harold
Continuing
___
Farwell, Chapman & Co.
divi¬
of
develop¬
Constitution of
,
revenues—
oper.
101,210
59.259
128,597
62,015
taxes
Wyeth & Co.
Alex, Brown &
Assistant Comptroller; Charles
Assistant Auditor, and R. J.
Mr.
...
Bacon, Whipple & Co.
Kalman & Company, Inc.
plan
new
finished
1943—Month—1942
$724,151
$625,869
281,025
231,140
Maynard H. Murch & Co.
Graham, Parsons & Co.
for replacing war-damaged power facilities of Rus¬
sia's small war plants behind the lines, through the use of a large
number of small Diesel engine-driven
electric generating units, was
disclosed on June 22, by H. N. Mallon, President.
As a part of America's lend-lease program, one of Dresser's
sions, Clark Bros. Co. of Olean, N. Y., is completing delivery
a
$4,000,000 order for Diesel engines which represeht a new
ment in the 'supercharged two-cycle field.
Mr.
Mallon said that, as an outgrowth of Clark's Diesel engine
Light" Co.—Earnings—
1 Period End. May 31
than
and
engine
Dallas Power &
more
Dow
Dresser
A
York.—V. 157, p. 2247.
Canada, New
of
Beutel
Campbell, Mr. Doan and Dr. Willard H. Dow.
are also officers of The Dow Chemical Co.—V.
will be made on
July 1, 1943, of $5 per $1,000 bond on surrender of the July 1, 1943,
coupon from the first mortgage 5% 50-year gold bonds, due 1952, and
oLjHIJ.61 per $1,000 deposit receipt for said bonds ($4.63 interest
payment, $14.98 principal payment) to holders of record at the close
Cuba,
Marysville cost
and
Comptroller; W. K. Martin,
Auditor; Ivan A. Oden,
Chief Clerk.
Directors are:
Dr. E. O. Barstow,
dividend of 25 cents per share on
$1 cumul. and partic. 1st preferred
holders of record June 7. A similar
1941; none since.—V. 153, p. 392.
&
Delivered by
Stockholder Stockholders
14,092 shs.
1,008 shs.
7,932 shs.
568 shs.
7,465 shs.
535 shs.
6,999 shs.
501 shs.
6,532 shs. .
468 shs.
Corp.
Weeks
:
and Blodget, Inc.
Higginson
Hornblower
Rinehart,
Railroad—Interest
Cuba
Ludington
in
Penhaligan,
Co.—Accumulated Dividend—
Blackwell
Crosse &
project
borough,
1941.—V. 157, p. 2247.
Dec. 27,
on
Lee
Magnesium Corp. are: E. W. Bennett, President;
G. F. Dresscl, Vice-Presidents; C. A. Campbell,
Secretary; L. I. Doan, Treasurer; F. H. .Brown, Assistant Treasurer;
R. A. Addison, Robert Crisler, Wm. Groening, Jr., G. M. McGranahan,
H. F. Smith and W. J. Truettner, Assistant Secretaries; D. J. Lands-
have' declared
directors
Purchased
From Selling
v;1
Underwriters--
connections.
P.
follows:
Stone & Webster
entire
Officers
underwriters, the number
purchase from the selling
delivered to each by the
•
it was stated.
plant, like its companion units in Michigan and
Texas, was built by the Austin Company, with its main offices in
Cleveland, Ohio. It includes lime-kilns, the first unit put into operation
April 11, where dolomite rock is burned to produce lime; a power
plant;
carbonator plant; filter plant; evaporation-crystallizer and
driers.
At present auxiliary power is purchased from
the Western
Michigan Public Service for standby purposes and pumping.
The Ludington site includes ample dock facilities on Pere Marquette
Lake, a branch of Lake Michigan, in addition to excellent railroad
A.
and
"continuing stockholders are as
nfagnesium
the several
of
names
which each has agreed to
the number of shares to be
shares of stock
chloride shipped from still
Ludington
The
Coro, Inc.—To
The
shipped
The
stock, par $25, payable July 26 to holders of
July 2. A similar distribution was made on Jan. 25 and
Payments in 1942 were as follows:- Jan. 20, April 20 and
75 cents each; and Oct. 20, 65 cents.—V.
157, p. 1808.
the
Underwriters—The
of
stockholder
$40,000,000,
cents per share on
record
April 26, last.
July 20,
declared a dividend of 65
The directors have
be
miscellaneous
railroad cars.
also/expTe^jL-the^fear that if the shutdown is of any
length, the company will lose marty-of its 1,100 employees.
Production of the PeKiWplant amouhts to roughly 1,000,000 lbs. of
starch, 600,000 lbsSot/Mined sugar, ai\d a number of less important
items daily. In additionf, one-thiy^ of the corn processed goes back to
the farm as high-proteih dairy feed.
■„
'
The corn supply for ithe processors has dried up because the ceiling
price on the grain yields the farmer less money than if he feeds it
to hogs, and sells it /s pork, Mr. Sayre said.
65-Cent Dividend—
, ,
,
in Texas.
material in
plant
Sayre
Mr.
unit has been producing
valves, pipe and fittings.
Additional products include
exchangers, steam jets, ejectors, and laboratory and other
equipment in a variety of standard shapes and sizes.
pumps,
heat
fans,
another D. M. C.
From now on the Ludington division will spply this
the form of "cell feed," a light flaky material, which
to Marysville and elsewhere in closed, hopper-bottom
magnesium
from
metal
it to opera¬
will take a day
the simplest
is closed, it will take longer to restore
tion than it did to shut it down, Mr. Sayre says.
It
and a half to start grinding, another day
to produce
starch, and 10 days to get corn sugar (dextrose).
the plant
■Once
Chemical Co.—Ludington Plant
Dow
will be
Government
He predicted that most other companies
forced to shut down unless some action is taken by the
to restore the flow of corn from the farms to the mills.
The Pekin plant has been running at capacity for the past two years,
with no shutdowns except for necessary repairs. This is the first shut¬
down of any length since the company rebuilt the plant in 1917, Mr.
Company.
the
of
1,014,059
85,819.293
820,931
671,831
20,816
48,618
15,893,235
13,938,188
17,803,228
13,938,188
3,537
38,435,180
33,987,475
767,122,385 749,183,549
Total
-V.
157, p. 2347.
and 30 cents each on April 10 and
cents on Oct. 1, 1941,
1941.—V. 157, p. 2249.
40
1941,
of ZYz% Sinking
Se Fuel Co.—Listing
Gas
Empire
June 20,
The
Prof,
public, and $764,400 may
Depreciation
Capitalization and Funded Debt
Net
17, 1942, the com¬
of recapitalization dated July
Pursuant to a plan
22,034
per com. share-♦LOSS.—V. 157, p. 1081.
Service Co.) the opportunity to exchange their
with all dividend arrears thereon, for debentures of an aggre¬
21,922
88,132
$27,353
$0.11
$56,258
*$7,127
Nil
$0.23
shares,
said date.
$526,200
in
held
and
Net
Retire,
1947-54
Authorized Outstanding
$21,534,800 *$19,806,800
—V.
3%
secured
and
cumulative
*
cumulative
par)
(no
unpaid dividend
♦Accumulated
149,423.
arrears
operating
Costs
of
sales
exps.
for
Frov.
depl.
income I
Other
37,609,473
3,680,729
14,192,658
3,390,369
13,607,228
3,287,268
13,148,568
3.374,039
12,939,238
10,510,464
10,344,606
3,258,379
2,992,120
4,247,707
4,565,915
Gross
income
$22,219,475 $16,690,563 $11,568,368
911,782
2,911,860
2,328,976
$8,454,618
inc..
dividend
of
20
cents
per
603.
Tire & Rubber Co.—To Sell New Tire—
Luxe Champion tire, made from synthetic rubber, is now
eligible car owners, the company has announced.
Made
will
It
mileage,
give
and
strength
$11,085,441
774,653
safety,
it
Net
Sheet
Balance
Consolidated
31,
of Dec.
as
1942
outstanding
will
debentures,
——
in
cost
companies—at
pipeline
Cash in
has
authorized
the listing
Cash
banks and
in
Customers'
unbilled rev.), less res..
(incl.
current accts. & accepts
receivable, less reserve
Affiliated companies'
Other
accounts
Crude
stocks
oil
oil
Refined
resale
assets
Other
deferred
and
charges
of
and
Funded
Notes
other
long term debt
payable to banks
20,854,099
166,163,978
5,950,000
1,500,000
495,234
—
(secured)
payable to banks (unsecured)
Notes
payable
others..payable (incl. affil.
Accounts
to
Accrued
interest
Accrued
taxes
Customers'
other
charges
liabilities
Total
•
.
Capital
surplus
Earned
surplus
r
Total
—V.
to
terest
i,o6fa,4i8
for
Erie
the
ments
Nov.
Net
from
ry.
1942
1941
...
railway.— $13,627,140 $11,542,133
5,711,509
4,199,820
from
few
past
loan of
a
v
years
$8,176,000.
$4,000,000 for debt
1940
2,102,407
inc
$8,891,810
$6,640,686
3,200,440
1,802,813
2,008,580
986,759
2,068,417
It is understood that $2,000,000 may
further reduction of Its indebtedness.
Also, it
retirement plan has the approval of the
retirement.
157,
debt
2041.
p.
63,744,798
51,962,353
40,350,542
25,322.824
17,801,301
13,343,622
A
8,910,434
8,670,907
8,157,262
.oper.
32,858,472
\
share has been declared on the $3 non-cumul.
of $1 per
Fuller Manufacturing
of record July 3.
45, last,
as
com¬
19, 1941; 50 cents
156, p. 1952.
directors
the
capital
2.
A
like
10
cents
have
stock,
cents
on
declared
$5,
par
amount
distributions
per
the
share
stock
paid.—V.
was
dividend
a
payable
disbursed
was
Dec.
on
since
157,
p.
June
on
of
12
21,
April
12,/2
29,
1942.
1,
cents
holders
to
March
1937
share
on
record
with
the
first
Tax
June
compared
last,
These
when
per
of
Profit
are
a
quarterly
of
1178.
22 declared
dividend
a
dividend
par
compares
of
$5,
50
cents
payable
per
June
to
holders
with 25 cents paid on Dec.
reserve
19,
declared
of
1942,
record
on
the
June
for
contingencies
Net
50 cents
on
common
This
uec.
652,000
60,000
619,070
60,000
*
$169,557
$0.57
profit
Earnings per common
production,
declared
usual
the
stock,
preferred
Bunker,
elected
been
quarterly
payable
President
of
director.—V.
a
current
the
$195,323
$0.66
now almost entirely converted to
to government contract renegotiation, the
company,
are subject
assets
$3,115,220,
assets
of
as
of
and
May
1943, including cash of $713,578,
liabilities $1,890,499, compared with
including cash of $553,804, and current
31.
current
$2,983,934,
share
July 17.
per
1, last.
Disburse¬
10 cents each;
Oct.
1
dividend
of
holders
of
to
$2
per
record
National
1649.
The
157,
w;
Sugar
Co.«
Refining
p.-
Corp.—28-Cent Distribution—
General Capital
a
dividend of 38 ' cents per share on
July 14 to holders of record June 30.
cents paid on April 10, last.
Distributions
during 1942 were as follows; April 10, ,21 cents; July 14, 25 cents;
Oct. 10, 22 cents; and Dec. 28, 44 cents.—V. 157, p. 1424.
The
declared
have
directors
stock,
common
This
payable
with
compares
22
Foods
General
Corp.—Merger Ratified—
Corp. below.—V.
157,
p.
2249.
Approved—
to pay out of capital surplus a
Corporation's proposal
dividend of
$40,138 on its $5 prior preferred stock for the quarter ended June 15,
1942, was approved June 21 by the Securities and Exchange Commission.
The trustees of Associated Gas & Electric Corp. waived their right
collect
the
of
its
dividends until further notice of the Com¬
27,889.1 shares, while the remainder of
the
hold
trustees
outstanding,
shares
32,110.9
or
shares,
in the hands
are
public.
noted
commission
General
that
of
share
a
The
60,000
the
filed
has
that
would be the sixth time
to pay a quarterly dividend on
payment
the
declaration
a
publicity-held prior preferred,
Income
Account
expenses
.
Maintenance
for
Provision
Federal
Fed.
income
_
taxes
profits tax
excess
Other
depreciation
taxes
income
from
$4,964,722
130,365
92,270
$5,095,087
$8,422,977
subsidiary
income,
•
4,034,378
6,834,086
138,837
$1,588,891
225,967
$1,189,299
^
...
$1,010,709
225,967
$784,743
$1,362,924
-.
General Gas & Electric Corp.—
income
Net
Public Service Co. and Dover Gas Light Co.
annual report.
JLess debt retirement and post-war credits
♦Excluding
tPer
,j
3,900,563
$1,328,136
consolidated
operating companies
Balance
$8,330,707
$5,173,856
54,842
.
(net)
income
Gross
,
.
$5,228,699
Operating income
Other
11941
*1941
$23,537,565 $22,108,306 $34,248,414
9,207,017
8,710,499
13,212,039
1,122,364
756,854
802,121
1,526,117
1,419,089
2,077,559
2,736,487
2,575,233
4,083,728
927,984
1,198.538
1,629,170
1:455,861
57,000
731,257
* 2,387,879'
2,426,371
3,381,843
revenues
Electricity purchased
of
Calendar Years
for
1942
Operating
Operating
1941
Virginia
$50,117.
Balance
Consolidated
Assets—Fixed
Sheet—Dec.
31,
1942
investments, $4,025,768; deposits
$134,229,304;
capital,
$192,080; cash, $1,986,143; U. S. Treasury tax
certificates, $218,000; miscellaneous special deposits, $24,947; accounts
receivable, (less—reserve for uncollectible accounts of $191,080), $1,924,684; materials and supplies,
$1,390,467; prepayments, $152,298;
deferred debits, $4,544,394; total, $148,688,086.
>'
for
sinking funds,
etc.,
stock,
Liabilities—Capital
Electric
&
Gas
$16,069,501; capital - surplus of General
consolidated earned surplus (defi¬
$13,633,889;
Corp.,
$1,713,598; capital stocks and surplus of subsidiary companies;
$11,505,100; long-term debt of subsidiary companies, $58,440,391; in¬
debtedness of General Gas & Electric Corp to trustees of Associated
cit),
Electric
&
Gas
parent
Corp.,
company,
$2,734,155;
long-term
debt
of
subsidiary companies maturing in 1943, $259,945; notes payable, $475,455; accounts payable (including $27,935 due to other associated com¬
customers' deposits,
$1,147,459; accrued Federal
profits taxes,
$1,412,745; other accrued taxes,
$753,285;
and
excess
accrued," $745,126; other current accrued liabilities,
deferred credits, $311,856; reserves for depreciation, $14,-
interest
$199,254;
additional Federal income taxes for prior years,
$166,213; excess of underlying book value
subsidiary companies at Dec. 31, 1937
over carrying
value thereof, $24,477,575; contributions in aid of con¬
struction (nonrefundable), $487,524; total, $148,688,086.
573,983;
other
investments
of
for
reserve
$2,500,000;
reserves,
in
operating
Statements—The property and earnings of Virginia
and
Co.
Gas
Dover
Light
have
Co.
financial
been
excluded
Public
from
the
statements.
Proceedings before
the Securities and Exchange Commission have indicated that the hold¬
and
1941
ings
the
1942
consolidated
•
of General Gas Electric Corp., which now represent 100 7e of
outstanding common stock, will, upon final consummation of the
of
Virginia
Public Service Co.,
represent
consider¬
ably less than a majority interest. The investment of the corporation
in The Dover Gas Light Co. was sold on Dec. 15, 1942, and this com¬
has
pany
—V.
states.
Current
totaled
of
share
cents
record
and May
10 cents,
19,
and Dec.
refinancing .plans
report
18
1942
$874,393
provision
Provision
Note—Earnings
share has been
30
before
15
of
holders
1
Feb.
on
of
to
2
Aug.
made
•
Ellsworth
has
Service
1943
$881,557
,
war
Federal Drop Forge Co.—50-Cent Payment—
A
the
on
Financial
Co.—Earnings—
31—
f
and taxes
6 Months Ended May
Eureka Vacuum Cleaner Co.—12Vz-Cent Dividend—
stock,
15-Cent Common Dividend-
18.
$508,228;
3,989,718
ry
railway
dividend
payable July 23 to holders
A distribution of $2.50 per share was made on Dec.
pared with 50 cents on July 15, 1942; $1.50 on Dec.
on Aug 8, 1941, and 10 cents on March 14, 1941.—V.
8,276,498
inc
—V. 157, p. 2041.
from
Net
10
2348.
p.
—
payable
was
also
directors
panies),
Inc.—$1 Preferred Dividend—
Fruit of the Loom,
preferred stock, par $20,
: ?
railway
Net
of
to
during 1942 were as follows: April 1 and Aug. 1,
2, .15 cents;
Sept.
-
authority for the
RFC.—V.
1943
.
railway
oper.
From Jan. 1—
one
stock,
distribution
income
V
Net
a
go to the RFC for a
is reported
that the
-
The
157,
June
on
common
Deductions
purchase of these bonds by the Fort Worth
& Denver City Ry. has been approved by a U. S. District Court in
Denver.
Under the order the road was permitted to spend up to
RR.—Earnings—
from
Bonds—
bonds.
these
the
The
$273,202,520
•May—
Gross
directors
The
on
A similar
$2,000,000
the Fort Worth & Denver City Ry. has
mortgage bonds of the Colorado & Southern.
On Sept. 1, 1942, it held $2,672,000 of these bonds, which have been
pledged with the Reconstruction Finance Corporation as part Security
157, p. 864.
Gross
later.
New Director—
the offer,
on
For
14,550,025
*—f—
Pay
been acquiring the general
7,013,085
—
Ry.—To
Federal court in Denver approved a voluntary debt
Under the plan the
reduced from 4>/2%
4%, of which Vfc(/o would be fixed and the balance contingent.
May 1 the company, however, paid full fixed and contingent in¬
On
1,754,660
reserves
City
Denver
&
Colorado
the
Early this year
6,896^558
income
on
surplus for the
adjustment plan of the Colorado & Southern Ry.
rate on the general mortgage bonds was
1,422,462
87,973
-
deposits
Provision for Federal taxes
Other
1943,
Baking Co.
interest
4,048,160
552,630
cos.)
debt
funded
on
and
a
& Southern Ry.
There is outstanding about
The offer will expire on July 15.
which has been mailed to the holders of the bonds,
the Fort Worth & Denver
City Ry. will reimburse the owners for
accrued interest up to the date of the acceptance of the tenders.
$40,357,237
stock,
Notes
leaving
$16,800,000 of the bonds.
Under
stock
Preferred
Common
1,
stock.—V.
preferred
General
Company announced June 23 that it will spend up to $2,000,000
in purchasing the 4Vz%
general mortgage bonds of its parent com¬
Liabilities—
made
under¬
date of redemption.
Funds
for
dividends will be taken from earned surplus.
at or before delivery of the 200,000 shares
offered in the prospectus, to deposit in trust with the Chase National
Bank of New York funds sufficient to redeem all outstanding shares
'
$273,202,520
—,
£270,000,
were
(
Worth
Parent Company
1,118,079
141,279
expense
—
£256,625
of £140.169.
Adding the balance of £1,050,841 from the 1941
there was a balance carried forward of
£1,191,010.—V. 156,
958.
pany,
Total
*£410,169
__
I
387,102
:
discount
debt
1942
1943
dividends
Note—Common
522.964
Prepaid insurance, taxes and other expenses
Unamortized
Ltd., England—Earnings
profit after all charges
deducting £821,946
Fort
be
proposes,
company
2149.
p.
year,
p.
will
the principal
of accrued
payment
The
June
year
3,696,283
per
cumulative preferred stock, which
par
($10 a share), plus accrued
shares of 5%
redemption at
for
from
531,424
c
supplies
cents
the
Consolidated
for depreciation, obsolescence, directors'
fees, etc., £221,876 for employees' pension fund, £749,900 appropria¬
tion for income tax and
£ 100,000 for contingencies.
7,681,473
for
held
and
Materials
•
products
Merchandise
Other
called
be
dividends
The
♦After
23,220.684
3,281,063
1,896,226
366,243
4,311,889
hand
on
receivable
accts.
25
price
of $3,-
General
Becomes
Year Ended Dec. 31—
26
sinking fund for 3Va % debentures
as
General Gas & Electric Corp.—Dividend
Frank
Net
1,024,547
cost or less
investments—at
of
company's
See Snider Packing
due^ May 15, J.958.—V. 157, p. 2249.,
Detroit—Ford
of
Co.
Motor
Ford Motor Co.,
$193,557,637
21,651,461
9,814,139
(less reserves)
assets
Investment
Other
the
;i
Intangibles
during
quarter
issue, augmented by funds currently al¬
"retirement fund for preferred stock" and
by general funds of the company to the extent required, will be
applied to payment of the redemption price of all of the company's
Assets—
Capital
on
com-
statement (2-5156) with
sale of 200,000 shares of
statement
the
announced
be
to
from
to
to
157,
each
offering
public
in
listed
was
others
proceeds
mission.
V.
in
dividend
extra
an
(par
Co.
&
with
writer,
was
company
that
declared
$1).
The
amendment later.
by
Campsall, long Secretary to Henry Ford, had been ap¬
pointed to the newly-created post of Assistant General Manager, coor¬
dinating the work of administrative and manufacturing departments.—
Bonds
debt:
stock
on June 21 assumed the duties of General Manager of
in addition to the presidency which he accepted at the
death of the late Edsel Ford.
A company announcement stated also
this
and
last,
Industries, Inc.—Registers With SEC—
Wood
Manager-
$16,736,700 $11,972,644 $10,310,788
on
have
directors
located
of Debentures—
Exchange
Stock
York
New
Ford
1943
2,
Company on June 18 filed a registration
SEC covering the proposed issuance and
*
157, p. 2348.
000,000 15-year 3%
and notes of sub¬
sidiaries, $1,716,822; debt of company ranking prior to or equal with
the debentures, $88,000; debentures, $688,594; total, $2,493,416.
requirements
interest
extra
an
Henry Ford
deducts._*$16,855,493
other
and
declared
regular
Butaprene,
The
share
per
1,
and
The
Flintkote Co.—Listing
Balance applic. to int.
♦Annual
to
stated.—V.
2,630,823
$23,131,257 $19,602,423 $13,897,344
6,275,764
2,865,723
1,924,700
—
for taxes on
Prov.
De
4,742,636
Jan.
on
the
3,102,623
5,017,269
—
new
from
10,657.803
3,003,095
Net oper. revenue
income
the
Firestone
A
on
—
expenses
Other
2249.
p.
July 10, 1942, and one of 40 cents on Jan. 10, 1942.—V. 157, p.
39,161,379
10,292,465
than
(other
157,
have
directors
and
available
——
Taxes
Supreme Court
on
admin.
Selling, gen. and
exps.
.
39,228,916
cents
April
par
the
depr.
&
U. S.
An
37,651,455
repairs-
&
Maintenance
Parity Heard—
on
semi-annual dividend of 80 cents per share
the capital stock, both payable. July 10 to holders of record June 30.
extra of 40 cents was disbursed on Jan. 11, last; one of 20 cents
on
1939
1940
1941
$82,119,139
—
cents
on
the usual quarterly dividend of 25 cents per share on the
value common stock, both payable July 20 to holders of record
July 7.—V. 152, p. 2705.
no
share
Subsidiaries) for Calendar Years
$96,057,146 $91,080,965 $83,682,176
revs.—
& oper.
Corp.—Plea
Fidelity-Phenix Fire Insurance Co.—Extra Dividend
The
20
made
was
be
consideration.—V.
share
1942
Gross
Securities and Ex¬
"have since decided that the Commission
erred in denying parity participation to the officers and directors, and
the matter was remanded to the Commission by mandate for further
-
Consolidated Earnings (Company and
15
Emanuel
Co.—Purchase Plan—
Commission.
previously ruled that those officers and directors
accorded parity participation because they purchased
securities during the period when the management was pro¬
the
and
of
payable July 1 to holders of record
157, p. 2348.
common
Commission
not
and
15
Gardner-Denver Co.—Extra Distribution—
Share
Gar
mulgating four different plans of reorganization.
These purchases, the
Commission previously held, "violated their fiduciary duties."
Both the U. S. Circuit Court of Appeals for the District of Columbia
180,000 shs. 86.816 shs.
1
f239,912 shs.
->570,000 shs.\ 27,571 shs.
J
I 49,273 shs.
750,000 shs, 418,600Ahs.
to Dec. 31, 1942, were $30,-
cumulative
stock
112,508
Exchange
certain
.
^
cumulative
6%
105,890
of whether certain security holdings of
the corporation and Chenery Corp. should
The
dividend
a
distribution
similar
A
with
pared
$119,161
question
should
119,857,000
134,200,000
stock ($100 par)—
Common
$144,246
officers and
directors of
be accorded
parity participation with those of other investors in Federal Water's
reorganization plan was argued orally June 17 before the Securities
Company—
V/c
$10,057
$125,517
2148.
p.
of
15 to
April
on
6,356
$11,500
Federal Water & Gas
1 All owned by company.
8%
4,951
will be considered at a hearing before the
Commission on June 29.—V. 157, p. 2249.
The
4,700,000
32,878
due 1943-45
bonds, due
purchase money obligations,
5Mt% first mortgage & coll. trust
Oct. 1, 1945
6%■ note payable
6tt%
$149,197
517
cumulative
year
A
secured notes, due 1943-46—
2Vz'h
Preferred
$10,573
206
company's proposal to purchase not more than $100,000 of its
preferred stock in the open market within the next
The
$6
8,000,000
J
3%
25.
kndwn
1943-45
due
157,
made
Co.—20-Cent Distribution—
declared
have
value common stock,
par
128,000
Closed
8,000,000
Oil Co.—
notes,
$11,706
charges
Federal Light & Traction
$47,500,000 $20,000,000
-
--------------
Service
61,333
change
secured notes, due 1943-46—
5%% debentures, due April 1, 1956
Cities
76,000
serially
due
bonds
pipeline
3*/*%
'
6,333
Dividends declared
Cities Service Gas Co.—
mortgage d
6,333
income
Net
note
First
*
$186,850
*
debentures—
sinking fund
$225,197
-
payable, secured, due quarterly to
......
Dec. 31, 1945
—
—
T4,400,000
Notes payable to Cities Service Co. —
98'3Jl7'?00
*Of which 132,700 owned by company,
tlncludes $1,200,000,000 due
in 1943 shown in current liabilities on balance sheet.
2%
$16,907
accruals
income
38)
(No.
payable July
was
in 1942 were as follows: April 15, July
each; and Dec. 22, 30 cents.—V. 157, p. 1178.
directors
no
June
57,940
30,360
$18,039
reserve
Interest
.
Company—
3Vz%
76,518
the
The
and its consolidated subsidiaries
the company at Dec. 31, 1942, were as
of
stock
capital
the
and
663,593
Dr208
1,603
(net)..
Balance
company
follows:
revenues..
inc.
$2,
par
similar distribution
A
Galveston-Houston
The
quarterly dividend
a
stock,
common
30.
$128,910
7,687
oper.
Non-oper.
treasury,
of the
$194,837
declared
16
the
on
record June
Payments
1942.—V.
Gross
^The fund^d^debt
$16,436
$17,115
52,632
Taxes
1943, $20,573,700 of
had been retired by
31,
May
acquired
231,914
$993,773
589,283
65,361
210,219
Maintenance
debentures had been issued, of
sinking fund and $426,100 re¬
leaving $19,621,400 outstanding. At
the same time the unexchanged preferred stock held by others than
Cities Service Co. amounted to 1,046,005 shares of 8% preferred, 3,176
shares of 7% preferred, 88 shares of GVz% preferred, and 339. shares
At
which
$1,166,861
20,989
—
1049.
156, p.
June
on
share
per
of
last.
15,
$88,896
46,205
6,242
19,334
$97,744
.
.
cents
holders
1943—12 Mos.—1942
1943-Month—1942
Period End. May 31—
Operating revenues
Operation
directors
The
20
Co.—Earnings-
Fall River Gas Works
principal amount equal to the par value of their shares of pre¬
stock and
accumulated unpaid dividend arrears thereon to
Jan.
1, 1942, all aggregating $21,534,800.
The exchange offer and
plan became operative on Sept. 28, 1942, and the right to exchange
expired on Dec.-15, 1942, except as to holders who for reasonable cause
were
unable to surrender their shares for exchange on or before
gate
ferred
by a
Oct. 15, 20 cents
stock (other than Cities
the close of the company's
1942,
at the end
Fundamental Investors, Inc.—20-Cent Distribution—
90,742
$53,331
$0.22
profit
Earn,
of its preferred
1942, offered to the holders
beginning Aug. 5,
pany,
deprec
before
of Nov. 30,
as
capital amounted to $1,224,721, compared with
of the fiscal year, with the increase accounted
$131,286 gain in current assets which offset the $36,732 rise
Working
year.
In current liabilities.—V.
1943—12 Mos.—1942
$144,390
$83,614
1943—3 Mos.—1942
$75,365
$49,276
30—
Period End. April
fiscal
for
Corp.—Earnings—
Exchange Buffet
listing of $20,1, 1962, of which
the hands of the
be issued under the exchange offer.
has authorized the
Exchange
Stock
York
New
liabilities of $1,853,767
$1,130,167
Fund Debentures—
385,800 of 3Va % sinking fund debentures due Jan,
$19,621,400 have been issued and are outstanding in
Monday, June 28, 1943
& FINANCIAL CHRONICLE
THE COMMERCIAL
2448
r
likewise
been
excluded
from
the
consolidated
statements.
157, p. 2149.
G meral Motors
The
holder
total
for
number
the
of
second
Corp.—No. of Stockholders Gain—
General
quarter
Motors
of
1943
common
was
and
414,247
preferred
compared
stock¬
with
2449
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4189'
157
Volume
Gulf Power Co.—Earnings—■
414,852 for the second
quarter of 1943 ftnd lfflth
corporation announces.
,
holders of common stock and the balance of
of preferred stock. These figures compare
common stockholders and 21,534 preferred for the first
quarter of 1942, the
There
with
Gross
392,725
were
392,650
quarter of 1943.
"...
,
General
113,255
18,750
97,404
40,023
depreciation
taxes
Federal
$50,000,000 Paid On Loan—
Last
$208,790
122,854
18,750
expenses
Prov. for
'
-
$291,809
revenue
Operating
represents holders
21,522
taxes~«
income
Fed. excess
236,896
160,439
——
profits taxes
-u
preceding year, makes a total of
next account.—V. 156, p. 1238.
the
Indiana
206,125
169,787
608,619
.
there was a surplus in 1942 of
£865,487 brought forward from
£965,499 carried forward to the
dividends,
common
which, with the balance of
£100,012,
1943—12 Mos.—1942
$3,211,226 $2,550,153
1,394,966
1,320,139
225,000
204,583
1943—Month—i942
Period End. May 31—
final
and
interim
414,184 ior the first
116,347
j
-
<
.
Co.—gearings Post¬
Hydro-Electric Power
poned—
S
Hearings with respect to voluntary plan of reorganization filed by
and Section 11 proceedings instituted against the company
company
corporation has repaid the
The
last $50,000,000 of
$100,000,000 bor¬
negotiated with
400 banks in
The
$50,000,000
was
in the latter part
three months
for
renewed
was for
The second
$50,000,000 repaid in May.
with the first
90-day periods,
V;
Repayment of the bank loans does not necessarily mean
corporation will not have further recourse to its V-loan
the credit agreement does not expire until Feb. 28,
1946.
runs at 2
annually on any amount borrowed, while a
fee of
Va of 1%
is paid annually to the lending banks on
March.-
.
of
Net income
Divs.
$33,403
Balance
..
—V.
credit.—V. 157, p. 2250.
Operating
14
1942
Net
$786,076
$844,579
$29,260
$32,275
—
1943
-sJ.942
1943
Operating revenues
—V. 157, p. 2348.
-Jan. 1 to June
revenues
Retire,
Period End. May
revenue
Gross
Operating
Co.—Earnings—
31—
$3,859,460
1,349,533
394,300
—
expenses—_
for depreciationtaxes
Prov.
1943—12
1943—Month—1942
taxes—
prof, taxes
Federal
income
Federal
exc.
$562,360
223,005
Divs.
stock
pfd.
on
Balance
157,
-V.
$394,542
...
income
Net
«
•
T
;
.
3,734,664
310,217
deduct.
$9,167,362
3,829,219
$704,759 $10,038,115
304,291
$339,355
Inter, and other
*>,„;•
$866,651
income
Gross
,»
3,566,409
2,663,803
1,364,975
Net
—V.
$88,364
35,000
$4,257
$2,801
$59,633
$53,364
45
44
532
521
$2,757
$59,101
$52,843
accruals
.
$4,212
income
223,005
$5,338,142
2,676,064
$171,536
$3,627,387
2306.
Transit Co.,
1,
as
Ltd.—25-Cent Div.
directors have
' '
.
1
-
l) 1943
of July
total
a
Co.—50-Cent Distribution—
i;
The directors have declared a dividend of 50 cents per share on
the common stock, payable June 30 to holders of record the same
date.
A similar payment was. made, on March 31, last.
Payments
-in 1942 were as follows:.'.March 31, June 30 and Sept. 30, 50 cents
U.
action
came
,
and Dec. 21,
each;
•
$1.—V. 157, p. 898.
been
Vice-President—
P. Dinsmore, Manager of rubber research and development
has been elected Vice-President in charge of research
development.—V. 157, p. 1844.
R.
Inc.—Accumulated Dividend—
Goulds Pumps,
a
dividend
'
1081.
p.
declared
for
Gross
railway
from
from railway
Net
—
439,199
Net ry. oper. inc.From Jan. 1—•
14,443,000
4,584,731
Gross from railway
railway
ry.
oper. inc
157, p. 1649.
from
Net
Net
—V.
Gruen
RR.—Earnings—
1943
$2,888,000
899,847
3,003,207
$3,779,292
1,649,084
$3,701,267 $3,065,807
1,906,916 1,665,417
$1,794,352
125,235
104,399
income
Total
12,582,694 10,423,898
4,079,199
2,604,804
2,800,419 1,529,914
$2,130,208
Profit
income
-
and other
expenses
♦Provision for domestic and
Interest
—
$2,234,607
158,240
1,168,288
89,788
$1,490,177
137,452
875,890
449,323
$903,402
$908,079
income
Preferred stock
dividends (cash),—
(cash)
$899,415
22,548
372,886
23,161
270,656
430,767
426,298
Outstanding common sharesEarnings per share—
$2.04
$2.05
♦Includes Federal excess profits taxes $816,110 (less credit for debt
retirement of $76,932 and post-war refund of $4,679) in 1943, $401,400
1942
in
and $85,056 in
1941.
The
decided
case
aggregating $244,474 in 1943,
net- income of foreign
sub¬
$247,387 in 1942 and $264,468
Consolidated Balance Sheet,
March 31, 1943
demand deposits, $1,750,917; TJ. S. Gov¬
ernment obligations, $750,000;
notes and accounts receivable, trade
(less allowance for doubtful notes and accounts), $736,450; inventories,
$3 024,943; cash surrender value of insurance aggregating $876,700 on
lives of officers and director, $69,798; other notes and accounts re¬
ceivable (less allowance for doubtful notes), $12,795; sundry invest¬
ments, at cost or nominal values, $15,558; post-war refunds of excess
profits taxes, $4,679; land, buildings and equipment (less allowance
for depreciation of $448,079), $444,738; prepaid expenses and deferred
charges, $94,786; patents, trade-marks, copyrights, and goodwill, $1,;
total, $6,904,666.
.
J . •
Liabilities—Accounts payable, $303,297; accrued expenses, $327,701;
on
payable, $5,637;" provision for domestic and
$1,209,999; notes payable, bank, ($250,000
income,
beginning May 27,
1944), $1,000,000—
foreign taxes
due annually
5% cumulative preferred stock
earned surplus,
($25 par), $450,850; common stock ($1 par), $384,256;
$3,222,925; total, $6,904,£66.—'V. 157, p. 1180.
or,
1943
series due 1955, have
at 103 and interest.
.
w,/ rt'i'l* IS',,
Sj1 *
Central America—Earnings
7' -7.'
>'
'
-rt
Net
from
rev.
$561,240
$3,312,644
330,548
267,689
1,777,201
$3,159,152
1,672,404
268,423
ry.
187,845
1,438,636
1,098,08:
198,977
114,834
1,086,004
728,75(
oper.
for
avail,
Income
1943—5 Mos.—1942
1943—Month—1942
$646,832
revenues_i___
fixed
charges
;
income
—V.
157,
the outgrowth of
another action brought by
There
2252.
Wholly-Owned
Including
(Not
Canadian Subsidiary)
1943 '■•■A.'" 1942 '
$857,240
$784,760
621,100
488,900
Quarter Ended March 31
after charges
Profit
Federal income
Estimated
Earnings
—V.
and
profits
excess
i_
taxes
$295,860
$2 28
profit—$236,140
share__
$1.63
net
per
but before taxes
common
9
157, p. 474.
International Telephone & Telegraph
upheld
Walter
sufficient
___
International Silver Co.—Earnings—
''
'
1942.
Justice
was
____'
p.
and
A.
Rimpottis's
the
comply with the existing
no
opinion handed down
to
was
that the State
contention
lower
the
decision
court's
statutes."
by the Appellate Division in
in the.. Challenger appeal.—
157, p. 2150.
0
Corp.—25-Cent Common Div.—
The directors on June 17 declared a dividend of 25 cents per share
on
the common stock, no par value, and the regular quarterly divi¬
dend. of 62 Vz cents per share on the 5% preferred stock, par $50,
both payable June 30 to holders of record June 22.—V. 157, p. 1459.
Corp.—Earnings
Consolidated Income Account for the Quarter Ended March 81
1943
i1942
Gross
earnings
selling and general expenses
Operating,
Maintenance
U.
and
Federal
S.
Other
repairs
income
".
__
__T
$7,753,385
2,489,453
888 689
$9,370,046
2,772,367
1,074,917
101,121
taxes
taxes
Provision
;—
_____
A
110 434
575,406
580J12
for
depreciation and amortization of
intangible assets segregated
;
1,788,940 f fl,758,381
Houston Natural Gas
Howarth Pivoted Bearings Co.,
Philadelphia—Navy to
Acting on orders
announced that it
above
the
This
former
issued by President Roosevelt, the Navy on June
would take immediate possession of the plant
company.
difficulties."
Navy said.
Government
"The
and
statement said, because "under its
experienced production and financial
has
without interruption,
approximately 90%
of the machinery
company, including the buildings and land,
guaranteed loans for working capital," the
special assistant to the
of the Navy, will represent the Secretary of the Navy
the plant.—(New York "Journal of Commerce.")
Harold G. Bowen,
Hudson & Manhattan
Under-Secretary
in operation of
RR. Co.—To Increase
Fare—
Commission, it was announced on June 17,
authorized the company to increase the fare between the Hudson
Terminal in New York and its stations in Jersey City and Hoboken,
The Interstate Commerce
has
N.
J.,
from
eight to nine cents for
No effective
157, p. 2042.
thereafter.
months
Profit
and for
the duration of the war
date was
stipulated in the Com¬
mission's order.—V.
31—
on
Minority
48.547
129,683
31,951
66,691
-267251
137,795
130,739
29,388
$2,372,147
$1,336,858
1,041,971
1,083,451
Interest
Interest
Net
Note—The
Mos.—1^42
$6,807,666
$6,949,783
2,004,715
1,196,994
892,539
720,800
accounts of the following
Income Account (Company
Only) for the
Quarter*Ended
expenses
Rent
$2,139,820
711,075
$1,883,907
751,033
—V.
$68,620
$100,189
"
applic. to pref. stocks for the period
$1,428,745
$1,132,874
414,342
414,342
$718,532
Industries, Ltd.—Earnings—
1942
Years Ended Dec. 31—
taxes and other
—
Net
on
foreign exchange
(net)
157,
$158,323
919
$473,163
p.
$159,242
1,173,316
$653,198
charges
loss
Net
Cr482,516
1,126,361
income
Net
2,113
110,373
$469,540
3,623
___
120,750
Cr583,180
charges^to-stibsidiaries
earnings
Profit
$1,014,074
2043.
International Utilities Corp.—Would
Aid Subsidiary—
June 22 asked the SEC to grant it permission to
in cash to Dominion Gas & Electric Co., one of
its subsidiaries.
The $100,000 would aid in a proposed plan of recapi¬
talization
for
International now before the Commission and the
eventual merger of the two companies by satisfying a sinking fund
Corporation
$1,014,403
Balance
Deduct
.4 15,848
2,443
depreciation
International Telephone Building Corp.
to
59,166
—V. 157, p. 2251.
1942
$287,299
483,15$
38,028
for
Provision
1,223,432
992,204
641,700
March 31
1943
$508,792
461,211
earnings
$127,786
after depreciation,
subsidiaries have not been consoli¬
and its subsidiaries, the Spanish
the Shanghai Telephone Co.,
American Cable & Radio Corp.
58,378
2,072,199
West Indies
engaged in
Telephone Co., the Mexican Telephone Co.,
and the German Telephone Co.
$158,567
Imperial Chemical
income accounts includes only
its subsidiaries which are engaged
consolidated
and„the
dated:
Interest
deducs—
of
in the United States.
The accounts of International
Standard Electric Corp. and its subsidiaries (principally manufacturing
subsidiaries located in various countries of Europe and the Far East),
$1,878,131
5,776
income
provision
87,695
? $165,712
wholly
$2,134,735
5,085
income
statement
business
490
revs—
(net)
.
expense
primarily in the operation of telephone properties in the
and South America,
and of certain of its subsidiaries
$127,296
income
82,219
$1,247,957
of debt discount and
the accounts of the parent company,
157
contribute
on
$100,000
requirement of Dominion on its
6V2% collateral trust bonds.-
1941
Preferred Dividend—
£6,499,859 £6,162,212
appropriation of £701,595 to reserves and other allocations,
of £1,666,104 for preference dividends and £4,032,148 for
After an
long-term debt
income
$158,410
Prop, retire, res. approp.
deductions
charges of parent company:
on
Amortization
62,500
96,780
Net
(Cr)
income
Net
159,530
114,660
90,540
58,300
86,720
Net
473,226.
73,154
J__
41,150
expenses
Dividends
•
(net)
come
162,619
etc.,
and
charged to construction
$550,326
taxes
Gross
discount
c'-
pfd. stock of subs, in hands of publiccom.
stockholders' equity in net in¬
Interest
Divs.
debt
charges
Taxes
1943—12
1943—Month—1942
Other
Interest,
-
480,804
expense__,__
interest
$567,029
operating
of
Amortization
$2,059,198
$3,202,782
Charges of subsidiaries consolidated:
on long-term debt
;
revenues
Federal taxes
Net
J
Net earnings
Gross
Idaho Power Co.- -Earnings—
Other income
(net)
Interest
General
Operating
Operating
exchange
foreign
on
$1,925,716
133,482s.
$3,057,295
145,487
earnings
i
and
advanced
manufactures thrust bearings and
ships will be continued
furnished
of^this
equipment
and
which
plant
Navy said.
Rear Ad.
of
*
the
of
other types of bearings for
the
14
...
step is necessary, a Navy
management, the company
Operation
Net
Other
y
Corp.—75-Cent Preferred Dividend—
The directors have declared a dividend of 75 cents per share on
the
6%
cumulative preferred stock, par $100, payable July 1 to'
holders of record June 23.
A like amount was paid on April 1, last.
Payments during 1942 were as follows: April 1, July 1 and Oct. 1,
$1 each; and Dec. 23, $1.25.—V. 157, p. 1180.
Group
2,
July
on
Period End. May
Assets—Cash on hand and
dividends
of
as
Period End. May 31—-
Net
r.
banking laws had been technically violated, but his decision was
unanimously reversed by the Appellate Division last May 29 which
ruled that "Statement of loan delivered to plaintiff by defendant was
six
1941.
in
.
Regina Rimpotti against the same corporation seeking
similar grounds of a $250 loan obtained by them July
and
Thomas
,
Note—Consolidated net income includes
sidiaries
this
made at any branch in Canada of The Royal Bank
at the holder's option, at The Royal Bank of Canada
7
Ry. oper.
1
March 9.
last
action
29,876
105,966
384,256
$2.30
*
dividends
Common
$1,919,587
144,281
$1,400,390
foreign
taxes
income
Net
11,381,000
2,205,055
1,100,035
Subs.)—EarningsIncome Account, Years Ended March 31
1943
1942
1941
profit from sales——
Selling, adminis. & gen. expenses—
>1
1941
1940
$2,302,000 $2,595,835 $2,010,457
548,471
838,214
485,570
315,696
560,444
268,244
1942
Watch Co. (&
Gross
Other
4.
Operate Plant-
Comparative Consolidated
redemption
Canada,
■
Richard
plaintiffs,
upholding
Grand Trunk Western
of
page
will be
International Railways of
Ella Challenger, who obtained a
$250 loan from the company on April 1, 1942, brought an action
"on behalf of all borrowers," charging that the form given to bor¬
rowers
by the corporation technically violated the New York State
banking laws. Supreme Court Justice Carroll G. Walter dismissed the
The
V.
May—
V
Called-^
preceding
London, England.—V. 157, p. 994.
ration.
25,
of $1.75 per share on
account of accumulations on the 7% cumulative preferred stock, par
$100
payable July 6 to holders of record June 23.
A similar pay¬
ment was made on April 2, last.
Payments in 1942 were as follows:
April 1 and July 2, $1 each; Oct. 2, $3; and Dec. 30, $2.—V. 157,
have
directors
a
on
outstanding secured debentures, 6%
the
called
of
Division of the New York Supreme Court on June 23
unanimously affirmed a Supreme Court ruling denying an injunction
and dismissing an action brought by two borrowers against the corpo¬
cancellation
The
-
Co.
Milling
in
Corp.-^Appellate Court Affirms
Finance
1460.
156, p. 2039.
Payment
The Appellate
of the company,
and
•'
"HJfi t-'■
Household
review filed by Paul
The SEC order was en¬
petition for
a
stockholder.
a
p,
International Power Co., Ltd.—■Debentures Called—
All of
5,356 shares of
% $65 par pre¬
announced on June? 23.—V. 152, p. 121.
tive Vice-President,
ap¬
'
Rubber Co., Akrdn, Ohio—Dividend
The directors have declared a dividend of 50 cents per share on the
common
stock, no par value, payable Sept. 15 to holders of record
Aug. 14.
Like amounts were paid on March 15 and June 15, last.
Disbursements during 1942 were as follows: March 16 and June 15,
37»/2 cents each; and Sept. 15 and Dec. 15, 25 cents each,
New
157,
Comemrcial
under
issue.—V.
Buffalo, N. Y.—Calls Stock—
Finding for Company—
Goodyear Tire &
Dr.
dismissal of
on
the
at
Cincinnati has
at
International Milling; Co., Detroit—Bonds
See
company
stock
Appeals
of
Court
Circuit
S.
of Kalamazoo, Mich.,
Todd
Accepted—
will redeem on June 30 its 7% $100 par value pre¬
redemption price; »f $110 a share, plus $3.50 a
share dividends for .the first half of 1943, Arthur D. Douglas, Execu¬
The
Approves
' •
■
last, the company had outstanding
7% $21 par preferred stock and 5,748 shares of 6J?2
ferred stock.—V. 157, p. 2251.
ferred
1,
order of Securities and Exchange Commission directing dis¬
holding company of a public utility group
an
>
Goodman Mfg.
preferred
tered July 21, last.—V.
31,
Hotels Statler Co., Inc.,
J
Co.—30-Cent Dividend—
Payments in 1942 were as follows: Jan. 2 and April
and July I and Oct. 1, 30 cents each.—V. 157, p. 43.
Sixth
The
H.
acceptance.
155, p. 2457.
$702,276
$624,234
$591,020
operating in New York and New England.
has accepted for purchase tenders amounting to
1,753 shares of its 7% preferred stock, it was announced on June 22.
The company said that no shares of prior preferred stock had been
offered
at
prices which in the opinion of
the directors justified
March
107,820
$681,242
solution of the system as top
corporation
On
$1,273,007
483,495
71,278
International Hydro-Electric System—Court
proved
1
■
\
$1,276,278
*502,724
71,280
SEC Dissolution Order—
has called for redemption
i'-
504,875
last.
40 cents;
Corp.—Debentures Galfed—
(R.) Hoe & Co., Inc.—Tenders
$1,200,389
divs.
for
non-cumulative
April
$436,000 of 12-year 5% sinking fund debentures due July 1, 1948
par
and interest.
Payment will be made at the Manufacturers
and Traders Trust Co., trustee, 284 Main St., Buffalo, N. Y.—V. 156,
p.
627.546
of 30 cents per shafe on the
stock, par $10, and on the common
stock, par $10, both payable July 1 to holders of record June 19.
Distributions of 40 cents each were made on both issues on Jan. 2 and
of
$2,662,078
706,297
The directors have declared a dividend
6 Vo
at
$6,303,451
2,676,064
923,869
157, p. 2251.
The
company
853,116
Inter-Mountain Telephone
'
'
Healey Petroleum
declared a dividend of 25 cents per share on the
common
stock, no par value, payable July 2 to holders of record
June 15.
A distribution of 50 cents was made on Jan. 2, last. Pay¬
ments in 1942 were as follows: Jan. 2, 50 cents; and July 2, 25 cents.
V.
$94,633
35,000
income
The
Goderich Elevator &
The
$5,717
2,917
157, p. 2150.
The
2150.
p.
$78,585
9,779
Interest * charges
4,223,290
4,591,250
3,877,347
1,326,869
8,796,362
374,250
908,742
$89,607
5,027
1
reserve
Gross
$3,341,822 $44,879,723 $38,715,812
1,354,071 16,249,780 17,729,974
1,248,977
General
Mos.—1942
$5,334
383
$7,174
2,917
net-
income,
Non-oper.
$6,607
567
revenue
oper.
89,077
950,797
charges
avail,
"965,063
taxes
deductions
Bal.
—V.
\
1,112,000
income____
Interest
Other
+>
-
$1,090,405
504,875
Cr5,489
local
and
Fed.
Net
1943—12 Mos,—1942
$601,810
$554,867
385,001
359,043
28,735
31,013
98,467
86,227
1943—Month—1942
$47,253
$43,943
29,791
28,246
2,159
3,317
,
8,696
7,047
Balance
Georgia Power
Co.—Earnings—
Haverhill Gas Light
..Period End. May 31—
Taxes
—
1 $274,422
1940
$2,753,670
$2,873,651
<
Oper.. jmaint.. &: retire^
ment or depreciation
All
Maintenance
Week Ended June 14
Period—
$349,287
$18,151
.
$3,153,202
revenues
1941
1942
$3,089,321
1943
12 Mos. Ended May 31—
Gross
'
"
'
_
157, p. 2348.
Operation
RR.—Earnings—
Georgia & Florida
.""
.
Indianapolis Water Co.—Earnings—
66,442
66,156 >
5,513
.
13.—V. 157, p. 604.
by the SEC have been postponed to July
$340,864
$415,443
$23,664
5,513
-
■
$533,171
192,307
$585,306
,.169,863
$36,762
13,098
$38,916
..
stock
pid.
on
J
that the
credit, as
Interest
commitment
unused
portions of the maximum
deducts..
other
&
Int.
$52,801
13,885
income
Gross
last year under the billion-dollar credit
October, 1942, it was reported June 21. , :
$100,000,000 borrowed under regulation V-loan credit
late
rowed
The
87 Vz
directors
cents
par
on
June
share
the usual quarterly dividend of
$3.50 prior preferred stock, payable
15 declared
on
the
July 21,
approval
1, 1943, to stockholders of record at the close of business
1943, such declaration and payment, however, being subject to
by order of"Uie Securities and Exchange Commission under the provi¬
sions of the Public Utility Holding Company Act of 1935. The transfer
books of the corporation will not close.—V. 157, p. 1650.
Aug
bonds
in
Int.
42,154
$33,624
$43,125
$35,886
12,619
13,723
<'$35,818
12,650
1,813
1,765
2,676
5,219
taxes
tion statement & pro-
$17,948
1
Profit before prov. for
:••'
for
$31,967
James J. Ronan in the Massachusetts Supreme Court on
appointed Stewart C. Woodworth, Boston, as temporary re¬
ceiver, on a bill in equity brought by Edward A. Bigelow of Win¬
chester, holder of $400 worth of mortgage certificates.
It was stated to the court that the balance sheet of the corporation
as
of Dec. 31, 1942, showed liabilities of about $1,000,000 and assets
312
$50,543
"$90,160
$21,257
$31,655
44,001
dividends
46,813
50,947
53,008
Sheet,
Balance
31, 1943
March
tEarnings
interest and dividends receivable,
$14 369; accounts receivable for securities sold, $83,326; investments,
$2,634,815; total, $3,Y64,514.
Liabilities—Accounts payable for securities purchased, $108,900; div¬
idend payable April 1, 1943, $44,001; other accounts payable and un¬
claimed dividends, $3,287; accrued taxes other than Federal income
taxes, $8,202;
reserve for contingencies, $20,000; common stock ($1
par), $216,789; treasury stock (40,367 shares), $40,367; capital surplus,
$1,819,976;
earned surplus,
$1,583,727; total, $3,764,514.—V. 157,
2349.
Southern Utilities Co. of
Iowa
$369,783
160,737
$4,623,103
2,091,477
§4,597,050
195,483
369,400
25,500
45,452
44,293
543,546
566,352
40,000
40,000
480,000
480,000
earnings-
$83,013
for
taxes
inc.
income
Interest
3,095
$1,187,223
$1,329,182
33,333
33,333
400,000
504,737
18,750
209,675
166,406
debt
Amort. & other deducts.
income
$533,560
$411,142
Engine Co.—Record Production—
The
announces
company
that
of
production
its
engines
aircraft
parts In May exceeded any previous month in its history.
This
applies, the announcement states, to both the production of
Jacobs Engines at the company's own plant and the production of
Pratt & Whitney engines at the new Government owned plant that
the company is operating.
Production of Jacobs engines and spare
and
1942
1941
1940
$2,354,979
$2.93
$2,554,152
*
* $3.11
$2,156,423
$2.58
fEarns. per sh.
com.
on
depreciation, Federal taxes, etc.
"After
equalled more
Ry.
oper.
revenues
Ry.
oper.
expenses
9,826,876
1,557,306
1,780,353
6,571,585
$1,245,605
Federal
$7,883,478
$4,922,323
600,000
425,000
3,050,000
805.000
185,000
115,000
817,000
547,000
taxes__
income
taxes
Other
Ry.
$1,017,039
$4,016,478
$3,570,323
226,829
188,829
inc.
Fed.
bef.
taxes
income
div.
stock
income
require.
$2,811,288
(net Dr)
rents
11,103
11,403
income
$222,673
$816,807
$2,769,259
Dn_
oper.
ry.
53,987
Kemsley
London,
Ltd.,
Newspapers,
England—New
Newspapers Ltd., on a preceding page of
under Allied
See
this issue.
Keystone Telephone Co. of Philadelphia—Sale of As¬
sets
Approved—
The
stockholders
offer
an
of
the
1942
June 22,
Telephone
at
a
Co.
special meeting, voted to accept
Pennsylvania to purchase the
of
physical properties of the Keystone company, subject to the approval
the Pennsylvania Public Utility Commission,
and to dissolve the
Keystone company if this approval is received.
At the same time, the
stockholders authorized surrendering the company's telegraph rights.
income
Net
income
stock
Preferred
Federal
before
income
dividend
taxes
This
marks
action
of the Federal
another step in the plan which received approval
Communications Commission last March, to consolidate
the Keystone
Telephone system and service with the Bell system.
consolidation/of the physical properties of the Keystone system
The
in New Jersey
before
for
the
withQhose
New
pf the New Jersey Bell Telephone Co. is now
Jersey-State
approval.—V.
54,407
$1.62
52,110
$2.02
requirement
share common stock
per
Note—Subject to final determination, an estimated amount has been
provided in respect to renegotiation for deliveries in 1943 on Govern¬
ment contracts based upon results of renegotiation for 1942.—V. 157,
p.
2152.
Lexington Telephone Co.—Annual Report—
Operating
Operating
Board
of
Public
Utility
Commissioners
157, p. 1363.
of
Period End. March 31—
Net
expenses
inc.
Federal
Fed.
$664,729
$2,652,068
$2,571,477
336,176
336,882
1,328,421
taxes
and
other
$179,547
63,026
deductions
Drl,970
$171,662
earnings
Interest
$181,517
£>rl,947
income
Net
86,133
52,100
profits tax_
42,600
49,345
40,854
171,501
71,595
$152,701
$151,515
$622,689
$669,662
9,788
9,352
$162,489
$160,867
income
income
oper.
Other, income
Gross
Int.
&
Net
Pfd.
income
other
—
deducts
income
stock
.
58,954
income
5.2%
6%
$108,636
—
$113,515
41,600
dividends
9,591
44,184
preferred dividends
Common
44,184
36.933
dividends
preferred
Dec. 31, 1942
Balance Sheet,
amount
of
$1,150,000.
$1,350,000
this
and
from
Bluffs
on
first
year
37,895
35,936
$660,585
$705,598
228,825
227,290
—
$103,535
$104,542
$431,760
$478,308
43,750
43,750
175,000
175,000
$256,760
$303,308
157, p.
Laclede
$59,785
$60,792
1461.
Steel Co.—35-Cent Distribution—
A
dividend of 35 cents per share has been declared on the common
stock, par $20, payable June 30 to holders of record June 22. This
well
as
debt
as
maturities,
of
the
$100,000
before
Co.
year,
the
bank
installment
companies
the
Gas Corp. received approximately
securities of Council Bluffs Gas Co.,
received as payment on the note of
Star
Lone
sale
plus
Gas
the
of
in
sale,
discharged.
were
total of $1,450,000, was
Short-term obligations
$700,000, outstanding at
Total debt reduction for the
or
a
notes.
loan
amount
the
of
$5,600,000.
was
The
the
amount,
subsidiary
total
$19,950,000
indebtedness
installment
in
the
of
at
System
loan
bank
Dec.
31
amounted -to
notes.
consolidated
total
of
stock equity represents 73.4%
The common
$74,940,000.
total.
Operating
Gas
•
Income Account
for
Calendar Years
1941
$27,691,059 $25,184,424
3,667,379
3,374,041
1,501,993
626,898
5,528,545
5,473,021
1,249,241
1,127,892
2,074,237
1,853,705
revenues
purchased
1
Royalties
Other
operating
expenses
'
Maintenance
Taxes
(other than Federal income taxes)
income
.
$13,669,664 $12,728,868
908,228
971,414
credits
$14,577,892 $13,700,281
income
Gross
Income
$14,007,213 $12,981,217
income
Net
3,376,614
331,744
excess
of
$4,910,760
profits
taxes
income
net
applicable
subsidiary
a
3,853,123
$1.06
minority
to
291
company
income
_
Dividends
Earnings per share
$5,810,976
$0.89
!_
taxes
1,650,317
3,299,592
income
1,849,054
3,435,351
—
Federal
3,386,460
284,118
1,952,744
Depreciation
Net
719,064
570,679
charges
capital stock
on
Consolidated
Balance
^
Sheet,
31,
Dec.
1942
investments, $89,774; special deposit,
warrants and accounts receivable
warrants and accounts, of $71,132),
$3,968,024; appliances, materials and supplies, etc., $1",709.460; pre¬
payments, $173,489; deferred debit items, $72,613; total, $127,985,313.
Assets—Property, $117,878,280;
$14,223;
(less
cash,
$4,079,451;
for
reserve
notes,
doubtful
notes,
no
par), $54,990,000;
stock, $14,223; deferred lia¬
banks, $2,300,000; accounts
payable, $1,239,209; customers' deposits, $2,478,226; accrued Federal
income
and
excess
profits taxes, $5,579,809; other accrued taxes,
$223,337; accrued interest on notes payable to banks, $67,146; accrued
interest on customers' deposits, etc., $533,435;
reserves, $41,575,256;
contributions in aid of construction, $357,540;
total, $127,985,313.—
stock
shares,
(5,499,000
stock scrip and preference
$18,627,132;
notes
payable to
bilities,
V.
157,
1461.
p.
Liabilities—5.2%
stock
common
preferred stock (par $100), $800,000;
no par), $650,000; long-term debt, $1,-
cumulative
(18,410
shares,
Period End. May 31—
Operating
Operating
Federal
Other
Assets—Telephone
plant,
$3,705,190;
miscellaneous
investments,
$1,450; cash in banks and on hand, $159,741;
accounts receivable,
$88,860; materials and supplies, $120,172; prepaid accounts and de¬
ferred charges, $84,899; total, $4,160,412,
800,000; accounts payable, $40,663; preferred stock dividends payable,
$10,400; advance billing and payments, $10,897; accrued general taxes,
$25,650;
accrued Federal
income taxes,
$63,790; accrued interest,
miscellaneous current liabilities, $49,946; reserves and de¬
$604,420;
contributions of telephone plant, $2,792;
capital surplus, $63,723; earned surplus, $22,380; total, $4,160,412.—
V. 157, p. 2152.
credits,
of
sales,
who
has
merchandising
recently elected
expenses
taxes
_
taxes
and
advertising.
Net
Other
569
years
Mr.
Dividends appllc. to
—V.
157,
p.
assistant
to
stk.
1941
1940
$698,301
$865,405
$666,879
$661,677
189,539
189,539
189,539
$3.68
$4.56
$3.51
189,539
$3.39
outstand.
after
"After
deduction
of
the
10%
post-war
credit,
was
$1,197,659.
1942, Federal normal tax
profits tax was $768,673.—V. 157, p. 1847.
was
956,270
$61,058
$1,360,698
356,532
$1,042,888
356,532
$686,356
pref. stock for the period—
Light Corp.—Earnings—
including total
1942.—V. 157, p. 166.
charges,
For
taxes
1942
1943
,
j
all
$107,874
of $169,583 for
County Gas & Electric Corp.—Bonds
for
the
$445,884 And
will
of
be
Insurances
Chestnut
called for redemption as
been
have
$108,000
Payment
depreciation, Federal taxes
12 months ended Mar. 31,
excess
949,481
profit
tional
(including excess profits taxes in
1943, 1942 and 1941) and other deductions.
The provision for Federal normal income tax and surtax for the
12 months ended Mar. 31, 1943, was $307,141, and excess profits tax,
"After
"Net
There
(& Subs.)—Earnings1Q49
Earnings per share-
79,024
$149,684
1943 »and
Mr.
1943
profit
com.
been
$1,999,158
80,458
2252.
Luzerne
12 Mos. End. Mar. 31
*Net
has
$2,310,179
Balance
157, p. 2044.
Lily-Tulip Cup Corp.
Shs.
Bridges
24,838
$140,082
deducs
etc.,
income
Net
946,788
$1,986,857
12,301
(net)
income
Interest,
1,265,680
$2,285,341
$71,760
income
Gross
78,731
$152,218
revenues
$139,902
180
$1,004,166
oper.
$221,919 for
past' three
James.—V.
112,628
$151,649
Prop, retire, res. approp.
3 Mos. Ended March 31—
Vice-President in charge
He succeeds Roy L. James
as
retired.
the
For
Bridges was
1943—Month—1942
1943—12 Mos.—1942
$869,276
$861,010 $10,710,622 $10,560,443
454,521
461,450
5,479,045
5,760.032
*86,451
121,796
910,269
1,172,358
64,027
59,131
770,287
694,408
revenues
Lowell Electric
Charles S.
202.986
dividends
Balance
—V.
56,325
.
obligations,
66,032
Libby, McNeill & Libby—New Vice-President—
(net)—..
.
interest
Louisiana Power & Light Co.—Earnings—
306,754
taxes—
320,579
208,878
of
fully discharged during the year.
Two regular semi-annual
payments in the total amount of $2,300,000 were made on the install¬
ment bank loan notes.
One note, due in 1951, was prepaid in the
1,320,480
80,941
excess
excess
Net
—
than Fed.
profits
other
&
1943—12 Mos.—1942
$664,519
expenses
Operating
Taxes,
1943—3 Mos.—1942
—
stockholders
were
Liabilities—Capital
1941
$810,055
628,538
$173,609
and
income
operating
ferred
revenues
Operating
is dis¬
Utility
Lone Star
operating company instead
Star Gas Corp.
Lone
holding company.
a
Financial—All
$15,750;
Superior District Power Co.— -Earnings—
Lake
when
unredeemed
1942
$847,044
673,435
revenues
of
~
and
If
date.
Company Act of 1935, and the
Gas Corp: will then own the stock of an
Holding
stock of
$14,784,417 $10,081,940
2,390,032
2,014,967
960,116
782,037
sales
Net
Net
on
Bell
early
an
Portion
Earnings for the Five Months Ended May 31«
Other
Name—
at
the System companies will not be subject to the- Public
Federal
$4.97
$4.78
$0.35
$0.43
Calendar Years—
Net
posed dissolution of Lone Star Gas Corp. will be submitted to its stock¬
Depletion
share
per
stock
common
705,047
1,199,643
47,576
(net
rents
facil.
$460,605
income
oper.
Equip,
Jt.
$1,557,039
common
(& Subs.)—Earnings—
$2,885,002
sales
Net
Net
Net rev. from ry. oper.
is proposed that Lone
it
reorganization,
a
1942
the man¬
1943—Month—1942
1943—12 Mos.—1942
$2,366,609 $34,762,585 $23,627,121
417,488
437,696
5,779,666
6,449,215
204,967
169,876
2,275,680
2,367,296
10,348
10,811
126,916
132,786
Period End. May 31—
Net
Net
1943—Month—1942
1943—5 Mos.—1942
$3,025,958 $3,114,345 $17,710,354 $11,493,908
the
complete
Corp.
as
Other
Net
Southern Ry—Earnings—
to
dissolve and distribute, share for share to its stock¬
liquidating dividend, the 5,499,000 shares
($10 par)
stock of Lone Star Gas Co. which is its only asset.
The pro¬
Gas
holders
a
1943
City
order
Star
Amended—
LeTourneau, Inc.
G.)
(R.
authorized the listing of 618,546
outstanding shares of capital stock, (par $1).—V. 157, p. 1181.
Kansas
.
plants located in Galveston and El Paso, Texas.
SEC found that these
properties could not be retained by tjie System consistently with the
geographical integration requirements of section 11(b)' of the Act,
and ordered the System to dispose of them!!
All other properties and
business will be retained in the System.
-
Operating income
The New York Curb Exchange has
Period End. May 31—
and recycling plants
the System.
Substantially all of the gas produced and processed
by Lone Star Producing,Co. is sold to Lone Star Gas Co.
It will be necessary for the System to dispose of the gas distributing
the
1943, from a percentage of net profits, to a fixed
annual fee of $125,000, payable quarterly.
Of the 1,441,716 shares represented at the meeting, over 99% voted
in favor of the amendment of the contract.—V. 157, p. 2349.
Net
New York Curb—
on
also owns all of the outstanding securities
Co., which owns and operates - all leases,
Producing
of
of
July 1,
Pfd.
j Listing
Star
Lone
or
agement contract between the corporation and Lehman Brothers. Under
the amended contract, the basis of management compensation will be
on
stock interest
production system property, field gasoline plants,
1417.
spare
parts at the company's own plant alone for the month
than eight full years' average pre-war production.
of
ended Mar. 31
approved the amendment of
17
June
30%
Corp.
remaining assets of the
All of the
operates the gathering, transmission and distributing
System, and the main line natural gasoline recovery
the
of
Comparative
stockholders on
The
1942.
28,
distributed by Lone Star Gas
was
dividend.
a
capitalization of the System at Dec. 31 consisted
of $54,990,000 of common stock and $19,950,000 of bank loan notes,
1943 and. $2,362,977 in 1942.—V. 156, p.
Lehman Corp.—Contract
Co.
Gas
as
Lone Star Gas Co.
The
(par $25) of common stock.
Federal taxes for the 12 months
726,284 shares
Note—Provision for
amounted to $4,332,630 in
an¬
stockholders of Lone Star Gas
plan of
1942,
Dec.
interests on
and
owns
plants.
the
1943
profit
Report—The 1942
System are now vested in two new Texas corporations—Lone Star Gas
Co. and Lone Star Producing Co.
Lone Star Gas Co., all of the stock of which is held by corpora¬
of
$1,718,879
$2:05
12 Mos. End. Mar. 31—
"Net
17,
Dec.
Natural
stockholders
Council
changed
Jacobs Aircraft
private
its
applied
The
$31,400
June
on
Lehigh Portland Cement Co.—Earnings—
37,649
157, p. 2349.
to
Northern
solved,
Managers
has been elected a director.-r-
of Lone Star Gas Corp.'s Holding Company System,
which had been previously approved by SEC acting under section 11 of
the Public Utility Holding Company Act of 1935.
With the exception of the dissolution of Lone Star Gas Corp., all
major features 6f the reorganization were consummated Dec. 31, 1942.
The common stock and indebtedness of Council Bluffs Gas Co. were
holders
2349.
p.
+On
$22,938
———
fOn
reserves.
24 declared an interim dividend
di 40 cents per share, the largest first half-year payment since 1932
The dividend is payable July 26 to holders of record July 3, and, in¬
volves an outlay of $771,651.
Last year thfe company paid dividends
of 25 cents in July and' 40 cents in December.
Robert V. White, President, stated that for the first five months
of 1943 coal production from the company's properties was up 48%
over
1942, the latter year's production representing an increase of
56% over 1938.
Five months' traffic of the wholly-owned Lehigh and
New
England Railroad Company was up 23%
over 1942.—V. 157,
of
Board
The
13.1,509
'$95,679
and
depreciation, depletion
stock (no par).
Dividend—
40c.
159,375
15,311
*
funded
Interest on other
K
$98,795
13,841
\
mtge. bonds
on
3,116
$86,109
%
earnings-
net
Total
Net
$1,291,533*
$1,148,680
38,543
15,996
Net oper.
taxes,
interest,
$313,640
$0.16
since.
offers the following;
Reorganization—On
In
1940
.
$1,437,147
$0.74
1,938,491
retirements-
taxes
Prov.
share—
per
"After
1941
1942
$1,408,872
$0.73
$2,216,467
$1.15
—
1,929,127 shares of capital
320,675
maint
29,075
Other
—V.
1943—12 Mos.^-1942
$389,448
earnings—
oper,
exp &
State & Fed.
Delaware—Earnings—
1943—Month—1942
Period End. March 31—
Oper.
profit
Co. (& Subs.)—Earnings—
1943
12 Mos. End. Mar. 31—
4Net
Assets—Cash in banks, $1,032,004;
Other
to certificate
possibly $500,000, and that the amount distributable
might be about $100,000.—V. 136, p. 1896.
holders
Lehigh Coal & Navigation
the 3 mos.
March 31—
for
ending
Gross
16
June
cents
10
reorganization
facilities
Mortgage^Tnvestment Corp.—Receiver—
expenses
Profit
p.
1943 and
none
Vice-President,
Corp.—Annual
Gas
Star
to
§122,289
§88,700
total taxes of $156,137 for
156, p. 2133.
including
charges,
all
last;
15.
of
2)
(No.
payable July 15 to
of 10 cents per
stock,
distribution
initial
2225.
in
1942
1943
Jan.
on
dividend
a
common
An
6.
Corp., at a special meeting called for that purpose, approved a
sold
Co.—Earnings—
Gas & Electric
July
Fredericks,
F.
p.
Lone
tion,
of
400
tax
come
Interest
Cash
..
$21,657
"$90,160
$50,543
tax—
Fed. in¬
income
Fed.
Provision
Crl4,019
Cr3,041
117,963
Cr31,609
in, first,.out"__
"first
105,954
Judge
this company,
to
cost
187,404
March 31—
Lawyers'
of
basis
the
92,194
$237,144
profit
'•"After
$18,EI6
$27,803
$18,934
Balance
—
$185,719 for 1942.—V.
Loss from sale of secur¬
on
124,870
$276,745
255.
p.
Lawrence
*Net
^871
938
457
f£fspectus, etc.
ities
157,
3 Mos. Ended
registra¬
Exps. of filing
132,127
expenditures
Capital
—V.
$568,891
239,552
$714,556
312,941
$139,153
324,985
Estimated net profit
Federal cap. stock tax &
made
was
156,
$579,875
10.98*
deferred devel, &
for deprec. &
depletion
——
miscell.
Oper.
Res.
12,421
Total
$737,954
23,398
$622,922
351,642
production revenue
& admin, costs
Net
$35,818
521
Expenses
92.737
V.
outstanding
record
of
George
110,824
90,531
$634,615
11,693
No. 2—New Director-—-
declared
23
June
on
the
on
nual report
35,553
(principal recov¬
in prior
years)
ered
J-
$333
33,174
share
per
share
1942
1943
March 31—
production (grqas)
charges
Metal
in closed
depos.
on
bank
$450
invest¬
stocks,—-
In
ments
$450
directors
The
Ltd.—Earnings-
La Luz Mines,
Marketing
'
_—_.
from
Dividends
1940
1941
1942
1943
End. Mar. 31—
on investments
3 Mcs.
Interest
31, 25 cents; June
holders
Quarters Ended
Tons ore milled
Investment Co. of America—Earnings—
30^and Sept. 30, 35 cents
year-end of 80 cents.—V. 157, p. 1084.
18, a
and Dec.
each;
Loft Candy Corp^—Div.
Payments in 1942
paid on March 31, last.
compares with 25 cents
were as follows:
March
Monday, June 28, 1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
2450
Sts.,
made
Lives
on
of
&
Forbes
June
on
Called
an
addi¬
156,
p.
2253.
Co.—35-Cent
17 declared
a
dividend
Common
of 35
Div.
cents per share
stock, par $10, and the regular quarterly divdend of
the preferred stock, par $100, both payable July 15 to holders
the common
\Vzr/o
On
directors
of July 1, 1943,
bonds
Philadelphia, Pa.—V.
MacAndrews
The
on
at
3'/4%
c^e 1966 at 104% and int.
the office of The Pennsylvania Company
& Granting Annuities,
trustee, 15th and
1st mtge.
on
record
Jan.
June
15,
30.
1943,
a
Like
amounts
were
disbursed
on
April
15,
last.
distribution of 60 cents per share was made
on
'*£1
u
:;vr/n;;:
ihe
stock,
common
on
1942: Jan. 15,
cents; July 15, 35
during
40
announced
was
share
per
of
on
June 21.
Jan. 1, 1941, it was stated.
distribution of $4.50 per share
A
25
income
of
that
for
period
31? 1942, earnings
still
5, 1943.—V. 157,
subject
$434,694,
only
to
pending, Mr. Hamlin states.—V.
declared on the common stock,
value, payable Jurtfe 28 to holders of record June 21.
A like
was paid on July 1,
1942, and 1941.—V. 154, p. 658.
of $1
A dividend
no
'
par
amount
share has been
per
Operating
inc.
$4,129,431
Provision
398,008
305,122
retirement
for
General
taxes
Federal
♦Federal
Charge
Federal
of
lieu
in
^-profits/ taxes
109,848
114,867
lieu
and excess
55,343
17,506
$390,487
Mr.
and
$84,377
$93,780
$375,956
(riet)
168
1,113
2,673
$94,893
$378,628
$395,107
52,336
63,780
220,995
256,718
income
Int.
deducts.—
other
&
—
151,128
$748,795
297,979
$838,435
302,171
* 3,758
3,181
14,283
—V
156,
earnings
Net
Interest
long-terrif debt
on
interest
General
_
charged to construction
Interest
3,064
304
rl
i—
(Cr) _—*
i_—
—
deductions
Miscellaneous
Int.
Net
630,256
$5
i.__—L__—_ —.*i—-
dividends
161,530
^
—
figures
comparative
Note—No
Petroleum
Mid-Continent
Quarter Ended March 31—
1,490,363
5,559,864
$2,349,885
$3,104,968
$1,241,790
398,323
89,605
163,164
$2,748,208
$3,194,573
$1,404,953
747,301
797,918
727 773
258,420
170,497
152,551
615,000
♦550,000
$1,127,487
$1,676,157
$524,629
$0.61
credits
income
$0.90
$0.28
(net).
Depreciation and depletion
surrendered
Leaseholds
aband.
&
Prov. for Fed. & State income taxes
Products, Inc.—Pays
Per share
10-Cent Dividend—
declared a dividend of 10 cents per
on
the common stock, par $1, payable June 21 to holders of
June
16.
This compares with 15 cents each paid on Sept.
Dec. 1, last.—V. 149, p. 735.
recently
♦Based
share
record
1 and
common
on
1941
on
157,
liabilities were
Federal
respectively, on March 31, 1942.—V. 157, p.
$740,429
$474,681
20,693
20,693
248,316
249,898
$11,361
$492,113
$224,783
stock
2351.
p.
revenues
expenses
taxes
Net
—
80,000
68,333
$98,490
$1,703,307
58
$104,238
30
695
847
$98,548
$104,268
$1,704,002
$1,453,806
Other income
Income
Gross
Interest,
Net
1943—12 Mos.—1942
$9,288,981 $8,952,197
5,230,274
5,373,129
695,571
537,562
801,495
>■; 780,215
858,334
808,332
41,999
47,590
77,259
54,732
—
revenues
oper.
Co.—Earnings—
1943—Month—1942
$719,200
$653,479
408,719
391,319
31—
taxes
Other
deducts.-
etc.,
79,616 '
78,747
•
913,656
•
.
declared a dividend of 75 cents per share
and a regular quarterly dividend of
have
directors
The
Statement for
Income
2350.
403,608
403,608
$130,110
'
Report—
Calendar Years
1942
•
157,
shares.—V.
Marking
Masonite Corp.—Earnings—
Period Ended May 31,
3 Months
1943—
Sales
Profit
and
taxes
before
State
Federal
and reserve
income and
—
Net
$244,320
$0.38
profit
Earnings
share.
common
per
3,112,149
300,000
the
$847,750
$1.35
of
Net
to
fill
157,
Yawkey.—V.
and General Manager of the
been elected to the
the recent death of
Montanaboard of
Cyrus C.
Earnings—
Second Fund, Inc.—Quarterly
r
income tax
1,464,717
$2,767,163
453,593
$2,313,569
154,517
147,365
$4,138,951
167,763
$2,460,934
16,757
$3,971,188
charges
fixed
before
$2,444,177
60,072
55,446
$3,911,117
$2*388,731
6,544,712
6,551,367
$2,633,595
$4,162,636
charges
fixed
Other
charges
to
P. & L
Balance
Sheet,
Dec.
Statement
of
losses on securities)T_
Net Assets, May
Assets—Income-producing securities,
$
$
147,495,841
5,672,712
160,170
103,067
318,991
Cash
Cash
par
value
capital
stock
106,098
Traffic
cents
$9,181,972; non-income-procluc-
assets
Earnings for 9
Profit
after charges,
Reserve
«"•
♦Net
Manufacturing Co.—EarningsMonths Ended May 31, 1943
inch conting. res. for contr. renegot._
and excess profits taxes
for Federal income
profit
—
overall profit renegotiation.
Vice-President Lot M. Hamlin states
a
$343,680
stock
stock
Preferred
in
Grants
aid
25,206,800
12,603,400
612,654
.
±
a-
construction
of
—
notes, etc., and interest
Equipment obligations and interest
Audited accounts and wages payable
Bonds,
Miscellaneous
accounts payable
Unmatured rents'accrued
Receiver of Wisconsin
Provision toi taxes
Other
6
1
*
—
liabilities
a—
—
162,247,207 157,896,845
„
—
165,014,521 158,936,303
2,475,035
3,034,099
2,231,368
2,279,685
160,702
76,276
4,837
4,887
637,174
356,332
958,614
858,744
230,354
150,234
200,519
187,606
1,007,849
449,203
Dr49,096,669Dr46,85.9,377
J
Surplus
25,206,800
12,603,409
612,654
.
Central Ry.
current liabilities
Deferred
-V.
*
157, p. 2152.
mon
dividend
stock,
of
cents
payable July
25,055,271
20,830,005
road,
in
equipment,
cash
deposits
Temporary
Special
fr 1941
$
$
661,651,900 667,477,458
35,334,381 21,499,694
Net
etc
investments—!
27,000,000
9,426,440
797,903
car
Material
supplies
and
receivable
dividends
and
Interest
receivable..
accounts
Miscellaneous
assets
current
—
158,862
1,516,148
5,135,790
10,635,124
146,671
20,345
1,408,524
2,029,829
Cr380,518
1,922,681
11,102,133
12,162,439
142,691
102,478
assets
Deferred
Unadjusted debits
760,798,677 725,604,837
Total
J
-L-
Liabilities—
stock
stock
Preferred
construction
in aid of
Grants
term debt
accounts and
Audited
Deferred
payable
—
liabilities
credits
Unadjusted
82,839,500 82,839,500
71,800,100 71,800,100
732,371 > 678,576
431,897,617 434,138,584
wages
accounts payable
Interest matured
unpaid
Dividends matured unpaid—
Unmatured
interest
accrued—,
Unmatured rents accrued
Accrued tax liability
Other current liabilities
.
————
through income and surp.
surplus not specifically invested
and loss, deficit
1
8,331,184
7,768,006
501,681
446,557
3,833,428
2,766,951
206,462
206,462
463,350
478,297
339,534
321,058
15,690,720
3,803.523
998.768
439.343
156,396,933 150,424,684
66,256,736
1,629,300
Additions to property
492,500
Appropriated
Profit
3,000,000
12,578,392
1,536,149
service balances
balance receiv. from agents and conductors
and
Traffic
4,225,266
Sheet, Dec. 31
I
81,611,507
59,701,178
1,621,675
447,400
92,277,056
760,798,677 725,604,837
Total
Hearing Continued—
Judge
tinuing to July
George H. Moore on June 17 entered an order con¬
16 the hearing to determine whether the present olan
reorganization shall be approved or returned to
merce
Commission for revision.—V. 157, p. 2153.
Mohawk Liqueur
The
Supply Co.—30-Cent Dividend—
per share has been declared on the com¬
15 to holders of record July 3. This com-
directors
payable July
made
was
on
have
the Interstate Com¬
Corp.—Resumes Dividend—
declared
distribution of
five cents per share,
1 to stockholders of record June 15.
A similar
July 15, 1937; none since*—1V. 145, p. 285.
payment
Co.—New Directorconnected with the Liberty Mutual Insur¬
ance Co., has become a member of the staff of the Monsanto Chemical
Co. as director of the safety and plant protection section of the depart¬
ment of industrial relations, reporting to James W. Irwin, Assistant
Monsanto Chemical
Harry W.
to
the
Lundin, formerly
President.—V.
157, p.
States
Mountain
1847.
Telephone
^
&
Telegraph Co.—Div-
per share has been declared on the common
payable July 15 to holders of record June 30. A
similar distribution was made on April 15, last.
Previously, the com¬
pany paid regular quarterly dividends of $1.75 per share on this issue.
—V.' 157, p. 2254.
" —
A
30
51,505,519
2,133,888
30,649,668
to profit and loss
Assets—
dividend
stock,
Midwest Piping &
25,167,617
112,346
169,283
Liabilities—
A
that no comparison can be
transferred
income
of
Common
23,033,729
20,855,851
Cash
793,392
162,247,207 157,896,845
-
-
^—
charges
443
170,855
Total
income
for fixed charges.
available
Investments
15,033
1,544,000
♦Subject to
Fixed
from
deductions
Miscellaneous
Federal
Total
$1,887,680
2,574,361
483
60,259
1,188,617
Unadjusted credits
McCord Radiator &
544,102
2,965,664
receivable-
debits
Unadjusted
345,548
906,475
assets
Deferred
521'
76,445
467,825
balances-
—
dividends
cufirent
Other
last, and 28 cents on Jan. 20, 1943.
20, 40 cents; April 20, 18
cents.—V. 157, p. 1182.
supplies
and
366,713
receivable-
accounts
and
Interest
share for 952,218% shares of $1
(exclusive of 172,201% shares in treasury)
$9,529,561.—V. 157, p. 1946.
Payments in 1942 were as follows: Jan.
July 20, 24 cents; and Oct. 20, 19
conductors'
Material
dividends payable, $76,175.
cents;
and
bills
Miscellaneous
31, 1943],
paid on April 20,
and
432
receivable
car-service balances.
Agents'
31, 1943
Trust—22-Cent Distribution—
The trustees have declared a distribution of 22 cents per share,
payable July 20 to stockholders of record June 30.
This compares
17
—
deposits
and
Loans
Massachusetts Investors
with
;
transit
in
Special
deposit, $316,257; dividends
from brokers for securities
sold (in
process of delivery),
$257,489; receivable for capital stock
sold (in process of delivery), $8,767; total, $9,938,792.
Liabilities—Accrued expenses, $1,495; accrued Federal income tax,
$19,922; other accrued taxes, $3,601; payable to brokers for securities
purchased (not yet received), $297,793; payable for capital stock
outstanding at May
investments
Total
ing securities, $124,237; cash on demand
and interest payable, $50,069; receivable
reacquired (not yet received), $10,246;
Net assets [equivalent to $10.01 per
1941
1942
150,635,665
5,004,858
Assets—
(exclusive of profits or
income
Miscellaneous
31
3,537
—
$85,897
N0te—The number of shares outstanding May 31, 1943, was 952,218
shares, compared to 897,932 shares May 31, 1942.
The market value
of the net assets has also shown substantial increase; as of May 31,
1943.
net assets were $9,529,561, or $10.01 per share, compared to
$6,150,365, or $6.85 per share on May 31, 1942.
income
Net
Total
1—
49,309,302
2,340,893
51,650,195
144,676
income
Other
27,678,889
Dr9,552,172 Dr4,645,160
railway operating income
Long
transferred
deficit
Net
10,843
Expenses
"
Net
7,619,896
58,861,474
income
rents
Net
Common
$100,277
Provision for Federal
$4,231,880
$3,984,434
Balance
$99,833
44^
income
Total
Income
operating
Railway
35,298,785
18,452,271
—_
1942
$4,071,614
87,180
income
77,313,744
operations
General Balance
1,569,512
income
railway
taxes
1941
$5,641,126
income
Railway
Net
3f
$22,718,022 $19,731,911
17u;076,896 15,500,031
operations
railway
expenses
from
revenue
Income
Reorganiza¬
1943
Income—dividends
Interest
Ended Dec;
miscellaneous deductions
Fixed
Months Ended May 31,
Years
payable
other
Total
for Three
nominations.
corporation.
Net
Other
,
Earnings
new
railway operating income
Net
Total
Massachusetts Investors
Account,
a
accruals
tax
rents
Total
2152.
p.
set up
revenues
from
revenue
Railway
Net
Co., Minneapolis, has
the vacancy caused by
Utilities
voted approval of the plan.
Railway operating expenses ;
Railway operating
Heskett, Vice-President
M.
directors
operating
Railway
May 31,
New Directors—
Dakota
Railway
1941
178,424,499 111,900,737
101,110,755 76,601,953
revenues
in
1942
governmental reports.
1: R.
will
then
managers
Income
states that no
ended
period
same
step
Judge Nordbye will approve or disapprove
tion
comparative figures are available
1942, because, effective Sent. 1.
1942, the corporation discontinued the practice of maintaining books
and records on the basis of 13 accounting periods per year and re¬
verted to the basis of 12 calendar months to facilitate preparation
Note—The company
for
legal
bondholders last spring
classes of
All
1,076,449
107,000
contingencies
for
$4,822,303 $13,926,241
1,427,769
4,259,899
profits
excess
taxes
Reserve
9 Months
final
Nordbye of the Minneapolis Federal
Gunnar H.
1182.
p.
th<^
reorganization of the road, Judge
District Court on June
20 issued a
formal order approving the plan submitted by trustees
George W. Webster and Joseph Chapman on March 19,
1941.
The
plan had been approved by the Interstate Commerce Commission on
June 17, 1942, and by the. Federal Court, as to general provisions on
Nov. 13, 1942.
:
" ' *'
Three
principal groups of Soo Line bondholders, insurance com¬
panies, mutual savings banks and Canadian Pacific Ry., were given
ten
days in which to submit nominations for three reorganization
managers,
one
to represent each group.
The three groups among
them
hold 51%
of Soo first consolidated mortgage bonds, 42%
of
second mortgage bonds and 77%
of first refunding mortgage bonds.
75
cents per share on the 6%
cumul. preferred stock, par $50, both pay¬
able July 1 to holders of record June 18.
Distributions of $1.50 each
were made on this issue on April
1, last, and on April 1, July 1 and
Oct.
1.
1942, while on Dec. 30,
1942. $3 per share was disbursed.
The current dividends will wipe out
all arrearages on the preferred
operating
operating
Railway
V
$
Sault Ste. Marie Ry.—Re-
>rganization Approved by Court—
on
accumulations
of
account
&
:
$533,718
2253.
157, p
Missouri Pacific RR.—Annual
-
Paul
St.
Minneapolis,
Accrued Dividend—
920,088
.
$386,738
pfd. stock for the period
!
■
Martel Mills Corp.—Pays
.
$1,452,959
$790,346
$24,652
$19,801
income
Balance
—V.
March 31,
of
288,110
$32,054
Prop, retire, res. approp.
rates.
as
22,734
$61,798
Dividends applicable to
1943, were $38,526,239 and current
$6,777,376, as compared with $31,312,265 and $4,442,290,
assets
Current
23,134
$837,006
362,325
$41,105
Operating
\ Operating
1,441,879
Other
-
$1,028,539
Mississippi Power & Light
$8,243,532
$17,071,481.—V. 157, p. 2152.
directors
1941
1942
1,352,731
469,216
$54,788
$84,932
deducts.—
pfd.
on
—V.
in
change
Subs.)— ■Earnings
1943
f
preferred stock
Marsh Wall
the
of
Selling and gen. & admin, expense-
(cumulative) (32,306 shares, no par),
$3,230,600; common stock (par $5), $1,650,000; long-term debt, $8,453,125; eight-year 2"%% promissory notes, maturing within one year,
$78,125; accounts payable, $109,159; accrued general taxes, $132,701;
accrued Federal
income and excess profits taxes, $512,566; accrued
interest, $135,469;
consumers' deposits, $52,294; other current and
accrued liabilities, $18,776; reserves and deferred credits, $1,602,705;
contributions for extensions, $63,792; earned surplus, $1,032,164; total,
The
to
sales, less returns and allow, $10,280,059 $11,045,270
sales--—
6,577,444
6,449,939
Gross
Cost
(&
Corp.
397,000
527,983
276,105
,
profits taxes
Period End. May
total, $17,071,481.
Liabilities—$5
v
due
available
are
—
taxes—
Balance
157, p. 2253.
company's fiscal, year.—V.
property, rights, franchises, etc., $15,273,915;
fund
accounts,
$43,289; deferred charges and
Assets—Plant,
$338,867;
shares
common
Earnings per share
invest¬
ments
and
prepaid
accounts, $77,546;
cash and working funds, $355,297; special cash
deposits, $10,174; U. S. Treasury tax notes, including accrued interest,
$542,525;
accounts
receivable,
$429,867; materials and supplies,
/
$241,314
127,335
$1.90
profit
Outstanding
173,250 x
99,000
retirement.
Balance-Sheet, Dec. 31, 1942
v.'
'
'
Net
allowed for debt
$23,761
of
credit
"Less
•
161,530
preferred .dividends
Common
$543,608
$447,448
:
62,333
income
Divs.
1—
income
Net
•
2,124,315
125,042
439,500
574,837
322,722
income
other
&
$4,162,408
2,196,787
$871,570
charges but before taxes
.1
and excess profits taxes
for Federal income
Reserve
$5,031,601
205,859
36,000
—...
income
Gross
Earnings for the Nine Months Ended April 30, 1943
after all
Profit
$358,980
188,302
37,500
depreciation-
taxes
Federal
Micromatic Hone Corp.—Earnings—
$435,776
expenses
for
1943—12 Mos.—1942
1943—Month—1942
revenue
General
2226.
p.
engineering
production.
be Vice-President in charge of
be Vice-President in charge of
newly created.—V. 157, p. 1946.
are
Fed. excess
;
will
Goldstrohm
Operating
$137,388
$157,633
$31,112
$32,209
income
and Paul L. Goldstrohm as
Co., a subsidiary, was an.
Mississippi Power Co.—Earnings—
Gross
Prov.
Net
Instrument
Brown
will
Muschamp
Mr.
Both posts
4,620
$84,545
the
Period End May 31—
237,900
101,584
of
Muschamp
M.
George
of
Appointment
59,018
70,996
income
oper.
income
Gross
—
——_
6,126
17,506
;
after post-war refund credit of $1,-
nounced on June 23.
inc.
,
213,848
—
income
of
Other
—
profits taxes
excess
1,021,542
27,767
taxes—
Net
207,580
294,465
taxes
income
income
283,772
reserve
247,343
28,600
30,500
Vice-Presidents
in
1,710,283
-
Maintenance
253,085
profits
■>.
—
ment Names Two New
$1,592,590
1,010,712
profits
taxes
$3,827,106
1,810,976
223,913
430,729
Operation
$1,633,685
Fed.
than
excess
Charge
1941
1942
earnings
Gross
&
Federal
Co.—Annual Report-
Marion-Reserve Power
calendar Years—
$392,521
expenses
other
Taxes,
8396,562
revenues
1941
$3,732,620
$6.22
Minneapolis-Honeywell Regulator Co.—Brown Instru¬
Vice-Presidents— "
1943—12 Mos.—1942
1943—3 Mos.—1942
Period End. March 31
Operating
1942
-and State income taxes of $14,498,600, including $13,»
After Federal
026,600 for excess profits taxes,
447,400.—V. 157, p. 2152.
157, p. 1182.
Michigan Gas & Electric Co.—Earnings-
Manischewitz Co.—$1 Distribution—
(B.)
share--—__
charges, Including provision for Income and excess
all
taxes.
♦
'
$3,007,492
$5.01
1943
t$3,730,218
$6.22
—
per common
♦After
to $280,195.
These provisions likewise
for the fiscal year ended Aug. 31, 1942,
renegotiation of overall profits, which,'is
reduced the company's earnings
to
profit
Earnings
reduced
were
Feb. 18, and
Jan.
12 Mos. Ended March 31—
reported net
the
higher tax rates to
$436,568 for the nine months ended May
the
applying
that
cents paid on April 15, last, 35 cent3 on
15.
See also—V. 157, p. 1183.
15
on
Mid vale Co. (& Sub.)—Earnings—
earnings
its
to
cents
♦Net
He,, shows
made on this issue on
was also
them
apply
to
with
pares
period a year
sufficiently definite to enable the
as reported in the annual
the provisions of this bill were
company
2451
report.
This will clear up all arrearages
compared with $3 per share on Feb.
April 1, last,
p.
2152.
'*1 •
CHRONICLE
company's reported earnings for the like
the
"*
as the Federal tax bill was not then enacted.
Before completion
the company's audit, for the fiscal year ended last Aug. 31, how¬
ever,
to
up
with
made
ago
that the directors have declared a
the prior preference stock,' payable
23
June
on
't
-V,n!
Vj ?. :ir >*"
•'IA ' '
THE COMMERCIAL & FINANCIAL
Co.—To Pay $4.50 Dividend—
to holders of record
July 1
v
$4.50
of
dividend
I'j.'.'V')3v« • y! vvv
which issue the following dividends were paid
50 cents regular and 25 cents extra; Apnl 15,
cents; and Oct. 15. 30 cents.—V. lip, p. 1462.
Maine Central RR.
It
''
;
Number 4189
157
Volume
•;* V-.
V:'■';V.
>
par
of
$100,
$1.50
profit
all
"After
total taxes
156, p. 2254.
4
including
charges,
$850,982 for 1942.—V.
Helicopterproduction of helicopters for the Army air foras will be
.by this corporation, G, W. Mason, President, announced
Corp.—To Build
Nash-Kelvinator
Quantity
undertaken
SSI
II
i
:
12.
June
on
division
aircraft
to aerial warfare,
helicopter as an auxiliary
long an advocate of the
Is engineering manager.
.
designs of the Sikoisky
of which Igor Sikorsky,
production will be from
of United Aircraft Corp.,
said
Mason
tne
number involved and the location of
built cannot be disclosed.
..
the
said
He
plant where they will be
Mr.
$613,699
$614,466
of $737,367 for 1943 and
___
,
also is producing 2,000 horsepower Pratt &Whitney
Hamilton standard variable pitch propellers, hydraulic
the
facilities of this company in the Adirondack Mountains,
New York, will be materially enlarged as the result of a building
construction contract awarded the Turner Construction Co., it was
recently stated.
The new facilities, which will cost
$1 500,000, will be financed and owned by the Defense Plant Corp.
and operated under lease agreement by National Lead Co.
.
These
properties were acquired in 1941 and last year
Lead Co.
constructed a new plant producing ilmenite concentrate
used for the manufacture of titanium pigments and magnetite as an
shares
approximately
National
(& Subs;)—Earnings1942—3 Mos.—1941
1942—12 Mos.—1941
$23,307,958 $22,344,183 $91.577,351 ?
\qai
1942—3 Mos.—1941
1942 12 Mos. 1941
Net
11,317,222
2,727,138
1,225,540
2,563,407
1,182,475
14,804,307
5,584,707m
approp.
1.946.343
1,639,565
6,848,124
revenues---
$6,304,393
res.
oper.
plants
6,429.046
(net)
17,420
$5,646,587 $21,110,870
14,393
62,875
$6,310,872
income
4,702
8,640
.
$23,375,403
57,032
charged
Int.
Balance
divs.
*Pfd.
9,436,553
1943.
Cr25,828
Cr251,100
Crl09,068
Cr75,486
public—
$4,103,771
1,378,434
$3,295,975 $11,983,292 $13,987,120
1,405,801
5,595,838
5,623,206
$2,725,337
to
$1,830,174
—-
$6,392,454
$8,363,914
applicable
to
minority
interests—
al
*Net
$5,749,419
$1,890,157
$2,468,189
equity
above)
$8,363,833
Total
div.dend
Expenses
disbursed
Federal
Other
Int.
dividend
a
12Vz
of
week
cents
have
per
been
holders
to
of
year
cubic
share and the usual quarterly
declared on the common stock,
record June 21.
Like amounts
on March 31, June and Sept.
-
fo
Electric
&
18
June
this
Association—Output—
reports electric output
Association
is an increase of 797,279 kwh., or 7.11%
11,213,707 kwh. for the corresponding week a
reported at 103,102,000 cubic feet, an increase of
or 12.35%
above production of 91,767,000 cubic
week a year ago.—V. 157, p. 2351.
Association
the number of kilowatt hours
reports
3.43%
New
67,549
29,997
36,652
188,650
29,058
532,476
Other
the
for
preceding
1,253,172
$4,441,022
operating revenue
represent¬
ing overprovision for Federal capital stock tax applicable to 9 months
1942.
ended Sept. 30,
Sheet
Dec.
$4,441,147
2,604,224
$4,015,868
2,454,125
69,931
65,828
164,460
971,324
160,000
592.538
$631,208
$743,377
77,911
10,393
2,812
Total
earnings
gross
(Federal, State and municipal)
Taxes
1941
$
$
Interest
Investment
banks—On
in
banks—Time
deposits—
Special deposits I——
Working funds
—
U.
S.
short-term
Notes
—
—
—
securities
Government
Other
—
securities
receivable
receivable
Accounts
—
———
Dividends receivable—Statutory
1,287,410
13,247,082
842,500
1,626,025
294,837
3,461,828
300,000
5,211
610,861
2,106,198
31,647
5,357,353
demand———
in
Cash
5,953,823
12,477,182
92,500
2,387.701
287,043
accounts
fund
and
Cash
7,172,933
Materials
Other
and accrued
assets.
*
assets
Contingent
408,349
46,262
19,918,043
a
debits
Capital stock expense
Reacquired securities
II
7,662,974
561,657
23,004,216
—
current
Deferred
193,076
1,183,266
40,836
__—
—
(contra)
;
Total
62,293
1
1,363,753
150,636
197,010,534 214,744,250
1191,296;000 224,853,450
3,891,695
3,331,940
v
—
declared
Dividends
Currently
Long-term
1,550,868
maturing long-term debt
debt called for redemption—
Matured long-term debt and interest—:—
Notes
495,681
Balance
—_
2,560,778
.
Public
2,714,472
326,474
and
credits
accrued
liabilities
325,806
343.518
Reserves
Contributions
aid
in
Contingent
liabilities
Undeclared
cum.
of
Capital surplus
542,659
5,237,110
58.571,583
150,636
86,251
on
pfd. stk. of subsid.—
———
excluding
Earned
surplus,
Earned
common
,
surplus—special
minority
interest
Total
-
\
in
court
the
at
9,422,248
15,729,793
.
paid
in
Commission's
for
ing
is
"While
of
based
the
its
prices
which
strict
accord
of
by
upon
included
court
for
rate
Communications
that
for
of
provision
with
Federal
a
this
property,
purposes
Commission
substi¬
Interstate
Com¬
for original cost account¬
property.
The proposed
FCC's original cost theories.
characterizes
report
who
Commissioners
the
value
statutory
making
the
fair
were
The
accounts.
utility
the
upon
the
the
system
certain
at
in
was
valuation
included
proposed
'unnecessary'
when
in
Federal
and
purchases
apparently
and
it,
accounting
own
how
system
passed
was
1929
for
its
made
were
accounting
company's plant.
Jan.
1, 1937, the
the
sales
presided
report
'fictitious'
as
the
at
repeatedly asserted that the only matter before them
of accounting.
hearings
the method
was
great deal of the plant involved is no longer in service and the
remaining constitutes less than 1% of the company's plant.
"Exceptions to the proposed report will be filed by the company and
amount
a
request
p.
made
before
argument
the Commission."—V.
157,
New York Title & Mtge. Co.—Distribution—
P.
Walker
series
Morrison,
B-K.
holders
first
which
June
30,
originally
interest
pointment in
Series B-K
covered
Manhattan
the
Joseph
170
and
declared
be
is
a
paid
trustees of
2%
a
their
to
forthcoming
the
trustees
by
interest
certificate
$13,000,000 mortgage issue
and properties located in
the
With
made
Leon Leighton,
have
to
mortgages
Bronx.
distributions
March,
and
certificates,
$239,438.40,
to
1943.
Brooklyn,
total
Lazarus
mortgage
amounting
on
distribution
since
their
ap¬
1936,
will amount to 28V2%, or $3,633,010.
The
trustees since their appointment have also made
principal distributions
aggregating 9%, amounting to $1,184,036.—V. 157, p. 1562.
of
have
$21,000
and
been
1st
called
mortgage
interest.
Payment
for
tee,
Norfolk
&
Western
Period End. May 31—
oper.
made
of
as
fund
July
bonds
the
at
1943
1,
due
office
of
total
a
1945
The
at
trus¬
1943—5 Mos.—1942
$12,705, 383 $12,234,417 $64,030,733 $54,155,681
1,211, 058
1,099,504
6,038,815
5,423,911
equipment
&
100
Pennsyl¬
Ry.—Earnings-
1943- Month—1942
revenues
of
struc.
2,552 654
2,474,686
12,427,549
11,226,264
172! 892
Transportation
opers.
151,207
854,892
781,984
2,836 884
line
rail
2,391,360
34,880
14,016,745
11,738,999
270,789
157,529
211,713
1,201,144
1,150,034
46, 395
233 705
__
120,210
$528,460
sinking
be
Company for Insurances on Lives and Granting Annuities,
15 and Chestnut Sts., Philadelphia, Pa—V. 157, p. 168.
Maint.
$648,670
redemption
3-5%
will
vania
General
expenses
$5,871,067 $29,220,800 $23,678,960
revenues
$5,651,796
accruals-.
4,389,941
4,634,844
23,065,465
17,367,260
income
$1,261,855
$1,236,223
$6,155,335
$6,311,700
(net)_
2,328,591
oper.
Railway
tax
Railway
Equipment
called
for
redemption
as
of
Called—
oper.
rents
689,641
501,933
3,677,829
(Dr)
8,178
6,553
65,030
income
$1,943,318
$1,731,602
$9,768,134
July 1,
Net
New Orleans Public
Other
inc.
revenues
Operating
expenses
$2,140,501
958,571
___
313,494
Federal taxes
249,849
taxes
Other
294,500
Prop, retire, res. approp.
1943—12 Mos.—1942
$1,920,721 $25,784,086 $22,815,867
837,948
11,156,049
10,178,628
225,981
3,368,087
2,313,736
240,883
3,000,361
2,880,822
254,239
3,712,517
2,962,365
Net
—V.
Other
$361,670
$4,547,072
2,796
18,276
3,709
$326,883
80,652
$361,812
$4,565,348
91,426
2,271,170
$4,484,025
2,345,326
$146,231
$170,386
$2,294,178
$2,138,699
pfd. stock for the period
544,586
544,586
income
deducts—
etc.,
income
$1,749,592
Balance
$1,594,113
157,
p.
Dr297
$1,731,305
debt
prof, after all
176,344
880,819
882,229
$9,075,165
$7,721,388
tAfter
1942
*$133,278
income
taxes
(at
American
The directors have
cumulative
Investment
declared
a
cumulative
20
Jan.
20 and April 20,
157,
rates
on
in
1941
1940
*$244,774
depreciation,
bonds purchased.—V. 156,
Corp.—Accrued
dividend of, 60 cents per
one
of
this year,
'
*415,387
1942),
55 cents per
preferred stock, both on account of
to holders of record June 30.
Like
July
on
1942.—V.
.
$185,238
1941
preferred stock and
paid
.
Corp.—Earnings—
1942
chgs.
payable
2254.
$8,603,^17
$1,554,961
depletion and interest, but .before profit
p. 1778. *
5y2%
Dr462
,
$9,955,983
176,136
North American Cement
6%
36,213
$1,812,639
12 Mos. End. Mar. 31—
"Loss,
187,850
,
....
$8,604,078
2047.
p.
North
Net
Dividends applicable to
funded
on
157,
$4,480,316
142
(net)
income
Gross
$324,087
revenues
oper.
45,457
$1,988,775
(bal.)
income
tNet
Net
items
income
Interest
Service Inc.—Earnings-
1943—Month—1942
31—
oper.
ry.
Gross
—V.
oral
Traffic
$419,882
and surplus.
for
2351.
Jt. fac. rents (net)
and in
each
Divs.—
share
on
the
share
on
the
accumulations,
amounts
quarter
were
during
1184.
p.
Newport & Cincinnati Bridge Co.—Tenders—
of as many general mortgage 4Va%
$11,370 (which amount is
now outstanding)
will be
& Nashville RR. Co., 71
Broadway, N. Y., and opened at noon on June 30, 1943, when the
lowest
offer will he accepted,
provided the price does not exceed
Sealed
proposals for
the
sale
bonds as can be purchased with
$1,137,000, the amount of bonds
received at
the office of the Louisville
50-year
of
par
and interest.—V.
155, p. 2186.
North American Light & Power Co.—Interest
New York & Richmond
consider
whether
Operating
revenues
income
Net
after
Gas Co.—Earnings—
$111,129
a
due
further
July
Commission
payment
Jan.
1,
on
1,
interim
1943,
order
should be issued prohibiting
thereafter until further order of
Dec.
1943,
of
28,
and
1942,
interest
entered
on
the
American Co., amounting to about $154,000.
an
order prohibiting
the
debentures
held by North
The Commission held that
$104,381
$1,349,080
$1,278,636
18,322
241,248
257,292
9,960
127,216
121,112
and the outcome of various claims asserted against Light & Power by
;:
its subsidiary, Illinois Iowa Power Co.—V. 157, p. 1184.
the
22,143
11,679
2254.
payment
Commission.
The
1943—12 Mos.—1942
re
accru—
income
—V. 157j p.
—
the
1943—Month—1942
Payment
Stating that the payment of interest due July 1, 1943, on the deben¬
of company held by North American Co. may result in unfair
or
inequitable treatment to the public security holders of Light &
Power Co. or to its subsidiary, Illinois Iowa Power Co., the SEC will
tures
the
Gross
489,318,384 542,078,708
/
York
New
price
the
subject to the Interstate
telephone companies
were
prescribed
Commission's
question
in
property
had
question
the
10,499
5,525
1943, a to¬
tal of $28,000 of
1st mortgage 4%
extended bonds of 1955 at 100
and interest.
Payment will be made at the Hartford National Bank
& Trust Co., trustee, 777 Main St., Hartford, Conn.—V. 152, p. 3191.
been
have
Period End. May 31—
5,399
500,721
„
,
the
in
and
Commerce
78,682
120,210
New London Northern RR. Co.—Bonds
tirement res.
—V. 157, p. 2351.
(net)
$540,092
dividends
135,654
construction
(contra)
divs.
prems.
597,582
40,836
_____
6,131,025
671,978
—
—
&
declared
1%
Serv¬
58,317,417
Deferred
purchases
reasonable
companies
which
accounts.
157, p. 1463.
There
1,570,080
10,421,942
Co.
Other current
expenses
dividends
before
dividends
Balance for
-V.
10,150
912,113
14,012,530
account—Tennessee
"The
of
their
way
50,088
—
accrued
Interest
Liquidation
ice
850,000
264,660
5,000
deposits
accrued
Taxes
Commission
keep
of
1,745,832
850,000
1,118,340
_
payable
Customers'
should
Miscellaneous
Interest,
MI Liabilities—
that period both
"During
Commerce
Maint.
i;
489,318,384 542,078,708
Capital stock
Long-term debt
Accounts payable
debt
dis't,
expense
Operating
86.518
6,441,365
supplies——
and
Prepayments
debt
interest
Period End. May
subsidiary—Not
consolidated
I/-
capital charges
funded
on
of
Amort,
Other
before
430,524,713 422,206,997
equipment
and
relat¬
the
Net ry.
1942
Commission
accounting for property pur¬
York Telephone Co. issued the
years 1925-28 the New York Telephone Co. purchased
located in New York State, from the American
Telegraph Co., which property the New York Telephony
required for the conduct of its business.
Ry.
Balance
31
Assets—-
property,
15
125
income
Preferred
Balance
Consolidated
Plant,
$4,015,853
1,678,296
tlncludes credit adjustment of $77,812
unearned,
release of the
New
Nice Ball Bearing Co.—Bonds Called—
1942
Depreciation
—-—
the
ago,
property,
There
1943
3 Mos. Ended March 31—
Maintenance
$7,280,993
years
press
company's
statement:
"During
England Power Co.—Earnings—
6,966
3.1,007
dividends
or
available for
for
week was 60,015,090 kwh., an increase
from the corresponding week last year.—V. 157, p. 2351.
70,276
$5,404,811
Commission.
above
the
into
18
nearly
following
feet,
9.63%.
Gross
2,455,253
Earn, per com share—
$0.74
$1.02
"Full dividend requirements applicable to respective periods whether
earned
and an extra of
the week ended June 19, 1943 as 60,354,958, com¬
pared with 55,053,836 for the week ended June 20, 1S42, an increase
411,616
$1,697,147
announced
an
Service
the
with
inquiry
merce
England Power Association—Output Up 9.63%—
territory
317,237
$2,529,909
23
by
become final in 20 days if no objection is
investigation conducted jointly with the
will
Public
tuted
the corresponding
New
93,169
to
its
distribution
76,216
dividends.—
Preferred
Common
$844,697
This
of
is
output
in
$8,442,793
earned
June
on
require
summarizes
State
connection
to
chased
ago.
11,335,000
7,169
1,097
carried
to
described
which
report,
York
ing
of
1942
of 50 cents
Commission
Communications
decision
$4,166,510
Interstate
and
last,
31,
Gas
ended
production
tCr58,735
consolidated
The
Co.
Co.—Extra Distribution—
19, a quarterly
157, p. 998.
kwh.
12,010,986
above
$5,856,246
'IT surplus'
or
this company to eliminate from its
the Commission as "inflationary
write-ups" based upon transactions with its parent company, the
American Telephone & Telegraph Co.
cents per share on
$886,752
Operating costs
% Balance
Federal
certain
Light Co.—Earnings—
Doc.
England
the
For
of
$1,898,565
deduc
oth.
&
30
on
affirm
can
Telephone &
1943
50
March
on
trustee
157, p. 2154.
"A
New
$3,363,833
78,960
taxes
of
paid.—V.
were
$5,749,419
106,827
taxes
similar
Jan. 8,
15, $2; and April 15,
Jan.
—
amount
June
while
1942,
30,
$1,890,157
8,408
—
like
of
payable
$2,555,656
-
dividend
were
of
-
—
the
including Federal income tax of $360,804 for 1943
for 1942.—V. 157, p. 2254.
both
$2,468,189
87,467
—
on
1183.
—
extra
reorganization
existing leases and contracts has been extended until Feb. 7,
accounts
In
share
per
payable
New Britain Machine
Output
shown
(as
——
income
Other
stock,
profit
An
the
New York Telephone Co.—Ordered To End Write-Offs
"On
National Power & Light Co.—
Net
$1
of
"After all charges,
and $385,311
& Western Ry.—Extension—
which
within
tentative
and
This
subsidiaries
I
declared
common
New Bedford Gas & Edison
its
of
income
in
par
2154.
2047,
by Federal Judge Murray Hulbert.—V.
The
Dividend—
dividend
a
June 30 to holders of record
June 25.
This compares with 7J/2 cents per share paid on March 31,
last, and on March 31, Sept. 30 and Dec. 28, 1942.—V. 157, p. 1183.
81
643,03^,
17
257,148
'
equity of Nation¬
Power
& Light
Co.
declared
have
directors
$10
ieet
Portion
Net
9,
and Oct.
time
interposed,
1942 were as follows;
$1 each.—V. 157, p.
in
Payments
10
Gas
•Balance
January
Nelson, Baker & Co.—Larger Distribution—
9,554,383
constr.
to
1944
a
stock, payable July 12 to holders of record July 3.
A
distribution was made on April 15, last, compared with $2 on
July
over
revs,
pp.
disaffirm
$23,432,435
2,390,833
2,287,289
-
$1,673,915 $15,481,204 $13,381,077
$0.26
WLB order
rtOiT)958,550
common
and
public
to
deductions
other
$5,660,980 $21,173,745
$6,315,574
income
Gross
during
loss
have
directors
$1.50
Interest
The
n
5,073
6,479
Other income
8.333,887
5,474,169
«
(nec)
Operating
capital
Naumkeag Steam Cotton Co.—$1
$5,641,514 $21,093,450 $23,366,763
of
lease
from
Rent
41,608.785
43,246.763
11,104,544
taxes
Prop, retir.
of gold dredging operations by
dredges were permitted to operate.
stock.
fProfit.
12 Mos. Ended March 31
taxes
Other
$2,017,749
of
157,
Nil
share
improve.—V. 157, p. 257.
The
.
OpSeSingarexSpense8_...
Federal
of
The
National Power & Light Co.
revenues
$1,639,290 $15,216,953 $13,099,986
34,625
264,251
281,091
New
t..e
period End. Dec. 31—
32,484
from
Income
New York, Ontario
and February amounted to
$59,132, which was partly offset by net profit of $4,817 in March.
(2) Although the company is operating currently at a small profit,
the directors announced that no dividends will be declared until con¬
co-prc|duct.-~V. 157, p. 2046.
Period Ended Dec. 31—
$1,985,265
—
to
1942
£$245,997
1943
*$54,315
curtailment
Notes—(1)
and
Operating
oper.__
Non-operating income—
expenses
Operating rentals
The
until March, when two
Production
important
$9,413,004 $81,498,317 $76,876,822
7,707,176
65,753,303
63,432,334
66,537
528,061
344,501
Co.—Earnings—
per
"Reflects
'
1943—Month—1942 '.-V 1943—8 Mos.—1942
$9,977,290
7,926,955
65,070
revenues™
oper.
—V.
made on June 25
2046.
loss after all charges and taxes
tEarnings
ditions
Co.—Expands Facilities-
National Lead
Total
Operating
operating expenses.
Production E Award—
Army-Navy
Natomas
Net
Co.—30-Cent Distribution—
A dividend of of 30 cents per share has heen declared on the com¬
mon
stock, par $10, payable Oct. 15 to holders of record Sept. 10.
A similar distribution, previously declared, will be made
4®j
next
and has been made each quarter from July 15, 1942 to and
Inch'April 15, 1943, prior to which dividends oi 40 cents each were
paid each quarter.-—V. 157, p. 2045.
T., I. R. T.f and Independent Divisions)
M.
Period End. Feb. 28—
production.
war
on
Quarters Ended March 31—
National Biscuit
-4ij
practically 100%
are
"E" production award was
company's Indianapolis Works.—V. 157, p.
The
2254.
p.
111.,
Receives Army-Navy
propellers, and other items, some ox a
speed control governors for
confidential nature.—V. 157,
City Transit System—Earnings—
(Includes B.
Excess
The corporation
aircraft engines,
New York
..
,
New
Co.,
21
June
on
Park,
Melrose
and
the model
Mason
which
company
M.
,
helicopter we will build represents an advance over
recently underwent severe tests at Wright Field,
Mr.
"The
.•
announced that it has arranged with a
group of banks for a revolving credit up to $7,000,000 under Regula¬
tion V of the Federal Reserve System, and has made an initial borrow¬
ing of $5,000,000.
The credit, which is guaranteed by the War
Department up to 75%
will terminate Sept. 30, 1945.
)
Banks participating in the credit are the Cleveland Trust Co., agent
for the group;-: National City Bank, and Union Bank of Comfnerce, all
of Cleveland ^Continental Illinois National Bank & Trust Co., Chicago.;
Bankers Trust Co., and Guaranty Trust Co., New York.
The credit will be used in amounts as needed for additional wonting
capital reouired by the company's expanded operations in the war
program.
Its foundries in Cleveland, Chicago, Indianapolis, Sharon, Pa.,
The
St. Louis RR.—New Director—
&
Nicely, Vice-President of the Guaranty Trust
York, N. Y., has been elected a director.—V. 157, p. 2351.
James
Revolving Credit Up to $7,000,000—
Ended.March 31—
3 Mos.
•Net
New York Chicago
Castings Co.—Arranges for
National Malleable & Steel
Co.—Earnings—
Narragansett Electric
Monday, June 28, 1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
2452
.»
interest
should
not
be
paid pending final determination of North
American Co.'s rights in liquidation of North American Light & Power
"
dividends
North Central Texas Oil Co., Inc.—Earnings—
/;
-
^
'
1943
3 Months Ended March 31—
$4.50
1941
1942
$75,787
17,861
: $57,336
$57,926
$65,599
18,604
Operating jancome .i-.--------.
Operating „ expenses.—
propertied charged off
Depletion and
;'V
$38,157
19,179
'mm
*
23,531
20,780
,
V '
•
-
—
■■
i
■...
Electric
and
fixtures,
assets
Deferred
The SEC
net
——„
li:
159
Dec.
1,211,272
tion
11
2,533
127,990
and
which
$1,521,278
—
and
preferred
Oliver United Filters, Inc.—25-Cent "B" Dividend—
to
:
:
,
,
Northern
States
system
Co.
Power
for
the
totaled 38,953,000 kwh., as compared with
corresponding week last year, an increase of
31,
acted
issue
-
-
—_
Liabilities—
indebted-'
to the Minnesota company until
By the latter date it is contemplated that a Sec¬
plan providing for dissolution of the Deleware company,
provides for disposition of the indebtedness, will be
by the Commission.—V. 157, p. 2351..
$208
16,031
10,187
—
credits
for contingencies
stock
Common
($5
_
±2
par)
surplus
Earned surplus
Capital
—
—
132,565
174,481
1
—
on
$1,525,836
—
—
granted
the
Delay Granted—
company
an
643.
p.
$1,521,278
(& Subs.)—Earns.
Northern States Power Co. (Minn.)
1943—12 Mos.—1942
1943—3 Mos.—1942
Period End. Mar. 31—
■
17 declared an
directors on June
The
'
y
interim dividend of 12'W cents
share on the $5 par value common stock, payable July 1 to
June 24.
Similar distributions were made on July
per
holders
1
record
©f
Dec,
16, last year,
12%
cents on July 1,
as
and
compared with' 171/2 cents on Dec. 16, 1941, and
1941.—V. 157, p. 258.
Gross
operating
directors
The
June 21 declared* a
on
dividend of 20 cents per share
stock, payable July 1 to holders of record June 25.
like amount was disbursed on April 1, last, while on Jan. 2, 1943,
dividend of 20 cents and a special of 5 cents were paid.
The directors also declared income interest of lVz.%
payable July
the
on
A
a
1,
capital
1943
lien bonds due July
349,256
336,078
1,581,734
to
1937 relating to said bonds,
registered on the registration books
ten days next preceding said interest
1,
July
transfers of bonds shall be
kept by the trustee during the
payment date.—V. 157, p. 2255.
no
4,513,750
4,231,$50
1,412,231
1,386,748
5,447,774
5,305,864
901,275
1,006,500
3,742,625
4,241,500
1,019,925
828,000
3,603,195
\
(& Subs.)- -Earnings-
&
come
Prov.
revenues
$4,817,988
Fed.
for
Federal
taxes
income
—,
„
excess-profits,
Federal
2,286,895
596,836
618,646
245,495
329.678
Net operating
_
208,800
Fed.
profits taxes
operating
$3,145,706
income
income
20,384
$2,980,800 $10,761,597 $11,967,029
23,909,
92,594
116,136
$3,004,709 $10,854,191
$12,083,166
1,021,263
4,314,556
4,173,342
$2,096,835
$1,983,446
$6,539,635
$7,909,824
14,051
nicome
Gross
14,051
56,205
56,205
$3,166,090
deductions-..;
Balance
Subsid.
1,069,255
.
divs.
minor¬
&
ity interest
__
Net
income
surp.,
$2,082,784
$6,483,430
$1,969,395
$7,853,619
beginning
3,548,440
$5,631,224
3,048,226
3,111,905
3,182,440
$5,151,834
period
Total
$5
Earned
$1,017,859
3,900,000
6,220,000
Cr2,866
Cr3,821
129,995
194,940
$3,111,905
$4,190,340
$3,111,905
items
end
surp.,
of
period
—V.
343,750
1,700,000
divs.
ser,
dividends
direct
Miscel.
$9,595,335 $10,901,845
1,375,000
1,375,000
343,750
1,100,000
$4,190,340
Preferred,
Common
177,200
$1,055,049
35,525
—J
income
(net)
income
157, p. 1274.
$1,090,574
and other deductions
Interest
852,654
$218,466
$176,574
.
1—
income
Net
$1,029,228
872,107
income
Earnings of Company
Onl
y
1943
Taxes, other than Fed. income & excess
Federal income taxes
profit.
,
__.
2,229
2,159
than
income
Net
—V.
Hunter
need
of
the
on
15 declared a dividend of 25 cents per
stock and the usual quarterly dividend of 37 '/2
common
share on the preferred stock, both payable Aug. 2
July 15.
Like amounts were disbursed on Feb.
per
record
share
cents
to holders of
1 and May 1,
Distributions
a
Service
Co.—Hearing Date
assets of LaPorte Gas & Electric Co. to
Northern Indiana Public Service Co. and its subsidiary, LaPorte Heat
Corp.
LaPorte Gas & Electric is a subsidiary of United Light &
Power Co.
The latter is being liquidated pursuant to an order of the
Commission.
The U. S. District Court at Wilmington was petitioned
toy the Commission at the request of the company to enforce the
plan of liquidation.
Northern Indiana requested a postponement of
the hearing to permit appraisals to be made of the LaPorte property.—
V.
157, p. 2255.
States Power Co.
Northern
totaled
year
A
—
Depreciation
the
Fed.
for
income
for
Prov.
profits
Net
1,118,750
Gross
*'?
''
'■»
V
■
14,756,834
1,571,411
4,261,250
1,422,081
1,396,598
5,482,774
961,275
1,075,500
3,988,625
5,345,311
—
18,290,403.
the
of
them to
priorities.—V. 157,
2351.
p.
4,508,500
1,019,925
tax
$3,045,801
income
20,384
$3,066,185
1,069,255
income
deductions-
3,603,195
828,000
1,234,375
$2,871,964 $10,353,745 $11,524,289
23,909
92,594
116,136
$2,895,873 $10,446,339 $11,640,425
4,314,573
1,021,263
been
$1,996,931
Balance
.
357,801
income
Earned
of
surp.
period
Total
$7,467,084
357,801
1,431,205
1,431,205
$1,639,129
interest
Net
$6,131,766
$1,874,610
$1,516,809
$4,700,561
$6,035,879
beginning
for
called
redemption
as
preferred divs.——
6%
preferred divs
Misc. direct items (net)
4,529,182
3,772,376
$6,554,670
—
—
4,279,585
$5,796,394
$9,229,743
trustee
511,401
1,875,181
439,128
585,394
1,609,917
2,727,270
2,341,578
140,504
210,225
7%
of
.
surplus,
(And
6 Mos. Ended
any
of Chicago, trustee,
at the office of the
time
$5,604,141
peril
$4,529,182
$5,604,141
$4,529,182
wholly-owned
directors
on
June
18 declared a quarterly dividend of
$1.31,A
share on the 7%
$1,121/2 per share on
the 6%
"Chronicle,"
week's
last
in
1942
1943
$5,844,485
$4,837,396
669,544
350,949
taxes
for
Provision
income
500,204
profit
Earnings per common
share
195,479
$169,340
$0.80
taxes
Net
$155,470
$0.72
provision was made for surtax or undistributed profits tax,
157, p. 169.
mmmmm
Note—No
it
stated.—V.
was
Ogden Corp.—Further Steps In Liquidation—
officers
same
steps involving the liquidation of two small companies have
with the SEC tending toward simplification of the Ogden
filed
Holding
Interstate
North
would
the
Company
Power
state
and
Dakota
be
used
common
Co.,
Southern
Pacific
Southern.
owns
'
System.
a
to
stock
proDOses
I
Pacific-American Investors, Inc.
of
Pacific
share
of
Upon the consummation of
$0.90
of
per
American
—
amortization
taxes
Federal
income
For
share
each
class
of
B
pfd.
Present
on
(1) The present
Companies and the Merged Company
157,
values-
current
at
Net
stock
__—
p.
All of
preferred stock
coverage
per share
102
em
244
$3,880,000
pre¬
$240.60
stock
ferred
Preferred
preferred
stock,
dividend and
$3 cumulative
to
as
assets of $50 and accrued
to
as
62,915
shares
dividends,
$61.67
(or coverage) per share of pfd.
Net asset value
preferred stock has pref¬
erence in liquidation
Balance applicable to class A common stock___
Net asset value per share of class A com. stock
$3,161,000
$719,000
$4.39
V
stocks:
common:
dividend,
cum.
class
over
$2
which
to
as
Common
$2
$3,394,000
B
$39.17
(t)
preference
(shares)
common
dividend,
con-cum.
preference
$32
Class
B
common
B
common
(shares)
over
(shares)
Class
Minimum
increase
in
—___
value
total
of
assets
required to give any asset value to the
class B stock after allowing; for taxes on
Capital Corp.
109%
25%.
in American
(24,961 shares of preferred, 14,200 shares of class A and
in
Pacific Southern's
net
assets are
shares
3,354,679
3,143,785
581,565
2,379.051
2,390,514
of $9.17 to April 30, 1943, not
1,109,500
2.085,400
(2) The merged jcompany—Pacific-American Investors, Inc.—
Total net,assets (before deducting funded debt) with secur¬
3,830,000
2,288,400
$518,064
$463,815
$6,716,566
$7,080,598
286,395
285,649
3,492,668
$178,166
$3,223,898
$3,627,958
155,577
155,577
1,866,923
preferred
liquidation.
on
3,452,640
1,866,923
$22,589
$76,292
$1,356,975
$1,761,035
*$12,071,000
402%3,000.000
values
at .current
Bunded dent (net asset coverage
worth
Preferred
$9,071,000
—
—
Prior preferred stock (net
asset coverage $373.32 per share)
for preferred stock—
stock (preferred as to
______
5,116,000
per
Co.—Debentures Called—
%
sinking fund debentures due
2,430,000
$6,641,000
total dividends of $1.50
share and as to assets of $25 per share)——
(Net assets coverage $32.45 per share)
2155.
the outstanding 21-year 4%
I960,
_____
prior
2,452,000
t
_.
of
$5,846,000
cumul.
278,757
have been called for redemption as of Julv 1, 1943 at
and
interest.
Payment will be made at the London & West-,
Trusts Co.. Ltd., 455 Howe St., Vancouver, B. q., Canada, or at
Bay St., Toronto, Ont., Canada.—V. 149, p. 118.
1,
3,000,000
for
asset
$5,846,000
$3,880,000
.
preferred stock, $5.50 per share
divs., $100 preference, 24,298 shares
Balance
Capital
♦$6 880,000
(net asset coverage 212%)
worth
Prior
the acquisition, Inter¬
its assets
1943—12 Mos.—1942
_______
280,676
790,954
Okanagan Telephone
July
American
Southern
companies—
(before deducting funded debt)
securities
Balance
Balance
new
following tables summarize (1) the status of the two companies
30, 1943 and (2) the merged, company (Pacific-American
Investors, Inc.) based upon values as at that date and giving effect
to a 100% exchange of securities:
minority interest in
controlled by Inter¬
$23.1,869
income
on
of
share
April
at
as
Net
Net
l/10th
75,000 shares of class B) taken at a market value of $548,200.
The
net asset value of the block at April 30, 1943, was $962,745.
tAuthorized but not issued.
J-Includes accrued and unpaid dividends
taxes
income
other deductions
&
stock:
common
stock.
common
ities
Int.
'
,
stock.
Class A
$1,958,705 $26,359.9^0 $24,639,322
8,970,103
7,650.624
634,568
taxes..
Fed. excess profits
Gross
Capital Corp.
1 share of new convertible
($100 per share preference), carrying the same
dividend rate and convertible at any time at the option of the holder
into four shares of new preferred stock and in addition into four
shares of new common stock, and a cash payment of 45.83 cents per
share to adjust to the new dividend payment dates of Jan. 1, April 1,
July 1 and October 1.
For each share of preferred stock: IV* shares of new preferred stock
($25 per share preference) and 7% shares of new common stock.
For each share of class A common stock; 1 share of new common
share of prior preferred stock:
•Included
1943—Month—1942
$2,226,162
—
expenses
&
General
Investors, Inc.
Southern
preferred stock:
preference)
share
per
subsidiary of Ogden Corp., proposes to sell
Interstate" Power Co.
Power Co. for $125,000.
The proceeds
acquire all of the outstanding
of Eastern Iowa Electric Co.
31—
will
Pacific Southern
636,467
revenue
illS
2 shares of new preferred ($25
and V2 share of new common, plus a cash
share.
For each share of class A common stock: 3Va shares of new common.
For each share of class B common stock: Vsth share of new common.
each
For
taxable appreciation at
Deprec.
(new company)
for the otustanding stocks of
and American Capital on the following basis;
be Issued In exchange
to liquidate Eastern Iowa and transfer all of
itself as sole stockholder.—V. 157, p. 2351.
Period End. May
#hr
debt, there are seven issues of capital stock outstanding, each requir¬
ing a transfer agent and other bank services. Under the merger it is
proposed to extend the maturity of the debt to 1948 and to reduce
the classes of stock to three.
The inter-company holding would be
liabilities to
Gross
substantial proportion of the out¬
a
standing stock of American Capital Corp. The capitalizations of the
present companies are complex. Pacific Southern has a funded debt
due July 2, 1945, and it has outstanding three classes of stock; Pre¬
ferred stock,
class A common stock and class B common stock.
American Capital Corp. has outstanding four classes of stock; prior
preferred stock, preferred stock, class A common stock and class B
common stock.
Thus, in the two companies, aside from the funded
Otter Tail
to
for $94,320.
state,
eleven directors of Pacific
directors of American Capital are among the
all its investments in and accounts receivable from
of
stockholders of Pacific
will vote June 29
Investors, Inc. and Amercian Capital Corp. 'have
and the
same investment
advisor.
Five of the
Southern
Pacific
the
Amount
been
the
Inc., and American Capital Corp.
into a new corporation, Pacific-American Investors, Inc.
The purposes of such a merger are to provide a simpler and more
stable capital structure, to simplify and faoil.tate the conduct of the
business and to reduce the costs of operation.
Net
subsidiaries)
—•
before
Profit
—V.
cumulative preferred stock and a dividend of
cumulative preferred stock, both payable
July 20 to holders of record June 30. Like amounts were disbursed
on April 10, last.
Distributions of.87'A cents per share on the 7%
preferred and of 75 cents per share on the 6% preferred stock were
made on Jan. 20, 1943.
Arrearages after payment of the April 20
per
noted
Total net assets
April 30—
sales
Net
American
merging
on
Funded debt
end
Preferred Dividends—
The
As
Southern Investors,
Nunn-Bush Shoe Co.—Earnings—
Divs.
Earned
Pacific Southern Investors, Inc.—Merger of
Capital Corp. Proposed—
with
$9,808,254
681,817
\ iW
stock were equivalent to $2.25 per share
for the common
Pacific
present said bonds at
for redemption and payment.
may
Operating
4,915,540
•;%
This compares with $2.21 per share for the year 1942,
and $2.13 per share for the 12 months ended March 31, 1942.
There
were
6,261,274 shares of common stock outstanding at the close of
each of these periods.—V. 157, p. 2352.
4,173,342
minority
&
divs.
814,184
111.
Ohio Edison Co.- -Earnings—
Sub.
1,543,463
*"■' ['C.-
The
bonds dated May 15, 1936
of Nov. 15, 1943 at par and int.
outstanding 1st mortgage 6%
Payment will be made at The First National Bank
Corp.
excess
12.522,548
prior preferred stock
war
Further
income
Income
14,988,084
1,581,734
4,513,750
8,088*663
12,522,548
—„A
Data
State
&
taxes
Fed.
oper.
Other
•
Norwell, Inc., Chicago—Bonds Called—
All
in-
)
Ypq
Prov.
...
than
& excess profits
come
f'Si
349,256
1,157,500
Maintenance
;
Balance—-
For each
>
percentage of the air travelers were on missions connected
effort, a breakdown of the statistics showed, and these
large
with
1943—12 Mos.—1942
3,873,127
336,078
4,055,890
(other
(& Subs.)—Earns.
$12,011,728 $11,500,017 $44,511,907 $43,201,969
revenues
Operation
Taxes
(Del.)
1943—Month-r-1942
Period End. Mar. 31—
Operating
»W" * '
utility
the
of
sale
year ago.
planes, as compared to 7,080 in April. The gain in passenger revenue
was 8.2%.
Revenue passenger miles for the first five months of the
Holders
postponed from June 25 to July 15 hearing on thje pro¬
The SEC has
posed
May total
gains in air travel on Northwest Airlines during May
the total of revenue passengers for the first five months of
up to 36,804, Mr. Hunter, also announced.
month, he said, a total of 7,207 revenue passengers used NWA
Chicago,
Postponed—
2,521
8,406,263
stock
common
on
due to the greater
war centers from Chicago to
year
have
Public
Indiana
Northern
21,427,916
1,464
capital stocks
stock
preferred
was
May Revenue Passengers Exceed April Total—
the common stock during the year 1942 were as
10 cents; May 1, Aug. 1 and Aug. 2, 25 cents each;
year-end of 25 cents.—V. 157, p. 1184.
2,
23,
Dec.
and
16,138,214
22,473,738
income
surplus
i/T
12,031,544
13,110,601
subsidiaries on
on
on
Feb.
follows:
pound miles, the
for the May period a
1,000,000 more than
correspondence between
;
trips entitled
1943.
of
Dividends
distribution
Continued
Last
Corp.—Dividends—
directors on June
The
1942.
Northwest.
-
this
Northern Illinois
■
of
increase, Mr. Hunter explained,
sDeedv
Pacific
375,805
pointed out that in airmail
of this
brought
1184.
157, p.
month
308,748,396 is
Much
462
Interest on notes payable
high of
top
$34,293
$33,831
the
Mr,
of
the
income
Gross
to
218,739
46,570,061
discount and other
—________11,147,605
Federal taxes on
The shares
pounds of airmail, surpassing the pre¬
vious
high of April by nearly 1,000 pounds,
was
carried by this
company's planes during the month of May, Croll Hunter, President
and General Manager, announced recently. The new record Is 99,000
pounds more than was carried in May of last year, and 35,000 more
1,456
$35,533
—
1,232
$35,533
—
administrative expenses
and
General
all-time
An
$40,138
1,104
2,363
Income
1942
$40,232
3 Mos. Ended March 31—
•
329,125
—
„_
eliminated.
11,369
Northwest Airlines, Inc.—Airmail at Record—
Gross
for
income
46,351,322
49*430,432
_
49,759,557
income
other interest,
deductions'
and
income
Net
18,519,052 ,16,927,291
excess-
tax
Income
40,854
166,900
tax
Charges in lieu of income & excess
Other
State
&
taxes
for
Other
$4,471,132
2,544,909
—
Operating expenses
Taxes, other than Fed. income & excess profits
Bond
—
,
55,593,207'
61,779,541
income
Gross,
Earnings
3942
3 Mos. End. March 31—
Operating
operating revenue
Miscellaneous
1942
1943
$
s
2
129,729,025 118,871,820
administrative ex-< :
'
revenue
for the period.
.A'—
income
Net
in¬
profits
excess
taxes)
of
1943
Subs.)—Earnings—"
.
operating and
taxes
—
—
depreciation and amortization-.-
penses,
1,234,375
than
(other
Taxes
Earned
North West Utilities Co.
dividend
1,571,411
1,118,750
1,
1,
of
first collateral
interest
Pursuant
1943.
of 1 Vz% on said bonds is also payable July
the provisions of the trust indenture dated as
outstanding
the
on
Fixed
1957.
,
Provision for
Dividends
1,157,500
profits
Dividend—Interest—
'<
Maintenance,
14,620,541
14,861,232
3,843,141
4,025,835
Operation
Prov.
North Texas Co.—20-Cent
2309.
i
Dividends
Depreciation
.
share
per
No other payment has been
Disbursements on the latter
26, 25 cents and Dec. 18, 50
<
"
•.
"
were
p.
cents
the usual quarterly
12 Mos. Ended March 31—
$12,011,728 $11,500,017 $44,511,907 $43,201,969
revenues
Maintenance
12%-Cent Dividend—
156,
Provision
—
Operating
Total
23
June
additional year, or
until April 14, 1944, to divest itself of certain of its subsidiary hold¬
ings.
Northern is a subsidiary of the North American Co.—V. 157,
1,188,000
133,258
161,468
taxes
Federal
Deferred
Reserve
$14
10,429
9,474
25,000
1,186,000
payable
Accounts
SEC
on
1943
dividend of 25
a
and
value,
par
the class A stock, no par value, both payable
Pacific Gas & Electric Co. (&
interested parties to June 29 to request a hearing
States Power Co. (Del.) and Northern
Northern Natural Gas Co.—Year's
The
year
declared
18
no
on
of record July 15.
the class B stock.
as follows; May
holders
to
this
during
Net
Total
stock,
share
(Minn.) looking to postponement of certain
plan
upon
2
made
Northern
of
1943.
(E)
Aug.
June
on
B
per
class
the
50 cents
cents.—V.
owing by the Delaware company
ness
directors
The
on
1943,
the
has given
States Power Co.
2,598
91,713
;
——
the 1%
on
Debt Postponement—
on
applications
on
1942
$1,525,836
leases and field
rights,
share,
.
Hearing
1,142,324
receivable
Mineral
Furniture
.V
the
19,
for
16.7%.-
$179,324
bonds
of
June
kwh.
$239,098
50,000
103
„
_
Accounts
output
ended
33,379,000
$19,724
Comparative Balance Sheet, March 31
1943
Assets—
Cash
U. S.
18.433
per
■
$34,395
$26,215
Net income before Federal taxes
$5.25
to
preferred stock.
of
week
$46,995
income before depl., etc.
amounted
the 6%
on
Weekly Output—
•
Net oper.
2453.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4189
157
Volume
Balance for common $1.14 per share on
1,337,158 shares)
$1,525,000
from the aggregate of the assets of the two com¬
panies, inter-company holdings ($548,200), allowance for merger ex¬
penses ($50,000) and cash distribution on Pacific Southern preferred
($56,623).
/. ;:v
«"-V. /;
•After deducting,
-
■■'
".S..
-
"
'■'
•>
.
.
^-/-y' v'-"
-
v;, '■'■'■ri'■ Vv
V''
'
......
euji
Monday, June 28, 1943
&-'FINANCIAL CHRONICLE
THE COMMERCIAL
2454
(jut
natural
Pacific Southern class A common stock and
American Capital preferred stock (atf shown above* have an asset value
substantially less than their preferences and three of the presently
outstanding junior stocks—Pacific Southern class B and American
Capital class A and class B stocks are "under water,
that is, they
have no asset value <based on figures at April 30,
1943;
further it
would require minimum gains in total asset values of 109
and 13in,
respectively, on the basis of the projections made in the tables fol¬
lowing, before there would be any asset value for the Pacific Southern
and American Capital class B stocks. In the merged company
PacificAmerican
Investors,
Inc.—(as shown above*
there are no "under
present structures
In the
It is a simpler
water" securities.
(
,
and 'more stable
Capital Stock
j
environs*
facilities.
Delivery of gas by the company directly to industries and to other
gas companies for resale to industrial customers is, in most instances,
subject to curtailment, interruption or discontinuance in the event
of an insufficiency in the supply of gas.
It is estimated that approximately 900,000 gas consumers are sup¬
capital structure.
directly and indirectly with gas from the company's system,
natural .gas requirements for the City of Battle Creek, Michigan, and
plied
....
Southern;
Pacific
.*■
,
Issued
Authorized
'
ia;.:
.
preferred stock ($100 par; $100 pref.il-—
stock ($5 par; $25 preference)-
Prior
!;S|
I
25,000 shs.
24,293 shs.
375,000 shs.
204,629 shs.
Common stock^SO.lO par)—.
——.—2,000,000 shs. 1,337,158 shs.
Prior Preferred Stock (preferred over all other classes of stock as to
erence*
such stock, half for its own account and half for the
Missouri-Kansas Pipe Line Co.
This sale was made pur¬
suant to a plan approved by the Securities and Exchange Commission
under
the Public Utility Holding Company Act of 1935.
Pursuant
to such plan, Columbia Oil & Gasoline Corp. also surrendered to the
company for cancellation and retirement the 10,000 outstanding shares
of the latter's class B preferred stock for $1,000,000,
the par value
thereof, plus accrued dividends.
The plan also provided for the termi¬
nation
of
certain
litigation, involving issues, among others,
with
(preferred over the common*as to $25 per share and
dividends.)—This stock is entitled to cumulative dividends of
$1.50 per share per annum before any dividends can be paid on the
common stock.
This stock is entitled to 5 votes per share and, subject
Preferred Stock
'I&
•:
-.iV-r/
accrued
preferred stock, will be entitled
the holders of prior
rights of
the
to
directors if dividends at the rate
of 60 cents per share per annum are in default as to eight quarterly
payments.
The charter will provide that not less than 90% of net
investment income shall be applied
to the extent necessary to the
payment of the prior preferred and preferred dividends each year.
Sinking funds are created for retirement of both the prior preferred
and preferred stocks, in each case in an amount equal to 10% of net
elect
to
majority of the board of
a
realized capital
mi
of
gains.
dividends when and if declared by the
and protective provisions
subject to the preferences
directors
of
prior preferred and
the
'
\:Vf
\-,,y
Board
—V.
Directors—The
of
157,
2255.
p.
f Pacific Western Oil Corp. (& Subs.)— Earnings-
m:'A
"Net profit
^1——
' 1941
1942
$3,039
1943
+$65,195
Quarter End. March 31—
WS
1940
$61,240
+$36,527
plant retirements, depletion,
amortization, intangible plant developments, costs, abandonments, etc.
tLoss.
tEqual to six'cents a share on the 1,000,000 shares of capital
taxes, depreciation and
"After expenses,
stock,—V. 156, p. 2227.
S"
share
the
on
record
(New
Orleans)—
50-Cent Dividend—
last,
while
each
on
common
The
18.
June
semi-annual dividend of 50 cents perstock, par $10, payable July 1 to holders of
company paid 60 cents per share on Jan. 2,
declared
have
The directors
■;*:
Co.
Life Insurance
American
Pan
To Pay
a
disbursed
it
1942,
in
Jan. 2
subject to the jurisdiction
and July 1.—V.
an
outstanding securities (stock and indebtedness) of Indi¬
for a cash purchase price of $142,000.
the
all
(2*
Gas Distribution Corp.,
ana
price will be increased by
adjustments, not expected to be material.
Company understands that
the cost to Columbia Gas & Electric Corp. of the stock and indebted¬
ness
of the above mentioned Michigan Gas Transmission Corp. and
Indiana Gas Transmission Corp. amounted to $10,842,000.
On Feb.
6, 1942 the company acquired from The Ohio Fuel Gas
Co., an affiliate of the company at that time, certain natural gas
pipe lines in Indiana and Ohio for a cash purchase price.of $439,326.
Company has been informed that the book value of this property was
shown on the books of Ohio Fuel Gas Co. at $670,330 which repre¬
sented
the amount shown on the books of the Logan Gas Co;
at
the time this property was acquired by it from said company.
On Feb. 6, 1942 the company acquired from Columbia Oil & Gasoline
Corp., an affiliate of the company at that time, all ($10,000,000 par
value) of the company's then outstanding class A preferred stock for
a
total cash purchase price of $10,000,000.
On
March 30,
1943 the company acquired from Columbia Oil &
Gasoline Corp., an affiliate of the company at that time, all ($1,000,00.0
par value*
of the company's class B preferred stock for a purchase
price of $1,000,000, plus accrued dividends of $15,000.
Company is informed that the investment of Columbia Oil & Gaso¬
line Corp. in the class A and class B preferred stocks as shown on
the books of the latter corporation was $10,885,304, but that certain
unpaid accrued interest to Dec. 1, 1935, amounting to $137,046, should
be
added to the foregoing figure of $10,885,304,
thereby making a
total investment cost of $11,022,349 to Columbia Oil & Gasoline Corp.
for said two classes of preferred stock, and further that it is impos¬
sible to segregate either of such costs as between
the class A and
the foregoing cash purchase
each case
In
class
Eastern
Panhandle
mtge. & first lien bonds,
mtge.
series
RR. Co.—Div. Decreased-^
a
Line
Pipe
due
&
mtge.
due
C,
tSerial
2%%
deb.,
due June
Gas
'1
of Oklahoma,
Indiana and the northwestern
igan
to
to
a
point
from
tended
near
such
gas
Miscell.
■?Aii
early
part
of
boundary,
Missouri,
placed
approximately
The
system
of
12%, 8%
and
5%,
respectively,
of
the
the
in
the
natural
State
gas
of
Michigan
requirements
the
construction of
which is supplying a
of
pipe - line
system
also
aid of construction
Contributions in
Paid-in
64,256
1935
45,466
10,071,656
surplus
Eafned
31,
since Dec.
surplus
$105,270,411
Total
-V.
157,
2352.
p.
Parker Rust-Proof
Co.—Earnings—
1943
1942
$362,507
$0.84
$398,283
$0.92
6 Mos. End. March 31—
profit after charges and taxes
Net
share
Earnings per common
income ' and
profits taxes for the six months
1943 and $396,000 in 1942.
exqess
$759,000
totaled
31
March
+<
in
the quarter ended
March 31, 1943, net profit was $177,941 after
charges and Federal income and excess profits taxes.
The net income
is equal to $0.41 a share on the 429,498 shares of common stock.
This
compares with a net profit of $184,566, or $0.43 a common share, for
the quarter ended Dec. 31, 1942.—V. 157, p. 1850.
For
Consumers
major
Power
Co.
supplies Battle
Creek
Gas
Co
with
a
v%'A■
v-
Issuance and guar¬
sale
the bankers
to
are
mission.
Proceeds
before
Oct.
to
thereafter
A
of
and
first
and
1,
1977,
at
redemption
or
on
refunding mortgage
1021/2% and interest
thereafter
on
the
of
at
sinking
the
for
except
date
interest
any
yearly
$285,000
bonds,
"D"
before
or
on
only,
whole
a
interest date
and
accrued
equal
premium
a
to
maturity.
fund
series
on
as
months or part thereof between the redemption date
12
of
sinking
the
fund
the
for
of
April
on July 1, 1944 or on any
January 1,
1959 at 105%
notice,
including
thereafter
and
date
the
redeemable
are
6p days'
to
for each
Vs%
and
due
1943.
1,
upon
interest,
used
be
$28,483,000
"A",
series
will
sale
of
1943,
1,
bonds
The
fund,
their
from
Oct,
bonds,
4V2%
July
which
1,
will
will
1956
the
to
applied
be
redeemable
be
103%
at
for
purchase
sinking
the
accrued
and
and
interest
graduated scale downward.
a
of
opinion
counsel,
will
bonds
the
be
legal
for
investment
savings, banks under the laws of California, New York, New Jersey and
other states and also for savings banks organized under the general
Pennsylvania.
application
make
Stock Exchange
for
listing
bonds
the
■ •
■
,
will
company
York
the
on
and for their registration under the Securi¬
* %
leased to the Pennsylvania RR.
the Pennsyl¬
vania System and include about 680 miles of track in Ohio and Michi¬
gan, .extending from Cincinnati, Columbus and Marietta, on the south,
to Akron
and Sandusky and Toledo on Lake Erie on the north, and
Exchange Act of 1934.
of the
properties
.
company
are
999
(in
part by trackage rights over other lines) from Toledo to Detroit.
Pennsylvania, Ohio and Detroit RR. is the only company
These properties are an integral part of
years.
The
the
Pennsylvania
System
612,871
lines
the
reaches
System
in
the
August, 1939, the company constructed on Sundusky Bay in Lake
electrically operated car dumping facilities for transferring
In
new
from
railroad
of
coal
revenues
or
efficient
and
at Sandusky
of
of
$28,000,000
Pennsylvania
leading
of
a
road
bidding
first
and
5,169,352
2,590,000
1,997,598
$5,287,215
$5,459,525
$5,714,218
debt
806,146
651,904
903,333
net
Crl0,116
22,934
Crl2,583
Crl0,640
27,487
310,029
Cr6,929
Crl68,730
Crll,775
Cr36,828
$1,455,027
$4,626,864
$4,804,493
$4,548,324
$4,552,282
$4,804,493
$4,548,324
merce
securities,
other
bonds
planned
by
the
road,
banking houses,
competitive bidding, came
a
unit
in
the
among
about
completed
amount of
refunding
4I/2s,
the
to
the
following
Kuhn,
provide funds for
to
Pennsylvania,
outstanding
due
sale
long
April
1,
new
&
Co.
redemption
Ohio
&
of
Detroit
1971.
the
reports
Loeb
the
$1,455,027
railroad
investment
of
had
equal
for
system.
two
$28,483,000 new bonds designed
roughly
a
has
raised anew June 23 when Halsey, Stuart & Co..
t6 submit a proposal for the more than
refunding
RR.
proponents
the
of
at
sought
Co.
the
by
one
Open To Competitive Bidding—
competitive
was
Otis &
and
project,
completed
was
miscellaneous merchandise.
Two Firms Want Issue
than equipments,
Inc.,
This
world,
increased greatly.
J
derived mainly from the transportation of bitum¬
are
soft coal
question
vessels.
the
in
Since the installation of these facilities the amount
unloaded
tonnage
Gross
inous
to
and
of $4,431,000.
Lakes
Great
cars
modern
most
that
823,881
whose
over
important traffic centers of Detroit, Toledo, Sandusky and Akron.
930,000
funded
on
int.
deduct.,
debt
of
disct.
&
expense
Int.
to
chgd.
construct.
The
prior
"Including
—
for
Application of
<■
be used
1943
its
of
1942
and thereafter, net income of subsidiary com¬
Proceeds—The net proceeds (approximately $9,874,000)
for payment of, or reimbursement for, a part of the cost
construction program, the entire cost of which program is
estimated at approximately $11,500,000.
presently
underwriters^gnd
Underwriting—The names of the several principal
respective principal
the
as
Peabody & Co.
First Boston Corp.
Kidder,
The
Dillon
Eastman,
Hemphill,
Noyes
& Co.
& Co.
Hornblowjer & Weeks—
W. E. Hutton & Co.—
Lee
1
amounts underwritten by them, severally," are
follows:
Glore, Forgan & Co.—
Higgjnson Corp.,—
'
'
'
%'
>
i-y
'
'
r-
seeking
move
to
have
came in the form of a
Cleveland investment banking
bonds
thrown
telegram
Eaton
house
of
the
Chairman
Mr.
Alldredge of
Eaton
he
said
of
open
to
from Cyrus
Otis & Co.
S.
to
the Interstate Commerce Commission.
understood
the
proposed
refunding
being
discussed at conferences between Pennsylvania RR. and ICC officials,
and declared that if the ICC fails to require competitive bidding Mr
the
"The
issue
fronting
widespread
for
the
impression that the ICC is
so-called
traditional
bankers
more
than
was
concerned
in
serving
public interest will be confirmed." ■*
Halsey, Stuart & Co.,4 Inc., and Otis & Co. have sent the following
telegram to the President of the Pennsylvania, Ohio & Detroit RR
with copies to
Pennsylvania's directors and to the Interstate Com¬
''
Commission:"'
"
;
Stuart &
Co.
and Otis & Co.
and associates request
opportunity to submit a competitive bid for the $28 million or
thereabouts Pennsylvania, Ohio & Detroit RR. mortgage bonds to be
issued for refunding. ' "*
"In numerous instances in recent years, which are a matter of public
record, and with all which you must be fully familiar, railroads have
mads substantial savings by inviting competition for their financing
"Halsey
the
acquired Feb. 6, 1942.
pany
will
74,582
acquisition—
to
income
Net
subsid.
of
income
Net
first
competitive bidding
with
income
"Net
:::
their
and
bonds
subject to the approval of the Interstate Commerce Com¬
$1,712,565
274,583
Amort,
'
v%.
the
of
antee
from oper.
Other
its
to maturity.
terest, to yield 3.64%
Moves
taxesincome
bonds, guaranteed as to
new
principal, interest and sinking fund by endorsement by
The Pennsylvania RR., were priced at 101%% and in¬
355,722
12,489
733,623
The
July 1, 1968.
cost
12,000
905,260
the form
3%% bonds, series "D," dated July 1, 1943,
& ref. mtge.
the
735,078
11,515
pieces of senior railroad financing
of a public offering June,.25
largest
by Kuhn, Loeb & Co. of a new issue of $28,483,000 1st
prof, taxes
earns,
Inter,
its
the
and due
Net
part
in
of
months took
in
and* excess
in
line
pipe
Stated Periods
726,945
35,032
Offered—
Pennsylvania, Ohio & Detroit RR.—Bonds
One
coal
and
income
normal
Federal
>
A
Reserves
Erie
lieu of Fed.
profits
excess
company's
a
3,750,000
—Years Ended Dec. 31—
320,605
taxes
in
normal
.Flint, Pontiac, Jackson, Kalamazoo. Owosso and Battle Creek Divisions.
This
& amort.
depl.
Federal
company's next three largest customers amounted
recently completed
10,000,000
cumulative preferred stock.
9,253
Blair & Co.. Inc.—
company
59,879
16,169,339
624.801
152,726
for
$5,819,435 $18,707,523 $15,434,857 $13,535,453
1,554,695
3,989,541
3,989,541
2,723,370
341,162
277,395
431,155
141,832
2,210,000
2,435,000
2,925,000
1,159,738
revenues
oper.
Charges
sales.
total
98,501
4,155,305
for
State, local and miscell.
points near Detroit, Mich, and Muncle, Ind., and at the same time
acquired through purchase from Ohio Fuel Gas Co. a pipe line ex¬
tending from Muncie, Ind. to a point in Ohio near the Indiana-Ohio
boundary. Company also operates, as a separate unit, a minor trans¬
mission system located In the general vicinity of Kansas City, Mo.
Company presently
produces approximately one-half of its gas
requirements and purchases the remainder from others.
Company
recently entered into' contracts with Phillips Petroleum Co. providing
for the
purchase. of substantial quantities of gas produced from
acreage owned
and controlled by that company in the States of
Texas and Oklahoma.
Company will have to construct approximately
50 miles
of pipe line in order to reach
the point of delivery for
the gas to be produced from a substantial part of this acreage, which
has not been commercially developed.
Company's largest customer Is Michigan Consolidated Gas Co., which
purchases from the company the natural gas it resells * through its
distribution systems in Detroit and Ann Arbor, Mich, and environs.
During the 12 months ending April 30, 1943 sales in MCF (thousands
of cubic feet) to Michigan Consolidated Gas Co. amounted to approxi¬
mately 39% of the company's total sales.
During the same period
to
10,000,000
'53
4,000
revenue
Deprec,,
1932.
sales in MCF tho the
15,
346,582
Maintenance
Illinois,
in practical operation
_—
revenue
Operation
of Ohio into the State of Mich¬
was
5;4Q5.956
363,140
amortization
and
for
Reserve
The
In February 3.942 through purchase of the
outstanding securities of Michigan Gas Transmission Corp. the com¬
pany acquired control of the natural gas pipe line system extending
from the then eastern terminus of the company's system at Dana to
the
31,750,000
685,430
663.081
^
depreciation, depletion
contingencies
for injuries and damages
Reserve
The
9,750,000
1942
1941
1940
$5,459,600 $17,933,546 $14,688,263 $13,167,242
(revenue
Total
Detroit, Mich. The original system which ex¬
fields to a point near Dana, Ind., adjacent
Illinois-Indiana
the
corner
Kansas,
transport,
Gasoline
is
States
sales
Gas
engaged in the production, purchase, trans¬
mission and sale of natural gas, the major part of which is sold to
gas distribution companies for resale.
Company's principal natural
gas transmission system extends from
the Amarillo gas field in the
Texas
Panhandle
and
from
the Hugoton gas field in southwestern
the
liabilities
Deferred
ties
Apr. 30, '43
debentures;
through
10,000,000
5,000,000
4 Mos. End
sinking fund payments may be anticipated
and may be made in cash or debentures, and debentures retired other¬
wise than through the sinking fund may be credited against sinking
fund requirements.
Certain Pennsylvania taxes refundable upon proper
application.
Kansas
20,184,175
interest
The
bonds
of Earnings for
Summary
Dated June 15, 1943; due June 15, 1953..
Sinking fund, payable on June 15,1948 and on each June 15 there¬
after to and including June
15, 1952, sufficient to retire annually
':V
$14,776,700
—
par
no
term debt called for redemption
:
Gas service revenue impounded pursuant to court order—
New
(par $100*
5.60%
as
|
Business—Company
<807,367
Long
.
1945, inclusive.
iSeries designated
$10,000,000 10-year 2%% debentures, due June 15,
1953, at 101 and accrued interest.
,
:wa
12,000,000
248,965 shs.
147,767 shs.
810,000 shs.
807,367 shs.
"Bearing interest at rates from
1.65% to 2.30% inclusive per
annum,
and maturing serially from 1946 to 1950 inclusive.
ISeries B, C, and D, bearing interest at rates from
1%. to 1.50%
inclusive per annum, and maturing serially Nov. 1, 1943 to Nov.
1,
22 of
Am
r
(par ,,$100*
shares*
stock
preferred
stock
laws of
$6,250,000
12,000,000
—
notes
10-year
banking .group comprised of 18 members
headed by Glore, Forgan & Co., Kidder, Peabody & Co.,
and The First Boston Corp. made a public offering June
of
Outstanding
^6,250,000
series A
bonds,
3.962
1,
Jan.
•|Cumulative preferred stock
Common stock (no par)
Of¬
Co.—Debentures
lien 3%
Nov. 1, 1960
first lien 3%
first
&
B,
series
fered—A
$1,CC0,000
(Giving Effect to Present Financing)
Authorized
"First
semi-annual dividend of 75 cents
per share on the common stock, par $50, payable July 15 to holders
of record June 10.
Previously, the company made regular semi-annual
distributions of $1.75 per share.—V. 156, p. 346.
%
declared
have
directors
The
$105,270,411
term
In
Capitalization
and
Debt
Funded
First
vf
.
285,397
—
-
debt—.
Accounts • payable
(including payrolls of $26,863*
State, local and miscellaneous Federal taxes
Federal income and excess profits taxes
Long
preferred stocks.
B
40 cents
semi-annual dividends of
157, p. 348.
Hudson River
—
v
Total
Common
779.809
3,643,239
200,022
'66.552
__
Capital stock expense
Other
deferred charges
ended
6, 3.942 the company acquired from Columbia Gas & Electric
affiliate of the conj$$ny at that time, the following prop¬
*
11) all the outstanding securities (stock and indebtedness* of Mich¬
igan Gas Transmission Corp., for a cash purchase price of $10,624,715;
Corp.,
average
Prepaid expenses^--
Note—Federal
Acquisitions
Recent
Certain
On Feb.
First
Paterson &
Holding
of the SEC under the Public Utility
3,800,000 v
2,046,424
.
cost
impounded pursuant to court order
Cash
1935.
Company Act of
——
and
preferred stocks.
board of directors of the new company
will
consist
of the present board of directors of Pacific Southern
which includes all of the present directors of American Capital Corp.
Following are the proposed directors of the new company; C. A. Barker,
Jr.
(Vice-Pres.
& Treas. of Lockheed Aircraft" Corp.);
Asa V. Call,
(Pres. of Pacific Mutual Life Insurance Co.*; E. S. Dulin (Pres. of
Byron Jackson Co,*; Byron C. Hanna (Partner of Hanna & Morton,
lawyers*; Jonathan B. Lovelace (Investment Management; Pres. of
Capital Research and Management Co. and of Capital Research Co.);
Edward
D, Lyman
(partner of Overton, Lyman & Plumb, lawyers);
Henry S. McKee (Pres. of Pacific Southern Investors, Inc. and of
American
Capital Corp.); Lindley C. Morton
(Investor; director of
several corporations*; John C'Melveny (Partner of O'Melveny & Myers,
lawyers); Matthew Scott Sloan (Pres. of Missouri-Kansas-Texas RR.i;
William B. Wnite (Partner of Bradley, Baldwin, All & White, lawyers).
:?
respect ^to control and management of the company.
Following such
change in Stock ownership, there was a change in the management
of the company
involving the resignation of certain of its officers
and directors and the election of others to replace them.
Also as a
result of such change in stock ownership., the company ceased to be
erty:
Stock—Entitled to
Common
board
of
account
at the
—
—
anchsupplies at
Materials
2,9*75,620
^364,854
—
(net)
1,519,059
556,923
•
———_
at cost
notes,
Treasury
Accounts-receivable
Accrued
March,
purchased
rate of $5.50 per share per annum ana
is convertible at the option of the holder at any time into 4 shares of
preferred stock and in addition into 4 shares of common stock. This
stock is entitled to 20 votes per share and, in the event a total of 8
quarterly dividends are in default, it will have the right to elect a
majority of the board of directors so long as such* default exists.
a
S.
$89,032,512
——
^
working funds—"
Special/deposits
U.
—-j.--
Liabilities--
1943, Columbia Oil & Gasoline Corp., at that time the
beneficial owner of approximately 50.1% of the outstanding common
stock of the company, sold such stock to Phillips Petroleum Co., which
dividends).—This stock is entitled to
accrued
per share and
cumulative dividends
$100
funds
in J4anks and
Cash
Cumulative
In
Preferred
..--AAA,
•
——
—
——
and
Investments
solved.
is a summary of the capital stock 6f the new company,
giving effect to exchange of all outstanding stocks of American Capital
Balance Sheet, April 30, 1943
•
/plant and equipment——
Property,
1943 the company acquired all of the assets and
assumed all of the liabilities of Illinois Natural Gas Co. arid Michigan
Gas
Transmission
Corp.,
its wholly-owned subsidiaries,
and sur¬
rendered
for cancellation and extinguishment
the capital stock of
the
former
and
the capital stock and indebtedness of the latter,
owned by
the company.
The subsidiary companies were then dis¬
31,
March
;r.r
Intangibles
Developments
General
Recent
iV '
Assets—f
Co.
Gas
dated
Following
and
connecting
of
Co.
Gas
On
."'-r-'V; j';.:
1
f
-
into a contract with East Ohio Gas
furnish a part of the natural gas
requirements of that company.
Sales to East Ohio Gas Co. under
this contract will commence upon each party's obtaining the neces¬
sary
governmental approval and upon construction by East Ohio
Investors, Inc. will be the continuing corporation
with its name changed to Pacific-American, Investors, Inc., and with
its charter amended to define the rigjhts and preferences of the new
\:M
-
,
Company has recently entered
in which it has agreed to
Co.
Southern
Pacific
1
T'
of Battle Creek, Michigan and
requirements for the City
gas
$1,350,000
1,350,000
to
Co.—1
1,350,000
475,000
Harris, Hall & Co. (Inc.)
Co.—
Eaker, Weeks & Harden
300,000
300.000
300,000
A
G.
H.
Walker
Mitchum,
The
Dean
Tully
Wisconsin
Witter
-M*
j
&
Graham, Parsons & Co.
&
&
Co.
300,000
Co
.
i
300,000
Co.—
>
•
.
i
i
believe
the
pursue
Pennsylvania RR. will find it equally advantageous
Pennsylvania, Ohio & Detroit
'
'
Pennsylvania Salt Mfg. Co.—Earnings—
375.000
475,000
475,000
475,000
475,000
475,000
we
this course in the proposed
refunding."—V. 157, p. 1088.
$475,000
375,000
375,000
White, Weld & Co
Hallgarten &
and
1943
1942
1941
1940
etc.—
$1®316,528
$1,622,128
$1,766 127
share——
$8.78
$10.81
$1,689,379
$11.26
12 Mos. End. March 31—
Net
?.
profit after deprec.,
Federal
"Earns,
taxes,
psr
"On the 150,000
'
-
shares of capital stock.—V. 157, p. 1948.
'$11.77
shares
100,000
Co.T~Liquidation Approved—
Peoples Coal
approved June 18 a plan to liquidate the company, which
its assets of ..accounts receivable totaling $13,000 to
the West Kentucky Coal Co., which would surrender
$10,000 of capital stock for cancellation.
West Kentucky Coal Co.
is
an
indirect subsidiary of the North American Company.—V. 98,
shares
its
transfer
parent,
309.
p.
'
-
.
Peoples Light & Power
were
record
The SEC
would
April
issuec^ as a
24.
Therefore
holder
shares,
156,
868.
p.
Pfeiffer Brewing Co.—25-Cent
SEC—
the SEC pursuant
filed with
been
have
Declarations
to the Public
Peoples and two of its sub¬
and Texas Public Service Co.
in the form of an amendment designated as amendent No. 5 to the
application for approval of a plan for compliance with Sections 11 (b)
(11 and 11 lb) (2) of the Holding Company-Act, and by Consolidated
Gas and Electric Co. and its subsidiary Peoples Gas Co. A statement
Utility Holding Company Act of 1935 by
sidiaries, namely, West Coast Power Co.
proposed are summarized as follows:
West Coast proposes to issue and sell a new series
<11
$708,000.
connection
of its first
the
representing the amount by which the proceeds of sale of the afore¬
properties in Oregon exceeds the amount required to retire
all the old bonds.
It is stated that the only expense to be incurred in
mentioned
and sale of the new bonds will be legal
estimated not to exceed $5,000, and that
the issuance and sale of the new bonds are subject to approval by
the
P.
U. Commissioner
of Oregon.
<2i West Coast proposes to distribute $754,400 in cash to Peoples
as a partial liquidating dividend, which transaction is said to represent
an
essential step in the consummation of the plan proposed in the
application. The amendment states that as a result of the sale of the
Clatskariie and Oregon Coast properties, the sale of the new bonds
and the application of the proceeds from such property sales and the
sale of the new bonds to the purposes and in the manner set forth
miscellaneous
and
in
expenses
above, West Coast will
(1)
paragraph
issue
the
with
connection
have funds in excess of its
working capital in respect of its remaining properties.
In
connection witn this proposed partial liquidating dividend, the stated
for
needs
shares of no par value
common stock will be reduced from $1,150,000 to $650,000, a reduction
of $500,000; the capital surplus on the books of West Coast will be
decreased by $254,500; and the certificate for said 11,500 shares of
common
stock owned
and
held
by Peoples will be appropriately
Stamped to evidence this distribution in partial liquidation.
(3) Peoples proposes to contribute $1,000,000 in cash to the common
stock
capital of Texas Public contingent upon the acquisition by
Texas Public of gas utility assets of Peoples Gas Co.
The amount of
such contribution when received will be credited to capital surplus
and subsequently transferred to
the common stock capital account
of Texas Public.
It is stated that such contribution will improve the
earning power and capital structure of Texas Public.
(4i Texas Public proposes to purchase and the Consolidated Electric
and Gas^ Co.
proposes to
sell all the outstanding 4,950 shares of
common
stock
($100 pari
of Peoples Gas Co. for approximately
$1,246,000 in cash, subject to certain adjustments provided in the
purchase agreement between the two parties dated " May 26, 1943.
Peoples Gas is a gas utility company engaged dn the purchase and in
the distribution at retail
only of natural gas in the cities of Port
Arthur,
Port Neches and Nederland, Texas, and environs.
In the
amendment, it is stated that Texas Public has been designated by
Peoples as the principal utility system of the Peoples holding company
system in proceedings before the Commission under Section 11 of the
Act, and that the properties and assets of Peoples Gas will form a
part of such system. No fees or commissions are proposed to be paid
to anyone in connection with the proposed acquisition.
Expenses for
acquisition are not expected to exceed $10,000, and expenses of the
sale are estimated as not to exceed $500.
(51 Upon the acquirisition of Peoples Gas stock bv Texas Public, it
is proposed that Texas Public will acquire aft the properties and assets
of Peoples Gas through the distribution thereof in complete liquidation
to Texas Public, the then sole stockholder of Peoples Gas.
In con¬
nection
with such liquidation Texas Public will surrender
all the
issued and outstanding capital stock of Peoples Gas to Peoples Gas
for cancellation.
Texas Public will assume the related liabilities of
Peoples Gas which will be dissolved.
<6i Consolidated proposes to apply the proceeds
from the sale of
the common stock of Peoples Gas
to the acquisition on the open
market through brokers and the retirement of approximately $1,506,000
principal amount of Southern Cities Utilities Co., 30-year first lien
and collateral trust 5%
gold bonds due April 1, 1958, assumed by
value
the books of West Coast of its 11,500
on
<
Consolidated.
with
proposed
the
sale
of Peoples
may redeem
Public.
Hearings
.
on
the foregoing will
be held by the SEC on June
30.—
1465.
V. 157, p.
distribution was
19, 1942.—V, 157,
$12,000,000
■'■''a
Net sales
step in the liquidation
10,903,919
9,221,739
7,190,935
10,415,846
79,801
103,152
14,254,959
92,525
100,844
99,465
61,669
9,574,560
86,620
44,760
14,918,087
258,544
242,589
14,448,329
36,407
408,138
10,576,981
104,485
489,344
9,705,941
107,596
530,695
outstanding common
9/40 of a share
and 31/40 of a
share of new common.
Earnings for 1942 applied to the 2,369,076
shares of preference common are equal to $6.05 per share on this
stock, which will be followed by 8,160,154 shares of new common.
•Frov.
The
preference common will have a
$1 over the common stock and
new
of
•
cumulative
preferential,
through the conversion
directors
The
of
and
Walter
are
to fill vacancies
and the resignations
directors
Zimmermann
E.
Edward
Long,
Publishing Co.; John A.
North America, and
Philadelphia Electric Co.—
Fuller, President of the Curtis
D.
the
of
Vice-President
Porter,
157,
E.
Walter
and
4(4 %
dividends
Dividend
Power Co.—Bonds
Electric
Earnings
15th
on
gold
bonds
available
in
•
.s:
'
subsidiary.
amounted to $342,000
1941, and $333,467 in 1940;
Comparative Balance Sheet, Mar. 81, 1943
and
Advances
operating
(& Subs.)—
1941
profit after taxes and charges
430,527
*360,148
"Loss.
i.
is in reorganization proceedings
of the Federal Bankruptcy Act.—V. 157, p. 2256.
company
Pere
Marquette Ry.—Earnings—
-1942
1943—Month—1942
1943—5 Mos.$3,496,087 $22,355,746 $16, ,404,080
Period End. May 31—
$4,546,825
income
S. & Canada
U.
will,
1943
$2,764,314
1942
$2,759,476
1941
$2,561,646
pensation, storage, etc.
3% debentures
Cumulative preferred stock (par
Common stock
(par $10)__r
801,545
700,068
Earned
693,436
367,762
86,586
128,253
130,555
Taxes
$1,635,931
676.000
11,776
99,915
*
135,000
$1,733,325
641,766
33,622
191,951
t
257,552
251,212
245,056
$734,418
charges
$833,489
$614,774
income
tax
depreciation)
avail,
157,
for
divs._
in
above
up
taxes.
(Included up above in operation.—
2256.
p.
Ry.—Reorganization Up to
Western
Court—
The question
under
of whether or not the amended plan for reorganization
be approved, is now in the hands of Federal
77B should
Section
William H. Kirkpatrick for a decision.
No ruling is
expected for about a month as the matter was sent back again to the
Pennsylvania Public Utilities Commission for approval of three minor
amendments.
Judge Kirkpatrick directed the Commission to file a
District
report
157,
Judge
July
by
after
12
2050.
p.
which
he
will
hand
down
his decision.—
Net
1,027,544
956,765
$3) at 24%, with a commission
969,343
V.
2,015,712
2,015,712
872,673
269,564
256,477
and loss—-—
and General Manager of the Michigan
M'ch., and Wilbur S. Manning, Assistant
Atlas Powder Co., of Wilmington, Del., have
been elected directors to fill vacancies created last i^ionth when Robert
R. Young and Allan P. Kirby resigned from the board—a step toward
eliminat'on of interlocking directorships of the Chesapeake & Ohio
Lines.—V. 157, p. 2256.
Sales
Giles, Vice-President
L.
John
Co.,
St. Louis,
of
of
Director
the
Petroleum & Trading
Corp.—To Pay 35-Cent Dividend
declared a dividend of 35 cents per-share on
the class A stock,
par
$5, payabie June 30 to holders of record
June 23.
This compares with a dividend of 45 cents and an extra
of 12 cents paid on Dec. 15, 1942, 25 cents paid on Aug. 5, 1942, and
10 cents on March 12, 1942.—V. 156, p. 2138.
•
directors
The
Pfaudler
have
Co.—Dividends
on
New Stock—Par "Walue
Changed—
cash dividend of 25 cents per Share
$20 par value, payable July 1 to
19.
On Aoril 23. last, the stockholders annroyed a proposal to increase
the authorized common stock from 20,000 shares of $100 par value
per share to 125,000 shares of $20 par value.
Of the new stock,
The
on
directors
the
holders
new
of
have
common
declared a
stock of
record June
of 75 cents per share.—
157, p. 2352.
Inc.—Report for Fiscal Year
fiscal year ended
March 31,
1943, reached an all-time peak of $141,046,615, up about
25%
from the $112,309,839 of sales in the preceding year, the com¬
pany's .annual report disclosed June 23.
Due principally to higher prices for leaf tobacco and increased Fed¬
eral income tax payments, net income of the company for the year
ended
March 31,
1943, showed a decline of nearlv 11%
from the
previous fiscal period, or to $6,930,933 from $7,784,135.
Net for the
latest year was equal after payment of annual dividend requirements
on
147,501 outstanding shares of 4 V*%
series and 49,666 shares of
4>/2% series cumulative preferred stock to $6.12 a. share on the 999,207
shares of $10 par common stock outstanding.
For 1942 net equaled
$8 a share on
the 894,026 shares of common stock outstanding.
Improvement in the financial position of the company was revealed
in the balance -sheet as of March 31, 1943, showing current assets of
$82,066,049 compared 'with $62,197,298 a year earlier and current
liabilities of $15,117,635 against
$17,204,121 as of March 31. 1942.
The
rise
in current
assets reflected the increase in inventories to
$70,569,578 from $53,143,337; in net accounts receivable to $8,219,378
from $6,520,261, and in cash on hand to $3,175,093 from $1,936,691.
Decline in current liabilities principally reflects the absence of bank
loans from
the March 31, 1943, statement.
On the like 1942 date
$4,250,000 of notes due to banks was included.
Commenting on the inability of the management to offset the effectf
of increased costs on earnings, O. H. Chalkley, President, said:
i1
volume
"Possible
baccos
have
of
sales
been
of
the
company
for
its
in the prices chargeable for cigarettes
under discussion for a considerable period
increases
Dividend Action Taken—
action on a dividend on
issue
April
on
the 6% cumul.
A distribution of $1 per sha|;e was
which was the first payment
last,
26,
1926.
in its announcement said: "Because of uncertainties
the
still unsettled • question
of miners' wages and
January,
The
company
connected
with
conditions, consequences of continued Government control
operation of the company's mines, the board of directors found
impossible to take action on the declaration of a dividend on the
preferred stock."—V. 157, p. 2256.
working
it
Poli-New England
York
New
Theatres, Inc.—Tenders—
corporate
Co.,
Trust
and to¬
of time.
trustee,
100 Broadway, N. Y.
close of business July 21, 1943, receive bids for
the
sale to
it of first mortgage bonds, due Nov.
15, 1958, to an
amount sufficient to
exhaust $119,929.99 at prices not in excess Of
the redemption
prices thereof.
The tenders will be opened at 11
a.
m.
on July 22.
Bonds accepted must be surrendered to the trustee
on or
before July 29, 1943 on which date interest thereon will cease.
—V.
until the
will
156, p. 2309.
Co.—Earnings—
Pollak Manufacturing
1943
1942
$6,870,450
798,294
579,500
$3,693,197
425,725
325,000
$218,794
$1.82
$100,725
$0.84
Quarter Ended March 31—
sales
------
before
taxes
.
Provision for Fed. income & excess
Net
"Earnings
"On
T.
profits taxes
profit
share
common
per
.
shares.—V. 157, p. 1466.
120,000 common
(H. K.) Porter Co., Inc.,
Philip Morris & Co., Ltd.,
Dollar
New Directors—
g
Chemical
stock (par
872,673
256,477
profit
of 45,002 shares of common
3.009,024
463,051
269,564
income
Stock Exchange
199,232
202,708
Balance transferrable to
>
Corp.—Special Offering— Smith, Barney & Co.
23 made a special offering on the New York
468,904
taxes—
operating income-
railway
June
this
on
since
Net
.
536,530
674,325
Other
Net
Philco
on
1274.
preferred stock, par $100.
partic.
$1,862,076 in 1943 and $1,621,416
for depreciation of
p.
directors have taken no
The
&
......
$89,074,890 $68,818,630
—
157
Pittsburgh Coal Co.—No
The
City,
Philadelphia
16,632,920
and
Retirement expenses (or
"Included
18,465,873
0rl,O33
in treasury.._
ser.
14,899,100
7,284,260
10,570,165
$603,185
21,770
deducts.
oth.
$1,871,344
538,781
106,521
$1,308,875
552,687
earnings
4(4%
3,424,698
8,007,487
1,773,938)
11,700,000
19,716,700
8,336,070
15,739,646
—
pfd. stk.,
$8,000,000
300,000
7,916,665
com¬
$100)
surplus
1942.—V.
made
Bal.
$5,127,032
surplus
Capital
1940
$2,459,922
1,087,677
Federal
additional,
taxes,
sundry
for
Total
31—
revenues
&
______
payable (banks)
payable
Twenty-year 3%
debentures to be redeemed
or
for which provision for redemption is to
be made, within one year
Provision for Federal taxes on
income
Accounts
in
Operation (incl. maint.)
12 Mos. End. May
3,614,170
67,835
$89,074,890 $68,818,630
Total
"Less allowance
2,986,536
156,927
taxes
& excess profits
machinery and equipment
trade-marks and brands, at cost—
"Buildings,
10,809
under Section
Philadelphia Suburban Water Co.—Earnings—
Net
-
-
•/ 115,283
3,603,805
50,000
—.......
of excess profits tax
Land
Cumulative
Amort.
235,965
10,800
370,000
118,998
subsidiary
in
511,721
468,750
Notes
and Granting
will until 3
$49,056,065 $38,107,928
income
Net
V.
Gross
supplier..
wholly owned English
to
investments
1,474,489
738,534
406,250
charges to oper.
......
1,474.489
r
Post-war credit
Good
102,000
.
Liabilities—
1942
sales
Interest
53,143,338
trustee for re¬
debentures
Prepaid expenses and deferred
Profit
•
of 20-year 3%
Investments
Earnings—
Gross
70,569.578
etc,
sinking fund held by
in
demption
f1
1942 $
$3,157,417
6,254,827
1943
Provision
12 Mos. Ended March 31—
1943,
$3,175,093
8,219,378
Twenty-year
Net
in
depreciation
for
tobacco,
Cash
I**
•
Philadelphia & Reading Coal & Iron Co.
77-B
$8.38
882,396/-
in
deposits in bank and cash on hand—
(less reserve).
Inventories of leaf tobacco, cigarettes, smoking
receive bids for the same to it of 5% collateral
of 1957 to an amount sufficient to exhaust $109,515.11
the sinking fund.—V. 157, p. 557.
Note—The
$8.14
Assets—
28,
June
p.m.
$8.00
employees,
and
Note—Provision
Called—
Company for Insurances on Lives
Chestnut Sts., Philadelphia, Pa.,
and
4,370,897
$6.12
1
§ Excludes wholly-owned
iary.
as of Aug. 1. next, a total
105 Vz and
Fidelity-Philadelphia Trust Co.,
Broad St., Philadelphia, Pa.—V. 157, p..45.
135 South
Pennsylvania
79,710
4,464,327
894,010
$335,236 in 1942, $384,663 in
Philadelphia Rapid Transit Co.—-Tenders—
The
633,231
4,469,928
894,026
accordance with authorization of
stockholders at meeting of July 20, 1937. (Includes $3,338,091 (after
deducting $370,000 post-war credit) in 1943, $2,521,500 in 1942 and
$187,404 in 1941 for excess profits tax. (Includes wholly-owned subsid¬
gold bonds, 514% series, due 1972, at
trustee,
83,806
•
stock.
share
officers
"To
Payment will be made at the
successor
7,435,766
r/J\
831,235
4,259,651
999,207
outstdg.
per
5,214
—
—
—
com.
on
shares
Com.
redemption
for
called
of $245,000 of 1st mtge.
interest.
Annuities,
>—
Investment
been
have
There
7,360,669
6,930,934
year.
A, divs._
series cum. pfd.
ser.
Other
Philadelphia
7,792,565
34,128
'
-—-2,832
1,594,924
^cumulat. pfd.
conv.
stock,
2050.
p.
Income for
Net
5%
President of the Insurance Company of
Diemand,
V.
three
elected
22
John
of
all of whom were executive:*
directors of the United Gas Improvement Co.
The new directors
Bodine
»——
(2,622,483
13,679
(7,472,341
tax
Accounts. receivable
June
on
death
the
by
W.
W.
___—
(6,211,217
——
-
inc.
Fed.
for
Demand
New Directors—
caused
exch.
foreign
deductions—
Prov.
be
may
comp.
fluctuations
Other
converted into commap on a share for share basis
for the first three years arid at gradually reduced rates during each
succeeding period of three years until the conversion privilege expires
—12 years after original issuance of the preference stock.
The
United
Gas Improvement Co.
originally owned 97% of, the
Philadelphia Electric Co. outstanding common stock.
Under the par¬
tial liquidation plan holders of each share of United Gas Improve¬
ment common will receive, in addition to other securities, one-third
share of Philadelphia Electric new common and holders of each share
of United Gas Improvement preferred will receive three shares of the
new $1 dividend preference common, and $40 in cash.
feature
paid —
for add'l
for
Adj.
new
dividend
profit
Interest
present
of
share
income
Total
of the parent com¬
Philadelphia Electric is being exchanged for
$1.00 dividend preference common stock
of
the
each
reclassification
the
In
■■'•I.
14,735,134
Other
United Gas Improvement Co.
The offering was
at $25.75 per share at which price the yield is 3.88%.
The stock, the bankers state, will be free of Pennsyl¬
vania personal property tax.
stock
56,578,663
12,419,559
pany,
of
73,344,159
67,714,480
expenses.,—
Net
June 22, offered 5,000 shares of the new $1.00
preference common stock, which is being is¬
sued in the reclassifying of the company's present com¬
as a
ft"
87,352,065
profit from oper.
Dividends
received—
admin,
on
stock
."J"
.
Shipping, sell,, gen. arid
dividend
mon
$1940
t1941
J :
141,046,615 112,565,201
113,891,923
87,406,322
—
sales
of
Cost
Philadelphia Electric Co.—New $1 Dividend Prefer¬
Common Stock Offered—Yarnall & Co., Philadel¬
phia,
Ended March 31
Comparative Income Account lor Years
§1943
$1942
stock,
Gas
by Texas Public, Peoples Gas
and retire,
prior to said sale, its outstanding first mortgage bonds due in 1961,
in the principal
amount of $675,000 with funds borrowed for that
purpose from a bank or banks.
Peoples Gas would issue a promissory
note, or notes, to such bank or banks in return for moneys loaned.
In the event of such retirement of Peoples Gas bonds, Consolidated
has been advised by Texas Public that the bank loan will be paid
in
full soon after the
acquisition of Peoples Gas stock by Texas
request
upon
on
V.
connection
In
<7i
Distribution—
of
loans
the declaration of a dividend
value common stock, payable
par
no
the excess being added to working capital.
Bank
made to finance the purchase of tobacco leaf
of the 1942 crop was retired by sale of stock and debentures during
March, 1943, which netted $12,496,295.
Excess was added to working
capital
•
,
'netting $10,936,311,
ence
foregoing, it is stated that West Coast
recently sold the properties and assets comprising its Clatskariie Dis¬
trict and its Oregon Coast District for an aggregate cash consideration
of $885,000 subject to certain adjustments.
As required by the provi¬
sions of the original indenture securing the old bonds, the proceeds
of
$885,000
from such sales have been deposited with the trustee
thereunder, and* a portion themjf will be applied to the retirement
of the old bonds.
The new bonds will be issued under the original
indenture, which is to be modified by a proposed first supplemental
indenture so as to permit the release from the indenture of $177,000,
with
the
on
retired through sale of stock and debentures
000,000 of bank loans were
1850.
p.
designated as first mortgage bonds, series B 4%
("new bonds"), to be dated June 1, 1943 and to be due June 1, 1SG3,
in the principal amount of $600,000.
It is proposed to sell the new
bonds at 100% plus accrued interest to Provident Mutual Life Insur¬
ance
Co. in a private transaction not
involving a public offering.
The proceeds from sale of the new bonds will partially reimburse West
Coast for certain funds which are now deposited with the^orporate
trustee under the original indenture and which are
propdpd to be
applied in part to the retirement of all the outstanding first mortgage
4(4% bonds ("old bonds"), due June 1, 1965, in the principal amount
In
share
announced
21
June
on
per
to holders of record July 24.
A similar
April 1, last, and on March 10 and Sept.
14
made
mortgage bonds to be
Of
cents
25
Aug.
transactions
the
of
directors
The
of
that agency."
'v/;.
'>•
...
Expanding business and rising costs of tobacco leaf necessitated
two financing operations during 1942 and 1943.
In May, 1942, $8,-
by
the stock¬
$100 par value,
share of
common
action by the Office of Price Administration
predict what action, if any, may be taken
Any increases depend upon
and we do'not venture to
dividend of $1.56 Yt per share on the $20 par
with $1.50 per share paid on the old stock on
last and in each of the last three quarters of
compared
April 1,
as
1942.—V.
Co.—Declarations Filed With
old
a
and
2
Jan.
•
each
on
receiving
is
issued and outstand¬
additional 25,000 new
stock dividend on April 26 to stockholders of
.■//; ?;
' ;' a*,
issued in exchange for the
of $100 par stock, and the
were
shares
20,000
ing
2455
FINANCIAL CHRONICLE
THE COMMERCIAL &
*
Number 4189
Volume 157
M.
Evans,
Pittsburgh, Pa.—Acquisition—
President, on June 21
announced the purchase by this
of Quimby Pump Co., with plants at Newark and New Bruns¬
wick, N. J., manufacturers of a full of pumps, including
screw,
centrifugal and rotex types used in industry.
At present, the Quimby
company is also building considerable quantities of pumps for both
the Navy and Maritime Commission, it was stated.
The Quimby plants will be operated as a division of H. K. Porter
Co.,
Inc.,
a
manufacturer of industrial locomotives and chemical
processing equipment, Mr. Evans said. The purchase, he said, was
made in order to further diversify H. K. Porter Co., Inc.'s line of
company
products.—V.
148,
p.
1180.
Postal Telegraph, Inc.
Period End.
Oper.
Oper.
April 30—
lev.—after adj._
deductions—
rev.
(&
operating revs—
*$225,596
Ordinary income—noncommunication
Crl,475
Net
income
from ordinary
Gross ordinary
Deducts,
income
Net
"Loss.
—_
—
ordinary income.
Subs.)—Earnings-
1943—Month—1942
$1,983,823 $1,986,265
2,209,419
2,275,147
1943—4 Mos.—1942
$7,532,914 $7,587,339
8,793,979
&;052,624
*$288,882 *$1,261,065 *$1,465,285
s
*$227,071
Cr4,755
3,868
*$288,301 *$1,265,820
*$1,461,417
581
*
31,078
*$258,149
121,521
58,609
*$304,758 *$1,387,341
*$1,520,026
16,457
bargaining contract
collective
renewed
providing for more than
which
union,
Provident Loan Society of New
(The)
record
V.
of
as
of
16
June
the
society's certificates of
the rate Of 4VtcIc
Sell.,
expenses
per annum.
632,457
146,444
103,555
127.283
126,851
136,818
229,468
103,654
231,531
2,515,290
$536,042
$6,818,375
Federal
Other
Dr4,233
6,425
79,657
$542,469
$6,066,610
277,989
278,837
$6,898,033
3,347,418
$402,632
$263,631
$3,550,614
$2,714,749
taxes
revenues
Other income (net)
Balance
amort.
&
Interest
Balance
Prior
dividend
preference
157,
550,000
7•
-iVsr«.
.•••••
dividend of
A
/
** •;
V-..
cents per share
25
A. Commui
R. C.
oper.
amortization.
If All
wholly-owned
active
(a) subsidiaries in Germany
$629,534
$672,198
$2,580,681
depreciation of properties, charged to opera¬
the investments in which were previously written off.
Undistributed earnings of foreign subsidiaries consolidated at
31,
amounting to $2,270,682 in
1943, $2,044,998 in 1942,
$1,626,664 in 1941, and $1,540,601 in 1940, included in consolidated
earned surplus, may be subject to statutory or exchange restrictions
and, upon distribution as dividends, to foreign and domestic income
taxes not provided for in the accounts.
$2,843,919
425,650
465,792
1,660,416
1,913,225
revenues—
Net oper.
$203,884
$206,406
8,414
7,102
28,794
,
...
Assets—
27,645
$212,298
$213,508
$949,059
7,910
6,846
Cash
drafts and notes receivable—
.Unbilled costs and fees on cost-plus-fixed-fee
contracts
1
tAccounts,
$958,339
7,865
Operating income
income (non¬
;
5,781
Ordinary
communication
Gross
Net
220,163
221,418
942,213
30,553
40,323
125,146
$211,543
$190,865
$901,896
$838,974
18
937
2,335
Extraord.
income
(Cr)_
Extraord.
income
(Dr)
Income
transferred
surplus.
157, p. 1852.
earned
775
797
The
$902,030
$837,693
17.
June
ization.
578,700
512,100
2051.
$88,479
$323,330
$53,408
America—Army-Navy "E" Presentation
1943—Month-'-l&j^
Total
oper.
revenues—
revenues—
$38,852
Total
oper.
deductions-
56,311
Cr7,943
revenues-
oper.
*$17,459
income
__
*$16,059
$56,530
776,643
$75,909
$424,775
$705,742
102,890
68,819
'350,560
633,276
$20,527
$7,090
$74,215
$123,417
Net
157,
p.
750
loans
$669,068
accounts
4,726,781
3,068,485
1,706,292
and
S.
stock
Common
($1
surplus
surplus
Capital
Net rev. from
31-
1943—Month-r-1942
$9,653,937
6,383,515
restricted to use on Government contracts.
in 1943 and $1,011,501 in 1942.
tLess
reserves
for depreciation and obsolescence of $4,131,742 in 1943 and
$3,612,176 in 1942.
§Less reserves for depreciation and amortization
(including $324,191, March 31, 1943; $621,539, March 31,- 194?, on
buildings not used in operations) of $16,322,648 in 1943 and $15,711,759
in 1942.
**Including $69,068 as to 1943 and $724,603 as to 1942 pay¬
able in foreign currencies.—V. 157, p. 1468.
"Includes
tLess
$2,212,652
of
reserves
5,368,833
1943—5 Mos.—1942
31,817.210
>1,518,316
income
Equip, rents, net debit
Jt. facil. rents, net deb.
$1,752,105
$1,881,969
operating
rv.
157,
income
2156.
oper,
p.
106.571
37,467
$1,608,068
$9,733,686
230,408
32^659—
$8,543,203
799,637
1,019,608
166,826
134,674
-
$1,618,902
$8,767,223
135
1—
$54,838
$71,201
$116,491
$168,825
33,428
33,427
133,707
133,719
$21,410
$37,774
after
income
fixed
4
charges
"Includes
accrued
interest
outstanding
on
$7,388,921
$35,106
bonds but unpaid. '•
t$17,216
157,'p. 2156.
tDeficit—V.
Ltd.—75-Cent Dividend
St. Lawrence Paper Mills Co.,
has been declared on account of
preferred stock, par $100, payable
July 18 to holders of record June 23.
Like amounts were paid on
Jan. 15 and April 15, last, and on Jan. 15, April 15, July 15, Oct. 15
and Dec. 21, 1942.—V. 157, p. 1276.
dividend
A
of
accumulations
cents
75
the
on
per
6%
share
cumul.
St. Louis Public Service Co.
(& Subs.)—Income Acct.
revenue
and
$20,639,191 $15,591,103
12,597,354 10,879,736
2,099,881
1,652,276
1,806,030
1,623,853
1,321,447
42,000
:
income
State
of war facilities
and excess profits taxes—:—
amortization
Federal income
taxes
operating
$2,814,479
income
30,298
income
Other
$2,844,777
Total
Interest
Net
1,195,008
indebtedness
on
:
—
Consolidated
1942
$1,672,007
812,150
-
Net
profit
Earnings
—V.
per
—1
common
$756,621
$0.67
share
$859,857
*
$0.77
157, p. 2353.
Richmond Radiator Co.
Quarter Ended March 31—
Federal
before
after ' income
—V.
taxes......
taxes...
mgs—
1942
1943
$49,086
32,286
$176,995
101,917
157, p. 1565.
$1,421,610
1,239,461
Balance
Sheet,
Dec. 31,
$182,149
1942
Assets—Property, plant and equipment, $51,890,057; investment in
Florissant Construction, Real Estate and Investment Co., $1,127,396;
other
assets,
cash on deposit for special purposes, $139,195;
supplies for construction and operation, $753,703; work¬
$136,429;
materials and
ing funds, $58,510; accounts receivable (less reserve of
U. S. Treasury certificates and bonds, $75,411; cash in
prepaid
hand,
$3,150,066;
total,
insurance,
taxes
and
$210), $51,869;
banks and on
$409,738;
expenses,
$57,792,375.
Liabilities—Class
A
stock
($1
par),
$203,749;
surplus arising from
of funded debt, $539,576; surplus arising from conversion
convertible income bonds, $2,283,730; surplus from opera¬
since Nov. 15, 1939, $1,361,461; funded debt, ($24,395,255; reserves,
purchase
of
25-year
sinking fund and liabilities provided for by
installment equipment notes due in. 1943, $569,231;
$25,954,599;
$123,579;
deposits,
accounts
payable, $469,824; accrued wages, $382,900; outstanding tokens, $69,058;
employees' deposits, $8,328; provision for estimated Federal normal
and surtaxes, $41,050; other accrued taxes, $613,153; interest accrued
on
funded debt, $713,852; deferred credits to income, $63,029; total,
$57,792,375.—V. 157, p. 2257.
St. Louis0 Southwestern
a
the
for
Ry.—Objections Filed to ICC
foreign
bondholders'
protective
Reorganization
committee
of the
unifying mortgage 5% bonds due 1952 has filed
brief in the Federal Court at St. Louis in support of objections to
terminal
first
the* plan of
1,011,161
2,758,200
$1,393,243
28,367
$1,649,769
175,960
income
Dividends
and
reorganization apprqyed. by; the^Interstate Commerce
Com¬
"'V;'"
mission.'
objectors of the terminal
marized in the brief as follows:
The
■
1941
1942
Years Ended Dec. 31—
Counsel
1943
Quarter Ended March 31—
bondholders
to
the plan
are
sum¬
deprived of their first lien upon assets stated by the
Commission to have a value of- $§,634,170, although the actual .value
is claimed by us to be substantially higher.
(2) They are deprived of
their lien upon the equipment and the
benefit of the replacement clause.
(1)
They
(3)
The
mature
are
new
Jan.
1,
consolidated
1992,
as
mortgage bonds proposed to be issued
a maturity date
of 1952 for .the
against
terminal bonds—a postponement of forty years in maturity.
(4) The interest rate upon the new consolidated mortgage bonds
is 4% instead of the 5% which the terminal bonds now bear.
*•
(5) They
are
deprived of their third lien upon the road, and
although the new consolidated mortgage bonds are in effect a second
lien, it is to be noted that the terminal mortgage also has at the
present time what amounts to a second collateral lien upon the road,
through the pledge under the terminal mortgage of almost $7,000,000
t>f present second mortgage certificates.
*,
Characteristics of the new securities to bo issued to. the terminal
bondholders
also
prove
"the
confiscatory features of the
plan,"
present
.
Rike-Kumler Co.—-To Pay
A
$3,270,422
*
Plan—Foreign Holders Oppose Suggested
25,832,318
accruals—
Net
$985,014
$8,402,588 $48,675,534 $39,834,427
$3,033,755 $16,858,324 $14,002,109
1,151,785
7.124,638
5,458,906
—V.
8,836,550
9,382,506
$78,432,986 $63,100,898
—
Net
railway
operations
tax
8,836,550
12,542,493
;
—
Net
Reading Co.—Earnings-
Ry.
4,623,296
1,743,040
to
operating revenues
operating exps
Net
tions
'
merger must be completed between, now and Dec. 31,
the Commission order.
Shares in Oakland Terminal
will be exchanged for shares in the Key System, it was annbWed.—
V. 156, p. 1244.
b\
By.
par)
15,000,000
4,623,300
1,743,040
sinking fund debentures
preferred stock ($25 par)
$4.50 cumulative
201,120
2,635,734
2,400,000
14,462,000
notes)
(serial
555,219
131,690
2,456,742
1,800,000
-
loans
857,848
643,736
$4,525,982
The
period End. May
79
charges—
765,674
8,184,060
6,579,531
after one year
due
$1,324,603
2,466.163
2,485,027
1,640,058
901,859
Dividends payable
225'
; The Key System, a subsidiary, on June 19 was granted permission
by the California State Railroad Commission to merge with the Oak¬
land Terminal RR. Co., another subsidiary. Latter is operated by Key
By.
By.
$71,280
79
charges
fixed
Net
13,541,419
and completion of service contracts.
foreign income and excess profits
(estimated)
Advances on U. S. Government contracts
taxes
Special
according
$168,960
$54,917
frm.- inc.for
fixed
"Total
Reynolds Metals Co.—Earnings—
Railway Equipment «fc Realty Co., Ltd.—Merger—
System.
$116,615
124
3,328
1
$78,432,986 $63,100,898
coupons
U.
to
surplus
*Loss.—V.
'
187
inc.
transfer,
inc.
earned
$153,350
15,610
16,844
available
Operating
1
etc.
payable
Commissions, salaries and wages.:
Accrued taxes, interest, insurance, rents, etc.—
Estimated cost of redemption of merchandise
$72,466
income-
ord.
from
"$70,151
$706,492
Deduct. from net inc.—
.
"$58,295
19,566
$76*096
Net ordinary
Crl2,538
$77,064
39,551
Federal
Total
483,070
139,476
$123,417
Deduct,
1,002,281
1,279,718
*
patents,
15-year 3%%
$424,775
(non-com.)—
inc
Gross
Cr20,497
'
$67,952
544,492
5.600
ordinary inc.—
Ord.
Cr4,756
$38,073
income
deduc.
Income
4,819,926
do¬
*$70,151
$56$>30
1,400
income
Operating
Cr7,696
1,152,354
Earned
commun.
78,830
9,331,325
Bank
1943—4 Mos.—1942
$150,172
$201,482
214,067
271,633
$48;587
Net
4,026,426
1,003,967
Reserves
Radiomarine Corp. of America—Earnings—
Other
$219,642
92,607
income
Total
Misc.
$149,174
20,080
—
income
oper.
ry.
,
$83,276
24,365
%■
Net
$1,331;133
1,111,491
.
$54,742
op.
ry.
accruals
1,491,309
Liabilities
April 30—
frm.
rev.
tax
Equip. & jt. facil. rents
Liabilities—
"
Period End.
,
Net
$1,448,692
1,299,518
$355,563
272,287
ft
14,079,872
5,517,282
4,466,620
Total
presented
*
expenses
Rv.
1943—4 Mos—1942
1943—Month—1942
$396,674
341,932
revenues
oper.
8,925,853
$325,593
for high accomplishment in the war
Laboratories at Princeton, N. J., on
This award is the fourth such flag won by the RCA organ¬
The other three have been presented to RCA Victor Division
,
14,268,808
corporations
Goodwill,
plants at Camden and Harrison,, N. J., and to the Radiomarine Corp.
of America in New York, which also has been awarded the tl. S.
Maritime Commission "M
pennant and Victory Fleet Flag.—V. 157,
p.
oper.
Ry.
2,624,215
....
and
Deferred charges
"E" award
to RCA
Army-Navy
was
Ry.
§Properties
3,616
$190,108
136,700
576,011
$0.60
*
Rutland RR.—Earnings—
Period End. Apr. 30—
Other assets
471
123,500
1942
$7,358,392
822,680
$0.86
Operating expenses
Depreciation
Taxes, other than income taxes
mestic
**Bank
effort
6,131,382
facili¬
»
supplies
IRental machines and equipment..
Investments and
advances (partly-owned
Trade
Radio Corp. of
under Govt,
,
1943
1942
*$14,124,159 $10,481,037
18,599,672 17,663,184
products and work in process
Finished
inc.
to
—V.
907
contracts
Materials
$211,979
——
Deduct froift net incbme
✓Net
"
_
'
Net
ties
964,120
8,620
income
ordinary
expenditures
Reimbursable
inc..
ordinary inc.—
from ord.
Deduct,
1943
$9,172,000
"profit after charges and Federal taxes—
Earnings per common share
——
—V. 157, p. 1188.
Sheet, March 31
$930,694
$920,265
inc.
communic'n
on
Sales
Other
contracts.
Comparative Consolidated Balance
Other
subsidiaries are
and
Holland and Belgium, which are again
the consolidation except:
(3)
revenues-
oper,
Total
of Portland—Tenders—
National
noon
Net
countries,
1943—4 Mos.—1942
1943—Month- -1942
o'clock
12
March
-Fnrnings—-
ideations, Inc.-
April 30—
A like
follows:
cents.—
deductions-
Total
$0.94
$1.97
$3.08
$2.00
tions, for the years ended March 31, amounted to $1,021,018 in 1943,
$1,010,803 in 1942, $899,300 in 1941, and $931,852 in 1940.
(2) All active wholly-owned subsidiaries are included in the con¬
solidation
except subsidiaries in Germany and in German-occupied
•!
Portland
First
until
Rustless Iron & Steel Corp.—Earnings-
previously, partly-owned foreign and domestic corporations are ex¬
cluded from the consolidation.
^Including $5,100,000 for excess profits
taxes (estimated).
§Includes $10,850,000, after deducting debt retire¬
ment and post-war credits of $1,207,000 for excess profits taxes.
1!Dur~
ing the year ended March 31, 1943, $1,200,000 of this provision, deter¬
mined to be no longer required for purposes intended, was credited
to earned surplus.
* "Includes billable costs and fees on cost-plus-fixed-
has been declared on the common
of Rockland.—V. 157, p. 1468.
Quarter Ended March 31—
of
share
stock—
per
Notes—(1) Provision for
payable July 1 to holders of record June 19.
amount was paid on April 1, last.
Paynfents in 1942 were as
April 1, July 1 and Oct. 1, 25 cents each; and Dec. 22, 50
V. 157, p. 1187.
Period End.
1,264,525
As
550,000
$5,
par
1,265,097
158,145
German-occupied Norway,
of exchange restrictions and trade and other uncer¬
subsidiary in France (with branch in Algeria), con¬
solidated to March 31, 1940, which is omitted for the same reasons.
The accounts of a parent company branch in Jugoslavia are excluded.
fee
stock,
1,475,690
$2,305,177
tainties, and (b) a
1,583,970
of $385,700 of the
to the payment of notes and
parent
redemption
General Water, Gas & Electric Co.,
822,709
1,564,578
divs.
in
Pyle-National Co.—25-Cent Distribution—
;
831,729
"Includes
2352.
p.
$4,263,249
831,775
included In
3,351,867
1,583,970
requirement
requirements*
dividend
Preferred
—V.
$6,1§5,414
831,878
The
will
omitted because
Net oper.
the
to
bonds and
5%
the
to
Bank, successor trustee, Portland, Me.,
July 14 receive bids for the sale to it
of 1st mortgage series K 4%
bonds due Oct. 1, 1958 to an amount
sufficient
to
absorb $16,750
at prices not exceeding 104%%
and
accrued interest.—V. 157, p. 902.
473,000
$4,318,566
common
V-a
applied
be
to
are
outstanding
indebtedness
Roman Catholic Bishop
divs.
—
Earnings
769,726
1,327,444
Proceeds
company
(cash)—
divs (stk. of 10% )
Com.
$400,000 4 'A % first mortgage 20-year
stock to be sold at not less than
issue
to
shares of common
1,100
company's
1,375,000
(cash)
Common
granted June 18 by the New York P. S. Commis¬
was
company
share.
a
other
17,925,000
tl 1,500,000
profit
pfd.
stock
$4.50
the
to
and
209,976
•
Spring Valley, N. Y.—Bond
Gas Co., Inc.,
A.uthorization
sion
$82
94,163
author¬
Vincent L. Leibell oft June 21 signed an order
Authorized.—
bonds
§12,060,000
contingencies
1,000,000
for
Prov.
29,150
taxes—
income
289,000
advances
subsids.
&
—
$6,037,465
V.
Depreciation
in
off
U. S. & foreign income
taxes (estimated)
2,466,862
$684,854
*
Maintenance
36,000
99,320
' '
s
.
157, p. 2353.
Issue
*
charged
122,357,810 $19,192,170
0,581,662
7,159,502
1,196,697
1,585,821
1,561,914
1,529,216
$1,734,092
789,468
814,526
28,238
German
to
1943—12 Mos—1942
$2,044,692
—
$3,975,866
branch
Invests,
V.
$6,591,275
108,148
1613.
p.
sale
mon
and
30,649
150,
the trustees of Associated Gas & Electric Corp. to acquiesce in
by the Railway & Bus Associates of about 52% of the com¬
stock of Rochester Transit Corp. for approximately $803,580.—See
izing
Rockland
not used
in operations
Net loss on liquidation
of
foreign subs, and
Light Co. (& Subs.)—Earnings
719,823
revenues^
547,298
1943.—V.
21,
July
to
Rochester Transit Corp.—Sale—
$3,063,894
183,425
728,547
$6,043,977
926,736
of prop,
Exp,
Net
$680,621
Operating
Operation
interest
16,868,431
—.—
—
791,027
$18,043,424 $16,652,7§1
Interest on debentures.
*622,209
* 678,213
Prov.
for for'n exch,
12,000
36,000
New
1943-Month—1942
Period End. Feb. 28—
interest.
Federal Judge
income
other
Maine.—V. 157, p. 2352.
Puget Sound Power
subs,
Profit from oper.
Hampshire—Secondary
Offering—R. W. Pressprich & Co., Boston, made a sec¬
ondary offering June 22 of $100,(100 first mortgage Series
A 3y4% bonds due 1973. Price at the market (approxi¬
mately 107% to yield 2.88%'to maturity). Legal for
savings banks in Massachusetts, New Hampshire and
of
Co.
U940
$43,226,912
23,294,587
17,600,704
22,984,541
Sept.'
A, dated
series
debentures,
gold
have been called for redemption as of July 21, 1943 at 105
Payment will be made at the Manufacturers Trust Co.,
45 Beaver St., New York, N. Y.
Holders may surrender said bonds at any time before the redemp¬
tion date and receive the full redemption price together with accrued
$23,644,681 $19,932,325
$17,252,397 $15,726,015
oper.
for'n
from
Other incbme
j
Service
Public
20,212,506
—
from
Profit
Prof,
■
Called-^
1928,
the
contribution,
1564.
157, p.
profit
$37,464,903 $38,710,556
admin. & general
Gross
York—Interest
six months'1 period at
for the
sales
of
1941
1942
**$91,599,960 $77,282,536 $49,173,969
54,135,057 38,571,980 25,529,288
sales
5%
outstanding
the
of
All
1,
and
Years Ended March 31
1943
Cost
V>
Rochester Central Power Corp.—Debentures
Subs.)—Annual Report—
Consolidated Income Account,
30, 1943, to holders
15 voted to pay, on June
trustees on June
The
of
interest
Remington, Rand, Inc. (<fe
Net
of zinc.—V. 152, p. 1766.
Refining Co. for the production
$307,188
$162,892
$308,730
taxes,—V. 157, p. 1091.
$308,965
income
^Before Federal
represents almost all of the company's employees.
The company said it hoped to obtain funds for the new pay rates,
effective June 20, from the Reconstruction Finance Corporation.
Re¬
troactive pay to Oct. 1, 1942, amounting to $2,200,000, will be dis¬
tributed as soon as computations can be completed.
On
a
straight time basis employees earning from 30 cents to $2
an hour will receive an increase of about $5.62Vz
per week.
The
agreement, signed by William J, Deegan, President of the
company, and Joseph P. Selly, President of the American Communi¬
cations
Association,
CIO, provides for a closed shop, checkoff of
union dues, arbitration of all unsettled grievances, protection against
dismissal of employees as the result of mechanization changes, and
four weeks' sick pay with each year of service with a maximum of
50 weeks —V. 157, p. 2353.
the
—Li—
charges
with a smelter being erected in
nection
all
after
profit
*Net
$3,200,000 in wage increases recently ordered by the War Labor Board
was
signed on June 17 by officials of the Postal Telegraph Co. and
the American Communications Association, CIO, it was announced by
the costs of constructing a new pipeline in con¬
Mexico by American Smelting &
used to defray, in part,
1940
1941
1942
1943
31—
3 Mos. End. Mar.
Monday, June 28, 1943
CHRONICLE
Co.—Earnings—
Reed Roller Bit
Granted—To Borrow From RFC—
Pay Increase
A
& FINANCIAL
THE COMMERCIAL
2456
75 cents per share has been declared on the no par
stock, payable July 15 to holders of record June 30.
with $1.25 per share paid on Jan. 25, last, 75 cents
July 15, 1942, and $1.25 on Jan. 26, 1942.—V. 157, p. 1468.. *
dividend
value
This
on
75-Cent Dividend—
of
common
compares
Rio Grande Valley Gas Co.—New Bond Issue—
Interested
parties are given until June 29 by the SEC to
request a
$87,000
cash to
will be
hearing on a recent application of company to issue and sell
first mortgage bonds, series.3, 4%, due 1961, at par, for
the Northwestern Mutual Life Insurance Co.
The proceeds
says
tne brief, pointing out that 35.3%? is allotted to them in new con?
bonds, from the-lien of which the number of prop¬
is allotted to them in new
solidated mortgage
erties are to be excluded, and that £3.8%
5%
preferred stock which,. although protected from
the creation. of
of
certain
on
prior thereto, is riot safeguarded against issuance
pari passu with it.
asserts that the terminal bonds should re¬
of their claim in new fixed interest-bearing securities at
issue ranking
any
100 %
ceive
5% per annum,
and for anything less, full and adequate
be accorded to them.—V. 157, p. 2353.
of not less than
rate
a
The
i
a
both
25
cf
ment
declared an extra dividend of 25 cents per share
of like amount on the common stock, par $5,
payable July 15 to holders of record June 12.
A distribution
cents was made on July 15, last year, while on Dec. 27 a pay¬
of 50 cents was made.—V. 156, p. 2310.
directors have
treasurer....
with
in
President, states that
Segal,
Louis
bal.
Net
assets
Ry.—Annual Report—L. R.
Powell,
W. Anderson, receivers, state in part:
31, 1942, receivers' equip¬
principal amount of $1,-
Jr., and Henry
the period Jan. 1, 1942 to Dec.
trust certificates
in an aggregate
During
ment
331,000 matured and were paid.
Pursuant to Court Order dated
June 16, 1942,
interest aggregating
the under¬
lying bond issues, namely, Raleigh & Augusta Air Line RR. first
mortgage extended 5s, 1931, Raleigh & Gaston RR. first mortgage
5s, 1947, Carolina Central RR. first consolidated mortgage 4s, 1949,
and
Florida Central & Peninsular RR. first consolidated mortgage
5s, 1943.
Such interest payment represented ten semi-annual install¬
ments of interest (coupons or rights to interest due Jan. 1, 1938 and
subsequently thereto including the interest clue July 1, 1942) on the
June 20 and July
$719,160 was paid on
1, 1942, on four of
and
Raleigh & Augusta and Raleigh & Gaston issues
one
installment of interest (coupon due July 1, 1942) on
Central and Florida Central & Peninsular issues.
%
Interest was not paid in 1942 on any other underlying
interest has
and only
a
semi-annual
the Carolina
issues.
underlying
not been paid since the date
the company's general mort¬
gage bonds or its three-year secured notes or its indebtedness to the
Secretary of the Treasury of the United States for loans under Sec¬
tion 210 of the Transportation Act, except (a) to the extent of $2.07
per $1,000 note payable on account of interest by the trustee of the
three-year secured notes to the holders ^f such notes from the pro¬
ceeds received by it from the sale of $4,000,000 Seaboard-All Florida
bonds purchased by the. receivers ($82.99 per $1,000 note is also pay¬
paid in 1942, and has
receivership on Dec. 23, 1930, on
Interest was not
the
of
account of principal).
.
The receivers expended during the year $14,178,054
(exclusive of
incidental expenses) in the purchase of funded obligations of the Sea*,board and certain cf its leased subsidiaries, as authorized by various
orders entered by the Receivership'Court, as follows, viz.:
Cost
Princ. Amt.
certificates due 1945
Receivers'
retired
-
facturing
tired
purchased and
$2,062,200
$1,537,415
8,224,200
—
,
unmatured
debt
Amounts
Traffic
Unmatured
wages
rents
;
accrued
267,000
liabilities
Deferred
47,843,522
968,961
and
4,205
87,899,662
353,883,625 326,251,935
and receivers' accounts.—V. 157, p.
"Combined corporate
Co.—30-Cent Year-End
Shoe
Dividend—
dividend
year-end
a
—
617,658
823,544
—
to
purchased for period 8-1-30
interest
688,450
930,338
to date
of
665,000
598,500
744,000
Earnings
—V.
$587,589
58,428
398,615
$0.15
390,425
$0.01
share
per
Shell Union Oil
for Calendar Years
the
of
dividend
a
:
General
train
40 cents
per
Other
revenues—1
(net)
operating
Total
Maintenance
of
Maintenance
revenues
and structures
way and structures—amort—
equipment—
way
of
of equipment—deprec.
Maintenance
Traffic
$110,242,375
10,984,050
44,812
12,491,258
and amort.'
4,651,021
2,465,181
32,187,487
Transportation
Miscellaneous
2,015,847
operations
2,170,701
General, expenses
Transportation for
Taxes
V.
investment—Cr
Railway operating
Hire
of
—~—
5,157,733
—
—
38,074.284
3,916,508
211,805
income.
equipment—Net Dr
rents—Net Dr
Joint facility
Net
33,945,971
468,909
railway operating income
Total other income—
Total
(gross)
Deductions
Operating
revenues
after
gross
income
Miscellaneous
income charges
Delayed
income
2,718
537,853
1,722,300
58,5.69
debits
'.—
§ Interest charges
8,523,886
157,
-
$231,108
$825,096
$721,770
156,043
154,333
.458,917
450,977
$76,775
$366,179
$270,793
42,516
170,064
170,064
—a
•
9,78^5,122
2,466,756
2,285,734
22,746,425
1,187,021
1,880,678
75,900
3,862,311
682,798
579,654
39,041
30,859
50,265
42,148
2,881
' 2,315
36,285,259
8,823~203
,
Electric Co.—Earnings—
1943—12 Mos.—1942
1943—Month—1942
217,700
155,908
2,334,472
$5,144,269
1,975,091
63,741
,62,262
134,269
754,538
666.078
581,407
586,904
336,816
,
464.079
$6,474,534
$42(j,791>
$593,485
212,566
taxes
prof,
•
taxes
1,314,755
•
dividend
quarterly
722,846
622,842
"
$48,784
$934,425
$737,941
34,358
34,358
412,296
412,296
$522,129
$228,834
$99,478
17,061
—
"
19,568
$82,417
income
'
other deduc.
&
—
pfd. stock
Dividends
on
Amcrt.
$68,352
pfd. stk. exp.
of
157,
2258.
p.
96,810
$14,426
$48,059
Balance
—V.
\
.
,
S *'v
Period End.
revenues
Uncollect,
oper.
Operating expenses
___
£ I'*.;
income..^ _
stock,
Dec.
on
Distribution—
Judd
S.
Robert
declared an extra dividend of 25 cents per
quarterly dividend of 25 cents per share on the
both payable June 15 to holders of record
An extra of 25 cents was paid on Sept. 15 last year,
65.
the
of
-
. ■ ...
..
.
$722,226
395,484
$3,344,080
1,948,374
$326,742
$1,395,706
$1,297,027
elected Vice-President in charge of per¬
Simonds on July 31, when the
with the Bell System policy of retirement at
succeed Ernest L.
Ernest A. Johnson will succeed Mr.
company.—V. 157, p. 2258.
Co.
Pacific
Southern
—
(And
Operating
Net
28,310,427
op.
22,893,433
13,053,557
taxes
478,930
326,385
taxes-
535,576
320,473
1,235,021
11,945,365
3,063,343
ry.
insur.
retire.
Federal
and
county
51,303,860
rents,
12,657
6,549
74,824
1,504,424
8,953,396
140,336
86,539
511,685
income
6,750,913
6,633,042
oper.
provision for interest charges
non-operating income items.
on
»
Total
income
Earns,
$1,348,919
$579,289
for
loss
as
409,585
165,833
$523,959
$783,861
$413,456
$7.88
$1.05
$1.57
$0.83
for
Soundview Pulp
(And
Government property.—V. 157,
Co.—Earnings—
Subsidiary, Lyman Timber
Co.)
1943
Month of May—
$73,182
$0.13
after all charges—
Earnings per common share
profit
—V.
157, p.
pany's
1942
$136,051
Provision
income
exc.
.
&
Dividends
$5,151,914
315,594
212,505
3,171,438
43,446
119,952
37,718
508,936
2,474,923
451,791
136,315
710,029
566,988
140,856
851,591
$78,067
$91,888
$1,201,744
$1,106,632
on
pfd. stock
55,338
654,272
646,105
$22,729
$547,472
$460,526
14,286
14,286
171,438
$8,442
$376,034
$289,088
$813,000 of indebtedness by the company
filed with the Securities and Exchange
acquisitions of outstanding obligations
by the Southern, purchases were made of the three development and
general mortgage bonds series A of 1956.
The road acquired $628,000 of the 4s, leaving $51,624,000 outstanding
as of May 3}.
It retired $118,000 of the 6s, leaving $14,945,000 out¬
standing as of the same date.
Acquisition of the 6%s amounted to
$84,000,
and the total left
outstanding was $22,363,000.—V. 157,
The
2354.
p.
stockholders
of
a
at the annual
merger
as
office of The Pennsylvania Company
Granting Annuities, 15lh and Chestnut
of June 1, 1936, at the
Insurances
for
this company, will upon the surrender
14. attached to its first lien 6% income bonds,
numbered
coupons
dated
Co.—Interest Payment—
1943
28,
after June
and
on
Lives
and
Philadelphia, Pa., pay $1.50 per $50 principal amount
bonds to which such coupons are attached. - This represents
the principal amount of the bonds.—V. 155, p. 2372.
Sts.,
Southwestern Bell Telephone
Period End.
of the
3 % on
revenues
oper.
Operating
expenses
oper.
Operating
rev.
—
$4,729,767
3,030,893
p.
$3,392,960 $17,785,302 $13,295,082
1,898,524
11,162,360
7,438,265
$1,698,874
revenues—
taxes
operating income
157,
Co.—Earnings-
1943—Month—1942
1943—4 Mos.—1942
$11,512,628 $9,651,432 $44,476,428 $37,684,598
32,126
35,421
126,015
142,789
6,750,735
6,223,050 26,565,111 24,246,727
April 30—
Operating
Net
$1,494,436
$6,622,942
$5,856,817
2258.
Approved—
meeting held on June 22
voted ap¬
with General Foods Corp.
Stockholders of the
will receive four shares of General Foods for every
five, of Snider held.
The physical merger of the properties is scheduled
to take effect within the next few days.
E. E. Comstock, Chairman of the Snider board of directors, is slated
proval
As in other recent
Commission.
-V.
Snider corporation
(
revealed June 15 in a report
was
Net
Packing Corp.—Merger
Jan. 1 to June
1943
1942
Cut—
171,438
157, p. 2258.
Snider
Debt
Uncollect,
53,036
$24,566
deduct.
1942
$5,158,071 $147,569,685 $107,781,529
242.234
309,346
$38,852
other
Balance
-V.
1943—12 Mos.—1942
$6,584,595
taxes—
income
Net
week Ended June 14
$6,442,342
Retirement of an additional
of
$464,606
prof, taxes
income
Gross
Inter.
expenses
for deprec.—
taxes
Federal
Federal
1943—Month—1942
nearest maturities in com¬
$0.26
Co.—Earnings—
$570,881
revenue
two-month period March
157, p. 2258.
Southern United Gas
Period End. May 31—
Operating
These notes represent the
debt.—V.
funded
earnings
Gross
On
Gross
40,081,478 30,152,465
outstanding debt, or
Southern Ry.- -Earnings-
479.
South Carolina Power
7,142,806
411,656
nVtcs.
Makes
1853.
Net
reports a reduction during the
1943
362,223
1,132,199
custodian
5,075,901
11,836,108
33,395
31,
1,
$35,186,000.
to
155,473
sh. cap. stk.
per
July
due
Period—
$3,921,878
"Provision
p.
$2,018,381
prof, tax
exc.
income
Net
$570,922
8,367
18,460,927
2,022,245
2,021,526
1943 of $5,304,000 in outstanding 10-year 3%%
1946. As of March 31, 1943, there was $40,490,000 fsfbe
value of these notes outstanding.
By May 31 this had been reduced
31-May
in¬
taxes
Fed.
Est.
State
and
$1,345,122
3,797
273,806
The company
*500,000
charges
come
$1,995,045
23,336
$844,728
131,782
_
Federal
286,553
$23,014,587
Operating income
Non-oper. income
58,696,101
Note Reduction—
1940
1941
$1,629,626
284,504
1942
$2,281,598
1943
6,096,421
40,759,877
1,894,635
Joint facil. rents,
ry.
1,012,802
net Dr
net Dr
taxes
Miscellaneous
Equip,
101,780,669
2,539,724
2,763,264
city
taxes
♦Net
$22,955,682
58,905
amort
Interest
1943^5 Mos,—1942
$
',y
$
34,933,852 237,513,955 162,254,096
21,880,295 135,733,285 103,557,995
from
rev.
Unemploy.
wholly-owned subsidiaries)
$23,296,295
340,613
income
and
of Transportation
1943—Month—1942
$
$
Period End. May 31—
other
Smith Corp.—Earnings—
3 Mos. End. April 30—
Deprec.
Judd as Chief Engineer
Earnings
"Before
(A. O.)
•
$2,838,056
1,541,029
System—
156, p. 1157.
1941.—V.
of
17,
-
been
has
to
relations
Federal
$50,
par
date.
same
•
New Vice-President—
operating revenues
Ry.'operating expenses-
usual
the
and
1943—4 Mos.—1942
$9,436,898 $8,195,688
■%-. 6,000
' 5,500
6,086,818
5,352,132•
»
$339,86}
taxes
oper.
'f
'*
$852,928
513,067
revenues—
oper.
Net
,
$2,423,056
.1(2,000
1,568,128
___.
rev.
•'
Telephone Co.—Earnings—
-1943—Month—1942
$2,098,951
1,500
1,375,225
April 30—
Operating
364,293
j-
Ry.
Electric Co.—Larger Dividend—
of 37%
recently
directors
The
349,883
$1,102,233
$1,152,545
218,120
...
Sloan & Zook Co.—Extra
11,945,870
1,670,608
168,298
10,106,964
504,395
42,516
.
2353.
p.
General
income
198
$128,612
income
Net
age
cents per share has been declared
on
the common-stock, par $25, payable Aug. 10 to holders of record
July 30.
Previously, the company paid regular quarterly dividends
of 25 cents per share on this issue.—V. 157, p. 559.
,,
A
Other
t$2,819,263 $1,181,069
"Combined Corporate and Receivers' Accounts.
tDeficit. iExclusive
of interest on adjustment mortgage
(income bonds). §1942 figures
include (1) $2,290,287 (of which $193,500 is referable to 1942) rep¬
resenting additional interest of 1% on S. A. L. Ry. refunding mort¬
gage bonds from date of accelerated maturity of such bonds on Feb.
27, 1931, to and inclusive of Dec. 31, 1942, and (2) $25,016,993 (of
which $4,010,972 is referable to 1942) interest on overdue installments
of interest on certain mortgage bonds or other obligations of S. A.
L. Ry. from the respective dates when interest was first defaulted on
each such obligation to and inclusive of Dec. 31, 1942.
Claims for
interest on overdue installments of interest have been filed in the
receivership proceedings on behalf of the holders of various mortgage
bonds and other secured obligations and a hearing on such claims
and objections thereto was held by the receivership courts on April
16, 1943, at the conclusion of which the claims and answers thereto
and all issues of fact and law presented thereby were referred to a
special master for report and recommendations to the courts. When
this matter has been decided
by the receivership courts it may be
that such interest accrued on overdue installments of interest in 1942
tNet
827
amortization
exc.
Gross
re¬
accruals
res.
income
Net
$64,608,903
16,971
338,480
rents
Miscellaneous
26
taxes
sonnel
1943—Month—1942 * 1943—12 Mos.—1942
$192,284
$203,961 $2,525,113 $2,589,557
...
income
Gross
$34,414,880 $10,611,359
591,117
588,192
16,013
income
from
10
expenses
Operating
share on
Co.—Earnings—
Sierra Pacific Power
259,800
13,345
586,687
2,658,040
92,539
Milk
Maintenance of
$721,572
latter retires in accordance
1,150,562
1,498,271
304,536
Express
incidental operating
$824,269
$284,655
income
Federal
of record July 6.
This
Dec. 15, last, 40 cents on
and 40 cents on July 21,
with 60 cents per share paid on
July 15, 1942, 60 cents on Dec. 19, 1941,
1941.—V. 157, p. 2257.
and
1,568,699
Joint facility
$284,645
income
&
Deprec.
stock, payable July 15 to holders
common
compares
'"1942
$76,350,934 $48,476,540
11,026,177
27,169,322
1,373,686
Mail
Total
10,287
$231,082
taxes
revenue
Net
Corp.—40-Cent Distribution—
declared
have
directors
The
the
passenger
4,000
11,880
pfd. cap. stock
Operating
'1941
Other
118,667
27,900
~~3~420
Southern Indiana Gas &
^
155, p. 508.
common
revenues—
Passenger
130,000
taxes
expenses.
Income Account
46,000
Period End. May 31
Gross
1942
shares
Outstanding common
share
Operating
Freight
327,806
38,000
27,900
income
on
Interest
$325,214
4,326
.
income
Net
669,600
$35,790,282*$14,178,054
incidental
of
300,000
305,978
157, p. 2053.
—V.
State,
Total
♦Exclusive
300,000
113,207
30
1943
Sales
Sioux City Gas &
3,574,560
^
22,341,000
purchase)
Raleigh & Augusta Air Line RR. 1st mtge.
bonds purchased and held alive (cost excludes
$99,750 interest purchased at par)
Raleigh & Gaston RR. 1st mtge. bonds purchased and held alive (cost excludes $111,600
interest purchased at par)
100,000
107,699
Southern New England
Ended April 30—
6 Mps.
—V.
of
182,183
100,000
.
tirement
Union Switch & Signal Con¬
struction Co. due 1945 purchased and retired
Seaboard-All Florida Ry. 1st mtge. bonds pur¬
s'
chased flat
and held alive (cost includes
Indebtedness
862,626
169,276
tax
deductions
Net
Divs.
Shatterproof Glass Corp.—Earnings—
Period End. May 31—
Pullman-Standard Car ManuCo. due 1945 purchased and reto
965,459
71,323
2353.
cents per
share on the no par value common stock, payable July 6 to holders
of record June 25.
Payments of 25 cents each were made on March 5
and
June 5,
this year.
Distributions during 1942 were as follows:
March 14 and June 5, 12% cents each; July 6, a year-end of 65 cents;
Sept. 5, 12% cents; and Dec. 5, 25 cents.—V. 157, p. 2052.
declared
have
directors
286,163
income
Gross
Income
•
Selby
profits
oper.
Federal
Total
$2,523,141
325,475
Oth. inc.; int., revs., etc.
4,205
83,261,594
(deficit)...
loss
$2,734,762
taxes—
income
income
Net
1943—12 Mos.—1942
$851,195
59,060
excess
State
39,852,577
981,367
credits
Additions to property through income and surp.
Funded debt retired through income and surp.
Unadjusted
Profit
Fed.
502,795
86,502,720
unpaid
mat.
current
Other
Federal
Earnings—
Co.-
$946,779
Approp. for retire, res.
Taxes (oth. than inc.)_
207,000
315,415
122,332,883
equipment oblig.
liabilities
Receivers
—
liability
tax
$91,827
533,402
1943-t—4 Mos.—1942
April 30—
Operating revenues ___
Operation
——1;
167,763
4,850,498
1,423,407
73,978
429,054
50,005
£,090,336
accrued
interest
Unmatured
Accrued
1,157,212
4,922,723
482,123
88,097
257,260
46,070
2,013,788
_
accounts
matured
Interest
25,308,600
590,671
*
payable
payable*
unpaid
and
accounts
Miscellaneous
$19,502
656,639
157, p. 2052.
Southern Colorado Power
40,208,678
35,174,782
590,671
43,896,578
:
balance-^-€r
service
car
935,147
$16,597
Maintenance
affiliated company
payable to
and
117,116
$2,155,042
656,733
472,500
933,982
•••
—I—
—
Period End.
61,179,262 61,179,262
23,894,100 23,894,100
37,300
37,300
21,015
20,531
106,156,500 111,272,500
,
Long term debt in default
Receivers' obligations unmatured
6,491,871
1945 purchased and
alive
Indebtedness
k,
j.:
—
,
certificates due
Receivers'
if
capital stock
in aid of construction
6%
353,883,625 326,251,935
$2,144,690
72,495
75,574
Surplus
-V.
1943—8 Mos.—1942
$274,267.
81,263
59,168
117,239
$270,429
;
Int., deprec. & divs.—
;
»
capital stock
Preferred 4-2%
capital stock
Funded
2,129,912
29,292
the trustee on
able by
held
—
Common
The
bonds. No
the underlying bonds
paid on certain other
been paid since 1931 on certain of
portion of the interest due has been
7,101,020
.
...
Liabilities—
Audited
Seaboard Air Line
v
;
•
Grants
554,370.
3,485,324
6,439,686
108,277
'
153,900
547,807
;
.
debits
Total
Preferred
1,341,377
8,144,492
7,186,275
101,208
187,813
1,177,893
Ltd.—Earnings—
1943—Month—1942
maintenance-
&
but will be retained
President of Snider, will become
Packing Division of General Foods
».
v .vxAY.1 '.';V ■
. -. ;■ '.. •
$5,244
earnings
Taxes
receivable
assets
Unadjusted
Gross
1,131,641
«___
current
Other
1156.
156, p.
supplies
2257.
p.
.If,. >.vy; •
Period End. May 31—
804,108
25,756
Snider
Canada Power Co.,
Southern
Oper.
-iw.')
*
157,
>1,^ V-
Olney,
C.
the
of
Manager
Corp.—V.
•;yy
1,450,000
receivable..—
dividends
General
*1941
Burt
consulation.
for
<
*
■
y 1,850,000
.
conductors-.
and
agents
and
Interest
the company
from
accounts
and
Materials
...
»
,
....
receiv.
Miscellaneous
period ended Dec. 31, 1942, was $360,821 after
depreciation but before renegotiation and taxes and $633,881 before
depreciation and renegatiation and taxes.
This compares with a net
profit of $6,227 for the 15-month period ended March 31, 1942.
About 95% of the company's sales represented production of articles
of munitions for the armed forces and the balance was distributed
among the usual peace-time products, Mr. Segal explained.
The back¬
log of orders and unfilled Government contracts on hand was sub¬
stantial, but figures could not be made public because of the confi¬
dential character of the greatest part of the production, he said.—
V.
investment.—iii...
.
.Loans and billsreceivable—
Inc.—Earningsthe net profit of
,T
cash
Spec|al deposits
nine months'
the
...
...
transit
Deferred
for
etc
equip.,
road,
in
Investments
Cash
regular dividend
Segal Lock & Hardware < Co*
-v.
:V $
311,432,783 304,188,398
13,142,614
4,996,743
1,388.286
1,036,585
"
Temporary
and
.
^
"
*1942
Assets—
Cash
Dividend—
„ 7,.
Sheet Dec. 31
active management in the company
to retire from
will be subject to
obligations
other
or
,7......
■■
General Balance
»
without postponed .-maturity;
compensatory treatment must
Scruggs-Vandervoort-Barney, Inc.—Extra
bonds
mortgage
adjustment.,
series of stock ranking
In conclusion, the brief
2457
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4189
■Vo Iume 157
Southwestern Public
A
filed
by Southwestern
operating ice company
Service Co.—To Sell Subsidiary
joint declarations
Palm Ice Co., an
subsidiary of Southwestern on the pro¬
July 15 before the SEC on
Public Service Co. and Royal
hearing will be held
and a
posals summarized below:
Southwestern
presently
of
all
owns
outstanding securities of
the
consisting of $400,000 6% first mortgage bond, due in
equal instalments from May 1, 1943, to May 1, 1952, and 10,000 shares
of common stock (par $10).
Royal Palm proposes to sell all of its physical properties, which com¬
of the water used, harmless in themselves, had inter¬
aging process of Castoria.
Methods have been devised to prevent a recurrence, he said.—V. 157,
cal characteristics
manufacturing and distributing facilities arid cold storage
serving Miami, Palm Beach and other communities on the
of Florida, to Southeastern Gas & Water Co., Inc., a non¬
affiliated corporation, which latter company will organize a whollyowned subsidiary to purchase the physical properties of Royal Palm,
The basic purchase price, which is subject to adjustments for in¬
ventories, property '? taxes,
net earnings and mortgage interest, is
$556,667, which is to be paid by the assumption of the presently
existing $400,000 mortgage held by Southwestern and by a cash pay¬
coast
of
ment
!;
$156,667.
Royal
Palm
western
liquidate and dissolve, paying to South¬
dividends, in complete liquidation.
The
to
proposes
dividend,
cash
a
,
or
proceeds so received by Southwestern will be deposited with the
trustee under the indenture securing the serial notes of Southwestern
to be applied by such trustee in accordance with the provisions of said
indenture.—V. 157, p. 2157.
cash
The
stock (par $1), which
Operating revenues
Operating expenses
:
$3,378,328
2,042,252
$1,014,105
556,250
$1,130,066
610,856
__
$3,687,770
eral
first
to
at
record at the close of business on
holders of
is
rate
the
held
the
on
&
income
Federal
Fed.
m
35,514
32,274
104,800
profits tax-
143,408
43,426
236,634
43,426
lieu of
in
vf;: taxes
——
27,500
82,500
106,517
$237,901
$251,582
$787,166
573
502
$855,465
2,148
m
V
Net
income—(net)
oper.
Other
Income
739
$238,474
$252,084
$857,613
72,132
285,203
284,102
$166,242
$179,952
75,832
$182,553
Federal excess profits tax
on
Net
.4,431
4,476
$572,410
303,330
17,724
$85,978
$99,644
$251,356
divs.
Balance
303,345
157, p. 2157.
420,208
post-war rehabilitation
$701,972
Balance
Sheet
Balance
Consolidated
t
*
Total income
Other
—
charges
Armor
1943
1942
1941
$7,232,758
5,301,811
5,432,032
6,048,123
$2,886,581
2,075,322
2,185,794
depreciation
after
Net
.
6,157,835
330,122
993,370
——;
43,362
449,000
973,500
517,000
"2,751,300
2,745,500
27.000
500,000
135,000
$1,238,422
$1,608,713
$1,463,432
$3.78
$5.01
$4.53
Federal income taxes—™.
Net
contingencies.
for
Provision
profit
Earnings per
share—
common
"After $305,700 post-war
v
$2,769,863
plate contracts (facilities)
(facilities and working
1,195,253
intervene
to
the
mission.
'.
that
said
debentures
and
trustee,
ture
Securities and
the
■
Commission
The
notes
before
Company Act
Holding
■
appeared
it
Standard Gas,
of
Exchange' Com¬
for
the interest
that
the
of
which the bank is inden¬
the case.
"materially affected by the Issues" in
were
fj Weekly Output— '
-
5,585,310
1,475,107
credits due
plate accounts, less
Armor
less reserves
receivable in respect of facilities,
for Government account—
Other,
Amount
freight and in¬
the
Federal Court Refuses to Define Status of Schamus—
to
Advances
suppliers
required under 1942 Revenue Act
Miscellaneous receivables and investments
54,763
53,965
equipment, less reserves
development
2,831,532
Investment
20,982
742,752
Deferred charges
132,526
—~
$37,889,555
Liabilities—
Judge William H. Kirkpatrick of the U. S. District Court at Ehiladelphia rejected June 23 a request by Sanford L. Schamus of New York
that
his status be
defined in the recapitalization proceedings of
1 '
Standard, filed his
the court after the SEC had refused him permission to
intervene.
Counsel
for
the SEC
told Judge Kirkpatrick that Mr.
Schamus actually was trying to obtain a court review of an order by
the SEC.—V. 157, p. 2354.
with
1,592,632
Frank Knox,
Payroll
Mr.
said
Knox
(other than income) and miscellaneous
extraordinary expenses in connection
with war" contracts
—
Provision for Federal and State taxes on income
1,263,198
8,233,082
above)
747,336
Accrued taxes
for possible
payable (less instalments included
Long-term notes
that
the action
that
ruled
Littell
reached
the
would
his
agreement
be
17.
taken
conclusions
had
because
the
Justice
exceeded
after
weeks
of
study
of
the
which has provoked Congressional criticism and charges
that the Navy had "given away" much of oil reserves, which were to
be conserved in
the ground,
exceeded in volum'e only by fields in
agreement
Arabia.—V.
post-war rehabilitation
contingencies
——
appliance volume decreased 73.13%
72.41%
for the five
Furniture
4.65%
net
as
sales
months
for
the
under
month
May last year and show
over
months
Inc.—May Sales Off 6.52%—
1943—Month—1942
$484,300
$518,077
compared with 1942.—V.
a
the
1943—5 Mos
$1,977,875
—
For
prior year's taxes
stock
surplus
surplus
Capital
Paid-in
$2,378,685
periods of last year
of
May reflect an increase of
decrease of 3.34% for the five
157,.p. 1950.
'
The manufacture of Fletcher's Castoria, interrupted seven weeks ago
the first time in three-quarters of a century, was resumed on
for
23
announced
both
tain
on
B.
Thomas,
Vice-President
of
Sterling Drug,
Inc.,
Tuesday that the company's research had discovered
for the presence of a nausea-causing irritant in certhe product, as well as the methods for preventing a
the reason
batches
recurrence.
Sept.
Harold
as
of
This
new
product
will
be
available
to
the
public
about
15.
the company advertised a nation-wide warning to consum¬
ers and retailers against use and sale of the old product and requested
that outstanding stocks be returned to it for destruction.
Mr. Thomas explained that the use of a lower sugar content
to
On May 5
conserve sugar
under.war-time conditions, and
a
1941
1940
1939
$895,026
$946,808
$806,363
$863,685
121,916
169,237
103,080
105,281
$773,110
$777,571
$703,283
$758,404
1,208
4,917
5,119
4,528
$774,319
$782,487
$708,403
$762,932
to securities
by
Telephone
Co
incl.
misc.
adjusts.
Amt. of int. and
received
divs.
Tele¬
by
phone Bond & Share
credited
and
Co.
income
Total
to
account
income
Other
________
income
86,010
92,090
92,861
106,076
$688,308
$690,397
$615,541
$656,856
Oper. exps. and taxes__
Net
earnings
511,500
516,339
524,393
532,237
$176,808
$174,058
$91,148
$124,619
10,000
10,000
10,000
$166,808
$164,058
$91,148
$114,619
105,724
106,794
92,748
61,832
235
deductions
income
to conting.
Approp.
282
188
"$1,881
852,599
res.
reserve
of
Bal.
7%
income
divs
pfd.
divs
pfd.
York
New
Interest—
has ordered that
shall be dealt
change
the
July
Dec.
the interest
due July 1,
of the Ex¬
beginning June 23 and until further notice,
and
1943,
1,
Co.—Common Dividend No. 2—
dividend (No. 2) of 25 cents per share
stock, and the regular quarterly dividend of $1.50
6% preferred stock, both payable July 1 to holders
Strathmore Paper
The directors have declared a
the
common
share on the
record
28.
June
the
on
distribution of 50 cents per share was
April 1, 1943.—V. 157, p. 1277.
initial
An
common
stock
on
have
declared
change in the chemi¬
-Earnings—
31, 1942
Sheet, Dec.
$18,215,435;
stock, $4,917,400; participating pre¬
stock, $452,771; class B common
stock, $450,GOO; fundedd debt, $9,357,000; due to subsidiary companies,
$118,500; accounts payable, $3,905; accrued interest, $38,987; accrued
taxes, $29,891; reserves, $1,767,284; surplus reserved for general con¬
tingencies, $160,000; capital surplus, $566,762; earned surplus, $1,371,858; total, $19,317,128.—V. 157, p. 2157.
first
preferred
stock, $82,771; class A common
ferred
Pacific Ry.—Earnings—
Texas &
revenues
Operating
$5,893,264
expenses
Net
—
3,723,884
$2,169,380
1,423,475
accruals
tax
$1,371,440 $11,758,235
7,694,725
473,645
$5,640,731
1,800,261
$4,063,510
$3,840,470
$897,795
$745,905
operating income
rentals, net Dr_
Ry.
$3,744,464 $27,675,631 $16,782,136
15,917,396
11,141,405
2,373,024
from railway
rev.
operations
Ry.
1943—5 Mos.—1942
1943—Month—1942
Period End. May 31—
Operating
50,969
76,301
322,759
528,581
net
C?'26,871
Cr5,304
C?T4,053
Crld,723
income
$721,807
$826,798
$3,754,804
$3,322,612
51,650
39,239
244,479
207,471
—_
$773,457
$866,037
$3,530,083
6,843
3,279
$3,999,283
40,192
$766,614
$862,758
$3,959,091
$3,509,538
307,249
318,399
1,562,734
1,594,925
$459,365
$544,359
$2,396,357
$1,914,613
Equip,
rentals,
facil.
Joinfc
Net
oper.
ry.
Other
income
Total
income
avail,
(Fixed
1941
1940
$3,058,268
2,380,800
$3,250,266
$1,933,842
5,208,439
2,735,094
1,734,436
$2,206,169
$677,468
$515,172
$199,406
33,783
expense—
Operating profit
Other income
9,107
11,199
7,790
$686,575
$526,371
income
Net
—V.
157, p. 2054.
Texas Power &
Liffht Co.—Earnings—
t2,088,938 f
135,789
"298,007
revenues
472,120
69,043
taxes
68,619
Prop, retire, res. approp.
Amort,
of limited-term
taxes, etc.
income
&
i
429,000
ex¬
profits taxes
profit
per sh. cap. stk.
$121,786
$228,364
$84,009
$1.33
$1.07
$2.02
$0.74
profits taxes.
tBefore post-war
for contingencies.—V. 157, p. 1654.
"Includes Federal income and excess
Sylvania Electric Products,
Inc.-~Expansion—
the manufacturing
operated by Electro
Inc., Cleveland, Ohio.
The latter has been a large manu¬
of lead-in wires for use in radio tubes,
incandescent and
639
6,705
7,568
$4,575,565
$3,727,551
•
$268,003
1,940
1,083
22,307
'18,949
$405,337
$269,086
$4,597,872
$3,746,500
187,322
188,427
2,316,451
2,267,070
$218,015
$80,659
$2,281,421
applic. to preferred stock for
the period-
865,050
$1,479,430
865,050
$1,416,371
$614,380
(net)_
income
Gross
Int.,
$403,397
revenues-
oper.
income
deductions—
etc.,
income
Net
Divs.
Balance
-V.
157, p.
2054.
Corp.—Dividends—
declared a dividend of $1 per share on
quarterly dividend of $1.75 per share
stock, both payable July 1 to holders
of record June 25.
On April 1, last, a dividend of $1 and an extra
of like
amount were paid on the class A shares, hnd on Jan. '2,
1943 a distribution of $1 was made, which was the same amount paid
each quarter from Feb. 1, 1941 to and including Nov. 2, 1942.—-V. 157,
p. 2054.
directors
the class
on
the
A
on
June
7%
21
stock and the usual
cumulative preferred
Twentieth Century-Fox Film
Corp.—Registers 100,000
Stock With SEC—
The corporation filed June 22 with the SEC a registration statement
of a new issue of 100,000 shares of prior
preferred stock.
It is stated in the registration statement that the
proceeds of the new issue will be used to finance, in part, the purchase
of a 58% interest in National Theatres Corp. from the Chase National
Bank.
The remaining 42%. .interest in National is presently owned
covering the public offering
Century-Fox Film Corp.
of the new prior preferred stock is to be furnished
registration statement.
understood that the underwriting group will be headed by
Brothers and Hayden/ Stone & Co., and will include Blyth
by Twentieth
The dividend rate
Metals,
Lehman
lamps
1,200,000
552
by amendment to the
fluorescent
722.014
1,200,000
investments
,
corporation announces the purchase of
facilities, including plant and machinery, formerly
facturer
800,383
100,000
Shares Prior Preferred
$151,014
credit and includes provision
The
63,178
100,000
taxes
Other
1943—12 MOS.—1942
$941,805 $13,110,873 $12,211,717
5,300,350
5,285,459
432,425
1,269,125
1,227,870
77,560
$1,113,731
—
Operating expenses
Federal
123,187
•fi
cess
1943—Month—1942
Period End. April 30—
$207,196
1943
-
Profit
Federal
20,545
fixed
for
charges
The
1942
$2,239,952
and
Net
$1,143,241
receivable, $302; total, $19,317,128.
a
$7,414,608
sales
Earns,
$1,235,591
$1,371,858
31
unamortized debt discount and
expense, $619,662;
due from subsidiary companies, $248,176; cash in
banks, $228,573;' special deposit and working funds, $4,980;. accounts
Other
$1 Dividend—
dividend of $1 per share on the
capital stock, par $25, payable June 28 to holders of record June 22.
This compares with 50 cents paid on July 2, last year, $2.50 on Dec.
30, 1941, and 50 cents on July 2, 1941. „
^
The company issued the following statement:
"Due to renegotia¬
tion and the limitation of the V loan agreement, the company was
not in a position to pay a dividend for the first quarter. However,
if business conditions continue as now anticipated, it is planned to
go on a regular quarterly 50-cent dividend basis."—V. 156, p. 1695.
directors
The
Cost
28,768
$1,170,128
Balance
Net
Submarine Signal Co.—To Pay
Net
8,433
-
Assets—Investments,
Operating
made
75,183
$1,118,651
24,591
"Loss.
in "flat" and to be a delivery must carry
subsequent coupons.—V. 156, p. 1782.
notes
the
of
1,066,051
$1,141,360
charges
received notice from the above
has
Curb Exchange
corporation that it does not have sufficient funds to meet
due July 1,
1943, on its 7% gold notes (stamped 4%)
1946.
Accordingly the Committee on Security Rulings
per
(net)—
items
Surplus,
1,143,241
$1,227,158
1
Total
Direct
$57,030
1,170,128
surplus--
Jan.
Inc.
Stinnes Corp.—To Default on
(Hugo)
on
$61,034
1,235,591
$1,296,675
for
Balance
2258.
Deprec., int.,
sterling: Drug:, Inc.—Resumes Production of Castoria
June
Co. -Earnings of Company
ap¬
undistrib.,
Portion
$37,889,555
157, p.
3 Mos. End. March 31—
i942
for the month of May
same
June 30.
cents on
1942
subs,
Tubize Chatillon
Period End. May 31—
Net sales
and
1,013,166
657,000
14,505
1,094,810
386,094
3,118,537
—
Superior Steel Corp.
Electrical
of
& Share
Bond
157, p. 1590.
Sterchi Bros. Stores,
Dividend—
share has been declared on the capital
per
Miscellaneous deductions
For
For
The
the authority
granted the Secretary of the Navy by law.
The Secretary said that
his own investigation of the contract "showed no improprieties had
been
employed by either party.
The acting Attorney General has
asked me to say that the Department of Justice wishes to join in
the latter statement and concurs fully and emphatically," he added.
The Navy said that statements that it did not intend to make the
conract
public were "unwarranted and false."
It added that the
agreement was officially announced in a news release, was discussed
in trade journals and copies were submitted to the Navy subcommittee
of the House Appropriations Committee in February.
"It has been the settled policy of the Government for many years
to acquire control of these lands to conserve the oil in the ground,"
the Navy said.
"Except for one small parcel, Standard Oil is the only
remaining private oWner in the reserve. Without cooperation between
the parties the operation of Standard Oil Co.'s wells would drain oil
from Navy-owned lands, impairing their value."
Mr.
188,715
109,481
393,539
1
taxes
Dividends payable
Total
Secretary Knox's statement came after Norman M. Littell, Assistant
Attorney General, had pronounced the contract "illegaland invalid"
in testimony
June 17 before a House investigating committee and
disclosed that these findings had been sent to the White House.
Department
i
'
1,124,915
616,761
trade and sundry accounts
Salaries and wages
-V.
Secretary of the^Navy, said June
1,154,213
par value, payable July 22 to holders of record
with $1.20 paid on Dec. 10, 1942, and 50
1942.—V. 157, p. 903.
plicable
2,013,973
accounts
plate
Armor
Other
company has agreed to terminate its controversial contract with
the Navy for exclusive
oil-drilling rights in the naval petroleum
reserve at Elk Hills, Cdlif., and steps will be taken to end the contract,
..
<"
1,840,148
Standard Oil Co. of Calif.—Secretary Knox Terminates
Elk Hills Oil Deal-
■;
$13,104,000
377,664
working capital
Instalments due within a year on long-term loan
Controlled advances (Government contracts):
Armor plate facilities
Bombs (facilities and working capital)
for armor plate
Loans
Earned
;fr
1,192,264
Calendar Years—
Reserves:
Schamus, who claims to be a stockholder in
Mr.
request
cents
of 50
Liabilities—7%
(banks):
payable
Notes
Provision
Standard.
92,808
,
no
Surplus,
557,551
8,086
8,961,153
stallation
Accounts payable:
public utility operating companies in the
Standard Gas & Electric Co. system for the week ended June 19, 1943,
totaled 190,223,000 kwh., as compared with 154,484,000 kwh. for the
corresponding week last year, an increase of 23.1%.
output of
Electric
1,162,250
compares
8,
$3
Total
Guaranty Trust Co. of New York was granted permission June
in the company proceedings under Section 11 ,(b) of
The
19
89,638
1,206,691
Telephone Bond & Share
1,840,148
capital)
receivable:
Goodwill
Electric
&
stock,
This
11,660,563
working capital
contracts
Bomb
Accounts
Property, plant and
Patents and patent
credit.—V. 157, p. 2053.
Co.—Guaranty Trust Per¬
mitted Part in Standard Gas Case—
Gas
dividend
Net
*
Standard
$5,400,644
93,522
2258.
p.
Interest
Inventories
_.—
$6,198,825
Government controlled:
$6,692,091
charges
after manufacturing
1943
and on hand:
(unrestricted)
General
6 Mos. End. Feb. 28—
of March 31,
Cash in banks
Restricted as to use for armor plate
*
as
accruals
res.
5457,963
Assets—
(& Subs.)—Earnings—
Spicer Manufacturing Corp.
Profit
3,980,302
$1,122,181
for
$549,858
re¬
Taylor-Wharton Iron & Steel Co.—50-Cent
A
(less 10%
of $420,208)
incomp
17,904
157,
10,080
15,144
and State taxes on income
Provision for Federal
Provision
income
Preferred stock divs,—
—V.
contingencies
Sundry
$503,802
75,832
Int. & other deductions
Class A com. stock
1,263,198
250,000
$787,904
72,232
Gross income
Net
extraordinary expenses in connection
contracts
for
Provision
company'-s
1943—12 Mos.—1S42
4943—Month—1942
—
income
—V.
owned
for possible
war
credit
h»
88,787
$6,761,758
120,854
Idle equipment expense
1
tirement
Net
Earnings
and finance expenses
with
& excess profits
revenues
income after
Gross
$6,672,971
profit
income
Provision
in¬
come
,
Interest
taxes—
income
excess
Charges
Total
tne
Only—
379,110
193,829
production—a
of
to
months of high quality
devices for the armed
88,736
Operating
22,026,466
982,469
income
366,120
103,072
102,388
excellence
presented
Tampa Electric Co.—Earnings—
$29,681,906
—
•
Other
excess
continued
flag—was
Ended March 31, 1943
goods sold--.,
and administrative expenses
of
General
for
the
to
Period End. May 31—
Oct.
sales
Cost
the
the
company's common stock, and
will require 68,973.05 shares of
Statement for Three Months
added
star
"E"
award
Army-Navy
white
Sept. 20, 1943, and
of l/20th of a share of common stock for q:$ch share
record date.
The payment of the first dividend will
require 65,688.6 shares of the
payment of the second dividend
company's common stock.
Operating
profits
com¬
pany's common stock, which are payable in common stock.
The
dividend is payable on July 20 to holders of record July 10 and is
at the rate of l/20th of a share of common stock of eacn share held
on
the record date.
The second dividend is payable on Oct. 1, 1943
1,868,280
Taxes, other than Fed¬
134,662
to issue
directors
payment of stock dividends declared by its board of
making the total amount applied for to date 1,452,184 shares.
On June 7, 1943, the directors declared two dividends on the
in
Net
1943—12 M0S.~1.942
1943—3 Mos.—1942
Period End. March 31-
has authorized the listing of
the company proposes
York Stock Exchange
New
shares of common
Consolidated Income
Southwestern Light & Power Co.- -Earnings—
Co.—Listing/Etc.—
Spring
Steel
Standard
prise ice
facilities,
Receives Award—
The
Emporium (Pa.) plants in token of six more
high quantity output of precision electronic
forces.—V. 157, p. 2258.
1854.
p.
Monday, June 28, 1943
CHRONICLE
fered with the normal
Palm,
Royal
east
& FINANCIAL
THE COMMERCIAL
2458
It
&
is
Co.,
Inc.
2459
CHRONICLE
COMMERCIAL & FINANCIAL
THE
Number 4189
Volume 157
'
control
supervision
or
Pacific Coast,-
the
in
under their operating
approximately 590- theatres located principally
Rocky Mountain and Midwest sections 'of the
country.-
consolidated net Income of
26, 1943 was approximately
The
March
Period End. Dec. 31—
National in the 13 weeks ended
$887,OOOi. against $477,000 in tlje,
In the full year ended Dec. 26, 1942,
about $3,382,000, antfe its average annyal
earnings in the past seven years have been in excess of $2;600,000.
1
The purchase of the National Theatres stock from the Chase National
Bank and* the issuance of the prior preferred stock are to be sub¬
mitted for approval of Twentieth Century stockholders at a special
meeting to be held on July 6.
If the stockholders approve,- it is
expected that the public offering of the prior preferred stock will be
made shortly after the date of the meeting.—V. 157, p. 2355.
the
shipping
season
caused by weather coritUUeas?companies of United States Steel Corp.—Oliver Iron
Duluth, Missabe & Iron Range Ry. Co., and Pittsburgh
Steamship Co.—working in close cooperation, loaded and dispatched
the four vessels from Lake Superior ports on June 13 as a climax to a
record-breaking week in loading ore for shipment down the Lakes.
During the week just passed the Pittsburgh Steamship Co. arranged
for the floating of 1,285,000 gross tons of iron ore.
This represents
Federal
1,223,573
6,983,672
1,201,392
1,251,022
4,577,165
4,568,407
3,401,425
_________
3,314,251
12,721,710
Mining
11,888,549
«
the
(net)—...
income
Other
$2,923,425 $11,505,236 $10,169,212
197,097
348,167
395,669
$2,833,979
168,631
revs
oper.
Int.
on
Int.
on
375,000
3,120,522
! 48,750
375,000
458,263
3,062,610
48,750
bds.
10,564,881
195,000
11,853,403
195,000
1,500,000
525,695
1,500,000
2,016,289
14,496
129,960
53,008
45,312
25,049
54,637
25,696
$2,211,413
$2,066,166
$8,143,743
int.
deductions
—_u~.
Int. chgd. to
constr. (Cr)
2,095,32.9
171,925
Portion
mi-
to
applic.
for
179,205
252,910
63,246
158,054
Earnings
—V.
share
common
per
156,
-V.
2231.
U.
.
1941
$60,703
$0.58
Beached—Company
•—
Agreement
claims
6f company, based upon its holdings of debentures of Associated Gas
and ..Electric Co.
(AGECO) and Associated Gas and Electric Corp.
(AGECORP), culminated in a compromise agreement, which, if duly
approved by the court and the Securities and Exchange Commission,
should result in the redemption and payment of utilities securities at
the negotiations for
1943
4,
June
On
the settlement of the
interest.
is the largest single creditor of
amount and Sccrued
face
„
r.
centers
industrial
.
In
ffown
P.
increase of 4% in express pound-miles
in mail pound-miles flown, according
the company's air cargo department.
pound-miles totaled 564,928,000 and mail pound-miles 1,501,-
Express
director
Graddick,
of
applied only to United's regularly
scheduled passenger-cargo operations and did not include cargo carried
by United in military transport services which it is operating under
contract for the Government.—V. 157, p. 2259.
said
Graddick
Mr.
these figures
United Gas
Improvement Co.
—
Discontinues Weekly
Production—
issued the following statement:
"Since
the distribution to the stockholders of this company of
its stock holdings of the Philadelphia
Electric Co. became effective
as of
June 12, 1943, our weekly reports on U. G. I. Electric Outputs
(hereafter only a small fraction of the former amounts) will not be
of sufficient interest to warrant their continuance."—V. 157, p. 2355.
The
company
United
June 23
on
Merchants
Manufacturers, Inc.—Registers
&
with SEC—
'
with
on June 18 filed a registration statement (2-5154)
covering the issuance of 60,000 shares ($100 par) 5% cumu¬
preferred stock.
Lehman Bros., New York, wiy head the under¬
writing syndicates, with names of other members and public offering
SEC
lative
by amendment.
Compapy on June 25 filed with the SEC furnishing underwriting
data concerning its proposed offering of 60,000 shares of 5% cumula¬
tive preferred stock, (par $100).
It is expected that the offering will
price to be filed later
*
week.
made next
be
amendment discloses that
The
£■•
the underwriting group
will be headed
and will also include Blyth & Co., Inc.; Eastman,
Hornblower & Weeks; Stone & Webster and Blodget, Inc.;
& Co., Inc.; Hemphill, Noyes & Co:; Wertheim & Co.; J.
by Lehman Brothers,
Dillon & Co.;
Becker
•A.
G.
S.
Bache
&
Lynch, Pierce, Fenner &
Co.; R. S. Dickson & Co.,
Schwabacher & Co.; Bear,
Hallgarten & Co.; Merrill
Weld & Co.; Dean Witter &
Co.;
White.
Beane;
Mitchum, Tully & Co.; Riter & Co.;
Stearns & Co.; Piper, Jaffray & Hopwood.
Inc.;
,
financing will be used to improve working capital
position, modernize and improve manufacturing properties and plant
equipment, provide for post-war contingencies and possible post-war
expansion, and for general corporate purposes.
Consolidated net sales for the fiscal year ended June 30,
1942
amounted to $66,870,740,
and for the nine months ended March
31, 1943 to $61,130,647. ,
Consolidated net profiUfor the year ended
June 30, 1942, after $750,000 provision for contingencies, was $3,899,406,
and for the nine months ended March 31, 1943 amounted to $3,268,423,
after $500,000 provision for contingencies.
Giving effect to the new financing, the 5% preferred stock will
represent
the company's sole
senior capital obligation.—V. 157,
Proceeds of the
X
1951, 2185.
Board
The
a
-Declares Ruling of
Labor
Unconstitutional—
has rejected the National
31, 1943, which orders the
company
of
order
May
contract
its
Co.-
with
the Union
at Warren,
War Labor Board's directive
company to incorporate in
Ohio, a clause establishing
of closed shop called "Maintenance of membership" together
check-off of Union dues and initiation fees from wages.
President William L. Keady further stated that the company, how¬
form
with
a
ever,
the
The
the
the small amount of retroactive wage covering
1942 to Sept. 1, 1942, requested by the Board.
and the employees have declared themselves satisfied with
There is no issue over wages."—V. 157, p. 2260.
"is willing to pay
period
Union
wages.
July
20,
—
„
exchange
Foreign
525,000
4,200
9,184
net
adjust.,
exch.
accrued
accrued liabilities
current and
1
credits
Deferred
Reserves
in
Contributions
construction—
of subs
of
aid
Capital
in surp.
surplus
Earned
253,076
765,452
5,211,219
139,349
299,711
107,557
43,240,353
.
$3,784,027
$2,004,963
per
5,483
465
996,000
486,000
$4,141,200
191,340
$3,802,056
$2,782,544
95,882
$1,518,497
191,764
share—$l.g3
$0.97
$0.70
12,503
324;057,975 309,434,115
2259.
in 1943, $317,863
"Exclusive of $293,003
retirement credit and $30,000 post-war
shares outstanding .(.afjer deducting
debt
common
Comparative^ Consolidated
Pacific
United
$1.50
of
dividend of $4
extra
An
Insurance
Co.,
have
share
per
share and the
been declared on
per
28 to holders of record
31, last, and one of
payable June
paid on Dec.
was
Seattle, Wash.—Extra
of $4.
usual quarterly dividend
the capital stock, both
June 25. An extra of 50 cents
$1 on March 27, 1942.—V. 155,
Feb. 28,'42
•$ .
12,325.616
*1,746,553
1,943,543
28,367,941
50,322,514
i
.w
-
assets of subsid.
in foreign territories
Investments in affiliated companies
Current and working
Land
5,058,098
4,393,808
57,250,483
53,108,181
1,282,560
Government bonds
tAccounts and notes payable—
$ : ;
10.202,289
"609,583
1,576,870
20,916,398
4,405,908
4,419,407
57,180,810
—
States
United
1,194,697
operating
-
—
and equip, on owned properties——
buildings & equip, on leased prop.
•tBuildings
13,304,590
1,735,875
1,637,248
8,331,776
11,528,068
2,001,461
2,329,747
8,403,226
((Leaseholds,
assets
Other
charges
Goodwill
Co.—New Booklet Issued—
In order to provide full information on battery purchases and care
to the truck operators of the nation, this company has issued a com¬
plete "Truck Battery Guide."—V. 157, p. 2260.
§On 3,701,090
refund).
shares held in treasury).
Feb. 27,'43
i
—
-
Deferred
832.
p.
and
Balance Sheet
Assets—
Inventories
Dividend
$0.35
in 1942, $347,629 in 1941
1940, in respect of studio properties charged to film costs,
tlncludes $700,000 for possible excess profits tax.
tlncludes provision
for Federal excess profits taxes of $8,100,000 (after deducting $870,000
101,491
19,266,061
33,770,950
paid
$400,660 in
466,866
19,266,061
9,237
t2,825,060
divs.
§Earnings
295,503
J9,800,000
-
jJ[,
profit
Net
Preferred
'
37,291,367
Total
p.
$6,636,293
Federal taxes :
Cash
157,
$3,407,071
376,956
$13,953,709
——
-
interest
Minority
33.765
415,060
surplus
Minority int.
Profit
7,818,959
33,383,816
25,925,000
3,670,180
1,530.111
3,822,956
1,540,111
25.162
" 795,286
8,550,773
132,090
368,961
461,727
51,887,548
182,183
accrued
Interest
$6,401,834
234,459
$1,709,459
284,503
$13,669,206
income
Other
4,030
414,000
•
loss
88,468,000
-
United States Rubber
Liabilities—
payable
payable
Accounts payable
Interest accrued
,r
Other accrued liabilities—
Reserve for Federal income taxes..;
""Notes
95,670
95.882
4,690,431
3,936,534
221,781
281,238
3,650,80J
tfl2,388,264
3,383,812
6,216,401
3,090,048
2,367,885
23,586
1,099,458
331,139
Dividend
Smelting, Refining &
States
United
On Common
Pay 75 Cents
Mining Co.—to
Shares—Earnings, for First
»:
Five Months—
June 22 declared a dividend of 75 cents per share
stock and the regular quarterly dividend of 87 V2
on
the preferred stock, both payable July 15 to
holders of record July 1.
Like amounts were disbursed on April 1,
last.
Distributions of $1 per share were made on the common stock
on Jan.
15, this year, and in each quarter during 1942.
directors
The
the
cents
on
common
share
per
declared on the commbn
regular dividend rate."
Estimated Consolidated Earnings for the First Five Months
Five Months Ended May 31—
1943
1942
Gross earnings
$2,406,457 $3,037,135
Domestic' an$l foreign Federal taxes on income
583,308
782,036
that "the dividend
considered as establishing a
company announces
stock is not to be
*
.
Reserves
•Net
678,813
amort
requirements
dividend
Preferred
Balance
share on 528,765
stock outstanding
Earnings
per
$1,676,301
682,424
$993,877
shares of com¬
$0.87
$1.88
deducting all charges except domestic and foreign Federal
income and provision for reserves for depreciation, depletion
"After
taxes
and
578.798
$1,144,336
682,424
$461,912
deprec. deplet. &
for
earnings
on
amortization.
Note—No
was made for excess profits taxes
believed that none will be required.—V. 157,
provision
period, it being
U. S. Rubber
Reclaiming Co.—Accrued
for either
p. 1752.
directors on
account
JtSerial
debt,
of
per share
preference
This com¬
cents 'each 011
1191.
Corp.—Participating Dividend—
The directors on June
15 declared a participating dividend of 10
cents per share on the series A 6.4% preferred stock, par $25, and a
dividend of
10 cents per share on the common stock, par $1, all
payable June 28 to holders of record June 18.
The last regularly
quarterly dividend of 40 cents per share was paid on the 6.4%
stock on June 10, this year.
Participating dividends of 15 cents each and
were paid on
the 6.47/s preferred stock and
on March
10 and June 10, last year.—V. 156, p. 791.
dividends of like
common stock
amount
United
States Steel
Corp.—Number of Stockholders20, 1943,
1943, it is an
stockholders of^this corporation of record on May
numbered 163,783, an increase of 539 since Feb. 20,
nounced.
On the latter date there were 163,244 common
a decrease
of 290 since Nov. 20, 1942.
common
The number of
preferred stockholders
71,656. an increase of 892 since Jan.
were 70,764
preferred stockholders,
1942,
,
'•
of record April 30, 1943,
totaled
29, 1943. On the latter date there
an increase of 654 since Oct. 30,
;
.
Record-Breaking Ore Cargoes—
Steamship Co. carriers are on
Lakes with record-breaking ore
cargoes—badly needed to meet the heavy war requirements. The fifth
of the new vessels had earlier established a mew record which its sisterships are now in the process of breaking.
A special effort is being
made bv United States Steel's ore-carrying fleet to make up for the
Four
their
of
way
the
down
newest Pittsburgh
from the head of the
five
funded
33,739
to
1,329,372
347,413
5,459,495
45,190,662
1,070,764
2,592,351
contingencies
stockholders in subsid. cos.
($5 par)
—_
Preferred
stock..
—
Capital surplus
Reserve
for
Interest
of minority
Earned
269,769
19,006,723
stock
Common
surplus
stock
Preferred
5,670,885
57,316,563
21,469,828
Drl87,261
—
treasury.
in
held
Total
_l.
—
—
-
"Includes $396,640
series F defense bonds.
3,919,784
56,138,598
1,771,752
2,300,567
257.084
19.006,723
5,670,885
57,316,563
12,988,751
Drl70,141
184,989,802 178,131,198
fLess reserves of
$238,012
$236,201 in 1942. tLess reserves for depreciation of $39,and $37,667,181 in 1942.
§Less reserves for deprecia¬
tion and amortization of $11,995,832 in 1943 and $11,808,345 in 1942.
""Including $1,200,000 in 1943 and $1,000,000 in 1942 secured notes
payable to banks. ttLess U. S. Government tax anticipation of
500.
ttLess $72,250 in 1943 and $46,000 bonds held in treasury.—
lp 1943 and
959,434 in 1943
$5,008,-
157, p. 2356.
V.
The
the
on
company
$4
par
Ip
,f
Products Co.—20-Cent
Wayne Screw
1 paid a dividend of 20
stock to holders of record
June
on
common
Distribution—
only payment so far this year,
Distributions during 1942 were as
cents per share
May 24. This is
the
and
10
cents extra;
168.
p.
United States Sugar
preferred
bonds, sinking fund require.,
contractual obligations, etc
affiliated companies.®
Royalties and participations payable
Advance payments for film, deposits, etc.—
Current liabilities of subsidiaries operating in
foreign territories
Funded and other long term debt
Deferred credits
.
:s
—
Owing
Dividend—
June 22 declared a dividend of 50 cents
accumulations on the 8% cumulative prior
stock, par $25, payable July 7 to holders of record June 29.
pares
with 75 cents paid on April 5, last, and 50
April 20, .July 15, Oct. 15 and Dec. 21, 1942.—V. 157, p.
The
on
stockholders,
United States Gypsum
31,770
——
conting—
invests.
for
misc.
for
Prov.
44,982,200
253,076
shares..
long-term debt
'
p.
companies
Provision
763,240
88,468,000
7,818,959
deposits
Customers'
mon
Company
the
63,309
44,982,200
debt and interest
long-term
Matured
The
Reports on
2,349,611
1,875,856
invest, in affil.
Prov. for
212,274
31,871,454
25,925,000
maturing
Currently
on
245,000.
1,628,668
1,264,682
•
Long-term debt
Note payable
Accounts payable
reported last week by this
May United registered an
and approximately 57%
C.
to
1,505,140
2,266,126
Profit
preferred, cumulative——
$7 second preferred, cumulative
Common
($1 par value)
Subsidiaries: Common stocks, 126,451
-V.
$5,974,896
2,255,671
324,057,975 309,434,115
Liabilities—
corporation.
:s
:
$7,705,403
2,298,539
of
deprec.
and
property
3,938,458
78,321
1,060,757
accrued assets
$17,209,199 $10,730,512
film amor.
aft.
Interest
5.p06,604..
-331.350
$7
Transport Corp.—Air Express—
mail loads moving between
in air express and air
along its system were
~30~788
&
shall be cancelled;
bonds and income notes
United Air Lines
i
*J-Continued gains
Profit
"Amort,
3,774,541
Total
agreement.—V. 156, p. 2143.
the
77,050
6.007.473
:
———
sales
of
169,892
53,775
—
$51,009,861 $50,728,843
44,753,947
43,304,451
profit—$63,409,868 $58,547,614
and exps.
46,200,670 47,817,102
Gross
Cost
4,749,199
investments—U. S. Govt, oblig.
debits
Deferred
3,187,256
13,030,684
66,471
—
Other current and
Other
Feb. 27, '43 Feb.-28, '42 Mar. 1, '41
etc.—$61,220,407 $56,432,210 $48,905,993
tenants, etc.
2,189,461
2,115,404
2,103,867
rental,
150,625
Prepayments
due 1981 of company,
and
the New England Capital Corp.
(NECAP) debentures due 1964
(assumed by company) will be duly redeemed and paid at their face
amount
plus
accrued interest; the NECAP debenture holders will
receive
payment in full in cash; the holders of the income bonds
and
income notes
will receive accrued interest and a substantial
portion of principal in cash, and (as permitted by the indenture
securing said bonds and notes), the balance of principal in AGE¬
CORP
securities at the market value of such AGECORP securities
on a
date ten days prior to the date of redemption.
Such AGECORP
securities may be held or disposed of by the recipients as desired;
(3) After such redemption and after all other liabilities have been
paid or provided for, the stock of utilities company held by the vari¬
ous
parties to the agreement and constituting its total outstanding
stock will be delivered to company for cancellation, company will dis¬
solve and its remaining assets will be placed in trust to be used for
welfare purposes among the employees of the companies enumerated
in
3,209,445
19,568,211
receivable
Inventories
will
(& Subs.) —Earnings—•
Feb. 24, '40
$48,682,543
2,046,299
Warner Bros. Pictures, Inc.
Rents from
accounts
demand
banks—on
Accounts
Taxes
Public offering of the Issue
$
285,10.7,308
fund
and
Temporary cash
Notes receivable
AGECORP debentures
income
1941
equipment
Working funds
summarized as follows:
the redemption and payment of securi¬
and AGECORP debentures held by com¬
pany will be cancelled, and the remainder shall be entitled to partici¬
pate in the associated reorganization proceedings to the same extent
as
publicly'held securities; provided, however, that when the securi¬
ties
are
duly
redeemed, an additional $794,000 of AGECO and
The
made
Film
282,054,560
and
property
in
Cash
agreement is briefly
(1)
Immediately prior to
ties, $5,221,000 of AGECO
(2)
4,048,398
31
Dec.
Special deposits
The
'
Sheet,
$
Investment
Systems.
Electric
and
Balance
1942
AGECO and AGECORP,
holding approximately $36,000,000 of their debentures.
AGECO and
AGECORP. hold, indirectly, approximately 85%
of the capital stock
(non-voting) of company.
The major issues in this problem were
whether or not the AGECO and AGECORP debentures held by com¬
pany should participate in the reorganization proceedings to the same
extent as publicly held debentures; further, it was contended, on the
one
hand, that such stockholders should participate in any surplus
of company remaining after utilities securities had been paid in full,,
and,
on
the other, that such surplus should be used for welfare
purposes among employees in the Associated and New England Gas
Company
$6,449,118
Assets—•
Securities
stock sale or subscription.
on or about July 15.
for any
26 Weeks Ended—
Consolidated
.
Co.
to Be Dissolved—
Employees
Utilities
$7,890,833
4,498,220
$2,002,920
$2,053,359
divs.
Pfd.
Plant,
-
company has no underwriters and solicitation of subscriptions
issue will be made through the mails.
No fee, commission or
compensation will be paid or allowed, directly or indirectly,
con¬
solidated earn.surp.
$117,905
$1.13
taxes
to
carried
'
r
the
other
;
.
interests
nority
J
share.
a
The
Balance
Corp.—Earnings—
1942
'
$63,948
$0.61
Druggists of Fort Worth, Inc.—Reg¬
The
be
1943
chartered vessels of
the histdry of the steel
in owned and
company^ with home offices in Wilmington, Del., on June 19
filed a registration statement (2-5157)
with the SEC covering 5,000
shares^ (no par) common stock with a public offering price of $50
$6,628,323
debentures
Other
Bal.
Union Wire Rope
loaded
ever
SEC—•
isters With
2374..,
Quarter Ended March 31—
Net income alter charges and
tonnage
United Wholesale
income
collat, tr.
Gross
:
redemption as of July 1, 1943 forty 4 %
50-year sinking fund collateral trust mortgage bonds due 1952 at 105
and interest.
Payment will be made at the Land Title Bank & Trust
Co.,
trustee, Broad and Chestnut Sts.,
Philadelphia, Pa.—V. 155,
1).
largest
in any one week in
corporation.—V. 157, p. 1752.
, •
been called for
have
Co.;
Pittsburgh Steamship Co.
Net
Other
There
3,095,574
1,194,992
taxes
taxes
Other
subsidiary
Three
,1942—3 Mos.—1941
1942—12 Mos.—1941
$13,953,366 $14,014,034 $56,043,450 $48,873,473
19,151,731
20,255,667
5,295,763
5,261,578
Prop,
retirement
and
deplet. res. approps._
Philadelphia—Bonds Called—
Co. of
Union Traction
...
Operating revenues—..,
Operating expenses
corresponding 1942 quarter.
National had net income of
v
(& Subs.)—Earnings—
United Gas Corp.
Theatres Corp. have
of National
Subsidiaries
of
start
late
.
follows: May 15. 10
July 30, 20 cents; and Nov.
,7
West Disinfecting
cents regular
30, 50 cents.—V. 156,
Co.—Bonds Offered—Coffin
& Burr,
$1,000,000 3%% 1st (closed)
mtge.
bonds at 100 and int.
Dated June 1, 1943, due June 1, 1958. Principal and interest (J&D)
payable at principal office of Trust Co. of North America, trustee,
New York. Coupon bonds in denominations of $1,000 and $500, inter¬
changeable and registerable es to principal only. Redeemable all or
part at option of company at any time upon at least 30 days'
notice at principal amount p^us premium
as foUows: 3% throueh
June 1,
1945, thereafter 2% through June 1, 1948, thereafter lJ/2%
through June 1, 1951, thereafter 1% through June 1, 1954, thereafter
J/2 of 1% through June 1, 1956, and similarly redeemable for the
sinking fund only during like neriods at the principal .amount plus
premiums of 1V2%, 1%, % of 1%. »/2 of 1%, V* of 1%, respectively,
and after June
1, 1956, at the principal amount without premium;
in every case with accrued interest to redemption date, v Reimburse¬
ment for Massachusetts
income tax not exceeding 6.6% of interest
the bonds and for any Pennsylvania personal property tax to the
extent of 5 mills per annum on each dollar of taxable value of the
Inc.,
June 23 offered
& coll. sinking fund
on
on
bonds.
is one of the oldest organizations engaged in
distribution of sanitation products. Its products,
Company—Company
the
manufacture and
which
number
disinfectants,
deodorants,
prevention
than 500 items, include as major classificatons,
insecticides,
liquid soaps, paper towels, cleansers,
more
floor
of
specialized products for the
occupational diseases, dispensers and other
maintenance products,
certain
i
i\ V'f
1
,
equipment
for the
such- -commodities,
of
use
proper
institutions and places where large numbers
congregate, Except tor dispensers and similar eouipment,
pany's products are consumable goods, thereby producing
buildings,
Accordingly
mitted liabilities by $924,372.
The cash charge on the conversion
privilege of the class B stock will be increased by a further $1 per
share
if the liabilities exceed
the original limit by $308,124, and,
if the liabilities should amount to a further $616,248, by an additional
$1 per share, with Western Union assuming the balance.
The charge
per share will be proportionate if the liabilities amount to an inter¬
possibility.
of people
the com¬
a repeat
"
business.
renders service to its customers in connection with the
use
of many of its products, installs appropriate equipment therefor
and supervises the application of certain of its products not intended
for retail distribution to the public/ ,These dispensers and similar
equipment are either sold by the company or loaned, to its customers
and are intended for the exclusive use of the products of the compan
:
1
/>■•/
Company
?
mediate figure.
/■ \> •./ ; v<
determine what the final liabilities will be
since they are dependent upon various factors such as Postal's ability
to reduce its operating losses,
and the length of time required for
consummating the agreement.
The managements of both companies
yare confident, however, that 2he liabilities will not reach the increased
purchased
clusive
suppliers or soid under ex¬
the products so purchased
other manufacturers or
arrangements.
Many of
from
agency
operated
is
1910,
In
Montreal.
in
manufacture of electronic products. The
includes a portion of the first floor;
which possession has already been
taken; and the sixth, seventh, and eighth floors for Feb. 1, 1944,
when the lease of the present tenants expires.
The total floor space
to
be occupied amounts to 232,000 square feet.
Initially it is ex¬
pected that 300 people will be employed, and eventually this may
Outstdg.
•Authorized
2,000, The transaction was handled by CushYork, N. Y.
that the company has leased for a period of
four years the Holland Laundry Building in Jersey City, N. J., near
the Bayonne city line.
The building contains 70,000 square feet.
It
will also be used for the manufacture of communications equipment.
increase
334%
first
collateral sinking
and
mortgage
$1,000,000
1,250,000
5% cum.
6,250,000
125,000
Common
125,000
•As of Aoril 3. 1943. the authorized wnita'ization of the comb'nv
consisted of 100,000 shares of $2.50 dividend cumulative convertible
preference stock (no pari, none of which was outstanding, and 350,000
1958_____
pfd. stock (par $1001
stock (par $2) (outstdg. 62,500 shs.)-
fund
due June 1,
bonds,
/
stock
common,
—V.
of
pari,
/-
'
25. This compares with $2.50
per share paid 011 April 1, last, and an initial of $2.50 on Oct. 15, 1942.
After
payment of the current dividend, arrearages will amount
to
been
-52 Weeks—
and
Nov.
Nov. 30,
Jan. 28,
1943
1942
1941
1940
$7,550,689
$5,221,625
$3,897,303
sold
admin, exps.
1,343,271
3,495,717
2,368,119
1,226,088
3.243,597
2,348,941
1,698,239
1,968.121
Profit before other inc.
$305,103
$811,375
$504,565
$230,943
14,773
47,327
37,087
29,055
$319,876
$858,702
$541,652
$259,9Q8
15,913
53,686
15,855
6,615
12.094
34,775
32,185
32,853
/' ;.'v/ "
;
Cost
of
Sel.,
and
Other
less
goods
income
—
deductions.
income
and Joseph W. Frazer,
President, the report to stockholders for the six months ended March
31 said that the company's war production has exceeded $1.90,000,000
in a period of a little more than 18 months since initial deliveries
for
Prov.
439,334
137,333
$356,279
6,9.35
29,615
23.237
21,405
30,000
67.500
$68,934
$233,792
conting..
the
will
f
/
and
cipal
covered
proceeds
(estimated
will
$938,5001
used
be
of
$337,700
balance
the
of
such
and
net
proceeds
be
will
added
to
the
33/4%
first
and
mortgage
interest from June
!
1,
Notes and
fund
bonds,
,
receivable
(net)
Machines
assets
Deferred
356,255
l.i^O "Sq
-
trade—
and
in
390,249
91,496
—.
—
4,684
.
_
charges
116,049
—
Total
$4,828,555
Liabilities—
payable—banks
$200,000
founts
pavable—trade
liabilities and accrued
Sundry
ZJZZZ
—_
profits
222,179
J
exoenses—
339.802
installments
Emnlovees'
war
bond
payable
and
within
victory
III"
97,500
1,375,000
surplus
———————I
IIIIIIIIHII
I
~
surplus
"
625,000
the
"In
the
design
the
war
Operating
Oper.
for
(
oper.
inc.
Gross
Deduct
Net
Net
^
'"
:
-•
constructive
prior to Pearl Harbor—ail point to a
outlook for the company."
post-war
$1,749,249
22,386
Statement
$4,821,738
178,367
$5,245,586
$5,048,309
inc.-
489,852
486,656
1.965,338
$1,172,116
$3,280,248
$3,104,686
514.000
438,000
1,279,000
1,057,000
inc.
net
inc._
Office
Other
transfer,
to
$767,783.
$734,116
$2,001,248
of
!frni «!0n
War
National
employees,
r
May
$1
Income
below.—V. 157, p. 2356.
Corp.—Changes Name—
the nation's largest producers of refrig¬
eration and air conditioning equipment, on June 21 announced thot it
will be known as the York Corporation as a result of Court approval
on
a
plan of merger and recapitalization.
Actually, the 58-year-old company has been referred to generally
as
the York Corporation for a number of years but now it has been
decided to adopt officially this simpler name, S. E. Lauer, President,
corporation,
of
one
explained,-
York Ice Machinery Corp. resulted from
change in name of the
The
a
with a subsidiary, the York Corporation. The merger, first
in 1941, was upheld in June, 1942, by the U. S. District
but was subsequently appealed to the U. S. Circuit Court of
merger
proposed
Court
intervening stockholder.
Final decision upholding
handed down on June 15, 1943 by the Circuit Court
As:de from the change in name and capital struc¬
ture. the merger affects in no way the company's operations.
One of the early pioneers in industrial and commercial refrigera¬
tion and air conditioning, this corporation is now devoting its entire
by
Appeals
the
an
was
merger
Philadelphia.
in
this equipment to the war effort, with the exception
of repair parts for the maintenance of essential
Mr. Lauer said.
Of the orders booked during
half of the company's fiscal year, 82% were for mechanical
of
production
of
small percentage
a
installations,
civilian
the
first
—V.
comprised
war
extraneous
to
products
other
and
ordnance
18%
remaining
cooling./ The
(L. A.) Young Spring &
Wire Corp. (& Subs.)—Earns.
1943
1941
$1,347,634
$2,638,235
792,475
847,555
$1,309,270
$555,159
$1,790,681
156,093
123,407
$1,465,363
2
profit
1942
$1,915,968
$678,566
30—
606,698
Expenses
:/Balance
s
income
Other
Total
income
Interest,
Net
- .
'
84,712;
•
4*
$1,875,393
69,305
262,795
63,231
190,931
•788,893
$509,685
$424,404
i $!-03
$1,017,195
$2.49
.
taxes
profit
tEarnings per share
44 $1>25
—
tOn 408,658 no par shares
profits tax of $352,586.
stock.—V.
common
•
692,883
etc.
Federal and Canadian income
of
material for marine,
mechanical cooling.
157, p. 2356.
Gross
157,
p.
1472.
*
,
representative to handle future
sales
Radio
board of
$7,633,532 $16,445,878
same
Zenith
514,138
467,469
981,606
833,581
1,866,421
and
Nations.
$6,332,483 $13,597,851
115,201
111,037
226,238
radar
of the
been
has
an
demand for
expanding
effective immediately, and marks
aggressive post-war expansion of export
157, p, 1192.
by Zenith."—V.
planned
Zenith's export activities
an
equipment
The new arrangement is
the first step in
say:
war
stimulated by wide use of the company's
by the armed forces of the United
radios,
post-war
H.
International Corp.
There
countries.
98
F.
E.
and
further went on to
the outbreak
to
/'Previous
covered
Chicago,
directors of Philco
radionic
$7,265,368
of
announcement
1,032,841
•.
Commander
by
Corp.
Steel
the
At
export
Inc., as exclusive
export market development and
on June 3 in a joint,
announced
was
McDonald Jr., President of
W. McAteer, President of
Export Co. of New York.
;//
time Mr. McAteer announced his resignation from the
issued
statement
radios
Zenith
of
distribution
;■
64,228,522
Export Expansion-
Zenith Radio Corp—Plans
Appointment of American Steel Export Co.,
$36,609,504 $80,674,401
28,975,972
.
per
class
of
the
B
for
the
purchase
for
for
Board
May
on
to
Oct.
31
1.
of
the
increasing
1942,
Union
share
stock
on
of
imposed
would
the
Postal
System
by
the
about
wages
twice
of
what
Union,
decision,
together with
privilege
to
be
Fed.
inc.
credit
taxes
(Cr)
21,864
•
businecs
>
,
3,177,834
4,825,000
10,230,000
526,700
468,800
995,500
—
Quarters End. Mar. 31—
$575,082
$772,867
$1,347,949
taxes,
income
for
Prov.
future
1*942
*1943
$274,276
5,566
Operating profit
Depreciation _—
Fed.
profit
Subs.)—Earnings-
Zonite Products Corp. (&
63,806
1,494,538
,
(est.)—
(estimated)
41,942
1,683,296
5.405,000
./
.
other conting.
of
issued
a
maximum
the
to
308.124
Postal
Assets—
<
Cash
and
Cash
(restricted
U:
S.
demand
expend,
F
receivable,
tInventories
Amounts
to
series
bonds,
•Accounts
Mar. 31, '43
_*
on
—
war
$1,737,584
1,912,016
49,950
17,980,323
11,962,342
5,597,827
war
contracts)
1
„.
contracts
12,104,989
:
:
expended
war contracts
and advances
—*
under
—.
6,478,371
_
sh.
$101,999
$0.12
advs
7,487,704
358.059
shares
Other
2,262,864
1.544.643
In
Due
receivables
from
officers
assets
—■
—
'Including
and Chilean
;
Total
•
——
—
—
$64,353,521 $49,073,504
Canadian
branches.
The
the
directors
$148,949
have
1941.
compares
The
1472.
with
previous
10,043
5,284
6,528
41,865
27,310
16,870
47,270
35,000
51,500
$51,901
$70,536
$0.03
$34,408'
$0.04
declared
-
a
dividend
$0.06
!
•
*
of 10 cents per share on
July 20 to holders of record July 9.
19, 1942, and on Dec. 20,
oayment was made on Sept. 10, 1942,—'V. 157,
capital stock, par $1, payable
This
p.
194J
$120,739
subsidiaries, but excluding English subsidiary
■
' r '
- '
" '
/•/■'%•/
I 10-Cent Distribution—
5,091
view
the managements of both companies
common
per
1941
$128,827
106,211
60,500
etc.
profit
Earns,
437,965
charge
Sundry
Net
Dec. 31, '42
$5,520,339
5,330,642
49,950
24,711,209
-
deposits
415,066
////
5,379
tProperty, plant and equipment-.
7,245,217
Deferred charges
————229.495
maximum limit upon the liabilities
conversion
Western
War Labor Board
a
assume,
—
time &
war
Comparative Consolidated Balance Sheet
Deegan
^ amended June 22 because of the decision by
Labor
$6,447,684 $13,824,089
$7,376,405
deductions
Prov.
'
•
increase if the "Little Steel formula" had been
Western
of
13
retroactively
The original agreement
which
Dec. 31, '42 Mar. 31, '43
$2,047,686
Resident of Western Union, and William J.
followedaVC
of
profit
Income
Post-war
surplus
agreement
•*£
Pa.—Name Adopted—
York Ice Machinery
This
American
$8,812,346
;
and general expenses
Prov.
jTesidgt of- the Postal Telegraph, issued the following statement
m
•
York Corp., York,
6 Mos. Ended
35,252,551
Total
from
A'«?•
Postal
648.
157, p.
1.943,623
$1,281,783
Revises Postal Merger Terms—
the
—V.
The
obsolescence)
and
profit
Operating
$1,658,772
the company's sole capitali¬
par common.
Redemption
preferred will be made out of corporate funds, and nO new
financing is contemplated.
In addition to the 12,491 shares of pre¬
ferred outstanding, 7,509 shares are held in the company's treasury.
the
receivable
amounts
plus fixed fee contracts $44,064,897
sales
(exclus.
of deprec.,
cost
of
Gross
Mar. 31, *43
7
.
and
sales
Net
♦k
Periods
226.571
'
ord.
Stated
Deprec., amort, and obsolescence—
$5,067,719
39,918
ordinary income-
earned
-
(or
—Quarter Ended—
amortization
$1,618,854
$1,771,635
plus the dividend.
$100 per share
Zenith
.
ordinary inc.—
.from
Deduct,
/
revenues-.
'"'i
preferred stock on Oct. 1, 1943 at $120 per share and dividends.
usual quarterly dividend of $1.75 per share has been declared
on the preferred stock, payable July
1 to holders of record June 19.
A small amount of preferred stock held by employees will be redeemed
The
of the Jeep," the report continued, "we
appreciation by the motoring public of the
greater
of Willys Americars built
years
Cost
1943—4 Mos —1942
$47,742,299 $40,272,544
9.190 656
42,675,080
35,450,806
11,024,798
(non-com.)_i_
v" *
'
deducts.
all the 12,491 outstanding shares
have voted to retire
manufacture
and
much
being predicted, for a rugged, powerful vehicle of this type in peace¬
time pursuits, and the excellent service records during these crucial
under
$12.774,0*7 $10.«OQ 510
revenues
revenue
Net
Ord.
i
and
Period—
1943—Month—1942
Entire Issue of Preferred Stock—
Votes to Retire
The directors
of
economy
Net
Western Union Telegraph Co., Inc.- -Earnings—
Perlod End. April 30—
;
..
4,
dividend of 25 cents per share on the
1 to holders of record Aug. 20.
This compares with 10 cents each paid on March 1 and June 1, last.
Payments in 1942 were as follows: Feb. 28, May 30 and Aug. 31, 10
cents each; Oct. 10, 20 cents; and Nov. 30 and Dec. 24, 10 cents each.
$10, payable Sept.
par
•Includes excess
which of course was your company's main
still is a substantial part of it due to
field,
automotive
before
Income
2356.
p.
' ~
—V;
Co.—To Pay Larger Common
.
stock,
common
warfare.
modern
$4,828,555
157,
'
■
have declared a
9 Months Ended April
1,243,414
Total
-V.
'
,
Wurlitzer
(Rudolph)
$0.48
•
.
The directors
features of low cost vehicles.
The war-time exploits of the
Willys-built Jeep in every theater of war, the many potential uses
160,000
stock
Capital
Earned
157,
——
Dividend—
■
lock
296,700
year
p.
the winning
17,927
Liability to customers upon return of containers
Mortgages payable, less installments payable within
Reserve
for contingencies
Common
the most important of all jobs,
on
now
41,000
year
deductions
tax
in
business
excess
taxes
Mortga)ge
.
210,033
for Federal and Dom. of Canada income and
;en/e
speed ahead
great performance record and popularity of the Willys-bunt
stockholders were told, "presages an increased appreciation by
the public of the quality of Willys-Overland automotive vehicles."
"It is, of course, too early to forecast the course of aviation develop¬
ment after the war,"
the report continued, "but we believe that the
experience being gained by the company's organization in the produc¬
tion of the Navy Corsair center wing section, aluminum aircraft forgings and other materials will prove of great value after the war."
The
report, interestingly illustrated,
described the many exploits
of the Willys-built Jeep in the land operations of the United Nations
fighting forces. It also disclosed many details of the work being carried
on
by the engineering department of Willys-Overland to develop im¬
proved equipment for the Jeep and to design variations of the Jeep
so
that this already versatile vehicle may find ever greater service
14,526
(net)
eauioment
hand
Intangible
of the
of this
requirements
receivables due on such contracts.
Some 48,200
of preferred stock outstanding at the beginning
were
Jeep,
1,119,343
trade__l™—..
on
than
The
1,106,501
I.
Containers
more
voluntary
full
-
appliances in
and
1
$498,494
assets__,;——
f>"4
outstanding.
of the war," it was added.
in banks__—
Oth/r
assets
Property, plant
war
on
no loans
contracts are
are
reductions reflecting lowered costs.
Discussing the outlook, the report said that officers and directors
are
giving full consideration to the obligation of the company to
assist in provlding sound employment "after1 (the war."
"We believe the best way to make this contribution is to continue
and
April 3, 1943
inventories
current
Government
the
from
there
and
attention to the Renegotiation of War Contracts Act, the
said it is impossible at this time to determine or estimate the
if any of this act upon the financial results for the period,
called attention to the company's policy of conservative pricing
but
97%%
at
'
Balance Sheet,
hand and
accounts
Merchandise
Ot.hcr
on
sinking
collateral
1943.
Consolidated
Assets—Cash
1942
Calling
not later than 10 days after 'the
statement an aggregate of $1,000,000
the company to purchase
effective date of the registration
with
and
the report said that the company's indebted¬
to $839,650, including accrued interest,
amounting
December,
effect,
Underwriting—No firm commitment to purchase the bonds has been
Coffin & Burr, Inc., Boston, has entered into an agreement
of
approxi¬
report
made.
.
of
purchased for $439,713 in accordance with
the certificate of incorporation and will be retired.
of
generaL
funds of the company.
..
backlog
shares
period
property in the aggregate prin¬
premium of $10,800 for prepayment,
RFC,
in
by
260,192
to
discharge the mortgages on
amount
and
net
paid
Advances
$37,500.
be
Purpose—The
pay
to
was
The annual interest reouirement on $1,000,000 bonds to be initially
\
for war materials.
forward orders stands at
Government contracts
the
31
financing,
Reviewing
ness
$163,876
$333,042
U. S.
March
of
$200,000,000,
the report said, adding that as one of the
country's 60 leading producers
of armaments, with nearly 14,000
employees ,in the Toledo plant, Willys-Overland is serving the needs
of the nation also by gearing the facilities of many smaller plants
into the war production program through coordination and cooperation
with thousands of suppliers.
Approximately 90% of these suppliers
are in
areas where work is needed, the report said.
$185,281
profit
Net
—V.
share
1472.
Chairman,
Canaday,
M,
mately
35,249
$330,907
funded debt, etc.
on
Ward
made on
As
$105,869
taxes™.
after
Profit
per
See York Ice Machinery Corp.
Signed, by
186,000
taxes
Earnings
shares—
common
of
Aug
$143,083
300.000
Income after all charges
Net
Outstanding
Willys-Overland Motors, Inc.- -Nets $1,347,948 for Six
and Can.
for Fed.
Prov.
Int.
amort..-_.
and
Deprec.
of
as
Months Ended May 31, 1943
Earnings for the Nine
Months—.
were
Total
Misc.
redemption
Inc.—Earnings—
WoodaII Industries,
Upon retirement of the preferred stock,
will be the 500,000 shares of $10
first mortgage 6%
outstanding
for
ot $187,158 at March 31; $91,271 at Dec. 31/ tLess
at March 31; $223,648 at Dec. 31.
fLess reserves
for depreciation of $3,022,365 at March 31,
1943 "and $2,641,152 at
Dec. 31, 1942.—V. 157, p. 1279.
' '
reserve
of $501,073
zation
sinking fund bonds have
1, 1943 at 103 and interest.
of Nova Scotia, in Hamilton Ont,,
Toronto, Ont„ and Montreal, Que., Canada.—V. 157, p. 1280. ,
the
of
called
$64,353,521 $49,073,504,
—
♦Less
reserve
at
Ltd.—Bonds Called—
2,097,488
8,852,131
8,079,263
Dr439,713 *Dr158,646
stock
Total
.: "
9,750,073
3,439,882
2,601,920
2,601,920
2,097,488
-
Treasury
10,035,000
3,103,209,
.....
16,168,073
4,750,016
time
war
/
-
30,
$2,874,462
■'
sales,
Gross
1568.
p.
Payment will be made at The Bank
Apr. 3,
■•
157,
share.—V.
per
Wood, Alexander & James,
discts.
■'/(//
/
(
$1.25
Surplus
a
5%
the
on
by U.
for
$8,343,060
1,812,254
14,553,061
.4,266,543
and other contingencies
6% conv. cumulative preferred stock (par $10)
Common stock (par $1)—*
—
Accumulated Dividend—
dividend of $5 per share on account
cumulative preferred stock, par $100,
declared
have
directors
accumulation
payable July 1 to holders of record June
18 Wks,
End.
■•/.•/:■'■;
v-'./
....
New
(estimated)
taxes
income
contracts
on
Reserve
as
many
announced
Wiggin Terminals, Inc.—$5
The
of
Earnings for Stated Periods
/'/'// ;
::
as
Wakefield,
also
157, p. 2260.
All
offered,
*
(no
Is
It
which 137,500 shares were
outstanding.
Under a recapitalization of the company in May, 1943,
the 137,500 outstanding shares of old common stock, the stated capital
of
which
was
$1,375,000, were changed into 12,500 shares of 5%
cumulative preferred stock and 62,500 shares of common stock.
All
of the old $2.50 dividend cumulative convertible preference stock and
the 212,500 shares of the old common stock, which were authorized
but not outstanding, were eliminated in the recapitalization.
As of
April 3, 1943, the company had outstanding mortgages in the aggre¬
gate principal amount of $337,700.
These mortgages will be paid
and discharged from the net proceeds received from the bonds now
of
shares
to
arid
man
$1,000,000
$8,581,955
2,922,047
etc.—
liabilities™,.
_j—
S. and Canadian Governments *
current
Advances
leased a large part 0? the
and 11th Ave., New York,
announced that this company has
Automobile Building at 54th St.
lease, which runs for three years,
the fourth and fifth
floors on
t
yCf
for Federal
Provision
Other
;
payable
payroll, taxes,
Accrued
Inc.—Leases Additional Space-
Y., for occupancy for the
N.
to
of
the products manufactured by the company were made at its Long
Island City .plant and the remaining 10% at its Canadian plant.
\
Capitalization (Giving Effect to Present Financing)
constructing a small branch plant in Chicago, which It expects
have in operation this summer.
During 1942, approximately 90'/'.
,
is
it
Packard
"s
limit.—V. 157, p. Z260.
'
Liabilities—
Accounts
to
Western Electric Co.,
and the company is
Can.,
possible
not
laximum
the,company are manufactured to conform to its own established
specifications and requirements.
The company's main plant and
offices are located in Long Island City, N. Y.
A branch plant, estab¬
by
lished
is
/ It
manufacture
•
changes have been made
Except for these amendments, no material
in the merger agreement,
J/ ■-■■■
Company and its wholly owned subsidiary, General Paper Co.) Inc.
about 55% of the company's products. The remainder is
,
the closing
and they
cover that
the amendmenWjncreases the limit on per¬
thought it possible that Postal's liabilities at the time of
might not be kept within the original maximum limit,
therefore felt it desirable to work out a fair adjustment to
including soap
deodorizing fippliemces'," paper towel cabinets and similar
equipment.
They are designed to combat the spread of disease,
destroy many insect pests, and assist in maintaining healthful condrtfons and cleanliness
in homes, schools, hotels, factories, public
dispensers,
t
Monday, June 28, 1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
2469
15 cents paid on Dec.
@FedFRASER