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taHj
MONDAY
Volume 163
Number 4495
New York, N.
Y., Monday, June 3, 1946
Price 60 Cents
Copy
a
General Corporation and Investment News
RAILROAD
PUBLIC UTILITY
-
Construction
Abitibi Power & Paper Co., Ltd.—New Bonds—
Holders
of
first
mortgage
being notified
that
effective
15,
April
under
5%
the
1946,
first mortgage 5c)o
The new bonds are available
Trust
and
Co.
plan
bonds,
series
A,
due
1953,
approved
r
of
are
in
In
York
and
at the
England
head
the
at
of
office
office of
the City
Temporary Share Certificates Ready—
certificates
of
the
for
old
7%
shares,
6% cumulative preferred shares and common shares may obtain tem¬
porary share certificates for the relative number of the new shares
to which they are entitled under the plan of reorganization (including,
subject to the conditions of the plan, fractional certificates when ap-.
plicable in the case of old common shares) on surrender to the trans¬
fer
cumulative
preferred
obtained
the said olfices
of
either
at
begin
soon as the project has been
Administration, and completion
Jolly said.—V. 163, p.
Montreal
of
Trust
available.
purposes
■
American
n
V.V;
cumulative
7%
convertible
•
,
■-.
,
.
■■
,
:
> v,
•
for
called
been
have
redemption
on
June
28,
1946
•
Net
from
Net
ry.
64,039
155,134
4,752,060
7,688.854
7,378,547
624,024
3,074,285
171,000
680,582
3,120,477
709,032
1—
Jan.
182,407
railway—
railway—
income,
163, p. 2429,
from
Net
from
Net
ry.
—V.
700,247
-
oper.
:
Inc.—Acquires Two Stores—
Jackson,
W.
President,
on
May
27
"Z
of approximately $2,500,000, it was said.
purchase price was not disclosed.
No change is contemplated
personnel of the Windmiller stores, Mr. Jackson said.
Other Aldens retail stores are located in Decatur and Kankakee, 111.
The
and
Mason
City,
Higher—
directors
The
per
777 7'u/77''^. '777
June
28
M.ay
on
the common
share on
record
1946.
7,
declared
quarterly
a
stock payable July 1,
/
.
1
*
Condition
Exchange..
Exchange.
dividend
1946,
of
30 cents
tq holders
k
two years Aidens has been paying a quarterly
dividend of 15 cents, plus an additional 15 cents per share at the
end of each year.
Robert Jackson, President, said that it is the
the
During
3030
are
.Other
of
excess
1945.—V.
163,
p.
2845.
J. C.
Aluminum Co. of America.—Builds New Mill—
To meet the
-
growing postwar demand for aluminum sheet, this
W
com¬
new $30,000,000 rolling mill capable of producing
million pounds of sheet and plate a month, it was
23 by Thomas D. Jolly, Vice-President and Chief
pany
will build a
more
than
announced
ten
on
May
Engineer.
'
72711
Banks
&
Denton
de
Quebec,
new
163,
/Z
^
resale
__ZZZ—Z,
taxes_JZ
excess
profits
3,850,431
$6,808,723
——
Zi
$7,009,131] $8,100,262
-1—
2,586,534
3,933,944
$4,422,597
$4,166,313
1,582,999
1,566,199
:
409,286
Federal taxes
276,226
80,137
64,386
'
258,375
u-Z---—
254,275
$835,201
804,486
$5,136,629
804,486
$4,453,312
$4,332,143
,
7^777^-—-
162, p. 2810.
$970,311
$5,257,798
income_.Z.
yS'v: BaiahcbZ
—^V.
$8,004,957
95,305
200,408
,
Dividend requirements on preferred stock
-
3,782,930
168,274
4,021,565
144,723
3,733,279
taxesZZZZZ!
(net)
income
Balance
1945
\
(& Subs.) —Earns.
3 Months Ended
Operating
March' 31-
1946
revenue -v:
1945
$1,256,806
expenses
.767,055
profit
$1,099,771
594,848
-
$489,751
investments,; less amortization
$504,923
169,741
52,608
$659,492
,
$557,531
&
de
Ltd.,
Finance, '
27.17.
/
:
,
company
and
Consolidated net
:
-
American Investment Co. of Illinois—Calls Stock—
The
for
"
Ltd., Brawley, Cathers & Co., La Corporation de
J. E. Laflamme, Ltd. and Bartlett, Cayley and Co.
p.
1946
$47,953,130 $49,079,340
9,885,444
11,439,417
18,738,282
17,150,113
2,041,275
1,925,152
2,750,969
2,583,930
—
—
State, local and miscellaneous
Federal income taxes
;
Lagueux & DesRochers Ltd., Oscar Dube & Cie Inc., Fraser,
Dingman & Co., R. A; Daly Co, Ltd., Matthews & Co., Anderson &
Fry & Co., W. C. Harris & Co. Ltd., Harrison & Co. Ltd., Burns
Prets
Subs.) —Earnings—
.
American Light & Traction Co.:
Dividend income from other investments
'
.'
Total, profit 7—Z«—
Prov. for Fed. income and excess profits taxes_
Earned
surplus, Jan.
V Total
has
called
for
:1
'
Dividends
4
Earned
June
of
the outstanding shares of 5% cumulative
convertible preferreed stock,
$50 par value, at par and dividends.
Payment will be made at the
St. Louis Union Trust Co., 323 North
Broadway, St. Louis, Mo.
r
on
28,
1946,' all
paid
.j-iTU-V
--n-
depreciation
$7,150,511
;
of
$25,447
in
1946
and
$40,857
$7,111-,459
in
1945.
;
,
redemption
7,148,928
$7,426,459
315,000
1
surplus, March 31
'Including
/.
280,000
$277,531
$7,465,511
315,000
surplus 41
;
2.35,500
$423,992
7,041,519
.^Z^^u.—
i ' Net(,profit
Co.,
Ltd.—V.
^
/Sf;General expenses
Inc.,
Bros.
31—
of
Boulet, Ltd., Clement, Guimont, Inc., Societe Generate
>
plant, which will be able to turn out wider aluminum
sheet
than any other rolling mill in the world,
according to Mr.
Jolly, will be located near the heart of the Quad-Cities district that
includes he environs of Davenport, la.,
Moline, East Moline and
Rock Island, Illinois.
Rail distance to Chicago is about 165 miles.
The
,
$447,648 *$1,252,377
13,391,981
10,106,544
231,101,708 157,487,378
__ir-
|
Sons, McTaggart, Hannaford, Birks & Gordon
Ltd., Midland Securities Ltd., Eastern Securities Co. Ltd., F. J. Brennan
& Co. Ltd., T. M. Bell & Co. Ltd., Mead & Co.
Ltd., Kerrigan, MacTier
& Co. Ltd., Societe de Placements,
Inc., Hamel, Fugere & Cie,
-
•
Richardson
520,000
miles..—
Income deductions
/
♦Operating
James
loss
operating companies!
Income from
statement
825,000
from
163, p. 2846.
income
Z7Z Gross
continue the increased new dividend payment.
a
•$2,077,377
taxes.t.'
resulting
flown
income
Gross
four months of
in
Member
credit
)f.Operating income—
/
said, "The sales and earnings for the
1946, based on the company's unaudited figures,
sales and earnings for the comparable period of
in
Jackson
Mr.
63,272,
$967,648
taxes
income
;7.:——
—
Subsidiary
Federal
__3031
past
company's plan to
first
of
66,420
passenger
Depreciation
Federal Reserve System__.w..__....___._3036
Capital Flotations for April
^.3003
on i
/
Statement
re-
..
Course of Bank Clearings
;
3035
Foreign Exchange Rates_2—^.^L_.^_L7i_3036 V
Federal Reserve Banks._l
3036
-,C777
7
amount
credit
/•'. State, local and misce.laneous Federal
/'
State income taxes
The
Quarterly Dividend—Sales and Earnings-
Increases
tax
250,497
income
for Federal
miles
1
...3029
Dividends
la.
362,635
$650,731 *$2,140,160
to
Maintenance
Redemption Calls & Sinking Fund Notiees.3036
Declared and Payable.
3036
,
7,900,219
691,057
'.7 Operation
General Corporation and Investment News.2989
State and City Bond Offerings and Sales.__3047
la the
872,001
12,158,242
„
representing
operating revenues
"Gas and electricity purchased
3029
by
volume
184,806
Total
■"
the corporation of the two Windmiller retail stores on Chicago's
northwest side.
This increased the Aldens retail chain to a total of
five stores.
The Windmiller stores have been doing an annual sales
1945
163,163
of transition
income
12 Months Ended March
3029
1
Miscellaneous Features
purchase
announced the
THE
$7,786,773
1,559,922
i
^ American Light & Traction Co. (&
__^_3028
Transactions New York Stock Exchange....3016
Transactions New- York Curb, Exchange....3016
Stock, and Bond Averages.
3016
f-'
Federal
before Federal
'Profit.—V.
I
Aldens
Robert
1946
,
deductions
Net''lOSS
Toronto Stock Exchange—Curb Section....3033
Over-the-Counter Markets........
3034
3,603,383;
874,805
FOR
3027
/
Stock
LOSS
1945
$10,613,374
'
848,182
573,857
expenses
operations
to
Revenue
;____3030
Toronto
7,327,438,
u
31,
therefrom-J.
Revenue
.3027 '
Montreal
: ?
-
;
,
AND
31, 1946, AND THE
MARCH
'
estimated
income tax
lor the period—
3026
...
Philadelphia Stock Exchange
Pittsburgh Stock Exchange..
$1,900,207 ? $1,882,433
820,118
1,012,247
:
192,251
201,432
income,
oper.
From
$1,848,050
$1,241,611
PROFIT
ENDED
equipment__„__._..__
Federal
.-3028
Los Angeles Stock Exchange
Curb
CONSOLIDATED BALANCE SHEET, MARCH 31,
:
ASSETS—Cash
States
in
Bonds,
Treasury
banks
cost,
at
Government,
and
on
hand,
$2,800,000;
$1,322,570;
$5,873,555;
accounts
miscellaneous
1946
United
receivable,
accounts
■.
ELECTRONICS
FLORIDA & NEW JERSEY
receivable
HAnover 2-2600
NEW YORK STOCKS, INC.
DIVERSIFIED
PROSPECTUS ON REQUEST
INCORPORATED
Members
New
York
Security
45 NASSAU STREET,
NEW YORK 4. N. Y.
Bell
v
Kobbe, Gearhart & Company
Established 1822
Telephone:
,
INVESTMENT FUND
DEPARTMENT
STREET
'
INDUSTRIALS
oAllen & Compan y
80 BROAD
-'7: v457
RAILS
Municipal Bonds
;
Dealers
Telephone
Teletype: NY 1-57$
,
Association
NEW YORK 5
Philadelphia Telephone
REctor 2-3600
Enterprise 6015
-
Bell Teletype
New York 1-576
HUGH W.
LONG
and COMPANY
INCORPORATED
48 WALL STREET
NEW YORK S
634 SO. SPRING ST.
LOS ANGELES
Z.Z
;
States
United
SPECIALIST IIS
MUNICIPAL
to
i' $12,198,578 $10,403,504
Provision
■
1943 V:
" 1944
1945
Stock
St. Louis Stock Exchange
Montreal Stock Exchange
railwayrailway—.
from
Gross
Gross
"
Loss
_3026
_
Detroit Stock Exchange
1946,
Alabama Great Southern RR.—Earnings—
April—
Stock' Exchange.^
Exchange
l
Cincinnati Stock Exchange^......
Cleveland Stock Exchange
7
1946,*
18,
will be able
1
Stock
Chicago
100 Broadway, New York, N. Y.—V. 161, p. 2325.
trustee,
York
Boston
■//;•
;
OF
ENDED MARCH
,
erty and
Other
Exchange (Stocks) __^___3005
Exchange (Bonds)
„3017
Exchange—
—3021
Baltimore Stock Exchange
7
3026
out of
unexpended moneys in the bond retirement and property improvement
fund, $50,000 of lirst mortgage bonds, 414% series due 1951, at looy*
and interest.
Payment will be made at the New York Trust Co.. suc¬
cessor
STATEMENTS
revenue—Passenger
suiting
Quotations
June
June 24, 1946, upon
stock.—V. 163, p. 646.
preferred
Total
New York Curb
for
;
said
Express and freight
Stock
New
on
Airlines, Inc. (& Sub,)—Earnings—
Other
Page
York
option of the holder
business
Mail
' Net loss
Portion of
'
stock
preference
for
THREE MONTHS
3 Months Ended March 31—
Operating
This
Stock and Bond
redemption on July 1, next, at 110 and dividends.
to be 8,357 shares outstanding on Dec. 31, 1945,
convertible into common stock until June 30, 1946.—V. 162,
are
There
certificates
THREE MONTHS
equivalent
New
Alabama Gas Co.—Partial Redemption—
r
the
peacetime
reported
1882.
p.
of
at the
of
%
In
;
shares
the
were
close
Prov. for obsolescence and depreciation of
prop-
1, 1946.
2845.
p.
have been called
which
the
stock.
Operating expenses.____...-r--.~*^-^_----
Agnew-Surpass Shoe Stores, Ltd.—Calls 7% Stock—
of
convertible,
CONSOLIDATED
X
the common shares resulting from the reorgani¬
opened at the commencement of business on May
were
—V.: 163,
Ail
is
to
,
preferred shares and
There
of
surrender
Co.
The plan of reorganization dated May 10, 1945, became effective on
April 15, 1946, and transfer books for the prior preferred shares, the
zation
stock
prior
common
is expected that holders of the 5 Ye
preferred stock
receive the redemption price therefore on or
after
bankers making the
offering Included: 5. » ;
^
Wood, Gundy & Co. Ltd., The Dominion Securities Corp.
Ltd., Royal
Corp. Ltd., Nesbitt, Thomson & Co., Ltd., L. G. Beaubien &
Co., Ltd., Greenshields & Co. Inc., W. C. Pitfield & Co.,
Ltd., McLeod,
Young, Weir & Co., Ltd., Rene-T. Leclerc Inc.,
Cochran, Murray & Co.,
Ltd., Collier, Norris & Quinlan Ltd., Bairdner & Co. Ltd., Bell, Guoinlock & Co. Ltd., Mills, Spence &
Co., Ltd., Savard, Hodgson & Co. Inc.,
transfer shareholders
of
this
time
of
any
shares of
3V4
It
"V
do not present
their existing certificates for exchange until definitive certificates are
for
necessary
share
thereof, at
into
It is not expected that definitive certificates for the new shares will
be ready before June
20, 1946.
The company suggests that except
when
MISCELLANEOUS
-
Each
as
months, Mr.
other
Montreal Trust Co., at 61 Yonge St., Toronto, or 511
d'Armes,
Montreal, Canada, of the certificates for the old
accompanied by letters of transmittal, forms of which may be
shares
to
Production
Securities
agent,
JPlace
scheduled
Civilian
by A. E, Ames &
Co., Ltd., on May. 16 offered in the Canadian market
$15,000,000 4% cumulative redeemable sinking fund pre¬
ferred shares^ ($25;par);at $26.25
per share and dividend.
•
Holders
is
the
Aluminum Co. of Canada, Ltd.—Preferred Shares Of¬
fered—A syndicate of bankers headed
Bank Farmers Trust Co.
New
by
plan will require about 18
INSURANCE
-
of
Canada
New
the
2717.
reorganization which became
they are entitled to $1,100 principal amount
bonds due 1965 for each $1,000 of old bonds.
of new
Montreal
gold
7
:
INDUSTRIAL
-
and
1
:.'
'
■
///i'':H
/
•
■
V";-v■ '
■ ■ ■
'•
THE COMMERCIAL & FINANCIAL CHRONICLE
claims,
inventory
$590,281;
investments
Odium
Mr.
that
Ry.
oper.
Ry.
Net
•
for
Provision
Other
charges-
Sundry
—
Estimated prov.
Provision
for Federal income taxes—.—
contingencies——
—_—
for
91,075,675
2,701,264.
15,356,934
894,447
145,680
578,155
2,064,580
673,194
13,669,913
4,021,462
Gross income
13,235,773
4,362.731
87,614
—,
other
59,101
•After
16,452,756
315,416;,
+3,753,345,
-
380,161
debt—
15,883
115,412
398,019
491,112
1,345,^/
l,o01,277
5,364,940
3,204,286
interest
debt
801,072-
2,085,8^9 f 12,95.0,674 :
t5,448,069.
Act
Railrpad Retirement
•
1,767,765
2288).—V.
8,700>207
NOTE—No
—
v
tax refunds which
provision for possible
v
result from
may
.
tax credit carrybacks or operating loss carrybacks have
included in income for 1948 period, since their effect cannot be
been
until the results for the full year are determined.
should continue, the amount of refund ap¬
accurately measured
the
event
that
plicable to the quarter is estimated at $230,000.
COMPARATIVE
CONSOLIDATED
MARCH
$611,393
Government securiti2s_.
accounts
Customer
Claims
less
receivables
—
Inventories
273,942
3,906,294
41,536
v
2,757,107
'
2,038,676
•2,509,725
2,626,941
343,463
:—
.
Land, blags!, mach.
equip.—less depr. res.—-
•
—:
——
323,561
—
__i—:
LIABILITIES—'
--ui—-
•
$130,000
$1,379,196
:i.
250,247
228,834
148,912
204,559
55,911
854,401
890,000
—
Accounts payable.
1,020,000
——
,
payrolls,
tAccrued
commissions,
etc.—
—
taxes
Long-term
notes
Reserve for
payable
8 125,000
contingencies—
Capital stock (221,062 shares no par)—:
Capital surplus -I—
——_
Earned,
2,182,892
3,778,615
"
758,734
2,416,065
758,734
——
surplus
*■
250,000
3,778,615
—
•
:
'% C,
i
——_
American: l^ater Wor^
$8,320,314 $10,890,405
-
under
the
1946,
of
output
1945—V.
163,
p.
totaled
kwh.,
kwh.
86,548,000
for
the
of
decrease
a
corresponding
2846.
v.-
.
,
April—
.
■
...
1945
1944
from
$489,647
Cost of
111,590
Net
from
Net
ry.
2,019
70,483
v
54,711
1,935,853
250,205
1,977,300
430,291
69,298
213,806
223,376
income—
2431.
p.
rkner<>f<r>'»
116,874
.'.rV
1,917,219
449,438^
1
:
.22,004
,
.
income
..
new
tal
and
on
-
/
'
COMPARATIVE; BALANCE
ASSETS—
held.
The
a
proposal to increase the
Cash in
proceeds are to be used for working capi¬
,
,
'
"
.
shares
mon
shares
of
to
the
stock
from
200,000
stockholders
100,000
then
shares
to
at
300,000
$5.
and
share.
a
the
The
used. tp. retire
were
outstanding.—V.
163.
2287
p.
sale
of
proceeds
4,100
the
shares
i
'
Total
the
Total
April—
Net
ry.
;
1946
Total
oper-
1945
1944
'*
■
$456,998
$409,686
130,743
">27,864
174,418
31,989
Taxes
Net. oper.
;
Accounts
199,275
-
f
Gross
for
from
railway
railway——,
Net ry. oper. income—
♦Deficit.—V.
163,
1,816,095
562,055
697,650
780,463
119,977
124,828
167,226
,
Atlantic Coast Line
Period End. Apr. 30—
Operating
revenues—
Operating
•
1,814,440
71,194
expenses
Net
oper.
•
RR;—Earnings—
revenues-
$1,445,031
$4,640,838
800,000
Equip,
and
rents
joint,
3,280,521
facil.
■
400,007y
—
oper.
•Revised
for
current
$5,432,091 $20,368,175
14,035,983
t;;i 3,400,000
596,570
1,425,355
$763,747
$606,736
*'
2,278,375-
.
Total:
———
liabilities—
J
."
1,548,119
1,341,092
2,558,477-
;
i—
1
1—
•
~
incomfe
"j:
$245,024
for
comparative-purposes to include results
Birmingham & Coast RR.—V. 163, p. 2847,
of
$4,053,817
operation
'
Atlas Corp.—To Sell Holdings of Bonwitt
Teller, Inc.
Stock—
.;
Floyd
Odium, President of Atlas Corp., on May 28 announced
Atlas Coip. has entered into a contract with a
group headed bv
Walter Hoving,
pursuant to which Mr. Hoying and his associates
have purchased 25,000 shares of the common stock of Bonwit
Teller
Inc.
'
*
■ •
'•
•.
B.
that
.
.
Hoving
the
and
his
balance
of
said Mr. Odium, expect to acquire
holdings in this stock, consisting of
associates,
Atlas'
'
1,318.453
26,572
81,179
:
2,677,822
.....
95,910
^
84,122
450,268
$276,168
$990,490
323,074
—
$2,444,409
449,233
$564,207
$906,368
122,329
340,659
$1,014,475
1,317,112
*$46,906
J' $649,831 (
/
$2,893,642
1,383.750
$1,509,892
•$302,637
163, p. 2432.
directors
May
on
27
authorized the call for redemption of 170
to meet sinking fund
cumulative preferred stock
5%%
the
of
time
any
such
prior
torth
stock;
but
June
on
shares
the
in
price
stock¬
of
business on
the close of
to
into
shares
set
business
of
redemption
the
of
of
common
right of conversion
this
1946.
25.
with
to
respect
25,
June
stock on the
the
resolutions authorizing
1946,
terms and
cumula¬
will cease at the
the shares called
redemption.
1946.—V, 163, p. 2288,
1,
6,203
•
:-
•'
,
,
V ;•' vV"/:v ; .»•"
m
,
<":■'
;-.v.
•
.
,
v-.-.v
'-.r
vV-V*.o*-:i~-•
(E. L.) Bruce Co.—Refinancing Plan
,
'
Approved-
approved a refinancing plan which
lowers
the average rate of dividends paid on the preferred stock
and increases the company's capitalization. '
The
10,056
shares of 7 %
cumulative preferred stock and 2,545
shares of 3%%
cumulative preferred stock will be redeemed at 11®
The
$6,241,844
'
1
1,153,002
The conversion rate at present is five shares of com¬
mon
stock for each share of preferred stock. • •
' :'
The stock is convertible and the conversion privilege expires Oct.
for
2,463,282*
$6,304,402.
.
$3,722,295
1,923,907
$6,536,594
874,499
334,205
$2,141,644
5'/
$153,839
etc.——
preferred
clcse
8,494
-
1946—4 Mos.—1945
$7,472,622 $25,430,569 $28,776,905
5,330,978
21,703,274
22,240,312
18,564
Income---
at
tive
100,000
1,548.119
1,341,092
100,000
—-
-
1022.
p.
int.,
conditions
•
6,703
—
contingencies——
.
$110 per share and unpaid
and accrued dividends to June 30,
1946, for the shares called for
redemption will be made on and after June 30,. 1946, at the New
York Trust Co., redemption agent, .100 Broadway.
:
Holders of shares of the stock which will be called for redemption
r"' " f6»304
ju.
,
7,444
—W—
—V. 163,
'
-
Capital stock
Capital surplus
.
Common
Mr.
balances
payroll allotment plan
bonds
included Union
quarter
Earnin^s-r-
296,980
—
income
Payment
103,257
•
stockholders
May.
on
27
respectively, and replaced by a new issue of 19,000 shares
stock, all of which is being purchased
Trust and Shell Provident Fund.
Of the proceeds
from the sale,
approximately $1,400,000 will be used to redeem the
7%
and 3V2% preferred stock and the balance will be added to the
capital of the company.
Substantially all of such additional capital will be used for addi¬
tional
plant facilities consisting of new buildings and machinery
for the chemical division
in Memphis, the installation of new boil¬
ers
at the Little Rock and Nashville plants, the erection of sawmill
facilities to supply lumber to the finishing plants, the installation of
new machines and labor saving eauimnent at various plant locations,
and the purchase of new cars and trucks for the operations of the
company.—V, 163, p. 1419.
and: 100,
;
Bessemer & Lake Erie
April—'
Gross from
Net
from
Net
ry.
'
•
oper.
1946
$436,406
1945
$1,702,198
*543,697
403,453
•••
' •
railway—
railway—
;
of
RR.—Earnings—
income—*463,989
*
•
1944 V v' 1943
$1,676,375
$1,041,517
391 990
*202.709
515,718
*126,796
470,646
' 4,427,752
4.380.845
''
From Jan. 1—
ry.
of Atlanta
shortly
Reserve
under
war
Earned'-Surplus.
1946—Month—*1945
1946—4 Mos—* 194a"
$11,813,622 $14,154,519 $45 840 853 $57 323 786
10,368,591
9.513,681
40,408-762
36,955,611
Taxes
Net
21,597
1,695,880
1718.
p.
employees
Miscellaneous
1,272,188
from
83,768
receivable—credit
withheld
Amounts
42,749
From Jan. 1—
Net
'
123,467
490,084
income
income
convert
profits taxes (net)
:
requirements on June 30, 1946.;; The call will be made from
holders of record as of the close of business on May 27, 1946.
$332; 104
85.929
237,059
withheld:—other.———
Vir-|
included!
Bridgeport Brass Co.—partial. Kedeniption-
may
and
Light,!
and
portfolio,
the
the
during
$959,467
—
oper.
ry.
The
160(125 "
711,936
163,582
1
—
to
.
1946—Month-~1945
revenue-
i
shares
48,750
:
$413,748
etc.—121,583
expenses, wages,
inc. and excess
accrued
portfolio
the
from
•Deficit.—V.
LIABILITIES—'T
—
Railroad.
5,254,191
Net
$6,241,844
—
added
$6,213,658
"
$6,304,402
———————
Accrued Fed.
1943
$438,478
income—
-
,
—————
Accrued
*'173,
railway.
Net from railway,
charges—
707,331,
168,118
X
.
W—1—
Accounts, payable—trade
' $316,273
\7,214
from
—.
&
General - Mills, Procter & Gamble andj
Preferred stock of American Power & Light|
revenues-—
Rentals,
-
—' 309,839
(less reserve)—
Power
■ ■■■■;
<
Atlanta & West Point RR.- -Earnings—
Gross
deferred
Goodwill
;
,
assets—
assets
sale;-:
preferred
of
other
Total, fixed
York
New
American,
Equip./rents (Dr)——
Joint, 'facil.
rents- (Dr)
1,416,164
-58,750
portion
Southwestern Bell Telephone
stocks
Common
of
Co.
Co.,
Power
Consumers
expenses—r_
Taxes
?
-•
represented- byI
represented!
assets
total and the
'
r'
$115,367
1,415,857,
-
owned—atowexr ©uk; topooj vvs)—t——«
(03 V»
;
additional
from
Inventories
of
Perior End. Apr. 30—
Other
"
SHEET
of
portion
the
of
Operating
v-'.
•.
,
Investment in and adyances to affiliated cos.;
No
underwriting has been entered into and in view of the success-1
offering in 1944, the management does not anticipate entering
into any underwriting arrangement. ' ■//>
•'
;•!
In July,
1944, the stockholders approved an increase in the com- v
-
the
30,
76%
Operating
banks, on hand and in transit——,
Merchandise
-
ful
•
acceptance]
a
Socony-Vacuum. Oil and Sperry Corp.—V. 162, p; 2812.
''"/i.V" '
v'v V'
^
rV-' Y'- -V/' k
Jjd'/;
5.608
214,200
$177,135
Gross
from
Net
2,239,208
from railway—*1,251,556
Net
ry.
railway—
oper.
income^—.
•Deficit.—V.
163,
p.
*463,366
428,638 "
*396,985
2432.
*442,479
3 981.3*4
,
' 257,884 "
Biltmore Hats, Ltd.—Stock
shares
(no par).
nancing,,/
Transfer
ronto,
Agent
Montreal
Sold—Mills, Spence & Co.,
sold in
class A
The issue does not represent new fi¬
Ar
and
and
*918,101
*437,229
V.-.-
Ltd. and Cochran, Murray & Co., Ltd., recently
the Canadian market at $21.50 per share 40,000
Registrar:
Winnipeg.
Toronto
•
/■■,
3%%'
by
Shell
Trusts
Corp.,
To-,
cumulative preferred
Pension
Bulova Watch
Co.—Increases Quarterly Dividend and
Declares Extra—
The
per
General
|
Pres-|
Pacnic is, 1j90 and common stocks of Ailied; Stores, Chase, National
Bank, Continental Oil, Crane Company, Dow Chemical, E. I. duPont
deNemours, Guaranty Trust Co.. National City Bank, J. J. Newberry,
Net
108,500
—!
.
July 16 will vote on
expansion.
bonds
Eliminations
$335,175
$285,656
21
O. Kelley Anderson,
trend toward wider
constituted. the» only other new. purchase:
Mar. 3f,'46 Dec. 31,'45
$349,421
.$678,770
authorized capital stock from 300,000 to
600,000 shares, no par value.!"
'£ U. S. Govt, securities at cost, plus accrued int.
2,094.716 ••."2,082,421
11
p"op->Sed to offer to present stockholders at $10 a share part
Accounts receivable
(net)—.
—
1,199,609
978,714
of the increased stock on a basis of one-half share' of'new stock for
Miscellaneous accounts receivable—
',
760
'»
" 1,382
each share
The stockholders
April
of
As
Uniom Pacific
;
/
-.1^
report|
this
ginian- Railway.
22,026
V
investment
the type of management services provided
Telephone & Telegraph,
Gross
holders Not Contemplated—
attention to
stocks stood at
of
each
Pacific
;
25,375
•
regulated
a
Revenue Code and the
of its taxable income during
•
377.037;
21,422
^
p.' \
profit
Corp.rr-Underwriting of Offering to Stock¬
of
percentages.
common
: $312,149
-
become
all
by bonds, preferred stocks and cash amounted to 24%.
I
New
additions
to the portfolio - during
the; three months ended!
April 30, 1946, included purchases of blocks of $100,000 face value!
i 3,588,948
.
380,750
.
>,
Other charges and deductions.—i.—.
Prov. for Fed." income and excess profits taxes-
287,633
10$,^
Net
Artloom
..
.
'*v''
Total
545,853
',
'(
,
nrofit
has
Internal
distribute
to
of 1946 some 11,600 shares were purchased by I
type, including such institutional investors as col-1
charities, hospitals, insurance companies, associations,!
lodges.
This total of 11,600 shares compares with a total of 14,880|
for the "entire yean 1945."
The report also notes that, in continuing the policy outlined in thel
last ahnual report, the patterns of diversification of the fund's invest-!
ments was maintained during the quarter at approximately the samel
1945
$4,300,556
2,809,019
income,
Other
,rj"
2,001.393
railway,.
oper.
163,
1946
$3,472,055.
,.
r-
;
"
—V.
' » '
and disocuntsl.-'
216,111
;
the
in
Boston &. Maine RR.—April
sales,, exclusive of depreciation—^
$22,378,607
leges, churches,
■
:
of
four months
investors
■
:■
assets
the
During
fund
the
as
intends
quarterly
the fund, calls
the first
appointed Assistant Secretary and Assist¬
to succeed H. H, Hall, who retirtd
y
net
.
& O. C. T.
2719.
p.
Selling, general; and. administrative expenses—
Depreciation
$562,872
137,302
V
railway—^
163.
Quarter Ended March 31—
Sales, less returns, allowances
1943
$529,676
48,198
Prom Jan. 1—
Gross
Hall. has. been
A.
total
1947.
report to shareholders,
Aluminum
1.—V.
30,1
hy investment companies.
"During recent months," he states, "more and more institutions andj
fiductiaries have invested in shares of the fund.
For example, during
j
Belding Heminway Co.—Earnings-
;
*
income
June
I
p.
ended Jan. 31,
ident of
ef¬
freight claims,
tax
defined
it
by professional investors of
Store Co.—See City Stores Co. below.—V. 163, p. 2574.
of
week
1946
railwayrailway——_
oper.
-
12,9%
$489,872
-
from
ry.
/
.
'%. ■
Bankers Securities Corp.—To; Sell Control of Richard
-
Net
i
,
with
compare
shares.
887,790
as
year
In his
1.
m
•
Net from
June
William
on
Co., Inc.—Output—
^
75 422,000
Ann Arbor RR.— •EarningsGross
-
,
figures
income
that
.the
•
„
ant'Treasurer of the B.
output of the electric properties of this company for the week
25,
C %
Vice-President. in charge of accounting and
Price,
•Including $202,052 t?x notes (.ess Federal tax liability of $115,048).
U.
S. Treasury tax notes,
$115,048—March 31, 1S46_ and-$1,€02,040—March 31, 1945,—V. 162, p. 2337..
,.v,
-./. ■
a/
May
&
Van Horn, Vice-President in charge of operation and mainteE. H. Burgess, Vice-President and General Counsel; Walter L.
W.
fective
Total --—!
Power
B.
the
Chicago
nance;
tLess
ended.
with
service
reports total net assets of. $24,346,957. on Apri}
30
on
company
states
retired at his own request after
O., and was succeeded by W. L.
Terminal region of the Baltimore & Ohio has been
Chicago, and W. C^ Baker,. General Superintendent of
at Baltimore, has been appointed its General Manager.
The region consists of the B. & O. C. T. and the B. & O. proper
west of Pine Junction, 111.
L. E. Thornton has been appointed Superintendent of the. B. &. O. C. T„ succeeding W. R. Galloway, Jr.,
who has been appointed Assistant General Superintendent of transpor¬
tation of the B. & Q., with headquarters in Baltimore.
Other officials of the B. & O., whose jurisdiction has been ex¬
tended over the Baltimore &
Ohio Chicago Terminal RR. Co., are
'
163,
;
three months the number!
of shareholders increased from 5,593 to a new high total of 5,916.
The statement of changes in net assets for the three months ended |
April 30, 1946, shows a net profit of $1,114,915 from sales of securlties computed on the basis of average cost.
There is no provision for I
Federal
,
transportation,
Notes payable,
Accrued
.
•
established at
$8,320,314 $10,890,406
——.
,
Voorhees.
Mr.
The
Total' i—;
•
Executive Representative of the
the Baltimore
Ohio Chicago
Terminal RR. Co., retired on May 31.
<
Roy B. White, President of the B;
O., was recently elected
President of the B.
& O. C. T., and G. Murray Campbell,
General
Freight Traffic Manager of the B. & O., was elected Vice-President
and Executive Representative of the B. & O. in Chicago, succeeding
■
'Other assets t
April
share
per
railroad
.
preferred- stock, (see offering in V.
2847.
.
The
B. Voorhees, Vice-President • and
at Chicago and: President of
H.
$736,280
1,197~213
——
of
years
163, p.
at the. close of the fund's fiscal year on Jan, 3L 1946, equal to $25.21
Myers, Assistant Comptroller,
McGuigan, who was Tax Accountant.
'24,507
reserve
arising under terminated war contracts-
Other
44
759,900
1,060,170
.
—
receivable,
31
,(1945
1946-
:
Cash:
U.. S.
W.
J.
Acquire Control
162, p. 2011.
equal to $26:20 per share on the 926,516 outstanding shares.
is, an increase of 29.3% from the net asset value of $20.31 per
.
BALANCE SHEET,
1
ASSETS—
-
.
.
.
;<•
losses
above.—V.
Corp.
share on April. 30 of last year, when total, net assets were $15,915,176
and there were 783,519 shares outstanding.-
J. Ekin, Vice-President in charge of accounting and freight
retired on May 31, after more than bi years of service .with
the B. & O. and affiliated companies, and was succeeded by Walter
L, Price;' who was Comptroller of the company. ' h
1 - *'
'
r •
John I. Barnes,
Assistant Comptroller in charge of disbursements
accounts, has been promoted to Comptroller and is succeeded by C. E.
Catt, now Auditor of disbursements.
>
/
•
John L. Taylor, who has been assistant to Auditor of disbursements,
suncceded Mr. Catt and his present position was filled by Homer H.
Strome, formerly Division Accountant at, Wheeling, W. Va.
;
profits
excess
In
$123,562
*$265,45?
all charges, including depletion,, depreciation, cost
leaseholds, and estimated Federal income taxes
and
Boston Fund, Inc.—Asset Value—
1946,
John
tlncluding $385,000 in 1945 for excess profits tax.
*Loss.
:
————L
income
J
1560,
The company
-
claims,
Net
1945
$256,746
21.833
The Guaranty Trust Co. of New York has been appointed co-registrar
1,820,519
1,680,480
Cr71,9l6
2,015„782
Act--—
Changes in Personnel Effective May 31
25,000
1940
$229,079
—
5,035
deducting
Atlas
This
1440,000
-
for, the: 3cumulative
7,243,236
tDeficiti
-
'•-
-
-
,
acct.
Tax acct. Railroad Unemployment Ins.
Federal income taxes——
■
.
,
Borg-Warner Corp.-—Co-registrar Appointed763,552
—
•Include:-
tax
,
—
163, p.
See
on
—„
Net. income
Excise
'
5,198,706
3,054,209
originally fssued in 1938
preferred stock called and
Bonwit Teller, Inc.—New Interests to
than
funded debt
on
|
.
40,000 shs,
40,000 shs.
debentures
dividend.
—
profit
of abandoned well
1,560,658
1,474,227;
accrued
and
Quarter Ended Match 31—
/.
14.892,098
t5.227,572
50,000 shs.
balance of $175,000
110
;•:
Bishop oa Co.—Earnings—
*
•Net
•::•[( 341,269
par)^——„
the redemption of 2,0(9 shares of 7%
at
Outstanding
*$100,000
:
50,000 shs.
,
32,986,806
6,456,234
700,740
the
(no
$175,000
"v
Listing of these class A shares on Toronto Stock Exchange has been
/granted; subject fqf filing of documents.—Vt-157^/pi 342,
125,422,921
92,436,115
93,776,939
5,630
-
stock
•Being
retired
$•
-
'
.
14,1,73
—
due May 31, 1957——
stock.♦(no par)^—
A
upon
.1946—4 Mos.—1945 %
434,140
funded
on
int.
funded
$608,365
9,563
Class
,
8,792,263
■
83,566
Income
income
Contingent
•
19,281
—;—x
(net)—
deductions
chgs.
Fxd.
6.7,914.
6,033-
notes payable-
on
rents
Total
$589,083
Total income —-——•—*'$249,857
Authorized
3 %. debs,
policies
*
—V.
.
interest
«
3,924,381
r
237,889
258,114
21,893
income
from: ry. op.
tl,820,602
accruals—1,527,856
Net ry. oper.
Other income—
int.
>$271,750
Net operating profit-
;
by Mr. Hoving
personnel or
'
,
32,392,478
23,600,215
21,122,755
rev.
tax
facil.
Jt.
2,810,572
.
,
19,302,153
revenues
Equipmenfcrents(net)-:'
$3,725,685
expenses.--;-———,
356,658
depreciation—r———46,594
and administrative
advised
been
management,
1946—Month—1945
expenses—...
oper.
*Ry.
..."
.—1,841,129
sales-,-—-——
of
Cost
has
he
in
1559.,
-$
American Seating Co.—Earnings—
Selling
163, p.
Baltimore & Obio RR.—Earnings-
Fxd.
1945
that
change
no
Period End. Apr. 30—
Misc.
1946
$1,972,633
be
Common
accrued liabilities, $1,038,399;
advances under agency arrangements, $738,466;
Federal income and;,
excess
profits' taxes, estimated, $931,228;
reserve for contingencies,.
$580,000; reserve for insurance, $1,150,000; reserve for vessel replace¬
ments
(excess
of complete
or partial
recoveries on ships lost or
requisitioned as to, title over depreciated, cost),- . $12,134,700; capital
stock:
(par $.10)
$4 200,000; earned surplus, $7,150,511; total, $27,923,304.—V. 162, p. 2385.
Quarter Ended March 31—
Gross sales, less returns and allowances,-——_
stated further
will
there
•
of Bonwit Teller.—V.
and
payable
letters- patent
these
in
LIABILITIES—Accounts
CAPITALIZATION—After giving effect to the. issue of supplementary
making changes in and increasing (he share capital
capitalization is as follows-: / ....'v•
'
If Mr. Hoving's group exercise their right to purchase
additional shares,
they will have acquired about 96% of the
outstanding stock of the company.
84,744 shares.
at cost,
supplies,
and
merchandise
of
stocks of other companies, at or below cost,
$2,990,189; deposit with U. S, Maritime Commission on proposal' for
purchase of snares of capital stouu or Amencan President Lines, Ltd.,
$250,000;
estimated refund of Federal taxes for prior years under
carry-back provisions of Internal Revenue Code, $26,128; mixed claims
awards
aggregating $2,442,122, : less reserve, $1;
assets allocated to
insurance fund,
$1,150,000; vessel replacement fund assets, deposited
in banks to the credit of U. S. Maritime Commission and AmericanHawaiian Steamship Co., joint account, $12,637,828;
cost less depre¬
ciation of vessel renu's t.'one* ss
fiHle to*- which, compensation is
owing by the United States Government, $2,834; capital assets (net),
$212,178;
unexpired
insurance
ana
o^ifch utneri'ed items, $45,039.;
total, $27,923,304.
$22,701;
Monday, June 3, 1946
directors
on
.
May
28
share on the common stock
dividend of 50 cents per
extra,
■hniHora
nf
rRr.nrd
June
17.
.
declared a quarterly dividend of 50 cents
(increased from 3IV2 cents), and an.
share,
1946.—V.
163.
payable on July
P.
1560.
1,
1946,
to
~7ir
Volume 163
umber 4495
THE COMMERCIAL & FINANCIAL" CHRONICLE
included
"Burlington-Rock Island RR.- -EarningsApril—
Gross
Net
1
*
'
1
from
railway^—-;
railways—I'— '*
from
1945'//
1946' *
$249,429
70,375
Net ry; oper., income—
57,921
116,830
71,439
22,793
864,204
\ ,:l
in
addition
to
shares.
new
remaining unexchanged preferred stock will be redeemed for
July 1, 1946 (see V. 163, p. 2721).—V. 163, p. 2848.
V--.
Co.—Earnings—
316,362
360,074
178,752
180,796
212,471
Operating
>_.J
expenses
Maintenance
,1
244,139
28,110
t.
236,920
-
Taxes
'
The
directors
May 23
on
declared
dividend of 28V»
initial
an
other
than
Federal
Prov.
income..
44,225
;.-.•
145,540
:
195,311
$200,971
Other
income;
Fed.
Total
income
Prov.
for-Fed.
inc.
1
42,757
taxes'
.
43,455
63.914
$618,619
29,059
Vf
172,567
income
Dividends
„__1
on
^-—21.1.-1.
$95,822
$110,986
$308,485
20,958
20,958
-V.
163, p.
shares—
,$74,864
;, $90,028
$222,653
2289.
Total
oper.
revenues^
'
$6,617,082 /
$1,358,432
1,255,712
$1,760,995
$7,285,934
1,147,031
4,591,506
4,087,660
$602,720
$613,964
$2,694,428
$2,529,422
1,032
rev. deducts.
Central Vermont
1946—12 Mos.—1945
2,427
14,992
Gross
Net
Net
oper. revenuesincome (net)_—_
Other
$603,752
Total
income
Prov.
for
deduotsw
Fed.
"
income
taxes
(inch
$2,709,420
$316,397
642,828
excess
;
tprofits
141,559
166,655
741,701
$322,964
$302,846
$1,399,517
•
■<
' ?
i.
*~V. .163, p. 2720.
Cateiiiillar
v
'Month of—.
Profit
"
has
Sales
423,393 1
-.-i—------" *
tax
been
computed-in
with
accordance
Revenue
Code,
which
the
provide
"carryback" provisions of
for a reduction of the
operations
combined: with
are
the
results
the
of
years.—V.
war;
s
;
/t:i#*AiX/-'/;,'
Gross income from oper. before depr.
Celling,
~^v.
163,
profit
oper
O'ther income'
bef.
deprec..
April—
'• •••'*: .'1945-7
Gross
$t077,418
Net
2,275,175
,
$7,569,233
k_
&
i—
$8,016,135
180,228
313,377
■
•Total
income
Interest
before
depreciation
Amort,
of
and
debt,
300,000 t
"
V
discount, premium
expense—--—
■•'v7
tV
-
-'
"
-Net income
before
eral taxes
>
from
JPpv. for Federal taxes
52,424
70,954
t.
"Net income
$6,295,808
2^65,477
$1,968,586
p: 1,579,448
$1.34
ceed
$5,431,086
$3,730,330
2,205,643
2,368,000
on income--
Common
shares
—J—
Darned per share—
'Including
.
operations
Feb.
merger,
J2,205,643
$L21
—
$0.81
of
former
Tubize Rayon
1946. -Including operations
8,
i,
Corp, from. Jan.
.
of
Corp,
former
3,462,500
date
from
Tubize
1946 (pro forma169, p. 2721,
from
Net
from
Net
ry.
'*
I
railway—
1946
oper.
From Jan.
Gross
from
■
371,210
-13,505,325
10,999,747
779,802
Net ry. oper. income—
47,670
-r-V. 163,
Net
..
that
the
divided
The
authorized
capital
60.000 shares of
300.000
into
corporation
12,750,418'
May
the
22
will require about 60 days to complete the
of
Issuance
the
the .present
©f
stock
new
the
on
stocks—V, 163,
p.
.
of
basis
it
that
i
i
<
i
~
railway...-.
729,948
ry. oper. income
from
840,860
Total operating revenues
Total operating revenue
from
railway
163, p.
—
been
will
\
Gross
income
for
r:
baggage.—
412,433
$19,735
"
_
: 2,930
2,642
Cash
$21,570
r'
taxes..
)
*.
to
surplus
."
$24,181
lean
.
$6,262
—
.
Feb.
a
CONSOLIDATED BALANCE SHEET, > MARCH 31, 1947
Investments
and
mpafiy
$570,000;
mortgage
contract
Vk%
bonds,
payable,. $9,000;
total
series
A,
due
Jan.
current
and
with
plies/ at
$168,891
reserves
<M.-
capital stock ($10 par), $800,000; capital surpl"" $1,440,643;.
teamed surplus, $420,097; total, $4,779,941.—V. 163, p. 1857.
X
Central Maine Power Co.—54.5%
It is announced that
of
colled
3 50%
for
54.5%
redemption
$140,750
36,461
.(•-
of Stock Exc^an^d
of all outstanding preferred Ftock w^ich
was
exchanged for shares of t>e
preferred stock before the May 20 deadline.
.
new
American
Chicago, Illinois, and two
1946, and' Is in 1 the amount
Si
bank"-,
is
interest
at
2%
per
annum
the
on
;o month
unpaid.-
»
*••
-.
principal
\
balance
;f
•:
SHEET, DEC. 31, 1945
cost,
$80,719;
prepayments,
$117,012;,
claims
;
—
1945
'dtstributioh-—3.596,935
3,616,874
1.437,221
•
1;
1,405,935
4,703,154
•—>»*.—
general
.
expenses———
3,885,219
—1_!
4,176,600
' 2,524,000
;
adjustments—.
from
1,952,000
for postwar
res.
adjust.
2,156.000
Cr470,000
(net)
of
premiums———
prop,
and
1,500,000
:
33,772
/v; 2,305
O'40,064
^
.
plant—
$6,262,288
—--—
197,944
$7,293,389
1,500,000
bond
to
/
$7,758,301
■
chgd.
$7,095,445
205,642
-•
33,772
2,024
Cr23,537
$5,781,130
2722v
p.
oper.
sales,
Iron Corp. (& Subs.) -^Earnings— l;
1946—3 MOS.—1.945 '4l
1946—9 Mos.—1945
$9,299,356 $14,838,884 $37,586,227 $43,290,663
' and
operat.
for
and
roy.,
dbtfl.
accounts
notes
8,402,881
—:i
and admin,
11,198,111
32,458,894
550,625
2,144,496
1,543,072
11,364,271
1,273,810
2,760,629
2,669,632
898,365
exp...
than
.
33,397,865
Fed.
444,802
—
431,626
.
.
.
Depl.,
deprec., and relining end rebuilding
furnaces, etc.
of
fe
Int.,
"operating
rents,
misc.
Net
facil.
emerg,
profit-
royalties
&
409,844
1,021,831
*$1,333,480
$1,432,829
*$1,551,907
$3,384,453
118,603
Br36,962
30,684
48,733
equip—.
Dr8,065
716
120,538
10,542
5—i
"$1,378,507
$1,464,229
"$1,382,636
$3,513,598
—
aband.
on
pit.
prop.,
886,267.
339,426
&
income
reali'':.
886,788.
,
2. TStal
fnoome
Ini.
5%
ow
$1:
of
$1,0883299,.. $L449,530;..franchises, and
total, $3,329,3-15.
"
reserves
gped/v./"
LIABILlTIES-^N-t(«to bank,' $460,000;" accounts "payable
accrued
liph'lf-t+*^:o^"7; hab^Hv for p-'r^^e n{ aircraft
U.
S.
Go' t.;
•
^rfS OOO;
traffic
balances
$5^4,295; accrued Federal ard State income
and
dery^its
Interest on b^nk
$151,414;
shares of
no
par
mtjge.
112,004
loans-
for
387,884
67,000
213,875
1,525
42"086
12,639
97,083
220,900
522,300
468,800
1,204,600
*$1,667,932
$787,839
*$2,077,950
$1,824,025
Other Interest
Federal
taxes
contingencies
Net income
-
"Loss—rY, 163, p. 2577.
'
payab'e,
Colorado & Wyoming
Net
'rom
Net
ry.
oper,
from
unearned
value, $1,599,125; stock purchase warrants for 42,000
Net
from
ry.
—V.
.
1944
1943
$132,470
$133.608
$1-19 945
43,727
40,246
65,956
82,054
20,906
26,064
332.6«3
540.993
82,657
181,090
216,536
275,404
75,332
88,460
147,697
93,166
$93,998
_
ineome
1—2/
36,656
.
-
22,900
'
-
-rii1way__ii
railway
oper.
163,
Ry.—Earnings
1945
/* 1946
railway—
railway
From Jan.
G^oss
*/
'
April—
Gross-from
Net
taxes,
inc.
■bonds w.-ii.-——
p.
income
pm
2433.
Financial Chronicle (Reg. tJ. S. Patent Office) William B, Dana Company, Publishers, 25 Park Place, New York 8. N. T., REctor 2-9570. Herbert D. Setbert. Editor and
Publisher;
William Dana Seihert, President; William D. Riggs. Business Manager^, Published twice a week {every Thursday (general news and advertising Issue) with a statistical" issue on
Monday {.
Other
offices: 135 8: La Salle-St., Chicago 3, HI. (Telephone: State 0613); 1 Drapers' Gardens. London, E. C., England, c/o Edwards & Smith.
Copvriglrt 1946 by William B. Dana Company. Reentered
as second-class matter February 25, 1942, at the post office at New Y6rk. N. Y.', under the Act of March 3,
1879.
Subscriptions in United States "and Possessions, $26.00 per year; in Dominion of
Canada, $27.50 per year; South and Central America, Spain, Mexico and Cuba, $29.50 per year;. Great.Britain, Continental Europe (except Spain),
Asia, Australia ancT'Africa, $31.00 per year*
NOTE: On account of the fluctuations la the rates of exchange, remittances for foreign subscriptions and advertisements must be made In New York funds.
The Commercial and
•
31—^ "?&
(net)
rev.
for
isg"e
This exchange
"1946
"$43,994,976 $46,940,901
'12,959,802
15,1.70,668
—
"depreciatiorrr^—J—v. 4,897,008
other
and
and
from
*
-
National. Bank'and
associated
prior years' Federal income taxes, $40,434; receivab'e from
purchase warrants, 342,000;
miscellaneous assets and
charges,- $14.08-5; -cperatng^ property and 'equipment (after
ixd-epreciafion
wi),
J-
t
Crl89,000
T^xes,
-
122,666
stoek
deferred
.
\!v>v'
$128,058
of
'average
of
sa)e -of
1234,673;
was
of
and
'
ASSETS—ca,".h, $322,528; U. S. Govt.; securities, at cost,' $368,821 ;•
^••receivables-'from';-' Air lines, customers, agencies, ete., $342,567; TL>' S.
Gc.vt.,- $38,127; qtficers and. employes, $13,491; materials and sup-
1,
-
76,110
constr.
&
Prov.
accrued
liabilities, $285,575; total deferred credits, $19,650; total
I
dur.
rents
$232,501
77,476
BALANCE
refund
LIABILITIES—First
1961,
201,632
15,
of
$2,000,000." It is
term.ot two-pears and is repayable in twenty equal instaDnefttf,
tcre".hcr
'
J/.XXri.
Store
exps., maint,; and rep.,
86,276
122,300.
'
&
and
Colorado Fuel j<&
$30,869
'
10T,033
%
the
the
net
1,472.001
3,141,450
4,148,260
2.906,000
1,04 a,oQO
Period End. Mar.
18,169
obtained 4rom
and
J.,561,501
interest
Sales
$2,274,541
^,243,673
2,755,192
,
1945,
■
C
dated
$229,096
$3,308
ASSETS—Capital assets, $4,166,878; miscellaneous stocks
total
$2,946,712
:
;
was
$528,688.
31,
71,027
Selling
res...
of
July
Corp.,
in
net/isales
reported
common
production
transf.
Balance
96,665
11,055
—
before
of
'is.-'
for .postwar
-V. -163,
301,823
-12,643
$4,848,822
4,562,478
;dividends^--—-r_'i^.
TrtV.
/for
6,619
$12,450
and bonds,
other assets, $337; total current end ac¬
crued assets, $584,080; total deferred debits, $28,646; total, $4,779,941.
\
s$337;
Int.
$1,864,999
50,233
period,
shares
'"
107,245
-
4,847
for
period
store
ended
year
Richard
The
ihterest ?on" funded ;debt—
.1943
231,808
169.396
25,413
$191,320
inc.
the
city.
Gross income
2,179,472
$2,545,016
277.238
$286,344
reftiaining./from month
Balance
;,1944
operations.-.-——•
j-' - This
$278,910
$22,378
6,352
$8,956
for
the
of
the
of
$7,552,659
wMzbm
Financing cf the. purchase and conversion cost of cfour DC-4 air¬
planes, .together with the cost- of spare parts and (round equipment
for' the "adaption program,
was
accomplished through, a
?ch"Ettel mortgage loan on the company's "fleet of 16
airpl^n-s.
12,851
inc.
district
•
Securities
basement
and
5,326,117
;
2,882,381
$4,376,775
V':;
^
by Bankers
mezzanine
Total non-operating 'reveiiues_l'—1L_L—'
income, inql..fees, and profits
Government contracts.^——.
Net
$2«" n'3
State
2,522,834;
•71,859,1381
5,279,336
$3,014,940
1,437,240
7,039,929
$241,813
1,818,487.
$18,639
————r——
&
Provision
1
u..—
O^her deductions-
$432,1-69
4"
deductions
Fed.
1,854,122
$4,600,000
power
income
12 Mos. '45
'
Prov.
5,913,659
1,724,486
building' with
xy,>'\
Credit for
it
'
Total' income
5,398,413
1,530,501
Co.—Proposed Acquisition—
their
Provision: for
prov.
Income; from
Other
oh
that
L—r—r.
Income,
:
necessary,
"bperating income
.Other
4,642,166
1945
: •
Proy. for Fed.; and Etlte lii'c. taxes
417,773;:,:
4,240,744
1,038,560
distribution
Cost
be
of
Amortization
Total operating revenue^-.^^
Operating expense?.——
necessary arrangement-, for
five shares for one share
$436,413
12,045", 600
pf /steam^-,——
Amort,
—
298,673
12,749,233
—
_
_
74,138,392
Other
Cdl*.Tn<s3 (& ^ubs.)r--rEarri3.
deductions
434,177
11,832,303
1,888,502
seven-story
r
Other
piiles flown..
Operating revenue:
'
Passenger and excess
^ Mail
:-,v Express ;v........
repre¬
now
anticipates
1946—3 Mos.—1945
275,309
9,188,344
Taxes, 'ether (han income taxes—
Federal normal and surtax-———^:
Federal excess profits tax
•
v
2722.
Revenue
" .'-c
f
7
2,314,048
"
'
railway—" '64,412,097
Cqlendar Years—
12,278,033
2002.
Period Ended" March 31—
\
,•'
"
H
4,248,312
/
Central Louisiana Electric
1,490,173
-
Commercial expenses
Chicago & Southern Air-Lines* Ine.-—Annual Report-
value of $20 each.
par.
$3,375,125
1,063,742
\
339,870
announced
Administrative and
18,899,829
3,208,407
has
$2,979,040
-
stockholders
Steam
the
10,139,758
1,761,356
announced
i
1943
$2,319,474
12 Months Ended March 31—
suc-
for
-Earns.
1944
532,108
Electric -transmission
of .Auditor
1945
of
Cost
9;838,753
4,Si0,233
which
1946
.
,
Total operating1 revenues.,
has
Netvry. ©per< Income—6,212,250
3,592,323
56,000,000
a
Electric
—V.
i,?8S,lT
'918,051
3,108,186
the par value of $100.00 each
shares -of
on
of
" .7
'
4
—
Clevejand Electric Illuminating Co, (& Sub.)—Earns.
28,552,171
; Central Investment Corp.—Votes Change, in Stocks
sented by
391,361
22,198,186
At
the adjourned; annual meeting held on
April 30, 1946, the
stockholders approved- an amendment to the Articles of Incorporation
to redUGe the pair value and increase the number of shares of stock
so
660,780
293,356
Hepler, Assistant Comptroller at - Richmond,- Va.,
Comptroller, with headquarters at Cleveland, to
'
appli¬
expense
3189.
p.
on
May 31 that, subject to clearance by
Exchange Commission, the company will afiqhire
capital stock of Richard Store Co., which operates a
more" than
1,491,074
562,868
duties
and
162,
.
2433.
p.
From Jan. 1^-
2432.
p.
*93,720
•«
1,565.949
425,000
'
discount
Co. will receive, in
exchange
stock, eight shares of common
City Stores Co. •■>;'v/;
' TT'.
The
acquisition has already been approved by the directors - of
Bankers Securities Corp.,
City Stores Co. and Richard Store Col; and
by: looal ,minority stockholders of'the fatter company.—V. 163, p.-„2576.
178,680
193,520
1,591
debt
during the year.—V.
railway.—.
the
for each,
106;656
.20,417.156
1.792,644
•
of
$388,911
136,182
72,725
-
40,223
-
1^194,282 : 1,463,923
income.—
M.-
from
Nat
*
:'
unamortized
department store in Miami; Fla.
Richard Store, now owned 95.22%
stock
7,215,619
385,884
railway.—L
fs
principal shopping
"
$3,317,390
$2,998,533
721,901
2,000,000
$2,191,764
of
The
;
>104^
1944
•
-
665,015
railway.——-
from
Net
1945
G
and
redeemed
directors
occupies
$0.13
$385,895
i
:
.
of '
","/
r
J.
"
Net
-$3,340,455
1,540,000
$2,936,934
Securities and
The
'
''
Rayon
'
197,445
327
Income.—
1—
;
'$2,735,706
1
railway.;
"
500,000
$998,963
100%
1943
84,783
:»18,771
i*555~602
$4,191:764
270,000
;
leading
'
"Chicago Milwaukee St. Paul & Pacific RR.—Earnings
''Ap'rU
*
*kt r 1
1940.
1 r - 1943'
1944
1
1943
G^OSS from railway^-f^. $14,854,446 $18,543,970 $17,052,927 $17,703,182
Ry,—Earnings-
>
Gross
$212,093
1944
V $352,618
railwayi-.^
elected
Gross
Central of Georgia
39,264
$0.45,
1945
-
Fred .Andrews, who assumes the
company'at Richmond,—V. 163, "p. 2849:
*
$3,434,014
—.——— ——..
interest
bonds
;i
from.'railway^^::
w.
■
268,200
$741,999
7,072
•
1,465,853
$1,504,799
-
163,. p. 2433.
the
10,000 '
$288,498
.
-
88,455
$4,476,934
'
*
—-
from
The
Chesapeake: & Ohio Ry.—New Ccfrhptrollerr—
been,
$5,802,114
railway
''Deficit.—V. 163,
for Fed-
prov,;
531,000
;-V:
opeiu income^—,
Oliver
income—.——
on
$1,498,963
City Stores
68,833
40,592
1946
Net ry, oper.
300,028
«>
f
33,687
•
"
from, railway..
.
Grosa
$6,938,305
1,136,235
300,000
52,424V
uit
:
-
„
'
■
•
'
•
1,681,280 M
1,594,923
I85T. ;
^
$5,747^366
There: have been d(awn by lot for redemption on
Aug. 1, 1946,
in the sinking fund, $41,000 of first mortgage 3%%
bonds,; series E due Feb. 1, .1969, at 111 and interest and $120,000
of first mortgage 2%%
bonds, series G due Aug. 1, 1S74, at 102V2-and
interest." Payment will be made at the office of J. P.
Morgan & Co.,
Incorporated,, sinking fund trustee, 23 Wall St., New York, N. Y.—V.
161, p. 2639.
1."■ :
Vi;
^ ::
40,297
Fr'dm Jan. 1—
$6,802,240
136,064
$7,749,461/$8,329,512
debentures-—----u;—
on
*
contingencies.^....
*
Nfet' from
Depreciation
for
$7,434,062
*1,491,274
profit before taxes for the
Net ry.
Net
•
^.
re..erve
p.
4
'
.
to
81,821
$638,687
Charlestoip & Western Carolina Ry.- -Earnings—^
.
$10,295,824 $10,915,754
2,726,590
2,899,618
and admin, expenses—
gen.
:
3,298
$556,866
Dr3,262
rBalaiice transferred to earned
surplus.;...
Earned ner-^cowwyn share-..
(Including Domestic Subsidiary Companies)
3 Months Ended March 21— •
•
1946—
■
3,580 "
$1,363,363
16,050
Canadian
Celanese Corporation of America—Earnings—
•
"
on
Approp.
$1,888,736
;
out. Qf. moneys
*
States
49,289
^Cincinnati tJnieu^^ Terminal Co;*^artial Redemptions
161,852
4,833,130--
$1,366,630
.united
1;967,897
.
Ffom Jan. I—
.
147,592
-
sinking- fund debentureSi^i-£^.-—x.
:Pr0Vv Iorvinc.;&hdexci profits taxes•
$5,658,911
14,302
-
389~773
__2
from
Gross
$5,561,147
Other deductions
163,
'
2849.
1945-
$7,959,685
6,441,882
-
Income?
interest
$7,384,772
6,628 V ,-;•
Net" from-; • railway..—
Net ry. oper. income
—V.
1946 "
.
exps.-.-
:>';;Tbtal;;ihcome^^—
when
3,107,310
335,104
railway
Net from railway'."
Net ry. oper. income
503,680
Other
62,050
$1,874,433
.$2,103,278
681.587
allowances).
sold,^selling, admin., etc.,
1,727,894
Cincinnati New Orleans & Texas Pacific Ry.-
320,838
madrinery-and--equip. >z__
Depletion (gypsum and gypeifce^deposits)™;
years' high taxes when current ..operations result in a loss
profit is abnormally low. These provisions recognize that
excess
profits taxes previously computed for the war years were in
effect preliminary estimates of the tax liability for the- war period
and the post-war
year of reconversion and. that final' determination
©f excess -profits taxes can, only be made as* the- results of 1946
.
615,572
226,160
_
.
freight, discounts* and
2,883.895
780,960
320,330
.$2,109,904
dividends
,
'April—4
Gro-s
2^808.752
2,921,313
269,728
*47,874
Dtepreciaticm (bldgs.,
earlier
p,
(:fess
Cost or goods
profit includes a recovery of a portion of the excess
provided in the year 1944.
The amount of this recovery
the. Internal
©r
2,753,185
above
profits
116,904
215,378
Certain-teed Products Corp.-—Earnings
3 Mor.ths Ended March 31—
—
The
$727,583
7,895
to
(Including Wholly Owned Subsidiary Companies)
Sales.-.iwi^—w-'$9,857,20i:'$12,486,893:
•
$669,563
108,817
2289.
p.
3^673,444
1943
650,262
,
$1,256,539
Tractor Co. (& Sub.)-4rEarnings—
•'."-•■■••■'-■v
'. Apr. '46
Mar.'46
.
1944
$639,163'
11,078
*98,271
from
•/Deficit.—V. 163,
;
inc"ome_
*Net
,,4585,'347
*44,838'
*146,266
income.—
railway—. * 2,515,006
Net from rairway..!
;
"13,560
Net ry. oper. income
*421,420
on
;; >'r}
railway——*
cable
1945
'From Jan; I—
Gross
$2,549,629
146,89fk ;•> 568,202
139,238:
irom
from railway^
21,430,528
2,846,252
—1—T___ .$1,774,799
income
duplicate
1946
Net ry: ©per.
20,2Q7
v
922,445
$38,721,989
"The special charge is
equivalent to a non-recurring tax credit re¬
sulting from the deauction from taxable net income of call
premiums,
Ry.—Earnings—
April—
...
1946—12 Mos.—1945
745,956
tax—
income
Preferred
*
Total oper.
taxes-
profits
Balance
com ;
v
83,832
preferred stock
Balance avail, for
23,. 1938,-
139,565
,
Net
Net
Subs.)—Earnings—.•/
1946—3 Mos.—1945
733,130
Special charge
2Irit. & 'other 'fxd.
"chgs.
'
;
<&
deductions
$183,501
.
May
5,306
,
(Mexican "Subsidiaries Not Consolidated)
■Period End. Mar. 31-
2,-22—2-
ineome
exc.
.Gross
at the Irving Trust Co.,:.trustee,: One Wail St;, New York, N. Y.
163, p. 2283.
:,■/.////
California Electric Power Co.
.
income
oper; revenue—
Other income ——t—1,,-
$613,312
915
,,
since
168,089
-
$182,586
1,522
$202,484
t There have been called for .redemption.on'July I,: next,
at '105 and
interest, through operations of the sinking fund, $298,000 of first
mortgage sinking fund go.d bonds, due April 1, 1960. Payment will be
made
-eral
Net
//l//;^.1'
;-vv
Bush Terminal Buildings Co.—Partial Redemption—
surplus
897.
p.
$10,489,145 $10,577,465 $36,757,853
5,816,886
5,947,717 •21,589,610
913,407
907,967
3,147,272
maint.4.
depreciation..
ether than Fed-
Taxes,
■
—V.
arid
for
48,030
43,596
■,
earned
163,
1946—3 -Mos.—1945
revenues
0"peration
30,839
49,354'
$42,000;
■Period End. Mar. 31Gross
Federal
:
——..
cents-
on
the 4 Va %
cumulative convertible prior preferred stock,
$25 par
value, payable July 1 to holders of record June. 14.—V. 163,. pv J-288. •
V
!;
929,967
Prov. ioj renewals replacements and
-retirements
,
„
.
stock,
$3,329,315.^—V.
.
$2,442,852
/• 105,067 •/
390,630
98,0o2
^
capital
total,
•
Cincinnati Gas & Electric Co. (& Subs.)—Earnings—
$647,040
355,012
of
$295,672;
12 Mos. *46
.
Purchased power
Bush Manufacturing Co.—Initial Dividend—,
"2991
shares
cash
4;
-'.H::Period End March 31—-./ X' 1846—3 Mos.—1945
Total oper. revenues'—4..,——.
$664,864
965,841.1
'
2432.
p.
cash
in
V:4;v
'V*
:-
amounts
Central Ohio Light & Power
-
73,678
'
•
-fV.-163;
on
$283,410
962,097
From Jan: 1—
'
V'"'
Gross from railway— '
1,039,801
Net from railway-" 299,793;
Net ry. oper.: income
100,159
1943
199,956
115,253
25,954
,
The
•
11944
$278,821
.
pre-determined
7^1
TiK
'***»,/Wnvfefel-'•' v:^v«';.»•.»'Of,•
5-1
'dT, ,i:
■:
4, ',4;
CONSOLIDATED
N. J.<-^
Columbia Aircraft Products, Inc.* Somerville,
Two-ior-One Split-Up
,v>.{ t*V*
.4'*;.' ,£<(»*
,
Cash
stockholders
BALANCE
SHEET
and ^accounts
Notes
cost—
at
———
receivable.
,
Federal income tax refund-----J—•
If- Columbus
1946' :
$143,904
from railway
/••/- 23,873;
ry. oper, income—
15,713
Crc.s
Nei
Net
from
T Prom Jan. .1—
Gross
Ne„
ry.
/.•■/>■'
railway
irom
income
oper.
De-icit.—V.
/
/
30,115 /
-
_
1944'
.
'
assets
Paid-in
Reserve for
^-V.
Period End. March 31—
-Toval
o ;er.
$1,176,511
637,428
620,456
1—
Ma.atenance
Prov.
,93,708
;
88,388
114,311
110,246
115,659 -/'. 66,216
96,811
1,200
•
1,050
77,587
V 75,661
.
for renew.
&
repl.
Federal income tax
Fed.
ex.
profits tax
;
State income taxes
Other
taxes
Net
i
•
r
taxes'
after
operating
audi
i-Bal.
avail, for int. etc.
Total deductions
'
Net income
Dividends
on
$128,217.
'
114,550
stock
cap.
$164,444
49,805
48,629
,
•
$794,074
197,886
$114,639
114,550
•
$675,804
214,875
;
-
-
———
1945*
:Operatihg profit
Non-oper, rev. and profit on sales Of securs.—
i-• -
•
? ;
*r.-
Profit
■'Capital
-
taxes
——
3,277,'
**!• "?i >*»,t
—«
sHjf i
>.
%■'. •-
?•
v,
"before write-offs—
expenditures '
•NOTE—In
the
pxeciaown.—V.
163, p.
figures
1562.
-
—
-
allowance
no
(
.-.v.'.
—V.
i t;
.
;
on
before
DrbOQ
-
—i'v"
93,039
;
taxes
on
u.
income——
——
143,704
23,142
38,687
94,197
110,091
110,000
:
108,313
149,728
■
Balance before dividends—$311,106
Preferred dividends declared
18,000
.
—
dividends and surplus—
$293,106
877,795
923,934
976,001
246,497
193,242
Cost
.
,
1946
rales and other oper. exps. (incl. deprec.)
1943
$230,300
80,346
/38,965
1944
$371,100
147,545
87,331
941,000 14 910,200
163, p. .2436.
1,283,900
437,267
181,585
195,216
*59,959
..
*5,737
.
.* '"
-
'
.
835,900
239,226
80,210
.
*
.
In erest
Other
income
_—
;
;—
-——^
58,986
19,312
———
;—_——
taxes on
$1,174,133
$778,096
reductions
Provision for
$710,524
——
of
sales—
1944
$163,269
69,725
70,780
21,181
15,428
1943
$127,950
67,808
18,475
$77,061
408
v'' $41,667
920
1—-
—
expenses
.
$40,901'
loss,——
or expense—
'
'
1,436 4
.
L-—
profit
Net
profit
$77,468
21,173
$42,587
22,508
20,031
1,174
20,031
20,031
$3,022
$36,264
$42,337;-4,
18,109
.
——————
4
$47
•
Minority
Net
interest
income
Common
—
43,503
868^533
953
*412
———
$413,527
$301,198
—,
507,006
482,275
——,
$0.83
$0,62
———
—
shares
19,473
57,082
outstanding
Earnings per share,.—
-
11,217,974
*350,695
1,784,276
2,696,245
954,407
1945
1944
2436.;
3.999,155 /
11,038,635
2,987,131
500,943
//
/ >/ v?
Net ry.
1946
1
railway,
income
oper.
"
.
1943
$9,662,516 $12,545,414 $12,859,236 $13,515,293
876,544
3,491,524
4,097,111
5,572,104
*160,661
1,378,770
1,337,788
2,038,839
railway——-
.From Jan. 1—"
Net ry. oper. income
•Deficit.—V.
'
39,330,528
4,805,242
47,286
49,218,778
12,307,687
53,516,837
17,424,729
5,705,638
4,980,242
50,117,658
19,611,315
6,808,027
163, p. 2725.
Eversharp, Inc.—Annual Report—
1
',
-
<
Gross
rales,
Feb. 29, 46 Feb. 28, *45 Feb. 29, '44
less
discounts, returns
'v; ■■
:
-
and
allowances ™—/
Cost Of goods sold™—™——
^
Not
.
$20,860,838
10,449,311
stated
..
;••■■ ■-/■,;
$8,947,056
4,509,993
Gross profit from operations—$12,593,003 $10,411,527
Selling, general and admi. expenses
6,805,370
4,959,665
Prov. for doubtful accounts—™—.
7,051
$4,437,063
2,856,411
17,744
/
from
operations——U
$5,787,633
152,138
———
Provision
for
contingencies..—.
surtaxes...
150,000
profits
'
.187,326
.........
taxes...,——
3,297,000
—_
Net income.
Preferred dividends
Common dividends
500,000
/
$1,805,444
69,528
*585,701
—
(cash)
•Includes special discounts allowed to
during the
'
.iii
$1,562,908
74,961
*/•
'-i-
$5,583,432
-i
$1,637,869
:'
'■•/-™—'/ -/
*1,986,284
188,600
2,399,400
'
/
;
$1,009,148
:
$465,844
69,523
.
69,528
*178,968
192,024
196,100
783,900
215,087
/
branches of the armed forces,
23, 1945, tin addition stock dividends of
$527,642) Were paid. *In addition 5% in stock
1945 and one additional share for each share held
year ended Feb.
(capitalized
at
paid April 16,
disbursed on May 19,
was
was
$5;444,8U
f>
133,621
-
$5,939,771
as.-—u—
Miscellaneous Income deductions...
and
...
1946. ;.;</;-/■
/•//-: v /..;/';
CONSOLIDATED BALANCE SHEET,
FEB. 28,
1946
on
hand
and
demand
deposits,
://•■■
'
••//'
'
.
'
$3,854,561;
gold
bullion, $105,064;
trade accounts, less trade allowances (after reserve
for credit losses of $83,579), $3,115,442; accounts receivable (sundry),
$374,061; advances to vendors, $126,600; due from wholly owned subsidiary (not consolidated), $1,363; Inventories, at cost or market,
whichever is lower, $4,150;065; prepaid insurance, taxes, etc., $73,418; 1
unamortized expenses, $62,043; due from employees for advances, etc.,
$5,838; capital stock of, wholly owned subsidiary companies (not con¬
solidated), $217,877; investment in Magazine Repeating' Razor Co. (at
cost),
$3,513,908;
other investments
(not; in
excess
of
realizable >
amounts, $4,433; claims for refund of Federal taxes on income, $50,006;
U. S. war savings bonds—purchased for employees, $12,338; miscellane¬
ous other assets, $714; land, buildings, machinery, etc. 4 after reserve
for depreciation of $1,173,099), $1,732,033; rights (C. A. Repeater Pen,
less-amortization), $278,320; patents, /trade-marks end goodwill, $1: '
total, $17,678,085.;
•/.«/■; .///■/;
r'/;/:-/-" ■''',/■•■//■ r/,./.,
.
DEC. 31, 1945
LIABILITIES—Accounts
$11,743; accounts receivable, $25,277; accrued in¬
$460; U. 8. Treasury notes and bonds, $76,200;
inventories of materials
and supplies, $11,866; plant property and
equipment and film library (after reserve for depreciation of $133,292), $112,287; commissions paid on sale of capital stock, $30,000;
development costs—"Dunning Animatic," 20,054; prepaid and deferred
charges, $1,219; intangibles, $178,517; total, $467,622.
:
■
LIABILITIES—Accounts
payable,
$9,553;
accrued
taxes, and
ex¬
$1,494; accrued Federal income taxes, $1,174; common stock
(outstanding, 600,000 shares of $1 par value), $600,000; paid-in surplus,
$6,749; deficit, $151,348; total, $467,622.—V. 161, p. 133.
penses,
Ebasco Services Inc.—Weekly
week
Input—
23, 1946 the System inputs of client
of Ebasco Services Incorporated, which are sub-;
Light Co., Electric Power & Light Corp.
/and National Power & Light Co.,. as compared with the corresponding
week during 1945 were as follows (in thousands of kilowatt-hpurs):
.
4
For
the
ended. May
sidiaries of American Power &
$1,233,119
287,222
income
-
7,524,692
688,999
;
139,654
;•
'
,r'
v
ASSETS—Cash
1945
*
ASSETS—Cash,
terest receivable,
1945
67,572
—-i—
1
from
-
operating companies
Tot^l
April—
Gross from
-
'
$131,808
.
'
BALANCE SHEET,
'
$7,411,918 ; $6,852,253
6,701,394
5,678,120
'•
•
Normal
30,860
*
Prov. for Federal income taxes—
for
w'
110,939
"
Total/income
*14,740
17,133
*29,456
Depreciation of plant equipment-Amortization of patent costs™—-
Continental Baking Co.—Partial Redemption-
'
'>v
Other income
.
quarterly dividend of 20, cents
1, 1946, to stockholders
•
157,020
Net operating profit or
of electricity
amounted to 166,200,000 kwh.,: compared
1C0,400,000 kwh. for the corresponding week of last year, an.
increase of 3.6%.—V. 163, p. 2850.
—
397,122
12,605,985
:
Erie RR ^-Earnings—
Dunningcolor Corp.—Annual Report-
with
Creameries of America, Inc.—Earnings—'
762,725
371,038
' '
1946
'1945
$184,300
$189,000
Years Ending Dec. 31—
sales
Net
3 Months Ended March 31—
Net sales
499,154
78,023
258,568
'I
»
Net
p. 463.
W?I°f8t Pr0fifc
O'her income
■ f,
1943'"-,
$2,781,037
876,077
from
*Deficit.—V. 163, p.
.
$2,637,325
276,587
66
railway—*
Net from railway™—.
Net ry: oper. income...
/'/
\ ■..
1944
-
$3,013,478
From Jan. 1—
Gross
1945
.
$1,982,167
(Including Wholly Owned Subsidiary Companies)
distribution
Cost of
1,634,920
,
oper. income—-
♦Deficit.—V.
The company on May-29 announced that System output of electricity
felectricity generated and purchased) for the week ended May 26,
1943, amounted to 173,400,000 kwh., compared with 161,100,000 kwh.,
for the corresponding week of
1945, an increase of 7.6%;
Local
<
/
1946
.
.
railway™*
Net from railway—1™
Net ry. oper. Income
12%
railway
railway--
Net from
Consolidated Edison Co. of New York, Inc.—Output—
;
'
$260,259
redemption on July 1, next, $173,000 of
temporary 20-year 3% debentures due July 1, 1965, at 102 and inter¬
est.
Payment will be made at the Guaranty Trust Co. of New York,
tnrtee, 140 Broadway, New York, N. Y.—V. 163, p. 1280.
*
from
Years Ended—
1943
$360,290
1944
$347,046
■
-
,
Net extraneous income
.
April—
Profit
General and administrative
called
163, p. 1026.
CONSOLIDATED INCOME STATEMENT
1,670,588
|
$11,987,479 $12,186,389
_
56,977
V
77,307
3,432,352
2,482,780
2,297,712
2,572,457
...
Elgin Joliet & Eastern Ry,- -Earnings—'
,
1,630,744
'
from
Net ry.
$278,259
18,000
capital
There have been
.
•'•,.•. J
;
,163, p. 2435.
Gross
$515,185
236,926
—y. 163,-
;■ :;-;v.1 A
*3,725
railway—
Net from railway™
Net ry. oper, income—
Dr599
$542,333
231,226
•
.
.
j'::•'
1,382,880
,
566,792
145,274
,
:
Gross from
•
$1,072,958
161,654
24,029
42,873
——
—
income—i.——
common
.■
••
170,635
'
-The directors have declared an Initial
.
$1,073,557
r;-
$1,084,021
charges^
———
Total interest and other charges—.
Balance for
^i$84,374^
168,667
58,366
April
1945
—■———$1,084,521
revenue—
Total gross earnings
Operating expenses
Balance
2,507,892
?
(par $10)
surplus—
Excess
;
'Federal taxes
f;*
1945
$362,648
46,958
;
income.—
From Jan. 1—
-
,
Duluth Winnipeg & Pacific Ry.—Earnings—
—
Maintenance
Depreciation
Taxes, other than Federal
■„;
per share on the common stock, payable July
of record June 14.—V. 163, p. 1861.'
:
(
Purchased power— U-
.•
499,685
68,647
143,508
192,000
2,308,000
250,000
68,267
107,862
——
3,413,330
—V4
$280,698
7,422
40,356 ;.'
71,903 %
8,637 :
37,500
30,506
^strict Theatres Corp.-7-Initial Dividend—
$61,699
238
•:;
stock.——;
liabilities
accrued
$434,398
income
on
...mi...
has been made for de-
Connecticut River Power Co.—Earnings—
A-'3 Months Ended Mar. 31—
1946
operating
pther income
•
From Jan. 1—
:
Gross
railway
Net ry. oper. income—
.
$716,118
—
payable—common
—
.
—
1946
$236,275
Gross from-railway--—
Net from railway—
$77,147 •
15,448
$51,737
5,421
from
Net ry. oper.
■•"'•'••;■•■■» i—
1
.•
,,f
———
above
t
—
;
railway
$55,063
,
$74,414
22,678
..
-:•• ■;;.
22,084
$71,137
—.
Net
$237,646
182,583
'
'<\•*.
/
5,464,901
$11,987,479 $12,186,389
Capital
87,035
—
:
Gross from
22,475
—
payable
Federal taxes
Earned surplus
Detroit & Toledo Shore Line RR.—Earnings—<
April—
1946.
Tons ore milled_^___;
29,210
Net income from ^metals produced.
$282,639
Developing and operating costs—,
211,602
provision for
,
916,001
1,092,762
135,955
2,000,000
5,313,523
172,000
2,137,000
250,000
42,553
$255,194
26,976
1
20,317
'.,5,866:
5,186
,,
•..*•'
•
.
Gross from railway.
Net from railway———
'...
1,081~076
151,712
1,687,000*
-
Sinking fund payment due Sept. 30, 1946—
bonds due Oct. 1, 1959_«
1945
$1,266,892
924,663 f
LIABILITIES—Accounts
v-v
1945
$1,647,072
——
:
—
Net
.
Total
*
:';.V.
—
'■'
;
$210,283
operating revenue .net————
income—
■"■
$486,406
———™'-
——
payable—trade, $326,870; accrued liabilities,
$281,559; portion of long term debt maturing within one year, $150,000;
notes payable—banks—unsecured, payable in quarterly installments of
$50,000 each, maturity Oct. 1, 1949,. $550,000; miscellaneous reserves,
$36,032; capital stock; (268,482 shares at stated value of $7.89 per
share), $2,118,329; capital surplus, $358,618; earned surplus $986,115;
total, $4,807,522.—V. 162, p. 2390.
'
.
^
;;
$890,680 ;
259,779
-
Notes
$243,564; inventories, $980,755; notes receivable—from officer (secured
by 4,500 shares of company's capital stock); $37,625; fixed assets
(net), $3,236,305; deferred charges, $10,716; total, $4,807,522.
Coniaurum Mines, Ltd.—Earnings—
•
hand—
Reserves for. possible future' inven. price decline
Other reserves '-/-..w-—i-——'
V4•;,:;4'-V:
'*
SHEET, MARCH 31, 1946
ASSETS—Cash in banks and on hand, $248,557; United States Treas¬
ury certificates of indebtedness (at cost), $50,000; accounts receivable,
1
Quarter fended March 31—
on
First mortgage 3%%
-
»
——-A-———
Jncoma
'i '■ :4.
1946
Treasury
Other
BALANCE
'■••
;
S.
Dividends
.
—v; 163, p. ^2850.^ '"V
.
■,' (Including Canadian 'Subsidiary)
Common stock
-1':.V;-.4.Av
■
$2,297,712
LIABILITIES—
-
:: $69,522
$630,900
' 412,381
$596,188
458,202
■■-■
banks and
Accounts
$1,036,389
.
.
68,647 ;
4
period-—$2,572,457
Total
?:
A-*
$658,916
135,158
$117,680
46,763
$176,847
,
—
25,448
taxes——--.——
$2,366,359
68,267
—
1,248,000
89,010
—
-
;"'4
231,000
Receivables—less
reserves——1,000,436
Inventories (except pulpwood)
i—4-.
1,086,434
Pulpwood and logging operations™^
1,879,590
2,815,399
442,000
$243,126
charges
I
8,321
Depletion ——-----h———4l;360
Depreciation
i.—, 61,162
Undeveloped leasehold rents
—
9,888
Surrendered leaseholds. & non-productive devel.
37,500
Provision for Federal and state income taxes—
15,373
,
•.•.
$142,092 r
34,755
U.
.
.
.
-v.■"•■A"
;
expenses
Miscellaneous income
•
.
1946—12 Mos.—1945
$5,088,232 $4,916,051
2,693,708
2,501,054
357,312 '
329,601
452,087 v
448,833
314,309 ,/ .261,866
290,435
407,067
•
4,239
3,005
<
317,222 "
288,817
1946—3-Mos.—1945
~
$1,181,986
revenues—
Operation
Cash in
Gross
; Total
$111,363
2,254,997
CONSOLIDATED BALANCE SHEET MARCH 31
Accrued
Other/ income':
•
stock
common
ASSETS—
less credit
,
Other
Community Public Service Co.—Earnings—
995,158
321,900
income.
on
.
Miscellaneous
$111,862 4
2,528,862
——
Plant, property and timberlands, less reserved-
1945
■
.
1946
Net sales.-. ——————————————————$1,405,085
Cost of sales
1,096,273
Selling, general & administrative expense^-—-i „
98,528
'
on
44•',•""
3,855,087
^1—$647,809
1861.
Operating
123,000
.i—i——4 i $2,640,724
Surplus''
Balance surplus at end of
482,275
—
State income
163, p.
23,135
—56,000
profit '
Dividend
$22,302,954, $17,519,456
tax—--—-—•
Quarter Ended March 31—
NOTE-r-For mechanical reasons it is not always
possible to arrange, companies in exact alphabetical
order.
However, they are always as near alphabetical
position as possible,
•
1-^.^
;
Derby Oil Co.—Earnings—
t.*e
;
1946
'
.y%
Q.AV':4-A4 ' 4 -fe'4.:^
weekly kilowatt hour output of electric energy of subsidiaries
corporation adjusted to show general business conditions of
territory served for the week ended May 23, 1946, amounted to 246,793,617 as compared with 254,416,317 for the corresponding week in
1945, a decrease of 7,622,700 or 3.00% .—V. 163, p. 2850.
■
-
.
'
Net earnings
.
$2,669,539
am
$257,497
profits tax
Balance surplus at beginning of period
■•
(& Subs.)—Earnings—*
profits tax,
excess
for postwar refund-
Corp.—Weekly Output— J
Ccmmonwealth & Southern
Federal
o ido
•
Funds reserved for construction purposes—
operating reventie-j-
for
•
/?; $175,394
—-a.——i44;''
7,532
Miscellaneous -assets r/
Reserve for Federal income
Res.
'
2,236,455
175,587
Prov. for Fed. inc. & exc.
$12,226,656 $10,496,057
Earnings before Fed. & Siate taxes
The
-
of
■'Net ^deductions-
3190.
Months Ended March 31—,.
Gross
•.''•.•'".=■
2,349,401
205,097
...
Selling, shipping & general expenses
300,147
1,957,285
160,000
8,899
4,847,321
—————
162, p.
:
w-.,—————
,/; Profit;1-from-operations'
1,114,806' ■'•: 851,002
-
——:
Curtis Publishing Co,
•4,3
™
*
——1.
surplus
Total
—V.
—
.
;
10,688
T—507,006
—1
Common stock
163, p. 2433.
163, p. 2850
.Cost of, sales
—
—
Earned 'surplus
1945 ''•'■
•
$1,231,648
1,649,714
293,881
Minority interest in subsidiary;
Commonwealth Edison group of companies,
exckuing sales to other electric utilities, for the week ended May
2o, 194t>, showed a 13.1%
decrease from the correspodning period
la'i.year. following are the kilowatthour output totals of the past
fpur, weeks and. percentage comparisons with last year:,.
Decrease
Week Ended—^A-/'/:/> : ■ /; 1946
1945
13.1
May S.5
'
,163,363,000
-188,020,000
21.8
•May 10—
1
1
153,963,000
196,999,000
38.6
May 11.
1
114,937,000
187,126,000
14.3
May
4
——/•-,-.. '165,240,000
192,728,000
—V,
—
liabilities
current
'
•';'J 3 Months. Ended'March 31-r/4;4';4 1946 4
Net- sales ——™————i._—
/$2?729,892
Total
$100,000
1,420,104
1,379,350
;
income
on
Long-term debt ———————2,393,500
Reserve for conthigencies___;
160,000
507,929
519,842
101,102
123,656
40,786 1 / 50,039
'■./.. Electricity .output of the
•'
$12,226,656: $10,496,057
i
payable and accrued liabilities
Federal and Other taxes
Other
v;;,v'
,/;;4/
.
Bank loan
Accounts
$127,788
• 24,548
9,332
Commonwealth Edison Co.—Weekly Output—
r
——575,000
568,180
——————————————————————————— •
LIABILITIES—
,
,
237,905
refund
T»
(Including Canadian subsidiary)
Net
'..■Total
■
589,538
119,175
55,441
•
rehabilitation
Other
1943
' ^
.
'/■•
i.
■
'/'
1945
cattle
Plant
r
$118,417 ^ ^22,329
2,864 •<
17,041
*2,469
5,544
560,360
83,736
1
railway..
irom
$?pt
'
i
——;
3,082,789
equipment depreciated^---—4,686,680
Dairy
& Greenville Ry.—Earnings—
;"
rialway—
April—
■
Inventories
Plant and
')
"
25,111
1,516,095
'
* —
2,252,172
3,519,963
211,820
'
575,000
975,936
640,239
44,255
.
1
•;/': Eastern Corp.—Earnings—1
1945
25,111
•
-
1
Monday, June 3,1946
$1,419,960
$1,359,092
notes—7,405
Treasury
Market securities
M.
j,j
CHRONICLE
1946
States
United
have
■//'//''■.'"/' ".*! ''''
1
■/'
'
hand and in banks——-—-———
on
'•.*'■
r, '*
J.i.f'" i! /
^
ASSETS—
Approved—
approved a split-up of the 135,000 shares of
: common
stock on a two-for-one basis, Edwin Alexander, President, anmounced.
--v//v-.o '••■'•'■/ /■/"/ ■'/'/,'i;1-' >i ' ;V
Mr. Alexander also reported that net earnings for the fiscal year
ended Nov. 30, 1945, amounted to $117,093, after all charges .and
•provisions for taxes, equal to 43 cents per share on the new capitaliza...t.on, Sales for the period amounted to $2,573,925.
These earnings and
.sales do not include those of Palmer Brothers Engines, Inc., of Cos
;Cob, Conn., manufacturers of diesel and gas marine engines, acquired
last year, he said.—V. 163, p. 1562. /
Tho
.
THE COMMERCIAL & FINANCIAL
2992:
v.
'*#(■*»*•»;• \',,r
' uU
'V'W
*»:,
.
—Increase-
Operating Subsidiaries of—
American Power & Light Co
Electric. Power & Light Corp.—
National
Power
•Decrease.
&
Light Co
*
1946
161,471
59,980
.102,915
accounts
pay- ,
accrued
4 V4t%
Federal
taxes
on
income,
$3,957,359;
cumulative
income debentures, due May 1, 1965
(Including
unamortized premium of $88,461), $3,930,461; appropriation for product
convertible
guarantee, $25,000; reserve for contingencies, $150,000; 5% cumulative
preferred stock (par value $20 per share), $1,390,560; common stock
(par $1 per share),
$395,468; paid-in; surplus, $3,597,129; earned/
surplus, $1,666,789; total, $17,678,085.
NOTES—(a) Eversharp (Canada), Ltd., ceased operations on "Jan.
31, 1946 and its net asset3 sold at book value to Eversharp Inter¬
national, Inc., a newly formed corporation.
(b) Eversharp International, Inc., incorporated under the Western
Hemisphere Trade Act on April 5, 1945 with an authorized capital
of
shares
10,000
1946.
South
of ho
par
value
commenced
operations on Feb. 1,
This company will distribute Eversharp products In Central
America
above,
*1.3
Eversharp
69,728
99,415
*9,748
3,500
*14.0
through
branches
now
Rico and Uruguay.
company purchased,
at
(Canada)/Ltd.
Puerto
Canada,
Pet.
*2,150
NOTE—The above figures do not include the
system inputs of any
companies not appearing in both periods—V. 163, p. 2851.
$1,130,819;
.
$214,663;
Amount
3.5
(trade),
(sundry): $118,833; due to employees for wages, commissions, etc.,
$815,509; accrued taxes (State, local, social security, withholding taxes,
etc.), $227,864; accrued interest, $57,630; dividends payable in cash,
1945
'
163,621
.
payable
able
this
being
established
As mentioned under
book value,. the net
in
and
Mexico,
Note
assets
(a)
of
.''(c) Colony Management, Inc. (a New Jersey corporation) was
acquired on Dec. 21, 1945 through the purchase of all of the out¬
stock (50,000 shares) of that company for a consideration
of $3,199,895.
At the date of acquisition, Colony Management, Inc.
owned the following assets: 62,948.51 shares of common stock, par
standing
.Volume 163
Number 4495
value $1 per share,
THE COMMERCIAL & FINANCIAL CHRONICLE
and 6123.8 shares of preferred stock,
without
par
level,
value, of Magazine Repeating Razor Co. and cash (less unpaid liability
of $49,052)
of $384,317.
Colony Management, Inc. was merged into
Eversharp, Inc. on March 8, 1946. In addition to the shares of stock
;
in
Magazine
(d)
last November.
Repeating Razor Co.
a
rights
to
value of $100 per share of this company (100 shares issued
outstanding) at a cost of. $8,633 ($9,500 -in < Canadian dollars)
par
all
Thees
of
(e) War Products Division, Eversharp, Inc.,
and
the
investment
of
$50,000
dissolved
off..' /•
production of
Haverhill Gas
electric
output of
amounted
to
Corp.—Weekly Output—
the corporation
for
the
week
ended
y:
Period—
3,533,134 kwh.j'or
p. 2853.
;•
Week End. May 14
1946
2853.
p.
■*'
-
Gross
1946
Net
Non-operating
-
$878,249 & $848,833
$39,500
1946
1945
1944
$662,496
$758,559
$866,661
94,909
156,317
326,541
...
*■'
revenue
/.
,
......
......
Net
Net
profit
'
'
♦FINANCIAL
POSITION
CURRENT ASSETS—^
Cash and accounts receivable
278,318
379,501
3,407,159
3,584,036
797,547
653,431
1,192,631
1,648,900
1,044,334
1,438,533
Victory bonds at cost
Metal
From
Mine and refinery
supplies
1,193,010
163,
$70,105
excluded
$94,216
of
as
31st
March,
of
as
1945.—V.
31st * March,
A
Vy
■
162,
3071.
p.
V/v'•
;■
"are'
■'
w
is
Quarter Ended March 31—
*
Tons of concentrates produced
*'
•
:
.
for
Federal
taxes
17,032
v-
vision for
and
but
$527,711
115,000
taxes
145,000
382,711
before
deducting -depletion, Federal taxes
adjustments.
tAfter depreciation and pro¬
year-end
Federal
income
on
but
before
depletion and year-end
adjustments.—V. 162, p. 2641.
«■<:>>
x-v
;
c:'-'-'-
..
'
y
./.V'' 7^.?^'v-
'
Net
..1.
sales
(&
8sml-ann. periods end.
Feb. 2,'46
Feb. 3,'45
x'
1
^
$
-
and
Prov.
for
Fed.
taxes
Annual periods end.
Feb. 2,'46
Feb. 3,'45
$
'
''"V' T/
t
<j>
plant
A
"In
stocks
addition,
The
of
Portion
net
14,663,246
13,771,830
Sanford,
tors
$5,634,811
45,359
91,428
$4,974,326
of
profit
Dividends
of
Net
parent—
pfd.
on
parent
$2,797,907
$2,664,860
273,304
206,366
479,680
Net
$4,280,514
shares
413,476
.
to
service
and
than
-
$2,524,603
the
hand
on
Frazer
This
car.
$2,458,494
$4,517,085
at
organization
four
delivered
Long
such
of
stock
$2.40
$2.43
of
moved
Run.
directors
directors
$5,454,946
3,991
59,862
29,892
$378,386
$4,122,866
1,022,137
$5,484,838
$3,100,729
389,588
$3,077,425
357,122
$2,711,141
$2,720,303
$408,873
$3.83
—V. 163, p. 2725.
in
times
as
April—' \
Gross
Net
'
from
Int.
•*
Beach,
Calif.,
in
to
acquire
another
■
Raymond
J.
Hodgson,
declared
the
bonds
the
offer
1945
866,701
of
in
subs..
has
End.
Ry.
Ry.
,
oper.
*50,943
18,241
railway../.
3,621,145
322,160
5,027,659
1,323,675
oper.
Sq., Inc.
$670,814
/ 1,374
been
;surplus.../_..^./r.~....//_....'_
results
for Robinson's
Women's
income...
26,403
from
Net
from
Net ry.
oper.
•Deficit.—V.
•
163,
p.
2437.
■
639,978
General Foods Corp.-
-Earnings—
Net
Ended
Months
of
from
L—:—60,913,221
other chgs. 1:11,529,518
—
& gen.
admin.
minority
62,421.805
and
exps.,
operations
9,804,585
$7,468,895 $10,135,275
308,311
185,256
Other income ./-/-I./-.--/,—-..————-
of
shares
1945
$79,911,634 $82,361,665
-
goods sold
Profit
1946
-
sales
Cost
Selling,
taxes
$693,848;
March 31—
Dr)_
Total income
Interest
$7,777,206 $10,320,531
—....
expense
Estimated
inc.
164,932
—
&
exc.
profs,
taxes...
120,709
'
2,968,000
Net profit
$4,644,274
•Earnings per common share_____--_—$0.83
6,414,000
/
•On
5,575,463
NOTE—The
visions
effect
raw
in
of
from
figures
>
\
have
been
1
,
reclassified
$0.68
:
to
•-
conform
to
"■
re¬
accounting practices effective in 1946.- The most important
these revisions is the elemination of casual transactions in
from
materials
These
sales.
shares.
1945
/
sales
changes
and
result
the
in
deduction
reducing
$86,669,614 to $82,361,665.—V.
163,
p.
of
sales
cash
for
discount
the
1945
from'
period
1027.
liability,
500;
New
earned
high
production peaks in two of its three principal lines
on
May 26
though
only
by this corporation.
half
Installation
of
$2,170,710;, total,
intevest
in
Women's
S.
$2.25
stock
Klein
accruals,
$800,000;
Apparelt,
the
on
cumulative
(par
$1,666,574
$2,664,275
Cr125,501
Crll5,652
3,383
4,073
deductions
.i../
a
were
conveyer
951,273.
i';
and
expenses
1,021,041
3,831,371
4,112,958
$2,155,439
$6,973,079
.
due
other
on
Net ry.
oper.
Gross
from
Net
from
86,783
79,616
f$52,803
367,066
205,296
81,656
704,710
384,902
$116,192
t$l, 124,579
$25,455
3,174
11,204
ry.
joint
and
stock,
$18,317;
Inc.,
.
$$256,213
income
*$252,952
deductions..—...
Total
fixed
3,261
4,034
3,163
33,812
$297,440
...
*$82,391
$42,600;.
deferred
trom
for
Prov.
defense
$2,487,-
1943
Net
ry.
oper.
income..
163,
p.
:
.
5,098,946
73,952
.
1946
//
been
from
Net
ry.
the
\
$71,512'
$8,990
2393.
p.
.
.
Estimated Federal taxes on income.....
7,085,019
/'''
-
1945
7,082,032
5,709,455 /'
1945
1944
-•
1943
Net
$3,516,328
$3,153,467
$3,588,636
1,448,085
1,092,075
1,607,764
♦89,363
427,258
422,077
497,727
♦Pursuant
645,623
12,783,569
12,252,307
4,537,653
4,056.963
5.559.875
income—
186,283
1,451,113
1,537,634
1,859,998
share.
March
the
2992.
1/ iv-. ;■/
shares
per
13,336,434
,700,806
new
\
m)-f
• r I
t.'5
to
'
" +
stn
31,
of
-.y'-
.
163,
:f:
1,
stock
corporation's
per
p.
to
1946,
are
shares
2855.
the
342.007
$1.15
$0.23
of
.
corporation's
each
without
common
common
1945,
aggregate number of
issue.—V.
stock
common
$331,126
April
common
Earnings
1946, and
719.600
$455 107
amortization
amendment
effective
the
new
and
$1,174 707
$1,862,535
—1,752,847
preferred dividends
share of
outstanding
two
railwayrailway...—_
after
income per
$^,052,535
1,190,000
...
incorporation,
then
income.../../.
income
NOTE—Depreciation
plant and equipment
•
271,484
,r...;v'
'
Income before Ffederal taxes on
$2 710,723
p.
162,
year—V.
16,156,510
income—
163,
140,000
'
'
(& Subs.)—Earnings—
'
/1946
52,071,760
1946
♦Deficit.—V.
for
19,299,063
railway-
oper.
carrv-.back
or
results
Industrial Rayon Corp.
♦Net
from
Net
taxes
final
61,490,824
From Jan. 1—
Gross
S7.807
.—....
.
j'
given to Federal Income and
refunds, as it is Impossible to
58,868,808
railway....—
oper.
$259,319
/
has
14,680,857
>
RR.—Earnings-
...
from
from
income
—
consideration
profits
Net income
ry.
1945
$46,391
.
37,401
Canadian
profit
anticipate
VZZr//•::''r,:
2726.
Gulf Mobile & Ohio
April—
/ $109,535
;
—
3 Months Ended March 31—
47,997,141
.
railway.—
♦Deficit.—V.
135,323
$1,294,473
facilities
NOTE—No
1944
13,633
$38,304
12,561
plants and amortization of
for. Federal and
and excess profit® taxes
excess
12,849
:
Corp.—Earnings—
operations
deprec. of
provisions
t
314,041
167,465
r
March 31—
3 Months Ended
Profit
$724,398
JDeficit.—V. 163, p. 2440.
Industrial Brownhoi&i
taxes,
5,293,278
•
$119,366 $$1,113,375
-
40,454
•
charges
♦Income.
$5,541,359
4,816,961
facil.
J.;
deficit
$5,240,475
<•
.
income..
railways-
,
Z
$277,464
from
Misc.
reacquired
preferred'Stock,
1945
"/s'.o.
1946—4 Mos.—1045
$35,666
expenses
rev;
Total
$11,270,505 $16,493,607 $17,124,734 $14,242,480
927,574
4,857,950 > 6,148,116
4,745,020
♦402,662
1,699,528
2,223,225
1,956,132
„
,i;//V
p. 2854.
op.
Net
Ry.—Earnings—
1946
railway/—
railway-^./—
•V.:i63,
RR.—Earnings—
Net ry. oper. income.
Other income
$544,450; capital surplus, $2,295,425;
total, $12,452,225.—V. 163, p. 2292. •' ^
:
from
from
—
$1,342,089
1,064,625
Net
Net
$5,405,104 $10,611,595
Cr508,826
Cr492,433
17,120
17,991
$1,754,813
$837,419
"''
Gross
-
970,104
$1,262,116
1,225,250
/ Net
common
Square,
convertible
703,880 ; '
1946—Month—1945
revenues..!.
oper.
Equip,
$12,452,225.
balance
Inc.
,•
513,182
income
oper.
223,677
Ry. • tax accruals.......
results
$1),
surplus, $1,967,923;
Great Northern
Gross
completed, has contributed to a 100% in¬
crease in production
of automatic record changers, while the rate of
production of radio variable condensers is up 20 % over any previous
system,
$18,241),
$769,985;
payable—bank,
$6,563;
Net
announced
of
Robinson's
common
Net
General Instrument Corp.—Sets New Records—
V;':;:
^
Period End. Apr. 30—
.
From Jan. 1—
$3,785,822
—
$7,849,790 $13,265,255 $30,313,523
4,672,333
7,066,271
18,731,824
1,781,557
-
Indiana Harbor, Belt
hand and in
(net),
note
April—
'
$3,671,808
facll."
-Net income
LIABILITIES—Note
payable .to bank, subject to agreement dated
May 3, 1945—installment maturing within one year, $200,000; accounts
payable—trade, $2,625,615; provision for Federal income and excess
profits
•
(Including Wholly Owned Subs, in United States and Canada)
3
amortization
/
v
1946—4 Mos.—41945
$347,384
2,142,823
1,095,444
-
company
1946—Month—♦ 1945
Fiyed:; charges—/i.—.
depreciation and amortization of $701,036), $1,159,749; deferred charges,
$580,591; other assets, $108,039; excess in consolidation (after reserve
for
Rights—
on
RR.—Earnings of System—
Apr. 30—
Joint
(net
ry.
Misc.
Apparel, Inc. and S. Klein
on
the Square, Inc. from Jan.* 1, 1946 to March
31, 1946 and
of Budget Service, Ltd. from Oct. 1, 1945 to March
31, 1946.
on
$34,056
$16,644,328 $21,808,742 $68,390,864 $35,509,548
expenses..,-/V: 12,972,520
13,958,952
55,125,609
55,196,025
Ry. oper.
♦Includes
$165,655
;
May 27, 1945, and tnat
to stockholders of record
The- rights will expire on June 12,
by the
share.
per
Other income./
Ry.
329,948
;^::214,159: /
From Jan. 1—
Gross
Co.—Ruling
made
at $22
>
$347,384
$669,439
>•
;
the
533,286
387,650
revenues
and
Net
-///„/
r
4,420,640
1943
$1,216,460
632,299
436,334
$9,551
533,440
380,200).
•
$347,384
:
1,882,715
931,882
217,009
Net ry. oper. income...
$1,194,582
$67,230
$826,880
adjustment income bonds.—V, 163, p. 243(9.
on
Net ry. from ry. oper.
Ry. tax accruals
891,289
4,931,771
$1,359,150
420,500
96,700
«
'
Net '.income:
on
38,301
$747,985
,'38,309
? Iu
$689,C55
Tnvest.
of
cost
exc.
$788,579
35,554
133,198
92,062
'/♦Restated to include Giilf & Ship Island RR
amort,
ASSETS—Cash
'a-
1944
18,269
railway
12,549
1
133,644
...
Illinois Central
V Period
'
C
573,002
2,400,877
.
163,'p.,;2854.{v.-*"1/
Equip,
i.; Z/36,570 V
-
in/
•
27, 1946,
1946.—V/
163. p. 2726.
Prov. for State franch. taxes based on income^
Provision for Federal taxes on income_i,^
/
$712,431'
$220,347
■*.
May
members.
-
$3,189,456
'
New York Stock
Exchange on May 28 ruled that the common
stock shall be ex-rights on May
29, 1946.
The holders of the common
stockholders of record May
27, 1946, had been given the right to sub¬
scribe for one new share for each seven shares
held.
The
Exchange has received
notice
that
registration
under
the
Securities Act of. 1933 became eftective on
regular
*1946
$207,798
$158,476
Hudson Motor Car
of
source
-five
-
.
The
/
quarterly dividend of 62Vz
cumulative preferred stock, payable July
the 5%
on
to
seven
163,
v'
V
$3,194,140
2,481,709
584,046
8,888
—
charges..
adjustment
on
Warren.
have
share
from
properties.—V.
1946—4 Mos.—1945
$791,844
a
>■
$149,588
•Exclusive of interest
■
L. Cotter, Vice-President and
Slick,. Secretary.
Retiring direc¬
Oswald L. Johnston, Charles W.
S.
of
use
-Earnings-
666,033
Deficit
...
John
were:
John
sales
Res. for
2,407,413
'
.
reduced
was
and
accelerated
$815,621
taxes.
income
come
addition
assured
and
-
re¬
banks, $2,498,455; U. S. Government
securities a* cost (exclusive of tax anticipation notes on
hand) (market
value March
31, 1946, $1,289,563), $1,241,740; installment accounts
receivable (net), $356,808; other accounts
receivable, $81,347; inventory
of
merchandise, $4,254,787; fixed assets—at cost (after reserve for
<1945
1946
•
railway
railway...—
from
80,208
1946—Month—1945
revenue/./
CONSOLIDATED BALANCE SHEET AS AT MARCH 31, 1946
Fort Worth & Denver City Ry♦*-~Eatnings—^
90,231
of
income
•Income
many
single year in
any
result
a
rents
'■
A
Non-oper/ Income./....
•
In
elected
and John D.
■;<: Balance 'to
1,009,962
$4.29
1,444,701
$4,063,004
was
are
$3,867,038
1,009,962 1,053,247
110,634
$374,395
as
exps.
Oper.
?■■■>■■■
com-
job of building it
than
more
it
as
Corp.
Applic. to min. int. in S. Klein
stk.
;
114,149
$403,239
5,634
and //
distributors
4,000
$14,233,383 $12,872,595
Cost of mdse. sold, selling and general exps.—_
12,934,755
11,595,612
::
v-
.....
partic, at end of period 1,053,247 Vs
Net profit per share of ;
common
603,347
$4,996,765
•/_/._
revenue
—
oper.
Oper,
stk.
appllc.
No. common
546,618
4,364,608
3,263,627
1,333,772
Period End. Apr. 30—
Gross
/rents
v
shrs. of parent/,'
company.
389,355/
,'
company.. '
profit
com.
more
6 Months Ended March 31-r—
applicable;.'.
8s common
Shares of
have
we
directors
per
456,794
Hudson & Manhattan RR.
90,465
stks.
com.
198,206
2158.'V /.//..V/
»
Grayson-Robinson Stores, Inc. (& Subs.)—Earnings—
308,472
to. pfd..
moving to distributors
.
10 to holders of record as of June 29.—V.
.
taxes..
duduct
profit,
subs.
Net
will begin
output," Mr. Frazer revealed.
Treasurer,
were:
cents
v
applicable to minority
interests in
of
automobiles
Willow
board
new
9,192,980
46,251
*250*000
and
$318,642
$298,178
applicable to pref. stocks for the period—
♦Deferred
p.
.
Two
$3,099,574
3,000
repr,
Income
Div.
fact, at this moment Kaiser-Frazer
negotiating to purchase a substantial portion
of a new steel company in the Middle West which is
being formed to
operate a plant with a large productive capacity.
This action would
give us first call on the steel produced by this mill."
-
8,143,226
subs...
sell
has
now
Run
nearer
Assistant
preferred
on
of
to
for
Graham-Paige
18,746,156
$3,152,630
329,384
Reporting on the steel situation, Mr." Frazer said, "We have gone a
long way toward solving the tight steel situation.
With the coopera¬
tion of Mr. Kaiser,
ingot steel is being shipped from his Fontana,
Calif., plant to Midwest mills for processing into automobile sheet.
20,298,057
I
body
Kaiser-Frazer
Willow
The
Dividends.
orders
the
of
the
to
12,292,554
on
Net profit
Net
2,449,645
1,219,671
230,577
-
Gross
company
.11,295,856
Income?..-^—...-.
1
879,529
:
Volume production of the
Rototiller, revolutionary new farm machine, is under way and. is being increased as vendors increase their
output of parts.
"The Rototiller, which plows, discs and harrows,
in a single operation, will shortly be manuiactured in the West Coast
and
—115,085,552 101,957,456 200,554,472 182,269,101
depreciation
2,272,277
942,294
278,514
128,846
income
income
"J
1946—12 Mos.—1945
$1,719,050 $20,507,147 $20,417,u52
551,543
7,151.860
7,163,630
117,351
1,606,223
1,641877
'
108,333
1,873,751
1,300,000
term
&
operating
/' Gross
'
166,280
energetic
organized
bona fide
steel
Subs.)—Earns.
* *
Profit after .all expenses
2,316,965
464,798
Earnings—
1946—Month—1945
...
other taxes
Net
begun//;:.
v
Federated Department Stores, Inc.
;v $6,446
$1,579,654
...
Other income—net
.
824
373,311
depreciation
income
on
1945
$488,311,
*
tNet income
•After
2,021,626
'
inc.
profits
Total
history," Mr. Frazer stated,"Dealers and distributors have
ported the total of 271,000 orders on hand for the Frazer car."
.18,554
.
876
"
income
on
73,213
its
?J*-:
1946
.
Tons of shipping product produced by lessees./
•Net income
288,308
61,411
pany, Mr.- Frazer said.-had no national dealer
size and sales potential until last fall when the
'■-"The
"V' ;a
Federai Mining & Smelting Co.—Earnings—
Provision
Fed.
V;
i
Frazer: automobile
1947
and
new
dealers
$7,807,796
-
1946,; but
519
$86,016
\ 63,882
'
2438.
p.
new
-
v---/
233,233
.
110,629
$8;589,363
Included
are:'
205,952
;
i
31,470
•
this month, thus establishing a record for
production of /;
a
plant which stood empty only six months ago, Joseph W. ;
Chairman and President, reported to the annual stockholders
meeting held last week.'
'
-
Net assets
.! 1 •Norwegian:' Items
1943
$630,722
Frazer,
318,867
177,125
$7,701
148,974
maint
in
cars
LIABILITIES-
398,087
558
$92,842
64
-
investments
for
dealers
and
—
Wages payable
Accounts payable
Taxes payable —i..
•
:
1944
$589,427
83,237
104,924
income...
oper.
The
CURRENT
1—
Earnings—
1945
Graham-Paige Motors Corp.—Expects to Deliver 1947
Frazer Cars to Distributors This Month—
655,938
;
48
73,710
Balance
1,000,000
'
35,000
$86,535
"
ltd.
for
All
$537,457
vv
$512,029
railway
railway....
from
ry.
—V.
3,000,000
35,000
$53,401
586,040
Prov.
from
Gross
,
2,364,114
715,176
...
2,916
$6,510
-
.....
of
electric
$5,482,560
-1.
.
I
.
8,781
2,916
—
Prov.
1946
Jan.
Net
1945
$121,535
\;.M
rev.—electric
Amort,
r
31
$3,155,391
$128,401
$7,749
Depreciation
2438.
p.
railway
Net from railway
Net ry. oper. income
$265,556
25,273
1946
>
inventories'..
Total
8,119
from
Net
.
...
$9,427
.
Period End. March 31—
Operation
128,141
April—'
$358,556
8,113
//:
AT' MARCH
AS
$114,817
13,563
$112,754
326
declared
Oper.
3,234,642
income—
oper.
163,
Gross
;v
i
;V
■.
,
$9,101
1,822
...
163, p. 2293.
425,363
62,736
Georgia Southern & Florida Ry.
10,108
♦$110,465
/•Loss."':
.
—V.
93,000
Capital expenditure, plant and equipment...
:
ry.
$348,447
♦$110,465
$8,843
;
(net)
;:r
charges
Maintenance
railway.
railway
/
from
Net
158,219
Provision for taxes
"117,288
Houston Lighting & Power Co.
.'
1943
$917,603
;
2,538,590
122,439
from
$506,667
Net profit
35,930
9,435
$10,666
revenues/.
income
Dividends
April—/ //U
from railway....
from railway—
Net ry. oper. income....
1945
*$125,695
f
15,230
,
„
29,211
114,321
2,302
9,083
income
excess
Operating profit
426,277
1945
;
Net
Gross
90,414
:
473,864
3,622
income
Interest
Jan. 1 to May 14'
1945
$40,975
revenues:
Gross
,*$35,281
.
$682,564
32.990
—
Balance
From Jan. 1—
operating profit or loss
Deferred development and depreciation
$741,900
;;: Georgia RR.—
.
Gross
-
$53,830
:
oper.
Non-oper.
—V.
:•
1946
....
—;—
Net
,
.....
„.,i
Falconbridge Nickel Mines Ltd.—Earnings—
Quarter Ended March 31—
12 Mos.—1945
62,945
41,394
revenues
Maintenance
Taxes
May 24, '
Georgia & Florida RR.-^-Operating Revenues—1
(f) Sanite Corp.y the investment which
w^s written off in the priorfiscal year, was dissolved on Dec. 26, 1945.—V.
163, p. 2851.
v
1946-
$
Operating
Operation
ft/-'1:'
116,308,355
1946—Month—1945
;
-
.
.
Light Co.—Earnings-
Period Ended April 30—
-
r;
!
■
.
kwh., a decrease of
3%, from the corresponding week of 1945.—V. 163,
Dec. 29,
on
daily
'■
General Public Utilities
The
Operating
—V. 163,
,
was
written
<.
.
•/v-
//
outstanding 3% debentures ($150,000 in Canadian dollars)
$136,312, a total investment in U. 8. dollars of $144,946. These
3%
debentures are dated Aug. 15,- 1945 and mature at the rate of
$30,000 annually to Aug. 15, 1950.
The company has been inactive
since the date of organization.
*; *
-•
.■
:
1945,
The
Mr.
'■$::]]
1946,
and
the
,
\
.
increases,
2292.
and
for
■
reported.
Blumenkrantz said, have been established in
spito of continued shortages in-both labor and materials.—V. 163, p.
Twoco
Corp., Ltd. was organized on Aug. 8, 1945 to purchase
manufacture and sell the C. A. Repeater Pen in the
Dominion*, of Canada, Newfoundland and Greenland.-- The Canadian
rights were purchased from Canadian interests for $150,000 (Canadian'
dollars).
Eversharp, Inc. acquired 95 shares of the common stock of
the
Blumenkrantz, President,
changers is.Already qearly,double that of ^pre-war rates. The
company's third line is the manufacture of'radio loudspeakers,' begun
acquired through the acquisition of
Colony Management, Inc., Eversharp, Inc. acquired for cash 19,129.
shares of common stock at a cost of
$669,515.
In the aggregate the
company's holdings of Magazine Repeating Razor Co. stock represent,
approximately 40% of the outstanding common stock and approximately 85 % of, the. outstanding preferred stock/, f,f-J
;
... ..
\;; ; /<;
„
A.
record
stock
on
of
value
par
shares
based
share
with
for
was
a
the
1,518,650
$943,630
certificate
the
of
corporation's
changed
par
into
value of
quarters
shares,
$1
ended
which
is
outstanding after giving effect to the
;
•:>/
y<\"/
:
THE COMMERCIAL & FINANCIAL CHRONICLE
2994
Total
*.
'
34,602,530
3,620,966
1,004,728
Depreciation
Depletion
discount and
debt
expense—__
2,420,167
-————.—-—284,510
-
-x-.-—$8,135,254.
■
Provision for taxes based on income:
1,
Federal
S.
U.
'
r/i
and- State taxes-—2,603,617
*
———I
Balance
;
Iowa Southern Utilities Co. of
Period End. April 30—
com-.
Gross
;
discharge
or
the amount of $1,500,000 for
in
company
shares-sold
the
-
foreign subsidiaries before interest
*
on;ob.igation held by International Paper Co. "—transferred to reserves————591,175
Earnings of
to
number
>
of
'
-
——————
* After deducting a non-operating
..
t$4,241,512
——
$2,110,243
pensated
Ogden.
and non'-recurring expense of $418,-
above
representing premium and unamortized discount on bonds
less reduction of Federal income taxes,
tlncludes net earnings
of foreign properties amounting "to
$l;021,997.
would
as
at
the
price
same
Net.
basis
shares
■
Cullen, Chairman, has announced that the board of director's at
meeting on May 27 had voted to proceed with the proposed
"Exchange Offer" to holders of cumulative convertible 5 % preferred
the newly
"Mrr'Cullen
-
said
in
substance;
"
000
shares
of
the
on'tKe basis of
of
for
share
one
stock
common
shares
present cumulative
for
each
exchange.
neVs"*July
that-time
new
of
5%
The exchange offer
than
more
for
100,000
exchange,
preferred
stock
be
can
offer
5%
will
busi-
preferred stock have
r
shares
400,000
ble
^5%
and
preferred
stock
closrbf business July
notice,
is
continue
than
more
100,000
have
been
shares
been
tendered
for
by
to
b
accepted
the
'"Ntf fractional shares
In
any
be
case
of new preferred stock or
Issued.
'
-
•
common
stock
common
(4)
(c)
above
under
the
non-negotiable
ing
the
be
debenture
-
and
shall
continue
of
institute
or
plan
such
with
the
the
the
'
of
provisions
133,107
161,220
$18,999
$395,785
$327,223
v
pf
' £
'
1943
7
;
$371,028
,
164,683
70,268
186,708
79^066
68,274;;.,
"
;
i,422,923
214,032
1,372,318
1,468,55*i'
737^66
1,217,975
439,614
.
■
v
$392,654
.
174,18.9
<
31,903
"
;
.
1944
$360,604
96,965
;
;
'
model
this
740,7^6
313,459
842,781;
396,333
319,362
*
j
.
J"'v£v, V-V
*;;V
automobile
Kaiser
with
corporation
>
'
^
^ ''r:!'•
steel
by Henry J.
27
and
for
new
sources
which
volume
Kaiser,
production
Chairman.
will
of
pro¬
cars
were
3
<'
are
his
automotive
program,
both the midwest
of
of
done without
been
has
.
*
■
.
T;
>r
Mr. Kaiser is reaching into the steel
and Pacific coast. An outline of his
depriving Pacific coast steel customers of any
capacity by producing extra ingots beyond
This program also uses the excess finish*
normal' Fontana
the
Fontana's finishing capacity.
.
ing capacity of midwest mills.
/
2.
Kaiser-Fraser Corp. has agreed to purchase a substantial inter¬
est in a new steel company which will take over the existing facilities
of a midwest steel plant with a. large productive capacity.
Details
of this transaction wilt be announced early in June—V. 163, p. 2008,
,
;
as
this
$303,557
•
;
1945
program'follows;
■ - * '
"
1
,
% Ingot steel from Mr. Kaiser's Fontanft; Calif., steel plant Is now
being shipped to midwest steel centers for processing into automobile
sheet for both Kaiser-Fraser Corp., and Graham-Paige Motors. This'
concern¬
(a)
1946
%•
Income—
oper.
new
,
In
(6).«
subsection
j.
*
13,229
■'
railway—railway—'
resources
$2,475,000 demand note and the $100
by Ogden and the relative rights of Ogden with
12,569 shares of Interstate's preferred stocks held
In, connection
.
'
10,127
drive Kaiser will follow at a later date."
)
.
by Ogden,
(d)
$1,045,780.1 $1,050(324
516,887
561,876
46,475
scheduling production in volume this summer. of a nevtf'
Specialautomobile, a conventionally engineered rear wheel
drive car which is on the assembly lines now and which has- been
thoroughly engineered and tested," Mr.. Kaiser said. "The front wheel
becomes effec¬
raised
$77,704
,
.
"We
!
para-.
proceedings
issues
480,000
-
$1,006,265 : C 1,004,971
39,515
'
45j347
'Kaiser
their propor-..
the escrow
paragraph
488,000
-
$74,366
3,337
\;>v
.
income.—
yeyealed on May
deposited in
amended
,'
1730,
163, p. 2441,
A
vide
qualifyv
to
pursuant
40,000 :
-
Kaiser-Frazer Corp.—Secures Steel for New Autos—/
;To Purchase Substantial Interest in J^ew Steel Concern
the
status
owned
to
of this
the
final disposition of
a
plan
evidencing
funds to be
(a)
subsection
Commission
rank
amenoed
certificates
practicable after
as
necessary for
the
reference
^
.'This Exchange Offer will be made for voluntary acceptance of 5%
preferred stockholders and will not supersede the existing right to
convert each share of 5%
preferred stock into 2'/a shares of common
stock-.- As a result, each holder of 5 % preferred stock will have the
choi.ce of three options:
(a) to tender his 5%
preferred stock for
to
pursuant
As soon
tive,
may
stock will"
•
receive
account
preferred stock tendered afer July 1, .1946,;
exchange chronologically as they are received.,
in
.
There shall be issued to holders of preferred stock Who
.
tionate contingent interests in the
>coptinued, shares of 5%
-will
Plan,
42,000.
$97,511
38,872
.
■
.
.
graph
converti¬
exchange
ry.
£•*'.' i
-
(a)
(b)
1, 1946, the company may, by giving appropriate
offer subject to later termination.
If the offer
the
5
■■■:
be
of cumulative
Net
—V..
•
no
.
from
Net from
l
<6.
592,436
.
3,260
iMMM
oper.
,
withdrawn
exchanges will be made,
If more than 400,000 shares of 5%
preferred stock have been tendered for exchange, an allocation of the
shares to be accepted will be made substantially pro rata.
If less than
and
automatically
.
Unless at
it.-
tne
whereby there shad be distributed in exchange for each- share or
.
accepted
will terminate at the close of
shares of
the
•
convertible 5%
$4 preferred stock and Vi share of
5%
preferred stock. Only 400,000
1946, unless the company elects to continue
1,
tendered
of
share
convertible
cumulative
unsold
ry.
Gross
Immediately following <the-sale of- the shares of mew'com¬
mon
stock pursuant to section
(3) above, there shall be deposited in
an escrow account cash equal to the aggregate, of the following:
<i)
the principal amount of the $100 deoenture owned by
Ogden;
(ii)
the principal amount of the $2,475,000 6% demand note
owned by Ogden;
(iii)
the proceeds pf sale of the shares of new common stock
referred to in (3) <b) above; and 1
<
(iv)
the cash proceeds of the fund, escrowed with respect to,
Interest received by Ogden on the 6% demand note since June
20,v:
1941, hereinabove referred to.
♦
•
"pre400,preferred stock,
stock
common
new
cancellation upon the effective'date of the -Amended
;
company will offer the- 400,000 shares of new senior $4
ferred stock and 100,000 shares of common stock in exchange for
satisfying
alter
shares of
623,856
^
$48,511
From Jan. 1—
,
authorized senior
preferred stock at $4 a share yearly.
—'•The
of the 3,000,000
entire balance
Net
'
'
r
548,400
49,574
2,500,151
Kansas Oklahoma & Gulf Ry.—Earnings—
net*
preferred stock 90%
of the number of new common shares dis¬
tributed in exchange for each share of $7 preferred stoclc. :
' „
1
5. • The present common stock of Interstate-will be surrendered for
their"
rate on
"
594,725
of fiew
such shares were com¬
bhares heid by others than
wivp A.ne ,pr-e±erred
parity
a
46,325
>
$94,250
>
income
p.
$5,385,683
2,672,836
$5,125,965
217,926
-
,36,475
•
earnings---;
—V. 163,
$6
R. J.
<
'
52,096
MMMM
requirements of section
(3)
above shall be distributed pro rata to the holders of' Interstate's pre-ferred stock other tnan Ogden.
Such distribution shall be made on a
r
;
1946—12 Mos—1945
$428,192
242,082
Income
prof. taxes,
Net opey.
•
share
per
ttie .3,D0j,000
shares tjf
I
remaining
Proposed Exchange Offer—-;
-stock; and had fixed. the dividend
on
The
4.
818. (net)
retired,
•and 4jXc»
$466,903
maint—•
Prov. for retirements^-J
obligations
construction
12,569 shares of Interstate's preferred stocks, if
Net-profit
......
&
Fed.
: Other taxes
of
new
exps.
and
April—
;v;
:
after satisfying the requirements of Sub--.;'
Gross from railway—L
be allocate to. Ogaen lor its holdings of ;
Net from railway—'—x
which remain
stock
(a)
section
above" provided,
as
such
Interstate,
common
Del.—Earnings—
1946—Month—1945
earnings
cper.
Oper.
State
Ogden,
(iv)
Payment and discharge at the pricipal amount thereof
of the $2,475,000 6% demand note owned by O^dea.
- ^
(b)
Tnere sha.l also De soia to tne suooessiUl uluaer or bidders for
'
-235;776
»
£$2,701,419
$4,241,512
—-
"
5,199,126
-1,290,124
and other foreign taxes (net)
Canadian
$8,196,321
<
to
Other income
——i-i.
v ii >
Payment and discharge at the principal amount thereof
Total net earnings—
(without premium) of, the $z6,035,500 principal, amount, of pres-'
Int. on funded debt—
ently outstanding first mortgage bunas.
(iii)
Payment and discharge &t tne principal amount thereof r . Amort, of debt disct. &
(without premium) of the $7,t00,000 principal'amount of presently . '
exp, & other deducts.
outstanding 6% .debentures,- including the. $100 uebenture held by
.
,
'
the
of
"VI.
Balance
stock \r;
common
pursuant
completed or in .progress prior to the effective date of the Amended
2,761,830
-233,930
——--—~———-———
——
sold
be
.
;
'■ 600,324
44,326
275,384.
14,770
——
-
Amortization of
new
,
will
bonds
mortgage
first
'bonds, for the following, purposes; - 1
v
(i)
Reimbursement -ui tne treasury
freight
Intemt
shares of
.
new
petiuve bidding.;. i...
i>:M '''■>«»
3.
(a) tiucn number of the 3,000,000 shares of new common stock,
will be s'otd pursuant to competitive bidding as may bj necessary to
raise lunds sufiicient, when added to tne principal amount of the new
and oeuvery expeiioeo———5,zuj,2ud /; %,^Os>,yo3Selling, general and administrative expenses-—
1,857,828
1,642,020Outward
The
2.
■
$60,707,243 $57,666,914
.,
pulpwood, labor, materials, etc.—
37,462,484
Cost of maintenance and repairs—4,122,661
Taxes
(other than income taxes) ——
927,913
of sales,
Cost
r
bonds and 3,000,000
mortgage
(pal* $3.50).
,-:T-A
1946
1945
••
sales, less returns, allow, and discts.— $59,491,499 $55,t/80,927
income (net)—-- " *1,215,743
1,685,,986-
Other
first
new
International Paper Co. (& Subs.)—Earnings—
3 Months Ended March 31—*
Cross
Monday, June 3, 194$
-
Keystone Custodian Funds, Inc.—Assets Rise—
v
Combined assets of the lo keystone Funds amounted to approxi¬
mately $180,000,000 on April 30, 1946, a. new high total which com*;
pares with $160,000,000 at
the close of 1945, it is disclosed by the
exchange cn the basis outlined above; or (b)
to convert each share
account, and that Ogden warrants and agrees that at the time of the' ; semi-annual reports of two of the funds made public on May 29.
of "his 5%* preferred stock into 2 Vs shares of common stock; or
^' determination
These are the Keystone medium-grade bond fund, series "B2," and the
'(c) to
of the questions referred to in. subsection (c) above,
continue to hold his 5%
preferred stock with the continuing right
the funds in such escrow account will be at least
appreciation common stock fund, series "S3," *
.
■
equal to the amount r,
to convert it into common stock, until redeemed.
Of the 5% preferred
Total net assets of the series "B2" fund amounted to $16,952,239
of cash originally deposited in such escrow account, plus a guaranteed,
stock now outstanding 200,000 shares (about
On April
25%) have been called'
30, 1946, equal to $28.06 per share on the 604,138 out¬
return thereon specified in the escrow agreement, from the date' of
formdemptipn July 5, 1946.
The management of the company has,
such
standing shares.
These figures compare with
total net assets;of*
deposit to the time of such final determination.
The escyow
furthermore, already announced a policy which contemplates ultimate
$14,273,704 at the close of the fund's fiscal year on Oct. 31, 1945;
Agreement will further provide that any excess above the sum of the
retirement of the entire issue."—V. 163, p. 2855.
amount originally deposited plus the guaranteed return thereon shall
amounting to $27.54 per share on the 518,255 shares then outstanding.
Si During the same six months, net asset value per share for the
be transferred to Ogden,
•
paragraph (6),
other
from
ry.
$963,780
$823,668
$3,878,475
362,501
-
1,448,598
348,125:
oper.
avail, for
Income
the
1946—4 Mos.—1945"
$3,109,079
1.269,350
fixed
charges
Net incomq.
—V. -163,
....
1,073,235
973,016
218,810
_
2440.
276,768
238,269
924,433
816,062
shall
16 "Weeks Ended—
Estimated
Federal
No.
net
described
income
and
profits
excess
taxes—
73,910
64,080
■; vt
1568.
-
273,278
67,503
$1.88
shares outstanding
preferred /share............
$2.93
*
.
■■>;; smmmmM
;
MM:
-Interstate Power Co.—Amended Plan Filed—
-interstate Power Co., a subsidiary of Ogden Corp., has filed with
the;SEC,
pursuant
Company
Act
Interstate.
to
Section
of. 1935,
The
amended
11
(e)
amended
an
plan
of
the
plan
provides,
Public
for
Utility
Holding
the
reorganization of
other things, in addi-
among
tionHoHhe
transactions proposed in the plan heretofore
filed, for the
reorganization of Interstate prior to determination of the
validity and
rank of Ogden's holdings in Interstate
and, pending such determina¬
tion, for the deposit pursuant to a proposed escrow agreement of funds
representing Ogden's claims in respect of such holdings.
Hearing on
the
amended
Interstate
Minnesota
of
plan
is
will
held
be
electric
an
before
and gas
and South Dakota.
It
the
SEC
utility company,
is
also
holding
a
.the-'putstanding securities of Interstate
sin,
electric
utility
Electric
an
Company,
Dubuque
Illinois.
The
Power
operating in
MMi
shows the presently outstanding
ownership by Ogden and by others:
their
all
Wiscon¬
•-
tabulation
and
Iowa,
company owning
Company of
operating* in Wisconsin, and East
electric utility company operating in
an
,
following
12.
company
-
of Interstate
June
on
securities
'Mi/-'MM.
Securtles
'
Owned
Outstanding
1st
due
6%
5%
mtge.
stocks
$7
1957
$26,035,000
2,475,000
stk.,
cum.
par)
pfd.
stk.,
the
to
until
not
tive date of
reorganized company
so exchanged.
If
are
to
cost
written
Net
.
a
—-.^1-,
debenture
and
are
entitled
_
to
receive the
same
treatment
an
order
orders approving
or
pursuant
to
Section
jurisdiction
possible
11
to
0-
^
•
787,585
:
CV78.557
-
'
/
£
Net profit
$97,189
$54,292
;
,-
ASS.ETSr-Cash, $1,609,033.; .accounts receivable, $468,601; recoverable
:
Federal
im¬
preciation),
assets,
taxes
$16,752;
income,; $119,730;
on
property, plant and
$840,540;
$5,233,196.
total,
intangibles,
inventories,
$1,293,429;
other
'
,
reserved right to with-
a
of
(e)
the Act
and
to
apply to
out
carry
the
court
a
terms
of
of
•:
?
'
v
-
i
,
**M
'V
,'/-r t*
to
;
April-
%
Net
from
reasons
it is not always
in exact alphabetical
always as near alphabetical
>
ry.
oper.
Fet ry. oper.
Vv'4 \ '''
'
^
■.
<
<t
income.
1944
■
r
1943-
.
$33,965
$234,898
$145,001
188,269
114,573
32,710
*136,009
.
$325,511
175,237
MM
Income...
*
;
:
98,416
15,997
367,086
252,409
/
169,791
..'486,332,
*296,071 'k
37,286
*372,776
;■ *81,142/ ;
*20,142
191,004
;>256,559
n50,933
♦Deficit.—V. 163,* p., 2441
'
-
4j
*118,066
railway....
railway
Gross from railway.xxu..-',
Net
from
railway
companies
are
-£
.
1945
1946
from
Gross
the
<
mechanical
arrange
v
Lake Superior & Ishpeming RR^Earnings—
Lehigh & New England RR.—Earnings>
Iowa Public Service
Co.—Earnings—
;:
April—
1946
.
1945
1944
1943
■
'
The
at
first
102.
mand
All
note
agreement
that date
with
interest
of
Interstate
dated
June
the
on
shall
the
the
on
be
notes
mortgage
been
1941,
note
Trust
held
demand
debentures
first
has
20,
demand
Manufacturers
funds
of
bonds and
mortgage
Co.
intact
shall
of
$734,593.
interest
the
on
Prior
to
demand
been
The
until
have
all
been
and any court having jurisdiction.
lunda (part of which are
invested
gregated
paid
currently redeemable
bonds, debentures and de¬
regularly.
interest
all
has
are
As
agreement
questions
other.
20;
$^,810,650,
No
1933.
or
700, or $80.52
The
1.
Dividend
$93.94
per
per
share,
such
been paid
on
the
at
the
on
share
on
and
parity
a
the preferred
March
31,
1946,
accrued
will
have
a
>
Operation
Provision
Taxes,
——:
—
for
other
385,298
$7
preferred stock,
$6 preferred stock.
capitalization
consisting
Federal income
and
excess
taxes_^_„__
793,983
876,633
and
$3 824
-
Net
earnings from operation3„.*—
Other
income
$1,593,851
(net)
;
oper.
from
^
36,774
-
$506,396
123,946
:
: /
$556,359
169,482
222,366
65,974 ;•;% 79,837
103,502
135,824
2,016,822
1,806,940
2,089,646
t 2,042,210
508,274
382,553
312,601
289.435
income—
-
railway-
:
Net from railway..—__
Net: ry. oper.
incomei,;^
2294.'
p.
$519,182
$481,205"
113,476
691,943
720,544
415,348
,'
450,817
f
$1,225,987
"
42,336
Lehigh Valley RR.—Earnings—
Gross
Total
income
»—rrn__3—--T.3-
$1,630,626
!—J.
'
782,398
$848,227
$656,767
334,902
$513,324
charges and other .deducts._„«_
income
$1,268,323
611,555
334,902
interest
$321,864
Net
from
$1.24
$0.78
Net
ry.
April—
Gross
Net
Net
Dividends
accrued
on
—v.
per
163,
—
3
preferred, stocks
—___—
share
p.
.on
2855.
412,000
common
shares—
;
?'-■ '•
M'M
./.194ft
,
from
from
Net ry.
railway—
railway..—_ ;
oper.
income
From Jan. 1—
Gross
Balance
$20,000,000
ry.
railwayrailway.,—;_ ;
From Jan. 1—
Gross
640,245
*
since
to
Net
'-..
732,998
688,543
profits taxes—;
from
V/ 163,
Earns,
of
327,347
depreciation.;..*.;.p—574,689
than
Federal income
Net
$7,231,452 f-$6,703,535:
3,195,086
2,900,323
—
Maintenance
from
Gross
1945.3;
1946
Operating revenues
with
stocks
amounted
plan provides for the following—
Interstate
' "
12 Months Ended April 30—
20,
arrears,
on
that
S. Government securities),
ag1941, Ogden received payments
aggregating $222,750.
note
share,
provides
in U.
June
dividends have
an
validity and rank
passed upon by the Commission
at March 31, 1946, such escrowed
are entitled to $100 per
involuntary
liquidation, and rank
Dec.
to
by Ogden since
by Ogen in escrow
of
T|}e Prefcrred stocks
dividends
in
each
Pursuant
received
deposited
f.
(after reserve* for de-.,
deferred charges, $73,951;
equipment
$811,154;
T'\\
it, subject to
enforce
However, they
position as possible. :
.......
<
—-,v
.
„
as,
draw the amended pian in the event of a substantial
change in market
conditions, the Board of Directors of Interstate will request the Com-
subsidiary of Ogden, and 156 shares owned by Atlas
•
.$884,775,
-
-
of
order.
_
<
product, conting. returned to income——
From Jan, 1—■
.
6,904
*$38,264 ^
Crl4,000
-
Net
shs.;.
$877,871-
*$46,611
8,346
—
Other income
by
horn.^Coal Co.,
profit
Operating
811,917
10l,995 :
'
expenses_i.««*,*^—
LIABILITIES—Trade -accounts
(incl.
estimated renegotiation re* )
that %
funds, salaries, wages, etc., $1,239,600; accrued royalties, taxes,.etc),
accorded to the other debentures and that the shares of the
preferred
stocks of Interstate held by
$27,296; Federal taxes on
Income—estimated,
$621,738;
reserve
for
Ogden rank
pari passu Mth all other v
reconversion cost**-and, war production contingencies, $104,739; com-;
shares of the preferred stocks of Interstate and are -entitled to receive
mon
stock
the same treatment as such other shares.
(par $1), $1,050,000;
capital surplus, $1,420,245; earned
The amended plan provides that
«
,
■
\
upon the entry by the Commission % surplus, $769,579-; total, $5,233,196—V. 163, p.- 2582, .
note
$38,039 shs.
Corp.
general
Selling, admln. and
163,392 shs.
175,000
v
".
1945
:
$3,590,01*2,594,813
ic 117«32*7
1946
$867,301
sales
Cost of goods JSOld-^-——.——
off.
The
states that Interstate Is advised that it Is the
position of Ogden that the demand note and debenture held by Ogden
rank equally with all other debentures of
Interstate, that said-Aemand
the
*
CONSOLIDATED BALANCE SHEET,: MARCH 31, 194$
As of the effective date of the amended plan, the .excess of the
Interstate of utility plant over original cost thereof will be
:y 8.
on
-
Kingston Products Corpi (& Subs.)—^Earnings—
the Amended Plan.
competent
9,461 shs.
.;.
175,000 shs.
«
3 Months Ended March 31—
-
amended.plan.—V. 162, p, 1641.
3,108 shs.
.
•'
'
-
exchanged, * all unexchanged preferred shares, and . all scrip
certificates outstanding will become void in five
years from the effec¬
$272,000 owned by Atlas Corp., the owner of approximate¬
of Ogden's outstanding common stock,
t Includes 2,340 shares
Atlas Corp.
$ Includes 250 shares owned by 'Utilities Elk-
owned
any right3 as shareholders of the
preferred shares or scrip certificates
said
so
NOTE-—For
47,500 shs.
par).
Total net assets on April 30, 1946,
$16.01 per share on
the 979,010 out- '
with the total net assets of $11,-
compares
403,441 on Oct. 31, 1945, amounting to" $1432 per; share
796,551 shares then outstanding.—V. 463,. p. 1866. ' •
^
* 'v'1
'
j *
*t
'
'
stock
common
11.8%.
to
This
:
.
equal
;
Operating profit -————
.Federal income tax——
cates
in such amount as to
represent in the aggregate one or more M
Frov; for possible renegotiation- and- Federal
full shares of stock, for certificates for such full shares.
The holders ;
Income and excess profits taxes (est.
w,,
of outstanding preferred shares and of said
scrip certificates will not
Portion of reserve for 4'econv. costs and war
be entitled
•Includes
ly 76%
the
and for the termination of the right to effect
transfers of
the
presently outstanding stock of Interstate.
In lieu
of fractional shares
scrip certificates will be issued representing rights '
to
such fractional
shares-(disregarding balances of less than 1/100
of
a
share) and exchangeable, when accompanied by other certifi¬
new
(no
—
(no
with
accordance
2,475,000
72,500 shs.
Com; stock
in
fund increased
$15,677,667,
standing shares.
were
(d)
record
a
-*7,499,900
$100
above
"S3"
series
plus
subsection
the holders of the
among
(no
par )
$6
-
(b)
in
the
escrow
account
escrow
described
the
of Interstate,
and thereafter Interstate shall have no
with respect to the escrow account, or the funds de-;
$26,035,000
:
7,500,000
-note
pfd.
cum.
Owned by Others
subsection
the
in
as
and/or
control
in
therein.
mission
..^'debentures
6%.^demand
by Ogden
bonds,
Ogden
and
The Board of Directors of Interstate shall be empowered to fix
date of its stockholders for the purposes of distribution *t»f
7.
jof; preferred
Earned per
—V. 163, p.
in
to
providing, among
direct
deposited
Upon
posited
Apr. 30f '46 Apr. 21, "45
$120,590
$197,891
■
profit—
deposited
thereon
return
to
funds
(c) above.
the deposits in the escrov
account: of all sums provided
lor in
subsection
(a) above, Interstate shall, be released and dis-;
charged of all liability to Ogden and to the holders of the pre-
(f)
responsibility
/ Interstate Bakeries Corp.—Earnings—
all
of
distributed
executed
entitled
be
of
final determination of the questions referred to in subsection
ferred
;
shall
originally
rate
be
certificates
,
Ogden
amount
guaranteed
above
•
255,694
p.
•
agreement will be
escrow
reinvestment
,
revenues..!..
Ry. -oper.
Net-rev.
1946—Month—1945
an
that
and
The
(e)
^-International Rys. of Central America—Earnings—.
Pefiod End. Apr. 30—
things,
investment
•
—v.
from
163,
p.
railway.
income...
2294.
730,395
218,240
I
1944
1945
$7,819,081
$8,539,932
2,294,590., 2,531,662
-
-,
1943
$7,947,271
1,196,087
815,339
3,092,149
1,350,866
28,384,818
5,174,345
1,191,450
32,601,127
9,194,724
3,230,759
29,144,022
10,322,978
4,641,479
•
railway
oper.
$5,205,312
.•
.
21,260,213
4,032,713
1,744,909
.■
.*.■•■•
,V
tVolume
163
Nuftiber 449S
THE COMMERCIAL & FINANCIAL
CHRONICLE
Link-Belt Co. (&
Subs.)—Earnings—'•
(Excluding Link-Belt
Ordnance
Months Ended March 31—
■
.1
Net
sales^ to customers, less discs. & allowances
Other
income, less sundry income deductions—
.
.
!
s
Mesta Machine Co.—Annual
Report—
/'
/
1945
"Calendar Years—
./■
•
1946 '
'
,
^
''
Co.);
3
■
-1945
■'
from
'Operating
profit
Other income_ii_———
—————— ■ $9,976,627- $17,677,777
of
sales, inclu. sell,. & 'admin, exps, and
discounts received —
——————— 10,045,385 14,395,811
Prov. for dep'rec. &
amortiz;. of property, plant " >
/And equipment ———_i
150,306'
Total
■
„
exc.:
Fed.
&
Dominion
profits taxes
'■
r,v'.
:'y':;/'>" \
of
Canada
& contract
1
■
•
inc.
65
"
settlements—
lt'/""»;
\'".K
JU
'$413,564
Estimated recovery of
prior years' income and
excess "profits taxes
resulting from carry-back
0)?er, loss
Net
unused
exc.
-
profits credit--.
shares
of
common
stock
share common istock'
--^_—;
/"///(Excluding
Cash
BALANCE
Link-Belt
Ordinance
Government securities
Other marketable
securities ..i———
Accounts •receivabl€H-tr'ade
(net)
plant and equipment-
Other
assets
and
—
deferred charges—
,
—
accounts
465,000
$4,383)5
_/
Ll ABILITIES—
—-
profs, taxes & contract settlements
(net)
Res. for.inventory
price declines & other contin.
Res. for unrealized loss
arising from fluctuation
.
e*change rate3
6V2% preferred etock (par
$100)i
Common Stock
"154,486
Com.
surplus—13,046,491
stk.
reacquired and held
/
Total
,
—V.
treasury stk.
as
/
v
■
Drill,363
-■
■■
.
163,
Gross
from
Net
ry.
Louisiana
1946—Month—1945
operr
revenuesUi-
oper.
expenses---
^$1,109,397
769.954
Net rev. from ry.
op.
Federal income taxes—
Other ry. tax accruals—
;
•Net
;$7,113,22f7.
-
$1,331,516
372,000
175,000
and
Co.
78,721
269,254
316.390
6,354
.
$279,216
67,158
11,264
?
$887,262
.
;
28,071
/
$144,827
$200,794
$619,884
$6,263,484
$4,300,228,
$3,403,421
during
:$137,232 /:
31,281
16,403
557,820
199,786
85,061
amount
charged
approximately $2,800,000 by re¬
$3,161,096, of which $2,596,203 is
of
for
in
direct
Our
net
The
i
income—
Calen^ai:
over
of
Co.
was
(Ky.)—Weekly Output-^-
1945
December,
from
The
■> /.
the sale of
together with
Prov.
cash
for
Net
——11—
Federal
income
July 1
on
profit
Oct.
1,
1975,
accounts
of
amount
carrying
receivable,
amortized
ized
V.
the
all
BALANCE
and
-
*
-
>
preferred
stock,
whether
|S|5111.
interest
an
r
no
'lTr
'
capital
(customers'
-
-
-
.
:■
,
.
•Cost
purchases
.
,
Vv/;;////;
("per contra),-—
of
profit
other income-—-
stock
1943
.
*
S.
Govt,
securities—other
(less
tax
refund
for
and
Interest
$2,642,908
331,362
135,463
$3,204,570
chatges^
$2,317,918
120,702
$2,778,371
$2,554,200
Other
.
reveivable—^U.
cancellation
to
as
common
and
company
dividends),
its
Dec.
90,259
taxes— " $2,'928.555
Frofl't'/before
profits
$2,631,989
1,460,000
$2,348,360
Fed.
.
✓
and
1,230,000
290,000
370,000
tax. and
'
dividends
Common/ dividends
"
JEarns. per comi share
/ •Including/costs
102,664 /
•
390,000
.
ASSETS—Cash
accounts,
$881,989
163,272
163,272
,//
257,483
167,072
104,420
.
$1.66
$1.72
$1.40
hand
and demand
termination
claims
V $748,360
.
$770,423
"
163 272
!
r.
ether
notes
and
land, buildings, machinery, etc. (after reserves
$6,712,570), $4,471,797; prepaid insurance taxes
charges, $255,097; total. $14,337,892.
/
of
$1,45
$1,846,626;
the
LIABILITIES—Accounts
accrued
taxes
salaries,
(other
937,846
than
payable
wages
taxes
(trade),
and
$769,656;
other
in
accrued
compensation,
.T
;
/
,
Net
357,982
_
"
1,893,383
Gross
Net
$683,135
$8,840,294
$6,656,028
95,833
144,731
1,532,555
1,795.718
__
44,125
345i643
529,495
150
^,507
i2,589,525
8,059. r/
48,797
143.439
;Z'S:
___
.121,063
deduct..
/
3,950
$582,304
stock for
$483,713
31,326
$4,323,774
$4,156,050
://- 957,534
957,534
————■/ $3,366,240
$3,-198,516
period
—
ry.
$25,936,909 $34,286,644
Gross
restated -for comparative purposes. .tOn
the year 1944, no refund
163, p. 2859.
•
•
:
result
of
-
RR.—Earnings—
'
1946
1945
1944
$19,440
$215,198
$245,227
*129,225
65,219
85,543
•52,555
53,856
65,944 '
railway
railway—J—
738,149
838,401
income—
97,892
z
..
■
railway
railway
-
income—
oper.
.1943
$225,180
91,953
:
65,798
From Jan. 1—
.
from
Net
from
Net
ry.
J Included
oper.
•Deficit.—V.
163,
p.
45,586
2443.
175,287
-924.585
226,746
/
215,364
3
.
944,213
295,667
250,912
366.622
;//'
in
Moody's Investors Service- rAnnual Report
tax
/
'
April—
i
v?
-•
1946
railway--—
Net from railway—
Nbt Zry. oper. - income^—
From Jan.
from
19451944
$1,003,393
•89,415
•176,940
$1,215,985
railway_/w/
277,237
413,982
124,103 :
187,759
expenses
sell.,
Operating
.
4,847,082
1,287,782
1,282,771
594,796
gen.
-
1943
$1,827,597
$1,740,750
1,669,383
1,482,598
1,441,264
$344,999
and
•
__
:
profit
292,104
5,034,532 '
232,976
215,275
628,732
a
4,835,642
.1,700,231
1,299,001
Other
,
■
credits___—
incoine
income
6,503
Income
Prov.
;
and
charges
Fed.
for
—
4,076
$405,637
$349,075
>
/:■
4,182
———
normal
income
6,699
8,401
126,074
121.049
r.Z/./Z, 7,915
tax
surtax
profits
$303,669
125,414 V
tax
77,609
•27,673
$194,699
$188,629
312,555
295,926
285,907
$507,054
$484,555
$460,125
$507,054
$484,555
$468,125
interest,
$206,603;
income), $138,843; provision for
taxes on income, less
$2,130,000 tax anticipation notes, $172,296; 2%
serial notes, due
in 1946, $150,000;
note payable,
demand, to sub-/
sidiary, $35,000; dividends on common stock, payable Jan.
2, 1946,$131,699; 2% serial notes (not current), $600,000; 3V4% -notes
(ma¬
turing in 20 .semi-annual instalments commencing Feb.
1,
1951),
$1,750,000; reserve for workmen's compensation, $50,000; 5%
preferred'
stock
(par $50), $3,342,750; 7%
preferred stock (par $100),
$9,600;
common stock
(par $1), $457,116; capital surplus,
$3,523,826; earned
Surplus, $2,970,555; total, $14,337,892.—V. 163, p. 2583.
Minneapolis St. Paul & Sauit Ste. Marie RR.-—Earns.
'
"April—
Gross
Net
Net
-
from
ry.
:
■
/.
■■/ /•■:
.
$2,017,253
223,472
/■/•76,635
'■.//.■•/•//:"//-/• /v:
Gross
Net
Net
from railway—
7,601,708from railway-i—_
*423,491
ry/oper. income—
/*1,013,438.
/-•Deficit.—V. 163,
'4
p. 2442.'
-
~
"
'
1944
-
$1,767,768
40,152
income-—
From Jan. 1— Z ':
1945
1946
.
!
railwayrailway
oper.
'
.
from
•
$299,486 i
/ ' Z' :.'Z;Z
Excess
2442.
p.
-admin,
I
•1944
$2,068,518
$399,135
and
sales,
1945
:
—-———
'
$1,235,797
298,857 ?:■
4,677,820
from rail way^
oper. income
163,
of
•Gross
Net ry.
•Deficit.—V.
sates
,1943
.
' $1,148,859
'/ ///;'
1
•
Years Ended Sept. 30—
Cost
& St. Louis Ry.-^Earnings—
Gross from
Net
$6,534,965
9/175
from
9,090,05^/ 8,482,917;
non-current
Gross
$657,385 *$8,405,550
25,750
434,744
____
—
from
of.the renegotiation settlement for
Minneapolis
other
$673,062
discount
and
Montour
Net
depre¬
1,869,830
13,113
V
bonds—
debt
.April—
-
1,893,383 Z
1945.
1,500,000
•Including, for the 12 months ended March 31, 1946 the
Net
year
/
3,861
Income—
applicable to pref.
10,574,621
10,574,621
>
1946—12 Mbs.—1945
125,000
non-recurring, tax benefit, $2,800,000.<—V.
-404,853
1,566,244
T25;000
$682,237 /
debentures
int.
31
194'4, consolidated operations
wholly-owned subsidiary, Glacier
plant
Balancfe
4,750,111
1,566,244
;
—
_—i—
utility
$124,301,800.MARCH
,
253,403
277,000
—
expense
Other
90;632
45,626
•
mtge.
of
'and
assets
in
1944,
§After reserve for depreciation
of
1945
and $8,040,755 in 1944.
HAfter deducting U.' S.
notes, at cost, amounting to $1,323,000 in both years.
••After .deducting taX refund credits of
$54,374 In 1945.—V. .162, p. 249.
on
basis
on
1,519,619
Z 18,219
"excessive profits" should be required for the
$8,495,550
depletion,
and
Int.
2,674,404
—
Total/.
/•Figures for 1944- have -been:
of
on
Amort,
6,491,667
96,449
of war contracts)—
total,
ENDED
$1,641,036 $17,922,422 $20,302,927
// 368;590 /
339,605 Z 4,887,226
5,338,055
312,953
388,169 / 1,384,645
4,952,870
// 141,565 // 130,877
1,728,027
1,607,207
Gross income
9,045,951
$1,175,932.: $2,076,457
...
of
Int.
Divs.
—
V
accounts
for
1,504,706
50,012
of
•/.
—
Other income' (net)
2,881,201
$25,936,909 $34,286,644
——i,—--
for
treasury
$1,374,614;
accrued
L———
-
——
cost)k\$1,200,000; joint venture and miscellaneous
investments, $212,313; investment in subsidiary (at
cost), $125,000;
timberlands, timber and timber cutting rights, at cost less
$29,948;
,
retirement
amortization
$1,621,170
"Net oper. revenues-
$1,049,831
1,660,201
681,659
5,827,655
• 6,242,525
104 420
(after allowance for doubtful notes and
accounts of $80,276)
$1,867,499; postwar refund of excess profits
tax, $160,169; claims for/
refund of prior years' taxes on
income, $130,368; inventories (at the ;
lower
ot average
cost or
market), $3,103,761; u. S. certificate of
indebtedness (at
deferred
-
contingencies
■:
Capital stock'(600,000 shares Without par val.)
Surplus
deposits, $1,417,274; customers' "
and
receivable
ciation
t
property
for
-acquisition Adjust,
9,578,734
61,648
1,049,831
967,072
512,390
depts.-;
Employees' Victory bond liability (par contra)_
•
•Pennsylvania, Income tax___:
UFederal Income taxes-——_—
Reserve
$928,555
182,544
supplies,
$605,966;
assets, $7,088; un¬
debits,
Amort, of ltd. trm/ inv/
90,'632
—
aa-—
i.'—— -——
General reserwe
under
on
contract
Govt;
Operating reserves
BALANCE SHEET, DEC. 31, 1945
»
; '
Accrued Liabilities
cost-plus-fixed-fee subcontract--and f^ col¬
lected thereon.
tAfter deducting postwar
refunds of $166,000, $6,000
and
$155,000 for 1944,
1943 and 1942,
respectively, and oredit for
debt retirement of
$133,000 for 1943.
$Based on shares
outstanding
at end of respective
years.
t
cost)—
1
surtax—1
Net profit
Preferred
-
Federal 'taxes
LIABILITIES—
'355,000
State normal
(at
reserve)
claims—
Accounts -payable
1U. S. Govt, (renegotiation
1,395,000
1,610,000
.Total.
-
$2,520,423
tax—;
-
14,
former
Property retirement and
deplet. res. appro.
Amort,
18,219
6,578,734
$140,782;
reserves
T'v 1946—Month—1945
—
Oper. 'expenses /.//_■//—
Other taxes
'
,
$2,623,087'
146,382
and
accrued
12 MONTHS
Production-Co.)
Period End. March 31—
Operating revenues
$3,485,825
and ~equipmentAi—aa///—L_
Deferred charges
"
tExcess
S.
-a
§ Property,.-plant
68,887.
276,015
'
amount
'$290,727; employees' proVident reserves, $72,887; "other reserves,
contributes in aid of construction, $553,039; yearned surplus
of
•1944
*'
—.
,
.
$2,438^620
the
$53,589; other deferred
$341,947; total, $124,301,800.
construction),
$17,205,313;
reserves,
(Including for periods prior to
credit.
1945
bonds——___!
Inventories
1942
in
1945
expense,
EARINGS FOR MONTH' AND
,
'fNet of
'$2,248,611
-accounts/receivable——————————
Cancellation claims (U.; S. Govt, depts.)_—
YEARS ENDED DEC. "31
,
31,
materials
current
and
pxpense,
advances
depletion
ages,
$9,090,056 .$8,482,917
:
$2,873,208
Total- profit——— '
——-l—
securities—U.
profits
Accounts
.
1944
2%%,
$25,040;
SHEET, DEC. 31, 1945 and 1944
Marketable
Excess
$25,117,582 $25,060,157 $27,723,595 $23,343,332 •'
sales-w.i— >22,244,374
22,417,249
25,405,677.. 20,789,132 ;
Operating
.
1945
of
of utility
property adjust¬
ment reserves, $18,697,813; reserves for
uncollectible accounts, $264,300;
inventory adjustment reserves, $67,061;'reserves for injuries and dam¬
$9,681,649
1,198,732
1,198,756
•
—
;
'
•Net sales-—-—
company
limited-term investments, $3,861; reserves for amortization
plant acquisition adjustments,
$13,113;
contingent
'
$10,288,812
Other
CONSOLIDATED INCOME
STATEMENT,
•■•///:
the
par, value),
and
7,174,199
*
—a——
,_a-
Marketable
'
Mengel tJo^-Annual Report—
rate
SHEET, DEC.
other
discount
$2,507,450
8,482,917
—_—■
—
Cash received, from ^employees for Yictory bond"
quarterly, dividend
deposited for exchange.—
•'/// /"/: ■ /
of
deposits), $1,443,875;
customers'
deposits), $1,443,875;
cus¬
deposits, $50,583; taxes accrued, $5,973,956; interest accrued,
$344,078; other current and accrued liabilities, $65,366; deferred credits
450,000,
$1,805,895
——
Cash in banks and "on hdnd—_i—
current
not
or
..
accumulations
tomers'.
1,262,858
4,810,253
-
ASSETS—
stock
M
payment; on July l of the full
7%
163/ p. 2294.
the
stock $6 series,
(outstanding, 159,589 shares
$15,958,900; common stock (outstanding, 2,481,665
shares of "no
par
value), $20,700,000;/first mortgage bonds, 2%%
series
"due
1975, $40,000,000;
accounts
payable, $345,096;
dividends
declared, $239,383;
matured long-term
debt
and
interest
(cash
in
$9,283,964
•
253,403
.
100,000
1,230,000
370,000
TAfter /provision for
ddpx'eciatibn, $460,000 in"both years.
Pennsylvania 'income credit of $225,596 in 1944i tNet'of 70%
remaining out¬
standing after expiration of the exchange offer on
May 8.
The offer
to exchange the
stock, share for share, for new 4 %% preferred was w
declared effective by the board on
April 28.
The board also authoroh
of
///■.'■////•:
our outstanding debt from
$57,163,900
due
$1,907,000, $10,589,900 Montana Power
$1,542,657;
$29,036;
debt
(restricted
to
Balance of surplus, Dec. 31_.
at 105
that
the Glacier Production Co.
$40,000,000.
prepayments,
,,199,802
.
/$3,505,895
-ni—
tax
surplus——a—^
Surplus balance,•" Jan. lii.--.
Maryland Drydock Co. of Baltimore—To Hedeem
7% /
preferred
than
company retired Butte Electric & Power bonds,
1951, in the
BALANCE
$9,084,162
297,181
tPfovi Tot Federal excess profits tax
Preferred Stock—.
7%
less
special
—-,——-—
Prov. for Pennsylvania in'cottie tax---
'
the
se¬
:// ■//■,,-://-\'//;
.
all
and
'ASSETS—Utility plant, $115,975,353; other physical property, $912,665; miscellaneous investments, $71,650; non-current
receivables, $121,892; miscellaneous special funds, $2,754; cash in banks
(on demand),
$1,252,780; special deposits, $1,443,875; worxing
funds, $59,777; United
States
'Government securities,
$1,800,000;
notes
receivable,
$67,703;
2,674,404
' $3,208,714
-
of
accounts
reports.
1943
1944.
$387,084
was
/•
used
was
period of years to reduce
a
due
1944
,
-
The Centra! RiartoverRank &
Trust -Co., 70 Broadway, New York, /
will until 1 p.m. (EDST) on June
/vv
18, 1946, receive bids for the / 'V,/^ v- v v;•//
t
sale to it aof 20-year 4%
sinking fund bonds due Feb. 1, {1957, to an
;
Total —•
-//a.
Ai
amount sufficient to exhaust the sum
of $128,047 at prices not exceed- '
Dividends paid —u—-aaa/
log 102 %, and interest.*~v,
162, p. 1771.
recently authorized the redemption
in
5% debentures due Dec.
1, 1966, and $44,667,000 Montana Power
3%% 1st and refunding bonds, due Dec. 1, 1966, a total of
$57,163,900, and floated a new issue of Montana Power Co. bonds,
$3,208,714 $11,7.58,566
.
income
Total
'
..
dividends
to
Co.
Price
/Balance
N. Y.,
Directors
inclusive,
former annual
liquidated
sold in
were
$3,781,574
Co.
of
Years—
t/'Excessive profits" as determined: by
Adjustment Board, Navy Dept.
Manati Sugar ^Jo.—^Tenders
Sought-^
accrued
1940-1943,
years
schedule and
year.
Jqne 1,
of
Brov, for xontrngenciesji.!---——---
'
in
due
only $957,534 was declared
adjustment of Glacier Production
;>/'///;/■
'
income
$10,630,000 received
securities
$868,631 f
j
^Includes
reduction
a
accrual
over
1944.'././////■■'':////
199,061
10,531
527,174
126,851
49,400
•Net earnings from
44,156
Electric ^output of this
-company' for the week- ended May 25, 1946/
totaled 31,512,000
kwh., as compared with 29,071,000 kwh. for the
corresponding week last year, an increase ,bL $.4% »—V. 163,
p. 2856. v
i
by
month's
However,
the
Townsite
surplus.
offset
extra
one
statement, and the bal¬
earned
are
were
slightly
previous
.94,527
2442.
Other ihcome.
.
this
to
which
HBook
year.
taxes
Falls
344,284
92,059
957,534
1,240,832
650,636
190,997
957,534
2,481,665
revenues "of the company foF 1945
amounting to
$3,361,152 less than those of the previous year, of
$1,000,000 was a drop in electric revenues prin¬
cipally industrial, the balance being the loss of revenue from Glacier
Production Co., wholly-owned
subsidiary, which was sold in
which
56,984
543,327
957,534
1,985,332
opera ting
$17,873,194
$182,737
37,133
20,280
the
income
to $40,000,000.
$136,448
was
2,860,062
reduced
were
difference in the above
'The
2,524,790
$4,168,657
LIABILITIES—Preferred
-rV. 163, p. '2441.
Louisville Gas & Electric Co.
$6,771,750
2,471,522
curities of Glacier Production Co.
(The) Midvaje €o.-^Annual Report-
:•
'
income
paid
$13,069;
$lv148,452 /
.235,666
239,306
.
62,472
$6,693,447
6i
NOTES—Great
profits), $540,818;
$5,585,124; other
$617,496;
reserve
for
replacements on
sales,
for
reserve
taxes
$564,892
Federal
for the
taxes,
25,297
-
p.
$6,201,011
150,226
rennancing cnarges
excess
profits taxes.
§Includes
change in method of accounting.
excess
payable,
profits
$2,o9'6,^o3
1,646,600
70,249
68,012
oper.
and
$5,000),
renegotiation
$3,111,442
50,000
$219,194
ry.
tax
of
NOTE—^For mechanical reasons it is not
altvaye
,possible to arrange companies in exact alphabetical
order.
However, they are always as near alphabetical
position as possible. ■
:
4,001,785
$729,937
income——
Net
163,
$6,621,524
80,279
interest and other deductions
of
ance
1—v/v
oper.
ry.
$6,613,168
$4,822,016
dividends
offset, in
1943
income—
from
1946—4 Mos.—1945
$1,791,225 ;$4i334,264
1,061,288
2,992,748
:
$339,443
Equip, vents <net Dr)iJt, facil, rents (net Dr)
oper.
accounts
$132,708
rail way
2,128,251
$3,781,574
§1,037,329
2,481,665
s.u
financing charges in the
Arkansas Ry. Co.—Earnings—
Period End. Apr. 30—
Ry.
'
-
1944
railway
from railway——
Net
'
Ry.
By.
'
.1945
railway—
oper.
From Jan.
Gtoss
-
$36,569,750 $39,869,654
&
1
Rft.~Earnings—
,
—V.
••
'
194'S
from
Net
1730.
p.
_
resale to employees (net' cost
$118,718 >, Dr$68,178; total, $25,493.193.—V. 161,
p. 1320.
:
Vy. '
J;;
••
r
'
1932 by
2,059,081
deduct-
dividends
Common
stock—12,021
$186,896 adjusted
April—t
•
■
dividend
$859,497;
-Midland Valley
149,188
3,018,700
10,690,745
13,325,260
Drill,363
15,399,543
for
reserves- for
i ' y/'
6,377,767
1,436,585
———
—————
Earned
in
.
of Canadian
"
.
doubtful
claims
other
Preferred
2,469,985
$2.76
Vt
income—
income /
•Excess
shares ^purchased; for
799,491.
'
/'
3,166,849
1,307,948
-
$2,761,699
replacements on sales (not current), $300,000;
relining furnaces, etc., $29,750; common stock (par value
$5),- $5,000,000; earned surplus,
$11,316,633;
treasury
*•••*•
■
exc.
—
corp.
and
Net
for
reserves
98,107
255,476 /
.
Int.
1,000,000
$2,957,893
2,469,985
$2.96
DEC. 31
for
reserve
$100,981;
2,017,380
/
oper.—
income
Gross
Treasury tax notes (at cost plus
profits tax refund bonds, $319,952;
$6,035,725;
contingencies,
$387,217;
$3/739,695 /
__
S.
excess
profits
liabilities,
wartime,
Accounts payable and aCcrtied !iabllitieSw--iL-<$2,380,743 1
Preferred stock -dividends
payable—'—
*
Common stock -dividends
payable
1
"
403,465
Prov. for taxes other than
Fed. taxes on inc.
821,585
B*ov. for Fed. •& Dominion of Canada inc.
*
-
Other
*Cr592,000
Cr918,000
1,000,000
(other than Federal income and
Federal income-and excess-
accrued
■'
from
rev.
1,500,000
16,974
$8,603,590
er
$33,260; total, $25,493,193.
-';///
LIABILITIES—Accounts payable, $525,033; accrued
payrolls, $298,822;
.3,428,803
1942
$8,130,170
473,420
Sietion, res. approv¬
op. rev. deductNet
•,
'accrued taxes
$36,569,750 $39,869,654
_____
inventories,
1943
Property retire, and de-
$3,538;; deferred;Charges,
accrued.
Total
<
(after
YEARS
CALENDAR
$17,873,194 $21,234,346 $21,679,106 $20,587,236
4,830,644
5,872,009
5,818,499
5,791,690
/_i__
<-3,395,406
6,785,296
117,126,492
116,466,283
Ta-xes
arising from accelerated amortization of
emergency facilities,
$151,000; .-billings on uncompleted contract,
Cr$4,209,278; land, manu¬
facturing and other buildings, machinery -and equipment (after re¬
serves for
depreciation and for amortization of war
facilities, $6,826,050), $9,461,130; patents, at cost (after reserve for
amortization of
7,196,077
9,373,845
12,867
9,020,239
.
receivable
$4,476,384;
4,364,086
4,941,202
6,852,503
17,794
9,844,699
648,213
'
$3,699,482; U.
interest), $5,519,000;
FOR
1944
.
___
-
refunds
590,000
inventories
/
;
">
BALANCE SHEET,
ASSETS—Cash,
$6,008,732
,
v.;
:
accrued
31"/
1945
6,351,353
.
———
<t
dividends-__^--i-^--__U-—__ v; 2,469,986
pet com.: share—^ / $3.15
.
$0.60
$4,323,982
States
'
::
//:>"/"/ /r-z
Co.)
re-
excess
income--——$3,153,741
Earns;
$476,956
710.952
1946
other current assets
Total property,
/
Cash
•
tax—
in
Fed.
ACCOUNT
1945
Operating revenues
Operating, expenses
,943,741 $14,619,893 $11,248,699
340,000
570,000
436,000
1,800,000
1,830,000
1,723,000
3,650,000
9,180,000
5,920,000
—
profits, tqx——A—
Prov. for wartime contingencies—
Net
-
profs,
to
tax
tax-i—-J———_
credit
-spect
-
,
,
SHEET,. MARCH
______—^__l_—•_____—
United
•
806,930
$0.46
-
'
ASSETS—
-.
$372,435
outstanding
COMPARATIVE CONSOLIDATED
-.r
$476,956
'
■.>*
<
■
786,000
income after estimated tax
credit—
Number
Per
&
'
exc.
Postwar;
2,591,400
v
income
Federal
,
,
194,500
-
Net income ——
_
Federal
income
INCOME
/■•••••
-
i,875,881 $14,518,346 $11,192,533
/ 67,860
101,547 r?/ 56,166
income.——
Pennsylvania
213/609
_
for
CONSOLIDATED
1
;
_~To'tal
Prov
v
—$11,161,038 $16,241,141 $12,755,243
and selling exps., etc.
2,285,157
1,722,795
1,562,710
Cost
_
Montana Power Co.—Annual
Report—
1'943
operations—
Gen., admin,
.$9,947,116 $17,638,668
29,510
39,109
//
1944
,
..
Profit
2995
$2,734,943
1,032,407
113,571
/ Net
income
from
operations
Surplus at beginning of year.
j.
Surp. before divs. and other chgs
8.000
852,529
•
'''/•
6,740,134
9,877,968
387,390
before
Surplus
2,360,048
dividenc
3,041,677
97,160
$174,218
'
Dividends
on
preference
•After
172,200
172,200
172.200
$334,854
$312,355
$295,925
deducting post-war refund credit of $3,075.
'
THE COMMERCIAL & FINANCIAL CHRONICLE
2996
BALANCE
SEPT. 30,
SHEET,
'
1945
u
1953,
ryp
$1,456,000;
rently,
*
Monday, June 3, 1946-
mortgage payable on real property (less due cur¬
above), $425,574; liability for purchase cost of prop¬
included
."•'New York Ontario & Western Ry.
ASSETS—Cash, $192,353; United States Government securities, $750,erty (less due
currently, included above), $70,000; serial preferred;
000; accounts receivable (after reserve for doubtful accounts of $5,000),
stock, $2,044,600; common stock (par value $1 per share), $204,891;
$329,735; inventories—at cost, $31,603: interest receivable, $4,259; due £
capital surplus, $810,259; earned surplus,
$7,699,873; total, $16,334,332.
•from
employees, $4,715; due from Moody's Investors Service, Ltd.,
—V. ,163, p. 2584.
£
j$2,654; treasury stock (2,600 shares of participating preference stock,
<
iflt cost), $1x0,040;
trade-names, circulation, etc.—at cost, $189,549;
£
igoodwill, rating system, statistical files, etc., $1; cash surrender value - % N€w England Gas & Electric Association—Output—
For the week ended
,of -life insurance," $84,952; furniture, fixtures, and equipment (after v
May 24 the Association1 reports electric output
of 12,459,014 kwh. This is an increase of
reserve
for depreciation of $185,904), $16,303;
investment in capital
110,106 kwh., or 0.89% above
.stock of Moody's Investors Service, Ltd., at cost (less 50% ), $12,485;
production of 12,348,908 kwh. for the corresponding week a
year ago.
Gas output for the
advances to employees, $5,412; prepaid and deferred insurance, taxes, y;
May 24th week Is reported at 127,064,000 cu. ft.,
an
increase of 5,399,000 cu.
rptt., $5,101; total, $1,739,162.
*
'
ft., or 4.44% above production of 121,-
Net
railway^... ;
railway-..
from
$625,177
51,307
income...-
from
Net
'Deficit.—V.
:
665,000 cu ft, in the corresponding week a year
payable, $40,405; accrued taxes (including
ago*—V, 1.63, p. 2860,
$203,023), $229,181; unexpired subscrip- y
rtlons, $459,722: caDital stock of no par value, $675,000 (represented by y
New Niquero Sugar Co-r-Amiual
Report—
t60,000 shares [including 2,600 shares in treasury—see contra] partici- ^
INCOME ACCOUNT, YEARS. ENDED JULY 31
ipating preference, $3 cumulative dividend and 60,000 shares common
'
'
' v
''1945
Stock); surplus, $334,854; total, $1,739,162.—V. 161, p. 11. y;:
.1944
1943 H
1942
Sugar and mol. produced
$1,194,215
$1,685,618
$1,012,619
$1,563,753
income
on
78,182
*119,089
*76,571,
3i,3al
2,486,351
"
2,590,851
*307,280
2,944,852
118,009
191,991
*476,420
*738,142
*213,592
*62,670
"
•'■V'.:.\;''v
163, p. 2444,
LIABILITIES—Accounts
taxes
"
April—•
-
v-
Net ry.
1—r
1943
$460,215
181,747
203,359
*17,025
"'V'-- 75,814
64,297
62,143
1,389,505
1,657,423
2,119,114
1,948,493
638,659
960,790
919,166
203,616
332,614
34,267
income.—
oper.
From Jan.
-
Earnings—
1944
$468,553
$426,424
fei 60,893 ::f-? 188,743
$300,157
from
Gross
:1945'
-1946
■'
railway:
Net from railway—.-.--
of
1943
$639,717
*22,919
New York Susquehanna & Western RR.
,
(Federal
1944
-$715,078
2,247,705
*45,004
railway
railway——
Net ry. oper. Income—
•
;
,
"
from
-Earnings-
1945
$740,190
32,339 !
*67,990
:
From Jan. 1—
Gross
*r' -V
1946
from
Net ry. ©per.
,
,
.
Abril—
Gross
...
.
Int.
Munsingwear, Inc.—Amendment Filed—
Two
(exchange
dn
shares
new
for
of
each
accordance
;
stock, of $5 par value, were issued in
share of capital stock, of no par value,
amendment
an
corporation filed April 22,
to
the
1946.—See V.
Certificate
Amended
163,
of
'
disct.
Total
Nashville Chattanooga & St. Louis
Gross
-iNet
1946 '
$2,476,305
4
Prod,
and
and
/
,,
from
railway—
railway
from
.•Net ry.
1,126,362
910,460
421,860
jNet from
245,368
*176,599
-
13,017,245
5,146,203
2,034,299
1,921,282
$1,759,530
$1,060,089
Net
1,051,148
1,243,794
841,623
f.
115,921
2,082
7,217
9,710
*
■
11,330
2,001
"""692
"Niquero"
Net
2,319,371
~
invent,
Profit
♦Deficit.
Cuban
income
y;
Forbes, also a Vice-President of Consolidated Edison, has been elected
Vice-President of the-Steam corporation.—V. 163, p. 2584.
105,01?
44,881
to
26,000
&
143,073
h'
3,473
.
17,465
2,072
jH
..,
•••
'
gur«
4,840
——
.
,
Net
15,600
——
the
usual
manner
the railway,
2859,
■
.
■■■
presentation
upon
Room
V
■
71
900,
.
:
.
.
office
the
at
Broadway,
.'V-
■
of
York,
New
the
N.
amount received on
,-
.
ypf
less
P
Gross ffom
{
.National Bellas Hess, Inc.-—Subscription Agent—
The
rights entitled
scribe at $5
...each
five
-Rank
share
for
held
per
and
shares
of
the
of
p. m.
expire at 3
City
stockholders
common
on
additional
one
be
may
of
record
share
exercised
of
York, 11 Broad St.,
June 4.—V. 163, p. 2859.
New
May
20
Chase
York,
New
to
for
N.
Y.,
The
stockholders will vote July 2
the
np
stock
common
on
deferred
approving
on
three-for-one
a
resolution
a
providing
proposal
a
basis.
The
this
directors
V
on
'v
T
1942,
cost
yfco be held
June
on
27.—V.
163,
New Orleans & Northeastern
Gross
contingencies, $29,289;
assets
J.
of
Simonson,
Jr.,
President/
National "Securities
Series
Net
from
railway^—.
railway
from
Gross
1945
$693,080
188,899
$1,036,707
440,396
91,337
2,808,569
813,201
246.991
April 30,
1945.
from
Net
from
Net
ry.
railway
railway
,Jncome__
oper.
;etc.
%
value
;1869.
1...
of
the
of
the
that
fiscal
'
'
•
■■
funds,
including
corporation
the
trust
ended
year
Operating
net
$1,057,397
'iVy.;."" yyl-
-
taxes
689,219
94,482
vy■.
>y...
$9,253,915
$8,898,245
775,435
■
806,311
2,621,053
2,665,659
638,270
-
600,901
1,062,820
555,289
*1,091,431
11,664,921
tl,164,585
*1,701,294
$3,981,762
$3,411,230
$0.61
—————
profit
232,010
4,462,879
4,217,478
4,584,108
2,147,370
1,775,838
2,609,200
464,531
353,631
563,444
.
$0.52
$3,954,573
$0.60
$3,124,079
$0.46
share—
MARCH 31,
BALANCE SHEET,
CONSOLIDATED
1946
S. Treasury tax' notes, $9,949,000;
notes and accounts receivable, less reserve, $6,839,644; inventories (at
cost), $9,554,889; investments and other assets, $4,673,095; property,
plant and equipment, at cost (after reserve for depletion, depreciation,
and
amortization
of
$195,473,820),
$80,291,882; deferred charges,
$1,135,024; total, $134,584,156* ,e
'
ASSETS—Cash,
$22,140,621;
U.
't
.
$2,493,074
revenues
terest,
1,246,557
1,162,182
15,203,699
347,539
557,196
2,726,760
4,523,610
268,360
' 255,631
3,299,376
3,152,107
2,600,000
1,297,000
294,500
294,500
,3,731,523
3,534,000
$336,118
$232,234
$3,774,455
$3,750,978
bonds-
88,493
89,146
1,064,989
1,571,893
28,696
8,795
303,214
228,257
Federaitaxes...
Other
taxes..
•
Charges in
lieu
of
res.
approp.
no
Gross
Int.
income——
-rntge*
on
$47,302,930; total, $134,584,156.—-V. 162, p. 2950.
income—
$218,929
—V. 163, pp. 1731,
"'4'4--4".'"-f'-'-r.
earned surplus,
- -
Earnings—
Oklahoma City-Ada-Atoka Ry.
1946
Gross from railway
$86,179 ;
Net from railway-™-.—'* ,.,A 30,897
Net ry. oper. income—
: 12,497
April—'
•
'
•
19441
1943
$127,729
71,945
' 1045 .
$105,660
49,604
15,758
$102,802
51,322
$134,293
$2,406,252
Gross
.
344,052
$1,950,828
453,905
517,200
408,578
-119,197
35,525
from
Tailway
'
Net from railway——
Net ry. oper. income
1869, 2296.
21,070
.?9»276
From Jan. 1—
_
Net
-
?
postwar contingencies, $1,000,000; deferred
stock (outstanding 6,563,377 shares of
for
$341,765;. common
value), $59,235,791; capital surplus, $8,483,045;
par
inc.
taxes
Prop, retir.
<
payable,
$8,000,000;. reserve
liabilities,
13,865,984
,
$1,110,713;
notes
$2,501,743 $31,335,813 $30,123,679
;-v -•*■
'
1...
—
payable, $4,764,604; • accrued taxes and in¬
Federal taxes on income (estimated), $4,345,308;
due serially Feb. 11, 1948-1951, interest at 1%%),-
LIABILITIES—Accounts
-
1946—12 Mos:—1945
Other, int. and deducts.
April
investments, under the su¬
exceed $55,000,000.—V. 163, p.
•
vK*v
•*!
yy;,
'
!
-
.
provision made for Federal excess profits taxes,
tlncludes ex¬
cess
profits taxes
(after postwar refund of $98,432
in 1945 and
$58,811 in 1944) amounting to $898,457 in 1945 and $529,298 in 1944.
$1,181,174
459,673
x
1946—Month—1945
.
Oper, exps., excl. direct
w
other
currently
$9,827,967
774,737
772,834
2,476,831 i 2,914,258
$8,878,147
—
and
♦No
1943
New Orleans Public Service
Inc.—Earnings—
'Period End. April 30—
trust net assets of First Mutual Trust
Fund, another mutual
Investment fund managed by this'corporaion, increased $3,182,125 in
the past year.•y'yPv'
" ■' :'
.PP-H]
Market
$8,650,761
247,484
203,839
depletion—
Other charges
Prov. for Fed. inc. tax,
.The
pervision of
income
$9,194,176
59,739
$9,624,128
taxes
•
Deprec.
p.'^4444;^7
—v.: 163,
1946, were $42,839,056, an increase of 81.237/b% over the 1945
.•figure of $23,638,455. Shares outstanding as of April 30, 1946, were
*€,070,210, as compared with 3,416.967, for 1945.
Number of share¬
holders on April 30, 1946, was 23,257, an increase of 82.64% over the
on
$8,457,193
—
Earns, per com.
1944
& 56,444
•
.30,
;12,734
(Del.) —Weekly Output-
■;y 420,954
profit
From Jan. 1—
v
.
,
announces
as
711,979
319,959
1946
1945
1944
1943
$20,168,725 $20,210,788 $19,671,290 $17,340,607
11,711,532
10,586,660
10,477,114
9,289,846
sales--
Total
Misc.
RR.—Earnings—
1946
Net ry. oper, income
National Securities tfc Research Corp.—Assets Rise—
Henry
188,749
.
2443.
p.
of
Gross
,
were paid for many years and in March
jpf this year a quarterly dividend of 75 cents was declared.
The next
•regular meeting at which dividends will be considered is scheduled
175,906
:
(& Subs.)—Earnings—
Other income
162, p. 250.
April—
ago
.bends of 50 cents per share
478,219
-
46,832,000
Ohio Oil Co.
sinking fund gold bonds
$54,900 extended to Jan. 1,
reserve for
income...
3 Mos. End, Mar. 31—
%
and
2,564,109
314,416
.
1,616
railway
railway
Sales
Net
the number of stockholders of National y
^Distillers was less than 1,000, but this number has increased sub¬
stantially from year to year and now totals about 22,000."
There are 2,659,257 shares outstanding.
The company has no bank
.Joans and no securities other than common stock. ( Quarterly diviyears
mortgage
1,
65,445
2,641,746
output of this company for the week ended May 25, 1946,
kwh., as compared with 46,226,000 kwh. for the
corresponding week last year, an increase of 1.3%;.—V. 163, p. 2860.
credits
058.—V.
Porter, President, stated: "The directors for some time have
tbeen considering this action.
It was felt that this move toward still
broader ownership of the company is especially timely now when 4
•recent
debt
retirements
have
placed' National Distillers'
financial
structure in a stronger position than at any time in the
company's
Sixteen
first
Jan.
47,093
2,623,473
491,271
'
v
fieton
^history.
to
33,309
2,565,449
income—
oper.
totaled
(rents collected
in
advance),' $183; common stock
(authorized and issued), $3,892,500; surplus
(including $185,224, which
represents the excess of surplus created in connection with the
capital
stock reduction
effectuated in July, 1944, over the amount thereof
required to eliminate the then existing deficit), $413,234; total, $4,505,-
!
to split
change.
for
$35,413;
extended
1947), $69,900; cuban censos, $27,691;
National Distillers Products Corp.—To Split Stock—
■$4ay 23 approved
States.
($15,000
and
150,908
Electric
shipping expenses, $44,376; merchandise in stores, $85,320; ad¬
to
colonos, planted and growing cane-and working assets,
land,
buildings, machinery,
railroad,
rolling
stbek,
etc.
United
4
National
$647,511
127,591
Northern States Power Co.
liquidation, less shipping expenses (after deducting
totaling, $360,091), $50,096; molasses on hand,
acct.
LIABILITIES—Accounts payable, $18,573; accrued taxes, insurance
and interest, $18,274; reserve for
income and other taxes in Cuba and
sub¬
stock
common
The
at
v
$664,786
108,249
♦Deficit.—V. 163, p. 2444.
(after
reserve
for
depreciation of $3,492,709), $3,189,269; deferred
charges to future operations (unexpired insurance, taxes, etc.), $22,405;
total, $4,505,058.
<
'
■
Net ry.
$404,035;
163,
from
Net
vances
agency
Y.—V.
hand and in
sugar on
plus accrued interest to Aug. 1, 1946,- upon presentation and
surrender of above-mentioned bonds.
y
;;
Interest coupons maturing prior to Aug. 1, 1946, will be payable
ry.-oper.
1943
$628,485
41,156
*35,573
railway...—
From Jan. 1—
■
—«—
.
All of the $15,000,000 outstanding first mortgage 4% gold bonds,
plus account........
$70,634
$332,538
$67,220
$286,993
.fiieries A, due Feb. 1, 1978, have been called for redemption on Aug. p. Dividends
77,850
97,313
^
;0L, next, at 105 and interest.
Payment will be made at the United
BALANCE SHEET, JULY 31, 1945
^States Trust Co. of New York, trustee,
45 Wall Street, New York,
ASSETS—Cash in banks and, on
iN. Y,
; ' -yUyvv"
-W
hand, $342,203; tJ. 8. Treasury
Holders may at any time obtain payment of the full redemption
certificates, $350,000; accounts receivable (less reserve), $17,354; raw
-price,
from
-1944
$608,468
railway
from
Net
1945
:,S
April—1946
Gross
of
-..
carried
been
Norfolk Southern Ry,—Earriings-
29,958
30,612
adjust.—Cr
*'•
Bal.
13,535
—
company's bonds—Cr.
Calls 4% Bonds—
President, etc.—
Brig.-Gen. E.
and,
taxes.."
acquisition
on
2860.
p.
Consolidated Edison Co., of New York, Inc.
F. Jeffe, a Vice-President of Consolidated Edison Co.,
made
a
director of New York Steam Corp.,
Harland C.
pany,
10,332
for
S.
163,
'!
Harry J. Bauer, a Vice-President, has been elected President, suc¬
ceeding Ralph H. Tapscott, who is also President of the parent com¬
has
payable
off
U.
45,882
New York Steam Corp.—New
gold bonds
censo
431,992
Income—
oper.
♦Deficit.—V.
1,030,216
108,812
railway...—.
from
ry.
railway
$1,609,581
depreciation..
s.
on
Prov.
14,106,084
4,164,745
$1,243,044
from
Net
10,548
35,279
gen-
Uncollectible accts. writ¬
ten
3,879,744
13,769,509
482,623
jNet ry, oper, income
Int.
-
;
,
9,922,694
railway——
; •
36,855
bills, drafts and
notes
1,249,664
£^407,471
Prom Jan. l—
,
(Gross from railway™.™
on
on
$3,286,310
*116,008
y
;
63,273
.
costs
and
expense
for
Int.
Int.
1943
93,513
income
oper.
7
1944:
$3,364,322
10,63810,615
46,677
...
mfg.
selling
Prov.
Ry.—Earnings—
1945 '
$3,441,333
2,153
-
(net)—^
income
eneral
April—
receiv—
income
■.
In¬
2295.
p.
and
Misc.
capital
present
with
'
•
Gross
210,135
71,166
280,457
103,679
251.795
90,687
'
National Stamping Co., Detroit—Trading Commenced
Trading in the stock of this
It
was
announced
company
by the Detroit
Stock
commenced
Exchange.
.
_
•
■
31,
May
on
The
"i 297,937 shares of $2 par value common stock on
:
reports
tell
and
that
"the
profitable
y.:."~V, 163,
backlog
operations
p. 2444.
of
unfi'.led
orders
expected
are
,4
is
the
for
at
—I
Li
of
■■W-.f.-;
>pther Income
—
__
;Ccsi 9' sales and gen. exps.——;—
,Ls vi j t on bonds and mtges.-j_^_.
:
Aniir^ and depreciation-.,,-i.
•MU-ec
deductions
aneous
for Fed.
excess
'Pre.
for
;Pr
Net
Net
75,415
lEs
Federal
income
Total
.
222,382
1,482,800
:
taxes—_ '
501,600
:
;
•
$971,483
"Mends paid
^(vidends paid
hamings
per
.4%%
on
on
pfd.
common
common
stock iff;
stock___ 4.:
and
106 817
tCredit
1,035,200
529,200
480,200
share_„_
CONSOLIDATED
BALANCE
$963,348
97,913
99,406
256,114 V
$4.26-
SHEET,1
31,
^
u
52,690,039),
-marxet,
"
whichever
$2,688,815;. merchandise
is
lower
(at-stores
and
in
at
Federal
$4.05
transit),
'
rand
sundry charges,
from
$251,855;
due
$225,911; prepaid rents, insurance,
total, $16,334,332.
(trade), $220,753; accounts payable
accrued .interest on bonds, $7,869; term indebted-
$1,299,844;
within
$2,076,230;
one
Neimer
year,
$18,438;
Brothers
accrued
Federal
and
State
taxes,
Realty, Inc. guaranteed serial debentures
dated Nov. 1, 1941, due
serially from Nov. 1, 1947, to and inch Nov. 1,
1,
99,211
- 894,785
—1.277,948 [
Merchandise in transit (at invoice cost)
119,723j
Excess profits tax refundable under Tax Ad""
5,332.579 V
616,204
16,462,535
5,871,435
"
6,919,467
6,487,639
1,619,257
;
23,382,002
6,951,836
86,484
598,112
3,577,248
13,654,125
14,071,004
income
-*
1
w
Deferred charges
l,948,385fCr9,629,415
,v;y,:■
Py
Chicago & St. Louis RR.—Earnings—
1946—Month—1945
$5,677,907
taxes.™
ry.
taxes
400,114
furniture, fixtures,
1,214,594
™™
—
y 1946—4 Mos.—1945
1,201,028
$7,853,538
$400,278
Deferred
,
1,670,024
332,632
Reserve
Reserve
3,866,922
227,917
income
—
11,033
60,195
------
'
profit sharing
——-—
for insurance——,.——--—— ; :
208,313
30,233
30,151
150,000
150,000
1,999,630
1,999,630
surplus—; 1,655,709
1,655,709
contingencies
for
t
1,734,635
yl,720,213
—_—
——
—
411,517
28,519
1954
Employees'
5.609,801
103,805
65,000
payable
Mortgage payable in installments through
(not current)
—
—
"
1,989.054
■
),477.748
'
LIABILITIES—
;
274,797
9,421
' 5,534
y
2,934.659
2,892,592
166,958
171,477 ",
etc
Total
Accounts
$7,897,239 $22,710,798 $32,858,494
2,991,000
367,442
1,465,586
1,531,378
Cr39,000
'r 786,978
(net)
and misc.
(merchandise)——
u ; $793,920
Sundry accounts payable and accrd. expenses.
f; 692.745
Mortgage installments payable within cne year
y 28,735
Reserve for Federal taxes on income———..
T
4,533,989
April
income
customers
inventory
.
t8,752,862
7,764,598
>
prof. taxes_tCr2,181,279
in
—
y
140,000
income
Skg.
and
funds
appropriations
Balance
*
receivable,
Justment Act of 1945:
—
;—.;
11 9,421
Sundry investments -™———-—-—
—
'//.-• 5,534
Claim for refund of prior year's Federal taxes -y
y.
S
on income under carry-back prov. of Rev. Act
65,000
558,136
f3,288,104
178,103
-
,
1,982,017
Net
The
and
to
surplus™.™
wages
;
$20,888
$1,635,024
account includes $456,336
applicable
to
April,
1946,
and
an
y
$104,715
$3,726,922
"
,
-;}r •'
John W. Darin,
President, on May 23, announced that a committee
composed of five directors was appointed by the board at its meeting
May 21 to study and explore possibilities of
with
a
view
to
eliminating
arrearages
stock.
The
the
on
a
the
recapitalization plan
preferred
-
-...
.
arrearages
will
include
through
merger
In
or
its
1,174,510
1,395,613
.—'™—
$8,477,748
.!
$7,853,538
depreciation reserves of $1,848,863 in 1946 and $1,802,882 in.
deducting $546,030 U. 8. treasury notes, series C (incl.
in 1946 and $191,615 notes and interest in 1945.
tAfter
New Treasurer and Secretary—
29 announced that Gordon
and Secretary to fill
the
of Irwin Joseph.
Mr. Greenfield
is a director of Bankers Securities Corp.,
Philadelphia; City Stores
Co.; Oppenheim, Collins & Co., Inc.; R. H, White Corp. and Bankers
Bond & Mortgage Co., Philadelphia.
^
Frank
vacancy
President,
Schmandt,
Greenfield
has
been
created by
elected
on
May
Treasurer
the resignation
.
company's
■
committee
♦After
1945,
interest)
.
capital
surplus
amount
of
(par value $10 per share)™.—-
Total
for increase in salaries
Plans to Eliminate Dividend Arrearages—
0x1
and
Initial
Earned
35,000 <;
82,917
above income
stock
Capital
other
j
$22,014 for
under-accrual in the estimate for three months from Jan. 1, 1946 to
March 31, 1S46, also Federal payroll taxes applicable thereto in the
amount of $29,037.
•:V■■
""
rent,
LIABILITIES—Accounts payable
(other),
7,796,878
566,868
1,529,545
income
Other
$3,667,693;
520,462; land and buildings
$1,160,508; cost of leaseholds
t! !Lei!!.e„nt5 t0 leased properties (after amortization of $2,006,K3o3:,cost of acquisition of leaseholds and improvements
f
jecV
puJchase agreement (after amortization, $16,831),
sfS nQoi «
and equipment (after depreciation of
)fu $1J537,253' advances t0 landlords and agents, collectible
in cash
by deductions
6,234,934
securities, at market quotation plus
accrued interest
.
rJV8lue.of life insiirance' etc-
or
Marketable
21,188,933
Accounts
124.20S'
863,701
securities, at cost and accrd. int—-y
45,448.346
or
nL illi1 depreciation of $220,484),
S.
31, r45
$2,368,084
$2,078,356
..x—-
6,965,733
Net oper. income
cost
SHEET
Jan. 31, '46 July
in banks—j
aim
•Land, buildings,
Period End. Apr. 30—
Gross
1945
inventories,
Govt,
BALANCE
...
hand
13,816.871
3,371,061
charges
New York
104,116
Cash, $4,530,533; sundry accounts receivable due* currently
^reserve), $160,613; U. S. Treasury bonds and tax notes (market
4p(less
on
6.075,972
2,262,256
140,501
deduc.
2584.,:;-, ;
ASSETS
•
S
—ay
Fed.
exc.
256,114
$4.21,' '•
-
DEC.
Cash
1946 is due to carry back adjustment of $2,258,600
and in first four months of 1946 of $10,131,600.
t Income.—V. 163, p.
$935,174
:
256,114
ASSETS—
,v
,
438.677
;
CONSOLIDATED
•
13,670,807
1,898,091
deficit
421,817
.
44J ■ :;:vefc profit
fixed
♦Includes
79,710
~
4,322,253
1,857,294
1,415,149
income
4 319,745
-
'
income
oper,
Miscellaneous
& State taxes • 4 59,700.,
97,000 -4
78,600
postwar credit, exc. prof,
taxi"44-Crl62,500 0103^520
-.
ry.
1,625,000
400,791
profits tax
75,307
v.0
tax
income
Net
-
$
$
Merchandise
Total
'
from ry. op.
accruals™
rev.
Other
623,345
690,360
-
195,260 810 222.416,014
U.
•Railway
$39,568,126 $38,905,312 $37,956,441
35,853,955
35,036,395
34,905,584
"
Oppenheim, Collins & Co., Inc.—Financial Statement'
1946—4 Mos.—1945
$
57.473,436
.43,203,955 .43,802,629 181.443,939 176,867,668;
Equip. & joint fac. rents
the
for other Fed.
4
expenses
44-'.4:
700,?78
income
revenues
163, p. 2445.
-
$38,867,748 $38,214,952 $37,333,096
...
1946—Month—1945
47,526,208
oper.
Railway oper.
all-time
an
balance
—V.
";•
$
Railway
ITcZiner Brothers, Inc. (& Subs,)—Annual
Report^-Calcr.dar Years—
1945
4
1944 4 '
1943
La ci
'•
Period End. Apr. 30—
has
Vice-Preudent and General Manager; Ray Nigro, Secretary and
.™r.i:< urer. ';
; .-yV v
.
y;
y::
;:yyy.*y
4
'- L.vidend of 15 cents per share was paid in 1945 and the comj
'
that "board."
*3ers of the company are Fred W. Beyer, President; Thomas L.
Y
k
:
New York Central RR.—Earnings—
1946,
company
;
study.thfe possibility of
consolidation.—V.
163,
p.
settling
2860.
Change in Control of Stock—
On
par
Sept.
value)
11, 1945, the City Stores Co.
of
Oppenheim,
Collins
purchased 93,158 shares ($10
stock at a total cost ol
common
•
"•
:''/■•
■!■;<■?■//■/ '/;■/// /;•</
Volume 163
2997
Fenick & Ford, Ltd., Inc. (&
Thereafter it acquired 8,500 shares at an average cost, of
share, so that it owned at April 24, this year, 101,658
a total of 199,963 shares outstanding.
//■■//'
$2,059,000.
$22.60
/■/////;>/.
Number 4495
per
■.
Period End. Mar. 31—,
1946—3 Mos.—1945
Total
1946—6 Mos.—1945
•
$7,270,574
Deprec.
Net profit
Other
&
5,786,609
7,562,648
11,808,698
income—net
81,067
'123,264
152,524
62,967
equip.
.
*$171,120" $1,402,897
/:
_
/
/
57,360
Other
♦$142,273
'/>/ 29,794
Cr71,000
Crl78,000
70j430
198,500
934,500
$76,932
;
$245,683
profits Jax...;.,.
Net
profit
before
for
res.
71,798
437,000
2,185,000
Crl51,000
conting.
Net profit ./*™-™_ /:
Oxford Paper Co.
lncome-r-net
Total Income !.
Dcp r ec i <t 11 o n '■*•** •**•**
Interest
mm mm mm
^
notes
on
~
and
-u *** **** **
20,864
debentures
Provision for Federal taxes on Income,
Net earnings
—V. 162, p. 2311.
Pacific Airmotive
V
At
the
268,000
President
in
Treasurer
$vvy,-
s'' J'w''
■/<
'
from
other
$1,370,635
:_™-
Cost of goods sold, operating expenses,
™—;
'
and
normal
Federal
j,,;
-
and surtax
tProflt.
Gross
11,664
27,000
Crl97.
——™™—
.
.
..
Net'"
18,025
1946
Net.
1944
income
12,804,272
*2,266,716
From Jan. 1—
50,000
Gross
Cr360
for
Net results
$71,348
•
-
Net
revenues
from ry. oper.
t$688,656"
"
Total
Net
income
$4,896
; mm m* mm mm mm
•Includes Fed.
j
76,?44
72,296,971
81,261,487
,
33,133,168
$1,121,101
*
$1,121,169
Cr$183,967 / ; $415,019 Cr$515,152
profits, taxes
>
Pittsburg & Shawmut RR,—Earnings—
:
April—
Net
oper. income—
ry.
1945
1946
20,801
13,746
v
Net
36,168,254
-
oper.
,
$107,656
13,299
8,640
466,461
106,763
; 78,714,
income—
/-64,643
income' // 31,024 :
•Deficit.—V. 163, p. 2446.
ry.
1943
$127,880
41,939
23,652
1944
1
$117,506
$21,069
*52,809
*58,494
■
■/;/From:Jaih;;.l^«///'SOT
Gross .from:railway./—
• 447,578
86,340,316
39,150,491
$496,927
$478,531
inc. & exc.
Net ry. oper.
543,210
Cr32,429
14,033
$1,524,282
389,618
13,563
.$353,337
/
fDeficit, t Credit In 1946 due to carry back adjustment $128,788 in
April and $515,152 in first, four months—V. 163, p. 2446:
,;' ;.
:
27,650,591
13,303,471
18,293,218
n;
$475,792
119,068
3,387
-
$1,427,196
97,080
$401,787
21,011
mm——.
■
3,406
deduc;
charges
fixed
■■
V t$23,617
Cr31,919
income
Miscellaneous
'
170,167
$454,781
16,546
'1
Total
607.694
Cr554,455 Cr2,497,895 Cr2,113,602
f$40,163
income
$1,185,294 v
1.871,700
$508,020 t$l,925,941
,
Cr26,991
Cr621(502
income
oper.
ry.
1946—4 Mos.—1945
$7,528,378 $10,587,983
9,454,319
9,402,689
1946—Month—1945
$1,567,301
$2,893,101
2,255,957 , 2,385,081
revenues
rev.
Other
'
'
railway.
♦Deficit.—V.
509,096
,140,791
105,749
.
443,920
147,360
88,23$
.
Pittsburg Shawmut & Northern RR.—CurtailmentJudge Guy K. Bard, Pittsburgh, Pa., has granted permisthe company for partial suspension^ of its lines/ Hs said a
Federal
163, p. 2446.
:
sion. to
decision
Dr608
Crl,681
$43,488
period
$72,421
"gave -permission to curtail temporarily at two = points be¬
ginning May 18 but that abandonment should await action by the
Interstate-Commerce Commission/'—V. 163, p. 2446.
4
Pennsylvania Sugar Co.—Redemption of Debentures—
Crl64
the full redemption price—100 and Interest
to July 1, 1946—will be made at any time on presentation and sur¬
render of outstanding 4% debentures due Jan. 1, 1952; at the Trades¬
men's National Bank As Trust Co., Philadelphia, Pa.—V. 163, p. 945.
mm mm mm mm mm mm
Immediate
-V. 163, p. 2731/
payment of
,
Pittston Co. (&
200% 'increase In air express shipmenta handled during the first
this year over corresponding months of last year was
on May 28 by officials of Pan American World Airways,
Atlantic Division.—V. 163, p. 1573.
A
3 Months Ended March 31—
Net
reported
1946
.
sales
Other
Ended
March
31—
1946
1945
operating '-revenues.,.™—________ $14,059,835 $11,756,961
sales™™™..,
™^_v_../.™.™
11,588,610
9,583,074
Selling, general and administrative expenses..
/ 916,903
821,331
Provision =for ,bad debts_...wu^_.//...........
7,840
7,877
Property, .franchise and other taxes—'127,962
128,810 /
Federal and State payroll taxes —
.......
78,074
79,861
1945
•
,
-
$8,368,130
163,627 /131,044
$9,953,290
—
Income
stores
Subs.)—^Earnings—
and
Of
Cost
Peoples Drug Stores, Inc. (& Subs.)—Earnings—
three months of
Months
Three
Sales
Pan-American Airways Corp.—Shipments Rise—
»
:•
,
•
from railway.™ 258,637,688 323,844,847 327,629,742 303,605,955
Net from
par value and cost of bondsf
items—net •vM.Mji.-M4>>
oper.
oper.
•Railway tax accruals.
Equip. & joint fac. rents
1943
21,957,312
8,810,307
21,467,273
39,692
retired
Miscellaneous
'
Gross from/railway^/"
;,Net from railway^-/-:-/
1945
2,131,404
railway.™—
Surplus and other adjustments;
Difference between
1946
'
$3,960
profit^
MARCH 31.
hand
Net ty. oper. income™
-
$53,765
Balderston, Vice-President in charge of operations for the
elected Executive Vice-President.—V; 163, p.
.
Railway
Railway,
railway™. $60,544,163 $84,671,A18 $83,113,472 $82^787,598
from
from
Net ry/ oper.
$139,013
$42,427
$ 112,851
2648.
/ Period End. Apr; 30—
' '
-
on
April—
Minority share Pacific Coast Cement Corp.
45,000
,
Pennsylvania RR.—Earnings-
1,068,492
.
-
payable, $1,381,288; transportation taxes,
employees' withholding taxes, etc., $358,714; accrued liabilities, $793,80Q; Provision for Federal income taxes, $246,796; deposits on airtravel card accounts, $328,110; unearned transportation revenue, $49,005; 15-year 3*6% convertible income debentures, due Sept. 1, 1960,
$10,000,000; capital stock (par $1) $477,260; capital surplus, $2,814,802;
earned surplus, $716,423; total, $17,166,198.—V. 163, p. 2445.
deprec.,
4nterest--net>«--.--—
other
2398,
pp.
Pittsburgh & Lake Erie RR.—Earnings—
LIABILITIES—Accounts
"
Prof It I fromoperations 9;;...,-
400,000
' *./.
1
aircraft, $400,000; property and equipment, at cost (net),$7,- 1
Work orders in progress, $204,594; prepaid expenses and
charges, $351,073; unamortized debt discount and expense,
$290,034; other assets; $8,751; total, $17,166,198;
-,
/ .
Net
Bond
2899.
deferred
$1,207,505
———*
162,
William
>
t'116,128
' $1,029,320
1945
1,328.208
operations
depletion and taxes
1946
2,812
279,122;
Pacific Coast Co. (& Subs.)—Earnings—
March 3W'Bales of products and merchandise & revenues
>
of
tion
i^ii^onted in person and. by proxy at the meeting were
a total of 646,638 shares outstanding, as of record date
Of May 3, 1946.—V.
C^rter.'Ett^'ed
105
sulting from carryback provision of Internal Revenue Code, $400,000;
special funds reserved for purchase of property and equipment, U. S.
Govt, securities, at cost, $2,259,000; deposit in connection with acquisi¬
Total shares
-•■V
■
and demand deposits in banks, $1,533,028;
U. 6.
Govt,
securities, at cost, $2,591,000; receivables, $1,203,268;
inventories of replacement parts and supplies, at average cost, or
reconditioned value (less reserve of $103,064 for obsolescence, $606,328;
estimated claim for refund of prior years' Federal income taxes, re¬
533,624 out of
■
.:$68,577.
2,812
12,000
$127,663■ •'
12,000
—V.
,
■
3,.526
199,185
past two years, has bfeen
l.-i,
:
BALANCE SHEET,
Corp.—Directorate, etc.—
vV-wA'*"*^-Wii}^-
^u:—-
ASSETS—Cash
Earl
?'* vv^^'
Net" Income.■
■
Balance to surplus
*$110,895
•
5,338
income-*—4^^—, ..92,578
loss
•Loss.
$213,711
Charge of Merchandising; Victor E. Semrau, Secretary
c?*?^roiier; and Stanley A. Wilson and M. E. Sears,
Bccr6t&ri6S«
....
Common dividends
S/;Net"ibs«lllS
and
Assistant
from
from
carryback prov^ of Internal Revenue Code--..
Prov. for Federal normal tax and surtax
meeting held May 21, the following
Herring, Clinton LaTourretto, Harold W.
Sanders, Arthur Stewart and E. O. Locher. Following this meeting di¬
rectors elected the following officers: Earl Herring, President; E. O.
Xoqher, Vice-President in Charge of Branches; Gunnar Edenquist,
Vice-President and Assistant to the President; Joe E. Earll, Viceelected:
were
3,093
87,740
j.
and E, P. Taxes
Preferred dividends
$1,991,667
1,880,772 -f
—$1,039,267
'
102,525
1
stockholders
annual
directors
1945
1946
$3,109,745
4;149,012
•'.
Debt discount & expense
:■
"
,
—
409,580
$370,040
__ __ __ __
_ _____ mm
211,342
; 12,669
.
—
18,215
.
Estd. Federal income tax credit resulting
26,932 /
$847,302
203.209
** **** ****-'
*» f**» ** ~
Total
$820,370 i
v
$862,114
mi* •¥-*,mm mm mm mm mm MW mm,***** **'*> m*m* '*m ****** «* — -***'
income
■.
$318,037
39,879 .\46,747
$258,376
Philco Corp.—Official Promoted—
1945
$851,498
10,616
1
—
-
'
Operating loss
Other
Deductions
1946
Total gross, income
Interest charges'
»
(& Subs.)—Earnings—
3 Months Ended March 31-"
Gain from operations beforedepreciatlon™.
Other
<•
- _
$229,821 •;
$237,331
Other21,045
$0.75
excess
Pennsylvania-Central Airlines Corp.—Earnings-
„
fLoss.—V. 163, p. 784,,
charges'..
earnings'-i-^—;;
Net'
-
profits tax for three months
is after deducting $61,500 for excess profits tax credit,
was set up as a reserve for contingencies.—'V. 163, p. 1573. :
Quarters Ended March 31—
Operating revenues
Operating expenses
$76,932^
$245,683
$176,347
$553,649 ;
including renegotiation of war contracts and conversion and read-
Justments for civilian production,
'
$0.86
'
Income
$728,649
1175,000
$176,347
-
...
;.™__
....
,
$277,662
—-r
Federal
for
i.:
Maintenance
369,000
:
.....
"Operating taxes—
Depreciation
1945
1946
$889,627
$935,644...451,804
444,984
124,630
110,821
__/•
.41,418■■. ■• 41,206
33,297
37,560
1,145 ■ ;
/ ■ 1,250; ■
revenue
Operating expense
1945
which sum
121,938
CT24.800
spec,
reserve
Spec,
<
$317,577
——;——369,000
shares outstanding
period
///$72;345/ $3,472,587
$1,449,113
;
______
Fed. normal & surtax-
Excess
Philadelphia Suburban Transportation Co.—Earnings
Gross
$1,126,819
'
88,405
207,123
553,628
;—
Earnings per share
'
pm mm mm —«—»
output of the company and its subsidiaries for the
1946, amounted to 114,628,000 kwh., a decrease of
kwh., or 8.8%, from the corresponding week of 1945.—V./
2898/
//;';/:/:;■ /■//.
Other
i——
Income
Net
Number
NOTE—Provision
>•
$619,138
79,092
222,468
—i-—
■
Provision for Federal excess profits tax
$3,382,420
90,167
$14,978
46,215
28,847
.
profit
charges
$1,112,606
14,212
—.
for Federal Income As capital stock taxes
Prov.
income
Net
$593,696
25,442
electric
11.085,000
of
amortiz.
plant
oper.
$2,007,515
894,908
income
Depreciation
sell., gen. & adm.
&
1,006,382
Pbiladelphia Electric Co.—Weekly Output—
,
/The
week ended May 25,
3 Months Ended March 31—
$7,700,889 $15,343,643
$3,513,864
-
;
v
3,622,017
Cost
;_™
$1,600,079
.Gross profit
Miscellaneous
Net sales
/>;
1945
.
163, p.
/
,
Outboard Marine & Mfg. Co. (& Sub.)--Earnings—
1946
Gross
Oppenheim; Collins & Co. has stores in New York,; Brooklyn, Phila¬
delphia and Buffalo and also operates two* suburban branch stores in
Garden City, Long Island, and White Plains, New York, and does a
large mall order business,—V. 163, p. 1732,
,
, < <■
,
Sub.)- -Earnings—
period Ended March 31— ;: . 3'
profit and income from operations
r—
Selling, advertising, gen. & adm. expenses—„
3 Months
shares out of
'
Total
Panhandle Eastern Pipe Line
Months Ended March 31—
12
1946
1945
$24,682,266 $24,142,900
..™.—™——7,986,222
6,707,691
Total gross revenues
Operations
1,141,948
:
Maintenance
Net
$8,456,187
1,244,133
0240,635
operating revenue
Interest
funded
on
debt
Other/interest/deduction A; (net) i/ii
■.
$7,452,690
Net; income;
y
CONDENSED BALANCE
SHEET AS AT MARCH 31,
.
1,475,000
$7,689,173
in
the
amount
of
$8,743,537),
Earned
/ 053,526
Total
$6,689,210
Net accounts
:
,
market-
Rovce
the
books
Jhave
explained that the corporation's accounts were carried on
both Bolivian and pound sterling currencies*
Dividends
in
paid but of sterling funds, but Mr. Royce stated that the
arrive when it would be necessary to pay some; dividends
capital surplus.
•
been
day might
out
In
of
reply
;
to
stockholder, Mr. Royce
a
time conditions
are
of dividends
a
at
declared that at the present
too uncertain for shareholders
set rate
,
to
expect payments
lor each quarter.—V. 163, p. 2586.
M»'«M>••«*»•»*• mm mm, mm mm mm mmimM■
loans,
investments,
charges
5,691,075
368,632
80,423
; 10,270
:
Goodwill
1M*
mm
129,318
157,957
2,429,376
■
:
.
—
Total fixed 'assets
:
■.}
etc.—...™...
Total deferred
*
mm mm mm mm mm mm mm — » » mm mm mm mm mm mm mm mm MM mm mm *m m» mm mm M» mm mm mm M
V/"
■
^
$12,819,000
-
Reserve
reserves
: 910,000
—114,818
50,000
Capital stock (par $5)
Capital surplus
—
Earned surplus
Total
—V.
163,
'
——;
2731,
74,554
$32,240
1,
on
July, 1, next/through
its 20-year 5 Vfe%
1964,
at
100
and
Bef. Inc.
'
Income
Aft. Inc^
and Prof.:
and Prof.// and Prof.
Taxes •;•'.•/
& Reneg.
& Reneg.
Reserve
$746,000
; $547,000
2,857,000
2,089,000
-
12
'
Ended March 31,
Mos.
'1
1945
*
?
»
& Reneg.
.
Reserve
;
.
$199,000
768,000
1
Brothers & Co.» Ltd.-r—Bonds Offered—Royal Se¬
159,659
/
.
first
$9,835,000
/market
/of 1946 at 101
mortgage
and interest.
scribed.
bonds
The issue
3V4%
was
series
oversub¬
-/';';';//-/-/
The bonds
dated June
1946 consist of $3,000,000 serial bonds du©
and $6,835,000 20-year bonds due
semi-annual interest (June 1 and Dec. 1)
payable in lawful money of Canada at any office of one of the
company's bankers in Canada.
Coupon bonds in denominations of
$500,000
/ June
110,368.
1,950,(H)0
Wood, Gudy & Co., Ltd. and W. C.
offered in the Canadian
curities Corp., Ltd.,
Pittfield & Co., Ltd.; recently
; 1,225,000
• 120,378
50,000
53,186
.
■
cumu¬
interest.
.
$500
.
49,400
49,4"004,909,895 V 4,131,580
$12,819,000 $12,020,627
p.
166,605
4,456,506
First Quarter
:
1
343,000
137,000
211,000 '
314,576;
12 Mos. Ended March 31, 1946—^
2,041,000
1,378,000
663,000
62,725
As of March 30, 1946, the company sold its- Vermilion Malleable
10,260
:>.#-239l
Iron Works. The products of this plant were not related to the busi¬
ness
and it was believed wise to dispose of the property when the
578,294
opportunity was presented to sell it at a saitsfactory price.
The /
170,043
/earnings of this division are included in the figures for the first
2,571,376
/quarter but, except for concluding operations, there will be no further
'\f > #;• ' *•'
'/
:: reflection of its accounts in the statements of Poor A; Co.—V. 162»
$12,020,627
p..2685. ;
?
'
53,186
.
1,950,000
-
-
Reserve
194g
——»—«
possible losses on educational loans
Employees retirement reserve
—
*
Miscellaneous
Jan.
,
!
Price
for
/
-
Company—Earnings—
^
_____
payable (net)
Mortgages payable
due
-
—
Notes
redemption
for
fund, $174,000 of
1945_
payable—trade
mlrn mm Mmmmm
mm mm mm mm mm — mm mm
$1,590,359 $1,255,879
payable—miscellaneous
354,745
315,243
Dividends payable April 1st—common stock.
;
156,000
156,000
Salary and wages due and accrued
146,889
101,263
Accrued taxes, Including: state income taxes.™
;
217,036 ,222,981
Fed. income A; excess profits tax for year 1945 / l,877,464
.1,759,094
Estimated Federal income tax for 1946—.—__ /
279,546 /
520,252
Accounts
called
41,689,,
LIABILITIES—
Accounts
has
debentures
First Quarter
;
M—
-
$656,832
,
109,335
!
'
closed banks
Cash in
Total
stockholders at the annual meeting held on May 28 approved
amendments to the by-laws, increasing the number of authorized shares
lrom 2,500,000 shares of $10 par value to 5,000,000 shares of $5 par
value.
At present there are 1,330,316 shares of $10 par value out¬
standing, having a stated value of $13,803,160.
/
The stockholders also approved a credit of $6,901,580 to* capital
surplus, which amount represented the reduction In (par value.
Alexander B. Royce, Vice-President and General Counsel/ declared
that the company had no plans for the disposition of any of the
additional, shares, created, but he stated that such stock would be
Mr.
110,865
,
*
Merchandise in transit
Inventory of supplies
Contract deposits
The
■
-
a
;
;
- -
and savings bonds—revalue^-_;._ii._.-^.fc/^—
at, the lower of cost or '
i
/
demption
of
common
periods
the
of the sinking
income
Poor &
1,568,799
demption value
TJ. S. Treasury bonds
Total
-
1,362,920
.——
■
'
to
Payment will be made at the Guaranty Trust Co. of New York, trustee,
140 Broadway, New York, N. Y.—V. 163, p. 2732.
$2,136,782
Merchandise inventories
Enterprises
with the transfer to capital surplus of the $6,901,580,
$2,416,550
61,610
^
L
connection
receivable
preference, stock
-1945
1946
/ 1
,
II. S. Treasury series C tax savings notes-*-re■>
Consolidated, Inc.—Re¬
duces Outstanding Capitalization by Reducing Par Value
In
.
on
income: applicable
for
company
operation
$4,131,580
$0.63
$4,909,895
—$1.17
Total1 cash
;
-
income
Hie
156,000
COMPARATIVE CONSOLIDATED BALANCE SHEET AS AT MARCH 31
,
net
442,277
$709,294
Partial Redemption-
1,918,012
156,000
ASSETS—
500,952.
$6,205,592
————
Earned surplus as at March 31st
Earnings per common share—
$16,883,014;
available if in the future any occasion should arise for its use.
of
stockholders of subsidiaries
$246,968
5,958,624
$5,065,895
value
$1,374,882
50,269
173,041
$823,438
accrued
Dividends
lative
1, 1960, $12,000,000; mortgage bonds, series C, due
$8,250,000; mortgage bonds, series D,* due May 1. 1965.
promissory notes, due annually each Dec. 15, 1946 to
Dec. 15, 1955, Inclusive, $16,000,000; accounts payable, $664,240; divi¬
dends declared—preferred stock,
$140,000; matured long-term debt,
169,318; accrued taxes, $3,031,942; accrued Interest, $343,476; other
current and accrued liabilities, $18,012; deferred liabilities, $1,811,626;
reserve for depreciation, depletion and amortization, $23,436,663; other
reserves, $1,228,220; total, $128,506,510.—V. .163, p., 2585.
of Shares—
$456,101
4,609,793
of period
Cash dividends
1962,
&
period
beginning
surplus
over par
$10,000,000;
Patino Mines
*
taxes..
income
Net
Excess cost of 100,948 shares of treasury stock
1946
series B, due Nov.
1,
Total income
$1,597,986
(net)
—...
82,726
Depreciation, depletion and amortization..^
/. 190,869
$802,423
35,202
147,900
372,351
$771,563'
35,914
279,546
income
surplus,
$1,136,007
238.874
Interest paid
Net
4% cumulative preferred stock-($100 par), $14,000,000; mortgage bonds,
Jan.
55,833
Net income for
1,053,489
LIABILITIES—Common stock (1,620,000 shares no par), $20,250,000;
Paid-in surplus, $280,000; earned surplus (restricted as to payment of
dividends
$746,589
71,280
$1,340,443
257,543-
Income
Portion
ASSETS-^-Gas
stock
$700,282
■•—
to income
Estimated Federal income-tax—
....—,
Estimated Federal excess profits tax (net),—
and:
common
—
——
Operating profit
Other
7,752,585
Miscellaneous charge
plant, $113,634,146; Intangibles, representing gas sales
purchase contracts, etc., $583.0*8; other investments, $94,745;
cash, $4,315,784; special deposits, $375,997; Temporary cash invest¬
ments, $3,250,000; accounts and notes receivable
(net), $2,178,089:
material and supplies, $1,604,263; prepayments and other deferred
charges, $470,448; total, $128,506,510.
.
$8,499,175
;
9',41$,636
income
Total
.
vv—•
gen,
Provision for Federal and State income
for deprec,, depl. & amortiz
3,785,199
3,512,957
Taxes—State, local & miscellaneous Federal—
997,707
1,023,052
Federal Income taxes—: / X315,000 Jt 2,660,788
profits taxes
$10,116,918
—
Operating profit
Other
1,074,237
Provisions
Federal excess
stores income
Cost of/sales store operating; Iwarehousev
& administrative expenses ———
Co.—Earnings—
and
:
Principal
1,
1947-1952
and
.
as to principal only.
Redeemable at the
any
time before maturity on 60 days'
part at the following prices: (a) as to the
20-year bonds, except for sinking fund, at a premium of 4% up to
and including May 31, 1947, the premimum thereafter decreasing Vs
of 1% each year or fraction thereof;
(b) as to the 20-year bonds,
option
.
annually, June
1966.
notice
of
as
$1,000 registrable
the
a
company
whole
or
in
at
•
THE COMMERCIAL & FINANCIAL CHRONICLE
2998
.
.
,
New Preferred
•
Issue Approved—
The stockholders on May 20
Maintenance
Federal
Other
taxes-
./
$626,272
.)
'
,
Balance
March 31—
•
,
4945
-
,
amort
-
Balance
;
/
74,587,
191,950 /" 2,309,464
income tax
$344,006
:
$4,389,189
resulting from
of excess profits tax Credit
"carry-over"
-
$6,353,374
2,288,819
/jmV
iLi;/V
.
<m
bonds
Federal income taxes, etc. tFor the nine months
ended March 31, 1946 .provision has been made for Federal income
tax of $3,455,700 and* Federal excess profits tax of $639,000; 1945
Federal income taxes of $10,410,000 and excess profits tax of $909,000;
1944 Federal income taxes of $10,020,000 and full settlement of patent
♦After depreciation,
dividends paid
-V.
-"r-r
163, p. 2013.
Puget Sound Pulp &, Timbfer Co.—-Earnings
Z;/-*/;
'Quarter Ended March 31— • v/?':
Pulp production, tons—
Pulp sales, tons—
i
■'•//./'
-
...
exclude earnings of Procter & Gamble Defense
Corp. and the earnings of the English and Canadian companies,'except
as they have "been
made available 1n United Btates funds.—-V. 163,
p. 2446,
'
'
* '
"
NOTE—All
figures
Alcohol
:
Public Service Co. of Colorado (&
267,160
501,088'
486,107
repairs
——
*
Provision for .replacements'
'
Taxes (other than income) ————:—
;.v
Prov. for Fed. inc. & -exc. profits' taxes——-it
Provision for Colorado State Income tax—— /and
'
3,232,982 t
192,775
-
V
;/'
853,248
55,065
Net
470,287 f
1,317,827 Z
Other Income
25,289
Dividends applicable to
511,072
•
/'" NOTE—-For
possible
order.
to
mechanical
position
us
,
possible,
Sleeping car operations:'
always
in. exact - alphabetical
reasons' it is hot
companies
arrange
.
Berth
,
LIABILITIES—Accounts
on July 1, next„ at $106.50'
and dividends, 1,050 shares of 4Vz% eumuiative -preferred
Payment will bo made at the Manufacturers Trust Co., 55
Broad Street, New York, N, Y. -./ v.
Holders of the certificates representing the Shares for redemption desiring to receive immediate payment of the full redemption, price".
/.
last
'
•» -
^
-
revenue
Car-mileage revenue —'.
Public Service Co. of Indiana, Inc.- -Earnings—
Contract
— m*
immm,
«■»««. mi mm ml
•
$6,954,397
Operating
revenues—_'
Operation: '
' v
=
Power
purchased—X
Other
operation——
Maintenance
State,
local
Federal
,
1,982,091
i
356,543
——
ProV, for /depreciation-.-
1,349,703
8,083,435
1,763,464
2,829,252
441,652
222,656
2,001,630
318,728
733,050
694,799
558,707
\
! 556,223
^Maintenance of cars
All
;
-"
,
Net operating
■
-
-
$3,081,808
income
Mia&A
-
-
$2,993,3.62
459,873
Total expenses
Net revenue
$3,128,804 $10,772,487 $11,211,814
water & ice
for
properties
periods
of
/347,892.u -l 834,4831,139,787
1945
in
.
.
;/
Total/deductions
326,496
133,477
;
Total met
/
-ITaxes
:
$1,969,443
1,338,113
631,330
{or deficit)
revenue
accrued
—
Operating income
.
Dividends
Federal
Fed.
profits
♦Special charge
exc.
Net
tax*_
income
2,500,000
'■
(or loss)
$3,126,839
—V.
2,238,039
888,801
-
$2,109,808
16,119
$2,125,928
557,206
■■
—-
10
■
Payroll .-Taxes/^!^2^^i/^_:
U. Si-Govt, income & excess profits taxes
i
.I#.:
"
,«i ■■■■■
hi.i
r;
r
n
...
$6,178,678
-2,559,300
$947,181
$1,568,721
$3,827,361.
refunded
in
1945,
.,
-
BALANCE
SHEET
MARCH
'
31, 1940.
lems.—V.
ASSETS—Utility Plant, $109,833,826; investments, $8,708,116; cash,
$5,006,429; U. S. Treasury obligations, $3,460,000; .Special deposit for
payment of preferred dividend, $185,232; accounts receivable
(net),
$1,646,313; Materials and supplies -priced at average cost,-$2,589,618;
prepaid insurance, taxes, etc., $263,536; deferred debits, $972,646; total,
$132,665,716,
r
t
^
stock (par $100), $14,818,590;
(1,107,777 shares no par), $27,694,445; first mortgage
bonds, series F, 3%%, due Sept. 1, 1975, $48,000,000; unsecured motes,
$12,840,000; unsecured motes,-maturing Within one' year, $1,078,000;
accounts payable, $975,821; dividends payable June 1, 1946, $683,732;
Customers' deposits, $622,244; accrued taxes—State, local, etc., $1,869,850; Federal Income and excess profits taxes, $3,807,172; acorued
interest, $316,561; miscellaneous current liabilities, $55,420; deferred
credits, $748,961; depreciation reserve, $10,873,292; provision for con¬
tingent Federal income and excess profits taxes, $5,456,086; miscel¬
laneous reserves, $249,025; contributions In. aid of construction, $63.1,091; earned surplus (including $1,OO0,000 restricted by order of the
SEC as to dividends on commoft stock), $2,147,424; total, $132,665,716.
LIABILITIES—5%
Common
—V.
cumulative preferred
163, p. 2732.
"
■
Operating
income
Net
.
*
$812,074 $10,574,950
5,224,831
-
Gross
1,184,985
■//':' From
Jan.
Gross
Net
from
from
Net ry.
1—
G^oss
$352,578
$4,165,134
$3,353,567
Br376
income/
$339,160
57,740
deductions
.
$352,202
64,277
89,473
29,600
Non-recurring .deducts.Fed.
taxes
on
y
railway*,—__
income—-
Gross/profit—
Depreciation M <*»
.
8~9~700
income—
39,026,630
12,388,473
~ 5;089,045
38,628,853
11,150,244
4,415,694
//
I--Z.1944
$550,556
*,
—
*- A.'«m w *•'^1* Si*"*"' ?.*
~
-67,584' /
a
Disct.
•
$508,550
55,902
8,989
9;580
■112,691
; "
847
9,769
v.
Z
-
$4,165,981
$3^63,336
788,722
715,788
810,689
631.900
359,128
Z
357,892
^ 35,626
$177,652
,
to
was
announced
President
/
^
r^*:- ;/'
Co.—-Earnings—
1946
.
expenses,
1945
$11,352,741
8,488,592
297,100
$8,066,370
5,849,715
247,084
-
incl.
1,754,415
profit
1,156,809
on
purchases, int., other income, etc
/v
Earnings per
111,216
-$37,714
■
,
;/'/■ 42,000
,*
- •
$113,332;
plant
and
j'-i-'nCV'r'
1
'KJ:' '
common
$812,762
31,191
;/K; 33,242
♦>
$845,876
$843,953
250607
371,806
$474,070
63,506
/
-
share—
■?: $378,996
;:'J Net
Pfd.
income
stock
div.
$191,720
55,816
^
require.
ASSETS AND CURRENT LIABILITIES, MARCH 31
1945
,
82,029,571
55,816
669,797
$1,835,627
669,797
$135,904
$113,036
$1,359,774
$1,165,830
$40,732
.
.
Sioux City Gas and Rlecttic
\
12 Months Ended
Operating
equipment
Provision
LIABILITIES—Accounts payable, $117,051; accrued liabilities, $18,244;
for taxes/ $124,881: capital stock (common, 60,000 shares, $5
Prov.
1946
1945.
$4,093,912
—
$3,891,619
1,497,101
1,692,438
—
Maintenance
Taxes
Co^Earnings-*
April 30—
revenues
Operation
(after
reserve
surplus/ $571,586; total, $1,131,762.—V. 161,
163, p. 2386.
Calendar Years—
~
"
r
.
(N. T.)—Reorganization
Plea Referred to pofpree—
:
Jodge Simon H. Rifkind in United States District Court in New York,
Y., on May 20 referred to' Bankruptcy Referee John E. Joyce a
petition for reorganization filed by this corporation, publishers of the
magazines "Facts" and "Read." Under the plan the company proposes"
to continue fulfillment of 86,000 magazine subscriptions, representing a
N.
liability of 72 cents each, and to pay in full magazine creditors with
deposit with the registry of the United States District Court
In Washington. D.C.
All other unsecured creditors would receive, preferred stock bearing
3# interest to the full extent of their claims. The preferred stock
would be retired by a sinking fund created by earmarking one-third of
1809;
177,298
—
,
for
depieclation—i——
other than
Federal
income
293,930
taxes—..—..
for estimated Federal income taxes—.
,
^
154,553
-
291,097
/
483,707
588,761
-
186,921
268,196
$1,254,562
149,926
Net earnings from operations..Other income
(nej;)—^-.—.—!—
Report-—
-
Gross
$1,196,963
132,553
v
produced —.—5,649,800
Operating profIt:
$997,108
Other income
*—190,709
profits.
.
V,;
,
!/ n-t,;/,.,,;.
f/.i/
ii. '
-i
>:■»
»
A .^1
»♦!
I
nai'ft
«^l
$1,329,516
306,722
360.000
10,618
4,733
840,554
Provision
for
:
Income -taxes—'-——
•
for special charges——.
Minority interest in profit of subsidiary^
Provision
■
4,578
Charges /*.!*../—/.l./.i;
Amort, of util. pit. acquisition adjusts./^
/
Interest charged to construction—
283,798
37,357
258,713
37,357
•
n"396
11,650
-
■
■
Transferred
to
earned
Common
surplus..—$802,789
paid.:
dividends paid
$1
96,660
—i—--"193,784/-..
,265,264
96,660
/ 96,892
The company acquired the property of the Big Send Coal
Mining
Co., situated in the Nanty Glo field of Central Pennsylvania, at a -cost,
,
Cr6,8l7
Cr240
$652,859
•The special charge In the 12 months' period ended April 30, 1946
the estimated reduction in consolidated Federal taxes
Income resulting from deductions of costs applicable to refinancing
Of bonds and that In 1945 is equivalent to the reduction of such taxes
resulting from, loss on sale of railway property. by a subsidiary com¬
pany,
The/classification of these special, charges under "other deductlons" is, required by a regulatory commission and in the opinion of
the company,
in which their independent accountants concur, the
is equivalent to
on
Preferred, dividends
.
-^rl
/!■
.
:■
<, I.J,,
(\
..fxu
16,250
$768,076
Net income
500,000
:
•Special
prem. & expense
/:/
^
J?),
'
$1,404,488
long-term debt—..———
"
f?
iHi'
213,687
Total profit. —i-/—-f——
Non-operating expenses
116,506
funds on
the annual
i«ii
—„
on
Amort, of debt disct,
$2, 831,155
103,861
269,771
i
(net)-.
Interest
6,921,528
$2,714,649
$1,187,817
income
Hi
Interest oh unfunded debt—.....-J/
.
1944
Tons
Publishers Service Co., Inc.
p.
1945
"
-
*
-
"
Rochester & Pittsburgh Coal Co.—^Annual
Balance
—V.
$168,852
63,503.
/
$410,564 ; $315,493
804,782 /
667,942
\
$0.51 -;
$0,47
.
depreciation reserve of $616,541), €231,350; deferred charges, $23,287;
goodwill and trademarks, $1; total, $1,131,762.
-,
/.
.
».
,
par), $300,000;
V. 157, p. 1749.
214,350
v
Current assets' $10,526,780 $10,342,909
Current liabilities —
——3,206,597
3,031,561
-rV. 163, p. 2300i /
,
/ ♦,-■/;:
,/ ,/ -.
,/:•/// ;/-
ASSETS—Cash, $397,870; U. S. Treasury notes, $111,867; accounts
(after reserve), $91,336; inventories, $162,719; non-current
receivables,
:
'
$82,732
48,000
$37,837
$35,692
»-i.
/
Z
$812,634
II
•
on
1942,
Vice
Net earnings for common shares/-^-!—"
Common, shares outstanding-^—
receivable
and
stook
1
12,595
•'
BALANCE SHEETt DEC, 31, 1945
:
$213,278
35,626
K
earnings
Dividends on preferred shares.,—
49,163
$85,837
-
Balance, surplus,—-
H 135,857
$203,160
■
Net
222,584
'7,779
114,563
-
/
$85,714
$83,692
48,000 V / 48,000/;
—
diva, paid—r——-
$349,135
;;«"$238,7M--#
Earnings before taxes on income——
Prov, for Federal and State income taxes
Prov, for Federal excess profits tax
$478,290
$503,513
53,801 Z
"
124,881
Employees' retirem't an-, f
nuity fund contribsFed. & State taxes (net)
Cash
r
5.936
.
*'
:\/v/'. / '
common
7,079
946.
p.
:V'
1942
'
242,533
263,388
-/Net income—-
^ ift,
stock/—-——Lj-—
Distribution, admin, and general
/ freight paid on products
Gross
39,021,597
13,587,902
7,159,155
---1943
246,665
•Commercial expenses-
,
:
$487,061/
248,273
':
1945
-
•
** OMkAW
Depreciation.
;
Robertson Paper Box Co., Inc.—Annual Report-
A. JwteW
650,526
/
$479,982 / $343,198
/
Mater;, wages, salaries, repairs, local taxes, etc.
—V.; 163, p. 2447.,
calendar Years—
' w *• .MWAtok. ♦««I4
Scott Paper
$9,620,341. $10,242,096
3,117,520
3,757,002
1,251,969
2,037,333
1,154,832
32,960,396
4,754,506
M,722,897
oper.
622,296
/
the, age of :-72 years**-W^183/ p.; 2899/
1^49
1944
$9,883,298
2,904,980
'"Z '
"
railway
investments
Total
1945
361,935
1946 ' -'"'i "''■1945:"::''-;"
$993,725
/$!;102,278
mm <*
'3 Months Ended March 31—
200,530
ihcome™
oper
1,204,309
$339,702
0r42
(net)
98,529
.
the cor¬
civilian personnel prob¬
>y
682,903
railway
railway
ry.
•including bonus to. executives.
ting income
Income
from
Net from
Net
$9,772,545
5,214,669
101,482
opera
on
'.752,300
■/-:
.
Net sales
1946
$7,456,151-
April—
1946—12 Mos—1945
400,613 /::/ 360,967
■„
Non-oper.
1946—Month—1945 i
$841,297
revenues/„*-/'
of War
2732. '
p.
'<*«.
-
,
taxe^oos^income
Z
preferred
CURRtNt
Public Service Co, of New Hampshire- -Earnings^-
Operating expenses i._/
Taxes, other than Fed.
163,
h
181,836 V
;
when he left to serve in the Army.
He was
on his return to Schenley in August,
1945,
terminatittg hifr military service as a lieutenant-colonel.
Z
Z»;
//In resuming/the post of Treasurer, Mr.1 Becker
replaced touis A.
Keidel, who in 1942 assumed the - active duties • of Vice President - and
Treasurer for the period of the war, and who retired last month; at
Reading Co.—Earnings—"
stock
Period Ended April 30—
■':.
pert Consultant to the Secretary
'
163,
elected
Radio Corp. of America—Personnel Director—
$3,108,672
661,475
114,439.
^/
on
from" 1939
poration's RCA International Division. He was formerly. Manager for
Personnel of the Vick" Cheraicai Co.. .and during the war served as ex¬
portion of premium and expense applicable to long-term debt
♦For
488.478
.
591,329// 1,603,265
t
163, p. 2013.
$5,667,972
2,351,316
$1,590,626
'. 643,445
—V.
„
187.418, V
22,254
1,444,233
Mr. Becker, who joined the Schenley organization during its; forinative period in 1931, has been active for a number of years in the
company's- -financial administration, and
previously was Treasurer
M in »■
,
John E. Eoster has "been appointed Director of Personnel of
income
Net
ii
434.369
569,478. /
-
123,880
1.368,810
Sidney B. Becker -has been elected Treasurer,/ It
668,795 ^^ 878,605
pepreciation adjustments
.$1,562,697' $6,095,970 $5,560,449
27,929 82,707.
107,523,
.in.
Int. and other deducs._
:
-
1943
$431,040
244,141
;,Sphed[ej .'bisWRett:;;Ctorfc;^N
/
:/-»*InclUdest./ ^
Depreciation
t Includes:
(net)
Gross income*
1,060,133
5,731,020
1,583,000
1,128,000
1,708,000
—
,
operating income
Other
206,000
972,000
_■_>,/#!_
income
4
v
;/:;30,45i/^:
1,113,776." ; 1,263,385
ea me
-////;
Balance available for
,
/ZzTotai/Z-;!!/^^—^!z,$3,08i,808Z $3,476,697 $11,306,970 $12,351,602
/
Net.: income
,
/
to
prior
sale
319,116
101,509
;
,
145,134
Balance before deductions—
$1,867,934
Net oper; income of gas,
dates
deficit)
Net revenue f Or
\
oJem I
■
/
Works—Earnings—
operating profit
Non-operating Income
Tptal ^evenues^i—420,628
2,040,595
2,095,551
- ~
—
3,634,985/ 3,775,075
441,014
Crl59,124
6,387,258
5,144.210
615,158
575,618
.
1944
$328,532
12 Months Ended March 31—
z
maintenance
Conducting car operations
General expenses
1,433,952
2,727,379
miscell.
&
taxes
other
~
By.'—Earnings—
$352,877
147,570
33,052
.-Operating revenues
Oper; expcnSeSj kdepreo,; JrFe^
':.TotalvrevehUe^-^!™^:™!.I.di-;^li!!'$12;946,349'::.$l2,329,(42;
1,851,519
7,641,186
'
/V
•
-.
J
San Jose Water
JDr850,000 Drl.310,297
1946—12 Mos.—1945
$7,122,300 $26,893,895 $26,906,447
-
1945
income—
oper.
ry.
12,500
173,603
271,110
.
i.
revenue
•
♦Dericit.^V. 163, p, 2448.
-
1946—3 Mos.—1945
Income..;!
Gross from;
8.691
,
2184.
p.
$260,535
16,947
♦24,936
reiiwayiw—.'
railway—.—
<Net iry; oper;
'. /
€33,822.:
,
163.
1946
railway
' . .
$12,889,435 $12,810,823, /; Net from, railway^!—_
Net
;
'
certificates.—V.
From Jan. lr-
1945
,
such
St. Loni»-San Francisco & Texas
Gross front
"
1946 •/
/
.
per ahare may at any time do so upon presentatioii and
r:/-;;
Net from
»m-———»—
Period End. Mar. 31—
share
per
stock.
year,
-
,
,
$0.26
:
week
Beat' revenue-'€98,503
Charter of cars
<
j 28,775
Miscellaneous revenue,--—
;v..
8,627
alphabetical
However, theyarealways as near
reserves
The company has called for redemption
v
REVENUES AND EXPENSES OP CAR AND AUXILIARY OPERATIONS
>
quoted, market)'
,\
/
(The) Pullman Co.—January Earnings-^-./
'
(no
(Jacob) Ruppert/—Partial Redemption—
•
>'
eost
of
Engineering & Service Corpv-4-Output— $ of $107.62^
surrender of
Month of January—
companies^-afc
■
326,939
*
99,555
$490,705 f
/
:
Vvv
J: $85,382
.
$0.24'
pared with 189,486,000 kwh, for the corresponding
an increase of 1.5%.—V. 163, p, 2899.
other
of
/■
^Commencing March 2.—V. 163> p. 2164.v
.
stocks
notes receivable from associated company, $194;6Q0; miscelreceivable, $45,757; property, plant and equipment
<
$77,495
326,917
X
■
$102,201
;i
16,819
$94,308
X 16,813
_
Inventories, $2,727,464; u. 3/Treas-
purchase
Electric output of the operating companies served by this corporation
for the week ended May 25, 1946, totaled 192,252,000 kwhv, as com¬
<
$596,261
.
$1,211,310
U——--IX.
surplus
z
$1,311,023
/ 99,713
preferred stock.
v
requirement
Public Utility
; 494,222
49,284
57,372
v
Net Income applicable to common stock--/—1
shares outstanding
i—
Net profit per share of common stock—
v
$1,107,333
Total of interest and other charges——
Balance
dividend
8,585 /
r
.
$1,805,246
1,006,852
...iX;
—.
Common
r
t
XXX
X
expense
_L
profit
Preferred
507,999
$1,098,747
$1,789,793
/// 15,453
and other
._
Provision for Federal taxes—
$6,845,008
2,806,221
Operating expenses
——
other revenue—
of sales
16,636
;■
337,617
H 348,542'
$1,207,816
X
;
—
and
Depreciation ——!
?
1945
1946
$6,758,684
Gross, operating revenues
Maintenance
Cost
SubsA^Earniiigs-
March 31—v
3 Mos. Ended
?
?
Net sales
$4,534,701;
,
'
1946
X'- 15.403
production, gallons——
gallons!—
Alcohol sales,
,
•'
payable (incl. $991,211 to associated c6fn- i
panics), $3,018,530; accrued payroll, $360,149; accrued: taxes (excl. of
;i; taxes on income), $129,315; accrued interest,. $23,451^X1, S., Canadian
/: and State taxes, on-income:(after deducting-U. .8.
Treasury tax notes
/ held for payment of taxes of $240,1C6), $54,148; workenm's oompensa:i945
tion awards and) pending Claims' inoluding" approximately- $145,000 in
/
23,088 •S excess of all known claims,/$360,0Q0'r long-term debt (including $107,000
;K 23,569
due in 1946), $1^15,500;- reserves for deferred repairs and* mainte*■103,681 ■: toance, $207,176;^ reserves; for etnployees' retirement -plan; $200,000;'
:
*51,962
reserves ifor
contingencies, $109,050;. mlndrrlty interest in Subsidiary
$1,593,889 '/ companies,: 890;879; I 5% preferred stock (par value $100 per
share);
1,242,342
$1,933,200; common stoeki no par value (stated value $60. per share),r->124,433 :
$11,627,040; capital surplus, $2,190,535; earned surplus, Since Jan. 1.
124,913
1939,Z$4,132.247;. total, $25,747,919.^-Vc.lWr ,-p. 1845.. / - /
$4,221,393
$3,701,689
••
litigation.
initial
an
for depletion of $5,728,351 and reserves for deprecia¬
$11,776,359),
$14,150,187; unamortized .difference between
money
mortgage: payable in annual installments: without
interest and amountthereof charged, -ta properties, $158,299;
prepaid ^
royalty, $91,680; prepaid insurance, taxes, and other expense, $163,960: 1
total, $25,747,919.
>
«
\
:
(after
/
$4,908,893
,687,500
$4,389,189
€87,500
.—
Balance
///
thereto, of $175,000.
The ^Blir
approximately 3.300 acres of "B seam*
to
accounts
laneous
tion
844,338
$22,997),
and
% $61,814;
■'
,
;
•»,*» —
of
reserves
$4,064,555
„
— -*>
-
Prior preference
appurtenant
access
ury bonds deposited with trustee to guarantee payment of workmen's
compensation claims-—at
cost
(market
value
$365,175), $360 000*
./ investment' in unconsolidated Subsidiary - (100%
ownership),. $40967;
/
Balance
V 15,061,909 114,662,978 113,884,014
share—. ... $2.33
$2.22
$2.10
*Consolidated net earnings—*•
Earnings per common,
affords
/
/
,
$6,698,653
$535,956
$438,463
Reduction of Federal
1944
1945
•
$6,465,055
111,681
$6,773,240
Zv
/
Subs.)—Earnings—
Procter & Gamble Co. (&
9 Mos. Ended
7,102
$626,640 Z
188,177
—
and
Interest
■
'
.
$543,058
Cr368
:,
outstanding 58,137 shares
163, p. 2732.
197,000
<:<; 293,400
i
oper.
other property
mine
coal, which has been leased to R. & P. C. Co. and
.
I945:;f/"S
145,293
,
,
approved a new $5,000,000 issue of $100
issue
new
income
taxes—.—
Net
1
-
■
Depreciation
Bend
expendi*
$2,364,047 $28,956,719 $26,967,876 > ture of $375,000 for the rehabilitation and
improvement of the min®
11,339,030
10.413,738
917,634
has been authorized by your directors.
^
'
2,035,380
1,694,313
154,949
135,548 : 1,664,533 ' 1,576,972 I-i"; / ;, vCONSOLIDATED BALANCE SHEET, DEC. 31,
.V
339,730
3,840,777 : 3,855,476
f
ASSETS—Cash On hand and on deposit, $1,348,868; U. S Treasury ;
3,303,759 V 2,962,322 ■j. securities (at cost), $1,869,624; accounts and notes
273,128
receivable (after
1,038.217
'188,735
—.—***
/
1946—12 MOS.—1945 /
:
$2,488,917
Operation
cumulative redeemable preferred stock. Public offering of the
was made on May 21. The proceeds will be used to redeem
of 5
$100 par preferred stock.—V.
par 4%
the
;■
revenues—li.
Operating
,
.
'19464-Month—1945
Period End. Mar. 31—
1%
•
including
Puget Sound Power & Light Co. (& Subs.)—-Earnings
sinking fund after May 31, 1953 at a premium ot IY» % up torrid
May 31, 1954, the premium thereafter decreasing 1/10 of
each year or fraction thereof;
(c) as to the ■ serial bonds, at
declining premiums, varying as to the bonds of each maturity; in
each case with accrued interest to the date fixed for redemption,
trustee: Montreal Trust Company.
■■■•/ .//
.
.
In the opinion of counsel these bonds Will be Investments in which
companies registered under, The Canadian and British Insurance Corpanles Act, 1932, as amended, may invest their funds.Z /
for-
Including
Monday, June 3, 1946
hk''/;//_ j-:f'.,<-7 j:
r
t>/L,
.
Vbinme-163
amount
of taxes chargeable to
thesa-special,-items and to do,
from
n.
operations, and
gage -4%'
2%%
series
due
1975,
stock
of
tional
of
shares
;6tpck
'
trust
3.90%
value
sold
of
share, which
per,
Other
™_
physical
Total
demand
(Alexander)
,
Smith
Accounts
Sons
&
Carped Co.—Stockholder,
Void Stock Offering-—:
receivable, 'other
'
In
suit- waa lnstituted
a
in
is
f 'r
—_
the
caused
for
by the
month*
many
r* •*»*»• ye
of
the
we
in
the future
dependent,
are
continue
coal
strike, .will
the
after
acute
STATEMENT
disruption, such
felt in one way or
be
phase-
OF-'CONSOLIDATED
less
of-the
PROFIT
-
situation
r
LOSS
.
1946
returns^
1945
allowances* andr discounts $10,750,814.
Cost ot goods sold.&
Depreciation
AND
ended March-31
: c.:..
Sales,
and
any¬
major
present
VFoe-the-three months
:'i
admin., sales Ac
and
amortisation
Not
10,592,590
serv. expe,
Stated
410,666-
•
-
685,201
.
"TV
i
+
0
,
;
Profit
Other
*
,
.
'
'
-.
-
-
from
operations.
Dr$252,442
_T_.
income, (net)^_T:.______v„^_,
Total
.
-
ta predict
;
..
•
effects
.passed.';-.
the- Supreme Court* of
»
attempt
any
whose, operations
upon
But
being
another
.
May, 1946,-
factors; which cloud
guess.
is
as
3,361
——^
53,000)
53,000
Prepayments,,-unexpired Insurance premiums
25.923
31,080 f
Total deferred charges
the
40,480.
J 64,35k
State of "New York by Gertrude W. Law, suing in her own behalf and ,,^
Jptbehalf at all other stockholders-of-the-companyrsimilarly- situated
$14,506,189 $20,275,137, J
j
..and-i» the right,of the company,-against the-companyy its directors
LIABILITIES—
theipartnera-of Morgan Stanley & Co. and the partners of Dominick «fc
7% preferred .stock/—/i
$4,251,600
*4
Deramtok/(Gertrude. W. Law, plaintiff, v. Alexanderf Smith &- Sons
y Cldss A- common stocky.
2,750,000- v.Carpet Co. ettaLr defendants)^ .The-substance-of-the< claims alleged
Class B common stock, (75,000-shares, no par),
750,000
in the complaint is that: (1)
the company was improperly deprived
Common stock (447.160
,'.y
shares, no par)——.,. $2,277,500
of. an* amount in excess of $1,500,000 by. reason of the sale of the
..Total long-term debt—
6,517,069
5,892,118/
50,000 shares -,oi--3cumulative preferred stock and the 158,312% Serial notes, 2% %, due 1945_w—_!™™——— ,//
120,000
120,000/
-shares of common stock-at prices which are alleged to have been less ;
!
45,898.
63,174,
xthan their fair rnarket values;- -("21 -thai* stockholders controlling the vt Acpouuts.; .payable:*
.-/Dividends payable, on oommon... capital stock—
company schemed-vwithr ihe. defendant directors and other defendants
; j
payable ^January 15/. 1946-—_
'•»' 'J
55,895>
to deprive
the plaintiff-^and. other/stockholders of their preemptive
Customers'- ..deposits;
109,784 S 112,995, J
^rights to purchase pro rata the: new stock-so .that, it .could be. publicly'v*
Accrued salaries and, wages iu
68,002. •; / 35,651... V
sold to provide a.-ready/market for the, sale, of; stock by. said con- •?
Accrued.. taxes:. ,1
525,464, / :• 687.849. '•/;
trolling stockholder?, thereby, damaging, plaintiff, in the amount of,-,
Accrued. municipal franchise* requirements
36,855
34,779 i ;
$100,000;/and (3 X that the-amendment to,the certificate of incorpora?.^
."Accrued^ interest
35,520
42,047;
-tton .'denying preemptive -.right* -as- to the. new; stock, was , invalid and !.'
Indebtedneea tO; affiliated • company
'the -defendants. unlawfully deprived; the plaintiff, of; her vested pre».
iDeferred.,credits
32.442; /
19,042,
eibptivev rights os. a; stockholder;
rewohable^vAlti?/ of /udtfch^was^f;
Reserye*for:
3,410,495,
/upwards of $25,000,
\
...
.
„
■
,
«
Deprec'ation reserves a—-:-—"
•
4,788*115;)/ (,/. —u^.
The defendants aeny mat there is any basis whatsoever 1 w» the
its
oasis
wua>bot;vc^* for- ww
deny that inere
Files Suit to
-
the
industries
body's
177,329
,v-v
•
,
Important and. continued drag* in attaining an efficient
profitable operation.
How long these, conditions-will, persist is
258,351*
5
-
5,359
.
to.be
540,000".
N
*
186,451',
223,088
Unbilled- electricity
major
1,299,971
340.000:
;
*
*
31,697
—
,
backlog, of orders
with, assurance,
ayer outside, of,
rather than inside, our own walls.
"The continued
labor unrest in
the plants of' both our suppliers
and customers,- the
shortages
of< material
and the
disruption
of
40v006
975,434.
„
1945, total 356,814 shares of ; common,... Temporary cash: investments
pe?-share now outstanding.—V. .163, p. 2014^ : Customers! receivables (less reserve)
v■ ■v/
Materials,- and: supplies
''Today,
6,050
—v.
deposits™
taken Into- consideration the-wage Increases
is the* greatest ever enjoyed
peacetime business and its, financial position is sound.
5,103,895
—~
accounts—™!.——
fund
and
and
hand
on
VThe^ company's
1,402,780:
40,006
-
property.!;:!:
investment
Cash
in .December*
v '■////;/*
1,286,930
u™——_.™_—_—
co it
1944--
$11,322,968 $11,269,317
„„
railway
original
addi-v !
witJr, the
1945-
2939.1
however, have not as yet
recently-made, effectiv.
31
Passenger buses
Excess of book value of the properties over the
^.
to .237.876 shares ,of... com"*
changed
$12.50
p.ant
Street
bonds,. .;
cumulative;
DEC
.;:V.;-,v
■"
at -original cost
Transportation, department at original cost:
shares: of
Value have been
par
value-, $1^.50
par
collateral
and
38,000 shares .of
issued
BALANCE SHEET,
•
Electric
additional. common, stock of
In this connection the 113,938 shares of old common.;
$25, par
stock
and
and. 118,938
--$12.50 par value.
mpn
and. issued
preferred; stock,
-l
'
assets—
'
and, 47,954 shares of ,7%
principal ampunt: 1st mortgage
preferred
stock
company
*
."
'■
by such amounts..
-v.////;
.
refinanced $9,000,000.- of 1st. mort-
bonds
$8,000,000
•;
operations-should not'be reduced by
results in. overstating net earning#
so
groes: income
In December.^I945vthe
•
THE COMMERCIAL &. FINANCIAL CHRONICLE.
Number-4495
$3,990,771
65,192.
income_____^^__
Dr$ 187,250
141,162
$4,131,873
-
Provision
f«w Federal and other income taxes
Postwar* etc, reserve*,
;
1946; income- taxes resulting from.
above-- loss
"3,414,231
250,000
Reduction in
v
Cr45,140;
■/■
-/.'
.
w
■
-
,,
'
Net profit
_
Earnings
•
.
alleged,
of
cause*
action
649,.758*
i^o^costrokprpp^rty..;
toeen
-;-•--••-•uoner; reserves
forth ln 'the^jcompjalrit
set
and, have
U
$467,64a
Nil
$0.37
war
con¬
-
CONSOLIDATED BALANCE SHEET MARCH 31, 1946
ASSETS^-Cash in banks: and on"hand, $8,948,099; United States and
,
,
Dr$142,110-v
share
per
^Including, previsioir for adjustment; and, termination, of.
tracts, less-, postwar, refund: of; excess:profits;taxes,,
Canadian
Government, securities, at cost' (less amount - appropriated.,
to, plant rehabilitation and reeonversion fund,of
$3,500,000), $1,850,300;
receivables- (less reseryes of $509,615); $4*706,222; war-contract term¬
72,956!
43,039; •
by. counsel that the suit is without merit. •
ination claims; (net)* $1,975,751; inventories, priced,- at, lower of cost
Capital surplus
.^j.
'
*rrr \
196,180/?
The-plan, pursuant ta.which the preferred} and. common stock was
(first-in„ f+rstrout). ofrmarjeet* $9,627,767;
Total
earned
Plant rehabilitation and
surplus—
245,585788,166* -,
Issued, and sold, was-approved by, the-vote* of holders of over 97%,- of
reconversion fund; $3,500,000.; deferred receivables,
etc., less reserve,
■.■■■/-""I;i"
the stock of the -company, and the terras of sale, were- negotiated-., withi
$253,329; supplies; and prepaid expenses, etc., $698,3lot plank and
a
v-v..v..
$14,506,189:; $20^275,13^
th'e hnderwrltera J^y, directors who, in the aggregate4 owned or repre-.,
equipment,-stated principally-at • cost, (after reserves for depreciation
—V. 163, pp7 2900 ~and~ 2770~
sented a majority of the stock ,of the company* ; The legality of ; all :
^ and. amortization
of: $10,303,400)*.$5,423,130;.. patents,
licenses and
proceedings was, approved-by Messrs. Winthrop,. Stimson, Putnam St
goodwill, $1; total, $34,982,909.. ;
v.;y
Southern! Pftblfic Co.—EarningSr^
Robert* as counsel, for-the company and by -Messrs* Davis*. Rolkv Ward-,
'k. LIABILITIES^-Accounts payable and accrued liabilities, ,$5,683,110;
well Sunderland da. Klendl /as -counsel for. the- underwriters,—-V, 163, 'y
April—
-"-'-me
1945"1944"
4
1W2
f provision for Federal and • other income taxes and for adjustment
T Grpss from
PP. 1987, .1853, l«4i 1277 and 694*
railway,$31,124,339 $39,763,020'$39,258,534-A37,229;20&- : and termination of
warv contracts,-(after deducting!-U.- 8. Treasury
•*fv--:^■ Net from railway__l^
n,697;179- TlJ301,93^ 11,286,467; 14,564,545 i y notes, tax; series,. to be—.M,,
applied. in payment thereof- amounting
to
2,816,63k
5,651,107"
Southeasterti 'Oreyhound Lines;(& Subs^)-^Earnings—i
ry- oper.'incoine_:i 23.°6e-138';'3'066.48^
$1^,295,124), $3,714,75:7;., reserve*!, for, plant rehabilitation,: and. conj
tingencies arising out-of'war, conditions, $3,500^000; product, guarantee
Period End. Mar. 31—
1946—3 Mos.—1945.1946—12 Mos^-1945
'
l24,61i;439'"l59l54,228?.15849(M);4a2 142,755a7av '■t reserves, $1,000,000; -reserves.- for possible lbss. on patent claims and
Total^per.-Tevenoe-^ - $4,646,806. $4,718,655 ,$20^28,119-$20^63,569 ' Sff8frf^0t^ay'> other, litigation*
11,181,513 - 44,297,80T- 47,084,552
$300,000;. capital stock,, ($5 par value),' $6,502,910;
55,641,437
Total oper..and maint.
-:' .i>
• s
Ne^from railway^.^
Net ry. oper.. income*—
^5,677,200
12,156,322,, l?,768»4J2c< 23,683,975; v.capital surplus,' $6,244*447; earned surplus accumulated, since*,-Dec.
-^
expense
2,711:282!! j2,566,853" 11,071,165^ 10,772,798
-V* .163, p. 12900.
-.31i 1933* $8,175,995; less-Treasury stock—^27,662 shares- at $5- per
154,602
196,370'
652,935'
" 835,797
Deprec. expense
share, (Dr)f $138,310; total
$34,982.909.—V, 163, p. 469,
;.,469^27
.428,784
.1,832,902
1,744,040
Oper. taxes «nd licenses
advised
-,
.
-
•
*
,
^
-
-
.
^
-
v
'
.
•
_—
-
..
Oper.' tents .(net
33,103/.
Nei> opet.;-yev«nue»,L
v'
13,579;
Orbss ihdome-
,
-12,353'j
lncome
$1,511,875
!-:.:V5,043;
deductions,
tax____
5,133
$1,084,021
13,830
$484,104!
State: income "daxea!^.^
12,868
-
$408,889
$0-75
$789,853
Earned,? per* share*-™*.
$7/203,470
$6,946,851
_.
48,747
-
Grt)ss
54,122
■
'
$6,995,59$ , $7,257,592.:
' ' ' 18,695,
:20*8$4i
$4,635,082
59,037
-
$5,246,930.
^ h 55,716
-
$2,282,783
$4,21
—y*163» P* .2588*
-
.
and
*
*
2,6$5,51i
is tone-
.;
...
.
Engineering
2,457,761 iw
i
85,368,245
79,436.290
34,821,440,;
:'>"vv//-/v>/I i!"
banking
invest;: securs,,
Other income*
6,670,019 -105,535,294 139,197,226-
TaxesJ
Gross
from
Net: from
railway^wi.-
railway.^™^.
$209,738
28,615
100,968
.From Jan.H—
v
*
Gross
from
Net Ty.
10JL51'1
461,466-
-
oper.vincome_^_
163, pp.
24,537/
!
.
32,624
.
41,026
"
: 675,339-
759,120
-
102,813
96,479-:
-
'
' 189,169
314,707
'■
~
39,430
126*606
123.932
555,101
498,323
483,361/
53,759;-
214,711
216,127
28*645;,::
-
30,238
123,063
131,344
999,235-\
869,573
4i8,770»-
I'Hk
:
-
•.
surtax).
313,000);
profit?
Net- income,
tax^,—
178,000»
/
■.
393*352
$884,582/
—
Earned surplus,- at;
1®4S'
IMS'
"
taxes
Incrirtax^ (wwrmai. knd
of
"
Federal
income:
126,960
Spokane Portland -& Seattle- Ry.—Earnings—April—
183,255
*
45,212
:
amortization
Excess
>
1772, 2484.
342,874
752,632
>
//
depree. & depk/ /
for
on
'734,474..
71,952;
•
591,708
I
$2,711,723 $13,975,584 $11,474,864
2,012,270
8,572,088
8,097,348
!/ 2,297,055
debt expense,—
Prov.
969>5!
:
27,317
/
/
".'■•■i;*
■
7,5449,269
9,091
incomei-
and
of
$-}9.'>.R8h
71,479:
.
;
railway™.
Net from Yailway___'___
—V.
Int.
■
:.■■■
$3,703,249
1,126,466
>■
620,688
926,503
*
-
$188,243:
■
-
78,476
355,811
—
1,877,806
147,993
66;715~
(net )i
expenses
on
Prov. for
1944^
1945-
$116,246
,
!Nc$ -ry.- eper. Jncpme.
Exchange Commission and the. U. 8,. District Court for
foilowed by an appeal by. a stockholder to the,
-Earning3—
1946
1946;
_
303,262*
*
-
except'/ Federal
taxes
April—-
-617;903--
_____
Operating
....
Spokane International KR.
business.
157,447
Total
>,
1,475,977
inc*
% Prirfit/from transact; in-,*
-Week'End; May 21-." '-^an./2-tAI^ 21-'
1945/
1946
1945/
1946c
.4,580,522?
&'misc.
-J.
■
4' Dividends-, and'interests
•
(est.)__:—
$7,715,154
,
Rents,,
,
,
$2,109,047 ' $1,804,827 " $8,060,590
>
387,235
360,352
1,692,153
incident to ihveatment'.
""
-
y*, i63>p. 2370,.
trading*
_
- -
1946--12 MOS.---1945
Con-
Securs. underwriting" &
>
11,048,820* -10,818,523
Jan; 1 to May ,14-104$ ,
1945 :
and-
struoticn^serviceai',
SuperviS" d^ oth. serv.__
37^54,773
$4,815^09- $6,900*431 $100^98,535 $132,527^07'
,
X946-M3 Mos.'—lHS ;^
-
-
71,482,965,. 91^72,747
&• Websterr-inc* (&* Subsl»)-t-~Earnirigs----
Period End. Mar-. 31-*-
9,511,435
v
■
earning^'_r
Gnnss .eprns:
the District of Colorado,
,>
'
railway™-
3P$fJod«
^
_
2,813,097;
969,860
-
8,553,676
,
Co^Weekly^ Output^
'
8,820,560
-
Nej ry, opejr; income™
6,562,711
11,290,882
$1,934,061'^ —V" 163,: £>,■•2770..,. ■ .•
Week Ended May .14;,
$3-56
jeriedfr-*
d;
:i94&, •
. 1945/
Federal Circuit; Court .of Appeals for -the .Tenth Circuit and the-fil .ng ">
•toj). such stockholder of a petition for a writ .of certiorari with the, ^
Supreme- Court of the United States,/ which petition wa,-i denied,
On
June39v, 1945 :the amendment-to> the certificate of. incorporation,of;the*':
company fequired under the plan was filed*; By that amendment: eoch-. s:
share o| the old;7% cumulative preferred stock (and all accumulated;/!
ai}d. unpaid dividends thereon), was- reclassified into. ten. shares,of,
new common stock of. no. psr. value and. each five shares of the old
.
-2,524,117
Neiufrom..railV»y™«-,*,i!i 14,751,763" 37,340,026
effective on June 30,,-1945/after proceedings extending over a period
of- four years. / These proceedings included hearings before the Pecurities
from
Gross
.] The company's- second amended plan for recapitalization became
;
-
raUWayu_™'_
FrdnS Jan^lW '
>
President and General,
;
.
.
„
'
Electric output of'this cbmpany for the week ended May 25. 1946,
totaled 2,035,000; kwh.!; as/, compared with 2,279^000 kwb. for - the
corresponding week last year,- a decrease of, 10*7%*
;
f, •
\ v
Manager, says in part:
»
\ • - : :
---1946-. ■ 1945 •
1944;,' '
,1943!,
railway^! $16,515,415 $22,303,655: $21,350,423 ,$20,355;5'l5'
from
from
Net
Gross
-SottWierni ColoradaVFower,
:
.^SeiUherniKy^tlarhrrigSr^
10.7,462
-
T'i**f"&if*V
:?r.
TNet !;incbmefe;ii:
,■,-.
•ch
$1,291,869
—.
Income
.11-f *¥"W
124,26k.
Netnryivoper*- ineom&.__
Federat
.
;
Avtiir~ s
$1,499,522
$1,278,289^
Other income
:
27,125
^
$313,524-,
4,698k660.,. 4,256,075
-
profits
4,569,599
,
""
1942 Fed. inc. dt exc*
Gross from "railway,™.
$1,470,092
$2,100,943
$2,187^87
$1,867,985
>> Net, from railytray-™"
90,935
605,847
765,074
945,16$V"
scrip certificates in
/Net-ry* oper. income^!♦86,133 - i
189,076
522,648435421; >?
lieu of; fractional shares of the new common stock.
No distribution )
Prow^ Jan.- lw
f^;■■'v;^.
/■ ,V';
was made to Standard. Gas
Electric Co. for its holdings of the old
Grc«8,. from railway---6.059,717,. .8,528,968 / 7.440,208-j
7;324,538.
class B common stock.
The new capital structure of the; company
Net from railway—u_—
813,265
2,612,989;
1,860,483/ 3,731,659 '
consists of one issue of 3% bonds, a comparatively/ small. is:ue, of !
Net ry. oper. income-—
25,965
982,778-//
664,591
2,435,561. serial -notes, and, one- clase/.of; capitals stock*. nam_eiy>. thR new, common/ /
♦Deficits. 163. p- 2484.
stock.
"
/',
class A common .dock were reclassified into one share of-the new com-;
$1,618,481
beg,/
period
Net-: credit resulting; ,fr.
adjust, of provisr*.foi?5-r<''r"
Jrt4.?
43,668
$3,118,034*
"
"
3,581,523-
-
-
,
taxes
947.888
xnon-stock. The plan provided: for. the issuance of
Total
$5,583,242
$4,569,599
$7,687,633
,2,104,391
$6,147,892
1,578,293
$4,569,599
$5,583,242
$4,569,599
$.15
$1.48
$0.77
Diyidend?,vpaid.
„
Earned r.surp.
,
..
'■
,
1
-
Net
.
.
recapitalization having , been completed, the. company-took ad-t
Standard Oil; Co. (New/ Jersey)^Immediate Payfvifnt^ ^
vantage of existing lew rates of interest by issuing. $5,000,OQO.principal
amountof xmsw firsts mortgage; 3%' bonds,, (lated Nov.: l, 1945 and due
It' is announced that "funds are immediately Available for. paymentNoy,- I, 1970'
of ! the- redemption, price /and. interest accrued
The, new-bondsv were, sold to three life insurance c^m-V
the- r°»*>*nption date
panies*. the company realizing-therefrom; cash:proceeds of $5.0oonnn, ; of the 25-year 3% debentures, due 1961. See V. 163, p. 2900.
' /"//!
plus accrued Interest; from Nov. 1, 1945 to , the date of the-sale,, of/ >
of/period
income
at
.
end
$5,583^42
—
—
"
;!
shares
per
$0.42
/
/
.The,
COMPARATIVE; CONSOLIDATED BALANCE SHEET/.- MARCH 31
j
-
-
The $5,500,006 principal amount of old 3 >/a%
the bonds.
first mortgage.
;!
'
,
initial
The
quarterly
-
*
paid on Jan. 15*
a,
share
on. the
Unadjusted
.
r,
?.
Operating
(other than taxes on
Federal
State
-
income
•
excess
tax_.—
profits tax™__„—
lieu
taxes
profits
of. income
48,000 -':
!
of,
'
1,043,156
184,156
f. 300,000
330,172
91,600
223,000
196,430
V*- $765,479
Other
incomg..
™—
;
$600,214
-
$763,701
4,579
4,444
$770,03T,
i
Income
income--—
$604,658
$764,824
534,776
243,353
deductions
/
current year's
an
—
$235,281
$361,305
$298,763
income'taxes in the amount of $45,140.
However, from
operating standpoint, a reduction,of this kind is of small comfort;
it, serves to diminish losses/it does not ln: any way
serve
increase
from
profit.. The
satisfactory,
results
of
(he quarter
t-
"
must
be deemed, far
*
:
396,940
6,311,283
167,081
10,124
14,163
•
-!!, 144,491
debits -
80,452
$29,586,157 $29,096,493
•
.
payable
$3,917,508
for
$3,922,699
purchase'- contract; liability.; (pay'fc/
31,250
&ccrviccl
:c
~
'
**'
.
31.250
200,000
200,000
1,649.098
taxes.—
1,193,436
24*388
25,913
220,750
purchase ".contract,
gas
liability,,
89,681
560,852
1,478,982
less-
of.
appears scarcely worthwhile to enter into a detailed-analysis
the. factors which, contributed to. this -result*. The?'
are too well
those
Many*
factors
are
pfoba'bly
which
inherent
applied
directly
in
to
reconversion
a
our
own
V
1,123
seem
to.be
in, the-process of .correction,
amount
/>
shov«v under- Current Liabilities-
31,250
Mortgage, loans,; less amount shown! under Cur-
Liabilities
rent
3,347.500
125,024
3,547.500
Capital stock (2,104,391; shares no par)
5,000 006
5.000.000
Capital
8,926.605
8.926,605
5,583,242
4,569,599
v
:
Unadjusted
-
credits
—..—
—
surplus;
Ea/rned surplus (since Jam L, 1938)—_—_—_•
:
79,578
,
"It
period^
Total
—V;
$29,586,157 $29,096,493
'163,2900..
*
-
..
.
/
Of
operations-several
TACA
.
Airways, S. A*—New Vice-President—
•
of
our
wage" agreements
plants
have
and. these-
been
entered
agreements-
were
into in., practically
reached
,alT
without; work
Philip'" ML
Airways
Willcox
System.
Administrative
"In
Net income
first
466,061
•/
-Interest
'Natural
While,
^•New
Gross
and other real estate, (less res.)—
ens,
Provision
177,712
3,438,223
436,724
6,148,779 f
174,401
^or^ootlngtncles arteing; out |
quarter resulted iiv an operating loss of $187,250.. From a bookkeeping
/standpoint-this losSr was cushioned by the estimated reduction, of the-
to,
_—
;
.
—
' / / 10,400
13,800 V/"/8,400
& exc.-:.(■>'
•!
operating, incorne'-l—
r
war
kriown.
'Net
held May
for-the first., quarter of 19464 ended March 31,
This
with net profit- of. $467,642, after! a!, provision.: of? $250,000
$142,110
compares
YEARS 1
.VP 82,5144^299,565
res.)
-year.)!—President^ at the-', Mortgage/loans (amorty pay't;due within
year):;
8. announced, a net loss.,
annual- meeting, of .stockholders
58,258
1,478.982
i/i-/'
(less
due within one
conditions, for the' first quarter of 1945.
1943. ..^
...///In: bis remarks;to stockholders Mr, Knowlson said, in,part!
2,917,615,x •;/• "''Some four months of the new year have-now passed! The
1944
.1945'
-
CALENDAR
$3,081,434, i
1,284,076 "! 1,153,166
307,057
316,553
l_i—
287,066
285,732
income) /.'-: 340,996
.
340,969
,-/
128,000 _/
148.060
incomef
Charges, in
"
FOR
__:™_
Depreciation
Federal
INCOME
$3,171,673
revenues
Operation
Maintenance>./
Taxes
;.lV
.
^
OF
Natural
5,806,079
560,852
—
unconsolidated--—
LIARILITIES—
and.
2,502,428
J 62,023
:'A Tf>tal.-rAccounts
.Knowlson* Chairman* of the' board
1,673,976
/censtruc.- cantr,
and other mineral ints,
gas
Office, bldgs.
Stewarl«Warne$ Corp^Quarterly* Statement-
of
/_—■
Furniture and equipment, less, reserves—--—TPrepavments ——i/
v
James
cost—
CHh er/! 1 nyeStny?n-t
Natural
!
1,359,806
4,229,168
at
and. snoplies,
Invest! in subsidiaries
;
new,
194^ to stockholders.of record Dec..31, 1945......
STATEMENT
COMPARATIVE
:
dividend, of, 12^.. cents
cfiffimon stock (equivalent to an annual rate of 56 cents a share) was *
declared on Sept, 14, 1945,vand paid on Oct/ 15, 1945-,to stockholders
of record on Sept; 30, 1945.
An additional dividend of: 12V?a../,
share on the new common stock was declared on Dec. 13, 1945 and
i
1,300,000
Ca.shvadyanced' by. clients von
# (per contra),:--—--
,,
■
Govt,
Materials
•
.
1945
$6,390,916
"
T, Holliday/ president,
on.May 23 announced that .-the-director."?
had called- for redemption for account of the sinking, fund* on July
required for the. redemption of the-old. bonds over and. above, the-)
15, 1946, 5,000 shares of the 3% % cumulative preferred* stock,/ series
amount realized from the sale of the new bonds were- supplied, ftom i
A.rat; $160 par - share/ and dividends.
Payment will, be made.'at The
the company's, treasury^ -«,
,
,
.
,
.
- < "
Chase. National (Bank of the City of New York, and the shares to- be.
*
Kilowatt*hour output for the year ended Dec. 31, 1945 was 107,--.>
-redeemed will-: be-selected- by ;lot»,
874,130 kwh., an Increase, of 4,278,160 kwh., or 4,13%.;. a? crmnrred/
'/ ^Record- date
for- the
purpose
of drawing, the ce*tifkatee to be /
with the year 1944*
Total kilowatt-hour.sales to electric custom0""-' i~>-, ^
redeemed is: at the close of business June 7, 1946, an.d the. transfer- ;?
creased 3,946.964-kwh., or 4.74% over 1944. to a total, of 87,147,294 ::
hcoks will be permanently closed as of that date-with respect'to-the f
kwh.
The difference between kilowatt-hour sales and >.ilbwu+t>H©ur* *
.parlicular_shares selected, for redemption,
•
<
output comprises 3.809.352 kwh.T used by the. street railway: depart- f
Notices of redemption will be mailed on- or about June 14„ 1946y to^
ment
and 161)17,484 kwh. which
are due "to company/use avd
to-. :>old»^s of : certificates/which, - are - drawn
for
redemption.—V. 163,- *
transmission and. distribidicn.losses between/the power plant switch" -f
p.
2771.
.
,
': - ^
boards and customers' meters..
tW.
1946 ,;'!!
•/■
-
-
$10,777,710
S.
securities, at
Other securities, aL cost
Standard! Oil; Co. (Ohio) ^Partial _Re<iemDtion—.
/
bonds oi' the company theretofore outstanding were, called foi\ redemp- t
tion on Dec. 31, 1945 at/104,6.-%. and interest to that datp, .; The-fundi 1
ASSETS—*
U.
levels
most
have
of
been
our
lines
authorized
moderate
by
OPA.
price/ increases- above-, prewar
The increases so far received,
Line
in
in
has
He
1945
been elected/Vice-President of the TACA.
United
Air
Lines
as
Vlce-Presid"nt—
become Vice-President of the Fred Olsen
left
to
Agency and American Representative of the
York where he aided in the organization
New
Norwegian Air Lines
of the Scandinaviax*
i$; -;i-l<i, i/?$• f ;ip: ?' «b|: t'Wi/ •
v
"'If,
•
,/#•*/y' ic-wio■:;; ••!-'
py
also resigning as a director and member of
of the United States Time. Corp.r .,,
—
In his new position, Mr. Willcox will administer the financial, legal
and planning activities of the 23,000-mile TACA Airways System in
Latin America from the company's headquarters in Miami, Fla*
Claude D. Richardson, Jr., of Texas, has been appointed Director of
Airline
;
,
.
.V* '•
•->$'. ,^'n
{
i
?/r
{■'/■ -V * "V'K P > i
*'\<V VZ (':}
'
A9,4^
March 31—
Quarter Ended
^V.
163,
for
•
:
,.,
.
•>
Taylorcraft Aviation Corp.—Increases Wages—
!
::i wage increase of 18 Va cents an hour has been negotiated with
Local 56, United Automobile Workers (CIO) for 1,900 employees of,
this corporation, it is announced by Nash Russ, President.
Twelve cents of the raise is payable as of May 6.
Three cents will
be paid Aug. 1 and the final 3y2 cents will go into effect on Nov. 1.
All factory and, office employees will share in the increase.—V. 162,
*
1946-
Period End. Apr. 30-
Qperating
Operating
expenses
Net
1,854,906
14,945,950
7,996,162
182.873
526,500
788,166
4^954
56,007
42,935
$2,667,591
$685,664/ $2,637,013
$768,147
't
......
63,285 //
59,324
;V;' For the
and
73
in operation.
$2,855,485
1,824,711
$1.53 "
$6,241,953
2,365,477
$2.53
12
of .$2,512,228,
United now
200,000
.
mercial
of
United'in
by
the
holders
May 21 also approved
on
of
to
the
board
until
serve
of
directors
1947
who
ing
included:
L.
Elected
Sherman
by
the
of
which
These
will
followed
be
five-mile-a-minute,
efficiency,
*
,
.
later
this
247,736
•'
■£ 268,191
Assistant
Assistant Secretary;
George
F. Wasson,
first
1946
1945
$8,611,351
.?$585,685
$1,946,314
6,665,037
Drl65,856
50,732
————*$751,541
$1,997,046
—
r
income
Provision for Federal and
State
taxes
Cr239,000
818,009
♦$512,541
>;
Net Income '1———
$1,179,048
»L0SS.'
I
\
-".m"
'*
>
K'
PA
J
1
1
'
'
«•
i
April Shipments Higher—
continued upswing In the use of air express and" air 'freight is
in the corporation's report of an estimated 14%
increase
in both categories.
United transported approximately 371,177 ton-miles of air express
during April as compared to 324,598 ton-miles in March and 231,686
A
Jenkins,
reflected
Assistant Treasurer; Fred L. Metzler,'
Elwood
McCartney,
Assistant
Comptroller;
C.
Treasurer;
Harold Lang,
J.
income
Total
Simonson,
B.
the
$10,079,530
10,665,215
—
—:
—
Net income from operations
Other
in
Read
by
,
L.
Clarkson, Thomas J. Conners, John R. Dillon, Wilfred J. Eadie, Daniel
O. Hastings, Donald A. Henderson, Felix A. Jenkins, Robert Lehman,
William C. Michel, William P. Philips, Seton Porter, Murray Silverstonej
Spyros P. Skouras and Darryl F. Zanuck.
V
Elected with Mr. Skouras, to serve as officers for another year, were
the following: William C. Michel, Executive Vice-President; Darryl F.
Zanuck, Vice-President in Charge oL Production; Thomas J. Connors,
Wilfred J. Eadie, Comptroller and Assistant Treasurer; Felix A.
year
52-passenger and cargo Mainliner
of speed, comfort and operat¬
features
will introduce new
Operating revenues
Operating expenses
stock¬
Robert
Adams,
quarter
RESULTS FOR THREE MONTHS ENDED MARCH 31
the proposed Retirement
were
//
first
month3 ended March 31, United reported net incoma
equivalent to $1.12 per share of common stock. ' • > has 13 four-engined, 44-passenger and cargo Mainliner
twin-engined, 21-passenger and cargo Mainliner 180'a
Twelve more Mainliner 230's are being prepared for com¬
service.
fleet
a
300's
employees.
Secretary;
13,480,123
1,500,862
19,059
income
<r • %
,
1946—4 Mos.—1945
3,716,838
119,681
income
oper,
ry.
Other-
;
$6,445,235 $18,200,505 $26,440,804
392,944
Ry. • tax accruals..
Equip, rentals (net Dr)
Jt. fac. rentals (net Dr)
847,068
Charge, of Sales ;>Murray Silverstone, Vice-President;
Joseph H. Moskowitz, Vice-President; Donald A. Henderson, Treasurer;
•Month—1945
"$4,930,860
;. 3,631,029
revenues.™
8,642,101
5,135,000
'-451,616
12,339,022
5,250,000
taxes
to
.
Vice-President
.
Ry.—Earnings—
Texas & Pacific
n
,
i
<
'
Elected—Stockholders Approve Retirement:
stockholders
Members
.
contingencies
income
$42,028,730
1
Spyros P. Skouras has been reelected President, following the election
The
Plan, for
...
''
..
:
$46,390,305
mi-'
share_—_^.........
per
of 15 directors.
$0.64
$0.86
share
common
film
taxes,
flown
V
$643,471
2342.
of
_™_;
minority interests
contingencies....
Directors
493,553
—
per
p.
and
Federal
rentals
1
Federal
miles
passenger
174,998,855 as against 108,704,918 in the first quarter of 1945;
mail
ton miles,. 2,856,826
as
against 5,210,804;
express
ton miles,
1,000,889, as against 1,143,415, and revenue plane miles. 11,381,627
as against 7,960,124.
Also, United flew 406,566 ton miles of air freight
—a
service inaugurated this year.
•••.•;» •/•..•:
230's
"
income
Net
Revenue
totaled
454,719
"
Net income
and
before
Net profit
Earned
;1945
r
"708,071
622,974
Selling,
Prov
interest
for
sales
receipts
profit
profit applicable
Provision
$1,591,743
^2,191,343
profit—•
——
advert., shipping and gen. adm. exps..
for Federal and State income taxes
Gross
net
Commons shares
'
,
theatre
nority
Net
from
Income
and
'-Pp:
■'»'}<r
Talon, Inc.—Earnings—
.■
Gross
Consol.
Prov.
_«
appointed Assistant Director or
TACA's Division of Plans and Projects.
Re resigned from the War
Assets Corporation in Washington, where he was in charge of the
sale of personal aircraft.—V. 163, p. 2485.
.
^
'
s
• ,,
William
Fellman
/United Air Lines, Inc.—Quarterly Report—
(Including National Theatres Corp. and Roxy Theatre,. Inc.);>////
13 Weeks Ended—
Mar. 30,'46 Mar. 31/45
the late Congressman R. P, Hill
was Secretary to
the Army.
Kreis has been
entering
before
*
■
.
He
Engineering.
Twentieth Century-Fox Film Corp. (& Subs.)—Earns.
is
He
System.
the executive committee
-//
Monday, June 3, 1946
during April over March
Jr., Assistant
'
/
Secretary; and William Werner, Assistant Secretary.
The stockholders' vote approving the proposed Retirement Plan was
t
ton-miles
.
of
air
freight freight as compared to 202,778 ton-miles
the previous month, according to M. P. Bickley, Manager of
sales.—V, 163, p. 2772.
*
during
1,844,265 shares in favor of the Plan, and 133,119 shares against.
The effective date of the Plan Is Jan. 1, 1946, subject to a favorable
ruling of the Commissioner of Internal Revenue that the Plan will
cargo
United Drug Inc.—Purchases Nylon Hosiery Mill—
qualify as a tax-exempt trust.—V. 163, p. 2486.
L, W, Smead, Vice-President and Treasurer/ stated that the company
Total
1,123,803
-
6,936
280,865
deductions-
charges
51,377
936,977
'
10,572
233,957
-
Misc.
Fixed
2,935,782
25,845
2,884,749
748,949
827,471
income
(& Subs.)—Earnings—
Union Electric Co. of Missouri
12 Months Ended
March 31—
—V.
;■■■>
163, p. 2486. $
exp.
for
pft.
622,517
exclud. taxes
inc. ex.
303,748
"72~ 477
67,288
100,000
<//
401
100,000
848,957
1,200,000
358
4,698
$413,412
$6,997,088
Cr2,288,387
•
Prop. Iz other taxes
Prop. retr. res. appro...
inv.
ltd-trm.
of
M'+Net
oper.
Other
income
2,770,077
3,083,217
203,007
oth. Fed tax.
deduction —
&
Amort,
$1,401,169 $17,357,729 $16,309,772
516,363
7,512,156
6,540,652
Fed.
•Special
...
L...
......
.....
796~867
1,200,000
,4,597
'
71,708
$4,997,579
111,455
$423,026
116,442
/
9,614
$461,068
revenue—
197,746
$7,068,796
3,932,815
$5,109,034
2,378,238
$3,135,981
865,050
$2,730,796
$461,286
"
Dr218
(net)
;
Heating
$53,172,405 $49,460,738
9,011,980
8,463,602
680,020
637,708
2,875,682
2,518,050
683,564
618,742
The
production? and
cost
the
from
offering
of 600,000 to
1,000,000
to
acquire revenue producing
producing manufacturing businesses
related to the company's present activity.
Another and limited use
for the proceeds would be for the expansion of the company's own
chains.—V. 163, p. 2771. •
>
drug
distribution
Transportation
Coal—direct
funds
shares
119,774 / \ 121,806:
172,999
169,396
production
2,819,266
2,645,520
Coal—intercompany
sales
Crl,190,395 Crl,540,928
Customers accounting and collecting expenses.
1,225,766
989,588
Sales promotion expenses_____
:
685,783
509,160
Administrative and general expenses
3,448,559 - 3,095,147
Taxes, other than income taxes....-™..—5,329,509.
4,729,120
Federal normal tax and surtax .!
i.—...
4,479,900
3,236,100
Federal excess profits tax
1,627,100
2,019,700
Other income taxes •
70,800
>
62,100
Gas
1946—12 Mos.—1945
V1
1946—Month—1945
$1,459,688
revenues
Oper.
Transmission
.....
Distribution
Period End. Jan. 31—
Prov.
■ i
Light Co.—Earnings—
Texas Power &
Operating
$1,786,134
$1,896,395
$461,148
$582,942
income
Net
1945
1946
Total
operating revenues..,™!
Power
production"
recently had acquired at a cost of about $1,200,000, the assets of the
Franklin Hosiery Mills of Williamsport, Pa., whose plant has an annual
capacity of 200,000 dozen pairs of nylon hosiery.
f
j
of
chains
"<
s
stock
of
and
1
'
?
»
also
for
depreciation
r.
y
-
facturing
h'Ai.
t
v'
r' i
*'
f
K
Rockwell, Chairman and President of Rockwell Manu¬
has
'
Co.,
p, 696.
.
been
elected
■'
the
to
board
directors.—V.
of
*. v
163,
:
\
United Gas Corp. (& Subs.)—Earningsperiod End. Mar. 31—
Total
5,224,148
$,605,446
——
used
be
revenue
United Engineering & Foundry Co.—New Director—
Colonel W. F.
oper^
oper.
"
1946—3 Mcs.—1945
1946—12 Mos.—1945
revenues..
Total
Provision
proposed
would
other
expenses..
$18,559,015 $18,580,679 $61,811,479 $61,748,334
6,723,181
6,274,120
24,972,989
23,575,272
Federal taxes—
2,200,976
3,522,524
7,798,303
9,204,945
Other
taxes—.—.
1,306,621
5,023,428
1,382,037
4,788,131
......
'
Gross
income
Net int. & other deduct.
$15,526,651 $15,961,779
106,035
71,884
Net
operating revenues
Non-operating revenues, net....
^justV! of prior years'
provisions
x
;
$344,626
$255,280
stocks for period—.—
Net income _-l.r
Div. applicable to pref.
Balance
.
$1,865,746
$2,270,931
—
-
865,050
non-recurring tax benefit from participation with
consolidated federal income and excess profits tax returns
refinancing by the company, tlncluding the result of ex¬
•Extraordinary
in
parent
and
from
traordinary non-recurring tax benefits.—V.
163, p. 1910.
.—...w—$15,632,686 $16,033,663
3,506,084
3,442,574
(pet)
Preferred dividends of subsidiary
494,069
81,203
Portion of loss on sale of gas plant equivalent
to income tax reduction attributable thereto
76,000
Gross
charges
Portion
possible
order.
mechanical
reasons
it
is not
to arrange companies in exact
However, they are always as near
position
alphabetical
■
income
Net
$9,646,618
pref. stocks
on
of
company—.—.—
Balance for common dividends and
'
Total
revenues../
oper.
Total
operating
revenues
expenses
oper.
operating revenues
Dividends
Mos—1945
Net
revenues—
oper.
5
$370,126
$371,761
206,382
619,988
Gross
Total
Net
4,169
$169,400
_
income
deductions
4,021
$161,447
Non-operating income
•v
•
—
loss
171,660
Revenues
of this
.;
/ 170,670.1/
$1,269
$10,212
...—
Gross
$796,999
/'/
$207,917
$248,332
12,224'/.
$260,557
12,361
the
514,484
$292,545
above April
said at the annual stock¬
Transportation Corp., a subsidiary, to buy 400
buses by issuing $5,910,000 in conditional sales agreements.
The
Commission
suggested that Surface / Transportation use
Its
$1,100,000 of available cash to make a down payment on the new
buses.
It recommended also that the company consider issuing addi¬
of
common
stock.—V.
163,
p.
2016.
1
t
Western
Air, Inc.—Sells Deben¬
additional
$10,000,000 loan, Jack Frye, President, an¬
nounced May 27.
TWA will issue the additional $10,000,000 of 21/4%
Sinking Fund Debentures due Dec.
1,
1951, under a supplement to the indenture covering the
existing $30,000,000 issue of Sinking Fund Debentures.
The
supplemental
Indenture provides
for
retirement of
000,000 issue in five annual installments beginning Dec. 1,
Debentures are to be issued on or before Dec. 31, 1946.
this
$10,-
1947.
The
arranged to
continue TWA's policy of providing
for capital to finance purchase of new flight equipment as purchase
commitments are made, Frye said.
The proceds of the loan will be
used for the purchase of 13 additional Constellation airplanes, bringing
TWA's total fleet of Constellations now in service or on order to 48.
This loan
—V.
has been
163, p. 948.
,
*
.
.
,
,
rev.
$7,702,522
provision for estimated income taxes:
Federal
tax
normal
f4 Federal
and
.
profits tax
excess
903,500
1,700,600
53,700
—i
income taxes.—
Other
«
-
2,739,000
40,600
Calls $5 Stock—
outstanding shares of $5 cumulative preferred stock of no
value have been called for payment on June 24, 1946, at $110
share and dividends, with funds being available for Immediate
payment of the full redemption price, plus accrued dividends of 53
cents
per
share.
Payment will be made at the Central Hanover
Bank & Trust Co., 70 Broadway. New York, N. Y.. or at the MercantileCommerce Bank & Trust Co., 721 Locust St., St. Louis, Mo.—V. 163,
All of the
Net
••"■■■
■
oper.
•Railway
revenues
exps
oper.
&
facility
Joint
(net)
rents
inc.
Net
$
$
$
$
40.334,333 113,642,467 159,444,197
26,978,530 91,243,194 106,066,451
4,350,381
op.
fTflxes
from
operation
V
■
26,135,237
21,784,856
other
sources
22,399,273
11,197,880
inc.
v
2,674,081
762,643
3,092,595
1,452,130
2,646,487
8,527,312
Fixed
and
Net
1,044,079
2,324,106
4,476,227
sources
deprec.,
and
tlncl.
705,632
2,557,442
6,135,251
retire,
charges.
exc.
675,000
$1,366,494
2,416,930
$1,149,885
$2,165,339
$2,176,709
1,920,491
9,798,605
9,077,357
$3,070,376 $11,963,944 $11,254,06S
1,263,195
845,742
(net)
and
other
de¬
!
5
-'758,660
775,344
3,046,543
3,365,095
$2,295,032
$8,917,401
$7,888,971
'
1946
(CORPORATION
ONLY)
property and equipment (including intangibles)—
$32,161,082; total investment and fund accounts, $211,-.
LIABILITIES—Common
stock ($10 par), $106,533,022; first mort-bonds, 3% series due 1962 (less $3,895,008
1, 1946), $94,200,000; accounts payable,
$1,112,796; dividends declared, $2,130,660; first mortgage and collateral
trust bonds, 3%
series due 1962, called for redemption April 1, 1946
(cash in special deposits), $3,895,000; customers' deposits, $1,119,466;
taxes accrued, $4,748,267; interest accrued
($1,471,425 In special de¬
posits), $1,493,314; other current and accrued liabilities, $33,960;
total deferred credits, $144,974; property retirement reserves,
$6,573,743; reserve for future losses or adjustments with respect to capital
assets, $32,218,219; reserve for uncollectible accounts; $37,842; reserve
for inventory adjustment. $23,836; contributions In aid of
construction,
$509,772; earned surplus, $11,640,662; total, $266,415,522.
—V. 163, p. 1292.
;
and
for
collateral
trust
redemption
April
United Gas Improvement
Period End. Dec. 31—
dividends
Co.—Earnings Co. Only—
1946—3 Mos.—1945
$743,351
Interest and other Inc..
64,317
Total
Income
prof,
2,091,937
400,000
8,000,000
4,366,091
163, p. 2486.
pther
-
-
1946—12 Mos.—1945
$482,275
$2,308,855
361,603
127,157 1
$2,042,789
Z 406,564
$807,668
$609,432
,670,458
$2,449,353
188,878
216,600
791,880
917,469
64,166
35,819
60,520
49,749
242,019
130,401
234,431
149,673
$518,805
....
Federal
$282,563
$1,506,158
$1,040,427
537
514
1,0.63
1,097
deductions
$518,268
$282,049
$1,505,095
$1,039,33a
......
....
appropriated
special
31,000,000
107,353
and
taxes
Net income
8,165,074
3,600,000
for
State
Inc.
1,099,963
income
Ordinary expenses..™
Non-recurring expenses
fund
•
to
reserve.
,
&
taxes
„
r—V.
675,000
/
obligations, $1,800,000; notes receivable, $536; accounts receiv¬
able, $1,260,301; materials and supplies, $447,112; prepayments, $56,421*
other current and accrued assets, $23,214; total deferred
debits, $120,545; total, $266,415,523.
•
11,440,666
4,530,713
amortiz.,
Fed.
and
10,851.418
4,716,167
oth. * charges
all
260,800
1,308,519
899,571
Govt,
15,971,379
1,295,987
3,690,566
1,133,124
2,001,619
inc.,
•Incl.
9,003,896
cash
in banks—on
demand,
$13,157,037;
special deposits,
$5,371,145; working funds, $61,477; temporary cash investments—U. S.
11,495,152
549,489
and
—
......
income
8,232,390
260,800
•
reserve
BALANCE SHEET MARCH 31,
Prov.
Total
•'«
2,655,386
808,417
232,553
956,653;
38,789,999
701,962
JAV •»' \
1946—12 Mos.—1945
ASSETS—Plant,
Total
//
$9,490,048
$3,024,764
53,377,746
9,946,673
152,638
trans-
————
invest.,
from
13,355,803
2,196,289
from ry.
rev.
Equip.
Inc.
1946—4 Mos.—1945
1946—Month—1945
Period End. Apr. 30—
t
253,357
Income
called
Railway
-
$5,107,041 $14,052,325 $13,193,036
2,998,339
876,523
ductions
gage
2771.
^
3,616,488
$3,783,424
•
par
Union Pacific RR. (and Leased Lines)—Earnings—
/ 250,118
$3,236,578 $10,156,546
deductions—v
gas.i
taxes
oper. revs.—Natural. gas
jper
p.
3,126,638
1946—3 Mos.—1945
$5,755,513
,
taxes
Other
.5
M
834,435
54,371
"
Net
:
$6,763,028
1,705,000
surtax
gas
$8,088,028
1,325,000
-- -
....
>
///;//^/-/5//:,
tures Privately—Company has arranged with the Equit¬
able Life Assurance Society of the United States for an
$9,329,948
1,627,426
—
-
749,699
$4,412,780
appropriations
239,000
119,300
for postwar adjustments
$4,125,384 $13,533,302 $13,259,171
,
''
1
•
539,251
543,151
mi-
to
Prop, retirement
$14,582,334 $12,068,459
5,133,087
3,741,432
:
preferred stocks of the company—..—
rh
') r'
\
*
, >
•/-
•Includes
Net
&
1
,
INCOME STATEMENT (COMPANY ONLY)
ledger value,
Surface
Transcontinental
V
—
income
on
j
in
'
tional
—
Balance for common dividends and surplus—
512,824
$253,927
McQuistion said
plan
\ 1
$220,278
the board of directors shortly will consider a
method for the sale of the car barns and guessed that they would be
sold in September or October of this year.
The assessed valuation of
the properties to be sold is about $8,000,000. <•.■//;•
///
In answering a stockholder's question on the possibility of revamping
the capital structure, Mr. McQuistion replied that he didn't think it
was wise at the present time.
"
'
The New York Public Service Commission has refused to approve
Mr.
Diivt.
corporation for April were about 10%
Victor A. McQuistion, President,
meeting held on May
income
deductions
Appropriation to res.
;
year,
holders'
;
589,081
vV,
To Sell Car Barns—
last
$165,379
$157,277
income
oper.
net-a,
15,322
$5,268,211
•
Operating revs.—nat
Other
$7,794,826
4,239,383
34,251
■"
Net
Total
stocks of subsidiaries
on
Other non-operating revenues,
4,279,752
$868,321
212,848
—
$8,772,087
5,742,649
67,599
—
:
net income—
natural ')
$37,073,303 $32,983,812
28,301,216 25,188,986
$5,076,751
$5,465,440
>4,597,118
Total
Total taxes
——————
——
applic.
Federal
1945
16,784
,
Period End. Mar. 31—
Oper.
Si5/:'''
1946
Net
> 1946—3
$1,832,380
1,460,618
$7,$24,313
(Company only)
Corp.—Earnings—
Bus Operations) '
$1,954,774
1,584,648
$$,0^,192
,
Cr547,370
12,007,438
$4,110^062 $12,990,151 $12,719,928
$5,251,427
public and
/ ;;
;
'hi
and
1946—Month—1945
Period End. Mar. 31—Total
to
Consol.
1,325,000
INCOME STATEMENT 12 MONTHS ENDED MARCH
f
•Operating expenses and taxes..—
(Railway
surplus..
3,367,352
nority interests—105,732
$9,149,313
1,627,426
income
Net
Dividends
3,001,394
v;
other deductions
corporation is
Third Avenue Transit
income-
Net int.
$10,329,318 $10,514,413
682,700
1,365,100
—
Cr9?,780
11,124,388
-
approp...
r
Gross
42l"094
res.
oper^ lrevenues^
income (net)—;
Net
208,333
450,854
net—
Appropriation to reserve for postwar adjust—
/
negotiating to purchase the buildings formerly
occupied by Boston' Wire Stitcher Co. in Warwick, R. I. with the
intention of opening a- new plant 'for the production of knit goods.
Mayor Albert' P. !Ruerat of Warwick said that tentative acceptance
of an
exemption plan had been given and that the City-Council
would take a formal vote on May 16.
If appoved, Textron is expected
to locate in Warwick before Oct. 1.—V. 163, p. 2486.
■
pletion
Portion
Textron, Inc.—Seeks New R. I. Plant—
The
1,044,404
securities of subsidiaries-
on
deductions;
1,100,000
Crl,996
Federal
Prop, retirement and de¬
Other
prem.
alphabetical
possible,'
as
of prem.
Other
always
redemp.
and
v:;equiv. to inc. tax red. aris. from bd. redemp.
Net losses of sub. land and develop, company.
Amort,
NOTE—For
disc,
unamort.
of
for
income
taxes on
Income
Interest
t
it
—
I-T. w
l
1X.
Balance available
capital stock
for
Volume i 63
CONSOLIDATED
'• f'
'
J, i f.
I Period
;
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4495
INCOME
End. Mar.
31—
STATEMENT
and subsidiaries)
(Company
1946—3 Mos.—1945
:
; L
-
,
,1
$814,676 1
:>
$655,294
87,193
.
238,750
$1,053,426
130,154
Income; deductions*-**
14,308,051
$2,673,959
532,402
:
&
min.
&
,
$282,795
•Deferred dividends—;
-
$1,496,381
Insurance
35,819
XlABILTTIESr-*
Accounts
49,749
.123378
.
Total
:$1,093,604 f,
.-.-.'"taxes
and^v:
4.
$722,978
327,383
payable
sundry
$395,595
f
♦On Cumulative preferred stock of
subsidiary
Co., deducted above.—V. 163,
4%
applicable to U. G. X
Real
2487.
p.
mortgage
1945
accruals
instalments
(& Subs.)—
mtge.,
notes,
Unclaimed
United States Hoffman Machinery Corp.
1946
sales— **;***
Cost Of. goods, sold
Selling, administrative and general
6,901,565
513,241
3,101,667
*
882,299
expenses-*
4J/2 %
from
operations.-
Interest and other income—
Gross income
$814,998
Depreciation and amortization of physical prop.
Interest and other income charges —Post-war
reconversion
.111,937
costs
Federalnormai tax
Federal
excess
.—•
-
profits, tax,—*.
-A"
223,594
—.
4
——
'
.-.A...
.
payable
for
A
A.A
.
Net incomes—*—-——**—*——
Special credit from post-war conting.
for
period—
dividends—*
reserve—
;.:L.
BALANCE
—*
accounts
;
...
receivable.;
receivable-
********
—
—
*
Accounts
o
receivable—war
contract
Amounts to be' reimbursed by U. S. Govt—
U.
8.
Government
-Other
_.**;
7,463
244,750
from
Deposits
46,500
36,337
employees—including
expense funds
:
leases, contracts, etc.——.——.
61,320
(net) —2,034,781
on
Accountant emergency Government contracts-*
Other deferred
charges
Invests. In European subs.—at
Patents, goodwill, etc
*
—
nominal
235,768
1
1
payable
deposits
account of
on
$3,850,000
—
accrued
incl.
accounts,
uncompleted sales
;
on
account
Deferred
of
and accrued accounts
4,340,668
at
director
a
the
annual
and
alsn as
.2,407,971
stockholders
1,281,468
cost
at
5Vt%
cumul. conVi
CJommon stock
($5, par;
.
66*958
127*152
' 1,010,950
1,099,181
1,443,659
Earned surplus
3,100,110
2.720,074
A
INCOME
ACCOUNT
FOR
CALENDAR
cargo
handling,
tions,
substantially
and
and
—V.
;
,
in
sales
branch
offices
V
$4,793,465
Net revenue of
for
istration
Other incoipe,
incl.
mission?, etc.*
v
arising
account
of
4,230,683
$2,321,002
$2 541 109
'
from vessel acShipping Admin¬
War
—*
on
May
and
Interest
general
3.352,785
-
r
633,756
$6,647,668
———
expenses
$5,857,064
Frov.
for Fed.
3,074,741
of vessels, bldg., etc.
inc.
tax
on
2 410 979
758*188
income———,
(allocated portion)
*862*795
226^349
274|721
145,661
920,000
———_'
Taxes, other than Fed. taxes
the company,
•:
Mr.
Net
Profit
sales
on
———
of securities—
765|000
164 871
*
on sale of vessel in a
prior year
adjustments applicable to operations prior
to
the
respective
year
but subsequent to
merger, May 31, 1943---—
Prov.
for;Fed.
last
three
Profit
Earned
inc.
tax
(allocated
surplus,
at
earned
surplus
beginning of
Earned
of
•The
on
pid. stock,
surplus
70 cents per share
since May
31,
1944
1943,
at
figures have been reclassified for
J
'
\
i
~
"" <1*, A, ^
yU
'
'
'
1
'
' r*
J"
i' 7
0 '
"
"
<
1
""
***.****.*_.*.***___
•;
«
f
'
1946
1945
$14,299,977 $14,331,991-
,
revenues
8,956,224
**_*_**_»
.
8,434,625
890,139
924,356
127,827
-A 918,375
_
932,156
*****
827,732
862,251
289,400
revenues—._*—***»._**.*"__*
697,740
:
Net
$2,377,982
.1,078,093
$2,389,367
459,018.
$1,461,430
470,015
$840,871
$991,415
—
Income
on
Balance
^
•
$2,401,034
♦11,667
$1,299,889
income
Dividends
'
'
$2,370,109
7,873
——
Tht, and other deducts., incl. special charge***
preferred stock****
—*******
*********
i
163, p. 2488.
*
927,937
I
NOTE—For
mechanical reasons it is not always
fo arrange - companies in exacts alphabetical
However, they are always:, as near alphabetical
position
possible.
as
,
.
,
C
.
.
Washington Water Power Co.—Earnings—
President, Etc.—on
(Excludes for entire, period results of operations of Spokane United
Railways, a wholly-owned subsidiary, whpse transportation properties
May 21, Clarence R.
;
:
President
Operating
to
Fed.
7
Federal
:
113,285
g 173,160
110,516
99:885
harvest
sugar
tandem
of
taxes.*
.
2,098,317
1,098.766
84,166
oper.
Gros income
1,245.008
84,166
1,010,000
1,010,000
$420,795
revenue***
Other income (net) **w
of
1,479,496
Cr942,755
$266,464
$4,178,267
$3,540,793
A,
11,752
5,385
88,909
40,184
$435,547
********
f $271,849
$4,267,176
$3,580,977
on mtge. bonds—
of utility plant
acquisition adjust.
Other int. & deduct
55,650
■
64,167
724,294
770,000
-
Amort,
in
the
history of
and
sugar
Clarence K.
mill,
$1,028,323 $11,676,768 $11,413,276
s...404,648 , -4,087,931
4,284,221
.
♦Special deduction
Net
manager
361,719
and
Prop. & other taxes
Prop, retir. res. approp.
15 years.
general manufacturing
$1,090,481
!
*•.—***_
inc., ex. pfts.,
other
*** ,
revenues.
Oper. expenses
elected
was
A A A,':',were sold to; non-affiliated interests as of July 6, 1945.) ;;
) Period Ended Jan..3lTr- -r A 1948-A-Month—1945, " 1946—12 Mos.—1945
set
three
Bitting
the
new
Everglades produced
world's
announced
on
records
May
19
for
in
a
re-
17,424
11,690
__
A
Net income
—
18,442
239,746
69,473
'169,283
$3,253,123
$2,401,948
622,518
12,065
$347,783
—*
220,286
,
.
$177,175
>
Dividends applicable to pref. stock for period**
622,518,
Balance
$2,630,605
$1,779,430
■'
'1
60,125
271 114
Dr85,000
<
$1 622 678
*931)995
$4,487,348
146,680
$2,554,673
of
174,270
tons
for
March,
1942;
and
the
weekly
record
of
.
daily record
Cane
Corp's.
acres
for
the
purposes of
Weeden & Co.—Stocks Offered—
set April 3, with 4,638 bags of
sugar.
house was supplied by the United States Sugar
and independent farmers. Approximately 30,000
cut, supplying both raw sugar and upwards of
was
of
cane
were
5,000,000 gallons of blackstrap molasses.
•; During the- summer
months,' workers will be busy overhauling ma¬
chinery and preparing for the harvest next fall, which will include the
sugar crop and
tion by
the
The
also the crop
$8,000,000 starch
new
recently.—V. 163,
of sweet potatoes for starch produc¬
house completed at Clewiston, Fla.,
p.
948.
146,702
$2,407,971
comparison.
^@1®'
with principal office at 315
offering to the public through
Montgomery Stf, Ban
its own organization
10,000 shares of 4%
convertible preferred "fetock at par ($50 per
share) and 1,501 shares of common stock (ho. par), at $40 per- share.
Transfer agent: Bank of California, National Association San Fran¬
cisco, Calif.
Registrar: Crocker First National Bank San Francisco.
company,
Francisco,
sugar
12 plantations
is
AND PROPERTY—Company
BUSINESS
done
business
The
Delaware.
in
that
is
was
of
organized July
underwriting
Formation
of
the
corporation
Charles
Wohlstetter, President
Long Island City, N. Y.
of
was
Atlas
announced
on
.
it
stocks
and
bonds
which
maintains
primarily
deals
Company
at
all
with
times
dealers,
from
embodying entirely
the
De
Meulenaere
Robert
De
Muelenaere
Universal
company.
May 20 by
Corp. of
Aircraft .Products
principles in design and construction, '
interests of Belgium.
new
was
Other
elected
directors
President
elected
and
were;
a
director
Mr.
of
the
Worilstetter.
Marcel De Muelenaere and Jack Marqusee. A fifth
member of the board
is to be elected within 90 days.
:
The
De
Meulenaere cash register is
being manufactured now in
Belgium and England, and Mr. Wohlstetter said
production plans of the
Universal
company
would
be announced in the
near
.
substantial
a
banks,
,;
insurance
"
,
of Dec.
31,
1945, there were authorised
sto-k (no par) of whi"h 20,356 shares were
13, 1946 company authorized, and there 'now
CAPITALIZATION—As
Mr. Wohlstetter said Atlas Aircraft had acquired
patents and manu¬
facturing rights, for the United States and Canada, for the new cash A
register,
19, 1927
distrib¬
selling securities to customers
and acting as broker.
Its gross income is normally derived principally
from such business and related activities.
A '
:
The company is mainly engaged in the buying and selling of inu-'
nicipai and corporate bonds,; and preferred and common stocks, of
inventory.
above
and
uting securities issued by other persons,
companies and other financial institutions.
t
$4,340,668
•Extraordinary non-recurring tax benefit from participation with
parent in consolidated Federal income tax returns.—V. 163, p. 1484.
Universal Cash Register Corp.—Organized—
end
1
year
'
2,407,971
Total
Dividends
7 866
$2,079,377
year
$0.25
'
>'
income
at
50*000
to
^
to
$1,378 698
246^633
Drl30,000
portion,
items)
transferred
$1,342,729
559,890
Profit realized
Net
*
operating
Gross
45,055 tons for the week of March 11, topping the record of
43,893
tons for week of April 2, 1942.
The record of 4,451 bags of sugar
produced In one day, established I
Feb. 28, 1942, was surpassed three times
during the past harvest. The
new
from! operations
Profit
1
106,524
$0.40
-
New world's records for monthly and weekly grinds also were estab¬
with
177,111 tons for March,
passing the previous highest
2,682,199
;793,881
'
——
expense
172,778
-
15,
lished
*
final
J0?®,1
i
r-7T
Administrative
Prov. for deprec.
elected
was
record
bldg. rentals, agency com*
*
-
2,472,463
shipping operations^
compensation
tivities
'
426,100
on
Maintenance-
tonnage of cane ground for the 1945-46 harvest was 977,960,
setting a new world's record for a single tandem mill. Previous Ever¬
glades record was 881,489 tons, ground during the 1941-42 season.
The sugar house, largest on the continent, produced
566,989 bags of §
sugar for the season as compared with the former record of
555,622
bags for the 1940-41 harvest.
$6,771,792
1945
-
$4,331,248
-
,
'
^ther shipping operations—«
Agency
)
1
Operating
Operation
Net
of
operating
vessels- under
time
charter and of terminal, cargo handling and
1946
$4,709,607
—*—
Washington Gas Light Co. (& Subs.) —^Earnings—
,
of
leasing figures for the harvest just concluded.
Expenses
.
'
Charles E. Weatherald has been
^single
<
.
Subs.)—Earnings-
31—
A«
.
.
purposes
March
162, p. 2314.
>
Stewart Mott was elected Chairman of, the board; Forest P;
190,000,000 pounds
*1944
terminal,
shipping operafrom War Shipping
——————
13,193,114
3,895,466
Northwest Division
meeting of the board of directors held
a
Largest
other
all
Administration
3,130,807
■-:-VV'1;'I,-,;'.;w'\.\
A.
New Records SetYEARS
1945
Revenue from charter hire and from
12,863,571
•3,418,790
Int.
United States Lines Co.—^Annual
Report—
CONSOLIDATED
13,045,845
2,068,314
Earned per share of common stock
shares outstanding
—
;
the Chevrolet Motor Division of General Motors
Corp., and will assume
charge of operations of United States Sugar Corp., at Clewiston, Fla,
-
4,553,735
profit after all charges including reserves
for Federal income and excess profits taxes
v
(quoted-
succeed
Clarence R.
Bitting,
and
Vice-President and General Manager.
A. Malcalm Bigg, Treasurer, was elected Secretary to succeed William T.
Bitting, and will hold office as Secretary and Treasurer. Charles
Stewart Mott, of Flint, Mich., with his family and the Motfc Foundation,
has for many years owned a majority interest in the
corporation.
,
Forest P. Trailles, a prominent lawyer of St. Louis,
Mo., has been a
.
.
1,113,759
30,565,918
Net
Other
director and Counsel for the corporation for
Total —————$16,499,166 $15,509,130
—V. 163, p. 2343.
725,739
31,743,151
to
Charles E. Weatherald
1,443!659
857,787
32,920,842
Francisco, Denver, Dallas and San Antonio.-—V. 163, p. 2901.
Tralles
1,099181
—-—*—**—*
3,613,734
481,672
sales
order.
Charles
l.oiolsso "
Capital surplus
$8,078,949
3,006,315
25,311,064
Waldorf System Inc. {&
Total
Bitting; resigned aCPresident and William T-. Bittjng. resignd as 'Vice- ;•
251 339
66,374
1943
$7,889,877
;
163, p. 2488.
Quarter Ended
1947-1965.
year
meeting
consultant to
United States Sugar Corp.—New
1,330 757
60,941
~
■
3,704,588
12 Months Ended March 31—
.President and Secretary.
188,610
,.
—^
contingencies & adjusts
-preferred stock ($5Q par)
$8,811,044
;
possible
San
213 524
1,868,254
1944
998,300
from
Portland, Salt Lake
City, Seattle and Spokane.
The western division will continue at the
company's Los Angeles plant and branches will include Los Angeles,
'
*
credits .i***—
Reserve for postwar
■
director
distribution
At
325,499
$7,997
2,095,590
15,375,932
:
eontractSi—**-—_
6,998
$8,840
-
'1946.
$6,270,933
vise
2,213,378
Accounts payable
?
2,095,370
1,232,568
15,381,443
2,282 152
Advances
7,000
Earnings—
railway-
provide more efficient tire distribution in the Pacific
Northwest, the company's U. S. Tires division has established a north¬
west division With headquarters at Portland, Ore., which will super¬
•
1,626,359
profits taxes esti. to become
excess
collected Instalment receivables
BaL relating directly to emerg. Govt; contracts:
:
66,238
—V.
$300,394 of securities,;
§$280,339 due 1946 (pay¬
United States Rubber Co.—-Opens
$2,750,000
,
payable within one year_—- 1,859,224
Federal normal income taxes applicable to un-
Income and
>
—
and
a
as
In-order
&H-- LIABILITIES—
Accounts
-
railway-
from
•Deficit.—V.
$16,499,166 $15,509430
Notes payable—banks
600
taxes
,
—
i
334.868
Steggall, Vice-Presidents; Bruce B. Bender, Treasurer; and John C.A
Haas, Secretary.
The board of directors also re-appointed the following: Deane B;
Loftus, Comptroller; Edward C. Haas, Assistant Comptroller, and Paul
B. Austin, Assistant Treasurer.—'V. 163, p. 2343.
?•"
" ■
;
•
1.
285,486
1
1
*
Total
600,000
300,000
-
8,085
value
.
,
600,000
347,426
reclassified' for
been
profit
1484.
railway
*
Net from railway
Net ry. oper^ income.—
; 1,674,545
3,282
—.4—
figiires have
162, p. 2772.
inc.
From Jan. 1—
Vice-President in charge of sales, was
elected Executive Vice-President, and all other officers of the company
were
re-elected as follows; Frederick H. Blackmore and Howard B.
25,123
Plant property
1944
27,594
,
:
-
& State
10,125
v;
23,681
expenses
net
Irom
Gross
1945
1945.
in
8,459
8,638
depletion
Net ry.: oper. income—
Peoples announced.
Carroll M. Baumgardner)
244,750
105,985
47,000
23,786
105,985
Mortgages receivable—at cost
as
continues
22,891
21,828
'
314,424
fund) and $690,723 due each
reserve
16,029
7,571
——
3,516,049 r
237,942
17,891
—
sundry Investments—at cost--——-—,..——,
Federal tax refund claiqis
Due
capital
in
1945
$77,802
25,251-
meeting of the board of director^ held in Detroit on May. 16, Provision for operating charges deferred because
Wesley J. Peoples, Detroit industrialist, was elected Chairman of the A .of war conditions»^-.u*-****-,-********^-^*
board of directors and Acting President of the company. Mr.
Peoples
Depreciation, *u.*t**
will serve without compensation.
General taxes.'-i*:*-***.--^-***—i-*—***iL. Gillespie Erskine,. former President and Chairman, who was re- 'r Prov. for
Fed. income and excess profits taxes*
289,701
90,123
—
—**;.**
Net
436,884
278,138
securities,
Government
E, due
series
$80,980
—*—
expenses—....
April-
214,747
261,449
—
(Including
,
^
a
elected
term
bonds,
—
and
162, p.
Gross
United States Radiator Corp.—Changes in Personnel—
-
4,416,570
12,486
3,515,104
**.————_—
of
$13,019,000).
comparison.—V.
$810,417
1,710,679
2,068,283 J
.
83,333
905,647
-
At
2%%
1946
——
Wabash RR.
810,000
re¬
A
'
$2,025)872
835,454
H$50,000 ;due each year 1947-1949. and $610,000 due 1950.
Dec. 31,'45
$779,057
2,437,948 A
1,917,873
4,952,489
,
Inventories
***—.—i
Bal. relating directly to
emerg. Govt, contracts:
Cash (restricted)
■
$131,457
14,182
,
63,320
'
,
163, p. 2773.
Estimated provision for Fed.
—V.
182,286
...
tPaid from current assets
;
able from
.
30,000,
Mar. 31/46
—
Instalment accounts
.
$161,457
N. Y.—V.
-
interest
Miscellaneous
$49,156,913 $35,088,299
$121914,612
value
at cost.
~
SHEET
ASSETS-
Other
"iincludes
•*.
$393,936
13,901
———
CONSOLIDATED
..
Cash
■
i.
•
income
recapture
NOTE*-The
Net income
Preferred
...
,$327,725
r
66,210
■„
an
—
market
1J1,Ui>0
49,686
52,752
„
refunding mortgage
Bond
429,312
41,667
affiliated company.
accounts in suspense
to
foreign
Total
64,724.
561,629.
———.
"
-
266,296
H760~000
1947
Earned surplus since May 31, 1943*—
51,314
120,566
84,448
11,742
administrative
and
Estimated
—*
66,210
•
and
income.-
General
13,403,985
-
—
$1,029,722
190,596
85,530
—
;
54,415"
33,502
——
——
514,602
Virginia Iron Coal & Coke Co.—Earnings—
1,435,803
142,091
-
$975,307*
$781,496
first
Depreciation
■'
('..r
due
-i-r- •
522,124
r
Quarter Ended March 31— '
2,913»978
91,667
1,402,329
profit?—U. S. Maritime
Commission •
—***!——
Reserve for contingencies————**;
Deferred
credits--———*
;——.**
Preferred, stock : ( par value $10 a "Share)
Common stock (par value $1 a share).
.'
Capital surplus __—;
■
53,422
Taxes—except
—*
'Profit
441,860
12,731
/■
' V
•;
1, 1975, are now ready for delivery in exchange for temporary
at the Chase National Bank of the City of New York, 11 Broad
Total
$2,856,174.
—
for workmen's compensation, pier
habilitation, marine and other claims.
Prov.
500,524
O
railway
Street, New York,
A 1944, :':?y
3,032,360
Reserves
1945
-
'•
•
.10,500
and
passenger ticket sales and deposits—
Noncurrent,
$8,390,114
$4,765,463
railway—
Definitive
bonds
"
Earnings-
from
March
than
-
non-interest bearing,
Miscellaneous
Quarter Ended March 31—
;.
$4,611,774
(other
payable to RFC..,
estate-
Other
from
25,952
7,975
f
"
$125,161
19,896
8,312
,
and
note
12,103
,
•41,654
A
1943 •'
$108,542
Virginia Electric & Power Co.—Definitive Bonds--*
$49,156,913 $35,088,299
preferred mortgage notes) due within 1 yr—
';A:*V"' Provision for estimated Federal income tax
Sundry operating reserves*
§Pfd., mtge. notes,
3V2%,; payable to U, S.
Maritime Commission, secured by pfd. mtges.
v
on certain vessels.--—
$1,397,948
$2,020,108
8
10,500
^
and
476,562
; -170,971
and
1,410,023
.
******
>
404,205
226,889
etc;.--
Line
-
•55,631
1
.
ry. oper. income—
♦Deficit.—V. 163, p. 2487.
544,158
•
326,068 1
$2,807,971
1,165,363
$804,204
applicable to
capital stock
Net
prepaid expenses,
1,564,753 A'
$3,185,471
289,400
Balance
-
222,254v
h
A ;■.**■'Aw w'AAA•• •>'«.? iv-afcy
other deductions
Net
11,667,078
"'■285,552
suspense.—;*'
149;248 i Payable to U. S. Maritime Commission
War Shipping Administration
s
1,565,712
Note
Expenses,
;
-
income
1944
$99,896
..
1-—
Net
22,649,652;
pending—
Pioneer
railway..
oper.
1945
$2,425
465,918
.
Marine
Total :***i--*—**—*———i;
,
390,434
♦
394,242
404,202
Gross
10,605,265
etc—
Pacific Line——-i———-i—
Panama
$1,093,970 i
.
,
V 147,508
11 13,241,698
——
accounts in
names—American
Trade
1,282,224
ry.
1946
.v.;-';
■
railway—
From Jan.
1,929,493
156,534
——
claims
other
foreign
insurance,
Unexpired
from
Net
-
and
Miscellaneous
•
Net
4,628,061
1,735,612
—
Merchant
1
from
'
;—
ashore,
the
under
'\
April—
Gross
459~442
.
3,971,852
1936, as amended—.".i
tSpecial and guaranteed deposits
7
Other income,
vessel stores
of
established
269,562
V.,
—
'
V
Commission
Maritime
S.
of
Act
$2,949,887 '
Investments
573,693; t-
1,138,110
$663,543
Bal.of earns." of util.
subs. applic; to UGI.
U. G. I. Co.;
.
'
•
V"
324,902
at cost
U.
Property and equip, (after ticprec.; resents)—_■
$752,487 " $3,206,361
144,.790
571,870
259,729
r
—
Inventories
Funds
Net income j***.L_*_.L A $923,272Vs
$607,597 $2,634,491$2,376,194
pivs. on pfd. stocks, otb.
> :'i\ ^ A>
A
;;..
interests
from
U and WRr Shipping Administration.
Other accounts receivable, less reserve
$2,603,674
346,213
•
'
deduc.
securities,
Government
Receivable
*
3,756,828 :14,722,346
3,772,812
revenues.^
Gross income
former
S.
1^44;
$3,570,112
—
——
—
Marketable-security,
,
"■
income, net-.—
pr.
;
31
V.v ?''1945
$5,435,564
f, 230,000
at cost—,—___—
*
*
;
.
.
:
r
oper,
Cash
$4,412,122 $17,396,305 $16,911,725
$4,587,488
-
Other
ASSETS—
U.
Utility subsidiaries;.
Operating revenues
Oper, exp., maint., prov.
for deprec.
& prov,
tor taxes
U' Net
'v 5?
1946—12 Mos.—1945
,
DEC.
CONSOLIDATED BALANCE SHEET,
;
-
3001
future.
-
;
50,000 shares of
outstanding.
exist,
share,
are
common
April
shares,
of
of
the
($50
stock
which
par)
dividends
(no
annual
an
cumulative
par).
shares
2u,u00
with
are
Each
share
4%
are
dividend, rate
and
of
which
the
of
convertible
of
$2
50,000
20,356
per
shares
shares'-of
stock has become the
authorized
alent
On
stock
which
common
of
■>
70,000
preferred
common
preferred
common
stock
common
stock
and
be
shares
stock
are
PURPOSE—The
will
stock,
common
28,498.4
an^
1.501.6
being
entire
proceeds
*>-<
offered.
now
used
equivalent of 1.4 shares of the presently
shares having become the equiv¬
the preset common stock.
10,000 shares
the 20,356
of
in
offered
the
will
'•aonal
,
of
the
become
company's
shares
of
the
present
,
sale
of
the
part
of
the
operations.
:
-
'
preferred and
general funds
;■
;
'
;
*•;'
THE COMMERCIAL & FINANCIAL CHRONICLE
STATEMENT OP
■
Western Kentucky Gas Co
1944
AA
...
Gross
YEARS
CALENDAR
FOR
INCOME
1943
'
securities
on
Transfer
agent, Citizens Fide.ity Bank & Trust Co.,
Kentucky Trusf Cor, Loiiisvilie, Ky.'
Registrar,
Total
income
from
$724,101
0U4,uzd
—Total expenses
>$565(080
' '4tL»,7H
$219,480
/
250
operations—_
$447,852
•321,778
income
Other
from
operations
$155,369
-
income,
:
—-
dend
,
Net income before Federal taxes-,
Proy,
for Federal
taxes
70,395
**■
Net
for
income
year
Dr305
income
$105,520
20,813
$149,029
Dividends
61,578
*
■
Pr2,384
A
163,*
'
1912.
p.
(1)
March
:•
"
20,851
Earnings
$1,281,437
72,591
™™™_™
Expenses
——
1946,
•
Net
earnings
$1,208,846
——...
Net income
i? Div.
on
Div.
on
1929
($7
■
;
si
_
f 1o
fnr
iiPA
and.com.
567,182
•
;
-
INCOME
Period End. March'31—
Bus
441,854
1,027,831
28,670
-
revenue
—
Otfcer revenue
;
i
Operating
expenses
5,823,397
—
Maintenance
I
r.
Amort, of prop. act.
Fed
tax.
A
.
adj.
250,212
2,0»%,uo0
income
on
*Reducti0n
;
'1,138,051
——
.
,
.■■■«'
*
V" 11,1
Operating
income
Non-operating
;
v.A
♦
$3,842,685
—
income.
•;■»':
,.
$3,965,904
inc.
incl. special
adjustments
tax
pipe
line,
State.
the
$820,468
communities
Total
Owensboro
located
'
;
Gross
Net
the
bonas
Are All ."held,
under
and
company
Bank
&
;
"
'
Co.
^
Net
of
New
tax
special
adjustment
':
.
.
'
■'*?*•••.».t
Net
•/ special
C?
r
income
$1,114,697
-
•A
'
i
■
i'.
w.,
f
H
m
'
$5,331,003
1,341,188
-
,.r
„..
tax
adjust—
$2,208,443
-
$2,455,885
■■■■■•
w?
s,/,
l7«
" '■»***,'
"
r
\*
•
'
.
'
-'.V
; V>
r,
Period End. March 31—
*
Total
open
'
Operating
expenses
Maintenance
-
Tax
oth.
than Fed.
Prov.
;
y
for
Amor,
r
of
507,639
825,059
2,977,471
t'
taxes
on
-
70,169
f
..
$3,187,466
1,019,000
income.
Non-operat. income—
"
•Balance
$1,697,026
334,223
dividends
620,745
16,054
41,938
for
common
53,204
,
Baiance
•Tax
$1,362,803
adjustment
share
on
$1,003,843
™r^.
1,166,330
——
2,935,000
shares
tRdsulting from refinancing.
'■.fNOTE—The accounts
>
jar^not herein consolidated.—y. 162,
.
and
its
^
.Tax.
oth.
;>4axes
—
-
'
$3,709,213
Income
»
•
27,375
>
29,600
,
4,303
v
.
miles
103,800
108,000 ~
$383,517 ;
1,144,210
$255,756
1
229,571
270,308
920,880
an
of
of
routes
$315,167
$482,944
$1,368,253 '
85,243.;;;
the
ten
DC-6
.10,592
railway™.
railway™™
United
♦
p
2773
•
1945
52
passenger-planes
$3,666,868
passen-
Western
Air
Lines
fhght fr°m L°S Angeles t0 the
has
a
5,311,341
2,192,230
1,895,291
-2,750,955
,
18,875,069 .16,172,335
1946
from
ry.
Western Electric Co., Inc.—New Vice
President—
railway_^i._-
President of the Western Electric Co.—V.
163,
p.
2488.
*
income
1,366,004
407,014
A
*'404,790 A
25,000
19,000
18,000
tax
$40,991"
'$111,881
over-accruals for Fed. income
in prior years-—™- -Crl95,857
of
f
Cr96,000
♦
/
-
Cr520,000
Br520,000
^.
«.
$136,991
359,120
$307,738
233,428
15
days
of
167,669
$43*1,061
193,725
37,320
49,684
56,587
1,291,260
1,764,214
1,792,388
A 111,542
548,062
653,427
115,404
155,790
183,241
which
its
major
Under
was-still
may
in
first
Mr.
the
-
two
first
proceedings
220,187
compares
with
v;.:,#;
year
March'31
of
this
be
company's
plant
ovens.
which
These
completion
:
.
*-
to
proceedings
for
as
Price
company
but
this
$312,116,465
in
that
are
most of
now
back in
-"'-v.
Electric
Appliance "Division
resume
resulted
have
in
had
pointed
a
called out
permanent
to
necessary
forecast
manufacture
etep
as
new
out
rebuilt
be
and
toward
peak
maintenance
for
to
this
men.
enamel
work
is
back
getting
into
;
•
peacetime
to -achieve
Mansfield,
this
A
$18,064,979.
of
' •'
>»
'
.,-vA
Distributors, Inc.,
York
high
it
by
working
receiv- A
Federal
'V
'-A
--
,
...
,
".'V
a
.<•
1
A
^
p. 469.
v
v
.
<
V *
^
^
'
Opens Headquarters-
recently organized subsidiary, has opened
headquarters at • 11-30 46th Road, Long Island City
where it will provide an outlet in the New York metropolitan
for
smaller
sizes
of
York
air-conditioning and - refrigeration
Y.)
area
^products. •
Vl
The operation of this
'
-
-
.
:.Aj,A;'A
A
AAA
valuable supplement to the parent
(100 E. 42d St.), which
continues to sell the large and more technically engineered installations direct to consumers in the same; area and throughout Nev/ York
unit is
a
corporation's district organization in New York
A
State.
The
W,
his
.
A
United '
accounts
payable; including sundry accruals, $1,929,-
AAA:'vA-A*#-
'■
new
building .just
"
-
completed for York Distributors has approxi-
mately 17,000 square feet of floor space.
production
and
its. permanent
production
necessary to provide working capital at an all-time
means
of a
recent $80,000,000; bank loan.
The company's
capital now totals $282,000,000.
J
$695,426;
deposits,
notes
taxes,
"York Cofp.—-Subsidiary
this
A:.
operations
record
at
nearing
total,
$82,556;
accrued
N;
Ohio.
annealing
now
demand
$1,865,698;
treasury,ADr$3,700,"-,total, $18,064,979.—V. >163,
in
•A(n;
major products »at
plant in
damage
refrigerators,
that
of
and
$121,947; Federal income taxes and War Bond
subscriptions withheld from employees (see contra), $52,980; reserves,
$471,745;-7% preferred stock (par $100), $7,186,133; common stock, v
(200.000 shares no par), $4,388,889; surplus, $3,917,261; preferred stock
''
,
hand
securities,
LIABILITIES—Accounts
to
the company's 25 principal manu¬
production but-that another Week
to
-
corresponding
^
on
Government
charges,
.
A724;
adjust¬
AA#;AA;;;-/'
such date.
It is expected that similar ;;
the year 1945 will result in no liability
A
•
A.-A.AAA'
A;..
A
(less reserve $186,122), $1,272,800; claims for refund of
taxes, $760,600; inventories, $4,465,607;-cash
employees' Federal income taxes and War Bond deductions (see
contra), $52,980; property, plant and equipment, $8,869,312; deferred s
He
,
^"$8,893 A
Control-Act, A
completed to Dec. 31, 1944,. and
income and excess-profits
;'.vA;.2 A:;-AA'
the
101,733
*8,000
for
was
amounted
been
Aable
were
required
a
Such
year
-
major appliances such
has been
quarter.
quarter."
of
82,077
5,200
-
-
ASSETS—Cash
•
$6,929,194 ■'
6,531,453
296,901
CONSOLIDATED BALANCE SHEET, MARCH 31, 1946
'
v
States
weTe-$373,561,735.
Net sales billed;in
$31,452,123 compared .with $194,-
year
During the strike, the Union had
A
the
ago.
Pri.ce reported
will
-•
of
j
18,556
given a clearance without liability for refund
for refund,
,
months
1943
$6,910,638
$263,422
have
the companies have been
with
respect to profits
>' renegotiation
were closed by
a strike,
May'29.
"-A A
;
MiA iPrice pointed out,, gives jtio
end
♦
$4,285,113
4,315,458
145,800
!™
:
755,203
plants
on
the second
three
orders on
# facturing divisions
or
the
in
quarter
a
the
at
progress
be made at the-end of
booked
.
rentals, etc.)
;
the renegotiation provisions of the War Profits
renegotiation
1,725,976
A
CIO's United Electrical Radio & Machine Workers .on
Jan.
been absorbed in operations currently and not charged
to
reserves created during past years.
"The reason fof not making
Such adjustments," Mr. .Price, explained,
"is rthat;the Westinghouse
strike
1946
.$4,261,370
23,743
.
Cost of sales and expenses™
1—•
Jan.
»
.
"Net loss'
$440,886
123,106
32,254
ncome
■
1943
$426,227
27,144
to the carry-back features of the Federal Revenue Act.
emphasized that losses incident to the 118-day strike which
-Mr.
Vice
;
25,414,481
1,057,275 A
400,257
Provision for estimated State Income taxes™-
A
1944
by the
15, have
A?
"f.
23,484,245
1,010,743
Depreciation and depletion —
:
Taxes, other than inc. & excess-profits taxes—
1945
$312,787-
ralway
oper.
but
371,393
:
Amer-
1,830,286
1,102,864
•'
$26,138,833 "$28,734,555
S 'Total:
called
the
Mexican capital. #
George L. Best, who has been Assistant Vice-President of the
Telephone
and
Telegraph Co., was on May 28 elected
855,988
13,074,518
W6Stinghouse Electric Corp.—Loss in First Quarter—
The corporation1 lost $18,724,601 in the first quarter of 1946
during
on
ican
7,132,936
(interest, discount, rentals, etc.)^-
3 Months Ended March 31—
Net Sales Arid operating revenue
Others income -(interest, discount,
901,546
1,336,145
-Unfilled
$
order X
proposed
>483,295
*
»•>
CONSOLIDATED QUARTERLY EARNINGS STATEMENT
,
1,643,846
,
6,219,721
A-A Orders
-
Western
now-on
>
>
fResulting; from ^accelerated;^Amortization' of > emergency
-.-A-'.:A'.--:
■
'
'■
'■ '"'
-
1943
$4,681,363
2,173,265
' 574,775
1,622,701
.481,137
v
344,989 '
.
1944
$4,555,354
605,812
income™
ments
♦
l<
•
V
443,979
6,636,882
1,454,175
sales, axel. >of -items shown "separately
provisions;
'.'.facilities.-..
effect
J
States.
1944
•Including $60,000 >in 1945 ;and $96,000 in 1944 representing Claims ;
excess profits taxes under carry-back 'v
$3,156,981
from'
?also
,
Western
118,263
;
..'.....
....
Dividends paid .on preferred Stock...,
340,572
7,509,877
all
'
$984,856
mfle^frnm 'r wiil estabiish SOO-mile an hour service, flying the 1.564
11 ^ Los Angeles in approximately seven hours, including the
stops at San Diego and La
Paz.
>™A
Special provision to reserve for depreciations-
Co.—Earnings—
Gwilyra A. Price, President, reported
ApThe operating loss lor the-period,
2
,
the
628,849
Net- income for-the* year—-—
2,696
on May
over
$1,913,641
567,423
1946
tCiahns for refund of federal inc;-and excess
profits taxes paid for years 1941 to 1944—.
de¬
This
22 awarded; this corporation A $106,063,528.
service between Los Angeles and Mexico A -quarter of 1945.
air
' 1945
$1,860,094
384,986
;
,1945
1944
.<
operating revenues™:^™—— $26,057,554 $28,638,012
81,279
96,543
and
♦Adjustment
l,078,p00.
*$282,735
-
3,031,473
.
1,006,170 ^
$1,389,687
A 404,831
$1,002,239
$1,823,782
"
and excess profits taxes
13.581,304
37,500
_t«e£ H- Dwerlkotte, Executive Vice-President, declared that
t0. in^ueurate the service with DC-4 Skymaster 44
planes and when
Jir
.
$2,446,255
railway#.—
1
"*22;803
263,591
112,140
the proration rules of
drilling nearby is now in
Net income before items >showhAbeloWa#i£iii-
•
' $306,965
$368,021 >S$1,451,175
112.265 ;
448,936
—-$290,070
ger
163
$1,403,824
4946.
oper.
From
"
new
with
Additional
;-;;«pon: abandonment.iii--.w-«L.^--.i;i^i--#.--.''
™--Federal normal income tax and surtax
;—'
117,782
$585,475
'
City, with intermedate stops at San Diego and at La
Paz, Lower Calllornm.
The line will add
approximately 1,564 miles to the corpora-
,2-y.
ry.
Net
36,300
.
$402,210
authority, to establish
,»
95,490
t$53,164
from
Net
$104,430
$85,363
316,847
—!£|*e Civil Aeronautics Board
T
30,810
April
'
Western Air • Lines, Inc^Air Service to
Mexico—
tlons
$2,328,473
$544,665
railway™™
Net ry. oper." income—
—V. 163, p. 2774.
Net
'
t
$1,308,334
f $85,869
,
-"From Jan.'l—^ .--A#
subsidiaries tf,
42,000
a
drill\ig
Unamortized mine development costs written off
-
'8,726
accordance
in
Commission.
other than income taxes--^-^
Taxes,
$1.26
>
10.500
162, p. 3122.
xc
Dr58,955
X)rl4,143
:.
10,500
deductions
Net income
>
Cr251,379
Br53,939
,-Cr74.633
v
6,495
renewed
a
;
.
-
♦
"
-
of
Depreclation:anddepletion«fc«.-**w-—1,113,707
.
2,337;827
-
producing
now
Railroad
•
;
sales
,
i.;
Gross income
.
-Crl93,259
Cr53,780
•
82,918
•
Federal
income
on
Operating income—
Non-operating income^,
;•
$410,988
.177,160
..
Prov. for depreciation—
Fed. taxes on
income.^.
>.
$2,136,049
Drl2,388
1946—12 Mos.—19451' : ^ Gross .from
raiiwayu..__
$1,553,207
$1,595,652 % Net from railway
192,683 # 718,199 ^.
731,232 ~ Net ry. oper. income
58,349
"354,868
312,600
—V, 163, p. 2488.
$392,036
expenses"
than
$1,169,014
32,705
amortiz.
Gross, from
1946—3 Mos.—1945
revenues
Maintenance
$494,175
income
oper.
Gross from"
West Penn Railways Co.—Income Account—:
Period End. March. 31—
Operating
Operating
^
s
3122.
>p.
result
Selling; general and administrative expenses---
2,820,000
Westefn'Ry.' df Alabama—Earnings—
Power Co.
a
below
-8,069,623
f$127,261
...
income..—
Gross
•
-J&:
•
<*
7,718,980
-1,000,000
April—
r
of Monongahela
as
for refund of Federal income and
; $6,047^40#
$4,148,328
1,753,627$1.41
-
-i.——^
completed
by the hoard as one of their successors.
Cost of
622,000
Western Pacific RR.
Net
$5,901,955
last'report the company had brought in
be
CONSOLIDATED INCOME ACCOUNT FOR. YEARS ENDED DEC. 31
Net
♦
$9,887,994 $13,025,672
2,059,465
tDeficit.—V. 163, p. 2774.
■
;
..
to
a
Wood
fleeted
1946—4 Mos.—1945
;$3.175,640.
1,785,558
__
;
'
:
15,
Total Income.
1946—Month—1945
fense-projects
-
^
$2,170,573
per
interests
!Ry.—Earnings—•
$1,673,297
___
(net)
rents
charges
Net
•Inch
1,336,893
.*
'*•
Per
Fixed
$7;383,933
^
$1,362,803
cents
17, 1946, theiKoppers Company, Tnc., sold its stock in the
Steel Co. (110,000 shares, 55% of the common stock) to
already identified with the company. Stanley N. Brown and
John B. Black, the representatives-of Koppers Company on the board,
resigned as-directors of the company, and Harleston R. Wood Was
$80,586
1944 figures' represent
the combined income
Gas. Cot and. Western Kentucky Gas Co.'for
Gross income
$9,515,882 $11,133,999 S
2,277,035
3,750,066
1,336,892
and
Texas
Pennsylvania
679,368
334,223
25
38,827#
55,151
Income
s-
$7,238,847
his
since
first
Other icome
expenses
Net from
surplus, ineluding spec, tax adj.
-
'
$2,504,796
stock and
^ r
;
'
The
Owensboro
revenues
ry;
Other
$8,895,137 $10,454,631
165,987
$2,317,338. $3,122,153
•
620,312
617,357
Net income
'
$2,956,166
Oct.
railway--™
7,232,472
Net from railway--—™-™^
1,099,189
•Net iry. oper. Income^.™^^.—95,688.
—V. 163, p. 2774.
30,222
12,300
$99,149
merger.
of
fac.
Net
'
Crl,161.634-''',
—
'■
of
payable July 15,-1946, to holders, of
dividend of 25 cents per share was
1946, to stockholders of record ♦ Sept. 30,
From Jan. 1—
1 1
\
•
,
dividend
v
/
further
Gross from
16,837
15,000
Joint
70,249!
;
.
1
,'
(Alan) Wood 'Steel 'Co.—Earnings
A
"Gross income
---Income deductions
Preferred
"
——
148,872
; r
-
3,004,704
282,379
11
that
tfce
Alan
Operating income
Equipment rents
$3,591,166 $11,670,137 $12,482.6311
635,000
2,775,000
3,189,634k
/
'■rv.'!!-n
%>/:<$
——
-*-«
Operating" income —$2,168,466
_
70,249
il'"t>l"f
;
A
Net" ry. oper. Income"-™
t
* Ay
'
-2,690,953 j
1,756,026 7
1,799,121
866,914
■tReduction
■
-2,869,886
487,528
4-.y i
^
-5b8,324
'
inc.
Operating income—;
Fed.
668,213
.
—,
to
Operating
1946—12 Mos.t-1945
depreciation,
pit. acq. adj.
-J.'ji.
■
.
1946—-3'Mos.—1945
1
1
stock,
1946.
Gross from railway™™
^Net from railway—#,tl-A--™™-
.
,1944
18,530
-
Taxes
$8,119,092-;''$8,319,087 $31,444,058 $31,231,433 i
2,838,802
2,756,650
1,845,064
11,226,870,?
revenues—
;
Wisconsin Central Ry .-^Earnings—
$43,998
$27,382
figures include Western' Kentucky Gas Co. for the full 12period and 10 months of operation of Owensboro Gas Co.-
Operating
West Penn Power Co. (& Subs.)—Earnings—
-
1
t1
Dividend, etc.—
initial
an
1,190.556
.
'
*
-
Period End. Apr 30—
/Tl li*'
<;
.,
declared
common
is
revenue.
Western Maryland
prop--
,
'
TT
have
payable
progress..
York,
36,167
-
?
.the full period.
$7,180,333
$7,472,028
>'
1"
,
3,845^313
1,018,763
-
The company -is now receivhig income from 81 producing oil an<j
gas wells of which 18 are wnedTn-joint account vnder the agreement
;with the Arb- Equipment Corp.—V. 163, p. 698,
<
143:527
v#;
income
accounts
Including
perties.—V. 162,, p, 2993.
■ "1
'
v
30,
test
Net income
prior
3,015)743
"*Resulting from refinancings and from sale of transportation
>,
.
the
under
the
;
$742,103
428,982
fixed charges^#..
month
$4,164,590
2,141,025.
•
8,808,564
joint operating agreement with the Aro Equipment
Corp.
This well, located on the Grant Lease east of Belchersvllle,
North Texas, flowed at the rate of 77. barrels per hour of high
gravity
oil
through 3/4-inch choke on 5-four official Railroad Commission
»
'
$2,208,443
L
Tax adjustment
;
}
7,819,544
2,733.044
>
,
A;',
letter to stockholders on, May 29, Jbhn R .Moulton,
President^
stated
The 1945
Net inc.. before
I
1,230,284
program
■'
476,942
operating
Gross
$7,180,333
$7,472,028
568,336
June
a
well,
A
1945
:
$823,775
-
=
.320,268
On Jan,
12,846,210,
"'
$2,455,885
3,987,039
declared
;$20,026^543
9,095,769
9,397,385
'679,468
on
1946.
-
Other income
2,123,249
05,647(222
directors
record
16^242
.
-
'998,582
;
-
railway.)™
163, p. 2448.
share
the
163,735
taxes
662,833
268,359
■
railway™—
oper. income™
-The
283,000
CALENDAR* YEARS
Operation
Federal-taxes
V
<
-1943 '
$2,237,140
$1,978,026
996,114
310,987
Wichita River Oil Corp.—Iriitial
single institutional
idated; Nov; '1, 1945,:
Gas purchased
General
by
a
Trust
.
Maintenance;
;;
•30,858
April—
Gross- revenues
I
by
-indenture
an
Chemical
$2,360,8761
♦111)456
•
,
in
<f$729r,000
;
r.^
from
ry.
—V.
from the sale of gas and
In December, .1945, '17,384" '
j
be
in >the
'
,
$1,057,461
from
Net
.?
in'the
—•
will
Only
'
operating revenues in"
properties for-the
stated fftt
no par),
it
improvements
,
Income—
oper.
ry.
in
■>
,
From Jan. 1—'
derived
was
bonds, due Nov. 1, 1965..
pfd. stock (par $25)_™«„_
A
327,069
-
Net
Gas
1
production
organizations.
.
gas
built
$19,699,474
$4,579,134 $16,567,797
$2,208,443
--
retail
manufacturing
-.---.A-;A-;#;.:
-'
April—
;
v
Gross from:railway™Net from railway—u™
to
constructed
triiqtdp
Total
Net
Corp.
*—1——^^ Depreciation;' and amortization.
528,246
4,757,461
—
which
'•
4,325;095
$16,039,551
of
in Delaware
the
-were
all
Wheeling & Lake Erie*Ry.—Earnings—
'
' 1946 ',
1945
' 1944 >'
'
as.
A
interest
gas' for .residential,', commercial,
Kentucky
the
EARNINGS FOR
:: 5,562;411. '
'79,575
series
of
,
'
-A;
-
In
from: miscellaneous' sources.
cum.
between
—i—j—?
■>**•--.
Gross income —_
Income deductions
37
of
(including
•The first mortgage
$4,499,559
123,219
y::'r.r.-■■■■-■■
in
parts
♦investortand 'were^sued
.
1
-
taking .over
Kentucky -which
Kentucky Natural Gas
purposes
$323,775
were
4.80%
918,862
581,597
'"8,26y;230" '8;407,973.;
Crl,613,900 Cr4,146,214
—
4%
accrued
First mtge. 4%
22,060,193
4,371,666
5.571.642
'1,468.375
'241,224
l(»aof<j<s0
(2)
-Incorporated
was
of
purpose
f Common stock (16,34£Lshares
# 1,054,392 ' A'! 5.315,613 At 5.007', 187
1,259,774
; 1,133,661
-1.577 509
Tax, oth. than''Fed. inc.
Dep., retire. & deple.—
mortgage
result of these cost; Obstacles to
than ever before to accelerate
efficiency
2343.
♦P,
.
A:;;:-■ A-^
■■
CAPITALlZATION^-On ■ completion of the proposed financing,
capitalization of the; company will be as follows:
' •'
84,104
.•
23,191,337
5.490,376
the
western
balance
:
$15,981,288 $15,827,857 $62;064,001 $61,497,716
rev.-
and
period), of
■
Total operating
the
4,319,650
97,559 ;
.
for
located- in
'2,637,153
♦1,746,482
4,291,309
-23,773:
• par
As ♦a
;
necessary
higher individual productivity can we hope to bring living standards
higher, or for that matter, keep them from falling back."—V. 163.
T
premium
per share
share thereafter
Kentucky
full
'1945—12 Mos —1945
432,483
929,741
divi¬
any
a
first
BUSINESS-r-.Company
customers' were. billed.
SUB.
plus
$2.50
1930.In' November,
of
the
$673,905
*
AND
$100,000
1934,
systems
industrial
1945
$14,059,720 $14,046^269 $54,719,172 $53,311,719
" -423,213
>395^91
1,209,479
1,145,,090
c—A—
•Radway revenue
.>
Mos.-#1945
1946—3
revenue
COMPANY
OF
lt>57
i,
first
of
The company now' distributes natural
and
''/-V,,,v*■'
$1,407,674
$188480
ACOCUNT
V
and
central
414,806
'
1952,
Green, Hopkinsville and Russellville.
>2,268,729.
414,806
^?«"'.!•;*•-'<*'•
■
,$479,791
slocks—
Gas revenue
,
$3,357,440'
2,268,729
103,702
103,702
'
"T-fc
ee.
CONSOLIDATED
Electnc
'$4,090,609
.567,182
■
.
273,344
275,442
.
stock
A
cumul.)
•'-jRttlq
-66,211
-
including \ivAay
1,
turers.;
productive
1942, the company acquired the prop-:
Pubnc, Service Co., operating a group of distribu- :
tion
systems in Glasgow, Horse Cave, Cave City and some smaller
communities in the general
vicinity.
As of Nov. 1, 1945, the Owensboro'Gas Co. was hierged with the
company.
This resulted in the;
-acquisition of "natural gas distribution systems at Owensboro, Bowling
$3,630,784",
$4,366,051
'
'
'
-
-
$1,143,675 V $859,064
—•
pref.. stocks—_
Class
$924,275
-
>65,171
•
dividenas
May
on
more
"
,
company
mortgage
bonds
4%
series A,
(3)'to reacquire 10,000 shares of the common stock of Western
September,
erties
"
Int.,
amort,
of
debt
..discount, etc. ..i—
tne
at par and
including
"$100,000
on
conjunction'with
$3,863,406
232,622
$4,641,428
275,377
$985,199
• 60,924
■
tuia
call
HISTORY AND
in
1946—12 Mos. 1945
-
and
option of
period
postwar
,
>
1945—3 Mos.—1945
notice
to
to
up
To
31,
$1,667;
West Penn Electric Co.—Earnings of Company Only—
Period Ended March 31—
days'
up
the
Kentucky Gas Co., at par.'$100,000;
distribution
u
of materials and increased labor costs," Mr. Price
"naturally mean higher cost of doing business in the
for Westinghouse as for all industry.
While some
-substantial price increases have been-permitted by OPA, these have
only partially offset the effect of increased, costs on the manufac¬
concluded,
-Kentucky Gas "Co. at its stated value of $10 per share, $100,000; cash
for additional working capital, main extensions and
general corporate
purposes, $78,465.
♦
,
,
J
•
V-.
30
share
ana
at
•PURPDSE-^-The n'et proceeds from this financing will be applied
follows:
y
$85,526
/
v
redeemable
upon
per
Western
"
$86,471
Pr945
$107,904
$149,334
income.
'
1
■■
is
to'and including May-1, 1962 and $1.50 per share thereafter.
up
40,267
'*
date
$3
thereaiter
'$326,738
.
47,649
'
'
'
'
—
Adjustment of prior years'
Net
$155,553
-$219,730
,
income;'
on
$126,074
-184•
664
.
5;#:''Higher costs
Louisville,1 Ky.i-
.
The stock
of
Net
Preferred Stock Offered
—J. J. Hilliard & Son, Louisville, Ky., on
May 15 of¬
fered 11,320 shares of 4.80% cumulative preferred stock
(par $25) at $26.50 per share and dividend.
sold—™'
$584,054
$474,191
$370,725
liuerest earned
_1—_—JAAA
87,125 A#'64,481*52,859
Dividends-on stocks
'
,, 38,134 .ft?.:;:/
18,664 •
13,233
Commissions on brokerage transact.
14,787
;
7,743 ]J£••>•^1,033
profit
Monday, June 3, 1946
fR. C.
is
President
Pusch-is
and
Treasurer
of
the
-"A'A''-...
new
corporation,
and Sales- Manager and John F. Lebor
The board r,f directors consists of Stewart E. Lauer,
R. Hertzler, E. A. Kleinschmidt and A. Christensen.-
Follett is Vice-President
Secretary,
Pusch, J.
163, p. 2488.
Mr.
V.
A.
,■>
'
'j-
.
(Volume 163
Number-4495
THE COMMERCIAL & FINANCIAL CHRONICLE
The
3003
Capital Flotations in the United States During the Month of April
And for the Four Months of the Calendar Year 1946
Total corporate emissions for the month of
April, 1946,
"Were the largest for any month since
Septemoer, 1945;
the total adding ^up
$677,262,434, as compared with
$435,629,948 in March and $656,045,237 for the corre¬
-
eleven
aggregating $82,342,000 or 12.1% of the
This compares with 9.4% of the issues so
placed in March, 28.4% of the February total and 12.1 %
of the January total.
The principal issues
brought out during the month
were $125,000,000 Shell Union Oil
Corp. 25-year 2 V2 %
debentures; $50,000,000 Panhandle Eastern Pipe Line
serial debentures; $41,000,000 New York
Chicago &. St.
Louis RR. refunding 3s; three issues of
securities aggre¬
gating $51,912,500 of Tennessee Gas & Transmission
Co.,
including debentures, preferred stock and common stock;
$37,348,650 (316,967 shares) Monsanto Chemical Co. $3.25
A
feature of the month's financing was the large
amount of stock flotations, the total
adding up $256,430,434. Of this amount $83.538,549 was represented by
issues and $172,891,885 by preferred.
It should
be mentioned here that our totals do not include
secon¬
common
dividend cumulative
preference
dary offerings, which for April alone totaled $93,147,746.
Offerings in this category represent for the most part
large blocks of securities already outstanding the owners
-
or
part of their hold¬
CORPORATE
FIGURE
BY
MONTHS
-t!945
'.V;
A
.
'
;w;.
New Capital
Refunding
Total
9
9
131,170,053
F!ebiruftry.N.-«^,i^Lw-..
112,954,001
264,262,410
307,414,675
47,088,901
128,215,273
March—
New
*!
244,124,054
311,351,311
1
,
Flrstquarter—^
306,474,227
684,631,086 {
991,105,313
•
1945
•
■
AND
-
Ctfs. of indebt..,—
1
U.
?
Savings
bds.
"
'
'
Tax
Antic'n notes-
92
4
{Apr 11
:
824,349,591
1.302,898,000
8,870.000
1,316,110,000
1,310,259,000
1,315,262,000
946,000
1,317,056,000
1,310,259,000
91
day Treas. bills
1,315,262,000
Ctfs.
Treas.
8,356,656,000
bills
Mar 20
U.
of
indebt—:.
2,819,514,000
667,762,712
S. Savings bds.
Depositary bonds.:,.
1
;
Total for
Total
notes-
667,762,712
6,406,000
299,037,900
four
299,037,900
9,047,065,612
ApyiJ
for
2,819,514,000
-
6,406,000
-I
'
Tax Antic'n
Apr
626,371,491
3,682,000
{178,697,100
—
9,181,005,591
day Treas. bills
Apr
:.v-—
—
1.311,768.000
91
Apr
9,040,000
'
178,697,100
day Treas. bills
91 day
2,019,000
1,315,311,000
1,304,361,000
3,131,710,000
3,682,000
18
Apr
4,540,000
1,303,477,000
1,301,797,000
626,371,491
\...
Total for March.
j Apr
8,064,043,000 ;983,022,612
months.. 40,388,236,837 36,486,936,000
•INTRA-GOVERNMENT
I:940-«,
3,901,300,837
FINANCING
Net Issued
Retired
Issued
1 Certificates
Refundlng
13,550,000
72,500,000
x58,950,000
————————————————————
747,327,000
34,025,000
713,302,000
.Total for January——.^.
760,877,000
106,525,000
| Notes
Total
-
:
137,683,000
176,456,350
191,107,290
363,837.701
38,773,350
62,615,780
45,455,742
98,346,215
103.534,713
160,961,995
148,990,455
877,915,694
146,844,872
339,563,928
486,408,800
736,847,786
S.
Depositary bonds-
| Apr 25
...
141.067.9Q8
day Treas. bills
1
Mar
-t1944-
$
322,970,703
$
1,308,017,000
1,303,816,000
1,315,311,00U
1,313,401,000
3,131,710,000
day Treas. bills
day Treas* bills
91
Mar
'
278,899,772
162,182,000
295,766,014
day Treas. bills
9
New Capital
.$.
.
January—
i
.
New
Indebtednese
'
Refunding
$
Mar
j Mar
1044
f Total
Refunding
5 i
.
44,070,931
28,925,290
68,071,687
435,629,948
r
Cdpitai
1046,
Accepted
91
Mar 21
-
Private financing for the month of April comprised
OF
91
-
Financing."
SUMMARY
91
; Mar 28-
:
-
,
t
7
Mar 14
Municipal issues for April footed up $71,344,058 as
compared with,$87,442,931 in March (revised
figures)
and $49,084,535 iri
April, 1945. Of the April figures $61,320,558 was for new money and $10,023,500 for
refunding.;
Below we present a tabulation of
figures since Jan¬
uary, 1944, showing the different monthly amounts of
corporate financing. Revisions of the 1946 and: 1945
fig¬
ures may. be necessary,
particularly as additional private
financing is brought to light.
;
ings, prefer to do so by making a public offering of the
securities involved.
A list of the issues so
disposed of
in the month of April appears at the end
of this article
tinder the heading "Securities not
Representing New
t
Mar
stock, series A and $30,-
600,000 Pennsylvania Co. serial notes.
Total Amount
(Security
-
'
-
refunding.
which, desiring to liquidate! all
Type of
Dated
I
.
'
sponding month las-vyear and $810,260,915 in September,
1945. Of the month's total
$289,599,643, or 42.7 %, was
for new capital purposes and
$387,662,291, or 57.3 %, for
of
issues
month's total.
!
654,352,000
i
Certificates
!
*;{:>•[[ t
.V;
February—
Notes
10,000,000
10,000,000
:—^
263,060,000
21,135,000
273,060,000
31,135,000
months—
1,033,937,000
137,660,000
■
■■■
V
———.
241,925,000
•
■
-
April
289,599,643
387,662,291
555,122,202
159,360,133
367,086,226
1,352,125
'
r
Total
100,923,035
677,262,434
...
Jun»
79,085,300
656,045,237
526,446,349
80,437,425
76,399,341
36,115,868
108,100,665
189,591,294
36,398,283
85,002,408
184,500,006
225,707,162
121,400,691
—.—;
Second quarter--^-.
—;
-V-
•
,
\
for' two
February
r
241,925,000
896,277,000
'
■
261,635,283 1,001,293,728 1,262,929,011
—-
for
Total
;
148,913,492
,.-5
March—
[Certificates
382,694,367
531,607,859
186,300,000
185,550,000
80,000,000
106,300,000
53,205,000
132,345,000
371,850,000
133,205,000
238,645,000.
85,000,000
*85,000,000
206,680,000
'Notes
33,185,000
g 173,495,000
(Bl*
722,258,295 1,018,016,659
^-.L-
___
September
57,327,813
105,572,951
,
157,252,988
143,408,024
30,208,620
.Third qiiartay
——
Rlne monf.hB
v
,
,
,
J
-
■
——f
407^642,920'
193,109,384
708,303,942
,901,413,326
,
826,381^452 3,531,771,293 4,358,152,745
Oatober——
'■
.
Wovember—nnr
488,867,748 1,430,562,237 1,919,429,985
213,629 022
v;
136,614,813
60,276,071
JPeeembw
1CA
988,931,090 1,202,560,112
101,548,627
161,824,698
097
;
OO^OOI
040
014-
!
CAl
09i
618,835,452
338,394,097
26,565,747
«755,450,265
t
116,304,052
364,959,844
136,738,437
183,614,945 1,073,533,601
1,257,148,546
4An
20,434,383
¥ r
Twelve months
i'i-■
''
>:•■■■■
Treasury Financing in April
Secretary of the Treasury on March 20 announced
an offering of % % Certificates,of Indebtedness of
Series
D-1947 in exchange for Treasury Certificates of
Indebt-.
; Date
only $2,819,514,000
were
redeemed in cash.
The
accepted, the balance being
:**■,
Amount
jOfferedv Dated:
Total
i
Total for
for
1
Mar
7
91
[ar
8
Mar 14
91
[ar 15
Mar 21
91
[ar 22
Mar 28
91
'eb
8
Mar
announced
Feb.
on
Accepted
days
days
price
days
days
2,013,988,000
2,084,615,000
2,074,769,000
1,984,509,000
1,308,017,000
1,303,816,000
1,315,311,000
1,313,401,000
1 year
1
far 1-31 Mar
.
4,104,216,000
Treasury bonds of 1946-49
3%Treasury bonds of 1946-48.
There
are
and the
how outstand¬
ing $818,627,000 of the 3 Vs % bonds and $1,035,873,400 of
1 10-12 yrs.
626,371,491
^rl-3lMar
2 years
Civil
3,682,000
178,697,100
Treasury Vinson on April 13
exchange offering will be made to
an¬
the
holders of the Treasury Certificates of Indebtedness of
will mature May 1, 1946, in the
amount of $1,579,292,000.
These certificates will be re¬
deemed in cash when they mature.
Series" D-1946r which
Outside
of
the
above
the
Treasury Department
Service
Savings
;:
By all of these operations the Treasury Department,
or exchanged $9,0.47,065,612 of its securities of
which
$8,064,043,000 was used to pay off maturing obligations.
sold
We
present
now
UNITED
Date
Offered
STATES
our
Due
Deo 24
Mar 29
Apr
92
Apr::
Apr
81
Applied for
for;
Jan
3
91 days
2.904,956,000
10
91 days
2,259,444,000
91 days
2,005,255.000
11
Jan.
Jan
18
Jan
24
91
Jan
25
Jan
31
91
Dec
17
Jan
1
Jan 1-31 Jan
1
7 ;v
8
Apr 12
Apr
Apr 19
Apr
Apr
days
days
1 year
10-12 yrs.
,
days
99.505 +
2,016,155,000
2.025,044,000
3,323,194,000
959,559,756
Jan 1-31 Jan
12 years
10,441,500
Jan 1-31 Jan
2 years
301,781,200
Insurance
:
for January—....,..
Feb
1
Feb
7
91 days
Feb
8
Feb
14
91 days
Feb
15
Feb
21
91
Feb
21
Feb
28
Jan
21
Feb
1
:'Xj 1
DURING
Amount
Accepted
1946
days
91 days
91 days
99.905 +
1
10-12 yrs.
Feb 1-28 Feb
Feb 1-28 Feb
Feb. 1-28 Feb
f-
.
1,302,898,000
1,316,060,000
give complete details of the capital flota¬
we
!
Long-Term Bonds and Notes (Issues Maturing Later
j
Than Five Years)
7/a
RAILROADS
a
2
*
} $23,000,000 Great Northern
•
;
b
12 years
2 years
j Total for April.
301,781.200
99.904 +
0.375
99.905 +
99.905 +
0.375
99.905 +
0.375
2,819,514,000 100
667,762,712
a
%
a
6,406,000 100
t
\■
;.
r
I
'"
<
,
I •Average rate on a bank discount basis, a
Comprised of three separate series, of which series E have
10-year maturity, are sold on a
discount basis at 75, and yield
2.90%; series F have a 12-year matur¬
ity, are sold on a discount basis, at 74, and
yield 2.53%; and series G
have a 12-year maturity, • are sold at
100, and bear 2ya% interest,
b Comprised of separate issues,
designated Treasury notes of tax series
A-1945, series C-1945, series C-1946 and series C-1947. Series A earn
t^bout 1.92%
a year and aeries c,
OF
J.
t
about 1.07%,
i
FUNDS
•Total Amount
Security
Accepted
•;New
$
an;.. 3
91
day Treas. bills'
ji
'an
10
day Treas. bills
1,302,898,000
1,316,060,000
1,310,993,000
91
series
bills
1,312,132,000
Jan 24
1,309,645,000
2,487,000
91
Jan
91
day Treas. bills
day Treas. bills
1,316,791,000
1,315,717,000
3,323,194,000
959,559,756
31
Jan
1
Jan
1
of indebt.-—
U. S. Savings bds.Depositary bondsCtfs.
Jan
Jan
I
Treas.
Tax
v,
Antic'n
notes
100
„{
11,158,574,456
'
6,757,000
99.905 + *0.375
Feb
7
14
1,301,118,000
99.905 + *0.375
99.905 + *0.375
Feb
Feb
21'
1,316,466,000
99.904+ *0.375
Feb
28
Feb
1
Feb.
1
2,005,866,000
4,952,949,000
4,952,949,000 100
622,403,078
a
4,027,000
180,952,100
for
1,309.003,000
4,027,000
January-
100
180,952,100 100
■>: Va
a
91 day Treas. bills
91 day Treas. bills
1
301,781,200
'
day Treas.
bills
92
day Treas.
bills
1,316,466,000
indebt.—
4,952,949,000
S. Savings bds.
Depositary bonds
622,403,078
Feb B
622,403~078
4,027,000
Feb
4,027,000
Tax
Ctfs.
•
of
U.
-
Antic'n
notes
•
1,314,673,000
1,316,013,000
4,952,949,000
for February
11,001,591,178
Total fbr
February.—.^ 11,001,591,178 10,193,756,000
^
Co.;
&
1
•
!
Leary
Co.;
& Co.; Jack M. Bass
Bear, Stearns & Co.;
&
Co.;
Hill
&
Co.;
Kalman
&
Co.,
Inc.;
Kean,
Marx
'V'r
A.
&
E.
Co,;
Masten
Mason-Hagan, Inc.; Mason, Moran & Co.;
&
Co.; Morris Mather &
Co.; McMaster
1
'
,
180,952,100
\
,
Hutchinson
politan
The
807,835,178
Blair
Taylor & Co.; Ladenburg, Thalmann & Co.; Leftwich and
Ross; Lehman Brothers; Martin, Burns & Corbett, Inc.;
\
"
Co.;
Graham, Parsons & Co.; Granbery, Marache & Lord;
Gregory & Son, Inc.; Hallgarten
Co.; Harris, HaU & Co. Inc.; Ira Haupt & Co.; Heller,
Bruce'&
\
453,000
C. Allyn and Co., Inc.; Atwili
Co.; Baker, Watts & Co.; The
Bond; Co.; Barrow,
Baum,
Bernheimer
Green, Ellis & Anderson;
•f
1,309,003,000
1,301,118,000
180,952,100
A.
E.
A,
,
Purpose, refunding.
Price,
Stuart & Co. Inc.;
Halsey,
Co.;
\
;
91
.
;
1,286,093,456
1,314*673,000
1,309,003,000
1,301,118,000
Co.; Boettcher and Co.; '•
Co., Inc.; William Blair & Co.;
Burr
&
Company, Inc.; John B. Carroll & Co.; City
Securities
Corp.; Clayton Secur. Corp.; Coffin & Burr,
Inc.;
Cooley & Co.; Courts & .Co.; Cruttenden & Co.;
Davenport & Co.; R. L. Day & Co.; Dempsey & Co.; Dick &
Merle-Smith; Francis I. duPont & Co.; Clement A. Evans
& Co., Inc.; The First Cleveland Corp.; Glore, Forgan &
10,441,500
9,872,481,000
1986.
by
&
&
959,559,756
301,781,200
11,158,574.456
1,
Aub
Bioren
3,323,194,000
:
Michigan Corp.; Folger, Nolan
Offered
Co.;
Co.;
Bankers
i
days
622,403,078"
Total
April
int.
and
j
1,315,717,000
10,441,500
due
and
Allison-Williams
"
1,310,034,000
F
102.36
5,067~000
day
Corp,;
and- Hawley, Shepard & Co.
1,302,898,000
91
17
i
Dain & Co.; First of
M.
Harold E. Wood & Co.; Yarnall &
".
$.
Jan
Co.; Kuhn,
4t.500.000 New York Chicago & St. Louis RR. ref. .mtge. 3% bonds,
Indebtedness
Refunding
&
Securities
Inc.; J. J. B. Billiard-& Son; Johnston, Lemon & .Co.;
Kirkpatrick-Pettis Co.; Mason-Hagan, Inc.; A. E. Masten
& Co.; W. H. Newbold's Son & Co.; Newhard, Cook & Co.;
,
i
Tvneof
Peabody
Mellon
&
.
31,341,171,225
Brothers;
ris, Hall & Co., Inc.; Hornblower & Weeks; W. E. Hutton
Co.; Merrill Lynch, Pierce, Fenner & Beane; R. W,
Pressprich & Co.; L. F. Rothschild & Co.; Shields & Co.;
Spencer Trask &• Co.; Tucker, Anthony & Co.;; White,
Weld & Co.; The Wisconsin Co.; Auchincloss, Parker &
Redpath; Bacon, Whipple & Co.; William Blair & Co.;
Alex.
Brown
& Sons;
Coffin & Burr, Inc.; R. L. Day
& Co.; Hayden, Miller & Co.; The Illinois Co.; Kalman &
Co., Inc.; Laurence M. Marks & Co.; McDonald & Co.;
Merrill, Turben & Co.; The Milwaukee Co.; Maynard H.
Murch & Co,;
Phelps, Fenn & Co.; Piper, Jaffray &
Hopwood; Putnam & Co.; Riter & Co.; Stein Bros. &
Boyce; Stroud & Co., Ino.;; Swiss American Corp.; Gv H.
Walker & Co.; Whiting, Weeks & Stubbs; Dean Witter &
Co.; Biddle, Whelen & Co.; H. F. Boynton & Co., Inc.;
-
b
■
j Total for four months
Kidder,
Inc.;
Lehman
Lee Higginson Corp.; F. S. Moseley & Co.; Central 1
Republic Co. (Inc.); Clark, Dodge & Co.; Dominick JSs
Dominick; Equitable Sees. Corp.; Estabrook & Co.; Harr-
2
299,037,900 100
& Co.,
Co.;
Co..;
*
9,047,065,612
—
Morgan
Boston
Ripley
&
by
Stone & Webster Securities Corp.; Union Securities Corp.;
Drexel & Co;; Glore, Forgan & Co.; Hemphill, Noyes is
j
0.375
1,315,262,000
4,741,969,000
667,762,712
i
6,406,000
299,037,900
Yield
99.905 + *0.375
1,312,132,000
1,316,791,000
99.905+ *0.375
1,315,717,000
&9.905 + *0.375
3,323,194,000 100
Vo &
959,559,756
a
a
10,441,500 100
First
Inc.;
gen. mtge. • 2V*%
bonds, series R,
Purpose, refunding.
Price, 100 and
Stanley & Co.; Blyth & Co.,
Corp.; Goldman, Sachs & Co,; Harri-
Rjr,
1961.
1,
Offered
man
1,310,259,000
1,989,724,000
Apr 1-30 Apr
Apr 1*30 Apr
}
■
Jan.
due
I
J
Total
xNet retired,
Capital Flotations
During April, 1946
0.375
*0.375
92 days
2 years
Fund,
Postal
.
Below
0.375
99.905+
99.905 + *0.375
99.906
1,314,673,000
12 years
Retirement
Details of New
0.375
99.905+
1,311,768,000
1,317,056,000
1,902,106,000
1 year
10-12 yrs.
Dated
Price
1,928.073,000
1,987,760,000
2,037,113,000
year
Service
tions
|
Total
Foreign
{Federal Savings to Loan Insurance Corporation.
I
0.375
9,181,005,59ti
1,863,398,000
2,050.149,000
USE
FINANCING
Jan
4
Jan
Fund,
•
Government Life Insurance Fund, National Service
Fund, Federal Deposit Insurance Corporation, and
Loeb
%
Jan
!
usual tabulation;
TREASURY
Amount
Amount
Dated
Retirement
System,
in
April confined its operations to the usual, weekly sales
of Treasury bills; Savings Bonds, Tax
Anticipation Notes
and Depositary Bonds.
-
Totalfor March—
Apr 1-30 Apr
Secretary of the
no
1,223,417,000
Canal Zone Retirement Fund. Alaska Railroad Retirement Fund,
int.
Mar 20
the 3% bonds.
nounced that
88,495,000
-
Bales of special series certificates and notes; certificate*
sold to Adjusted Service Certificates Fund and Unemployed Trust Fund,
and notes to Federal Old Age and Survivors Insurance Trust Account,
Yield
3,131,710,000 100
626,371,491
a
3,682,000 100
178,097,100 100
12 years.
outstanding issues which may
be redeemed at the option of the United States on June
15, 1946, are called for redemption on that date. These
the 3Vs %
118,185,000
389,050,000
$
Mar 1-31 Mar
t
Secretary of the Treasury had
are
206,680,000
1,612,467,000
\ >Comprise
14 that the bonds of two
Issues
i—
months—
April
four
Amount
Applied for
Due
[ar
edness of Series C-1946, maturing
April 1, 1946. $4,741,4
969,000 subscriptions for this exchange were received
but
—d—
i
during April, including every issue of any kind
brought out in that month.
tRevised.
' The
v
672,482,693 2,504,095.838 3,176,578,531
.
'Notes
;
1,264,579-832 4,959,291,921 6,223,871,753
-
-
1,427,520,628 1,865,719,008
March
j April—
'Certificates
Life
4'- 438,198|380
for
1
r423,678,261 1,793,629,779 2,217,308,040
•
214,580,801
248,980,985
437,851,540
Total
!'
St.
&
Co.;. Wm.
Louis
Milwaukee
Co.;
J. Mericka & Co., Inc.; MetroW. & R. C. Miller & Co.;
E.
Co.;-Minsch, Monell & Co.; Moore, Leon¬
ard & Lynch; Mullaney, Ross & Co.; Nashville Sees. Co.,
E. M. Newton & Co.; Alfred O'Gara & Co.; Patterson,
THE COMMERCIAL &
3004
•
-
Peters, Writer ft Christensen,
Kendall, Inc.;
ft
Copeland
-
7
.
11
.
.
'
7'
•
,
*"
,
"
,
'
,
,
Neal ft Waggoner;
and F. S7Yantis & Co., Inc. •
•
,
*
to
maturity.
Offered by Kidder, Peabody 6c
Lynch,
Pierce, Fenner 6c Beane;
Halsey,
The First Boston Corp.; Carl M. Loeb,
Rhoades 6c Co.; Blyth & Co., Inc.; Harriman Ripley $5
Co., Inc.; W. C, Langley & Co.; Salomon Bros. 6c Hutzler;
G. H. Walker ft Co.; Blair ft Co., Inc.; Eastman, Dillon
&
Co.; HemphiU, Noyes ft Co.; Hornblower ft Weeks;
W. E. Hutton & Co.; Lee Higginson Corp.; White, Weld
&
Co.; Dean Witter ft Co.; R. W. Pressprich ft Co.;
Clark, Dodge ft Co.; Hallgarten ft Co.; Harris, Hall &
Pierce
ft Co.;
Dickson
S.
of
-
Co.;
J.
Singer,
M.
Deane
Dain
&
7
April
*
:
,
.
1,
porate
.
7
7
^
.
/
Inc.;
!.
,
.
1971.
Purpose,
>
,
ft
refunding
^ M-
*
Gas Co. first mtge. bonds, 2%% series due
Purpose, refunding.
Price, 102.689 and int.
Of¬
by White, Weld & Co.; Paine, Webber, Jackson &
Curtis; Graham', Parsons & Co.
-
•
J
.
1
refunding
($3,619,594),
con-
'
7-
structlon, etc. ($130,406). ; Price, 102.63 and int. to yield
2.50%.
Offered by Blyth & Co., Inc.; and Graham,
,
"
Parsons & Co.
,
*25,000,000 Shawinigan Water & Power Co. first mtge. and coll.
trust sinking fund bonds, series M, 3%, due April 15,
1971,
Purpose, refunding.
Placed privately with instltu-
,
1
>
7
7:
:
Sherrerd;
Central
Co.; Clark, Dodge
6c
7 7:
7,.
7 7"
ctions.
'
,
1
,
;
-
|
35,000,000 Tennessee Gas & Transmission Co. first mtge. pipe line
1
•'
,
bonds, 2% %
series due 1966.
Purpose, refunding.
Price,
101% and int.": Offered by Stone & Webster Securities
Corp.; White, Weld ft Co.; Bacon, Whipple ft Co.; Blyth &
Co., Inc.; Bosworth, Chanute, Loughridge & Co.; Central
:
v Republic Co. (Inc.); Clark, Dodge & Co.; Dewar, Robertson
& Pancoast; Dillon, Read & Co., Inc.; Equitable
Securities Corp.; Estabrook ft Co.; The First Boston Corp.;
First -Southwest
Co.; Glore, Forgan -ft Co.; Goldman,
7/:;7777.77 Sachs & Co.; Graham, Parsons & Co.; Hallowell, Sulzberger<& Co.; Harriman Ripley & Co.; Harris, Hall & Co.;
Hawley, Shepard & Co.; Hemphill, Hoyes 6c Co.; Hornblower &
Weeks; Kebbon, McCormick & Co.; Kidder,
Peabody 6c Co.; Kuhn, Loeb & Co.; W. C. Langley 6c Co.;
Lee
Higglnson Corp.;
Lehman Brothers; Laurence M.
Marks & Co.; Mason-Hagan, Inc.; Mellon Securities Corp.;
'
;
,
,
■
.
-
J
-
v 7-■** ,6.
>
,
Dillon ft Co.; Elkins, Morris ft Co.; Elworthy
Equitable Securities Corp.; Estabrook ft Co.;
I
2.24li)00
ft
Co.;
W.
H.
Newbold's
Son
&
Co.;
;
Swis3
,
'
:
•
Merrill* Lynch,
Pierce, Fenner & Beane; Merrill, Turben &
Co.; The Milwaukee Co.; Mitchum, Tully & Co.; Morgan
Stanley & Co.; Moroney, Belssner 6c Co.; F. S. Moseley 6c
Co-> Mullaney, Ross & Co.; Maynard H. Murch 6c Co.;
^
i:
.(
6c
Mosle
and
Moreland;
6c
,
Co.;
wood
Shields-"6c
&
Co.;
Co.;
Union
Smith,
Securities
;
!
Barney
Corp.;
6c
Co.;
Vietor,
(5,9li500
'
curred
New-
April
Yale
1
.
1,
1958.
Purpose,, construction.
University.
*1,759,000 Drackett Co. 3%
Sold
r,
77:77
.
privately to
June 1, 1961. " Purpose, new
Sold privately to Metropolitan
Brothers,
,'
E. H. Rollins & Sons, Inc.;
Central Republic Co., Inc.;
H. M. Payson & Co.; Julien Collins 6c Co.; and Charles H.
Gilman 6c Co.
.
/
Morris
' of
&
1
,
v
,
,
10.030,000 United
7
.
7;
7
"
Biscuit
Co. of America
2%%
debentures, due
1966.
Purpose, refunding ($7,106,950); working
($2,893,050).
Price, 102 and int.
Offered by
Goldman, Sachs & Co.; A. G. Becker & Co. Inc.; BJytlx
& Co., Inc.; Bosworth, Chanute, Loughridge & Co.; Cen-
April
■
and
Hayden, Stone &
:>77:v:
;
7
-
&
Co.;
The
First
Boston
Corp.;
Glore,
Forgan
&
1
'•
debenture
r
.
7
•
...
"
of
common
stock.
7
computed at their offering prices.)
OIL
•;
7- "
'
7,:.
,.
»
,
;
77777:''
7
77
^' PUBLIC ^UTILITIES
7
^' 7
12,000 shares of 3.60%
Purpose, refunding.
Price,
$1,200,000 Central Ohio Light ft Power Co.
\/
preferred stock
V
$102,489
per
(par $100).
share
and
div.
Offered
by
Kidder,
•
Wertheim &
'
Co., and Bache ft Co.
(Continued on page 3041)
,
Pea¬
body & Co., and McDonald ft Co,
.
.
1966.
'7:7./ :.7 •7;7!*7>77:: 7777:7 ,7:
'
-
.
:77
7s
803,970 Peninsular Telephone Co. 26,799 shares of common stock
(no par).
Purpose, refunding.
Price, $30 per share.
Offered
for
subscription
to
stockholders' - unsubscribed
shares
(561).
Purchased
and
sold
by
underwriters:
Morgan Stanley ft Co.; Coggeshall & Hicks; G. H. Walker
7
■
7 7
by Smith, Barney ft Co.
8,000,000 American Machine ft Foundry Co. 80,000 shares of 3.90%
cumulative preferred stock (par $100).
Purpose, produce
7-',
duction and distribution of new product.
Price, $104 per
share and dividend.
Offered by Lehman Brothers; Union
.,7
'
Securities Corp.; Bacon, Whipple ft Co,; Blair & Co.; Inc.;
Blyth & Co., Inc.; Clark, Dodge ft Co.; Davenport ft Co.;
Draper, Sears ft Co., The First Boston Corp<; Goldman,
Sachs & Co.; Hallgarten & Co.;
Hayden, Stone ft Co.;
Henry Herrman ft Co.; Hornblower & Weeks; MasonHagan, Inc.; F. S. Moseley & Co.; Newhard, Cook & Co.;,
.•
v
Pacific Northwest Co.; R. W. Pressprich ft Co.; Reynolds
ft Co.; Riter & Co.; I. M. Simon ft Co.; Smith, Barney
:.7 7
,7/':
Co.; Swiss American Corp.; Spencer Trask & Co.;
.
,
Purpose, plant extension. Sold privately through Kidder,
Peabody & Co.; and Hemphill, Noyes & Co.
,
267,000 American Development ft Research Corp. 89,000 shares of
common stock (par $1).
Purpose, development of patents,
inventions, working capital.
Price, $3 per share.
Offered
1
Co.;
$50,000,000 Panhandle Eastern Pipe Line Co. serial debentures (0.95%2.50%), due 1947-1971. Purpose, refunding ($31,312,813);
repay promissory notes and
general corporate purposes
($18,687,187).
Priced to yield from 0.95%
to 2.60%,
•
;
Of-
(Preferred stocks of a stated par v.alue are taken at par, while preferred stocks of no par value and all classes of common stock are
Moore, Leonard 6c Lynch; Maynard H.
'Murch. 6c Co.; The Omo Co.; Piper, Jaffray & Hopwood;
R, W. Pressprich & Co.; Salomon Bros. &
Hutzler; Singer,
Deane & Scribner; Smith, Barney & Co.; Stern Brothers &
.^7vv7777 7;^7777VV:
299,000 American Acoustics Inc.. 59,800 shares of 8% cumulative
:
convertible preferred stock
(par $5) and 59,800 shares
of common stock (par 10c).
Purpose, corporate pur7
poses.
Price, $5 per unit of one 6hare of preferred
-7 '
and one share of common.
Offered by L. D. Sherman
ft Co.
• ;7
77.:
■:t7:,-;>.7;7:'..•■■777\.:*;7 - ":" ■;■■■*■
-
'
$48,850,000
MANUFACTURING
'
Co.;
vCo.; G. H. Walker & Co.; and The Wisconsin Co.
*2,000,000 United Wallpaper, Inc., 3% notes, due April 1,
7
30-shares
INDUSTRIAL AND
$600,000 Allianceware, Inc. 12,000 shares of $2.50 convertible pre¬
ferred stock
(par $50).
Purpose, refunding ($105,000),
pay notes,
working capital ($495,000).
Price, $50 per
share.
Offered by Hayden, Miller & Co.; Hawley, Shepard
7 V
; 7
ft Co., and Maynard H. Murch & Co.
7
Harriman
Milwaukee
'
and
40,000 shares of com¬
77:,"
STOCKS
Ripley & Co., Inc.; Harris, Hall & Co. (Inc.);
W. E. Hutton & Co.; Kidder, Peabody & Co.; Kirkpatrick7 7 Pettis Co.Kuhn; Loeb 6c
Co.: Lehman Brothers; The.
*
*
OTHER
$12,787,500
.
<•
<
Parts Corp,
:
*
1
777:77:77:7777:77777.>:
Co.
Motor
stock
per
$1,350,000
1,
tral Republic Co. (Inc.); E. W, Clark 6c Co.; Elkins, Morris
-
7
fered by Sills, Minton ft Co.; A. G, Edwards and Sons;"
Crowell, Weedon ft Co.;
Butcher & Sherrerd; R. H.
Johnson & Co.; Chace, Whiteside ft Warren, Inc.; Irving
J. Rice & Co.; Buckley Brothers, and Brailsford ft Co.
777777 capital
'
7 7*
Truck Corp.
(par $3).
Purpose, working capital.
Price,
share.
Offered by The Wisconsin Co.; Bacon,
Whipple & Co.; Kebbon. McCormick ft Co.; Loewi & Co.;
The Milwaukee Co.; Morris F. Fox 6s Co.; Gardner F.
Dalton ft Co., and Riley ft Co,
mon
common stock (par $1).
$1,000
■'.<
Purpose,
,.
,
fered
600,000 Hdn-Werner
Purpose, refunding ($666,627),
working capital ($120,873).
Price, $1,050 per unit of one
;
Co., Ltd., Inc., 2%% debentures due
refunding
($12,000,000);
reduce
bank
loans ($20,000,000).
P?ice, 101 to yield 2.55%. I* Sold
v
privately
to
Equitable Life
Assurance Society
of the
7:7'77:: 7'-United States
through
Lehman. Brothers
and ■ Glore,
77:77;: ,-.7;. Forgan 6c Co. .
1966.
:
Corp,
250,000 shares of common
($400,000),
share.
Of¬
by Bond ft Goodwin," Inc.
.
t
ft
(par 10c).
purpose, repay bank loan
working capital ($350,000).
Price, $3 per
787,500 Standard Factors Corp, 4%%
15-year convertible sub7,
ordinated debentures due Dec. 31* 1960, and 22,500 shares
'
,
*32,020,000: Philip
MOTORS, ACCESSORIES, ETC,
stock
*12,000,000 National Theatres Corp. 20-year 3% debentures due 1966.
77:777j:7:7.7;; purpose, corporate purposes.
Price. 100 and int.
Sold
\
to Metropolitan Life Insurance Co. through Lehman
Fibre Co. first mtge. 3%% bonds, due April' 1,
Purpose; refunding ($1,908,000), construction, etc.
($892,000).
Price, 103 and int.
Offered by Coffin & Burr,
Inc.; Paine, Webber, Jackson & Curtis; Estabrook & Co.;
7
Corp.
Coach
$750,000 Linn
MISCELLANEOUS
1966.
.
1
,
TRUSTS, TRADING, HOLDING, ETC.
7777777:777777:777 7777 7::77:7'7;;'7:: *;:7 77;
2,803,000 Keyes
-
:
Industries < Inc. 2%% debentures due April 1,
Purpose, pay bank loans.
Price, 102.15 and int.
Offered by Union Securities Corp.; Alex. Brown & Sons:
Clark, Dodge &.Co.; Dillon, Read & Co. Inc.; The First
Boston
Corp.; Harriman Ripley ft Co., Inc.;
Hemphill,
Noyes & Co.; Hornblower & Weeks;
Kidder, Peabody
ft Co.;
Lehman Brothers; Smith, Barney ft Co., and
7
77*7757777 'Life Insurance Co.
N
,
'■
>V
-
ft Rubber Co. 4% convertible debentures,
1958. i Purpose, pay bank loan ($500,000) in-
Stone & Webster Securities
due
bankers
exception of
same
IRON, STEEL, COAL, COPPER, ETC.
1961.
,
-
notes
equipment and expansion.
ft: Transmissions Co, ^50,000 shares-of
$5).
Purpose, retirement of bank
(par
$1,500,000 Jessop Steel Co. 60,000: shares of 5% .CUihUlative con¬
vertible preferred stock (par $25).
Purpose, retirement of
V-Loan, expansion, etc.
Price, $25 per share and div.
Offered by
Paul H. Davis ft Co.; Ames, Emerich ft
Co., Inc.; Brailsford & Co.; H. M. Byllesby and Co. Inc.;
R. s. Dickson ft Co.; Glover & MacGregor, Inc.; Wayne
Hummer ft Co.; Kalman ft Co., Inc.; Mason Brothers;
Mason, Moran ft Co.; David A. Noyes ft Co.; Shillinglaw, Bolger ft Co., and Walston, Hoffman ft Goodwin.
5,625,000 Sharon Steel Corp. 150,000 shares of common stock (no
par).
Purpose, refunding.
Price, $37.50 per share. 7 Of¬
fered by Mellon Securities Corp.; A. G. Becker ft Co.,
Inc.; Blyth & Co., Inc.; Brush, Slocumb ft Co.; Chaplin
ft Co.; Field, Richards ft Co.; Glore, Forgan ft Co.;
Goldman, Sachs ft Co.; Hallgarten ft Co.; Harriman
7
Ripley ft Co., Inc.; Hemphill, Noyes ft Co.; Hornblower
&
Weeks; Kidder, Peabody ft Co.; Lehman Brothers;
Merrill Lynch, Pierce, Fenner ft Beane; The Milwaukee
Co.; Moore, Leonard ft Lynch; The Ohio Co.; Pacific
Co.
of California;
Reynolds & Co.; Singer, Deane ft
Scribner; Smith, Barney ft Co., and Stone & Webster
refunding preferred stock; purchase of build¬
ing, working capital, etc. ($944,500).
Price, 101 and int.
Offered
for subscription to common stockholders.
Unsubscribed portion ($689,500).
Offered by Carl M. Loeb;
'Rhoades & Co..
,
.
$48,357,470
$6,900,000 Selected
/
OTHER INDUSTRIAL AND MANUFACTURING
7
*$320,000 Bush Manufacturing Co. 4% sinking fund debentures due
1
£
in
1
in
INVESTMENT
$11,500,000 Graham-Paige Motors Corp. 4% convertible debentures
due April 1,
1956.
Purpose, pay note, expansion, etc.
-
stcok
Price, $19.75 per share.
Offered by
as
offered
the $35,000,000
bonds, with
Lehman Brothers (see above).
$15
ACCESSORIES
Offered by Allen & Co.
Purpose,
($832,220). Price,
bankers as
funds
loans.
~
Tire
April 15,
,,
.7
.
Price, par and int;
Gas
Tennessee
common
7
Co.
$1,444,500 Norwalk
-
7
:
general
Corp.;
shares of
share and div.
Offered by same
offered the $35,000,000 bonds (see above).
per
Spencer
Common,
Witter 6c Co.
7.
.
,
$7,125,000
$65,950,000
AND
($9,167,780),
refunding
Securities
B. White & Co.;
Whiting, Weeks & Stubbs; The Wisconsin Co;; and Dean
MOTORS
Spencer Trask & Co.;
Union Securities
H.:Walker*;ft: Co.7;and7Whifce,;;Weld'-ft:-Co.f
$106
7:7::7'77
Dann & Co.; G; H. Walker & Co.; Chas.
n
:
ft
(Inc.);
$175,000,000
Trask & Co.; Tucker, AnthonyCo;; Milton R. Under-
:
1
*
7
nall
Schoellkopf, Hutton
T & Pomerov, Inc.; Scott & Stringfellow; Chas. W. Scranton
-,r
!
Rotan,
Co.;
Central Republic Co.
Corp.;
ft Gibson;
Weeden ft Co., Inc.; White, Weld
Whiting, Weeks ft Stubbs; The Wisconsin Com¬
Co.; Harold E. Wood ft Co.;
Wurts, Dulles ft Co., and Yar-
Co.;
3.70%
Curtis; Rauscher, Pierce ft Co. Inc.; Riter ft Co.; Shields
& Co.; Smith, Barney ft Co.; Stone ft Webster Securities
G.
pany;
Dean Witter ft
Woodard-Elwood ft Co.;
The Ohio Company; Pacific Northwest Co.; Paine, Webber,
Jackson & Curtis; Phelps, Fenn & Co.; Pitman & Co.,
Inc.; Rauscher, Pierce & Co. inc.; Reynolds & Co.; Riter
•
'
5
&
shares
22,410
10,000,000 Tennessee Gas & Transmission Co. 100.000
4.10%
cumulative preferred stock (par $100).
American
Webster
Co.
Robertson ft Pancoast; Eastman, Dillon ft Co.;
Sachs ft Co.; Harriman Ripley ft Co., Inc.;
Hemphill, Noyes ft Co.; Edward D. Jones ft Co.; Kidder,
Peabody ft Co.; W. C. Langley ft Co.; Lee Higginson
Corp.; The Milwaukee Co.; Paine, Webber, Jackson ft
Corp.; Spencer Trask. ft Co.; Tucker,
Anthony ft Co.;: Union Securities Corp.; Van Alstyne,:
Noel ft Co.; G. H. Walker & Co.; Watling, Lerchen ft Co.;
,
Service
Inc.; Blyth & Co., inc.;
Co.
7
hard, Cook & Co.; The Ohio Company; Pacific Northwest Co.; Paine, Webber, Jackson & Curtis; Parrish
& Co.; Peters, Writer ft Christensen, Inc.; Phelps, Fenn
ft Co.; Piper, Jaffray & Hopwood; R. W. Pressprich ft
Co.; Putnam ft Co.; Rauscher, Pierce ft Co.; Reinholdt
& Gardner; Reynolds & Co.; Rlter ft Co.; The RobinsonHumphrey Co.; E. H. Rollins ft Sons Inc.; Rotan, Mosle
and Moreland; L.
F. Rothschild & Co.; Salomon Bros.
ft Hutzler; Schmidt, Poole & Co.; Schoellkopf, Hutton
& Pomeroy,
Inc.; 8chwabacher ft Co.; Scott & String¬
fellow; Chas. W. Scranton ft Co.; Shields ft Co.; Shuman,
Agnew ft Co.; Singer, Deane & Scribner; Smith, Barney
& Co.; William R. Staats Co.; Starkweather ft Co.; Stein
ft
7
Publio
Southwestern
Dewar,
Stroud
.
bright ft Co., and Ferris ft Co., Inc.
cumulative preferred shares (par $100).
Purpose, re¬
funding.
Price, $103 per share.
Offered by Dillon, Read
& Co. Inc.; E. H. Rollins & Sons Inc.; A. C. Allyn and
Nj
ft
Weeks; W. E. Hutton ft Co.; The Illinois
ft Co.; Johnson, Lane, Space
and Co.,
Inc.;7 Johnston,: Lemon ft Co.; Kalman ft C0.7 Inc.;
Kean, Taylor & Co.; Kebbon, McCormick ft Co.; Kidder,
Peabody ft Co.; Kirkpatrick-Pettis Co.; Kuhn, Loeb &
Co.;
Laird, Bissell ft Meeds;
W. C.
Langley fts Co.;J
Lazard Freres ft Co.; Lee Higginson Corp.; Lehman
Brothers; Carl M. Loeb, Rhoades & Co.; Mackubin, Legg
ft Co.;
Laurence M. Marks ft Co.; Mason-Hagan, Inc.;
E. Masten ft Co.; McDonald & Co.; Merrill
Lynch,
Pierce, Fenner ft *Beane; Merrill, Turben ft Co.; The
Milwaukee Co.; Minsch, Monell ft Co.; Mitchum, Tully
ft
Co.;
Moore,
Leonard ft Lynch;
F.
S.
Moseley &
Co.; Mullaney, Ross ft Co.; Maynard H. Murch ft Co.;
Neuhaus
Boston
First
Goldman,
Bros. & Boyce; Stern Brothers ft Co.; Stillman, Maynard
Co.; Stix) 8c Co.; Stone ft Webster Securities Corp.;
ft Co.,
Inc.; Sweeney, Cartwright & Co., Inc.;
5
.
.
„
'
.
:
7
"
Co.;, Janney
3,750,000 St.rJoseph Light & Power Coi, first mtge. bonds, 2%%
S
Co.;
Hornblower
4
UTILITIES
Purpose,
1
'
Hallgarten ft Co.; Harriman Ripley 6c C0.7 Inc.; Harris,
Hall ft Co.
(Inc.); Hawley, Shepard and Co.; Hayden,
Miller ft
Co.; Hayden, Stone ft Co.; Hemphill, Noyes
ft Co.; Henry Herrman ft Co.; J. J, B. Hilliard &
Son;
fered
1976.
cor-
Co.;
&
Unexchanged shares, offered by
Corp.; W, C. Langley ft Co.; F.. s.
B. Rollins & Sons, Inc.; Baker, Weeks
& Co., Inc.; Alex. Brown ft Sons;
H. M. Byllesby and Co., Inc.; Paine, Webber, Jackson
&
Curtis; Phelps, Fenn ft Co.; Schoelkopf, Hutton ft
Pomeroy,
Inc.;
Whiting, Weeks ft Stubbs; First of
Michigan Corp.; Maynard H. Murch & Co.; Putnam ft
Co.; Riter ft Co.; Bacon, Whipple & Co.; Baker, Watts
ft
Co.; H. F. Boynton & Co., Inc.; R. S. Dickson ft
Co.,
Inc.;
The Illinois Co.; The Robinson-Humphrey
Co.; ,Weeden & Co., Inc.; Auchincloss, Parker ft Red-?
path; Ballou, Adams ft Co., Inc.; Bond & Goodwin,
inc.;
Bosworth,
Chanute, Loughridge &
Co.;
Brush,
Slocumb
ft
Co.;
Chace,' Whiteside
& Warren, Inc.;
Farwell, Chapman ft Co.; Charles H. Oilman and Co.;
Gordon B. Hanlon ft Co.; J. J. B, Hilliard ft Son; Kirkpatrick-Pettis Co.; F. L. Putnam ft Co. Inc.; Rauscher,
Pierce* & Co.,
Inc.; Reirtholdt & Gardner; Chas. W.
Scranton ft Co.; Boettcher and Co.; George D. B. Bon*:
stocks.
preferred
Moseley ft Co.; E.
'& Harden;
Blair
A.
Evans
6c
Co., Inc.; Fahey, Clark 8c Co.;
Chapman ft Co.; The First Boston Corp.; First
of Michigan Corp.;
First Southwest Co.; Folger, Nolan;
Inc.;
Glore, Forgan ft Co.; Goldman, Sachs ft Co.;
Graham,
Parsons
ft
Co.;
Green,
Ellis
&
Anderson;
-1971.
due
and
Service Co. of New Hampshire 102,000 shares of
preferred stock, 3.35%
dividend series.
Purpose, refunding.
Price, par and div.
Offered in exchange for
Public
The
Farwell,
$2,200,000 Harrlsburg
series
($86,355,614),
Co.,
old.
Clement
Marquette Ry. ;1%% equipment trust certificates.
purchase of equipment.
Awarded on bid of
100.025
to
Union
Bank
of
Commerce,
Cleveland,
and
First: National Bank, Cincinnati.
-
/
ft Co.;
7 Eastman,
1
Purpose,
,
,
Co.,
Courts ft Co.; Curtiss, House ft Co.; J. M.
Dain ft Co.; Paul H. Davis ft Co.; R. L. Day ft Co.;
Dick & Merle-Smith; R. 8. Dickson ft
Co,, Inc.; Dominick
ft Dominick; Drexel ft Co.; Francis I. du Pont ft
Co.;
*1,300,000 Pere
i
Boettcher
Bruce
,
,
'
10 ' 200 000
North¬
&
7,7;77',7-77& Co.; Coffin ft Burr, Inc.t. Julien Collins ft Co.; Conrad,
-
-
Evans
and
purposes
Brush, Slocumb ft Co.; Butcher
Republic Co. (Inc.); E. W. Clark
,,
'
,
Pacific
ft
Bankers
7
Bosworth, Chanute, Loughridge
& Co.; H. F. Boynton ft Co., Inc.; Alex. Brown & Sons;
'
\
A.
Noyes ft Co.; The MilHutzler; Coffin & Burr,
Kendall, Inc.; H. F. Boynton & Co., Inc.; The
Bond Co. Incorporated; Johnson, Lane, Space
Inc.; Edward D. Jones and Co.; Raffensperger,
Hughes ft Co., Inc., and Woodard-Elwood & Co..
land
1
Offered
_
1
Scribner;
Clement
Co.;
Hayden, Stone ft Co.; Hawley, Shepard and Co.;
Martin,'Burns ft Corbett, Inc.; Wachob-Bender Corp.;
Weeden & Co.; Laird, Bissell ft Meeds; Patterson, CopeInc.;
($38,644,386).
Price, 101%
and int.
by Morgan Stanley & Co.; Lovett Abercrombie ft
■Co.; A. C. Allyn ft Co., Inc.; Auchincloss, Parker ft Redpath; Bacon, Whipple ft Co.; Baker, Watts & Co.; Baker,
Weeks-ft Harden; BaU, Burge & Kraus;
Bear, Stearns ft
Co.; A. G. Becker ft Co., Inc.; Biddle, Whelen & Co.;
Blair & Co., Inc.; William Blair & Co.; Blyth ft Co.,
.
.
'
ft
Co.;
(Inc.); Hemphill,
Salomon Bros. &
Co.
ft
waukee
6c
'
PUBLIC
Hall
,
.
,
$97,800,000
Mellon Securities Corp.; A. C. Allyn & Co. Inc.; Harris,
,
7
Newhard, Cook & Co.; Reinholdt ft Gardner;
7
; Schwabacher ft Co.; and Quail & Co;: >
7 » 7 7 ,
7 "r 7
125,000,000 Shell Union Oil Corp. 25-year 2V2% debentures, due
'
W ft
"7
7
inc.;
;
"
.
The
California;
west
<
"
,
,
'
Wisconsin Co.; E. W. Clark ft Co.;
Co., Inc.; Granbery, Marache & Lord;
Laird, Bissell ft Meeds; Laurence M. Marks ft Co.; Moore,
Leonard ft Lynch; Maynard H. Murch & Co.; Pacific Co.
R.
:
'
,
15,000,000 Public Service Co. of Indiana, Inc. 150,000; shares: of
3Va% cumulative preferred stock (par $100).
Purpose,
V
refunding/ Price, par and div.
Offered in exchange
5
7^:''7V7>
for <5'%
preferred stock.
Unexchanged shares offered
by The First Boston Corp.; Central Republic Co. (Inc.);
Th
i
Merrill
Co.;
7t'Co> (Inc.); Graham, Parsons ft Co.; Folger, Nolan Inc.;
77 :77, Baker, Weeks & Harden; Mitchum, Tully ft Co.; Rauscher,
,
.
77:
*
30,000,000 Pennsylvania Co. secured serial (1%-2.15% ) notes, due
;
*, .
7 1947-1966. •
Purpose, refunding
Priced to yield from
1,1
0.90%
to
2.20%, according
to maturity.
Offered by
Halsey, Stuart & Co. Inc.; Allison-Williams Co.; Geo. G.
Applegate; A/E. Aub & Co.; The Bankers Bond Co., Inc.;
V
1
Barrow, Leary ft Co.; Baum, Bernheimer Co.; Blair ft Co.,
7 7 Inc.;
Braun, Monroe and Co.; Caldwell, Phillips Co.;
C. F. Cassell & Co., Inc.; City Securities Corp.; Clayton
1
7
Securities Corp.;
C. C. Collings and Co., Inc.; Julien
''•'7'77:Collins & Co.; S. K. Cunningham & Co., Inc.; J. M. Dain
V '
& Co. ; R. L. Day & Co.; Dempsey ft Co.; R. S. Dickson &
v
Co., Inc.; Francis I. duPont & Co.; Elkins, Morris ft Co.;
7777/777.
Farwell, Chapman & Co.; Fauset, Steele & Co.; The First
*.
Cleveland Corp.; Foster & Marshall; Graham, Parsons &
»7, f
Co.; Gordon Graves and Co.; Green, Ellis & Anderson;
Gregory & Son, Inc.; Ira Haupt & Co.; Hill & Co.; Kean,
Taylor ft Co.; Ladenburg, Thalmann ft Co.; Laird, Bissell
7 : •
& Meeds; Loewi ft Co.; Martin, Burns & Corbett, Inc.;
Mason, Moran & Co.; E. W. ft R. C. Miller ft Co.;
Minsch, Monell ft Co.; Mullaney, Ross & Co.; Nashville
Securities Co.; Newburger & Hano; E. M. Newton & Co.;
Alfred O'Gara ft Co.; Otis ft Co.; Park-Shaughnessy &
Co.; Patterson, Copeland & Kendall, Inc.; Peters, Writer ft
Christensen, Inc.; Reinholdt & Gardner; The Robinsonv,
:
Humphrey Co.; Schwabacher & Co.; Scott,
Horner &
>■'<
Mason, Inc.; Scott & Stringfellow; Seasongood & Mayer;
Robert Showers; Sills, Minton ft Co., Inc.; Stern Brothers
■'/ ft Co.; Walter Stokes ft Co.; Thomas & Co.; E. W.
Thomas and Co.; Wachob-Bender Corp.; Watkins, Morrow
\
& Co.; Weeden & Co., Inc.; Weil & Arnold; White, Hattier
7& Sanford; Wurts, Dulles ft Co.; and F. S7 Yantis ft
.
•
Monday, June 3, 1946
Stuart & Co. Inc.;
Co.; L. P. Rothschild ft Co.;
Salomon Bros. & Hutzler; Schoellkopf, Hutton ft Pomeroy,
inc.; Schwabacher & Co.; Scott, Horner ft Mason, Inc.;
Chas. W. Scranton & Co.; Sills, Minton & Company Inc.;
I. M. Simon & Co.; Starkweather & Co.; Walter Stokes
&
Co.;
Swiss American
Corp.; Thomas ft Company;
Townsend, Dabney & Tyson; 'Weil & Arnold; Wertheim ft
\:;:Vi^^U"y;{-'C04|-'-White,;'Hattier & Sanford; Whiting, Weeks & Stubbs;
Harold E.
Wood ft Co.;
Wurts, Dulles* ft Co.; Wyatt,
Robinson-Humphrey
The
•
according
•
•v-7.
Inc.; R. W. Pressprich & Co.; Putnam & Co.; Ritei- & Co.;
V
FINANCIAL CHRONICLE
■■
'6c Co.,
and White, Weld & Co.
2,000,000 Peninsular Te'ephone Co. 80.000 shares of $1 cumulative
preferred stock (par $25). Purpose, refunding. Price $28
per share.
Offered in exchange for $1.40 cumulative pre¬
ferred. shares. Unexchanged shares (8,105) purchased and
fold by underwriters; Morgan Stanley ft Co.; Coggeshall ft
7 *
Hicks; G, H. Walker & Co., and White, Weld ft Co.
In
the
comprehensive
tables
pages 3042-3043 we compare
and the four months' figures
on
the
the April
with those
corresponding periods in the four
years preceding, thus affording a five
■year comparison;""7.
for the
a
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(o3."w-«Sufl^®»
<
a
Monday, June 3^ 1946
CHRONICLE
THE COMMERCIAL & FINANCIAL
3006
NEW YORK STOCK RECORD
Monday
Saturday
38
37%
.
62%
63%
.
;
*104% 104%
104%
104 %
Va
37%
104%
Ob
39%
397/a
39%
39%
10%
10%/'/"*'
10%
10%
67
*63
-
67 '
*62
.
17%
43 %'
42%
43
42%
85'A
25%
85%
25%
60%
61%
60 %
*131%
131
130
100%
202%
70 Vi
71%
EXCHANGE
*201%
203
202%
,
•126
71%
138
158%
..*74
79 i
*75
26%
♦106
107
71
70%
10
9%
10
*21
22
22
57%
11%
*127
10%
56%
116%
16%
16%
17%
13%
13%
16%
13%
52 4
52
51%
38%
38%
40%
<// 13%
22%
41%
41%
51%
19%
19%
■/
127
124%
1137/a
113
lu5 %
105 %
*62%
29 V2
63%
62
30
47
46%
47
69
69%
.
46 %
69%
btf%
68%
;
*46
•/47
46
46
46
•170
172
172
172
*172
33%
33%
33%
34
53%
53%
52%
153'A
33%^
33 Va
53
53%
*151%
153
63%
63%
83%
Tuesday
44
| per sharp
•/ May
33%
53%
53V2
54
153 %
♦151%
660%
4v
63%
153%
60%
May 31
I per share
$ per snare
$ per mare
•'
199%
97%
97%
99%
98%
98%
168
168 Va
168
17%
460
28%
74
119%
*106
107
107
26%
4 65%': 67.%.
Ib4
165%
-67%
65%
166
106 Va
63%
-62
64%
162% 164
13%
13%
'
13%
13
13%
12%
.
92%
90
90
49%
49 Va
49%
STOCK
53%
54
55
55
56%
EXCHANGE
60%
61
114
.55%
*113
,*90
.92%,
Jan
13%
3
83% Apr
20
69
18%
73% Apr
11% Feb
15
3%
18
Jan
37
Jan
23
May 31
62% May 2
6% Jan
10%
•44 Va
3
47% Feb 21
7
-
11% Jan
$6
13%
•' 15
103
15
200
90
53
:v
EXCHANGE
-
59%
CLOSED
.
*113
55
61%
*113
37%
38
18
4
May 22
108
Jan
123
Nov
21
Mar
41
Nov
41%
,
24%
130%
Jan
142% May
Apr
1J
20% Jan
24
~2%
Jan
Apr 22
80%
Jan
104%
Dec
Dec
60
3
163%
164
64
,
61
60
128
13% Nov
Jan
11%
Jan
19% Deo /
23
Feb
16
186
Mar
Feb
14
27% Jan
176
95% Feb
Jan
99
;
2,600
:
Oct
Dec
26
5
677/a May 14
18% Jan
38
Feb
26
33% Feb
17%
Jan
31% Nov
32
Aug
44% Nov/
40%
Jan
68%
164 Va
Jan
181
41%
Apr
50% NOV: I
164
Aug '
39% Mar
44% Apr
6
•
Apr
5
73% Jan 29
52
4
60% Mar
4
177
Feb 14
191
Apr 20
?i 50% Feb
9
172
6
Feb
153
Apr
25
50% Feb
4
27%
Jan
43%
Dec
2
43
May 10
17%
Jan
29
Dec
2
36
Feb
16
22%
Jan
31
Dec
58% Feb
6
.Aug
60
Dec
128%
Jan
151
Dec
29%
Jan
Jan
8
49% Mar 13
147
Jan
9
41
Apr 10
158
8
47% Jan
67% Apr
18
63% Nov:;/--v
Range for Previous
:
Year194S
/AS.
Jan
65%
Jan
91%
10
*145%
Jan
161%
13% Mar
24%
173 % Apr
29% May 28
-
10$
8% Jan
110% Feb / 9
Feb ,27
*
99% Jan.
May 23
168
:
9
;
79
Jan
15% Jan
90
9
Anderson-Prichard
Andes
A P W
40
39%
40
18%
64%
*
4,700
18%
v
60,200
May
140
A100% Mar:
136
/
♦162
63%
>
64%
-
65
60%
8
33%
35%'
35%
28
27%
26%
27%
71
33
71%
■
"
71%
,:;:/-/;>// -71'ii:
//
160
•143
147
.
.mZ:
143%
26%
3,800
1,000
2,200
56
*52%
56
*10511
;
69%
106
♦105%
114%
118%
118%
119
49
119%
119
119
-
118%
-V/;C
120
,
79%
79%
79
.v
/
47%
46
.
*93
'
K '■
•
V
49%
47
•
94
/>
>
50
v.:
no
110
'
30%
>> >
X8i%
'.
31%
/
•
■'
'
21%
21Va
' '149%
r
30
21%
V
30
149%
148%
///>
33
*32
/
11%
11%:
66
*
66
26%
39
/
129%
129%
Vv
-
129%
,109
*108%
32
m 31%
;
70
33%
;
317/a:/
-
135
40
32
:/ ?>:, *30
32
31
31
21%;/
21%
147%
149%:/
149%
;
21%
*147
33
HVa
/>
34%
?
/ 26%
27%
34%
33%
33%
11%
11%
.
:
67%
/// 65%
fcZ/
34%
i
34
34%
26%
27%
26
26%
39 %
40
38%
39%
r-
.
>.
Nichols
$2.25
Co
Oorp
conv
-
No par
.—100
No par
No par
No par
pfd—
conv
A''*»nnr
1
,——5
Corp
Autocar
1,400
2,500
<Thei
nf n<»i
preferred
—6o
1
No par
i§f44B l4/|i/|;i
Baldwin
19,000
36,100
-
:
/ '
4,900
;
Locomotive Works
Baltimore & Ohio
4%
113
Dec
preferred
—
-13
—100
100
60% Apr
109
49% Nov/
38% July
3
27% May 27
24% Feb
5
4%
23%
30% Oct :
Jan
18% May 23
137
May 29
111
://'15
6
36% May 28
Dec V,
/
127%
Nov,::
141
102% Mar
165% May 18
3
-
Sep
6%
May 29
40
23% Nov
Jan; ,'//i 97/a NOV
12% Aug-
8
Feb
10%
8
Nov/
106% NOV
11% Jan
Jan
18
2
.
•'
.
Jan"
133
•
/;
3
148
,
May 29
55Va Apr; '3
/ Feb 13
27
3
10
9
153
Jan
Feb
Apr
72% May 13
May 21
2
Feb
48
30
108
26 ,/ 121/ May 31
Jan 12
?l/'i 120%
Mar
42% July
:
Feb 28
44
131% Jan
113
45>
<
-
139% Nov
52% Dec
Mar
405%. Dec
76%
101
;
.
71%
Sep
26
:
18
60
Jan
113
Jan
32
Feb
Mav 10
Feb
13
26 % Jan
3
9% Jan
3
59% Jan >3:>
30
Mar 22
21% Apr
34% May
25
6
Jan.
97% Jan
22
108
44%
133% Jan 15
150
c/
94%
Dec i;
130
'
207/a
77 ■•/
Jan
131
14%
Jan
29
16
5%
Jan
2
587/«
Dec
24% Aug
11%
Jan
19% Jan
.
Dec /
Jan
14% Feb
47% Jan 28
Nov
27%
10 %
83% Feb
16
42% Dec
120
27%
29
30% Jan
Nov /
Jan
37% Jan
38% Jan 30
Dec:
83% Dec '
45
18%
15
May 15
-
Nov
83% Nov
■
Apr.:
17
12
.
:.//;
110'-
34% Apr
14% Mar 13
25% Jan
■tiSQY* July
-
108% Mar/
113%
120
Jan
',Jan
24% Feb
.
'
Jan
Feb
Dec;
' Nov
140
/Jan
48%
78% Mar
8
Feb 15
Dec/
19% Dec
48
Jan
111
Jan
120.
Nor
"
33%
Jan
108
*29%
7
Jan
16
81
69% Nor /
;
.y:i8v;c/-Jan;--
X3-- >49% May 9
94
May 24
84% Jan '28
:
33% Feb/ 26 > 51% May 28
115% Jan 14
129% May 29
110
May 13
107% Apr 16
37
100
/'V S5 prior A
33,800
66
Dec
July
65% Mar 15
.-25
B_—,1.100
Powder
zCum
Austin
910
.
::11%
65%
-
•/:
/:
.
v
Atlas Tack Corp
7,500
148
34'/a
33%
40
21%
-
45
65
May 31
112% Feb 13
115% Feb
—100
preferred
Refining——
4% conv pret series A
3.60% preferred scries
Atlas
200
; :
21%
/5
Atlas
9,400
700
82%
82
•132
11%//-
39%
; ;
Jan
•/
Dec
24%
2
J. 96
t-100
RR——No, Par
W I SS Lines
non-cum
Atlantic
190
110
&
4.4. 5%
6,900
50%
83
67
3016.
49%
Atl G
600
47%
93
50%
Atlantic vCoast Line
5,500-
,
57%
62% May 23
Xll4% Mar 21
26
105
100
—100
—
Atch Topela & Santa Fe
.5%
preferred '
;
7,300
1,000
\
'
preferred
5%
X
133
82%
33%
v
31%
:
—
•
133
u%
40
page
31%/'
82 V4
66%
33%
27%
see
109
/,
>
33
footnotes
*30
•
129 %
*90
„
81
*'•'
133
81%
*131
/'
50
■
110
30%
81%
131
/•.v// •■/■ 131
129%
110
>
94
47%
47%
*90%
>
•
*126
81
*45%
-
:s
51%
f
129 %
*126
v
80
r
47
94
*93.
50%//
80%
79%
121
120,//
V?
Jan
51% Feb
23% Mar
Nov,!
38%
107% Jan
•
220
••'•'-•
29% Jan
6
10
4
132
Constable Corp-——5
Artloom Corp—
No par
Associated Dry Goods—;
^1
6%
1st preferred—,
100
7% 2d preferred:
100
Assoc Investment Co.
—No par.
56
106
/
Jun
14
Jan
322% Jan
No par
100
Arnold
260
149
♦52 V8
118%
;
69%
152
♦105%
106
1
•
68%
♦148
*105%
118%
113%
; 'ii8%
>
152
106
114
-
70%
151
146% 148
*52%
56
147
*52%
27
150
150 > 152
150
35%
26%
36%
27%
12% Jan"
Cork Co
No par
preferred -----—No par
13.75
100
Dec
83
Jan
51% Feb
*<•*
26% Mar 22
Armstrong
2,600
33%
>
7% Jan
No par
preferred
$6 conv prior
1% preferred
330
164%
•■
109 Va
•107
108
20
—5
Paper Co Inc—
Archer-Daniels-Midland
Armour & Co of Illinois
1,200
.136%
/
p
/
U%Dec
5% Mar
29
60% Jan
v
.25% May 31
18
Mar.. 4
Oil Corp—_10
Mining
Copper
"
137
4
4-
45% Mar-
7
1,300
.>•18
43VaJan
43% Jan
2,100
31% Dec
'
1
No par
21%
5,800
-
26% Dec
•/••412
Nov
.
67% May 27
29% Jan
3'
128
Jan ~ 3'
'9% Jan : 3
No par
15
27% Jan
Dec
121% Mar
116% Sep
120V« Jan 16
Mar 44.
i
Oct
Dec X
69% Dec I
43% Mar
May 28
78
61% Feb 26
118
Mar 21.22
196% Nor
n;A80:,
Dec
Jan
100% May 17
26
2
22% Mar.13
-
157
199% May 31
99% May 21
$ per share^
$ per share
tper sharey f.t per share
80% Feb
158% Jan
Highest///:
Lowest
Highest
185% Feb 26
80% Feb 26
14
preferred
<
f
28 V* Jan
No par
.—No par
Anderson, Clayton & Co
l
•
Dec
27% Jan
28
9
26%
/
Dec
39% Mar 13
160
Feb
21
i
30% Dec
Jan
35% Jan
27
112
25%
X108
'
For
56%
Mar
184
Jan
15%
75
36% May 29
105% May 29
28
/.;2i. •
8%
9
164% 164%
63%
109 Va
34
'/••-;■:
$4
114
56%
DAY
5«%
,
'■V 1,800,
'
'
'
♦113
MEMORIAL
114
61%
61
CLOSED
t
54%
95%
17% Jan
Feb
26%
%-6yTy \> - i
/
/
i
118% Apr 22
88%Jan
-40
21%
137
165
,
61%
*107 Va
/
j*107% 109%
61%
'
39% NOV ;
Jan
153% May 27
Dec
19% Dec
11% Mar
43% May 31
Jan 124 /
Hock Glass Corp———12.50
Anchor
18 Va
39
17% 4 18%
134% 136
134
>
25%
.
9
'
134
550
i
Oct
54
Apr
Jan
24% May 31
4.
10% Jan
preferred———25
prior conv
14% Oct
7% Jan
48%
26
119
97% Jan
Anaconda Copper Mining——-^-50>
Anaconda Wtre & Cable
No par
21
8%
26%
38
4
17%
5fi%
20%
9
8%
55
/
39
26%
20
/
20
8%
55
22,400
49%
-
62%
.114 ■
56%
55%
27%:
26%
*19%
'
49%
/
//
Dec
-
Apr .22
44% Jan 15
52
-
v
^
48%
48
STOCK
Dec
Nov
14%
Jan
Jan
25
44% Apr
-100
1st
Jan
9
Lowest *
-
>
Dec
70
34% Feb 25
180
6%
/
Dec
109
45% Mar 21
26
115% Jan 15
104
68%
24
Deo
58
.
Mav 10
34% Mar 13
Feb
10%
j
Dec
Jan
18% Mar 30
11% Mar 12
17
56%
38%
16% May 28
13% Apr 18
118
,
•
33% Mar
Jan
Jan
Apr
i
Nor
40
Dec
Mar
130
®
8% Nov
X117% Nov
109%
5
12% Feb 26
49% Feb
Jun
Jan
47
22
21
i/: 43%
Mar
28
Jan
63
Feb 28 :
99 >/2 Jan
20%
15
91
:
54% Mar 14
87
Apr
Nov
•N
Jan
May 11
-55% Jan
9
12% Jan 28
118
Apr"
9% Jan
2%
96
129% May 15
Dec
19 ^
.
Jan
Jan
27
Dec
9%
Jan
,14% Jan 29
32% Mar 15*
Dec
57
Jan
Range Since January 1
Corp
Wks & Elec
27%
30% Jan
12
Jan
105-
Oct
Dec
109% Jun
105% Apr
Feb
Jan
Dec
Nov
69
-
May 29
8
113
Dec
29%
Jan
32% Jan 28
Feb 16
Nov
>■
149
Dec
48
Co——100
preferred—
Water
42
156%
Jan
Jan
Dec
127
112% Mar
159% May 20
%■
;
preferred,
;
.American Woolen,11.400
1.400 "4; /, .Preferred
4
Amer Zinc Lead & Smelt.
8.000
'
48%
*90
.5%
Am
400
163%
13%
*86
American Viscose
,
-
,33.800
65
163 Va
Jan
110
109
preferred
—————100.
Foundries Inc
—10
6°k
100
'
165
Jan
s-27
1
Feb
107
Amer Type
4,000
1
26%
106 Va
107
96
40% Jan,40
150
9
23
B——^———25
Common class
2,000
75%
*119
78
121
26% .27%
*119
107
28%
28"%
77%
119%'119%
26%
27%
s'
29 J/a
77 Va
28%
75
28%
77%
600
|
Dec
67%
Jan
f
22
EXCHANGE
Amer Telep & Teleg
American Tobacco
Oct
199
39
3
Par
5.900
28%
121
26%
•
Dec
112%
Jan
132% Mar 20
=
17
Feb/
34 Vi Apr
NEW YORK STOCK
14.000
198%
98%
170
89%
183%
72% May 28
5
Jan
10% Aug
.1
15
i
Oct
135
Oct
128
17% Feb
18
No y>ar
STOCKS
198%
169
Dec
55%
*41* v Mar
18
,
Sales for
the Week
Shares
Friday
May 30
Jun
23%
106% Jan
24% Jan
6% non-cum preferred.^.
—J 00
Amer Internat Corp^__-—Non par
American Invest Co of I1L——W
-1
conv preferred-—--.*i-50
IFV
Thursday
99
170%
26
33%
4-
98 %
99
♦106
40
40
,
198
99%
76%
46%
99%
97
28%
172
47%
172
80
Aug
210% Mar 29
.
46
*45
Dec
Jan
15 Va
3
4,000
■196%: 198
98%
98%
97
*118%
190% 190% 1
;
...
"
May 29/
28',/
8 per share
98%
:
t
41%
69 Va
Jan 23
136
Mar 21
.
29%
4 46% ; 48 /
4 69 4 69%
Wednesday
„
-
196% 196%
169
v
SALE PRICES
LOW AND HIGH
May 27
t per share
105% 105%
-■•/.'.44 62
63
403/4
41%
Monday
v:-;
463/4
175
40%
42%
x47
48%
Saturday
/V< May 25
v-v-
29Va
42%
47%
63
.••
20% Jan
—
■
36%
35%
473/4
48%
152% 152% *
*179% 183
L-
•
.-
%
47%
/';:///-■•42/-:i
-
$/
36%
105%
4190% 1903A
190 V4
190
J83
21%
20%'
30
36%
190
62%
112% 113%
63
29%
H
48
:
125% 125%
21%
21%
*179%
190
.
.
126\
113"%
21%
29%
68%
v
64% Apr
■
103% Apr
Amer Mach Si Metais—
No par
>/Amer Metals Co Ltd-Vfc-«-^*NO pof70 ,■ 44 t% preferred^—/—*-—--/U^100
] 1,200
American News Co new_^
_No par
68,200
Amer Power & Light—-——No par
<1,400
$6 preferred
—
No par
; 2,600
$5 preferred-———No par
44.800
Am Had & Stand San'y——No par
•,
- Preferred
—100
31.000
.American Rolling Mill—.—,m»-10
' 1.360
.4% % conv preferred-.-i—.—100
1,100
American Safety Razor——--18.50
4 700
American Seating Co
;
No par
;
430
Amer Ship Building Co———No par
46,700
Amer Smelting At Refg
No par
200
Preferred
—,^——100
400
American Snuff————25
50 4
6% non-cum preferred——-—100
6.500
Amer Steel Foundries—No par
1.000
American Stores--—.No par
;
800
American Stove Co^-^-,.—No: par
1,200
American Sugar Refining
100
4
200
Preferred
——ilOO
2,500
Am Sumatra Tobacco——No par
♦
5
104% Apr
Amer Mach & Bly Co-—--No par
f 3,900
10.800
♦152% 154
49 Va
49%
19%
20%
51
■& 10t7/a
64
29%
154
49%
20%
>104% 105 %:;
//; >:*47. /.
24'%
43%
*179% :1°3
36
36%
36%
64
42
113 %
183 > :
35%
38
23%
20 3%
20%
20%
*179%
37%
23%
*152%
20%
126%
113%
113
38%
Dec
Dec
24
64
American^Locomotive———No par
7% preferred ——
..100
---
423/4
19%
19%
.
126 %
126
42%
*152%; 154
51%
51%
153%
51%
;
4
119%
•118
23
37%
22%
'
40%
39%
40%
120
41%
37%
x37% o'R 22
22%
153%
39%
•118
122
*118
122
•118
...
51%
43
"86% May 15
30
Jan 14
137% Feb 25
>
American
•
.1,900
800
870
18,500
Jan
'
6% conv preferred—
American Home Products—-.--*-,1
«
13%
51%
51%
16'A
16
16
;
16%
♦13%
16%
13%
51
125
♦16
/ 71
161
Dec
Aug
28
44% Apr
2
Mar
v
Sep
11% Dec
103
May 27
19% Apr
34% Mar 20
131
American Hawaiian 88 Co———10
American Hide At Leatherw.-.^..]
13,400
17%
17%
;
*112
37%
/
119
3% Jan
43% May
52% May 28
May 16
120
—-J50
...
iQ
,
100
:1,300
t
35
24% Jan
(7,700/
60
118 Va
13%
15%
,/
*55%
119
51
/
-
125
*112
125
■4
.
.
53%
10%
53%
10%
54%
10%
56%
ll8"
17%
117%
•J. 12
125
118
X53%
54%
"54%
410%
10
*54% 456%;
116% 117
16%
16%
v
117 '
117
700
4,500
1,200
-1,300
39 Va
38 Va
39 Va
137700
4
128
Jan
91% May 23
196% Jan 10
57% Mar 13
Amer Distilling Co stamped-.—u.20
American ..Encaustic TlUng^-^.—l
Amer European Seek—
-No par
American Export Lines Inc——I
Amer & Foreign Powers—-Nopar
87 preferred-^.-—hU,-*-^JVo par
$7 2d preferred A
—■rNo par
66 preferredL———No par
2,100
23
178
90 V* Mar .13
5 Ofl
No par
^
r
56% Dec
12% Mar 14
*
25
:/■//; ■ 6 % 1st. preferred ———100:}
4Va% prior preferred-100
800
y
11 Va
10%
128
128%
38%
*115
117
117
60
♦112
59
,r.
American Coloftype
4%% preferred--American Crystal s»gftr
2,200
1,600
23
59
128%
39%
—
4 150
9%
23
128
38%
/
69
22%
11%
10%
•9%
8%
58%
59
54%
54%
68%
9%
11
116
*54%
71%
X58
38%
C115
105%
107
107
9%
-11%
58%
2,500
b
,2,900
76%
28%
69%
22
120
30
,
5 % conr preferred
American Chicles
240
:
160
*104 %
107
107
3,100
'
100
Can__
Jan
75^/r Apr; 25
1 /'
20% Mar 13:
50
Jan 21
Preferred
*.---100
American Car & Fdy-i-i-.—.No par
7% non-cum preferred
-.100
Am Chain & Cable Inc——-JVo par
300
j
37%
139%
30
.
American
£,900
130
72%
28
/
77
f 11
127% 128
38
"
28%
22%
58
10%
'
i
38 Vs
17 / May 29
Feb 26
129
Dec
Dec
39% May 27
-
1
Jan
Dec X
102%
33
'78
Dec
104%
6
12% Apr 25
5
54V4;Apr.
.
62% May 31
128% Feb 25
89 Vt May 28
'39
Mar 1
t
,
Amer Cable & Radio Corp
\ 340
71%
'
,
36%
48 Va
27% Aug
20 Vb Jan
63% May 27
4
.
Highest
$ per share
tper share
30
107% Feb
Apr 25
/ 47% Mar
31% Jan
8% Apr
~
No par
Shoe Co_^
5%% preferred
50
,•
11.3C0
4,100
102
*157
MEMORIAL
105 %
71%
410%
X
140
CLOSED
DAY
:
13%
,4. 202 /^ 203
EXCHANGE
4
4
27%
107
*106%
70
132 :
71
*123
37%
139%
*104%
105%^
*104%
Am Brake
100%
30%
"
*73
''
28
27
27
105%
*104%
78
■ • f
Anw»rt<«m Rnsrh, finrp r, L
2,300
156%
»
x30%
30%
30%
30%.
30%
160
*158
158%
2,800
28
Lowest
:
■
62
13%
;4:
STOCK
37%
xl56
80
25%4
.",132
'
,
■
131
4140
138% 14144
"
,4
103
37%
37%
37%
/
37%
139
>
44444'
14
131
131
130
131 V
v
37%
_V
,
203" 203%
72%
71%
'
72%
2,700
.
25%
62
*131% 133
104
%
25%
62
13%
102 "
85
1,600
45,000
51%
17V*
43%
17
■•/
Jan
39
26
103
New —-—No Par
Amer Agricultural-Chendc&lJVC gia*
/American -Airlines ,h.ewA;^P.^-r--l
/ American 'Bank Note/—-—.,—,,,-10/
6% prwferred,
i
66/
1,100
Feb
45% Feb
No pur
No vnr
61 Va
25%
/
13"%
.
100%
100
51%
.
>
*
85%
*85
133
13%
13%
13%
.CLOSED
4
25%
/.'•
/•«« :"V490%\
,
42%
86,,
42%
—
t per share
33
Alpha. Portland.
par
/Amalgam Leather Co Jnc———1
6% conv preferred
50
Amerada Petroleum CpfP-AiNP -per
vlOO
•
a
43
52
17
4
.
■
<—
85
51%
17%
86
STOCK
91%
,89%
'
Highest
i per share
' Par
,
4% preferred
100
Allia-Ohalmera Mfg—No pgr
1,000
6,000
67
'
'/<.
52%
17%
60
10%
Lowest
(
Allied Mllla Co InO-^—
1,100
16,900
39Va
10%
*60
67
91%
4
51
51%
17%
24%
39%
,
17%
51
,
62%
«v
89%
:•
10%
*60
•
178
173
39%
10%
39%
104%
Year 1945
Range Since January 1
,
Allied stores porp
10,400
60
■
''
'
2.700
60%
•104
61%
1
60
58 %
37%
59
/
104%
59%
..
57%
;
61%
EXCHANGE
Shares
■
37%
38%
59%
38%
60Va
y4' 36%';
62
t pet share
Range for Previous
STOCKS
NEW YORK STOCK
'the Week
' May 31
f$ per share
tper share
$ per share
$ per: share
/
t per share
May 29
May 28
May 21'
May 25
v;44./>/4,4 - •
4 ':///;.
< /:
Friday
Sales for
Thursday
May 89
Wednesday
Tuesday
.
FRICES
SALE
HIGH
AND
LOW
10%
Dec»
Dec :
Dec
Nov /•
Dec
Dec
63
Dec
35%
Dec
28%
Jun
44% Nov
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4495
Volume 163
IT "3007
NEW YORK STOCK
LOW
I
Saturday
Monday
May 27.
May 25
t per share
28
43%
45%
38
44
56%
30%
27
27-
iAVz
85%
46
45
39%;
39%
56
45'A
39%
\*56
31
30%
31%:,
30%
31%
60
60
59%.
60%
69%:
112%
112%
112%
*106%
107
106
106%
25%
26
,
24%'
•
27
27%
27%
28%
34
34
*109
40%
*39
140%
-
3%
48%
52
500
Iron
26%
Beech
26%
29 y8
8,500
34%
34%
700
♦109
noy2
v
110%
V
16,000
Benin*
31%
3%
48%
31%
32
13,600
ae"«trciai
28%
50
29%
28%
28%
108%
110%
161
161%
*161
*82
83 y4
-82
r3%
109% 111.
3%
45
46
29%
31,900
20%
■'".109% MVk
161% .163 -
,
163
Best
No
12%
(Del)
63
"
Mar
81
62%
Dec
16%
Jan
May 13
36
54
Feb
Deo
47
Nov
55%
Dec
9%
Dec
25
Jan
,
xl06
Dec
24%
14ya Aug
?•>% Jan
'}■
Dec
52 V*
: 29 y* Aug
Dec
110
Apr
Jan
17%
.
Dec
35
Aug
42
Dec
114
Jan
136
Dec
28% May 13
12
35VaJan
28
12%
37
Apr
17
18
112
Jan
8
103%
58
Jan
17
47%
Jan
63
Nov
28
■
36V4Mayl4
37/82May 15
19%
Jan
30
Deo
May
-
8
Jan
7.,,
3% May 22
31 Va Jan
2
Feb
.Blgelo.w-Sanf Carp Ino——No par
23
93% Jan
preferred——.————100
52 Va May 10
V
,
22
No par
1%,
$ per share
23
Jun
Jan
66
u
;
Highest...
$ per share
45 Va May 15
par
———-1
Steel
4
Mar 13
—J
;
—
Foods
Bethlehem
Jan
Jan
Mar 27
L
& Co
Best
900
.
Year 1945
:««% Fea
26
107
o
Loan
Inaus
4
19% Mar 14
100
—,
Jan
24
i
10
Aviation
Rights
2,800
7,700
12,800
„
Range for Previous
Lowest
4
73
May 23
Jan YOV 114 - May 31
Feb 21110
Mar
A
Jan
3 ;
30% Apr 25
39% Jan
5
43
Jan 13
127
Jan ' 7 •
140 % Feb 14
No par
&, Howell Co
4V4% preferred
53
-
'■
Highest
,
(
.——50
Bell
52%
3%
RR—
-Beiding-Hemmway
Bel!
Aircraft Corp--.
52%
v
Par v
v
Works
Creek
47
,
>>
.
Beech-Nut Packing Co——v—2d
2,700
28 %
35
"31%
3%
.
Bath
40'/a
140%
28%
52'A
31%
48 %
•
*39
*136
27%
*109
;•
.
138
*34%
52%
3%
OQ
109%
161 %
161
■
.
31%
•'
49%
OQ
108%
jV
'110%
♦109
25%
27
,
28%
14
i
105%
24%
27%
27%
28%
34
f52%
-31%
: :3%
30%
27%:
v
,
>
105%
40%
•
Lowest
Corp
_1
20%
1,103
Bayuk Cigars Inc———1—.No par
' 40 Va
Beatrice
1,300
Creamery————
28
56%
100 ? X:$4Ji5 preferred—.—iX—.—No \par-"
lt/6%
310
Beck' Shoe 4% % preferred-W.-100 ■ 104 ■
obBott
Aircraft Corp——— —_1
3,800.
14%
69
114.
25
138
110%
52
,
*39
136
136
7,900
3,^00;
'
60
68%
113
112%
24%
>
*136
40%
*39
26
v.
31%
20
31
*59%
105% 106
69
6
>>-
'•
'
■
Range Since January 1
:•.-•
-
8,100
2,000
59%
30%
60
;
69%
3459 Va
69%
70
113
Uy/AAvrAf:^:-' \
STOCK
# per share
$ per share
Bangor Ar AroostookXi———~oQ> 20% Feb 25
; ?0
May 24
Conv
6%
preferred———.——100
-.75VVJan''--86 i: .May 24
Barber Asphalt Corp.——--——10
37% Mar 15 *■;
49% Jan
9
Barker Brothers5 new
10
32% Apr 20 ;
39% May 31
4%-% preferred
——-i---5053
Jan
9
57
May 10
Baru&uaii uu (Jo
o
21% Jan ; 2
31
May 23
250.
56
.>•
"
v
2,300
45%
•.
31%
30%
30% ; 3i%.
68%
!
!
57
30%
;
■
*112%
"»
Shares
share
ver
86
45%
30% >31
$
•
YORK
EXCHANGE
'
27%':' 27%'
...
56%
share
NEW
the Week
May 31
84%
%
28% 1 39
*56
t per
Sales for/
Friday
;nMay.80K
$ per share
86
36%
STOCKS
Thursday
May 29
29
86
PRICES
Wednesday
I per share
86
*56
SALE
May 28
29%
.
86
HIGH
Tuesday
$ per share
29
AND
113% Jan
149% Jan
2
168
63 Va Feb
27
Jan
24%
Dec
May
Aug
29%
Nov
35
Dec
Sep
109%
22% Aug
30% May 31-
3
:
Va
17 '■*■•' Aug
6
65
Mar22
127
,
Dec
28%
--
Dec
98%
Jan
;
Dec
35%
:-
Jan
'
'
Dec
155
Nov
i;
'
STOCK
82
82
>
81%
83
800 /
45
46
1,500 >
EXCHANGE
29 VB
29%
11,700;
CLOSED
28%
28%
7,100
83
STOCK
EXCHANGE
43
43
43%
44%
CLOSED
29
29%
29%
30
29%
30%
26'/a
27
26%
27%
27%
28%
54%
55
55%
56%
: 55%
57
MEMORIAL
33
33
*33
34
,33%
34
DAY
61%
*59%
*59%
*113
113
114%
?R%
29>/a
63
112%
64%
46%
55
59
10
30'A
29%
*210
55
-210
229
54%
200
Bon
59%
8%
9
•
59
61
28%
29% X■'4
90
59%
59%
9
9%
*63
65
1,400
Boston
:
93%
18%
90
19%
*90
91
v
64
64
27%
28%
*90
91
.
500
97%
49%
50%
51
200'
40
40%
59
61
110
*36%
•
,
58% >60%
111
63%
52%
53%
41%
42%
42%
60%
61 Va
61%
37
m
•
A-,
37%
36%
37
37%
44%
45
111
Brtegs ' Manufacturing
N«
Briotol-Myer?,
3%%
-A-
45
36%
*107%
36 y4
~
45% '
44%
108%
/>:/:•: 36
36
23 y4
24%
'24%
*126%
x36
25
1,600
127'/a
126%
Co
New
22'/a
21%
22 Va
96
96
96%
22%
23
22%
23
37
37
37%
38
*106
106%
43%
55
58 Va
59%
1
?
12%
38%
38%
1,800*
106V2
45%
*106
106Va
308
45 Va
2,800
59.>:
3,700
.58
"
44%
58%
59%
."•
58%
,
8
; 118;
us
.>19%
20
39%
.
—No par
37%
38
Monday
May 27,- V
38%
SALE
•
t per share
31
39
45%
45%;
55%
5%
5%
10%
40 Vb
55
59%
55%
138%
*50%
58
145
7i y4
70%
70%
20 Va
20>/4
20%
20 v4
*58%
59%
58%
135%
135%
1
21
135%
*58
61
59
31
31 Va
59
58%
10
10%
10 Va
58%
10%
47%
49
49
170
80%
79 y8
80%
:
20%
81%
21
27
17%:
17%
11%
12
16%
11% ■•'12'•
'
101% 101%
♦111%
*101
112'
19%
20
46
46%
;
24%
39'A
66y4
.
24%
67%113
-
40
♦112%
29
12%
13%
21%
12%
23
23%
29%
30%
69%
40
•
33
*56%
*61%
17%
17
17%.,
12
11%
ll7/a
*101
*17%
:
18,
39%
*38
38%
3,600
,
4oy#
1,600
657/a
400
13
21
29%
24%
13%
20 Va
20%
12V4
22%
30%
30%
: 68 %
69%
68Va
39Va
40Va
72
33%
34V4
'■"■■■
;56%
56%
39 %
40
"
f.v
71% >72%
.
34
:
35
,56%: 57 :
*61%
62%
■
61
62
21V4
./
May 29
May 23
> •' 61
Jan
Feb
Feb
183
25
Mar
.
83 %
30
t
3
2 /
26 i
Jan
Ohir
V
Beit Oo_
2,200
'
&
Clase
•
No par
No
RR
Co
No
V/
4.400
'
6,400
'
4,406
Vr;
:500
.
Chicago &
>V
290
5*
par
'
;
Northwest'n
conv
Pr
pf
Feb
Jan
V
V/V-''
■
56
Dec
Dec
Nov
,
Jan
21
Dec
Mar
56
Oct
Jan
135
Nov
Mar
49
Dec
Jan
Jan
35%
Jan
152
33% Nov
10
Dec
48%
Dec
175
Dec
71
Nov
37% Jan
104Va May
110
127 V
Jan
159
14%
3 *
Jan
47% Jan
14
Jan
66%
:
25%
Dec
J.un
Dec
Dec
16
18 V2
Jan
21%
Sep
20 Va
Apr
Dec
17% Apr
22
4V4
31%
11%
Jan
Jan
Dec
ii y® Nov
13% Nov
109% Jan
29
23% Jan
3
17
115% Feb
10%
•25
24
3
May
Apr
Mar
33
7
42% F?b 10
20 y4
Jun
40
Nov
Jan
50%
Dec
Jan
16%
Dec
9
16
May 11
21% Mar
55
Dec
108%
Oct
112
NOV
Jan
14 V8
54% Jan
5
64
47% Mar
9% .Tan
2
>18% Jan
23
15 Va
May 14
26VaJan
28
May 31
1
17 V4 Jan
25
33% Feb
29
64% Apr 26
82% Jan
28
35% May, 7
43% Jan
17
22~
Dec
:
58%
Oct
26
Jun.
ey8 Mar
16
28% Jan
Oct
Jan
25% May 20
25% Mar 29
33
>28%
17% Mar 12 "7:
X 21%
May 22
par
5: 45% Oct
128% Dec
20%
5V4
8
_.>50
H'.
Nov
21
/
13% Jan 24
May 13
Feb 25
Tar'
Dec
9%
15
25 y4
9%
4
32% Nov'
32
43 : Jan. 81
29% Jan ;7
> 45
&:■ 68% May 24
Feb 26 /
114
Jan 17
108% Feb 26
23
33
Apr
4
Apr
9
V
Apr,
Jan
51V4 Jart
h
Dec
56
72
52
35% May 31
14% Jan
A 19%
—J00:
12%
Jun
5%
12%
Jun
Jan
Jan
24
,
Jan
24 Vb
Oct
33
Deo
66 Va
Oct
74
Nov
25V4
Jan
49 Va
Jun
54
Jan
66
Dec
197/a
Jan
37%
34 y4 Jaa
f5
May
6
78% Feb
16
—No
par
25
Mar 13
3r?% Jan
6
No
Tool
cum
May
43
Jan
116%
.
2
—100
vl
par
.50
Mar 21
59 Va Jan
11
49
Jan
59%
Oct
No
par
59
Mar
67% Jan
17
54
Jan
64
Dec
preferred
'$2.50t
' $ per share
4
>
No par
-
wi
Pneumat
$3
:
par
West RR CO—^50?:
preferred
Chicago
14
-40
A
Hilraeo Great
;
Highest
29
19% May 28
42% Feb 26
.
jr-No par,
.
preferred
111
•,
21% Feb
115
May 10
37
-
new—No par
4,100 •>'5t
oreferred.
19,300
Chlr. Milw St PI P vtc.
5,900 -■
Series A preferred
t
—100
Pap & Fib Co
East
Nov
102
101% May 27
111
'
Mfg new
1.25
Chesapeake Corp ol Va.—,.'^5 >
Chesapeake dr Ohio Ry———/.v
23
2,200
-
Mills
10% Mar J5
.
3.40% ser_100
preferred—100.:
Checker Cab
/ 2,900
,
.'v.''
39
Jan
11
1
May 29
161V2 Jan
•
.10% Feb
Jan
109% Jan
8
25% Feb 26 ,'
G & E Corp.No par
de Pasco Copper———NO par
Products
1
$4.50
—'
•
Dec
10%
81% May 27
105% Apr 25
22% Jan
Chamnion
..
28
101% Eeb
48 Va
51% May 29
:
26
Feb
56
31
47
May 28
10% Jan
Jan
Apr
Mar
113%
59 Va May 21
60
154
1V4
6 y4
20
;/
22
137
34
66
27% Jan
52% Sep
22% Feb 16
5
20% Jan
Chain
14,500
72%
,-'•••
j
$ per share
7
73% Apr
u
169% May 28
Corp
No; par;
preferred —————20
Jerro
IYb Deo
Jan
Lowest
May 29
2
40 Va Mar 13
100
28
Jan
26 y4 Feb 26
1
25,
Central Agulrre Assoc——No par
Oentraf Foundry Co———
—V.J
Hudson
v
,
Oct
Year 1945
Jan
55% Feb 26
8y8 Mar 14
50
—.
Certain-teed
200
69Va
"
3 3'/2 ! 337/a
.'
23 1
29%
23%
30%
147
58
16% Mar : 1
'55% Feb 28
<45% Mar
;
•"
6
126% Jan
10
Century Ribbon
1,500
.
12%
*.
iV 12%
?27/e
.
-
,/a't 64,
12%
%
13%
21
12%
.
40%
62%
63
63 Va
'
29%
V
20%
-69%
58
29
•24
13
30%
*61%
303/,
24%
62%
.
*57
*111% 112% '
•30
v
71
■'•*641/a
*24 '
.
100
tCent RR of New Jersey^
Central Violeta Sugar Co
1,200
•
39%
113
A—1
series
12%
Mar 13
Ry_:
Corp
4 %
Mar
18
Co
Cent RYPr Corp pfd
central III Lt 4%%
30
-900
.
*38%
■
124
"!% *,2d preferred—
Central
300
;
112ya
Nov
27% Dec
Aug
'
101%
112%
'
81
Range for Previous i
Highest i;i-
40% May 29
59% May 28
41 Va Mar 15
54P
5,400
8,300
;
Nov"
Nov!
110
22% Mar
47% Apt
8
58
Apr 10
7% Feb,16
25
Celotru
340
-
<
1,900
4,400
62%
3016.
14,800
•;
21 y4
28
13,400
58
page
35%
19 Va
39%,
70%:
&
•
21%
26Vb
;
,
15Va
Jan
87
bee-
20%
95
Jan
3%
15
i per share\
!
10
Prpferred
800
24Vz
•
14%
^
*
Jan
7 y4 Mar
105% July
May 28
t.Ti,:}•;*$.,vj%*.},
7
Feb
62% Feb 26
class
Ohio
Carrier* & General Corp—
Case i J Ii Co
*.
; 220
.47%
C9
33%
35
"
19 %
12% ; 12%
V,/22%> 23%-
71 V.;
83%
108•
159%
24 Vb
♦111%
40
111% Deo
77% Aug
59 y4 Mar
7
7
8% Jan
Celanese Corp Qf Amet—*-»—NO par
$4.75,1st preferred—
^Nopar
/
MY*
—No
Steel
Preferred
39% Dec
Sep
13%
v
16
Jan
'
par.
Ry
6,800
81%
46 y4
••■?' 65%
4
Feb
•*,
3VaJan
x30
Caterpillar Tractor———No par
19%
'
29
Apr
105
9
Jan
109
May 24
2,500
,
18% v
Pacific
Administration
Carrier
18,600
24%
66%
'
52
,110
;
48%
113
.
100
25
Co—
Mills
Carpenter
500
24 Va
-
,
Jan
15%
t,\ 35%
7
79%
107%
,
Ry
$3 preferred A
Clinch &
4,200"
-
48
40%
i
10%
19%
20%,
:
58
10%
24%
38%
.
98
May 31
39JA May 28
May 15
9Va Jan
6
2
■
Southern
Carolina
2,600
16,900
•
48%
12%
.
60 Va
19%
40%
Dec
110
$ per share y
1
Capital
50
120
24%
69%
--
70%
see
Xl9%
42%
>
Cannon
2,400
46% :
30
; 30%:
24 >> 24
f
> 81%
62%
21%
;
38%
*65
•61%
12%
*17%
•112
25
61
18%
38%
39%
.30,
;t?4
.
ioi y4 101%
*111% 1121/2
18%
30y4 Aug
20% Apr
:
3
Jan
51%
21%
■
Jan
Jan
170%
26%
17%
11%
Dec
100
3
99% Jan
2
29 Vz Feb 26
54
Zinc-Lead
Canadian
400
317/a
♦159%
.33
■
26%
*
38
-
39
•;
21
■
■
101%
112%
112
18%
18%
*38
30%
21%
26%
39%
20
■
2
39
78%
107 Va
17 V*
18% Jan
59% May 22
Mar22
10
50
-
Canada
50,300
-
;
•
—
29
59% May 29
3 :
par
No
Packing
preferred
5 %
Oct,!
•
'
50%
160
29%- 30 %•
45ya Jan
25
Lowest
*168%
DAY
83%
>
,
"
58
..V*;.,
CLOSED
MEMORIAL
107
<
30%
EXCHANGE
...
73%
159%
Dec
37%
Jan
-
6io
58
59
170
82%
24%
Jan
Range Since January 1
200
•
136
STOCK
10%
79%
21%'
26%
26%
footnotes
58
51%
170
Oct
Jan
111
*
& Hecla Cons Copper—5
Campbell W & C Fdy_
No par
Canada Dry Ginger Ale common—5
$4.25 preferred
tio par
7,70tf
;
20:
31%.;
10%
97
10
22 ya
28 Vb Feb : 4i.
45V4 Feb : 2
108y4Mar 28
May 31
6
Calumfet
ii
70:
.
Nov.
25% Dec
119% May 27
>"
.
•
128 V
Jan
3
STOCK
California
Callahan
21.
:.
50%
80
81%
159%
29%
For
19%
69%
136
107
107y2
*159% 159%
107%
159%
?
..
*20 y4
59
58%
139%" 170
'
81%
•107 VB
,
•/'
51
YORK
Jan
Jan
C
16,800
3,100
56%
iv.v..
III/:
18,300
146%
*54%
32
;
;>
*143%
''
60
29
80
'
6
58%
13b
29%
NEW
Nov
10 Va
24% Jan
par
dtv.
X
20% Dec
74%
75 % Jan
Par
170
10%
40
58%
*135%
59
29
A
5%
10%
21 Va
59 y2
No
EXCHANGE
1,700
,
'
39%
it
20%71
:
58
*167
46%,
55%
57%
65
19%
*69%
58%
135%
>
Co
120
40
,
6
25'A Jan 4
109.
Jan'24
•
Nov
35% Nov >
9
10% Feb 25
i
112
,
-.
•
99% Jan
16% Feb 25
5
Shares
„
46%
147
51%
19%
*58
share
per
55%
.
59
52%
19%
V
.f the Wed
;
*51
19%
*70%
v
t
10%
40%
Sales for
VV MaySl
57/a
10%
40
>
146
138%
53
19%
5%
10%
4oya
137
CLOSED
Friday
.
May 30
55%
55
EXCHANGE
Thursday
-
$ per share
467/a
5%
Jackson
Zinc
I;
Dec
.
26% Jan
'"
$ per share
55 Va
10%
Byron
&
STOCKS
Wednesday :.;'•••'.
May 29
46%'
40 :
40
Copper
36
3
Feb
;
Dec
52% NOV
,
35% Dec
j«iy
Jan
""
Dec .;
19%
.106
21
"rr
Deo
180
-37% Mar
•
jun
59% Nov ';
37%
3
4
90
Byers Co (A.M) ———No par
Participating preferred
100
PRICES
55%
10%
Butte
2
Jan
38% Jan
Butler Bros common
—a—10
4%% preferred——X.100
5,400
-
,
Jan
10% Mar
3
116
preferred —————100
Bush: Term Bldg 7
preferred—200
4,000
300,
2,400
8%
105%
.
28
108Va Jan 31
6%
-•if ^
47
•
.
Dec>
Nov
10%
Jan
12% Mar
38
Dec"
55
Apr
23% Jan
104% Apr 25
35
Feb 26
vur
i—5
40%
191
$45% Oct:
17% Mar
25% May 31
130
Feb
2
30% Jan
BuiTOUghs Adding MaCb—JNo par
Terminal———!—l
5,700
31
105
40
38%
HIGH
8%.
31%
——No
—
Co. Inc.—
8y»
42 y4
•,
.
38 Va Apr 23
3.9% May
par
Busb.
440
:
37%
111%
No
r>
23
Apr
Apr
Mar 15
93
;
Deo;
Deo
45% May 28
1W»% Mar m
21-
120
Jan
18% May
No par
Burliiigton Mills Corp common—-1
preferred-———
—..100
:
3%% conv 2nd preferred—100
1
37%
105
55
5%
STOCK
A
.
46%
X40
31
No par
—
Billiard Co
80
98:
Wheel—
•
Feb
Dec,;,;;
67%
36%-Apr
38% Apr 22.';
,
Dec i "
78:.
Jan
33%
,
:18%Marl4
par
5
t'ti G) Mfg
preferred
Bulova Watch
.
35,800
4,400
95
*10)%
46%
5
?
:
55
s
:
133/a
95
97
8%
.
30%
105
.Tuesday
May 28
$ per share
No
10b
par
Co——
115
26
i
34%
109
24% July
114
V •*
42Va May 31
70
May 1
6
■
Deo '
Dec
'
53 V2 Jan
27
35VaFeb
Apr
52% Apr
May 14
20% Feb 16
10
Jan
■
Dec
42%
Feb
91
3\V4 Feb 26
;
15
new
Forge Co.:
1——. 1
Buff Niag El Corp $3.60 pfd
100
700
13%
^
U
39%
8%
.
31%
105%
LOW AND
•"*
-
$5
200
19%
'
>•
111%
*109
8Va
30%
105
,
Inc
May
35VaJan
32%
112
Jan
95
May io
11% Jan
26
Jan
49%
64
May 31
34% Jan ^9
-
Jan 21
110
7%'preferred———-.--100
Budd
4,100
116
.20
37%
,
58
116
•
12% >13%
95
-95%
97%
95%
•,
111
.8
30%
105%
36%
-
56%
*109
118
■
*i08Va 109
57%
*
7
Mar 18
V4
,\y 17y4
9
57% Apr 22
61% May 29
May 18
' 31
Buffalo
"•
-
7%
I per share ■"
38
96%
38%
29%
May 25
38%
*106
.
12%
*109%
105%
Saturday
7,100
Budd
96
92%
111%
*109
,;.
23%
58%
*95%
91%
38%
23
38
-
.19%'
12%
•96
90%
23%:
»'..
;
19%
*12
.*95
540
.
,
•'
97
•>;>•■ 45%
118
119%
>18%
-
'
19,309
36%
45%
*109
119%
50
23%
59
,58%
*109
Bucyrus-Erle
I271/a
44%
~
*126
Co
Brum-Balke-Collender—
19,600
15%
96%
55%
44%
54%
300
25%
May
8
51
24
72
46'A Feb
-
100
preferred——-—'No
223/a
22
•
X22%
' 106
106
1263/4
22%
Shoe
$3.60
20
18% Jan
xl08% Mar
Apr 30
Apr 28
224
xlG'/a Mar 14
i__2.50
Brooklyn Union Gas.
.Brown
1,700
36
25
25%
126%
126%
21%
44%
108%
*35%
36
;
24%
,
96
44%
"107
>; 108%
*107
108%
,
,
wr»
preferred
'
44%
*107%
;
.••
Sriggs & Stratton new^„v—-Np, par
.
10
37%
(assented) .100
Dec X
Dec
-—»'
>
48%May l3
7/
44% Feb 26
-
Bridgeport Brass Co———No pnr
2,300
61
*109%
*109% 111
RR
55
•
8,100'
1,300
»
*109%
37%
15,900/
51%
41
110
*
19%
X41%
52
40
19%
19%
19%
Maine
3
36% Jari
-
"
,18%
18%
&
73 Vs Jan
112
JAn : 3
44y4 Jan
4
Bower Roller Bearing Co
---5.
'Braniff Airways Inc———2.60
Brewing Corp. of America—J—.18
7,200:
May 29
85% Feb -8
7
174
J
66
28
26
-
38
25%
:
—
66V2 May 10
Feb
Jan
13% Jan
114% May 22
35
Mar 26
26ya Feb: 26
72% Dec
57
2
Co
8,100
"
Jan
-23 *■
May 31-
3
60
(The)-——J*—Id
Borg-Warner Corp—
__5
9'A
46
>
48
30% Feb 16
28% May 31
Feb -26
104% Jan
38% Jan
Bond Stores Inc common.——1
4%%
preferred
——j—-100
Borden
-
38% Jan
———No par
—
-2
'
10
109Va Jan
-—No par
3,300
61%
9
28%
*62
'<
29
28%
61
9%
29
—.o
4,600
55%
61%
59%
9%
•
rNo par
Co class A
Ami
Class B-
'
59
preferred
conv
tiaugblin
83 V* Apr
22Vb Jan 21
25% May 16
52
May 15
;
Bloomlngdale Brothers—No par
preferred
100
.Boeing Airplane Co
8
Bohn Aluminum & Biass
—8
80
46%
33'/a Jan
•
pa*
Blumenthal & Co
229
55
55%
NO pat
-No
-
Co—-—-—X—i
.
1,200
65
45%
45%
x45%
46%
r
17,100
.,
111
*63
64%
64
30
68 VB
*110
111
-110%
229
68
68%
67%
54
•
$2.25
Bliss As
Mfg Co
Co
Bliss 1E W)
10
113
29%
& Decker
Biaw-Knox
.
300 -
59
-
*210
229
54%
-Black
1,100
*111
68
46 V*
47%
*215
35"
60
30%
•65%
65
,,
56
*33
113
67
' 111
111
*547/e
*59
64%
,?q%
62
*111
>
*111
61%
113
-
•45
43%
f
/
6
Dec
;
"jvri'tyf ;ti',V.. \
FINANCIAL CHRONICLE
THE COMMERCIAL &
</■, [qy
k
Mond^June 3,1946
NEW YORK STOCK RECORD
HIGH SALE PRICES
Tuesday
7
Wednesday
May 28
»
May 28
LOW AND
Baturday
Monday
May 25
May 87
•
t per
share
$ per
8 per share
•
51
117
18%
55%
41%
18%
-
V
56%
42%
55%
42%
17%
553/4
41%
36
18%
.17%
ft
35
41
fa
r%
t
105
•104
•66
68
*187
190
♦103
111
,
*58
-
35%
36
35%
36%
52%
*107
■
56%
20%
21
56%
•30
31
30%
28%
*29%
30%
46%
*27
28%
46% Jun
393/4
38%
50% Nov
20%
373/4
37%
38%
38%
37
13%
373/a
37
38
38
133/4
13%
13%
13%
110
110
110
105%
104%
33
102%
57%
118%
•
5%
124%
126%
353/4
?
58%
124
125%
35%
35%
36
70%
69%
393/^
39
40%
x39%
54
54%
54%
9%
9%
35%
*113
20%
59%
60
59
26%
39%
112%
52 %
16%
46%
52%
17%
52 Va
17 Va
17%
16%
15
56%
19%
55%
19%
15%
55%
20%
47
48
23%
28
28%
,
*55%;
273/4
55%
21%
543/4
;
a
.
,107%^
323/4
32%
35 C ';
♦32
55%
*32
55%
56:.
52
52
37%
201%
473/4
35
*32%
56%
56/4
51%
373/4
*52
>
1083/4
139
139
139
50%
51
113
113
37%
38
26%
25%
26%
180
60%
61%
*102 %r 103
573/4
58
*75
*165
59
,
*57
79%
213/4
21% / 22%
144
*142
-
75%
'
8%,
23
*134
44%
31%
40
263/4
263/4
*165
593/4
61%,/
58
79%
*75
<
,
60%
26%
8%
"'
*134
■
140 *
*563/4
•
78
21%
*144
753/4
*30
30%
110%
323/4
32%
67%
30%
67%
54%
55%
55%
563/4
•383/b
39
383/8
38%
X46%
473/4
46%
47%
13%
13%
32%
♦67
13% / 13%
27%
27%
27%
76%
*74
*74
551/4
/
46
27%
273/8
76
36%
37
47
47%
47%
48
47
48
48%
49
48%
49
♦74
471/4
48
*36%
30%
30%
116%
118%
XI16%
*106%
108%
106%
29%
footnotes
see
page
3016.
31%
117
106%
30%
371/4'
31%
preferred
preferred
36
47%
■
48%
31%
Press
78
Cunningham Drug Stores
Curtis Pub Co (The)
21%
':
58
: 13%
27%
:r
36
47%
49
313/a
*105%
110
*105%
110
20
Delaware & Hudson
100
Delaware Lack & Western
50
Detroit Edison
20
Detroit Hillsdale & S W RR Co—100
Devoe St Raynolds A new
12.50
Diamond Mated
No par
6%
partlc preferred
25
Diamond T Motor Car Co
2
Distil Corp-Seagr's Ltd
No par
5% preferred
100
4
3
136
73
•/7
Feb
Apr
Jan
9
13
8
17
353/4 Jan
Apr 23
20% May
>
6
32% Mar 13
14
39% Feb
1
■ - 62
Jan 14
54% Feb
6
40% Apr 12
110% Feb
5
150
Apr 12
/
54% Feb 16
115
Apr 10
46% Jan
8
28% Jan 10
165
Jan
8
-' 62 % May 22
106
Mar 25
60
May 2
82i/iMayl6
26
Jan 24
146 V2 Feb
5
76% Apr 29
129% Jan 30
•
12% Feb 4
34'% Feb
2
134
Mar 18
45
May 20
19
34
May 13
31% May 28
110% May 31
30
Apr 15
•
:■
113
Jan 7
"• 34% Apr 20
2
1
May 31
Feb
5
Jan 29
16% Jan 16
28
Apr 17
77
Feb 25
39% May 9
50% Apr
4
493/4Apr 15
34 V* Jan 14
111% May 9
109% Feb
5
23
Feb 26
24
Feb
45
Jan
423/4 Jan
Preferred
5
37 V2 Jan
—
>46%
117
—B
Mar
2
47
1
100
1
4%% pfd——100
Dayton Rubber Mfg Co
50c
Decca Records Ino_
1
Deere & Co
No par
7
26
Jan
5
18 V* Mar
1% pfd
Cutler-Hammer Ino—
No par
Cushman's Sons Ino
25
Jan
35
Dayton Pow & Lt
33%
115%
A
Feb
993/4 Jan
Davison
68%
118
39
No par
No par
No par
—-1
Davega Stores Corp, N Y
Chemical Corp (The)
31
31
116%
Class
160
Inc—2.60
—
preferred-
Ourtiss-Wrlght
'
-
433/4
76
$7 preferred
Prior
76
21
363/4 May
5
Inc
Jan
22 3/8 Feb
10
preferred
4%%
109
100
30
100
preferred
6
Feb 27
Jan
3
Jan
3
42% Mar 13
100
Cuban-American Sugar
v
3
115
——100
5%
Cuba RR 6%
Cuneo
140
107
No par
573/4
*38 % >38%
: 131/a
No par
No par
$4.20 preferred
$4 2nd preferred
May
48% May
61
29
Cudahy Packing Co
146
31
5
Zellerbach Corp.
Crucible Steel of Amer
1%
110% 111
32%
67%
./
600
200
6,000
8%
*136
31%
67%
27%
23%
X433/4
29%
110%
/
■
8%
•
v
523/4«
22%
v
//•:;
1,400
6,100
1133/4
60
44%
30%
29%
111
141%
preferred
Crown
103% 103%
44%
44%
370
108
59
.
/
8%
233/4
4,200
44
$2
600
,
180
75 %
22%
1,800
52%
*165
21%
8%
553/4
37%
113%
%
■/>>.
23%
140
Crosley Corp (The)
Crown Cork & Seal
•39%
DAY
145%.
74%
200
48% May 31
lloy4Mar21
.
107y* Apr 25
31
Mar 4
2
No par
No par
No par
Lowest
$ per share
Feb 26
38
eommon_~~~~-~-~»«^~-25
100
Wheat Corp (The)
Year 1945
Range Since January 1
Lowest
Highest
I per share
preferred
32%
EXCHANGE
MEMORIAL
21
'
-
75% -s
Co
31
CLOSED
144
22%
144
Crane
33/4%
51%
STOCK
'
27%
78
12,000
.
Cream of
52%
•
<•'
48%
37
52%
,
Par
100
108
■/
Shares
800
553/4
J
40*
180
the Week
EXCHANGE
108%
*137%
114
NEW YORK STOCK
31
139
31%
For
48
Range for Prevfoni
|
Sales for
32
*102% 103 %
.•/// 57
57
31%
28%
*110%
114
39
*102% 103
•
79
143
51%
52
113%
180
'
13
share
*107%
53%
1083/4
*165
^
I per
I per share
563/4
109
,
:
May 31
37%
139
37%
>
STOCKS
33 >>>/
139
49%
:
v
65% VvO
Friday
Thursday
May 30 -
37%
108% 108%
*112%
39%
106%
-
6%
6,
483/8
108%
:/•
123/4
6%
*107% 108%
32
32
32%
51% :
,
*106%
'
59
•20Q v '2013/4 ■'■•
t per share
'
373/a
373/s
.
64%
May 29
48
23
39%
1
•
Wednesday
*107% 108%
Nov
56%
*23
*
13 y«
May 28
47
47
46
107%
323/4
Oct
Deo
43
SALE PRICES
$ per share
$ per share
$ per share
HIGH
'
58%
6%
Tuesday
May 27
May 25
59%
20
21 Va
56%
59
.12%
13
LOW AND
58%
200
66%
Monday
57% '
23y8
,
38%
39%
106% 106%
V63
643/4
62%
63%
200,
200
17% Dec
28
543/4
20%
23
.
Sep
Deo
23%
281/4
55%
*20%
*56
38'A
383/4 "
105%; 105% f.
Saturday
;
28
*56% v 57% "
22%
24
13
*46
Dec
50
20%
47%
23
.
60
109%
55%
19%
23%
21%
58%
55%
*23
56%
20%
*
..
,
Feb
Dec
113
15%
15
48
473/4
17%
^*113Vs 114
113% 113%
Dec
40% Nov
*105% 108
48 3/4
493/a
*105% 108
48%
49%
15%
22%
45
115
52%
19
15%
15%
;
35% Dec
39%
39
Dec
45% Deo
26%
26%
553/4
1
22
203A
59
113%
171/4
17%
49
34% NOV
109% May
108%
203/4
58%
Nov
7% Dec
9%
108%
NOV
39% Oct
50
35%
112%
52%
521/4
113% 113%
113%
,
55%
112% 113%
105% 105%
46%
40%
48
69%
9%
39%
27'
38 3/4
34% Nov
39%
26%
39
26%
1243/4 Dec
36
35
Dec
4% Nov
S3/*
•54%
-
25%
124%
353/4
69%
■
116% Dec
30%
5%
1233/4
60
112%
108%
45%
'
20%
17%
16%
,.*104
-
35%
108%
35%
1083/4
20%
52%
52%
54%
9%
:
'V
108%
26%'
40%
112%
39%
,
35
*
29%
30%
5%
125%
36
70%
40%
55%
9%
35%
1083/4
203/4
Dec
53% Sep
58%
119%
69%
Oct
413/4 Oct
28
119%
69
9%
107%
58%
29%
5%
30%
NOV
11% Dec
110 V* Nov
45%
58%
.
5%
....
50
Jun
-
.
119% 119%
58%
119
29%
30%
-5%
,,
32% 33
102
102
34%
102
„
133/4
110
110
*104% 105
105
44%
583/4
112%
>
21'
*27
28%
17%
37%
108% 109
205/s
20%
6*0
60
I
50% Jun
■20%
31%
30%
.
119
253/4
/
Jan
18% Deo
*30%
•27
34%
102%
34%
115
303/4
♦104%
'
61%
112
•111
31%
38%
-
Dec
Dec
503/4 Dec
*30%
68%
v
49
106
17%
20%
46
9%
-
54%
108
58
DAY
57%
17%
105
54
108
112%
45%
35%
*1300
53%
MEMORIAL
107
107
108
17%
109%
125
CLOSED
111%
110
.
68%
67%
STOCK
Deo
188
187
EXCHANGE
17%
*104%
t
53% Oct
54
112%
13%
5
Jun
Nov
155
69
53%
17
37 %
20%
Apr
100
♦1300
—
53%
112
37%
57%
110%
30%
363/4
118%
U Oct
683% Nov
189%
55%
37%
34%
Dec
Dec
May
115
60%
*187
28%
*102
Nov
72%
36%
60
60%
Jun
25
41% Sep
190
.
■133/a
•
105
165
30
110
30
36
68%
273A
,
2,000
215,000
59
*162
17%
21%
31%
30
.
104
62
165
54
•30
•
.
112
20%
V
57%
41%
140% Deo
3,000
9,900
3,400,
f.
.
"
188
107 %
163/4
56%
41%
Dec
105
*103
*1300
54
Jan
Dec
205
62
53%
*111%
91%
35%
68
104
59
107%
12,300
112
27
300
107%
35%
•
137
35%
16
1,600
*162
187
67,
135
,,
15% Jan
X76 % : 76%
*106
107%
35
66%
Nov
%
•58
187
48
18
♦103
*1300
51%
Jan
56%
•106%
STOCK
29%
,
*187
190
,*£ *103/106
112
112
76 % ; 76 %
CLOSED
Dec
50
42%
67%
>>•■
106
111
EXCHANGE
15
*104
105
35%
36
>:>■■:
36%
35%
'
*23
Jan
*111
133% 137%
?111
113
' 34%
36
35%
343/s
Jan
4%
50
1,400
4,100
4CS
51
115
•110
/■
:
553/8
/
400
22%
10%
10%.
51
130% 134
132%
130%
*112
,iShares
share
22
22%
22%
9%
51
49
$ per
; Lowest ,'••.//•;
Highest
t per share
$ per share
A23%;*23%
•
10
9%
9%
9%
*49
the Week
10
*23
22%
22
21
Range for Prerious
>
;■ Year 1945
• •<": '<&
Sales for
May 81
t per share
I per share
23%
share
*223/4,23%
23%
23
20%
Friday
Thursday
May 88
11
41% Mar 15
11% May
25
Jan
6
3
75
Jan
14
28
•
Jan
3
27
3
15
Mar 13
83
Feb
40% Jan
43% Jan
25
105% Mar 15
-
k
75%
58
403/4
50%
May
Highest
$ per share r I per share
43% Deo
108% Dec
25% Jan
99 % Aug
24
34%
Jan
203/a
106
41
Jan
49% Nov'
106%
63
Deo
30% Dec
-
Jan
112
124
Dev
Oct
Nov
Nov
52% Nov
111
Nov
35% Jan
87%
Dec
Jun
59% Deo
28'A Mar
37
Jan H:
25
Aug
42
Deo
18
Mar
29
145%
Jan
*150
Deo!
Sep
25%
Jan
99%
Apr
28
Jan
9
.v
Dec
29 %
.
Mar
Apr
59% Jan
5% Aug
18% Jan
Sep
25% Apr
Nov
51
'V-
122%
118
51% Nov
102
I/--
Sep
56
Dec
24% Oct
154
Oct
75% Oct
9
Nov
30% Oct
125
Oct
37% Deo
Volume 163
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4495
NEW YORK STOCK RECORD
STOCKS
■;//// Friday'/'/
Thursday
May 30..
Bales for
t per share
$ per share
51
61
;
*37%
241/4
24%
91
■
2,800
188% 188%
/: 117
;; 117
/
27%
,
880 /• • ■ Class A
1,500
Dr. Pepper Co
8,400
Doehler-Jarvls Corp
/■' .".5,500 ;/ Dome Mihea Ltd.
9iy4
111
;/
39
53
53
3%%
600
:
1,800
'4,100
217% 219
Dunniii
128
700
115
115
2,100
$4.50 preferred
Huouesue Light 6*
1,300
/
29
29%
29%
30
28%
29 Va
29%
29%
59%
59 %
29%
STOCK/:
30
29%
/
4,300
/;
/
30
16,800
860
'
CLOSED
59%
251
39%
59%
29%
60
59%
254
254
255
; 205
205
38%
♦108y8
■108%
108 Vo
48%
49%
65%
65%
108 y2
50%
111
11%
11%
77%
33%
32%
33%
32%
6.
;1 5%
28%
29%
6
29%
171%
1721%
;
•':
173
156%
;
,
155
156%
*109%
111*
28%
70
4,400
■
:
—
-
12%
:
;
106,
106%
106
108%
108%
108%
108%
108%
108%
108%'109
3%
3%
18%
;^77%
18%
,
C
'
92
18%
V-.-.X8 W
'•
3%
58
10%
900
ill %
i
900
;
85%
85%
86%
28 i/a
28%
29%
28%"
29%
14%"
14%
14%
is y3
15%.'' 15%
24%
24%
24%
24%
110%
50%
110%
85
■>
*110 Vs
111
51.
.: *50
40
40
■
■,»!
77%
33;/
33%
61/
>:
61
75
60%
76%
110
*106%
67%
76%
44%
45%
*53%
54%
'•/
59
;•:
5i;
44%:
/ 18
54%
18%
.
60
18%
18%
99
99
20%
21
20%
20%
95 a:V
95
95
45%
•,*26%
46 "
29%
*178
30
Xr ;.fe;
n
*
46
•
♦
27
"47
181
178%
'
60%
60:
22%
22%
•45y
l07'/e 108%
Saturday
Monday
May 27
May 25
I per share
107%
-
15%
10%
V.
<r
130
*54
46%
26%
47
*177
60%
22%
47%
107%
tper share
179%
i
V'
■
STOCK
EXCHANGE
J"
.
'
23
■
.
V; 158
•
8.700
Fruehauf Trailer
107%
107% 108
'
:
.
'
Friday
May 31
$ per share
12%
*196
.
x26%
68
13
198
15%
2.000
11%
109,700
20%
EXCHANGE
38%
52%
DAY
*196
47%
48%
52%
46
39%
178%
120
55%
-8.300
159
.
159
39
178%
49%
49%
52%
48%
120
120
74
129%
27%
27%
37%
37%
5%
5%
5%
//23%
23%
23%
47
48
153
150
150
121
For
*150
8%
footnotes
see
8%
r
,34
•
46
•r
2,900
35%
Foods
Corp
3% %
conv
preferred
No
Outdoor Adv
Gen
Public
2,000
Gen
Nov
63%
Dec
70%
Nov
23%
Corp
Service
Dec
110% Mar
60
Oct
Jan
38%
Dec
111%
Nov
41
July
Jan
/ 16%
Dec
v
107
18
18
0
,
;
30% Feb
16
6% Mar
47%
9 '/;.•
16
17
;
Jan
—
17
53
Oct
18%
Deo
44
Dec
13%
Dec
75
Jun
—
59% Aug
,
25
:■•
Jan
Mar
-118
34
-
Jan
—
May 28
35
Dec
—*
>
Year 1945
Feb
26
5
Feb
5
12% Feb 26
182
Jan
Apr
3
Jan
2
139
31
171
45
4
115'A Mar
70
29
May
7
127% May
2
20
Mar
2
33% Mar 13
No par
„10r
4% Feb
26
5
18% Mar
4
par
38 Vi Mar
1O0
142 % Feb
27
10c
7% Jan
3
Dec
109%
Dec
61%
Dec
8% Jan
14%
Dec
Dec
49
.
15
Dec
V
,
160%
9
3
4
8
123
Jan
38 y4
Nov
Jan
Mar
Oct
145%
Oct
Jan
36
Oct
172
May
Sep
49%
40
Feb
43% Aug
6
127
114%
14
80% Jan 30
132
Feb
5
29
; Apr 26
40% Jan 14
7% Jan
Jan
114%
27%
153
37%
8
8
56 % Feb
51
Feb
Mar
19
15
135% Jan
Dec
6
May 21
Apr
Feb
52
20
Feb
24%
Apr
I Jan
104%
r
27%
182
49% Feb 20
Feb
Jan
12% Jan
185%
40% Apr
Jan
2
Feb 26
43
58
Jan
159
Mar 13
130
—
16% Apr
56
May
2
.11% Feb 26
33% Jan
Jan
Nov
51%
'
28% Apr/17V/-17% Jan
28
22
7%
24
May 28
141% May 28
21 y8 May 29
108
Jan 14
71 % Apr 22
14% Apr
0
V 200
Apr 29
Apr
16% Mar
May 29
67% May 29
8
60
14 %
:
>17
26
t per share
—
15
29% Jan 29
3
107% Feb
Jan
;
Highest
8% Jan
4% Jan
16
/Jan
21
27
Jan
t per share
15% May 28
11% Jan 29
Apr 2
22
May 31.
2
17 y8 Feb
.
Lowest
t per share
5
78
par
26.000
Apr
34%
108y2 May 20
3
.
54 y2 Jan
——100
—10
common—No
Precision Equip
Public
107%
28%
103
—
47%
21% May 15
par
Gen
Jan
12% Jan
parv
No
Gen
Dec
59%
Jan
21% July
50
Jan
•
53 % Mar
105% Apr
~' 42% Jan
27% May 13
18% May 24
100
General Motors Corp
$5 preferred
Gen
18
9% Jan
Oct
Jan
182
May 21
60% May 31
22% Mar 13
—No par
common
2.600
•
Nov
Highest.
22
No par
preferred
2.400
//
.«
8% %
Z
35%
9%
35%
•
..
50
12 200
A-
4,400
46%
45
46
1.500
121%
121%
120
121
800
3016.
5%
Dec
32 y2
82
125
10
22%
15
Aug
Oct
Jan
May
Jan
Jan
1%
Jan
28%
/
Jan
"
9%
34%
Z
■46%
121%
page
900
48
46%
General
31.100
.
23%
v'
45%
>>
129%
5%
General Electric Co
General Mills
1,900
28
75%
Transportation
5
General Baking
-—5
$8 preferred-—.——No par
General Bronze Corp
.—9
General Cable Corp
No par
Class, A
No par
;
7% Cum preferred
100
General Cigar Inc
No par
1% preferred
100
6.600
100
26
8% Feb 26
100
Amer
2.100
/
120
75
27%
33%
4*..—
39.200
135
37% / 37%
153
1.300
-'Z''
53%
47%
*134
129%
/.
-
>
49%
73%
129%
*150
1.620
39%
*176
.'•■
46%
:134 >
9.700
54%
53%
/
134
3,700
15%
19
Feb
19
Investors——..—...-!
$4.50 preferred
27%
Jan
10% Jan
:;>/ 5 % % conv preferredU^.——50
15
159
39%
110
Gen
42%
Feb- D^Z,; 25 ./ - Jan
35% Jan 28
14- Apr
105% May 15/
4%% conv preferred
50
Gaylord Container Corp new_1.66%
198
,26%
54
*176
1.500
68%
25% Jan
23% Jan
28:
21% May 21
34% Jan
4
No par
1
10.000
MEMORIAL
15%
158%
•
Co
23%
68 Z P?
9 V
2
147
(The) common——1
Wood Industries Inc
Amer
110%
Range for Previous
67%
*106 %, .107%
CLOSED
jfh.
Jan
142
6%
Gen
Apr
100
Apr
49% Jan
Lowest
19.500
21
Mar
Range Since January 1
17
142
26% Dec
7 "
237/s May
6
26,
26%
Gair Co Inc (Robert)—1
Gar
Deo
Jan
'
Gardner-Denver
20%
21% Feb
105
4
I per share
Gabriel Co
Nov
20%
104
/
60% May 31
'
27
;
,
EXCHANGE
1.300
,
/
72y4Feb
37% Feb 26
NEW YORK STOCK
6.000
21.100
23%
3
16% May
..—...100
22
700
26
.
67% Jan
Nov
36%
17
46% May 29
Jan 11
11% Jan
2
1
26
4
Feb
16% Jan
65
;
■<■:
115
Jan
57
Apr
19% Apr
9% Deo
Jan
25% Jan
12% Mar
May 28
Feb
02% Nov
42% Jan
•
1
70
Feb
83 % Apr
2
42
preferred——..2ft
Galvin Mfg Corp..
—3
Gamewell Co (The)
A cf par
*136
STOCK
27
14%
178%
47
preferred.
6
7
34% May 29
26
f 41
Dec
10
7
? x66
Jan
3 /
6
107
Apr 15 X109% Jan 17
54% Feb 25 ' - 70% May 29
34% Feb
28%
Jan
42% Jan
84% May 10
May 29
110% Jan
Deo
15%
20
Mar 14
60
•
Dec
20y8
May 31
108
Jun
Nov
42
,
4% Nov
20 %
11% Jan
May 21
36% Feb
5
19% Jan
9
26
28
Shares
11
23
•
159
,
Sales tor
the Week
I per share
•66%
23%
140
107%
67%
50% Feb
109
92
88
54% Feb
108
Jan
/ 86
/ 63y4 Jan 15
11% May 28
26
July
July
July
:;«? 86
16
58% Apr 26
4
Feb
Dec
106
Jan
?33% Apr
26% Jan
Sep
.May'
Dec
37
68 %
28
.
•
Jan
Jan 17*
/ 23 Va Jan
14% Feb 26
Freeport Sulphur Co
—10
Malting Co Inc.l
4% •: cum
101
Jan
>12%
29
xl04% Apr 17
.—19
STOCKS
Thursday
May 30
67%
*106%
51%
38%
*176
360
6,
28
Sep
'
30
Jan
8
26
No par
Co new
8
23 Vs Jan
3
41% Jan
prior preferred——25//
47%
Sep
Mar
'109% May /l'f'-'112% Feb 13
10
Corp
100%
107%
Jan
6
r21%Marl4
10
100
new
100 %
5% Jan
9
27% May
14% May
Mar
16
111% Mar
3
61% Jan
'
Jan
62
103
110
Apr 18
8% Jan
?
,
20 Ya Mar
24
41% Apr
9
106% Jan 15
25
45% Mar 14
Francisco Sugar CO——No par
Fk'n Simon & Co Inc 7% pfd—100
47
21%
1
46
Froedert- Grain &
20%
27%
14%
/•'
v
•136
20%
26%
14%
51%
•
230
Foster-Wheeler
/'• 6%
Inc
Stores
Deo
Feb
23% Jan
vnr
16%
67%
66%
12%' 13
^*196
198
Corp.
preferrtd
Dec
43*% May 29
111
16% Mar 21
3.0
20%
66
J
-
Steel
27%
81
2
102 J/4 May 28
95
1
23%
25%
*106% 107
-
/
conv
Jan
6
7%
Machinery Corp
20%
23%
20
No
Food
100
180
•-•:•/:- 15%
140
140
Follansbee
1.100
$ per share
65
23%
CLOSED
Co
29 %
May
Fiorsneim Shoe class A———No par \
1.900
24%
65
Stove
21% Aug
92
————No par
60%
.26%
16%
16%
Florence
Oot
30% Feb
//93
—25
100
Florida Power Corp
48%
9
.M.]Vo par
com
No par
(The)
23%
19%
24
J
•
Co
$4 preferred
23%
15%
11%
26
•
Flintkote
60%
20%
19%;
<
,
&
,
Tire & Rubber
4% % preferred
First National Stores
60%
.
/
1 Firestone
Dec
55% Nov
May
preferred—,.,.,. TOO.
...
146
34% Mar
76
2
..
Jan
43% Aug
v
-Federal-Mogul Corp—.5
■ Federal Motor Truck.
No par
Federated Dept Stores
No par
,
103
2
4
.
Ferro Enamel Corp
Fidel Phen Fire Ins N Y
May 2
55% Jan 18
165
3
•
,
conv
Deo
58% May 21
Jan
>
Fairbanks Morse * Co
"T.; tfo par
Fajardo Sug Co of Pr Rico
20
Farnsworth Televis'n & Rad Corp.l
Federal Light & Traction
15
$6 pr<»forrort
; / :
;/. Vn par
4%%
Dec
197/a
Jan
Dec
May
——
Federal Min & Smelt Co
Siy 7%
4% Aug
3%
Dec
24% Dec
158
16
,
Evans Products Co——.—ft,
Eversharp Inc ——1
Ix-Cell-O Corp
3
Exchange Ruffet Corp
..2.50
Fair
2,000
<
par
5% pref 'series A
100
Erie <fe Pitta RR Co.—»———.50
Eureka Williams Corp
5
5%
1,300
par
;
23%
"
.No
No
1.400
30%
.
Bldg
;
Jan
102% Apr
9
104
May 11
105
May 1
3y8 Jan
2
:
No par
office
Jan
Dec
71
109
32
1
common
Food
46%
47
*26%,/27
,
No par
No par
7.200
;
97
..
^Equitable
Erie RR
'/
29% May 28
180% May
21% Apr 25
24
Jan
5
75
Jan
4
104% Apr 24
5
50
Service
Public
14
Dec
13
46% Jan
100
70
*30
4
•,
3,500
•v
45% / 46%
107%
400
96
30%
180%
60%
8,200
60%
18
18%
•99t
102
19%
19%
26%
30%
200
18%
60%
96
•
56
18%
18%
tow AND HIGH SALE PRICES
Tuesday
Wednesday
May 28
May 29
t per share
20%
■■■
45%.
^
9,200
20'A
95 y2
23%
-
46%
113%
101
19%
178%
22%
.
18%
100
30%
29%
46
*113
60
.
27.
•26%
;
59%
44
,
18%
99
.
800
is y«. 18%
94%
.
70%
67
18%
•62
5,100
110
46
46%
X113% 113%
54%
55
46%
qq
x-ii.
2,200
1,300
79%
78
70
113
*53%
60
90
34 y8
•108
900
11,800
2,300
77
34
70
113
18%
18%
'
76
300
■
106% 106%
77%
110«/
70
113%
,
100
61
*106%
v
68%
*113 i
'/
41
.
106%
25%
110%
x50%
50%
x41%; 41%
19%
19%
19%
20
'77%
78%
106% 106%
33%
34
79 %
106%
1,000
2,600
11,600
2,800
*110
50%
41
19%
19
,
100
3,700
10,300
24
.
150
59%
,
Engineers
7
Deo
112
Aug
8% May
/ 42% Jan
2
137
A
preferred
$5% preferred
$6 preferred
8,000
28%
/
,
v
.51%
59
July
3
Oct
Dec
49Va Mar 13
No par
No par
Emerson Electric Mfg Co
Emerson Radio & Phonograph
Endlcott Johnson Corp
4%
17% Jan
148% Jan
——.3
$5 preferred
21,400
21,300
1,500
19%
51%
$6 preferred
110
-
No par
^No par
—
Electric Storage Battery
Ei Paso Natural Gas
540
30%/-30%,
10%
*10%
;
xl8%
53
51%
?
94
30%
-29%,
3%
Xl8%
18%
78% ? 80 ;
•91%
94
19
«■/
6,800
109
78%
*92
78
"92
.
18%
6
18%
•78 -
$7 preferred—
130
108%
•108
3%.
,'3%
,
•108
>■■■
300
j,
105
105
24
.
24
Electric Power & Light
Jun
39 Ye
•
106
May
7% Jan
Elec & Mus Ind Am shares
1,400
40%
105 %
1
52
Dec
66%
109%
Jan
1114 " Feb 25
16% Jan 28
5% Mar 14
(The)
Jan
Sep
4
109% May 24
229
200
July
'
Dec
•
5
11,000
40%
.49
104
,35% Apr
106%
40%
170
.185
>
Mar 14
Z;;. 19% Jan 21
.3,400
103
39%
111
3
43%
42
*105%
27,
Boat
7,800
•100
24
Electric
2,600
17,700
.
25%
106%
Apr
Apr
5
1,600
1021/4
35% Nov
80 y2 Feb
1,900
100%
217/e
Jan
3
58%
106%
Jan
18%
67% Jan
54%
43%
13
5
53%
100
Feb
Auto-Lite
58%
41%
Mar
Oct
May 21
/ 71
Feb
2
40% May 22
108% May 23
33
Dec
192%
Mar
Electric
53
106% 106%
^O-'V 41 x
4»A% preferred——..—.100.
Ekco Products Co
—.—.—.5
.4%% preferred ——..—100
Dec
34%
•
117
3
58
*98
•
9
Feb
20% Aug
Jan
155
Oct
Jan
52%
24%
28
30%
'
113
263
8
3
1
Mar
Dec
5 v
208
26
Jan
12
Oct
113
,;
129
11
57%
25% ' 25%
42%
43%
Feb
58 y2 Apr
Dec
Jun
60% May 24
J
2
A
com
/:
Dec
33%
Jan
1
52%
25%
100
115
125%
Elastic Stop Nut Co
58
;:25 ■«"•'
215
/ 191
par
167%
Apr
8
5,300
3,900
52%
:
30y4Jan
Jan
Jan
111%
-
Oct
Deo
30% May 22
31% May 16
26
28 /, May 31
J
No
Edison Bros Stores Inc
57%
■"
Co
19% Feb
1
21
Jan
3,900
,
157
157
Eastman Kodak
4iya May 10
29%
100%
110%
12 V
116% Feb
4
Dec
Dec
29% Nov
Jan
Mar
27
132
Jan
.1
122%
58% May 28'
219% May 28 1
18% May 28
10
6% cum preferred
Eaton Manufacturing Co
80
175
172
156%
12%
—.,,,....5'
1,300
38%
38%
*108% 108%
51
51%
*109% 111
-
800
.
;:
<
Apr
Jan
65
17
114
lflfl
Eagle-Plcher Co
Eastern Airlines Inc new
eastern Stainless Steel Corp
33% Jan
125% May 22
No par
2,500
v;
65%
32%
5%
28%
259
*203% 105%
78
74
28 y4
258
.
65%
123/4
76
::
11%
72%
170
:
51%
74%
11%
X32%
DAY
108%
51%
*109%
n%
111
•109%
61%
MEMORIAL
,
39%
108%
49
28%
*60
-
66
X38%
39
V 28
-
CLOSED
205
64%
.
39%
EXCHANGE
.
255
205
252 V4
*203% 205
64S 65
3!- 28%
18
22%
188% May 31V
116% Feb
7
116
50
56
Mar
Mar 19
30
Jan
2
181% Feb 26
,
Z
SBIilSSP-l®.
'
STOCK
EXCHANGE
377/e May 31
24 y2 Mar 12
.
par
20
let pfd
17 V* Mar
29% Feb
6
108% Mar 25:
8
< per share
47
f
6
86
Apr 29
143 % Feb 26
108% Feb
x
D W G Cigar Corp
19%
^
100
No
24
3
Jan
// 23% May
23% Mar 14
(EI) & Co
Apr
Highest
I per share
61% May 20
48
113y4Marl2
International
Du P de Nemours
t per share
52
6
So par
Dupian Corp
;
Mar 28
—60c
128
19%
-
y,
preferred
conv
Feb 26
Year 1945
'
25
8
Dresser Industries
200
<
Lowest:
40% Apr
No pdf
No par
; $4 preferred series A
39
52
par
No par
Dow Chemical Co common_.No par
300
13,200
111
*38
No
Douglas Aircraft
./ 3,000 ■
28%
$ per share
'I
No par
//.
Range Since January 1
Lowest
Highest
.
'//
Par \
i
Dixie Cup Co common
,
41%
,
36%
,
■',
/'•'11,300
61
S
41%
v.,:
EXCHANGE
■^■jShares
51%
Ranre for Previous
NEW YORK STOCK
the Week
May 31
Utilities
Corp
Railway Signal
6 %
preferred
Gen Realty & Utilities
General Refractories
No
4
par
26 y4 Mar 13
General Shoe Corp
1
Gen 8teel Cast $6 preferred._No par
112% Mar 23
No
29
Jan
14
23% Mkv 9\
48
May 31
150
Apr 12
11% Feb
8
357/8 May 28
123
3%
21
19
46% May 28
130% Jan
10
Feb
Jan
Jan
•
Jan
99
Mar
46%
140
8%
34
31
133%
Dec
Oct
Dec
Dec
Dec
Deo
Monday, June 3,1946
,THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK RECORD
HIGH SALE PRICES
Tuesday
Wednesday
\V" !■> "•'v. >V' ">
STOCKS
Sales tot
>>>> NEW YORK STOCK
LOW AND
Saturday
May 25
Monday
,
May 27
t per share
$ per share
May 28
9 per share
48 5/a >
49
44
44
J44>> 44V"'-
57%
58%
♦109% 110%
58 5/a
38%
38%
*107%
108%
66 %
695/2
67
52%
585/4
585/4
*57%
6%
142
45%
6%
V 6%
STOCK
EXCHANGE
>139
45
CLOSED
■
715/4
71%
385/2
38%
6.100
400
300
8.400
7
110
>
81%
STOCK
EXCHANGE
72 %
CLOSED
'
DAY
77
39%*
37
12%
■
13%
9%
52
23%
24%
39%
40 >
>
110
*108
62%
62%
64
*98
65
'64
64
99%
99
52
' 53%
.110%
100
52%
53%
'54%
110%:
109%
110
47%
48%
48%
10*4
2554
685/a
76%
775/4
395/4
•161
-
.
39^
50
18'4
18%
18%
18%
13
135/4
13%
13%
13 >/a
,
8%Jan25M
,
63% Oct
3.600
'
''<£■}
\
' '*' V
\\'r
* ~
"
.v
►,
♦
'
J
»
v*
r„H
,
—
21 > 57% Feb 26
,
'
„
,
v"
»
Nov
39
Den
12% Aug
115
•
.
7%
33%
21%
33%
109%
Nov
Deo
Dec
Dec
Nov
V
/-
21 .Feb 4 •
14% Jaa
21% Deo
63% May 31 ,
46, Aug ,
65% Nov
34% Jan 28
"28% Jan
39% Nov
188% Apr 17 f 161% Mat
175 May
79
Feb 5
64
Jan
75
Oct
105
May 20>
52% . Jan
• 86
Deo
54% May 28
22% Jan
*35
Dec
111
Apr 5
104% Jan
108% Mar
52% Apr 4.
28% Jan
55 % Dec
13% Jan 25
5% Mar
12% Dec
108
Jan 25
82
Oct- ^ 100 u, Deo
30% Jan 28 ,
14% Mar
30% Jun
Jan 9ft
58
Jan
82 . Jtan
78 > May 31
.
49% Jan
61% Dec
33%
6054
14%
14'4
*102%
1035/2
187a
18%
185/2
>■'13%
13%
167% 168
48%
495/4
1685/4
49
40
Nov
74% Oct
105% Mar
165
59%
V
49 »4
108
108%
108%
85
83 %
*186 »/4
187
*1865/4
347/s
36
65
83 5/a
187
,
35
355A
66 y4
66 >/2
663/4
*137% 138 >
137 »A
66 y4
v
137'A
*137y4
138
♦
103
103
103
103%
1033/a
*14^5/2 143
143
143
1411/2
142 5/2
102 5/2
373/a
37
37
425/4
42%
423/4
423/4
315/a
33 ; I
32%
32%
74%
74%
X36%
..
38
38
♦32%
33 y4
47%
48%
24 »/a
2454
59%
,
593/4
325/4
32%
110
110
3.600
.
400
'3.300
;
160
-
92 54
9454
'2.400
27%
281/4
.7.400
50
50%
»8%
3.500
9
-
19%'
19 %T
42%
43%
28%
•
LOW AND
Saturday
Monday
May 25
May 27
♦985/2
.
* per
t
share
,
346,300
9Y*
25.600
>
-
SALE FRICE3
; Wednesday.
May 29
$ per share
•
<
Thursday
May 39
$ per share
Sales for
Friday
^
May 31
9 per share
35%
12j/4
12%
33%
355/4
185/4
18%
52 5/a
52%
345/a
—
42
>4
20%
,iiy«
.
57%
•111
34%
18
18 J/4
•52%
10754
142 »/a
>
*178.
43
>
43
21%:
;
21 y*
'•>• 44%
11
11
57%
111%
58
-STOCK
59
105/4
10%
10
17%
17%
239% 240
240
995/4
100%
1965/2
1975/2
145/4 ' 145/2
38 »/4
975/2
395/2
97%
8%
8%
40 y«
138
>/a
495/4
49%
123>4
123 5/a
25%
255/a
120'4
.
.
V100;
EXCHANGE
CLOSED
MEMORIAL
10 V*
DAY
18
243
243
> 243
»
248
248
10O%
-99%
100»4
100%
197 y4
197 y4
1977»
19734 198
'>14%
> 39'/a
3934
14%
1474
39
> 98
98
196'4
14
'
>-.878
>
41
■
>111% 1113/4
175/a
120
217a
;ii%
CLOSED
138
142%
v
EXCHANGE
>/-
53.
*io7ya
142
'♦178
12%
12V4
>
*107>4 107%
1142
■
HIGH
.Tuesday ,
54.500
1»4
,
9954
35
:
..
May 28
9 per share
8 per share
;
40
138'4
98
978
41%
X407a
'41%
138
139
5034
>124% 125
120
397a
>98
9%
> 497a
255/4
>:
9%
138'4
25*4
120.
c
497s
497a
123«4 123»4
24
119
>4
24'4
120
145/4
1015/2
>1%
39 '/a
39%
■^#8 y4
> 985/4
„
;.-^S%
9%
m%>4i%
1385/2
l38l/2
49 y8
123
4934
,12374
24 »4
253/o
120
*119
67 y*
675/4
49'4
49%
*225
229
*150
196 54
26
.
267a
26
26%
415/4
413/4
30 >4
47
*158
footnotes
see
page
3016.
8.800
900
•3.500
30
%
8%
For
Mar 2S
6
116%
13%
*8354
*186%, 187
3454
345/a
STOCK
--
104% Dec
39
Oct
57
May
,108
•161
60%
14%
108
108
Deo
Dec
Dec
255/a
33
165,
18
.
46
111%
26Va
105%
-
50
116%
•
34%
Mar
Deo
111
39%
-
48%
*245/2
;
103 y2
66y4
38% Dec
27>4 Aug
26 . Jan
118
Jan 9
107
Jun
42% Apf 18
vi3y8Mar
108 -May 17 i> 90
Mar
26 '% 73% May 10 >" — V
22 '106
Apr 13 > 96
Sep
3
55% May 31
25% Jan
4
59
May 10
52% Jan
Great Nor iron Ore Prop-—No paV
.
17 7 Jan 3
Great Northern Ry 6% pfd__No par
54% Feb 26
Great Western Sugar——.No par
30 , Feb 27
Preferred;———
—
..10ff
172 .Jan 14
Green Bay & West RB-—,.100. .
63
May 22
Green .(H L) Co Inc—w—1 >
77 /Feb 23
Greyhound Corp (The)
No par
30% Feb 26
4%% preferred.
100
108% Jan 14
Orumman Aircraft Corp
1
,
42 - Feb 25
Guantanamo Sugar common
—1
10% Feb 25
$5 conv preferred
.-No par
91% Feb 26
Gun Mobile & Ohio RR
No pat
22% Apr 26
an prAfArrAd
Wn pn*
as; > Apr an
f*>r 4.500;t Gulf Oil Corp
-
- -
40
14%
85
24%
>990
•1025/a
108
70
97
68
76%>-77%
14%
108
300
'
•955/2
24%
103 »4
*83»/2
110'4
95%
25%
•161
> 59%
60
168
39.600
•
*109
1,800
*102%
167% 168
49
49%
40
1,-300
■
12.500
32%
165
-
99%
52%
77130
105/2
103 »/2
14% -14%;
*102!4
,
97'
51%
25'
25%
115% 116
*108 >108%
34%
'
3,300
'
105/2
*38%
108»/2
58%
14%
65%
*64
10%
25
,
1155/4
*161
165
63%
31%
>175 > 178%
.
<-•
9.800
10%
48
33%
$*>
4.600
4914
V 67%
•
395/4
115 y4
34
56 »4V 58
•
63
>C, "
-
-
48'/a
v
24%
1085/2
108%
,v
50
24% !
>
24
32%
44% Nov
25% Mar
105% Nov >
>
7% Oct
49%
>
:76%
76%
4454
4454
24%
114% 115
43%
*108
—5
No par
No par
50
4
59% May 17
26
26
4
2
Feb
165%i Jan
95%
V
«"
25%
67%> 68 v
40 »4
*39
*4.50
111
22
3% Jan
48%
49%
25
V
*109
*
10% '..11;;
95J/2
96J/2
10 5/a
96%
255/2
.68%
.
99
:> 65'/a
*95
,
31%
195/2
315/2
63%
195/4
-t
-
178%
176
98%
*64
50 »/2
63
31%
*175 :
176
178
*1095/2
*
19%; 19%
'
•
63%
31%
31
31%
31
:
S
49% May 21
26 > 46% Apr 17
Gold <te Stock Telegraph Co—
100
.136% May 14
151% Jan 8
147% July
Goodafl-Sanford Inc —————10 - 35 % Jan 3. - - 47% May 14 7
25% Feb
8,600
Goodrich Co (B F) —
—No par
68
Feb 26
88 % Apr S
53 July
100
85 preferred
.—No par
102% Jan 4
107
Mar 6
102
Apr
8.300
Goodyear Tire & Rubb
No par
58% Jan 3
77 "Apr 10
48 July
'400
85 convertible preferred
No pan ' 107 :Mar 22 ill3%Jan.>3 >107% May
1,400
nnfhftm TTrtsipry' < Nn fa*
34'A Jan 3
43
Feb 18
12% Mar
110.200 - Graham-Paige Motors
—1
<
10% Jan 3
16
Jan 30 ;
5% Jan
2.300
Granby Consol M S & P———5 <
6% Jan 4
12 V* Jan 19 .
4% Jan
1,400
Grand Union Co——.—No par. , . 30% May 5
54% May 10 ; > 18% Jan
5,700
Granite City Steel
No par >; 19% Jan 3
• 27 !A Feb
8
14% Jan
3.300 7 Grant (W T) Co_
A
29% Feb 26
; 40
May 11 '
25% Sep
300
3%% preferred
100
108
Apr 8
II?
Feb 18
105
Sep
yf
19
»•
$ per share
$ per share
>
10%
51%
'
,
109%
37
>110
*108
.19%
19%
62
*No par
$ per share
.3,500
72%
71
•
h
104'/a
*103%
.
24% "24%. ^,
38% 39%
:
110
-
47 '
7&%
109%
52
52 y8
142
-46%
12%
12% >
*9% '10
52%
9% 1 10%
51%
51%
39
*176
Gimbel
7>
5.600
6%
*139
v.
109% 110%
37%
38%
*37%'' 38
11%
12%
110
.
36% Mar
> 36% Feb
108
Jan
:
37% Feb
109%Apr
22VWan
> 103* Jan
39'4 Feb
103
Apr
36% Jan
54
Mar
'terewlng-CO.—*———.-I
___
5554
57% >57%
104% >
71%
4
2374 V 24%
19
iGoebel
•
545/4
6%
Glidden
4%%
preferred
Brothers new
preferred
Co (The)
conv preferred-.
conv
5,400
106
*105
46
*104
:
73
110
9%
,
'___
6%
45%
79%
<
81%
104
104
11%
9%
50%
1105/2
142
*139
45%'
78%,
'"
38%
115/4
.
57%
*10754 108
63%
65%
• ~
Range for Previous
Year 1945
v
•
72
110%
37%
56%
*109%
■
General Telephone Corp—
20
Gen Time Instrument Corp—No par
4%
preferred———*,.,...100
General The <te Rubber Co———5
4%% preferred
——.—100
Gillette Safety Razor
No par
1.400
7
109'/a
100
3,400
.
'Range Since January I
9 per share'
Par
.•.'■■
1.100
43%- 435/«
58
6%
6%
142
45
••
♦110
*57%
Shares
1
47
47
■//•>>
^e:Week;>;: >;>>>>>>:>pi;CH^GI5.:>>>>;>>
pier share
*108
.
58
*
*138
78%
104%
76'/2
*104
.
106
52% >53%
52
,
68%
*105%
106
*105
■
,
#
"
v :
57
58
♦109% 110
;> 38% " 38% >>
> 107%f 107% v
64
66%
*105
106
53%
54%
38%
1075/4
38
1075/4
::m> May 31
9 per share
■
47%
47%
' '43% ; 44%
>108
109%
'
1
58
♦109% 110%
.
108
v
9 per share
'
108
May 39"
>
»
,
47% ' 48%
.
1095/2
♦108
'
Friday
Thursday
May 89
305/a
4854
162
theWeek
Shares
Range for
STOCKS
NEW YORK
STOCK
EXCHANGE
f
Range Since January 1
Lowest
Highest
9 per share
Previous
>•• -/Year ,1945
,,
9 per share
Lowest^
$ per share
■„
■
Highest
$ per share
:.i ft'ftft ftftft/
ftv/'-ft.; :,.i. /.ft ft: /;./'/': V/ %
IVolume 163
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4495
NEW YORK STOCK RECORD
LOW
AND
HIGH
May 28
I per share
I per share
Friday
May 80
May 31
$ pet shaft
$ per share
19
,
19
19%
56%
110 *
155 %
197a
155%
109
"
156
156
159
143%
143%
:
in
166
160
*144% 150
'
'
.141
141
•139%
ft
ft, 180
*146
58%
59%
59%
*109 ft" 110
4
47%
1417#
59
49%
59%
109
109
♦146
-
*109
*
ft 180
107%
107%
49%' 51%
107% 107%
32%
•32%
X32%
35%
35%
ST6CK
EXCHANGE
'■;:>> CLOSED
•ft
•i
y:.:'i;*1
v'f-•
32%
35%
.••,.;.-ft35%:
36%-
657#
:.. ::*65
653/4
3574
.
ft
48
4?
■47
48 '
!•
'
•
48
>
."
48"" ■.'
22%
23; •;':-
23
24
x237a
32
323/4
323/4
243/4
25
26
593/a
59
593/#
%
587#
54. ft
-
■
55
69
^
:■-*
ft-
647a
rV46 .;••
23%
23%
693/a
V
*55
,56
9672
ft
•
433/4
10974 1097#
ft 437#
98%
44%
983%
98%
55 ;
70
28
99;'
4474
44%
1097#
*10974
1093/4
443/4
4574
*22 3/4
24
ft
•447#
ft: 22%
»60
62
ft
2374
237#
62%
63%
64 ft.
V
8%
8%
«ft 'J
.
8%
*.
,
66%,
56
64®/^
64
>
.
66'
-
56%
56
97%
*92
75%
75%
75
(•':
S5
.ft,
13%
55%
i.
-
56%
Bi
83/4
56
76%
5
15%
56%
97 ft
>
#77%
•
14%
fc
*52
14%
14%
14%
65%
64
65
32
38
31%
437#
647a
*3174
it'itff!"iWl' ail"'
•
-
38%
,
14%
.
63%
6974
69%
70
693/4
137a
14 y»
13% ft 14%'"ftftft''.'
•>.'35 y#
14
35%
35%
35%
*34
101%
10174
-101%
101%'
102
101%
102%
101%
74%
75
613/4
623/4
7474
/
!
♦115
?/Sft
119
3374
92
92
33
34
28%
287#
♦190 ft
*29%
118
-f
■
64
<
118%-
'
'
;
:.- ft
92%
333/4
34%.
190 ft-
v
39%"
!
■ft:
297a
*118'
39
39%
*190
67%
■
191
i
307r
'
667#
383/4r
•
:
1053/4
10574
26% ft
105%
253/a
26'A
377#
1
*10574 105% W
■
25 ft
'
'
29
2S
'
39% Jan {3
117a May 6
25
50
-
493/4
hone
7% preferred-,
Louisville Gas ft EI A
4.300
Louisville ft Nashville
3.300
LewenstCin
120
;v
:38
1057a
253/4
4%%f
180 '
44
May 13
1
74% Jan
\
157# Apr
3
31
Mar 13
;
88
Mar.13
.
102
-1947s Jan
47:
Jan
2197a Mar 29
58 1 Jam
f
27%
g 327a
2
Feb 26
.
25;
,,
119
Apr
LOW AND HIGH SALE PRICES
i
Saturday
Monday
Tuesday
May 27
v
May 28
$ per share
41
T
159%
72%
63
i
*109
59
29 3/a
*500
15
73 ft
>*■
-ft-
c
:
;
29%
i"
93/4
50 ft
23
ft
313/4 Jan
18
28-y-.Jaw.,Y-617a Mar 13
727, Feb ■:8
17
9%
•••67#
STOCK .M
167a
EXCHANGE
527a
CLOSED
27
67%
46%
36
•201
65
*109
♦108
■
673/4
467a
27%
68
373/4
202
*201
*201
65%
110
•
109
:
109
15
15%
15%
52 y4
52%
108%
15
15%
52%
52%
•111
*111
115
115
•
*111
u
67
68
423/4
41
427#
120
*116
120
,44%
44%.
*45;
457a
.457#
63%
63
63
63
53 ft'
53%
53%
547a
543/4
30%
27%
*103
33%
33%
134'
303/«'
273/4
30%
*1057#
*106
*106,
10674
58%
58%
313/4
32
58
m
31%
*94
97%
48
48%
6974
49'/a
1067a
*105y8
68
106%
60
111
footnotes
see
ft *95
69%
60
60
111'
page
112
3016.
ftft
687#
683/4
417# v42-',.;.'.
118
ft ftft
118
'M\:%
'
•
•
45%
108
*103
337a
106 ft;
10674
31
287a
:1
•
*131
.
29
106
;.ft /cv
106
58
32
32 3/a
*95
70%
.
607a
71
-
ft;
605/a
*110% 111
-/ft?"ft"
;
•
5%
■
McQuaV-Norris
2,000*
"
;•« ft/ft
,
Mead
$5
50.
106
317# .ft 32
9774
507a
900
.
677#
<yyftftli,:
vftl'v
6874
.
110% -111
;
'
-
•
2,700
200
1.400
:•
200
Co
>'11- *t/
ser
/
Mengel Co
conv
B w w
(The)
1st preferred
fi Mereh ft
Min Trans Co
ft Merck -ft Co Inc
ft
$3.50
cum
pfd
•
; Mests
Machine
*
>
t
Co.
.
^
71
43.122
4674
9
69
2
x56
—No par ■:/10472 May 24 \ 1087a
1 ;// 23s/a Jan
3
357a
:!00 •%«>. 116» Jan 171397#
10 :U 24
Feb 25
/: 34
0
No par
No par .;
—1
—1
50
:
No par *..6
Metropolitan Edison 3.90% pfd—100
Mar
425
Jun
Apr
14
May 31
.24
Jan
:
Jan
28
Jan
<
Jam
8% Jan
7% Mar
157# Apr
.
187# Jan
109
^Sep
Jan
97a Mar
Mar
40
•
278/a
May 28
,,c
f
27% Jan
193/4
Jan 10
May 31
Mar 21
Apr
4
Apr 5 May 31»
13
31
347a Apr 24
103
Apr 23
26
2
May 23
5272 Apr
2
77
May 15
,10672 May 27
1137# Apr 18
Jan
61
May 31
46 3/4
Dec
243/4
ft 63%
Jun
48
Nov
3372
Dec
195
53 Va
Deo
May/,;
Dec.;
109% Nov,
167a
Dec.-
55
Oct
114
Sep
>/•
I
55 % Dec ;
32% Dec
43
Not
1974
Jan
36
Dec
Jan
70%
Dec
:
24
Apr
104
Sep
V
ft 417a Deo
10974 Nov;
Jan
27
Dec
109 3/4 s Jan
119
Dec
137a
,;:1778
Jan
123/a Mar
30 y8
Deo
25
Dec
1093A
Oct'.
98 3/4
94
Jari-
•108 3/4
Oct
35
■X
Jan
Jan
473A
Deo
1474 Mar
547a
Jan
337a Mar
1077# May 21
517a Feb 26 *
10874 MaylO-
S67
11% Deo183/4 Jan
Dec
111
Oct
427a
52
587a May 31
14
15 3/» Nov
3074 Jan
1087a May 9
108y2 Mar 29
25
Jan
Oct
525
ft 32% Dec
397# Dec
77s Dec
Jan "
*
Apr 23
May 27
Apr/ 9,-:
May29
305/s Apr 22
103% Mar
103
Jan
; 43
Feb
22% Mar
•
70
Feb
110y2 NOV
34
Nov
257a Dec
7% May
,14
197a Feb 26
38
.No par
1
16%
17
3
8
48 Va Apr 22
60
Apr
4174 Jan
8
18
No par
preferred series A
5%
*105 Va 10672
ft ft 607a 'ft61 ft: ft;
Mfg.
Melville' Shoe Corp
2.100
i
Co
Corp:
$5.50 pfd
110
587a
Stores
preferred
9.200.
ft
-
3.600
*49 7a
106% 106%
.
180
preferred
McLellan
2.900
-
*95
ft
507#
6874
106
,58
0774
50%
3374
1347a
106 ft* 106
106
58
ft
;
34
337a
ftft
277a ,2874
1057a 1057#
>
$4
106
•
33
*32%
1
50
112
*103
,
22
45%-Feb! .'8 -0 ,2178
48%
38%
30372
70
31V* Mar 22
——
*
Dec
;
Jan
Feb
.
1
Mclntyre Porcupine Mines
McKesson ft Robblns Ino
7,600
,
No par
McGraw-H»ll Pub Co
Dec
52
3174 Jan
1065/a
297# Feb 6
75
Apr 18
50. Jan 4
28
Jaxi 2
:/1097a Jan 14
;
3374 Mar 1
i McGraw Elec Co
;
2.000
56
X543/4
ftft
1.900
2.200
63 72
63%
ft.
337a ft
1347a
95%
607a
/ ft;.
107
*131
•583/4
32
557a
•
ftft: 10>
-
457a
•
63%
.33
135 -ft
■31%
457#
-#:'f t v
j
May
72
May 28
May
11% Feb 4
20% Jam 23
577a Apr 24
1127#Mar 25
..
195*
IOO
ifcCal) Corp
1
——•
McCrory Stores Corp
——,**-1
3%^ conv. preferred—-—-i.l00
1.700:
2.200
ftft
4674<
:;46..ft.'.
'
-28%
♦105% 106
fft
*117% 120 ft,
44%
46 %
433/4
463/4
109
.•
KV ftftft*.
63%
For
115
■
2.300
8
Feb 28
34
12
Apr
Dec
155
227# Aug
2872 Feb 26 *
May 29
176% *Jan
Jan 8
May20
34 % July
507a. Feb 26
May 10
1047a Sep
108V2May29
11272 May 13
874- Jan
13y# Feb 26
16 ; Jan. 15
40% Jan
48
Feb 26
55: May31. ;:
U0
Aug
112
Jan 7 J 118
Mar 6
No par
-—»—JJ
$3.75 preferred
NO par
Maytag
no par
j $3 oreferred——-——-Not pat
/ $6 1st cum preferred—NO par
y
66%
133
5.600
v
Alkali
Wks
'
Wfay Department Stores
20/
55
.
.—I
preferred
.0 4672
8
'.37//4 Feb 20
: 20
Jan ; 2
52% Feb 26
1-
Corp——————-No pat
Mathieson
1%
-
106
Master Elec Co-
18
1117a
2
v 63
25 0) 30%
3
525
26
163/4
1^
2674
97a Mar 13
•'14% May 18
39
Feb 25
109y2 Jan 4 '
No pur
5.400'
157a
5
100
—.
prior pfd.
6,900-
62%
•111
42
33
900
373/4.;
153/#
;
Corp
ft Co
preferred
Masonite
v
202
55
"
115
66
133
46%;
Field
5% N?ay
Apr
39
Jan
47% Jan
14?
30
7674
May 28
65
t
3674 Feb 26
I
Martin-Parry Corp———No par
2.000
*10872 109
15%
54
663/4
*102
69
37%
1087a
43
45
4.900
603/4
6572
433/4
4%%
277a
*201
64
Midland
Marshall
—.—
f Martin (Glenn L) Co-———
4,500-
46
42 3/4
•116
5.600
/
41%
-69-
387a
53
'
2 7 3/4
202
62%
Marine
—-
Market St Ry 6%
2.030
Jan
Jan
Feb
May
Feb
19% Mar
—5
Maraeaibo OU Exploration
11,200^
y
.1087a
2974
;x223/4
525
123/8
No par
-
Manhattan Shirt
4174
48
37%
6574
643/4
16
,
ft DAY ft'■■
69
48
'363/4
367a
202
487a
>97#'
.51% 52%;
*10674 111%.
MEMORIAL-
273/4
68%
47%
93%
Mancjel Bros
600
—
2.100
;
6%'
16
44 V4 Feb 20
4,500
46%
67a
*1067, 111%
41%; 42
41%;';
28
27%
673/4
52'/a
1117a
40%
27%
ft
3.100
15%
*23 7a 124
f
46
6574 Feb 26
No per
100
No par
—-19
—50
1
Jan
< P®* share
28% Jan
' 42% May 31
1597# May 27
38« Feb 27 '
15478 Jan
5
share
I per
%
Highest
Lowest
$ per share
No par
Magma Copper
Mahoning Coal RR Co
Manati Sugar Co
2.900;
i;
15 %
16%
97a
167a
Range for Previous
Year 1945^; '0
00.
Highest
Mack Trucks Inc
pfd series A
Madison Square Garden
500
3074?
520
-
tte-
Dee
'
t per share
100
474%
5874
29%'
.•..
••
preferred
Deo?
26
13% Aug
30% Jan 14
Lowest
Macy (RH) Co Inc
,
111
-
587«
*500
67#
53 / «
6%
5.700
46 7»
16%
MacAndrews ft
,
.
2.400
;
30.
67a
527a
407#
t
i:-
58 %
520
453/4
11V*
1117a
75%
64%
*109
*2378
53%
10
'
X74%
.
1107a
15%
900
42%
160
/;■ 6272
-
6y#
167a
40
427a?
68
\T
•
I053/4 May 27;
Range Sine* January 1
>:paf
Shires
share
*15872
65
29%
24
52%
*108
'
-
457#
*
6
S per
$ petshari'
327a Dec
x32% Not
196
Dec
31
NOT
Jan
23% Jan
52
Mar
166
4374 May -1
323^ Jan
42% Deo
37 Ye Deo
667a Oct
Jan
15% Jan
187a Jan
19572 Jan 30
!.■■;•.
EXCHANGE
Jan
50
,3474 May 28
.
v
•-•"
NEW YORK STOCK
the Week
May 31
157#
247#
CLOSED
>
'76
5874
*500
15%
97a
'•
*109
30%
443/4
ft ft;, ft
97a
75%
42
Sales fox
Friday
160
64
520
1574
2374
f:
747#
EXCHANGE
-
*158%
65'ft
.
297a
*500
157a
7a
42
160
58
ft
'
520
6
42
63%
TBtfftday*
May 3*
t per share
*109 ft 110%
>•
i
59
1
72%
64
45
6 <
STOCK
41
*1587#
112 ft
23
;
"
'
41
159%
44
-
I per share
ft*. $ per sharj
19%
36% Dec
Nov
-49
25 y# Aug
May 31
STOCKS
Wednesday
May 29
843A Dec
66
Dec
Jan
Jan
19%
14
Feb 25,;
27 !i
29 7»
Apr 11
94
/
41-;
u
/'"ft May 25
Dec
I
Mar
417# Jan
10
;
L / 3374 Apr. 29
1047a May 9
-106
ju.10
17% Jan 3
50
Steel Co
56
;
.
4774 Jan
29
gi 457, Jan
-
26 % Feb: 26
Feb
Deo;
X May 21*
4374 Jan
64v.- Jan ,-3
186
198* ;
Feb 13
37
-
Apr 20
i 115% Apr? 24
:
313/e May 6
337# Jah 3
•t
1013/4 Oct
Jan
32
66
i
t
4
Jan
65% Apr 11
>88
Jan ;9
:
5
Oct
106-
Jan
181
4'
>
Not
137* Dec
33% Dec
68
78
24
3
687# Mab 13
i;
35 y# Deo
78
May 23
103% Jan
86% Mar 15
543/4 Dec
277# Nov
517# Jan
7% Jan
Den
33
15
31% Jan 21
Dec
60
17V# Jan
Va May 14
28
•
;
i
-No- par
pfd series A
cum
Lukens
4.600
ammmkm
ft Sons Inc
(M)
9>
26
■1
No pa#
10
100
Long Bell Lumber A_
(P) Co
Lorillard
Jnn
Dec
57»
207# Jan
No-park
Star Cement Corp
1.100 <
^
i'33
3
11% Jan;
.
Dec
17%
367/<f Jan
2674 Jan;
36 V* Feb
No par
Oct'
Dec
44
357# Jan
4
Apr
/ 62V4Mar:15
.-.i
'
Dec
72
2y# Mar
387# May 16
1574 Apr 15
6574 May 27
1-
.M106
—
Inc
637a
17%
6% Jan
64
127a May
No pat
7y4 Dec
297# Jan
15
Oct
487# Dec
Jan
,
Oct
397a Dec
Jan
6 '
i
—100
50 y#
Oct
12
49% Feb ;20 '
.-
No. pa*
54%
47
28
57a Jan
173/4
X497» Nov
247# Sep
553/4 May 23
1774 Jan 28
,
Mar
353/4 Nov
112
Jan
3
Jan
/ 3472 May.:
.
3%%' Preferred
1774 Jan
4yp Mar .15
V
■
.
Lockheed Aircraft Corp—
2.400
663/4
257,
■
Portland Cement.
Valley RR_
Loews
2.600
•105%
...
/
♦
2.700
-3372
377,
v
Jio par
300
94 >•./,
66
Mar 13
-No par.
17.200
19172
/191
30% f 30%
•>•"
14'
Liquid Carbonic Corp.
'20.100
29
.-.
30
/ 6674
Coal ft Navigation Co.-mIO
4074 Dec
31% Jan
;
5
:
Lion Oil Refining Co
353/4
33
•
'
:
'■
120
.^.92
29y-•-•-
287a
30 •-;•••'.-
657a
'
3374 ,>'34>-.^;-:r''
29 ;■•■'/■■•■• -ft'
900
4
.
19
96% Dec
474 Apt
9% Jan 24
May 29
62
Apr 22
10274 Apr 22
82
Apr
9
68
7
67
87* Apr
37
Dec
31
51
35
357* July
627a May 17
657a May 22
2
1
617a Jan
7.700
„
Jan
,37
4.500
40'
>:3672 .3874
93
bk,
'
,
.6% Jan
/ 4374 Jan
3
Apr 12
26
Jan4 3:
44% Jan
3
Feb 26
Lima Locomotive Wks
LmK Belt Co
1.300 1
353/4
343/4
93
190
64
39
387#
ft'
v;
3572
•
34 ft
91..:
''
7
44
Lily Tulffr Cup Corpii.—JJbNa tfhp?.
200 *
76%
76
14%'Mar
1
457a May
-
65;
*0 Preferred
90
/
61%;/
7
=—&
Seriesb.
2.700
6
33 '/a Jan
>
May
45% May 31
110% Jan
8
107% Feb
^
'
—■
64
37%
29
191%H
-
y
1003/4
203% 203% '
36%*yft'v
/'■ft;
=
"
34
-'ft
34y8 Feb 26
..
102
'40%
/■•
39
257a
64
397#
297a
657a
10574
35% ft
•34'3/4.-.ft •ft/':
14
*60
76%
39
110
"
39
6574
-
7674
637a
*116
39%
71
993/4
62
36 /ftft •ft-
:--•'••••'337#
34%
387a
!
39%
3674
' .39 ' ?
433/4 y
,
;
.34
2037a
63%
3574
37
327a'
*101
*60
'"
-•
35
201
y
767#
;
102% 7*7-',-V
35%
62%
-
'
70V2
14%
63%
137a
'
43% ft 43%
201
-
43
102
102
.
383/4
70%
44; i
♦200
62
'
99-
35% Dec
Jan
Jan
Jan
22% Mar
'
38% Jan
8% Jan
x
72% May
28
Aug
107
Aug
26
Mar
May 27
^ Apr 18
2872 May 29
-
38
351/4
•
Dec
Dec
67
18 V*
.
70
26
31'% Dec
22 34
'
9
55
15% Feb 26
i
Jan
60% Apr 30
58 Va Mar 13
86% Feb
Valley Coal
No par
Non-curh preferred • .—,——50 ;
; $3 non-cum 1st pfd
«_No^af;
7.600
50c non-cum 2nd pfd
No par
4.900 ;
Lehman Corp (The)
—*.-1':
5.000 •
Lehn ft Fink Prod Corp
J,
5900 1
Lerner Stores Corp (new)
Nonpar
2,800
Llbbey Owens Ford Glass
No paf
3.900
Llbby McNeill ft Llbby—
-A
15.200
Life Savers Corp new..
j—5
700
Liggett ft Myers Tobacco
400 •'
——26
19,800
133/4
3P/4 ftft;
X31%
57#
31
13%
62%
8.400
30
Mar
124
4
1
347a Jan 29
3u
3,
32% Jan
.
t
-
Preferred ———50
Lehigh
Lehigh
Lehigh
Lehigh
-2.100
63
647#
43%
201
4% %
14%
373/a
€9%
62%
Lee Rubber ft Tire
5574
>
kA
Co
4
(The) m————Nn f>dr;
Bryant——.
*JVo par •
Lane
15%
;
par
Gas. Light
1.200
<
Jan
„No paf * rft
Tne
1.300
10.100
t
*52
~
•
Laclede
Mar -2
9
26 y# Feb
»
May ;6
48-
f Lambert Co
927a
78
\i 5
" ?
31%
43%
201
-1.300
14
0 74
14%
'
49.100
55
*52
38%'
87a
56 3/8
777a
14
5
62
••377a
V 3.400
673/4
'
*91
15
14
5%
300
-
U.000
6174
62 3/i
*55/'
56
14%
23
fin
No
—
May
507a May
.
28 '
22
4%% preferred^.———.100
Kresge (S S) Co—
10
Kresge Dept Stores—
Kress (S H) ft Co—.——No par
Kroger Co (The).........—No pat '
190
2.400
8s/a
.
Koppers
5.200
443/4
62 3/4
y
15%
55%
.45%
673/4
*92 a
77
; 5
*52ftft' 62 %ri
377a
373/4
260
»
1097,
1
617*
'
-
5.600
66 7a
Dec
May
31% Dec
J»n
Jan
Jan
„34
Jan
IS3/, Jan
13
377# May 31
-
217* Feb 26
<
■
—No pat-
Kimberly-Clark Corp.:
Kinney (G R) Co
$5 prior* preferred.
'.,1.800
99
*21
66%
13%
5 '■
233/4
6174
8%
54 . Apr 15
' .c 35 '• Feb 27
.
Keystone Steel ft Wire COm.No par
400
4
287a;
447#
623/4
543/4
14%
5'•;<?
•>ft
97%
b 147s
ft
Kennecott Copper.;
13.500
'
2474 Mar 13
-
.
l-i
Clas# B
,.3.000
"70
44%
109
45
617»
8%
667a
653/4
*92%
ft
-
30 V«
,20
117
3
122% Jan
:
;
Jan
19%
365/aMay 28
.
>
105
Mar
79
•
Dec
Dec
463/4 Nov
Jan
27%
2
'Ut^May 21
"
-109%
613/4
55
537# Feb
233/4 Feb 26.
140
,90
May 22
597#
-587a
287#
44%
'
267a
56
vft28ft-
44%
''
■
333/a
697a
2874
9772
98 ft /-' ft?
-
337*
26
597a
69%
43%
273/4-
X587#
•/•;ft*54%:
69
277a
2674
'■
-/ft
2674 ftft':'-
109
Feb
Na par
Kansas Olty Southeroui
No prff
12,900
4 % non-cum preferred-—
109
.800
110
400 .K Kaufman- Dept Stores
Kayser (Julius) & Co new—
±_5
'3.200
Kelsey Hayes Wh'l conv- cl A—1
2.000
46
33
247i
DAY
15
25
1157a Feb
Apr 22
'
ft,ft;
■
24
317#
•'
"
ft
•|i-ft'
"
647a
15
150
34
Kalamazoo Store ft Furn.
116
Jan
118% Aug
1157a Feb
108
4
Jan
Sep
Jan
ioi
31
8
Kan City P ft L pf ser B
K 36%>'37%
MEMORIAL
65
1003/4 Jan
3
9
May 31
63
.* 40 t Mar 13
~
'
j65t
5
May 28
10974 Apr 30
140
«Mar 20
100.'
100
Joy Mfg. Co—
^
900
119
•
Mar
22% Deo
47
Nov
114% May
145
Nov
1377a Dec
61
Nov
19% Nor
343/4 Jan
109% Aug
17
597a May 29
243/4 Mar 14
3574" 30 V
♦118
'
/: 233/4
'V
s
•*'
ft"ft STOCK:
EXCHANGE
ftftCLOSED
12%
53
Highest
I V& share
I per share
,-Mi,
300
2.600
»
"
>
.rift."'/"'
;
r&*
'^r - "V'
*.
247a Jan
1133/4 Apr
167 72 Apr
109:
Chicago RR stamped
Jones ft Laughlin Steel
No par
5% pref series A
100
'
43.500
*
s
Joliet ft
'
"
-
^
.100
Johnson—
ft
3
108% Apr 15
138
Feb 26
—No par
V/ 49Sr 2nd preferred ser A
10
:«s
-
4
■
100
preferred
Johnson
1.000
>
,->f
•
■'/>
3%7<r
tat
1948
Lowest
V,
.J per share
46 7« Jan
:
.No
Johns Manvllle Corp_
500
110
*1067#.i07/ft
327#
32%
ittiiiirwti-ii
•
%
.
'
119
■
5
ft
*146
180 X49%; 50%
3674
35%
•'*118 "
47»%> preferred.
63
*109
33
3174
'ft'.V'ft
62
"
•
367#.
119'•.ft1'.
357#
ft•' 65
'
■'
*
V
180
•
50%ft5l%;
*107% 107%
32%
353/#
*118
^ 119'ft.ftft
* .,*118
60
110
»
*146
Jewel' Tea Co Inc.
■:
tear
ftft;ftft Highest
17% May
Htobe (PL) Co-
1,400
190
\ 1,900
59%
in
Lowest
ft
J per share
"7.400
20%
59%
Prerloua
Range for
ft Range Since January I
STOCK
PORK
EXCHANGE
ft
Shares
.
19%
110%
158
:•
$ per share
16%
59
109 *
NEW
for
the Week
59%
19y4
59
109 ft
58%.
56%
108%
Mi^STOCttl
Thursday
f per share
Tuesday
May 27
.
Sales
Wednesday
ft.
May 29
Monday
Saturday
May 25
SALE PRICES
297a Nov
87 y#
Jan
56
106% May
111
37
Not
45 y2 May
Dec
Jun-
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, June 3, 1946
NEW YORK STOCK RECORD
LOW
Saturday
May 25
Monday
May 27
9 per share
I per short
AND
HIGH
SALE
'
PRICES
Wednesday
May 28
Thursday
--•/May 30
;//:.May8i/;/
9 pershare
$ per share
tper share
9 per share
1
17%
17%
17%
17%
17%
18
43%'
44
43%
44
43%
56%
57%
58
*164
♦165
167
72%
20%
13%
49%
19%
18%
125
41%
*124
43%
14%
13%
14%
EXCHANGE
46%
47%
47
47%
CLOSED
66%
67
67%'
68
' 47%
46%
48
;/:'//r> 44% , 44%
*&£ *167 , 170
132% 132%
44%
44%
•
-'
47
.
26
'
«.
1
i-
59
54:;?^/54''>v^
'
f
-
32%
1
*
s
66
18%
19%
23%
106
;
380%
47%
MEMORIAL
44%-
X46%
173
46%
44%
VAX
44%
•174
110% 111
101%'103%
14.800
25%
58
*52%
54%
32%
54
32%
c
51%
*65
66
t
20
v
•
1,800
•
20%
J
100
2.300
15.200
15.000
3.800
8.800
*200
200
20%
44%
35%
21%
22%
11.100
55%
56%
88%
12.700
a
*
,
31%
31%
104%
160
39%
40%
9.800
35%
23%
13%
,
Saturday .•
Ma^ 25
9 per share
4
•
.
Monday
,
Tuesday
May 27 ?.
14%
3
$ pertihnfp
•
29%
*76
f per short *
29%
29%
7#
110%
*110
*110
47%
42%
.
42%
110%
112%
STOCK
60%
EXCHANGE
-
•
.
60%
133
26%,
•76
43%
59%
*41%
110
32%
41%
48%
v.'
k.
,
STOCK
27%
EXCHANGE
31%
CLOSED
MEMORIAL
32%
*40
DAY
42
*72%
80
300
*260
108
107
279
*124%
26%
*40
107
107%
280%
125
i
277%
32%
111%
111%
111%
29%
22%
50 %
37%
*174
33%
116
119
37%
176
16
*118%
50%
/
50%
38
*174
30%
111%
95
For
footnotes
see
page
3016.
i204^
Jan 29
May 31
Jan 24
Apr 17
Mar 19
173
Apr 10
'
37
Jan
13
Jan
xl01% Aug
24/ Jan
177 ; Sep
152
Sep
'
.
-
.
"May 16
41% Feb
4
>72% May-17 :
12% Jan 24 ;
91% Feb 15 ;
38
Apr 25
34
•
21
/
25
32
Jan 29
V
108% Mar; 2'
42% May 10
24% May 27
^15
Febr 2
-
Jan
Apr
Aug
15
Jan 18
•
Jan
33 :
7%
65 :
22%
.
-
16% Jan
Jan
Jan
26% July
102% Nov
.
Deo
33% Mar
29%
Deo
Jan
18%
Dec
Jan
Xll8%
Deo
10% Jan
••£/
24%
107% Deo
^
10% Jan
Sales
tot
Sharif
1.009
49%
51
28%
118%
3
May 21
Jan -3
Jan 12:
Jan
8
111%
49%
*22%
118%
Jan
May 27
•
67%
32
108%
40%
34
50
*110%
*118%
2
36%
50%.
19% :
23%
22%
16%
165
'
>?, ^
Jan
14%
34%
29%
34
Feb
!>• •;
117%
29 %
116
89
'
48
24%
103%
32%
* 195%
124%
*116 %
*22 %
'
/
279
124%
13%
22%
16
9
65
f
JNo pat
... 1
No par
10
,'100;
100
Jan
50
13%
29%
33%
58% Mav 15
22
'*48%
49%
X357/s
22%
v!l6V
7
24% Jan
20 % July
35% Jan
107
36%
18%
16%
37% Jan
12% Mar
13
t
22
300
50
33%
45% Apr
80
•260
49%
116
2
42
*72%
300
♦111%
16%
4
13% Jan
31% Apr
60
33%
32
17% Jan
34% Jan
z
No par
No par
No par
May 31
22% May 8
,
27%
59%
*116% 117%
116
8
29
37
131
131%
31%
32
13%
*110% 112
25
62%
35%
112
21% Feb
45% Jan
Feb 26
27%
62%
21%
49%
29
Feb
24
1'•
62%
61%
*107
*22%
37
Jan
23% Mar
181% Oct
20% Jan
205% Apr
3
32% Apr 16
17% Mar 13-
:
1
1
13%
Jan
Mar
17
1
Jan
Mar
49
27%
.,
132%
*260
*110%
15
52
Dec
66% Nor
42%
I
27%
-
Feb 20
115
Jan
21% Dec
107%
131%
32%
Feb 20
27
47% Deo
-18%Dec
109 % Not
42 y4
*106%
60%
41%
80
♦72%
193
33% Dec
' 32% Oct
112
% 40%
62%
132%
/
34% Apr
37% May
Deo
Deo
Dec
110
*110%
48%
/
61
132%
20% May 6
26
Feb 26
Jan
35%
20%
16%
9%
•
20% May 28
28% Jan 29
30% Feb 26
Deo
15% Jan
16
41% May 31
34% Jan
2
24
Apr 15
16% Jan
3
Nopar
^-v/vP:' \
52% Jan
76
24%
61
64
—
53
25% Jan 15
32% Jan
52% Deo
34% Dec
36 - Deo
117
Dec
—
Jan
13
66
May 15
3
-
;
...
48% Not
7
-
77
'
131%
43
Mar
Jan
Jan
Mar
109% Jun
20% MaY 8
....
23%
31%
9%
97%
55% Feb 15
Apr 22
6
16% Jun
49% Jun
the Week
•••
29%
42
42%
106% 106%
27%
28
C
62%
27%
60% May
No par
21 V Deo
53% Dec
41
Mar
21% Jan
__
8
Dec
Deo
—
114% Jan
2
22
Jan 20
2
49% May 14
16% May
May
13% Deo
124
37
*106% 108
110%
48%
.
28%
'
62
27%
60%
42%
110%
.
'.■••May 31
I per share
29%
78
*110% 112%
48%
28
61%
267/8
43
42%
42%
106% 106%
t?--;
29%
*76
110%
48
48%
43
106%
28%
28%
May 30
9 per sharp *,
-
*106% 108
110% 110%
106%
CLOSED
29%
78
*106% 108
109% Feb
49
Deo
Mar
Oct
?
Friday
May 29
n
* f per sharp
29%
*76
107% 107%
42%
42%
i
*"
100/
——
;
«iV;
27% Apr 24
'
,< 36% Mar21
.
Wednesday
/May 28 %
-
1.800
1,500 1
uiff -Aittf high sale Ibices :
a
preferred
:
May 31
109% Feu
18,200
105%
41%
24%
41
..1
Jan 29
20% May 29,
Mayi6
24% May 7
National Supply (The) Pa
....,>,10
;i9% Mar 13
' $2 conv preferred
__40
27% Mar 28
340
' 4 % % .preferred «,.—^—100 / 101% Jan 241.000
National ,Tea Co.
—-.10
26% Jan 19
17.600
Nat Vulcanized Fibre Co16% Mar 15
10^00' /Nattnmta Co v,...
No pa*
-12%May 8
24%
.29%
"
23%
16% Feb 26
lu5
,
91
29%
Co (G C) new
25
,
36
105
66% May 29
Jan
•National JUnen Service Corp.«^..l,22% Feb 13
5.000
Nat Mall & SiT Cast Co_.^7o'par /
30% Mar 14
:300 * -National Oil Products Co /
4 y : .51% Feb 26
38.800 *
National Power ft Ltr*-No par
»y4 Mar 14>
8.200 National Steel Corp—..;
.^.28
,
80% Feb 26
1.400 ' -National Sugar Ref Co—..No pay- '
29ya Feb 25;
<
36
35%
,
20
66%
11%
X90%
36
44
'"At
30
32%
*65%
28% Feb 26
No par
Nat Enam & Stamping
National Gypsum Co
- > $4.50
conv preferred
National Lead Co
'7% preferred A
6% preferred B
11.700 T,
*196% 198
*168
172
25% Feb 26
56 : Jan 15
34% Jan 16
v
104%
,11%
■
v
200
60
4 :
Nat Cash Register
National Container...
National Cylinder G»s Co
Nat Dairy Products
National Dept Stores
Nat Distillers Products
2.300
85%
3'
47% Mar
National Can Corp
6.700
43%
30% Apr
•
47% Jan
104%May 29
62
.
6.500
43%
13
Jan
3
72% Jan
1
——.—.1
v
Nat Automotive Fibres Inc
1
National Aviation Corp
5
/
National Battery Co
4
National Biscuit Co
^^iO
7% preferred—
100
d Nat Bond ft Share Corp
No par
3.300
35
22/i:
178
May 31, :>
132% May if
May 10
5% Jan
16% Jan
Jan
26
Nor
25% Jan
79% Jan
Not
Deo
26% Dec
58% Oct
36
2
Jan
22
*
Anr
116
.
24
52
Jan 23
70
Apr
8
51% May 21
2
129
75
7% Mar
May 31
17%:Jan
14%
36
63%
160
109% Jan
22% Jan
Mar 25
44
32% Jan
50/-
National.Acme Co
National Airlines
-
11,300
19%
44%
31%
9 per share
13
Aug
42% Mar
v:
19% May 28 ;
129
12% Mar 13
38% Feb 25
*45
Feb 27
29% Jan
2
Nash-Kelvlnator Corp-.^-.^.^—8
* Nashville Chatt ft St. Louis
100
460
•58%
26% Mar 18
68% Apr
5
49% May 29
3
Myers iF E) ft Bro
*
31.200
7.000
9
7
4%%
1,300
\
"
Feb
3
Jan
Murray Corp of America
..,.10
4% preferred
——;„60
11.700
53%
66
Jan
Mar
93
54% Jan
| Murphy
60
51
,
;,„,a
Mueller Brass Co
1
Mullins Mfg Co class B... .......——1
$7 preferred
Nopar
Munsingwear Inc new.
5
60
19%
* 66
137
53
166
2
29% Mar 13
Motor Wheel Corp—.,.
13.700
.
107
114
52
May 29
Jan 24
Motor Products Corp
3.400
3,700
66
2.200
\V 66
Jan
Worrell (John) ft Co^m*mmmJNo par
100
33%
36
/
♦106.
$2.50 cum pfd
2,000
18%
35
11% Jan
Montgomery Ward ft Co——No par
Moore-McCormack Lines Inc
.-.10,
2.800
26
*55%
*«*%
19%
9
Jan
119
10
$3.25 preferred series A—No par
400
46
*112
18%
18%
1,700
178
132%: 132%
26%
58/
'
1.400
«6-x%
•
7% Jan
25% Aug
62 % Jan
6
51% Feb 25
40 V* Apr 30
Mo-Kart-Texas RR^..m.——Mo par
preferred series A ,,,,.■■■ ...100
Mohawk Carpet Mills—20
Mojud Hosiery Co Inc—,
2.50
Monarch Mach Tool
Nopar:
Monsanto Chemical Co
10 /
•
1,100
a
45%
.60%
46
18% Feb 16
45% May 15
18% May
Nopar
.
1.000
66%
,20%
20%
106
106
!
.
86.50 preferred
Mission Corp
8.700
32%
.
„
5.100
68%
66%
45%
"
114
18%
"
20%
.19%
46%
*111
13%
46%
67%
*53
66
105
20%
•
13%
45%
CLOSED
35%
106
44%
•
STOCK
EXCHANGE
26
3
v
'
102% 104%
32
66
1.600
14%
*55%
Highest
$ per share
Feb 26
Feb 26
31%
50
156%
70 \
2 Minn Moline Power Imp!—,1
4,700
.
3,600
33%
66
♦105
-
31
67%
49*
;
*132% 135
-
30%.
30
J■
,
-
104
Range lot Previous
Year 1945
Lowest
# per share
12% Jan
v
Minn St P & S3 M A Vtc—JNo par
Minn-Honeywell Regulator
a3
Minn Mln ft Mfg.———No par
20%
66%
5.000
25.300
20%
47%'
67%
172%
■
26
26%
*55%
59
*53
54%
,
600
44%
.'
:
30
72
14
132%
101%
26
*55%'
,.
172
132
100% 100%
•
•"
170
46%
170
:
Midland Steel Products
No par
8% cum 1st preferred
100
Minneapolis & St Louis Ry—Nopar
600
46%
.
/
Highest
9 per share
Par
Miami Copper—.8
Mid-Continent Petroleum-.——-.10;
2.800
'
43%
*66%
-
Lowest
>
8,000
18
; 47%-
125
*43
Range Sineo January 1
^
Shares
58%
*71%
66
48%
EXCHANGE
the Week
43%
♦166
20%
65
.
19%
♦123
17%
43%
*57%
70%
20%
64%
48%
18%
19 %>
125
X70
21
64%
48%'
'
48%
18%
70%
20
20%
65
♦121
-
'
*
MEW YORK STOCK
Sales for
Friday
'
57%
58%
166
166
169
70%
72%
64%
47%
,
/
44
56%
STOCK
STOCKS
Tuesday
May 28
1
>
35%
117
16%
119
^ 51
18%
/
18%
22%
22%
Ohio Edison
Co
4.40%
Ni
—N<
4%% convertible preferredOklahoma Gas & Elec 4% pid.
omnibus Corp (The)
Oliver Corp.
8 %
conv
38%
Otis Elevator
32
111%
95 %
6%
Ni
Glass
14%
xlitfVaJan x4
17% Jan 18
120
Feb tl
51% May 22
Jan
2
26
32% Feb
25 >
Co
Jan
Jan
2
91
Jan
30
75
Jan
7
107%
Jan
16% Aug
Jan
24 %
106% Jan
11%
107
13% Jan
23%
Jan
.
39% Feb
2
180% May
2
?R
Nc
Co
Owens-Illinois
7
Apr~25
112% Mar
166
preferred
Outboard Marine & Mfg—
Outlet
26
27% Feb
Oppenheim Collins
176
19% Feb
27% Feb 26
115
preferred A
50%
112
Jan lo
29% May 28
35% May 31
110% May 24
pfd
Ohio Oil Co
7
25
155
111% May 29
100
Apr
5
74
Jan
58
Jan
34
Jan
22 %
Jan
Jan
34% Nov
Volume 163
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4495
NEW YORK STOCK RECORD
LOW AND
•;.
Saturday;//^ 5 v/vBTdad:ayr1:
May 25
-
t per share
v;Tuesday-'
May 27
$ per share
*39%
17%
44%
j;
'
43%
*149%
44
>
150-
1
•178%
180
8%
84
113
79
109%
'
28%
*34%
*113
*74%
75%
56%
39
39»/4
14%
14%
14%
29%
28%
28%
,>
,35%
*34%
-
*113
"Amm
25%
26
41%
47 /
42
41%
67
110
65%
110
35 y«
36
29%
i
35%
35%
29%
•
*33%
£35%
:££,, /
29%
:
•
42 y«
preferred—
par
Pan American Airways Corp
Pan-Amer
Panhandle
3,900
Petrol
East
v
25,500
OU.It
U
10
Paraffine
Cos
——No
-
4% conv preferred—
£ Paramount Pictures Inc
76%
13,300
77%
500
Park
9,200
Park
&
Tilford
9-
May
'
16Q%
*«*.<»£
12% Feb
27
Jan
4
111
Apr
14% Jan
90% Apr
10
110
52% Jan
3
£ 85
Feb
9
82
57
May
May
10.
33%
34
1,400
Parker Rust Proof Co
20%
21%
6,000
Parmelee
19%
20
4,900
Transportation
No par
Patino Mines & Enterprises———10,
19% May 20
76
.££; 60O
Penick & Ford-—-—.—.No par
Penney (J C) Co new
No par
Penn-Central Airlines Corp
1
67
Jan
79
Apr
61
Feo
25
57%
26
57%
15
29%
29%
•34%.
35%
DAY
28%
■'"] /./■/;■ /:
*34%
113
x47%:
*64%
26
42%
47%
47.
67
x34
36%
36
36%
29%
29 y4
34
£';
29%
104%
105
40%
41%
40
*106%
107%
*105%
106%
40%
39%
39 Va
106% 106%
*106%
13 %
291/4
600
•£
jjil'
111
Oct
14% Deo
X8Q% Deo
110
July
57 y4
Deo
Jan
73%
Deo
5%
Deo
34
26
4
No par !
59
30% Janr
28
£ 35% May 20
28% Feb 25
22
Feb
40
May
X40
Feb
27
43
Jan
2
89% Feb
20
115
Jan
26
27% Jan
47% Feb
Mar 13
111% Jan
/ 20%
Dec
Deo
17%
v;
Jun
33%
Deo
30%
Deo
113
Apr
24%
Deo
33% Aug
37% Mar
46% Nov
49
Nov
30% Jan
46
May 22
115
Apr
51% Jan
69
25
14% Jan
40% Jan
11
36% Jan
•
14
22
17
4
106% Apr
12
lpy* Mar 13
14% Apr 13
Pfeiffer Brewing Co———No par
(Chas) & Colnc—-----—1
13
Apr
35% Jan
2
16% Feb
6
Pfizer
5
80
9
Phelps-Dodge
Corp
—25
Philadelphia Co 6% preferred
50
$6 preferred
No par
36% Jan
21
July
19% Jan
92% Jan
:
43% Mar 18
4%% 2nd preferred————^-100
Petroleum Corp of America———8
109
Jan
£21
130% May 31
105% May 20
38
May,
49%
68
21
30
24 V4 Mar
72
48% May 31
Jan
i
13
Jan
Nov
16
32\ Apr 26
32% Feb 26
£ 25
19
24
9
Dec
111
23
88% Jan
800
£r
Oct
Jan
'
1,600
1,900
106 y2
X18
4
50
Co
39% Noy
30
Deo
17% Deo
21% Jan
11% Aug
No par
Light
Jan
6% Mar
16% Feb
12
RR
Feb
21%
23 V4 Mar
7
100
&
£ 29%
16
5
Jan
Power
Feb
21% May 21
13% Jan
10
Co new
£
48% May 21
4
13% Feb
5% preferred
100
Pet Milk Co.—.—No par
900
39%
12%
/;£; :.£,'..v/,:'.
3
28% Jan
1,800
39%
106%
13 %
:■
800
130%
105%
105
-I..
108
127/e
15,000
28%
35% Jan
10
5
.100
Peoria & Eastern Ry Co——100
Pepsi-Cola Co —
—33%o
Pere Marquette Ry Co——100
;.
5% prior preferred
100
200
130%
129% 130
par
Pennsylvania Salt Mfg Co
Peoples Drug Stores Inc..i
Peoples G L & Coke (Chic)
"
36%
7
110
Penn
400
34%
36
4% Jan
2.50
preferred
Pennsylvania
200
'
No
Co—
Glass Sand Corp
5%
1,700
110%
•32
30
4,900
21,400
:,s
.
&
Penn-Dixie Cement
Penn
:.££ '
66%
110%
Davis
Mines—1
£ Penn Coal & Coke Corp
3,800
48 %
•64%
34%
130
£?/£ 13
>•
26%
42
110%
110%
1,500
35%
113
26%
5,200
Consolidated
Utah
Parke
-
8,300
V
29%
42%
65%
130
13
57%
40%£.
14%
: 14%
'
48
110
56%
*
CLOSED
MEMORIAL
*113
26%
5,900
40 y8
EXCHANGE,
*
42
Jan
*39% Nov
2% Jan
45% Jan
STOCK
75%
40 Va
42%
Deo
Deo
rco
36% Feb
Deo
20
27% Mar
24% Jan 29
75%
la
29
32%
29
47%
Jun
10
Aug
32% Deo
Jan
106% Oct
1
30
7% Jan
175
'
5% Jan
16% Mar
56
9
Apr
Deo
Mar
29% Apr
106% Sep
4% Mar
25
1Q8% Jan
1
Oct
149%
13%
30
75% Feb 26
—1
:w
5
10
Mar 13
;
Jan
6
Deo
Nov
*60%
18% Jan
20% Apr
9
56% Apr 22
37% Jan £ 3
'10
—100
121% Jan
,34% Apr 22
6
108% Jan
par
Inc_,
m
1
£: 11% Feb 16
19% May 24
17
Feb 26
—
Ino
152% Feb
8M» May 23
23% Mar 14
Pipe Line—No par
1QO
——1>
preferred
Jan
i'll
£
42
46
Jan
48
6
5 v
Jan
£ 34%
64% May 14
48
Apr 24
o
2% •?
Transp—
24
i
45% May 29
Mar
Panhandle Prod. & Ref
400
<
4%
A
Mar 18
4
May
10
Nov
48
6
142
100
Deo
Nov
89%
47%
14%
■
35%
128% 129
105% 105%
13
No par
Telep & Telega———100 £
22 Va
23 y4
6%
56%
26%
47%
47%
67
56 y4 Mar
Jan
Jan
6%
39
£
—
25%
"■
X75%
57%
39
110
"
100
75
20%:
£
57
-
t£ 40% Jan
No. par
13%
11%
;34
21%
75
38%
-.14
—25
Elect rlc_i
&
$ perthare
45% Mar
47%
21%
20
19
pacific Western Oil Corp™
£ Packard MotoT Oar—-No
62,800
88 £
113
34% Jan
Pacific Tin Consol'd Corp——I
77
•
par
Highest
:
6 per share
86% Mar 19
,
6%
32
56
1
/'
78
19
Lowest
19% Jan 22
24% Feb 10
.
2
Feb
'
11% £
*109
w*
6%
32
CLOSED
113
Jan
>
110%
*85
78
21%
EXCHANGE
85
*109
109%
.70,800
54%
*109
'#;.ii y«
84
47%,
19"%
10% £3
54%
55
'11%
75%
47%
75
10%
110%
£ 11%
,77
6%
:
84
2,600
Pacific
7,500
31%
,19% 119%
20
£>
•19'A
19%
80
76
9%
10 y2
*109
11%
£> 6%
31
20 %
£ 54%
110%
11%
83
:
;•
18
•77
par
Gas
J per thare
15% Mar 14
.->-10
.No
Pacific Lighting CorpPacific Mills new
50
J
-
Co
preferred non-cum—No
2nd
40
:
Coast
Pacific
/.
1,900
179%
87/a
19 %
54%
*109
11%
•109
\
179
•19%
19%
X54%
55%
110%
•81
43%
Paclfio Amer Fisheries Ino.
'Pacific
800
150 %
*149%
31%
io%
10%
-20
8,800
43 %
,
31
9%
£i
'
31%
19%
50
,,
179
19 %;
'
>!,
45%
150
*
rf: 1st preferred non-cum—
62%'
179
V*
60
•
31
20%
11%
43
300
43% 5
150
19%
54%
>44%.
2,700
62%
180 £
*
9% ,10
£ 45
45%
62%
*140* >150/
18
40
Year 1945
Hirheot
t per thare
82
40
v
Range Since January 1
Lowest
23
•£
Range for Prevloui
STOCK
YORK
EXCHANGE
Shares
62%
45y»
8%
31
,19%
*109
41
■'
•40
62'A
44
17%
S *22•'*78
NEW
the Week
I per share
82
•178
*19%
STOCK
44%
62
44%
62
8%
\:-3i—
40%
40"
40
I per thare
23
•79
Sales for
Friday
May 31
17%.
•22 Vs
81
62
'
I per share
:,22:*'• '•
STOCKS
Thursday
May 30
v:
££
May#)
i
17%
17
*21%
>*79££
PRICES
Wednesday
-
May28
t per share
-
HIGH SALE
63
Jan
26
Mar 12.
Apr
>;
Deo
96% Nov
43%
Nov
38% Nov
43% Jun
119% Nov
116% Jun
41%
Deo
105%
Nov
108
8
Jan
13
Deo
15%
Nov
,
Mar
-
14%
14%
14%
14%
14%
14%
14%
14%
75
76
74%
75%
72%
74
72%
73
45%
46%
11,400
69%
70%
1,400
46%
47%
70
46%
69
71
114
114
114
47%
29%
29%
30 Va
29%
29%
29%
29%
119%
120
16%
17
16%
35%
36 %
35%
36%
52%
54
53%
54%
110
120
£
110
110
110
102%
102%
127%
70
*33y«
29%
29%
140
30
29%
29%
*119%
Pbila Electric Co.
13,800
80
53
110
35%
110 %
.
33
53%
*110
103
£/:£/£S'£v
33
16,800
8,300 ~
27,400
111
*1027/a
103
*102%
36%
52%
36%
54%
-35%.
17%
*32%
400
£•
'
127.
127%
69%
34%
70
*127
33%-
34%
*33
70
*33
•
•127
127%
.69
-
.£
341%
■'
£
33%
*
100
series
Phoenix
25
27% Feb
25
117% Jan
Feb 27
122
42% Feb
105 V* Feb
102
preferred
Deo
Jan
40%
Deo
57
Jan £
71%
Deo
106% Jan
18
21%
Jan
25
Jan
.47
May 16 £ 117
Aug
5
12% Aug
31% Mar
Jan 17
71
Jan
19% Feb
4
27
56 Vi
28
7
July
107% Sep
111% Mar 27
Apr ,27
Jan
36
27
10
Jan
14% Jan.
8
128% May
Ill
1
Mar
49
Feb
25
70
May 11
Oct
29% Nov
29 y4 Nov
122
7*
Feb 27
41
Jan 11
11
32
32%
33%
108%
109%
*135
108 Va
33%
13%
13%
"£:£?3^;
33%
108%
•135
108%
-■£13%:
15%
£
'*:£"■' £*135
£113%
14%
98%
34
•107%
♦135
98%
'13%
100
34%
124
Jan
98%
'97%
25%
26 Va
X25%
26 %
27y4
27%
27%
*198
27%
98
.
25%
28
13%
*198
*208
209
*208
11%
19
19
140
17%
•115
89%
131
91
90
28 Vx
;*198
*208
11%
91
28%
£
:-9228
'"r?
12
89
#
90%
91 %
27%
•£
28%
28%
33%
33%
•32%
29%
*32%
25
24%
25%
37
35%
36%
24%
23%
23%
£,
33%
25 *
1 ■
1
!
30
91%
7%
26
23%
preferred
35
Plough
28% Jan
32%
32%
200
25 Va
3,100
37
:
No
Poor
3,300
.
Creek
&
Pocahontas
Co class B
26%
27 y41
59
58%
58%/
700
4Va %
67%
68
67%
68
3,800
Procter
57%
53%
56%
53
53
53%
8,700
Publlcker
105%
40 •/./
*104 Mi
54%
105
£40%
57
*104%
105%
*104%
39
39%
39 y8
28%
29%
.29
113%
113
ft--
•/
104
'
-
£
Pressed
23,400
1
104
7%
Pond
400
24% ;£
100
Inc
Plymouth Oil Co
26%
•*
8
3
58%
'
65% Jan
18% Jan
-100
100
No par
1
Steel Car Co Inc
83
Mar 25
27
Feb
18
92
x21% Mar
26% Apr
20% Mar
27% Feb
Feb
4
26
30
Feb
May 16
63% Feb
Feb
Industries,
44% May
A
Inc.-,
5
preferred——No par
cum.
26
6
102% May 11
33% Feb 19
1,040
Corp of N J
No par
$5 preferred—-———No par
109
Feb
30% Apr
115% Jan
123%
124
123% 1241/4
123%
1241/4
1,160
6%
preferred
100
120
Feb
126
136%
135
135
135
1351/4
135 »/4
i35i/4
500
7%
preferred——-—100
132
Jan
146
145
145 y2
145 ye
1451/2
330
8%
preferred———————-^.100
143% Jan
Xil4%
EXCHANGE
CLOSED
67%
28%
113
-
113
*113%
35%
35
116
*113%
AND
I per shore
f
t per share
22%
$ per share
Tuesday
22%
15%
22%
16%
•90%
♦90
25
*110%
24
111%
46%
30 Va
28%
16%
90
;
1103/4
45
471/4
For
28
29
52,
£ *<!*>
28%
52
t,
25%
99% ^
47
40%
243/4
*97
28
31%
3016.
28
*111
110
39,100
90
23%.
IIO1/4
471/4
47%
Ill
700
49,000
£
47%
48%
32 3^
45
28
*27%
£-
1,300
3,700
110
£■•
200
'
112%
110
600
112%'
110
,
40%
40%
251/4
25
991/4
98
40% May 17
Deo
138
Nov
150
23
126
110
Jan
Jan
17
121%
Jan
*148%
112%
Oct
118
15
69% Jan
15
28% May 28
17
Jan
113% May 22
38% Feb
4
106
May
Mar 19
32% May 16
=
20
110
:'£
49 Va
32%
Jan
—50
May
19
Jan
3
28
share
10% Jan
19%
Jan
90 y«
Oct
77/s Mar
18%
Dec
Mar 13
Feb
7
96Va Mar 19
3
28 Va Apr
24
10
112% Feb
11
103
6
33
July g
Aug
16
Mar
3
49 % Feb
21% Jan
3
33
Jan
3
26% Apr
Jan
39
May 14
Apr
9
share'
78%
15
37
Highest
$ per
22% Deo
15 y2 Jan
41
Nov
15% Jan
87
109 y2 Jan
35
Nov
Year 1945
< per
I per thare
24
Oct
Dec
Range for Prevtoue
Lowest
Highest
19% Feb 20
Jan
65 Va
24%
112%
34%
19 y2
111
Dee
Dec
43%
Dee
25
Nov
Jan
38% Jun
Jan
29 y4 Mar
15
33% Feb
4
non-cum
1st preferred
50
49% Mar
6
53V8 Apr
18
Mar
50%
Dec
non-cum
2nd preferred
50
43
8
46 V2 Jan
9
36%
Jan
46%
Deo
Apr
17
liy4
Jan
28 Va
Dee
4
112% Feb
4
102%
Oct
137
Jun
Mar 19
125% Jan
17
143
Deo
45V4 Aor
22
69% July
17
Jan
Real
Silk
5,000
Hosiery
Rels
(Robt)
& Co
Mfg
Co
pfd 3V2%
Remington-Rand
Motors,
1st pfd
Corp
Conv
Reo
5
100
Stores
Preferred
££: 9,400
-
Preferred
Reliance
103%
32
23%
Nov
4%
110
483/4
25
Reading Company
2,400
*101%
47% Jan
<
It
Nov
115% Deo
Jan
117% Feb
108
27%
Feb
106%
Lowest
preferred
Jan
102%
2
Range Since January 1
Radio Corp of Amer
No par
$3.50 conv 1st preferred—No par
Radio-Keith-Orp" mm
1
Ralston Purina Co 3%% pfd—100
Raybestos Manhattan—i
No par
Rayonier Inc——..———————1
99 Va
491/4
17
22
10
Jan
58% Mar 14
STOCK
Quaker State OU Ref Corp
$2
26% Deo
66% Nov
139 7/8 May 10
I per thare
25%
1033/4
YORK
Mar
19% Feb 26
EXCHANGE
1,900
48%
331/4
NEW
Reliable
*101%
32
114% Jan
55
4%
28 Va
112%
41
*98
7,600
52
*42
180
1,100
£•
287/s
*50
25%
25%
1033/4
273/4
29
52
40%
.99
*101%
31
:■
411/4
46%
103%
16%
89%
45
*50
.
45
110%-
41%
page
16%
400
31%
110
see
23
38
111
footnotes
*22
31
v
No par
Shares
231/4
111
No par
.
the Week
$ per thare
38
111%
31
16%
I per share
31%
27%
*ioiy2
"
20
P»re oil (Thei
—No par
5% conv. preferred
100
Purity Bakeries Corp
No par
Sales for
Friday
May 81
381/4
111 ye
46%
22%
May 80
24%
23
900
pfd $5
Pullman Inc
,
Dec
18
STOCKS
Thursday
38
28%
*97
££
£31%
112%
25 y8
36
31%
27%
41
36
100
38%
♦111%
v
*114% 117
30%
51
111
11,000
Pub Ser El & Gas
8,900
28%
Colorado
Pub Serv
50
67%
28%
90
;
*110%
47
115
67
38 y8
-
28 y4
51
X22%
253/a
47
*42
f per share
91
■
110%
30%
38%
£
47
38%,
May 29
22%
115
Public Service Co of
PRICES
Wednesday
16%
91%
24%
DAY
36
SALE
May 28
CLOSED
MEMORIAL
116
35%
HIGH
Monday
May 27
EXCHANGE
.
'
35%
♦35
LOW
£
Saturday
May 25
STOCK
115i/4
67 %
28%
Deo
Deo
25%
67
113%
67%
27%
33%
May 14
105% May 22
23% Jan
.
71% Apr 27
ser
113
28%
16i
56
62
Jan
Jan
12% Jan
16% Jan
7
—50
30% Deo
17%
24 Va
20
39% Mar 18
23
43% Jun
4
31% Mar 12
30%
66 V2
Jan
Jun
Jun
Jun
113%
28%
21
18
Oct
69%
91
Feb
Deo
113
66%
68
27% Dee
29%
28%
Dec
Dec
117%
35% May 13
113%
116%
15%
8
3,700
25,100
66 y»
8% Jan
£ 99
Mar
49% Mar
32
30y4
28%
Dec
12%
198
401/a
*115%
July
44%
Jun
145% 145%
STOCK
205 Va
12% Jan
29%
146%
115% 115%
Jan
Jan
198
34% Jan
39%
136
Deo
29% May 28
,
40 %
122% 125
Nov
25%
6%
May 28
x29
113
16
Feb
93
•
Dec
23 Va
39% Dec
;
30/
Gamble---— .—No par
preferred
&
$4.75
3
par
-
Jan
Jan
190
Mar 29
Jan
22% Feb
141
25% Apr 15
26%
"■
14
7
Deo
15%
•
48% Jan 15
3
Jan
Pittsburgh & West Via————100
7,000
68%
"
14% Jan
Pitta Young & Ash nfd———-100
Pittstam Co. (The)|
w*
58%
271/a
210
123
100
B—
preferred class A_
1st ser conv pr pfd,
67%
,
class
Feb
Sep
11%
106
May 15
202
14
Feb 26
Mar 13
37% Nov
108%
126
85%
8
Feb.v 8
Dec
Deo
20% Dec
16
30
May 15
10
Feb
26% May
Jan
40
5%
26
58
68 %
106
,
202
,
5%%
58%
57%
67
15% Feb
3
270
'"'28%
24
24%
8% Mar
600
300
*36
37
8
2
91%
*27%
24%
25 %
*35
Sep
118% Aug
203
preferred.*—————,—100.
'
23%
25 y«
105
3
23V2 Jan
Bolt——No par
Pittsburgh Steel Co
No par
14,000
£
27%
22%
7
May
35% Jan 15,
97% May 17
21% Mar 13
Pitts Screw &
*197
29
34
19%
133
90
-
Feb
136
Deo
59% Deo
Jan
110
8
10% Jan
par
Pitts Plate Glass. Co.————10
7,800
89
*197
27%
10,900
12
*120
*
133
*197
26%
11%
25
12
Mar
Pittsburgh Forgings Co——i
Pitts Ft-Wayne & Chic Ry
100
%
1,000
42
18%
89
/
:
20
19%
y4
41%
Chemical Co—No
134
'
209
Va
*120
90%
90%
42
106% Jan
100
$5 conv preferred
...-No par
Pitts Consolidation Coal Co——1
£10,800
—•
*208
209
;;
19%
29
*197
24%
•35
.^
*198
■:£/ 41%
:£,?£ 11%
42%
132
'
89%
♦27 Vz
25%
*27%
..
'
209
41%
11%
'
£11%
160
Coke &
'
41%
41
;
100
*99
Pitts
3,500
~
24%
.......
;
;£
26
28
,
C & St Louis RR
C
30% May 16
-88
——No par
.
Pitts
——
•
*98 V
pillsbury Mills Ino
/$4 v preferred
1.200
109%
»'-i
Nov
Sep
Apr
113
■V£
♦108%
Apr
19%
£• 44% Deo
44% Jan
30
Hosiery————————.0
115
104% Mar 26
25% Feb
125
36%
25
30% May
1
31
Jan,30*
15 £ Mar 13
32% May
May
x48
May 23
£ 76% Jan 22
27
118.
preferred
3.60%
6,600
£
,33y«,
4%
7
27% Feb
•
———100
100
Phillips Jones Corp
No par
7% preferred
100
Phillips Petroleum
No par
40
May
111% Feb
■
Corp
i
3
Philip Morris 65 Co Ltd————5
300
69
par
Philco
■£. 40
127%
68%
No
com
65
$1 • preference com——No par
; 4.4 % preferred
——u.100
Phlla & Read Coal & Iron
1
5,300
121
17%
'
127
69%
113%
29%
'
•
*102% 103/
*33
34
34
*33
112
t120% 121
17% /i7%:
'
£
113%
x29%
X29%
r
17%
120
69%
",69%
*112
29%
%
46%
45%
'
70
114
9% Jan
19% Aug
new_—
No par
J.
5
series
100
with warrants
Inc
100
1
25
j
Feb
22% Mar 14
106 Va Jan
95
27»/2 Jan
7
23
Apr
98
May 31
15
32 y4 Mar 13
101% Mar 8
25 y8 Feb
26
31
43
31%
Dee
27% May 11
101
May 18
49 y4 May 29
105 y8 Apr
22%
Jan
3
99%
Jan
33% May 31
15 Va
Jan
36%
Deo
102% Aug
29
Dee
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK RECORD
Saturday
Monday
M»7 25
May 27
May 28
# per share
•
t per share
t per share
May 29
19%
/
Xl97/a
20%
?*»14% -14%
20%
19%
19%
14%
15%
14%
18%
18%
t 18V*
"18%
38%
(39%
115%
38%
37%
*114
115%
*114
31%
29%
♦109% 111
in).
HQ
.
17%
•
130%
*
45%
46
.47
47'
24%
4* 45%
46%
107%
10-7
107
106%
11%
11%
29%
30
62%
•
26%
STOCK
60
640
33
9.500
400
10% 11%
29% '30
65
65
65
26%
26%
26%.
26%
42
•.
•
>
,
34%
*113%
114
'11.800
r
-
500-
?
•
8.500
v-
*
4.200
700
2,600
34%
EXCHANGE
114
CLOSED
;
62%
63
34
STOCK
33%
6.600
i
'
,
60%
EXCHANGE
*113%
5,800.
370
29%
•62
62%
26%
CLOSED
30
41%
1.80Q
11%
.
*41%
42
*40
16,400.
■:
'
29%
20
20%
20
34%
*113% 114
3,000 /
'.N". 40-
14%
14%
15%
15%
MEMORIAL
15%
15%
81%
83%
DAY
81%
82%
10,700
•56
55%
108%
108%
*108
56%
1,400
109 %
108% 108%
36%
36%
72
72
37
72%
X36%
36
36%
X36%
36%
36%
12%
12%
13%
13"%
*13%
36%
*72
•
.71%
36%
1,72
36%
14
/
120
16
8
46%
47%
46
23
.46%
23%
21 %
22%
21%
22 V*
29,900
v
112%
112%
112 V*
430
:
28%
29%
28%
3,100
37 %
12,400
1053a
310
28%
36%
37%
36%
37%
10511
1051J
105SJ
1051i
105
38%
383/4
37%
38%
37
38
85
-
85
85%
85%
85%
85%
X25
36%
'
25%
25%
25%
83
85
85
$5
40 %
41 %
43
4,700
11%
123%
11%
55
553/8
X55%
58
58
1,900
11%
113% May* 8
conv
Shattuck
31,500
19%
19%
20
82
83
84%
1,200
233/4
24V4
23%
23%
2,900
Sloss-Sheffield Steel
$1.20 preferred
81
1,200
52
3,600
Smith (A O) Corp
10
Smith (A) & Sons Carpet Co
20
3% % cum preferred
100
Smith & Corona Typewriter-No par
8ocony Vacuum Oil Co Inc
—13
South Am Gold & Platinum——1
Southeastern Greyhound Lines
5
South Porto Rico Sugar——No par
8% preferred
---100
Southern California Fdison
25
Southern Natural Gas Co——7.50
Southern Pacific Co
No par
Southern Railway
No par
5% npn-cum preferred
100
54V4
*104%
•46%,
v;i6%'
:
63/4
56
iv,
80
55
51%
533/4
513/4
*1043/4
1063/4
•1043/4
47
17
1063/4
*45%
46
17%
17%
18
71%
6%
6%
7
573/4
23%
80
1063/4
47
47
17
*23
23%
793/4
7%
57 %
58
57
57
541%
55
55%
553/4
*191%
55
195
38%
39
33
333/4
54%
•1913/a
195
192
39
39
33%
33%
192
383/a
38%
X323/4
200
71,409
5,000
800,
3,400
50
3,800
323/4
2,100~
i 65%
661/2
65%
68%
67
68%
22,200
59
,
Sinclair
59^8
591/4
61%
593/4
623/4
12,900
86%
v* 86%
853/4
86
85
*90
92
*90
*90
28
28
*23%
*93
1,600
11%
24
11%
11%
22%
23%
*941/2
11%
123/a
*23
98%
24
(98%
98%
Mobile
500
"
■
10
"
51
51
51
50
50
32
33%
31%
32%
31%
31%
18,000
84%
84%
85
85
*853/4
863%
300
51
,
35%
35%
36
102%
21%
104 >/4
105%
21%
22
35%
34%
105
*104% 105%
22%
22%
22%
*46 %
'114
50*
35
22%
22 3/4
49
48 *
112%
-
112%
50%
*112% 1143/4
48%
50%
*112% 1143/4
483/s
49
114
*110%
•1103/4
114
49%
V 51'
112%
112%
♦lll3/8
58%
59%
58%
60%
130%
130%
132%
134%
144
1443/4
145
48
1463/4
48%
113
60%
*132% 135
*13.1%
135
1463/4
145%
146
58%
146
58%.
58
,
31Q
x47%
49
114
,
6,400
48%
'
900
105
105
"'
700
30
5,000
100
2,100
58
59
58%
59
58%
58%
15,300
47%
47 Ye
48%
483/4
49 %
49%
493/1
20,800
76
76%
76
76%
76%
76%
76 %
763/4
29,700
273/4
27%
28%
20%
21
48
28 Ve
48
61%
61
*1063/4
24
38
213/4
22%
32 Va
X28
*106% 108
203/4,21%
48%
48%
*106% 108
60%
107%
24 3/8
*1063/4
,
21%
*47%
1073/4
24 %
107
.
24%
60%
61
*107
28%
28%
107-
*106%
23%
49
48%
49
61
59%
61
7,800*
100
17,600**
600,
2,700
1073/4
l073/4
100
24%
25%
25%
26%
22,500
39
38%
21%
22%
33%
107%
393/g
39
393/s
5,800
*21%
23
34%
21%
23%
36%
*21%
21%
22%
23%
35%
23%
23%
23
109%
109 %
109
76%
76%
76%
120
*119
28%
108
21%
22%
23%
*109
111
*74%
f
21%;
119
700;-
37%
26.200
Webster
110
175
May
Jan
2
9
11
33% Feb 26
22 % Jan
3
54% Mar 13
f
48% Mar 13
M
81
Feb
26
.'91
Jan
4
19
1
Jan
3
'
10% May
15'/« Mar
:j 92%
6
5
Jan 14
/ 40 % Feb
20
31% May 6
731/4 Feb 13
20% Feb 26
93% Feb 26
20% May 22
33% Feb 21
Dec
1103/4 Apr
30% Jan
.114
Feb
125
Feb
28
Jan
111%
Jan
3
2%
Jan
28
67 V*
Jan
12
78% Jan
26
42% Feb 26
•
38%
Jan
37
Feb
62% Feb
26
33%
Jan
26
56 v
Jan
19% Aug
20% Mar
106
May
17% Jan
Feb
41
41% Jan
8
105%
7
Dec
9% <Jart
Aug
34% July
3
34
26
3
101%
Sep
105% Jan
26
16
Jan
24% Jan
7
10 3A
Jan
21
Jan
8
18 V8
Jan
18% Feb
26
263/4 Feb
—
9
20% Feb
26
10% Jan
18% Jan
16% Nov
16% Feb 26
106
117
64
109
Feb 26
53/4 Aug
7% Feb 26
14
STOCK
13 Ve
133/4
99.800
50%
EXCHANGE
49%
49%
3,300
X21%
22%
CLOSED
213/4
353/4
MEMORIAL
20%
,35%
35%
9,300
6,600
—1
Sunshine Biscuits, Inc
—.12.50
Sunshine Mining Co———100
Superheater Co (The)..
No par
DAY
158%
1583/4
1,800
Superior Oil of CaUf—.———«,-29
115
Mar
5
2,100
Superior Steel Corp———100
Sutherland Paper Co
.10
Sweets Co of Amer (The)
12%
36
Jan
3
38 *
Jan
21
41
Feb
Aug
Oct
119%
Apr 18
13%
Dec
57
Mar 18
50
26
33%
34%
35%
157
157
159%
Sunray Oil Corp—
1.100
600
3.500
3,500
13.200
200
7.900
LOW
Monday
1
May 27
May 25
6 per share
18 Va
HIGH
i per share
"
Bwlft at Co
Swift International
J
$ per share ~
Ltd
t per share
Friday
May 31
NEW YORK
Bales for
the Week
i per share
v
Corp—
(The)
Gulf Producing—
Texas Pacific Coal &
25 Va
Oil.
Texas Pacific Land Trust.
63
Texas 81 Pacific Ry Co
46%
Thatcher
*63%
$3.60
*26 Va
page
Mfg Co
conv
The Fair
3016,
8
33 v4 May 27
No par
No par
107% May
9
*'12% May :6
1
►
.
EXCHANGE
Texas Gulf Sulphur
31%
4
31% Mar
Par
Texas
56 Vs
37% Mar
Range for Previous
STOCK
Shares
Texas Co
15 Vb
25
STOCKS
Thursday
May 30
Tennessee
64
1
17% Feb
283/4 Mar 14
—
Sylvanla Elec Prod's Inc
$4 preferred..——
Symington Gould Corp
SALE PRICES
Wednesday
'
May 29
441/2 Apr
•
28
Telautograph Corp
23%
see
AND
Tuesday
May 28
'
Talcott Inc (James)
xi 1%
footnotes
.
107% July
13%
155
For
39
112..
Jan 31
41% Feb 26
50%
21 Ve
203/4
♦
55% May 27
6% Mar 13
51.
13
i per share
15
Jan
20
49%
-Saturday
17
91
15% Mar 14
Sun Oil Co—AO par
Class A pfd (4%% cum)
100
300
Feb
301/2 Mar
Sun Chemical Corp
—
1
$4.50 series A preferred—No par
240
*76%
78
1193/4 120
119%
Stone &
40,100
233/4
34
preferred-———i-;—2Q:.
prior
Mar 14
51% May 29
No par
Studehaker Corn iThe) -*———1
8,700
109
24 V* Apr
71
—
5%
11
84% May 31
27% Feb 16
ctfs—.100
Standard G & E Co $4 pref—No par
$6 pnor preferred
No par
$7 prior preferred
No par
Standard Oil of Calif-—par
Standard Oil of Indiana
25
Standard Oil of New Jersey—i„25
Standard Oil of Ohio.
——10
3%% preferred series A—
100
Standard Steel Spring.———L—A
Starrest Co (The* L S
No par
Sterling Drug Inc common
—5
3% preferred
-100
Stewart-Warner Corp— ———ft
Stokley-Van Camp Inc.
1
400'
58
tr
No par
Spear & Co—1$5.5 J preferred
No par
Spencer Kellogg A Sons
No pat
Sperry Corp (The)—1
Bplcer Mfg Co
No par
3plegel Inc
2
cony $4.50 preferred
No par
.■
7,800
47%
stk
May 31
20% Jan
Square. D Co pew common
5
Squibb ,(E R) & Sons New
—1
$4 preferred
No Par
Standard Brands, Inc
No par
'
$4.50 preferred
—No oar
6,900
573/4
Ohio
&
Spalding (A G) & Bros Inc
sparks Wlthington
1,100
12,500
61
.
-
92
28
98 %
11 %
87
92
27%
28%
28
&
6
x56 % May 31
No par
—13
Iron
20
No par
Oil Corp
." .Skelly Oil Co
May 31
14% Feb
8
19%
6
May 16
43
No par
81
*23
35% Feb
87
No par
Siraonds Saw & Steel
7
39% May 13
91% May 18
-—No par
No par
18
Silver King Coalition Mines
16
Feb
106
No par
No par
(Frank G)
18
40% Feb
No par
No par
preferred
Simmons Co
200
32% Apr
-—1
Shell Union Oil
3,600
61
No par
common
preferred
Sheaffer (W A) Pen Co
11,200
56%
61
23% May 11
24% Jan 17
Sharpe & Dohme
tv
$3.50 conv pref ser A
160
393/4
25%
—5
-—1
Sharon Steel Corp.
■
300
25%
$4.50
9
No par
Shamrock Oil & Gas
3,500
83
;
Servel Tnc
49% Apr
Co
Corp
Seeger-Sunbeam
5,000
39% Apr 18
17% Feb : 8
i—.8
Corp.
Roebuck &
41,000Sears
23%
21%
29'%
108% May 17
77% Feb
23%
28%
28
Mar 26
37% Jan
w
1,700
1,900 :fSeagrave
46%
112
Jan
90% Mar 23
60
5 %
23%
113
18
l.JVo par
Seaboard Air Line ctfs
900
46
20
8
Mar 30
preferred series A w i
100
Seaboaid Gil Co ol. Del
No par
12,300
22%
112%
May*
34% May 29
116
5 % preferred:
Savage Arms Corp
Schenley Distillers Corp new—1.75
--Scott Paper Co__
No par
$3.40 cum pfd——
No Par
•"<
11.800
84%
64
10
—5
—100
——..5
st Joseph Lead
Safeway Stores
6.800
-
84
55%
Dec
31,400
5
132
34%
20%
43
/
34%
19%
18%
300
31%
106%
•
.',17% Aug
Highest
$ per share
3.900
199%
39%
127
34%
20%
42%
11%
34%
34%
33
♦109
$ per share
9.900
115
30%;
Range for Previous
\ Year 1945
Lowest
EXCHANGE *
15,900
a
18%
38%
24%
46%
47%
45%
4
24%
23
23%
45
107%
115
131%
*46%
23%
47
38%
114
.30%
31%
*10)
109%
42
' 42%
.
Shares
20%
14%
14%
17%.
39%
.38%
•
19%
18%
114
132
130
131
.
42%
41%
42%
41
127
-
-31%
30%
-
.15
r
YORK STOCK
NEW
s
the Week
t per share
Sper share
$ per share
Sales tor
Friday
May 31
Thursday
May 30
Wednesday
Tuesday
STOCKS
PRICES
HIGH SALE
LOW AND
—
preferred—
Range Since January 1
Lowest
Highest
$ per share
t per share
Year 1945
Lowest
# pet share
Highest
6 per share
.Volume 163
Number 4495
THE COMMERCIAL & FINANCIAL CHRONICLE
3-0-1-5—■
NEW YORK STOCK RECORD
LOW
!"
Saturday
May 25
Monday
May 27
HIGH
SALE
Tuesday
$ per
PRICES
STOCKS
>
Wednesday
May 29
May 28
$ per share
$ per share
j
AND
Thursday
share
tper share
.
May 30
,r
'ft
'
$ per share
15%
15%
15%
16%
16%
17
63
63 %
66
68
68%
19
19%
18%
19%
18%
18%
18%
20%
20%
66%
,21%
66
il2%
t
21%
"21
X67
Xlll%
10%
10%
10
10%
10%
50%
51%
51%
52
18%
23
-
;
'
"52
10%
23%
23
23%
107%
107%
107
107%
107%
53%
52%
53%
53
53%
53%
62 %
63
63%
64%
63%
64%
63 %
21
21%
20%
«
21%
21
21%
21%
21%
50%
50%
51%
28%
X27%
28%
"28
11%
12
112
11%
113
20%
62%
77%
77%
>105
21%
x21%
58%
Tide
cum
Water
Associated Oil
$3.75 preferred
260
Tlmsen
Tlrtiken Roller
Detroit
13
Bearing
.No
8% Jan
50
2
18% Feb
26
112%
Nov
4Ve
31;
Jan
9%
Dec
Jan
61%
Jun
16%
Jan
Jan
29
24 Va Apr
112
20
26
Feb
20
54% Apr
66 Va Jan
-Mar*13
56
Nov
Oct
Jan
68
May. 8 ;
ft 16% Feb
66%
106 V*
,13% Jan 29
-
ft40%Mar:i'i:U
par
Dec ./ft
ft 19%
29
112
Apr ,25
106
.2
ft 15% Mar ' ft
Jan
28
"
—~
Dec'ft ft
64%
July
.■
ao;
Transamerica Corp
7.800
20% May 24
45
-10
-
July
10Aug
21%.May 14
./ft
15%: Dec
53 V*
68Va Jan
107% Apr 15
par
$ per share
9% Mar
16
Jan ' 8
.No par
;
Feb
Mar 14
par
Axle
20
•
49
—^^-100
.N(
Feb
.
70
ft
Highest -ft /ft.
tper share
17% Feb 16,
*
; 17
i No par
Cow-.— No
12
fper share t
.
13% Jan '• 5
59% May. 9
:
.25
-
com
preferred
5,600
50%
v
;
24
••:
101
;
25
Sep
15
50
;10
26
Jan
'
ftft
Dec
52
Apr
Mar
ft
~*T
Dec
107% :Nov
34% Jan
21% May 20
::
S6
Truax-Traer
4.100
;
20th
18.800
Cen
1.2GO
-
.
$1:50
21 Va
21 %
65%
64%
2.200
-
23%
Corp
*
'■
530
preferred
Twin
Coach
114
^
ft 66 ■/' /Oct..ftft '
23
Dec ft
3
23
No
_50
—i
8
103
63% May ll
79
May 11
106 % Jan 10
49% Jan
par
5
4
24
3
<
Jan
112%
'•
Dec
Dec
^
Dec
"
Dec
17
45% *Dec
34% Mar
102 ft May
Apr 30
"ft
;; Dec
33
10%
10 V* Mar
26% Mar
71% Apr 30
26% Jan 29
20% Feb 26
79
Jan
Jan
18 Va
•
22% May 28
102% Apr
.14% Jan
DO.
Jan
Co
Mar
7
:
par
No Par
7
29
3
.
No
prior ptd
Twin City Rapid Transit
5%
conv
prior pfd
3.300
16 Va Jan
9
12% Jan
Mar 20
*: 39% Jan'
No par
$4.50
65
22%
Film
111
Jan
33% Feb
,
No par
No' par
Corp
Fox
71
Mayl6
23% Mar "15
9% Jan
3
__1
preferred
500
23
48%
,
No par
Tri-Contmental Corp
ft
140
;
*
;
•'
65%
Inc———-8;
*
28,900
106%
22
& West Air
Transue & Williams St'l
400
11% ft
"105 Va
21%
Transcont'l
2.400
^
""
29
57%
58%
72
-ft 72%
105
21%
'21%
$3.'50
4.000
t
11-1% 111%
21%
22%
:!
■;73
106%
64%
50%
*27%
ft 11%
111
21%
61%
R>
Thompsen-Starrett
'13.100
«
'J
———-
4.200
,
\
t pershart
/
Year 1945
Lowest
'
11%
1
Thompson
"
,50%
28%
23%
*-l
-
conv
Thompson Products
4% preferred
400
108
Range Since January 1
Lowest
Highest
;
preferred— —^50Third A v eirt ue Tra nslt Corp.. .No par
220
65
49
$2% div
300
ft
Range for Previous
-
Thermoid Co common
630
1,200
-
t
53%
'23%
'
108
STOCK
Pari
6.300
••
,
,
c
53%
ft;
52%
107%
'
-
•
ft i.
10%
YORK
EXCHANGE
.7.400
•
66%
■
.
'
23.
ft
,
*
53
22%
■
21%
68
10%
50%
17
69 Va
111% 111%
67%
112
112
ft
13%
s
NEW
Shates
C9
21%
67%
21%
67%
112
Sales for
the Week
S per share
,•<
62
"111%
:
Fridav
ft. May 31
%Dec
56
106%
9% Jan
Jan
16
Dec
42
Oct
52%
Dec
14%
Jan
25%
Dec
-ftft
26% Oct
102% Deo
116
Jan
ft
U
STOCK
79%
20 %
EXCHANGE
CLOSED
35%
119
78
79
79
79
stock
78%
79
2.200
20%
20%
20%
20%
21
Exchange
20%
21
5.100
38%
38
39
V
37%
38
37
36%
119%
120
119%
120%
"112
120%
113%
112
11*2
112
"107%
108%
107%
107%'
28%
28%
28%
closed
112
119
119%
112
28%
28%
28 V*
X156%
158
159
114%
114
114
39%
40 %
40
107%
159'A
114%
40
30%
31%
"111%
111%
41%
54%
41%
41'A
42
55%
54
55
87%
14%
25%
87%
40,
15
25%
5%
421/4
90%
89
39%
25%
26
25%
25%
6
6%
79
14%
21
*53,
147%
53%
148
28
28%
72%
73
53%
•
109%
"108%
14%
81%
82%
20%
20%
20 V*
53%
28%
72%
71%
14%
81%
6%
.
149
69
71
*108%
109%
"12%
13%
12%
13%
131/4
17%
17%
18
17%
18%
106%
106%
23%
129%
"202%
99
32%
32%
106 %
106%
24
205
*106%
*202%
60%
60%
60%
Pruit Co
6,200
United
Gas
4,100"
United Merch & Mfrs Inc
61 Va
U
1,200
U S
8
61 «/*
1,600
11%
11
11%
11'/a
39
3,300
39
38%
3y~/a
38
38
21%
1,100
20%
21%
2OV4
21
20%
20%
10%
11
11
10%
11
10%
10%
1,800
591/8
59%
59 V*
60
x59%
60
59%
79
79
601/4
79 V*
80
2,300
80
80
80
'
63%
63%
63%
63
63%
f 1,400
TJ
6,200
U
S
6,700
J
fc»
62%
63 V*
80
63%
15%
15%
151/4
15%
14%
76
77 Va
77
78%
77
*176
179
87%
•v
STOCK
177
177
lb"/8
*177
14%
77V4
178%
*162
71
71%
72'
71%
85
83
•-J CO £
83
89V*
163 Va
88 Va
<
90 V*
162
90%
163
71%
83
83
27 Va
27%
27%
27%
27%
CLOSED
52%
52%
52%
52%
exchange
*52%
600
901/4
91%
161 Va
1,400
27%
Memorial
x27 %
27%
*52%
54
54
8%
8%
18%
18 V*
8%
8%
:
"
8%
8%
8%
18%
18%
18%
118
*115
116 Va
115%
115%
26
26
26
26%
25%
26%
19%
19%
19%
19%
19%
19%
xl9
100 v*
100%
100
100%
101%
102
193
193
192%
193
46%
*192
47%
*98 V*
47%
98%
98%
LOW
Saturday
AND
HIGH
110
$ per share
j
7%
$ per share
"ft
33
32%
33%
24%
25
25%
25
55%
*57
58
57%„r 58 w,
22
22 fr*:
21%
22%
21%
50%
51
50%
"112%
113
"
52
22%
50%
52
112%
113
*112%
*
113
<
113
Sales for
S per share
51%
48%' -49%
42%
90
52%* 52%
96"
*120%
104
•49%
42%
*97 ft
60%
43
107%
12%'
96 %n
121%
104 ft "
30%'
43:;
*160
>170
"160's
170
185
•174
185
*174?
185//
753/4
*74%
.
493/4
?;
75
22 34
22%
22%
52%
53
53
105
105
140%
141%
♦105
108%'
140% 141
140
v
75
?2%
53
•105
2934
54
,
523/4
■
29% Ja'.i
•
■
54
15% Mar 13
>
Mar 25
•
De&
!
'$
De<$ ft
55%
De#
Jan
Jan
12%
DenlS
'
11% JVLXt
Jan
46
Feb
25
8Va Jan 31
94% Feb 26
187
39
Feb
98 V*
May 21
May 14
25
24
2
Jan
27% Jun
51%
Jan
144%
Jan
52
Jan
58%
135%
Jan
23 %
Aug
14
46
Apr lift
20% Apr
Jan
72
6
16/
Jan
Sep
4'
Jain
10
4%
24
98%
Jan
27 V* Feb
7
16
8% Dec
Jan
Jan
Jan
22
16%
Dec
121% Deo
25
Deo
16
5% Jan
9
110% Jan 10
75 V* Jan
178.
Mar
110
Dec
200
Nov
Apr
200% Apr 23
"49% Jan 10
101
Apr
23% Aug
48%
Deo
Dec
9
Range for Previous
STOCK
.ft
Range Since January 1
-\VftV.
ft'"-
Par
Lowest
$ per
"
share
Year 1945
Lowest
Highest/ft
$ per share
$ per share
Highest
$ per share
*120%
50%
50
i
170
.ft:
ft
.
■}
*105 ft
.108%
140%
*137%
20%
20 s/8
20%
18%
*20%
18%
18%
183/4
18%
18%
ft
19%
49%
49%
42
42
14%
49%
ft-:42 .ft
3016.
14
14%
*14
14%
106%
106
1063/4
*106
49%
41%
48
48%
42
41%
•••ft-41 -'ft
200
15,200
,
.6,800
120
.43%
41
20
:
106%
50%
700
1,000
207/a
18%
v,
1,100
-
139%
*20%
106
JNd pat
preferred—
180
55 prfef—100
Pow
&
& Coke 5%
pfd
100
29
——
preferred—-
—
25
*
Vfsking COrp (The)' class A—.U—5.
Vplcan Detjnniog X»—__100
100
Wabash
-ft
22%
20%
14 V*
Chemical
div partlc
El
ft%
.
75
•54.
preferred
Preferred
*205/a
10b Va
i
2.50
new
Virginian Ry Co—
500
185
22%
cum
Va Iron Coal
1,400
500
*160
54
6%
Va
90
I
*174
*74%'
3%%
;
50%
Co
Co.6%
Sugar
non-cum
va-OarciiiAi
j 1,700
43
2.50
——10
preferred—-—100
Victor Chemical Works.^ii».4.wi
8
30
ft
104
ft
ft
Chemical
5%
23,500
121
No par
Oo Inc__—..
RR
Waldorf
System
ft 4%
preferred
Div
redeem
Apr 26
86
64
Sep
78
Nov
18
Jan
22
227/8 May 28
13%
Jan
20 ft;
Deo
par
39
Jan
2
54
30%
Jan
42
Dec
100
G
&
105
Apr
12
111
par
98
Feb
26
No par
W
preferred
Co
20
Jan
3
141% May 27
2IV4 Feb 21
13
No
No par
Baking Co
5 % %
Warner
Bros
Warren
Fdy
100
Plctures.
&
Pipe..
Feb
Apr
21
29
Mar 26
Jan
3
xll'% Mar
r
preferred
600
72
par
No
(Hiram)
aiworth
Ward
100
No
preferred
Walker
20,100
;ft-.
4%%
Walgreen Co
15
15 V* Apr
5
103 V* Jan
3
107% Feb
Aug
61% Mar
19
20
31
Jan
3
56
Anr
35
Mar 15
50
Jan
16
ft
24
par
110 Va
Sep
110
Dec
Sep
20%
8%
19% May 31
5
—No
105
Jan
14%
Dec
8%
91%
Oct
16%
Dec
Oct
105%
Mar
35%
Dec
50
Dec
13
,
?
29% Apr
ft
Dec
16%
9% Jan
35
Dec*
39
7% Jan
9% Jfi.n 28
128
7
70%
v
6% Mar
Feb 11
Feb
"
34% No#
Vicks Shrove & Pac
V1.000
j
11%;!2%
*95ftft 973/8
.493/4
49%
*74%
22%
52%
49%
S
*42
43
175
493/4
51%
*107% 107%;
•165
page
ft ft
Raalte
Vick
700
30
973/4
95%
I
V
•174
see
YORK
Vertientes-Camaguey
6,900
f
49
footnotes
89
166
7 V* Mar 20
1
Vanadium Oorp of Am
Van Norman Co.
Van
600
115
121% 122
*100
s
113%
49
For
4
■;
;i 97% Feb
21.,
...100
EXCHANGE
-
1,600
ft,.,
*112%
i',11%
14
Jan
Jan
'
Dec
Nov
Novft: I
115% De&
30 V* Mar
STOCKS
NEW
'
3,700
25%
*112%
12%
»
-
58 ft, 58ft;
21%
21%
50 3/4
50 3/4
115 V
11%
104
33
253/s
...
113%
53
52%
33
25 %"
51
ir-TTi'%
108%
50-
100
••;.
Jan
38%
187
v
Pictures Co Inc
28
50
80
Apr 22
Feb
6
84% Feb
6
4
Mar 19
6
preferred
Shares
*112%
*107%
*74%
4%%
the Week
*112%
1073/4
42 V*
Universal
•
Friday
:
*107%
"94%
95%
122
122
•
-
140
May 31
33%-34
107%
•97
17,900
99 Va
64 % Mar
171
83 :
May 29
r}79% Jan
3
1——No par
107%
•
:
13% Jan
May 22
Apr
21
Drefprred
115
May
I
« «
Jan
77
4
84
1
Universal Leaf Tob
77
May 29
64
106
90
26%
Oct
16% May 20
Universal-Cyclops Steel Corp.
290
Jan
Apr
14 5/8 May 31
May
Inc
13% Dec;
16%
60% Jan 12
Feb 26
par
Laboratories
Nov
11%
60 V* May 31
41
26
No
112
103 Va
22% May 21
12% Jan 11
Mar 13
No par
preferred
Oct
6% Mar
13% Jan 29
44
Jan 29
67% Mar 13
23
Dec
2
.62
10% May 27
51
154
"
Nov
52
106%
47% Apr 20.
95 ' Apr 20
2
50
'
Oct /ft
25
21
204 V* Mar
2
100
preferred
52% Dec
120
Jan
Jan
132
26
50
No par
■•
conv
Feb
9% Mar 14
Universal
1,900
t
47 V4
100
'
Jurt
■
24%
107%
—lo
—
—...
non-cum
$6
'2,000
May 30
fper share
32
v
100
*
Thursday
f.
28
Stookyards CoU)^..,
1
•United Stores $4.20 non-c 2d pfd-5
3,900'
19%
*99
59% Feb
1
14%
29 Va Feb
26
_1
——
108
11
Feb
United
PRICES
Wednesday
May 29
55%
ft 113
i
;
25%
46%
993/a
SALE
May 28
25%
47%
98%
Tuesday
$ per share
share
46%
98%
Monday
May 27
May 25
$ pet
48%
18'/a
116%
v
;i
U S Tobacco Co
13,200
102T
194
99 V*
1.93
*190
17%
>115
Jan
26
———10
1st preferred^.
non-cum
Preferred
| 3,400
'
1
*115
Co
199
20
50% Nov
-
88% Jun ftft;
17% Dec
Mar
22
32% May 2&
j
6
108
-.10
Smelting Ref & Mln-i
ft'r-X
8 Va
18 Va
—-
Preferred ft—,
O 8 Steel Corp—ft.
40,500
160%
closed
162
4
205/a May
36% Apr
13% Jan
-
Ruober
Feb
106 t
3
47% Mar 13
Plywood Corp—
Realty Sheraton Corp.
8%
U S
Jan
No par
1
Preferred
200
"23
No par
No par
Co
v
Nov-
5
Jan
13%
.
18% May 17
20
U 8 Pipe & Foundry
U S Playing Card CO
2,000
•
day
91%
161
EXCHANGE
stock
Leather
Deo
89% Mar
15V« Apr 26
._5
SO
Partic & conv cl A
Dec
13
25% Nov
10% May
33% Jan
.
10
6
Dec
Deo
36
9% Jan
66 ; Jan
9
16% May 24
Dec
40
82
1% Jan
76% May 22
110
Jan 23
100
preferred
'
178%
711/4
72
83%
D S
600
781/4
--No par
No p«*
U S Lines Co—
13,600
15
78%
V*'
85
70%
*84
11
106% Mar
No par
Freight Co
S
i
10%
,11%
£
U S Industrial Chemicals
39%
28
62%
Jan
38%
16
Jan
6
—2.50
Hoffman Mach Corp
5%% conv preferred
460
^6%
Foreign. Secur
7%
'
,
Rexall'Drug, Inc-L
$4.50 preferred 'iLLL
205
45%
3
47% Mar
ft
17
21% Feb
38% Dec
>
Dec,:
120
26% Feb
7% July
22 ' July
28
56
:
22% Mar
7% Jan 29
55 V* May 21
153% Apr
30% Apr
Sep
66
12
Jan
Aug
;
Nov
45% Nov
31% Jan
13 V
9% Mar 13
U 8 Gypsum Co—
*45 V4
23 V4 Jan
V* Apr
27%''Deo
Aug
25
104
;
1 /
16V* Jan
3
1
com
29
■
May
85
45% Mar 11
100
40
U S &
;
Mar 13
Improvement Co.—13%
2,000
6,200
17
7
T»qnprbnnrd-*./ftft,
United
11%
11%
—8
151
*
112% Dec
18
28% Apr
71% Mar 16
110 V* Jan
2,100
1,300
12'
20% Jan
109%: Jan
91% Apr 23
40
3
165/aJan
Jan
9
57V* May 10
3
No par
preferred
17,500
"38%
21
Engineering & Fdy
24
*202%
60%
United
91%
60
4»/a Jan
47% Jan
'
v54% Jan
,
100% Jan
7
37% Jan 28
119
12
r*
United
132
205
*45'/4
;29
2
Jan
,__5
Cos—
1,600
108
*202%
r911/2
Corp
Coal
1,900
5%
24
May 1
May 11
168% Feb
20
11 Va Jan
liVt Jan,
78% Jan
111% July
;
17
120 V* Mar 11
42 V* Jan
9
"26
.100
Electric
32
131
46%
Dyewood
Preferred
United
31%
*23%
94
260
Feb
30 ;* Feb
^5
preference
69
*106'/a
205
$3
73
__1
United Corp common
"
25
45%
«20
"
132
93%
preferred
<
108
45%
Prior
17%
24'/4
91
par
-131/4
131%
44%
No
13V4
32%
90
Co
17%
-
24%
130
Carbon
109%
131 %
24%
129%
31%
par
27V4
*108%
13%
16%
No
United
2,100
54%
x68 %
109%
'
Co
r
2,500
150
26%
2
,
Biscuit
'
2,800
■
26
27% Apr
2
109s/a Apr 13
37% May. 3
33 V* Feb 25
United
112,900i
23 Va Feb
140% Jan
5
106
*
54
149V4
27%
X271/4
6%
55
110
25
,_10
-
54
148V4
148
28 %
54%
*79%
81%
20%
6%
54%
14%
20-1/4
14
79
20
6%
54%
Feb
Aircraft Corp
United-Carr Fast Corp
No par :
United Cigar-Whelan Stores
30c
800
54%
100 ;
16
115% Jan
37% Feb 26
United
14,200
25%
:
May 28
No par
1,000
14%
May 29
Apr 18
23% Apr
,112% Jan 24
United
.
14%
39
125
_100
1,200
*38%
..
3
112
TOO
preferred
3
23Jan
983/4,Peb 26
•ft
5% conv preferred
United Air Lines Inc
300
10,500
54
*88%
.
•
non-cum
Union Tank Car
17,600
!
15
20
31%
31
14%
79
>108%
111%
41%
4%
2.400
25%
6%
53
21%
111%
39%
Union Pacific RR Co
400
15
54%,
14%
148
2.400
'
40%
31%
90%
Mo pfd $4.50 ser No Par
No par
^35
80% May 27
17% Apr
No par
No vat l
Union Oil of California
;
111%
*38%
39%
Co of
5.200
14%
54%
14%
54
14
89
*38%
El
Mar 15
5
Preferrd $3.70 series
30
114
54
54
Un
200
28%
156%
40
30%
111 %
Union Carbide & Carb
107%
114
41%
X3l
7.600
-
No par
Co
"
112%
*
Underwood Corp
Union Asbestos Rubber
Union Bag & Paper
112
107%
115
5.900
.
memorial
*106%
28%
160
40%
40
'
day
158
156
"114%
•I'
80%
Feb
Dec.
?
«
'■foxi'A;
^arW1'w
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, June *3,1946
NEW YORK STOCK RECORD
STOCKS
LOW AND HIGH SALE PRICES
Saturday
;,-yMay.21
$ per
I per share
39
14%
15
J
88%
V-43%
:
897a
437a
4374
114
114.
*115
48
48
115
*114%
25%
86
11
117a
27
39
35
357a
43
5474
43 %
44%
53
44%
105%
447a
1057a 10574
447a
105%
*70 7a
74
.*70%
106
*1031/4
106
60%
f 103%
v; 42%
61
607a
104% 104%
597a
:
41
<
r
:207a. 20%
96%
97
*34
357a
1274
2374
1974
117a
227a
1974
104%
44
5
40
41
20%
397a
3974
20%
12%
23%
23
19%
*100
*9474 100
19
19%
*150
50%
61%
637a
63%
987a
98%
10274
887a
787a
*100%
102%
*97
*100%
'*87
79
v
79
Jan
2
Jan
3
115% Jan
4
122% Feb
6%
preferred^i-.^-;^—,400
West Penn Power 4%% pfd——100
110
5.200
Western Auto Supply Co———10
Western Maryland Ry
.100
2774
-•
54
547a
387a
•
4%
500
387a
9.500
Class B
25
*22
36
44
52%
54
4478
4478
*10574
10672
Preferred
$3.75 preferred
1974
97
$4
36
Prior
Jan 29
per annum
US
4-7 Week Ended May 31, 1946
Saturday
Monday
Tuesday—
Wednesday
Thursday—
Friday
Raftroad
andMisceU
Bonds -
Number of
,
; Shares
,
1,726,259
2,215,430
1,996,750
j 1
1,308,290
—,
—
—
——
.
;
Jan
11
Jan
16
101% Aug
62% May 29
105
Apr 17
28
31% Jan
877a Jan
21% Jan
26% Jan
207a May 27
May 27
8% Jan
83 % Jan
36
30
35
Oct
12
Dec
27 74 Feb
26
44
May 28
44
Jan
13% Mar 13
84
Mar 23
x33% Jan
97'
17
May 21
17
187a May 17
100
142
34
Mar
21% Feb
5
Feb
26
142
•
507a Feb 26
10
Mar
Foreign ^
Bonds
'
52
Week Ended May 31
1946
-
.
;
.
7
9
103
83
May
4
Apr 18
207a Jan
4
No par
"76
0
26% Jun
197a Nov
Jan
22
138% Dec
37
Nov
537a Dec
Jan
Jan
Jan
70
Nov
100
Nov
10074 Nov
Jan
110
Nov
84
Oct
69% Mar
13
Jan
2374 Deo
No par
42% Jan 15
1474 Apr 18
toaafc sal*.
• Special sales,
wd When distributed.
y Xx-rlghts.
x-Ex-dlvldends.
Stocks
Exchange
,
$6,000
13,000
21,000
!*
$3,587,500
5,024,000
4,425,000
Week Ended May 31,1946
,
3,400
2,921,400
$15,957,900
Shares)
Domestic
764,565
Saturday—;
165,000
311,000
Exchange Closed
$95,000
594,455
$945,000
21,000
1,000
V
Week Ended May 31
1946
1945
1945
$378,000
198,000
404,000
$3,000
$239,000
"
208,000
$4,000
$1,188,000
Jan. 1 to May 31
1946
1945
1,609,730
78,283,455
47,922,600
$1,971,000
$36,139,000
$68,535,000
1,120,000
23,000
6,351,000
',258,000
.,
$i,i88,ooo • $3,114,000
$42,743,000
$91,839,000
—«
3,312,070
——
$945,000
—-
239,000
4,000
Bonds
173,103,231
160,823,764
$17,001,200
37,100,800
$2,834,650
Foreign government——
836,500
$139,600
3,975,500
49,968,260
Foreign corporate—
15,078,000
45,419,200
583,465,500
1,208,706,700
,
Domestic—
$43,400
foreign—
Railroad ft Industrial.
Total———
$15,957,900
;
Total
"
$47,534,300
$637,567,500 $1,261,509,610
-
jt
—
—
,
:'.V,'-y-
NOTE—The
daily official
Bond Volume for
$123,000; May 20, $135,000; May 21, $262,000,
$175,000 the'net total being $1,228,000*
^
last
May
.
week should have
22,
$224,000;
read
May 23,
y<-
v-~:
22,762,000
542,000
follows: May 18,
$309,000; May 24,
as
..
y
.
y. V-
Stock And Bond Averages
the daily closing averages of representative stocks and bonds
listed on the New York Stock Exchange as compiled by Pow, Jones & Co.
Indus-
Date-
25
trials
>
-
20 ■;:-'."-If
Rail-
Utlll-
,
65
Indus-
'Wea
roads
J
Total*.10.''Stocks
First*;
trials
Stock Exchange Closed
10
Second
10
Grade
Grade
UtUl-
Ralls
Ralls
ties
-Total
V
40
Bonds
A
Ask
27—,
209.42
66.65
43.28
78.25
105.28
116.90
99.95
108.85
' 107.75
211.70
68.06
43.71
79.31
105.29
117.14
100.28
108.91
107.91
212.50
67.87
43.74
79.44
105.25
117.39
100.25
108.81
107.93
117.38
100.40
108.88
107.97
30__
Memorial Day
212.28
67.87
43.55
79.34
-
-
105.23
31%
10
49
Brooklyn Trust
100
Central Hanover Bank ft Trust 20
138
143
111%
43%
115%
45%
■
■■
-■■■■.•-
Chase National Bank
Chemical Bank ft Trust——10
CO
Continental Bank ft Trust
Fulton
33%
4.43
15
4.55
■'
51
r'***
Grace National
Guaranty
;
Irving Trust
Kings County TruBt—;
Lawyers Trust
52
Manufacturers Trust Co—
47%
10
20%
22%
National City Bank—
New York Trust
50
Morgan (J P) ft Co Inc
"
Corn Exchange
Bank ft Trust-20
58%
60%
Empire Trust
50; 117
: 122
Fiduciary Trust
10
41%
44%
First National Bank-.^, , ,.... ,1001,790
1,850
.
.
-28
20
Title Guarantee ft Trust
50
61
100
12%
——23
Public Nat'l Bank ft Trust—17%
Sterling National
19%
10
100 1,925
—
44%
;
200
190
*.^-.100
ma
-20
Commercial National Bank ft
Trust
28—
29—
May 31—
Bid
Bank of the Manhattan CO.—10
Bank of New York—-^—100
Bankers Trust
Bonds
10
May
May
May
May
May
Par
are
?
,
Total
•
30,000
186,000
3,312,070
Stocks—No. of shares
,
93,000
Memorial Day
: v
Total—
r
...
$283,000-
1,026,360
926,690
—
Monday—.
Tuesday—*Wednesday——
—
Thursday
——
—Friday
—
«,
v
Bonds (ParValue)
Foreign
Foteign
Government
Corporate
or
6,511,601
7,246,729
30
Dec
Jan
38
79
80
75
May 10
105
Feb
4
82% Apr
1
467a May 20
(Number
Bond
Sales
Bonds
OS. Government.
Below
Jun
18
Total
Government
Bondsi
1946
..
Dec
—1
Jan. 1 to May 31
1945
18
94
2274 Jan
407a Jan
May 31
Feb
93
Dec
Jan
128
Transactions at the New York Curb
$43,400
$836,500.
477a
137a
5
917a Jan
Feb 26
Oct
3174 Dec
Daily, Weekly and Yearly
...
,
103
Dec
107a
7
62% May 29
6974 Apr 10
100
Apr 25
50
Feb
477a
Jan
19% Feb
5
100% Feb 21
99% Jan
-10
,
is.United States
-
78
107% Jan
*
Exchange
Exchange Closed
$3,362,000
$219,500
4,808,000
*
203,000
4,136,000 ■:
268,000 ,
* ,
.
Memorial Day
2,772,000 ;
146,000 :
$15,078,609
7,246,729
etocks—No. of shares.
n New Stock,
per annum
Stocks,
Jan
72
106
3
1674 Mar 13
pfd
Yonngstown Steel Door
DAY
Daily, Weekly and Yearly
>
-
64
43
Dec
1057* Dec
Oct
Young Spring ft Wire.——No par
Youngstown Sheet ft Tube—No par
MEMORIAL
Transactions at the New York Stock
100
26
98% Jan .21
10
Yale ft Towne Mfg. Co
tin receivership, a Deferred delivery,
thereafter.
sales on this day.
until Aug. 1, 1946, 4%
May
Oct
Oct
Jan
Zenith Radio Corp—
25%
July
Aug
July
277a Feb
107% Jan 31
Zanite Products Corp.
♦Bid And asked prices; no
38% Dec
377a May
50% May
45% Dec
Jun
56
35
16% Mar
York Corp
CLOSED
817a
27%
31%
37%
30%
No par
(Del)
57% July
92
26% Jan 16
Wyandotte Worsted Co—
X28%
Jun
35% Feb 26
Worthington P & M (Del)—No par
Prior pfd 4%% series
100
Prior pfd 4%% Conv series—100
Wright Aeronautical
No par
STOCK
37%
Jan
64% Jan
43% Aug
26% Jan
19% Mar 15
Woolworth (P W) Co
EXCHANGE
Feb
30%
1
Woodward Iron Co
6074
13%
4
Mar 26
45
par
Dec
Dee
17
Apr 24
67a Mar
No
-
Jun
12% Jan 29
Co
Jr
81;
14%
97a Mar 14
Motors
preferred
(Wm>
Feb
70
Dec
3%
^
Jan
55
May 24
44% May 18
5
101
20
Wisconsin El Pow Co 6%
Wrlsrlev
Feb
Dec
115
Deo
32% Jan
53% Jan 14
8
103% Jan
1
No par
Wilson & Co Inc
45%
101
40
Jan
,
.—8
Willys-Overland
$4.25
56
2
39
May 7
36% Mar 21
1
Co
Wilson-Jones
32% Jan
2
34% Apr 25
Apr 17
32% Mar 14
22% Mar
106
3
4%
45
preferred
Wilcox Oil
2 ;
Jan
46% Mar
No par
preferred—
conv
57
10
11
35
Jan
9
80% May 14
13% Jan 16
87% Jan
No Par
White Sewing Mach Corp
20
51
Apr
116% Apr
6
32% Mar 13
White Motor Co
*94
118% Dec
39% May
4174
*35 7a
Sep
12 %
4274
1047a
104
Oct
Dec
113%
32% Jan 14
40% May 31
39% Jan 30
41
60
Nov
119% May 16
22
4274
74
106
59
Nov
118%
112
23% Mar 30
12.50
—
89% Nov
37
113y4
Jan
9% Mar 15
Wheeling ft Lake Erie Ry
100
5 Mi % conv preferred
-100
Wheeling Steel Corp_
No par
$5 conv prior pref
No par
White Dental Mfg (The S S)
20
*7074
*10374
6
12%
-
Elec Instrument
Westvaco Chlorine Prod—
Weston
16% Dec
38% Nov
101
„
100
Westlnghouse Electric Corp
357a
437a
Jan
84% Apr
23% Mar
100% Jan
109% Jan
114% May 18
24% May
No par
No par
Westlnghouse Air Brake
4074
40
2nd preferred
non-cum
May
Dec
23
_l
Western Pacific RR Co com—No par
Preferred series A
100
Western Union Teleg class A-No par
2.500
200
98
21% Nov
Apr 23
35% Feb 26
112% Jan
7
100
1174
Jan
115
No par
preferred —:
Air Lines, Inc
1.900
2774
9
24
.
45
Apr, 30
117% Apr 30
837a
*9772
34
CLOSED
36
112
11
2474
STOCK
EXCHANGE
16% Apr 20
41% Feb
l
88% May 17
82
51%
62%
66
45
3
85% Mar 15
Western
*99% 101
*87"
87%
78
"
78%
45%
33% Jan
1.200
*97% 100
V
87%
87
44%
787a
1
64%
98%
*62
12% Mar 14
No par
No par
25%
165
51%
61%
*65%
51
60%
o
25
...1
4%%
20
,
Inc
West Va Pulp & Pap Co.
2,700
51
115
Tobacco
conv
2574
12%
24%
19%
*150
165
60%
60%
r
60
1001/4
19%
19%
19%
*•..
80
100
100%
'
Dec
9
West Penn Electric class A—No par
7% preferred
100
100
51
97
36
35%
12
23%
19%
35%
'■><?- 12%
1157a
20%
19%
35%
47%
preferred
West Indies Sugar Corp
50
11474
98
*95
98
">95
47% Jan 31
$4
7.200
1157a
*70%
74
*1031/4 106
60%
62%
104% 104%
421/4
43%
40%
41%
74
*103 7a
4174
.
35%
43
X52%
Feb
Webster
11774
11872 119
113% 1137a
38%
39%
*23%
25
39%
40%
35%
36
43%
43%
52
52%
44%
441/4
*105% 106%
25
39%
Dec
40
Wesson Oil & Snowdrift
55%
98
97%
39%
,35
,
54%
32
33%
1
100
28
*26
V
55%
39
437a
54
27%
v
37%
:V
387a
11%
*23%
>
25
11%
97%
387a
3774
*22
84%
54%
9874
*97
86
24% Jan
20
Mar
30% Jan
1.200
25%
86%,
11%
25
27Mi
'
5574
54
25%
11%
86
*25
115
86
257a
14% Aug
34% Feb 16
2,000
41
113%
115%
49%
•
Apr 27
35% Mar 14
May 18t
907a
*116 7a
113%
115% 115%
49%
51
*114% 115
1157a
30
Jan
28
147a
DAY
Highest
$ per share
30
3974
MEMORIAL
120
18% Jan 24
r
$ per share
9
147a
EXCHANGE
CLOSED
9
No par
Washington Gas Lt Co
38%
STOCK
391/2
89%
42%.
117
*119
300
*88V8
14%
39
*88%
x41%
116%
$ per share
Wayne Pump Co
1.100
119
4774
!
447a
119
257a
40
*44
116%
*11474
>
44%
39%
88%
43%
I per share
Lowest
Waukesha Motor Co
900
115
1157a
:
-
Highest
Par
Warren Petroleum Corp
1.900
327a
119
.
*11372
.
28%
337a
32
116%
♦1167a 117
119
33
32%
'14%
15
39
39
•877a
CLOSED
28%
33
Year 1945
Lowest
Shares
t per share
287a
Range Since January 1
EXCHANGE
the Week
44
<
43%
,
$ per share
per sharp
Range for Previous
NEW YORK STOCK
Sales for
Friday
May 31
*28
*32%
*32%
32%
-33-
43
43
.
28%
28%
31 !
Vf
Thursday
May 30
May 20 /
1
.
share
31%
*32%
3372
147a
STOCK
EXCHANGE
f per
29
327a
30%
427*
>
May 28
/:
share
*2878
Wednesday
Tuesday
Monday
May 25
—25
,12
United States Trust——loo
-;
280
46%
106
43%
89
26%
780
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4495
163
Bond Record
Stock Exchan
c<»
WEEKLY
FRIDAY
1
NOT1CK-—Prloes iire "and interest"—«*cept for income and defaulted bonds,
the week, and when outside of the regular weekly range are shown In a footnote
;■
v.■
BONDS
U.
Stock
S.
Interest
Exchange
Last
Sale Price
2%s
2s__.
2s
2s—
2s
2s
—,
2s
2s—
;
l%s_
1%8
—
23
Series
No.
York
New
3%
No.
Series No.
Series
No.
Series
No.
29.
Series
No.
28
G4%
M-S
'
.1958
f-a
j-d
107.9
.1961
M-S
.1977
M-S
96%
96%
96%
.1978
f-a
mm'
97
97
.1976
a-o
—1975
M-N
107.19
stamped
107.9
External
102.11
107.10
Refunding
101.16
106.15
106.28
109.15
External read) 4%-4%s
Externa] s f 4%-4%s
101.15
106.16
3%
•
10
103.26
j-d
f 4%-4%s
s
f 4%-4%s_
s
external
f $ bonds
s
Canada
j-d
104.30 107.14
100.29
104.16
j-d
101.4
104.7
j-d
102
102
j-d
(Dom of)
25-year 3%s
2%s
AChile
103.9
II
*102.27
1
*102.29
*103.1
103.3
M-S
*103.8
103.10
M-S
j-d
II
103122
*103.15
j-d
.
105.27
*101.13
..
101.15
103.13
103.19 104.26
103.28
*105.25
..
J-D
103.17
*103.18
._
103.13
2
el03.15 el03.15el03.15
j-d
104.3
102.30 104.14
103.4
__
J-D
101.6
__
103.23
II
104.29
101.14 101.31
101.6
10
101.6
IS
s
f 7s
102.17
125%
Feb
1961
Feb
1961
1981
—Jan
1961
assented
AExtl sinking fund 6s
A6s
Sep 1981
Sep 1961
190a
slnklng~fund~6s.l
A 6s assented
-1963
—1957
—1957
1962
i960
°ct 1901
AGtd
sink fund 6s,—.——
1948
A-O
(King of Norway) 4s
1968
AAntloqula (Dept) coll 7s A.,,..,.... 1945
j-j
1945
j-j
Akershus
7s series b
AExternal s f
(Rep
A External s f 7s series C—1943
j-j
MM
j-j
"mm
AExternal sec a
1957
f 7s 2d series—1957
AExternal
f 7s 3rd series—1957
sec
s
A-O
loan
A-O
8 f external 4%s
S f conv
loan 4%s—
Feb
loan 4s Apr
S f extl conv loan 4s
8 f extl conv
'
130
:
M-N
j-j
AEstonia
33
French Republic 7s stamped
Is unstamped
32%
33%
30%
MM
109
27
101% 102%
131%
3
M-N
1941
5%s 1st series—
5%s 2d series
M-S
*99%
2
100 Va
*102%
(Republic of)
16
•i.
^
.1961
M-S
a-o
*101 Va 105
.1969
a-o
*
j-j
.1949
M-S
*
.1949
j-d
*103 Va
101% 103
■
3
101%
103
101
103
101 Va 105
*34%
50
50
105 Va
MM
107
MM
76
v
'
A-O
1957
1979
j-d
1978
110%
111%
MM.
115%
64%
2
82
60%
83%
""
A-O
1952
part
.1964
paid
paid
.1968
s
(City)
74%
62%
~2
83%
83%
j-d
75
75%
7
58
75%
83%
83%
3
62%
(Int reduced to 3.375% )
(Central Ry)
5% funding bonds of 1931
Stamped pursuant to Plan A
(Int reduced to 3.375%).
1979
External $ bonds of 1944 {Plan b)—
3%s Series
2»%s Series
-4
^
~
75
2
58
18 Va
16 Va
100
.1960
99
.1660
*103
ext
6%s
:
,
59
77
f 5s
99
2
>
—
:
'
4s readjusted
A Assented
AMexico
«US)
to
Nov.
5.
Series
No.
Series
No.
3
3%s Series No, 6———
No.
12
■■
— —
f!
Series
no.
No.
15
3%s
Series
No
—
14%
24
32%
96%
99%
11
s;T'
.
ii%
:
1043
1942,
agree
1945
Nov.
5,
1942,
21
agree
footnotes
see
80Va
'
i-
..
„
68
*75 Va
11
61%
5
61%
~
'fy?
MM
63
67
MM
>
MM
"-V-
64
-Tnn.
—
3021.
65
*64
>•'
65
V
-
•
64
Vt
*63%
v
80
'
65%
61%
FOREIGN SECURITIES SPECIALISTS
65%
60%
65%
60%
65
50 Broad St., New York 4, N. Y.
63%
60%
y.fji
64%
caajyiaBss & C2ig£
65%
60%
S^13«:.;
MM
64%
*63%
^
80%
60%
•
*64Vi
'U:
79 Va
80
79 Va
77
1
'
MM'
FIRM TRADING MARKETS
74%
78
77%
'
MM
80%
FOREIGN SECURITIES
66
MM
82
*63%
MM
For Financial Institutions
66%
61
MM
'
80 Va
>79%
'MM';;' v;
*
65
*79 Va
MM
.
page
65
Telephone HAnover 2-0050
22
15%
67
'
16
For
61%
.
*79 Va
MM
14
Series
f
MM
•
3%s Series No. 13.
3%s
3%s
}■
T-.rm
11
No.
-
18
MM
'
«»%s 8erles-No. 7— .-±3%s Series .No. *8—^..
3%s Series No. 9
3%s Series No. 10
Series
■
'MM
..
66
65
64%
MM
T-
74
61
64%
MM
—
58
37
*60%
■
——
5--.;
—'
65%
64%
MM
No. 4—--——...a,,.—.'
3%s Series
77
104%
extl 5s of 1899 t—1943
to
99
30
1
,
•
AAssenting 5s of 1899—
AAssented
19%
102
6
1954
Mexican Irrigation—
A4%s stamped assented
22
102
95%
'"jmm *■[£
AJugoslavla (State Mtge bk) 7s
1057
(Colombia) 6 %s^MM.«1954
(Prov)
15
100
AMedellin
Mendoza
17%
15
81
1
s
ft 13
16%
100%
75
65
I *84%
75%
MM
—
Series
3%s
;
65
3%s
3%s
J
77
A-O
No. 1——
No. 2
3%s
111
>
83%
75
83 Vi
18
t 6s series A— .1952
Irish Free State extl
"
A-O
-
110
105
1
*76
—
part
(Republic)
Helslngfors
103%
22
MM
*114
j-d
1979
Stamped pursuant to Plan A
(Int reduced to 3.5%)
50%
105
~
Stamped pursuant to Plan A
A7s
101%
*101%'
.1967
7s
96
^100
104
:
90% 100%
102% 102%
101% 101%
*101%
a-o*
101
98% 101
20
101% 101%
.1969
———.
^
__
101 Va 101%
99
.167 Va
V* :.;.98
101%
115
113
162
lOl'i
100 Va
\
112
*99%
•
108%
110
viW ■/
a-o
■
2
97%
39
108
104
113%
106%
101
Haiti
110%
103%
76
A-O
102
106%
110% 110%
j-d
1957
96%
A6s
102%
28
102% 102%
MM
'J*
u
96%
17
*110%
r..;*
.
A7s
104%
105% 106%
i;
102%
;
101
110% 110%
110%
...
1978
100% 104
13
106%
j-d
'
33
6
:
1955
Stamped pursuant to Plan A
;
(Int reduoea to 3.375%)
AExternal s t b%s of 1927
30%
2
11
M-S
(ABrazil (US of) external 8s
Stamped pursuant to Plan A
(Int reduced to 3.5%)
AExternal s f t»%s of 1926-.
37%
37%
33 %
103% 103%
J-J
.J
36%
36%
30%
103% 103%
M-S
1955
f 7s.
5%B——. .1940
5
> 101% 3 101% 101%
A-O
1949
s
Customs Admin 5V2S 2d series
sink fund
1
123% 131%
-MM
External g 4%s of 1828..
External
37%
103%
F-A
Belgium external B%8-—,
f 6s
SA2d
103%
r
M-N
1950
s
38
37%
106
'a*
>167,
J~J:
a-o
33%
106
110
*100
a-o
f-a
88%
14
—
*103
113%
9
98
35%
*106Ve
a-o
External gold 4%s_
.1962
IADominican Rep Cust Ad 5%s—, .1942
J A 1st series 5%s of 1926
.1940
,
--
100
Greek Government—
——1948
1971
1972
1972
Australia (Commonw'lth) 5s of *25.1955
External 5s of. 1927^m-w,..1957
External
'
—i—.
36%
32%
MM
j-d
5%s.
36%
MM
>4:'mm
■:$^'^MM
J-D'
.1955
series
*55
*55
28
*55
MM
j-j
97% 104%
*32%
MM
A-O
external 5s
1958
(National Government)—
AAntwerp (City)
Argentine
I" ■' '
gold
100
1
'
67%
MM
F-A
.
37
''
•MM
67 Va
—
j-d
•
85%
*84
MM
67%
M-S
wks
External
85%
MM
33%
.1953
8
37%
r
28
91
10
30
27
18%
28
27%
*95%
-1977
3
33%
27%
*—
—
M-N
.1949
19
37%
,
27%
28%
29
22 Va
M-N
debt..
29
21%
*23
100
4%s
external
37%
*32%
MM
'.'K
.1951
37%
102
MM
M-N
(Republic of) 5s of 1914— -1949
29%
23%
j-d
7s
37%
■x
"l
23 %
29
21
28%
1952
of)
28%
23%
1
<N 00
f-a
5s
28%
?3%
28%
a-o
1947
30%
20 Va
4
28%
25%
4"
—
—1947
37%
102
37%
,
AExternal a t 7» series P.——.—1945
82
28%
...
a-o
1940
2
29%
1
j- j
37%
M-S
AExternal a t 7s 1st series
77
*81
%
30%
21
"yXri
30
.1953
(City)
Rica
External
79%
»
29%
30%
21%
19
29%
-''-fa" '•; *
28%
a-o
1961
1970
3<Jya
22%
21%
29%
*28%
'mm
v'
j-d
bonds
30
21%
28%' 28%
•-
M-S
Jan
f $
s
30 %
30%
24 %
29%
M-S
——1961
5s
30%
21%
22
29%
29%
M-N
25-year gold 4%s
77
21%
22
15
M-N
1900
%
30%
30%
30%
24'A
a-o
190a
—1
Copenhagen
*81
„
29%
a-o
1961
5%s
.1943
Bp-;
A Czechoslovakia
(Rep of ) 8s ser A. .1951
ASInking fund 8s series B
.1952
IA Denmark: 20-year extl 68L
.1942
F-A
21%
*29
29%
j-d
—1961
fiund isl
AColombia Mtge Bank 6%s
ASInking fund 7s of 1920
ASInking fund 7s of 1927
,
29%
29%
j-d
.—1961
1927_
3s external
A Public
(Colombia)—
;
1947
•
MM
j-d
Sinking fund 5%s-
Municipal
'
(Republic of)—
a«s of
°l
4%s
4
j-d
.—1961
(Hukuang Ry)
A6s
NY 1-1603
15
29%
30
24 %
30
29%
21%
1
30
16
29%
M-N
"
—
30
22
M-N
assented
Colombia
Broadway, New York
102%
47 >63%
M-S
*•1963
AChile Mortgage Bank 6%s.
A6%s assented
ACosta
114%
100%
3
29%
29%
29%
a-o
A6s assented
AExternal
MM
29% 0
a-o
AExternal sinking fund 6s
Cuba
111%
A ' '
30
M-S
1962
assented
A7s assented
Teletype
-'
•
24 %
j-j
A6s
AChlnese
Members New York Stock Exchange
;
j-j
AGuaranteed sink fund 6s
Wertheim & Co.
2
-
110% 112%
21%
f-a
Jan
f 6s—
s
82
8
47%
30
29%
f-a
assented
AChilean Cons Munic 7s
O
a-o
97%
100
74%
80%
29%
47..;*
97
90%
100% 100%
29%
96%
88'/3
•"
-'4
a-o
1900
A6s assented.
Foreign Securities
MM
"
M-N
I960
sinking fund 6s
ARy external
A6s
98
47
96 y*
87
M-N
194a
AGuaranteed sink
120%
49
121% 122%
65 y8
~9 ••:■;?
112% 112%
MM
47% >
104
86 %'
'
110V4 110%
MM
j-j
103
102
*98% 100
110%
j-j
1942
A6%s assented
121%
*97 Va
*78%
j-j
194a
assented
A6s
102.31
M-S
103.7
A 6s
AXxtl
103.9
M-S
j-d
1901
.
Jan
'mm
MM
a-o*,
8sII_._Ll954
(City)
(Rep) External
100
MM
j -j
64%
102 %
101
—■
*96 Va
MM
i960
„
47s assented
j-d
'
30-yr 4s
ACarlsbad
•
„
*102%
102 V2 102%
1984
AExternal sinking fund 6s
M-S
j-d
'
—
-^fH{.»103%-
Bpenos Aires (Province of)—
102.11
__
j-d
60%
.1950
102.22
14
j-d
65
64%
69
Sinking fund gold 6s
1
__
64%
60 Va
61
(City) s f 5s__
Sinking fund gold 5s
3
j-d
60 Va
64%
107.4
A6s
65
65%
64
v
.,.'>>63%
—
M-S
65
61
•
103
1
j-d
60%
65
63%
64%
64i;H 64%
—
1957
•
60%
*63%
.->63% -.i,::
*63% 66
'
30
City
Ss
65%
107.27
105.22
__
Corporate Stock—
Foreign Govt.
65
60 Va
*63%
3%s
Issue—
Agricultural Mtge Bank
AGtd sink fund 6a.,.,
65%
60 Va
*
104.9
II
j-d
120
60 Va
65 V
^
Brisbane
Af-S
j-d
M-S
REctor 2-2300
66
60%
63% e64
26
3%s
j-d
Telephone
>64%
,
63%
ASInking fund 6%s
Transit Unification
60%
25
Series
64%
_
22
3%s
107.5
High
60%
>63%
21
No.
106
105.31
..
Low
*64'/4
-
—
j-d
June 1952-1954
Dec 1952-1954
....1953-195A
June 15 1948
1950
2s
2s_—
2s—
No.
No.
Series
3%s
Jf-S
1951-1953
Series
Series
107.15
106
January 1
No.
63
'
20
3%s
106.16
High
*63%; 64%:
*63% -,
'
';
—
-
Range Since
Sold
64%' 64%
~
19———„
3%s
M-S
-—-.1951-1953
——
2s
Low
18
No.
Bid & Asked
f 3%s Series No. 24
M-S
?
No.
Series
Bonds
or
•.
17
3%s
j-d
;
No.
3%s
M-S
June 1959-1962
Dec 1959-1962
L,
—.-1947
Mar 1948-1950
—Dec 1948-1950
Jun 1949-1951
..Sep 1949-1951
—Dec 1949-1951
Mar 1950-1952
.Sept 1950-1952
V
Week's Range
Thursday's.
Last
Sale Price
>-.>>>;•.1
(Continued) -
3%s
M-S
:
Series
.'3%s
;
j-d /;
1956-1959
2%s
:
j-d
1954-1956
Period
•
Friday
Interest
:'MMUi'-.-l.
—
M-S
r
Exchange
-
3%« Series No.
^
•
Jf-S
>
Series
3%s
M-a
-
Treasury 2%s
2%s
Brazil (Continued)
External $ bonds
•
j-d
-
Stock
■,:
3%s
M-S
.
York
>>>-■■
•
104.27
j-d
j-d
—
Treasury
New
High
j-d
—
2s
2s
Sold
A-O
.
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
.'
Range Since
January 1
Bonds
Friday's
Bid & Asked
■Low
n
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
or
it
only truaHWu
for the year.
•v-v
range for week ending may si '
Government
Treasury
1947-1B5>
Treasury 3yas
1946-1949
Treasury
■
iqaq-tqrq
Treasury a*
Toafunua
Treasury a*. v~
• losi-iasa
Treasury si%n
,
i oss-i oan
Treasury 2%s
1948-1951
Treasury 2%s
1951-1954
Treasury 2%s
1956-1959
Treasury 2%s
1958-1963
Treasury 2%s
1960-1963
Treasury 2%s
1948
Treasury 2%s_
1949-1953
Treasury 2%s
1950-1952
Treasury 2VaS
1952-1954
treasury10rfi.1qs8
Treasury 2%s
_1062-1967
Treasury 2%s w.~-^~~~~~~!S63-1968
Treasury 2%sMM»~.«.»..June 1964-1969
Treasury 2 %s
JDec» 1964-1969
Treasury 2%s
—1965^1970
Treasury ?%s
1966-1971
Treasury 2%s
—.-.-.. June
1967-1972
Treasury 2%s
——Sept 1967-1972
Treasury 2%s„_..—
Dec 1967-1972
Treasury 2%s
1951-1953
Treasury 2%s__.
..1952-1953
YEARLY
Cash and deferred daUvary aalee are disregarded Hi thrweek*f range, nnliM ttejr are. the
in the week In which they occur. No account is taken of snob sales In computing the range
Week's Range
Friday
-
Period
York
.
eaoh ease the month when the hand# mature.
The italic letters In the column beaded 'Interest Period'? indicate In
New
3017
Teletype N. Y. 1-971
V
-
P
16%
:
;k':"
;//K"
Ji:-if}-;y;/
i;^4-
j.:!/
3018
THE COMMERCIAL & FINANCIAL CHRONICLE
i'"'
Monday, June 3, 1946
—*
NEW YORK BOND RECORD
; ?
iWf
RANGE FOR WEEK ENDING MAY 31
r
,
Week's Range
Friday
BONDS
York
Stock
Interest
Exchange
Last
Period
New
Sale Price
or
Railroad
Klbany Perfor Wrap Pap 6s_
A-O
103
103
A-O
*102
105
4y2s__1975
A-O
—1998
A-C
2030
M-3
109%
109
109%
68
M-S
157%
154% 15>%
94
Albany
PFLUGFELDER, BAMPTON & RUST
Telephone—DIgby
New
York
& Susquehanna RR
<u' West 1st gtd 4s
4-4933
Stock
$.•''';*•'? v-;%i'An'/• K';t
r /' '<
A
f
A?;>
«
Last
Period
Sale Price
».T
*'/'
1
.
•' 'j
a
r>
*
Assenting
4s oi
* Assenting 4s
A^Assente<^
^ lATreasury ,6s
;i
A Assented
to
1904...
5,
_1954
1942,
Nov.
6,
i
s
6%s...
1951
_
(Int
f
s
6%s.^.,.^-1959
Stamped pursuant to Plan A
A 6s
(City)
series
New Soutn
External
External
Norway
16
f
14%
15
42
~i
40
1
37
1__
M-3
101 y2102 y8
(Rep)
extl
101
f 5s
103%
6
101
107%
3
100
Ext
107 J/4
*104y8 105
J-D
*102%
Apernambuco
Stamped
(Int
APeru
A-O
99%
99% 100 y2
17
(Rep ot)
*105%
—1947
M-3
42
M-S
external
(Rep
7s
7s
.1959
f 6s 1st ser—1960
s
8 f 6s 2d ser—1961
of)
gold 6s
—
loan
A4y2s assented
24%
A-O
&
mortgage 3%s
~1
42
42
*19
25 V2
6
24
*31
Refining
J-J
*25
J-J
22%
18%
19%
—
30
*45
47
43
43
J-3
41
42
A-O
*—
50
A-O
*—
45
41
42
40%
48
c
reduced
2.5%)
gold
Stamped pursuant to Plan
(Int reduced to 2%).
reduced
to
45
reduced
to
(State)
.
..
.
to
M-3
99
—
—
99
3
95%
53
53
1
48
M-N
40
1930
*38%
J-3
—
—
*65
—
1999
J-J
J-3
*65
J -J
*63
71
58
58
*63
37%
57
85%
98%
84%
96%
F-A
74%
73%
75'/4
144
M-n
__
3-J
100
99
41
70'/a
881/4
99
103
104%
99'/2 100
80
99%
103
103
7
102%
102
103
5
102 Va 103
99%
103
1021/8
13
104
98% 104%
*102% 102
...
*100% 102
—
—
M-S
*__
J-J
101%
101
102%
—
102%
105%
108%
106%
106%
106%
*106%
A-O
133%
101
106
*108
1960
130%
107%
19
103% 103%
103%
106%
53
99
70
71%
51
69
66%
70
22
66%
100% 100%
100 3/4
1
F-A
70
M-N
;
105 »/8
— —
22
132% 133 Ve
132%
M-N
..1961
98
*103
1955
1966
1950
M-N
1969
M-S
*106%
F-A
1947
M-S
M-N
8
104%
104
104%
104
84%
85
106%
104%
106'/a
105%
107%
15
105%
107 y8
9
104 Ve
106%
--
1
105% 105%
104 Ve 104'/4
106
106
—
of
m-n
84%
84%
851/4
60
83
a-o
51
51
51%
29
48%
1952
a"o
5s
92%
58
54
*..
53
106
107
103
deposit..
105%
106%
——
—
105%
*104
106
104
1934
103'/a
6
1955
J-J
1960
a-0
*108%
1968
a-0
*__
108
a-0
121
121
3
*106% 107%
M-N
Elec
Power
3%s
56%
104
107%
—
—
98
103%
109
104%
65
Guaranteed
3-J
*55
J-3
56
56
"2
3-J
54
54
1
61%
60
61
M-N
14
14
14%
13%
14
14
14
6
13
124
121% 121%
7
121
123%
114% 114%
9
114
116%
10
100&
102'%
14
108%
121
107%
109
.1958
J-D
23
23
23
1
23
1958
J-D
*18
19
1955
F-A
1940
F-A
*120
I960
M-N
*115
103% 103 %
1
17%
102
120
121%
115
....1951
F-A
1946
J-D
100,'ff
100 Ja 100
F-A
114%
114
1949
J-J
119
'
..
—
,
115%
118
*_.
105
—
1st
1965
gtd gold 4s_
F-a
A-0
1st
mtge 5s_
108% 108%
M-S
...1981
....1965
3s debs
*..
—
—
105
1948
..Nov
3
88
88
1051/4
J-D
*89
F-A
104
91
104
107
105
87%
96
7
92
1045
38
99%
108
—
.
M-N
83%
81%
25
74%
1959
A-O
28%
27 y4
28%
10
23%
.*1959
A-O
27%
27
28
27
22%
33%
J-D
83
85
16
76
85
3-J
41
41
5
37
44'/4
2
A Ref ft, gen
5y2s series B
5s series C~t
104
Central Illinois Light
120
(ACent New Eng 1st gtd 4s
1961
(ACentral of N J gen gold 5s_j.i-al987
3%s_.—...1966
A-O
83%
87%
33%
108
109%
23
100%
106%
45%
109%
46%
45
42%
44%
45%
55
42%
60%
39%
56
39
52
109% 109%
105
J-J
3-J
105
61%
"
M-N
*115
—
A 5s
—
3%s-4-4V8 %
registered
AGeneral
M-N
1979
M-N
1978
3-D
1978
93
F-A
*88 Va
93%
93%
93 Ve
93
8
A 4s
B6%
94
97
87
96 J
93%
86
94
3-J
*84
1958
F-A
*—
23
F-A
16
16
1
90
JotQ
48—*
registered
Central
———
95%
Guaranteed
83
..
4
18
21%
14
18
41 y2
107% 107%
108%
6
105% 105%
107%
80
107
108%
107%
110
104%
107%
112
110%
113
50
48%
50
*108
F-A
1st & ref series A ' ::r
;
'
*40
*39
A-0
Y Power 3s—
90
j-j
—,1987
.—
Central Pacific 1st ref gtd gold 4S.1949
?'
45
—1987
-.1987
....
83
93 Ya
(4%%
1960
F-A
to Aug 1 1949)———1974
F-A
gold
5s
—
5 A Central RR & Banking Co—
5s
Railroad and Industrial Companies
(Abitibi Power ft Paper—
stamp
*109
j
50
(partial redemption)—1942
48%
I
§A5s
series
A
stamped.
;
10-year deb 4Vis stamped
Alabama
Great
Southern
Alabama
Power
1st
For
footnotes
3y4s_i
page
M-S
*io5y8
J-D
*102%.
1946
mtge 3%s
see
J-D
1948
1947
Toll trust 4s of 1907
3021.
F-A
1967
M-N
1972
J-3
Champion Paper & Fibre deb 3s—1965
Chesapeake & Ohio Ry—
• , .»
;
General gold 4y2s
.—.1992
Ref & impt mtge 3%s D—
1996
Ref ft impt M 3VaS series E
1996
Potts Creek Br "1st 4s_.
1940
R ft A DiV 1st cons gold 4s.
1989
2d consol gold 4s
1989
*104% 105%
J-J
103% 106
.
1953
•Mams Express coll tr gold 4s
110%
109% 110%
100
14
..
100
*104% 105
108% 108 3/4
105%
110%
104%
105%
102%
103%
100
101%
104%
105%
107
109
•
AMobilf Dlv ltffc gold 5s..w.l.M1946
25 ;•
20
•
..
A-0
6
AChatt Div pfcr money gold 4s—1951
20%
external 7s
122%
f A Conspl gold 58^.—^^™^1945
21
M-N
aananfcftA
4
ARef & gen
1962
—.1962
—1984
116%
122% 122'/4
deb stk perpetual
ACent Branch U P
A 1st
extl
conv
2
J-J
gold 4s-(Central bt Georgia Ry—
external
15
4%
Celanese Corp
J
76
conversion
116% 116%
•Carolina Clinch ft Ohio 4s
60
54
64
($ bonds of 1937)—
readjustment
1979
115% 115%
64
54%
6
1964
122 % 122 V*
115%
jjACarolina Central 1st gtd 4s
Certificates of -riftpnRt^
76
.
4%s..
Can Pac Ry
76
extl 7s
gold
69%
Cart ft Adir
to
122%
116%
J-J
■
70
55
108
118% 125
122
125%
J-J
4%s—.......1950
60
~i
10
109
106%
J-D
Canadian Northern Ry deb 6%s
M-S
1968
2012
gold
11
.1955
60
2004
2%)
Guaranteed
71
106%
—
....1970
Guaranteed gold 5s
Guaranteed gold 4%s;
•<
Bydrev 'City) ,s f 5y2s
AU«-tiKU*y (Republic) extl 8s
■
27
37
71
-
71
76
(City)
89%
88%
M-N
71
A-O
AWarsaw
87%
87i/4
A-O
Calif Oregon
43
3.5%)
1978
Serb'. Croats & Slovenes
(Kingdom)—
External
88%
88
1967
mtge 4s series RR
Consolidated
45
50
85
3%-4ya-4ft extl
M-S
M-S
53
*42
2012
4-4y4-4%s extl readjustment
3%s extl readjustment......
103
Bush Term Bldgs 5s gtd
*50
71%
External
91
3-J
Canada Soutnem
2%)
AExternal sink fund 6s
AExternal sink fund 6s
117
100
2
ASileMa (Prov of)
,A4M»s assented
98
1970
Bush Terminal 1st 4s
46%
99
Stamped pursuant to Plan A
i
96%
42
84
sec
97
Power 3y8s
1974
cons gtd 5s a
J 962
Canadian National gold 4%s
1957
Guaranteed gold 5s.
Oct 1969
43
84
secured
99
j-d
1950
5 A 1st & coll 5s
39
84
A7s series B
debentures
ACertificates
A-O
A8s
86
California
48%
40%
105
167
<'
7s
reduced
101%
89%
A-O
Stamped modified
(interest
at
3% to May 1, 1947) due
1957
(Burlington Cedar Rap ft Nor—
40%
M-N
103
88%
1951
2y4s
50
36
1952
102
89%
J-D
47
J-D
102%
3-J
45
1940
(Int
107%
-
Buffalo Rochester ft Pgh Ry—
42%
44
A-O
A-O
1969
49 y*;
1964
Stamped pursuant to Plan A
f
103
j-d
1951
1st mtge 2%s_1975
M -N
1967
A
(Int reduced to 2.25%)
A6s extl dollar loan
s
30
105% 106%
mtge 4%s ser A_—
July 1970
fABoston ft N Y Air L 1st 4s
1955
44
1950
reduced
stamped
Buffalo Niagara El
36%
~2
40
Stamped pursuant to Plan A
(Int
1951
52
43%,
Stamped pursuant to Plan A
s
(Int reduced to 2.5%)
1999
A7s extl water loan
.——1950
IA Secured
38%
105%
38
106
1950
V
(Int reduced to 2.5%).
v
gold; 4s extended to
45
3-D
40
2004
A 8s external.
-
(int at 1% to
•
due..
2000
Alnc
52'/4
J-D
Stamped pursuant to Plan A
,
46%
33%
ser D
40
45
A
8s.
.
1998
Bklyn Edison cons M 3y4s
Bklyn Dnion El 1st gold 5s
Bklyn Union Gas 6s series A
Gen mtge s f 3%s
Stamped pursuant to Plan A
(Int.
1.1946) due
45
—
(Int reduced to 2.375%).—2001
46%s extl secured s f—
1957
lASan Paulo
Dec
38
—
52
2004
Stamped puzsuant to Plan
42%
102%
2
A-O
.I960
1st
1966
Santa Pe external sink funa -is
5 A San Paulo
(City) 8s
113
118%
-
July 1948
1st gold 4%s series JJ
1968
2.25%)
1
103% 103%
3-J
85
103%
2012
municipal loan
Stamped pursuant to Plan A
(Int
101
A
■;j» A 78
;
39
A-O
1999
A7s external loan of 1926—
.:• Stamped
pursuant to Plan
(Int reduced to 2.25%)
^
A-
due—
to
45
F-A
F-A
1940
A 6s external sink
fund
,
1946)
4%
4s s f debentures
1953
to
76
.
—
2012
Stamped pursuant to Plan A
(Int
___
A
Rio Grande do Sul (State
of)—
A8s extl loan of 1921
<.
~4
77
1
(int. at
Boston & Maine 1st 5s A C
1st M 5s series II
50
*_.
2001
6%s
sec
76
*10151 102
A
Stamped pursuant to Plan
(Int reduced to 2%)
34%
34%
1951
2% a
43
1948
77
-July 1948
gold
Bethlehem Steel Corp—
Cons mtge 2%s ser I
45
(City of) 8s
?,
6
107
109%
112
RR—
of Pa 5s series C
42
43
~1
F-A
AExternal
46
J -J
J-3
Beneficial Indus Loan
45
42
M-N
"i
1966
5
45
J -J
4s
24
43
—
;_2001
2.375%)
124
125% 131%
104%
12
109% 109%
112% 113
J -J
Beech Creek Extension 1st 3%s
Bell Telephone
35%
18%
9
1947
to
131% 141
124
~3
24
1952
(Int reduced
54
*104% 107
109%
J-D
....1959
32%
25%
18%
:1960
Stamped pursuant to Plan
1948
debs
8'west Dlv 1st M (int at 3%%
to Jan 1 1947) due
.1950
23
18%
—
extl 6s
Janeiro
M-S
Bangor ft Aroostook RR—
Con ref 4s—
31%
20 y4
APrague (City of Greater) 7Viis
Rio de
M-N
Toledo Cln Dlv ref 4s A_
30%
Queensland (State)
A
;
108
Ry—
4s-i.
2%s
Ohio
mtge
Ref
28
3-D
.2006
46
30%
A-O
1961
44
39
33
A-O
2.25%)
105
3-D
..1963
(int at 1% to
Sep 1 1940) due..
1996
a Conv
due-.
Feb 11960
Pgh L E ft W Va System—
—
24
1947
—.1963
to
98%
25%
24%
Stamped pursuant to Plan A
reduced
1940
July 1952
4s
cons
Sep 1 1946)
75
*18
AExternal loan 7y2s
8
Ref ft gen ser F
~7
A-O
% 44 %8 assented...
1st
mtge gold 4s
102
25%
*—
AExternal sink fund gold 8s—-,_1950
(Int
Nor'1st gold 5s.._
.Charlotte Air Line
&
Oct
100
26
A-O
APorto Alegre (City of) 8s_—
; Stamped pursuant to Plan A
(Int reduced to
2.375%)—.
138%
105% 105%
138%
Ref ft gen
101%
__
24%
1940
f 7s
s
a-o
-.1595
Ref ft gen ser A (int at
1% to
Dec 1 1946) due
—1993
Ref ft gen ser C (int at
1%%
103%
26
M-S
J-D
——.1958
;
105%
126
1st
—
99%
42
—j.1968
A4 %b assented
A Stabilization
.
*99 V*
2.125%)—.2008
to
AlN,at ^0an extI
SAPoland
-
*99%
*100
M-S
(State of)
«
s
M-N
M-N
J-D
,.1967
.
m-s
104
Stamped modified bonds—
103
99%
__
pursuant to Plan A
reduced
ANat loan extl
,
io«?
—1994
ret 3%s series B
sec
1964
96
100
101%
126 y4
107 V*
101
A-O
F-A
A.1963
ser
*90
137
Atlantic
103
101 %
104%
.1970
.1950
s
Q-J
126
1st
5
103 y8
104
103 y4103 y4
104%
.1963
A Stamped assented 5s
Stamp mod 3 Vis ext to_
'
107 Ve
92%
*__
to
-APanama
105
B
.1968
f 5s__.
s
65
97
42
*101
A-0
_1956
sink fund 4y4s
fund extl loan,,
105% 106
*95%
*125
F-A
.1958
External
105%
107 %
103
M-N
.1957
4yas
A-O
Jan
Nov
46
37
105%
1998
:
mortgage
37
107%
103
General unified 4%s'A.1964
Atlantic & Danville Ry 1st 4s
..1948
42%
42
103%
8
M-N
Atlanta
46
39
67
104% 105
104%
July 1 1995
1st
42
104% 105%
104%
July 1 1995
Atlantic Coast
2
90
104%
A-O
.
At! Knox
—
42
104% 104%
A-O
Adjustment-gold 4s
__
110
5
3%s series E
mtge
107%
143% 157%
F-A
Stamped 4s:
18%
16
(111)—
>7'"
116%
100% 104
196^
gold 4s___
Baltimore ft
5s
Municipal Bank extl
Oslo (Olty) ;atolt luntf
.
1st
Co
&
114
1962
3s
Atchison Topeka k Santa Fe—
General 4s
(State)—
(Kingdom of)
4s sink
—
42
J-D
;•
High
12%
__
39
.1952
f 5s
s
Low
13%
11%
*18%
M-S
Tst
January 1
10%
*24%
M-3
Armour
Range Since
13
*14V2
7-3
.1959
Wales
s
7s
A
Sold
No.
11'/4
*18%
(Int reduced to 2.125%)_ —2008
AMontevIdeo
-
*12%
pursuant to Plan A
reduced to 2.125% )...2008
'•> ASec external
Vi
High
Bonds
*10%
7- J
1942, agree
Stamped
■i|
J-D
agree
(State)—
U A Sec external
"*■
Friday's
Bid & Asked
Low
ol 1910-.....,....:itt43
Nov. 5. 1942, agree
ot 191$ assent... 1933
■
Mlnas ueraes
■Y.
or
Mexico— (Continued)—p
A Assented to Nov.
»
Week's Range
Interest
y'^y-^ *
/,[
f
I
Friday
Exchange
Arbor
1
105
1969
deb
Anglo-Chilean Nitrate deb...:
Ann
"l
103%
103
100
116% 116%
103%
High
100
1975
Co
3s debentures
sell Teletype—KY 1-310
BONDS
York
Tobacco
1
1980
debentures
Amer
York 6
A
New
debentures
2%
New
,
Foreign Pow deb 5s
2%s
Stock Exchange
,
&
assented
warrants
Range Since
January 1
Low
1948
with
Am
Membert
No.
American.Telephone <te Telegraph Co.—
3s conv debentures...
.—1956
Reorganization Securities
Broadway
Sold
High
.1948
6s
Ailegnany
61
Bonds
Friday's
Bid & Asked
Low
M-N
F-A
146%
6
105% 105%
18
105% 105%
4
146
M-S
105%
J-J
*100
J-3
*131'/a
J-3
•120-
144
151%
105
107%
104% 107%
..
.
--
132%
135%
iVolume 163
Number 4495
THE COMMERCIAL, &
PINANCIAt CHRONICLE
3019
NEW YORK BOND RECORD
RANGE FOR WEEK ENDING MAY 31
BONDS
New
York
Stock
Friday
Interest
Last
Teriod
Exchange
Sale Price
Week's Range
or
Low
f ACLlcago & Alton RR ref 3s
Chicago Burlington
At
1949
mtge 2% s
mtge inc
1st mtge 3%s
A
A
1st
&
119 Vb 119'/a
2
116%
119%
117%
119%
.1065
A-O
F-A
103
106%
Empire Gas ft Fuel 3yas_.
.1962
1970
F-A
1997
*103%
J-J
1985
.
B
—
M-N
—
100
100
,
71
26
99%
31
67
1
100%
69%
71
99
Erie
104 Va
102% 102%
M-N
103%
inc 4%s series A
1st cons mtge .3.%,s ser E
1st cons mtge 3yas ser F
1st cons mtge 3%s ser G
*139 Va
93 %
92
93%
69
92
J-J
66%
66%
68%
20
66%
1st
99 y2
83
A—
ser
gold
5s
*—1947
series
B
J-J
J -J
1947
J-J
1960
M-N
22
22
J-J
24%
24
May 1968
112
132%
1947
4s series C_
gen 5s series A
Chic Mllw St Paul ft Fac RR—
1st mtge 4s ser A
mtge 4y2s inc
•—
122%
106
cons
2s
Ohio Div
2015
100 ;
'
22%
22
25
20
26%
22%
9
30%
Railways
1st
5s
110%'
•io$
107%
110 %
105
105%
105%
105% 105%
19
100%
100% 101
66
95%
107%
Apr
88%
87%
89
246
80 y4
2000
1st mtge
92%
91»/4
93%
146
90 Va
J-J
105
—
5
105
25%
partial redemption—
„1927
Rock Island St Pacific Ry—
4s
1988
A Certificates of
deposit
69%
69%
10
91
90'/a
91 y8
46
87%
A-O
64%
64
65%
66%
68 %
35
36
—
102
-
.
I ARefunding gold
4s_«..————1934
{ASecured 4%s series A
1952
AConv gold 4%s
Chicago St L & New Orleans 5s
Gold
3%s
Memphis Div 1st gold 4s
Chicago Terre Haute
71
M-N
J-D
1951
J-D
1951
& S'eastern
59%
58
i960
J-D
105
105
105%
J-J
106%
106% 106%
81
64%
22
2
35
72%
28
197
*109
noy2
*101% 105 y4
39%
105%
109%
100%
103
100
105%
Ry
M
1994
1994
1963
Chic & West Indiana com 4s
1st St ref 4y4s series D
98%
J-J
108%
J-J
1963
G
ser
'
M-S
106%
92y8
88
298
1951
2%-4!/4S
Income 2%-4y4s
Chicago Union Station—
1st mtge 3%s series F__
Firestone Tire ft Rub 3s d»h
{AFlorlda Cent ft Peninsular 5s
Certificates of deposit—
J-J
1952
111%
M-S
12
99%
108% 108 ya
96%
107
108%
5
104%
108 y2
111% 111%
1
noy4
ii2y8
106
—
7
105
107
106 y2
1943
A-O
43
43
43
3
1957
A-O
43
43
43
17
1952
M-N
1975
Cine Gas & Elec 1st mtge 2%s
Cincinnati Union Terminal—
A-O
1st
mtge gtd 3%s series E
1969
1st mtge 2%s ser G
1974
Cleve Cin Chic ft St Louis
Ry—
General gold 4s_*—1993
General 5s series B
—*1993
Ref ft impt 4%s series E
Cln Wab ft M Div 1st 4s
St L Div 1st coll tr
gold 4s—
F-A
85
83
10
113 Va
23
113
63
100
103%
112
10m
(stamped
7
103%
111%
lll7/a 111%
2
111%
121
J-D
J-J
1948
93%
95
«...
M-N
1970
94
J-J
1990
98%
98'/4
J-J
86 J/2
86%
M-N
Columbia Gas ft Elec deb 5s
1980
133
86%
93%
105%
110%
108
106
F-A
*105
'A-O
112%
105
110
108%
108%
106% 106%
9
A-O
105%
105% 105%
25
A-O
105
105
18
Commonwealth Edison Co—
1st mtge 3s series L__
71%
103 %
F-A
Consolidated Cigar Corp
A-O
M-S
1951
105%
71%
70
103%
*105% — *
34
103
debentures*—.—1956
debentures**.
{AConsol Ry
Consumers
deb 4a
-1954
4s_.
A Debenture
J-J
•
—1955
4s
1958
,
Power
A-O
1958
i
non-conv
ADebenture
1st
J-J
J-J
M-S
Continental Baking 3s debs
1965
Crucible Steel 3y4s s I debs
.—1955
fACuba Northern Ry 1st 5%s——.1942
101%
102%
•"
'
112%
receipts—•
gold
1952
A 6s
B
ser
J-J
J-D
•
5
——
103
.1952
*60
101%
50
J-J
——
104%
J-J
.1990
J-J
Gen mtge 3y8s ser O
AGreen Bay ft West deb ctfs A.
ADebentures ctfs B--,i
.2000
J-J
105
106
Feb
*75
79
Feb
12
12
Greyhound Corp 3s debs.
Gulf Mobile & Ohio 4s series B.
.1959
A-O
*104
105
.1978
J-J
*106%
Gen
mtge inc 6s series
75
60
—
31
104%
108%
104%
5
102%
110
104
107
Hudson Coal
J-D
103% 107
75%
,75j/4
"•
17%
103%
104%
105%
106%
12
99 V*
99%
99%
M-S
107 Va
107% 107 Va
M-N
104 y4
104
103
*101% 102%;
110%
H
103 J/a 104
*103y8 103%
M-N
*101%
J-J
140 Va
32
104%
100%
*101 y2102
—
150
100 V4
10
148
148
J-J
1st
f 5s series A—-1962
a
Hudson Co Gas 1st gold 58——.-1949
Hudson ft Manhattan 1st 58 A
1957 '
AAdJ income 64
87%
86%
87%
*111% 112%
M-N
F-A
72
70%
74
106
A-O
.——Feb 1957
Illinois Bell Telep 2%s series
104 y4
87%
•: so
36%
36
38%
135
113%
112
70% 80%
36
5
1st
gold 4s— r„
U„mmmiu
1st gold 3 % s—***—*•.
Extended 1st
1981
104
57%
59%
46
51
10
81
86
10
43%
48%
50
50
49%
53 V*
48
*.-
53
,
1Q4% 108%
1?...;
J-J
—
1951
M-S
—1952
A-O
M-N
1952 e;
1953
3%s—*—
J-J
Collateral trust gold 4s
Refunding 5s—;*
-1U53
40-year 4%s——
—-*,...1960
Cairo Bridge gold 4s__
*—1950
Litchfield Div 1st gold 3S-..—1951
M-N
M-N
..
F-A
104
102 y2
102% 103
.
94%
>105%
J-J
F-A
1st gold 3s_—.
fit. Louis Div ft Term gold Is
Gold 3%s——
1951
1951
1951
—
,
J-J
Springfield Div 1st gold 3%s——1951
J-J
1st ref mtge 4s
ser
ft Iowa
1st
98%
gold 4s
*1950
103
106
100%
103
10
101 f
102%
103% 106%
—
3
105%
—
105 J/2
104%
99 V4
6
104%
96
65
93%
106%
105 Y»
99%
181
98%
103
104%
J-D
J-D
Illinois Terminal ;Ry 4s ser A——1970
•
93%
J-D
_._.1963
D__——...1963
1963
7
19
—
106% 1061/4
*105%
—
_
111 Cent and Chic St L ft N O—
Joint 1st ref 5s series A
ind Hi
—
97
102'/a 102%
—
;
-
103% 103%
*102%
F-A
1951
Registered
4
—
101% 101%
■
91%
141
101
101
J-J
Western Lines 1st gold 4s_.
13
:
-
•104'/a
—
—
4
>
102% 102%
102%
102
31
94%
94 Va
J-J
Omaha Div
106% 107
108
107
106 •
100 Va 104 V2
105% 108 y2
103;
16
104%
103% 103%
—
106%
104 y2
104 ya
103 y4
36
104% 104%
104 y4
J-D
Louisville Div ft Term gold 3%s_1953
104 ya
__
104%
<
104 y2
—
*66
1953
lines
105% 107%
—
109
*104
.——1951
Refunding 4s—
Purchased
-1951
3
107% 107%
—
*104
gold 3%s—.
1st gold 3s sterling
Collateral trust gold 4s,
J-J
A-O
1st & ref 4%s series C„-
102%
•
106% 106%
106%
..1981
Illinois Central RR—
106
103%
45
*47%
108 39a
1047/8 105
J-J
Hackensack Water 1st mtge 2%s—1976
Bocamg vahey Ky 1st 4Vao———
{SAHousatonic Ry cons gold Ss.
1937
Household Finance Corp 2%s__
1970
76
82
*47%
134 %
127%
108 h 108 -ft
105
A-O
76
44%
J-D
140%
130% 130%
1st ft ref 3%s series D.
Gulf States Utu 3%s series
106%
61
60
__
48%
82
1946
119% 122%;;
136'/a
*136% 140
.1977
104%
62 y2
——
__
119% 120
119%
J-J
10
103 %
103
*102y8
General 4%s series E
Gen mtge 3'/as ser N__.
;
j-D
deposit rets—
M-N
J-D
J-J
103
2
62
104
101%
——
106 V* 106 y2
104
105%
T-J
.1934
J-J
105%
10
63
*60
118
102%
J-J
.1973
111
103%
8
62
106%
89
29
87%
86
87%
64
116
Oct 11945
82%
58
M-S
.1970
105% 106 V*
—
105
*60
—1946
rets
J-D
—1969
General 4'/2s series D
110
43%
—
ADeposit receipts
A7%s ser A deposit
88 V2
106 Vz
Corp—
.j;
Great Northern Ry Co—
General 5%s series B
General 5s series C
106%
111
—
102 Va 102%
105'
104
*104% 107%
Certificates of deposit-
116
108 »/a
-
101% 102
*60
...
J-D
ADeposit
debs-
Goodrich (B F) Co. 1st mtge 2%s_1965
Grays Point Term ,1st gtd 5s
1947
111%
116
8
103% 103%
—
J-J
mtge 27eS—1975
ACuba RR 1st 5s
inc
-
109 y4
*111
106 %
109%
—
--
*106% 107 y2
—
A-O
.1948
-
conv
{AGeorgia ft Ala Ry 5s
Certificates of deposit—
{SAGa Caro ft Nor 1st ext
102% 104%
—
__
109
A-O
—
111
.
Consolidated Edison of New York—
debentures-
A 4s
84%
#
29
*._
F-A
1965
Gas ft Elec of Berg Co cons
General Realty ft Utilities
.—
71
*115%
J-J
1961
3y4s
M-N
— —
— —
106%
F-A
Conn Ry ft L 1st ft ref 4ft$—
Conn River Power s f 3%s A
80%
98
116%
V106
*105%
—
*112% 106%
__
A-O
1st extl gold 4S—1948
Columbus ft Sou Ohio El 3y4s——1970
Columbus ft Tol lst extl 4s
1958
1977
*70
*
106%
47
*103
J-J
—1961
90
80
3
83% 4,83%
83%
104
100
*103% 104
M-S
deposit
Francisco Sugar coll trust 6s—*..1958
110%
~
108% 109%
—
91% 100
6
*104% 109 y4
~
M-N
Columbus ft H V
104% 106%
—
J-D
—1974
of
17
105% 106%
*95%
*—131
107 Vo
1991
modified>—.*
J-J
1959
ft ref 5s series A
Certificates
M-N
1943
113%
104% 105
Colorado ft Southern Ry.—
3%s
3%s
.190%' 106%
-
107%
J-D
8erles D 3%a.gtd
——.1950
Cleve Short Line 1st gtd 4%a
1981;
Cieve Union Term gtd 5%s_
1972
1st 8 I 5s series B gtd-—
1973
1st s f 4 Mi s series C———1977
A
63
105
1977
Cleveland Elec Ilium 3s
Cleveland ft Pittsburgh RR—
Series C 3%s gtd.
;
*—
105% 105%
—
42%
43
F-A
—
A 1st
100
3
106
106
J-J
1962
98%
t§AChilds Co deb 5s part
paid
3V2s
100
96 Vi
92V4
J-J
105
105 y4
30
104%
106 y2
J-J
105% 105 y2
1
105 y«
106
{AInd & Louisville 1st gtd 4s—
1956
Indianapolis Union Ry 3%s ser B.1986
M-S
A-O
102
*105% 107
*—
J-J
115%
117
105%,
107%
*107
Inland Steel 1st mtge 3s series F—1961
{International Great Northern RR—
J-J
83
82%
83%
33
82
98
A—July1952
58 series ,B——1958
A-O
44
43%
44%
50
43%
54%
77
77%
7
76%
92
A 1st gold 5s series C_
—.1956
lAInternat Hydro El deb 6s——1944
Internat Paper 5s series A ft B—1947
—
—
J-J
A-O
77
92
98
99 V*
180
93%
99 Va
101 % 101%
11
A 1st
Dayton Pr & Lt 1st mtge:2%s
Dayton Union Ry 3y4s series B
ft Co 2%3 debs
i
Delaware & Hudson 4s extended
1975
1965
Deere
1st
ft
ref M
Income
5s
ser
A-O
,1963
M-N
ft
*103%
105
102%
1973
M-N
1993
-
M-N
105 Va
103
20
mi L
__
105
„
101%' 103'/a
*100
62 y2
107%
——
2
~
104
106%
100% 107%
22
100 J/4
99%
62 %
11
57
Light 3s_;
%
21
65
73%
16
109
1936
J-J
67
67%
44
4y2s
1930
{Denver & Rio Grande Western RR—
61%
79%
J-J
61 Va
67 Vt
30
63%
80
A General
gold
s
f 5s
A Assented
,
.
M-S
*102
109
109
F-A
1955
■
.
ARef & impt 5s series B—
Edison
25
25
25
%
72
15%
F-A
25
24.%
25%
121
14%
—1978
A-O
1905
A-O
107
M-S
107%
4s series F
Gen & ref mtge 3%s series G
1960
Gen & ref 3s series H
1970
Detroit & Mackinac 1st lien gold 4s 1995
A Second
Detroit
gold 4s—
Term
St Tunnel
-i—1995
4%s
60 V2
62
87
58
.
29%
29%
76
107
107
12
106 Va
Range Ry 3y2s
tSADU Sou Shore ft Atl gold 5s
Du queans Light 1st M 3%s
10
106 Va
109
109 Va 110
26
107%
110%
J-D
*69
-71
——
J-D
*48%
56
63%
45%
—
*114
A-O
*105% 107%
J-J*
31
196*
43%
54
J-J
105%
105% 105%
3
104%
106
M-N
122 %
122
2
120%
157
F-A
J-D
Jones ft Laughlin Steel 3Y48
J-J
46%
;
122%
J-J
*155
J-D
*102% 103
'"-V" •'
M-S
*105% 106%
't\V.
V;'
__
'
120%
105%
1970
103%
108%
47
175
•
103
100%
103%
105
106 %
—1961
99% 100
100
98
102%
13
103 y8
*1035/® 103%
105%,
K
Kanawha ft Mich 1st gtd gold 48—1990
Kansas City Fort Scott & Mem Ry—
1936
A-O
*108%
A-O
8ARefunding gtd 4s
ACertificates of deposit—
Kansas City Southern Ry
81%
81%
81%
*—
X-o
1st 3s—1950
1975
A-O
A-O
*105
Kentucky Central gold 4s
Kentucky ft Ind Term 4%s
Stamped
I
i
mtge 4s
ser
A
103 ya 103%
103%
J-J
71%
J-J
1961
J-J
166
y
85 Va i83 y* 1
105% 107%
103
104%
—
122 •'••• 122
65 y2
71 y8
108% 108%
J-J
80
~2
107% £V
104% 107%
*120%
J-J
1961
Plain
1987
1961
—1961
81
12
83
106% 106%
Kansas City Terminal Ry 2%s____1974
107%
—
*112%
*106V8-:'
72
108% 108%
—
—
157
43%
114
1950
3021.
101% 101 Va
105 Va 105%
102'/a
J-J
—1950
100
—
122%
43%
116%
Elgin Juliet & East Ry 3 Vis
page
51%
M-N
1937
Electric Auto-Lite 2y4s debs
see
75
1962
-East Tenn Va ft Ga Div 1st 5$——1956
Ed El 111 (NY) 1st cons gold 5s
1995
footnotes
109
107% 107%
J-D
lgel
Dul Miss ft Iron
For
series A
Debentures 5s—,.
1st
Detroit
6s
101%
105 y8
*107%
M-N
Ref sink fund
Grande RR—
cortsol 4s-
§ AConsol
101%
J-J
»_1955
Int Rys Cent Amer 1st 5s B
-.—1972
Int Telep ft Teleff deb gold 4%s.—1952
110%
A-O
5 A 1st
98%
67%
66
1973
{Denver & Rio
J-J
104
61%
65%
May 12042
Power
105
:
Coll tr 4-6s
Delaware
1965
2?
Co—
C—
mtge due
division
J-D
1952
6 s series
James Frankl & Clear 1st 48—1959
Delaware, Lack ft West RR
N Y, Lack & Western div
Morris ft Essex
A-O
A-—
6s series
A Adjustment
A 1st
.
•
,102
*105%
*
{Florida East Coast 1st 4l/2s
107%
106%
SADebentures 5s part paid
t A Choctaw Ok Si Gulf
cons 5s
4%s
M -S
106
100V4 106
6
100% 101
*—
103 Vi
106%
100 %
107
65%
J-J
F-A
A General
2%s
104%
98 '/4
105
stpd
{Chicago
1st mtge
M-S
.1971
3y4s.
03
91
45
93%
J-J
1953
94%
108%
100% 101 y4
»104
101V*
96%
Apr
conv inc. ser B
Jan 1 2044
North Western Ry—
mtge conv inc 4%s_.Jan 1 1999
1st mtge 3s ser B—
.*—1989
ref
J-J
118
Apr
A Jan 1 2019
ser
4%s
&
94%
'
A-O
1990
H
ser
J-J
-1964
125%
116%
J-J
2nd
1st
127%
124%
124%
100%■ 102
132 %
•
;
J-J
1994
Chicago &
{} AChicago
125
>112
Railroad Co—
Geu mtge
88
J-J
Chicago Ind ft Eou 50-year 4s^—1958
.
High
117%
J-J
119
.
l
Low
No.
High
A-O
5
El Paso & S W 1st 5s.
5s stamped
y..
.1965
119
,
1st St gen 6s series B
Gen
Low
Louisville
6s
ARefunding
t
January 1
Sold
64%
J-J
.
At
Range Since
Bonds
Bid & Asked
'
111 RR—
(conv)
ser
Sale Price
High
54%
Week's Range
Last * >1;: or Friday's
Period
F-A
Chicago & Erie 1st gold 5s
1982
Chicago Gt West 1st 4s series A
1988
v
AGen inc mtge 4V2s
Jan 1 2038
{Chicago tint
A
Refunding
ARefunding
Low
80
60%
Friday
Interest
Exchange
1985
1958
1st & ref mtge 3J/aS
1st ft ref
AGen
60
Stock
—1977
1st ft ref 4 %s series B
Chicago & Eastern
60%
York
January 1
No.
High
New
Range Since
Sold
Quincy RR—
General 4s
.
A-O
BONDS
Bonds
Friday's
Bid & Asked
107%
102%
A;
102%
105%
106%
4%s
unguaranteed
.-1997
A-O
Koppers Co 1st mtge.3s
tAKreuger ft Toll 5s ctfs
1964
1959
**
Lakp 8h ft Mich Soil gold 3%s
3%s registered
1997
J-D
1997
J-D
M-S
182
*182
*.
A-O
Kings County El L ft P 6s—
f
■
109 VB
*104 % 105
'
*4%
5
188
104%
107
:
4%
5%
108 y8 108 %
109
115%
107
107
115 V*
107
i
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, June 3, 1946
NEW YORK BOND RECORD
-RANGE FOR.WEEK ENDING MAY
ig;#:^BOND
New
Interest
Exchange
Stock
lork
Friday
.■
Period
:
Week's Rahge^v!®^
or Friday's,
Bonds
Bid & Asked
Sold
;
Last
.
Sale Price
Low
Low
mtge income
Lehigh
Period
1975
Dee
75
75
7
105
105
5
—
66
ANon-conv
A-0
stamped...
1st & ref smk fund 5s—
5s
•96%
82%
gen
26
53%
49%
1949
*«■'.
3s
debentures ..
:
Louisiana St Ark 1st 5s series A
3
1966
1st St
&
& EJec 3Vis
1
48%
60
N Y & Putnam
89
54 V*
11
52
69
62%
65%
20
62%
•119
.*118'
106
*ioe
"*.■
83%
92%
132%
136 Va
117 J/4
120%
107 ;
107%
11
106
107%
I.
106
107%
43
90'A
120%
—7
I*
106%
-
/
118% 120
•118% 120
106%
102% 106%
104%
9
104% 104%
104%
;
104%
•105% 106
107%
1st & ref M 2%s ser G—
■■
coll 4s
86%
105% 106%
105%
105% 107 y*
&
ref 4%s aeries
75
63%
39%
26
1943
96
42
32%
100
32%
.1946
49
109%
108
I960
v
100% 103%
1998
5
A Gen mtge 5s conv too
....2014
Norfolk St Western Ry 1st gold 4&.1996
North Central gen St ret 5s
1974
Gen
108%
104%
105% 105%
iaaa
59 %
71
135% 143
138% 143%
131% 133%
115% 127%
115 '/a
106
•*—
3
106
1954
118
A
Gen lien ry & Id gold 3s
105
102%
1974
Northern Pacific Ry prior lien 4s__1997
106
119
122%
94%
soy*
84%
Jan 2047
■
.3»-vregistered,;;i!n,
Ref & lout 4Vis series A
Ref & impt 5s series C
2047
105
110
—2047
107
: 112
Ref & impt 5s series D
Coll trust 4Vis
States
Power
82
;904T
2047
107% 112
1975
103% 106%
1974
102% 105%
Co—
1st mtge 2%s
1975
1st mtge 3Vis
102% 106%
196a
mtge 2%s
106% 108%
1960
,
1954
B
ser
15%
>
102% 106%
84%
90%
1940
Norfolk Southern Ry Co—
1st mtge 4Vis series A
1st
mtge As
103% 103%
26%
11
12%
1937
1Q3V
Niagara Falls Power 3Vis
(Wise)
1st
r
.
(Minn)
Manati
21%
25
11
;
1965
;
MAN Y Susq & W 1st ref 5s
§A2d gold 4Vis
IA General gold 5s
ATerminal 1st gold 5s
Man Y West St Bost 1st 4%s
Northern
Maine Central RR 4%s ser A
108% 111
..
23 %
11%
gtd 4s—1993
cons
N Y Steam Corp 1st 3%«
113%
100
116%
38
102 Va
1980
■
1st
N Y Queens El Lt & Pow 3Vis
-
101
—2003
8t Louis Div 2(1 gold 3s
Atl Knox St Cino Div 4s
110%
•110% 111%
2003
•108%
23
.4s:TPfffctftrftrt
II
Nashville RR—
ref M 3%s series F_—
;66%
1-955
....
71%
73%
89%
__
—
.
57%
•132% 136
106%
4s
63%
60%
86
86%
43% .44%
66% 68
•
N Y Power & Light 1st mtge 2%s_1975
65
53%
1969
Louisville Gas
1963
70%
1954
4s_,
63*%
62%
86%
JAN Y Ont St West ref 4s—June 1992
57
65 %
10*1
,,
,
51%
203
54%
49%
...1949
'; 4s stamped.———1949
Louisville
95
1st
Low' High
60
59%
701/4
1957
87%
88%
53%
■:
1965
1951
.1962
4s series A
Lorillard (P) Co deb
92%
(
Liggett St Myers Tobacco 5s...
62%
w
1940
A General
Lehigh Valley Terminal Ry ext 58.1951
Miami
83%
92%
80
January 1
60 y8
59%
Alst & ref 4 Vis series of 1927
1967
{A Harlem River St Port Chester—
1954
-I960
Long Island unitled 4»__
Guaranteed ref gold 4s
4s^^^.^»»«Ji950
{Acollateral trust 6s......
10
No.
62%
63%
certificates 3%s
1956
6s———.1948
deb
Bonds ° Range Since
Sold
'
i
60
1955
ADebenture 4s
v
1974
stamped
Lex & Eastern 1st 50-yr 5s gtd
Little
deb
Debenture
AConv
•96%
:r^98'-#.
1964
2003
;
48 registereU
,—
2003
4Vis Stamped modified
-2003
4Vis registered.
2003
Sa stamped modified——.——2003
;
4s
62%
—
3%a—.1941?
3%s—.1954
deb
a
-
1974
Leh Val Harbor Term gtd 5s
Lehigh Valley N Y 4%s ext
Lehigh Valley RR—
:
4s stamped modified
:
•101
1964
stamped
left & ref sink fund 5s
58
deb
ANon-conv
104 »/e 107
•101
...1954
.1054
5s
deb
ANon-conv
ANon-conv
..
High
v
..1947
4s
'
1970
mtge 3 Vis ser A
Lehigh Valley Coal Co—
1st & ref sink fund 5s
deb
ANon-conv
76%
Coal St Navigation Co.—
S F
Bid St Asked
how
{N Y New Haven ht Hartford RR-*-
reg
Sale Price
High
Lautaro Nitrate Co Ltd—
Alst
! r/-^Friday..;: Week's Range;:
Interest
Last •
or Friday's
n d
New; York Stock Exchange
Range Since
January 1
No.
High
Sltlf'ffSf
Sugar 4s sink fund...Feb 11957
AManila RR (Southern Lines) 4s
1959
Metropolitan Edison 1st mtge 2%s.l974
Metrop Wat Sew St Drain 5%s.—1950
ISAMet
West
Side
El
(Chic)
JOgdensburg Jk Lak* Champlain By—••
Alst guaranteed 4s—
1948
.1974
n
1975
Oklahoma Gas & Electric 2%s—1978
Oregon RR & Nav con gold 4s__
1940
Ore Short Line 1st cons gold 5s
1946
4S..1938
Jack Lans & Sag
1st gold 3%s
3%s
1951
•100%
;
1952
•107% 108
Ref & impt 4%s series C—
1979
Michigan Cons Gas 1st mtge 3%s.l969
104 Va
'
104%
110% 110%
ISAMidland of N J 1st ext 6S.....1940
89
90%
-
stpd cons 5s
101% 106
101% 105%
101
99 Ii
100ft 101%
100'/a 107%
104% 107%
1948
Oregon-Washington RR 3* ser A_1960
Minn St Paul
Sault Ste Marie—
Alst mtge 4%s inc ser A__Jan 1971
AGen mtge 4s inc ser A
Jan 1991
Mo Kansas & Texas 1st 4s
Guaranteed
108%
106
Ohio Edison 1st mtge 3s
1st mtge, 2%s——
—
29
22
'
Micmgan Central-
1990
MissouTi-Kansas-Tex&8 RR—
Prior lien 58 series a
io«e
40-year 4s series B—
1962
Prior lien
1978
4%s
series D
Pacific
{Missouri Pacific RR Co—
Alst
Alst
St ref
Moh'k & Melon* 1st gtd
Pennsylvania-Central Airlines—
....„.i..I,.,1966
Pennsylvania Co—
"
Gtd 4s series E trust ctfs
195S
Pennsylvania Glass Band 3%8..—i960
Pennsylvania Power & Light Co.—
1st mtge 3s...»n. n. hin ■,..i,!■ i m*. ,i.. ^..1975
3ss ■; f ■: debentures—1965
/•■•'3%s conv inc debs..,.
gold 41—1991
♦106%
Monongahela Ry 3%s series B—.1068
Montreal Tramways 5a ext
1951
Morrell (John) St Co 3s debs—1958
._
*102 %W
:
103% 103%
Morris & Essex 1st gtd 3%s—2000
Constr M 5s series A——1955
68%
69
108%
:
,108% 109
109% *109
109% 4,
♦108% 109%
..
M 4%s series B
*110%
117% 118%
117%
,
Pennsylvania RR— \
, ,7
,
Ccnsol gold 4a_—1148
4s sterl stpd dollar—.—May 11948
1955
Mountain States T St T 3y4s—1068
Mutual Fuel
-^ -v
a*
iiuv
Cons sinxmg fund 4%s
General 4%s
series A
.1960
——.1965
General 5s series B—........1968
General 4y4s series D
.1981
Gen mtge 4%s series E
1984
-3V4s————4——-1952
Gen mtge 3.yss ser F-——..—1985
Conv deb
Nash JChatt St St L 4s series^ A——1978
National Dairy Products 2 %s debs.1970
National
titeel
1st
3s.
mtge
....1968
Peoples Gas' L St C ref 5s——1947
Peoria & Eastern 4s ext...—.
.I960
AXncome 4s..
Apr 1990
Peoria & Pekla Union Ry 5%s
1974
Pere Marquette Ry 3%s ser D
1980
Phila Bait & Wash 1st gold 4s—
:
General 5s series B———1974
General gold 4%s series C
1977
Philadelphia Co coll tr 4Y4s
1961
Phila Electric 1st St ref 2%s
1971
{ANa»gatu■/: RR 1st gold 4s——.1954
Newark Con sol Gas
cons
5s.
1948
tANew
England RR gtd 58—1945
AConsol gtd 4s
.1945
l ew England Tel & Tel 5s A
-.1952
.1st gtd 4%s series B.——....1961
> J Junction RR gtd 1st 4s——1980
102
101% 102%
110% 111%
126
*109
«i*w Orleans Great No* 5s A—.1983
y o & N E 1st ref Se Imp 4%s
•105%
1952
Ry—>
__
__
1st St
109% 110
®
1st
ref M^ 2%s.———..1967
and ref 2%s
15 a Philippine fty 1st s f 4s
ACertificat.es of deposit
-'**•
1974
1937
113%
.113
-
^•104%
104% 104%
-
—
u.
104% 105
—
'J."
*104% 105% "
127%
127% 128%
122% 123%
122%".
126
127
107%
"
.
..
'
126
127%
106% 107%
105% 105%
127
104% 104%
1
87%
85%
87%
*106
—
f
A Certificates
A Certificates
of
deposit.
of
Pittsburgh Cino Chi St St Louis-*
J
Series E 3%s gtd gold....——1949
Serlis F 4s guaranteed gold
1953
I Series G 4s guaranteed
——1957
Series H cons guaranteed 4s.—.1960
Series. I cons 4 V2 a—.—.—.—1983
::
Series"- J cons guaranteed rt%s_.1964
I Gen mtge 5s series A
1970
S Gen mtge 5s series B—
—1975
Gen mtge 3%s-ser E---*,-..*—.1975
——.
.1958
-
deposit
I Alst 4 Vis series D_
.....
.1958
1 > A Certificatesof deposit..^
Alst 5'/2s series A-....I.i*I,—.1954
,
97%
97%
;,
"
ACertificates
of
deposit
jf Y Central RR 4s series
.
St
impt 4%s series A
Ref
&
imut
5s series
90%
C
2013
94
83 ;•
107%
104% 105%
137
142%
*135
131
135
105%
108%
:
107%;
,
107;
136
107%
•105% 106%
104»/4 108
105
105
105%
104%
107
105 Yb
105
105 %
23%
104%
107
26
23
21 :
105%
17%
22
*17
18
104% 104%:
103%
New
registered!
N Y
92
ser
*85
Mtge 4s series A '
Mtge 4s series B_.
104%
106
101%
106%
103% 103%
103%
105
103% 103%
103 y»
104%
103%
106
106
109%
111%
108
107%
109
115
118%
115% 115y4
*115
—.—2043
118
li8
117
93
93
90
page
.1973
,—1973
....
3021,
*102% 103%
*st
4%$ series D—
1977
^Pittston Co 5% Inc deb——.—1964
1st M 3%s—1966
1st mortgage 3y«s___.
1977
gAProvldence Securities 4s
—1987
lAProvidence Terminal 4s—1956
114
308
115
1st 4s ser A—.1948
lit gen 5s series B.——.———..1962
1st gen 5s series C
1974
Potomac
*110
115
Pitts Young St Ash;
105% 107
004?
•
4s series A.
see
1st mtge 4%s series B—
1959
1st mtge 4%s series C—..—I960
,
104% 104%
Purchase money void 4s—. 1 o4q
Y & Harlem gold 3%s——,2000
footnotes
90
102% 103%
1st gold 4s
.1951
3y4a series D
1905
lien & ref 3 y4s series E__
1966
N Y Gas El Lt H & Pow gold 5s.—1948
For
Pitts Steel
87
*81%
Dock
West
3%s debentures
1965
1st mtge 4%s—
—1950
'1st mtge 4%f series B
1950
Pitts & W 7v 1st 4%s series A.—1958
,-:
91%
B__.1975
1st
4%s series B
Pittsburgh Consolidation Coal—
.1980
RR 2%s
N Y Edison
N Y Lack St
92
*—
—1998
Ref mtge 3%s ser E
pittsb Coke & Chem 1st mtge 3%s.l964
•100%. .1
York Chicago St St Louis—
N Y Connecting
••
103% 105%
—1007
*105%
•
-
•110
*122
124%
*120
*127%
—
*131'/a 134/
134
134%
136% 136%
*105% 107
93%
98% 100
..1997
1998
3%s registered—;,....——.1998
Mich Cent coll gold 3%s
..1998
3%s
.
91%
92
^2013
N Y Cent St Hud River 3%s
3%s registered—
Lake Shore coll gold 3%s
N
103% 104%
102% 102%
„
A—.w—1998
Ret
'
x
.
...
I Alst 5s series C
:
84%
106
■
104% 104%
__
debs.. ...—1964
104% 106%
—*142% 143
-
Phillips Petroleum 2%s
:
60%
65
*62
.
105 v: 106%
' 131%
122% 128%
133
139%
125% 135%
125% 135%
106
111%
105% 107%
127
•130,/4 132%
__
126
.
:lANoh-cum inc 5s series A—.1938
ACertiiicates of deposit
Alst 5s series B—
1954
.
,
—
-105%
105
J05
'
108% 108%
:.S^w- Orleans Term 1st gtd 4s...—1953
V Yew Orleans Tejas & Mexico
126
118
Jersey P & L 1st mtge 3s——1974
•.ow
102%
111
107
*107 ,'rU
i:..
108% 166%
106% 109%
107% 110%
107 y8110%
107 y4111%
104% 107%
105% 105%
r—
.
Constr
•
1107% 107%
1988
gold 4%s—.1958
Paterson St Passaic G & E cons Bs.1949
..1949
107%
1979
.1977
1108% 168%
108%
:; 107% 107% ;
1971
Paducah & 111 1st s f
Alst & ref gold 5s series H—-1980
Alst St ref 5s series I.... ....—,^—.1981
.
1988
1970
1974
1st St ref mtge 3s ser N
Pacific Tel St Tel 2%s debs..
....1978
A Conv gold 5%s.
;;
Col¬
1st St ref M 3s series
.......1977
5s series G
Electric
1st St ref M 3s series L
1975
Alst St ref 5s series F
-
101%
1968
4s
St
3%s series 1
1st St ref mtge 3s series J
1st St ref M 3s series K
f
Si ref 5s series A
AGeneral
Gas
let & ref mtge
'
ACum adjust 5s series A—Jan 1967
119 y4
96
'97% 103%
El Pwr
Public Service El St Gas 3%s—..1968
1st St ret mtge
1st
1st
3s———1972
2037
St ref mtge 5s
fr w»f mtee 8s
—203V
104% 104%
104% 104%
104%
*104
104
104
99%
99%
*99% 100%
100
100
*104%
—
127%
*126
*127
*117%
—
100
100%
*—
105%
*112
102
99
105% 107
113
113
■
•32-
'
45%
40
40
*107
109
108
108
*110% 111
109
112 y$
108
1110%
109
109
160
*165
*245%
—
■
165
250
251%
FOR WEEK
RANGE
■
Friday
Interest
Last
Period
Exchange
Stock
BONDS
Week's Range
or Friday's
Sale Price
Bid & Asked
BONDS
York
New
ENDING MAY 31
;
■
X 'Low
Bonds
Sold
No,
High
*
A
Week's Range
or Friday's
Bid & Asked
Friday
AA:
Interest
Exchange
Period
-
High
Low
,
Stock
York
New
Range Since
January 1
'
i
Last
Sale Price
*
■
*
3
Terminal RR Assn of St Louis—
Quaker Oats 2%s deb.
■>130
2019
ser C
Ref & imp M 4s
101% 102
1st
&
cons
coll trust 4s A
100% 105%
103% 103%
Reading Co 1st & ret 3%s set D—1995
Revere Copper & Brass 3%s
._186U
ISARio Grande West 1st gold 4S..1939
102 %
104%
107
115
•107% 110
1949
74%
Tenn RR of New Orl
Third Ave Ry 1st
Gas & Elec Corp—
mtge 4%s series D
Gen mtge 3%s series H
125% 125%
1977
1967
'
Gen mtge 3%s series I.
Gen mtge 3%s series J
108%
*|4R I Ark a Louis 1st 4%s
t A Rut-Canadian 4s stpd
108%
108%
61
109%
74
18
Trenton Oas & Elec
1971
a Grand
jos
Island 1st 4s
St Lawr ft Adir 1st gold 5s
2d gold 8s
194'<
•101%
1996
•94%
1996
98 %
APrior lien
4s
98%
Electric
bond
4s
112%
109%
107
34
104
2%s
tr
34
-
102%
104%
103
grant 48—
105 %
debentures
certificates
1989
ctfs
120
112%
112% 114
Nov 1989
98%
88%
102
93
V'1/2
99%
99%
102 Va
104 V*
115
115
103%
106%
103 Va
104
i
Ref
86
91
97%
102
57%
114%
105%
106%
132%
132%
122
•126
s
f 4s series B
.•110
—
—.
Virginia Electric & Power Co—
1st & ref mtge 2%s ser E
1975
Va Iron Coal & Coke 1st gold 5s—1949
Va ft Southwest 1st gtd 5s
2003
54% r 63 V2
58%
106 % 106 %
*111
*
■
104% 104%
104%
*100
—
123
123
,
122% 123 /
109
112 Va
127%
—1950
dep (stamped)-,
dep (unstamped)
Cons
102
114%
•112
A—1955
1957
Vandalla RR cons g 4s series
98%
89%
•96
120
53
61%
ACtfs of dep (N Y Trust)
ACtfs of dep (Chemical Bank)—.
55
61
54
60%
1948
69
80%
ACtfs of dep (Guaranty Trust)—
ACtfs of dep (Chemical Bank)—.
69
81%
tlAAtl ft Blrra 1st gtd 4b._——1933
ACertlficates of deposit
105
109
109 ft
113
106%
125%
...1959
.112% 112%
A
——.1958
1995
% 1st cons 5s
Virginian Ry 3s ser B
129%
118
ACtfs
of
JARelundlng
,
48
124 Ye 125
—
A 1st
6s
cons
series
A
1st
Air
Line
RR
Wabash RR Co—
AGen
(subordinated)————————1970
110
mtge 4s-ser A wl.
101%
99%
100% 100%
Gen mtge 4%s ser A wl.———
tASeaboard All Fla 6s A ctfs
1935
86%
87%
80
90%
*19%-
197/s
19%
25%
fieagram (Joseph E) & Sons 3%s_1965
105 Va 106
11 ASlleslan-Am Corp CoH tr 7>—1941
Skelly Oil 2%s debs
1965
fiocony-Vacuum Oil 3s debs_.
..1964
•123
75%
teuutuern
77
130
Paciitc Oo-
44
7,109
105% 105%
1
,104
1994
Ry 1st mtge
114% 114%
5
110
109
109%
112%
108
114%
114%
AC
1st 4%s (Oregon Lines) A—1977
1968
105% 106
1968
105% 106
.
Gold 4%s
1st mtge
2%s ser G
99%
98%
102 V*
96%
96%
96%
96%
Southern Ry 1st cons gold 5s
1S94
Devel ft gen 4s series A
1956
Devel ft gen
mnw
Devel ft gen A % s.——1958
133
106% 106%
104% ,108 V*
117% 118
.
116
123%
128
145
123
125
120 V*
1996
*..
134
126%
1951
108% 108%
107%
109%
Southwestern Bell Tel 2%s debs—1985
Southwestern Public Service 3Vas__1974
105% 105%
103
107%
•105% 106%
105
106 V*
Mem Div
1st gold 5s.
.St Louis Div 1st gold
4s.
•55
105
105
104%
107 V*
Sunray Oil Corp 3% debs
105
105
105
107%
Superior Oil 3%s debs
Swift ft Co
2%s debs
.
,
,
56
57
1956
,
g A Wisconsin
67%
105%
•103% 104%
106%
104
106
105% 105%
,,,1861
—2361
—1949
*109
1992
—
—1970
Centralist
ACertlficates
of
I ASu & Du div ft term 1st
ACertlficates
of
...
■
106%
109
106ya
1117
104
.
97
95%
101%
103%
95%
81
108%
109%
103 y4
103
;i.05% 105 %
—.1968
Wisconsin Public Service 3%s——1971
*109% 110
AND
WEEKLY
NOTICE—Cash and deferred
30_
87%
36%
109
UO
-,s raInge* n Under-the-rule sale
y Ex-coupon,
inrhidPrt
noiinrt
year's range,
a#
thA
A
YEARLY
RECORD
the regular weekly range ere shown
In the following extensive list we furnish a complete record of the transactions on the New York Curb Exchange for the week beginning on Saturday
May 25 and ending the present Friday (May 31.)
It is compiled from the daily reports of the Curb Exchange itself, and is intended to include every
security, whether stock or bond, in which any dealings ha^e occurred during the current year,
A
STOCKS
Friday
Week's
Range
Last
New York Curb Exchange
Sale Price
Low
ACF-Brill
D
Motors
V'ire
Acme
Co
warrants
Aero Supply
Class
9%
6Va
III....
B.................
Associates Inc
Investors
Aireon Mfg
(N J)
High
;
STOCKS
New York
Range Since January 1
v
9%;
1,100
Low
High
/
6%
11% Feb
7% Apr
21
30
25 Va
Apr
30 V2
Jan
400
28% »
5%
Jan
13%
Jan
Apr
23% Mar
300
6%
3,100
19%
2,800.
21
5%
Jan
16%
Jan
15
Jan
X20%
20%
5%
5%
2,000
13%
17,900
17%
3,000
1,100
70
..150
123% May
110% May
Apr
23% Feb
14% Mar
7% May
600
'
Feb
21
11% Mar
16%
7%
5% Feb
127/8
<•
5%
13
Corp
preferred.,
Electric
Alabama
Grpat.. Rmithern
Alabama
Power 4.20%
Alaska
18
Shares
5% Feb
preferred
Air-Way
Auch
6%
..
common
convertible
60c
21
.6%
Ainsworth Mfg common.
Air
6Vs
21
Mfg class A.—.—
Air
8%.
28Va
— m
Convertible
A*
common
Co
P
RANGE FOR WEEK ENDING MAY 31
Sales
for Week
of Prices
Airlines
ft Fisher
Appliance
Int'l
Allied
Products
123%
pfd
Inc—
fMich)
11
,
:
common
Investing $3
Allied
7%
8
conv
pfd.
common..
8
123% 123%
nova iio%
9%
11 ■
:vl4;/;!'v/
13%' 14
.
•:
4,600
A -200
'■%,
9 V4 May
12% Mar
-40
-
17%
22%
9%
133%
110%
i
12
26% May
,
Jan
Jan
Jan
Jan
May
May
i,&14% Jan
Feb Xx
w
51
108%
d Ex-interest. e Odd-lot «ale no*
not Included in the year's range, r Cash sale
tThe price exchange rate of dollar quotation per 200poundl fin^ of K^impa.ired b? ,maturlty-unit
bonds.
Accrued interest payable at the represented Is the $4.8484.
reported as being in bankruptcy, receivership, or reorganized under Section 77 of
V^ru?tcL^ct' ?r securities assumed by such companies.
Bonds selling fla t&S
prlces* no fiales being transacted during current week.
not
No account is taken of such sales in computing the range for the year.
occur.
56
105 Va
sale not included In the year's range,
inriASftt#.
delivery sales are disregarded in the week's range Unless they are the only transactions of the week, and when selling outside
they
105%
84%
NEW YORK CURB EXCHANGE
in a footnote in the week in which
109%
104
83%
37%
deposit—.!&.——
,9V
117% 122%,
;
Wisconsin Eleo Power 3%s—.
108
"108%
106% 108
87
4s___1936
116 Va
109
101% 103%
86
94%
89"
84%
__
85%
117V*
105% 107%
♦—
103 '
106% 106%
103% 103%
*120%
86
194S
4s..
deposits
87V*
82%
84%
104
115%
; *101% io2v*
88V*
68 Va
104 V*
102 Va
135%
^Spokane Internet 1st gold 4%s—2013
Stand Oil of Calif 2%s debs
1966
1959
L
Westinghouse El & Mfg 2%8—»—1951
1st 4s guaranteed
2361
-
^
.
£
134% 135
*
101 -
102
West Shore
59%
102%
100 % 103 Vs
101%
102%
110%
106
1.071/21071/2
107% 108 Vs
112 V» 114
103%
Wilson ft; Co 1st mortgage 3s..—1958
Winston-Salem S B lst4s
1980
•99 Vs
•'>''
—
5s...ft.^.fti........^^i....l960
Wheeling Steel 3% series C
106% 106%
1961
30-year
Wheeling ft Lake Erie RR 4s.
Gen & ref M 2%s series A
109 Va 110
1981
San Fran Term .1st 4s—.—1950
Southern Pacific RR Co*—
1st mtge 2%s ser E
—;
1986
—
108
99 7
93
102% 106%
105% 105%;
Union
Registered
106% 107
Gold 4%S
Gold 4%s—
1966
Telegraph Cc—
Funding & real estate 4%s
1950
25-year gold 5s....^—.———1951
Western
1985
2%s debentures
Southern Indiana
t
1st 4s.——.1952
Western Pacific 4%s Inc ser A—2014
104 Vs 104%
ft Nor Ala RR gtd 5s.—1963
Southern Bell Tel .ft Tel Co-r
3s debentures
—.———1979
'A, *
v»
• V
f-> "* '
v.'V
West Penn Power 3%s series I
.
;
—
Western Maryland
•102% 103 ty»
Bouth
108
105
—
3%s—......1967
Gen mtge
•
92% 102
94
'" 107V4 107%
7
59% 59%
102% 102%
•103"
*—
H67/a
—
3%s—2000
Washington Central Ry 1st 4s
1948
Washington Terminal 2%s ser A..1970
Westchester Ltg 5s btpd gtd
1950
Warren RR 1st ref gtd gold
Co—
95
93%
.103% 103%:
1971
mtge 3%s ser B
Ward Baking Co 5%s debs j
105
101%
94%
93
mtge 4s inc ser A—Jan 1981
inc 4%s ser B—.Jan 1991
AGen mtge
1st
81%
69
—
Seaboard
A
/
104%
105 %
103%
1978
tfi^aboard Air Line Ry—
§A4s stamped
,
27/as debs—1961
:
1st cons gold 4S.1988
!5ASt P ft K C Sh L gtd 4%s
1941
8t Paul Union Depot 3%s B
1971
8ciotO V ft N E 1st gtd 4s
1989
-
103
51%
103
deposit stpd—
fit Paul ft Duluth
,
102%
82%
104%
100'/a
no
7
100
1949
mtge 2%s series C
Universal Pictures 3%s debs—
IA 1st term<& unifying 5s
1952
AGen & ref gold 5s series A..—1990
A Ctfs of
88%
102%
105%
'
:
81%
80%
—1950
tfit Louis-Southwestern Ry—
A2d 4s inc bond
land
&
27/as
A Certificates of
deposit
ACons M 4%s series A
1st
v
105'A
101% 102%
•103
of Mo 3%s.
Co
coll
&
M
1st
.
A Certificates of
106
104%
-
Union Pacnic RR—
__
1950
A Certificates of
deposit
APrior lien 5s series B
152 Va
7 103 Vis
no
i-
2%3debentures——.
•
Ry
A
ser
•
Union Oil of Calif 3s debs
96
•102%
Francisco
106
142 V*
t§AUnlon Elev Ry (Chic) 5s—
fit L Rocky Mt & P 5s stpd_._—.195#
tfit Louis San
143
104%
•105%
1960
1st gold 5s
Tri-Continental Corp
1st
Bt
143
income 5s
Jan 1960
Tol & Ohio Cent ref ft impt 3% a—1960
Toronto Ham & Buff 1st gold 4S..1946
Union
A
ser
105%
105 Vs
24
—1949
tlARutland RR 4%s stamped——1941
Saguenay Power 3s
103'/a
20%
19%
1967
—1969
1934
137 Va
106-109
129%
<
104
3%s__1974
ref 4s
High
7
105% 105%
A Ad J
■
Gen
Low
7
__
Texas Pacific-Missouri—
Pac
January 1
■■
106
103% 103%
Texas a Pacific 1st gold Ss
auoo
Gen & ref M 37/as ser E—.____1985
87%
72%
75
Rochester
wi
106
Ret & imp 27/ss series D———1985
Company 3s aeo
lwou
3s debentures
-1968
Texas
A
High ' ' No.
bow
'
Range Since
Bonds
Sold
48
Jan
29
May
Curb Exchange
Friday
Last
Sale Price
THE COMMERCIAL ^
3022
FINANCIAL CHRONICLE
Monday, June 3, 1946
NEW YORK CURB EXCHANGE
RANGE FOR WEEK ENDING MAT SI
STOCKS^
Week's
Range
Friday
New York Curb Exchange
Last
Sale Price
"
Low
50
35%
Apr
46
Jan
300
24
550
40% Mar
24% Jan
25
29
25
28
29%
5,800
31
25
30%
317/8
500
A
1
;
43/8
4%
4'/2
28%
500
20
19%
'
class~AZ__I*
48
-45%
.
55%
573/4
533/8
571/2
—
533/4
:
Jan
Jan
2%
Jan
Jan
Jan
86
123,100
preferred
5
86
■
-
Writing Paper common——*
72%
6%
10%
6%
6%
1,100
10%
10%
2,000
Anchor
Post. Prodimta.
|'3
Angerman Co Inc common.
—Z—1
Anglo-Iranian Oil Co Ltd—
Am dep rets ord
reg.-—j
Angostura-Wupperman
j
Apex-Elec Mfg Co commnn
"""""*
p?d..
APP^nchmn Elee Pwr 4%
f
86
12%
1,000
9%
Jan
157/a Feb
15
1,400
13%
Feb
17% Feb
700
113 Va
13%
14%
Mar
200
46%
113% 114%
14%
112
7
6%
7
67/8
6%
7
11,500
"iq
10%
10%
22%
23
1,200
21
13%
14%
3,900
23/4
83/0
3
Apr
350
85
863/4
150
78
103/a
ll1/*
16,800
37
36%
37%
16%
i
——_1
14%
16%
9%
400
21%
1,000
9
—8
9
—
^
11%
May
91
8
Jan
1,600
24
Jan
10,200
13
Apr
17
25
25%
Feb
40%
400
26%
Jan
Jan
c
1?e
preferred—
Baldwin Rubber Co common
Banco de los Andes—'
/
American
Steel
Barlow
&
Seelig
Apr
16%
17
300
15%
Jan
20
12
22,600
8% Jan
15
20%
20%
170
19% Feb
10%
'■ ' •
30%
Hedges
9% X10%
29%
1
155
14
Jan
28
Apr
1,300
32%
32
33
1,600
22
\
31%
31%
33%
1,000
21% Jan
67/s
900
6
40
165
6%
194
6%
190
»
~
~
$3
26%
"4%
4%
15%
15%
16
45
47
5
12,900
"5%
5%
I
*
I.
6
275
30
Jan
49
55%
300
55
Feb
600
25% Jan
70% May
150
135
50
47
39
Jan
21
Mar
20%
",vg
23%
26%
21%
26%
100
5%
1,600
5
4,800
150
Jan
20% May
217/a Jan
H
12% *
11
2,300
Feb
77% Mar
34
cnmmnn
20%
21%
20%
5%
6
~4%
"4%
200
20% May
1,200
16
15%
16
31
31
31
70
70
•
101
^
/
12%o
.250
...50o
pfd
500
28
13 Ve
30
14%'
7%
14%
14%
24%
25%
100
8,600
Jan
8%
Manium
147/8
600
26
13,700
Cent
Carnation Co
_i
,
Petrol
13
^
7,900
18%
17%
19 Ve
2,500
"
6%
6
X6%
4,300
41/e
6%
6
6%
4,800
20
Jan
Atlantic
6%
Jan
Apr
7% May
43
Jan
12i%
jan
38 i/a May
48
Feb
101
Apr
26
97
200
Jan
% Jan
Jan
fe
233,900
407/2
Apr
4%
4%
5,800
377/4 Mar
3% Jan
42
47/a
9
Feb
267/2
267/4
27%
750
173/4 Jan
27% Apr
33/4
600
%
■u
3%
—
—
90%
10%
Jan
47
Peb
24*%
Apr
Jan
91
Jan
3
600
50
82
—
Xl0'/4
Feb
115
Apr
108
115
—
5
Jan
167%
300
115%
89%
May
441/2
-
x21'/2 x213/4
89>/2
aa
250
41
40
Apr
12% Jan
9'A Jan
10%
5,300
91
92
4,575
717%
37%
8
118»% Jan
112
Feb
38'/o
1,300
jan
92*% May
39
Apr
22
Jan
4%
1,400
4
May
41
41%
900
34
Jan
47
16%
17%
Jan
33
13,500
2,900
91%
32
25%
Jan
17% May
33
Feb
41
43
133/s
1%
13/4
43/8
..50
700
26
6 3/4
Jan
Feb
43
Mar
May
143/4 Feb
11% Apr
1% Jan
4,230
10,100
Z
3%
Feb
19 V8
Feb
600
5
..
13%
9%
5,200
9%
1,500
■
-/"I"
•
r
r
300
18*A Jan
•
,
•
22%
25%
20%
243/4
"37/8
37,
15% Feb
.13y8 May
»
93,fe
71/4 Mar
11,800
303/4
'
300
4
4%
j
—
32%
—
4,100
110
1057/2 1067/2
Jan
24
•
35
May
30% Jan
1057% May
6%
100
25
12
600
•10%
177/4
300
Apr
36% Feb
108; May
383/4 Jan
8% Jan
15% May
82%
82 Vz
87
300
50
30
38
is
17%
187/2
18%
93/4
"33/8
36%
38
.
conv
35
,500
■;
g
17%
50
17%
177
Co
90
2,300
2,600
13i% Feb
Feb
20
180
90.
•
13%
13%
32
—1
6%
common.—!
16 '/a
32
3,200
3
475
30
65'/2
330
137%
133/4
400
29 Va
29
30
19%
19%
20
100
1,600
——10
Corp of America.
|
Central Maine Power 7% pfd_—.100
Apr
19% Apr
131/0 Jan
Jan
190
Feb
180
11
Feb
140
;
Apr
May
133/4 May
100
5%
23% Jan
32
217/2 Apr
May
43/4
Jan
77/4 Feb
83/4
Jan
17% May
393/4 May
26% May
5
6'/2
5,000
15%
167/2
7,000
38%
39%
600
26"%
2,200
317/a Mar
23% May
113/4 Mar
common
dep rets ord
38% Mar
19'h
Jan
20% Jan
32
20
12'/4 Mar
277/4
1,900
17% Jan
27% May
257/4
;
.
13
May
87
Jan
36% May
145.
176
—100
1
26»/2
x26
"
■
reg.—.———.^41
——
1
21%
213/4
100
213/4 May
27'
261/4
27
300
207/feMar
283/4
18
:R
.......1
18
187/8
700
17% Mar
V
5% Jan
22%
Apr
Apr
8%
Feb
6%
6%
6%
12,300
19%
19%
21%
17,500
40
—•
24% Feb
Jan
417/4 Jan
ll5/a Mar
21% May
& Chem Co Ltd——*
_•
Corp
Xl02>/2
94
•
95
*■
300
833/a
102% May.
Jan
83
26
Mar
-
Apr
56
56
100
54
Mar
65
108
110
225
98% Jan
110
May-.
11
May
20
JIO
•'
10
X1021/2X102 7/2
95
'•
,110
11
18
.1
V
23»/2
200
73/4
8%
11
231/2
Duro Test Corp common.————-!
Duval Texas
164% May
,4,766
63%
65%
Apr
60
...
Mar
31%
31%
12
May
-9% May
32% Jan
•
3% May
.B00
34
6%
-
29 ;Mar
■
— —
32%
Dunlop Rubber Co Ltd—»
Am dep rets ord reg
£1
Durham Hosiery class B common—*
251/8 May
24% May
164% May
6,000
10.000
29
II
Products...
8
17%
East Gas ft Fuel Assoe common.
7%'
47/1%
3026.
10%
24
Apr
23% May
10% May
Feb
8 3/8
1,000
9% Mar
; Feb
67/j Jan
700
143/4 Jan
17%
^
18
100
16
247/2 Mar
103/8
Feb
Apr
E
22%
--—100
.1
_
page
9%
Feb
213/4
Jan
'
■
q
5%
147/4 Feb
13
Jan
Apr
Peb
;
4%
May
Jan
38
34
32% Feb
(A M) & Co
May
1,900
24,200
.
20%
Catalin
38
4,000
•
Driver Harris Co_
Jan
17%
Jan
24% Mar
2% Mar
7,300
13,500
11
19%
Products————.10
prftforr«irt
Draper
Jan
25
33%
May
21%
30
(Mo)
Dominion Bridge Co Ltd
Dominion Steel & Coal B.
121/4 May
137/8 Jan
117/s
38
43
18
10%
Domestic Industries class A com———!
Jan
8% May
23
May
Apr
May
20%
•
Gray Iron Foundry.
Vilbiss
Am
May
8% Feb
10% Jan
71% Jan
6% Jan
38 *%
18%
100
DiVco Corp common
a
Dobeckmun Co common....
Apr
x6% May
6% May
,
May
110
Jan
4% Jan
207/2
10
common
550
3'/4
9%
preferred
VW,
Feb
,
15
13
343/4
.37/4
Lighting Inc common——.2Z50
De
12% Jan
.137/6 May
~9% ~9%
36%
25
Tobacco
4,400
42%
23
"" "
100
40
53/4
80
57% Mar
1,900
108
Jan
10
"
common
31
1,200
63/4
61/4
5%
«
Sugar..
Diana Stores Corp
Distillers Co Ltd—
15% Jan
4
80
40
.1
preferred
6%
May
26 %
3% Mar
29
see
8%
8%
100
Derby Oil & Ref Corp
Detroit Gasket St Mfg.
147/4 May
50
May
7% Mar
■
r,,
.
For footnotes
33%
7%
Apr
17% Apr
*
.
Carolina ? & L $5 pfd-..
(J W) Co com.
Castle
14J% Mar
4% Mar
993/4
convertible preferred
Mich Stove Co
Mar
9%
q
Carter
Casco
73/4 Jan
3,400
»
99 %
Zi
(Md)
Steel
2Va May
8% Feb
class A
common
600
450
57/4
"
f
Interiiktionai
Detroit
18% Mar
23,900
Class B
;■
25*%
14%
16 7/4
323/s
5'/b
33
•
Detroit
Jan
2%
9%
9%
Products.—"
it Co
.
15%
4%
16
iqq
....
City
Mar
99%
I
Detroit
Mar
2%
V%
9%
common....
Alconoi—
Canadian Industries Ltd7% preferred
Carman
Apr
38
100
Co
Jan
'
2%
13%
—-
Capital
105
41«/4
Brewing Co.....
33
16% Mar
—j
Corp
Camden Fire Insurance—_
Canada Bread Co, Ltd—,
Canadian
Jan
Apr
108
76% May
102% Feb
Jan
41
—__10
Estate......
Elertric Power
...
60
40
IZZZZZ
May
4% Jan
18% May
Apr
44
iooy8101
137/8
«
l
Sugar
voting
500
32%
Z
""~1
IIZZIZ*
Duke Power Co.
Tungsten
voting
97% 101%
Mar
1
56 prior preferred
8% debenture
31
9% Jan
1,700
4,500
76%
Wireless—
xw
38
common._ZZ~*
Dayton Rubber Mfg class A
Dejay Stores common
Apr
247/z Jan
25% Jan
3% Mar
*
American dep rets 5%
C1«M V
Jan
350
D
21%
5% May
900
6
.5
„
Voting trust certificates..
A
49
46
100
Davenport Hosiery Mills
24% Apr
20% May
100
.
~4%
g
Cabin Electric Products
common—80s
Class
Feb
Mar
1
Dennison Mfg class A common...
20%
•
commnn
Cement Co Ltd
Jan
9
20
45
ZZ5o
Dominion Tar
Canada
67/4 May
16% May
,45
6'/4
Curtis Mfg Cp
Jan
i
II
Co common
preferred
Canadian Industrial
.
25
Dominion Textile Co Ltd
Caiiite
32
40 %
CUban
Feb
25
•
Bnrrr-Biscuit Corp..Butler <p R) common
California
Jan
Mar
14% Mar
■
1,000
31% Feb
5% Feb
31
Feb
127/8 Apr
47/e Jan
31
*
Feb
—
Calamba
11
26 »A
1,100
1,800
11,000
2,200
Curtis
31% Apr
277/8 Jan
23% Apr
-10i
Silk Mills Ltd
St
150
32,300
"5%
5%
Jan
65
Mar
Feb
Buckeye Pipe Line™
•
Soaaer Hill St
Sullivan....—i.—2.50
Burma Corp Am dep rets
\
May
15
Jan
8
«
Cuban
'
v
-
A preferred
Fortnan Distillers.
prior preferred—
Cables
157
Feb
May
May
207/a Apr
151/2 May
•
18
7%
"•
Crystal Oil Refining
$6 preferred
39% Jan
Feb
«i
Class
-
13%
17.
177/2
.1
"%
56% Jan
36
£i
reg
Brown
Bruck
15
77/2
Feb
Feb
700
201/4
14%
Crown Drug; Co common——
May
20%
"*•
Rubber Co
140
/ May
184% May
377^ May
200
19%
27% x28'/s
71%
Petroleum
Crown
v
Did feg—
iELi
■20%
140
600 /
120
Feb
4
Jan
Jan
Feb
26%
900
V
18
Apr
Jan
150
'
14,400
15
warrants-
Co
St Reynolds
Crown Cbrk
6% Jan
5% May
6,200
.
•
—
Columbia Power class a
Brown
180
156
15
2%
8,000
1457/2 150
common
Croft
Jan
6
•
Class B
Bruce
153
14%
2,050
,
36%
145%
;
Crosley Motors Inc
33
Co..——Z
British Celanese Ltd-*
$5
35%
153
American dep receipts (ord reg)—£)
Creole Petroleum
g
22% May
16% Feb
A
Fence & Wire
-.35%
Inc
von
Crowley Milner &
Jan
•
American Tobacoo—
Am dep rects ord
bearer...
Brown
3
•
12%
34% Jan
Apr
140% X142%
i
i
British
British
18
2%
.
175'/2 1787/2
Co
40% Jan
35%
45
"•
Bridgeport Oil Co
Ai.uu Mfg Co common
ord
*15%
2%
convertible preferred
Courtaulds Ltd—
Feb
12
.
rets
18
•176
$6 preferred A
May
55%
36
142%
'^wsteT Aeronautical
Bridgeport Gas Light Co
9%
194
Jan
4% Mar
v
Inc.
dep
Range
Cosden
Apr
19%
.28
Brazilian Traction
Lgfc & Pvr
Breeze Corp common
39%
May
45
Borne Scrymser Co—..
Am
737/2 May
ion
4% preferred series C_
Coro
May
May
May
2,100
Z
Co common
let nreferrftd
American Oil
400
..25
Consol G E L P Bait
common
4%% series B preferred..—
Con
33% May
26% May
37% Jan
50
—
|
,
194
26%
•
ZZZZZZZl
iH Ci
32
Feb
28
common
-
Jan
25
optional convertible
preferred—.*
Blumenthal (S) St Co.———
•
Brxma
74%
'
Cornucopia Gold Mines..;
Feb
12
17
__2.50
preferred.
Ridge Corp common
475
26%
10o
®frkey ft Gay Furniture—Z
Class
73%
29
14
extended to 1946...
Copper
21% Jan
125
sickrords Inc common.
1
Birdsboro Steel
Fdy it Mach Co com—*
Blauner's common
•
x
74%
203/4 May
88
May
Cook Paint & Varnish Co..
8% Jan
1,500
32
~7nn
of Canada...
Convertible
207/b Mar
Textile Co—.
Continental Fdy & Machine Co
Feb
20%
2,375
Consol
Mar
H%
26%
Consolidated Steel Corp
Jan
103/4
22
24
.
Consolidated Mining St Smelt Ltd
Consolidated Retail Stores
Consolidated Royalty Oil
42% Feb
1
®eHaaca Aircraft common—111111._Il
Bell Tel
Bourjoi8
41'/a
10% Jan
8
Brummel Ties
Beaunit Mills Inc new common
Beck (A S) Shoe
Corp _.
Bohack
200
167/a Mar
/
common
Beau
Blue
42%
200
26
•
—
May
n%
——
Mfg—
63
Feb
—
rnrn
$1.20 convertible A
&
393/4
3,500
411%
Basic Refractories Inn
■
Ba-iimann (L) Common———
■7% 1st preferred
1
Benson
63
shares
Barium
_
60%
Jan
6,800
t
Conn Gas St Coke
Secur
Jan
8
1
St Southern
Apr
53% May
52 % May
107/a Feb
18
-
Airlines
$3 preferred
Consolidated Biscuit
07/4
16 7/2
1667/a
7%
1
Arms
V t
B
607/4
Jan
•
Consolidated Gas Utilities
Babcock ft Wilcox Co.
Baldwin Locomotive—
Jan'
36
•
Community Public Service™
Community Water Service
Compo Shoe Machinery—
10% Jan
22% Jan
28
Apr
41
May
Feb
263/4
38
—
38
Jan
37
375
177/a
Development ordinary
Commonwealth
13% Apr
38% May
18% Jan
8 % Mar
106
460
52>/2
—...10
Columbia Gas & Electric—
5% preference
Jan
Mar
450
53»/2
154»/2 159'/2
7%
100
s
May
15'/4 May
52% May
Jan
48
»■
Industries Inc
106
48
nSf°-rai° .Futelm& Iron wrnts'Tnew)
patent Fire
16% Jan
20%
263/4
21%
25
May
8
15%
159'/2
Claude Neon
Lights Inc ——Z—ZZZl
Clayton & Lambert Mfg..
.4
Cleveland
^Electric Illuminating......*
Clinchfield Coal Corp
"
Colonial
27% Jan
14% May
3% Feb
4,800
37
Club Aluminum
12% May
97/4
3,600
•
Colon
Apr
12%
8
'
,
ZZZI'Z
Utensil Co—
Cockshutt Plow Co common
Jan
U%
12%
"*T*
Feb
27/4
2,300
in
Jan
.
10%
2%
10%
" "
ll
115%
15,500
4
„_100
$6 preferred BB._^
Clinton
157/8
52%
ZZZIl
77/8 Apr
8% Apr
10% Mar
Machine.—.———*
& Sons common
May
147/2
49
,10
60c preferred B
Colt
Z—
preferred
900
13%
.
Ayrshire Collieries Cnrp
14%
Feb
Feb
10% Mar
22%
Associated Laundries of America
•
Associated Tel & Tel class A
•
Atlanta Blrm ft Coast RR
Go pfd—100
Atlantic Coast Fisheries
Atlantic Coast Line Co
~wn
...
Jan
5%
5%
112% Jan
Aro
Atlas
10%
48% Apr
115% Jan
10% Feb
5,100
3,200
Light $7 preferred.*
Equipment Corp
a an
Ashland Oil St Refining Co
i
Associated Electric Industries—
American dep rects
reg_,
—..:
May
6% Feb
Mar
1,900
45%
;iqg ?
5
35
5%
15
___g
Mining.
High
31% May
Jan
May
lO'A Jan
517/a
3
City Auto Stamping
City & Suburban Homes
Clark Controller Co
21
Jan
18
51/4
5%
18
2,100
106
10
Cities Service common
$8 Preferred.
;
Low
317/a
I_II_8
Co preferred
12% Feb
143/a
143/a
—•
Atlas Corp warrants—
Jan
Range Since January 1
High
28%
loo
& Mach
Sj^LConsolldated
lOhilda
Feb
May
7% Feb
6% Jan
9
Jan
113/8
•
Arkansas Power &
?
3ya
_
•
Arkansas Natural Gas common
Common class A
non-voting
6%
preferred;.—.
43
2,100.
29
ser
Cessna Aircraft Co
common..
Chamberlin Co of America
Cuuris Corp common
Jan
May
121
3,700
"3%
pfd opt div
Chicago Rivet
15%
231/z
2%
Apr
31%
Shares
100
247/e May
11% Apr
9,100
•
3%
pfd™
Oherry-Burrell common
Chesebrough Mfg new common
39
223/4
237/4
1
57% May
57% May
41% May
8%
—
1,225
119%
I /
—1•
...
48
Jan
41
Products
it South West Utilities
50c
SCent States Elec 6%
preferred—.100
7% preferred
100
Conv pfd opt div ser
100
Conv
Jan
.
5%
3% Mar
300
•
Plywood Corp
Automatic Products
24
18% May
8,700
48
Steel
Central Pow & Lt 4%
29% May
32% Jan
Apr
Ohio
,
'
„•
.....
$6
.8%
Jan
52%
457/8
Republics
—.—IZZZZTlO
SealtKap common
__2
Superpower Corp com...—lOo
Av«y (BF>
Feb
31
American
Voting
54
521/2
American
Automatic
Jan
29%
*
American
52
X441/2
Co
preferred
$5 series preferred
American Thread, 5%
25
31
Class B
1st
Feb
45
——
Low
Owmral
47
Central
for Week
of Prices
Par
525
50
49%
High
Sales
Range
Last
Sale Price
22JA May
50% Apr
Jan
.20
_
American Light & Trao common.
6%
preferred™.
American Mfg Co common...
Amer
Low
14
100
20%
Week's
Friday
Exchange
Range Since January 1
25
American Hard Rubber Co
American Laundry Mach
Maraoaibo
STOCKS
New York Curb
Shares
High
,
20%
.
American Meter Co
American Potash & Chem
for Week
of Prices
Par
American General Corp common.—10o
,62 convertible preferred
l
i • $2.50 convertible preferred—
l
American
Sales
20
52%
117
4,000
13 Vb
120
Jan
Jan
.21
Jan
<
States Corp.
Apr
$5 preferred
Easy Washing Machine B.
Economy Grocery Stores.
"5
r'--l
101%
73/4
14,400
150
881/2
1,500
86
6
Jan
65
Feb
37 Vs Mar
•
41
50
-
5
14,200
973/4 103
1,625
69
Mar
975
68
Mar
50
Apr
-
4%
97
92%; 98%
50%-
50%
511/2
950
14%
15%
8,600
50
3% May
Jan
8
104% May
97'/2 Jan
,
92
.
May
427/2 Jan
5
Jan
103
May
98 7% May
Eastern Sugar Associates—
May
87%.
6%:
1041/4 IO41/2
41
-
$7 preferred series A.
$6 preferred series B.
68
14%
Apr
307/4 May
51
Apr
207/a May
1201/1 May
•
1041/2
,
Eastern
120
Feb
Jan
ll7/a Mar
17% Mar
34% Jan,
'
.100
Eastern Malleable Iron
Jan
May
29% Apr
Jan
prior preferred
preferred....
.100
6%
Electric
$3.50
Bond ft Share
common.
pfd formerly $5.
$4.20 pfd. formerly $6——.
_15%
24%
41% 141%
247/e 25V4
75
75
77- UX
76%
•
■
75
-
771/2
28,600
200
1,300
11% Mar
25
18%
Jan
Jan
563/4
Jan
15% May
417/2 May
267/4 Apr
707/4 Apr
777% Mar-
73
78% Jan
Apr
.Volume 163
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4495
3023
NEW YORK CURB EXCHANGE
RANGE FOR WEEK ENDING MAY 31
'
1
STOCKS
Friday
Week's
Range
for Week
Sale Price
Of Prices
Par
Low
Elliott-
Co
5%
'
Eureka
Pipe
6,100
67a
Jan
127a
Jan
100
19'A
Feb
27
Apr
28'/a
28 Va
29
1,800
307a
Apr
31%
34%
4,500
397a
Feb
Line
51
100
'
51
287a May
24% Jan
109
157a
"4
Apr
Mar
16
Co..
Apr
.Ireland'
—
t
$2.50
17
1778
Jan
Indiana Service 6% preferred——100
1% preferred
100
147a
Jan
22
Feb
Insurance Co
108%
Jan
34
Apr
International Cigar Machine.
International Hydro Electric—
Airplane.
*
—....
50 to' $1 Stores—
Ford Motor Co Lett—
950
78
Jan
115
Feb
22
500
217a May
317a Mar
2672
407a
Jan
3574
2,300
13%
4,000
117a
(Peter)
277a
50
25
Jan
64
70
617a May
133/a
—
2574
26
25
200
11
8%
7% May
15%
Jan
15%
Jan
14% Jan
30% Jan
2«7* Apr
90
Jan
108
£,272
Jan
120
700
94
Jan
112
120
■
May
26%
27
500
26
Jan
May
Jan
33% Jan
6874
69
1,200
58
Mar
73% Apr
108
2T
■I
120
.,70
108 %
'*
"
-
.*
"*L
Jan
31 y* May
21
Feb
16% May
3174 May
243/4 Jan
2872
—
35
27
50
Interstate Power $7
403/4
1,500
273/4
27
28
2974
28%
2974
85
85
85
2774
,..—,*
,
preferred,,.
■
Mar
85
10
Jan
28
May
Mar
115
1H
11,800
Xl7
173/a
r'
67a
5
common
preferred
67a
153/4
153%
61
58
—•
—
15
600
16
.
.
Jan
16
4%
Jan
7% Mar
16% May
14% May
2,300
>■ 900
,
24%
103/a
1,600
63/a
63
16% May
400
17%
14%
143/4
*■
Royalty...
Iron Fireman Mfg voting trust ctfs
Irving Air Chute
Italian Superpower A.
.1
10%
•'^V*
4,600
307a
600
26
800
27a Apr
1074
3
2%
107a
3
27a
*
May
3% Feb
107a May
1,000
27a
Jan
May
63
Mar
Jan
30 Va
27a
287a
1
•
1003A
32
Feb
137a
Jan
Jan
37a Apr
23%
10874
Jeannette
Glass
Co
common
23%
24%
335
110% 111
111
Jan,
109 7a Feb
1G9 7a Mar
290
11174
10874 May
Jan
317* Apr
106
720
11174
May
26
17% May
1,600
10874
108
111
x26
11174 Mar
112%
Jan
Feb
131
1
Jersey Central Pwr ft Lt
pfd—aim)
6% preferred-.
100
7%
preferred
—————100
Julian ft Kokenge Co—————*
Jan
May
30% May
55
May
343/4 Feb
Mar
30
550
97a
40 3A.
Jan
19
3,000
"
common.
16 3A xl77a
1774
200
73/4 Mar
57a May
77» Mar
200
38%
—10
3174
Jan
26
57a
Utilities
International
Jan
24
57a
shares..,..——*
Products
3174
-
Jan
1,600
X39
,„
convertible
Industries A
3,400
161%
*117
—1
Investors
Apr
293A
7
257a
77s
57a
Fuller (Geo A) Co.
$3 conv stock
4%
Co...
International (Safety Razor B
Feb
317a
Apr
Registered
Feb
Mar
1,200
25
—-
*
Brewing
Franklin Stores
JW
■
International
Feb
29
707a
May
257a May
77a
257a
—
■
bearer.
;Froedlert Gram A Malt
—.
International Petroleum coupon shs—*
Apr
17%
Jan
27%
64
13%
—
377a
Fort Pitt Brewing Co—
Fox
Feb
6%
91
64
Class B voting.
Ford Motor of France—
rets
8%
5%' Jan
674
217a
—
non-voting—
dep
107%
•
Warrants
"
Am dep rets ord
reg,
Ford Motor of Canada-
Amer
,177a Feb
Jan
137a
1,700
55,000
87
36
.
.
A
1574
67a
1
Federal Compress & Warehouse Co—21
Association (Phlla)...
H
Fishman (M H) Co—
Class
14%
22
Fire
series
International Investment
8974
Fedders-Quigan Corp
•
North America—.10
$3.50
137a
Apr
37
Jan
International Minerals and Chemicals-
Brewing—.
Fansteel Metallurgical
106
120
1,100
High
Low
25
ft
f-1
56
11%
Range Stoed January 1
'v
12% Jan
Jan
of
s
900 /
xl2% May
13% Jan
Jan
International Metal
15
pfd—
conv
X12%
37a
10
FalrchUd Camera ft lost Co.
Falstafl
13
497a
•
'
34
•
675
Jan
High
1
13,100
4%
Sales
for Week
Shares.
774 Jan
4
F
FalrchUd Engine A
337a
53
33/4
52
—.
Preferred
.
34
3074
10«
-1
common.
112
13
400
157a
Jan
Zinc
Registered
Imperial Tobacco of Canada
Imperial Tobacco of Great Britain
537a Apr
4972 May
50
~~
—I
—
z
12%
23%
Range
of Prices
Low
a
Imperial Chemical Industries-—
Am dep rets regis
II
—•
Imperial Oil (Can) coupon.
11%
•/"/.Week's';,;;
Last
Par
Illinois
23%
.50
I
Sale Price
Apr
32%
qommon —15
-
•
High
165
Feb
139
100
11%
Empire District Electric 5% pfdEmsco Derrick & Equipment—
Equity Corp cominon
$3 convertible preferredEsquire Inc
<
LOW
159
f. Friday
Exchange
Range Since January 1
Shares
23'A
common
preferred
New York Curb
High
159
Electric Power A Light 2d
pfd
Option warrants.....
Electrographto Corp....
Elgin National Watch Co
STOCKS
Sales
Last
New York Curb Exchange
Jan
K
Kansas Gas ft Else 1%
G
Garrett Corp common.
Gauueau
rower
co
Kawneer
Kennedy's
17%
common——.*
preferred
—104
Gellman Mfg Co common..—!
General Alloys Co
■„*
Gen Electric Co Ltd—
■
.
5,300
17%
I?3/®
100
14
10
97
Jan
127a
1178
1274
2,700
774
67a
77a
2,200
preferred series A
Apr
Key Co common
67a May
972
Feb
Feb
17%
147a
14
147a
2,200
■<
Jan
18%
125/a
Jan
1774
..
ft
„
.
103/a
General Outdoor Adv 6%
pfd——.105
—
General Plywood Corp
1
General Public Service $6 preferred—*
General Shareholdings Corp com.—!
<6
convertible
preferred.———*
Geoifta Power $6 preferred—
$5 preferred
Gilbert (AC) common
Jan
127a
24
Mar
31%
Apr
10674
106
—
20%
203/4
126
—'
20
21%
800
70
127
674
120
*
——•
Harvester
33%
31%
Cnrp
ff
Consolidated
Mfg
800
33%
7%
5,900
77a
Jan
115
111
325
104%
104% 105
2%
2%
27
437a
Jan
55
Feb
21 %
60
2%
23,300
1974
300
36
,
x26
Jan
Mar
19
672
,«
24%
Apr
44
103
Jan
105
Mar
4
Jan
2272
10 3/4 Mar
150
57
May
71
May
4774
Mar
193/a
20
1,200
177a Feb
30%
307a
32%
4,000
2174
377a
143
41
Gypsum Lime A Alabastlne—
500
1443/4
41
30
Jan
135
Mar
145
3874 Mar
45
6,300
4,600
12,000
29
Jan
43
30
30
400
23
Jan
3474 Apr
33
34
1,600
29
Feb
353/4
18
187a
1,800
12
Jan
1%
1% May
——
——
—
-
18
1574
147a
,
*
23/4. Feb
Apr
Apr
19% May
16% Feb
12% Mar
400
1574
Jan
Jan
116
700
28%
7,600
500
Xlll3/4xll2%
60
xlll3A May
100
12 3/4 Mar
127a
1374
7,800
1,700
1,800
..V 50
177a
187a
18
33%
34
15
15
223/4
227a
157a
23%
1174
1174
common.
B.
preferred
413/8
•w —
193/4
■
-
17% May
8% Jan
11 • Jan
17%
107a
18
Mar
11%
413/a
600
97a Jan
37% Jan
30
2%
Feb
3
374
46
53%
8,900
3,000
23%
23
23%
600
10
30%
26
30%
3,100
20
1874
18
19
1,500
297a Mar
12
Feb
—
Common
Apr
Jan
42
207a Mar
Mar
20% May
30% Apr
*-
5..
Class
B
ctfs
267a
257a Mar
25
Mar
26
30
Feb
May
22
Apr
—.1
Logansport Distilling Co
Lone Star Gas Corp commonLong Island Lighting Co7%
3
•
Groceterias
Locke Steel Chain
Jan
173/4 Apr
243/4 May
11% May
417a May
3% Apr
53% May
26 Ya Jan
32
AP*
31
Mar
Jan
700'-
Feb
14
Apr
347a Mar
Jan
31
200
.
231/8
'■ 15% Feb
21
Feb
53%
Class
May
2874 May
157a
3,400
11%
12%
Loblaw
28
42 %
183/4
12%
Llpton (Thos J) Inc 6% preferred...25
i
•
Jan
177a
137a
134
25%
15
87a
11%
187a
Lionel Corp
Apr
Apr
257a
15
1
Co—
Lit Brothers common
Feb
1097a Mar
'24%
•
8
287a May
9Va Feb
113/4 May
117a
1%
Line Material Co
14% May
237a Jan
130% 132
-•
10
1
.
87a
12%
Prior
Jan
11
277a
118
Oil Development—
25
Le Tourneau (R G) Inc
——1
Jan
31
Products common—25a
Gulf State Utilities $4.40 pfd—100
7% Jan
87a Jan
11%
Leonard
Apr
2,900
Grocery Stores
187a Mar
Lefcourt Realty common—
507a Mar
Jan
13,100
Great Northern Paper.
Greenfield Tap A Die—
1,625
Lanston Monotype Machine.
Jan
2
147a
131
Brewing
Class
Feb
397a
stock
25%
Langendorf United Bakeries class
Feb
Atlantic A Pacific Tea—
Non-voting common
1st preferred...
Apr
Apr
243/8
25%
1
Co common
Rubber Co..
Lane Wells Co
Feb
69
137a
7%
827a
Lakey Foundry & Machine.
Lamson Corp of Delaware.
Jan
87a
Jan
Jan
65
34,
X593A x60J/a
■
94
Jan
1147a
Lake Shore Mines Ltd.
May
137a
...—I
Jan.
■76
—1
(D Emil)
Crueger
May
397a
Stores
86
20
Kobacker Stores new common—1
Apr
pfd—25
——10
May
'50
807a
—-
Feb
297a
——1
conv
115
89
807a
—
Jan
Jan
Jan
4872
19%
common
Jan
8874
297a Jan,
Jan
30
~1
Jan
8874
675
1,900
Jan
Jan
5,400
68
.10
Rapids Varnish
Great
2,600
21% x223A
"67
A
Gray Mfg Co...
Grayson-Robinson
X26
-*
Mines..
Graham-Paige Motors $5
Grand
21%
7%
Mfg Co—
class
24
25%
68
prior preferred——.
Goodman
Oorham
Apr
May
53
•
Goldfield
Inc
110
478 Mar
27
Coal..
Gorham
63/a
Feb
9% Feb
157a
133/a
24
'
100
Knott Corp common
193/4
Gobel (Adolf) Inc common.
Godchaux Sugars class A..
Class
B__
$4.50
Apr
131
Jan
Kleinert
104
1,100
107
•
Alden
110
Klein
; May
2972 May
6% Jan
9%: Apr
22
May
12
Products
(1 B)
850
Feb
22
Petroleum
Jan
237a
Jan
110
6
106
Gladding McBean ft Co.
Olen
117a
K1ihy
Apr
109
104.3/4 Feb
1117a
6
107
Co..
Gleaner
Jan
7%
-:- 29
Jan
19
227a-
Klrkland Lake G M Co Ltd
93/8
150
———*
Preferred
Gilchrist
9
600
93/4
6%
1
1
100
Apr
Feb
Kingston
107a
28%
9%
7%
1872
1
—
100
100
__
277a
•
287a
•
600
500
•
Co
107a
11
—
General Fireproofing common..—.—•
.
29
297a
0
_
(Walter)
Kimberly-Clark Corp—
472 %
preferred
Kings Co Lighting 7% pfd B
5% preferred D
King Seeley Corp..
Jan
>
dep rets ord reg—11
General Finance Corp common.
.....I
5%
Ken-Rad Tube ft Lamp A
Kidde
—
28
283/4
123% Apr
1217* Jan
-
—
29
297a
Tnn
Apr
1013A May
1474 Jan
97a Mar
Amer
•
18
Jan
101% 1013/4
—
17%
preferred—.100
..
—
187b
107a Jan
163/4
17%
6%
Co
of
preferred A
preferred B
Louisiana Land ft
Louisiana Power ft
dep.
ctfs of dep.
ctfs of dep.
Exploration.
Light $6 pfd
Lynch Corp new common
27%
277a
..1
207a
203/8
.10
197a
1974
.r.
207/a
193/4
2%
3
200
Feb
2,000
4,200
3
18
15% Jan
48,600
:2% Jan
Feb
Feb
4. got
150
967*
425
927a
Apr
Apr
117
105
108
104
1474
*
—2
May
a3/* Feb
.
1123/4 113
104
Feb
13%
143/4
35,900
Jan
1117a Jan
24%
24
253/a
1,200
217* Mar
10 V8
143/4 May
117
Apr
26 Va
Apr
H
Ran
Lamp
Hamilton
Co.—.—.
Bridge
Hammermill
Co
15%
Brewing Co.
otfs
.1
Hearn
47+
——
Dept Stores
Hecla
common..
Heller
11%
500
4%.
9%
9,600
4 3/4
2,000
11
22
12
2,400
217a
X22%
23,
1,000
22
23%
16,%
177s
3,200
3,200
39
177a
e-
407a
300
common
...
,•
.
—2
17
17
5%% preferred w w ——.100
Henry Holt ft Co common—
1
237a
237a
Heydert Chemical common.
41 •
403/4
4274
767a
74
767a
200
24%
Hoe
A Co class
(R)
iu
Consolidated G
Hollinger
1
A—
M
I
(Geo A)
i
•
Horn & Hardart common
preferred
5%
Howard
Stores
,*
—.—.—100
Corp.—.—
—1
Feb
117a
May
727a
Feb
Mar
143/a
157a
Feb
2372
Feb
1574
133/a
xl3%
31
Feb
197a
16% Jan
3474 May
80
>£•
.43%
Feb
133/a May
173/4
100
2274 Jan
Apr
^ <1
1
225
377a
112
I
1,350
327a
4472
Jan
Hubbell
(Harvey) Inc...
&
Hummel-Ross
Hurd Lock &
Hussmann
33
Refining
Corp.
Mfg Co——
Ligomer
48% May
5
:
—*
■
stk purch warrants
■■*:
—
Huyler's common
1
1st preferred
—.—1
Hydro Electric Securities
——*
Hygrade Food Products.
,,l
'
3374
127a
200
277a Mar
7574
6,800
48% Jan
2,000
10
12%
2,600
1074 May
1,200
237a Mar
10%
367a
3574
36%
49
49
49
203/4
197a
10::
!93/4
103/4
517a
517a
63/4
533/4
63/4
200
46
47%
1,400
"•
467s
:
203/4
450
457a
975
..
15
Jan
Mar
.
20% May'
'/
5 %
conv
Dividend
For
arrear
ctfs
footnotes
see
page
3026.
693A
67%
22%
JH
preferred
22
223/a
22
.2,600
34%
33
34%
874
8
874
2,100
53/4
7
21,300
5 3/4 May
217a Feb.
183/a May
2,300
•
33
3274X33
193/4
1974
20%
10,300
1,300
1
103/4
300
87* Jan
25
1097a Jan
6% Jan
73/8
8%
8,600
13
127a
1474
1,000
874
8
8%
1,700
73/4
157a
47a
157a
4
157a
150
43/s
3,500
137a
900-
213/4
1,900
18
common————8
31%
Middle
West
Corp
Jan
113/4
Apr
Midland
573/4
Apr
5
7%
Apr
4
4
317*
2274 Jan
47% May
Oil
6,100
31
2.600
663/4 Mar
61
3,300
18%
23
Feb
Jan
397a
Apr
Apr
Apr
Corp
$2
conv
Co
Piping
Co
P
ft
L
5%
Jan
62
6% May
14
Feb
3% May
103/4
Apr
19
Feb
157s Feb
.
17% Jan
5% Jan
143/a May
243/4 Apr
30
900
3674 Jan
6%
77a
1,300
147a
1,300
41
41
•
100
50
*8%
4%
57a
177a
57s
Mar
93/4 Feb
200
307*
427a
May
11% Jan
14,% May
31% May
16
Jan
133/4
———•
pfd
12% Jan
<112
-2074 Apr
47a May
77a
1
Mining Corp of Canada
Minnesota
30
407a
50c
common
87s Apr
May
26% Jan
35:
Jan
2,800
20,000
14%
ft Supply—
Refineries
Miller Wohl
37% Apr
10
Jan
125
4%
31%
13%
50
Co—
22% Jan
Apr
24
Mar
2072 Jan
13
Mar
800
———10
Abrasive
Oil
30
42%
Jan
47
372
'•?
common
*
•
$2 non-cum dividend shares.,.;
Midi ale
137a
preferred—*
4%
Jan
Midland Steel Products—
Jan
93/e
58
13
.
42
1107a 1107a
1774
Mid-West
35
693A
203/4
2074
Midwest
33,%
21 %
Jan
167a Jan
25
Feb
7% May
137a
Jan
•
I
•
15% Feb
1774
Mid-West
35
—
8
Jan
947a Jan
175
7
Corp..——1250
43
183/4 Apr
3,100
166
425
27a May
Jan-
1874
•
Scott
preferred
2,700
137*
46
1
common—.—
ft
127a Jan.
163/4
2174
Midwest
Illinois Power Co common.
—1
—6
May
6% Mar
I *3,9% Jan
45
177a
Middle States Petroleum class A v t o.l
Class B v 10——..in,'.......... —1 ■
12% May
36% May
50% Mar
800
Michigan Bumper Corp——1
Michigan Steel Tube
—2.50
Michigan Sugar,Co—•
Preferred
———10 Micromatic Hone Corp
—1
203/8 May
Mar
5,400
173/4
14%
Participating preferred——18
7574 May
19%
A
Metal Textile
3374 Jan
717a
19%
,
193/a
Co
$2.25 preferred—.......,....—
Com
75
Fibre
37a
177a
pfd—100
*
——*
——*
Messabl Iron Co
•
Humble Oil
5,400
374
———•
common
Chapman
6%%
II53/4 Mar
Feb
'
947a
157a
374
157a
103/4
Merrltt
May
447a May
May
Corp
Menasco
Mfg
Co
Mercantile Stores
170
Feb
6
36
173/4
Mead Johnson & Co
237a May
Feb
•60
400
900
1
Memphis Natural Gas common
32% May
Jan
87a Jan
567a May
26
Jan
7
537a
67s Feb
0
common
$2.50 preferred
McWilliams Dredging
Jan
1,000
4474
447a
457a
McCord
Jan
Feb
Mar
40% Jan
51
x Feb
217a May
51
j,
*
McColl-Frontenac Oil Co 6%
4574 May
65
140
4
t
Massey Harris
Apr
May
263/8
4074
1
113 '
Feb
20%
1
18
147a Mar
n
Mass Utilities Association v t
Apr
1,000
137a
Communication Co Tttfl
Marion Power Shovel
Feb
48
cemmon
Marconi Internet Marine
Apr
3772 Mar
167a May
31
.
.1
Manischewitz (The B) CO—.———*
Mapes Consolidated Mfg Co—
*
Mangel Stores
Jan
26%
107a Apr
20% Mar
6%
Manatl Sugar optional warrants—.
g3/tt May
774 Jan
57a Mar
4
Apr
5,300
.
M
Feb
52 3/4
1,375
A Co common—.—*
Horn & Hardart Baking Co
173/4
Mar
Jan
8 3A
1077a
Holophane Co common
—•
Holder's Inc...........,-—......
*
Horrnel
14
35 74 Mar
1574 Mar
*
—
Co
•
3i!
Mining Co
Helena Rubinstein.
Class A
1,500
~8%
8%
,
„,
Corp
1,200
107s
ji a
Hat Corp of America B non-vot com—1
Hazeltine
15%
52
67
.10
Hartford Electric Light.
Hartford Rayon voting trust
Harvard
147a
10%
51
Ltd.
Paper.
187a
3,900
3,000
8%
8%
4,300
May
67* Apr
11
33
V
35
47
■'[
•' J
Jan
Feb
9% Jan
Feb
14% May
Jan
41
May
6
Jan
4% Mar
167a May
8% Jan
105% Mar
197a May
11% Jan
107 ya Feb
CHRONICLE
THE COMMERCIAL & FINANCIAL
Monday, June 3, 194Q
NEW YORK CURB EXCHANGE
RANGE FOR WEEK ENDING MAY
'.o"'. 8 T O C
■
Friday
Week's
Last
New York Curb Exchange
Curb Exchange
New York
31
•V> V STOCKS
Range
Par.
1
Pleasant Valley Wine Co
Pneumatic Scale common
—10;!
Low
•
9%
—
8%
—
Polaris Mining Co
-250
8
8
Powdrell .&
.2.50
—*
25
25
Alexander common.
Corp of Canada com
Power
Sales
v'
of Prices
Sale Price
High
10
—
8%
26
-
\
for Week
Shares
Range Since January 1
•.
.
7,100
—;
Low
..
.
High
6% •Jan".
19
10
:May
27% Jan
May
5,300
7% Mar
1,700
17% Mar
12% Mar
—
10%
6
%' 1st
tfreferred-.^——**i.
,
Pratt
& T.ftmhorfc
r»rt
60'
Gold Mining
Inc common
95
Metals
Premier
20%
3%
Prentlce-Hall
Pressea
Jan
28% May
15% May
•
'
of
America
3
of
Jan
Feb
18.%: Apr
10% Jan
Gas
Public Service
Feb
*
Producers Corp of Nevada
Prosperity Co class B
Providence
Apr
May
Colorado—
0%
1st preferred
1%
1st preferred—.
112
May,
117
—
May
Puget Sound Power & Light—
113% May
$5 prior preferred
Puget Sound Pulp & Timber—
Pyle-National Co common
Pyrene Manufacturing
Nachman
Rights w i
National
7%
•
*
—1
Corp
Bellas Hess common—
Na"onal
—•
common.—
preferred
City Lines common
-.29
—
Fuel Gas
Nauonai
_
72%
217/a
2
Cooker
Pressure
Rubber
Steel
Macumery
Nebraska Power 7 %
New
—..*
preferred—
;.;f $2 preferred
New England Tel St Tel
New Haven Clock & Watch Co
.
72
May
87
21
21%
111
16%
11%
133% 135%
33%
13%
Feb
113
Apr
22
10
106%
33%
27% Mar
13
May
'May
72
N
Y
Y
&
Y
17%
10
Feb
53
—
—10
Honduras Rosar'o.
Jan
81% Feb
11% Mar
9% Jan
Merchandise
32
Jan
54% Feb
City Omnibus warrants
N
N
135% May
16% May
1
7% Jan
9%
—•
common
Jan
Jan
106 % May
35
Apr
126% Mar
14%
Apr
19
12%
Mar
——,•
New Process Co common
24% Feb
84% Feb
79%
_1
Feb
Jan
27
25
Zinc
4%
Mar
27% May
61
May
18% May
19
Mar
'64% Jan
X35
Feb
N Y Shipbuilding Corp—
$5.10 pfd.100
N Y State Electric & Gas
N
,
Service
Water
Y
18%
—1
shares
Founders
6%
pfd
107%
—100
80
Niagara Hudson Power common
1
'
\>% 1st preferred.,
,—.
—.100
5% 2d preferred ——........ 100
;
Class B optional warrants
Corp B
'>
:>
North Amer Light
'
•
117
115%
110% Mar
2
2
2%
1% Jan
10% Mar
17 % Mar
12%
12
13%
21%
20%
8% Jan
22%
16% May
3% May
3%
& Power common—1
25% May
7% Jan
10%
preferred.—
134
prior preferred
North
American
Texas Oil
•
1
—
8
Indiana Pub Serv 5%
Northern
Natural
Northern
States
Gas
Power class
9(1
■
,
A_.
t
Oil
Co
Schiff
Co
common——
—*
Inc common-
1
May
45%
Jan
Schulte
45
Jan
M 34
Ohio
Brass
Ohio
.——4
class B
Co
Feb
A)
(D
Manufacturing
————25
bcullin Steel Co common..————*
Securities Corp General
1
Seeman Bros Ino
—
*
1%
Public Service
1st
pfd
100
Old
•.
Natural
Gas
common.—15
Onitea Filters a
Omar Inc.—
14
jj'-■■■• p,;V ,"i.-.rv' v1
;v
'
11% Mar
•
Overseas
Apr
Jan
42
Poindexter Distillery.——.*—!
^nver
Feb
115% May
110%
■
Oklahoma
Selby Shoe Co
Selected Industries Inc common
Convertible stock
114%
■ih- 0 % 1st preferred——,*u*—****—.100
.
Seiberling Rubber new common
34% Jan
108
j
Hardware——1
3% Jan
•
common
preferred..
—J!
—
ecovill
10% Feb
14%
United Corp common
Segal Lock St
Ohio Power 4%%"
12
i
Mar
%
Jan
18% Jan
$5.50 prior stock—*—..,■
Allotment certificates—
1.1
5% %
:
<
1st
-
Pacific Lighcing $5 preferred
*1.30
1st
Tubes common
American Airways warrants
Pan
Motors
,
Com
►'arxersburg
Kig
Keei
<u
;
Jan
Simplicity
Feb
$1
cum
Telephone
•
common—
preferred
.
Pevuroeo Curp coiumuh...
.
,.i'
t
48% Jan
29% May
25
....I
8
„
Jan
Penn-Dixie Cement warrants..
^
—1
Singer
„..,
Peninsular
3%
Singer
May
61% Jan
a
8%.
common————25
4% preferred——
..—100
Sherwin-Williams of Canada——*
Slck's Breweries Ltd
*
Sllex Co common
*
Simmons-Boardman Publications—
$3 convertible preferred
*
Jan
23
MU1«
7%
3%
Sber win-Williams
39% Feb
5
Pivmnnth
Patchogue
Jan
7% May
10%
15
:■;/t
Co
Pen
Jan
27
Pantepec Oil of Venezuela Am shs
Parker
Jan
May
26 Va
*
109% 109%
23% x24%
Co———————-J
11%
preferred*...—*,*.——***•
6%
32%
103%
•
Water St Power
Sheller Mfg
113
•
31%
102
——}
Shawinignn
Jan
105 y4
100
Page-Hersey
.,
Apr
38% May
•
pfd
Denn Mining—
23%
29
5%
—*
42
.25
Pacific Power St Light 1%
Pacific Public > Service
i■>"I-"35
11%
1st pfd—.*—25
preferred
—
(R
Shattuck
——•
common
Pacific Gas St Elec 6%
22%
27%
1
—'
1
B) Inc
————I
Sentinel Radio Corp common
1
Sentry Safety Control
——1
Serrick Corp class B—
———J
Semler
Seton Leather common
Paelflo Can CO
1
—1
Savoy
57%
*...• 38
Ogden Corp common
5
Regis Paper common
Salt Dome Oil Co
Samson
25
Northrop Aircraft Ino
Novadel-Agene Corp..
—•
Ltd-
Class A $2 cony pre!«»*■■ .,i,.50
108
pfd—100
.
Jan
St Lawrence Corp
St
16% May
104
Jan
171%
50
Northern
Jan
49% Feb
50% Apr
6% Jan
..—...5
Co
RR
Penn
(J2%
.
50
s
Airlines
Northeast
North
•
Utility Securities—..*
Central
Northern
V.
,
Feb
49%
..i,
Class B ^nimnn
6%
Jan
.
North American Rayon class: A::
.
120%
114
Electric——30Mi
Noma
$6
15
119
———1,
——5
Mines—
$•£'•5 Vi••
>
106% May
80
May
115
5
com
Niles-Bement-Pond
Nlpissing
14
81%
•
Niagara Share Corp class B
•\ i
80
Jan
14%
119
*:
Nineteen Hundred
106% 107%
15
Pennsyit'ania Edison Co $5 series pfd.*
$2.80 series preferred
Pattern
common
Manufacturing Co
100
Manufacturing Co Ltd—
Amer dep rets ord regis
£1
Sioux City Gas & Elec Co—
3.90% preferred—————4—100
Smith (Howard)
Paper Mills
*
Solar
Solar
Aircraft Co
—
Manufacturing Co
-J
1
73% Mar
Penn
Gas &
Penn
Power
Elec class
«fc
A
com
Light 4%%
£*e&& Traffic Co.
Penn
Wster
100
—2.50
& Power Oo
Pepperell Mfg Co
Perfect Circle
new
..*——•
Electric
Pnillips
Co
Pierce
Governor
Pinchin
Johnson
Pioneer
Gold
Piper
Pitts
oi
,9
Jan
7%
Jan
May
49%
28
15%
Ltd
«
Am Shs
E
Jan
II
com
;
For-footnotes
II*
page
.5
-
3026»
-
Manufacturing common***,,
.1
———1
Penn Oil
—25
Southwest Pa Pipe Line
—10
Boss
South Coast Corp common
South
California Edison—
original preferred
25
preferred B ...
———25
5%% preferred series C
—25
Southern New England Telephone..100
Southern
5%
6%
Jan
Southern
May
Southern
12%
Southland
Mar
Spencer Shoe Corp.———
Stahl-Meyer Inc
Btandard Brewing Co.
—-—*
*
13
10%
10%
19
19%
10%
Phosphate Co.—.—*—18
Line.—.,, ',.*■■ .,10
Royalty Co
—5
Pipe
Feb;:
10%
11%
12
2%
2%
38%
39%
33%
39%
—.——10
X29%
Convertible
Y*
see
Corp...—.—*—■ ■■..■■■.I
Standard Cap & Seal common
Hjj
HgQ
common
Bono tone
......10
Btandard Dredging Corp common
1
$1.60 convertible preferred...
2v
1
RR_i
V |>L#
23
_I
.—.
Ltd
Pittsburgh 'Metallurgical
'■jr.,v
V
Apr
14%
25
common
Mines
L
6
16% Mar
•
pfd
Co..
Aircraft Corp
Bess
t
,
5%
Pltney-Bowes Inc
f)4i4
48% May
113%
46% Apr
Power
Packing
:
74
20
common
Pharis TjLre St Rubber.
Philadelphia Co common
Phlla
.*
-
pfd
Mar
V<
Standard
Oil
103
2.78
1
preferred
(Ky)__—
-
6%
25
7%
25%
30%
Feb
167% Jan
16
23% Mar
14
12
134%
70
15% Jan
3 7% May
18% Apr
12% Jan
22
,30
Quaker Oats common
6%
preferred
Quebec Power Co*—.
x26% May
108%
20
21%
Feb
14%
—•
New Mexico Bi Arizona Land
May
Apr
12% Mar
3% Apr
7% Jan
105
•
New Idea Inc common
Co
72%
12
106%
•
100
•
100
6%
Auction
38
72
16%
21%
*
—
class A
England Power Associates
N Y
Feb
18%
6
Meter common
New Jersey
18
111
100
preferred
Corp
(Herman)
Neptune
Nestle Le Mur Co
21% Jan
14% Jan
13
3%
11%
National Transit—
wplson
15%
37%
Ltd
Car
x49% May
17% Jan
15%
22% Jan
«—•
—*
12.50
National Tunnel & Mines common
1
National Union Radio
—...300
National
National
46% x49%
36%
15%
1
Stores common
National Mfg &
National
;
48%
50fl
——•
National
Apr
23
7%
rfir
—~
Breweries
27
Feb
20% May
Jan
m1.
44":
iVolume 163
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 449$
3025
NEW YORK CURB EXCHANGE
.
Friday
STOCKS
New York Curb Exchange
..
Week's
Last
Range
of Prices):
Sale Price
Low
ir
Standard Power St Light
.•
Preferred
Standard Tube
.—
6%
77/a
132,800
3%
5,000
3JA
Jan,
7
150
150
3,400
6Va
Xl Vb
2,200
10 Va
11 %
138
120
21
2,800
20'A
Sun
80% May
Bell
May
Jan
49 y2
Apr
Jan
31
Apr
7% Mar
10
Feb
,
6% May
il% Mar
2
May
32
-
Jan
*38
—
Mar
28
Co
Cement,
33
May
M
5s
J-J
Its
1964
US
■
series B
,
■
Jan.
6s
-
■&
h 104%
.
18
>May
25
Feb
,
122 ya
124
101%
104%
103%
105%
106
108
108%
110%
Service
deb
47%
Apr
Conv
48
Jan
5s
Jan
1968
Debenture
Inc—
Mar
34%
14
Mar
26y8May
Jan
1st
——1950
5s.——I960
El
Gas
ref
Lt
&
mtge 3s
Pr
•:
116
116
115»/4
119%
'
4112% 114
113
110
105% 110
<
111%
68%
108%
80%
69%
110"
82
106% 111%
68%
105% •
115v
105
103 y4 106%
111 ye
73
66
104% 105%
104 y4
106%
P
ser
104
103% 104%
103
104%
lu4% 105 y2
104%
106%
107%
107 % 107%
105'/a
108
(Bait)—
..1969
1st ref mtge 2%s ser
Consolidated Gas (Bait
Gen
1
ltfo%
Debenture
62%; May
26
5$——
106
$108% 110
■■
——.
Cities
104%
in%
$ 122 Vi 123
102 '
10347
104% 104%
10
'
lACentral States Electric 5s
1948
A5%S
1954
S A Chicago Rys 5s ctfs (part paid >-1927
3% Jan
Highy
,
101%
110%
106
.
Consol
Swan Finch Oil Corp
nTiVi
Range Since
January 1-
109 y8
1957
■,*
■
Sold
8
_.
Bickford's Inc 6%«
;
r1,ipsa
Boston Edison 2%s———1970
8% Jan
'
series C
Bonds
tow
110
—
102
p-^y.
-
$102%
110'/a
A-O
Friday's
High
__
J-J
1953
Telephone of Canada—
1st
3-D
195k
.
Assoo T & T deb 5y»s A
Atlantic City Elec 3y4s
!18% Mar
Corp
Portland
Common
4%s
:
or
Bid & Asked
•
.—
Ray Drug
Jan
Elec
97/a Jan
14V* Feb
18
Co common
Superior
23 %
Associated
24
—
(Hugo) Corp
Stroock (S) & Co common
Sunbeam
io«i
,
Jan
30
Inc
(J B)
Writing Paper
Appalachian Eleo Pow 3 %«..■—1970
Appalachian Pow deb 6s
2024
May
7% Jan
•
Btinnes
Amer
7% May
7% May
160
6
...——
Stein (A) & Co common—.
Sterchl Bros Stores common
Stetson
Feb
17'/a May
Sterling Aluminum Products——
Sterling Brewers Inc
Sterling Engine Co
——
Sterling
v
Last
Sale Price
Low
72% Jan
10%
Interest
Period
High
Jan
7%
..
.1
Corp
Steel Co of Canada
Low
High
6J/a
21
.1
^•'^^v^#|W^#l^nWeek,» Range
New York Curb Exchange
Range Since January 1
Shares
7%
.1
B
class
Starrett (The)
■
.•
—.
Standard Products Co—
Sales
forWeek
7'/a
.1
—
Common class B
RANGE FOR WEEK ENDING MAY St
Q
tl05% 108
1978
106
106 %
City)—
mtge 4%s—
1954
120%; 126:
Delaware Lackawanna & Western RR—
10%
Taggart Corp common
Tampa Electric Co common
35%
Thew
Shovel
xl0%
xl0%
10%
Elmira
)0
24%
23%
25%
Finland
.0
40%
Tnfi
"r,
.
..
i~-
stamped
Guantanamo
Jan
108
Jan
6s
42
Illinois
Indiana
Feb
Jan
A6
15% Feb
Ma s
—J
Products
Preferred
Graphite common
u S and International Securities
warrants
Reclaiming
—500
United Stores common—
2
United Wallpaper, Inc
—.10
Consolidated Oil
Universal
—10
Insurance
Co
Universal products
Utah-Idaho
•
—
8
sugar
Utah Power & Light common
•
10c
1
Utility Equities common
85.50 priority stock
104
3%s
104%
$104%
$113
W
107
1956
$103% 104
102%
104
1963
Gas Light
4%s
series
A_
105%
107%
2022
Amsterdam
deb
73%
1967
1981
Gas
5s
73%
74%
105% 105%
107% 108
112% 112%
1948
$105%.
Venezuelan
5s
98%
100% 101
98%
1950
101
1961
*104
101%
Petroleum
Vogt
Wagner Baking voting trust ctfs ext..*
1%
pw»fwrrwt!
Class R
Waltham
Ward
„
,
Waitt 6c Bfttlfl HttMl A
„•
§
102% 103%
102%
105%
I
?
1964
106%
2004
107 y8
102% 102%
101 %
103%
:
1948
$46%-——
"45%
46%
?
Ohio
Power
1st
1st
Pacific
Power
3V4s
mtge
mtge 3s
Public Service
Ohio
$ 107
1968
1C8 % 108%
1971
4s
1962
ft
$107% 110
104%
v
Watch
y
4-y^ij,
Co
-,
1
s
Baking Co warrants
Warner
Wayne
Aircraft Corp
Knitting Mills.
1
Manufacturing
1.2B
West Texas Utilities $6 preferred——*
West Va Coal ft Coke.——..—..8
Maryland Ry 7% 1st pfd—100
Western Tablet ft
Stationery
•
cool..
Westmoreland
Coal..
—20
Westmoreland
Inc
—10
Weyenberg Shoo Mfg
Whitman
(Wm & Co
I
10
(R C) ft Pn.
,
Willson ProduntS
Wolverine
&
L
4%%
Portland
•
pfd
10
-
.
Woodley Petroleum
Woolworth (P W) Ltd—
j
|
103% 103%
1964
t-il
104% 104%
104
104
104
4%s__i.
5s
1979
Pennsylvania Water & Power 3y4s_1964
3%S
$106%
1970
104
Elec Power 5yas
Portland Gas & Coke Co—.
stamped extended
Corp (Can) 4%s B
105%
__
$107% 109
108
105%
113
100% 103
1C2% 102%
1959
106% 106%
1964
Service
of
105^ 10.7
series
'
f
167
—
1952
1979
1952
Safe Harbor Water 4%s
Ban Joaquin Lt & Pwr 6s 3
ASchulte Real Estate 6s
Scullin Steel inc mtge 3s
Southern California Edison
Southern
California
Counties
1st
$107% 108 ■
125% 125%
$111
1951
$100%
104%
125
1965
107% 107%
1970
$106 Va 106 %
108%
!
126 v-v'."
107
' 107%
$107
105
1994
$114% 114 J/2
$108% 108%
108%
116
:
108 y4
108%
;
1970
•
-
-
/
Edison
United
Electric
83
4s
—-
107%
V
43%
40%
40%
—
J
82%
106
$39%
3%s
N
$105
.
stamped—
Btinnes (Hugo) Industries—
A 7-48 2nd stamped
40%
1
105% 106%
7
105% .107%
107% 107%
5
107%
40%
40%
48
48
110
United Light ft Power Co—
1st lien ft cons 5%s
$105
United Light ft Railways
6s - series, A—.—.—
105%
(Maine)
Utah Power Si Light CoDebenture 6s series A
107% 107%
$113% 114%
Waldorf-Astoria Hotel—*
A 5s
income
debs
Penn
Electric
85
5s
West
Western Newspaper Union—
6s conv s f debentures
Penn
Traction
5s
■ 85%
72%
91%
$108% 108%
107%
110%
$108 y8110
Wash Water Power 3%s
£1
3026.
-
__
A 7-4a 3d
Toledo
i<
105% 109
1971
*
AStarrect Corp inc 5s
Btinnes (Hugo) Corp—
!
101%
108%
(Calif)—
mtge 3s
Southern Indiana Ry 2%s_Southwestern Gas & Elec 3y4s
Spalding (A G) *a
"!
,103 '
98%
..
3s
j
172%.
.
105% ior
103
3y4s
Gas
Gas
$106% 107%
1951
A
I'
101% 104*
Jersey—
certificates
;
105% 107%
1949
New
108.
106%
105% 105%
1950
perpetual
107%
|
108" f
1972
Philadelphia
Ba
•
i
102% 106^
81 '4 91
1977
1st
West
deposit receipts
6°h
preference
Wright Hargreaves Ltd
page
2
1
American
see
|
106%
Penn Central Lt & Pwr
100
Cement—
Wood all Industries Inc
4For footnotes
«
::
Wiruoipeg Elec common B
Wisconsin P
108%
108%
1955
]
Wichita River Oil Corp
Williams
1071
,..8
We.ntworth
Western
106
104%
"
104% 104%
Light 5s
Park Lexington 1st mtge 3s
Southern
«
;
e;
100%. 105'
Queens Borough Gas ft Electric—
e
f.
101%
108%
1954
;
101% 102%
North Continental Utility Corp—
A5%s series A (part paid)
6%
Aircraft
I
N Y State Elec & Gas 3%s
5%s
Waco
?:
N Y & Westchester Ltg 4s
Public
Syndicate Inc
Manufacturing
99
"105%
f
101%
101%
1948
Sinking fund deb 4s
Venezuela
105
100% 101
Public Service Co of Colorado—
1st mtge 3%s
common
convertlDle preferred-
105
—
1947
1948
England Power 3y4s
England Power Assn 5s
Debenture 5%s
5s
$4
115%
111%
105%
Power
▼atepar Corp
113
109
106% 107
New
•'
1
•
U S Radiator common.
Universal
1965
109% 109%
Conv
•
S
Rubber
196b
es—
1970
New
1
8
•
S
1952
Superpower
New Eng Gas ft El Assn 5s_—
5s
1
U 8 Foil Co class B—
U
—1957
5s
6s.
1969
6s
10
$5 1st preferred with
Power
1952
1966
New
25o
United Specialties common
U
1957
—1952
(July 1941 coupon)
Milwaukee
Machinery common
25
———25
Shoe
1957
1941 coupon)
F
Nebraska Power 4%s_
preferred
10%
United
103%
•••/$
•
Sharing—
107
coup)—1955
1941
2022
United NJ RR & Canal
Profit
105
McCord Corp deb 4%s
dep rets ord regis—..—..——
100
Amer
104
105%
105% 108%
.
.1955
...
1
Midland Valley RR—
Extended at i% to
United Molasses Co Ltd—
United
103 %
104
Kentucky Utilities is
•
;
participating preferred—
:
107
Kansas Gas & Electric 6s
-•
10
1
United Light ft Railways
United Milk Products
106%
103% 103%
Kansas Electric Power 3%s
*
United Corp warrants
United Elastic Corp
United Gas Corp common
102% 106 *
1970
Kansas Power & Light
Chemicals common—
105
1963
Jersey Cent Pow & Lt 3%s
—1
Aircraft
United
(3
(Aug
Debenture
——•
—100
United
,.n—- w*.
105% 106%
■;
106% 106%
1950
—
E
series
Altallan
——•
Union Stk Yds of Omaha
101%
74
V
105%
102 Va
102% 162%
1957
3y4s
C
(Dec
series
Interstate
Corp
10c
Manufacturing Co—10
Realization
Canada
5s
& L
P
series
A6%8
A7s
Gfcs of
$107
102%
109%
104%
international Power Sec—
10% Mar
Union Investment Co
Jan 1949
62-.-
107%
Co—
Service
A7s
Union
$72%
Jan 1949
1st lien & ref 5s
Indianapolis
102
1958
ser A
107.
60%
107% 107%
$104%
1953
6s
104%
$62%
1963
B
Power
A7s
Ulen
,1948
3%
80%
104% 104%
1950
West
&
80%
1969
1st & ref 5%s series B—...
3% Jan
20
series
A 7s
Unexcelled
A
Pow
Hygrade Food 6s
Apr
2% May
6% Jan
Udylite Corp
1961
—
3%s
Power
Grocery Store Prod 6s
May
113%
,.
„_1956
AGeneral Rayon Co 6s ser A
100
Tung-Sol Lamp Works
80c convertible preferred
1965
5s
Mtge Bank—
Grand Trunk West 4s
8%
109% 110
—*
-•
,
5s
2% May
warrant#
RR
&
Residential
Gatineau
13
1% preferred
Tonopah Mining of Nevada
Trans Lux Corp————
Trunz
72
Lt
Water
Green Mountain
Todd Shipyards Corp
Toledo Edison 6% preferred
Tri-Continental
18%
8
Exports
Tobacco Security Trust Co LtdAmer dep rets ord regis...—
Amer dep recs def reg
Transwestern Oil Co
41%
72
Product
1993
1993
25%
18J/8
common..
40%
24%
Co
Roofing Inc
Tlshman Realty & Construction.
Tobacco & Allied Stocks........
Tobacco
mtge 4s ser A
4s ser B
1st mtge
Eastern Gas & Fuel 3VaS
.2
Textron Inc
Tilo
25
120%
120
pfd—
1st
36%
24%
Technicolor Inc common
Texas Power ft Light 1%
Texon Oil ft Land Co
Lackawanna of N J Division—
12%
108
108%
$125
122*
128
126
101% 106%
,
1
THE COMMERCIAL & FINANCIAL CHRONICLE
jr.
EXCHANGE
NEW YORK CURB
'A
RANGE
FOR WEEK
Monday, June 3, 1946
31
ENDING MAY
^
'V
BONDS
Foreign Governmentsfi Municipalities
Friday
BONDS
Xork
exchange
curb
■■■%1''
Last
Sale Price
Agricultural Mortgage Bank (Col)—
ACauca
Danish
Extended
5s_*~—......
A
6%s
External
ALima City
,
9
F-A
$93%
M -S
$22
23
-"*?
ARussian
AMedellin
Mortgage Bank of Bogota—
A7s (issue of May 1927)
1927)
(issue of Oct.
A 7s
M-N
95'%
32
23%
33%
36%
sale,
$51%
50%
20%
High
90
96%
37%
39
37
43
$42%
J-D
43
9'A
8%
10
44
159
9
J-J
Deferred delivery gale,
d Ex-interest,
'
v
10
67
7%
7'A
14'A
14
being traded flat,
e Odd-lot
«ale.
Dnder-the-rule
n
sale
•
being
transacted
during
current week.
'i;
receivership.
.p
.
;,.•
f[E* liquidating cash dividend of $22.50, plus
stock, distribution,
'.
,
WVdnv/*;cfonVert^
-O
1
•
,,
Abbreviations: used above—'"coa/r eertmcutes or aepouit,;"oonB," Consolidated;
51%
23%
$29
a
Ex-dividend.
x
A Bonds
5i%
—
A-O
50%
—
Low
1
96%
$41
J-J
1910
tFriday'8 bid and asked prices} no sales
A1;
36
—
$51%
J-D
1931
AMortgage Bank of Chile 6s
$35
6 Vis
.-1921
♦NO par value,
t Cash
$43
M-N
—1947
1947
Government
§ Reported In
J-D
.—1951
stamped
's
96%
.
M-S
(Plan A)
to 2%
2012
A5%s
•; >
T&aranhao stamped (Plan A)
;
Interest reduced to 2 ye s—****2008
J-D
Range for
January 1
Sold
No.
High
96%
21
'
Bonds
30%
89
32
Friday's
stamped
reduced
Interest
83%
27
93%
$27%
.1972
(Plan A)
Interest reduced to 2%s—*>*2008
80
26%
92%
100
$99
J-J
n
stamped
(Peru)
78%
30%
29
30%
or
Bid & Asked
:
80
—
M-N
—1952
6%s stamped_1958
High
—
J-D
———195S
.,.-.1953
s—
Danzig Port & Waterways—
J83%
*83%
Last
stamped
Rio de Janeiro
J-J
*.1948
Valley 78
Low
A-O
April 1946
—-—Jan 1947
Bank of)
A 20-year
7s__
A20-yea< 7s>*
Bogota (.see Mortgage
Parana
Range Since
January 1
Sold
High
Low
■Par
Mortgage Bank of ConmRrk 5s.
Bid & Asked
.
Sale Price
Low
Bonds
Friday's
or
Interest
Period
Week's Range
,
Interest
Period
New
Week's Range
Friday
Curb Exchange
New York
CtuntdA*
$/» voting trust certificates;
"wt," When Issued; "w W," with warrants; "xw," without warrants.
OTHER stock exchanges
RANGE FOR WEEK
ENDING MAY 31
STOCKS
Friday
Last
Range
for Week
Sale Price
of Prices
Shares
Low
Par
Arundel Corporation
Preferred v t c>
12%
13%
55%
54
55%
1,458
1,199
15%
—100
—
.—1
20
Eastern
Sugars Assoc com vtc_
Fidelity & Deposit Co
*—
16
180
10
Fidelity & Guar Fire Corp
bit Vernon-Woodbury Mills—
b;-Common
,f '- 6.75 % cum prior pfd
43%
Feb
28
13% May
55% May
168
Jan
181
Jan
May
142
43 %
43
Feb
4%
19%
42
May
58
Jan
15% May
Reece
63
16%
105% 105%
35
98% Mar
116% 116%
50 %
51V*
23
111%
Jan
50%
935
47%
Jan
54
Apr
14
42%
Jan
45
Shawmut
Northern
Central Ry
Fidelity & Guar
-50
O
—50
National
-20
S
Western
Bank
53
58
44
44
5
Machine
pfd
May
58
Jan
105% May
116% May
790
220
2%
2%
2 V*
I1/*
17%
18%
117
18%.
6%
Feb
14% Mar
700
._*.
Jan
17%
Jan
3%
130
VA
1%
IV4
.1978
94%
94%
$11,000
87
98%
99%
4,400
94
94% May
Jan
-1975
5s series A—
Jan
Mar
100
Inc
23%
211
45%
3D
50
51
17
18%
200
147% 150%
969
110%
Jan
950
78%
Jan
85
149%
18%
Feb
23%
39
Mar
45% May
38% Jan
16% May
790
Week's
Range
S^Je Price
80%
82
-25
48 %
48 %
49%
78
46%
Jan
49 % May
.10
76 Vs
78%
50
64% Mar
Ref & Min com.
.50
70%
70%
60
67%
Apr
79% May
83% Feb
18
Jan
22% May
49%
Feb
65
preferred
,
Waldorf System
Inc—
Co
(S D)
22%
—
American Sugar
Low
*
IlOO
Refining—
II
-low
American
Tei
American
Woolen
•
Anaconda
Copper
-50
&
Tei
199%
Range Since January 1
Low
256
52%
53%
55%
194
196 Ya 199%
1,864
199% May
62%
185 %
67'A
480
48%
64%
Boston &
•
Albany RR
25%
144
100
Boston
Edison
Boston
Elevated
Boston
Herald Traveler
Ry
49%
795
25
25 %
70
23
141% 145
46% 48%
250
136
58%
Jan
Mar
Feb
67'A May
51% Feb
30% Jan
43% Jan
Mar
25%
150
Aomirax
Stamped
'8%
7%
Apr
80
Feb
86% May
Feb
43'A Jan
American Tel & Tel Co
4%%
16
8%
10% Feb
Apr
Jan
91
May
13%
Jan
20%
Jan
10%
Jan
21
12
15% May
21
1,010
14
Jan
23
& Co
10
13
10
May
10
May
10%
10%
162
8%
Jan
12%
36%
44
26%
Feb
11%
Apr
14 %
Automatic
37 V* May
,
Feb
*
13%
13%
100
Gas
& Fuel
7%
7%
700
104%
125
99
Jan
25
70
Feb
Barlow
Washer
6%
prior preferred———*—100
preferred
—.—100
'
»
■■
104
87
———
6%
-
v
'
•
7
87
6% May
115
15
135
135
43
103%
115
10
43
135
5% Mar
333
7%
115
Engineers Public Service*—*—
National Stores
First
—
.-1
—
-
70
—
Binks
50
8%
115
Feb
Bruce Co (E
Apr
»***
135
38%
_
Hathaway Bakeries class A—**—**.
30% Jan
47
5%
3,700
2,800
12% Jan
5% Jan
2,050
15
7
21
80
18%
40%
41
70%
447
175
-20%
40%
67%
46%
Apr
25
Co
11%
32 V*
Feb
41%
Corp
0mm.
.15
.....
—
54%
m.00
48
pfd—**——50
38%
>
30
(
.
:
.
52.15 May
51% Feb
Feb
965
44%
335
22% Jaa
10%
42%
Feb
3%
3%
300
3J/*
3%
100
32
May
58%
59%
Jan
4% May
3
Jan
4% Feb
170
48
Jan
48
48
;
46
Jan
48
11%
Mass Util Associates vtc
1
Mathieson AlkaH Works**—.*—*
11%
100
11%
51:,.
155:;
'36%
Mergenthaier Linotype -*—*****.**-**•
Mullins Mfg Corp class B
1
May
3%
37%
100
77
2%
56% Jan
29%
Jan.
76
20%
20%
30
27%
27
28%
540
17
24%
23
24%
524
20% May
1.00
2.600
205
1
Nash-Kelvinator
8
.
—
~
Colony
1.00
For
footnotes
see
75c
May
134%'
A"
Apr
May
30
Apr
)
250
34%
Jan
24%
750
22
Mar
26%
Jan
15'
800
12% Mar
17%
Feb
27%
26
28%
2,600
20%
28% May
19%
2,600
19
18%
1%
25
76
Jan
132
134% 136
160
127
Feb
136
1%
1»A
1%
3.240
10%
10%
286
75c
Jan
V 3 '
Jan
Jan
15%
Jan
22
46%
Feb
59% May
66
May
5
59%
59%
600
•
64%
65
150
32
100
29
Apr
51
50
39
4 Mar
*
31
5,
51
19 V*
,,
■
40% Mar
19%
25.
250
22
Apr
19% May.
27% Jan
39
500
25%
Jan
39
48%
49%
800
33%
Jan
Feb
50%
110%.
,110 '/a 110%
4% v V
4'/*
4%
2,100
23.
50c
•
*.
lien
15
-*
•
•
.
1,300
23
14%
15
Jan
10%
r,
X107
40
21
100
Jan
25
-
120
208
-
208%--
115*
10
320
—5
r '
•
V
.
,
-
>
26%
24%
14%
...1
1,950
13%
65
*
14%
33,350
29
;27%
'11*
65%'
29
208% May
,26% May
27%
-300
95;::
t-90
8% Feb.
Jan
v
Feb
2.7% May
•10
Feb
'Jan
-
59
^450
Feb
15% May
124% Feb
Feb
20
65
v
■
,
Jan
184
26%
Apr
Jan
5%
10% Jan
2,600
May
113
3% Mar
V
120
•
208%
Pyeferred
Chicago Elec Mfg class A pfd—
Feb
May
15%
37%
,
*
Common*;
33%
51
37%
:
10
preferred
Feb
24%
-12%
27%
13% May
65% May
Jan
32
27%
May
..
Chicago Towel Co—
Common capital
•55
Chrysler 1 Corp common*
Commonwealth,Edisoa common—... .29
134
36
(Consolidated Biscuit fcommon——*—1
-50
Consumers Co vtc partic pfd—L.
Curtis Lighting Inc common
-2%
.
25% Jan
.125
10%
49% May
47
14%
-
35%
Decker itAif). &
Deere
&
Co
coh$:ino
;
l
21%
52
135
79
.
Jan
95% May
120% Maf
v
36.
5,700
31V*
140
jaa
36
Feb
Apr
Jan
Mar
:
2%
16
May
Feb
Apr
37%
6%
52
' Apr
Jan
12% Feb
2,100
500
Feb
17 *
•
...
v
33%
56%
100
16
-
16%
650
35
-
6%
37%,
6%
600
'
23
Jan*
33% May
,46% -Feb
12
Apr
56 % May
28% Mar
37 % May
,
>
2,400
5%
Jan
80
48%
21%
Jan
Jan
16% May
8% Feb
■
Electric -Household Util Corp—
Elgin Nat
Jan
9
-
29%
16
prj.
Eddy Paper Corp (The)—
Jab
.45
$2
'
9%
56%
...•
Dodge Mfg Corp common new-*— Z10
S.-"r...
25
50
150
22%
51
:
com— -10
common
-
11%
21%
■
11%
.
2.50
3034.
-
Jan
23%
Corp
Domestic Industries Inc class A
100
page
90c
125
100
RR_*.
79%
-20%
2e% May
Jah
Feb
21%
24%
Doehler-'Jarvis- Corp—
1
Ne* England Gas & Elee Assn—
5%% preferred
New England Tel & Tel
North Butte Mining
Feb
37% May
Feb
'71
74%
74%
14%
Jan
4
Apr
.'A.'
Narragansett Rac'g Assn lno
Old
19%
-1
■Cherry Burrell Corp cbmmoh.
Chicago Corp common.
Convertible preferred
Mar
14% Mar
48% May
3%
-
COS
140
47
Brothers
Prior
<
60% Apr
6
V
'
Service
900
Apr
1%
•
50%
preferred
National
11%
X14%
mil
•
Maine Central RR common-.
5%
Jan
21%
70% May
46.30 Mar
Feb
Feb
8%
-1
L) common———
Convertible
7'/a
19%
Apr
9% Jan
6%
1,950
.10
Chicago & Southern Air Lines—J
.
(Del)
7
11%
10
Apr
Feb
Feb
Mar
20%
common
Jan
259
49%
38%
29%
■
Kennecott Copper
Damson
6%
com—
Apr
■
——
18%
17%
Apr
.
•
Gillette Safety Razor Co
B
18% May
17%
5%
common——. —8
Burton-Dixie Corp
Butler
28% May
134'
199% May
15%
Borg-Warner Corp common
Brach & Sons (E J) capital
Brown Fence & Wire class A pfd
Feb
'
125%
185% Feb
5%
capital
Co
Mfg
-Central B W Util
Corp—1
•General' Electric
Class
MMay
Apr
20
Feb
Jan
52.15 52.15
commoh**.*^
Isle Royale Copper-—-
25
Feb
May
600
18%
•
Capital
350
14%
25 %
i
198% 199'/a
17%
1
7
10.0
——
preferred series A—*—*100
6% preferred class B
100
5 % pfd adjustment—**«*w.«***100
General
25%
Jan
X126% 126%
.
■■
1st
Eastern S3 Lines Inc
Mar
—
5
Eastern Mass Street Ry—
•Common
19
—4
*
class A
& Seelig
Bastlan-Blessing
91% May
104 %
;4%%
200
9% Mar
—1
common
Belden Mfg Co common—
Berghoff Brewing Corp
7% May
104% May
7%
25
199%
Aviation Corp (Delaware)
Associates—
Common
10%
new— —*5
capital— -100
common
Borg (George W)
Eastern
250
r"p:t
■
Asbestos Mfg Co
Jan
208
35%
Co_
11%
14
Jan
16%
.—10
Service
Copper Range
;•
,
com
Athey Products capital
Jan
15%
16
10
16%
Hecla.
&
14
14%
-100
u -100
Stamped-. -100
.5
class E' 1st pfd
14%
15
16
-100
—.
67
14%
class C 1st pfd stamped
Calumet
Cities
——.
1st pfd***
100
215
Corp
Products
Allied
Armour
9%
10%
25
American Public Service preferred. .100
37
Jan
High
' May
20% Jan
13% Jan
20
Apr
25
405
71%
1,300
15%
13%
Allied Laboratories common*
1,245
-9%
1,800
10%
1,927
49%
16%
17% Jan
250
14
common
42%
_100
*.—*—*
class B
Ball Bearing
Loto
20
16..
16%
t
86V*
9'A
,.100
—
cummon
41%
prior prelcxieQ
5% class A 1st pfd
•
Corp
Range Since January 1
High
19%
85
70 Vb
stamped
Low
Advanced Alum Castings
■■
Common
Shares
Apr
Boston & Maine RR—
7%
May
39% Jan
for Week
rut
42%
•
32% Mar
Sales
Range
of Prices
(J D) Mfg common
Adams
44
48%
100
Corp—
35
375
Last
85
—25
175
65
Sale Price
Aetna
Bird & Son Inc
22%
36
Week's
Friday
52% May
Feb
STOCKS
High
38% Mar
19% Mar
High
51%
22%
64%
35
-12%
Apr
-
Chicago Stock Exchange
Shares
Par
American Agrl Chemical Co.
Apr
81%
for Week
of Prices
May
18% May
.25
Sales
Last
51
153%
common——
|o$ion Slock Exchange
Friday
Feb
Apr
22'/*
18
1—
Westinghouse Electric Corp
STOCKS
Feb
19%
45%
50%
Drug
S Smelting
Warren
Jan
3%
Feb
17
BondsBaltimore Transit Co 4s.
4
Apr
Apr
22%
Co
Fruit
6%
Feb
5 V*
IV4
Inc—
United Shoe Mach
U
Apr
47%
__i0
tJnion Twist Drill
U S Rubber
47%
45%
United-Rexall
United
42% May
39% May
.100
Association
High
50
17%
.
January 1
1,067
43%
17
Range Since
Low
43
4%
Mach——
Shares
Hiqh
41%
42%
—25
Webster
Stone &
Mar
53
7%
RR
for Week
43%
1—50
***-.
Hole
Folding
Rutland
Low
*
common
Torrington Co
105%
-20
>100
new
Reece Button
.
.—
Mills
Pennsylvania RR
Quincy Mining Co
31'A May
350
26
180
180
High
Jan
25
372
13%
v t c_
Range Since January 1
Lou
30%
—
common
Pacific
High
30
Bait Transit Co
Range
of Prices
Par
Sales
Week's
Friday
STOCKS
Sales
Week's
Last
Sale Price
Watch Co
new
rlln:«
89 "
—5:
30%
—15
* 80
•
80
30%
31%
28%
28%
1,550"
400
28»/2.May
80
May
34
May
'30 %
Apr
t' Volume 163
Number 4495
THE COMMERCIAL & FINANCIAL CHRONICLE
OTHER STOCK EXCHANGES
BANGS FOB WEEK ENDING MAT 31
STOCKS
Last
Par
Co
?
Flour
*
'
common__
MJjis
„*
.5
.
••t Fox (Peter) Brewing
common
11%
16 Vi
1%
lnc
39%
10%
•
'
16%
41
38
18
»15% Jann
50
"
6,300
Feb
1,000
15 JA
Apr
1,800
27 3A
Apr
41
May- >
y
.
„„4;. w 66%
..5
.1
10
i& r
f Gibson Refrigerator Co common—..l
Gillette Safety Razor common...
*
66%
.
200;
14
14%
75%
68%
Mar
Jan
Pan Amer
-1
Goldblatt Bros
•
11%
;
2,600
38%
27
*
•
24%
Great Lakes D Be D common—..—*
23%
Gossard
Co
(H
common
W)
common
Harnlschfeger Corp common
Helleman Brewing Co G capital
Hein Werner Motor Parts
30
24%
30
lnc
500
38%
25%
1,000
Horders
lnc
37%
1
x20%
8
:.
Illinois
;
Co
Jan
Pullman Incorporated
42%
Apr
Pure°OU Go (The) common..,
22% Jan
.
Feb
21% Jan
800
"
30
17
May
Apr
27
v
25%
Central
RR
37%
250
20% Jan
20%
800
17%
24%
31
250
16%
Apr
Jan
33
Steel
Prod
&
Kentucky Util 6%
La
Salle
Leatn
Ext
1,000
May
1,100
100
1,950
33%
33%
200
30
21%
680
6
Jan
480
27
Mar
19%
20
550
14% Jan
20%
•
14
14
14%
__
100
—
I
A
*
common
common
•«.
6%
110
11 %
•
—
600
Jan
13
12%
Jan
400
6%
Jan
8%
Field
1,100
16%
18
6,100
76%
76%
1'
^
'•
''''
*.15
Steel Spring
of
N
West
Miller
50
Feb
111%
J
A
11 %
11%
900
40%
1,050
7%
Jan
41
22%
19%
22%
1.-050
37%
32%
37%
1,900
1
13%
13
14
6,300
•
6%
6
Corp
lnc
3,400
11% Jan
35
1,000
11% Mar
55
100
35
Feb
68
33
100
13
Jan
38%
21
527/a
__
»
*
Flour Mills
4%
of America
income
conv
notes
Mfg
23
250
16%
Jan
53
300
30%
Feb
57%
Monroe
300
20
Apr
23%
National
Standard
31%
31%
2,600
20%
Jan
11 %
6,900
5%
-*.
•
Bancorp
Util
Nor West
19
1,400
14%
Jan
Jan
14%
14%
14%
51
8%
51
51
0
*
101%
10
Laundry
American
Products
Participating
100
Machinery
8%
14% May
Burger
preferred
Mfg
51
Cincinnati
250
6%
Jan
72%
Jan
41% Feb
50
Jan
300
45
May
50
19% Mar
37
May
34
37
•
27%
100
2,400
180
"
27
27%
300
May
32
186
?
186 4
110
171% Jan
186
13%
8
14 Va
100
Pennsylvania RR
Potter Co (The)
210
135
Jan
184
178 % 180
;
-
21
23%
24
*
15%
15%
Pressed
Steel'Car
Process
Corp.
26%
50
23%
Jan
28
13%
8,800
10%
Apr
14
14%
Advertising Products
Ball
*
Mar
15%
235
14
Feb
Feh
10
Jan
16%
45
12%
Jan
..5
..20
18%
11%
85
15
124
108
100
100
Mar
5% Mar;
100
90
95
May
1,040
14
Jan
104% 105%
'
19%
90
89
Mar
10%
Apr
19%
105%
.
.
20
*
13
13
132
Early &
10
Daniel
42%
Vt
■
*
Preferred
22% Mar
24%
May
47%
Feb
9%
Feb
29%
Feb
Procter
33
78
57
1,200
50
7%
.26%
200
24%
8%
130
6%
Feb
250
102%
Jan
Leonard
*
*
&
108
100
33%
150
11
Mar
120
49
Mar
64%
115
447/a
9
-
108
Apr
33%
75
32%
33
30
28% J?n
23
Mm
23
10
22
Apr
9
Feb
10%
Gamble
10%
67%
68
class
A
68%.
31
31
—
Class B
Jan
Jan
9
6
50
v-
82:
7%
Rapid
7%
51%
10
-
29
50
v
5% May
32% Mar
52
80 %
Jan
31% Feb
8% May
30% Mar
Jan
12%
51%
64
National Pumps preferred.
Apr
65
51%
Manischewitz
Jan
70
Feb
40
78
:
12
IVA
50
16.
127
184
s :
32
65
*
8% Mar
29%
137
32
•"
Art
108% Jan
8
2514
28%
J.35..
32
.*
•
Gibson
29%
*
Insulation,
190
24
105
10
IVA
100
3,150
,
8%
..
IVA
12 %
Randall
t
,
May
24
17%
*
Crank
100
125
8
•-£*'
:*
Quaker Oats Co common
Rath Pa eking common-
Jan
21
v
12
Formica
May
May
14%
—
0
common...:
13%
17% Jan
17%.
-4^
*
May
41%
__
1
common
(The)
20
288
16%
*
Drug
Eagle-Picher
Feb*
13%
24
50
.1
common
46 V« Jan
6
Mar
Dow
May
Apr
125
__
10
<
capital
1% Jan
21
Lunkenheimer
Penn Eiec Switch class A
.
40% Mar
175
Cincinnati Union Stock Yards
May
27
26%
_
j.
;
100
5j/4
Jan
35%
common—..——2%W
-
atgn
453/a
4%
Cincinnati Street
——.50
Cincinnati Telephone
50
May
200
49%
common
preferred
Low
44%
—r-
23%
C N O & T P
8% May
103
^
6%
Range Since January 1
High
May
45%
49
Peabody Coal Co class B com—
Low
*
Kahn
Oak
Shares
*
Brewing
Feb
18%
45% Mar
400
'49%
common
for Week
20
Churngold
45%
mo
Nunn Bush Shoe
8%
101% 103
20
,
Sales
Range
of Prices
....8
May
19
50
5
prior lien pfd—
'
wnfp
Exchage
11% May
18
Noblitt-Sparks
Northwest
$2,000
....
Week's
Friday
Par
31% May
10%
common
Ind lnc capital
; North American Car common
212
Sale Price
Mar
18
common
common...
212
Feb
22
1
common
Chemical Co
330
Last
Apr
23%
21%
10%
common
Montgomery Ward & Co
,
212
1960
Cincinnati Stock
Cincinnati
Modine
19%
lnc—
sub
Apr
Apr
31%
vtc
10
Minneapolis Brew Co
3,200
19%
50
.....
15% Apr
35% May
54%
•
common
6%
BONDS
May
14%
__
1
com
capital
Corp
300
1
...1
common
11% May
Jan
19
32
—
__
*
Co common
common
Hart
18
25
Feb
110
32
__
*
com
$1 prior preferred
1,500.
*
common
Oil
16%
V;' *-■
Baldwin
Middle
400
1,800
American
Marshall
4- 100
Feb
110
13%
14
0
Mickelberry's Food Prod
100
66 %
28%
Apr
550
7
38%
__
7
1
$3.50 preferred
Dredging
36%
66%
28%
>
^
■
■
STOCKS
Libby McNeil & Libby common
Lincoln Printing Co common
McWilliams
Apr
15% Mar
•
Apr
Jan
58% May
20
35
37
400
24%
21% May
58%
34%
25% Jan
.4 100
39
U S Rubber Co common
Wilson & Co common
May
19%
•'
15%
May
55
28
30
36
28% Mar
4
>
.
United
53% May
Jan
-
Sunray Oil Corp
25% May
44% Jan
33
78."y
23
Studebaker Corp
Jan
Feb
33% Mar
28
common
Lindsay Light & Chemical
41%
53%
10%
17%
56
__
preferred
Univ
Co
&
9%
25%
20
36%
33%
:
Standard
Apr
•
com
19%
37%
Standard Brands
May
.i
:
Lamp
24
41%
33%
_
Tube
72%
Jan
8
49%
__
53
*
pfd-.-,..
Kellogg Switchboard
Ken-Rad
Jan
2Q
8%
common
Katz Drug Cq common
.
55%
20
23%
100
common
Power $6
270
24
9%
*
Warrants
Interstate
70
24
$4
24% May
100
16 Va
V'JJ
May
66
25%
new
Indianapolis Pr & Lt
Indiana
70
9%
78
1
Socony Vacuum Oil Co Inc.—
Feb
Jan
4,800
Radio Corp of America common—*
37% May
19%
10
common
Indep Pneum Tool vtc
10%
36
10
■■
10%
Radio-Keith-Orpheum
1
23 V2
Republio Steel Corp common-—-—38 ya
Jan
33-
1
capital
1,200
1,200
2%
14%
May
24% Jan
300
23%:'23%
.31
*
(new)
common
Brick
Illinois
25
common
Hupp Motors
! 27%
36 ,
Hio*
44
20% May'
-
.y
Paramount Pictures lnc
Pepsi-Cola Co.——
Standard
,
27
17
'
..10
Hibb Spencer Bartlett common
27
Feb
Feb
11
;
1,800
10
Airways Corp
16 %
■
v.."
24]/a
24%
.
38% Feh
—
23
53
low.
:
.
24%
•
79%
Range Since January 1
High
__
X
V-
Jan
12%
Shares
•
Car
70Vb May
1,200
il%412%
63
•
200
73%
__
....
Motor
:
444444444:4;444-
for Week
8
Central RR capital
North American Co
;
May
LOW
QW
for
—1
common
New York
11% May
27
Feb
8%
Packard
J General Amer Transp commons
% General Finance Corp common
j General Motors Corp common
;'v
■
(Glenn L) Co
Nash-Kelvinator Corp
Sales
Range
of Prices
Sale Price
Martin
11%
xl5%
-
Range Since January I
.
17 44.17 4;
...
4 Week'*
Friday
Last
Shares
§ High
High
' /
Low
■
-10
America
oi
Four-Wheel Drive Auto
of Prices,;
^■
; /•:;
STOCKS
for Week
Range
Sale Price
Simons & Connell Dredge &
Sales
Week's.
Friday
'
i
80%
-Jait
'
,
Schwitzer Cummins capital...
Sears Roebuck & Co capital...
Serrick Corp claas B common.
1
Slgnode Steel Strap Co common
;
.
•
1
20%
47%
10%
__
21
46
__
•
11
200'
2,200
■
18% Mar
36
150
24%
•v
Jan
U
49%
Jan
9% Jan
Apr
Jan
U
12%
S
Playing Card
S
62% Mar
52
52 y2
32
Jan
51%
Printing.
Preferred
51%
50
Jan
'
Htndair Oil
18%
lnc
Standard
common-.
Common
Standard
ii.
....
Forgings
Standard Oil ot
Storkline
-
Fur
25%
50
7%
6%
7%
3,200
Union
Bankshares
Wisconsin
>
Woodall
Industries
44%
100
v38
Mar
33%
850
18%
Feb
39% x39%
300
37%
Jan
39%
40"
650
25%
Jan
40
60%
30
51%
Jan
Unlisted
Alleghany
Corp
Atch
Copper
41%
100
36
37%
400
90%
600
101% Feb
38% May
25%
79%
48%
Mining—;
Steel Corp
7%
36
16"%
900
10
48,
••>
500
\
ftu
120
52%
common
Columbia Gas & Electric—.:
1•'
Continental Motors
g
33
48
16
May
19
May
Jan
Apr
Electrle Co—
Graham-Paige
7%
7%
20%
21%
2,100
1,100
36%
300
49%
700
6% May
18
Jan
31% Apr
43% Jan
104
7% Apr
: Feb
23
36%
51%
May
Tnterlake
Iron
Corp
common—,..^.*
Laclede Gas Light
For
footnotes
—4
13%
13%
19
20
8%
8%
7
15%
100
49%
47%
49%
1,900
.13%
see
page
3034.
'
11%
13%
17%
17% "" *'
—
8%
70
Feb
40
20
Mar
5
41%
Feb
of Prices
Sales
for Week
Shares
Range Since January 1
High
Aon
25%
9
8
7%
5
Htah
Mar
Mar'
8%
50c
1
American Tel & Tel
Exchange
Week's
how
Par
7%
5% Jan
5%
247/a
25%
9
Feb
8% Jan
,
16 ya Mar.6Vt Mar
25% May
100
Brewing Corp of America
City Ice & Fuel.
al96%al98%
15
a90% a90%
72
12
Jan
•
a41% a42!/4
28 '/u
18%
Jan
♦
100
96.
16.
Feb
44 y2 May
102% Jan
110 Va
10%
Ap r
Apr
113%
26'A
26V4
Jan
....
Cleve. Elec. Ill 4%%
Cliffs Corp
Consolidated
110
Jan
Jan
106
Jan
Detroit
Eaton
>
Apr
pfd
183 y* Feb
55% Feh
198% May
.
Gas
15
8%
8%
32%
15
& Cleve Navigation
Manufacturing
Railroad
33 '
8%
8%
4
a65ya a65%
*
al8% al8%
5A
2,818
8
13% May
Gabriel
Co
20 ya
Apr
General
Electric
12%
Feb
General
Motors
(Un)
1
...
al5% al5%
*
...
(Un)
a47
Apr
Glidden Co
51%
Feb
175
7
Apr
38 ya Apr.
58% Apr
85
16
16
3,700
10 %
Apr
13 y8
100
13%
Jan
20 V8
May
Fen
8% May
com
\
-5
(Un)..—...
^■'}'
■/
.
,'b
-
Goodyear Tire & Rubber com.,
Gray Drug Stores
Great Lakes Towing
pfd
:>;>
—•
.
f
-
•
•
.
Feb
23%
Jan
Feb
10% Jan
10%
81
45
45
Jan
Jan
70
May
.
70
37% Feb
•
90
36%
36%
JanJan
53% May
a7T%a79%
11
68
Feb'
Feb
88%
77
Apr
78
Jan
15% May
52
Feb
80%
Jan
59% May
4
■
*
A
„
28
100
May
May:;;
50
a47%K
a57% a58%
'
..
A >v
Feb
9%
71
,
220
Jan
May
171
:
a72% a74%
Goodrich (B F) common
•V'V,*-
34%
60
May
a52% a53%
10
45% May
91
42% Jan
52%
25% May
16%
7% May
30%
a587/a a597/a
5
(Un)__
May
3,550
101
alll%alll%
*
,5
—
Natural
General Tire & Rubber common.^
.
251
Range;
Sale Price
Feb
Jan
18% Apr
11% May
17% Apr
15%
•
Motors—————i.
75
28%
Last
,
General
Jan
9% Jan
15% Feb
19% May
13% May
24%
Farnsworth Television <fe Radio——.1
26% Mar
287/a
49%
Friday
Alleghany Corp (Un)
American Coach & Body
Jan
Mar
24%
-
16
Cleveland Stock
STOCKS
Akron Brass Mfg
94%
8%
18%
4
28%
—
39%. Jan
13
..
■
950
49%
*
32% Mar
10
24%
—1
«...
10
13%
73%
73%
10
—
37% May
97% Feb
100
..
1
Curass-Wright
Motors
Standard Brands
Erie
Certain-teed Products
41%
18%
--
Feb
Jan
1,150
v
-
35%
41%
13%
Motors
Jan
15Va
100
....♦
4;;:
35%
May
13%
48
__
Jan
Apr
May
13'A
36
21%
«
27%
17;%
Feb
'•
10
479
600
.
13%
—
9
—
Pure Oil
15V2
13%
27
4
Fuel
.14.:
35%
48
16%
1
com
Mill—
Top & Santa Fe Ry com
Bethlehem
100
37%
>
5
&
Cleveland Cliffs Iron preferred—
...
Rolling
Anaconda
120
13% May
Stocks—
(unerlcan Radiator s» at aan
American
1,550
41%
_•
36%
25
61% May
120
36
35%
—
33% May
41
Feb
31
__
.
capital
Feb
General
44%
common..—..*
Machine
Yates-Amerlcan
8%
36
Service
Ice
25% May
26% Mar
33
--
—12%
•
common
Jan
City
Jan
24
U S Steel common——.—87%
common
6
Cities
Columbia Gas
20% May
25%
24
..
Common
;;i Wieboldt Stores lnc
Jan
Feb
21
24%
capital—__
United Air Lines Transportation cap—5
United Light & Ry w I
.Westinghouse Elec & Mfg—
45
28
100
300
Carbon
xf-
Apr
Jan
600
49%
208 South La Salle Street Corp com—*
•'
35%
25
25
Rolling Mill
Brummell
Apr
60 %
5
25
:
39%
Beau
17% Mar
47%
25%
-
6
(The) ^common
Unlisted—
American
May
49% May
15
24
44%
i-6
8wift & Co capital
Feb
Jan
Jan
46
Feb
14%
49 %
10
common
20%
20%
Mar
Crosley
15
—....
&
530
40
25%
Corp
Carbide
21
38
1
; Oundstrand Machine Tool common
Co
200
25%
common.—.—10
Sunbeam Corp common
*
•fTrane
36
Apr
Apr
33
40
common..
Corp
35%
16%
16%
50
1
—
ind capital—
4 Stewart-Warner
1,800
41%
20
pref....
Dredge
20
41%
__
—a
•
Spiegel
1,300
19%
..
5
St Louis Nat Stockyards capital..
,
capital
19%
20
Corn:.,—•
South Bend Lathe Works
a71% a71%
28
28
30
1,040
71
71
49
.
:
Jan
58% Jam
22% Jan
Jan.
71
May
Apr
32% May
THE COMMERCIAL &
Monday, June
FINANCIAL CHRONICLE
OTHER STOCK
3, 194(5
EXCHANGES
RANGE FOR WEEK ENDING MAY 31
.—-
1
...
4KV;V^v;v ;.NT 0 C K 8'
i.;,:
ir. J"'
,
)>/ 'ft.'/-*'.•■' ,l (!
Industrial
Interlake
vi-'--•."•,••
•
y
*-
—
Medusa
National Acme
Tile
Oil
Mar
Mar
May
17% Jan
Bros
«
—*
*
1———•
273,
May
151
15
Mar
16%
,
--
75
t; i.H
-
.
16%
1,005
4%
51%
Feb
90
v.
79%
896
Jan
25
150
4% i
Apr
4% Mar
—
rC
a26% a27%
Friday
Week's
Sales
Last
Range
of Prices
Shares
'
Par
Bandini
Petroleum Co
LOw
1
3%
Corp. com new——*10
3%
39J/4
—'
60
60
500
x
5
47/8
5
450
97%
Blue
2
9%
9%
9%
1,054
Feb
Diamond
^
34% Feb
Feb
44
34
• •
'■
Chlca OU Corp
1
Broadway Dept Stores Inc common—*
Byron
May
Jackson
Co__—
•
•-
61% Mar
120
25
Jan
California
Packing Corp common
Central Investment Corp
Chrysler Corp
82 % May
Colorado Fuel & Iron
5%
6
1,292
>■
85
__
32
al36y8
•
new
a46% a46%
31 32 Vz
al3iy8 al36y8
17
New York Curb
Detroit Stock Exchange
Chicago Stock Exchange
•
Associate
32%
400
30%
29%
1,250
22% Feb
a91% a92%
a27% a27%
140
122
90* May
98%
24
33%
200
14% Mar
20% Feb
300
13% Mar
60c May
16
15V2
15
80c
15%
15
1.00
8,000
Merchants Nat'l Bank—100
—
369
370
41
Equipment Co
&
&
Television
Radio
class
Stores
.V
Paint
Corp
72%
72 %
235
10%
70%
21%
81%
98
98
1.40
1.45
21%
241
800
556
83
Mar
1.35 Mar
28
Mar
i§
%
3,656
45%
50
4,779
—
•
31%
A common
Co
Co.,
Development
—
Motor Car Co
Hudson
—
%
Rights
-1
6%
1
Electric
16%
Hunt
5%
,
Foods
Intercoast
Range Sine* January 1
f.v :.
6%
*
Briggs Mfg
—1
•
McLaren
Brown,
Machine
Adding
Burroughs
16%
4%
400
Jan
53
...
3% 3%
19
19%
—'
19%
nigh
.
15%
425
47
Jan
19
Jan
53
5
May
Wells
3'/a May
1,500
1.040
16% Mar
Corp
Consolidated
!
-
Paper common
Continental
Edison
Detroit
V
common
Friars
—-2
Truck
Motor
Federal
Inc
-3
23
Feb
23
Mascot
Oil
General Motors common—————10
—
Nordon
Graham>Paige
Hoover Ball &
———10
2%
Bearing
Hoskins Mfg common
Hudson Motor. Car common.
Kurd Lock & Mfg
1
Drug
LaSalle
3%
.1
——
Kresge (SS)
common
10
—
Wines
1.55
1.50
1.60
3,420
16
16%
501
12
Feb
17
45% 45%
a44% a44%
62% 62%
243
90
41
Jan
45 % Apr
44
Mar
27% Feb
Pacific
Mar
■-6%
Mar
15
2% Mar
19% May
4
Pacific Lighting
70 % May
5
Jan
6
Mar
Jan
10%
Jan
7
Masco
H?
McClanahan Oil
';
Motor
Products
Screw
1
m
—
Feb
Feb
17% Mar
28
19%
28% Jan
34
8
Jatt
150
3,750
693
7%
Feb
2%
\
Apr
Jan
35
6% May
*
0 Murray Corp
3V4
2%
—
10
12
4
10%
6y8
1
6
•;
■
:
1 Park Chemical Co common
U Peninsular Metal Products
% Prudential Investment
8
•
>
(H
W)
1
preferred class B
preferred class C
So Calif Gas 6% pfd class A,
Scotten-Dlllcn
Sheller Mfg
Simplicity
Mar
21% Jan
Textron
May
12% Feb
Truax-Traer
19%
250
10
10%
3,018
9
1.600
5%
1,545 i
5% May
6
'.
6%
Standard Tube class B
Tivoli Brewing
Co
—
Inc
common
6%
Jan
4
7%
Jan
4% Jan
2,075 f
13%
12
13%
1,068
11
Apr
13% Jan
15%
15
15%
1,050
10
Mar
16% May
Black Mammoth Cons Mng
1
n
10a/4
11
11
Co
Cardinal Gold Mining Co
Cons Chollar G & S Mng Co
—
7
1
—
51/4
^
7
7%
51/4
5%
4% May
6% Jan
5
650
31%
25
—25
—
25
—
common
United Shirt
1434
1434
1474
*
8V4
8Va
8V4
1*
1
'
18%
18%
42
42
Distributors
v/tl
fJ
Walker & Co class
.-V
__1
—:
Investment-
Mar
;
''^y'
•
'«
*
'
*
Aircraft
Wayne Screw
footnotes
see
page
■vHH 15
3034.
5%
4
f:
3%
!
477
»
'W
15
\
5%
3%
31
=
15
6% Feb
8% Feb
May
9% Jan
8
~
Jan
9% Mar
'
8%
Jan
42
13 V2
Jan
15
951
3%
2,950
.
150
25% Feb
45
Apr
34% May
483% Apr
55
May
1.20 May
10c '
400
9c
55.800
60c
14c
39
974
1,170
123
10
29 /4 Mar
40.% Mar
878
20% Jan
27% May
33 % Feb
31% 31%
30
30
e40% a409/8
Feb
60c May
17 /& Feb
21
Feb
125
a29 a29%
Mar
19c Mar
1,089
20
55% Mar
39% Jan
J2% Feb
31% Jan
42
Jan
69%
—*
59
59
505
42% Feb
59
May
13%
14
5,677
7% Feb
14
May
24%
25%
1,533
18% Mar
25% May
m:.in M*
a22% a22%
1.93J
16% Feb
21% May
28%
25
28%
25
2,001
425
23 Vo Feb
21
Feb
28% May
27% Apr
a253/a
25%
89
25% May
333/4 Jan
;f
—
'
.
150
69% May
—
:
Western
Air
1
Inc
Lines
—
a25%
Mining Stocks-
Co
Calumet Gold Mines
9c
4
s/8
Jan
3% May
29
Mar
May
Apr
6% May
,4
31
Zenda
9c
-
1,000
1,000
225
260
^ 9
4c
5c
4,000
lie
2,000
.
„
,13c
8c
.
May
May
18c
.,
.
5c
10c
May
Mar
20c
Apr
8o
Jan
24c
„
Jan
2.80
.
May.
Feb
20c
May
2.05 Mar
1,060
11c
1
Co————25c
Gold Mining
14c
9c
4.000
9c
14c
10c
,_10c
1
Jan
Jan
18% May
39
110
-
20% May
4% May
11% May
66%
—
Jan
15% May
100
•
5%
31
8
590
^
^
1
common
Products new com
Young Spring & Wire--—————*
For
\
*
Class B
Warner
'
,
K.
__
11% Mar
545
-
200
8% Jan
51
Feb
55%c Mar
14% Feb
3% Mar
—
• 1
imperial Development Co—,25c
Udylite
-Union
Jan
May
yy'v'-''1
6% Jan:
6% Jan
200
35c
19 A
38%
California
of
Oil
73/3
1
20
25
Universal Consolidated Oil Co——10
Union
7
675
65
64
651,
250
4y2
46% 47%
34% 34%
9c
"60c
#
—*
Co—-
7%.
,
120
215
May
Jan
7
Coal
600
common
:
——50c
—
350
j.
34%
.v
Jan
42% Feb
62% Apr
59
Feb
Jan
4%
common
Pattern
—
—
Jan
4%
——•
—
new
Oil
Standard
Jan
3%
Company—
of Calif
1
$ River Raisin Paper
1,346
2.70 Feb
13%
Pacific
4%
__
20%
'■
5%
Jan
15%£Apr
,
Jan
4%
4%
2
20
4%
20
——25
5%%
10
Co
SO
11,000
1
——
6%
5
17
*
„
1.35 Apr
6,295
55
1.00
1
-n-
Calif Edison Co Ltd
Southern
33
vr-
Rlckel
11%
.55
95c
—
25C
-
Co Calif
CorD
slr lircrafrS—
May
Jan
Oil
Sinclair
9% Feb
45% May
Com
Trnriinc
Signal Petroleum
3% May
2% Apr
18%
19%
•
1
":'i * '■
Packard Motor Car
10%
1 00
-
-
32% May
2,965
12,651
32%
10%
Stores
240
37/s
32%
,
common
62
—
Inc_——————*
Roebuck & Co
I
*
Riprro
Mar
1,330
Corp
V Warrants
SearT
May
Apr
766
23
Oil
62
1
-
—
50
1
•
———-
Oil Co
Ranch
Safewav
15% Jan
467
2% in 2%
3%
\
S
i
common
Products
37c
11% Feb
Feb
8%
preferred
5%%
—
10
.*
Co——-—
Ccrp common-
—
25
*
1,650
Jan
Southern
k
25
common
—:
pfd
Indemnity
Pacific
Jan
& Elec
Gas
1st
12%
700
Apr
1.75 Apr
8% Jan
10% Apr
16%
—
-
Products
Clay
5,400
560
'
17c
„
Jan
•
Pacific
6%
6%
6%
8
^75
■
1
Feb
Richfield
6%
9%
Apr
7
9% Feb
80
J'k"
6%
215 £;May
1.75 Apr
5% May
Oceanic QU, 09
28
Rice
3%
45%
Jan JH
200
620
Republic Petroleum Co common—
8%
55
10,500
16% Feb
8%
2%
45%
600
5,620
Jan
> 20% Jan
2.05 May
n;
42% Jan
19c
11 y«
__
17% Feb
1.15 Feb
31% May
.
19
14%
Jan
23
754
452
4,920
270
r>
•
30c
18c
16% May
22 y4 Feb
,
19%
1.90
2.00
a33% a35%
215
215
1.55 Feb
Feb
13%
Jan
28
19%
29% 30,
11 ;' 12 \
20c
—
Mar
19
1,000
19c
16
24%
25c
10% Jan
...
1
13
-
50 ..May
25c
---r'
Mar
% May
Jan
8% May
.
May
1.90 Jan
33
1
12%
.
-1
Kingston Products common
Kinsel
28
19%
30
12
———*
98
' -
1.05 Jan
9%
Ltd
Corporation.
670
,12%
—1-
common
-i?
,,
11 Jan
27
650
1.25
7
9%
100
475
553
'6
6%
Feb
5,203
1.10
5%
1
16%
-1
—
—
1 4
20
14Va
75%
75Vi
.
17% Apr
9%
1.25
7
Corp
Pictures
16%
14%
—
-
Jan
Northrop Aircraft, Lac———
Jan
800
■
'
1
-
Manufacturing Co
Feb
Jan
May
,
Brewing
1
Casting
Gerlty Michigan Die
Goebel
100
6%
•—
1.95
a35%
1
—
20
*
—
10c
**
Company
Monogram
Apr
5%
395
Co
Aircraft Corp
Jan
7
2%
I
19%
12% May
79% Feb
30
May
76
Apr
1.40
■
Jan
Jan
Jan
8%
25c
;
Apr
May
Jan
1.30
.•**•*.•$£>•£>£•• •• •»:vV
Angeles Investment Co
25
,210
26
23%
15 %
3,050
1,423
100
'
6Va
19"%
,:
'—
-1
—j.
—^
8%
28
2%
-*
—
General Finance
•
19%
2%
——
S Gemmer Mfg class B—
*
26
—
—
Wood
6
—
>
common
Ale
•
Gar
7%
27%
„
§ Detroit Steel Corp___
h
8%
27"%
Iron——
Gray
135
•*•
,
Apr
Jan
Feb
19% Jan
Jan
16% May
21 %
200
;:100
21% 21%
—
10
20
Detroit & Cleve Navigation-—,
M Detroit
19 %
19
* ^
:
_
118% Feb
245
400
135
135
21 % 21 %
—' r
1
Motors
Milner
Crowley,
5
10
9%
10c
Co—
Petroleum
Lockheed
Los
1
:
Corp
£•..•fpXv;*..;r-• ".-J,•.•
Lane
—
---«10c
Menasco
Chrysler
Petroleum
"Jade* Oil
Wa Feb
Mar
545
17
53
—
6%
common
for Week
Lincoln
ll
Baldwin Rubber
Inc
Hupp Motor Car Corp
Sales
30%,.
Apr
385
Jan
575
798
360
*
1
Oil
8
17%
75%
30
*
Holly
Exchange
765
Apr
1.25
Apr
14% Mar
—
'
32%
355
1,450
Jan
Feb
Feb
31
-
Mar
73%
30
__
*
24
45%
Jan
—
17%
10
common
Corp common
15%
12%
17%
„
2
(The)
Motors
15
11%
—
1
A
23%
32%
—
(new)-
Hancock
Allen
May
29%
1.00
Garrettlcorp
Low
,
16% May
20 Va May
—
Goodyear Tire & Rubber Co com
Shares
33
136y4 Apr
34% Jan
15%
General
■
May
215
1
General
of Prices
Hiah
31
625
5
Co
Oil Co, Ltd class A
Farnswortn
Telephone: Randolph 5530
Low
Apr
46% May
120y4 Mar
1,100
4
Industries
Farmers
DETROIT
■
34y2
Jan
a21
__
1
17%
a91%
a27%
Fitzsimmons
Last
vSale Price
v.
41%
Electrical Products Corp
Members
v
J '
6% Apr
70y2 May
41
—
•
50c
Aircraft
Exeter
New York Stock Exchange
41
15
1,833
260
Emsco Derrick &
WATLING. LERCHEN & CO.
„
'•
V
a2ft%
—
__
*
—
America, Inc
Dresser
Week's
Range
Jan-
6
9% Apr.
•
5% Mar
48
Jan
31J/2 Feb
3,450
69%
a38V8 a40y8
68
a39%
20
Douglas
Friday
"
Feb
*•
68
*
20
5
preferred
Creameries of
'
6%
Jan
31
5%
Detroit Slock
"
.
5%
*
Apr
May:<4% Mar
60
*.
Jan
Feb
x
Bolsa
5% Jan
35%
Corp
^ \y%*tr''it i\'<#
Consolidated Steel Corp
Preferred-——
STOCKS
35
340
_1
Berkey & Gay Furniture Co
6% Jan
39y4 May
l ,;Feb
3% May
1,625
Barnhart-Morrow
Consolidated
Hio*
Low
4
36y2
—
Range 81noe January 1?
High
28% May
68% Jan
24
390
Ford Building
I
for Week
Sale Price
60% May
21
a78% a82%
—
Angeles Stock Exchange
STOCKS
Jan
40% Feb
10
—
Los
..
'
34
34
,
',.,.77
a39% a40%
"*
20% Mar
49
Mar
142
32%
3214
Jan
*'*{
Feb
Barker Bros.
a27% a28%
a65% A66 V
a88% a91% ;
.
29%
781
a37% a39%
58 ;
59%
.
—
*
SCHWABACHER & CO., SAN FRANCISCO
19
Sheet & Tube common—*
Voungstown
Jan
a41% a42%
—
1
Direct Private Wires to
Apr
47%
—*
Youngstown Steel Door (Un)
8%
35%
40
32%
2
-
___„_
Apr
24% May
.6
29% May
—
Refining & Chemical
Motor
Oalistod Issues
listed
40%. May
19% Feb
•
World Publishing -;
32% Jan
100
58
*
"/
7th Street—LOS ANGELES 14—TRinity 4121
210, West
22 Va May
a29% a29>/4
—
,,
*'
ALIEN A CO., NEW YORK
V
May
52
'
'"
&'u&\
387
.
—
Van Dorn Iron Works
Warren
Jan
16% Jan
40
7%
7%
;a26% a26%
-*
Thompson Products Inc com—"
U s Steel (Un)
;
—
,
7%
38%
common—.—10.'
Standard Oil of "Ohio
a40% a41
65
642
,
Exchange
-fACILITlEi
17% Feb
i
--;
—
—
20ft
—
Pennsylvania RR (UnJ_——-50
Richman
20
i
-
•
(Un)
Corp of Amer (Un)
Republic Steel (Un)_
20
.
,
Member Los Angeles Stock
Feb
y
_
.
"?■(%'Y-1
—
•
—
Radio
241
—
* '
Mfg(Un)
14%
52
•%';' ,? §if:; '■'£:('£& ?£'-/;'.V.
—-—--—1
.
&
13%
50,
*,'/ 4"
-
.33% May
53% Feb
13% May
1,455
—
.——*
:
,•
15%
—
'
,.''
'•
;
15
—/
Cement-,
Portland
>
15%
—10
-
20 %
•
14
National
White
13% Jan
40
» Y Central RR
Ohio
53 % May
110
BROKERAGE
AND
12% May
566
Metropolitan Paving Brick—
•
11% Mar
26|
Lam son & Sessions—:
COMPLETE INVESTMENT
May
43% May-:
25
33% .33%
iUughlin.^—' &47% a51%
—*
■>*
High
51
Jan
100
Kelley Island Lime & Trans.
^ f<,
260
12% 12%
a52% a53%
17% 17%
'.'Jaeger'Maqhine^„—-r--*«i-—^-^:'
Juuee:; Je
Wn.fV.'.jMv
Since January 1
Low
31
112
50
50
50
V
fV
.»
Ban go
High
C,g •-'j7
-
..———5
Co --i*—_.i———.L*Rayon new com (Un)
1
Iron (Un)
—*
Harbauer
Shares
Low
«''&'>v*V•''
common——.
;;V
,
for Week
of Prices
Par
{i.r
Bros
Sales
Range
:vLast
Sale Price
^
"••.!,
••
Halle
^
Week's
.
■>,:<
Apr
May
Unlisted
Stocks—
& Stan
Amer
Rad
Amer
Smelting
San Corp—.
& Refining
Co_.
American Tel & Tel Co.
Anacer.ua
Armour &
Copper
Co
Mining Co.
(111)
21 21%
a68%a69%
al99% al96%al99%
48% 48%
17%
Jan
23
Feb
—
—*
.100
—50
***"
6R y4 Mar
68% Apr
—
186%
Feb
Feb
Feb
43'/8
Jan
61
12%
Jan
18% May
—
17% :18%
194%
JVoIume 163
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4495
11 y-M&l&rP
V'J**:
.
■■'t!
'
OTHER STOCK EXCHANGES
RANGE FOR WEEK ENDING MAY 81
STOCKS
Friday
Sales
Week's
,
L»*l
Range
of Prices
Shares
Par
AT&SPRy Co
Low
ICO
Atlantic Refining Co (The).
Aviation Corporation
•
•
STOCKS
Low
High
all5Vaall8%
50
50
225
High
34%
9%
50
Feb
11%
11%
1,275
Jan
14%
308
30% Mar
38%
Jan
a52
a53
215
50%
Apr
50%
Aviation
al08%alllVa
195
98
Feb
112%
Feb
a29% a297/a
40
33
Jan
a55 Va a55%
5
52%
Jan
a52%
Bethlehem Steel Corp
*
al09V»
Boeing Airplane CO__
Boraert Company
Borg-Warner Corp
5
15
Canadian Pacific
25
Reo
—
a55%
a59Va a59%
5
30
20 JA
245
Scott
33% Mar
Sun
Co
Case
J
I
Co
.
20y4
25
51%
—
Cities
13%
>
a36
13%
Feb
267/a
Feb
Commonwealth
Cons
&
Southern Cofp
Aircraft Corp..
10%
Jan
13%
73% Mar
76
Vultee
Continental Motors Corp
Continental Oil Co (Del)
-
270
a29y« a30%
—145
5%
35% a357/a
5
5%
15,055
■;
Oil Corp
26
a25% a26%
19
20%
976
25
31
May:
33
May
31
27%
•K
Apr
5% May
Jan
32%
Feb
■'
j
31
Jan.
10%
10%
2
56%
250
527/a
Jan
59% Mar
76%
139
64% Feb
76% May
3%
2%
4%
4%
3%
5%
$%
»•
,
3%
3
,
5%
6%
23%
575
Apr *
22%
20
19%
Apr
Feb
26
3,189
4,290
4
if: 7% ,'ttt
29
21
•
48
48%
572
33%
46
10
47%
Jan
28%
984
22%
Apr
r
21%
100
41%
70
21% May
36
May
?r-v4
40%
STOCKS
Friday
Week's
Sales
May
15%
Jan
208
13%
1,297
10%
a63 % a63 %
50
17%
500
17%
59%
Apr
Apr
Jan
20%
Jan
International Nickel Co of Canada
•
a40% a41%
150
36% Mar
41%
•
a26% a267/a
130
23% Mar
31%
a58% a59%
&
Tel
Corp
Kennecott Copper Corp
Libbv. McNeill &
Llbby
Loew's,
New
York
Central
American
North
60
Jan
15%
a37% a39%
Jan
40%
a55a55%
55
47
Jan
51
May
99% May
Oil
-•
RR
Co
Car
27
27
27%
965
14%
240
24% May
13
May
35 Va
14%
36%
36%
100
31% Mar
320
19%
Co
28% May
12% Feb
36%
a28%
•
42%
50
41%
25
412
42%
46%
234
a67 a67%
9% May
60%
78%
40% May
37%
Cp
•
28%
28%
28%
235
20%
Feb
28% May
•
16
16%
633
15%
Feb
18%
•
37%
39
624
31
Jan
39% Feb
17
18
2,186
a59% a61%
& Gas
Renner
Brands,
15
___
Inc.
&
.25
Bwift
1
Co.
32%
Lines,
U
S
S
Rubber
Steel
95
65%
Inc
23
•
Co
119%
Corp-
Willys-Overland
100%
Feb
119%
Apr
a48% a50%
29% May
36% Jan
4%
550
792
Jan
80%
;
„
;■
2,962
6,162
2
2%
625,
1
5
1
5Va
425
66%'
V*
11%
80
10%
420
1%
450
130
1%
12%
12%
12%
35c
30c
35c
k———1
23
23
23
Glass
1
26
—1
common
Feb"
100
2,614
5%
Jan
46
•
—
270
38%
40%
281
35 'A
36
31%
Jan
54%
.
J
|
669
34%
Apr
51%
35%
36%
700
33% Mar
39ya
181
20% Feb
26%
a62
300
53
-
Week's
Friday
1
\
Budd
(E G)
Mfg Co
Shares
Chrysler Corp
Delaware
Gimbel
Power
Feb
New York
1871
•
i
Curb
j ••
••
~
■
V'
v:
f
:-
G
;
National Power
'
•
50
& Light
•
Sales
Range
for Week
of Prices
Shares
page
3034;
199% May
37% Jan
134
30% Apr
83% Jan
230
18% May
427
22%
508
117%
26 JA
13%
3
1
Jan
Jan
9
54%
53%
Range Since January 1
Low
High
67
9
11
8
May
9% May
Jan
54%
100
10
527
19
19
200
31%
32%
330
High
-
14
Mar
75
13%
26%
.i
.>
Jan
1,302
22% Jan
26%
Apr
258
49% Mar
55%
Jan
70
80%
Jan
25
72%
76
2,151
63%
64
180
14%
15%
13%
14%
1,138
157
688
8'A
3,748
42%
41 %
__
—
47 %
43
48
2,206
320
40%
May
Feb
14% Mar
12
Jan
'
31%
115
—
55
47% May
55
May
31
270
25
50
7
15
47
47
230
48%
49%
33
35
400
12
13
180
47
35% Feb.
50
7
100
17
Apr
31% May
114
30
31
10% Jan
25
55%
25
5
Jan
8%
40
115
4
70
May
j
Jan
9% Mar
12%
Jan
7%
9%
47%
39% May
40 Va
Mar
29%
30%
5,544
20
29%
29"%
1,468
25%
Apr
20
118%
Jan
Mar
Laclede
Midwest
Jan
Apr
48
Mo
f
Feb
J
May
-f
31%
Apr
31
Jan
121% May
•!
*
common
Key Co common..iy._
Knapp Monarch common
Steel
Landis Machine
17%
*
common
Feb
24
Jan
115
May
Mar
68
Feb
22 % Mar
31
May
22%
32
Jan
8
Jan
.
Apr
5% May
47
Mar
52%
43 Va
Jan
50
25
Feb
35
May
10
Apr
Feb
15
Jan
36
May
May
Jan
30
36
600
20
23
22
24
588
Mar
common
com
Inc common
Sterling Aluminum common
Stix, Baer & Fuller common
25%
24%
25%
340
15
24
Jan
24
28
26%
26%
26%
25
26
May
30
Jan
40
40
60
33
Jan
40
Max
26 Va
29
653
.24%
Jan
29
"Feb
152
5
140 >
Apr
,1s?
*
25
29
152
10O
Mar
Miiv ij
29% May
1
29
27
29
1,282
19
Mar
5
96
95
96
120
65
Jan
28
28
125
18 Va
J*n
?0%
57 Va
59
595
32
Jan
59% May
46%
48
305
42% Mar
1
10
•57%
v
■
Wagner Electric common
Jan
20
Rice-Stix Dry Goods 1st pfd—;
St. Louis Pub Serv "A" com
Scruggs-V-B
36
5
|
25
common
Portland Cement
65
*
com
common
Piping & Supply
35
*
Laclede-Christy Clay Prod
Jan
29%
119
1
5
9%
Hydraulic Pressed Brick common—100
Johnson-S-S Shoe
17
29%
119
Huttig S & D common
Hyde Park Brew common
International Shoe
•
__
t
Preferred
19 % Mar
55%
15
common..
common
10
Jan
52%
75
Bottling
Brewing
10
Emerson Electric preferred
100
Griesedieck-Western Brew common—•
May
140 7/a
24%
__
38%
121
Feb
55%
-V
Feb
Jan
244
23
131% 136%
21%
28
Coca-Cola
Columbia
45% May
34%
ns/8
•
Low
1
common
Century Electric Co
High.
Jan
120%
7%
100
see
118
11%
50
common—
footnotes
185%
10
8'/a
common
:V ' 4.4% preferred
For
1,081
33
50
Manufacturing
preference
Low
27%
__
\v
Range Since January 1
High
.1
Philadelphia Electric Co
.
Exchange
Week's
Friday
Building Equipt common.
Burkhart Mfg common
305
21%
5
Corp
Pennsylvania RR—..
.$1
''' \
10
Pennroad
>
23
21%
•
,
..
Exchange Associate
Bank
42%
33%
__
120%
136%
13%
new
M——
Bell Teletype 8L m
Chicago Board of Trade
•
-
■£
.t;
60% May
American Inv
196'A 199%
33
•
Motors
Salt
•
& Light
Battery
Brothers
40%
6
Lehigh Coal & Navigation
Lehigh Valley RR
Penna
50
common
Electric Storage
'iHi t ' •/•'
General
13
—
Pub Co
Curtis
Low
' 199%
5c
common
40% Mky:
39% Jatf
for Week
*
*
:
St., St. Louia 2, Missouri
,
New York Stock Exchangs
St. Louis Stock Exchanere
*■
Sales
Range
of Prices
...100
———t
M
46
32% Mar
32 Va Mar
Jan
a60 V2
Par
Company
28 y« May
Mar
Jan
a24
Last
Baldwin Locomotive Works v t c
Bankers Securities Corp. pfd
28y4Mtfy
,
Feb
a227/a
...
^
MembersW
•
■4XA
Apr
580
Sale Price
Autocar
40
jfori\
24% Feb
Jan
5%
:
#eb
w-
60c
Jan
35%
4th
«
,
Philadelphia Stock Exchange
Tel
"13
Mar
18%
40%
Par
Stores
2%
Jan
30c
•50
Sale Price
Tel &
12'A
Feb
10% May
Jan
1% May
26,600
Last
American
7J/2
2,318
St. Louis Slock
American
Jan-
i Feb
28 Va
Established
North
300
STOCKS
STOCKS
Jan
14%
9
80
Edward D. Jones & Co.
Chicago Stock Exch.
276
38%
a61%
n
6%
48%
-28'A
46
Feb
Jan
20%
46
——*
May
2% May
fMar
20%
1
!
17% May
66 '/a May
40 Vb Feb
440
10%
1
67
42
May
12
Jan
4%
41 Va
1
r-l
j
6%
Jaff'
20
Jan
10% Jan"
15%
:■
St. Louis Listed and Unlisted Securities
' 7% Jan
a24
Woolwortb Company (P W)
16%
12
9
F6U
115
Mar
95
105
11%
(
Westinghouse Air Brake—
Westinghouse Electric Corp com—12%
76% May
96% Feb
76% May,
36%
.12%
35
19%
1%
vtc
Apr
37%
Motors, Inc
100
16'A
2%
1
51% Jan
70
,;§
100
*
160% Apr
Apr
200
a48%
Feb
160'A
3:1%
r
6% &
.'vj.-,v-
Warner Bros Pictures Inc..
Western Union Tel Co A——..
Westinghouse Elec & Mfg Co
Mar
40
a87 Va a91%
34% Mhy-
23% Apr
130
——
States
65% May
50% Mar
41%
6%
34
22% Mar
Jan
50% Mar
53
41%
a77% a77%
25 Ve Mar
287
May
60
al55% al56%
Co.....
40
93
all9% al20%
—
150
34%
;
36% May
19%
182
31%
.
23
Feb
29% Apr
37% Apr
27%
1
Vanadium Alloys Steel
76% May
115
23
al5"6%
a
10
18%
■
27%
16%
*
Common
49% May
4
225
65%
a57 a587/a
United Aircraft Corp
United Corporation (Del.)..
U
912
a58%
.100
50
36%
-10
Pacific Railroad Co
Air
591
a39% a39%
—
—•
Union Carbide & Carbon Corp.
United
Feb
65% Feb
76%
United
May
4% May:
12
*
common
San Toy Mining
Standard Steel Springs
52% May
Jan
38
a22% a23%
..25
Gulf Sulphur Co.
Tide Water Assoo Oil
Union
a22%
35%
25
Texas
<
47%
290
49%
76%
♦
Webster, Inc..
Corp —
& Co-
Texas
86
49%
49%
25
Studebaker
18
15% Mar
a48% a507/a
Oil Co" (Ind).
Standard Oil Co. (N J).
Stone
18
•
15% F^
Jan
5
Brewing
125
Bocony-Vacuura OH Co
Southern Ry Co
Jan
2%
4%
19%
.•
Reymer & Bros
Jan
9%
300
mmm
10
Corp
Preferred
46% May
Feb
635
60% May
30 y8 May;
32%
Pittsburgh Plate Glass
10
Pittsburgh Screw & Bolt Corp—
♦
Pittsburgh Steel Foundry common—-•
23
46%
14
—
*
Fireproof lag
Ohio
Feb
13%
10
Fuel Supply
Oil
38% Jan
22% Mar
•
Gas
Pittsburgh
430
507
4%
5
National
Apr
47
Jan
Corp of America
Republio Steel Corp.
Oil
Radio
Standard
•
1,095
a67Va
Standard
,
10%
a75% a75%
Feb
•
Pure
.
10
10%
a75%
Jan
60%
30'/a
1
Brewing
Star
58
25%
13%
•
Commercial Corp
Walker Refractories
Mountain
16% Jan
Inc
-
y,
Lone
^
Range Bines January
High
Low
High
29%
-
Jeannette Glass pfd„_
36% May
a28% a29%
10
Phelps Dodge Corp
Pullman
76% Jan
14%
Pictures, Inc.
Pennsylvania Railroad Co
v
225
al00%al03%
1
•
Motor
102%
•
Co
Pacjcard
a
Harbison
Low
58 Va
Gas & Electric common
Duquesne
Apr
40
Shares
Steel..
Co
Continental
Apr
33%
13%
Paramount
*
Blaw-Knox
Apr
11%
220
Aviation Inc—-
American
Ohio
Jan
490
.18
McKesson & Robbins, Inc
Montgomery Warn a, Co. Inc
North
50%
14
»
7
Inc
Ludlum
Columbia
Feb
•
Allegheny
Feb
International Tel
for Week
of Prices
Par
60 % May
13%
Range
Sale Price
51% Feb
53 %
53%
11%
*
47'/a May
.
Pittsburgh Stock Exchange
Feb
May
50% Feb
53%
•
Corp
Feb
Apt
30%
21%
*
54%
26%
4iya
20
'\W-V\U
54%
Last
Interlake Iron
5% May
■-—
May
150
Great Northern Ry Co preferred
Jan,
26%
v
Apr
Feb
7%
29
13%
4%
i; j
12% Feb
110
29
1
Jan,
58%
,z...
13%
FeTo
Feb
4'A
May
1
3% Jan
Apr
Jan
8JA
8%
_•
3
31
671
-
Jan
40
*
Graham-Paige Motors Corp
10% May
7% Mat
Jan
17 Va Mar
30%
a23 a23 %
"a23
General Electric Co
General Foods Corp
Feb
75
y-y
.
::A
Feb
26%
55%
25
.„rH
....
U.
,•
33%
50
10%
25
common
;
preferred,
26% Apr
56%
1
Corp
25
'
1
•
Mining
Invest
:
32% Jan
46'A Jan
.
•
—
1
Westmoreland tag*—...
Westmoreland Coal
35%
Feb
2%
Jan
a25 % a25 Va
—1
C0ZIZIZIZ5
Corp
'
27%
296
28%
High.;
•
377
36%
28%
common.
United Corp flmmmnn
.<' '$3
31% May
Mar
20
31%
a48% a48%
20%
5
A
Electric Bond & Share
Electric Power & Light
.
a30 Va
1
1
:
Curtiss-Wright Corp
Class
•
•
35%
28%
1
United Gas Improvement
Columbia Gas &
Electric Corp—.—*
Commercial Solvents Corp
_•
Commonwealth Edison Company
25
Low
28%
36
...
Preferred
51% May
78% May
35'A Apr
Feb
45
t-: 35
a35*A
•22%
J
Paper
Tonopah
,54% May
,
18% May
360
a79% a79%
51%
Caterpillar Tractor Co
•
Servicei*
•
28%
50
common
Oil
Transit
.
Range Sines January 1
High
28%
-
t
Motors
Salt' Dome
Railway Co-
Low
'
25
•
75
13
Corp..
Par
•.
pfd
Shares
Apr
*
Reading
Bendix
Sales
for Week
of Prices
Feb
33%
•
..
Z"
Phila Elec Power 8%
Philco Corp ■ -
May
33%
——
Week's
Sale Price
110% May
Jan
109
105
25
vtc-
FridayU
Range
Range Since January 1
'v
Baldwin Locomotive Works
^ k,M Z*.
for Week
Sale Frlce
.15
48
96
Z
May
Apr
49% May
,.
■
THE
COMMERCIAL & FINANCIAL CHRONICLE
Monday, June 3, 1946
CANADIAN LISTED MARKETS
"
s
'
31
RANGE FOR WEEK ENDING MAY
Canadian
STOCKS
Friday
East
Funds
Sale Price
Par
Alitibi Power 8c Paper new com
New
$1.50 preferred
New
20
preferred-.,-......!*
$2.50
£
20
Acadia and Atlantic Sugar
preferred
5%
.,
A com
*
100
—
Acme Glove Works Ltd common
6% %
Algoma
Steel
40
39
40
22%
22%
**
<
23
:
100
105
:
Co. .of
Canada
pfd
Amalgamated Electric Corp.—Anglo Canadian Telephone Co pfd
-*
50
Asbestos
•
Bathurst Power & Paper class A—*
Bell
Telephone
Brazilian
Trac
Light & Power
32%
*
Jan
Jan
Jan
103
14%
26% Apr
107% May
40
May
5
100
Jan
29
Jan
26
>..,,-251
130
Jan
227
:
105/105
616
105
May
109
25
17% Jan
20
24
National Breweries
55%
145
55% May
56% Mar
9%
10%
5,530
8% Mar
12
100% 100%
100
08% Jan
102
2%
32
Jan
1,845
33
,
2
30
Feb
19
Feb
24
215
May
635
181%
22% May
28,915
30%
Jan
21
16%
Jan
26 % May
31%
385
27%
Jan
33
Apr
37
36'A
37
335
29% Feb
37
May
•'
19 Va
19
19%
6,055
19
May
25%
25
45
45
45
116
28
Jan
45
May
21%
20%
21%
5,730
20
May
22
May
50
50
52%
33
100
47
Jan
52% May
15
30
Jan
56
105% 105 %
—
*
10
51
Preferred
32
34
180
180
7
1,915
82
83
19
19%
*
r
Jan
51
May
31
May
Jan
35
"36%/JfaiT
2
6%
51
"30% Apr
Apr
63% Jan
530
32
180
Feb
106%/Apr
24% Mar
175
6%
175
175
Apr
181
Jan
,
-6% Mar '
-50
Jan
-
8%
Feb
83
May
20
Apr
70
102
Mar
Feb
_•
33%
33%
34
120
30
Jan
34%
Feb
*
8OV2
79
80%
195
70
Jan
81
21
21%
500
19
Apr
23
Apr
Feb
33%
1,125
30
com—lOd
19
100
—
Ltd
Jan
Jan
1,007
*
—
P&gd-Hersey Tubes—
Penmans
29
*
common--—
Aircraft-
Feb
44 %
24
1;815
100
Car
Ottawa Electric Rwys*—
Ottawa Light, Heat & Power
Jan
44
-
31
67%
'
*
*
Jan
35
•
—
105%
1,627
25
C0rp**-^LL.—*
Feb
38
38
luo
Preferred
Apr
Jan
..../ 580
14%
5,440
40
—
Wire Weaving^-.
Ottawa
Jan
35
5,358
common-*.-
Ogflvie Flour Mills
Feb
1,201
2%
19%
26%
100
Noranda Mines Ltd——
Apr
3% Feb
Jan
Apr
19
24%
"
Niagara
12
19"%
-
—
i.———.
National. SteeL Car.
Feb
Jan
5
5
32
Murphy Paint Co preferred-—-'
Mar
18%
High
Low
10
*
Montrear Locomotive
Preferred
Range Since January 1
High
10
25%
Breweries—
May
20% Mar
610
23%
Week
Shares
•
(Robert)
Montreal Telegraph —
Montreal Tramways
Feb
.227
224
10
tor
•
-
Montreal Light Heat & Power Cons
Montreal Loan & Mortgage—
"Apr
24
Low
*
common
——
Molson's
Apr
40
Steel
Mitchell
-May
106% May
140
40
22% 23%
211
215
22% 25%
23
215
-
25
21
21%
55%
—
-100
*
425
2%
-
Corp
24%
u
18%
^
Corp common;——.-., ir.v.u—,i..10%
4%% convertible preferred
100
100%
—.
20% Jan
21%
Argus
•UWarrants
38
40
227
Mar
310
107% 107%
«**
,*
Mar
18 % Mar
600
24
common———*'
14
23,109
14,535
.
22%
106% 106%
100
common—;
Ltd
Aluminum
20%
.*
preferred
Agr.ew-Surpass Shoe
Aluminium
19%
—
Range Since January 1
Low
High
Shares
High
Struct
Massey-Harris
McColl-Frontenac Oil
f or Week
21
20%
MacKinnon
Sales
18%
.
tunga
of Prices
Par
of Prices
Low
21
Last
Sale Price
Exchange
Week's
Range
Sales
Week's
Friday
STOCKS
Montreal Stock
—-
common
465
16
102% 103%
103%
Apr
Placer
British
Amer Bank Note Co—a-—*
British
Columbia
Power Corp
Class B J-—;
c
Bruck
Silk
A——*
w*
—
Mills
.
,*
„
«_
28%
28%
50
22
Jan
29%
*.*•
33%
34
5%
23%
255
27
Jan
47/a
5
23%
23
•
33
32
Bulolo
5
21%
735
Canada
Cement
Preferred
•
Canada
149
Forgings class A—
Canada-
Iron
Preferred
Foundries
,*
*
common
———-
23%
24
100
common—
——.
—
#
21
19% May
Jan
14% Jan
24%
3,600
149%
148
,*
—
33
23%
175
21% v21%
Dredging,-.
19% May
420
Building Products class A
Gold
3% Mar
2,650
424
131
Jan
25
26
21
15
15
21
*
33 Va
33
36
Apr
•
16
15%
17
575
13% Mar
17%
Jan •
*
72%
70
73
2,160
54% Mar
73%
100
101
137
Power
25
Canada
Northern Power Corp
•
14%
•
19%
50
—
5%
preferred
Feb
Feb
29%
Jan
22% May
Jan
15
14%
1,162
270
25%
27%
9% Mar
905
19%
52%
•
Canadian
*
Bronze
Canadian Car 8c
Class A
,
common--
Foundry common
—
•
•rt
15,175
J?
Preferred
,i
Concerters class
Canadian
Class
100
A—
14% May
Canadian Cottons
COtiimdn—»*«
St Lawrence
27%
Feb
St
Apr
Jan
Foreign
Canadian
B
Class
Jan
53%
4,875
16% Mar
20%
22%
22%
765
21% Mar
22% Apr
67%
768
59%
67%
Sherwln
—
44
44
350
40%
18%
285
16
Jan
Jan
Mar
35
Jan
48
May
43
860
May
53
Jan
40
38
•
24%
24%
26%
*
23%
25%
42
22%
41
6,720
6,622
16%
•
common-
Pacific
42%
1,015
33
—
RAiiWay—
26
17
21%
17
17
Feb
13%
Feb
Mar
15%
50
21%
22%
...»
ny4
17
173/3
99%
99% 101%
4,322
—
49
Crown Corkv&r Seal.
40%,
On——;-.
,
,
,
,»
Davis Leather Co Ltd class A—.—*
Class "B"
*
-
Distillers Seagrams common
•
—
.,40% .SO
151%
15% Mar
Jan
78
41% Jan
280
.140
32%
128
7,045
50
Jan
19% Mar
660
Consolidated Mining & Smelting——5
Consumers Glass ——
•
Cockshiitt Plow
15
15%
126% 129%
25 %
17
Briifg*
45
Dominion
Coal
Dominion
Dairies
Preferred
,«
preferred-
25
*
common—
———
18
12
18%
12
Foundries
Dominion
Glass
&
new
Steel
*
common——*
ytiuuion,Steel & Coal class B—25
Dominion
V'
Stores
Ltd-
fA-''""-r'^'^Vi'*-*
Sicks'
26% May
25 % May
34
37%
5.439
30
Feb
37% May
35
35
50
34
Apr
41
—
-
3
3
3%
1,520
3
Apr
100
24%
96
100
1,781
83
Feb
24%
25
2,801
21% Jan
May
26% Mar
36
36
60
29
Jan
38% May
56
56
20
37% Jan
60
May
21%
22
265
18% Jan
25
Apr
14 %
100
—•
Williams of Can common
Breweries
>'
common
.*
i
Southam Press Co
Southern Canada Power
Standard Chemicals
5%
preferred
——•
15 %
15%
13%
14
3,465
109
105
105
30
•
*——
90
91
420
92
92%
80
Steel Co of Canada common
—25
Preferred
17% Jan
24% Feb
Apr
19
101% May
Wabasso Cotton
•
-
Walker Gooderham 8c Worts cool
Preferred
•
i—•
-
—
•
Corporation
Enamel
Heating
&
English
Electric
Class
33
May
Wilsils
Ltd
Winnipeg Electric common—.
13%
Jan
16
Feb
129% May
46
1,283
1,880
Feb
45%
13% Mar
387
10%
Jan
25
31%
Jan
14
May
35% May
common
of
11%
11%
96
152'A
23
98%
340
152% 154%
5%
;
Power
1.440
—.*
,
109
Feb
154% May
700
22
Apr
23% May
36%
175
27
Jan
26
75
24
Jan
36% May
27
Apr
9,227
13
Mar
21% May
42
1. 42
28%
685
34
Jan
170
28
Mar
310
47
Apr
49% May
Nova Scoti
28
12% Mar
23
375
21%
Jan
27%
995
23%
Feb
32 %
27
460
23 % Feb
27
May
25
26
26
26
__
—
18
25
-
Royal
—
25%
111
Apr
334
181
17%
18%
20%
90
Jan
120
165
Jan
184
16%
Jan
2,025
19%
Jan
23 % Mar
843
21 Va
Jan
27%
Apr
39%
Apr
1
25% May
;
37%'
340
37
37
25
-10
24%
25%
50
50
13
Feb
16% Mar
19 %
.—
$22,000
Power Notes,
Montreal
—
10
Mar
16
Mar
35
Jan
9
Mar
13%
Jan
19%
19%
15
Mar
32
32%
28%
Jan
19% May
34
Feb
19%
20
365
14%
Jan
20
May
110% 111
61
105%
Jan
111
Feb
111
111
15
110 \
Jan
111
Feb
6
1,000
19%
__
•
6
May
19
18
Mar
108
106
Jan
10%
12
17
11%
11%
181/2
108
Montreal Curb Market
Canadian Fonda
Friday
STOCKS*
Sales
Week's
8% Mar
7% May
Atlas
Steels
•
common-..
——
Mar
78
May
7
1.75
285
5
Mar
8
Apr
20
20%
175
18%
Feb
20 %
15%
15%
26
14%
Jan
16
Vancouver Ltd—5
16
'105
13
Jan
16 Va May
•
18
100
12%
Jan
18
May
13
Mar
Belding-Cortlcelli Limited
Belgium Glove preferred
12% Feb
*
48%
30% Mar
34
36
53%
36
100
—
Mining—
.
53%
53
48%
49%
37%
May
Jan
38
Apr
Brewers & Distill of
•
6%
edftitttdn_100
*20
1.75
class B
Bright & Co Ltd T G
53 % May
50
May
British
Oil
Ltd
-
•
....
Imperial Tobacco of Canada common_5
/Preferred
—
—
14%
15%
jei
-
14%
14%
14 Va May
17%
Jan
15%
15%
13%
15 Ya
Feb
8%
Jan
7% Jan'
8%
8% May
-v-•»
Industrial
Acceptance Corp com
Preferred
——
100
—-
International Bronze
Preferred
•
•
common
—
25
.
International Nickel of Canada
com--*
International Paper common
Preferred
;
——
15
10a
„
International
Petroleum Co Ltd
International Power common—
International
Jamaica
Labatt
Utilities
Corp new
Public Serv Ltd
(John)
common
Legare Ltd preferred
(C W)
see
105
32%
34
Jan
Feb
106
Jan
17% Jan
23
May
Jan
40
May
39% Mar
47
Feb
105
105
22%
23
391/4
39%
40
33
45
44%
46
55%
43% Mar
59
;iApr
133%
120% Mar
140
-Apr
54%
3,33 %
54%
133
18%
18%
lO
•
58%
SS
60
47
Feb
17
17%
16
May
16
16
15
38% Feb
23
•
17
*
18% May
-
100
12%
Jan
27%
60
Jan
May
18% May
16% May
27%
27%
27%
25
Jan
28%
Apr
•
36
35
36
29
Jan
37%
Apr
24
24
25
25
—•
25
.*
common.
For footnotes
105
33%
•
——
Lake of the Woods Milling common
Lang & Sons Ltd John A
Lindsay
34
page
20
20
18%
Jan
24% May
23%
Jan
26
Jan
10
Feb
20
May
-
28%
1,676
5Va
23,525
52
343
30
Jan
52%
Apr
65
65
25
55
Mar
77 Va
Apr
175
175
175
10
170
Mar
7
6%
7Va
96
94'A
96'A
700
IOV2
10%
10%
795
106
107
Company common
Preferred
Hosiery
—
*1'
—
1%
Malting Co Ltd—
Northern Power Corp
preferred
Canada
Canada Starch
7
%
£&.*?
May
29%
Feb
62%
Apr
Jan
90
109
Jan
113
May
44
75
40
Feb
44
May
10
11
155
10
Apr
12
Mar
110
110
20
110
May
125
100
100
Dock Co Ltd
*
Canadian General Investments Ltd—•
Canadian Industries Ltd class B
•
Canadian Dredge &
100
3034.
in
56Va
:
100
1
—
—
" May
108
Feb
23
44
44
Co Ltd common
Vingars Ltd
——
Canada Wire & Cable 6%% pfd
preferred
106
Apr
Apr
11% May
8% May
125
Mar
104
Jan
86
260
113
409
Canada
7%
—
24%
182
8
Ltd—
class A-—-—2
preferred
/
5 Vs May
4% May
81
—
Packers
.
locfi V
Calgary Power Co Ltd 6% pfd
Canada & Dominion Sugar—-L
Canada
289A Jfes
25% Mar
28
1
—
—
Preferred
Canada
Apr
May
100
Common
Butterfly
Apr
4%
Ltdy
***
100
British Columbia Pulp & Paper
Brown
1.75 May
1.40 Jan
5
50%
—28%
Columbia Forest Products Ltd—
5
Columbia Packers Ltd
*
50%
British American Oil Co Ltd
British
High
LOW
55
17% Apr
14
Range Since Jannary 1
250
76%
—
109
0%Maf
Shares
High
76
Limited
Bathurst Power & Paper
Mar
for Week
of Prices
LovD
Feb
20%
Range
8ile Price
Brandram Henderson
_•
-
Mar
Jan
27
16%
-
50
49% Feb
May
11%
*
Imperial
Jan
20
Apr
22
10
—*
common
Paper
33% Jan
2,315
-
May
1,110
22
Gurd
Bay
Feb
150
23%
26%
20
May
2
115
181
160
34
34
100
—
preferred
22%
20%
23
BONDS
Feb
1QQ
—
-
Gypsum, Lime 8c Alabaatlnft
New
Jan
May
May
11
•
-
Hudson
May
30
28 % May
—*
Howard Smith
45
*
26%
20
23%
>10
Montreal-
27
_
Bridge
Feb
May
20 %
28%
25
.10
Feb
11,997
General Steel Wares common—
Preferred
«
Hamilton
13%
99
Apr
Bank*
37%
100
Canada
preferred—r—
preferred
(Charles)
74%
26
26
18
Canadienne
Jan
32
-•
common
Bakeries
94% May
17%
35
•
*•
preferred
31%
23
21%
•;
Corp new—•
5%%
General
Jan
23
23
Last
Gatineau
Apr
8'A Jan
3,704
97%
-•
—-
Zellers Ltd common—
260
6
Players Canad
Co
91
18% May
49%
a
Foundation
Jan
Jan
Jan
10
.
A—
B
Famous
May
Feb
92
21%
1
Products
class
105
May
Jan
49
115
•
100
__
Paper
Electrolux
Jan
Jan
100%
11%
•
29%
49%
21%
27%
100
Preferred
92%
16
84
595
13 %
16
79
15%
Jan
10% Mar
*
.*'
common*
Weston (Geo)
33
27
Dominion Textile tommon
Dry den
100
1
•
Voting .trust certificates
Preferred
v
56
——*
■
Mar
4% Mar
May
46
50
9% Mar
7% Mar
5,797
9
50% Feb
32
•
Dominion Tar 8c Chemical common
i
104% May
411
9%
35
Jan
33
,_—-*
20% May
109
Jan
37%
Commerce
Dominion
May
•
130
■,"W
Apr
25'A May
*
48
1,080
12%
•
35%- 35%
...35
—
17%
104% 105%
Mar
25
Apr
16
81
22
19% Jan
25
50
Lawrence Paper preferred
Shawinigan Water & Power-*-
6%
Dominion
17% Jan
50
com*
290
33
779
25
16
United Steel Corp
Canadian Oil Co
Canadian
20%
May
19
Jan
5%
48
-
Apr
44 % May
12% May
**,
*
——
47
20
25
20 %
25'A
Corporation common
St
66%
"
Apr
8%
Rights
22%
55
Apr
1.70
*
preferred
Lawrence Flour Mills
07
—»
Investment—
Canadian Locomotive
47
-*
Canadian Ind Alcohol common—
•VT
75
19
48
19%
15%
Jan
Apr
20% Mar
2
Jan
1.30 May
100
22%
50
12%
3,475
4,859
5
—*
Preferred
.
12%
18
1.75
25
Paper common
52%
50
__
16
1.30
•
Preferred
Jan
17%
-
B
Apr
Feb
102
May
100
18
•
May
18
47%
18%
__
Jan
1.70
Quebec Power
Regent Knitting Mills common—
Apr
18 %
—25
—*
Canadian Celanese common
27
100
•
A
Canadian Breweries common—
100
—
Provincial Transport
Rights
May
16%
18
11%
—
149 % May
12%
51%
-
Corp of Canada
Rolland
Canada Steamship common—
5% preferred
«,*
*—■
Co
Price Bros & Co Ltd common--
34
Mar
24% Feb
60
28%
1
River
Apr
May
5% May
23% May
157
28%
21
Development—
Powell
35
iinpoa..^ 'yjywV
17 %
107 Va
17%
113
191
25
x.
187
187
,
4
Jan
111
-
30
Apr
Apr
Mai-
May
Jan
18
Feb
163
116
244
^
Z Jan
253
May
178
Jan
15%
15
242
Apr
May
107
1,075
30
243
15%
40
17%
107 108%
19%
-
187 / May
,;
.Volume 163
THE COMMERCIAL &
Number 4495
FINANCIAL CHRONICLE
CANADIAN LISTED MARKETS
&
STOCKS
Friday
Week's
Range
Last
Sale Price
!
.1
Par
.
{',?„• Canadian
Ingersol Rand Co Ltd—.—*
Canadian Inter Invest Trust Ltd com-*
;'j
^'Canadian Light
Canadian Pow & Pap Inv Ltd com—•
__
17 %
68%
6V4
3%
8
1,917
3%
14
—•
Low
High
14
3'/a
__
3%
3%
125
-
3%
375
37%
41
2,511
149
157
275
3%
3%
3%
57
57
18
18
Ltd
common
-
-
,
Ca'ssidy's Limited'
7%
—
1
common—
preferred
150
150
20
Chateau-Gai
Wines
Ltd—
;Ciauue Neon General
;<=
■
m
Preferred
Aav
—
100
—
Vf-ff "v • X
if Commercial
.
Ik Consolidated
m
65
70
Div Sec class A
*
Preferred
.
93
'
.
5%
20%
80c
80c
1.20
1,050'
5
•>'
139
2.50
19
18
19
9
•
22
21
22%
13,484
Consolidated Paper Corp Ltd
Apr
Jan
3.80
Feb
62
Eideridge
Gold
fl;:. Cosmos Imperial
Mills
Apr
•
Goldbeam
Ltd—
*
Jan
-
7
40c
v
150
60
May
May
20
-
' May
Jan
\T6
class
Goldora
Mines—
30%
Cadillac
Works Ltd
Jan
7% May
1.75 May
465
__
4%
5%
270
60
60
100
II Dominion Malting Co Ltd-
20
e| Dom Oilcloth & Linoleum
Co. Ltd-
•% Dominion Square Corp
|f Doiiniuou Wool.eus i-w—
|B Donnacona Paper Co Ltd
•
-
30
43%
__
44
26%
44
*
j;__-
30
—
26%
290
23
Apr
18%
>18%
18%
Jack Lake Mines
51o
May
5c
Apr
May
J-M
Consolidated Gold
17%
18%
75c
Jan
Lake
|
V
4
,
.
100
.
.
.
.
Pairchild Aircraft Ltd--
Jan
Feb
32
8% May
2% Feb
27% May
Jan
37%
37%
13
13%
64% May
4
22
Mar
30
Shore
& Explor Co Ltd-.
Ltd
Mines
Gold
Mines
Ltd—
i|g
4%
63
Ford Motor Co of Canada class A—-*
3
7,600
50
Mining Corp of Canada Ltd
9.35
9.35
Nechi
1.50
1.76
May
8.85 May
100
1.50 May
..500
18c
;
20,400
18c
18C
2.21
O'Brien Gold Mines Ltd
2.40
2.45
1*400
25C 27%C
14,800
Cadallic Gold Mines Ltd-,
Pandora
Pato
Cons Gold
Pickle
Realty Corp
Tire & Rub of Can Ltd;
;;£• Great Lakes Paper common
Pitt
Gold
Mines
2.25
63
5%
Red
Crest
Gold
Mines
Feb.
7.65
.300
6.25 Feb
-7.80 May
3.65
500
3.65 May
21c
22c
2,300
3.65 May :
37c. Jan :
,
20c
May
Fel»
42o
Ape
13c
May
17c
May
23c
38c
Jan
Jan.
Ltd
Sherritt-Gordon
10
Gold
,
Mines
Ltd
Sladen-Malartic
Mines
Mines
Gold
8O0
61c
May
May
1.45. Jan.
1.15 Jan"
18c
May
29c. Apr
,90c
May
19c
May
2.35 May
1.49 Jan.
42c Jan
3.50 Feb
7^0 May
80o May
18c
-
Ltd
42c
Mines——
14
14%
150
Stadacona Mines 1944 Ltd
74%
960
Standard Gold Mines
399
28
27
__
3.65 Jfttt
1.07 Jatt
—
Ltd
Siscoe
515
27
120
25
27%
28%
680
64
62%
64
—1
Surf Inlet
1
120
28%
*
455
__
Villbona
10
21%
•
Mines
Gold
Westville
Corp..
3.83 Jan
46c
240
320
-
«
Iff; Halifax
May
May
25c
3.65
——
72%
*
Preferred
:
Jan
1.76 May 1
29c
Jatt :
2.21 May :
May
LQ9 Jft»
Yellowknife
27 %
•
—
Jatt
May *
Jan •
7.50
Dredging Ltd
Gold Mines Ltd
Crow
73
»,
I»|a Goodyear
7.50
75%c
1.25
12 y4
.
Apr-
1.25
13,050
1.95
—,
Mar
69c
t
Normetal Mining Corp Ltd
Sullivan Cons Mines Ltd-
Insurance Co
Hydro-Electric Securities
-
100
27%
100
jj
j|jv. Godfrey
'
70c
1.25
Mines—
25
-
8%
5%
„
5%
•
May
475
8%
„
A————*
i-'fj
I# Foreign Power Sec 6% red pfd
Eraser Companies
;
;
3.85
70c
Gold
Rochette Gold Mines.
—
__1
Ltd-
3.30
Ltd
1.25
Lake
26% Feb 1
1.41 Feb
43o
Jan
1.75 May -
1.45 Jan
Mclntyre-Porcupine Mines
Jan
J11
1.01 May
24c
Soma-Duvernay
fleet- Axrcrait
Ltd—
Ling side Gold Mines-i
Red
-
19% May
Mines
May
905
4
—
13'A
5
Fanny Farmer Candy
jp Federal Grain Co class
'.-V,
1.15 Feb9c
Feb
2.24 Feb
'
5% May
44% Mar
•
•
-
;
7.25 Mar
Quebec
*
19% Feb
2,090
•
#• East Kootenay Power 1% pfd
•J; Eastern Steel Products Ltd
Ltd_.
Mines
Jan
63c
\
../
Labrador Ming
1,175
18
May
14% May
Joliet-Quebec Mines Ltd-—-—
10
■
46c
i
2.05 Jatt
35c
Jan :
1.15 Apr 1
Jan
435
•
1 58c Mar
'
Apr
May
May
18c
•
Nib Yellowknife Mines Ltd
27%
•
52c
Gold Mines Ltd
Macdonald
20
27
1.35
—
Louvicourt Goldfields
2,125
27
May
Hollinger Consolidated Gold———.
'■ k;
■
1.50 Jan
20
Apr
23
Apr
.
Jan
1.45 Apr
Jan
20e
——
20% May
Feb
49c
Mar
24c
—
Jan
2
40
1.35 Jan
36c Jan
Apr
80c
—
May
15% May
15%
High
;
May
Jan
6%
4% Mar
16%
75c
8%
*
1,500
16c
——
Ltd
Mines
Lingman Lake
30%
*
Dominion Engineering
A
89c
16 JA
,
Limitee
tow
1,000
v
75^
r-
Feb
2
v,v,-;
111 David & Frere
ft Class B
97C
90c
Jan
Mar
8%
—
*
17c) 17c
—
—
Goldvue Mines
Heva
11%
30'%
•
-
8%
*1 Cub Aircraft Corp
%
—
Found Lake Gold
McKenzie
>"kCrain (R L) Inc
95C
—
Mines
Fontana Mines (1945) Ltd
Feb
18%
57
41
,
5%
20%
5%
Apr
2.40
15
25
325
300
:'
.
168 'A
Mar
11
60c
Mines
Gold
Range Since January X
Jan
May
Jan
16
15%
60c
—
70
Alcohols Ltd common
•
Consolidated Bakeries of Canada Ltd.*
; ^
'
Apr
Feb
Jan
10%
10%
v
18%
Jan
128
15%
__
—*
com——.*
4%
Jan
95
„
Elder
Shares
Jan
5% Jan
12%
40
20
,
15
Apr
30
100
Catelli Food Products Ltd common-—*
5% preferred
^
—-15
,
Apr
Feb
98
19,920"
5
"
9
13%
18
40
157
Vickers
7%
70
Jan
tor Week
Y£IJ£Z
High
Formaque Gold Mines Ltd
1.75
*
jf
17
13
Range,
of Prices
Low
-
Apr
4%
125
14
High
i
Mar
62
50
preferred
^100
fi, Canadian Western Lumber Co
2
t
Canadian Westinghouse Co Ltd—•
Canadian
f;
Las*
Sale Price
Range Since January 1
68%
6%
68 %
1,
;;£?: b% preferred
Shares
Low
-100
& Power Co
Canadian Marconi Company
!';■
Friday %Sales
Sales
for Week
of Prices
.
MAY 31
FOR WEEK ENDING
RANGE
Ltd
Mines
25c
21%
15
7
7%
825
i81%
8%
16%
50
45
Anglo-Canadian Oil Co Ltd
16
16
16
75
Homestead Oil As Gas Ltd—
Jatt
32o Mar
6.45. Feb
Apr
4.85 May
Wright Hargreaves Mines Ltd.
21'A
—
May
Oil Stocks
iij£
Inter-City Baking Co Ltd.
Nf lnt'l Paints (Can)
Journal
Publish
100
Ltd
class
of
Ottawa
Co
A
—
-
Ltd
__
*
16
1.00 Mar
Ltd—
Home Oil Co
3.05 Mar
5c
[
Lake St John P & P
M;
Lambert
(Alfred)
•
Inc-
,11
11
800
-•
13%
13'A
13%
275
•
47
42%
47%
1,570
MacLaren Power & Paper Co
Maule Leaf Milling Co Ltd common
[C Maritime Tel
& Tel Co Ltd
•
McColl-Frontenac Oil 6% pfd
Melchers
fc
Distilleries
Ltd
16
21
21%
21
30
-
29%
30
125
105.90 106.25
2,124
106.20
•
10
—tO
»
Minnesota & Ontario Paper Co
E
15%
21
r100
common
Preferred
e
150
10
26%
10%
18
Toronto Slock Exchange
Lack of space prevents us from including the
3,755
17%
__
5
631
26%
26%
__
22%
22%
14'A
14%
14%
117
117
119
to publish
it in next Monday's issue.
Montreal Refrig & Storage 2d pfd—20
h
Mount
i:
to#
Royal Hotel Co Ltd
•
Nova Scotia Light and Power com——*
Gc/o
\
preferred
Nuclear
I f
Range
Sale Price
of Prices
Par
common..
111
112
13"%
" 15
Abitibi Power & Paper new com—•
$1.50 preferred
;
20
40
15
610
;
22%
p! Quebec Pulp &
Paper 1% red pfd—100
pV; Reliance Grain Co Ltd common
:—*
Preferred
4——
—
22
61
40
19%
40%
19%
575
111.35 111.35
35
'
—
Preferred
133
60
[?
Sarnia Bridge Co, Ltd
Sick's Brewing common
pi,
•
100
Agnew
Alberta
|r; Southmount Invest. Co. Ltd
I
Standard Clay Products
'
Stowell Screw Co Ltd
Stores
United
>
I
;
Ltd
100
Algoma Steel
14%
905
75
22%
22%
22%
•
common
1
5,256
15
105
9
25
28
v. t
.
B
*
28
20Va
'
38
107
8%c
8%c
38
40
114% 115 %
—
__
•
common
100
Aluminium
.
1,220
'
35
5,000
210
Low
.
United Distillers of Canada Ltd—
l
United
Fuel
I
United
Securities,
Inv. class B
I
pfd—
Limited
Westeel
I
I
liy
Western Grain
Products
f
—
^38%
7
——
—-
*
*
7%
'
Ltd
American
28
15
112 -
11c
16c
1,385
27c
28c
3,700
11c
26c
23
24
695
102
102
15
Jan "***:
Apr
23%
__
230109
28%
12
12y2
55
3
30
Aquarius
23
<
Area
1.36 Jan
13
Feb
1.93
-
-
235
1,000
' "
—
Warrants
&
2
172
Arjon
Gold
34c
Mining Stocks
-
Mining
Ashdown Hardware
17%
Mines Ltd
1
34c
Feb
Athona
—
1
57c
Jan
Atlas
Minesi.—
*
Bonville Gold Mines Ltrt,
Bouscadillac
Gold
Mines
30c
15c
50c
Mines
—
——
Aumaque Gold Mines
Jan
18c
Ltd——_1
;
Mines
Yellowknife
Auhelle Mines Ltd
2.60 May
17%
15c
45c
Ashley Gold
Mines—
1.30
30c 33 %c
;—
Astoria Quebec Mines
Gold
37c
1.11
Mines
Mar
Aunor
Geld
Mines:
——-
•
-;>{*,
vo.f
Cartier-Malartlc-Gold MlnesXtd— »-,l
Central. Cadillac-Gold. Mines Ltd
Centremaque
Gold
Mines
Cheskirk
Mines
:
—':
Dome
Mines
—1
14c
—
Ltd
?''
!
East
Malartic
Mines
East
Sullivan
Mines
Limited
27c
16 %C
16 %c
18c
.10
26%
26%
21%
36c
Bank
of
Nova
37
37%
30
'
Bank
of Toronto
36 %
37
32% Mar
25%C 27%C
19%cMar
14c
1
Bathhurst
footnotes
see
page
3034.
Scotia
.10
.10
—
Power
——.
class B
37
22%
Bear Exploration & Radium
Beattie Gold Mines Ltd
3.60 Mar
5
Feb
Class
15c
May
Mar
Jan
Mar
1.02
1.30
5% Jatt
95c
May
1.24 May
,
n
51%
39
42
B
Yellowknife
23%
95c
1.24
49%
Beatty Bros class A
Beaulieu
For
—
46c
'
——1
25c
31c
-1
Montreal
——1
'
31c
_1
of
—.—*
Du/vay Gold Mines
V.V-
Bank
Mines
Base Metals
v-
-
29c
37 %c
38c
......
-
Bankfield Consolidated Mines
Bagamac
gc
40c
—1
4
—
Cournor.;• Mining,
*•
1
Century Mining. Corp Ltd
•
1
•
43
31
Jan
72c
1.40
45c
Jatt
Jan
Jatt
23c
Porcjunlne Gold-
Mines
Jan
30o
Argus Corp Ltd common
4%% conv preference
Atkaitcho.
Beaulieu. Yellowknife
Feb
Apr
38%b Apr
Armistice Gold
Beaucourt
May
2.40
Yellowknife
Arntfield
Beatrice Red Lake Gold
Apr
Jan
"><";25c
May K .: {54c
Jan
21 ^May fl 26| Feb
100
Jan
103 > Apr
Anglo Huronian
.
"" 54
l2Va
54'A
42
May -120
May
common
Anglo-Rouyn Mines
Ansiey Gold Mines
Apex Consolidated Resources
80
•
■
28%
2%
3,
:
Manufacturing Co
107
Jan :
8%cMay
1,490
7
„
Ltd——
Hotel
28
57%
'
»
24 ; Jan
May,
ll%c Feb
20JA Jan
103%
May
MarS*^ 40% Apr
of Canada pfd
Amalgamated Larder Mines
10
-57%
,
-\
Ltd
Corp
28
23
26%
26%
—100
''''
■
*
21
21fAs:Apr
18% Mar
75
28
__
* High h
,;
'>141" Map'
Aluminum
450
>
28
——_*
[,
Windsor
__
intend
30
27c
21
107
8%c
100
Consolidated
Preferred
130
20'A
__
•
common
Amusement Corp Ltd
; Class
Woods
12%
9^
9
39 Va
•<
Anglo Canadian Oil
I; :Thrift
I
:
21,583
10,305
39%
Mines
15
15-
Shoe
—•
Pacific
27c
27c
100
| !v Standard Pavement
I
'•
—
20%
19%
39%
•
Surpass
Preferred
40
130
—
still
Range Since January 1
T
18%
•
common
Shares
21
•
12%
14
__
14
Southern Canada Power 6% pfd
Sugar
-
Acme Gas & Oil
Alger Gold
I
We
week.
for Week;.;;
High
20%
20
preferred
Acadia-Atlantic
80
112
60
—
»
22%
110%
__
60
Low
85
112
last
/Sales
Week's
'Last
121
*
Power Corp of Can 6% cum 1st pfd-100
•6% N C Part 2nd preferred
—50
Friday
410
,
$2.50
pi Orange Crush
market of
'•$«!
-
3,195
100
——
Enterprises
Toronto
Canadian Funds
STOCKS
|ft
\
11'
__
10
com
;g Massey-Harris Co Ltd 9% pfd——10O
\, S
175
90
—1
b< Lowney Co Ltd——
r Mf
78
90
May
17% May
Royalite Oil Co Ltd-
Mar
THE COMMERCIAL & FINANCIAL CHRONICLE
>-:-r^VVr^,TT^-n
;t"
CANADIAN
„•
.„
■;
/■-
Monday, June 3, 194$
^ --v ■:/• '• 7 >■ -
LISTED MARKETS
RANGE, FOR WEEK. ENDING'MAX,
English Electric
class A.
Class B
Labatt
1, =:'
-
(John)
Labrador
& Exploration.
Mining
Laguerre Gold Mines——
Lake Dufault Mines Ltd
Lake Fortune Gold Mines
Lake
Shore Mines, Ltd———
Lake of Woods common.—---—.
Lamaque Gold Mines
Cadillac ————,—.
Lapaska Mines
Lapa
Laura
Lebel
Record
Candy-.
Gold Mines.
Leitch
u.
...
Mines
Oro
Ltd
Gold
Lexlnden
Lingman Lake Gold Mines
Little
Long Lac Gold Mines Ltd.
Loblaw
class
Groceterias
A
Class "B"
Loew's
„
(Marcus)
Louvicourt
Lundward
common-—-...
Goldfields
Gold
Mines
Lyhx Yellowknife Gold,,
...
Macassa——-MacDonald
Red
Madsen
Lake
Gold
Mines..
Magnet Consolidated Gold
Malartic
Gold
Fields
Manitoba & Eastern
Maple Leaf Milling Co common.
Maralgo
————.—.i—.
Marcus
Gold
Marlon
Rouyn
Gold.
Martin-McNeely Mines-.——.
For
footnotes
see
page
3034.
5.00
Jan
7.50 Jan
Mines
MacLeod-Cocxsnutt Gold Mines..
3.75
Feb
5.45
J«n
95c
Jan
3.75
Jan
10c
May
17 V2
May
15V2C
2.20
Jan
.Jan
51c
Feb
45c
Jan
■
iV
>A
(v
[Volume 163
A.'
■''«i-/
'isLrW
\
is^tdf f ?ulr>'
• i
HK
*
v
'
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4495
CANADIAN
3033
LISTED MARKETS
RANGE FOB WEEK ENDING MAT 81
t
4iM
mmmmi.
■
STOCKS
■
*
■
Last
Range
Par
Massey-Harris
Shares
•
197/a
18%
29%
30
Frontenac Oil
Preferred
100
195
I,690
12
26%
3,920
16 y4
105%
•
69 %
—
104 y2
211
105% 105%
160
70
1
7c
7c
40y2c
40c
44c
25,595
•
29c
28c
30c
17,800
.i
♦
-
5c
.:
211a
12,400
9c
10c
9.20
9.60
45 %
17 %
-100
17%
Power
Corp common
Morrison Brass
1
t
—
Grocers
•
common
78c
May
May
19,500
45c
Jan
21%
21%
1.15
1.20
Springer
— ——
Sturgeon
8%c Feb
Stadacona Mines
Apr '
Standard Chemical common
Feb
Standard
Standard
'Mar
22
17c
Jan.
12%
Jan
46
Feb
18% May
Preferred
20
National Petroleum
-
Paving
Preferred -----
Standard
National Sewer class A
New
91c ; Feb ;
Stedman Bros
Calumet
Steel
Co
of
25% Feb
May
22
May
70
Jan
81
May
6V4
6%
160
5% May
7
Apr
Steep
25c
25c
1,000
45c
Feb
May
Preferred
29
Newnorth
Gold
Apr
Surf
20c
Apr
2.48
30
40
20
24
Jan
2.41
30%
Gold
2.50
II,200
40c
42c
3,700
40c
Mar
95c
1.10
3,494
60c
Jan
32 %c
31c
33c
18,400
31c
May
33c
May
17c
l
—
16c
19c
25,900
18c
Mar
30c
Nipissing Mines
19c
13,400
16c
May
30c
Apr
Feb
4.10
4.10
4.25
845
67
66 y4
68
2,459
Norbenite Malartic Mines—
1
73c
60c
73c
15,700
60c
Nordon
1
1,500
17c
Normetal
Mining Corp
Ltd
62c
Northland Mines
5.65
3.40 May
63
Tombill
72% Jan
Jan
Gold
1.03
May
Toronto
General
Toronto
Iron
75
89%
93
92
92
20C
3.30
30c
30c
14c
2.60
10c
Jan
73c
80c
31,600
2.25
5,410
1.27
1.27
1.30
1,600
26
26%
605
52%
103,583
22c
44,400
17c
May
33c
Jan
64c
46c
Feb
95c
Apr
12c
17,600
7,060
7
7
675
8%cMay
6% May
6J/4
6y4
200
5% Jan
10c
—
22c
54
53%
54
4.25
4.25
4.35
66c
72c
70c
78c
85c
23
23
•24
1.60
1.50
1.65
*
43
45c
43
90
36
10
142
13
13%
60
*
Mortgage
Towagmac Exploration
13%
13%
100
132
28c
6,090
104%
46
25
103
Traders Finance class A
•
l
Preferred
34%
100
Transcontinental Resources
Twin City Rapid Transit common
—•
34%
35
105 Va 105'/a
—
1.28
1.05
i
1.58
Feb
6,790
2.25 May
•
23
23
23
•2,100
1,150
May
80c
40 %c May
90c
Jan
Union Gas Co
—•
10%
10%
11
2,180
—•
26c
25c
26c
Mar
37c
1
26c
30c
26c
33c
16,800
22c
Jan
43c
Jan
Feb
Union Mining
—I
United
*
20c
22c
6,500
20c
May
30c
Jan
3.85
Jan
United Fuel class "A"
Loan
Steel
Orange
Crush
&
Debenture
50
119
38
112
Mar
119
May
Class B
2iy2
21%
20
21
Jan
26
Feb
United Oils
22
17J/2
22
1,611
13% Mar
22
May
United
•
Mines
18
May
Upper Canada Mines Ltd
13%
16V4
1
Orlac Red Lake Mines
57%
18
604
38c
39c
41c
8,700
30c
Mar
57c
Mar
86c
May
31%
120
30
265
57%
11
500
.
;
26%
Apr
1
69c
65c
70c
26,400
1
1.34
1.18
1.46
102,850
1.10 May
2.59
Feb
Vicour
•
6%
6y4
6%
65
6% May
8%
Feb
Villbona
Lake
Pacalta
Oils
•
Pacific Eastern
Pacific
Page
Petroleum
9c
1.05
1.05
1
11c
80c
33%
33 y2
34
1.51
1.90
22,510
25c
25c
28c
29,500
•
•
Paramaque Mines
Parbec
Malartic
1
-
Gold
85c
75c
28%
40% Jan
7%
11
1,662
6
8%c
2,500
8c
11%
11%
11%
5,605
8%
——.1
2.67
2.40
2.67
16,300
2.40
May:'?-;:
12
May
May
'May
May
25c
1.65
•
Jan
Jan
12%
2,068
—
Paymaster Cons Mines Ltd
Penmans
Ltd
-1
Gold
—
4,800
34c
18c
3,500
15c
1
22c
22c
500
•
4.25
4.40
5,715
Gold
15c
35c
Jan
West
29c
Feb
Jan
75c
17,200
75c
70c
80
80
70
18c
17c
20c
13,000
*
9
9
9
100
1.48
1.48
1.51
3,250
70c
1.06
May
Mar
80
17c
May
41c
9
May
1.95
Apr
Malartic
Pickle-Crow
Gold
Pioneer Gold
28%
28%
1
23c
22c
25c
8,300
.1
3.70
3.60
3.70
4,792
5.60
5.50
245
-
-
Mines
'■
Co
Powell
Rouyn Gold.
Voting trust certificates
Fremier
Gold
East
Dome
1.00
-
Mining Co
Preston
Mines—
40c
4,600
27c
220
Ltd
100
27c
•
Jan
220
May
Jan
230
May
46%
York
•
17
95c
Feb
95c
5,250
4,500
May
May
1.75
80c
2.19
1,300
2.00 May
3.35
3.45
Gold
80c
7,100
13%
13 y4
13%
820
11
54%
54 y8
54%
1,050
51
Feb
1.80
1.80
1.85
600
1.00
1.00
1.03
85c
90c
17
17%
12,500
2,515
8,248
1.65
Jan
17%
200
Mines
1
28 %
5.25
%i Class
—
185
225
1,929
7%
•
.
Mines—
8
350
2.15
Combing
Wright Hargreaves Mines
5
Knitting
23 %
common
5.25
4.85
2,405®*'
1
45c
40c
46c
3,900
32c
18c
20c
10,600
18c
17
185
Mar
225
5%
Jan
8
Jan
30c
20c
33c
27c
May
16c
16c
4,800
5,150
55c
65c
21,030
-
38
38
100
16
13
16
350
15%
16%
1,635
15% May
«...
May
May
15c
Hill
15c
III
17c
17C
Week's
Friday
43c
41c
43c
m
Jan
39%
Asbestos Corp
Atlas Steel
16
Aor
13c
May
22c
17c
May
May
38c
64c
Jan
1.03
97c
1.04:
9,600
80c
Jan
24 y8
25%
4,975
20
jan
Lake Gold Mine
Industries
new
18%
175
17% May
25
Jan
35c
35c
500
35c
62c
Jan
'•
May
-
Class
-
15
15%
200
8%
9
2,800
8
Jan
36%
34
37
480
30
Feb
37
—100
97%
96%
97%
170
87
Feb
St Lawrence Paper
San Antonio
5.15
•
^—-——--——50■'
preferred—
Gold Mines Ltd
Sand River Gnid
|
.
Sannorm Mines
14% May
63c
Creek——.
5.15
2,750
Fairbanks
Canadian
♦
Sugar
Marconi
"Preferred
*
Morse
1
Canadian Vickers
15% May
10c
7,200
8c
May
38c
42c
19,800
28c
Mar
25,900
85c
May
9%
4.75 Mar
9c
89c> 91c
24 y*
265
25
61c 69 %c
1.42
Mines.
1.40
1.43
50,900
3,600
2.70
—
Bherritt-Gordon Gold
•
Dominion
&
*
——
*
:
Canadian
2.63
2.84
149,135
Lumber
Jan
Consolidated Press A
Feb-
6
Jan
50c
feu
1.63
2
Dalhousie
-——•
*
Oil
—»
deHaviiland Aircraft preferred.
'Dominion Bridge
Textile
„
55
71
76
Voting
2,000
common
Preferred
Silverwood's
5
.
Dairies
-
new
——
com
375 '
•!
preferred——
For footnotes
see
14%
.
'
34%
78
4% May •
3034.
Jan
May
-5
May
Apr
8y« Apr:
104% Apr
23
May.
68
68
25
6%
7Va
2,775
96
94
96
335
—
23
23
50
24%
24%
25
260
23VaMay
'29
Feb
40
39%
290
38 V2 May
40
May
300
3% May
5
3%
3%
— —
40
3%
38
40
149
153
58
'
3%
90
i
Apr
31 ,r.
•
149
78
:
Jan
19 %
14,900
695..-
Feb
b% Mar
15
40
Jan
40
May
153
May
May
May
3%
2.35
2.70
20%
22%
29
30
—
135
45
116
110%
Foothills Oil & Gas
47c
Jan
82c
1.60
Hayes Steel
Apr
Apr
2.08
3.65
Jan
37%
Jan
60
670
—
1.60
34
14
Apr
International Paper common.
15% May
..15
.100
Minnesota
May
&
„
Ontario
Paper.
54%
15%
Jan
30
40c
Jan
118
25
85c
135
Apr
54
10
130
19
55
35% Jan
13% May
13% Jan
60
14
18
20% May
Reliance
40
15
36
Jan
40
May
Southmount
15%
17
614)
13
Apr
18
May
285
10
Feb
15
15%
Feb
Jan
Apr
May
Jan
May
Apr
460
116
39%
Feb
75
•
30
1.65
95%
Feb
1.700
1.60
Feb
54%
34
55%
23%
Jan
39
Jan
44 % Mar
59
Apr
835
1,085
75
v.
11
26%
75
10
26
26%
2,270
33
—.8
Ogilvie Flour common
40
40
•
-
4.00
23%
45%
-
118
May
2.75 Feb
Jan
1.66 Jan
3.80
Jan
21
500
135
43%
2.10
15% Mar
200
40%c 40%C
44%
2.80 Mar
1.300
8,12l£
'
26% Mar
1.33
3%
22%
*
common.
Jan
13%
18
14%
page
v >
High
30%
Feb
55
Mar
33
125
4.15
?56f
Jan
75;
May
27% May
18% Mar
33
May:
:
33% May-
"'May
17%
Pend
Feb
•
Oreille
—.—>.1
Grain
3.95
3.85
14,629
2.70 Jan
21
21
40
17% Mar
29
25c
25c
100
22c
Mar
28c
5
■v'v'v.,5
5
485
3
Feb
13c
12c
14c
8,500
common
Investment ———•
Stop''8c Shop-——————-.
—
•
5.00 Feb
'
May
Temiskaming
Mining
1
,
12c
May
Mar
Feb
5
Apr
33c
Jan
'
New.
Feb
Apr
7
— —
,
Jan
21%
115
55%
14
54
14
trust
Ltd
17%
Range Since January 1
485
5
*
common
Sigma Mines ————^-1:
Silknit
6:55 Feb
670'
low
4%
.100
Langley's preferred
Sicks'; Brewery common—.
New
-3
We#lr
Shares
High
33
4Ya
5
Consolidated Paper
14c
,v
Western
Copper
Apr
Dominion
89c
24%
.
Shawkev
Sheep
5.00
■
42c
Senator Rouyn, Ltd
Shflwlnigan
;.U:
97 % May
1
15%
Corp common
A—
100
Mills
Canadian
Coast
St. Lawrence
Silk
Canada
25% May
35C
common.
Bruck
1.57 Mar
25
Royalite Oil
•
39o' Jan.
14% Mar
Jan
41c
Pulp & Paper com—*
1
common
Preferred
Jan
1,100
6,700
■
Co
*
tor
32%
—
British Columbia
16% May
Low
32%
British Columbia Forest Products
May
17%
11-10
Royal
.
Feb
May
Sales
Range
of Prices
Par
24%c Apr
93c
Apr
7%c Jan
55c May
34
2,000
21c
1
Mines
420
29
Exchango-Corb Section
Last
Brown
15%
——mmf,
'
4^c
Canadian Fond*
STOCKS
1.99 May
40c
Jan
9% Feb
16c
$4 -s'
Mar
16%
-
Jan
19c
Apr
'"**
m
Jan
60c
*
20-
•
Jan
15% Mar
4,035
1
Rouyn Merger Gold Mines—
Roxana Oils Co—
Russell
105
>,
24
Mar
4.85 May
Toronto Stock
Apr
1.25
Jan
1.99
Roche Long Lac
Rush
:
•
Mines
Apr
1.15
May
1.60
*
Rochette Gold
Jan
May
Apr
54% May
Mar
1.60
——.1
—...
Mines
Mills class A
—
94%
2lc
Jan
21% May
Jan
85c
1
B
Robinson
'
5,200—
,
Feb
43c
May
Jan
69c
1.40
1
—„
Gold
„r,25
-
108 V2
Jan
12 % May
""
101
25c
36% May
Mar
15c
17,302
20%'
30c
104%
28,000
15 %
.
.2.45
*
.
Jan
Jan
1.10
2.40
■
60c
Apr
2.25 May
95c
2.40
1
—
-
—
Riverside Silk
70
22c
26c
25
995
,
104% 106 %
28%
Apr
29%
l
Regcourt Gold
Richmac
May
145
155
101
36
1,360
40
-
Jk-
Macdonald
Reno Gold
24o
Mar
15
17%
Ymir Yankee Girl
33%
Jan
55c
110
18%
Apr
33
1.69
May
6,700
Sale Price
;■
37c
>u?
7.70 Mar
Mar
23% May
220
100
57c
40c
:
Feb
Mar 'V
1.10 May
30c
16c
Wool
1,500
Jan
5.10 Feb
156% May
230
18c
Jan
•
-
Quinte Milk Products.;
Reeves
Jan ;
34%
106%
4.95
1,700
Mar
215
35%
common
Winora
48c
Jan
40c
40c
230
100
Feb
-10
——
Warrants
38c
47c
1
common
Queenston Gold Mines
Quemont Mining
'
21
20,300
—
Jan
2.06
95C
T—1
Quebec Gold
Quebec Manitou
y
255
1.18
151 156%
28% May
5.65
33%
$0 Preferred —:
23%
1.10
l
-
common
Westons (George) 4%% pfd—
Wlltsey-Coghlan Mines
Winnipeg Electric common
Yellorex
Purity Flour Mills
1,344
22%
1.16
24% Jan
46c
Mines
Mines of B C.
River
152
22%
22c
May,
3.45 May
5.50 May
87c
May V
'
Gold
Porcupine Reef Gold Mines.
Powell
•
*
—
Grocers
Westons
May
1.41
16% Feb
■
4
109
..I
Preferred
Jan
Apr
4.30
•
Preferred
Photo
Engravers
Picadilly Porcupine
Feb
3.10 Feb
Feb
71
8
20c
:;
I
com
—
Consolidated
Western
lie
15c
18c
500
*
Mines
13 y8
Jan
Feb
46c
May
9,200
4,500
7%c
Ltd
Mines
Wasa Lake Gold Mines
May
6%c Jan
16c
19c
7%c
X
common
Pen-Ray Gold Mines
Peoples Credit Securities
Perron
1
11
May
14%C Jan.
Jan
May
12
36c
15c
Mines
Preferred
Feb
35
"'*2.85 Jan
May
12
34c
1
Waite-Amulet Mines, Ltd
Walker-Gooderham 8c Worts
1.10 May
;
1.40 May
18c
__
1
—
*f
31% Mays
*
——1
Ventures, Ltd
Wekusko
Partanen Malartic
Jan
45c
'
»v;3l.i-?.May-'
58
May :
Jan
18c
1.00 May
295
1.86
7
Pandora Cadillac
85c
•
(new)
Porcupine Mines Ltd—-
7%c Jan
3,433
1,500
2,100
1.10
•
Hersey
Paraour
11c
1
—
,
Jan
Mar
Vulcan Oils
Osisko
Ottawa Car
12% May
8%c
Steel
Apr
V
24
;;
410
58
26,
.
•'
9% Mar
25e May
Jan
48c
25
26c
31
•
*
-
Gold
116
21%
•
Preferred
Orenada
—.—.50
—
•
common
26c
28%
Corp class A
Class B
105 Va May
1.80 Jan
15%. Jan
...v.'
/Apr
35
;
-
1.05 May
Apr
48c
Ontario
Apr
May
39c -Jan
;
,
Jan
9% Mar
6% May
57c
24c
14 ■&.
.•v.:
Mar
60
:*
132
May
2.40
2,500
;
Feb
May
13% May
i,
Jan
25c
54c
...
.168
11% Mar
"50
25c
mm
Apr
/ 46%
11% Jan
385
13%
130
1
48c
„
,65c
...
'
Toronto
May
.
2.40 Feb-
'i;
Jan
2.30
54c
24
•
Jan
168
May
1.25 M^y
.
May
43
Feb
80c
.
1.50 May
45c
Apr
V
5.35
Mar
168
48c
Ontario
Jan
55
Mar
20
*
57c
1
1.95
Apr
100
Trust
common
2.35
—
Feb
27%- May
May
73c
4,115
45c
1
Omnitrans Exploration
4.10
4.25 May
53c
1,000
48c
1
•
O'Leary Malartic Mines
Omega Gold Mines
Jan
1.09 Mar i
1.25 May
Jan
200
1
±
79c
J
Mines
Apr
3.25
'
Jan
3.10 May
4,500 i
Ogama-Rockland
Gold
Jan
.220
s
■
48o
21,200
15,300
Okalta
Oils
Feb;,
45c
v
21%
Y>0
Apr
4.45 Jan
2.35 May
7,175
"
May
40c
May
132,850
I
5
O'Brien
93
Jan
29 %c
4,100
6,000
Vi
16c
2.35
3.00
Apr
May
95
.
Jan
May
26,735
.
1.50
20
Jan
80
#19c
1,000
3.50-
Apr
79
240
,
Jan
17
670
,
93
19c
85c
3.10
Class A
2.24 May
Jan
2.24
17c
60c
—
5
15,600
19
80C
Mines
Jan
35c
2.03
ioy2c
•
91
1.05
•
Jan
1.05
May
17c
•
-
Preferred
98c
18%
15c
50
Teck-Hughes Gold Mines
x
Thompson-Lund Mark Gold Mlaes——•
Thurbois Mines
—1
Apr
Apr
1.11
62c
1
North Star Oil common
S
2.13
-
Mines
17c 17 %c
__
•
Mines
Inca
1.04
3.20
Toronto Elevators common
North
Jan
9% May
'.
•
Toburn Gold Mines
5
Norseman
24
Jan
7
*
Tip Top Tailors
—•
Oil
10% May
Jan
6%
Jan
16c
__
Noranda Mines
Jan
18%
,s"». :
41c
Mines
May
600
1,220
•
50c
Tamblyn (G) common
Tamblyn Ltd preferred
1.06
Mines
16% Feb
105
Jan
290
2.60
Taku River Gold Mines
Apr
3.25 Mar
1.50 Jan
v
Mar
Mar
32
May
1,720
Jan
1.55
May
.
100
8
1
•
Syivanite Gold Mines
Consol
TO
10
9-iF; :
1
Mines
30%
840
>
22%
3.50
•
Contact
Fdb
29%
Apr
Feb
7%
v
1
Cons
Inlet
8Va
90c
4,843
>
105
19c
Rock Iron Mines
Mar
287/a
J»n
1.50
1.15 Mar
21%
—on
11c
7,800
Jan
1.12
23
^8
•
common
.——
Sullivan
May
13%
105
8%
Steeloy Mining Corp.
28 y2
250
20c
30
1
Nib Yellowknife
Nicholson
29 %
21
16% Mar
94C
13%
'
•
Sturgeon River
795
6,800
1.40
Mar
21%
,>h.
common
Canada
May
20
29
Mines
■-
.
„
*
new
18
19c
1
-
Bidlamaque
New
,r
Starratfc Olson CO——1.
.
Mar
395
,*
Negus Mines
•
common
May
4,205.;
—
•
100
90c
13%
•
preferred
Radio
1,670
25c
National Steel Car
90c
Chemical
21%
21
18
'0<'.
80y2
19 %
70.;'
"
79
21
108 Va Mar
6,645
65c
Sudbury
National
?•
101
83c
61c
61c
25c
155
78c
18
—
36% May
•
6V4
-
May
Jan
101 107%
20 %
%
Jan
24
61C
79 %
19
27%
1,551
830
Southam Co
Jan
Feb
11
880
36%
107
Mines.
■
40
34%
1
3,250
.
High.
38%
36%
1
19 Va
•
Long Lac
:
low
39%
.100
—
Malartic
21%
•
,
Moore
520
18
68c "
Range Since January 1
High
Bladen
36c
May
38
*
Shares
low
Siscoe Gold Mines
75c
Jan
9c
new——
B newi—i——
Preferred new
for Week
1.70 Mar
8.70 May
100
46
76%
May
17%
3.885
•
.
>5c
18,000
9.50
Jan
m:
Class
26% May
106 % Mar
30c Mar
25%cMar
282
21' "■
9%c
j,-:'--iivT.68c;
,:
Montreal Light Heat &
Montreal Locomotive
Mosher
21
1.20
•
Gas
Monarch Knitting new common
Pnrcnptn«
-
1.15
•
&
Modern Containers common—
1 Moneta
1.16
Simpsons Ltd class A
Apr
Jan
Apr
12% May
May
Jan
67
Apr
1.10 May
10,000
—*
1
Mercury Mills
21
20
12 %
1
Mid-Continental Oil
Mining Corp
Jan
8y2
20
25
McMarmac Red Lake Gold
McWatters Gold Mines
:
35%
12%
20
Mines
McLellan
Jan
Feb
25%
Mclntyre Porcupine Mines——
Lake
14%
28%
7,480
1,355
Par
High
-4
21
12'A
common—.
—_
McKenzie Red
•
Sale*
Range
of Prices
•
Sale Price
Range Since January 1
Low
19'/a
30
Grain class A
McColl
Week's
-i
"
20
.
Friday
"" • Last
t
High
Low
McBrine (L) & Co pfd
McCabe
for Week
of Prices
„
Sale Frice
:i£ Preferred
STOCKS
Sales
Friday &;?'• Week's
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, June 3, 194C
OVER-THE-COUNTER MARKETS
Quotations for Friday, May 81
v■.
For
Specialists
Quotations
ShaskanWCo.
OVER-THE-COUNTER SECURITIES
Firm Trading
250
Members New York Stock Exchange
Members New York Curb Exchange
Markets
40 Exchange Place, New York S, N. Y.
ISSUES
ACTIVE
Real Estate Bonds
on
Tel:.
DIgby 4-4950
Bell
NY
Teletype
1-953
120 Broadway, New York
Ward
established 1926
'
&
Co.
2-8700
Tele. NY 1-1287 & 1-1288
REctor
Phone:
Association
Members New York Security Dealers
Direct Wires to
CHICAGO
—
Reorganization Rails
PHILADELPHIA
(When,
as
and if issued)
Bonds—
Investing Companies
Bid
Far
f
1
7.87
40%
1
5.59
Investing_100
Assoc'ted Standard Oil shares—.
i;
11.70
American BuMi.ee,s onares
V American Foreign
Fund
New common
——
105.28
Tr
America
oi
0
Broad Street Invest Co
.
¥■
iS
/si
Canadian Inv
Fund
100
-
-
U
Commonwealth Invest
/'■
.1
Delaware Fund
''
—
l
2Bo
Dividend Shares
Mutual Invest Fund Inc
Nation-Wide Securities—
Balanced shares
25.18
4.95
30.28
19.82
31.26
33.66
Fund, Inc.
2.67
58 %
2.92
60%
9.35
40.70
8.30
37.14
7.30
52.31
6.70
1
General Investors Trust
Group Securities—
- -
10.51
i
/r
Building shares
Chemical shares
Electrical Equipment
»•*;.* Food shares.iv
Fully Administered shares—
General bond shares
,■
v
r*
-
V Merchandise shares
•
'
Mining shares
Petroleum shares
-
Equipment shares
stock shares
RR
Railroad
Steel shares—
Tobacco shares
Utility
Huron
I
•fc
-
1
Holding Corp
Income
-
shares
r
8.88
4.21
7.257.92
7.51
6.22
8.55
1%
*%
10o
—5
HnonritiM
securities
Institutional
T.M—
XjUCI
;
17.70
19.39
shares-..——
Stock and Bond Group shares.
Investment Co of America—10
98c
1.18
19.15
37.72
1.08
1.30
20.98
41.06
...»l
18.00
V. Aviation Group
shares
«Bank Group sharesInsurance Graup
ywwmtnrK Fund Q
....
,,,
,
18,40
Series
Custdtan Punds—
B-1
Series
B-»
28.08
B-2
Series
£8.55
,"■■■•'
...
•■4,:.:.:-/. ™^
29.91
30.78
10
96
15.05
Aetna
10
55
57'/2
Home
10
57
59
Homestead
-.-2B
88
91
11.53
American
Alliance
7.03
American
Automobile
Agricultural
-—
1,
1950-1948—
1952-1950—
1955-1951.
1985-1953
American of Newark
20
American
Re-Insurance_^
10
36»/2
38>/2
American
Reserve
10
20'/4
22»/4
Surety—
29
72
75
National Fire__
10
41
43
National Liberty
18.56
2%
—
10.67
Baltimore American
—2%
7%
8ya
34%
36 »/4
17.07
Bankers & Shippers
29
77%.
81»/2
New Brunswick
10
33
35
12.78
Boston
10
68 %
72
New Hampshire Fire
10
52 y2
55
12.10
13.29
17.35
19.05
9
23%
25%.
12.91
14.18
10
25
27
Northeastern
14.61
16.04
Connecticut General Life
.—10
78
81
Northern
17.61
19.33
Continental Casualty
13.78
11.87
13.04
Crum & Forster Inc
*
54
35%
56 V2
12.54
City of New York
16.56
10
Employees Group
Employers Reinsurance
Federal
15,
1946.
16.18
Fidelity & Deposit of Md—20
8%
7%
i
92
Pacific Fire
28
97
102
10
63
66
I
94
16
/f
■;
37%
Indemnity Co
Phoenix
—
Preferred Accident—
178
10
90
^—0 -14%
—
10
4i'/e
44
2
10
10
12%
7y8
31
27
78
8
33
29
81
184
9
23y2
25«/4
Reinsurance Corp (NY)
Republic
(Texas)
Revere 'Paul) Fire
St Paul Fire & Marine
10
40'/4
42V4
Seahoard Surety
10
10
23
25
0
57
59!/2
Security New Haven—
SprlngMeld Fire & Marine
10
25
54V2
35
119
57'/2
37
123 ya
Standard Accident
10
Travelers
100
O S Fidelity & Guaranty Co—2
34%
670
49%
37 %
685
',
—4
10
2.50
60
88
35 %
1975
105%
106
3V8s—1975
106%
107%
9.92
Fire Assn of Phila
10
12.66
Fireman's Fd of San Fran
10
117%
11.74
Firemen's
9
14'/4
30
General Reinsurance Corp
19.34
Gibraltar
5.27
5.79
119.30
121.72
Globe
16.32
17.80
2nd
8.08
8.84
Great
1.02
1.16
Hanover—.
64.50
67.50
1.18
1.32
24.75
25.52
21.89
23.93
of
Newark
Fire
Franklin
Fire
&
Glens Falls Fire—.;
Globe & Republic
9.54
Marine
& Rutgers
preferred
8
Fire com—15
9
125%
U 8 Fire
U S Guarantee
33%
32%
130%
Recent
29.43
21.53
31%
30%
10
Fire
14.41
26.92
12 >/4
40%>
102
10
10.44
13.18
65
121%
15y4
11
37%s
98
15
—
American—
Hartford
62
Westchester Fire
63
93
38
Bid
Portland Gen
Bonds—
Arkansas
Pow
ft
107%
Lt 3%s—1974
105 %
1975
Cent: Vt Pub Serv Y%e-^-1975
110%
EL.1980
110
111
1953
100
RR
2s
—
106
100%
1982
2010
2 %8 series R—————_J.961
Houston Lt & Pow 27/8s.j—_1974
92
,98
102%
100%
99%
93%
94%
1971
99%
99%
Oil
& El 2%S
2%s_„
Tenu Gas & Transm 2%s„1966
Power
Texas
99
102%
_1975
103
103%
103
103%
100%
101%
2%s
Utah Pow & Lt 2%s
—1976
Preferred Stocks—
106%
102%
103%
ft Light 2%s_1975
Texas Elec Service
92%
Par
104
3%s—r——1965
103%
104%
3548—1^75
106%
107%
Monongahela Power 3s
1975
Montana Power 2y8s
.1975
Norragansett Elec 3s„:——1974
NY Chic & St Louis 3s
1986
Ask
103%
101 %
'
102%
*01%
105%
99%
1975
Sioux City Gas
Standard
103
3%s_1980
Kans Okla & Gulf Ry
<«t
Southern Pacific 2%s ser F-1996
Great Northern Ry—
,2%s series P—
1975
(Okla) 2%s
Public Serv
103%
Erie
Elec 3%s
(Indiana)
Serv
Scranton-Spg Brook 2%S—1976
Shell Union Oil 2%S—
1971
111
102%
Conn Lt & Pwr 3s ser
1
1
Pub
108%
1974
Birmingham Electric 3s
California Water 3%s
*
Security Issues
23.48
Bid
51%
106%
107%
Potomac Edison
103%
104%
Ruppert
109
109%
Sioux
100%
101%
Union
100
106%
107%
Monongahela Power 4.40.%—100
$3.60—;
100
109%
111
100
100
108%
109%
106
107-'fM
106%
107.%
Centra! Pow ft Lt 4%
(Jacob) 4%%
City G ft E 3.90%
(Cal)
Oil
—♦
$3.75-
106%
105%
Home Loan Banks—
April 15, 1946
——
b0.90
0.80%
Other Issues
u 8
Conversion 9s——194V
Canal 3s_—;——1961
101.16
United Stales Treasury
1331/4
131%
June
June
of a point
t.09%
Wept. 15, 1947
tSept. 15, 1947.
ISept. 15. 1948.
f/as Oct.
Ask
i
13.
1946
.0183
.0129
-
t%S
-.
-
Ask
"
'
0.28% *
bO.375
bO.375
0.34%
bO.375 1 0.34%
^
y u
"
r
Aug.
0.33%
/, V
.
b0.375
bO.375
1946—b0.-375
1946———————
Aug. 8, 1946—-Aug.
;
I,
ftfd
b0.375
b0.375
July 18, 194G--1—————
July 25, 1946__
^1—
v
0.33%
bO.375
o
0.33%
bO.375
*
—
t
15,
b0.373
bO.375
Aug, 2?.
V Aug.'
' »'*
29,
1946_^————
t
'•
„
y -
-
; Art :
0.34%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
'' ' ''
r*
•
1
,0077
1, 1946
...
July 5, 1946—-.
July 11, 1946
...0152
.0080
t%sN0V. 1, 1946
Dec. 1, 1946
V/b8 Jan. 1, 1947
t%s Feb. 1, 1947
*
.0085
July l, 1946
bO.375
1946—
June 20,1946.——
June 27, 1946
100 J»lui
.0090
t%8 Aug 1, 1948—
t%s Sept. 1, 1946
6,
Bills
fcr discount ac purchase
Treasury bills—
Maturity—
*
Dollar Price
Bid
Certificates of Indebtedness—
tMar 15 1947_.
,i
88
Providence-Washington
17.99
*una~?
1
16%
26
5
62
20
—
14%
24V4
12.50
-
41
74
9.02
25o
*
59%.
—10
10.68
———
>
9
2.50
Fire
River
39
70
•
10
20.92
11.52
1
1
York
North
Pacific
5
14.73
—
2
New Amsterdam Casualty
New
Fire—
Camden
11.18
15.08
_
Figures after decimal point represent one or more 32ds
tDec
66
7%
208
198
9.71
T:TW<:^% Bid/:'.
Ask
20
Fire
6
29'/2
15.55
Quotations For U. S. Treasury Notes
Bid
Union
5
11.63
Ratet quoted *re
Int. Rata
27%
63
7'/a
>
National
19.06
Panama
Maturity—
4
(Detroit)—10
-10
2
Monarch Fire
National Casualty
100
ii
31%
8'/4 '
21 >/2
8.63
D —————.———2.50
100 y2
104 %
95 V2
29%
7%
Massacnusetts Bonding
Merchant Fire Assur-Merch Si Mfrs Fire N Y
5.69
Unit Type Trusts^-*
9918
4
12y2
23l/2
13'/2
19.60
Diversified Trustee Shares—
100%
12%
.8
11 y4
21V2
12 y4
American
Prpfprrpd Stock Puild
0.90%
100%
9911
100%
10414
23%
Casualty
16.91
Obligations Of Governmental Agencies
1M:S Oct
221/4
Casualty
-5
Equitable9
& Casualty.B
Minnesota Pow & Lt
1%S May 1,
1%8 Jan, 1,
2%s Feb. 1,
42
1
Maryland
Automobile
Ask
110
39
37%
7.80
Union Common Stock Fund B—
Federal
107y2
35 Vi
American Fidelity
CITY BANKS & TRUST COS.—See Page 3016
Bid
10
20
Fire—,-
4
6.12
,22.79 ..US El Lt St Pwr Shares A—
Bank Bonds—
Insur Co of North America
24%
7.39
American
33%
18%
22%
10.69
American
50
32%
17
10
Laclede Gas^ Lt
Federal Land
Ask
47
5
10
Jersey Insurance of N Y
Life
8.14
5.12
North Amer Trust sharesSeries 1955—
Series 1956—,—
Bid
Hartford Steamboiler Inspect.-lO
100
8.57
~.?2%s series Q
FOR NEW YORK
Pat
Aetna Casual & Surety
Independence Trust Sharea^A-*
Keystone
Companies
Ask
Bio.
17.67
10.17
Wellington Fund
57%
18.62
Fund, Inc——
Selected Amer Shares
2%
Sovereign Investors
—1
Standard Utilities
lOo
State Street Investment Corp—
TTnirm
24%
102%
Insurance
19.94
5.52
—
65
-
com..
Preferred
100%
9.68
1
Series B
Series. C—
-
103%
Francisco—
6.68
Petroleum & Trading
Putnam (Geo) Fund
Republic Invest Fund—.
Scudder, Stevens ft Clark
.
San
29
com
75-year 4J/2s
20.61
Aetna
Union Bond Fund series A
2.09
36.44
2.04
33.89
&
50-year 4s
6.36
Trusteed Industry Shares
Foundation Fund Inc
Common
Incorporated Investors
"
;
8.08
3.82
6.59
7.20
6.83
Louis
1st
10.83
Railroad
Railroad equipment
Steel
_
St
77
100
—
Grande
Rio
St Louis & San Francisco
7.42
——————
/
101%
1993
&
Preferred
81
79
2018
4y2s
1st 3-4s income
7.80
Machinery
Merchandising
.
Metals
Oils
10.40
11.46
11.14
13.56
12.08
15.58
7.14
5.65
7.78
-
Railroad Bond shares
7.62'
10.35
9.47
10.45
10.62
12.35
11.00
14.20
6.49
—
Industrial Machinery shares—
Institutional bond shares
investing
i
Low Price Shares
10.02.
11.13
12.74
9.19
16.30
6.93
9.42
—
Automobile shares
Aviation shares
-
11.54
9.12.
10.13
11.60
8.36
14.85
Agricultural'shares
"
7.04
<
preferred
10.21
—
Agriculture
Automobile
Aviation
Bank stock
Building supply
Business Equipment
Chemical -——
Diversified Investment Fund—
Diversified Speculative
Electrical equipment
Insurance stock
—
8%
Denver
13.92
New York Stocks Inc—
~
106%
46%
98
96
Grande—"
Rio
&
Income
104 y2
2019
18
*
Common
Par
1
New England Fund—
8.40
W' First Boston -Corp
10
r,: First Mutual Trust Fund
0
Fundamental Investors Inc
2
Fundamental Trust shares A—2
s v
General Capital Corp
•
Denver
4y2s
Ind'polis & L'sville class A
Chicago Rock Island & Pacific—
16.47
Stock series
„
83
36.01
18.86
Preferred stock scries
Selected series
Speculative series
28.32
18.54
2hic
99%
81
—
64.16
9.29
—
series
Industrial stock series
Low priced bond series
Low priced stock common
•
—
Fidelity Fund Inc
Financial Industrial
*
7.84
26.08
2.11
7.21
24.12
1.93
income
Income
18.54
1
10
Income
151
145
8.67
33.49
1
National Investors Corp.
National Security Series—
Bond series
I
1
Fund
Fund
Stock
A
26.52
27.59
5.65
10.18
62.82
lGfl
Common
ft Howard—
Eaton
A/ ,; Balanced
■''
Mass Investors Trust—.
Mass Investors 2d Fund
97%
1994
Conv
139.65
Manhattan Bond Fund Inc—
——•
35.03
37.67
I
17.00
18.39
com—100 3,350
3,450
Christiana Securities
Preferred
„.l
Ltd
Century Shares Trust
Chemical Fund
.
'
;
1
;
Ltd
Fund
Bullock
29.08
Inc—
New common-
?
27.04
24.53
Blair & Co
/Boston Fund Inc
9%
9%
109.67
8%
8%
19.06
7.83
—
Fund
21.25
9.17
S-4
Knickerbocker
Loomis Sayles Mutual Fund—*
Loomis Sayles Second Fund—10
37.34
17.31
——————
23.04
21.43
1
1
34.47
ist 4s
24.93
35.21
19.32
11.19
10.31
12.72
11.60
22.74
—
1983
2003
—
4Vas
Chicago Rock Island & Pacific¬
32.00
S-3
Series
•
—■■■—
Beneficial Corp
Inv
Series
jt>—
New common
bond
9
-
B-4_
Series K-l
Series K-2
Series S-l—
Series S-2
Inc—
Funu
Axe-Houghton
./Axe-Houghton
Scries
10.9£
8.61
42
6.12
12.69
9%
9.98
1%
10
Affiliated Fund Ino
Amerex Holding Corp.
:
1st 4s
(Cont. )
Bid
Stocks
Indianapolis & Louisville—
2nd
Far
,
Keystone Custodian Funds
Aeronautical oecurltlea—
..
/
Ask
Mutual Funds—
\
Chic
.0143
.0099
.0181
.0122
.0221
.0142
.0256
k Removed
.0160
,0293
t Ex-stock dividend.
'
.0328 f
t%s March 1, 1947
i'/aS April I. 1947
.0180
.0284
.0448
*%s June V1947-————
.0246
.0444
t
a
Odd lot sales,
to Stock
•No par
dividend.
<
value.>
b Yield price. • c Cash sale. 3 Deferred delivery,
e Ex-Interest, t Flat price,
Exchange,
r Canadian market,
s Cash
ale—not included in range for year,
(Un) Unlisted issue,
x Ex-dividend, y Ex-rights.
tin default.
IThese bonds are subject to all
Federal taxes, ; HEx-liquidating
;V>
Volume 163
■
..
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4495
Week Ended
THE COURSE OF BANK CLEARINGS
...
1946
1945
....
elwijigs this yveek will show a decrease compared with a year 0go,
Preliminary figures compiled by us, based upon telegraphic advices from the chief
Bank
Pennsylvania—Altoona
total
stands
at
At this center there is
Philadelphia
$4,629,357,310
$4,109,245,147
392,435,427
377,056,360
474,000,000
476,000,000
274,698,683
264,769,831
New York
—
i,philadelphift—.—
Kansas City
156,780,465
147,906,819 *
140,500,000
154,800,000
San Francisco-
202,035,000
204,672,000
168,653,384
190,428,683
150,241,796
159,649,984
—
Cleveland—
"■125,000,000
York
$6,613,702,065
$6,217,008,875
1,751,985,600
Ten cities, five days
1,433,316,965
.'————
.$8,365,687,665
$7,650,325,840
890,407,918
2,161,968,404
$9,256,095,583
$9,812,294,244
—
Total all cities for week
697,952,741
+ 28.7
1,252,033
+ 23.4
2,105,748
+ 39.3
680,652,187
t5,516,442
3.2
+
1,337,448
3.5
—
1,969,119
-I-17.5
6,869~800
—54.6
607,641,510 m
2.5
+
628,565,636
Ohio—Canton
5,043,817
3.8
+
Youngstown
Pennsylvania—Pittsburgh
—11.4
Total
15,321,400
%, 2,255,578
5,519,414
205,104,585
-
Mansfield
1.3
16,011,500
3,394,923
Columbus
6.0
—
204,887,0,71
3.573,800
3,717,072
252,026,914
242,386,564
564,165,434
565,751,745
212,629,404
9.2
+
—
3,019,141
93,336,494
193,477,636
19,892,600
„
'3,483,512
120,419,759
-
Cincinnati
0.4
—
(7 cities)
572,004,502
633,954,530
9.8
—
94,434,929
1,985,568
5.9
—
5.3
Fifth Federal Reserve District—Richmond-
6.4
+
West Virginia—Huntington—,
South
9.3
+
78,358,943
.
Carolina—Charleston
-
2,339,415
„
163,330,144
—
5.7
Total
(6 cities)
Sixth
Federal
54,916,792
308,368,768
:.s;
+ 64.9
1,149,550
6,593,000
77,934,181
2,163,253'
145,188,630
42,515,658
7,528,000
—£
Maryland—Baltimore
District of Columbia—Washington-
—58.8
—
1,895,474
Virginia—Norfolk-
+ 22.2
1,048,441
+ 14.2
5,794,000
+
0.5
62,211,121
+
1,750,259
148,209,572
32,217,423
+11.9
275,544,272
8.1
+12.5
+ 29.2
^ 255,126,189 A',- 251,230,816
"'Estimated.
„
will appear
fn our issue of next week. We cannot furnish them today, in as much 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.
Complete and exact details for the week covered by the foregoing
i
rk'
ended May
428,899 in the
week in 1945.
same
Atlanla
which they are
Grand
+19.2
802,914
547,014
+ 46.8
5,110,165
3,133,102
+ 46.2
5,624,785
+ 18.1
5,028,979
Terre Haute—
365,575,797 ^
309,626,334
Decatur
improvement of 4.0%, in the Dallas Reserve District of 17.8%
L
Rockford
of 12.5%.
In the following we furnish a summary by Federal Reserve
Districts:
Total
7,497,834
30,792,947
527,229,516
1,491,803
3,140,375
650,324,111
696,724
Chicago
TZ1-
-
(17 cities).
3,518,247
'
8.6
+ 24.6
546,243,71a
1,638,439
7,194,282
8,378,091
Illinois—Bloomington
The Kansas City Reserve
2,723,133
694,420,744
Moines—-—-———.
Sioux City
-
22,747,000
0.9
•+
2,273,442
18,722,309
499,952
8.7
+
—
9,306,554
31,307,481
2,067,905
14,385,897
8,032,511
672,490
39,008,491
'
+ 26.1
3,168,205
28,195,000
3,566,810
2,527,188
-
..
Iowa—Cedar Rapids—----Des
3,701,388
3,442,666
3,533,516
10,104,591
Springfield—
j,."~
409,892,839
N
35,542,000
Wisconsin—Milwaukee
Reserve District by 19.2%. In the Chicago Reserve
6.8%, in the St. Louis Reserve District of
and in the San Francisco Reserve District
—„
-
South Bend
Richmond Reserve District the totals are larger
■7.6% and in the Minneapolis Reserve District of 10.0%.
an
5,310,949
1
159,611
75,956,396
7,470,610
Indiana—Fort Wayne
Indianapolis—
District the totals register an increase of
District shows
86,547,669
—_
Rapids
Lansing—
In the Cleveland Reserve District the
Reserve of 2.5%.
smaller by 9.8%, but in the
by 11.9% and in the
106,130,170
488,410,910
Michigan—Ann Arbor
District the totals record a gain of 7.1%
loss of 0.6%, but in the Boston Reserve
are
(10 cities)—
216,178
1
Seventh Federal Reserve District—Chicago—
We group the
located and from
(including this city) the totals show
this it appears that in the New York District
totals
Total
51,469,613
4,387,875
278,957
——
48,468,748
56,622,439
4,951,417
Mississippi—Vicksburg
Louisiana—New Orleans
34,097,984
2,276,662
1,515,313
56,492,877
63,572,262
63,755,499
—
:
Mobile
11,263,975
135,200,000
2,062,641
1,585,880
Outside of this city there wras a gain of 6.3%, the
cities according to the Federal Reserve Districts in
and in the Philadelphia
—
13,074,132
36,859,694
151,900,000
2,936,953
1,847,101
—
Macon
having recorded a decrease of 0.8%.
bank clearings at this center
—
Alabama—Birmingham
the aggregate of
having amounted to $11,253,750,971 against $11,003,*
clearings for the whole country
12,552,120
48,786,431
183,600,000
—
Florida—Jacksonville—
For that week there was an increase of 2.3%,
25.
District—Atlanta-
Nashville
Georgia—Atlanta
Augusta——.
which we present further below,
give th final and complete rsults of the week previous—the week
able to
are
Reserve
Tennessee—Knoxville
' In the elaborate detailed statement, however,
We
a
2,505,590
1,514,951
1,837,004
t4,695,017
11,297,800
634,d47
1,403,317
612,000,000
fourth Federal Reserve Dlstriet^Cleveland
4.1
Richmond
Total all cities, five days—
All cities, one day
5,244,800
—
Delaware—Wilmington-
+10.2
•+'
132,480,051
Baltimore
Other cities, five days
3,090,840
2,111,061
1,773,356
530,790
7.6
+ 20.5
658,000,000
!& 1,776,815
2,286,473
——
Cleveland
St. Louis-
Pittsburgh-.—-
—.
Wilkes-Barre_.
Total (10 cities)—
1945
Chicago.
1,580,891
Scranton——1*
312,934
+ 22.1
—
%
1946
Boston.
Jlf'
—
Reading—
Clearings—Returns by Telegraph
•
*.....
.
+ 52.8
765,661
813,778
1,904,282
679,000,000
New Jersey—Trenton
Week Ended June 1-
1944
pee.
559,697
751,788
Lancaster——T——
for the week follows:
summary
"
934,846
—.
Chester
same
gain for the week ended Friday of 10.2%.
a
•
Our preliminary
week in 1945,
Our comparative
year.
against $9,812,294,244 for the
$9,256,095,583
855,295
Bethlehem
indicateihat for the week ended Saturday, Jpne l, clearings
United States from Tvhich it is possible to obtain weekly clearings
|j VCrUl be 5.7% below those for the corresponding week last
■
or
Third Federal Reserve District—Philadelphia-
cities of the country,
for all cities of the
.0
May 25
Inc.
9.9
+
1,948,288
+ 30.1
+
+
3.6
+
3.6
+
9.8
6,787,739
+
6.0
3,188,591
2,133,328
—
12,563,092
4.3
5,806,763
-
521,802
438,805,341
1,646,367
6,381,888
1,881,323
1,611,705
1.5
+ 18.5
+
6.8
+
9.7
-
549,600,446
536,733,670
dUMMARY OF BANK CLEARINGS
1946
* Week Ended May 25—
r
federal
f
1st Boston
442,624,478
6,404,146,153
6,443,390,269
;M
697,952,741
680,652,187
"
572,004,502
633,954,530
12 cities
—
yj<L New York—.
Philadelphia,
"
12
10
7
3d
,
I 4th
'
——
Cleveland
607,641,510
628,565,636
9.8
—
5,409,265,530
2.5
+
5,025,108,815
564,165,434
308,368,768
275,544,272
+ 11.9
488,410,910
409,892,839
+ 19.2
>365,575^797
"
694,420,744
650,324,111
+
6.8
4
•*
.330,127,472
306,734,775
+
"
,226,581,071
10
"
10th Kansas City—
ilth Dallas
jtttb Ban Francisco..
284,870,957
206,008,991
+ 10.0
169,532,816
169,552,599
+
259,781,092 <
281,567,855
+17.8
1^5,986,032
116,288,545
+ 12.5
481,522,415
442,007,011
304,049,016
187,223,225
10
.-
«
585,708,378
520,838,472
:
4.0
11,253,750,971
11,003,428,899
5,034,187,917
-111 cities
————
330,127,472
2.3
•
9,056,730,107
5,764,724
Mlnneap'olls^^^^,^,-,.,
St.
,,
Paul—
North Dakota—Fargo
South
4,188,962,408
4,155,944.778
Ended May 25
(7 cities)
-
Kansas—Topeka
JOlstrlclr^B
Portlan<l.^,.,y,^w-r n..
378,120,840^,:
-
+ 55.4
3,075,490
4,253,687
'
360,171,967
+
■
^
810,905
5.0 ;;
321,796,231
613,629
! New
'
Bedford—,—
.
i Springfield
■
^
———
——
:
:
'Connecticut—Hartford
1,359,119
1,057,053
+ 28.6
849,557
+ 18.7
402,027
364,507
1,636,713
1,161,717
+ 40.9
1,213,441
:
-
3,740,047
f
'Rhode
1
New
+36.4
4,119,799
3,622,865,
3,144,970 :
Vv ;.
+18.9
2,620,733
2,414,097
+ 24.9
11,910,629
.13,965,880
+ 25.6
5,845,081
.13,532^517
;
Hampshire—Mimchester—.
v" Total (12 cities)——.
6,618,518
19,423,300;
Island—Providence.—
17,925,900
442,624,478
:
513,410
-;
7.1
+
■'
Second FederaJReserve
New fork—
District?—NevVerk
York—Albany—_
,
:
;:,,.2,443,782,
.
V
.
'•
Total
'
'
——
1,311,802
;
••
Newark--—,;,
^.
5,758,876
Northern New Jersey,
Total
_
-
548,064
■•„,>.
.
.y
29,379,597
,
:
3.2
+
0.7
+
5,794,082
2.0
5,327,955
177,016,347
5,943,216
895,216
944,632
+ 35.1
856,920
+ 52.9
9.8
867,061
884,339
662,067
4.5
+
;
1,242,378
'
5,244,122,280'
10,797,433
10,365,106
.
4,907,603
25,4
+ 12.8
6,851,630
.
,
400,761
26,532,173
33,893,726
6,404,146,153
6^443,390,269
+36,8
+
323,242
..
26,181,249
10,7
+
31.4
—
0.6
•
33,633,137
5,025,108,815'
+. 4.0
£59,781,092
+ 74.7
^
3,065,000
1,701,148
5,490,553
187,223,225
(6 cities)
Yakima
1,031,227
v-
4,867,767,699
0.8;
304,049,018
4,430,000
2,059,722
6,183,664
2,119,215.
102,519,000
281,567,855
158,938,258
+
17.3
+
8.1
13,236,142
+ 44.5
+ 21.1
2,512,000
•'
1,239,243
12.6
4,360,432
+17.8
125,986,032
116,288,545
81,174,256
+
Federal Reserve Dlstrlet—San Francisco-
Washington—Seattle
1,175,630
—
9,099,561
51,096,328
-
(12 cities).
2,786,285
+
-".M:
90,153,240
——^
3,058,122
w
—
Oregon—Portland94,024,401 :
tJtah—Salt Lake City
33,390,942
California—Long Beach——; V
10,664,523 *
Pasadena
——6,191,816
Ban Francisco
330,192,000 ,
1
5,034,062
San Jose
T———i—7,739,883
Barbara———.———-i3,442,699
Stockton
——.——,
6,850,750
Santa
105,192,483
—14.3
2,083,575
+ 48.8
1,717,039
87,719,512
1,417,519
73,953,153.
+ 27.1
81,049,385
67,002,725
+17.7
24,794,594
26,794,743
0.7
10,496,606
6,930,509
+ 23.7
3,300,005
267,049,000
2,808,715
240,625,587
28,378,061
10,738,995
5,006,153.
282,286,000
>—
+ 17.0
5,697,401
+ 35.8
+ 47.8
5,503,425
1,530,036
3,558,571
2,329,095
5,173,556
+ 32.4
4,908,069
3,866,750
1,282,380
6,810,305
;
*
New Jersey—Montclair--
+ 59.9
210,307,086
'
•56,700,000
13,724,115
10,266,326
,
3,077,739
63,659,285
+ 10.4
3,246,697
7,229,911
2,545,202
131,312,000
14,824,355
.
Connecticut—fitRinfhrd
264,325
5.4
■
35,194,869
8,683,614
62,900,000
+
6,268,930,961
7,223,036
^
Rochester.
169,552,599
148,657
+ 7.0
;V -r :
...
•
Syracuse
+
4,446,501
Louisiana—Shrpyepprt—
—22.9
1,709,114
13,112,761
—,———
8.2
+
154,075,000
Wichita Falls-
—13.2
929,445
1,318,466
,w
9.8
+ 71.5,
1,424,953
6,219,563,054
;
-
206,469
16,028,338
*
Galveston
362,344,511
....
»•;'..;
+
66,500,QQ0
1,020,248
Jamestown
New York
.v
57,755,000
.
Elmira—
>
.
Buffalp-—
;
Fort Worth
509,867
367,818,604
Dallas
Twelfth
9,486.584
10,419,491
Blnghamton—
•
,>i.
15,379,000
i
New
169,532,816
Eleventh Federal Reserve Dlstrlet—Dallas—
5,881,402
14,369.400;
u
•+ 47.9
413,101,179
.
8,4
•'+
564,768
835,285
t
+10.0
317,692
3,807,579
71,337,948
316,182,529
Texas—Austin
'
8,314,214
————
!
Total (10 cities)
4,545,267
v
•16,906,377
—-—..
Havep——
41.8
1,397,134
*
New
Colorado—Colorado Springs.—
y Pueblo
811,656
526,926
->;:^0,I98ilO0vr
'
■H'Worcester——
St. Joseph—.
3,588,318-^
3,367,391
.630,625
River
Missouri—Kansas City
.313,796,156
38.3
+
1.0
+
+ 35.9
223,306
Wichita
R»8sachusettfl^Bo8toiiu.Vvr",;^M^^v;^
+
"■340,000
4,012,591
78,774,635
5,192,908
7,458,131
211,684,504
5,909,636
1,276,297
1,310,521
Omaha
Fall
206,008,991
Hastings
Lincoln
Dec. %
776,086
+ 17.0
+ 16.0
Tenth Federal Reserve District—Kansas City-
'
'
226,581,071
5.4
+
3,086,244
1,800,537
1,325,593
4,942,743
Nebraska—Fremont
,1,206,171
284,870,957
+ 40.8
144,467,204
46,293,335
1,879,903
6,717,830
Dakota—Aberdeen
Total
Inc. or
;.s
1,014,000
7.6
+
4,093,335
152,652,359
.54,167,143
3,581,305
1,817,807
Montana—Billings
add our detailed statement showing the figures for each city for the
Clearings at—
63,830,569
36,626,388
+ 12.4
9,360,067,058
6.3
4,734,497,938
Week
.
306.734,775
Minnesota—Dulutb—
week ended May 25 for four years:-
4V first: Federal Reserve
1,076,298
Helena
Outside New York City.
now
1,209,378
4.1
—
Ninth Federal Reserve District—Minneapolis—
287,132,806
158,938,258
183,400,000
+ 10.0
71,004,894
47,253,583
309,626,334
7.6
316,182,520
187,400,000
78,088,693
45,329,401
Total (f cities)——.
'536,733,670
""
-
4;
.
549,600,446
6
—
"
Kentucky—Louisville.
Tennessee—Memphis
Illinois—Quincy
251,230,816
255,126,189
"
%
205,500,000
565,751,745
»
.-
pth Minneapolis
|Jf ' We
0.6
—
Missouri—St. Louis.
362,344,511
17
.-
Eighth Federal Reserve District—St. Louis—
$
367,818.604
7
7tb Chicago —
/ 8th Bt. ' Louis—
j
| Total
-
1943
$
7.1
+
6
6th Atlanta
.
.
.
10
5th Richmond
'
Dec. %
413,101,179
.
1944
Inc. or
1945
$
Districts
Reserve
''
;
285,128
Total (10 Cities)-
/
29,459,173
38,845,372
5,409,265,530
—_
Grand Total (111 cities)———,
-Outside .New York—
•
♦Estimated.
-
-
-r
'
585,708,378
520,838,472
+12.5
481,522,415
442,007,011
11,253,750,971
11,003,428,899
2.3
9,056,730,107
9,360,067,058
5,034,187,917
4,734,497.938
6.3
4,188,962,408
4,155,944.778
tNot included In totals.
Monday, June 3, 1946
THE COMMERCIAL & -FINANCIAL CHRONICLE
3036
I
PARTIAL REDEMPTION .V-TV.
^^I'.tpompanyhnd Issuer—;i*
,
Foreign Exchange Rates
requirements of Section
Pursuant to the
Federal Reserve Bank is now cer¬
buying rate for cable transfers in the different countries of the
passed:
•>
t
, |
A , v: ■? ,-*<
522 of the Tariff Act of 1930, the
tifying daily to the Secretary of the Treasury the
world.
We give below a record for the week just
r
.
-f- -
^
,
.
•
-
.
May 27
May 25
; May 24
■
_
•
.251247*
.251247*
3.214113
\
.022845
.060602*
.051902*
.051902*
.051902*
.909090
.905781
.570066*v
.020060
.020060
.020060
.020060
.208766
.208766
.208765
.208765
Holiday
4.033515
4.033750
.008408
.008408
.008408
.008408
Tide
-M84U8
.301824
.301824
.301824
.301824
United States & Foreign
.004434
.004434
.004434
.004434
.205715
.205715
.205687
.205715
".377892>
.377892
.377892
.377892
.909090
.909090
.909090
.903125
.903125
.903125
3.227000
3.227000
004434
'977(100
————
—
—
———
'
4.033515
$4.50
3.227000
3.227000
3 202020
n^m-
Zeafand7~pound
*
.202020
.201612
.040501
.040501
.091323
Holiday
.238520
.238520
.238520
.233626
.233626
.233626
.233626
4.005000
4.005000
4.005000
5%
4.005000
.658300*
.658300*
.658300*
.562900*
.562716*
.562716*
.562716*
■•Nominal rate.
12 Federal
Reserve Banks Combined
thousands
(In
1946
17,344,060
3old
certificates
748,058
747,445
18,092,118
18,093,500
__
'
gold ctf. reserves——
Total
cash
Other
Discounts
Industrial loans
18,111,559
248,091
163,082
14,005,854
6,335,596
1,738,200
13,665,787
6,335,596
1,738,200
———-
Bills
■
Certificates
—
Notes
:
——
—
jfEoiMlS
'11. t
Total U. S. Govt;
i
'•
securities
4,302
1,354
13,745 >',
•*"
902,942'
in
13,064,097
5,827,311
Borrowing of reporting member
000,000.
banks increased $45,-
>
.
A summary of the assets
member banks follows:
millions
(In
1,016,450
and liabilities of reporting
May 15,
1946
1946
May 23,
1945
$
$
$
21,023,000
22,642,525
Total loans 'and securities
from foreign banks——
R. notes of other banks—
Due
Uncollected items
-
Bank premises
Dther assets
——
_.——
Total assets
—
21,912,836
23,231,747
85
118,716
1,987,701
33,029
56,128
22,820,706
56,632
62,005
43,779,469
43,506,786
42,178,114
23,946,502
22344,887
15,505,017
15,371.392
561,524
425,501
110
112
115,806
82,076
2,095,994
1,727,261
33,072
Loans and
64,160
+
14,812
Investments—totaL
—
34,174
Loans—totalCommercial,
3
+
+
6
+1,677
3,266
chasing or carrying:
U. 8. Government
dealers lor pur*
v
obligations..,.-
Deposits:
acct.
Member bank—reserve
U. S. Treasurer—gen.
Foreign
:
15,688,738
.
429,788
••
•s
660.099
-
lOtber liabs., inch accrd. divs—.„
liabilities
1,159,080
459,676
-
409,166 :*.:*
1,294
—
+
718
U. 8. Government
17,407,251
1,663,463
13,828
17,415,649
1,381,906
17,135,806
1,784,734
12,915
42,879,957
12,370
obligations
Real estate loans
+
1,221
——
—
Loans to banks
+
48
i
Other loans
3
1866
2727
—«
——
Balances with domestic banks
Capital Accounts—
Capital paid in
Surplus (Section 7)
Surplus (Section 13b)———.
Other capital accounts.-
182,003
181,936
358,355
228,153
27,428
27,428
27,165
60,728
59,110
99,839
/ Total liabilities & cap. accts—
43,779,469
■43,506,786
42,178,114
42
Ratio
575
—
+
344
6%
238
6%
31
6%
—
67
—
+
16
—
—136
note
Commitments
to
make
45.0%
44.0%
5,411
,
is
:
to
«
demand
and
Interbank
4,320
during wapIt
Condition Statement of Member Banks
reporting member
banks of the Federal Reserve System, in 101 leading
cities shows the following principal changes for the
week ended May 22: An increase of $379,000)000 in de¬
mand deposits adjusted, and decreases of $255,000,000
in United States Government deposits and $294,000,000 in
deposits credited to domestic banks.
and ' agricultural loans in¬
Chicago Dislrict and declined
$15,000,000 in New York City; at all reporting member
industrial,
Commercial,
banks there
was a
net increase of
$6,000,000.
States Government obligations declined $48,000,000 and
other loans for the
these decreases
same purpose
were
declined $31,000,000;
largely in New York City.
Holdings of Treasury bills increased $91,000,000 in New
York City and
$42,000,000 at all reporting member banks,
and declined $24,000,000 in
the Richmond District. Hold¬
$86,000,000 in New York City, $36,000,000 in the Chicago
District, and $84,000,000 at all reporting
member banks.;
+
6,329
Texas
6%
45
'
+
79
+
122
+
—294
235
513
—
Fonda, Johnstown & Gloversville RR.—
*
„
1st mtge. 4s due 1991
Jun 3
Manati Sugar Co., 20-year 4% bonds, due-1957—
Jun 18
Oregon RR. ts Navigation Co.—
'
4% consol. mortgage oonds due 1946
Any time
Oregon Short Line RR.—
"
■
'"■>
Consol. 1st mtge. 5% bonds due 1946.—-—Any time
1st general
St. Joseph
r-
series A. due 2039_Jun
Ashtabula'Ry.—
1—
mortgage bonds
bonds, series A. due
4%
bonds due
1947
2336
.
Jun 13
2336
Jun 10
Jun 10
Jun 10
1961
2015
2015
& Electric Co.—
debentures,
debentures
due
1957
gold notes due 1948
Oct
:
Power &
2015
2015
1
(New Jersey),
Light Co.—
:,
i.
2771
2015
2771
i;
i.
gold debentures bonds, series A, due 2022
Stores Ltd.. 1st. rnmul. red. ronv. Dref
stock
July .1. '47
$2490
July
1773
•
1
Electric Co. of
2901
2773
,
are
declared.
,
82822
Any time
15c
,
92822
2732
.•"
2586 •/
82824
New common (initial)
^
ot Re0.
————.—;
2436
*
'
Bolter*
62J/2C
Aetna
Aetna
When
Payable
(quar.)_————
Life Insurance (quar.)—
Standard Engineering Co.—
2288
13
May 31"
Per
Share
Name of Comvanp
;
-
this week are:
Aetna Casualty & Surety
& Grand Island Ry.—
1st mortgage
2769
2448
DIVIDENDS
2431
Co.—
3%bonds,
1
1
-
Page
Associated Laundries of Illinois, Inc.—
•
1st (closed) mtge. 6 Vas——-————Jun
3
Bush Terminal- Buildings Co., 1st mtge. bonds due 1960_May 30
mtge.
2769
RR.—
The dividends announced
Date
Transportation
2769
1
July 2
1954
due
2769
2769
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¬
ord of past dividend payments in many cases are given
under the company name in our "General Corporation
and Investment News Department" in the week when
TENDER
■Company and Issue—
Philadelphia
2447
2769
'
1
July
preferred stock
series A, due 1951
gold debentures, series B, due 1966
gold
Dividends
list of corporate bonds, notes,
stocks called for redemption,
including those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
ing tenders, and the page number gives the location in
which the details were given in the "Chronicle."
;Pittsburgh, Youngstown &.
2586
> '
2447
2056
Ltd., 1st mtge. bonds, series A——Jun 15 t* 2774
'Announcement in this issue,
tin Volume 161. 8Tn Volume 163.
common
OF
*
2732
York Knitting Mills,
15,276
NOTICES
82822
2011
Missouri, $5 preferred stock——.Jun 24
Walworth Co., 20-year 1st mtge. 4% bonds due 1955—Oct
1
Watab Paper Co., 1st mortgage 5% bonds due 1952——July
1
Wnnlwnrth <F. W.> Co.. 214% sinking fund debentures-Jrly 15
Union
Below will be found a
preferred and
Consolidated
ings of Treasury certificates of indebtedness increased
—255
Notices
Loans to
brokers and dealers for. purchasing or carrying United
1,507
deposit accounts except
U. 8. Gov't accounts,
.
.
1
1
3% debs, due 1961
Jun 14
Standard Power & Light Corp.. 6% gold debs, due 1957-Jun 10
Sterling Inc., convertible preferred stock
Jun 12
Redemption Calls and Sinking Fund
The condition statement of weekly
creased $16,000,000 in the
+
9,275
1,252
BorrowingsDebits
5,431
trial Inans
mtge.
20-ycar 6%
Thrift
Foreign banks..
43.6%
—1,789
19
+
Interbank deposits:
Domestic banks
indus¬
Pacific
Standard Gas
5
—
+ 379
38,727
9,914
11,716
Time deposits
of
gold certificate re¬
to deposit and F. R.
liabilities combined
1st
332
2
debentures
2Vs %
Southern
4,260
+
Liabilities-
Demand deposits adjusted
♦
>
2444
2444
5
$6 preferred
Corp., $5 convertible
Oil Corp.—
Standard Oil Co.
U. 8. Government deposits
serves
Shell Union
329
—
168,145
358,355
74
Sharon Steel
44
+
84
—
2,118
—
504
+
—
574
Cash in vault
9
—
42
+
175
+
7
19
+
3,383
9,978
-
Banks
-
1570
Co.,
stock
Jun
Service Co.—
1st mortgage and refunding 5s, series A, due 1967
Aug
1st mortgage and refunding 5s, series B, due 1961-—Aug
Pennsylvania Water Service Co.—
<■
1st mortgage and refunding 5s, series A, due 1967—Aug
Scranton Gas & Water Co., 1st mtge. 4'/4s due 1958_Sep
Spring Brook Water Supply Co.—
1st refunding mortgage 5s, due 1965
Oot
95
7
Obligations guaranteed by U. S. Government
Reserve with Federal Reserve
2582
2583
2009
2857
,
.
& ref. 6%
Leather
Scranton Electric Co.,
1,090
+
—
6,782
27,469
Treasury notes
+
15
+
1,262
10,445
■
of Indebtedness
Jun
Inc.—
,
bonds, series B, due 1947
—Anytime
7% preferred stock
July 1
Pennsylvania Sugar Co., 4% debentures due 1952
July 1
Public Service Co. of Indiana, Inc., 5% pfd. stock
_Jun 13
Reliable Stores Corp., convertible preferred stock
Jun 10
Rochester Telephone Corp.—
,
^
'
>
1st & ref. mortgage 27/s% bonds, ser. E, due 1960—Oct
1
1st & ref. mtge, 3Vi% bonds, ser. P, due 1961
^.July 1
Ohio
114
—
31
+
1,893
'
Treasury bills
v*-,
81513
-2157
2006
2008
2157
pfd. stock—
Jun 10
pref. stock, no par value—Jun 7
McCord Corp., class A stockJuly 1
McLellan Stores Co., 5% convertible preferred stock
July A
Macy (R. H.) & Co., Inc., 2Vi% debentures
^Aug 1
Maryland Drydock Co. of Baltimore, 7% pfd. stock—July I
Merck & Co., Inc., 5'/4% and 414% preferred stock
Jun 17
Nashville, Chattanooga & St. Louis Ry.—
1st mortgage 4% bonds, series A, due 1978
Aug 1
New York, Chicago & St. Louis Ry.—
Ref. mortgage 3%. bonds, series D, due 1975
July 1
North American Rayon Corp., prior preferred stock
July 1
152
—
3
26
91
—
Other securities
41,654,812
—
1,671
—
457
Treasury certificates
43,150,955
deposits
Oeferred availability items
Total
S
680,516 'f;
608,209.
acct—
Other
Total
1
2577
,1562
1861
2852
2852
Lefcourt Realty Corp., conv.
Other loans for purchasing or carrying:
24,066,413
12143
Water Co.—
1st mtge. 3V2S, series A, due 1968
Indianapolis Powder & Light Co., 514%
,
Other securities
liabilities-—
Federal Reserve notes
2719
2719
2432
Scranton-Spring Brook Water
and
brokers
to
+ 6,678
89
Industrial, and agricultural
7,467
Loans
•
1st lien
Increase ( + ) or
Decrease (--) Since
May 22,
22,982,592
*
2847
Jun 29
Northern New York Utilities,
of dollars)
1,115,142
902,942
Assets—
iP
■
$379,000,000 at all reporting member banks. Both
United States Government deposits and deposits credited
to domestic banks declined in all districts.
885,534
Govt, securities:
U
695,094
,
290,966
Acceptances purchased—
York
and
259,945
236,507
1,324
11,324
—
advances
and
17,416,465
New
Hackensack
deposits adjusted increased $264,000,000 in
City, $52,000,000 in the Cleveland District,
Demand
1945
17,346,055
for F. R.
'Redemption fund
antes
of
May 30,
May 22,
1946
Assets—
$59,000,000 in New
District, and a total
$74,000,000.
Holdings of United States Government
bonds increased $29,000,000 in New York City, $16,000,000 in the San Francisco District, and $42,000,000 at all
Holdings of Treasury notes declined
York City, $33,000,000 in the Chicago
reporting banks.
of dollars)
May 29,
stock
1950
Jun 14
1956
Jun 14
convertible preferred stock
July 1.
Butte Electric Jk Power Co.. 1st mtge. 5s due 1951—Any-time
Consolidated Gas Electric Light & Power Co. of Bait.—
Series N and O 3'/4% 1st ref. mortgage bonds
Jun
6
Consolidated Steel Corp., $1.75 preferred stock
July 1
Dennison Mfg. Co., prior preferred stock
July 1
Fairchild Engine & Airplane Corp., $2.50 pfd. stock—Jun 24
General Phoenix Corp., 7% convertible pfd. stock
Jun 24
Great Northern Ry.— •'
" "■"':*
^
4Ya% gen. mtge. gold bonds; series E. due 1977—-"July 1, '47
Gen. mtge. 3>/8% gold bonds, series K, due 1960
July 1
Gen. mtge. 3%% gold bonds, series L, due 1970——July
I
Gen. mtge. 3J/2% gold bonds, series M, due 1980
July 1
Griess-Pfleger Tanning Co., income debentures
Jun 30
.562900
Statement of Gondilion of the
preferred
Corp.—
Bond Stores, Inc., 4Vt%
.658300*
.658300*
5%
Co.,
Loan
2285
•
2430
debentures due
debentures due
10-year 2J/4%
15-year 2%%
4.005000
-
Investment
Industrial
:
Page
1
1
1
Jun 28
stock
preferred
conv.
Associates
Beneficial
2202
Date
July
July
July
Mfg. Co., Inc., class A stock
Agnew-Surpass Shoe Stores, Ltd., 7% pref. stock
American Crystal Sugar Co- 6% 1st preferred stock
American Investment Co. of Illinois—
.031323
2487
""V t
Aero Supply
.040501
.091323
*o^ror
Switzerland, franc
I NoncontroUed
2771
ENTIRE ISSUES CALLED
.201610
.202020
.091323
.238520
pound
preferred
.909090
.040501
nqi^r*
.Spain, peseta
Sweden, krona
1st
^
2769>
Company and Issue—
QftQnQn
Portugal, escudo
Jun 14
stock__July 1
Securities Corp., 1st pfd. stock.Jun 30
stock
Jun 30
1st mortgage 3%s, due 1973————
Water Associated Oil Co., $3.75 preferred
■
•
;jf
*V,
x -
■:
.•£"!* '*%
—
South Africa,
~
4.030750
-
Norway, krone
Union of
.905625
.570066*
.903333
Netherlands, guilder—
Newfoundland, dollar—
New
.905625
.570066*
—
peso—
| ottma,
.905625
.570066*
.909090
*020060*
i
—
.009090
.908090
2576
l
1
*
1
*
Dryden Paper Co., Ltd., let mtge. 6s. due 1949
,_Jun 15
2291
International Paper Co., 5% convertible pfd. stock
July 5
2728
Johnson <fc Johnson, 4% second*preferred stock, ser. A__Jun
6
2582
Lafayette Hotel Co., Its mortgage 5% bonds due 1947„Jun 15
2728
Pittston Co,,
5%% income debentures, due 1964—July 1
: •
Poll-New England Theatres,. Inc.—
r
v
1st "mortgage.'bonds due 1958—JfunC#:'2440
Ruppert (Jacob), 4V2%
preferred stock
July 1
•
JSouth Carolina Electric b Gas Cp.—
"
- '<
.060602*
.051902*
.060602*
1
mtge.
3%%
bonds, series E, due 1969
Aug
1st mtge. 23AVt bonds, series G, due 1974——
Aug
Continental Baking Co.,
3% debentures, due 1965___July
.022845
.060602*
^
-
1st
3.214113
.022845
—--~4•; :f ;5W090
Czechoslovakia, koruna
iDenmark, krone--—
——
iBngiaua, pound sterling—,
-France (Metropolitan) franc
India (British), rupee
Italy, lira
—
.251247*
-
■.''■•■
^ t
2720^
.
.Chicago, & North Western Ry,— ■ ;
r• '"* ■
1st mortgage'3s, series B, due 1989--^-^-—-——---July
Cincinnati
Union
Terminal Co.—.'
,-v ■;
..
.297733*
'.060602*
-.051902*
—-
May 30
.
•
3.214113
■
.0Z2B4:>
———
—
-May 29
■,
v'.297733*
.022845
pound—Z—I
3MsU^ruzelro--
Mexico,
May 28
~
.297733*
.251247*
.Belgium, franc
peso--
-
$
3.214113
-Colombia,
1st mtge. Jionds,. due
«:---_July. %<■ •
"Capital Transit Co.— *1 • "r
'
I
■..
' *" *
"* •'* ■
1st and refunding mortgage 4s, series A, due 1964
Jun 13
.297733*
i
Australia,
i
Noon'Buytog Ratrtor Cable Transfers In New^York;
Value in United States Money* •'
<'•■•
f
Unit
Country and Monetary
1930
OP
ACT
TARIFF
TO TOEASHRT CNDER
EXCHANGE RATES CERTIFY
FOREIGN
pag«
■.
'.Alreon Mfg. Corp., 60-cent conv. preferred stock——-Jun 30
2429
Alabama Gas Co., 1st mtge. 4'/as, due 1951
_Jun 28
" • • •
American Bemberg Corp., 7% preferred stock__„—___July
1
2429
American Machine & Metals, Inc., 4*4% debs. duel959_July
1
- •
American Rolling Mill Co., 4ya% conv. pfd. stock
Jun 14
2718
American Writing Paper Corp.—
\
i
General mortgage bonds due 1961—--——
—July 1
2846
Bridgeport Brass; Co.»;^ftH»% ^preferred .8took-i——AUJun^30r" ir
:w
Bush Terminal Buildings' Co.—
v •*'
?:•.•..■>.*) li':
7- 1
7-1
30c
preferred (quar.)————--——
■ $1.25
Inc.
(increased)———
———
30c
Formerly known as Chicago Mail Order Co.
Alexander & Baldwin (quar.)
50c
Allegheny & Western Ry., gtd. (s-a).
—
$3
Allied Chemical & Dye (quar.)-——
—v
$1.50
6-15
6-30 f
7-1
5%
Alden's
Amalgamated Sugar Co, (quar.)-————
Can Co.," 7 %' pfd. (quar.)
American Felt Co., common (irrcg.)—
—
American:
6%
preferred (quar.)
5-31
5-31
.
^
.
6-1
,
6-22
6- 7
, ,
,
6-15
7-1
v
5c
6- 4
6-20
6-20
7- 1 *
6- 7
6-15
$1.75
75c ;
7- 1
6-13
6-12,
6- 6
$1.50
-7-1
6-15
,
1
(Volume
.
163
Number 4495
iTHE COMMERCIAL 8t FINANCIAL CHRONICLE
'
ter
>
$6
2nd
preferred
American
American
Ice, 6 %
6%
preferred
American Macnine
i
Co.
"
iwnen
Share
Holder*
Payable
Elmlra &
6-20
Emerson
7-1 '
$1.50
rI_
non-cum.
(quar.j
7-
1
7-
1
6-12
$1.50
7-15
7-
7-15
7-
1
25c
6-28
6-10
I
$6
ft American National Finance—
$1 non-cum. preferred
American ? Optical,;, Co.
50c
(quar.)
6-15
40c
-
6-
7-
6-15
1
American Rolling Mill—
7-15
6-17
Famous
6-26
6-
7-15
6-21
6-29
6-14
Federal
6-29
6-14
Federal
15c
b-30
6-15
Fernie
$1.50
7-
1
10c
■
6-29
12 Vic
6-J 3
6-15
Base
*
Metals
^
W 6-28
6-11
30c
6-15
i-7%
preferred
(quar.)
7-
1
10 c
I
6-15
6-
6-15
6-
6-
1
5-15
6-
1
5-15
56 Vic
$1.12 Vi
62 '/2c
pfd
$14
Boston Woven Hose & Rubber Co.—
6% preferred (s-a)
Bower
Roller
$3
Bearing—
Common
common
Wheel
7-
1
7-
1
6-10
6-
15c
6-10
7-
6-14
prior preferred (initial)
6% preferred (quar.;_
Buildings, 7% pfd. (accum.)
7-
1
7-
1
$1.25
5-25
6-15
25c
(quar.)
$45c
—
J30c
-
(s-a)
r
-
25c
6- 4
5-13
1
6-19
$3c
6-28
5-31
75c
7-
1
6-
$1
$1
6-
1
Company,
Gas
Co.
6-
5
6-
6
6-18
;
Power,
30c
6-
30c
6-28
6-20
6-15
30c
6c
37 Vic
$1.25
$1.25
10c
Inc.
Light, 4%
(s-a)—
Lines
preferred (quar.)
1
6-10
Natomas
7-
1
6-14
7-
1
6-14
New England Fire Insurance Co.
25c
6-15
6-
7-
1
*
$6
$7
7
6-24
6-29
6-15
Kern
1
6-15
6-29
(initial).
$1.25
6-15
6-
5-21
25c
6-15
6-
6-15
7-
1
6-14
6-
1
12 Vic
25c;
$25c
5
Lima
7-15
6-27
6-15
6-1
7-15
-7-' 1'
$1"/
75c
7-15
7- 1
6-1
75c
7-1
6-14
$1.75
50C
$25c
,
7-
1
6-10
7-2
7-
preferred
1st
preferred
6-14
5-24
6-15
Mill
5-10
7-
1
1
St.
7-
&
;
;•
(B.)
$1.50
6-29
6-19
6-17
7-
6-17
6- 7
5-31
6-
1
1
6-
8
7-
1
6-
8
6-25
6-14
(quar.)
Co. (quar.)—i——.i—
Exploration (quar.)..
Pfaudler
&
Trading,
(The)
6-19'
Pilot Full Fashion
6-19
Pittsburgh
S
Port
Common
6-24
.
•
#,'
6-29
6-
7-1
6-20
Prentice-Wabers
6-20
Price
6-10
-
Brothers
5%%
5-25
National Bank
5%
6-14
6%
6-28
6-14
7%
7-
1
6-20
7-
1
7-
Public
Service
6-20
3'/2%
Public
Publication
6-1
5-15
7-
1
6-10
7-1
5-31
7-
New
4-26
6-
6-15
1
##7- 1.
Service
7%
& Trust
6-21
6-28
6-
7-
6-20
7-
of Indiana—
New
of
(initial
preferred
quar.)
(quar.)—
7-
2
7c
6-20
*
31 Vic
6-
6-
1
6-
1
50c
7-10
7-10
6-30
7-10
17 Vac
6-15
6-
7
6-17
7- 1
$2
## 40c • 7 7- 1
6-19
$1
7-1
6-20
7-
6-20
7-
50c
37 Vic
1
I
50c
.
.
6-15
5-21
7- 1
6-12
•
6-14#
81 Vic
*
6-
l!
5-29
6-
6-14
7-1
6-10
1
7-
1
6-18
7-
1
6-18
6-14
6-
7-
1
6-20
7- 1
6-20
20c
6- 1
5-22
7-
1
6-17
7-
t
6-17
1*
15c
6-27
6-27
6-10
25c
7- 1
6-10
:
7—
2=ic
Manufacturing Co,————-——.
25c
Extra
—i.—1—15c
6-25
6-10
6-25
6-19
6-10
6-1
10c
6-25
6-10
$1
7-1
•
6-10
2oc
6-11
———
Inc
—
Rudd
St.
Lawrence
St.'
(s-a)—
Corp., Ltd.—
A conv; .preferred, accum.)
6-
30c
—
1
5-24
'
^
$25c
7-15
.
r
'
6-21
Lawrence
Paper Mills Co., -Ltd.—
preferred (accura.)
;
69c
Water Works, common——
preferred A (quar.)——
San: Jose
43A%
Scott
'
6-15
6-28
—
Ruberold
.
1
—
6-10
5-25
6-20
8*
6-15
$1.25
$1 *>5
—_—
(quar.):—
Corp.
,
Pendleton,
Company
4%. class
7-1.
7- 1
$1.75
13 Vic
1
7-11
6-29
15c
25c
2oc25c
$1.25
(quar.)————
Safety Car Heating & Lighting Co., Inc
St. Helen's Pulp & Paper Co. (irreg.)
20c
50c
8-31
$50c
$62V4c
Ryan Consolidated Petroleum Corp.
25c
6-29
25c
Co., common (quar.)
7
'
6-29
7-25
60c
6-
6-19
7-25
<
j.
7
50c
6-20
—-
6-
.
6-20
6-20
———-—:—
Extra
Roeser &
■
6-15
(P. L.)
Cable
Rome
;■■■
6-30
1
1
7-10
25c
$1.50
(quar.)—
5%- preferred
(quar.)
5% prior preference (quar.)
6-30
25c
$1.25
77-
(s-a)
Metal
preferred (quar.)
Rockwood & Co., common
6-13
31
$1.50
$1.50
$2.50
5-28
6-15
6-12
$1.75
(quar.)
(quar.)
Co.
Company, common
convertible preferred
Robertson
4
6-27
v;
50c
5%
Bit
Roller
Riverside
6-15
6-12
$3
Riter
6-14
6-21
5
6-25
$1.75
(quar.)
Reading Co., 2nd preferred
7-15
5-15
40c
Regal Shoe Co., new common (initial)—I—
Republic Petroleum Co—
—....
Republic Pictures, $1 preferred (quar.)——
?t50c
6- 1
6-14
—
Reed
6-19
6-15
6-15
39c
———
6-19
6-15
1
1
87%c
——
5-25
1
1
7r
7-
Hampshire
5-29
1
7
•
(initial quar.)
Co.
1
50c
5-31
5c
Manufacturing, 5% pfd. (quar.)
Metal Textile Corp.—
v
$3.25 "participating preferred (quar,<
7- 1
25c
3.
58VaC
6-10
7-
6-20
6-21
1
6-12
7-
1
41V4C
6-10
$1.13%
7-
7
Y.)—
$2
40c
5-22
7- 1
Quaker Oats Co., common
6% preferred (quar.)—
Railway Equipment & Realty, common——
6%
1st preferred
(quar.)—;
6-15
1
6-
(quar.)—
(N.
Colorado—
original preferred
1st
6-15
Corp.—
common
7%
1
6-
7- 1
6-
•
7-1
(monthly)
preferred
6-20
6-10
of
Co.
Public Service Co.
6-20
6-10
6-14
loc
preferred (monthly)
preferred (monthly)
1
5-28
6-10
7- 2
$1,75
1
preferred
1
$2.50
$2.50
Quarterly
6-15
.7«-1'
41 %c
5-23
5-28
r-7-
$1.75
20c
6-
6-28
.
$$1.37Vfc
Public
6-12
•
6-14
6
n
(quar.)
6-11
6-30
6-
Co., Ltd.—
6-10
8
7-10
10%
Products
&
preferred
6-26
,
6-10
$2.50
—
6-20
,v
7- 1
.
|l—L-———-
Propper-McCallum Hosiery—
5% 1st preferred (s-a).
$5 2nd preferred (s-a)
Providence Washington Insurance
5
50c
(stock dividend).—
(quar.):
7- If-;*
5-31
"
6-20
$2.50
Co.
4
6-10
7-1
1214c
Food
6- 7
6-12
Pratt
1
7- 1
25c
7% preferred
(quar.)f..—.—J——;
Pittsburgh MetallurgicarCo.?v(quar.)
Plough, Incorporated (quar.)
6-20
...
Mills
6-13
20c
Wayne;Chloago—
(quar.)
'
6-
A.
'Philadelphia Electric Power, 8% pfd. (quar.)
Philadelphia & Trenton RR-. (quar.)
6-29
6-24
class
Co.^_—-w—-
6-29
;
$1.25
6-13
*
„
1
7-
15c
———
Petroleum
k.
25c
McAleer
6-28
1
$1.75
v
1
7-
6- 3
12 Vic
.
7-
7- 1
6-10
t5c
——
7-15
$1.25"
Circle
15c
Maryland Drydock Co., common (quar.)——
7% preferred (quar.)
8
25c
25c
Maud Muller Candy^-.—
6-
40c
'
6-15
5-23
6-27
$1
Sand Corp.,' common (quar.).—
preferred; (quar.)—.i——„
75c
..
6
6- 5
25c
(quar.)
Glass
#7-1
!
6-
15c
50c
5-24
15c
—.....
6» 4
60c
...
50c
Market* Basket, common
$1 preferred A (quar.)—
6-15
6-20
Perfect
Telegraph (Del.)<r~
5-23
5c
;
Peoples Drug Store
1
$l-
,
: # 6-15
1
1
Petroleum
6-29
50c
Co^-—.—
77-
6-12
7-16
7-
! 35c
Extra
5-31
6-14
6-15
$1
60c
6-16
50c
15c
Works—
5-31
2
6-10
$1.12V2
40c
Ltd.—
5-31
6-15
7-
-
$1.0614
30c
;
<6-19
•
6-14
1
5-31
(quar.)—.
6-10
r
6-25
'5%
6-20
.—v.—
6-1
—
1
5
Penn
6-
(quar.)
6-20
H 6-15
50c
——
6-
6-12
6-20
^ ■
433Ac
(irreg.)
6-
6-15
6-28
$1.50
Paper Co.,
Marlin-Rockwell Corp.
(quar.)
4% " preferred
6-12
6-15
$37%c
(quar.)—;
Co.
5-20
6-16
7*1
v
15c
$l8H4c
(quar.).
1
1
'
^ $$1.25 i
common
6
b-
6-
7-
25c
(quar.)
4
5-25
6-10r
(quar.).—.—4-._———
Manlschewitz
6-20
6-29
•
Locomotive
Brush
6-15
$2.50
(quar.)
5-24
8-
15c
(quar.)
; 5-31
6-28
/
25c
5-31
6-15
5-31
35c
common
g|
5
6-26
v
$1.12 Vi
;
Power
6-20
1
Fibre
$1.75
Rubber Co.
Light Co.
John
——
Aggregates (quar.)
Paahau
Sugar Plantation
Paraffine Cos., common (quar.)—
6-20
;
1
6-15 (
$1.75 «
Pacific Coast
$1.62%
(quar.)
(I. B.)
6-29
1
5-29
50c
Land Co.—
County
7-1
62y2c
Ox
tioc
v
common
(Minn ),
$4.50 preferred
$4.25 preferred
*
6-14
35C
(quar.)^
$1.50
v
America
Debenture
8c
Power
5-10
50c
<s-^)
6-15
25C
Otter Tail
6-28
75c
$1
.
6-14
Loan
Extra
:
Corp.,
75c
■■
7
5-29
7-
'
(quar.)
(James R.)
of
6-28
43 %c
(quar.)
13c
?
(quar.)——
6-15
25c
fi
common
preferred
7-
25c
Lindsay Light Sc Chemical, 7% pfd. (quar.)
Lord & Taylor (quar.)
.....
Lykens Valley RR. & Coal (s-a)
1;
<;
prior
Line Life Insurance
Ontario
25c
(quar.)—:
preferred
1st
1st
50c
,
#### #
—
Public
5
6-14
1
50c
6-
10c
ClasS' B'Xquar;)——-a,.—
5% preferred (quar.)-.-—=..
75c
(quar.)™I
(quar.)
Service Co.,
6-
7-
$3.50
:
(quar.)—
& Machine—
6-20
$1.25
,
preferred
Clase A
6-14
6-27
$35c
$1.75
Old
6-3
Inc.—
Chemical,
6-15
(s-a)
Mississippi Telegraph (annual)
Co., common (irreg.)—
6-20
15c
(quar.)
Lincoln Telephone &
5-25
6-28
7-15
37 Vic
•'
Co.
7
Oneida, Ltd., common (quar.)
6% preferred (quar.)
$1.25
—
Roi Company.^........
Lehigh Valley Coal, 6% non-cum. conv. pfd.
Leland Electric Co., 5% conv, pfd. (quar.)_
Lexington Telephone Co. (quar;)
5-31
20c
1
$1
—
Minerals 8c
6-
8-
6-
25C
—.—
6rl5
7-
50c
(accum.)„
20c
(quar.)
7-15
5-15
6-10
'
6-10
8-15
6-1
6-10
1./#
1,''
53Vac
6-29
1
1
'• 7-
25c
25c
(Harvey),
Le
1
35c
I
—II
—
(quar.)
Manufacturing Co.
6-20
7-15
1
40c
common
6-28
6-14
7-
7-
6-10
# 7-15
50c
7-
$1.50
6-10
1
8-
Central
Forge
4
#8-16
6-29
$37Vic
Seamless Tube
$1.12 »/a
preferred
1
6-29
6-10
&
?
7-
;
6-15 •
6-4
Ohio
6-27
5
6-16
,
6-10
Ohio
(increased)-^
7- 1
6-29
6-
$50
common
Plantation
Company,
Laclede Gas
Iiake
6-15
6-15
-
Co.,
(s-a)
Mining Co.
7-1,
4c
6-15
1
6-
6-17
'
$20c
—
...
7- 2
j.
15c
6-24
(quar.)—
Mining Co. (increased)—
Spring Co. (irreg.)
7-
—
Paper Co
Co
Park
35c
Koppers Co., .Inc.—
4%% preferred (quar.)
6-15
1
6-10
l2VaC
(s-)—II
Dauch
%
Ry» ; (s-a)j
$2
iMortnwestein Utilities, 6%
pfd. (quar.)_
$$1.50
Oahu Sugar Co., Ltd
15c
Ohio Associated Telephone, 6% pfd.
(quar.)
$1.50
Ohio_ Edison Co., 4.40% preferred (quar.)
$1.10
1
$1.06 Vi
6-10
7-
1
$5c
L!
1
7-1
Ohio
—_
7-
7-20
45c
25c
25c
Publications,
50c
40c '
—
6-10
preferred
Kilburn
1
25c
prior ^preferred
5-31
—
—
#5-25
$1.50
—
prior preferred
(accum.)
Hampshire Fire Insurance Co. (quar.).
New Idea, Inc.^
.v——-—.
50c
(quar.)
1
'
$7
6-29
preferred
Kleinert
6-20
6-
$6
6-25
-
A (accum.)
W.) Co., common
$1.50, preferred
6-15
7-
$1
.
•
(George
Kearney
6-14
25c
-
.
(s-a)
7-20
6-
$l5c
New
6-14
(irreg.)
Joseph & Feiss Co.; (quar.)—.—
—^4.;
Kaynee Co., 7% preferred (quar.)—
6-10
7-
3
5-31
7-10
—
1
1
25c »
preferred
Company (irreg.)—
Cement, 7% preferred
10c
—
6-
35c
5
6-
6-20 f
Cooker
Co., 414%
25c
—;
Irving Oil Co., 6% preferred
Irving Trust Co. (quar.)
Island Mountain Mines, Ltd.
6
6-29
2
6-
6-13
$1
^
preferred
$6.50
6-15
6-17
$1
6-27
25c
50c
Pressure
Nazareth
7
5-ai
8-
New England Public Service—
F.)
preferred
Iowa
6-14
$1
Eddy Paper Corp.—
5%
7-
$25c
Iron—.
(quar.)
1
Wire
B
4%
6-14
25c.
(quar.)
common
7-
25c
-
,
!
-
National Steel Car Corp. Ltd
25c
Cement
3
6-15
:
(quar.)-,
pfd.
(B.)
International
6-15
25c
Machine' Co., Ltd. (s-a)__~~
Paper Corp., common (irreg.)
prior preferred (s-a)———-w-_——
Co#
6-
6-
Washing
Elliott
6-17
7-1
preferred (quar.)———
prior
6-20
(quar.)—
Hyde
3
6-24
-
6%
National Tea
1
—
(increased)—
Inc. (quar.)
Sugar Plantation Co.
(quar.)^_
Park Breweries Association
6-15
Theatres
Ferries,
6-21
7-
$1.25
Ideal
6-30
6-
25c
Duke Power Co,,
common.;,#
6%
1
$1.62 V2
(quar.j_
Dow Chemical Co., common-——
$4 preferred A (quar.)—
Electric
6-5
7-25
6-15
40c
! 5-31
25c
B
$1.25
(quar.)
(quar.)
B
Hubbel
6-10
2c
$37V2c
(quar.)—12Vic
common
National
62 Vic
5-31
50c
„
Eaton
7-
6-17
1
6-10
4Va%
6-28
1
$1,121/2
—
Corp. (initial)
Ice Cream
(quar.)
Doehler-Jarvis Corp.
I
Dominion Glass, Ltd., new com.
(Initial)!"
7%; preferred ($20 par) (Initial quar.)..
Easy
I
6-15
Dewey & Almy Chemical, class B
Malleable
8-
7-
30c
Detroit Steel Corp..
Dixie
5-15
Hutchinson
$1.25
;
Denver Tramway Corp., 1st pfd."
Detroit Harvester Co., new com.
6-
Co.,
preferred
7- 2
Honolulu
v
pfd.
75c
25c
6-14
,
6-15
6-10
(quar.)_
(quar.)
National Oil Products (increased)
*
6-29
25c
;
No-Sag
Northern
Hoover
7-15
1
(quar,)_
David & Frere, class A (quar.')„s
Dayton & Michigan RR., 8% pfd. (quar.)—
De Long Hook & Eye—
—
_
Delaware Fund Inc. (quar.)
—____„
Eastern
1
45c
&
6-10
6-10
Hoskins
8-
7-
(initial)^.—
Corporation
7
2;
.
-
6-20
6%
2
50c
^ "
IOC
Hollinger Consolidated Gold Mines——
7
6-
$1.75
(quar!)".—IIIIIHIIIII
preference
6-10 '*
Dairy
7
Extra
$1.50
2
80c
6-
:
National Lead
7-
Home
7-
Box Co., commons
6-15
-
Homestake
J44c
3
8-
6-15
6-29
6-14
1
7-
(quar.)
Crosley Corp. '———
;
Crowell-Colliey Publishing----
Inc., 6%
6-
6-28
7-
$25c
(accum.)_.—-
Pa.)
$4.50
America,
1
25c
pfd.
$3
6-28
6-
7
$1.25
6-15
$$1
$62>/aC
6-10
6-25
4
6-
Welding Machine
6-29
New
Hinde &
6-14
20c
preferred (quar.)
Continental Gin Co. (quar.
Cooper (Peter) Corp., 6Vi% pfd. (quar.)
Crane Company common (quar.)
preferred
1
3
7- 2
(quar.)__
6-29
—
7-
$7 pfd.
6-29
(qtfar.)
$1.75 ,
25c
Co., new common (initial)50c
•v
Hershey Creamery Co., common (quar.)
7% preferred (s-a)—_—,
$3.50
Heyden Chemical, 4% preferred A——
$0.2555
4%
preferred B———
$0.2555
3%% preferred A (initial),
1
1 )0.29167 #
7
7-15
$1.37%
(s-a)
(Reading,
40c
7
6-
7%
6-
$50c
.......
$1.20
■
Hercules Powder
6- 5
25c
—
6-
6-14*
6-20
7%
6-
6-28
National Gas & Electric
Corp..
National Grocers Co.,
Ltd., common..;
Extra
6- 4
t
6-28;;
7-
Helme
5-25
6-20
6-20
Corp..
Consumers
6-22
20c
Hearst Consolidated
6-12
6-14
6-11
(quar.)
Electric
6-30
6-28
—
National Folding
Common
5
-
6-25
30c
Extra
6-15
6-12
—
Consumers
7%
7-
6-29
30c
Steel
27140
(quar.)—
Works
4%%
5-28
7-15
75c
6-10
6-10
;
(quar.).._
common
34% c
Co
Class
6-26
6-
1
100%
——
Harnischfeger Corp.,..common (quar.)
5%
preferred
(quar.)—
5% 2nd preferred (quar.)
Harrisburg Steel Corp. (quar.)
Hart
(L.)
& Sons (quar.)
Hat Corp. of America, class A (s-a)
6-17
7-1
Ltd.I~cfass~ A "(interimjZZ
Consolidated Press
$12
(quar.)
5% preferred (quar.)
preferred (quar.)—
Co.
Coal
7-
preferred
National
5
6- 5
$1
6-3
15c
$1 partic. pref. class A (quar.)—
Consolidated Edison Co. of New York, Inc.—
$5 preferred (quar.)———
Consolidated Grocers Corp., 5% pfd.
(quar.)
Consolidated Investment Management
(s-a)
Draper
6-10
25c
-
6-14
Co.
Extra
6-20
6-29
40c
(quar.)
Corp.
2yac
6.
15c
5-28
Corp
Solvents
5%
6-14
$1.75
Class
6-17
Commonwealth Investment Co. (Del.)——II
Consolidated Chemical
Industries, Inc.—
Donahoe's
7- 2
National
6-15
6-20
30c
Coal
m:;. Extra
District
2
6-26
Chemical
RR.
7
$1.75
City Investing, 5Vi% pfd. (quar.)
City & Suburban Homes (s-a)
Air
7-
National
5
25c
Printing Co. (quar.)_.
Haloid Company
(quar.)
*
Hancock Oil of Cal., class A
6-20
$1.75
-
preferred (quar.)——
Chickasha Cotton Oil (quar.)-'—
Delta
6-
5
6-
100%
.(S-a)
Machine
(W.
1
$1
Casket Co.,
6-
(Indiana)—
J,),
Knitting
Hall
7-
6-14
1
Casualty Co. (Detroit) (quar.)—
Discount
Corp. (quar.)—'
6-15
6-15
Co., 7% preferred (quar.)State Co., 4% preferred (quar.)
6-20
12%
$7
Delaware
2
6-29
(quar.)
Chesapeake & Ohio Railway (quar.)—
Chicago Dock & Canal (quar.)
Chicago Towel Co,, common
Power
7-
12%
Central Patricia Gold Mines Ltd.
Delaware
7
$1.25
———
common
8
6-
25c
•
New
6-
$37c
-
of
7-
7-1
t$i.25
;
-
Creameries
2
7-2
7-
37%c
National
Co., Ltd. (quar.)
Greyhound Corp. (Del.), common™
414%
preferred (quar.)
Group No. 1 Oil Corp
Gulf Power Co., $6 preferred (quar.)
6-14
7-1
$$2
<
Molybdenum Co.
Brewing
Corp., $1 preferred
Greening
6-14
'
m
Indemnity Co. (s-a)—
Canadian Oil Cos., 8% preferred (quar.)
t.v 5%
preferred
(quar.),
Capital City Products (quar.)ia^_—
Capital Wire Cloth & Mfg. Ltd.—
; i $1.50 convertible
preferred (quar.)
Carey (Philip) Mfg., common
'•
5%
preferred
(quar.)
Carreras, Ltd.—
M Amer. dep. rets, for A
ordinary
Amer. dep. rets, for B ordinary
Case (J. I,), common
7% preferred (quar.)--;
Central Paper Co. (quar.)
Consumers
1
7- 1
4$2
Canadian
Consolidated
7-
Breweries, Ltd.,
preferred
(quar.)
7%
5-20
6-28
12Vic
Corp
National
6-15
#7*1-;
5-30
I1—
6-15
'
5-20
$3
—
1
-
t$1.25
Canadian Cottons, Ltd., common
M 6%
preferred
(quar.)
1
Co
7-
Grand
6-15
7-
$1.06 V*
•#. 5% non-cum. preferred (s-a)Insurance
1
6-15
75c
(s-a)
——
Clinchfield
7-
10c
Burlington County Ry.
Canada Dry Ginger Ale, common
$4.25 preferred (quar.)
Canada Steamship Lines, Ltd.—
Brothers
Nash-Kelvinator-
25c
5% class A preferred (quar.)
Rapids Varnish Corp
Grayson-Robinson Stores
(quar.)
Green; (Daniel) Co.—,
6-14
&
7
5-20
v
5-30
$20c
Narragansett Racing Association
6-15
Goodyear Tire & Rubber (Canada), common
5% preferred (quar.)
s
Graham-Paige Motors Corp.—
6-L4
$1.50
E.)
7
6-
5-30
7
6-
&
40c
(quar.)
(quar.)..
6-15
25c
Globe-Wernicke
3
6-
(F.
preferred
1
;
Globe
6-17*
6-13
Myers
6%
6-
1
$$1.37%
7-
quar.)
5%
Alden
System,
6-15
1
7-
100%
(quar.)
7-1
Refractories
Golden
6-17*
1
28VeC
Mills
Camden &
Fire
1
7-
15c
Co.,
Cotton
7-
50c
convertible
Commercial
1
Glen
Mutual
5-31
(Michigan)—
Paint
Gisholt
1
50c
Burgess Battery Co,_
Bush (The)
Manufacturing—
California
6-19
preference
common
37 Vac
(quar.)
(quar.)
common
$1 convertible 2nd preferred
Precision Equipment
5-31*
90c
—,—
25c
L;',;;:
f:
6-15
Ltd.,
i-:-' 6-16
7-
40c
—
1
6-14
1
7- 1
:
$20c
——
28V*c
General
6-19
Murphy Paint Co.,
5V2%
sc
—
(initial).
6% preferred (s-a)—
Mueller Brass' Co.—/
7
Field"
Mills,
General
7-
Stock dividend
Works
5
6-
S 7-15
$1.75
Locomotive
7-
6-20
7- 2
7-
50c
(quar.)
6-18
1
7-
25c
Morganton Furniture, common (s-a)—
6-15
6-15
quarterly
Electric
General
6-14
5-31
5-31
7- 2
6-
dividend
Industries,
6-14
6-15
20c
Co
Bush Terminal
Bush Terminal
6-29
6-29
6-15
6-18
:
$2
—
General
General
Montreal
2 Vic
General
6-14
$1.25
Buffalo Niagara Electric, 3.6% pfd.
(quar.U
Watch Co. (increased quar.)
Clorox
6-29
$1.50
Bullova
Climax
7
5-29
15c
(quar.)-
Canadian
1
6-
3
75c
$5 prior preferred (quar.)
Brown & Sharpe Mfg.
-
6-
6-20
35c
Brown-Forman Distillers Corp.,
4Vi%
6-15
6-17
2
American Corp.
(quar.)
Candy Corp. (quar.)
General
.6-29
6-20
A pfd.
preferred (quar.)
Corporation (quar.)
Garrett
5-22
6-
$1.37 Vi
Gas Light Co
Bristol Brass Corp. (quar.)
Extra
5-28
5%%
7;;
6-20
6-10
:
7- 1
87y2o
5:
6-
6-25
.
50c
Bridgeport
Budd
3
5
6-
50c
...
Brager-Eisenberg (quar.)
Bridgeport Brass, 5%% conv. pfd. (quar.)_
.
6-
6-20
1
6-15
$3.50 preferred (quar;)...——
Montgomery Ward & Co., com. (quar.)
6-
7-25
20c
7-15
$1.20
6-12
30c
6-28
Birmingham RR„ 4% pfd. (s-a).
Assurance (Mass.) (s-a)
Chemical Co., common
$7 class A
'
.
/6-15
7- I
$1,50
Life
6-22
$40c
(s-a)
(A.
General
v.:
1
6-15
7-
(quar.)
25c
—
6%, convertible preferredFresnillo Company
(irregular)-—
Fundamental Investors, Inc. (stock dividend)
Gair (Robert), 6% preferred (quar.)
Garfinckel (Julius) & Co., common
(quar.)_
Special ——i.--——
1
30c
$1.50
Corp.,
Brewing
(increased
preferred
Frieman
1
2 Vic
;
,
preferred
5%
5-31
class
liUxe
Stock
v
.
Co.,
preferred
,
&
Monroe
6- 24
../J,..
preferred
Wheeler
De
Increased
5-31
6-15
Kleiser
Preferred
5-31
2 Vic
common (quar.)
(quar.)
Bliss (E. W.), $2.25 conv.
pfd. (initial quar.)
:?Bobbs-Merrill Co., 4Vi% preferred
(quar.)__
Bondholders Management, Inc., ci. A (s-a)h Boston Garden-Arena Corp., $6
6%
f
"Marshall
see
$8
(quar.).
5c
15cv
Power,
6-15
1
25c
common
$60c
(annual)-.
7-
Corp._
25c
Corp
7- 1
$156
10c
)
Ltd.
convertible
Fox De Luxe
5-18
■
Gas
Mobile
6- 3
;;
$1.75
of*—.
6-36
.
$15c
Corp.
;
Common
6-10
2
6-
Fox
6-10
2
7-
$1.25
Black-Clawson Co.,
#
I
1
$$1.75
._#■
Mfg.™.
Benton Harbor Malleable Industries
m Extra
7-
$$1.50
quar.)..
(quar.)
Bishop Oil Co.
G-20
50c
(incrd.
com.
6-12
Industrial
Foster &
5-31 >
7-1
t20c
8c
4 Va %
1
6-
&
(Marshall)
Foster
(quar.)
Belding-Cortlcelh Ltd.,
15c
Mississippi
Monarch
Fund, Inc
Fort Wayne Corrugated Paper Co.—
Common
(quar.)
■'
# 8- 1
Mining Corp. Ltd...
Belknap Hardware
n»«cifss, 'A,
$1.20
—
Field
$ •'H-7--1
25 c
Co.
6-1
Truck .Co.
Water
Financial
$1
__
Beech Creek RR.
6-15
West
Manufacturing,
Jioumm
Payable
fil.OiB'A
,
10c
Canadian
Brewing Co.,
e- 3
$2.50
-t
Motor
6-10
.
Automobile Insurance Co. (Hartford)—
:
Miller
6-14
.
Fidelity Fund, Inc. (quar.)——
Fiduciary Trust Co——_r—
6-14
6-24
100%
_
J
Players
•Extra
6-10
6-28
#15c
'
Z_
(quar.)
Associated Dry Goods (stock dividend)
Atchison Topeka & Santa Fe
Ry. Co.—
5% non-cum. preferred (s-a)
Atlantic Greyhound Corp., 4%
pfd. (quar.)
Automatic Fire Alarm
(quar.)_
Quarterly,
Middle
6-14
1
Farrell-Birmingham Co.
Fedders-Quigan Corp.
$7
Arnold
;
6-14.
7-
$1
Company (quar.)___
!
Engine & Airplane Corp.—
$1
Stamping Co. (irreg.)
ZZZZZZ
American Tobacco, 6% preferred
(quar.)
Ampco Metal, Inc.
;
(quar.)
Arkansas Fuel Oil, 6%
pfd.
Constable Corp,
7-1
7- 1
Fairchild
6
v
$1.25
;
50C
preferred
American
6-15
When
share
<
(quar,)..—
Meyer-Blanke Co., 7% preferred!.
Michigan Associated Telephone—
: 6 % preferred (quar.).
$1.37'/a
(quar.)
Par
If ameof Compang
.
,
Marshall Eield & Co., 4V!i%,
pfd.
5-31
7-1
50c
v
•
+
5-31
6-10
$1.50
25c
..•Vr 7%
6-10
25c
(quar.)
$1.12'/a
(quar.)
Saiety Razor Corp. (quar.)
Ship Building Co. com
American
1
'
25c
$2.50 convertible preferred
4Vi% convertible preferred
American
Republics Corp
American
Exolon
of Reo.
'6-20
"
preferred
Erie Coach Co._^_,
(s-a)
Hoiaere
Payable
$1.60
8%
1
$1,50
_
(quar,)._
preferred ■ (quar.)
Engineers Public Service, $5 pfd.
$5.50 preferred (quar.)
When
Per \i
Share
«
Williamsport Ry., 7% pfd. (s-a).,
Drug Co.* class A (quar.)
Ciass B
6-20
25c
•
prefer-recL™
&
Ml
Name of Compang
6-20
$1.50
,(quar.)_.
Metals
#
'r
of Rea.
I2%e
(quar.).;
Hardware
;
7
tiame of Compang
,
American. Hair & Fejt, eommnn
(guar )
6% 1st preferred (quar.
& Williams, Inc.—.—-——
Manufacturing Co
Scovill
—
—
' 7-15
50c
40c
,
6-21
7^1
$75C
50c
237/lOc
6-10
v
6-1
5-20,
6-13
7- 1
6- 6
6-15
jfi*
3038
THE COMMERCIAL & FINANCIAL CHRONICLE
Per
:
i
•
"t
:•
name of Comvanv
,
Share
3.35%
Electric,
Selby Shoe Co.
preferred
South
South
Porto
8%
•••
*«,;
Rico
preferred
6-14
25c
6-29
6-15
6-29
6-15
American
7-
6-
4
American
1
.
5c
.
40c
(quar.)—
Electric
(quar.)
Cyanamid Co., common (quar.),,
5%
preference (quar.)
American District Telegraph Co. (N. J.)—
Common
(quar.) ;
5%
preferred (quar.)
5-31
"
1
5-31
6-28
Co.
(quar.)
6-14
1
6-12
1
6-12
6-20
American
6-20
6-
6-15
5-29
1
6-14
7-
37V2c
6-29
6-12
6-
J60c
6-1
7-1
6%
5-15
30c
5
6-
6-
1
1
6-10
6-30
6-10
6-10
6-
5
$1.50
6-10
6-
3
Co.,
Tpdd Shipyards Corp.
._
General Trusts
Toronto
Tuckett
Union
Tobacco,
Carbide
Carbon
&
5
6-24
6^14
7-a
6.
(Mo.), $5 preferred-,,.-:,.
Mfg. .Co., common (quar.)
$6, preferred
(quar.)
United Artists Theatre Circuit¬
s'?^, preferred
United Carbon
6-22
6-12
8/1000th
share
products
common
United
Fruit
of
Co.
Westvaco
6-15
(stock
trust
certificates
Wagner Baking Corp.,
Oil
&
Special
■j.
6
guaranteed
&
10c
(stock
$5
dividend)
$4,25
6%
7-
1
6-
1
7-
1
$1.50
Co
1
6-29
$1.25
— ,,,
7-
7-
1
50c
6-10
6-
7-
1
6-
1
6-
7
45C
6-
1
5-27
(initial)
Inc.,
Investment
Wiser
Co.
Oil
$1.06%
.
7-
1
1
Co
8c
(quar.)
Extra
25c
World
Investment
,*! York Corporation
Zeigler Coal & Coke
7-
1
6-14
6-29
6-20
announced
this
7-
Co.
Co.
preferred
Co., common
(quar.)
RR.
Co.,
Adams
(J. D.)
quar.)
50c
6-12
5-29
15c
),,,„—«^
7-
6-21
Barber-Ellis
1
6-29
6-15
6-20
Bamsdall
Aero
Supply Manufacturing Co., Inc.—
$1.50 class A (quar.),,
Aetna Ball & Roller Bearing com—
• • 5%
convertible preferred (quar.).
25c
6-15
6-
1
$$1.75
?; 7% preferred (quar.)
Agricultural Insurance Co.
7-1
5-31
Class
(N.
Y.)
Extra
Ainsworth
Manufacturing
Quarterly
/'
Air
Associates,
Alabama
Corp.
(quar)
6%
(quar.).;
Southern RR.
Great
(resumed)
participating preferred
Alabama Power Co.,
Alaoma Steel Corp.,
5%
preference
Alles &
Allied
& Allied
~
America,
Box
American
Note
Chain
,A
6-
Board
.'
*•-
•
1
in,
nm
*
6-if
6-
8
5-20
7-20
■; 6-27
Co.,
$1
6-29
6-10
6-12
5-22
7- 1
(quar.),,.
6-
5-22
r-
5
5-11
$30c
7- 2
6-
7-
75c
6-14
1
1
6-
7.
1
6- 6
6
7-1
6-15
5-15
6-15J
6- 3
; preferred (quar.),,^—$1.25
6-13
6-
5
$l
6-13
6-
1
:
50c
6-1S
$1.25
6-15
6%
preferred (quar.),——,—$1.50
American Cities Power & Light, $2.75 class A
- •
«• *
6- 1
6-29
6-15
—
American Cigarette &
Cigar,
common
683Ac
25c
6-15
5-31
4%% preferred (quar.)..
American Crystal Sugar—
56 %c
6-15
a mi
preferred
;
'
''
(final
■
;
-
quar.)
'-'-■v■' ■'/
,
:■■
■
$1.50
■
7-
.
*
1
?
7- 1
-"/'-...'.v.'
6-10
<
6-17
5-28-
6-14
5-27
(F.
E.)
Boston
7- 1
6-
$1.50
(quar.)
Brockway
Motor
7- 1
6-10
7- 1
6-10
7- 1
6-
Central
7-
1
6-14
5-31
6-15
Storage
preferred
5-15
6-20
10-
9-20
1
8-
1
7-20
11-
1
10-21
6-
7
5-27
$1
7- 1
6-15
7-
1
6-15
7-
1
6-15:
$1.50
60c
$5.25
7- 2
10c
6-20
6- 5
30c
6-15
6-5:
6-15
>
6- 1-
6-
3
40C
^
Jt.
6-15
1
6-20
$1.50
6-15
5-20
$1.50
6-15
5-20
6-
5-27
7-
$1.12%
>
Service—
West
25c
Utilities
7
If'
Co.—
$1.75
6-20
5-31-
$6
preferred
(accum.)
$1.50
6-20
5-31
75c
6-20
6-10
27c
6-15
5-31
7-
1
6-15
15c
6-15
6- 1
15c
6-
1
5-20
7-
1
prior lien
Central Steel & Wire, 6% pfd. (quar.)
Central Vermont Public Service—
1
Common
(quar.),—
preferred (quar.)—
4.15%
.Century Ribbon
New
$1.04
Mills—
(initial quar.),
common
Certain-teed Products Corp., com.
6-1
4'/a%
prior preferred
7- 1
6-15
Chamberlain Co.
5-31
Champion
7- 2
6-14
7- 2
6-15
5-31
7- 1
6-
(resumed)
(quar.)
6-14
$4.50
Gai
1
1
—
(quar.)
7- 1
6-
t$2
7-15
6-22
Chestnut Hill RR. Co.
Chicago Mill & Lumber Co. (quar.)
Chicago Rivet & Machine
Chicago South Shore & South Bend RR.—
Quarterly ,———
Christiania Securities Co., com. (increased),
7% preferred
(quar.),
Chrysler Corporation
C. X T; 'Financial Corp. (quar.),.—
50c
6-29
0-
8
6-14
6-
3
$1.25
6- 3
5-23
7- 1
$1.75
$1.50
-
40c-
.6-
7
6- I
6-11
6-28
•
6-15
6-
6-10
~
15c
$1.50
(quar.)—
6-20
7- b
6-15
5-13
Cincinnati
5%
6-14
Stamping
City Icq & Fuel Co
6-15
5-31
Clark
7- 1
6-14
Clark Equipment Co.,
1
City Auto
7-15
7-31
7-31
7-15
6-12
5-31
7- 1
7- 1
6-15
75c
5%
Controller
preferred
Cleveland
(quar.)
Brooklyn Borough Gas Co., com. (irreg.)
Brown Shoe Company, $3.60 pfd.
(quar.)^,
5-27:
$1.75
7-" 1
75c
6-14
5t18
7- 1
6-10*
50C
;<
;
9
$1.25
a
^1'
6-20
8- 2
8-15
6-15
6-
6-14
7-6-29
;m
5-31
1
75c
1
y, '■
6-14
5-31
'yy
6-15
v
30c
5-28
6-
6-15
5-28
7-
1
6-
5
7-
1
6-
5?-
6-U
$1.25
50C
——
$1.12%
3
Cleveland
Cleveland
6-10
Cluett, Peabody & Co., common (interim)
7% preferred (quar.)—,—
6-
1
6-
Is jfr*]
6-
5
6-20
6-10
6-25
6-11
$1.75
7- 1
6-17
Coca-Cola
6-10
5-25
6-15
5-31
—
/
6-11
•/
yy
yy
Coast Counties Gas & Electric—
5-3
;•
25c
$2
6-20
6-10
yy
6-15
$1.25
——,—
Mills
6-
;
50c
preferred (quar.)
Quarries Co. (quar.)
6-15
'
50c
common——
5-29
1
5%
1st
preferred
31'Ac
(quar.)
,
*
6-15
75c
;7-
1
$1.50
7-
1
$5.60
7- I
$3
Company, common (quar.)
$3 .class; A^• (s-a),—,,,—-,-4.,—
Coca-Cola International Corp., common-
7- 1
5-25
:
6-13
'
6-
1
Class
A
7-15
7-
6-15
5-15
J25c
7- 2
;
«-
1
b
0-11
6-11
5-28
10c
6-15
5-31
50c
6-15
6-J
0Oo
7-31
7-15
Coleman
4'/4%
(s-a)————
Plow
Co., Ltd.
(s-a)„
$25c
—
12-
1
6-13
6-13
6-13
11-
1
20c
6- 7
5-31
53 Vhc
Company, common (resumed),
preferred (quar.)_r___
6-12
5-31
Colgate-Palmolive-Peet Co.—
5-28
$3.50
preferred
87 %C
Ice Co., $7 preferred (quar.).,
preferred B (quar.)
Columbia Broadcasting, class A
$6
Class.. b
—■—■—
.
6-29
6- 8
$1.75
7-
1
6-20
$1.50
(quar.)—
Colonial
-
:
1
>
—
_w
5-31
50c
(quar.)
6-
6-15
Illuminating-
6-
?25c
.
5-25
6-15
■
.
—
7- 1
■
6-15
6-15
$32
(quar,),,
6-28
•
5-20
6-29
■■
5-31
4
15c
7- 1
•
6-24
6-
35c
—
common
(quar.),
(quar.)
Worsted
5-315
5-18
40c
Cleveland
5%
6-24
30C
*
6-15
:
933/4C
(quar.)
Pacific
6-29
;
6-14 "
20c
—
.
6-10
$1
(quar.)
Texas
preferred (quar.)
Graphite Bronze,
$4.50
1
30c
4.
(quar.)
(quar.),—
Co.,
Electric
Common
&
(quar.)Ry. Co.
6 25
35c
$1.12%
$1;
$2.50
Street
7-
50c
—.-
Orleans
New
preferred
5-18
7-
15c
(quar.)—,
.
Cincinnati
6-12
1
6-14
6-14
75C
—
6-29
$1.75
$2.50
(accum.),,
——
-
1
$1
62Vie
(quar.)
•y
7-
3
50c
(Initial quar.).
$25c
25c
5-22
45c
(quar.)
Chesebrough Mfg., new com.
Extra
6-10
$25c
Trust
&
6-
5-22
$15c
<—
Bank
6-14
6-10
$1.12%
Wines
•;
6-10
15c
(quar.)
com.
25c
25C
Fibre,
Extra
Chemical
6-
America
&
preferred
Chateau
5
of
Paper
}
>V
$1.12%
Extra
7- 1
■*
| * ■;
(accum.)
Cockshutt
Co.
1
preferred
6-15
(quar.)—.
(s-a)
Iron
6-21
7-
$1
(quar.)
(quar.)
Central & South
5-31
6- 8
*
Co.
1".
5-31
1
Illinois Light—
4%%
6
50c
(E. & G.)
Cold
J50c
Extra
Brooke
Central
$1
pfd.
Note
6-10
7-
—
Carthage Mills, common (irreg.)
6% preferred A (quar.)
6% preferred B (quar.)
Cassldy's, Ltd., 7% preferred (accum.)—„
Catalin Corp. of America (quar.)
Central Bag & Burlap Co. fquar.)
4
6-15
(quar.)
—;
Bank
2
6-15
15c
25c
Carpenter Steel Co. (increased)
6-11
9-10
7-
J
1
$1
7- 1
12-10
I
5-29
6% preferred (quar.)
$6 preferred (quar.)
Central Ohio Steel Products,
10- 1
>
6-14
$1
6-12
1-2-47
;
6-28
7-15
25c
6-29
5c
preferred
*
6-
Common
(quar.)
4% preferred (quar.)
4% preferred (quar.)
Central Illinois Public
Ry. (quar.)
$1.25
Boston Wharf Co. (irreg.)
$1
Brach (E. J.) & Sons
(increased quar.)
50c
Brazilian Traction Light & Power Co., Ltd.—
:
Ordinary; •
•$$t
Breeze Corp., Inc. (quar.),.—40c
Brewing Corp. of America (quar.),—
62Vic
Briggs & Stratton Corp., new com. (initial)
25c
partic.
5-31
7-31
-
$25c
6-14
Elevated
3%%
1
$7 prior lien
,
British-American
7
6-20
Carpenter Paper Co., common (quar.)
50c
pfd.
7-
$37 %c
5-31
8%c
RR.
Bristol-Myers Corp.—
6- 7
6-29
—
7- 1
75c
$3
7- 2
12c
(accum.)
6-10
8%c
Inc.
Albany
A
83/4c
(quar.).
—
Inc.,
6- 7
$37 %c
(quar.)
50c
—
Co.
&
B
50c
.t
common
British American Oil
(opt.) jl6th of a sh. of cl. B stock or cash
American Colortype Co., common—.
5-21
6-10
Cement—
Borne-Scrymser Co.
7-
6-15
;—
preferred
Booth
Boston
50c
Extra
4%
1
Inc.,
Bornot,
6-21*
5-31
class
20c
6%
6- 7
6-
2
$$1.75
20c
Co., class A (quar.)
(quar.)—-——
Stores.
5-15
$4 35
common.
Ami
Class B
6-13
75C
Co
Cable,
.
6-10
35c
&
pfd.
Company
6-27
j
6-12
(quar.),
preferred
70c
7.
5-16
quar.)
Blumenthal (Sidney), 7% preferred (quar.)
Bohack (H. C.), 7% 1st preferred (accum.)',
Bohn Aluminum & Brass (reduced quar.),,
Bond
1
25c
preferred
Limestone &
50c
$1.75
common
/:
Bon
6-15
6-13
tlOc
vBlock Brothers Tobacco,
5
15c
6-12
$1.50
Class
$50c
Corp..
2
2
$$1.50
$$1.50
—
Cannon Shoe Co
1
6-29
(quar.)
Canadian Malartic Gold Mines (s-a)—
Canadian Silk Products, class A (quar.)
Canadian Wirebound Boxes, Ltd.—
7
10c
(quar.)
B
(quar.)
preferred (quar.)
7%
7
6-
6-12
;
preferred (quar.),
4 Blaw-Knox
,
$$2
66-
50c
4;Blackhawk Brewing Co.,
6-10
$49c
6-15
6-29
6-29
37J/2c
7% preferred (quar.)
Birmingham Water Works, 6% pfd. (quar.)
Black & Decker Mfg. (quar.),.
5-15
50c
6
$1
Bethlehem Steel Corp..
6- 7*
25c
preferred
6%
6-14
50c
(quar.),
Bessemer
i
0-
1
5-16
(quar.)
(quar.)
Brewing
$5 conv.
•'
7- 1
1
A
Electric
Class
Berkshire Fine Spinning Asoclates, Inc.—
7
7- 1
40c
.American Chicle Co. (guar.
;■
7-
$1.50
common
6% preferred (quar.)
American Bantam Car, 6%
American
5-27
II—
i.j..
<5
6-27
Class
1
6-13
:,.J
preferred
Berghoff
5-27
25c
!
5%
>31
6-27
$$2.50
c,
preferred
Bank
6-8
5-23
6- 7
6-29
(quar.)
Bell Telephone Co. of Canada
Bendix Aviation Corp
•
^
•-
Amerex Holding Com. (increased
s-a),
American Agricultural Chemical
(Increased)
American Car & Fdy.—•
American
9-20
7-
7-
Industries, Ltd.—
50c
(interim)—
Common
7
7-
125c
(quar.)
Canadian
10c
Co.
6-
$5c
pref.
Canadian Food Products, Ltd.,
Class A
(quar.)
$1
Packing
2
$15c
110c
(quar.)
conv.
6-15
Belgium Glove & Hosiery Co. of Canada Ltd.
6-20
$1.05
(initial)
Inc.,,
non-cum.
7- 3
10-5
$3.50
(resumed)
Aluminum Industries, Inc. (quar.)
Aluminium, Ltd., common (quar.),,.
Amalgamated Electric Corp. Ltd. (s-a)
Amalgamated Leather, 6% preferred (quar.)
7%
6-15
20c
6% preferred (quar.),,.—
Aluminum Co. of Canada, 5%
•:;s
7- 1
-v
Allied Stores* common
(increased)
Alli6-Chalmers Manufacturing (quar.)
Alpha Portland Cement
of
6-15
$3.50
(s-a)
Laboratories
Aluminum Co.
i
20c
Co.—
$.20% pfd.
Ltd.—
Fisher, Inc..,
Mills,
7-
■> 20c
Inc.
Ordinary
•■y
75c
25c
(quar.),
B
7-
6-28
Co.
Brummell Ties
Beau
5-31
$31%c
—
1
7-31
Works
Beech-Nut
1st preference
(increased)
com.
6-30
20c
Refractories
5-31
*
Canners, Ltd.,
7-
5-31
(quar.)
Iron
5-31
6-15
6-15
Lines—
(init.
Bayuk Cigars, Inc. (quar.)
Beatty Brothers, Ltd., class A
6-15
$31 Vic
1
25c
Bath
7-
7-
$12V2c
1
Agnew-Surpass Shoe Stores—
7
1$1
$25c
General
45c
6-14
5-31
(increased)
Canadian
$1.75
6-
6-15
(quar.)
6-15
$2.50
pfd.
7- 1
6-15
$$1.62%
(quar.)
6-29
$1.25
6-15
6-20
2
Participating
Co.—
37%c
7-15
1$2
$$2
(reduced)
Basic
—
6-20
$$1.75
5-31
$2
Canada
Co.
5-15
7-25
1
common
15c
m
r
Oil
5-15
6-15
115c
2
$1.25
Extra
7-10
6-15
150C
i
1
7-
$12 Vic
20c
25c
Manufacturing Co. (quar.),,
Addressograph-Muligraph
of
Co.
150c
•'
"
7-
Y.)__r
(quar.)
Asphalt Corp.
6-10
125c
$20c
5%
Barber
6-
6-28
$75C
(quar.).
(increased),.
(N.
6-15
150c
Forgings, Ltd.—
$12 Vic
93%c
Refining Co. (quar.)
(reduced)
Automatic Signal Corp.
(resumed)
Bankers Trust Co.
6-14
6-14
(quar.)
B
(
1
6-
6-29
6-29
common—
(quar.)
Powder Co.
5-20
6-20
120c
t$1.25
Co., Ltd.,
.
5-22
(quar.)
25c
Atlantic
6-10
6- 5 HJ*. ^
(quar.)
25c
preferred (s-a)
6-15
2
6-20
com.
(initial),
—
7-2
7-
Foreign Investment Corp.
tlOc
preferred
preferred
m.12%
(quar.),,
Canadian
—
Line
7%
5
1-21
5-
7%
6-
7-20
6-
Bangor & Aroostook RR.
2
10-22
6-11
Atlantic Coast
7
&
preferred
A
5%
6-15
ol Bee.
5
7-
(quar.)
60c non-cum.
4-30
Steel, 7%
(quar.)
;
(quar)
6-
8- 1
$1
Porcelain
2
7-
11- 1
7- 1
Baltimore
6-15
5-28
7-
25C
$1.50 1-31-47
6-3
Bolder*
1
6-12
110c
$1.50
(quar.)
Works
11-30
$1.50
com.
pfd,
12-10
34%C
Participating
6-29
4%
"
8-31
50c
Northern
Canadian
4
6-15
Acadia-Atlantic Sugar Refineries, Ltd.—
A pref. partic. (quar.)—$25c
6%
preferred
(quar.)
——$$1,25
quar.
6-
15c
Locomotive
A
Class
6-22
6-26
50c
Inc.
v
9-10
137%C
pref.
Class
6-22
7- 5
(Conn.)
gr Class
7- 5
$1.50
Foods,
1st
F.
6%%
7-12
1
50c
Co.
Payable
8-
6-15
Avon Allied Products,
■?
1
6-10
162 %c
preferred
Canadian Breweries
6-
-Atlas
1
6-
1
50c
Power, common (quar.)„
7% preferred (quar.)
Canada Permanent Mortgage Corp. (quar.),
Canada Wire & Cable Co., Ltd
5
$2.25
Line
yKywnen't
6-
6-19
non-cum,
6-
7-
(quar.)
(quar.).
Foundries
Canada
5-31*
1
1
preferred (quar.)
Bangor Hydro-Electric, 6%
7%
preferred (quar.)
(Increased
6-21
7-
7- 1
Inc.
7-
$1.75
6-15
7-15
Adam Hat Stores,
12'/2c
6-29
$i
Co., (Increased
6-17
$3
6-
Acme Steel
7-15
25c
6- 7
\'S
$2.25
$1.25
6-29
(quar.),.
5-24
(s-a).
6-29
preferred
1
6-
5%
6-10.
6-15
50c
Canada
6-19
preferred
6-20
6-15
(quar.)
53c
JQc
0 $4
3
7-
(quar.)
40c
.
6-
75c
Atlantic Coast
Share
(initial quar.)
com.
—_
6-14
$1.25
6-20
Per
Hame of Comvanv
—
3
6-15
5%
6-20 ;*
5-25 ?
45c
Machinery Corp., Ltd. (s-a),
Malting Co., Ltd., bearer (quar.).
Registered (quar.)
5*
6-
6-29
Baldwin
;
6-
6-14
$1
preferred
S.
Class
Smelting—
Prichard Oil Corp.,
1
50c
Canada
8
'7-2
25c
25c
«B/G
.'Extra
6-
$1.75
$1.25
7-15
?
Abbott Laboratories, new
1
(quar.),.
(quar.),.
(s-a)
Zinc Lead &
7-
6-15
f
25c
5-20
week, these being given in the
,
5%
'
*
25c
common
$2 preferred
Canada Cycle & Motor
1
$1
Surety
B
1st
Canada
(quar.)
1
*
;
5-15
6-15
we
preceding table,
4V2%
5-31
Stores
class
6-15 v
1 v
10c
(quar.)
Service
6-
•
IOC
_,
Canada Cement, 6%% preferred (accum.)— 1$1.62%
Canada Crushed Stone, Ltd. (quar.)
HOC
5-24
6-
1
(quar.)
Associates Investment
give the dividends announced in previous
weeks and not yet paid.
The list does not include divi¬
dends
5-31
6-29
10c
certificates,^,,,—
preferred
5%
6-14
7- 1
10c
(quar.)
Camden Forge Co., 5Ms% preferred (quaj:.),
Campbell Wyant & Cannon
Canada Bread Co., Ltd., common (annual),
9-
7-
Foundries
Atlantic Gulf & West Indies SS.
Below
$2
12-
10c
common.
$3
Extra
5-31
6-12
9-16
12-16
5
25c
...
Service
6-
25c.
.
6-
$1.75
15c
—
6-15
Sanitary-
15c
u
Callaway Mills,
-v
trust
Utilities,
(quar.)
5%,s,preferred
6-
(accum.).
$6 prior pfd. (accum.)
Armstrong Cork Co., common (interim)
$3.75 preferred
Asbestos Corp,
(quar.)
6-10
"
5-23
Armour & Co.,
6-10
6-29
J50c
certificates
Trust
1
15c
___.
Woodley Petroleum Co, (quar.),
Woods Manufacturing Co. Ltd. (quar.),
:7-
1
voting
6-15
1
6%
6-10
10c
^
—
6-29
6-
Common
$3%%
common—
(A. & G. J.) (increased s-a)
California Cotton Mills, new com. (initial)
50c
$5 preferred (quar.)
Arkansas-Missouri Power (irreg.)
Arkansas Natural Gas, 6% pfd. (quar.)
6-20
•
Pacific
7-
Arizona Edison Co., common
6-20
1
Ink Co.
Anheuser-Busch, Inc. (quar.)
(quar.)
6-20
7-
6-
Products,
California Water
Apex Smelting Co.
6-30
1
6-15
Electric
California
Arcade Cotton Mills, common
9-30
7-
75c
(quar.)
(quar.)
Wisconsin
7-15
10-15
30c
• common
preferred
preferred
25c
25c
:
-
Stores,
6-30
California
$1.50
414%
7
7-
5-15
7-30
100%
Caldwell
6-
Anderson
4
25c
$1.25
(quar.)
4-26
5
6-15
6-29
.
5
6-15
6-15
5
1
preferred (s-a)
Copper Mining
Anchor Post Products, Inc.—
6%
prior preferred
(quar.)
6%
prior preferred
(quar.)
6%
prior preferred
(quar.)
6-20
6-
120c
6-
7-
$4.50
5-15
40c
15C
$1.75
6-28
Anaconda
6-15
$1.50
Steel
Common
■4.
$1.50
(irreg.)
convertible
:Wieboldt
6-14
(increased),
$1.75.v-
$5 prior preferred (quar.)
Amoskeag Co., common (s-a)
5-31
"
•
6-
30c
5-24
1
1
i
$1.25
Rolling Mill,
50c
5
6- 5
7-15
$1.75
-
6-
6-10
1
$1.75
American
1
7-
1*
,5-31
.....
•
6-12
2
7-
5-28
'
6-12
1
7-
2
6-10
'
1
7-
6-29
7*
350
-
7-
7-
7-
7%
15c
7-20
1
6-
7
50c
1
6-10
6-
100%
Ry., common (s-a)_,
Timber
6-10
6-
6-
6-
6-10
Foundry, common....
20c
(initial quar.97V2c
Telephone and Telegraph Co.—
Quarterly
American Thread, 5% preferred (s-a)
American Woolen, 7%
preferred (accum.)
5.31
6-20
6-15
25c
Stores
Penn
6-15
50c?v
50c
-
American
6-21
50c
—
common
Corp.,
prior preferred
Whitin Machine Works
(quar.)
Wichita River Oil Corp., common
$5
6-28
*6-15
•' 75c-
5-17
U5c
Cable
■
(accum.).
American
6-15
(irreg.)
vtc.
%/M preferred;(s-a)
Weyenhaeuser
1
6-14
..
Extra
6
7-
7- 1
•
•
6-15
1
7% preferred (quar.)
Butterfly Hosiery Mills, com. (initial s-a>__
7%
preferred
(s-a)
5-29:
20p
1
6-20
6-
125c
Burlington Steel, Ltd. (quar.)
Burroughs Adding Machine Co.
5-31
6-12
6-
1
6-15
$1.75
(quar.)
Butler Water Co.,
(s-a)
Power &
7
15c
(s-a)
Department
Wheeling
66-
$2
Vest (Jersey & Seashore RR. (s«a) —
Western
6-18
6-28
6-14
Del.—
American Sugar Refining, 7% pfd.
American Sumatra Tobacco Corp.
4
25c
Snowdrift
Western N.. Y.
6-
25c
Inc. (quar.),,,
Victoria Bondholders—
Voting
6-25
Bullard Company
Burkart (P.) Manufacturing (stock dividend)
4
1
American
5-31
50c
Co
Veeder-Root,
Wesson
200%
6-
4-24
75c
preferred
preferred
American
!
Building Products, Ltd.
6-
6-15
7-
*
20C
(quar.)
5-15
7- 1
6-15
5-15
15c
5-31
6-30
6-15
$1.25
(quar.)
5-17
6-12
1
Oil
6-15
15c
Co.
Steel
Creek
6-15
64c
1
Chlorine
stock
dividend)—,,—
•..-U'iS freight Company (Interim)-—,-—
aU.) S. Guarantee Co; (N.
Upressit Metal Cap, 9% preferred (accum.)
Utah-Idaho Sugar, 60c pfd. A (quar.),,—
Utah Oil Refining Co.
(quar.),—,,,
Van ..Norman
6-
preferred
g-10
25c
6-15
7-
25c
Bucyrus-Erie Co., common,,,
7% preferred (quar.)
(special).
(quar.)
1
120c
40c
pfd. participating
American States Insurance Co. (Indianapolis)—
Quarterly
6-14
1
$5
0-15'
7-
(quar.)
Buckeye Pipe Line Co.
&
Co.,
!
(quar.)
Brunswick-Balke-Collender Co.—
Common
of Reo,
1
$1.75
Mills
Silk
Holder»
7-
87%C
(quar.)
5-17
(quar.)..
Common
6-15
75c
of
American
(stock dividend)—
Bruck
1
75c
American
7-
$1.25
(quar.),,
1
preferred
6-10
$1.183A
American Radiator & Standard
6-12
6-22
(quar.);
Co.
United chemicals, Inc.
When v
Payable
4
25c
$1.50
pfd.
7%
6-24
15c
5-31
Co
Paper Goods,
American
7
$1.50
—,
6-
6-15
(quar.)
(quar.),,,
Light, $5 pfd.
$6 preferred (accum.)
American Public Service, 7% pfd.
8
6-
Union Metal
6-15
6-12
(quar.)
preferred
7%
6-
75C
7-15
(Texas)
preferred
Machine
American
6-28
53c
preferred
American Meter
6-15
(quar.)
$1.25-
...
3.90%
7-15
15c
Corp.
2
7%
22>/2c
Paper,———.—:
&
Bag
7-
6-
(quar.)....
common
Corp.
prior
Co. com
preferred
(quar.)
7%
Leather—
&
American
$$1.75
Union Electric Co,
:
6-
t$1.50
(quar.)
preferred (quar.)
Ltd., 7% pfd. (quar.),,,
Tropic-Aire, Inc., 6%
Union
6-15
Electric
Drug
»
6-15
American
5-16
6-30
Shovel
Thomson
Thrifty
$1.25
Machinery
Locker, $1.50 class A (quar.),...
American Locomotive. Co., common....^i^
5
7% preferred (quar.)—,
$1.75
$1.25
Welding Co
t25c
Stores, Inc., common.-..—,,,
f:-a4%%
preferred (quar.).,
t$1.12%
50c
Time, Incorporated (interim)
Thew
Share
(E. L.)
Buck
American Laundry
7
6-
6-15
4
Bruce
25c
Corp.,
Insulator
Convertible
6-15
7-1
6-
convertible
American
■
50c
Hide
1
preferred (quar.)
American Home Products (monthly)
6-15
40c
American
7-
50c
com.
American General Insurance
American-Hawaiian SS.
$1.12
(quar.)
name of Comvanv
4
$1.75
Electric",
American General
8
6-
3Vi %
4%% preferred (quar.)
7-15
6-18
15c
Company
&
Gas
1
12y2c
$7 preferred (accum.)
American Fork & Hoe Co
7-15
10c
Steel Corp.,,,,,,
Company (quar.)
Per
0! Reo.
7-
(quar.)
7-
20C
Superior
Puyauie
25c
American & Foreign Power Co., Inc.—
$6 preferred
(accum.)
37 %c
„
(quar.)_
Monday, June 3, '1946
Boutert
30c
Export Lines
Factors, Ltd
7-
34%c
;
share
American
5
$1
Stecher-Traung Lithograph Corp.,,
Strouss-Hiishberg Co. (quar1,)—,
Stuart (D. A.) Oil Co., Ltd. (irreg.)^——
Texas
6-
$2
common
Springfield Fire & Marine Insurance Co.—
'Quarterly.
Thermoid
1-
Edison-~-
C
5% original preferred
Southland
Royalty Co
Sprague
6-29
(quar.):
California
5%%
35c
(quar.)
Sugar,
preferred
Southern
•
Corp.,
Co.
6-10
4
:
.
6-10
10c
Corp.
Oil
name of Comvanv
7-
100%
Tools
Penn
of Reo.
wnen
:
83 %c
dividend
Sonotone
per
12 %c
Shakespeare Company
Shuron Optical Co.
(quar,)
Snap-On
(quar.),
Holder»
Payable
■
'
Scranton
Stock
When
7-
1
6-20
40c
6-7
5^24
40c
6- 7
5-24
-•».
•-
.1
.Volume .163
^Number 4495
THE COMMERCIAL & "FINA1ICIA1.' CHR0NICI<1E5
Per
'
W&to* ty Cotnyatiii
Alcohols'Ltd.,
Common (quar.),
Commercial Credit Co.,
3.60%
preierred
the
? t
close
after
of
the
to
(quar.)
business
date
of
Community Public
the
partic,
7-15
14th
6-29
6-
4
6-29
6-
4
6-11
El
at
day
**
Electric
******
6-15
5-15
Embassy
6-15
6-10
9-15
9-10
12-15
12-10
25C
6-15
6-
6-27
7-
1
'
$3.75
7-1
25c
6- 5
7%
;
Erie
6-
6-29
6-15
Certificates
5-10
90c
7-
1
6-15
Eureka
7-
1
6-15
Evans
1
6-15
Eversharp, Inc.,
6-17
5-31
60c
6-lEr
5-24
7-
6-14
1
Cornell-Dubilier Electric,
f
'-
6-20
1
7-
6-3
6-15
6-
1
20c
6-10
6-
1
62 %C
6-10
6-
1
20c
resumed—
Quarterly
Quarterly
6-20
6-24
6-15
:
Federal
Federal
5-31
Feltman
$7
$3.00
$3.00
6-29
6-1
6-29
6-
(s-a)
$3.00
6-29
6-
6-15
5-29
Pass
Coal,
Ltd.
$1.50
7-
1
(s-a)
7-
7%
preferred
Cuban
Atlantic
Fisher
/
5%
& Bound
new
6%
new
Alkali
New
3
6-28
6-
6-15
5-31
7-
2
6-25
Fox
6-20
5-28
$1.12%
7-
1
6-10
5-31
$2
7- 5
6-20
20c
6-29
6-8
6-25
8-15
5-15
50c
25c
6-15
5-31
35c
50c
6-15
6- 7
5-31
5-24
75c
9-
10c
6-10
8-
3
8-12
6-
6-28
6-14
25c
6-14
5-31
25c
6-
3
5-24
$1
;
6-
3
5-24"
Corp.-Seagrams, Ltd.—
(quar.)..:
Z55%c
A
(quar.)
common
6-14
5-29
Z$1.2$
preferred (quar.)
Cup Co., $2.50 class
8-
7-16
62%c
7-1
6-10
10c
6-10
6-
(initial)*
Doernbecher Manufacturing
'Dome Mines,
Ltd.8(quar.)
Dominion Dairies, Ltd.—
....
1
•
' 5%
non-cum.
preferred
25c
(quar.)
Dominion Stores. Ltd. (increased
quar.)
-Dominion Tar & Chemical Co., Ltd.—
i
New $1 preferred (initial quar.)
Dominion Textile, common
6-10
6- 5
7-30
6-29
Z44c
7-15
6-29
Z20c
8-
6-30
/25c
—
6-30
/25c
1
5-31
6-15
5-18
t$1.25
(quar.)
*7% preferred (quar.).
.Dravo Corporation, 4% preferred
(quar.)—
•Dresser Industries, 3%%.preferred
(quar.).
"Driver-Harris Co. (quar.).
,ndu Pont' (E. I.) de Nemours & Co.—
7-2
7-2
6- 5
*$1.75
7-15
6-15
6-
50c
7-1
6-21
93%c
16-15
6- 1
60c
6-12
6-1
———
Common
$4.50
Dun
-
&
(increased)
preferred
$1.75
4% % /preferred
6-14
$1.12%
7-25
50c
6-10
5-18
$1.12%
(quar.).
Bradstreet,
1
'7-1
6-15
common
■
(quar.)*
Dunlop Rubber Ltd.—/
American deposit receipts
5-27
I
\
7-10
,
.
Extrft
'
W
i
JJ.
1
jui
Duplan Corp. - (initial)
■Duquesne Light -Co., 5%
f
rr
I,
(final).
I
J
Ml
M
■
H
■
III
I
10%
i.
m
7-10
5-24
2%
7-10
5-24
mm
30c
—»***——
1st pfd.
Durez Plastics & Chemicals
(quar.)—
1
7-15
'
7-15
8-14
Eagle-Picher Company (quar.)....
Early & Daniel Co., 7% preferred
30c
6-15
5-28
25c
>
Duval Texas Sulphur*.*......—
t6-29
6-15
200
6-10
*$1.75
.7-1
>$1.25
6-15
:25c
.East Mahanoy RR. (s-a)———
Eastern Air Lines (initial: s-a
Eastern Gas & Fuel Associates—
4%% prior preferred (quar.).
6% preferred (accum.).
Eastern Magnesia Talc Co., Inc.
8-
$1.25
(increased quar.)
6-28
'
_*
r*_
5-24
6-" 5
$1.12%
Quarterly
'Quarterly
6-15
7-
6-15
1
6-29
$1.50
6-20
9-30
'9-20
$1.50
12-21
12-9
$1.50
6-15
6-1
7-
6-
_A
Eastern Massachusetts St;
6%
.
1st
Gary
Mfg.
Ry.-^(quar.)—*
preferred
Eastman Kodak, common (quar.)..
6% preferred '(quar.)**-.*.—-.—
—
$1.50
$1.50
7
7-
1
1
6-
5
5
6-15
6-29
6-15
8-30
8-15
6-10
5-20
6-10
6-
5
6-10
6-
5
7-10
6-21
6-5
5
Howell
17y2c
1
11-20
5%
5-27
5%
Lighting
preferred
preferred
Hyde Park Breweries Assn.
Illinois
6-15
5-27
6-15
5-27
6-15
66-
5-28
1
6-20
7-
I
6-15
5-21
7-
1
6-
Inter-City Baking, Ltd. (quar.)
**■******••
International Bronze Powders; Ltd.—
•
7-
1
6-1
7-
1
1
6-
6-15
6-
(increased quar.)
partic. preferred (quar.)
6%
International
Business
6-21
5
1
1
5-24
International
7-
1
6-22
International Harvester,
6-12
6-1
7-
Cigar
1
6-8
25c
6-15
5-14
25c
6-11
5-29
7-
1%C
50c
1
6-20
5-17
Interstate
7-
8
6-12
5-20
25c
6-15
6-
5
6-15
6-
5
•
6-24
25c
7-
40c
1
7-
$1.50
1
6-27
6-20
6-20
*
6-12
$1.25
7-
1
6-15
$1.50
7-
1
<6-15
21 %c
~-«-*
6-20
$1.12%
:
6-20
$1.25
8-
30c
40c
6-
5
Jaeger
7-
Jamaica
1
7%
6-12*
6-12*
7-
7-
1
<6-15
5c
6-12
5-24
$1
7-
1
6-18
$1.12%
7-
/75c
1
6-15
<6-18
<
5-27
$1.50
7-
1
5-15
62 %c
7-
1
6-10
,75c
6-29
;>$1.25
6-29-
^
6-14
■'
6-14
75c
6-15
$1.25
6-15
5-15
50C
6-15
«20C
6-15
75c
7-
9.09%
6-
8:
1
1
5-31
8-1
7-25
7-25
10c
6—14
0-14
A
6-7
6-15
7-1
6-15
6-29
6-19
9-30
9-20
<12-30
•6-12
12-20
$1.50
6-28
6-17
5-23
1
Kennecott Copper Corp;
Kerr
/75c
6-29
5-31
Keyes Fibre,
•
;„r
,;»M1
$1.03
20c
$1.23
7- 1
Addison
6-12
/
Z$1.25
'6-29
f/'.-.f
5-31
30Q
7- 1
6-15
37%a
$1.12%
6-12
s-27
6-28
6-14
$1.62%
6-10
6'
7
6-
6-24
6-8
Z75o
Gold
6-29
5-27
prior
:6-19.v
7-15
7-15
6-15
$1.50
6-10
"5-22*
37 %0
7-1
6-20
8-20
7- 1
6-10
5-28
650 :
7-15
6-17
6-29
6-29
6-7
6-29
6- r
7- 1
::
5-31
500
$1.25
400
6-14*
7-15
6-24
6-15
6-
250
6-15
6-1
6»<li -;
$1*
6-15
>
1
-
k
t75o
7-15
6-15
20O
nfin
6-15
6- X
300
6-10
6-10
30C
9-3
8-io
300
12-2
11- 9
37 %0
6-15
5-31
6-10
5-31
170
7- 2
J:
5-31
7-2
5-31
xl34%
5-31
7- 2
7- 2
5-31
7-2
5-31 ;
7-1
6-10
7- 1
6-10
6-10
7-1
-
350
6-20
50C
6-10
750
6-8
j- »■
6.
6
6- 3
5-27 $
$1
8-1
7-ia
500
7- 5
6-
3
$1.25
7-1
6-
3
75C
<oc
6-15
6- X
6-15
6-1
«o*
20c
6-10
5-29
15C
6-15
6-
:i2%c
6-15
$1.12 Va
7-1
15C
25c
4%
5-31
:
6-13
8-28
25C
—
(interim)*
preferred
'
€-14.
Z253
/37%o
$1.73
*—
(quar;)—
Mines
;
'
1
6- 3
7-1
25c
r
—
6%
6-10
6-1
$1.50
—
Special
•
c6-10
6-18
6-
5-31
.», - •••<
6-29
5-20
6-10
6-29
6-28J
:
/10c
6-17
common
preferred
/75ci
4-20
7-2'
6- 1
30c
•
•&-
7-1'
Great Lakes Terminal Warehouse Co.
(irreg.)
Saddlery Co., Ltd.—
Z$3.73
$1.37%
(Julius)
Kendall Co.,
4% %
•
7-9
$1.12%
?■
Kayser
6-11
7- 1
5%
(quar.)————
1
^.irvnv*v nr
6-15
7- 2
6-18
6-1
6-
¥
5-11
7- 2
6-15
6- 1
r. J...
5-10
7-1
2
(quar.)
6-10
37 %c
7-
preferred
>
6-23
i.—
7-2
2nd
5-20
7-10
xl%%
(increased quar.)—
Z25C
6%
K
'6-10
xl%%
Kelsey-Hayes Wheel, class A (quar.)
•
€-20
20O
Company
/25c
*
—
(quar.)*.
La]ughlln Steel, common (quar.)—*
Kawneer
5-20
15c
preferred
preferred
preferred
preferred
Indemnity (N. Y.) (quar.)*
Engineering Works (quar.)
Great Lakes Paper Co., Ltd.—
$2 class A preference (accum.)——»***_
$2 class B preference (accum.)—*—
1st preferred (quar.)
5-31
7- 1
x$1.75
(quar.)***
preferred A (quar.)—
Manufacturing & Supply, commonr*
preferred
6%
preferred (quar,.
(quar,)—:—
Joy Manufacturing Co. (quar.)—.
Kalamazoo Vegetable Parchment Co. (quar.)
Katz Drug Co., common*
$4.50 preferred (quar.)
——
——
•6-21
Great American
common
Joslyn
<6-28
30c
30c
1
Great
6%
6-10-
6-10
37 %0
Public Service,
Jones &
5-15
?
8- 3
6-27
r50c
350
Co
Machine
(quar.)
7%
B (quar.)
5%
C (quar)
5%
D (quar.)
Jersey Central Power & Light—
5%% preferred (quar.)
6%
preferred (quar.)
7% preferred (quar.)
Jewel Tea Co. (quar.)
Jones & Lamson Machine (quar.)
Johns-Manville Corp.
Johnson & Johnson, 4% 2nd pfd.
6-13
1
7-1
13 3/4 c
.
6-1
7-1
40c
********
;
500
Department Stores (quar.)
Gas Co. (reduced)
Intertype Corporation
*
Investment Corp.
(Philadelphia)
(quar.)***
Investment Foundation, Ltd.—
6% convertible pref. (quar.)
Iowa Southern Utilities Co. (initial)
Iron Fireman Manufacturing Co.—
Common (quar.)
—
Common (quar.)
Common
(quar.)
Irving (John) Shoe Corp., 6% pfd. (quar.)*
6-15
1
6-20
56 %c
Lakes
■
5-31
50O
Interstate Natural
1
25c
25c
common
International Salt Co.
6-10
8-
$1.75
(N,/Y.) (stock div.)—
(quar.) **»—_*«—*—
5-31
30C
Machinery
(quar.)—
International Nickel Co. of Canada, Ltd.'—
Common (quar.)**—;
International Paper Co.,"common (quar.)—
5%
preferred (quar.)
20c
(quar.)——
6-15
12 %C
Extra
7-
7-
$2
Grace National Bank
West
*—
Machine
(quar.)
International Cellucotton Products (quar.) —
6-5
16c
Ltd.
6-15
10c
Certificates, Inc,'(s-a)
Common
1
6-15
$1.25
Co.,
1
75c
—
Fisheries
5
62 %C
(quar.)—
Manufacturing
Co.
(quar.)
Oil, class B (quar.)
6-17
250
1
——
Insuranshares
6-18
--68%c
.
6-13
6-29 >
•
"
6-
6-
1
5
25c
*
11-21
7-15
20c
™
/$1.38
—
12- 1
25c
8-21
30o
5-29
1
7-
Company,
;9-"l
/$3.50
(irreg.)
5-31
7-
•Glens Falls Insurance
6-21
'
25c
$1.'23
Z$1.25
/
5-20
6- 1 f
25c
/20c
6-14
6-15
/23c
(quar.)
4%%
preferred (quar.)—***—*_—
Gillette Safety Razor, $5 preferred (quar.)*
'Gleaner Harvester Corp. (quar.)*———
5-31
8-14
6-12
/20C
*nn"
Z$1
15c
common
5-27
6* 3
16-12
37%c
6-15
6-
6-29
common
'
7-1
(quar.)
6-15
5-28
-$1
Corp., common (quar.)—
Georgia Power Co., $5 preferred (quar.)—
$6 preferred (quar.)
5-31
m
6-10
56V40
EOc
7%c
/50c
15c
6-10
1
General Telephone
7-2
•%%%?
22C
6-15
6-29
7-
preferred
7-16
BOO
Bell
Interim
9-16
6-15
General Outdoor
Advertising, common**
General Phoenix Corp., class A (quar.)
Common (quar.)
7-26 '
'
500
V
IOC
1
1
7-19
$1.50
(quar.)
6-18
25C
250
——
Imperial Life Assurance Co. of Canada
(Toronto) (qUar.)
—
Imperial Tobacco Co. of Canada, Ltd.—
1
6-10
6-27
7-25
i
5-28'
6-* 1
/25c
Telephone**
(leased lines)—
4%
guaranteed (s-a)—
Imperial Chemical Industries, Ltd. (final)—
5
25c
(quar.)—
6-15 ''
Illinois Central RR. Co.
/50c
—
;
6-10
25C
Indianapolis Power & Light, 5%% pfd
Indianapolis Water Co., class A (quar.)
5%
preferred A (quar.)
*
Industrial Acceptance Corp., Ltd.—
5% convertible preferred (quar.)
Industrial Brownhoist Corp.— ' ;
■ •
60c conv. 1st preferred
(accum.)
Industrial Rayon Corp.—
New common (Initial quar.)*
$4.50 preferred A (quar.)
——^
*
Industrial Silica, 6%% preferred (accum.)*
Ingersoll-Rand Co., 6% preferred (s-a)—**
Inspiration Consolidated Copper
*
(initial quar.)
;
6-28
25C
$L25
1
7-
(quar.)
6-3 £
5-31
*
5
10-
—
6-14*
.
6-17
6-15
150
150
(quar.)
(quar.)
3
37 %C
(initial)——
.
-4.
60O
(initial s-a)_*
6-
37 %c
preferred
7- 1
>
(Initial s-a)
6-
Z$1.50
*
Great
/
6-
50c
(N. Y.) (quar.)
common
(Interim)*
(quar.)
Globe Aircraft, 5%% conv. pfd. (initial)—
Goebel
Brewing Co.
(quar.)
Godchaux Sugars, Inc., class A (quar.)—*«
$4.50 preferred (quar.)
Godfrey Realty Corp. (Montreal) (irreg.)*—
Gold & Stock Telegraph (quar.)*—
Goldblatt Brothers, $2.50 pfd. (quar.)
Goodrich (B. F.) Co., common
$5 preferred (quar.)—
Goodyear Tire & Rubber, com, (increased),
8-14*
25c
preferred (quar.)
& Power (quar.)
6-20
/35c
4%% 'preferred
7- 1
$1.06%
6-15
7%%
common
common
6-20
—*
—
6-11
Auto Co.—
preferred
6 A
7- 1
50O
Huron & Erie Mortgage (quar.)—
:Huttig Sash & Door Co.—
o-/o
preferred (quar.)
6-10
15c
(quar.)
5-3i
•6-
} 6-20
,
600
Electric Motors
Class B new
1
30c
Canada
::
7- 1
/-■:* v- •:•//•
10c
Box Co.
(quar.)
Co., common (quar.)
Fireproofmg, common (quar.)*
7% preferred
(quar.)
General Motors, common (reduced)
Gordon
/
6-15
—
62 %c
General Cigar
Gorton-Pew
7-'el}.
—
(quar.)
——
& Son (quar.)—
(A.)
50c
General
convertible
6- X
7-20
6-15
Parts
20c
General
Gorham
6-23
6-11:
,
37 %c
^Humble Oil & Refining (quar.)
5
6-
$1.00
:
Gemmer Mfg. Co., $3 partic. pfd. A (quar.)*
General- American Transportation Co. (quar.)
$5
12-
15c
General Baking Co., 8% preferred
General Bronze Corp. (quar.)
Glidden
6-10
$1
$1.50
(increased)
(quar.)*
Hudson Bay Mining 8s Smelting
8-20
$3 non-cum. preferredCo., 4% preferred (quar.)*
Investors, Inc—,
Products,
5-24
5-24
o:> ioo
250
(quar.)
Furnace
Houston
5
9- 1
Signal,
preferred-(quar.)
6- 8
6-14
6-14
150
':
25C
convertible
6-
17 %c
(initial)
7% convertible
General Railway
6-20
6-8
1
'
—
preferred
(quar.)
Co., Inc.
Houdaille-Hershey Corp.—
6-1
(Theodore), $1.60 1st pfd. (accum.)
6%
Motor
Statler
6-
$1.50
preferred
7-
$1
750
$4.25
/Hotels
6-15
6-
common
6-13
6-10
7-1
25c
$1.12%
$1.06%
naU'
———
:.
6-15
6-10
5%
preferred
(quar.)
5% % preferred (quar.)
Gaylord Container, new com.
5%%
preferred (quar.)
$5
preferred
*
Hunts, Ltd., class A new
(initial quar.)
(quar.)
Gatineau Power,
5-31
1.
7-
*Hooker Electrochemical—
$3
$1
class A
6-15
500
—
-Hollingsworth & Whitney, new com. (initial)
$4 preferred (initial)
Holophane Company
Holt (Henry) & Co., $1 class A (quar.).—
$1 class A (quar.)
$1 class A (quar.)
Holt, Renfrew & Co., Ltd., 7% pfd. (accum.)
Home Title Guaranty Co. (Brooklyn) (irreg.)
Honolulu Oil Corp.^ (quar.)
—
1
6-10
new
6-7
$1.10
'S 6-' 5
$3
'
Co
Co.,
7-1
6-20
6-29
$1
Gabriel Company,
7-. 1
,50o
$2.25
A.)
Fundamental
6-io
6- 7
;
6-29
25c
250
6-3
Holland
Baltimore—
of the Loom,
(Geo.
r
5-31 V
6-17
6-14
Hollander
(accum.)—
Graniteville Co.
Extra
7-1
75c
$1.50
6-15
7-15
Brewing (quar.)
Companies, Ltd. (quar.)
Fuller
$1.50
9-25
250
6-15
25c
Initial)
6%
7- 1
5-20
9-16
5-31
*
J.)
$1.25
6-25
:
6-18
1
6-
(Peter)
'
(quar.)__
1
„
(A.
6-20
25c
6-29
(quar.)
common
Gerber
/25c
710-
6-15
of
10-1
25C
(increased quar.)
Co.
—__*—*
Extra
*—*
-
'(
1
/30c
"Dominion Malting Co., common (quar.)
"Dominion Steel & Coal Corp., CI. B
(resumed)
■
1
25c
(increased quar.)
.■Dobeckmun Co., new
>
6
5-29
6-15
*
at
Glass
(quar.)
*
New
'Galvin
One
6-26
6-29
(quar.)
Co.
$1.25
(irreg.)
Hewitt'Rubber Corp. (quar.)
Heywood-Wakefield Co., common (irreg.)***
Hibbard, Spencer Bartlett & Co. (monthly).
Monthly
*
*
Hlnde & Dauch Paper Co. of Canada (quar.)
; 5-31
6-12
.
75c
Four Wheel Drive
Fruit
6-15
50c
i
$1.25
Heln-Werner
3
6-15
preferred
Foundation
1
Dictaphone Corp., common
4%
preferred (quar.)
.Common
Stove
Freiman
7-
(s-a)
6-
6-10
B
common
Fraser
$1
$1.50
(s-a)
6-14
50c
Company
Ford Hotels Company
(s-a)
Ford Motor, Ltd., ordinary registered—*.—
Foreign Light & Power, 6% 1st pfd. (quar.)
Foster Wheeler Corp., 6% preferred
(quar.)
6% preferred (quar.)
6- 3
(quar.)
Co., 6% partic.
Stores Corp.
7
A
5-20
Mining Company
Heileman
(G.f Brewing:
5-31
Foote-Burt
6-10
(initial)
6-10
$3.50
America
6-14
<6* 1
7" 1
Hecla
: 5-31
A
$2.50
6- 5
6-10
Match
pfd.
•Diamond Portland Cement
(irreg.)
Diamond T Motor Car (quar.)
J'y.5%:
7
6-
6-25
Co.
;Diamond
'•
6-
6-15
50c
'*f additional share for each
/our held..—.
i
5%
preferred (quar.).
♦ Devonian
Oil (quar.).*—.•**•*
.'Dewey & Almy Chemical Co., common......
-Dixie
6-18
1
20c
Bridge—
(initial)..
common
Distillers
1
6-14
(quar.).
Detroit-Michigan Stove (stock dividend).
I
7-
7-
(initial)*
com.
1
6-20
Florida Power Corp
Food Fair Stores, Inc.—
6-11
Detroit Hillsdale & South Western RR.
'
6-18
6-18
7%
6-25
(quar.)
7-
6-10
Fllntkote Company, common
$4 preferred
(quar.)
7-10
10-10
Co.
6-20
Stores—
(quar.)
preferred
preferred
'25c
J Detroit International
•Diana
1
1
Co.—
<Detroit & Canada Tunnel
'Diamond
77-
25c
com.
1
Extra
$1.50
Hazeltine Corp. (quar.):
Hearn Department Stores
Fitzsimmons Stores, Ltd.—
6-14
25c
convertible
New
6-29
$1.75
prior preferred—
»Denver Dry Goods Co., 4%%
pfd. (quar.)..
r::
8
35c
RR.
7-
12 %C
(quar.)
(s-a)
Class B (s-a)
30c
(quar.)
Delaware & Hudson Co.
i
5-
Class
75c
«_*—
6-15
75c
(initial)
Fireman's Fund Indemnity (San Francisco—
Quarterly
First Security Corp. of Ogden (Utah)—
100%
(quar.)
Brook
class
75c
.
IDeisel-Wemmer-Gilbert,
^Dennison Mfg.
3
Corp of Canada—
Cohn
Hazel-Atlas
6-18
6-15
7-15
30c
Company
of
class
Florence
(quar.)
-
fDeep Rock Oil Corp.
-Delaware
1
6-
t$2.50
&
«
New
6-13
5-24*
$1.25
(s-a)
(Alfred)
Quarterly
7-
$1.25
—
6-28
7-15
50c
Co.
6-14
$1.75
Stores
Securities
pref.
Decker
*
■l-t
7-15
6-29
30c
"Davidson Chemical Corp.(quar.)
«'De Witt Hotel,
(irreg.)*
*-—*
♦•Debenture
6-15
8-15
l$2
(quar.)
5-29
Cleaning & Dyeing
preferred
7%
dividend)
Curtis Publishing
Co., prior pfd. (quar.)
(Cutler-Hammer, Inc.
&
6-17*
50c
5%
preferred (initial quar.)
ICuneo Press, Inc. (stock
('Daniels
1
Sugar—
*
7%
6-21
/50c
/$1.50
Crucible Steel Co. of America—
8% convertible preferred
(quar.)
A Cuban -American
Sugar Co.—
6-10
$3
non-cum.
Haverty Furniture,
11-15
75c
(quar.)
Ferro Enamel
6-13
9- 2
75c
(quar.)*——
$4 prior pref.
pref.
(quar.)
7%o
(initial)—*—
_1—
Extra
1
New
40c
Shoe
6-10
7- X
500
•
>6-10
34%C
preferred (quar.)
Harshaw Chemical, common
-25c
(accum.)
United
Finance
//
$
preferred
Common
6-1
6-15
75C
Curme
$1.75
*
*
&
Works
,
$1.50
Hartman Tobacco,
25c
Screw
Fenton
1
933/4C
*
Nest
1
12-
15c
6-25
5-20
7- 2
7- 2
3UQ
preferred
6%
5-31
/5c
Extra
6- 3
7-15
<«!
/Crows
8-16
$2.50
Engineering
Federal Mining & Smelting
Federal-Mogul Corp. (quar.)
6-15
Crown Cork & Seal Co. Inc. $2
pfd. (quar.)
Crown Cork & Seal Co., Ltd.
(quar.)
-Crown Drug Co., 8% preferred
(quar.)
Crown Zellerbach Corp., common
(increased)
5-31
9-1
$2.50
Mfg.
6-12
Crown Cork International
Corp.—
$1 class A (accum.)
6-15
25c
Shops, common (quar.)
Extra
5% preferred
62 %c
Crompton & Knowles Loom Works—
v 6 %
preferred (quar.)
?'•
•6-15
37 %c
*
Federal Bake
$1.31%
—
5-31
6-10
Farmers & Traders Life Ins. (Syracuse, N. Y.)
(The)
-
.'
5-31
15c
1
6-15
*
6-15
65c
Corp.
7-
1
-
1
25c
(quar.)
Fair
1
'
6-21
20C
Falconbridge Nickel Mines, Ltd. (interim)—
Fanny Farmer Candy Shops (quar.)—*
7-
—
6-
1
30C
6-14
7-
common
6-15
7-
12%C
(quar.)
6-15*
$1.75
$2.25
(quar.)*.—
5-25*
$1.62%
preferred series A (quar.)
Cosden Petroleum, 5%
preferred (accum.)
Craddock-Terry Shoe Corp.—
.£•>. -6% 1st preferredMs-a)—
>; 6%
2nd preferred
(s-a)
6% 3rd preferred (s-a)
Crane Company, 3%%
preferred (quar.)
(Creole Petroleum Corp
6-13
12 %C
*
1
20c
com.
(quar.)
preferred (quar.)-.*--—
6-20
$1.25
7-
40C
Copperweld Steel,
;6-20
50c
(quar.)
Exchange Buffet Corp. (increased)
V
j
1
7- 1
7-1
50c
6-29
$1.75
6%%
preferred
(quar.)
/v»'7% preferred (quar.)
7-
$1.25
interest—*
6-15
12 %c
—
6-20
80c
—.-
new common
preferred
•
Harbison-Walker Refractories Co.—
30c
93 %c
com.*
5-25
1
/25c 7
—
Ex-Cell-O
6- 4
7-
28c
.
(quar.)—
(quar.)
Corp
Co.
'6-11
Canada—
25c
:
Co.,
5%
5-24
43 %C
*>
6-29
200%
—
Products
Extra
.
50c
beneficial
Williams
6-11
1
30c
common——
of
7-
12 %C
•
;? -'5%
Co.,
preferred A
$5 preferred A
6-6
1
7-
30c
(quar.)
$5
1
$1
-
-
RR.
6-24
6-15
7-1
7-
$1.75
******
**
guaranteed
.5-28
90C
A (quar.)—
Pittsburgh RR.—
&
$1.12%
Continental Foundry & Machine
7% prior preferred
(quar.)
t Continental
Oil Co.
(Del.)
((Continental Steel Corp.
Continental Telephone Co.—
L
Class
6-10
75c
(quar.)
Emporium Capwell Co
English Electric Co. of
Erie
6-12
5-28
$1.75
•'
•—
*1*1**—*-.****
Electric Mfg. Co., 7% pfd. (quar.)
Empire District Electric Co., common (quar.)
i5:
6-28
6-10
25c
Participating
?7%
;%;6-2t.v
$1.50
preferred
*
60c
common
Ry. Co,,
Co., common.
(quar. )**—;.**_**.**•**.*«
Grlesedieck Western Brewery com.—
5%% conv. pfd. (quar.)
Griggs, Cooper & Co., common (quar.)—*
5%
1st preferred (quar.)
5%
1st preferred
(quar.)
Grinnell Corp. :
—
Guantanamo Sugar Co.; $5 pfd. (quar.)*—J
Guilford Realty, 6% preferred (quar.)*
Gulf Oil Corp.-,**-♦—*—**.
'
Special
Gulf States Utilities, $4.40 pfd. (quar.)
Hahn Brass, $1 partic. pfd. (initial s-a)*-*
Hammermill Paper Co., common (quar.)
4%% preferred (quar.)
*****
4(4% preferred (quar.)—*
:
Hamilton Watch Co., common——
4%
preferred (quar.)
*—
Hammond Instrument Co. (quar.)
—x—
Hanna (M. A.) Company, common
:
"6-14
1
7-
$1.12%
$1.50
Associates,
'■
.
(quar.):
6- 8
Light, $7 pfd.
Realty
50C
Steel
preferred
6-24
preferred
40C
(quar.)
(
15C
Emerson
;6-; 5
Z20o
Corp., $1,75 pref. (quar.)
Continental Assurance Co.
(Chicago) (quar.)
Continental Can Co., common
(interim)—:.*
*<
$8
G- 6
75c
—
Consolidated
Electric Power &
1
/3c
—
<
6-20
(accum.)
El Dorado Oil Works
/$1.50
*$1.50
—
(quar.)
7-1
Manufacturing Co.—
(accum.)—
5-29
-
(Boston)
&
5-25
6-15
Preferred
*******
Stock dividend
Controller
6-15
/$1.50
—
preferred
Western Sugar
(quar.)
common
/$1.50
Connecticut Light & Power
Co., common-—
i-Consolidated Bakeries of
Canada, Ltd.—
Quarterly
'"Consolidated Biscuit Co.
:
(quar.)
Consolidated Cigar Corp
Consolidated Edison Co. of N. Y.
(quar.)
Consolidated Gas, telectric
Light & Power Co.—
(Bait.) common (quar.)
preferred C
Northern
Great
25c
Gas,
Z$3
__*__
4%
Great
5-31
Co
15c
•
•Consolidated Gas Utilities Corp
Consolidated Investment Trust
6-14
6-12
25c
Boat
50c
^Confederation Life Association
(Toronto).—
-.Quarterly
-Quarterly
/•Quarterly
rCongoleum Nairn, Inc. (quar.)
Vi.Coniaurum Mines; Ltd.****
'
Natural
<6-29
of Rea,
Payable
Name of Company
$1.06(4
—
Bolaert
When
of Reo.
payable
*:■/ 25c
25c
—
Special
$3
*■
Paso
Electric
(quar.)
(s-a)
6-29
6-25*
Share
Economy Grocery Stores (quar,)..
Edison Bros. Stores, common (quar.)
•4(4% partic. preferred (quar.)—*
Elgin National Watch Co.—
New common
(initial)
El Paso Electric (Texas)—
$4.50 preferred (quar.)
6-29
Boiaen
When
*f*r
Name of Company
„
<6-15
<
.
10c
order
Service
preferred
7-15
90c
'Compo Shoe Machinery
Corp., vtc. (quar.)
Confederation Amusements, Ltd.—
%/<8%
6-10
50c
holders
the
on
such
'35c
/5c
(quar.)*
*__._
common
order
of Reo.
'
pfd.
(quar.)
SEC
Holder*
/IOC'
;
8%
Commercial Shearing &
Stamping
"Commonwealth & Southern, $6
preferred
>Payment is proposed to be made 28
days
after
the
When
Payable
»
Share
Columbian Carbon Co,
.(quar.)
'Commercial
mi
(quar.) —
•6-29
5-31
25C
6-29
5-31
$50
^-28
6-
"$1.50
7- X
9-21
7
cHMnmsi-- ^
When
Shart
oJReo.
(quar.)_:
Mercury' Mills
5-31
6-15
30c
—
Corp. (irreg.)—
Machine Co. (quar.)—
Oil
Messer
:
5-31
*—,
80c
Kimberly-ClarlT
j
37»/aC
Corp., common (quar.)^—
6-15
.7-1
6-12
Mesta
i
6-12
7- 1
6-12
& Thermit Corp., common (qitar.)^preferred (quar.)___
Metropolitan Edison, 3.90% preferred (quar.)
Meyer-Blanke CO. (quar.)..^
12VaC'
.
'
$1.12'/a
preferred (quar.)———
20c
Ktng-Seeley Corp.,'>common (quar.>-,^.-i«c A
>250
\
-5% convertible'preferred (quar,)
10c
Kingston Products (s-a)
——*
/
f-'4Va%
;
$1.50
Kinney Mfg. Co., $6 non-cum. pid. (quar.).
Klein (D. Emil) Co. (quar.)
-—.
^Quarterly
—
•'Quarterly
1———■—-.■-t— i;rf'ili^ii>»*»-
25c
Koudsen-Creamery Co., ^common. (lrreg.)ii~»..
■i>. Kresge- (S. S.): Company (increased)-.
...
Kresge Department Stores (liquidating) %rds
•
.
6-25
•
Midland
5-21
;
'
of, a
The
of
share
"
,
-
$1.50
Mines
Lake Shore
*
Landis
Machine Co.,
Common
7%
common
(quar.)
preferred
r§'<
I
7- 5
6-15
6-15
5-29
6-14
,
1
$36.50
(arrears)—
6-15
5-20
f
IT;
.
V;
6- 4
35c
6-14
5-31
40c
6-15
5-25
tlOc
7- 2
6- 1
25c
6-10
5-27
t
31V4C
7-
12V2C
6-15
(quar.).
$1.75
37y2C
pid.
(quar.)—
Liggett & Myers Tobacco, 7%
Tulip
-Lily
Corp.
Cup
Liie
National
^Lincoln
.
'
-
(Fort
Insurance
v'Y/.
6%
Lion
I.
; " •
.
,
US'
7-26
10-26
Special guaranteed
Special guaranteed
.
.!•
k'~
h
;|
]•
[if
6-12
5-31
Mount Vernon-Woodberry
6-12
5-31
6-21
6- 5
6-10
5-24
9-10
9-10
8-23
12-10
11-22
50c 3-10-47 2-24-47
—
J.
&
M.
Structural
MacKinnon
\5 %
Consolidated
M.
preferred
MacMillan
Macassa
Mack
(quar.)
Ltd.
Mines,
fof Extra
6-11
7-
1
6-10
1
6-10
6%
6-14
5-31
10c
5-
I
National
City
$1.50
6-15
6-1
National
Container
(s-a)
1
25c
6-15
6-
Vic
6-28
5- 3
t5c
7-
5%
7-
1
J4C
6-
(P.
,—
8
iu-a-
;«<v
—
Mangel
»-
25c
y
Life
t"
6-28
1
25C
6-10
6-10
25C
—j
insurance
6-15
60c '
(quar.)-
Manufacturing
yf.i Extra
Marconi
International
Ltd., ordinary registered (final).
Marine Magnesium Products Corp..
Marion Reserve Power Co., $5 pfd.
(quar.).
7%
&
preferred
7-
1
6-13
12 vac
7-
1
6- 7
13c
6-20
5-31
35C
6-10
5-24
5c
6-15
6-1
Mathieson
25c
6-29
6-4
$1.75
6-29
6- 4
•
Alkali
Works, common
7%
preferred, (quar.)
Matson Navigation Co.
(quar.)
6-15
6-
8-31
11-30
7-15
7-15
6-28
25c
6-28
6-18
88c
7-
1
6-18
5%
AS
-
participating
■
(m
-
''
m
•
Mengel Company,
preferred
■
'
6-15
1
6-20
6-12
12-
5
12-1
preferred
(quar.)—
30c
6-
5
preferred
preferred
(quar.)
iB
^
———
—.—
V
^
\
<■
^
9- 1
12- 1
6-15
$1.75
50c
6-28
—_—-
•
5-31
8-15
:
/
20c
28c
25c
■
7-31
6- 1*
,
6-12
6- 7
6-12
■'
6-
6-19
1
$1
12- 2
6-10
lc
6- 3
$1
11-26
5-17
5-15
6- 3
5-15
$30c
6-25
6-10
6-20
6-10
6-20
6-10
$3.37(4
6-20
6-10
25c
6-10
5-20
30e
6-15
5-15
$63.50
...
s-a).——
'
8-15
1
9-
$1.75
6-15
6-
7-
$2
$1,183/4
6-21
2
1
1
&
6-
6-28
6-20
Powdrell
9-28
9-19
$1.50
12-28
12-19
New
7-
37 (4c
7-15
7-15
6-28
6-15
6-
•'
5-15
5-10*
6-10
5-20
7-
1
6-17
(quar.)
6-15
5-27
.$1.50
$2.083/4
6-17
k-it"*
6-17
7-
-
1
X 6-13
•ts-6-13
25C
B 6-15
25c
*6-5
•ft'.
•
$5
5-31
..Common
$2.50
Norwich
6-
1
Extra '
60c
Pure
Ohio
1
6-20
1
6-15
5-20
Extra
5
Ralston
6-12
6-
•
6-25
4
1
6-15
6-15
5-25
6-18
6-
7-
~
7-
$1.06 Vt
$50C
Rapid
Rath
6-21
1
5-31
6-15
5-27
8-14
*&'•; 8- I
50C
11-15
8-10
6-15
6-24
6-14
$10C
-
5-31
6-10
30c
-
'
held
6-
3
Reo
$1.50
6-20
5-31
$1.37(4
6-20
5-31
:
75c
;
•v
6- 3
25c
6-10
5-24
65C
6-25
6-
25c
—
7-
——
933/4C
1
1
6-15
lfcjl
25C
9-14
7-
.
1
6-20
..
6-12
6-5
25c
62vac "
7-1
6-11
$1.50
7-1
6-15
::
C-
Motors.
5-14
7-12
6-29
Richardson
6-15
$1.50
6- 4
f
6-1
y*
.
5-20
60c
10-12,
20c
6-12
$10c
6-29
-10- 1.
6-
7-15
$1
7-15
30c
6-15
10-
75c
1
5-31;
.V
$1
7-1
7-
1
6- 1
:
1
9-l$1l
5-29:
35c
6-12
25c
6-25
6-10
$2.00
6-15
5-20
20C
7- 1
6-10
$25c
6-14
5-22
7-
$2.50
6-15
1
25c
6-27
6-15
6- 4
6-1
6-14
5-31
:),•
:i
$75c
5-21
6-15
7-15
(quar.)
7-15
—
6-20
.
6-20
$30c
7-31
6-28
20c
6-19
6-
$3c
7-15
6-15
(quar.)—-
(quar.)
5
17c
6-13
25c
6-29
5-31
50c
7-15
6-14
$1.18
6-10
$1,417
.
)
j
6-10
t
■;
$1.25
6-15
5-15 /
50c
6-15
5-15
i
$1.75
$2
6-15
5-15
f
6-15
/
8-35
6-28
4
6-28
i
$1,25
;>
_
>
„
$1.75
1.-
fauar.).
..
jiyo;*
$1,183/4
(quar.)
8-18
50c
6-15
25c
6-15
7 vac
5-24
7- .1
20c
| ■mi)
6-15
$1.25
6-15
(initial)
7-
30c
6-10 f
5-31
5-31
.
5-31
6-15
6-
6-15 5
1
6-15
6-
1
6-15
6-
1 ;
37 vac
6-12
5-31;
common
933/4c
(quar.)
(quar.)
7-
1
6- 8 5
/
6-15
6-1
6-15
6- 1
37 vac
(quar.)
12 vac
"
37 vac
5-31
5-27 1
6-14
50C
7-
50c
fl-13
5-23
15c
6-15
5-27 i
$1.75
(quar.)
1st pfd. (quar.)
7- 1
6-14
-
29c
t$1.90
1
8-10
^
—-
5-17
::i
80c
7-
1
35C
7-
i -y
$1.12 va
37'/-c
7-
1
'
\
6-20
6-15
'
i
6- n \
6- 7
5
6-
6-151?
6-1;
•
8-1
15c
R-
7-
2
$1.50
7-
1
12VaC
7-
1
$1.37 va
7-
1
;
6-15
6-15
6-14
6-2R
IOC
6-10
5-23
6-15
10c
;
6-5
—
<
$1.75
7-
1
•■'0-18
$1.75
10-
1
9-15
$1.75
7-
1
6-15
$1.75
10-1
9-15
50C
6-10
5-25
25C
6-15
5- 6
37 vac
6-10
7- 2
5-28
:• 7-1
6-10
Roos
37 4c
*
6v4c
7-
$1.25
50c
~
5-
(quar.)
Ruppert (Jacob), 4(4% preferred (quar.)—
Manufacturing Co. (quar.)—.
6-10
1
6-15
25c
Inc.
Russell
9
$1.1.2(4
30c
•:
■':/
6-
6-28"
6-14
*
A'nofi-'A'.-..v rA''1
.
;>
-
:
:
rlA/vV
—■»
6-
9 ■;
7
•;
Aeronautical (initial
Special ———
St.-Joseph Lead Co.——
Ryan
•
5-25
6-20
7-
6-
3
6-10
1*
6-10
;
6-15 7
5-31
6-10
5-25
15c
quar.)
——----•
i
1
IOC
"6-10
5-25
50c
6-10
5-24
37vac
v
'
6-15
6-12
35c
•
Brothers.
5-27
6- 5
-
-
|
6-20*j
-
7-: 171;
25c
6-10
6-10
••
90C
>7-15
7-15
1
25c
.
I
6-25
25c
■i-*i5c !|?
—;
|
6-15
^
50C
.
!
|
6-141
7- 1
$1.25
Inc
Company
■
6-10
6-12
35c
Risdon
1
.
5c
'
5-31
6-15
•
2 vac
Manuacturing (Initial)—
Robertson (H. H.) Co.—"-————.—
Rockwell Manufacturing (quar.)——
Ronson Art Metal Works (increased (quar.)
.
$25c..
"; - —
5-31
6-''
.
$1.12 v2
$2.02
1
$30C
Stoker
5-14
150
,
7-
6-30
6-30
(quar.)
preferred
Electrotype
6-10
-v.;t5c-v
>
&
5-31*
1
30c
(interim)
Insurance Co.
Purina Co.,
30c
%
5-23
5-24 -v
25C
—
—
6-10
-
———
5
7-
$1.50
%
6- 7
6-10
$1.25
Co.,
50
15C
6-29
50c
$$1.50
(quar.)
Rice-Stix Dry Goods Co.—
u" 7%
1st preferred (quar.)—
7%
1st preferred (quar.)
7% 2nd preferred (quar,)—
7% 2nd preferred: (quar,)—
6-11
37 (4c
preferred
20c
;
5-24
Packing Go.———
Riley
A
6-10
6-10
*
*
6-10
.
:
6-10
$1
40c
Republic Aviation Corp.
Republic Investors .Fund, Inc.—
rj
6%
preferred A: (quar.)—_.
———
6%
preferred B (quar.)
Republic Steel Corp., common——
6%
prior preferred A
:
Reymer & Brothers (quar.)
Reynolds Metals, 5(4% conv. pfd. (quar.) —
Reynolds (R. J.) Tobacco 3.60% pfd. (quar.)
Rheem Manufacturing Co. (quar.)
Rhode Island Insurance Co. (quar.)
'7-1
*
$1
15c
Electric,-7 %
1
4% non-cum.
Hosiery, common
7% preferred (quar.)
5%
preferred (quar.)
—
—
Reliable Stores Corp., 5% conv. preferredReliance Grain Co., Ltd.—
6(4%
preferred
(accum.)
—Reliance Insurance Co. (Phila.)
(s-a)
Reliance Mfg. Co., 3J/a% conv. pfd. (initial)
Remington Rand, Inc., common (increased)$4.50 preferred (quar.)
5-15
25c
Oklahoma Gas &
1
7-
■
Real Silk
5-15
•t$i
7-1
—Lr—
1
7-
6- 5
6-21%
25c
Reading Co.,
i ll*1
$2.50
(quar.)
(quar.)
7-
$1.06(4
Raybestos-Manhattan, Inc.
Rayonier, Incorporated, $2 pfd.
5
6-10
15c :'l
(quar.)-——
Service
25c
$1.06(4
Extra
4
50c /
■
,
Manufacturing
Water
6-10
6-20
Electric & Gas Co.
3%%
6-15
30c
(quar.)_
(s-a)-
5-30
Radio-Keith-Orpheum, common
Rand's (Pittsburgh)
(quar.)
-----i——-—■—
Co.
Oil
6-10
25c
convertible preferred (quar.)^—-
Oil
6-29
5% conv. preferred (quar.)
Pyrene Manufacturing Co. (irreg.)
Quaker State Oil Refining (quar.)
6-10
37 VaC
Co.——w—A.-——Ogilvie Flour Mills, Ltd., common (quar.) —
Ohio Finance Co., 4(4% preferred (quar.)—
5% prior preferred (quar.)
Oak
Si1
Pullman, Inc.
7
7-
50c
i--—
Nu-Enamef Corp.
•'
d
6-29
Indiana—
preferred
6-
10c
-—-
preferred (quar.):
(s-a)——
Pharmacal Co. - (quar.)—
of
preferred
7-
(reduced)
(quar.)—
convertible
6-15
Inc.—
Dome Mines
preferred
$4.75
for
$~L50
—
7-13
(initial)
Queen Anne Candy Co.
——
6-14
1
$2c
—*
Publicker Industries—
5-31
$1
Natural Gas
Indiana Transit
East
Service
7%
6-14
H 5-14
6-20
6-15
5-31*
7-
•
Co., Ltd. (interim)
of Canada—
preferred (quar.)
non-cum. partic.
preferred
6-15
4
12 VaC
(s-a)
Co.
Alexander,
6-29
15c
$1.50
m
?
7-1
■j
(accuni.)_
Northwestern Telegraph
Ohio
;
6-28
50c
6-15 5
*
■
$i
17y2c
Public Service
1-21
.
6-10
6-15
12 (4 c
—
6-15
7-31
75c
Watch, com. (initial)preferred (initial)
:
Insurance
1
(quar.)-.
5-31
8-15
25c
-
Mu-
shares
1
7-
preferred A (final)
Service Corp. of N. J., common
6% preferred (monthly)..
Public Service of New Hampshire, $5 pfd.—
$6 preferred
Public Service Corp. of New Jersey—
5%
preferred (quar.)
6%
preferred (monthly)
7%
preferred (quar.)
8%
preferred (quar.)
J -31-47
$1.25
100
7-
Public
6-15
1
7-
25c
(quar.)
Omnibus Corp.
every
20c
$1.12(4
40c
!
1
6-29
5%
$1.75
7-
350
River
Preston
Public
35C
annum
€- 1
$1.12(4
—
1st
6%
6-10
20c
&
Preferred Accident
(Hartford, Conn.)—
per
6-15
10c
Power Corp. of Canada
1
6-10
25c
'
6%
6-11
25c
30c
'
—
(Del.)
4J/2%
5-31
30c
';
Power Corp.
6-14
1
25c
(quar.)
-
6?14
15c
(quar.).
common
Powell
—..
5-31 :■
6-20 j
750
Potter Company
$1.50
(quar.)
5-31
6-29
Philadelphia,
Germantown
&
Norristown
RR. (quar.) —
Philadelphia TransportationParticipating preferred
Philco Corporation
Pickle Crow Gold Mines (increased s-a)
Pillsbury Mills, $4 preferred (quar.)—
$4 preferred (quar.)
Pioneer Suspender Co. (initial quar.)
Pittsburgh Bessemer & Lake Erie—
Common (quar.)——
Pittsburgh Consolidation Coal Co
Pittsburgh Forglngs Co
Pittsburgh & Lake Erie RR
Pittsburgh Plate Glass
Placer Development, Ltd. (interim)
Planters Nut & Chocolate (quar.).
Plymouth Oil Co. (quar.)
6-12
35Cy:
of
preference
$1.50
—
6-15
6-15
—
25C
6-19
7-
$2.43 va
7
.7- 1
$1.0014
(initial)—
.
,
———
9-5
12- 5
25c
(quar.)—
'(irreg.)————
A 4'A % .pre/erred
5% preferred
1
30c
Merck & Ccommon——;
$3.50 preferred
6-
30c
——
fouar.)
(irreg.)—
8-27
$3.50
States Power (Wise.)—
Quarterly
Northland Greyhound Lines—
$3.75 preferred (quar.)—
Northwestern Leather—
-
25c
A
5-31
$1
Northern
6-12
:.
(quar.)
'» " Class
•
6-29
$1.25
6-1
class
Northern
5-31
6-29
9- 1
Refrigeration,
5
...
pfd. A
Water Co.
for
Northern
A
6-15
5
Merchants
\
1
7-
10c
-1% • preferred:' (quar.)
Merchants- & Miners Transportation (quar.)
'J
7-
—
Mercantile Stores Co., common
»•";
66(4 c
9-
preferred
6%
i'-n'
6- 5
~6%
:
r-
rate
River
North
6-15
tt\
$30c
(s-a)
(quar.)
Si
6-7
8
25c
preferred
6%
{t- ' "
7-
25c
5%
5%
;
5-29
50c
(s-a)
(quar.)
common
6-
2
6-14
9-3
lc
preferred (accum.)
—---——5(4% preferred (accum.)--:
North American Rayon. 6% preferredNorth Pennsylvania RR. Co.
(quar.)_
7-1
20C
pfd.
7-
$2
.
6%
6- 3
7-15
94C
preferred
5% preferred (s-a)
•—
Mercantile Acceptance Corp. of California—
\t 5% preferred (quar.)——
——
''
6-11
6-15
$1
fiMegowan Educator Food, class A
vi Melchers Distillers, Ltd.—
?fi
4
25c
45c
,
(quar.)
-
Mead
Corporation, common
^fMeadville telephone Co., 5%
f
5
North American Investment Corp.—
'
Co..
6-
.
$$l;oo:,
Pfizer (Charles)
& Co. (quar.)
Phelps-Dodge Corp.
(quar.)
Philadelphia Company* $5 pref. (-quar )
$6 pref. (quar.)
Philadelphia Electric Co., common
Western
&
mon
6-18*
62 (4 c
McCord Corp., $2.50 preferred (quar.)
McLellah Stores
7- 2
Common
6-29
$25c
McCrory Stores Corp., common (quar.)
$3.50 convertible preferred (quar.)
McGraw-Hill Publishing
com.
5
Railway Co.—
(quar.)
Noranda Mines, Ltd. (quar.)
Normetal "Mining Corp., Ltd.
(initial)
North American Car Corp.
(quar.)
—
North American Co. (stock dividend) —
One share of Pacific Gas & Electric com¬
Norfolk
11-29
$$1.50 '
f
& Robbins, Inc.,
preferred (quar.)
6-
t$1.75,
Niagara Lower Arch Bridge (quar.)
Niagara Share Corp., class B (irreg.)
Nineteen Hundred Corp., class A (quar.)—
Class A
(quar.)
8-30
43 3/4 C
McClatchy Newspapers, i7o pfd. (quar.)
1%
preferred 'quar.)
Oil, 6% pfd. (quar.)
f ■ Common L-
McKesson
2
•
i.
1
30c
433,4c
McColl-Frontenac
■f' $4
5-31
7-
t$1.75
(quar.).._.
(quar.).
«
Paul, Inc. (increased).
Petroleum & Trading $1.25 class A (accum.)
Pfeiffer Brewing Co. (increased)
5-25
155 VaC
Newport Industries, Inc., common—
4V5i% preferred (quar.)
5-15
Master Electric Co.,(quar.)
Mastic Asphalt Corp.
(quar.)
w
2
6-15
t25c
—
(J. J.) Company
Mining Corp
Newmont
6-15
6-17
6-10
Haven
Newberry
.
6-20
6-20
-
40c
(quar.)
the
New York City
6-15
7-15
7-15
%
$20c
(quar.)
Co.
7-
131 (4 c
s-a)——.
Jersey Zinc Co
New York Auction Co
7- 5
7-1
$1.25
$17VaC
(quar.)
L.)
5-22
New
5-21
7-15
5%
Te|. Co., Ltd., com. (quar.)
Sons
6-15
\
$$1.75
$3
(quar.)
Peter
—
period May 7 to July 1
New
75c
&
(Glenn
5-22
Co
convertible
At
6-14
25c
(M.)
Martin
6-15
Corp.—
Clock
Haven
6-14
Masonite Corp.. common (quar.)
Massachusetts Investors Second Fund Inc.— c
Marsh
8-31
(s-a)
Transit
A; 4I/2%
i
Communica¬
Marine
tions Co.,
Maritime Tel.
6-25
40c
Consolidated
Mapes
7- 2 '•%
7- 1
$$6 '
—:
——:
5-31
I44C
prior
New
'
Semi-annually
8-13
1
tl3c
all arrears)
Nestle-Le Mur, $2 partic. Class A
New England Tel. & Tel. (quar.)
(Toronto)—
uj.
1
6-14
6-7
8 6- 7
—
1
1
6-14
:
7-
Mills—
Corp.
Co.
7-
6-28
$i
(Sna)—...
10-
,
National Sugar Refining
AANeisner Bros,, Inc. (quar.)—
Nelson (Herman) Corp
7-
"20c
,
20C '
Corp.
Stores
Manufactures
10-
pfd.
t$1.25
America—
Service
Pumps
National
-T2.ViC:^ '6-15
Co
R.)
'•t20c
6%
t$1.25
preferred (quar.)
National Rubber Machinery (quar.)
National Standard Co.
(quar.)_
National Steel Corp. (quar.)
8
6-
1%
6-15
•25c
(quar.)
,
Mallory
6-15
1
30c
(quar.)
7%
Co.,
preferred
National
1
$1.25
(interim)
Gq&iu
7-
81
5oc
l«i.W': -■,
Permutit
National Paper & Type Co.—
6-14
$1
—.—
Magma Copper
12 (4C
Pepsi-Cola
.
50c
National Linen
6-15
t3c
40c
Magnavox Company*: new common
Magor Car Corp.--—
Mahon
(R.. C.) Co.
—^
v
Lines
National Lead
6-29
(quar.)
common
of
National Fire Insurance
6-15
(quar.)
(quar.)
6- 5
Quarterly
$1
preferred
6-15
Development
National Cylinder Gas (Del ), com.
National Dairy Products
(quar.)
6-15
1
7-
1
'$5
1
7-
Casualty Co.,
Pennsylvania Salt Mfg. Co
Pennsylvania Sugar, 5% preferred
Peoples Gas Light & Coke—;
6- 3
6-io;
6-26
National
5-31
$3
mm —nw
Penney (J. C.) Co.—
Pennsylvania Power & Light, common
4(4% preferred (quar.)
;
6-20
—
National Biscuit Company, common
Cash Register (quar.)
6-13
6-15
(quar.)
Madsen Red Lake Gold Mines
8
(quar.)_^
Strauss-Duparquet,—
convertible preferred (quar.)
88c
(quar.)_
4.
(quar.)
—
Penn-Federal Corp., 4 (4 % preferred—...
Nathan
7-
t$1.25
Magazine Repeating Razor,
6%
25c
—
& Co., common
6%
5-17
6-10
20c
Inc
Trucks,
6-21
Ltd.—
Co.,
',(H. R.)" Export Co.
(R. H.)
Macy
1
;
aquar.)—„
•ft <■* «. ••
Company (quar.)
Perron Gold Mines, Ltd. (quar.)
Pet Milk Co., common (quar.)
4(4% 2nd preferred (quar.)
4(4% preferred (quar.).
(quar.)—_
preferred (quar.)
preferred (quar.)..
preferred (quar.)
$1.75
(s-a)
Steel
6%
6-28
7-
$2
87V2C
Mutual Chemical Co.
6- 7
7-15
75c
Royal Hotel,
10c
Lynchburg & Abingdon Telegraph Co.
Lyon
Metal Products (quar.)
M.
5-24
6-10
5-29
$1.20 preferred class A
5-24
7-
.
6-20
8
25c
pfd. (this payment clears
preferred (s-a).—
6.75% prior preferred (initial
Mountain Fuel Supply (Utah)..
Mountain Producers (increased
Mullins Manufacturing—
$7 preferred (quar.)
Muncie Water Works, 8% pfd.
Murphy (G. C.) Co., 4%% pfd.
Muskogee Company
8-23
"
50c
Mortgage—
& Sales Co.
6-20
7- 2
6-
$25c
7%
11-22
12-10
$1.10
$1 3-10-47 2-24-47
Louisiana'Land & Exploration (quar.)
Louisville & Nashville RR. Co. (quar.)--—
Title
7- 2
62 (4c
—v-----
7%
50c
Ludlow Manufacturing
J30C
.
5-31
(quar.)
Louisville
5-31
—
$1.10
Lone Star Gas "Co. (quar.)'
Lorillard (P.) Co., common (interim)
,—
*; 7% preferred (quar.) ——————
'
5-15
6-21
&
37 Vac
Uttle Schuylkill Nay. RR. & Coal (s-a)
Lock Joint Pipe Co., 8% pfd. (quar.)
Lone Star Cement Corp. (increased)
1
r
6-15
$2C
7 Vac
Ltd—.——*
$1.10
(quar.)..—
5-29
5-29
(quar.)—
—
6-12
(quar.)
<quar.)__
guaranteed
Oil
Mount
50c
ffSpecial
,
j
Diablo
•50C
1 Special guaranteed
,
6-15
50c
(quar,) —
Mining &
87 Vic
(quar.)"
—
6-14
Penick & Ford, Ltd.Penn Electric. Switch—
——
Wheel Corp.
Extra
■
;
•62 Vac
5-24 V
'•
Quarterly
Motor
v
6-15
6-14 I
J$I.37y2
of America
Corp.
Co.,* (quar.)
8- 1
11- 1
25c
—
,
K
5-31
'
-——
(quar.)-—— ———
Co.—
6-11
5-31
6- 8
Peerless
J$1
preferred
preferred
Mount
Little Miami RR. Co., original capital—
r Original capital
—
-J.
Original capital —
——
>
Original capital ;
f
fV:,.
preferred
partlc.
Match
1
6-14
6-15
6-15
Paton Manufacturing Co., Ltd., com
7%
preferred (quar,)-.—
6-15
500
if':
6-15
4 6-15
7-1
5-20
*
7-1
$2.50
—
5-31
(quar.)
Morris Plan. Insurance Society
5-24
7*
30O
Quarterly —
—
.
.
"Lincoln Service (Wash. D. C.), com.
r* 1% prior preferred (quar.)
;
.
1
6-
6-10
15c
30c
Nv
6-15
1
preferred (quar.)
Fabrics of N. V.—
•Life & Casualty; Insurance (Tenn.) (quar.)—
$1.25
Liberty
(initial)..
5% pfd: (s-a)_i,
(quar.)—
—,
6-10
.6-15*
-1 -.
30c
Co., common__
(quar.)
(quar.)
—
Montreal Cottons, common (initial quar.)..
7% preferred ($25 par) (initial quar.) —
Montreal Light Heat & Power Consolidated
Montreal Loan & Mortgage (quar.)Moore Corp., Ltd., common (quar.)
1% preferred A (quar.)—.
—
7% preferred B (quar.)—
Morgan (J. P.) & Company
——
5%
5%
4
6-
6-12
Liberty Aircraft Products Corp.—
[•'
6- 4
6-12
5-25
6-10
50c
Paramount Pictures, Inc,
Patchogue-Plymouth Mills
6-22
6- I
$1
.
—
Liqueur Corp..
Mojud Hosiery Co., common
5% preferred (quar.)
Molson's Brewery Ltd.
(quar.)
Molybdenum
$3
7-15
.
25C. y
Mohawk
7-13
50c
|Leslie Salt. Co. (quar.)——.—
1 Levy Brothers Co., Lid. (interim)-—_——
j Libbey-Owens-Ford Glass
J
25c
5-15
7-
Panhandle Eastern Pipe Line, common——
^ 4%
preferred
(quar.)—
U 6-15
25c
5-15
7-
$31 (4c
6-15
Monarch Knitting
(accum.) —
Fink Products Corp. (quar.)
'Lehn &
8- 1
Pacific Mills, new common
Pacelot Manufacturing Co.,
5-15
;
5-22
50c ^
:
I
7-
$15c
$$1.25 I
30c
5Va% preferred (quar.)_>
5-11
6-12
37Vic
preferred
Non-cum.
c
6- 4
50c
Lehigh Coal & Navigation
—
Lehigh Portland Cement (increased)
—
Lehigh Valley Coal Corp.—
$3 non-cum. 1st. preierred (initial)
7
50c non-cum. 2nd preferred (initial)——
5-15
6-15
7- 1
rT)~ Co J " xltdTIIZZZir—ZTI,
Mohawk Carpet Mills
6- 7
-
(
Oils, Ltd. (interim)Modern. Containers, Ltd., common
Lefcourt Realty—,
$3 conv. prior preferred
Pacific Indemnity Co.
15c
■
Model
6-15
7-
62»'aC
6-15
5-22
.
(s-a)
(quar.)—
Page-Hersey Tubes, Ltd.
Public
Mitchell
6-10
7- 1
6- 5
25c
7-.1...
l(4c
5-20
7- 2
$1
125c
6-U
6-11.
5-31
6-5
25c
V
I
6-15
"
Missouri
7-1
6-
$1,50
—
v| ffl
6-17
20o
—
6-15
.
$1
20c .;
(quar.)
5% preferred (quar.).
Pacific & Atlantic Telegraph Co,
45c
•.
Service Corp.^^.*^......*
Missouri-Kansas Pipe Line,' common (irreg.)
$1.75
;—
(quar.)
Lanett Bleachery & Dye Wcrks (quar.)—Lang (John A.) & Sons (quar.)
Leath & Company, common (quar.)—
$2.50 preferred (quar.)—
Lee (H. D.) Company (quar.)——-——
,
6-20
Increased
Common
23c
6-4
JO- 6
■
25C
Lane Wells Company
,
(D. J.), common
A 5-15
'8-15
25C
—
—-
6% preferred (quar.)
Ottawa Light Heat & Power, Ltd.
6-11
7-15 T
'
common.——.—
4c
l
J1-1&
■
6-14
1
6-20
8-15-|f' 7-15
$$1.75
—
Elevator Co.,
37 (4 c
(quar.)
(quar.)__—
6-15
'7-
5-29
7-
-
6-20
$25c
■
50c
.
:•
(increased s-a)— (w.
common
6-15
k
62 Vac
t
T-
...
5%
preferred (quar.)
Minneapolis Brewing
Minneapolis-Honeywell Regulator Co., cornMinneapolis & St. Louis Railway Co
—
Minnesota Mining & Manufacturing Co.—
•
■i
f 6-10
t
$20c
m- i5c
(reduced)-
———-•—
6-29
;
60c.
.
50C
—
Million's
6-15
{*-
6-12
,7- 1
25c
-
8% preferred (s-a)___„—.—
Mid-West Refineries, Inc., conv. pfd.
6-22
7- 1
6-15
20c
(quar.)
*' Lamson & Sessions Co., common
$2.50 preferred (quar.)—
r>
:50o
'
<
:
.
1
$1.75
$1.50
Otis
Ontario
4-29
8-15
6-14,
$150
Steel
8-5
.
Reo,
■6-14M
$15c
(initial quar.)
com.
1
EOc
7-15
7-1
.
•,r:1
4-29
6-12
6-12
(quar.)
6-14
I 7-16
<
6- 4
....
non-cum. preferred
'£ Midvale Company
$2
Midwest Oil Co.,
and $4
Fair common
in^cash upon surrender of certificates—
Kroger Company, 6% 1st preferred-(quar.)
1% 2nd preierred (quar.)—
Kuppenheimer
Company (s-a)
-La France- Industries, e% pfd. laccum.)—
La Plant-Choate Mfg. -(quar.)
—
7- 1
of
6-29
$2 /.7- 1
25c
Products, Ltd., com. ~(quarj_
7% preferred (quar.lr—rA-A-r-AA
Oppenheimer Collins & Co. (increased)——
Orpheum Building Co. (s-a)
10c
.
n
.
.preferred
8%
6-15
•
6-12
40c
....
$2.40
9-20
12- 2
v
Food
preferred
(quar.)__
Steel Products, common-J—
Mickelberry's
6-20
12-23
25C
0-
6-20
40c 'U :•
(extra)
Products, common
Messenger Corporation
10- 1
12»/aC
.
x
1
Ontario Beauty Supply,
;
6-10
6-26
97 (4c
1
6-
7-1
,
25c
'
6-
6-15
'6-17
1
7-
v
Hoidere
Payable
Share
Omnibus Corp., common
8% preferred (quar.)
5-31
•
When
Per
Name of Company
,
■«."
$1.75 i.
10c.
y<6-15
6-15
■d
35c;.
't:
7%
6-10
f
62 y2c
V
—
Metal
1
6-
i
•
•
,
6-15.
7-13
25c
-
k'k<fyyy,f: yfyi.
o/ Rea,
% 8- i
*25c
■
Keystone Steel & Wire (quar.)
Payable
Share
Name of Company
'Monday, June 3,194(j
Boldera
When
Per
•
.
Eoldert
Payablt
ttiayy
Name of Company
L, L
Commercial & financial chronicle
the
3040
COMMERCIAL & FINANCIAL CHRONICLE
■
'■
:n •-;; \Namof Cimwni^ ''
|San Francisco
Sardik Food Products
Schiff
(The)
ISchlage
I Scott
5-25
6-15
5-31
5%
12Vic
6-15
6-10
Talcott
45c
6-14
6- 3*
1
85c
Brook Water, com. (Initial)
4.10% preferred (initial)
1
ISeaboard Oil Co. (Del.) (quar.)
L_
ISears Roebuck & Co. (quar.)..,
[Securities Acceptance Corp. (Omaha),
|Seeman
6-15
6-
6-15
25c
25c
Extra
(initial)
—
.____
___.
iServel, Inc., $4.50 preferred
20c
-
(quar.)
....
$1.12%
[Sharon Steel, $5 convertible preferred
lShattuck
ISheller
(Frank G.)
4%%
preferred
ISherritt
Gordon
ISherwin-Williams
Common
Co.
Iginger Manufacturing
Extra
[Skilsaw, Inc. (quar.).
[Sloss-Sheffield Steel 8c
Trailmobile
8-1'
7-10
Transue
7-2
6-10
Travelers
6-29
5-31
Thrift
7-27
6-28
(initial
1
6-15
6-
1
Trion
25c
6-
1
6-15
5-31
6-
2
5-31
5%%
6-15
5-24
Twentieth
25c
6-11
6- 3
6-14
5-24
25c
€-12
6-
30c
6-20
6-10
6-
5
5-15
Union
Asbestos
Union
Pacific
20c
6-10
5-10
A
1
Increased
preferred
B
6%
partlc. preferred
[Southern Natural GasPacific Co.
Jouthern
(quar.)
—
(quar.)
dividend
Stock
——
preferred
5%
preferred
(quar.)——
;
6-15
5-15
7-11
25c
$1
50c
6-
5
6-10
5-18
6-15
6-1
6-12
5-29
8-
1
Electric
6-
5
.
1
6-20
6-20
6-10
3614c
40c
$1.12%
6- 5
6-15
5-15
5-31
'
—
7-31
9-
1
7-
1
6-20
6-16
5-15
6-15
f
!
$1
6-12
———w--—■
25c
6-14
>
5-31
6-28
5c
1
7-15
10c
8-
*
$15c
Brothers Stores (extra)—
50c
[sterling Engine Co., 55c conv. pfd. (quar.).,
1314c
Sterling, Incorporated, $1.50 preferred.,
17c
Common (irreg.) —
12%c
Stix, Baer & Fuller Co. (increased)*
37%c
Jtokely-Van Camp Inc.—
i
5% prior preference (quar.)(—
25c
Strawbridge & Clothier, $5 pfd. (quar.)
$1.25
3tromberg-Carlson, 6%%
preferred
—
$3-25
3un Oil Company (quar.)———
—25c
Sundstrand Machine Tool Co. (quar.)
25c
.Jterchi
United Merchants & Manufacturers,
Common (quar.)
7-
4%
6-15
U. S.
1
6-12
7-
2
5-15*
7-
6-20
.
3unbeam
Corp.
——
—
Mining Co. (quar.)
Junray Oil Corp., common (increased)-.—
Sutherland Paper Co. (increased)
Swift & Company
(quar.)—
Sunshine
common
——---—-—
Sylvanite Gold Mines, Ltd., com. (quar.)—
Common Bearer (quar.)—'
,
I
3^c
10c
15c
40c
40c
25c
$i
$3c
$3c
Leather
S.
6-19
6-1
8%
,
,
|
,
'•
«
;
•
;
f
•
>•«'**
t
!•.
,
.
<
1
1
1
:f
:'£-
'
t
'
t
'
l" l~,
*•'f"
6-15
6-
6-13
6-
Paper
Motor
JS-31
7-1
.
6-19,
>
$1.12%
7-.1
;4rl5'
8-15
150c
5r20
75c
(quar.)
•;
7-
75c
8-15
mm
llj-15
H-!#'
2-U>
Br 1
$1.25
1
6-1,5
^
8-15
'
v
$1.25;
•
*£
11-15
11-
1
2-
1
$1.25 2-15-47
common
50c
6-28
6-14
'
$1.25
7-1
25c
Corp..
,,,6-lB'■
6-15
40c
5-15
6-10
5-29
7-
1
6-14
7-
1
*
25c
(quar.)__
$1.50
$1
6-17
25 c
Willson Products,
6-20
6-10
30c
5-28
7- b
6-24
6-10
5-31
125c
7- 2
6-1
7-
1
6-17
6-29
5-15
...
Inc.
9
7-
I
1
6-
1
5%
(quar.)
Co., $4.25 preferred (quar.)____._
non-cum.
preferred
Wisconsin
i
(s-a)
$$2.50
Bankshares
Electric
*
$1.06%
Corp
Power, 6%
:
•
6-17
25c
6-15
5-31
$1.50
7-31
7-15
$1.12%
___^
preferred:
6-15
5-31
:
Wisconsin Power & Light, 4%%
pfd. (quar.)
Woodward Governor Co.
(quar.;—
7-
6-
1
68%C
6-15
6-
1
$1.75
8-
1
7-15
$1.75
7-
1
6-20*
Lothrop, common (quar.')|ia&&J 'w
50c
(quar.)
$1.75
Wool Combing Corp. of Canada, Ltd.
(quar.)
$256
Wcolworth (F. W.) & Co., Ltd.—
6% preference regis, (s-a)
3%
Worcester
6-1
6-6
Woodward &
20c
6-15
6-
50C
7-
1
6-14
$1.75
7-
1
6-14
1
7%
6-15
5-15
Transportation
Associates
prior preferred
3
6-29
6-15
6-
$1.12%
40c
6-20
5-31*
40c
9-20
8-31*
Yellow
Cab
6-25
8-
7
6-20
6-15
6- 1
6-15
6-
Wright-Hargreaves Mines, Ltd. (quar.)—.
Wrigley (Wm.) Jr. Co. (monthly)
Wyandotte Worsted Co. (stock dividend)
Yale & Towne Manufacturing Co
6
7-10
6-
$1.12 Va
I
(quar.).
5-
6-24
?
6-17
6-17
37 %c
com.
6-15
1
5-22
6-28
20c
Worthington Pump & Machinery Corp.,
4%% conv. prior preferred (quar.).
$5.00
7-
'
6-28
;
preferred
4%%
$5c
7-
25c
2
1
1
5-23
6-20
5-20
7-
1
6-
7-
1
6-20
30c
(San
1
3
30c
Co.
76-
1-1-47
7
Francisco)—
•
50c
7-
1
6-15
New
(initial)
7-
1
6-15
New
common
50c
6-15
40C
12-20
62 %C
7-
6-
1
11-30*
6-15
433/4c
6-15
6-
7-
Youngstown
Sheet
Tube
&
(quar.)
50c
6-15
12-20
6-16
25c
Youngstown Steel Door (quar.)
Zion's Cooperative Mercantile Institution—
Quarterly
Quarterly
r
Quarterly
'
Zonite Products Corp
5-18
■
5-3*.
6- 3
1
5-31
Co.,
common—
non-cumulative
6-20
u. S. Trust Co.
1
6-20
Universal
7-
2
4-26
preferred
(N. Y.)
(quar.)
(quar.)
$8.75
1
3
xLess
30%
Jamaica
Income
75c
6-15
6-5
75c
9-15
•75C
12-15
12-
5
6-20
6-
7
15c
;<
9- 5
tax.
6-14
•Transfer
25c
6-17
6-
25c
9-16
9- 3
tPayable in U. S. funds, less 15% Canadian non-residents' tax.
tPayable in Canadian funds, tax deductible at the source.
Non¬
25c
Laboratories, Inc. (initial quar.)_.
12-16
12- 2
3
books
closed
not
for
this
dividend.
•■L>;
.
Quarterly
Quarterly
resident
Beane; The Milwaukee Co.; Morgan Stanley &
Co.; F. S.
Moseley & Co.; Maynard H. Murch & Co.;
Newhard, Cook
& Co.; Pacific Northwest
Co.; Paine, Webber, Jackson &
Curtis; Piper, Jaffray & Hopwood; R. W.
Pressprich &
Co.; Reinholdt & Gardner; Riter & Co.; I. M. Simon &
Co.; Smith, Barney & Co.; Smith, Moore & Co.; Stein
Bros. & Boyce;
Stone & Webster Sees, Corp.;
Tucker,
Anthony & Co.; G. H. Walker & Co.; Watling, Lerchen
&
Co.; The Wisconsin Co.;
Dean Witter 8c Co., and
Yarnall
8c Co.
10,000,000 Burlington
•;
Mills
second
finance
additions
share and div.
holders.
-
and
'
'
>
Corp.,
100,000
preferred
stock
vertible
shares
improvements.
port
of
3%%
$100).
Price,
Dickson
&
Co.,
Inc.;
Eastman,
100,000 Bush
8c
Co.;
consin
Wertheim &
Co.;
White,
Co., and Dean Witter
&
Weld
Co.
&
Co.;
The Wis¬
British
income
tax.
ff'ff
Manufacturing Co. 10,000 shares of common stock
Purpose, construction.>
Price, $10 per share.
by Lee Higginson Corp. and Chas. W. Scranton
(par
&
$5).
Co.
,
.
Records,
Inc.
preferred
30,000
shares
of-$2.60
cumulative
stock
(par $50).
Purpose, purchase
Price, $51 per share.
Placed
privately by Blyth 8c Co., Inc., and Union Securities Corp,
of
constituent
companies.
*1,760,000 Capital
Records, Inc. 110,000 shares of common stock
(par 25c). Purpose, acquisition of constituent companies,
notes,
improvements,
etc.
Price, $16 per
payment
of
share.
Sold
to' Blyth
&
Co.*
Inc.,
and
Union-Securities
Corp. and three individuals.,
Dillon
& Co.;
Reinholdt & Gardner; L. F. Rothschild &
Co.;
Schwabacher
&
Co.;
Scott
8c
Strlngfellow; Chas. W.
Scranton 8c Co.; Union Securities
Corp.; G. H. Walker
Less
Offered
per
& Weeks; Johnson, Lane,
Space and Co., Inc.; Carl M.
Loeb, Rhoades & Co.; Laurence M. Marks &
Co.; Mellon
Securities Corp.; Merrill Lynch,
Pierce, Fenner & Beane;
Mitchum, Tully & Co.; Pacific Northwest Co.; Putnam
a
Manufacturing Co. 20,000 shares of 4%% cumula¬
prior preferred stock (par $25), Purpose,
Price, $25 per share and div.
Offered by
Lee Higginson Corp. and Chas. W. Scranton & Co.
con¬
8c Co.; Estabrook & Co,; Clement A. Evans &
Co., Inc.;
Fahnestock & Co.; The First Boston Corp.; Folger, Nolan
Inc.; Glore, Forgan & Co.; Goldman, Sachs 8c Co.; Hallgarten & Co.; Harriman Ripley 8c Co., Inc.; Hornblower
7%.
construction.
Purpose,
$104
tax,
tive convertible
convertible
Offered for subscription to common
stock¬
shares (24,433) offered
S.
resident
500,000 Bush
Unsubscribed
& Co.; R.
15%:
*1,500,000 Capitol
'
(par
tax
by Kidder,
Peabody & Co.; Auchincloss, Parker 8c Redpath;
Bacon,
Whipple 8c Co.; A. G. Becker & Co., Inc.; Blyth &
Co.,
Inc.; Alex. Brown & Sons; Oscar Burnett & Co.; Daven¬
"
Co.
7-10
30c
1
;
6-12
25C
(increased)
Co
7-
5-10
7-
••
t5r3l
Mfg.__
8c
6-10
7-
\
6-12
Ltd.
$1
7-
McDonald & Co.; MerriU Lynch, Pierce, Fenner &
Shoe
Wilsil,
Corp., common
Tobacco
1
50C
6-19f
Winnipeg Electric Co.—
5-20
S.
^
(s-a)__
Instrument
6-15
5-20
U.
;'
,5-16
75c 2-15-47
5-28
6-15
5-31
7- 2
7-1
75c
7- 1
50c
6-15
•6-15
6-10
Co., common
7-19
35c
-31-r;
.
1'7- i
6-29
6-15
A
6-10
10c
(quar.)
Electrical
Whitaker
3
.5-24'
7-1/
50c
(quar.)
preferred
White
3
1
6-15
Corp. 200,000 shares of 3%% cumulative
preferred
stock
(par $100).
Purpose,
expansion and
modernization
of plants.
Price, $103 per share and
dividend.
Offered by Paul H. Davis & Co.; Glore, Forgan
& Co.; Union Securities Corp.; E. M. Adams & Co.; A.
C. Allyn & Co., Inc.; Ames, Emerich & Co., Inc.; Bacon,
Whipple & Co.; Baker, Weeks & Harden; A. G. Becker &
Co
Inc.; William Blair & Co.; Blyth & Co., Inc.; Central
Republic Co., Inc.; Julien Collins & Co.; Dempsey & Co.;
Dinon
Read & Co., Inc.; Farwell, Chapman & Co.; The
First Cleveland Corp.; First of Michigan Corp.; Goldman,
Sachs & Co.; Goodbody & Co.; Harriman Ripley & Co.,
Inc.; Harris, Hall & Co. (Inc.); Hemphill, Noyes & Co.;
J J B
Hilliard & Son, Hornblower & Weeks; The Illinois
Co *"• Kalman
& Co., Inc.; Kebbon, McCormick & Co.;
Kuhn, Loeb & Co.; Laird, Bissell & Meeds; W. C. Langley
& Co.; Lee Higginson Corp.; Lehman Brothers; Loewi 8c
1
6-10
Steel
< E. W.) Bliss Co. 100,000 shares of $2.25 convertible preferred stock
(no par).
Purpose, refunding
($1,895,381);
retire notes issued for working capital, etc. ($3,104,619).
Price, $50 per share and dividend.
Offered by Allen & Co.
Co.;
7-
6-13
6-15
*
15%
6-15
6-10
S.
20 ' 000 ' 000 Borg-Warne*
i
1
$2
U.
cumulative
(par $50).
Purpose, refunding ($500,000),
facilities ($510,000).
Price, $51 per share
and dividend.
Offered by Hemphill, Noyes & Co.; F. S.
Moseley 8c Co.; and H. F. Boynton As,Co., Inc.
;
Weyenberg
7-
75c
5-15
.modernizing
•/.
Weston
(quar.)
1st preferred
(Continued from page 3004)
,
6-15
1
5
7- 3
20c
;
50c
...
6-20
7%
50C
75C
/
Quarterly
6-10
6-15
6-15
$1.50
Western Tablet & Stationery,
50c
preferred stock
"t
7-
30c
United States Printing & Lithograph Co.—
5%
preferred
(quar.)
U. S. Rubber Co., common (increased)
7-1
6-21
50c
(quar.)
Corp.
Wisconsin
Lumber
1010 ' 000 Avon Allied Products, Inc. 20,200 shares of 4%
'
5 000 ' 000
6-11
$2.50
Lines Co.,
•>
'
7-1
Co.—
non-cumulative class
Capital Flotations for April, 1946
.
6-14
15%
2%%
U. S. Potash Company
6-20
'•'5-14..
$3.50
____.
;
Wilson
6-8
6-29
.5-10
6-15
___;
$5 preferred A (quar.)
$5 preferred A (quar.)
'
70c
Extra
1
5-10
6-15
.
(final)
5-24
7-1
5-31
6-29
$1.25
regis,
6-15
9-
6-15
50C
Extra
7% preferred (s-a)
Company (liquidating)
U. S. Pipe & Foundry (quar.)
Quarterly
U. S. Playing Card Co. (quar.)
U.
6-12
6-10
1
S.
preferred A
6-29
30c
U. S. Air Conditioner, $7 preferred (quar.)_
U- S. Foil Co., 7% preferred (quar.)—^
S. Graphite Co.
1.
U. S. Gypsum Co., common
(quar.)
L
7%
preferred
(quar.)
U.
$5
6-11
1
>
U.
6-20
6-20
t$l
t25c
(quar.)
(quar.)
Common
6-10
7-
58 %c
Inc.—
Public Utilities Corp.—
preferred
(accum.)
$2.75 preferred (accum.)
6-1
7-
5-24
7- 2
-
53c
*
5% preferred (quar.)
United Molasses Co., Ltd.—
2
; 5-186-20
Westinghouse Air Brake
Extra
6-12
6-15
(quar.)—
Pacific RR.
50c
$3
5-31
"'5-18
62%c
Inc
Sugar
Common
1
United
7-15
Western
5-16
50c
5-31
6-10
Stanley Brock, Ltd., class B (initial)
Brothers, Ltd.—
New common
(initial quar.)
6-10
3
$4c
5-31
933Ac
6-12
$1.00
Indies
65c
6.36% prior preferred (monthly)
7% prior preferred (monthly)-:
5-15
5-19
4UC
$1.25
Virginia Water Service—
$4.50 preferred (quar.)
Westeel Products, Ltd. (s-a)
Western Light & Telephone Co
7
6-15:
6-10
iquar.
Engineering Co.
20c
5-15
5-10
6-12
6-10
$75c
Ordinary registered (final)
United New Jersey RR. & Canal (quar.)
United Printers & Publishers, Inc.—
Common
(increased)
$2 pref. (quar.)
6-10
50c
(s-a)
6-
1
25C
Cos
,
6-15
7-2
6-20
'
West Virginia Pulp & Paper Co.
5-31
7-
50C
United Light & Railways Co. (Del.)—
6% prior preferred (monthly)-.
5-24
6-
6-10
6-10,
i-7-10^
25C
West
5-31
6-15
$1.75
United Gold Equities of Canada, Ltd
United Illuminating Co. (quar.)
5-25
7-
94c
Tube Co., class B
'
Coal
6-15
30c
•
United Fuel Investments, Ltd.—
6% class A preferred (quar.)
Gas Corp.
: United Gas Improvement
(irreg.)
7-15
Stedman
'
Products
United
6- 5
6-10
1
25C
7-15
6-15
5-31
7-
50c
5-27*
Aircraft
Amer. dep. receipts for crd.
Co. of Ohio, common
preferred A (quar.)——
3ylvania Electric Products,
$4 preferred
(quar.)
(reduced).:
(quar.)
6-17
6-15
6-15
6-10
'v-
7-20
50c
(quar.
Extra
"
6-
$1.50
40c
45c
$1.12%
6-10
6-10
20c
(quar.)
6-26
6-20
50c
Corp.
Inc
common
75c
35c
3tandard Oil
3%%
West
9c
29c
6-12
6-15
Jersey
'A
Wellman
United
-———
/Extra
Wayne Pump Co.
Wellington Fund,
6-10
United-Carr Fastener Corp. (quar.)
United Dyewood Corp., 7%
pfd. (accum.)
United Elastic Corp
—
$1-25
50c
(quar.).——
50c
Standard Oil Co. (Ind.) (quar.)
—25c
Standard Oil Co. (Kentucky) (quar.)——
25c
—
6-10
6-20
6-20
(quar.)
Standard OU Co. of New
6-10
6-20
'■
$15c
■
-
•;
(s-a)
6-20
7-19
United
preferred
12c
5-20
3
1
22c
Lines,
"
'
Waukesha
"B"
Wire Rope
■':"6i20.
$1.75
•
iv-f
6-lo:;
6-15
$1.50
m
:
Brothers pictures
Fund "C"
6-15
Standard Oil Co. of California
Standard
United Air
Chemical Co., Ltd.—
Ifitandard-Coosa-Thatcher (quar.)
Extra
Union
;
ii-j
mvy:
6-20
Washington Water Power Co., $6 pfd. (quar.)
$1.50
Motor (quar.)____,
25c
Waverly
Oil
Works—..
i.;-/'
30C
Wayne Knitting Mills, 6% preferred (s-a)__ H $1.50
3
7-15
/,>.
-•6-15
'
I-*:"■
$1.00
(quar.;
20c
8-15
100%
Insurance ———-—
3tandard Brands, Inc., common
—
$4.50
8-15
Warner
1
6-15
/;
(quar.)
preferred
6%
(quar.)
7-15
37%c
$20c
$$1.50
31
—-
[Standard Accident
Standard
6-
"A"
Preferred Stock Fund
8-15
6-14
6-15
Bond
1
6-28
5%
8-
250
13 ViO
$1
preferred
(quar.)
Wamsutta Mills
(quar.)
7
15c
Bond Fund
Fund
6-
5-20
Union Common Stock Fund
com—
i—
(initial quar.)—
9-20
6-
Union
1
preferred
6-
13V4c
Ware River RR., guaranteed (s-a)
Ware Shoals Mfg. Co. (quar.)_
6-10
Union
9-
,
6-20
1
1
8-
ISquibb (E. R.) & Sons, common (quar.)——
I
$4 preferred (quar.)
iStaley (A. E.) Manufacturing Co.,
1
6-25
2
5-31
(quar.)_
|fipalding (A. G.) 8c Brothers—
|fipencer Kellogg & Sons (quar.)
710-
6-10
$1
(quar.)—
juthern Railway Co.
(quar.)
Life Insurance (quar.)-;
3parks Withington Co.—
6%
convertible preferred (quar.)———
$3.75 preferred
62 %c
7-
5-31
50c
7
6-12
7-
6-12
Union
7
6-
6-25
$1.50
6-15
1
6-
6-28
17 %c
8-15
Trusteed
6-15
37 Vac
•••
common-.__u_ii.___
'
5
5-15
'■
<
(monthly)
B (monthly)
Detinning Co.,
6- 5
-6-
6-20
62 %C
Walker & Co., $2.50 class A
(quar.)
Walker (Hiram) Goodernam & Worts—
Common
(quar.)
"
(quar.)
Funds, Inc.—
United Aircraft,
—
preferred
50C
7
93 %c
15c
15c
133Ac
[Southwestern
3piegel,. Inc., $4.50
37 %c
(quar.)____
Amulet
4%
5
6-
6-20
6-15
6-1
Co.—
Mines, Ltd
Waldorf System, Inc. (quar.)
Walgreen Company, common
1
6-
$3.75 pfd. A (quar.)
i
Bond
^
(quar.)
$1.12%
6-
,
(quar.)
(quar.)
Co.
Union
9-
6%
6-28
Rubber
(Calif.)
6-29
Edison—
outhern Canada Power, common
6-15
'
.
6-29
•
quarterly
6-11
50c
7-20
Union
Walte
5
75c
(quar.)
:
$1 25
A
6,-12'
6-15;
25c
1% preferred (quar.)
Wabasso Cotton Co., Lid.
(quar.)
Wagner Electric Corp. (quar.)
5-31
25c
class
V
6-
6-10
; 7- e
-■
7/:.-25C-'
'
7-30
[Southeastern Greyhound Lines—
[Southern Californra
&
6-
6-15
10c
RR.
Union Oil Co.
6-15
Power
200,000 Clinton
Machine
Co.
100,000 shares of common stock
Purpose, pay note, working capital.
Price, $2
Offered by F. H. Koller & Co. and Smith,
Hague & Co. •
* •'
(par $1).
per
share.
1,000,000 Cribben <& Sexton Co. 40,000 shares of 4% %
convertible
„
•'
and div.
•
i
& Co.;
Inc.;
1
'
^
v
Offered by
(par $25). Purpose, purchase
capital, etc. Price, $25 per sharo
Paul H. Davis 8c Co.; Bacon, Whipple
central Republic Co.
G.
Goodwin.
cumulative
preferred stock
•££/ of machinery, working
-
H.
;
12-10
7Q
V
(quar.;
Corp.,
Vulcan
5
62 %c
29c
(quur.)—
$1.75
6-
$1.37%
25c
•_—
6-15
(quar. )_
com.
Disc Clutch Co. (quar.)
208 South La Salle Street Corp.
Union Sugar Co.
—
11-15
Twin
Ltd.-—
common (quar.)
11- 9
25c
Quarterly
Tybor Stores, Inc.
Underwood Corp.
50c
8-10
25c
$4.50 prior preferred (quar.)
$1.50 convertible preferred (quar.)
5-15*
8-15
preferred
Class
5-29
6-30
25c
$o
Visking
5-24
7-15
(quar.)
(quar.)
5-24
Iron—
|Solar Aircraft Co. (quar.)
|Solar Manufacturing Corp.,
6-15
(quar.)
Century-Fox Film,
6-15
(quar.) ——
$2 preferred (initial)——
preferred
preferred
6-14
—
6-15
1
(quar.)
$1.50
quar.)—
1
7-
Troy & Greenbush RR. Assn. (s-a)
Tfuax-Traer Coal Co., common
$$1.12%
Common
conv.
preferred
5%
common
70c
—
7-
6-10
•'5U2T*
9-102
;
$1
tlOc
25c
6-10
1
6-10
$1.75
■
Virginia
Electric &
'
*b-20
6-10
:
6-15
$4
10-
$1.75
.....I.......
.....
6-14
25c
I
$1.78
•'
(quar.),J.
6-14
$1.25
Company,
preferred
preierred
(quar.;
Common (irreg.)_
2
1
$20c
6-15
6-15
/ •
7- 3
i
7-
50c
'
7-
Steel Forging
(Hartford) (quar.)....
(irreg.)
$1.50
|8mith (Howard) Paper Mills,
55c
Williams
Insurance
6-' 5*
5-31"'
1
6-10
62 %o
...
7- 2
_
7-
.
■V
/C
(quar.)
56'Ac
(increased)
common
(quar.)
Trinity Universal Insurance (Dallas)
Quarterly
(Alexander) & Sons Carpet Co.—
i Common
&
Stores
5-25
6-
300
Victor Equipment Co., common-.
$1 preferred' (quar.)_____
6-10
5-20
7- 2
8-25*5
•
'
;
$25c
(interim)
y
12-29
6-15
{.i
(quar.)
U5c
t7%C
(quar.)
Company,
preferred
:■
5
9-28
1-1-47
$1.00
J15c
Works, common
preferred
1
6-15
1
7oc
62 VaC
Ventures, Ltd. (interim;
Viceroy Manufacturing, Co
5-10
6-
10-
78o
,
;
Virginian Coal & Iron (quar.)
Virginian Railway Co., common
-6%
preferred (quar.)_:
Viking Pump Co..._..i:
___
Iron
A
$40c
preferred (quar.)
(A.
O.)
Corp—
iSmith
7-
20c
preferred
f
1
$1.50
•
(Salt Lake City)
Co......
'1%
5-31
:>
:
.......
Co.
(quar.)
preferred iquar.).
prior preferred (quar.)
7%
5-31
1
^'
7.
Knitting
7%
5-31
6-15
5-23
&
Vapor Car Heating Co., Inc.—
6- 3
$1
of See
/five-.'4;"^
6-24
r ^
Insurance
Van Dorn Iron Works
5-27
6-15
37 %c
Class
,
6-27
93%c
_
5-31
:
6-10
v
Roller
$50c
-
6-15
$3.75 /preferred; (quar.)•
Tllo Roofing Co. (increased quar.
50c
(quar.)
;•
—
5-28
6-21
7-
5-27
6-1
v,
;
8-14
$2%C
Power St Ligni^
Light
Hoiaert
Payable
50C
(interim;
prior
5%
6-12
6-15
10c
(quar.).
7- 6
$$1.25
6-15
6-
$30c
leimmons Company
[Simpson's, Ltd., 4%% preferred (quar.)
|Smith
•
5-15
6-28
20c
$$1.75
(quar.)
6-15
,
Toronto
class A (quar.)
Utica
25c
;
6-15
50c
Utah Power St
5-28
25c
.v;
...
—
6-15
[Simonds Saw & Steel Co. (increased)
$1.20
■
Western Dairies, Ltd.—
preferred
publiq Service (Del.) (quar,
6- 3
(quar.)—
6- 5
When }
Share
(increa8ed)'l.»...„.
(quar.)
(guar.)
(quar.)..
Utah Home Fire
6-12
Co.
Mines
Upper Michigan
:$3 preferred
$3 preferred •<
$3 preferred
6-15
25c
-
Tide Water Associated Oil, common
5-25
6-16
1
6-
3c
6-30
[Silknit, Ltd., 5% preferred (quar.)
5%
.
6-14
f
50C
5-25
1
.
25c
(quar.)
6-30
-■' tl5c
[Signal Royalites Co.,
Sulphur
6-15
,
1
$1.40
-
Thompson Products, Inc., common
4%
preferred (quar.)
$2.25
;
7-
6-15
Timken
6-15 ;
7-1
7-
6-14
5%
7%c
(interim)
_
|Silverwood
-
6-14
'
10c
6-1
<
6-15
t
Canada
25c
Texon Oil & Land- (quar.)
v
of Canada—
(quar.)
B
Texas
.
6-15
6-15
1
1
50c
t2c
—
* 7%
preferred (quar.)
iSick's Breweries, Ltd
lSigma .Mines, Ltd. (s-a)
[Signal Oil 8c Gas, class A (quar.)
Class
5-31
■
7-
56'Ac
——
6% preferred (s-a)
Corporation (quar.)—
—
Upper
6-15
1
7-
Power,
Gulf
Extra
5-31
1
6-11
•
Telluride
6-13
7-
15c
Bearing Co. (reduced)...;
Tip Top Tailors, Ltd. (quar.)
Tooke Brothers, Ltd. (interim)
.
common
(quar.)
Mines, Ltd.
Texas
Universal Products
10c
25c
59%c
(quar.)-.--..——
Co.
Manufacturing Corp.__
JShellmar Products,
«
$1.25
*
25c
Tennessee
6-10
7-
22c
:
6-10
1
7-1
class A preferred (quar.)——$1.25
iSemler (R. B.) Inc. % (increased)—
25c
(quar.)
1
6-15
$1.07%
5%
ISerrick Corp., cla3s A
Class B
5-10
77-
~
(increased)—
common
Name of Company
6-13
6-27
$1.25
-
Telephone Bond & Share Co.—
7% 1st preferred (accum.)—;
6-10
25c
prior pfd.
5
6-1
6-15
Inc.,
—
—
6-15
25c
com-
(James)
fer
of Re0
6-27
75c
*
——
Hoiaert
Payable
75c
common———.
(quar.)-
When
Share
4% % preferred (quar.)
Talon, Incorporated.—:
Tappan Stove
Telautograph Corporation
6-5
10c
41140
|8eiberling Rubber, 4%%
7-19*
15c
preferred
Extra
6
$1.02J/a
(quar.)
Brothers
Tacony-Palmyra. Bridge,
5-24
(quar.)
preferred A
1
6-15
6-14
50c
__
|Scranton-Spring
'5%
8-
6-
$1.07
] Scran ton Lace Co.—i.
.
" "'Per
^
Class A „*—i
25c
$6 preierred
Co.,
^
Name olCompany
1
6-10
_
(initial quar.)
Electric
;v
*"■' j'
20c
-
$3.40 preferred
^
vt See.
6-30
(quar.)
common
Bolder*
Payable
75c
(initial)
(quar.)
(quar.)
Lock Co.
Wheii
,:■■■* Per
"
1
Company
Paper Co.,
IScranton
•
Remedial Loan Assn. (s-a)_.
Walker
;
(Continued
8c
(Inc.); Ames, Emerich & Co.,
Co.,
and
Walston,
on page
Hoffman
8a
:.-.i
^
3044)
•
Total
^OZOQO
ft,05 0
604, Qft 93Z6IO,03
:
:
T——;1f ot-aNelw,Jif$'S»*" ®89,1650 6,102:4
AFFPI£VRREIL
CEYARS _ apitl 91,02 47265,0
1,6203
419,540
*
'•
Refundi g 72,8650 2,037,6
1943-
-194—23
?CNTaReopRitTCweNfufaunolpenditd"w$ivgl':/g■x$*- 750._™,LSi;4,903615774,59813.2820.6,QZ6'!Z TRNCeoautpneidwltg*'^>■;v.,20_JLl6,5475 f863"•- ■—'{z~izr_Z.^*109,7152624,7089
MFOGFIHOLAVAUEENPMGD£vrT*~•W,'«;!?•s-^L.1——1945 ~4616707388,292,934391',—.i_—-t—~-f■•.fWOSZ^L;TooLlZ6(MO8>q:10,525^"1305278,9~6Q7145681327324990,80,69421iUSBtnNaprfGuOltFPfoebecvrhsoadwmrdgn.gumanictkp,l.leysYFOAMTEIPIVHONCSGRARREPUNELUFWPDAIDT
44,0,0— 25,0.
$,FOCREPIGNAT .. —,1946CTNaoRepetiftwaunlldig$$" 439952,72,160958 3127,72,18,985008569473429,53
.
25,0 0
y-
Capit l 18,0624 95,041 6 76,4925
$
New
'
*'
•*-
OSUMFARY
i"_v t52,-0v I2.037:65 ~365":dao
—
OF
1_—.974265,03
3,20 , 0 6^ 02,40
lo.VasZio IfiZ Z
2156,6700'84^
.5253,6,7200 726,,329057136 63.6122,475,00 1733526 4,70^ 68,0437 92,35,770.0 "7665,39.04^4317
5,3 2,634 3.290, 0
1,509
15.0, 0
^
^
750:, 0
2,731,0 1,83^9?0
1,50,0
— Refundig 96,50 819,54 — 21,0495 7,6842 50, 6,27 302,16958
"
"»
25,1f46 20 34.80,(1 170,52. / 3, 7,92ft 29,1328 eZspoZ o 750, 0 5 ,12 0
^
£.
,
— 1946
Capital 1,30,0 *'130,46
7, 4 ,720 4,50 , 0 iZsWo o 152,308596 6,1350
1,50 0 27,835,0 57,3157I 94 ,509 4>79o5b 12, 0,873 18,0624
3
-
New
•
<
'
b37289,5643 -?r 4^■61",32058 50,921 Satneyds CHARTE .-
v
'
'
V*
y"
np~' otes. stock-.»—■: notes. notes. - Governmt—,„ nd'S^LAclesITri c<ift_e.s, fuobntadies Notes-— _ —1 manufctrig— hoeTtd<ing., manufctres-—,. ihRUufact^r-— ~Z_Fe -_ hoeldtincg., Z- rnaufctipg-Z ZIlX ~*"' ^ ,1 y manufctrig™ Z_~" hoMin^~et"<Z securi_t
acesori- ceropt, Z
ecoptr,manufs— NBootaens-d—s
APRIL bLooanngn-tdedrsmS1hort-e—m Presftorc__ke—-d bLoonangn-dtedrsm Presftocr_ked stock. bLoonagn-ntdedrsm
OF
MONTH
i_.4—-.
1199445TRTNCoeCRNfToatueaapnftoupediwlnitdtwlaglgl'>-*•'$"6,362124779,7,0568,08500167559 _—;1,50-1315,748089,86230ft175,0 1,450in:zm6,90—1734,0915278._526548,4922,890,320
;'
74^p|O 0M'Ar?■ -.!;
3si|6o59,1024 3,0li:f4O I^Ao
• :"
$
APRIL
iGsLl-rShot-e•—m- PresftockdCosmton. Tocorptatea—. Candi oan^Municpal—Ste, toraandl dnficngluuoordeets : BLoonagn-Tdersm utiles acaesnordi inOadutshtrelr bueildtncgs, ttrInravuedstsixinfng,,Miscelanous _. Railrods- utilesesccotoeptallr,,,EquipmentMotrs'acaesnordi^and buildngsR,uber Itntrrvuaesdstminng,,Miscelanous ; Railrods ut-ilesscectootepa._ll,,,EqmuiapnmufecnttresMoatnrdsindaustnrdl buildngsj'etc: Shipng'-"■ Railrod-.us Eqmuainpufmcternetsand'oiindausntrdl bueildtncgs,'•-; tItnrrvauesdtsminngZ,Miscelanous Tcootraplate
C'andi — forei;gn—
Corp ate— '*^■7";
nomC. Short-em
Sh'o.r-t-Tea i'Stoc;'vks— Rdi>'biet Publi:c'util.esIrcoona,l, vs_rh—ipj2
Iscrtooe;anl,,Equipment,
Com on Other
MS
~'Hif
L
.
• j
)
f
"
%%
;-
i
7. i^'Farm
j
OFMONTH
•These
U
■
Railrods Public
Motors
Public Iron,
Land,
f
<
,
e
-
:
Land, Ship ing
•
'
;
-
ZI- Z_ I "Z:
0;l
n;-W'
•
V.•:
Total
Total
5
»,
Public
Motors other Land, Ruber'
Other Land,
Iron*
-
s
.
-
-
v:
' 'Z\
•
'
f
,
«
yif',1"
*
•
Total
421,875
380,6 50 78,329708 8,162,05
$
Refundi g 158,362940 3,402784
421,875
Capit l 2 ,317560 74,926~48 8,162,05
New
rTptal' -
179: 8,0 12,0 0 12,60 40 7,36,97
2, 50. 0
Refundi g 14,9 28 - 8,537~6O
'.
Capit l $' 65,80372 12,0 0 4,065.40 7,36,97 2,50, 0
New
750, 0
410,620 21,0980 2,45706 26,0 0
750, 0
Refundi g 283,69537 137,219 8 26,0 0
45609633068,,3,12,2458012931
-1945
v..
Refuridng 1,3457,0 4,0 0 79,14056 8,508,432 2S,b0 , 0Q
Total7U
$
-194
150, 0 2,05 ,0
"£;K^$~V', 15,60;OP 1,071 (30 3,250;.p0
New'
51,6370 24,90 3,90Q;OG 50,1 0 40,5 0 15, 0 50,4 0
Refundi g 26,0 0 23,7650 40 ,0 0 2,358 75 15~lf£0 2 76^0
$
I
*
New
89,70 , 0 28,0 ,0 10 ,0 0 9,23 ,0 5,0 ,0
New
16,950 148,90 2
964,017 0 2,65,0 409, 8065 243,57682 48,20 0 ~9o 76 q
$
Total $ 64 ,8905 478,230 30,6 0, 0
V
>:
+
16,8750 78,1 2^34 37,61359
468,795
12,0 0 2,102,40 17,6820
12,0 0
20,39 7 25,60 87,5240 3,250, 0 91,6820 1,895,0 2,518,795 1,793,0
8,537,0
CUITOSRNPHEAED
456,0 0 316,05387
68,05372
Capital ' 25,6370 1,35,0 3,50,0 27;91,625 40,50 28,390
1,29 6,8 17,3860 285,0 0 210,830
s
128,463 24 19,476140 12,65 0 1,20,50
8,537,0 10, 0 74,690
34,51 28 1,7456 I7 "9376 5
Ir.
1,53960,3117,3860 301720, 359,032
Total
25,97 28 1,745~60 1/793,0 14.9,28
*
1,26075,0 4,0 07 158,0340 46,12 031 25,07 0
Capit l
61,8507 1 1,89570 2,Q50; 0 1793,0 182,40
$
—194S
S2,4103,2866594731509,327fmtrFGuatohnolevingcMPdprcormalbueivgsyna:efcd$ysbPMpUSFhid.uf'.-;TFMEFA3AONPHDUR0ETRILS
GFLOAMVFTEMEUINRONAHNMCDDPURTG,S
Total
2,317560
Total $'**$£ 25,6 0 85,7 0 3,250, 0
Refundi g io; ,o 74,690'
*
3,402,8 4
21,806,96 43,26403 15,90 0 2,53,20 921,875 83,510 64 19,30 0 64,81 6 2,0 ,0 3,0 ,0 156,70263 51,37450 1,80,0 ~ ~9S,0 Q 2,53 , 20 4,571,875
~~
New
23,4213 54,398024 12,70
New
3,402,8 4
158,362940
$
7
Capit l 19,30 0 42,67420 2,0 ,0 3,0 ,0 13,427860 36,7450 1,80,0 9570 5,6507865
Y19,874UNSiewpntyaBlrucsd.k^*V->FEIAVRS
AFY3PEIOVR0LS
Capit l 126,90 25 73.8CL582 2,45706
25,0970 43.26,403 15,0 0 2,53,20 921,875 86,913 8 19,30 0 192,4 790 2,0 ,0 3,0 ,0 176,4 03 64,0 0 3,0 ,50 ~ 9570 02,53 , 20 4,571,875
A
47,64593 1,953 0 16745,0 62,5024 7,290, 0
•
Refundi g 125,06780 19,476140 12,65 0 1,20 ,50
-1942
670,98 06 til,953 0 16745,0 16,4826 20, 0
Total
-194
91,85619 6,80, 0 93,16 72
"-y■
19,30 0 167,350 2,0 ,0 3,0 ,0 132.90o76 49,0 0 3,0 ,50 9570 376lfo,6 380,6 50
$
~~
12,73128 90, 0 148705^ 0 85,62 0 46,372 8
~
V:8
'
305,8214 6,450 187,6 89
214,58739 90, 0 15478 ,0 178, 9672
'
-1943
467,5938 28,5 0 269,31723
16,7564 462,10 81,63 04
$
-1942-
Total
-19*5
.
Refundi g 597,4250 469,05 0 30,5 0 58.06,0 "To 7o o 4,327OQ
Capit l
$
New
Total
$
12,0 0 2,*182^40 9,231720 "4687 95
15,60 13,7 40 3,250,80 57,103974 "150, 0a 2,518,795
750, 0
750, 0
27l0, 142796 0 10,3890 45,0 70 5728576 0
51,6370 25,80 3,90,0 193, 2906 50,8 90 15, 0 45,0 0
750, 0
750, 0
2l705Q,o6 697069,2li 45,O 7O 27io,6o
26,0 0 245,60 40 ,0 0 91,427593 15,Tl 0 45,0 0
6,120, 0
25,6370 7,25 0 3,50,0 10,68531 50,8 90
12,0Q 0Q
FS^9t'LIOC
1231,80759,66,39977588 1296474£L,,58702835,396^,4F5913
1,23418025966,72570
4 ,0 ,0
4,0 0 15,407,634 3,290, 0 126,9 501 10,90726 487237 0
4.0Q 0
3,568,4 1,452,08 82759,35 3,590, 26 24^57 ,098
125,0 0
34,5786-
333546 ,890 57,6 4 ,890, 0 216.39,501 28,0 0 10 ,0 0 10,9 26 9,23765 53,72 370
V
204,831
1,59470
2,50 , 0
5284,77315v.060
1,53960
fo 76o6
8,42 8 597,4250 -524,8 10 32,37,920 102,65146 6,50 , 0 4,32760 24,18,27
4,0 0
47,380 1,895,0 10 ,0 0 31,620 28,0 0 4,90 , 0 5,0 ,0 16,8750
462,01 0 130,49 0 12,5076 94, 50 279,50 3,749,0 1,4 ,50 14,260 13,78 50 1,02 7,0
6.185,0
73,89 68 10,3890
2,6 5,0
1,29 6,98
15,78 943 47,380 12,79348 1,52,08 14,23175 28,0 0
241,90 43
3,590, 26 4,90 , 0 29,57 ,098
139,0 841 8,205,0 40,964 38 392,4051 24,386 50 3,50,0 1,421 37 3,69 86 653,274 462,01 0 27,0 841 8,205,0 53,46 38 486,75 1 30,86 50 3,749,0 4,94,50 25,681237 47,60936 1,6837,4
1,26418,397043 AGONRNEUPDFWI
CFOORPREIGATN,
EA3NPDR0IL boannodtess stock boannodtess —— stock anotens—d stoc—k — Governmt governmtGA vcie-s♦&Municpatl—S.tes,,Posein 819,653482077 fibnuSnoctalodniyesetdsbP$Q1r5ouo,0vnfncfrec AE3NPDR0IL NBootaens-ds ecotp , manufctres oie maanunfctdrig etc - htteroraludtcsin.g,, NBooatnendsds j—. ecotpr, manuft acesori maanunfctdrig et—c- httrroeaulddtscin.g,, manufc—tres oi- maanunfctdrig etc tiTear<n^c7hof.dl:, "~: - ectopr, manufctes- —ori manauf^ctnrig-d.. etc hoeltdst7c"riV.gn, — securit*-.—
eccotpoal,,
~"—
Refundi g 815,27 186 2,1 4,0 190,843 5 15,86 37 48,20 0
398,6250 67,150
$
-1946-
Capit l 148,7514 51,00 218,0471 27,12345
1,072938
90 ,0 0
$
596,07380 57,4150 24,93857
New
49,067538 2 ,168427 3,749,0
*
50 ,0 0
7,360, 0 6 6, 27
863,47186
50,0 0
2,064,0
o
i|
;•>
'
■
y
.
Total
Grand
do
2,319,5 7 2, 69,725 7, 49, 52
689,868
206,7891 450,9 0 241,5 2 5,625,0 126,39 156 2 ,768427 3,749,0 2,819,57 9,629,725 8,46 579 1,07293,87
;
.
Capit l 1,046 0 1,52,406 12,50760 45,380462 57,31573 "94 750 6,90,0 13,20873 148,75814
$
New
75,0 0
*"436,0 0
51 ,0 0
28, 7910 40,27450 315,08 97 23,786 50 1,80,43 9,15,12 25,946 14 46,817056 1,046 0 30,84631 2,580, 0 52,74570 360,8935 81, 8423 2,14,903 16,051 2 596,07380
2,580
39,14278
-*
:
MONTHSCorp ate- Domestic— Long-term Short-em Pref d Comstocokn Candi — Long-term Short-em Pref d Comstocokn Otforehigne-r Long-term Short-em Comstocokn corpate Candian foreign Loaannd USntaiteeds. toal f♦igTuhereses ^Includes MONTHS Railroads Maotnodrs Miscelanous Short-Tem
Long-Term utiles sctoeall,, Equipment industral buildngs, ShipingInvestmn utiles— csoteall,, Equipment Maontdrs industral buildngs, Ship ng Investmn Miscelanou
\Pref d
4
689,868 60 ,0 0
10,2 931 5,625,0 7,3168
2,1 4,0
CHAR TE
SOUM FARY
bonds
Refundi g 450,9 0 128,96754
$
-1946
4
Other Farm
77
Public Iron,
Other Land,
Public Iron,
Other Land,
Total
Stocks- Railro ds
,
utiles Isrtoenl,, Equipment and industral buildngs, truInsve7stm^ Miscel—anou 'Tot*al—* Railro—ds utiles— csotael,l, Equipment aTVn/rodts industral buildngs, Ruber ttrInunvesstme Miscel—anou corpate
Total
Mot rs Other Land,
Public
;
Public Iron
OtheJ Land,
'
THE COMMERCIAL & FINANCIAL CHRONICLE
3044
V7
1,013,354 Greenfield Tap
(Continued from page 3041)
'
'
,
*
'f
Weeks
<see foregoing). /
;
2,000,000 Cuban Atlantic Sugar Co. 20,000 shares of 5% cumulative
preferred stock (par $100)
Purpose, acquisition of constituent companies. Price, $104 per share and div. Offered
by Wertheim & Co.; Ladenburg, Thahnann & Co.; Blyth
& Co., Inc.; Glore, Porgan & Co.; Goldman, Sachs Ac Co.;
Harriman Ripley & Co., Inc.; Kidder, Peabody Ac Co.;
Lazard Preres & Co.; Lehman Brothers; Bear,, Stearns
& Co.;
A. G. Becker & Co., Inc.; Hallgarten & Co.;
Hayden, Stone & Co.; Hemphill, Noyes Ac Co.; Hornblower
Ac Weeks; P. S. Moseley Ac Co.; Paine, Webber, Jackson Ac
Curtis; White, Weld & Co.; Reynolds & Co.; Riter 8c Co.;
G. H. Walker & Co.; Doolittle, Schoellkopf & Co.; Loewi
Ac Co.; Piper, Jaffray Ac Hopwood; Sage, Rutty 8c>Co.,
Inc.; Stroud & Co., Inc., and Vietor, Common, Dann Ac Co.
4,760,938 Cuban Atlantic Sugar Co.
137,500 shares of common
stock (par $5).
Purpose, acquisition of constituent companies. Price, $34,625 per share. Offered by same bankers
~
as offered
the preferred stock (see above).
*•
500.000 Doyle Manufacturing Co. 50,000 shares of 60c cumulative
convertible preferred stock series A (par $8).
Purpose,
working capital.
Price, $10 per share and dividends.
Offered by Burr & Co ; Hirsch & Co., and Dempsey Ac Co.
2 700.000 Drackett Co. 108,000 shares of 4% cumulative convertible
preferred stock series A (par $25).
Purpose, refunding
($2,555,555), capital purposes ($145,000).
Price, $25- per
share.
Offered by Van Alstyne, Noel Ac Co.; Field, Rich¬
ards Ac Co.; R. S. Dickson & Co., Inc.; E. W. Clucas Ac
Co.; Cohu Ac Torrey; Courts & Co.; Hill, Richards & Co.;
Johnston, Lemon & Co.; Johnson, Lane, Space and Co.,
Inc.; Doolittle, Schoellkopf Ac Co.; Schoellkopf, Hutton Ac
Pomeroy, Inc.; J. C. Bradford Ac Co.; A. G. Edwards and
Sons; Berwyn T. Moore & Co., Inc.; Newburger Ac Hano;
Starkweather Ac Co.; Sutro Ac Co.; Westheimer and Co.;
Ames, Emerich Ac Co., Inc.; Buckley Brothers; Butcher Ac
;
'
-
and
Coburn
Sherrerd;
(no
to
shares of $4
par).
Purpose,
13 institutions.
2,981,250 National
stock
stock
purposes.
,
Casting
Die
Co.;
Walston,
Courts
&
Corp.
300,000
refunding
&
Price,
Co.,
Hoffman
Co.;
The
&
Goodwin;
First
A.
Cleveland
J
'
i
;
--
-
"v
)
.
j
■
:
:
Ac
t
•
Witter & Co.
at
$6
&
2,175,000
Dain
Pacific
&
Co.;
Estabrook
Airmotive
(par $1).
and Yarnall & Co.
Co.,
Co.
of
8c
Co.;
Gran-
7x77,;
X.
■
30,000
shares of
6,727,500 gcott Paper
ferred
stock
'
■
and
8c
dividend.
Co.;
Harris,
VX
Newbold's Son &
8c
(Inc.);
8t Co.; Dean Witter. &.
Janney
&
Co.;
W.
•
;
,
per
Oil
Industries,
Inc.
60.000
shares
of
$1.20
Pur¬
Inc.
t,
$6,735,000
INVESTMENT
TRUSTS,
TRADING, HOLDING,
ETC.
Corp.
15,000 shares of
preferred stock (par $50). Purpose,
refunding ($230,475), investment funds ($519,525). Price,
$50 per share and dividends.
Offered by Childs, Jeffries
Ac Thorndike Inc., and H. C. Wainwright Ac Co.
$750,000 Chain
Store
Investment
cumulative convertible
Store Investment Corp. 100,000 shares of common
fundt for investment.
subscription to stock¬
by First Colony Corp.;
J. C. Bradford Ac Co.;
Bull, Holden Ac Co.; Clayton Securities Corp.; Irr. Haupfc
Ac Co.; Grubbs, Scott and Co., and Nugent Ac Igoe.
820,000 Chain
Stock
(par 10c). Purpose, general
$8.20 per share. Offered for
holders; unsubscribed shares offered
Courts Ac Co.; Irving J. Rice Ac Co.;
Price,
$1,570,000
MISCELLANEOUS
Stores, Inc. 29,900 shares of 5V2c/c cumu¬
preferred stock (par $10) with warrants. Purpose,
capital.
Price, $10 per unit of one share of
preferred and one warrant.
Offered by Cohu Ac Torrey
and W. J. Banigan Ac Co.
Fhipps
$299,000 Dean
lative
working
t
270,000 Flamingo Air Service, Inc. 135,000 shares of capital stock
(par $1). Purpose, modification of craft, working capital,
etc.7 Price, $2 per share/ Offered, by Hoit, Rose As Troster,
293,400 Frailey Industries, Inc. 58,680 shares of Class A stock
(par $1).
Purpose, sales expansion, etc.
Price, $5 per
share.
Offered by Edward R. Parker Ac Co., Inc. :.:M
297,000 Trans Caribbean Air Cargo Lines, Inc. 99,000 shares of
capital stock (par 10c.).
Purpose, provide additional
funds
for acquisition
of planes, working capital, etc.
Price, $3 per share. Offered by Newburger & Hano and
Kobbe, Gearhart Ac Co.
7
$1,159,400
Government Agency Issues
Farm Loan and
$67,500,000 Federal
Home
Loan
System
Banks
debentures, dated April 15, 1946,
refunding.
pose,
fiscal
tures
due
Price,
agent, New York.
Intermediate
par.
0.90%
consolidated!
due Oct. 15, 1946.
Pur¬
Offered by Everett Smith,
'
.
Credit
Banks
consolidated
deben¬
consisting of $42,605,000 0.90% dated May 1, 1946,
Oct. 1,
1946, and $21,500,000 0.90% dated May 1,
1947. Purpose, refunding, ($41,685,000) j
($22,420,000). Price, par. Offered by Charles
1946, due Feb, 1,
new
money,
R. Dunn, fiscal agent, New
217 000.000 Federal
\
Land
1Y4%
Banks
York..
consolidated Federal 7Farm
dated May 1, 1946, due May 1, 1952. Pur¬
refunding. Price, 100 and int. Offered by Charles
R* Dunn, fiscal agent, New York.
bonds,
Loan
■■
$348,105,000
Issues Not
Representing New Financing'
25,000 shares of common stock (pa?
$15.50 per share. Offered by Hayden, Miller.
Hawley, Shepard 8c Co., and Maynard H; Murcb
$387,500 Alliance Ware, Inc,
$1).
:
J
Price,
Ac Co.;
Ac Co.
'
"
Chemical & Dye Corp. 50,000 shares of common
Price, $201 per share. Offered by Lazardl
Freres Ac Co., and Harriman Ripley Ac Co., Inc. 7
7
10,050,000 Allied
Improvements,
additions,, etc..
subscription
Price,
per^
$50
to .stockholders.
Un¬
shares
bankers
offered the preferred stock (see foregoing),
as
Manufacturing
Corp.
99,000
Purpose, purchase of
share.
Offered by Willis E.
(par 50c.).
285,000 Seminole Oil & Gas Corp. 95,000 shares of common stock
(par $1). Purpose, retirement of loans; working capital,
etc.
Price, $3 per share. Offered by F. H. Koller Ac Co.,
Co.; Yarnall. & CO.; Estabrook & Co.,
subscribed
Xs
stock
Price, $3
Oil Co,
150,000 shares of common stock (no par).
Purpose, construction of still, exploration, etc. Price, $34
per share.
Offered by Biyth Ac Co., Inc.; Lee Higginson
Corp.; Glore, Forgan Ac Co.; Hornblower Ac Weeks; Leh¬
man
Brothers; Carl M. Loeb, Rhoades Ac Co.; Merrill
Lynch, Pierce, Fenner Ac Beane; Paine, Webber, Jackson
Ac Curtis; Whiting Weeks 8c Stubbs; The First Trust Co.
of Lincoln, Neb., and Hill As Co.
3,353,250 Scott Paper Co. 67,065 shares of common stock (no par).
Purpose,
Television
Lubetkin Ac Co.,
H.
and Boennlng 8c Co.
*hare. : Offered ' tor
cumu¬
5.100,000 Lion
Pierce, Fenner 8c Beane; Mellon -
Co.
Perkins Ac Co.
$100).
pose,
shares of $3.40 cumulative pre¬
Purpose, refunding ($6,411,460)
($316,040).
Price, $103.50 per share
Offered by Drexel & Co.; Smith, Barney
Hall
(par
refunding ($600,000), working capital, etc. ($750,000 >.
Price, $25 per share. Offered by Straus Ac Blosser;
Dempsey-Tegeler Ac Co.; A. G. Edwards Ac Sons; Jenks,
Kirkland Ac Co.; Pacific Co. of California; Mason, Moran
Ac Co.; Brailsford Ac Co.; Link, Gorman Ac Co., Inc.; Revel,
Miller Ac Co.; Irving J. Rice Ac Co.; Dittmar Ac Co.; Fewel
Ac Co.; First Securities Co. of Chicago; C, Edgar Honnold;
Reinholdt Ac Gardner; Dallas Rupe At Son, and Seligman,
....
etc.
Securities Corp,; Morgan Stanley
Co.;
and Erickson,
pose,
cumulative
■
Merrill Lynch,
offered
convertible preferred stock (par $22.50).
cumulative
Co. 65,000
(no par).
improvements,
stockholders
(5,271)
OIL
$1,350,000 Kerr-McGee
64 105 000 Federal
Co.
preferred stock 3Vz% series (par $100). Purpose, general
corporate funds.
Price, $103.50 per share and dividend.
Offered by Union Securities Corporation; Glore, Forgan
8c Co.; Goldman, Sachs & Co.; Lehman Brothers; Smith,
Barney & Co,; A. G. Becker 8c Co., Inc.; Harris, Hall
& Co., Inc.; W, C, Langley 8c Co., and Paul JH. Davis
8C CO.
common
shares
Burnside Ac Co.
150,000 shares of capital stock
discharge of bank loan ($1,300,000),
Price, $14.50
stockholders:
Calif., subscribed for 68,440 shares. 7
Manufacturing
7
$190,733,564
Corp.
750,000 Perfex Cofpr 7,500 shares of 4Va# cumulative preferred
stock
(par
$100).
Purpose,
working capital.
Price,
$102.50 per share and dividend.
Offered by The Wis¬
consin Co.; Riley 8c Co.; Loewi. & Co., and The Milwaukee
3,000,000 Reliance
to
Unsubscribed
stock
common
equipment, etc.
>
*1,957,000 Parkersburg Rig & Reel Co. 19,000 shares of $4.25 pre¬
ferred Stock (no par).
Purpose, reduce current bank loan.
Price, $103 per share and dividend.
Sold privately to
eight institutions and four individuals.
.
co.
States
shares of
Purpose,
Oil
As
Moreland.
297,000 United
expansion, working capital, etc. ($875,000).
per
share.
Offered
for
subscription to
Union
Edwards
Purpose, refunding
($2,751,130), working capital ($1,248,870). Price, $105 per
share and dividends.
Offered in exchange for 7%
pre¬
ferred.
Unexchanged shares offered by Kidder, Peabody
Ac Co.; Rauscher, Pierce Ac Co.,
Inc.; Dallas Union Trust
Co.; Ditmar Ac Co.; Moroney, Beissner Ac Co.; Milton R.
Underwood Ac Co.; Neuhaus Ac Co., and Rotan, Mosle and
waukee Cp.; Moore, Leonard & Lynch; Pacific Northwest
Co.; Riter & Co.; I. M. Simon 8c Co.; Singer, Deane &
Scribner; SwiSs American Corp.; Richard W. Clarke Corp.;
M.
G.
Inc.
bery, Marache & Lord; Hayden Miller 8c Co.; The Illinois
Co.; Kalman & Co., Inc.; Kebbon, McCormick & Co.;
Loewi & Co.; Maynard H. Murch & Co.; Piper, Jaffray
&
Hopwood;
Reinholdt
& Gardner;
Reynolds
& Co.;
Stillman, Maynard 8c Co.; Watling, Lerehen 8c Co.; Barret,
Fitch & Co. Inc.; Bosworth, Chanute, Loughridge & Co.;
Merrill, Turben 8c Co.; Miller, Kenower & Co.; The Mil¬
J.
subscription
Co.,
preferred
Whipple & Co.; Baker, Weeks &
&
for
share.
per
Northwest
lative
Byllesby
Co.; Bacon,
William Blair
Offered
$50
Pacific
Blair
Inc.;
A.
4,000,000 Tex-O-Kan Flour Mills Co. 40,000 shares of 4Vn%
Dominick;
Co.,
M.
Harden;
Co.;
waukee Co.; Mitchell, Hutchins & Co.; Moore, Leonard
& Lynch; Maynard H. Murch & Co.; Pacific Northwest
Co.; Piper, Jaffray & Hopwood; Riley 8c Co.; Riter &
Co.; L. F. Rothschild & Co.; William R. Staats Co.;
Stern Brothers &
Co.; The Wisconsin Co., and Dean
&
8c
H.
Witter
Michigan Corp.; Morris
Hemphill, Noyes Ac Co.; Hornblower Ac
Weeks; W. E. Hutton & Co.; Kalman & Company, Inc.;
Kebbon, McCormick & Co.; Lehman Brothers, Loewi &
Co.; Merrill Lynch, Pierce, Fenner & Beane; The Mil-
y
:.
Fox
Price,
stock
(par $1).
per share.
Offered
common
A. C. Allyn and Co., Inc.; A. G.
& Co., Inc.; Alex. Brown &
and Co., Inc.; Cent. Republic Co.
(Inc.); Emanuel & Co.; Hemphill, Noyes & Co.; W. E.
Hutton & Co.;
Laird, Bissell & Meeds; Lee Higginson
Corp.; G. H. Walker & Co.; The Wisconsin Co.; Dean
Becker
,
Clement A. Evans Ac Co.; First of
F.
of
Stone
Dominick
Inc.
897,000 Globe-Union Inc. 39,000 shares of capital stock (par $5).
7 Purpose, general funds for corporate purposes. Price $23
per
share.
Offered by Goldman, Sachs & Co.; A. C.
4
AUyn and Co., Inc.; Bacon, Whipple & Co.; Baker, Watts
& Co.; Bear, Stearns & Co.; A. G. Becker Ac Co., Inc.;
Betts, Borland Ac Co.; George D. B. Bonbrlght & Co.;
J. C. Bradford & Co.; Central Republic Co.
(Inc.); Paul
1
H.
Davis
&
Co.; Elworthy Ac Co.;
Estabrook & Co ;
J
shares
Co.;
Co. of Chicago; Glover Ac MacGrubbs, Scott and Co.; Robert C. Jones As
and Herbert W. Schaefer Ac Co.
share.
Kebbon,
& Co.; Lehman Brothers; Smith, Barney &
& Webster Securities Corp.; Union Securities
Eastman, Dillon 8c Co.; Hornblower 8c Weeks;
Merrill Lynch, Pierce, Fenner & Beane; Wertheim & Co.;
$6
150,000 shares of 5Va % cumulative
preferred stock (par $10). Purpose, pay RFC
($960,000), expense of reorganization, purchase of
plant,: working capital, etc. ($540,000). Price, $10 per
share.
Offered by Newburger & Hano and Kobbe, GearAc
50,000
Dempsey Ac
Securities
by underwriters (at $53 per share) by First Boston Corp.;
Harriman Ripley Ac Co., Inc.; Stone Ac Webster
Securities
Corp.; George D. B. Bonbrlght Ac Co.; Sage, Rutty Ac Co.,
Inc.; Little Ac Hopkins, Inc.; Pacific Co. of California;
Langley
Co.;
convertible
hart
Ac Co.,
Corp.; Goldman, Sachs
Co.; Hayden, Stone & Co.; Kidder, Peabody & Co.; W.
C.
loan,
v
Co.
Sherrerd;
Inc.;
3,386,550 Stromberg-Carison Co. 67,731 shares of 4%
convertible
pfd. stock (par $50).
Purpose, refunding ($318,643), con¬
struction, working capital, etc. ($3,067,907).
Price, $53 per
Stanley & Co.; The First Boston
shares of
($200,000)
1,500,000 Globe Aircraft Corp.
v
Inc.;
Purpose,
Purpose, working capital.
by Bond & Goodwin, Inc.
Sons;
M. Kidder
Corporation;
Goshia & Co.; Putnam Ac Co.; Mackubin, Legg Ac Co.;
Emanuel, Deetjen Ac Co.; Newburger Ac Hano; Carbthers Ac
Company, Inc.; B, V. Christie & Co.; Berwyn T. Moore &
Company, Inc.; Hirsch & Co.; S. R. Livingstone & Co.;
Van Alstyne, Ncel Ac Co.; Amott, Baker Ac Co., Inc.; and
McAlister, Smith Ac Pate, Inc.
Ac
Co.,
23,553,428 National Distillers Products Corp. 379,894 shares of com¬
mon
stock
(no par).
Purpose,
working capital, etc.
Price, $62 per share.
Offered for subscription to stock¬
holders.
Unsubscribed shares
(15,799) taken by under¬
writers: Glore, Forgan & Co.; Harriman Ripley
& Co.,
Inc.; Blyth 8c Co., Inc.; Kuhn, Loeb 8c Co.; Morgan
Sold pri¬
per share.
Offered by Buckley Brothers; Ames, Emerich
& Co., Inc.; Dempsey Ac Company; Mercier, McDowell Ac
Dolphyn,
&
Republic Co., Inc.; Julien Collins 8c Company;
Grubbs, Scott and Co., and Blyth Js-Co., Inc.
'
$1).
Purpose,
capital, etc.
$1,600,000.
(par
working
note,
Kalman
Co.;
&
First
Co.; Mead, Irvine Ac Co.; Berwyn T. Moore Ac
Co., Inc.:
McAlister, Smith Ac Pate, Inc.; Newburger Ac Hano; Pit¬
man Ac
Co., Inc.; F. L. Putnam Ac Co., Inc.; Prescott As
Co.; Raffensperger, Hughes Ac Co., Inc.;
Irving J. Rico
Central
.
pay
&
Automotive Fibres, Inc. 3.50,000 shares of common
(par $1).
300,000 National
cumulative preferred
corporate
98,185 (D. B.) Fuller & Co., Inc. 19,252 shares of 6.% cumulative
convertible preferred stock (par $5) and 19,252 shares of
common
stock
(par
10c)
(in units of one share of
each).
Purpose, working capital.
Price, $5.10 per unit.
Offered by Kobe, Gearhart Ac Co.
..
r,"
common
Jones
repayment of loan, new plant,
warehouse, machinery, etc.
Price,
$19,875 per share.
Offered by Reynolds & Co.; Schwabacher & Co.; Laurence
M. Marks 8c Co.; Hemphill,
Noyes 8c Co.; A. C. Allyn
and Co., Inc.; Ball, Burge & Kraus; Wm. C. Roney &
Co.; Bateman, Eiehler & Co.; Burr & Company, Inc.;
12,500,000 Fruehauf Trailer Co. 125,000 shares of 4% cumulative
preferred stock (par $100). Purpose, construction, acqui¬
sition, etc.
Price, $104.50 per share and dividend. Offered
by Lehman Brothers; Watling, Lerehen & Co.; A. C. Allyn
and
Co., Inc.; Bache Ac Co.; Bacon, Whipple Ac Co.;
A. G. Becker Ac Co., Inc.; Blyth & Co., Inc.; H. F. Boynton Ac Co., Inc.; First of Michigan Corp.; Goldman, Sachs
& Co.; Hallgarten Ac Co.; Hornblower Ac Weeks; Kebbon,
McCormick & Co.; Kidder, Peabody Ac Co.; Merrill Lynch,
Pierce; Fenner Ac Beane; F. S. Moseley Ac Co.; Paine,
Webber, Jackson Curtis; Reynolds 8c Co.; Riter & Co.;
Shields & Co.;
L. M. Simon & Co.; Union Securities
Corp., and Wertheim & Co.
1
; ''^'7-.''7
2,800,000' Gerlty-Michigan
D.
Sons;
Corp.;
Co. 25,000
stock
Butcher
Lynch; Morgan Stanley & Co.; F. S. Moseley & Co.;
Mullaney, Ross & Co.; Nashville Securities Co.; Neuhaus
& Co.; W. H. Newbold's Son 8c Co.; Newhard, Cook &
Co.; Pacific Northwest Co.; Paine, Webber, Jackson 8c
Curtis; Piper, Jaffray & Hopwood; Putnam 8c Co.; Rein¬
holdt & Gardner, Riter & Co.; The Robinson-Humphrey
Co.; Rotan, Mosie 8c Moreland; L. F. Rothschild & Co.;
Schwabacher & Co.; Chas. W. Scranton 8c Co.; Shields
& Co.; Sills, Minton &
Co., Inc.; I. M. Simon & Co.;
Singer, Deane & Scribner; Smith, Moore & Co.; Stark¬
weather
&
Co.; Stein Bros. & Boyce; Stifel, Nicolaus
&
Co., Inc.; Stix 8c Co.; Stone & Webster Securities
Corp.; Stroud 8c Co. Inc.; Tiff.t Brothers; Spencer Trask
8c Co.; Tucker, Anthony 8c Co.; Union Securities Corp.;
Waldheim, Piatt & Co.; G. H. Walker & Co.; White,
Weld & Co.; The Wisconsin Co.;
Dean Witter & Co.;
Wurts, Dulles & Co., and Yarnall & Co.
Walker Ac Co.
vately
Lie.; E. W. Clucas & Co.; Cohu & TOrrey;
Crowell, Weedon
Nelson, Browning & Co.; Straus 8c Blosser; Sutro
&
Co.; Ames, Emerich 8c Co., Inc.; Buckley
Brothers;
& Co.;
dividend
&
'
*2,775,000 Flintkote
$3.25
& Co.; Kidder, Peabody & Co.; KirkpatrickCo.; Kuhn, Loeb & Co.; Laird, Bissell 8c Meeds;
W.
C.
Langley & Co.; Lee Higginson Corp.; Lehman
Brothers; McDonald & Co.; Mellon Securities Corp.; Mer¬
rill, Turben & Co.; The Milwaukee Co.; Moore, Leonard
by R. S. Livingston Ac Co.; Mercer, McDowell Ac Dolphyn;
Buckley Bros:; Courts Ac Co.; Straus & Blosser; and
Herrick, Waddell & Co., Inc.
G. H.
shares
Pettis
200,000 shares of common stock (par
Stearns & Co.; A. G.
Sons; Dick & MerleSmith; Dominick 6c Dcminick; Graham, Parsons & Co.;
Granbtery, Marache Ac Lord; Hallgarten & Co.; Hemphill,
Noyes Ac Co.; Hornblower Ac Weeks; A. M. Kidder & Co.;
Ladenburg, Thaimann Ac Co.; Laurence M. Marks Ac Co.;
Merrill Lynch, Pierce, Fenner Ac Beane; Paine, Webber,
Jackson Ac Curtis; L. F. Rothschild Ac Co.; Schwabacher
& Co.; Shields Ac Co.; I. M. Simon & Co.; Smith, Barney
Ac Co;; Stroud Ac Co., Inc.; Swiss American Corp.,
and
316,967
Gregor,
Edward
Purpose,
construction of plant, new machinery,
working capital, etc.
Price, $4,375 per share. Offered
Inc.; Bacon, Whipple & Co.; Bear,
Becker Ac Co., Inc.; Alex. Brown &
Johnston, Lemon & Co.; J. C. Bradford & Co.; Doolittle.
Schoedkopf & Co.; Johnson, Lane, Space 8c Co.,
Inc.;
Schoellkopf, Hutton & Pomeroy, Inc.; Taussig, Dav & Co
McCormick
inc.; Biytn ac
6.225.000 Flintkote Co. 150,000 shares of common stock (no par).
Purpose, additions, construction, etc.
Price, $41.50 per
share. Offered by Lehman Brothers; A. C. Allyn and Co.,
Co.
subscription to common stockholders unsubscribed
shares (4,686) purchased by underwriters: Smith, Barney
& Co.;
A. C. Allyn & Co. Inc.; Ames, Emerich & Co.,
Inc.; Arnhold and S. Bleichroeder, Inc.; Bacon, Whipple
& Co.; Baker, Watts & Co.; Biddle, Whelen & Co.; Bitt¬
ing, Jones & Co., Inc.; William Blair & Co.; Blyth 6c
Co., Inc.; Alex. Brown & Sons; Central Republic Co.
(Inc.); Clark, Dodge 8c Co.; E. W. Clark & Co.; Julien
Collins & Co.; J.
M. Dain & Co.; Dillon, Read & Co.
Inc.; DiXon & Co.; Dominick & Dominick; Drexel & Co.;
Eastman, Dillon & Co.; A. G. Edwards and Sons; Elkins,
Morris & Co.; Equitable
Securities Corp.; Estabrook <fe
Co.; Clement A. Evans & Co., Inc.; Farwell, Chapman
& Co.; The First Boston Corp.; First of Michigan Corp.;
Folger, Nolan Inc.; Glore, Forgan 8c Co.; Goldman, Sachs
& Co.; Goodwyn & Olds; Graham, Parsons & Co.; Greene
& Brock; Hallgarten & Co.; Harriman Ripley & Co., Inc.;
Harris, Hall 8c Co. (Inc.); Hawley, Shepard 8c Co.; Hay¬
den, Miller 8c Co.; Hayden, Stone 8c Co.; Hemphill, Noyes
8c Co.;
Henry Herman & Co.; Hornblower & Weeks;
W. E. Hutton 8c Co.; The Illinois Co.; Jantiey & Co.;
$1).
-
capital, etc.
Price, $25 per share.
Offered by Van
Alstyne, Noel & Co.; Coburn As Middlebrook; Courts & Co.:
for
and Reinholdt Ac Gardner.
875,000 Electromaster, Inc.
Co.
pav
work'
ing
preference stock, series A (no par). Purpose,
refunding, ($22,675,000), capital additions, etc. ($14,673,650).
Price, $101.50 per share and dividend.
Offered
Fenner
Pierce,
vertible preferred stock series A (par $20).
Purpose,
notes and reacquire customers' instalment
contracts,
cumulative
Co., inc.
Ac Beane; Lehman Brothers;
Co., Inc.; Eastman,
Dillon Ac Co.; The First Boston Corp.; Glore, Forgan &
Co.; Goldman, Sachs Ac Co.; Kidder, Peabody & Co.;
Smith,
Barney Ac Co.; Union Securities Corp.;
Clark,
Dodge & Co.; Paul H. Davis & Co.; Hemphill, Noyes & Co.;
Hornblower & Weeks; W. C. Langley & Co.; Lee Higginson
Corp.; Paine, Webber, Jackson Ac Curtis; Watling Lerehen
& Co.; Baker, Weeks Ac Harden; Laurence M. Marks &
Co.;
Curtiss, House & Co.; Hawley, Sbepard & Co.;
Hayden, Miller Ac Co.; Laird; Bissell & Meeds; McDonald
8c Co.; Merrill, Turben At Co.; The Ohio Company; Prescott
& Co.;
Stein Bros. & Boyce; Whiting, Weeks &
Stubbs;
Bateman,
Eichler & Co.; Bosworth, Chanute,
liougnridge & Co.; Field, Richards Ac Co.; A. E. Masten
JSc Co.; Pacific Co. of California; Pacific Northwest Co.,
Lynch,
Harriman Ripley Ac Co.,
Newkirk &
by
Chemical
37,348,650 Monsanto
$54 per share (166,845 shares), offered by underwriters
at $b2y8 per share iu,5iu shares).
Oixered for subscrip¬
tion to stockholders. Unsubscribed shares offered by Merrill
Offered
share.
9,730,999 Eaton Manufacturing Co. 178,364 shares of common stock
(par $4).
Purpose, reimburse treasury for past and
future expenditures.
Price, purchased by stockholders at
'■
purchase of machinery, pay¬
Price, $5,125 per share. Offered
by Dallas Rupe & Son; Rauscher, Pierce &
Co., Inc.!
&
Go.,t Inc.; Dewar, Robertson 8c Pancoast; J. R.
Phillips Investment Co., Inc.; Pitman & Co., Inc.;
Walker,
Austin & Waggoner; Dittmar 8c
Co.; Sanders 8c Newsom;
R.
S.
Hudson
8c Co., Inc.;
Fridley & Hess; Milton R.
Underwood & Co.; A. W. Snyder &
Co., and William N,
Edwards Js Co^ ; V
7..-.
..;7. V' 7,;
1,200,000 Sonotone Carpi js6,00O<shares ^f - $1.25 cumulative cbn^
845,707 Mission Appliance Corp. 102,510 shares of common stock
(par $5). Purpose, purchase of properties, working cap¬
ital.
Price, $8.25 per share.
Offered by Lester & Co.
& Co.;
Ac Co.;
Irving J. Rice & Co.; McAlister, Smith & Pate. Inc.;
Mead
Irvine Ac Co.; Nelson Browning Ac Co.; The Ohio
Company: Pitman & Co., Inc.; F. L. Putnam & Co., Inc.;
Wm. C. Honey Ac Co.; Herbert W. Schaefer Ac Co.; Strauss
uay Ac
60,000 shares of common stock.
Price, $5 per share. Offered
of common
(par $1).
Purpose,
ment of obligations, etc.
stockholders.
to
Inc.; Dempsey Ac Co.; Emmanuel, Deetjen
First Securities Co. of Chicago; Grubbs, Scott
ana Taussig,
-7..
.
stock
297,900 Mexican Gulf Sulphnr Co, 99,300 shares of common stock
(par $10c).
Purpose,
acquisition,
etc.
Price, $3 per
Co.,
Ac Blosser,
Co.
&
Purpose, corporate purposes.
S. K. Cunningham Ac
Middlebrook;
&
Lytle
300,000 Magnlre Industries, Inc.
'
v;.
Riter & Co.
8c Stubbs and
297,250 Sollberger Engineering Co., Inc. 58,000 shares
shares of common
274,720 Hydraulic Machinery Inc. 136,000 shares of common stock
(par $1).
Purpose, acquisition of
machinery, working
capital. Price, $2.20 per share. Offered by Carr & Co.,
.
.
Die. Corp. 46,591
stock (no par). Purpose, refunding. Price, $21.75 a share.
Offered by Tttcker, Anthony & Co.; Hornblower & Weeks;
Shields & Company; Doolittle, Schoellkopf & Co.; Whiting,
76,883 Cribben & Sexton Co. 5,6*0 suares oi common stock (par
$5).
Purpose, working capital.
Price, $13.50 per share.
'
Offered by same bankers as offered the preferred stock
Monday, June 3,1946!
(1,888)
placed
privately by
the same
stock
7
;
(no par).
1,389,933 American Air Filter Co., Inc. 101,086 shares of common
7
stock
(par $1).
Price, $13.75 per share.
Offered by
Almstedt Bros.; Equitable Securities Corp.; The Banker®
Bond Co.; W. E. Hutton Ac Co., and Stein Bros. Ac Boyce•
;
iVolume
163
Number 4495
3,000,000 United Transit
4;'i
11:1
Co.
200,000 shares of
Price> $15 per share.
& 'Co., Inc.; Lazard Freres
-v
'&$■: '
i
fef
*
TUE
v
stock
common
&
&
-
Co.;
Forge Co. 60,000 shares of common stock (par
$1).
Price, $37.50 per share. Offered by Hornblower &
Weeks; Blyth & Co. Inc.; Paul H. Davis & Co.; Eastman,
1,755,000 Hoppers
&
Co.;
Shields
&
Co.; Schoellkopf, Hutton &
Inc.; W. E. Hutton & Co.; F. S. Moseley &
Co.; Piper, Jaffray & Hopwood and Betts, Borland & Co.
500,000 (F.) Burkart Manufacturing Co. 10,000 shares of common
Pomeroy,
Co.
Inc.; Parwell, Chapman & Co.;
First Cleveland
Corp.; Gordon Meeks & Co.; Kebbon,
McCormick & Co.; Nasnvnle Securities
Co.; The Robinson-
stock
$1).
(par
Walker
&
Price,
$50
share.
per
Offered
$10)v
*
'
-
^
18,990,000
American
and
Airlines,
(par
$5).
Price,
Deetjen
&
Co.;
'if-Viv.
Corp.;
Allen
&
Stifel,
Inc.
Inc.
Co.;
Brothers;
Adamex
Securities
A.
C. Allyn and Co. Inc.; Ames,
Auchincioss, Parker & Redpath;
Whipple & Co.; Baker, Weeks &
Bache
Co.; Bacon,
bear,' -mearns
inc.;
Harden;
Inc.; Blair
cc
A.
co.;
G.
Becker
ft
Co.
Parsons & Co.;
uranber.v,
1
I,
t
I
'
V
.
!■
.
:
j
f
f
*
i
;
G. H.
/
G.
Co.,
&
H.
&
&
{
2,250,000 American
t
stock
&
Metal
Inc.;
stock
Paul
Michigan
R-
S.
H.
Davis
Corp.;
Dickson
150,000 shares of
Offered by Watling,
Co.; Cruttenden & Co.;
ft
Reynolds
ft
Co.;
Butcher
ft
■JX
(par
Sherrerd;
ft
y
(par $11.
&
•
shares
of
Davis "ft
b'X
•
:j£X
319,368 American
shares
A
Blyth
Standard
stock.
common
by
&
Inc.,
740,000 Avon
\
Corp.
15,208
(approximately) $21.
First of
Michgan
Products, Inc. 14,800
preferred stock; (par $50).
by Hemphill,
and
F.
H.
1,900,000 Avon
Allied
stock,
hill,
Boynton
Noyes
& Co.,
Glore,
&
&
4%
cumu¬
per
share.
$51
F.
Moseley & Co.,
S.
100,000
shares
Moseley
&
of
Offered
Co.;
H.
common
F.
Riter
&
Co.;
Van
Alstyne,
Noel
&
Co.,
Francis
and
Co.;
Laird, Bissell ft Meeds.
News Publishers Assn.
X
Addressing
annual
the
dinner
of
twenty-fourth
the
Bureau
of
Advertising,
of
the
American
Newspaper Publishers
Associa¬
tion, at the Waldorf-Astoria in
New York on April 25, General of
the Army Dwight D. Eisenhower
told his listeners that "universal
and
stress
on
the
part which
can
be
played by newspapers in achiev¬
ing progress along this path.
Going on to discuss the third
path, the General said that unco¬
ordinated disarmament
could
ac¬
paths
be traveled simultaneously.
Pointing out that the first path
must
was
now
under
survey
by
the
United
•
Nations, General Eisen¬
hower spoke of the relationship
of mutual cooperation worked out
in the Western Hemisphere as an
example of how much
be
achieved
by
more
nations
can
through
arbitration than through war. As
to the second path, the General
asserted
that 'every
individual,
through a striving to comprehend
history, "the problems and aspi¬
rations of others," could contrib¬
ute
to
mutual
international
derstanding/ He
un¬
He
war.
continued,
according to the
address given by the
Associated Press: "In World War
text of
the
II, four great nations
paid a
ghastly price for failure to pre¬
laid^ particular
serve
grad.
For
us
it
was
Bataan
Corregidor.
dence
and
so
promote
a
more
turn,
erous
XX
road toward
caution to
our
goal.
that will hasten full attain¬
of the ultimate goal."
closing, General Eisen¬
hower said:
own
and
can
The
conviction
my
that
and prosperity of our
nation is a part of the peace
prosperity of
the family
We must realize that
of
we
do the most good through the
possession
of
the strength de¬
world responsi¬
manded
by
our
As
in
while
efforts,
all
to
other
worth¬
discharge these
responsibilities will require sacri¬
fice
on
the part of all of us."
not unbalanced.
But
this truth does not lessen the im¬
portance of insisting upon pro¬
gressive; universal disarmament,
The results will be
universally
peneficial.
First, the resources
Deputies for Foreign
Liquidatioii Commissioner
Wendell
Endicott,
General
poured
into
organizations Field Commissioner, and Chester
purposes
are
essentially T. Lane; Deputy Commissioner,
negative and sterile will be de¬
have been designated to act for
voted to the constructive
now
whose
purposes
peace.
But more than this—
the effect of progress along this
Mr.
ft
Co.,
and
'
1
"'t".
/
Candy
Co.
108,000
shares
of
common
fctoetc
Price,
>
and Irving J. Rice ft Co.. XX
&
&
Co.;
Co.;
150,000 shares of Class A
Price, $10.50 per share.
Cruttenden
Stein Bros.
'
a
Offered *>y Wert-
& Co.; A. G. Edwards
&
Boyce;
Hopwood.
Piper, Jaffray &
'
common
The
Ohio
ft Sons;
Company;
(par
Gas
&
Transmission
Co.
134,444 shares of
(par $5).
Price, $19.75 per snare. Offered
bankers as offered the $35,000,000 bonds with
stock
same
exception
of
Lehman
Brothers
(see
above).
,
$93,147,746
'"Indicates issues
placed privately.
(■Indicates special offerings.
surplus survey,
recently.
McCabe
left
FLC
Washington
early in March as a member of
Under Secretary of War Kenneth
C.
Royall's inspection party, which
planned to touch first at Hawaii,
then at Manila and Tokyo and on
around the world. In addition to
pediting
declarations
of
Army
to
FLC,
Mr.
McCabe
to confer with his own
Field Commissioners on plans and
surplus
planned
procedures
actual
for speeding up the
disposal of surplus. Mr. En¬
dicott
has
to
other
be^n appointed as a
Deputy Commissioner in addition
his
for
Mr.
act
matters
on
joined the FLC in
The United States had
well
over
successively
Field
a
stake of
$2,700,000,0CO in nearly
2,000 overseas installations at the
start of this year, the Commerce
Department reported on May %
according to Associated Press ad¬
vices from Washington on that
date given
in the New- York
"Journal of
Commerce," which
added:
v
.
Included
airports, seaports
and docks, cantonments, hospitals,
storage, transportation and agri¬
cultural and mining facilities and
equipment.
x
V
were
The Department statement said
its figures did hot include
500 installations held
in
as
Acting
Commissioner
f6r
by the Army
for which,
unavailable". Nor did
Japan and Korea,
data
they
were
cover
facilities made avail¬
able to the armed forces through
reverse
served
Central
Lend-I»ease,
a
contribu¬
Depart¬
tion estimated bv the War
ment at
$433,000.00.
the Pacific areas, where he organ¬
The Department said the Army,
ized the first Field Offices. Lately
by the start of this year, had dis¬
posed of 1,708 facilities which cost
he
has
acted
as
Commissioner
on
sioner.
his
will
all
relating to Lend-Lease.
Endicott
U» S. Stake in Overseas
Installations Abroad
,
and
its early days as a senior consul¬
tant
to
Mr.
McCabe
and
has
Thomas
durftig
on
pertaining to surplus disposal; Mr.
and
McCabe
duties
McCabe
Lane will act for Mr. McCabe
Foreign Liquidation Commissioner
B.
Scott
'
;
(par $1).
common
announced
Mr.
Endicott and Lane Named
H.
Grubbs,
Manufacturing Co. 110,000 shares of common
$5).
Price,
$25.50
per
share.
O'fered by
Corporation; Glore, Forgan .& Co.; Gold¬
man, Sachs ft Co.; Lehman Brothers; Smith,
Barney ft
Co.; A. G. Becker ft Co., Inc.; Harris, Hall ft Co. Inc.; •
W.
C. Langley &
Co.;
Paul H. Davis & Co.;
Merrflt^
Lynch, Pierce, Fenner ft Beane; A. C. AHyn and Co.,
Inc.; Hornblower & Weeks; W. E. Hutton ft Co.; Reyncdds
& Co.;
E. H. Rollins ft Sons Inc.; Boettcher and Co.;
Central Republic
Co., Inc.; McDonald & Co.; Bateman,
Eichler & Co.; Pacific Co. of
California; Dewar, Robegrtson
& Pancoast; Clement A. Evans
Co., Inc.; Laird, Bis¬
sell & Meeds; Mason-Hagan,
Inc.; Newhard* Cook ft Co.;
Paine, Webber, Jackson & Curtis; The Robinson-Humphrey
Company; Straus & Blosser and Wagenseller ft Durst, Inc.
by
all matters
bp observed is that dis¬
armament is
•
his work with Mr. Royall on ex¬
peace
nations.
Co.;
&
2,621,658 Tennessee
worldwide
two
permit further disarmament. Thus
there will develop a reciprocal ef¬
"I, reaffirm
|
Co.;
movement along the
others. That progress will, in
the
Inc.
comrawn
' -X-,
Top Brewing Co.
stock
&
rapid
Before
of
Union Securities
Co.; Ira Haupt & Co.; Hirsch &
Co.; Smart ft Wagner; Straus &
Alstyne, Noel & Co.
Van
Goodwin,
shares
2,805,000 Reliance
Marshall
bilities.
and
"On the record, uncoordinated
disarmament by itself is a treach¬
of
and
George
ment
spectre of
long and bloody retreat to Stalin¬
three
Pont
-
Moore & Co., Inc.,
stock
Stores, Inc.
100,080 shares of com¬
$5).
Price, $20 per share.
Offered by
H. M. Byllesby and Co., Inc.
Co.;
path will engender mutual, confi¬
fect
the
ment,"
all
&
du
and
the world of
coordination.
For France
the result was Hitler's
jig in Compiegne forest. For Britain it was
Dunkirk. For Russia it was the
that
I.
complish nothing toward ridding
enduring peace" lay along
three roads—"organized interna¬
tional co-operation, mutual inter¬
national understanding and pro¬
gressive
international
disarma¬
and
(par
Maxwell,
Blosser
Eisenhower Addresses
T.
1,575,000 Red
Clucas
100,000
&
$5,125 per
share.
Offered by Link,
Co.; Brailsford ft Co.; Shillin'vlaw,
ft
Co.; Kalman & Company, Inc.; Straus & Blosser; Herrick.
Waddell & Co., Inc.;
Sills, Minton ft Co., Inc.; <0. H.
Wibbing ft Co.; Mercier, McDowell ft Dolnhyn; Berwym
Department
stock
W.
&
Anne
$1).
(par
Gorman
D.
D.
B.
Bonbright & Co.; Bond & Goodwin Inc.; J. C.
Bradford & Co.; Buckley
Brothers; Cohu ft Torrey; Courts
&
Co.; Cruttenden & Co.; R. S. Dickson ft
Co., Inc.;
A.
G.
Edwards
and
Sons; Fred W. Fairman &
Boynton
Inc.; Goldman, Sachs & Co.; Smith, Barney &
Co.;
Forgan ft Co.; Hayden Stone & Co.; Shields &
Company;
&
heimer
E.
Murch
Co,(-XV
Gardner.
Loewi
mon
Bond
by
Blyth As
stock fpar $1).
common
by
common
Offered
and
ft Co.; Ttae
Stein Bros.
E. W. Clark & Co.; Hallowell, Sulzberger ft Co.;
ft Co.; Moore, Leonard & Lynch and Reiinhcrtdt
Janney
&
Co.;|
by Hemp¬
Co.,
2,112,554 Puget Sound Pulp & Timber Co. 79,719 shares of commwa
stock
(no
par).
Price, $26.50 per share.
Offered by
First California Co.; Walston, Hoffman & Goodwin- Alien
& Co.; Blair & Co., Inc.; Lester ft
Co.; Scherck, Rlchtear
Co., and Kitchen & Co.
-■*{ ■
'.
*
stock
Floyd
Inc.
share.
& Boyce;
L.
F. Rothschild
& Co.;
William R. Staats Co.; Stern„
Brothers ft Co.;"The Wisconsin Co., and Dean
Witter
Inc.
S.
by
Offered
Co.,
ft
Jenks, Kirkland & Co.; A. E. Masten
Company; Singer, Deane & Scribner;
Ohio
above).
2,000,000 Hearn
F.
Lord;
&'£oM
Co.,
Price, $19 per share.
Co.;
of
Price
Inc.
Products,
(no par).
shares
Noyes & Co.;
Offered
Car
H.
&
553,500 Queen
share.
per
share.
per
per
Roney
Republic Co. (Inc.); Hallgarten ft Co.; HempMH,
Noyes ft Co.; E. H. Rollins & Sons, Inc.; Biddlv Whrten
& Co.; Hayden, Stone & Co.; Laurence M. Marks &
Co.;
Newburger. ft Hano; Reynolds & Co.; Stroud fr Comianv,
Inc.; Whiting, Weeks & Stubbs;' Granbery, Marache ft
Inc.
81,000 shares of common stock (par
Price, $23 per share; Offered by Goldman, Sachs
Co.; A. C. Allyn nd Co., Inc.; Bacon, Whipple <fc
Co.;
Baker, Watts & Co.; Bear, Stearns & Co.; A. G. Becker
& Co., Inc.; Betts, Borland &
Co.; George D. B. Bonbright
&
Co.; J.
C.
Bradford
&
Co.;
Central
Republic Co.
(Inc.); Paul H. Davis & Co.; Elworthy &
Co.; Estabrook
& Co.; Clement A. Evans &
Co.; First of Michigan Corp.;
Morris F. Fox & Co.;
Hemphill, Noyes & Co.; Hornblower
& Week's; W. E. Hutton &
Co.; Kalman & Company, Inc.
Kebbon, McCormick & Co.; Lehman
Brothers; Loewi &
Co.; Merrill Lynch, Pierce, Fenner &
Beane; The Mil¬
waukee Co.;
Mitchell, Hutchins & Co.; Moore, Leonard
& Lynch;
Maynard H. Murch & Co.; Pacific Northwest
Co.; Piper, Jaffray & Hopwood; Riley ft Co.! Riter &
and
Allied
lative
Offered
Coburn
common
$19,875
C.
Wm.
(par
$5).
Sanitary
Price
Co.,
$5
of
•
ft
&
Corp.
.
■V,'
Radiator
of
Offered
Company;
shares
IE.
Central
1,863,000 Globe-Union
& Co.
.
&
W.
9,200,000 Publicker Industries, Inc. 400,000 shares of common stoek
(par
$5).
Price,
$23
per
share.
Offered by
Merrill
Lynch, Pierce, Fenner & Beane; Blyth ft Co., Inc.; TUw
First
Boston
Corp.; Drexel ft Co.; Eastman, Dillon ft
Co.; Hornblower ft Weeks; A. G. Becker ft Co., Inc.;
Casting Co. 150,000 shares of com¬
(par $1).
Price, $6 per share.
Offered by
bankers as offered stock being sold
by company
(see
Hemphill
Co.;
Price,
Rice
20,000
Price,
Co.;
Steel
Maynard
stock
mon
stock
common
$1).
Weinress
900,000 Gerity-Michfgan Die
Noyes & Co.; Kidder,
Peabody & Co.! Carl M. Loeb, Rhoades & Co.; White,
Weld ft Co.; W. C. Langley & Co.; Adamex Securities
Corp.; Auchincioss, Parker ft Redpath; Laird, Bissell &
Meeds; New York Hanseatic Corp., and C. E. Unterberg
X<X
I
H.
105,000
J.
Weeks;
$1).
Price, $26 a share.> Offered by .Knlm,
Co.; A. G. Becker ft Co., Inc.; Union Securities
Blyth & Co., Inc.; Glore, Forgan & Co.; Goldman,
Sachs
&
Co.;
Harriman- Ripley
ft
Co., Inc.;
Lazard
Freres ft Co.; Lehman Brothers;
Smith, Barney ft Co.;
Stone
&
Webster
Securities;
Eastman,
Dillon
ft
CSo^
Hemphill, Noyes ft Co.;
Lee
Higginson Corp.;
Pai»e,
Webber, Jackson & Curtis; White, Weld & Co.;
A. -C.
Allyn and Co,, Inc.; E. H. Rollins ft Sons Inc.; McDona3d
&
Co.;
Kebbon,
McCormick &
Co.;
Reynolds
ft Co.;
Haupt & Co.
Cerf Co.
Price, $15.50 per share.
Offered by Hornblower
Union Securities Corp.; Kuhn, Loeb & Co.;
Weeks;
Paul
Co.
Irving
and Ira
$1).
same
Molasses
Co.;
100,000 Fleming-Hall Tobacco Co.
of
ft Co.
1,575,000 American
if V
stock
Corp. 140,000 shares of common stock
Price, $7.25 per share. Offered by First Colony
Simons, Linburn & Co.; Courts & Co.; Johnston,
&
&
Corp.;
Co. of N. Y. 20,000 shares of common
$2.50).
Price, $31 per share. Offered by Lee
Middlebrook
Lerchen
Co., Inc.; Hayden Miller & Co.; Stern
Brothers ft Co.; Townsend,
Dabney & Tyson; Geo. D. B.
Bonbright & Co.; Piper, Jaffray & Hopwood, and E. H.
Schneider
$6
Loeb
Corp.
common
First
Price,
$1).
Lemon
Co.
Hornblower
900,000 National Co. 150,000 shares of
1,015,000 District Theatres
(par
Son;
Co.
(par
2,600,000 Pressed
Supply
(par
Corp.;
Price, $15.
stock
Co.; Doolittle, Schoellkopf & Co.;
Jaffray & Hopwood; Sage, Rutty &
Co., Inc., and Vietor, Common, Dann
Stroud &
ft
&
Reynolds ft
Co., Inc.
&
Piper,
Co.
620,000 Dentists'
Co.
Products
(par $2).
Co.;
&
Hilliard
B.
Co.;
556,500 National Automotive Fibres, Inc. 28,000 shares Of
1,298,438 Cuban Atlantic Sugar Co. 37,500 shares of common
stock
(par $5).
Price, $34,625 pec share.
Offered by same
bankers as offered the
preferred stock (see above).
Foreign Power Co., Inc. 25,000 shares of $6
(no par).
Price, $114 per share.
Offered
Lazard Freres
Walker
Co.;
(par
stock (no par).
Price, $44 A per share.
Offered
Sachs .ft Co,; Piper, Jaffray ft Hopwood;
Allyn' and Co., Inc.; Blyth ft Co., Inc.; J. M..
Dain ft Co.;
Paul H. Davis & Co.; Eastman, Dillon ft
Co.; Farwell, Chapman & Co.; ' The First Boston Coup.;
Grubbs, Scott & Co.; Harriman Ripley ft Co., Inc.; J.
Wisconsin
Merrill, Turben & Co.; Piper, Jaffray &
Hopwood;
& Co., Inc., and Stroud & Co. Inc.
Loewi
stock
common
243,870 Mission Appliance Corp. 29,560 shares of common stock
(par $5). Price, $8.25 per share. Offered by Lester ft Co.
stock
Co.;
Goldman, Sachs
&
Co.; Harriman Ripley & Co. Inc.;
Kidder, Peabody
&
Co.; Lazard Freres & Co.; Lehman
Brothers; Bear,
Sterns & Co.; A. G. Becker &
Co., Inc.; Hallgarten & Co.;
Hayden, Stone & Co.; Hemphill, Noyes & Co.; Hornblower
& Weeks;
F. S. Moseley & Co.; Paine,
Webber, Jackson
& Curtis; White, Weld &
Co.; Reynolds & Co.;. Riter &
Co.;
of
Offered by Van Als,yne, Jtoel
C,
Co.;
preferred stock
by
Placed
Common'
Offered bv Wertheun & Co.;
Ladenburg, Thalmann &
Blyth & Co. Inc.; Glore, Forgan &
Walker & Co.;
2,850,000 American
of
Rutty
Higginson
f&i
shares
1,000,000 Cuban Atlantic Sugar Co. 10,000 shares of
5% cumulative
preferred stock
(par $100).
Price, $104 and dividend.
Watling, Lerchen & Co.; Westheimer
and Co.;
White, Weld & Co.; Winslow, Douglas & McEvoy and Dean Witter & Co.
r
39,305
Beane; Hemphill,
Noyes & Co.; Hornblower & Weeks; Lee Higginson
Corp.;
Carl
M. Loeb, Rhoades &
Co.; Paine, Webber, Jackscn
&
Curtis; Shields •& Co.; Spencer Trask &
Co.; Dean
Witter & Co.; G. H. Walker &
Co.; Baker, Watts & Co.;
George D. B. Bonbright & Co.; Curtiss, House &
Co.;
Doolittle, Schoellkopf & Co.; Kaiser & Co.; McDonald
Co.,
Schwabacher ft Co.; Shields ft Co.; I. M. Simon
Co.; Singer, Deane & Scribner; Smith, Barney & Co.;
Smith, Hague & Co.; Wm. R. Staats Co.; Starkweather
&
Co.; Stein Bros. & Boyce; Stern Brothers & Co.;
Stifel, Nicolaus & Co., Inc.; Stix & Co.; Stone & Webster
Securities, Corp.; Straus & Blosser; Sutro & Co.; Taussig,
Day & Co., Inc.; Spencer Trask & Co.; Tucker,
Anthony
& Co.; Union Securities
Corp.; Van A.styne, Noel ft Co.;
v
Co.
Publishing Co. 100,000 shares of common
par).
Price, $43 per share. Offered by Wertheim & Co.; Blyth & Co..
Inc.; The First Boston Corp.;
Goldman, Sachs & Co.; Kidder, Peabody & Co.; Lehman
Brothers; Smith. Barney & Co.; Ladenburg, Thalmann &
Co.; Merrill Lynch, Pierce, Fenner &
&
y
Sexton
capital
(no
Sage,
shares
Co.; Kalman & Co., Inc.; Kebbon, McCormick
Kidder, Peabody ft Co.; Lee Higginson Corp.;
Lehman Brothers;
Carl M. Loeb, Rhoades ft Co.; The
Milwaukee Co.; F. S. Moseley & Co.; Pacific Northwest
Co.; Shields & Co.; Smith, Barney ft Co.; Union tsecuriifce^
Corp.; Wertheim ft Co.; Whiting, Weeks ft Stubbs; TMc
4,300,000 Crowell-Ccllier
& Co.;
45,000
by Goldman,
&
$5).
Price, $13.50 per share.
Offered by Paul H.
&
Co.; Bacon, Whipple & Co.; Central
Republic
(Inc.); Ames, Emerich & Co., Inc.; G. H. Walker
& Co., and
Walston, Hoffman & Goodwin.
stock
Inc.
•
Hutton
(par
Inc.;
1
;
J.
Davis
Reynolds & Co.; Riter & Co.; E. H. Rollins & Sons Inc.;
Wm. C. Roney & Co.; L. F. Rothschild &
Co.; Schoellkopf,
Hutton ft Pomeroy, Inc.;
Schroeder Rockefeller &
i
&
Co.,
Price, $39 per share.
CO.-
A.
Co.
Harriman Ripley &
(Inc.); Hayden, Miller & Co.; Hayden, Stone & Co.;
Hemphill, Noyes & Co.; Carlton M. Higbie Corp.; J. J. B.
Hilliard & Son;
Hirsch ft Co.; Hornblower & Weeks;
W. E. Hutton & Co.;
Johnston, Lemon, & Co.; Josephthal
& Co.; Kalman ft
Co., Inc.; Kebbon, McCormick & Co.;
Kidder, Peabociy & Co.; Kirchoier & Arnold, Inc.; Kuhn,
Loeb & Co.; Laird, Bissell &
Meeds; W. C. Langley ft
Co.; Lazard Freres ■.& Co.; Lee Higginson
Corp.; Lester
& Co.; Carl M. Loeb, Rhoades & Co.; W. L. Lyons & Co.;
Laurence M. Marks & Co.; Maxwell, Marshall &
Co.;
McDonald ft Co.; Gordon Meeks &
Co.; Mellon Securities
Corp.; Merrill Lynch, Pierce, Fenner & Beane; Moore,
Leonard ft Lynch; F. S.
Moseley & Co.; Nashville Securities Co.; Newhard, Cook ft Co.; Pacific Co. of
California;
Pacific Northwest Co.;
Paine, Webber, Jackson & Curtis;
Piper, Jaffray & Hopwood; Prescott ft Co.; R. W. Pressprich & Co.;
Putnam
&
Co.; Reinholdt ft
Gardner;
.
i
Natural Gas
Co'. 42,000
shares of
(par
$15).
Price,
(approximately), $50,
privately by Lazard Freres & uo.
stock
Marache & Lord; Hallgarten &
Co., Inc.; Harris, Hall ft Co.
Co.;
f
"2,100,000 Consolidated
530,617 Cribben
&
common
'v.
.
& Co., Inc.;
William Blair ft Co.; Blyth ft
Inc.; J. C. Bradford ft Co.; Alex. Brown ft
Sons;
'■*0'
M. Byllesby and Co., Inc.; Campbell, McCarty &
Co.,
'■■Pm-Inc.; Central Republic Co. (Inc.); E. W. Clark &
Co.;
Cohu &
Torrey; Courts & Co.; Cruttenden & Co.; Dempsey-Tegeler & Co.;
Dominick
ft
Dominick; Francis I.
du Pont &
Co.; Eastman, Dillon & Co.; Equitable Secur¬
ities Corp.; Estabrook &
Co.; Clement, A. Evans ft Co.,
Inc.; The First Boston Corp.; First Colony
Corp.; First
of Michigan
Corp.; Folger, Nolan Inc.; Glore, Forgan &
Co.; Goldman, Sachs & Co.; Goodbody & Co.;
Graham,
■'»Co.,
3015
3,181,509 Minnesota Mining A Manufacturing Co. 72,000 shares of;
by G. H.
-
1,852,500 Capitol Records, Inc. 95,000 shares of common stock (par
25c).
Price, $19.50 per share. Offered by Lee Higginson
Corp.; Carl M. Loeb, Rhoades & Co.; A. C. Allyn and
Co.,
Inc.;
Paul
H.
Davis
&
Co.;
Hallgarten & Co.;
Reynolds & Co.; E. H. Rollins & Sons Inc.; Shields & Co.;
Pacific Co. of California;
Bateman, Eichler & Co.; Wagenseller & Durst, Inc.; Cruttenden & Co.;
Emanuel, Deetjen & Co.; Johnston, Lemcn & Co., and Johnson, Lane,
Space and Co., Inc.
♦
per
&
Co.,
Co.,
211,000 shares of common stock
share.
Offered by Emanuel
$90
Lehman
Emerich
ft
Nicolaus,&
\"
v
Co.
■
Humphrey Co.,
•*-. i*
1,261,808 Kingston Products Corp. 148,448 shares of common stock
(par $1). Price, $8.50 per share. Offered by Alison ft Oo.
Dillon
The
iX
•
2,250,000 Buffalo
(par
Offered
by Harriman Ripiey
Smith, Barney & Co.;
Lee Higginson
Corp.; Alex. Brown & Sons; Riter & Co.;
G. H. Walker ft Co.; Barrow, Leary & Co.; J. C. Bradford
& Co.; Julien Collins &
Co.; Doolittle, Schoellkopf & Co.;
Clement A. Evans
;
€OMMERClAt^& MM
as
a
adviser
to
the
Pacific problems
General Field Commis¬
the United Stat-* W4 000,000 and
the Navy had disposed of 96, rep¬
resenting expenditures of $11®^*
*
000,000.
3046,
Gross and Kef
Earnings of United Slates ;
Railroads for the lonth of Fdbraary
the current
February figures
year.
For
February of the current year the gross earnings were
$579,136,125, which is 18.75% less than for the same month in 1945.
In comparison With the month of
January,
down
Q.63%.
In net earnings there
February 1946 in contrast
When
compared
the
with
with the
was
'the February fgross was
decrease of 39.53%
a
corresponding month
for
1945.
in
January net earnings, the February net
figure of $128,908,543 shows
decrease of 14.52%.
a
The i following
tabulation presents a comparison; of the gross and net
earnings lot
month in 1945:
Incr. (+) or Deer. (—)
,
Month of January—
>
Mileage of
129
1946
1945
roais______
227,799
228;539
earnings____—$579,136,125
Operating expenses
450,227,582
earns._
—
(77.74)
$213,163,750
740
—
499,642,576
(70.10)
,<Net: earnings—$128,908,543
].y As usual,
%
$133,"670,201
—
$712,806,326
~
_______
49,414,994
9.89
—39.53
we now turn to a geographical grouping of the rail¬
earnings.
24.59%
In the
shown
was
gross classification
by -the
the
decrease
largest
Southwestern region,
of
and the Central
Western and Central Eastern region were next in that order with
decreases
of
region with
21.97%
21.94%
and
The New England
respectively.
decrease of only 8.24%
a
the closest to its gross
came
earnings of February 1945. The greatest decrease in net earnings,
of
56.49%,
recorded by the Central Eastern region.
was
western region was second with
Western
region
44.05%.
Once
indicated
the
a
are
third
largest
a
The North¬
$156,156,486
172,751,230
$12,180,071
27.377.858
197,009,201
200.418.368
3,409,167
of
one
23,823,138
271,928,066
285,776,203
269,272,382
260,627,752
289,392,150
2,655,684
25,148,451 i
61,656,597
348,749,787
424,172,348
72,431,089
19,171,075
1946
For
1945
$
Nelv England region (10 roads)—
Gfeat Lakes region (23 roads)
Central Eastern region (18 roads)_
Total
(51
22,680,518
89,773,889
107,992,479
an
roads)
220,446,886
—
242,928
242,837
244,809
+
0.99
249,795
248,738
+
9.65
238,891
237,463
Under schedules now on the way
+
21.31
232,957
233,266
to
+ 20.77
231,304
235,653
1.18
235.528
7.16
235,506
235,876
5.11
236,642
236,031
24,441,938
5,029,255
8,723,567
456,487,931
475,265,483
427.465.369
18,292,585
48,034,122
91,327,690
336,182,295
—
12.850.859
69,289,775
248,104,297
+
235,625
1.11
237,970
236,870
239,584
238,731
4.01
234,884
—10.11
242,348
242,668
242,113
—21.37
242,660
242,726
—20:61
242,312
240,943
52,380,018
—19.67
241,189
241,467
+ 17.10
2.60
+
—
+
239,389
248,122,284
6,444,483
254,555,005
+17.87
238,162
237,051
300,021,278
7.07
233,515
321,149,675
70,590,873
—21.98
234,851
235,620
250,510,207
25,831,649
+ 10.31
233,708
234,789
276,341,857
36,407,585
+13.18
233,010
233,704
357,580,996
312,869,481
232,415
233,052
462,482,830
357,564,014
462,482,830
44,711,515
104,918,816
+14.29
+ 29.35
231,593
+ 43.47
229,570
231,593
+10.83
228,778
229,263
3.06
228,545
228,844
—18.75
227,799
228,539
663,533,786
735,305,465
663,479,220
735,305,464
712,806,326
712,806,326
579,136,125
+
+
71,826,245
22,499,138
—
133,670,201
-Net
Decrease (—)
$47,622,634
$36,072,983
56,204,145
48,910,423
49,718,911
57,411,107
56,580,655
49,135,958
59,461,341
57,458,572
51,257,053
39,274,776
51,043,120
+
3.48
+
+
80,331,661
—
21,367,362
56,250,628
—
28,944,«20
28,814,420
—
10,688,571
20,771,731
27,117,462
8.24
1921
16,209,876
—15.29
1922
30,357,767
—21.94
1923
9,234,932
70,387,622
—
48,604,239
—18.07
—
19,836,045
—18.40
—
3,769,245
—
23,605,190
—16.48
104,441,895
*-10:84-
143,208,041
70,729,908
1928
35,429,709
_
1925
107,778,332
+
+
.
76,630,334
104,117,278
99,460,389
_
—
21,824,020
__
269,051,125
■'
+
+
—
26.60
region
(26
Pdcahontas region
roads)
(4
roads)
"
99,480,650
107,148,249
_
1929
(30
roads)
119,602,651
126,368,848
Western District—
;
Northwestern
region (16 roads)
region (14 roads)
Southwestern region (18 roads)—
58,040,862
Central Western
06,244,931
166,283,154
68,019,075
—
-
129,751,193
51,294,333
—
—
8,204,069
36,531.961
16,724,742
»—~ --ri
Total
(48
roads)
251.47
+
47.20
(129 roads)
___
300,547,160
712,806,326
District and Region—
C
—Mileage—
Eastern Districts-
1946
0.03
at
+
7.79
urged
+
23,884
20,627,934
32,548,481
56,009
33,500,687
58,456,953
region— 37,261
region.
6,024
37,324
24,303,113
6,005
11,759,440
40,132,728
13,521,331
43,285
43,329
36,062,553
53,654,059
region 25,551
Central East, region
0.50
Uv'
25,562
5,280,538
155,890
—
55,970
—
Southern
Total
2.95
Employment Service, so
that the matter of finding jobs for
13.17?
14,727,011
—
+
19,009,701
+
8.39
+
5,030,495
9,199,020
+
16.60
+
13,140,009
+
20.33
35,705,600
77,778,245
—
42,072,645
1939
56,242,842
35,711,887
+
20,530,955
+
57.49
1940
72,888,743
56,242,821
+
16,645,922
+
29.60
29,726,070
32,143,807
120,195,982
+
40:72
+
31.29
+
89.11
1941
102,734,685
73,008,615
+
134,878,897
255,074,879
102,735,090
+
1943.
154,878,897
+
—
1942___
____
_
1944
255,046,330
—
—56.49
243,211,633
1945
213,163,750
243,211,633
24,956,266
^-42;'69
128,908,543
213,163,750
—
15,829,615
1,761,891
—3944
—
—
17,591,506
—32.79
__
—
54.09
;
<
4.64
11,834,697
—
30,047,883
—
—
84,255,207
—
—
12.35
39.53
Southwest
28,-607
rn
region
28,476
7,592,680
35,948,386
15,804,237
14,754,335
58,053,161
28,245,303
—
7,161,655
all
22,104,715
—38.08
—
12,441,065
—44.05
101,052,738
—
41,707,435
OF
COPPER
dists.__227,799 228,539
128,908,543
213,163,750
—
84,255,207
INSTITUTE
—39.53
of the roads conforms to the classification of tire interstate
Commission,
and
the
following
indicates
the
confines
of
the
different
New England
\>m4eTea',t
New
England and
from Chicago via
U.S. Duty
Year 1939—
New England States.
Section.theCahadiahbOu^
159,485
142,772
—41,417 c
—
307
—48,671
—
16,636
—
r—
75,564
65,309
1,194,699
1,206,871
1,056,180.1,098,788
841,667 - 843.113
1,643,677
1,636,295
52,121
—12,172
—42:608
—
—
1,517,842
1,016,996
1942—
Year 1943—
westerly shore of Lake Michigan to Chicago, and north of
Pittsburgh to New York.
"
line
a
Year
1945—
1.152,344
the
to
Parkersburg, W. Va., and a
southwestern comer of Maryland and
by the Potomac River to its
mouth.
■'
.
.
/
SOUTHERN DISTRICT
Southern Region—Comprises the section east of
the Mississippi River and south
point near Kenova, W. Va., and a line thence following the
•astern ooundary of Kentucky and the southern
boundary of Virginia to the Atlantic.
-
of the
Ohio River
to
a
'
Pocahontas
Virginia,
east
Region—Comprises
of
Kentucky
and
the
the
section
Ohio
River
north
of
north
•outh of
a line from
Parkersburg to the southwestern
by the Potomac River to its mouth.
to
the
southern
boundary
of
V
WESTERN DISTRICT
~
Northwestern
Region^omprlseS the section,
Lakes Region
by the Columbia
north of
336,036
909
65,448
+12,997
67,726
145,904
- —
59,715
+
69,950
76,395
172,585
218,488
57,142
—
—
51,861
+
75,436
85,319
74,377
161,111
139,203
94,031
—
55,453
72,995
88,661
$6,840
83,478
Mar.,
1945-
Apr.,
May/
June,
194519451945-
74,392
74,469
July, 1945.
Aug., 1945Sept., 1945-
72,855
68,253
64,091
from St.
line from
to the Pacific.
domestic consumption.
tAfc
Southwestern
Region—Comprises the section lying between the Mississippi River
a line -from St. Louis to Kansas
City and thence to El Paso
fesd toy the Rio Grande to the Gulf of Mexico.
4
,
refineries
-
,
—
7,065
2,573
5,281
3,592
8,388
6,897
5,428
4,150
11,641
-—
and
,
re-1
eliminate]
job
unnecessary
town
country. It is
a
or
*
the •';
a.cross
vital reconversion $
tool.
the
"But
jobs.
That
USES
1
is
cahnot
the
/
create;;
function *"'ofV v
private employers. The USES
play
can.'
its: vital role in speeding tiier
readjustment :-of the#^eram%hd'|
the
displaced war; Worker only J;
if employers throughout the na-;
tion
list
their job
openings with
local bffices of the USES.
"In the interest of
8,256
1,540
21,693
+10,390
4,090
—and to do
—
+
paid foreign
duty
4,801
copper
'
-
,
can
placement on jobs in
home
their job
512
2,087
and custom intake including scrap.
on
It
It provides information >
about and
the
workers'
war
employment.
3,713
—
74,339
909
consignment and in exchange
eohsumers' stocks at their plants or, warehouses.
"
•
expediting the'?
-
NOTE—Statistics for the month of March, 1946,-have been
revised.
re-employment process, I urge
employers
all;
list
to
openings with the USES?
so
without delay. By
this means, employers can
assist*'
turning veterans and to displaced
war
workers
service
-
everywhere
the Government to give to our re¬
for
warehouses,' but hot including
fComputed by difference between mine and refined production:
v,.
speed up the veterans' and»
displaced
—10,830
74,425
——
deliveries of
' ,i
the
72.V99
75,756
Includes
—
11,064
+18,946
65,448
f94X,
—
874
—
70,249
March;
ties to
5,238
58,590
smelter production or shipments,
9,732
>
veterans'
the
problems,
the
USES
has
the
primary responsibility for expe¬
diting his employment. Further- >
more; it is the only agency of the >
government which has the facili¬
1,041
4,632
3,421
20,139
18,989
or
+
t
Federal; agencies
with
—
41,832
29,379
•Mine
14,659
140
,
73,913
1946.1946."
^Beginning
the
concerned
13,188
+
—
Washington, said:
all
76,512
1946-
,
1,044
16,713
67,208
10,255
2,106
—
68,675
115,601
86,089
142.
—
80,316
69,008
49,923
•
6,028
2,454
—10,850
—
76,166
58,178
41,667
Mar.,
.
—
63,841
70,738
—
104,104
119,973
103,464
1946-
Apr.,
69,127
45,145
,
70,363
70,218
66,062
69,322
65,586
62,641
Dec.,
•outh of St, Louis and
72,271
104519451945- V
Oct.,
Nov.,
Portland,
Region—Comprises the jeCtion 'South
the Northwestern Region
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
1,446
' 158,059
Central Western
west of
—
73,754
67,496
76,537
adjoining Canada lying west of the
Une from Chicago to Omaha and thence to
River to the Pacific.
a
+
171,056
Jan.,
Feb..
Parkersburg, w Va
and
of Maryland and thence
corner
,
76,512
17,785
1946
»T
thence
66,780
+
Jan., 1945—
Feb., 1945—
4 Mos.,
c*ntral Eastern Region—Comprises the section south ?0f the Grfeat LakCS
Regidfc
«*stof
'from Chicago through feoWa to St. Louis and the
Mississippi River to the
mouth of the Ohio River, and north of the Ohio River to
—130.270
134,152
48,537
1,545,541
1,635,236
992,293
1941—
Year 1944—
§Blister
814,407
1,001,886
1940—
Year
Region—Comprises the
|J*£ion--Co|ittprte^
the
Stock Increase! +)
or Decreases (—)
Refined
End of
Period
Export
818,289
1,033,710
1,065:667
1,135,708
836,074
Year
Year
-
tDomestic
"Of
hunting.
Stocks
to Customers
Production
♦Crude
Refined
Free Copper
Press from
wasteful
tRefined
Deliveries
EASTERN DISTRICT
line
MEMBERS OP THE COPPER
STATISTICS REPORTED BY
>41.27
«
Commerce
SUMMARY
(In Tons of 2,000 Pounds)
59,345,303
groups and regions:
following statistics
—48.54
—
.128,544 129,20.1
Total
The Copper Institute on May 10 released the
pertaining to production, deliveries and stocks of duty-free copper.45,668
54,926
Total
Latest Summary of Copper Statistics
—13.03
returning veterans might be ac¬
Pointing out that it was #
the responsibility of employers) as i
well as agencies of government to
see that aid is given to veterans +
and
displaced war workers in
their search for work, the Presi- &+
dent, in a statement issued Mar.?
14, according to the Associated +
celerated.
46.46
64,603,867
•>
States
26.21
—
59,927,200
—31.09
Western District—
Northwe-tern region 45,538
Central West, region 54,530
*
15.94
22.39
33.73
District—
Pocahontas
(Hid
—
peak, President
Truman
employers throughout the
a
nation to make use of the United
.
Southern
'
—
55,402,531
6,412,953
18,387,423
—
+
17,381,393
28,128,967
32,904,121
1938_
!
—
—
8,702,988
56,187,604
40,914,074
54,896,705
64,601,551
77,743,876
I-
1946
Total
•
23,881
18.75
-j—•—
Inc. (+ fr or Dec. (—)
' "
$
%
$
5,124,648
14,214,981
14,161,058
takes
1935
1936
38,008
66,078,525
57,375,537
41,460,593
59,923,775
1937
.v.v.:
—133,670,201
1345
$
6,563
—24.59
—2045
Net Earnings
1946
1345
6,538
New England region
Great
—-
1933
—21.97
61,460,772
—
1932_
+
—
—
in¬
average
With the rate of demobilization
4.76
—
7,748,287
541,678
+
12-cent
Urges Use of USES
8.14
—
4,981,506
+
one.
+ 124.92
+
6,242,712
—
108,987,455
125,577,866
97,522,762
97,448,899
64,618,641
-1934
—12.38
:——
239,086,388
579,136,125
_—
Total all districts
.
1930
1931
Total
99,518,658
99,399,962
.107,579,051
step-
crease.
■
1927
87,942,387
31,660,464
the
below
4.13
•
1926
^Southern DistrictSouthern
in
the middle
60.58
—
33,387,370
—
so
However, this variation will not
be greater than 1 cent above or
51.45
—
16,428,891
11,536,799
54,882,820
—
56.59
—
1,191,014
step-rate
employees
than
rates other
30.50
+
third
or
for
33.40
—
11,982,277
28,886,343
58,964,299
median
that there may be a variation in
increase
19,895,047
—
27,623,406
—
—
2,002,769
the
16.84
27,305,808
__
The increases will be applied to
12.13
+
+
59,553,012
79,929,463
_
6,861,744
as
pay
seniority and
skill, the War Department's un¬
graded wage administration plan
provides for five divisions, or steprates, within thirty-six industrial
grades. There is a 5% differential
between step-rates for each grade.
14.91
8,275,149
increased
for
the worker acquires
32.02
+
—
+
1920
%
2,036,596
+
—
Stockton, Calif., with
allow
To
%
+
$11,549,651
7,293,722
1919
—
—
+
ac¬
"Times" advices added:
The
Increase (+ ) or
Preceding
flat increase,
Staunton, Va., with a 19-cent ad¬
vance, and
16 cents.
Earnings-
Year
Year Given
surveys
12-cent
the
232,414
201,050,956
made since
day will reduce the amount
wage
cording to the announcement. Ad¬
justments above 12 cents will be
maintained,
as
in Washington,
where increases of up to 18 cents
an
hour have been authorized;
234,285
250,558,802
276,341,856
312,749,442
of
+
-
resulting
increases
locality
V-J
239,433
238,280
321,247,925
45,494,779
21,226,647
that
from
241,263
254,566,767
300,049,784
1918_
$
jobs will be applied to the rates
in effect or authorized on Aug. 18,
1945.
Advices from Washington
to the New York "Times", stated
236.529
236,839
1.90
2.74
36,221,471
266*231,186
211,882,826
1914
=
234,880,
235,399
+
468;532,U7
263,892,520
213,851,168
facilities, such as arsenals and ; i
quartermaster and signal depots, >
the flat increase for all Ungraded
234,510
—
expected to average 12 cents
hour, effective from April 14.
are
an
231,017
4.52
—
31,939,712 i
454,198,055
336,137,679
workers
reported to already earn more
than the minimum, but increases
are
246,186
+ 11.18
4^9,084,911
474,780,516
427,231,361
some
through¬
245,541
4,772,834
459,227,310
1917
»
233,191
covering
schedule
0.61
—
467,808,478
455,681,258
1924
'
■
237,756
244,925
44,745,531!
1913
explana¬
inc. ( +) or Dec. (—)
24,717,114
105,983*765
138,350,246
6.59
237,082
240,986
300,000 civilian workers
out the country.
Most
400,146,341
445,870,232
478,451,607
454,009,669
1916
$
Eastern District—
231,805
+ 27.68
1,303,286
1912
Gross Earnings
;—
'
235,483
+
58,005,851
1911
SUMMARY BY GROUPS—MONTH OF FEBRUARY
'
wage
1.70
405,203,414
444,891,872
477,809,944
1915
District and Region
20,752,155
1910
decrease of
a
tion of the grouping consult the footnote subjoined to the table.
p-
227,868
Month of February
In the following tabulation
geographical grouping.
212,236
231,296
—10.22
14,389,312
233,056,143
212,163,967
209,573,963
421,180,876
405,001,273
400,430,580
War
215,383
+10.52
218,336,929
351,048,747
minimum
a
7.80
—
209,233,005
210,860,681
267,579,814
1.
of
basis
rate of 55 cents an hour, the
Department has revised its
wage
+15.85
+
218,031,094
232,726,241
197,278,939 '
Year
Preced'g
1909
with
decrease
again the New England region with
arranged in
one
decrease of 48.54, and the South-
2J95% recorded the smallest fluctuation.
the roads
$168,336,557
200,129,088
%
the
On
Year
Dec. (—)
Given
Inc. (+ ) or
1937—-
roads. Once again all the
groups recorded decreases in both gross and
net
111999225488607
-Mileage-
Earnings-
Year
Preceding
1931——
—18.75
$84,255,207
—
Army Increases
Workers' Wage
1930
0.32
—
—
comparison of the gross and net
a
Given
1929—
Gross
Ratio of expenses to
Amount
present
.Year
1923——
the whole country for the month of February of this year -as against
same
now
-Gross
of
111999343254626058
.
,
111999035624
7
we
Month
February
compared with those of the previous
are
In conclusion
and including 1909:
This is apparent when
February*
MM***'
earnings for the mohth of February from the current year back to
The railroad
earnings continued to show decreases in both gross,
and net categories for the month of
the
Monday, June 3, 1946
THE COMMERCIAL & FINANCIAL CHRONICLE
titled."
to
the
which
•
employment
they
•
-
are
en^
Volume 163
Number 4495
THECOMMERCIAI/&FINANCIALCHRONICLE
State and City Department
BOND PROPOSALS AND NEGOTIATIONS
alabama
The
bonds
i.
Bond Offering—It is stated by
Boyd, President of the Board
of
Revenue, that he will receive
f bids until 10 a.m. oil June 11, for
the purchase of
$500,000 court
house bonds; approved
by the
voters by a substantial
majority.;
Interest rate is hot to exceed 2%,
be
certified check for 2%
a
Dated
In
—
v.
June 6 for the purchase of
$758,000 bonds consisting of
(group 1)
$110,000 public improvement and
$348,000 public improvement, and
(group 2) $230,000 sewer bonds
$70,000
park
details
two
bonds.
maturing July 1,
Addi¬
July
concerning the of¬
series
bonds
de¬
the
bonds
for payment
called for redemption computed at
or rates which the bonds
called would bear
vtion
date
if
Interest
the
had
not
been
bonds
maturing
prior to 1957 shall not be subject
to redemption prior to their re¬
spective maturities.
be
may
either
both
or
bidder
submitted
groups^ but
desires
bid
to
for
for
if
a
both
he must submit separate
bids therefor. Each group will be
groups
sold
separately
as a
whole to the
bidder whose bid effects the lowvest
net interest cost to the City
therefor; provided that the City
reserves the right to reject
any or
all
bids. The
bidders
invited
are
to name in their bids the rate or
rates of interest to be borne by the
bonds with respect to which their
bids
are
lowing
than
in
than
more
rates will
maturity;
different
two
desired;
course.
3,
by
Jane
10
a.m.
Burns,
June
on
Clerk
of
the
School
District, No. 1
July 1; $6,000
in 1947 and
1948, $7,000, 1949
to
1952, $8,000 in 1953 to
1959, and $9,000 in I960 to
1965, all inclusive.
bonds.
Interest
Due
rate
on
is
not
to
exceed
2y2%, payable J-J. Denomination
$1,000. Dated May 1, 1946.
Mohave
County School District
No. 4 (P. O. Kingman), Ariz.
1
excess
Bond
of 2%
an
per annum,
annually,
payable semi¬
less than 1 % per
payable semi-annually;
num,
will
bid
interest rate in
bonds
or
be
in
considered
for
Group 2 having
an
terest rate in excess of 2V2%
an¬
no
the
in¬
per
annum payable semi-annually or
less than 1V2% per annum pay¬
able
semi-annually; all bids must
include
accrued
interest
to
the
date of delivery of the bonds; and
any such interest rates shall be
in
multiples of % of 1%. The in¬
terest
on
will be
June
1
the
bonds
in
Group 1
payable semi-annually on
1, and the
and December
interest
on
the bonds in
will be payable
Group 2
semi-annually
on
Apirl 1 and October 1.
be received until
10
a.m.
on
the Board of
County Supervisors,
for the purchase of
$125,000 cou¬
pon school bonds. Interest rate is
not to exceed
2y>%, payable J-J.
Denomination $1,000. Dated June
1, 1946. Due on July 1 as follows:
$5,000 in 1949 and 1950; $6,000,
1951; $7,000, 1952; $8,000 in 1953
1954; $9,000, 1955 to 1958, and
$10,000 in 1959 to 1963, all incl.
and
and
with
the
approving
opinion of Gust, Rosenfeld, Divilbess, Robinette & Linton; and all
arkansas
tax
at his election be re¬
his obligation of pur¬
chase whereupon the check
so
deposited by him will be returned.
Rector, Ark.
may
of
Bonds
Council
of
Authorized
has
—
authorized
The
an
City
issue
$65,000 municipal light plant
and distribution system bonds.
Montrose, Colo.
Bonds
Interest payable F-A.
The next
Voted
—
An
*'
;
f
of
issue
$10,000 fire protection bonds was
favorably voted at the election
held recently.
<
Connecticut
*
.......
Stratford, Const.
Bond
-
Flood,
Municipal Improvement District
Offering
h
;'
Harry
Manager, will
Town
*
• -
>
—
B,
,
re¬
ceive sealed bids until 2 p.m. ori
July 10 for the purchase of $256,*
No; 37, bonds Nos. 65 to 70, for
$1,000 each, No. 71, for $500, and
72, for $378, maturing July 2,
1947.
The
sum
of
$7,227.79 is
available for the purchase and
000
cancellation of these bonds.
series of 1946, coupon sewer
bonds, not exceeding 3% interest.
Dated Aug. 1, 1946. Denomination
$1,000. Due $16,000 Aug. 1, 1947 v
Los Angeles
to 1962. Bidders to name the rate .*/
of interest in multiples of W- of
No.
County, County Sani¬
1 % and must be the same for all'
tary Distrct No. 8 (P. O.
Los
of the bonds. No bids for.less than
Angeles), Calif.
par and accrued interest, Princi*
$238,pal and interest payable at the
May 8 to
Blyth & Co., of Los Angeles, as Stratford Trust Co., Stratford.
Th^ i
1>/2S-V. 163, p. 2628—were also approving opinion of Pullman &
awarded
to
the
Security-First: 90
e/'
Bridgeport, willj_be
National Bank of Los Angeles, i furnished.
Enclose
certified
R. H. Moulton & Co., the William check for $5,120, payable to tho
R. Staats Co., Redfield &
Co., all Townof Los Angeles, and Hannaford &
florida
„
Talbot, of San Francisco, who
xV:1'? ■'
$•
Bond
000
Sale
sewer
Details—The
bonds sold
on
,
'::i
associated
were
with
the
Apalachicola, Fla.
\
r)
named in
Bond Call
the purchase of the
W. N. Creekmore,
bonds.
City Cashier has announced that
all outstanding water works and
Los Angeles County, Westside
sewer refunding bonds Nos. 1 t6
Union Sch. Dist. (P. O.
17,. dated July 1, 1938, maturing
Los Angeles), Calif.
on
July 1, 1966, are called for
Bond
Offering — Sealed bids
payment on July 1. Holders
o|
above
—
will be received until 10
a.
m.
on
said
June 5, by J. F.
Moroney, County
Clerk, for the purchase of $90,-
000 school bonds.
not
to
1945.
Interest rate is
on
5%, payable J-J.
$1,000.
Dated July
1,
Due $5,000 from July 1,
to
1965.
sur*-
3..
payment
«-r
u
July l; at the Central
& Trust Co., New
City, series of 1946, refund*
ing bonds Nos. 60 to 74, amount-*
ing to $15,000. Denom. $1,000. In*
terest
entire
of
said
on
date called.
Bond Call—Lorrianne
Bamberg,
City Clerk, calls for payment on
July 1, refunding* bonds Nos, T,
12, 14, 18, 22, 54, 71, 90, 97, 114,
amounting to $10,000. Dated Jan.
1, 1939. Denomination $1,000, Due
Jan. 1, 1969.
\
Payment of the principal and
a single rate of
bid for less than
amount
ceases
Jasper, Fla.
fered for the bonds bid for. Each
bid shall be for the entire amount
any
on
York
the date of delivery, and
separately the premium, if
any, and the rate of interest of¬
said bonds at
Springs, Fla
Hanover Bank
to
interest, and
Funiak
Bond Call—J. F. Howell, Town
state
or
to
Clerk, has announced the call foi*
Rate of interest to
be sold foe cash only and at not
less than par and accrued interest.
Each bid must state that the bid¬
der offers par and accrued inter¬
the
notified
place of payment
date called.
De
multiples of xk of 1%. Prin¬
cipal and interest payable at the
County Treasury. The bonds will
of
at
exceed
be in
est
are
same
designated therein. Interest ceases,
Denom.
1948
bonds
render
t
bonds
for
varying rates of interest
will be rejected. Enclose a certi¬
,
accrued interest of said bonds will
be made by the
Guaranty Trust
Bankers
fied check for 3% of the bonds
Co., New York City, the duty,
Co., New York, Harriman
bid for, payable to the
Chairman, designated paying agent of the
Ripley & Co., Inc., Smith, Barney
Board of Supervisors.
City of Jasper. Interest ceases bri
& Co., Harris
Trust & Savings
date called.
Bank, Chicago, Kidder, Peabody
Palo Alto, Calif.
v
J
& Co., Equitable Securities
Corp.,
Bond Election—The following
Key West, Fla.
R.
W. Pressprich & Co.,
Tender Received—Roy Hamlin,1'
Kean, bonds amounting to $600,000 will
Taylor & Co., Heller, Bruce & Co., be submitted to the voters at the City Clerk, has announced that
First of Michigan Corp, and Ba¬
one tender for
election to be held on June 25:
$52,000 was re¬
con, Stevenson & Co., jointly, at
ceived on May 21, in regards to
$175,000 sanitary sewage system
a price of 148.538.
the call for
the above City's
highest bidder
was
the
Trust
Fresno
system bonds.
County Figarden Sch. Dist.
(P. O. Fresno), Calif.
Bond
Sale—The
bonds offered for
163,
v.
the
$30,000 school
sale on May 21—
2628—were awarded to
p.
Bank
Trust
of
America
National
&
Savings Association, of
San Francisco, as lVts, at a price
of 100.17, a basis of about 1.198%.
June
1,
1946.
Denom.
Dated
$1,000.
These
bonds
are
due
140,000 storm
and
sewer
drain¬
age system bonds.
Bond
Issuance
Authorized
—
Los
School Board authorized the issu¬
Angeles Acquisition
and
Im¬
Municipal
Improvement
Districts Nos. 35 and 27,
Calif.
Bond Call—L. V.
bonds.
ance
the
its
of
B, refunding bonds
1938,
{,"
;
Lake County
April
meeting,
$350,000
the
construction
,
composed of John Nuveen & Co.*
of Chicago, B. J. Van Ingen &
Co.^
of
New
York, Leedy, Wheeler &
Co.,
of Orlando, Trust; Co.. of
part of Georgia, and
Robinson-Humphrey
$600,000 issue authorized at
Co., both of Atlanta, as 1.90s, at
bonds.
These bonds
the election held
McArdle, City
Treasurer, has announced that
following refunding bonds
are
called for payment on July
2, at par and accrued interest, at
his office:
Acquisition and Im-;
provement District No. 38, bonds
Nos. 154 to 168, for $1,000 each.
Nos. 169 and 170, for $500
each,
No. 171, for $356.80, maturing July
2, 1948, ahd No. 172, for $1,000,
maturing July 2, 1949. The sum
of $18,013.40 is available for the
purchase and cancellation of these
the
and
Special Road and
Bridge Distrcts (P. O.
'
Tavares), Fla.
bonds.
Bond Sale—The following SBA
series
1946-A, refunding bonds
Stanislaus County, Oakdale Union
amounting to $62,000 and offered
High School District (P. O.
for sale on May 21—v. 163, p.
Modesto), Calif.
*2345—were awarded to a ityhdicata,
During
provement District No. 38 and
series A
dated Jan. 1,
135,000 water system bonds.
40,000 gas system bonds.
110,000 electric distribution
$5,000 in 1947 to 1952.
delivery. Delivery to be made at
Kingman, Kan. Purchaser will be
law, the successful bidder there¬
for
1975, $200,000 in 1976
and $95,000 in 1977.
are
furnished
in
000
to be for less- than par
accrued interest to date of
should pecome taxable under the
lieved
$50,000 in
1970, $25,000 in
1971, $50,000 in 1972, $25,000
in 1973, $5,000 in
1974, $78,-
June
21, by W. D. Lawe, Chairman of
No bids
District bonds. Due Feb. 1, as
follows: $25,000 in 1966, $60,000 in 1968, $35,000 in 1969,
Offering—Sealed bids will
must
be
In the event that prior to the bids
unconditional. A
delivery of the bonds, the income certified check for 5% of the total
bid, payable to the order of the
derived by private investors in
bonds of the same character County Treasurer, is required,
terms of any Federal income
1988.
648,000 4V4% Metropolitan Water
$250,000 High School District No. 1
bonds. Due on July 1; $10,000
in 1947 and 1948, $11,000 in
1949 to 1951, $12,000 in 1952
to
1954, $13,000 in 1955 to
1957,
$14,000
in
1958
and
1959, $15,000, 1960 to 1962,
$16,000, 1963 and 1964, and
$17,000 in 1965.
150,000
Aug. 1, 1986, $60,000 April
1987, and $89,000 April 1,
I;
of
Group
having
000
Supervisors, for the pur¬
the
following coupon
bonds aggregating $400,000:
chase
bid will be
no
$391,000 Aug. 1, 1981,
$167,000 April and $358,000
Aug. 1, 1982, $204,000 Aug. 1,
1983, $155,000 April and $238,000
Aug.
1,
1984,
$77,000
April and $141,000 Aug. 1,
1985, $51,000 April and $65,-
Board of
considered for the bonds in
par;
in
$396,000 Aug. 1, 1979,
$128,000 April and $201,000
Aug. 1, 1980, $67,000 April
Bond Offering—Sealed bids will
be received until
not
be used as often as
bid will be considered
no
for less than
Due Aug. 1, as
$25,0QP in 1965, 1967
and
arizona
interest
est rate may
Feb.
1968, $17,000 in 1969, $40,1970, $70,000 in 1971,
$5,000 in
1972, $187,000 in
1973, $167,000 in 1974, $163,000
in 1975, $185,000 in
1976, $111,000 April and $223,000
Aug. 1,
1977, $50,000 April and $76,000 Aug. 1, 1978, $20,000 April
000
County School Districts
(P. O. Flagstaff), Ariz.
be
permissable in any
bid, although the same inter r
one
follows:
date called.
on
Due
and
Coconino
interest rate may be used
single year's
District bonds.
interest
in the usual
bonds.
and
made, subject to the fol¬
qualifications: Not more
one
a
New York,
National Trust
1984, $10,000 in 1985, and
$5,000 in 1987.
4,177,000 4% Metropolitan Water
principal
accrued
ceases
the redemp-
on
they
Those
'Bids
National
of
in
Each bond surrendered must be
premium equal to 12
on
City,
and
the rate
I called.
Bank,
both
America
1, as follows: $15,000 in 1979,
$40,000 in
1981, $57,000 in
1982, $13,000 in 1983, $5,000
accompanied by all coupons for
interest accruing after July
1,
1946.
Coupons for interest On
that date may be attached to the
bonds for payment, or if detached
by the holders, may be presented
crued interest to the redemption
interest
1957, all dated
2Y2%.
after not less than 30 days' prior
published notice, at par plus ac¬
<;
of
ter District
thereon to July 1, 1946, together
with a redemption premium of
and after April 1,
on
York
thereof
;; 1956, as a whole or in part in the
inverse order of their numbers,
a
Bank,
1944.
1,
New
maturity as follows: Those matur¬
ing in 1957 and thereafter shall be
subject to redemption at the op¬
tion of the City on any interest
date and
bonds.
National
v
its presentation and surrender at
the Chemical Bank & Trust Co.,
prior to
months'
City
of
able
of
scribed in Group 2 shall
separately
be subject to redemption
payment date
Chase
There will become due and pay¬
on each of said bonds, upon
follows:
are as
The
fol¬
Savings Association of San
Francisco, First National Bank
Bond Redemption Notice—rIt is of
Portland,' Blyth & Co., of
stated by N. M. Payne, City Clerk San
Francisco, Northern Trust
and Treasurer, that the city will
Co.,
of
Chicago,
First
Bos¬
redeem on July 1, $224,000 prin¬ ton
Corp., American Trust Co.,
cipal amount of Electric System Weeden &
Co., both of San Fran¬
Revenue
Refunding bonds con¬ cisco, R. H. Moulton &
Co., of Los
sisting of bonds Nos. 1161 to 1270, Angeles, at a
price of 148.717:
$110,000, maturing July 1, 1956,
$145,000 3V2% Metropolitan Wa¬
and Nos. 1271 to 1384, $114,000,
163, p. 2902—it was noted that the
city is asking for sealed bids until
fering
Sale—The
&
Gadsden, Ala.
Bond Offering Details
and
Bond
Huntsville, Ala.
'
tional
Portfolio
Bank
the amount of the bonds.
Municipal Improvement District
No. 35, bonds Nos. 50 to 54, for
$1,000 each, No. 55, for $250, No.
56, for $96.32, maturing July 2,
1947, and No. 57, for $1,000, ma¬
lowing bonds amounting to $4,970,000 and offered for sale on
turing July 2, 1948.
The sum of
May 23 by the State Employees'
$6,998.26 is available for pur¬
Retirement System were awarded
chase and cancellation of these
to at syndicate composed of the
tional bids will be considered. En¬
close
June 1, 1946.
■
california
California (State of)
prepared
.
•
in
or
following the sale.
The
City will furnish, without
cost, the opinion of recognized
bond
attorneys
approving
the
validity of the bonds.v No condi¬
N. L.
semi-annually.
delivered
be
Montgomery as
may be directed by the successful
bidders as soon as the bonds may
Alabama
payable
will
Birmingham
Etowah County (P. O.
Gadsden),
on
Jan. 22.
price of 100.276,
1.88%.
a
colorado
The
site
were
defeated.
—
.
to
An issue of
$415,000 construction bonds failed
to carry at the election held on
May 6.
district No.
9
bonds.
Due
on
July 1, 1969.
on
Moffat County Craig Sch. DisC
(P, O. Craig), Colo.
Bonds Defeated
,
July 1,1969.
30,000 special : road and bridge
$60,000
purchase bonds submitted
the voters at the election held
May 13,
basis of about
special road and bridge
district No. 8 bonds. Due on
(P. O. Golden), Colo.
—
a
$32,000
Jefferson County Golden Sch. Dist.
Bonds Defeated
;
are
:
Dated July
1, 1946. Denomina*r
tion $1,000, Interest payable J-J*
Lee County (P. O. Fort
Florida
Myers),
V
Bond Call—The State Board of
Administration, successor to the
Board of County Commissioners,
THE COMMERCIAL & FINANCIAL CHRONICLE
3048
each, matur¬
ing July 1, as follows: Nos. 2,001
to 2,017, in 1972, Nos. ,2,018
to
2,123 in 1973, and Nos. 2,137 to
2,147, in 1974.
Payment of said bonds together
exercise
its
•
v
.
ing ^agent/where
.made, at par plus
on : date
named^
accrued interest
100.53
A. C.
Allyn & Co., and
Stranahan, Harris & Co.,
Inc., jointly,
For $300,000, iy4s
>100.53
(Net interest cost 1.18%.)
Chicago,; •'
$300,000, iy4s
(Net interest cost 1.21%.)
100.303
Mower
County
Independent
Sch. Dist. No. 27 (P. O.
fi
■■
until
tenders
9
(CST)
a.m.
on
>
June 14 for the purchase of re¬
Hardtner, Kan.
funding bonds, dated Sept. 1,1934,
Bonds Voted—An issue of $49,Jan. 1, 1937, Aug. 1, 1944 and Jan.
der * of
said
coupons.
Interest 1, 1946. The amount available for 800 sewer system and disposal
ceases on date called.
;
the purchase of these bonds is $4,- plant
construction
bonds
was
favorably voted at an election held
000,000.
i
Monroe County (P.O. Key West),
recently.
Cook County (P. O. Chicago), III.
'Florida' '
Bond Call—Victor L. Schlaeger,
Hope, Kan.
^Bonds Called
Wilard M. AlBonds Voted—An issue of $72.Secretary af the Board of County Treasurer, calls for pay¬
Public Instruction, calls for pay¬ ment on July 1, 1946, refunding 500 sanitary sewer system and
ment on July 1, series A, AA, B, bonds of 1945, No. 1 for $1,000, disposal plant bonds was favor¬
hhd BB refunding bonds, dated No. 2 for $410, and Nos. 3 to 1,001 ably voted at an election held re¬
Jan. 1, 1937, maturing Jan. 1, 1967, for $1,000 each. Said bonds should cently.
at the Guaranty Trust Co., of New be presented for payment at the
—
York City.
k
Polk
County Special Road and
Bridge Districts (P. O.
Bartow), Fla. *
•
Bond Call And Redemption —
Interest
cago.
called.
J/Edwin Larson, Secretary of the
.
State
of
Administration, has
that the
nounced
an¬
State Board of
/Administration, successor to the
Board of County Commissioners,
by virtue of Section 16 of Article
IX of the State Constitution, has
elected to call and redeem on July
1, at the Irving Trust Co., New
City,
and accrued
interest; the 'following refunding
1
V»r%*n^r«.
bonds:
at par
-
■
t':U
ley,
improvement
bonds
awarded recently as 23/4s—v. 163,
p. 2629—were sold to Balman &
sewage
Madison Parish
bonds
authorized
were
on
2% % water works
Dated
Henderson
,
May 1.
County
will be
O.
Louisiana
Bonds Defeated—It is stated by
the
County Clerk that at the
election held
on
m.
p.
on
revenue
bonds.
1,
103
considered.
District No.
10
May 14 the voters
2,000
Special
12
5,000
r
Special
15
and, Bridge
bonds.
Road
and
Bridge
District No. 16 bonds,
.
v
bonds.
Road
District No.
Interest
St.
ceases on
Bond
.
held
on
May 7.
"
Wood River School District (P. O.
Wood River), lit.
date called.
Inlet
District
and
Port
Authority, Fla.
Bonds Called
Secretary
-
the call for
—
J. R.
Treasurer,
Pomeroy,
announces
redemption
on
tion
the
voters
are
a
recent elec¬
said to
have
approved the issuance of $450,000
construction bonds, •„>
;
school
July 1,
holders of any of said bonds are
notified to sui render same at the
place
of
therein
•all
bonds
terest
.
r
payment
as
an
,
of
designated
July 1. 1946, and that
will
cease
to
bear
in¬
and afier that date.
Winter
llav?n, Fla.
Bonds Called— O. R.
and
The
interest
Way, City
refunding bonds bearing
JNos. 2.001/1.0 2J59, amounting to
$134,000,
on
are
called -for payment
July 1.
INDIANA
Other
Bids—The, $300,000
Said: bonds
are
part
of :1941* dated
pf
an
issue
JaL 1/1941* in de¬
a.m.
on
& Cutler, of Chi¬
will be furnished.
Enclose
certified check for $4,000, pay¬
able to the Treasurer of the Police
Details—The
Sale
Bond
000
$650,-
awarded
bonds
harbor
on
May 15 to Halsey, Stuart & Co..
and Adams, McEntee & Co., of
New York, jointly, as l%s, at a
price of 100.429, a basis of about
1.09875%—v. 163, p.
2776—also
received
a
bid
from
a
syndicate
composed of the Mercantile Com¬
merce Bank & Trust Co., of St.
1947 to 1958.
c
Township Sch. Dist. No. it,
Gloucester, Mass,
Sale —The
Note
$200,000 tem¬
notes offered for sale on
porary
May 24 were awarded to the Cape
Ann National Bank, of Gloucester,
at a discount of 0.424%.
Dated
24,
May
1946.
notes
are
on
Merchants
National
Bank,
Boston, at a rate of 0.439%. Other
were as follows:
bidders
Rate
Bidder
Notes Sold-^-An issue of thx an¬
ticipation
notes
amounting
to
$100,000 was sold at a discount of
0.44%.
These notes are due on
Nov. 20,' 1946.
Medford,
nue
< *
j
Du-j
Sale—The
Tenders Wanted
—
Nelson M.
will!
Abernethy, School Director,
p.mJ
the pur-j
receive sealed tenders until 8
(EST)
chase
June
on
18
for
of
refunding bonds, dated!
fully!
describe bonds offered, including;
serial numbers and state sum fori
which bonds will be sold. Offer-I
ings should be firm for five days/
MINNESOTA
Jackson, Minn.
Mass.
$400,000
Bonds
$450,000
bonds
Voted
—
municipal
was
An
of
issue
power
plant;
favorably voted at the;
on May 14.
election held
Koochiching County Indep'.)
Sch/Dist. No. 7 (P. O*
South International Falls), Minn
.
Leominster, Mass.
Note
L.
Troy, Avon and Sterling Town•
ships Fractional Sch. Dist. '
No. 1 (P. O. Rochester), Mich. ?
Feb. 14.
1947. The next highest bidder was
the
Frank
Mond, Treasurer of the Board of
Education, calls for payment on
July 1, at the Michigan National
Bank, Grand Rapids, 2^% re¬
funding bonds Nos. M-20, M-22,1
M-40, M*43, M-59, M-62, and M-82;
amounting to $7,000. These bonds
mature on July 1, 1970.
Interest
ceases on July 1.
$25,000.
Denom.
due
—
Feb. 1, 1938. Tenders should
date called.
'
Paris
computed
as
price.
Bonds Called
Ky.
awarded on May
14 to Harriman Ripley & Co., Inc.*
Simpson County
Franklin),
and John Nuveen & Co., of Chi¬
//i'//'. * '•'/ -;i' Kentucky >■ /•••
cago, jointly, at a price of 100.039,
Bonds Purchased A- An issue of
a net interest cost of 1.113%, for
$66,500 2% school building reve¬
$150,000 as l%s, and $150,000 as nue
refunding bonds was pur¬
Is—v. 163, p. 2775-^also received
chased recently by Stein Bros. &
the following bids:
Boyce, Almstead Bros.* and the
Bidder
I
Price Bid Bankers Bond Co., all of Louis¬
C. F. Childs &
Co.,
ville, jointly. Dated May 15, 1946.
Kebbon, McCormick & Co.,
Denom. $1,000 and ¥$500. .These
and
/
:
bonds are due on May 15,, from
'
.
(P. O. Grand Rapids), Mich.
Jury.
funding bonds
McDonald-Moore & Co.,
jointly,
For $150,000 l&s, and
$6,000 on)
1, from 1947 to 1951, incl.
The next highest bidder was
the|
First of Michigan Corp., for l%s,
at a price of 100.02.
^
yield to the District
Gloucester National Bank,
on
of
March
from the dollar
a
These
est ceases
County
Trust
Co.;
Franklin, offering 0.553 %.
cago,
City
Clerk, calls for payment on July
1, water works and electric light
and power revenue bonds, drawn
by lot for redemption
in the
principal amount of $151,000, in
denomination of $1,000 each, ma¬
turing July. 1, 1968. Said bonds
will be paid at the current re¬
demption price, namely 103% of
the principal amount thereof, to¬
gether
with
interest
accrued
re¬
Norfolk
ion of Chapman
reve¬
notes offered for sale recent¬
ly were awarded to the National
Shawmut Bank, of Boston, at a
discount of 0.43%. Dated May 24,
1046. These notes are due on Nov.
Bond Offering—Sealed bids will!
be received until 7 p.m. on June;;
4, by Blanche Manning, District i
Clerk, for the purchase of $19,000,
coupon building bonds.
DenomJ
$1,000. Dated June 1, 1946. Due oiv
June 1 as follows: $2,000 in 1948
to 1955, and $3,000 in 1956, op
tiorial at par on June 1,1951. Bid
ders to name a single rate of in-g
teresti : No^ bids for les* than, par|
Principal and interest payable: a
any suitable bank or trust com
pany; designated
by the purchaser.
The
approving opinion of Dorsey.
Colman, Barker, Scott & BarberJ
of Minneapolis, will be furnished
Enclose a certified check for $380,
Stanford, Ky.
8, 1946. Other bidders were as
payable to the District Treasurer,
$150,000, Is
.-.100.029
Bond Sale Details—The $38,000 follows:
Lyon County Sch. Dist. No. 20
Halsey, Stuart & Co.,
Bidder
Rate
2%%
sewer
revenue
bonds
For $150,000, l%s
(P. O. Minneota), Minn.
'
,-100.777 awarded on May 2 to a syndicate •Second National Bank,
(Net interest cost 1.15%.)
,1—
0.439% :i Bonds Voted-*-An issue of $101 ,-|
headed by the Bankers Bond Co., / Boston
R. S. Dickson & Co.,
000 construction bonds was favor-l
of Louisville—v. 163, p. 2630— Merchants -National Bank,
Boston —/ 0.445% ably voted at the election held onf
were Nsold at a price of 100.30, a
Braun, Bosworth & Co., a
v/
and
>
•
May 14.
/ / ' ' %
basis pf about 2.37%.
Day Trust Co., Boston— 0.44%
.
.
—
of General Refunding bonds, issue
11
Gloucester
_»._>___0.447%
attached, at the Chemical
Bank & Trust Co., New York City,
National Shawmut Bank,
Boston
———0.449%
or the Farmers Bank & Capital
Trust Co., Frankfort* Ky.
—0.45 %
Inter¬ R. L. Day & Co.-
Gary School City, Ind.
0.447 %; the Second National Bank
of Boston, bidding 0.52%, and the
approv¬
Parrent,
.
Auditor and Clerk, has announced
that all outstanding 4%% callable
general
Call —M.
1946. Other bids were: Merchants
National Bank of Boston, offering
21, by C. A. Sparling, Secre¬ Erin and Lake Townships Fractional
al Sch. Dist. No. 4 (P. O.
' J j
tary of the Policy Jury, for the
Roseville), Mich. '
■
I
purchase of $200,000 public im¬
provement bonds.
Interest rate
Tenders
Wanted — Mervin
S.j
is not to exceed 2%, payable J-J. Harris, District
Secretary, will re-f
Denom. $1,000. Dated July 1, 1946. ceive tenders until 7
p.m. on June
Due on July 1 from 1947 to 1956. 3 for the
purchase of 1938 certifi-l
Parish reserves the right to reject eates of indebtedness
amounting!
all bids and to sell all or part of to
$10,000. Tenders will accepted
said bonds.
The approving opin¬ on the basis of the
highest net
pons
lj046, of the outstanding refunding
bonds, dated July 1, 1936, and
bearing the following numbers:
234, 242/264, 275/278, 290/303,
320/322, 332, 345/346, 389/398,
768/777, 1045/1058, 1410/1417, all
inclusive, due July 1, 1966.- All
Sealed^bids
thereon with all unmatured cou¬
Tounship (P. O. Monmouth), III. ;
Bonds Voted-*~An issue of $50,*
000 road improvement bonds was
favorably voted at the election
Bonds Voted—At
Lucie
Frankfort,
$185,000 court house bonds.
Monmouth
bonds.
20,000 Special Road and Bridge
District No.
sue;
—
will be received until
$2(0,000 Special Road and Bridge flatly rejected the proposal to is¬
(District. No. 3 bonds.
23,000 Special Road and Bridge
Offering
Bond
Louis, Kean, Taylor & Co., and
ing opinion of Chapman & Cutler, W. H. Morton & Co., at a price of
of Chicago, will be furnished. En¬
101.279, for lV4s.
•<" '
close a certified check for
,$1,760*
payable to the City Treasurer. J/i
MASSACHUSETTS
Oquawka), III.
.
'
July
bid of less than
(P.
7:30
1946. Denomina¬
tion $1,000. Due July 1, 1947 to
1969, subject to redemption after
5 years at 104 and interest.
No
the
at
until
(P. O. Tallullah),
MARYLAND
June 4 for the purchase of $88,000
Main, of. Chicago, and mature $1,000 on Jan. 1, 1947 to 1956. These
election held
bids
on
Baltimore, Md.
Offering—Henry B. Dud¬
County Clerk, will receive
sealed
sale
for
163, p. 2345—were
syndicate composed
a
National
„
Flemingsburg, Ky.
Hebron, III.
Bond Sale Details—The $10,000
.
York
date
on
Bond
-
5'^
ceases
improve¬
Home
Milford, at 0.435%. Due
$20,000 on Nov, 27, and Dec. 27,
of the Harris Trust & Savings
Milford, Mass.
••
;
Nates Sold—It is reported that
Bank, Northern Trust Co., both of
Chicago, Glore, Forgan & Co., R. $100,000 revenue notes were sold'
W. Pressprich & Co., both of New on May 7 at a discount of 0.427%,
York, Trust Co. of Georgia, of At* Due on Nov.. 12, 1946;
v
lanta, Whitney National Bank,
These notes were awarded •' to"
Newman, Brown & Co., Scharff & the Merchants Natipnal Bank, of
Jones, White Hattier & Sanford, Boston.
all of New Orleans, J. M. Dain &
MICHIGAN
Co.,
of
Minneapolis,
Glas
&
Crane, of New Orleans, and Bior- Ecorse
Township School District
en
& Co., of Philadelphia, at a
No. 8 (P. O. Wyandotte), Mich.
price of 100.11, a net interest cost
Bond Sale—The $30,000 school
of 1.275%, as follows: for $622,bonds offered for sale on May 25
000 maturing May 1, $372,000 ih
—v.
163, p. 2630—were awarded
1950, $250,000 in 1951 as 2s, and to McDonald-Moore &
Co., of De-»
$4,000,000 maturing $250,000 May
troit, as l%s, at a price of 100.04,
1, 1952 to 1967 as lJ/4s. Interest a basis of about
1.23%.
Dated
M-N.
Dated May 1, 1946. Denom.
June
1, 1946.
Denom.
$1,000,
$1,000.
These bonds are due
KENTUCKY
American National Bank of Chi¬
$4,622,000
the
Bank of
June
KANSAS
~
-
of)
The
offered
bonds
27—v.
—
/blank'of the registered owner or
his attorney.
Coupons maturing
J uly 1, 1946, and prior will be
paid :on presentation and surren¬
(State
—
institutional
B,
ment
awarded to
ceases
v
t
Sale
May
-
Territory of Hawaii
•'
Bonds .Calltd^William ChungAustin}^^Ind/pl ,-v .'7'_
on date galled..
Bonds Voted—An issue of $989,Hoon, Jr.* Territorial Treasurer,
has announced that the $1,000,000 000 construction bonds was fa¬
\
Mianu, FU»j J
;Vy:
>,/ Bond Call—G; N. Shaw, Direc¬ 5% public improvement bonds of vorably voted at the election held
'
;■
tor jof Finance, has announced 1926, Nos. 1001 to 2000, are called on May 21.*
that- $400,000 of the outstanding for, payment on July >15v
Dated
IOWA
3% series GM, refunding of 1944 June 14, 1926. Denomination $!,bonds, Nos/ 551 to 950* are called 000. These bonds are due on June
Spencer, Iowa
i for
payment on July 1, 1946. 15, 1956. On and after date called
Bond Sale—The $100,000 water
Dated July 1, 1944.
These bonds the Territorial Treasurer will be works revenue bonds offered for
are, due on July 1, . 1965.
pay¬ prepared to pay, either at his of¬ sale on May 24—v. 163, p. 2776—
ment of the principal amount of fice in Honolulu, Oahu, T. H., or were
purchased by a syndicate
said bonds will be made on or at the Chemical Bank & Trust
composed of Wheelock & Cum¬
after July 1, 1946, on surrender Co., New York City, said bonds
mins, Carleton D. Beh & Co., both
and the interest accrued thereon
; of said bonds in negotiable form
of Des
Moines, Paine, Webber
to June 15, 1946.
Interest ceases Jackson &
accompanied, unless registered as
Curtis, of Chicago, and
to both principal and interest, by on date called.
Shaw, McDermott & Co., of Des
^aU Jari. Xr i 1947 and subsequent
Moines, according to E. P. Arnold,
ILLINOIS
coupons, at the Chemical Bank &
Clerk of the Board of Municipal
Trust Co., New York City. Bonds
Chicago Board of Education, III.
Utilities Trustees. Dated June 1,
Tenders Wanted
J. B. Mc- 1946.
registered as. to both principal and
Due $10,000 from June 1,
interest must be accompanied by a Cahetm, President of the Board
1951 to 1960, inclusive.
duly
executed.,/ assignment
m of Education, will receive sealed
^
Louisiana
series
■
;
,
Interest
be submitted to the voters at the
election to be held on June 10.
Bond
For
-
„•
Calcasieu Parish' Sch. Diet*
,
Northern Trust Co.,
HAWAII
payment will be,
Med way, Mass. : '
"
Notes Sold-i-It is stated by, tho
Town Treasurer that $40,000 tax
No. 22 (P. O. Lake Charles), La.
anticipation • notes 5 were ■ offered
/Bond. Election—Ah
issue
of for
sale on May ^24.? and-, were
$200,000 construction bonds will awarded to
,
—
option and cail for
"payment on July 1> 1946* road and
'bridge refunding bonds Nos.68
4o 72, and '75> to 84; amounting with interest accrued to redemp¬
to $15,000, Dated July 1,1939. Due tion date, will be paid on presen¬
tation of said bonds at the Irving
July 1, 1951.
:i-^;Hoider?r,softsaid bonds.' are noti¬ Trust Co., New York City, with
fied to present their bonds for coupons maturing on that date and
/payment/ "with all coupons/ at* all unmatured coupons attached.
Itached; to the City Bank Farmers Interest ceases on date called.
Trpst Co., New York City, pay¬
LOUISIANA
Raffensperger, Hughes &
Co., jointly,
; For $300,000, lV4s
(Net interest cost 1.17%.)
nomination of $1,000
by virtue of Section 18 of Article
IX of the State Constitution, has
announced that it has elected to
Monday, June 3, 194$
•.
,
,
,
„
I III'
■I t
V
■J:-,
; :.>X$:■!.■■--.v, :'■>:
rMm
(■m,
«V
py'Ali ?■'./'
rjZWSSKH -\£+r
>Vk.
Number 4495
163
Martin County Indep. Sell* Dist.
Nofl (Ft O. Fairmont),Minn..
:'
These
March
Bond Sale—The $500,000 build¬
-
come
bonds
mature
1, 1947 to 1951.
$12,000
Net in¬
basis of about 1.63%.
ing bonds offered for sale on Mar.
Newton, Miss.
24—v. 163, p. 2904-~-were award¬
Bond Sale—The $150,000 indus¬
ed to the First National
Bank, of trial
plant bonds offered for sale
'Minneapolis, First National Bank, on
May 21—v. 163, p. 2777—were
; of St. Paul, and the First National
awarded to the Newton County
iBank, .of Fairmont, jointly, as
Bank of Newton, as l%s, at a
1.10s, at a price of 100.705, a basis
price of 100.166,'a basis of about
of about 1.01%.
Dated June I,
Due $7,500 from July 1,
1946. Denom. $1,000. These bonds 1.73%.
1947
Minneapolis^ C, S. Ashman Co.,
and
Park-Shaughnessy & Co.,
1.10s,
at
price
a
will be
received
11,
by
until
Harry
2
on
p.m.
Town
Starz,
:Clerk, for the purchase of $65,000
-road and bridge bonds,
-u
% Stevens County (P. O. Morris)',
Minn.
Chancery
for
sale
awarded
were
May
on
of
Minneapolis.
Yucatan (P. O. Houston, R. F. D.),
*:
noon
receive
on
June
3
1948 to 1959.
Enclose
a
certified
check for $125.00.
Counties, Otter Bayou Drain
District (P. O. Green¬
ville), MiSS. V>y
Legality Approved—An issue of
$247,000 2%% and 2%% refund¬
ing bonds has been approved as
to legality by Charles & Trauernicht, of St. Louis. These bonds
are all dated April 1, 1946.
June 1
follows: $3,000 in 1948
to 1957, and $2,000 in 1958 to 1960.
Bidders to name the rate of inter¬
as
est.
Principal and interest pay¬
suitable bank or trust
company designated by the pur¬
chaser, Legality to be approved
by Dorsey, Colman, Barker, Scott
& Barber, of Minneapolis. Enclose
a certified check for
$1,000, pay¬
able at any
able to the Town Treasurer.
&jt
imn
i); fi'vf'.i
MISSISSIPPI
Amite County Supervisors District
; No.
1 CP. O. Liberty), Miss.
Bond Offering — Sealed bids
until
1
■"St:
Prft
n<
i n;
-
on
June 4.
Montana
(State of)
Other Bids—The $1,500,000 State
Highway Treasury revenue antici¬
pation debentures awarded May
20 to a group headed by Goldman,
Sachs & Co., New York, as Is,
at a price of 100.28, a basis of
about 0.94%, as reported in v. 163,
p. 2905—were also bid for as fol¬
approximately $58,000,000, of
$34,000,000 was Used to
support
appropriations
in
the
which
budget.
This
that
means
municipalities
have
a
backlog
aggregating some $24,000,000,
whichsum may be availed of ih
NEW JERSEY
Collingswood, N. /.
"Cash surplus at the end of 1945
-
was
1946
f-
-
3049
v
Bond Offering—Sealed bids will
subsequent budgets.
received until 8 p.m. (DST),
on June
3, by R. S. Wigfield, Bor¬
ough Clerk, for the .purchase of
"New gross debt as reflected by
supplemental debt statements filed
during the first four months of
$180,000
1946, indicates an Upward trend
as might be
expected. The filings
be
coupon
or
registered
of 1946 bonds. Interest rate
is not to exceed
Denom.
6%, payable J-D.
$1,000.
Dated
June
are as
June
1, as follows: $5,000
1948, $10,000 in 1949
1950, $5,000 in 1951, $10,000 in
1952, $5,000 in 1953, $10,000 in
1954, $5,000 in 1955, $10,000 in
1956, $5,000 in .1957, $10,000 in
1958 to 1964, and
$15,000 in 1965
in
$
February
Due
1947
____
March *
and
_____
_____
April
_____
and
1966.
and
in
Rate of interest to be
multiples of
or one-tenth
1%, and must be the same for
of
the
interest
National
No
bonds.
payable
Bank
proposal
Principal and
at
of
will
the
Citizens
Collingswood.
be
considered
which specifies a rate higher than
the lowest rate stated in any leg¬
ally
acceptable proposal.
Each
proposal must state the amount
bid for the bonds, which shall be
not less than $180,000 nor more
$181,000.
As between leg¬
ally acceptable proposals specify¬
ing the same rate of interest, the
bonds will be
sold to the
bidder
complying with the terms of the
sale and offering to accept for the
amount
bid
the
least
amount
of
County's refunding plan of Jan. 1.
1941.
491,000
1,426,000
2,552,000
2,531,000
:
6%
bonds
coupon
Elsie Putney,
County Treasurer, c will receivv!
sealed bids until 7:30 p.m. on June
11
for
the
&
Due June
from 1949 to 1972.
purchase
of
Due June
Only unconditional bids will
shall
bids
bc-
submitted
specify the lowest rate of in¬
premium, if any, above
terest and
par, at
chase
Dated June
par.
which the bidder will pur¬
bonds; or the lowest
said
will
purchase said bonds at
None of such bonds will be
sold at less than par and accrued
interest
nor
the
to
shall
any
date
-
p.m.
on
;
purchase of $9,000 funding bonds.
Denom. $500. Dated July 1,1946.
Due $1,500 on April l,i 1947 to
1952, inclusive.
Hattiesburg, Miss.
Call—S. W. Pickel, City
Commissioner
Clerk,
has
an¬
nounced that the series "U," re¬
funding bonds Nos. 4 to 60, dated
Jan. 1, 1940, are called for pay¬
ment on July 1, at the Central
Hanover Bank & Trust Co., New
York City, -..,
■
Bond
-
Ellisville),
'
Bond Issuance Contemplated—
he County
Board of Supervisors
May 6, and declared its
ntention to issue $150,000 county
net
on
lospital
neet
bonds.
June
on
3,
The Board will
at which time
urther action will be taken in the
'J.
natter.
fi
:
-
Luce dale, Miss.
'Ordinance Passed—The
Board
and
of Aldermen
Mayor
met
on
May 7, and passed an ordinance
calling for an issue of $75,000
industrial
plant bonds,
not
ex¬
ceeding 2V2% interest. Dated July
These
1,
Principal and
interest payable at the Bank of
2,
1946.
$1,000.
Denom.
bonds are due $3,000 on July
from 1947 to 1971.
ucedale.
Montgomery. County
(P.
O.
Winona), Miss.
% % improvement bonds sold re'ew
ere
to
also
ickman
.
A.
Kingsbury
Orleans—v.
& Alvis of
p. 2207—
163,
awarded
to
the
J.
G.
Co., of Vicksburg, and
& Co., of Mem-
Saunders
his, who were associated with
he above-named in the purchase
f the
bonds, at
a
5
of
discount
delivery,
or
com¬
.
^
^
^
Marion), N. C.
C
o u n
Called—Mary G. Burgift,
t y
Accountant, has - an¬
nounced that the
bonds
July 1,
following-high-;
called for payment
on
on which date interest
ceases,
at the Chase National
Bank, New York City:
1 ■■
way
are
;
•
Bonds Nos. 31 to 35, 111 and'ife
dated July 1, 1919. Due July
1,1949.
Bonds Nos. 226 to
240, dated jJuly
1, 1920. Due July 1, 1950.
Bonds Nos. 361 to 375; dated July
I
1,1921. Due July 1,1951.
Maxton, N. C.
Bond. Call■ C. H. Whif.lock,
Town Clerk and
Treasurerv
bonds, the bonds to be accepted mission be allowed or
Jias
paid on the announced that the
being those first maturing, and if sale of such bonds.
following; $5,Principal and 000 3-5%
two or more bidders offer to ac¬
refunding; bondSn.#re ;
interest
payable
at
the
State balled for
payment on Julycept the same least amount, then Treasurer's
qn
office, Santa Fe, or at which date
interest ceases:
to
the bidder offering to-!pay
lows:
the
Central -Hanover
Bank
&
therefor the highest price.
The Trust
For 1% Debentures
Co., New York. Certified $3,000 series A bonds, Nos. 43; 4A,
45.
purchaser
must
also
pay
an
Smith, Barney & Co.,
transcript of proceedings, exe¬
amount equal to the interest on
First Boston Corp.,
cuted bonds and approving legal
2,000 series B bonds^ Nos. 94rand
the bonds accrued to the date of
95.
Phelps, Fenn &Co.,
opinion of Pershing, Bosworth.
payment of the purchase price. In Dick &
Illinois Co., Chicago, and
Dated July 1, 1935.,.These bonds
Dawson, of Denver, will
the event that prior to the deliv¬
be furnished the purchaser.
Edward L. Burton & Co.,
Pay¬ are due on July 1, 1965.- Holders
ery of the bonds the income re¬ ment
and delivery of the bonds to shall present their bonds for
jointly
.-100.134
pay¬
ceived by private holders from
be made at the Albuquerque Na¬
ment
at
the
Central
Hanover
Union Securities Corp.,
bonds of the same type and char¬
tional Trust & Savings Bank. Al¬ Bank & Trust
New York,
Co., New York City,
acter
shall
be
taxable
by the buquerque.
Enclose a certified with Jan. 1, 1947, and subsequent
Salomon Bros. & Hutzler,
terms of any Federal income tax
check for 5% of the amount bid,
A. C. Allyn & Co.,
coupons attached.
;
v 4
law, the successful bidder may, at payable to the
County Treasurer.
Equitbale Securities Corp.,
his election, be relieved of his
Robeson County (P. O. LumberRyan, Sutherland & Co.,
obligations under the contract to
'A; ton), N. C.
NEW YORK
■
and
purchase the bonds and in such
Bond Offering —W. E. EasterSchwabacher & Co.,
New York City Housing Authority,
case the deposit accompanying his
ling, Secretary of the Local Gov¬
jointly
—..—100.09
New York
bid will be returned. The success^: **j
ernment Commission, will, receive
For 1.10% Debentures
ful bidder will be furnished with ivNote Sale—The $3,946,000 tem¬ sealed bids at his office in
Raleigh,
the opinion of Hawkins, Delafield porary loan notes (issue XVIII)
Halsey, Stuart i& Co.,f
until 11 a.m. (EST) on June ,4 fpr
Blair & Co., Inc.,
& Wood, of New York, that the offered May 23—v. 163, p. 2778— the
purchase of ^i^^OOO schodl
A. G. Becker & Co.,
bonds are valid and legally bind¬ were awarded to a syndicate of
building bonds, not exceeding: 6% ?;
banks headed by the Chemical
Mullaney, Ross & Co.,
ing obligations of the Borough.
interest.
Dated
June
1,
1946.
Wm. P. Harper & Son
Enclose a certified check for $3,- Bank & Trust Co., New York, at
Denom.. $1,000.
These bonds are
an
& Co., and
interest rate of 0.57%.
The
600, payable to the Borough.
due on June 1, from 1949 to;1966.
notes are dated June 17,1946, ma¬
Woodward-Elwood & Co..
ture Dec. 17, 1946, and consist of:
Harrison, N. J.
{ jointly
—100.305
Stanly County (P. O. Albemarle),
Ordinance Passed—On May 7, $506,000 first series, $553,000 'sec¬
"North Carolina
Blyth & Co.,
the Town Council passed an ordi¬ ond series, $1,000,000 third series,
Bond Offering —W. E. EasterPaine, Webber, Jackson &
$940,000 fourth series, $437,000
nance on first reading calling for
Curtis, and
ling, Secretary of the Local Gov*
sixth ermeht"
an
issue of $155,000 municipal fifth series, and $510,000
First of Michigan Corp.,
Commission, will receive
series. Other bids: Central Han¬
stadium bonds.
jointly
sealed bids at his office in Raleigh* *
100.15
over
Bank
&
Trust
Co., first until 11 a.m.
(EST)-on June 4 for
New Jersey (State of)
series, 0.65%; third series, 0.63%; the
NEBRASKA
purchase of $200,000 school
Municipal i Units Reduce Debts fifth
series,
0.67%;
Bessemer
coupon bonds, not exceeding 6 %
—Walter R. Darby, Director of
Fairbury, Neb.
| Trust Co., Jersey City, second interest.
Dated
June
1,
1946.
Bond Sale—The $27,500 fire hall Local Government, revealed in a
'series, 0.60%, plus $6.25 premium; Denom. $1,000. These bonds aire
bonds offered for sale on May 22 report issued on May 17 that local 'fourth
series, 0.59%, plus $7.25; due on June
1, from 1949 to 1966.
were awarded to the First Trust
governments had reduced their sixth series, 0.61%, plus *$8.25;
'i- > i
Co., of Lincoln, as l*4s, at a price gross indebtedness by 33% dur¬ Corn Exchange Bank & Trust Co.,
NORTH DAKOTA
of 101.363. These bonds were ap¬ ing the period from 1936 to 1945. New
York, fifth series, 0.85%.
proved at the election held on Mr. Darby stated that there is
Lone Tree Township (P. O. '
North Hempstead Union Free
;
April 2.
] only a fractional difference
be¬
Galva), N. Dak.
|| «f c
Sch. Dist. No. 7 (P. O.
tween the reduction effected by
Bond Offering
Falls City, Neb.
Sealed bids
Great Neck, N. Y.
the 69 taxing units cited individ¬
Bond Offering—W. C. Schnei¬
will be received until 10 a m. oh '
Bond Sale
The $143,000 land
June 10, by Earl Schmitz, Town¬
der, Village; Clerk, will receive ually in the study and for all
We acquisition bonds offered for sale ship Clerk, for the purchase of
sealed bids until May 27 for the counties and municipalities.
on May 27—v. 163, p. 2906—were
quote from bis report as follows:
purchase of $72,000 water bonds.
community
hall bonds.
awarded to C. F. Childs & Co., of $20,000
"Floating debt is more than off¬
Denomination $1,000.
Due $1,000
Imperial, Neb'.
Commerce - Union
set by cash reserves at this time New York,
from June 1, 1947 to 1966, inclu¬
Bond Sale Details—The
$39,000 and as a matter of fact a sub¬ Bank, of Nashville, and Sherwood
sive,
A certified check for 2% of
bonds awarded on March 5 to the
& Co., of New York, jointly, as Is,
stantial portion of the floating
the bid is required.
Wachob-Bender Corp., of Omaha
at a price of 100.29 ,a basis of
debt becomes cash surplus.
This
-—v.
about 0.963%. Dated-May 15,1946.
163, p. 1208—were sold as is
due to the fact that municipali¬
Nelson County (P. O. Nelson)f
2%s, as follows:
Denom. $1,000.
These bonds are
ties and counties, in general, re¬
N. Dak.
due on May 15, from 1947 to 1960.
$14,000 aviation field bonds. Due serve all
unusued balances and
Bond Election
An issue of
$7,000 March 1, 1957 and 1958.
appropriations at the end of the
court house bonds will be submit-:
Callable March 1, 1956.
NORTH CAROLINA
current year.
These reserves are
ted to the voters at; the primary/,
25,000 auditorium bonds.
Due held to
meet claims of the year Dare County (P. O. Mqnteo). N. C.
election' to be held on June 25.
March 1, as follows: $6,000 in
and
Bonds
Called
experience
has
indicated
/Melvin
R.
1953 to
1955, and $7,000 in that a
large portion of the amounts Daniels,
Clerk
of ; the
County
OHIO
1957. Callable March
1, 1951. reserved for current claims is un¬ Board of
County Commissioners,
Kearney, Neb.
used.
This
is
a
Alexander Sch. Dist., Ohio
safety
factor has announced that the road and
Bond Issuance Planned
The which has not been discouraged bridge refunding bonds Nos. 80,
Bonds Voted -- An issue of $81,-,
City Council announced recently, as it results in an ultimate im¬
building
bonds was
ap¬
96,148, 216 and 251 are called for 600,
that it plans to issue
$37,000 air¬ provement of the cash position of payment on July 1, at the Central proved at the May 7 general
port bonds.
municipalities.
Hanover Bank & Trust Co., New election;
.
.
.
....
_
.
..
price of 100.337.
.
.
,
__________
'
—
v.-
-
:
>, ■
r
—
—■
—
.
•:
,
t
—
Bond Sale Details-r-The $60,000
ently
k
Bonds
.
June 3, by J. H. Parker, Clerk of
the Board of Supervisors, for the
Jones County (P. O.
Miss.
;
1,1946. Denom. $1,000.
McDowell County (P. Q-.
rate of interest at which the bid¬
der
1, from 1949
gg
Interest J-D.
$700,000
Due June 15, as follows: $37,000 in
1948 to 1965, and $34,000 in 1986.
All
1,
50,000 sanitary sewer bonds; Due *
June 1, from 1949 to 1970. ^ i
1^2,000 electric light bonds. Due *;■
June 1, from 1949 to 1971. VS- '
376,000
street
improvement /
—
building coupon bonds, not ex¬
ceeding 6% interest. Dated June
15, 1946.
Denomination $1,000.
considered.
amounting''to:
$65,000 water bonds.
bonds.
Mex.
N.
Offering
*££
$633,000:
to 1966.
Bond
/
■
Bond Offering—W. E. Easterling, Secretary of the Local Gov¬
ernment Commission/ will receive
sealed bids' until 11a.m. (EST) Ort
June 4 at his office in Raleigh,
for the purchase of the
folld^vibg
NEW MEXICO
Albuquerque Municipal S'ch. Disl.
•/
Kins ton, N. C.
follows:
January
1,
1946.
York City, in accordance with th©
—
f|fft
Will be received
'
than
MONTANA
by Sanford Vathing, Town Clerk,
for the purchase of $36,000 road
and bridge bonds. Denomination
$1,000. Dated June 1, 1946. Due on
to be held
all
Washington and Issaquena
i*
mitted to the voters at the election
of
Bond Offering—It is stated that
Both sealed and oral bids will be
received until 2 p.m. on June 14,
.
will
Minden, Neb.
<
Bond Election—An issue of $20,000 airport bonds will be sub¬
sewer
purchase of $25,000 school
Dated May 1, 1946.
These
bonds are due on May 1, as fol¬
lows: $1,000 in 1947, and $2,000 in
Minn.
,
by
bonds.
Na-
itional Bank of Minneapolis. Sec¬
ond highest bid was submitted by
the. Northwestern National Bank
Second
of par
for the
and
First
the
to
24
offer
Clerk,
sealed bids until
>4 Bond Sale—It is stated by El¬
mer F.
Anderson, County Auditor,
that $300,000 hospital bonds were
offered
inclusive.
an
(P. Q. Tylertown), Miss»
Bond Offering—Seth E. Ginn,
100.665.
June
1966,
was
Walthall County, Marion-Walthall
Line Consolidated Sch. Dist.
of
Mineola (P. O. Red Wing), Minn.
Bond Offering — Sealed bids
bid
Cody & Co., for 1%% bonds.
the Northwestern National
Bank,
•jointly, for
to
best
due on June 1, from 1949 to
1963. The next highest bidder was
are
•
■::w
THE COMMERCIAL & FINANCIAL CHRONICLE
A*
'■•
t($B$
fi-ty,
iVolunie
:
'
THE COMMERCIAL & FINANCIAL
3050
|Amelia Local School District, Ohio
\\
said
^ Avon
,
Lake. Schi,
-Bonds
*
Defeated
DistOhio*
—
An
iss&e
to
of
$955,000 construction bonds was
defeated. at the primary election
held on May 7.
the
Plans Bond Election
The
grandstand
$116,000
Voted
—
issue
Er^e County (P. O. Sandusky),
Ohio
reported
is
It
memorial stadium
of $85,000
ance
bonds
Bonds Voted
held in 1945,
..1
7
May
Cincinnati bonds of¬
sale on May 23—v. 163,
000 City of
-
Bay City, Ohio
election the voters authorized an
2633—were awarded to Seasongood & Mayer, of Cincinnati, at a
price of 130.254. These bonds were
issue of
held
Voted
Bonds
p
4
p.
the May 7
At
—-
$200,0C0 sewer bonds.
Account
Sinking Fund
Investment
Board
the
of
BayVillage Sch, Dist. (P. O.
i
Bay Village), Ohio
the
in
of
The next highest
Harris Trust &
Commissioners.
Offerings-Sealed bids will bider was the
he received until noon "(EST), on Savings Bank, Chicago offering a
June 28, by Dorothy Grimes, Dis¬ price of 128.778.
trict Clerk, for the purchase of Cuyahoga County (P. O. Cleve¬
$70,000 2% coupon building bonds.
land), Ohio
Bond
v
Denomination $1,000. Dated June
bids
Sealed
until 11
Offering
be
received
Bond
—
15,"1946. Due $5,000 from 1947 to
will
1960. Bidders may bid for a dif¬
(EST), on June 13, by F. J. Husak, Clerk of the Board of Coun¬
ty Commissioners, for the pur¬
chase of $725,000 2% Major Road
Improvement, Series B coupon or
ferent
rate of interest in a multi¬
These are the
ple of Va of 1%.
authorized
bonds
the
at
7
May
fire apparatus
construction bonds au¬
thorized by the voters last No-
VVember remains unsold.
due
the
of
purpose
rSondfe Voted—An issue of $80,000 / incinerator bonds was ap¬
proved at the May 7 election.
Berea: City School District,
Ohio
Bonds Voted—An issue of $500,-
j 000 construction
bonds
election.
and equipment
approved at the May 7
was
;
,
,
.
Bexley City School District, Ohio
Bond '$ale—The
<
$60,000 build¬
ing .bonds Offered for sale oh May
23—v. 163, p. 2497-—were awarded
to the Ohio Co., of Columbus, as
Is, at a price of 100.191, a basis of
about 0.966%. Dated June 1, 1946.
Denomination $1,000. These bonds
are
due $3,000 June and Dec. 1,
1947 to 1956," The next highest
bidder was J. A. White & Co., for
Is, at a price of 100.04.
contributing
000
000 sanitary sewer system
$14,-
bonds
was
approved at the May 7 elec¬
tion.
p
Bloomingburg School District, Ohio
Bonds
$45,000
bonds
mary
Approved—An
gymnasium
was
election held
issue
of
construction
approved
at the
on
pri¬
May 7.
Bowling Green School Dist, Ohio
Bonds Voted—An issue of $298,000 1 % % construction and
equip¬
ment' bonds was favorably voted
at
the election
These bonds
held
on
May 7.
due in 20 years.
are
Cadmus Local School District
■
(P.O. Peniel), Ohio
^
Bonds
Defeated—/The
proposal
at
a
lower
vided,
Bonds Voted—An issue of
$10,>. fire -7 department
apparatus
approved at the May 7
election*
Ordinance
construction
fractional rate
Passed
an
cently, calling for
—
The
ordinance
an
City
re¬
issue of $73,-
961.36 bridge construction bonds,!
interest,
of
Franklin Exempted
awarded
000
was
or
200
for 1%
Enclose
a
000
Bonds
Defeated
—
An
on
Bonds
May 7*
Voted-r—The
voters
ap¬
proved the issuance of the $20,°O0
nark
was
same pur¬
Voted—At
the
Local
Sch.
Defeated
held
on
—
An
issue
of
remodeling bonds was
the primary election
May 7.
•'<
Inc.
at
City School Dist., Ohio
101.588
of Columbus
101.580
Sutherland & Co.—101.547
Hayden, Miller & Co
101.541
Seasongood & Mayer
101.418
Halsey, Stuart & Co
101.402
H. Rollins
sold at a price, of par.
May 1, 1946. These bonds
mature on Nov. 1, as follows: $3,r
in 1947, and $2,000 in 1948 to
District
i. Bonds
Hamilton
101.333
101.18
101.03
heating bonds
was ap¬
proved at the May 7 election.
improvement and addi¬
tion bondson, May 7; It/is stated.
1.
Martin's
$750,000 juvenile detention home
and court house annex bonds will
'
Die(P. O. Mansfield), Ohio
trict
Bonds Voted—An issue of $48,-
•
780 building
at the May
bonds was approved
7 election.
Rural Sch. Dist.
West
Voted
Bonds
(P. O.
.
Liberty), Ohio
An
—
,
of
issue
building repair bonds
approved at the May 7 elec¬
$12,000
was
tion.
.4
Nclsonville City School
Ohio
Defeated
Bonds
District,
An issue of
—
$198,000 school purpose bonds was defeated at the primary election
held
on
May 7.
Newark, Ohio
that
Bonds Sold—It is reported
first
$850,000*
revenue
bonds
mortgage
sewer;
purchased re- •_
were
cently by the firm of Walter,
Woody & Heimerdinger of Cin¬
cinnati.
Voted
Bonds
An
—
of
issue
$265,000 public library bonds was <
approved at the May 7 election. ;
*
*
Newcomerstown,
Bond
Issuance
Ohio
Delayed— Sale
of
the $40,000 park and swimming
pool bonds authorized at the No-.
vember
1945, -election has been
delayed
because
Of materials.
New
of the
Lexington,
Voted—At
Bonds
shortage
.
v
...
Ohio
the
„
7 *
May
,
Votefc-Ah issue of $35,-
building bonds was approved,
at the May 7 election.
of
,
Mifflin Township Local School
Local. School election1 the voters approved an!
issue of $25,000
sewage system
(P. O. Louisville), Ohio
000
"• -y'
6,
Bonds Vetted—An issue of $10,-
Marlboro-. Township
1966.
issue
101.344
Co.,
L^*.«.-f-».-«----100,669
Inc.
r
the
at
Nov.
on
Township Local School
(P. O. Haskins), Ohio
000 school
Harriman Ripley &
Dated
The1
1945.
Savings & Trust
$41,000
—were
-
—
authorized
election held
general
101.37
& Sons.
Co., Mansfield
First National Bank,
2%
storage yard purchase and
Chicago
garage facilities bonds purchased Mansfield Savings Trust
recently by the City Treasurer In¬ '% National Bank
vestment Account—v. 163, p. 2633 J. A. White & Co
An
bonds
sewer
build¬
Price Bid
—1
Co.
Ohio
—
issue of
an
Ordinance Passed
Bond
Monroe
Farmers
Election
7
an
$480,000
primary election
on
Ohio
equipment
County (P. O.
Cincinnati), Ohio ;
to vote
City Council has passed an ordi¬
nance calilng for the issuance of
$1,500,000 trunk and main relief'
District
Stranahan, Harris & Co.,
District,
Bond Sale Detaite-The
,
The
—
November election this year.
Dist., Ohio
Defeated —The
Bidder
E.
Bond
May
the voters authorized
Other Bids—The $100,000
approved at the May 7
Hamilton,
City election
Ryan,
and
cer¬
•
Ferry
City
and disposal
.
plant bonds.
'
New StraitSVille, Ohio
'
Bond Offering—E. A.
.
.
r-
;
Davidson,,
School Dist.' Village. Clerk,7 will receive sealed
Ohio
•
bids until noon on June 1 for
the
,
"
be submhted m the Voters
November election;'
lai thq
v»
Exempted Village Schooi
District* Ohio"
Bonds Defeated — An issue of
Hillsboro
.
purchase of $2,000 street improve- :
000 construction bonds was fa¬ hiOnlr boitds,- not exceeding 2 y2 %/;
Dated June. 1, 1946;,
vorably voted at:tbe Action Jield. interest
Denomination $200. These bonds
on May
Bonds Voted—An issue of
$750,-
.
7.-^'|^-';■ v-'vV
.
due $200". oh $ept I, 1947 to
1956.
Rate of interest to' be in
are
Medina, Ohio
'
$70,000 construction and improve? 1 To Tsspe Bonds--^The village rs >multiples- of % of-1%. Enclose a
merit bonds was defeated at the expected to make an offering, in •certified check for $20, payable to
^
y 'r
July of $13,000 3%, special assess¬ the Village.^ ' ' J
May 7 election;
ment street improvement bonds, '
Holmesville, Ohio
j"
;
North Canton, Ohio I
- r'
f
1 Bonds
Voted—At "the May 7
Bonds Defeated—An; isspe, jbf Medina Exempted Village School
District, Ohio
election the following bond issues
$36,000
water works improve¬
Bond Dfferinr^BU;.A.;DaVer^' Were approvecE' $15,000 sanitary
ment bonds was defeated at the
primary election held on May 7. port, " Clerk of the Board of Edtif ^unk sewers and $15,000jire de¬
cation! will receive; sealed bids partment apparatus.
| •
HubbardOhio
until noon (EST) on June 10 for
"Bonds Authorized—The Village
Bonds Defeated — The $55,000 the purchase of $330,000 2% build¬
Council has passed ail ordinance
swimming pool and playground ing bonds. Dated May 1, 1946. De¬
providing for art '-issub of $12,000
equipment bonds were" defeated nomination ; $1,000. .Due $6,000
3% 1 st>rm •.sewer
construction
at the primary election held oh
May and $7,000 Nov. 1, 1947, $7,bonds, *
•
■'
*.
-'
000 May and Nov. 1, 1948 to 1950,
'May 7.
,
issue of
$50,000 construction and remodel¬
ing bonds!was defeated at the
election held
construction
bonds
Commis¬
Township School Dist.
June
in addi¬
ing unlifhited tax bonds awarded
on May
9 to the Richland Trust
Co., of Mansfield, as Is, at a price
of 100.24, a basis of about 0.976%
—v.
163, p. 2779—also received
the following bids;
r.
,
election.
about
County Treasurer.
Ohio
$112,-
Bonds Voted—An issue of $28,-
the
of the bonds bid for, pay¬
able to the
on
is
of
the
held
building bonds was approved
May 7 election.
School
a
payable-
Middletown
defeated
Ohio
a
certified check
$180,-
Local Sch. Dist., Ohio
Local
Enclose
$3,300,
$400,000
Township Local Sch. Dist.
(P. O. Canal Winchester), Ohio
building and equipment bonds
approved at^the May 7 elec¬
Hamden
for
Ohio
Madison
at the
July 1, 1946, at any bank in the
City of Cleveland designated by
the
purchasers, or at a bank
agreed upon by the purchaser?
and the Board of County
at
Bonds Voted—An issue of $91,-
directionM
on
issue
Aug. 1, 1945, for the
Mansfield
District,
School
in
to the District.
of
May 7.
May 7 election.
Granville
Squire, Sanders & Dempsey of
Cleveland, whose approving-opin¬
ion will be furnished.
Delivery
of bonds to be made
held
be
to
above
Madison
tion.
proper au¬
bonds have
been takeh mieler'the
issue
An
construction bonds, failed to carry
Bonds Voted—An issue of
The .proceed-*
these
—
$107,500 remodeling and
repair bonds.
building bonds was approved
Glandorf
$725,000 bonds, state a single rate
of interest therefore, be made on
blank form furnished onappli-
of
of
$390,000 bonds authorized
Bonds
Gibsonburg Exempted School Dis¬
trict, Ohio
$336,000
a
thorization
election
Bonds
hospital
at the
check
tified
Lynchburg School District, Ohio
addition bonds was
favorably voted at the primary
election held on May 7.
terest. Bids must be for all of said
ings incident, to the
on
Bonds Voted—An issue of $75,-
par
cation to the Clerk.
Election
Bonds
Galion, Ohio
000
election
Middletown, Ohio
issue
Bonds Voted—An issue of
approving opinion of Squire,
Dempsey, of Cleveland,
Lima, Ohio
Bonds
000
1945!
November
school bonds was post¬
poned from May 7 to possibly the
approved at the May 7 election.
bidder offering not less
and accrued interest,
based upon the lowest rate of in¬
than
issue
pose.
Ohio
the bonds authorized at'
are
the
The
memorial build¬
ing
defeated at the
election held in November, 1945.
county
bonds was
improvement bonds was
000 street
is bid,
to
Defeated—An
Bonds
$370,000
election
Fredericksburg,
These
Bond Election Postponed
Ohio
building bonds was approved
at the May 7 election.
Bonds Voted—An issue of $10,-
interest payable at the Old
Phoenix National Bank of Medina.
Miamisburg City School District,
will be submitted to the voters at
Village School
multiple of Vi of 1%, Principal,
County (P. O. /ronton),
Bonds Voted—An issue of $350,-
of 1%, or
If bids are re¬
ceived based upon a lower rate of
interest than above specified, the
be
Lawrence
000
said fraction shall be
will
the
at
approved
was
fa¬
was
District, Ohio
multiples thereof.
bonds
bonds
500
$250,000 memorial hospital bonds
bonds
1968 to 1970. Bidders may bid
a different rate of interest in
1,
for
will be furnished.
issue of $49,-
May 7.
pro¬
where '
interest
on
District, Ohio
May ,7 election.
to
submitted
that
School
Kunkle
tion
rate
Deer Piark (P. O. Cincinnati),
OhtO
Canton, Ohio
Council passed
of
and equipment
approved at the May 7
Bonds Voted—An issue of $10,-
The
payable
to
to
$7,0C0 Nov. 1;
May and Nov. 1,
1952 to 1954, $6,000 May and $7,000 Nov. 1, 1955, $7,000 May and
Nov. 1, 1956 to 1958, $6 000 May
and $7,000 Nov.
1, 1959, $7,000
May and Nov. 1, 1960 to 1962, $6,-/
000 May and $7,000 Nov. 1, 1963,
$7,000 May and Nov. 1, 1964 toi
1966, $6,000 May and $7,000 Nov..
1, 1967 and $7,000 May and Nov.;
$7,000
Sanders &
18.
on
(P. O. Williamsport), Ohio
000
was
rate
however,
Deercreek
Caldwell, Ohio
bonds
are
unlimited as
amount. Bids may be
rejected at the May 7 elec¬
tion.
J
or
tax
sioners.
to issue $17,500 construction bonds
was
a
1940, ' and
14,
1947
1,
Dec.
was
and
May
1951,
and
gymnasium
the
the
election held
000
bonds
$6 000
a
Township Local School
Bonds Voted—An issue of $85,«
tion held
highest
Butler, Ohio
Bonds Voted—An issue of
u
May
Kinsman
vorably voted at the primary elec¬
in the County to be
done
in
cooperation
with the
State
of
Ohio
(State Highway
Department) and with Federal
aid, to wit, Federal Aid Project
329-A (I) and 329-B.
Principal
and interest will be payable at the
office of the County Treasurer.
These bonds were authorized by
an
on
Bonds Voted—An
highways
from
County (P. O. Steubenville), Ohio
Bonds Defeated—The proposed
issue
of
$600,000
court
house
bonds was defeated at the May 7
primary election.
Township Local School Dist.
(P. O. Carroll County), Ohio
for the establishing, widen¬
ing,
opening,,
extending,
and
changing the line of roads and
\he electors at
Jefferson
Fox
ect,
Berea, Ohio
1
$18,000
are
1966.
County's share o^ a Federal proj¬
....
county
bonds
These
1.126%.
the voters de¬
issue of $60,-
election.
hospital bonds offered for sale on
May 25 were awarded to the Ohio
Co., of Columbus and Braun, Bosworth & Co., Inc., jointly, as 1Y4S,
at a price of 101.22, a basis of
These bonds are issued for
1971.
was approv¬
Bond Sale—The $360,000
about
election
construction bonds.
000
Fayette County (P. O. Washington,
C. H.), Ohio
April
$120,000
bonds
ed at the May 7 election.
and Oct. 1, 1952 to 1955,
$15,000 April and $16,000 Oct. 1,
Belief ontaine, Ohio
1956, $15,000 April and Oct. 1,1957
y Bonds Voted—An issue of $296,to 1960, $15,000 April and $16,000
000 hospital construction bonds
Oct. 1,
1961, $15,000 April and
was favorably voted
at the pri¬ Oct.
1, 1962 to 1965, $15,000 April
mary election held on May 7.
and $16,000 Oct. 1, 1966, $15,000
Belleville School District, Ohio
April and Oct. 1, 1967 to 1970, and
t > Bonds Unsold — The
issue of $15,000 April and $16,000 Oct. 1,
I
Bonds Defeated—At the May 7
primary
feated the proposed
District, Ohio
Bonds Voted—An issue of $9,000
a.m.
primary election.
Principal and
interest payable at the National
registered bonds. Denom. $1,000.
City Bank, Rocky River. Legality Dated July 1, 1946. Due as fol¬
approved by Squire, Sanders & lows: $15,000 on April 1 and Oct.
Dempseyj of Cleveland. Enclose 1, in 1948 to 1950, $15,000 April
a certified check for $700, payable
and $16,000 Oct. 1, 1951, $15,000
to the District.
Jasper Township Local Schi Dist.
11.} U. MtutnUgevtue), Ohio*. v
Fairport, Ohio
Portfolio Bond Sale—The $210,fered for
\
the
at
School Dist., Ohio
Cincinnati City
November election
'
submitted
The voters ap¬
—
proved on May 7 an issue of $100,000 bridge construction bonds.
primary election.
carried at the
,
1,225 for to 716 against, the
required a 65% favorable
approval.
vote for
that the voters approved the issu¬
ly to place on the market an issue of $1,000,000 3% building end
equipment bonds. These bonds
;
was
Chauncey-Dover Exempted Village
Sch. Dist. (P. O. Chauncey), Ohio
Board, of Education voted recent¬
■
primary election the proposal to
issue
$60,000 fire station bonds
was defeated. Although the voting
bonds.
construction
Bonds
Dist., Ohio
Barber ton City Sch.
7
May
election the voters are
have approved the issu¬
of
ance
the
Voted —At
Bonds
1
^
Bonds Defeated—At the May 7
Ohio
,,
primary
nt the May 7 election.
East Liverpool, Ohio.
(P. O. Carrollton), [
Carroll County
Bonds Voted—An issue of $85,000 building Londs was approved
Monday, June 3,1S46
CHRONICLE
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Volume 163
Number 4495
THE COMMERCIAL & FINANCIAL CHRONICLE
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North Hampton, Ohio
Bonds Voted and Rejected
bonds
^
issue
—
An
authorized at the May
was-
7 election.
>
■„
of
$6,000 fire truck and
equipment 'bonds was favorably1 Strongsville Local School District,
voted at the
-
on
May 7.
Ohio
primary election held
-
-;*•
•.
7.7 77
At the same time the $40,000
storm sewer bonds failed to
carry.;
^
'
bonds
7 election.
7
■
VV;;//,
Oherlin, Ohio
;
Struthers, Ohio
Bonds Voted—An issue of
$12,-
garbage collection bonds
approved at
;
authorized at the May
was
the
Bonds
was
May 8 primary
/1' election.
Authorized
—
The City
Council is said to have passed an
ordinance at a recent meeting,
calling for the issuance of $18,000
y\^Parma (P. O. 6611 Ridge RoadK
park improvement bonds.
|
Cleveland)i Ohio .'<•
/.7' [
No Tenders
Josephine Baker,
Treasurer, has announced
'j.. City
that
—
tenders
no
received
were
on
May
23, in connection with the
offer to purchase refunding bonds,
dated Oct. 1, 1936.
v
i.
777
Perry, Ohio
Tuscarawas,
feated
Perry Township Rural School Dist,
CP. O. Jeromesville), Ohio
,,
.*
,
Bonds Defeated
\
'/ $2,000 heating
bonds
V 4
| ; held
An
—
of
issue
system and repair
defeated at the election
was
May 7.
on
at
the
Piqua, Ohio
election
primary
held on May 7.
Tumshp. Lcl, Sch. Dist.
(P. O. Wakeman), Ohio,
Bonds Voted
vS.
V
New
O,
Bonds Voted—An issue of $60*000 court house bonds was de¬
Townsend
vorably voted at the primary elec:tion held on May 7..
(P.
Philadelphia),, Ohio,
■■
; y Bonds Voted—An issue of $40,7 "000 water system bonds was fa,
County
the
election
of
issue
At the May 7
—
voters
approved
$50,000
an
|. bonds has. been authorized
City Commission.
by the
:
February the voters approved an
issue of $100,000 municipal hospi¬
tal building and equipment bonds,
t
Pitahurg, Ohio
Offering — Alfred L.
.
Bond
77 Oakes, Village Clerk, will receive
J * sealed bids until
noon on
June 1
'(' for the purchase of $5,500 3% fire
I ' truck bonds. Dated April 1, 1946.
•
Denom. $550. These bonds
7
are
7 1%.
a
city
hall
construction
bonds were favorably voted at the
election held on May 7.
It has
been
announced, that at the same
playground ac¬
quirement bonds were defeated.
time the $140,000
multiple of V4 of
No bid for less than par and
Vienna
000
construction
bonds
and
voted
was
at
election.
(P. O. Wooster), Ohio
Bonds Defeated
An. issue of
Bonds
Voted —It
is
7
Ohio
I
,
Bond Issuance Indefinite — Ris¬
ing labor and materials costs may
*7 necessitate
.
a
which includes these
Ripley, Okla.
sale of the $50,000 building bonds
0 authorized.at the November,
71 election.
1945,
.......
favor-
ably voted at the primary election
7; held
on
Ridge way,.Ohio
|7 7 Bond Sale—The $5,000 fire
ap-
7* paratus purchase bonds
offered for
awarded to
; 5 sale on May 16, were
7 the Ridgeway Banking Co. These
;
bonds
were
authorized
at
the
County,
Township Hog'
Montpelier),
(P.
O.
Bonds Voted—An issue of $360,000 IV2 % hospital bonds was fav¬
on May 24
2779—were awarded
to E. M. Ciohessy &
Co., of Okla¬
homa City.
Due $25,000. annually
from 1949 to 1958. The next high¬
163,
p.
est bidder
Bonds Voted—An issue of
000
construction, bonds
au¬
thorized at the May 7 election.
,
■Alva School District,
Exempted Village School
Bond Sale—The
District, Ohio
Okla.
$115,000 build-,
,
plant
the
price of par, and also, bid for
follows;
/
as
.
Bidders
Net Int. Cost
First National Bank,
_
•
M. A,
under
of
contract
the
the
sale
favorable
Voted
thereof
the
has
building
Department
fairs.
Grove City, Pa.
Bond Offering—F. G. Patterson*
Secretary,
will
sealed bids until June
receive
18 for the
purchase of $100,000 improvement
bonds authorized at the election
May 21.
Dated June 1,
bonds
are
due in
These
Jeannette, Pa.
Bonds
Voted
—
Enclose
for 2%
certified
4V2%
Interest
77 77-
the
An
issue
Beckville, Texas
Bonds Votedl—At a recent elec¬
tion the voters are said to have
approved the issuance of $25,000
primary
;)
Texas
Proposed, Bond Election.
Bonds Voted—An issue of
—
An
election is scheduled/ to;/be
called on the question of
issuing
$184,-
fav¬ up to $500,000 sewer and street
r
orably voted at the primary elec¬ hnprovement bonds.
tion held on May 21.
"Bexar. Metropolitan Water District
Morton School District, Pa.
(P. O. San Antonio), Te<x.
000
water
works bonds
was
'
Bond Election
Held
An
issue
Bonds Publicly Offered—Ah is¬
$35,000 remodeling and equip¬
of
of $975,000 2Vi% water works
system revenue bonds is being of¬
—
ment bonds was submitted to the
the
voters
at
held
May 21.
on
primary
election
RHOPE ISLAND
Portsmouth, R. I.
Offering — The
sue
fered for sale
by a syndicate com¬
posed of Dewar, Robertson & Pancost,: Dittmar 6s Co., Russ & Co.,
and the Van H. Howard
Co., all of
ISan Antonipy
Dated May 1, 1946, Denoihlnation $1,000*
Due,. May. 1,. aa fol¬
until 4 p.m. on June 3 for the pur¬ lows: $29,000 in. 1947 and 1948,
chase of $30,000 revenue notes. $30,000 in 1949, $31,000, in 1950,
These notes are due on Nov. 10,, $32,000 in 1951 and' 1952, $33,000
Town
DAKOTA
S. Dak.
Sale—The
$80,000 series
bonds offered for
April 2—v. 163, p. 1626^-
1946,
sale
1953, $34,000/ in 1954, $35,000
1955, $36,000 in 1956, $37,000 in
1957, $38,000 in 19587 and 1959,
$39,000 in 1960, $40,000 in 1961,
$41,000 in 1962; $42,000 in 1963,
$43^000 in 1964, $45,000 in 1965,
$46,000 in 1966, $47,000- in 1967,
$48,000 in 1968, and $50,000- in
in
Freeman,
sewer
on
were
.
will receive sealed bids
in
Bond
of
Monessen, Pa<.
Bell aire,
An
of
May 21.
water worksi bonds,
Somerset, Pa.
$325,000 water supply bonds was
favorably voted at the primary
on
7
Bonds Voted—An. issue of $50>?
city hall bonds was favorably
voted at an election held recently.
bonds.
SOUTH
—
date called.
000
May 21 the voters
Pa.
Voted
on
TEXAS
suance
sewer
ceases
Atlanta-,. Texae
said to have approved the is¬
of the $150,000 street and
are
$250,000 Treasurer
May 21.
on
bonds,
revenue
maturing July 1„ 1957, and Nos.
maturing July 1, 1948.
(P. O. Carnegie
Voted—At
water
211 to 221,
check
Jefferson Township. (P, O. Large), U946.
Bonds
est,
dated July 1, 1936. Nos. 2Q6 to
210,
urer.
Township
B.
"and
redeem at par and accrued inter¬
approved by
Internal Af-?
of
a
R,
—
Treasurer, has announced that the
above City will on Jqly 1, 1946,
of the fact amount of the
Note
The
improvement bonds were
favorably voted at. the election
on
the
bonds, payable to District Treas¬
and
bonds.
1946.
entitle
Redemption
Moreland, 7 City ' 'Recorder
the
opinion of Towns-
been
election held
The
—
municipal
on
of
Bonds
Pa.
following
bonds amounting to $72,000 were
favorably voted at the primaryelection held on May 21:
Borough
terms
and
Elizabethton, Tenn.
purchaser,
end, Elliott & Munson, of Phila^
delphia, and will be delivered to
the purchaser only if the issuance
Bonds
Bonds
bonds, will,
of the
purchaser to the return of the
amount deposited with the bid.
These bonds are issued subject tqj
Scott
$60,-
was
,
May 2 to
on
Dyersburg State, Bank, as IV4S
163,, p. .2635—were sold at. a
Crummer & Co.
was
Willoughby Township Local School
District (P. O. Willoughby), Ohio election held
OKLAHOMA
7*- 77
bonds offered for sale
—v.
held
Ohio
^
7 Ross ford.
improvement
street
6,
general election held on Nov.
school
the election
1.0 years,,
1
771945.
system
Okla.
fighting apparatus bonds
was favorably voted; at the elec¬
tion held on May 7.
orably voted at the primary elec-^
tion held on May 7.
May 7.,
works
was
Seminole County (P. O. Wewoka),
held
Bonds Voted—An issue of $32,f
Bonds Voted—An issue of $100,was
water
submitted to the voters
at the election held on. May 29.
stated
500 fire
pital District
Reading, Ohio
1000' incinerator bonds
$25,000
bonds
at
gations
Bond Election Held —An issue
of
Williams
further delay in the
Details—The
,
fire station bonds.
Washington, Ohio.
Sale
awarded
^■v.
relieve the purchaser from his obli¬
12,000 fire truck and equipment
by
Mabel C. Wolfe, Clerk-Treasurer
; $120,000
school site acquisition, of the Board of Education, that at
i / construction and equipment bonds
the May 7. primary election the
7f, was rejected by the voters at the proposal to issue
$2,750,000 con-?
7 May 7 election.
struction bonds carried by a ma¬
Plymouth, Village School District, jority of over 70%.
bonds
!
in 1956.
Sch. Dist. (P. O.
Warren), Ohio
trict
Bond
000 water works and electric
•. Memphis
.—71.31 %
Cumberland Securities Corp.,; ' * /
Nashville
taxing limitations im-j
posed by law, upon school dis¬ Commerce Union Bank,
' '
Nashville
1.36'%
tricts of this class.
The enact¬
repair and building bonds.
Due.
$14,000 in 1950 to 1955, and $16,000
$60,000
Warren City
'f Plain Township Local School Dis
sale,
amount
Saunders
Co..—.1.1.41%
ment, at any time prior to. the de?
/
7'7;
^livery of the. bonds of Federal First-Citizens National
Bank, Dyersburg
„_1.43%
legislation which in terms, by the:
Union Planters National
son, Clerk of the Board of Educa¬ repeal or omission of exemptions
Bank, Memphis
tion, will receive sealed bids un¬ or otherwise, subjects to a Fed-,
.—1.48%
til 7:30 p.m. on June 3 for the; eral income tax the interest on jC* H. Little & Co.—-—1,58%
purchase of $100,000 equipment, bonds of a class or character 1 Equitable Securities. Corp.
1.59%
Bridgeville, Pa,
$80,equipment
the May 7
TENNESSEE
Dyersbu#g,Tenn. /:
within the
Township Local Sch. Dist.
Bonds Voted—An issue of
of
Okmulgee Sch. Dist., Okla.
(P. O. Vienna), Ohio
*) accrued interest.
7-
conditions
PENNSYLVANIA
due
| ■ $550 on Oct. 1, 1947 to 1956. Bid>7 ders may bid for a different rate
fvof interest in
Bond Voted and Defeated—The
responsible bidder shall'
who/ having complied
one
the
Bond Offering—Eldon Hutchin¬
separate
$50,000
be the
•offers to take the whole
Bond Sale—The $250,000 county
University Heights, Ohio
highest
with
trans¬ of the issue at the lowest interest
bonds: cost to the District, which shall be
offered for sale on March 12r—v., determined
by deducting from the
163, p. 1491—were awarded to the total amount of interest to be paid
First National Bank of Chickasha, on account of such bonds
during
as 2Vzs, at a price of
par.
These the life thereof, the amount of
bonds are due $1,000 in 1949, to. premium
offered, if any, over and;
1955.
above the face amount of the is-,
sue.
These obligations will bei
Fairfax, Okla.
Bonds Voted—At an election in payable from ad valorem taxea
9
'I •' * Bonds Authorized—An issue of
7, $75,000 sewer and water revenue
''
■
Sale—The $7,000
portation and equipment
.
Approved — An issue of
$12,000 school improvement bonds
was approved at the primary elec¬
tion held on May 7,
i''''-
Geronimo), Okla.
bonds.
Bonds
'
Bond
construction
Tremont Local School District, Ohio.
'*
Sch. Dist. No.4 (P. O.
,
Bonds Voted—An issue of $25,000 construction and equipment
•
Comanche and Cotton Counties,
Ceronimo Joint Consolidated
awarded
the
to
Allison-
196ft tO' 1971. Bonds
maturing ih
Co., of Minneapolis, as
l^s, at a price of par.
Dated 1957' to 1971, are optional May 1/
provement bonds were favorably April 1,1946. Denom. $1,000. These 1956.
Principal and interest pay¬
voted at the primary election held bonds are due on Jan. 2, from able at the National Bank of Com¬
on May 21.
merce, San Antonio.
7
1948 to 1966,
Interest J-J.
The District
Bonds
Voted
The
$200,000
street, 'sewer, playground and im¬
—
Williams
waa
Newtown Township School District
created by an Act of the 49th
Madison, S. Dak.
Legislature of the State 19457/ Jt
J Bonds Voted—An issue of $385.,- ing bonds offered for sale on May
(Pi O. Newtown, R. D.), Pa.
}
Bond, Election Planned—An is¬ is a separate: governmental
000 gymnasium, stadium and heat- 21 were awarded to the Central
agen¬
of
Bond Offering —■ Samuel Tom-f sue
$50,000 swimming
pool cy, body politic and
corporate,
7ving plan bonds, was approved at National Bank, of* Alva, as l^s* linson, District
Secretary, will re¬ bonds will be submitted to the duly organized and
at a
<7 the. May 7 election.
St.
>7 Bond
price of par. These bonds
Election
An
—
issue
of
•$25,000 municipal building bonds
<7 will be submitted to the voters
>
at the November election.
y
«s
—
$19,000 in 1949 to 1953,. and
$20,000 in 1954,.
7
-
^
Beggs School Districts, Okla.
Bond
At the May 7
election held
,' election the voters authorized an
$8,000 school playground
-7
bonds.
1
Held—An
issue
7
Shanesville, Ohio
'
7 Bonds Voted—An issue of $10,?
-/■
Bond
tary
fered
on
May 28.
Iff!
Bond
-
,•
Sidney, Ohio
Ordinance
:-7
.....
Passed —The
Village Council has passed an or-,
diriance calling for an issue of
•
$12,000 street
1946. Denom.
due
improvement bonds.
4
p.m,
on
Bids will be
near
extension
for
011
sale
to
the
May
7
were
Union, National
2960.
no
bid
combining
Chouteau,. Okla.
<
,
Registered
as
to
accepted.
principal only.
The bonds and the interest
there?
will be payable without deduc¬
tion for any tax or taxes, except
on
now
or
or
Clerk, that the $60,000-water
wealth,
tem bonds offered
different
rates of interest will be
Bonds Not Sold—It is stated .by
Will A.
Crockett, Acting Town
sys¬
two
or
inheritance
hereafter
levied
taxes,
or
as¬
sessed thereon under any present
future
law
all
of
of
the
which
Milbank, S. Dak.
at
interest
oa
,
was
exceeding
favorably voted
the election held
last Novem^
ber.
Mitchell, S. Dak.
Bonds Voted—At
the
a
issue
Parker, S. Dak.
Bonds
Defeatedr—At the April
election, the proposal to issue
$25,000
swimming
bonds
pool
16
failed to receive the
jority vote for
required
ma¬
passage.
ftoslyn, 5,. Dak.,'
Bonds Unissued— The $20,000
3% sewer bonds authorized at a
recent election have not been sold
as
yet.
They will mature $1,000
annually and optional on
terest payment date.
existing under
Section 59, of the
Constitution and the Act creating
the I$striQt/Vi&; Chapter 366^ Acts
of the 49th Legislature.
Said Dis¬
Article XVI,
trict includes within
its bounda-
rie$. the City Of San Antonio,, and
the entire metropolitan area sur¬
rounding said City with the exjception of the incorporated cities
of Alamo Heights, Terrell Hills
recent elec-r
: and Olmos,
parkjand wascreated
tion the voters, approved an
of $60,000 airport bonds.
Common¬
taxes
election to be held in
Bonds Voted—An issue of $12,-
ceived for the entire issue at any
sani¬
bonds of-3
an
future.
000 air port bonds, not
of the above rates of interest but
$24,000
May 6, were District assumes and agrees? to
not sold os all bids were rejected. pay.
The bonds will be sold to
South. Euclidi-Lyndhurst Sch. Dist,
It is understood. ;thet the bonds the/
.highest.' responsible bidder,
(P. O. South Euclid), Ohio
will be reof^ed in
Bonds Voted—An issue of $916,the- near fu¬ provided such bid is not less than
"
000 construction and equipment ture, in a reduced amount.
par and
accrued interest. • The
the
re-r
Sale—The
sewer
awarded
voters at
$1,000. These bonds 4%
June 1, as follows:
$1,000 in 1947 and 1948, and $2,000
are
succession
^
until
(DST). on June 3 for the purchase
of $36,000 1,, 1%, IV2, !%, 2, 2%,
or 2Vz%> joint high school build¬
ing coupon bonds. Dated June 1,
in 1949 to 1965.
,00ft water works bonda was au* Bank, of Chandler, as 1V2S. These
thorized at the May 7 primary bonds are due $2,000 in 1949 to
election,
ceived sealed bids
Chandler, Okla*
,
issue of
Election
of $25,000 construction bonds? was
submitted to the voters at the
Salineville Local Sch. Dist., Ohio
Bonds Voted
are
due
Clairsville, Ohio
for'
the purpose?, of7 controlling,
conserving,, protecting, preserving,
distributing and utilizing storm
and. flood waters of rivers, and
Streams and underground waters
situated in the District, and to.
control, and regulate the
accumu¬
lation; and 7.disposal of sewage,
wastes,^ refuse and residium and
to protect and preserve the
of
the
surface
purity
arid underground
waters. Said bonds'issued by au¬
thority of the Board of Directors
the; District are^ secured by/the
lien upon
the
rev-
to be derived
3052
from
the
erties
operation of the
with the
advised to file their
pro¬
the United
ceeds of said bonds.
They consti¬
tute valid and binding special ob¬
ligations of the District, payable
the deduction of reasonable op¬
Said net
es.
to and
are
revenues
expens¬
pledged
charged with the payment
the interest
on
and the princi¬
of the bonds.
Legality ap¬
proved by McCall, Parkhurst &
Crowe, of Dallas.
pal
Texas
An isue of
—
Court
000
construction
road
bonds
Information
Additional
—
In
$1,600,000, Is
—..100.040
(Net interest cost 1.1383%.)
connection with the public Offer¬
was
the
Northern
i
-
,
•
"
—
Bigfoot Independent Sch. Dist.,
Bonds Approved
States District
For $400,000, 4s, and
Parhersburg, W. Va.
Webb County (P. O. Laredo), Tex.
Bonds Voted—An issue of $750,-
Texas-Abilene
solely from the net revenues of
properties aft¬
eration and maintenance
claims with
Division
of favorably voted at the election ing by Widmann & Co. of Cincin* Chase National Bank,
nati, of the $131,000 Wz% semi¬
Division, on or; be¬ held on May 11.
/#New?York;;;^^
annual
water ' works ; revenue,
fore June 24,for: the purpose
Wichita County (P. O.
Blyth & Co.,
Fourth Series bonds, noted here
of setting forth their rights as
Wichita Falls), Texas
First Boston Corp., and
t
on May 20—v. 163, p. 2780—it is
creditors:
:>■
Bond Election Contemplated —
Charleston National Bank,
L '
■
Int.
Date of
now stated that Walter, Woody &
It has been officially announced
Charleston, jointly, /
Issue
•;iV
Rate
Issue
that
the
For $320,000, 4s, $640,Water works bonds
County
contemplates Heimerdinger, of Cincinnati, and
;
6%
2- 1-1911
V / ;
associates, were the original pur¬
City Hall bonds
6%
9- 1-1919
callingi an election to submit to
000, l%s, and
^
y;
Street imp.
chasers
of
these
bonds.
Dated
bonds.,
6%
9- 1-1919
the voters an issue of $800,000
$1,040,000, Is
._.,.100,079
3ewer bonds
6#
7- 1-1920
April 15, 1946. Due from April 15,
Water works bonds—
hospital bonds, in connection with
G%
7- 1-1920
(Net interest cost 1.138%.)
' v/ V
1952 to 1971', inclusive.
Street Imp. warrants-—,- 7%
2-15-1922 a $2,000,000 expansion program.
Northern Trust Co.,
Water imp.
warrants
6%
2-28-1923
West Virginia (State of)
Street imp. warrants
Woodville, Texas
6% 10-20-1924
y, Chicago,
Other Bids—The $2,000,000 road
Bonds Voted
Refunding bonds
5%
7- 1-1925
The following
Harris Trust & Savings
Street
imp. warrants
6'Jo 11-15-1929
bonds amounting to $80,000 were bonds ($120,000 4s and $1,840,000
Bank, Chicago,.
El Paso, Texas
favorably voted at an election Is) awarded May 22 to a syndicate
Braun, Bosworth & Co., Inc.,
V
headed by Halsey, Stuart & Co.,
Bond Election
An issue of held recently:
Trust Co. of Georgia,
$350,000 water and sewer system $15,000 street improvement bonds. Inc., at a price of 100.057, a net
Atlanta, and
interest cost of about 1.0233%, as
construction bonds /will be sub¬
1,5,000
water
M. H, Morton & Co.,
system
revenue
reported in v. 163, p. 2908—were
mitted to the voters at the elec¬
bonds.
\
jointly, ^
1
- '
% I |
also bid for as follows:
tion to be held on June 1.
For $240,000, 3s
50,000 sewer system bonds.
Bidder
Price Bid
VIRGINIA
$1,280,000, Is, and
Galveston, Texas
Graham, Parsons & Co.,
$480,000, iy4s
100.001 /
Bonds Voted—An issue of $1,Suffolk, Va.
Eastman, Dillon & Co.,
(Net interest cost 1.1406%.)
Bond Offering — J. C. Causey, Otis &
900,000 school construction bonds
for
the aforementioned
er
longer obligations, are being
no
prop¬
purchased
Monday, June 3, 194$
CHRONICLE
THE COMMERCIAL & FINANCIAL
.
$19,000 3% refunding bonds was
approved on April 29 by the At¬
torney-General, .
I : :'n-'J
—
.
Breckenridge, Texas^
Postponed—It is
Bond Election
by the City Secretary that
stated
the
election
the
of
date
the issuance of
on
bonds
revenue
from
\
to
Texas
'
$50,©00 construction bonds was sub¬
mitted to the voters at an election
(P. O. Cedar Bayou), Texas
Bonds
Voted — At
a
recent:
the
election
approved the
voters
of $100,000 construction
hands, it is reported.
school
163,
p.
2780—were
H. A. Underwood &
Co., of Dallas, at a price of 100.01,
interest ; cost of
net
a
2.2713%|
Dated June 1, 1946.
«
:
Dated April
Denoms. $1,000 and. $500.
These bonds are
due $1,000 in 1947 to 1949, $1,500
in 1950 to 1953, $2,000 in 1954 to
1956, $2,500 in 1957 to 1960, $7,000
in 1961 to 1963, $8,000 in 1964 and
1265, $9,000 in 1966 and 1967,
$9,500 in 1968 and 1969, $10,000 in
1°70 and 1971, $11,000 in 1972 to
1974, and $11,500 in 1975 and 1976.
Interest J-D.
Jr., City Manager, will receive
sealed bids until 7,30 p.m. (EST)
on
June 20 for the purcnase or the
terest:
p ublic ' improvement
bonds. Due July 1. from 1949
1971.
—
construction bonds were defeated
at the election held on
70,000 refunding bonds. Due July
1, from 1949 to 1971. ?
Dated July 1, 1946. Denom. $1,Interest
000.
April 27.
Adams
County, Ritzville Consoli¬
ably
held
election
the
at
voted
May 1L.
voted at the election held
May
on
District
(P. O. Ritz¬
ville), Wash.
Bond Sale—The
$250,000 school
on May 23
—v.
163, p. 2500—were awarded
to the Washington Trust Co., of
Spokane, and the National Bank
of Commerce, of Seattle, jointly,
as 1.30s.
Dated May 1,1946. De¬
nomination $1,000.
These bonds
bonds offered for sale
.
,
Jackson County (P. O. Edna), Tex.
Bonds Voted—An issue of $35,000
road
bonds
was
favorably
Jones
School
dated
No. 167-67
$270,-
000 construction bonds was favor¬
on
J-J.^il^-:
WASHINGTON
County (P. O. Anson),
authorized
were
St
the
election
Texas
—
hospital
$200,000
submitted
held on Dec. 15, 1945.
The next
highest bidder was the Old Na¬
be
tional
voters
election to be held
Kaufman County
of
will
bonds
the
to
issue
An
on
the
at
June 1.
Bank, Spokane, for 1.30s.
Lewis
No.
County Public Utility District
1
(P. O. Chethalis), Wash.
Bonds Called—L.
E. Scherer,
Commissioners
3 (P, O.
District Secretary,
has announced
A, electric revenue
Kaufman), Texas
Cleveland, Texas
Bonds Purchased—An issue of bonds Nos. 14 to 85, are called
Bond Validation Hearing Sched¬
for payment on July 1, at the
uled— In
connection
with; the $60,000 2% road refunding bonds
was purchased recently by James,
County Treasurer's office. Dated
$100,000 street paving bonds, not
Stayart & Davis, of Dallas. Dated July 1,1941. Denominations $1,000
exceeding 4% interest, that car¬
1,
1946. Denom;
$1,000. each.
ried at the election held on Oct. April
Precinct, No.
...
that the series
15, 1945, Joh^Manthey, City Sec¬
retary; has announced that the fi¬
nal hearing - on this issue is to
take the place on June 27 in the
Civil Court of Appeals.
Colorado City,
and street bonds offered for
due
are
in
$5,000
Principal and inter¬
at the State Treas¬
office.
Legality approved
payable
urer's
by W. P. Dumas, of Dallas.
Bond Issue
Approved—An issue
of $40,000 sewer revenue; bonds
was approved at an election held
recently.
on May 24 were awarded to a
syndicate composed of the First
of Texas Corp,, Roe & Co., both of
Lubbock County (P. O. Lubbock),
San Antonio,
and the RansonTexas
Davidson Co., at a net interest
Bonds Voted
The following
cost of 1.865%.
These bonds were
amounting to $1,850,000
approved at the election held on bonds
April 2. The next highest bidder were favorably voted at the elec¬
tion held on May 18:
was the R. J. Edwards, Inc., Co?
—
jlumbian
Securities
Corp.,
of
Texas, San Antonio, and McRoberts, Graham & Co., jointly, at a
net interest cost of 1.957%.
munitySch.Dist. No. 3 (P. O,
house
court
$1,500,000
and
bonds.
jail
,
.
350,000 road construction bonds.
School
O'Donnell
Delias County, Shady Grove Com*
Coffin & Burr,
Lobdell & Co., and
Donald MacKinnon &
District,
Texas
Bonds Voted—An issue of $75,-
Washington
Pasco,
Perry, City Clerk, that the
$127,000 general obligation bonds
scheduled for award on May 21—
Dated Oct. 1, 1946.
$500.
These bonds are
due $500 in 1947 to 1966.
Princi¬
pal and interest payable at the
State Treasurer's office.
1,
Denom.
,
f
\
'«*■
i
,
r'.ft"i
'
k
$182,000
ann.
1 Yi%
and
2Vz %
refunding bonds
were
semi*
pur¬
chased recently by the J. R. Phil¬
lips Investment Col of Houston,
\*
Road District No; t Texas Technological College (P. O.
Lubbock), Texas
(P. O. San Diego), Texas
Additional Information—In con¬
Bond Issue Approved—An issue
Duvcd County
of
$10,000 3% refunding bonds
approved on May 9, by the
was
Attorney-General.
Eastland,'Tex as
nection with the sale of the
nue
reve¬
bonds
aggregating $4,000,000
to a syndicate headed
by Blyth
& Co., Inc., of
Chicago, as noted
here—v. 163, p. 2636—it is now
Creditors—Holders of stated that the said bonds were
the following described indebted¬ purchased originally by the above
group at par.-- ; ness, which were declared to be
Notice to
gen-*
163, p. 2780—were awarded to
Salomon Bros. & Hutzler, of New
York ,and G. H. Walker & Co., of
St. Louis, j ointly, as 0.90s, at a
price of 100.1318, a basis of about
0.889%, as-follows: :
-r
$1,000,000
street
improvement
bonds. Due June 1, from 1952
Co.,
to
York,
1966, inclusive.
100 000 river improvement bonds.
rurfean
Due June
1, from 1952 to 1966,
inclusive.
Dated
June
Interest
1,. 1946.
J-D. The next highest bidder was
Kidder,
Peabody & Co., R. W.
Pressprich & Co., and Hornblow¬
&
er
price
Weeks, jointly, for 0.90s, at a>
of 100.13,
Other bidders
were as
follows:
,
For 0.90% Bonds
Bidder
Drexel & Co.,
Price Bid
For .90% Bonds
Co.,
First National Bank,
and
Chicago, and
E. H. Rollins & Sons,
jointly,
$800,000, 1J/4S, and
$ $1,200,000, Is
Harris Trust & Savings Bank,
Chicago, jointly
Union Securities
100.06
100.004 Phelps, Fenn & Co.,
-
(Net interest cost 1.1115%.)
Stone & Webister Securities
Corp.,
Corp.,
|
Eastman, Dillon & Co., and
bonds will prob¬ Hemphill, Noyes & Co.,
Cruttenden & Co., jointly^-100.05
ably be readvertised for sale at L. F. Rothschild & Co.,
For 1% Bonds
a
later date.
These bonds are Hornblower & Weeks, and
Halsey, Stuart & Co.,.
R. D. White & Co., jointly,
to mature in a 15-year period.
A. G. Becker & Co.,
For $320,000, 4s, $80,000,
•/
Seattle, Washington
s/is, and $1,600,000, ls__100.023 Braun, Bosworth & Co.# Inc.,
Bonds Called —. H. L. Collier,
Illinois Co., Chicago,
(Net interest cost 1.1115%.)
City Treasurer, has announced
Mullaney Ross & Co., and
Ilarriman, Ripley & Co., Inc.,
that the municipal transportation
Martin, Burns & Corbett,
Smith, Barney & Co.,
system refunding revenue bonds,
jointly
R. W. Pressprich & Co.,
—.—.—>101.07
; ; New
York,
-
.
He says that the
Nos.
4638
dated
4700
to
Jan.
1,
Estabrook & Co.,
1945, are called for payment on
July 1, 1946, in inverse order of
number, as provided in said bonds,
and
payment
of sa id bonds
will be made on and after said
WEST
reported that
$1,100,000
obligation bonds offered for
on May 24
—v.
$320.000,4s, and
$1,680,000, Is
100.06
(Net interest cost 1.0877%.)
Mellon Securities Corp.,
'
Pittsburgh,
2500—were not sold, be¬
cause of an error in setting up
the ordinance on the call for bids.
Z
sale at public auction
For
p.
These bonds
March 1, from 1947 to
Bond Sale—The
eral
Hannahs, Ballin & Lee, and
Scott, Horner & Mason,
jointly,
For
-
Madison, Wisconsin
Francis I. duPont & Co.,
11
For
on
Stroud & Co.,
:
Wi
P
bids until
jointly,
$320,000,3%s,
3%s,
$1,440,000, Is, and
For
.
,
,
1956.*
1Y4S
Co., St. Louis,
and"
'.f
»
;
jointly,
'
Co.,
:
■
DIVIDEND NOTICE
-s
!
COMPANY
1
;
MINING
DIVIDEND
NO.
860
Thf Board
- ~
.r-l
No,
of
of Directors has declared dividend!
860 of
thirty-five cents ($.35) per share
$12.50
Dar
value
CaDital
Stock,
payable
20,
10*6
to stockholders of record 3 00
June
Equitable Securities Corp.,
F. W. Craigie &
June 5 for
on
'
HOMESTAKE
<
Mercantile-Commerce Bank
& Trust
a.m.
purchase of $160,000 /county j
hospital bonds, not exceeding 3% j
interest. Dated June 1, 1946. De-^'•
nomination $1,000.
These bonds I
are due $16,000 on June 1. 1947 to
100.08 /
(Net interest cost 1.1338%.)
F. S. Moseley & Co.,
$240,000,
10
the
For $420,000,
issue $60,000
department and- civic center
'
County/Clerk, will receive sealed
Co.,
Stein Bros. & Boyce,
;
Torrington),
Wyoming
— Frank Haines,
Bond Offering
Laidlaw & Co.. and
City is planning to
bonds. *
WYOMING
Goshen County (P. O,
•
R. S. Dickson &
June 20 for
purchase of $1,000,000 1%%
public school improvement bonds.
Dated July 1, 1946.
Denomina¬
tion $1,000. These bonds are due
on July 1, from 1947 to 1979/
-'
Follansbee, W. Va.
Bond Issuance Planned — The
Bank, Milwaukee,
jointly
-^™i----™l'01.0t;"
100.062
*
(N et interest /cost 1,1337%.)
Guaranty Trust Co.,
New York,
Lazard Freres & Co.,
Goldman, Sachs & Co.,
the
fire
'' "
$400,000, 4s, and
$1,600,00, 1$
VIRGINIA
a.m.
E. H. Rollins & Sons, and
Marine National Exchange
/Jointly,
Fayette County (P. O. Fayetteville), W. Va.
Bond Offering—Otway Gunnoe,
Secretary of the County Board of
Education,; will receive ; sealed
bids until
Bankers Trust Co.,
New York,
,
Bacon, Stevenson & Co.,
Young, Moore & Co., and
J. C. Bradford & Co.,
#
Bonds Sold—It is
on
Principal and interest pay¬
able at the City Treasurer's office,
& Co.,
Michigan Corp.,
Bear, Stearns & Co.,
gymnasium and 'stadium re¬ date at par, plus a premium of
Dallas), Texas
modeling bonds was favorably 1 % upon presentation at the City
Bonds Purchase—An issue of voted at the election held on
May Treasurer's office, or the fiscal
$10,000 2%% construction bonds 4.
agency of the State, the Chemical
authorized at the election held in
Bank & Trust Co., New York City.
Orange Indep. Sch. Dist. (P. O. Interest will cease on date called.
August of 1945, was purchased on
Orange), Texas
School Fund.
due
First of
000
J March 25, by the State Permanent
New
$45,000 2%'
bonds offered for
1951.
Hallgarten & Co., and
Kean, Taylor & Co., jointly,
For $320,000, 3%s, $80,000,
%s, and $1,600,000, ls-._100.00
'Net int^A.ct r^t 1.0807%.)
Bonds Not Sold—It is stated by
163,
Co.,
W. E. Hutton & Co.,
Gioie,
The
—
1946. Denom. $1,000.
are
jointly,
For $z40,000, 4s, $80,000,
2%s, and $1,680,000, ls__100.00
(Net interest cost 1.0769%.)
Chemical Bank & Trust Co.,
New York,
Commerce Union Bank,
Nashville,
Bankers Trust
Sale
revenue
sale recently were awarded to
Harley, Haydon & Co., of Madi¬
son, at a price of 102.22, a basis of
about 1.488%.
Dated May 10,
Co.,
Stranahan, Harris & Co., Inc.,
B. J. Van Ingen & Co.,
Laurence M. Marks &
A. M.
v.
Lorena,Texas
.
water,
sale
.
bonds
1947 to 1958.
est
Texas
Bond Sale—-The $325,000
sewer
These
Bond
electric
Shields &
-
Bond. Election
WISCONSIN
Fennimore, Wis.
For $320,000, 3s, and
./ $1,680,000, Is
100.01
(Net interest cost 1.0607%.)
1
$180,000
1, 1946.
Independent
School District, Texas
Bonds Defeated
The $150,000
Co.,
II. M. Byllesby & Co.,
Bioren & Co., and
G. H. Walker & Co., jointly,
following bonds amounting to
$250,000 not exceeding 2^% in¬
Texas
offered for sale on
22—v.
awarded to
ized at the election held on March
Bonds Voted—An issue of
Bend Sale—The $175,000
house bonds
author¬
were
Irving Independent School District,
Texas
May
These bonds
Indep. Sch. Dist.,
Clarhsville
•
2s.
as
Grand Prairie
Bayou Indep. Sch. Dist.
issuance
:
May 21.
construction bonds has been sold
19.
held recently.
■
Oh
Indep. Sch. Dist., Texas
Bonds Sold—An issue of $50,000
Bonds Voted—An issue of
Cedar
favorably voted at the elec¬
held
Graham
Independent Sch. Dist.,
••Vv
was
tion
postponed
was
-
-
pass
$1,000,000 water
May 13 to June 6.
Cadalien
f.
..
o'CWk
t
P.
Checks
Company,
May
M.
will
June
be
28,
10,
1946.
mailed
by
Dividend
J^HN
•
1946
Irving
Trust
Agent.
HAMILTON, Secretary.
•'
J
Di«bnrsiner
W.
■
•
i
1}
@FedFRASER